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•;:"-•'/• /^UNITED STATES
;
DEP4RTMENT:.OF ...
WASHINGTON

v 1927
Nd. 72

' - . : . V /.-./;' - ' . .".'T':; • 'COMPILED

Y
BTLJiRLEAtr OF THE CENSUS
BUREAU OF FORfelG^ ANQ ©OMlESf 1C
\
V
^ BUREAU OF
NQTieE ,

" _ •; ,.v.;'7,i:p,;;,V

/» addvtien to figwe$ given from Government sources, fh&e qre idsp incorporated for 'e&if^^enf^s,,^
serbiee figures from &tker sowf.ces:generally wce£ted by the tra4e$:, -$e'-authority'iai|
for tefew^v w^ 'netted in; iffee • "Sjmrces of • Data'1 on .pages• 134-137 -of the




>

INTRODUCTION
to

M a pictur%;o| ilie business situation
^:%^;jirMcipd^aetafeg^d^ fee;vari. ind^j^y;" At semiannual inter;e pubfen^l ^vii^^lor each item,
" fdi tja& .past twp ye&fe $nd yearly
fege waflabtei kfcci: to:19l% also blank
v line/Sufficient ,5Bflr. sis months taye been Ifft at the
?\; bottom^ of ^aei|M&P Cabling t^tese yho c§re to dp
present

Tables ;i~l 12$.! :\ln tfie^ ititerventog; nioiiths the fridre
-^ - - ~tant ^Bostoi^isons only ate *giyeti, in tie table
k|^ -Tre&f/df business mcKV€toents^n ; -




snm,EWENT
^^ they iraist ireaelxtikebusiness
^

^

iofoimation
ike yf^eEfejptdiii^on

tables are
Tie chief
er these
scattered HI huntgprtiOn of^ these
ents^ qtiber
still

reader^t^;fea at-be

,

r

,

v

tihe

of jp^rfe

oi? a o^jTmrMsixiQi fe greater
Te
b"0 greater than
100 4nd
at 0nce tEe £er cent
period,
of 15
relative number
tiie

Relative numbers ina> also be used to calculate the
approximate percentage mcrease or decrease in a movement from one period to the .nextJ - Thus, if a relative
number atone month is 120 and for a later month it
is 144 there ha:s been an increase of 20 per cent.
In DaaHy instances comparable .figures for. the prewar years are nc>t available, ^nd WL such cases the year
1919 has usually been taken as the base. Edr stone
industries 1919 can not be regarded as^a proper base,
dtie to extraordinary conditions in the industry, #nd
some more represmtative period has been chosen. lit
inany;cases relative numbers of less importance h$ve
been temporarily Oiaitted.
V
Most of the relative numbers appear in a special
section of the semiannual issues, «& in Tables 111 to
J31 of the, .present number, thus allowing ea-sy
cprictpjarison on a pre-war Jbase 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 ibd^ itumber* The index
number by combining many •, relative numbers, is ,
de^ignm;to show: ^ie;6rend of an entire group-of
industries or for the country (as a whole^ instead of for
the sin^e cotMnodity or industry whicli the relative
number covers. Comparisons with tHe base ye^r or
with other periods are, made ia the same manner as in
the case of relative numbers, '
s
RATIO CfiARTS
In many instances^the charts, used in the StTRviiY
OF CuEEENTBtTSiNiiss are of the type termed u Ratio
Charts^' ^Ipg^rithmic scale), nbtably tiie .Busings
Itidicator^ charts on page 2. These.charts ^iow the
percentage increase and allow xlkect compaipions '
between the slope ^| one ctiirve aii^ that of aay other
<iurVe regardless of its location on the diagram; that
is, a 10 p^p^ent increase in m item is;given, the same
Vertical movement whether its curve is near the bot-, i
torn or near the top of,the chart,
\,
The difference between this aod the ordinar^ form
of a chart c^a be made clear by an example. If a
certain item^ having a relative number of 4TO in one
.nxpnth, injcrease^ 10 per cent in the following month,
i^s relative number will be 440, and on an brdinaty
chart woiald be plotted 40 equidistant icale -.points
higher,thaii the preceding month. Another mol^emeftt with a relative Dumber of, say, SO, also increases
|Q |ter dent, making its relative number 55. On 4he
ordmie^y (arithmetito) scale this item would rise only 5
equidistant points, wha-eas the previous: item rose 40
points, yet eabh showed th& ^pae percentage increase.
,:Tbe ratio clxarts av,o;id, tiis difficulty" and give to each
.of the two movements exactiy the same vertical tise,
and h^ence the slopes of the two lines ate directly
comparable* The ratio charts compare J>ercentnge
changes, whSe the arithmetic charts compare absolute

complete data for the month of June and also items covering the early weeks of July
^_ _ _ _ , . ^ v _ . ,_., _, T _ sandtable,pp. 4 and 5.) As most data covering a particular month's business are not
until from 15 to 30 days after the close of the month, a complete picture of that month's operations can not be
lit^^^^^li^^^^ *ti#ptQment8 give every week C • ' - - - - -

UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY
BUREAU OF FOREIGN AND DOMESTIC COMMERCE

BUREAU OF THE CENSUS

No. 72

:

: BUREAU OF STANDARDS

1927

AUGUST

CONTENTS
SUMMARIES

INDEX BY SUBJECTS
Text
page

Preliminary summary for July
1
Course of business in June
11
Monthly business indicators (table and chart)
2, 3
Weekly business indicators (table and chart)
4, 5
Wholesale prices (table and charts)
6, 7, 13
Semiannual statistical summary of commerce and industry
8, 9
Indexes of business:
Condensed summary
11
Text and chart
12
Detailed indexes of production
22
Automobiles, building, mining, manufacturing, electric
power, and transportation (charts)
8
Forecast of prospective carloadings, third quarter of
1927
20
Sources of data
134
Livestock slaughtered under Federal inspection
138
Index
139

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

14

Table
page

27

15

35

16
16

34,50
43

16
16
16
17
17
17
17
18
19
13

55
53
58
62
64
70
73
82
96
103

19
110
19
121
19 120, 130

PRELIMINARY SUMMARY FOR JULY
The general dollar volume of business during the
early weeks of July, as seen from data covering check
payments, was larger than during the corresponding
period of 1926. Distribution of goods, however, as
shown from figures on freight carloadings, was running
smaller than last year. New building contracts
awarded showed increases over the early weeks of July,
1926. The production of bituminous coal was lower
than in either the previous month or the same month
of last year. The output of crude petroleum again
reached a new high point during the month. The production of beehive coke was lower than in either the
previous month or the same month of 1926. Lumber
production was on about the same level as a year ago.
Wholesale prices during July reached the lowest
point since the end of the war. Loans and discounts
of Federal reserve member banks declined from the
54177°—27




1

previous month but were substantially higher than a
year ago. The Federal reserve ratio was also higher
than last year. Prices of stocks on the New York
Stock Exchange averaged higher, both as compared
with the previous month and the same month of 1926.
Loans to brokers and dealers by Federal reserve
member banks in New York City secured by stocks
and bonds were higher than a year ago. Bond
prices showed relatively little change from the previous
month but averaged higher than last year.
Interest rates on call loans showed little change
from the preceding month but were lower than a
year ago. Time-money rates averaged higher than
in either the previous month or the same month of
last year. Business failures during July, based on
figures for the first three weeks, were more numerous
than in the corresponding period of 1926.

MONTHLY BUSINESS INDICATORS, 1920-1927
[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]"

350
300

RELATIVE TO 1913 AS 100
1921 1922 1923 1924 1925 1926 1927

1920

RELATIVE TO 1919 AS 100

1920

1921

1922 1923 1924 1925

1926 1927

200

•OCKS

-PRICES 25 INDUS

200

100
150

JNTEREST RATES, COMMERCIAL

APER

100
80

60
50
250
200

DEPT STORE TRADE f359 STORES
WHOLESALE PRICES (DEPT.OF LABOR)

100
250
200

I

I

I

I

I

MAIL-ORDER SALES
(4 HOUSES)

-FARM PRICES(DEPT. OF AGRICULTURE)-

m

^~

f MANUFACTURING PRODUCTION"
. . . I . 7(54 C9M,MpP|T.'ES;- I .

'00

rrt

80

£

£>!
2
100 J
80
60
40

300

'

"UNFILLED STEEL ORDERS

2OO

100
AUTOMOBILE PRODUCTION
C PASSENGER CARS AND TRUCKS)

80
60
40

30
150
FACTORY EMPLOYMENT

100
80

60
200

100
80
BUILDING CONTRACTS AWARDED (SQ. FT.)
(27 STATES)

60
40

1 I I IT I I I I I I I I I I I 1 I I I I I I 1 I I I I I I I 1

1920




1921

1922

1923

1924 1925 1926

1927

1920 1921 1922 1923 1924 1925 1926 1927

LU
Q
-Z.

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 often 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

MONTHLY AVERAGE

1927

ITEM

1920

1921

1922

1923

1924

1925

1926 Mar. 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
Crude petroleum
Cotton (consumption)
Beef
Pork
Unfilled orders:
United States Steel Corporation
Stocks:
Crude petroleum *
Cotton (total)
Price: a
Wholesale index
Retail food
._
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 :
Freights, net ton-miles

120 54 87
135 64 114
99 38 80
108 107 131
98 99 60
119 87 88
178 189 224
105 97 109
119 113 126
113 117 130

130
144
120
153
102
118
295
117
130
160

101
122
128
164
96
101
287
99
133
151

118
146
136
177
68
109
304
115
138
128

127
155
141
182
93
121
309
120
144
127

90

102

68

73

64

170

96

134 135 136
177 163 156
147 143 143
129 175 243
115 108 106
116 101 98
293 290 302
137 124 111
136 137 139
136 120 119
74

65

61

143 171 265 311 369 290 269 274 273 271
155 198 153 125 111 129 177 192 167 143
226 147
203 153
207 197
205 116

149
142
188
124

154 150 159 151
146 146 145 160
190 169 167 172
135 134 147 136

152 151
160 162
170 168
140 140

126
148
139
259
117
105
298
111
150
136

126 125 123 130
144 158 155 162
140 140 141 146
254 251 245 237
111 108 111 114
109 116 123 137
313 321 315 333
99 108 123 122
136 140 164 166
129 118 100 101

126 121
147 137
146 141
153 87
98 99
150 145
336 348
126 130
155 150
119 151

121 115 136
149 150 178
148 134 134
81 91 150
86 77 80
143 133 151
345 328 364
130 127 149
135 122 132
164 128 146

134
162
138
194
93
87
351
133
128
126
59

132 121
159 137
139 135
228 267
106 95
89 92
368 360
136 142
136 136
143 163
52

52

268 265 265 265 264 264 265 266 272 276 284 293
119 98 85 137 217 260 267 257 239 210 181 151

301
122

59

61

60

61

62

64

152 152 151 149 151 150 148
161 160 157 156 159 160 162
161 160 160 162 170 177 188
139 139 136 133 134 130 130

108 229 228 197 198 162 149 134 169 147 129 130 123
184 136 169 185 198 262 285 272 249. 253 268 280 296
67 64 75 72 81 99 112 105 104 106 111 113 116

67

147
162
187
127

64

61

60

147 146 145
159 156 154
183 181 179
126 127 126

144
154
165
125

144
155
163
126

144
159
164
130

131 146 143 200 225 206 254 233 166 151
296 283 295 308 301 311 324 344 361 363
120 114 117 121 122 127 128 133 137 139

257 205 230 226 264 300 307 356 329 297 307 302 275 271 309 282 339 324 292 364 336 314 353
275 212 230 276 284 320 327 342 327 319 332 337 307 315 345 319 344 329 291 340 323 324 333
134 118 80 90 71 73 77 78 76 72 70 72 78 80 82 80 79 75 70 72 74 75 75
294 140 177 212 201 236 248 296 266 215 225 227 225 230 252 250 241 239 208 254 251 232 238
331 181 154 168 185 198 193 181 187 172 163 178 186 216 220 232 225 201 178 196 199 188 171
264 188 204 259 284 327 349 357 344 299 309 284 288 336 417 425 471 313 312 365 361 299 320
137

105

115

139

131

139

149

141

133

146

144

153

160

162

177

159

147

143

136

153

136 147

1919 monthly average =100
Production:
Lumber8
Building contracts (37 States)
Electric power (total)
Automobiles (United States) ._
Stocks:
Beef
Pork
Business finances:
Bond prices (40 issues)
Banking:
Debits outside New York City
Federal ReserveBills discounted
Total reserves
Ratio

102 86 117 133 129 141 136 146 142
75 71 105 111 115 146 138 161 162
112 105 122 143 152 169 190 191 179
115 83 132 204 181 215 218 262 267

148 148 139 143 141 143 127 113
159 145 129 142 139 135 132 120
180 183 184 190 192 203 200 210
259 236 220 262 244 204 156 101

106 115 123 122
100 103 164 157
208 188 207 196
145 185 240 247

66
98

42
83

29
70

32
91

34
90

34
82

27
70

30
78

25
76

22
74

21
78

19
86

18
84

20
67

26
52

36
47

43
57

40
72

37
81

33
90

86

87 107

104

108

112

116

115

116

117

117

117

117

116

116

118

119

119

119

91

107

108

121

127

133

128

122

128

135

118

121

135

123

139

133

39 19 26
146 146 134
152 160 149

30
135
148

33
133
146

27
135
151

24
136
151

27 27
136 137
150 152

32 37
135 134
148 145

33
135
147

33
135
144

37 19
134 143
140 159

114

95

132 91 28
97 122 144
80 122 154

27
94

137 135
139 147
201 199
246 195
21
98

18
106

120

120 121

120

118

137

134 130

135

22
144
156

24
145
157

23 26
146 144
158 153

25
145
155

1
Data since January, 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods.
2 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 five 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 production for the country of 34,552,000,000
board-feet reported by the census.


3

WEEKLY BUSINESS INDICATORS
[Weeks ending Saturday. See table on page 5]
WEEKLY AVERAGE? $923-1925 I N C L U S I V E = !00

Bl TUMINO US CO>\L, P ROC)UC TIONI
AN.

160
140

'S

^**

"\

A!"
WAR] APR,

FEB.

120
100

VIAY

JUN.

JULY AUG

SEP.

DEC.

/f

«•

w

80 W; J J I i i i l
*-**•

100

/*

80
60

***•*

•

XV

•'

: I /it

I

40 -ijliV - L L L

1

.:

I ••

:

:

;

80

{

11

(

! ||

JJJ_

115

1 I 1

JJLL

r

150

:

;

IOO

125

—.

100
75

*s*

MlA>V* 1 1

120

••••

i no

y

UJ
*

1 1 !

I I

IOO

.
... . .
..

..•• ;•i, i

90 4J»£ ti£

"I"*

1

MM* I I I

in

100
70

1f 1

r^* "Jru/ »-£
1

r
h^>

,

• •\i

I

\
1u ^
%\1 r'
%.
••*•.
•v •"-.

90

.,

j

100

v ~*\

1

.*.

/ \
'*-. ..

/

•'*..

^

140

I

100

•

<HA>

bfe

9fr •

A /
NAf

^

^:, **.*

•W- j.u.

«•

**••

\.

I

0 IJAN. FEB/VIAR




1 M 1
APR.

11

"-

':".
*^
^^

•!

•.«..•

i-

90

i i

1

Mil
1

SEP

111

/

v -/

..
..

11

1 11

#>•

OCT.

I I
NOV DEC

!I

••**

11
.

—^/ *X" •>V
*.

90 ^v m*

W*

.....

111

'\

100

f*
.
.

•••"

f\

~~

^«** •*•*

..
/.

'•••

/

..
.

•/

BOND

no

80 ....

..
..

no • *.

PRICES

^w • mi

• •••

105

*\

100 <v&

n,

M,

BUSINESS FAILURES (NUMBER)

1RO N A ND S>TE E L C:OM POS ITE

190

PBl CES

IRD

95

%
JUN JULY AUG

-

•*

TIME MONEY RATES

120
'"""

80 Wi

inn

/
..?•'

^ fa
,\

,.
./

.....—
..

4W W4>

***r

RATES

130

no •w»iW^-

60

'**•

'.
.

*..

150
,'v ..^.

100

...
..

350 1

^
"*'.

••.•

...
...

CjonPON PRICES MIDDLING NEW YORK
COTTON RECEIPTS

100 V

•

/•

^^

CALL MONEY

120

"••••.

IOO
F
•..

r

••""'

V

160

m-

120

—

rV
•.-• '••

/

•\

•*••. .*..

25 ibW- j^_

5C

i

140

I*
f

I ..
"

:V

11 M 1 11

w'HEAT PRICE N02 RED WINTER

100

(5G

11

A
f». V-

JJL

no

IOO

•\

175

200

V

j^,

£

..
..

*,

90

250

DECJ

7

80

WHEAT RECEIPTS

250

/

'"'7"

FIS ^R'S WHOLESALE PRICE JNDEX

95

325

NOV.

I05

..
«.

400

300

1 11

A-

f

no
'-•.

OCT.

80

A -^

40 •7^
Ill

V

inr if
V

^

60

CAR LOADINGS

130

80

SEP.

AUG.

120

I20r

*»v
^—•

! 100
H

111

M M 1

Mil

JULY

FEDERAL RESERVE RATIO

;

HOG RECEIPTS

PEITROLEUM PRODUCTION (.DAILY AVERAGE)
I9rv

J

*«,

,
^

50 4^ jji. 1 1
1
^

DC
LU

r

BO ObW
1

CO

S*

^...

75

S

:.-..

/

I25

iT * •

no -H4-. •W-

ISO

^

BEEHIVE COKE, PRODUCTION

JUN.

L.OANSAND DISCOUNTS F.R.MEMBER BANKS
120

CATTLE RECEIPTS
1

40

MAY

^iL /L L
?¥>

120

1 * 1

60

'
\• \

: '

1
1

80

•

APR.

100

:

Ju

If

L

IOO

,.,

;
:

l:\: ': ."•

I •

(20

.« ..,-.

:

*

i^jJUlj

I40

y

JAN.FEB.MAR

140

\:

LUMBER, PRODUCTION

120

DEC.

NOV.

QCT,

ISO

t

V

*l"'

SEP.

AUG.

160

I60
tt.

APR. [MAY] JUMJ JULY

ANJFEB. MAR

200

•\

if

A^
"••J!

DEBITS TO ND VI D UAL AC COlJNTS

BUILDING CON! RA DTS

MOV.

OCT.

130 r-

-\

86 W*

JAN FEB

f\

100
MM

MAP

APR.

11
MAI

MM
( 11
JUN JULY AUG

926
,927

i
SEP

i i
OCT.

i i

1

!

NOV DEC

1 1 11 I I

70

FEB MAP

^

,

tit

APR.

^
r

\P

..
'

r'V

•••

MAY JUN JULY AUG

*..•
SEP.

11 I
OCT.

1 11
NOV

DEC.

WEEKLY BUSINESS INDICATORS

Call-money rates

Time-money rates

Debits to individual
accounts

106.3
106.1
106.4
106. 4
106.5

121.1
99.0
102.9
101.5
106.6

95 9
97.5
96.8
98.1

106 2 100 0
110.2 97 0
117.8 90.9
111.6 103 0

94 3
94.3
97.1
97.1

123.6
124.2
128.0
128.8

106.4
106. 5
105.5
106.4

83.8
92.9
98.3
98.3

113.1
112.5
112.1
111.9
111.8

97.2
94.6
96.6
98 1
95.0

115.1
118.2
117.4
117.8
105.4

115. 1 94.3
109 1 97.1
103.0 100.0
97 0 100 0
106 1 102.9

129.9
131.3
132.8
131.6
133.4

106.3
106.3
106.2
106.0
105.9

91.2
75.2
87.0
88 2
97.5

143.3 47.2
144.3 44.2
127.6 38.9
164.7 45.3
145.9 60.8

44.6
39.2
40.0
35.8
36.5

97.5
96.5
85.8
85.4
94.3

77.5
73.3
65.5
71.0
77.5

116.2
117.6
119.0
116.2
116.9

108 0
130.8
116.4
130 6

46 3
46.7
44.2
71 4

33 1 94 0
30 8 91.5
24.6 92.7
16 5 84.5

74 6
90.6
74.6
70 3

104.2 69 1
109.9 66.9
108.5 67.6
102.1 68.4

91 4
91.0
90.8
90.8

97.7
98.9
98.0
97.8

111.7
111.3
112.5
111.6

94.9 71.0 95.1 67.3
88.6 69.6
70.2
102.5 66.1 104.2 68.4
93.4 69 8 101.4 69.5
92.7 67.2 102.8 70.6

91.2
91.2
91.0
91.0
90.8

96.7
97.1
96.7
95.9
95.3

Receipts of wheat

Federal reserve ratio

Bank loans and
discounts

Wholesale price
index

Price of iron and
steel (composite)

Price of cotton
middling

Price of No. 2 wheat

122.3
120.4
119.5
119.9
122.5

Receipts of hogs

91.4
91.4
91.4
94.3
94.3

Receipts of cattle

93.9
93.9
90.9
97.0
97.0

Receipts of cotton

Building contracts

Carloadings

Petroleum
production

Beehive coke
production

WEEK ENDING
SATURDAY «—

Lumber production

Bituminous coal
production

[All data are given as relative to the weekly average for 1323 to 1925 as 100J

2

I I
ft
•d
1 d
OQ

S

i
05
£

B3
'5

3
tt

1936
May 1
8
29

93.6
92.7
95.4
95.2
99.4

June 5
12
19
26

88.9
98.8
97.5
101.0

100 5
107.3
109.5
104 5

July

97.4
85.2
103.8
104.1
108.2

100.5 66.5 97.8
80.9 71.8 97.6
102.3 74.3 98.6
99 1 69.4 99.4
104.5 71.8 101.6

111.9
94 0
113.0
113 2
115.0

108.9
137.1
141.2
116 3
163.6

110.7
173.6
179.4
242 5
323.5

18.6
13.1
20.0
20 0
25.4

104.1
109.1
108.1
115.1

105.5
106.4
105 5
108.2

67.8
66.5
74.7
73.9

102.8
103. 8
104.2
104.5

113.0
115.7
113 6
118.5

105.3
131.8
131 6
171.4

296.8
235 2
175 5
137 0

22.7 74.4
43.8 97.5
53 5 101 3
61 2 102.2

69.8
66.1
66 9
59.0

97.9
96.5
95.8
95.8

69.5
65.4
66 9
70.2

90.8
90.8
90 8
90.8

95.1
94.8
94.7
95.3

112.6
112.9
112 5
112.6

97.3
97.2
96 9
97.3

115.5
106.0
111 4
102.5

109.1
109 1
109 1
115.1

102.9
105. 7
108 6
108.6

135.5
137.5
138.7
137.2

106.2
106.2
106.0
106.0

92.1
91.2
88.9
89.9

113.0 104.5
105.2 95.0
117.5 104.5
120.2 106.4

75.1
74.3
80.0
80.4

105.4
104.8
104.3
104.2

120 1
107.5
123.8
123 4

125 7
167.7
140.5
156 2

162 1
153 2
147.6
122 4

101 9
113 8
195.4
249 2

122 2
119.9
132.0
139 2

59 9
59 8
63.2
59 5

93.7
94.4
96.
96.

68 8
68.0
62.9
55 9

90 8
90.7
91.3
91.5

95 0
95.6
95.4
95.1

113 5
113.6
114.5
114 1

96 0 102 3
95.9 92.2
92.4 115.6
94.3 119 1

115 1
121 2
121.2
127 3

111 4
111.4
111.4
114 3

137.2
140.1
138.8
139.0

106.2
106.2
106.1
106.0

92.6
73.5
80.3
82.6

123.2
126.9
127.1
130.4
138.4

75.1
84.9
82.0
81.6
80.0

105.3
105.8
107.2
109 7
111.9

123.7
123 6
126.2
126 1
126.9

150.7
122 6
161.6
138 6
146.4

116.0
109 6
91 8
109 3
118 0

321.5
360 4
359 2
353 5
328 1

129.1 58.6 97.
144 9 63 5 96.
140.8 66 3 97.
141 8 74 0 100
149.4 78 9 100.

52.6
48 2
50.0
46 3
46.7

91.4 95.4 115. 2
91 4 94 9 115 3
92.1 95.3 115.3
92 1 95 5 115 0
92.2 96.5 114.5

93.7
95 1
94 3
95 6
95 0

108.5
130 3
107.7
131 9
115 8

133 3
115 1
124 2
103 0
109 1

114.3
114 3
117.1
114 3
111.4

140.5
136.3
134.4
132.9
134.6

105.8 81.8
105.8 96.1
106.0 92.1
105. 8 105.9
106.3 105.7

134.5 102.3 78.4 113.2
141.7 99.1 82.4 112. 5
146.5 99.1 83.7 113.8
137.6 88.2 80.8 114.8

118.6
116 1
112.5
98 3

127.7 104.1 320.0 123.7
121 3 96 6 307 7 137 0
119.1 77.2 305.4 131.3
163 0 73 8 278 1 96 8

79.5 99.
85 1 97
79.4 95.
75 0 97

46.7
48 2
47.8
48 2

92.5
92 8
92.9
93 0

93.9
95 5
95 1
94 6

111.8
115 5
118.2
112 2

109 1
106 1
112 1
115 1

108.6
105 7
105.7
105 7

136.2
138.1
138.2
140 4

106.6 94.3
106.7 103.9
106.9 112.3
107.1 97.5

118 2
118 2
118 2
136 4

105. 7
105 7
105.7
105 7

140.9
142 4
144.4
145.2

107.1
107.2
107.3
107.4

113.8
114.5
103.9
120.6

..

15

22

310
17..

24

31

Aug. 7
14..
21

28

Sept. 4
11
18
25

Oct.

..

2..

9

16

23

30..
Nov. 6
13

20

27

Dec. 4

106.4 85.7
104.5 86.5
106.4 82.9
107.3 88.2
108.6 79.2

103.2
106.4
105.5
103 2
105.5

95.5
95.7
96.0
95.4
96.5

103.8
103.9
107.4
108.4
112.8

79.6 96 4 98 7
80.0 96.7 110 6
75.1 96.5 108.9
76.3 97.0 110 8

69.5
70.6
69.9
69.1
69.5

92.7 96.7 111.6 97.7 106.4
92.7 97.3 112.1 96.1 121.8
92.6 98.0 111.7 97.7 108.6
92.1 98.4 111.2 97.3 113.9
91.8 98.2 111.0 98.1 107.8

98.8
98 4
96.0
96 2

115.0
114 5
114.3
114 6

150.6
144.6
138.3
107.6

98.2
96.4
90.0
75.9

78.0
75. 1
71.8
59.6

114.7 110.4 83.9
115.0 104 2 117 4
115.1 99.1 176.0
115.3 80 6 90 9

68.5
71 4
61 8
50 2

281.5 110.8
260 8 101 9
237 7 103.5
203 5 71 5

96 8
99 7
90.0
78 7

97.
98 6
97.9

44.5
45 2
46.3
47 8

92.9 96.2
92 4 95 9
92.3 94.7
92 1 94 3

115.0 93.2 108.8
114 8 93 0 114 5
115.1 89 9 118.7
115 5 88' 9 126 7

109.9
136.0
139.3
138.3
138.9

53.2
75.9
85 9
86.8
82 7

70.2
69.4
73 9
75.9
77.6

114.6
114.7
114 8
114 7
113 8

77.2
98 1
99 1
98 3
99 2

53.0
59 0
60 0
58 4
65 1

191.5 64.2 71.6
133 5 87.3 100 9
150 8 93 0 110 6
159 6 94 9 98 9
140 8 87 7 97 7

97.9
95.1
97.2
98 6

47.8
48.2
49 6
50.0
50 4

92.0
92.0
91 3
90.5
90 3

94.0
93.9
93 4
94 0
93 3

116.6 90.5
116.7 91 6
11$ 4 97 3
114 2 99 2
113 6 102 7

106.1 133.3
143 2 115 1
120 4 103 0
119 4 100 0
111 1 97 0

105.7
102.9
102 9
102 9
102 9

144.4
142.2
142 9
143.0
141.0

107.3
107.5
107.8
108.0
108.0

109.1
121.4
142.8
150.4
146.7

139.4
138.4
135.4
131.0

88 2
90.9
94.1
92.3

76 3
76.7
78.0
77.1

115 3
118 2
118.7
119 3

101 3 77 9
101 0 99 7
100.2 112 2
96 3 134 6

77
62
72
55

122 3
120 4
105 8
119 2

84 2
78 8
83.5
82 3

90 0
86 0
77.5
87 7

97 2
96.5
96.5
96 5

51 5 90 1
51 8 89 5
52.2 89.2
52 6 88 7

92 7
92 9
91.4
91.0

113 8
113.2
113.0
113 2

101 3
102 6
101.2
103 4

127 9 97 o
111 5 97 0
113.9 97 0
102.2 100 0

102 9
102 9
110.0
102 9

143 9
145.6
148.1
149.7

107.8
107.6
107.7
107.6

140.0
145.9
118.9
109.1

Mar. 5
12

136.1 90.0 76.3
141.4 92.3 79.6
133.6 93.2 83.7
137.2 92.3 81.6

118.3
118.1
118.2
118.2

103.8 72.9 57 7 96 9
104.9 123.3 61.8 103.8
105.0 161 6 51 1 97 7
105.2 147 5 31 8 88 5

76.6
76.9
78.2
79 1

82.0
81.8
85.1
76 9

96.5
95.8
94.4
93.0

53.3
52.2
51.8
52.9

88.8 91.4 114.4
88.9 91.0 114. 3
89.1 89.8 115. 1
89.1 90.3 114.9

101.3
102.8
101.9
102.2

134.2 100.0 100.0 150.3 107.5
114.4 97.0 102.9 150.3 107.7
123.7 97.0 102.9 152.2 108.0
118.7 106 1 102.9 152.1 108.4

117.9
113.8
115.5
120.9

Apr. 2

113.4
84.7
82.1
81.4
86.4

83.5 81.7
80 7 75 3
79.4 61.9
86 1 79.5
80 1 77 0

93.0
94.4
93.0
95.1
95.8

52.9
53.3
53.3
55.5
56.3

89.1
88 9
88.9
88.5
88.5

90.3
90.7
90.2
89.8
89.8

114.9
115.2
114.8
114.5
114.8

101.7
102.8
101.7
102.6
102.6

110.0
129.8
117.9
118.2
114.4

154.3
157. 6
159.7
161.3
159.2

108.6
108.8
108.7
108.7
108.6

121.4
107.9
114.5
106.9
117.4

58.8 88.6
58.1 89.0
59.6 88.9
61.8 88.6

90.2
89.8
90.1
90.0

115.9
115.6
115.7
115.5

100.6
103.2
102.3
101.7

131.0 97.0 100.0 161.6
114.4 106.1 100.0 164.0
123.9 97.0 100.0 166.2
114.8 109.1 100.0 168.9

108.8
109.1
109.0
108.9

105.9
108.6
109.1
110.3

62.1 87.9 90.2
62.9 88.7 90.3
61.8 88.6 90.3
61.8 88.5 89.6

117.0
116.7
117.2
117.0

99.1
99.6
98.6
101.8

110.4
122.4
121.6
120.5

62.9
63 2
66.2
68.4

117.8 100.1 114.6 112.0 105.7 165.5 108.1 104.2
117 5 99. 1 131.5 100 0 105.7 169.9 108.3 76.9
116.0 100. fi 120.9 97.0 105. 7 173.0 108.4 109.8
116.0 101.7 119.0 81.2 102. 9 174.5 108.4 101.7

11

18

25

1927
Jan.

1
8

15
22
29

Feb

5

12

19

_-.

26

19
26

138.5
107 4
97 3
89 6
118 4

6
5
5
5

90.9
97.3
97.3
90.0
96.4

80.0
78 8
71.8
69.0
71.8

119.0 103 5 153 6
119 0 100 1 187 2
117.8 99.8 156.9
119.0 99 6 153 1
120 0 107 1 182 5

84.0 102.3
86.2 101.4
84.9 99.1
87.0 103.2

63.3
60.4
62.9
51.0

120.3
119 4
119.0
119.9

106 8
107 3
106.1
107.1

115 5 45 3 79 2
149 2 45 2 66 5
141.1 66.7 55.0
193 4 62 0 36 9

June 4 _
11
18
25

75.7 96.4
87.5 101.4
85.0 97.3
87.0 99.1

60.4
57.6
55.9
53.5

120.4
119.9
120.5
120.5

95.0
107.3
106 0
106.2

83.8
145.8
145 6
154.2

62 1
51.5
50 7
52.3

41 9
38.1
38 8
38.1

88.3
83 2
80.4
80.1

95.8
94.6
74 4
86.4

July 2
9
16
23 . _
30

81.9 90.9
67 5 73 6
84.6 105.5

42.0 121.7 106 5 178 6 96 3
46 5 121 7 87 5 127 0 107 5
43.3 122. 1 106.1 148.8 130.3
123.6
146. 5

36 2
38 8
28.1
33.5

73. I
56 6
90.8

89 7 100.7
70 3
79.0 102.8
100.7

9

16

23
30

May

_

7

14

21
28 —

„

48 7
43 9
37.5
42 9
41 3

83 8
65 8
69.6
76 5
70 4

88 6 80 7 99.3
89 9 82 7 100.7
87.0 76.1 100.7
91.5 90.1 105.6

104.2
100.7
102.1
103.5

88.2
88 1
87.9
87.9

89.3
90 0
90.4
88.7

109.1
109 1
109.1
97.0
103.0

109.1
100.0
97.0
97.0

102.9
97. 1
100.0
102.9
100.0

100.0
100.0
102.9
102.9

170.2
170.0
168.2
167.4

108.7 90.9
108.4 108.4
108.3 98.8
108.2 104.4

1
Sources of data are as follows: !
associations, from the National Lum
Railway Association; Building contracts from j.. ..
„
,
,
,
_. „. .
.
.
f
A.
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 and Time-money rates, and Bond prices from Wall Street Journal; Stock prices from Annalist: Business failures from R. O. Dun &
Company.
"' The actual
 week for all items does not always end on same day.



WHOLESALE PRICES FOR SPECIFIED COMMODITIES
[Relative numbers, 1926 monthly average taken as 100. June, 1927, is latest month plotted]

WHEAT. WINTER

120
•

100
80
120

100

••

•

-

MM

FLOUR, WINTER

••

••

**

.
.
••

•• mat

M <
B

•Ml S

• i
H

'"

••'

^

..
.
••

SUGAR, RAW

120

• l
M

, •»
.

•
•

100

••'

**i

^

, ,••'

• l
M

•
^ • **

.
.

.. \

••. •*'

i MM
i

'

•'

•,
.
.
*

• I
M

**l *««

••,

RUBBER, CRUDE

\
'•f

*»e

\t

a&

•.

sr

"

80

••

t»

*

'•

..
.

7C .4

/

•^ •»•,

..•

,•

'"

140

.•

HAMS, SMOKED (CHICAGO)

HEAVY

^
COTTONSEED OIL

SUGAR, GRANULATED

OATS

s
— •• **

'*

• • ••

*% ^» ••
•**

'"

80

.

....

X,

•• • • ••

HOGS,

12 L4

12 ).l

160

/

f 13 .6

B«i

JLU
^"

BEER CARCASS

^CATTLE, STEERS

X^

CORN, NO. 2

*•

•

• • • *i • •

..
.

•**, S «*e?

••

s%

.
-.,

60

•

110

»•

••

••

5 90

/

80

^

yX

-*

\

.

\

•• ••

SILK, RAW

...

.. ••
..

*•

••

•, '»t

PETROLEUM.

BOOTS AND SHOES, (ST. LOUIS)

s
,t

/

12 3.4

f

•

••
^i*

80

\

60

/

s^

-

90

TIN

V
i ,•MM
^

^
fl5tt'o:>-zj(36:^>c

I1 1 !

••• ^

^* X

'*

.« ••
•''

^
«.

..( .'

/\

•H V,

.'•

k
•'

.
.

x

ZINC
'-.

•

,»'

:t
• fc

•• (

•• SSI ^8( .4 8 2 8 8

CEMENT, LEHIGH

•., « ,(

^V, • *

80

X
•* '

1 ^IB ER, PINE, SOUTHERN
_ur

*•

90

*•<

^

STEEL BEAMS

^ %I^MM mmt

•^

1NGOTS

^^ ^^ ^s J

• • • • •'"

•

*
•• • «

"*l

COKE

89.4

^B SB

•%

100

IT8 6

** 1

'" \

cJOF PE R

PIG IRON, FOUNDRY
••'

s
*•

• •<

'"

s,

Vfc

.•'

COAL, BITUMINOUS
,

100




V

LEATHER, SOLE, OAK

•.

,•
*

i

110

^

*

HIDES, PACKERS'

t.

'-.

<

110 >••

•

1

80

100

*•«

WORSTED YARNS.

120

120

•a

»•

\

•. ...

UJ

100

\

..
•** s

(BOSTON)

***

§ 70 ^
c

**•

**

*• *

r

mm

•
•

•

»•

'»t

'
.

/

• •,

••

•t

S

WOOL, \A GREASE

COTTON PRINT CLOTH

••
•• t«

fioo
ui

COTTON YARN

COTTON, RAW

120 • »

•.

*»

.6

B RIC)K, COMMON, NEW YORK
•••

s

S

•.

V
\

.
'•., • •< .

I § i s 1 1 M i ni jn 1 1 1 i i 1 a n' \ I I I 1 i 1 i H \

I \ S 3I S 1 8

\

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics; nonferrous metals
from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to producer or at mill.
RELATIVE PRICE
ACTUAL PRICE

(dollars)

1913 average =100

Unit

COMMODITIES

1926 average =100

May,
1927

June,
1927

June,
1926

May,
1927

June,
1927

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

156
118
245
116
120
122
126
195

164
144
320
123
121
120
112
196

175
111
318
134
146
111
171
198

91
104
79
92
96
111
80
103

96
127
103
98
97
110
71
103

1.51
1.45
1.00
.50
.92
1.15
16.88
.168
.42
11.83
8.69
5.16
13.25

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

162
146
140
135
143
178
136
127
164
135
113
126
191

166
147
160
134
147
180
128
131
168
139
104
110
170

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

95
93
115
119
129
118
80
93
89
120
77
90
108

97
94
132
116
131
120
75
96
91
124
70
78
97

7.83
6.96
.048
.060
.091
.170
.184
.259

7.91
7.06
.046
.060
.092
.170
.185
.246

8.68
7.39
.041
.054
.156
.160
.162
3.40

171
181
138
141
125
131
140
156

173
184
132
142
127
131
141
148

189
192
118
127
215
124
124
205

93
96
112
109
82
104
117
84

94
98
107
109
82
104
118
80

Pound
Yard
Yard
Pound
Yard
Yard
Pound
Pound
Pound . _
Square foot_.
Pound..
Pair
Pair

.335
.071
.082
1.33
.975
3.29
5.39
.168
.177
.48
.45
6.40
4.85

.346
.073
.084
1.33
.975
3.29
5.19
.195
.201
.48
.49
6.40
4.85

.349
.073
.093
1.40
1.050
3.29
5.88
.133
.167
.45
.43
6.40
4.98

135
133
133
171
208
213
148
91
94
178
100
206
353

140
138
137
171
208
213
143
106
107
178
109
206
153

141
138
152
180
224
213
162
72
89
167
96
206
157

94
93
88
92
95
97
91
119
102
107
102
100
99

97
96
90
92
'95
97
87
128
116
107
111
100
99

Short ton. __
Long ton
Short ton. __
Barrel

3.64
10.58
2.94
1.155

3.64
10.77
3.17
1.155

3.39
11.47
2.84
2.050

166
199
121
124

166
203
130
124

154
216
116
219

101
92
71
61

101
94
77
61

Long ton
Long ton
Long ton
Pound
Pound
Pound
Pound.

20.26
18.20
33.00
.1262
.0662
.6394
.0608

19.89
17.88
33.00
.1237
.0641
.6423
.0621

19.71
18.00
35.00
.1366
.0803
.5841
.0711

127
124
128
83
151
147
111

124
122
128
81
147
147
113

123
122
136
89
184
134
129

98
98
94
91
79
101
83

96
96
94
90
76
101
85

39.32
16.56
15.50

38.96
16.34
13.50

44.63
16.50
17.00

171
180
236

169
178
206

194
179
259

87
101
96

86
99
83

158
126
37
75

158
123
34
75

163
123
43
75

97
97
79
103

97
94
73
103

May,
1927

June,
1927

June,
1926

1.232
.730
1.460
.139
26.05
.0717
.0941
.1192

1.301
.889
1.910
.148
26.27
.0708
.0840
.1195

1.48
1.44
.87
.51
.90
1.13
18.00
.163
.41
11.44
9.45
5.90
14.85

Barrel
Barrel
Pound..
Pound
Pound . .
Pound
Pound . .
Pound

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

_

_

_

Bushel
Bushel
Bushel
Pound
_.
Ton
Pound.. .
Pound
Pound..

FARM PRODUCTS-MARKET PRICE
Wheat, No. 1, northern spring (Chicago)
Bushel
Wheat, No. 2, red, winter (Chicago)
_
.
__ Bushel _
Corn, contract grade No. 2, cash (Chicago)
Bushel
Oats, contract grades, cash (Chicago) __ _
Bushel
Barley, fair to good, malting (Chicago)
Bushel
Rye, No. 2, cash (Chicago)
Bushel
Cwt
Tobacco, burley, good leaf, dark red (Louisville).. _
_ .
Cotton, middling upland (New York)
Pound
Wool, Y± blood, combing, Ohio and Pennsylvania fleeces (Boston)
Pound
Cattle, steers, good to choice, corn fed (Chicago)
Cwt
Hogs, heavy (Chicago)
Cwt
Sheep, ewes (Chicago)
Cwt
Sheep, lambs (Chicago)
Cwt
FOOD
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City) . _ .
Sugar, 96° centrifugal (New York)
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime summer yellow (New York)
Beef, fresh carcass good native steers (Chicago) -.
Beef, fresh, steer rounds, No. 2 (Chicago)
Pork, smoked hams (Chicago)

.
. .
_

CLOTHING
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston).
Cotton-print cloth, 64 x 60-38^"-5.35—yards to pound
Cotton sheeting, brown 4/4 Trion (New York)
Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston)
Woman's dress goods, French, 39 inches at mills, serge
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)__
Silk, raw Japanese, Best 1/x (New York)
Hides, green salted, packers' heavy native steers (Chicago) Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)..
Leather, chrome calf, dull or bright "B" grades (Boston).
Leather, sole, oak, scoured backs, heavy (Boston)
.
Boots and shoes, men's black calf, blucher (Massachusetts)
Boots and shoes, men's dress welt tan calf (St. Louis)
FUEL
Coal, bituminous, mine-run Kanawha (Cincinnati)
Coal, anthracite, chestnut (New York tidewater)
Coke, Connellsville (range of prompt and future) furnace— at ovens. ._
Petroleum, crude, Kansas- Oklahoma—at wells
METALS
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Lead, pig, desilverized, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slab, western (St. Louis)
BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg district)
Mfeet
Lumber, Douglas fir, No. 1, common s 1 s, 1 x 8 x 10 (Washington)
Mfeet
Brick, common red, domestic building (New York)
ThousandCement, Portland, net without bags to trade, f. o. b. plant (Chicago
district)
Barrel
Steel beams, mill (Pittsburgh)
Cwt
Rubber, Para Island, fine (New York)
Pound
Sulphuric acid 66° (New York)
Cwt




1.60
1.90
.300
.75

1.60
1.85
.278
.75

1.65
1.85
.344
.75

8
MIDYEAR STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1923-1927
The following table contains a review of production
and distribution by principal industries and branches
of commerce for the first half of 1927, with comparisons

since 1923. A similar presentation for the entire year
1926, and comparisons since 1922 was given in the
February, 1927, issue of the Survey.

VOLUME OF PRODUCTION AND DISTRIBUTION IN 1927, JANUARY-JUNE, INCLUSIVE
1923

ITEM

1924

1925

1926

1927

FOODSTUFFS

1923

ITEM

1924

1925

1926

1927

BUILDING AND BUILDING MATERIALS—

Corn grindings (hu. — 000 omitted) _ _ _ _ 33, 445
Sugar meltings (long tons—000 omitted) . 2,493
Fish catch (Ibs.— 000 omitted)
82, 493
Meat production, inspected slaughter
(Ibs.—000,000 omitted):
2,447
Beef products
-_
Pork products
-_
4,726
Lamb and mutton products _ _ _ _ _ .. 225
Cottonseed oil production (Ibs.—000,000
378
omitted)
_
Wheat flour production (bbls.— 000,000
56
omitted)

38, 830 34, 342 38, 746 38, 624
2,734
2,637
2, 452
2,718
94, 901 113, 488 120, 839 138, 898

2,438
4,735
219

2,570
3,948
233

2,754
3,845
248

2,602
4,151
241

386

631

734

853

60

56

56

55

continued
Brick production (000 omitted):
Face brick (average per firm)
Cement (bbls.—000 omitted):
Production
Shipments
Sanitary enamel ware shipments (pieces—
000 omitted):
Baths_ .
Lavatories
Sinks _

4,009

3,730

4, 153

4,076

4,353

62, 731
62, 562

66, 787
62, 496

72,842
70,086

71,824
71, 105

74, 887
74, 707

540
608
665

600
748
802

632
745
773

618
717
709

580
642
665

1,800
190

1, 775
187

1,866
216

2,070
235

1,779
249

20, 494
25, 130
472

18, 943
23, 480
378

23, 401
30, 284
399

23, 161
29, 674
319

761
9,783

754
7,188

763
7, 741

844
6,514

772
7,899

110
451

111
422

114441

97
352

159
535

\UTOMOBILES AND TIRES

TEXTILES

Consumption (000 omitted) :

353
3,541
195

263
3,345
240

240
3,396
237

280
3,804
275

2,672

2,125

2,574

2,501

2,919

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

Silk (bales)
Production (000 omitted) :
Fine cotton goods (pieces)

264
2,816
167

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

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

29, 812
19,847
24,154
1, 775
40

28, 352
19, 431
23, 616
1,825
37

Automobile production (000 omitted) :
Passenger cars.
_
Trucks
___
Eubber tires, production (000 omitted):
Inner tubes..
Solid and cushion

_ _

METALS
MISCELLANEOUS

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

274, 544 277, 474 293, 192 319, 300 317, 425
352, 819 393, 107 429, 792 433, 198 426, 988

--

1,220
712

1,178
499

1,283
463

1,269
552

1,253
505

1,521

756

619

901

570

RAILWAY EQUIPMENT

Locomotive shipments (number) —
PRODUCTION OF FUEL AND POWER

Coal (short tons—000 omitted):
Anthracite
Bituminous. _ _
Coke (000 omitted— short tons):
B y-product
Petroleum products (000,666 omitted):
Crude petroleum (bbls.—42 gal.)
Gasoline (bbls — 42 gal )
Kerosene (bbls —42 gal ) _ Lubricants (bbls .—42 gal .)
Gas and fuel oil (bbls.—42 gal.)
Electrical energy, central stations (Kw.
hours—000,000 omitted):
Total
By water power
By fuels
-- -

50,041 44, 757 43, 969 36, 254 40, 903
282, 865 235, 260 234, 886 267, 506 276, 629
10, 856
18,901

6,493
17, 534

5,303
19, 751

6,617
22, 015

4,418
22, 111

342
88
27
13
138

355
105
29
14
157

370
125
30
15
175

359
143
31
16
174

438
161
28
15
193

27, 347
10, 161
17, 186

29, 105
10,441
18,664

31, 633
11, 373
20,260

35,547
13, 148
22, 399

38, 871
14, 811
24, 860

363
2,099

390
2,322

407
2,660

434
2,990

411
3,073

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

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 1

2,724
3,302
273
677
853
297
101
271
245
62
272
53 I

2,549
2,959
224
467
756
299
107
228
244
60
229
55




DISTRIBUTION

Sales (dollars—000 omitted) :
4 mail-order houses
_ _
209,018 216, 278 235, 947 253, 941 254,416
5 ten-cent chains
144, 212 161, 290 180, 515 197, 275 217, 861
27 grocery chains _
310, 061 344, 991 421, 153 514,464 624,450
Advertising, agate lines (000,000 omitted):
Magazine
14
14
13
12
13
Newspaper, 22 cities
644
619
594
600
596
Postal receipts (dollars—000,000 omitted) .
179
185
166
149
155
Foreign trade of United States (dollars—
000 ,000 omitted):
Imports

1,946
2,088

2,090
1,850

2,363
2,064

2,207
2,303

2,367
2,124

135
157
143

132
149
144

147
158
152

141
153
162

127
145
156

PRICE INDEX NUMBERS

BUILDING AND BUILDING MATERIALS

Contracts awarded (36 States—000,000
omitted) :
Total floor space (sr ft )
Total value (dolls )
Lumber production (board feet— 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
- -

Production (000 omitted):
Newsprint paper (short tons)
Sole leather (backs, bends, and sides).
Naval stores, receipts (barrels—000
omitted) :
Turpentine
Rosin

^Monthly averages, relative to 1918)
Farm prices
Wholesale prices (404 commodities)
Retail food prices (22 commodities)
BANKING AND FINANCE

Securities:
Sales (000,000 omitted)—
Stocks (shares)
202
279
218
133
115
Bonds, total (dolls )
1,868
1,626
1,982
1,548
1,796
Prices, monthly average (dolls.)—
25 railroad stocks. _ _
79.22
89.55 108.96
62.80
61.93
25 industrials .
111.50 109. 31 138. 83 160.83 194.37
40 bonds _
_ _
77.04
79.88
82.78
72.27
72.86
Banking and insurance (dollars—000,000
omitted):
Life insurance, new business
5,668
5,819
5,133
4,129
4,456
Debits to individual accounts—
Outside New York Citv
113, 932 118,971 124, 737 133, 517 138, 527
New York City
125, 871 127, 532 154, 042 172, 424 189,474
Interest rates, mo. average (per
cent)—
4.25
4.43
3.91
4.85
New York call loans
3.90
4.15
4.05
4.92
3.83
Commercial paper 60-90 davs
4.50
Business failures:
282
239
210
259
304
Liabilities (dollars—000,000 omitted) .
Firms (number)
9,724 10, 785 11,420 11,476 12, 296

MID-YEAR STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1924-1927—Continued
STOCKS OF COMMODITIES HELD AT MID-YEAR INVENTORY PERIODS
19 34

19 55

192 7

19 36

TT-nit

June

June

May

June

42,644
27, 172
29, 956
6,944
39, 299
21,840
657
429, 803

59, 418
1,025,158
2,917
337, 110
23, 751
84,953
36,496
6,800
9,184
6,322
471
15, 113
152, 520
74,184
61, 755
45, 239
33, 565
8,685
34, 886
27, 115
760
302, 640

74, 618
886, 713
1,913
325, 906
44, 339
100, 085
36, 911
5| 700
18, 676
37, 520
1,809
8,507
138, 295
13, 036
42, 888
29, 550
29, 544
7,712
68, 126
23, 749
537
363, 747

61, 554
884,574
1,535
376, 868
22, 363
65, 121
30, 420
5,900
16,040
37,530
1,657
7,181
145, 919
63, 687
61, 992
46, 468
38, 379
9,482
58, 562
31, 980
713
223, 542

52, 579
681, 296
1,697
519, 595
29, 437
285, 307
20, 125
6,400
27,469
39, 995
2,393
9,984
106, 824
30, 561
52, 167
39, 346
34, 815
7,236
42,808
21,540
583
1, 179, 488

48, 688
722, 703
1,871
541, 467
15, 142
229, 855
13, 273
6,500
32, 279
38, 768
2,835
10, 748
120, 527
86, 897
68, 771
54,069
45,688
9,133
• 36, 730
31, 345
647
975,043

50,413
899, 826
1,210
370, 898
73, 031
149, 467
30,002
6,300
31, 528
22, 350
947
2,213
111, 976
25,404
50, 864
35, 826
71,453
8,962
61, 525
29, 782
743
1,400,980

i 371, 158
2,284
27,074
6,494

410, 381
1,832
24, 843
6,557

* 305, 958
2,483
42, 517
6,235
1,252

382, 596
1,885
44, 016
6,039
1,279

i 331, 324
4,414
31, 143
6,128
1,379

397, 446
3,679
29, 111
6,397
1,484

i 291, 657
4,663
35, 527
7,914
1,527

Thous. of long tons
Short tons _ .
Barrels
Short tons __
Long tons ._

21,608
132, 867
46, 555
42, 364
4,067

26,410
128, 241
49, 160
49, 684
3,933

21,049
133, 513
48, 340
21, 210
1,404

25,404
132, 552
54, 373
22,906
2,054

17, 387
178, 539
44, 021
29, 934
1,739

21, 512
176,428
46, 751
25,760
2,409

22,971
173, 986
62,435
42,046
1,604

26, 973
168, 155
52, 094
43, 858
1,519

M feet b. m
.
M feet b. m.
M feet b. m
M feet log measure
M feet b. m.
M feet b. m
Tons ._
Thous. of bbls
Thousands _
Thousands
Number
Number
Number
Barrels
Barrels. _

1, 129, 893
483, 814
9,355
3,801
49,706
25, 243
3,247
16, 403
1,473
122, 303
64,399
134, 088
116, 828
23, 595
234, 644

1, 153, 375
538, 991
10, 168
3,694
50,189
25, 406
2,878
14,903
1,448
111,637
65, 093
140,810
129, 862
32, 499
241, 108

1, 152, 617
493, 023
19, 332
4,734
51, 254
29, 165
3,378
18,440
1,688
131, 689
119, 104
232, 811
286, 317
26, 761
161, 970

1, 184, 431
545, 982
19, 515
4,374
53,494
28,504
3, 075
16,409
1,589
126, 038
101, 925
227, 018
279, 287
35, 402
210, 059

1,102,498
521, 237
16, 974
2,151
60,282
31, 689
4,269
21, 255
2,082
123, 808
164, 614
249, 171
307, 405
26, 719
85, 026

1,086,086
605, 169
16,992
2,961
59, 737
30,290
3,054
19,000
2,028
115, 971
158, 897
248, 959
294, 587
36, 532
112, 514

1, 218, 391
482,405
10, 915
2,882
51, 430
25, 055
2,806
23,482
2,507
81,606
158, 014
243, 959
303, 586
47,264
153, 445

1,208,417
551, 687

34, 718

33, 487

32, 037

31,864

18, 207

18, 852

24, 233

26,549

i 1, 976, 569
1 1, 485, 969
i 420, 936

1, 843, 737
1, 327, 852
442, 696

i 2, 035, 678
1 1, 522, 217
1 422, 966

1, 847, 225
1, 337, 784
423, 975

2, 040, 067
i 1, 531, 617
i 433, 479

1, 868, 296
1, 372, 438
424, 460

2, 081, 695
i 1, 570, 595
i 421, 699

1, 844, 462
1,371,003
372, 758

May

May

May

June

FOODSTUFFS

Beef products
Pork products
Lamb and mutton
Sugar (raw at refineries)
Cottonseed oil (crude).
Cottonseed cake and meal
Wheat (visible, United States)
Wheat flour
Corn (visible, United States)
Oats (visible, United States)
Barley (visible)
Rye (visible) ___
Lard
_ _
ButterCheese, all varieties
_
Cheese, American
Eggs, frozen
Eggs, case
Poultry
_
Fish
Coffee (visible, United States)
Rice (domestic)

_

_ _

Thous oflbs
Thous. of Ibs
Thous. of Ibs
Long tons
Thous. of Ibs
Short tons
Thous. of bush
Thous. of bbls
Thous. of bush
Thous. of bush
Thous. of bush
Thous. of bush
Thous. of Ibs .
Thous. of Ibs
Thous. of Ibs .
Thous. of Ibs
Thous. of Ibs
Thous. of cases _
Thous. of Ibs
Thous. of Ibs
Thous. of bags
Thous. of pockets

66, 069
1, 019, 058
2,273
342, 197
52, 130
119, 939
45, 258
6,400
13, 480
7,427
768
16, 978
127, 949
22, 328

_

_

_
_

43, 716
978, 961
1,372
449, 069
32,014
102, 595
23,544
6,250
36, 239
18, 110
1,143
947
146, 250
90,116
66, 819
49,643
81,303
10,554
50,059
36, 752
788
1, 181, 230

CLOTHING MATERIALS

Wool, grease equivalent (mills and dealers)
Cotton (mills and warehouses)
Silk (warehouses)
Hosiery
Knit underwear .

Thous. of Ibs
Thous. of bales
Bales
Thous of doz pairs
Thous. of dozens

-

3,772
37,024

METALS

Iron ore
Steel sheets
Steel barrels
Zinc
Tin (United States) _ _
CONSTRUCTION MATERIALS

Yellow pine
California white pine..
Walnut lumber
Walnut logs
Oak flooring
Maple flooring.,.
Roofing felt
Cement
_
Face brick
Paving brick
Baths (enamel).__
Lavatories (enamel)
Sinks (enamel)
Turpentine (3 ports)
Rosin (3 ports)
__

58, 276
25, 061
3,181
20,844
2,625

132, 496
212, 883
260, 412
52, 340
165, 991

PAPER

Newsprint (at mills)...

Short tons

TOBACCO

Total
Chewing, smoking, and snuff
Cigar types

Thous. oflbs
Thous. of Ibs
Thous. of Ibs

1

1

i Quarter ending Mar. 31.

UNFILLED ORDERS FOR SPECIFIED COMMODITIES
JUNE 30—
COMMODITY

Unit
1924

H osiery
Knit underwear
Sheets, blue, black, and galvanized
Steel (U. S Steel Corporation)
Locom otives
Oak flooring — _ Maple flooring
Baths (enamel).
Small ware (enamel)
_ .
Face brick
Paving brick
__




Thous. of doz. pairs.
Thous. of dozens
Short tons
Thous. of long tons.
Number
M feet b. m.
M feet b. m
Number
Number
_
Thousands
Thousands. _
_

4,673

246, 810
3,263
548
36,093
9,596
181, 907
458, 182
1,109
99, 314

1925

1926

1927

8,302
2,935
440, 687
3,710
411
50, 092
9,498
111, 797
252, 991
1,153
82, 239

6,229
2,391
422, 237
3,479
667
41, 744
9,317
80, 050
172, 026
1,130
75, 283

399, 562
3,053
393
37,983
11, 634
42, 214
113,021
1,113

DECEMBER 31—

Percentage
change
June, 1927,
from
June, 1926

1924

.

-5.4
-12.2
-41.1
-9.0
+24.9
-47.3
-34.3
-1.5

1925

1926

6,673
2,906
663, 460
4,817
439
53, 295
12, 735
89, 402
254, 625
644
44,059

6,206
2,736
677, 907
5,033
708
61, 103
9,076
83.831
189, 157
770
46, 608

5,100
1, 562
529, 940
3,961
398
35, 995
7,669
49,804
127, 104
673
50, 701

10
NEW BUILDING CONTRACTS AND AUTOMOBILE PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]

10

FACTORY EMPLOYMENT, MANUFACTURING, AND ELECTRIC POWER PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]

60




MINERAL PRODUCTION AND RAILROAD TON-MILEAGE
[Relative numbers, monthly average, 1923-1925, taken as 100]

11
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, while further details are
given in the table entitled "Indexes of Business" on page 22]

1926

YEARLY AVERAGE

1923

PRODUCTION:
Manufacturing (64 commodities—adjusted)1
Raw materials, total
Minerals
Animals products
Crops
Forest products
Electric power _
Building (floor space)
STOCKS (45 commodities; seasonal adjustment)
_
UNFILLED ORDERS (relative to
1920)
. SALES (based on value) :
Mail-order houses (4)
Ten-cent chains (5 chains) _
Wholesale trade. _
Department stores
PRICES (recomputed to 1919
base) :
Producers', farm products.
Wh olesale , all c ommodities.
Retail food
Cost of living (incl. food) _ _
CHECK PAYMENTS (141 cities—
seasonal adjustment)
FACTORY EMPLOYMENT
TRANSPORTATION :
Net freight ton-miles
Car loadings
Net available car surplus- _
1

1924

1925

1926

April

May

PER CENT INCREASE (+)
OR DECREASE (-)

1927

June

April

May

June

June, 1927,
from
May, 1927

June, 1927,
from
June, 1926

119
114
136
117
102
121
143
111

113
119
126
117
118
119
152
115

126
117
133
113
111
126
169
146

129
121
142
114
117
119
190
138

132
89
122
110
57
124
179
162

130
94
135
118
57
131
180
159

131
99
144
121
63
128
183
145

135
96
127
119
67
115
196
157

138
106
145
134
70
126
201
139

136
101
145
125
66
124

-1.4
-4.7
0.0
-6.7
-5.7
-1.6

+ 3.8
+ 2.0
+ 0.7
+ 3.3
+ 4.8
-3. 1

147

+ 5.8

+ 1.4

119

137

146

174

161

165

164

173

181

181

0.0

74

52

56

50

51

48

48

50

48

43

-10.4

-10.4

99
165
83
124

105
185
82
125

118
209
84
131

123
229
84
136

120
202
80
133

105
214
82
137

113
204
84
130

128
244
78
143

106
224
79
131

115
224
81
130

+ 8. 5
0.0
+ 2.5
-0.8

+ 1.8
+ 9.8
-3.6
0.0

65
75
78
94

64
73
78
95

70
77
84
98

65
73
86
98

67
73
87
98

67
74
87
98

67
74
86
97

60
70
83
95

60
70
83
95

62
70
85

+3.3
0.0
+ 2.4

-7. 5
-5. 4
-1.2

103
93

110
84

127
84

135
85

142
86

128
85

131
84

152
84

145
83

147
82

+ 1.4
-1.2

+ 12.2
-2.4

115
119
25

108
116
139

115
122
146

123
127
124

110
137
167

121
119
156

119
117
154

112
140
157

121
118
155

114
166

-3. 4
+ 7.1

-2.6
+ 7.8

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

.

+ 10. 4

<

COURSE OF BUSINESS IN JUNE
Carloadings were smaller than in either the previous
month or the same month of last year. The dollar
Industrial output in June, after adjustments for
differences in working time, was smaller than in May, volume of wholesale trade was higher than in the
but greater than a year ago. Commodity stocks, previous month but lower than a year ago. Retail
with corrections for seasonal variations, showed no trade by mail-order houses was greater than in either
change from the preceding month, but were 10 per the previous month or the same month of last year.
cent higher than a year ago. Unfilled orders for manu- Sales by 10-cent chain stores were larger than a year
factured commodities, principally iron and steel and ago, while grocery chains showed larger business than
building materials, declined from both the preceding in either the previous month or the same month of
last year. Department store trade declined from
month and the corresponding month of last year.
The production of raw materials in June, although the previous month but showed no change from the
smaller than in May, was greater than a year ago. previous year.
Wholesale prices showed no change from the preNew contracts awarded for building construction,
ceding month but were substantially lower than a
measured both in floor space and in value, showed an
increase over both the previous month and the year ago. Prices of stocks averaged higher than in
corresponding month of last year. Automobile pro- May or than in June of last year. Interest rates on
duction was smaller than in either the previous month time money showed no change from the preceding
or in June of last year. Factory employment showed month but were higher than a year ago. Call-loan
a decline from both prior periods. Check payments, rates were higher than in either the previous month
indicative of the general volume of business, after or the same month of last year. Defaulted liabilities
adjustment for seasonal variations, advanced, both of failing business firms, although smaller than in the
as compared with the previous month and June, 1926. previous month, were larger than in June, 1926.
GENERAL CONDITIONS




12
SUMMARY OF INDEXES OF BUSINESS
PRODUCTION
month, with raw materials for manufacture and manufactured commodities, other than foodstuffs, showing
The output of raw materials was smaller in June declines. As compared with last year, all groups
than in May, but greater than a year ago, all groups showed increased stocks.
showing declines from the preceding month, except
SALES
minerals which showed no change. As compared
with last year, all groups were greater, except forest
The index of unfilled orders of manufactured comproducts, which declined. The principal increases modities, principally iron and steel and building
over June, 1926, occurred in the production of petro- materials, showed a decline from both the preceding
leum and lead and the marketings of wool, hogs, month and June of last year. Both major subgroups
milk, fruits, and cotton, while the principal declines followed the general index, as compared with the two
were registered in the production of bituminous and prior periods.
anthracite coal, the production of silver, the marketings
Wholesale trade was larger in June than in the preof cattle and calves, sheep and eggs, and in the pro- ceding month but smaller than a year ago, but the
duction of lumber.
decline from last year was not nearly as great as the
Manufacturing output, after adjustments for diff- decrease shown in wholesale prices. As compared
erences in working time, showed a decline from the with a year ago, the dollar volume of wholesale trade
RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1920 monthly average=100. 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, 1927, is latest month plotted]

previous month, but was higher than a year ago.
With no allowance for working time differences, production of foodstuffs, textiles, lumber, leather, stone
and clay products, nonferrous metals and tobacco,
showed increases over the preceding month. As
compared with a year ago, larger production was
registered in foodstuffs, textiles, chemicals and oils,
stone and clay products and tobacco, other groups
declining.
COMMODITY STOCKS

Stocks of commodities held at the end of June, after
adjustments for seasonal conditions, showed no change
from the previous month but were higher than a year
ago. As compared with the preceding month, stocks
of raw materials were lower, while holdings of raw
foodstuffs and manufactured goods, both foodstuffs
and other, were larger. As compared with a year
ago, all groups showed larger stocks. The unadjusted

index of commodity stocks showed an increase over
http://fraser.stlouisfed.org/
both comparative periods, raw foodstuffs and manuFederal Reserve Bank of St. Louis

factured foodstuffs showing increases over the previous
hi groceries showed no change, while drugs, hardware,
shoes, meats, and dry goods declined.
Department store trade showed a smaller dollar
volume of business than in May, but no change
from a year ago. The value of merchandise stocks
held by department stores at the end of June was lower
than at either the end of the previous month or the
corresponding month of last year. Mail-order sales
in June were larger than in either the preceding
month or in the corresponding month a year ago.
Sales by 10-cent chain stores showed little change
from the preceding month, but were substantially
larger than in June, 1926.
Sales by grocery chains were larger than in either
the previous month or the corresponding month of
the preceding year. Other increases in chain-store
business over a year ago were registered in drugs,
shoes, and candy, while declines were shown in the
volume of business done by cigar and music chains.

13
PRICES

EMPLOYMENT

The general wholesale price index showed no change
from the preceding month but the June index was
substantially lower than a year ago. As compared
with the preceding month, all groups entering into
the general index either showed no change or declined, except farm products, fuels, metals, and sundry
miscellaneous items, which increased. As compared
with the previous year all groups were lower in price,
with the greatest declines occurring in the case of
'foods, fuels, and chemicals.
Classified according to the state of manufacture,
the general index of prices showed an advance in prices
for raw materials as compared with the preceding
month, but declines in the case of both producers' and

Factory employment in June was lower than in
either the preceding month or the corresponding
month of last year. Fewer employees were on the
pay rolls of representative factories than in the previous month in all industrial groups, except food and
kindred products, lumber, stone, clay, and glass, and
tobacco factories. As compared with last year, industrial employment showed declines in all groups except
food, textiles, and sundry miscellaneous industries.
Factory pay-roll payments were likewise smaller
than in either the preceding month or June of last
year. All industrial groups showed smaller pay rolls
than in the previous month, except food, leather, and
tobacco, which increased, and lumber, which showed

COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS
WITH INDEX OF ALL COMMODITIES AT WHOLESALE
[U. S. Department of Labor index numbers. Relative prices, 1913=100. June, 1927, is latest month plotted]

250

consumers' goods. As compared with last year, the
reclassified index showed the greatest declines in producers7 and consumers' goods. Commercial indexes
of wholesale prices, as of the 1st of July, showed declines
from the previous month, and a year ago, but the declines from a year ago were not as marked as in the
case of the Department of Labor index.
The index of prices received by farmers for their
produce increased over the preceding month but was
lower than in June of last year. As compared with
May, prices for all groups advanced except meat animals and dairy and poultry products, which declined.
Increases over a year ago in the case of grain and
sundry unclassified items were insufficient to offset
in fruits and vegetables, meat animals, dairy
declines
http://fraser.stlouisfed.org/ products, and cotton.
and poultry
Federal Reserve Bank of St. Louis

no change. As compared with last year smaller payroll payments were made in all groups except food,,
textiles, paper and printing, and miscellaneous industries, which increased, and chemicals, which shewed no
change. Reduced to a percentage of the number on
factory pay rolls, industrial lay-offs in June weragreater
than in either the preceding month or the same month
of last year, while voluntary quits declined from both
prior periods. Industrial accessions were greater than
in May but smaller than in June of last year.
Reports from State and municipal employment;
agencies showed more applicants per job th&im iaai either
the preceding month or the corresponding month of
last year. Wages of common labor showed relatively
little change from both the preceding month aacL the
corresponding month of a year ago.

14
REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

June wool receipts at Boston were almost double
those of either the previous month or of June, 1926,
due to a large increase in receipts of domestic wool as
compared with either prior period. Imports of wool
were less than in May but slightly larger than a year
ago. The consumption of wool by textile mills was
larger than during either the previous month or the
corresponding month of last year, wool machinery also
being more active than in either period.
The consumption of cotton exceeded that of either
the previous month or the corresponding month of
last year. Exports of unmanufactured cotton con-

Although the number of cotton spindles active
during June was slightly smaller than during the previous month, their activity was greater than in May.
More spindles were active and the hours of their
operation considerably greater than a year ago.
The production of cotton textiles in June was larger
than during either the previous month or the corresponding month of last year in all but one of the nine
groups shown. Stocks of finished textiles also
exceeded those at the end of May in all but one of the
groups, while unfilled orders declined for all groups
but one. June imports of silk were larger than for
either the previous month or the corresponding month

THE TEXTILE INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. June, 1927, is latest month plotted]

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

tinued to decline seasonally but exceeded those of a
year ago. Stocks of cotton at mills and in public
storage were larger than at the end of June, 1926, this
condition also being true in the world visible supply.
The cotton-finishing industry showed slightly
greater activity than during the previous month,
orders, billings, and stocks exceeding the May totals,
while shipments were almost as great. The output of
fine cotton goods was considerably larger in June than
during either the previous month or the corresponding
month of last year. Exports of cotton cloth also
exceeded those of June, 1926, but were slightly smaller

than for the previous month.


of last year. The consumption of silk, on the other
hand, was less than during the previous month,
although larger than in June, 1926. Stocks of raw
silk at warehouses were larger and those at manufacturing plants smaller than at the end of either prior
period.
Prices of cotton and cotton textiles were uniformly
higher than in May but less than a year ago. Prices
of raw wool showed little change from either prior
period, although wool goods were generally less than
a year ago. Raw silk prices averaged less than for
either prior period.

15
METAL INDUSTRIES

The consumption of iron ore and the production of
pig iron was considerably less than for either the
previous month or the corresponding month of 1926.
Shipments from the mines and receipts at the lake
ports increased seasonally and were almost as great
as during June, 1926. Ore stocks exceeded those at
the end of last June.
The output of steel ingots in June was considerably
less than for either prior period. Unfilled orders of the
United States Steel Corporation, while practically the
same as at the end of the previous month, were considerably less than a year ago. The output of steel

in square footage of heating surface than during the
previous month.
The production of copper at the mines was less than
in either May or the corresponding month of last
year, the refined copper output showing the same
tendency. Stocks of refined copper, although less
than at the end of May, were considerably greater
than a year ago, the reverse being true of blister
copper stocks. Copper prices declined from both
prior periods.
Deliveries of tin were less than during either the
previous month or the corresponding month of last
year. The world visible supply of tin, although

THE METAL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. June, 1927, is latest month plotted]

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

sheets also declined from the previous month but
exceeded those of June, 1926. New orders for steel
castings were much larger than for either the previous
month or the corresponding month of last year,
although the output was slightly less than for either
prior period.
Bookings of fabricated steel plate were less than for
either the previous month or June, 1926, and shipments, while larger than in May, were less than a year
ago. New orders for fabricated steel plate also declined from both prior periods. New orders for steel
furniture, both of the business group and shelving,
declined from the previous month, although orders for
shelving exceeded those of a year ago. New orders
for steel boilers were greater in number but smaller




slightly greater than at the end of May, was less than
a year ago. Imports of tin were less than for either
prior period.
Production of zinc was slightly less than during the
previous month but greater than in June, 1926, despite
an increase from both prior periods in the number of
retorts in operation. Stocks of zinc ore, both at
refineries and at the mines, exceeded those at the end
of either prior period. The price of zinc averaged
higher than for the previous month but was less than
a year ago. Shipments of lead ore, both from Utah
and the Joplin district, declined from the previous
month. Lead prices were less than in either May
or a year ago.

16
THE FUEL INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. June, 1927, is latest month plotted where data were available]

COKE

PRODUCTION

,,!,,!,i!,, ,,|i,t,iliiIM!,,!,,!,,I,,!,,!,,I

922

PRODUCTION

1923

1924

1925

1926

1927

1920

1927

1920

1921

1922

1923

1924

1925

1926

1927

L
=?UDE PETROLEUM

^Ll,.!,.!..!..!..!..!
192011921

I

I'M

I

922

.lnlnlnlnlMlnlnLlnlnlJulMl.,1,1

1923

1924

1925

1926

FUELS

The production of both anthracite and bituminous
coal was considerably smaller than a year ago, although the bituminous output slightly exceded that
of the previous month. The production of coke, both
behive and by-product, was less than for either prior
period. The wholesale price of anthracite and retail
prices of anthracite and bituminous coal strengthened
during June and the price of coke was higher than for
either the previous month or the corresponding
month of last year.
AUTOMOBILES AND RUBBER

A seasonal slackening of automobile production
was apparent in June, the output both of passenger
cars and of trucks for both the United States and
Canada being less than during the previous month.
June automobile production also continued to lag
behind the corresponding month of last year. Exports of automobiles, on the other hand, were considerably greater than a year ago. Imports of crude
rubber, although slightly less than in May, were
much larger than a year ago. Rubber prices declined
from both prior periods.
HIDES AND LEATHER

Imports of hides exceeded those of either the previous month or of June, 1926, all classes except goatskins

being imported in larger quantities than in May,


while only imports of calfskins and goatskins were less;
than a year ago. Wholesale prices of hides exceeded
those of either the previous month or the corresponding
month of last year. Exports of sole leather, although
greater than for the previous month, were much less
than a year ago. Exports of upper leather were less
than in either prior period. The June output of boots
and shoes was larger than for either May or the corresponding month of last year.
PAPER AND PRINTING

Imports of wood pulp were less than in either the
previous month or the corresponding month of last
year, a slight increase over May in imports of mechanical wood pulp being more than offset in the decreased
imports of chemical wood pulp. The June production
of newsprint paper, both in the United States and
Canada, declined slightly from the previous month,
production in the United States being less and that in
Canada greater than in June, 1926. New orders for
sales books declined from both the previous month
and a year ago. The production of paperboard shipping boxes was less than for either prior period, both
corrugated and solid fiber boxes participating in the
decline.
The American manufacture and importation of
books was greater than in June, 1926, despite a slight
decline in the number of American editions as compared
with the previous month.

17
THE PAPER INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. May, 1927, is latest month plotted]

1920

I n I T I l u l l 1 1 1 1 I n I n ! i i l n l i t l i tj n l i i l n J n l i i l i i l n l i i l i i l i i l i i l i i l i i l n l n l n
1921
1922
1923
1924
1925
1926
1927

1920

1921

1922

1923

1924

1925

1927

BUILDING

The volume of new building contracts was greater,
both in square footage and in value, than in either the
previous month or for June, 1926. Declines from May
in the square footage of contracts awarded occurred
only in the case of commercial and industrial building,
whilexfrom a year ago, the square footage of industrial,
residential, and educational buildings declined. In
the value of contracts awarded, all classes except
industrial buildings were larger than in either May or
the corresponding month of last year. June fire losses
exceeded those of the previous month but were less
than a year ago.
LUMBER AND LUMBER PRODUCTS
Lumber production was almost uniformly less than
during either the previous month or a year ago,
increases from May occurring in California white,
western and northern pine, while the output of North
Carolina and northern pine exceeded that of June,
1926. Shipments also declined from both prior periods
except in the case of Douglas fir, which exceeded the
May total, and North Carolina pine and California
redwood, which were larger than in June, 1926. New
orders for each kind of lumber except Northern pine
declined from the previous month and, except in the
case of California redwood, from a year ago.
The output of flooring was greater in June than in
the previous month, maple flooring production also
being greater than a year ago. Shipments of both
kinds of flooring were less than in May, those of oak

http://fraser.stlouisfed.org/
K4177 0 —97
Federal Reserve Bank of St. Louis

2

1920

1921

1922

1923

1924

1925

I

flooring also being less than a year ago. New orders
and unfilled orders for both kinds of flooring declined
sharply from the previous month, new orders also
being much less than a year ago.
STONE AND CLAY PRODUCTS

The May output and shipments of face brick exceeded those of either the previous month or the corresponding month of last year. New orders for architectural terra cotta exceeded both in tonnage and
value those of either prior period. The output and
shipments of Portland cement also exceeded those of
either the previous month or of June, 1926, and a
further increase in new orders for concrete pavements
was recorded. Orders received, shipments and unfilled orders of vitreous-china plumbing fixtures
exceeded those of the previous month, new orders
also being larger than in June of last year.
CHEMICALS

Receipts of turpentine and rosin exceeded those of
either the previous month or the corresponding month
of last year. Turpentine prices were lower and rosin
prices higher than for either prior period. Imports
of potash and nitrate of soda declined seasonally but
considerably exceeded those of June, 1926. Exports
of fertilizer were almost as large as in May and considerably greater than a year ago. The output of
crude methanol was only slightly less than in the
previous month and considerably larger than a year
ago.

18
FOODSTUFFS AND TOBACCO

The visible supply of wheat continued to decline
seasonally but exceeded that of a year ago. Receipts,
shipments, and exports of wheat at the principal
markets were less than for either prior period. The
receipts and shipments of corn exceeded those of either
the previous month or the corresponding month of
last year, June grindings also being larger than for
either prior period. Exports of barley and oats were
less than for either the previous month or the corresponding month of last year, and exports of rye,
although greater than a year ago, also declined from
May.

ing month of last year and cold-storage holdings, while
less than at the end of May, were greater than a year
ago. Holdings of fish were larger than at the end of
either prior period.
Receipts of butter and cheese were larger than in
May, but less than a year ago. Cold-storage holdings
greatly exceeded those of the previous month, those of
butter being slightly larger and those of cheese slightly
less than a year ago. Receipts of eggs declined from
both prior periods, though cold-storage holdings were
larger than at the end of either.
Imports of raw sugar declined from a year ago.
Sugar meltings were also slightly less than for either

THE FOODSTUFFS INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. June, 1927, is latest month plotted]

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925,

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

Receipts of cattle and calves and of sheep and lambs
both declined from the previous month and the corresponding month of last year, while receipts of hogs
were greater than for either prior period. Coldstorage holdings of beef and lamb declined both from
the end of the previous month and from the corresponding month of last year; holdings of lard and pork,
on the other hand, exceeded those at the end of May,
1927, or June, 1926.
Exports of evaporated milk were larger and those of
powdered and of condensed milk smaller than for the
previous month, exports of condensed milk also being
less than a year ago. Receipts of poultry exceeded
those of either the previous month or the correspond


prior period and stocks at refineries, while less than a
year ago, were larger than at the end of May.
Imports of coffee into the United States were larger
than for either the previous month or the corresponding month of last year. Clearances from Brazil also
exceeded those of both prior periods. The world's
visible supply of coffee was slightly larger than in
May, but less than a year ago. Imports of tea
exceeded those of either prior period.
Exports of unmanufactured leaf tobacco declined
from the previous month, but exceeded those of June,
1926. The tobacco crop estimate for July 1, indicated
a somewhat smaller output than that of last year. Exports of cigarettes were less than for either prior period.

19
TRANSPORTATION
A Carloadings of goods were slightly less than for either
the previous month or the corresponding month of last
year, all classes of goods declining from May, while
only loadings of livestock and miscellaneous goods
were larger than a year ago. Traffic on inland
waterways was greater than in May and, except at
Sault Ste. Maria, and on the Monongahela and Ohio
Rivers, was greater than a year ago.

declined from May. Interest rates, both on call loans
and on commercial paper, averaged higher than in
June, 1926. Prices of stocks continued to rise with
increases in both the industrial and railway groups.
Bond prices also declined, but were somewhat higher
than a year ago. Fewer business firms failed in June
than during the previous month, but more than a
year ago. The liabilities of failing concerns were
also less than in May, but greater than in June, 1926.

BANKING AND FINANCE
[Relative numbers, monthly average 1923-1925 taken as 100. June, 1927, is latest month plotted]

l l l l l l l l l l n l n l l t l l t

1920

1921

1926

1927

1922

1923

J924

1925

1926

1927

1920

.1921

1922

J923

1924

1925

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925 1926 1927

Ql I I I I I 1 1 I I I I I I I I

1920

1921

DISTRIBUTION MOVEMENT

GOLD AND SILVER AND FOREIGN EXCHANGE

Sales by mail-order houses were larger than in May
and those of 10-cent chain stores practically unchanged, both types of sales being larger than a year
ago. Both magazine advertising and newspaper advertising declined from the previous month, newspaper
advertising also being less than in June, 1926. Postal
receipts were larger than in June, 1926, those in the
fifty largest cities also exceeding the previous month.

Imports of gold were considerably less than during
either the previous month or the corresponding month
of last year. The domestic receipts at the mint also
declined from both prior periods, while exports
increased. The production of silver in the United
States exceeded that of the previous month, but was
less than that of a year ago, while imports were less
than for either prior period.
Exchanges on the principal foreign countries showed
little change from the previous month, there being
slight advances in the rate of exchange on Italy, Holland, and Argentina, while rates on Japan and Canada
declined. Compared with a year ago, rates of exchange on France, Italy, and Argentina increased,
while Brazilian exchange exhibited the only marked
decline.

BANKING AND FINANCE

Check payments, both in and outside New York,
were larger than in either May or the corresponding
month of last year. Loans and discounts of Federal
reserve member banks were also slightly larger than
in either prior period, although net demand deposits



20

FORECAST OF PROSPECTIVE CARLOADINGS, THIRD QUARTER OF 1927

A definite picture of the plans of business men for
the immediate future is now available to executives in
adjusting their own programs to the prospective course
of business. This picture is not mere guesswork as to
what business will be, but a consolidation of the actual
plans of business men all over the country, as shown
by the number of freight cars that will be required by
them for the transportation of the carload commodities which they produce or handle and which represent
97 per cent of the total tonnage handled on the
railroads.
This program for freight cars has been developed
by the regional advisory boards set up by the American
Kailway Association in order to allocate freight cars
more efficiently, to further the economic distribution
of carload quantities of goods, and to eliminate the
wastes arising from shortages and surpluses of necessary equipment. These boards, one for each of 13
economic territories, are composed of representatives
of shippers, receivers, and bankers having to do with
the movement of freight in the respective districts.
Each board, in turn, has a committee covering the
principal commodities handled in the district and it is
these committees, each made up of shippers of that
commodity, which prepare the estimate for the coming
quarter, after a survey of the plans of all the principal

shippers of that commodity for the district as to the
number of cars required by them.
The plan presented here for the third quarter of
1927 is the first consolidated program ever made
available as to the prospective car requirements for
the quarter. District totals for previous quarters on
this same basis have shown that the forecast of
requirements has usually run within 2 or 3 per cent of
the actual loadings and, in many districts, the forecasts
were within less than 1 per cent of the number of cars
actually loaded.
REGIONAL ADVISOKY BOARD DISTRICTS

FORECAST OF PROSPECTIVE CARLOADINGS, THIRD QUARTER OF 1927
COMPARED WITH ACTUAL LOADINGS SAME QUARTER OF 1936
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of cars

COMMODITY GROUPS

Actual
1926

Estimated
1937

Number of cars Per
Per
cent
cent
inc.
inc.
Esti(+)
(+)
or dec. Actual mated or dec.
1936
1927
(-)
(-)
District No. 12
NEW ENGLAND

ALL DISTRICTS

1 Grain, all

491, 716
275, 475
83, 061
84,386
44, 098
19, 051

483, 944
282, 595
85,505
105, 043
45, 155
21, 743

-1.6
+2.6
+2.9
+24.5
+2.4
+14.1

211
5,233
1,304
921
13
52

210
5,400
1,300
1,020
10
50

212,092
70, 040
48, 220
397, 765
2, 594, 880
679, 803

203, 447
74, 762
52, 682
390, 282
2, 779, 325
689, 298

-4.1
+6.7
+9.3
-1.9
+7.1
+ 1.4

2,514
4,292
1,589
1, 710
22, 529
149

2,750
4,400
1,725
1, 795
21,300
150

+9.4
+2.5
+8.6
+5.0
-5.4

1, 194, 283
1, 043, 622
601,544
60, 561
508, 130

1, 294, 728
1, 056, 482
659, 620
60, 062
482, 522

+8.4
+1.2
+9.7
-.8
-5.0

21, 868
29, 538
24, 161
3,324
3,594

22, 350
28, 450
25, 350
3,350
3,590

18 Castings machinery and boilers
19 Cement
- 20 Brick and clay products
21 Lime and plaster
22 Agricultural implements and vehicles (other
than automobiles)

69, 769
265, 446
225, 129
84, 010

68, 487
290, 223
235, 151
85, 160

-1.8
+9.3
+4.5
+1.4

6,736
4,029
5,623
4,571

37, 021

39, 018

+5.4

Automobiles trucks and parts
Fertilizers, all kinds
- - Paper printed matter and books
Chemicals and2 explosives
Canned goods

244, 599
58, 304
73, 809
61, 772
47, 797

252, 534
59, 539
80, 730
66, 549
47,994

9, 576, 383

9, 992, 580

2
3
4
5
6

Flour, meal, and other mill products
Hay straw and alfaflfa
Cotton
Cottonseed and products, except oil
Citrus fruits

7
8
9
10
11
12

Other fresh fruits
Potatoes
Other fresh vegetables
Livestock
Coal and coke..
Ore and concentrates

13
14
15
16
17

Clay, gravel, sand, and stone 1
Lumber and forest products
Petroleum and petroleum products
Sugar sirup glucose, and molasses
Iron and steel

23
24
25
26
27

.

Total, all commodities listed
1

Number of cars
Actual
1926

Estimated
1927

Per
cent
inc.
(+)
or dec.
(-)

District No. 8
ATLANTIC STATES
22, 444
19, 591
8,285

22, 444
19, 591
8,285

21, 865
21,991
18, 353

17, 492
26, 389
19, 739

-20.0
+20.0
+7.5

455, 360
24, 168

473, 574
24, 168

+4.0

+2.2
-3.7
+4.9
+.8

156, 673
45, 811
69, 539
16, 070
96, 834

172, 340
45, 811
78, 231
16, 070
84, 633

+10.0

6,670
4,130
5,320
4,170

-1.0
+2.5
-5.4
-8.8

15, 331
83, 246
29, 977
26, 678

15, 331
87, 408
29, 977
28,278

461

450

-2.4

2,402

+3.2
+2.1
+9.4
+7.7
+.4

2,141
942
12, 712
3,204
1,379

2,600
940
12, 450
3,175
2,120

+21.4

10, 630
9,598
26, 269
14, 320
10, 671

+4.3

164, 800

165, 225

Including
and powdered gypsum.
 2 All cannedcrude products, including catsups, jams, jellies, olives, pickles, preserves, etc.
food


+3.2

Actual
1926

Estimated
1927

Per
cent
inc.
(+)
or dec.
(-)

District No. 9
ALLEGHENY
1,845
1,166
653

1,935
1,403
650

+4.9
+20.3
—.5

4,522
3340
2,800
824, 711

4,522
33
40
2,307
955, 015

-17.6
+15.8

115, 088
11, 590
28, 134
253
226, 076

120, 267
12, 876
31, 988
253
221, 554

+4.5
+11.1
+13.7

7,925
18, 441
42, 620
3,809

7,489
20, 765
47, 095
3,729

-5.5
+12. 6
+10.5
-2.1

2,402

2,559

2,666

+4.2

10, 630
10, 241
28, 895
14, 320
10, 671

883
1,952
3, 392
10, 901
913

894
2,983
3,331
14, 345
972

+1.2
+52.8
-1.8
+31.6
+6.5

+3.4 1,310,306 ll, 457, 112

+ 11.2

+10.7
-23.1
-3.8

-2.1
-.9
+53.7

Number of cars

+.3 1, 206, 106 1, 246, 920

+12.5
-12.6

+5.0
+6.0

+6.7
+10.0

-2.0

21
FORECAST OF PROSPECTIVE CARLOADINGS, THIRD QUARTER OF 1927—Continued
COMPARED WITH ACTUAL LOADINGS, SAME QUAKTER OF 1926
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of
cars

Per
cent
inc.

Number of
cars

Per

cent

Number of
cars

Per
cent
inc.

Number of
cars

Per
cent
inc.

Number of
cars

Per
cent

inc.
inc.
Esti- or(t} Actual Esti- or(+) Actual Esti- or(t} Actual Esti- or(t} Actual Esti- or(+)
dec.
dec.
dec.
dec.
Actual mated
dec.
(__)
1936 mated (-)
1936 mated
1936 mated (-),
1936 mated (-)
1926
(-)

COMMODITY GROUPS

1937

1 Grain, all

1937

1937

1937

District No. 2
GREAT LAKES

2
3
4
5
6

1937

District No. 6
SOUTHEAST

District No. 4
OHIO VALLEY

District No. 11
MID-WEST

District No. 3
NORTHWEST

24, 228
33, 163
8,267

Flour, meal, and other mill products...
Hay, straw, and alfalfa _
Cotton
Cottonseed and products, except oil
Citrus fruits
_

22, 290
30, 000
6,500

-8.0
-9.5
-21. 4

13
14
15
16
17

Clay, gravel, sand, and stone * _ _
Lumber and forest products
Petroleum and petroleum products
Sugar, syrup, glucose, and molasses
Iron and steel. _ __ „

18
19
20
21
22
23
24
25
26
27

Automobiles, trucks, and parts
Fertilizers, all kinds
Paper, printed matter, and books
Chemicals and 2 explosives
Canned goods

__ _

_
_

Total, all commodities listed

+15.0

87, 853
35, 654

+10.3 12, 432

47
50
99

87, 800
39, 220
13,000
50
50
100

-7.6 172, 978 207, 230
-3.9 340, 761 391, 875
+14.2 54, 626 60,089
-1.9 11, 757 11, 052
— 5. c 30, 275 28,459

+19.8 111,239 131, 246 +18.0 216, 856 250, 000
+15.0 3,332 2,900 -13.0 72, 217 76, 000
+10.0
29, 434 30,000
-6.0
7,810
7,800
-6.0 19, 502 19, 716 +1.1 57, 433 52,000

14,436
20,264
29, 338
14, 747

14, 288
25,000
26, 750
11,400

-1.0
+23.4
-8.8
-22.7

4,064
21, 243
32, 308
7,498

4,064
23, 898
33, 923
8,248

+12.5
+5.0
+10.0

5,841

6,100

+4.4

2,707

2,977

153, 134 156, 036
3,062
3,000
8,955
8,900
10, 692 12,600
4,524
4,336

+1.9
-2.0
-0.6
+17.8
+4.3

8,217
21, 683
1,061
10, 249
1,735

8,217
20, 816
1,188
10, 249
1,908

-4.6
+12.0

5,183
4,730
1,881
2,650
7,413
7,155
+8.0 101, 245 100, 000
+2.9 (3)
(3)
159, 693 150, 000

+10.0

845, 767 851, 733

102, 356
1 Grain, all
2 Flour, meal, and other mill products. . 51, 634
16, 111
3 Hay, straw, and alfalfa _
4 Cotton .
5 Cottonseed and products, except oil
_
_ _
6 Citrus fruits

+0.7 1,093,246 1,198,814

12, 591 +59.9
4,800 -22.6
' 1, 510 +136. 3
+0.4
74, 000
67,000
6,300 -29! 4

Clay, gravel, sand, and stone 1
Lumber and forest products
Petroleum and petroleum products
Sugar, syrup, glucose, and molasses
Iron and steel

65, 153
45, 229
70, 292

75,000
41, 800
73, 805

6,129

6,500

18
19
20
21
22

Castings, machinery, and boilers
Cement
Brick and clay products
_
Lime and plaster
Agricultural implements and vehicles,
other than automobiles

1,940
1,830
23, 214 24,000
13, 089 * 14, 075
5,352
6,000

23
24
25
26
27

Automobiles, trucks, and parts
_
Fertilizers, a l l kinds
_ _ _ _ _
Paper, printer matter, and books
Chemicals and explosives
Canned goods 2

_ _ _ _ _

4

6,708
15, 725
8,604

9,290
16,164
9,120

+6.0
+3.4
+7.5
+12.1

+9.7 1,161,273 1,222,430

13, 658
2,250
5,802
27, 148
19, 138
1,025

11,610
2,475
5,918
27, 962
21, 051
995

-15.0
+10.0
+2.0
+3.0
+10.0
-3.0

3,066
10, 180
12, 732
6,658

+38.5 32,390
+2.8 3,967
5,665
+6.0

32,390
4,000
6,000
6,600
10,000

1,591

1,500

-5.7

1,748

1,399

15,600

+19.5

10, 791
507
415
2,266
1,726

9,712
497
456
2,288
1,760

-10.0
-2.0
+10.0
+1.0
+2.0

+5.3 972, 247 1,004,345

+15.0

513
513
3,139 3,609
699
699
56, 109 48, 693
34, 478 34, 478
-6.1 177, 056 177,056

+15.3 18, 723 18, 723
+5.2 26, 850 21, 450
+1.9 4,226 4,226
815
937
-9.5 2,166 2,599

-5.1
+6.9
+10.0
+10.6

1,107
1,399

-13.2

-20.1
+15.0
+20.0

1,107
5,895 +104. 0

717

875

+22.0

5,700

7,524

+32.0

1, 571
577
2,430
302
864

1,571
577
3,095
302
864

+27.4

+3.3 443, 114 444, 643

+0.3

+0.8
+5.9
-0.6
+5.4

District No. 11
PACIFIC COAST

District No. 14
PACIFIC NORTHWEST

10, 112
6,670
11, 101
435
509
14,884

9,280
6,220
11,000
525
510
17, 540

-8.2
-6.7
-0.9
+20.7

14, 914
6,032
3,900

-21.9
-25.0
+5.4

5,689
17, 842

12,000 +110. 9
+0.9
18,000

67, 161
73, 990
14, 642

66,000
80, 000
16, 000

64,260
3,037
5,675
14,900
8,172
35, 999

63, 960
2,700
6,175
15, 400
8,800
34,800

—.5 19, 389 '14,688
-11.1 1,943 2,137
+8.8 1,876 2,395
+3.4 5,571 5,550
+7.7 10, 914 11, 458
-3.3 3,871 3,357

-23.7
+10.0
+27.7
-0.4
+5.0
-13.3

5,884
3,150

-1.7
+8.1
+9.3

+17.8

-6.5
-7.9

484
4,878
1,854
285

532
6,344
1,910
302

+10.0
+30.0
+3.0
+6.0

629
291
1,868
291
3,537

502
321
2,156
280
2,975

-20.2
+10.3
+15.4
38
-15.9

+2.0 307, 078 284, 785

-7.6

16, 861
3,488

17,000
3,495

+0.8

4, 457

5,500
2,900

19, 108
8,043
3,700

-9.5 66, 325 68, 000 +2.5 6,219 6,841 +10.0
+3.6 108, 686 105, 400
3 0 202, 244 186, 436
-7.8
+6.0 47, 483 54,412 +14.6 9,312 10, 900 +17.0
+6.2 5,419 4,992 -7.9
12
20 +66.6
-7.8 3,167 3,325 +5.0
759
835 +10.0

5,092

+14.2

583, 444 593, 921

+1.8 722, 727 710, 097

907

1, 100

— 1. 7 318, 136 355, 30)3

+21.3

2,438
2,907
11, 154

5,139 +110. 8
2,390 -17.8
-0.5
11,100

+11.7 448, 139 457, 255

1 Including crude and powdered gypsum.
2
All canned food products, including catsups, jams, jellies, olives, pickles, preserves, etc.
3 No figures available on account of uncertainty of operating conditions in coal fields due to termination of Jacksonville agreement.
4
Includes box cars only.




-8.7
+40.9
-3.5
-1.2

-20.0

13, 048

+10.0
+4.3
-5.4

+50.3
+13.0
-1.3

-10.0 22, 104 20,000
-10.0 7,238 7,500
+10.0 31, 144 33,000
+3.0 4,050 4,300
2,712
-1.0
2,500

-1.0
+5.0
+5.0
+5.0

-0.1 53, 500 58, 850
+10.0 46, 000 48, 000
+4.6 3,173 3,000
+6.4

14,000

District No. 10
CENTRAL-WESTERN

-30.0 46,569 70,000
-10.0 11, 507 13,000
3,547
+10.0
3,500
+20.0
+5.0
+1.0

3,096
9, 696
12, 126
6,341

14,000
39, 000
42, 300
15,500

6,640
10, 575

53, 191
22, 366
8,809
53, 151
22, 247
3,831

+15.1 64, 145 57, 731
-7.6 135, 732 122, 159
+5.0 206, 927 227, 619
9,149
9,423
+6.1 10, 920 10, 811

+12.1 36,472
+12.0 38,454

14, 012

21, 103
14, 674

+10.0

District No. 7
SOUTHWEST

-12.1 75,986
+15.0 24, 851
+12.3 8,009

14,760
14, 012

18, 819
13, 102

44, 293
21, 188
3,794

90,000
59, 400
18, 100

7,876
6,199
639
73, 740
71, 037
8, 925

Total, all commodities listed

3,585

-12.8
+8.0
+20.0
+5.0 24, 928 26, 923
+4.3 899, 215 925, 333
-1.1

District No. 5
TRANS-MISSOURIKANSAS

13
14
15
16
17

3,249

+16.0 64, 899 56, 591
5,994
-16.4
5,550
+15 . 7 5,313 6,376
—12.7 11, 592 12, 172
-3.9 155, 542 162, 291
+9.7 22,091 21,847

Castings, machinery, and boilers
Cement.
_
Brick and clay products
Lime and plaster _
Agricultural implements and vehicles,
other than automobiles
__ _

, _ _

__

36, 850 42, 376
+20.0
+30.0

156, 912 145,000
14, 394 13, 825
26, 266 30,000
1,902
1,865
48, 563 46, 000

Other fresh fruits _
Potatoes
Other fresh vegetables
Livestock.
Coal and coke _
Ore and concentrates

Other fresh fruits
Potatoes
Other fresh vegetables
Livestock.Coal and coke
Ore and concentrates

10,654
31, 963
3,876
50, 297
22, 338
222

1,724
2,000
1,575
1,883
821
950
10, 861
9,480
19, 794 19, 025
232, 184 254, 625

7
8
9
10
11
12

7
8
9
10
11
12

10, 654
31, 963
3,230
38,690
22, 338
222

22
INDEXES OF PRODUCTION
The index numbers presented in this table are designed to show the trend in production, in the various
groups of industry. 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 11. The
regular semiannual detailed tables in this issue present comparable data for earlier years.
1926

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

April

May

180

73

89

94

165
242
155
122
273
152
193
149
131
145

62
105
41
0
0
17
78
38
57
80

122
190
103
112
0*
145
166
139
77
105

138
259
143
177
153
245
390
185
190

80
19
58
64
54
30
21
45
94

246
242
254
405
346
170

PEE CENT INCREASE (+) OR
DECREASE (— )

1927

June, 1927
from May,
1927

June, 1927
from June,
1926

101

-4. 7

+ 2. 0

145
242
91
110
197
142
181
133
68
102

145
238
94
99
215
138
187
126
67
106

0.0
-1.7
4-3.3
-10.0
+ 9.1
-2.8
+ 3.3
-5. 3
-1.5
+ 3.9

+ 0. 7
+21. 4
-13.0
-18.9
-3. 6
-2. 1
+ 11. 3
-0. 8
-2.9
-7.3

119
53
82
84
66
230
71
118
145

134
101
95
96
90
212
102
145
153

125
259
84
100
81
149
109
156
159

-6. 7
+ 15.6
11 6
+ 4.2
-19. 0
— 29. 7
+ 6.9
+ 7.6
+ 3.9

+ 3.3
+ 103.9
-7.7
+ 19. 0
4. 7
-16.3
+ 0. 9
-3. 1
+ 7.4

63
87
175
70
20
26

67
52
150
118
74
23

70
67
143
154
58
19

66
83
165
103
32
18

-5. 7
+ 23.9
+ 15. 4
-33. 1
-44. 8
-5.3

+ 4.8
-4. 6
-5. 7
+ 47. 1
+ 60.0
-30. 8

131
129
132
172
105

128
125
100
263
91

115
110
129
189
101

126
119
127
292
93

124
116
98
356
101

-1.6
-2. 5

+ 21. 9
+ 8.6

99 O
&£i. R

-3. 1
-7. 2
-2.0
+ 35.4
+ 11. 0

130
130
113
96
135
151
73
123
172
164
180
118
147

131
131
126
97
128
149
80
124
170
170
181
135
141

135
135
111
115
138
129
92
113
183
144
166
120
161

138
138
135
117
135
141
85
111
189
168
167
131
153

136
136
145
121
118
142
90
109
187
177
172
147
141

-1.4
-1.4
+ 8. 9
+ 3.4
-12.6
+ 0.7
+ 5. 9
-1.8
-1. 1
+ 5.4
+ 3. 0
+ 12.2
-7.8

+ 3. 8
+ 3.8
+ 15. 1
+ 24. 7
-7.8
4 7
-12. 5
-12. 1
+ 10.0
+ 4.1
-5.0
+ 8/9
0.0

April

May

99

96

106

135
198
101
110
156
146
177
142
71
107

144
196
108
122
223
141
168
127
69
110

127
230
89
97
40
141
190
136
70
100

110
50
83
84
66
176
71
107
140

118
77
91
81
76
190
83
128
148

121
127
91
84
85
178
108
161
148

49
43
58
50
12
18

57
56
102
84
52
32

57
56
124
128
43
22

136
137
164
356
149

61
59
51
20
24

124
125
129
74
115

138
142
135
133
152
166
115
127
210
177
195
147
164

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

132
132
101
106
140
154
82
127
166
136
168
116
153

June

June

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

Grand total
MINERALS
_

Total
Petroleum
Bituminous coal
Anthracite coal
Iron ore*
_
Copper__ _ _
Lead
Zinc
Gold
..
Silver

.

ANIMAL PRODUCTS (marketings)

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

_ _

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.




23

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

Industrial production *
Agriculture 3
Crop
(40
market- Animal Forestry comManfg. Mining
Total
ings (26 products (13 com- modi- (60 com- (52 com- (8 comMinerals
(9 com- modicom(9 commodities)
modimodi- modimodities)
modities)
ties)
ties)
ties)
ties)
ties)
Relative
to 19091913 av.

Relative to 1919

Relative to 1919

Relative to 1923-1925 average

1923
1924
1925
1926

114
133
98
107

100

100

100

100

100

99
103
108

116
93
98

94
112
113

95
98
106

102
86
110

91
105
110

83
87
67
85

84
87
67
87

77
89
70
74

119
113
126
128

119
113
126
129

114
119
116
121

147
138
145
167

136
126
133
142

102
118
111
117

117
117
113
114

121
119
126
119

108
117
111
115

101
95
104
108

101
94
105
108

105
96
99
107

128
129
128
122

93
94
99
116

154
153
160
165

140
139
145
151

55
55
69
106

114
120
111
107

132
134
126
132

79
83
88
104

103
101
103
103

103
101
103
103

104
99
102
107

122
137
123
122

122
132
128
122

151
158
146
141

' 145
155
141
133

133
140
129
123

191
195
174
164

105
115
119
123

134
136
120
118

152
166
149
148

102
105
106
108

104
107
108
110

90
91
94
94

122
121
138
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
124

108
88
85
75

106
107
108
108

108
109
108
108

93
98
108
107

130
130
127
135

monthly average .
monthly average.. .
monthly average
monthly average.-

_ .

100

98
79
101

130
130
127
135

94
99
116
122

164
181
190
199

135
144
150
156

57
63
103
114

118
121
115
* 111

131
128
119
117

85
91
107
106

107
107
107
111

107
107
107
112

103
104
105
109

135
134
122
114

148
179
165
140

196
208
181
160

156
165
158
150

172
232
199
149

111
117
125
126

120
120
113
106

144
190
165
138

113
111
108
105

113
111
106
103

111
116
118
120

117
120
142
135

117
129
136
135

122
108
113
96

157
146
161
141

147
137
152
127

122
103
93
67

111
99
118
119

98
103
112
115

115
104
103
85

106
109
112
109

105
107
110
109

117
120
122
106

138
136

average
average
average. _
average..

100

135
134
122
114

monthly
monthly
monthly
monthly

100
98
79
101

128
129
128
122

1919
1920
1921
1922

138
136

106
101

177
179

145
145

70
66

134
125

126
124

94

111

112

108

1935
May
June
July
August

September
October
..
November
December

..

.
_.

1926

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

September
October
November
December

_
___

,

-

_

1937
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. 41), p. 28.
2 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 average value of mineral production in the years 1909 to 1913.
a Weighted averages compiled by the Federal Reserve Board: For details, see issues of the Federal Reserve Bulletin for March, 1922, and March, 1924.
* Weighted averages compiled by the Federal Reserve Board and corrected for seasonal variations: For details, see February, 1927, issue of the-Federal Reserve Bulletin




24

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
YEAR AND MONTH
Total

Raw

foodstuffs

Raw

material for
manufacture

UNFILLED ORDERS >
(end of month)

Adjusted for seasonal element

Other
Manu- manu-

fac-

tured
foodstuffs

factured
com-

Total

modities

Raw
foodstuffs

Raw

material for
manufacture

Other
Manu- manu-

fac-

tured
foodstuffs

factured
com-

Total

Iron

Build-

steel

materials

and

ing

modities

Relative to 1919

Relative to 1920

100

100

100

100

100

96
132
126

89
161
192

106
147
110

94
78
72

98
135
117

100
47
62

100

100

48
54

41
95

119
134
145
167

144
152
170
229

111
119
134
167

81
85
78
78

130
162
174
175

74
52
56
50

57
39
43
39

129
106
109
96

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

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

139
141
144
162

133
121
134
196

153
194
193
199

87
77
73
71

171
172
172
172

148
131
132
153

160
113
128
206

155
144
142
155

79
73
74
75

180
176
170
161

52
53
58
64

38
43
47
51

109
94
101
119

170
171
168
162

218
237
250
243

208
188
164
143

72
69
65
65

175
175
172
172

171
168
158
161

228
227
198
206

191
186
173
158

74
74
80
95

179
174
169
169

61
57
55
51

48
44
43
38

114
110
105
104

152
160
153
147

215
237
203
191

131
123
110
100

65
79
97
100

170
171
173
170

165
164
169
186

235
240
256
310

149
145
134
139

85
81
89
88

170
169
172
177

48
48
48
49

36
36
37
36

100
98
94
99

September
October
November _.
December

153
176
195
195

188
222
270
273

139
216
247
235

94
86
76
68

173
175
183
193

175
180
204
191

256
263
346
303

147
173
190
185

88
84
76
70

183
181
180
182

49
46
45
47

38
38
38
39

92
82
74
78

1927
January.February
March
_
_ _ _
April

194
199
197
179

272
299
306
257

220
204
184
164

71
69
68
69

197
199
199
195

187
191
182
173

256
279
251
219

203
201
197
191

70
68
69
75

201
197
195
192

47
48
50
50

38
36
36
35

84
94
105
114

165
171

225
243

144
132

72
89

188
187

181
181

250
255

178
167

88
90

189
191

48
43

31
30

118
96

1919
1920
1921
1922

monthly average
monthly average. _ .
monthly average
monthly average

1923
1924
1925
1926

monthly average
monthly average
monthly average
monthly average

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

September
October.
November
December

-_ _ __

._

1926
January
February.March
April
May
June
July
August

May
June
July...
August

.

--

_ _ __

_

•

_

September
October...
November
December
1
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 CURRENT BUSINESS, while seasonal
eliminations are given in the April, 1924, issue (No. 32).
2
Weighted index of unfilled orders of manufactu
.. __ 0
Jacturers 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).




25

Table 3.—INDEXES OF WHOLESALE PRICES

Metals Build- Chem- House
MisFarm Food, Cloths
and
furing
and Fuels metal
icals nish- cellaprod- etc.
clothand
prod- mate- drugs ing neous
ucts
ing
rials
ucts
goods

Pro- Con- Raw
duc- sum- mateers'
ers'
goods goods rials

All

commodities

BRADSTREET'S 2
(1st of month)

COMPILED By U. S. DEPARTMENT OF LABOR 1

DUN'S 2
(1st of month)

[Base year in bold-faeed type]

YEAR AND MONTH
Number of quotations
56

95

65

20

37

32

43

31

Commodities

25

404

117

199

88

300

96

Relative to 1913

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

_-

1935
SeptemberOctober .
November
December -

100

100
101
134
181
202
215
169

100
100
100
106
125
153
184

100

100

100

100

85
99
162
231
187
162

100
92
94
120
157
172
201

100

93
88
126
169
170
181

95
95
121
148
156
175

98
101
127
177
194
206

92
97
143
184
181
179

101
102
119
163
191
211

99
101
126
187
205
218

100
101
105
123
199
190
191

100
97
107
128
170
203
203

218
124
133
141
143
158
143

220
144
138
144
144
157
153

295
180
181
200
190
189
176

241
199
218
185
172
172
180

192
129
122
144
134
130
127

264
165
168
189
176
175
174

200
136
124
131
130
134
131

254
195
176
183
173
170
162

196
128
117
123
116
134
124

226
147
149
154
150
159
151

214
133
128
141
133
134
128

231
159
151
156
156
167
162

229
142
159
159
154
164
154

207
141
142
157
157
163
156

204
123
132
145
140
151
141

160
158
160
157

189
190
188
187

169
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

131
133
135
134

169
166
168
166

166
162
160
159

162
161
163
164

153
154
155
156

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

132
130
128
128

166
163
162
163

160
161
154
153

163
161
159
157

152
149 '
145
142

144
144
141
138

154
157
154
151

176
175
173
175

179
179
177
180

125
125
126
127

172
171
172
172

131
131
131
131

162
162
161
161

125
123
123
122

152
152
151
149

129
128
127
128

163
165
162
160

154
154
153
151

156
155
154
153

140
139
138
137

141
139
135
135

152
152
151
151

175
172
170
169

182
184
190
183

127
127
127
126

172
172
174
173

131
129
129
128

160
160
160
159

120
119
118
118

151
150
148
147

129
127
126
126

161
160
159
158

153
152
150
149

153
155
155
155

138
139
138
139

150
148
147
147

167
169
168
169

180
177
168
161

124
122
123
122

170
168
167
165

122
122
121
122

157
158
157
157

118
119
119
119

147
146
145
144

125
124
122
120

157
156
155
155

150
150
149
147

155
153
151
151

139
136
136
136

137
138

1920
1921
1922
1923
1924
1925
1926

100
98
98
127
175
228
253

100

102
105
121
167
188
207

137
137
137
137

average
average
average
average
average
average.. _
average

100

152
150
144
145

monthly
monthly
monthly
monthly
monthly
monthly
monthly

100
103
104
123
190
218
231

160
155
154
152

1913
1914
1915
1916
1917
1918
1919

148
146

170
170

158
159

121
122

166
164

122
122

157
157

120
121

144
144

121
120

155
164

146
147

151
155
153

135
135
134

|

1926
January
February
March
April
May
June
July
August

_-

.

__

._

September
October...
November
December

.

__

1927
January
February..
March, _
April
May
June
July
August .._

_

September
October
November
December

1

I

!

_
__

__ __

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 and
3 major classes. 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 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. The data on the 3 major classes were computed by the Federal
Reserve Board until August, 1926, and thereafter by the Department of Labor. Monthly data on these classes from 1920 appeared in the October, 1922, issue of the "SURVEY
(No. 14), p. 45. The term "consumers' goods" in general applies to those commodities which because of their finished condition are ready for consumption; the term "producers' goods" applies to those products which are essentially still in the raw state or semifinished condition requiring additional manufacture.
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.




26

Table 4.—€OST OF LIVING, FARM, AND RETAIL PRICE INDEXES
FARM PRICES >

Fuel and light
Food

YEAR AND MONTH

Shel- ClothIng
ter

Sundries
Combined

Dairy
Fruits Meat and Cotton Unand
and ani- poul- cot- classi- All
Grain 1vegetatry
mals prod- tonfied groups
bles
All
ucts seed
items
Number of quotations

Fuel

Light

6

Relative to July, 1914

9

5

4

2

5

31

Relative to 1909-1914 average (fiscal years)

RETAIL COAL PRICES *

COST OP LIVING i

RETAIL FOOD PRICES

[Base year in bold-faced type]

Relative to 1913

100

1909-44 monthly av
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av

100

10O

10O

100

108
112
104
120

100
101
99
106

97
85
78
119

10O
94
95
95
100

100

92
100
83
123

100
102
100
117

100
102
101
114

100
100
99
104

100

100

100

100

10O

100

100

111

100
102

103
120

102
104

100
104

101
109

92
103
120
126

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

126
138
144
168
183

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

117
127
150
5190
192

1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av
1926 monthly av

142
146
146
157
160

166
173
184
180
176

155
170
175
174
174

179
180
169
167
163

146
142
140
120

173
173
174
175
174

157
161
164
168
168

105
114
129
156
129

152
136
125
160
189

113
106
109
139
146

135
147
137
143
141

156
216
211
177
122

94
109
100
92
88

124
135
134
147
136

142
146
146
157
160

6191

197
182
181
186

1926
May
June
July
August

161
160
157
156

176
176
176
175

175
174
173
173

158
158
158
160

179
179
179
180

118
118
118
121

173
172
174
173

168
167
166
165

131
130
125
128

240
216
195
166

148
154
152
144

131
130
131
130

130
132
126
130

82
81
85
89

139
139
136
133

161
160
157
156

192
192
192
192

September
October
November
December _ _ _

159
160
162
162

175
174
174
173

174
173
173
174

161
163
170
169

182
185
195
194

121
121
121
121

173
174
173
174

167
167
168
168

121
123
121
120

136
136
142
137

148
148
142
140

139
144
157
161

134
94
88
81

93
97
97
91

134
130
130
127

159
160
162
162

193
194
195
195

1927
January
February
March
April -

159
156
154
154

173
172
172
171

173
172
172
172

168
167
166
161

192
190
189
181

121
121
122
122

174
174
173
173

167
165
164
164

120
122
121
119

140
142
140
147

140
143
144
143

152
143
133
133

85
94
102
101

87
84
81
80

126
127
126
125

159
156
154
154

195
195
194
185

155

170

171

160

179

122

173

164

127
140

158
201

137
129

130
124

113
119

79
82

126
130

155
159

184
186

May
June -- July
August

September
October
November
December

194
193
7191
7

194

_.
_.

1 Index numbers of the cost of living, 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,
all prices shown are as of the 15th of the month indicated. The index is weighted according to the estimated consumption of average wage earners before the war, on the
following basis: Food, 43.1 per cent; shelter, 17.7 per cent; clothing, 13.2 per cent; fuel and light, 5.6 per cent; sundries, 20.4 per cent. Figures from 1914 to 1917 are based
on July quotations: 1918 figures are for 2 months: 1919 for 3 months and thereafter monthly. Owing to different trends, the fuel and the light data have been segregated
from 1923 forward and revised, 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 and the fuel and light data previous to 1923 are not quite comparable with the revised figures following, which are 8 points lower than the original figures for those
years on fuel and light. The cost-of-living indexes of the U. S. Department of Labor, now compiled only semiannually, are omitted.
2
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 by the Department of Agriculture.
3 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 workingmen'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.
* 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 Jan. 15 and
July 15; thereafter monthly averages are used.
* Eight months' average, February, March, April, and May missing.
6
Eleven months' average, August missing.
7
Ten months' average, no quotations being available for other months.




27

Table 5.—WOOL

Domestic

In
As im- grease
equivaported
lent

Total

Foreign

CONSUMPTION
(in
grease
equivalent) 3

STOCKS «
(in grease equivalent,
quarterly)

Looms

Held by
Total manu- Held by
facdealers
Wide Narturers
row

monthly average. ._ 18, 761
monthly average
27,906
monthly average. _. 35, 801
monthly average. .. 36,683
monthly average
42, 214
monthly average. ._ 41,956
monthly average.. _ 39, 918

13, 483
15,894
15, 142
17, 100
17, 510
15, 275
17, 825

5,278
12, 012
20,660
19,583
24,704
26,682
22,093

12, 632
21, 557
34, 393
37, 432
35,083
37, 811
37,158

1920
1921
1922
1923
1924
1925
1926

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

22,839
28,589
36, 151
34, 759
26,001
25, 501
29, 102

8,809
11,977
15, 913
12,095
16,687
11, 018
14, 105

14, 030
16, 613
20, 238
22,664
9,315
14, 483
14,997

21, 635
26,722
31, 390
32,854
22, 351
28,271
25,856

24, 921
31, 659
28, 017

44, 487
54,163
53, 467
44, 813
43,857
42, 503

1926
January
February
March. _ _ . _
April..

29,883
31, 389
45, 060
38, 905

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

25, 116
26, 291
33, 426
30,048

45, 102
35, 347
48, 003
33, 079

49, 383
38, 156
50,858
34, 143

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

May
June
July
August

36, 368
30,224
50, 675
28, 035

13, 729
22, 631
45, 162
23, 611

22,639
7,593
5,513
4,424

24, 119
13, 456
12,545
15, 305

24, 798
12, 336
12,794
17, 467

36, 237
38, 249
38, 236
40, 859

September
October
November
December

13, 018
13, 336
14, 834
17, 497

8,511
6,921
8,451
9,888

4,507
6,415
6,383
7,609

13,997
19, 246
25, 063
25,004

17, 171
22, 497
29,188
27,416

45, 770
49, 072
47, 808
47, 839

1927
January
February
March.
April

19, 743
29, 693
27, 436
28, 025

6,081
6,577
8,600
9,522

13, 662
23, 116
18, 836
18, 503

27,542
34, 072
33, 457
29, 239

30, 642
38,075
37, 617
33, 177

46,389
45, 938
54,262
43, 971

26, 394
50, 598

17, 938
46,106

8,456
4,492

18, 117
17,355

20, 362
20, 149

44, 338

May
June
July.August

Carpet
and
rug

Spinning
spindles
Wool- Woren sted

' Per cent of active hours to total reported

Thousands of pounds
1913
1914
1915
1916
1917
1918
1919

MACHINERY ACTIVITY «

Combs

YEAR AND MONTH

IMPORTS 2

Sets of cards

RECEIPTS 'AT
BOSTON i

73
78
73
91
88
84
72

68
65
72
80
74
60
57

79
77
84
90
94
91
84

77
78
78
90
90
86
83

77
75
85
90
93
90
83

74
78
74
90
85
81
79

492, 114
652, 258

206, 669
227, 236

207, 008
215, 737

75
74
73
86
87
85
71

554, 183
559, 431
478, 761
480, 867
383, 100
352, 061
357, 266

220, 339
279, 381
290, 023
247, 431
207, 803
179, 213
166, 100

255, 015
233, 940
188, 738
233, 437
175, 297
172, 848
191, 166

64
69
68
83
69
69
63

70
64
65
76
62
64
61

€7
51
77
82
66
72
63

70
71
89
98
88
86
77

75
89
91
98
80
77
79

68
72
87
92
85
84
73

74
82
79
92
66
67
69

67
63
62
59

63
62
61
62

68
70
70
63

77
76
78
75

85
85
79
73

72
70
73
72

72
75
70
62

57
57
53
56

57
57
53
55

57
58
55
60

73
75
68
71

68
68
68
74

70
71
66
67

57
59
56
66

64
71
73
72

57
68
67
67

62
65
67
65

80
89
84
80

84
90
88
84

76
86
81
77

74
79
80
78

68
64
61
57

65
62
63
60

65
64
66
67

75
75
80
78

84
89
81
77

72
74
77
77

75
71
66
63

58

61

67

80

74

80

61

331, 324

176, 520

154, 804

397,446

165, 776

231, 670

375, 714

161, 943

213, 770

324, 578

160, 159

164,419

291, 657

161, 708

129, 948

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 Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The left-hand column totals wool of all classes in the condition imported,
while the right-hand column shows the reduction to grease equivalent. Scoured carpet wool is converted to the grease basis, assuming a shrinkage of 40 per cent; other wools
are converted from scoured to grease on basis of a shrinkage of 45 per cent.
8
Consumption of wool by textile mills 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 figures 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 and
pulled wool by 1H- Further details as to classes of wool and districts are given in press releases.
4
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. Until the third quarter of 1920, the stock reports by manufacturers are
practically complete, with about 600 firms reporting. Thereafter one large firm and a number of small firms, varying from 10 to 20, did not report, but estimates were made
for them from the third quarter of 1920 through the third quarter of 1921, in order to make the data comparable with previous figures; these figures, however, are not comparable with the later data from the reduced number of firms, which represent about 85 per cent of manufacturers' stocks. 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 months' 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 leaves an excess. Details as to number of spindles, etc., are given in press
releases. These data comprise practically all wool-consuming mills.




28

Table 6.—CLOTHING AND BUTTONS
MEN'S AND BOYS'
GARMENTS CUT 1

YEAR
AND
MONTH

Suits

Separate Overtrou- coats
sers

Thousands of garments

HOSIERY 3

Net
shipments

ProducNet St'ks, New Untion ship- end orders filled
(all ments mo.
orders
classes)

Cut

Stocks,
end of
month

Dozen garments

Production

Un- Pro- Stocks,
Net St'ks,
ship- end New filled due- end of
ments mo. orders orders tion month
1

Thousands of dozen pairs

Ratio Thous.
to caof
gross
pac.

Thousands of dozens
8765
986
846
770
1,046
1,070
1,170
1,230
1, 108 7 1, 038
1,154 e 1, 156
1,029
1,020

8168
994
1,309
1,157
7
1, 119
6
1,106
1, 221
1,243
965

8837
1,840
2,992
3,807
2,456
3,002
2,175

46.1
46.0
33.4
44.0
46.7

12, 562
13, 874
14, Oil
12, 489
12,009

1, 089
1,094
(9)
1,128

1,252
1,279
(•)
1,182

1,112
939
(9)
1,047

3,200
2,935
2,824
2,529

46.0
47.0
38.4
46.6

12, 497
12, 503
12, 321
12, 381

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

1,203
1,429
1,093
941

1,136
941
957
1,096

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

2,688
2,670
2,470
2,736

46.5
48.1
47.3
43.8

12, 224
12, 172
12,286
12, 414

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
1,258

1,373
1,048
1,037
774

3,002
2,996
2,740
2,498

47.6
49.7
53.3
51.9

12, 161
12,047
12, 117
12, 133

3,252
3,848
2,966
3,477

6,213
6,229
6, 170
5,786

1,043
1,062
821
927

838
853
843
1,109

1,379
1,484
1,507
1,386

720
966
616
974

2,354
2,391
2,114
1,910

49.5
45.0
38.6
44.4

12, 197
12, 301
11, 690
11,754

6,953
6,843
6,856
6,710

3,946
4,289
4,012
3,261

5,566
5,667
5,783
5,100

1,004
1,015
976
931

1,325
1,166
999
787

1,196
1,042
1,011
1,063

1,087
949
1,117
918

1,659
1,417
1,460
1,562

44.4
51.3
47.5
36.9

11, 759
12,002
12,049
11, 898

3,175
3,412
4,251
3,618

7,301
7,567
7,342
7,758

3,668
3,701
4,225
3,963

5,513
5,668
5,530
5,807

912
959
1,198
1,108

819
911
1,164
1,013

1,157
1,213
1,298
1,395

1,357
1,232
1,282
949

2,091
2,408
2,615
2,566

44.4
48.3
49.8
51.3

10,300
10, 134
9,928
9,900

3,551

7,914

4,058

6,141

1,082

958

1,527

952

2,546

51.5
52.9

9,830
9,950

1920 m. a_
1921 m. a.
1922 m. a.
1923 m a
1924 m. a.
1925 m. a_
1926 m. a.

1,263
1,414
1,367

1,512
1,607
1,582

402
370
379

208, 314
250, 468
252, 409

192, 492
217, 286
223, 814

349,916
326, 257
327, 352

e 3, 834
3,352
3, 812
3,522

3,331
3,758
3,620

6,259
5,771
6,703

3,410
3,888
3,639

5,755
7,394
6,077

1925
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

3,623
4.050
3,753
3,864

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

Sept
Oct
Nov.
Dec

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

3,756
4,051
3,803
3,510

4,135
4,067
3,607
3,388

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

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

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

1936
Jan
Feb
Mar
Apr

1,595
1,686
1,660
1,283

1,764
1,674
1,847
1,729

223
240
267
215

240, 380
240, 223
285,821
272, 273

222, 392
208, 998
255, 962
229,772

343, 570
340, 384
346, 341
358, 142

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

3,339
3,383
3,920
3,473

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

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

May
June - July
Aug

1,223
1,516
1,412
1,432

1,533
1,562
1,448
1,493

321
454
486
576

251, 747
250, 683
229,323
259, 963

235, 792
228, 585
205, 447
249, 271

328, 605
328, 918
298, 013
295, 607

3,215
3,424
3,060
3,359

3,266
3,812
3,078
3,767

6,128
6,397
7,616
7,378

Sept
Oct
Nov
Dec

1,176
1,110
1, 019
1,290

1,607
1,531
1,343
1,450

579
676
279
237

287, 149
271, 984
241, 685
197, 674

262, 258
226,728
206, 383
154, 175

301, 160
308, 731
324,672
354, 078

3,557
3,694
3,733
3,487

4,015
3,940
3,888
3,560

1937
Jan
Feb
Mar
Apr

1,484
1,538
1,587
1,191

1,493
1,527
1,611
1,454

241
234
253
203

262, 252
283, 471
330, 218
292, 505

227, 932
253, 759
284, 252
259, 847

346, 309
407, 229
372, 765
380, 347

3,681
3,640
4,159
3,709

1,132

1,427

277

290, 759

284, 978

383, 007

3,694

May
June
July
Aug

FRESHWATER
PEARL
BUTTONS 5

KNIT UNDERWEAR <

WORK CLOTHING 2

7

6

i,

Sept
Oct
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, work 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.
* 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 pres's 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.
6
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.
6
7
8
8
Eleven months' average.
Nine months' average.
Six months' average.
No data available.




29

Table 7.—TEXTILE WHOLESALE PRICES
COTTON

COTTON YARN

Carded, Carded,
white,
single
Price to
Midnorthproducer, dling, ern, mule warp,
401s,
upland,
aU
New
grades 3 New York spun,22/l, Bedford
cones,
Boston

YEAR AND
MONTH

Print
SheetYt Wood
cloth,
ing, 4/4 Territory, combing
3/32* s,
Trion,
grease, crossbred
64 x 60,
Fairchild 38^ in., L L, 36",
fine,
index * 5.35 yds.
stock,
staple, Ohio and
Penn4yds.
scoured sylvania Boston
to lb.,
to lb.,
f.o.b.mill New York
fleeces

Eel. to
1911-1913

Per pound

WORSTED
YARN

WOOL
(Boston) 2

COTTON GOODS

Per pound

Per yard

DRESS
GOODS SUITING

French
serge,
39",
at mills

SILK,
RAW

Wooldyed,
Japablue,
nese,
55/56",
Best 1/X
Middle- New York
sex,
New York

Per yard

Per pound

97
91
122
187
292
272

$0. 053
.046
041
.061
.095
.159
.146

$0.062
.056
.052
.072
.119
.195
.168

$0.57
.61
.71
.87
1.59
61.84
1.74

$0.25
.26
.36
.41
.66
6.76
.64

$0.78
.64
.79
1.05
1.56
2.11
7 i. 63

$1.55
1.46
1.57
1.97
3.17
84.04
4.01

$3.64
3.69
3.32
4.87
5.51
6.27
8.88

$0. 448
.571
• .648
.593
.558
.508

323
162
187
213
199
188
160

.182
.077
.086
.103
.091
.093
.076

.211
.087
.104
.123
.113
.104
.093

1.66
.85
1.25
1.41
1.42
1.40
1.15

.51
.26
.42
.51
.53
.55
.46

1.83
1.18
1.41
1.73
1.69
1.72
1.44

4.18
2.94
3.10
3.62
3.66
3.66
3.40

8.28
6.04
7.22
8.23
5.92
6.34
5.94

.423
.430
.407
.402

.563
.562
.546
.550

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

3.60
3.60
3.60
3.60

6.62
6.66
6.57
6.81

.208
.206
.194
.192

.403
.399
.384
.374

.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

1.05
1.05
1.05
1.05

3.60
3.60
3.51
3.51

6.71
6.66
6.03
5.49

.160
.161
.154
.161

.189
.186
.187
.187

.357
.349
.344
.363

.513
.500
.500
.500

161
157
155
157

.076
.073
.073
.076

.095
.093
.089
.092

1.13
1.10
1.14
1.11

.42
.42
.43
.44

1.40
1.40
1.40
.140

1.05
1.05
1.05
1.05

3.51
3.29
3.29
3.29

5.73
5.88
5. 78
5.98

September
October
November
December

.168
.117
.110
.100

.170
.132
.128
.128

.367
.329
.321
.311

.506
.482
.470
.467

159
154
148
143

.076
.068
.069
.067

.093
.090
.085
.080

1.11
1.12
1.12
1.08

.44
.45
.45
.44

1.40
1.40
1.40
1.40

1.01
1.00
1.00
1.00

3.29
3.29
3.29
3.29

6. 13
5.78
5.49
5.59

1927
January
February
March
April

.106
.115
.125
.123

.134
.140
.144
.146

.301
.306
.312
.312

.460
.464
.458
.446

143
145
146
146

.068
.069
.069
.068

.080
.081
.081
.081

1.08
1.09
1.08
1.08

.44
.44
.44
.43

1.38
1.38
1.38
1.35

1.00
1.00
.98
.98

3.29
3.29
3.29
3.29

5.34
5.64
5.39
5.54

.139
.148

.163
.168

.335
.346

.456
.470

.147
.150

.071
.073

.082
.084

1.08
1.09

.41
.42

1.33
1.33

.98
.98

3.29
3.29

5.39
5.19

$0. 120
.104
.091
.137
.220
.295
.299

$0. 128
7
.119
.102
.145
.235
.318
.324

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

.310
.125
.193
.270
.268
.222
.151

.339
.152
.213
.294
.287
.235
.176

.703
.331
.397
.486
.475
.418
.358

1925
September
October
November
December

.225
.215
.181
.174

.236
.220
.208
.202

1936
January
February.
March
April

.174
.176
.165
.166

May
June
July _
August

1913 mo
1914 mo
1915 mo
1916 mo
1917 mo.
19 18 mo.
1919 mo

av
av
av
av
av___
av
av

1920
1921
1922
1923
1924
1925
1926

av
av
av
av
av
av
av

mo
mo.
mo.
mo
mo
mo.
mo.

May _-June
July
August

__

5100

$1.03

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, 35/36" from 1915 in the November,
1925,2 issue (No. 51), p. 22, this latter quotation now being discontinued.
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.
a 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 market 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 News Record, represents average weekly wholesale quotations of 36 standard cloths in the New York market.
6
' Average for years 1911 to 1913, inclusive.
Average for 6 months.
1 Average for 10 months,
* Average for 9 months.




30

Table 8.—COTTON
EXPRODUC- GINNINGS
RE(total crop CEIPTS
PORTS CONTION
IMto end of
(includ- SUMP(crop
INTO PORTS ing
TION
estimate) » mo. indi- SIGHT
cated) a
linters)

YEAR AND MONTH

STOCKS
(end of month)
World visible «

Domestic
Total

Mills

Warehouses

Total
cotton

American
cotton

Bales «
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

3, 614, 068
3, 909, 420
4, 410, 286

1,434,093

5, 065, 485
5, 662, 420
6, 346, 620
4, 950, 925
3, 503, 179
3, 722, 885
4, 579, 560
5, 626, 734

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

1, 139, 652
759, 350
514, 006

678,948

1,C40,683

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

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

869,419
1, 216, 571
1, 457, 456
1, 720, 696

3, 114, 992
4, 500, 938
5, 206, 562
5, 584, 016

3, 883, 012
5, 193, 976
6, 048, 438
7, 093, 308

6, 996, 220
6, 573, 105
5, 935, 959
5, 166, 412

1, 815, 232
1, 832, 655
1, 771, 897
1, 637, 062

5, 180, 988
4, 740, 450
4, 164, 062
3, 529, 350

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

516, 376
518, 607
461, 743
500, 652

4,414,216

1,448,739

2, 965, 477

3, 678, 968
3, 032, 560
2, 636, 537

1, 268, 707
1, 096, 647
920, 944

2,410,261
1, 935, 913
1, 715, 593

5, 070, 424
4, 314, 794
3, 686, 450
3, 182, 764

3, 459, 424
2, 762, 794
2, 284, 450
1, 988, 764

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

29, 226
49, 999
23, 158
31, 030
31, 228
26, 754
26, 113
30, 197

561, 280
513, 261
539, 509
509, 484
439, 930
566, 243
711, 020
754, 029

493, 293
486, 933
450, 565
507, 294
543, 444
460, 139
536, 044
557, 266

4, 935, 973
4, 792, 190
6, 100, 426
4, 706, 031
3, 853, 119

1, 430, 976
1, 453, 054
1, 312, 862
1, 447, 196
1, 480, 319
1, 087, 880
1, 283, 913

14, 219
19, 957

330, 967
217, 786

9,927
9,266

202,468
315, 825

531, 668
494, 083
483, 926
451, 236

2, 482, 671
1, 885, 477
1, 379, 848
1, 719, 631

2, 382, 407
3, 205, 375
2, 982, 985
2, 558, 057

15, 121
752, 324
12, 402 1,421,482
27, 007 1, 206, 786
34, 374
984, 061

483, 082
544, 097
543, 488
576, 216

3, 984, 411
5, 717, 509
6, 664, 018
7, 304, 712

1, 183, 158
760, 891
710, 492
625, 578

62, 061
38, 354
45, 726
33, 348

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

582, 315
565, 118
635, 896
577, 678

13, 625
22, 137
12, 090
13, 280

419, 459
346, 533
366, 722
391, 329

1,031,256
896, 699
1, 014, 029
1, 000, 802
944, 260
1, 119, 349
1, 344, 384
1, 412, 173

13, 566, 000
13, 740, 000

161, 632
1, 886, 399

316, 841
130, 060
153, 881
790, 696

14, 759, 000
15, 386, 000
15, 603, 000
16, 103, 679

7, 126, 248
11, 207, 197
13, 870, 507
14, 831, 846

15, 499, 893

13, 439, 603
7, 953, 641
9, 762, 069
10, 139, 671
13, 627, 936
16, 103, 679
18, 618, 000

3, 504, 998
3, 339, 136
4, 787, 564
3, 258, 836
2, 372, 800
2, 347, 490
2, 707, 372
4, 033, 474

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

11, 325, 532
13, 270, 970
7, 977, 778
9, 729, 306
10, 170, 694
13, 639, 399
16, 122, 516
17, 755, 070

11,420,763

1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average.
1926 monthly average

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

2, 976, 202
3, 061, 535
3, 094, 377
4, 473, 105
3, 494, Oil
2, 752, 066
2, 814, 722

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

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

16, 134, 930
11, 191, 820
11, 449, 930
11, 302, 375
12, 040, 532

3, 977, 335
4, 349, 535
4, 628, 711
5, 920, 777
4, 704, 844
3, 978, 899
4, 021, 720

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

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

•3,435,371
3, 991, 285
5, 467, 567

1,725,715

3,152,091
2, 152, 179
2, 417, 302
3, 264, 977
4, 209, 484

1935
May
June
July
August

-

September
October
November
December

2, 805, 012

4,114,976
4, 903, 438
5, 525, 308

1936
January
February
March
April

16, 122, 516

May
June
July
August

-

5, 237, 664

4,929,807
4, 277, 734
3, 804, 607

15, 621, 000
15, 166, 000

September
October
November
December

_
_

47, 770
697, 182

509, 092
225, 409
131, 103
558, 523

16, 627, 000
17, 918, 000
18, 399, 000
18, 618, 000

5, 642, 999
11, 257, 124
14, 646, 369
15, 544, 840

2, 103, 687
3, 842, 579
3, 600, 620
2, 694, 945

10, 007
794, 584
30, 449 1, 369, 820
41,441 1, 486, 224
39, 851 1, 531, 297

571, 105
568, 532
583, 950
605, 217

4, 230, 346
6, 685, 682
8, 015, 409
8, 245, 390

937, 129
1, 215, 873
1, 497, 844
1, 766, 392

3, 293, 217
5, 469, 809
6, 517, 565
6, 478, 998

4, 283, 515
6, 148, 052
7, 456, 845
8, 519, 146

3, 115, 515
5, 056, 052
6, 367, 845
7, 229, 146

16, 617, 285

1, 555, 872
1, 198, 954
1, 259,. 983
865, 454

56, 939 1,115,792
39, 702 1, 010, 507
41, 267 1, 129, 537
37, 519
855, 449

604, 584
590, 447
694, 193
619, 140

7, 923, 007
7, 376, 897
6, 472, 058
5, 571, 076

1, 852, 987
1, 933, 077
1, 980, 103
1, 894, 993

6, 070, 020
5, 443, 820
4, 491, 955
3, 676, 083

8, 796, 094
8, 533, 443
7, 795, 143
7, 380, 071

7, 227, 094
6, 860, 443
6, 178, 143
5, 718, 071

21,347

633, 024
662, 630

4, 663, 231
3, 771, 784

1, 794, 284
1, 607, 676

2, 868, 947
2, 164, 108

6, 507, 136
5, 654, 492

4, 815, 136

1927
January
February
March
\pril
May
June
July..
August

17, 755, 070

686, 402
363, 217

36, 055

628, 132
481, 943

4,014,492

September
October
November
December
1
Eeceipts into sight compiled by New Orleans Cotton Exchange-, imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce;
consumption, ginning, 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
crop for the year (not a monthly average). The monthly figures show the current estimate of total production as reported each month.
3 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 March figures coyer 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 SURVEY, p. 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.
« All bales are running bales counting round as half bales, except for imports, which are given in equivalent 500-pound bales.




31

Table 9.—€OTTON MANUFACTURING
SPINDLE ACTIVITY 1

YEAR AND MONTH Active
spindles

Per
Total spin- Ratio
Orders, Ship- Stocks, Acspindle to ca- Billings gray ments end of tivity
dle
month
in
pacity
yardage
hours place

Millions
Thous. of hours Hours

Per
cent

FINE
COTTON
GOODS3

FINISHED COTTON GOODS '

Thousands of
yards

Per
cent

Cases

6

Ratio
Ratio
Imto capto capports Exports Total italiza- Total italization
tion

Days

Thous. of square Thous. Per ct. Tbous. Per cent
of
per
per
of
yards
dollars quarter dollars quarter

Pieces

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

1.820
1.084
.974
1.734
3.338
4.594
3.651

$547
470
653
746
1,471
1,603
1,681

1.405
1.197
1.645
1.832
3.001
3.164
3.324

329, 571 11, 732
354, 274 12 7, 148
385, 770 11, 872
438,761 18, 248
366, 360 14, 782
421, 059
9,104
403, 020
5, 057

68, 229
45, 959
48,958
38, 710
39, 818
45, 276
42, 775

2,521
780
762
882
705
419
305

7.486
2.031
1.997
2.061
1.609
.931
.722

2,238
1,365
1,500
1,258
942
981
703

4.390
2.299
2.429
1.741
1.285
1.325
1.024

7.4
7.1
7.4
6.3

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

6,457
5,579
8,882
8,338

41, 152
37, 748
41, 448
52, 395

299

.702

776

1.129

41, 352
41, 494
40, 446
38, 449

61 ' 5.5
4.2
55
5.2
50
5.7
59

422, 221
382, 371
339, 755
302, 571

5,171
4,404
3,820
2,587

43, 520
41, 321
49, 215
38, 508

294

.690

807

1.175

49, 312
51, 010
45, 941
45, 564

36, 868
36, 161
37, 113
38, 012

66
70
63
66

6.7
6.2
6.0
5.0

413, 762
401, 636
406, 896
470, 469

2,414
5,054
3,969
4,005

46, 267
37, 769
43, 452
40, 505

321

.767

617

.899

305

.727

612

.891

88,603
91, 402
102, 327
85, 323

48,936
48, 968
59, 519
51, 869

36, 581
34, 971
36, 178
38, 275

69
82
82
78

6.8
7.0
6.8
6.2

441, 484
423, 976
551, 323
492,467

5,056
4,699
5,717
6,369

39, 834
35, 859
44, 553
54,236

266

.635

488

.696

77, 170
77, 743

49, 711
48, 133

37,340
39, 535

72
66

6.1
5.5

479, 275
530, 892

6,892
5,654

51, 796
48, 589

262

.643

698

.821

1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.

av
av
av
av
av
av
av

33, 807
33, 052 9 7, 532
7,725
33, 026
34, 681 8,292
31, 136
6,689
32, 642
7,883
32, 348 8,083

9206
209
222
177
208
215

32, 810
33,009
33, 245
32, 891

8,356
8,121
9,169
8,345

221
215
242
221

98.6
103.2
102.2
98.2

78, 170
82, 370
98, 321
90, 938

87, 188
85, 055
97, 436
79, 606

46, 679
46, 922
54,452
49, 301

41, 111
41,006
41, 329
42, 350

62
71
74
67

May
June
Julv
August

32, 275
31, 756
31, 057
31, 322

7,503
7,607
6,750
7,489

199
202
180
200

88.9
88.4
78.9
87.4

79, 164
78, 161
65, 714
69,554

69, 348
65, 072
67, 272
75, 180

45, 715
45, 272
43, 724
44, 336

September.
October
November.
December. _ __

32, 135
32, 593
32,587
32, 496

8,248
8,370
8,480
8,563

220
224
227
229

98.5
98.9
101.2
100.3

79, 223
88, 295
79, 480
85, 179

84, 438
79, 350
76, 483
76,354

1927
January
February.
March
April..

32, 634
32, 872
32, 919
32, 892

8,558
8,266
9,629
8,805

229
222
260
238

102.3
106.8
109.7
105.8

75, 510
83,554
108, 067
91, 675

32,907
32, 753

9,002
9,192

244
249

109.0
109.2

85,054
87,006

May. .
June
July
August..

New Bedford

Unfilled Producortion
ders,
(New
end Bedford)
mo.

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

__

Fall River 5

38,890
27, 207
43, 195
51, 688
63, 718
45, 348
56, 920

av
av
av
av.
av
av
av

1926
January
February
March
April

(quarterly)

COTTON
CLOTH *

3,880
5,189
3,563
5,534
5,441
2,737
4,146

1913 mo.
1914 mo.
1915 mo.
1916 mo.
1917 mo.
1918 mo.
1919 mo

7 434, 188
383, 523
9

MILL DIVIDENDS
-

8 52, 787 8 39, 431 s 25, 543 8 39, 920 838
91. 5 10 85, 386 10 90, 054 10 44, 935 10 36, 226 i°65
93.5 " 94, 01611 95, 509 11 49, 102 11 44, 937 H66
98.9
95, 098
91, 504 48, 116
46, 166
68
78.5
77, 650
76, 105 41, 863 43, 139
58
92.9
78, 756
76, 558 43, 691 39, 640
60
95.4
81, 214
39, 641
78, 565 47, 352
64

86.7
109.4
H9.9
9.5
5.9
5.8
6.1

_

September
October
November
December:
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; pfinted 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.
3 Data on fine cotton goods, from the Fine Cotton Goods Exchanqe, 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
Imports and exports of cotton cloth from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Exports of cotton cloth 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 probably6 slightly smaller than in the corresponding linear-yard measurement. Imports include bleached and unbleached, colored, dyed, printed, and woven figured cloths.
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.
6
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.
7
Nine months' average, April to December.
8
Six months' average, July to December, inclusive; previous data not available.
9
Average for five months, August to December, inclusive; previous data not available
1° Eleven months' average, January to November, inclusive.
11
Eleven months' average, February to December, inclusive.
12
 months' average, January to September, inclusive.
Nine



32

Table 10.—COTTON TEXTILES
[Thousands of yards]
DRILLS AND TWILLS

TOTAL, 9 GROUPS

WIDE DRILLS,
TWILLS, AND
BROADCLOTH

PRINT CLOTHS,
PLAIN AND FANCY

PAJAMA CHECKS
AND GINGHAMS

YEAR AND MONTH

ProStocks Unfilled duction Stocks Unfilled
orders
orders

Pro-

duction
1925 monthly av
1926 monthly av

197, 362
214, 375

217, 542
250, 800

Production

ProProStocks Unfilled duction Stocks Unfilled duction Stocks Unfilled
orders
orders
orders

20, 222
14, 943

289, 812
269, 469

23, 739
22, 826

21, 984
12, 274

5,904
7,954

2,716
7,361

18, 194
15, 331

66, 958
69, 635

20, 894
44, 627

92, 892
72, 998

19, 437
23, 290

77, 988
60, 032

41,871

9,755

8,606
8,948
8,669

15, 371
21, 054
22, 240
21, 094

78, 740
62, 620
63, 615
80, 907

37, 554
32, 499
30, 892
42, 275

78, 240
98, 977
105, 921
103, 762

24, 025
24, 226
24, 687
26, 522

52,900
54, 701
55, 535
53, 865

54, 752
56, 017
51, 313
41, 920

69, 492
69, 105
83, 283
66, 048

29,613 124, 766

25, 147
23? 859
27, 070
26, 214

48, 027
43, 635
40, 207
42, 314

43, 149
44, 888
45, 138
51, 026

66, 084
86, 476

17, 937
20, 143

24, 359
25, 503

47, 712
50, 784

62, 969
59, 174

47, 529

|

1936
September
October
November
December
1927
January
February
March ._
April

244, 110
214, 361
215, 578
257, 476

_

May
June.. July
Au^u^t

217, 152
216, 030
227, 158
247, 234

330, 358
327, 834
320, 559
324, 943

14, 378
11, 950
13, 281
18, 202

16, 189
14, 790
14, 417
15, 625

15, 307
13, 749
16, 703
13, 099

10, 247
10, 391
12, 491

228, 933
232, 611
277, 052
237, 185

216,
190,
162,
176,

441, 799
454, 140
445, 171
474, 530

15, 285
17, 015
21, 200
16, 946

14, 115
11, 467

12, 149
13, 192
15, 840
13, 825

9,451
8,617

8,722
9,093

26, 759
27, 283
27, 773
31, 677

7,679
8,474

29, 054
27, 519
28, 775
28, 735

572, 009
481, 346

17, 451
21. 176

8,480
8,028

38, 778
32, 282

14, 024
15, 709

8,681
11, 220

29, 378
23, 328

231,874

177,890

279, 456

187, 623

September
October
November
December

YEAR AND MONTH
1925 monthly av 2
1926 monthly av

212
520
438
681

9, 544

21, 298
14, 546
16, 166

116, 345
122, 822

134,751
161,699
129, 580

j

!

1
DENIMS AND
CHAMBRAYS
29, 277
31, 099

48, 112
51, 379

CANTON FLANNELS
(for mitten trade)

OSNABURGS

NARROW SHEETINGS

WIDE SHEETINGS

s 2, 240

56, 098
42, 653

* 6, 647

* 3, 732

6,329
8,048

8,031
4, 575

6,124
14, 391

49, 235
52, 234

36, 062
31, 370

52, 650
54, 042

3,920
4,734
2,786
2,662

11, 289
15, 198
14, 756
18, 856

65, 832
53, 064

56, 229
52, 968
56, 751
55, 188

6,518

5,788
5,958
6,937

27, 847
25, 192
25, 832
25, 775

12, 874

64, 053

26, 052
34, 365
45, 212
51, 290

9,421
10, 370

«6,602 fi 27, 003 * 8, 808

|

1936
September
October
November
December

32, 313
36, 483
35, 415
35, 802

37, 705
35, 027
38, 299
40, 866

82, 824
56, 713
38, 833
58, 673

2,572
2,096

6,379
5,774

3,472

9,977

2, 804

7, 887

2, 023

5,516

2,730

5,332

2,707
2,867

7,200
9,832

1937
January..
February.. _. _
March
April
---

38, 349
37, 199
39, 527
40, 413

41, 843
39, 186
37, 726
40, 475

81, 660
103, 094
92, 915
95, 021

2,646
3,088

5,006

12,299

9,016

2,115

22,905

4, 295
3,917

13, 144

10,047

11,318
9,859

12, 574
10, 119

3,067
2,594
3,378

24, 519
19, 301
19, 053

50, 770
52, 622
66, 191
53, 370

41, 980
35, 745
24, 044
28, 232

91, 786
86, 978
84, 714
89, 180

6,079
6,484
8,257
7,029

24, 062
23, 210
23, 003
24, 474

39, 444
38, 541

42, 121
42, 442

117, 767
103, 548

2,980
4,820

9,575
7,953

9,827
12,100

2,743
3,020

21, 756
14, 723

51, 342

22, 589
23, 683

115,002

66,856

6,363
8,275

23, 967
24, 079

Mi ay

June
July
August

3,110
3,221

4,075
3, 660

4,224

53,008

93, 130

10,354
11,335
9,484

12,415
15, 228
15, 085
17, 628

September
October
November
December
i Compiled from weekly, biweekly, and"monthly reports of The Association of Cotton Textile Merchants of New York, comprising data supplied by about 22 commission
houses regarding the mills which they represent, which are located principally in the South and are estimated to cover at least 50 per cent of the industry. Weekly reports are
combined into monthly totals by taking the sum of the four or five weeks falling within the month for production, while figures on stocks and unfilled orders are as of the
week ending nearest the end of the month. When biweekly reports overlap almost evenly between various months, half of the production for the overlapping period is
apportioned to each month. Drills and twills include drills 40 inches and narrower, four-leaf clothing twills, pocketing twills, jeans (grey only), and heavy-warp sateens 40
inches and narrower, all compiled from weekly reports. Wide drills, twills, and broadcloth include drills, twills, sheetings, and sateens over 40 inches, from biweekly reports,
and corded broadcloth (grey only), from weekly reports (the figures for broadcloth being included only from July, 1926). Print cloths include those narrower than 36 inches,
those 36 inches and wider, and print-cloth fancies, all from weekly reports, the fancies being included only from March, 1926. Pajama checks are from weekly reports and
ginghams from monthly reports. Denims and chambrays are both from biweekly reports. Canton flannels for the mitten trade and wide sheetings are both from biweekly
reports, the former being included only from July, 1926, and the latter from February, 1926. Osnaburgs and narrow sheetings (40 inches and narrower) are based on weekly
reports. The additions of four of these groups in 1926, as noted, has little effect on the comparability of the grand totals. Each of the above groups is further divided by
classes of construction in the association's reports. Monthly data from September, 1925,4appeared in the May, 1927, issue (No. 69), p. 21.
2
3
fi
Four months' average.
Six months' average.
Seven months' average.
Eleven months' average.




33

Table 11.—SILK, RAYON, OTHER TEXTILES, AND FUR

Deliveries 2

Nar- SpinAt
At
ware- nifg. Broad row ning
houses 2 plants 3 1'ms Pms spindles

Elastic Fibers
web(unbinge mnfd.)

Shipments

Burlaps

Imports *

FUR

Pyroxylin-coated
textiles 7
(artificial leather)
UnPyrox- Ship- filled
ylin ments orders,
spread billed end of
mo.

Per cent of active
hours to total

Bales

1909-13 rno average
1913 mo average
1914 mo. average
1915 mo average
1916 mo. average
1917 mo. average
1918 mo. average
1919 mo. average

2,330
2,850
2,565
3,094
3,406
3,619
4,060
4,627

1920
1921
1922
1923
1924
1925
1926

3,305 9 17, 830
4,361 26, 941
30, 635
4,872
5,163 29,868
30, 592
5,050
6,400 41, 779
6,472 41, 796

51, 312
21, 315
32, 350
33, 367
37, 464
44, 819
36, 814

15, 283
15, 176 10 59. 3 10 42. 1 10 62. 6
18, 484
73.5 55.1 72.5
20, 051 72.5 47.8 69.5
27, 732 88.7 59.5 97.9
24, 043 84.8 62.3 88.5

Thous. of
Ibs.

Dolls, Thous.
perlb. of yds.

Long
tons

192
244
227
72
46
8
96

Thous.
oflbs.

mo. average
mo. average
mo. average
mo average
mo. average
mo. average
mo. average

OTHER TEXTILES

Price, wholesale fi

Imports

YEAR AND MONTH

Machinery
activity *
Imports i

Stocks, end of
month

Stocks, imported,
end of month l

BATON

SILK

189
272
215
107
79
39
15

$1.85
1.96
2.13
3.11
3.86
4.40
4.77

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

263
154
385
306
320
174
326 11 818
143 268
583 645
839 1,873

4.66
2.67
2.80
2.80
2.11
2.00
1.81

12, 620
11, 593
13, 778
13, 041
10,731
13, 478
10, 695

33, 817
20, 416
22, 815
26, 613
24, 691
25, 854
25, 063

47, 628
39, 595
43, 436
49, 873 !0 2, 482 !o 2, 050 !o 2, 469
47, 971
2,201 1,630
1,577
2,438 2,018
52, 151
1,698
2,900
49, 915
2,256 2,045

Thous.
of Ibs.

Thous.
oflbs.

Sales
by
dealers ^

Thous.
of dolls.

Thous. of
linear yds.

•

$12, 029
13, 624

1926
May
June
-_
July
August

4,614
4,857
6,313
6,207

34,099
37,644
39, 425
45, 943

31, 143
29, 111
27, 528
28,006

25, 323
20, 323
18, 665
19, 274

80.2
77.2
78.7
78.9

65.0
61.7
59.5
61.8

75.0
78.8
81.7
82.0

1,793
1,934
2,046
2,053

2.00
2.00
1.65
1.65

8,331
9,497
10, 054
10, 695

19, 092
17, 170
19, 978
15, 070

38, 339
44, 206
55, 258
52, 990

2,775
3,604
3,093
3,423

2,096
2,663
2,301
2,510

2,058
2,374
2,186
2,158

13, 198
15, 040
13, 230
17, 647

September
October November
December

7,046
7,937
7,934
7,961

43, 962
47, 768
47,634
39, 771

34, 459
35,094
47, 130
52, 478

18, 491
22, 762
22, 821
23, 270

80.8
82.6
89.2
87.9

66.6
69.3
63.6
53.4

879 2,031
87.5
87.5 1,008 1,879
988 1,870
89.7
923 2,016
90.4

1.65
1.65
1.65
1.45

11, 429
12, 001
12, 335
10, 634

16,004
18. 846
25, 017
34, 666

32, 066
53, 696
36, 529
41, 683

3,470
2,954
2,421
3,026

2,407
2,374
2,046
2,337

2,067
1,625
2,443
2,523

16, 969
13,664
10, 176
8,943

1927
January
February
March.__
April

8,208
5,437
7,011
6,418

48, 307
42, 860
49, 242
47, 853

52, 627
43, 758
33, 116
31, 749

24, 872
22, 120
21, 193
22, 581

86.4
86.2
90.1
86.4

56.2
58.1
60.4
62.6

700 1,398
89.4
852 1,074
89.1
81.2 1,718 1,052
79.7 1,518 1,022

1.45
1.45
1.45
1.50

11, 249
9,792
10, 801
10, 010

29, 892
20, 751
29, 096
43, 437

49, 797
47, 320
39, 830
50, 271

3,206
3,398
4,275
3,559

2,168
2,431
3,426
2,752

2,486
3,410
2,781
2,995

13,400
20, 239
23, 885
17, 544

7,322
7,404

45, 486
41, 312

35, 527
37, 024

18,984
18, 086

87.3

61.6

76.5 1,799 1,001
1,311

1.50
1.50

10, 217
11,594

30, 569
23, 115

62, 760
61, 287

3,854
4,358

2,930
2,964

2,768
2,671

17, 551

Mav
June .
July...
August

-

769
858
739
662

_

September
October
November
December
1 Imports of silk, of unmanufactured fibers, burlaps, and of rayon, as well as stocks of rayon in bonded customs warehouses, from U. S. Department of Commerce, Bureau
vf 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. Rayon imports are a total of yarns, threads, and filaments. For a monthly tabulation on rayon imports and warehouse stocks since July, ]911, see the March, 1927, issue (No. 67), p. 25.
2 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 accurately.
* 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.
6
Compiled by the Silk Association of America, representing average prices of bleached rayon, 150 denier, A grade, in the New York market.
6
Elastic webbing sales are reported by 8 manufacturers to the Webbing Manufacturers Exchange, comprising almost the entire industry.
7
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.
8
Compiled by the American Fur Merchants' Association, representing sales of fur to garment manufacturers, retailers, etc., principally in New York City, but also in
otherfl places in the United States and Canada.
Eleven months' average, February to December, inclusive.
10 Ten months' average, March to December, inclusive, except pyroxylin unfilled orders, which is a 10 months' average, January and October figures not being available.
11 Eight months' average.

54177°—-27



3

34

Table 12.—COAL
BITUMINOUS
Production

ANTHRACITE

Consumption

Prices
Stocks,
end of

WholeBy
Ex- 3 vesBy coke plants 1110.,
sale,
beld by Mine KanaBy
seis electric rail
United Can- ports
2
con- 9 aver- wha,
clear- power roads6 United Can- sumers
age
States i ada
(spot) 10 f. o. b.
ing plants *
States 7 ada *
ports 4
Cinci.ii

YEAR
AND
MONTH

Thous. of short
tons

Thous. of long
tons

Thousands of short tons

1,114
1,499
1,150
1,397
1,581
1,774
1,663

642
606
620
656
574
461

1,160
1,412
1,255
1,263
1,416
1,136
1,095
1,372

1,497
2,866
1,721
924
1,596
1,272
1,299
2,626

604
780
629
343
379
332
362
575

20 2, 816
3,094
2,632
2,848
3,247
3,130
3,352
3,443

9,451
7,644
8,006
9,123
8,161
8,119
8,423

39, 059
41, 992
43, 472
46, 352

1,137
1,395
1,350
1,341

1,517
2,139
3,240
3,548

437
521
641
709

3,082
3,172
3,362
3,451

Sept
Oct
Nov
Dec

48, 976
54,592
59, 721
57, 671

1,413
1,708
1,818
1,923

3,737
4,188
4,605
4,299

739
840
841
718

1937
Jan
Feb
IVIar
Apr

56,882
52,904
60, 147
34, 674

1, 569
1,383
1,406
1,313

1,720
1,352
1,376
1,258
1,368
1,694

1909-13-—
1913 m. a.
1914 m. a.
1915 m. a.
1916 m. a
1917 m. a.
1918 m. a.

35, 522
39, 870
35, 225
36, 886
41, 877
45, 983
48, 282

1919
1920
1921
1922
1923
1924
1925
1926

a.
a.
a.
a.
a
a_
a.
a.

38,822
47, 389
34, 660
35, 189
47, 047
40, 307
43, 338
48, 191

1936
May
June _ _ _
July
Aug

m.
m.
m.
m.
m.
m.
m.
m.

May
June
July
Aug

35, 395
36, 627

Stocks,
Prices
end of
mo.,
ProWhole- Retail,
in
Exr
ducsale,
Retail, tion^ ports3 yards chest- chestof
Chinut,
nut,
dealers
cago 11
New
New
(12)
York 11

Dollars per short ton

Thous. Thous. No. of Dolls,
Dolls,
of short of long days' per long per short
tons
tons supply
ton
ton

57, 900

14

2, 764
4,463
6,849
5,340
6, 196 6,853

187
242

7,851
7,519
7,635
7,873

6,742
6,465
6,915
6,574

242
230
236
250

3,483
3,697
3,591
3,849

8,115
8,973
9,104
9,424

6,543
6,847
6,735
6,555

250
263
234
237

376
312
322
345

3,804
3,336
3,484
3,284

9,186
8,074
8,647
7,693

6,557
6,124
6,977
6,557

251
226
256
253

332
357

3,234

7,724

6,442
6,079

249
239

$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
6.58

7,198
7,627
7,569
7,416
7,298
8,301
8,236

288
346
319
295
347
447
370

40,400
29, 933
44, 250
38, 583
49,000
49,000
44,400
42, 714

2.59
5.64
2.55
3.69
2.77
2.08
2.06
2.21

4.11
5.85
4.56
5.20
4.31
3.43
3.40
3.62

6.86
is 9. 66
8.85
is 9. 53
9.23
8.15
8.65
8.96

7,341
7,467
7,539
4,557
7,778
7,327
5,151
7,083

370
402
348
197
379
299
237
300

39,000
41,000

1.93
1.90
1.91
2.00

3.39
3.39
3.39
3.39

8.12
8.13
8.27
8.32

8,054
8,937
8,427
8,226

327
386
390
395

2.15
2.70
3.19
2.54

3.64
8.91
3.74
9.06
4.39 . 10. 15
10.34
4.39

8,444
8,675
7,446
7,528

363
459
350
294

2.30
2.11
2.06
2.12

3.89
3.64
3.64
3.64

9.85
9.64
9.31
8.89

6,561
5,852
6,098
7,131

220
185
156
201

1.99
1.85

3.64
3.64

8.98
9. 12

8,054
7,257

305
304

43,000

55,000

75,000

York 11

$5.32
5.40
5.29
5.57
5.94
6.86
20
44
12
20
54
42
39

40
44

46
50
54

49
39

$6. 97
7.00
7.18
7.34
8.46
9.19

8.27
9.50
10,53
6
i 10. 58
10.88
11.37
17
11. 19
"11.48

10.81
is 13. 65
13.51
i* 13. 50
14.21
13.99
i? 14. 90
9
i 14. 59

11.48
11.47
11.48
11.47

14.50
14.50
14.50
14.50

11.48
11.48
11.48
11.48

14.54
14.50
14.50
14.50

11.49
11.48
10.61
10.58

14.50
14.50
14.29
13.50

10.58
10.77

13.54
13.79

1

* Production 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 bituminous, 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 II. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; bunker coal on vessels engaged in the foreign trade is not included.
4
Coal loaded for consumption by outgoing vessels at principal ports compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce* Monthly
data 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. 43), p. 28.
6
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 7 appeared 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
Compiled by the U. S. Department of Commerce, Bureau of Mines, representing stocks in the hands of commercial consumers and retail dealers at the end of each
month, but does not include coal for steamship fuel, on lake docks, in transit, and in householders' bins. The figures for 1918 were taken on three different dates, from actual
canvasses, while the later figures are based upon reports from a selected list of 5,000 consumers whose stocks in 1918 bore a known relation to the known total stocks. Data
for 1918 and 1919 are averages of one month, for 1920 and 1924 each 3 months, for 1921, 4 months, for 1922, 6 months, and for 1923, 8 months. Details from 1919 were given
in the December, 1926, issue (No. 64), p. 14.
10
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
total output of bituminous coal is sold spot, while about 55 per cent is sold on future contracts, and 25 per cent of the output is not sold commercially.
11
Wholesale and retail prices are monthly averages from U. S. Department of Labor, Bureau of Labor Statistics. Wholesale price of bituminous coal is based on run
of mine, while the retail price is average consumer's price of lump, egg, nut, and mine run, averaged according to shipments.
12 Compiled by the U. S. Department of Commerce, Bureau of Mines, from reports of about 500 retail dealers, calculated to show the number of days' supply at the
current rate of consumption. Averages cover 3 months in 1920, 4 in 1921, 5 in 1922, 8 in 1923, 2 in 1924, 5 in 1925, and 8 in 1936.
13
Eight months' average, February, March, April, and May missing.
n Seven months' average, June to December, inclusive; previous data not available,
i* Eleven months' average, August missing.
16
Eight months' average, May, June, July, and August missing.
187 Eleven months' average, January to November, inclusive; no December quotations.
' Eleven months' average, January missing.
19
Ten months' average, January and February missing.
20 Six months' average, January, May, June, August, November, and December missing.




35

Table 13.—IRON ORE AND PIG IRON
1

PIG IRON

IRON ORE*

MANGANESE
ORE

Stocks, end of month
ConShipsumpIm- 2 ments Lake
tion
by
On
Erie
|§ ports from
|
mines ports Other furAt fur- Lake
and ports naces Total naces Erie
furdocks
naces

YEAR AND
MONTH

Receipts

!p

Furnaces in blast,
end of month 4

Production

Foundry,
Per No. 2,
Fur- Capac- cent northof
naces ity
ern
Mertotal (PittsTotal chant Total
6
burgh)
iron
United 4
States

Can- 7
ada

Number

Thousands of long tons

1909-191 3 mo. av
1913 mo PV
1914 mo av
1915 mo av
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av

21
29
24
26
48
52
41
28

180
216
113
112
110
81
66
40

4,089
2,668
3,860
5,395
5, 208
5,096
3,931

3,230
2,091
3,127
4,282
4,033
3,978
3,074

826
565
732
1,082
1,128
1,089
816

1920
1921
1922
1923
1924
1925
1926

51
33
31
16
19
23
30

108
26
95
231
171
183
213

4,886
1,858
3,552
4,921
3,552
4,507
4,878

3,736
1,298
2,637
3,638
2,630
3,225
3, 522

1, 09G
540
863
1,220
888
1, 238
1,305

38
27
27
55

202
160
184
195

10

22
31
34
41

239
272
233
259

6,114
8,771
9,999
10,709

3,338
6,346
7,300
7, 655

September
October
November
December

18
13
20
27

232
190
186
205

9,622
9,337
3,947
23

7,346
6,906
3,283
88

1927
January
February
March
April

16
24
23
30

233
193
197
240

1,560

18
37

186
232

7,752
8,459

mo. av
mo. av
mo. av
mo. av
mo. av
mo. av
mo. av

1926
January
February
March
April
May
June
July
August .

May
June
July
August _

-

9

5,290 » 33, 455
3,903
31, 325

Wholesale prices 3

9 25, 523
23, 546

7,530
7,246
7,244
6,282
7,280
8,234
7,779

2,262
2,560
1,921
2,472
3,254
3,182
3,209
2,549

676
753
560
647
922
929
863
650

Tons per
day

Per
cent

Basic Com(valley posite
furPig
nace) iron 5

Dollars per long ton

87
87
89
68

252 74, 507
268 84,080
187 62,390
230 83, 539
319 106, 775
338 106, 499
352 8108,950
241 81,900

60.8
63.7
44.5
55.0
81.4
83.2
83.1
56.3

$15. 60
16.01
13.90
14.87
21.07
41.45
34.44
30.28

$14. 71
12.87
13.74
19.76
38.98
32.50
27.68

$15. 21
15.42
13.52
14. 15
20. 31
39.99
34.38
29.92

4,531
2,030
3,355
5,191
3,833
4,564
4,863

29, 753
33, 330
33, 751
31,036
31, 639
30, 422
29, 860

21, 211
24, 512
25,642
24, 438
25, 076
24, 319
23, 863

8,542
8,818
8,109
6,621
6,563
6,102
5,998

3,035
1,379
2,240
3,338
2,591
3,033
3,256

824
246
472
805
621
659
750

81
50
32
73
49
48
62

287
97, 561
105 8 41, 353
181
75,164
277 109, 055
203
84,795
216
99,690
221 106, 545

66.5
25.1
43.2
66.2
50.1
55.1
59.4

44.88
25.15
26.93
28.15
22.50
21.66
20.63

42.25
21.74
24.20
25.81
20.24
19.58
18.55

43.80
24.06
25.09
27. 15
21. 87
21.32
21.06

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

32, 035
27, 677
22, 610
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

57
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

1,477
2,396
2,609
2,651

5,194
4,834
4,787
4,796

17, 387
21, 512
26, 691
32, 174

13,063
16, 939
21, 582
26,280

4,324
4,573
5,109
5, 894

3,481
3,235
3,223
3,200

794
770
762
776

73
71
67
59

228
220
216
213

110, 600
106, 140
103, 245
102, 085

61.5
59.6
58.5
57.7

20.64
19.71
19.45
19.26

18.38
18.00
17.63
17.50

21.15
20.62
20.23
20.19

2,586
2,360
1,549
30

4,738
4,948
4,717
4,562

37, 335
42,004
42, 761
38, 426

30, 438
34,407"
35, 098
31,286

6,897
7,597
7,663
7,140

3,136
3,334
3,237
3,091

700
755
752
769

64
70
52
54

216
219
213
203

105, 480
108, 760
105, 850
98, 360 .

58.4
58.9
57.1
54.7

19.39
20.26
20.76
20.51

17.50
18.00
18. 50
18.50

20.18
20.39
20.83
20.77

733

316

4,524
4,234
5,031
5,019

33, 971
29,809
24,809
20,753

27, 279
23, 746
19,569
16,050

6,692
6,063
5,240
4,703

3,104
2,941
3,483
3,422

760
684
808
784

52
51
76
77

208
217
223
220

100, 635
106, 135
113, 435
112, 955

57.0
59.5
61.3
60.4

20.26
20.26
20.26
20.26

18.00
18.00
18.40
19.00

20.16
19.73
19.79
20.04

4,969
6,010

2, 183
2,418

5,013
4,531

22, 971
26, 973

18, 215
21, 922

4,756
5,051

3,391
3,090

772
746

79
69

211
198

107, 445
100, 240

58.3
54.7

20.26
19.89

18.20
17.87

19.89
19.79

September
October. _
November
December .
1
Data on iron ore from the Lake Superior Iron Ore Association, except imports. 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 percent 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. Furnaces reporting,
vary in number from 319 to 341 and beginning with June, 1922, reports from 15 Canadian furnaces are included. Averages are based on the full 12 months of the year.
2
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports of manganese ores exclude ores imported from Cuba since September, 1922, which are shown only in the raw state, but included these ores prior to that date, when they were combined with the manganese content of imported ores.
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 appeared in June, 1922, issue (No. 10), p. 42.
4 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.
« 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,
data7 on the total output of merchant pig iron.
Data on Canadian pig-iron production compiled by Canadian Department of Trade and Commerce, Dominion Bureau of Statistics, comprising complete production.
8
Eleven months' average, February to December, inclusive.
« Nine months' average, April to December, inclusive.




36

Table 14.—CRUDE STEEL AND COKE
U. S. STEEL
CORP.3

STEEL INGOTS

COKE

STEEL PRICES

Production
United States 1

YEAR AND MONTH

Total

1909-13 monthly average .
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
1926 monthly average- _ .

__

3,407

•

1,602
2,881 '

3,624
3,068
3,678

:

106
130
140

92
56
41
74

Dolls,
per long
ton

Dolls,
per

pound

United States 7

ByBeehive product
Dolls,
per long
ton

Dolls,
per
pound

Exports B

Canada*

Connellsulleio
Thous. Dolls,
of long per short
ton
tons

Thous. of short tons

f
4,795
5,907

$10, 370
11, 432

4, 115
5,189

!

i

Thous.
of dolls.

Composite
steel e

5,972

9,722
10, 720

8,635
5,995

10, 866
27, 798
24, 608
16, 613

11,966

$26. 32
22.92
24.76
40.50
70.10
56.68
50.32

$0 0171
.0172
.0152
.0163
.0280
.0446
.0379
.0332

.0196

65.59
40.74
37.86
44.55
40.86
38.83
38.27

.0363
. 0269
.0231
.0295
.0284
.0268
.0264

1,709
462
714
1,615
857
946
972

3,703

$23. 93

25.79
20.08
22.44
43.95
70.78
47.30
40.54

$0.0151

.0284
.0204

.0118
.0128

.0253
.0374
.0300
.0252

2,799
1,945

2,292
2. 955

2.764
2, 540
1, 587

73
73
49
67
87
105
126
53

$2.09

123
159

68
23
38
92
49
71
73

10.79
3.65
7.42
5.55
3.53
4.09
4.14

1,060
935
1,173
1,589
1,870
2.167
2, 095

2.30
1.79
1.89
3.61
8.15
6.00
4.75

10, 022
5,331

14, 724

56.14

7,727

5,648
6,009
3,993
4,324
3,922

8,461
14, 971
12, 745
13, 766
16, 584

34.46
33.95

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

3,722

159
152
158
166

80
76
81
75

2.94
2.84
2.94
3.14

3,743
3,706

166
174
154
157

64
84
67
61

3.49
4.00
4.89
3.91

41.65

.0173

.0242
.0224
.0200

2, 570
1,646

2,379
3,133

2,832

3,911

94

54
63
65

99
98
103
98

69
53
59
80

4,883

4,106

4,380
3,868

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

3,928
3,734
3,635
3,987

September
October
November-.
••- • December.. _ _ _ _

May
June July
August

Thous. of long
tons

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

94
89
87
95

90
81
65
46

3,649
3,479
3,603
3,542

16, 160
15, 949
17, 799
17, 244

35.00
35.00
35.00
35.00

.0195
.0185
.0195
.0195

38.25
37.68
37.69
37.61

.0261
.0262
. 0264
.0264

884
811
963
752

3, 913
4, 074

94
97
89
83

59
64
54
58

3,594
3,684
3,807

17, 584

' 18,992
18, 145
16, 365

35.00
35.00
35.00
35.00

.0200
.0200
.0200
.0200

37.70
38.02
38.43
38.26

.0264
.0265
.0265
.0265

820
867
860
780

89
97
103
97

59
56
107
109

3,800

13, 513
14, 943
17. 129
15, 450

35.00
33.00
34.00
33.25

.0200
.0195
.0190
.0190

37. 76
37.01
36.82
36.76

.0262
.0256
.0255
.0255

787
754
890
780

3,700
3,435
3,879
3,707

176
158
172
170

59
59
46
50

3.88
3.70
3.65
3.49

95
82

97
60

15, 566
15, 024

33.00
33.00

.0190
.0185

36.68
36.64

.0254
.0254

630
577

3,792
3,598

174
166

50
59

2.94
3.17

3,785
4,469

_ _

1927
January _ _ _ _ _ _
February
March__
April

Per
cent

Iron
and
steel s

Wholesale
price

4,132

1926
January
February
__ _
March _ _
_ _
April
May.
June
_
July..—
August ' _ • '

Ratio
to
capac.

Thous.
of long
tons

Production

Steel
Structural
Unfilled
billets,
steel
orders, Earnings Bessemer
beams
end of
Can- month
(Pitts- (Pittsada burgh 0 burgh 4)

_

3,706
3, 467

3, 760
3,781

4,499
4,095
4,015

3,466

4,617

3,961

3, 597
3, 553

3,456
3,051

3,053

37.99
35.45
35.00

3, 326

3,610

3,756
3,749
3.654
3,814

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, 94.43 per
cent in 1924, 94.50 per cent in 1925, and 95.01 per cent in 1926, the total computations to 100 per cent being made by the American Iron and Steel Institute. Data for 1927
are prorated on the 1926 percentage. Monthly data, beginning with inauguration of monthly figures in 1917, are given in April, 1924, issue (No. 24), p. 61. The capacity
figures used in computing the ratio between actual production and capacity are based upon the "practical capacity" as of Dec. 31, 1925, of 50,000,000 gross tons of ingots
annually and of 51,100,000 gross tons as of Dec. 31, 1926.
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 United States Steel Corporation. Monthly unfilled orders, 1913-1921, are given in December, 1922, issue (No. 16), p. 47.
4
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), pp. 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), p. 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: 2H-pound
bars, Impound plates, 1^-pound pipe, Impound wire nails, 1-pound galvanized sheets, and K-pound tin plate.
7
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.
9
Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
10
Compiled by U. S. Department of Labor, Bureau of Labor Statistics, representing beehive furnace coke (range of prompt and future) at Connellsville oVens.




37

Table 15.—FABRICATED STEEL PRODUCTS
FABRICATED
STRUCTURAL STEEL 1
New orders
YEAR AND
MONTH

Computed
total

Short
tons
1913
1914
1915
1916
1917
1918
1919

FABRICATED
STEEL PLATE 2

Shipments

Short
tons

Per
cent

STEEL FURNITURE *

New orders

Total
RaRatio to Com- tio to
Ra- Storage
puted ca- Quan- tio to tanks
cacapac.
pac.
tity
pac.
Per
cent

STEEL
BOILERS 3

Short
tons

Per
cent

Short
tons

Shelving

Business group

New orders

Shipments

New
orders

Num- Thous.
of sq.
ber
feet

Unfilled
orders,
end of
mo.

Shipments

New
orders

Unfilled
orders,
end of
mo.

Dollars

monthly av
monthly av._
monthly av._
monthly av
monthly av__
monthly av__
monthly av_.

105,000
105, 500
149, 800
153, 180
138,600
136, 640
133, 560

50
50
70
69
60
56
53

1920 monthly av._
1921 monthly av__
1922 monthly av_.
1923 monthly av._
1924 monthly av_.
1925 monthly av__
1926 monthly av__

140, 400
92, 750
176, 080
166, 407
200, 217
230, 055
212, 795

54
35
62
64
68
74
67

200, 949
233, 008
236, 910

69
74
75

46, 650
27, 436
30,593
40, 012

61
37
36
52

25, 285
10, 473
8,261
14,614

s$l, 935, 736
2, 235, 635
2, 619, 095

1926
January .
February
March
April

184, 440
184, 440
209, 880
222, 600

58
58
66
70

206, 700
190, 800
244, 860
244, 860

65
60
77
77

27,484
37, 541
39, 764
36, 133

34
49
52
48

8,316
10, 184
12, 693
6,390

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
1,975,884
1, 804, 059
1, 783, 734

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

583, 805
651, 564
582, 734
699, 071

584, 824
633,935
604,991
570, 693

May
June
July
August

235, 320
232, 140
219, 420
254, 400

74
73
69
80

238,500
267, 120
263, 940
248, 040

75
84
83
78

49,971
41, 695
34, 213
48, 138

65
54
44
64

16, 243
11, 114
12, 827
21, 723

2, 575, 561
2, 605, 502
2, 149, 546
2, 342, 615

2, 464, 457
2, 556, 631
2, 283, 666
2, 298, 526

1, 588, 788
1, 535, 166
1, 668, 989
1, 637, 538

617, 260
601, 913
531, 361
545, 901

578, 364
603, 915
600,904
605, 324

587,310
553,660
602, 134
662, 148

September
October
November . _ _
December

187, 620
203, 520
193, 980
225, 780

59
64
61
71

251, 220
251, 220
222, 600
213, 060

79
79
70
67

35, 589
42,007
60, 367
27, 244

47
57
75
34

17, 038
23, 094
26, 269
9,476

2, 449, 906
2, 552, 997
2, 734, 540
2, 934, 331

2, 419, 554
2, 614, 780
2, 603, 152
2, 802, 325

1, 613, 823
1, 687, 319
1, 547, 128
1, 556, 404

588, 096
639, 780
583, 488
621, 773

707, 082
591, 652
573, 957
561, 979

790, 426
745, 364
730, 846
607,656

1927
January
February
March
April
....

171, 720
219, 420
209, 880
238, 500

54
69
66
75

174, 900
181, 260
200, 340
209, 880

55
57
63
66

34,068
57,060
52, 819
44, 581

46
76
71
60

14, 336
32, 983
24, 127
18, 019

1,021
1,101
1,413
1,551

1,179
1,390
1,492
1,501

2, 730, 714
2, 686, 419
3, 080, 931
2, 849, 536

2, 886, 815
2, 771, 477
3, 021, 915
2, 750, 877

1, 727, 608
1, 803, 500
1, 743, 968
1, 645, 599

555, 996
607, 622
690, 783
677, 745

576, 377
657, 833
689, 964
621, 888

623, 355
675, 201.
678, 531
627, 266

209, 880
203, 520

66
64

213, 060
235, 320

67
74

35, 615
25, 134

48
34

10, 855
7,301

1,419
1,511

1,355
1, 201

2, 528, 672
2, 519, 512

2, 381, 369
2, 369, 244

1, 597, 944
1, 469, 071

585, 397
657, 927

686, 144
683, 485

731, 157
710, 300

May
June
July.
August

September
October
November
December

.

"

$1, 335, 349
1, 940 874
1, 250, 244
1, 432, 294
1,811,201
1, 908, 965 s$l, 255, 502 6 $566, 648
2, 278, 907
1, 540, 813 556, 493
1, 693, 884 611, 418
2, 616, 098

$285, 119
122, 826
204,983
364, 357
466, 638 «$374, 017
577, 607 ' 482,843
611, 696 639, 499

,'. .
• ,!•

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, Bureaui
of the Census, including reports from the Structural Steel Society. Percentages of capacity calculated from reports of the Bridge Builders and Structural Society up tb'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, reports received from
216 firms (and in addition 20 firms now out of [business) with a total capacity of 249,270 tons in 1922, 253,435 tons in 1923, 265,275 tons in 1924, 282,370 tons in 1025, and
288,695 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, 313,000 in
19252 and 318,000 tons in 1926 and 1927, 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, gas holders, blast furnaces, and miscellaneous, including stacks and ladles, but not separately shown, are
given in press releases issued by the Bureau of the Census.
f
Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 72 firms, estimated to represent about 90 per cent of the capacity of the
industry. Data for classifications included in these totals, covering the principal types of stationary and marine boilers, are given in press releases issued by the Bureau
of the Census each month. Details for the first 5 months of 1927 appeared in July, 1927, issue (No. 71), p. 22.
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 15 companies manufacturing shelving, comprising the entire industry, with few exceptions. Monthly
data 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.
fi Four months' average, September to December, inclusive; previous data not available.




38

Table 16.—STEEL SHEETS AND BARRELS
SHEETS— BLUE, BLACK, GALVANIZED, AND FULL FINISHED 1
Production

Total

Ratio
to
capacity

Short
tons

YEAR AND MONTH

i

Stocks,
end of month

Per
cent

Total

Unsold

STEEL BARRELS *

Price 2

Shipments

New
orders

Unfilled
orders

Y'ngstown
district

Ratio
Producto
tion
capacity ^

Dols. per Number
100 Ibs. of barrels

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 j
5.17 1
4.47 |
5.35
3.46

1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly

190, 864
222, 660
219, 836
293, 499
287, 288

76.5
79.7
74.2
92.8
90.4

108, 709
129, 728
122, 955
137, 863
162, 234

28, 703
35, 336
42, 115
45, 702
50, 085

182, 519
230, 823
209, 329
266, 156
282, 835

203, 869
213, 583
225, 024
273, 281
266, 361

346, 449
450, 750
368, 147
530, 869
530, 595

3.01
3.51
3.63
3.15
3.24

May
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

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
239, 764
293, 703

84.3
84.0
77.3
92.0

178, 539
176, 428
153, 962
147, 862

58, 503
55, 140
46, 031
44, 988

267, 299
262, 231
264, 025
281, 602

201, 743
284, 319
352, 414
283, 055

418, 582
422, 237
520, 281
521, 837

307, 459
278, 455
238, 345

96.2
101.4
86.9
72.3

134, 422
141, 206
165, 114
160, 193

34, 511
40,758
40, 929
49, 182

302, 198
301, 474
262, 797
219,498.

448, 147
212, 029
185, 235
240, 862

731, 977
581,993
500, 120
529,940

January
February
March
April

256,856
282, 171
359, 340
316, 100

83.5
97.4
108.8
103.1

161, 661
157, 614
160, 357
169, 977

44, 974
47, 168
46, 827
46,901

239,019
261, 412
338, 436
300,858

261, 357
241, 951
345,900
292,965

526, 550
513,002
510, 924
491, 290

May
June
July
August

309, 360
300,706

98.7
95.9

173, 986
168, 155

45, 670
47,860

302, 759
281, 395

212, 337
224, 321

439, 067
399.562

average...
average. __
average. __
average
average. __

Per
cent

Stocks,
end of
month

Shipments

Unfilled
orders,
end of
month

Number of barrels

18 1

33.9
M0.7

393, 800
503, 888
549, 045

43.7
48.4

393, 535
504, 364
548, 904

49, 845
52, 614
47, 865

756, 963
1, 169, 763
1, 448, 140

570, 962
514, 913
497, 152
498, 449

47.0
44.0
41.0
39.5

569, 670
5C8, 880
506, 894
495, 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, 221
555, 981
498, 070
474,742

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
585, 734
523, 037

51.3
54.6
47.7
41.0

582, 352
624, 082
593, 611
511, 542

44, 021
46, 751
38, 874
50, 369

1, 209, 815
1, 300, 113
1, 293, 601
1, 170, 998

511, 118
493, 363
510, 489
539, 805

43.6
46.0
48.0
50.0

508,548
497, 031
505, 383
546, 392

52, 939
49, 271
54,377
47,790

1, 288, 431
1, 149, 325
1, 732, 007
1, 845, 987

529, 137
504, 134
575, 850
599, 771

48.1
46.2
51.7
53.8

525, 518
503,183
568, 821
609, 090

51,409
52,360
59,389
50, 070

1, 788, 194
1, 663, 772
1, 545, 980
1, 365, 555

588,077
594, 782

52.2
53.1

575, 712
605, 123

62, 435
52,094

1, 197, 894
1, 198, 839

1935

1936
" January
February _
March
April
May
June
July
August _ _

September
October- .
November
December..

__

._ _

_ __

_ __ 314, 598

3.05
3.05
3.05
3.10

3.20
3.25
3.25
3.25
3.25
3.25

1937

September
October
November
December
1

3.10
3.00

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.
3
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 prior to October, 1926, which were compiled by the Steel Barrel Manufacturers' Institute. 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), 4p. 77, while orders data for 1920 may be found in September, 1923, issue (No. 25), p. 54.
Compiled by the Steel Barrel Manufacturers' Institute, through September, 1926, 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, issue (No. 55), p. 24. Beginning with October, 1926, these data are compiled by the U. S. Department of Commerce, Bureau of the Census,
from5 the same firms as contribute the other steel barrel data.
Ten months' average.




39

STEEL CASTINGS 3

MALLEABLE CASTINGS 1

Production

Production
ShipNew
Ratio ments orders
Total tocapac.

YEAR AND MONTH

Short
tons

Per
cent

TRACK
WORK4

New orders

IRON AND
STEEL »

ImRatio
Ratio
Miscel- ProMiscelTotal toca- Rail- laneous Total toca- Rail- laneous duction Exports, ports,
total
road
road
total
pac.
pac.
Per
cent

Short tons

Per
cent

Short tons

Long tons

Short tons

IRON, STEEL, AND
HEAVY HARDWARE SALES6

Table 17.—IRON AND STEEL CASTINGS AND OTHER PRODUCTS

Rel. to
Jan.
1921

1913 monthly average .
1914 monthly average.
1915 monthly average.
1916 monthly average.
1917 monthly average.
1918 monthly average.
1919 monthly average.

57, 341
43, 768
64, 447
101, 379
88, 842
110, 182
44, 477

67
?51
72
107
88
105
41

27,600
21, 142
29, 966
54, 645
34, 529
48, 124
13, 692

29, 741
22, 626
34, 481
46, 734
54, 313
62, 058
30, 785

227, 187
128, 256
293, 088
506, 238
532, 170
444, 091
362, 920

26, 438
24, 831
23, 572
26,904
27, 419
13, 972
26, 854

1920 monthly average.
1921 monthly average.
1922 monthly average.
1923 monthly average.
1924 monthly average _
1925 monthly average
1926 monthly average.

79, 263
29, 891
77, 732
89, 765
79, 459
76, 954
82, 992

68
25
67
74
62
59
63

33, 080
12, 210
38,890
40, 318
40, 394
32, 102
31, 873

46, 183
17, 680
38, 842
49, 447
39,065
44, 852
51, 119

17, 639
12, 781
14, 283
14, 882

405, 644
182, 661
167, 515
167, 565
150, 580
146, 881
180, 587

34, 546
10, 075
64, 115
59, 961
38, 868
70, 488
77, 268

122
157
139
143
167

2

59, 052
49, 201
57, 829
55, 945

2

58.2 2 57, 241

2

46.0
54.7
54.3

47, 951
54, 747
53, 405

41, 204
45, 795
51, 037
47, 543

91, 234

69

33, 618

57, 616

1925

IVtay
June
July
August

57,289
55, 143
53, 450
53,221

54.3
51.6
50.1
50.0

57, 260
54, 510
51,384
49, 486

47, 247
44, 026
52, 916
45, 142

65,009
63, 839
69, 058
67, 933

50
49
53
52

22, 989
23, 389
26, 462
25,690

42,020
40, 450
42, 596
42, 243

17, 075
17, 416
13, 858
12, 982

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

62, 223
75, 602
50, 618
57, 099

139
141
145
144

September
October
November
December
1926
January
February
March
April

54, 943
64,216
58, 315
61, 791

51.7
61.3
56.8
59.5

50, 621
55, 795
51, 866
55, 713

46, 530
61, 778
52, 053
51,400

60, 547
76, 570
84, 938
101, 390

46
59
65
78

20, 992
27, 484
39, 077
50, 654

39, 555
49, 086
45, 861
50, 736

11, 373
12, 689
12, 281
13, 475

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

61, 015
69, 280
70, 261
85, 652

145
160
138
142

_. 58,871
62, 574
70, 474
62, 812

56.3
59.7
67.6
60.3

52, 287
59, 845
65, 989
62, 333

61, 120
54, 118
55, 027
49, 599

93,588
92, 335
111, 150
108, 203

71
70
84
82

37, 321
41, 208
47, 604
41,961

56, 267
51, 127
63, 546
66, 242

108, 709
95, 368
108, 626
88,990

82
72
82
67

51, 574
41, 816
46, 655
26, 715

57, 135
53, 552
61, 971
62, 275

15,247
16, 158
19, 756
16, 660

174, 585 . 71,838
157, 187
92, 681
169, 438
83,808
194, 449
98, 442

135
121
176
178

May
June
July..
August

55, 803
56, 659
51, 568
53,796

54.3
54.5
50.4
52.0

54,908
57, 641
50, 998
53, 586

45, 376
42, 813
52, 716
45, 802

97, 868
95, 323
87,040
81, 422

74
72
66
61

42, 425
34, 421
30,694
26, 088

55, 443
60,902
56,346
55, 334

80,800
69, 835
76, 276
68, 127

61
53
58
51

31,388
16,018
29, 266
22,998

49, 412
53, 817
47, 010
45,129

16, 228
16, 255
13, 853
13,004

173,418
159,506
194, 717
171, 588

92,201
107, 712
61, 795
75,248

176
180
165
168

September..
October
November
_
December
1937
January
February
March
April

54,630
53, 963
43, 214
46, 977

53.2
52.7
42.7
48.2

50,885
49,738
41, 102
41, 545

43, 874
43, 322
39, 017
37, 737

79, 471
79,804
86,569
82,034

60
60
65
62

22, 837
25, 737
24, 421
28, 699

56,634
54,067
62, 148
53, 335

67,363
74, 680
71, 124
86,006

51
56
54
65

22, 031
27, 827
28,079
38, 111

45, 332
46, 853
43, 045
47, 895

13, 308
14, 016
11, 093
13, 010

182,071
172, 070
219, 830
198, 189

68, 334
64, 722
58,472
51,964

172
181
174
172

47, 454
58,882
61,945
55, 318

47.7
60.3
61.5
55.3

44, 717
50,264
60, 363
56, 595

46, 872
54,237
50, 056
53,002

84, 616
85, 383
97, 256
90, 498

64
64
73
68

32, 982
33, 250
38, 784
36, 693

51, 634
52, 133
58, 472
53,805

101, 708
91, 707
82,488
78, 282

76
69
62
59

48, 717
39, 792
31, 380
31,004

52, 991
51, 915
51, 108
47, 278

11,626
11,724
16, 778
14, 891

215, 235
166,128
171,094
192, 339

42, 219
31,908
47, 312
42,550

169
165
200
199

May
June _._
July
August

53, 698
53,843

53.4
53.6

53,501
51,306

46, 119
42, 885

81, 877
81,806

62
62

31, 659
30, 538

50,218
51, 268

66,661
84,366

50
63

24, 644
34, 702

42, 017
49,664

14,465
12, 812

202, 708
184,364

55,836
49,599

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 nomnember firms to the U. S. Department of Commerce, Bureau of the Census. Reports are by 123 identical
firms with a present capacity of 133,000 tons per month, of which 60,100 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. 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 from 1920 appeared in the March, 1927, issue (No. 67), p. 23, annual capacity data being given on p. 24.
4
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
track work (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.
5
Iron and steel exports and imports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The exports prior to 1922 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, which is not more than about 5 per cent larger, on the average, than the data for the comparable
items. Imports are identical throughout the period, with a few minor exceptions.
6
Data
Digitized for mated to represent about 10 per by jobbers of hardware, steel, and by American Iron,jobbing trade, including iron, steel, motor accessories, andfrom about 75 hardware.
FRASER on the value of sales cent of the entire iron, compiled heavy hardware Steel, and Heavy Hardivare Association, comprising reports other heavy firms, estiMonthly data from
http://fraser.stlouisfed.org/ 1922 appeared in March, 1927, issue (No. 67), p. 26.
Federal Reserve Bank of St. Louis

40

Table 18.—IRON PRODUCTS
CAST-IRON BOILERS AND RADIATORS 2

Meltings
YEAR AND MONTH

Ratio
Actual to normal
Long
tons

Total stocks,
end of mo.

OHIO FOUNDRY IRON 1

tt
£*
B
tf

320.7
51.8
73.8
67.6
77.8
81.9

93
89
85
91
91

37
58
52
66
71

1924
September
October
November
December

14, 721
15, 407
16,209
14, 471

54.5
64.5
62.8
63.0

83
85
98
76

16, 516
17,605
21, 035
19, 954

70.7
71.4
74.9
74.0

94
106
94
92

May
June
July
August

20,311
19,940
17, 117
15,353

77.8
73.0
85.3
76.8

September
October
November
December

19,125
25,002
15,953
15, 678

1926
January
February
March
April

Stocks,
end of
mo.

Thousands of square feet of heating
surface

Thousands of pounds

41
52
60
57

1935
January
February
March
April

Radiators

ShipShip- New Stocks, ProProNew Stocks, ProShip- New
duction ments orders end of duction ments orders end of duction ments orders
mo.
mo.

Per cent of normal
meltings

s 7, 791
12, 183
20, 497
. . 19, 014
18,632
17, 660

Square Boilers

Round Boilers

1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo av
1926 mo. av...

16, 848
18, 126
19, 526
19, 444

16, 177
17, 339
18, 935
20,412

72
58
.64
54

17, 612
18, 054
19,649
20,245

108
84
84
79

59
61
70
61

84.3
92.5
75.4
78.0

88
92
83
88

16, 797
16,123
21, 162
16,908

76.0
73.9
90.3
86.0

May
June -._
July
August

17, 518
15,025
18, 472
20,846

September
October.
November
December
1927
January
.
February .
March
April
May
June
July
August

September
October
November
December
1

17, 652
18, 753
20, 903
20, 596

16, 641
17, 354
20, 480
21, 561

11,887
12,183
14,064
18, 073

20,552
19, 973
20,163
20, 560

18, 919
18, 305
19, 722
19,142

18,811
16, 513
20,017
22,785

78
69
68
74

18, 830
24, 310
19, 810
19, 715

23,674
28,889
22,920
17, 407

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
14, 150
19, 987
19, 974

76.2
80.3
76.8
. 87.6

95
88
79
84

69
74
56
71

20, 660
20, 982
17,058
18, 174

18, 881
16,883
20,882
27, 393

15,427
14,365
21,009
18, 270

85.8
81.3
86.0
82.4

101
87
82
99

85
58
82
72

22, 359
17, 676
15, 914
12, 245

13, 613
13, 101
20,389
19, 189

71.3
84.6
96.6
90.6

91
105
96
99

62
74
84
79

20,117
15, 891

86.5
84.1

111
99

86
83

12, 670
12,623
13, 486
14, 519

11, 939
12, 304
13, 769
14, 349

13,877
13, 514
14, 431
17,657

13,281
12, 349
11,527
12, 625

10, 378
8,898
9,463
11,565

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

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

74, 324
85,332
94, 657
102, 248

20,802
19, 471
20,274
22, 012

13, 846
12, 736
12, 266
15, 012

14, 617
14, 341
18,033
18, 022

89,567
93, 198
102, 007
108, 944

15, 342
15, 360
15, 740
16, 366

20,056
18, 162
23,157
29,858

104, 917
109, 243
107, 171
102, 913

20,933
20,655
18, 257
21,444

19, 181
16, 502
23,991
30, 249

20, 538
18, 214
27, 904
33, 187

110, 533
114, 515
111,713
105, 071

27,929
30, 978
26, 175
18, 177

30, 820
24,830
23,966
12,768

101, 047
89,849
81, 010
74, 967

26, 191
22,338
19,229
15, 543

31,888
35, 354
27,777
19, 932

37, 305
28, 170
28,255
14,156

17,164
20,202
27,669
23,719

12, 692
16, 130
15, 864
19, 352

10,604
15, 276
19,404
17, 627

82, 765
89,880
101, 393
106,225

20,658
21, 331
25, 437
20,442

13, 105
13,527
13, 132
16,164

23,128

20,992

23,086

108, 721

21, 367

18,539

20, 917

93, 973

22,729

97, 756

16,325

43, 024

10,004
9,770
8,810
10, 592

10, 576
12,202
17, 778
14, 210

32, 115
38,053
45, 059
50,897

14, 113
13,834
14,424
14,308

14, 355
10, 824
14,983
19,845

16, 489
13,486
16, 243
23,028

50,853
53,638
52, 115
46,519

99, 982
84, 437
77, 150
72, 951

15, 551
15,000
12,356
11, 829

18,766
20,173
19,631
14, 435

21,080
18,257
20,236
12, 316

44,534
39,409
32,375
29,915

10,896
12, 473
16,085
15, 610

81, 849
89,855
101, 042
105, 300

14,226
14, 842
17, 261
15, 326

9,534
9,770
8,965
10, 594

9,240
7,393
11,588
10, 873

34,464
40,452
48, 714
53, 598

21, 439

106, 933

14, 797

12,965

15, 810

60, 439

i

|j

40
Owing the varying capacity
Data on gray iron foundries in Ohio from Ohio State Found 'men's ^Association, comprising reports from *„,} to 70 firms each month. v^* to iparison. Detalis as of
__i
^
.-„.,-_ i
i
4.
—4.— !,„„,•„ *„„
to
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. Detalis as to
•ms appear*
class of receipts and stocks are shown on the association's reports. Monthly data from 1922 on receipts and stocks and total normal melt of reporting firms appeared in March,
1926, 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.




41

Number of machines
1919 mo.
1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.

av
av
av
av _
av
av
av
av

Pitcher, Power
and
hand
and hydro- Total
wind- pneu- value
mill matic
Dollars

UnNew Ship- filled
orders ments orders
Thousands of dollars
$1, 882

254, 075
225, 891
239, 463
266, 358

1936
January
February
March___
April..

258, 238

May

June
July
August

270, 934

September
October
November
December

216, 148

74, 071
34, 691
48, 203
59, 036
60, 741

2,673

85, 754

47, 128
24, 117
35, 244
46, 197
51, 005
61, 073
70, 307

678

68, 753
77, 164
92, 832
92, 582

54, 557
61, 509
74, 859
74, 522

723
637
911
715

89, 150
90, 758
85, 799

72, 865
73, 258
69, 762
70, 592

76,308

73,506

84,912
93, 801
89, 645
81, 394

75, 459

82,263

70, 340

67, 214

74,563

55, 319
62, 510

81, 522

64,961

94,725

78, 993

6,566

5,627
4,510

9 51, 566 9 2, 029 9 $455, 512
2,049 481, 371
49, 804
45, 021 2,235 469, 503
58, 845 3,071 582, 347
45,300 3,232 508, 288

1,072
1,406
1,679
1,212
1,452
1,582

2,609
3,009
3,226

506, 934
493, 381
540, 814
487, 763

46,000

3,330
4,085
3,653
3,225

38,578

3,173

3,333

50, 269
56, 255

5,856

51,118

5,915

42, 984

674
693
785
652

7,004

38, 570
59, 417
51, 874

632
634
583
500

7,534
7,463

8,318

7,830
7,578

69,654

6,310

4,848

39,409

581
581
790
838

4,886
4,975

45,283

6,380

46, 921
42, 532
47, 430

1,028
939

. 320, 110

39, 912
29, 208

7,501
8,410

37, 562
44, 910

3, 167

3,451
2,517

$1, 462

$6, 076

2,543 12, 653
,468 5,974

Number
3,073
3,097

100.8
86.2
113.0
138.0

3,564
3,506
4,639

63
55
72
46

34
54
69
55

119.0
152.2
176.4
146.3

119.4
147.4
176.7
147.5

116.9
177.3
175.0
140.3

141.3
136.1
141.4
146.4

3,625
4,495
3,334
4,254

53
68
49
39

40
42
37
78

154.1
180.7
156.4
154.3

155.9
191.4
162.5
141.8

144.4
124.4
124.5
219.7

145.4
143.8
140.1
131.6

3,115

43
40
52
51

30
32
79
63

123.5
84.7
77.0
82.8

112.4
81.8
68.4
80.4

182.1
99.8
121.9
95.8

135.7
131.0
130.8
124.8

42
48
53
50

64
55
79
124

103.7
140.4
187.4
152.3

105.6
133.5
185.1
154.8

93.5
176.2
199.8
139.2

136.9
138.6
136.0
145.9

86
44

65
76

150.2

154.7

123.0

138.0

1,193
1,275
1,408
1,460

2,910
2, 892
3,121

3,138

475, 475
648, 045
581, 726
561, 064

1,730
1,834
1,594
1,947

1,603
1,698
1,611
1,919

3,546

473, 617
463, 522
448, 140

1,468
1,484
1,462
1,533

1,703
1,540
1,674
1,541

3,332
3,256
3,029
2,992

1,634
1,390
1,800
1,405

1,112
1,486
1,482
1,565

3,499
3,384
3,686
3,525

4,067
3,554

1,497

1,511

3,482

4,524

418,971

Relative to 1923-1925

90.2
86.0
123.7
144.2

1,331
1,280
1,656
1,669

3,586
3,606

&

92.5
90.5
117.1
132.0

3,871

3,619

a

92.1
89.8
118.2
134.0

3,157
3,201

2,676
3,273

3,385

3

65
73
55
49
59
58
63
51

4,631
1,252

Shipments

68
65
57
49
49
52
61
53

,254
,753
,280
,394
,552

5,430

AGRICULTURAL
MACHINERY AND
EQUIPMENT s
Production

Steam, power, and
centrifugal 6

Shipments

Number of units

PATENTS
GRANTED *

Domestic

Total Electric Shipments

Domestic 3

Agricultural
implements
Int. com bus.
engines

Shipments
Shipments

PUMPS

Total,
all classes

YEAR AND
MONTH

WASHING
MACHINES 2

WATER
SYSTEMS *

VACUUMCLEANERSi
(qtly.)

WATER
SOFTENERS 3

Table 19.—HOUSEHOLD MACHINERY AND PUMPS

3,220
3,550
3,729

3,239
4,330
3,512

1927
January
February
March
April.. _.

274, 089

May
June
_
July
August _

September
October
November
December

5,731

3,029
3,148

3,137

*

1 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.
2 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
hand machines, separately, are given in November, 1924, issue (No. 39), p. 97.
s Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 11 manufacturers, covering domestic water softeners. Values of shipments are
given on press releases.
* Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 32 manufacturers. Details by classes are given in press releases.
« Compiled through 1926 by the Federal Reserve Bank of Chicago, covering 22 firms in 1922 and 1923 and 19 firms thereafter; the total shipments include, besides the articles
shown in the other two columns, the value of cylinders shipped separately. Beginning with 1927, these data have been compiled by the U. S. Department of Commerce,
Bureau of the Census, but the figures on power and hydropneumatic pumps and on the total value of all pumps are not comparable to previous figures. Details by classes,
showing units and values as between domestic and foreign shipments, are shown on monthly press releases.
e Compiled from data furnished by the Hydraulic Society, the original figures being prorated to compare with reports from 23 identical firms beginning with April,
1925. The number of members reporting gradually increased from 14 in 1919, representing about two-thirds of the 1925 membership, until the full 23 companies reported.
These totals are believed to represent about two-thirds of the industry, and in 1923 these shipments represented about 23 per cent of the total production of all pumps and
pumping machinery according to the census of manufactures. Details are given on the association's reports as to single steam pumps, duplex steam pumps, power pumps,
centrifugal pumps, and reciprocating deep-well pumps. Monthly data from 1919 appeared in the February, 1927, issue (No. 66), p. 24.
" Patents granted compiled from the official records on file in the U. 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 8to 1918 appeared in February, 1925, issue (No. 42), p. 64.
Compiled by the Federal Reserve Bank of Chicago, covering 90 manufacturers, estimated to represent 80 per cent of the industry. The production figures are based on
the employment data of 88 firms and the shipment figures on the value of goods shipped by 90 firms (60 reporting foreign shipments). Details for each class, segregated
as to foreign and domestic shipments, are shown separately in the monthly summaries of the Federal Reserve Bank cf Chicago. Monthly data since January, 1923, were given
in the March, 1927, issue (No. 67), p. 24.
a Eleven months' average.




42

Table 20.—INDUSTRIAL MACHINERY
FOUNDRY EQUIPMENT 1

STOKERS 2

Unfilled
orders,
end of
month

Sales
(new orders)

New
orders

YEAR AND MONTH

Shipments

Number

Dollars
1919
1920
1921
1922
1923
1924
1925
1926

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average.-

Total
h. p.

MACHINE
TOOLS 3

ELECTRIC HOISTS *

Unfilled

New Ship- ororders m'ts ders,

Shipments

New orders
No.

Value

Relative to average No. of
shipments, 1922-1924 hoists

Dollars

end
mo.

6 $97, 284 6 $101, 843
275, 955
256, 869 7 $369, 816
379,464
586, 583
403, 443
306,664
469, 183
311, 892
511, 148
388, 775
363, 566
534, 093
437, 606
449, 662

234
183
73
130
122
94
112
113

52, 732
65, 920
27,262
60, 409
60, 871
42, 857
46, 111
45, 519

261
202
38
77
134
94
150
162

8

ELECTRIC OVERHEAD CRANES 5

Unfilled

Ship- New orders,
ments orders end of

month

Thousands of dollars

153
167

8290
294

311
300

$167, 929
160, 016

$154, 073
165, 089

$574
316
881
785
812
977

$226
575
764
742
898
974

8

$4, 036

1925
296, 438
424, 054
480, 328
416, 610

351, 121
400, 646
414, 148
472, 144

544, 042
518, 795
593, 456
550, 016

119
114
76
108

38, 155
53, 451
33, 461
47,104

149
208
189
162

165
132
161

279
297
293

261
350
388
408

151, 913
207, 761
213, 130
216, 966

118, 166
156, 508
179, 286
217, 715

786
815
1,011
1,010

730
1,085
613
1,380

1936
January
February
March
_ _ _
April

414, 121
472, 814
483, 010
434, 626

445, 377
422,004
525, 655
402, 494

501,
536,
504,
506,

793
978
671
214

72
83
132
145

36, 913
33, 141
52, 312
70, 055

145
146
183
134

166
163
195
162

319
300
282
247

305
321
385
282

152, 938
166, 243
234, 032
134, 109

169, 024
210, 673
191, 188
128, 140

777
1,130
814
1,180

913
971
1,114
901

May
June
July
_._
August

425, 638
407,940
378, 163
391, 935

415, 082
417, 632
448, 390
384, 924

524, 382
511,290
411, 119
422, 148

129
175
125
104

48, 482
68,408
50, 494
38, 852

112
186
173
167

150
159
146
130

214
255
277
308

253
332
293
273

147, 447
178, 426
171, 871
165, 773

185, 607
159, 124
130, 234
150, 419

1,021
1,031
860
982

904
915
1,378
777

400, 464
396, 354
454, 536
736,348

377, 798
447, 189
405, 345
559, 376

522, 273
524, 612
570, 608
873, 030

127
112
85
72

44, 211
40, 780
27, 606
34, 974

194
195
175
134

157
193
184
193

363
350
340
278

326
233
290
312

153, 632
128, 137
130, 257
157, 329

173, 958
169, 245
139, 231
174, 220

1,048
893
978
1,008

1,016
1,429
585
785

4,406
3,964
3,738

832,073
865, 356
640, 363
601, 941

453, 095
589, 024
736, 280
714, 192

1, 204, 781
1, 385, 498
1, 274, 658
1, 070, 713

69
105
115
77

' 40,467
41,400
49, 694
26,249

123
143
152
126

138
155
158
138

248
234
226
216

262
269
291
284

134,006
148, 381
144, 305
138, 829

139, 522
127, 459
139, 528
138, 510

704
934
1,065
909

888
694
750
660

3,971
3,352
3,042
2,772

619, 999
514, 599

599, 921
617, 919

899,399
683, 543

97
153

43, 601
64,804

127
139

135
142

198
200

330

171, 192

124,729

671
797

487
964

2,555
2,646

September
October
November
December

.

September
October
November
December

....

1927

January
February
March
April
May
June
July

.
_
_

October
December
1 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. In
1926 and 1927, when a varying number of firms reported, ranging from 13 to 18, the figures have been computed by the link-relative method.
2 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.
3 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, shipments, and unfilled orders at the end of the month.
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, 4 issue (No. 32).
Compiled by the Electric Hoist Manufacturers' Association from the reports of 9 firms.
8 Compiled by the Electric Overhead Crane Institute, from reports of 11 manufacturers, estimated to cover 98 per cent of the output of electric overhead cranes for
factories, etc. Monthly data from January, 1925, appeared in March, 1927, issue (No. 67), p. 26.
6
Seven months' average, June to December, inclusive.
? Eight months' average, May to December, inclusive.
8 Three months' average.




43

Table 21.—AUTOMOBILES
EXPORTS 2

PRODUCTION i
Canada

United States
YEAR AND
MONTH

Total

Passenger Tr'ks
cars

Total

Passenger
cars

Tr'ks

FOREIGN
ASComplete or chassis
Complete or chassis SEMPasBLIES senger
Acces(3)
cars
sories
and
and
PasPasmotorTotal senger Tr'ks parts Total senger Tr'ks
cycles
cars
cars

Thous.
ofdols.

Number of cars

1913
1914
1915
1916
1917
1918
1919

2,241
2,147
5,330
6,737
6,686
3,937
6,894

2,157
1,861
3, 489
5,160
5,480
3,078
5,595

84
286
1,841
1,577
1,207
859
1,299

$523
472
1,389
2,001
2,635
2,801
3,547

8297
596
1,434
1,457
1,840
3,386

14,304
3,203
6,520
12,658
14,894
25, 245
25,483

11, 876
2,579
5,566
10,586
12, 615
20,358
19, 866

2,428
623
954
2,072
2,279
4,886
5,617

7,183
3,255
3,192
4,915
6,147
6,693
6,991

11, 781
14, 761
17, 989
17, 929

3,698
4,077
4,385
3,573

24, 934
21, 751
15, 208
15, 285

21, 429
18, 818
12, 953
12, 782

42, 433
39, 577
31, 446
26, 068

17, 495
14, 670
9,828
7,752

196, 989
260, 644
341, 673
353, 223

37, 242
38, 121
45, 165
44, 554

352, 428
274, 374

43, 246
40, 178

mo av
mo. av_._
mo. av._.
mo. av...
mo. av
mo. av___
mo. av...

40, 417
47, 421
80,828
134, 809
156, 162
97, 557
161, 133

38, 458
45, 307
74,j661
127, 132
145, 483
78,620
138, 138

1,958
2,115
6,167
7,678
10,680
18, 938
22,995

1920 mo. av._.
1921 mo. av...
1922 mo. av___
1923 mo. av...
1924 mo. av.__
1925 mo. av...
1926 mo. av...

185, 612
133, 069
212, 015
328, 688
291, 279
345, 780
351, 620

158, 797
121, 093
191, 910
299, 161
262, 083
308, 041
313, 755

26, 816
11, 976
20, 104
29,527
29,196
37, 739
37, 865

8 2, 613
8,504
12, 203
11, 271
13, 449
17, 093

8 2, 315
7,909
10, 769
9,814
11, 609
13, 707

January
February
March
April

300, 612
354, 431
422, 728
430, 523

272, 922 27, 690
319, 763 34, 668
381, 116 41, 612
383,907 46, 616

15, 479
18,838
22, 374
21,502

May
June
July
August

417, 211
380, 372
354, 394
422, 294

373, 140
339, 570
317,006
380, 282

44, 071
40,802
37, 388
42, 012

September
October
November
December

393, 356
329, 142
250, 950
163, 429

350, 923
289, 565
219, 504
137, 361

January
February
March
April

234,231
298, 765
386, 841
397, 777

May
June
July
August

395, 674
314, 552

SALES* GENERAL MOTORS
CORP. 6

Canada

United States

Thous.
of dols.

Number of cars

i,
la

P.Ct.

tot.

Sales
To
To
dealers users
Number of cars

1,912

500
468
1 123
1 048
791
694
1,633

6226
279

7$109,010

1,918
894
3,163
5,827
4,721
6,182
6,194

1,506
775
2,950
4,790
3,657
4,834
4,469

412
118
214
1,037
1,064
1,349
1,725

8,851
11, 862
15, 322
14, 530

139, 146
84, 518
125, 036
183, 342
160, 442
191, 315
209, 073

28
37
43
63
82

38,064
66, 546
48,945
69, 659
102*, 904

37, 195
60,940
54,797
68,921
101, 319

26, 312
28, 232
27, 952
31, 189

21, 171 5,141 6,804 5,159
22, 355 5,877 7,942 8,408
22, 278 5,674 9,953 10,888
23,152 8,037 8,867 4,101

3,760
5,936
8,033
2,661

1,399
2,472
2,855
1,440

17, 234
17, 547
20,287
19, 777

142, 705
202, 935
336, 497
322, 051

84
82
78
76

76, 332
91, 313
113, 341
122, 742

53, 698
64, 971
106, 051
136, 643

3,505
2,933
2,255
2,503

28,482
19, 934
22, 486
20, 272

22, 120
15, 354
17, 077
16, 130

7,062
6,113
7,527
5,705

5,594
4,541
4,158
3,045

3,977
2,979
2,641
2,448

1,617
1,562
1,517
597

11, 391
15, 431
12, 299
11, 647

175, 755
242, 398
160, 767
237, 931

79
81
84
81

120, 979
111, 380
87, 643
134, 231

141, 651
117, 176
101, 576
122,305

12, 624
10, 595
6,774
6,052

4,871
4,075
3,054
1,700

27,001
20, 395
27, 873
25, 663

20,038 6,963 6,773
16, 348 4,047 5,534
20, 562 7,311 6,550
21, 805 3,858 5,559

6,471
7,546
8,793
5,620

4,483 1,988
5,439 2,107
6,435 2,358
784
4,836

8,514
12, 919
13, 962
13, 348

256,631
171, 915
170, 567
88, 729

81
81
84
89

138,360
115, 849
78, 550
44, 130

118, 224
99,073
101, 729
52,729

15, 376
18, 655
22,623
24, 611

11, 745
14,826
19, 089
20,890

3,631
3,829
3,534
3,721

29, 835
31, 524
39, 527
46, 703

22,122 7,713 7,411
21, 355 10, 169 7,991
29, 985 9,542 10, 438
34, 840 11, 863 10, 609

7,466
5,308
9,072
4,075

5,296
3,597
6,512
2,930

2,170
1,711
2,560
1,145

14, 943
16, 154
21,007
22, 264

85,667
149, 437
214, 678
181, 170

99, 367
124, 426
161, 910
169, 067

81, 010
102,025
146, 275
180,106

25, 708
19, 208

21, 991
16, 470

3,717
2,738

49, 052
27, 629

38, 542 10, 510
20,815 6,814

5,588
4,576

3,901
3,089

1,687
1,487

24,490

173, 182
155, 525

171, 364
159, 701

1926

6,362
4,580
5,409
4,142

1927

9, 817

September .__
October
November
December. _
1
Monthly domestic automobile production data beginning July, 1921, represent practically complete production or factory sales~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 production as
compiled by the National Automobile Chamber of Commerce from the principal producers, covering close to 90 per cent of the industry, from quarterly reports of other member
companies, and from annual figures of small nonmember companies, covering the balance of the industry. Canadian figures have been furnished by the Dominion Bureau
of Statistics since January, 1926. Monthly data from 1913 appeared in June, 1927, issue (No. 70), p. 22.
2
Automobile exports compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3
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 4they are represented in the value of parts exported.
Computed from tax collections by the U. S. Treasury Department, Bureau of Internal Revenue, to represent actual sales values and not merely the taxes on those values;
the sales actually took place in the previous month. 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. Sales of accessories can no longer be computed owing to the elimination of tax under the act of 1926.
« 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 other figures comprise, in addition to these cars, the Chevrolet commercial cars and trucks, 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.
6
Nine months' average, April to December, inclusive.
7
Seven months' average, June to December, inclusive.
8
Six months' average, July to December, inclusive.




44

Table 22.—MOTOR VEHICLES
NEW PASSENGER-CAR REGISTRATIONS
(by price groups) 1

AUTOMOBILE
RIMS 3

ELECTRIC
TRUCKS AND
TRACTORS 2

AUTOMOBILE
ACCESSORIES «
Shipments

Shipments
YEAH AND
MONTH

Total

High- Second Third Lowest Miscellaest
price highest highest price neous

Number of cars

7,113
10, 333

47, 295
52, 102

39, 586
53, 731

147, 531
145, 137

3,790
1,374

1935
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

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

Dfifuvmbfii*

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

1936
January
February _
March _
April... .

192, 994
161,975
273, 260
388, 024

6,417
5,215
10, 426
17, 768

36, 971
29, 575
53, 026
81, 882

32, 612
31, 377
57, 774
79, 585

May
.
June
July
August . . _

396, 504
319, 788
327, 713
303, 757

18, 137
13, 216
11, 553
10, 600

80, 215
61, 366
56, 535
63, 703

September
October
November
December.

258, 431
238, 328
161, 013
130, 336

9,579
9,160
6,650
5,277

1927
January
February
March
April

174, 638
179, 920
259, 499
327,599
314, 988

September
October
November

May '
June
July
August _ _

Shipments

Origi- ReServnal place- Acice
equip- ment cesso- equipries ment
ment parts

Thous.
of rims

Relative to Jan., 1925

Motor
vehicles

Hand
types

Number

j

245, 315
262, 677

_

Exports

Number of vehicles

1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av__
1926 monthly av__

May
June
July
August

Domestic
TracAll
tors other

Production

FIRE- EXTINGUISHING
EQUIPMENT 5

i
16
16

93
94

11
8

1. 358
1,929
1,822
2,167
2,016

156
139

120
124

153.
131

124
156

127
125

51, 581
50, 357

1,808
1,975
2,333
2,755

100
101
138
183

100
86
95
107

100
121
159
193

100
122
162
149

106
88
110
138

54, 188
45, 715
51, 482
55, 734

2, 538
2,124
2,263
1,781

174
164
165
161

134
129
152
130

173
172
149
149

146
159
113
113

142
140
163
131

53, 906
54, 856
55, 185
49, 997

M5

6259

649

"6280

1,318
1,099
783
720

657
17
12
12

6286
108
102
85

612

5
10
10

2,064
2,551
2,198
1,608

179
214
149
141

100
131
133
145

155
163
158
146

123
100
96
110

126
123
128
134

51, 343
51, 408
45, 491
49, 664

115, 643
94, 856
150, 921
206, 045

1,351
952
1,113
2,744

21
15
11
17

86
96
128
90

4
5
8
4

1,980
2,168
2,471
2,286

137
160
182
160

103
114
146
141

127
139
167
176

115
138
205
208

82
86
110
121

43, 659
51, 478
59, 245
52, 874

82, 073
70, 524
71, 371
59, 355

213, 151
173, 312
186, 842
168, 920

2,928
1,370
1,412
1,179

12
21
15
14

87
104
95
81

9
19
1
2

2,179
2,110
2,123
2,379

145
140
135
157

177
135
117
120

183
140
127
131

175
184
142
166

111
150
145
156

61, 526
53, 751
54, 234
50, 659

55, 224
•49, 288
31, 632
25, 810

50, 818
48, 237
33, 621
27, 423

141, 841
130, 650
88, 430
71, 032

969
993
680
794

10
18
18
18

82
97
86
95

5
17
19
5

2,366
1, 829
1,210
1,096

151
125
79
95

120
116
94
109

126
109
83
64

165
145
119
112

128
149
134
131

48, 517
44, 334
43, 315
40, 687

6,291
6,524
12, 086
16, 136

33, 509
33, 507
56, 383
73, 850

34, 249
37, 294
56, 599
75, 312

99, 662
101, 957
133, 694
161, 469

927
638
737
832

6
11
10
12

67
120
96
89

17
7
10
4

1,498
1,753
2,072
2,060

132
158
195
185

107
100
120
117

79
93
135
156

140
155
210
223

88
87
123
117

46, 279
46, 539
48, 955
46,965

13, 732

67, 334

72, 569

160, 704

649

19
20

77
97

10
23

2,169
1,872

184
176

123
130

131
132

192
171

119
127

55, 281
56, 900

641

6

50

September
October
November
December
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 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.
3 Compiled by the Tire and Rim Association of America, from reports of 46 firms representing practically the entire industry. The figures include motor cycle, balloon, high-pressure, truck, and millimeter rims approved and branded by the association after inspection and are given in detail by kinds and sizes in the association
reports. Monthly data from January, 1922, appeared in April, 1927, issue (No. 68), p. 23.
* Sales of automobile accessories and parts shipped to customers by 75 members of the Motor and Accessory Manufactuerrs' Association, the relative numbers being
based on value, with January, 1925, as 100.
6 Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 39 companies, representing practically the entire industry. Further details by
classes are given in press releases. Data compiled by the Fire Extinguisher Exchange from January, 1922, through September, 1923, appeared in the Mav, 1924, issue (No.
33), 6P. 81.
Quarter ending in month indicated.




45

Table 23.—ENAMELED WARE1
BATHS
Ship- Stocks,
ments end mo.

YEAK AND MONTH

LAVATORIES

New Unfilled
orders,
orders end mo,

Ship- Stocks,
ments end mo.

MISCELLANEOUS

SINKS

New
orders

Ship- Stocks,
ments end mo.

New
orders

TOTAL
SMALL
WARE 2

Ship- Stocks,
New
ments end mo. orders

Unfilled
orders,
end mo.

Number of pieces
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly

av
av
av
av_.._
av
av
av

39,831
42, 450
46, 977
51, 181
33, 172
19, 432
34, 625

60, 530
41, 684

21, 514
69, 872

123, 163

47, 754
49, 527
55, 769
65, 230
44, 888
32, 620
45, 768

132, 369
138, 791

34, 322
73, 612

53, 428
57, 789
70, 626
74, 293
48, 419
32, 846
54,584

145, 329
124, 873

33, 422
88, 018

31, 555
34, 655
29, 367
40, 887
22, 201
23, 331
28, 383

25, 427
42, 670

283, 859

47, 410
89, 394
68, 400
51, 260
111, 138
171, 306
151, 371

27, 691
31, 803
60, 931
63, 290
65, 700
58, 535
52, 364

952,334
180,320
406,291
913,480
480, 920
250, 646
162, 217

77, 034
79, 129

1920 monthly av_._.
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av
1926 monthly av

51, 441
41,510
74, 814
90, 396
95, 629
110, 460
99, 595

20, 951
75, 324
41, 768
35, 439
71, 193
106, 995
156, 620

35, 107
40, 911
93,033
97, 316
98,758
115,841
103, 581

326, 490
49, 907
137, 628
253, 957
168, 542
104, 126
71, 230

51, 438
58, 169
91, 512
110, 479
110, 283
127, 356
113,773

43, 302
109, 318
79, 507
56, 408
143, 788
217, 056
236, 642

53, 438
56, 315
117, 222
121, 891
106, 353
131, 741
115, 065

60, 231
66, 458
95, 327
114, 146
120, 381
129, 233
113, 638

66, 333
111, 764
93, 336
59, 188
154, 896
266, 823
283, 031

57, 502
64, 577
124, 179
127, 919
115, 485
133, 381
115, 666

31,062
33, 640
45, 531
57, 913
70, 658
62, 289
50, 003

1925
May
June
July
August

112, 457
118, 448
134, 218
129, 629

119, 104
101, 925
95, 562
90, 441

122, 785
129, 806
140, 692
129, 826

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

122, 564
127, 355
86, 615
93,242

84, 933
85, 555
110, Oil
123, 600

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, 012

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

90, 503
82, 909
102, 284
103, 624

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

116, 740
121, 933
113, 427
114, 748

164, 614
158, 897
149, 829
139, 964

124, 479
119, 554
112, 629
113, 835

90,427
80, 050
73,640
61, 991

125, 241
134, 542
117, 973
122, 523

249, 171
248, 959
238, 556
219, 086

129, 327
130,904
118, 963
119, 924

127, 153
129, 509
117, 263
122, 294

307, 405
294, 587
284, 432
273, 590

126, 732
126, 728
117, 705
127, 758

55, 022
56, 144
48, 162
51, 559

160, 469
157, 030
151, 854
145, 143

59, 786
58, 538
49, 432
55, 657

182, 931
172, 026
160, 665
155, 423

102, 333
98, 237
80, 271
68, 133

149,555
158, 764
161, 391
177, 331

97, 178
92,008
84, 209
80, 023

48, 278
43, 556
38, 801
49,804

130, 131
117, 122
86, 552
74,005

210, 291
208, 406
225, 645
265, 400

115, 797
109, 582
86, 962
92, 759

125, 044
120, 262
91, 699
78, 524

257, 240
246, 816
274, 422
306, 431

115, 973
110, 784
94, 740
97, 081

55, 412
52, 018
40, 247
35, 659

137, 971
135, 600
137, 926
144, 564

51, 483
49, 027
42, 243
44, 914

143, 670
105, 664
96,966
127, 104

83, 117
82, 810
98, 799
99, 993

182, 363
189, 108
186, 642
175, 728

86, 802
79, 810
104, 993
98, 762

47, 343
43, 104
46, 109
44, 405

102, 986
88, 832
113, 983
111, 301

256, 114
267, 550
256, 641
255, 264

106, 720
85, 880
118, 642
107, 102

99, 178
99, 613
1 "'7,784
IK, 302

296, 158
311, 786
325, 102
318, 391

104, 926
94, 215
123, 645
115, 254

40, 465
45, 630
50, 753
49, 018

130, 881
139, 952
133, 431
129, 823

44, 262
43, 349
51, 961
43, 020

117, 617
118,'61'7
115, ^
102, 663

104, 953
110, 314

158, 014
132, 496

109, 224
108, 565

46, 666
42, 214

109, 206
115,301

243, 959
212, 883

116, 205
113, 061

112, 461
121, 326

303, 586
260,412

118, 391
114, 595

49, 844
55, 436

135, 726
128, 122

46, 937
49,188

117,488
113, 021

September
October
November
December

1936
January
February
March
April
_

-.
_ __
_

_ __

May *
June
July
August

September
October
November
December

1927
January
_
February
March
April
May
June
July
August

_ __

September
October
November
December
* 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 22 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.




46

Table 24.—COPPER AND BRASS
COPPER

BRASS
FAUCETS i

PLUMBING FIXTURES
5

Stocks, end mo. Price,
World 2 Domes- Ex- (N.andS.America) ingots,
tic
produc- ship- ports,
election,
Smel- Refined" blister ments,:l refined 4 Refined Blister trolytic
(N.andS.
(New
ter !« America)
refined
York) e

Production

YEAK AND MONTH
Mineo

Dollars Number
per Ib.

Short tons
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

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
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly

51,023
19, 667
41, 154
61, 564
66, 115
70, 176
72, 709

50, 378
23, 938
47, 131
69, 478
74, 872
78, 944
82, 014

69, 615
44, 766
65, 736
96, 990
108, 361
112, 692
120, 038

1936
January
February.. __ _
March
April

71, 026
68,131
75,728
73, 454

78, 576
75,630
80, 719
85, 951

May
June
July
August

_

73, 542
71, 317
72,228
72, 014

September
October
November
December

_
_

average
average
average
average
average
average
average

New orders,
tubular 7

38, 593
35, 003
28, 362
31,906
46, 194
30, 398
21,413

Shipments

New
orders

Dollars

$0. 1527
12
. 1360
1703
.2720
.2718
.2481
.1869

297, 928

Wholesale
price,s
6 pieces

Number of pieces

$67 58

79, 554
113, 016
121, 624
128,406
133, 374

52, 179
25, 605
45, 829
61, 293
62, 782
69, 264
75, 181

25, 888
270, 151
337, 989
26, 178
206, 377
188, 211
177, 928
30, 326
33, 859
120, 427
244, 509
45, 692 s 128, 918 " 241, 659
44,196 i« 82, 726 i6 248, 213
39, 231
73, 390 266, 704

. 1746
.1250
.1338 13 220, 198 3$208, 006
.1442
215, 908 207, 849
265, 748 224, 054
.1303
.1404
242, 535 229, 695
200, 923 204, 108
.1380

126. 45
119. 84
112. 81
107. 64

296, 090
478, 768
437, 252
385, 891
258,285

113, 974
110, 538
121, 798
116, 302

129, 518
126, 455
134, 727
136, 938

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

85, 025
77, 166
76, 479
77, 613

113, 898
116, 743
119, 020
128, 925

136, 468
124, 100
124, 483
128, 568

73, 197
78,206
76, 352
84, 034

36, 263
42, 422
35,300
37, 741

69, 369
66,096
64, 940
66, 658

274, 943
275, 338
277, 888
260, 186

.1360
.1366
.1392
.1417

184, 501
154, 250
174, 145
176, 784

211, 223
173, 223
188, 2C3
214, 370

108. 74
173. 13
106. 78
106.23

219,362
188, 979
225, 831
186, 751

263, 810
199, 475
237, 808
226, 872

72, 627
75,099
74, 947
72, 396

80,320
87, 012
92,768
86, 907

123, 390
123, 120
126, 322
126, 424

132, 013
136, 600
148, 321
142, 300

78, 459
73, 939
74, 207
61, 942

40, 753
36, 563
46, 471
46,932

70, 137
68, 233
73, 856
85, 501

263, 935
267, 866
277, 479
273, 135

201, 998
.1406
155, 0€9
.1386
172, 394
.1358
.1330 1 152, 616

2C4, 256
175, 454
171, 9€3
161, 629

106. 22
106. 19
106. 02
105. 74

261, 055
253, 604
216, 117
137, 634

277,647
311,883
246, 041
142, 661

January
February
Mi arch
April

76, 198
69,202
69, 314
71,122

89, 719
80,065
80, 965
80, 940

133, 110
122, 673
126, 975
125, 796

143, 337
132, 870
136, 347
135, 729

76, 499
67, 564
79, 537
73, 976

43, 879
37, 184
45, 306
46, 908

93, 982
105, 401
103, 072
99, 256

276, 316
272, 757
263, 793
249, 834

.1299
. 1268
.1308
.1281

371, 125
232, 435
239, 248
184, 377

248, 094
208,569
210, 702
197, 545

105. 91
105. 16
105. 17
105.29

390, 798
287, 356

399, 338
280,153

M!a/y
June
July
August

71, 613
69, 539

82, 132
77, 847

125, 581
113, 233

139, 114
134, 243

69, 779
63, 465

38,394
42, 833

108, 079
96, 360

242, 074
257, 623

. 1262
. 1237

231, 868
212,055

222, 555
173, 145

105. 09
104.09

.

14

14

280, 033
519, 970
381, 261
421, 116
276, 236

1927

September
October
November
December

- -

-

1
Data on brass faucets, representing ths total of 22 different kinds of faucets, reported to the National Association of Brass Manufacturers by about 13 members each
month. No data available since February, 1927, the association having disbanded.
2
World production 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 Khodesia. These countries produced about 95 per cent of the world's production in 1922 and about 96 per cent in
1923. The figures are based on smelter production of blister copper without any attempt at segregation according to the country of origin.
s 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.
« 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 8scrap, pipes, tubes, plates, sheets, and wire except insulated wire and cable; other manufacturers of copper included since January, 1922.
Stocks of blister copper, North and South America, including copper "in process," compiled by the American Bureau of Metal Statistics.
6
Price of ingot C9pper, electrolytic, New York, based on averages of daily transactions, reported by the Engineering and Mining Journal-Press.
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.
8
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
1 by the
ireight, on the following competitive fixtures: Bathtub, washstand, water-closet, sink, two-part cement laundry tub, and 30-gallon range boiler.
• Figures on mine production represent practically complete primary production of copper in the United States, as compiled by the American Bureau of Metal Statistics,
since January, 1921. Mine production from 1913 through 1920 is given as reported annually by the U. S. Department of the Interior, Geological Survey.
1° 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.
11
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.
12
Nine months' average.
13
Four months' average.
14
Seven months' average.
» Ten months' average, October and November missing.
16
Eight months' average, January, February, April, and May missing.




47

Table 25.—ELECTRICAL PRODUCTS
LAMINATED
PHENOLIC
PRODUCTS 3

ELECTRICAL
PORCELAIN 2

ELECTRIC
GOODS
(qtly.)1

Shipments

YEAR AND
MONTH

New
orders

Standard

Special

Thous.
of dolls.

High
tension

September
October
November
December __

1926
January
February. _.
March
April
May
June
July
August
September .
October
November
December _ _

1937
January __
February
March
April

227, 503

232, 934

244, 597

251, 756

New orders

New
Orders

Shipments

$723, 692
661,358

Indoor

$844, 597

$871, 130

37, 996
35, 370
37, 208
30, 154

140, 375
158, 064
139, 883
149, 858

31, 354
37, 427
39, 653
29, 436

1, 096, 531
1, 318, 083
984, 598
681, 050

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

85, 503
93, 437
75, 630
86, 986

141, 483
142, 098
154,041
145, 616

43, 974
47, 992
43, 691
51, 872

556, 260
525, 690
613, 645
765, 810

740, 232
904, 269
740, 424
792, 613

793, 832
928, 272
876, 257
876, 297

97, 335
101, 984
90, 428
71, 715

146, 974
148, 970
176, 583
141, 789

43, 052
41, 038
44, 518
30, 335

829, 355
1, 032, 042
834, 884
576, 794

937, 913
801, 036
745, 629
744, 424

745, 783
837, 214
897, 262
907, 971

93, 176
87, 083
108, 688
88, 755

122, 681
115, 043
168, 148
148, 789

35,002
35, 728
42, 391
47, 066

494, 566
439, 334
505, 213
510, 548

692, 583
731, 426
1, 078, 639
736, 081

766, Oil
671, 208
802, 572
737, 349

72, 846

132, 927

496, 592
592, 366

831, 274

753, 547

11, 948

VULCANIZED
FIBER 7

Shipments
Shipments

INDUS- NONMETRIAL
TAL.
RELIC
FLECCONTORS 8 DUITS*

Con-

Hol- sumpTotal low tion
ware

Sales

Shipments

Units

Thous.
of feet

dumber of
pieces

Thous. of
dollars

10

$902

$50

2,879

1, 466, 302
977
1, 387, 165
946
1, 288, 116 1,052
1, 609, 255
964

42
34
65
61

2,630
2,822
3,266
3,182

1, 452, 768
1,422,186

878
855
889
902

61
48
43
42

3,234
3,272
3,020
2,711

113, 716
133, 813

1, 576, 433

913
932
790
731

47
61
48
50

2,682
2,175
2,643
2,908

145, 161
178, 993
157, 713
137, 486

2, 258, 668
2, 055, 172
2, 093, 021
1, 960, 806

795
732
919
796

48
51
57
65

2,939
2,371
3,002
2,701

146, 152
122, 359
135, 084
115, 111

10, 488
8,464
10, 886
10, 365

2, 332, 608

734

57

2,465

123, 080

11, 390

1, 437, 632

Thous.
of Ibs.

11 147, 498

416, 741
481, 664
527, 052
883, 158

100, 898
120, 041
166, 366
93, 502

13, 305

OUTLET
BOXES
AND
COVERS e

Outdoor

Single-pole
units

163, 395
152, 318
156, 694
121, 555

248,000

260, 078

1 to 300 H. P.

112, 563
104, 659
123, 126
111, 002

262, 678

241, 114

POWER
SWITCHING
EQUIPMENT
(quarterly) «

Dollars

1922 mo. av_ $167, 287
1923 mo. av. 221 504
1924 mo. av. 216, 787 10 $71, 607 10 $217, 346 ^SlSl,!?!
125, 447
153, 779
234, 514
35, 091
1925 mo. av
90, 371
151, 503
43, 497
1926 mo. av. 252, 968

1935
Mav
June
July
August

Shipments

ELECTRIC
MOTORS *

May
June
July
August

1, 628, 546

10, 776

7,905

11, 436

10, 191

15, 520

14, 970

15, 486

14, 725

15, 208

17,500

" 460, 599

September _
October
November-December
1 Data compiled by U. S. Department of Commerce, Bureau of the Census, from quarterly reports by 86 manufacturers of electrical goods.
2 Compiled by the National Electrical Manufacturers' Association, 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 Compiled by the National Electrical Manufacturers' Association. This product is sold mostly in sheets, tubes, and cut panels and includes some material for noiseless
automobile gears.
* Compiled by the National Electrical Manufacturers' Association, 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.
fi Compiled by the National Electrical Manufacturers' Association from reports of 10 firms estimated to represent about 90 per cent of the output of this product.
e Compiled by the National Electrical Manufacturers' Association from reports of six firms estimated to represent 75 per cent of the output of this product.
7
Compiled by the National Electrical Manufacturers' Association. Shipments are exclusive of intercompany sales. Consumption represents total vulcanized fiber
paper, both sheet and tube.
s Compiled by the National Electrical Manufacturers' Association from reports of five companies estimated to represent 85 per cent of the output of the product. Details
by kind of reflector and wattage are given in the association's monthly reports. The reflectors shown here are only for industrial use, but most of them can be used either
indoors ot outdoors.
• Compiled by the National Electrical Manufacturers' Association from reports of 10 companies, estimated to represent 90 per cent of the entire industry.
10 Six months' average.
11 Nine months' average.
12
Quarter ending in month indicated,
13 Five months' average.




48

Table 26.—TIN, ZINC, AND LEAD

Stocks
YEAR AND
MONTH'

Deliveries

World
visible

LEAD 3

ZINC 2

TINi
Imports, Price,
bars, (New
U.S. blocks, York) *
etc.

Dolls,
per Ib. Number

Long tons

Ore
Price,
Ore shipments Re- Stocks, Price,
Ore
shipceipts
prime ProJig, deof lead U.S.
ments, stocks, west- ducverized
Joplin
Jo pi in district ern (St.| tion Joplin Utah in U. S. and
(New
district
ore Mexico York) *
Louis) *
district

Retorts Pron oper- duction Stocks
ation, (total at reend of
prifineries
month mary)

Dolls,
per Ib.

Short tons

Dolls,
per Ib.

Short tons

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, 586
18, 803
13, 894
12, 890

1,854
1,700
2,079
3,331
2,284
286
1,630

3,880 $0. 4359
3,536 s . 3430
4,302 .3859
.4348
5,137
5,344 .6180
5,302
.6333
3,337

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

22, 449
20, 139
23, 530
28, 996
33, 546
29,362
33, 622

$0. 0550
.0506
.1306
. 1264 1
.0873 1
.0789
.0699

1920 mo. av.
1921 mo av
1922 mo. av
1923 mo. av.
1924 mo. av_
192'5 mo. av_
1926 mo. av_

4,260
2,156
4,788
5,846
5,344
6,371
6,504

19, 726
19, 697
24, 683
21, 740
21, 254
19, 538
15, 386

3,322
2,351
2,482
2,667
3,251
2,890
2,164

4,689
2,017
5,016
5,745
5,422
6,386
6,424

.4828
.2858
.3183
.4180
.4968
.5679
.6362

89, 737
36, 623
57, 007
84, 634
76, 748
87, 062
87, 105

39, 981
17, 968
31, 140
44, 267
44, 654
49, 244
53,211

40, 443
79,394
36, 385
20,042
39, 226
15, 720
20, 501

46, 461
26, 192
44, 426
58, 126
60, 965
67, 767
70, 072

68,063
58, 649
42, 003
25, 521
23, 544

.0775
.0466
.0572
.0669
.0634
.0762
.0734

31, 383
39, 439
44, 771
51, 981
56, 505
59, 012

7,800 6 38, 938
5,700 21, 181
32, 152
7, 805
7,522 43, 349
8,336 48, 459
67, 586
10, 774
10, 865 65, 532

30, 883
36, 543
44, 506
49, 730
54, 751
56, 503

102, 046
100, 706
116,069

.0796
. 0454
.0573
.0727
.0810
.0902
.0842

1935
September—
October
November..
December _ .

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, 083
81, 295
73, 915
66, 479

22, 810
24, 593
18, 638
17, 479

.0775
.0828
.0861
.0857

52, 522
62, 703
58, 323
61, 386

10, 820
9,703
13, 693
13, 182

56, 810
75, 709
58, 192
64, 554

55, 121
56, 347
57, 370
60,233

96, 932
104, 999
106, 912
105, 629

.0951
.0951
.0974
.0931

1936
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, 569
77,093
71, 811
64, 722

25, 201
21, 528
24, 107
22, 995

.0830
.0776
.0733
.0700

60, 178
56, 397
61, 997
55, 347

11, 976
12,306
10, 212
8,435

71, 645
58, 951
56, 902
75, 563

56, 645
55, 624
58, 575
56, 701

104, 663
105, 417
112, 637
117,563

.0926
.0915
.0839
.0797

May
June
July
August

5,685
6,900
7,630
5,870

18, 045
15, 831
13, 777
13, 352

1,739
2,409
3,014
1,829

6,160
7,230
7,941
5,132

.6017
.5841
.6137
.6388

86, 279
76, 912
83, 980
84, 584

53, 703
48, 226
48, 403
51, 761

29, 934
25, 760
22, 986
18, 164

68, 718
55, 732
73, 409
67, 736

29, 757
31, 885
20, 776
19, 250

.0682
.0711
.0741
.0738

59, 134
56, 302
56, 624
58, 071

10, 765
7,131
11, 566
10, 505

60, 051
62, 418
69, 965
59, 303

57, 178
53, 383
53, 414
56, 530

120, 817
123,099
118, 697
111, 429

.0775
.0803
.0850
.0891

September.
October. ..
November.
December.

5,835
5,955
6,140
6,505

14, 379
14, 841
15, 257
16,326

1,854
1,554
2,304
1,909

6,092
5,126
6,882
6,384

.6654
.6823
.6867
.6664

87,028
87, 028
88, 076
88, 668

52, 144
54, 979
55, 062
56,884

15, 699
15,909
14, 481
21, 887

69, 547
75, 786
70, 045
69, 699

19, 103
26, 287
22, 482
19, 158

.0741
. 0730
.0720
.0702

55, 965
63,250
61, 044
63, 829

12, 879
14, 965
8,641
10, 997

62, 817
76, 317
61, 460
70, 989

56, 754
58, 092
57,023
58, 117

113, 109
118, 311
120, 054
127, 035

.0879
.0840
.0801
.0786

1927
January
February...
March
April

6,295
5,965
6,545
6,720

15, 342
14, 221
15, 441
13, 849

3,304
2,484
1,709
1,704

7,966
4,704
5,946
6,228

.6479
.6653
.6783
.6607

88,908
85,836
83, 208
81, 096

56, 898
51, 341
56, 546
51, 626

29, 912
32, 938
36, 279
41,208

69, 853
46, 6C3
69, 125
71,077

25, 515
29, 202
18, 538
21, 536

.0666
.0667
.0669
.0634

59, 383
54, 151
61, 128
60, 193

10, 812
7,448
10, 164
12, 602

64,768
61, 305
66, 358
76, 452

56, 345
51, 722
58,364
60, 134

134, 682
139, 824
145, 766
160, 437

.0758
.0742
.0758
.0713

6,070
5,735

14, 655
15, 638

1,604
1,519

6,029
5,139

.6394
.6423

78, 057
80, 047

51,296
49, 718

42, 046
43, 858

44, 222
31, 167

27, 984
35, 677

.0608
.0621

57, 285
59, 164

7,581
5,194

63, 518
62, 842

175, 230

.0662
.0641

1913
1914
1915
1916
1917
1918
1919

mo.
mo.
mo.
mo.
mo.
mo.
mo.

May
June
July
August

SeptemberOctober. ._
November.
December .

3,936 '.
3,464
3,734
4,496
5,264
5 561
5,683

$0.0437
.0386
.0467
.0686
.0879
. 0750
. 0576

j
1
1

j

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, shipments of lead ore from Utah, 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. Utah shipments are from the Park City, Bingharn, and Tintic districts and represents totals for 4 weeks,
with a fifth week added in certain months, this accounting for most of the larger fluctuations. Details by districts are given in the bureau's reports and monthly data from
August, 1920, were given in the November, 1926, issue of the Survey (No. 63), p. 14.
* Price quotations, representing averages of daily prices are from the Engineering and Mining Journal-Press; prices on tin and lead are New York quotations and zinc
is from St. Louis.
s Eleven months' average, August missing.
s Five months' average, August to December, inclusive.




49

Consumption

Pro- St'ks, Pro- St'ks,
duc- end duc- end
of
of
tion mo. tion mo.

Thousands of pounds
1923
1924
1925
1926

mo. av.
mo. av_
mo. av. 5,752
mo. av. 5,495

Refined

Crude

YEAR AND
MONTH
Total Direct Sale
to
by conappar- duc- sument
ers
ers

BAND INSTRUMENTS 3

Pails and tubs

Shipments

Total

Cupm'thpiece

GALVANIZED SHEET
METAL WARE *

Saxo- Wood
phones wind

Production

1,177
1,282

1,497
4,575
697
4,213
458

1,072
2,924 1,519
921
3,575
3,149
518

742
3,268 7 588,513 7 206,113 7 365,634
7,034 587, 589 219, 151 350, 817
3,982 544, 377 201, 627 319, 358

Production

Shipments

Dozens of pieces

Dollars

Short tons

Other

7

17, 100
19, 287
23, 396

PORCELAIN
ENAMELED
FLATWARE «

Shipments

New
orders

RaRaShipments Thous. tio Thous. tio
to of sq. to
of sq. cafeet pac- feet capacity
ity

' ' <-t i

ARSENIC 2

I &£

BABBITT
METAL i

HOUSEHOLD WARES

Table 27.—MISCELLANEOUS METAL PRODUCTS

1
1
119,159

i

118,806

1!

44,675

43, 291

8 6,789 853
5,884 47

8

6,257 852
6,329 51

81
79

'

1935
May.
June
July
August

5,606
5,644
5,739
5,926

892
990
1,490
1,373

4,714
4,654
4,249
4,553

507
752
516
672

3,384
461
3,193 1,317
3,091
804
3,233
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

September..
October
November.December ._

5,103
6,005
5,402
5,421

1,041
1,380
1,421
969

4,062
4,625
3,982
4,453

511
517
492
563

3,003
3,143
3,346
3,305

866
728
491
636

7,493
7,476
6,997
6,469

613, 234
771, 239
677, 884
879, 698

228, 543 364, 565
274, 429 468, 530
271, 624 . 381, 886
341, 499 510, 988

20, 126
28, 280
24, 374
27, 211

1936
January
February, _ _
March
April

5,546
5,911
6,290
5,802

1,444
1, 272
1,008
1,412

4,101
4,639
5,282
4,390

386
357
539
418

3,433
3,540
3,534
3,718

258
536
746
377

5,950
5,675
5,976
5,462

464, 916
528, 335
622, 248
533, 728

157, 097
182, 183
214, 590
198, 625

289, 254
326, 791
385, 119
312, 129

18, 565
19, 361
22, 539
22, 974

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

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

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

May
..
June
July
August

5,178
5,519
5,469
5,744

1,157
1,330
1,339
1,354

4,021
4,189
4,130
4,390

973
327
374
166

3,712
3,167
2,954
2,947

140
390
271
495

4,768
4,414
3,523
3,002

445, 256
499, 554
482, 765
419, 071

179, 318
195, 867
176, 985
172, 126

247, 624
279, 474
286, 553
228, 488

18, 314
24, 213
19, 227
18, 457

95,929
87, 205
108, 631
127, 366

103, 455
96, 437
119, 663
134, 323

September __
October
November_.
December.-

5,750
5,471
4,747
4,508

1,482
1,339
1,147
1,096

4,268
4,132
3,600
3,413

488
419
514
537

2,959
2,538
2,667
2,621

560
697
885
866

2,648
2,382
2,188
1,798

514, 799
646, 065
634, 999
740, 786

238, 822
245, 328
234, 605
223, 926

247, 940
367, 628
371, 939
489, 356

28, 037
33, 109
28, 455
27,504

135, 572
143, 038
114, 844
118, 525

1937
January
February _-_
March
April

5,440
5,452
5,626
4,812

1,220
1,066
1,208
950

4,220
4,386
4,418
3,862

1,414
1,147
1,380
1,075

2,725
913
2,387
810
2,378 1,030
2,208
925

1,983
2,251
2,230
2,059

407, 776
474, 302
559, 663
429, 411

143, 893
160, 558
193, 961
162, 103

249, 763
289, 347
337,206
246, 168

23,120
24, 397
28,496
21, 140

5,007
4,855

971
830

4,036
4,025

905

1,432

1,718

404, 648
398, 743

153, 434
170, 942

227, 899
208, 334

23, 315
19, 467

May

June
July
August

1
i

683

7,097
6,490
7,967
5,601

60
55
67
47

6,400
6,875
5,899
5,854

54
58'
50
49

84
86
73

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

5,455
6,283
5,359
5,591

45
51
44
46

5,872
5,760
7,366
6,292

48
47
60
51

65
73
85
86

57, 568
54,937
38, 779
44,700

49, 926
48, 940
41, 652
44, 911

5,947
4,654
6,668
5,573

49
38
53
44

5,853
6,376
5,723
6,052

48
52
46
48

81
80
71
77

140, 491
140, 778
88,520
101, 356

42, 219
38, 847
32, 865
31, 393

43, 060
41,295
31, 321
22, 025

6,236
7,790
4,995
6,051

50
61
39
48

6,282
7,015
6,922
6,436

50
55
54
51

80
86
74
85

131,006
138, 788
202, 393
183, 812

141, 817
165, 707
182, 692
198, 711

31, 019
39, 018
32, 942
30, 423

32, 082
36, 123
30, 980
33, 785

6,759
6, 175
7,484
5,764

53
49
59
45

5,942
5,993
7,567
6,596

47
47
59
52

7980
78
81

159, 178

133, 387

33, Oil

29,900

j

September
October
November
December
1
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 31 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) which 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.
< Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 12 firms, including data from the Sheet Metal Ware Association. Stock figures
were discontinued after August. The galvanized ware included here 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, food-container pails, etc. (6) Other galvanized ware includes steel baskets (but not wash boilers), ash and garbage cans, stable and 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.
6 Compiled by the Porcelain Enamel Manufacturers Association, from reports of 11 manufacturers of porcelain flatware, such as kitchen table tops, tub covers, outdoor
advertising signs (of which 3 classes these figures are estimated to represent about 85 per cent of the industry's capacity), refrigerator linings, stove parts, etc. (for which
classes these figures are estimated to represent from 70 to 75 per cent of the industry's capacity outside of stove and refrigerator manufacturers with their own enameling
plants). The unit of measurement for these operations is the number of square feet of sheet metal passed through the furnace once.
6 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.
? Six months' average, July to December, inclusive; previous data not available.
s Four months' average, September to December, inclusive.
54177°—-27




4

50

Table 28.—CRUDE PETROLEUM
|

STOCKS 2
(end of month)

PRODUCTION 1

YEAR AND MONTH

Tank
farms
and pipe
lines

Grand
total

Refineries

California
Light

IMPORTS
(3)

Heavy 7

CONSUMPTION 4
(run to
stills)

'Dolls, per
barrel

Thousands of barrels
__

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

36, 911
39, 137
46, 463
61, 034
59, 495
63, 645
63, 875

150, 069
179, 888
278, 605
326, 682
386, 896
305, 273
282, 178

65, 432
64, 842
61, 927
61, 547

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

PRICE,
OIL
KANS.WELLS
OKLA.,
COMAT
WELLS « PLETED s
Number
of wells
1,592
1, 389
763
1, 565
1,383
1,487
1,747

._

20, 583
26,261
27, 169
30, 127

$0. 934
.798
.583
1.258
1.775
2.196
2.279

133, 115
159, 237
245, 673
294, 659
347, 320
273, 878
247, 260

16, 954
20, 651
32, 610
32, 190
39, 575
31, 395
34, 918

36, 160
36, 947
41, 726
48, 437
53,643
61, 660
65, 213

3.408
1.704
1.806
1.439
1.446
1.675
1.883

2,024
1,218
1,445
1,357
1,212
1,380
1,580

301, 156
298, 193
296,904
293, 852

270, 496
270, 160
269, 760
264, 652

59, 672
54, 566
60, 671
59, 992

__-

11, 364
13, 540
14, 935

1,484
1,437
1,512
1,714
2,514
3,144
4,401

291,400
288, 064
287, 777
286, 429

62, 556
61, 742
64, 893
66, 525

31, 550
39, 132
43, 462
35, 985

a 48, 470
51, 708
71, 666
87, 374

9,054
10, 442
10, G09
6,835
6,481
5,152
5,032

30, 660
28,033
27, 144
29,200

43,007
44, 059
44, 561
44, 451

81, 476
83, 391
84, 373
85, 783

4,027
4,367
4,891
4,241

62, 115
63, 970
60, 310
62, 179

1.600
1.600
1.588
1.550

1,504
1,420
1,196
1,147

260, 619
257, 541
256, 060
252, 028

9 30, 781
9 30, 523
31, 717
34, 401

44, 197
44, 871
43, 973
38, 634

86, 614
86, 744
88,466
85, 656

4,688
3,743
7,216
5,906

61, 352
56, 575
63,000
61, 786

1.550
1.800
1.800
1.800

1,164
1,130
1,304
1,417

284, 357
281, 432
278, 508
277, 837

248, 550
244, 690
242, 149
240, 855

35, 807
36, 742
36, 359
36, 982

37, 192
35, 454
33, 548
32, 149

88, 184
87, 364
88,092
87, 772

4,502
5,571
5,185
5,332

65, 633
65, 092
67,624
67, 861

1.900
2.050
2.050
2.050

1,517
1,652
1,861
1,924

277, 947
277, 208
277, 099
278, 077

240, 123
240, 365
241, 534
242, 602

37, 824
36, 843
35, 565
35, 475

30, 494
30, 390
30, 051
30, 861

87, 353
87, 529
87, 440
87, 270

4,350
3,860
5, 043
4,988

66, 684
69, 199
67, 935
69,820

2.050
2.050
1.750
1.750

1,745
1,957
1,738
1,556

71, 475
67, 874
75, 304
72,590

1920 monthly average •
1921 monthly average _ . - _ _ _
1922 monthly average
1923 monthly average
1924 monthly average _ _
_ _ _
1925 monthly average
1926 monthly average

278, 972
285, 458
290, 110
297, 895

243, 428
247, 749
252, 678
260, 410

35,544
37, 709
37, 432
37, 485

31, 017
29, 770
29,568
29,460

87, 971
87, 640
87,886
88, 383

4,514
4,181
4,434
4,063

69, 948
63, 351
69, 082
66, 964

1.750
1.700
1.335
1.114

1,385
1,342
1,417
1,528

76, 264

307, 016

270, 518

36, 498

27, 143

90,289

4,557

70, 148

1.155
1.155

1,274

8

1925

September
October
November
December

. _.

1926

January
February
March
April
May
June
July
August

September
October
_ November.
December

-_ _ _ _ .

.

_-

65,300
69, 043
69, 483
72, 061

_ .._

1

1927

January _ _ _
February
March. __ _
April
May
June
Julv
August

September
October
November
December

- _.

.

I

. _

1

I

* 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 press releases. Monthly data from 1917 to 1920 given in December, 1922, issue (No. 16) p. 48, for 1921 and 1922 in 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 pipe lines 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
no longer 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.
* 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.
6
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 7 and Gas Journal.
Oil
Including fuel oil.
8
A verage of 7 months, June to December, inclusive.
9
Revised to include crude petroleum in transit not previously included which approximated 3,200,000 barrels Jan. 31 and 1,900,000 barrels Feb. 28.




51

Table 29.—GASOLINE AND KEROSENE
KEROSENE OIL

GASOLINE
Production 1

Prices
Retail
Stocks at Price,
Stocks at
ConConNatural Exports 2 sump- refineries, Whole- Retail, distribu- Produc- sum p- refineries, f. o. b.
refintion, 31
tion^
end of
Raw (at gas (at
end of
sale,
tank
tioiii month i eries.
tion i month i motor, wagon, States s
refineries) plants)
Pa.3
N. Y.3 50 cities *

YEAR AND MONTH

Dollars per gal.

Thousands of barrels
1909-1913 mo. average.
1913 mo average
1914 mo. average
1915 mo. average
1916 mo average

4,085

48
85
130
205

270
373
416
559
706

Thous. of
gallons

3,426
3,622
4,646
4,603
3,859

2,067
2,870
2,766
2, 757
2,461

7 12,411
9,648
7,157
9,035
9,584

.080
.108
.115
.149
.084

5.656
7,084
7,853
9,688
10, 225

432
561
698
763
893

822
1,105
727
1,261
1,040

4,693
6,209
6,815
8,434
8,960

7 8, 033
9,196
11, 248
11, 059
15, 018

.238
242
.245
.293
.261

1922
1923
1924
1925
1926

mo. average
mo. average
mo. average
mo. average
mo average

12, 306
14, 992
17, 777
21,633
24, 978

1,004
1,620
1,853
2,192
2,692

1,143
• 1,666
2,336
2,570
3,539

10, 659
13,062
15, 417
18, 655
21, 847

18, 834
28, 249
35, 319
38, 142
39,654

.251
.207
.180
.191 .
.199

1935
September _ ^
October..
November
December

21, 573
22, 488
21, 946
22, 238

2,217
2,431
2,448
2,562

2,095
2,438
2,960
3,107

20, 177
19, 826
18, 024
17, 954

35, 572
35, 910
37, 363
38, 875

1926
January
February
March _
April

23, 208
21, 259
23, 868
24, 296

2,524
2,381
2,693
2,610

3,278
3,162
3,126
4,229

17, 582
15, 814
19, 302
20, 848

25, 271
24, 946
25, 504
25, 942

2,626
2,548
2,629
2,664

4,495
3,516
3,593
3,430

25, 360
26, 337
26, 245
27, 498

2,657
2,907
2,967
3,100

27, 960
25, 024
27, 886
26, 577
26, 787

September
October
November- .
December
1927
January
February
March
April

_.

May
June
July
August

Thous. of
gallons

$0 062

2,888

mo. average
mo average
mo. average
mo. average
mo. average

__

Dollars
per gal.

$0 168
.144
.138
230

1917
1918
1919
1920
1921

May
June
July
August

Thousands of barrels

Retail
distribution, 13
States e

.058
.050
060

$0. 184
.166
.174
.184

149, 593
185, 096
228, 751
270, 769
307, 791

4,576
4,661
5,002
4,974
5,147

2,905
2,921
3,059
3,331
3,194

7,180
6,498
7,855
9,498
7,721

.085
.084
.080
.078
.104

29, 107
30, 268
31, 719
33, 343
33, 249

.170
.170
.170
.170

.167
.158
.155
.158

292, 546
334, 248
303, 251
305, 467

4,710
5,121
5,064
5,327

4,260
3,446
3,513
3,871

8,405
7,989
7,496
7,121

.074
.077
.080
.088

38, 110
35, 185
33, 229
30, 687

41, 524
44, 132
46, 121
45, 767

.170
.175
.180
.190

.161
.162
.173
.185

249, 740
233, 739
261, 839
293, 072

5,122
4,746
5,516
5,037

3,521
3,166
3,492
3,268

6,851
6,855
7,004
7,014

.090
.094
.099
.098

33, 312
28, 607
32, 801
36, 897

24, 213
23, 803
24, 752
26, 912

42, 916
40, 779
38, 289
34, 421

.202
.210
.210
.210

.185
.196
.197
.197

316, 246
325, 207
369, 878
377, 467

5,210
5,009
4,877
5,162

3,227
2,908
2,733
2,731

7,378
7,881
8,434
8,196

.125
.125
.099
.109

41, 276
29, 952
30, 884
35, 982

3,846
2,687
3,779
3,325

22, 929
23, 973
20, 618
21, 419

33, 257
33, 712
35, 905
39, 023

.210
.210
.210
.210

.196
.192
.182
.176

360, 409
320, 224
299, 498
286, 174

5,207
5,126
5,357
5,399

3,419
3,235
3,592
3,037

8,162
8,238
8,060
8,575

.116
.105
.093
.093

35, 522
33, 653
30, 159
29, 943

3,145
2,933
3,271
3,171

3,425
3,475
3,117
3,424

17, 888
18, 240
22, 464
23, 371

46, 058
49, 714
52, 410
52, 379

.210
.218
.205
.194

.176

247, 579
233, 504
259, 519
310, 708

5,113
4,453
4,802
4,608

3,882
2,590
3, 356
2,776

8,190
8,655
8,753
8,725

.094
.088
.083
.079

30, 279
29,700
33, 123

3,219

4,366
4, 209

26, 579

48, 609

.190
.190

326, 885

4,663

3,188

8,568

.076
.072

!_..
1
i

September
October
November
December

j

___

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, 1923, while consumption figures since that time take account of this change in stocks
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 3
Philippine Islands, to agree with data used by the Bureau of Mines.
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.
* Compiled by the Oil and Gas Journal from reports of 50 representative cities as of the first of month indicated.
« Retail distribution of gasoline compiled by the American Petroleum Institute, from reports cf 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.
e Retail distribution of kerosene, 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 partial reports for 1921, appeared in the June, 1924, issue of the SURVEY (No. 34), p. 51, and data for 1924 and 1925 in the
May, 1926, issue (No. 57), p. 28.
7 Six months' average, July-December, inclusive.




52

Table 30.—OTHER PETROLEUM PRODUCTS
GAS AND FUEL OILS

ASPHALT

LUBRICATING OIL

COKEi

By
By
ves- electric railpower
sels 2 plants3 roads 4

Dolls,
per bbl.

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

|

9,254
12, 923
14, 527
15, 134

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average 1924 monthly average
1925 monthly average
1926 monthly average

17, 582
19, 174
21, 243
23, 957

26,706
30, 416
30, 433

6217

297
461
492
550
1,169

2,192
2,256
2,641
3,137
3,611
3,569
3,888

6

1,094
1,004
1,100
1, 585
1,386
854
783

2,831
3,107
3,928
4,165
4,112
4,100

14, 806
13, 071
18, 533
16, 378
27, 736

31,625
32, 610
37, 675
24, 480
23, 786

$0. 902
.663
.513
.871
1.525
1.885
1.120

2.622
.687
.951
.929
.959
1.099
1.294

ConProduc- sumption i tion i

Price,
Stocks parafat re- fin,
fineries, 9O3,
end of New
month 1 York 8

Stocks, refineries, end of
month

By

Price,
Okla.,
34-26
at refineries s

Production

YEAR AND MONTH

Stocks
at refineries,
end of 1
month

Production

Consumption

Production i

Stocks, refineries, end of
month

0)

Thousands of barrels

Dolls,
per gal.

Thous. of short tons

1,239
1,496
1,670
1,680

$0. 143
. 151
.139
.201
.215
.341
.306

60
62
51
75

678
91
97

34
45
47
50

2,078
1,741
1,942
2,177

2,292
2,588
2,691

7833

WAX*

Production

Thous. of pounds

32, 182
40, 100
42, 095
38, 936

1,152
1,133

6 2, 917
3,425
3,825

1,229
1,004
1,294
1,438
1,510
1,715
1,880

3,267
5, 552
5,492
5,659
6,230
6,879
7,481

.435
.281
.230
.215
.204
.240
.240

108
101
158
194
212
223
244

74
113
134
129
123
145
195

48
51
59
56
64
83
83

23
62
58
24
60
191
254

45, 100
36, 240

1,987
1,785
1,753
1,511

6,760
6,827
6,999
7,253

.230
.230
.234
.239

265
284
218
156

143
152
162
159

84
87
82
74

250
247
248
238

46, 713
50, 182

1,632
1,294
2,180

7,544
7,910
7,640
7,368

.240
.240
.240
.240

162
152
211
199

175
182
195
240

74
64
81
76

.240
.240
.240
.240

248
301
281
306

230
201
185
200

6 11

17
37

Stocks,
refineries,
end of
month

e 108,402 ;
172, 976
241, 895

38,500

181, 567 .
240, 072 [
223, 741

38, 887
43, 041
49, 215
53, 816

109, 465
106, 409
152, 473

178,060

.1

1925
27, 266
24, 681

1.050
1.056
1.215
1.250

2,565
2,608
2,630

4,266
3,708
4,038
3,876

23, 266
21, 445
20, 037
19, 788

1.250
1.181
1.210
1.381

2,648
2,448
2,696
2,692

607
625
704
761

3,943
3,769
4,071
4,084

20, 858
22, 554
25, 696

2,863

1,869

2,681
2,831

2,042
2,071

26,500

1. 335
1.225
1.231
1.355

2,648

2,092

7,656
7,314
7,328
7,226

4,040
4,330
3,952
4,065

916
914
959
803

4,211
4,543
4,318
4,371

27, 151
26, 376
26, 859
24, 898

1.425
1.356
1.305
1.275

2,645
2,768
2,724
2,699

2,019
1,778
1,722
1,827

7,149
7,437
7,620
7,576

.240
.240
.240
.240

309
323
216
214

32, 936
30, 185
32, 377
31, 856

3,940
3,579
3,874
4,204

821
670
638
566

4,283
3,719
4,181
3,920

23, 195

2,570
2,345

1,496
1,231

22, 561
23, 732

1.255
1.250
1.219
1.063

2, 754
2,615

2,334
1,712

7,867
8,361
8,035
8,176

.240
.244
.240
.240

33, 499

_ -.

4,250
4,244

510

3,948

26, 059

.925
.906

2,625

1,928

8,011

.240
.240

3,736
3,069
3,788
3,562

814
854
790
811

4,315
4,841
4,473
4,378

29, 915

3,746
3,232
3,402
4,060

1,027
729
715
639

31,154

September
October
November
December

3,729
4,038
3,940
4,125

30, 698
32, 444
31, 624
33, 376

30, 579
31, 559

29,306
30, 957

28,948

2,711

108, 679

49,087

113,649
111,231

52, 859

116, 391

231
210
220
216

53, 015
50, 307
55, 714
55, 371

122, 773
123, 964
130, 341
136, 084

80
81
83
89

231
247
261
278

56, 135
50, 673
54, 267

149, 3%
155, 254
156, 704
165, 065

189
188
167
193

95
88
91
93

288
287
286
291

49,228

191
173
222
274

215
234
235
220

93
88
98
88

287
295
326
319

47, 363
53, 644
48, 917

192, 835
198, 452
201, 340
211, 019

319

223

88

329

46, 267

207, 329

1936
28, 981

January
F ebruar y _
March
April

27,094
29,824
29,029

. _

May
June
July
August

_

30, 380

29,130
31, 461

-

-

September
October
November

___

2,039

54,441

56, Oil
54, 678

55,950

159, 779
167, 925
177, 054
185, 331

1927
January
February.
March
April
May
June
July
August

-

-

September
October
November December _

--

22,099

54,H4

- _

1 Data from II. 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 of east California. The consumption data for gas and fuel oils and lubricating oil 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.
Figures on asphalt, coke, and wax relate only to the by-products of petroleum.
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.
3 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), P. 28.
4
Compiled by the Interstate Commerce Commission from reports of 174 steam railroads of Class I, not including switching and terminal companies, and excluding fuel
used in switching locomotives. Monthly data from 1921 appeared in January, 1926, issue (No. 53), p. 23.
6 Prices from U. S. Department of Labor, Bureau of Labor Statistics. Lubricating oil is of 903 specific gravity.
e Six months' average, July to December, inclusive.
7
Five months' average, August to December, inclusive.




53

Table 31.—CRUDE AND SCRAP RUBBER
RECLAIMED
RUBBER

CRUDE RUBBER

Consumption 1

(quarterly)
ImWorld
ship- ports 3
ments, (includplanta- ing
For
tion 2 latex)
Total
tires

YEAR AND MONTH

(quarterly) 1

Stocks, end of quarter 1

Total

Manu- Dealfacers
turers

Stocks
in
United
Kingdom,4
Afloat end of
month

Stocks,
plantation,
afloat,1
end of
month

24, 663
31, 800
34, 398
35, 101
43, 006
51, 232

15, 449
25, 090
25, 757
27, 450
33, 103
34, 433

33, 021
35, 539
43, 977
38, 326

32, 898
24,700
33, 072
32, 506

42, 522
43, 838
43, 041
42, 990

36, 932
32, 154
32,455
33, 413

44, 496
46, 830
50, 327
51, 169

26, 367
34, 651
37, 755
40, 329

January
February
March
A pril

49,306
48, 057
55, 271
39,946

42, 404
32, 865
42, 152
34,544

May
June
July
August

50, 534
47,800
47, 310
53, 079

29,759
24, 901
35, 821
27, 399

September _ _
October
NovemberDecember

55, 363
58, 401
52, 325
57, 386

37, 112
29,334
39, 155
37,754

56, 559
44, 639
64, 131
44, 751

43, 340
28, 337
35, 515
46,202

47, 495

36, 518
33, 045

38, 572
63, 546
68, 739
75, 445
88, 468
82, 436

31, 280
51, 801
55, 238
62, 916
74, 247
70, 414

83, 994
85, 935
85, 450
59, 458
45, 960
61, 301

65, 982
66, 885
46, 829
37, 467
50, 704

|ss
§

ConPro- Stocks, Stocks sumption
end of at reduc- quar- claim- by retion
claimter
ers
ers

Dolls,
per Ib.

Long tons

1991 monthly average
1922 monthly average
1923 monthly average
1924 monthly average1925 monthly average
1926 monthly average

ft-

29, 671
39, 523
33,589
40, 026
48,811
43, 565

76, 529
78, 296
65, 345
52, 581
11, 275
28, 625

31, 038 $0. 182
42, 284
.183
46, 973
.249
.211
49, 654
58, 726
.568
70, 139
.382

29, 982
25, 729
19, 977
14, 270

54, 030
48, 300
49, 590
53, 500

.318
307
.346
.340

6,680
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

21, 865
25, 399
29,289
31, 756

63,500
71, 600
69,700
72,100

.383
.344
.335
.337

67,400
71, 340
73,100
77,300

.340
.333
.286
.256

75,700
66,500
74, 390
73,200

.268
.261
.286
.274

65,700

19, 953
18, 565
12, 629
8,493
10, 599

SCRAP
RUBBER

(quarterly) 1

Long tons

.300
.278

17, 078
26, 894
17, 384
19, 018
30, 906
41, 986

8,217
8,662
14, 969

37, 496
61, 963
72, 096

23, 018
34, 422
22, 002
26,415
39, 770
54, 074

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

44, 092

13, 377

85, 593

52, 437

38, 841

14, 581

69, 914

53, 382

40, 020

13, 758

66,908

52, 068

44, 989

18, 160

65, 969

58,410

45,547

21, 508

62, 807

58, 303

1925

January
February
March
April
May
June_-_
July
August

_.

September
October
November
December

87, 642

71, 343

54, 502

45, 028

9,474

46, 254

95 771

82,007

47, 770

37, 358

10, 412

48, 708

91, 534

78, 552

33, 131

28, 185

4, 946

50, 480

78, 926

65,084

48, 436

39,298

9, 138

49,800

1926

_

1937
January _
February
March...
.
April
May
June
Julv
August

. _.

86, 757

73, 081

58. 191

48, 301

9,890

43,204

80, 140

68,542

59,254

50, 610

8, 644

40, 713

86,290

75, 142

58, 883

45, 121

13, 762

39, 815

76, 555

64,891

68, 876

58, 785

10, 101

50, 529

36,880
43, 996
46,044
51, 320

45, 384

57, 065
61, 170
65,634

91, 279

78, 577

82, 233

68, 105

14, 128

.....

.

September
October
November .
December
1 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.
2
World shipments and floating stocks of plantation rubber from the World'8 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.
3
Imports of rubber, including latex, into the United States from U. S Department of Commerce, Bureau of Foreign and Domestic Commerce.
4
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.
a 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,




54

Table 32.—RUBBER PRODUCTS1

!«
OG

Shipments

1

ft

£

73

So

rf
OQ

Shipments

n
1

I

Production

L
.a

Prod uction

AND

Production

YEAR
MONTH

Solid tires and
cushions

Inner tubes

Pneumatic tires

li
«B
S*
QC

Raw material
consumed

RUBBER HEELS

Production

Shipments

Shipments

&
I

|

Crude
Fabrics rubber

Total

I

5*
3
•<

Thousands of
pounds

Thousands

Clothing
fabrics

RUBBERPROOFED
FABRICS

AUTOMOBILE TIRES

Produc-

Stocks,

end of
To
To month
man- repair

tion

shoe

ufacturers

Thousands of yards

trade

Thousands of pairs

1921 m. a.
1922 m. a.
1923 m. a.
1924 m. a.
1925 m. a.
1926 m. a.

1,821
2,573
2,843
3,234
3,811
3,848

4,321
4,896
5,666
5,426
5,920
8,158

1,905
2,436
2,697
3,048
3,604
3,600

43
81
89
91
116
93

2,261
3,189
3, 768
4,424
5,171
4,793

4,632 2,292
6,081 3,055
7,354 3,630
7,490 4,174
8,318 4,964
13, 110 4,411

29
58
71
84
105
65

36
66
59
59
65
48

232
195
254
198
170
188

44
57
57
52
62
42

2
4
5
4
7
5

6,696
9,257
9,861
11, 868
14,025
13, 830

17, 922
27, 301
30, 601
37, 821
46, 033
43, 170

456
756
1. 528
2,026 799 696
2,648 1,317 640
2,085 927 526
657
765
1,999
2,444 697 1,230

15, 243
15, 523
17, 248
15, 276

9,889
10, 412
10,765
8,899

4,172
4,751
5,727
5,614

33, 962
33, 110
40, 569
48, 590

1925
May
June
July
Aug

4,106
4,072
4,199
4,214

6,477
5,449
4,830
5,459

4,333
4,950
4,624
3,455

139
112
111
125

5,138
5,215
5,666
5,718

9,396 5,908
7,828 6,683
6,495 6,761
6,973 5,102

126
98
99
94

77
87
78
77

158
155
155
172

82
85
70
52

6
8
6
7

14, 985
15, 840
16, 014
15,758

47, 639
53, 367
53, 197
52, 171

1,560
1, 595
1,587
2,326

452
518
529
566
595 693
646 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

Sept
Oct ._
Nov
Dec

3,764
3,389
3,181
3,579

5,774
5,015
5,229
6,119

3,294
4,090
2,667
2,597

143
105
93
113

5,454
4,966
4,708
5,253

7,490
6,564
7,139
8,495

4,852
5,764
3,982
3,665

153
128
79
82

67
53
49
59

184
171
159
150

47
64
54
61

7
8
8
8

14, 025
12, 446
11, 349
12, 261

46, 745
42, 211
38, 876
39, 771

2,587 669 1,452
3,353 1,303 1,506
2,191 571 959
726
1,796
600

19, 471
21, 853
17, 233
20,855

12, 251
12, 338
10, 282
15, 030

S,764
7,137
5,987
6,519

35, 512
38,675
37, 611
37,425

Mar
Apr. _

3,548
3,657
4,099
4,014

7,475
8,390
9,022
9,363

2,142
2,500
3,335
3,642

94
82
91
99

5,110
5,123
5,275
4,918

10, 781
12,829
14, 360
15, 518

2,728
2,750
3,672
3,727

67
54
70
53

60
61
59
51

174
199
222
218

30
26
33
47

6
5
5
6

13, 198
13, 251
14, 198
13, 930

44,528
43, 161
45, 497
43,802

1,395
1,459
2,102
1,579

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
June
July
Aug

3,771
4,072
3,718
4,411

9,271
8,989
7,956
7,311

3,829
4,208
4,683
4,973

86 4,615
91 4,633
76 4,301
91 5,572

15, 866
15, 194
12, 961
11, 709

4,654
5,097
6,381
7,114

78
80
48
74

45
43
35
44

214
215
181
181

44
45
45
53

4
5
3
4

13, 279
14, 021
14, 050
16, 140

40, 953
42, 914
42, 189
49, 841

659
646
1,730
2,445 1,099 778
2,458 999 954
2,940 913 1,533

11, 367
12, 769
11,109
14,490

6,818
7,541
8,651
9,607

4,002
5,902
6,370
7,911

58, 326
56,701
51,629
49, 593

Sept
Oct
Nov
Dec

4,286
3,833
3,250
3,520

7,001
7,454
7,810
7,856

4,452
3,318
2,708
3,413

84
89
98
132

5,698 11, 497 5,755
4,665 11, 970 4,046
3,644 12, 469 2,984
3,961 12, 165 4,027

69
61
54
74

44
45
45
46

168
159
158
168

52
51
38
34

4
5
7
7

15, 910
13, 973
12, 422
11, 593

48, 168
43, 137
36, 737
37, 117

3,964
3,538
2,910
1,813

804 2,652
962 2,987
772 1,440
533 814

16, 349
18, 513
16, 759
15, 941

9,785
9,777
9,091
10, 992

9,429
9,556
6,377
3,421

45, 483
44, 105
42, 199
42, 907

1927
Jan
Feb
Mar
Apr

3,731
3,834
4,726
4,742

7,839
8,298
8,705
9,113

3,534
3,204
4,094
4,118

172
151
199
171

4,007
3,724
5,395
5,536

11, 704 4,428
12, 595 3,763
12, 839 4,534
13, 371 4,669

89
80
90
105

44
46
57
64

166
163
159
162

36
40
54
54

7
8
8
5

14, 358
13,609
16, 651
17, 238

44, 078
45, 037
50, 614
51, 333

1, 916
2,084
2,427
2,319

784
718
718 881
978 1,190
820 1,498

13, 660
12, 733
13, 640
14, 169

6,685
6,652
7,906
6,682

4,013
4,062
6,367
6,507

46, 355
48, 010
47, 822
47, 869

4,629

9,370

4,069

186

5,060

13, 813

4,501

109

65

178

52

4

16, 029

47, 270

2,175

955 1,206

16, 133

7,128

7,016

47, 516

1926
Jan _-._ .
Feb

May
June
July_ .
Aug.

426
351
449
400

Sept
Oct
Nov
Dec. .
i Compiled by the Rubber Association of America. Figures on tires represent about 75 per cent of the industry. The number of firms reporting on tires 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. These figures are revised from previous reports by the inclusion of millimeter sizes throughout and the inclusion of cushion with solid tires.
Monthly data since January, 1922, were given in the June, 1927, issue (No. 70), p. 21. Figures on auto fabrics represent about 60 per cent and other classes of fabrics about
85 per cent of the total output of the respective products, while figures on rubber heels represent approximately 70 per cent of the entire industry.




55

Table 33.—HIDES AND SKINS

c

£- Calves Swine

Sheep Cattle Swine Sheep

Total
hides
and
skins

Calfskins

Cattle Goat- Sheephides skins skins

Total
hides
and
skins

Dolls, per
pound

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

0.184 0.189
.196 .210
.242 .215
.262 .338
.327 .406
.301 .371

582
563
596
692
863
986

160
141
152
197
262
288

2,850
2,711
3,198
3,590
2,826
3,435

1,201
1,186
1,018
995
779
860

45, 427
42, 595
44, 209
53,779
60,558
73, 491

138, 721
187, 952
218, 038
193, 290
173, 626
189, 303

41, 659
37, 802
33, 171
34, 615
28, 613
31, 505

42,854
41, 490
46, 350
53, 856
60, 526
52, 589
30, 158

1919 m. a~_ 841
1920 m. a~. 717
1921 m. a... 634
1922 m. a._. 723
1923 m. a... 764
1924 m. a... 799
1925 m. a.__ 821
1926 m. a... 848

331
338
317
349
375
411
446
429

3,484
3,168
3,249
3,593
4,445
4,406
3,587
3,386

1,058
915
1,084
911
961
999
1,000
1,080

78, 918
69, 308
59,609
69, 308
67, 679
74, 968
81, 318
91, 452

194, 323
148, 770
136, 366
160, 601
188, 033
242,804
220, 144
207, 619

51, 122
55,230
53, 913
49, 700
41, 645
42, 520
40, 892
45, 481

62, 070
42, 499
29,003
45, 938
44, 315
29, 723
30, 173
30, 704

5,380
2,928
3,995
4,630
4,058
3,426
2,396
3,764

33, 940
22, 922
15, 015
27, 035
24, 315
15,468
13,889
12, 480

11, 138
6,684
5,260
6,745
7,152
4,353
6,807
7,293

7,086
6,896
3,822
5,136
6,353
4,843
5,127
4,942

e 435, 477
430, 897
355, 025
357, 392
267, 533
270, 370
284, 318

1935
Sept
Oct
Nov
Dec

866
1,067
861
927

423
486
398
445

2,598
3,314
3,646
4,533

1,086
1,083
879
981

89, 973 173, 536
118, 920 208, 502
100, 644 224, 359
82, 701 235, 204

72,690
129, 283
89, 578
41, 856

27, 055
20, 338
27, 716
24, 899

1,977
1,773
1,262
1,433

12, 872
8,957
16, 020
11, 023

6,095
5,248
6,181
7,104

4,002
3,268
2,885
3,260

251, 459
259, 369
273, 686
282, 653

1936
Jan
Feb
Mar
Apr

819
695
785
765

410
378
464
462

4,501
3,351
3,562
3,105

1,039
988
1,163
994

64,226 232, 242
53, 402 199, 978
83,706 216, 917
90,630 203, 892

25, 666
16, 686
22,296
15, 036

30, 937
31, 747
34, 170
33, 608

2,544
2,823
3,293
3,702

12,969
16, 125
13,901
14, 591

7,465
6,493
9,144
8, 022

5,839
3,758
4,554
5,148

May
June. . _
July
Aug

788
852
864
811

455
480
426
379

3,131
3,429
3,127
2,834

959
1,081
1,042
1,093

100, 093 203, 458
100, 021 182, 057
87, 244 164, 310
92, 541 164, 518

11, 391
19, 037
30, 373
51, 052

31, 497
35, 623
33, 299
32, 359

2,883
4,775
5,023
5,079

13, 629
13, 057
11,047
12, 345

8,742
8,597
8,455
6,917

Sept
Oct
Nov
Dec

971
996
947
887

408
446
435
410

2,616
2,976
3,610
4,394

1,224
1,167
1,039
1,172

100, 990
110, 746
124, 499
89, 320

189, 275
216, 762
263, 527
254, 489

74, 702
113, 389
119, 940
46, 201

29,797
29, 125
22, 929
23, 352

3,822
4,642
3,447
3,133

11, 537
12, 572
8,903
9,083

786
700
761
742

397
377
457
454

4,514
3,395
3,837
3,330

1,115
1,006
1,027
960

69, 456
60, 098
81, 890
98, 759

255,469
219, 752
233, 925
209, 671

29, 923
20, 791
20,396
17,005

26, 110
24, 553
34, 546
33,234

2,296
2,963
3,319
2,809

785
799

462
430

3,766
4,253

992
1,058

114, 484 212, 835
98, 375 214, 616

13,790
21, 058

37, 105
42, 372

3,598
4,516

..

1937
Jan
Feb
Mar
Apr
May
June
July
Aug

Calf Sheep
Cattle and and
hides^ kip lamb
"skins skins

WHOLESALE
PRICES *

Thousands of pounds

Thousands of animals
1909-13 m. a.
1913 m. a...
1914 m. a__.
1915m. a___
1916 m. a___
1917 m. a~.
1918m. a...

STOCKS, END OF MONTH s

Canada

United States

YEAR AND
MONTH

IMPORTS 2

Green, salted, packers' heavy native
steers (Chicago)
Calfskins, country No.
1 (Chicago)

INSPECTED SLAUGHTER 1

8 6, 815 8 19, 160
6,372 18, 629
5,576 25, 671
4,076 34, 053
5,221 33,683
2,465 30,890
632
18, 421

6 340, 339 « 63, 139 6 32, 916
339, 548 58, 414 32, 935
275, 293 52, 281 27, 452
288, 589 46, 485 22, 319
222, 046 29, 878 15, 601
220, 282 33, 218 16, 870
229, 340 37, 319 17, 659

.393
.312
.139
.181
.166
.147
.160
.141

.685
.368
.149
.160
.157
.184
.202
.174

192, 753
203, 246
220, 293
231, 656

38, 456 20, 250
38, 343 17, 780
36, 441 16, 952
35, 816 15, 181

.177
.174
.163
.156

.198
.200
.198
.192

296,046
297, 193
276, 324
280, 782

245, 820
248, 673
230, 332
231, 719

34,046 16, 180
32, 547 15, 973
31, 872 14, 120
33, 121 15, 942

.150
.130
.122
.114

.193
.183
.170
.165

3,867
6,383
6,677
6,472

281, 354
293, 615
288, 754
282, 933

232, 645
237, 937
228, 320
219, 193

33, 603 15, 106
37, 959 17, 719
41, 767 18, 667
43,483 20, 257

.129
.133
.142
.149

.168
.167
.172
.178

6,713
6,028
5,324
5,617

5,634
3,980
3,475
3,522

284, 326
282, 936
281, 620
265, 932

222, 234
222, 556
221, 880
210, 772

41, 561
40, 735
40, 747
36, 384

20, 531
19, 645
18, 993
18, 776

.152
.161
.153
.151

.178
.178
.168
.167

12, 357
10, 534
16,228
15, 148

5,791
6,055
8,640
8,195

3,763
3,763
4,454
5,113

260, 214
244, 323
234, 094
220, 679

210, 528 32, 368
195, 481 31, 897
186, 430 31, 435
170, 732 31, 638

17, 318
16, 945
16,229
18, 309

.155
.145
.140
.152

.169
.158
.152
.160

16, 699
20,223

8,267
7,507

6,393
6,801

230, 924

174, 407

20, 985

.168
.195

.177
.201

35, 532

Sept
Oct
_ _
Nov
Dec
* Data for the U. S. compiled by the U. S. Department of Agriculture, Bureau of Animal Industry, representing animals slaughtered under Federal inspection, whlcn
according to the 1919 census amounted to 68 per cent of all hogs slaughtered in that year, 82 per cent of cattle and calves and 91 per cent of sheep and lambs. The data in
number of animals are given here as indications of hide output. Data for Canada compiled by Dominion Bureau of Statistics, and cover all slaughter under Canadian
inspection. Monthly data on Canadian slaughter from 1913 appeared in the February, 1927, issue (No. 66), p. 23.
2
Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3
Compiled by the U. S. Department of Commerce, '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.
* Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices.
« Four-year monthly average, 1910-1913.
6
Four months' average, September to December, inclusive.




56

Table 34.—LEATHER
SOLE AND BELTING LEATHER
Production

YEAR AND
MONTH

Stocks, end of
month 2

Exports 3
Sole
only i

In
Finprocess ished

Total

Backs,
Dends, and
sides

1913 mo
1914 mo
1915 mo
1916 mo
1917 mo.
1918 mo
1919 mo.

* 35

2

•ifi *

!«£
523

*§i

Stocks, end2 of
month

Production 2

•r ww
fc <»~

Total

6

1,758
1,198
1,300
1,459
1,877
1,616
1,127

.86
.55
.52
.51
.45
.48
.44

e 42, 344
57, 986
72, 963
78, 019
64, 118
63, 407
69, 681

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

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

1, 059, 346
1, 179, 637
1, 114, 708
1, 182, 563

20, 229
22, 922
21, 440
22, 308

78, 971
79, 337
79, 601
80, 313

102, 557
99, 835
95,990
90, 660

September
October
November
December ._

1, 152, 356
1, 225, 524
1, 170, 058
1,256,047

21, 978
23,681
22, 748
24, 199

81, 721
82, 261
82, 371
84,713

1937
January
February
March
April

1, 170, 407
1, 221, 429
1, 411, 019
1, 396, 514

23, 235
23, 944
26, 819
25, 897

1, 377, 718
1, 321, 702

25,842

1, 535, 290
1, 499, 225
1, 477, 886
1, 561, 015
1, 220. 402
1, 239, 887
1, 134, 601

1925
September
October
November
December

1, 107, 321
1, 318, 342
1, 074, 133
1, 066, 006

20, 701
23, 957
19, 983
20, 155

1936
January.
February.
March.
April

1, 057, 351
998, 305
1, 113, 393
1, 105, 923

May
June
-.
July
August

23, 742
25, 657
24, 557
27, 411
21, 665
22, 431
21, 859

Dols.
per
sq. ft.

Unfilled
orders, Proend of duction
month

Sides

$0.27
28
.29
.45
.58
.60 » 203, 596
.97
95, 244

8,845
6,834
8, 967
10, 623
6,175
3,908
17, 023

114, 810 6 161,573
111, 217 193, 528
100, 679 186, 434
107, 144 171, 631
88, 429 149, 508
87, 081 126, 856
80, 148 95, 006

1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av

!!x
^1 Stuffed
Cattle,
calf, Patent fsl *l-s
goat
S"a El

Thousands of square feet

Sf

SKIVERS 1

tt 4J

Exports 3

2, 605 $0 44
4,319
.47
6 751
50
7, 540
.64
3, 657
.83
2 229
80
10, 222
.91

a
a
a
a
a
va
1 653 073
av-__. 1, 876, 285

May
June
July
August

FinIn
process ished

Dols.
Thousands of pounds

HARNESS
LEATHER i

UPPER LEATHER

Dozens

i
|
|
5 16, 039
15, 032

624
527
666
541
683

.99
.52
.44
.44
.45
.47
.45

96, 974
56, 266 8 24, 942
104, 976 120, 898
135, 621 158, 479
104, 121 141, 550
103, 650 152,017
100, 349 163, 027

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
33, 910
28, 336
23, 207

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

11, 627
11, 048
10, 953
9,937

8,501
7,987
8,181
7,576

2,393
2,294
2,023
1,534

733
767
749
827

.45
.45
.45
.45

99,463
100, 097
93, 896
100, 217

103, 212
236, 130
240, 002
232, 545

21, 781
20,329
18, 126
19, 221

278, 719
274, 918
277, 072
274, 762

11, 348
11, 750
12, 618
12,790

8,666
8,787
7,941
9,143

2,377
3,126
3,842
3,040

707
708
835
607

.45
.45
.45
.45

98,098
100, 085
88, 777
80, 801

223, 165
207, 921
188, 261
160, 767

23, 488
24,738
26, 502
17,784

158, 946
151, 364
150, 325
145, 298

272, 897
274, 197
277, 143
274, 983

12, 663
11, 636
12,293
13, 388

8, 875
8,882
9,250
9,786

3,144
2,257
2,404
2,896

644
497
639
706

.45
.45
.46
.46

63, 957
63, 724
71,184
80,464

143, 912
126, 087
99,905
128, 446

19, 781
20, 417
27, 405
22,966

144, 257

267, 949

11, 151
11,004

8,167
7,932

2,525
2,478

459
694

.48
.48

81, 719
81, 340

238,983
217, 119

24,062

142, 136 H00,906
164, 216 423, 021
166, 770 428, 169
158, 852 387, 376
133, 758 358, 168
140, 367 305, 637
152, 301 292, 108

62,645
68, 346
60, 289
69, 955

145, 869
147, 329
149, 608
148, 687

.46
.46
.46
.46

67, 425
65,309
73, 903
68,675

1,102
1,486
1,320
1,152

.45
.43
.41
.41

85, 819
80, 491
76, 397
71, 855

1,180
879
635
839

85, 718
89,060
91, 056
90,794

67,806
66, 340
66, 235
65, 608

90, 395

66, 298

10, 416
9,228
11, 264
11,392
11, 769

7,304 7 1, 752
3,559
1,643
3,048
6,744
2,514
6,187
6,982
3,616
3,082
7,769
8,591 2,602

296, 174
291, 891
290, 815
295, 173

10, 999
10, 901
11, 539
14, 796

7,991
7,986
7,855
10, 966

155, 660
159, 474
156, 956
155, 454

298, 189
299, 413
303, 863
306, 572

11, 705
11,001
12, 791
13, 663

62, 807
82, 022
64,678
67, 313

153,500
141, 693
151, 389
155, 178

306, 664
300,834
295, 074
289, 218

.43
.43
.43
.43

69,090
71, 678
67, 979
75,297

151,905
147, 457
149, 048
149,900

712
1,039
1,150
846

.43
.43
.43
.43

71, 974
68,506
68, 747
59, 753

521
819

.45
.49

60, 197

13, 274
16, 653
- 24,642
38,462
33, 693
32, 666
22, 143

September
October
November
December

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 17. 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 leather 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.
5
Includes estimated production of firms outside the Tanners' Council.
6
Four months' average, September to December.
7
8 Eleven months' average, February to December, inclusive; previous data not available.
Seven months' average.




57

Table 35.—LEATHER PRODUCTS
BELTING i

GLOVES 2

BOOTS AND SHOES
Glove leather 6

Wholesale prices •

YEAR AND MONTH

Men's Men's
Produc- Exdress
tion 3 ports * black
welt
calf
tan
blucher calf
(Bos(St.
ton)
Louis)

Shipments

Pounds

Thous.
of dolls.

Thous. of pairs

1913 monthly a v__
1914 monthly av_.
1915 monthly av_.
1916 monthly av._
1917 monthly av__
1918 monthly av__
19,19 monthly av__

754, 274
846, 664
739, 628
767, 423
710, 214

$899
1,171
1,199
1,354
1,365

27, 602

842
827
1,412
1,623
1,237
1,100
1,780

1920 monthly av_.
1921 monthly av__
1922 monthly av__
1923 monthly av_.
1924 monthly av_.
1925 monthly av_.
1926 monthly av..

694, 899
300,090
430, 614
449, 109
353, 832
364, 153
350, 777

1,587
548
721
833
603
626
596

23, 898
26,990
29, 260
26, 102
26,963
27,043

1925
September
October
November
December.

361, 138
363, 709
310, 542
343, 443

622
626
543
599

1926
January _ __ _
February
March
April

370, 678
376, 460
397, 207
359, 298

May.. ._
June
July
August

Dollars per pair

r. A i

3.17
3.25
3.71
4.75
5.63
7.60

1,403
746
450
612
526
550
476

8.95
7.00
6.51
6.43
6.25
6.39
6.40

8.14
5.18
4.74
4.85
4.88
5.13
4.92

29, 769
31,055
24, 630
24, 404

401
515
557
557

6.40
6.40
6.40
6.40

639
640
679
609

23, 874
25, 698
29, 928
26, 637

470
416
400
657

337,042
346, 739
327, 855
396, 991

567
595
564
672

23,129
25,041
25,052
29,646

371, 597
352, 255
287, 351
285, 847

625
593
495
471

1937
January
February. _
March
April...

298, 764
284, 630
3CO, 656
267, 300

500
480
507
452

Stocks (tanned),
end of month

Production

_

-._
. ...

24, 389

M a y .. _ _ _ _ _ _
June
July
August
_

Dress and street
Total

In proc- Finished
ess

Imported
leather

Domestic
leather

Work
gloves

Dozen pairs

Number of skins

$3.17
3.28
3.35
4.01
5.68
5.65
7.77

September
October
November
December. . _

1

Women's
black
kid,
dress
welt
lace
oxford

Gloves cut

1

7341

7

7

$4.13
4.07

399
653
824
617
645
683

1 256
1,454
1,643
2,098
1,852
1,542
1,832

5.15
5.15
5.15
5.13

4.15
4.15
4.15
4.15

578
708
736
698

1,414
1,579
1,683
1,660

2,120
2,118
2,166
2,396

203, 946
219, 133
196, 957
177, 239

43, 521
47, 853
40, 739
30,028

6.40
6.40
6.40
6.40

5.00
5.00
5.00
5.00

4.15
4.15
4.15
4.15

774
720
753
722

1,822
1,797
1,844
1,883

2,706
2,818
2,964
2,943

200, 308
205, 764
218,961
222, 713

40, 380
45,640
51, 816
54, 595

26,482

133,446

30, 370
35, 963
35, 544

129, 754
131, 182
132, 574

533
464
533
357

6.40
6.40
6.40
6.40

5.00
4.98
4.85
4.85

4.15
4.13
4.00
4.00

710
634
588
613

1,821
,792
,803
,891

3,044
2,982
2,941
2,853

206, 850
213,069
183, 562
224, 583

50,003
50, 240
49, 327
56,224

34, 862
38, 579
30, 792
34, 590

121, 985
124, 239
103, 443
133, 769

31, 673
31, 662
26, 758
25, 415

426
407
546
498

6.40
6.40
6.40
6.40

4.85
4.85
4.85
4.85

4.00
4.00
4.00
4.00

666
684
662
669

,789
,818
,839
1,888

2,656
2,599
2,541
2,518

218, 191
229, 798
196, 060
176, 605

56,406
56, 087
51, 605
41, 673

33, 905
34, 837
31, 046

127, 880
138, 874
113, 409

26,920

108,012

24, 993
27,292
31, 277
27, 678

491
397
559
595

6.40
6.40
6.40
6.40

4.85
4.85
4.85
4.85

4,00
4.00
4.00
4.00

727
808
810
823

1,913
1,857
1,891
1,762

2,672
2,761
2,905
2,736

196, 270
197, 987
230, 749
219, 370

50, 917
58, 681
64,588
62,655

27, 736
31, 348
43, 187
37, 928

117, 617
107, 958
122, 974
118, 787

586
591

6.40
6.40

4.85
4.85

4.00
4.00

860

1,677

2,819

208, 924

57,848

36, 503

114, 573

3 150
2,923
3,027
3,547
2,709
2,350
2,797

8

197, 593
188, 854
200, 536
208,039

8

37, 623
32, 067
40,828
50,333

8

30, 847

8

29,955

129, 123
126, 832

30, 327
32, 824

124, 881

23,077
28, 457
27, 503
26, 221

128,973

137, 348
142, 823
128, 715
120, 990

September
October .
November
December.
1 Shipments of oak leather belting compiled by 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 by geographical districts.
2 Reported to U. S. Department of Commerce, Bureau of the Census, by 205 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.
s 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, and details by States are given twice a year.
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.
c 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 September, 1922, issue (No. 13), p. 47.
6
Compiled by U. S. Department of Commerce, Bureau of the Census, representing total data for the following grades of glove leather: Goat and kid, cabretta, sheep and
lamb, and deer and elk. Stocks of glove leather are those held by tanners. Monthly data since September, 1920, were given in the July, 1927, issue (No. 71), p. 22.
7
Average for last 4 months of year.
8
Average for last 6 months of year.




58

U.S.'

Can*
ada 6

U.S.7

Shipments
At mills

Canada 6

U.S.5

U. S.5

Canada 6

At
publishers

In
transit to
publishers

U.S.7

Imports

U.S.8

9

Exports

U.S.8

Canada e

1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.

av _._
av
av
av _ _ _
av
av
av __

No. of
editions

New Shiporders ments

Thousands of
books

I

i

av
av
av
av
av
av
av

fl
8
£
Dolls.
100
Ibs.

Short tons

1913 mo.
1914 mo.
1915 mo.
1916 mo.
1917 mo
1918 mo.
1919 mo.

«MTT

SALES
BOOKS 2

|s-{? Total activity

Production

,0

Stocks, end of month

Imported books

YEAR AND
MONTH

Consumption
by pubUshers

American manufacture

BOOK
PUBLICATION i

NEWSPRINT PAPER

PRINTING ^

Table 36.—NEWSPRINT PAPER AND PRINTING

~ ~

62, 083
67, 922

38, 998
31, 713
24, 035
23, 929

13, 325
12, 597

124, 789
154, 952
155, 185

41, 155
40, 983

18, 320 3,608
26,290 5,066
30, 701 4,597
39, 019 6,395
46, 593 7,822
49, 689 8,062
52, 311 9,189

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

814 206
763 238
616 195
733 136
728 110
695 75
648 67

10, 046

9,850

i

61, 251
67, 284

110, 248
142, 091

113, 858
106, 049
114,880

125, 997 72, 931
102, 103 67, 339
120, 641 90, 028
123, 750 105, 519
122, 548 112, 750
127, 527 126, 851
9140,558 9156,511

148, 760
147, 957
170, 738
151, 179
136, 829
148, 897
166, 780

125, 215
102, 172
121, 035
123, 111
122, 505
127, 862
9
140, 605

72, 563
66, 930
90, 499
104, 793
112, 063
127, 096
9
156, 562

23, 324
29, 940
22, 837
22, 207
29, 357
26, 867
16, 662

10, 682
17, 033
10, 572
14, 745
19, 789
22, 454
13, 881

144, 712
188, 797
171, 121
175, 797
176, 855
152, 733
148, 043

52,006
28, 211
36, 657
40, 601
33, 941
32, 205
36, 194

60, 822
66,040
85, 772
109, 056
113,065
120, 687
154, 278

3,824
1,401
2,147
1, 363
1,429
1,895
1,610

59, 469
62, 969
79, 960
94,830
101, 615
116,805
144, 332

6.00
5.00
3.69
3.89
3.83
3.70
3.50

621
581
604
626
611
667
681

81
113
116
113
144
131
137

9,592
7,665
10, 779
11,344
10, 988
11, 991
11,913

11, 118
8,264
10, 083
11, 488
11, 260
11, 916
11,967

101
100
100
100
100

113, 251
105, 024
114, 543

1926
January,
February
March
April.. .

140, 003
129, 688
145, 900
145, 255

139, 688
135, 663
154,, 093
151, 739

158, 419
147, 477
170, 228
172, 670

138, 964
128,693
142, 669
144, 535

136, 498
135, 505
153, 157
154, 015

16, 356
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

May
June
July
August

141, 004
142, 167
140, 606
139, 035

153, 969
158, 601
163,037
162, 545

176, 893
161, 156
147, 584
151, 144

142, 286
141, 494
142, 773
136, 318

151, 990
161, 108
161,824
160, 031

18, 207
18,852
16, 524
19, 098

14, 331
11, 795
12,963
15, 624

128, 253
115, 714
152, 295
165, 229

35, 770
32, 391
31,811
36, 316

134, 870
162, 972
153, 865
161, 063

1,941
1,526
1,902
1,206

135, 251
141,889
150, 778
149, 935

3.50
3.50
3.50
3.50

847
491
606
587

146
88
108
135

12, 250
12, 946
11, 638
13, 288

11, 537
12,432
9,578
12, 625

96
97
91
94

September
October
November
December

_. 135, 848
142, 482
140, 427
135, 069

161, 387
168, 500
164, 798
163, 717

163, 089
186, 860
183, 368
172, 537

136, 963
145, 818
141, 042
136, 501

162, 740
168, 821
167, 135
161, 922

18, 026
14, 633
13, 592
12, 030

14, 684
14, 942
12, 571
14, 345

170, 543
161,917
180, 663
187, 272

36, 863
43, 359
37, 399
41, 560

139, 720
172, 603
169, 577
170, 159

1,413
1,403
1,256
902

143, 524
159, 509
153, 729
156,408

3.50
3.50
3.50
3.50

805
920
737
634

135
187
174
96

12, 682
11, 719
11, 091
10, 244

12, 096
12, 814
12,386
12,544

101
104
102
108

1937
January
February
March
April

135, 395
120, 985
133, 207
129, 892

161, 724
151, 986
175, 307
166, 460

168, 241
144, 071
176, 356
186, 138

130, 973
118, 743
128, 927
128, 666

158, 866
145, 263
170, 163
168, 511

15,968
18, 426
22, 744
24, 105

17, 255
22, 769
28,462
26,389

232, 944
224, 572
227, 049
215, 329

43, 624
48, 251
42,884
40, 798

166, 102
134, 209
166, 531
147, 736

1,360
874
1,648
1,073

142, 329
141, 199
184, 502
123,449

3.30
3.30
3.30
3.30

722
660
699
819

132
113
141
135

12, 919
11, 632
12,085
11,045

11, 178
11, 197
12, 521
11, 167

103
102
118
108

127, 395
125, 284

171,819
170, 590

186, 268
169, 536

126, 984
122, 377

170, 468
168, 841

24, 233 27, 520
26, 549 28,851

193, 005
196, 860

43, 862
40,784

170, 545
161, 473

1,314
1,119

149, 924
159, 495

3.30
3.30

693
588

70
93

12, 233
11.790

10, 781
12, 707

May
June
July
August
September
October
November
December

* 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.
2
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.
3 Printing activity, from the United Typothetx of America, is based on productive hours reported by plants in 52 cities in 30 States, each department being weighted for
the combined index.
4 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.
5
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.
6
Production, shipments, and mill stocks of newsprint, comprising practically the total production of Canada, furnished by the Newsprint Service Bureau; exports from

31, 1923, a total of 133,312 tons of paper as against 176,347 tons held by those reporting to the Federal Trade Commission on that date. Monthly data on newsprint paper
from 1920 appeared in June, 1922, issue (No. 10), pp. 45-47.
8
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 9above 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.
Annual averages are slightly larger thon computations from montnly figures owing receipt of annual instead of monthly reports from a few small firms.




59

Table 37.—BOX BOARD AND PAPER BOXES
BOX BOARD i

YEAR AND MONTH

Operation

ConNew Unfilled
Produc- orders orders, sumption,
tion
end of
paper month waste
paper

Thous.
of inch- Perct.
hours capac.
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly a v
1925 monthly a v
1926 monthly a v

8,442
8,352
8,636

1925
January
February
March
April

1

W

2
3
g 6
Per cent of
normal

Total

Corrugated

Solid
fiber

Thousands of square feet

45, 383
43, 508
52, 090

226, 622
291, 036
306, 743
350, 418
404, 859

149, 323
211, 654
231, 190
274, 516
321, 505

77, 299
79, 382
75, 553
76, 397
83, 353

177, 211
177, 852
181, 686
177, 855

53, 920
43, 745
36, 147
46, 897

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

54, 583
60, 604
65, 745
56, 642

180, 708
172, 252
165, 532
155, 656

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

211, 181
223, 193
201, 670
193, 841

52, 872
47, 144
45, 767
50, 333

161, 021
174, 248
171, 815
179, 704

49, 587
48, 911
36, 928
37, 357

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

187, 915
187, 871
214, 046
209, 245

196, 544
194, 704
222, 018
208, 281

49, 634
50,717
54,265
53, 661

172, 203
166, 536
154, 923
149, 742

44, 477
55, 035
42, 971
50, 480

76
81
85
81

75
81
87
82

78
81
79
77

359, 052
386, 051
410, Oil
379, 259

281, 753
304, 115
324, 983
299, 641

77, 299
81, 936
85, 028
79, 618

83, 452
109, 559
122, 202
110, 362

193, 892
213, 912
201, 582
222, 403

207, 934
215, 931
206, 591
224, 702

54,599
60,080
59, 193
60,420

140, 718
139, 967
145, 334
195, 597

45, 327
58,820
60, 462
57, 285

79
77
77
82

79
77
78
83

78
78
75
79

382, 405
387, 650
403, 386
441, 593

298, 150
302, 622
316, 039
348, 835

84, 255
85, 028
87,347
92, 758

219, 850
224, 829
187, 295
190, 163

102, 027
93, 263
69, 118
86,562

212, 608
216, 871
201,633
159, 969

227, 824
233, 593
211, 005
172, 815

62, 669
55, 650
62, 058
55, 159

120, 087
142, 830
151, 187
166, 153

70, 311
59, 076
46, 175
34,662

81
87
80
70

83
89
82
70

76
81
72
65

441, 372
476, 543
431, 378
359, 602

354, 798
386, 104
353, 307
287, 714

86, 574
90,439
78, 071
71,888

173, 629
189, 273
219, 824
205, 589

194, 285
183, 861
230, 065
197, 435

105, 669
102, 005
114, 369
101, 861

163, 337
182, 322
209,730
189, 942

175, 528
189, 032
217, 876
209, 944

53,562
53, 327
54,566
50, 211

163,023
158, 222
155, 513
147, 938

38, 062
40,602
43, 789
46, 314

71
81
79
77

72
82
80
76

68
78
76
77

371, 748
421, 165
421, 110
403, 165

293, 677
336, 910
338, 400
322, 002

78, 071
84, 255
82, 710
81, 163

199, 185
214, 681

192, 061
215, 135

93, 748
95, 839

192, 327
179,835

199, 982
211,223

49, 144
52, 751

149, 838
151,731

59, 289
43,672

75
67

75
68

76
64

406, 633
360, 888

326, 474
290, 546

80, 159
70, 342

176, 854
185, 638
201, 829

8,836
7,954
7,992
8,154

83.7
81.6
75.7
77.2

207, 612
184, 477
186, 176
193, 874

207, 840
169, 647
177, 203
178, 038

114, 743
102, 128
91, 816
81, 084 •

7,579
8,431
8,722
8,496

74.6
79.8
82.6
80.8

171, 846
197, 961
204, 692
203, 114

181, 910
202, 020
223, 734
219, 017

8,611
8,910
8,377
8,164

85.2
81.6
86.3
77.6

207, 351
217, 559
201, 122
197, 668

1926
January _ __
February
March
April

8,135
7,975
9,162
8,629

80.7
83.1
84.9
83.0

May
JuneJuly...
August

8,400
9,140
8,604
9,140

September
October
November
December

1927
January. _
February
March
April.
May
JuneJuly
August

1
=

65
81
79
79
75
77

98, 370
102, 502
99, 809

. _.

In
transit
and unAt mills shipped
Eurases

Production

45
66
79
72
78
81

185, 788
197, 970
208, 857

September
October
November
December

Ship- Stocks,
end of
ments month

Operating
time

50
70
79
74
78
80

81.0
80.6
84.3

May
June
July..
August _- .

Stocks of waste
paper, end of
month

Short tons
101, 861
147, 745
127, 490
185, 627
197, 788
210, 743

_._ __

PAPER-BOARD SHIPPING BOXES 2

185, 411
197, 702
210, 162

31, 667
28 967
45, 031
50, 271
54, 472
56, 509

162, 096
172, 962
153, 773

199, 988
175, 921
176, 758
177,243

203, 454
183, 587
187, 668
187, 940

53, 865
55, 062
52, 799
58, 242

85, 069
92, 401
113, 504
120, 818

165, 426
186, 226
190, 993
194, 759

176, 207
192, 629
198, 667
212, 386

200, 826
216, 687
202, 219
196, 501

111, 165
104, 497
105, 043
107, 756

195, 683
197, 839
188, 534
178, 284

197, 360
196,965
225, 688
207, 765

211, 263
183, 030
219, 994
194, 824

120, 091
106, 269
104, 128
90,671

84.0
87.9
82.8
87.9

207, 498
221, 909
206,235
226, 337

200,832
242, 089
219, 271
212, 845

9,312
9,659
8,527
6,943

93.1
92.9
85.0
66.8

230,050
226,180
217, 850
165, 074

6,999
7,583
8,628
7,771

71.0
80.2
81.1
75.9

8,147
7,913

82.7
77.2

October
November

* 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 all paper board of more
than 0.009 inch thickness, such as strawboard, chip board, news board, etc., used for making boxes. Similar paper board designed for making specialties, and boards of less
than 0.009 inch thickness are not classed as box board. Capacity data are determined by the number of working days in each month, Sundays and holidays excluded.
The 2 data almost completely cover 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 Box 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 fort he 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, 1923, issue (No. 27), p. 89. The production of boxes is measured by the area of board passing through the box
machines.




60

Table 38.—PAPER
BOOK PAPER i

lei
%
D»g

£

A
a

1

Total
Unfilled
orders,
end mo.

*I
&

Uncoated
Production

-2
0

Orders

YEAR AND
MONTH

Production

Coated

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

Production

ALL OTHER 2
GRADES

Stocks, Produc- Stocks,
end of
end of
tion
month
month

TOTAL PAPER '
(including newsprint and
boxboard)

Production

Stocks,
end of
month

Short tons

j
i

1917 mo. av
1918 mo av
1919 mo. av.
1920 mo. av.
1921 mo. av.

FINE PAPER 2

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
504, 294
515, 861
533, 278
409, 398

238, 113
189, 240
238, 999
181, 910
239, 697

38, 221
46, 439
48, 851
58, 870
62, 354

69,689
85, 320
84, 639
90,615
89, 582

61, 228
67, 370
108, 635
99,577
68, 741

30, 088
31, 341
30, 810
37, 410
38, 259

36, 630
43, 913
50, 278
50, 650
51, 571

102, 758
90, 630
92, 752
99, 737
102, 790

47, 488
53, 279
57, 811
62, 855
74, 312

552, 748
594, 996
618, 946
660, 114
693, 346

235, 371
278, 239
345, 203
353, 290
330, 267

1922 mo av
1923 mo. av
1924 mo. av..
1925mo. av.
1926 mo. av.

92
86
89

91
86
90

86
82
86

10
9
. 8

95
96
97

95
93
95

96
92
93

14
12
13

81, 827
93, 466
102, 569
107, 038
112, 182

1925
May
_.
June _
July
August

95
88
76
70

93
86
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

632, 591
649, 366
645, 417
659, 416

365, 375
381, 864
384, 533
371, 824

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

659,
713,
658,
661,

738
299
587
292

351, 245
330, 244
319, 018
324, 490

1926
January
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

685, 765
656, 496
741, 472
700, 960

318, 378

May
June..
July
August

89
88
83
87

87
88
84
81

79
83
81
89

6
6
6
9

99
92
88
94

92
88
87
91

90
86
91
92

12
12
13
13

109, 594
111, 786
100, 607
108, 656

62, 312
67,920
64, 524
67,750

82, 905
87, 391
84, 142
92, 546

70, 147
72, 019
67, 642
66, 211

39, 271
36, 780
36, 489
36, 488

51,040
53, 675
52, 104
53, 528

104, 575
103, 594
98, 006
97, 525

80, 834
84, 146
81, 963
77, 675

684, 847
703, 627
666, 085
700, 587

337, 139
356, 692
341, 950
344, 682

September .
October
November.
December..

90
92
89
87

89
94
88
92

85
85
79
82

9
8
7
5

96
99
98
96

95
100
93
93

88
99
93
88

12
13
13
12

110, 829
113, 046
115, 307
117, 613

67, 073
62, 378
61, 130
62, 353

90, 432
95, 384
92, 125
89, 475

64,444
67, 914
67, 446
67, 860

36, 751
37, 756
38, 113
35, 650

53, 843
51, 609
52, 959
52, 408

103, 174
109, 903
105, 511
96, 260

75, 215
68, 908
67, 746
65, 894

707, 084
724, 751
709, 333
639, 141

341, 270
321, 092
324, 931
315, 704

1927
January
February _ .
March
April

95
88
90
95

91
88
90
94

87
94
94
87

7
9
10
10

104
102
98
92

97
99
95
87

93
97
90
90

10
11
9
10

119, 965
111, 569
123, 839
110, 217

64, 847
64, 199
66, 767
66, 099

91,760
86, 051
98, 325
93, 419

68, 465
66, 916
69, 116
72, 705

35, 148
34, 064
39, 195
40, 539

52, 794
50, 999
49, 518
49, 446

100, 755
93, 572
108, 797
99, 211

67, 593
65, 697
66, 662
67, 589

657, 192
635, 512
723, 187
678, 867

323, 229
319, 564
329, 373
330, 155

May

94

88

84

12

93

89

89

10

103, 604

70,726

86, 461

73, 877

38, 136

49, 899

100, 903

73, 095

655, 684

340, 974

313,700
324,004
323, 666

July
August
September _
November.
"OpppmbfT
•

1

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
proportion 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 and 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 compiled 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 not compiled, the paper-board figures of the American Paper and Pulp Association have been
used, 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.




61

WOOD PULP
Chemical

Mechanical

YEAR AND
MONTH

LABELS i

ConsumpIm- 6
Produc- tion and Stocks,
end of
tion 5
ship- months ports
ments s

ConsumpIm- 6
Produc- tion and Stocks,
end of
tion 5
ship- 5 months ports
ments

Per
Dolls,
per 100 cent of
capacIbs.
ity

Short tons

1909-1913mo.av_
1913 mo. av__
1914 mo. av
1915 mo. av
1916 mo av

125, 678

1917
1918
1919
1920
1921

mo.
mo.
mo.
mo
mo

av
av
av
av
av

120, 589
108, 617
120, 817
131, 525
105, 668

1922
1923
1924
1925
1926

mo.
mo.
mo.
mo.
mo.

av
av
av
av
av

Price,
sulphite,
unNew
bleach- orders
ed >

129, 325

112, 145

16, 463
13, 991
18, 105
14,504
21, 877

117, 804
109, 817
120, 660
132, 308
106, 214

145, 567
131, 170
154, 251
120, 079
166, 889

23, 257
15, 456
16, 855
19, 375
16,000

159,
158,
161,
185,
127,

375
008
247
780
786

123, 495
131, 073
145, 727
142, 464
154, 095

127, 802
131, 266
139, 796
143, 569
153, 495

136, 664
95,900
195, 007
225,804
204, 065

17, 965
24, 957
20,929
27, 657
25, 194

152,
133,
153,
186,

957
397
057
918

150, 115
141, 695
160, 368
162, 083

196, 894
188, 472
181, 248
205, 935

189, 580
- 165,312
. . 130, 197
123, 438

161, 478
155, 229
147, 005
149, 520

25 855

25, 521
31, 130
38, 091
32, 861
35, 100

44, 799
33, 671
53, 725
33, 720
53, 411

33, 230
32, 728
36, 147
56, 153
44, 457

4.81
3.84
3,52
6.58
3.50

165, 198
185, 253
199, 140
205, 785
222, 937

166, 438
200, 642
200, 793
206, 147
223, 597

52, 518
62, 472
58, 492
41, 335
42, 089

86, 942
92, 843
106, 399
111,520
118,809

25, 388
22, 894
24, 416
15, 866

217,
209,
235,
225,

215,
208,
236,
236,

490
948
768
364

40, 542
41, 178
39, 790
39, 078

234, 037
241, 754
224, 948
198, 782

19, 127
26,067
21, 645
26, 759 "

220, 142
225, 330
217, 150
221, 874

220, 118
223, 214
213, 550
223, 340

Shipments

Domestic

Foreign

Reams

106, 824

160, 572

PAPER BOXES *

Shipments

Rel. to
192119228

May
June
July
August

246
458
684
664

Pay
roll

*

|j

i

1926
January
February
March
April

i

Dollars

Shiprn'ts

$2.23
2.16
2.12
3.81

157, 797
.158, 930
160, 375
185, 536
127, 467

ABRASIVE
PAPER AND
CLOTH 2

ROPE PAPER
SACKS 3

Table 39.—WOOD PULP AND PAPER PRODUCTS

i

I
I

44.2

68, 150
78, 363
47, 957

9,171
11, 695
4,379

2.56
2.97
2.58
2.68
2.87

82.7
80.6
83.7
86.0
87.4

72, 394
86, 916
79,006
86, 891
84, 634

8,836
10, 943
10, 165
12, 435
13, 565

110
119
129
126
117

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, 142

11, 461
10, 956
18, 907
15, 669

89
101
115
104

1, 048, 649
1, 072, 232
1, 231, 367
1, 139, 753

295,209
296, 624
335, 097
306, 027

39, 274
42, 132
45, 710
45, 566

106, 250
136, 577
129, 237
131, 769

2.95
2.95
2.95
2.75

113.4
98.1
101. 9
74.1

82, 181
93,003
77, 756
94, 911

14, 962
13, 591
12, 277
10, 549

95
123
127
138

1, 067, 499
1, 132, 586
1, 053/531
1, 234, 541

304, 929
315, 251
301, 333
328, 808

8

100
$1, 177, 623 $311, 169
1, 092, 491 285, 160
1, 200, 203 306, 648
332, 757
1, 278, 538

September
October-.- _. November
December

135,
167,
164,
147,

003
597
278
405

147,
162,
155,
148,

025
812
409
205

186, 760
193, 040
200, 932
195, 980

31, 771
39, 123
26, 712
22, 556

218, 466
235, 848
227, 186
221, 200

219, 788
237, 560
225, 202
222, 824

44, 012
42, 130
43,638
42, 014

104, 964
121, 806
123, 582
144, 425

2.75
2.75
2.75
2.75

65.4
68.9
97.1
45.1

93, 804
89, 802
72, 748
60,291

10, 896
13, 123
15, 903
14, 490

137
133
123
120

1, 435, 729
1, 641, 956
1, 742, 204
1, 542, 409

350, 216
390, 361
398, 390
370, 833

1937
January
February
March
April

146,
125,
166,
165,

077
740
411
680

163, 466
128,886
148, 360
142, 483

183, Oil
180, 100
198, 338
221, 535

18, 378
12,723
23,746
19, 772

229,580
206, 646
235,408
219,108

229, 382
204, 248
232, 858
221, 634

38, 730
39, 950
42,800
39,290

153, 584
89, 662
97,063
82, 536

2.75
2.75
2.75
2.75

84.5
81.9
81.0
79.7

76, 717
83,229
98, 054
85, 334

12, 575
13, 569
20, 844
16, 714

99
108
118
108

1, 039, 429
1, 019, 498
1, 175, 717
1, 128, 205

285, 521
298, 421
315,073
296, 293

160, 192

137, 997

243, 762

17, 217
20, 275

214, 948

222, 694

39, 120

116,912
109, 700

2.63
2.60

72.0
124.1

85,928
81, 917

17, 735
15, 877

114
118

1, 060, 508

297, 680

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 includethe shipments 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 shipments 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 Sack 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
Compiled by the National Paper Box Manufacturers' Association covering reports of 88 identical manufacturers in 1926 and 1927, to which are prorated reports from 60
firms in 1925 and 54 firms in 1923 and 1924, based on the averages per firm, on which basis there was a difference of only 2 per cent between calculated and actual figures in 1926.
Monthly data from 1923 appeared in the May, 1927, issue (No. 69), p. 22.
5
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.
8
Twelve months' average July, 1921, to June, 1922. Numerical data not furnished by the association.




62

Table 40.—BUILDING COSTS AND HOUSING
BUILDING
MATERIAL
PRICES i
(1st of mo.)
Frame Brick
house house

Factory
building
costs 3

Relative to 1913

YEAE AND MONTH

HOUSING
RENTAL
ADVERTISEMENTS

INDEXES OF CONSTRUCTION COSTS

Eel. to
1914

ConReinstruc- Frame8 Brick, Brick, forced
wood 8 steel 5 contion 4
frame frame crete6
costs

Construction
COSts 6

Portland,
Oreg.?

Relative to 1913

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

100

100
10O

3920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average

FIRE
LOSSES

41 cities

United
States
and
Canada9
Thous.
dolls.

Number

RELATIVE NUMBERS
1913
1914
1915
1916
1917
1918
1919

Minneapolis,
Minn.

REAL
ESTATE
CONVEYANCES 2

NUMERICAL DATA

100
89
93
147
181
189
198

"100

niOO

11 100

niOO

1197
1199
11 109
11 134
11 164
11 212

11 100
11 103
11 114
11 110
11 171
H219

"98
11 101
11 122
11 155
11 179
H209

H98
11 102
11 120
H147
11 171
H210

251
202
175
214
215
207
208

H269
11 196
11 190
209
205
202
204

H284
H216
11 196
219
218
210
213

11 257
H201
11 185
212
210
202
199

H264
H207
11 188
210
206
200
201

200
184
201
202
199
197

64, 672
63,094
56, 877
92, 567

$18, 727
19, 637
15,236
19, 287
22,273
26, 413
22, 414

808
968
1, 094
1,232
1,284

10 1, 319
1,886
3,082
3,673
4,788
5,096
5,161

104, 973
91, 642
109, 895
139, 089
140, 961
153, 973
154, 316

27, 571
27, 721
34,241
32, 433
31,461
31, 125
32, 751

182
207
201
196
195

186
209
203
197
195

179
170
202
198
195
197

May
June
July
August

197
195
197
196

197
196
197
196

199
199
199
198

207
205
208
208

203
203
203
203

213
213
213
213

200
200
197
198

202
201
200
200

199
198
198
196

1, 379
1,277
1,143
1,348

5, 858
4, 318
3,793
8,932

162, 565
166, 738
160, 732
151,418

32,764
28,676
31,723
27, 833

September
October
November _
December

194
192
192
189

193
192
192
190

197
197
197
197

208
210
211
211

203
204
204
204

213
213
213
213

197
198
198
198

200
201
200
200

196
195
196
196

1,421
1,456
1,172
1,070

8,169
7,273
4,738
3,385

146, 717
158, 217
144, 942
147, 057

19,309
14, 877
26, 724
43, 758

190
191
191
190

190
190
190
189

196
194
193
193

212
210
209
209

204
204
204
204

213
213
213
213

198
197
197
197

200
200
200
200

197
199
201
201

1,144
1,057
1,125
1, 131

3,131
2,955
4,183
5,895

135,
129,
161,
160,

935
258
754
088

37, 911
26, 285
26, 808
39,724

189
190

189
189

193
193
192

207
206
204

204
204

213
213

196
196

199
200

200
200
199

5,828
4,526

150, 558

20, 713
25, 481

1936

_

1937
January
February
March __ .. _. ._
April
May
June
July
August

.

.

-_

September
October
T>piceTTibfir
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 Real estate transfers and conveyances compiled from official records of 41 large cities by the National Association of Real Estate Boards.
3 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 factory 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 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), p. £2. These index numbers are given as of the first day
' of the month.
s 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 percentage's determined from buildings of each type actually constructed. Details by districts and description of method of compilation
may be found in the American Appraisal News for January, 1925, p. 9. Quarterly data, 1920 to 1923, inclusive, appeared in October, 1925, issue of the SURVEY (No. 50), p. 26.
6 Compiled by the Associated General Contractors of America, combining indexes of wages and materials in the proportion of 40 per cent for wages and 60 per cent for
materials, believed to be the average of all types of construction. The wage figures are those reported for hod carriers and common labor by the National Board of Builders' Exchanges for 12 cities: Atlanta, Baltimore, Boston, Chicago, Cincinnati, Cleveland, Detroit, Los Angeles, New York, Philadelphia, San Francisco, and St. Louis.
The material prices are averages for the same 12 cities as compiled by the Engineering News Record for the following materials: Sand, gravel, crushed stone, Portland
i lie ilia LcU Oil i-UlUvJS cut? aveiages iui i/i-ic aauio iz/ v;ii/J.co ao ^UJJ-i^ijicvi w.r t"o A^uyi / i c e / my J.TCM-'O J.LCUU; u- L\JL i/^c LUIIU vv i-iag, juacttci J.CIID. ucia-na, gicivci, v/i IAOJ-ICVA DtuJ-ic, -L ui iiaaa
cement, common brick, lumber (all weighted equally), hollow tile (weighted one-half), and structural and reinforcing steel (both together weighted one-half). Mont'
averages for period, 1914-1920, follow: 1914, 99; 1915, 100; 1916, 114; 1917, 152; 1918, 175; 1919, 198; and 1920, 247. Monthly figures since the beginning of 1921 were given
the May, 1927, issue (No. 69), p. 22.
? 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.
8 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.
9 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 figures. Monthly data from 1913 and seasonal index appeared in the December, 1923, issue (No. 28), p. 53.
10 Average of quarterly figures.

11 Four months' average, September to December.


63

CONTRACTS AWARDED
UNITED STATES
(36 States) 1
YEAR AND MONTH
Commercial

Thous.
sq. ft.
1913
1914
1915
1916
1917
1918
1919

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

10, 897

1920
1921
1922
1923
1924
1925
1926

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

Industrial

Thous. Thous. Thous.
dolls. sq. ft. dolls.

Residential

Thous.
sq. ft.

Thous.
dolls.

Educational

CANADA 2

Public and
semipubiic

Thous. Thous. Thous. Thous.
dolls. sq. ft.
dolls.
sq. ft.

Public
works
and
utilities
Thous.
dolls.

Grand totai
Thous.
sq. ft.

Total

Thousands of
dollars

CONSTRUCTION
VOLUME 3

Table 41.—BUILDING CONSTRUCTION

Rel. to
1913

$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, 835

8,107
6,413
9,363
9,120
9,420
12, 589
11, 791

30, 639
31, 803
47, 545
42, 743
49, 695
69, 639
71, 845

12, 564
3,518
6,448
6,119
4,169
5,623
6,566

57, 459
16, 893
31, 674
36, 932
29, 606
38, 562
54, 259

12, 642
18, 812
28, 538
32, 562
35, 192
45, 043
41, 577

51, 669
80, 139
123, 014
144, 541
170, 841
222, 664
214, 944

2,745
4,239
5,701
4,641
4,854
4,892
4,351

16,903
23,918
29, 754
26, 719
30, 620
34, 434
30, 558

2,824
4,298
4,921
3,912
4,643
5,817
5,512

20, 765
26, 268
31, 653
25, 386
32, 728
46, 077
48, 347

56, 374
45, 719
55, 960
55, 456
60, 326
73, 811
88, 603

38, 275
36, 859
54,552
56, 352
58, 869
74, 955
70, 245

240, 677
224, 070
318, 403
331, 776
373, 816
485, 187
508, 583

21,300
20,011
27, 653
26, 187
23, 022
24, 831
31, 079

47
89
135
157
163
177
180

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,
519,
464,
510,

217
528
683
868

29,746
29,648
46, 973
12, 675

221
209
203
156

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,
576,
552,

373
723
800
253

12,669
13, 478
19, 779
37,292

137
117
119
151

_ _ _ _ _

12,045
12, 015
10,704
12, 438

63, 006
66, 064
65, 347
78, 236

6,785
5, 610
9,209
6,918

44, 560
53,725
59, 703
64, 049

48, 783
44, 154
34, 999
39,829

236, 640
224, 771
177, 646
213, 624

6,194
5,635
5,876
5,196

37, 188
38, 845
40, 874
40,906

6,012
5,938
4,901
7,207

46, 978
47, 798
48, 374
58, 153

92, 335
91,809
109, 436
119, 078

80, 704
73, 802
66,004
72,220

520, 707
523,011
501, 380
574, 046

57,140
54,186
33,865
31,696

179
220
228
215

_ _

14, 171
11, 141
9,616
9,856

95, 352
61, 219
56, 403
69, 634

6,290
6,613
6,613
5,941

48, 836
45, 740
64, 552
47, 139

40,183
41, 814
41, 691
37, 033

219, 910
218, 982
223, 305
199, 483

4,588
3,404
4,562
2,812

32,953
23,076
33, 535
21, 912

6,303
5,768
5,181
5,587

56, 825
49, 837
46, 782
63,357

90,652
100, 512
49, 122
118, 583

71, 897
69, 316
68,049
61, 531

544, 528
499, 366
473, 700
520, 107

20,760
43, 384
34, 972
13, 725

221
200
210
162

January
February
March
April

10,037
8,799
14, 712
12, 259

77, 829
65, 937
106, 925
78, 084

3,721
4,237
6,239
9,187

27, 134
40, 381
47, 560
40, 032

29, 757
31, 025
47, 938
47, 731

160, 029
158, 004
240, 312
259, 841

2,329
2,967
5,475
4,515

16, 675
21, 842
35, 413
34, 326

3,266
4,760
7,569
5,582

31, 625
45, 765
63, 948
58, 227

53, 638
49, 358
101, 717
113, 246

50, 568
52, 348
82, 827
79, 722

368, 930
381, 286
595, 874
583, 766

16, 771
19, 475
17, 436
38,566

129
121
135
166

May
June _
July
August

12,499
12, 395

69,183
82, 543

6,962
5,541

42, 869
32, 985

38, 228
42, 038

212, 500
233, 193

5,136
5,374

33, 655
40, 568

7,957
8,465

67, 334
75, 479

105, 220
147, 343

70, 580
75, 231

530, 762
612, 111

46, 728

197
212
221

1925
September
_ _
October
November
December

-

100
97
95
108
91
63
86

1936
January
February
March
April

__.

May
June
July
August

_

September
October
November
December

1937

September
October
November
December
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 semipubiic 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.
3
Compiled by the Associated General Contractors of America to show actual installations in construction as contrasted with contracts let. Tne index is a simple average
of structural steel bookings, common-brick bookings, Portland cement shipments, loadings of sand, gravel, and stone, shipments of face brick and shipments of enameled
sanitary ware. To allow for lag between the factory and the job, the index computed from these data for a particular month is shown as the construction installation
index for the following month. Monthly data since the beginning of 1921 were given in the May, 1927, issue (No. 69), p. 22.




64

Table 42.—YELLOW PINE AND DOUGLAS FIR LUMBER
NORTH
CAROLINA
PINE 2

SOUTHERN PINE 1

YEAR AND MONTH

Production

Shipments

New
orders

Stocks,
end of
month

Exports 3

Lumber

Timber

Price,
flooring *
Dolls.
Mft.
b. m.

Thousands of feet, board measure

423, 529
368, 307
380, 532

441, 903 446, 405
399, 160 354, 287
379, 701 376, 070

82, 270 34, 627 $23. 04
21.37
52, 325 24, 109
20.29
38, 353 13, 674
40, 263 13, 933 22.64
1, 371, 652 27, 369 10, 069 31.54
1, 116, 259 24, 993 2,991 33.76
937, 748 36, 481 12, 849
55.00

358, 031
375, 438
431, 633
450, 165
453, 376
473, 336
447, 857

330, 229 306, 559
394, 812 399, 677
430, 673 451, 395
458, 971 451, 944
459, 483 463, 763
471, 843 474, 291
452, 646 445, 749

1, 187, 587
1, 211, 174
1, 177, 627
1,086,042
1, 099, 374
1, 162, 665
1, 106, 661

53, 096
36, 061
39, 522
54, 368
55, 827
57, 678
48, 465

11, 245
7,228
12, 616
14, 237
14, 563
12, 866
1,668

1936
January __
February. ._ _
March
April

446, 454
434, 400
479, 370.
454, 005

437, 159
456, 570
469, 737
492, 779

463, 977
473, 852
475, 836
474, 287

1, 182, 790
1, 156, 211
1, 178, 497
1, 120, 803

44, 359
44, 825
51, 362
56, 908

May
June
July . _
August

460, 346
449, 745
449, 794
446, 163

479, 176
469, 108
471, 819
467, 317

489, 003
435, 126
460, 685
499, 991

September
October.. _
November
December

448, 293
441, 419
427, 430
436, 869

1927
January...
February
March
April

422, 022
403, 807
444, 469
412, 472
439, 870
426, 123

1913 mo.
1914 mo
1915 mo.
1916 mo.
1917 mo.
1918 mo.
1919 mo.
1920
1921
1922
1923
1924
1925
1926

av
av
av
av
av
av
av

mo. av
mo. av
mo. av
mo. av
mo. av_ ... _
mo. av
mo. av

May
June
July
August

Production

Shipments

DOUGLAS FIR

Production •'

1
Exports 6
Wholesale price 7
Ship- 5 New 5
Lum- Tim- No. 1, Floorments orders
coming
her
ber
mon

Dolls. M ft. b. m.

Thousands of feet, board measure

$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

74.53
35.98
45.46
47.70
41.89
46.49
45.11

33, 514 29, 791
30, 164 29, 052
52, 543 52, 496
48, 257 48, 539
49, 144 49, 337
54, 188 51, 558
49, 474 48, 901

380, 351
297, 738
435, 673
508, 789
488, 831
543, 966
526, 844

334, 915
298,506
409, 224 416, 088
515, 951 510, 318
497, 747 509, 871
558, 067 562, 805
529, 828 536, 468

37, 602
37, 936
51, 225
43, 165
51, 877
50, 659
57, 927

14, 371
31, 479
40, 427
28, 897
46, 314

29.92
11.83 $46. 95
15.25 47.24
19.42
51.57
17.25 45.33
17.25 42.18
16.48 38.93

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

40.23
40.09
40.20
40.20

1, 102, 498 46, 905
1, 086, 086 48, 992
1, 070, 179 44, 790
1, 055, 408 46, 141

156
271
85
117

45.76
44.63
43.17
42.89

58, 898
45, 136
46, 347
48,888

63, 350
43, 631
49,490
47, 033

545, 682
560, 455
491, 965
515, 690

583, 732 562, 693 70, 816
577, 913 573, 884 65, 340
508, 975 532, 253 44, 531
526, 434 481, 221 53, 822

53, 437
65, 518
36, 065
58, 747

16.50
16.50
16.97
16.55

39.46
39.47
39.27
38.50

458, 749 445, 502
457, 297 431, 254
426, 171 362, 275
345, 865 337, 200

1, 052, 000
1, 045, 688
1, 065, 538
1, 164, 232

41, 951
49, 122
47, 531
58, 692

71
162
58
74

42.88
43.54
43.02
41.31

48, 524
53, 711
50, 050
48, 797

47, 670
54, 019
47, 271
45, 367

525, 091
564, 036
503, 603
419, 893

512, 556 . 528, 224 67, 380
517, 928 511, 661 25, 137
457, 943 512, 556 63, 801
405, 121 401, 987 47, 794

50, 983
32, 708
56, 042
46, 442

16.49
17.16
16.23
16.89

38.23
37.91
37.41
36.24

382, 751
361, 403
452, 940
438, 466

426, 558
402, 162
459, 862
433, 287

1, 219, 779
1, 252, 224
1, 239, 474
1, 205, 135

64, 492
46, 648
51, 244
80, 305

261
1,071
89
389

40.81
40.04
39.66
39.56

47, 712 47, 054
55, 013 57, 967
48, 755 47, 838
49, 462 51, 191

410, 045
510,766
511,213
484, 355

411, 836
485, 698
510, 766
565, 827

458, 839 48, 025
516, 138 53, 944
546, 130 47, 720
548, 368 46, 699

26, 449
22, 994
39, 294
45, 003

16.43
17.19
16.80
17.24

36.06
35.92
35.99
35.81

460,588
405, 744

463, 831
407, 970

1,218,391 63, 216
1, 208, 417 73, 035

311
131

39.32
38.96

50, 204
47, 649

532, 253
510, 319

548, 369
551, 950

553, 741
502, 709

56, 865
47, 495

16.56
16.34

35.69
35.77

34, 230

50, 918
50,001

59, 973
68, 544

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 i3
then applied to the normal production of the 192 mills. The average production in the first four months of 1916, 484,065,392 feet, is taken as normal production. There are 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,
issue (No. 26). Monthly data 1917 to 1920 appeared in April, 1923, issue (No. 20), p. 49.
2
Data computed from reports on actual production and shipments as furnished by the North Carolina Pine Association, Inc., for mills varying in number 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.
3
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), p. 56. Lumber exports comprise boards, planks, and scantlings, rough and dressed, and exclude short-leaf
pine4 and all 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.
6
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), p. 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.
7
Data from U. S. Department of Labor, Bureau of Labor Statistics, and represent averages of weekly prices. No. 1 common is given for the State of Washington, whlie
flooring price is an average for Pacific coast mills, covering 1 by 4, B and better grade, vertical grain. Monthly data on flooring extending back to 1921 appeared in the
November, 1926, issue (No. 63), p. 16.




65

Table 43.—MISCELLANEOUS SOFTWOODS
CALIFORNIA WHITE
PINE a

WESTERN PINE 1

YEAR AND MONTH

Production

Shipments

Stocks,
end of
month

Production

Ship- Stocks,
end of
ments month

Lumber

109, 357
113,424
113, 794
134, 467
74, 437

110, 423
97, 784
109, 032
110, 697
76, 840

Pro- Ship- New Produc- ments orders duction
tion

1922 monthly av
1923 monthly av_
1924 monthly av
1925 monthly av
1926 monthly av

120, 689
145, 916
137, 661
150, 988
144, 094

1935
May
June
_
July
August

September
October...
November
December

881, 924
1, 063, 658

31, 900
37, 284
36, 037
29, 114

265, 113
287, 645
267, 276
370, 303

40, 273
34, 204

50, 139
27, 768

128, 606
129, 140
135, 251
138, 820
148, 538

857, 812
914, 376
1, 033, 833
983, 967
1, 136, 101

66, 387
101, 876
96, 061
116, 576
123, 717

45, 784
61, Q72
76, 765
106, 570
113, 582

382, 216
494, 177
568, 840
567, 021
601, 215

44, 512
51, 460
42, 959
46, 599
40, 687

48, 357
46, 346
44, 621
45, 204
45, 163

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
64, 313
63, 407

44, 368
46, 265
49, 534
53, 065

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

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

35, 825
31, 546
36, 742
45, 493

40, 933

540, 585
485, 007
521, 153

179, 111
180, 746
175, 363
175, 005

144, 653
154, 785
172, 648
186, 740

1, 145, 787
1, 170, 478
1, 180, 321
1, 165, 752

161, 382
169, 420
154, 409
171, 168

117, 601
133, 923
123, 414
127, 671

521, 237
605, 169
606, 335
659, 098

43, 493
51, 571
51, 549

47, 351
51, 972

September
October.November
December

157, 977
153, 716
125, 685
88, 122

175, 618
162, 282
130, 469
112, 917

1, 154, 950
1, 150, 089
1, 142, 636
1, 127, 426

160, 740
138, 768
100, 885
81, 226

126, 708
109, 915
91, 472
89, 293

679, 154
659, 171
674, 249
690, 157

40, 859

1927
January
February
March
April

69, 113
80,234
117, 722
154, 742

114, 579
117, 193
143, 711
156, 237

1, 069, 835
1, 036, 454
1, 014, 062
1, 056, 021

55,821
44,247
44,323
57, 305

75, 706
73, 874
105, 261
100, 206

591, 017
560, 748
522, 422
477, 411

32, 493
35, 127
31, 109
42, 302

160, 121
173, 765

146, 741
152, 022

1, 027, 541
1, 073, 630

114, 984

106, 470

482, 405

47, 379
55, 502

1936
January
February
March
April
May
June
July
August

May
June
July
August

.

ProProduc- Ship- duc- Ship- New
Ship- tion • ments tion ments orders
ments

Thousands

52, 561
48, 263
58, 368
39, 110

66,200

25, 649
27, 693

35, 327
33, 643
30, 056
27, 290
16, 986

33, 169
37, 974
37, 051
19, 431
18, 435

23, 483
26, 059
20, 416
21, 166
17, 477

11,989

12, 338
18, 313

14, 576

24,298

9,581

44,406
41, 127

41,110

6,357

8,669
49, 033
41, 018

Thousands of feet, board measure

9,881

12, 574
13, 290
10*, 825
12, 110
10, 527

11, 097
12, 292
11, 796

9,550
10, 735

37, 460
36, 404
44, 243
39, 618

28, 547
32, 759
35, 337
28,441

28, 745
39, 934
30, 576
29, 472

26, 083
25, 351
18, 920
18, 082
19, 040

49, 035
£3, 240
48, 136
42, 326

44, 010
49, 268
37, 583
38, 785
39, 165

47, 805
46, 861
38, 129
38, 391
42,371

21, 323
18, 417
20, 154
20, 890

41, 933
49, 544
37, 416
47, 182

39, 992
41, 754
32, 025
47, 941

34, 176
42, 978
29, 414
46, 571

19, 265
21, 622
18, 070
16, 276

39, 451
36, 897
46, 810

38,"620 33, 657
36, 641 38, 328
38, 216 37, 103
38, 225 44,837

41, 846
40, 965
57, 078
42, 413

33, 489
33, 709
41, 616
41, 370

44,832
39, 648
53, 913
39, 390

50, 023

47,687
40, 448
37, 702
49, 418

46, 352
42, 530
34, 135
45, 978

33, 639
39, 742
47, 116
24,043

33, 516
49,8§6
46, 259
32, 014

42,600
40, 121
59, 952
47, 394
55, 619
51, 766

43,294

16, 237
17, 978
18, 397
15, 356

12, 403

11,144

33, 923

49, 856
36, 018
36, 798

12, 144
9,284
4,118
9,254

11, 194
9,881

29,207
28,500

6,735
4,884

26,628

41, 399
36, 128
42, 000
41, 874

9,246
8,282
8,791
10, 076

8,690
8,148
13, 599

16, 301
16, 633
17, 727

9,570

16,291

14, 152
15, 445
14, 629
20, 326

46, 170
50, 690
46, 783
50, 389

9,950
15, 728
15, 944
13, 127

11,444
18, 348
13, 422

16,942

17, 712
16, 229
19, 905
21, 582

21, 892
25, 107
21, 738
23, 027

48, 323
50, 396
39, 452
28, 115

46,204

10,029
13, 050
5,729
6,372

9,846
9,796
4,342
4,668

23,219

22, 109

15, 024

19,500

35, 749
40, 463

15,504

17, 797
12, 756

30, 852

30, 557
33, 603
38, 777

29,184

7,795
7,875
9,675

19, 811
21, 854
17, 820
16, 159

14, 474
15, 773
21, 462

32, 099
32, 511

41,353

7,251
7,338
6,532
9,866

6,261

32, 393
33, 908
44, 555

22,278

34, 199

35, 851
37, 061
51, 273
44, 278

43, 401
45, 188

44, 451
35, 045

13, 194
15, 732

13, 634
14, 758

16, 931

23, 922

44, 692
37, 802

56, 527
41, 970

39,043
43, 260
46, 732

56,490
45,528 49, 890
52,296

CALIFORNIA
REDWOOD s

Lath

Thousands of feet, board measure
1917 -monthly av
1918 monthly av
1919 monthly av
1920 monthly av
1921 monthly av

NORTHERN
HEMLOCK *

NORTHERN PINE 3

38, 636
38, 622

48,928
53, 152

42,994

41, 460
24, 677
25, 550

21, 198

13, 602

44,089

40,404
30, 762
47, 448

49,906

42,418

September.
October
November
December
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 mast 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.
3
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), 4p. 48.
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 6numbers 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 56H 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 of 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 redw9od 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 relationDigitized shipFRASER actual reported figures and the total capacity of all mills.
for between the

http://fraser.stlouisfed.org/
54177°—27
Federal Reserve Bank of St. Louis

5

66

Table 44.—HARDWOODS
ALL HARDWOODS

il
00

2

Thousands of feet, board measure
1922 monthly av
1923 monthly av_
1924 monthly av_
1925 monthly av_
1926monthlyav_

492,159 145,024 173,012 4 392,818
555,276 174,425 191,628 s 434,137
763, 235 234, 025 245, 086 616, 003
831, 563 227, 226 264, 850 645, 836

111,097
134,413
182, 308
166, 265

143,854 4 134,608
150,528 5 139,712
197, 030 170, 177
210, 536 216, 651

1935
January
February
March
April

665, 144
689, 384
733, 351
775, 221

214, 750
219, 501
228, 110
289, 563

225, 734
227, 670
247, 669
258, 294

529, 515
554, 280
598, 267
646, 255

169, 712
176, 546
185, 891
199, 413

180, 321 159, 337 54, 927
182, 678 153, 680 49, 569
200, 116 150, 027 47, 836
215, 122 148, 068 49, 740

M!ay
Juno
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
197, 199
196, 281
184, 064

206, 650
210, 831
201, 981
194, 514

157, 975
156, 356
169, 152
171, 277

September
October
November
December _

761, 818
783, 401
788, 180
806, 346

222, 577
226, 808
225, 087
224, 112

228, 742 608, 554 171,838
243, 417 619, 997 170, 786
249, 340 613, 814 168, 829
261, 070 635, 176 172, 966

178, 850
193, 980
195, 297
204,024

176, 217
188, 400
207, 561
204, 077

1936
January
February
March
April

765, 431
783, 215
769, 992
790, 558

212, 922
226, 818
221, 397
224, 164

May
June _ _
July
August

807, 583
820, 714
819, 196
824, 661

229, 017
235, 525
232, 729
223, 865

258, 404
259, 965
269, 228
273, 426

September
October
November
December... _

893, 104
884, 608
897, 818
921, 875

1927
January
FebruaryMarch
April

898, 606
862, 624
862, 428
802, 761

May
June
July
August

47,020
48,029
57, 645
71^ 522

1,807 1,927
39,530
2,538 2,391
45,952
3,529 3,144
54, 063 « 72,000 8 87,000 594,000 3,830 3,4,77
69, 372 88,000 89,000 91,000 2,763 3,220

« C

V
QQ

10, 214
8,153 s 2,111 s 4,207
11, 463 3,526 5, 652
19, 282 3, 352 7,332
15, 552 3,125 7,500

1, 460
2,410
2,641
2,958
2,511

1,327 2,, 087
2,114 3,282
2,727 3,106
3,011 4,158
2,438 2,069

3,205
3,472
3,679
3,862

3,073 3,356
3,208 4,002
3,441 4,281
3,465 4,678

4,182
3,825
3,654
3,341

16, 709
17, 085
17, 476
18, 232

56, 749
53, 542
52, 736
58, 245

49, 957
4,132
47, 226
3,589
57, 236 74,000 73,000 83,000 3,873
56, 8G2 72,000 86,000 91,000 3,491

3, 029
3,119
2,940
3,237

19, 332
19, 515
20, 736
20, 898

60, 712
67, 143
72, 354
68, 188

56, 688
55, 712
61, 572
63, 312

244, 137 592, 772 161, 851
246, 619 607, 117 174, 314
247, 154 593, 423 168, 507
252, 375 626, 807 175, 405

188, 963 204, 771 68, 190
186, 202 216, 186 74, 488
184, 817 208, 965 68, 952
192, 072 193, 150 61, 955

636, 253
640, 937
641, 713
642, 551

175, 453
175, 186
166, 894
165,011

222, 502
224, 008
231, 160
242, 602

301, 830 685, 439 163, 108
301, 135 673, 856 164, 309
308, 099 690, 785 168, 703
315, 826 718, 373 176, 443

238, 364
228, 621
225, 823
200, 180

304, 723
304, 766
303, 719
290, 994

168, 645
162, 053
159, 759
142, 647

%

M feet, log measure

4,650
4,056
4,336
4,017

698, 475
663, 146
661, 711
617, 375

Made into
lumber
and veneer

13

Purchases

o

Unfilled
orders

C

Logs
New orders

Shipments

Oak

Total
hard- Gum Oak
woods

Lumber
Production

Oak

Total
hard- Guni
woods

New o r d e r s 2
(computed)

Total
hard- Gum
woods

Shipments2
(computed)

YEAR AND
MONTH

Unfilled orders l

Unsold stocks l

Production
(computed)

Total stocks l

WALNUT 3

50, 743
49, 851
51, 497
48, 102

2,593
2,414
3,421
3,282

6,140
5,723
6,143
6,698

3,552
2,921
2,880
2,637

3,496 4,734
3,261 4,374
2,656 4,599
2,637 4, 599

78,000
73,000
65,000
68,000

83,000 96,000 3,363 3,287 20, 688 3,102
93,000 98,000 3,243 3,066 20, 858 3,599
96, 000 107,000 2,979 3,813 20,024 5,065
92, 000 90, 000 4,229 3,870 19, 831 3,469

6,424
7,277
8,384
7, 912

2,897
1,842
2,121
2,430

2,879 4,770
2,378 3,930
2,361 4,000
3,281 2,569

60, 433
66, 670
68, 884
67, 863

81, 000
85, 000
82,000
80, 000

85, 000 87,000
92,000 100, 000
86, 000 90, 000
85,000 81,000

198, 839 202, 383 69, 200
199, 732 210, 850 73, 617
210, 390 206, 584 73, 191
215, 312 207, 768 70, 279

67, 212
68, 836
67, 198
63, 942

85,000
95,000
94, 000
94,000

82, 000
84,000
91,000
97, 000

230, 752 233, 189 69, 822
227, 982 242, 254 73, 184
235,911 239, 059 76, 790
255, 457 234, 651 78, 594

252 811
242, 949
241, 518
229, 171

232, 338
230, 731
234, 933
219, 108

83, 627
79, 605
81,904
72.069

3,143
3,156
2,874
3,077

3,624
3,627
4,011
3,143

19, 071
18, 010
17, 473
17, 368

3,673
2,882
4,245
2,922

7,820
7,367
7,830
7,577

2,076
2,559
2,781
2,597

2,073 1,208
2,393 1,485
2,821 1,388
2,472 1,513

87, 000 2,787 2,778 16, 974
92,000 3,043 3,074 16, 992
92,000 2,134 3,057 15, 463
93, 000 2,610 3,022 15, 046

2,692
2,880
3,101
3,353

7,181
6,930
7,418
8,027

3,380
3,417
2,399
2,361

2,630 2,151
2,803 2,961
2,168 3,193
2,439 3,093

76, 661
82, 185
79, 739
67, 841

94,000 93,000 105,000 2,640 2,806 13,930
93,000 101,000 100,000 2,320 3,688 12, 503
90, 000 91, 000 92, 000 2,378 3,310 11, 591
82, 000 79, 000 74, 000 2,996 2,502 12, 202

3,547
2,920
2,737
2,543

8,498
7,521
7,039
6,789

1,991
1,833
2,273
2,462

2, 619 2,237
2,143 1,941
2,335 1,754
2,357 1,907

59, 143
68, 816
68, 633
69, 044

84,000
84,000
83, 000
62,000

84,000 90, 000 2,417 2,809 11, 810 3,621
94,000 100, 000 2,606 3,303 11, 103 2,564
92,000 94,000 3,319 3,115 11,291 3,736
85,000 89,000 2,547 2,745 11, 093 2,978

7,591
7,574
7,279
8,243

2,441
2,117
2,858
2,285

2,088 2,260
2,361 1,927
2,738 2,047
2,176 1,918

770, 467 191, 549 276, 704 595, 295 139, 531 215, 629 206, 994 65,237 67, 964 59,000 89,000 88,000 2,717 2,884 10, 915 3,042 8,114 3,440 2,476 2,882
758, 206 196, 277 270, 266 591, 505 147,245 212, 383 197,092 61, 124 63, 934 68,000 80,000 67,000

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. Monthly
data on new orders and unfilled orders since July, 1923, were given in the April, 1927, issue (No. 68) p. 25
* Seven months' average, May through N9vember, inclusive.
5 Six months' average, July to December, inclusive. v




67

Table 45.—TOTAL LUMBER AND FLOORING
LUMBER— ALL SPECIES
Retail yards, 9th
Fed. Res. Dist.«
YEAR AND
MONTH

Produc- Exports 4
tion s
Sales

Composite
prices 6

Stocks, Hard- Softend mo. woods woods

Thousands of feet, board measure
1909-13 in. a.
1913 mo. av_
1914 mo. av_
1915 mo. av_
1916 mo. av.
1917 mo. av1918 mo. av

2, 197, 334
2, 102, 537
2, 086, 531
2, 262, 175
2, 141, 144
1, 874, 419

av.
av_
av_
av_
av_
av.
av_
av.

2, 069, 522
2, 059, 875
1, 762, 264
2, 270, 967
2, 495, 261
2, 418, 838
2, 625, 942
2, 460, 026

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
13, 403 111, 606
161, 687
17, 187
111, 258
161, 714
14, 760
102, 280

1935
September __
October
November _ .
December. ~

2, 824, 212
2, 835, 311
2, 476, 262
2, 403, 748

138,044
170, 376
148, 858
201, 369

20, 799
21, 859
17, 751
9,870

1936
January
February- _ _
March
April

2, 254, 461
2, 470, 531
2, 737, 616
2, 591, 512

155, 726
156, 720
188,249
173,675

May
June
July
August... _

2, 677, 098
2, 582, 349
2, 443, 684
2, 413, 655

Unfilled
Unfilled
Ship- Stocks, New orders,
Ship- Stocks, New orders,
ProProend of
end of
duction ments month orders end of duction ments month orders end of
month
month

Dolls, per M ft.,
board measure

Thousands of feet, board measure

178, 398
216, 037
149, 146
93, 947
91, 208
84,971
85, 314

1919
1920
1921
1922
1923
1924
1925
1926

OAK FLOORING 2

MAPLE FLOORING 1

mo.
mo.
mo.
mo.
mo.
ino.
mo.
mo.

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
41.80
46.56

$48. 98
27.42
30.79
33.86
30.95
30.71
30.67

10, 039
10, 383
8,378
11, 479
11, 734
8,603
8,828
9,986

11,848
8, 259
8,121
11, 934
11, 805
7,865
8,428
8,849

15, 448
15, 963
30, 749
28, 040
21, 268
23, 880
26, 979
31, 277

14, 163
5,106
8,991
12, 194
11,085
8,085
8,360
8,370

38, 289
26, 723
10, 176
20, 311
26, 804
12, 347
10, 117
9,419

10, 101
10, 745
12, 411
22, 877
30, 103
34, 843
43, 167
44, 421

11, 070
/,800
13, 595
23, 945
28, 878
35, 306
42, 825
41, 923

14, 431
25, 859
32, 875
23, 006
33, 609
43, 773
47, 104
57, 443

11, 782
6,343
14, 058
23, 723
28, 313
35, 900
42, 435
40, 194

15, 035
11, 324
12, 003
33, 052
44,258
46, 562
52, 031
41, 728

111,953
104, 849
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

8,112
7,207
9,943
13, 777

101, 041
104, 520
106, 752
109, 235

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, 007

48, 244
54, 362
57, 291
62, 656

34, 446
33, 411
42, 267
40, 223

54, 161
49, 599
45, 231
42, 491

173, 466
178, 197
142, 895
156, 875

17, 963
21, 340
20, 611
20, 268

106, 642
104, 699
109, 909
109, 822

41.70
41.61
39.95
39.95

31.46
30.22
30.21
29.93

8,283
8,624
8,329
11, 316

8,074
9,334
10, 414
13, 911

31, 689
30, 290
28, 557
31, 546

7,443
9,949
8,963
11, 155

8,920
9,317
8,755
9,987

41, 998
44, 056
44, 789
46, 396

42, 139
46, 035
46, 259
47, 756

60, 282
59,737
56, 450
54, 325

41, 415
45, 302
47, 545
49, 756

41, 513
41, 744
39, 260
43, 329

September. _ 2, 491, 837
October
2, 468, 949
November.. 2, 279, 825
December. __ 2, 108, 796

163, 301
121, 116
164, 263
166, 080

16, 483
20, 664
14, 697
6,055

102, 183
94, 830
88, 276
89, 444

40.96
40.93
41.15
41.15

29.90
30.28
29.98
29.78

12, 034
11,616
12, 152
11, 750

13, 194
11, 961
9,765
9,541

31, 131
31, 314
33, 619
35, 483

9,720
7,115
6,171
7,071

9,606
8,580
7,350
7,669

47, 201
45, 056
40, 029
37, 489

47, 270
42, 859
34, 501
30, 504

53, 469
55, 273
60, 145
67, 079

41, 777
37, 767
33, 827
34, 595

39, 237
35, 578
32, 603
35, 995

1937
January
February
March
April

2, 098, 788
2, 216, 344
2, 378, 995
2, 268, 148

178, 697
153, 607
153, 700
188, 014

6,134
6,061
9,824
13, 809

100, 202
103, 928
105, 096
106, 152

41.11
41.08
40.80
40.65

29.74
21.76
30.26
30.52

9,842
8,888
9,589
8,141

7,880
8,085
9,363
10, 022

29, 034
29, 710
30, 367
28, 154

6,587
6,405
8,120
9,103

6,224
6,847
9,300
10, 856

35, 215
35, 601
39, 917
35, 697

31, 929
34, 925
42, 535
40, 970

70, 629
70, 090
67, 833
62, 196

37, 497
39, 133
44, 609
45, 763

41, 061
45, 275
47, 975
51, 623

2, 452, 123
2, 405, 042

192, 997
213, 464

15, 619
19, 997

106, 879
103, 713

41.96
42.47

30.65
30.65

8,282
10, 101

11, 921
11, 526

25, 055
25,061

11, 785
5, 310

13, 238
11, 634

40, 380
42, 522

49, 034
37, 132

51, 430
58, 276

48, 424
22, 707

52, 315
37, 983

May
June
July
August

September
October
November
December .
1 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 memberwas added, making a total of 19 reporting. Monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 43.
2 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.
s 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.
* Exports consisting of boards, planks, and scantlings are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
fi 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.
e 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.
http://fraser.stlouisfed.org/ average, June to December, inclusive.
? Seven months'

Federal Reserve Bank of St. Louis

68

Table 46.—FURNITURE, ROOFING, AND NORTHERN
HOUSEHOLD
FURNITURE
AND CASE
GOODS i

Unfilled
Ship- orders,
end
ments
of mo.

Shipments
Unfilled
orders,
New
orders end of
month Value Quantity
Number
of pieces

Value average per firm, dollars

1919 monthly average
1920 monthly average
1921 monthlv average

NORTHERN
HARDWOODS <

Production

Shipments

M. ft. b. m.

11.3
11.2
13.5

697.3
96.8
97.5
100.0

32, 732
34, 206
27, 838
26,500
37, 397
33, 352
34, 404
29,982

64
59
55
51

5.5
9
10.5
25

94
100
101
99.5

29,508
35, 842
25, 175 ' 39, 979
35, 261
15, 735
33, 269
22,098

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

29
28
42
27

22
22
26
29

47
47
46
55

25
11
5

7

100
100
97
100

41, 499
27,470
17, 169
15,875

25, 863
26, 867
26,468
29,674

65
62
60
42

34
33
34
15

31
31
31
28

60
61
61
56

7.5
13.5
12.0
31.0

100
102
102
100

15, 653
13, 034
11,394
15, 578

15, 399
29,247
26, 153
22,227

9,347
10, 601
10, 670
10, 218

57
49
42
33

46
39
22
14

25
25
27
20

52
55
55
47

6.0
14.0
16.0
26.0

98
100
97.5
95.0

38,053
40, 162
52, 610
40, 625

25,178
28,472
34, 848
27,838

8,900
8,596

42

29

17

44

10.0

95.0

28,691

26,919

$40, 266
23, 949
29, 833
37, 882
36, 950
45, 742
51, 161

$128, 088
28,812
45, 005
56, 317
46, 287
53, 305
63, 843

$13, 281
11, 317
7,125
9,773
13, 767
11, 658
12,288
11, 386

$17, 225
13, 160
4,433
6,960
11, 709
5,034
4,308
4,127

$12, 424
11, 357
6,227
9,231
13, 719
11, 743
12, 318
11, 167

s 12, 465
10, 149
13, 689
16,540
13, 969
15, 229
13, 829

663
58
62
64

624
27
28
30

625
25
27
27

658
57
57
53

62, 301
60, 852
55, 681
45, 518

69, 157
73, 625
73, 449
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

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

50,130
48,025
68,891
74, 240

9,256
8,332
8,231
10, 101

2,592
1,897
2,511
3,408

9,443
9,878
7,604
9,017

11,690
11, 153
9,979
11, 875

57
60
72
68

63, 266
63,560
58,183
48,563

78, 590
72, 215
67, 016
46, 819

15, 524
16, 891
13, 557
10, 469

6,651
8,649
6,663
2,600

12,061
14, 716
15,533
14,300

16,600
18, 709
20,474
17, 763

41, 957
49,529
60,207
46, 214

73,694
65, 131
47, 330
36, 952

8,427
8,580
7,837
8,129

3,490
2,921
2,286
2,004

7,259
8,255
8,428
7,935

45,042
39, 115

*

Plant operations

No. Per ct. Per ct.
days' new
full
sales orders time

Number days'
production

42, 941
41, 695
40, 331
54,218

1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average

Cancellations

Outstanding
a c c o u nts,
end of mo.

Shipments

New orders

FURNITURE-GRAND RAPIDS
DISTRICT 3

Unfilled orders,
end of mo.

YEAB AND MONTH

PIANO BENCHES AND
STOOLS 2

HARDWOODS

43,125
41, 574

7,011
6,507

1,972
1,578

6,976
6,860

615

33,328
27, 509
19, 067
34, 204
38, 852
28,533
29, 202
27, 668

1935
September
October
November..
December

-

__

1926
January
February
March
April

__

_

May
June
July
August

September
October
November
December.

__

_

1937
January
February
JVIarch
April
May
June
July...
August

September
October

_

_.

__

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 firms 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 1923 since which time only 8 firms have reported. The figures are strictly comparable, however, as the 6 firms which
ceased reporting went out of this line of business. It should be noted that the items, new orders, unfilled orders, and shipments (values) are averages per firm while shipments (quantities) are totals for the reporting firms. Monthly data from 1917 to April, 1924, showing aggregates for all items appeared in the June, 1924, issue (No 34),
P, 57.
3
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.
< 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
issue (No. 54), p. 65.
« Six months average, July to December, inclusive.
6 Seven months' average, June to December, inclusive.




69

Table 47.—LUMBER PRODUCTS AND SAND-LIME BRICK

Un- Pacific
YEAR AND MONTH Book- Ship- filled coast,
ings ments orders new 8
orders
Thousands of sq. ft.
surface

1925 mo av
1926 mo. av

1925
September
October
November
December

« 4, 888 • 5, 217
3, 595' 3,905

5

g

B

7, 188

6,628

M92

5,972

3,401
3,301

3,938
4,341
4,721
4,189

May
June:
July
August

2,609
3,605
3,696
3,824

3,678
3,936
3,406
3,456

3,824
3,443
4,437
4,708

September
October
November
December

4,121

3,893
3,786
3,625
3,891

4,672
4,807
4,548
3,579

1926
January
February
March
April __ __

1927
January
February
March
April
May
June
July
August

4,534
3,763
4,232

3,882
3,791
2,913

7,518

7,657
6,947

3,526
2,362

3,814
3,182

3,426
2,577

2,136
2,519

3,197

3,591

3,290

Unfilled
New
Shiporders,
Proorders
ments (finished end of
ducmonth
tion (finished sets)
(rough) e sets)
(finished
sets)

Stocks
on hand,

end of

month 7
(rough)

SAND-LIME BRICK <

Production

Ship- ShipUnfilled
ments ments Stocks, orders,
end of end of
by
by
mo. month
truck
rail

Sets

Thousands of brick

e 294, 768 e 711, 687 6 473, 988 6 1, 235, 610 6 2, 402, 466
707, 426 738, 341 675, 812 1, 662, 681 2, 459, 913

7 16, 634 7 6, 191 7 10, 050 7 8, 697 718,837

251

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

222
146
214
126

205, 738
358, 733
451, 868
332, 551

591, 912
632, 542
596, 824
492, 072

371, 689
431, 569
308, 803
504, 087

1, 023, 457
970, 130
987, 222
1, 237, 374

1, 475, 275
1, 794, 937
1, 853, 125
1, 411, 589

182
208
172
172

138
395, 583
344
790, 622
227
997, 792
248 1, 213, 395

581, 809
813, 932
814, 754
916, 242

675, 166
699, 165
847, 249
653, 905

1, 446, 864
1, 853, 831
1, 832, 283
1, 711, 747

4,484

251
184
214
151

220 1, 403, 392
862, 800
111
752, 557
231
82
724, 085

895, 528 1, 293, 273
965, 924 1, 159, 314
697, 679 534, 616
860, 875 630, 909

6,521
6,931
6,551
6,115

116
70
100
84

59
72
90
84

508, 827
739, 936
965, 163
854, 926

617, 160
782, 564
779, 871
596, 346

100
90

127
85

338, 029
435, 505

452, 978
786, 607

5,349
4,278

3,587

192

7,471
7,496
5,200

6,130

3,348
2,991
3,373
2,370

3,219
3,711

CIRCLED HEADINGS FOR WOODEN
BARRELS 3

Number of
carloads

4,646

4,974
4,832
5,214
5,848

4,571
5,512
4, 933

Purchases

ROTARYCUT
VENEER 2

PLYWOOD i

2, 578, 671
3, 070, 079

16, 101
17,940
20, 819
17, 435

4,984
9,465
5,649
7,690

2, 184, 084
2, 753, 279
2, 577, 303
1, 374, 498

3, 545, 455
2, 993, 355
3, 069, 088
2, 977, 129

15, 626
16, 178
16, 923
12,049

6,663
4,890
6,363
3,825

568, 835
523, 066
250, 939
282,009

1, 993, 216
1, 812, 076
1, 072, 794
1, 166, 942

2, 924, 016
3, 035, 957
3, 309, 362
3, 278, 677

8,307
9,679
16, 748
16, 218

3,939
5,843
7,707
6,230

460, 217
938, 347

1, 166, 943
1, 287, 654

3, 460, 562
3, 264, 706

23, 225
19, 171

8,196

2, 074, 030

•2,676,208

7,553

12, 151

8,302
10, 996

9,870
9,094

7,311 20, 695
6,855 23, 446
7,613 18, 526
8,770 24,200
9,877
8,613
8,953
11, 583

18, 651
19, 325
18, 150
7,701

10, 811
11, 895

17, 032
13, 866
13, 802
9,779

17,908
18, 580
25, 415
18, 463

13, 251
13, 460

8,740
9,743

17,237
18, 293

12, 344

10,240
7,401

5,438
6,792

SeptemberOctober
November
December..
* Compiled by the Plywood Manufacturers' Association, except for Pacific coast orders, 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 prorating the weekly reports of the Wirebound Box Manufacturer's 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.
3 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. Data on
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 weekly reports. From the rough
headings are produced the finished sets. Stocks include both sold and unsold goods.
4
Compiled by Rock Products from reports of 14 firms from May through August, believed to represent about one-half of the production of sand-lime brick in the
United States and Canada. - In September and November of 1926 17 firms reported, October 20 firms, and December 23 firms. The 1926 averages are based on total
figures for the year by 23 firms.
8 Four months' average, September to December, inclusive.
6 Three months' average, October to December, inclusive.
7 Eight months' average, May to December, inclusive.
8
Data for 1925 compiled by the Pacific Coast Plywood Manufacturers Association, from reports of 6 firms. Beginning with December. 1926. figures are reoorted bv
y
9 firms to the A. D. Davis Statistical Bureau.




70

Table 48.—GLASS AND CHINA PLUMBING FIXTURES
1

POL-

ISHED
PLATE
GLASS

ILLUMINATING GLASSWARE i

VITREOUS CHINA PLUMBING
FIXTURES 4

GLASS CONTAINERS 3

(2)

YEAE AND
MONTH

Unfilled
New Ship- or- St'ks,
end
Ratio
Total to ca- orders ments ders, mo.
end
pacity
mo,
No. of

turns

1920 mo av
1921 mo. av
1922 mo. av
1923 mo. av
1924 IRQ. av
1925 mo. av
1926 mo. av

Production

Production

Per cent of capacity

No. of weeks'
supply

Produc-

tion

Thous.
sq. ft.

Un-

filled St'ks,
Ratio Net Ship- orders, end
Total to ca- orders ments end
mo.
pacity
mo.
Thous. P. ct.
gross

Net

orders
received

Thous. of gross

Ship- Unfilled Stocks,
orders*
ments end mo. end mo.
Number of pieces

4, 465
6, 390

7,422
7,630
9,769

50.1
41.6
44.5
42.3

50.7
42.1
44.7
44.3

50.5
40.0
44.2
43.0

3.2
2.6
2.3
1.4

6.7
8.4
7.0
4.8

10, 738

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

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

June .
July
August
September
October
November
December

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

2,012

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

2,005

10, 726

42.8
41.7
25.0
29.8

45.9
47.9
36.3
42.8

41.3
45.6
34.5
36.9

1.3
2.5
1.8
1.9

6.0
4.7
3.8
3.5

11, 029
12, 525
10, 748
11, 274

2,130
1,988
2,016

43.7
50.9
52.6
50.0

47.0
49.6
46.9
40.2

46.3
49.4
47.7
47.2

1.4
1.4
1.2
1.0

3.4
3.5
3.6
3.7

11, 431
11, 186

2,009

35.5
48.2
39.0
39.6

40.5
40.7
41.0
38.8

0.6
1.1
1.0
1.0

3.7
3.6
3.5
3.7

8,484
9,790

2,032

3,023
3,030

35.6
37.2
39.0
39.8

11, 641
10, 299

2,797

37.0

45.0

39.3

1.2

3.6

9,618

1925
January _
February
March.
April _ _
May

1926
January
February. _ _
March
April
May

June
July
August
September _
October
November.
December.. _
1927
January
February
March
April..
May
June
July.. _
August

September
October
November
December

4,021
3,112

3,385
3,125

3,200
3,913

4,330

2,975
2,996
3,517

3,575
3, 123
3,171
1,494

2,050
3,193

3,565
3,956
3,879
2,948
2, 620

|
5 2, 053 576.6 5 2, 383 5 1, 805 s 7, 891 5 4, 911
2,046 72.6 2,145 1,987 8,751 5,607

9,885
9,928

9,705
7,344

6

439, 986 6 343, 201
513, 133 501, 336

196, 727
204, 117

10, 328

11,617

« 223, 783 <5 238, 280
258, 828 251, 003

1,940

2,206
2,055

1,834
1,977
2,051

2,038
2,321
2,143

2,045

73.8
77.6
79.7
75.1

2,373

2,078

7,090

2,510

1,962
1,648
1,532

7,301

73.3
72.6
68.3
74.2

2,804

76.5
70.0
71.0
71.7
72.2
79.7
72.3
69.0

2,543
2,105

2,166

2,290
1,663

1,704
1,744
.2, 056
2,179

1,754
1,862
1,935
1,642

2,381

2,237

2,088

2,421

1,980
1,693
1,592

2,553
2,414

2,288
2,117

2,022

8,378
8,794
9,654
10, 017
10, 116

5,906
5,982
5,915
5,781

8,918
8,116

5,543
5,276

7,232
7,640

5.138
5,145

7,672
7,958
8,714

5,054
5,408
5,822

9,453

6,315

10, 274

6,541

11,219

6,646
6,488

2,234
2,205

2,725
2,838
2,390
2,004

2,368 11, 137
2,346 10, 658

2,197

73.8

1,800

2,383 10, 135

1,803
1,867

5,614

9,522

71.3
70.8
72.3
74.1

1,942

4,295
4,669
5,064

6,341
6,149

259, 877
272, 828

509, 763
441, 052

281, 106
285, 684

181, 544
212, 829
288, 986
258, 495

236, 187
240, 318
190, 066

230,404

386, 409
358, 920
457, 840
485, 931

300, 906
350, 926
405, 716
434, 865

271, 957
230, 639
243, 499
189, 391

230, 507
227, 924
268, 792
221, 168

527, 381 444, 664
530, 096 443, 043
504, 803 472, 199
473, 026 508, 692

236,484

256,111

332, 187
260, 704
377, 703

305, 007
268, 038
272, 616

453, 399
480, 579
473, 245
578, 332

559, 873
518, 484
505, 393
500, 453

236, 289
152, 351
406, 956
167, 752

289, 599
258, 004
206, 199

523, 637
417, 984
616, 864
578, 251

471, 077
497, 150
524, 937
570, 069

190, 769
144, 860
217, 059
212, 798

279, 299
265, 390
243, 138
219, 177

497, 700
377, 170
351, 090
344, 712

559, 259
545, 769
597, 823
617, 328

242, 399
343, 372

241, 199
295, 629

345, 912
390, 440

607, 230
558, 883

208,076

.

1 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 association reports give details by classes of shades, reflectors, bowls, and globes in number of turns.
2 Compiled by Plate Glass Manufacturers of America, comprising practically the entire industry. Monthly data from 1923 appeared in January, 1926, 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 33 manufacturers, covering most of the firms making vitreous chinaware which in
regular practice is connected with a drainage system. The figures represent regular selection (formerly grade A). Details by classes are given in press releases, showing
also 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.
6 Four months' average, September to December, inclusive.

6
http://fraser.stlouisfed.org/ Six months' average, July to December, inclusive.
Federal Reserve Bank of St. Louis

71

Table 49.—BUILDING BRICK, TILE, AND TERRA COTTA

UnBurned burned

Number

Shipments

Unfilled Wholesale
orders, price,
end of
red,
month N.Y.s
Dolls.
per
thous.

Thousands of brick

Production

Thous. of
sq. ft.

FACE BRICK «
Shipments

Stocks, end of
month

ARCHITECTURAL
TERRACOTTA
Shipments
Stocks, BOOKINGS 3
end
of
Quan- Value month Quan- Value
tity
tity

FLOOR AND WALL TILE 2

Production

YEAR AND MONTH

Plants closed
down

COMMON BRICK 1

Stocks,
end
of
month

Unfilled
orders,
end of
month

Thous. Thous.
of dolls. of sq.ft.

Short
tons

Thous.
of dolls.
$652
895
743
1,163
1, 348
1,288
1,683
1,605

591
691
666
723
722

511
616
616
660
667

1,544
1,740
1,576
1,736
2,178

859
1,244
956
966
1,007

Thousands of brick

57
23
20
20
17
18

251, 949
187, 856 e 46, 687
224, 962 64, 918
275, 946 57, 340
279, 500 68, 597
305, 961 73, 662

129, 024
158, 524
146, 236

$15. 96
21.85
129, 573 15.25
17.36
231, 063
19.81
344, 580
17.04
281, 735
281, 751 14.70
252, 224
16.19

1935
January
February
March
_ __„ »
April
.......
.......

31
26
16
6

279, 862
305, 831
287, 800
281, 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

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, 389
225, 401
227, 306
265, 897

67, 480
82, 987
92, 267
89, 608

180, 851
173, 215
180, 407
159, 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

10, 376
14, 964
10, 774
15, 450

1,287
1,806
1,392
2,002

833
817
837
812

890
875
822
733

1,688
1,589
1,503
1,477

1,200
1,153
1,007
892

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, 4.70
5,013
5,050

1,892
2,029
1,761
1,886

6,677
6,606
6,703
7,569

18, 555
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

32
30
17
6

324, 203
355, 139
339, 392
265, 093

58, 399
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

7,555
7,649
8,422
8,324

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
2
5
4

250, 849
193, 246
218, 348
249, 271

77, 178
46, 310
58, 652
59, 103

192, 065
149, 170
140, 623
135, 090

265, 435
220, 078
234, 164
211, 141

17.00
17.00
17.00
17.00

5,374
5,646
5,716
5,708

4,964
5,406
5,401
5,885

1,847
2,015
2,048
2,196

8,602
8,372
8,824
8,586

12, 338
10, 581
17, 613
12, 734

1,609
1,378
2,165
1,491

780
836
859
855

896
895
823
780

2,082
2,028
2,040
2,011

1,257
1,130
1,147
985

18
16
21
64.

284, 021
286, 952
451, 563
453, 452

67, 658
58, 388
182, 716
88, 997

118, 537
135, 824
217, 740
149, 315

216, 289
213, 092
274, 850
311, 979

16.00
15.50
12.25
15.50

5,304
5,817
5,457
5,311

5,625
5,242
4,969
4,936'

2,069
1,987
1,895
1,877

8,356
8,467
8,545
8,776

11, 520
15, 151
10, 690
10, 414

1,247
1,579
1,221
1,155

792
753
716
610

722
861
542
338

2,132
2,084
2,104
2,241

979
863
741
673

68
78
64
2

462, 565
487, 217
427, 484
371, 320

58, 331
62, 455
69, 160
100, 953

93, 806
115, 013
184, 206
197, 411

324, 837
335, 223
369, 857
348, 211

17.00
17.00
17.00
16.50

5,514
5,128
5,467
5,453

4,331
4,351
5,188
4,948

1,648
1,658
1,962
1,879

10, 010
11, 032
11, 282
11, 658

9,851
7,948
12, 343
14, 633

1,138
882
1,350
1,513

489
560
852
729

282
421
687
774

2,409
2,767
2,939
2,614

727
871
1,007
1,074

1

329, 572

154, 151

237, 107

274, 959

15.50
13.50

10, 716
14, 625

1,133
1,388

819
906

860
918

2,507
2,625

1,069
1,113

1919
1920
1921
1922
1923
1924
1925
1926

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

... . ......
.....

October
November

..
..

4,235
4,490
5,407

3,678
4,476
5,069

$1, 246
1,613
1,897

7,659
7,843
8,373

5,252
5,629
5,930
10, 524
10, 556
11, 937
13, 965
13, 306

1926
February
March
April

June
July
August

. ....
...
. . .....
. . .....
. . --..

_ ....

September
October
November
December

..
..
-..
..
;...._
.

...
..

1937
January
February
March

May
June
July.
August

_ _ ..
..
....
....
. . ..
..

.
......
.....

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 which produced about 80 per cent of the total production
of floor 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.
3 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.
4 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.
fi 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, issue (No. 39), p. 101.
e Eleven months' average, February to December, inclusive,




72

Table 50.—CEMENT, HIGHWAYS, AND PAVING BRICK
CONCRETE
PAVEMENTS

PORTLAND CEMENT 1

Wholesale
price, net,
New orders 3
without bags
Pro- Ship- Stocks,
YEAE AND MONTH duc- ments end of
month Chi- Lehigh
tion
cago Valley Total Roads
dist. mills
Thousands of barrels

Per barrel

Thousands of
square yards

FEDERAL- AID
HIGHWAYS 3

Cost
Thous.of
dollars

Miles

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

8,306
8,191
9,489
11,448
12, 405
13,434
13, 671

7,999
7,921
9,714
11, 324
12, 146
13, 060
13, 482

7,278
10, 161
9,572
9,258
13, 178
16, 055
18, 881

1.80
1.54
1.61
1.72
1.74
1.73
1.65

2.05
1.85
1.73
1.88
1.75
1.75
1.72

3,264
4,686
6,595
6,580
7,679
8,681
8,942

2,454
3,662
4,863
4,245
4,842
5,328
5,095

$15, 472
10, 799
17, 084
18,410
17, 876

1925
September
October
November
December

15, 939
15, 992
13, 656
10, 713

17,711
15, 309
10, 187
6,917

10, 247
10, 979
14, 534
18, 515

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

1926
January
February.
March, _
April

7,887
7,731
10, 390
12, 440

5,674
5,820
9,539
12, 965

20, 582
22, 385
23, 236
22, 710

1.65
1.65
1.65
1.65

1.75
1.75
1.75
1.75

3,629
5,012
7,938
13, 563

May
June
July
August

16, 510
16, 866
17, 134
16, 995

17, 973
19, 134
18,812
18, 583

21, 255
19, 000
17, 301
15, 718

1.65
1.65
1.65
1.65

1.75
1.75
1.75
1.75

September
October
Novem her
December

16, 571
16, 596
14, 193
10, 744

18, 087
17, 486
11, 276
6,432

14, 188
13, 334
16, 243
20, 616

1.65
1.65
1.65
1.65

1927
January
February
March
April

8,258
7,377
11, 452
14, 048

5,968
6,731
11, 083
14, 350

22, 914
23, 560
23, 922
23, 654

16, 674
17, 078

16,859
19, 716

23, 482
20, 844

1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.

av
av
av
av
av
av
av

May
June
July
August

__

Production

Distance

7,391
7,203
7,219
7,852
7,542
5,894
7,167

av
av
av _
av
av
av
av

Under
construction

Completed

7,675
7,353
7,146
7,589
7,721
5,891
6,700

1913 mo.
1914 mo.
1915 mo.
1916 mo.
1917 mo.
1918 mo.
1919 mo.

PAVING BRICK*

Per
cent
Stocks, New Can- Unfilled of caShip- end of
orders,
ments month orders cella- end of pacity
tions month
(No. 1
and
No. 2
brick)

Thousands of brick, No. 1 quality

" " 1

4,455 s 3, 435

937 14, 458
606 14, 529
853 14, 637

6

862
787

12, 187
10, 890

31, 495 6 27, 123 7 78, 929 6 24, 699 6 2, 207 ? 86, 763
24, 620 20, 957 99, 588 21, 485
957 71, 115
27, 793 21, 279 116, 391 22, 616 1, 258 63, 627
22, 593 21, 866 99, 594 22, 886
842 63, 807

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

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

14,008
10, 750
10, 856
13, 249

8,911
6,948
5,663
6,594

23, 311
22, 709
13, 520
19, 275

968
1,341
605
890

10, 843
10, 961
11, 100
11, 147

21, 103
26, 342
27, 611
30, 481

22, 645
30, 312
37, 443
34, 803

123, 808
115, 971
101, 243
92, 479

30, 296
35, 451
41, 761
34, 266

302
3,396
392
1,261

71, 430
75, 283
78, 947
77, 149

49
63
71
78

1.65
1.65
1.65
1.65

8,378
7,528
5,595
6,797

3,736
4,224
3,231
3,518

15, 222
21, 948
29, 768
26, 298

668
1,090
1,128
951

11, 309
11, 607
10,478
10, 047

25, 385
23, 224
18, 516
13, 815

31, 330
26, 852
20, 711
10, 681

82, 220
70, 857
63, 207
65,800

24, 663
20, 712
12, 874
10, 003

128
255
2,999
109

70, 350
62, 474
51, 606
50, 701

66
61
53
36

1.64
1.60
1.60
1.60

1.63
1.55
1.55
1.55

4,236
4,391
9,300
15, 482

2, 656
2,336
5,135
10, 264

8, 115
5,385
10, 119
6,170

508
491
435
265

9,839
9,599
9,632
9,821

11, 665
12, 902
23, 132
22, 973

7,142
5,501
7,787
13, 864

64, 893
71, 640.
84, 316
91, 670

11, 964
4,639
15, 063
20, 095

188
55
985
327

55, 869
55, 982
57, 550
67, 823

20
22
40
65

1.60
1.60

1.55
1.55

14, 234
16, 075

8,235
8,424

9,101

414

10, 000

23, 667

20, 628

81, 606

27, 9C3

145

61, 385

77

680
70
74
58

September
October
November
DftCfiTnbfir
1 Data on Portland cement, representing 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. 28), p. 54.
2 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 suet to the Bureau of Public Roads, whether paid for or not. Monthly data from 1922 appeared in the July, 1926, issue (No. 59),
p. 24.
< Compiled from reports of the Paving Brick Manufacturers1 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.
« Of the numercial 1919 monthly average, 3,221,000 yards was actually reported. The remainder is the prorated portion of a total of 3,338,30$ yards for the last year of
pavement less than 6 niches thick not allocated by class of pavement. This has been prorated to roads on the basis of the roads' share of allocated contracts.
e Nine months' average April to December, inclusive.
7 Ten months' average, March to December, inclusive.




73

Table 51.—WOOD DISTILLATION
ACETATE OF LIME

mo. av__
mo. av._
mo. av_ _
mo. av
mo. av._
mo. av__
mo. av__

1,942
1,520

12, 421

4,885
10, 445

13,700
10, 815
12, 628

13,090

Stocks,
crude
plants,
end of
month

Dolls.
per
cwt.

Thousands of pounds
1920
1921
1922
1923
1924
1925
1926

Production

$2.78

Stocks, refineries,
end of m 011 thi
United
States

Canada

5,391

5,217
5,171
4,017

50,690
58, 422
55, 753
58, 846

724, 092
713, 516
624, 958
601, 141

4,819
4,819
4,819
4,819

3,712

42, 218
35, 310

.68
.69
.68
.68

56, 760
39, 625
63, 343
34, 321

.68
.68
.68
.68

71, 130
62, 880
68, 848
71, 057

636, 379
633, 006
677, 725
685, 430

4,747
4,747
4,747
4,827

3,828

39, 342
17, 853
28, 447
9,881

.58
.58
.58
.58

68, 935
63, 040
66, 023
65, 811

695,460

4,332
4,332

4,098
4,098
3,966

.58
.58
.58
.58

65, 485
66, 338

33, 186
15, 300

15, 320
19, 558
10, 643
73, 092

77, 101

620, 944
603, 632
575, 977
723, 511

70,254
39, 270
62, 139
26, 794

.58
.58
.57
.55

77, 239
71, 568
78, 264
79, 751

.55
.55
.56
.70

72, 867
62, 575

.76
.74
.75
.81

65, 807
73, 895
73, 701

473, 964

70,653

.83
.83
.83
.83

80,233
68,972

2,462
1,367
3,512
980

3.00
3.00
3.00
3.00

469, 432
548, 819
568, 134
560, 501

1, 683, 785
1, 577, 431
1, 391, 037
1, 321, 279

10, 248
10, 126

1,995
999
1,098
1,639

3.00
3.00
3.00
3.00

653, 118
625, 086
672, 441
678, 302

, 418, 051
, 452, 934
, 797, 930

,767,380

1, 785, 550

65, 643

1,815
1,498

2.88
2.75
2.75
2.75

664, 566
595, 995
635, 110
612, 564

, 800, 072
, 786, 929
, 930, 288
, 725, 049

1, 869, 327
1, 461, 989
1, 543, 375
1, 465, 549

58,648

589, 555
626, 493
688, 662
732, 899

1, 608, 108
1, 424, 230
1, 349, 229
1, 301, 246

1, 362, 188
1, 064, 365
856, 751
792, 357

58, 589
34, 343
105, 860
100, 585
53, 386
34, 015
34, 047

$2.56

19, 747

2, 749, 407
8, 494, 877
2, 117, 172
1, 613, 454 « 1, 356, 717 Ml, 085
924, 502
476, 614
27, 795

22, 986
19, 974
16, 119
16, 956

10, 436
10, 821

1935
January
February
March
April

13, 081
11, 907
12, 827
13, 033

11,416
9,443

21, 233
23, 072
25, 149
28, 823

May __ __ _
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
22, 988

September. __
October
November. _.
December

12, 117
12, 588
13, 324
14, 369

13, 707

20, 882
18, 979
19, 406 •
15, 711

1,340
426
4,571

2,970

2.75
2.75
3.00
3.13

1926
January
February
March
April .

14, 425
12, 905
14, 314
14, 226

11, 903

19, 261
21, 715
25, 991
28, 523

1,286
615
2,251
503

3.25
3.25
3.25
3.25

752, 292
683, 707
738, 958
764, 670

1, 400, 994
1, 176, 337
1, 280, 625
1, 474, 624

656, 565
685, 995
750, 480
850, 999

40, 096
29, 478
33, 089
22, 451

May
June
July...
August

13, 482
11, 241
10, 964
12, 180

28, 518
26, 093
22, 373
19, 951

1,893

553, 050
589, 828

1, 414, 577
1, 165, 016
888, 923

2,902

3.25
3.25
3.25
3.25

671, 674

12, 499
14, 741
14, 524

876, 428
600, 780
279, 202
351, 409

23, 827
20, 664
33, 827
33, 651

September. _.
October
November
December

11, 770

11, 285
16, 013
15, 510
14, 187

23, 241
17, 746
16, 328
16, 421

1,392
1,125
1,797
675

3.25
3.25
3.38
3.50

610, 393
712, 309
720, 798
733, 678

486, 199
442, 998

164, 363

38, 779

463,049
278, 219

144, 136
207, 682

31, 853
30, 293
18, 947
15, 369

14, 181
12, 667
14, 223
13, 139

10, 067
10, 184
14, 002

19, 910
22, 422
22, 620
22, 207

1,630
500
1,579
974

3.50
3.50
3.50
3.50

805, 473

341, 444
613, 939
645, 852
819, 216

15, 913
19, 657
22, 574
12, 949

11, 012
16, 226

726, 694
666, 738

397, 999
340, 847
387, 684
325, 888

12, 552
12, 178

11, 972
14, 229

23, 068

1,582
562

3.50
3.50

638- 376
621, 625

345, 366
359, 816

896, 334
967, 073

33, 078
39, 025

1927
January
February
March
April
May

June..
July
August

_ _

14,002
14,100
13, 468

12, 926
17, 711

11, 339
10, 525

9,954
13,658

13,560

20,980

2,235
1,909

564,596

680,583

622,456

Cords
4,083
626
4,585 2,771.

11, 067
12, 733
12, 292
10, 313

14,048

Report- Shuting down

5,629
5,448

2,300

1,231

Total

829, 227
826, 847
942, 884
794, 744
742, 167
646, 454
502, 585

652, 021
324, 504
567, 409
716, 144
579, 286
647, 899
674, 663

35, 836
14, 266
24, 980
22, 701
22, 180

2,457

Stocks,
end of
mo.

DAILY CAPACITY

78, 580
34, 177
64, 286
80, 787
62, 048
68, 303
71, 097

1.87
2.26
3.84
3.27
2.90
3.28

1924
September
October
November
December

8,474
9,940

Carbonized

Dolls,
per
gal.

Gallons

13, 683
13, 424
10, 120
12, 686
13, 012

1,829
1,926
1,837
1,549

Exports 2

Wholesale
prices

Ship- Stocks Exments end of ports 2
mo.

Production

Wholesale
prices

YEAR AND
MONTH

WOOD

METHANOL (CRUDE)

50,901

151,326

55, 475
42, 944

42,077
19, 889

36,606

16,001
37, 811
19, 317

43,350
24,977
29,869
8,704

20,584
41,254
22,863
2,201

.80
1.64
1.06
.76
.61
.64

.83
.66

5,339
4,687
4,389
3,706

3,958
3,616

3,700
3,616
3,616

3,810
4,016

4,098

1,890
1,183
681
758
486

926
709
581
275

339
363
381
591

3,916

849
985
933
917

4,162
4,164
4,140
4,140

3,916
3,918
3,918
3,918

965
1,091
841
841

534, 311
524, 411
519, 662
503, 013

3,930
3,870
3,870
3,726

3,828
3,768
3,768
3,624

621
561
349
349

508, 408
485, 515
502, 255
500, 675

3,738
3,698
3,698
3,602

3,636
3,596
3,596
3,500

349
559
642
580

491, 307

502,482

3,577
3,577
3,577
3,607

3,475
3,475
3,523
3,607

537
391
409
479

492, 811
453, 040
462, 620
504, 575

3,553
3,555
3,526
3,535

3,553
3,555
3,526
3,535

155
155
295
319

64,309

531, 192

70, 032

561,688

3,535
3,535

3,535
3,535

487
706

72,988

60,837
66,007

75, 755
69, 895

675, 707
584, 782
644, 882

485,022

4,164
4,162

September. _.
October
November ._
December
1
Except for prices and exports, data are compiled by the U. 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. Stocks, at crude plants prior to December, 1926, probably include some stocks owned by them but held at
refineries, but thereafter only stocks actually at crude plants are reported under that heading. 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, and data from 1924 on in the April, 1927,
issue (No. 68), p. 26. 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
4 Wholesale prices representing monthly averages from U. S. Department of Labor, Bureau of Labor Statistics.
Nine months' average, April to December, inclusive.




Table 52.—REFINED METHANOL, ETHYL ALCOHOL, EXPLOSIVES, AND DYES
ETHYL ALCOHOL 2

REFINED METHANOL 1
Production

Stocks, end of
month

Shipments

YEAE AND MONTH

United
States

Canada

United
States

Canada

United
States

Canada

Gallons
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly

Production

Withdrawn
for
denaturization

Warehouse
stocks,
end of
month

Production

Thousands of gallons
5 6, 581
5 6, 573
5 6, 758
5 15, 232
s 17, 632
5 12, 532
5 8, 180

average
average _
average
average
average _
average
average

1,431
1,484
2,118
7,044
7, 814
7,554
5,033

DYES AND
DYESTUFFS*

EXPLOSIVES 3

Exports
ShipNew Stocks,
end of
ments orders month Vege- Coal
table tar
Thousands of pounds

6 3, 014
6 2, 495
6 2, 500
6 2, 602
6 3, 657
e 14, 719
6 6, 403

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average _
s 556, 322 8 24, 202 * 678, 528 8 47, 019
1925 monthly average
616, 893 24, 327 569, 982 59, 683
1926 monthly average

79,485
6,119
8, 137
11, 234
12, 201
16, 190
16, 221

7 4, 398 ? 4, 466
7,040
3,864
5,074
6,876
9,527
4,754
10, 965
3,980
14, 801
6,463
7,962
14, 995

30, 756
36, 762
33, 740
34, 057
36, 351

31, 080
36,542
34, 340
34, 241
36,361

28, 926
35, 174
32, 726
32, 737
34, 757

16, 316
18, 758
17, 067
17, 346
16, 674

437
354
264
310
216

696
1,494
1,310
2,150
2,151

1935
September
October
November
December

555, 696
722, 237
702, 240
650, 422

21, 185
11, 500
39, 200
45, 555

645, 338
592, 015
569, 224
629, 632

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

35,844
33, 049
31, 638
31, 765

35, 454
33, 414
33, 127
30, 214

33, 020
32, 954
31, 181
27,817

17, 335
16, 309
14, 958
16, 649

236
334
306
248

2,512
1,718
1,840
3,005

1936
January
February
March
April _

642, 397
532,309
607, 586
577, 885

31,545
38, 070
29, 140
26, 995

717, 817
727, 244
655, 382
723,426

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
7,682
8,804

29, 788
33, 886
36, 238
34, 588

30,075
32, 370
•36,469
34, 180

29,717
29,335
34, 266
33, 527

16,447
16, 777
17, 349
17, 671

215
126
228
165

1,552
1,611
2,925
1,666

May
June
July _ .
August

523, 766
698, 919
737, 704
608, 346

27, 460
12, 670
None.
None.

685, 000
645, 123
709, 639
516, 943

81, 259
76, 108
58, 465
42, 994

13,468
17, 391
17, 225
16, 977

12, 563
18,847
14, 267
14, 390

8,327
5,734
7,335
8,914

34, 355
37, 492
34, 663
38, 023

35, 378
37, 875
34, 973
37, 174

33, 506
35, 568
34,909
37, 021

16,809
16, 458
16, 070
16, 894

135
269
217
558

2,326
1,661
2,743
2,449

700, 211
618, 284
623, 544
531, 764

26, 700
29, 200
37,500
32, 645

463, 488
379,710
331, 256
284, 754

44, 303
40, 631
43,964
49, 492

527, 716

34, 141

20, 776
20, 530
17,640
15, 622

17, 338
18, 809
18, 696
18, 108

10, 863
11, 436
9,913
6,868

40, 741
40, 670
39, 628
36, 143

41, 098
40, 951
41, 475
34, 317

38, 348
39, 311
37, 913
33, 159

16, 488
16,854
15, 126
17, 145

136
162
209
177

1,883
2,220
2,672
2,104

480, 448
305, 479
569, 059
420, 761

35,290
37, 070
39, 925
39, 910

436, 656
426, 736
597, 379
606, 975

58, 596
64, 719
67, 938
73, 706

374, 530
337, 428
411, 114
416, 996

26,037
30, 516
36, 109
35, 340

13,235
10, 324
11,491
12, 674

8,907
9,152
12, 224
11, 618

3,563
9,842
8,313
8,459

33, 846
35, 383
32,190
31, 962

33, 726
33, 578
31, 890
33, 132

33, 616
31, 102
31, 517
31,415

17, 303
19, 145
19, 518
18,043

227
253
388
300

1,865
2,951
3,595
1,227

426, 304
416, 042

10, 550

554, 313
521, 609

73, 726
53,350

469, 513
477, 811

20,432
10, 485

13, 052

11,584

9,335

34, 168

35, 355

33, 961

16,784

451
363

1,928
968

_ __

_.

September
October
November
December.
1937
January
February
March
April
May
June
July
August

-

September _
October
November
December. __ _
* Compiled from individual reports 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.
Compiled by the U. S. Department of Commerce, Bureau of Mines, from reports from 24 companies. Data comprise black powder, permlssibles, 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 manufacture 4 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.
8
Fiscal year beginning July 1 of year indicated.
6
Stocks on June 30 of year indicated.
7
Eight months' average, May to December, inclusive.
8
Nine months' average, April to December, inclusive.




75

Table 53.—NAVAL STORES
GUM TURPENTINE

YEAR AND
MONTH

STEAM DISTILLED NAVAL STORES 1

GUM ROSIN

Stocks, end of mouth
Stocks, end of month
Net
Net
WholeWhole- receipts
receipts
sale
sale
(Sports)
At
2
price 4
At
price 4 (3 ports) 3 ports 2 5 ports 3
2
2
3 ports 5 ports 3 stills 3
()
()
stills s
Dolls,
per gal.

Barrels

Dolls,
per bbl.

Barrels

Wood rosin

Wood
turpentine

Stocks
at
plan ts

Pro- Stocks
ducat
tion plants

Bbls. of 500 Ibs.

Bbls. of 50 gals.

Production

Pine oil
Production

Stocks
at
plants

Gallons

59, 721
71, 562
96, 818
122, 792
55, 481

$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
233, 926

$4 82
4.02
3.77
5 80
6.39
10.56
15.16

21, 131
22, 110
21, 765
26, 515
26, 067
24, 319
25, 279

27, 764
47, 707
26, 762
28, 610
38, 567
40, 731
44, 827

57, 237 s 20, 527
48, 573
11, 730
50, 831
8,940

1.74
.68
1.15
1.17
.91
1.01
.93

69, 912
65, 939
83, 439
97, 575
92, 295
90, 195
91, 426

157, 943
316, 585
308, 498
266, 932
250, 478 s 303, 908 5 212, 410
192, 908 226, 367 104, 733
145, 074
164, 721 68, 548

15 29
5.79
5.77
6.01
6.17
10.94
12.41

23, 865
27, 213

35, 449
20, 938

4,883
5,219

8,144
3,156

161, 550
195, 166

654, 069
407, 587

1935
May
June
July
August

34, 379
42, 146
42, 704
36, 945

26, 761
35, 402
44, 957
58, 437

40, 828
39, 517
51, 793
68, 173

8,486
13, 196
11, 936
10, 635

1.06
.99
.97
1.01

106, 424
126, 622
134, 609
122, 022

161, 970
210, 059
211,452
202, 247

271, 770
238, 467
238, 522
225, 690

83, 466
98, 246
105, 709
115,376

8.91
8.91
9.98
10.89

25, 895
25, 202
25, 101
24, 305

42, 017
45, 707
45, 387
40, 676

4,853
4,898
5,008
5,004

8,400
9,454
8,354
7,118

164, 351
153, 356
156, 017
170, 458

664, 355
661, 410
693, 845
708, 813

September
October
November....
December

34, 013
26, 367
18, 001
20, 114

48, 149
48, 404
45, 046
51, 247

54, 636
58, 749
57, 650
62, 041

15, 992
14, 637
21, 765
12, 969

1.12
1.13
1.12
1.02

115, 023
100, 264
77, 491
92, 070

181, 940
181, 613
196, 939
220, 479

197, 015
202, 425
221, 273
248, 667

119, 679
112, 915
121, 659
117, 769

14.19
15.88
15.94
14.07

23, 249
24, 446
23, 959
24, 095

27, 039
16, 306
15, 269
15, 319

4, 355
4,498
4,787
5,240

4,454
3,118
3,506
5,113

180, 372
174, 890
165, 347
142, 107

697, 988
713, 673
719, 726
724, 292

1936
January
February
March
April____

6,512
4,681
3,499
11, 291

44, 907
37, 647
26, 866
24, 619

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

20, 470
18, 945
24, 145
22, 920

16, 431
17, 630
21, C99
27, 963

4,362
3,930
4,934
4,595

3,468
2,670
2,706
2,785

135, 135
125, 247
173, 465
158, 149

674, 097
645, 441
598, 459
565, 416

28, 945
42, 503
43, 122
40, 632

26, 719
36, 532
44, 762
58, 929

35, 709
40, 751
49, 798
64, 171

5,984
6,546
9,126
11, 471

.86
. .87
.88
.95

85, 965
137, 584
143, 415
138, 124

85, 026
112, 514
132, 649
131, 636

146, 930
124, 114
144, 325
143, 500

48, 570
51, 585
61, 997
61, 892

8.43
11.19
13.35
14.61

21,912

_ _
_.

23, 495
29, 710
32, 800

24, 824
19, 079
24, 382
17, 424

4,570
4,663
5,356
5,483

2,310
2,218
2,998
2,765

148, 592
212, 021
215, 706
222, 002

503, 780
302, 853
319, 588
278, 487

September- __
October
November--December

34, 918
32, 216
25, 885
29, 143

57, 601
57, 370
63, 650
58, 321

62, 281
63, 736
70, 788
63, 835

12, 180
13, 069
12, 685
13, 228

.92
.90
.89
.86

118, 868
114, 120
107, 801
122, 847

148, 177
158, 210
184, 405
208, 789

158, 039
166, 703
203, 744
229, 189

69, 387
74, 445
90, 163
92, 860

14.43
13.86
13.08
12.24

31, 766
34, 161
33, 373
32, 864

13, 555
17, 702
22, 831
27, 736

5,604
6,046
6,612
6,499

3,837
3,426
3,773
4,911

228, 833
263, 696
238, 322
220, 827

249, 974
259, 670
239, 017
254, 259

1937
January
February
March
April
.._-

7,386
5,138
10, 132
30, 989

48, 993
40, 047
24, 668
31, 802

53, 098
42, 806
21, 871
33, 241

8,794
5,035
3,188
7,432

.83
.75
.74
.67

39, 136
27, 214
36, 322
97, 028

160, 120
147, 635
81, 013
107, 562

179, 943
166, 323
77, 848
123, 412

84, 261
74, 774
58, 431
58, 910

12.38
11.71
11.23
9.70

35, 168
32, 043
35, 313
34, 598

33, 513
45, 124
53, 866
58, 652

7,053
6,587
7,253
7,035

5,531
7,314
6,953
7,473

241, 563
207, 197
245, 232
239, 027

305, 151
313, 457
345, 842
355, 790

48, 025
57, 730

47, 264
52, 340

.63
'.57

150, 397
184, 971

153, 445
165, 991

9.67
. 9.93

36, 508
35, 197

64,763

6, 974
6,541

8,746
9,896

243, 880
222, 151

392, 864 ,
428, 796

1913 mo av
1914 mo. av__
1915 mo. av__
1916 mo av
1917 mo. av-_
1918 mo. av__
1919 mo. av..

26, 494
22, 807
25, 819
23, 006
13, 349
15, 481

1920 mo
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.

May
June. _
July
August

av
av
av_ _
av__
av_ _
av__
av_ _

May-.
June
July
August

8

!

72, 454

September^
October
November
December
1 Compiled by the Hercules Powder Company from reports of 8 firms representing almost the entire output of steam naval stores from distillation with steam from the
oleoresin within or extracted from the wood, generally softwoods.
2
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. 1 of
the year indicated and thereafter on the calendar year. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 40.
3 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,4 Jacksonville, Pensacola, New Orleans, and Mobile.
Data from the V. 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.
fi Average
 of 4 months, July, September, November, and December.



76

Table 54.—CHEMICAL PRICES AND ROOFING
[Base year in bold-faced type]
WHOLESALE PRICE INDEXES
Drugs
and
Pharmaceuticals i

YEAB AND MONTH

Essential
oils*

Crude
drugs 1

Index numbers relative to
August, 1914
1919-13 monthly average
1913 monthly average _
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average

Chemicals 2

All
Drugs
chemiand Fertilizer Chemimatecals
Pharcals 3
maceu- rials 3
and
drugs s ticals 3

Relative to 1913-14 e

Shipments
Thousands
of squares7

Relative to 1913

100
101
134
181
202
215

100
112
194
185
208
242

100
91
104
137
176
213

142
139
155
150

169
200
136
124
131
130
134
131

179
193
165
167
183
180
180
183

183
215
126
112
111
98
107
109

161
197
128
112
118
123
127
118

2,079
2,360
2,182
2,541
2,542
2,714
2,731
2,670

113
112
111
112

153
154
153
158

133
133
133
135

180
180
179
180

105
104
105
106

125
125
125
127

196
195
191
192

113
113
113
113

156
158
156
156

136
135
135
135

179
179
182
182

108
110
110
110

218
202
192
179

193
200
205
204

114
112
112
113

155
149
152
149

133
132
132
130

183
183
182
182

156
155
155
155

175
168
167
163

203
206
206
206

112
114
114
113

154
170
165
157

131
131
131
131

155
156
156
156

155
148
143
135

209
215
211
203

114
114
114
114

154
136
134
129

155
155
155
156

126
125
126
123

203
204
206
207

114
113
113
113

156

121

205

113
113

100

100

201
196
129
120
142
155
157
156

213
265
158
131
135
140
174
170

185
202
134
174
220
208
198
205

125
114
113
113

May
June
July .
August

155
156
158
158

151
161
175
171

192
191
187
190

September
October
November
December

158
158
157
157

179
191
215
225

156
156
156
156

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

100

100

_

__ _

DRY ROOFING
FELT 5

Production

Stocks,
end of
month

Net tons

100
100
121
195
209
206

100

1919
1920
1921
1922
1923
1924
1925
1926

Oils
and
fats 2

PREPARED
ROOFING 4

8
9, 016
8 12, 055
16, 078
17,406
20,297
23, 030

2,427
2,296
3,588
4,043

2,452
2,962
3,021 ,
3,003 '

20, 656
20,946
22, 360
22,794

3,378
3,075
3,751
3,951

129
127
127
125

3,176
3,473
2,607
2,386

23, 272
23,946
19,043
16, 373

3,231
2,556
3,488
4,234

112
113
115
113

122
120
118
117

1,699
2,053
2,752
2, 700

18, 195
17,829
25,061
21, 545

4,641
4,279
5,943
5,186

182
184
184
183

112
108
108
109

118
119
118
119

2,958
3,012
2,597
2,768

24,520
26, 218
25,003
23, 547

4,269
3,054
4,051
3,636

131
129
129
128

183
183
182
182

108
104
104
105

119
118
116
115

3,450
3,495
2,441
2,115

26,938
27,636
22, 013
17,857

3,236
3,426
3,246
3,545

128
137
134
132

122
122
121
122

154
153
152
151

105
106
106
106

116
116
114
116

1,405
1,691
2,891
3,183

19, 266
19,669
25, 209
27, 638

3,628
4,045
3,417
3,089

130
130

122
122

150
150

104
104

117
117

3,020

27, 019
26, 517

2,806
3,181

1935

1926

January
February
March. .
April
May
June
July.
August

September
October
November
December

._

_

_

1937
January
February _ .
March
April

.

May
June
July
August

September
October
November
December

.....

_

f 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.
3
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.
3
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics.
4
Compiled by the Prepared Roofing Manufacturers' Association until 1926 and 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, and
data are prorated to 100 per cent of the industry.
5 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 the November, 1924, issue (No. 39),
p. 104. Average prices are also included in the reports of the association.

« Relative to twelve months' average, July, 1913, to June, 1914.
7
http://fraser.stlouisfed.org/ A roof .square is equivalent to 100 square feet of covering as measured on the roof.
8St. Louis average, July to December, inclusive.
Federal Reserve Bank of Six months'

77

Table 55.—CHEMICALS
SULPHUR

YEAR AND MONTH

Production 3
(quarterly)

SULPHURIC
ACID

Exports i

Wholesale
price 4

NITRATE OF SODA 1

POTASH i

ACID PHOSPHATE 2

Production in
Chile
Units

Imports

Imports

Production

Quantity report-

Stocks,
end of
month

FERTILIZER

Exports 1

Consumption in
Southern
States *

Long
tons

Shipments

Short
tons

ing

Long tons

Pounds

Dollars
per 100
pounds

Metric
tons

1919-13 monthly av
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av

614, 940
807, 417
1, 098, 015
6, 486, 619
5, 538, 625
5, 293, 578
6, 691, 220

1.00
1.00
1.30
2.00
1.70
1.60

238, 712

1919
1920
1921
1922
1923
1924
1925
1926

1, 774, 625
2, 415, 612
1, 067, 862
1, 039, 199
686, 981
939, 306
628,067
768, 701

1.00
1.12
.91
.76
.73
.71
.70
.73

139, 921
210, 386
109, 629
89, 317
158, 809
200, 266
209, 982
167, 842

669, 293
660, 490
354, 548
440, 954

.70
.70
.70
.70

478, 168
382, 780
408, 050
581, 442

monthly
monthly
monthly
monthly
monthly
monthly
monthly
monthly

av
av
av
av
av.
av
av
av

251, 939
221, 294
351, 330
472, 851

No. of
plants

Long tons

Short tons

116

43, 177
52, 155
45, 143
64, 349
101, 535
128, 601
153, 766

21, 124
22, 291
17, 611
6,305
978
802
1,564

103, 391
119, 938
85, 639
30, 647
32, 747
28, 733
18, 713

67
99
54
38
69
89
90
58

33, 955
110, 160
30, 767
45, 039
74,084
82, 053
92, 901
75, 416

5,230
14, 880
8,739
20, 103
19, 205
19, 088
21,751
25, 304

275, 722
278, 165

1, 177, 544
1, 489, 854

54,509
117, 994
74, 620
77, 912
91, 641
89, 216
95, 532
91, 342

411, 678
232, 193
292, 224
360, 412
390, 477
423, 022
428, 682

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
247, 092
212, 687

527, 259
716, 709
937, 662
881, 339

123, 813
94,805
120, 171
94,089

120, 942
37,231
13, 973
60,272

.70
.70
.70
.70

206, 745
227, 240
234, 319
240, 000

92
88
91
91

56,764
48, 587
73, 892
43, 018

29, 451
17, 455
19, 646
26, 894

241, 390
271, 486
257, 956
344, 591

1, 070, 406
1, 147, 900
1, 317, 618
1, 609, 639

110, 558
87, 568
65, 260
125, 423

133, 247
117, 572
56, 248
110, 640

996, 662
667, 579
1, 324, 657
1, 029, 287

.70
.70
.70
.70

235, XXX)
220,000
228, 000
216, 362

89
88
79
75

103, 627
. 156, 354
171, 929
124, 370

28,365
25, 632
38, 856
24, 827

354, 405
319, 513
326, 344
291, 930

2, 236, 010
2, 073, 322
1, 545, 530
1, 153, 520

16, 957
85, 423
211, 082
201, 355

60, 121
93, 365
106, 850
110, 588

651, 169
1, 342, 696
1, 740, 493
673, 483

1, 126, 993
453, 315
1, 154, 118
598, 156

.73
.75
.75
.75

196, 700
170, 000
159, 466
142, 589

65
60
49
47

58, 082
12, 225
23, 367
55, 325

11,696
6,013
25, 287
27, 522

239, 890
257, 131
232, 394
• 240,185

1, 010, 036
1,018,246
1, 147, 998
1, 280, 187

61, 202

116, 228
90, 998
88,622
113, 785

154, 486
55, 572
22, 978
45, 479

384, 061
260, 291
590, 680
638, 607

.74
.75
.75
.75

120, 890
127, 082
111, 283
86, 731

43
40
36
30

37, 096
47, 503
51, 448
63, 660

23, 355
28, 341
34, 411
29, 347

227, 112
267, 475
272, 571
309, 033

1, 233, 428
1, 352, 440
1, 635, 805
2, 191, 725

97, 701
73, 384
73, 993
70, 466

155, 921
119, 165
79, 693
103, 048

519, 270
866, 882
420, 361
1, 024, 337

.75
.75
.75
.75

79, 151
74, 253
90, 479
99, 050

25
28
28
30

47, 240
33, 578
94, 151
97, 480

30, 189
18, 394
19, 308
15, 911

289, 095
276, 221
230, 937
213, 714

2, 302, 048
2, 179, 513
1, 635, 775
1, 012, 805

9,181
53,924
194, 884
225, 637

67, 678
111, 190
109, 580
128, 689

526, 471
836, 910
1, 498, 707
870, 224

729, 771
746, 096

.75
.75

105, 900

32

43, 578
39, 683

8,292
6,821

238, 444

1, 160, 100

74, 251

119, 927
111, 512

146, 454
52, 241

1925
May
June
July
August

386, 063

September
October
November

367, 619

Denp/mbp.r

408, 178

1926
January
February __
March..
April
May
June
July
August

386, 839

_ .

September
October
November
December.

507,042

486, 237

511, 287

1927
January
February
March
April

May. ...
June
July
August

565, 760

September
October
November..
December
1 Data compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Potash includes potash imported as chemicals and also the muriate
and 2sulphate used in fertilizers. " Total fertilizer" exports are made up largely of phosphate rock.
Data compiled by the National Fertilizer Association from reports of acidulators representing about 80 per cent of the industry; figures in greater detail divided into
northern and southern sections are obtainable from the association's reports. Details by sections for 1925 appeared in the January, 1926, issue (No. 53), p. 16. Tons are of
16 per cent available phosphoric acid, which is equivalent to 320 pounds per ton.
3 Compiled from reports to the Texas State Comptroller from three companies, representing practically the entire industry. Figures given are for quarters ended in
month indicated. Similar figures for quarters since June 30, 1923, were given in the April, 1927, issue (No. 68), p. 23.
4
Wholesale average monthly price of 66° sulphuric acid at New York from U. S. Department of Labor, Bureau of Labor Statistics.
« 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, 1926, issue (No.
57), p. 17.




78

Table 56.—COTTONSEED PRODUCTS
COTTONSEED OIL

COTTONSEED 1

COTTONSEED CAKE
AND MEAL

Crude *

(crush)

Stocks
at mills,
end of
month

Factory

Production

Production i

Stocks,

end of
month

consumption

Total

(Qtrly) 5

av
av
av
av
av
av
av

1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.

av
av
av
av
av
av
av

« 768, 756 8 463, 114
320, 871 357, 084
354, 433
358, 344
351, 443 392, 739

304, 727
359, 686
268, 135
262, 946
363, 132
439, 520
483, 737

8

8

8

457, 924

98, 545

104, 564
93, 805
48, 503
61, 544
72, 957
72, 816
75, 744

81, 645
99, 659
68, 933
75, 878
88, 056
112, 122
123, 048

169, 226
223, 758
183, 517
168, 811
194, 965
290, 279
280, 618

1, 079, 416
1, 303, 412
910, 581
849, 396

488, 578
779, 430
809, 861 1, 272, 981
815, 838 1, 367, 395
798, 408 1, 416, 473

141, 974
234, 556
235, 252
224, 980

53, 814
92, 315
111,965
118, 719

94, 709
176, 319
185, 450
183, 768

292, 223

1936
January _ _
February
March
April
______

472, 760
308, 026
183, 225
63, 319

790, 679 1, 098, 364
662, 141
744, 246
516, 596
410, 875
314, 967
152, 525

226, 231
191, 818
152, 475
97, 313

129, 743
121, 579
88, 272
57,000

180, 038
160, 652
156, 463
92, 415

May
June
July
August

45, 294
51, 157
22, 512
117, 748

141, 169
67, 450
39, 620
70, 657

56, 650
40, 357
23, 249
70, 667

45, 562
20, 973
12, 099
19, 641

29, 437
15, 142
8,281
10, 045

62, 584
34, 460 '
16, 780
17, 748

1925
September
October
November..
December

_.

-

September
October
November
December

975, 028
1, 508, 357
1, 222, 493
834, 925

467, 708
577, 981
938, 476 1, 146, 792
980, 321 1, 387, 387
932, 726 1, 291, 912

136, 470
284, 229
296, 197
275, 127

58, 158
104, 778
131, 035
155, 455

75, 440
213, 255237, 599
229, 142

1937
January
February
March
April

608, 190
486, 190
356, 927
94, 597

870, 456 1, 029, 646
691, 327
818, 528
611, 627
562, 882
346, 902
310, 577

256, 030
204, 058
186, 354
105, 148

172, 358
155, 680
140, 309
122, 279

205, 749
201, 767
170, 684
111,115

63, 655
37, 864

73, 031
32, 014

90, 949
71, 241

May
June
JulyAugust _ _ _ _ . _ _
September
October
November _
December

61, 392
55, 502

198, 354
127, 516

173, 435
101, 391

370, 125

318, 670

248, 364

208, 933

346, 506

342, 229

Stocks
Exat mills,
end of ports 3
month 1

Production

Consumption

Thous. of Ibs.

Short tons

148, 815
180, 400
86,007
109, 522

41, 878
42, 062
60, 786
51, 330
16, 890
486
26, 172

137, 015
149, 183
114, 794
122, 901
147, 394
197, 303
225, 808

198, 187
143, 476
133, 357
127, 702
122, 743
139, 910
226, 406

14, 168
24, 399
18, 707
14, 349
25, 907
33, 290
35, 157

29, 957
17, 840
15, 396
18, 965
19, 294
19, 488
20, 288

30, 014
17, 518
14, 969
18, 872
19, 156
19, 359
20, 226

.11
.10
.10
.11

229, 277
372, 104
380, 946
370, 758

89, 383
168, 101
222, 271
259, 061

15, 974
50, 547
53, 810
60, 548

19, 328
25, 947
24, 275
24, 217

20, 057
25, 612
24, 974
24, 553

204, 397
260, 452
301, 333
294, 544

.11
.11
.11
.12

366, 294
310, 119
247, 098
151, 709

317, 342
357, 495
344, 618
306, 754

68, 907
25, 047
16, 362
11, 415

22, 585
20, 721
22, 413
19, 793

21, 501
21, 481
21, 268
20, 445

1,700
1,581
1,373
1,405

259, 203
192, 004
145, 671
89, 412

.12
.15
.15
.13

68, 343
31, 587
16, 013
33, 266

285, 307
229, 855
142, 844
90,488

6,689
12, 382
17, 354
27, 124

17, 719
17, 922
16, 445
15, 635

16, 646
17, 901
15, 906
17, 294

1,775
2,091
2,158
2,008

64, 568
132, 578
232, 983
332, 344

.11
.09
.08
.08

210, 833
419, 784
438, 410
416, 246

127, 064
172, 566
176, 006
166, 535

21, 749
74, 114
47, 547
93, 198

20, 232
21, 766
23, 428
24, 798

20, 172
21, 766
23, 800
24, 530

2,013
2,006
2,487
2,173

397, 432
460, 722
502, 593
531, 394

.09
.09
.10
.09

386, 182
313, 524
273, 352
163, 768

147, 250
153, 639
179, 376
181, 938

81, C99
61, 775
23, 860
8,636

22, 748
22, 345
25, 484
23, 569

21, 859
20, 356
27, 234
23, 267

1,974
1,909

507, 644
461, 059

.09
.09

85, 072
60, 648

149, 467
102, 595

21, 527
36, 209

20, 917
20, 645

20, 799

116, 385
238, 965
231, 106
189, 530

$0 07
.07
07
.11
.15
.20
.24

9 1, 456
1,239
1, 705
1, 693
2,029
1,954

271, 659
253, 101
188, 105
156, 684
152, 824
225, 114
209, 124

.15
.08
.10
.11
.11
.11
.11

1,893
2,641
2,320
2,689

57, 309
78, 166
111, 654
168, 898

2,407
2,705
2,347
1,898

225, 152

95, 223
106, 442
77, 886
81, 146
96, 286
125, 987
146, 511

Production i

Dolls,
perlb.

8

170, 890
.99, 087
101, 457
97, 483

259, 179
364, 744
315, 672
327, 424
435, 341
592, 223
583, 417

308, 006
335, 846
253, 578
269,745
321, 649
423, 562
493, 543

end of
month i

Thousands of pounds

Short tons

1913 mo
1914 mo.
1915 mo
1916 mo.
1917 mo.
1918 mo.
1919 mo.

In
oleo.s

Stocks,

Price, summer yellow
prime 4

Con-

YEAR AND MONTH Receipts sumption
at mills

OLEOMARGARINE 2

Refined

8

93, 175
176, 746
175, 239
182, 653

8

7
7
7
7

12, 102
12, 002
12, 151
12, 709
23, 937
29, 217
30, 733

11, 861
11, 798
11, 787
12, 404
19, 044
26, 877
29, 081

_

1
Compiled by the U. S. Department of Commerce, Bureau of the Census, covering the entire industry. Receipts of cottonseed at mills include seed later destroyed at mills
but not seed reshipped. Stocks of crude oil include holdings of crude mills and of refiners and oil in transit to refiners and consumers, while stocks of refined oil include
holdings of refiners, brokers, agents, and warehousemen, and oil in transit to manufacturers of lard substitutes, oleomargarine, soap, etc. Yearly figures for all these items
are now based on the calendar year. Monthly data from 1920 on cottonseed stocks appeared in the August, 1922, issue (No. 12), p. 94, and on crude cottonseed-oil production
and 2stocks in the May, 1922, issue (No. 9), p. 87.
Compiled by the U. S. Treasury Department, Bureau of Internal Revenue. Production data represent total 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
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
4
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly quotations at New York. Monthly data from 1920 appeared
in the May, 1922, issue (No. 9), p. 91.
5
Compiled by the U. S. Department of Commerce, Bureau of the Census, representing practically complete consumption of refined cottonseed oil by factories in further
manufacture of such articles as lard substitutes, oleomargarine, soap, etc. Yearly figures are quarterly averages. Quarterly data for 1920 appeared in the August, 1923, issue
(No. 36), p. 119.
' Compiled by the 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), 7 p. 25.
Average for fiscal years beginning July 1 of year stated.
s Five months8 average, August to December, inclusive.
9
Six months8 average, July to December, inclusive.




79

Table 57.—FLAXSEED AND LINSEED PRODUCTS
FLAXSEED

Minneapolis and
Duluth 2
YEAR AND MONTH

Imports i

Oil miiis s
(quarterly)

Argentina

Re- Ship- Stocks, Con- Stocks, Exceipts ments end of sump- end of ports 6
tion
qtr.
mo.

Ship- Factory Stocks Whole- Shipconments
sale
Produc- ments
3
tion s
from Exports i
sump- at fac- price,
from
Stocks, (qtly.) Minne- tion s tories
New Minne(qtly.) York s apolis *
end of
apolis 4 (qtiy.)
mo.7

548
771
1,225
1,092
783
1,081
1,170

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

6,176

1920 monthly av.__
1921 monthly av__.
1922 monthly av__.
1923 monthly av._.
1924 monthly av.__
1925 monthly av._.
1926 monthly av__.

2,053
1,027
1,243
2,028
1,382
1,376
1,880

964
831
729
1,468
2,294
1,944
1,438

329
568
388
561
1,522
997
668

984
2,087
299
568
799
1, 365
1,715

1925
September
October
November
December

729
1,278
1,759
1,921

5,593 1,965
5,515 2,593
3,522 3,554
1,378 ' 781

2,453
3,302
2,488
2,391

1926
January
February
March ___
April

1,301
1,780
2,813
1,297

513
379
533
474

320
422
292
308

2,026
1,719
1,370
1,167

May
June
July
August

1,988
2,470
1,371
1,264

642
666
478
1,029

187
130
362
370

1,221
1,305
976
579

September
October
November
December

1,556
2,952
2,568
1,190

2,189
6,144
2,811
1,402

907
1,644
1,671
1, 405

846
3,102
3,569
2,694

1937
January
February
March
April

2,237
1,327
2,091
2,063

787
515
574
374

540
418
398
330

2,372
2,073
2,023
1,860

2,376
2,925

491
488

338
214

1,381
1,444

May
June
July
August

September
October
November
December

65, 425

30, 166
20, 684
17, 188
18, 706
18, 428
15, 998
18, 473

72, 478
42, 451
50, 532
55, 637
25, 992
7,163
29, 479

53, 551
59, 706
85, 754
95, 169
96, 127
102, 935
103, 737

78, 457
99, 611
100, 718
85, 549
81, 482
130, 026
150, 072

.194
.093
.113
.133
.131
.139
.112

12, OC9
15, 068
10, 790
17, 062
17, 370
24, 283
16, 741

19, 635
48, 856
36, 739
47, 058
54, 463
54, 224
49, 150

98, 448

86, 437

94, 122

155, 642

.137
.132
.128
.126

24, 916
33, 958
35, 190
32, 563

48, 024
40, 406
45, 673
60, 922

.117
.113
.107
.108

26, 581
20, 330
10, 464
8,902

71, 496
61, 571
46,749
49, 518

.108
.112
.119
.119

8,075
6,079
9,210
12, 632

31, 991
41, 907
55, 084
37, 477

.112
.108
.108
.107

21, 799
30, 436
23, 808
22, 581

48, 257
55, 950
40, 916
48, 868

.105
.104
.79
.106

20, 682
18, 488
12, 732
11, 178

61, 103
54,322
64, 866
64, 896

.115
.112

7,801

41, 402
51, 036

132, 897
120, 550
93, 863
113, 232

47, 286

1,457
2,867
1,768
2,168
3,433
3,517
4,667

121, 318
120, 703
114, 361
163, 391
176, 397
189, 962
180, 122

7,856
8,157
8,156
10, 763
10, 958
13, 537
11, 057

3,576
5,135
4,212
2,974

4,000
1,800
1,800
2,000

146, 306

13, 840
17, 769
14, 676
11, 848

6,214
6,887
7,404
6,636

4,000
4,600
5,200
6,000

7,267
7,179
3,781
4,279

5,200
4,600
4,000
3,600

3,574
3,820
2,960
3,235

5,200
4,600
4,600
4,400

7,147
7,513

5,200
6,800
7,000
8,000

126, 856

1,066

728
1,415
2,374 |
515
1,520
2,617

6,407
6,507
6,085
8, :,43
9 52"^
10, 263
9,757

2,668
2,050
1,501
2, 760
3,331
3,997
3,687

3,446
4,463
3,038
3,779
4, 830
3,430
5,269

7,822

2,834

11, 798

6,882

10, 651

3,472

7,783

2,611

9,507

2,511

11, 085

6,154

3,087

6,500
5,000

217, 992

194, 607

145, 329

174, 057

206, 496

202, 162

12, 401
10, 545
11, 141
11,061
10, 182
11, 870
10, 282
11, 904
14, 153
11, 669
8,725
8,756

9,660
8,301
10, 626
10, 826
10, 951

Thous. of Ibs.

$0. 062
.067
.077
.103
.151
.212
.236

15, 210
11, 868
9,862
10, 662
11, 158
9,271
10, 026

3, 336
2,761
3,219
2,099
464
1,284
2,087

11,037

Dolls,
per Ib.

Thousands of pounds

Thousands of bushels
1913 monthly av
1914 monthly av.__
1915 monthly av
1916 monthly av
1917 monthly av._.
1918 monthly av___
1919 monthly av___

LINSEED CAKE
AND MEAL

LINSEED OIL

98, 905

190, 421

107, 281

128, 557

106, 144

107, 213

102, 618

174, 098

109, 674

206, 319

.
j

1
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
2
Compiled by the Northwestern Miller. Receipts and shipments are totals of weekly figures, with first and last weeks of each month prorated, while stocks are taken
on the Saturday nearest the end of the month. Monthly data for 1920 appeared in the August, 1922, issue (No. 12), p. 94, the data for each city being given separately
through the February, 1925, issue (No. 42), p. 89.
3
Compiled by the U. S. Department of Commerce, Bureau of the Census, covering practically the entire production, factory stocks, and factory consumption, of fats and
oils and their*raw materials. Quarterly data from 1920 appeared in the August, 1923, issue (No. 30), pp. 115 and 119. Data on flaxseed have been reduced to bushels from
original data in tons. Annual figures are quarterly averages. Data prior to 1919 collected by the U. S. Food Administration, and published in detail in the supplement to
Bulletin 769 of the U. S. Department of Agriculture.
4
8 Compiled by the Minneapolis Chamber of Commerce.
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices at New York. Previous to October, 1925, prices were
quoted per gallon and have been reduced to pounds at 7H pounds to the gallon. Monthly data from 1909 appeared in the November, 1926, issue (No. 63), p. 26.
6
Compiled by the Argentine Ministry of Agriculture, and converted to bushels from original data in metric tons. Monthly data from 1920 appeared in October, 1923,
issue (No. 26), p. 50.
7 Compiled by the Oil, Paint, and Drug Reporter, representing stocks on the Saturday nearest to the end of the month.




80

Table 58.—TOTAL VEGETABLE OILS AND COPRA
COPRA

TOTAL VEGETABLE OILS

YEAR AND MONTH

Production i

Factory

Stocks, end of
quarter 1

conExIm
sunipports 2 ports a
tion,
Crude Refined
crude *

COCONUT OR COPRA OIL

Production * Factory consumption Stocks, end of
quarter 1
Fac- Stocks,
tory end of Im
Im
Refined
conports 3 sump- quar- ports 3
ReIn
Reter'
Crude fined Crude1
tion i
oleo- Crude fined
Total i margarine 4

Short tons

Thousands of pounds
29, 042 21, 387
17, 758 26,441
31,641 20, 636
16, 977 30,133
11,788 36,850
10, 437 65, 295
283, 591 17, 599 67, 495

1,265
2,503
4,512
6,615
15, 279
17, 944
10, 788 42, 153 22, 184

6,016
4,834
5,264
5,362
13, 591
29, 674
23, 422

69, 273 105, 564

53, 054

474, 776 511, 121 378, 498
504, 318 504, 034 332, 003
434, 658 459, 447 324, 227
505, 647 519, 273 308, 159
554, 950 576, 568 276, 696
660, 727 681, 077 343, 732
463, 865 766, 873 410, 392

352, 768
263, 529
223, 992
197, 604
194,496
241, 777
395, 392

8,966
7,888
11, 206
13, 874
12, 128
15, 170
19, 167

18, 027 32, 805 46, 486 73, 525
15, 810 28, 299 30, 669 60, 274
18, 943 46, 381 33,811 75, 721
15, 157 58, 980 43, 095 90,377
18, 730 47, 839 43, 430 99, 943
19, 431 51, 901 49, 280 96,364
20, 428 65, 178 57, 809 108, 122

59, 025
36, 851
41, 270
52, 985
52, 725
51, 444
51, 823

1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av

578, 478

1920 monthly av..
1921 monthly av..
1922 monthly av. _
1923 monthly av_.
1924 monthly av__
1925 monthly av. .
1926 monthly av_.
1935
May
June
July
August

635,803

506, 533

_. .. 402, 370

531, 093

292, 822

295, 618

417, 715

460, 574

275, 656

82, 187

1,020,627 919, 558 429, 034

188, 263

September
October
November
December
1926
January

876,906

910, 626

484, 717

330,915

416, 509

596,830

319, 415

289, 331

445, 151 481, 005

341, 633

200, 694

.. 1,165,895 1,079,030 495, 804

760, 629

March

May
June
July ..
August

September
October
N ovemb er
December
1927
January
February
March

May
June
July
August

Thousands of pounds

960, 357

974, 980

511,200

528, 426

16, 863 71, 390
21, 964 28, 499
6,978 53, 298
4,744 52,295
4,117 67, 641
5,729 55, 368
3,643 55, 815

25, 276
21, 525
35, 881
46, 245
37,066
40, 177
50, 430

3,269 49, 629
5,657 58,950
2,525 44, 941
3,486 47, 316

2,877
11,206 36,847
8,815
10, 577

3,923
8,183
9,635
9,640

32, 057
52, 179
59, 534
69, 975

19, 058
8,680
27,100
19,988

7,470
7,073
4,631
4,659

57, 657
57, 747
45,890
58,934

15, 080
12, 020
19,564
19,038

9,473

50,328

12,832

48, 520

19, 096
17, 364 49, 771
25, 391
18, 337

801 55, 095
2,688 50,449
5,336 67, 086
6,862 47, 533

21,288
19, 813
21, 793
20, 015

6,967 51, 953
8,435 38, 212
6,950 48, 137
6,050 72, 305

19, 681
12, 520
14, 747 55, 890
19, 107

8,519
5,892

20, 418
14, 162

|
53, 886

8,283
13,822 25, 915 47, 521 43,617
10, 755
10, 300

35,584

1,887 41, 365
868 58,054
904 74, 001
541 55, 971

74, 369
62, 498

10, 665
5,869
10, 705
6,615
8,224
10, 923
18,482

i
j

8,603 46, 135
15, 430
22,047
29, 130 64,418

21, 377
21, 644
6,225 11, 703
20, 484

15, 278

51, 446

31, 660

51, 981

20, 765

81,806 48,104

52,850 100,660

52, 523

58,076 107, 614^ 57, 776

63,089 47, 407

87, 039

45,877

64,407

64,745 105, 316

57, 750

16, 127 66, 098
21, 219
33, 713
25,400 67, 119

60,491 117, 058

52, 257

58, 593 123,073

51, 408

12, 299
17, 676
22, 538
20, 950

31,588
16,153
16, 755 16, 130 72, 567
35, 149
26, 538
21, 273

57, 188 129, 479

58, 542

155, 220

34, 958

93, 277
73, 550
115, 996
72, 692
48,846
51, 322
69, 989

28, 664
19, 051
23, 522
25, 527
14, 895
13, 616
12, 943

61, 543

14, 735

36, 270

15, 751

46, 338

11,469

62, 692

12, 698

65, 868

12, 372

8,127 67, 038
8,895
9,850
10, 611 84,357

11,880

6

5, 316
4,480
6,326
6,938
7,576
8,137

6,408
5,187
5,484
6,462
7,804
10, 206
10, 612
10,008
9,327
8,132
8,925
7,996
6,713
6,736
6,138
6,190

9,837
9,679
11, 169 92, 660
10, 279

14, 821

13, 226

8,754
8,144

September. . _.
October
November
December
1 Compiled by the U. S. Department of Commerce, Bureau of the Census, covering practically the entire production, factory stocks and factory consumption of fats and
oils and their raw materials. Quarterly data from 1920 appeared in the August, 1923, issue (No. 30), pp. 115 and 119. Annual figures are quarterly averages. Data prior
to 1919 collected by the U. S. Food Administration, and published in detail in the supplement to Bulletin 769 of the U. S. Department of Agriculture. Data on production
and 2consumption of total vegetable oils represent those in the crude state.
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, including cottonseed, corn, and linseed oils.
3 Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports of total vegetable oils include the following oils: Chinese nut,
cocoa butter, coconut, cottonseed, olive (both edible and inedible), palm, palm kernel, peanut, rapeseed, soya bean and linseed. The figures for Chinese nut, inedible olive,
ana rapeseed oils, which are reported in gallons, have been converted into pounds, allowing 1% pounds per gallon.
* Compiled by the U. S. Treasury Department, Bureau of Internal Revenue, showing total consumption of coconut oil 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), p. 25.
• Six months' average. July to December, inclusive.




81

Table 59.—ANIMAL FATS AND OILS
ANIMAL FATS

Factory Stocks,
Produc- conend of
sump- quarter
tion
tion

YEAR AND
MONTH

LARD COMPOUNDS AND
SUBSTITUTES

GREASES

Production

Fac- Stocks,
Stocks,
tory
con- end of Produc- end of
quarquartion
sumpter
ter
tion

FISH OILS

FacPro- tory Stocks,
duccon- end of
tion sump- quarter
tion

ANIMAL GLUES

Production

EDIBLE
GELATIN

Stocks,
Proend of Ship- ducquar- ments tion
2
ter
()

Stocks,
end of
quarter

Thousands of pounds
1919 qtly. av__
1920 qtly. av
1921 qtly. av._
1922 qtly. av__
1923 qtly. av
1924 qtly. av__
1925 qtly. av..
1926 qtly. av_.

367, 518
410, 677
473, 266
511, 451
612, 912
613, 290
497, 864
529, 623

144, 308
149, 275
141, 324
139, 043
140, 991
151, 862
141, 084
148, 649

69, 647
138, 071
86, 384
185, 283
226, 631 ' 85, 222
94, 430
175, 481
144, 576 102, 285
162, 018
99, 111
142, 382
89, 849
91, 384 •
176, 817

1924
Jan. 1-Mar. 31
Apr 1-June 30
July 1-Sept. 30
Oct. 1-Dec. 31.

719, 139
635, 577
525, 495
572, 950

149, 720
147, 008
156, 470
154, 246

158, 706
211, 383
148, 948
129, 032

1925
Jan. 1-Mar. 31
Apr. 1-June 30
July 1-Sept. 30
Oct. 1-Dec. 31.

593, 673
486, 311
405, 433
506, 038

155, 839
141, 989
141, 319
125, 188

183, 015
182, 100
101, 724
102, 691

1926
January
February .
March.
April

3 9, 517
15, 671
11, 756
16, 182
18, 674
18, 312

8,230
16, 507
13, 916
19, 754
21, 326
17, 271
25, 291
20, 662

9,791
12, 046
19, 990
27, 513
29, 675
29, 067
38, 581
36, 141

44, 609
45, 238
54, 009
47, 425
43, 228
46, 105
56, 225
67, 894

23, 660
25, 015
24, 924
24, 272
25, 043

52, 442
50, 370
39, 899

178, 146
181, 022
192, 377
278, 890

17, Oil
14, 811
13, 390
19, 517

5,444
8,071
31, 797
23,772

24, 642
27, 522
31, 467
32, 635

43, 748
44,400
48, 720
47, 551

28, 701
24, 451
20, 178
26, 365

48,888
51, 696
53, 211
55, 974

257, 695
252, 818
305, 911
336, 197

18, 197
17, 581
16, 061
22, 857

16, 613
9,217
49, 091
26,242

41, 807
35, 560
34, 768
42, 189

37, 925
55, 087
73, 575
58,311

25, 403
23,837
20, 603
27, 246

53, 944
51, 849
48, 927
46,761

51, 566
49, 023
44, 325
61, 548
66, 911
61, 498
59, 960
59,782

67, 429
69, 741
95, 592
53, 127
57, 045
48, 097
41, 927
46, 621

3 156, 770
196, 045
187, 631
207, 609
288, 155
285, 177

104, 178
103, 409
92, 331
96, 524

68, 599
61,838
56, 838
58, 718

50, 227
51, 035
49, 191
41, 933

98, 793
90, 282
82, 108
88, 211

57, 341
53, 851
64, 440
64, 208

37,499
'46, 217
42, 457
41, 535

578, 037

126, 933

186, 556

88,806

65, 977

41, 934

288, 785

16, 660

6,987

32, 402

35, 832

27, 609

44,854

542, 422

153, 725

198, 259

89, 986

56, 630

45, 676

270, 663

15, 536

7,872

36, 449

61, 665

24, 289

42, 842

498, 741
September
October.. ...
November
December
499, 291

160, 387

180, 522

91,545

62, 434

48, 676

242, 366

18, 127

44, 252

41, 010

86, 640

20, 364

36, 675

153, 549

141, 931

95, 197

54, 088

50, 198

338, 894

22,926

23,537

34, 702

87, 440

27, 911

35, 226

May
June
July
August

1927
January
February
March _
April

561, 429

160, 788

May
June
July....
August

187, 221

96, 330

50,492

49,207

325, 972

30,059

9,455

39, 552

62, 185

28,040

36, 429

6,674

3,305 4 9, 891
3,541 * 10, 454
3,134
9,084
3,868
8,649

10, 454

4,258
2,829
« 1, 440
4,009
7,270
7,012
6,943
7 525
6,013
6,226
6,073
6,222

6,447
7 130
6,937
6,292
6,731
6,724
6,546
6,175

11, 271
8,931
« 7, 146
8,990

4,637

10,104

3,894

8,882

2,401

7,191

4,541

8,421

5,344

9,265

5,840

September
October
November
December
* Compiled by the U. S. Department of Commerce, Bureau of the Census, except for shipments of animal glues, and representing practically complete production,
factory comsumption, and factory stocks. Quarterly data from 1920 appeared in the August, 1923, issue (No. 36), p. 115, except on animal glues and edible gelatin, for
which quarterly figures were not begun until 1924 and 1925, respectively. Further details are given in the quarterly press releases.
2 Compiled by the National Association of Glue Manufacturers from reports of 15 companies estimated to represent 70 per cent of the output of the industry.
Sales between members are excluded to avoid duplication. Further details are given in the association's reports.
3 Average of last two quarters of the year.
* Stocks on Dec. 31.
« Certain reports missing which would make totals slightly larger.

54177°—27




6

82

Table 60.—CROP PRODUCTION
[Base year in bold-faced type]
WHEAT
CORN
Winter

Spring

BABLEY

OATS

Total

TOTAL
BBEAD
GRAINS

BYE

BICE

POTATOES

APPLES HAY,
(total) TAME

TOTAL
VALUE
OF
CROPS 2

YEAR AND MONTH
A.— RELATIVE NUMBERS
Relative to 5-year average, 1909-1913

1921
1922
1923
1924
1925
1926

final
final
final
final
final
final

estimate
estimate
estimate
estimate
estimate
estimate

100

100

100

100
107
126
100
116
141
81
104

100
123
155
140
180
261
216
173

100
104
123
99
117
112
110
122

99
121
171
145
161
175
218

100
115
101
80
124
115
91
113

100

119
149
93
93
134
141
121

100
101
137
111
141
136
105
132

100

84
144
64
91
145
85
91

100
99
111
95
113
92
104
118

100

155
153
109
94
128
172
138

143
130
110
94
96
81
127

106
130
138
126
116
131
133

100
107
121
159
236
251
270
191

136
133
130
134
91
142

1909-1913 average
1914 final estimate
1915 final estimate
1916 final estimate
1917 final estimate
1918 final estimate
1919finalestimate . _ .
1920 final estimate _ _ _ _ _

88
115
92
111
112
84

119
126
116
126
99
121

113
107
113
85
108
98

95
107
115
133
132
111

85
100
109
100
119
105

177
296
181
185
133
115

'l09
111
114
104
113
105

157
173
141
135
139
171

101
127
117
118
91
100

56
115
115
97
98
140

125
145
135
148
130
132

99
137
153
163
154
137

B.— NUMERICAL DATA

YEAR AND MONTH

Thous.
of tons

Thousands of bushels

Millions
of dollars

1909-1913 average
1914 final estimate
1915 final estimate
1916 final estimate
1917 final estimate
1918 final estimate
1919 final estimate

441, 603
684, 990
673, 947
480, 553
412, 901
565, 099
760, 677

245,059
686, 697
206, 027
891, 017
351, 8.54 1, 025, 801
155, 765
636, 318
223, 754
636, 655
921, 438
356, 339
207, 602
968, 279

2, 708, 334
2, 672, 804
2, 994, 763
2, 566, 927
3, 065, 233
2, 502, 665
2, 816, 318

1, 131, 175
1, 141, 060
1, 549, 030
1, 251, 837
1, 592, 740
1, 538, 124
1, 184, 030

181,886
194,953
228, 851
182, 309
211, 759
256, 225
147, 608

34,916
42, 779
54, 050
48, 862
62, 933
91, 041
75, 542

4,743,008
4, 942, 613
5, 852, 495
4, 686, 253
5, 569, 320
5, 309, 493
5, 191, 777

23,926
23, 649
28, 947
40, 861
34, 739
38, 606
41, 985

356,627
409, 921
359, 721
286, 953
442, 108
411, 860
322, 867

176,482
252, 200
230, Oil
193, 905
166, 749
169, 625
142, 086

65,987
70, 071
85, 920
91, 192
83, 308
76, 660
86, 359

$5, 702
6,112
6,907
9,054
13, 479
14, 331
15, 423

1920
1921
1922
1923
1924
1925
1926

610, 597
600, 316
586, 878
571, 959
592, 259
401, 734
626, 929

222, 430
214, 589
280, 720
225, 422
272, 169
274, 695
205, 376

833, 027
814, 905
867, 598
797, 381
864, 428
676, 427
832, 305

3, 208, 584
3, 068, 569
2, 906, 020
3, 053, 557
2,309,444
2, 916, 961
2, 645, 031

1, 496, 281
1, 078, 341
1, 215, 803
1, 305, 883
1, 502, 529
1, 487, 550
1, 253, 739

189, 332
154, 946
182, 068
197, 691
181, 575
216, 554
191, 182

60, 490
61, 675
103, 362
63, 077
65, 466
46, 456
40, 024

5, 787, 714
5, 178, 436
5, 274, 851
5, 417, 589
4,923,442
5, 343, 948
4, 982, 281

52, 066
37, 612
41, 405
33, 717
32, 498
33, 309
41, 006

403, 296
361, 659
453, 396
416, 105
421, 585
323, 465
357, 800

223, 677
99, 002
202,702
202, 842
171, 725
172. 389
246, 460

87, 855
82, 379
95, 882
89, 250
97, 622
85, 717
86, 378

10, 909
5,630
7,816
8,727
9,291
8,790
7,803

543, 300
567, 762
626, 482
626, 000
626, 000
626, 000

199, 595
212, 719
212, 109
213, 336
213, 336

767, 357
839, 201
838, 109
839, 336
839, 336

2, 660, 780
2, 576, 936
2, 697, 872
2, 679, 988
2, 693, 983

1, 334, 260
1,311,159
1, 263, 619
1, 282, 414
1, 282, 414

190, 959
191, 088
195,204
196, 762
196, 762

41, 131
39,666
41,900
41, 900
41, 900
41, 870

4, 225, 665
4, 960, 284
5, 036, 704
5, 040, 400
5, 054, 345

39, 633
40,543
39, 267
39, 436
40, 809

333, 540
345, 569
351, 558
350, 821
360, 727

208, 412
218, 920
242, 114
234, 252
246, 262

77,800
77,900
78,900
83,200
83, 200

78, 537

101, 035

final estimate
final estimate
final estimate
final estimate
final estimate ..
final estimate
final estimate

1936
June estimate
July estimate
August estimate
September estimate
October estimate
November estimate

_

•

1937
June estimate
July estimate
August estimate
September estimate-October estimate .
November estimate

537, 001
579, 416

274, 218

853, 634

2, 274, 424

1, 349, 026

242, 730

48, 635
61, 820

4, 781, 634

39, 864

392,943

1
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.
2 Estimated total value of all crops based on prices at the farm on Dec. 1. Prior to 1924, 23 crops were included, thereafter 55 crops, but the additional crops are
minor and have little effect on the grand totals.




83

Table 61.—WHEAT FLOUR
GRINBINGS OF
WHEAT

CONFLOUR SUMPMILLS TION

PRODUCTION
United States

United
States i
(Census)

YEAR AND
MONTH

Canada a

Thous. of bushels

Actual Prorated 4
(Census) (Russell)

Canada 3

Thousands of barrels

Grain
offal 2

Capacity
operated 2

Thous. of
Ibs.

Per cent

Computed 4

STOCKS (end
of month)
All positions
(computed)

United CanStates « ada 6

StandWinter
ard
pat- straights
ents Kansas
Minne- City
apolis
Dollars per barrel

9,433

1,023
1,064
1,305
1,198
1, 160
1, 809
2, 204

408
389
464
660
731
839
839

$4.58
5.10
6.66
7.26
11.39
(7)
12.00

$3.85
4.13
5.61
6.09
10.55
10.30
10.70

856
54
52
54

8,237
8,569
9,291
9,223
9,719
9,492
9,626

8,943
7,148
7,220
7,701
7,344
7,046
7, 197

» 3, 965
3,891

1, 654
1,400
1,252
1,359
1,333
927
994

394
606
790
928
956
860
871

12.68
8.34
7.30
6.38
7.18
8.83
8.44

11.58
7.05
6.14
5.36
5.98
7.67
7.24

4,584

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

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

679
667
793
1,442

726
1,029
978
459

8.49
8.68
8.98
7.95

7.40
7.34
6.81
6.74

1,560
1, 385
1,344
1,208

612
963
1,262
885

7.73
7.94
7.74
7.63

6.68
6.94
6.64
6.60

1,009
874
867
1,016

774
748
1,029
415

7.46
7.42
7.33
7.25

6.55
6.54
6.58
6.58

1,099
863

804
847

7.83
7.91

6.96
7.06

9,703
9, 338
9,919
9,815
9.317
11,091

8,156

1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av..
1924 monthly av_.
1925 monthly av_.
1926 monthly av..

1,421
1,559
1,661
1,547
1,580

8 762, 163
734, 824
702, 318
723, 384

8 42, 872
41, 277
39, 836
41, 191

6,386
6,886
7,418
6,940
7,110

8 9, 288
8,943
8,646
8,956

9.146
10, 102
10, 466
10, 480
11, 047
10, 417
10, 603

1935
September
October
November
December

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, 864
10, 589

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

1926
January
FebruaryMarch
__ .
April

40, 358
34, 573
38, 027
35, 234

6,347
6,466
7,249
6,367

8,679
7,429
8,289
7,589

10, 287
8,881
9,901
8,817

1,422
1, 440
1,609
1, 41.6

728, 335
625, 503
685, 314
633, 082

54
50
47
45

9,513
8,635
9, 707
7,584

7,000
6,000
6,100
6,500

May
June
July
August ..

34, 657
37, 251
43, 942
47, 654

6,661
7,386
5,523
4,694

7,418
8, 005
9,570
10, 447

8,633
9,631
11, 189
12, 338

1,491
1,646
1,228
1,044

626, 138
668, 392
768, 231
820, 795

44
48
57
62

8,055
8,864
9, 237
10, 257

6,400
6,500
7, 660
8,300

September
October .
November... _ .
December

49, 317
48, 727
43, 922
40, 624

7,323
10, 029
9,495
7,777

10, 843
10, 678
9,618
8,909

12, 681
13, 029
11, 312
10. 537

1,634
2, 231
2,089
1,715

844, 774
834, 908
750, 008
695, 130

67
63
59
53

10, 921
11, 444
10, 668
10, 629

8,500
8.700
8,000
6,700

1937
January
February. .
March
April

39,354
36, 569
40, 908
38, 184

6,819
5, 615
6,643
5,281

8,624
8,023
8,953
8,309

. 9, 676
8,996
10, 396
9,667

1,496
1,231
1,455
1,154

676, 292
624, 025
701, 789
659, 198

53
53
50
49

7,867
8,572
10, 074
8,551

7,500
7,080
6,500
6,600

38, 730

6,658

8,455

9,532

1,455

668, 910

52

8,733

6,300

May
June
July
August

WHOLESALE
PRICES i

Thousands of barrels

1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av_.
1918 monthly av
1919 monthly av

_.

Held
by
mills 2
(qtly.)

EXPORTS

3,888

3,122

4,217

4,336

4,127

September
October.
November
December
* Wholesale prices from U. S. Department of Labor, Bureau of Labor Statistics, represent averages of weekly quotations. Monthly figures from 1920 appeared in May,
19222issue (No. 9), p. 91.
Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of over 1,000 mills each month, which produced about 88 per cent of the flour manufactured in 1923, according to the census of manufactures. Stocks include flour owned by millers whether in mills, elevators, or in transit.
3
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 other grains as well as a division into eastern and western territory. Monthly data through
1922 appeared in May, 1925, issue (No. 45), p. 27.
* Reported by U. S. Grain Corporation prior to July, 1920, covering practically the entire industry; beginning with July, 1920, from Russell'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.8 14), p. 47.
Exports of flour from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
6
7 Exports of flour from Canada from Department of Trade and Commerce, Dominion Bureau of Statistics.
No quotations.
8
Average for last six months'of year.
8
Average for two periods only, June and December.




84

Table 62.—WHEAT AND CORN
WHEAT
Stoeks (end of month)
YEAR
AND
MONTH

,

Ship- United States «
Visible supply 2 ReCanada ?
Held
ceipts 3 ments 3
b _.
y
IncludIncludmills
Wheat ing Wheat ing
(quar- United
terly) e States Canada
only wheat only wheat
flour
flour
Thousands of bushels
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

18,861
21, 619
32, 517
31, 493

1920 m.a.
1921 m. a.
1922 m. a.
1923 m. a.
1924 m.a.
1925 m. a. s 67, 712
1926m. a. 85, 415

41, 987
24,583
36, 795
36, 516
37, 131
56, 510
57,601
63, 693
70, 407 - 70,359
51, 241
63, 749
49, 875
77, 741

1935
Sep
Oct
Nov
Dec _ . 103, 109

54, 543
49, 651
49, 774
55, 024

1936
Jan
Feb . .
64,639
Mar
Apr
May
June
July . .
Aug

Ex- Wholesale
ports 5 prices J

Wholesale
prices l

Exports

1913m. a.
1914 m. a
1915 m. a.
1916 m. a.
1917m. a.
1918 m. a.
1919 m. a.

CORN

No.l
north- No. 2
red
ern
spring, winter,
ChiChicago cago

Visible
supply, Re- 3
end of ceipts
month 2

Dolls, per bu.

14, 198
16, 353
19, 919

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

10, 214
12, 291
8,081
16, 115
19, 094
16, 309
7,260

$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

27, 038
36, 369
35,009
32, 363
40, 878
29, 993
32, 519

23, 252
24, 318
23, 107
18, 038
29, 891
21, 266
19,388

18, 191
23,338
13, 724
8,211
13,859
7,700
11, 505

25, 636
29, 639
19, 359
14, 327
19, 861
11,306
15, 973

6,498
10, 776
11, 374
17, 923
21, 406
18, 529
20, 835

8,271
13, 503
14, 929
22,099
25, 708
22, 398
24, 765

2.60
1.47
1.28
1.16
1.31
1.67
1.56

2.52
1.44
1.24
1.17
1.28
1.77
1.55

6,254
20, 686
25, 137
11, 660
12, 870
16, 981
30,041

58, 366
76, 239
103,584
119, 077

57, 862
36,045
34, 127
34, 897

28, 151
24,508
22, 324
22,448

9,391
4,354
4,696
3,695

12, 092
8,910
8,621
8,235

15, 876
41,896
34,840
57,008

18, 852
46,496
40, 287
61, 698

1.56
1.55
1.61
1.77

1.67
1.64
1.71
1.80

49, 473
44,686
35, 433
30, 780

111, 121
106, 748
101, 279
91,348

21,640
16, 188
15, 101
14,011

12, 358
9,874
11, 465
10,290

2,411
1,700
3,773
2,533

5,452
4,613
6,900
6,285

13,199
14,074
14, 734
5,526

16, 424
17, 862
20, 593
8,594

1.84
1.77
1.63
1.67

20, 125
13,273
31, 959
66, 739

66,521
39,900
30, 474
19, 437

15, 663
21, 058
76,960
71, 583

19,605
15, 748
29, 013
34,458

9,368
8,074
16,083
28, 995

12,423
11, 076
19, 652
35, 485

18, 971
27, 792
16,306
9,541

22, 246
32,425
20, 709
11,608

116, 413

81, 780
77, 714
78, 412
68, 125

44,754
83, 719
119, 790
117, 796

48, 731
37, 137
29,754
22, 405

24, 625
24, 427
23,422
17, 376

23,700
17,589
14,280
9,536

30, 719
23, 821
20, 277
14, 973

10, 575
30, 573
43,947
44, 879

1937
Jan
Feb . .
85, 772
Mar
Apr
.

59, 731
58,454
51, 404
40, 455

116, 613
115, 350
109, 392
83, 121

24,595
20, 952
16, 605
14, 420

13, 757
10, 413
12, 164
17, 636

8,078
4,889
5,084
11, 263

12, 619
8,822
8,987
15, 836

30,002
23, 544

64,600
49, 247

19, 258
18, 114

17, 556
15, 092

8,960
7,459

13,903
11, 342

Sept
Oct
Nov
Dec

124, 773

May
June
July . .
Aug

Cash,
contract,
grades
No. 2,
Chicago
Dolls,
per bu.

Thousands of bushels

8,292
14, 432
17, 161
12, 838
8,850
9,265
12,341

35, 834

Ship- Grind- Corn,
ments 3 ings ^
including
corn
meal

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

17, 985
28,409
32, 814
22, 642
23, 179
18, 887
19,831

9,653
18, 949
21, 552
14, 211
14,033
11, 261
10, 149

5,055
4,875
5,566
5,513
6,279
5,855
6,341

1,769
11,015
13,844
3,724
1, 681
1,122
2,101

1.41
.58
.62
.82
.97
1.04
.76

5,912
2,209
3,077
19, 095

12, 583
12, 881
18, 456
32, 180

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

1.87
1.85
1.68
1.69

29, 519
35, 688
39, 057
34, 937

30,851
25, 596
19, 994
13,166

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

1.64
1.53
1.53
1.42

1.66
1.48
1.44
1.37

27, 469
32,279
26, 821
22, 455

11, 731
24,306
13, 748
11, 482

12,497
11,124
10,724
8,288

5,490
6,314
6,222
6,735

1,865
1.831
1,358
1,158

.72
.72
.80
.81

13, 330
34,905
49,624
48,861

1.39
1.44
1.39
1.44

1.36
1.40
1.38
1.40

18, 999
24, 637
32, 219
36,412

13, 524
28, 393
22, 847
22,339

7,267
11,001
12,563
8,652

6,311
7,057
5,924
5,100

1,052
1,494
2,208
2,030

.80
.78
.71
.76

12, 571
11,422
16, 395
20, 182

16,054
14, 788
21,026
22, 050

1.45
1.40
1.37
1.34

1.37
1.37
1.34
1.34

40, 616
47, 792
50,079
39, 130

27, 638
24,667
19, 310
10, 451

10, 638
8,500
10, 111
12, 326

6,095
5,855
6,491
6,316

2,017
2,023
2,180
1,548

.77
.76
.73
.74

28, 698
15, 863

32, 316
19, 675

1.48
1.51

1.44
1.45

31,528
36, 239

12,599
24, 483

10, 142
12,333

6,528
7,339

1,717
1,124

.87
1.00

Sept
Oct
Dec
1 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.
2
Data from Bradstreet's representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc.
3 At principal primary markets, as compiled by the Chicago Board of Trade and reported by the Price Current Grain Reporter.
4
Grindings 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 practically the entire industry. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
5
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
flour has been converted to wheat equivalent at 4^ bushels to the barrel, while corn meal has been converted at 4 bushels to the barrel.
6
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of over 1,000 flour mills representing 88 per cent of the industry. Stocks include
wheat owned by millers, whether at mills, in elevators or in transit. Details by class of elevator are given in press releases.
7
8

Exports from Canada from Canadian Department of Trade and Commerce, Dominion Bureau of Statistics,
Average of two quarters, June and December.




85

Table 63.—OTHER GRAINS
RYE

BARLEY

YEAR AND
MONTH

Receipts
at
principal
interior
markets i

WholeResale
Exports, prices,
ceipts
Exports,
Visible includ- by samat
Visible includsupply,
ing
ple, fair prinsupply,
ing
end of flour to good, cipal
end of
flour
month 0
as 3 malt- interior month e
as
grain
margrain 3
ing,
Chi-4
kets^
cago

Thousands of bushels

Per
bushel

Thousands of
bushels

1913 mo.
1914 mo
1915 mo.
1916 mo.
1917 mo.
1918 mo.
1919 mo.

av
av
av
av
av
av
av

9,058
7,435
8,385
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
2,211
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
1926

av
av
av
av _ _
av
av
av

3,815
3,321
3,367
3,904
5,207
5,517
3,498

3,438
2,913
2,002
2,352
2,498
3,997
4,648

1,489
2,153
1,536
984
1,477
2,381
1,131

1.26
.64
.63
.66
.82
.85
.70

1925
May
June
July
August

2,662
3,382
3,086
11,929

1,809
1, 657 .
1,099
3,367

1,608
667
1,940
4,564

September
October
November
December

14, 993
6,445
4,791
4,364

6,036
5,642
6,705
7,257

1926
January
February
March
April

3,034
2,588
2,958
2,528

May
June...
July
August

TOTAL
GRAINS

OATS

Canada «
Exports,
ExWhole- Receipts
includports,
sale
Visible includ- Wholeat
ing
sale
Producprices,
supply, ing oat- cash,
printion,
flour
No. 2
end of
cipal
Chi-4 Grind- oatmeal
cash,
meal
and
interior
Chi- markets1 month 2
as
meal as
cago
ings
and
grain 3
rolled
grains 3
cago4
oats

Per
bushel

Thousands of bushels

Per
bushel

Thous.
of bus.

Thous.
of Ibs.

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

3,712
2,573
5,353
3,683
5,414
2,489
1,717

7,323
2,785
5,516
14, 017
16, 288
10,340
10, 493

4,938
2,512
3,985
2,667
3,082
2,408
1,003

1.87
1.21
.89
.75
.92
1.13
.96

17,800
17, 880
19,063
19, 974
22,046
19, 512
13, 514

17,609
50, 863
49, 317
19, 637
30, 675
58,742
48, 603

1,357
698
2,979
966
694
3,109
1,561

.80
.39
.40
.44
.51
.47
.43

821
821
1,053
855
893

9,610
10, 322
15, 362
11,098
11, 716

35, 191
46, 002
41, 672
22, 668
26, 817
20, 796
21, 769

.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

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
68,584
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

6,971
7,919
5,220
4,436

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
11, 622
13, 762

66, 284
61, 896
54,237
48, 704

1,447
873
810
3,043

.43
.41
.41
.43

996
894
904
764

13,994
11, 898
11, 205
9,523

12,702
8,901
10, 785
13, 696

3,058
3,104
1,466
5,150

3,293
2,835
2,299
3,581

996
1,352
1,386
1,523

.69
.68
.72
.65

1,364
1,202
S02
2,007

9,984
10, 748
8,659
9,325

3,219
1,085
2,195
318

.84
.91
1.04
1.01

12, 378
13, 400
9,241
23,078

39, 995
38, 768
34, 489
42,529

3,255
2,429
1,468
1,028

.42
.41
.42
.40

589
652
800
841

6,990
9,137
11,224
11,309

21, 758
17, 773
26, 059
39, 512

September
October
November
December _

6,953
4,445
3,668
3,027

5,008
4,823
4,902
4,492

2,663
939
1,080
1,363

.67
.71
.71
.74

3,900
2,688
2,254
1,453

11, 052
12, 594
12, 751
12, 343

2,130
137
162
613

.97
1.01
.96
.97

16, 783
14, 333
11,309
10, 188

50, 194
49, 732
50,063
46, 341

1,762
860
951
808

.43
.47
.45
.50

1,099
1,036
1,215
927

14,893
14,068
15, 026
11,329

38, 326
27,251
24, 678
19, 787

1927
January
February
March
April

2,663
2,347
2,254
2,210

4,180
3,790
3,002
1,619

1,006
1,257
2,121
1,151

.74
.78
.78
.83

1,281
2,156
1,485
1,449

12, 591
13, 655
14,048
6,249

804
591
786
4,500

1.02
1.05
1.00
1.03

14, 377
10, 053
10, 272
9,127

46, 890
44, 625
38, 155
30,298

614
321
395
1,095

.50
.48
.49
.48

791
693
734
632

8,890
7,711
8,603
6,661

17,060
13, 014
14, 469
24,130

2,167

947
1,143

1,337
1,186

.90
.92

3,272

2,213

5,861
3,601

1.13
1.15

11,888
8,777

22, 350
18, 110

3,459
1,737

.51
.50

694

8,148

26,277
18,990

mo.
mo
mo.
mo.
mo
mo.
mo.

May
June —
July....
August
September
October
November
December

i 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.
1
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.
3
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.
5
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 other grains as well as a division into eastern and western territory. Monthly data from
1922 6 separating 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.




86

Table 64.—RICE, FRUITS, VEGETABLES, AND HAY
RICE i
Paddy at
California
warehouses
YEAR AND
MONTH
Shipments

Stocks,
end of
month

Southern
paddy

Shipments

Total
movement
Receipts to mills
at mills

Total
from
mills

New
Orleans

Domes- Imports Exports
tic at
mills
and
dealers

Coldstor.
holdings,2

Car-lot shipments 2

Receipts
(3)

Number of carloads

Tons

end
mo.

23,004

468, 036
640, 627
591, 159
633, 910
609, 477

479, 349
652, 912
642, 918
699, 754
611, 661

169, 718
203, 340
196, 238
258, 484
275, 513
278, 785
254, 825

639, 610
796, 277
837, 657
659, 645
707, 425
494, 586
630, 670

994, 249
896, 093
560, 607
842, 525

554, 723
.957, 589
797, 973
687, 198
691, 376
536, 989
635, 703

222, 175
318, 147
275, 358
223, 472
156, 446
133, 944
168, 750

1, 287, 057
1, 291, 023
1, 253, 992
1, 343, 655
1, 142, 799
896, 837
1, 574, 641

109, 706
63, 532
52, 946
40, 105
31, 728
56, 272
97, 415

327, 177
488, 412
342, 952
283, 636
128, 945
54, 556
97, 910

1925
856, 840
853, 330
September __
3,510
(5)
925, 254 1, 061, 489
136, 235
October
(6)
1, 130, 866 1, 348, 875
November _ . 218, 009
(6)
December._. 46, 641 1, 253, 359 1, 671, 725 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

1926
January
February —
March
April

911, 578
608, 600
498, 419
471, 143

165, 370
131, 393
176, 229
122, 908

2, 168, 554
2, 052, 144
1, 824, 807
1, 556, 393

108, 464
194, 576
190, 036
156, 964

55, 739
48, 248
65, 490
35, 926

3,314
1,691

322
299
832
773

473, 963
351, 292
278, 871
310, 412

113, 558
129, 725
34, 528
142, 589

1, 179, 488
975, 043
767, 627
715, 632

114, 174
111, 455
88, 159
68, 739

38, 140
37, 618
40, 464
50, 504

630
112
61
87

1, 147, 507 1, 447, 507
1, 681, 130 2, 131, 130
1, 252, 887 1, 552, 887
1, 025, 131 1,225,131

717, 070
1, 034, 736
1, 077, 146
895, 206

132, 495
359, 205
307, 692
209, 306

1, 217, 603
1, 879, 502
2, 196, 817
2, 362, 088

43, 002
25, 957
30, 372
37, 076

64, 290
101, 707
241, 678
395, 119

1,204
7,107
10, 468

1, 142, 939 1, 120, 252
1, 043, 369 877, 798
996, 153 734, 405
706, 901 569, 194

249, 175
177, 220
199, 258
130, 146

2, 095, 911
1, 957, 608
1, 867, 788
1, 696, 891

56, 818
70, 562
60, 538
99, 637

700, 427
643, 295

119, 681
119, 932

1, 400, 980
1, 181, 230

46, 034
16, 095

1913
1914
1915
1916
1917
1918
1919

mo. av
mo av
mo. av
mo av
mo av
mo. av
mo. av

1920
1921
1922
1923
1924
1925
1926

mo av
mo. av
mo. av
mo. av__ * 337, 223
mo. av_. 188, 668
mo. av__ 66, 022
mo. av__ 211, 855

May

June
July
August _

214, 777
107, 495
116, 952
238, 209
213, 437
177, 376
153, 198
70, 820

1,172, 184
386, 862
254, 002
579, 429

1, 120, 715
1, 005, 396
920, 259
651, 901

368, 037
224, 018
70, 820
(•)
fi

September _ _ 300, 000
()
450, 000
October
(•)
November.. 300, 000
(•)
200, 000 2, 592, 000
December...
1927
January
February
March
April
May
. _
June
July
August

September _.
October
November
December

1, 019, 566
477, 583
210, 515
194, 321

118, 885
105, 923
74, 634
259, 953

325, 000
395, 000
375, 000
335, 000

2, 267, 000
1, 872, 000
1, 497, 000
1, 162, 000

817, 939
648, 369
621, 153
371, 901

325, 000

837, 000
452, 000

396, 006
429, 614

385,000

3

1, 234, 343
585, 078
327, 467
432, 530

332,
283,
227,
330,

721, 006
814, 614

811,658

191, 510
193, 597
212, 140
179, 760
222, 059
446, 741
136, 090

41, 904
56, 327
109, 114
172, 990
139, 944
314, 063

757, 281
1, 021, 642
872, 667
682, 788

HAY

Thous.
ofbbls.

Pockets of 100 pounds

Barrels or sacks of 162 pounds

WHITE ONPOTAFRUIT TOES IONS
CITRUS

APPLES

Stocks,
end of
month

1,800
1,752
1,865
1,940

6,950
4,754
5,737
6,796

2,383
2,344
2,570

8,580
8,042
7,734

5,975
7,500
5,882

3,391

10, 268

8,261
8, 562

3,484 9,009
3,320 9,202
3,863 10, 380

1,422

19, 103

7,489 41, 324
9,398 19, 478
8,502 7,244

11, 397
12, 055
14, 105
15, 005

1,304
1,596
1,835
1,740
2,163
1,932
2,163
2,132

7,299
8,095

14, 627
18, 206
19, 930
18, 956
20, 178
19, 585
18, 895

2,379
2,639
9,229
9,350

22, 763
32, 545
15, 980
11, 125

3,994

9,703
8,399

3,417

5,398

2,502
2,453
2,685

5,157

124, 870
120, 675
119, 102
69, 948
76, 873
76, 493
80, 006
72, 343
66, 371

79, 516
76, 687

2,968

84,068

1,554

82, 329

2,524
2,248

11, 559
10, 894

15, 817
14, 553
19, 577
13, 718

98, 998
72, 139
73, 286

9,250
6,248
5,982
4,533

16, 488
23, 370
19, 914
14, 775

4,071
1,237
1,569

19, 272
41, 745
22, 200

3,614
4,521

3,640
5,265
2,850

9,356

8,090

12, 581

21, 846
34, 920
18, 510
13, 252

368, 895
508, 885
442, 528
455, 159

7,335

7,827
7,883
5,276
3,630

11, 725
10, 855
12, 946
12, 911

17,408

2,797

5,114
3,141
1,598

17, 314
21, 005
19, 497

2,018
1,738

256, 601
215, 411

535

2,465

10, 643

7,559

16, 407
21, 785

2,455

1,202

7,051

5,300

6,078
6,622
6,084
3,990
2,480
1,204

3,665
3,131

9,855

1,806
1,924

2,596

2,491

2,968
830

66,037
53, 217
60, 457
57, 014
49, 157
58, 240
70, 100
69, 539
68, 273

78,088
56,938
63, 971
52, 716
50, 563
53, 435

152, 000

|

1 Southern receipts, shipments, and stocks at mills from Pice Millers' Association, comprising movement of the whole rice crop except California rice. Data on paddy
at all California warehouses from Pice Growers' Association of California. The column "Total movement to mills" is a total of the shipments 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
of clean rice at 162 pounds of rough to 100 pounds of clean, as barrels or sacks 9f 162 pounds are equivalent to clean rice pockets of 100 pounds each.
2
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 Eco~
nomics. Citrus fruit shipments consist of oranges, lemons, and grapefruit.
3 Receipts of hay at 11 principal markets, compiled by prorating weekly reports to the Hay Trade Journal.
< Average for 10 months, March through December.
5 Stocks on hand are negligible, as the crop is not warehoused until the month of December.




87

Table 65.—LIVESTOCK MOVEMENT1
CATTLE AND CALVES

SHEEP AND LAMBS

HOGS

Price,
Shipments
steers,
good to
Local
Total
Total
slaugh- choice, receipts Stockcorn
receipts Stoekter
erand Total
fed,
er and Total
Chifeeder
feeder
cago 2

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

1920 mo. av__
1921 mo. a v _ _
1922 mo. a v _ _
1923 mo. a v _ _
1924 mo. a v _ _
1925 mo. av_1926 mo. a v _ _

1,950
1,649
1,935
1,934
1,975
2,006
1,989

342
292
405
379
331
319
309

1935
January
February
March
April

1,869
1,530
1,860
1,827

May.
June
July
August

Price,
heavy,
Chicago 2
Dolls, p.
100 Ibs.

Local
Total
slaugh- Ewes,
receipts Stockter
Chierand Total
feeder
cago

2,120
2,537
2,501

1,685
1,874
2,271

371
434
580

917
1,017
1,215

1,275
1,226
1,278
1,595
1,684
1,356
1,264

2,230
2,195
2,395
3,014
2,932
2,305
2,048

14.19
8.45
9.39
7.70
8.48
12.22
12.35

1,961
2,014
1,864
1,835
1, 850
1,842
1,989

432
258
347
373
390
3G1
385

38
35
52
41

2,176
1,580
1,239
1,199

3,910
3,010
2,285
2,039

10.80
11.15
13.48
12.58

1,467
1,388
1,504
1,541

3,283
3,507
2,798
2,549

36
49
35
30

1,346
1,222
995
952

1,931
2,298
1,804
1,586

12.18
12.70
13.79
13.13

12.44
11.91
10.58
10.04

2,741
3,390
3,844
4,380

33
45
61
77

1,092
1,323
1,524
1,618

1,645
2,081
2,300
2,776

1,144
1,013
1, 221
1,113

9.38
9.69
9.69
9.13

4,304
3,372
3,579
3,135

65
58
56
54

1, 581
1,345
1,428
1,264

668
658
659
776

1, 194
1,217
1,168
1,171

9.06
9.59
9.42
8.98

3,037
3,143
2,854
2,804

68
72
49
51

521
693
570
301

1,100
1,310
1,113
739

1,290
1,356
1,326
1,136

10.19
9.89
9.39 |
9.72

2,819
3,261
3, 554
3,910

1,832
1,555
1,743
1,674

205
175
200
204

657
537
607
602

1,136
1,012
1,134
1,066

10.30
11.06
11.92
12.28

1,955
1,732

235
170

732
624

1,201
1,112

11.44
11.83

Lambs,
Chicago

Dollars per 100
pounds

Thousands of animals

$8.37
8.36
7.13 I
9 62
15.71
17.60
18.24

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
1,038

915
1,071
889
856
867
867
949

8.74
3.41
5.81
6.09
6.91
7.21
6.59

15.90
9.99
13.22
13.46
14.29
15.22
13.73

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

1,689
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

12.88
11.69
11.32
10.88

2,627
3,198
1,712
1, 608

857
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

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
107
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

1,164
1,048
989
1,084

1,872
2,087
1,873
1,710

13. 29
13.96
12.98
11.85

1,717
1,913
1,739
2,277

130
238
260
567

838
916
828
1,176

885
998
912
1,058

7.05
5.31
5.88
5.87

14.20
16.13
14.26
13.95

84
129
126
1C5

1,142
1,334
1,317
1,476

1,673
1,933
2,219
2,441

12.38
12. 97
12.09
11.77

3,279
3,090
1,917
1,706

1,093
1,150
493
223

2,124
2,098
988
780

1,147
999
932
934

5.77
5.81
5.77
5.64

13.78
13.28
12.70
12. C4

4, 252
3, 308
3, 754
3, 142

99
94
102
84

1,527
1,315
1,368
1,101

2,694
2,006
2,386
2,050

11.97
11.64
11.01
10.51

1,740
1,496
1,558
1,486

207
136
140
118

819
669
719
690

921
829
843
800

6.41
7.78
8.00
7.78

12.47
13.24
15.06
15.81

3, 582
3, 752

72
61

1,204
1,250

2,360
2,509

9.45
8.69

2,044
1,838

259
257

1,076
858

971
976

5.90
5.16

14.85
13.25

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
784

1,016
923
1,036
1,086
1,154
1,205
1,196

14.49
8.76
9.46
9.96
9.68
10.65
9.51

3,510
3,425
3,672
4,611
4,618
3,661
3,314

61
42
49
68
41
44
76

207
176
230
271

708
555
645
664

1,150
967
1,179
1,163

9.31
9.47
10.20
9.99

6,105
4,558
3,528
3,246

1,737
1,746
1,970
2,245

216
154
243
360

602
534
706
886

1,123
1,190
1,252
1,281

9.66
10.50
11.56
12.08

September
October
November
December

2, 157
2,789
2,282
2,056

427
717
489
333

938
1,348
1,017
833

1,227
1, 450
1,232
1,248

1926
January _ _
February
March
April

1,840
1,551
1,811
1,711

225
177
184
202

675
532
572
603

May
June - July
August

1,894
1,871
1,820
1,997

218
169
198
252

September
October
November
December

2,397
2,674
2,460
1,846

1937
January
February
March
April
May
June
July
August

Local
slaughter

Thousands of animals

$8.51
7.04
8.70
9.58
12.81
16.42
17.50

_

Prices

Shipments

Shipments

1

September __
October
November..
December
1

1 These figures, except prices, represent the movement at between 60 and 70 markets; data procured from the U. 8. Department of Agriculture, Bureau of Agricultural
Economics. Monthly data from 1920 appeared in November, 1922, issue (No. 15), p. 115. Data on total animals slaughtered are given in Table 33.
2 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.




Table 66.—PORK PRODUCTS
PRODUCTION i
(inspected slaughter)

COLD-STORAGE HOLDINGS 3
(end of month)

EXPORTS 2

APPARENT
CONSUMPTION 4

WHOLESALE
PRICES s

Total pork
products

Lard,
Smoked
prime
hams, contract,
Chicago NewYork

YEAR AND MONTH
Total pork
products

Lard

Total

Lard

Other
products

Total

Lard

Fresh and
cured

Thousand of pounds

Dollars per pound

87, 986

82,058
76, 826
113,205
120, 941
108, 142
187, 558
219, 803

35, 555
31, 060
45, 735
63,409

85, 377
77, 149
141, 819
156, 394

644, 543
669, 283
875, 406
920, 922

85, 741
74, 117
90, 959
92, 212

558, 802
595, 166
784,364
828, 747

431, 847
343, 486
378, 420
383,581

$0. 166
.167
.153
.185
.252
.318
.343

539, 452
560, 212
618, 276
765, 178
734, 963
610, 226
606,044

104, 622
119, 216
130, 652
159, 686
160,849
122, 537
122, 409

128, 052
135, 887
123, 912
165, 645
139, 483
102, 268
93,321

51, 021
72, 412
63, 913
86, 282
78,668
57, 234
58,248

76,983
65, 896
60,011
79, 338
62, 621
44,838
35,073

898, 845
761, 914
647,594
837, 352
827, 581
753, 480
646, 521

120, 413
119, 705
86, 573
77,358
89, 855
108, 020
94,884

785, 932
642, 209
561, 021
760,019
737, 726
645, 460
551, 637

417, 203
435, 295
481, 376
588,051
600, 103
524, 712
512, 818

.334
.268
.265
.212
.202
.271
.307

.200
.111
.115
.123
.133
.168
.150 .

555, 823
650, 452
512, 095
457,345

109, 183
124, 507
118, 969
90, 421

109, 173
104, 146
89, 975
83, 226

71, 135
59, 779
49, 414
45, 740

38,038
44, 347
40, 563
37, 291

886, 713
884, 574
815, 460
698, 513

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

461, 253
563,747
606,706
773, 984

84, 972
104,288
106, 206
147, 716

102, 152
81, 321
76, 418
115, 241

60,646
44, 745
39, 979
68,840

39,506
36, 576
36, 439
46,401

539,004
429, 861
418, 737
514, 697

71, 626
37, 256
33, 710
42, 478

467, 378
392, 605
385, 027
472, 219

519, 282
592, 235
541, 736
563,011

.292
.283
.282
.280

.178
.164
.162
.150

802, 879
604, 958
649, 871
572, 037

162,314
126, 905
138, 567
126, 385

130, 829
109, 764
104, 679
100, 619

76, 670
65, 356
64, 259
63, 160

54,159
44, 408
40, 420
37, 459

620, 229
685, 992
719, 702
702, 163

64, 187
76, 145
93, 108
98, 365

556,042
609, 847
626, 594
603, 798

566, 918
429, 713
511, 952
489, 416

.278
.288
.295
.301

.157
.152
.150
.145

568, 585
646, 770
616, 289
563, 719

117, 241
122, 885
133, 702
114, 803

93, 366
85,094
72, 557
87,944

58,154
56,482
45, 879
54, 273

35, 212
28,612
26, 678
33, 671

681, 296
722, 703
796,245
774, 319

106,824
120, 527
153, 572
151, 233

574,472
602, 176
642, 673
623, 086

496, 451
521, 083
470, 705
498, 315

.310
.340
.351
.329

.159
.170
.165
.156

September
October
November
December.

475, 867
479, 917
568, 835
722, 806

97, 466
92, 967
106, 061
129, 614

93, 835
76,906
72, 914
91, 347

61, 577
46,988
43, 488
62, 690

32,258
29, 918
29,426
28, 657

619,909
477, 978
434, 972
522, 749

105, 558
72, 355
46, 744
49, 992

514, 351
405, 623
388, 228
472, 757

537, 320
546, 837
540, 331
544, 773

.320
.303
.293
.280

.150
.142
.128
.128

1927
January
February _ _
March
April

783, 758
608, 455
695, 176
603,019

148, 790
120, 492
129, 334
125, 723

85, 134
74, 150
76, 508
91,842

59,842
49,884
53,040
67, 345

25,292
24, 266
23,468
. 24,497

658,647
748, 777
830, 515
869, 823

69, 576
77, 103
92,069
99, 611

589,071
671, 674
738, 446
770, 212

564, 328
446, 125
539, 757
473, 253

.269
.273
.270
.268

.129
.128
.130
.128

681, 902

131, 685
148, 336

91, 878
97, 803

64,418
66, 404

27, 460
31, 399

899, 826
978, 961

111, 976
146, 250

787, 850
832, 711

560, 558

.259
,246

.129
.131

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 average. _.
1921 monthly average
1922 monthly average. _.
1923 monthly average. _1924 monthly average...
1925 monthly average...
1926 monthly average.. .

$0. 110
.104
.094
.135
.219
.261
.290

1925
May
June
July
August

.
.

September
October
November
December

_

1926
January
February _ _ __
March
April
May
June
July
August

.

May
June
July
August

.

_

i

September
October
November
December _
1 Production of pork products, including lard, from animals slaughtered under Federal inspection reported by the If. 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 Exports reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The total includes bacon, ham, shoulders, lard, neutral lard, and
canned, 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.
< 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.
« 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.



89

Table 67.—OTHER MEATS

Production (inspected
slaughteri

YEAR AND MONTH

Exports 2

Wholesale
prices 6
Cold- Apparent
storage
conholdings, sumpGood
Steer
end of
tion *
native rounds,
month 3
steers, No. 3,
Chicago Chicago

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

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 monthly average..
1921 monthly average..
1922 monthly average..
1923 monthly average..
1924 monthly average..
1925 monthly average..
1926 monthly average. _

395, 093
371, 108
414, 045
427, 407
444, 005
456, 643
475, 881

11, 599
3,417
2,921
2,447
2,253
2,205
2,089

1935
September
October _ .
November
December

466, 438
569, 094
451, 396
499, 739

1926
January
February _
March
April

MISC.
MEATS

LAMB

BEEF

ColdColdProduc- Cold- Appartion (in- storage ent con- storage Producstorage Apparent
holdtion
holdholdings, consumpspected ings, sumpings
(inspected end of
4
slaugh- end of
tion *
end of slaughter)1 month 3
ter) i month 3 tion
month 6

Thousands of pounds

Dolls, per pound

? 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

824, 727
793, 573
876, 854
854, 349

37, 703
43, 003
35,830
37, 615
38,047
39, 140
41, 691

82, 474
79, 137
53,641
67, 540
72,060
73, 021
54, 644

968, 944
972, 417
1, 067, 141
1, 229, 773
1, 216, 998
1, 105, 812
1, 123, 656

1, 037, 197
843, 059
686, 477
907, 388
891, 992
800, 368
673, 261

955, 554
953, 358
928, 766
1, 053, 121
1, 078, 281
1, 024, 436
1, 032, 502

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

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, 343
1, 01.5, 825
991, 101

.159
.162
.170
.170

36, 728
39, 818
37, 935
40, 260

1,697
1,871
1,813
1,929

37, 362
39, 676
37, 786
40, 134

48, 033
52, 985
57, 053
58, 557

1, 062, 888
1, 182, 513
1, 101, 739
1, 065, 640

676, 781
705, 720
747, 587
725, 269

998, 968
1, 059, 800
1, 003, 518
1, 004, 433

.163
.170
.170
.170

.170
.162
.145
.141

45, 485
43, 892
39, 737
45, 354

2,234
2,814
3,166
4,556

45, 593
43, 825
39, 762
44,688

56, 135
52, 590
53, 960
63, 846

1, 062, 297
1, 069, 797
1, 120, 929
1, 262, 825

618, 970
522, 225
531, 331
642, 032

1, 119, 198
1, 121, 986
1, 066, 816
1, 068, 945

448, 628
407, 852
446, 970
436, 183

.170
.170
.170
.170

.145
.150
.158
.176

44, 161
40, 510
41, 544
37, 545

4,447
4,074
2,940
1,862

44, 292
40, 943
42, 737
38, 641

61, 791
59,230
60, 951
58, 521

1, 271, 850
1, 050, 446
1, 173, 290
1, 062, 230

750, 563
822, 998
879, 496
893, 523

1, 057, 247
894, 920
1, 029, 463
948, 077

463, 240

.170
.170

.184
.185

37, 731

1,210
1,372

38, 452

60, 978
63, 020

1, 169, 015

900, 451
940, 819

1, 063, 111

354, 440
420, 946
467, 135
431, 602

$0. 130
.136
.129
.138
.167
.221
.233

$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
6,026
8,291

38, 439
29, 141
31, 299
39, 166

156, 117
99, 623
68, 521
75, 689
79, 712
80, 156
64, 358

400,648
375, 060
411, 561
427, 455
440, 131
460, 585
477, 990

.230
.163
.150
.158
.171
.181
.164

.213
.145
.145
.153
.152
.158
.157

34, 399
41, 096
34, 820
37, 188
38. 030
38, 943
41, 731

20, 174
22,090
3,294
3,742
2,495
1,731
2,622

2,353
2,273
1,749
1,928

40, 719
47, 481
73, 564
84, 996

469, 695
563, 086
424, 809
487, 985

.185
.185
.178
.170

.173
.160
.143
,131

40, 994
41, 701
34, 049
39, 468

458, 376
395, 362
450, 058
450, 142

1,754
2,083
1,913
2,180

80, 538
77, 690
70, 781
59, 978

462, 650
397, 616
456, 197
460, 438

.170
.163
.160
.160

.147
.150
.150
,152

May _.
June
July
August _

457, 575
495, 925
.447, 515
461, 661

1,502
2,292
2,501
2,168

52, 579
48, 688
46, 048
41, 697

465, 155
499, 041
495, 021
465, 917

.160
.160
.162
.160

September
October
November
December

540, 945
545,988
512, 357
494, 665

2,805
1,984
2,190
1,697

46, 250
61, 198
85, 977
100, 873

536, 285
531, 354
486, 723
479, 484

1927
January
. _ _
February-March
April

443, 931
401, 482
436, 570
421, 666

1,975
1,748
2,025
2,037

95,254
88,020
77, 159
62, 928

449, 382

1,418
1,374

50, 413
43, 716

May
.
June
July
August
September
October
Movember
December

TOTAL MEATS

„

__

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, and 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
lamb holdings embrace frozen lamb and mutton.
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. Monthly data on total
meats from 1916 appeared in the March, 1926, issue (No. 55), p. 23.
* 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 oflal 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
each7 month. Monthly data from August, 1917, appeared in the April, 1926, issue (No. 50), p. 20.
Average for five months, August to December, inclusive.




90

Table 68.—CONDENSED AND EVAPORATED MILK

Case Buik
goods goods

Case
goods

Total
Case
goods

BuJk
goods

Evaporated

Case Bulk
goods goods

Case
goods

Total

Case
goods
Total

a

&
•

Case Bulk
goods goods

Condensed

Evaporated

Total

Evaporated

EXPORTS 3

Condensed

Condensed

Evaporated

Cond.

Condensed

YEAR AND
MONTH

WHOLESALE
PRICES 2

UNSOLD STOCKS i
(end of month)

TOTAL STOCKS i
(end of month)

PRODUCTION i

Dolls, per
case

Thousands of pounds

1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av

131, 501
122, 014
119, 279
147, 907
141, 712
146, 373
144, 459

29, 008
16, 987
19, 531
16, 567
15, 777
15, 797
13, 020

8,979
8,365
8, 862
12, 258
12, 001
13, 246
16, 934

82, 117
85, 798
79, 457
104, 963
100, 109
100, 704
97, 538

11, 398
11, 864
11, 430
14,119
13, 825
16, 626
16, 966

235, 138
173, 926
137, 225
166, 022
186, 925
161, 409
165, 414

56, 515
31, 375
21, 166
20, 181
19, 236
29, 792
27, 085

19, 701
17, 999
9,875
18, 505
16, 727
7,790
14, 904

158, 214
123, 661
105, 872
127, 089
150, 693
123, 538
123, 233

123, 436
116, 560
87, 342
104, 558
132, 998
113, 769
120, 933

1925
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, 4CO
91, 309
117, 321

213, 162
191, 238
155, 436

26, 561
22, 022
20, 469
12, 481

23, 137
21, 050
14, 979
12, 129

141, 552
144, 933
130, 866
109, 591

21, 912
30, 095
24, 924
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

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

89, 989
90, 286
65, 152
74, 588

17, 851
12, 380
10, 954
11, 368

207, 263
185, 624
165, 682
156, 272

42, 208
34, 792
29,685
25,876

1936
January. _.
February _
March
April

124, 549
115, 638
145, 127
164, 315

13, 650
10, 664
12, 707
14, 800

16, 585
15, 603
17, 970
18, 325

84, 558
79, 759
101, 179
114, 201

9,756
9,612
13, 271
16, 989

136, 015
118, 346
115, 417
128, 496

May
June
JulyAugust

207, 243
233, 143
187, 558
139, 361

18, 282
17, 618
13, 002
11, 168

26, 299
30, 040
20, 310
14, f,65

139, 251
159, 995
125, 186
90, 414

23, 411
25, 490
29, 060
23, 114

September 119, 258
October. _ _ 109, 476
November 89, 062
December. 98, 774

10, 655
10, 871
10, 639
12, 186

14, 223
12, 172
8,220
8,798

77, 512
71, 940
58, 827
67, 639

16, 868
14, 493
11, 376
10, 151

Mav
June _
July
August

29, 083
23, 346
14, 833
13, 429
14, 119
21, 259
21, 438

11,843
13, 142
7,504
11, 142
8, 870
4,092
6,623

81, 890
79, 207
64, 711
79, 750
109, 751
88, 189
92, 706

9.cO
7.06
5.25
6.24
5.99
5.91
5.86

6.01
5.10
4.14
4,71
4.15
4.33
4.42

34, 256 23, 094
24, 144 7,825
15,625 4,734
16, 189 4,781
17, 185 5,331
12, 314 3,559
9,640 3,226

11, 162
16, 319
10, 891
11, 407
11, 854
8,755
6,320

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
5.88
5.88
5.88

4.16
4.18
4.16
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

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

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
4,552
3,316
4,203

13, 339
5,771
4,654
5,572

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. £2

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, 156
242, 102
241, 547

26, 068
36, 734
37, 285
40, 821

15, 701
21, 392
23,310
23, 136

111,659
169, 533
181, 287
177, 323

107, 291
167, 693
179, 708
174,441

20, 439
30, 943
31, 931
32, 545

7,073
10, 083
9,138
9,148

79, 518
126, 383
138, 475
132, 531

5.86
5.86
5.87
5.75

4.34
4.33
4.33
4.36

9,776
10, 825
9,160
7,992

2,813
3,472
3,537
2,139

6,963
7,353
5,623
5,657

207, 422
174, 909
137, 532
101, 320

34, 106
27, 945
23,935
19,759

21,478
18, 438
13, 73*
10,003

151, 687
128, 346
99, 685
71, 355

150, 738
135,412
100, 758
63, 896

26, 711
23, 010
18, 628
14, 399

8,203
7,869
5,016
4,072

115, 700
104, 385
76, 965
45, 235

5.76
5.85
5.85
5.68

4.45
4.41
4.42
4.48

8,481
7,349
9,268
10, 213

3,001
2,521
2,939
3,454

5,191
4,657
6,115
6,499

107, 581
118, 309
170, 881
177, 450

80, 228
70, 327
66, 610
83, 104

16,594
12,418
10, 935
14, 608

8,303
7,782
7,812
9,721

54, 888
49, 940
47, 476
58, 455

34, 182
20, 966
18, 828
20, 750

11, 296
7,054
5,378
8,317

3,388
3,619
3,881
3,689

19, 084
10, 150
9,346
8,531

5.63
5.72
5.75
5.84

4.50
4.50
4.50
4.58

8,516
7,439
9,378
10, 150

2,694
2,853
2,974
2,761

5,554
4,331
6,232
7,054

241, 297
279, 772

148, 779

26, 709

15, 062

106, 484

75, 996

21, 706

5,206

48, 894

5.93
5.90

4.63
4.60

11, 334
12, 368

3,642
3,190

7,305
8,926

;

_ 218, 100

1927
January...
February _
March
April
May
June
July
August-.-

Thous. of pounds

September
October.
November
December.
1
Data on production and stocks from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically the entire industry. Production
figures by classes 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.
s Exports are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.




91

Table 69.—FLUID AND POWDERED MILK AND ICE CREAM
ICE
CREAM

FLUID MILK
Receipts
YEAR AND MONTH

Greater
New
York*

Boston
(inelud.
cream) 2

Philadelphm

Baltimore 4

59, 840
60 520
63, 600
64, 520
66, 080
70, 520
74, 920

11, 727
12, 193
13, 059

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average

81, 440
85, 760
89,280
98, 440
99, 656
103, 612
106, 196

13, 865
14, 116
14, 878
15, 391
15, 930
16, 511
17, 389

21, 107
21, 354
23, 461
24, 253
23, 973
23, 351

1936
January. _
February
March
April

100, 865
92, 820
105, 541
105, 161

16, 010
14, 876
17, 123
16, 800

22, 190
21, 289
23, 611
24, 963

6,465
6,060
6,813
6,720

May
June
July
August

111,118
111, 047
114, 035
110, 923

18, 231
19, 279
19, 868
18, 027

25, 071
24, 361
25, 984
24, 382

September
October
November
December

107, 254
108, 469
101, 889
105, 235

17, 570
17, 758
16, 772
16, 349

21, 830
22, 517
22, 139
21, 875

1937
January
February
March
April

106, 156
99, 019
113, 200
108, 761
114, 529

May
June _
July
August

- ._

Consumption in
oleomargarine 6

Thousands of
pounds

Thousands of quarts

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average...
1917 monthly average
1918 monthly average
1919 monthly average

Production,
Minneapolis,
St. Paul «

Production 7

POWDERED MILK

Production 7

Thous. of
gallons

Net
orders 9

Stocks,
Exend of
month s ports 10

Thousands of pounds

1,749

10, 470
11, 098

1,549
2,147
2,530
3,634

4, 876
4,386 •
5,426
5, 564
5,740
5,931

12, 357
12, 193
13, 108
15, 284
15, 130
17, 865
17, 937

4,436
3,566
3,901
5,734
6,426
6,854
3,541

27, 188
26, 126
29, 153
27, 685

6,616
5,972
6,522
5,690

8,054
8,682
11, 477
14, 902

7,824
8,029
6,969
6,761

30, 499
29, 191
25, 229
21, 771

5,134
5, 250
4,690
4,651

6,722
6,538
6,201

19, 070
19, 328
19, 424
22,562

5,991
6,504
6,891
7,262

17, OC2
15, 522
18, 140
17, 976

25, 468
24, 623
27, 794
26, 458

17, 725

30, 818
30, 825

5,715
7,145

5,944
6,203

7,786
12, 141
13, 224
17, 895
21, 005
24, 100
24, 769

11

3,948
4,347
5,170

11, 645
11, 775
7,314
6,395
12, 881
7,092
10, 225

264
787
516
203
461
304
222

6,252
6,227
8,842
10, 177

4,368
4,448
4,893
•5,115

5,726
5,774
' 5,278
7,286

203
190
285
285

24, 914
27, 885
36, 714
32, 129

12, 347
13, 963
11, 272
8,502

6,142
6,806
5,837
5,363

9,861
12, 884
14, 599
14, 941

181
178
209
196

20, 418
12, 982
9,258
7,833

7,473
6,585
5,436
5,408

5,031
5,249
4,428
4,366

14, 146
12, 299
10, 292
9,610

289
171
213
259

6,287
6,262
7,042
6,518

9,638
6,710
6,601
6,683

268
254
171
336

5,913
5,689

9,064

387
251

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. These data have been computed from original figures in 40-quart cans, previously shown in the SURVEY.
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 Wharton School of Finance and Commerce, estimated to represent more than 90 per cent of the total milk receipts in that city.
5 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
data6 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.
s 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 case and bulk
goods, are given in the November, 1925, issue (No. 51), p. 23.
Q Compiled by the American Dry Milk Institute from 31 identical firms which in 1924 produced 61 per cent of the totals as compiled by the Department of Agriculture.
Monthly data from 1924 appeared in the November, 1926, issue (No. 63), p. 19. Data on stocks held by 21 institute members appeared in October, 1925, issue (No. 50), p. 26.
The association reports also include production and unit prices of members.
10 Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
u Six months' period, July to December, inclusive.




92

Table 70.—BUTTER, CHEESE, AND EGGS
CHEESE
Cold-

Pro- Appar- Re- storage
ent
ceipts holdYEAR AND duction
conat 5
ings,
MONTH
(fac- sump- mar- creamtory) i tion 2 kets
ery 4

Price, Creamery, 92 score 5

BUTTER

Exports
ColdAppar- ReProduc- ent con - ceipts storage Im- 6
at 5
tion i sump- marhold- ports U.S. Cantion 2 kets 3 ings*
ada 7
(6)

i 83, 887
41, 599
16, 189
53, 805

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

31, 304
31,709
33, 992
35, 733
38, 956
40, 636
41, 076

14, 055
16, 695
16, 655
18, 254
17, 921
18,488
17, 324

52, 917
43, 939
41, 637
52, 431
66, 536
68, 489
72, 673

1,333 1,358
2,239 981
3,881 417
5,368 694
4,931 358
5,200 766
6,535 325

30, 448
30, 562
38, 327
43, 810

39, 057
37, 421
43, 589
39, 646

14, 854
13, 568
15, 056
15, 531

67, 531
58, 175
51, 285
47, 450

4,788
3,131
4,641
4,872

.41
.41
.40
.42

55, 802
64, 642
55, 078
46, 140

41, 179
46, 813
36, 060
36, 542

14, 973
21, 777
21, 972
20, 735

52, 167
68, 771
90, 053
98, 473

5,165
5,908
5,087
6,520

125, 342
100, 871
64, 377
34,347

.45
.47
.51
.55

40, 910
35, 867
27, 640
26, 257

43, 705
45,423
42, 774
40, 695

18, 231
19, 252
15, 954
15, 984

95, 385
89, 785
81, 084
71, 920

7,449
9,722
11, 102
10, 033

37, 705
38, 375
45, 210
48, 279

17,952
7,952
3,044
3,436

.50
.52
.51
.50

23, 323
25, 962
29, 241
29, 401

36, 616
36, 145
42, 985
38, 212

12, 706
14, 916
14, 872
16, 923

62, 136
54, 072
47, 840
45, 616

5,608
4,788
7,824
6,923

356
370
346
327

63, 710
75, 756

25, 404
90, 116

.43
.43

40, 918
59, 259

21, 301
22, 134

50, 864
66,819

7,072
7,656

297
241

138, 109
123, 796
126, 844

38, 336

$0 32
.30
80, 539 .30
51,588 .34
54, 572 .43
49, 737
.51
67,229 .61

1920
1921
1922
1923
1924
1925
1926

m. a.
m. a.
m. a.
m. a_
m. a.
m. a.
m. a.

71, 965
87, 912
96, 126
104,268
113, 007
113, 461
120, 981

129, 466
143, 811
149, 671
155, 564
161, 175
163, 875
168, 390

33, 563
39, 012
43, 893
45, 448
48, 956
47, 667
47, 745

59, 754
52, 623
50, 959
47, 074
73, 665
61,665
67, 693

.61
.43
.41
.47
.43
.45
.45

32, 693
31, 930
33, 531
35, 852
39, 024
41,917
41,283

Mar
Apr

97, 893
94, 222
112, 432
121, 049

145, 220
137, 015
156, 183
159, 097

39, 424
39, 507
46, 077
45, 501

39, 381
26, 313
17, 392
17, 527

.45
.45
.43
.39

May
June
July
Aug

155,912
178, 276
159, 554
133, 294

205, 689
178, 825
178, 825
181, 506

54, 464
75, 931
68, 393
50, 476

30, 561
86, 897
131, 152
138, 151

Sept
Oct
Nov
Dec

116, 732
103,068
88,481
90,853

173, 808
167, 692
158, 407
156, 777

44, 761
38, 166
34, 180
36, 054

94, 346
93, 142
109, 259
120, 770

145, 906
135, 997
154, 276
165, 822

1937
Jan
Feb
Mar
Apr
May
June
July
Aug

227, 614
184, 035

Dolls, Thousands of Thous.
of Ibs.
cases 10
p.lb.

4,632
4,623
3,235
2,376
528
630
944

m. a.
m. a.
m. a.
m. a.
m. a
63, 293
m. a. 66, 107
m. a. 70, 833

1

Cold-storage
holdings 4
Receipts
at 5
ColdProduc- storage Price mar- 3
tion i hold- No.l kets Case Frozen
ings* freshs

Thousands of pounds

1913
1914
1915
1916
1917
1918
1919

1936
Jan
Feb

American 8

Total, all varieties

Dolls,
p.lb.

Thousands of pounds

EGGS

22, 079
20,607
23, 486

28, 995
26, 125
47, 590
34, 646
41, 442

$0 15
16
.15
.19
.24
.27
.32

10, 533
11, 135
11,104
9,546
9,732
10, 580
11, 222

21, 224
21,811
23, 567
25, 676
27,058
28, 937
27, 993

37, 559
30,066
30, 675
39, 579
49, 483
52, 056
56, 964

340
335
432
348

2,668
2,580
2,548
1,303

19, 519
19, 984
25, 216
29, 221

351
261
309
254

3,280
6,667
20, 681
19, 903

323 19, 343
252 23, 449
341 18, 601
356 13, 635

0

1,224

3,069
3,504
3,367
4,156

4,930
10, 621
12, 071
14, 871

.29
.21
.20
.25
.21
.25
.23

1,079
1,251
1,335
1,391
1,284
1,290
1,300

3,261
4,171
5,137
5,355
4,597
5,309
4,941

18,866
24,562
22,607
27, 716
27, 426
31, 610
37,850

50, 339
42, 587
38, 041
35, 597

.26
.25
.23
.21

906
1,070
1,741
2,087

578
77
872
3,735

29,256
24, 167
21, 849
25, 739

38, 598
46, 320
40, 164
33, 239

39, 346
54,069
73, 681
81, 297

.21
.21
.22
.22

2,251
2,115
1,385
1,083

7,236
9,133
9,845
9,573

34, 815
45,688
51, 810
52, 634

28,809
23, 164
16, 386
15, 295

77, 646
72, 491
63, 881
54, 596

.23
.24
.25
.26

932 8,048
699 5,888
581 3,215
751 1,096

51,061
44, 966
38,620
33, 593

3,209
3,404
3,191
1,117

46, 026
39, 382
35, 193
32, 487

.26
.26
.25
.24

970
1,176
1,997
2,729

253
92
1,868
5,501

31, 207
26, 053
33, 272
52, 053

2,619
7,060

35, 826
49, C43

.24
.24

2,523 8,962
1,767 10,554

71, 605
81, 303

Sept
Oct
Nov
Dec
1
Data from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically complete factory production. Data on American cheese are
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, 1926, issue (No. 59), p. 23.
2
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. Monthly data on storage
holdings of frozen eggs since 1916 were given in the May, 1927, issue (No. 69), p. 22.
8
Average of daily wholesale prices of creamery butter, 92 score at New York City, as compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics.
Monthly data since January, 1910, were given in the April, 1927, issue (No.. 68), p..23.
,
,
,
.
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 Canadian
f T "
~
fiscal year ended March 31 of the year indicated.
8
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 daily wholesale prices of American cheese, No. 1, fresh, at New York City, as compiled by the U. S. Department of Agriculture, Bureau of Agricultural
Economics. Monthly data since January, 1910, were given in the April, 1927, issue (No. 68), p. 23.
10
One case of eggs equals 30 dozen, or about 45 pounds net.
11 Five months' average, August to December, inclusive.




93

Table 71.—SUGAR
EXWHOLESALE
PRICE 2
PORTS i

RAW CANE SUGAR
Imports 1

Receipts
Stocks
Louisiat reFrom
crop
From anaNew Meltings « fineries,
Hawaii foreign at
end of
month «
and
Orleans 4
P.R. countries

YEAR AND MONTH

Raw, GranRefined, 96° ulated, Gran- Index, Receipts,
includ- cenin
Cuban
trifu- bbls., ulated, cities
ing
ports
N.Y.
maple
gal,
N.Y. N.Y.

Long tons
1909-1913 monthly av
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919
1920
1921
1922
1923
1924
1925
1926

monthly
monthly
monthly
monthly
monthly
monthly
monthly
monthly

Dollars per pound

63, 336
66, 890
67, 984
69, 756
75, 683
80, 581
65, 951

16, 184
10, 109
8,501
14, 050
9,545
7,286

261, 149
298, 686
222,005
362, 040
286, 806
307, 724
332, 711
344, 125

8,154
4,704
8,812
9,236
14, 102
6,601
4,952
5,181

326, 547
334, 981
296, 130
429, 002
345, 730
378, 937
426, 075
431, 261

115, 706
106, 017
158, 830
191, 101
175, 770
184, 473
202, 648
323, 541

54, 891
34, 371
34, 739
68, 341
16, 520
16, 381
28, 228
7, 957

.075
.130
.048
.047
.070
.060
.043
.043

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

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

172, 569
151, 174
83,537
58, 206

364,473
385,027
284, 411
313,841

362
378
854
564

452, 681
491, 389
465, 144
453, 226

56, 798
51, 505
26, 827
20,475

326, 105
299, 863
352, 569
221, 927

228
157
17, 722
11, 148

70, 187
142, 800
157, 549
158, 556

163, 973
366, 551
400,544
417, 332

144, 715

1925
September
October
November.
December

175, 664
201, 437
196, 569
205, 716
183, 802
192, 219

69, 322
70, 803
74, 572
68, 436
63, 575
79, 142
100, 257
96, 486

average
average
average
average
average
average
average
average

CUBAN MOVEMENT 3
(raw)

RETAIL
PRICE 2

348, 546
285, 968

2,953
1,926
14, 524
35, 838
58, 812
37, 602
15, 152

Rel. to
1913

Exports

Stocks,
end of
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

.089
.126
.062
.059
.084
.075
.055
.055

.104
.182
.077
.066
.094
.084
.064
.061

205
353
146
132
184
167
131
125

328, 360
288, 281
291, 342
357, 892
290, 609
332, 554
420, 238
384, 321

323, 441
274, 811
233, 140
428, 302
290, 065
332, 035
411, 793
388, 866

647, 341
410, 287
1, 047, 721
617, 799
395, 339
455, 115
713, 576
816, 549

.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

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, 723
445, 215
454, 631
465, 263

364, 430
684, 263
1, 107, 086
1, 452, 146

519, 595
541, 467
425, 902
341, 803

6, 671
8,793
11, 692
7,095

.042
.041
.042
.042

.055
.054
.056
.055

.060
.061
.061
.062

122
126
126
127

354, 890
254, 748
163, 014
164, 744

360, 464
357, 859
300, 955
445,900

1, 442, 231
1, 327, 592
1, 195, 658
935, 416

448, 043
471, 192
347, 156
271, 948

287, 655
222, 129
277, 687
246, 391

5,464
4,213
2,419
5,604

.044
.046
.047
.051

.056
.057
.058
.061

.062
,.064
.064
.065

127
129
129
133

186, 580
197, 350
169, 202
62, 829

473, 190
434, 253
342, 124
206, 816

603, 469
390, 989
225, 592
69, 741

1,404
123
46
30

290,613
362,841
553, 004
482, 656

177, 791
300,858
321, 629
379, 210

5,760
6,541
18, 295
15, 822

.051
.049
.048
.048

.062
060
.058
.058

.068
.068
.067
.063

136
136
135
133

482, 152
805,868
1, 084, 038
595, 154

166, 044
397,066
512, 824
441, 653

298, 682
702, 733
1, 310, 347
1, 449, 624

50
42

478, 280
4C9, 562

370, 898
449, 069

10, 524
8,345

.048
.046

.060
.060

.063
.035

133
133

227,001
185, 360

336,320
359, 738

1, 357, 045
1,156,430

$0. 035 $0.043
.038
.047
.056
.047
.058
.069
.077
.063
.064
.078

1926
January
February
March
April

_

May
June
July
August

.

September
October
November
December

1927
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 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.
3 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.
* 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.
5 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
prorated 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'
hands) 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.




94

Table 72.—COFFEE, TEA, POULTRY, AND FISH
COFFEE i

YEAR AND MONTH

Clearances
Re- from Brazil
ceipts
in
World United Brazil Total To
total States
U.S.

U. S.2

Thous.
oflbs.

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

Imports
into

Dolls,
perlb.

Imports
into
U.S.2

Stocks
in
United
Kingdom ;

POULTRY
Price, Formosa
fine, New York a

Visible supply,
end of month

Price, Rio No. 7,
Brazil grades.
N.Y.3

TEA

FISH

Total Cold- Canned salmon
Coldstorage catch, storage
holdprinholdcipal
ings
ings
Ship(end of fishing 7 (15th of ments. Exports,&
6
mo.) s U.S.8 Canada
mo.)
ports

Receipts
at 5
markets s

Thous. of Ibs.

Dolls,
perlb.

Thousands of pounds

8,241
7,418
8,151
8,842
8,814
10, 566
11,044
6,747

107, 127
96, 338
107, 053
110, 784
67, 040
90, 408
153, 759

$0 242
.249
.248
.240
.240
.316
.358
.353

10 13, 518
10 13, 549
10 14, 300
16, 936
15, 999
44, 032
18, 549
64, 798
17, 358

62, 501
61,764

36,604
106, 083
60, 167
85, 313
83, 875
76, 000
82, 833

Cases

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 $0. 113
71, 044
.107
84, 256 .080
102, 438 .075
97, 241 .094
107, 2C9 .091
91, 788 .098
111, 130 .178

7,941
8,913
8,730
5,863
4,857
5, 145
4,619

1,695
1,686
1,087
903
726
736
779

558
1,064
894
916
1,186
984
1,043

891
1,003
1,036
1,175
1,157
1, 105
1, 155

637
513
499
625
582
590
625

108, 118
111, 956
103, 837
117, 321
118,047
106, 916
124, 443

.120
.072
.103
.115
.168
.203
.182

7,567
6,374
8,093
8,927
7,701
8,437
7,994

213, 843
211, 666
187, 796
151, 357
159, 665
195, 249
180, 942

.337
.240
.303
.310
.316
.350
. 355

18, 239
21, 355
23, 559
28, 397
30, 265
26, 733
30, 178

46, 146
50, 278
54, 276
68, 045
64, 990
82, 050
70, 395

15, 675
13, 608
16, 260
16, 023
17,005
19, 901
21, 999

45, 296
44, 355
35, 311
36, 210
45, 041
44, 084
46, 859

467, 086
471, 438
541, 804
527, 109
524, 806

106, 813
53, 396
75, 729
55, 896
93, 875
134, 938
116, 474

1936
January
FebruaryMarch
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

572
610
649
353

143, 268
122, 965
146, 048
129, 064

.185
.191
.182
.183

7,546
7,080
5,776
4,891

209, 037
201, 408
194, 162
178, 565

.355
.355
.355
.355

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

115,031
81, 863
94, 091
40, 310

May
June
July
August

4,387
4,491
4,560
4,738

583
647
691
832

748
901
1,072
1,117

893
889
1,217
1,289

554
511
653
684

85, 424
104, 720
116, 702
122, 922

.198
.201
.198
.192

3,149
4,907
9, 025
10, 056

161, 972
155, 595
148, 207
156, 850

.355
.355
.355
.355

16, 519
21, 311
20, 974
23,164

42, 808
36, 730
35, 793
38, 634

22,220
27,929
29,564
32, 043

21,540
31, 345
45, 606
57, 627

177, 464
368, 619
581, 072
840, 065

27, 148
19, 208
22, 708
100, 321

September
October
November
December.

4,663
4,601
4,564
4,701

912
899
888
978

1, 053
1,108
1,215
1,389

1,240
1,363
1,269
1,159

694
780
721
716

105, 163
159, 567
120, 518
136, 955

.177
.161
.163
.153

12, 148
11, 057
10, 737
9,559

175, 012
186, 861
196, 626
207, 003

.355
.355
.355
.350

24,579
31, 105
69, 991
76, 919

44, 771
64,842
106, 854
144, 497

24, 414
23, 762
19, 924
13, 439

64,657 1, 237, 767
836, 374
70, 309
75, 034
543, 333
69,584
584, 097

130, 796
245, 660
245, 883
121, 965

1927
January
February. _ „
March
April

4,605
4,385
4,318
4,261

1,014
903
765
806

1,127
1,006
1,007
899

1,214
928
1,209
929

666
447
672
511

119, 672
125, 624
106, 988
126, 999

.153
.149
.158
.162

8,876
5,585
5,369
5,251

222, 636
217, 413
194, 3T52
179, 315

.345
.345
.345
.345

27,704
18, 949
15, 777
13, 956

144, 076
129, 510
104, 697
77, 282

18, 140
19, 349
28, 610
20, 556

58, 655
48, 684
34, 887
24, 731

482, 140
490, 107
368, 071
206,647

106, 145
66, 467
126, 594
53,450

4,322
4,393

743
788

982
1,137

932
1,169

509
655

92, 940
110, 616

.154
.148

4,732
5,343

158, 012

.345
.345

20, 157
21, 479

61, 525
50, 059

25, 171
27, 072

29, 782
36, 752

1920
1921
1922
1923
1924
1925
1926

monthly av
monthly av
monthly av
monthly av
monthly. av
monthly av
monthly av

May
June
July
August

11, 819
11, 371
9,468
9,280

September
October
November
December

64,590
35, 913

/

i

1 Data on coffee, except imports and prices, from the New York Coffee and Sugar Exchange, Inc. Eeceipts in Brazil cover the ports of Eio and Santos, while clearance
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, issue (No. 9), p. 102, and for 1922 in May, 1924, issue (No. 33), p. 156.
2
imports of coffee and tea from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3
Compiled'by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices in the New York wholesale markets, except that prior
to 1918, the prices are averages of quotations on the first day of the month.
4
Compiled by the British Board of Trade, representing the quantity of tea remaining in bonded warehouses in the United Kingdom or entered to be warehoused on
the last day of the month. Monthly data from 1913 appeared in the November, 1926, issue (No. 63), p. 26.
s Receipts at the markets of Boston, New York, Philadelphia, Chicago, and San Francisco compiled by the U. S. Department of Agriculture, Bureau of Agricultural
Economics, are totals of weekly figures with overlapping weeks prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
e Cold-storage hoi dings at principal warehouses compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Poultry holdings are given as of the
end of the month, with fish holdings as of the 15th of the month. Monthly data from 1920 on poultry appeared in June, 1922, issue (No. 10), p. 43.
? Fish catch, representing landings of fresh fish from vessels at Boston and Glouscester, 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 .
8
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.9
Canadian exports of canned salmon from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures represent monthly average for the Canadian10fiscal year ending March 31 of the year indicated.
Excluding Portland and Seattle.




95

Table 73.—TOBACCO
i

UNMANUFACTURED

MANUFACTURED PRODUCTS

Wholesale
price 5

Stocks * .
(quarterly)
Sales,
Production loose-leaf
(crop
ware-2
estimate) i houses

YEAR AND MONTH

Exports- Chewing,
leafs
smoking,

snuff, and
export
types

Cigar
types

Total,
including
imported
types

___
_

1919 monthly average - _
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average 1926 monthly average

Large
cigars

Small
cigarettes

Exports 3

Cigarettes

Thousands

31,417
36, 754
28,827
35, 877
39, 784
21, 186
33, 656

810, 469
835, 462
915, 452
821, 564
923, 240
975, 427

369, 802
344, 971
361, 114
286, 007
275, 770
291, 214

1, 234, 014
1, 224, 524
1, 343, 396
1, 165, 332
1, 250, 801
1, 337, 747

. $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
587, 796

1, 296, 308
1,404,636
1, 497, 029
2, 107, 525
2, 944, 272
3, 888, 075

193, 234
200, 602
173,015
354, 889
584, 977
1,012,128

1, 465, 481
1, 582, 225
1, 069, 693
, 246, 837
, 515, 110
, 251, 343
, 376, 628
, 323, 388

_

1925
September
October
_ _ _ _ _ _
November..
December

996, 176
953, 734
1, 034, 679
1, 062, 237
1, 153, 278
1, 249, 276
1, 439, 071

Burley, Manugood factured
leaf,
dark red, tobacco
and
Louissnuff
ville
Dolls, per Thous.
100 Ibs.
of Ibs.

Thousands of pounds

1909-1913 monthly average
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthlv average _ .
1917 monthly average
1918 monthlv average

Consumpton 6
(tax-paid withdrawals)

__

e 82, 149
65, 280
74, 254
41, 601
42,028
40, 344
52, 398
39, 897

63, 826
38, 946
42, 946
35, 907
41, 434
48, 005
39, 200
39, 897

1, 030, 642
1, 026, 109
1, 227, 487
1, 121, 075
1, 207, 714
1, 329, 960
1, 383, 519
1, 408, 152

303, 343
327, 185
344, 617
386, 091
404, 584
410, 435
398, 243
400, 272

1, 402, 525
1, 440, 507
1, 650, 022
1, 587, 422
1, 689, 639
1, 814, 686
1, 864, 016
1, 879, 602

32.35
34.18
29.28
27.50
27.78
26.03
24.79
22.47

35, 339
33, 324
32, 208
35, 019
34, 342
34, 415
34, 186
34, 173

589, 363
661, 418
563, 218
574, 383
583, 241
554, 867
541, 729
549, 077

4, 426, 649
3, 720, 072
4,240,181
4,463,752
5, 370, 890
5, 917, 368
6, 663, 134
7, 453, 926

1, 350, 981
1, 319, 489
711,973
•956, 334
1, 027, 303
882, 616
678, 803
791, 278

1, 247, Oil
1, 228, 972
1, 264, 226
1, 376, 628

91, 682
98, 657
112, 615
120, 972

50, 694
52, 784
51, 141
68, 375

1, 289, 447

389, 913

1, 754, 596

1, 384, 627

356, 119

1, 818, 564

25.00
25.00
25.00
25.00

36, 054
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

111, 199
83, 462
" 25,210
15, 078

46, 891
47, 147
36, 167
43, 388

25.00
25.00
25.00
25.00

34, 411
34, 054
37, 428
33, 891

433, 673
451, 204
564, 245
509, 133

6, 943, 815
6, 240, 142
7, 633, 201
6, 972, 836

851, 531
513, 193
906, 029
946, 711

27, 431
30, 762
29, 760
26, 263

22.60
21.00
21.00
21.00

34, 380
36, 327
33, 648
35, 809

507, 253
576, 562
568, 553
594, 242

7, 257, 751
8, 486, 335
7, 961, 032
8, 068, 005

866, 705
1,061,448
726, 669
819, 569

21.00
21.00
21.00
21.00

36, 224
34, 731
30, 955
28, 218

600, 016
664, 497
654, 975
464, 575

8, 086, 274
8, 060, 677
7, 345, 202
6, 391, 844

762, 387
654, 013
611, 998
775, 081

21.00
21.00
21.00
21.00

33, 005
31, 874
35, 347
31, 561

466, 078
441, 696
528, 698
475, 980

7, 269, 356
6, 609, 166
8, 026, 096
7, 880, 403

761, 026
611, 221
747, 967
468, 852

18.00
16.88

33, 420

540, 874

8, 538, 988

893 152
809, 523

1926
January
February _
March
April

___

May
June
July
August
September
October
November.
December

.. -

_ ~

1, 306, 494
1, 293, 918
1, 304, 494
1, 323, 388

102, 691
131, 891
141,000
122, 882

38, 319
53, 129
49, 136
50, 375

130, 006
118, 493
61, 319
8,076

66, 337
46, 840
41, 669
35, 041

2,180
236

_ _ _ _ _
_

1, 139, 251
1, 202, 884

4,189
7,660
582
34, 772

40, 366
33, 053

_ _

1, 531, 617

433, 479

2, 040, 067

1, 372, 438

424, 460

1, 868, 296

1, 312, 142

389, 178

1, 768, 399

1, 416, 412

353, 973

1, 841, 645

1, 570, 595

421, 699

2, 081, 695

1, 371, 003

372, 758

1, 844, 462

1927
January
February
March
_
April

May
June
July..
August.

-

1, 099, 114

_

September
October
November
December

___
_

1 Estimate of production of the tobacco crop from the U. S. Department of Agriculture, Bureau of Agricultural Economics. The annual figures represent the latest revised
estimates of the year's total crop, not ninthly averages, while the monthly figures represent the current estimate of the total crop for the year made the first week of each
month. Revisions 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.
3
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 the average for the month compiled by the U. 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.



96

SHIP
CLEARANCES 1

VESSEL
LOSSES 2
(quarterly)

Completed
during
month 3

Vessels in foreign
trade
YEAR AND
MONTH

Lost
Amer- Forican
eign

Abandoned
Total

Total

Thousands of net
tons s

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 mo. av. 2,836
1921 mo. .av. 2,507
2,639
1922 mo. av
1923 mo. av. 2,329
1924 mo. av. .2,503
1925 mo. av. 2,329
1926 mo. av. 2,378

2,816
2,704
2,756
3,228
3,232
3,525
4,209

5,653
5,211
5,395
5,556
5,735
5,854
6,587

62, 090
48,291
28, 842
31, 216
31,772
21, 527
23, 051

8,556
15, 272
34, 173
171,683
168, 445
35, 845
86, 228

1926
January
February- _
March
April

1,600
1,590
1,721
1,838

3,016
2,929
3,313
3,383

4,616
4,519
5,034
5,221

A.UgUSt

2,536
2,640
3,149
2,567

3,529
4,445
5,275
5,325

6,065
7,086
8,424
7,892

September _
October
November.
December..

2,554
2,908
3,063
2,366

5,103
5,032
4,638
4,522

7,657
7,940
7,701
6,888

1937
January
February-.
March
April

1,818
1,734
1,882
2,618

3,335
3,011
3,265
3,542

5,153
4,745
5,147
6,160

2,632
2,575

3,616
4,260

6,248
6,835

May
June
July

May '
June
July
August

Steel
seagoing

25, 845

73, 945

14, 960

82, 014

21, 107

64, 778

30, 290

124, 175

37, 033

261, 720

Under
construction

Merchant
vessels
Thous.
of gross
tons 8

Gross tons 8

1,250
1,000
1,340
1,537
1,666
1,563
2,083

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

SHIP CONSTRUCTION

18, 836
46, 225
86, 192
226, 773
354, 845

28, 846
26, 354
9,548
27, 094
50, 895
155, 110
294, 849

1,236

238, 394
115, 569
28,246
24, 099
17, 507
17, 595
19,006

208, 557
102, 157
13, 239
9,774
10, 854
11,068
13, 574

1,188
546
231
197
173
186
259

8,629
7,578
33, 016
22, 874

4,517
312
28, 850
18,096

268
251
228
229

16, 377
22, 819
14,009
19,423

7,179
13, 724
8,389
13, 384

223
199
254
275

11, 317
12, 414
23, 237
36, 376

6,244
9,648
20, 934
31, 605

281
273
317
314

6,396
19, 374
41, 869
42, 752

1,208
15, 532
26, 847
33,631

313
310
288
235

40, 030
56, 075

31, 661
48, 174

World (quarterly) <

FREIGHT
RATES

Table 74.—OCEAN TRANSPORTATION
IMMIGRATION AND EMIGRATION

Aliens «

United States
citizens 5

Passports
CharUnder conissued s
ter
struction,
rates Immi- Emi- Arrivals DeparLaunched
end of
tures
world grants grants
month
routes
7
()
Rel. to
No. of Thous. No. of Thous. 1911-13
Number
Number of people
ships of gross ships of gross av.
tons §
tons »

438
330
186
241
278
467
621
440
344
213
163
218
201
140

1,466
1,085
617
410
505
541
409

100

384

833
713
300
422
735
1,362
1,786

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

272
160
114
108
106
99
102

59, 047
46, 992
31, 764
62,587
29,564
24, 227
28, 025

21, 810
20, 498
9,664
5,884
7,510
6,807
6,048

17, 038
19, 272
24, 296
23,020
26, 839
30, 550
30, 765

21, 102
23, 340
24, 209
21, 728
25, 137
28,569
30, 645

13, 374
11,474
11, 463
10, 521
12, 198
14, 342
14, 669

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

33, 533
24, 790
22,283
29,286

5,861
7,575
7,052
7,376

22, 719
24, 432
25, 981
52,683

28,913
47, 715
60,223
42, 248

31, 460
25, 916
14,007
9,936

35,297
34,528
30, 756
23, 805

6,634
5,377
6,859
9,481

71,263
34,176
27, 844
16, 777

26, 268
18,150
17,992
19,608

8,747
7,896
8,434
8,431

18, 804
21, 695
29,868
33, 034

3,928
3,949
4,244
4,185

16, 913
25,097
32, 752
29,055

21, 483
29,732
27, 041
26, 815

9,053
9,381
17,556
27, 144

31, 819

6,148

26, 238

28, 849

32, 863
27,183

235

757
745
625
497

2,556
2,546
2,261
1,941

134

461

524

2,010

94

156

376

512

1,971

89

138

387

477

1,851

101

130

410

476

1,933

124

118

289

561

645

2,570

2,841

112

September .
October
November.
December—
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 17. S. Department^/ 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,
including 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 the SURVEY (No. 29), p. 49.
* 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.
8 Compiled by the U. S. Department of Labor, Bureau of Immigration. Aliens admitted and departed include complete legal immigration and emigration but not nonimmigrants.
« Compiled by the U. S. Department of State, Division of Passport Control and excludes passports issued to Government officials.
7 Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering six tramp-ship commodities over 12 world-wide trade routes.
s 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.




97

Table 75.—RIVER AND CANAL CARGO TRAFFIC
CANALS

RIVERS
Ohio by districts 10
(quarterly)
MissisOhio
sippi
(Pitts(Govt.- Monon- Alle- burgh
owned gahela '•' gheny 9
to
Pitts- Hunt- Cinbarges)
Wheel- Total burgh ing- cin- Louising) s
ton nati ville
(7)

Panama l
YEAR AND MONTH

In
AmerTotal ican
vessels

New
St.
In Sault York Cape
WeiSte.
LawBrit- Marie 2 State Cod ^ Suez s land 6 rence 6
3
ish
()
vessels

Thousands of long
tons
1913 monthly av
1914 monthly av
1915 monthly av__
1916 monthly av._
1917 monthly av
1918 monthly av
1919 monthly av_.

Thousands of
short tons
9,965
6,921
8,911
11, 486
11, 227
10, 710
8, 529

407
258
588
628
576

182
71
123
175
230

183
131
283
218
156

1920 monthly av
781
1921 monthly av_. 962
1922 monthly av
907
1923 monthly av_. 1,630
1924 monthly av._ 2,158
1925 monthly av . . 1,892
1926 monthly av._ 2,299

379
432
413
913
1,256
1, 056
1,238

236
310
277
411
529
498
553

11, 203

1926
January _ „
February
March
April

1,152
1,092
1,403
1,157

625
523
701
626

(*)
(*)
(*)

1,369
1,190
1,165
1,317

2,000

289
562
565
517

10, 157
12, 910
13, 608
13, 776

229
399
316
336

70, 615
75, 247
65, 027
62, 004

2,310

1,254
1,327
1,195
1,233

573
556
543
551

12, 789
12, 879
8,170
1,387

416
348
326
(*)

58, 831
83, 218
79, 040
79, 465

2,059
2,304

2,242
2,230
2,534
2,430

1,216
1,149
1,350
1,410

478
539
641
491

(*)
(*)
(*)

(*)
(*)
(*)
169

2,380

1,308

550

285

2,607
2,238
2,417
2,135
2,186

2,322

September
October
November
December

May

1,421
1,459
1,780
1,898
2,122
2,215
2,117

37, 755
40, 889
58, 023
71, 208

2,240
2,375
2,272

_ _

6,032
8,259
9,042
10, 234
10, 985

4,698
12, 573
12, 614

"

Thousands of short tons

"

8,731

1,164

(*)
(*)
(*)
(*)

9,910

Short tons

I

158, 600

2,139

May

June
July . -.
August
September
October
November.
December

134, 107
99, 411
153, 140
216, 402

203
208
262
312
290
335
339

2,347

June
July
August

1927
January
February
March
April

372
297
265
232
185
166
177

Thous.
Short of met.
tons
tons

13, 392
36, 939
49, 841
59, 203
70, 792
75, 896
86, 978

1, 144, 652
1, 787, 388
1, 733, 135
1, 840, 193
2, 039, 110

247, 189
270, 053
252, 667
292, 871
209, 100

298, 766
538, 380
523, 497
588, 130
776, 813

57, 996
49, 975
74, 688
72, 682

1, 487, 357
1, 638, 476
1, 831, 204
1, 919, 679

24, 330
81, 315
159, 660
202, 090

155, 339
273, 207
571, 193
761, 947

653, 025 744, 510 95, 605
949, 973 1,060,598 90, 495
787, 478 968, 976 88, 846
630, 169 798, 845 114, 352

1, 972, 767
2, 067, 772
2, 334, 195
2, 289, 324

222, 395 852, 732
245, 741 1,045,889
273, 641 1,159,138
295, 823 1,078,041

872, 597 110, 690
923, 051 103, 960
682,848 104, 450
72, 276 80, 910

2, 317, 562
2, 303, 595
2, 192, 169
2, 115, 215

291, 111
274, 931
246, 446
191, 719

927, 851
975, 225
881, 490
639, 709

50, 378
41, 945
52, 081
54, 155

2,305
89, 610
(*)
(*)
2,209
85, 482
(*)
(*)
2,724
104, 301
(*)
(*)
241, 070 121, 673
2,786 321, 670

1, 935, 879
2, 117, 558
2, 529, 828
1, 829, 631

89, 242
85, 605
108, 433
184, 015

621, 496
624, 697
765, 632
744, 400

60, 482
84, 062

2,410 1,040,748 1,094,346 100, 000
991, 787 1,211,603

1, 806, 081
1, 851, 453

195, 792
260, 612

696, 722
817, 446

114,406
103, 226
115, 788
70, 242
50, 733
64, 860

2,245
2,061
2,471

2,255
1,964
1,939

2,033
2,080
1,845
2,153

370, 105 388, 429
422, 208 518, 795
464, 809 597, 653
531, 260 641, 944
682, 534 759, 067
805, 133 851, 407
744, 931 889, 100

(*)
(*)
(*)
(*)

717, 548
833, 591
579, 881
62, 849

(*)
(*)
(*)
(*)

3,844
4,790

1,912

2,327

1; 116
1,265

2,452

1,000

867

5,363

2,672

1,327

148 1,216

5,790

3,143

1,471

159 1,017

5,555

2,492

1,394

162 1,507

3,562

1,999

1,001

134 772
138 1,060 '

85

76

500

487

* None.
1 Panama Canal traffic, reported by the Panama Canal, represents tonnage of cargo carried by commercial vessels. Yearly figures prior to 1922 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. 8. 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 one
third 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. Data previously shown
in this column represented ship tonnage, but have been replaced by figures on cargo tonnage. Monthly data from 1920 on ship tonnage (not comparable with present
figures) appeared in the September, 1923, issue (No. 25), pp. 55 and 56.
fi 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 7of which period the canals are usually open—that is, totals for the years are divided by 7 in order to present a figure fairly comparable with current monthly movements.
Cargo tonnage on Government-owned barge line on Mississippi River 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 8traffic, appeared in July, 1922, issue (No. 11), p. 45.
Compiled by the U. S. War Department, Engineer Corps, represent total cargo traffic on the Ohio River 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.
9
Compiled by the U. S. War Department, Engineer Corps, representing total cargo traffic on the Monongahela and Allegheny Rivers above Pittsburgh. This traffic
consists mostly of coal. Monthly data from 1922 appeared in the November, 1926, issue (No. 63), p. 26.
10
Compiled by the U. S. War Department, Engineer Corps, representing tonnage of cargo traffic on the Ohio River. Each district includes only the traffic originating
in that district either on the Ohio River or on one of its tributaries, so that the total contains no duplications. Figures for 1925 and 1926 are quarterly averages, figures
being reported quarterly, beginning with the third quarter of 1916, Prior to that time data were made available semiannually, the distribution as between the first two
quarters of 1926
 being partly estimated.
54177°—27
7


98

gS5"| lill
United States

Canada

>J I r t

REVENUES

Can-3
ada

United States *

NET OPERATING
REVENUES

Table 76.—RAILWAY, PULLMAN, AND EXPRESS OPERATIONS

YEAR AND Total
Total
MONTH operat- Freight Passen- operatger
ing
ing

QC

§£S|

OPERATION RESULTS *

PULLMAN
CO.'

Freight carried RePas1 mile
ceipts senTotal Pasper
reve- sengers
gers
ton- carried nue carried
United CanStates ada 3 mile 1 mile
Millions of tons

Thousands of dollars

Cents

Millions

Thous. Thouof dolls. sands

0.719
.723
.722
.707
.715
.849
.973

2,823
2,881
3,649
2,882
3,290
3,556
3,863

$3, 445
3,284
3,483
3,684
4,311
4,164
5,756

VISITORS TO
EXPRESS
NAT. PARKS 6 EARNINGS 7

Total

Persons

Auto- operat- Opering
inmobiles
reve- come

nue

Thousands of
dollars

2,072
2,182
2,021
2,326
2,691
2,397
3,112

Number

No. of
cars

1913 m. a. $255, 139
1914 in. a. 241, 608
256, 630
1915 m a
302, 104
1916 m. a
1917 m. a. 337, 539
1918 m. a. 410, 549
1919 m. a. 432, 005

$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

$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

$6, 224
5,342
4,343
6,915
7,323
4,689
2,651

34,939
36, 410
33, 034

1,919
1,839
1,472
2,350
2,599
2,586
2,246

1920 m. a1921 m. a.
1922 m. a.
1923 m. a.
1924 m. a.
1925 m. a.
1926 m. a.

518, 785
464, 429
468, 291
529, 118
498, 963
515, 553
537, 832

360, 304
327, 328
334, 076
385, 465
362, 412
379, 424
401, 082

107, 285
96, 172
89, 686
95, 636
89, 724
87, 994
86, 939

$37, 199
39, 844
35, 967
38, 315

485, 861
383, 651
371, 397
412, 081
379, 970
381, 946
393, 296

4,846
51,329
64,748
81, 911
82, 229
94, 987
102, 695

420
3,034
3,896
4,138
5,829
5,280
7,583

37, 445
28, 731
31, 320
38, 133
35, 802
38, 010
40, 718

2,605
2,199
2,202
2,602
2,862
2,454
2,715

1.052
1.275
1.182
1.115
1.115
1.097
1,081

3,904
3,111
2,877
3,167
3,010
2,996
2,891

6, 012
5,370
5,465
6,048
6,063
6,683
6,820

3,271
2,600
2,646
2,854
2,841
2,961
3,006

68, 887
74,966
81, 812
113, 062
132, 874
138, 910
147, 851

7,230
9,548
10, 025
12, 452
16,002
16, 766
26, 030

16,306
15, 640
13,006
13, 441
12,909
12,829
12, 873

3,615
260
116
105
91
101
99

1935
Sept
Oct
Nov
Dec

565, 568
591, 533
532, 985
524, 130

419, 737
450, 629
402, 544
379, 509

95, 710
86, 528
81, 112
92,036

43, 870
48, 723
45, 806
44,448

388, 110
410, 447
384, 550
389, 599

134, 522
138, 033
107, 016
94, 608

11, 538
16, 706
13, 871
11,335

41, 305
44, 054
40, 775
37, 856

3,339
4,039
4,072
4,168

1.103
1.114
1.079
1. 085

3,335
2,908
2,699
2,985

7,409
6,818
6,052
6,680

3,385
3,039
2,742
2,869

184, 279
36, 524
37, 083
27, 807

17, 361
2,462
3,865
1,767

13, 152
13, 465
13, 102
12,608

154
210
137
*5

1936
Jan
Feb
Mar
Apr

481,418
460, 846
531, 464
500, 489

347, 798
340, 755
401, 953
370, 616

89, 594
78, 626
80, 813
80, 673

33, 138
32,044
37, 570
35, 350

378, 933
361,004
397, 132
385, 783

, 65, 761
63, 421
94, 658
75, 882

4,063
3,914
7,948
5,563

37, 678
35, 414
38, 672
36, 317

2,590
2,378
2,488
2,109

1.031
1.066
1.133
1.121

2,911
2,579
2,643
2,661

7,107
6,032
6,387
6,326

2,991
2,608
2,718
2,810

36, 238
38, 713
54, 955
58, 192

2,411
2,265
4,081
4,374

12, 378
12,324
12, 952
12, 769

86
102
119
96

May
June
July— .
Aug

518, 042
539, 865
556, 515
578, 823

385,
396,
408,
428,

510
687
645
628

82, 824
92, 381
97, 787
98, 913

39, 487
39, 833
41, 366
41, 225

389, 145
390, 190
395, 294
399, 330

88, 130
107, 336
116, 895
133, 008

6,229
5,635
7,646
8,917

39,833
39, 237
41, 705
43, 724

2,630
2,383
2,213
2,047

1.077
1.108
1.076
1.082

2,017
3,252
3,502
3,535

6,470
7,604
7,376
7,653

2,817
3,282
3,336
3,542

128, 629
235, 698
455, 204
434, 603

18, 505
44, 361
86, 779
77,004

12,840
12, 845
12,547
12, 636

75
91
85
89

Sept
Oct
Nov
Dec

589, 961
609, 045
561, 034
526, 486

444, 142
471, 478
432, 666
384, 108

92,648
82, 082
77, 299
89, 622

44, 830
50, 782
49, 270
43, 265

397, 860
414, 902
402, 673
407, 302

145, 492
146, 125
114, 734
80, 893

12, 499
17, 397
15, 539
8,196

44, 328
48, 273
43, 342
40, 096

3,144
4,275
4,428
3,365

1.091
1.072
1.070
1.046

3,247
2,795
2,602
2,942

7,646
6,778
6,018
6,437

3,399
2,997
2,684
2,889

212, 387
55,543
33, 088
31, 302

50, 383
15, 620
3,658
1,744

13, 187
13, 254
13, 188
13,554

126
146
134
37

1937
Jan
Feb
Mar
Apr

487, 004
468, 994
531, 056
498, 428

357, 840
353, 857
406, 399
371, 390

85, 975
74, 218
76, 630
77, 332

35, 570
33, 701
39, 990
38, 116

387, 489
361, 473
395, 423
384, 668

61, 579
70,045
94, 948
73, 627

4,212
4,002
8,284
5,777

39, 223
37, 250
41,816
37, 102

2,836
2,436
2,775
2,506

1.025
1.056
1.077

2,834
2,470
2,546

7,086
6,180
6,458
6,329

2,988
2,583
2,738
2,775

51, 972
58, 599
59, 597
56, 543

6,359
6,187
6,887
8,508

12, 541
12, 403
12. 964

88
98
107

518, 569

390, 680

78, 532

390, 787

85, 664

6,418

2,780

140, 716

28, 477

May
June
July
Aug

Sept
Oct
Nov
Dec _ _

40, 113

$12, 613 $2, 092

i

""II

"

1

r""

* Deficit.
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
with about 98 per cent of the total operating revenues of all railroads.
2
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.
3
Annual figures, from Department of Trade and Commerce, cover all railroads in Canada, averaged 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 of the total revenues of all roads. Monthly data from 1920 on net
operating revenue and on freight carried appeared in July, 1922, issue (No. 11), p. 45.
4
Data on the United States from the Bureau of Railway Economics, except tons per mile for 1915 and 1916, from Interstate Commerce Commission. Monthly data on tonmile operations from 1916 appeared in December, 1923, issue (No. 28), p. 52.
« Pullman passenger traffic furnished by The Pullman Company; revenues from its reports to the Interstate Commerce Commission.
6
Visitors to national parks from U. S. 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.
7
Reports 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 revenues (equal to
the difference between total operating revenues and operating expenses) from which have been deducted noncollectible revenue from transportation and express taxes.
1




99

Number

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly
1920
1921
1922
1923
1924
1925
1926

monthly
monthly
monthly
monthly
monthly
monthly
monthly

In bad order

Tractive
power Number
(mills,
oflbs.)

Reported by
manufacturers 3
Domestic

Domestic
Total

Steam Electric

Per
ct. of
total
in use

av.
av.
av.
av.
av.
av.
av.

UNFILLED ORDERS
(end of month)

Total

Reported by
railroads l

In

In

R. R. mfg.
Steam Elec- shops plants
tric

EXPORTS *

SHIPMENTS BY
MANUFACTURERS 3

Steam

Total owned

ORDERED F R O M
MFRS.2

YEAR AND
MONTH

RETIRED i

ON RAILROAD LINES 1
(end of month )

INSTALLED 1

Table 77.—LOCOMOTIVES

Mining

Industrial

Number of locomotives

41
22
52
69
148
89
80

23.8
6

SHIPMENTS,
ELECTRIC
LOCOMOTIVES 5
(quarterly)

18
224
130
117
. 281
129
101
146

110
69
88
248
109
63
113

26
18
11
17
8
12
15

1,447
367
892
1,636
499
467
583

894
206
787
1,488
386
335
461

122
57
40
85
61
46
38

813

40
59
77

846
351
236
430

143
84
31
22
27
30
23

av.
av.
av.
av. 7 64, 757
av.
64, 962
2,572
av.
64, 371 • 2, 592
av. 63, 171
2, 602

5, 559
17, 026
12, 204
11, 195
10, 819
9,318

25.3
23.9
26.4
19.0
17.4
16.9
14.9

7265
187
144
200

7230
179
250
298

166
20
217
165
118
83
100

8

1925
September
October
November
December

64, 258
64, 151
63, 869
63, 608

2,596
2,595
2,589
2,584

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
386
435
557

41
40
46
54

37
33
32
35

200
185
307
436

22
56
38
38

1926
January
February
March
April

63, 595
63, 549
63, 546
63, 440

2,588
2,591
2,596
2,597

10, 074
10, 070
10, 187
9,831

16.0
16.0
16.2
15.6

191
175
204
189

206
222
205
295

60
13
204
251

126
163
162
151

91
101
146
122

11
22
11
12

653
572
780
713

506
442
635
580

53
60
50
44

38
40
103
95

455
401
635
559

58
38
20
9

May
June
July
August

63, 352
63, 266
63, 202
63, 107

2,598
2,601
2,603
2,605

9,265
9,228
8,718
9,031

14.7
14.7
13.9
14.4

174
184
171
152

262
270
237
247

50
191
14
84

140
159
132
124

105
133
82
78

14
11
20
16

726
667
555
525

585
522
445
455

46
53
36
26

92
84
123
67

520
562
394
466

15
15
20
44

September
October
November
December

63, 044
62, 830
62, 672
62, 452

2,611
2,611
2,612
2,609

8,889
8, 654
9,320
8,549

14.2
13.9
1-5.0
13.8

224
175
354
206

278
390
512
450

31
30
215
52

134
151
128
185

109
124
109
152

13
15
15
17

498
390
517
398

386
286
391
297

24
20
27
14

100
72
57
53

343
262
287
276

12
18
5
17

62, 387
62, 334
62, 275
62, 238

2,611
2,611
2,613
2,614

9,256
9,548
9,334
8,915

14.9
15.4
15.1
14.5

145
160
142
187

210
214
201
223

26
85
70
27

57
80
137
98

16
69
84
72

8
10
11
23

405
396
385
327

334
314
301
255

16
22
48
35

56
44
34
30

262
232
210
187

41
9
47
15

62 172
61, 930

2,616
2,611

9,030
8, 759

14.7
14.3

148
258

213
500

184
38

109
89

77
63

15
18

427
393

380
333

27
24

40

251

9318
9143
9172
218

915

187

13

228

16

165

19

198

9

204

16

304

75

272

11

923
916

30

10
22

1927
January _
February
March
April
May
June
July
August

.

...

September
October ___ __ _
November..
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 Senice
Division. Data for 1919 on bad-order locomotives from U. S. Railroad Administration.
2
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 91 per cent.
3 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), 4p. 25.
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 528.
Compiled from quarterly reports to the U. S. Department of Commerce, Bureau of the Census, from nine 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
Ten months' average, March to December, inclusive.
7
Eight months' average, May to December, inclusive.
Digitized for 8FRASER
Four months' average, September to December, inclusive.
8
Quarterly averages.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

100

Table 78.—FREIGHT-CAR MOVEMENT
SHORTAGE 1

SURPLUS i

YEAR AND
MONTH

Box
cars

Coal
cars

Total
cars 3

Box
cars

Coal
cars

LOADINGS 2

Total
cars 3

Grain
and
grain
products

Livestock

Coa!
and
coke

Forest
products

Ore

Merchandise and
1. c. I.

Miscellaneous

Total

Number of cars

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, 045
3, 759, 873
3, 276, 930

15, 852
13, 527
487
112
196.

51, 579
27, 873
1,046
440
334

204, 397
189, 642
214,223
192, 144
200, 509

135, 508
147, 375
146, 087
136, 301
133, 610

655, 962
851, 753
754, 650
794, 060
884, 790

243, 001
312, 074
305, 594
311, 402
304, 536

132, 524
195, 143
139, 881
167, 637
182, 074

985, 495
1, 013, 754
1, 043, 344
1, 099, 383
1, 121, 487

1,243,743
1,441,270
1, 440, 757
1, 567, 753
1, 615, 230

3, 600, 630
4, 151, 101
4, 044, 536
4, 268, 679
4, 440, 194

4
10
25
15

406
167
60
15

245, 173
168, 932
150, 674
131, 429

180, 125 1, 071, 5C9
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

4
•9
4
272

None.
None.
None.
354

7
18
4
636

183, 205
145, 801
216, 214
220, 676

136, 129
106, 076
133, 207
121, 227

813, 119
665, 901
876, 362
833, 768

377, 138
294, 052
330, 712
285, 548

309, 822
252, 076
314, 110
250, 447

1, 268, 532
1, 030, 366
1, 242, 669
1, 042, 763

1, 765, 434
1, 471, 600
1, 831, 817
1, 566, 998

4, 853, 379
3, 965, 872
4, 945, 091
4, 321, 427

140, 842
111,619
136, 796
267, 739

364
153
104
5

153
495
200
87

558
2,957
357
97

210, 565
232, 248
195, 152
205, 662

131, 300
211, 729
140, 404
131, 236

731,
996,
798,
756,

278, 590
351, 937
265, 373
257, 447

229, 220
246, 882
130, 900
46, 521

1, 051, 989
1, 355, 132
1, 036, 784
976, 238

1, 664, 534
2, 142, 283
1, 526, 332
1, 326, 403

4, 297, 936
5, 537, 159
4, 093, 715
3, 700, 334

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, 070 312, 254
298, 663
770,077
783, 448 ' 306, 959
705, 198 299, 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
104, 796
88, 967

75, 253
69, 869
56, 785
38,967

257, 956
254, 807
199, 073
161, 478

None.
None.
172
None.

None.
48
114
None.

None.
€8
404
None.

197, 997
160, 917
279, 527
227, 930

142, 765
107, 501
134, 363
117,097

898, 076
734, 393
938, 537
809, 785

383, 403
295, 942
334, 843
282, 376

243, 183
271, 446
364, 950
310, 424

1, 330, 505
1, 026, 471
1, 273, 732
1, 061, 346

1, 946, 950
1, 515, 480
1, 919, 315
1, 008, 822

5, 142, 879
4, 112, 150
5, 245, 267
4, 417, 780

September
October
November
December

62, 202
45, 148
98, 794
166, 532

27, 519
12,106
12, 521
61, 181

114, 730
81,011
144, 92k
275, 260

403
460
25
None.

100
1,360
516
18

542
1,945
579
28

202, 312
266, 240
180, 596
184, 139

147, 232
847, 713
200, 666 1, 196, 637
138, 443
988, 281
121, 747
947, 265

281, 723
360, 775
263, 351
234, 152

300, 627
338, 619
127, 302
38, 792

1, 065, 424
1, 384, 234
1,046,406
987, 699

1, 707, 547
2, 258, 853
1, 524, 321
1,266,237

4, 55)2, 378
6,006,0i24
4, 271, 700
3, 780, 031

1937
January
February
March
April

148, 742
141, 589
131, 844
137, 432

62, 588
83, 252
68,417
90, 075

259, 548
275, 153
248, 477
259, 736

2
None.
None.
8

85
85
466
1

164
125
538
19

220, 958
178, 387
160, 217
188, 152

153, 658 1, 125, 448
110, 990
903, 149
109, 265
896, 527
137, 048
852, 223

295, 924
275, 597
281, 834
344, 373

47, 240
42, 823
42, 923
111, 719

1, 187, 182
1, 009, 978
1, 070, 952
1,335,487

1, 494, 339
1, 303, 007
1, 454, 677
1, 921, 747

4, 524, 749
3, 823, 931
4, 016, 395
4, 890, 749

133, 345

78, 148

256, 448

None.

10

158, 527
156, 472

115, 378
108, 383

689, 903
653, 119

283, 695
270, 554

238, 279
255, 562

1, 049, 900
1, 001, 882

1, 561, 060
1, 528, 188

4, 096, 742
3, 974, 160

75, COS
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
104, 770

90, 897
23, 367
110, 572
96, 843
61, 740

164, 500
69, 659
229, 908
241, 289
205, 915

26, 653
10, 566
384
90
96

1935
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.

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

September
October
November
December

58,203
49, 502
58, 463
112, 345

61, 370
42, 949
43,658
95, 295

1926
January
February
March
April .

113, 860
87, 389
95, 478
118,419

May
June
July
August

1917 mo.
1918 mo.
1919 mo
1920 mo.
1921 mo.

av
av
av
av
av

6,437
29, 251
82, 135
15, 985
127, 982

1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 rno. av

May
June
July
August

None.

738
948
770
827

September
October
November
December

1 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,



101
Table 79.—RAILWAY CAR SUPPLY
FREIGHT CARS
In railroad hands,
end of month *
YEAR AND MONTH
Total

Number

1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly

In bad order

Capacity
(millions
of Ibs.)

Shipments by
mfrs.3
Total

Do-

mestic

Unfilled orders,
end of month l

To

Total

mfrs.

Perct.
Number of total
in use
142, 790
168, 973
166, 779
318, 880
302, 456

av
av
av
av
av

Ordered
from
mfrs.2

PASSENGER CARS

5.9
7.0
7.3
13.9
13.3

Shipments UnIn
by mfrs.3
Orfilled
railroad dered
orders,
hands, from
end of ] mfrs.2
Do- end of
quarter
Total mes- quarter i

InR.R.
shops

tic

Number of cars

1,838
7,017
1,945
15, 013

7,961
11,917
5,116
3, 528
4,866

|

4,392
6,904
3,899
3,109
4,749

53, 891
54, 144

1923 monthly av
1924 monthly av
1925 monthly av
1926 monthly av

2, 323, 087
2, 354, 955
2, 345, 482

204, 316
209, 935
211, 257

185, 343
188, 012
183, 725
154, 983

8.0
8.2
7.9
6.7

7,873
11, 899
6,527
4,690

12, 233
6,850
6,447
6,675

12, 069
6,718
6,124
6,471

48, 033
34, 757
30, 055

'44,548
27, 924
22, 810

1925
January
February
March
_
April

2, 341, 116
2, 346, 696
2, 350, 704
2, 353, 959

207, 626
208, 345
208, 909
209, 368

186, 539
185, 047
186, 417
189, 514

8.1
8.0
8.1
8.2

10, 312
5,388
4,677
5,525

8,365
10, 335
10, 718
9,352

7,031
9,881
10, 503
9,212

58, 910
50, 603
45, 419
42, 602

53, 625
45, 725
39, 847
34, 530

IVlay
June
July
A.ugust

2,356,646
2, 361, 060
2, 361, 554
2, 364, 672

209, 806
210, 461
210, 701
211, 163

195, 986
198, 468
197, 281
197, 178

8.4
8.5
8.4
8.4

8,944
777
843
2,816

7,059
7,639
5,040
3,617

7,030
7,623
4,880
3,412

35, 823
27, 458
26, 087
20, 151

26, 781
18, 825
17, 898
13, 711

9, 042
8,633
8,189
6,440

2, 363, 643
2, 359, 103
2, 353, 501
2, 346, 805

211, 212
210, 952
210, 543
210, 137

179, 571
165, 481
165, 818
157, 405

7. 7
7.1
72
6.8

6,113
5,556
13, 598
13, 776

5,405
2,849
3,365
3,618

5,319
2,492
2,649
3,451

19, 548
23, 333
27, 136
40, 015

13, 302
16, 144
20, 013
34, 692

6,246
7,189
7,123
5,323

1926
Januar3^
February
March
__
April

2, 343, 943
2, 345, 518
2, 345, 947
2, 348, 129

210, 116
210, 370
210, 575
210, 965

158, 160
161, 959
162, 470
159, 845

6.8
7.0
7.0
6.9

11, 531
11, 353
7,640
5,622

3,299
6,904
8,811
9,257

2,968
6,412
8,668
9,207

49, 831
45, 344
44, 183
43, 582

39, 751
34, 626
35, 810
34, 839

10, 080
10, 718
8,373
8,743

]Vlay
June
July

2, 344, 955
2, 346, 990
2, 348, 524
2, 349, 305

210, 968
211, 321
211, 637
211, 896

168, 498
165, 588
165, 756
161, 396

7.3
7.2
7.2
7.0

435
4,270
1,256
164

8,170
10, 009
9,287
8,357

8,130
10, 003
9,185
8,308

40, 003
34, 874
27, 995
19, 819

31,437
27, 222
21, 762
13, 816

8,566
7,652
6,233
6,003

2, 348, 956
2, 345, 447
2, 341, 841
2, 336, 225

212, 089
211, 975
211, 760
211, 407

149, 078
139, 484
137, 420
130, 146

6.5
6.1
6.0
5.7

2,564
2,891
2,732
5,831

5,606
5,311
2,433
2,656

5,560
4,388
2,376
2,450

13, 468
11, 484
11, 591
18,481

8,118
7,046
6,975
12, 313

5,350
4,438
4,616
6,168

2, 336, 050
2, 335, 000
2,332,569
2, 332, 184

211, 500
211, 485
211, 483
211, 649

136, 847
138, 292
130, 470
135, 458

5.9
6.1
5.7
5.9

17, 196
4,185
5,253
3,362

3,209
3,023
4,449
5,570

3,160
3,009
4,445
5,562

27, 069
28, 426
26, 717
26, 305

17, 209
18, 255
17, 395
18, 217

9,860
10, 171
9,322
8,088

2, 333, 098
2, 332, 723

211, 875
211,997

147, 449
141, 433

6.5
6.2

4,378
7,566

6,202
5,935

6,182
5,584

23, 666
21, 956

15, 122
14, 678

8,544
7,278

September
October
November
December

_ _

--

A.llgUSt

September
October
December

__

1927
January

March
A.pril
IVTay
June
July

_ __

63
11
23
71
46

^218
1,121

184
213
135
110

138
93
76
186

135
88
73
178

1,270
815
830
333

78
90
111
104

68
62
45
56

68
62
45
50

22
34
362
9

77
81
82
130

77
81
75
110

37
134
87
547

67
66
56
126

58
66
56
126

217
152
107
230

176
165
115
225

157
165
102
225

30
124
68
1

208
224
222
187

196
218
222
187

131
32
124
105

178
197
145
191

163
197
114
191

314
246
212
6

60
56
86
88

42
55
71
88

52
61

5,285
4,878
5,572
8,072

70
19
34
75
59

54,324
54, 658
54, 458
54, 166

3,482
6,833
7,245

24
148
20
198

52
147

52
' 147

54, 612

54, 634

54, 552

54, 034

54, 167

53, 938

54, 314

54, 245

54, 001

773

498

901

1,146

1,206

1,298

766

730

1,013

November
December
i
1

Compiled by the American Railway Association, Car Service Division, covering Class I railroads and some others, including about 99 per cent of total railroad operations. Cars in railroad hands include those owned or leased by railroads but not private-owned cars on their lines. Passenger coaches in railroad hands include coaches,
combination, baggage, express, and all other coaches. 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.
2
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
they3 indicate the trend from year to year comparable to the above figures.
The data on shipments 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.
4
Average of two periods, June 30 and Sept. 30 (no report made for Dec, 31).




102
Table 80.—PUBLIC UTILITIES
TELEPHONE
COMPANIES i

YEAR AND MONTH

Total
operating
revenues

Net
operating
income

TELEGRAPH
COMPANIES i

Telegraph
and
cable
operating
revenues

Commercial
tele-

•SI?

GAS AND
ELECTRIC
COMPANIES 2

Energy produced

Operating
income

Gross
earnings

Net
earnings

ELECTRIC
RAILWAYS

ELECTRIC POWER STATIONS

Gross
revenue
sales 3

By
water
power

Total

Thousands of dollars

By

fuels

4

Passen- Avergers
age
In carried « fares
In
mfg.
central pl'ts,
sta- street
tions rys., 212 com- 50companies panies
etc.
Thous. of
persons

Millions of kilowatt hours

Cents

$1,711
1,282
1,636

$35, 874
37, 581
38, 629
42, 275
46, 534
51, 564
58, 981

$14, 128
14, 817
15, 057
16, 367
16,001
15, 250
16, 159

$26, 017
28, 067
30, 100
35, 458
44, 925
55, 442
60,083

3,243

1,217

2,026

11, 698
10, 371
10, 608
11, 153
11, 210
12, 598
13, 372

1,438
1,265
1,697
1,583
1,548
1,796
1,772

71, 095
73, 859
77, 587
84, 188
88, 485
95, 372
101, 457

17, 762
20, 571
22, 951
25, 351
26, 866
31,045
33, 971

73, 575
81,066
90,825
105, 796
112, 969
122, 365
139, 175

3,630
3,415
3,971
4,639
4,918
5,489
6,149

1,346
1,248
1,434
1,612
1,664
1,863
2,182

2,284
2,167
2,537
3,027
3,254
3,626
3,967

3,331
3,083
3,629
4,269
4,535
5,096
5,758

336
333
342
379
383
393
391

784, 893
784, 896
792, 790

7.36
7.29
7.39
7.55
7.69

10, 430
9,837
11, 276
10, 564

12, 767
12, 073
13, 836
12, 980

1,450
1,226
2,092
1,611

106, 890
99, 634
102, 483
100,904

37, 501
33, 791
35, 079
33,954

150, 500
145, 400
141, 800
139, 800

6,159
5,629
6,178
5,812

1,984
1,922
2,287
2,346

4,175
3,698
3,891
3,466

5,721
5,218
5,756
5,429

438
411
422
383

820, 072
753, 791
831, 238
802, 890

7.62
7.65
7.65
7.67

13, 785
14, 404
13, 261
13, 713

10, 615
11, 085
10, 822
11, 109

13, 177
13, 644
13, 386
13,663

1,659
1,945
1,662
2,351

98, 381
97, 781
94, 967
93, 920

32, 171
32, 499
27, 872
27, 649

131, 600
129, 700
127, 200
127, 800

5,849
5, 920
5,955
6,175

2,342
2,258
2,023
2,098

3,507
3,662
3,932
4,077

5,477
5,551
5,600
5,807

372
369
355
368

810, 275
783, 702
764, 509
749, 592

7.67
7.69
7.69
7.69

62, 009
62, 641
62, 363
64, 766

14, 848
15, 920
15, 941
16, 261

11, 654
12,205
10, 321
11, 032

14, 338
13, 998
12, 879
13, 726

2,255
1,678
1,626
1,712

97, 822
104, 700
106, 481
113, 516

32, 736
34, 939
37, 241
42, 217

132, 300
141, 300
148,000
154,700

6,221
6,594
6,482
6,817

2,078
2,181
2,255
2,405

4,143
4,413
4,227
4,412

5,867
6,214
6,085
6,376

354
380
397
441

742,
807,
791,
855,

932
261
386
835

7.71
7.71
7.74
7.74

64, 140
61, 634
65, 679
65, 163

16, 517
15, 329
16, 892
16, 650

10, 074
9,549
10, 944
10, 636

12, 557
11, 873
13, 489
13, 152

1,338
1,336
2,297
1,956

113, 157
105,906
108, 630
106, 789

40, 018
36, 267
36, 691
36, 198

161, 200
147, 600
146, 300
145, 300

6,730
6,081
6,717
6,371

2,354
2,196
2,587
2,530

4,376
3,885
4,130
3,841

6,303
5,707
6,312
6,005

427
374
402
366

831, 635
756, 806
833, 316
800, 722

7.76
7.78
7.82
7.82

65, 748

1920
1921
1922
1923
1924
1925
1926

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average.. __
monthly average

16, 130

10, 697

13, 321

1,864

140, 300

6,516

2,632

3,883

6,153

363

802, 172
768 968

7.83
7.85
7.90

$3, 710
3,709
4,139
4,785
4, 700
4, 649
5,104

$5, 898
6,287
7,596

$7, 674
8,477
10, 095

30, 320
36, 265
40, 204
44,106
48, 412
54, 313
60, 483

5, 415
7, 573
8,882
10, 015
10, 555
12, 988
14, 560

9,113
8,043
8,435
9,027
9,085
10, 245
10, 913

14, 115
13, 748
14, 056
14, 669

59, 699
60, 302
60, 119
60, 097

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

$13, 132
13, 722
14, 527
16, 452
18, 700
20, 225
24, 635

58, 189
" 56, 509
59, 581
59, 521

1913
1914
1915
1916
1917
1918
1919

1926
Januarv
February
March
April

_

May
June
-_
July
August

-

-_

September
October
November.
December

__

1927
January
February
March
April

May
June
July .
August
September
October
November
December

_

__
_

ll
1

Telephone earnings are the combined reports of 12 largest telephone companies, reduced from 13 companies, due to a consolidation 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 a lack 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 do 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.
4
Production of electric power by central stations from U. S. Department of the Interior, Geological Suwey. 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, from that produced in
connection with street railways, manufacturing 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.
« 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.




103

Table 81.—EMPLOYMENT—INDUSTRIAL, RAILWAY, MINING, AND FEDERAL
RAILWAYS 2

INDUSTRIAL 1
Iron
Food Texand
and
tiles
steel
Total
kinand
YEAR AND
and
12
MONTH groups dred their their
prod- prod- products
ucts
ucts

Lumber
and
its
manufacture

ChemLeather and Paper icals
its fin- and
and
ished print- other
prodproding
ucts
ucts

Stone, Nonclay,
ferand
rous
glass metprod- als e
ucts

Vehi-

Tocles
bacco
for
manland
ufac- transture porta-

tion

pay

NUMERICAL DATA

INDEX NUMBERS RELATIVE TO 1923
1914m. a..
1915 m. a
1916 m a
1917m a
1918m. a_ .
1919m. a_ .
1920m. a__

U.S.

GOVT.
ANEm- Aver- THRA- WASHINGCITE
ploy- age
Miscel- ees on hour- MINES ^ TON
(civillanely
ian) *
ous
roll wage
industries
Thou- DolNumber employed
sands
lars

OHIO CONSTRUCTION 5

[Index numbers for base year in bold-faced type]

Employ

Rel.
to 1923

7

94. 9
97.0
110 4
115 0
114.0
108.2
109.9

85. 1
1921 m a
88.4
1922m. a..
1923m. a.. 100.0
90.3
1924m. a..
91.2
1925m. a..
91.9
1926m. a. _

1,647 $0. 276
1,733 .313
1.842
.463
1,913 .557
2,013 .667
(13)
12 91. 5 12 95. 4 12 84. 7 "96.1 12 98. 4 12 95. 1 12 92. 6 12 96. 3
12 106. 2 12 83. 7 12 89. 8
100.0
1OO.O 100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
92.7
88.2
86.3
94.8
100.2
96.7
94.0
95.6
91.6
87.8
88.6
90.6
94.2
87.3
93.1
97.6 ' 96.7
92.0
90.9
87.3
91.6
100.8
91.0
92.0
97.5
92.0
98.4
99.7
89.8
86.1
90.8
103.6
85.6
91.2
96.8
90.3

8

99, 970
92, 237

1,661
1,645
1,880
1,777
1,769
1,806

.665 9 156, 008
.618 1° 152, 874
.615
153, 873
.628
153, 383
.634 11 152, 419
.641 i* 153, 621

80, 838
71, 061
66, 214
64, 755
63, 703
60, 505

82
100
93
97
90

1936
Jan
Feb
Mar
Apr
_ __

92.3
93.3
93.7
92.8

90.3
89.4
88.3
85.6

89.8
90.1
90.0
87.9

90.5
92.6
93.1
93.4

89.2
89.5
89.7
91.7

91.0
92.6
91.4
87.1

103.2
102.4
103.1
102.5

98.0
100.5
105.2
103.4

93.5
94.3
96.3
99.2

100.2
101.8
102.9
101.0

85.0
89.0
88.2
84.4

92.7
94.3
96.1
95.3

97.0
98.4
98.3
96.6

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
64
71

May
June
July
Aug

91.7
91.3
89.8
90.7

86.8
88.7
89.2
89.8

85.7
84.0
80.2
81.5

92.6
92.8
91.4
91.8

91.9
92.1
91.6
92.4

85.7
85.3
88.5
92.4

102.6
102.5
102.1
102.3

95.3
93.7
93.2
94.7

102.3
104.0
100.8
102.9

98.5
96.3
94.3
94.5

84.0
86.7
83.7
81.2

93.5
92.1
90.8
91.4

95.5
94.8
93.4
94.6

1,809
1,834
1,857
1,853

.635
.630
.631
.633

155,
154,
156,
157,

61, 036
60, 811
60, 435
60, 270

82
100
108
108

Sept
Oct
Nov
Dec

92.2
92.5
91.4
90.9

92.4
94.3
92.4
90.4

84.2
86.4
86.1
87.7

92.6
92.8
90.5
89.8

91.8
91.5
90.2
88.2

93.9
93.5
92.0
90.9

104.0
105.4
106.6
106.1

100.3
100.2
99.2
97.0

103.6
102.4
100.9
96.4

95.7
96.0
95.4
93.6

85.1
87.3
86.8
86.5

91.3
89.0
85.1
82.6

96.4
97.5
98.6
101.0

1,855
1,866
1,828
1,774

.642
.639
.648
.653

59, 849
59, 618
59, 489
^ 59,569

112
101
94
85

1927
Jan
Feb
Mar
Apr

89.4
91.0
91.4
90.6

88.5
88.1
87.2
86.0

88.1
89.7
89.7
88.3

88.1
89.8
90.3
89.4

84.0
83.2
82.9
82.8

91.6
92.1
91.6
87.1

104.3
104.4
104.4
103.6

98.3
100.0
105.0
105.2

89.4
91.1
94.8
97.8

92.4
92.5
94.6
93.9

77.8
83.6
83.5
81.6

81.2
85.3
86.3
86.8

100.7
102.5
102.5
101.8

1,724
1,721
1,731
1,758

.659
.672
.647
.645

59, 615
59, 502
59, 591
59, 772

62
69
66
65

89.7
89.1

86.6
90.7

86.8
86.0

88.1
86.9

83.8
84.0

85.5
85.2

102.8
102.4

94.3
90.3

98.9
99.0

93.5
90.7

82.4
84.6

86.9
' 85.1

100.2
98.7

59, 879

69
77

May
June
July
Aug

798
716
274
308

Sept
Oct
Nov
Dec
1
Compiled by the U. S. 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 t?ken from the payroll 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.
2
Compiled from reports of Class I carriers and 15 switching and terminal companies to the Interstate Commerce Commission. 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.
3
Compiled by the Anthracite Bureau of Information, and includes miners, miners' laborers, inside and outside company men, and all other employees at colleries. These
classes are shown separately in the association's report.
4
Compiled by the U. S. Civil 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.
6
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, approximating 120; allowance for the changing number, of firms is made through link relatives each month.
The 88 firms used 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, laborers,
and 6foremen, 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.
Includes stamped and enameled ware and brass, bronze, and copper products.
7
Average for last 7 months of year, earlier data not available.
8
Nine months' average, April to December, inclusive.
9
Average of last 3 months of the year.
10
Average of 6 months; data for the 6-month period, March to September, not available on account of strike.
11
Average for first 7 months of year; later data not available on account of shut down of mines.
12
Average of last 6 months of the year.
» Data for this group not available in 1922.
14
Average of 7 months, February to August, inclusive; data for other months not available.




104

Table 82.—FACTORY EMPLOYMENT, BY STATES AND CITIES
[Base year iiTboIdface type]
CANADIAN
EMPLOYMENT i

EMPLOYEES ON PAY ROLL

YEAR
AND

MasNew
sachu- York 3
setts 2

New Penn- Dela- Illi4
5
Jer- sylsey ^ vania ^ ware nois

Wisconsin s

Detroit 7

EmNew
ploy, Trade
index unions York 3

Rel. to
1915 s

Rel. to
1920

Rel. to EmJan., ployed
1920

MONTH
Relative to
1914

Rel. to
1922

Relative to 1923

P. ct.

RELATIVE NUMBERS
1914 m.a- 100.0
98.3
1915 m.a.
112.5
1916 m.a_
1917 m.a. 116.8
118.5
1918 m.a_
1919 m.a. 117.6
114.7
1920 m.a.

100.0

95.4
101.0
107. 2
91.2
92.2
90.8

97.1
104.6
105.7
105.4
104.8
105.0

1926
Jan
Feb
Mar
Apr

94.0
95.3
96.3
93.9

May
June
July
Aug

1921 m.a.
1922 m.a.
1923 m.a.
1924 m.a.
1925 m.a1926 m.a.

9

s 105.0
128.0
136.0
140 0
136 0
135.0

103.3
121.1
126.4
128.5
119.9
124.3

1OO.O

94.3
106.8
124.1
117.5
122.2
122.7

59.0
97.8
131.5
122.4
139.0
138.1

87.0
88.6
94.8
91.9
93.0
98.8

EMPLOYEES TOTAL
PAY
ON PAY ROLL ROLL

TOTAL PAY ROLLS

Rel. to
1914

New Penn- Dela4
Jer- sylsey ^ vania 4 ware

Wisconsin 6

Detroit ?

Relative to 1923

Rel. to

Number Thou- Thous.of
sands dollars

19158

RELATIVE NUMBERS

NUMERICAL DATA

165, 641

614
573
594

$5,942
6,377
8,366
9,892
12, 481
13, 468
16, 711

82
85

191.0
210.2
270.0
261.6
285.3
282.0

97, 784
162, 018
217, 790
202, 810
230, 277
228, 677

464
500
553
504
501
502

11, 943
12, 524
15, 074
13, 967
14, 159
14, 558

100.0
107.3
140.8
166.5
210.1
226.7
281.2

8 112.O
160 0
198 0
258 0
284 0
342.0

87.5
93.0
95.1
93.0
93.0
94.9

201.0
210.8
253.7
235.1
238.3
245.0

100
90
91
101

100

92.1

10 98. 1
10 98. 1
98.5
96.6
niOO.O 95.4

New York
State s

478
494
579

eo4

90
90
96

89
91
92

80
81
82

100.0
110.4
101.1
97.9
101.2

107.1
107.7
107.9
106.5

96
96
95
93

92
93
93
92

84
87
87
86

99.7
101.3
101.7
101.4

123.2
125.3
124.8
123.4

159.3
164.2
163.0
151.9

90.7
91.5
91.4
94.3

91.9
91.9
92.7
92.7

250.2
247.9
252.4
247.3

99
98
99
97

91
95
96
94

87
90
89
89

282.3
302.3
302.9
298.7

263, 842
271, 927
269, 959
251, 578

512
515
516
509

14, 868
14, 731
14,997
14, 695

91.0
88.2
83.0
86.6

104.2
103.8
101.5
102.3

91
90
92
93

91
91
90
91

83
81
81
82

101.1
101.0
101.1
100.7

121.7
121.2
125.8
125.9

147.1
135.7
141.2
144.3

101.0
103.7
104.2
104.9

95.1
95.9
97.7
97.5

240.6
242.2
235. 0
237.3

95
96
96
98

93
93
88
91

85
85
80
81

285.3
280.7
270.6
282.0

243, 577
224, 837
233, 947
239, 099

498
496
485
489

14, 299
14, 390
13, 968
14, 103

Sept....
Oct
Nov
Dec

90.0
90.8
90.6
89.5

104.6
105.9
104.6
103.6

100
100
101
100

93
94
93
91

82
78
77
80

102.9
102.4
101.1
99.7

123.9
121.0
119.2
116.5

141.3
131.2
124.4
53.0

105.2
102.8
101.1
94.8

96.7
97.4
95.3
94.1

246.8
250.0
245.0
245.4

106
110
109
111

93
98
95
96

83
82
83
86

278.0
285.5
262.1
253.7

234, 000
217, 389
206, 123
87, 842

500
506
500
495

14, 664
14, 853
14, 558
14, 584

1927
Jan
Feb
Mar
Apr

88.9
90.4
89.5
87.4

101.7
102.7
103.3
101.9

100
100
99
97

89
89
90
87

80
81
79
76

97.8
98.4
98.1
97.5

115.4
118.7
119.4
117.3

130.2
134.9
136.6
136.5

93.6
95.4
93.5
96.3
96.2 • 94.3
100.6
94.0

241.2
243.4
247.7
239.2

107
109
108
106

90
94
94
92

83
85
83
80

251.2
274.1
273.0
268.1

215, 601
223, 409
226, 308
226, 152

486
491
494
487

14, 331
14, 465
14, 717
14,214

85.9
84.1

100.4
100.2

94
94

87
86

74
72

96.9
96.6

115.2

124.1
114.3

235.8
235.2

102
103

89
87

78
75

259.3

205, 560
189, 398

480

14, 010
13, 977

M!ay
June
July
Aug

ioo 100 10O

86
90
93

100
81

Sept
Oct
Nov
Dec
1
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.
2
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 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.
s 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.
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. Since
August, 1926, figures for New Jersey are from the New Jersey Department of Labor.
« 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 15th of the month.
e 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.
? 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.
s Relative to first quarter of 1915.
9 December only.
10 Average of four quarters, March, June, September, and December.
" January, 1920.




105

monthly av_
monthly av
monthly av
monthly av.
monthly av_
monthly va
monthly av.

20
23
28
36
41

20
25
31
39
41

20
24
30
38
41

14
16
21
27
32

1920
1921
1922
1923
1924
1925
1926

monthly av
monthly av_
monthly av_
monthly av.
monthly av_
monthly av_
monthly av_

49
36
32
38
38
38
39

49
38
39
51
50
46
50

50
35
36
45
45
45
46

37
38
39
39

45
57
56
54

46
42
46
46

38
38
39
39

50
46
48
48

September
October
_.
November
December _ _

39
39
39
40

1927
January
February
March
April-

_

May
June
July
August.

May
June
July.
August-

_

___

„

States

Southern
States

Central

Eastern
States

FARM WAGES
without
board) 4

16
17
21
28
36

21
24
29
39
43

25
28
34
45
53

26
29
36
44
47

26
28
36
45
52

32
37
26 ' 25
21
20
22
25
24
28
25
27
30
25

40
28
24
25
27
27
27

53
35
31
39
40
37
38

62
45
31
34
36
38
36

55
46
37
42
41
44
43

60
50
48
54
52
52
50

44
39
33
42
50
50
50

65.05
192.0
43.58
151.0
42.09
123.3
46.74
138.5
47.22
145.8
131.8 • 47.80
48.87
132.0

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

44
45
47
47

29
28
27
33

25
25
25
24

27
27
26
28

37
38
37
37

36
36
37
36

44
45
46
42

53
53
52
52

50
50
50
50

133.0
133.0
133.0
133.0

49
49
49
54

47
47
49
50

39
27
31
36

25
25
25
24

26
29
28
27

37
39
40
40

36
36
37
35

44
42
43
40

52
52
52
52

50
50
50
50

133.0
133. 0
133.0
133.0

37
41
39
39

1926
January
February
March
April

U.S.
average

44
50
51
49

46
50
51
47

24
39
32
25

24
24
24
25

27
32
26
34

39
44
39
38

38
37
37
38

43
41
42
43

51
53
52
52

50
50
50
50

133.0
133.0
128.5
128.5

38
39

49
51

46
46

27
29

24
25

26
26

37
38

38
38

45
44

50
54

50

125.5
125. 5

160.0
191.8
174.0

CANADIAN EMPLOYMENT e

£ f l J Workers
regis>%$
tered
£ 00

Jobs
registered

Number

$30 21
29.72
29.97
32.58
40.19
49.13
56.77

20
20
20
23
30
37
42

12
13
17
23
28 .

EMPLOYMENT AGENCIES «

Per ct. Dollars
base scale per mo. Number of applicants per 100 jobs

Cents per hour
1913
1914
1915
1916
1917
1918
1919

YOUNGSTOWN DIST.
(wages of
steel workers)3

Pacific

Mountain

West
North

Central

East
North

II*

Central

1

Central

« B

III

East
South

iii
£H£ n3

Central

U.S.
average

YEAR AND
MONTH

West
South

WAGES OF COMMON LABOR
by geographic divisions *

U. S. STEEL
CORP. WAGE
RATES 2

Table 83.—WAGES AND EMPLOYMENT AGENCIES

48.40

49.89

50.10

47.07

48.47

49.52

70
60
69
64
66

41, 533
44, 240
45,690
49, 098
43, 281
43, 681
45, 206

40, 165
35, 002
39, 157
45, 082
34, 339
38, 384
38, 081

139
120
114
137

75
75
64
62

35, 988
29, 414
37, 664
42, 029

20, 699
19, 823
27, 802
36, 166

138
174
139
128

103
109
107
81

56
54
78
62

43, 209
42, 191
42, 763
78, 519

36, 966
36, 103
37, 851
77, 501

105
112
122
135

118
122
139
157

85
72
102
121

58
65
68
78

60, 692
50, 838
42, 917
36, 245

64, 106
44, 120
29,551
26, 287

160
158
137
119

156
162
146
122

203
191
165
140

146
155
125
111

78
72
67
62

35, 675
29, 678
35, 993
41,077

22, 922
20, 188
24, 657
33, 199

118
137

121
149

137
163

119
125

61
65

235
146
131
180
175
159

7 164
125
109
130
122
108

795

138
108
117
114

237
222
185
157

115
130
120
106

113
123
128
118

100
104
120
134

7173
127
105
143
140
127

M31
106
100
127
122
119

174
158
137
126

7

September
October
November
December.
1
Compiled by the U. S. Department of Agriculture, Bureau of Public Roads. The current dsta beginning January, 1922, are compiled directly from Federal aid project
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 10-hour
workers amounting to only 30 per cent of the total.
3 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
price of steel sheets for the same period, appeared in the May, 1926, issue (No. 57) of THE SURVEY, p. 13.
4
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 1 he detailed reports published in Crops and Markets.
6
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
repors, 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 mpnufacturing 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.




106

Table 84.—WEEKLY EARNINGS OF FACTORY LABOR

Relative to
1914

Relative to July, 1914

Relative to
1923

Rel. to Rel. to
1922
1915

monthly average. 7 100. 0 7 100. 0 7 100. 0 7 100. 0 7 100. 0
monthly average .
monthly average _
monthly average .
monthly average
monthly average.

100.0
103.2
116.6
134.7
167.8
190.8

monthly average _ 9 235. 4 9 238. 5 9 235. 2 9 253. 1 9 233. 0
monthly average
188.0 188.3 187.5 191.2 205.0
monthly average _ 10 191. 9 10 193. 2 10 193. 7 10 191. 7 10 204. 0
monthly average. 211.3 212.6 212.7 211.1 222.7
monthly average. 209.5 212.9 212.1 213.4 215.4
monthly average. 214.8 220.0 218.2 220.5 220.3
monthly average. 216.7 222.6 220.3 223.5 220.2

227.6
196.8
196. 6
229.9
229.4
229.4
230.7

225.6
206.1
200.6
218.3
221.8
226.4
232.5

NUMERICAL DATA

100.0
103.0
115.6
131.2
163.1
188.3

1920
1921
1922
1923
1924
1925
1926

WISCONSIN c

Dollars

RELATIVE NUMBERS
1914
1915
1916
1917
1918
1919

£

ILLINOIS s

|
"o
H

5

NEW YORK STATE «

1

•d
a

Women

*

Unskilled

£
1
&

Wisconsin 6

Men

>a

|
1

Iliinois *

Massachusetts2

1
EH

Women

•d
a
5

Skilled

a
YEAR AND MONTH

Unskilled

Men

3

U. S. TO TALS, 23 INDUSTRIES 1

Delaware 4

BY STATES

U. S. TOTALS, 23 INDUSTRIES 1

Pennsylvania <

[Base year in bold-faced type]

s $106.0
125.0
146.0
186.0
209.0

100
100
101
106

i 100. 0
109.6
111.5
113.1
116.1

7 $12. 54 7$13.30 7 $14. 16 7 $10. 71 7 $7. 84 $12. 48
12.85
14.43
16.37
20.35
23.50

254.0 929.51 9 31. 72 9 33. 31 9 27. 11 9
202.3 23.57 25.05 26.55 20.48
196.3 10 24. 06 10 25. 69 10 27. 42 10 20. 53 10
218.0 26.50 28.27 30.12 22.61
222.7 26.27 28.31 30.04 22.86
233.1 26.94 29.26 30.90 23.62
233.1 27.17 29.61 31.20 23.94

18. 27
16.07
15. 99
17.46
16.89
17.27
17.26

$28. 58
28.15
25.72
22.80
25.04 to 24. 70 21.66
27.24 27.07 23.97
27.68 27.55 24.40
28.26 27.93 25.56
29.02 28.67 25.67

100
97
98
101

100
101
99
101

114.3 228.6
118.4 240.5
116.1 241.9
116.9 241.2

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
28.61
29.04
28.85

28.24
29.25
28.68
28.87

I

.1936.
January __ _ _
February
March
April .

232.8
229.2
232.7
231.2

103
103
104
104

99
102
103
102

102
101
101
102

223.2 218.0
225.4 217.7
221.0 220.5
222.3 215.7

229.4 229.9
227.8 232.3
227.6 230.8
230.8 231.3

105
107
105
106

101
102
97
99

101
103
97
97

117.1 240.9
117.5 236.6
113.2 219.8
115.9 228.8

27.13
27.06
26.78
26.76

29.61
29.78
29.21
29.39

31.21 23.91
31.38 24.14
30.76 23.67
30.91 23.81

17.09
17.07
17.29
16.91

28.69
28.99
28.80
28.86

28.92
29.02
27.96
28.62

215.9
216.5

224.4
226.7
222.2
220.4

221.2
225.0
221.8
221.4

231.1 234.9
229.9 235.1
232.0 233.6
231.5 236.1

106
110
108
111

99
104
101
104

99
103
105
106

113.2
117.5
115.7
116.9

229.3
241.2
225.0
223.0

27.38
27.43
27.14
27.05

29.83
29.79
29.13
29.12

31.39
31.26
30.57
30.66

24.03
24.28
23.80
23.61

17.34
17.64
17.39
17.36

29.31
29.34
29.15
29.47

27.95
29.03
28.58
28.87

25.32
26.62
24.84

222.3 218.4
226.8 223.2
225.6 221.7
225.8 222.5

230.5
232.8
232.7
229.7

220.0
221.7
223.0
221.8

228.3
233.3
234.2
234.9

236.5
235.5
238.6
233.7

108
110
110
110

101
105
105
105

102
103
104
104

114.3
116.8
116.3
117.7

222.8
236.2
233.8
233.8

27.26
27.68
27.53
27.39

29.57
30.17
30.00
30.03

30.93
31.61
31.39
31.50

24.69
24.93
24.92
24.60

17.25
17.38
17.48
17.39

29.52
29.45
29.78
29.17

28.23
28.85
28.72
29.07

24.58
26.06
25.80

234.7
431.9

233.8
233.7

109
110

102
102

104
103

115.8
118 5

230.3

29.18
29.17

28.60 25.52
26.05

215.9
219.2
219.2
217.4

221.6
225.9
226.5
224.6

220.1

216.3
215.8
213.6
213.4

222.6
223.9
219.6
221.0

220.4

September
October
November
December

218.3
218.7
216.4
215.7

224.3
224.0
219.0
218.9

221.7

.1937.
January
February
March
April

217.4
220.7
219.5
218.4

May
June
July
August..

May
June
July
August

_

224.5
224.7
222.5

221.6
217.2
218.3

220.7

221.8
224.5
226.1
224.2

217.7
220.8
220.7
221.7

231.8
232.3
234.6
229.9

25.10
26.41

26.56
26.47
26.45
26.13

24.27
25.27

24.61

25.81

September
October
November
December
1
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 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
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 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.
3 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.
< 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. Since
August, 1926, figures for New Jersey are from New Jersey State Department of Labor.
* 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. Monthly data on earnings since July, 1922, were given in the March, 1927, issue
(No. 667), p. 25.
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. Monthly data on earnings since July, 1920, were given in the March,
1927, issue (No. 67), p. 25.
7
9
July, 1914.
8 Relative to first quarter of 1915.
Average of last 7 months of the year.
n
<° Average of last six months of the year.
Relative to last 6 months of 1922.




107
Table 85.—PAY ROLL AND HOURS IN FACTORIES
PAY-ROLL INDEXES i

Total,
13
groups

YEAR AND MONTH

Food
and
kindred
products

Textiles
and
their
products

HOURS
OF WORK 2

VehiLum- Leather
Iron
Chem- Stone,
Tober
cles Misceland
and
clay,
laneand its fin- Paper icals
Non- bacco
for
steel
and
and
and ferrous manu- land
its
ous
and
ished
other
glass
their manu- prod- print- prod- prod- metals 3 factrans- indus- Nomi- Actual
ing
nal
prodfacture porta- tries
ucts
ucts
ucts
ture
tion
ucts
HOURS PER
WEEK

INDEX NUMBERS RELATIVE TO 1923
1914 July
125.9
1920 monthly average
1921 monthly average _
80.0
1922 monthly average.. . 79.9
1923 monthly average.. . 100.0
1924 monthly average... 90.6
1925 monthly average.. . 93.6
1926 monthly average... 95.8

4

55.0
50.0
49.7

4

51.5
48. 7
45.5

592.3

589.6

585.8

88.3
89.4
87.8

100.0
101.3
103.5
106.4

6 107. 9
100.0
95.6
92.7
87.7

578.1
100.0
87.5
93 5
92.8

681.9
100.0
90.6
94.6
101.9

649.2

100.0
92.7
95.9
101.8

(6)
100.0
91.6
97.9
98.5

550.0

100.0
102.2
102.9
111.5

49.9
49.7
49.9
49.8

49.2
46.8
48.2
48.2

90.1
96.4
97.9
97.3

91.5
95.8
96.0
87.9

104.7
104.4
106.0
104.2

90.9
94.0
100.3
98.7

92.0
98.0
101.9
104.9

95.0
98.1
99.9
94.9

95.8
89.3
90.4
76.1

7k 9
92.3
95.6
96.8

91.9
96.1
98.1
97.0

49.8
49.9
49.9
49.9

48.5 '
48.6
48.6
48.2

91.7
88.7
84.5
86.8

98.4
100.2
96.6
97.1

87.0
82.3
85.2
94.2

103.7
102.6
101.4
101.6

93.9
91.0
91.6
93.9

106.9
106.0
99.1
105.4

97.9
97.0
94.1
98.3

92.8
92.3
90.2
91.9

96.8
92.6
90.2
89.9

99.1
92.8
91.2
93.1

50.1
49.8
49.8
50.1

48.1
47.4
47.5
47.5

83.2
90.3
89.6
90.0

85.4
92.4
92.9
96.9

99.7
102.4
100.9
99.8

90.6
92.0
85.4
84.3

102.5
108.0
110.4
112.5

95.6
99.8
100.5
100.6

103.4
109.1
108.8
106.3

92.6
99.2
102.3
105.7

91.9
99.0
100.6
101.2

90.9
99.5
101.0
96.9

90.6
93.2
93.0
98.9

50.0
50.0
49.7
49.9

48.3
48.3
48.5
49.1

94.1
92.9
91.9
88.6

90.8
93.0
93.0
87.2

94.8
98.8
100.7
99.8

90.9
95.7
96.3
97.1

86.9
91.1
90.2
82.2

110.0
109.7
111.7
111.0

100.2
100.8
105.8
104.8

97.7
100.8
103.8
105.0

101.3
104.0
106.9
103.6

87.7
85.9
90.1
83.9

86.0
97.6
100.2
99.4

100.4
102.0
102.9
102.9

49.9
49.8
50.1
50.4

48.5
48.9
49.0
48.5

95.6
95.5
91.2
94.6

91.8
93.9
93.5
93.5

83.1
81.4
76.2
80.6

98.2
98.4
2.8
94.8

98.3
100.0
95.4
99.6

79.4
82.7
86.8
93.7

111.0
110.8
108.5
109.2

100.0
100.0
96.9
98.9

110.1
112.4
104.0
110.5

99.9
97.5
91.9
94.0

83.3
88.6
85.2
84.4

96.8
94.7
88.3
94.7

100.2
100.3
97.0
99.5

49.9
50.0
49.6
49.6

48.1
47.9
47.6
47.5

September
October
November
December _ .

95.1
98.6
95.4
95.6

96.3
97.9
95.8
95.2

82.9
88.1
84.8
89.2

96.0
99.4
96.0
96.3

100.2
102.0
100.0
96.4

93.6
93.6
87.4
86.0'

110.8
114.2
115.0
116.3

102.5
104.6
103.6
103.5

108.1
111.2
108.9
104.8

93.6
98.0
95.7
95.6

89.1
92.9
91.9
89.8

91.3
94.2
87.9
82.3

99.3
105.3
102.9
109.7

49.6
49.8
49.6
49.4

48.4
48.6
47.9
47.8

1927
January
February
March
April

90.9
96.4
97.7
96.6

92.7
92.1
91.0
90.0

88.8
94.0
94.0
88.9

90.9
96.4
97.8
96.4

87.1
89.3
90.6
89.5

87.3
92.3
90.0
84.2

112.7
113.3
114.2
113.0

101.9
106.0
110.0
109.5

91.8
98.2
102.8
105.8

91.9
95.2
97.9
91.3

77.6
80.6
82.1
79.0

73.6
88.8
91.3
93.1

107.2
109.2
111.4
113.3

49.5
49.5
49.6
50.4

48.2
48.6
48.5
48.1

95.6
93.3

92.7
96.4

87.0
86.2

93.5
91.8

92.7
92.7

81.8
82.5

112.6
111.0

100.2
100.0

107.9
105.6

95.1
91.5

84.6
87.8

94.2
85.8

109. Z
104.9

584.1
100.0
97.9
93.7
93.8

589.3

575.5

«88.5

100.0
86.8
89.5
85.9

100.0
86.6
90.6
97.2

100.0
97.3
98.1
97.7

90.0
95.1
96.6
94.2

96.0
94.6
92.6
87.6

91.8
96.1
97.0
91.1

89.7
93.1
94.0
91.2

94.4
91.7
89.6
91.4

90.4
93.3
92.8
92.8

87.8
84.8
84.9
87.2

September
October
November
December

90.4
96.2
96.2
97.3

93.0
97.5
97.1
96.7

1926
January
February
March
April

93.9
97.9
99.1
97.2

1925
January
February
March
April
May

June _.
July.
August

...

..

May

June
July
August

-_.

May .. __
June
July
August

September
October
November
December

595.2
100.0

__

1

_.

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 the 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 2 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.
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.
4 Includes enameled ware and brass, bronze, and copper products.
Average of last 7 months of the year.
6 Average of last 6 months of the year.
6
Data for this group not available in 1922.




108

Table 86.—FACTORY TIME OPERATIONS
Total,
13
groups *

YEAR AND MONTH

Food Textiles
and
and
kintheir
dred
prodproducts
ucts

Iron
and
steel
and
their
products

Lum- Leather Paper
and
ber
and
and its its fin- printished
manu- proding
facture ucts

VehiChem- Stone,
Tocles
Miscel- Ratio,
clay,
icals
actual
Non- bacco
for
laneand
and ferrous manu- land
time to
ous
other
glass metals * factrans- indus- capacprodprodity 2
portature
tries
ucts
ucts
tion

AVERAGE PER CENT OF FULL TIME OPERATED

Per cent!j
1

1924 monthly average 3
1925 monthly average
1926 monthly average

91
93
95

87
88
93

88
93
94

89
93
96

94
95
97

90
91
93

95
95
97

90
95
97

92
91
94

90
96
96

91
92
95

93
96
97

92
94
96

72
77
82

93
92
96
97

88
88
95
96

91
88
92
94

94
93
97
97

95
95
97
98

90
90
93
98

96
96
97
97

95
96
98
99

93
93
98
97

96
95
96
97

93
94
96
98

97
96
98
98

96
94
97
97

80
78
83
84

98
98
97
97

98
99
98
98

96
98
97
97

97
97
96
97

99
99
99
98

96
96
92
92

99
99
99
99

100
99
99
98

98
97
98
97

97
98
96
97

97
97
97
97

98
98
98
98

98
98
97
97

86
86
84
84

January
February
March
April

96
97
97
97

97
96
96
95

97
99
98
98

95
96
96
96

96
97
97
97

96
97
96
95

99
99
98
98

98
97
99
99

92
96
97
96

96
98
98
97

97
93
92
90

98
98
98
99

96
96
96
97

83
84
85
85

May
June
July
August

97

96

98

95

96

95

98

97

98

97

91

98

96

84

1926
May
June
July
August

__

September
October
November
December

_ _

_

.

1937

-

September
October
November
December
1

AVERAGE PER CENT OF FULL CAPACITY OPERATED
1924 monthly average 3
1925 monthly average
1926 monthly average

70
76
82

87
89
89

73
82
87

89
92
94

76
78
80

84
85
88

69
80
84

77
83
87

82
86
89

73
78
84

86
84
83
85

81
81
81
82

88
88
91
90

84
82
84
88

94
92
93
93

74
72
72
80

91
91
91
90

84
82
82
82

88
84
85
87

89
87
89
88

86
80
85
84

91
92
89
87

87
89
89
88

82
82
82
86

89
89
88
88

91
91
90
88

94
95
95
95

83
82
78
75

88
87
86
81

82
82
82
84

86
90
88
86

88
88
88
88

86
87
86
85

86
87.
88
88

85
85
85
85

89
91
91
91

84
86
86
86

85
84
85
85

88
89
91
87

95
94
95
94

77
80
90
91

78
79
83
87

82
84
87
87

84
87
88
87-

86
88
90
90

84
86
86
87

87

87

90

84

84

86

94

75

89

84

87

90

85

79
83
87

78
82
88

78
85
87

M!ay
June
July
August

86
85
86
87

86
86
90
89

September
October
November
December

88
88
87
87

January
February
March
April
May
June
July
August

.

1936

1927

September
October
November
December
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 month by the Bureau of Labor Statistics.
2 These data, compiled by multiplying the percentage of capacity operated, as shown in the first column of 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.

* Includes enameled ware, bronze, and copper products.



109

Table 87.—NATIONAL ADVERTISING IN NEWSPAPERS
Total

YEAR
AND

Automobile
advertising

MONTH

Toilet
Bailarticles Woroads
and
and
Shoes medical men's
steamprepa- wear
ships
rations

Food,
Auto- Cigars,
HouseMusi- Radio
cigamobile rettes, Finan- grocer- Hotels hold Men's cal
and
ies,
and furni- cloth- instru- elecaccescial
and
bever- resprts ture
ing ments trical
sories tobacco
ages

Miscellaneous

Thousands of lines
1925m.a.2.
1926m. a .

24, 730
29, 034

4,624
5,912

1,259
1,526

2,354

932
867

3,563
3,682

530
429

592
589

331
323

154
207

1,294
1,448

1,748
1,991

217
175

4,289
5,358

158
154

3,409
3, 936

1935
June
July.Aug

24, 030
18, 934
20, 380

3,299
3,849
6,276

1,749
1,382
1,244

1,210
1,332
1,048

1,075
997
653

4,269
3,972
2,603

953
883
464

426
205
426

507
209
75

107
38
49

407
292
312

2,530

246
133
42

3,561

2,011
1,570

84
34
31

3,606
229
2,594

24, 925
33, 415
30, 695
20, 733

5,246

1,488
1,376
1,041
530

892
1,838
2,199
1,525

903
1,023
906
967

2,922
4,606

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

236
422
232
68

4,697
5,038
4,525
3,176

760
507
845
1,275

1,621

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

2,084
2,003
2,850

8,504
6,005

26
63
293
336

2,959
3,431
4,437
4,567

708
918
895
505

658
965
724
385

1,010
555
281
284

617
596
189
57

134
96
83
68

915
1,024
685
835

2,948

4,859
3,730
2,999

285
157
53
32

5,084
4,294
3,758
3,369

204
83
33
44

4,782
4,209
3,073
3,174

188
219
281
395

799
1,089
463
247

353
458
377
261

191
321
416
501

1,698

1,584
1,665

2,060
1,972

218
228
223
269

4,197

2,367
2,480
2,628

186
317
171
97

4,771
4,704
4,021
3, 098

148
274
306
1,412

26
37
294
492

184
161
103
186

1,370
1,439
1,214
968

1,275
1,300
1,235
1,733

116
65
162
240

6,688
6,983
4,792

31
104
215
283

3,395
3,004
4,040
3, 921

1,101

450

110

875

2,530

205

4,547

205

4, 246

.

Sept Oct -~
Nov
Dec

1936
Jan .
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec

24,543

6,063
6,327
6,827

32,609

6,193

34, 219

6,654
5,438
5,904
8,200

2,489

2, 715

2, 510

2,786
2,447
2,552

6,411

6,098
4,338
2,486

1,867
1,396
1,352
1,372

26, 718
29, 500
29, 785

5,352
5,593
5,267
5,622

1,028
1,107
1,085
1,460

32, 175

6,202

2,627

31,664
26, 383

26,426

21,513

May
June

5,023
3,058

27, 339
32, 766

28, 875
32, 098
29, 977

1937
Jan
Feb
Mar . _
Apr

5,616

1,435 •

22,953

2,086
1,857

2,442

4,183

2,383

5,016

741
784
865
927

3,229
3,983

2,239

3,057

905
922
923
894

3,983
4,336

315
202
537
389

2,610

911

4,752

804

2,124

2,875
1,748

1,257

2,720
3,153

3,591
2,281

3,102

3,174

2,442
2,065

3,368
2,990

3,371

7,137

6,345 •
6,464
3,231

5,312

1
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.

Table 88.—FACTORY LABOR TURNOVER
DEPARTURES

DEPARTURES

YEAR AND MONTH

ACCESSIONS

Total

Voluntary
quits

Layoffs

Discharges

YEAB AND MONTH

ACCESSIONS

Total

Voluntary
quits

L

%y
offs-

Discharges

Per cent of number on pay roll (annual basis)

Per cent of number on pay roll (annual basis)

1936

1937
56.5
56.1
56.5
52 3

38.9
40.4
50.6
60.8

27.1
27.3
35.4
46.4

4.7
6.5
7.1
6.1

7.1
6.5
8.2
8.5

January
February
March
April

35.0
37.3
45.2
51.3

41.4
38.8
45.9
45.7

23.4
22.1
33.1
31.1

12.3
10.6
6.2
8.7

5.7
6.1
6.6
5.9

May
June
July
August

60.0
57.2
54.2
65.9

50.6
46.2
53.0
51.8

37.8
35.4
38.9
4.0.1 .

5.9
6.1
7.1
4.7

7.1
4.9
7.1
7.1

May

35.3

45.8

31.7

7.8

6.3

September
October
November
December

69.4
57.7
•40.2
27.1

58.4
43.6
40.2
30.6

47.6
31.9
25.6
20.0

4.9
4.7
8.5
7.1

6.1
7.1
6.1
3.5

January
February.
March
April

_ _
:

July

*"i

i Compiled by the Metropolitan Life Insurance Company covering 135 companies employing about 600,000 wage earners for the period 1919-1925.
data are from about 100 companies each month. Rates are based on median reports rather than arithmetic mean, to throw out exceptional cases.
Digitized ratesFRASER
for were derived from the monthly rates by multiplying each month rate by 365 (366 for leap years) and dividing by the number of calendar days
sented. The total separation rate is the arithmetic sum of the last 3 columns. Monthly data on voluntary quits from 1919 appeared in the March,
http://fraser.stlouisfed.org/
p. 25.

Federal Reserve Bank of St. Louis

Beginning with 1926,
The annual turnover
in the month repre1927, issue (No. 67),,

110

Table 89.—DISTRIBUTION MOVEMENT
MAIL-ORDER HOUSE SALES 1

POSTAL RECEIPTS

Total 2

Total

Sears,
Roebuck
& Co.
1 houses 2 houses

YEAR AND MONTH

Montgomery
Ward
& Co.

50 selected
cities

50 industrial
cities

monthly
monthly
monthly
monthly
monthly
monthly
monthly

average .
average
average
average
average.
average.
average. $36, 569

$11, 275
11,847
13, 498
17, 407
20, 982
22, 891
29, 772

$7, 965
8,427
9,389
12, 237
-14, 856
16, 544
21,494

$3, 310
3,420
4,113
5,178
6,592
6,664
8,838

1920
1921
1922
1923
1924
1925
1926

monthly
monthly
monthly
monthly
monthly
monthly
monthly

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

37, 693
26, 190
28, 695
36, 098
38, 421
43, 173
45, 015

30, 233
21, 970
22 969
29^ 182
32, 074
36, 870
39, 330

21,217
14, 834
15, 180
17, 962
18, 515
21, 529
22, 725

9,192
6,330
7,706
11, 220
13, 560
15, 341
16, 605

20, 688
20, 759 8 $2, 157
22, 901
2,333
25, 085
2,593
26, 335
2,809
3,068
28, 831
30, 605
3,274

1936
January
February
March
April

42, 315
40, 489
47, 369
44, 064

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

3,193
3,172
3,525
3,234

May
June
July
August

38,408
41, 296
35, 670
35, 763

33, 724
34, 887
31, 995
32, 272

19, 339
18, 275
20,011
19, 605

14, 385
16, 612
11,984
12, 667

28, 547
28, 719
26, 783
26, 714

2,985
2,952
3,073
3,003

September
October
November
December

43, 742
54, 743
55, 802
60, 863

37, 907
46, 995
47, 869
53, 086

21, 648
26, 840
27, 991
29, 983

16, 259
20, 155
19, 878
23, 103

29, 976
32, 860
31,868
40, 282

3,169
3,421
3,223
4,340

1927
January
February
March
April

39, 458
39, 019
48, 186
46, 965

35, 237
35, 150
41, 147
40, 648

22, 080
20, 966
23, 254
24, 091

13, 157
14, 184
17, 893
16, 557

30, 394
29, 299
34, 590
31, 750

3,317
3,284
3,572
3,338

38,860
41, 927

33, 742
36, 039

19, 994
19, 341

13, 748
16, 698

29, 323
29, 681

3,082
3,069

1

(50 principal cities)

Number

Value
Thous.
of dolls.

Number
Thousands

Thousands of
agate lines

25, 017
23, 351
24,544
28, 005
29, 831
31, 094
33, 176

2,390
1,877
2,282
3,531
4,306
4,669
5,579

2,305
1,480
1,573
1,953
2,034
2,094
2,272

95, 832
86, 661
91, 131
97,402
96, 469
101, 916
105, 138

78, 898
74, 312
94, 968
87, 948

3,088
2,990
3,539
3,218

31, 189
30, 481
35,411
32, 687

4,223
4,408
5,424
4,620

1,778
2,145
2,372
2,620

101,855
91, 626
112, 810
114, 878

10, 634
11, 276
9,868
9,417

83, 359
87, 257
79, 733
77, 674

3,109
3,214
2,970
2,892

32, 650
33, 289
32, 154
31, 517

4,571
5,294
5,361
5,601

2,571
2,419
1,833
1,689

117, 040
105, 848
88, 052
91,' 763

9,972
11, 447
11, 681
13, 338

83, 963
97, 263
97, 465
104, 807

2,895
3,208
3,320
3,658

31, 712
34, 551
35, 336
37, 139

5,297
5,462
5,847
10, 840

2,138
2,626
2,703
2,373

104, 106
123, 300
111,157
107, 351

10, 576
10, 276
12, 715
11, 623

80, 473
77, 680
98, 572
92, 019

3,303
3,158
3,650
3,378

34, 001
32, 240
36, 394
34, 857

4,797
4,541
6,082

1,821
2,210
2,441
2,720

97, 140
90, 447
106, 700
112, 123

10, 348

83, 189

3,240

33, 931

2,770
2,350
1,864

112, 108
100, 873

8,098
8,211
9,409
10, 391
10, 797
11,161
11, 008

72, 432
64, 827
68,462
78, 913
84, 515
81, 288
87, 304

10, 607
9,905
12, 543
11,411

8,584

Thousands of
dollars

2,059
2,107
2,340
2,684
2,981
3,105
3,175

5,914
4,898
6,851
7,233
7,386
7,664
8,202

8,469

Value

61, 440
62, 671
61, 067
83,859

1,315
1,470
1,610
1,711
1,895

7,634

Newspaper 7

$11, 467
12, 702
14, 657
17, 837
21, 713

$34, 812
40, 592
44, 863
50, 587
65, 356

8,171

Magazine 6

1,224
1,161
1,147
1,415
1,490
1,344
1,890

6,313
7,248
7,149
6,784
7,773

8,533

Foreign s

[
$8,526 i
6,781
4,464
3,667
3,230
3,151
3,030

$2, 525
2,598
2,684
2,898
2,860
3,367
5,051

$13, 543
14, 611
17, 066
18, 380

ADVERTISING

Issued

Paid

Thousands

1913
1914
1915
1916
1917
1918
1919

September
October. __
November __
December

4

Domestic

Second
class s
(quarterly)

Thousands of dollars

May
June
July.
August

POSTAL MONEY ORDERS

_

r

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.
3
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 Nov. 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 have
operated to increase the magnitude of these data, thereby affecting their comparability from this point forward.
8
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
increases 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, 1^5 cents, and since July
1, 1919, \y2 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.
e 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.




Ill
Table 90.—CHAIN-STORE SALES
[Relative numbers for base year in bold-faced type; numerical data on opposite page]
GROCERIES
(37 chains) 3

(9 chains)

DRUG

CIGAR
(3 chains)

SHOE
(6 chains)

MUSIC
(4 chains)

CANDY
(5 chains)

With
Actual seasonal
correction 2

YEAB AND MONTH

FIVE AND
TEN
(5 chains)
With
Actual seasonal
correction 2

With
Actual seasonal
correction 2

With
Actual seasonal
correction 2

With
Actual seasonal
correction 2

With
Actual seasonal
correction 2

Actual seasonal
correc-

With
tion 2

Relative to 1919
100
146

1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1924
September
October
November
December... _

100

130
151
188
214
264
317

100

100

1OO

133
132
128
135
138
142
154

100
121
123
127
144
150
169
196

120
124
140
165
185
209
229

120
113
114
123
133
139
148

109
86
101
113
101
122
128

10O
138,
142
147
176
190
199
215

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
2,54
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
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

286
287
302
329

284
299
279
324

166
170
199
202

228
227
207
216

178
172
194
191

185
189
192
196

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

322
309
316
295

321
314
329
311

214
204
206
204

225
222
227
215

188
185
196
193

191
187
194
192

160
152
155
148

157
156
157
151

174
153
145
122

151
144
159
155

109
118
108
121

131
149
145
136

220
204
210
194

228
218
214
193

307
334
347
373

323
325
344
357

211
257
247
466

227
237
236
252

192
206
198
261

195
202
210
215

153
162
150
222

152
155
151
164

142
158
150
215

148
140
138
164

138
151
146
223

137
125
117
118

218
227
232
303

221
221
244
208

January
February
March
April

347
332
387
381

345
346
357
376

177
191
213
244

243
256
222
261

209
201
224
223

217
222
222
230

134
137
153
157

154
162
158
163

106
110
125
198

140
110
126
170

94
98
108
104

114
119
120
122

178
194
216
257

212
230
213
257

May.
June
July
August

382
398

380
404

224
224

236
244

206
210

209
213

157
151

154
155

143
155

124
145

88
87

106
109

216
215

224
229

_.

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

2n

1927

September
October...
November.
December




_
_.

See footnotes on opposite page.

112

Table 91.—CHAIN-STORE SALES1
[Base year in bold-faced type; relative numbers on opposite page]
GROCERIES
(37 chains)
YEAR AND MONTH

1919 monthly
1920 monthly
1921 monthly
1922 monthly

Thousands of
dollars

av
av
av
av

Number of
stores

FIVE AND TEN
(5 chains)
Thousands of
dollars

Number of
stores

Thousands of
dollars

Number of
stores

CIGAR
(3 chains)
Thousands of
dollars

Number of
stores

$5,525
7,852
7 800
7,538

$3,917
4,737
4,826
4,985

$17, 100
20, 491
21 160
23, 875

$28, 046
40 794
36, 351
42, 404

DRUG
(9 chains)

SHOE
(6 chains)
Thousands of
dollars

MUSIC
(4 chains)

Number of
stores

Thousands of
dollars

CANDY
(5 chains) 3

Number of
stores

$905
989
775
914

$3, 337
2,804
2 651
2,663

Thousands of
dollars

Number of
stores

$949
1,308
1 348
1,391

1923 monthly av.._.
1924 monthly av
1925 monthly av_._.
1926 monthly av

52, 732
60, 119
74, 094
88, 901

15, 362
18, 351
22, 244
25, 428

28, 172
31, 574
35, 761
39, 112

1,819
1,958
2,084
2,268

5, 655
5,899
6,620
7,345

492
525
553
644

8,025
8,197
8, 404
9,126

2,737
2,776
3,015
3,328

2,880
3,103
3,254
3,452

343
407
488
551

1,026
917
1,101
1,161

59
55
56
60

2,133
2,307
2,333
2,611

3120
3134
219
256

1924
September- _ . .
October
November
December

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
6,243

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

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
3,259

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
7,586
7, 474

612
622
619
625

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

May
.Tune
.July
August

90, 215
86, 769
88, 856
82, 976

25, 101
, 25,371
25, 607
25, 793

36, 561
34, 876
35, 282
34, 877

2,194
2,208
2,222
2,234

7,370
7,226
7,656
7,548

606
613
631
645

9,489
8,970
9,210
8,770

3,282
3,310
3,321
3,335

4,063
3,586
3,382
2,842

547
556
561
563

982
1,071
976
1,095

59
59
60
60

2,670
2,476
2,550
2,353

251
269
276
275

September
October
November
December

85, 082
93, 639
97, 274
104, 518

25, 923
26, 114
26, 315
26, 417

36, 073
43, 960
42, 233
79, 646

2,252
2 272
2,885
2,301

7,531
8,078
7 739
10, 223

652
660
704
733

9, 037
9,607
8,862
13, 138

3,354
3,389
3,424
3,434

3,313
3,684
3,501
5,029

566
566
569
576

1,244
1,366
1,318
2,018

61
62
62
61

2,649
2,754
2,818
3,684

274
263
254
259

1927
January
February
March
April

97, 405
92, 988
108, 389
106, 953

26, 608
26, 696
26, 618
27,002

30, 312
32, 655
36, 379
41, 782

2,304
2,326
2,343
2,357

8,195
7,888
8,768
8, 739

741
742
742
746

7,963
8,110
9,077
9,274

3,411
3,398
3,404
3,414

2,486
2,572
2,929
4,628

576
578
575
587

852
888
976
938

61
63
63
62

2,163
2,361
2,618
3,117

243
245
253
258

107, Oil
111, 703

27, 242
27, 551

38, 387
38. 347

2,383
2,397

8,075
8,236

728
731

9,309
8,943

3,406
3,413

3,350
3,621

589
595

794
784

62
62

2,621
2,606

271
275

May
June.July
August

-

_ __ _ _

May__
June
July
August

_

September
October
November
December
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 variations 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.




113
Table 92.—TEN-CENT CHAIN STORES
TOTAL 2
(4 chains)
YEAR AND
MONTH

Sales

F. W. WOOLWORTH CO.

Average
per store Stores

Sales

Thous.
of dolls.

Stores

S. S. KBESGE McCRORY
STORES
CO.
CORP.

S. H. KRESS
CO.

METROPOLITAN

F. &W.
GRAND

Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores

Thous.
Thous.
Thous.
Thous.
Thous.
Thous.
Thous.
Dollars Number of dolls. Number of dolls. Num- of dolls. Num- of dolls. Num- of dolls. Num- of dolls. Num- of dolls. Number
ber
ber
ber
ber
ber

1913
1914
1915
1916
1917
1918
1919

mo.
mo.
mo.
mo.
mo.
mo.
mo.

av
av
av
av
av
av
av

$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
1,1)90
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

119

$661

1920
1921
1922
1923
1924
1925
1926

mo.
mo.
mo.
mo.
mo.
mo.
mo.

av
av
av
av
av
av
av

19, 575
20, 561
23, 344
27, 555
30, 922
35, 038
38, 158

12, 234
12,560
13, 780
15, 199
15, 809
16,968
17, 188

1,600
1,637
1,694
1,813
1,956
2,065
2,220

11, 741
12, 302
13, 934
16, 120
17, 956
19, 912
21, 136

1,111
1,137
1,176
1,261
1,364
1,420
1,484

4,270
4,655
5,433
6,820
7,508
8,831
9,902

188
199
212
233
256
298
368

1,198
1,195
1,423
1,781
2,103
2,465
2,797

156
159
161
167
176
181
199

2,415
2,409
2,554
2,834
3,355
3,830
4,323

145
142
145
152
160
166
169

868
538
520
615
652
732
917

145
84
83
68
68
72
81

735
305
360
452
548
711
874

1934
September
October
November
December .

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

68
68
68

1935
January
February
March
April

25, 376
26, 130
29, 684
32, 722

12, 967
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

May
June
July
August

32, 008
31, 258
30, 621
32, 669

15, 980
15, 536
15, 197
16, 061

2,003
2,012
2,015
2,034

18, 510
17, 827
17, 829
18, 781

1,397
1,403
1,405
1,411

7,838
7,898
7,510
8,178

273
275
275
285

2,115
2,190
2,144
2,329

173
173
173
175

3,545
3,343
3,138
3,381

160
161
162
163

September
October
November...
December

32, 079
39, 739
36, 886
71, 285

15, 717
19, 319
17,854
34, 521

2,041
2,057
2,066
2,065

18, 129
22, 976
20, 677
39, 345

1,415
1,420
1,425
1,420

8,222
9,992
9,425
17, 984

287
293
293
298

2,288
2,725
2,673
5, 348

175
179
182
181

3,440
4,046
4,111
8,608

1926
January
February
March
April

27, 816
28,437
33, 162
33, 780

13, 386
13, 645
15, 836
16, 055

2,078
2,084
2,094
2,104

15, 162
15, 478
18, 308
18, 967

1,423
1,423
1,431
1,435

7,451
7,496
8,472
8,591

305
312
316
322

2, 157
2,183
2,538
2,458

183
182
180
180

May
June
July
August

35, 696
33, 026
34, 436
34, 075

16, 886
15, 520
16, 077
15, 819

2,114
2,128
2,142
2,154

20, 264
19, 022
19, 395
19, 015

1,442
1,451
1,460
1,465

8,993
8,834
8,886
8,713

325
329
332
338

2,492
2, 363
2,459
2,493

September
October
November
December _ _

35, 202
42, 506
41, 224
77, 498

16, 207
19, 400
18, 704
34, 909

2,172
2,191
2,204
2,220

19, 339
24, 801
22, 533
41, 347

1,471
1,482
1, 484
1,484

9,439
10, 535
10, 957
20,451

345
354
362
368

1927
January
February
March.
April

29, 647
31, 963
35, 575
40, 775

13, 336
14, 244
15, 734
17, 876

2,223
2,244
2,261
2,281

16, 124
17, 379
19, 602
22, 350

1,484
1,494
1, 505
1,515

7,956
8,309
9, 183
10, 788

37, 533
37, 444

16, 319
16, 203

2,300
2,311

20, 916
20, 406

1,528
1,533

9,602
10, 064

May
June
July
August

W. T. GRANT
CO.

19

$253
301
370
495
644

22
25
30
32
33

19
19
22
23
28
37
41

845
1,051
1,257
1,695
2,070
2,514
2,992

38
45
50
58
70
77
106

469
634
593
1,171

25
27
27
28

1,698
2,561
2,710
4,630

64
67
70
70

66
66
66
66

415
471
537
635

29
29
29
30

1,816
1,796
2,011
2,330

70
70
70
71

627
623
592
664

66
67
67
68

556
636
572
622

32
33
33
34

2,293
2,357
1,806
2,006

73
73
73
74

164
165
106
166

636
829
794
1, 840

68
69
70
72

646
849
838
1,757

33
34
36
37

2,176
3,317
2,922
5,334

74
77
77
77

3,046
3,280
3,844
3,764

167
167
167
167

567
583
684
748

72
72
72
74

641
632
764
787

37
37
38
38

2,065
1,951
2,310
2,562

77
78
80
81

180
181
183
184

3,947
3; 807
3,696
3,854

167
167
167
167

867
856
831
801

80
80
80
80

803
779
790
703

38
40
40
40

2,867
2,640
2,417
2,371

83
88
89
92

2,543
2,910
2,912
6,031

189
187
189
199

3,881
4,260
4,822
9,669

167
168
169
169

872
1,048
1,010
2,141

81
81
81
81

799
1,025
954
1,821

40
41
41
41

2,772
3,799
3,726
6,455

95
101
104
106

370
376
382
388

2,275
2,740
2,860
3,308

199
202
202
207

3,292
3,535
3,930
4,329

170
172
172
171

655
693
801
1,000

81
82
82
82

658
712
879
1,189

44
48
50
52

2,205
2,249
2,789
3,364

106
109
111
115

392
398

2,852
2,863

208
208

4,163
4,111

172
172

855
903

83
86

936
1,019

53
53

3,160
3,299

117

September
October
November
December
1
This table is submitted in response to a demand for publication of the figures of sales of the large individual ten-cent chains, as compiled from published reports in
financial papers or as reported directly by the companies. Sales data represent the retail sales in dollar values of the ten-cent chains shown, while the annual figures of stores
operated represent not an average of stores in operation for the year, but the stores operated at the end of each year. Monthly data on sales from 1920 appeared in May,
1922, issue (No. 9), p. 111. Many of the companies listed above do not limit the sales prices of their individual articles to 10 cents, some selling articles valued as high as
$1, but they all
come within the broad classification popularly known as "ten-cent stores."
2 Includes F. W. Woolworth, S. S. Kresge Co., McCrory Stores Corp., and S. H. Kress Co.

http://fraser.stlouisfed.org/
S41770—27
Federal Reserve Bank of St. Louis

8

114
Table 93.—RESTAURANT AND OTHER CHAIN STORES

Total, 3 chains

Sales

Thous.
of dolls.

Average
per
store

Stores

Dollars

Number

Sales

1915 mo. av.
1916 mo. av.
1918 mo. av.
1919 mo. av_

Sales Stores

Hartmann
Corp.
(furnishings)

J. C. Penney
Co.
(clothing)

United Cigar
Stores Co.

Sales

Stores

Sales

Stores Sales

A. Schulte,
Inc.
(cigars)

Owl Drug
Co.

Stores Sales Stores Sales Stores

Thous. Num- Thous. Num- Thous. Num- Thous. Numof dolls. ber of dolls. ber of dolls. ber of dolls. ber

Thous. of dollars

$710
718
756
898
1,141
1,228
1,384

1913 mo. av.

Isaac Silver
& Bros.

t

Child*
Co.

YEAR AND
MONTH

OTHER CHAIN STORES

J.R.
Thompson
Co.

Waldorf
ystem,Inc.

RESTAURANT CHAINS

Thous. Num- Thous. Num
of dolls. ber of dolls. ber

45
67
80
117
165
192
197

$2, 465
2,492
2,587
2,985
3, 576
4,336
5,172

$672

$1, 091

8

$220
297
402
701
1,240,
1,778
2,398

6
8
10
12
14
19

1,294
965
1,173
1,503
1,638
1,468
1,571

8
9
10
16
16
17
15

3,569
3,887
4,086
5,183
6,188
7,539
9,640

312
313
371
475
569
671
747

6,637
6,339
6,079
6,272
6,232
6,266
6,687

2,439
2,572
2,980
3,134

1,084
1,230
1,370
1,666
1,892
2,079
2,396

$375
448
571
696
746
937

224

$325
360
364
381
443
566
798

18
20
22
25
26
29
32

224
224
224
250
255
268
292

1,030
1,138
1,190
1,446
1,452
1,404
1,405

36
40
43
80
84
88
95

$3, 681
3,954
4,061
4,395
4,425
4,520
4,815

$14, 050
13, 972
13, 582
13, 952
13, 328
13, 574
13, 916

262
283
299
315
332
333
346

1,828
2,110
2,127
2,308
2,298
2,367
2,493

$790
820
964
1,103
1,086
1,069
1,122

1,063
1,023
970
984
1,041
1,083
1,199

2 $170
202
233
266
329
408

4, 369
4,188
4,455
4,602

13, 320
12, 691
13,500
13, 778

328
330
330
334

2,207
2,147
2, 376
2,489

1,074
1,001
1,024
1,042

1,088
1,040
1,056
1,071

258
274
336
248

13
13
13
13

1,966
1,199
1,071
1,199

17
17
16
16

7,154
7,037
5,883
6,582

590
591
593
618

6,378 • 2,656
5,965
2,690
6,020
2,731
6,303
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

.-September..
October
November..
December..

4,692
4,830
4,573
5,052

13,964
14, 332
13,490
14, 772

336
337
339
342

2,554
2,533
2,402
2,670

1, 076'
1,157
1,077
1,170

1,062
1,140
1,094
1,212

248
392
355
731

14
14
14
14

1,422
1,526
1,620
1,764

16
16
16
17

8,317
12, 147
9,853
12, 612

645
644
668
671

6,326
6,661
5, 992
9,187

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

1926
January
February. .March
April

4,743
4,382
4,890
4,770

13, 868
12, 813
14, 257
13, 907

342
342
343
343

2,423
2,220
2,512
2,455

1,126
1,045
1,150
1,113

1,194
1,117
1,229
1,202

217
238
298
342

14
14
14
15

925
1,187
1,338
2,238

16
16
16
16

4,967
5,476
7,978
8,763

671
671
687
692

5,608
5,610
6,267
6,504

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

May
June
July
August

4,818
4,794
4,623
4,786

14,088
14, 018
13, 478
13, 872

342
342
343
345

2,450
2,495
2,376
2,549

1,131
1,089
1,076
1,084

1,237
1,210
1,171
1,153

346
329
399
314

15
15
16
16

2,112
1,630
1,242
1,643

16
16
15
15

9,798
9,092
8,327
8,083

694
697
697
721

6,945
6,623
6,783
6,472

2,993
3,017
3,027
3,039

2,502
2,314
2,388
2,260

278
282
285
287

1,253
1,408
1,441
1,403

88
88
91
91

September.
October
NovemberDecember.

5,015 - 14,411
14, 415
5,031
13, 724
4,776
14, 680
5,138

348
349
348
350

2,682
2,593
2,466
2,699

1,162
1,194
1,117
1,177

1,171
1,244
1,193
1,262

373
511
480
951

17
17
18
19

2,054
1,596
1,391
1,496

15
15
15
15

10, 622
13, 247
13, 334
15, 986

735
743
743
747

6,560
6,878
6,517
9,478

3,059
3,091
3,125
3,134

2,442
2,693
2,312
3,574

286
289
291
292

1,423
1,597
1,347
1,870

94
95
94
95

1927
January. ..
February _.
March
April

4,896
4,463
4,903
4,875

13,909
12, 679
13,890
13, 810

352
352
353
353

2,537
2,319
2,522
2,443

1,134
1,026
1,138
1,234

1,225
1,118
1,243
1,198

281
311
388
465

19
19
20
20

842
1,152
1,168
2,424

15
16
17
17

6,236
7,425
9,796
13,508

671
758
780
781

5,723
5,715
6,500
6,652

3,109
3,096
3,102
3,112

2,204
2,362
2,542
2,592

294
294
294
294

1,318
1,253
1,456
1,413

95
96
95
94

4,720

13, 371

353

2,402
2,281

1,096

1,222
1,173

410
430

21
21

1,783
1,192

17
17

11, 425
11, 377

885
787

6,774
6,471

3,105
3,106

2,493
2,471

290
296

1,274
1,494

94
94

1920
1921
1922
1923
1924
1925
1926

mo. av.
mo. av.
mo. av.
mo. av.
mo. av.
mo. av.
mo. av.

1925
May
June
July
August

May
June
July
August
September.
October -NovemberDecember.

2

— r ~~

1 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 since 1920 for the Childs
Co. and Waldorf System are shown in the October, 1923, issue (No. 26), pp. 58 and 59. Monthly data for Childs Co., including the operations of Boos Bros., since January,
1920 (comparable to present series) were given in the July, 1927, issue (No. 71), p. 21. Data for the Waldorf System include sales of the Ginter Company and its, predecessors from 1923 until its absorption into the Waldorf System in 1927. Monthly data for Schulte Cigar Stores from 1921 appeared [in June, 1923, issue (No. 22), p. 49,
while, for Penney, United Cigar and Owl Drug, 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.
2
Seven months' average, June to December, inclusive.




115

Table 94.—DEPARTMENT-STORE SALES
[Index numbers for base year in bold-faced type]
INSTALLMENT
SALES 3
NEW
ENG.

VALUE OF SALES, BY FEDERAL RESERVE DISTRICTS »
YEAR AND MONTH
San
RichPhilaCleveBoston New York delphia
Atlanta Chicago Minne- Dallas
apolis
mond
land
(24 stores) (63 stores) (22 stores) (54 stores) (23 stores) (35 stores) (63 stores) (23 stores) 2 (21 stores) 2 Francisco
(31 stores)
•

Total
(359
stores)

Per cent
to total

average
average
average
average

100
116
114
119

100
119
114
116

100
118
112
114

100
128
114
114

100
113
106
101

100
119
101
94

100
123
110
114

100
112
102
99

100
120
99
92

100
121
116
121

100
120
110
111

1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average

127
126
128
134

127
132
138
143

127
126
129
133

130
128
131
133

111
117
124
129

104
101
106
110

132
133
142
152

105
104
107
99

98
102
109
113

139
143
149
158

124
125
131
136

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
217

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

5.2
6.1
4.1
3.5

May
June
July
August

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

5.0
3.2
4.4
8.9

September
October
November. _ _ __
December

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
183

139
168
158
253

121
165
145
226

6.1
5.6
6.0
4.6

131
93
119
133

124
108
131
138

112
103
138
128

108
106
127
133

103
91
130
126

88
92
108
114

119
119
145
147

85
76
94
107

96
93
111
108

129
117
158
150

114
104
130
133

9.4
8.8
5.7
5.0

May
June -._
July
August

134
134
94
97

139
137
99
99

137
129
87
89

137
126
100
108

129
123
96
93

114
104
80
82

159
146
115
121

102
93
81
84

115
107
79
91

152
142
124
151

137
130
99
105

5.1
3.6
5.2
8.6

September _ _
October
November
December.. _

122
154
157
235

136
177
170
254

116
160
166
228

123
152
147
223

110
154
155
235

92
125
129
189

164
171
169
253

103
109
102
153

114
134
126
186

158
169
168
278

131
158
157
234

5.8
5.5
7.8
3.7

140
98
121
144

128
111
132
148

105
100
123
133

106
105
124
147

101
90
119
134

87
91
100
114

115
127
150
162

82
76
93
103

91
90
110
114

138
123
158
166

114
106
128
143

10.5
8.0
5.4
5.1

130
139

134
143

124
126

132
124

123
120

108
102

151
147

92
92

116
100

152
137

131
130

5.2

1919 monthly
1920 monthly
1921 monthly
1922 monthly

•

5.2
6.2

1934

September
October
November
December

•

1935

January
February
March
April

__

1936

January
February
March
April

_ _

1937

January...
February
March
April

__ _ _
_

May
June
July
August

September
October
November
December

_

1
Compiled by
2
In calculating
3

the Federal Reserve Board, Division of Research and Statistics. Index numbers are based upon dollar values and are given by Federal reserve districts.
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.
Compiled by the Federal Reserve Bank of Boston from reports of selected department stores in New England.




116

Table 95.—DEPARTMENT-STORE STOCKS1
[Index numbers for base year in bold-faced type]
VALUE OF STOCKS AT END OF MONTH, BY FEDERAL RESERVE DISTRICTS
YEAR AND MONTH

RichPhilaCleveSan
Boston New York delphia
Atlanta Chicago MinneDallas Francisco Total
(314
mond
apolis
(24 stores) (63 stores) (13 stores) (52land
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

100
126
108
115

100
136
115
116

100
119
118
131

100
139
117
110

1923 monthly average _
1924 monthly average
1925 monthly average
1926 monthly average

122
123
122
121

125
130
133
137

150
154
181
189

126
119
116
113

131
122
115
120

125
135
141
120

100
134
105
109

100
134
114
112

10O
152
124
123

100
119
96
97

100
143
116
109

100
132
116
118

100
136
115
116

125
131
131
130

121
126
126
127

119
116
112
116

147
152
152
155

110
109
112
101

116
107
121
119

130
137
134
138

129
132
135
137

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

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
143
140
149

115
109
107
111

123
114
111
123

134
128
129
133

125
132
140
119

140
148
153
131

195
210
211
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

125
128
142
142

167
183
201
201

111
125
137
134

113
120
128
131

111
112
122
125

143
151
160
159

96
101
110
110

109
118
128
130

127
132
141
145

125
131
142
143

123
116
111
111

138
131
124
128

184
177
171
175

133
126
118
122

132
126
119
118

116
110
108
109

153
147
137
152

106
101
94
97

125
114
110
117

140
132
129
134

138
131
125
130

125
136
141
121

142
152
157
131

180
222
216
187

137
146
151
121

135
146
149
119

122
128
127
102

163
174
177
144

103
105
105
85

126
129
126
98

143
152
156
128

142
153
156
128

112
115
127
129

126
127
140
142

176
189
205
200

111
122
136
134

113
120
132
132

105
117
127
130

140
151
160
161

91
92
100
100

93
103
112
112

129
136
145
147

124
131
142
143

•127
119

137
128

191
184

130
124

131
122

120
106

156
145

97
89

109
101

143
136

138
129

%

1924
May
June _
July
August

_

September
October
November. _
December

*

1925

January
February
March
April

._

May
June
July.
August

_

September
October
November
December

_

'

136
129
124
131

1926

January
February
March
April
Mav
June
July
August

_

September.
October
November _ _
December

_ _.

1927

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 retail stores as shown by latest available census data. For details, see Federal Reserve Bulletin for February, 1923.




117

Table 96.—WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS
[Index numbers for base year in bold-faced type]

Cleveland

Richmond

Chicago

Kansas City

100

10O

100

10O

100

69
71

89
93

96
106

112
112

87
89

86
90

99
92

92
86

112
115

99
110
109
106

79
83
85
86

101
97
97
97

111
113
114
118

118
126
118
129

126
119
124
132

100
103
106
106

100
97
102
101

98
96
103
98

94
104
104
106

132
144
147
153

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

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

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

73
70
77
75

101
92
104
93

75
61
60 • 71
70
81
82
72

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

72
80
74
76

74
77
75
73

86
85
80
87

74
81
79
78

84
100
95
101

101
109
114
104

80
86
84
90

96
104
100
97

111
116
114
115

121
131
125
127

126
128
129
127

99
96
98
101

97
101
96
96

96
97
95
95

97
97
100
120

139
141
146
146

109
107
110
100

89
87
82
76

84
81
76
69

95
89
83
84

85
82
77
69

98
90
88
78

126
120
117
112

108
93
84
76

106
104
97
88

124
133
117
110

135
156
113
115

137
137
133
135

113
111
106
99

105
108
106
93

105
104
104
93

121
113
107
97

155
188
161
143

69
62
73
69

88
81
94
87

64
61
71
. 67

67
63
71
66

82
78
87
77

63
60
72
72

78
74
84
87

105
91
106
116

78
77
82
77

83
79
89
92

112
104
130
122

117
110
151
143

132
120
145
129

115
99
115
107

96
92
109
100

89
76
106
103

96
86
105
98

143
136
162
160

73
79

94
102

69
76

71
72

87
77

76
84

89
109

118
112

82
82

90
98

113
115

119
127

124
130

103
99

100
101

105
105

96
93

141
141

Chicago

1OO

Atlanta

100

112
97
100

Richmond

100

Cleveland

New York

Weighted index
7 districts

San Francisco

Kansas City

Minneapolis

Philadelphia

100

New York

Boston

Weighted index
11 districts

YEAR AND
MONTH

San Francisco

DRUGS

GROCERIES

1

INDEX NUMBERS RELATIVE TO 1919

1OO

100

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

av
av
av
av

100
113
77
76

75

74
76

80
76

75
71

74
73

79
77

72
69

79
79

94
91

1923
1924
1925
1926

av
av
av
av

83
84
83
83

83
82
81
77

80
78
78
76

88
87
86
93

79
81
79
77

83
84
89
75

85
90
90
90

74
77
72
74

85
85
86
87

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

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

September
October
November
December _ _

92
99
91
83

84
88
82
81

83
97
92
82

90
96
92
88

89
95
83
81

94
99
94
95

1926
January
February
March
April

77
71
81
79

70
63
76
74

77
66
77
71

77
74
82
80

69
67
75
73

June
July
August

80
86
84
82

76
85
84
76

73
77
76
71

87
97
97
94

September .
October.. _.
November
December

92
91
87
80

80
82
83
78

79
88
84
77

1927
January
February
March
April

74
69
79
77

68
62
72
69

81
86

77
84

mo.
mo.
mo.
mo.

1935
January
February
March
April

May

May

May
June
July
August..

100

100

100

100

100

100

100

100

September
October
November.
December

i
I
i 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.




118

Table 97.—WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS l
[Index numbers for base year in bold-faced type]

Atlanta

Chicago

Minneapolis

San Francisco

Richmond
100

100

100

100 100

75.
66

'66
66

60
58

67
64

62
66

78
76

58
56
58
59

65
58
58
63

71
58
62
70

61
51
52
55

59
47
37
43

69
56
70
57

80
66
70
91

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

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

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

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

61
71
84
74

99
109
118
106

103
99
115
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

150
152
156
145

78
84
76
75

124
115
124
146

113
112
100
103

60
59
52
73

85
75
75
103

56
61
52
65

64
66
49
63

69
56
51
96

53
47
41
57

46
41
36
49

53
52
50
75

78
87
81
118

111
112
95
87

164
157
145
122

90
93
82
84

155
131
140
126

110
108
97
94

84
76
67
60

114
111
99
133

74
62
59
66

83
78
67
63

103
80
72
43

66
70
63
41

58
54
46
30

82
76
56
34

136
125
104
81

81
71
75
72

70
74
110
105

101
105
148
142

59
69
88
82

103
98
129
108

93
90
109
106

46
53
73
68

65
65
104
90

38
50
73
64

41
52
78
78

78
92
102
85

45
51
61
54

27
32
43
42

21
34
58
53

85
77
99
109

68
66

106
108

129
155

77
84

106
109

106
109

56
58

73
77

51
65

57
57

78
64

49
42

36
35

45
48

95
94

s
1

i

I

|

Boston

Chicago

Cleveland

Weighted index
8 districts

>»

San Francisco

Minneapolis

SHOES

100

Atlanta

I

Richmond

1

Cleveland

YEAR AND
MONTH

Philadelphia

Weighted index
10 districts

HARDWARE

1
fe

INDEX NUMBERS RELATIVE TO 1919

1919
1920
1921
1922

mo.
mo.
mo.
mo.

av
av
av
av

100
116
82
86

100

100

100

100

100

78
84

97
100

92
94

82
78

1923
1924
1925
1926

mo.
mo.
mo.
mo.

av
av
av
av

104
99
103
• 102

100
96
98
96

113
115
115
114

111
102
104
105

1924
September
October
November
December

106
110
98
99

95
107
95
97

115
134
114
123

1925
January
February
March
April

89
90
107
107

83
85
103
102

101
105
99
98

September
October
November
December

100

100

100

10O

100

66
69

86
91

78
78

74
76

80
81

100
94
88
91

84
79
96
94

103
100
101
99

148
143
152
144

81
77
83
79

111
114
98
93

108
95
88
85

89
101
88
96

106
109
93
93

166
152
151
144

99
95
122
122

93
100
111
104

98
83
97
86

92
81
89
85

80
83
110
115

97
105
92
87

120
121
108
104

104
111
102
93

80
79
78
89

78
80
78
94

109
122
103
101

104
117
102
102

111
131
115
126

108
125
101
92

94
100
87
79

1926
January
February
March
April

86
87
106
103

75
77
96
103

95
87
116
118

86
95
113
102

May _
June
July
August

108
105
99
99

103
102
90
87

126
122
107
104

September
October
November
December

112
114
104
99

101
109
99
108

1927
January
February
March
April

80
82
107
102
99
103

May
June
July
August

__ _ _
_-

.

May
June
July.
August.. .. _

100

100

86
97

1OO
88
68
65

86
89

62
54

101
102
110
124

113
104
106
106

68
58
58
63

101
83
91
93

87
96
88
93

108
109
98
116

105
107
90
91

69
67
57
56

115
133
144
167

73
76
86
86

104
102
110
108

93
98
110
110

107
110
104
98

148
155
163
161

78
82
77
76

105
101
100
108

108
132
120
118

105
118
94
91

171
169
157
142

86
102
82
86

91
78
90
87

115
102
101
89

75
76
103
102

119
118
153
152

108
109
,105
99

86
81
85
92

86
85
79
86

116
108
101
99

114
128
119
132

115
118
113
98

107
109
102
85

96
106
96
81

69
77
99
102

89
84
117
108

86
92
114
104

98
90
103
99

94
100

111
108

104
105

100
92

September
October
November
December
1
Compiled by the Federal Reserve Board, Division of Research and Statistics, representing combined indexes of dollars 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.



119

Table 98.—WHOLESALE TRADE AND CREDIT CONDITIONS

£
C
£
<»
S

x

i

San Francisco

Chicago

Atlanta

Richmond

1
1

Cleveland

YEAR AND MONTH

Weighted index
8 districts

MEATS i

DRY GOODS i

INDEX OP WHOLESALE TRADE i

[Index numbers for base year in bold-faced type]
CREDIT CONDITIONS
Textile trade 2

Electrical trade 3

Prompt
Orders Indebt- payedness

Delinquent
accounts

ments

Percentage of total
recorded transactions

INDEX NUMBERS RELATIVE TO 1919
1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average

100

100

100

100

100

100

100

100

100

100

55
56

115
83
83

85
83

84
84

75
72

70
70

80
84

90
91

86
85

1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average

65
67
76
79

95
91
91
87

98
95
105
98

99
80
77
74

87
76
69
67

79
76
80
82

94
89
87
79

99
107
120
120

May
June
July
August

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

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

79
75
75
76

79
85
93
77

94
104
109
86

60
72
77
67

67
71
68
58

81
82
77
81

78
76
78
102

87
84
92
105

68
66
53
76

86
85
76
73

114
102
91
71

119
103
95
93

77
73
71
71

72
78
90
75

74
73

71
74

No. of
firms

Dollars

90
98

100
112
73
74

28.3
23.0
24.6
26.9

34.1
36.2
36.6
43.3

60.7
59.4
53.4
47.6

98
102
90
86

109
101
93
90

83
82
84
84

28.8
28.9
25.5
26.1

42.6
42.6
41.2
43.4

55.3
55.0
53.9
51.8

201, 689
186, 770
196, 747
179, 921

1,497
1,518
1,547
1,498

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, 345
153, 424

1,774
1,678
1,490
1,425

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

166, 073
184, 055
168, 732
184, 098

1,400
1,597
1,142
1,503

74
80
91
78

66
70
83
70

117
116
124
101

71
97
79
69

79
75
99
87

78
76
85
80

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

56
50
53
87

72
63
62
94

75
72
72
86

106
114
120
146

68
76
75
143

82
85
90
116

82
84
82
88

24.4
22.8
23.5
26.7

45.0
46.5
42.9
38.7

42.6
53.9
52.7
53.3

206, 868
192, 591
167, 635
165, 213

1,702
1,528
1,388
1,367

91
94
86
73

94
84
75
44

118
113
84
53

111
98
86
63

144
132
131
88

129
94
89
39

109
101
89
71

97
94
86
78

29.1
29.3
26.3
21.2

40.1
47.8
47.8
46.9

55.1 '
58.1
57.1
54.8

186, 892
144, 458
144, 985
181, 318

1,419
1,211
1,241
1,438

85
97
106
81

53
64
71
62

65
68
70
56

59
72
88
79

57
61
82
64

119
114
126
109

59
82
76
72

77
71
88
86

75
73
83
78

23.8
30.8
31.5
28.2

41.5
38.8
41.4
44.5

51.3
51.6
52.2
57.6

180, 048
206, 283
242, 606
247, 479

1,397
1,505
2,040
1,936

79
89

58
56

53
51

70
63

61
67

103
102

69
67

79
82

79
81

25.1
24.0

43.4
43.6

57.1
55.9

177, 403
175, 069

1,442
1,526

4

225, 106
202, 557

4

1, 518
1,625

1935

_ _

1926
January
February
March
April
May
June
July
August

_

September
October
November
December

_

1937
January _
February
March
April

_

May
June
July.
August

September...
October
November
December

9

1 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 Bulletin for
April, 1923. The combined index of wholesale trade is a weighted average based upon the total volume of 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, issue (No. 21), pp. 171-173.
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.
« Eleven months' average, February to December, inclusive.




120
Table 99.—GOLD AND SILVER
GOLD

1
li

Domestic
Imports 1 Exports i receipts
at mint 2

YEAR AND MONTH

Thousands of
dollars

SILVER

Production
Rand
Imoutput 3 ! ports i

Fine ounces

Exports *

4

Stocks, end of
month 4

United Canada Mexico
States

Thousands of
dollars

United Canada
States

Price
in
1
New
York 3
Dolls.
per fine
ounce

Thousands of fine ounces

$5, 309
4,782
37, 663
57, 166
46, 038
5,170
6,378

$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

732, 779
698, 275
757, 823
772, 128
751, 855
701, 722
694, 174

$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

5,567
6,038
6,247
6,201
5,978
5,651
4,723

35, 729
57, 604
22, 931
26, 893
26, 643
10, 690
17, 792

26, 841
1,991
3,073
2,387
5,137
21, 887
9,642

62, 377
80, 183
86, 314
84, 044
90, 234
87, 693
85, 390

679, 801
676, 216
585, 009
761, 088
799, 803
799, 975
830, 238

7,338
5,270
5,901
6,204
6,162
5,383
5,800

9,468
4,298
5, 234
6,039
9,158
8,261
7,688

4,714
4,477
4,623
5,514
5, 362
5,115
5,077

1,084
1,416
1, 418
1,412
1,395
1,771

5, 372
6,756
7,568
7, 620
7,743
8, 191

1,091
446
459
719
453
542

655
636
409
544
442
839

1.010
.621
.675
.647
.668
.691
.621

May
June
July
August

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
18, 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

914
1,005
1,226
1,594

6,904
7,596
7,732
6,900

557
518
539
280

312
225
293
223

.676
.691
.694
.702

September
October
November
December

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

1,692
1,570
1,286
1,538

7,607
8,418
8,027
9,721

277
202
513
365

541
495
655
634

.716
.711
.692
.689

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, 303

5,763
8, 863
5,539
6,322

9,763
7,752
8,333
7,612

5,162
5,043
5,171
4,954

1,126
1,636
1,920
1,373

5,562
8,707
9, 192
8,839

927
1,025
395
336

749
819
648
961

.678
.668
.659
.644

May
June
July
August

2,935
18, 890
19, 820
11, 979

9,343
3,346
5,069
29, 743

69, 699
68, 261
82, 696
97, 426

849, 214
852, 145
860, 134
843, 854

4,872
5,628
5,949
5,988

7,931
7,978
7,921
8,041

5,066
5,211
4,673
5,270

1,546
1,510
2,665
2,142

7,997
8,401
6,980
6,134

589
392
821
575

693
546
772
738

.651
.655
.648
.624

September
October. _
November
December

15, 987
8,857
16, 738
17, 004

23, 081
1,156
7,727
7,196

111,657
108, 741
104, 230
88, 307

839, 939
853, 296
840, 276
836, 157

7,203
5,098
3,941
4,430

7,243
7,279
6,794
5,610

4,860
5,114
4,757
5,637

1,926
2,030
1,742
1,639

7,632
9,612
9,883
9,352

336
543
242
326

775
1,343
1,085
941

.606
.545
.541
.535

59, 355
22, 309
16, 382
14, 503

14, 890
2,414
5,625
2,592

80, 777
65, 999
73, 822
68, 531

839, 782
779, 339
860, 511
824, 014

5,151
3,849
4,308
3,815

7,388
6,233
6,077
6,824

5,196
4,979
5,104
4,712

1,459
1,733
1,525
1,716

8,559
6,930
6,342
7,737

700
207
212
602

1,300
391
1,023
723

.558
.579
.553
.564

34, 212
14, 611

1,510
1,841

66, 956
66, 411

859, 479
855, 154

5,083
4,790

6,026
5,444

4,811
5,012

1,393
1,737

231
233

602
474

.563
.568

1913
1914
1915
1916
1917
1918
1919

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

1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly

average
average
average
average
average
average
average

$0. 598
.548
.497
.657
.814
.964
1. Ill

1925

__

_ __ _

1926
January
February
March
April _

__

._

1927
January
February
March
April
May
June
July
August

._

_ _

September ._
October
November
December
1
2

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. mint from U. S. Treasury Department, Bureau of the Mint.
3 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,
* Production of silver by mines and producers' stocks from American Bureau of Metal Statistics, except annual figures previous to 1921, which are from U. S. Department
of Interior, Geological Survey. The United States, Canada, and Mexico combined produced about 75 per cent of the world's output of silver in 1923. Production for both the
United States and Canada includes purchases of crude silver by the mints in each country. Canadian production is incomplete as the silver contained in blister copper,
lead bullion, and lead and zinc ores exported is omitted. Mexican production is reported to the bureau by the Mexican Government and covers refined silver received at
the mint for coinage, refined silver exported and silver content of base bullion, blister copper, ore concentrates, etc., exported. Detailed data are contained in the bureau's
monthly reports. Monthly data from 1921, except on production in the United States, appeared in the February, 1927, issue (No. 66), b 25,



121
Table 100.—LIFE INSURANCE—NEW BUSINESS AND PREMIUMS
(Association of Life Insurance Presidents)
PREMIUM COLLECTIONS
(new and renewal)

NEW BUSINESS
Ordinary

YEAE AND MONTH

Group

Industrial

Ordinary

Total

NumNumber Thou- ber of Number Thouof
of
sands of con- certifi- sands of
policies dollars tracts cates 2 dollars

Number Number
of policies of policies
and cerand
contracts tificates

Indus- Group
trial

Total

Number
of
policies

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
1926 monthly average

205, 276
163, 313
166, 781
195, 841
196, 841
214, 168
218, 398

464, 189
381, 688
419, 585
502, 495
532, 347
616, 551
648, 526

499, 938
550, 065
582, 102
662, 259
703, 769
804, 380
782, 137

93, 044
104, 813
118, 233
143, 338
163, 630
196, 598
213, 777

190
58
96
158
132
165
196

38, 491
10,299
21, 345
34,847
29, 916
45, 533
62,690

35, 478
9,257
22, 885
43, 337
49, 814
83, 232
87, 550

705, 404
713, 437
748, 979
858, 257
900, 741
1, 018, 713
1, 000, 731

743, 705
723, 678
770, 229
892, 946
930, 525
1, 064, 080
1, 063, 208

592, 711
495, 758
560, 703
689, 170
745, 790
896, 381
949, 853

75, 462
81, 424
89, 242
99, 631
110, 287
125, 119
130, 882

20, 342
22, 587
25, 751
30, 057
34, 178
39, 119
44, 775

1,498
1,545
1,621
2,092
2,618
4,625
4,893

97, 302
105, 556
116, 614
131, 779
147, 083
168, 863
180, 549

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,
163,
165,
151,

186, 175
222, 764
218, 240
270, 754

525, 532 691, 227
616, 725 1, 199, 183
586, 877 851, 209
720, 965 824, 881

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
738, 434
1, 460, 056
927, 862
1, 095, 925
905, 923
1, 270, 922 1, 259, 042

107, 367
130, 045
130, 920
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

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

May.
June
July
August

236, 209
237, 020
221, 697
198, 686

702, 309
704, 852
658, 562
595, 929

859, 630
743, 137
916, 607
719, 203

235, 207
202, 315
194, 315
199, 076

195
167
149
157

39, 815
43, 710
53, 057
40, 882

56, 458
69, 282
78, 125
55, 632

1, 096, 034
980, 324
938, 453
918, 046

1, 135, 654
1, 023, 867
991, 361
958, 771

993, 974
976, 449
931, 002
850, 637

131, 553
132, 268
133, 755
117, 851

40, 299
43, 747
42, 639
43, 419

4,251
4,206
4,457
4,102

176, 103
180, 221
180, 851
165, 372

September
October..
November
December

184, 843
219, 049
221, 457
273, 769

523, 915
618, 041
629, 860
813, 479

714, 041
822, 459
870, 324
838, 577

197, 277
226, 523
235, 691
228, 008

157
183
182
456

47, 743 • 73,456
44, 213 62, 353
70, 363 100, 448
214, 277 262, 452

899, 041
1, 041, 691
1, 091, 963
1, 112, 802

946, 627
1, 085, 721
1, 162, 144
1, 326, 623

794, 648
906, 917
965, 999
1,303,939

118, 023
125, 689
127, 489
154, 534

40, 827
43, 988
45, 281
73, 947

3,783
4,735
4,327
7,683

162, 633
174, 412
177, 097
236, 164

187, 460
205, 604
249, 584
246, 519

576, 642
625, 988
740, 725
749, 923

679, 290
767, 121
890, 560
851, 905

185, 292
207, 217
241, 701
227, 279

192
176
178
176

51, 967
32, 452
64, 803
30,991

94, 445
46, 119
103, 057
46, 960

866, 942
972, 901
1, 140, 322
1, 098, 600

918, 717
1, 005, 177
1, 204, 947
1, 729, 415

856, 379
879, 324
1, 085, 483
1, 024, 162

135, 395
135, 969
159, 168
149, 993

45, 920
43, 286
45, 534
45, 650

7,065
4,803
5,774
5,427

188, 380
184, 058
210, 476
201, 070

233, 729
234,429

699, 846
696, 742

902,343
816,966

241, 662
221, 780

197
189

30, 805
41, 042

45, 683
67, 817

1, 136, 269
1, 053, 584

1, 166, 877
1, 094, 437

987, 191
986, 339

145, 256

45, 750

4,943

195, 949

Thousands of
dollars

Thousands of dollars

1925
May
June
July
August

__

September
October
November
December

._

_
__

240
046
593
227

1936

January
February
March
April

_

1927

January
February
IVIarch
April
May
June
July
August

_ __
_

September.
October
November
December

__

_ _

* Compiled by the Association of Life Insurance Presidents, The data on new business represent 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.




122
Table 101.—LIFE INSURANCE—ASSETS AND SALES BY DISTRICTS
ADMITTED ASSETS (41 companies) 1
(Association of Life Insurance Presidents)
Mortgage loans
YEAR AND
MONTH

Grand
total

Total

SALES, ORDINARY INSURANCE (81 companies) 2
(Life Insurance Sales Research Bureau)

Bonds and stocks (book values)

All
Farm other

Total

Government

Policy
loans
and
PubpreRailAll mium
lic
road utili- other notes
ties

United
States,
total

Eastern Western Western
manu- manu- agriculfactur- facturtural
ing
ing

Millions of dollars

1921 mo. av
1922 mo av
1923 mo. av_. $7, 409
1924 mo. av__ 8,091
1925 mo. av_. 8,944
1926nio. av__ 9,935

Far
South- western
ern

CANADIAN
SALES,
ORDINARY 3

Thousands of dollars

$2, 694
3,138
3,607
4,211

$1, 261
1,405
1,496
1,564

$1, 432
1,734
2,111
2,647

$3, 327
3,428
3,653
3,887

$1, 219
1,119
1,053
971

$1, 750
1,849
1,975
2,117

$281
365
521
686

$7-7
95
105
113

$928
995
1,070
1,177

$425, 092
459, 292
549, 296
584, 871
672, 286
700, 730

$154, 321
174, 242
208, 526
233, 584
267, 430
279, 875

$90, 152
98, 380
121, 194
127, 321
144, 071
152, 474

$81, 074
78, 899
90, 912
91,008
107, 277
110, 174

$57, 145 $42, 400
61, 645 46, 126
72, 403
56, 261
72, 954
60,088
85, 312 67, 946
88, 133 70, 075

-T30, 847
28, 421
30, 487
32, 597
35, 406
39,304

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

1,921
1,950
1,975
2,013

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

102
102
102
102

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, Oil
88, 054

56, 721
55, 435
66, 036
69, 163

30, 838
28, 698
35,001
35, 872

May
June July
August

8,825
8,892
8,974
9,039

3,542
3,586
3,633
3,671

1,492
1,500
1,507
1,510

2,050
2,086
2,126
2,161

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

104
105
106
106

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

September _ _
October
November_December___

9,121
9,209
9,292
9,394

3,707
3,750
3,796
3,864

1,513
1,515
1,518
1,523

2,195
2,235
2,278
2,341

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

106
106
108
112

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

1926
January
February. -_
March
April

9,481
9,546
9,630
9,717

3,913
3,961
4,016
4,073

1,527
1,533
1,543
1,552

2,386
2,428
2,473
2,521

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

111
108
108
109

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, 449

55, 610
58, 801
78, 645
71, 629

33,907
34, 744
40,483
37, 346

May
June
July
August

9,800
9,882
9,969
10, 050

4,121
4,181
4,238
4,290

1,560
1,568
1,572
1,577

2,561
2,613
2, 606
2,713

3,865
3,888
3,899
3,907

979
962
951
948

2,104
2,128
2,132
2,137

672
688
705
710

110
110
111
112

1,163
1,174
1,184
1,194

735, 724
749, 567
702, 129
649, 023

299, 463
289, 847
279, 650
241, 270

152, 382
162, 750
153, 663
145, 015

116, 090
124, 381
110, 372
107, 354

93, 816
96, 540
86, 758
84, 572

73, 973
76,049
71, 686
70, 812

37, 703
44, 634
40, 101
36, 010

September _ _
October
November..
December. _.

10, 141
10, 237
10, 333
10, 432

4, 335
4,405
4,463
4,532

1,579
1,581
1,585
1,588

2,756
2,824
2,878
2,944

3,924
3,941
3,957
3,975

948
937
936
920

2,148
2,156
2,161
2,172

715
729
740
756

113
119
120
127

1,202
1,210
1,219
1,229

597, 667
656, 362
691, 520
879, 049

222, 265
262, 334
283, 297
356, 488

132,004
145, 635
153, 194
189, 106

104,268
100, 446
102, 894
133, 132

76,904
81, 621
84, 462
112, 856

62, 226
66, 326
67, 673
87, 467

34, 878
40, 226
44, 251
47, 366

1927
January
February
March
April

10, 529
10, 606
10, 713
10, 812

4,587
4,637
4,686
4,722

1,592
1,599
1,604
1,611

2,995
3,038
3,082
3,111

3,987
4,002
4,033
4,067

919
918
921
917

2,173
2,173
2,183
2,204

764
775
792
806

131
136
137
140

1,240
1,252
1,268
1,282

601, 985
673, 855
836, 995
778, 451

257, 734
293, 294
356, 736
316, 582

133, 912
145, 932
183, 761
173, 372

86, 167
95, 686
121, 369
114, 529

66, 112
77,258
92,094
93,904

58,060
61,685
83, 035
80,064

36, 986
35,525
42,883
41, 631

10, 896

4,764

1,615

3,149

4,085

914

2,210

816

145

1, 291

752, 267
763, 495

309, 265
309, 396

163,551
165, 803

110, 340
115, 180

91, 834
99, 022

77, 277
74,094

44, 553
45,298

May.
June
July
August
September
October
November
December

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 98>^ per cent are bonds and \Yz per cent are stocks. A compilation of the mortgages owned by 57 life insurance companies, by States, as of Dec. 31, 1925, appeared
in the September, 1926, issue (No. 61), p. 26.
2 Represents data on ordinary life insurance only (thus excluding industrial and group insurance) compiled by the Life Insurance Sales Research Bureau from 81 insurance 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, NewJersey, and Pennsylvania; Western Manufacturing district—Ohio, Indiana, Illinois, Michigan, and Wisconsin; Western Agricultural district—Minnesota, Iowa, Missouri.
North Dakota, Texas, South Dakota, Nebraska, Kansas, Arkansas, Louisiana, and Oklahoma. Southern district—Delaware, 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 from reports of companies which had on Jan. 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.




123
Table 102.—BANKING
DEBITS TO
INDIVIDUAL
ACCOUNTS i
YEAR AND
MONTH

In New Outside
New
York
York
City
City

BANK CLEARINGS 2

In New Outside CanaNew
York
City

dian ^

York
City

CONDITION OF
CONDITION OF FEDERAL RESERVE BANKS 3 REPORTING MEMBER
BANKS 3
Bills

dis-

count-

ed

tion

ments

Total

Total

serves

posits

re-

de-

Millions of dollars
1913
1914
1915
1916
1917
1918
1919

$7, 886
6,918
9,184
13, 298
14, 784
14, 878
19, 650

$5,749
5,508
5,879

11, 801
13, 944

659
637
859
1,021
1,115
1,351

20, 261

15, 801
12, 212
13, 204
15, 847
16, 347
18, 255
18, 653

1,632
1,401
1,304
1,392
1,367
1,346
1,414

2,557

3,154

1,755
550
751
362
500
581

2,664

26, 959

18, 190
20, 554
18, 598
20, 379

1, 278
1,647
1,613
1,835

23, 581
20, 098
23, 458
22, 537

27, 101
21, 453
28, 092
25, 964

19, 791
16, 725
19, 665
18, 852

26, 571
28, 196
27, 659
26, 233

21, 449
22, 466
23, 674
20, 755

23, 386
24, 195
23, 827
21, 676

18, 323
19, 098

25, 618
28, 755
25, 790
32, 577

21, 311

31, 258
27, 439

mo.
mo
mo.
mo.
mo.
mo.
mo.

av
av
av
av
av
av
av

$20, 343

$17, 598

1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo
1925 mo.
1926 mo.

av
av
av
av
av
av
av

20, 119
17, 258
19, 988
19, 866
21,961
26, 114
28, 255

20, 133
15, 995
16, 626
18, 777
19, 013
21, 368
22, 411

1925
September.
October
November
December

24, 369
28,916
27, 009
30, 313

20, 872
24, 008
21, 334
24, 058

21, 774
25, 952

1926
January
February
March.
April

30, 538
24, 813
33, 006
29, 300

May
June
July
August

September
October
November
December
1927
January _.
February
March
April
May
June
July..
August

34,492
32, 007
31, 270

32,008

$384
$1,154
,738
,937
,922
,744
,851
,941
2,111
2,247
2,286

43.5
61.4
77.5
76.4
80.4
74.8
74.1

$11, 927
10, 953
11, 788
12, 343
13, 450
14, 141

$3,364
4,230

2,268
2,297
2,291
2,357

72.5
72.5
71.1
67.3

13, 832
13,901
13, 959
14, 235

5,462

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

645
643
585
576

2,975
2,980
2,999
2,966

2,243
2,260
2,261
2,282

76.0
75.3
76.3
74.4

13, 874
14, 135
13, 976
14, 179

5,705

12, 917
13, 252

5,652
5,599

12,846

1,716
1,731
1,772
1,857

581
610
677
699

2,937
2,954
2,956
2,944

2,330
2,281
2,324
2,346

72.6
73.6
72.2
70.1

14, 395
14, 314
14, 375
14,569

5,634
5,578

13,003

365
435
456
444

1,688
1,717
1,711
1,718

607
602
593
562

3,133
3,144
3,183

79.6
78.5
78.8
79.5

14, 200
14, 297
14, 359
14, 353

5,540
5,662

3,207

2,245
2,290
2,328
2,314

497
477

1,740
1,703

593
594

3,154
3,184

2,367
2,399

76.8
77.6

14, 625
14, 718

$89
185
606
1,911
2,618

2,126

1,866
1,689
1,707

685
338
618
399
583
646
627

633
590
625
750

1,685
1,695
1,732
1,835

624
660
701
751

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

17, 472

1,403
1,411
1,376
1,345

474
515
521
620

1,673
1,697
1,671
1,703

21, 568
24, 464

21, 360
24, 333
22, 252
26, 715

17, 966
19, 754
18, 236
19, 757

1,320
1,579
1,669
1,664

717
632
645
711

23, 457
20, 781
24, 028
23, 579

25, 562
23, 059
28, 728
26, 465

18, 894
16, 721
19, 534

18,554

1,454
1,251
1,443
1,473

22, 875
23, 807

24, 743
27, 876

18, 617
19, 150

1,645
1,586

23,754

16,194
18, 158
17, 833
20, 823
23, 637
24, 196

23,477

19,184

Millions of dollars

94.6
83.5
75.6
57.0
50.2

$29
24
224
1,158
1,936

586
1,261
1,991
2,190

9,734

Total
Net
Total
loans
deand dis- invest- mand
counts ments deposits

$775
$144
231
466
592

7,713

Reserve
ratio

Per cent

Notes

Total
in cir- investcula-

2,215

2,239

2,672
3,149
3,192
3,196

2,869
2,955

2,866
2,893
2,861

2,822

2,917

$9, 26"0
10, 576
11, 302
10, 178

10,855

4,617

11, 143

4,968
5,464
5,579

12,065

5,440
5,443

13, 046
13, 082
13, 025
13, 261

5, 405

5,681

5,521
5,541

12, 892
12, 976

12,829

12, 961

12, 918
13, 033
13, 082

12, 879

12,904

5,914

13, 006

5,924

13,041

5,977
6,050

13, 414
13, 381

September
October..
November
December
* 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),
pp. 2 to 55, and in the October, 1926, issue (No. 62), pp. 22 to 24.
51
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 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.
4
Covering 16 cities.




124

Table 103.—PUBLIC FINANCE, INTEREST KATES, AND SAVINGS
UNITED STATES GOVERNMENT FINANCES i

YEAR AND
MONTH

MONEY
IN CIRCULATION 2

BROKERS' LOANS
(end of month)
By New
York
banks 4

Fed.
call
land
loans
banks
5
mos. s
()
(6;

Inter- Redis. New York United
med. N. Y.
State
States
credit Fed.
postal 9
savings
banks Res.
7
banks « savings
6
Bk.
()

Thousands of dollars

Per cent

Thousands of dollars
$1, 724, 607
$39, 750
1, 772, 357
59, 145
1, 805, 366
74, 349
1, 918, 453
112, 159
1, 989, 013
143, 193
2, 016, 866 . 167,653
2, 223, 216 161, 373

To New
Gross
OrdiCusTotal
York
nary
Peidebt,
Stock
toms ordinary expendi- Total capita
end of receipts receipts
Exchange3
tures
month
members

Millions
of dolls.

Mills,
of dolls. Dollars

Thousands of dollars

1913
1914
1915
1916
1917
1918
1919

mo
mo.
mo.
mo.
mo.
mo
mo

av
av
av
av
av
av
av

$1, 193
1,188
1,191
1,225
2,976
12, 244
25, 482

$26, 512
24, 344
17, 439
17, 636
18,832
15,000
15, 371

1920
1921
1922
1923
1924
1925
1926

mo.
mo.
mo
mo
mo.
mo.
mo.

av
av
av *
av
av
av
av

24, 298
23, 976
22,964
22, 350
21, 251
20, 516
19, 643

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

August

20, 063
19, 643
19, 613
19, 534

42, 707
47, 261
49, 352
51, 815

September
October
November
December

19, 473
19, 420
19, 389
19, 075

1927
January
February
IVIarch
\pril

$60, 315
$60, 474
61, 195
61, 282
57, 972
63, 353
65,003
61, 250
94, 037
165, 025
305, 382 1, 058, 153
429, 355 1, 543, 575

SAVINGS
DEPOSITS
(end of month)

INTEREST RATES
N. Y. ComL

TO

$696, 452
1, 156, 891

3.29
3.68
1.90
2.74
3.37
5.08
7.07

5.52
4.80
3.46
3.45
4.73
5.88
5.43

10 5. 50
5.83
5.67

5.00
5.00
5.00
5.00
5.00

$3, 289, 194

976, 888
774, 005
1, 319, 184
1, 391, 229
1, 564, 708
2, 336, 188
2, 704, 238

8.58
5.99
4.42
4.87
3.17
4.31
4.58

.7.38
6.54
4.43
4.99
3.91
4.02
4.24

5.50
5.83
5.67
5.63
5.75
5.25
5.25

6.50
5.88
4.20
4.46
3.67
3.46
3.84

2, 465, 491
2, 635, 572
2,800,118
3, 090, 659
3, 258, 920
3, 491, 492
3, 717, 807

42.21
41.85
42.01
42.02

2, 767, 401
2, 926, 298
2, 997, 760
3, 142, 148

2, 431, 505
2, 565, 177
2, 602, 042
2, 758, 274

3.97
4.19
4.43
4.59

4.00
3.88
3.95
4.31

5.25
5.25
5.25
5.25

5.00
13 4. 50
4.50
4.50

3.50
3.50
3.50
3.81

3, 667, 580 _.
3, 726, 826
3, 721, 746
3, 729, 404

4,906
4,933
4,940
5,001

42.34
42.53
42.62
43.03

3, 218, 937
3, 111, 177
3, 129, 162
3, 292, 860

2, 812, 971
2, 602, 196
2, 646, 653
2, 787, 761

4.90
4.75
4.59
5.15

4.43
4.50
4.44
4.38

5.25
5.25
5.25
5.25

4.50
4.50
4.50
4.50

4.00
4.00
4.00
4.00

3, 776, 911
3, 778, 155
3, 791, 144
3, 862, 801

254
506
329
511

4,713
4,779
4,758
4,784

40.51
41.03
40.81
40.99

3, 138, 786
3, 256, 459
3, 289, 781
3, 341, 210

2, 731, 940
2, 813, 045
2, 803, 312
2, 882, 994

4.28
4.13
4.10
4.34

4.13
3.88
3.98
4.06

5.25
5.25
5.25
5.25

4.50
4.50
4.50
4.50

4.00*
4.00
4.00
4.00

3, 888, 740
3, 903, 214
3, 973, 202
3, 963, 170

213, 028
363, 717

4,786
4,745

40.97
40.58

3, 457, 869
3, 568, 967

3, 061, 891
3, 117, 920

4.31
4.33

4.13
4.13

5.25
5.25

4.50
4.50

4.00
4.00

3, 972, 408
4, 034, 152

$3, 364
3,402
3,261
3,591
3,849
4, 336
4,795

$34 56
34.35
32.38
35.06
36. 96
40.96
45.18

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

183, 520
651, 639
236, 020
192, 954

250, 869
362, 203
222, 095
254, 802

4,871
4,835
4,858
4,864

55, 596
60, 969
52, 655
48, 431

576, 528
192, 919
176, 002
657, 096

290, 465
367, 595
364, 250
414, 032

19, 170
19, 153
19,008
18, 941

44, 695
43, 379
52, 753
51, 253

169, 583
165, 735
659, 116
190, 380

304,
158,
330,
310,

18, 874
18, 512

45, 615
48, 988

170, 370
742, 691

11

12

5. 50
5.17
4.58
4.71

6

163, 434
154, 124
138, 168
132, 190
133, 025
132, 824

1926
May
June
July

IVIay
June
July
August
September
October
November
December

i

"""" r

1 Compiled by the U. S. Treasury Department. Yearly figures under this heading represent averages for the fiscal year ending June 30 of the year indicated, except the
debt figures, which represent the condition on June 30. Debt figures up to the last two months are on a warrant basis, the current months being 9n a cash basis, as shown
in the preliminary debt statement, where further details may be obtained. Monthly data extending back to 1921 appeared in the March, 1924, issue of the SURVEY (No.
31), p. 56. Receipts and expenditures are shown in detail currently in the daily statement of the U. S. Treasury. The large total receipts every three months are due to
payment of income-tax installments. Expenditures represent those chargeable against ordinary receipts.
2 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 thereafter3 by the U. S. Treasury Department, Yearly figures are as of June 30.
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.
4
Compiled by the Federal Reserve Board from reports, beginning with 1926, 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 (for
out-of-town banks, or others), differentiating in each case between call and time money, are given in the board's weekly press releases. Prior to 1926, the figures are based
on daily reports of 43 banks, a few of them nonmembers of the Federal reserve system, and did not include for some banks the loans to dealers in securities. However, the
figures are fairly comparable. Prior to April, 1921, the data represent the last Friday in each month, instead of the last Wednesday. Complete weekly data in detail from
1917 were published in the November, 1926, issue of the Federal Reserve Bulletin, pp. 779-786.
c 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 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 on mixed collateral.
Detailed data by months from 1913 are given in the June, 1924, issue (No. 34), p. 56.
6
Compiled by the Federal Farm Loan Board, representing average interest rates charged by the Federal farm loan banks and intermediate credit banks, respectively.
These rates are based on the interest rates on farm loan bonds issued by the respective banks, being limited by law to a rate not exceeding 1 per cent higher than the
rate of the bond issue. The law limits interest rates to a 6 per cent maximum. The rates given here for intermediate credit banks are those for direct loans only. For
descriptions of these banks and the type of their loans, see Table 105. The land bank rates since the beginning of 1925 range from 5 to 5H per cent, the figure of 5% being
merely an average of these rates and not the actual rate.
7 From the Federal Reserve Board. Monthly averages for years prior to 1922 cover only 61-90 day commercial, agricultural and livestock paper; since then rates shown are
applicable to all classes and maturities of eligible paper.
8
Compiled from data furnished by the Savings Bank Association of the State of New York, comprising all savings banks in New York State at semiannual periods, totaling about 150 banks. For the intervening months, for which figures were compiled beginning in 1924, a few banks, representing about 1 per cent of the total deposits do
not report and their deposited balance at the last semiannual period is added to the figures of the reporting banks to secure complete data. Yearly figures from 1914 to
1920, inclusive, and for 1923, are averages of deposits on June 30 and December 31 of each year; 1913 figures are for December 31; 1921 data are averages of four quarterly
figures, and for 1922 the first three quarters are averaged.
9
Compiled by the U. S. Post Office Department, showing depositors' balance in all postal savings accounts throughout the country at the end of the month. Details
for principal cities are given in the department's monthly statement of postal savings business.
42
*° Average of 8 months, May to December, inclusive
Average of 10 months, March to December, inclusive.
13

11 Average of 3 months, October to December, inclusive.
Rate change occurred during this month, but not usually on the first day of the month.



125
Table 104.—STOCKS AND BONDS
BOND NEW YORK STOCK EXCHANGE
SALES 2
YIELDS

BOND PRICE INDEXES

STOCK PRICES

0)
YEAK
AND

MONTH

ComCom10
10
10
10
South- Com- high- sec- public Indus- bined 5 Libbined
bined
35
25
ern
index indus- rail- cotton index
est
ond utility trial index erty
and
(40 grade grade bonds bonds
(66
(103
trials roads mills
bonds) rails rails
stocks
(6)
(6) bonds) Treas(4)
(4)
ury
6
7
6
6
3
(5)
()

()

()

()

()

Per cent of par value of 4 per cent bond

Dollars per share

16
foreign

Munici- Stocks
.pal
bonds

Miscellaneous
bonds

Liberty
and
Treasury
bonds

Total
bonds

Per
cent

Thous.
of shares

4.45
4.16
4 23
4.06
4.31
4.58
4.50

Per cent of par value

6,924
3,992
14, 448
19, 404
15, 378
11, 948
23, 073

$41, 499
56, 959
79, 623
94, 199
. 61, 866 8 $40, 492
47, 544
117,059
71, 322 236, 814

$41, 499
£6, 959
79, 623
94, 199
85, 690
164, 603
308, 136

Thousands of dollars
par value

$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
75.88
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

$84. 57
97.08
89.59
88.74
110. 63
113. 56

107. 21
79.38
98.58
107. 78
115. 08
152. 65
165. 70

55.94
53.21
62.38
60.15
67.18
82.48
93.27

$138. 45
124. 68
116. 99
114. 25

59.70
60.15
74.11
71.72
74.32
77.04
80.36

71.33
74.39
85.50
82.86
85.11
86.96
89.48

58.54
61.43
71.76
67.71
71.96
76.69
81.21

51.99 60.12
53.92 55.28
67.50 » 74. 00
66.26 72.27
68.93 73.21
70.81
75.45
74. 40
77.86

85.38
94.93
93.46
95.68
97.52
99.23

93.20
99.54
98.77
101. 44
102. 62
102. 73

92.42
101. 22
100. 22
101.71
103. 04
103. 31

5.04
5.02
4.21
4.27
4.21
4.13
4.14

18, 728
14, 334
21, 852
19, 773
23, 503
37, C84
37, 425

88, 563
115, C86
206, 948
161, 521
243, 145
256, 621
238, 734

235, 406
173, 130
136, 442
66, 549
72, 178
29, 503
21, 311

323, 969
288, 816
343, 390
227, 903
315, 323
286, 124
260, 045

1935
Sept
Oct
Nov
Dec

115.71
121.39
120. 05
121. 84

162. 83
173. 56
177. 26
177. 74

84.73
84.92
88.56
92.45

114.42
115.89
118. 27
118.88

76.92
76.73
77.12
77.56

86.54
86.06
86.22
86.90

76. 91.
76.78
77.73
78.28

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

1926
Jan
Feb
Mar
Apr

120. 42
119.92
106. 63
108. 94

179. 90
179. 55
158. 05
144. 70

92.40
90.83
87.35
86.33

120.49
120.89
119.49
117. 79

78.59
78.69
79.32
80.16

87.99
88.77
88.71
89.83

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
35, 462
52, 040
30, 224

262, 897
218, 297
247, 061
269, 232

29, 680
17, 938
27, 106
28, 948

292, 577
236, 235
274, 167
298, 180

May
June
July,...Aug

108. 13
111.50
112. 75
115.64

146. 95
155. 81
163. 01
172. 22

88.04
92.37
93.77
96.14

115. 04
113.84
110.58
110. 33

80.68
80.82
80.56
80.48

89.99
85.59
89.11
89.23

81.97
82.20
81.53
81.20

74.24
74.89
75.14
74.78

78.15
78.08
77.79
78.09

99.43
99.42
99.15
99.08

102. 78
102. 95
102. 74
102. 56

102. 83
103. 31
103. 40
103. 61

4.12
4.10
4.11
4.12

23, 188
37, 990
36, 732
44, 189

226, 854
250, 875
221, 926
203, 543

20, 857
26, 452
20, 052
11, 906

247, 711
277, 327
241, 978
215, 449

Sept
Oct
Nov
Dec

114. 48
111.61
115.32
117.43

172. 26
164. 63
171. 95
179.36

99.43
94.93
97.43
100. 25

110. 68
110. 67
110. 79
110.46

80.42
80.31
81.36
81.95

89.36
89.52
90.42
91.19

81.23
81.33
82.27
82.51

74.67
74.29
75.60
76.59

77.82
77.59
78.60
78.89

99.01
99.41
99.74
100. 14

102. 27
102. 62
102. 88
103. 50

103. 64
103. 80
103. 92
104. 04

4.16
4.16
4.14
4.13

36, 904
40, 213
31, 183
41, 891

175, 594
217, 302
272, 138
299,088

14, 060
15, 870
17, 457
25, 403

189, 654
233, 172
289, 595
324, 491

1927
Jan
115. 29
119. 69
Feb
Mar..... 120. 30
121.65
Apr

175. 39
181.06
188.70
199. 99

101. 55
105. 66
106. 58
110. 74

109. 72
110. 36
110. 73
111.36

82.52
82.23
82.66
83.19

91.97
91.51
92.96
94.74

83.52
83.29
83.72
84.48

76.66
76.32
76.10
76.19

79.51
79.32
79.65
79.58

100. 38
100. 27
100. 71
100: 67

103. 31
103. 37
103. 62
103. 41

105. 23
104. 84
105. 02
104. 74

4.08
4.08
3.98
3.95

34, 757
44, 163
56, 057
49, 636

326, 065
282, 405
213, 565
290, 520

25, 349
15, 288
45, 471
25, 800

351, 414
297, 693
359, 036
316, 320

131.18
125. 45

209. 83
211.25

113.60
115.63

111.93
112. 34

83.37
82.69

95.06
93.48

84.84
84.10

76.49
76.76

79.38
78.37

101.03
100.63

104. 14
103. 71

105.07
104. 96

3.95
4.01

46, 598
47, 630

303, 510
288, 469

31, 163
34, 837

334, 673
. 323, 306

1913m. a.
1914 m.a.
1915 m.a.
1916 m.a.
1917 m.a.
1918 m.a.
1919 m.a.

1920
1921
1922
1923
1924
1925
1926

m.a.
m.a.
m.a.
m.a.
m.a,
m.a.
m.a.

May
June
July
Aug

70.51
75.89
71.35
69.36
70.76

Sept
Oct
Nov
Dec
1
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.
2
Bond sales from Dow, Jones & Co.; stock sales from the Annalist. These data include only sales on the New York Stock Exchange and not those in the "over-thecounter" market or on other exchanges. Monthly data from 1920 are given for most items in this table in the May, 1922, issue (No. 9), pp. 125 and 129.
s 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, issue (No. 16), p. 47.
6 Compiled from weekly quotations of 25 southern cotton-mill stocks as furnished by R. S. Dickson & Co. Monthly data from 1923 may be found on page 24 of the
March, 1926, issue (No. 55).
6
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.
i 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 railroad, 10 public utility, and 5 telegraph and telephone issues.
8
Seven months' average, June to December, inclusive.
• Five substitutions in this series in January, 1922, account for the violent change in the index.




126
Table 105.—NEW SECURITY ISSUES AND AGRICULTURAL FINANCING
TAX-

CORPORATE SECURITIES 1

TIES 4

YEAR AND
MONTH

Total

Permanent
loans
(long
term)

ReBonds New
Stocks and capital funding
notes

TemTotal
Corporary Govt. Mu- pora- outand
loans pro- nici- tion stdg.,
pal bonds end of
(short
term) vincial
mo.

monthly av. $137, 145
monthly av. 119, 710 .
monthly av_ 119, 613
monthly av_ 182, 208
monthly av_ 127, 498
monthly av 112, 068
monthly av_ 251, 764

1920
1921
1922
1923
1924
1925
1926

monthly av.
monthly av.
monthly avmonthly av_
monthly av_
monthly av..
monthly av.

1936
January
February
March
April

247, 188
201, 234
255, 868
267, 704
319, 890
394, 843
441, 629

614, 549
__ 414, 189
480, 400
442, 586

Thousands of dollars

$4, 422 $9, 647
7,118 7,032
17, 901 5,542
17, 385 4,158
56, 198 2,365
58, 000 4,917
64, 429 2,583

$6, 171
3,644
1,888
3,540
2,708
628
5,121

$4, 567 $172, 301
120, 306
4,989
164, 915
5,201
276, 925
5,587
373, 198
6,929
8,052
183, 275
7,905 1, 056, 519

$89, 253 $157, 935 $225, 825 $21, 357
23, 271 117, 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, 248 285, 595 341, 727 53,115
109, 814 331, 815 363, 084 78, 546

64, 742 55, 341
115, 281 63, 503
106, 629 32, 965
94, 597 42, 846
120, 557 81, 590
117, 059 72, 172
113, 503 55, 101

9,749
13, 395
27, 125
25, 107
25, 748
22, 189
14, 897

4,466
7,052
7,290
7,227
7,270
3,849
5,242

3,846
5,121
6,729
10, 880
15, 284
12, 993
22, 146'

8,529 1, 249, 920
9,217
663, 260
700, 013
10,400
780, 896
11, 513
12, 799
596, 227
823, 434
13, 861
912, 278
14, 890

338, 234
76, 951
373, 381 79, 124
546, 519 143, 410
732, 365 » 131, 837
879, 929 421, 394 $50,883
974, 737 502, 183 64, 333
1, 045, 135 599, 265 81, 239

171, 742 442, 807
126, 150 288, 039
181, 291 299, 109
31, 733 410, 853

545, 843 68, 707
381, 093 33, 095
443, 232 37, 168
331, 516 111, 070

75, 050 79, 824
5,200 12, 615
146, 457 23, 866 105, 000 1,861
117, 632 122, 301
5,000 1,888
*
5,735
117, 553 72, 748

8,725
2,310
16, 540
50, 575

14, 431 1, 040, 096
14, 505 2, 675, 185
14, 664
748, 505
14, 734 1, Oil, 931

1, Oil, 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

14, 806
14, 894
14, 984
15, 014

807, 366
757, 355
454, 855
505, 770

1, 038, 385
1, 043, 955
1, 048, 275
1, 053, 336

594, 028
600, 150
605, 718
610, 794

78, 554
76, 450
71, 139
78, 083

11, 870
11,188
10, 803
10,504

$110, 498
237, 478

$34, 257

$174, 051
103, 646
60, 438
28, 191
11,116

12, 237
93, 363
59, 748
67, 295

141, 006
145, 616
90, 694
68, 853

35, 533
58, 335
51, 831
38, 055

283,
276,
330,
353,

231 45, 474
706 73, 776
694 264, 543
228 76, 076

135, 129
105, 076
71, 726
147, 247

54, 613
42, 075
11, 882
70, 149

4>
3,771
6,000 3,374
2,540 12, 967
2,827 4,712

51, 713
33, 960
415
5,460

15, 100
15, 143
15, 146
15, 263

580, 387
901, 303
552, 787
851, 660

1, 057, 217
1, 063, 056
1, 068, 596
1, 077, 819

614, 639
619, 217
624, 230
632, 476

78, 490
84, 665
87, 977
92, 434

9,629
9,154
8,421
7,671

507,
540,
392,
389,

503
588
426
915

174, 675 30, 476
72, 761 121, 867
93,504 67, 501
124, 983 67, 252

35, 611 13, 998
640 1,842
*
5,176
10,044 11, 531

7,494
13, 000
14, 625
31, 260

15, 332
15, 475
15, 553
15, 599

739,
942,
307,
271,

730
925
744
448

1, 085, 170
1, 097, 642
1, 109, 354
1, 117, 914

639, 651
647, 762
656, Oil
614, 481

93, 013
82, 424
78, 383
76, 895

7,310
6,815
6,347
5,220

8,400 1,517 30, 100
271 2,226 1,374

15, 731

292, 280
314, 363

1, 124, 055
1, 130, 648

617, 220
607, 517

70, 888

5,050
4,846

453, 868
472, 402
474, 384
243, 450

196, 423
57, 196
101, 036
46, 507

257, 445
415, 206
373, 348
196, 943

441, 631
379, 039
414, 635
176, 155

September
October
November
December

328, 706
350, 483
595, 237
429, 304

48, 327
58, 490
203, 909
94, 9S9

280, 379
291, 993
391, 328
334, 335

1927
January
February
March
April

610, 035
785, 649
494, 373
521, 496

108, 511
277, 978
114, 507
101, 403

501,
507,
379,
420,

711, 861
707, 548

127, 464 584, 397
(155,867 551, 682

Septem ber
October
November
December

FedWar
Federal
FiJoint
eral
stock inter- nance
farm
and in cd. Corpoloan
credit
rabanks 6 banks ° banks ~ tion s

$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

May June
July
August

May
June
July
August

(end of month)

NEW
INCORPORATIONS 5

Mil. of
dolls.

Thousands of dollars
1913
1914
1915
1916
1917
1918
1919

AGRICULTURAL LOANS
OUTSTANDING

MUNICIPAL CANADIAN BOND EX.
SESECURITIES 2
ISSUES 3
CURI-

524
671
687
093

102, 532
245, 061
101, 947
131, 581

446, 072 265, 789
538, 295 169, 253

210, 388
152, 235

25, 000
21, 943
5,250
*

18, 010
26, 081

6,643 2,100
3,342 34, 005
4,950 48, 005
1,051 11, 949

i

i
_
IS
i|

'

1

|

* None.
* Compiled by the Commercial and Financial Chronicle, except for data previous to 1920, which are from the New York 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 187. Further details are given in the Commercial and Financial Chronicle.
2
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 permanent loans.
3
Issues of Canadian bonds from The Financial Post, Canada.
4
Compiled by the U. S. Treasury Department from actual reports and estimates of the net amount of fully tax-exempt securities outstanding at the end of the month
(i. e., total outstanding less amounts in sinking fund or owned by the United States Government). The detailed estimates show separate classifications for (1) States, counties, cities, etc., (2) Territories and insular possessions (3) United States Government, and (4) Federal farm loan system. Monthly figures since January, 1913, were given
in the May, 1927, issue (No. 69), page 23.
5 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 1923 appeared in November, 1924, issue (No. 39), page 187.
6
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.
? 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
loan8companies.
Data from the War Finance 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.
» Six months' average, March, June, September, October, November, and December.




127
Table 106.—NEW SECURITY ISSUES BY CLASSES
CORPORATE ISSUES

YEAR AND
MONTH

Foreign
government

LONG-TERM REAL ESTATE BONDS
Purpose of issue

Total
corporate

Rail- Public Indusroads utilities trials

Oils

Shipping
Land,
Grand
To
and
building, etc. miscel- total finance
conlaneous
struction

Kind of structure

Acqui- Office

Inter-

Real sitions and
est
estate and other Hotels Apart- rates
mort- im- comments
gages prove- merments

cial

Thousands of dollars

1919 mo
1920 mo
1921 mo
1922 mo

av
av
av
av

1923
1924
1925
1926

av
av
av _
av

$36, 640
24,250
31, 606
35, 942

Per ct.

$228, 304 • $17, 343
247, 192
31,490
199, 242
54,607
54,294
256, 107

$38, 523
41, 402
55, 924
80,007

$73, 455
88, 595
43, 881
52, 818

$54, 310
38, 222
27, 671
25, 192

$5, 565
7,700
4,542
14, 875

$25 908
30, 970
13, 450
28, 920

$13, 338

$8, 452

$1, 066

$2, 209

$6, 171

$2, 676

$2, 404

6.91

20,237
69,000
53,782
42,844

269, 403
319, 881
394, 843
441, 630

43, 187
78, 358
42, 892
35, 215

94,866
127, 470
143, 753
164, 538

68, 248
51, 512
76, 887
88, 938

18, 822
15, 627
23,545
41,643

21, 013
27, 958
62, 722
61, 347

23,268
18,956
39, 623
46, 348

19, 940
26,604
57, 963
53, 701

13, 014
19, 001
33, 322
29, 480

2,157
4,328
12, 613
10, 643

3,696
1,057
7,233
6,881

9,723
12, 214
21, 892
21,806

4,354
4,964
9,761
8,637

3,499
5,567
8,155
7,261

6.58
6.50
6.29
6.18

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
63,899
51, 962
195,904

76,400
18, 435
6,900
32, 731

53, 893
39, 283
60, 972
60,561

31, 815
33, 817
22,382
21, 365

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

May
June
July
August

5,943
140, 188
144, 500
8,700

295, 872
379, 269
398, 059
240, 987

48, 497
36, 527
65,000
19, 245

122, 935
141, 419
107, 853
111, 539

49, 794
23, 610
92, 445
39, 178

12,288
16, 359
40, 722
14,547

40, 453
116,262
63, 269
36, 994

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

September
October
November
December

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
99, 918
82, 759
94, 335

20,400
2,500
20, 757
20, 500

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

1936
January
-February
March
April

24,972
3,800
21,500
83,100

614, 549
414, 188
480,400
442, 586

46, 670
23, Oil
31, 930
61,924

206, 246
149, 658
137, 426
216, 932

151, 052
162, 237
95, 366
51,100

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

May
June
July
August

42,000
27,600
12, 520
34,000

453, 868
472, 402
474, 383
243, 450

17, 925
40, 376
40, 775
15, 085

274,824
215, 876
211, 829
69, 434

51, 178
76, 744
91, 801
66, 035

3,500
2,050
6,500
10, 500

50, 481
94,744
82, 893
52, 628

55, 710
42, 362
40, 585
29, 618

49, 754
82, 985
69, 408
48, 220

18, 239
40, 945
43, 660
18,845

12, 615
7,425
18, 125
18, 760

15, 480
13, 180
3,138
8,000

29, 191
34, 295
22, 640
8,915

4,833
16, 505
29, 345
8,960

7,875
7, 035
8,850
7,070

6.22
6.15
6.23
6.15

September
October
November
December

74,900
118,000
24,240
47, 492

328, 705
350, 482
595, 237
429, 304

61,706
12,190
27, 821
43, 170

45, 930
147, 311
162, 328
136, 656

114, 938
55, 117
73,058
78, 624

None.
31, 212
230, 968
50,000

48, 537
80, 142
51,068
65, 993

57, 595
17, 260
49, 494
54,861

42, 606
67, 545
40, 330
55, 715

27,700
24, 015
30, 375
32, 805

7,021
19, 160
4,845
8,100

2,385
14, 300
4,110
4,150

21, 350
14, 105
23, 910
22, 475

1,630
5,175
6,235
4,660

4,270
11, 320
5,945
7,670

6.10
6.08
6.14
6.16

1937
January
February
March
April

52,383
74, 670
84,140
121, 686

610, 035
785, 649
494, 373
521, 496

9,346
131, 872
89, 716
57, 830

309, 084
374, 775
188, 212
196, 731

106, 350
150, 115
50, 979
58, 963

68, 588
2,700
31, 500
79, 500

74, 381
55, 763
58, 510
56, 294

40, 286
70, 424
75, 081
71, 851

67, 960
48, 798
46, 840
49, 794

36, 767
17, 443
11, 900
25, 912

17, 480
9,630
11, 410
13, 937

6,663
14,700
18, 790
1,470

23, 295
18, 708
8,315
18, 177

4,050
925
2,860
11, 380

11, 827
3,780
2,775
2,720

6.13
6.08
6.03
6.12

23, 000
54,400

711, 861
707, 548

129, 225
204, 223

255, 614
155, 006

83,288
159, 767

75,100
30,000

41, 510
74, 720

67, 124
83, 833

35, 520

13, 740

9,165

1,975

10, 070

600

3,430

6.07

mo.
mo
mo
mo.

1935
January
February
March
April

May
June
July
August
September
November
December

1
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 represents 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
miscellaneous 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.




128

Table 107.—BUSINESS PROFITS AND LOSSES
DIVIDEND AND INTEREST
PAYMENTS

BUSINESS FAILURES 1

S
£

1,336 $10, 366
1,523 11,312
1,846
9,335
1,415
6,083
1, 154
6,628
832
6,121
538
4,301

353
385
426
349
308
230
155

24, 593
52, 361
51, 989
44, 885
45, 269
36, 979
34, 103

740
1,638
1,973
1,560
1,718
1,768
1,814

10, 666
19, 488
17, 910
23, 379
23, 897
13, 974
13, 178

220
375
473
414
434
424
450

21, 232
22, 615
17, 495
16, 933
17, 948
16, 779

461
1, 166
1,410
1,089
1,197
1,263
1,272

1,767
1,745
1,685
1,513

18, 184
16, 159
10, 932
22, 339

400
431
418
365

15, 820
17, 213
15, 961
13, 460

1,286
1,229
1,184
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, 651
34, 176
30, 623
38, 487

2,296

16, 084
10, 822

21, 512
20, 317
18, 623
19, 094

1, 696
1,282
1,424
1,378

6,056
3,037

16, 734

510
447
4C9
494

90
72
91
85

33, 543
29, 408
29, 680
28, 130

1,730
1,708
1,605
1,593

16, 157
10, 092
11, 167
12, 616

437
435
396
449

15, 710
15, 525
14, 614

1,676
3,791

14,096

1,216
1, 160
1,122
1,071

1,519

77
113
87
73

29,990

1,437
1,763
1,830

10, 093
11, 650
16, 097

2,069

16,758

374
450
440
494

11, 242
15, 874
14, 158
20, 579

958
1,205
1,285
1,469

8,654
5,707
2,439
8,282

105
108
105
106

51, 290
46, 941
57, 891
53, 156

2,465
2,035

19,996

2,143
1,968

10, 518
22, 368
25, 278

501
411
5C9
492

24, 530
23, 406
28, 191
22, 308

1,842
1,508
1,468
1,342

37, 785
34, 465

1,852
1,833

13, 802
13, 587

444
427

19, 978
17, 856

1,292
1,310

$22, 818
29, 821
25, 106
16, 354
15, 203
13, 590

9,442

1920 monthly av _
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly a v _ _ _
1926 monthly av

3D

8
£

Thous.
Thous.
Thous.
of dolls. No. of dolls. No. of dolls. No.

No.

37, 027
36, 701
34, 505
37, 159

1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av_
1919 monthly av

1
3
J2.

VI
3
£

Thous.
of dolls.

Thous.
of dolls. No.

Banks
(quarterly)

$9, 583
13, 805

12,436
7,616

5,843
4,825
3,139

7,380

929
1,071
1,336
994
786
541
334

$2, 869

4,704
3,335
2,655
2,732
2,644
2,002
6,547
11, 641
11, 465
4,012

4,439
5,058
4,155

Dividend payments
Canadian Liabilities

£
£

as

Liabilities

02

Trade estab- Agents and
lishments
brokers
Liabilities

Manufacturing
establishments
Liabilities

Firms

YEAR AND MONTH

Liabilities

Total
commercial

Thous.
of

dolls.

54 5 $7, 887
67 14, 001
84
9,306
1,598
73
4,614
61
1,284
60
48
4,131

530 $1, 388 •
54 2, 562
33 2,698
12
1,312
12
1,138
6
1,035
12
843

59
96
89
57
85
80
93

12, 675
43, 254
19, 434
50, 934
50, 731
41, 175
53, 019

30
102
69
144
153
116
152

42, 859

111

1,845
4,221
4,771

4,285
3,378
2,990
2,369

05

e
5

Total
Av.
diviInduspaydend
trial Steam Street ments
and inand
on
terest Total miscel- rail- rail- induspaylane- roads ways
trial
ments 3
ous
stocks4
(qtly.)

No.

Dolls,
per
share.

Thousands of dollars

152 $148, 103 $69, 838 $38, 527 $24, 733
241 148, 948 68, 481 36, 530 24, 549
219 155, 426 66, 020 36, 374 23, 613
148 177, 919 77, 176 44, 986 26, 095
93 199, 095 89, 856 56, 542 26,038
68 227, 061 85, 184 53, 788 24, 135
52 265, 764 78, 912 48, 264 23, 705
82
199
271
243
192
176
176

284, 573
278, 484
283, 310
298, 768
320, 049
340, 492
361, 326

81, 841
76, 872
77, 554
80, 271

$4,906
5,368
5,149
6, 020
6, 493
6,318

5,977
6,074
5,970
5,902

89, 246
93, 366

50, 140
45, 2CO
43, 723
45, 120
47, 181
49, 671
51, 641

23, 832
23, 668
23, 508
24, 093
25, 100
26, 251
27, 528

176
151
155
111

328, 225 59, 725
323, 400 68,900
438, 785 115, 385
215, 800 83, 900

29, 600
40, 950
59, 075
46, 500

24, 075
23, 450
30, 510
32, 275

320, 170 68, 920
427, 225 102, 925
300, 500 73, 700
323, 348 75, 995

45, 300
66, 375
32, 500

17, 250
25, 900

10, 650

33,9CO

7,300

54,6CO

15, 180

5,215

249
188
159
153

511, 725 166, 775
220, 215 83, 715
335, 267 91, 045
426,200 99, 700

68, 200
46, 075
53, 4CO
C3, 2CO

28, 775
30, 215
32, 575
26, 175

18, 100

158
150
170
141

289, 800 64,200
341, 450 71, 450
494, 7CO 121, 500
234, 635 87, 135

32, SCO
41, 750
62, 300
47, 950

24, 950
24, 575
31, 9CO
33, 500

6,750

156
190
188
204

321, 542 72,800
447, 500 106, 650

47, 050

221
189
188
152

579, 850 178, 900
242, 350 87, 350
346, 870 95, 250
460, 100 104,200

47, 600
65, SCO
65, 475

27, 550

11, 175

157
156

322, 706 67, 805
365, 173 74, 475
553, 553 129, 850

34, 150
43, 275
65, 2CO

26, 3CO
25, 450
33, 450

5.36
3.45
5.09
6.68
6.19
5.85

10, 900
5,125

141
183
167
212

$5.23

7,350
5,750

84,391

7,008
7,778
8,496

6.59
4.94
4.40
5.46
5.55
7.09
7.58

6,050
4,500

6.55

6,313

1925
May
June
July
August

September
October
November
December

_ __

1926
January
February
March
April
May

June
July
August
September
October
November
December
1927
January
February
March
April
May

June
July
August

. _ __

33, 231
32, 694
45, 620

1,801
1,984
1,957

9,862

2,138

2,660

3,898

6,116

2,204
2, 627
967

11,613

46

1,895

3,533
2,352
66, 301

25, 894

1C3

3,156

94

2,677
2,663
2,244
3,212

30, 309

115

1,767
1,461

2,594
1,720
73, 651

169

82, 221

230

2,059
2,384
2,712

2,930

6,764 122

2,954

116
106
134

2,213
2,019
1,557

13, 017

7,332
5,570

4,005 116
3,022 96

65, 802

174

1,826
25, 428

81

2,958

330,900

78,600

340, 681

79, 050

5,375

7,425
5,070

6.95

8.32

7.15

10, 325
5, 125

7.65

11,600
5,685

18,500 6,250
68,300 27, 050 11,300
34,700 35, 750 8,150
56,450 16, 525 6,175
73,000 30, 900 19, 200
31,650 8,100
5,900
33, 850

7.62

7.90

8.45

13, 200

•

September
October
November
T)p,o,p,mbo,r
1
Compiled by Dun's Retfiew;. for annual data in greater detail, see April, 1924, issue of the SURVEY (No. 32), pp. 57-59. Monthly data on total commercial failures from
1913 3ajjyotneu in December, 1923, issue ^J/NU. ^.cv, p. 53; monthly data on all classes from 1921 appeared in June, 1924, issue (No. 34), p. 55.
appeared i.u j-^eucmijci, j.»^o, loatic (No. 28),
Canadian business failures from Bradstreet's.
s 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
stocks compiled by the
Trust Co.
stocks included in the Dow-Jones index of stock prices, com prising 12 stocks from 1900 through on industrialstocks from 1915 throughClevelandThe figures for the industrial averages of the amount of dividends paid per share for these
1914 and 20
1924.
are unweighted
stocks in each quarter, reduced to an annual basis. Quarterly figures extending back to 1900 appeared in April, 1925, issue (No. 44), p. 29.
http://fraser.stlouisfed.org/
fi Yearly
Federal Reserve Bank of St. Louis data are quarterly averages.

129

Table 108.—CORPORATION PROFITS AND STOCKHOLDERS
QUARTERLY
STOCKHOLDERS 2

NET PROFITS 1

H

OD

8

£

Miscellaneous

1

Machinery

«2

Metals and
milling

k
r

Pennsylvania
R. R. Co.

Industrial
Motors and
accessories

YEAR AND QUARTER

Railroad
and
telephone
Telephone

1

Domestic

Millions of dollars
1913 quarterly
1914 quarterly
1915 quarterly
1916 quarterly
1917 quarterly
1918 quarterly
1919 quarterly

Domestic

Foreign

111,316

11, 258
11,839
11,816
6,884
2,235
1,773
1,727

126, 421
138, 450
136, 181
138, 846
142, 718
144, 380
140, 954

1,500
1,743
2,869
2,847
2,925
2,968
2,911

137, 007
139, 702
138, 243
138, 847

1,386
1,373
1,362
2,852

103, 093
103, 976
105, 355

138, 895
136, 940
134, 279

72, 714
78, 682
81, 603
85, 343
93, 331
102, 798

3

41, 436
47, 777
42, 020
39, 365
44, 531
64, 314
73, 510

3

1,529
1,697
1, 980
939
1,191
1,484
1,475

American Teleph.
& Tefeg. Co.

Shares
held
Doby
mestic
brokers
Per ct.
of total

Number

av___
av___
av...
av__.
av _ .
av.._
av. __

1920 quarterly av _ . .
1921 quarterly av. _ .
1922 quarterly av
1923 quarterly av._.
1924 quarterly av
1925 quarterly av
1926 quarterly av__.

Foreign

TJ. S. Steel Corp.
(common stock)

51.48

46.73
45.87
55.08
51.88

43.22
40.65

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
377, 563

1, 267
2,013

$246

388
480
546

246
283
308

$34
38
47
53

$120
104
150
185

$35
27
56
65

$41
29
34
43

$15
17
21
28

$12
13
14
18

$6
5
8
11

$4
4
5
5

$8
10
13
16

1931
March ._ __ ..
June
.
September
December
1933
March
June
September
December

-_

1933
March
June
September.
December

30.35
22.45
24.36
22.76
22.97

24.27

106,061

1,283
1,334
1,368
1,379

22.61
21.49
21.44

144, 716
153, 649
172, 770
183, 676

1,774
1,953
2,146
2,180

2,915
2,888
2,851
2,820

105, 261
97, 989
94, 789
92, 281

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

134,609

$400

1,300
1,341
1,380
1,431
1,557
1,511
1,587

2,524
2,603

88,085
104, 621

97,580
94, 489

96,081
91,043
87, 467

26.31
28.01

2,298
2,644
3,086
3,796
4,753

2,233
2,309
2,431

339
453
422
386

185
262
276
261

36
36
30
35

118
155
116
90

39
50
29
20

27
46
43
46

17
21
14
6

12
13
13
9

7
8
7
3

4
5
4
3

12
12
6
3

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

374
328
412
439

203
189
286
307

35
37
37
43

136
102
89
89

37
23
22
25

45
30
18
22

24
18
16
8

12
13
15
12

6
5
4
6

4
4
4
4

8
9
10
12

142, 339
142, 965
143, 307

2,987
2,901
2,903
2,913

97, 135
97, 577

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

1935
March
_
June
September.
December

377
446
563
533

205
234
359
334

44
46
45
51

128
166
159
148

41
66
63
54

33
34
33
35

18
25
22
18

12
15
16
13

9
7
7
9

5
5
5
5

!0
14
13
14

143, 224

2,939
2,966
2,981
2,986

92, 552
91, 910

1,490
1,525
1,526
1,504

26.81

345, 451
354,279
355, 895
357, 242

3,740
3,994

1936
March
June
September
December

439
527
656
557

224
271
393
343

51
52
51
57

164
204
212
157

58
82
76
43

.41
43
46
43

19
30
37
20

17
20
21
15

10
9
10
13

6
5
5
5

13
15
17
18

141, 097
141, 365

89, 102
92, 031

1,575
1,618
1,572
1,582

29.92

141, 202

2,931
2,909
2,892
2,913

28.99

362, 093
368, 410
385, 907
393, 843

4,432
4,557
4,937
5,084

469

227

59

183

74

40

20

18

11

5

15

142, 593

2,901

1,599
1,604

27.59
26.53

412, 921
415, 024

5,267

1934
March
June
September
December

__

"

1937
March
.
June
September
December

.--

142,261

146,988
145,583
141, 725

140,153

94,904
94, 708

90,651
89, 057

84,287
84,447

85, 529

88,665

26.21

25.45
25.39
27.60

24.10
29.01

2,719

2,729

3,199

3,508

4,102

4,347

5,190

1
Compiled by the Federal Reserve Bank of New York from quarterly reports of net profits of 355 companies, consisting of 185 Class I railroads, 71 telephone, 18 motor
and accessories, 14 oil, 12 steel, 13 food, 10 metal and mining, 10 machine manufacturing, and 22 miscellaneous companies.
2 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 Dec. 31 or Jan. 1.
s Dec. 31 figures; other quarters of 1915 not available.

54177°—27



9

130
Table 109.—FOREIGN EXCHANGE AND CANADIAN TRADE
EUROPE

YEAR AND MONTH

England

France

Italy

ASIA

SwitBelNethergium lands Sweden zerland

CANADIAN
FOREIGN TRADE 2

THE AMERICAS

Japan India ? Canada Argen- Brazil
tina

Chile

Rate 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
gold
franc
guilder krone
yen
dollar
milreis paper
franc
rupee
lire
sterling franc
peso
peso
Par value (or 1913
mo. av.) . _ .
1914 monthly av._.
1915 monthly av_._
1916 monthly av.__
1917 monthly av...
1918 monthly av__.
1919 monthly av...

$0.402

$4.87
4.93
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

.394

3.66
3.85
4.43
4.57
4.42
4.83
4.86

.070
.075
.082
.061
.052
.048
.032

.050
.043
.048
.046
,044
.040
.039

.074
.074
.077
.052
.046
.048
.033

4.85
4.86
4.86
4.86

.052
.048
.047
.047

,041
.038
.037
.037

4.85
4.84
4.85
4.85

.047
.044
.040
.037

1936
January
February _.
March
April

4.86
4.86
4.86
4.86

May..
June'
July
August
• September
October
November
December

1920
1921
1922
1923
1924
1925
1926

monthly av...
monthly av...
monthly av...
monthly av...
monthly av___
monthly av.._
monthly av...

1925
May _
June..
July
August .
September
October
• November
December. _

1927
January
February
March
April
May
June..
July
August

__

$0.268

Imports

Exports

Thousands of dollars

.226

$55, 934
51,600
37,996
42, 350
70, 538
80,294
76, 643

$31, 422
37, 953
39, 287
64, 858
98, 268
132, 181
105, 730

.225
.131
.129
.102
.109
.122
.144

.185
.121
.122
.122
.105
.116
.121

88, 711
103, 347
62, 317
66, 882
74, 428
66, 412
77, 278

107, 222
100, 869
62, 827
78, 858
88, 230
90, 113
106, 995

.902
.913
.918
.917

.103
.109
.114
.121

.114
.113
.117
.119

75, 895
75, 518
81, 492
82, 074

97, 475
94, 319
103, 280
112, 414

1.000
1.001
1.001
1.000

.917
.934
.944
.942

.135
.148
.146
.142

.120
.121
.122
.122

78, 663
80,800
75, 286
76, 918

109, 574
144, 520
141, 359
176, 399

.367
.368
.366
.362

.998
.997
.996
1.000

.941
.933
.903
.908

.148
.148
.145
.140

.120
.121
.121
.121

69, 736
70, 909
100, 934
67, 801

85, 716
88, 931
114, 007
60, 915

.470
.469
.471
.478

.363
.363
.363
.364

1.001
1.001
1.001
1.001

.913
.917
.921
.920

.147
.155
.156
.154

.120
.120
.121
.121

86, 052
91, 513
88, 605
89, 670

93, 081
119, 399
111, 595
91, 663

.193
.193
.193
.193

.484
.487
.491
.489

.363
.362
.360
.361

1.001
1.001
1.001
.999

.922
.928
.924
.933

.152
.140
.130
.119

.121
.121
.121
. .120

85, 563
88, 127
87, 657
81, 775

93, 327
131, 489
154, 009
139, 808

.267
.267
.268
.268

.193
.192
.192
.192

.488
.488
.491
.484

.364
.363
.363
.361

.998
.998
.999
1.001

.939
.947
.960
.962

.117
.118
.119
.118

.120
.120
.120
.120

78,806
74, 707
110, 617
74, 298

85, 266
79, 803
107, 218
78,404

.268
.268

.192
.192

.471
.467

.362
.362

1.001
.999

.962
.964

.118
.118

.120
.120

94, 412
101, 029

111,298
107, 201

$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
.401

.205
.225
.262
.266
.265
.268
.268

.169
.174
.191
.181
.182
.193
.193

.050
.047
.046
.045

.402
.401
.401
.402

.268
.268
.269
.269

.041
.040
.040
.040

.044
.045
.045
.045

.402
.402
.402
.402

.038
.037
.036
.034

.040
.040
.040
.040

.045
.045
.042
.037

4.86
4.87
4.86
4.86

.032
.029
.025
.028

.039
.037
.034
.033

4.85
4.85
4.85
4.85

.029
.029
.034
.040

4.85
4.85
4.85
4.86
4.86
4.86

$1.000

$0.965

$0.324

4 $0.195

.403

.956

.941
.964
.997
.999
.990

.234
.236
.249
.253
.267

.504
.482
.478
.486
.412
.410
.471

.389
.262
.287
.311
.318
.363
.363

.893
.896
.985
.980
.987
1.000
1.000

.907
.730
.818
.786
.781
.914
.921

.194
.194
.194
.194

.419
.408
.411
.410

.362
.365
.366
.366

1.000
1.000
1.000
1.000

.268
.268
.268
.268

.193
.193
.193
.193

.408
.410
.423
.432

.366
.366
.366
.366

.402
.401
.401
.402

.268
.268
.268
.268

.193
.193
.193
.193

.442
.454
.454
.466

.031
.030
.024
.028

.402
.402
.402
.401

.268
.268
.268
.268

.194
.194
.194
.193

.037
.041
.042
.044

.027
.028
5 139
.139

.401
.400
.400
.400

.268
.267
.267
.267

.040
.039
.039
.039

.043
.043
.045
.050

.139
.139
.139
.139

.400
.400
.400
.400

.039
.039

.054
.056

.139
.139

.400
.401

September
October
November
December.
1 Daily averages of noon rates for cable transfers reported to the Treasury daily by the New York Federal Reserve Bank. Average figures for the years 1914 to 1918,
inclusive, where given, are weekly averages of commercial quotations from the Annalist. Monthly figures on all items back to 1920 may be found in the May, 1922, issue
(No. 9), p. 135.
2
Foreign trade statistics from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures represent monthly averages for the Canadian fiscal
year ending Mar. 31 of the year indicated.
3 Parity established October, 1920. Prior to that, par value of the rupee was 32.44 cents.
4 Average value of the paper peso in 1913. Beginning with January, 1926, the par value of the peso was established at 12.17 cents.
« Bate for the "belga," the new unit equivalent to 5 paper francs, with a par value of 13,9 cents.




131

Table 110.—IMPORTS BY GRAND DIVISIONS
FROM NORTH
AMERICA

FROM EUROPE

YEAR AND MoNTri

Total

France

Germany

Italy

United
Kingdom

Total

Canada

FROM SOUTH
AMERICA

Total

Argentina

FROM ASIA
AND OCEANIA

FROM
AFRICA
GRAND
TOTAL

Total

Japan

Total

m
Thousands of dollars
1913 monthly average. _
1914 monthly average. .
1915 monthly average- _
1916 monthly average. 1917 monthly average. _
1918 monthly average. .
1919 monthly average. _

$72, 056
65,293
45,529
52, 776
45, 929
26, 510
62, 544

$11, 578
8,685
6,493
9,074
8,220
4,959
10, 318

$15, 351
12, 449
3,746
485
13
26
884

$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
8,808
9,026
15, 174
21, 139
25, 162
34,154

$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

1920 monthly average _ _
1921 monthly average _ _
1922 monthly average- _
1923 monthly average.1924 monthly average- _
1925 monthly average _ _
1926 monthly average. _

102, 320
63, 745
82,600
96,421
91, 341
103, 182
107, 378

13, 805
11, 824
11,901
12, 468
12, 303
13, 120
12, 791

7,403
6,690
9,791
13, 433
11,605
13, 679
16, 544

6,280
5,191
5,328
7,689
6,251
8,267
8,384

42, 821
19,900
29,739
33, 673
30,539
34, 392
31, 952

138, 555
62,904
68,538
83, 460
82, 930
81, 711
84, 624

50,989
27,953
30, 337
34, 667
33, 262
37, 853
40,030

63,417
24, 635
29, 897
38, 952
38, 840
43, 233
47, 353

17, 315
4,994
7,140
9,606
6,275
6,681
7, 338

123,058
54,447
72, 955
89, 918
81,638
116, 411
122, 136

34,548
20, 939
29,525
28,912
28,338
32, 013
33, 118

12, 524
3,365
5,410
7,255
6,083
7,679
8,026

439,873
209,096
259, 396
316,006
300, 247
352, 216
369, 486

January
February.
March
April

102, 809
100, 916
112, 025
97, 931

13, 924
14, 878
14,150
11, 816

11, 402
12,068
13, 074
11,503

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

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
23, 159
28,294
21, 570

10, 651
13,044
10, 245
10, 105

346, 165
333,387
385, 379
346, 091

May
June
July
August

92, 210
88,759
93, 071
100,529

10,406
10,053
9,852
14,295

9,522
11, 247
13,809
13, 770

8, 514
9,206
7,036
6,046

31, 676
26,674
33,196
32, 286

89, 122
85,228
76, 103
71, 913

37, 560
37, 321
38,824
36,550

32, 848
37,022
41, 487
41,962

3,823
5,799
5,249
5,152

108,585
107, 514
111, 724
119,114

22, 570
24, 215
31, 866
35, 729

4,753
6,694
3,263
6,567

327, 519
325, 216
325, 648
340, 086

100,605
115, 692
118, 005
115, 630

12, 843
15, 469
14, 491
15, 258

15,067
15, 703
15, 701
21, 286

6,722
9,678
9,323
9,452

31,536
37,733
42, 348
36, 746

76,160
81,950
75, 847
78,827

37,356
47, 121
43, 217
42, 165

44, 241
38,985
43, 319
47,805

5,603
4,003
6,714
7,148

144, 389
133, 941
131, 472
144, 389

47, 970
39, 079
37, 243
39, 177

5,538
3,506
7,788
9,989

349, 954
374,074
376, 431
396,640

1926
January
February
March
April
.- .

111, 169
104, 939
116, 893
104, 808

12, 808
12, 080
14, 497
11, 631

16, 124
16,549
18, 259
16, 710

8,555
6,774
6,959
7,640

34, 608
37, 276
37, 105
33, 178

73,564
87, 031
97,531
90,928

35,667
37, 657
40, 343
38, 434

53, 518
51, 310
63, 591
51, 628

7,678
9,411
12, 677
8, 027

162, 116
132, 435
153, 247
139, 922

40,407
33,017
22,901
32, 309

16, 386
11, 591
11,638
11,115

416, 752
387, 306
442, 899
397, 912

May
June
July
August

89, 449
104, 597
95,238
105, 993

8,759
10, 074
10, 193
12,069

14, 412
15,100
15, 416
18, 311

7,420
7,924
6,735
7,084

24, 401
31, 591
27,344
27,346

79,045
88,134
78,894
79, 798

35, 146
41,607
39,880
38,902

36, 698
40,390
41,056
44,858

6,933
7,365
5,092
4,835

110, 988
96,527
117, 324
101, C89

24, 810
21, 137
35,532
37, 387

4,740
7,332
6,721
4,867

320, 920
336, 980
339, 233
336, 605

September
October
November
December

108,
118,
114,
112,

930
907
759
853

14, 444
17, 343
15,004
14, 595

17,299
17,750
16, 075
16, 528

8,451
10, 286
13, 155
9,648

29,791
33,637
34,504
32,644

77,967
92,800
88,564
81,229

40, 432
45, 787
44,607
41, 897

42, 139
50,381
44,587
48, 078

5,722
7,765
7,237
5,309

110, 322
112, 720
119, 241
109, 703

37,839
39,912
37,008
35, 155

4,120
3,542
6,890
7,486

343, 479
378, 350
374, 042
359, 349

1937
January __ __ _
February
March__
April

100, 619
91,399
113, 474
107,294

12, 572
14, 195
14,067
13,454

15,856
13, 246
16, 367
17, 817

9,011
6,723
8,735
11,061

21, 529
25, 763
33, 860
27, 757

72, 396
79, 946
90,934
86, 470

37, 917
31, 972
38,995
36, 159

45, 053
44, 087
47, 437
46, 894

7,547
6,700
8,380
9,388

128, 253
88,981
115, 668
125, 047

36,854
23,264
33, 867
31, 839

10,790
6,453
11, 787
9,752

357, 111
310, 866
379,299
375, 447

99,794

11, 140

14,164

9,006

31, 469

85, 917

39,535

36, 365

6,581

118, 851

33,097

5,272

346, 199

±925

September.
October
November.
December

May .
June..
July...
August

September
October
November
December

__
_

-_ .
_ _

.

__
_.

i Compiled by 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
Talue as denned above, or "the export value, including any export tax imposed by the country of exportation," whichever is higher. (Emergency tarilf act of May 27, 1921.)




132
Table 111.—EXPORTS BY GRAND DIVISIONS
TO NORTH
AMERICA

TO EUROPE

YEAR AND MONTH

Total

France

Germany

Italy

United
Kingdom

Total

Canada

TO SOUTH
AMERICA

Total

TO ASIA AND
OCEANIA

TO
AFRICA

GRAND
TOTAL

Argentina

Total

Japan

Total

4t

Thousands of dollars

1913 monthly average, _
1914 monthly average. .
1915 monthly average. _
1916 monthly average. _
1917 monthly average. .
1918 monthly average. .
1919 monthly average. _

$124, 964
111, 608
214, 451
317, 773
338, 538
321, 558

1920 monthly average. .
1921 monthly average. .
1922 monthly average. _
1923 monthly average. .
1924 monthly average. .
1925 monthly average. .
1926 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

$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

372, 174
196, 992
173, 613
174, 451
203, 775
216, 979
192, 570

56, 349
18, 745
22, 247
22, 678
23, 472
23, 358
21, 982

25, 953
31, 027
26, 343
26, 403
36, 702
39, 195
30, 425

30, 980
17, 955
12, 575
13, 961
15, 595
17,096
13, 117

161,319
78, 510
71, 319
73, 527
81, 912
86, 155
81, 028

160, 764
94, 132
76, 305
90,514
90,837
94,863
98,086

80, 988
49, 473
48, 057
54,327
52,003
54, 064
61,606

51,993
22, 777
18, 840
22, 443
26, 188
33, 551
36, 986

17, 811
9,236
7,962
9,398
9,758
12, 397
11, 991

86, 932
53, 782
45, 910
54, 827
55, 925
56, 340
64, 768

31, 495
19,620
18,200
22, 019
20, 859
18, 137
21, 729

13, 806
6,071
4,648
5,056
5,858
7,421
8,446

685,668
373, 753
319, 315
347, 291
382, 582
409, 154
400, 105

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, 677
453, 654
398, 255

175, 322
144, 437
155, 090
180, 856

20, 266
15,205
14, 456
18, 225

28, 727
22, 365
23, 588
34, 116

14, 022
11,763
12, 268
11, 601

62,806
57, 197
57, 744
63,084

107, 466
96,177
101, 514
101, 362

66,815
59, 877
62,969
60,770

35, 689
31, 192
32, 285
38, 125

12, 263
10, 936
11,977
14, 392

45,106
45, 110
44, 895
50,790

8,165
9,764
11, 352
13, 272

7,362
6,433
5,876
8,690

370, 945
323, 347
339, 660
379, 823

229,704
282, 669
237,642
246, 177

20,495
34, 051
29,560
28,218

52,202
56, 481
39, 120
35,983

12,803
17, 392
16,766
17,480

91, 687
121, 393
107, 247
114, 934

101, 586
96, 484
93, 159
95, 412

62,100
55, 798
53,065
50,902

28,993
31, 132
34,991
43,548

9,661
12, 144
13, 230
16, 871

53, 076
73, 421
73, 443
73, 307

18,029
33, 442
30, 027
27,100

7,009
6,861
8,568
9,862

420, 368
490, 567
447,804
468, 305

January
February
Miarch
April

199,796
171, 986
164, 383
175, 867

29,731
21,728
24,000
21, 924

25,538
22, 179
21, 116
21, 345

14, 382
12,823
12,260
14, 811

82, 159
75,834
67, 941
70, 614

84,795
82, 525
100, 565
99,239

47, 437
45,944
62,450
56,714

37, 775
35, 268
35, 412
37, 181

14, 938
10,885
11, 878
10, 878

66,168
56,094
65, 755
66, 461

23,048
18, 934
22,251
21,000

8,302
7,032
8,292
9,226

396, 836
352, 905
374, 406
387, 974

May
June
July
August

145, 101
144, 393
166,123
186, 931

19,084
14,802
12, 769
14, 898

21, 202
20, 170
20,395
28,844

11, 805
10, 661
12,201
10, 817

55,500
62,647
77, 446
73,496

111, 243
98, 642
101, 912
101, 640

76, 116
64,989
66, 101
69, 118

35,342
30, 126
37,299
34,290

10,643
9,770
11,464
11, 725

57, 567
57,490
54,400
53,654

18, 752
16, 895
17,805
14,256

7,447
6,768
8,625
9,076

356, 699
338, 419
368, 359
385, 621

September
October
November
December

224, 186
235, 578
247,084
249, 377

19,006
29,214
28, 852
27, 773

44, 437
47,004
42,098
50, 772

11,311
14, 945
14, 195
17, 193

93,642
97,631
110, 843
104, 578

102, 389
102, 855
100, 735
90,491

65, 033
68,377
61, 816
55, 177

41,562
32, 957
43, 301
43, 318

13,247
11,060
13,289
14, 116

71, 160
75,417
79,227
73, 821

21,754
27, 724
30, 159
28,175

9,427
9,148
9,967
8,046

448, 724
445, 955
480, 314
465, 053

211, 521
174, 827
187, 335
187, 599

20, 301
13, 507
17, 269
17,069

40,258
35, 762
36, 979
35,999

13, 238
9,881
10, 317
9,599

89, 818
70,466
72, 691
64,671

88,049
87,250
101, 061
110, 548

50, 717
53,984
65, 947
74, 457

44,721
31,995
38,399
39, 463

15, 355
10, 526
12, 577
13,299

66,045
70, 855
74,049
67, 030

22,700
22, 395
28,623
20, 985

9,670
7,751
8,000
10, 572

420,006
372, 679
408,844
415, 212

171, 991

18,069

31, 378

8,357

61, 568

119, 839

83,761

33,945

12, 388

59,468

18,550

7,869

393, 113

1925
January
February
March
April

-

May
June
July
August

- - - -

September
October
November
December

-.

1936

1927
January
February
March
April

- -

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

..

_

1 Complied by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent exports, including reexports, of merchandise only. Value
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.




133
Table 112.—IMPORTS AND EXPORTS BY CLASSES OF COMMODITIES
IMPORTS

EXPORTS

Food-

YEAR AND
MONTH

Total

Manu- SemiFinfacished
manu- manutured
facfacfoodtures
tures
animals stuffs

Crude stuffs,
materi- crude,
and
als
food

Total

Crude
materials

Foodstuffs, Manufaccrude,
tured
and
foodfood
animals stuffs

Semiin an ufactures

Finished
manufactures

Thousands of dollars
1913
1914
1915
1916
1917
1918
1919

monthly av_.
monthly av._
monthly av_.
monthly av__
monthly av_.
monthly av__
monthly a v _ _

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

65, 120
53, 243
109, 584
218, 780
225, 066
172, 437
213, 625

1920
1921
1922
1923
1924
1925
1926

monthly
monthly
monthly
monthly
monthly
monthly
monthly

439, 873
209,096
259, 396
316,006
300, 247
352, 216
369, 486

146, 073
71, 090
96, 381
115, 737
103, 008
145, 663
149, 389

48, 136
25, 331
27, 660
30, 234
35, 406
41, 233
45,061

103, 179
30, 737
32,290
44, 134
43, 467
36, 076
34,812

66, 835
28, 669
45, 793
59, 976
54, 657
62, 921
66,896

73, 094
51, 577
55,642
64, 212
62,446
66, 322
73, 410

673, 402
364, 911
313, 776
340, 893
374, 804
401, 552
392, 835

155, 902
81, 997
81,800
100, 170
110, 528
118, 505
105, 200

76, 498
57, 687
38, 212
21, 457
32, 724
26, 658
27, 907

93, 080
55, 805
48, 965
48,608
47, 791
47, 813
41, 941

79, 909
33, 270
36,484
46, 977
50, 889
55, 140
54,713

267, 032
135, 497
107, 720
123, 147
132, 338
153, 695
163,044

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

327, 519
325, 216
325, 648
340, 086

136, 241
130, 226
125, 483
142, 306

34, 168
35, 733
42,368
36,948

39,900
37, 704
34, 095
29,783

56,320
59, 085
58, 791
65,304

60,890
62,468
64,911
65, 665

362, 285
315, 676
331, 674
372, 457

65, 973
52, 578
56,854
71,830

33, 625
21, 879
22, 546
28, 562

41, 161
43, 346
43, 339
47, 516

58, 818
54,382
57, 782
52, 145

162, 708
143, 760
151, 146
172,404

September
October
November
December.

349, 954
374, 074
376, 431
396,640

148, 243
153, 702
168, 084
179, 248

45, 167
44,277
46, 412
48, 163

33, 278
33, 193
29, 341
28, 248

58,129
65, 669
62, 093
67,407

65, 137
77, 233
70,500
73, 574

412, 728
482, 881
439, 657
459, 164

132, 329
210, 314
173, 723
153, 317

34,632
19, 312
19, 485
21, 187

52,206
51,473
46, 972
52,674

50,143
50, 737
49, 871
55, 819

143, 418
151,045
149,606
176, 167

1936
January
_
February
March
April
._ .

416, 752
387,306
442, 899
397, 912

201, 092
172, 808
197, 775
164, 896

48, 633
42, 111
51, 103
47, 122

28, 825
36, 026
40, 152
39, 248

71, 151
72, 809
75, 202
70, 475

67, 051
63, 552
78,667
76, 171

387, 762
345, 791
364, 922
379, 299

113, 924
89, 316
82, 959
80,499

15,845
12, 172
15,596
14, 569

47, 792
41,837
40, 516
38, 166

51, 852
47, 914
53, 527
57, 884

158, 349
154, 552
172, 324
188, 181

May
June
_.
July
August

320, 920
336, 980
339, 233
336, 605

128, 408
122, 537
131, 215
124, 399

35,909
43,040
42,209
42, 081

32,929
36,025
29,312
30, 550

61, 065
64, 332
65, 775
63,987

63,609
71,046
70,721
75,588

348, 158
328, 728
360, 494
379, 496

67,380
63,245
72, 093
76, 677

25, 155
21, 088
33,908
49,932

34,060
34, 237
35,418
42, 936

50, 782
54,986
53, 145
53, 207

170, 781
155, 172
165, 930
156, 744

September
October .
November
December

343, 479
378, 350
374, 042
359, 349

135, 131
134, 783
141, 138
138,489

39, 108
50, 420
49, 611
49, 388

32,588
40, 659
39, 620
31,809

62, 779
64, 726
65, 897
64, 554

73, 873
87, 762
77, 776
75, 109

440, 865
448, 883
473,509
456, 111

120, 607
167, 167
168, 602
159, 934

46,484
35, 658
37, 440
27, 041

47, 839
47, 527
45,001
47, 964

55, 450
53,544
61, 618
62,643

170, 485
144, 987
160, 848
158, 529

357, 111
310, 866
379, 299
375, 447

153, 157
114, 815
151, 255
153, 039

44, 089
42,804
43, 061
43,046

26, 960
39, 794
46, 989
46,810

66, 018
52, 131
64, 597
64, 514

66, 887
61, 322
73,396
68,038

412, 246
364, 625
398, 041
404,843

122,501
102, 806
107, 412
85, 926

24,406
18, 760
19, 978
31, 514

41, 136
38, 523
37, 187
39,190

61, 355
53,196
57, 972
59, 576

162, 848
151, 340
175, 492
188, 637

346, 199

135, 713

37, 164

39, 396

63, 496

70, 430

382, 366

74,833

30, 684

36, 933

60, 762

179, 154

av__
av__
av._
av__
av._
av_.
av._

1935
January
February
March
April
May
June
July
August -

- -

__ _

_

1937
January
February
March,
April
May
June.
July
August-.

September
October
November
December
1

_

__
_
_.

|

Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. For changes in valuations, see footnote on preceding page.




134
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 table
a complete record of current source material for the SURVEY]
CURRENT PUBLICATION 1

DATE OF PUBLICATION

I.-REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN
ARGENTINE MINISTRY OF AGRICULTURE
BRITISH BOARD OF TRADE
CANADIAN DEPARTMENT OF LABOR
CANADIAN DEPARTMENT OF TRADE AND COMMERCE.
FEDERAL FARM LOAN BOARD
FEDERAL RESERVE BANK OF BOSTON.
FEDERAL RESERVE BANK OF CHICAGO
FEDERAL RESERVE BANK OF MINNEAPOLIS..
FEDERAL RESERVE BANK OF NEW YORK
FEDERAL RESERVE BANK OF PHILADELPHIA.
FEDERAL RESERVE BOARD
_.

Flaxseed exports from Argentina
Tea stocks in United Kingdom
Employment in Canadian trade-unions
Operations of Canadian employment service
Foreign trade of Canada
Canadian railroad operations
Canadian iron, steel, coal, flour production, etc..
Agricultural loans by land and credit banks
Installment sales of New England department
stores.
Agricultural machinery
Domestic pumps
Retail sales of lumber by rural yards
Housing rental advertisements
Foreign exchange rates
Corporation profits
Employment in Pennsylvania and Delaware
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 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 JERSEY DEPT. LABOR
_. New Jersey factory employment
NEW YORK STATE DEPT. LABOR
New York factory employment and earnings. _.
NEW YORK STATE DEPT. PUBLIC WORKS
New York State canal traffic
PANAMA CANAL
_
Panama Canal traffic
_
TEXAS STATE COMPTROLLER
_. Sulphur production
Government employment
U. S. CIVIL SERVICE COMMISSION
U. S. DEPARTMENT OF AGRICULTURE:
BUREAU OF ANIMAL INDUSTRY...
Beef, pork, and lamb production.
BUREAU OF AGRICULTURAL ECONOMICS ... Prices of farm products to producers
Wool stocks in dealers' hands and wool prices..
Crop production.

BUREAU OF PUBLIC ROADS.
U. S. DEPARTMENT OF COMMERCE:
BUREAU OF THE CENSUS

Cold-storage holdings
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
Board of Trade Bulletin
Labour Gazette (Canadian)
Labour Gazette (Canadian)
Foreign trade of Canada
Operating Revenues, etc., of Railways*...
Press releases*
Not published currently
Monthly Review
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.
1st of month.
Monthly.
Monthly.
Monthly.
Monthly.
Daily and monthly.
Quarterly.
Monthly.
Sun. papers and monthly.
Fri. morn, papers and mo.
Fri. afternoon papers and
mo.
Monthly.
Monthly.

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
Fed. Res. Bank of Philadelphia
Labor Market Bulletin and press releases*
Annual report
The Panama Canal Record.
Press releases
Not published

Monthly.
Monthly.
Monthly.
Monthly.
Monthly.

Crops and
Crops and
Crops and
Crops and

Monthly supplement.
Monthly supplement.
Monthly supplement.
Releases about 1st mo. (cotton); 10th (other crops).
Monthly supplement.
Monthly supplement.
Weekly.
Quarterly.
Monthly supplement.
Monthly supplement.
Monthly.
Monthly.
Monthly.

Markets
Markets
Markets
Markets and press releases*._

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 R9ads
Not published

_

Monthly.
Monthly.

Monthly.
Yearly.
Last weekly issue of month.
Quarterly.

Cotton ginned
_ Preliminary report on ginnings*_._
Semimo. during season.
Cotton consumed and on hand..
_. Preliminary report on cotton consumed _ . 15th of month.
Active textile machinery..
Wool machinery and cotton spindles*... 20th of month.
Leather, hides, shoes, gloves, production, etc... Census of hides, skins, and leather*
First week of month.
30th of month.
Leather gloves and mittens
_ Press release*
Cottonseed and cottonseed oil.
Preliminary report on cottonseed*
18th of month.
Hosiery production, stocks, etc
Press release*
30th of month.
Press release *
Knit underwear production, etc
30th of month.
Men's and boys' and work clothing
Press release *
30th of month.
Press release*
Malleable castings
30th of month.
Wheat flour production from May, 1923
Press release*
_
30th of month.
Press release*
Wheat and wheat flour stocks
One month after end of qtr.
Press release*
Pyroxylin coated textiles
_
30fh of month.
Press release*
Stokers, sales from January, 1923
20th of month.
Stocks of tobacco...
Statement on stocks of leaf tobacco..
One month after end of qtr.
Press release*
Wool consumption and stocks
30th of month.
Steel barrels
._ Press release*
30th of month.
Fabricated steel plate bookings
Press release*
20th of month.
Box board
Press release*
30th of month.
Electrical goods, bookings.
Pressrelease*
One month after end of qtr.
Press release*
Electric locomotives, mining and industrial
One month after end of qtr.
Electric industrial trucks and tractors
Press release*
25th of month.
Press release*
Floor and wall tile
30th of month.
Press release*
Fire extinguishers
__
_
20th of month.
Press release*
Galvanized sheet metal ware
30th of month.
Press releas<
Babbitt metal consumption.
30th of month.
Floor and wall tile
__
_
__ Press release*
30th of month.
Enameled sanitary ware
_ Press release*
20th of month.
Press release*
Vitreous china plumbing fixtures
25th of month.
Fats and oils; production, consumption, stocks. Statistics of fats and oils*
One month after end of qtr.
Press release*
Glues and gelatin, production and stocks
30 days after end of qtr.
Press release*
Fabricated struc. steel sales from April, 1922
20th of month.
Press release*
Automobile production from July, 1921
20th of month.
Wood chemical operations, crude and refined... Press release*
30th of month.
Pressrelease*
Steel castings bookings and production
20th of month.
Press release*
Steel furniture shipments
25th of month.
r
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 respectivie
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,




135
SOURCES OF DATA—Continued
CURRENT PUBLICATION

DATE OF PUBLICATION

I.-REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued
U. S. DEPARTMENT OF COMMERCE—Contd.
BUREAU OF THE CENSUS (continued)

DIVISION OF NATIONAL PARKS..
U. S. DEPARTMENT OF LABOR:
EMPLOYMENT SERVICE

Monthly statement
Monthly Sum. Foreign Commerce (Pt. I)1.
Not published.
Monthly Sum. Foreign Commerce (Pt. II)
Commerce Reports
Petroleum statistics*
Explosive statistics*.-Weekly report on production of coal*

20th of month.
Last week of month.

Report on Portland cement output*
Commerce Reports
Not published
Not published
Production of electric power*..
Production of electric power*-.
Not published

End of month.
End of month.
Monthly.

Employment agency operations

BUREAU OF NAVIGATION
BUREAU OF STANDARDS
U. S. PATENT OFFICE
U. S. DEPARTMENT OF THE INTERIOR:
GEOLOGICAL SURVEY

10th of month.
Monthly.
10th of month.
30th of month.
30th of month.
15th of month.
20th of month.
30th of month.
30th of month.

Electric power production
Consumption of fuel by public utility plants
Visitors to National Parks

BUREAU OF MINES .

Press release*
Survey of Current BusinessPress release*
Press release*
Press release*
Press release*
Press release*
Press release*
Press release*
._

Portland cement, production, etc-.
Vessel construction and losses
Building material price indexes
Patents granted

BUREAU OF FISHERIES
^
BUREAU OF FOREIGN AND DOMESTIC
COMMERCE.

Locomotive shipments and unfilled orders
Earnings of public utilities
Plumbing goods price index
Domestic pumps and water systems
•_.
Water softeners
Architectural terra cotta
Steel boilers
Enameled sheet-metal ware
Index numbers of production, stocks, and unfilled orders.
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

Report of Activities of State and Municipal Employment Agencies.
Not published
Wholesale Prices of Commodities

Every 4 or 5 weeks.

Immigration and emigration statisticsWholesale 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
Tax-exempt securities
.
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 automobiles
Ethyl alcohol production, stocks, etc

BUREAU OF IMMIGRATION
BUREAU OF LABOR STATISTICS.

U. S. POST OFFICE DEPARTMENTAL 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, Monongahela, and Allegheny Rivers cargo
traffic.
Barge traffic on Mississippi River
Agricultural loans
:_
_
Wisconsin factory earnings and employment

MISSISSIPPI-WARRIOR SERVICE...
WAR FINANCE CORPORATION
WISCONSIN INDUSTRIAL COMMISSION.

Monthly Labor Review
Monthly Labor Review
Employment 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 __
Not published
_

Middle of next month.
30th of month.
Monthly.
Second or third weekly
issue of month.
20th of month.
First weekly issue of
month (Mondays).

15th of month.
Monthly.
Monthly.
Monthly.
12th of month.
7th of month.
10th of month.
Last day of month.
Monthly.

Statement of Tax-paid Products*

First week of month.

Classified collections of Internal Revenue.
Not published

25th of month.

Monthly statistical report-.
Not published

Monthly during season.

Not published
Not published in form used
Bulletin on Wisconsin labor market*.

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 FUR MERCHANTS ASSOCIATION
AMER CAN NEWSPAPER PUBLISHERS' ASSOCN..
AMERICAN IRON AND STEEL INSTITUTE
AMERICAN IRON, STEEL, AND HEAVY HARDWARE ASSOCIATION.AMERICAN PAPER AND PULP ASSOCIATION
AMERICAN PETROLEUM INSTITUTE
AMERICAN RAILWAY ASSOCIATION (Car Service Division).
AMERICAN WALNUT MFRS. ASSOCIATION..
AMERICAN WASHING MACHINE MANUFACTURERS' ASSOCIATION.
AMERICAN ZINC INSTITUTE
ANTHRACITE BUREAU OF INFORMATION

Shipments of abrasive paper and cloth

Not published _

Wages, steel workers, Youngstown district

Trade papers..

Copper, silver, lead, arsenic—production, etc..
Powdered milk sales
Passengers carried, electric railways
Face brick production, stocks, etc...
Fur sales..
Stocks of newsprint paper
Steel ingot production
Trackwork production.
Sales of iron, steel and heavy hardware..

Not published.
Monthly report*
Aera
:
Trends in the Face Brick Industry..
Not published
Monthly report
Press release to trade papers*
Trade papers
Not published

Paper and wood pulp production, etc
....
Gasoline and kerosene consumption
Freight car surplus and shortage
Car loadings and bad-order cars and locomotives.
Walnut lumber and logs
Washing machine shipments

Monthly report*
Bulletin
Car Surpluses and Shortages*
Information Bulletins*
Not published
Not published.
_

Production and stocks zinc, retorts operating
Press release to trade papers*
Anthracite shipments, etc., and mine employ- Statement of anthracite shipments* _
ment.
ASPHALT SHINGLE AND ROOFING MFRS. ASSOCN. Prepared roofing shipments.
Not published
_
Assoc. CORN PRODUCTS MANUFACTURERS
Not published
Corn ground into starch, glucose, etc...
ASSOCIATED GENERAL CONTRACTORS OF Indexes of construction costs and volume
The Constructor..
AMERICA.
ASSOCIATION OF COTTON TEXTILE MERCHANTS Cotton textiles, production, stocks, etc.
Not published.
ASSOCIATION OF LIFE INSURANCE PRESIDENTS New life insurance business
Not published
Not published.
Premium collections.
_
_
Not published.
Distribution of assets
BAND INSTRUMENT MANUFACTURERS' ASSOCN Band instrument shipments
Not published
BOSTON GRAIN AND FLOUR EXCHANGE
Receipts of wool at Boston
_
Trade papers...
BUREAU OF RAILWAY ECONOMICS
Not published
Average receipts per ton-mile
Summary of operating statistics.
Passengers and tonnage carried 1 mile..
CALIFORNIA REDWOOD ASSOCIATION._
Redwood lumber production, etc
Not published
CALIFORNIA WHITE AND SUGAR PINE ASSOCN. Sugar pine lumber production, etc
Not published
Not published
CENTRAL FABRICATORS ASSOCIATION
Fabricated structural steel

http://fraser.stlouisfed.org/ i Imports and exports of gold and silver in Part II.
*Multigraphed or mimeographed sheets.

Federal Reserve Bank of St. Louis

Bimonthly.
Monthly.
Monthly.
Monthly.
7th of month.
Quarterly.

Weekly.
Weekly.
13th of month.
15th of month.
Monthly.

Daily.
Monthly.

136
SOURCES OF DATA—Continued
CURRENT PUBLICATION

DATE OF PUBLICATION

II.—REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS—Continued
CHICAGO BOARD OF TRADE.
COMMON BRICK MANFRS. ASSOCN. OF AMERICA .
CREDIT CLEARING HOUSE
_
ELECTRIC HOIST MANUFACTURERS' ASSOCN...
ELECTRIC OVERHEAD CRANE INSTITUTE
EMPLOYERS' ASSOCIATION OF DETROIT
ENAMELED SANITARY WARE MFRS. ASSOCN__
FELT MANUFACTURERS' ASSOCIATION
FINE COTTON GOODS EXCHANGE
FOUNDRY EQUIPMENT MFRS. ASSOCIATION
GLASS CONTAINER ASSOCIATION
HARDWOOD MANUFACTURERS INSTITUTE
HYDRAULIC SOCIETY
ILLUMINATING GLASSWARE GUILD _ _
INTERSTATE MILK PRODUCERS ASSOCIATION. __
LABEL MANUFACTURERS ASSOCIATION
LAKE SUPERIOR IRON ORE ASSOCIATION.
LEATHER BELTING EXCHANGE
LIFE INSURANCE SALES RESEARCH 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 FINISHERS OF COTTON FABRICS.
NATIONAL ASSOCIATION OF GLUE MANUFACTURES.
NATIONAL ASSOCIATION OF PIANO BENCH AND
STOOL MANUFACTURERS.
NATIONAL ASSOCIATION OF REAL ESTATE
BOARDS.
NATIONAL ASSOCIATION OF STEEL FURNITURE
MANUFACTURERS.
NATIONAL ASSOCIATION OF SHEET AND TIN
PLATE MANUFACTURERS.
NATIONAL AUTOMOBILE CHAMBER OF COMMERCE.
NATIONAL BOILER AND RADIATOR ASSN
NATIONAL ELECTRICAL CREDIT ASSOCIATION...
NATIONAL ELECTRICAL MFRS. ASSOCN
NATIONAL FERTILIZER ASSOCIATION

Wheat, corn, and oats, receipts, etc
Common brick shipments, stocks, etc
Credit conditions
Electric hoists, orders and shipments
New orders and shipments of overhead cranes. _Detroit factory employment
Enameled sanitary ware, orders, etcRoofing felt production, stocks, etc
Fine cotton goods production _ _
Foundry equipment production
Glass container production, etc
Hardwood lumber, stocks, etc
Steam, power, and centrifugal pumps
Illuminating glassware production, orders, etc
Milk receipts at Philadelphia
Label orders.Consumption, stocks, and shipments, iron ore
Shipments of leather belting
Life insurance sales, ordinary
Maple flooring production, etc
Linseed oil and oil-cake shipments
Shipments of accessories and parts
Unfilled orders and shipments of furniture
I
Brass faucets, orders and shipments
I
Button stocks, activity, etc
Finished cotton goods, billings, orders, shipments, and stocks.
Shipments of animal glues

Trade papers
Monthly report... . . . . .
__
Credit
Not published
Not published
Weekly press release
Not published
Not published
Trade papers
Report on monthly volume of business
Monthly report*
Monthly report
'
Not published
Not published
Monthly
Not published
Monthly report*
Monthly report (not published)
Monthly release
Nont published
Monthly statement
Business Bulletin
Not published in form used
Not published
Weekly re port
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 _




Monthly.

18th of month.
Monthly.
Weekly.

Not published.
Bulletin...

Production and shipments of passenger cars and Traffic bulletin* (production figures not
published).
trucks.
Not published
Cast iron boilers and radiators
Not published
Credit conditions
Not published
Electrical products, shipments, orders, etc
Acid phosphate production, etc., and fertilizer Not published.
consumption in Southern States.
NATIONAL INDUSTRIAL CONFERENCE BOARD. _ Cost of living, wages and hours of labor
Monthly press release.
NATIONAL MACHINE TOOL BUILDERS' ASSOCN. Machine-tool orders, shipments, etc
Not published
NATIONAL PAPER Box MFRS. ASSOCIATION
Not published
Shipments and pay roll.
NATIONAL PAVING BRICK MFRS. ASSOCN
Monthly report
Paving-brick production, etc
NEW ORLEANS BOARD OF TRADE
Monthly report
Rice distribution through New Orleans__
NEW ORLEANS COTTON EXCHANGE
... Cotton receipts into sight
Monthly report
_
NEWS PRINT SERVICE BUREAU.
Monthly bulletin
Canadian newsprint production, etc
United States newsprint data since June, 1923. _. Monthly bulletin
NEW YORK COFFEE AND SUGAR EXCHANGE. _ Coffee receipts, stocks, etc
Monthly statement
NEW YORK METAL EXCHANGE
Trade papers
Tin stocks and deliveries
NEW YORK STOCK EXCHANGE
Loans to brokers
Financial papers
NORTH CAROLINA PINE ASSOCIATION
Not published
North Carolina pine, production, etc
NORTHERN HEMLOCK AND HARDWOOD MANU- Hemlock and hardwood lumber production, Not published
FACTURERS' ASSOCIATION.
etc.
NORTHERN PINE MANFRS. ASSOCIATION
Not published
Northern pine lumber and lath__
Not published
OAK FLOORING MANFRS. ASSOCIATION
Oak flooring, production, etc
OHIO STATE FOUNDRYMEN'S ASSOCIATION
Monthly report* (not published)..
Ohio foundry iron production, etc
PACIFIC CANNED FISH BROKERS' ASSOCIATION. Shipments of canned salmon
Not published
PAPERBOARD INDUSTRIES ASSOCIATION
Paperboard shipping boxes and boxboard pro- Not published
duction, etc.
PHILADELPHIA MILK EXCHANGE.
Not published.
Milk receipts at Philadelphia
PLATE GLASS MFRS. OF AM ERICA.
Not published.
Plate-glass production
Not published _
PLYWOOD MANUFACTURERS' ASSOCIATION
Plywood, orders, etc
Not published.
PORCELAIN ENAMEL MANUFACTURERS'ASSOCN New orders and shipments of flatware
Not published.
PORTLAND ASSOCIATION OF BLDG. OWNERS Rental advertisements, Portland, Oreg
AND MANAGERS.
Concrete Highway Magazine
PORTLAND CEMENT ASSOCIATION
Cement paving contracts
Not published
RICE GROWERS' ASSOCIATION OF CALIFORNIA- Receipts, stocks, and shipments (Calif, mills)
RICE MILLERS' ASSOCIATION
Monthly report
Rice receipts, stocks, etc
ROPE PAPER SACK MANFRS. ASSOCIATION
Not published
Shipments of rope-paper sacks
Monthly reports (not published).
RUBBER ASSOCIATION OF AMERICA
Rubber tires, heels, fabrics, crude stocks, etc
Bulletin of Rubber Growers' Association.
RUBBER GROWERS' ASSOCIATION.
Rubber stocks in England__
Not published
SALES BOOK MANUFACTURERS' ASSOCIATION... Shipments and orders of sales books
Not published in form used
SAVINGS BANK ASSOCIATION OF STATE OF Savings banks deposits in New York State
NEW YORK.
Not published
SHEET METAL WARE ASSOCIATION
Galvanized sheet metal ware
SILK ASSOCIATION OF AMERICA
Raw silk consumption, machinery activity, etc.. Monthly press release to trade papers*
Not published in form used
SOUTHERN FURNITURE MFRS. ASSOCIATION__. Furniture shipments and unfilled orders
Not published in form used
SOUTHERN PINE ASSOCIATION
Yellow pine production and stocks
STEEL BARREL MANUFACTURERS' ASSOCN
Steel barrel capacity operations
.
._ Monthly reports* (not published)
S.TEEL FOUNDERS' SOCIETY
Not published
Steel castings, bookings and production
Not published
TIGHT BARREL CIRCLED HEADING MFRS. ASSN Circled headings for wooden barrels
Financial papers
TIRE AND RIM ASSOCIATION
Production of automobile rims
Semiweekly reports
TUBULAR PLUMBING GOODS ASSOCIATION
Tubular plumbing sales
Not published
TURPENTINE AND ROSIN PRODUCERS ASSN
Stocks of turpentine and rosin
Not published
TWIN CITY MILK PRODUCERS' ASSOCIATION. _. Milk production, Minnesota
Typothetae Bulletin
UNITED TYPOTHETAE OF AMERICA
Printing activity
Trade papers
VACUUM CLEANER MANUFACTURERS ASSN
Vacuum-cleaner shipments
Not published
WEST COAST LUMBERMEN'S ASSOCIATION
Douglas fir lumber production, etc
Not published
WEBBING MANUFACTURERS' EXCHANGE
Sales of elastic webbing
Not published
WESTERN PINE MANUFACTURERS' ASSOCN
Western pine lumber production, etc
Trade papers
WESTERN SHEET AND TIN PLATE MANUFAC- Prices of steel sheets, Youngstown district
TURERS' ASSOCIATION.
WlREBOUND BOX MANUFACTURERS' ASSOCN. Rotary cut veneer receipts and purchases
! Weekly report
* Multigraphed or mimeographed sheets.

Daily.
Weekly.

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.

Monthly.

Monthly.
<
| 5th of month.
j
[
j 20th of month.
I
| Monthly.
j
J Bimonthly.

137
SOURCES OF DATA—Continued
DATE OF PUBLICATION

III.-REPORTS FROM TECHNICAL PERIODICALS
AMERICAN METAL MARKET
THE ANNALIST
THE BOND BUYER
BRADSTREET'S
'CHEMICAL AND METALLURGICAL ENGINEERING

•COAL AGE
COMMERCIAL AND FINANCIAL CHRONICLE

DAILY NEWS RECORD
Dow, JONES & Co (WALL STREET JOURNAL)
DUN'S REVIEW
ELECTRICAL WORLD
ENAMELIST
ENGINEERING AND MINING JOURNAL-PRESS
ENGINEERING NEWS RECORD
FINANCIAL POST
HAY TRADE JOURNAL
IRON AGE . .
IRON TRADE REVIEW
JOPLIN GLOBE _
LONDON TIMES
LUMBER MANUFACTURER AND DEALER
MILK REPORTER
NAVAL STORES REVIEWNEW YORK JOURNAL OF COMMERCE-NEW YORK EVENING POST
NORTHWESTERN MILLER
OIL, PAINT, AND DRUG REPORTER
OIL TRADE JOURNAL
_
PRINTERS' INK
PRINTERS' INK MONTHLY...
,
PUBLISHERS' WEEKLY.
RAILWAY AGE_ . _
ROCK PRODUCTS
RUSSELL'S COMMERCIAL NEWS

. . _,

WORLD RUBBER POSITION (BRITISH)..
SOURCE

Composite pig iron and steel prices. __
Stock sales .
Stock prices
__
State and municipal bond issues
Municipal bond yields
Visible supply of grains (except rye)
Bank clearings, United States and Canada
Wholesale price index
_ _ _ _ _
Business failures, Canada
Chemical price index
Mine price of bituminous coal
Cotton, visible supply _,
Interest rates on call loans and commercial paper. __ . . . .
New corporate securities
Fairchild cotton goods index _ _
New York bond sales and prices
Mexican petroleum shipments
Business failures and wholesale price index
...
Sales of electrical energy, central stations
Household enameled ware .
Rand gold production; tin, lead, zinc, copper, and silver prices _
Construction cost index.
Canadian bond, issues «
Hay receipts
Pig-iron production, furnaces in blast, etc_ _
Iron and steel prices
»
Shipments, etc., zinc and lead ore, Joplin district
Fire losses in Great Britain
Price indexes of lumber
Milk receipts at Greater New York
Turpentine arid rosin, receipts and stocks, 3 ports
Dividend and interest payments _
New incorporations
Fire losses. ._
Newspaper advertising
Flaxseed, receipts, etc
Price indexes of drugs, oil, etc.
_ _ _ ... .
Argentine visible supply of flaxseed
Mexican petroleum shipments
Magazine advertising
National advertising in newspapers
Book production
Equipment orders
Sand lime brick production, etc
Wheat flour production, from Julv, 1920
_
Sugar stocks, receipts, meltings, and Cuban statistics
World shipments and stocks, plantation rubber
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 (Saturdays) .
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 (Thurdsays).
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.
Monthly.
Fourth week of month (Wednesdays) .
Weekly (Fridays).

CURRENT PUBLICATION

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 MARITIME DE SUEZ.
DAVIS, A. D., STATISTICAL BUREAU
DICKSON, R. S., & Co
DODGE, F. W., CORPORATION.
OENERAL MOTORS CORPORATION
GRAND, F. & W., 5-10-25 CENT STORES
GRANT, W. T., Co ..
HAFFARDS, G. M., & Co
__..
HARTMAN CORPORATION
HERCULES POWDER Co
LAW, A. W., & Co
LLOYD'S
KING, CLYDE L
KRESGE, S. S., Co
KRESS, S. H., & Co
MCLEAN BUILDING REPORTS, LTD
MCCRORY STORES CORPORATION
METROPOLITAN FIVE AND TEN CENT STORES.
METROPOLITAN LIFE INSURANCE Co
NEW YORK TRUST Co
OHIO STATE 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
SILVER, ISAAC, & BROS
THOMPSON, J. R., Co
UNITED CIGAR STORES Co
UNITED STATES STEEL CORPORATION.
WALDORF SYSTEM, INC..
WARD, 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 News.
Financial papers
Not published
Monthly report
Bulletin. __.'.
Le Canal de Suez

Pacific plywoodNot published
Southern cotton mill stocks index
Financial papers
Building contracts
Statement on Building Statistics.
Sales of closed cars, sales to dealers and to users. Financial papers
Chain-store sales.
Financial papers
Chain-store sales
Financial papers
Fall River cotton mill dividends
Bradstreet's.Chain-store sales
Financial papers
Steam naval stores, production and stocks
Naval Stores Review
Mill dividends, Spartanburg County, S. C.._._ Financial papers
World ship construction
New York Journal of Commerce.
Milk receipts of Baltimore
Not published
Chain-store sales
Financial papers .
Chain-store sales
Financial papers
Canadian building contracts
Canadian Building Review.
Chain-store sales
Financial papers.
Chain-store sales
Financial papers.
Factory labor turnover
Not published.
The Index
Indexes of stock and bond prices
Bulletin
Employment, construction industries, Ohio
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
Sales of furniture in Grand Rapids district.
Chain-store sales
Restaurant sales
Chain-store sales
_
Unfilled orders
__
Earnings
Stockholders
Wages of common labor
Restaurant sales
Mail-order sales
Chain-store sales
._"__.


" Multigraphed, mimeographed, or duplicated sheets.


Financial papers
Financial papers
Financial papers
National New Car Reporting Service*
Not published
Bradstreet's
Financial papers
Financial papers
Not published
Financial papers
Monthly press release*
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
month.

25th of

Weekly.
Monthly.
Monthly.
Quarterly.
Monthly.
Semiannually.
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.
Quarterly.
Quarterly.
Occasionally.
First week of month.
First week of month.

138

LIVESTOCK SLAUGHTERED UNDER FEDERAL INSPECTION
[In thousands of animals]

1909

MONTH

1910

1911

1912

1913

1914

1915

1916

1918

1917

1919

1920

1921

1923

1923

1924

1925

1926

CATTLE

490
551
508

632
527
599
533

626
536
562
4PQ

675
515
564
522

622
490
484
555

585
499
477
474

573
466
552
507

623
550
597
475

823
663
647
654

895
785
828
915

1, 119
701
640
622

832
631
683
637

690
526
621
591

642
569
674
590

745
634
688
697

813
669
665
689

855
656
736
731

819
695
785
765

536
544
608
652

551
621
615
679

599
615
591
720

563
511
508
632

547
556
593
582

474
490
505
518

535
574
596
590

564
648
562
743

815
844
783
866

782
830
1,020
987

720
644
854
859

626
657
661
686

570
640
579
680

702
725
697
761

762
727
725
820

773
670
764
786

749
732
862
811

788
852
864
811

782
892
799
765

796
831
780
644

692
828
746
605

644
808
691
620

656
701
602
590

651
744
658
682

641
736
702
681

791
941
972
844

957
1,196
1,099
1,003

1, 143
1,251
1,233
1, 160

855
1,073
1,040
960

825
843
859
667

689
750
686
586

796
884
859
779

810
953
846
756

870
1,016
952
926

866
1,067
861
927

971
996
947
887

7,714
643

7,808
651

7,619
635

7,253
604

6,978
582

6,757
563

7,153
596

8,310
692

10, 350
863

11, 829
986

10, 091
841

8,609
717

7,608
634

8,678
723

9,163
764

9,593
799

9,853
821

10, 180
848.

587

January
February
March
April

May

June
July
August

_ _

September
October
November
December
Total

Mo. av

CALVES
135
95
149
200

132
117
188
222

136
121
180
218

152
126
180
245

139
118
142
212

123
100
145
186

109
96
156
199

129
143
189
233

203
182
211
286

210
193
260
351

295
210
295
383

305
283
390
382

282
254
360
366

289
279
391
365

351
297
368
400

373
346
377
466

394
378
466
496

410
378
464
462

-

228
236
213
196

252
238
498
206

243
232
199
207

258
229
201
192

205
195
182
149

183
187
153
129

205
198
162
141

267
229
178
207

345
277
277
255

357
312
355
274

391
327
400
319

369
431
343
332

367
370
324
304

401
389
330
345

467
388
379
403

470
408
421
374

481
474
473
439

455
480
426:
379

September
October
November
December

206
205
171
155

197
188
168
132

185
180
155
128

190
193
163
149

158
157
124
121

130
135
107
119

139
148
141
125

186
204
217
185

271
339
281
216

317
306
272
249

318
375
344
312

348
315
316
244

321
309
292
259

353
383
348
309

ooo

416
370
323

419
473
392
416

423
486
398
445

408'
446
435410

2,189
182

2,238
187

2,184
182

2,278
190

1,902
160

1,697
141

1,819
152

2,367
197

3,143
262

3,456
288

3,969
331

4,058
338

3,808
317

4,182
349

4,500
375

4, 935
411

5,253
446

5, 153
429-

January
February
March
April

May
June
July
August

_

Total

Mo. av

SWINE
January
February
March
April

3,876
2,653

3,013

2,343

2,693
2,324
1,891
1,778

2,742
2,633
2,973
2,589

4 147
3,302
2 700
2,412

3 708
2,844
2 334
2, 487

3,489
2,723
2,548
2,312

4, 274
3,885
3 446
2,563

5 388
4,276
3 430
2,853

4 629
3,484
2 985
2 645

3 961
3,998
3 926
3,291

5 846
4,266
3 443
3,208

5 078
3, 133
3 482
2 590

4 347
3,799
3 047
3,003

3,985
3,480
3 350
2,946

5, 134
4,231
4 838
4,179

5,911
5,006
4 536
4,073

5 979
4,447
3 299
3,037

4 501
3,351
3 562
3,105

May

June
July
August

2,629
2,719
2,097
1,822

2,206
2,612
1,988
1,824

3,008
3,462
2,560
2,032

2,844
2,836
2,354
1,875

3,046
3 057
2,557
2,268

2,569
2,926
2,259
1,799

2,869
3,246
2,493
2,040

3,275
3 163
2,530
2,517

3,083
2 685
2 411
1,705

3,092
2 783
2,940
2,283

3,744
3 728
2,884
1,950

3,585
3 566
2 644
2,191

3,274
3 618
2,821
2,531

3,716
4 046
3, 104
2,888

4,325
4 303
3,983
3,556

4,278
4 288
4, 114
3,070

3, 186
3 732
2,819
2,453

3, 131
3 429
3 127
2, 834

September
October
November.
December

1,956
2,397
2,800
3,090

1,564
1,851
2,456
2,827

2,172
2,720
3,639
3,603

1 701
2,455
3,020
3,407

2 133
2,681
3,165
3,919

1,907
2,682
3,047
4,271

1,890
2,494
3,739
5,442

2 287
3,327
4,771
5,267

1 322
2,195
3,043
3,723

1 980
3,018
4,280
5,662

1 997
2 686
3,270
4, 790

1 979
2 487
3,329
3,985

2 422
2 866
3,447
3, 807

2 748
3,332
4,318
5,201

3 212
4,328
5,341
5,904

2 857
3,498
4,641
6,601

2 598
3,314
3,646
4,533

2 616
2, 976
3, 610
4, 394

31, 395
2,616

26, 014
2, 168

34, 133
2,844

33, 053
2,754

34, 199
2 850

32,532 38, 381
2 711 3 198

43, 084
3 590

33 910
2 826

41 214
3 435

41 812
3 484

38 019
3 168

38 982
3 249

43, 114
3,593

53, 334
4,445

52, 873
4,406

43,043
3 587

40, 636
3 386-

_

Total

Mo. av

SHEEP AND LAMB
January
February
March
_
April

906
806
903
839

903
771
727
693

1,130
1,019
1,059
974

1,383
1,151
1,106
970

1, 193
961
883
1,049

1 296
1, 113
1, 143
1,150

1 196
946
986
830

977
904
861
768

957
819
861
777

780
655
736
614

1 004
754
738
808

955
828
788
714

1 068
958
1,075
1 041

955
776
837
739

1,021
837
977
960

1,083
912
868
860

991
854
984
1,012

1 039
988
1, 163
994

712
843
964
1 019

796
927
967
1,095

1,085
1, 146
1, 150
1 268

963
1 028
1, 181
1 390

1, 127
1 135
1,273
1 243

1,085
1 113
1, 171
1 169

739
883
984
1 139

854
990
930
1 173

632
710
688
766

659
737
869
937

894
931
1 160
1 234

671
817
1 048
1 042

985
1 116
1 060
1 237

872
1 028
964
1 024

972
914
962
957

959
975
1,051
1 063

1 030
999
1 071
1 031

959
1 081
1 042
1 093

September
October
November
December

1,153
1, 169
1,029
1,000

1, 154
1,206
1, 125
1,044

1,257
1 428
1,304
1,200

1,440
1 723
1,424
1,220

1,486
1 514
1,258
1,284

1,379
1 331
1, 112
1, 167

1,220
1 116
1, 132
1,041

1 158
1 172
1 121
1 033

740
822
764
809

1 029
1 194
1 139
971

1 292
1 414
1 227
1 235

1 151
1 068
968
932

1 249
1 286
l' 040
890

1 013
981
882
858

990
1 046
915
978

1,150
1 148
950
972

1,086
1 083
879
981

1,224
1 167
1 039
1, 172

Total
Mo. av

11 343
862

11 408
951

14 020
1,168

14 979
1,248

14 406
1,201

14 229
1,186

12 212
1,018

11 941
'995

9 345
779

10 320
860

12 691
1,058

10 982
915

13 005
1,084

10 9°9
911

11 529
961

11 991
999

12 001
1,000

19 961
1,080

May
June
July
August

_

1
Compiled by the U. S, Department of Agriculture, Bureau of Animal Industry, representing animals slaughtered under Federal inspection, which according to the 1919
census amounted to 68 per cent of all hogs slaughtered in that year, 82 per cent of cattle and calves and 91 per cent of sheep and lambs. The data in number of animals are
used here as indications of hide output.




GENERAL INDEX
Page numbers refer to data in detailed tables (pp. 23-133) 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,7' page 1.
Page
Abrasives, paper and cloth
61
Accessories, automobile
43, 44
Acetate of lime, production, shipments, etc
73
Acid phosphate, production, stocks,
etc
77
Acid, sulphuric, price and exports
77
Active textile machinery
27, 31, 33
Advertising:
Magazine and newspaper... 109, 110
Rentals, Minneapolis and Portland, Oreg
62
Agencies, employment
105
Agents and brokers, failures
128
Agriculture:
Price indexes
25, 26
Production, index
23
Wages
105
Agricultural implements
41, 44
Agricultural loans and mortgages 122, 126
Alcohol, ethyl, and wood (methanol)
74
Allegheny River, cargo traffic
97
American Telephone & Telegraph
Co., stockholders
129
Animal fats and glues, production,
stocks, etc
81
Animal products:
Price index
26
Production index
23
Apartments, bond issues
127
Apples:
Production (crop estimate).
82
Stocks and shipments.
86
Architectural terra cotta
71
Argentina:
Flaxseed, exports, and visible
supply
79
Foreign-exchange rates
130
Foreign trade with
131, 132
Arsenic, crude and refined
49
Asphalt, production, stocks
52
Assets, life-insurance companies
122
Automobiles:
Accessories, rims, registrations,
etc
44
Advertising, national, in newspapers
109
Earnings, manufacturers
129
Production, exports, sales, etc__ 43
Tires and tubes
54
Babbitt metal, consumption._.
49
Bad-order cars
101
Bad-order locomotives
99
Baltimore, milk receipts
91
Band instruments, shipments
49
Banks:
Clearings, conditions, interest
rates, etc
123, 124
Failures
128
Farm loans
126
Barley:
Exports, prices, receipts, and
stocks
85
Production (crop estimate)
82
Barrels:
Steel
38
Wooden headings
69
Basic commodities, production, index
numbers
23
Baths, enamel, orders, etc
45
Beef, consumption, exports, production, prices, etc
89



Page
Belgium, foreign-exchange rates
129
Belting, leather, sales
.
57
Benches, piano
68
Boilers:
Cast-iron, production, etc
37
Steel, new orders
40
Bonds:
Government, outstanding
124
Held by life-insurance companies
122
New issues
126, 127
Prices, sales, and yields
125, 127
Tax-exempt, outstanding
126
Book paper, production, etc
60
Books, publication
58
Boots and shoes. (See Shoes.)
Boston:
Milk receipts
91
Wool receipts
27
Box board, production, receipts, etc. 59
Boxes, paper, production, etc
59, 61
Bradstreet's, price index
25
Brass faucets, orders and shipments. _ 46
Brazil:
Coffee, receipts and clearances. _ 94
Foreign-exchange rates
130
Brick:
Housing costs
62
Production, stocks, prices, etc.. 69,
71,72
British India, foreign-exchange rates. 130
Brokers:
Failures
128
Loans to
124
Buildings:
Contracts awarded
63
Cost indexes, losses, etc
62
Employment in Ohio
103
Security issues
127
Building materials:
Price indexes
25, 62
Unfilled-order index
24
Burlap, imports
33
Butter, production, receipts, etc
92
Buttons, pearl, production and stocks 28
Cake and meal:
Cottonseed, production, etc
78
Linseed, shipments, etc__
79
California:
Petroleum stocks
50
Redwood and white-pine lumber,
production, shipments, etc
65
Rice stocks
86
Canada:
Automobiles, production and exports
43
Bank clearings
123
Bond issues
126
Building, contracts awarded
63
Canals, traffic
97
Cheese, exports
94
Coal, production and consumption
34
Employment
104,105
Failures
128
Foreign-exchange
rates
and
trade
130,131,132
Iron and steel, production
35, 36
Life-insurance, sales
122
Methanol, refining
74
Newsprint paper, production,
etc
54
Oats and oatmeal
.. 85
(139)

Canada—Continued.
Page
Railroads, operation
98
Silver, production and stocks
120
Slaughter, inspected
55
Wheat flour, production
83
Wheat, grindings, stocks and
exports
_ _ _ 83, 84
Canals, traffic
97
Candy, sales, chain stores
111, 112
Canned goods:
Milk, condensed, evaporated,
and powdered
90, 91
Salmon
94
Cape Cod Canal, traffic
_ _ 97
Capital issues. (See Securities.)
Cars, railroad
100, 101
Castings, malleable, steel and track
work
39
Cast iron, boilers and radiators
40
Cattle, receipts, shipments, prices
and slaughter
87
Cement, production, stocks, shipments and prices
72
Cereals. (See Grains.)
Chain stores, sales
111, 112, 113, 114
Check payments
123
Cheese, production, receipts, etc
92
Chemicals:
Employment index
103
Exports, imports, production and
prices
76
Pay-roll index
107
Price indexes
25, 76
Time operations, factory, index
number
_ . _ 108
Wood distillation and alcohol. 73, 74
Childs Co., restaurant sales
114
Chile:
Foreign-exchange rates
130
Nitrate production
76
China, vitreous, plumbing fixtures. _ 70
Cigars and cigarettes:
Consumption and exports
95
Sales, chain stores
111, 112, 114
Circulation, money and notes
123, 124
Citrus fruits, car-lot shipments
86
Clay and glass products:
Emplovment index
103
Pay-roll index.
107
Production, prices, etc
70, 71, 72
Time operations
108
Cleaners, vacuum
41
Clearings, bank
123
Clothing:
Advertising, national, in newspapers
109
Cost indexes
25, 26
Production, stocks, etc
28
Rubber-proofed
54
Coal:
Employment, anthracite mines. 103
Loadings, freight cars
100
Prices, production, stocks, exports, etc
34
Retail-price index
26
Coconut oil (or copra), consumption,
stocks, etc
80
Coffee, imports, stocks and Brazilian
movements
94
Coke:
Production, exports and prices. 36, 52
Coal consumption
34
Cold-storage holdings:
Apples
86
Butter, cheese, and eggs
92,

140
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 23-133) 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.
Cold storage holdings—Continued.
Poultry and
fish
94
Meats
88, 89
Concrete, paving contracts
72
Condition, banks
123
Conduits, nonmetallic
47
Construction, building:
Contracts awarded and volume
index
63
Cost indexes
62, 63
Employment in Ohio
103
Security issues
127
Construction, highways
72
Construction, ships
96
Consumption:
Chemicals and oils
77, 78, 79, 80
Coal
34
Cotton and fabrics
30, 54
Iron ore
35
Meats and dairy products
88,
89, 91, 92
Petroleum products
50,51,52
Pulp and paper products
58,
59, 60, 61
Rubber
53,54
Tobacco
95
Wheat
flour
83
Wool
27
Containers:
Glass, production, etc
70
Paper, production, etc
59
Conveyances, real estate
62
Copper, exports, prices, production,
etc
46
Copra oil (or coconut) production,
consumption, and stocks
80
Corn:
Production (crop estimate)
82
Receipts, grindings, exports, etc_ 84
Corporations:
Dividend payments and failures. 128
New security issues and incorporations
126, 127
Profits and stockholders
129
Stock and bond prices
124, 125
Costs, living, indexes
26
Costs, building construction
62
Cotton:
Consumption, receipts, exports,
etc
30
Prices
26, 29
Cotton fabrics:
Cloth, exports___
31
Consumption by tire manufacturers
54
Fine goods, production
31
Prices, wholesale
29
Production, stocks, and unfilled
orders
32
Cotton finishing, billings, shipments,
etc
31
Cotton mills:
Dividends and spindle activity __ 31
Stock prices, southern mills
125
Cotton yarns, wholesale prices
29
Cottonseed and products
78
Cranes, electric overhead
42
Credit:
Bank
123
Conditions by trades
119
Farm
126
Crops:
Cotton, production
30
Food, production and value
82
Marketings, index numbers
23
Price indexes
25
Tobacco, production
95
Cuba, sugar movement
93
Customs, receipts
124



Dairy products:
Butter and cheese
92
Milk
90,91
Price indexes
26
Debits to individual accounts
123
Debt, United States Government _ _ 124
Delaware, employment and earnings. 104
Delinquent accounts, electrical trade,
etc..119
Department stores, sales and stocks,
indexes
115,116
Deposits, bank and savings
123,124
Detroit, employment
104
Dividends, payments
31, 128
Douglas fir lumber, production, shipments, orders, etc
64
Drugs:
Price indexes
25, 76
Sales, chain stores
111, 112, 114
Wholesale trade
117
Dry goods:
Prices, wholesale
29
Wholesale trade.
119
Dun's, price index
25
Dyes and dyestuffs, exports
74
Earnings:
Corporations, classified
129
Labor
106,108
Public utilities
102
Railroads and express companies 98
United States Steel Corporation
36
Eggs, receipts and cold-storage holdings
92
Elastic webbing, sales
33
Electric cranes and hoists
42
Electric locomotives, shipments
99
Electric power:
Fuel consumption
-34, 52
Production and sales
102
Electric washing machines, shipments
41
Electric trucks and tractors, shipments
44
Electrical products (motors, porcelain, etc.)
47
Electrical trade, delinquent accounts. 119
Emigration
96
Employment:
Agencies, State and municipal. _ 105
Factory, mines, railroads, etc_ 103, 104
Time
107,108
Enameled ware
^
45, 49
Engines, internal-combustion, patents granted
42
England. (See United Kingdom.)
Equipment:
Agricultural, shipments
42
Fire-extinguishing, shipments
44
Foundry, orders, shipments, etc. 42
Railway, orders, shipments,
etc
99,101
Essential oils, wholesale-price index. _ 76
Ethyl alcohol
74
Expenditures, United States Government
124
Exports. (See Foreign trade and Individual commodities.)
Explosives, production, shipments,
stocks and sales
74
Express, earnings
98
Fabricated steel
37
Fabrics, rubber-proofed
54
Face brick, production, shipments,
etc
71
Factories. (See Manufactures and
Industrial corporations.)

Page
Failures, business
128
Fall River, textile-mill dividends
31
Farm implements
42, 44
Farm loans and mortgages
122, 126
Farm products:
Price indexes
25, 26
Production indexes
25
Farm wages
105
Fats, animal, grease and derivatives. 81
Faucets, brass, orders and shipments. 46
Federal-aid highways completed
72
Federal farm-loan and intermediate
credit banks, loans
126
Federal reserve banks and member
banks, condition
123
Federal reserve districts:
Chain-store sales
111, 112
Department-store trade index
numbers
115, 116
Wholesale trade index numbers
117,118
Felt, roofing, production and stocks. _ 68
Fertilizer, exports, consumption, etc. 77
Fiber, vulcanized, sales and consumption
47
Fibers, imports
33
Finance:
Advertising, national, in newspapers
109
Banking
123,124
Government
124
Securities
125, 126, 127
Fine paper
60
Finishing, cotton
31
Fire-extinguishing equipment, shipments
44
Fire losses
62
Fish, catch and cold-storage holdings. 94
Fish oil, production, consumption and
stocks
81
Flaxseed, receipts, shipments, stocks,
etc
79
Flooring:
Production, shipments, etc
67
Price, southern pine and Douglas
fir
64
Floor and wall tile, production, shipments, etc
71
Flour, wheat, production, consumption, stocks, etc
83
Food:
Advertising, national, in newspapers
109
Earnings, manufacturers
129
Exports and imports
133
Factory employment, index
103
Pay-roll index, factories
107
Prices indexes
25, 26
Stock indexes
214
Time operations, factories
108
Foreign bonds, prices and issues. 125, 127
Foreign-exchange rates
130
Foreign stockholders
129
Foreign trade:
Canadian exports and imports__ 130
United States exports
132, 133
United States imports
131,133
Vessels in United States ports
96
Forest products:
Car loadings
100
Production, index numbers
23
Foundry equipment, orders, sales,
and shipments
42
Foundry iron, meltings, prices, etc. 35, 40
France:
Foreign-exchange rates
130
Foreign trade with
131, 132
Freight cars
100, 101

141
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 23-133) 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
Freight rates, ocean
96
Fruits:
Farm prices
26
Shipments, car-lot
86
Fuel:
Consumption, production, etc___ 34,
50, 51, 52, 102
Cost of, index numbers
25, 26
Fur, sales
33
Furnishings, house, price index
25
Furniture:
Household
68
Steel, office
37
Galvanized metal ware
49
Gas and electric companies, earnings
(see also Public utilities)
102
Gas and fuel oils, consumption, production, stocks and prices
52
Gasoline, consumption, exports, price,
production, stocks, etc
51
Gelatin, edible, production and stocks 81
General Motors Corporation, sales__ 43
Germany, foreign trade with
131, 132
Ginnings, cotton
30
Glass, production, etc
70
Gloves and glove leather
57
Glues, animal, production and stocks. 81
Gold, receipts, exports, imports and
Rand output
121
Government, Canadian, bond issues. 126
Government, United States:
Bonds, prices, holdings, etc
122,
125, 126
Employment in Washington
103
Finances, debt, etc
124
Postal business
110, 124
Grains:
Exports, receipts, prices, etc. _ 84,85
Farm-price indexes
26
Loadings
100
Production (crop estimates)
82
Grand, F. & W., sales
113
Grant, W. T., & Co., sales
113
Grease, production, consumption, and
stocks
81
Great Britain. (See United Kingdom.)
Groceries:
Sales, chain stores
112
Wholesale trade
117
Gum lumber, stocks
66
Ham, smoked, prices
88
Hardware, wholesale trade
118
Hardwood
lumber,
production,
stocks, and shipments
66, 68
Harness leather
56
Hartman Corporation, sales
114
Hay:
Production (crop estimate)
82
Receipts
86
Headings, barrel
69
Heels, rubber, production, shipments,
etc
54
Hemlock, northern, lumber
65
Hides and skins, imports, prices,
stocks
55
Highways, construction
72
Hogs, prices, receipts, shipments, and
slaughter
87
Hoists, electric
42
Hosiery, production, stocks, etc
28
Hotels:
Advertising
109
Bond issues
127
Hours, factory operations
27,
31, 33, 107, 108



Household:
Page
Enameled ware, activity
49
Furnishings, price indexes
25
Furniture, advertising, shipments, etc
68,109
Housing:
Construction
63
Cost of, index numbers
26, 62
Rental advertisements
62
Ice cream, production
91
Illinois, employment and earnings 104, 106
Illuminating glassware, production,
shipments, stocks, etc
70
Immigration
96
Imports. (See Foreign trade and Individual commodities.)
Incorporations, new
126
Indebtedness, wholesale trade
119
India. (See British India.)
Industrials. (See Manufactures and
Corporations.)
Instruments, musical:
Advertising, national, in newspapers
109
Band, shipments
49
Insurance, life
121, 122
Interest, rates and payments.
124,
125, 127, 128
Investments:
Banks
126
Life-insurance companies
122
Iron and steel:
Barrels and drums
38
Boilers and radiators, cast-iron. _ 40
Castings, malleable, steel and
track-work
39
Earnings, manufactures'
36, 129
Employment index
103
Enameled sanitary ware
45
Exports and imports
.,
37
Fabricated steel products
37
Foundry iron, meltings, prices,
etc
35,40
Ingots, steel, production, prices,
etc
36
Ore shipments, stocks, etc
35
Pay-roll index
107
Pig-iron production, prices, etc__ 35
Railway equipment
99,101,102
Sheets, steel
38
Time operations, factory, index
number
108
Unfilled orders
24
Vessels, construction
96
Wages
105
Iron, steel, and heavy hardware,
sales
39
Issues, new capital
126, 127
Italy:
Foreign-exchange rates
130
Foreign trade with
131,132
Japan:
Foreign-exchange rates
130
Foreign trade with
131,132
Joint-stock land banks, loans
126
Joplin district, lead and zinc shipments
48
Kerosene oil, production, consumption, stocks, etc
51
Knit underwear, production, shipments, etc
28
Kresge, S. S., Co., sales
113
Kress, S. H., & Co., sales
113
Labels, paper, orders

61

Labor:
Earnings
105, 106
Employment
104
Time worked
107, 108
Turnover, factory
109
Lamb, production, stocks, etc
89
Lambs, shipments and slaughter
87
Lard compounds and substitutes
81
Lard, production, exports, etc
88
Lath, northern pine
65
Lavatories, enamel, shipments, orders, etc
45
Lead, production, prices, etc
48
Leather:
Employment index
103
Factory time operations, index
103,108
Glove, production and stocks
57
Sole, upper, harness, and skivers,
production, etc
56
Pay-roll index
107
Products (shoes, gloves, and
belting)
57
Leather, artificial, shipments, etc
33
Life insurance
121, 122
Light, cost of, index number
26
Linseed oil and cake
79
Livestock:
Loadings
100
Marketings, indexes
23
Price to farmers, indexes
26
Receipts, shipments, prices, and
slaughter
87
Living, cost of
26
Loadings, freight cars
100
Loans:
Agricultural
122, 126
Bank
123
Brokers
124
Life-insurance policies
122
Locomotives, exports, shipments,
etc
44,99
Logs, walnut
66
Business
128
Fire
62
Ships
96
Lubricating oil, production, stocks,
consumption, and price
52
Lumber:
Employment index
103
Factory time operations, index__ 108
Pay-roll index
107
Production, e x p o r t s , stocks,
prices, etc
64, 65, 66, 67, 68
McCrory Stores Corporation, sales. _ 113
Machine tools, new orders
42
Machinery, sales, profits, etc_ 41, 42, 129
Machinery activity:
Boxboard and box mills
59
Textile mills
27, 31, 33
Magazines, advertising
110
Mail-order houses, sales
.
110
Malleable castings, production, shipments, and orders
39
Manufactures:
Earnings and stockholders
129
Employment index
103,104
Exports and imports
133
Failures and dividend payments. 128
Pay-roll payments
104, 107
Production, index
23
Securities issued, prices, etc
124,
125, 127
Stocks on hand, index numbers. 24
Time operations
_ 107, 108
Maple flooring, production, shipments, stocks, etc
-. 67

142
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 23-133) 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/7 page 1.
Page
Massachusetts, employment, and
earnings
104, 106
Meats:
Farm prices
26
Production, cold-storage holdings, etc
88,89
Wholesale trade
119
Merchandise, car loadings
,
100
Metals and minerals (see also Individual commodities):
Earnings, corporations
129
Employment index
103
Pay-roll index
107
Price indexes
25
Production indexes
23
Time operations, factory, ind?x
number
108
Methanol, production, shipments, exports, stocks, price
73, 74
Metropolitan Stores Corporation,
sales
113
Mexico:
Petroleum, shipments and stocks 50
Silver, production
120
Milk, receipts, production, exports,
etc
90-91
Minerals, production, index
23
Minneapolis:
Linseed oil and cake, shipments. 79
Milk, production
91
Rental advertisements
62
Mississippi River, cargo traffic
97
Money in circulation
124
Money orders, postal
110
Monongahela River, cargo traffic
97
Mortgages:
Held by farm banks, etc
126
Held by life-insurance companies
122
Issued for real estate, bonds
127
Motors, electric
47
Municipal bonds, new issues and
yields
125, 126
Music, sales, chain stores
111, 112
Naval stores, receipts and stocks
75
Netherlands, foreign exchange rates. 130
New Bedford, textile-mill dividends. 31
New Jersey, employment and earnings
104, 106
New Orleans:
Rice shipments
86
Sugar receipts, domestic crop
93
Newspapers, advertising
109, 110
Newsprint paper,, exports, prices,
production, etc
58
New York City:
Bank clearings and debits
123
Loans to brokers and discount
rates
124
Milk receipts
91
New York State:
Canal traffic
97
Employment and earnings. 104, 106
Savings banks, deposits
124
New York Stock Exchange:
Loans to members of
124
Security sales
125
Nitrate of soda, imports and production
77
Nonferrous metals:
Employment index
103
Production, prices, etc
46, 48
Pay-roll index
107
Time operations, index
108
North Carolina pine lumber, production and shipments
64
Northern hardwoods, production and
shipments
68



Page

Pago
Philadelphia, milk receipts
91
65 Phosphate, acid, production, consumption, and stocks
77
Oak:
Piano, benches, and stools
68
Pig-iron prices, production, etc
35
Flooring, production, shipments,
64, 65
stocks, etc
67 Pine lumber, production, etc
Pine oil, production and stocks
74
Lumber, stocks, and unfilled
70
orders
66 Plate glass, production
Plumbing fixtures:
Oats:
Enameled sanitary ware
45
Exports, price, receipts, etc
85
Price index and sales, tubular.__ 46
Production (crop estimate)
82
Vitreous china, shipments, etc.. 70
Ocean transportation
96
Offal, grain, production
83 Plywood, bookings, shipments, etc.. 69
Policies, life insurance
122
Ohio:
Porcelain, electric, shipments
47
Foundry, iron, stocks, receipts,
etc
40 Porcelain, enameled flatware, shipments
49
Employment in construction
103
Ohio River, cargo traffic
97 Pork products, production, exports,
consumption, holdings, etc
88
Oil:
Essential, wholesale price index. 76 Portland, Oreg., rental advertisements
62
Petroleum and products
50,
110
51, 52, 127, 129 Postal receipts and money orders
,
124
Pine
74 Postal savings
77
Vegetable and
fish
78,79,80,81 Potash, imports
Oil wells completed
50 Potatoes:
Car-lot shipments
86
Oleomargarine:
Production (crop estimate)
82
Production and consumption
78
Poultry:
Consumption of chief ingrediReceipts and cold-storage holdents
78,80,91
ings
94
Onions, car-lot shipments
86
Price index (with dairy prodOrders, new. (See Individual comucts)
_ - _ _ 26
modities.)
Power, electric:
Orders, unfilled, index (see also InFuel consumption
34, 52
dividual commodities)
24*
Production
102
Ore:
Switching equipment
47
Iron, shipments
35
121
Lead and zinc, shipments
48 Premiums, life insurance
Total, car loadings
100 Prices:
Brick and cement
71, 72
Outlet boxes, electrical
47
Coal and coke
34,36
Owl Drug Co., sales
,
114
Coffee and tea
94
Dairy products
26, 90, 92
Pacific Coast, plywood
69
Drugs, chemicals, and oils
73
Panama Canal, traffic
97
77, 78, 79
Paper:
Grains and
flour
26, 83, 84, 85
Book, fine, wrapping, etc
60
Hides and leather
55, 56, 57
Boxboard and boxes
59
Iron and steel
35,36,38
Employment index
103
Lumber
64,67
Newsprint, production, etc
58
Meats and livestock. __ 26, 87, 88, 89
Pay-roll index
107
Naval stores
75
Pulp and paper products
61
Nonferrous metals
46, 48
Time operations, index numPetroleum products
50, 51, 52
ber
103,108
Plumbing
fixtures
46
Waste, consumption, and stocks. 59
Rubber
53
Parks, national, visitors
98
Silver
120
Passengers, railroad and Pullman
98
Sugar
93
Passenger automobiles, production,
Textiles
25,29,33
exports, etc
43, 44
Tobacco
95
Passenger cars, railroad, orders, shipments, etc
101 Price indexes (see also Prices):
Building and construction costs. 62
Passports, issued
96
Farm
26
Patents, granted
41
Retail
26
Pavements, concrete, c o n t r a c t s
Stocks and bonds
124, 125
awarded
72
Wholesale, classified
25
Paving brick, production, shipments,
stocks, etc
72 Printing:
Activity
58
Payments, check
123
Employment
103
Payments, dividend and interest
128
Pay-roll index
107
Pay roU, factories
104, 107
Profits. (See Earnings.)
Pennsylvania, employment and earnings
104, 106 Production, index (see also Individual
commodities)
23
Pennsylvania Railroad Co., stockfinance
124
holders
129 Public
Penney, J. C. & Co., sales
114 Public utilities:
Bonds, prices, issues, holdings,
Petroleum:
etc
122,125,127
Capital issues
127
Contracts awarded
63
Crude, products, etc
50
Dividends, earnings, etc
102,
Earnings
129
128, 129
Refined products
51, 52
58
Phenolic products, laminated
47 Publishing, book, newspaper, etc
Northern hemlock and pine lumber,
production, shipments, etc

143
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 23-133) 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
Pullman, passengers carried and operations
98
Pulp wood
61
Pumps, shipments, etc
44
Pyroxylin-coated textiles
33
Radiators, cast-iron, production, shipments, etc
40
Railroads:
Advertising in newspapers
109
Dividend payments
128
Employment
103
Equipment
99, 101
Financial operations
98, 129
Freight-car
movement
and
traffic
98,100
Fuel consumption
34, 52
Securities
122, 125, 127, 129
Railways, electric and street
102, 128
Rand, gold output
120
Raw materials:
Exports and imports
133
Price indexes
25
Production indexes
23
Stock indexes
24
Rayon, imports, stocks, and prices __ 33
Real estate:
Conveyances
62
Bond issues
127
Receipts, United States Government
110, 124
Refining:
Methanol
74
Petroleum
51,52
Sugar
93
Vegetable oils
78, 80
Reflectors, sales
47
Registrations, automobiles
• 44
Rent:
Advertisements
62
Cost of
26
Reserves, bank
123
Restaurants, sales
114
Retail prices:
Coal
34
Food and coal indexes
26
Sugar
93
Retail trade:
Chain stores
111, 112, 113, 114
Department stores
115
Gasoline and kerosene
51
Lumber
67
Mail-order
110
Rice:
Exports, imports, receipts, shipments, and stocks
86
Production (crop estimate)
82
Rivers, cargo traffic
97
Roads, construction
72
Roofing, production and stocks
68
Rope paper sacks, shipments
61
Rosin, receipts, stocks, etc
75
Rubber, consumption, imports, prices,
etc
53
Rubber products, production, etc
54
Rye:
Exports, price, receipts, and
stocks
85
Production (crop estimate)
82
St. Lawrence Canal, traffic
Sacks, rope paper, shipments
Sales:
Chain stores
111, 112, 113,
Department stores
Factory. (See Individual commodities.)
Mail-order houses
Wholesale, by districts. 117, 118,
Sales books, shipments and orders___



97
61
114
115
110
119
58

Page
Salmon, canned, shipments and
Canadian exports
94
Sanitary ware, orders, shipments,
and stocks
48
Sault Ste. Marie Canal, cargo
traffic
97
Savings deposits
124
Schulte, A. (Inc.) sales
114
Sears, Roebuck & Co., sales
110
Securities:
Held by life-insurance companies, 122
New issues
126, 127
Prices and sales
124, 125
Tax-exempt, outstanding
126
Sheep, receipts, shipments, prices,
and slaughter
87
Sheet-metal ware, galvanized
49
Sheets, steel
38
Shelter, prices of, index numbers
26
Shelving, steel, shipments, etc
37
Shipments. (See Individual commodities.)
Shipping:
Fuel consumption
34, 52
Ocean and construction
96
River and canal cargo traffic
97
Shoes:
Advertising in newspapers
109
Production, prices, exports, etc__ 57
Rubber heels, production, shipments, etc
54
Sales, chain stores
111, 112
Wholesale trade
118
Silk, raw:
Consumption, imports, stocks,
etc
33
Prices
• _ _ . 29
Silver, exports, imports, production,
and prices
120
Silver, Isaac & Bros., sales
114
Sinks, enameled
45
Skivers, production
56
Slaughter, inspected
55
Soda, nitrate of, production and
imports
77
Southern pine lumber, production,
shipments, etc
64
Steam naval stores
75
Steel (see also Iron and Steel).
Barrels and drums
38
Castings
39
Earnings
36,129
Exports and imports
37
Fabricated products
37
Ingots, prices, etc
36
Sheets, production, shipments. __ 38
Unfilled orders
24, 36
Wages
105
Stockholders, corporations
129
Stocks, commodity, index numbers
(see also Individual commodities)- 24
Stocks, corporation:
New issues
126, 127
Prices and sales
124, 125
Stokers, mechanical, sales
42
Stone, clay, and glass products:
Employment index
103
Pay-roll index
107
Production, etc
70, 71, 72
Time operations, factory, index
number
108
Stools, piano
68
Stores, retail, sales
111,
112, 113, 114, 115, 116
Structural steel, fabricated
37
Suez Canal, traffic
97
Sugar, meltings, stocks, receipts, etc_ 93
Sulphur, production
77
Sulphuric acid, price and exports
77
Sweden, foreign exchange rates
130

Page
Switzerland, foreign exchange rates_ 130
Tax-exempt securities
126
Tea, imports, stocks, prices
94
Telegraph and telephone companies:
Revenue and earnings
102, 129
Stockholders, American Telephone & Telegraph Co
129
Ten-cent stores, sales
111, 112, 113
Terra cotta, bookings
71
Textiles:
Burlap and
fibers
33
Clothing
25,26, 28
Cotton
29
Cotton manufactures
31,32
Employment index
103
Hosiery and knit underwear
28
Machine activity
27, 31, 33
Mill
dividends and
stock
prices
21,125
Pay-roll index
107
Prices, wholesale
29
Silk
29,33
Time operations, factories
108
Webbing, elastic
33
Wholesalers, credit conditions. _ 119
-Wool
27,29
Thompson, J. R. Co., restaurant
sales
114
Tile, production, stocks, prices, and
shipments
71
Tin, deliveries, imports, prices, and
stocks
48
Tires, production, stocks, and shipments
54
Tobacco:
Advertising, national, in newspapers
109
Employment index
103
Pay-roll index_
107
Production,
exports,
prices,
stocks, etc
95
Time operations, factories
108
Toilet articles, advertising in newspapers
109
Tools, machine, new orders
42
Trackwork, steel
39
Tractors, electric, industrial
44
Trade:
Business failures
128
Canadian foreign
130
Foreign, United States. 131, 132, 133
Retail
111, 112, 113, 114
Wholesale
117, 118, 119
Trucks:
Automobile, production
43
Electric industrial, shipments
44
Tubular plumbing, sales
46
Turnover, factory labor
109
Turpentine, receipts, prices, and
stocks
75
Underwear, knit, production, etc
29
Unfilled orders, index (see also Individual commodities)
46
Unions, trade, employment in Canada
104
United Cigar Stores Co., sales
114
United Kingdom:
Foreign-exchange rates
130
Foreign trade with
131,132
Tea stocks
94
United States Government.
(See
Government, United States.)
United States Steel Corporation:
Earnings and unfilled orders
36
Stockholders
129
Wage rates
105
Utah, lead shipments
48
Utilities, public. (See Public utilities.)

144
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 23-133) 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

Vacuum cleaners, sales
41
Vegetables, car-lot shipments
86
Vegetable oils, production, stocks,
etc
78, 79, 80
Vehicles (see also Automobiles, Shipping, and Railroads):
Employment, index number
103
Pay roll, index number
107
Time operations, factory, index
number
108
Veneer, rotary-cut
69
Vessels. (See Shipping.)
Vitreous china, plumbing fixtures 70
Vulcanized fiber, sales and consumption
47
^ s, factory, etc
105, 106
Waldorf System, restaurant sales
114
Walnut, lumber and logs
66
War Finance Corporation, loans
126
Ward, Montgomery & Co
110




Page
Washington, D. C., Government employment in
103
Washing machines, electric, sales
41
Water power, electric energy produced
1
102
Water softeners and water systems,
orders, shipments, and stocks
41
Wax, production, stocks
52
Webbing, elastic, sales
33
Welland Canal, traffic
97
Wells, oil, completed
50
Western pine lumber, production,
shipments, and stocks
65
Wheat and wheat
flour
82, 83, 84
Wholesale price indexes
25, 26
Wholesale trade:
Credit conditions
119
Price indexes
25
Sales
117, 118, 119
Wisconsin, employment and earnings
_"
104, 106

Wood, consumption, and stocks,
chemical plants
73, 74
Wood furniture
68
Wood pulp
61
Wool:
Prices, wholesale
29
Receipts, imports, consumption, stocks, etc
27
Woolworth, F. W., & Co., sales
113
Work clothing, cut, shipments, returned stocks.
28
Workers, registered
105
Worsted yarn, wholesale price
29
Wrapping paper
60
Yarns, cotton and worsted, wholesale prices
29
Yields, bonds
125, 127
Youngstown District, steel workers'
wages
105
Zinc, prices

Auction, stocks, etc.. 48

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. ;€ottott Production in the United States, Crop lol
This report presents statistics of cotton ginned from the crop
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individual counties. Pa|>er, 40 pages, price, 10$. s -^r \; '
financial Statistics of &tate Governments, 1926;— AdHs<
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^ /' .:
and: net.debt, JBaper/jS pages. ^ v ; /
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^ageS,VlS-BT*TS!4rK«^<vri4. ^CoJklA

T*.fcn£afina -na&?}. fit^^<iv frtnW.lt

ilti<^:^f>
Federal
. Shaw and
i B4p.» (From

VI ©f report, presenting
tli% jiunib^r^ and h^seix^weT of ,the several types
movers arid, elecirie BiMor^: arid Hbte 'iltiml^ers
capacity of . cl<5cMc gcnerat^r^ .reported by
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oups
'
iustry Bulletms.*7*-tojese -j^ports present statisti^fo:

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^

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, Mnerat5^g^c^%f ih^Ml^d St^ef,; i^2S/:r i^e Deports
J-nu&iber of wage siaitoers, .etc. [ Ammunition, <&xplQs
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armsi" andfireworks,ITj&iesj Butter, cheese, an4 \ ^ ,
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:
"" 'titter,' ^fejpekrf l*em .sad Zinoin Adiscma in 1925. *v (Pt: 1,1pp. 5(53^600.)
y.^products (othez.4Gan,.gottefy) ftnd npnclay refractories pOt _ _ ^ ,
r
,--"lC^«' ; - " " •"''-/ ' * ' Y ? - , ,-.
and $an<Hime brick, 30 pages; Clocks, watches, amtp^rts* 11
" -^Ool^M^yMeaa
pages; -Leather industries, 31: pages; $fotof cycles, bicycles luad; Mineral Resources of the United States, 1926. Thefi&llowing
jpsarts, and cMdr^nV carriages and sleds, 11 pagek-;, ^efccfies,
pins, iiooks and.^yes, arici snap fasteners, 7 pages> P^apgr^aiicl I'epor^ have'beei Issued faad niay. be ^obtaln^d:^a| t^eprice,
um
-, ^ -^ * ^ j^ge^J ;Pit*o|^ refififiogi 18 .pages^ ^^dtpig ci^dicat^dt,
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>Tanning materials^ natural ^estuffe,, mbrd^its aj^cLksr
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.; ._ .
industries, Lumb4^ and^timte; ^rodu0ts,Zplamng mflls, wooden
American Documented Sekgoiag Merchant Vessels of 500
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_
j atets
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,w, feed by ag% sex, co£$r and ^ei^ure, and supjpt^nenta^ crop
s Bureau & Fisheries, yol. XLII,
:,arid flvestdck. d£t% ,^y cot£nti,es«v Arizona, 7—*~i" /^-1"--*-liIates, iaij>4 This bulletin^
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by the Ftsli^rles Bureau.
^anj 2S pagek^ iJew .York,, 2^ pages; Ho
;
.^Ohio^p^gesj^egonjl^^ages^Pen^st...,._..... „ _
"th.paronna^ 1Q i>age%; Sowth Dakota, M pages; Ut^H*
5
& Coast
3; Washington, l4,^ages] West Virginia^ liOL^a^
Jan. 1> 13£5; to ^ane % 4^?f , ]^y ^. H.
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is the^*ej
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Monthly Summary of Foreign Commerce of the United States,
^
B^l Jteseairch Council. tf :Frieer o£
tky,, 1927* Parts 1 4pd II. ~ f*art I contain^ statistics of expdrl^ tlhionr of the
:
J^Hde T
d Fbrei^t Ppftifor fear 1928.
of domestip jnerehanlise, a%il .impcffte b;y ai^tidesTor Mayy f92&
ce, 76^v L
>tid 1927, ,an4 for fmqi^hs elided 'May, 1926 a$d 1927. x P^trt Serial No,
'* ^
''
:II C€>i3ttains summariesf of , export and import, trade^, monthly s
:
laviptage import attd export prjcifes;;s1^tti$tics of tlade Wl"
: Buoy List, Maine and New
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.
^-r >
\, ' * v, V ^ l \ - ~ " ?..,. ,-• .
: :; Electrical; St4adw:d$. Spanfeh lection. *%hb Bureaji
States: Buoy List, Alaska, Sixteenth
, issuing^ a ^iries of efe^ttical standards, in Spanish,
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Immbers pf wfticli Mye been releassd since the
. , .
,
" ""
'
availafele iti 5 cents, each:
Regulations for United Stated Lighthouse
1327.
"
.
.
j

\

No. 37. HormlS
'
-s No. A K

attra

,

'

. .

- -

* '

Schedule A« Statistical Classification of Imports fata United
- States, with Rates of Duty and Regulations Governing Preparation of Monthly and Quarterly Statements of Imports Effective
v




-

Ingenieria *d$ Emninaciop
X

,

'

'

.
Bays, Sounds, and Lakes Other Than Great takes: General
Rules and Regulations Prescribed by Board of Supervising
Inspectors, as Amended at Board Meeting of January,

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OF COMMERCE
. - iSE^irrfiOOVER,Secretary of Commerce
J. WAIOTR DRAKE, Assistant Secretary of Commerce

a^Nc^-_ % /-V ,

:

t P. l^cOfe^c^BN/Jr^/Assisl^nt Secretary of ^jmnierce
/ '- *!/* '^ * \ f&r Aerbaa'^tMcs ' /„ " '^ ;'/. " ''., ' -'

dents; encouragement of $nui&cipal al^polN^r^^^i^ of -,
commerce;- s£ienti$c: fes^yeh i^ aer^awcsi and 'disiieflaiiia-,
oif these fto^Spyr^are performed "by'special, ditisfons of /tlie
"Mghtlio^se1 ^rvic^ tibe iBtHreau 0f gfeandai"d^i luid'the ^'—*•
and geodetic JSurveif./ ^ " ; * ^
' >^i' ' -',~-\./' A -/ - ' ' '-'

an q i i a ] e 8 r ;' 9 i i G ; '
10 ye^m^censuse^ t3|,a^c<i
every 5 year^,a^dja; census

.

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Researcla on helium and O{>er^tibnxof plants producing it,
Studies in the economics and xnarketlngt of minerals and collection of statistics on mineral resourcies and iaainte accidents. ,
THe dissemination of - results of .tediiiieal amd economic
researched In bulletins, technical papers, mineral resources
series, miners' circulars, and miscellaneous publications.

BUREAU OF JISflEMES
The projpa%ation and distribution of food fish and shellfish,
in oirder to prevent the depletion, of the fisheries; inve^igati<?is
ip prqila^te conservaiaon t of fishery resources J $he develop-,
inent^pf commercial fisheries and 4gricultifte;?stti3y of fishery
mg^hcKfe; |mj>rovements in merchandising a^d defection of
.fishery statistics j administration, of Afaskia fisheries and .fux,
sefilsjandtheprbtectionof si«>ttgeBo|rth6^oastof Florida, : »

BUREAU OP

iacluding f na^ciffcl ^/swfet^ <rf ^ ldca^gbv^rpi^eB$s^ evef y > 10
years; attnuai, epjp^piHttoai" Of ^nan^W statistics of State^an^
'
^ " •'
. r *-' ^V.A > -'' • • ' ' •
iWb^ l^irlJ^ deaths,
Compilation
«^lT» and^^ deith rates in (c|*|es^nd
and
v
y- "v
*
; or inontBly M statfstiqst t>ct cotfe^n,
Compilation^^
1
d t?$her IndusMes; |>^i^tion ia;tlie
wool, ibobai
Survey of
ess o| monthly c?<w^
.trial, statisilck
' " ' ^ ' , v -"'j ' V .V"^-r -V ' "" ^; i

it;
"/»i;;

„

GEORGE E, POTNAM> <Jommissioner
-6f lighthouses anA other, aids to water n&yigation. Establishment and maintenance of aids to navigation
,
of light I^ists, Buoy
Notices to Mariners, giving Information regardi
ctids to imvigatiou.

COAST AND
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of the coasts of the XJnited^aies and publication of
eharts for the navigation of the adfacent wa^i^s^ .including
Alask^, 1^ie Philippine Islands, H^wii, Por|o K|co, the Virgin
Islands, and the Canal Sfcne; interior control surveys; inag^ tide and Current observittions* and seismological-

Jtriiiis
r
FuMi6atiojQ
The colleotiomof ^mely infotmation^concera^xg TOrld market cttfrenit tables^of results through charts, coast pilots, tide tables,
and special publications. /
,
conditions and.dpenin^s for: JyneHeailpi^lu^ts in foreign couh-'
011
a
tries,, tikrougk «omsoierc|al attacfee^^ti^dejC^ni^^ ^^ ^ OF NAVIGlAflON
c0nsi4ar officers, arid ifetdiftribut!on/th|6^gli weekly O>mmeree
>*&g*r*tvt+4i. +enifa#xnti4 «r*hfifiUritial circ^lar^^the'xBe^s^nd trade ^
. , \
D. B. CABSOH, Cominissioiier
fa$i^offioef ii* §3^ii^v
Su^erfni^ndence of commercial marine and merchant .sestmen,
Supervision of registering, enroling, .licensing, numbering.
etc., ;of vessels under the ynited States flag, and the annual
publication of a list of such yesseifk ",
The cotiapilatioii* and:;disjb^ibutipp otl&ts <>f |^oi^|de .buyers
Bn%rcemeja^ of the navigation and (steamboat inspection,
1
and agents,fpr Atnerjcam p^(xfuct$ fe^^M pa^x^f tite wb^rld and
including imposition of fees, fines/ tonnage taxes, etc~
publication of wieklylislf €^§f^cific $a$9 pp^^rtuMiafes abroad.
The publicati^tt^^^pfis|a^istics, on j^^orjte-fiiB^^^slJorts.
STEAMBOAT
SEEl^CB
The study of #fetcij|&r6c^s$es of domestic'trac|€ tod Bommeree.
DICKBBSON N. HOOVER^: Supervising Inspector General
"tti^ inspection of merchant vessels, Including bojlers^ h
;
$nd lifesaving ectuipment, Eeen^hg df officers of vessels, 'c
Bcatioa of able seamen and^febo^ inen, aiid^the
a of of vlolaiio^^ of steamboat tespWtioii; laws.
of staiid^ds ised1>y scleiitific^ orfo^erli^^^p|i^; determiin^tion of physical/^onsia^ts'aiidp'rope^&iej&^f jltlk^^^^lsl researches
and tests ©n, jc^^terlaas^^nd1 processes,; and-'pufolic^bioii.'^f ficien11"
tffic an^ tei>jiiii^tl'i>u%t}ns r^rtiiig ^ults;iif-i^seai?ehes and
• V^l^clficatidns Jor Cfei
through the, Federal ^ecifieatj^s|B^ard.
, Collectibn ted d%semipbii©n of jiv^^-^,-^ t ___ r _ T _
building codes and tjte i^afifiing and cbni{$rp|Jti^lt5of Jbtpi|ses*
t WtE bitsi^fess p^pfcBijsati<^t^ Takd^^^t€^tuee the
i;<jo^amo^tlb.

UNITED STATES PATENT OFFICE
fi.
The granting of patents and the registration Of trademarks,
, find labels after technical ,ex^ntin^^ipji and: ludieial pro.Maintenance of library with public search room, containing
copies ©f fomgniind United States patents1 and, trade-marks.
Recording |>ills;of sale, assignment^ ete*» relating $p patente
tradj-mariis; 'Furnishing' copies of records pertaining to'
'
,
-, • • ..
JPubKcation of the weekly Official Gazette, showing the pat*
erits Bad trade-an^rks issued,

DIVISION

--^Technical inves^gjitic*ns ia the^iaijEH^g
,„._,
.utiUaation pf iaain^^, ibetudlafe tfi$ bitid|r r^Iiai»e,lfcazat4s
.and t^fetyJ:m6tA[©ds:^aiid of' top^pve^^^Bft^h^e llx the ^puoTesting of S>vefnineiit fuejg^ ted management ol the




liispeclaori ot radio stations; pn sMps: inspection pf ^adip statip|is.-phxshpr^, including broadcasting stations J licensing radio
,ppet^o;P8j assigning station ca^l letters; etfor^ing the term* pf
the International Radiotelegraph!c Convention; and examining ,
and settling international radio accounts.