Full text of Survey of Current Business : August 1927
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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 PUBLICATIONS OF THE DEPJJRtMENTOF Recent .publications of the Department of Commerc^-TiaVing iiie mdst^ireet, interestK$o ye^ders of the SxTB^felr 6$ ^, BUSINESS, ars%ted bek>V. - A complete M$t may be. obtained By addressing .t^P^^on:^ Publications, I^jjjartment of>pom~ . f merce, at Washington. Copies of the publications miay.be purchased frdrn''the Stipe1fin|eikient of Jpoc^meiits^^Joverriment Printing : " . ; ; Office, Washington, at the price stated. If notice Ja mentioned,' €bt6 ptibllcations a^e,distributed f tee. Used-Car Markets of foreign Countries, , by J.. H. _ OFFJCE OF THE SECEETAE? Shannrai. Inf^rmati^ B^ilfefin N6;.4^2j ; Glass for Air ports an<lr fixed Lights, Compiled aM proniul- "IPrlc^, 1-0^, .Trade1^ V ^ -, ' r '°^/ ; /• - -v :'^ -: li-t: 14 • pages. ,. ' , ,., *' ' " " '( gated by. the American Marine Standards Comniittee. AmeriParana N Pine Lumber Industry of Brazil, jby .Joseph C. , can Marine StaiidkfcJ H -No." 1-1025; ii+1 pages^ I Service. "Trade Kfrehey, forest in5^ectdrfr> parted States * Pricie 50. -~< ; ^ ,' ' '- , ''-" *his^a reVised ' ' ' ^ Radio Sertice Bulletin, June, 1$27. 16 pages, iPficfe, IDf^. , ? mdnthly in^the intent of radio servico. , Contains li&t's of radio edition of i Refineries Jnf1.'Foreign jPa complied by stations and references to current x _ radio UteratTite. \ Single \ldbn ?^ ^radellnforniatiori , copies, Sf5; annuar^ubscriptioiij\25^. , ^-, - , t \ :-:^ * . , . e^Qn an&Wilson, orMoslem byX. A. H. ^ V ,/' -*"' BUREAU OF THE CENSUS.; " ' ' • ; \ ,*-'> Make. pages. Butetin No. < >(F0rinforniation coaeerBing plan of publication aa3 aistribtitjon of census gnWida• . ' . ;€ottott Production in the United States, Crop lol This report presents statistics of cotton ginned from the crop 'of 1926 .for the United States, for the several States, &fct&;for individual counties. Pa|>er, 40 pages, price, 10$. s -^r \; ' financial Statistics of &tate Governments, 1926;— AdHs< of report on.. assessed,, valuation of property subject to general * ; tastes,! to|al -- .Tevenue^, gQyemmental-cost, payments, ^ /' .: and: net.debt, JBaper/jS pages. ^ v ; / •' \: and sal| ^of farm eQuipnient>: x V report covering produc,iabii;and:,Vaie:l of dl classes pf vfmple- -r - • . ' : : • % - &t>|fcJ^^y * i/J? -^1 AfX'if AJll/t^ \ - " Simplified ^Wac&c^ JKecoi^en^tf^i SS. 18, Builders' Safety Rules for Installation and Maintenance of Electrical Supply and Communication Lines, H^ibool ijp.;10; xxiv rh 3^2 ^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 the ^Unlted Staijes, oups ' iustry Bulletms.*7*-tojese -j^ports present statisti^fo: , ^ : . , Mnerat5^g^c^%f ih^Ml^d St^ef,; i^2S/:r i^e Deports J-nu&iber of wage siaitoers, .etc. [ Ammunition, <&xplQs on m^ineral xes^iirjBes^>aire issued in ^fee form of jsepara^^ bulletins, armsi" andfireworks,ITj&iesj Butter, cheese, an4 \ ^ , of * whic,h\the< jT^f^o^ing^t^aVve -been * r€ttea^0d - s^nce the JFuly ..••and evaporated, miljt, £$ pages; Clay-products industries, announcementvi&4.4aay ^be>. obtained a|t the" price Indicated: : "" '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, 293&.\ «CP& '1C? pp. (noafer?ous metak),, 12 pages; Soajy, $ pagesj ._jlgar'industries^nd com sirup, corn oil, and starch,,2u .)t Price, 5£. >Tanning materials^ natural ^estuffe,, mbrd^its aj^cLksr and ^^ ^ pa^es,' P^pe^ptice §#. each. Princ%>al ^u^w^ .; ._ . industries, Lumb4^ and^timte; ^rodu0ts,Zplamng mflls, wooden American Documented Sekgoiag Merchant Vessels of 500 "*" pages; Slati^terin^\and meat packing anS ; .,./ 35^pages. Pa^et, |>rice .10^ each. .' ; June, 1^?.< . M4-^6 pagesJ. Published s of Agrietdiiir^ 1925: Supplemental _ j atets fes ^resenting ^tatfeficf ^concerning farm pop^ation ,w, feed by ag% sex, co£$r and ^ei^ure, and supjpt^nenta^ crop s Bureau & Fisheries, yol. XLII, :,arid flvestdck. d£t% ,^y cot£nti,es«v Arizona, 7—*~i" /^-1"--*-liIates, iaij>4 This bulletin^ ^es; Fldrida, 21 p4^e^r^li^^> 37 pages; by the Ftsli^rles Bureau. ^anj 2S pagek^ iJew .York,, 2^ pages; Ho ; .^Ohio^p^gesj^egonjl^^ages^Pen^st...,._..... „ _ "th.paronna^ 1Q i>age%; Sowth Dakota, M pages; Ut^H* 5 & Coast 3; Washington, l4,^ages] West Virginia^ liOL^a^ Jan. 1> 13£5; to ^ane % 4^?f , ]^y ^. H. j, 24 pages;; Wyoming, 10 pages,-, Pap^r^ price J Publicatfes JNfr. 1^3^ 7 pages. is the^*ej on^lferreitiaL-Magtietisni and 1 ^tricity Geodetic^ and <Jeo^liy4cal Monthly Summary of Foreign Commerce of the United States, ^ B^l Jteseairch Council. tf :Frieer o£ tky,, 1927* Parts 1 4pd II. ~ f*art I contain^ statistics of expdrl^ tlhionr of the : J^Hde T d Fbrei^t Ppftifor fear 1928. of domestip jnerehanlise, a%il .impcffte b;y ai^tidesTor Mayy f92& ce, 76^v L >tid 1927, ,an4 for fmqi^hs elided 'May, 1926 a$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 Hawaii, and Porto Sico; Biagle copies, Part tt 10^; Hampshire, First Lighthouse District,-1S27 >(corrected to June - ^/ Juani^al, subscription;, $1%25V . ^-r > \, ' * v, V ^ l \ - ~ " ?..,. ,-• . : :; Electrical; St4adw:d$. Spanfeh lection. *%hb Bureaji States: Buoy List, Alaska, Sixteenth , issuing^ a ^iries of efe^ttical standards, in Spanish, to .Ufety '!$<<: 49 Immbers pf wfticli Mye been releassd since the . , . , " "" ' availafele iti 5 cents, each: Regulations for United Stated Lighthouse 1327. " . . j \ No. 37. HormlS ' -s No. A K attra , ' . . - - * ' Schedule A« Statistical Classification of Imports fata United - States, with Rates of Duty and Regulations Governing Preparation of Monthly and Quarterly Statements of Imports Effective v - Ingenieria *d$ 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, e ; , 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 . M^ r;;, t\; & $^-! 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?$her IndusMes; |>^i^tion ia;tlie wool, ibobai Survey of ess o| monthly c?<w^ .trial, statisilck ' " ' ^ ' , v -"'j ' V .V"^-r -V ' "" ^; i it; "/»i;; „ GEORGE E, POTNAM> <Jommissioner -6f lighthouses anA other, aids to water n&yigation. Establishment and maintenance of aids to navigation , of light I^ists, Buoy Notices to Mariners, giving Information regardi ctids to imvigatiou. COAST AND . of the coasts of the XJnited^aies and publication of eharts for the navigation of the adfacent wa^i^s^ .including Alask^, 1^ie Philippine Islands, H^wii, Por|o K|co, the Virgin Islands, and the Canal Sfcne; interior control surveys; inag^ tide and Current observittions* and seismological- Jtriiiis r FuMi6atiojQ The colleotiomof ^mely infotmation^concera^xg TOrld market cttfrenit tables^of results through charts, coast pilots, tide tables, and special publications. / , conditions and.dpenin^s for: JyneHeailpi^lu^ts in foreign couh-' 011 a tries,, tikrougk «omsoierc|al attacfee^^ti^dejC^ni^^ ^^ ^ OF NAVIGlAflON c0nsi4ar officers, arid ifetdiftribut!on/th|6^gli weekly O>mmeree >*&g*r*tvt+4i. +enifa#xnti4 «r*hfifiUritial circ^lar^^the'xBe^s^nd trade ^ . , \ D. B. CABSOH, Cominissioiier fa$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.