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;

...; • ' • •. UNITEP. STATES: v \ v •...•
DEPARTMENT OF COMMERCE
WASHINGTON

AUGUST, 1928

,

COMPILED,By

BUREAU OF THE CENSUS
IN COOPEkATlON ,;W*TH

\

BUREAU OF FOREIGN AND DOMESTIC
'

i

'

'v

, •

^; AN0

Jl

>

' ~

'< >

BltREAU OF STANDARDS

IMPORTANT NOTICE
In addition to figures given from Gov$rnrn,en$ spurns, there are *als$ incorporated;/or completeness of,
service figures^ from otfaef sources generally accepted by the tracles9 the authority >and responsibility
for which are noted iti the "Sources of Data*l,Q?i pages 139->142 o/ the present issue

Subscriptipn price of the SURVEY 6F CUKRENT BUSINESS is $1.50 a ye^r; shigle copies (monthly), 10 cbnts, semiannual issues, 25 cents.
Foreign subscriptions, ?^.25j single! copies (montnly issues), including pbstage, 14 cents; semiannual issues, J6 cents. Subscription
price of COMMERCE REPORTS is $A a ^ear; 1?nth the SURVEY, $5.50 a yeajr. Make^ remittances only to Superintendent of Docjuments,
Washington, D, C., by postal money brdeft express order, or New York iirafrv \ Currency at sender^ risk. Postage stamps or foreign
' '•''i
'
''
money not accepted ,
*• . _
,.'
\~ , '' _ ,
t'




U,S.£OVE!iSMefcf PRINfu'lG ^FFICE : 19,28.

INTRODUCTION
The SURVEY OF CUBRENT BUSINESS is designed to
present each month a picture of the business situation
by setting forth th$ principal f&cts regarding the v$ri~
ous^ lines of trade and industry; The figures reported
are very largely xtho^ .already m existence. The
chief function of the department is to bring together
these data which, if available at all, are scattered
in hundreds of different, publications. A portion of
these data is collected by Government departments,
other figures are, compiled by technical journals, and
still others are reported by tr^de associations.'
At semiannual intervals detailed tables are, pub' lished giving, for each item, monthly figures for the
.past two years and ye&fly^comparisons, where available, back to 1913; also jblank;liiies sufficient for ,si£
, months,have been left; ai;the> bottom of each;table,
enabling those who ^are'to do^so to enter new figures
as soon as they appear {^ee TablesHl to 115). In the
intervening mojiths the more important comparisons
only are £iv6n .in the tWble entitled '*' Trend of busk
ness movements;" \
•
-' V V' • - WEEKLY;SUPPLEMENT : ' , . / ' • .
.Realizing that current;.statistics, a;re Highly perishable and that to be, of use they;must reach the business
man, at th£ iearliest possible Moment, the aeparthienf
has, arranged to distribute supplements every weak to
subscribers in the tJnjted States. The supplements are
usually mailed on.-Saturdays and give such infornxation
as has been received 'during the week ending, on,the
preceding Tuesday. The monthly inforniation contained in these bulletins Js republished in the SURVEY,
•and thie, supplements, also contain charts and tables
of weekly data.
v ,^ \
RELATIVE AND INDEX NUMBERS
To. facilitate comparison between different important items and to .chart series expressed in different;
units, relative numbers /(qften .called "index n;u#ibers," a term referring morp p&rticularfy to a special
kind of number described below) have been €aMulated. The monthly average for 1923-1925 Iras
usually been used aa a,;b^se equal to 100,
The relative nuthl^ers are computed by allowing the,
monthly average for tjhe base year or period ip equal
100. If the movement fdr a c^rreiit month is greater
than the base, the relativ^iiiimber willbp greater than ,
100^ and vice versa. The.d^&rence between 1QO and
the relative number will givl at once the per cent
increase or decrease compared with the base period.< J
Thus a relative nuinb&t V6l HSlneahs an increase of 15"
per cent over the base period^ while & relative, BUniber
of 80 means a ^decrease of 20 per cent from the base.
Relative numbers may also\be used to calculate th&
approximate percentage increase or decrease it* a moyement from one period to the n&xt. Thus, if a relative
number at one month is 120 and for a later inonth it
is 144 there has been an increase of 20 per cent. ,
When two or more series of ?elativ6 numbers are
combined by ~a system of weightings, the resulting
series is denominated $n index number. The index
number, by (jombininj? Bpjany relative numbers,

designed to show, the trend of an entire group of
industries or for the country as a whole, instead of for
the single commodity or industry which the relative
number,covers. Comparisons with the base year or
with other periods are made in the same manner as in
the case of relative numbers, ,
RATIO CHARTS
In most instances the charts used in .the SURVEY
OF CURRENT BUSINESS are of the type termed "Ratio
Charts'' (logarithmic scale), notably the Business
Indicator charts on page 2. These charts show the
percentage increase and allow direct comparisons
between the slope of one curve and that of any other
curve regardless of its: location on the diagram; that
is, a 10 per cent increase in an item is given the same
" vertical movement whether its curve ^is, near the bottom or near the top of the chart. ; The difference
between this and the ordinary arithmetic form of
chart can be made <?Iear by an. example* If a certain
item having a .relative number of 400 in one month
increases 10 per cent ia the following month, its
relative number will be 440, and on aa ordinary
chart would be plotted 40 equidistant scale points
.higher than the preceding months Another movement with a relative; number of, say, 50 also increases
10 per cent, making its relative number 55. On the
ordinary (arithmetic) scale this item would rise only 5
equidistant points, whereas the previous item rose 40
points, yet each showed the same percentage increase.
The ratio charts avoid difficulty and give to each
of the two moveinents exactly the same vertical rise,
and hence the slopes of the two lines are directly
comparable. The ratio charts compare percentage
changes, while the arithmetic charts compare absolute
changes.
.
' - > •
RECORD BOOK
As an aid to readers in comparing present data
with monthly statistics in previous years, .the department is compiling a RECORD BOOK OF BUSINESS
STATISTICS, in which data now carried in the SURVEY
OF CURRENT BUSINESS are shown by months as far
back as 1909, if available, Full descriptions of the
figures and reports &f how the data are used in actual,
practice fcy business firms are contained in the RECORD
BOOK. The sections covering textiles and inetals have
already been issued and may b^ obtained for 10 cents
per copy from the Superintendent of Documents, Government Printing Office, Washington, D. C. (Do not
send stamps,) Notices of other sections will be given
in the SURVEY as they are issued.
METHODS OF USE
Methods of using^ and interpreting current .business
statistics h&ve been collected by the department
from many business concerns and are described in a
booklet entitled "How to Use Current Business
Statistics/' together with methods of collecting statistics. This booklet may be obtained from the
Superintendent of, Documents, Government Printing
Office, Washington t). C., at 15 cents per copy. (Do
not send stamps.)

This issue present^ practicmlly complete data for the jnonih of June and contains text coverinff the early weeks of
July {page 1), for which the basic figures in table and chart forrn are presented regularly in the weekly supplements.
As mQStdata covering a particular month's business are not available until from 15 to 30 days after the close of the month,
a compete picture of tfiat month's operations can not be presented at an early date9 but the weekly supplements give
every week the latest data available.




UNITED STATES DEPARTMENT OF COMMERCE

SURVEY OF
CURRENT BUSINESS
C O M P I L E D BY

BUREAU OF THE CENSUS
IN COOPERATION WITH

BUREAU OF FOREIGN AND DOMESTIC C O M M E R C E AND B U R E A U OF STANDARDS

August, 1928

WASHINGTON

No. 84

CONTENTS
SUMMARIES

Page
Preliminary summary for July
1
Business conditions in June
8
Monthly business indicators (table and chart)
2, 3
Weekly business indicators (table)
6
Wholesale prices (table and charts)
9. 10, 11
Semiannual statistical summary of commerce and industry
4, 5
Revised index of commodity stocks
20
Automobiles, building, mining, manufacturing, electric
power, and transportation (charts)
7
Forecast of prospective carloadings, third quarter of
1928
18
Special long-time monthly data on retail lumber sales,
Ohio employment, silk-goods price index, ratio of
brokers' loans to stock values, and life-insurance
lapses
138
Sources of data
Index

139
143

INDEX BY SUBJECTS

Textiles
Metals and metal products
Fuels
Automobiles
Rubber
Hides and leather
Paper and printing
Building construction and housing
Lumber products
Stone, clay, and glass products
Chemicals and oils
Foodstuffs and tobacco
Transportation and public utilities
Employment and wages
Distribution movement (trade, advertis., etc.)Banking, finance, and insurance
Foreign exchange and trade

Text
page

Table
page

12
13
14
14
14
14
14
15
15
15
15
16
17
9
17
17
17

28
36
35, 52
50
55
58
60
65
67
74
78
87
101
108
116
123
134

PRELIMINARY SUMMARY FOR JULY
Business during the early weeks of July, as indicated
by check payments, was greater than in the corresponding period of last year. Operations in steel
plants, although somewhat lower than in June, were
more active than in July, 1927. Employment in
Detroit factories, reflecting conditions in the automobile industry, registered advances over both the
preceding month and the corresponding period of last
year. The volume of new building contracts awarded,
while running low^er than in June, was higher than a
year ago.
Loans and discounts of Federal reserve member
banks showed only slight change from the previous
month, but were higher than a year ago. Interest
rates on time money averaged higher than in either the
previous month or July of last year, while call-loan
rates, averaging lower than in June, also were higher
than a year ago. The general level of wholesale prices

averaged slightly higher than in the previous month,
showing an advance over a year ago. Stock prices
receded from the preceding month but were higher
than a year ago. Prices for bonds, reflecting higher
interest rates, declined from both prior periods. Brokers' loans were further reduced during the month,
following the declines in stock and bond prices. The
Federal reserve ratio showed only little change from
the previous month but was lower than a year ago.
Business failures were less numerous than in the previous month but showed little change from a year ago.
The output of lumber was running smaller than in
either the previous month or July of last year. Bituminous-coal production was higher than in either
prior period. Car loadings of freight showed a slight
decline from a year ago. Petroleum production was
running lower than in July, 1927.

NOW READY—How to Use Current Business Statistics, a 90-page booklet published by the Department of Commerce. Price,
15 cents per copy, from the Superintendent of Documents, Government Printing Office, Washington, D. C. See description
on back cover of this issue.
731°



MONTHLY BUSINESS INDICATORS, 1923-1923
[Ratio charts—see explanations on inside front cover. The curves on check payments, wholesale trade, sales of mail-order houses, 10-cent chains, department store:
and manufacturing and mineral production have been adjusted for normal seasonal variations]

1924 ! !925

I 1928

I 1927

BUILDING CONTRACTS (FLOOR SPACE
I I ! I I .




I . 1 ! . I . I I . ...| | , |_L... I. ! I.I

I I I .,1 I 1 I I I I I 1 . I I.J.I

J927

MONTHLY BUSINESS INDICATORS
The principal business indicators are shown below, all calculated on a comparable basis, the average for the years 1923 to 1925
inclusive. Thus the table gives a bird's-eye view of the business situation in a concise form, so that trends of the principal indicators
may be seen at a glance.
Certain indicators, in which there is a marked seasonal movement, are shown with the average seasonal variations eliminated,
as noted below. In this manner a more understanding month-to-month comparison may be made.
MONTHLY AVERAGE
1923

ITEM

1924

1925

1S28

1837

1328
1

Apr.

1827

May June July Aug. j Sept. Oct. ! Nov. Dae. I Jan. Feb.

)

•i

Mar.

Apr.

May June

a

1923-1925 montbly average=109
Industrial production:
* Total manufacturing
Total minerals
Pig iron
S^eel ingots
Automobiles
Cement
Lumber (5 species)
Cotton (consumption)
Wool (consumption)

-

101. 0
105. 0
_. 111.7
10-18
101. 5
62,1
98.6
105.9
112.8

ISaw material output?
Animal products
Crops
Forest products
Crude petroleum
Bituminous coal
Copper
._

&4.0
96.0
88.7
88.7
90.9
99.8
96.2
89.7
9-16

105.0
99. 0
101.5
106.4
107. 7
108. 1
105.2
104. 4
82. <5

10S. 0
107. 0
109.0
113. 1
108. 5
110.0
101.5
108. 5
89.7

106. d
107. Oj
101. OJ
104.6
85. 7J
115. 3
94,6
120. 3
97.0

100.0 104.0 96.0 96.0 97.0
92.0 104.0 104.0 109.0 113.0
99.0 97.0 104. 0 98.0 93.0
99.4 99. 9 103.7 104.6 121.41
108.0 92.5 99.5 109.7 99.4
93.4 100.2 106.4 110.2 104.9

Power and construction:
Electric power
Building contracts (37 States)

92.5
89.7

1
107. 0 111. 0 - G. 0 110. 0
10P. 0 If" 0 105. 0 F3 0
r
96 1 07 I 1^7. 1 :C6.
ilo.* ir.r 13C.4 i-n.5
70.2 93.1 125. 2 121. 2
78. G 70 I 82.3 .08. 4
76. 1 &7 2 J7. 1 fc°. 7
113. 5 ir s .1^.3 102.3
' p ',' 32 0
£5 e> 1 02.

110.0 109.0
10o>. (• J»M) 0
10°, - 10-. ]
l^.G If 3
120. 0 120. I
i.J9. 0 1 10. 6

95.0 115.0 123. 0 109.0 105.0 87.0 95.0 92.0 88. o| 96.0 94. 0 97.0 95.0
62.0 62.0 60.0 65.0 115. 0 183.0 219. 0 166. 0 120. ol 88.0 81.0 77.0 81.0
93.0 99.0 96.0 89.0 99.0 98. 0 96.0 93.0 86.08 81.0 87. 0 97.0 96.0
118.2 124.2 121.4 127. 6 127.1 122. 3 125.6 120. 2 120. 71 117. 8 110. 9 122.2 117. 5
79.6 81.2 84.1 77.2 95.7 98.2 101.0 93.3 94. 8| 101. 5 94.9 100. 9 73.9
107.8 108. 6 105.4 99.4 102. G 100.0 106.1 103.2 101. 98 103. 8 102.2 106.6 105.7

108. 0 117.0
72.0 52.0
101.0 98.0
122. 5 118.1
84. 1 82.6
111.8 110. 6

109.0
10-1. 0
114.5
119. 4;
122.6
113,0
91.0
120.6
92.8

111.0
108. 0
113.5
117. 1
122. 4
134.4
101.9
123.3
93.6

108. 0 106. 0 107. 0
104. 0 100. 0 106. Q!
103.4 08.8 98.6
101. 1 S2.7 101. 2
97.5 81.3 93.5
138. 6 140.1 147.4
99.9 96.5 107,5
129.1 no. 9 123.4
95.0 84.1 98.1

121.7
125.8

Stocks :
* General index
* Manfd. commodities (28)
Cotton
Copper (refined)

94.5 102.0 103. 5 114.6 120. 5 115.3 107.8 106.1
93.8 103.2 103.0 106.3 111.5 111.3 111.1 113.6
102 5 91.4 108.2 145. 5 163.2 148.2 124.0 100.3
106.4 113.9 73.1 64.8 85.4 87.7 95.5 85.1

Prices:
Farm products, to producers
Wholesale, all commodities. _
Retail foorL.
Cost of living (including food)

.

87.0
83.6

91. S
90.6

84.8
82.1

74. C
71. 1

77.2
72.4

74.2
63.9

02.

f

00. .'
87.1

72.2
63.0

72.1
85.8

71.5
66.9

68.8
65.9

67. C
70.0

67.1
72,4

71. 5^ 81.2
83. 2| 89.5

81.6
92.1

81. 4
90.8

76.8
81.1

73. 5
71.6

75.0
76.2

104. 1 108.2 119.0 131. 7 134.2 133. 4| 129. 0 130. 0 127.0 122. 0 116. 0 109.0
115.7 114.1 112.8 108.6 109. 6 111.4| 115.0 120. 0 120. 0 119.0 113.0 119.0
85.8 87.6 135.2 179. 8 200. 0 195. 81 178. 8 159.1 135.7 117.8 96.7 74. 6
92.2 82.7 76.4 74.1 80.3 84. 21 85.2 76.8 77.1 64.4 58.6 52.0

i,
106.8

S6.3

97.2

98.0

97.8 67.1 106.5 98,6
99.7 97.2 102.6 99.1
97.6 97.6 104.9 107.6
98.1 99.9 102.3 1C2.3

34. 3

96.6

05.6

91.2 96.7 111.9 119.6 132.5 134. 3 127.7
101.0 98.0 101.0 gao 95.0 64.0 95-0
98.0 99.0 103.0 106.0 106,0 105.0 103.0
92.0 98.0 110. C 115. 0 120.0 113. 0 118.0
88.0 99.0 113.0 125.0 138. 0 137.0 132.0
97.8 93.1 109.0 114.3 107.0 118, 3 107. 3
91.5 100.8 107.8 105.5 106.8 109.4 103.6

Transportation:
* Car loadings. ._
Freight, net ton-miles

99.8
102.2

Finance:
Member bank loans and discounts. 94.1
Interest rate (commercial paper) _ _ 116.2
Federal reserve ratio
99.0
Price, corporation bonds
96.4
Price, railroad stocks
86.0
Price, industrial stocks
86.1
Failures (liabilities)..
106.0

97.6 102.8 103.8 104.0
95.9 101.9 109.1 101.5
98.5
90.0
104. 1
99.9
96.1
91.9
106.8

107.4
93.5
96.9
103.6
117.9
122.0
87.2

112.9
100.9
96.0
108.0
133.4
132.4
80.4

©5.0

93.1

93.2

63.8

93.4

91.6

90.7JJ 83.8

S4.9 90.6 91.3 94.2 94.2 95.7 101.4 100. 7 £9.3 99.3|
95.4 92.9 92.9 93.0 93.3 94.4 95. 6 96.1 95.8 95.93
103.6 102.9 103.6 106.2 102. 9 101. C 102. 9 1G4. 3 10-4.9 104 2jj
89.9 99.9 99.9 109.5 98.7 98.7 99.3 99.9 98.9 99. 9|

Distribution (values) :
* Bank debits, 141 cities
" Wholesale trade.
* Department stores, sales
* Mail-order houses, sales
* 10-cent chains, sales
Imports
_ __
Exports.




102. 0 93.0 U9 ™
105. 0 101. 0 103. Of
93.2 8S 8 90.21
95. 9 90 5 91. W
66.5 4G.7 40 4J
138. 2 1?S 3 O i f j
101.5 I? 4 4 82 9?
119.4 lul 9 105 9j
103. 7 97.8 bS.CJ

98.1 109.5 122.6 133.3 129.3 131.6 129.5 129.2 133.5 131.7 138.2 137.1 143. 8J 144.9 137.0 144.5 136.7 142. 1 139.5
92.7 117.6 111.0 106.8 126.0 111.6 118.6 102.4 11G.1 101.9 115.0 105.2 95.28 96,0 103. 7 132. 7 142.4 143.5 142.2

Unfilled orders:
General index
U. S. Steel Corporation

Em ploy m eat:
Factories

105.0
1 05. G
92. 9
94.6
78.9
140.8
105.8
122.2
101. 6

117.3
95.4
99.1
112. 5
162.7
171. 4
102.3

141,0
96.0
109.0
122.0
141.0
105,9
112.0

130.7
91.0
105.0
117.0
144.0
110.1
128.7

182.1
65.0
107. 0
119.0
140.0
106.6
121,4

86.1 109.2 128.9 102.7 103.3 103.3 101.3
99.4 107.5 103.1 102.9 112.6 115.1 122.1

95.2
99.8

114.6
95.8
103. 0
111.9
158. 3
159. 8
125.4

116.7
95.8
99.5
112.1
162.4
167.6
89.1

129.7
93.0
104.0
121.0
135.0
109.9
94.0

117.5
98.6
100.5
111.2
165.3
168.8
81.3

127.8
95.0
103.0
127. G
139.0
98.9
90.1

115.7
98.6
103.2
111.4
167.3
177.3
101.8

' Seasonal adjustments.

137.6
100.0
111.0
133.0
140.0
114.2
98.7

117.3
92.8
101.4
112.9
167.9
183.7
92.4

119.3
92.8
08.8
113.4
171.5
193.9
77.3

120.0
92.8
96.4
114.4
168.5
188.4
85.5

121.4
92.8
92.2
114.9
171.6
190.0
85.3

91.2

91.8

91.4

91.2

91.3

99.3 67.8 99. 3 101.4 107. 2 105.1
85.4 95.5 95.1 96,5 97.7 96. 7
103. C 101.3 101. 2 101.6 102. 8 102. 0
C9.2 98.4 98.1 87,9 98. 4 08.0

j

136. 0? 142. 1 1^9. fi
93. Ol 95.1 97. 0
ni.ci 105.0 105. 0
128. OR 113. 0 116. 0
147. of 140. 0 142. C
102. 5g 104. C 108.7
107 4l "^08.2 97.8

164. 8
92.8
105.0
113. 0
142. 0
117. 8
110.8

161. 8
89. 2
103. 0
117. 0
147.0
107. 2
95.9

IG8. 8
96.2
104. 0
132. 0
144. G
109. 8
111.1

165.4
89. 2
105. 0
144. 0
153. 0
98.1
102.7

96. Sj 68. G 101.8 129. G 83.0 106. 4 127.0
§2.7.1 97,2 95.7 105.8 96.1 105 2

123. 2|
92.81
86. 5|
116. 6j
171. IB
193. 71
120.91

121. 9
92.8
95.5
115.9
169. 1
193. 5
112.3

120. 9
92.8
96.0
115.8
164.7
191.2
106.3

123.3
95.8
95.6
115.7
170.1
204.8
129.3

127.3
101. 6
90.9
116.0
176.0
210. 4
82.5

126.9
104.4
89.2
115.0
178. 9
213.2
85.2

128. 4
113.2
84. 7J
112.3
169. 6'
202.1
66.0

MID^YEAK STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1924-1923
The following table contains a review of production since 1924. A similar presentation for the entire year
and distribution by principal industries and branches 1927, with comparisons since 1923, was given in the
of commerce for the first half of 1928, with comparisons February, 1928, issue of the Survey.
VOLUME OF PRODUCTION AND DISTRIBUTION IN 1928, JANUARY-JUNE, INCLUSIVE
1924

ITEM

1925

1926

1927

1928

38, 746
2,718

40, 974
2,665

FOODSTUFFS
Corn grindings (bu. —000 omitted)
38, 830
Sugar meltings (long tons—000 omitted) . . 2,452
Oleomargarine production (Ibs. —000
123, 595
omitted)
677, 917
Butter production (Ibs.—000 omitted)
Condensed and evaporated milk produc927, 734
tion (Ibs.—000 omitted)
Egg receipts (cases —000 omitted)
__ 10, 327
94, 901
Fish catch (Ibs. —000 omitted)
Meat production, inspected slaughter
(Ibs.—000,000 omitted):
2,438
Beef products
__
4,735
Pork products
219
Lamb and mutton products
_ _
Cottonseed -oil production (Ibs.—000,000
386
omitted)
Wheat-flour production (bbls.— 000,000
60
omitted)

34, 342
2,734

47, 545
2,278

108, 046 121, 153 135, 708 152, 890
676, 395 759, 784 829, 166 764, 318
949, 616 990, 015 1,067,542 1,061,074
10, 422 10, 170 11, 162 10, 842
113, 488 120, 839 138, 898 143, 322
2,570
3,948
233

2,754
3,845
248

2,602
4, 151
241

2,327
4,806
249

631

734

848

529

56

56

55

TEXTILES AND CLOTHING
Consumption (000 omitted):
263, 948 263, 412 240, 449 279, 904 264, 254
Wool (pounds) _ _
3,794
3,345
3,351
2,816
3,396
Cotton (bales)
289
167
240
237
275
Silk (bales)
Production (000 omitted):
2,574
2,125
2, 501
2,919
1,811
Fine cotton goods (pieces) _
_ __
Boots and shoes (pairs— 000 omitted) 157, 901 160, 450 154, 307 165, 074 166, 399
Knit underwear (dozen garments—
6,175
7,308
6,677
6,386
6, 770
000 omitted)
Hosiery (dozen pairs—000 omitted).. 21, 277 23, 219 21, 375 22, 824 21, 001
Men's and boys' suits (dozen —000
13, 354 14, 740 14, 456 12, 807
omitted)
METALS AND EQUIPMENT
Production (000 omitted):
Pig iron (long tons)
Steel ingots (long tons) _ _ .. _
Steel sheets (short tons)
Tin (consumption —long tons).
Production (short tons):
Zinc. Copper
New orders:
Structural steel (short
omitted)
Steel castings (short

tons— 000
tons— 000

Fabricated steel plate (short tons—
000 omitted)
Machine tool orders (index number).
RAILWAY EQUIPMENT
Locomotive shipments (number)
Freight-car shipments (number)
PRODUCTION OF FUEL AND
POWER
Coal (short tons —000 omitted) :
Anthracite
Bituminous _
Coke (short tons—000 omitted):
Total
Petroleum, products (000,000 omitted):
Crude petroleum (bbls. —42 gal.)
Gasoline (bbls.—42 gal.)
Kerosene (bbls.—42 gal.)
Gas and fuel oil _ _ _ _ . - _ _ _ Electrical energy, central stations (kw.
hours— 000,000 omitted) :
Total
By water power
By fuels
PAPER
Production (short tons— 000 omitted) :
Newsprint
Book paper
Wrapping paper
Wood pulp
-_




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

28, 765
19,011
22, 383
1,698
39

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

28, 352
19,431
23, 807
1, 825
37

27, 902
18, 522
24, 793
2,002
38

277, 474 293, 192 319, 300 317, 425 316,077
393, 107 429, 792 433, 198 426, 98S 422, 623
1,284

1,378

1,433

1,395

1, 586

528

500

575

537

506

149
104

178
130

249
151

265
135

259
214

756
32, 881

619
53, 468

901
46, 450

570
28, 388

314
20, 173

ITEM

24, 027

25, 054

28, 632

26, 532

25, 448

355
105
29
14
157

370
125
30
15
175

359
143
31
16
174

438
161
28
15
193

435
175
30
202
17

29, 105
10, 441
18, 664

31, 633
11,373
20, 260

35, 547
13, 148
22, 399

39,411
15, 205
24, 206

42, 359
17, 401
24, 957

754
616
511
2,257

763
649
539
2,197

844
680
531
2,315

775
680
543
2,215

715
761
571
2,157

1925

1926

1927

1928

BUILDING AND BUILDING
MATERIALS
Contracts awarded (36 States—000,000
omitted):
Total floor space (sq. 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
Maple flooring
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

390
2,322

407
2,660

434
2,990

411
3,073

484
3,318

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

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

2,724
3,302
273
677
853
297
101
271
245
62
272
56

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

2,570
2,918
250

98
224
235
46
252
45

3,730

4,153

4,076

4,355

3,910

66, 787
62, 496

72, 842
70, 086

71, 824
71, 105

75, 058
74, 775

77, 005
73, 953

600
748
802

632
745
773

618
717
709

584
646
670

593
685
701

1, 775
187

1,866
216

2,070
235

1,803
266

1,966
236

18, 943
23 480

23, 401
399
30 984

23. 161
'319
29, 674

26, 341
338
28, 464

92
84
92

100
94
113

108
104
139

109
116
161

116
128
202

13
596
155

13
600
166

14
644
179

14
623
185

15
601
188

2,090
1,850

2,363
2,064

2,207
2,303

2,367
2,124

2, 379
2, 087

132
97.9
144
163

147
103.5
152
166

141
101.2
162
169

127
94.7
156
165

140
97.1
153
162

115
1,796

202
1,868

218
1,626

279
1,982

416
1,701

61.93
109. 31

79.22
138. 83
77.04

89.55
160. 83
79. 88

108. 96
194. 37
82.78

119. 94
253. 60
85.61

AUTOMOBILES AND TIRES
Automobile production (000 omitted):
Trucks!
Rubber tires, production (000 omitted):
Pneumatic tires
___ _ _
Solid tires and cushions
Inner tubes
DISTRIBUTION
Sales (index numbers) :
r f ! o

to]

i" ,

32 grocery chains ....
Advertising, agate lines (000, 000 omitted):
Newspaper, 22 cities
Postal receipts (dollars— 000,000 omitted).
Foreign trade of United Stales (dollars—
000,000 omitted):
Exports
Imports
PRICE INDEX NUMBERS
Farm prices (rel to 1909-1914)
Wholesale prices (rel. to 1926)
Retail food prices (rel. to 1913)
Cost of living (rel. to July, 1914)

44, 757 43, 969 36, 254 40, 897 37, 103
235, 260 234, 886 267, 506 276, 629 234, 289

1924

BANKING AND FINANCE
Securities:
Sales (000,000 omitted)—
Stocks (shares). . ... __ __ _
Bonds, total (dolls.)
Prices monthly average (dolls.) —
25 railroad stocks. ...
|
25 industrials
i Banking and insurance (dollars—009,000
omitted):

TO gp

4, 456
5,133
6, 241
5, 668
5,819
Check payments (debits)—
Outside New York City
118,971 124, 737 133, 517 138. 530 151, 209
New York City
127, 532 154, 042 172, 424 189, 474 247, 913
Interest rates, average (per cent)—
New York call loans
3.77
3.76
4.29
5.01
4.21
Commercial paper 60-90 days
4.44
3.84
4.32
4.23
4.17
Business failures:
^ns
Liabilities (dollars— 000,000 omitted).
304
210
282
247
Firms (number).. .... _ .... . 10, 785 11, 420 11,476 12, 296 12,831

MID-YEAR STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1925-1928—Continued
STOCKS OF COMMODITIES HELD AT MID-YEAR INVENTORY PERIODS
19

»

May

192 8

19 37

19 26

May

May

June

May

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

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

223, 542
1, 847, 225

1, 179, 488
i 2, 040, 067

975, 043
1, 868, 296

305, 958
2,483
42, 517
6,235
1, 252
264, 158

382, 596
1,885
44, 016
6,039
1,279
256, 800

i 331, 324
4,414
31, 143
6,128
1,379
281, 354

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

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

1, 152, 617
493, 023
19, 332
4,734
51, 254
29, 165
3,378
18, 440
1,688
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
101, 925
227, 018
279, 287
35, 402
210, 059

June

50, 413
899, 826
1, 210
370, 898
73, 029
149, 467
30, 002
6,300
31, 528
22, 350
947
2,213
111,976
25, 404
50, 864
35, 826
71, 605
8,962
61, 525
29, 782

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

June

43, 756
991, 593
1, 360
361, 915
33, 985
101, 748
23, 544
6, 250
36, 239
18, 110
1, 143

June

FOODSTUFFS AND TOBACCO
Beef products
Pork products
Lamb and mutton
Sugar (raw at refineries)
Cottonseed oil
Cottonseed cake and meal
Wheat (visible United States)
Wheat flour
Corn (visible United States)
Oats (visible, United States)
Barlev (visible)
Rvo (visible^
Lard
Butter
...
Cheese all varieties
Cheese American
Eggs frozen
Eg^s case
Poultry
Fish
Coffee (visible, United States)
Rice (domestic)
Tobacco
. _

74, 618
Thous. of Ibs
_
886, 713
Thous. of Ibs
1, 913
Thous. of Ibs
325, 906
_ _ Long tons
44, 339
Thous. of Ibs ._
100, 085
Short tons
36,911
Thous. of bush
5, 700
Thous. of bbls
18, 676
Thous of bush
Thous. of bush
37, 520
Thous. of bush___
1, 809
8, 507
Thous. of bush
138, 295
Thous. of Ibs . _
Thous. of Ibs
13, 036
42, 888
Thous. of Ibs
Thous. of lbs_._
_
29, 550
29, 544
Thous. of Ibs
7,712
Thous of cases
. __
68, 126
Thous. of Ibs
23, 749
Thous. of Ibs
537
Thous. of bags . 363, 747
Thous. of pockets
1 2, 035, 678
Thous. of Ibs

713

32, 210
1, 128, 524
2, 163
682, 591
33, 509
45, 387
40, 480

147, 318
89, 996
67, 216
49, 999
81, 263
10, 565
50, 065
36, 696

37, 212
1, 105, 439
1, 276
701, 624
47, 409
59, 745
50, 381
6, 300
27, 554
7,319
1,435
1, 696
188, 073
15, 952
48, 990
36,716
67, 941
8,168
43, 872
26, 358

1, 400, 980
2, 081, 695

1, 181, 230
1, 841, 078

1, 455, 366
i 1, 998, 145

1, 067, 092
1, 734, 378

397, 446
3,679
29, 111
6,397
1,484
293, 615

i 291, 657
4,659
35, 527
7,914
1,527
230, 924

385, 615
3,776
37, 024
8,141
1,623
226, 274

261, 749
3, 637
42, 088
9,030
1,709
241, 264

385, 407
2,805
41, 127
8,980
1,766

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

18, 877
166, 711
58, 585
45, 225
3,708

22, 981
151, 606
53, 868
44, 468
2,148

1, 102, 498
521, 237
16, 974
2,151
60, 282
31, 689
4,269
21, 255
2,082
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
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, 503
2,507
158, 014
243, 959
303, 586
47, 264
153, 445

1, 208, 417
551, 687
11,063
3 083
58, 276
25, 061
3, 181
20, 972
2, 625
139, 463
219, 007
267, 871
52, 340
165 991

1, 101, 740
473, 560
13, 264
3,009
75, 948
27, 514
2,366
25, 927
2,517
135, 793
183, 173
239, 678
46, 741
128, 789

1, 090, 126

583

947

743

647

1

788

17, ^51
3, 3(»2
711
1,465
214, 465
69, 343
68, 493
53, 617
77, 690
9,998
38, 182
40, 895

775

861

CLOTHING MATERIALS
Wool grease equivalent (mills and dealers)
Cotton (mills and warehouses)
Silk (warehouses) _ .
Hosiery
Knit underwear
Hides and skins

Thous
Thous.
Bales
Thous.
Thous.
Thous

1

of Ibs
of bales
of doz. pairs...
of dozens
of Ibs

METALS
Thous. of long tons
Short tons
Barrels
Short tons
Long tons

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

MATERIALS
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. _.
Number
Number
Number
Barrels
Barrels

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

13, 530
2, 75-2
71,425
26, 271
2,153
25, 021
2, 495
120, 723
173,898
227, 929
61, 336
165, 604

RUBBER AND PAPER
Thousands
Thousands
Short tons
Short tons
Short tons

Pneumatic tires
Solid tires and cushions
Newsprint (at mills)
Wood pulp, mechanicalWood pulp, chemical
1

Quarter ending Mar. 31.

6,477

5,449

9,271

8,989

9,370

9,369

9,794

32, 037
288, 978
37, 980

31, 864
294, 358
38, 012

18, 207
234, 037
39, 274

18, 852
241, 754
42, 132

24, 233
243, 762
39, 120

26, 549
238, 231
39, 086

37, 207
186, 377
42, 120

158

_

155

214

215

178

Unit

COMMODITY

1925




156

39, 979
184, 682
45, 882

UNFILLED ORDERS FOR SPECIFIED COMMODITIES
JUNE 30—

Hosiery
Knit underwear
Cotton finishing
Pyroxylin coated textiles
Sheets, blue, black, and galvanized
Steel (U. S. Steel Corporation). _
Locomotives. _
Ocik flooring
Maple flooring _
Baths (enamel)-. Small ware (enamel)
Face brick
Common brick
Freight cars
Ships ._
Furniture
_
Boxboard.
.
Illuminating glassware

186

_

Thous. of doz. pairs...
Thous. of dozens
Days
Thous of linear yds
Short tons
Thous. of long tons
Number
M feet b m
M feet b. m
Number
Number
___
Thousands
Thousands
Number
Thous. of gross tons
No. of days' supply. ..
Short tons
No. of weeks' supply..

8,302
2,935
4.0
1.730
440, 687
3,710
411
50, 092
9,498
111,797
252, 991
1, 153
326, 226
27, 458
186
56
92, 401
2.3

1926

6, 229
2, 391
'4.2
2,374
422, 237
3,479
667
41, 741
9,317
80, 050
172, 026
1, 130
220, 078
34, 874
199
60
109, 559
2.5

1927

6,342
2,614
5.5
2,671
399, 562
3,053
400
37, 983
11,634
45, 479
115, 375
1,113
254, 191
21, 956
219
53
94, 847
1.3

1928

Percentage
change
June 30,
1928, from
June 30,
1927

4,743
2,060
3.6
4,226
526, 798
3, 637
201
49, 002
10, 500
121, 061
315, 920
950
260, 970
12, 446
264

-25. 2
-21. 2
-34.5
+58.2
+31.8
+19.1
-49.7
+29. 0
-9.7
+66.2
+73.8
-14. 6
+2.7
-43.3
+20.5

77, 882
1.3

-17.9
0

DECEMBER 31—

1925

1928

6, 206
2, 736
5. 5
1,677
677, 907
5,033
708
61, 103
9,076
83,831
189, 157
770
253, 490
40, 015
232
56
107, 756
1.9

5,100
1,562
5.0
2, 523
529, 940
3,961
398
35, 995
9,706
49, 804
127, 104
673
311, 979
18, 481
314
42
86, 562
1.0

1927

5,395
1,912
3.9
2,979
745, 393
3,973
232
27, 887
8,736
33, 160
104, 774
730
224, 825
12, 431
204
29
74, 729
1.0

6

WEEKLY BUSINESS INDICATORS 1
[All data, except Fisher's index (1926 = 100), are relative to the weekly average for 1923-1925 as 100]

WEEK

?

1

ENDING

j!

SAT.'- t
1

1

'£

s

\

!£*
£*q

00

3

<y

&

£3

MJ

SI
3

11

75.7

f

JulV'-"

03. 0

8". r

0
88 0 07 5
iO. j 87.0 81.6
23
i:S.O M. 71
oJ
80.0 83.2
Aus.—
86.0
<S7.2
13
V2.0: 93.3|
20_._| 02.0 93. ?
27
89.0 100.0

Sept.—

3
10—
17_-.
24....

Oct.—
1—
8—

22""
29-..
Nov.—
5--.
12
19—
20. ._
Dec.—
3
17~~~
24_-_
31--.

CO. 0
73 0
105.5
100. 1
104. 5

;p

'! «
M

"^

a

£

„•> .
A Q\_—

i

2
~
b

f

!

j

•*•

g

s3

1~~

•§

®
A

a
o
W

fi
p

:?
£

A

"o
W

42.0 1-1.7 1 2 L 1 1 1';^.7 luG. .",
46 5 1 °i 7 130 0 131 0 87 "
43. 3
106. 1
43.7
ii5!: 117.1 105. ti
-43. 3 121. 1
lOi.O 109. 1

iS o

1
U

0

s

5
3

87.0
86.0
87.0
84.0
86.0

107. 3
108.6
106.4
105. 5
104.5

41.2
44. 1
36.3
42.9
34. 7

121.8
121.3
119. 7
119 2
118.4

123. 6 113. 0 117. 5
117. 0 140.9 114. 8
115.1 106. 2 116.8
152 0 140. 1 117.7
131.8 122.2 116.0

86.0 92.6 105. 5
87.0 97.0 105.5
88.0 102.0 104.5
91.0 90.6 96.4

38.4
37.1
33. 5
35.1

117.8 86.3
118.5 102.8
118.4 133.1
119.9 120.1

1
H

£

94. i» 300. 8
04. . 211.7
93. 5 200. 6
93.5 IbO. 7

117.3 100. 1 112.1 1 05. 7
117.5 1-t i i . i l inn n 10";. 7
lib. 0 100. 6 97. 0
116.0 101.7 90.9 102! 'b
115. 9 102.8 90. v 100.0!

7C.O 110.7 100. 4
00 '> 117.0 101.2
07. 8 117. 0 101. 3
02.2 lib. 5 101. 3

170.2 108. 7 90. ,,
170. 0 T » ' i f , - . 4
KV.2 jVi. o'l ~9b! *
107. 1 j-03. / Iu4. <± i

0_ ~
Sv 4
1'-. f
80. 1,

165. > 10S. 1 10 k l
i08 31 "°b

S ' i

KiO <i

SI G

173.-J l v K 4 i 10 / S

S~ 0

174 5 UK 41 101.7
177. G 1Gb. 5 107. .

yl.3

87.9 100.0 179.5
90. 9 97. 1} 175. 1
84. 8 102.', 177.5
84. 8 91.4 180.3

ioao

95 3

100. 2
109. 3
109. 4

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110.7 108. 6
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95.5
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73.2
71.3
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84.8
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100.8
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June—

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1

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93.0 111.5 97.3
97. 0 99. 8 101.4
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Feb.—
4— 109.0 103.7 101.4
11... 111.0 100. Oi 104.5
18-.. 112.0 90.2 106.4
25-.. 111.0 104.4 108.6
Mar. —
3— 109. 0 103.0 101. 4
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i

1

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1928
Jan.—
7
14...

12
IP
2

3
w

fex

BANKING AND FINANCE

i
i
I

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r
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i^(
07. Uj 85. 0 07. 3 55.",:
9?. 0 87. ^ 99. 2 53 5

105.0

3 -..I

:

42

"§
•^ «s

RECEIPTS

|

1927
Junr—

7_
142l"

WHOLESALE JUICES

TBADE

PRODUCTION

i '

!

78.7
81.3
79.8
77. 0

81.2 84. 1
MJ. 9 84.2|
77.9 8~'.3
98." 6 Ti . b 81. 5 1
1

105! i

10". 1 03.2 24. c 61.4
10 \ J 1 / 0 . 2 30.4 »7. 7
10 x!
235.8'
9.6 113. C
105. 1 2yO. 6 10. 0 73. 7
!

66. 6
77.7
G9. 2

69. 5

128.7 84. }'
120.7 87. G
SO. T
125.i
00. 2,

J26. 0 ;

201.8 110. 5 125. 8! 114.7
20-1.8 110.5 127.0:: 1 15.91

157. ", 1,37.1 105.4
IbO. b ]b7. J 192.0
re. 4 137. i 1 fl. ,
j33. r 137. 1 UK. 3

N4. !
1UO
Lr. 1
au10). *

10\f, 87. 7
«08. 1 Jl-i. 5'
107.4 s)i. 7
108. 6 87. ,"

117. r
11 ». (
liv >
U-s.8
iix1 " 0. 5
120. U
122.2
123. 7

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 J2. G. Dun& Co. Detroit2 employment from The Employers' Association of Detroit.
The actual week for all items does not always end on the same day.







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

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

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

8
BUSINESS CONDITIONS IN JUNE
PRODUCTION

SALES

Manufacturing output, after adjustments for seasonal variation, showed a decline from the previous
month but a gain over June, 1927. Mineral output,
however, was lower than in either period. Movement
of animal products to market in June, although greater
than in May, was lower than a year ago. Crop marketings showed declines from both prior periods. The output of forest products registered a decline from the preceding month but showed no change from a year ago.

The general index of unfilled orders for manufactured
goods showed a gain over the previous month and
June, 1927. As compared with May, unfilled orders
for textiles and transportation equipment were lower,
but orders for iron and steel and lumber showed
advances. Contrasted with a year ago, higher unfilled
orders for iron and steel and lumber were more than
sufficient to offset declines in textiles and transportation equipment.

PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1923-1925 monthly average—100. Unfilled orders are principally those of iron, steel, building materials, and textiles. June, 1928, is latest month plotted]

1923

1924

1925

COMMODITY STOCKS

Stocks of commodities, according to the revised
index of the Department of Commerce, details of
which are given on page 20 of this issue, were larger
at the end of June than a year ago. The increase over
last year in the general index was due to larger holdings
of both manufactured goods and raw materials. Of
the manufactured goods smaller holdings than a year
ago were registered in nonferrous metals, chemicals and
oils, and lumber, while larger stocks were reported in foodstuffs, iron and steel, textiles, leather,rubber, and stone,
clay, and glass products. In the case of raw materials
declines from a year ago were registered in textiles and
metals, while foodstuffs and chemicals showed advances.



1926

1927

1928

Wholesale trade was smaller in June than in May,
being lower also than a year ago. Contrasted with last
year, all lines of wholesale trade showed declines except
meats and drugs. Retail trade in June, as measured
by department-store sales, after adjustments for
seasonal variation, gained over a year ago as well as
over May. Merchandise stocks of department stores,
however, showed declines from both periods. Sales
by mail-order houses were larger than in either the
previous month or June a year ago, while the volume of
business of 10-cent chain-store systems also showed
gains over both prior periods. Sales by grocery, shoe,
apparel, and drug chains also showed gains over both
periods after adjustments for seasonal variations.

PRICES

Wholesale prices, as reflected by the general index,
averaged lower than in May, but were higher than a
year ago. Compared with May, all groups declined
except fuel and lighting, metals and metal products,
and building materials. Contrasted with last year all
groups showed higher average prices except fuel,
building materials, chemicals, and house furnishings.
Classified by state of manufacture, all groups showed
declines from May but advances over a year ago.
The index of prices received by farmers for their
produce also averaged lower than in May but was
higher than a year ago. All groups showed gains over

factories producing foods, iron and steel products,
lumber, stone, clay and glass products, tobacco manufacturing, and vehicles, while declines were registered
in textiles, leather, paper and printing, chemicals and
oils, and nonferrous metals. Contrasted with a year
ago, all groups showed smaller employment except
vehicles for land transportation, which registered a
gain. The greatest declines from last year in factory
employment occurred in textiles, leather and stone,
clay and glass factories. Factory pay-roll payments
in June were also larger than in May but were lower
than a year ago. As compared with May, increased
payments were noted in factories producing food,

PRICE COMPARISONS
[Prices at wholesale are relative to 1926; farm prices and the cost of living are relative to the average for 1923-1925. June, 1928, is latest month plotted]

130

WHOLESALE

, l.. 1. i .. I., I , , I.,
1923

1924

1926

1926

1927

1928

1923

1924

1925

1926

1927

1928

1923

1924

1925

1926

1927

1928

1923

1924

1925

1926

1927

1928

last year except fruits and vegetables. As compared
with May, declines were registered in all groups except
the unclassified items. Retail food costs were lower
than in either the preceding month or June a year ago.
The general cost-of-living index declined from May
and from June, 1927. As compared with May, all
items were unchanged except food and shelter costs,
which declined. Contrasted with a year ago, all items
were lower except clothing, which advanced, and light,
which showed no change.
EMPLOYMENT

The general index of factory employment in June
showed a gain over the preceding month. As compared with May, larger employment was registered in



lumber, leather, paper and printing, tobacco products,
and certain miscellaneous industries, while declines
were registered in textiles, iron and steel, chemicals,
stone, clay and glass, nonferrous metals, and vehicle
factories. Contrasted with a year ago, all groups
showed smaller pay-roll payments except paper and
printing, nonferrous metals, and vehicles.
Reports from the American Federation of Labor
show 89 per cent of union members in representative
cities employed in June, as compared with 87 per cent
in May. Wages of common labor showed no change
from the preceding month but averaged higher than a
year ago. The number of applicants per job at employment agencies declined from a year ago.

10

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
[Relative numbers, 1926 monthly average taken as 100. June, 1928, is latest month plotted. Data from which these charts are drawn are given on the opposite page]

FLOUR, WINTER

WHEAT, WINTER

160

CORN, NO. 2

140

;i

.

<T

>^

^....

120

^

1"**

SOO

80

HsJ
d-t" •t"

/

£T ..

•«

CATTLE .STEERS

180
160 V
s

%

e • .»°

....

^•Vs *a*a

.•

^

—

<»

•»

'••
•e

80
>^a 2*^

60

SUGAR, RAW

••

A

SUGAR, GRANULATED

*•

-,

t

•e

jj^S*3

.t

.
.

.. ••
.

'•-,

T

.....

LL^

^

%

80

•f"

B*S^

••

• ••

asss

.•

...

1* •

"1" '•• ...
.-

BOB! asas

COTTONSEED OIL

si*=U&

100

RUBBER,CRUDE

••• ..,

N

COTTON YARN:

COTTON, RAW
*»

120
100

&* ^ ^
«•

80

*o
••I

• •'

»

««KjMS*^

.•

,.6

-. '..

«^B RSRT,

*e

«o

• ••

.•'

rt***

•"

»••

9 •

,••

••

V,

160

1- •••«

•*

130

1

tff&a

&$

LEATHER, SOLE, OAK

.-

X

sssa *&

iSBSS

ess

9

100
/2SB
n

».

SSSS2S

70

PETROLEUM:

LEATHER, CHROME CALF

ISO

...

..

«< •°

'•*<

••'
,». *

**

' *•

»• •••

V ep
**

^N

9

WOOL, 1/4 BLOOD COMBING

HIDES, PACKERS

SILK, RAW

WORSTED YARNS

190

COTTON PR INT CLOTH

(.

.
.

. 5ao 4 434* ',4°
&0

60

8S85S3

«

...

HAMS, SMOKED

»<• *

i o.

140

••

,

•
M

100

120

"!"

.e

e®

«f
e.

120

HEAVY

f

..

'

fe«^

140

^

••)•••

*.

HOGS,

BEEF, CARCASS

16§0

x^

e

i •

X

* * •«
... • •

*

o.

OATS

BITUMINOUSCOAL

•'

••

*

-

COKE

140

'N
•e

X

100

";
i M"*•

60

PIG IRON, FOUNDRY

120

100

«

"-

80

T

!*rr

.COPPER INGOTS

120

•aafS acraa >

ZINC

TIN

&£

-j.

X

i
i

**s*

60

STEEL BEAMS

KE^

LUMBER, PiNE, FLOORING

..

r

rft&t

e « <

CEMENT

BRICK, COMMON,

*,

100

-"

-I

80
60
2

i e I !I I i 1 1 8 1 I I




l i § l:
"|92 7 « 8 . ..«...«

•

Q

-

g

S

|

|

|

S

|

f

, .
««

^^ •"

c

H

>

0

2

S 5' £' < I

-,

§ § £" 6 § 8

11
WHOLESALE PRICES FOR SPECIFIED COMMODITIES
* NOTE .—Prices to producer on farm products and market price of wool are from £7. S. Department 0} Agriculture, Bureau of Agricultural JEJcommKa,, noo ferrous metals
i_
from the Engineering and Minino Journal-Press, exeept tin, which is from the American Metal Market. All other prices are from U. 8. Department of Labor Bureau of
Labor Statistics. So far as possible all quotations represent prices to producer or at mill.
RELATIVE P3ICS
ACTUAL PRICB

(dollars)

1926 average =100

Unit

COMMODITIES

Mav,
1928

1928

June,
1927

1. 443
1. 025
1. 033
. 201
43. 00
. 0909
. 0882
.1303

1.320
1.022
. 836
.197
41.25
.0910
.0870
. 1318

1. 301
.889
1.910
.148
26 27
. 0708
.0840
. 1195

96
132
63
124
145
138
66
110

1.502
1.898
1.072
.692
1.041
1. 362
11. 643
. 217
. 55
13. 181
9. 613
7. 313
15. 188

1.376
1. 654
1.033
.714
. 962
1. 257
6. 492
.214
.55
13. 556
10. 119
5.875
13. 031

1.456
1. 448
1. 003
. 503
.916
1.146
7. 633
.168
.42
11.831
' 8. 688
5. 156
13. 250

92
118
136
150
146
133
150
116
115
140
74
135
117

141
161
150
143
137
124
120
138
78
111
111

89
107
136
166
1 39
132
77
122
120
142
&2
89
95

8. 490
7. 631
.045
. 059
. 106
.201
229
.206
.45
.215

7.9.50

96
104
103
106
84
122
130
65
100
94

101
105
104
197
89
122
134
67
100
94

100
108
86
129
1 32
70
98
94

102
101
97
108
99
100
97
87
85

106
105
99
110

104
102
98
110

100

100

81
85

78
85

June,

April,

1928

May,
1928

June,

May,

Juno,

1928'

1927

1927

FAM-M PRODUCTS-AVERAGE PEICE TO PRODUCES
Whoat . ...
Com
Pot^oes
Cotton
Cottonseed
Cattle, beef
1 Hogs _„_.__...
Lambs

...„..-...._....._.......
„
.

„..„.-

.. . .
..

._
.

«,_. __„

„„„ ... _

_. .„

Bushel
Bushel
Bushel
Ponnd
Ton
Pound
Pound
Pound

1

147
56

146

158
141
75
113

131
152
141
74
114

91
104
79
92
96

in

80
103

96
127
103
98
97
110
71
103

FARM PRODUCTS— MARKET PEICE
Wheat, No. 1, northern spring (Minneapolis) _ _ ._
Wheat, No. 2, red, winter (Chicago)
_„__ _ _ _.
Corn, contract grade No. 2, cash (Chicago)
Oats, contract grades, cash (Chicago)
.„ .
Barley, feeding (Chicago) ... . . . . . . .
Rvo, No. 2, cash (Chicago)
„
Tobacco, leaf, average sales, warehouse (Kentucky)
Cotton, middling upland (New York) ...
.
_.
,_
Wool, % blood combing, Ohio and Pennsylvania fleeces (Boston)
Cattle, steers, good to choice, corn fed (Chicago)
Hogs, heavy (Chicago)
„
..
...
Sheop, ewes (Chicago)
. .
Sheep, lambs (Chicago)
. ..
... .. .
..
..

Bushel
Bushel
Bushel
Bushel
Bushel —
Bushel
Cwt
Pound ...
Pound
Cwt
Cwt

nwt
Cwt . ..

FOOD

93
94
115
118
129
119
93
89
120
77
90
108

94
94
132
117
132
102
90
96
91
124
70
78
97

|

Flour standard patents (Minnoapolis)
. „ . ...
B arrel
Flour, winter straights (Kansas City) „
„
.
Barrel
Sugar 98° centrifugal (New York)
Pound
Sugar, granulated, in barrels (New York)
.. _
..
Pound
Cottonseed oil, prime yellow (New York)
Pound
Boef, f^ssh, carcass, good native steers (Chicago"* _
...
Pound
Beef, fresh, carcass, steers (New York)
__ Pound .„
Pork, snicked hams (Chicago)
. ...
.. ..
Pound
Butler, creamerv, 92 score (New York)
. ..
Pound ...
Pound
Oleomargarine standard, uncolored (Chicapo) -= . . .....

!
|

7. 180
.043
. 059
. 102
.212
925
.215
.44
.215

TEXTILES
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
Cotton-print cloth, 64 x 60~38}4"-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 dross goods, French, 39 inches Bt mills, serge __ _._ _ _ .
Suitings, unfinished worsted— 13-oimoe. mill..
Suitings, serge, li-ounce, 56-58 inch..
„___„
.......
Silk, Japan, 13-15
Hosiery, women's, puro silk, mill
. ... ...
. .

97

Pound
Yard
Yard
Pound
Yard
Yard
Yard
Pound
Dozen pair

i
1
!
I

'

. 380
. 079
. 092
1. 575
1 025
2. 008
2. 095
4. 998
10 290

374
!077
. 091
1. 575
1 025
2. 008
2. 095
4. 851
10. 290

7.913
7. 063
. 046
.060
.0<>2
. 170
. 188

:!f
•m
. 346
.073
.084
1.325
. 975
1.913
2. 048
5. 488
11. 270

94

93
90
111

no

77
10-i
110
84
96
94

94
97
107
110
78
104
130
80
96
94

94
94

97
97
90

94
95
95
94
93

1 1
To
93
i.

LEATHER
Hidf>s preen salted, packers' heavy native steers (Chicago) ... ...
Hides calfskins No 1 country 8 to 15 pounds (Chicago^
Leather cliromo calf, dull or bright "B" grades (Boston)
Leather sole oak soour6d backs he&vy (Boston)
Boots and shoes, men's black calf blucher (Massachusetts)
. .
Boots and shoes, men's dress welt tan calf (St. Louis)
„_._..„

Pound
Pound
Square foot.
Pound
Pair «
Pair

.240
.295
. 000
.670
6. 750
5.000

.224
. 266
. 530
. 680
6. 750
5.000

. 195
.201
. 480
.490
6.4-90
4. 902

183
170
132
149
10f)
102

175
170
132
153
106
102

160
154
117
155
106
102

120
102
100
103
100
CD

139
116
106
112
100
91)

93
89
93
67
03

92
89
93
60
63

92
90
95
68
63

99
98
94
61

99
99
94
77
61

92
92
94
101
99
72
80
78

92
88
94
103
100
73
79
82

90
83
92
105
101
84

98
98
94
91
95
79
103
83

97
96
94
90
93
76
]0o
85

FUEL
Coal, bituminous, prepared sizes (composite price). .„„
..
..
Coal, anthracite, chestnut (composite price) __„_
„.
Coke, Connellsville (range of prompt and future) furnace— at ovens...
Petroleum, crude, Kansas- Oklahoma— at wells

Net ton
Net ton
Long ton
Short ton__
Barrel.

3. 98f>
4. 288
12. 752
2. 095
1. 190

Long ton...
Long ton...
Long ton...
Pound
Pound.....
Pound _.„._
Pound.....
Pound

18. 960
10. 300
33. 000
. 1420
.189
. 0012
. 5154
. OG03

Mfeet
Thous?.nd__

35. 88
13.50

36.40

38.96

13. 50

13.50

79
82

80
82

81
82

87
94

86
82

Barrel
Cwt
Pound
Ton .
Cwt

1. 600
1.875
. 105
15. 500
2.525
3.250

1.600
1. 850
.165
15. 500
2.525
3.250

1.600
1.850
.278
15. 000
2.600
3.250

97
97
48
107
88
94

97
96
43
107
88
94

97
95
43
107
88
94

97
97
79
103
92
94

97
95
73
103
91
94

4. 307
12. 932
2. 800

i. iyo

4. 272
4. 755
13. 057
3. 169

METALS
Pig iron, foundry No, 2, northern (Pittsburgh)
„
.
...
Pip iron basic vallev furnace
Steal billets, Bessemer (Pittsburgh)
. _
.
,
Copper ingots, electrolytic, early delivery (Now York)
Brass, sheets^ mill
_
..
. _
.......
Lead, pig, desilverized, for early delivery (New York)...... . . . . . .
.....
Tin Straits (New York)
_
....
Zinc, slab, western (St. Louis).

'8.510

j.'. !50

3? u;,'}
. "MfS

• 9'^9

. 4794
. 0016

1 9. 890
17. 875
33. 000
. 1237
. 177
. 0641
.6742
.0621

BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, mill
Brick common red, domestic building (New York)
Cement, Portland,, net without bags to trade, f. o. b. plant (Chicago
district) . __
_.
„
Steel beams, mill (Pittsburgh)
_
_.
Rubber, Para Island, fine (New York) _ ._
„
Sulphuric acid 66° (New York)
Wood pulp, sulphite, domestic, unbleached, news grade (New York)..
Newsprint rolls, contract, mill




Cwt,

I

12
REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

Wool receipts at Boston were larger in June than in
either the previous month or the same month of last
year, while imports, showing a decline from the preceding month, w^ere larger than in June, 1927. The
consumption of wool by textile mills decreased from
both the preceding month and the same month of
last year, while the total for the first half of 1928 was
also smaller than in the same period of 1927. Machinery activity in woolen mills was likewise smaller in
June than in either prior period.

cotton yarns and fabrics were generally lower than in
the preceding month and higher than a year ago.
Cotton finishers reported smaller billings, new orders
and shipments than in either the preceding month or
last year. Operating activity of cotton finishers in
June was likewise smaller than in either prior period.
Stocks of finished goods, although lower than in the
preceding month were higher than a year ago. [Infilled orders on the books of cotton finishers at the
end of June were lower than at the end of either the
previous month or the same month of 1927.

THE TEXTILE INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. June, 1928, is latest month plotted. Curves covering imports of wool and exports of cotton are plotted from
12 months' moving monthly averages plotted on the end month]

1923

1924

1923

1925

1926

1927

1928

1924

Exports of raw cotton showed declines from both
prior periods, while the consumption of cotton was likewise smaller in June than in either the previous month
or the same month of 1927. Stocks of cotton held at
the end of June, both at mills and in public storage,
were substantially lower than a year ago. Prices for
cotton, both to the producer and at wholesale, averaged
lower than in May but were higher than a year ago.
Cotton machinery was less active than in either
prior period. Production, new orders and shipments
of cotton textiles were lower than in May. Stocks of
cotton textiles continued to increase, while unfilled
orders at the end of June showed a decline. Prices of



1923

1924

1925

1926

1927

192

1923

1924

1925

1926

S927

1928

Imports of raw silk in June were smaller than in
May, showing a decline also from June of last year.
Deliveries of silk to consuming establishments showed
a decline from the previous month but a substantial
gain over last year. For the first six months of 1928,
silk deliveries were larger than in any other comparable period on record. Stocks of silk at manufacturing plants were larger than in either prior
period. Prices of silk averaged lower than in either
the previous month or the same month of 1927.
Imports of rayon were lower than in either the preceding month or June of last year, while rayon prices
showed no change from either period.

13
METALS

Iron-ore consumption in June was smaller than in
May but larger than a year ago. Stocks of iron ore at
the end of the month were smaller than a year ago.
The ratio of furnaces in blast to the total in the industry showed a decline from the previous month but
was higher than a year ago. The production of pig
iron was lower than in either prior period, with a
decline registered also in the total for the first half
year. Wholesale prices for iron averaged lower than
in either the preceding month or June, 1927.
The production of steel ingots, although lower than
in May, was greater than in June of last year, while
the total for the first half of 1928 also recorded an

period. New orders for steel boilers showed gains
over both the preceding month and the same month
of 1927. New orders for fabricated steel plate, although smaller than in May, were larger than a 3^ear
ago.
The production of copper at the mines, although
smaller than in May, was greater than a year ago.
For the first half of 1928, copper production was
smaller than in the same period of 1927. Stocks of
refined copper were considerably smaller at the end
of either the previous month or June, 1927, while
exports were larger than a year ago. Wholesale
prices for copper averaged higher than in either the
preceding month or June of last year.

THE METAL INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. June, 1928, is latest month plotted. Curve covering zinc stocks is plotted from 12 months' moving
monthly averages plotted on the end month]

1923

1924

1925

1926

1927

1928

1923

1924

1925

1926

1927

1928

J923

1924

1925

1926

1927

1928

192.3

1924

1925

1926

1927

1923

advance over a year ago. Unfilled steel orders at the
end of June were larger than at the end of either the
preceding month or June, 1927. The production of
steel sheets by independent manufacturers showed a
decline from May but was larger than a year ago.
Stocks of steel sheets at the end of the month were
lower than at the end of either the preceding month
or June a year ago.
The output of steel castings registered a decline from
May but was greater than a year ago, while new
orders showed declines from both periods. New
orders for fabricated structural steel were substantially larger than a year ago, but declined from May.

Shipments, however, were larger than in either prior


Imports of tin were smaller than in either the previous month or June a year ago. The price of tin
averaged lower than in either prior period.
Fewer zinc retorts were in operation at the end of
June than at the end of either the previous month or
June of last year. Zinc production, although greater
than a year ago, was smaller than in Ma}7. Stocks
declined from May but gained over last year. Prices
for zinc averaged higher than in May but were lower
than a year ago.
Lead production showed a slight decline from May
and was considerably lower than a year ago. Prices
for lead averaged higher than in May but were lower
than a year ago.

14
FUELS

HIDES AND LEATHER

The output of bituminous coal was smaller than in
May or than in June a year ago, while, for the first
half of 1928, it declined from last year. Mine prices
for bituminous averaged lower than for either prior
period. The production of anthracite coal declined
from both the preceding month and the corresponding
month of last year. The price of anthracite, both at
wholesale and at retail, averaged higher than in May.
The output of coke declined from May but was greater
than a year ago, while coke prices averaged higher
than in May but were lower than in June of last year.
The output of crude petroleum was smaller than a
year ago.

Imports of hides and skins, although lower than in
the previous month, were considerably larger than a
year ago, while the production of hides, as reflected
by the slaughter of cattle, w^as smaller than in either
prior period. The output of sole leather, although
smaller than in May, was larger than in June of last
year. Exports of sole and belting leather were smaller
than a year ago. Prices for leather were generally
higher than in June, 1927. The production of shoes
was smaller than in May, showing a decline also from
June a year ago. For the first six months of the year
the output of shoes, however, gained over the same
period of 1927.

THE FUEL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. June, 1928, is latest month plotted where data were available]

COAL PRODUCTION
9
I 8
I I I I , , I i, I.

1924

1923

1925

1926

1927

1928

1923

1924

1925

1926

1927

P928

1923

1925

1924

1926

1927

1928

1925

1826

1927

1928

AUTOMOBILES

PAPER AND PRINTING

The production of automobiles in June was smaller
than in May but considerably larger than a year ago,
with the total for the first half of the year also showing
a gain over the same period of last year. Exports of
automobiles were smaller than in May but almost
twice as large as a year ago, while for the first half of
the year exports showed a considerable gain over the
same period of 1927. Shipments of accessories and
parts abroad were larger than in either the preceding
month or the same month of 1927. Foreign assemblies
of automobiles declined from both the preceding
month and June a year ago.

The output of newsprint paper was smaller than
either the previous month or June a year ago. The
Canadian production of newsprint, although smaller
than in May, was considerably larger than ID June,
1927. For the first half of 1928 domestic production
of newsprint was substantially lower, while Canadian
production was greater than in the corresponding
period of last year. Imports of newsprint were greater
than a year ago. Imports of wood pulp, both chemical and mechanical, showed large gains over a year ago.
The price of chemical pulp, showing no change from the
preceding month, averaged lower than a year ago.




15
BUILDING AND CONSTRUCTION

New contracts awarded for building construction,
measured both in value and in floor space, were considerably larger than a year ago, but declined from
May. For the first six months of the year new awards
were more than 10 per cent larger than a year ago in
floor space and 7 per cent larger in value. Building
costs in June showed little change. Fire losses in the
United States and Canada were smaller than in May.
LUMBER AND LUMBER PRODUCTS

Lumber production was generally lower than either
the previous month or the same month of 1927.
.Lumber prices were generally lower than a year ago,

end of June were larger than in the preceding month
but smaller than a year ago, while stocks showed declines from both periods. Prices for common brick
showed no change. New orders for terra cotta showed
a considerable gain over May, being larger also than
in June, 1927. New orders for vitreous-china plumbing fixtures were smaller than a year ago but unfilled
orders gained over last year. Stocks at the end of
the month were smaller than a year ago. Production
and shipments of Portland cement were larger than a
year ago, with the totals for the first half of 1928 also
showing gains over last year. The production of polished plate glass was greater than in either the previous month or June of last year.

THE AUTOMOBILE AND RUBBER INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. Where available, June, 1928, is latest month plotted]

I Ql i i . l n l n . l i l l n l l l l i ' l l l l l l l l i l l i I I I I n h I 1 1 1 I I I l l l h i l l l l i l l u l l l l l l l l t l l l h l l l l l l l l i l l l l l l i

1921

1922.

1923

1924

1921

1922

1923

1925

1926

1927

I92i

I

but averaged higher than in May. Production of oak
flooring declined from May but was greater than a
year ago. Maple flooring showed the opposite trend.
Unfilled orders of oak flooring at the end of June were
.greater than in either period while forward business
.on the books of maple-flooring mills declined from
both periods. Stocks of flooring, both species, were
generally larger than at the end of June, 1927.
STONE AND CLAY PRODUCTS

The production and shipments of face brick in June
were smaller than a year ago but production was greater
;than in May. Unfilled orders for face brick at the



DLuliiL 1 1 1 1 i n I J 1 1 1 1 1 ,

19211022

1921

1922

1923

iG24

1925

1926

1927

1928

CHEMICALS AND OILS

Imports of nitrate of soda, while smaller than in
May, were larger than a year ago. Exports of sulphuric acid gained over the previous month but were
smaller than a year ago. Consumption of fertilizer
was smaller than in June of last year while fertilizer
exports increased. Imports of potash were greater
than either the preceding month or June a year ago.
Exports of vegetable dyes were smaller than a year
ago while coal-tar dye exports were almost twice as
great. Production of refined methanol was greater
than in either the previous month or in June, 1927.

16
FOODSTUFFS AND TOBACCO

The visible supply of wheat at the end of June,
both in the United States and Canada, was practically twice as large as a year ago. Receipts of wheat
at primary markets, however, showed a decline from
last year. Wholesale prices averaged lower than in
May while exports showed a gain over the previous
month and a decline from a year ago. The visible
supply of corn w^as likewise smaller than a year ago
while receipts at primary markets were also lower
than in June of last year. Corn prices averaged lower
than in May but were higher than in June, 1927.
Total exports of grains showed declines from both
prior periods.

showing no great change from last year, were substantially lower than in May. Storage holdings of lamb and
mutton were considerably higher than a year ago.
The factory output of butter was smaller than in June
of last year, receipts also declining. Storage holdings
of creamery butter at the end of June were considerably
lower than a year ago. The wholesale price of butter
averaging lower than in May, was higher than a year
ago. The production of cheese, all varieties, was
larger than a year ago, but receipts declined. Cold
storage holdings of cheese were greater than a year ago.
Wholesale prices of cheese averaged higher than in
either the previous month or June a year ago. Receipts of eggs at the markets were slightly lower than.

THE TOBACCO INDUSTRIES
[Relative numbers, monthly average, 1923-1925, taken as 100. May, 1928, is latest month plotted]

1923

1924

1925

1926

1927

1928

1923

1924

1921

1926

1927

1928

MANUFACTURED TOBACCO
i l l , , I n ! . , i.In | M ! I I | M | M ! M !

1923

1924

1925

1926

1927

1928

Keceipts and slaughter of cattle at primary markets
were lower than either the previous month or of June
of last year. Prices for cattle averaged higher than
in either prior period. Storage holdings of beef were
lower than a year ago while exports showed a gain.
Wholesale prices for beef were generally higher than
a year ago. Receipts and slaughter of hogs at primary
markets were smaller than a year ago. Prices for hogs
averaged higher than in either prior period. Storage
holdings of pork products were considerably larger
than a year ago while exports were smaller. Wholesale prices for pork products were generally lower than
in June, 1927. Receipts and slaughter of sheep and
lamb were greater than a year ago while prices, though




1923

1924

1925

1926

1927

1928

in June, 1927. Case eggs held in storage at the end
of the month were likewise smaller than a year ago.
Imports of sugar were smaller than in either the
previous month or June a year ago. Refiners' stocks
of cane sugar were almost twice as large as a year ago.
Prices of sugar, both raw and refined, averaged lower
than in June, 1927. Imports of coffee were larger
than in either the preceding month or the corresponding period a year earlier.
Exports of unmanufactured tobacco were smaller
than in May or in June of last year. Cigarette exports
showed substantial gains over both periods. The
wholesale price of unmanufactured leaf tobacco averaged lower than in either period.

17
TRANSPORTATION

Freight-car loadings, while greater than in May,
were smaller than a year ago. More surplus freight
cars were available than in either the previous month
or June of last year. Clearances of vessels engaged in
foreign trade showed larger tonnages than in either
prior period. Merchandise-warehouse space at the
end of May was 70 per cent filled as against 69 per
cent at the end of April.
DISTRIBUTION MOVEMENT

Postal receipts were smaller than in May but larger
than in June a year ago. Newspaper advertising
declined from both prior periods while advertising

Interest rates on call loans, time loans, and prime
commercial paper averaged higher than a year ago.
Loans to brokers and dealers were lower than in the
preceding month but higher than in June of last year.
Business failures showed smaller liabilities than either
the preceding month or June a year ago. New sales
of ordinary life insurance were greater than a year
ago.
GOLD, SILVER, FOREIGN EXCHANGE, AND TRADE

Receipts of gold at the mint were smaller than in
May but larger than a year ago. Exports of gold
increased over the preceding month, being practically
fifty times as great as a year ago. Silver production
was larger in June than in either prior period. Exports

BUSINESS FAILURES
[Actual number of failures, by lines, plotted as 12 months' moving monthly averages on the end month]

1,000
400

\

GROCERIES AND MEATS

MANUFACTURERS

TRADERS

I n t i l l . I Llnl.

1923

1924

1925

1926

1927

1928

1923

1924

1925

1926

1927

1928

1928

1923

1924

1925

1926

1927

1928

-LUMBER, AND LUMBER,
PRODUCTS

IRON, STEEL AND MACHINERY

•S\. ,-v x>'

MANUFACTURERS
ilnlnii
1924

1923

1925

1926

1927

in magazines, although smaller than in May, was
larger than a year ago. Sales of mail-order houses
were considerably larger than either prior period.
Department-store trade also recorded advances over
both periods.
BANKING AND FINANCE

The volume of check payments both in and outside
of New York was greater than a year ago. Loans and
discounts of Federal reserve member banks were
larger than in either May or a year ago. Bills discounted by member banks with the Federal reserve
banks showed gains over both periods. The reserve
ratio was lower than in either the previous month or
the same month of last year.

731°—28
2


of silver showed gains over both the previous month:
and the same month of last year, with imports making
similar comparisons. The price of silver, averaging
lower than in May, was substantially higher than a
year ago. Stocks of silver, both in the United States
and Canada, were larger than at the end of either the
previous month or June, 1927.
Exchange on the principal foreign countries showed
little change from the preceding month, but as conpared with a year ago, most currencies were higher,
the principal exceptions being the Italian lira, the
Japanese yen arid the Canadian dollar. Imports of
merchandise into the United States were smaller than
in either the previous month or June a year ago.
Merchandise exports, while declining from May, were
larger than in June, 1927.

18
PROSPECTIVE CAR LOADINGS, THIRD QUARTER OF 1928

Commodity car loadings by railroads in carload
lots for the third quarter of 1928 are estimated by the
Regional Advisory Boards set up by the American
Railway Association at 6.4 per cent above the corresponding loadings in the second quarter of 1927.
These estimates are compiled from detailed reports of
commodities representing shippers of the various commodities, as first described in the August, 1927, issue
of the SURVEY OF CURRENT BUSINESS, page 20, and
are comparable to similar data published quarterly
since that date. The boundaries of the various
economic districts set up by these boards are shown
in the accompanying chart.
Outside of the estimated declines of 42 per cent in
cottonseed and its products and 28 per cent in cotton,
the estimated declines from the third quarter of 1927
are small. The largest numerical increase over the
third quarter of 1927 is in coal and coke, the largest
relative increase being estimated for automobiles,
trucks, and carts, with a gain of 16 per cent. Coal
and coke, petroleum, and flour also are estimated to
.have increased 10 per cent or more.
In only 2 out of the 13 districts are decreases estimated from the corresponding quarter of last year.
The Ohio Valley district is estimated to load 5 per cent
less cars than a year ago, almost all of the commodities
for that district showing a decline, with automobiles
and lumber the only exceptions. The Central Western
district also shows a decline in estimates of 3 per cent,
due largely to estimated decreased loadings of grain.
The greatest relative increase in loadings is estimated
for the mid-west district with almost 25 per cent, due

largely to greater coal and coke loadings, which last
year were restricted by labor troubles. The gain in
the Allegheny district is also due largely to the expected
increase in coal traffic. The next largest increase, that
for the trans-Missouri-Kansas district, is due principally to grain and flour, while in the Pacific Northwest an increase of 6 per cent is due in part to a gain
in lumber loadings. The southwest district, with an
increase of almost 6 per cent, shows gains in almost
every line, with cotton, cotton products, and ore
making the only decreases. Other districts showed
increases of from 2 to 5 per cent, except the Southeast,
where the increase was a fraction of 1 per cent.
REGIONAL ADVISORY BOARD DISTRICTS

PROSPECTIVE CAR LOADINGS, THIRD QUARTER OF 1928
COMPARED WITH ACTUAL LOADINGS SAME QUARTER OF 1927
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of cars

COMMODITY GROUPS

Actual
1927

Estimated
1928

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

Number of ears
Actual
1927

District No. 12
NEW ENGLAND

ALL DISTRICTS

1

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

Estimated
1928

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

481, 029
Grain, all
233, 466
Flour, meal, and other mill products 76, 441
Hay, straw, and alfalfa
87, 663
Cotton
47, 298
Cottonseed and products, except oil
14, 829
Citrus fruits
160, 697
Other fresh fruits
_ _
54, 530
Potatoes
81, 189
Other fresh vegetables
373, 129
Livestock
28, 150
Poultry and dairy products _ _
2, 473, 313
Coal and coke
817, 261
Ore and concentrates
1, 207, 099
Clay, gravel, sand, and stone l
14, 868
Salt
977, 370
Lumber and forest products
593, 889
Petroleum and petroleum products
56, 055
Sugar sirup, glucose, and molasses
433, 823
Iron and steel
65, 778
Castings machinery and boilers
272, 358
Cement
_
194. 898
Brick and clay products
67, 512
Lime and plaster _
Agricultural implements and vehicles (other
38, 978
than automobiles)
210, 741
Automobiles, trucks, and parts _
75, 247
Fertilizers all kinds
73, 915
Paper printed matter, and books
60, 236
Chemicals and2 explosives
41,975
Canned goods
-

499, 603
261, 497
75, 612
62, 997
27, 612
13, 589
172, 496
58, 163
85, 595
356, 182
29, 256
2, 820, 897
839, 352
1, 274, 183
14, 077
1, 000, 496
653, 174
56, 014
454, 760
67, 875
284, 234
189, 037
69, 131

4-3.9
+12.0
-1.1
—28.1
-41.6
-8.4
+7.3
+6.7
+5.4
-4.5
+3.9
+14.1
+2.7
+5.6
-5.3
+2.4
+10.0
-0. 1
+4.8
+3.2
+4.4
-3.0
+2.4

454
5,465
701
1,477
13
64
2,597
3,284
1,666
1,597
125
24, 296
323
21, 284
54
37, 933
24, 840
2,495
3,971
5, 524
4,285
4,580
4,499

363
4,372
561
1,354
13
64
2,650
3,284
1,750
1, 597
125
23, 096
323
22, 348
54
39, 830
28, 069
2,450
4, 170
5,500
4,521
3,893
4,588

42, 355
244, 510
73, 243
78, 780
63, 063
42, 985

+8.7
+16.0
-2.7
+6.6
+4.7
+2.4

539
2,072
1, 684
11, 635
2, 505
1,483

539
2,113
1, 684
11, 926
2,693
1, 038

-ao. o

9, 313, 737

9, 910, 768

+6.4

171,445

174, 968

+2.1

Total, all commodities listed

i Including crude and powdered gypsum.




2

Number of cars
Actual
1927

Estimated
1928

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

District No. 8
ATLANTIC STATES

—20.0
—20.0
-20.0
—8.3

15, 227
23, 165
5,268

15, 227
23,160
5,270

+2.0

17, 878
12, 942
37, 244

20, 559
14, 495
37, 968

369, 959
26, 367
154, 921

369, 959
26, 367
162, 667

36, 107
83, 036
13, 079
86, 251
11, 272
77, 046
23, 939
19, 180

7,061
12, 608
21, 650
15,617
11, 186

+5.0
-4.9
+5.0
+5.0
+13.0
-1.8
+5.0
+5.5
-15.0
+2.0
+2.0
+2.5
+7.5

Number of cars
Actual
1927

Estimated
1928

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

District No. 9
ALLEGHENY
2,235
713
805

1,788
713
805

-20.0

5,115
78
57
2,387

5,626
78
57
2,149

+10.0

704, 896

862, 088

+22.3

+5.0

115, 092

127, 867

+11.1

32, 496
93, 000
12, 948
86, 251
11, 272
79, 357
25, 136
20, 139

-10.0
+12.0
-1.0

14, 305
20, 640

13, 762
22, 415

-3.8
+8.6

177,011
5,872
19, 377
40, 076
2,064

194, 004
5,544
21,217
41,719
2,212

+9.6
-5.6
+9.5
+4.1
+7.2

8,332
13, 377
24, 897
15, 617
11,745

4,000
704
2,473
4,160
10, 013
1, 010

3,800
704
2,542
4,543
11,465
1,057

-5.0

+18.0
+6.1
+15.0

+2.8
+9.2
+14.5
+4.7

+2.7 1,133,083 1,326,155

+ 17.0

1, 081, 003 1,110,239

-1-15.0
+12.0
+2.0

+3.0
+5.0
+5.0

+5.0

Also includes catsups, jams, jellies, olives, pickles, preserves, etc.

-10.0

19
PROSPECTIVE CARLOADINGS THIRD QUARTER OF 1928—Continued
COMPARED WITH ACTUAL LOADINGS, SAME QUARTER, OF 1927
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of
Number of
Number of
Number of
Per
Per
Per
Per
Per
cars
cars
cars
cars
cent
cent
cent
cent
cent
inc.
inc.
inc.
Inc.
inc.
(+)
(+)
(+)
(+)
(+)
EstiEstiEstiEstiActual Esti- or dec. Actual mated or dec. Actaai mated or dec. Actual mated or dec. Actual mated or dec.
1927
1927
1927
1927
1M7 mated (-)
(-)
(-)
(-)
(-)
1928
1928
1928
1928
1938
Number of
cars

COMMODITY GROUPS

District No. 2
GREAT LAKES

1

2
3
4
5

Grain, all-..
Flour, meal, and other mill products.
Hay, straw, and alfalfa
Cotton
Cottonseed and products, except oil.

23,898
34, 370
9, 658

24,500
37,000
12,000

+2.5
+7.7
+24.2

2,033
608
2,150
9,259

2,950
600
2,800
8,350

+45.1
-1.3
+30.2
-9.8

District No. 4
OHIO VALLEY

District No. 6
SOUTHEAST
5,720
17, 435
2,429
31,000
13, 872

+5.0
+10.0
-35.1
-50.0

385
39, 065
4,912
4,103
12, 251

325
44, 130
4, 883
4,267
12, 863

-15.5
+13.0
-0.6
+4.0
+5.0

6
7
8
9
10

Citrus fruit
Other fresh fruits
Potatoes
Other fresh vegetables
Livestock

11
12
13
14
15

Poultry and dairy products
Coal and coke
Ore and concentrates
Clav, gravel, sand, and stone 2
Salt

16
17
18
19
20

Lumber and forest products
Petroleum and petroleum products. .
Sugar, sirup, glucose, and molasses
Iron and steel
Castings, machinery, and boilers

13,816
22,047
1, 352
47, 412
13, 796

345, 925 362, 183
13,800
23, 000 ~"+4.~3 58, 822 65,881
9, 173 9,265
1,000 -26.0
49,000
+3.3 27, 777 30, 555
3,271
3, 271
+8.7
15,000

21
22
23
24

Cement
Brick and clay products
Lime and plaster
Agri cultural i mplements and vehicles
other than automobiles

19,477
13, 241
14, 347

20, 000
13, 700
15, 000

+2.7
+3.5
+4.6

23, 311
28, 316
6, 630

25, 642
22, 653
6, 630

8,155

8, 200

+0.6

1,883

+11.8
+0.4
+4.3
+5.9
+5.8

1,282
31, 797
1,050
7, 464
1,799

1,602
31, 797
1, 103
7,389
1, 799

-23. 8
+10.0
-24.1

91, 968
33, 920
2,923

91, 048
44,000
3,300

-1.0
+29.7
+12.9

3,232
1,868
5,597
-6.0 105,068

3, 000
1,800
5,400
92, 459

-7.2
-3.6
-3.5
-12.0

378
4,373
802
40, 515

378
4,000
802
42, 540

+5.0

-18.0

2,868

-20. 0|

1,883

131, 966 147, 500
4,829
4,850
9,049
9,440
12, 275 13,000
2,647
2,800

66,580
36, 522
11,000

33, 855

3,585

25
26
.27
28
29

Automobiles, trucks, and parts
Fertilizers all kinds
Paper, printed matter, and books
Chemicals and3
explosives
Canned goods .

27,510 27, 500
202, 301 202, 000
144, 231 146,000

Total ,all commodities listed.. 770, 427 799, 990

153, 816 149, 245
-0.1 32, 265 34, 129
+1.2 159, 412 163, 510

+3.8 1,054,767 1,055,461

District No. 5
TRANS-MISSOURIKANSAS

1
2
3
4
5

69. 107 109, 325
Grain, all
Flour, meal, and other mill products 41,267 57,000
Hay, straw, and alfalfa
15., 517 15, 517
Cotton
Cottonseed and products, except oil-

3,282

+1.0

21, 340

20, 487

-3.8

+10.0
—20 0

23, 140
14, 823

21, 983
14, 379

-5.0
—3.0

+*25. 0
+5.0
-1.0

16, 918
15,810
13, 348

19, 445
13, 050
12, 360

+0.1 1,183,338 1,124,173

District No. 7
SOUTHWEST

+14.9
-17.5
-7.4

District No. IB
CENTRAL- WESTERN

58, 014
18, 367
5,552
30, 533
13, 327

+50. 0
+10. 0
+ 10.0
-20. 0
-30.0

74, 245
10, 688
2, 743

63, 551
10, 900
2,460

-14.4
+2.0
-10.3

14,260
14, 616

15,200
15,400

+6.6
+5.4

57, 898

57, 558

-0.6

3,483
76, 660
13,260
23, 346
750

3,495
73, 790
12, 650
23,350
750

7,255
-7.0 96, 721 96, 721
+5.0 190, 827 208, 093 ~~+8.~6~ 37, 384
4,436
6,066
6,066
+6.1
4, 867
2,566
5,110
+5.0
6,158
1,722
+5.0
+3.7
1,640

7, 555
38, 245
4,510
2, 550
6, 590

1,275

4, 323
7,000
1,601
63,000

+31.6
+16. 8
+84.9
-6.6

8,806
1,114
1,838
30, 799

7, 926
1,225
2,021
30, 799

-10.0
+10.0
+10.0

11
12
13
14
15

Poultry and dairy products
Coal and coke
Ore and concentrates
Clay, gravel, sand, and stone 2
Salt

6, 620
41, 243
6,988
68, 274
7,433

6,710
41,015
8,420
61, 447
6,000

+1.4
-0.6
+20.5
-10.0
-19.3

1, 162
15, 228
1, 231
69, 731
6,317

1,278
15, 228
1,108
76,704
6,948

+10.0

16
17
18
19
20

Lumber and forest products
40, 960
Petroleum and petroleum products.. 70, 030
Sugar, sirup, glucose, and molasses
4,572
Iron and steel
Castings, machinery, and boilers
1,531

38,100
73, 532

21
22
23
24

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

23, 809
11,810
5,422

26, 117
9,705
4,300

1,697

25
26
27
28
29

Automobiles, trucks, and parts
Fertilizers, all kinds
Paper, printed matter, and books.
Chemicals and3explosives
Canned goods

14, 175

~-io.~6"
+10.0
+10.0

+9.7
-17.8
-20.7

9,847
9,427
5,340

9, 847
10, 369
5,607

+10.0
+5.0

1,800

+6.1

847

1,058

+27. 7

580
722
322
1, 566
712

+6.5
+10.0
+2.1

40, 608
40, 229
9,037

44, 670
39, 000
9,670

32, 133
4, 566
7,004
7,555
10, 755

-8.5

+5.0
+6.5
-15.0
+10.6

+4.9

20, 976
3,442
851
2,954
1,323

20, 625
3, 614
925
3,000
1,323

-1.7
+5.0
+8.7
+1.6

+10.0
-3.1
+7.0

7, 635
3,871
685

7,550
3,871
675

-1.1

19, 000

+15.1

5,347

6,075

+13.6

40. 000
4,400
7, 144
8,000
11,300

+24. 5
-3.6
+2.0
+5. 9
+5.1

326
550
2,228
329
845

342
550
2,228
329
875

+4.9

+24. 5 655, 903 688, (549

+5.0

District No. 11
PACIFIC COAST

+0.2

7,484
6,497
9, 843
241
502

7,500
6,500
10,000
110
400

+1.6
-54. 4
-20.3

14, 380
53, 418
3,111
24, 361
14, 026

13,200
48,000
3,300
26, 200
14,500

+0.3
-3.8
-4.6

726
6, 913
29,928
65, 032

+4.1
+2.3
+1.7

1 5

+3.6

District No. 14
PACIFIC NORTHWEST
22,132
5,528
3,850

-5.3
-5.9
+5.7

-8.2
-10.1
+6.1
+7.5
+3.4

10, 630
1, 630
2,505
5,262

17, 754
2,098
2,729
5, 367

+67. 0
+28.7
+8.9
+2.0

740
6,834
30,000
66,450

+1.9
-1. 1
+0.2
+2.2

1,009
12, 084
4,209
8,047

1,612
11,410
6,355
7,300

+59.8
56
+51.0
-9.3

82, 448
42, 203
10,768
3,668

80, 798
55,000
10, 850
3,431

+30.3

-2.0 195, 243 203, 544

16, 789
3,018

16,000
3,042

3,390

+7.0

23,359
5,876
3,643

1, 665
2,623
7, 360

9,354

9,925

+4.3
+6.1

831
520

750
465

-9.7
-10.6

-4.7
+0.8

5,750
1,568
308

6,055
1,570
310

+5.3

4,357

+28.5

1,782
2,643
7, 360

+7.0
+0.8

134
208
1,804
289
3, 153

855
235
3,003
283
3,228

+538. 0
+13. 0
+66.5
-2.1
+2.4

+2.1 297, 416 316, 358

+6.4

+0.8
-6.5

+25.0

18,100

87, 800
34, 400
8,000
50, 600
15, 600

-5.0 |l, 107,501 1,379,175

38, 676
16, 698
5,048
38, 106
19, 038

+58. 2
+23.2

82, 431
31, 264
7,835
50, 603
14, 871

16, 510

3,250

3,285
5,994
866
67, 467

Total, all commodities listed ._ 513, 067 559, 452

1, 160 +100.0
758
+5.0
354 + 10. 0
1, 644
+5 0
783 + 10. 0

+9. 0 583, 336 616, 322

1,284

1,025

1,000

+5.7 |352, 057 340, 829

Actual loadings 1927 affected by cessation of operations due termination Jacksonville agreement.
Including crude and powdered gypsum.
3 All canned-food products, including catsups, jams, jellies, olives, pickles, preserves, etc.




12, 000 12, 120
+1.0
3,025
3, 176
-4.5 U20,000 360, 000 +200. 0 33, 432 33, 432
-5.0 370, 894 395, 000
129, 495 123, 000
-5.0 239, 560 287, 500 +20.0 22, 207 18, 876
104
210
210
115

+4.7
+12.0
+1.0
+10.0

Citrus fruits.
Other fresh fruits
Potatoes
_.Other fresh vegetables
Livestock.

1
3

25,000

-3.0 887, 276 847, 300
+5.8
+2.6 115,962 110, 164

6
7
8
9
10

4,852
1,588

26,600

District No. 3
NORTHWEST

87, 370
33, 202
14, 498

41, 286

5,720
16,605
2,209
47, 779
27, 745

District No. 1
MID- WEST

-2.4

-3.2 410, 394 418, 997

20

REVISED INDEX OF COMMODITY STOCKS
Continuing the program to bring the general index
numbers to a common postwar base, the index of
commodity stocks of the Department of Commerce
has been revised and is herewith presented by major
groups and subgroups. The changes comprise, in
addition to a change in the base period, revised weightings as well as certain changes occasioned by revisions in original data. Furthermore, the revised index is more complete in that it includes 65 commodities
as against 45 in the old index. Of the 65 items comprised within the index, 46 cover manufactured goods
arid 19, raw materials.
The index of commodity stocks has been weighted
by the relative value of the supply of each commodity
in the years 1923 and 1925, ascertained by adding to
the value of the amount marketed or manufactured,
the value of the amount imported, where imports are
of any consequence, as in the case of sugar, coffee, and
certain other items. For manufactured products the
values given are those shown in the census reports on
manufactures for the years 1923 and 1925, while for
raw materials the weights used are those derived from
the index of production and marketings. The following table shows the weights assigned to each of the
subgroups comprised within the index, in accordance
with the description above.
Grand total

540

MANUFACTURED GOODS:
Total

227

Foodstuffs
36
Textiles
11
Iron and steel
22
Nonferrous metals _ _
7
Lumber
60
Stone, clay, and glass. 16
Leather
17
Rubber
17
Paper and printing. _ 18
Chemicals and oils _ _ 23

RAW MATERIALS:
Total

313

Foodstuffs
127
Textiles
99
Metals
15
Chemicals and oils _ _ 72

The weights in the above table relate to those which
were used since January, 1928. The total weights
vary from a low of 372 for 1919 to a high of 548 from
1923 through 1927 through lack of monthly data
covering all of the individual series for the entire
period. It is believed, however, that the comparability of the index from month to month over the
entire period is not seriously impaired by this condition.
All figures included within the index represent stocks
held at the end of the month except as otherwise noted,
the yearly figures being averages of the monthly
stocks. Descriptions of the individual items included within the index follow:
MANUFACTURED GOODS

FOODSTUFFS:
Meats, represent total stocks of beef products, pork products, and lamb and mutton held in cold storage, as reported by the U. S. Department of Agriculture, Bureau of
Agricultural Economics.
Wheat flour, represents stocks in all positions, calculated
by Russell's Commercial News from reports bearing a known
relation to total stocks.
Butter, cheese, and milk (condensed and evaporated), represent cold-storage holdings of these commodities, as
reported by the U. S. Department of Agriculture, Bureau of
Agricultural Economics.



TEXTILES:
^ Cotton goods (finished), as reported by the National Association of Finishers of Cotton Fabrics.
Rayon, as reported by the U. S. Department of Commerce.
Bureau of Foreign and Domestic Commerce, covering imported rayon in bonded customs warehouses only.
Buttons, as reported by the National Association of Button
Manufacturers covering stocks of fresh-water pearl buttons
only.
IRON AND STEEL:
Pig iron (merchant), as previously reported by the American Pig Iron Association, but discontinued at the end of
1927.
Steel sheets, as reported by independent manufacturers
through the National Association of Sheet and Tin Plate
Manufacturers.
Gray-iron castings, covering stocks in gray-iron foundries in
Ohio, as compiled by the Ohio State Foundry-men's Association.
Enameled sanitary ware, representing a total of baths,
lavatories, sinks, and miscellaneous enameled ware held by
manufacturers as compiled by the Enameled Sanitary Ware
Manufacturers' Association and the U. S. Department of
Commerce, Bureau of the Census.
LUMBER:
Lumber, represents a total of southern pine, walnut, western pine, and California white pine, as compiled, respectively,
by the Southern Pine Association, the American Walnut
Manufacturers' Association, the Western Pine Manufacturers' Association, and the California White and Sugar
Pine Association.
Flooring, represents a total of oak and maple flooring as
compiled respectively by the Oak Flooring Manufacturers'
Association and the Maple Flooring Manufacturers' Association.
Naval stores, represents a total of turpentine and rosin as
reported by the Naval Stores Review, covering stocks at
Jacksonville, Savannah, and Pensacola.
LEATHER:
Hides and skins, compiled by the U. S. Department of
Commerce, Bureau of the Census, and represent a total of
cattle, hides and calfskins, and sheep and lamb skins.
Leather, represents a total of finished sole and upper
leather, as compiled by the U. S. Department of Commerce,
Bureau of the Census.
RUBBER:
Automobile tires and tubes, and rubber heels, represent
stocks of pneumatic and solid tires and inner tubes, as compiled by the Rubber Association of America.
PAPER AND PRINTING:
Paper, represents newsprint paper, as compiled by the
Newsprint Service Bureau and covers stocks of newsprint at
domestic mills only.
Wood pulp (mechanical and chemical), as reported by the
Federal Trade Commission prior to May, 1923, and since
then as compiled by the American Paper and Pulp Association and prorated to represent complete stocks at the mills.
CHEMICALS AND OILS:
Explosives and petroleum refinery products, as compiled by
the U. S. Department of Commerce, Bureau of Mines,
representing black powder, permissible explosives and other
high explosives, gasoline, kerosene, gas and fuel oils, and
lubricating oils.
Cottonseed oil (crude), as reported by the U. S. Department
of Commerce, Bureau of the Census, covering stocks at crude
mills, at refineries and in transit to refiners and consumers.
Ethyl alcohol, as made available by the U. S. Treasury
Department, Bureau of Internal Revenue, covering 160°
proof alcohol.
STONE, CLAY, AND GLASS:
Cement, as compiled by the U. S. Department of Commerce,
Bureau of Mines, covering mill stocks.
Brick, represents a total of face, common and paving
bricks as compiled, respectively, by the American Face Brick
Association, the Common Brick Manufacturers' Association
of America, and the Paving Brick Manufacturers' Association.
Illuminating glassware, as compiled by the Illuminating
Glassware Guild, covering shades, reflectors, bowls, and
globes.
(Continued on p. 21)

21
REVISED INDEX OF COMMODITY STOCKS—Continued
(Monthly average, 1933-1935 = 100)
MANUFACTURED GOODS

YEAR AND MONTH

Grand
total

Total

1
'ji

fi
3
•§
O

&

1

1

•d
a

S3

S
h

£f
c5
0

|

fc

1919 monthly av
1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av

93.5
86.3
102. 1
94.6
94.5

90.2
84.4
97.3
87.0
93.8

127.4
118.2
97.2
84.4
99.5

1924
1925
1926
1927

102.0
103.5
114.6
120.5

103.2
103.0
106.3
111.5

104.4
96. 1
89.6
97.2

116.2
111.2
103.6
95.2

91.0
97.4
104 2
107.9

144.7
138.6
130 1
124.8

98.9
99.9
99.4
91.7

123 7
139.4
143. 5
136.3

83.7
99.8
102.3
98.4

79.8
72.6
68.6
71.3

95.3
94.3
88.4
83.8

£

§
cfl

rt
"w .
*w
1
£
S
j

Is
•=e

§

*•£
c

1

OQ

45.5
63.3
83 5
96.0

83.0
77.0
75. 3
76.2

RAW MATERIALS
>3

84.8
99.6
109.3

70.0
58 8
83.8
76.1
85.2

151.1
93.6
94.4

99.7
88.7
92.0

83.6
76.3
79.7

135. 4
121. 1
116.5

96.1
94.6
114.5
104.2

104.4
109. 9
114.2
120.3

115.1
90.5
101.4
117.4

102.7
105.3
113.0
116.5

104.1
116.3
127.4
139.9

95.1
88.5
85.0
69.9

>fi
B
£

•O

«
£
3

Total

OB

«
88

X
«

5

£«4

3
35
03
M

!

*

&

m

•rt
•w

£>

S

ll
E
02
W

59 0
59.5
77.3
76. 7
90.3

94.5
86.9
105. 5
100.2
95.0

96.4
78.0
99.0
100.4
92.7

112.3
102.8
63.7
95.1

104.3
105.6
99.6
109.1

101.0
103.9
120.9
127.2

102.7
104.6
127.1
128.1

81.2
87 4
122. 1
139! 2

58.7
65 3
69.7
69.7

123.6
115 2
103.4
91.4

132 8
122 9
106.6
89.6

81 9
70 7
58.6
50 9

101 6
92.3
83.0
73.7

103. 6
99.9
108. 0
97.9

60.7
55.4
49. 1
44.2

78.3
70.3
68.2
71.6

71. 1
62.4
66.6
83.4

57 7
67.8
79.5
86.9

126.9
111.2
100.8
108.8

63.6
54.3
44.8
38.9

70.1
61.6
58.7
58.8

47.8
57.2
62.9
67.5

84.8
107.9
112.3
106.5

98.1
113.3
111.6
98.6

101.2
161.2
140.2
118. 3

85.9
97.4
96.6
92.9

132.1
167.5
138.2
131.8

50 7
56.4
5 1. 0
68.2

64.8
106. 9
105. 4
82.9

71.0
69.9
66.5
64.0

98.5
93.3
85.6
80.7

85.9
82.5
76.1
74.4

149.0
141.4
130.9
121.8

110.0
98.3
77.9
66.7

49.5
45.3
41.5
37.6

77.4
74.7
74.3
73.2

87.6
88.0
82.6
80.6

122.2
126.8
126.9
122 3

60.7
62 5
57. 2
54 1

87.3
91. 8
84.2
94.5

58.2
51.4
45.9
42.1

74.0
70.2
71.5
70.6

64.1
60.8
69.3
69.1

110.3
102.1
94.7
87.4

91.4
86.2
83.7
104.7

38.5
40.4
41.3
44.7

79.3
91.7
98.9
104.2

74.8
71.6
73.7
81.4

107.7
94.4
88.4
90.1

51.5
55 2
66. 1
69.1

94.1
86.4
77.5
94.7

45.4
57.0
69.2
77.6

80.8
98.5
107.5
111.9

78.5
92.4
91.4
91.3

100.5
129.5
153.7
166.6

118.2
122.8
125.6
116.2

51.6
62.6
69.3
72.4

106.5
109. 0
108.4
104. 0

102.7
106. 1
106.9
101.4

98.8
104.4
100.3
96.6

77.3
73.2
67.4
69.1

83.4
85.2
102.7
89.8

159.3
160. 7
163. 7
161. 0

105.0
104.2
102.5
99.5

94.1
97.6
95.6
97.7

147.2
145.6
146.8
140.1

82.4
80.2
73.0
73.9

124.0
149.9
159.8
134.3

81.6
88.2
90.1
86.1

109.2
111. 1
109.5
105.8

92.0
98.8
104. 2
100. 7

162.9
159.5
150.3
146. 9

104.9
106. 3
100.4
87.4

66.5
66.9
64.1
61.5

99.7
98.3
93.8
93.6

100.3
99.4
98.6
96.7

99.2
109.9
113.1
106.9

72.6
81.4
82.2
89.2

89.5
91.1
86.7
82.2

162.3
165.7
164.7
154.0

99.7
99.9
103.7
103.8

92.1
84.2
83.2
72.8

142.7
139.2
131.8
131.0

72.0
62.6
55.4
59.3

119.3
101.9
97.6
103. 8

83.3
77.1
72.3
66.0

89.7
94.0
86.6
95.7

141.0
128.7
116. 0
107.8

89.2
94.3
100.3
100.7

60.4
61.4
60.2
59.8

September
October
November
December __

98.1
102.6
104.3
107.1

92.1
87.5
87.4
88.8

92.0
86.7
81.1
77.5

95.6
96.4
106. 7
106.7

78.9
72.8
72.8
70.2

144.4
130.7
123. 7
122.9

98.3
95.6
90.5
94.0

60.4
53.4
76.8
95.4

126. 4
126.2
124.1
123.5

55.2
63. 1
69.3
64.1

115.7
88.0
88.5
91.6

66.6
68.3
71.8
76.3

102.3
113.2
116.2
120.0

100.2
106.8
104.0
115.6

128. 9
147.7
160.5
162.0

106.1
112.7
103. 0
101.1

68.9
77.4
78.8
73.2

1922
January .
February
March
April
_

104 3
105. 5
104. 1
96.5

92 6
92.9
92.0
89.2

77.1
77.8
73.9
72.5

102.8
98.7
95.2
98.9

87.4
86.2
91.1
83.6

120.0
119.4
113.4
105. 1

95.5
95.3
90.8
87.2

101.1
98.5
97.4
100.0

125. 2
124.2
123.9
124.9

71.4
79.6
91.6
95.5

101.6
106. 4
107.8
95.1

81.8
80.5
78.3
77.0

113.0
114.9
113.2
101.9

111.0
127.2
132. 9
116.2

150.9
138.5
125. 8
111.3

92.2
87.4
94.2
83.8

67.6
65.3
64.2
66.5

90.0
87.5
83. 8
79.2

86.5
86.7
85.8
83.6

78.8
96. 1
104.8
104.8

102.6
101.2
100.2
102.3

76.4
75.0
70.9
68.7

97.0
90. 1
88.3
76.3

80.9
81.0
82.4
84.3

89.4
79.5
67.8
52.0

121.7
120.2
118.4
116. 2

95. 5
84.6
79.3
74.3

94.8
89.4
80.9
76. 1

74.8
73.6
71.3
67.4

92.6
88.1
82.4
76.0

105. 1
102.3
95. 4
79.4

96.3
82.9
70.9
69.2

72.0
81.8
106.1
114.8

68.7
71.0
71. 1
72.8

87.8
96.8
99.3
100.2

81.0
83. 3
85.2
85.1

90.0
79.0
77.3
81.2

94.8
97.4
99.1
101.4

65.0
69. 4
72.0
68.0

77. 1
78. 1
80.6
77.9

86.6
93. 4
95. 4
92.1

48.4
49. 6
56. 8
74.8

117.4
119. 1
120. 8
121.4

74.0
77. 0
84.6
78.3

72. 0
75.5
75.2
73. 5

71.6
80. 2
80.5
82.5

92.9
106.8
110.0
111.5

83.4
81.6
82.9
87. 8

108.2
141. 9
147. 8
150.4

111.5
131. 1
129. 3
127.8

85.3
98.9
102.0
97.3

monthly
monthly
monthly
monthly

January
February
JVIarch
.April

av
av
av
av

1919

IMay
June
July
August
September
October
November
December
January
February
March
April

1930

May
June
July
August

September
October
November
December
January
February
March
April
May
June _
July
August

1931
__

_ _

May.- _
June
July
August
September
October
November.. __
December

Copper, as compiled by the American Bureau of Metal
Statistics, covering stocks of refined copper in North and
South America.
Zinc, as compiled by the American Zinc Institute, covering
stocks at refineries.
FOODSTUFFS:
Wheat, corn, oats, and barley, represent the visible supply
on the nearest Saturday to the end of the month, as compiled
bv "Bradstreet's."



96.2
106. 4
156.5
147. 3

!
1
|

(Continued from p. 20.)
NONFERROUS METALS!

RAW MATERIALS

67.5
82. 1
97. 5

91 5
89.2
114. 5
87.4
84.9

99.3 1
97.5
90.4
91.4

!
1
!:
,

124.0
142.7
116.2
99.2

89 6
100. 2
100. 5
102.7
106. 1

49.6
66.6
77.6
91.4

92.0
108.7
136.9
145.5

103.3
90.7
83.7
90.7

110.0
98.9
95.6
108.0

Sugar, represents the amount of raw cane sugar held by
refiners covering practically all refineries, and certain importers, as reported by the Statistical Sugar Trade Journal.
Rye, represents stocks held in elevators and warehouses at
11 interior centers and 8 seaports, as compiled by the Federal
Reserve Board.
Eggs, poultry, apples, and fish, compiled by the U. S.
Department of Agriculture, Bureau of Agricultural
Economics, representing holdings at the end of the month
except for fish, which are for the fifteenth of the month.
(Continued on p. 22.)

22
REVISED INDEX OF COMMODITY STOCKS—Continued
(Monthly average, 1923-1925 = 100)
MANUFACTURED GOODS

RAW MATERIALS

YEAR AND MONTH

111.0
115.5
118.9
118.5

1924
January
February
March
April._

103. 8
102. 7
101. 8
96.6

100.1
102.5
104. 7
105. 9

95.2
99. 0
100. 4
99. 1

115.7
108. 7
101. 8
101.2

May
June
July....
August.

93.9
91.2
88.3
90.7

107. 9
109.7
10(5.4 |

101.9
116. 5
125. 6
121.4

97.5
95.6
91.8
90. 2

99.4
113. 8
119. 6
121.9

100.6 !
98.8 j
97.6 !

101.0:

111.2
96. 5
88. 9
9C. 8

116.7
113.9
107. 9
99.4

103.9 |
108. 0 I
108. 0
106. 8 j

105. 0
107. 1
99. 1
95.6

79. 1
78. 2
80.8
89. 7

93. 2
91.8

105. 5 I
105. 4 j
104. 4 !
102. 6

91. 1
100. 6
110.4
106. 5

93. 5
95. 9
97.4
100.2

101.4
106. 1
113. 6
124. 4

99. 1
95. 2
96. 2
103. 8

96. 1
83. 4
79. 6
79. 1

98.9
99. 5
108. 1
114.5

119. 6
118.4
114.9
110. 9

103. 0
105. 6
109. 4
110.2

September..
October
November..
December. .

1925

January.
February,,
March
April

May
June
July_...
August.
September..
October
November..
December..

I
I
I
i!
1

1926
January.
February.
March
May
June
July
August

111.2
111. 1
120. 7
119. 5

109. 1
110. 0
10S. 3
100. 5

79.9
96.4
114. 1
116.3

116.8
119. 2
119.0
115.4

108.4
123. 5
130. 1
136. 0

103.9
100.8
102.8
106. 0

:l 103.9
i
90.8
i 79.3
;
75. 1

111.9
108.2
109.9
112.0

131.9
130. 7
123.4
j 115.3

108. 2
110.8
111. 3
111. 3

September..
October
November..
December..
January
February
March
April

103. 2 !

1927

107.8
106. 1
104. 1
108.2

May
June
July
August

|
|
;
I

September
October
November
December

; 119. 0
' 131. 7
134. 2
133.4

111.8 J 130.0
107.5
93.8
140. 5 ] i 139. 5 I 162. 0
104. 3
161. 1 I 158.8
194.3 I 109. 1

99.8
91.4
93 5
96.5

111.1 1j'
113.6 j
115.7 j :
114.1 |

92.2
112.7
128. 4
128.8

100. 5
105. 4
111.0
94.6

j

112.8
108. 6
109.6
111.4

i
!
I
I

115. 6
96.0
81.4
79. 1

(Continued from p. 21)

Coffee, represents visible supply of coffee for the United
States as reported by the New York Coffee and Sugar
Exchange.
TEXTILES:
Cotton, represents total ginned cotton, as compiled by the
U. S. Department of Commerce, Bureau of the Census.
Silk, represents stocks at warehouses and manufacturing
plants, as compiled by the Silk Association of America.
METALS:
Iron ore, represents total stocks, as compiled by the Lake
Superior Iron Ore Association.


Zinc ore, represents stocks in the Joplin district, as compiled
by the Joplin Globe.
Tin, represents visible supply in warehouses, as reported
by the New York Metal Exchange.
CHEMICALS AND OILS:
Cottonseed, represents stocks at mills, as reported by the
U. S. Department of Commerce, Bureau of the Census.
Flaxseed, represents stocks at Minneapolis and Duluth, as
reported by the Northwestern Miller.
Crude petroleum, represents total stocks, as compiled by
the U. S. Department of Commerce, Bureau of Mines.

23

Table 1.—INDEX OF INDUSTRIAL PRODUCTION
[Adjusted for seasonal variations, except where otherwise noted]
TOTAL
INDUSTRIAL

Un- Ad-l
adj ust- justed ed

i :*

coa!

Total

Bituminous
coal
Anthracite

Tofeaeco manufactures

. 1

Rubber tires

©

ft'fe

: ©
„

MINERALS
Cement, brick,
and glaas
Nonferrosis
metals
Petroleum
refining

•d
s

Automobiles

YEAR AND MONTH

Textiles

TJn- Adadiust- just- TJn- Ad'ed ed 1ad- justusted ed

-d

Lumber

Tots!

Food products

MANUFACTURES

a

*« S

I!"" ^ a

£4
ft

w

•d

S3

5 I

J

S3

66
77
88
102
111
116
112

84
87
103
100
98
96
93

cc

Relative to 1923-1925 average
1919 monthly average
1920 monthly average
1921 monthly average.
1922 monthly average .
1923 monthly average.. ...
..
192* monthly average
1925 monthlv average
1926 monthly average
1927 monthly average

j

Jl
87

84
86
66
87
101
94
105
108
106

67
85
101
95
104
108
106

82
99
46
83
106
88
106
113
104

92
84
88
99
105
90
104
104
114

76
93
84 86
84 66
94 85
100 95
102 99
98 106
98 114
97 112

79 53
79
55
68 41
89 66
99 103
96 91
105 107
100 109
94 86

67
78
39
69
94
99
107
112
109

54
63
64
74
86
98
115
125
136

55
78
85
i 99
116
: 116
1 121

116
113
113
120

99
101
99
105

94 115
99 113
100 114
103 115

102 114 93 111 114
97 110 98 122 107
99 109 102 119 109
94 134 103 119 110

125
126
126
128

100 127 105
97 106 107
95 89 99
98 63 100

119
114
106
94

101
107
119
109

116
112
108
112

104
95
91
103
110
93
97
98
103

53
68
62
78
95
95
110
112
109

S3
86
85 ...
..
88
96
99
105 |
112
117 !

89
70
74
105
96
99
107
107

88
108
79
80
109
92
99
110
98

109 52
110 61
112 64
69 76
115 100
109 97
103
104 105
100 122

88
114 80 87
40 30 39
80 63
68
114 93 96
79 100 97
102 107 107
112 110 116
93 105 111

108
117
118
128

Ill
113
109
113

103
109
113
115

103
104
105
109

100
101
101
103

120
124
118
121

98
99
103
106

95
103
109
128

108
106
112
108

112 116
110 111
107 113
119 110

92
98
90
93

112 128
113 129
121 133
119 135

138
126
106
112

113
116
116
110

120 111
124 116
124 118
112 120

108 127
114 125
125 113
124 111

106
112
117
121

116
134
97

114 124 122
113 122 119
116 121 118
112 119 125

93
93
93
109

135
134
135
134

118
117
123
131

114
113 |
116
122

113
113
112
101

116
118
118
104

119 101
125 95
131 88
87 108

120
123
123
119

i

:::::
—

1926
May
June
July
August

-- 107 106
--- 106 107
J04
109

107
111

108 107
106 107
102 107
108 112

September
October
November
December

113
114
110
101

112
111
108
105

112
112
108
99

113
111
106
103

117 110
114 110
105 110
102 109

103
102
99
96

116
118
115
113

1927
January
_
February
March. .
April

106
110
113
109

107
109
111
108

104
110
113
112

105
107
110
109

106
114
115
116

108
108
114
112

95
93
99
98

113
113
113
114

96 97
95 101
91 106
88 106

-. 112 111

112
107
101
104

111
108
106
107

116
105
103
102

116
121
118
119

103
102
96
97

112
112
114
112

95
93
95
95

103 100
95 105
84 113
89 112

108 111
109 108
111 106
115 108

132 127 122
134 131 116
136 124 109
136 119 119

109
108
103
111

108
104
100
106

94 117 120
91 102 120
87 75 124
92 107 123

120
101
99
99

81 113
70 108
47 97
53 96

113 107
108 106
107 106
105 111

139 113
142 116
140 117
137 110

123
121
122
112

111
112
105
103

105
105
101
103

92 100
90 107
85 106
87 92

124
124
124
124

87
95
49

92
94
99
87

88
88
79
109

121
119
121
119

93
89

114
74

119
118

May
June_ _ -_
July
August

107 108
102 106
105 107

September ___
October
November
December
_ _

99
102
98
98

106
105
101
95

105
103
99
99

106 105
104 102
101 98
95 99

98
94
88
93

118
113
112
105

93
94
94
95

113
111
110
112

99
94
96
93

105
111
111
110

106
110
109
109

106
113
114
113

107
111
110
110

110
115
114
125

106
107
106
101

102
110
105
97

116
117
118
118

97
97
96
97

92
103
114
110

99 111
102 115
101 109
96 108

101
109
107
110

135
139
141
147

124
139
135
131

118
118
119
119

111
104

109
111

111
104

110
109

117 107
112 105

96
93

121

91
92

108
119

97
101

113
112

111
115

150

134
148

120

114
111
100
106

113
113
114
110

113
112
115
120

97
95
90
90

107
105
101
101

108
114
109
114

113
112
116
112

90
93
94
94

104 111
102 110
106 107
105 109

111
105
110
109

90
91
100
95

102
104
102
103

104
107
112
114

105
109
109
100

93
83
94
89

110
110

113
117

100
99

88
94

1928

January
March
April
May

June
July
August

_ __

September
October
November
December

103
104

105
100

80
107

"

i
_

..

ll
1

99 103
98 103
97 105
94 103

i

1j

!
j
I..!
...
1

1

i

Compiled by the Federal Reserve Board, Division of Research and Statistics, from 60 individual series of data representing the production of about 35 industries and
estimated to represent, directly and indirectly, about 80 per cent of the total industrial production of the United States. The figures are reduced to average daily output
to make figures for each month comparable. In addition, the figures are also corrected for seasonal variation, except the unadjusted total, which is presented to show the
actual output on a daily average basis independent of seasonal conditions. Complete description of this index, which is being substituted for the indexes of manufactures
and minerals previously published, was presented in the Federal Reserve Bulletin for February, 1927, and March, 1927. Monthly data from 1919 appeared in the July, 1928,
issue of the SURVEY (No. 83), pp. 21 and 22.




24

Table 2.—INDEXES OF MARKETINGS OF AGRICULTURAL AND FOREST PRODUCTS'

"o

§
s
o

Distilled wood

Pulpwood

Lumber

Miscellaneous

£

Cotton

3
1

cc
-S

FOREST PRODUCTS

Fruits

Grains

Dairy products

1

Poultry and
eggs

3
1

Livestock

YEAR AND
MONTH

Total,
agricultural

Vegetables

CROPS

ANIMAL PRODUCTS

Relative to 1923-1925 average
1920 mo. av_
1921 mo. av.
1922 mo. av.

86
98
98

71
82
93

66
90
120

89
84
92

75
87
94

71
82
93

91
80
84

86
100
99

82
110
117

75
89
103

78
80
88

80
90
87

138
126
91

82
70
90

80
70
90

98
68
91

79
78
88

112
49
88

1923 mo. av_
1924 mo. av_
1925 mo. av.
1926 mo. av.
1927 mo. av.

93
104
103
108
112

100
104
96
96
97

91
126
83
106
138

103
104
93
90
89

103
101
96
102
102

96
103
101
101
103

92
96
112
124
136

92
104
104
109
113

98
114
88
89
103

97
101
102
102
113

100
101
99
113
103

82
99
119
125
118

96
98
106
116
132

99
97
104
98
93

100
96
104
98
93

93
106
101
92
93

104
100
96
99
93

115
88
97
101
102

1926
January
February, _
March
April

101
75
66
56

88
79
94
89

36
38
88
67

96
79
88
79

79
76
104
114

83
83
97
96

77
83
134
104

102
74
63
53

90
70
60
50

80
68
89
73

50
48
56
53

107
68
62
52

186
134
66
51

91
96
106
103

90
99
109 |
103

111
90
101
119

33
27
18
44

110
102
111
113

56
61
82
96

100
119
111
96

104
171
340
178

83
85
80
85

125
126
92
82

115
160
144
107

129
157
167
180

52
56
79
96

49
75
141
141

94
137
105
75

83
74
168
172

42
19
11
48

33
41
30
69

108
103
96
97

106 I
103
97
100

121
92
67
54

102
156
161
153

103
89
86
94

September .
October
November .
December..

154
219
186
143

95
95
94
92

64
52
64
75

99
109
102
92

77
76
125
142

95
81
72
76

138
134
112
76

159
231
194
148

112
114
91
77

142
184
99
74

207
245
127
67

193
346
320
238

159
220
217
186

98
97
92
85

99
98
91
84

75
82
99
90

132
124
109
124

93
105
105
105

1927
January
February _ _
March
April

114
97
89
65

88
79
94
95

46
48
65
72

96
78
88
79

83
80
113
143

80
81
96
102

102
109
161
116

117
98
89
62

89
76
62
45

88
83
112
114

62
61
61
72

139
108
110
72

194
174
105
36

82
87
94
95

83
88
95
90

72
83
100
119

42
33
32
74

114
98
108
99

May
June
July
August

67
65
69
114

115
123
109
105

135
348
421
225

93
89
76
89

143
110
81
77

135
160
142
123

142
153
154
187

62
60
65
115

57
76
116
169

115
130
99
86

93
91
114

57
31
12
74

29
28
25
106

99
96
89
99

97
96
91
102

117
88
64
63

113
133
124
119

91
92
90
116

September .
October
November.
December .

175
208
160
117

87
95
92
88

89
68
68
66

85
108
101
92

75
73
114
126

89
81
71
71

150
154
119
79

183
219
166
120

178
100
109
104

146
199
107
74

183
223
96

57

186
260
227
145

220
266
238
170

98
96
93
86

99
94
91
83

84
100
111
111

124
117
109
98

113
104
100
95

1928
January
February. _
March
April

98
82
79
82

96
94
97
95

61
48
49
61

107
101
92
83

80
89
118
130

89
87
97
101

81
106
160
137

98
81
77
81

99
108
112
66

100
102
106
91

45
43
44
47

81
55
60
58

194
105
40
25

81
87
97
96

80
89
98
9o

99
83
102
111

38
26
77

97
31
103
91

75
58

108
117

195
378

90
83

139
106

115
147

108
147

72
52

84
57

136
164

94
75

56
24

23
24

101
96

94

120
94

140
172

85
92

May
June
July
August

May
June
July
August

September .
October
November.
December

124

.

25

i
il

i

\ --

i Weighted averages, compiled by the V. S. Department of Commerce, Bureau of the Census, representing 90 per cent of crops, 95 per cent of marketed livestock and
their products, and 80 per cent of forest products. For details pertaining to the construction of these indexes as well as earlier data, see the July, 1928, issue of the Survey,
pp. 18, 19, and 20. The index of total agricultural marketings is a composite of animal and crop marketings shown separately in this table.




25

Table 3.—INDEXES OF COMMODITY STOCKS AND UNFILLED ORDERS
STOCKS, END OF MONTH 1
UNFILLED ORDERS,
END OF MONTH 2

Lumber

Brick and glass

Transportation
equipment

Iron and steel

96
78
99
100
93
103
105
127
128

124
143
116
99
92
109
137
146

90
100
101
103
106
103
91
84
91

50
67
78
91
110
99
96
108

210
101
108
122
87
91
85
74

74
109
125
124
82
94
84
85

220
104
111
124
85
91
81
71

484
211
118
140
86
74
88
71

62
33
83
109
93
98
91
72

115
43
78
115
95
90
76
73

87
88
86
84

185
178
155
141

96
90
90
88

102
99
92
95

113
119
115
126

113
95
80
72

60
73
82
84

77
76
73
73

79
79
84
82

83
77
80
79

72
74
78
76

91
81
86
83

85
88
95
96

81
83
83
77

69
56
52
46

83
81
81
77

137
143
148
147

95
102
106
110

112
141
161
159

130
140
159
152

108
1G2
194
203

94
104
109
96

89
120
130
123

82
79
80
77

82
77
79
70

79
78
80
81

79
74
86
87

90
84
79
68

75
68
71
74

153
159
158
152

61
71
87
92

75
72
71
68

144
154
158
105

116
125
124
122

150
146
133
118

140
149
141
126

197
180
156
137

100
88
68
62

112
106
98
92

83
82
81
77

85
91
89
88

80
76
76
73

91
91
86
74

83
80
79
76

72
77
88
87

106
111
117
118

147
137
132
123

93
102
106
116

70
68
68
69

170
166
150
140

113
101
97
94

105
101
95
104

111
112
108
119

117
99
88
96

69
79
89
96

87
87
85
89

74
72
72
72

88
86
85
85

64
63
65
66

73
69
72
66

86
81
74
72

78
76
72
74

111
113
118
119

118
118
119
125

116
118
130
154

118
107
109
80

69
70
70
69

129
129
132
133

97
103
107
108

124
149
153
150

125
136
135
136

135
173
186
183

103
117
113
104

110
146
145
138

70
67
67
72

87
84
76
69

65
66
71
85

62
62
51
57

67
57
61
52

73
60
62
59

141
146
152
147

118
120
118
120

119
118
105
104

i69
178
172
167

99
109
133
129

68
67
66
67

128
146
155
162

113
116
114
108

139
138
132
125

127
144
152
154

168
151
130
114

105
95
90
68

129
118
108
102

81
82
81
77

77
81
75
71

89
90
90
82

64
64
71
73

79
76
72
70

63
67
71
75

147
140

122
124

100
99

155
153

142
153

69
68

170
166

102
95

114
102

141
126

99
81

82
74

95
94

74
75

72
68

72
75

73
65

79
86

77
74

I

Rubber

£*>

« °2

^43
*M
s

13

1

Textiles

95
87
106
100
95
101
104
121
127

ft
d
0
!«

Foodstuffs

68
82
98
96
106
157
147

59
58
77
77
90
104
106
100
109

TS
a

fS

Leather

TextOes

Chemicals and
oils

Chemicals and
oils

Raw materials

Paper a,nd printing

•d
c

Lumber

t.

Nonferrous
metals

3
o

1
02

Textiles

Grand total

YEAR
AND MONTH

Foodstuffs

Manufactured goods

|
V
s

!
H

Relative to 1923-1925 average
1919
1920
1921
1922
1923
1924
1925
1926
1927

monthly av.
monthly av.
monthly av.
monthly av.
monthly av.
monthly av.
monthly av.
monthly av.
monthly av.

84
76
80
104
116
127
140

92
89
115
87
85
112
103
64
95

135
121
117
95
89
85
70

113
115
113
112

137
120
112
106

70
72
63
73

95
96
98
105

111
111
115
121

102
97
122
142

116
121
118
121

115
117
119
120

120
119
115
112

100
105
111
95

127
120
118
117

119
125
118
114

108
109
113
127

125
115
123
128

129
130
127
122

115
85 134
120 100 132
120 | 104 137
119 103 138

116
109

118
119

94
86
102
95
95
102
104
115
121

90
84
97
87
94
103
103
106
112

127
118
97
84
100
104
96
90
97

1926
May
June
July .
August

105
104
99
100

109
110
108
107

September
October
November .
.
December

108
124
136
136

1927
January
February
March
April
._

85
100
109
96
95
115
104

70
59
84
76
86
104
110
114
120

151
94
94
115
91
101
117

100
89
92
103
105
113
117

80
96
114
116

117
119
119
115

121
120
113
111

115
110
107
97

104
101
103
106

104
91
79
75

112
108
110
112

111
106
111
119

132
131
123
115

108
111
111
111

81
82
84
86

100
91
94
97

June
July
August

108
106
104
108

111
114
116
114

92
113
128
129

September
October
November
December

119
132
134
133

113
109
110
112

116
96
81
79

1928
January
February
March
April

May

May
June
July
August

103
117

137
135

i

1
I

September
October
November
December .

'•
1

i1

"

i

Compiled by the IT. S. Department of Commerce, Bureau of the Census, from data on 45 commodities covering stocks in the hands of manufacturers or at other visible
points at the end of each month. Details covering construction and weightings are to be found on pp. 20 to 22 of this issue. This index represents a complete revision of the
stocks index formerly published. No adjustment has been made for seasonal variations.
2
Compiled by the U. S. Department of Commerce, Bureau of the Census, from data on 17 commodities, weighted according to the relative value added in manufacture
in the years 1923 and 1925. In addition to the groups mentioned in this table, data are also included in the total covering paper, which, however, is not deemed representative of the paper group, since only one class of paper is included. Details as to weightings, sources, etc., are given in the January, 1928, issue (No. 77).




26

Table 4.—INDEXES OF WHOLESALE PRICES
[Base year In toold-faced type]
DEPARTMENT OF LABOR INDEX i

Total
YEAR AND MONTH

•^

1
i

Hides !
MetaJs Bu tid- Chem- Mouse
Semi- i Fie_
Tqonm
and j TextfSe Fuel
and
farMisBaw
Farm
and
ing
cella- mate-™
prod- Foods leather; prod- fight- i!i eta! mate- icals
0
coni
and
"
prod- i sacts
procl- rials drugs iug neous rials tur«d D*" ^- 1'
j ucts
ing
ucts
geods
units i
mrtidesj
|
j

§ ®

Comniorlities

Number of quotations
550

67

121

j

40

|

73

j

23

!

73

'

57

;

78

'

37

35

108

G2

3 SO

j

483

300

98

Kolative to 926
1

1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av

69. 8
68.1
69.5
85.5
117.5
131.3
138. 6
154.4

71. 5 j 64. 2
64.7
71.2
65.4
71.5
84.4
75. 7
129. 0
104. 5
119.1
148.0
157.6
129. 5
150.7
137. 4

68. 1
70. 9
75. o
93.4
123. 8
125.7
174.1
171.3

57.3
54.6
54.1
70. 4
98.7
137. 2
135. 3
164.8

61.3
56.6
51.8
74. 3
105. 4
109. 2
104.3
163.7

90. S
80.2
86.3
116. 5
150.6
136.5
130.9
149.4

56. 7
52, 7
53.5
67.6
88.2
08.6
115. 6
150.1

80.2
SI. 4
112.0
160. 7
165. 0
182. 3
157. 0
164.7

56.3
56.8
56.0
61.4
74.2
93.3
105. 9
141.8

93. 1
89.9
8G.9
100. 6
122. 1
134. 4
139, 1
167. 5

68.8
67.6
67.2
82.6
122. 6
135. 8
145. 9
151. 8

74.9
70.0
81.2
118.3
150.4
153.8
157. 9
198.2

69.4
67.8
68.9
82.3
109. 2
124.7
130. 6
149.8

69.0
66.8
68.5
85.3
113.1
125.1
131. 6
154.8

64.3
64.8
67.6
80.3
110.5
121. 9
123.2
129.3

70.9
68.9
7i. 4
j 93.3
123. 8
145. 2
145. 6
140.6

1921 monthly av
1922 monthly a v
1923 monthly av
1924 monthly av
1925 monthly av
1926 monthly av
1927 monthly av

97.6
96. 7
100.6
98.1
103.5
100.0
95.4

88.4
93.8
98.6
100.0
109.8
100.0
99.4

90.6
87.6
92.7
91.0
100.2
100.0
96.5

109.2
104.6
104. 2
101.5
105.3
100.0
107.9

94.5
100.2
111.3
106.7
108.3
100.0
95.7

96.8
107.3
97.3
82.0
96.5

97.4
97.3
108.7
102. 3
101.7
100.0
93.3

115. 0
100.3
101.1
98.9
101.8
190.0
96.6

113. 0
103. 5
108.9
104.9
103.1
100.0
98.2

109.2
92.8
99.7
93.6
109.0
MO. 0
89.9

88.3
96.0
98.5
97.6
106.7
100.©
96.5

96.1
98.9
118.6
108,7
105.3
100.0
96.9

103.3
96.5
99.2
96.3
100.6
100.0
94.5

100. 1
97.3
100.9
97.1
101.4

89.1
92.3
100.8
100.9
104.6

87.2
95.3
103.5
100.0
108. 0

86.5

117.5
102.9
109.3
106.3
103. 2
100.0
98.2

94.4

99.4

99.4

1926
September _
October
November
December

99.7
99.4
98.4
97.9

99.3
97.9
94.7
94.9

99.8
100.8
100.5
100.7

98.8
101.0
100.4
100.4

98.9
97.7
96.3
95.2

101.5
101.3
102.5
99.4

101.2
101.0
100.8
100.4

99.5
99.5
100.1
99.2

100.2
99.1
98.6
98.8

99.5
99.4
99.1
98.8

94.2
93.4
90.8
89.9

99.3
99.5
98.2
96.9

100.4
99.1
98.9
98.9

99.9
99.3
98.4
98.4

99.8
99.8
99.4
98.7

99.3
99.6
99.5
99.6

99.0
98.6
98.9
99.2

1927
January
February
March
April

96.6
95.9
94.5
93.7

96.5
95.4
94.2
94.3

96.9
95.9
94.5
94.6

101.0
100.2
100.5
101.7

94.3
94.6
94.0
94.2

97.7
95.8
90.0
84.9

98.8
98.0
98.2
97.8

97.5
96.2
95.3
95.0

97.6
97.6
97.1
97.8

97.9
97.9
97.8
97.8

90.3
90.6
90.9
91.3

97.3
96.0
94.0
92.7

97.8
96.6
96.6
95.9

95.9
95.8
94.6
94.1

96.6
96.1
94.6
93.6

98.3
97.2
97.1
96.9

96.9
97.2
97.0
96.3

93.7
93.8
94.1
95.2

96.3
96.5
97.6
102.2

94.4
94.4
93.9
94.2

103. 7
107.3
111.7
111.7

93.9
94.3
94.3
96.2

83.9
84.2
84.2
84.1

98.6
98.2
97.7
98.0

95.1
94.6
93.7
92.9

95.4
95.8
95.3
95. 4

97.8
98.0
98.0
98.6

91.3
90.2
89.3
89.9

93.9
94.1
94.7
97.5

96.0
95.6
95.7
97.3

93.6
93.4
93.5
93.4

93.2
93.1
93.2
93.3

99.3
98.4
98.8
99.8

96.2
95.8
97.4
99.8

September
October.
November
] December

96.5
97.0
96.7
96.8

105.9
105.0
104.3
104.4

96.5
100.0
101.5
100.7

112.5
113.0
114. 3
116.9

98.5
98.4
97.5
97.2

84.2
83.8
82.9
82.5

97.6
97.1
97.0
98.4

92. 1
91.6
90.2
90.4

96.4
97. 1
97.4
97.2

98.6
98.5
98.9
98.8

89.2
88.3
88.3
89.0

99.9
99.5
99.0
99.2

98.6
97.6
97.0
97.7

94.0
95.5
95.3
95.3

94.0
94.8
94.6
94.8

100.9
101.6
102.5
102.3

102.7
103.7
104.7
105.0

1928
Janua^v February
j March
April

96.3
96. 4
96. 0
97 4

106.1
104.5
103. 5
107.6

98.5
98. 7
98.0
99.5

121. 0
124. 1
1210
126.7

96.7
96.6
96.5
96. 5

SO. 8
81.2
80.8
80.8

98.1
98.3
98.4
98. 4

90.8
91. 0
91. 0
92.5

96.3
95.8
95. 6
95. 8

98.6
98.4
98.3
97.9

89.0
87.3
86.8
84.9

100.2
99. 1
97.9
100 1

S7.7
97.1
97.8
97,9

93.9
94.8
94.8
95.9

93.7
94.2
94.0
94.7

101. 7
102. 7
103. 6
105. 6

104.7
103.2
103.8
104. 0

98 6
97.6

109.8
101.3
1 0(1 7 ! 100.3

12G. 3
193 7

96. 6
9T>. 3

81. 3
82, 1

98. 6
98 7

93. 5
03. ft

95.3
fl4. 9

87 S
97.0

85. 1
82.2

101. 4
99.3

68. 6
97.8

97.1
96.7

95. 6

103. 8
103. 5

102. 1
! 101.7

May
June
Julv
August

_

. -_

May
June
July
August

:

_ _ ; _ _ _ ' _ !

:

mo

:

!

•

__

100. e

me

!

;

mo

_

_

;i

September
October
November
December.. _

|

i

i

;

'

i

;

'

i

\

i;

'

\\

i

1
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, based on monthly averages of 550 weekly quotations, arranged in 10 groups and also reclassified by state of manufacture with a grouping of all nonagricultural commodities, consisting of the total index minus the 67 quotations in the farm-products group. This
index supersedes the index based on 1913 as 100, which was published in the August, 1927, issue (No. 72) and previous issues. In computing this new index, the price of
each commodity is weighted by multiplying it by the estimated average quantity marketed in the years 1923 to 1925, or 1923 and 1925 in the ca.se of most manufactured
commodities, the census data being used for those years. Monthly data from 1923 appeared in the November, 1927, issue (No. 75), p. 24, except for data for state of manufacture, which appeared in the June, 1928, issue (No. 82), p. 23. Full description of the new index, with details on subgroups and on individual commodities, is contained in Bulletin 453 of the Bureau of Labor Statistics.
2
Data compiled, respectively, by Duris Review and Bradstreet's and recomputed to a 1926 base for comparison with the Department of Labor index; the data are sho\vn
as of the end of the month, instead of at the first of the month, as formerly. In its original form, Dun's price index is an aggregate of 300 quotations, each weighted by the
amount "annually consumed by each inhabitant"; about half of the aggregate is represented by food products. Bradstreet's index is the aggregate of prices per pound of
•96 commodities. Details by co-mmodity groups are shown for each index in their respective journals.




27

Table 5.—COST OF LIVING, FARM, AND RETAIL PRICE INDEXES
FARM PRICES 2

Fuel and light
YHAB AND MONTH

Shel- Clothter
ing

Food

All
Sundries groups

Combined

Dairy
Fruits Meat and Cotton Unand
and ani- poul- cot- classi- AM
Grains vegetatry
mals prod- tonfied jgrou ps
bles
ucts seed
Number of quotations

Fuel

Light

6

100
100
102

100
103
120

100

4

!

2

5

31

100
92
100
83
123

100
108
112
104
120

100
101
101
99
106

100
97
85
78
119

Relative to 1913

!

100
94
95
95
100

102
104

100
100
104

100
101
109

1OO
92
103
120
126

117
153
164
185
184

100

100

5

Relative to 1909-1914 average (fiscal years)

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

9

EETAIL COAL PRICE*

COST OF LIVING i

EETAIL FOOD PRICE 3

[Base year In bold-faced type]

131
159
172
197
167

217
226
231
231
112

202
162
189
249
148

173
202
206
173
108

134
160
182
197
151

187
245
247
249
101

130
157
162
152
90

176
200
209
205
118

146
168
186
203
153

117
127
150
«190
192
6191

100
100
102
100
117

100
102
101
114

100
100
99
104

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

146
173
186
205
156

105
118
129
155
169

143
185
205
261
166

126
138
144
168
183

1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly

142
146
146
157
160
155

166
173
184
180
176
169

155
170
175
174
174
171

179
180
169
167
163
163

197
182
181
186
184

146
142
140
120
122

173
173
174
175
174
173

157
161
163
168
168
164

105
114
129
156
129
128

152
136
124
160
189
155

113
106
109
139
146
139

135
147
137
143
141
138

156
216
211
177
122
128

88
101
100
92
88
83

123
134
134
147
136
131

142
146
146
157
161
155

194
193
7192
7 194
190

1927
May
June
July
August

155
159
153
152

170
169
168
169

171
169
169
170

160
160
160
161

179
180
180
181

122
122
122
122

173
172
173
172

164
165
162
162

127
140
139
138

158
201
195
172

137
129
131
136

130
124
125
127

113
119
125
136

79
82
81
81

126
130
130
132

155
159
153
152

184
186
187
187

September
October
November _
December

154
156
157
156

168
167
167
166

171
170
171
171

162
163
163
163

183
184
184
184

122
122
122
122

172
173
173
173

163
164
164
164

134
128
120
123

145
138
136
141

142
145
141
138

137
146
153
158

179
169
162
153

87
83
86
90

140
139
137
137

154
156
157
156

190
190
191
191

1928
January
February
March
__
April

155
152
151
152

166
165
165
163

172
171
173
171

163
163
163
160

184
184
184
179

122
122
122
122

172
172
171
171

163
162
161
161

125
128
136
144

144
153
174
179

138
139
139
142

154
144
137
134

152
141
147
154

91
90
89
85

137
135
137
140

155
152
151
152

191
191
191
185

154
153

163
162

171
171

158
158

176
176

122
122

171
171

162
161

160
152

181
168

151
150

134
132

166
162

86
87

148
145

154
153

183
185

av
av
av
av
av
av

May
_
June
July
August

September
October
November
December

_
I

i

j

i
i
1

""

!
!
!

j
;

|

j

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
3 "
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 1019-23. For the detailed explanation of this index see August, 1925, monthly supplement to " Crops and Markets," published by the Department of Agriculture.
» The retail food price index compiled by the U. S. Department of Labor, Bureau o/ Labor Statistics, the prices of 22 articles of food being weighted according to their
consumption in workingmeu's families as reported by retail dealers in 51 of the largest cities as of the 15tii of the month. Monthly data from 1913 appeared in Bulletin 396
of the Bureau of Labor Statistics, p. 12.
4
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 2 quotation? a year, on Jan. 15 and
July 15; thereafter monthly averages are used.
* 8 months' average, February, March, April, and May missing.
6 11 months' average, August missing.
710 months' average, no quotations being available for other months.




28

Table 6.—WOOL*
CONSUMP- l
TION
(in
i
In
grease
As Im- grease equivaported equiva- lent) 3
lent

For-

eign

MACHINERY ACTIVITY »
Looms

Total

Held by
manu- Held by
dealers
facturers

Wide Narrow

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

18, 761
27, 906
35, 801
36, 683
42, 214
41, 956
39, 918

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

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

1920 monthly average. _ .
1921 monthly average ._..
1922 monthly average
1923 monthly average
1924 monthly average. ..
1925 monthly average. _.
1926 monthly average...
1927 monthly average.. .

22, 839
28, 589
36, 151
34, 759
25, 501
29, 102
28, 546

8,809
11, 977
15, 913
12, 095
16, 687
11,018
14, 105
18, 266

14, 030
16, 613
20, 238
22, 664
9,315
14, 483
14, 997
10, 280

26, 394
50, 598
60, 980
36, 499

17, 938
46, 106
55, 877
29, 891

8,456
4,492

16, 956
16, 578

5, 157

15 442

11, 799
9, 033
8,972
8,794

17, 281
18, 085
24, 706
21, 346

8,044
6,399
6,498
8,138

9,237
11,686
18,208

33, 331
55, 841

25, 843
50, 082

26,001

5,278

21, 635
26, 722
31, 390
32, 854
22, 351

Per cent of active hours to total reported

i

1
44, 487

54,163
24, 921
31, 659
28, 017
25, 402

53, 467
44, 813
43, 857
42, 503
45, 961

18, 117
17, 355
13, 464
18, 425

20, 362

45,006

15, 079
21, 754

79
77
84
90
94
91
84

78
78
90
90
86
83

75
85
90
93
90
83

74
78
74
90
85
81
79

207, 008
215, 737

554, 183
559, 431
478, 761
480, 867
383, 100
352, 061
357, 266
334, 512

220, 339
279, 381
290, 023
247, 431
207, 803
179, 213
168, 257

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

64
69
68
83
69
69
63
62

70
64
65
76
62
64
61
63

67
51
77
82
66
72
63
64

70
71
89
98
88
86
77
79

75
89
91
98
80
77
79
80

68
72
87
92
85
84
73
78

74
82
79
92
66
67
69
67

385, 615

167, 426

218, 189

58
60
56
59

61
67
58
65

67
64
56
57

80
84
77
79

74
73
75
83

80
79
76
78

61
61
59
65

357, 107

175, 436

181, 671

168, 458

135, 210

65
67
64
58

65
64
67
68

84
84
79
77

81
88
83
71

82
79
80
77

71

303, 668

64
66
66
63

62
60
57
58

52
51
57
51

68
67
68
71

78
78
79
78

75
80
70
64

78
77
76
75

66
68 !
61
56

60
59

53
58

65
62

80
81

64
63

79
78

55
49

39, 833

15, 832
21, 053
20, 179
17, 924

18, 933
24, 535
23, 936

20,566

48, 153
49, 122
46, 322
41, C91

13, 208

24, 759
21, 305
29, 473
20, 474

28, 353
23, 646
33, 120
23, 600

45, 087
48, 324
46, 757
38, 855

7,488
5,759

25, 040
19, 671

28, 163

43, 911
41, 282

25, 856
22, 222

68
65
72
80
74
60
57

206, 669
227, 236

44, 338

20,149

28,271

73
78
73
91
88
84
72

75
74
73
86
87
85
71

i

37, 158

Wool- Woren
sted

492, 114
652, 258

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

37,811

Carpet
and
rug

Spinning
spinciies
Combs

DoTotal mestic

YEAR AND MONTH

STOCKS «
(in grease equivalent,
quarterly)

IMPOETS 2

Sets of cards

RECEIPTS AT
BOSTON i

166,100

1927
May _
June
July
August.
September
October
November
December

.
...
__

1928
January
February. _
March.
April
May
June
July
August

_ _
_.

15,205

5,103

6,608
7,545
6,233
6,648

September
October
November
December

21,383

46,504

261, 749

175,876

85, 873

385, 407

173, 556

211,850

65

i

1

I

*Monthly data from 1909 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, pp. 10, 11, 12r
14, 16, and 17.
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.
a 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 1^. Further details as to classes of wool and districts are given in press releases.
* Stocks of wool held by about 600 manufacturers and about 400 dealers from the U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922,
and thereafter by that bureau jointly with U. S. Department of Commerce, Bureau of the Census. 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.
8
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.




29

Table 7.—CLOTHING
MEN'S AND BOYS'
GARMENTS CUT 1

YEAR AND MONTH

Suits

Separate Overtrou- coats
sers

OVERALLS 2

HOSIERY 3

KNIT UNDERWEAR <

UnUnProfilled
St'ks, New
Net filled
ducNet
orship- end of orders orders,
Cut ship- ders,
tion
end of
ments end of
(all ments mo.
mo.
mo. classes)

Thousands of garments Thousands of dozen
garments
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average

Thousands of dozen pairs

Production

Unfilled
St'ks,
Net
New
ship- end of orders orders,
ments mo.
end of
mo.

Thousands of dozen garments

986
846
1,046
1,170

s 3, 834

8168
994
1,309
1,157

6837
1,840
2,992
3,807

7 1, 119
? 1, 108 7 1, 038
1,154 5 1, 156 « 1, 106 » 1, 221
1,029 1,020 1,243
965
1,062
1,124
1,104
1,331

2,456
3,002
2,175
2,364

»765
770
1,070
1,230

2,037
2,280
2,205
2,025

2,160
2,295
2,260
2,062

522
481
493
465

3,352
3,812
3,522
3,749

3,331
3,758
3,620
3,780

6,259
5,771
6,703
7,781

3,410
3,888
3,639
3,909

5,755
7,394
6,077
5,960

1,973
2,445
2,277
2,310

2,190
2,231
2,069
2,133

417
590
631
748

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

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

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

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

1,897
1,790
1, 644
2,081

2,296
2,187
1,919
2,071

752
878
362
308

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

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

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
1,400
1,562

January
February
March
April

2, 264
2 382
2,574
1, 932

2,170
2, 320
2,284
2,032

300
305
343
255

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

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

May
June
A ugtlSt

1,775
1, 970
1,902
2,151

2,032
2, 064
1, 950
2,199

379
544
614
710

3,694
3,941
3,113
3, 807

3,551
3,886
3,226
4,016

7,914
8,141
8, 390
8,093

4,058
4,143
3, 095
3, 892

6,141
6, 342
6,046
6,018

1,082
1,127
880
1, 082

958
1,049
950
1, 369

1,527
1, 623
1,617
1,434

952
1,115
803
1, 434

2,583
2,614
2, 458
2, 543

October
November
December ._

1 839
1,715
1, 692
2,095

1 963
1, 939
1, 847
1,902

729
'
704
435
261

3,841
1 4 151
3, 863
| 3,386

4, 355
4 294
3, 927
3,646

7, 695
7 965
7, 568
7,640

4,896
4 946
3,838
3,183

6, 407
6,481
6, 1G7
5,395

1, 055
1,181
1,181
973

1, 464
1, 359
1, 230
959

1, 216
1,322
1,073
1,100

1,241
1,147
1,046
924

2, 416
2, 185
1, 967
1, 925

2,207
2,408
2, 265
1,584

2,021
2, 013
2,329
1,662

269
280
280
199

354
377
372
341

294
353
254
303

99
106
97
125

3,578
3, 603
3,808
3,304

3, 033
3,279
3,803
3,217

7, 983
8, 466
8, 494
8,618

3,109
3,137
3, 363
3,418

5, 380
5, 167
4, 532
4, 520

1,022
1,132
1,215
1, 151

917
1, 042
1,194
965

1,202
1,209
1,250
1,520

1, 309
1, 025
1, 208
934

2, 313
2,275
2, 281
2,245

1,806

1,658

330

388

335

163

3,462

3,312

9,030

3,682

4,794

1,162

1,043

1,657

1,041

2,228

1924 monthly average ._
1925 monthly average
1926 monthly average
1927 monthly average

-_

1926
IVIay
June
July
August

--

September
October
November
December

-

1927

July

-

1928
January
February
March
April

May
June
Julv
A u<Tust

--

i_
October
November
December

|
!

1

* Monthly data from 1920 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, pp. 37, 38, and 48,
except for men's and boys' garments, for which monthly data from 1924 appeared in the May, 1928, issue (No. 81), p. 48.
1
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 7*30 identical establishments in 1927 and approximately identical establishments
hereafter. Earlier figures are from 467 establishments prorated to compare with the 730 establishments on the basis of the relation of the figures in both groups in 1927.
Details by materials are given in press releases.
2
Compiled from reports to the U. S. Department of Commerce, Bureau of the Census, from about 290 establishments; further details by kind of overalls are given in press
summaries. The data represent overalls, overall jackets, and one-piece overall suits, while additional data on children's play suits, work pants and breeches, blanket-lined
and 3similar coats, sheep-lined coats, leather jackets and hunting, riding, and camp clothing are shown in the press summaries.
Compiled by the U. S. Department of Commerce, Bureau of the Census, as reported by 261 identical establishments, which produced 44 per cent of the total output of
hosiery in 1925, according to the census of manufacturers. Further details are given in press releases.
4
Data
of " "
" ' from reports of from 162 to 176 establishments, which produced 61 per cent of the total outData from U. S. Department of Commerce. Bureau of the Census, compiled '
U. S.
Commerce,
put of knit underwear in 1925, according to the census of manufacturers, while stocks are from 70 to 83 establishments only. Further details as to classes given in press
Jy.
releases. Data previous to May, 1924, were compiled by the Associated Knit Underwear Manufacturers of America.
6
6
7
11 months' average.
6 months' average.
9 months' average.




30

Table 8.—TEXTILE WHOLESALE PRICES
1

COTTON YARN

COTTON

COTTON GOODS

(B^SI) '

WOR- ! DRESS
STED
YARN j GOODS
1

Carded, Carded,
white,
Price to Midnorth- single
warp,
prodling,
ern,
40/ls,
ducer, upland, mule southspun,
all 3
New
ern
grades
York
22/1,
spincones,
ning
Boston

YEAR AND
MONTH

Print
cloth,
64 x 60,
Composite 38^ in.,
index * 5.35 yds.
tolb.,
f. o. b.

mm

Rel. to
1911-1913

Dollars per pound

Sheet\i blood
ing, 4/4
Terri- combing
Trion,
grease,
Ofolo
L Ls 36", tory*
fine,
4yds.
and
staple,
to lb., scoured PennNew
sylvania
York
fleeces

Dollars per yard

SUIT- ! SILK,
SILK
ING
II HAW ! GOODS
.

I

;

Japanese,
13-15,
New
York

2/33's,
Fr
crossss ^f
®^c> »•***
worsted,
bred
stock,
a*m'ra i»oi.,at
Boston • ** maH i
mm

Composite
index 8
i

;

Dollars per pound

Dollars
Dollars
per pound; per yard

Dollars per yard

ji
1913 mo.
1914 mo
1915 mo.
191 6 mo.
1917 mo.
1918 mo.
19 19 mo.
1920 mo.

av
av
av
av
av
av
av
av

1921
1922
1923
1924
1925
1926
1927

av
av
av
av
av
av
av

mo.
mo.
mo.
mo.
mo.
mo.
mo.

__.

$0. 120
.104
.091
. 137
220
. 295
.299
.310

.125
.193
.270
.268
.222
.151
. 159

$0. 128
7
.119
.102
. 145
. 235
.318
.324
.339

$0. 248
.218
.198

---

449
. 662
. 596.703

.331
.397
.486
475
.418
.358
.351

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

6

1
|
$0. 448
.571
. 648
. 593
.558
. 508
.491

100
97
91
122
187
292
272
323

$0. 053
.046
.041
.061
.095
. 159
. 146
182

162
187
213
199
188
160
157

--

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

$0. 062 !
. 056 i
.052 ;
. 072
. Ill)
. 195
.108
211

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

$0. 57
.61
.71

.87
1. 59
81.84
1.74
1.66
.85
1.25
1. 41
1.42
1.40
1. 15
1.10

$0 25
.26
.36
.41
.66
8
. 76
.64

.26
. 42
.51
.53

:i

$0 78
.64
.79
1.05
1. 56
2 11
7 1. 63
1.83

1.18
1.41
1.73
1.69
1.72

i

jl

|

•'

;
i
I

i

I
i

1
i

s

$1.03
.99

11

i

;

$2. 168
2. 195 I
2. 348
2. 005
1. 912

33.273
6. 960
9. 639
9.084
6. 574
7. 643 •
8. 653
6.248
6.574
6.195
5. 443 ,

.168
.117
.110
.100

.170
.132
.128
.128

.367
.329
.321
.311

.506
.482
.470
.467

1927
January
February
March
April

.106
.115
.125
.123

.134
.140
.144
.146

.301
.306
.312
.312

Mav
June
_
July
August

.139
.148
.155
.171

.163
.168
.180
.203

September
October
November
December
1928
January
February
March

May
June
July
August

September
October
November
December

1.40
1.44
1. 57
1.38
1. 39
1.36
1.24

1

1

1926
September
October
November
December

$1. S2
1. 75

.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
1.38

1.01
1.00
1.00
1.00

1.890
1. 890
1.890
1. 890

6.370
6. 076
5.730
5.831

1.35
1.31
1.30
1.28

.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

1.895
1. 913
1. 913
1.913

5. 635
6.027
5.733 i
6. 125

1.27
1.29
1.28
1.26

.335
.346
. 354
. 387
i

159
154
148
143

. 456
.470
.481
.512

147
150
152

.071
.073
.075
.084

.082
.084
.087
.098

1.08
1.09
1.13
1. 12

.41
.42
.44
.44

1.33
1.33
1.35
1.35

.98
.98
.98
.98

1.913
1.913
1.913
1.913

5.831
5.488
5. 292
5. 145

1.25
1.24
1.23
1.23

.406
.402
. 383
.371

. 547
. 546
. 530
.522

177
175
172
168

.089
.087
.083
.080

.110
.111
.110
. 105

1.12
1. 12
1.12
1.14

.45
.47
.48
.49

1.38
1.40
1.40
1.40

.98
1.00
1.00
1.00

1. 913
1. 913
1.913
1.917

5.096
5. 145
4. 802
4. 998

1.20
1.20
1.19
1.19

166
163
161
161

.080
.077
.076
.076

.098
.095
.092
. 091

1.17
1.20
1.20
1. 19

.50
.52
.52
.53

1.43
1.50
1. 53
1.55

1.00
1.00
1.03
1.03

1. 935
1. 953
2.008
2.008

5.145
5 292
5. 194
5. 390

1. 19
1.20
1.20
1. 20

164
162

.079
.077

.092
.091

1.18
1.18

.55
.55

1.58
1.58

1.03
1.03

2.008
2.008

4.998
4.851

.225
.210
.200
.187

.218
.211
.203
.196

.186
.170
.178
187

.190
.185
.195
.203

.369
.360
.366
.366

.523
.494
.483
.480

.201
.197

.217
.214

. 380
.374

i

162

.480
.489

j
i
|

;

1.19
1. 18

!
I
jl

II

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 from
1909 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, pp. 13,14,15, 28, 35, and 36, except on raw
silk,2 Japan, 13-15, New York, for which monthly data from 1917 were presented in the November, 1927, issue of the SURVEY (No. 75), p. 27.
Averages of weekly quotations on representative grades in the Boston market, as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
3 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 4 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.
s Fairchild silk-goods index, compiled by the Daily News Record, represents the arithmetic average price per yard at the end of each month in the New York market
of 18 domestic numbers and 5 Japanese numbers, including most of the standard fabrics manufactured both in the United States and in Japan. Monthly data from 1019
are given on p. 138 of the present issue.
7
e Average for years 1911 to 1913, inclusive.
Average for 10 months.
« Average for 6 months.
• Average for 9 months.




31

Table 9.—COTTON
REPRODUC- GINNINGS
(total crop CEIPTS
TION
INTO
(crop 3 to end of
nioatia
estimate) indicated) ? SIGHT

YEAR AND MONTH

STOCKS
(end of month)

EXFORTS CONIM- (includ- SUMPPORTS
ing
TION
linters)

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
1919 monthly average

13 033 235
14, 156, 486
16, 134, 930
11,191,820
11,449,930
11, 302, 375
12, 040, 532
11,420,763

1920 monthly average
19'?1 monthly avenige
1922 monthly avenge
1 923 monthly aver, i ge . . _ . ...
1924 monthly averfsO
1925 monthly av-, r,r~c
__
1926 monthly average
1927 monthly average

13, 439, 603
7, 953, 641
9, 762, 069
10, 139, 671
13, 627, 936
16, 103,679
17, 977, 000

13,982,811
15, 905, 840
11,068,173
11,363,915
11,248,242
11,906,480
11, 325, 532

1, 203, 092
1,035,730
1,256,604
1, 186, 402
959, 945
920, 106
1,031,256

17,313
18, 455
26, 283
33, 798
32, 064
23, 103
18, 781
29, 226

735, 226
746, 978
547, 068
727, 033
607, 546
412,690
352, 953
561, 280

465, 289
454, 064
500, 749
551, 701
567, 984
514,712
493, 293

3, 085, 132
3, 414, 853
4, 898, 345
4,777,800
4, 137, 287
4, 687, 250
4, 935, 973

1,359,417
1, 209, 177
1, 552, 989
1, 883, 668
1, 658, 513
1, 594, 578
1, 430, 976

1,725,715
2, 205, 675
3, 345, 356
2, 914, 132
2, 478, 774
3, 092, 672
3, 504, 998

3, 977, 335
4, 349, 535
4,628,711
5, 920, 777
4, 704, 844
3, 978, 899
4, 021, 720
5, 065, 485

2, 976, 202
3, 061, 535
3, 094, 377
4,473, 105
3,494,011
2, 752, 066
2, 814, 722
3, 614, 068

13, 270, 970
7, 977, 778
9, 729, 306
10, 170, 694
13, 639, 399
16,122,516
17, 755, 070
12,783,112

896, 699
1, 014, 029
1, 000, 802
944, 2CO
1,119,34.9
1, 344, 3S4
1, 424, 535
1, 336, 327

49, 999
23, 158
31,030
31, 228
26, 754
26, 113
30, 232
34, 268

513, 261
539, 509
509, 484
439, 930
566, 243
711,020
754, 026
789, 616

486, 933
450, 565
507, 294
543, 444
460, 139
536, 044
556, 971
617, 220

4, 792, 190
6, 100, 426
4, 706, 031
3,853,119
3, 435, 371
3,991,285
5,471,631
5, 758, 353

1,453,054
1,312,862
1, 447, 196
1,480,319
1, 087, 880
1,283,913
1, 432, 843
1, 605, 737

3, 339, 136
4, 787, 564
3, 258, 836
2, 372, 800
2, 347, 490
2, 707, 372
4, 038, 787
4, 152, 616

5, 662, 420
6, 346, 620
4, 950, 925
3, 503, 179
3, 722, 885
4, 579, 560
5, 626, 734
6, 732, 073

3, 909, 420
4,410,286
3, 152, 091
2, 152, 179
2, 417, 302
3, 264, 977
4, 209, 484
5, 240, 157

4,414,216
516, 376
518, 607 ! 3, 678, 968
3, 032. 560
461, 743
2, 632, 157
500, 253

1, 448, 739
1, 268, 707
1, 096, 647
916, 786

2, 965, 477
2,410,261
1, 935, 913
1, 715, 371

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

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

|

1926
13, 625
22, 137
12, 090
13, 269

\. ugust

15, 635, 000
15, 621, 000

47, 770
696, 556

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

September
October
November
December. _

15, 166, 000
16, 627, 000
17,918,000
18,618,000

5, 643, 139
11,253,873
14, 644, 070
15, 540, 804

2, 138, 747
3, 901, 252
3, 648. 910
2, 701, 262

794, 584
10, 007
30, 877 1, 369, 820
41,441 1, 486, 224
39, 851 1, 531, 297

570, 570
568, 361
583, 746
602, 986

4, 223, 726
6, 684, 732
8,009,515
8, 311, 996

936, 441
1, 213, 199
1, 493, 013
1, 763, 739

3, 287, 285
5, 471, 533
6, 516, 502
6S 548, 257

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, 616, 075

1, 575, 278
1,211,831
1, 287, 048
876, 865

56, 939 1,115,792
39, 702 1, 010, 507
41, 267 1, 129, 537
38, 058 855, 449

603, 242
589, 513
693, 081
618, 279

8, 010, 582
7, 385, 107
6, 458, 599
5, 560, 874

1, 852, 074
1, 931, 794
1,975,694
1, 891, 137

6, 158, 508
5, 453, 313
4, 482, 905
3, 669, 737

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
37, 078
31, 147
28, 041

628, 132
481, 943
389, 358
340,311

629, 948
659, 841
569, 765
633, 434

4, 659, 218
3, 775, 984
3, 227, 367
3, 295, 004

1,792,261
1, 594, 475
1, 404, 815
1, 122, 059

2, 866, 957
2, 181, 509
1, 822, 552
2, 172. 945

6, 507, 136
5, 654, 492
4, 988, 005
4, 480, 172

4,815,136
4, 014, 492
3,417,005
3,131,172

631, 041
28, 346
19, 235 1, 126, 509
28, 845 999, 501
767, 314
41,211

627, 321
612, 935
625, 680
543, 598

5, 083, 456
6, 760, 224
7, 520, 754
7, 363, 062

1,118,776
1, 327, 095
1, 551, 336
1, 707, 326

3, 964, 680
5,433,129
5, 969, 418
5, 655, 736

5, 356, 078
6, 478, 500
7,314,256
7, 501, 489

4, 108, 078
5, 296, 500
6, 074, 256
6, 041, 489

May
June
July

1927
_ _ _ _ _

Januarv
February
March
April

May
June
July
August

_ _

17, 755, 070

419,459
346, 533
366, 722
391, 295

13, 492, 000

162, 283
1, 533, 577

690, 988
365, 509
128, 932
832, 333

12,692,000
12, 678, 000
12 842 000
12, 789, 000

5, 944, 734
9, 920, 846
11,738,338
12, 072, 763

1, 999, 710
2, 836, 916
2, 570, 792
1, 659, 719

12, 501, 447

897, 939
633, 133
715, 445
713, 516

41, 445
38, 200
41, 433
18, 196

728, 935
634, 890
614, 428
485, 219

582, 417
573, 810
581,318
525, 158

6, 720, 922
5, 981, 579
5, 104, 020
4, 429, 298

1, 706, 893
1, 668, 650
1, 593, 486
1, 507, 992

5, 014, 029
4, 312, 929
3, 510, 534
2, 921, 306

7, 162, 849
6, 701, 828
6, 273, 385
6, 022, 896

5, 469, 849
5, 019, 828
4, 543, 385
4, 101, 896

693, 162
297, 397

19, 842
14, 587

591, 345
457, 781

577, 710
510, 565

3, 636, 501
2, 804, 502

1,331,135
1, 158, 531

2, 305, 366
1, 645, 971

5, 629, 762
4, 961, 966

3, 532, 762
2, 909, 966

- _
_

___

September
October
November
December

_

,

1928
January
February
Mprch
April

Mav
June
July
August
September
October
November
December _

12, 783, 112
. . .-

--

-

_ _

1 Receipts into sight compiled by New Orleans Cotton Exchange; imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce;
consumption, ginnings, and domestic stocks from U. S. Department of Commerce, Bureau of the Census. Linters are not included in the statistics in this table, except in
the exports. Yearly figures represent averages for the calendar year except for ginnings and production, in which case totals for the crop year are shown (not an average).
Monthly data from 1909 through 1926 on items in this table, if available, may be found in. the Record Book of Business Statistics, Textiles Section, p. 18 to 27.
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 cover all ginnings of the crop. Yearly figures represent total ginnings for the cotton crop harvested in that year (not a monthly average).
* These figures, from the Commercial and Financial Chronicle, represent world visible supply on the Saturday nearest the end of the month, covering European ports,
United States ports and interior, Egypt, India, and quantities afloat.
5
All bales are running bales counting round as half bales, except for imports, which are given in equivalent 500-pound bales.




32

Table 10.—COTTON MANUFACTURING
SPINI>LE ACTIVITY 1

YEAR AND
MONTH

Active
spindles

Per
Total spin- Ratio
spin- dle to ca- Billings Orders, Shipgray
dle
yardage ments
in
hours place pacity

Thous. Millions Hours
of hours

Thousands of
yards

Per
cent

1913 mo. av
1914 mo. av
1915 mo. av ...
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av
1920 mo. av

30, 559
30, 748
31, 136
32, 293
33,400
33, 525
33, 878
33, 807

1921 mo. av .__
1922 mo. av
1923 mo. av
1924 mo. av ...
1925 mo. av
1926 mo. av
1927 mo. av

33, 052 » 7, 532
7,725
33, 026
34, 681 8,292
31, 136 6,689
32, 642
7,883
32, 352 8,086
32, 531 8,700

•206
209
222
177
208
215
236

1927
May
June
July
August

32, 905
32, 757
32, 324
32, 239

8,983
9,191
8,033
8,973

244
249
219
245

108.9
109.3
99.1
103.5

85, 054
87,006
72, 334
84, 780

77, 170
77, 743
71,959
82, 407

September
October
November.
December

32, 343
32, 498
32, 269
31,715

8,761
8,705
8, 680
7,859

240
238
238
215

107.0
105.3
107.2
94.3

84, 899
85,490
77, 239
77.885

1928
January
February _
March
April

31, 698
31, 687
31,413
30, 965

8,259
7,969
8,312
7,416

227
220
231
206

101.5
101.2
96.8
94.8

29, 060
28, 624

7,959
7,248

222
203

95.0
88,3

May
June
Julv
August

FINE
COTTON
GOODS
(3)

FINISHED COTTON GOODS >

8

Stocks,
end of
month

Cases

Unfilled ProducAc- ortion
tivity ders,
(New
end Bedford)
mo.
Per
cent

Days

Pieces

COTTON
CLOTH *

MILL DIVIDENDS
(quarterly)
Fall River •'

New Bedford «

Ratio
Ratio
Imto capto capports Exports Total italiza- Total italization
tion
Thous. of square Thous. Per ct. Thous. Per ct.
of
of
per
per
yards
dollars quarter dollars quarter
3,880
5,189
3,563
5,534
5,441
2,737
4,146
11, 732

38,890
27, 207
43, 195
51, 688
63,718
45, 348
56,920
68,229

$519
311
284
512
1,054
1,512
1,208
2,521

1.820
1.084
.974
1.734
3.338
4.594
3.651
7.486

$547
470
653
746
1,471
1,603
1,681
2, 238

1.405
1.197
1.645
1.832
3.001
3.164
3.324
4.390

354, 274 12 7, 148
385, 770 11, 872
438, 761 18, 248
366,360 14, 782
9,104
421, 059
5,057
403, 020
5,251
480, 868

45, 959
48, 958
38,710
39, 818
45, 276
42, 775
45, 987

780
762
882
705
419
305
299

2.031
1.997
2.061
1.609
.931
.722
.730

1,365
1,500
1,258
942
981
703
570

2.299
2.429
1.741
1.285
1.325
1.024
.788

262

.643

598

.821

262

.643

588

.809

406

.997

607

.826

247

.629

PQ-T
oU,

.821

241

.602

i 434, 188
383, 523
329, 571

52, 787 s 39, 431 8 25, 543 » 39, 920

838

86.7

•91.5 10 85, 386 10 90, 054 10 44, 935 10 36, 226
93.5 11 94, 016 11 95, 509 » 49, 102 11 44, 937
98.9
95,098 91,504 48, 116 46,166
78.5
77,650 76, 105 41,863 43, 139
92.9
78, 756
76, 558 43, 691 39, 640
81,214 78,565 47, 352 39, 641
95.4
104.9
84, 458 81, 627 49, 428 38, 243

1065
H66
68
58
60
64
70

109.4
H9.9
9.5
5.9
5.8
6.1
5.8

49, 711
48, 133
43, 154
52, 399

37, 340
39, 535
40, 390
37, 092

72
66
63
68

6.1
5.5
5.9
5.8

479, 275
530, 892
460, 260
486, 395

6,892
5,654
3,821
4,996

51, 796
48, 589
50, 387
46, 387

87, 386
77, 296
69, 073
69, 836

52, 316
50, 175
44, 671
43, 287

37, 053
39, 094
41, 350
41, 059

72
73
61
59

5.8
5.4
4.4
3.9

496, 697
466, 529
472, 298
468, 823

4,741
4,425
5,081
5,565

50,333
42, 836
45, 919
41, 117

68, 737
78, 786
89, 740
75, 378

75, 665
79, 184
81, 328
68,316

44, 673
49, 035
51, 495
43, 378

40, 751
38, 698
39, 787
40, 876

62
69
69
64

4.7
5.2
4.8
4.5

401, 676
429, 095
461, 429
255, 949

6,472
5,813
7,921
6, 418

34, 963
33, 380
42, 237
39, 831

73, 539
70,029

72, 961
61,347

47, 555
42,357

40, 449
38, 907

62
53

4.3
3.6

128, 604
134, 158

4,615

43, Oil
46, 534

September
October
November
December
* Monthly data from 1909 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, pp. 29 to 34, 39
-and 1
40.
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
akes2 into account working days, on a single-shift basis, exclusive of holidays. Details by States are given in press releases.
Compiled by the National Association of Finishers of Cotton Fabrics from reports from 31 out of 51 members, covering work done outside of regular textile mills. In the
statistics given above, white goods and dyed goods each comprise regularly about 40 per cent of billings and orders, and printed goods about 20 per cent. Prior to November, 1923, an additional firm was included. Details by Federal reserve districts and classes of goods are given in the association's reports. The goods are billed as completed,
hence billings approximate production.
3
Data on fine cotton goods, from the Fine Cotton Goods Exchange, are reported by 24 identical mills in the New Bedford district, representing about 50 per cent of the
fine cotton goods industry in New England and from 20 to 30 per cent throughout the United States. Data on sales are no longer published, as not strictly comparable
with4 production figures.
Imports and exports of cotton cloth from the V. 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 probably 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.
e Dividends paid by New Bedford cotton mills in quarter ending in the month given, compiled from records comprising about 26 mills, supplied by Sanford & Eilley.
Yearly figures are quarterly averages.
? 9 months' average, April to December, inclusive.
8
6 months' average, July to December, inclusive, previous data not available.
' Average for 5 months, August to December, inclusive; previous data not available.
1011 months' average, January to November, inclusive.
"11 months' average, February to December, inclusive.
" 9 months' average, January to September, inclusive.




33

Table 11.—COTTON TEXTILES AND BUTTONS
CARDED SALES
YARN*

Production

YEAR AND
MONTH

Stocks,
end of
month

Unfilled
Proorders,
end of duction
month

New
orders

6

Shipments

Production

Stocks, Unfitted
end of orders,
end of
month month

FRESHWATER
PEARL
BUTTONS <

Production

Stocks,
end of
month

Stocks,
end of
month

Ratio
to capacity

Thousands of yards

Thousands of pounds

1922 monthly av_
1923 monthly av_
1924 monthly av_
1925 monthly av_
1926 monthly av.
1927 monthly av.

CLOTH
PRINTING 3

COTTON TEXTILES 2

OCEAN PEARL
BUTTONS 5

Pro- Ship- New Stocks,
duc- ments orders end of
tion
month

Thousands of gross

46.1
46.0
33.4
44.0
46.7
48.4

12, 562
13, 874
14,011
12, 489
11,969
9,794

6 9, 887

6

27, 597

185

217

248

529

1927
January
February. ..
March
April

219, 024
277, 853

226, 117
275, 206

220, 815
271, 801

257, 103
214, 840

278, 644
454, 800

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

15, 682

376, 811
270, 644
296, 165
252, 301

259, 955
258, 303
305, 134
222, 942

216, 212
190, 520
162, 438
176, 681

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

44.4
48.3
50.0
50.9

10, 300
10, 134
9,819
9,900

154
188
185
209

186
258
231
211

402
303
195
203

522
535
558
540

9, 830
9,966
9. 705
9,555

208
185
140
171

217
186
162
192

209
233
146
208

535
566
568
333

7

56, 177

May
June
July
August

13, 136
10, 792
13, 286

8,085
8,538
9,393

19, 945
22, 665
24, 415

231, 874
279, 456
229, 097
245, 605

328, 144
179, 060
215, 730
255, 992

230, 665
269, 723
239, 193
221, 915

177, 890
187, 623
177, 527
201, 217

572, 009
481, 346
457, 883
491, 960

51, 688

51.5
52.9
37.3
43.6

September
October
November
December

17, 618
16, 619
17,162
21, 160

8,570
10, 165
11, 580
12, 880

24, 124
27, 220
34, 692
40, 115

346, 902
331, 854
321, 621
372, 042

333, 607
225, 560
193, 871
374, 581

346, 199
293, 411
286, 097
328, 076

201, 920
257, Oil
292, 535
336, 501

479, 368
432, 447
340, 221
386, 726

58, 673
64, 943
57, 006
48, 574

50.9
53.9
52.3
45.1

9,409
9, 604
9,646
9,662

173
207
195
206

217
274
253
220

279
282
284
237

529
499
483
476

18, 934
18, 642
22, 598
16, 737

13, 444
13,611
13, 475
13, 390

38, 287
38, 457
33, 030
31, 925

297, 669
300, 323
358, 025
286, 005

194, 114
256, 328
349, 855
335, 117

266, 9-17
285, 404
337, 573
270, 172

367, 223
382, 142
402, 594
418, 427

313, 893
284, 817
297, 099
362, 044

49, 826
64, 015
75, 725
69, 378

74, 326
75, 153
78, 151

48.8
51.1
51.9
50.7

10, 902
10, 748
10, 914
10, 949

190
233
225
220

223
258
229
207

301
336
237
216

565
578
585
390

16, 358
19,415

13, 427
12, 539

28, 484
25, 435

349, 325
287, 818

269, 845
267, 025

326, 244
270, 342

441, 508
458, 984

305, 645
302, 328

73, 520
63, 796

76, 149
79, 416

48.8
46.8

11,098
11, 277

206

204

199

1928
January
February
March.
April
May
June..
July
August

_ _

September
October
November
December
1 Compiled by the Cotton Textile Institute from weekly reports, the production figures being combined into the monthly totals on the basis of either 4 or 5 weeks, June
and September being 5-week months, while stocks and unfilled orders are for the Saturday nearest the end of the month. The figures for 1927 are not strictly comparable
owing to the progressive addition of reporting firms, June and July reports being from about 100 mills each week, August and September from 118 mills with about 1,400,000
spindles in place, October and most of November from 134 mills with about 1,700,000 spindles in place, and beginning with the week ended November 26 from 141 mills
with about 1,950,000 spindles in place, these latter mills representing about 70 per cent of the spindle-capacity of the industry. These reports include only yarn made for
sale 2to other mills, yarn used by the same mill in further manufacture being excluded.
Compiled by the Association of Cotton Textile Merchants of New York from weekly, biweekly, and monthly reports of 46 commission houses and of several additional
mills through the Cotton Textile Institute, representing mills manufacturing 23 groups of textile constructions, as follows, new groups added since the beginning of 1926 being
marked with the date of inauguration of their statistics: Class A sheetings, Class B sheetings, Class C sheetings, print cloths narrower than 36 inches, print cloth 36 inches
a,nd wider, pajama checks, drills 40 inches and narrower, 4-leaf clothing twills, pocketing twills, jeans (gray cloth only), osnaburgs, heavy-warp sateens, drills, twills,
sheetings, and sateens wider than 40 inches, denims, chambrays, cheviots and plaids, ginghams, wide brown sheetings (compiled entirely by the Cotton Textile Institute
beginning with July, 1927, with additional mills reporting), print cloth fancies (beginning March, 1926), carded broadcloth (beginning July, 1926), canton flannels for the
mitten trade (beginning July, 1926), flat ducks (beginning October, 1927), tobacco cloths (beginning October, 1927), and miscellaneous print cloths (beginning October, 1927).

orders and shipments are computed from the other figures. The mills reporting are believed to represent over 60 per cent of the industry and are located chiefly in the South.
3
Compiled by the Cotton Textile Institute from reports of from 15 to 18 mills finishing print cloths, both job printers, i. e., those printing cloths not of their own manufacture, and corporation printers, i. e., those both manufacturing and printing. These statistics, therefore, overlap somewhat the data of the National Association of Finishers
of Cotton Fabrics, as they include corporation printers, which the association statistics omit, and exclude white and dyed goods, which the association statistics cover in
addition to printed goods. The machines included in these reports represent from 68 to 74 per cent of the total printing machines. Cotton and rayon mixtures are included
in these data, and the institute's reports present details by kind of cloth and use. Stocks represent printed yardage, both in cases and open stock.
4
Compiled by the 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 on stocks, and there has been a further variation in the production reports; but being on a percentage basis, they are
comparable. Stocks are as of the last Saturday of the month. Monthly data from 1922 through 1926 may be found in the Record Book of Business Statistics, Textile Section,
page 47.
6
Compiled by the Ocean Pearl Button Manufacturers' Association from reports of 9 members, estimated to represent about 75 per cent of the industry. Figures represent 4-week totals, the extra week being omitted in 5-week months to insure comparability. Details by sizes are given in the association's reports, stock figures being
presented also by patterns. Production represents buttons polished.
6
7 months' average.
7
5 months' average.

731°—28




3

34

Table 12.—SILK, RAYON, OTHER TEXTILES, AND FUR*
SILK

Thous.
of Ibs.
1919
1920
1921
1922
1923
1924
1925
1926
1927

mo. average__mo. average. _.
mo. average.. .
mo. average__.
mo. average__mo. average
mo. average-- .
mo. average...
mo. average__.

At Broad NarAt
ware 2 mfg. 3 looms row
houses plants
iooms

Per cent of active
hours to total

Bales

Dolls, Thous.
perlb. of dolls.

Long
tons

Thous.
of Ibs.

Thous. Thous. of linear
of Ibs.
yds.

62. 6
72.5
69.5
97.9
88.5
78.6

27, 274
33, 817
20, 416
22, 815
26, 613
24, 691
25, 854
25, 063
25,300

36, 880
47, 628
39, 595
43, 436
49, 873
47, 971
52, 151
49, 915
47, 473

56.2
58.1
60.4
62.6

89.4
89.1
81.2
79.7

700
852
1,718
1,518

1,397
1,074
1,074
1,022

1.45
1.45
1.45
1.50

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

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

3,206
3, 398
4,275
3.559

87. 3
83.0
89.7
86.8

61.6
56.6
53.8
51.9

76.5
67.3
74.9
73.4

1,799
1,311
1,220
1,528

1,366
1,405
1,654
1,052

1.50
1.50
1.50
1.50

30, 569
23, 115
19, 030
23, 768

62, 760
61, 287
35, 286
71, 417

22, 100
25, 967
26, 530
24, 282

81.9
84.2
88.4
93.0

50.8
54.2
53.3
51.8

77.1
77.6
77.8
79.6

1,129
1,386
1,285
1,764

1,875
1,674
1,680
2,549

1.50
1.50
1.50
1.50

$1, 220
1,133

18, 284
16, 705
25, 089
23, 862

47, 528
41. 677
40, 186
35, 483

26, 700
27, 567
23, 096
24, 369

94.6
99.1
98.8
88.5

50.7
50.6
52.5
49.8

77.3
79.1
67.7
64.2

1,366
1,146
1,080
844

2,915
3,048
3,263
3, 164

1.50
1.50
1.50
1.50

1,159
1,374
1,627
1,332

42, 088
41, 127

23, 523
24, 746

90.8
97.4

56.7
55.4

66.9
57.1

902
710

3,128

1.50
1.50

1,415

15, 283
15, 176
18, 484
20,051
27 732
24, 043
22, 078

1937
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

May
June
Julv
August

7,322
7,404
6,225
9, 347

45. 486
41,312
41, 039
47, 042

35, 527
37, 024
43, 841
56, 618

18, 984
18, 086
16, 002
22, 218

September. _
October
November
December _ _

7,625
7,942
5,899
7,541

50, 107
47, 827
46, 947
43, 357

58, 986
62, 366
52, 069
53, 540

1928
January
February.
March.
April

7,405
6,657
6,725
6,561

52, 420
50, 679
52, Oil
41, 258

9,133
6,174

46, 367
46, 051

1
9

59. 3
73.5
72.5
88.7
84.8
87.0

9

42. 1
55.1
47.8
59.5
62.3
55.9

9

Thous. of
dolls.

|

$4.77
4.66
2.67
2.80
2.80
2.11
2.00
1.81
1.49

51,312
21,315
32, 350
33, 367
37, 464
44, 819
36, 814
46, 768

September
October
November
December

Imports *

Sales
by
dealers 8

UnPyrox- Ship- filled
ylin ments orders,
spread billed end of
mo.

15
2G3
385
320
ic 818
268
645
1, 863
1,485

18, 558
27, 887
30, 635
29, 868
30, 592
41, 779
41, 796
45, 948

May _
June
Julv
August

Thous. of
Ibs.

Shipments

FUR

Pyroxylin-coated
textiles 1
(artificial leather)

Burlaps

96
154
306
174
326
143
583
839
1,351

4,627
3,305
4, 361
4,872
5, 163
5,050
6,400
6,472
7,198

_

Spinning
spindles

Elastic Fibers
(unwebbing « mnfd.)

Price, wholesale 5

DelivImports l

Im-

Machinery
activity *

Stocks, imported,
end of month *

Stocks, end of
month
YEAR AND MONTH ports * eries 2

OTHER TEXTILES

RAYON

9

2, 482
2.201
2, 438
2,900
3,559

9

2, 050
1,630
2,018
2,256
2, 724

9

2, 469
1,577
1,698
2,045
2,701

$12, 029
13, 624
14, 227

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

2.486
3,410
2,781
2, 995

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

3,854
4,358
3, 246
3,581

2,930
2,964
2}545
2,749

2,768
2,671
2, 415
2,387

17, 551
14, 136
10, 959
13, 694

40, 337
37, 396
29,569
44, 451

3,600
3,042
3,092
3,502

2,901
2,649
2,382
2,785

2,421
2,426
2,678
2,979

13, 644
8,843
8,115
8,713

39,268
28, 493
32, 882
23, 682

48, 922
66, 102
63, 901
62, 050

4,068
4,752
5,670
4,636

3,051
3,654
4,469
3,705

3,588
4, 715
4,499
3,817

7,081
13, 919
14, 572
11, 113

21, 846
19, 672

58, 124
56,913

5,422
5,123

3,991
4,274

4,005
4,228

12,905

1
11

* Monthly data from 1909 through 1926 on items in this table, if available, and monthly averages from 1913 through 1918 on all imports and rayon data may be found
in the Record Book of Business Statistics, Textiles Section, pp. 41 to 47.
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
of Foreign and Domestic Commerce. Silk imports are a total of unmanufactured silk, including raw silk, cocoons, and waste. Unmanufactured fibers include flax, hemp,
istle, jute, kapok, manila, New Zealand flax, sisal, etc. Rayon imports are a total of yarns, threads, and filaments.
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.
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
:}he 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.
4
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.
* Compiled by the Silk Association of America, representing average price of bleached rayon, 150 denier, A grade, in the New York market.
6
Compiled by the Webbing Manufacturers Exchange from reports of 19 manufacturers. From 1920 through August, 1928, data were collected from 8 manufacturers
and shown in thousands of yards in the February, 1928, and previous issues of the SURVEY
i Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of from 10 to 16 establishments, the number gradually increasing until 1928, when
these 16 establishments had a monthly capacity on a 24-hour basis of 11,113,074 yards, based on 26 working days. These data represent products manufactured by spreading
nitrocellulose or pyroxylin preparations upon gray goods. 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
other places in the United States and Canada.
9
10 months' average, March to December, inclusive, except for pyroxylin unfilled orders, where a different 10 months' average is used, January and October figures
not being available.
10 8 months' average.




35

Table 13.—COAL
ANTHRACITE

BITUMINOUS
Production

YEAR AND MONTH

United
States

0)

Canada
(2)

Thous. of short
tons

Prices

Consumption

Exports
(3)

By

B
vesBy
sels electric railerr- power roads
ing plants
(6)
ports
(5)
(4)

.y

Thous. of
long tons

Stocks,
end of
By coke
Whole- Retail
mo.,
plants
held by Mine sale, comaver- com- posite,
consumers age posite,
51
United Can(spot) mine cities
(9)
(10)
States ada
run
8
7
u
(")
()
()
( )

Thousands of short tons

Dollars per short ton

Production

0)

Prices
St'ks
end
of
Ex- mo., Whole- Retail,
in
sale,
ports yds.
comcom(3)
of
posite, posite,
deal- chest- chestnut
ers
nut
(12)
(n)
O1)

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

i

1,499
1,150
1,397
1 581
1,774

642
606
620
656
574

1,160
1,412
1, 255
1,263

1, 663
1,497
2,866
1,721
924

461
604
780
629
343

47, 047
40, 307
43, 338
47, 781
43, 317

1, 416
1,136
1,095
1,373
1,451

1, 596
1,272
1,299
2,624
1,341

1937
September
October
November
.
December

41, 928
44, 000
40, 628
41, 277

1,340
1,477
1,753
1,870

1928
January
February
March
_
April

44, 208
41, 351
43, 955
32, 188
36, 624
35, 963

1913 monthly average— _
19i4 monthly average. _
1915 monthly average. __
1916 monthly average1917 monthly average

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

1918 monthly average. __
1919 monthly average. _ _
1920 monthly average. _.
1921 monthly average...
1922 monthly average...

48, 282
38, 822
47, 389
34, 660
35, 189

1923 monthly average.. .
1924 monthly average.. .
1925 monthly average-- 1926 monthly average...
1927 monthly average...

May
June
July
August
September
October
November.
December

$5.44
5.72
5.58
5.61
7.09

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

346
319
295
347
447

7.80
8.00
11.26
10. 68
« 10. 21

8, 236
7,341
7,467
7,539
4, 557

370
370
402
348
197

34
20
44
12

$1 03
1. 14
1 12
1 85
3 25

$7.92
7.89
7.86
8.21
9.28

3,099
4,528

57, 900
40, 400
29, 933
44, 250
38, 583

2.58
2. 59
5.64
2. 55
3.69

9,123
8, 161
8,119
8,428
7,954

7,030
5,415
6, 211
6, 906
6,177

187
242
240

49, 000
49, 000
44,400
42, 714
62, 867

2.77
2.08
2.06
2.21
2,02

$4. 822
4.213
4. 116
4.314
4.264

10.33
9.18
9.07
9.33
9.28

7,778
7,327
5, 151
7,036
6,722

379
299
237
300
249

20
54
42
39
52

$13. 885
13. 911
13. 788
13. 767
13. 298

3,566
3,666
3, 563
3,719

7,661
8,418
7,847
8,198

5,898
6,006
5, 626
5,834

219
223
229
261

61, 900
61, 300

2.08
1.95
1.90
1.90

4.274
4.199
4. 160
4.144

9.20
9.33
9.32
9.31

6,642
7,404
6,902
6,032

290
310
277
226

60
60

13. 353
13. 389
13. 389
13. 389

15. 03
15. 07
15. 07
15.08

319
267
305
306

3,695
3,455
3,472
3, 119

8,304
7,872
8,265
7,436

6,192
5,964
6,548
6,235

257
233
252
243

51, 500

1.84
1.86
1.92
1.74

4.093
4. 069
4.044
4.016

9.21
9.28
9.26
9.20

5,690
5,582
5,497
6,909

233
224
189
182

13. 130
13. 232
13. 207
12. 794

15.08
15.09
15.08
14.64

364
332

3, 118

6,460

266
271

1.73
1.72

3. 986
3.973

8.18
8.72

8,124
5,301

266
209

12. 752
12. 932

14.46
14.61

13

2, 816
3,094
2, 632
2,848

9, 451
7,644
8,006

379
332
362
576
340

3,247
3,130
3,352
3,443
3,491

1,313
1,252
1,121
832

369
351
363
271

1,695
1,403
1,401
1,123

850
796
756
711

1,258
1,338

1,144
1,277

55, 500

48, 300

14

57

42
25

10. 05
11.89
" 15. 04
15. 22
« 15. 11

16
16

15.35
15. 31
15. 17
15. 35
14. 99

__

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.
Detriment of Commerce, Bureau of Mines. Monthly data from 1911 appeared in November, 1924, issue (No. 39), p. 215.
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 U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; bunker coal on vessels engaged in the foreign trade is not included.
* Coal loaded for consumption by outgoing vessels at principal ports compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly
data6 covering the period 1913-1923 appeared in October, 1923, issue (No. 26), p. 61.
Compiled by the 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 the 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
19207appeared 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
Compiled by the 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 1 month, for 1920 and 1924 each 3 months, for 1921 and 1925 each 4 months, for 1922, 6 months, and for 1923 and 1926 each 8 months. Details
from101919 were given in the December, 1926, issue (No. 64), p. 14.
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
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
Compiled by the U. S. Department oj Labor, Bureau of Labor Statistics. Wholesale price of bituminous coal is monthly average based on run of mine as reported by
28 firms, f. o. b. city, while the retail price is average consumers8 price on the 15th of the month, of lump, egg, nut, and mine run, averaged according to the month's.shipments. Anthracite wholesale prices are monthly averages for chestnut coal as reported by 15 firms, f. o. b. city, while retail prices are unweighted quotations on Pennsylvania anthracite, white ash chestnut, on the 15th of the month. From 1913 through 1919 the retail averages for both bituminous and anthracite are for January 15th aad
July1215th only.
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 2 months in 1919, 3 months in 1920, 4 in 1921, 5 in 1922, 8 in 1923, 2 in 1924, 5 in 1925, and 8 in 1926.
13
6 months' average, January, May, June, August, November, and December missing.
14
7 months' average, June to December, inclusive.
15
11 months' average, August missing.
is10 months' average, January and February missing in 1926 and November and December in 1925.




36

Table 14.—IRON ORE AND PIG IRON*
IRON ORE i

Imports 2
(manganese
content)

MANGANESE
ORE

YEAK AND
MONTH

Receipts

PIG IRON
Stocks, end of month

ConsumpShipIm- 2 m e n t s Lake
tion
ports from
by
Erie
mines ports Other furand ports naces
furnaces

Total

On
At fur- Lake
naces
Erie
docks

Furnaces in blast,
end of month 3

Production

Foundry*
Per No. 2, Basic ComFur- Capac- cent north- (valley posite
ity
of
furnaces
pig 1
Merern
total (Pitts- nace) iron
Total chant Total
4
burgh)
iron

Canada s

United3
States

Long
Num- tons per
ber
day

Thousands of long tons

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
3,976
3,073

826
565
732
1,082
1,128
1,089 8 5, 290
833 3,903

1920 mo. av
1921 mo.av
1922 mo. av
1923 mo. av
1924mo. av
1925 mo. av
1926 mo. av
1927 mo. av

51
33
31
16
19
23
29
26

106
26
95
231
171
183
213
219

4,877
1,858
3,551
4,920
3,552
4,507
4,880
4,259

3,736
1,296
2,643
3,639
2,631
3,225
3,52^
3,046

1,104
546
873
1,230
887
1,237
1,305
1,170

1927
January
February
March
April

16
24
23
30

233
193
197
240

None.
None.
None.
1,560

None.
None.
None.
733

May
June
July
August

18
37
28
23

186
232
252
304

7,752
8,459
8,607
8,776

September
October
November.
December

36
15
27
32

225
228
200
132

1938
January
February
March
April

9
18
13
14
16
13

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

May.. -_ _
June
July
August _-

.

_-

September
October _
November
!
December ._. J

Wholesale prices 6

2, 262
2, 560
1,921
2,472
3,253
3,182
3,209
2,549

676
753
560
647
922
929
863
650

Per
cent

Dollars per long ton

87
87
89
68

252
268
187
230
319
338
352
241

74, 487
84, 005
62, 418
83, .539
106,775
106, 498
106,562
81, 918

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

33, 455
31, 325

« 25, 523
23,546

7,530
7,246
7,244
6,282
7,278
8, 234
7,779

4,531
2,030
3, 355
5,191
3,833
4,564
4,863
4,411

29, 753
33, 330
33, 751
31, 059
31, 639
30, 422
29, 860
32, 245

21,211
24, 512
25, 642
24, 438
25, 076
24, 319
23, 863
26, 281

8,542
8,818
8, 109
6, 621
6, 563
6,103
5,998
5,964

3,035
1,379
2,240
3,338
2, 592
3,034
3,256
3,019

824
246
472
805
621
659
750
740

81
50
32
73
49
48
63
59

287
105
181
277
203
216
221
195

97, 644
44, 040
75, 197
109, 080
84, 772
99, 750
106, 545
98, 415

66.5
25.1
43.2
66.2
50.1
55.1
59.4
53.9

44.88
25.16
26.93
28.15
22.50
21.66
20.63
19.75

42.25
21.74
24.20
25.81
20.24
19.58
18.55
17.70

43.80
24.06
25. 00
27.15
21.87
21.32
21.06
19.35

None.
None.
None.
316

4,524
4,234
5,031
5,019

33, 971
29, 809
24, 809
20, 753

27,279
23, 74S
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
6,136
6,451

2,183
2,418
2,282
2,274

5,013
4,531
4, 294
4,368

22, 971
26, 973
31,331
35, 803

18, 215
21, 922
25, 872
29, 728

4,756
5,051
5,459
6,075

3,391
3,090
2,951
2,947

772
746
788
733

79
69
51
63

211
198
190
187

107, 445
99, 240
93, 700
93, 800

58.3
54.7
52.5
51.7

20.26
19.89
19.76
19.36

18.20
17.88
17.50
17.30

19.89
19.79
19.31
19.00

7,230
6,723
2,000
None.

5,493
4,929
1,831
None.

1,832
1,828
911
None.

4,089
4,024
3,814
3,992

39,296
42, 164
41,472
37, 582

32, 527
34, 952
34, 528
30, 978

6,769
7,212
6,944
6,604

2,775
2,784
2,648
2,696

685
707
710
708

52
38
38
63

179
172
170
169

90,800
88, 300
87, 700
86,835

49.4
47.6
47.4
47.3

19.26
19.26
19.21
19.01

17.06
17.00
17.00
17.00

18.89
18.79
18.42
18.37

251
230
163
225

None.
None.
None.
6

None.
None.
None.
None.

None.
None.
None.
6

4,303
4,395
4,808
4,781

33, 350
29, 003
24, 259
17, 570

27, 062
23, 015
18, 691
14, 388

6,288
5,988
5, 568
5, 182

2,870
2,900
3,200
3,186

715
625
612
630

65
65
78
75

185
187
197
195

96, 640
100, 060
104, 650
104, 015

52.9
53.6
56.8
56.9

19.01
19.01
19.01
19.01

17.00
17.00
17.00
17.00

18.37
18.45
18.40
18.40

211
189

5,363
8,926

2,848
6,199

1,517
2, 613

4,948
4, 667

18, 877
22, 981

13, 942
17, 913

4,935
5, 068

3,284
3,082

631
633

88
97

198
189

106, 145
100, 855

57.7
55.3

18.96
18.51

16.30
15.45

18.18
17.97

8

|
__ __

!

* Monthly data from 1909 through 1926 for items in this table, if available, may be found in the Record Bool: of Business Statistics, Metals and Machinery Section,
pp. 11 to 20.
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 per cent of the total iron ore mined. Receipts
at ports other than on Lake Erie are mostly at Chicago and vicinity and Detroit, the details by ports being shown in the monthly reports of the association, which also
give by districts the consumption data. 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 those ores prior to that date, when they were combined with the manganese content of imported ores.
3 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.
* 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
data5 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.
6
Wholesale prices, except composite average, are averages of weekly quotations taken from U. S. Department of Labor, Bureau of Labor Statistics.
7 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: Iton 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.
s 9 months' average, April to December, inclusive.




37

Table 15.—CRUDE STEEL AND COKE:
U. S. STEEL
CORPORATION 3

STEEL INGOTS

COKE

STEEL PRICES
Production

Production

YEAR AND MONTH

Unfilled
orders, Earnings
end of
month

United States i
Total

Ratio
to capacity

Thous.
of long
tons

Canada 2

Per
cent

Steel
Structural
billets,
Bessesteel
mer
beams
(Pitts- (Pitts-4
burgh)* burgh)

Iron
and
steel 5

Composite

United States ?

finished 6

steel

ByBeehive product

Can-8
ada

Wholesale
price

Ex! ports 9

f

Con- !
nells- 1
f ille 10

! Thous.
of long
tons

Dolls,
per short
ton

73
73
19
67
87
105
126
53

$2.09
2.30
1.79
1.89
3.61
8.15
6.00
4.75

123 j
159 |
165

68
23
38
92
49
71
73
60

10.79
3. 65
7.42
5. 55
3. 53
4.09
4. 14
3.21

177

59

172
170

46
50

3.88
3.70
3. 65
3. 49

3,788
3, 597
3, 658
3, 681

174
166
159
169 ;

50
59
58
55

2 94
3.17
3.04
3.08

150

';

76
69

Thous. of long
tons

Thous.
of dolls.

Dolls,
per long
ton

Dolls,
per
pound

Dolls,
per long
ton

Dolls,
per
pound

4,795
5,907
4,115
5,189
9,722
10, 716
8,635
5,995

$10, 370
11, 432
5, 972
10, 866
27, 798
24, 608
16,613
11,966

$23. 93
25.79
20.08
22.44
43.95
70.78
47.30
40. 54

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

$26. 32
22.92
24.76
40.50
70. 10
56.68
50.32

$0 0171
.0172
.0152
.0163
.0280
.0446
.0379
.0332

2, 799
1,945
2,292
2. 955
2.764
2,540
1,587

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

10, 022
5,331
5,648
6,009
3,993
4,324
3,922
3,397

14, 724
7,727
8,461
14, 971
12, 760
13, 795
16, 588
13, 687

56. 14
34.46
33. 95
41.65
37. 99
35. 45
35.00
33.27

.0284
.0204
.0173
.0242
.0224
.0200
. 0196
.0186

65.59
40.74
37.86
44. 55
40.86
38. 83
38. 27
36.41

.0363
.0269
.0231
.0295
.0284
. 0268
. 0264
.0253

1,709
462
714
1,615
857
946
1,041
584

2,570
1,646
2,379
2.832
3, 326
3, 698
3, 660

787
754
890
779

3, 709
3,431
3,880
3, 708

630
579
467
486

Thous. of short tons

j

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

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

1920 monthly average. _ _
1921 monthly average _
1922 monthly average
1923 monthly average. _ _
1924 monthly average
1925 monthly average
1926 monthly average. _ _
1927 monthly average

3,407
1,602
2, 881
3,624
3, 068
3 678
3,911
3,617

____

-

94
76

106
130
140

92
56
41
74
54
63
65
76

9

|

199

;

|

1927
January
February
March
April

3,790
3,812
4 535
4,127

79
86
91
86

59
56
107
109

3,800
3,597
3, 553
3, 456

13, 513
14, 943
17, 129
15, 450

35.00
33. 00
34. 00
33.25

O'?00
.0195
.0190
.0190

37.76
37.01
36. 82
36.76

.0262
.0256
.0255
.0255

May
June
July
August

4,047
3,496
3,204
3,499

85
73
70
70

97
60
55

3,051
3,053
3,142
3,196

15, 566
15, 024
13, 809
14, 289

33. 00
33.00
33. 00
33.00

.0190
.0185
.0178
.0180

36.76
36.62
36.43
36.24

. 0254
.0254
.0253
.0253

3,269
3, 316
3,127
3,176

68
69
65
66

54
56
81
96

3,148
3,341
3,455
3,973

13, 276
11, 870
9, 625
9, 753

33.00
33.00
33.00
33.00

. 0183
.0180
.0175
.0180

36.22
35.75
35.39
35.10

. 0251
.0248
.0247
.0246

457
419
379
377

3, 603
3,720
3,500
3, 646

157 ;
177

63

3.00
2.91
2.83
2.79

3,991
4, 045
4,508
4,303

81
86
89
91

84
99
118
113

4,276
4,398
4, 335
3,872

11,900
13, 581
15, 453
13, 927

33. 00
33.00
33.00
33.00

.0180
. 0185
.0190
. 0190

35. 27
35. 57
35.81
35.67

.0247
.0252
.0254
.0251

376
390
449
377

3, 897
3,233
4,065
3, 925

182
169
182
174 ;

65
76
74
62

2.78
2.71
2.72
2.74

4,203
3, 743

83
76

118
117

3,417
3, 637

16, 647
16, 359

33.00
32.25

.0188
.0185

35. 55
35. 34

.0249
0°48

376
299

4, 100
3,961

193 |
195 j

89
126

2.70
2.80

September
October _
November
December

_
_

1928
January
February
March
April
May
June
July
August

September
October
November
December

1

158 :

1

i

!

"

II"

i

1

* Monthly data from 1909 through 1926 for items on steel in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section,
pp. 21, 22, 25, and 26.
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
annual capacity as of Dec. 31, 1927, of 58,627,910 long tons of Bessemer and open-hearth steel ingots, the figure for a year earlier being 57,230,350 tons. Beginning with 1927,
crucible and electric ingots are excluded, but these items represented only a fraction of 1 per cent of the total.
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.
4
Average of weekly prices from U. S. Department of Labor, Bureau of Labor Statistics.
&
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 an average of 14 different quotations.
6
The figures for composite finished steel compiled by the American Metal Market represents the daily average price per pound 9f steel products weighted as follows;
254-pound bars, l^-pound plates, Impound shapes, 1^-pound pipe, iH-pound wire nails, 1-pound galvanized sheets, and Mi-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.
e
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.




38

FABRICATED
STRUCTURAL, STEEL 1
New orders
YEAR AND MONTH

Computed
total
Short
tons

1919 mo
1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo
1925 ino.
1926 mo.
1927 mo.

av
av
av
av
av
av
av
av
av

Shipments

Per
cent

Short
tons

54
54
35
64
65
68
72
67
68

221, 408
251, 248
268, 200
241, 250

1926
September
October
November
December

216, 000
230, 400
223, 200
255, 600

60
64
62
71

1927
January..
February
March
April

195, 000
243, 750
232, 500
262, 500

May
June
July
August

Per
cent

STEEL
BOILERS 3

Short
tons

Per
cent

Short
tons

New orders

Unfilled
ord- Exports,
ers,
total
end
mo.

$1,936
2,236
2,619
2,592

2,450
2, 553
2 734
2,934

2,420
2, 615
2, COS
2,802

1,179
1,390
1,492
1,490

2,731
2, 686
3,081
2,849

1,419
1,542
1,516
1,517

1,355
1,366
1,778
1,569

15, 421
18, 648
8,920
13, 367

1,312
1,270
1,235
1,054

45
62
59
63

11, 101
25, 532
25, 226
22, 095

53
43

14, 849
11, 280

Imports,
total

Long tons

Thousands of dollars

$1, 335
1,941
1,250
1,432
1,811
1,909
2,279
2, 616
2,563

Rel. to
Jan.
1921

$374
483
639
671

362, 920
405, 644
182, 661
167, 515
167, 565
150, 580
146, 881
180, 587
181, 748

26, 854
34, 546
10, 075
64, 115
59,961
38, 868
69, 836
77, 803
46, 076

122
157
139
143
167
191

$567
557
611
605

$46
285
123
205
364
466
578
612
613

1,614
1,687
1,547
1,556

588
640
584
622

707
592
574
562

790
745
731
608

182, 071
172, 070
219, 830
198, 189

69, 234
66, 539
60, 214
53, 319

172
181
174
172

2,887
2,771
3,022
2,751

1,728
1,804
1,744
1, 646

556
608
691
678

576
658
690
622

624
675
679
627

215, 235
166, 128
171, 094
192, 339

42, 219
31,908
47, 312
42, 550

169
165
200
199

2,529
2,519
2,040
2,475

2,381
2,369
2,092
2,382

1,598
1,469
1,507
1,412

585
658
565
604

686
639
535
592

731
710
679
669

202, 708
184, 364
190, 502
175, 637

55,836
49, 599
39, 543
51,596

198
202
183
200

1,152
930
1, 125
906

2,219
2,380
2,856
2,741

2,368
2,411
2,476
2,850

1,558
1,574
1,577
1,414

531
619
591
578

608
551
575
619

738
666
651
606

166, 352
170, 255
177, 928
168, 428

46, 573
39, 516
51, 185
55, 070

203
216
186
166

1,042
986
1,247
1,325

872
1,165
1,337
1,295

2,713
2,909
3,169
3,066

3,248
3,296
3,283
2,915

2,000
2,389
2,512
2,360

680
682
832
716

769
741
841
741

680
743
775
794

205, 766
185, 915
221, 935
215, 184

49, 903
36, 861
58, 666
55, 567

157
158
187
187

1,571
1, 609

1,456
1,467

3,213
3,009

3,085
2,764

2,233
1,993

769
720

733
737

753
729

267, 890
262, 052

55, 092
56, 573

204

68
72
75
64

48, 489
29, 028
32, 127
42, 826
41, 476

60
36
37
52
52

25, 285
10, 413
8,261
14, 614
17, 581

284, 400
284, 400
248, 400
255, 600

79
79
69
71

38, 739
44, 974
63, 119
29, 858

49
57
74
35

17, 038
23,094
26 269
9,476

52
65
62
70

195, 000
202, 500
221, 250
232, 500

52
54
59
62

35, 854
59, 643
55, 407
47, 347

45
74
69
59

14, 342
32, 983
24, 127
18, 019

1,021
1,101
1,413
1,548

62
61
92
73

232, 500
258, 750
258, 750
285, 000

62
69
69
76

37, 883
28, 811
35, 434
48, 577

47
36
44
60

10, 855
7,402
17, 199
29, 691

71
77
63
70

270, 000
251, 250
247, 500
240, 000

72
67
66
64

38, 662
47, 090
27, 341
35, 658

48
58
34
44

210, 000
266, 250
258, 750
236, 250

56
71
69
63

210, 000
236, 250
232, 500
243, 750

56
63
62
65

35, 787
49, 820
46, 840
50, 347

311, 250
303, 750

May__
June
July
August

Shelving

Unfilled
Ship- New orders, Ship- New
ments orders end m'ts orders
mo.

Num- Thous.
of sq.
ber
feet

262, 250
288, 750
236, 250
262, 500

1928
January
February
March
April.

IRON AND
STEEL «

Business group

232, 500
228, 750
345, 000
273, 750

__

STEEL FURNITURE <

New orders

Total
RaRatio to Com- tio to
Ra- Storca- puted
ca- Quan- tio to age
pactotal pactity
ca- tanks
ity
ity
pac.

143, 640
149, 040
99, 050
194, 560
203, 580
220, 050
248, 394
240, 900
255, 292

September
October
_
November
December

FABRICATED
STEEL PLATE 2

IRON, STEEL, AND
HEAVY HARDWARE SALES e

Table 16.—FABRICATED STEEL PRODUCTS

83
81

262, 500
270, 000

70
72

42, 376
34, 278

7

1,329

1,311

7

$1,256
1,541
1,694
1,586

7

7

September
October
November
December
i

*Monthly data from 1909 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section, pp. 27,28,
32, 33, and 35.
1 Fabricated structural steel data compiled by the Bridge Builders and Structural Society up to April, 1922, and since then by U. S. Department of Commerce, Bureau
of the Census, including reports from the Central Fabricators' Association. Percentages of capacity calculated from reports of the Bridge Builders and Structural Society up to
April, 1922, and applied to estimated total capacity each year based on a special annual survey by the Bureau of the Census. Beginning with April, 1922, reports received
from 229 firms (and in addition 27 firms now out of business) with a total capacity of 250,140 tons in 1922, 256,440 tons in 1923, 268,795 tons in 1924, 285,190 tons in 1925, 293,580
in 1926 and 306,235 tons in 1927 have been prorated to the estimated total capacity of the United States, 304,000 tons in 1922 and 312,000 tons in 1923, 326,000 tons in 1924,
347,000 in 1925, 360,000 in 1926 and 375,000 tons in 1927 and 1928, for comparison with previous figures. Monthly data from 1922, revising the figures shown in the Record
Book of Business Statistics, appeared in the March, 1928, issue (No. 79), p. 21.
2 Compped by the U. S. Department of Commerce, Bureau of the Census, from reports of 36 identical firms, including reports from the American Erectors Association*
Reports from most of the larger fabricators are included in the figures. 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.
3
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. Details for the first 5 months of
19274appeared in July, 1927, issue (No. 71), p. 22.
Compiled by the U. S. Department of Commerce, Bureau of the Census, including reports from the National Association of Steel Furniture Manufacturers, and comprising:
data from 33 companies in the "business group" and 15 companies manufacturing shelving, comprising the entire industry, with few exceptions. The "business group"
includes sections, counters, office and vault verticals, safes and interiors, desks and tables, and small miscellaneous articles, exclusive of lockers.
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 fiar the- comparable
items. Imports are identical throughout the period, with a few minor exceptions.
6
Data on the value of sales by jobbers of hardware, compiled by American Steel and Heavy Hardware Assotiafi&n, comprising reports from about 75 firms, estimated
to represent about 10 per cent of the entire iron, steel, and heavy hardware jobbing trade, including Iran.,, steel, motor accessories, and other heavy hardware. Monthly
.data from 1922 appeared in March, 1927, issue (No. 67), p. 26.
? 4 months' average, September to December, inclusive; previous data not available.




39

Table 17.—STEEL SHEETS, BARS, BARRELS, AND WASHERS *
SHEETS— BLACK, BLUE, GALVANIZED, AND FULL FINISHED 1
Production
YEAR AND
MONTH

Total

Ratio
to
capacity

Short
tons

Stocks,
end of month

Per
cent

Total

Unsold

STEEL BARRELS 2

Production
Shipments

New
orders

Unfilled
orders,
end of
month

Number
of barrels

Short tons

Total

Ratio
to
capacity
Per
cent

62.7
72.7
34.9
76.5
79.7
74.2
92.8
90.4
85.3

72, 963
111,906
106, 175
108, 709
129, 728
122, 955
137, 863
162, 234
159, 419

17, 061
5, 590
46, 989
28, 703
35, 336
42, 115
45, 702
50, 085
48, 980

114, 869
172, 161
87, 702
182, 519
230, 823
209, 329
266, 156
282, 835
262, 681

142, 209
140, 844
75, 329
203, 869
213, 583
225. 024
273, 281
266, 361
279, 558

376, 334
689, 853
232, 551
346, 449
450, 750
368, 147
530, 869
530, 595
448, 963

393, 800
503, 888
549, 045
552, 547

1926
M!ay
June
July
August

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

September
October
November
December

307, 459
314, 598
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

1937
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

May
June
July
August

309, 360
300, 706
237, 243
266, 645

98.7
95.9
80.2
80.3

173, 986
168, 155
154, 374
169, 315

45, 670
47, 860
44, 538
54, 553

September
October
November
December

220, 919
245, 765
232, 041
260, 130

«62.6
71.7
65.9
75.9

155, 865
145, 980
145, 644
150, 104

1928
January
Februarv
March
April

316, 541
330, 565
366, 127
327, 909

89.6
98.7
103.0
97.8

349, 367
311, 629

95.6
94.3

av.__
av__.
av_._
av
av
av
av.__
av
av__.

May
June__ . _
July...
August

Stocks,
end of
month

Unfilled
orders,
end of
month

Number of barrels

COLD
FIN.
STEEL
BARS
(4)

Shipments
Thous.
of dols.

Short
tons
1

117, 520
171, 489
85, 409
190, 864
222, 660
219, 836
293, 499
287, 288
273, 940

1919 mo.
1920 mo.
1921 mo.
1922 mo
1923 mo.
1924 mo.
1925 mo.
1926 mo
1927 mo.

Shipments

LOCK
WASHERS
(2)

6

172, 371

43.7
48.4
49.8

384, 723
446, 344
393, 535
504, 384
548, 904
552, 063

49, 845
52, 614
47, 865
55, 658

360, 859
666, 110
1, 034, 755
756, 963
1, 169, 763
1, 448, 140
1,291,056

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

731, 977
581, 993
500, 120
529, 940

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

261, 357
241, 951
345, 900
292, 965

526, 550
513, 002
510, 924
491, 290

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

302, 759
281, 395
252, 034
266, 713

212, 337
224, 321
230, 715
177, 647

439, 067
399, 562
353, 413
312, 662

588, 077
594, 782
578, 223
615, 152

52.2
53.1
51.3
56.2

575, 712
605, 123
576, 602
610, 454

53, 311
50, 518
52,966
52, 474

230, 443
232, 626
224, 789
221, 689

258, 427
234, 358
344, 519
530, 197

350, 117
308, 264
437, 306
745, 393

521, 899
578, 408
- 500, 909
444, 227

47.4
51.6
45.6
40.6

170, 453
169, 918
163, 846
163, 053

59, 508
55, 594
53, 144
53, 853

274, 126
298, 420
359, 532
327, 674

302, 921
266, 210
399, 441
284, 070

694, 197
667, 054
675, 196
571, 761

475, 906
518, 944
636, 855
667, 827

166, 711
151, 606

54, 047
50, 702

326, 324
308, 741

250, 316
318, 902

527, 477
526, 798

696, 281
712, 779

17.4
34.0
38.8

$232

34, 031

1, 788, 194
1, 663, 772
1, 545, 980
1, 365. 555

208
253
302
273

34, 887
39, 408
48, 032
39, 897

62, 435
52, 094
53, 715
57, 413

1, 197, 894
1. 198, 839
1, 346, 688
1, 106, 604

275
271
213
228

37, 379
36, 822
30, 605
30,300

525, 374
572, 893
497, 345
454, 638

53, 938
59, 453
63, 017
52, 606

1, 124, 437
1, 000, 559
845, 789
1, 308, 365

203
199
174
183

27, 860
27, 656
27, 026
28, 497

43.7
46.2
55.1
57.5

474, 159
514, 362
644, 521
661, 949

54, 353
58, 935
51, 269
57, 147

1, 351, 797
1, 417, 627
1, 343, 583
1, 276, 994

219
236
293
270

45, 010
40, 354
39, 957
35, 971

59.8
61.4

694, 843
717, 496

58, 585
53,868

1, 257, 117
1, 159, 756

282

39,431

September
October
November
December
*Monthly data from 1917 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section, pp.23,
24, and 34.
1
Compiled by the National Association of Flat Rolled Steel 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
464,000 tons in April, 1928.
2

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, from 14 to 23 members of the institute, no data being
collected from November, 1923, to November, 1924, inclusive.
3
Compiled by the Commercial Lock Washer Statistical Bureau from reports of 7 firms.
4
Compiled by the Cold Finished Steel Bar Institute, from reports of 8 manufacturers, estimated to represent from 60 to 70 per cent of the industry.
5
Due to change in capacity rating, increasing the rated capacities by about 11 per cent, the percentage ratios beginning with September, 1928, are not comparable with
previous ratios.
6
6 months' average.




40

Table 18.—IRON AND STEEL CASTINGS *
STEEL CASTINGS «

YEAR AJSTD MONTH

Total

Short
tons

1921
1922
1923
1924
1925
1926
1927

Production

Ratio Shipto ca- ments
pacity

Per
cent

New
orders

Ratio
Total to capacity

1
mo. average __
1
mo. average
mo. average. ._ s 62, 971 « 58. 5 s 57, 300 s 44, 621
46.0 47, 951 45, 795
mo. averagfe
49, 201
54.7
mo. average, _ _ 57, 829
54, 747
51,037
54.3
mo. average. __ 55, 945
53, 405
47, 543
94,663
49.9 47, 029 44,002
mo. average..- 49, 139
80, 393

1926
September
October
November
December..

Miscellaneous

Ratio
Total to ca- Railpacroad
ity

Short tons

Railroad

Per
cent

Short tons

New orders

Per
cent

68
56

35, 585
30, 888

59, 078
49, 505

32, 534
83, 114
96, 966
83, 136
81, 479
86,315
76, 567

Meltings
Ratio
to
normal

MiscelProlaneous duction Actual
Long
tons

Short tons

Kects. of iron

Production

OHIO FOUNDRY IRON <
TRACK
WORK

Total stocks,
end of mo.

MALLEABLE CASTINGS 1

Per cent of normal
meltings

26
68
75
62
60
62
53

14, 370
43, 480
46, 540
43, 090
35, 304
33, 745
32, 009

18, 164
39, 634
50, 426
40, 046
46, 175
52, 569
44, 559

17, 639
12, 781
14, 283
16,417
13, 386

6 7, 791 020.7
51.8
12, 183
20, 502
73.8
19, 022
67.6
18, 632
77.8
17, 660 81.9
15, 397
81.9

93
89
85
91
91
99

37
58
52
66
71
73

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

82, 625
82, 800
88,514
84? 729

59
59
64
61

24, 424
26, 915
25, 024
29, 591

58, 201
55, 885
63, 490
55, 138

69, 495
77, 549
73, 234
89, 805

50
56
53
65

22, 761
28, 980
28, 678
39, 881

46, 734
48, 569
44, 556
49, 924

15, 159
15, 568
12, 225
14, 549

15, 427
14, 365
21, 009
18, 270

85. 8
81.3
86.0
82.4

101
87
82
99

85
58
82

1927
January
February
March
April

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

87, 086
88, 915
102, 836
94,677

60
62
71
66

34, 037
35, 322
41,232
39, 189

53, 049
53, 593
61, 604
55, 488

107, 779
94, 683
90, 041
81, 044

75
66
62
56

53, 461
41, 355
34, 680
32, 279

54, 318
53, 328
55, 361
48, 765

12, 969
13, 678
19, 216
17, 081

13, 613
13, 101
20, 389
19, 189

71.3
84.6
96.6
90.6

91
105
96
99

62
74
84
79

May
June
_ _
July
August

53, 698
53, 843
44, 142
47, 166

53.4
53. 6
45.0
47.4

53, 501
51, 306
44, 347
46, 306

46, 119
42, 885
43, 136
39, 897

86, 942
87, 767
79, 726
87, 004

60
61
55
60

35, 236
34, 596
32, 576
32, 397

51,706
53, 171
47,150
54, 607

72, 744
90, 898
74, 246
63, 528

50
63
52
44

28, 946
39, 455
31,011
21, 144

43, 798
51, 443
43, 235
42, 384

16, 768
14, 557
13,217
13, 387

20, 117
15, 891
10, 761
17, 559

86.5
84. 1
72.3
86.8

111
99
94
82

86
83
64
71

September
October
November
December-

41, 155
43, 074
38,210
44, 781

41.9
45.0
40.4
47.3

42, 500
38, 433
35, 735
40, 269

35, 492
37, 477
32, 925
45, 920

70, 024
62, 409
59, 008
58, 346

49
43
41
40

25, 618
21, 947
19, 146
19, 358

44, 406
40, 462
39, 862
38, 988

52, 351
51, 748
62, 694
77, 076

36
36
43
53

18, 396
16, 625
27, 639
39, 112

33, 955
35, 123
35, 055
37, 964

10, 999
9, 914
9,706
9, 139

13,298
14, 207
15, 647
10, 994

81.6
77.2
80.0
71. 6

117
88
104
105

82
60
74
58

1928
January
February
March
April

50, 096
54,031
57, 649
52, 004

41.9
62.3
67.6
61.0

44, 458
49, 253
58, 254
52, 383

49, 251
51,414
56, 634
50, 296

74, 082
87, 323
93, 521
85,669

51
60
65
59

28,714
37, 719
38, 448
32, 619

45, 368
49,604
55,073
53,050

91,072
90, 677
83, 285
83, 737

63
63
58
58

41, 276
41, 096
30, 992
32, 810

49, 796
49, 581
52, 293
50, 927

9,332
11,371
15, 058
13,511

13, 977
15, 270
13, 355
19, 039

86.8
100.0
110.0
108. 0

129
135
149
143

88
105
115
115

56, 412
56, 259

66. 0
63.3

53, 222
54, 937

50, 489
48, 132

92, 948
90, 202

64
63

36, 599
30, 742

56, 349
59, 460

86, 414
70, 762

60
49

34, 995
22, 597

51,419
48, 165

14, 141
13,716

13, 887
19, 382

103.3
105. 0

150
147

106
99

May
June __
July
August

__

__

September
October
November
December

.

j

i!

i

!

i

* Monthly data from 1909 through 1926 for items in this table, if available, may be found in the Record Book oj Business Statistics, Metals and Machinery Section, pp.
28 to 31.
1
Compiled by the TJ. S. Department of Commerce, Bureau oj the Census, representing reports from 130 identical establishments, covering most of the industry. New
orders, however, are furnished by only 122 firms.
2
Compiled by the U. S. Department of Commerce, Bureau of Hit. Census, from reports of 129 identical firms, including reports collected through the Steel Founders'
Society. These firms have a monthly capacity of 145,600 tons, at present representing over 80 per cent of the capacity of the industry for commercial castings (as distinguished from castings used in further manufacture in the same plant), of which 67,300 tons is usually devoted to railway specialties and represents the complete capacity
of that branch, while 78,300 tons is generally devoted to miscellaneous castings. New orders for 1925 were 6 per cent larger than the production of direct steel castings manufactured for sale and interplant transfer by steel works and rolling mills and represented 93 per cent of the total of these direct steel castings and of steel castings manufactured in the foundry and machine-shop industry, according to the census of manufactures for 1925. Railway specialties include such items as bolsters, sidearms, draft arms,
couplers, and cast-steel car wheels. Owing to reports from additional firms, these figures represent revisions of those shown in the Record Book of Business Statistics,
Metals and Machinery Section. The revisions in detail appeared in the March, 1928, issue (No. 79), p. 20, including annual averages from 1913 through 1920.
3
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.
4
Compiled by the Ohio State Foundrymen's Association, from reports of from 40 to 70 gray iron foundries in Ohio. Owing to the varying capacity of the firms reporting
each month, from 17,000 to 32,000 tons, the data on stocks and receipts have been converted to a percentage basis for better comparison. Details as to class of receipts and
stocks are shown in the association's reports.
5
7 months' average.
6
10 months' ave:




41

Table 19.—CAST-IRON PRODUCTS
CAST-IRON BOILERS ANI> RADIATORS 1
Bound Boilers
YE ATI AND
MONTH

ProShipduction ments

Square Boilers

New Stocks,
orders end of
mo.

Pro-

duction

Shipments

New
orders

GAS-FIRED BOILERS 2
Radiators

Stocks,

end of
mo.

ProShipduction ments

Thousands of square feet of heating
surface

Thousands of pounds

Pro- Stocks, \
duction end of j
mo.

Shipments

New Stocks,
orders end of
mo.

Dollars

Thousands of B. t. u.

i
16, 848
18, 126
19, 526

12,670

11,939

12, 623
13. 486
14, 519
14,786 \

12, 304
13, 769
14, 349
13,503

13 426
18, 604
15 788
16, 512

17 121
19,848
16 455
14, 825

89, 567
93, 198
102, 007
108, 944

15, 342
15, 360
15, 740
16, 366

20, 538
18, 214
27, 904
33, 187

110, 533
114,515
111,713
105, 071

31, 888
35, 354
27, 777
19, 932

37, 305
28, 170
28, 255
14, 156

20, 658
21, 331
25, 437
20, 442

13, 105
13, 527
13, 132
16, 164

108, 721
114,432
114, 224
113, 776

21, 367
25, 561
21, 225
26, 966

20, 340
25, 917
17, 740
11, 346

113,561
104, 301
99, 284
95, 453

11, 009
10, 620
10, 407
9,280

11,511
10, 566
11, 238
9,554

12, 166

14, 888

1923 mo. av.
1924 mo. av
1925 mo. av
1926 mo. av_.
1927 mo. av__

19, 444
20, 445

16, 177
17, 339
18, 935
20,412
18, 900

1935
September
October
November...
December

18, 830
24,310
19, 810
19, 715

23, 674
28, 889
22, 920
17, 407

1926
January
February
March
April

19, 087
21, 240
23, 549
24, 380

13, 087
12, 928
14, 288
17, 340

13, 278
14, 150
19. 987
19, 974

May
June
July
August

20, 660
20, 982
17, 058
18, 174

18, 881
16. 883
20, 882
27, 393

September. _.
October
November...
December. __

22, 359
17, 676
15, 914
12, 245

1937
January
February
M~arch
April

17, 652
18, 753
20, 903
20, 596
23, 189

16, 641
17, 354
20, 480
21, 561
21, 455

21,344
27, 889
20 854
21, 378

29, 062
31, 528
24 571
18, 832

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

20, 056
18, 162
23. 157
29, 858

104,
109,
107,
102,

917
243
171
913

20, 933
20, 655
18, 257
21, 444

19, 181
16, 502
23, 991
30, 249

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

17, 164
20, 202
27, 669
23, 719

12, 692
16, 130
15, 864
19, 352

10, 604
15, 276
19, 404
17, 827

82, 765
89, 880
101, 393
106, 225

M!ay
June
July
August

23, 128
25, 078
19,011
22, 311

20, 992
19, 064
18, 911
22, 588

23, 086
23, 568
20, 442
20, 781

September...
October
November
December

22, 733
19, 865
14, 437
10, 023

22, 311
25, 734
19, 972
13, 185

1938
January
February
March
April.

9,037
13,341
15, 631
12, 452
14, 232

MayJune
July
August

20, 917
18, 844

93, 973
103, 668

22, 729
20, 973

97, 756
103. 818

I

$91, 729
191, 112
225, 233

16, 325
13, 717

43, 024
52, 775

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, 915
46, 519

99, 982
87, 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

18, 539
18, 509
22, 581
29, 268

21, 439
25, 554
25, 999
26, 518

106, 933
113, 210
113, 905
111, 962

14, 797
16, 242
13, 577
16, 828

12, 965
11, 756
14,3QiO
17, 904

15, 810
11,946
15, 775
18, 606

60, 439
60, 313
59, 692
58, 610

29, 682
24, 758
22, 575
18, 265

30, 687
31, 156
29, 156
21, 637

25, 112
30, 400
24, 812
16, 781

111,499
110,647
101, 990
97, 619

17, 453
14, 088
11, 251
11, 539

17, 304
18, 156
17, 540
13, 193

15, 768
19, 683
16, 154
11, 772

58, 887
55, 030
49 302
53, 793

79, 400
81, 894
87, 666
90,529

24, 743
29, 068
36, 544
28, 994

19, 292
18, 099
16, 474
15, 787

18, 230
19, 466
17, 006
15, 582

120, 522
131,341
151, 678
164, 514

12, 581
14, 774
18, 039
13, 651

10, 661
9,357
7,994
7,541

9,990
12, 139
8,792
8,928

48, 714
54, 353
64, 467
70, 845

96, 589
128, 824
177. 859
161, 976

86, 892
103, 250
147, 845
119, 354

132, 733 846, 845
165, 901 880, 423
217, 385 923, 617
161, 317 983, 786

91, 098

34, 790

20, 268

29, 021

181, 972

16, 513

9,730

13, 572

77, 926

162, 167

122, 843

164, 434

1

993, 425

September...
October
November
December
1
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.
2
Compiled by the Gas Heating Boiler and Furnace Association from reports of 8 manufacturers of industrial gas-fired heating boilers, estimated to represent about 75
per cent of the industry. The annual shipments for 1925, 1926 and 1927 include furnaces as well as boilers, but furnaces form only a small proportion of the total.




42

Number of machines
1919 mo.
1920 mo.
1921 mo.
1922 mo
1923 mo.

average. _
average
average
average
average

1924 mo. average
1925 mo. average
1926 mo. average
1927 mo. average

1926
September
October
November
December
1937
January
February
March.
April
May
June
July
August
September
October. _
November
December

1928
January
February
March
April .

254, 075
225, 891
239, 463
266, 358
259, 654

60, 741
73, 506
85, 754
78, 709

51, 005
61, 073
70, 307
64, 638

1,446
1,510

6, 566
6, 985

216, 148

93, 801
89, 645
81, 394
82, 263

76, 308
75, 459
69, 654
70, 340

1,478
1,348
1,195
1,015

7,534

67, 214
74, 563
81, 522
94, 725

55, 319
62, 510
64, 961
78, 993

1,273
1,437
1,811
1,878

4,886
4,975

80, 158
79, 825
70, 260
75, 155

64, 493
64, 892
58, 009
63, 606

1,467
1,482
1, 238
1,595

7, 500
8. 354

84, 795
86, 922
79, 422
69, 945

70, 227
71, 570
64, 082
56, 999

1,674
1, 743
1,414
1, 106

8,211
8, 365

68, 840
74, 830
90, 770
86, 772

56, 728
61, 944
74, 610
69, 884

1, 268
1,396
1, 956
1,489

6,746
6,076
7,873

88, 164

70, 922

1, 480
1,214

274, 089

241, 698

212, 829

309, 998

252, 373

Thousands of dollars
$1,882
2,674

47, 128
24, 117
35. 244
46, 197

Mav.
June
July
August
September.
October
November
December

Number of units

74, 071
34, 691
48, 203
59, 036

320, 110

mo.

Shipments

$1, 462
2, 543
1,468
1,254
1,753

$6, 076
12, 653

3,073
3,097

5,974
4,631

3, 157
3,201

5,430

3,220

1,252

3, 550
3,871

Relative to 1923-1925 average
||

68
65
57
49
49

65
73
55
49
59

92.1

92.5

90.2

100.8

52
61
53
51

58
63
51
65

89.8
118.2
134.0
141.2

90.5
117.1
132.0
136.9

86.0
123. 7
144, 2
163. 6

86.2
113.0
128.0
132.6

43
40
52
51

30
32
79
63

123. 5
84.7
77.0
83.0

112.4
81.8
68.4
78.3

182. 1
99.8
121.9
104.0

135.7
131.0
130.8
132.0

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
50
46

65
76
47
67

149. 1
167. 6
158. 5
177.6

153.9
176.2
158.5
166.8

124.0
123.0
158.8
234.0

;

145.3
137.7
127.8
126.5

37
57
61
42

34
73
60
33

157. 2
122. 6
87.3
90.7

134.4
112.0
80.0
82.4

277.0
178.0
125.6
133.8 i

116.2
121. 1
123.5
136.0

51
61
52
43

116.0
168. 8
216.0
187.2

117.2
159.4
216.8
184.6

63
42

18S. 7

189.4

109.9 ! 130.7
218.2 136. 5
211.4 143.9
200.6 148.2
1
184.7 1 146.9

49, 804

658

45, 021
58, 845
45, 554
41, 625

614
717
524
1,088

1,212
1,452
1,582
1,432

1,260
1,394
1,552
1,400

39, 254
40, 127
29, 459
39, 495

659
432
510
353

1,468
1,484
1, 462
1, 533

1,703
1,540
1,674
1,541

3,332
3,256
3,029

3,115

2, 992

3, 512

45, 283
46, 921
42, 532
47, 430

608
695
875
776

1, 634
1,390
1,800
1,405

1,112
1,487
1,482
1,565

3,500
3,384

3, 029
3,148

3, 686
3, 525

4, 0<57
3,554

37, 562
43, 322
38, 752
39, 969

967
1,038
1,024
994

1,497
1,374
1,409
1,489

1,511
1, 498
1, 597
1,474

3, 482

4 524
3,137

43, 007
40, 443
36, 130
38, 148

1,492
1,758
1,461
1,370

1,178
1,300
1, 403
1,300

1,221
1,303
1,294
1,255

2, 950
2, 950

3,185

3,092

4,232

3,125

3,170

1, 591
1, 598
2, 578

1,138
1,177
1, 352
1,376

3,504

3,309
3,383

3,229

2,299

1,137
1,346
1, 418
1,504

3,112
3, 260

8,182

51, 822
51, 999
52. 946
42, 990

3,321

45
32
49
45

8,997

40, 190

2, 305

1,428

1,518

3, 239

4,248
4,275

56
24

7, 463
6,310

4,848

5, 896

6,387

7,586
8,601

7,079
5,980

2,676
3,273
3,261

3,350
3,044
3,040

3,729
3,478

3,239
4,330

3,078
3,815

2,792

3, 136

1

__

jj

1
H

Number

1,072
1,406
1,679

fl 51, 566 »738

Shipments
Production

Shipments

Pitcher, Powhand
er,
Unand horiwind- zontal New Ship- filled
type orders ments orders,
mill
end of

Foreign

Electric

Steam, power, and
centrifugal 6

Domestic

Total

Domestic «

AGRICULTURAL
MACHINERY AND
EQUIPMENT 8

PATENTS
GRANTED 7
AgricuStisral
implements
Internal-combustion engines

Shipments
Shipments

PUMPS

Total, all classes

YEAR AND MONTH

SYSTEMS*

WASHING
MACHINES 2

WATER

VACUUMCLEANERSi
(qtly.)

WATER
SOFTENERS 3

Table 20.—HOUSEHOLD AND AGRICULTURAL MACHINERY AND PUMPS

"

|

:

* Monthly data from 1919 through 1926 for items in this table, if available, and annual averages on patents from 1913 through 1918 may be found in the Record Book of
Business Statistics, Metals and Machinery Section, pp. 43 to 46.
1
Compiled by the Vacuum Cleaner Manufacturers' Association from companies representing about 90 per cent of the industry. Annual figures represent quarterly
averages.
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. The association's monthly reports show electric, gas and power, water-power,
and 3hand machines separately.
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 21 manufacturers, covering domestic water softeners. Values of shipments are
given in press releases and appeared in the November, 1927, issue (No. 75), p. 27.
< 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.
8
Compiled through 1926 by the Federal Reserve Bank of Chicago, covering 22 firms in 1922 and 1923 and 19 firms thereafter. Beginning with 1927, these data have been
compiled by the U. S. Department of Commerce, Bureau of the Census, from practically the same number of firms. Details by classes, showing units and values as between
domestic and foreign shipments, are shown in monthly press releases.
6 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.
7 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 (Nt). 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."
s 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 of Chicago.
«11
 months' average.



43

Table 21.—INDUSTRIAL MACHINERY
FOUNDRY
EQUIPMENT i

Unfilled
New Ship- orders,
orders ments end of
month

YEAR AND
MONTH

STOKERS 2

Sales (new
orders)

MACHINE
TOOLS 3

ELECTRIC HOISTS *

ShipUnNew orders
ments
New Ship- filled
ororders m'ts ders,
end
Value
mo. Qty.

No.
of
hoists

ELECTRIC
OVERHEAD
CRANES 5

UnUnCan- filled
Ship- New filled
New
or- orders, orders cel- orders,
in 'ts ders end of
la- end of
tions month
month

Relative to average
shipments, 1922-1924

Number

Total
h.p.

Relative to average shipments,
1922-1924

35.7
93.1
132.5
104.7
132.6
141. 1
124.2 7 107. 0 7 105. 2

234
183
73
130
122
94
112
113
115

52, 732
65, 920
27, 262
60, 409
60, 871
42, 857
46, 111
45, 519
40, 300

261
202
38
77
134
94
150 7 153 7290
162
167
294
138
139
227

311
300
274

$167, 929
160, 016
134, 982

1926
September
October
November...
December

114.0
140 5
133.4
181.0

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 1,048 1,016
169, 245
893 1,429
139, 231
978
585
174, 220 1,008
785

1927
January
Februarv
March
April

180.4
198.0
131.1
130 0

75
123
132
103

41, 574
44,536
52, 577
30, 549

123
143
152
126

138
155
158
138

248
234
228
216

262
269
291
284

134, 006
148, 381
144, 305
138, 829

139, 522
704
127, 459
934
139, 528 1,065
138, 510
909

May
June.
July
August

134.8
138. 4
89.9
106.4

113
183
136
160

47, 705
59, 958
41, 504
60, 977

127
139
129
170

135
142
100
118

198
200
216
278

330
285
229
278

171, 192
128,313
105, 103
162, 594

124, 729
129,810
98, 020
128, 331

September
October
November
December

80.4
98.0
95.8
106.8

113.4
97.2
110.4

106.3
105.8
103.5

104
95
67
83

27, 843
27, 222
16, 955
32, 202

106
133
134
169

128
152
149
157

266
231
214
192

300
270
223
272

147, 323
114,835
102, 238
122, 663

1928
January
February
March _ _
April

129.7
123.6
138.6
107.7

116. 4
110.6
147.9
112.5

120.6
132.9
127.1
126.1

75
85
123
88

26, 572
43, 643
43, 425
31, 043

218
201
222
222

149
175
210
219

293
330
376
371

346
399
557
394

335 6
149.1

104.7
129.4

344.5
359.3

130

38, 705
43, 212

205
215

204
193

345
348

462
442

1919 mo. av
1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av_
1925 mo. av_
1926 mo. av
1927 mo. av

May
Juil8

_
_
_

_

166

WOODWORKING MACHINERY «

Dollars

Shipments

No. of
machines

Thousands of dollars

$772
1,415
1,709
1,460
1, 661
1,555
1,253

$67
30
52
47
33
30
15

$1, 899
2,494
3, 705
2,681
2,502
1,925
1,377

$1, 233
1,777
883
1,304
1,659
1, 515
1,601
1, 584
1, 292

4,406
3, 964
3,738

1,436
1,724
1, 369
1,328

24
23
51
25

1,766
1,979
1,753
1, 563

1, 424
1,475
1,502
1,462

1,143
1,199
1,078
1, 159

888
694
750
660

3,971
3, 352
3,042
2,772

1,381
1,401
1,502
1,307

14
14
10
31

1,726
1,814
1,747
1,549

1,230
1, 255
1,570
1,516

985
928
1, 184
1,068

671
801
679
729

487
964
689
483

2,555
2,643
2,746
2,278

1,351
1,146
1,036
1,207

3
10
13
12

1,586
1,305
1,167
1,200

1,282
1,508
1,105
1,214

1,119
1,199
971
1, 089

151, 674
121, 445
139, 066
102, 206

653
764
637
762

684
566
525
586

2, 273
2,117
1,975
1,792

1,182
1,144
1,075
1,305

21
23
12
19

990
975
997
1,470

1,380
1,124
1, 152
1,172

1,093
872
854
881

160, 852
172, 472
260, 222
198, 004

133, 842
166, 920
214, 080
188, 967

432
595
672
659

358
519
704
410

1,735
1, 763
1, 699
1,520

1,145
1,245
1,317
1,329

23
9
21
42

1,456
1, 539
1,438
1,577

1,130
1,147
1, 346
1, 150

920
890
1,064
931

204, 550
181, 205

190, 174
195, 807

547
600

708
573

1,671
1,688

1,985

25

2,058

1,490

1,082

$154, 073
165, 089
128, 358

$574
316
881
785
812
977
776

$226
575
764
742
898
974 7 $4, 036
665
2,626

81,122
1,514
1,144
1, 141
1,210
1,020

Julv
August
September
October
November
December

|

* Monthly data from 1919 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section,
pp. 1 to 42.
40
Compiled by the Foundry Equipment Manufacturers' Association from reports of from 11 to 20 members, 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. The reports for each month are related to the average shipments of the reporting firms for 1922 to 1924 and are thus comparable, despite the difference in number of reporting firms. The association reports give detailed index numbers by sizes of firms but no numerical data,
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). 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, issue (No. 32).
4
Compiled by the Electric Hoist Manufacturers' Association from the reports of 9 firms.
e 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. 6 Monthly data from January, 1925, appeared in the March, 1927, issue (No. 67), p. 26.
Compiled by the Association of Manufacturers of Wood Working Machinery from reports of its members, averaging about 23 each month and varying from 20 to 27.
The total shipments for 1925 represented 48 per cent of the value of woodworking machinery produced that year, according to the census of manufactures. The products
comprised in this classification include band and scroll saws, band mills, band rip and resaws, borers, circular cut-off saws, circular resaws, circular rip saws, combination
saws, dovetailers, gainers, grinders, hand planers and glue jointers, lathes, molders, mortisers, planers and matchers, sanders, sash and door machines, shapers, surfacers,
tenoners, wheel machines, and woodworkers, besides miscellaneous woodworking machinery.
7
3 months' aveiage.
8
6 months' average.




44

Table 22.—ENAMELED WAKE1
BATHS
i YEAR AND MONTH

Ship- Stocks,
ments end mo.

New
orders

SINKS

MISCELLANEOUS

TOTAL
SMALL
WARE 2 I

Ship- Stocks,
New
ments end mo. orders

Ship- Stocks, New
ments end mo. orders

Unfilled
orders,
end mo.

LAVATORIES
Unfilled
orders,
end mo.

Ship- Stocks,
ments end sno.

!

New
orders

Number of pieces

:

1

i

i 1913 monthlv av
i 1914 monthly av
' 191 5 monthly av
1916 monthlv av
1917 monthly av _ _ .
1918 monthly av
j 1919 monthly a v

39, 831

1920 monthly ar
1921 monthly av
1922 monthly av____
1923 monthly av.___
\ 1924 monthly av____
1925 monthly av__._
1926 inont hi y av
1927 monthly a v _ _ _ _
•

123, 163

44, 888
32, 620
45, 768

132, 369
138, 791

3 30, 063
o-l, 6ZZ
73,612 |

35, 107
40,911
93, 033
97, 316
98, 758
115, 841
103, 581
95, 572

326, 490
49, 907
137, 628
253, 957
168, 542
104, 126
71, 230
41, 972

51,438
58, 169
91, 512
110,479
110, 283
127, 356
113, 773
104, 305

43, 302
109, 318
79, 507
56, 408
143, 788
217, 056
236, 642
229, 945

53, 438
56,315
117,222 i
121,891
106,353
131,741
115,065
106, 019

60, 231
66, 458
95, 327
114, 146
120, 381
129, 233
113,638
109, 496

66, 333
111, 764
93, 336
59, 188
154, 896
266, 823
283, 031
268, 582

57, 502
64,577
124, 179
127, 919
115, 485
133, 381
115,666
111,251

31, 062
33, 640
45, 531
57,913
70, 658
62, 289
50, 003
46, 978

47,410
89, 394
68, 400
51, 260
111,138
171, 306
151, 371
133, 868

27, 691
31, 803
60, 931
63, 290
65, 700
58, 535
52, 364
46, 532

952, 334
180, 320
406,291
913, 480
480, 920
250, 646
162, 217
112, 930

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,
126,
117,
127,

732
728
705
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,
135,
137,
144,

971
600
926
564

51, 483
49, 027
42, 243
44, 914

143, 670
105, 664
96, 966
127, 104

83, 117
82, 310
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
117,784
114,302

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,
139,
133,
129,

881
952
431
823

44, 262
43, 349
51, 961
43, 020

117,
118,
115,
102,

104, 953
115, 254
111,294
116, 443

158, 014
139, 463
128, 516
127, 324

109, 224
113, 336
117,720
110, 916

46, 666
45, 479
46, 860
41, 183

109, 206
119, 275
110,826
126, 534

243, 959
219, 007
233, 466
220, 381

116, 205
116, 135
121, 276
126, 027

112,461
126, 875
115,169
131, 752

303, 586
267, 871
248, 458
238, 763

118,391
118, 159
120, 538
131, 053

49, 844
54,481
45, 523
55, 030

135, 726
132, 602
134, 133
127, 827

46, 937
51, 192
49, 560
54, 102

117,488
115, 375
123, 117
120, 949

129,
143,
151,
163,

559
824
673
354

100, 413
85, 368
71, 446
68, 077

43, 703
34, 980
29, 663
34, 173

118, 257
101, 961
79, 630
68, 866

196, 259
197, 121
201,577
212, 004

119, 850
97, 263
77, 309
79, 816

118, 159
117, 303
86, 117
75, 239

222, 824
220, 875
230, 148
239, 022

126, 112
108, 774
85, 933
88,008

50, 616
46,100
41, 106
35, 165

136, 902
134, 307
132, 116
138, 713

50,129
46, 758
38, 779
38, 332

119, 608
99, 514
97, 482
106, 850

71, 041
76,318
95, 818
105, 718

154, 620
164,014
172, 292
159, 892

77, 712
84, 084
124, 016
191, 571

36, 473
43, 321
61, 880
139, 801

85, 942
87, 370
114,558
124, 027

201, 770
217, 543
227, 151
212, 325

93, 364
97, 613
153, 131
209, 744

92, 743
90, 629
119, 596
125, 479

233, 751
262, 380
281,911
268, 699

97, 470
103, 263
147, 261
216, 182

39, 426
42, 545
50, 302
51, 510

131, 077
140, 815
137,416
125, 325

39, 480
46, 694
61,600
73, 455

100, 160
124, 743
185, 255 I
360, 858

125, 522
119,297

135, 793
120, 723

127, 780
113,017

136, 238
121, 061

141,458
131, 623

183,173
173, 898

139,110
138, 113

143, 791
128, 298

239, 678
227, 929

145, 004
128, 368

53, 353
48, 221

113,088
111, 141

55, 012
47, 197

348, 844 i
315, 920

42. 450

40,977
51 181
33, 172
19, 432
34,625

\

Hn 930 !

60, 530
41, 884

3 21, 980
21, 514
69, 872

51, 441 20, 951
41, 510
75, 324
41, 768
74, 814
90, 396 ' 35, 439
95,629
71, 193
110, 400 106, 995
99, 595 156,620
94, 207 156, 297

90, 503
82, 909
102, 284
103, 624

May
June
July
August

September
October
November.
December.. _

1926
January
February
March
April

!

53, 428
57, 789
70, 626
74 293
48,419
32, 846
54, 584

_

__

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

September
October
November
December

1928
Januarv
February _ _ _
March
April
May..
June
July
Au gustSeptember. _
October
November
December
1

97, 129
88, 558
74, 832
58, 025

47,751
49, 527
55. 769

145, 329
124, 873

I

- _- __ .

3 29, 197
33,422
88, 018

34, 655
29, 3G7
40, 887
22, 201
23,331
28, 383

77, 034
79, 129

15, 176
25, 427
42, 671

283, 800

3

617
617
878
664

j

I
j

1

1

II
i

||

Compiled by the U. S. Department of Commerce, Bureau of the Census, beginning with January, 1922, representing complete production as reported by 22 manufacturers, including the membership of the Enameled Sanitary Ware Manufacturers Association, until its dissolution in February, 1928, after which all firms reported direct to
the Bureau of the Census. A few small firms were unable to furnish complete reports prior to January, 1924. Data prior to 1922 are totals of the association reports, estimated to represent about 98 per cent of the industry at that time. Monthly data from 1917 through 1926 may be found in the Record Book of Business Statistics, Metals
and 2Machinery Section, pp. 36 to 39.
Small ware includes lavatories, sinks, and miscellaneous.
3
9 months' average, April to December, inclusive; previous data not available.




45

Table 23.—COPPER AND WIRE CLOTH*
WIRE CLOTH 4

COPPER

Stocks, end mo.1
Un- Make
(N0 and S. America) Price,
World i Domesand
Ingots Pro- Ship- Stocks, New filled hold
orproduc- tic ship- Experts,
electro- i dtic- ments end of orders ders, orders,
tion,
ments,:1 refined 2
Refined 1
mo.
lytic 1 t!on
end
end
Minei Smelter i(N. and S. blister refined
Blister
Refined
mo.
mo.
America)
i
\
Dolls.
Short tons
Thou sands of square f
per Ib.
Frodisetlon

YEAR AND MONTH

1013 monthly average
11)14 monthly average
1*H5 monthly average
l f /^ 6 monthly average
1917 monthly average
] G] 8 monthlv average
1919 monthly average
i 920 monthly average

51 487
47 851
6° 003
g? 573
78 976
79 584
50 514
51, 093

51 090
47 9r"?
57 834
80 327
78 588
79 522
53, 601
50, 378

77, 300
69, 615

1921 monthlv average
i 99,2 monthly average
1 923 monthly average
J 924 monthly average.
1^*95 monthly average
1926 monthly average
1927 monthly average.

]Q 667
41, 154
61. 504
60, 115
70 r78
72, 709
69, 165

23 938
47, 131
69, 478
74, 872
78 944
82, 014
80, 721

44, 766
65, 736
96, 990
108, 361
1J2 692
120, 038
123, 042

52, 179

79. 554
112,971
121, 624
128 406
133, 374
138, 196

38 593
35 003
2* 362
31 906
46 194
30 398
21,413
25, 888

25, 605
45, 829
61. 293
62, 782
69 264
75, 181
68, 737

26. 178
30, 326
33, 859
45, 692
^4 219
39, ?44
43, 631

<CG i '")•'>'"
5 1300 i
1
703 '
2720
2/ U
• ^
2718
2481
18T-Q
1746

297, 928
270. 151
337,
188,
120.
6 128,

989
211
427
918

7 sj9 726

73, 390
96, 728

905 377
1 77", 928
244, 509
6
241, 659
7 248 213
266, 704
254, 895

1250
. 1338
. 1442
. 1303
1404
. 1380
.1292

.

358
438
491
455

501
418
468
420

s

1, 0(;2
1 1^1

1, 070
1,236

\

401
0'-' O

6 398

357
278

383
.-

19S7
January
February. _
March
April _

76 198
69, 202
69, 314
71,12(2

89 719
80, 065
80,965
80,940

133, 110
122, 673
126, 975
125, 796

143
132,
136,
135,

337
870
347
729

76, ^99
67, 564
79, 537
73, 976

^3, 879
37, 184
45, 306
46, 908

93 982
105, 401
103, 072
S9, 256

275
272,
263,
249,

316
757
793
834

1299
.1268
. 1308
.1281

501
468
510
468

424
415
434
400

1, 149
1,143
1, 192
1,263

May. . _ _
June
July
August .

71. 613
69, 539
65, 545
67, 248

82, 132
77, 847
75, 029
78, 245

125, 581
113, 233
118, 133
119, 786

139, 114
134, 243
132, 186
135, 015

69, 779
63, 465
61, 965
71, 73G

38, 394
42, 833
•*2, 592
46, 571

108, 079
86, 360
104, 388
93, 654

242,
257,
250,
253,

074
823
957
886

.1262
. 1237
. 1253
.1297

444
435
418
422

384
431
391
426

September
October
November
December

65, 938
68, 959
68, 080
67, 222

74, 418
83, 551
79, 878
85, 868

119, 100
124, 927
118, 269
128, 923

133, 291
145, 278
141,975
148, 961

71, 578
68, 619
59, 264
60, 862

46, 137
41, 317
41, 199
51, 322

86, 493
83, 882
90, 874
95, 298

246, 517
246, 354
250,014
248, 420

.1294
. 1296
.1332
.1377

409
432
464
492

1928
January
February
March _ _ _ _ _ _ _ _
April

68, 469
67, 423
70, 327
69, 721

77, 429
81, 895
79, 110
82, 087

122, 723
124, 848
128, 972
122, 824

140,
144,
144,
143,

546
546
842
427

64, 824
73, 789
72, 642
72, 234

52, 095
43, 092
48, 210
45, 550

96, 476
86, 932
87, 292
72, 893

237,961
247, 529
242, 418
235, 392

.1385
.1382
. 1385
.1399

73, 729
72 954

85, 745
88 398

129, 236
131,024

153, 414
156, 631

79, 103
81, 436

56, 667
50 261

66, 288
58 809

241, 755
251 488

. 1420
1453

May
June
July
August

.

- -

September ...
October
November.
December

i

397
322

286
275
314
300

341 'r
345
339
358

1, 300
1,292
1,374
1,320

351
392
367
413

220
229
245
256

413
395
417
398

417
446
470
404

1,242
1,187
1,161
1,213

440
476
442
381

265
332
292
316

396
412
366
413

449
435
584
413

425
453
452
405

1,189
1, 150
1, 141
1,147

414
399
400
399

315
297
269
283

441
412
422
438 \

431
400

407
364

1, 134
1, 157

371
310

258
185

402
414 •,
1
i

.- ....

* Monthly data from 1909 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section,
pp. 48 to 50.
1
Compiled by the American Bureau of Metal Statistics, except mine production prior to January, 1921, and smelter production prior to 1923, for which the annual data
of the If. S. Department of the Interior, Geological Survey, have been used for monthly averages, and refined production, shipments, and all stocks from 1919 through 1923,
compiled by the Copper Export Association. Data on mine production represent practically complete primary production of copper in the United States, the 1124 data,
representing 99 per cent of the annual total reported by the Geological Survey. World production of blister copper includes the smelter output of the United States
Mexico, Canada, Chile, Peru, Japan, Australia, Europe (in part), Belgian Congo, and Rhodesia. These countries produced about 95 per cent of the world's production
in 1922; 96 per cent in 1923; 97 per cent in 1924 and 1925, and 98 per cent in 1926. 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. Refined-production data represent the total output of primary refined
copper by refiners in North and South America. Domestic shipments (as distinguished from export) represent the movement of refined copper to the United States
from 12 refineries located in both North and South America. Stocks of blister copper represent holdings in both North and South America, including copper "in
process." Stocks of refined represent holdings at refineries in North and South America.
2
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing refined copper in pigs, ingots, bars, old and scrap, pipes?,
tubes, plates, sheets, and wire, except insulated wire and cable.
'4A Price of ingot copper, electrolytic, New York, based on averages of daily transaction compiled by the Engineering and Mining Journal-Press.
Compiled by the Wirecloih Manufacturers' Association, from reports of 8 manufacturers of brass and bronze wire endless belts for paper manufacturers, and estimated
to represent from 80 to 90 per cent of the industry. Details by sizes are given in the association's report, Make and hold orders are special goods made up and held until.
report.
called for by the paper mills; the goods included in this item are not included in any other items in the te
table except production.
"d
5
11 months' average, January missing.
* 9 months' average. 6 10 months' average.
" 8 months' average, January, February, April, and May missing.




46

Table 24.—ELECTRICAL PRODUCTS

Shipments

YEAR AND
MONTH

New
orders

Stand-

ard

Special

Thous.
of dolls.

1921
1922
1923
1924
1925
1926
1927

mo. av
mo. av_. __ $167, 287
221, 504
mo. av
mo. av
216, 787
mo. av
234, 514
252, 988
mo. av
mo. av
238, 982

1926
September
October
November
December
1927
January
February
March
April
May
June
July
August
September
October
November
December

1928
January
February
March
April
May
June
July
August.

241, 114

2GO, 078

i
243, 652

'
23G, 427

'•
235, 848

i
239, 999

1
244, 917

'

Shipments

High
tension

MOTORS ^
(direct current)

POWER
SWITCHING
EQUIPMENT
(quarterly) 5

1 to 390 H. P.

New orders

New
orders

Shipments

In-

door

Outdoor

Single-pole
units

Dollars

OUTLET
BOXES
AND
COVERS <>

Shipments

Number of
pieces

VULCANIZED
FIBER 7

if 11

^2
EH o

i
i

1
10

$71, 607
125, 447
90, 371
77, 036

10

$217,346 ni31,171
153, 779 35, 091
151, 503 43, 497
142, 807

$723, 692
661, 358
651, 948

97, 335
101, 984
90, 428
71, 715

146, 974
148, 970
176, 583
141, 789

43, 052
829, 355
41, 038 1, 032, 042
44, 518
834, 884
30, 335
576, 794

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,
439,
505,
510,

$844, 597
781, 250

937,
801,
745,
744,

913
036
629
424

566
692, 583
334
731, 426
213 1, 078, 639
736, 082
548

$871,130
770, 695

13, 305
13, 389

11, 948 !2 1, 457, 461
3.6, 417
2, 254, 198

745, 783
837, 214
897, 262
907, 971

15, 520

14,970

15, 486

14, 725

766,
671,
802,
737,

Oil
208
572
349
547
582
866
940

72, 846
96, 438
42, 402
62, 697

(15)
132, 927
134, 550 44, 526
131, 293 400, 398
114, 467 386, 174

496, 592
592, 366
636, 716
929, 872

831, 274
810, 424
736, 679
706, 219

753,
859,
776,
823,

62, 536
74, 230
69, 195
66, 391

119, 744 311, 889 1, 033, 466
940, 563
236, 052 468, 903
679, 369
178, 583 446, 091
564, 775
111, 408 451, 894

820, 652
740, 366
626, 092
864, 562

776, 325
834, 479
630, 628
815, 830

77, 212
65, 809
49, 536
57, 919

115,
110,
131,
116,

394
933
212
516

408, 401
438, 584
444, 804
521, 682

677, 861
683. 664
877, 401
872, 336

569, 883
767, 634
889, 110
730, 979

638, 562
627, 799
782, 185
749, 534

70, 674

133, 524

540, 212

857, 478

805, 824

786, 991

15, 208

17, 500

14, 409

17, 407

12, 039

16,127

11, 901

14, 634

12, 267

14, 234

Consumption

(qtly.)1

ELECTRIC

Shipments

LAMINATED
PHENOLIC
PRODUCTS 3

ELECTRICAL
PORCELAIN a

ELECTRIC
GOODS

$902
743

£* U-H

INDUSTRIAL
REFLECTORS 8

Sales
Units

ELECTRICAL
TRADE 9

Delinquent
accounts

Dollars

EHO

No. of
firms

"$225,106 iU, 518
1,625
202, 557
1,497
201, 689
1,518
186, 770
1,547
196, 747
1,499
2,879 13 147, 498
179, 179
1,518
187, 018
127, 886
2,404

1, 576, 433

913
932
790
731

2,682
2,175
2,643
2,908

145, 161
178, 993
157, 713
137, 486

184, 581
144, 458
144, 985
181, 318

1,419
1,211
1,241
1,438

2, 258, 668
2, 055, 172
2, 093, 021
1, 960, 806

795
732
919
796

2,939
2,371
3,002
2,701

146, 152
122, 359
135, 084
115, 111

180, 048
206, 283
242, 606
247, 479

1,397
1,505
2,040
1,936

2, 332, 608
2, 285, 533
1, 936, 639
2, 645, 760

734
736
719
731

2,465
2,570
2,256
2,461

123, 080
117, 156
107, 384
120, 353

177, 403
175, 069
201, 183
166, 683

1,442
1,526
1,427
1,585

2, 228, 162
2, 577, 732
2, 728, 841
1, 947, 433

739
748
667
596

1,896
2,030
1,929
2,231

125, 802
140, 346
141, 392
140, 415

145, 031
156, 606
148, 358
197, 462

1,320
1,365
1,286
1,381

2, 139, 038
2, 715, 105
3, 166, 488
2, 518, 077

663
685
662
621

2,355
2,442
2,965
2,700

137, 417
118, 363
137, 102
107, 801

184,500
184, 688
213, 043
173, 482

1,361
1,407
1,769
1,485

2, 763, 094

662

3,092

109, 804

196, 243
165, 775

1,488
1,291

September
October _November
December
1
Data compiled by the U. S. Department of Commerce, Bureau of the Census, from quarterly reports by 86 manufacturers of electrical goods. The data include nonelectrical items made by electrical manufacturers and represented 60 per cent of the output of the electrical industry im 1925, according to the census of manufacturers.
Quarterly data from 1922 through 1926 may be found in the Record Book of Business Statistics, Metals and Machinery Section, p. 47.
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), except that beginning with July, 1927, a much larger proportion of the hightension output is included.
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.
5
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.
6
Compiled by the National Electrical Manufacturers' Association from reports of 6 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.
8
Compiled by the National Electrical Manufacturers' Association from reports of 5 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 or outdoors.
» 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 the May, 1924, issue (No. 33), p. 206.
1° 6 months' average,
n 5 months' average.
12
7 months' average.
13 9 months' average.
14
11-months' average, February to December, inclusive.
18
No data available. Data beginning with July, 1928, are not comparable with previous figures, due to the inclusion of additional firms.




47

Table 25.—ELECTRICAL PRODUCTS
POWER
CASLES

FLEXIBLE
CORDS

ELECTRICAL
PORCELAIN
Shipments

WELDING
SETS

PANEL
B'DS
AND
CABINETS
New orders

NONMETALLIC
CONDUITS

YEAR AND Ship- Ship- Stocks,
UnSin- Mul- Shipend of
MONTH
ments ments month Glazed glazed
Shipgle tiple
nail
nail Tubes op- op- ments ments
knobs knobs
erat. erat. (qtty.)

Thousands of feet

1926 mo. av.
1927 mo. av.

3 44, 193 3 51, 631

Thousands of pieces

* 2, 675 4 1, 177 < 1, 326

Thous.
of
dols.

Units

134
135

11
15

$812

1927
January
February
March
April

2,844
2,324
3,391

866
2,011
1,121

1,371
1, 532
1,508

119
138
142
153

16
12
7
12

May
June
July
August

60, 017
58,556

1,502
2,123
635
1,165

1,218
2,107
1,030
1,145

136
139
118
137

12
8
23

823

36, 660
36, 005

3,107
3,358
1,864
2,361

September
October
November
December.

46, 632
52, 494
55, 603
37,764

51, 091
47, 566
46, 332
46, 222

1,897
2,945
2, 134
3,201

755
879
1,092
794

660
1,273
1,361
1,383

133
153
123
129

26
37
11
11

865

35, 082
37, 279
42, 390
37, 853

51, 396
47, 277
44, 958
44, 751

3,363
2,441
1,297
2,207

1,091
1,070
1,381
953

1,127
975
1,087
1,155

128
172
285
239

7
21
31
28

41, 357

45, 145

2,172

1,557

873

238

11

1928
January
February...
March
April

1,776
1,682
1,770
1,860

May
June _ _ __
July.
August

738

821

917

RADIO EQUIPMENT »

ELECTRIC
FURNACES

MANF'D
MICA
Stocks, dealers', end of quarter
Tubes

Un-

fillNew Sfa.p- ed
ord- m'ts orders
ers

end
mo.

Receiving
sets

Loud
speakers

Thous. Kilo- Thousands
of
of
watts
dollars
feet

9,487

Batterries

Socket
power Reunits ceiving

Rectifying

Number of pieces

«80,635 « 72,483 5338,433 «45,543 5580,825 538,011

I --

i

10, 488
8,464
10, 886
10, 365

11,390
9, 359
8 580
9 713

72, 908 67, 141 298, 376 41, 332 523, 839 36, 208

9,235
9,614
9 017
6, 735

88,362

8,085
6,755
8,270
7,860

2,937
3, 892
5, 967
4,161

$309
246

$310
335

8,939

5,668

279

77, 825

378, 489

49,753 637, 810 39, 813

80, 751

71, 078

309, 682

39, 912 643, 539

196

40, 646

September..
October
November
December.
i

* Compiled by the National Electrical Manufacturers' Association, except for data on radio equipment. Data on paper-insulated, lead-covered power cables are reported
by 9 companies, representing about 90 per cent of the industry, details by voltage being given in the association reports. Data on flexible cords are reported by 16
•companies, representing about 75 per cent of the industry; details by sizes are presented in the association's reports. Data on electrical porcelain are furnished by 14
-companies, representing about 75 per cent of the industry; details by package sizes, with price range and averages, are presented in the association's reports. Data on
welding sets are furnished by 6 companies, representing about 90 per cent of the industry; no monthly figures are available for 1926. Details of single-operator variable
voltage sets by ampere capacities are presented in the association's reports as well as the total ampere capacity of the multiple operator constant-potential sets. Data on
panelboards and cabinets are*reported by 9 companies, representing about 80 per cent of the industry. Data on nonmetallic conduits are furnished by 10 companies, reprasenting about 90 per cent of the industry. Electric-furnace data are reported by 9 companies, representing about 90 per cent of the industry; these furnaces are for industrial use only, and are shown in number and value, classified, in the association's reports. Data on manufactured mica are reported by 6 companies, representing about
90 per cent of the industry.
2
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, in cooperation with the National Electrical Manufacturers1 Association,
from reports of about 7,500 retail dealers each quarter. Further details and segregation by States are shown in press releases. Similar data covering jobbers' stocks are also
given in press releases of the bureau.
3
6 months' average.
4
11 months' average.
* Average for 2 quarters.




48

Table 26.—TIN, ZINC, AND LEAD*

Stocks, end of
month
YEAR AND
MONTH

Deliveries

World
visible

Im-

ports,
'bars,
blocks,
U.S.
etc.

av
av
av
av _.
av
av
av

Price, Retorts Pro- Stocks
Straits in oper- duction
ation, (total
(New 1 end
priYork) ^ | 121 on of
tfi mary)

®^

s=I3a

Dolls,
per Ib. Number

Long tons

1913 mo.
1914 mo.
1915 mo.
39J6 mo.
1917 mo.
1918 mo.
1919 mo.

LEAD 3

ZINC 2

TIN*

Price,
Ore
stocks, prone ProJopiiin west- ducdistrict, em (St. tion
end mo. Lou is ) s
i

Stocks, Price, !
ReU.S. pig, de-|
ceipts ; and
silver- <
in U. S.j Mexico, ized
Joplin Utah
end
(New
ore
district
mo. York) 5
Ore shipments

Dolls,
porlb.

Short tons

Dolls, i

Short tons

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

Kl. 0550
. 0506 '
. 1306
. 1204
. 0873
. 0789
. 0099

3 936
3, 464
3 734

100, 830

28, 890
29, 420
40, 793
55, 621
55, 798
43, 160
38, 250

89, 737
36, (523
57, 007
84, 634
76, 748
87, 062
87, 105
79, 561

39, 981
17, 90S
31, 140
44, 267
44, 654
49, 244
53,211
51, 129

40, 443
79, 394
36, 385
20, 042
39, 226
15,720
20, 501
37, 5GO

46, 461
26, 192
44, 426
58, 126
60, 9(55
67, 767
70, 072
57, 420

7,800

68, 063
58, 649
42, 003
25, 521
23, 544
29, 602

. 0775
. 0466
. 0572
. OGf.G
. 0(534
. 0762
. 0734
. Ofi24

39, 436
44, 768
51, 980
56, 503
59,012
57, 273

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,
75,
70,
69,

547
786
045
699

19, 103
26, 287
22, 482
19, 158

. 0741
.0730
.0720
. 0702

. 6931
.6802

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, 835
46, 603
69, 125
71,077

25, 515
29, 202
18, 538
21, 536

51, 296
49,718
47, 627
49, 012

42, 046
43, 858
39, 323
34, 587

44, 222
31, 167
59, 104
61, 749

47, 735
50, 185
49, 217
52, 347

34, 277
36, 223
39, 320
40, 751

55, 308
76, 430
49, 830
54, 586

per Ib. 1

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
3, 880 $0. 4432
1, 700
35 536
. 3570
2,079 ! 4,302
. 3866
. 4348
2. 284
5, 344
. 6165
286 ! 5,302
. 8(580
1, 630
3, 337
. 6554

4, 260
2, 156
4, 788
5, 846
5,344
6, 371
6, 504
6, 041

19, 726
19, 697
24, 683
21, 740
21, 254
19, 538
15, 386
14, 925

3, 322
4, 689
2, 351
2, 016
2, 4-82
5, 016
2, 667 | 5, 745
3, 251
5, 422
2, 890
6, 386
2, 164
6, 424
2.101 I 5,934

105, 684
94, 468
156, f>08

204, 693
136, 639
123,033

$0. 0437
. 0386
. 0407
. 0686
. OS79
. 0750
. 0576

4 496
5, ?64
5, 561
5 683

I

1920
1921
1922
1923
1924
1925
1926
1927

mo. av
inc. av _
mo. av
mo. av
mo. av
mo. a v
mo.av
mo. av

.503G
. 3000
. 3258

. 4271
. 5020
. 5790
. 6530

.M37

.0796 \
.0454J
.0.573 |
. C727

5, 700
7, 805
7 522
8, 336
10. 774
10, 865
8, 675

6 38, 938
21, 181
32, 152
43, 349
48, 459
67, 586
65,532
68, 529

SO, 692
36,317
44, 231
47, 755
53, 902
56, 503
55, 010

55, 966
63, 251
61,045
63, 830

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

. 0666
.0667
. 0669
'.0634

59, 383
54, 151
61, 128
60, 193

10, 812
7,448
10, 164
12, 602

64, 768

27, 984
35. 677
30, 813
24, 934

. 0608
. 0621
. 0623
. 0634

57, 285
58, 391
57, 059
55, 830

28, 806
29, 776
39, 296
43, 147

. 0621
.0600
. 0575
.0572

31, 381

102, 046
100, 706

116,069
156, 878

. OS10
. 0902
. 0842
. 0;)76

'

1926
September
October
November
December
1937
January _ .__
February
March
April
Ma,v
June
July
August
September
October
November
December

1928
January _ _ _
February
March
__ _
April
May
June
July
August

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

6,295
5,965

6, 545
6,720

15, 342
14, 221
15, 441
13, 849

3, 304
2, 484
1, 709
1,704

4, 704
5, 946
6,228

6, 070
5, 735
5, 950
'
6,895

14, 655
15, 638
15,377
14, 487

1, 604
1, 519
1, 984
2,201

6,
5,
5,
8,

029
139
682
560

. 6742
. 6406
.6447

78, 057
80, 047
76,519
76, 851

6, 110

15, 083
14, 684
14, 594
15, 733

1, 973
3,158
2,003
1, 573

4, 938
7,179
4, 876
3, 958

. 6149
. 5850
.5763
. 5849

74, 435
76, 067
76, 627
77, 084

6,005

5, 665
4,535

. 6892

.7031
. 7067
.6847

. 6647
. 6906

!
5,415
5, 790
7, 960
7,010

15, 244
17, 645
15, 586
13, 001

2,518
1, 998
2,078
1,973

5, 335

17, 064
16, 231

3,708

6,950

September
October
November
December

2,148

5, 992
8,138
9,494
7,045
5,050

118,311

.0879
. 0840

120, 054
127, 035

. 0801
. 0786

66, 358
76, 452

56, 345
51, 722
58, 364
60, 134

134, 682
139, 824
145, 766
160, 437

.0758
.0742
. 0758

7,581
5, 194
6,169
8, 540

63, 518
62, 842
63, 114
63, 721

56, 942
53, 060
49, 005
56, 479

175, 230
170, 287
165, 589
162, 866

. 0662
.0641
. 0634
.0668

53, 204
56, 134
57, 703
56, 812

6, 439
7, 864
8,207
13, 079

80, 362
66, 157
70, 752
83, 003

50, 995
53, 017
57, 035
57, 027

160, 134
155, 868
155, 568
156, 280

.0630
.0625
. 0626
.0650

157,417

.0650
. 0633
. 0600

61,305

.5218
.5236

72, 204
72, 444
71, 252
72, 522

52, 414
50, 042
55, 881
53, 493

42, 163
41,290
41, 529
44, 759

37, 612
47, 217
47, 972
51, 579

49, 905
52, 398
59, 746
49, 097

. 0564
. 0555
. 0562
.0576

54, 406
54, 991
58, 031
50, 115

7,463
6, 665
6,424
6,438

75, 855
72, 264
77, 054
58, 401

55, 970
54, 021
52, 150
47, 939

167, 692
173, 411
161, 207

.5154
.4794

70, 260
65, 680

53, 422
50, 825

45, 225
44, 468

50, 630
64, 531

41, 747
32, 266

.0603
51, 481
.0616 | 51,288

6, 352
13, 277

61, 790
77, 074

53, 991

159, 375

. 5564
. 5249

i

. 0713

.0610
.0612
. 0630

"

j

* Monthly data from 1909 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section,
pp. 52 to 59, except for price of Straits tin, which appeared in the June, 1928, issue (No. 82), p. 23.
i 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.
j
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, Bingham, and Tintic districts and represent totals for 4 weeks
with4 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.
Compiled by the American Metal Market, representing average weekly price of Straits tin at New York.
5
Averages of daily prices from the Engineering and Mining Journal-Press; prices on lead are at New York and on zinc at St. Louis.
6
5 months' average, August to December, inclusive.




49

BABBITT
METAL i

BAND INSTRUMENTS 2

Consumption

Shipments

ENAMELED
SHEET
i MET-

GALVANIZED SHEET
METAL WARE s

j
YEAR AND
MONTH

Fails and tubs

PORCELAIN ENAMELED FLATWARE-* 1

; VFAKE *
A*,

Other

New orders Shipments

Cup-

ProSaxoTotal i mouth- phones Wood i duewind
tion
piece

Thousands of pounds

Dollars
7

1924 monthly avero go
!;T.WS 512
j ] 925 monthly avcrcgo... 5,752 1,177 4, 575 587,589
1 920 monthly average. _ - 5, 495 1, 282 4, 213 544, 377
1;?27 monthly average. _.| 5,009 j 1,092 3, 917 4.82, 419

,r?O
Pro- Ship- Shipffifioto
to
duc- meuts ments Quan- e»" Qui&n- CK[j»eity
tidy
<:ey
tion

Shipments

pro
Hy
Thous. ! p i; Thous.
ofsq. Cfellt | ofsq.
•t
Percent
feet !
feet

Dozens of pieces

206, 113 7 365,634 7 17, 100
219,151 350, 817 19, 287
201,623 319, 358 23, 396
181, 103 277, 187 24, 879

119, 159 118,806
139, 060 140, 680

44, 675
35, 423

s 6, 789
5, 884
6, 092

326, 411

s 53

5, 947
4, 654

43, 291
35, 097

49
38

1

s 6, 257 8 52
6, 329 51
48 | 6,402 50
i

81
79
83

48
52
46
48

81
80
71
77

193G

i

18,314

6,668

Ef)

5 573

44

5,853
6, 376
5,723
6, 052

6, 236
7, 700
4, 995
6, 051

50
61
39
48

6,282
7, 015
6,922
6, 436

50
55
54
51

80
86
74
85

350, 748
372, 452
440, 689
337, 181

6, 760
6, 136
7, 571
5, 586

5, 942
53
49
5, 993
59 | 7, 567
6, 596
45

47
47
59
52

79
80
78
79

29, SOO
46, 357
31, 832
48, 291

318, 071
292, 048
248, 599
329, 843

5, 285
5, 907
4, 668
5, 285

42
47
37
43

8, 253
C, 749
6, 040
5, 937

49

80
80

37, 776
39, 006
35, 602
22, 090

44, 852
41,368
28, 578
17, 013

310, 823
322, 081
287, 115
307, 280

6,129
9, 578
4, 895

48
63
43
44

6,849
6, 889
6, 394
5, 609

53
54
50
44

149, 304
162, 153
175, 472
201, 119

32, 678
28, 513
50, 904
31, 545

35, 689
26, 334
45, 205
36, 452

319, 871
372, 848
442, 689
351, 034

5,378
7,024
5,430

45
45
59
45

5,473
5,824
6, 526
6,219

46
49
54
o2

155, 561

39, 206

35, 143

348, 501

47
49

6,924
5,322

58
47

4,390

445,
499,
482,
419,

256
554
765
071

179, 318
195, 867
176, 985
172, 126

247,
279,
286,
228,

624
474
553
488

24, 213
19, 227
18, 457

95, 929
87, 205
108, 631
127, 366

103, 455
96, 437
119,663
134, 323

57, 568
54, 937
38, 779
44, 700

49, 926
48 940
41, 652
44,911

4, 268
4, 132
3, 600
5, 413

514,
646,
634,
740,

799
065
999
786

238, 822
245, 328
234, 605
223, 926

247,
367,
371,
489,

940
628
939
356

28, 037
33, 109
28, 455
27, 504

143, 038
114,844
118,525

140,491
140, 778
88, 520
101, 356

42, 219
38, 847
32, 865
31, 393

43, 000
41, 295
31, 321
22, 025

1,220 4,220
1, 066 4, 386
1,208 4,418
950 3,862

407, 776
474, 302
559, 663
429, 411

143, 893
160, 558
193, 961
162, 103

240, 763
289, 347
337, 206
246, 168

23, 120
24, 397
28, 496
21, HO

131, 006
138. 788
202, 393
183,812

141,817
165, 707
182, 692
198, 711

31,019 32, 082
39, 018 36, 123
32, 942 30, 980
30, 423 33, 785

4, 946 j
971 3,975
4,855
830 4,025
4, 605 1,442 3,162
5, 497 1,008 4,489

404, 648
398, 743
366, 338
432, 571

153,
170,
142,
175,

434
942
373
999

227,
208,
204,
237,

899
334
470
532

23, 315
19, 467
19, 495
19, 040

159,178
110, 909
124, 264
133, 309

133, 387
119,724
128, 816
148, 148

33, Oil
48, 849
30, 712
44, 632

September
October
November
December

4, 792
5, 115
4, 506
4, 466

676
1,255
1,186
1,296

3,170

527, 640
594, 020
603, 944
589, 967

195, 494
234, 399
216, 128
223, 946

306,
325,
352,
340,

715
587
960
266

25, 431
34, 034
34, 856
25, 755

127, 608
151, 495
112, 690
93, 273

127, 530
141, 101
110, 275
90, 254

1928
January
February
March
April
_ _

4,929
4, 470
4,928
4,843

894 4,034
1,027 3,444
1,025 3, 903
1,118 3,725

318, 106
445, 737
468, 757
392, 146

126, 852
169, 616
178, 457
158, 677

169, 050
247, 489
263, 685
211,414

22, 204
28, 632
26, 615
22, 055

125,
165,
173,
208,

536
757
592
544

4, 607
4, 731

1,028
1,106

3,578
3,625

374, 490
345, 169

163, 075
148, 148

185, 511 25, 904
168, 420 28, 601

177, 170

1, 157
1, 330
1 339
1,354

4,021
4,189
4,130

-Yugust

5, 178
5, 519
5 409
5, 744

September
October
November .
December

5,750
5,471
4,747
4, 508

1,482
1, 339
1,147
1,096

5,440
5, 452
5, 628
4,812

i J Line
J'ilv

I

:

Ra-

Tot a! !>2reet Sale
to
by
Ap- pro- Conpar- duc- sument
ers
ers

HOUSEHOLD
WARE6

Table 27.—MISCELLANEOUS METAL PRODUCTS

__

1927
January
February
]\Iarch
April
May
June
July
i A ugust

May
June
July
August

4, 117

3,860
3,320

1

5,308

5, 421

5,628
5, 477

48
47

7

86

884
84

i

October
November
December

i
'

1
>'

!

ii

!

'^

i

!

'

ii
ii

i

'

i!

1
Compiled by the U. S. Department of Commerce, Bureau of Hie 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 Band Instrument Manufacturers' Association, representing 64 per cent of the total output of wind instruments in 1925, according to the census of
manufactures.

(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.
4
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 18 manufacturers, comprising approximately 80 per cent of the industry.
These reports include cooking, household, and hospital utensils having a vitreous coat on a steel sheet or iron base, and exclude equipment such as stoves, heaters, signs,
etc. Details by class (white, gray, or colored), giving values, are shown in monthly press releases.
e
ad
plants). The unit of measurement for these operations is the number of square feet of sheet metal passed through the furnace once.
6 Compiled by the Enamelist Publishing Co. from trade reports on the wet-process vitreous enamel industry, covering stoves, ki tchen ware, scales, refrigerator linings,
etc.;7 reports are from about 350 furnaces, representing about 90 per cent of the industry.
6 months' average, July to December, inclusive.
8
4 months' average.

731°—28



4

50

Table 28.—AUTOMOBILES
EXPORTS 2

PRODUCTION i
United States

Canada

Passenger
cars

FORUnited States
Canada
EIGN
ASSEMComplete or chassis
Acces- Complete or chassis BLIES
sories
PasPasand
Total senger Tr'ks parts Total senger Tr'ks

PasTotal senger Tr'ks
cars

YEAR AND MONTH
Total

Tr'ks

cars

cars

Thous.
of dols.

Number of cars

|

1913 monthly
19 14 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly

av
av
av
av
av
av
av

40, 417
47, 421
80, 828
134, 809
156, 182
97, 557
161, 133

38, 458
45, 307
74, 661
127, 132
145, 483
78, 620
138, 138

1, 958
2,115
6,167
7,678
10, 680
18, 938
22, 995

1, 460
1,510
3,245
4,638
7,885
6,257
6,661

1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly

av
av
av
av
av
av
av
av

185, 612
133, 069
212, 015
335, 021
300, 077
355, 475
358, 234
282, 866

158, 797
121, 093
191, 910
302. 644
266, 921
313, 372
317, 396
244, 933

26, 816
11, 976
20, 104
32, 377
33, 156
42, 104
40, 837
37, 933

8,504
12, 203
11, 271
13, 449
17, 046
14, 900

6,970
5,091
7,909
10, 769
9,814
11, 609
13, 767
12, 186

8297
596
1,434
1, 457
1,840
3,279
2,714

1926
September
October
November
December

395, 687
334, 421
256, 301
167, 927

352, 202
292, 562
222, 419
139, 850

43, 485
41, 859
33, 882
28, 074

16, 953
14, 670
9, 828
7,752

13, 347
10, 595
6,774
6,052

1927
January
February
March
April

238, 927
304, 763
394, 443
404, 759

199, 650
264, 171
345, 911
357, 009

39, 277
40, 592
48, 532
47, 750

15, 376
18, 655
22, 623
24,611

May
June __ -_
July
August

404,115
321, 967
268, 485
308, 826

357, 150
278, 729
236, 868
274, 381

46, 965
43, 238
31,617
34,445

September
October
November
December

260, 387
219, 719
134, 416
_ _ _ 133, 579

226, 443
183, 042
109, 758
106, 080

231, 693
323, 809
413, 379
410, 189
426, 096
396, 714

84
286
1,841
1,577
1,207
859
1,299

$523
472
1, 389
2,001
2,635
2,801
3,547

14, 304
3,203
6,520
12, 658
14. 894
25, 245
25, 483
32, 828

11. 876 2,428
2,579
623
5,566
954
10, 586 2.072
12, 615 2,279
20, 358 4, 886
19, 866 >5, 617
23, 885 8,943

3, 606
4,075
3, 054
1,700

27, 001
20, 395
27, 873
25, 663

20, 038
16, 348
20, 562
21, 805

6,963
4,047
7,311
3,858

11, 745
14. 826
19, 089
20, 890

3, 631
3, 829
3,534
3,721

25, 708
19, 208
10, 987
12, 526

21, 991
16, 470
8,719
10, 139

33, 944
36, 677
24, 658
27, 499

11, 262
7,791
6,617
3,435

205, 576
291, 151
371. 821
364, 877

26, 117
32, 658
41, 558
45, 312

375, 863
356, 439

50, 233
40, 275

2,157
1,861
3,489
5,160
5,480
3.078
5,595

Sales
Passenger
car sand
To
To
motor dealers users
cycles

Thous.
of dols.

Number of cars

1,912

500
468
1,123
1,048
791
694
1,633

6226
279

7$109,010

7,183
3,255
3,192
4,915
6, 147
6.693
6,991
8,642

1,918
894
3,163
5,827
4,721
6,182
6,194
4,785

1,506
775
2,950
4,790
3,657
4,834
4,469
3,325

412
118
214
1,037
1,064
1,349
1,725
1,460

8,851
11, 862
15, 322
14, 530
16, 965

139, 146
84, 518
125, 036
183, 342
160, 442
191, 315
209, 073
165, 870

6,273
5,534
6,550
5,559

6,471
7,546
8, 793
5,620

4,483
5,439
6,435
4,836

1,988
2,107
2,358
784

8,514
12, 919
13, 962
13, 348

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

3,717
2,738
2,268
2,387

49, 052
27, 629
28, 604
32, 059

38, 542 10, 510
20, 815 6,814
19, 398 9,206
23, 294 8,765

9,817
8,152
9,973
9,741

5,588
4,576
3,247
4,634

3,901
3,089
2,059
3,020

8,681
6,236
5,173
2,277

2,581
1,555
1, 444
1,158

26, 273
27, 718
31, 405
23. 609

19, 033 7,240
19, 366 8,352
21, 396 10,009
16. 473 7,136

7,962
6, 600
7,501
7,505

3,872
3,507
3,876
2,193

8.463
12, 504
17, 478
24, 240

6,705
10, 315
15, 232
20,546

1,758
2,189
2,246
3,694

32, 060
33, 952
49, 974
42, 269

20, 476 11, 584 7, 489
25, 114 8,838 9,570
40, 181 9,793 12, 157
33, 644 8,625 12, 466

33, 942
28, 399

29, 764
25, 341

4,178
3,058

47, 912
47, 171

38, 851 9,061 11,491
36, 038 11, 133 11,838

Number of cars ;

38, 064
66, 546
48, 945
69, 659
102, 904
130, 229

37, 195
60, 940
54,797
68, 921
101,319
129, 548

256, 631
171, 915
170, 567
88, 729

138, 360
115, 849
78, 550
44, 130

118, 224
99, 073
101, 729
52, 729

14, 943
16, 154
21, 007
22, 264

85,667
149, 436
214, 678
181, 170

99, 367
124. 426
161, 910
169, 067

81, 010
102, 025
146, 275
180, 106

1,687
1,487
1,188
1,614

24, 490
20, 870
17, 969
15, 047

254, 707
215, 957
158, 089
178, 889

173, 182
155, 525
136, 909
155, 604

171, 364
159, 701
134, 749
158, 619

2,856
2,380
2,403
1,857

1,016
1,127
1,473
336

12, 844
12. 988
12, 481
12, 518

154, 772
185, 626
148, 071
63, 381

140, 607
128, 459
57, 621
60, 071

132, 596
153, 833
80, 539
53, 760

3,502
4,111
3,557
3,996

1,838
2,628
2,686
2,957

1,664
1,483
871
1,039

12, 114
12, 556
15, 967
18,531

64, 403
199, 046
141, 026
205, 764

125, 181
169, 232
197, 821
197, 597

107, 278
132, 029
183, 706
209, 367

6,157
5, 589

4,511
4,431

1,646
1,158

21, 124
18, 279

207, 325
186, 160

224, 094
206, 259

!

1928
January
February.
March
April
Mav
June
July
August
September
October
November
December

2,241
2,147
5,330
6,737
6, 686
3,937
6,894

GENERAL MOSALES* TORS CORP. s

_.
i
1
ii

ll

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. Foreign assemblies are included in these figures. 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 Department of Trade and Commerce, Dominion Bureau of Statistics, since January, 1926. Monthly data from 1913 appeared in June, 1927,
issue (No. 70), p. 22, except for Canadian passenger cars, for which data prior to 1922 were compiled by Babson's Statistical Organization from reports of companies estimated
to represent 90 per cent of the output, and which appeared in the April, 1928, issue (No. 80), p-. 18.
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 included in the production figures for the United States but not in the exports of complete cars or chassis, as they are
usually represented in the value of parts exported.
4
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. These data can no longer be computed owing to the elimination of tax under the act of 1928.
s Data supplied by the General Motors Corporation to show the relation between sales by the company to retail dealers and by these dealers to users. These data are
based on sales of Chevrolet, Pontiac, Oldsmobile, Oakland, Buick, and Cadillac cars, the Chevrolet commercial cars and trucks, and cars, trucks, and tractors not how
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.
8
« 9 months' average, April to December, inclusive.
* 7 months' average, June to December, inclusive.
6 months' average, July to December, inclusive.




51

Table 29.—MOTOR VEHICLES
ELECTRIC
INDUSTRIAL
TRUCKS AND
TRACTORS 2

NEW PASSENGER-CAB REGISTRATIONS
(by price groups) 1

AUTOMOBILE
RIMS s

AUTOMOBILE
ACCESSORIES «

FIRE-EXTINGUISHING
EQUIPMENT 5

Shipments

Shipments

Shipments
YEAR AND
MONTH

Total

High-

est

price

Second Third
highest highest

Lowest
price

Mis-

cellaneous

Domestic
Trac- All
Itors other

Exports

156
139
151

120
124
135

153
131
112

124
156
155

128
127
120

51, 581
51, 210
49, 049

16
16
11

93
94
83

11
8
11

21
15
11
17

86
96
128
90

4
5
8
4

1,981
2,168
2,471
2,286

137
160
182
160

103
114
146
141

127
139
167
176

115
138
205
208

82
87
112
123

44, 226
52, 027
60. 177
53, 998

1,749

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

112
149
142
156

62, 348
55, 062
54, 871
51, 634

141, 811
130, 650
88, 430
71, 032

1,424
1,365
944
1, 079

10
18
18
18

82
97
86
95

5
17
19
5

2, 366
1,829
1,211
1,096

151
125
79
95

120
116
94
109

126
109
83
64

165
145
119
112

131
154
139
139

49, 486
45, 075
44, 188
41, 432

34, 397
37, 394
56. 990
76, 306

100, 042
102, 250
134, 587
163, 308

1,498
1,232
1,565
1,935

6
11
10
12

67
120
96
89

17
7
10
4

1,489
1,753
2,072
2, 060

132
158
195
185

107
100
120
117

79
93
135
156

140
155
210
223

93
92
128
125

47, 354
47, 302
50, 301
47, 850

69, 356
60, 507
63, 561
73, 223

73, 477
65, 305
66, 503
71, 704

162, 458
125, 017
105, 563
85, 071

1,566
537
514
519

19
20
12
3

77
97
73
87

10
23
5
2

2,169
1,877
1,680
1,826

184
176
148
155

123
130
142
169

131
132
97
115

192
171
136
134

133
147
118
143

56, 548
58, 522
46, 285
48, 101

10, 655
12, 152
9,315
7,253

54, 256
47, 292
33, 834

57, 538
53, 300
37, 951

26,280

26,805

61, 779
70, 841
51, 093
28, 515

391
394
294
336

8
11
15
8

66
81
64
77

5
17
19
11

1,727
1,385
839
1,134

139
124
99
111

181
174
132
126

163
103
75
61

127
120
143
104

122
108
111
114

46, 255
48, 472
43, 723
47, 870

135, 843
165, 256
254, 723
332, 056

6,817
7,436
11, 370
14, 705

32, 515
34, 542
53, 461
71, 050

43, 330
50, 004
76, 360
99, 201

52, 630
72, 670
112, 820
146, 282

551
604
712
818

5
15
18
9

98
86
97
122

9
18
16
6

1,812
1,806
2,420
2,316

163
187
231
213

137
128
136
151

79
91
113
107

142
158
174
164

73
91
108
101

43, 175
40, 710
52, 375
46, 643

351, 332

14, 642

72, 993

102, 890

159, 926

881

8
6

95
97

13
14

2,186
2, 429

215

185

113

157

101

55, 033

3,790

54,806

147, 531
145, 364
99, 210

36, 971
29, 575
53, 026
81, 882

32, 612
31, 377
57, 774
79, 585

115, 643
94, 856
150, 921
206, 045

1,351
952
1,113

18, 137
14. 372
12, 477
11, 198

80. 215
63, 066
58, 728
65, 244

82, 073
66, 792
68, 363
56, 646

213, 151
173, 312
189, 591
168, 920

2,928
2,246
2,227

130, 336

9,994
9,702
6,956
5,457

57, 079
51, 104
32, 695
26, 789

48, 093
45, 507
31, 988
25, 979

1927
January
February.
March...
April..

175, 273
180, 396
261, 111
331, 396

5,146
5,358
10, 241
13, 720

34,190
34, 162
57, 728
76, 127

May
June
July
August

318, 479
263, 722
247, 736
242, 031

11, 622
12, 356
11, 595
11,514

September.
October
November
December _

184, 619
183, 979
132, 487
89, 189

245, 315
262, 983
217, 535

7,113
10, 677
10, 077

47, 295
53, 031
52, 543

39, 586
52, 232

1936
January
February
March
April

192, 994
161, 975
273, 260
388, 024

6,417
5,215
10, 426
17, 768

May
June
July
August

396, 504
319, 788
331, 386
303, 757

September _
October_
November
December _

258, 431
238, 328

May
June
July
August

161,013

-

Number

Relative to January, 1925

1 358
1,929
1,822
2,167
2,017
1,667

1925 mon. av
1926 mon. av
1927 mon. av

__

Hand
types

Thous.
of rims

1922 uion av
1923 mon. av

__

Origi- ReAc- Serv- Motor
ice
nal p!ace- cessoequip- ment ries equip- vehiment
cles
ment parts

Number of vehicles

Number of cars

1938
January.
February
March...
April

Production

1, 677
898

2,744

September
October..
November
December
1 Compiled by E. L, Polk & Co., showing the number of new cars registered each month. Data for 1925 cover all but 3 States, estimates being made for these States,
which in the aggregate have only 2 per cent of the country's automobile population, while in 1926 all States except Mississippi are included (no estimates being made for
Mississippi) and beginning with 1927 all States are shown complete. The company's 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 form January, 1922, appeared in April, 1927, issue (No. 68), p. 23.
4
Sales of automobile accessories and parts shipped to customers by 75 members of the Motor and Accessory Manufacturers' Association, the relative numbers being
based on value, with January, 1925, as 100.
5
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 May, 1924, issue (No.
.33), p. 81.




52

Heavy

! P.C.

Thousands of barrels

1!

•! 1.415

'

20,704 : 104, 9f>2
2° 147 j i^ "no
23, 425
145, 914
144, 556
25, 064
133, 883
27, 943

104, 962
123 70^
145, 914
14-4, 556
128, 201

1918 monthly average
1919 monthly average
1920 monthly average
1921 monthly o.ver|ig'A
1922 monthly average

2Q 661
31,531
36,911
9q | oy
46, 463

117,412
124, 961
150, 009
179 888
278, 605

103, 886
110,026
133, 115
159 237
245, 673

3"> 610 '

1923 monthly average
1924 monthly average
1 925 monthly average
1926 monthly average
1927 monthly average

61, 034
59, 495
63, 645
64, 240
74, 536 |

326, 682
386, 896
305, 273
282, 323
318, 282

294, 659
347, 320
273, 878
247, 405
280, 796

32, 190 , «3 1,550
39,575 t 39, 132
43, 462
31. 395
31,918
35, 985
37, 487
25, 673

-19

1, 733

20, 583

2,511

11,3C4 !

26.26]

:

13,540
IV-tf." ,

May
June
July
August

76, 275
74, 538
78, 333
77, 998

October
November
December

75 081
77, 081
73, 778
74,. 108

Thousands of barrels

1, 389
763
1 565
1 383

!

1

i

2. 196 | 1,487
2 279
1,747
3. 408
2,024
1. 704
1,218
1. 806
1,445

16, 116
15, 190

14,356 ;
15, 072

6,835
6, 481
5, 152
5,032
4, 846

MS, 470 !
51, 708
71, 666
87, 374
90,554

i

1,592 :

8, 848
10, 447
10, 609

16 tr,j20 6,"1

Exports

48,437 ! "~~J
53, 643
81
61, 660
64, 939
SO
79
69, 043

1.439
1.446|
1. 675
1. 883
1.284

12, 465
11,640
9,626
7, 535
5, 343

1, 357
1,212
1,380
1,584
1,224

!

119
183

83
150

11,301
10, 808
8,043
6,727
4,035

350
754
1, 641
3,102
5,370

276
681
1,524
2,852
4,549

4, 512
4,321
3,869
4,744

4, 858
4, 423
4, 704
4,275

3,719
3, 566
3, 531
3,451

31,017
29, 770
29, 568
29, 460

87, 971
87, (540
89, 796
88, 383

4, 514
4,181
4, 434
4, 063

270, 518
279, 935
288, 385
295, 643

36, 498 i 27,143
35, 767
26, 898
25, 301
36, 545
38, 030
23, 262

90, 289
90, 516
91, 695
91, 965

4, 557
4,019
4,824
6,261

69, 759
67, 697
71, 625
71, 001

78
79
80
79

1,274
1. 155
1,248
1. 155
1. 155 j 1, 275
1. 155
1,120

5,830
5, 321
5, 488
5,393

4,884
4, 680
4, 548
4, 197

4, 630
4,807
5,480
5,291

3, 796
3,849
4, 426
4,488

301, 52-8
306, 803
310, 058
312, 411

307, 016
315, 702
324, 930
333, 673
339, 741
345, 357
348, 885
351, 646

1

Production

Exports

1
j
[
69, 603 I 79 ;: 1. 750 ! 1,385
6,076
63, 035
79
1.700
1, 342
5, 426
68, 741
1 . 335
1, 417
5,706
66, 624
77
1.114
1, 528
5,525

38, 213
38, 554
38, 827
39, 235

22, 795
21, 609
21, 191
20, 058

92, 186
91, 858
92, 555
91, 797

5,122
4,633
5,339
6,209

68, 586
71, 932
69, 587
70, 323

79
80
81
79

1.198
1.240
1. 230
1.220

1, 056
1,086
1, 044
905

4 ? 774
4,932
4,810
4,839

3,867
2,768
3,216
2,815

5,762
6,024
6,878
7,305

4,742
5, 928
6,504
6,593

278, 972 :: 243, 428
247, 749
285, 458
252, 678
2GO, 110
297, 895
260, 410

71, 475
67, 874
75, 304
72, 590

VENEZUELA^

27, 169 I — 30,- 127
36, 160
36, 947
41, 726

3, 145
i 4 402

1

January
February
Aiarch
_ _ _ _ _ _
April

Productson

Dolls, Numpeiber of
barrel I wells
$0 934
.798
.583
1. 258
1. 775

1 40Q
-

i

1927

MEXICO »

1

ll

1913 monthly average _ __ _
19] 4 monthly avc v a rr e
1915 monthly average
1 9 1 0 monthly overage
1917 monthly ave^ipe

1

capae.

OIL W E L L S
COMPLETED. 6

!

1
I
LigJit

PRICE,KANS.OKLA., AT
WELLS B

YEAR AND MONTH

California ?

Tank
farms Refinand pfpe eries
lines

Grand
totaS

CONSUMPTION (run to
s tills) *

PROIJUCTION i

IMPORTS 3

STOCKS 2
(end of month)

B E F I N E EY
OPERATIONS

Table 30.—CRUDE PETROLEUM

35, 544
37, 709
37, 432
37, 485

1

1938

January
February
March
April

72, 321
68, 059
75, 037
72, 127

358, 892
363, 340
368, 744
371, 579

317, 725
320, 979
325, 135
328, 354

41, 167
42, 361
43, 609
43, 225

20, 493
20, 110
19, 633
18, 752

94, 327
94, 797
94, 484
94, 301

6,145
6,036
6,845
5,661

68, 193
65, 601
72, 124
72, 979

72
73
75
79

1.220
1.213
1.190
1.190

764
836
949
961

4,770
4,474
4,729
4,596

2,955
3,032
3,379
3,940

6,994
6, 799
7,601
7,594

6, 837
6, 760
7,387
7,582

May
JunG
July
August

75, 218
72, 526

371, 849
370, 751

328, 556
328, 094

43, 293
42, 657

19, 170
19, 197

93, 941
94, 234

6,766
6,553

77, 311
75, 681

80
81

1.190
1,190

961

4,347

3,065

8,784
8,339

8,511
8, 231

September
October
November
December

I
j
|

_

1

_ _ _

j

|

i|

1;

li

i!

i

i

i

1

Production data, complied 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; from 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 February, 1923, were 5,069,000 barrels instead of 6,199,000 barrels, as reported, and to which previous month's figures
are comparable;
4
Consumption by refiners, taken as amount of crude oil run to stills at refineries, compiled by the U. S. Department of Commerce, Bureau of Mines.
« 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
Includes producers' and refiners' stocks, light crude having a specific gravity of 20° and above and heavy crude a specific gravity below 20°; heavy crude data include
a large amount of manufactured fuel oil for which reason California figures can not bo combined with data for the country east of California.
8
Average of 7 months, June to December, inclusive.
8
Compiled by the Mexican Government, Secretary of Industry, Commerce and Labor, Petroleum Department, and published in the Boletin del Pctroleo. Current figures
are from O'Shaughnessy's South American Oil Reports and are used in this table until government figures become available. Data on exports cover crude petroleum and
all derivatives therefrom. All data have been converted from cubic meters to the comparable barrel basis.
10
Compiled by the Minister of the Interior of the United States of Venezuela and published annually on a monthly basis in Memoria del Ministerio de Fomento. Current
figures are from 0'Shaughnessy's South American Oil Reports and are used in this table until revised by government figures. All data have been converted from toneladas

to a comparable barrel basis.



53

Table 31.—GASOLINE AND KEROSENE
GASOLINE
Production i

ExYEAR AND MONTH Raw (at Natural ports 3
refingas (at
eries) plants)

KEROSENE OIL

Stocks, end of
Prices
month l
Retail
Consump- Total at Natu- Whole- Retail, distribution, 41
tank
tion i
sale,
refin- ral-gas motor, wagon, States ^
gasoeries
N. Y.s 50 cities *
line
Dollars per gal.

Thousands of barrels

T

Production i

£iUons°f

Exports 2

Stocks
Con- at refinsump- eries,
tion i end of 1
211 on tli

Price,
Retail
f. o. b. distriburefintion, 13
eries,
States «
Pa.a
Dollars Thous. of 1
per gal.
gallons

Thousands of barrels

i

4,085
5, 656

48
85
130
205
432

234
323
223
706
825

4, 693

' 8, 033

1918 rno. average __
1919 mo. average..
1920 mo. average __
1921 mo. average _
1922 mo. average..

7,084
7, 853
9,688
10, 225
12, 306

561
698
763
893
1,004

1, 110
738
1 272
1, 058
1, 149

6, 209
6, 81 5
8,434
8, 960
10, 659

9, 196
11,248
11, 059
15,018
18, 834

.242
. 245 i
. 293
.261

1923 mo. average..
1924 mo. average..
1925 mo. average..
1920 nio. average _ _
1927 nio. average..

14, 922
17, 777
21, 633
24, 978
27, 556

1,620
1.853
2, 192
2, 692
3,229

1, 678
2, 354
2,553
3,540
3,577

13, 062
15, 417
18, 655
21, 818
24, 827

28, 249
35, 319
38, 142
39, 654
40, 623

' 369
515
789

.207
.180
.191
.199
.188

$0. 181
.166
. 176
.185
.152

27, 960
25, 024
27, 886
26, 577

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

560
619
697
788

.210
.218
.205
.194

26, 787
26, 616
28, 118
28,010

3,219
3.093
3,119
3,214

4, 366
4,209
3.097
4,101

26, 579
27, 799
29, 784
29, 779

48, 609
43, 768
39, 069
33, 455

926
971
992
846

September
October
; November
December

27, 716
28, 903
28, 558
28, 512

3,245
3, 419
3,410
3,512

2,481
3,805
3, 654
2, 949

28, 409
25, 497
24, 400
23, 718

29, 738
29, 550
30, 401
32, 323

1928
January
February
March
j April..

27, 879
26, 775
29, 245
29, 332

3,367
3, 279
3, 426
3,469

3,692
3,326
3,777
4,044

20, 939
21, 136
24, 041
25, 712

30, 825
30, 675

3,474
3,317

6,535
4,614

27, 355
29, 022

1913 mo.
1914 mo
1915 mo.
1910 mo.
1917 mo.

'•

!

;
:

average _
average
average.
average..
aver ago _.

I
1937
! January
February
1 March _ _
I -Vpril
i
1
i
i

May
June
July
August

May
June
July
August

-

_

__ _

$0. 168
.144
. 138
.230
.238

12, 411

$0 062
058
050
050
.080

2, 870
2, 766
2, 757
2 461
2, 905

9, 648
7,157
9, 035
9 584
7, 180

.108
.115
.149
.084
.085

27, 488

1, 682
1,818
1,756
1, 835
1, 607

2,921
3, 059
3, 331
3,178
3,133

6, 498
9, 498
7,721
8,319

.084
.080
.078
.104
.076

28, 718
30, 406
32, 043
32, 185
32, 093

5,113
4, 453
4.802
4,608

1,592
1, 381
1,342
1,833

3, 882
2,590
3,356
2,776

8,190
8,655
8.753
8.725

.094
.088
.083
.079

29, 515
28, 729
31. 944
32.209

760, 166
794, 858
861, 547
894, 520

4,663
4,308
4,484
4,420

1, 604
1,611
1, 360
1, 669

3,188
2, 695
2,637
3,389

8,568
8,567
9,038
8,373

.076
.072
.070
.068

33, 712
32, 762
29, 845
37, 609

.144
.143
.142
.143

864, 242
810, 470
742, 145
674, 840

4,686
4, 884
4,824
4,869

1, 652
2, 193
1,815
1,226

3,280
3,469
2,514
3,819

8,120
7,325
7,841
7,669

.068
.073
.073
.072

37, 179
32, 995
28, 719
29, 902

.170
.170
.170
.170

.143
.147
.148
.150

600, 133
602, 361
689, 610
746, 020

5, 047
4,783
4,717
5,033

2,345
1,541
1,325
1,468

2,742
3,221
2,737
3,234

7,670
7,692
7,826
7,733

.070
.070
.069
.069

30, 746
30, 176
33, 707
33, 201

.170
.170

.152
.153

762,859

5,243
4,849

1,489

3,383
2,385

7, 537
8,370

.074
.073

9. 921

i
2, 888
3, -*26

2, 005
1 661
1,696 I
1,306

2, 067

303, 435

3 622
4, 646
4, 603
3 859
4, 576

974
1, 943
1,728
1 486
1, 776

375, 488
4(53, 998
566, 106
651, 127
731, 437

4, 661
5, 002
4,974
5,147
4, 676

.175
.170
.162
.153

545,
527,
601,
698,

510
487
106
448

.190
.190
.190
.175

.147
.149
.149
.146

736
781
820
734

.170
.170
.170
.170

36, 112
38, 782
40, 229
40, 210

740
824
842
832

37, 336
34, 393

809
648

i
[

. 251

7

September
October
| November
* December
1 Compiled by the V. S. Department of Commerce, Bureau of Mines. Data covering production and stocks of natural-gas gasoline represent total production and stocks
of this product, both blended and unblended, the amount blended being included with the production, consumption, and stock data covering the refinery product. The
figures showing output of natural-gas gasoline include amount run from California fields through pipe lines. Stocks of gasoline at refineries include marketers' stocks beginning2 with June, 1923, while consumption figures since that time take account of this change in stocks.
Compiled by the V. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Gasoline exports include gasoline and all other naphtha, less exports to
the 3
Philippine Islands to agree with data by the Bureau of Mines.
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Gasoline price represents average price of motor gasoline delivered in drums to garages in New
York City.
* Compiled by the Oil and Gas Journal from reports of 50 representative cities as of the end of month indicated. Data were previously shown as of first of month.
Monthly data from 1923 appeared in the March, 1928, issue (No. 79), p. 21.
5 Retail distribution of gasoline compiled by the American Petroleum Institute, from reports of gasoline-tax collection by 41 States, including District of Columbia, but
excluding Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Vermont, and West Virginia. Details for certain States for 1921 through 1923 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. These earlier totals are not comparable with those now published owing to the smaller number of States included. Prior to May,
1925, the earliest date for which the 41 States can be shown complete, the totals for 21 States have been prorated for comparison to the basis of 41 States, based on the proportion shown in the period from May, 1925, through December, 1926. Data for California, Montana, Pennsylvania, and Tennessee are only available quarterly and have
been divided by 3 to secure corresponding monthly figures.
6
Retail distribution of kerosene, collected from the tax statistics of Arkansas, Colorado, Florida, Georgia, Louisiana, Kansas, Michigan, Minnesota, Nebraska, North
Dakota, Oklahoma, South Carolina, and South Dakota by the American Petroleum Institute. No figures are available for Louisiana in 1922, but they have been assumed
as 3 per cent lower than the corresponding 1923 figures, in order to permit a total for identical States. Details by States for 1922 and 1923, except Louisiana, 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. Owing to the addition
of Louisiana figures and the exclusion of estimates for Indiana, the totals presented here do not agree with those previously published.
7
6 months' average, July-December, inclusive.




54

Table 32.—OTHER PETROLEUM PRODUCTS

Dolls,
per bbl.

Thousands of barrels
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

av.
av
av__.
av.__
av.__

9, 254
12, 923

7 217
297
461
492

19i g monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly

av
av___
av.__
av.__
av___

14 527
15, 134
17, 582
19, 174
21, 243

550
1,169
2,192
2,256
2,641

7 865
1, 094
1, 004
1,100

1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly

av___
av___
av__.
av__.
av___

23, 957
26, 706
30, 416
30, 433
32, 695

3,137
3,611
3, 569
3,888
4, 171

1926
September
October
November __ _ _
December

30, 698
32, 444
31, 624
33, 376

1927
January
February
March
April

Production *

7 14, 806

Price,
Stocks cylin-

at re- der,
Consump- fineries, 600B
tion i end of tank

month ' cars,
Pa.»

Thousands of barrels

$0 902
663
.513
.871 ! 1,239
1. 525
1, 496

£
©
S

Dolls,
per gal.

0

t- fl"*

0

^

Produc

By
By
By
ves- electric rail- 4
power3 roads
sels 2 plants

Price,
Okla.,
24-26
at refineries 5

Import

Stocks
at refineries,
end of
month i

Stocks,
cries,
nioni

YEAR AND MONTH

Production i

Produc

Consumption

COKEi

ASPHALT

LUBRICATING OIL

GAS AND FUEL OILS

WAX*

t

Stocks, !
refineries,
end of
month

Production

is a
£& Ci O

Thous. of short tons

Thous. of pounds

18
12
60

32, 182
40, 100 6 108, 402

8833

7 2, 917

62

778

12
16

34
45

711

51
75
108
101
158

91
97
74
113
134

10
9
11
11
10

47
50
48
51
59

17
37
23
62
58

42, 095
38, 936
45, 100
36, 240
38, 500

172, 976
241, 895
181, 567
240, 072
223, 741

2,831
3,107

13, 071
18, 533
16, 378
27, 736
31, 625

1.885
1. 120
2.622 !
. 687
. 951

1,670
1, 680
2,078
1, 741
1, 942

1,152
1,133
1, 229
1,004
1,294

3, 425
3,825
3, 267
5, 552
5,492

1, 234
1,380
854
783
565

3,928
4,165
4,112
4, 093
4,051

32, 610
37, 675
24, 480
23, 786
27, 826

.929 i
. 959
1.099 !
1. 294
. 978

2,177
2, 292
2,588
2, 691
2, 643

1,438
1, 510
1,715
1,881
1,824

5, 659
6,230
6,879
7,481
7 792

$0. 224
.289
.285
9
. 264
.251

194
212
223
244
285

129
123
145
195
212

12
13
10
12
13

56
64
83
83
95

24
60
191
254
317

38, 887
43, 041
49, 215
53, 818
48, 696

178, 060
109. 465
106, 409
152, 473
187, OG7

4, 040
4,330
3,953
4,065

916
914
959
803

4,205
4,538
4,279
4,365

27, 151
26, 376
26, 859
24,898

1.425
1.356
1.305
1.275

2,645
2,768
2,724
2,699

2,023
1,777
1,721
1,827

7,149
7,437
7, 620
7,576

.262
.260
.255
.254

309
323
216
214

189
188
167
193

23
12
14
16

95
88
91
93

288
287
286
291

49, 228
56,011
54, 678
55, 975

159, 779
167, 925
177, 054
185, 331

32, 936
30, 185
32, 377
31, 856

3, 940
3,587
3, 874
4,204

823
671
639
549

4,289
3, 724
4,194
3, 920

23, 195
22, 099
22, 501
23, 732

1.255
1.250
1.219
1.063

2,570
2,345
2, 754
2,615

1, 496
1, 251
2,334
1,712

7,887
8, 361
8,035
8,176

.255
.255
.250
.254

191
173
222
274

215
235
235
220

19
14
15
8

93
88
98
88

287
295
326
319

54, 114
47, 363
53, 644
48, 917

192, 835

211,019

Mav .
June
Julv
August.-

33, 499
31, 691
33, 693
34, 098

4,250
4,244
4,077
4,470

487
476
474
502

3,948
3,732
3, 756
3,921

26, 059
26, 590
28, 890
30, 346

.925
.906
.900
.870

2, 625
2,571
2, 672
2,752

1,928
2, 197
1,811
2,004

8,011
7,628
7,496
7,491

.251
.253
.250
.251

319
347
335
340

223
232
214
192

8
24
10
12

88
95
90
95

329
293
306
304

46, 267
44, 938
47, 979
41, 576

207, 329
198, 808
191, 501
180, 645

September
October
November

32, 339
34, 045
32, 594
33, 029

4,436
4,594
4,110
4,264

504
503
502
649

4, 145
4,652
4, 123
4,211

31, 631
33, 191
33, 637
31, 982

.850
.865
.838
.800

2,782
2,757
2,477
2,801

1, 965
1,782
1,739
1, 663

7,447
7,584
7,524
7,860

.255
.253
.245
.245

333
333
290
263

176
189
196
221

14
14
9
9

98
102
102
108

314
331
349
345

47, 888
49, 476
48,146
54, 039

170, 172
170, 367
171, 700
150, 638

32, 271
30, 944
34, 071
33, 857

3,783
3,751
4,236
4,275

589
540
610
533

4,047
3,853
4,106
4,085

29, 623
29,011
29, 170
29, 499

.800
.850
.850
.840

2, 658
2,728
2,905
3,026

1, 606
1,533
1,988
2,362

7,978
8,332
8,412
8,018

.245
.245
.223
.221

199
209
270
274

209
230
269
274

7
4
8
6

103
100
107
109

330
337
352
342

55, 320
49, 724
50, 207
57, 548

150,
150,
120,
110,

35, 620
35, 565

5,013
4,307

490
512

32, 888
36, 015

.763
.719

3, 091
3,009

1, 989
2, 143

8, 060
7,832

.228
.220

331
332

262
271

13
3

118
118

348
344

51, 072
50, 792

103, 639
87,704

1928
January
February
March
April
May
June
July
August

!

_

1

485
033
800
010

1
j

October
November
December

198,452

201. 340

"""

!

i

Compiled by the U. S. Department'of Commerce, Bureau of Mines, representing practically complete data for the refineries prior to January, 1925, but since then gas and
fuel oil stocks cover only stocks 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 the 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
Compiled by the 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
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing average of weekly prices. Lubricating oil covers quotations of cylinder oil, Pennsylvania, 600D; filtered in tank cars at refinery, and monthly data from 1923 may be found in the November, 1927, issue (No. 75), p. 27.
* Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, re;
^presenting imports of foreign native asphalt. Imports have been
reduced from original data in long tons.
7
6 months' average, July to December, inclusive.
8
5 months' average, August to December, inclusive.
9
11 months' average, July omitted.




55

Table 33.—CRUDE AND SCRAP RUBBER
RECLAIMED
RUBBER
(quarterly) 1

Consumption i
ImWorld ports 3 (quarterly)
(inshipments cluding
For
(2)
latex) Total tires

YEAR AND
MONTH

Domestic stocks, end of
quarter 1
Total
I

World stocks, end of month

4

Pro- EuroPlantapean
Total ducing coun- United tion,
counStates afloat
tries tries

Manu- DealfacAfloat
turers ers

24, 663
31, 800
34, 398
35, 101
43, 006
51, 232
50, 183

15, 449
25, 090
25, 762
27, 338
33, 054
34, 445
35, 521

1926
.January.- _
February
March
April

49, 306
48, 057
55, 271
39, 946

42, 404
32, 865
42, 152
34, 544

50, 534
47, 800
47, 310
_ 53, 079

29, 757
24,900
35, 820
27, 399

May
June
July
August

September. __
October
November
December

55, 363
58, 401
52, 325
57, 386

37, 112
29, 476
39, 155
37,754

1937
January . . 56, 559 43, 340
February
44, 639 28, 337
March
64, 131 35, 515
April
44, 751 46, 202

86, 757

31, 280
51, 801
55, 238
62, 916
74, 247
70, 414
72, 797

73, 081

83, 994
85, 935
85, 450
59, 458
45, 960
61, 301
88,627

58, 191

65, 982
66, 885
46, 829
37, 467
50, 704
95, 626

48, 301

19, 953
18, 565
12, 629
8,493
10, 597
15, 926

29, 671
39, 523
33, 589
40, 026
48, 811
43, 565
42, 862

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, 091

50, 529

91, 279

78, 577

82, 233

68, 105

14, 128

45, 384

94, 983

May
June
July
August

48, 748
49, 459
41, 938
50, 535

82,648

84, 811

71, 776

13, 035

45, 169

September. __
October
November...
December

48,186 33, 301 82, 073 69, 369
50, 370 30, 184
48, 565 38, 592
54, 315 30, 736 74, 391 60, 592

90, 861

72, 989

17, 872

36, 006

96, 601

77, 932

18, 669

44, 890

1928
January
February
March
April

48, 134
48 579
46, 362

80, 871 112, 103

91, 700

20, 403

35, 572

May
June _. _
July
August

September
October
November
December

36, 518
33, 045
37, 677
32, 810

38, 572
63, 546
68, 739
75, 445
88, 468
82, 436
85, 682

39, 108
33 392
40, 688
37, 958

95, 273

6

25, 329
11, 473
22, 781
27,236

152, 737
153 558
170, 684
158, 551

17, 746
15, 115
20, 536
18, 097

11, 293
11, 208
14, 726
20, 863

55, 198
58, 035
61, 822
55, 261

68, 500
69, 200
73, 600
64, 330

.789
.619
.586
.503

168, 807
179, 619
189, 729
191, 372

18, 879
21, 356
24, 915
25, 320

22, 515
26, 203
30, 218
33, 081

63, 913 63, 500
60, 460 71, 600
64, 896 69, 700
60, 871 72, 100

.478
.430
.410
.390

195, 321
209, 566
211,353
230, 395

27, 691
28, 144
27, 460
28, 113

38, 152
45, 093
47, 152
52, 473

62, 078
64, 989
63, 641
72, 509

67, 400
71, 340
73, 100
77, 300

.410
.425
.400
.380

237, 425
248, 740
256, 689
263, 362

27, 224
28, 611
29, 515
26, 176

58, 329
62, 443
67, 044
71, 229

76, 172
91, 186
85, 740
92, 757

75,700
66, 500
74, 390
73, 200

.391
.383
.383
.410

258, 300
247, 555
249, 995
255, 684

26, 475
23, 730
24, 500
27, 427

71, 562
68, 274
68, 226
69, 109

94, 563
89, 251
98, 469
96, 148

65, 700
66,300
58, 800
63, 000

.409
.373
,349
.351

260, 799
263, 683
264, 590
261, 592

27, 822
27, 654
30, 376
27, 324

72, 748 97, 829
73, 876 97, 453
70, 880 101, 034
66, 737 100, 131

62, 400
64, 700
62, 300
67, 400

.338
.343
.376
.406

276, 670
269, 572
260, 991
248, 995

27, 453
25, 649
22, 353
19, 223

69, 594
66, 268
61, 478
56, 689

110, 243
108, 955
114, 060
113,083

69, 380
68, 700
63, 100
60, 000

.400
.326
.266
.188

6

20 116

31, 014
27, 764

mr> 357

Consumption
fey reclaimers

Long tons

31, 038 $0.164
.174
42, 284
.296
46, 973
66, 441 46, 972 49,654
.261
.719
17, 882 47, 902 58, 728
.485
29, 415 61, 974 70, 139
.376
68, 371 93, 394 66, 699

131, 770
135, 983
184, 309
255, 701

SCRAP
RUBBER
(quarterly) 1

Pro- St'ks, Stocks
at reduc- CFSCl Of claimtion quar- ers
ter

Dolls,
perlb.

Long tons
1921 mo. av__
1922 mo. av_.
1923 mo. av__
1924 mo. av_.
1925 mo. av__
1926 mo. av__
1927 mo. av._

Wholesale price,
smoked
sheets, N. Y.«

CRUDE RUBBER

8,539
13, 447
17, 384
19, 018
30, 906
41, 986
43, 181

!
37, 496
61, 963
72,096
59, 675

11, 509
1
7, 21 1
22, 002
26, 415
39, 770
54, 074
55, 547

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

41, 197 19, 287

58, 331

52, 059

39, 449 17,812

55, 547

50, 495

46, 530 19, 567

62, 016

61, 331

51, 112 16, 317

61, 299

64, 069

8,217
8, 662
14, 9(39
19, 544

44, 092 13, 377
|

188
. 194
1
..

" II

"

""II

.. i

!

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
Compiled by the World's Rubber Position, a British publication. Details of shipments by countries are given in the publication, as well as amounts retained by the
principal importing countries.
3
Imports of rubber, including latex, into the United States compiled by the V. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
4
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, from basic data on producing countries (Para, Singapore, and Penang)
and on European countries (London, Liverpool, Amsterdam, and Antwerp) supplied by the Rubber Growers Association (British), on domestic stocks supplied by the
Rubber Association of America and prorated from 95 to 100 per cent, and on stocks of plantation rubber afloat from the World's Rubber Position.
6
Compiled by the Rubber Trade Association and representing averages of daily spot prices for rubber, standard-quality ribbed smoked sheets in the New York market.
Monthly data from 1915 may be found in the Marketing of Crude Rubber by the U. S. Department of Commerce, pp. 14 and 15.
6
7 months' average June to December, inclusive.




56

Table 34.—TIRES AND RUBBER-PROOFED FABRICS
-

AUTOMOBILE TIKES i

I

uC

! I

©

u
v->
QC

ShipBice ts

i

a
S

1

^p^rfd? °f

Thousands

1

1
£•<

'

Production, relative to capacity

GG

2

ft
-v*

"2
§£

New orders (automobile)

P 1
dS

Shipments

All other

°2

*3
§

Production

Crude
rubber

! Shipments

Raw material
consumed

Fabrics

«
a

Production

i

Production

YEAR AND MONTH

Solid tires and
cushions

Inner tubes

Production

Pneumatic tires

RUISBER-PltOOFED FABRICS 2

Clothing
fabrics

"

Auto fabrics

f—

Per
cent

Thousands of yards

i
102 L monthly av
1922 monthly av
1923 monthly av
1924 monthly a v
1 925 monthly av
1926 monthly av
1927 monthly av

1, 821
2,573
2,843
3,234
3,811
3,848
4,045

4, 321
4., 896
5,666
5, 428
5,920
8,158
8,272

1, 905
2,436
2,697
3,048
3,604
3, GOO
3, 850

43
81
89
91
116
93
168

2, 261
3, 189
3,768
4,424
5, 171
4,793
4, 391

4, 632
6,081
7,354
7,490
8,318
13, 110
11, 805

2 292
3,055
3, 630
4, 174
4,964
4, -ill
4,463

29
58
71
84
105
66
100

36
66
59
58
65
48
48

232
195
254
198
170
188
170

44
57
57

1926
September
October
November
December

4, 286
3, 833
3, 250
3,520

7,001
7, 454
7, 810

4,452
3,318
2,708
3,413

84
89
98
132

5,698 11,497
4, 665 11,970
3,644 12, 469
3,961 12, 165

5,755
4,0i6
2,984
4, 027

69
61
54
74

44
45
45
46

168
159
158
168

52
51
38
34

3,731
3, 834
4, 727
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
12, 595
12, 839
13,371

4,428
3,763
4, 534
4,669

89
80
90
105

44
46
57
64

166
163
159
162

May
June
July
August

4, 629
4,678
3,835
4,334

9?370
9, 369
8, 522
8,070

4, 069
4,487
4,316
4,666

186
222
180
144

5,060
4, 742
3,971
4,871

13, 813
13,419
12,028
11,023

4,501
5,024
5,205
5,898

109
108
104
96

65
62
48
49

September
October _
November
December

3, 638
3,603
3,394
3,391

7, 325
7,287
7, 635
7,734

4,168
3, 484
3,100
2, 959

136
133
145
178

4,247
3,809
3,593
3,742

10, 162
10, 187
10,216
10, 297

4,973
3,685
3,463
3,413

103
93
88
133

1927
January
February
IVIarch
April

-

6, 696
9, 257
9,861
11,868
14, 025
13, 830
14, 832

17, 922
27, 301
30, 601
37, 821
46, 033
43, 170
42, 916

1, 528 456 j 756
2,026
799 i 696
2, 648 1,317 640
2, 085
927 I 526 3 652
1, 999
577
657
765
697 1,230
517
2, 444
780 1 1,833
543
3, 156

7
7

15, 910
13, 973
12, 422
11, 593

48, 168
43, 137
36, 737
37, 117

3,963
4,538
2,910
1,813

804 2, 652
962 2,987
772 1,440
533 814

507
589
698
466

586
773
722
696

40.0
47.3
38.4
37.8

36
40
54
54

8
8
5

14, 358
13, 609
16, 651
17, 238

44, 078
45, 037
50, 614
51, 333

1,916
2,084
2,756
2,800

718 784
718 881
978 1, 190
820 1,498

414 957
485 1,005
588 851
482 805

35.7
51.0
61.3
41.4

178
186
180
183

45
50
43
45

4
6
5
5

16, 029
17, 443
14, 010
16, 323

47, 270
48, 778
41, 209
45, 706

2,642
2, 776
3,330
4,077

955
768
712
802

1,206
1,573
2,047
2,723

481
435
571
552

740
654
832
876

59.9

30.5

36
34
32
33

173
162
161
161

42
40
32
28

4
4
3
4

13,998
13, 549
12, 822
11,949

37, 341
37, 130
33, 845
32,654

4,545
4,634
3,791
2,518

756
819
691
621

3,123
3,179
2,489
1,303

666
636
611
594

955
827
720
710

28.7
31.2
26.3
23.6

2,177
2,575
2,853
2,416

600 874
757 1,107
805 1, 148
835 874

703
711
900
707

773
960
896
980

29.6
28.8
26.6
27.6

1, 110

909

2
4
5

62
5
5

42

4
5

4

886 * 25. 1
41.7
39. 7
828 539.0 j

™

1

|

1928
January
February
March
Auril
May
June
July
i August

4,026
4,784
5,128
4,645

7,491
8,826
9,318
9,581

3,924
3,653
4,137
4,229

132
133
174
143

4,086
5, 176
5,427
4,999

9,760
11, 020
11,878
12, 500

4,469
3, 997
4,205
4,196

90
81
98
86

37
37
44
44

164
159
159
157

31
36
41
40

3
3
5
3

16, 040
16, 924
18, 854
18,310

43, 709
46, 468
48, 897
43, 701

5,082

9,794

4,707

146

5,382

13, 298

4,631

100

47

156

44

4

19, 168

51, 061

|
1

September
October
j November
Docfvrr>bf>r
1

!

j

Compiled by the Rubber Association of America, representing reports from 75 per cent of the industry on pneumatic casings in 1923 and 78 per cent in 1925, according
to the census of manufactures; 79 per cent and 80 per cent, respectively, on inner tubes and 76 per cent in both years on solid tires. Prior to September, 1921, when an
important manufacturer dropped out, a larger percentage of the industry was covered, the 1921 totals representing 80 per cent of the casings output reported by the census
of manufactures and 85 per cent of the output of inner tubes. Crude-rubber consumption in 1925 represented 73 per cent of that reported by the census of manufactures
in that year for manufacturers of rubber tires. Export shipments in 1925 represented 85 per cent of the total official exports for both casings and inner tubes and 72 per cent
for solid tires. In 1923 the proportions were slightly smaller in each case. The number of reporting firms increased from 36 in November, 1920, to a maximum of 66 in 1922,
while from 1923 to the early part of 1925 the number ranged between 50 and 60, in the latter part of 1925 between 45 and 50, and in 1926 and 1927 between 40 and 45. The
decrease in number of firms is stated to be due largely to cessation of business on nominal production. Data comprise all kinds of tires, including millimeter sizes. Stocks
represent domestic tires in factory and in transit to or at warehouses, branches, or in possession of dealers on consignment basis, i. e., all tires still owned by manufacturers
as a domestic stock. Shipments include only tires forwarded to purchasers and not those forwarded to warehouses, branches, or on a consignment basis. Solid and cushion
tires include plain-tread solid tires, the npnskid-tread type termed "cushion" by some manufacturers and also hollow-center or cellular-construction tires of both the
pressed-on and demountable types. Details by kind, type, and size are given in the association's reports, as well as distribution of domestic shipments between original
equipment and other sales, of fabric consumption as between kind of material and of casings and of rubber consumption as between kind of tires. Monthly data from
January, 1922, appeared in the June, 1927, issue (No. 70), p. 21.
2
Compiled by the Rubber Association of America from reports of from 3 to 8 companies on automobile fabrics each month, representing 48 per cent of the production of
automobile fabrics in 1923 and 31 per cent in 1925, according to the Census of Manufactures, and from 10 to 14 manufacturers of other fabrics representing 62 per cent of other
fabrics in 1925. Total fabrics reported by these manufacturers represented 62 per cent of all rubberized fabrics in 1923 and 47 per cent in 1925. Raincoat fabrics include
both single and double texture fabrics, while all other fabrics include hospital and sanitary sheetings, shoe proofings, cretonne and percale apron materials and sundries and
miscellaneous proofings, for which details are presented in the association's reports. The report on automobile fabrics also gives details by kind and by purposes of shipment.
New orders for automobile fabrics are those specified for delivery within 90 days. The relation of production (actually shipments, which are considered simultaneous to production) of automobile fabrics to capacity is based on the factor which fixes maximum capacity, based on 24-hour operation, for each plant, whether it is capacity of heaters,
spreaders, calendars, etc.
3
4 months' average, September to December, inclusive.
4
9 months' average, April to December, inclusive.
5
10 months' average, June and July missing.




57
Table 35.—OTHER RUBBER PRODUCTS
RUBBER SOLES i

MECHANICAL RUBBER
GOODS '

Shipments

RUBBER HEELS i

Shipments

Shipments

Production

YEAR AND MONTH

To shoe
To
manrepair
ufactrade
turers

Stocks,
end of
month

For
export

Production

Stocks,
end of
For month
ex-

To shoe To
man- repair
ufac- trade port
turers

Total

Thousands of pairs

Belting

Hose

RUBBER RUBBER
BANDS* FLOORING*

*

Shipments

other 3

Thous. Thous.
of Ibs. of sq. ft.

Thousands of dollars

i
15, 243
15, 523
17, 248
15, 276
16, 692

9,889
10, 412
10, 765
8, 899
8,514

4, 172
4, 751
5,727
5,614
6,958

0719
770
912

33, 962
33, 110
40, 569
48, 590
43, 823

16, 574
17, 635
15, 097

10, 510
8,745
9,111
6, 157

4,448
2,781
3,884
3,282

737
600
873
709

39, 133
44, 074
52, 179
56, 681

Mav
June
July
August

11, 367
12, 7C9
11, 109
14, 490

6,818
7, 541
8, 651
9,607

4,002
5,902
6,370
7,911

605
823
700
564

September
October
1 November
December

16, 349
18, 513
16, 759
15, 941

9, 785
9,777
9,091
10, 992

9,429
9, 556
6,377
3,421

784
875
766
1,206

1923
1924
1925
1926
1927

monthly
monthly
monthly
monthly
monthly

av__
av__
av__
av__
av__

1926
January .
February..
March
April

16,709

6

8

35
85

« 2, 584
3, 129
3,659

$4, 051
5,406
6, 399
5,719

$1, 084
1,526
1, 710
1, 480

$1, 731
2,069
2,422
2,225

165
115
150
88

14
15
19
24

2,875
3,544
3, 443
3,474

6, 358
6,072
7,819
6,641

1, 667
1,452
1, 963
1,668

2, 664
2,498
3, 223
2,713

2,027
2,122
2, 633 |
2,259

552
651
670
807

68
78
63
121

27
23

3,293
3, 173
3,085
2,073

6,719
6, 958
6, 065
6, 493

1,646
1,980
1, 854
1,937

2, 761
2,597
2, 069
2, 159

2,312
2, 382
2, 143 __
2 397

1,129
1, 146
1,078
825

127
342
285
146

49
36

2,940
2, 762
2,902
2,979

6, 360
5, 955
5, 536
5, 814

1,828
1, 602
1, 455
1, 406

2, 073
2,085
1,999
2, 223

2, 459
2,208
2, 083
2,184

1, 603
799
1,551

6 295
146
662

615

1,608
1,103
737
563

1, 126
538
565
501

58, 326
56, 701
51, 699
49, 593

504
617
719
1,019

45, 483
44, 105
42, 199
42, 907

1,258
1, 363
1, 489
1,273

1, 940
1,021
2,264

43

84

$1, 236
1,812
2, 267
2,014

i
7

190

|
i

._.

|

1927
January
February _
March
April
May
June
July
August

13, 660
12, 733
13, 640
14, 169

May
June
July
August
September
October
November...
December

46, 355
48, 010
47, 822
47, 869

1,475
880
1, 661
1,726

749
621
1,221
1,122

152
132
490
532

216
18
26
53

3,247
3,309
4,802
4,113

5, 327
5,678
7, 161
5,823

1, 263
1,370
1, 714
1,459

2, 351
2,447
2,970
2,370

1,713
1,861
2,477
1, 995

7,128
8, 833
9,598
10, 624

7, 016
9, 303
6,936
8,676

666
838
949
908

47, 516
45, 453
41, 056
38, 849

1,779
2, ?47
2,128
2,333

1,275
1,918
1,356
1,768

572
583
593
849

19
42
177
119

3,853
3,757
3. 564
3,170

5,726
6,018
5,477
5,863

1, 350
1, 609
1, 622
1, 778

2,437
2,348
2,011
1,934

1, 939
2,061
1, 845
2,151

8,882
10, 546
10, 245
8, 384

8,170
9,305
7,129
6,009

722
913
1, 415
1,087

38, 696
39, 723
41, 727
42, 802

2, 634
3,697
3,347
3,255

1,390
2,169
2, 520
2,498

996
1, 096
976
874

27
46
142
129

3, 068
3,899
3, 872
3,257

5, 467
5,244
4,941
5,898

1,497
1,368
1,175
1,557

1, 963
1,837
1,840
2, 190

2,007
2, 039
1, 925
2,151

196
181
193

17, 682
19, 181

22, 583
18, 575

10, 786
10, 802
10, 083
8, 639

6,314
6, 754
9,407
6,173

793
1,127
1, 169
819

43, 796
44, 289
46, 144
48, 892

3,431
3,628
3,747
2,928

2,243
2,087
1, 692
1, 524

916
992
1,090
884

675
529
282
141

3,148
3,381
3,822
4,084

5, 630
5, 838
6, 675
5,406

1,388
1, 351
1, 524
1,211

2, 257
2,289
2, 589
2,078

1, 984
2, 199
2, 562
2,117

218
195
216
169

433
493
667
475

21, 597

1928
January
February
March
April

793
1,113
772
768

18, 452
21, 151
20, 556
19, 203

September
October
.
November
December

4,013
4, 062
6, 367
6,507

16, 133
16, 341
15, 907
18, 363

- --

6,685
6,652
7, 906
6,682

8,897

7,559

884

52, 387

3,519

1,855

894

120

4,558

6,274

1,352

2,666

2, 255

177

661

1

i

!

•
!

|

:

!

i

!
i
|
i

1 Compiled by the Rubber Association of America, from reports of from 13 to 16 manufacturers each month, who made 63 per cent of the total output of rubber heels
for sale as such, in 1925, according to the census of manufactures. Only salable heels are included, none so imperfect as to result m their being reclaimed. Details by kinds
of soles and heels are presented in the association's reports. Stocks include merchandise constituting domestic stock in factory, and in transit to, or at, warehouses, branches,
or in possession of dealers on consignment basis, and represent all merchandise still owned by manufacturers as domestic stocks. Shipments include only stock forwarded
to a 2purchaser and exclude goods forwarded to a warehouse, branch, or on a consignment basis.
Compiled by the Rubber Association of America from reports of 11 manufacturers whose shipments in 1925 represented 78 per cent of the total output of rubber belting
and 70 per cent of the output of rubber hose, measured in value, according to the census of manufactures. Details by classes are shown in the association's reports.
3 Includes tubing, packing, mats and matting (except tiling), molded goods, lathe-cut goods, and miscellaneous, but excludes jar rings, tapes, and thread.
4
Compiled by the Rubber Association of America from reports of 8 manufacturers estimated to represent 80 per cent of the industry. Details by kinds of packages are
given in the association's reports.
« Compiled by the Rubber Association of America from reports of 10 manufacturers. The data include individually cut tile and other types of rubber flooring whether
in sheet form or not, such as Pullman-car tiling, but exclude regular corrugated, knobbed, and perforated mats and matting, automobile mats, etc. Details by widths
are given in the association's reports.
6
8 months' average, April through December.
f 3 months' average, October through December.




58

Table 36.—HIDES AND SKINS

Total
hides
and
skins

Cattle

YEAR AND
MONTH
s>

ft

1

£5

se

8

m

®
s
&

w

w

ft

'i
oe

Calfskins

Cattle Goat- Sheephides skins skins

|

Cattle
hides

Ca5f
and
kip
skins

Sheep
and
lamb
skins

GO

Dolls, per
pound

Thousands of pounds

Thousands of animals

1
1909-13 monthly av
1913 monthly a v _ _ _
1914 monthly a v _ _ _
1915 monthly av.__
1916 monthly av_._
1917 monthly av__.
1918 monthly av...
1919 monthly av

582
563
59(5
692
863
936
8^1

160
141
152
197
262
288
331

2, 850
2,711
3,198
3,590
2, 825
3,435
3,484

1,201
1,186
1,018
995
779
860
1,058

45
43
44
54
61
74
79

139
188
218
193
174
189
194

1920 monthly av...
1921 monthly av
1922 monthly av__.
1923monthlyav___
1924 monthly av _ _ _
1925 monthly av...
1926 monthly av.__
1927 monthly av...

717
634
723
764
799
821
848
793

3,168
338
317
3,249
349
3,593
375 ' 4, 445
411
4,406
3,587
446
429
3,386
407
3,636

915
1,084
911
961
999
1,000
1,080
1,074

69
60
69
68
75
81
91
96

1926
September
October
November
December

971
996
947
887

408
446
435
410

2,616
2,976
3,610
4,394

1,224
1,167
1,039
1,172

1927
January
February
March
April

786
700
761
742

397
377
457
454

4,514
3,395
3,837
3,330

May
June ..
July
August

785
799
743
838

462
430
355
389

September
October
November
December

828
895
881
761

1928
January
February
March _
April

I

42
38
33
35
29
32
51

42 854
41, 490
46, 350
53, 856
60, 526
52, 589
30, 158
62, 070

* 6. Sin
0, 372
5, 576
4, 076
5, 221
2,466
632
5,380

149
136
161
188
243
220
208
212

55
54
50
42
43
41
46
52

42, 520
29, 004
45, 931
44, 298
29, 713
30, 203
30, 715
37, 176

101
111
124
89

189
217
264
254

75
113
120
46

1, 115
1,006
1,027
960

70
60
82
99

255
220
234
210

3,766
4,253
3,431
3,050

992
1,058
1,014
1,168

115
98
89
109

357
413
411
376

2, 534
2,969
3,688
4,869

1,185
1,194
1,070
1,094

711
666
665
623

383
374
407
438

5,479
5,780
5,140
3,446

723
706

473
398

3,804
4,078

May
June
July
August

Total
hides
and
skins

WHOLESALE
PRICES <
Calfskins, country
No. 1 (Chicago)

Canada

United States

1
"rt
Q

STOCKS, END OF MONTH 3

IMPORTS 2

Green, salted, packers' heavy native
steers (Chicago)

INSPECTED SLAUGHTER 1

5

5, 289 i
5,684
5,495
6,257
8, 461
6,999
4, 372 •;
7,086

19, 160
18, 629
25, 671
34, 053
33, 683
30, 890
18, 421
33, 940

8,199
7,473
6,321
6, 607
8,686
7,409
5,197
11, 138

2, 928
3,995
4,627
4, 058
3,426
2,401
3, 767
3,684

22, 944
15, 016
27, 040
24, 331
15, 468
13, 899
12, 538
19, 680

6,684
5, 260
6, 745
7,154
4, 353
6,807
7,300
6,775

6,896 i 6 435, 477
3,821 i 430, 897
5, 381
355, 025
357, 392
6,342
4, 837
267, 533
5,138
270, 370
4,948
284, 318
239, 262
4,776

29, 796
29, 189
22, 956
23 352

3,829
4, 642
3,475
3,133

11, 531
12, 788
8,905
9,121

6,713
6,046
5,323
5,617

5, 634
3,812
3,475
3,473

284, 326
282, 936
281, 620
265, 932

222, 234
222, 556
221, 880
210, 772

41, 561
40, 735
40, 747
36,384

30
21
20
17

26, 110
24, 553
34, 546
33,234

2,296
2,963
3,319
2,809

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
195, 481
186, 430
170, 732

213
215
148
161

14
21
33
59

37, 105
42, 372
37, 299
55, 397

3,598
4,516
4,025
5, 544

16, 699
20, 223
20, 506
33, 495

8,267
7,507
5,770
6,973

6,393
6,801
4, 654
6,245

230, 924
226, 274
232, 103
239, 049

98
117
132
79

174
208
248
254

89
138
133
43

43, 665
36, 356
37, 328
38, 151

4,545
3, 699
3,717
3,177

25, 383
21, 561
20, 634
23, 391

6,485
5,700
6,585
5,326

4,510
3, 195
4,676
3,740

1,151
1,048
1,016
918

66
61
81
96

271
248
247
222

26
18
17
16

36, 409
33, 421
48, 489
45, 443

3, 410
2,861
3,018
2, 836

18, 856
16, 269
28, 833
26, 101

5, 448
7,453
8,362
8,182

1,015
1,109

123
99

219
205

17
25

61, 288
58, 091

4,387
4,457

36, 913
34, 168

10, 082
8,383

$0. 184 $0. 189
.196
.210
.215
.242
.262
.327
.301
.393

.338
.406
.371
.685

.312
.139
.181
.166
.147
.160
.141
.195

.368
.149
.160
.157
.184
.202
.174
.197

20, 531
19, 645
18, 993
18, 776

.152
.161
.153
.151

.178
.178
.168
.167

32, 368
31, 897
31, 435
31, 638

17, 318
16, 945
16,229
18, 309

.155
.145
.140
.152

.169
.158
.152
.160

174, 407
169, 671
172, 008
180, 700

35, 532
35, 247
38,441
36, 321

20, 985
21, 356
21, 654
22,028

.168
.195
.219
.215

.177
.201
.226
.212

243, 327
248, 187
249, 673
242, 300

188, 797
200, 220
203, 146
198, 623

33, 024
27,942
26, 973
26, 803

21, 506
20, 025
19, 554
16, 874

.224
.233
.242
.250

.210
.218
.228
.250

5,117
4,276
4,841
5,428

244, 242
238, 736
229, 970
228, 037

204, 224
200, 897
194, 655
190, 492

23, 825
21, 615
20, 136
22, 687

16, 193
16, 224
15, 179
14, 858

.261
.248
.237
.256

.300
.291
.269
.295

6,016
7,323

241, 264

197, 775

25, 961

17,528

.246
.224

.295
.266

o 340, 339 6 63, 139 o 32, 916
339, 548
58, 414
32, 935
275, 293
52, 281
27, 452
288, 589
46, 485
22, 319
29, 878
15, 601
222, 046
33, 218
220, 282
16, 870
229, 340
37, 319
17, 659
187, 645
32, 302
19, 399

j

September .
October
November
December
II

1 Data for the United States compiled by the V. 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 given here as indications to hide output. Monthly data from 1909 appeared in the August, 1927, issue (No. 72), p. 138. 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
Compiled by the 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.
4
Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices.
» 4-year monthly average, 1910-1913.
fl 4 months' average, September to December, inclusive.




59

Table 37.—LEATHER AND LEATHER PRODUCTS
UPPER LEATHER

YEAH AND
MONTH

Sole
In
only i Total 2 process
Thous.
of backs,
bends,
and
sides

Finished

Exports 3

Dols.
per
Ib.

Thousands of pounds

1913 mo. av_
1914mo.av_
1915mo.av_
i 916 mo av
1917 mo. av.
1018 mo. av.
1119 mo av

1,653
1 870

1920mo.av_
1921mo.av.
1922mo.av_
1923 mo. av_
1924 mo. av.
1925mo.av_
1926 mo. av.
1927mo.av_

1,535 7 23, 742
1, 499
25, 657
1 478 24, 557
1, 561 27, 411
1, 220 21, 655
1, 240 22,431
1,135 21, 859
1,319
24, 734

1926
September .
October
November.
December „_

1, 152
1,226
1,170
1,256

1927
January _ _ _
February. _
March
April

Production 2

In

process

Finished

Exports'

114 810 7 161, 573

4

Wholesale prices
WoMen's Men's men's
ProProducEx- 3 black dress black
calf
welt
duckid, tion (cut) °
tan
tion J ports bludress
calf
cher
welt
(Bos- (St.
lace
ton) Louis) oxford

Dols.
per Thous. of pairs
sq. ft.

Thousands of square feet

$0 27
.28
29
45
58
60
.97

2 605 $0 44
4,319
.47
6, 751
50
7 540
64
3 657
83
2 229
80
10 222
91

Dozen
pairs

Dollars per pair

27, 602

842
827
1,412
1,623
1,237
1,100
1,780

$3.11
3.17
3.25
3.71
4.75
5.63
7.60

$3.17
3.28
3.35
4.01
5.68
5.65
7.77

23, 898
26, 990
29, 260
26, 102
26, 963
27, 043
28,551

1,403
746
450
612
526
550
476
460

8.95
7.00
6.51
6.43
6.25
6.39
6.40
6.43

8.14
5.18
4.74
4.85
4.88
5.13
4.92
4.93

$4.13
4.07
4.00

s 197, 593
188, 854
200, 536
208, 039
217, 882

24, 389

7 42, 344 7 142, 136 7 400, 906
164, 216 423, 021
57, 986
72, 963
166, 770 428, 169
78, 019
158, 852 387, 376
64,118 133, 758 358,168
140, 367 305, 637
63, 407
69, 681
152, 301 292,108
67, 420
148, 432
258, 144

10, 416
9,228
11,264
11,392
11,739
12, 355

99
.52
.44
.44
.45
.47
.45
.49

69, 090
71, 678
67, 979
75, 297

151, 905
147, 457
149, 048
149, 900

278, 719
274, 918
277, 072
274, 762

11, 348
11, 750
12, 258
12,790

.45
.45
.45
.45

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

218, 191
299, 798
196, 060
176, 605

.43
.43
.43
.43

71, 974
68,506
68, 747
59,753

158, 946
151, 364
150, 325
145, 298

272, 897
274, 197
277, 143
274, 983

12, 663
11, 636
12, 293
13, 388

.45
.45
.46
.46

24, 993
27, 292
31,277
28, 389

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

196, 270
197, 987
230, 749
219, 370

521
819
820
753

.45
.49
.51
.53

60, 197
69, 866
60, 224
72, 095

144, 257
142, 181
150, 216
148, 821

267, 949
251,871
248, 819
245, 995

11,151
11,081
11, 755
10, 576

.48
.48
.51
.51

25, 626
27, 497
27, 775
35, 061

586
591
456
337

6.40
6.40
6.40
6.40

4.85
4.90
5.00
5.00

4.00
4.00
4.00
4.00

208, 924
223, 177
213, 773
241, 652

61, 355
60, 811
59, 163
57, 017

730
800
719
924

.53
.55
.55
.59

69, 399
70, 081
66, 056
72, 143

144, 881
147, 790
148, 978
148, 121

241, 835
244, 268
250, 364
247, 409

10, 518
12, 177
16, 530
14, 488

.51
.51
.51
.54

33, 933
32, 267
25, 973
23,525

312
376
433
381

6.50
6.50
6.50
6.50

5.00
5.00
5.00
5.00

4.00
4.00
4.00
4.00

229, 999
244, 090
225, 779
182, 810

85,396
86, 028
87,299
89, 181

54,828
54, 085
54, 302
57, 335

1,265
1,076
971
753

.59
.65
.65
.66

71, 415
70, 509
73, 045
63, 730

149, 952
147,315
141, 386
140, 713

245, 931
242, 361
249, 023
253, 557

15,532
15, 567
14, 297
10, 846

.54
25, 939
.60 1 29, 248
32, 013
.60
26, 332
.60

388
303
471
394

6.75
6.75
6.75
6.75

5.00
5.00
5.00
5.00

4.03
4.15
4.15
4.15

177, 884
194, 874
223, 271
210, 420

90, 734

59, 614

6.50
538

.67
.68

62, 074

141, 068

255, 397

11,400
8,949

.60
.53

26, 332
26, 160

409
318

6.75
6.75

5.00
5.00

4.15
4.15

224, 636

111, 217
100, 679
107, 144
88, 429
87, 081
80, 148
86, 171

193, 528
186, 434
171, 631
149, 508
126, 856
95, 006
63, 855

1, 758
1,198
1,300
1,459
1,877
1,616
1,127
819

.86
.55
.52
.51
.45
.48
.44
.49

21,978
23, 681
22, 748
24, 199

81, 721
82, 261
82, 371
84, 713

85, 819
80, 491
76, 397
71, 855

1,180
879
635
839

.43
.43
.43
.43

1,170
1,221
1,411
1,397

23,235
23,944
26, 819
25, 897

85, 718
89, 060
91, 056
90, 794

67,806
66, 340
66, 235
65, 608

712
1, 039
1,150
846

May
June
July
August

1,378
1,352
1,356
1,393

25,842
25, 034
25, 576
26,040

90,395
91, 441
88, 489
84,753

66, 298
66, 315
65, 746
63, 571

September.
October
November.
December..

1,337
1,325
1,246
1,243

24,447
24, 230
22,704
23, 034

81, 015
79, 600
79, 669
82, 065

1928
January
February..
March
Auril

1,223
1,240
1,363
1,358

23, 095
23,409
25, 245
24, 761

1,407
1,399

25, 140

May
June
July
August

Stocks, end of
month 2

GLOVES

SHOES
Price, chrome
calf, *«B" grade
(Boston) *

Stocks, end of
month 2

Production

Price, sole, oak,
scoured baeks
(Boston) *

SOLE ANI> BELTING LEATHER

September.
November.
December
1

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. Hence the figures from July, 1922, on are not directly comparable with those for preceding months.
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
manufactures. 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 m 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.
.
,
,.,
T
3 Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The exports under sole and belting cover sole leather only, while under
upper leather are included cattle, calf, goat, sheep and. lamb, and patent. Exports of shoes include men's and boys', women's and children's boots and snoes but exclude
slippers, athletic shoes, sandals and other leather footwear.
.
...
T
4
Compiled by the 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.
« Compiled by the 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 m May, 1924, issue (No. 33), p, 9*.
Further details as to classes given in press releases, and details by States are given twice a year.
,
^ , ,
, ,, .
v
e Compiled by the U. S. Department of Commerce, Bureau of the Census, by 206 identical factories (including data in earlier months for 1 factory now out of business)

representing 87 per cent of the leather-glove industry according to the census of manufactures, 1921. Details by classes are given in monthly press releases.
7
http://fraser.stlouisfed.org/ for last 4 months of year.
Average

Federal Reserve Bank of St. Louis

60

Table 38.—NEWSPRINT PAPER
NEWSPRINT PAPEB
Production
United States 2

YEAR AND MONTH

Total
Short
tons
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average
1920 monthly average

Ratio
to capacity

Canada 3

Consumption
by publishers

Total

United
States *

Stocks, end of month

Shipments
At mills

lut

United
States 2

Canada a

United
States 2

Canada 3

At
publishers

0

123, 750
122 54S
127, 527
140, 352
123, 791

110, 248
142, 091
148, 760

67, 339
90, 028
105, 519
112, 750
126, 851

147, 957
170, 738
151, 179
136, 829
148, 897
166, 780
172, 998

102, 172
121, 035
123, 111
122, 505
127, 862
6 140. 399
122, 877

e 156,811

79

173, 912

$2.25
2.25
2. 05 |
2.70
3.35 j
3.41
3.88
6.00

38, 998
31,713
24, 035
23, 929
23, 324

13, 325
12, 597
10, 682

124, 789
154, 952
155, 185
144, 712

41, 155
40, 983
52, 006

18, 320
26,290
30, 701
39, 019
46, 593
49, 689
52, 311
60,822

29, 940
22, 837
22, 207
29, 357
26, 867
16, 662
24, 843

17, 033
10, 572
14, 745
19, 789
22, 454
13, 881
30, 052

188, 797
171, 121
175, 797
176, 855
152, 733
148, 043
216, 726

28, 211
36, 657
40, 601
33, 942
32, 205
36, 194
43, 820

66, 042
85, 772
109, 070
113, 103
120, 702
154, 223
165, 589

62, 969
79, 960
94, 830
101, 615
116, 805
144, 332
156, 822

5.00
3.69
3.89
3.83
3.70
3. 50
3.25

IS, 026
14, 633
13, 592
12, 030

14, 684
14, 942
12, 571
14, 345

170,
161,
180,
187,

543
917
663
272

36, 863
43, 359
37, 399
41, 560

139, 713
172, 603
169, 550
170, 159

143, 524
159, 509
153, 729
156, 408

3.50
3.50
3.50
3. 50

i

113 858
106, 049
114, 880
125, 215

Price
roll,
f. o. b.
mill i

Dolls.
per ton

°

61, 251
67, 284
72, 931

102, 103
120, 641

Canada 3

Sh rt tons

I

1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average.
1927 monthly average

Exports

United
States «

United States <

~i
113, 251
105, 024
U4 543
125, 997

Emports

In
transit to
pubs.

62, 083
67, 922
72, 563 !
66, 930
90,499
104, 793
112, 063
127, 096
6 156, 562
171, 896

12, 233
24, 382
20, 384
38, 601
45, 026
50, 425
55, 203
59, 469

1

1936
September
October
.
November..
December

135. 848

161, 387
168, 500
164, 798
163, 717

163, 089
186, 860
183, 368
172, 537

136,
145,
141,
136,

135, 395
119, 953
133, 207
129, 892

161, 724

168, 241
156, 621
176, 356
186, 138

130, 973
117, 636
128, 927
128, 666

158, 866
146, 365
169, 061
168, 711

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, 532
147, 635

142, 329
141, 199
184, 502
123, 449 ;

3.25
3. 25
3.25
3.25

May
June
July
August __

127, 395
129, 201

171, 586

118,929

162, 449
180, 116

186, 268
169, 536
157, 325
154, 167

126, 984
126, 289
119, 686
123, 926

170,
168,
159,
180,

24, 233
26, 549
27, 764
30, 335

27,520
28, 851
32, 282
31, 743

193, 005
196, 860
205, 967
231, 992

43, 862
40, 784
40, 476
40, 916

170, 545
161, 472
159, 687
167, 475

149, 924 \
159, 495 i
140, 543
163, 115

3.25
3. 25
3.25
3.25

September
October
_
November
December

114, 659
113, 126
117, 166

80
77
79
81

178, 815
191, 171
190, 293
181, 600

169, 286
184, 805
185, 202
182, 027

114, 003

177,195

116,885

188, 769
187, 766
181, 439

30,
27,
28,
20,

751
939
543
877

33, 384
35, 774
38, 074
38, 117

225, 310
214, 872
214, 639

45, 570
45, 789
46, 176
46, 708

168,
175,
188,
180,

168, 855 j
159, 284
179, 969
169, 202

3. 25
3.25
3.25
3.25

84
79
80
84

186, 721
189, 822
197, 976
192, 645

172, 952
162, 573
186, 232
181, 112

114,211

25, 905
28, 499
34, 648
33, 734

37, 731
39, 145
47, 657
46, 641

207, 449

188,384

46, 522
48, 212
41,613
43, 363

177, 808
172, 635
172, 896
163, 179

157, 466

118, 453

186, 829
188, 163
190, 305
193, 443 !

3. 25
3.25
3. 25
3.25

84

203, 811
192. 391

186, 641

122, 540
116, 901

203, 836
190, 936 j

37,207
39, 979

46,290
47, 937

184, 580

43,627

181, 913
163, 807

_|

135, 069

1927
January
February
IVIarch
April

1938
January
_
February
March
April
.
__
May
June
Julv
August _ _
September
October
November
December.
1
2

142, 482
140.427

151,986

174, 094
166, 460

171,819

127, 065

119,312

119, 525
112, 302

_

119,932

117, 553
126, 010
119, 673

162,
168,
167,
161,

963
818
042
501

116, 468
123, 883

109, 666
113.752

740
821 j
135
922

468
951
843
666

!

218,177

215,118

206, 392

630
484
624
670

183,414

216, 160
1*0, 0.11
194, 298

3.25
3.25

j

f

____

1
|

j

Newsprint prices are averages of wholesale weekly prices of roll newsprint f. o. b. mill from U. S. Department oj Labor, Bureau oj Labor Statistics.
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.
a Production, shipments, and mill stocks of newsprint, comprising practically the total production of Canada, furnished by the Newsprint Service Bureau; exports from
Department of Trade and Commerce, Dominion Bureau of Statistics. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 49.
* Consumption, publishers' stocks, and stocks in transit, compiled by the Federal Trade Commission through May, 1923, have been compiled since then by the American
Newspaper Publishers' Association from reports of about 422 publishers who were included in the 600 reporting to the Federal Trade Commission and had on hand on May
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.
5
Compiled by the U. S. Department oj Commerce, Bureau oj Foreign and Domestic Commerce. Prior to Sept, 1, 1916, imports include only paper valued at not above
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.
6
Annual averages are slightly larger than computations from monthly figures owing to receipt of annual instead of monthly reports from a few small firms.




61

Table 39.—BOOK PAPER AND PRINTING
BOOK PUBLICATION 2

BOOK PAPER i

Actual

Short tons

1917
1918
1919
1920
1921
1922

monthly
monthly
monthly
monthly
monthly
monthly

av
av
av_._.
av
av
av

1923
1924
1925
1926
1927

monthly av
monthly av
monthly av
monthly av
monthly av

Baiio
to
capac.
Per
cent

Shipments

Stocks,
end of
month

AmerImican
manu- ported
Un- Coat- Unbooks
facCoat- coated
ed coat- ture
ed

Per cent of
normal production

Short tons

New
orders

Shipments

ed

Days'
production

Number of
editions

Thousands of books

CASH
CHECKS «

BLANK
FORMS «

Activity

Shipments

New
orders

Relative to
1924

Thous.
of
checks

Thous.
of sets

728
695
648
621
581
604

74, 357
70, 763
76, 232
92 039
60, 499
81, 827

72, 958
71, 464
76, 665
91, 895
59, 353
82, 037

93, 466
102 569
107, 038
112, 182
110, 963

92, 355
102, 814
106, 236
112, 054
110, 335

46, 439
48, 851
58, 870
62, 354
71,212

86
82
86
82

96
92
93
84

10, 046
9,592
7,665
10, 779

9, 850
11,118
8,264
10, 083

798

14
12
13
9

10
9
8
9

110
75
67
81
113
116

626
611
667
681
733

113
144
131
137
113

11, 344
10, 988
11, 991
11,931
12, 133

11, 488
11,260
11,916
11,967
11, 931

100
100
101
100
103

87, 489
79, 982
88, 297
86, 239
76, 038

27, 145
31, 529
34, 524

36, 845
29, 622
31, 643
23, 719
36, 234
38,221

84

PRINTING*

Unfilled
orders, end
of month

New orders

Production
YEAR AND MONTH

SALES BOOKS a

1926
September
October
November
December

110,829
113,046
115,307
117, 613

111,494
117, 169
112, 540
116, 907

67, 073
62, 378
61, 130
62, 353

85
85
79
82

88
99
93
88

9
8
7
5

12
13
13
12

805
920
737
634

135
187
174
96

12, 682
11,719
11,091
10, 244

12, 096
12, 814
12, 386
12, 544

102
103
103
102

83, 387
93, 759
74, 263
72, 634

32,919
37, 267
36, 803
28, 892

1937
January
February
March
April

119,965
111, 569
123, 839
110,217

117, 565
112,015
121, 858
110, 658

64, 847
64, 199
66, 767
66, 099

87
94
94
87

93
97
90
90

9
10
10

10
11
9
10

722
660
699
819

132
113
141
135

12, 919
11,632
12, 085
11,045

11,178
11, 197
12, 521
11, 167

104
108
110
107

73, 841
77, 268
84, 749
71, 767

33, 091
29, 236
31, 3GO
31, 270

103, 604
110, 856
100, 879
112, 984

100, 185
110,080
100, 677
111,176

71, 387
72, 101
73, 543
75, 749

84
76
79
70

89
68
77
76

12
8
9
7

10
8
8
8

693
588
723
626

70
93
105
129

12, 233
11, 790
12, 231
12, 739

10, 781
12, 707
8,870
13, 446

107
99
90
93

79, 472
72, 659
77, 741
74, 469

36, 739
34, 302
31,237
33, 838

May
June
July
August

September..
October
November _ _
December..

-

106, 205
109, 391
111,579
110,463

84
83
85
83

106,417
110,813
109, 347
113, 225

75, 749
74, 234
76, 461
73,403

76
76
77
82

82
85
77
79

7
8
9
8

9
9
8
8

830
981
738
720

89
143
102
102

12, 277
13, 851
12, 126
10, 671

12, 387
12, 898
13,086
12, 934

99
105
104
105

76,364
71, 625
82, 093
70, 413

35, 088
37, 258
36,614
44, 257

1928
January
February
March
April

121, 509
123, 939
137, 572
125, 191

90
93
91
91

125, 033
123, 567
135, 370
117,304

68, 265
69, 630
72, 415
81, 105

83
96
88
97

87
86
81
84

11
11
10
12

9
9
8
9

507
654
853
697

118
153
151
123

12, 329
12, 332
13, 190
11,790

11,897
11,722
11,930
11,807

108
109
112
111

75, 144
65, 865
78, 629
71, 715

43, 173
37, 172
40, 221
40, 880

May

130, 199

90

124, 861

86, 782

74
75

77

11
9

7

599

119

12, 162
12,711

11, 645
13, 100

80, 116
94, 668

48, 024

__ _

June
July
August .
September _ _
October
November
December

._ _

j
|
|

I
i

i

1

i Compiled by the American Paper and Palp Association, beginning with June, 1923, figures previous to that date having been compiled by the Federal Trade Commission,
representing practically complete production. Owing to variations in the number of reporting firms, beginning with June, 1923, the data on production and stocks have
been computed by link relatives, based on identical firms from the previous month. Shipments during this period have been computed by applying to the computed
production figures the ratio of shipments to production of the firms reporting. Data on new orders and unfilled orders are compiled from weekly reports of a smaller number
of mills, 28 on coated paper and 10 on uncoated. Unfilled orders show the average number of days which orders on hand will need for completion.
3
Compiled by the Publishers' Weekly. Imported books are those 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. Annual averages from 1913 through 1916 appeared in the August, 1927, issue (No. 72), p. 58.
3 Compiled by the Sales Book Manufacturers' Association from reports of 11 manufacturers, estimated to represent 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,
but 4not interchangeable covers and accessories. Monthly data on new orders from 1919 appeared in the July, 1926, issue (No. 59), p. 24.
Compiled by the United Typothetsc of America, representing the activity of job printing plants in 52 cities in 30 States, based on the productive hours of each department, the departments being weighted by their relative importance. Monthly data from 1922 appeared in the November, 1927, issue (No. 75), p. 25.
8
Compiled by the Cash Check Manufacturers' Association from reports of 8 manufacturers of punch and tear-oII checks such as used in restaurants. The association's
report shows these classes separately, together with values and relation to normal. Monthly data from 1923 appeared in the May, 1928, issue (No. 81), p. 48.
8
Compiled by the Continuous Fold Printers Association, from reports of 7 firms, representing from 80 to 90 per cent of the industry and presenting data on new orders
of continuously printed and folded forms, such as invoices, bills of lading, etc., used by railroads, steamship lines, banks and commercial concerns. The association's reports
show number and value of orders and number of parts, divided as between railroad and steamship forms and commercial and bank forms. Monthly data from 1925 appeared
in the May, 1928, issue (No. 81), p. 48.
7
11 months' average, Februaay to December, inclusive.




62

BINDERS'
BOARD i

Table 40.—PAPER BOARD AND BOXES

Stocks of waste
paper, end mo.
Operation

Prodi! ctioa

Short
tons

8,442

1926
May
June
July . ..
August

av
av__
av._
av__
av_.
av_.
av_.

Production

New
orders

Unfilled
orders,
end of
month

Thotis. Perct.
of inch- capac.
hours

I
1, 569 '
2, 256
2, 675
2,314
2, 712
3,067
2,474

1921 mo.
1922 mo.
1923 mo.
1924 rno.
1925 mo.
1926 mo.
1927 mo.

PAPER-BOARD SHIPPING BOXES a

Consumption,
waste
paper

Shipments

H

65
81
79

162, 097
172, 962
153, 773
145, 186

45, 383
43, 508
52, 090
50, 080

892
912
582
403

207, 934
215, 931
206, 591
224, 702

54, 599
60, 080
59, 193
60, 420

140,
139,
145,
195,

718
967
334
597

45, 327
58, 820
60, 462
57, 285

79
77
77
82

79
77
78
83

212,
216,
201,
159,

608
871
633
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

163,
182,
209,
189,

337
322
730
942

175,
189,
217,
209,

528
032
876
944

53, 562
53, 327
54, 566
50, 211

163,
158,
155,
147,

023
222
513
938

38, 062
40, 602
43, 789
46, 314

93, 248
94, 847
115, 097
112, 763

193, 077
207, 187
182, 472
229, 130

201,
211,
195,
231,

788
828
635
265

48, 906
52, 452
49, 519
52, 283

149,
151,
151,
130,

438
671
094
503

441
548
567
852

120, 331
105, 600
76, 471
74, 430

217, 721
220, 974
204, 836
179, 129

229,
228,
214,
183,

874
222
366
028

43, 115
41, 863
41,317
42, 610

549
051
753
237

82, 446
86, 780
94, 065
84, 513

190, 631
194, 751
209, 806
211,869

198, 194
211, 687
237, 807
220, 248

224, 220

73, 157

220, 261

235, 648

8, 636
8,086

185,
197,
208,
206,

788
970
857
733

98, 370
102, 502
99, 809
101, 391

176,
185,
201,
198,

854
638
829
321

185,
197,
210,
207,

3,718
2,944
3,697
3,084

8,400
9,140
8,604
9,140

84.0
87.9
82.8
87.9

207,
221,
206,
226,

498
909
235
337

200, 832
242, 089
219, 271
212, 845

83, 452
109, 559
122, 202
110, 362

193,
213,
201,
222,

2,915
3,534
2, 043
2,748

9,312
9, 659
8,527
6,943

93.1
92.9
85.3
66.8

230, 050
226, 180
217, 850
165, 074

219, 850
224, 829
187, 295
190, 163

102, 027
93, 263
69, 118
86, 562

1927
January
February
March
April
._

2,306
2,730
2,774
3,040

6,999
7,583
8,628
7,771

70.0
79.0
79.9
74.7

173,
189,
219,
205,

629
273
824
589

194,
183,
230,
197,

105,
102,
114,
101,

May
June
July
August.

2,796
2,372
2,218
2,112

7,836
8,277
7,490
8,962

78.4
79.6
74.9
83.0

200,
214,
191,
234,

216
704
379
269

194, 122
213, 735
213, 938
228, 943

SeptemberOctober
November—
December

2,461
2,537
2,400
1,940

8,752
8,902
8,367
7,524

87.5
85.6
83.7
72.4

227, 114
226, 141
214, 310
187, 748

237,
221,
185,
179,

1938
January
February
March
April

2, 547
4,382
3,626
3,450

7,892
8,194
8,856
8,312

78.9
82.0
82.0
83.1

205,
213,
227,
221,

205,
216,
245,
211,

3,720
2,705

8,721

83.9

241, 919

Total

Corrugated

1

45
66
79
72
78
81
75

411
702
162
364

81.0
80.6
84.4
79.1

•d

normal° f

50
70
79
74
78
80
75

861
745
490
627
788
743
850

Production

o
JZ
(Si

P

31, 667
28, 967
45, 031
50, 271
54, 472
56, 509
45, 186

101,
147,
170
185,
197,
210,
207,

May
June
July
August

In
transit
and unAt mills shipped
purchases

Short tons

September.—
October
November...
December

i
'

Stocks,
end of
month

Operating
time
Corrugated

YEAR AND
MONTH

BOX BOARD a

Solid '
fiber
j
1
1

Thousands of square feet

226, 622
291, 036
306, 743
350, 418
404, 859
393, 354

149, 323
211,654
231, 190
274, 516
321, 505
315, 405

77,299 •
79, 382
75, 553
76, 397
83, 353
77, 949

78
78
75
79

382,
387,
403,
441,

405
650
386
593

298, 150
302, 622
316, 039
348, 835

84, 255
85,028 ;
87,347 ;
92, 758 !

83
89
82
70

76
81
72
65

441,
476,
431,
359,

372
543
378
602

354, 798
386, 104
353, 307
287, 714

86, 574
90, 439
78, 071
71, 888

71
81
79

72
82
80
76

68
78
76
77

371, 748
421, 165
421, 110
403, 165

203, 677
336, 910
338, 400
322,002

78, 071
84, 255
82, 710
81, 163

59, 289
43, 807
51, 520
72, 087

75
67
68
72

75
68
69
76

76
64
66
82

406,
360,
383,
400,

633
888
565
806

326,
290,
308,
317,

474
546
585
529

80, 159
70,342
74, 980
83,277

127, 649
128,443
133, 184
145, 549

53, 875
65, 008
52, 161
34, 512

80
85
77
66

79
85
76
64

84
83
81
72

386,
427,
395,
342,

039
263
491
376

308, 585
348, 835
320, 511
272, 807

77, 454
78,428
74, 980
69, 569

49, 172
50, 490
40, 424
40, 312

157, 185
142, 723
139, 775
132, 719

62, 791
60, 918
47, 582
47, 551

69
77
80
74

67
75
78
72

75
84
85
80

347, 622
402, 183
425, 361
405, 319

227,
326,
348,
327,

280
430
835
815

70, 342
75, 753
76, 526
78, 845

48, 906

127,352

46, 225

72
76

69
74

80
83

402, 956
423, 282

323, 493
341, 291

79, 463
81, 991

;:
i

j

065
066
573
046

285
861
065
435

669
005
369
861

September _
October
November
December..
1
Compiled by the Binders Board Manufacturers' Association, from reports of 6 firms (including in previous years firms since consolidated or out of business), the association's output representing 84 per cent of the total output of the industry in 1925, according to the census of manufactures.
2 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 3data 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. 30 identical companies report corrugated board
data and 11 report solid fiber data. Data for the former individual associations, extending back to 1919 for the Container Club, are given in the August, 1923, issue (No. 24)
but are not comparable with data shown here, as the former National Association of Corrugated and Fiber Box Manufacturers reported in their totals single face board (used
(principally for wrapping purposes), which is excluded from the tabulation above. Monthly data for 1921 and 1922 on the present basis, including relative prices of finished
board and raw materials, appeared in the November, 1923, issue (No. 27), p. 89. The production of boxes is measured by the area of board passing through the box machines.




63

Table 41.—WRAPPING, FINE, AND TOTAL PAPER'
WRAPPING PAPER

WHITING (FINE) PAPER

Stocks,
end of
Ra- Ship:to to ments month
Actual
Actual capac.
Per
Short
Short tons
tons
cent

TOTAL PAPEll

Production

Production

Production
YEAR AND
MONTH

ALL OTHER GRADES

Stocks,
end of
month

ShipRa- ments
io to

capac.
Per
cent

Production

Shipments

Stocks,
end of
month

Actual

Ratio to
capac.
Per
cent

Short tons

1917 mo. av
1918 mo. av
1919 mo. av
1920 ino. av
1921 mo. av
1922 mo. av

60, 626
59, 500
57, 851
69, 324
54, 300
69, 689

57, 946
60, 588
58, 993
68, 573
53, 213
68, 375

53, 551
37, 664
54, 702
26, 013
55, 465
61, 228

24, 030
30, 668
28, 647
32, 444
20, 207
30, 088

23, 578
30, 495
28, 902
32, 544
19, 900
29, 859

32, 500
29, 308
36, 845
29, 268
37, 377
36, 630

70, 658
77, 757
76, 085
98, 627
70, 426
102, 758

69, 422
78, 619
76, 394
97, 095
70, 453
102, 640

41,093
29, 308
37, 500
36, 594
49, 044
47, 488

85, 320
84, 639
90, 615
89, 582
90, 596

81, 866
83, 470
93, 822
90, 416
88, 122

67, 370
108, 635
99, 577
68, 741
75, 621

31,341
30, 810
37, 410
38, 259
37, 226

30, 511
30, 512
37, 345
38, 035
37, 321

43, 913
50, 278
50, 650
51,571
50, 564

90, 630
92 752
99, 737
102, 790
99, 895

89, 570
95, 767
99, 127
102, 755
98, 705

53, 279
57,811
62, 855
74, 312
70, 430

594, 996
618, 946
660, 114
693, 346
6G9, 401

Short tons

493, 304
504, 294
515, 861
553, 278
409, 398
552, 748

1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 mo.

Stocks,
end of
moKth

Shipments

av
av
av
av
av

285

291

238, 113
189, 240
238, 999
181,910
239, 697
235, 371

280

617, 479
662, 096
693, 259
665, 459

278, 239
345, 203
353, 290
330, 267
341, 329

1926
May
_
June
July
.A ugust

82, 905
87, 391
84, 142
92, 546

81, 993
85, 556
88, 854
93, 564

70, 147
72, 019
67, 642
66,211

39, 271
36, 780
36, 489
36, 488

37, 818
34, 205
37, 547
35, 065

51, 040
53, 675
52, 104
53, 528

104, 575
103, 594
98, 006
97, 525

99, 172
100, 988
99, 132
101,512

80, 834
84, 146
81, 963
77, 675

684, 847
703, 627
666, 085
700, 587

673, 646
685, 600
678, 220
697, 209

337, 139
356, 692
341, 950
344, 682

September
October
November
December

90, 432
95, 384
92, 125
89, 475

90, 342
95, 289
92, 309
90, 459

64, 444
67, 914
67, 446
67, 860

36, 751
37, 756
38, 113
35, 650

36, 420
40, 021
36, 779
35, 472

53, 843
51, 609
52, 959
52, 408

103, 174
109, 903
105, 511
96, 260

105, 522
114, 260
106, 946
97, 908

75, 215
68, 908
67, 746
65, 894

707, 084
724, 751
709, 333
639, 141

708, 565
746, 150
700, 621
650, 062

341, 270
321, 092
324, 931
315, 704

1927
January
February
March
April

91, 760
86, 051
98, 325
93, 419

90, 934
85, 449
95, 179
87, 627

68, 465
66, 916
69, 116
72, 705

35, 148
34, 064
39, 195
40, 539

35, 043
35, 869
40,684
39, 931

52, 794
50, 999
49, 518
49, 446

100, 755
93, 572
108, 797
99, 211

99, 762
95, 095
107, 835
98, 063

67, 593
65, 697
66, 662
67, 589

656, 652
634, 482
723, 187
678, 867

649,
635,
712,
674,

805
096
359
889

323, 229
319, 564
329, 373
330, 155

May
June
July
August

84, 451
88, 818
85, 305
94 193

80, 735
87, 219
82, 490
92, 215

73, 081
74, 532
76, 796
78, 626

38, 734
37, 635
33, 360
37, 098

38, 424
36, 167
35, 729
35, 688

50,436
51, 695
48, 801
50, 199

100, 357
100, 515
90, 382
103, 623

98, 298
99, 025
90, 583
102, 358

72, 942
73, 897
72, 738
74, 302

654, 757
681, 729
620, 234
709, 233

646,
670,
624,
696,

414
608
800
628

340, 985
351, 226
349, 161
361, 494

September. _ _ _
October
November
December

89, 696
92, 795
93, 479
88, 863

94
87
82
78

86, 646
92, 424
91,329
85, 220

81, 737
80, 907
79, 653
84, 916

37, 329
38, 814
36, 665
38, 136

92
92
87
91

36, 769
38, 892
37, 398
37, 259

50, 756
50, 903
50, 173
51, 044

101, 157
103, 058
98, 749
97, 720

102, 311
103, 040
99, 251
97, 835

73, 357
72, 594
69, 106
68, 751

676, 160
683, 325
671, 948
642, 242

85
81
79
76

676, 020
690, 276
668, 159
640, 450

355, 465
348, 440
345, 253
341, 601

96, 223
93, 249
101, 618
91, 744

91
89
89
86

93, 144
93, 249
96, 334
89, 542

87, 895
87, 593
92, 551
93, 975

37, 471
38, 870
42, 399
40, 288

93
97
93
92

35, 550
38, 287
43, 459
37, 548

52, 410
52, 973
51, 850
53, 741

99, 588
96, 075
106, 528
99, 266

98, 946
93, 680
105, 905
97, 858

60, 838
66, 766
66, 466
69, 798

679, 381
677, 501
735, 622
695, 088

82
82
82
85

665, 078
670, 136
732, 627
680, 953

344, 485
355, 951
358, 354
372, 665

97, 702

87

94, 478

97, 228

40, 904

87

40, 863

53, 791

107, 475

105, 705

71, 569

744, 209

83

724, 095

395, 483

1928
January
February
March
April
May
June
July
August

September _
October
November
December

i

1

1
i

i
i

i Data to May, 1923, from the Federal Trade Commission, representing practically complete production; beginning June, 1923, production 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. Total paper figures are the aggregate of the
three previous production or stock columns plus, up to May, 1923, the figures on newsprint, book paper, and paper board as compiled by the Federal Trade Commission,
and, after May, 1923, the figures on book paper compiled by the American Paper and Pulp Association, 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 perAssociation on firms reporting directly to that association and is therefore based on a somewhat smaller proportion of the industry than the other total figures.
3
5 months' average, September to December, inclusive.




64

Chemical

Per
Dolls,
per 100 cent of
capacIbs.
ity

Short tons

!
1909-1913mo av
1913 ino av
1914 mo av
1915 ino. av
1916 rno. av

106 824

1917 ino
1918 mo.
1919 mo.
1920 mo.
1921 mo.

av
av
av
av
av

120, 589
108, 617
120, 817
131, 525
105, 668

1922 mo
1923 mo
1824 mo.
1925mo.
1926 mo.
1927 mo.

av
av
av
av
av
av

123, 495
131, 073
145, 727
142, 464
154, 083
132, 473

1927
January
February
M^rch
April

PAPER BOXES <
!

Rel. to
19211922 s

Beams

Pay
roll

Shipments

3 er

Shipments
Price,
Consulsump- Stocks, Im- phite,
Produc- tion and end of
8
tion*
unForNew
Doship- month ports bleach- ! orders mestic eign
ments 8
ed?

ConsumpImProduc- tion and Stocks,
end of
5
tion
ship- month & ports 6
ments *

YEAR AND
MONTH

LABELS i

rff SACKS a

ABRASIVE
PAPER AND
CLOTH 2

WOOD PULP
Mechanical

ROPE PAPER

Table 42.- WOOD PULP AND PAPER PRODUCTS

Dollars

25, 521

112, 145

16, 463
13, 991
18, 105
14, 505
21, 876

117, 804
109, 817
120, 660
132, 308
106, 214

145, 567
131, 170
154, 251
120, 079
166, 889

23, 256
15, 457
16, 854
19, 429
15, 895

158, 008
161, 247
185, 780
127, 786

157, 797
J 58, 930
160, 375
185, 536
127, 467

44, 799
33, 671
53, 725
33, 720
53, 411

33, 231
32, 728
36, 147
56, 096
42, 196

4.81
3.84
3.52
6.58
3.50

44.2

68, 150
78, 363
47, 957

127, 802

17, 984
25, 007
20, 493
27, 591
25, 313
20, 467

165, 198
185, 253
199, 140
205, 785
222, 937
215, 666

166, 438
200, 642
200, 793
206, 147
223, 597
215, 181

52, 518
62, 472
58, 492

86, 869
89, 745
106, 400
111, 044

2.56
2.97
2.58
2.68
2.87
2.64

82.7
80.6
83.7
86.0
87.4
81.4

72, 394
86, 916
79, 002
86, 891
84, 634
81, 665

10, 943
10, 165
12, 435
13, 565
16, 050

I $1, 177, 623

139, 796
143, 569
153, 495
137, 560

136, 664
95, GOO
195, 007
225, 804
204, 065
190, 693

146, 077
125, 740
166,411
165, 680

163, 466
128, 886
148, 360
142, 483

183, Oil
180, 100
198, 338
221, 535

18, 378
12, 723
22, 430
19, 772

229, 580
206, 646
235, 408
218, 996

229,
204,
232,
221,

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

1, 039, 429

May
June
July
August

160, 192
130, 158
108, 322
102, 995

137, 997
135, 689
127, 623
.136, 569

243, 762
238, 231
218, 795
185, 222

17, 217
20, 275
13, 344
18, 597

214, 848

2.63
2.60
2.60
2.60

72.0
124.1
66.1
79.0

85, 928
77, 655
89, 622

17, 735
15, 877
16, 522
13, 584

1, 060, 508
1, 128, 282
1, 018, 079

1,214,888

297, 680
297, 607
276, 569
317, 485

September
October
November
December

92, 025
121, 051
137, 245
133, 783

120, 326
130, 465
143, 220
135, 632

156, 574
147, 160
158, 717
156, 872

77.7
98.2
54.4
78.1

85, 379
85, 155
72, 726
58, 265

14, 361
18, 389
16, 392
16, 034

1, 375, 977
1, 566, 848
1, 705, 380
1, 470, 669

340, 692
356, 032
355, 935
337, 403

1928
January
February
March
April

142, 034
132, 743
143, 678
149, 652

139, 851
135, 952
144, 771
133, 702

80, 505
83, 969
96, 871
81, 782

16, 169
20, 558
19, 634

156, 258

143, 015

94, 309

18, 944

May
June
July
August

_.

125,678

September
October
November
December

!

131,266

25, 855

38, 092
32, 860
35, 104

$2.23
2.16
2.12
3.81

31,130
129, 325
160, 572

159,375

41,335
42, 089
40, 232

118,971

382
248
858
406

38, 730
39, 950
42, 800
39, 290

153, 573
89, 662
98, 379

39, 120
39, 086
40, 278
40, 254

116,879

198, 988
220, 138

214, 918
215, 020
198, 068
220, 162

28, 389
21, 190
28, 308
24, 976

209, 776
213, 472
214, 936
210, 388

211,
213,
213,
207,

744
524
772
064

38, 286
38, 234
41, 552
45, 198

119,090
152,763

2.60
2.53
2.53
2.53

159, 575
156, 366
155, 274
173, 174

21, 082

209, 106
209, 820
228, 692
210, 780

210, 016
207, 926
230, 484
211,400

44, 726
47, 162
45, 854
43, 872

156, 164
130, 152
83, 352
80, 592

2.53
2.53
2.53
2 53

186, 377

24, 024
20, 528

222, 924

225, 710

41, 456

90, 736
122, 474

j

2.53
2. 53

214,816

21,151
21, 124
18, 549

119, 181

82,536
109, 699
117, 734

113,948

133, 170
142, 736

i

8

4,379

10O

8,836

81,917

1,092.491
1, 200, 203
1, 278, 538

1,019,498
1, 175, 717
1, 128, 205

17,112

£311, 169
285, 160
306, 648
332, 757

285, 521
298, 421
315, 073
296, 293

106
97
109
92
87
83

1

i1
i

!

I
I

|

i

—

"I

i

j

!

i
1

9, 171
11, 695

i

i

Compiled by the Label Manufacturers National Association, said to include about 75 per cent of the industry. Full capacity is considered as 80 per cent of maximum
possible output in a 48-hour week. Data on production, compiled from January, 1921, through November, 1922, may be found in May, 1923, issue (No. 21), p. 85.
2
Data compiled by the Abrasive Paper and Cloth Manufacturers' Exchange, estimated to represent 90 per cent of the industry. The totals given include the 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
Compiled by the Rope Paper Sack Manufacturers' Association, comprising 15 manufacturers, said to represent approximately 95 per cent of the industry. Eope paper
sacks are bags or sacks made principally of old rope and used for flour, cement, lime, plaster, etc., but the figures presented here include only flour and meal sacks and
are thus on a different basis from those formerly included.
4
Compiled by the National Paper Box Manujacturers' 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
1926.5 Monthly data from 1923 appeared in the May, 1927, issue (No. 69), p. 22.
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 7 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.
* 12 months' average July, 1921, to June, 1922. Numerical data not furnished by the association.




65

Brick
house

Factory
building
costs3

Construc- Frame5 Brick, Brick,
wood
steel
tion
frame 5 frame J
costs 4

Relative to 1913

Rel. to
1914

Relative to 1913

Frame
house

1913
1914
1915
1916
1917
1918
1919
1920

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

1921
1922
1923
1924
1925
1926
1927

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

100

100
100

100
89
93
147
181
189
198
251

11 100
H97
n99
11 109
11 134
11 164
"212
H269

11 100
"100
H103
11 114
11 140
11 171
H219
H284

11 100
H98
iilOl
11 122
11 155
11 179
H209
H257

Reinforced
concrete 5

Construction
costs 6

REAL
ESTATE
CONVEYANCES 2

YEAR AND MONTH

INDEXES OF CONSTRUCTION COSTS

HOUSING
RENTAL
ADVERTISEMENTS

BUILDING
MATERIAL
PRICES i
(1st of mo.) !

PLUMBING
FIXTURES 7

Table 43.—BUILDING COSTS AND HOUSING
FIRE LOSSES

Wholesale
price,
6 pieces

Minneapolis,
Minn.s

41 cities

United
States Canada
only 10
and
Canada 9

Dollars

11 100
"98
"102
" 120
" 147
" 171
"210
"264

100
99
100
114
152
175
198
247

"207
" 188
210
206
200
201
200

200
184
201
202
199
197
200

Number

Thous. of dollars

12 1,319

64, 672
63, 094
56, 877
92, 567
104, 973

$18, 727
19, 637
15, 236
19, 287
22, 273
26, 413
22, 414
27, 571

$2, 196
2,027
1,139
1,707
1,674
2,651
1,934
2,281

126. 45
119. 84
112.81
107. 64
104. 27

1,886
3,082
3,673
4,788
5,096
5,160
5,020

91, 642
109, 895
139, 089
140, 961
153, 973
154, 316
147, 344

27, 721
34, 241
32, 433
31, 461
31, 125
32, 751
26, 716

2,499
3,646
2, 885
2,777
2,548
2,742
1,889

$67.58

182
207
201
196
195
187

186
209
203
197
195
188

179
170
202
198
195
197
193

202
175
214
215
207
208
206

H196
"190
209
205
202
204
205

H216
"196
219
218
210
213
214

11 201
11 185
212
210
202
199
197

1937
September
October
November. _.
December

184
181
180
182

187
185
184
187

192
191
191
191

204
204
202
204

205
205
205
205

215
215
215
214

197
196
196
197

200
201
200
201

201
201
200
199

104.51
104. 71
104. 33
99.44

7,800
6,711
4,290
2,564

140, 441
149, 667
145, 167
143, 731

21, 875
22, 327
18, 992
31, 935

1,789
1,778
1,309
1,947

1928
January
-..-_...
February
iMarch
--April
. . . . . . . _.
.......

178
182
184
179

183
186
187
184

191
192
192
192

204
205
205
206

205
203
203
203

214
212
212
212

196
197
197
197

200
200
200
200

199
199
197
197

98.59
98.40
99.35
100. 76

2,473
2,465
3,820
5,561

139, 314
136, 968
157, 819
148, 496

43, 261
41, 105
30, 377
25, 981

2,959
1,713
2,048
2,101

177
176

183
181

191
191
191

207
206
207

203
203

212
212

197
198

200
201

197
198
198

101. 11
100. 90

5,212
4,378

23, 202
11, 123

2,860
1, 909

May
.. . .
June
July
August... . . . . .
.....

.

September _. ...
October
...
November
December
* 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. 52. These index numbers are given as of the first day
of the month.
5 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 percentages determined from buildings of each type actually constructed. Details by d'stricts and description of method of compilation
may6 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.
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
cement, common brick, lumber (all weighted equally), hollow tile (weighted one-half), and structural and reinforcing steel (both together weighted one-half). Monthly
figures from 1921 were given in the May, 1927, issue (No. 69), p. 22.
7
Compiled by the U. S. Department of Commerce, Bureau of the Census, as an average of reports from 12 maunfacturers and dealers of combined net selling prices to
retailers, without freight, on the following competitive fixtures: Bathtub, washstand, water-closet, sink, two-part cement laundry tub, and 30-gallon range boiler, the prices
of each item being given separately on monthly press releases.
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.
» Compiled by the New York Journal of Commerce and 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 10
and seasonal index appeared in the December, 1923, issue (No. 28), p. 53.
Compiled by the Monetary Times, from weekly reports, representing property losses only, exclusive of losses due to forest fires. Details by Provinces are shown in
the periodical since 1924. Monthly data from 1909 appeared in the December, 1927, issue of the SURVEY (No. 76), p. 48.
11 Average of quarterly figures.
11
4 months' average, September to December, inclusive.

731°—28




5

66

CONTRACTS AWARDED
UNITED STATES
(36 States) 1
YEAR AND MONTH
Commercial

Thous.
sq. ft.
1913 monthly average
1914 monthly average
1915 monthlv average
1916 monthlv average
1917 monthly average
1918 monthly average
1919 monthly average

10, 897

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthlv average
1927 monthly average _

1936
September.
October
November
December..

Industrial

Thous. Thous. Thous.
dolls. sq. ft.
dolls.

Residential

Thous.
sq. ft.

Thous.
dolls.

Educational

CANADA2

Public and
semipublic

Thous. Thous. Thous. Thous.
sq. ft.
sq. ft.
dolls.
dolls.

Public
works
and
utilities
Thous.
dolls.

Total

Total

Thous.
sq. ft.

Thousands of
dollars

CONSTRUCTION
VOLUME 3

Table 44.—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, 4,50

$49, 977

53, 382

$245, 089

$32, 013
20, 163
6,993
8,276
7,070
8,320
15, 836

8,107
6,413
9,363
9,120
9,420
12, 589
11, 791
11, 012

30, 639
31, 803
47, 545
42, 743
49, 695
69, 639
73, 342
74, 764

12, 564
3,518
6,448
6,119
4, 169
5,623
6,566
5,675

57, 459
16, 893
31, 674
36, 932
29, 606
38, 562
56, 426
39, 635

12, 642
18, 812
28, 538
32, 562
35, 192
45, 043
41, 577
39, 523

51, 669
80, 139
123,014
144, 541
170, 841
222, 664
214, 9-14
207, 466

2,745
4,239
5,701
4,641
4,854
4,892
4, 351
4,422

16,903
23, 918
29, 754
26, 719
30, 620
34, 434
30, f 88
30, 733

2,824
4,298
4,921
3, 912
4,643
5,817
5,512
6,248

20, 765
26, 268
31, 653
25, 386
32, 728
46, 077
48, 347
53, 293

56, 374
45, 719
55, 960
55, 456
60, 326
73, 811
89, 020
100, 938

38, 275
36, 859
54, 552
56, 352
58, 869
74, 955
70, 245
67, 699

240, 677
224r 070
318, 403
331, 776
373, 816
485, 187
508, 583
506,996

21, 300
20,011
27, 654
26, 188
23, 022
24,831
31, 079
34, 913

47
89
135
157
163
177
180
188

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

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, 772
19, 517
17, 466
38, 582

129
121
135
166

12, 499
12, 395
12, 485
10, 880

69, 183
82, 543
81, 130
73, 698

6,062
5,541
5,484
5,839

42, 869
32, 985
29, 043
40, 047

38, 228
42, 038
34, 803
39, 354

212, 500
233, 193
180, 840
201, 743

5,136
5,374
5,207
5,784

33, 655
40, 568
35,006
40, 144

7,957
8,465
6,465
7,310

67, 334
75, 479
52, 326
61,951

105, 220
147, 343
135, 581
117, 053

70, 580
75, 231
65, 182
69, 863

530, 762
612, 111
513, 926
534, 639

46, 758
52, 229
50, 881
29, 881

197
212
221
238

9,723
11,821

56, 938
77, 726
41, 893
85, 286

5,453
5,544
6,382
4,406

48, 052
50, 370
49, 203
27, 938

38, 046
45, 608
41, 002
38, 747

196, 501
236, 870
207, 308
202, 447

4,114
4, 103
4,477
3,582

28, 344
29, 699
30, 642
22, 480

6,810
6,393
6,014
4,381

52, 742
48, 555
45, 744
35, 823

123, 254
105, 932
68, 716
90, 194

64, 858
73, 765
66,560
60, 889

505, 830
549, 152
443, 506
464, 167

32, 788
47, 135
30, 260
36, 682

236
222
215
162

10, 826
13, 896

65, 981
51, 564
69, 490
80, 514

4,412
5,384
6,940
10, 834

34, 833
31, 716
48, 068
83, 208

37, 516
42, 548
54, 582
55, 281

186, 904
232, 574
266, 069
269, 325

3,380
3,071
5, 209
5,071

22, 854
18, 232
33, 255
31, 829

3,955
4,855
6,385
5,941

30, 055
53, 803
49, 454
45, 900

69, 676
56, 134
106,511
113, 746

60, 271
65, 137
84, 266
91, 222

410, 535
444, 023
572, 847
624, 523

20, 480
25, 875
22, 946
56,346

125
124
137
164

14, 316
13, 982

87, 162
90, 914

6,020
10, 523

31, 627
57, 464

56, 655
52,030

280, 292
250, 818

6,960
6,978

46, 073
43, 787

6,063
7, 192

33, 503
56, 605

144, 738
124, 636

91, 693
90, 971

641, 395
624, 224

70, 684
59,926

185
244
237

100
97
95
108
91
63
86

1927
January
February
March
April..

May.
June
July
August

_

.

October
November
December

1928
January
February
March
April
__
May
__ _
J une
July
August

7,451

9,082
10, 803

9,084

September
October
November
December
1 Compiled by the F. W. Dodge Corporation froni reports covering contracts awarded in small towns and rural districts as well as large cities. The data shown on this
page include figures from 36 States, all except Washington, Idaho, Montana, Oregon, Utah, Wyoming, Nevada, California, Arizona, New Mexico, and parts of Kansas and
Nebraska, comprising about seven-eighths of the total building contracts in the United States. Prior to 1923, figures for Colorado, Texas, Oklahoma, Arkansas, Louisiana,
Mississippi, Alabama, Florida, and Georgia were not compiled, and the totals for those years for 27 States have been prorated to the figures shown above by applying to
the 1923 totals for 36 States the percentage changes from year to year for the 27 States. The original area figures for the years 1915 to 1918, inclusive, used in these calculations, were estimates by the F. W. Dodge Corporation. Data giving monthly figures for 27 States (except that prior to May, 1921, North and South Carolina were not
included, which, however, made little change in the total) for 1920 and 1921 appeared in the May, 1922, issue (No. 9), pp. 71 and 73, and for subsequent months in the
August, 1924, issue (No. 36), p. 109. The reports of the F. W. Dodge Corporation show totals by districts and also separate the public and semipublic building group into
various classes, shown separately in the August, 1923, issue (No. 24), pp. 94 to 97, and also present military and naval and miscellaneous classifications, which are here
included only in the grand total.
2 Canadian building contracts furnished by McLean Building Reports (Ltd.); monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 46.
3
Compiled by the Associated General Contractors of America to show actual installations in construction as contrasted with contracts let. The 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.




67

Table 45.—DOUGLAS FIR, HEMLOCK, AND REDWOOD LUMBER
NORTHERN
HEMLOCK *

DOUGLAS FIB 1

Produc- Shiption
ments

YEAR AND MONTH

New
orders

Exports 2
Unfilled
orders,
end mo. LumTimber
ber

Wholesale
price 3
No. 1, Floorcom- ing
mon
Dolls. M ft.
b. m.

Thousands of feet, board measure

322, 157
364, 646
355, 358

56, 203
46, 848
23,299
23, 240
23, 647
22, 700
25, 095

$9 21
7 92
7.88
10 38
15.88
18.25
25.42

380, 351
297, 738
435, 673
508, 789
488, 831
543, 966
526, 844
497, 673

334, 915
298, 506
409, 224
515, 951
497, 747
558, 067
529, 828
489, 839

416, 088
510, 318
509, 871
562, 805
536, 468
494, 763

37, 602
37, 936
51, 225
43, 165
51, 877
50, 659
57, 927
57, 155

14, 371
31, 479
40, 427
28, 897
46, 314
43, 324

29.92
11.83
15.25
19.42
17.25
17.25
16.48
16.29

January
February
March
April

410, 045
510, 766
511, 213
484, 355

411, 836
485, 698
510, 766
565, 827

458, 839
516, 138
546, 130
548, 368

48, 025
53,944
47, 720
46, 699

26, 449
22, 994
39, 294
45, 003

May
June
July
August

532, 253
510, 319
468, 240
529, 120

548, 369
551, 950
499, 575
521, 958

553, 741
502, 709
489, 727
519, 719

59, 973
68, 544
52, 837
65, 121

542, 102
538, 968
497, 337
437, 352

492, 860
491,070
411, 389
386, 768

487, 936
464, 211
452, 124
397, 511

410, 493
507, 633
508, 528
520, 615

397, 571
479, 879
479, 879
549, 264

444, 514
541, 206
521, 062
583, 733

490, 175
480, 326

558, 217
583, 733

620, 888
508, 976

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

349, 510
376, 882
373, 263

1920 monthly average
1921 monthly average
1922 monthly average
_ __
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average _ __

Production

Shipments

CALIFORNIA REDWOOD &

Production

ShipNew
ments orders,

Unfilled
orders,
end of
month

Thousands of feet, board measure

35, 327
33, 643
30, 056

33, 169
37, 974
37, 051

37, 460
36, 404

28, 547
32, 759

28, 745
39, 934

$46. 95
47.24
51.57
45.33
42.18
38.93
35.65

27, 290
16, 986
23, 483
26, 059
20, 416
21, 1C6
17, 436
16, 057

19, 431
18, 435
26, 083
25, 351
18, 920
18, 082
19, 040
19,006

44, 243
39, 618
49, 035
53, 240
48, 136
43, 294
42, 326
40, 610

35, 337
28, 441
44, 010
49, 268
37, 583
38, 785
39, 165
42, 299

30, 576
29, 472
47, 805
46, 861
38, 129
38, 391
42, 371
42, 993

38, 344
39, 458
55, 030
60, 165

16.43
17.19
16.80
17.24

36.06
35.92
35.99
35.81

19, 811
21, 854
17, 820
16, 159

14, 474
15, 773
21, 462
22, 278

32, 099
32, 511
42, 418
34, 199

35, 851
37, 061
51, 273
44, 278

42, 600
40, 121
59, 952
47, 394

67, 440
60, 007
69, 897
72, 703

56, 865
47, 495
58, 441
48, 864

16.56
16.34
16.51
16.51

35.69
35.77
35.88
35.83

16, 931
14, 899
15, 395
21, 369

23, 922
24, 772
21,324
22, 093

44, 692
37, 802
35, 177
53, 977

56, 527
41, 970
36, 055
53, 022

55, 619
51, 766
35, 147
42, 373

70, 293
70, 132
68, 290
56, 495

73, 717
56, 204
61, 999
51, 072

64, 781
15, 498
47, 711
46, 492

16.39
15.17
15.48
14.80

35.83
35.47
35.08
34.50

14, 277
9,188
11, 026
13, 949

19, 187
17, 914
14, 261
10, 014

42, 343
43, 142
52, 925
36, 029

41, 418
42, 676
40, 578
26, 882

39, 680
36, 492
41, 376
23,398

53, 807
45, 430
45, 962
41, 518

357, 604
386, 505
442, 517
468, 492

85,299
45, 346
58, 020
58, 862

2,280
44, 226
43, 423
43, 226

15.23
15.99
16,08
15.99

34.04
34.04
34.13
33.97

11, 425
13, 360
18, 089
14, 871

7,485
9,520
13, 255
16, 153

39, 454
43, 276
51, 210
38, 489

30, 201
38, 700
43, 847
38, 820

38,763
37,299
45, 316
36, 741

50, 415
48,000
49, 003
47, 916

516, 714
429, 688

71, 427
85, 174

60, 797
43, 142

16.70
16.68

34.47
35.15

22,004

20, 410

41, 400
36, 190

47, 772
38, 825

49, 351
38, 022

47, 281
46,519

1937

.

September
October
November
December

1928
January
_
February _
March
April
.
. _
May
June
July
August
September
October
November
December

_

_

1
Compiled 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.
2 Compiled by the 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.
3
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices. No. 1 common is given for the State of Washington,
while 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.
4
Compiled by the Northern Hemlock and Hardwood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills, from actual reports of from
60 to 75 mills each month. Yearly averages covering the period 1913-1916 were shown in the August, 1924, issue (No. 36). The 1913 monthly averages on which the relative
numbers were based are 37,664,000 and 36,442,000 board feet, respectively, for production and shipments.
5
Compiled from data furnished by the California Redwood Association covering 7 identical mills for 1918, 1919, and 1920, representing 40 per cent of the capacity of all
listed mills; for the first 4 months of 1921 covering 10 mills representing 56^ per cent of listed capacity; for the remaining months of 1921 covering 11 mills representing
71 percent of the total listed capacity; for 1922 to 1924 from 14 mills representing 73 per cent; for 1925 and 1926 from 15 mills representing 79 per cent; and in 1927 from 16
mills representing 83 per cent of the total listed capacity. The actual average monthly production of the 7 reporting mills for 1918 was 14,984,000 feet. On the basis of 40
per cent capacity, the 1918 average monthly production of all mills is computed as 37,460,000 feet. Regarding this as normal production, there has been computed the
probable production of the total redwood capacity based on the proportion which capacity of the reporting mills bears to the total of all mills, and in 1925 this computed
production was about 2 per cent larger than the total reported by the census of manufactures. The other data represent a similar relationship between the actual reported
figures and the total capacity of all mills. Unfilled orders are reported by 14 mills throughout the period, representing 73 per cent of the industry and prorated to 100 per
cent, monthly data on this item from 1924 through 1927 being shown in the April, 1928, issue (No. 80), p. 22.




68

Table 46.—YELLOW PINE LUMBER
SOUTHERN PINE 1

Production

Operations

Mft.
b. m.

YEAR AND MONTH

P. ct.
full
time

Shipments

New
orders

Stocks,
end of
month

NORTH CAROLINA PINE *
3

Exports
Unfilled
orders, LumTimend mo. ber
ber

Price,
flooring ^
Dolls.
Mft.
b. m.

Thousands of feet, board measure

Production

Shipments

New Stocks,
end of
orders month

Thousands of feet, board measure

34, 627
24, 109
13, 674
13, 933
10, 069
2,991
12, 849

$23. 04
21.37
20.29
22. 64
31.54
33.76
55.00

34, 230

32, 107

1919 monthly average

423, 529
^368, 307
380, 532

441, 903
399, 160
379, 701

446, 405
354, 287
376, 070

1, 371, 652
1, 116, 259
937, 748

82, 270
52, 325
38, 353
40, 263
27, 369
24, 993
36, 481

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average _ _
1924 monthly average1925 monthly average
1926 monthly average-1927 monthly average

358, 031
375, 438
431, 633
450, 165
453, 376
473, 336
447, 857
431, 130

330, 229
394, 812
430, 673
458, 971
459, 483
471, 843
452, 646
427, 991

306, 559
399, 677
451, 395
451, 944
463, 763
474, 291
445, 749
436, 772

1, 187, 587
1, 211, 174
1, 177, 627
1, 086, 042
1,099,374
1, 162, 665
1, 106, 661 5 302, 881
1, 217, 034
312, 763

53, 096
36, 061
39, 522
54, 368
55, 827
57, 678
48, 465
59, 287

11, 245
7,228
12, 616
14, 237
14, 563
12, 866
10, 249
15, 177

74.53
35.98
45.46
41.70
41.89
46.49
45.11
38.48

33, 514
30, 164
52, 543
48, 257
49, 144
54, 188
49, 474
51, 154

29,791
29, 052
52, 496
48, 539
49, 337
51, 558
48, 901
51, 138

40, 017
41, 586

48, 393
67, 795

422, 022
403, 807
444, 469
412, 472

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

299, 314
324, 423
333, 729
311, 099

64, 492
46, 648
51, 244
80, 305

12, 062
9,976
14, 470
24, 165

40.81
40.04
39.66
39.56

47, 712
55, 013
48, 755
49, 462

47,054
57, 967
47,838
51, 191

36, 470
43, 750
36, 820
42, 560

43, 680
64,190
41,860
63,700

439, 870
426, 123
413, 634
455, 796

460, 588
405, 744
399, 064
473, 029

463, 831
407, 970
388, 511
487, 599

1, 218, 391
1, 208, 417
1, 255, 002
1, 220, 663

314,
298,
283,
328,

563
504
243
561

63, 216
73, 035
72, 334
66,790

19, 746
13, 700
19, 851
8,254

39.32
38.96
38.31
37.68

50, 204
47, 649
50, 190
53, 781

50,918
50,001
48, 727
52, 934

50, 330
35, 140
35, 910
36, 260

84, 070
48,090
60, 550
120, 540

457, 587
438, 708
439, 773
419, 297

477,
446,
442,
395,

046
696
920
239

483, 097
453, 811
436, 385
398, 192

1, 193, 268
1, 190, 112
1, 194, 404
1, 207, 534

320, 096
346, 715
305, 164
287, 741

48, 260
48, C37
43, 550
52, 930

16, 775
17, 542
8,925
16,660

37.49
37.98
36.42
35.54

52, 129
57, 295
53, 522
48, 139

52, 234
56, 133
50,813
47, 845

46,900
42, 560
47, 670
44,660

73,080
64,050
81,060
68, 670

426,
417,
481,
447,

220
652
645
083

473, 900
430, 141
498, 006
464, 896

1, 200, 031
1, 206, 904
1, 185, 605
1, 160, 433

352, 826
365, 315
381, 676
399, 489

66, 332
47, Oil
66, 527
53, 952

16, 453
17, 235
16, 515
13, 771

35.26
36.12
35.69
35.74

40, 019
51, 317
47, 523
57, 155

37, 030
46, 746
54,866
62, 978

38, 920
54, 080
49, 140
64, 610

62, 020
55,790

489, 100
416, 006

420, 169
406, 470

1, 101, 740
1, 090, 126

349, 362
323, 985

75,054
54,313

21, 081
12,933

35.88
36.40

60, 039

62, 125

55,790
59, 360

}913 monthly av^ra^fi

1914 monthly average _ _
1915 monthly average
1916 monthly average
1917 monthly average _
1918 monthly average

__

1937
January
FebruaryMarch
April

_ _ _ _ _ _ _ _ _

May
June
July
August

_

September
October
November
December

_

_

1928
January
February
March.. _
April

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

........

97
99
100
99

440,306
404, 679

__

418, 717
424, 525
460, 346
421, 911

99
96

_

__ _ _ _ _

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, or, in the case of
figures after December, 1927, the normal equivalent of the 3-year relative production, on which the association's statistics are now based. This percentage is 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 new orders and shipments since these 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 and after December, 1927, they are calculated from the
computed data on production, shipments, and previous stocks. Unfilled orders prior to 1928 are computed on the same basis as new orders and thereafter are calculated
from new orders and shipments. 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. Monthly
data on unfilled orders from 1926 appeared in the April, 1928, issue (No. 80), p. 22.
2 Data computed from reports furnished by the North Carolina Pine Association, Inc., for mills varying in number from 31 to 56, by first determining for a given month
the percentage which the actual data bear to the normal production of the identical mills reporting. This percentage 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. The resulting figures represent computed data
as of identical mills for each month. Stock figures are reported by a smaller number of mills, whose figures are first computed to compare with the larger number of
mills on the basis of new orders reported by both sets of mills, and then computed in the same manner as the other data.
3
Exports of southern yellow pine lumber and timber from U. S. Department of Cojnmerce, 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
pine and all other not long-leaf or pitch pine. Timber exports include both treated and untreated, sawed, and exclude logs and round timber.
4
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,
s5months' average, August to December, inclusive.




69
Table 47.—OTHER PINE LUMBER
CALIFORNIA WHITE PINE 2

WESTERN PINEi

NORTHERN PINE s
Lumber

YEAR AND MONTH

Produc- Shiption
ments

Stocks,
end of
month

Unfilled
orders, Producend of
tion
month

Unfilled
Ship- Stocks, New
orders,
end of
ments month orders end of
month

Produetion

Shipments

Lath
New
orders

Thousands of feet, board measure
1917
1918
1919
1920
1921

monthly a\T
monthly av
monthly av
monthly av
monthly av _ _ _

109, 357
113, 424
113, 794
134, 467
74, 437

110, 423
97, 784
109, 032
110, 697
76, 840

1922
1923
1924
1925
1926
1927

monthly av
monthly av
monthly av.
monthly av
monthly av ._
monthly av

120, 689
145. 916
137, 661
150, 988
144, 094
130, 096

May
June
July
\ugust

September
October
November
December

881, 924
1, 063, 658

52, 561
48, 263
58, 368
39, 110

31, 900
37, 284
36, 037
29, 114

857, 812
914, 376
1, 033, 833
983, 967
1, 136, 101
1, 061, 429

66, 387
101, 876
96, 061
116, 576
102, 694
90, 983

45, 784
61, 972
76, 765
106, 570
95, 804
92, 308

382,216
494, 177
568, 840
567, 021
601,215
575, 181

91, 932
84, 414

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

133, 426
133, 314
128, 893
138, 788

100, 002
107, 127
102, 062
110, 319

521, 237
605, 169
606, 335
659, 098

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

135, 870
126, 123
89, 995
68, 732

105, 384
98, 327
80, 753
78, 529

679, 154
659, 171
674, 249
690, 157

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

50, 161
40, 062
40, 461
52, 668

72, 082
71, 459
96, 590
92, 519

May
June
July
August

160, 121
172, 088
156, 524
169, 338

146, 741
144, 557
132, 122
150, 979

1, 027, 541
1, 050, 042
1, 073, 739
1, 095. 370

106, 389
131, 713
125, 098
142, 196

145, 101
134, 691
118, 704
82, 773

150, 768
153, 019
124, 083
101, 947

1, 089, 500
1, 069, 825
1, 068, 630
1, 086, 130

48, 843
74, 843
139, 087
155, 995

109, 273
121, 504
151. 903
147, 406

Shipments

Thousands

265, 113
287, 645
267. 276
370, 303

128, 606
129, 140
135, 251
138. 820
148, 538
136, 328

Production

"'1
9,581
8,669

6,357
9,881

49, 033
38, 423
44, 406
41, 127
41, 110
34, 262

12, 574
13, 290
10, 825
12, 110
10, 527
9,908

11, 097
12, 292
11, 796
9, 550
10, 735
9,998

47, 351
51, 972
56, 490
49, 890

46, 170
50, 690
46, 783
50, 389

9, 950
15, 728
15, 944
13, 127

11, 444
18 348
13, 422
16, 942

40, 859
52, 296
25, 649
27, 693

48, 323
50, 396
39, 452
28, 115

46, 204
41, 460
24, 677
25, 550

10, 029
13, 050
5,729
6,372

9,846
9,796
4,342
4,668

462
797
585
418

32, 493
35, 127
31, 109
42, 302

30, 557
33, 603
38, 777
41, 353

29, 184
32 393
33, 908
44, 555

7,251
7,338
6,532
9,866

6,261
7,795
7,875
9,675

40, 273
34, 204

50, 139
27, 768

159, 663
178, 805

44, 512
47, 739
42, 959
46, 599
40, 687
40, 537

48, 357
44, 063
44, 621
45, 204
45, 163
37, 643

92, 381
90. 326
95, 156
98, 559

144,
162,
175,
165,

312
979
523
795

43, 493
51, 571
51, 549
45, 523

93,291
92, 472
79, 548
91, 049

172, 745
172, 152
192, 691
162, 763

145,
176,
181,
151,

1926

._

_

September
October
November
December

-..

_

1928
January
February

March _
April
May
June
July
August

. ___

70, 402
81, 203
90, 806
100, 179

99,988
102, 571
96, 305
107, 248

482, 405
551, 687
567, 809
603, 451

93, 777
91, 290
81, 275
86, 322

148, 161
186, 405
182, 648
181, 262

47, 379
55, 502
46, 359
51, 054

43, 401
45, 188
40, 433
42, 501

44, 451
35, 045
39, 203
36, 884

13, 194
15, 722
13, 090
14, 272

13, 634
14, 758
15, 229
15, 612

133, 659
109, 490
92, 289
67, 617

90, 042
106, 554
119, 656
128, 236

017
748
422
411

104, 699
111, 508
82, 168
70, 563

629, 284
623, 671
624, 651
667, 618

90, 886
97, 683
70, 343
58, 797

187, 878
189, 947
222, 259
191, 837

46, 852
41, 148
32, 815
24, 300

39, 195
39, 175
32, 857
24, 680

32, 098
33, 698
27, 569
22, 156

11, 979
9,034
6,144
4,472

11, 819
7,941
5,377
3,994

46, 736
44, 698
69, 724
97, 096

79, 796
87, 810
100, 792
98, 924

609, 181
566, 957
534, 740
493, 696

65, 307
79, 981
92, 677
83, 965

191, 837
176, 156
175, 700
167, 582

33, 550
34, 513
32, 731
36, 412

29, 451
35, 413
39, 645
37, 914

32, 703
36, 470
38, 856
35, 926

7,315
5,726
5,143
6,184

5,300
5,609
9, 593
5,927

134, 273

107, 267

473, 560

102, 659

164, 921

45, 687
51, 756

44, 152
47, 243

35, 974
47, 018

9,967
11, 706

9,316
11,151

591,
560,
522,
477,

September
October
November
December
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 through 1925 and thereafter 74 per cent, owing
to the decrease of the total number of mills in business. Beginning with 1928, several mills which withdrew from the association reported directly to the Bureau of the
Census, their figures being combined with those of the association to obtain comparable totals. Monthly data covering the period 1917-1921 appeared in the April, 1923,
issue (No. 20), p. 49, while for unfilled orders monthly data from 1920 through 1927 appeared in the April, 1928, issue (No. 80), p. 22.
2
Compiled by the California White and Sugar Pine Association from reports of from 13 to 26 mills prior to 1926; thereafter from 18 identical mills, except for stocks,
which are by a varying number of mills.
3
Compiled by the Northern Pine Manufacturers' Association, and includes reports from both member and nonmember mills located chiefly in Minnesota. The number
of mills has gradually dedlined from about'20 mills in 1920 to about 13 in 1928. Monthly data on production and shipments from 1920 appeared in the September, 1922,
issue (No. 13), p. 48.




70

Table 48.—HARDWOODS

Stocks,
end of
month
To- Unsold

w

Stocks,
end of
month

To- UntaS sold

WALNUT »

Unfilled orders,
end of month

Total Unsold

Unfilled orders,
end of month

New orders

Shipments

Production

YEAR AND
MONTH

Stocks, end
of month

OAKi

Unfilled orders,
end of month

GUMi

TOTAL i

Millions of feet, board measure
1922
1923
1924
1925
1926
1927

1

mo av
mo av
ino. av
mo. av
mo. av
mo. av

1926
January
February
March
April

3296 3314 3341
361 332 340
330 308 316

3 2, 639 3 2, 058 3671
2,765 2,233 615
2,566 1,827 669
2,609 2,045 661

Logs

Lumber

Production

Made
into
UnShip- Stocks New filled Pur- lum- Stocks
on
on
ments hand orders orders chases ber hand
and
veneer

Thousands of feet, board measure

!I
3501 3385 3139
521 413
130
141
446 333
436 324
139

3933 3732 3225
900 724 198
853 658 218
941 753 207

1,807
2,538
3,529
3,830
2,763
2,962

1,927
2,391
3,144
3,477
3,220
2,897

10, 214
8,153
11,463
19, 282
15, 552
11,578

M feet, log measure

3,359
3,352
3,125
2,899

3 4, 207
5,652
7,332
7,500
7,388

1,460
2,410
2,641
2,958
2,511
2,939

1,327
2,114
2,727
3,011
2,438
2,645

2,087
3,282
3,106
4,158
2,069
2,918

3 2, 111

315
353
338
330

315
345
323
319

304
375
338
304

2,537
2,510
2,461
2,460

1,964
1,945
1,896
1, 950

678
693
668
601

446
458
441
438

339
352
336
343

143
150
137
121

816
802
790
776

631
606
591
591

202
217
221
209

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
2,393
2,821
2,472

1,208
1,485
1,388
1,513

May
June
July__
August

353
390
386
386

308
315
341
353

326
345
345
349

2,480
2,521
2, 556
2,601

1,953
1,968
2,003
2,027

621
648
645
655

442
460
464
448

338
342
332
330

134
144
146
141

788
806
860
874

606
620
673
688

205
214
215
204

2,787
3,043
2,134
2,610

2,778
3,074
3,057
3,022

16, 974
16, 992
15, 463
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
2,803
2,168
2,439

2,151
2,961
3,193
3,093

September
October
November
December

390
386
371
338

349
379
341
296

394
375
345
278 j

2,640
2, 639
2, 641
2, 751

2,026
2,010
2,032
2,043

690
722
704
700

429
434
436
462

314
318
318
336

134
142
145
150

902
914
920
991

689
692
704
802

229
249
238
213

2,640
2,320
2,378
2,996

2,806
3,688
3,310
2,502

13, 930
12, 503
11, 591
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
2,143
2,335
2,357

2,237
1,941
1,754
1,907

1927
January
February
March
April

345
345
341
255

315
353
345
319

338
375
353
334

2,738
2,690
2,648
2,524

2,129
2,068
2,032
1,940

708
720
722
689

452
444
432
392

320
315
306
280

158
154
157
141

936
957
941
930

776
762
748
732

181
216
213
221

2,417
2,606
3,319
2,547

2,809
3,303
3,115
2,745

11,810
11, 103
11, 291
11,093

3,621
2,564
3,736
2,978

7,591
7,574
7,279
8,243

2,441
2,117
2,858
2,285

2,088
2,361
2,738
2,176

2,260
1,927
2,047
1,918

May
June .
July
August

240
285
315
386

334
300
274
296

330
255
266
319

2,428
2,381
2,465
2,557

1,876
1, 858
1,949
2,014

652
619
606
638

379
387
414
427

276
290
320
329

130
120
120
128

876
856
886
939

683
673
694
737

216
202
211
221

2,717
3,127
2,967
3,314

2,884
2,987
2,661
3,127

10, 915
11, 063
11,436
11, 498

3,042
2,654
3,060
2,461

8,114
8,061
8,249
7,522

3,440
3,184
3,083
3,308

2,476
2,883
2,583
2,937

2,882
3,083
3,316
3,687

September _ _ _.
October
November
December

398
383
360
308

308
311
289
259

319
326
296
285

2,610
2,664
2,761
2,843

2,090
2,126
2,190
2,265

601
624
666
689

447
461
479
514

346
351
364
385

124
963
975
133
139 1,006
162 1,022

791
794
809
839

190
200
215
202

3,000
2,921
3,234
3,376

2,798
2,967
2,824
2,548

11, 796
11, 739
12, 149
13, 037

3,046
2,335
3,127
2,158

7,364
6,982
6,282
5,395

3,773
2,549
3, 515
2,709

2,995
2,814
3,035
2,656

3, 465
3,166
3,046
3,615

1928
January
February
March
April

315
270
274
252

296
266
263
251

330
285
266
263

2, 954
2,862
2,829
2,839

2,331
2,282
2,294
2,319

742
703
636
620

543
529
535
547

400
402
414
428

184
163
149
148

1,051
1,030
1,014
1,020

865
849
864
871

202
197
167
165

3,063
2,585
3,268
2,955

2,687
2,762
3,042
2,646

13, 264
13, 179
13, 327
13, 635

2,628
2,807
2,835
2,652

5,389
5,491
4,613
4,491

2,255
2,131
2,185
2,402

2,416
2,014
2,407
2,678

3,041
3,229
2,951
2,806

244
236

255
248

244
263

2,843

2,305

640

540

420

150 1,005

844

179

2,894
3,422

3,388
3,000

13, 264
13, 530

4,180
2,538

5,540
5,216

2,972
2,519

2,769
2,670

3,009
2,752

May
June
July
August

._

-__

September
October
November
December

i

"""I"

i

1 Compiled by Hardwood Manufacturers' Institute. Data on production, shipments, and new orders are computed by taking the percentage relation of the actual production, shipments, and new orders of the mills reporting, and the normal production of these same mills and applying this per cent to the normal production of 375,000,000
feet, which represents the approximate monthly average production of the mills in the Southern and Appalachian districts. For stock and unfilled orders the average per
operating unit for the mills reporting is applied to a fixed number of 700 operating units. The 700 units were arrived at by taking the annual production of 1926, approximately 6,500,000,000 feet, and dividing by 8,736,000 feet, the figure used in determining an operating unit for the mills reporting. The resulting figures represent computed
data for the entire country. For gum the fixed number of operating units is 400. Detailed data as to size, species, grades, etc., are given in the regular reports of the
Institute.
2 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.
3 6 months' average, July through December.




71

Table 49.—TOTAL LUMBER AND FLOORING
LUMBER— ALL, SPECIES

Retail yards, 9th
YEAE AND
MONTH

Produc- Exports *
tion s

Fed. Res. Dist.«

Sales

Composite
prices e

Stocks, Hard- Softend mo. woods woods

Thousands of feet, board measure

Unfilled
ProShip- Stocks,
Proend of New orders,
duction ments month orders end of duction

month

Dolls, per M ft.,
board measure

2, 197, 334
2, 102, 537
2, 086, 531
2, 262, 175
2, 141, 144
1, 874, 419
2, 069, 522

216, 037
149, 146
93, 947
91, 208
84, 971
85,314
109, 268 7 30, 995 7 215, 564

1920 mo. av
1921 mo. av
1922 mo. av..
1923 mo. av..
1924 mo. av..
1925mo.av__
1926mo.av_.
1927mo.av_.

2, 059, 875
1, 762, 264
2, 270, 967
2, 495, 261
2, 418, 838
2, 625, 942
2, 460, 026
2, 332, 711

129, 280
100, 401
127, 743
146, 071
161, 500
161, 687
161, 714
179, 943

16, 786
13, 838
15, 496
14, 651
13, 403
17, 187
13, 688
11, 698

203, 175
153, 155
126, 744
127, 719
111,606
111, 258
95, 002
89, 604

1927
January
February. ._
March
April . _ . _

2, 098, 788
2, 216, 344
2, 378, 995
2, 268, 148

178, 697
153, 607
153, 700
188, 014

4,762
4,380
7,347
9,789

May
June
July
August

2, 452, 123
2, 411, 509
2, 283, 442
2, 576, 986

192, 997
213, 464
191, 145
191, 764

September. .
October
November. .
December. .-

2, 487, 733
2, 374, 882
2, 358, 209
2, 085, 371

1938
January
February. -.
March
April _

2, 007, 672
2, 232, 563
2, 458, 532
2, 397, 208

May
June
July
August

Unfilled
Ship- Stocks,
end of New orders,
ments month orders end of

month

Thousands of feet, board measure

178, 398

1909-13 m. a.
1913 mo. av__
1914mo. av_.
1915 mo. av_.
1916 mo. av
1917 mo. av_.
1918 mo. av..
1919 mo. av

..

OAK FLOORING '

MAPLE FLOORING 1

4,572
6,009
6,877
8,894
11,470
10, 446
5,537
11,070

12, 171
10, 544
15, 877
17, 158
22, 489
25, 652
25, 680
14, 431

4,719
6,104
7,419
9,525
11, 429
8,956
4,781
11, 782

6,290
7,285
7,578
7,547
16, 124
20, 074
7,270
15, 035

10, 039

11, 848

15, 448

14, 163

38, 289

4,572
6,675
7,484
9,205
11, 563
11, 120
4, 858
10, 101

40.33
46.72
43.11
41.80
41.56
41.13

48.98
27.42
30. 79
33.86
30.95
30.71
30.57
29.86

10, 383
8,378
11,479
11, 734
8,603
8,828
9,618
9,402

8,259
8,121
11, 934
11.805
7,865
8,428
9, 983
9,273

15, 963
30, 749
28, 040
21, 268
23, 880
26, 979
28, 180
27, 480

5,106
8,991
12, 194
11, 085
8,085
8, 360
7,722
7,255

26, 723
10, 176
20, 311
26, 804
12, 347
10,117
9,334
9,384

10, 745
12,411
22, 877
30, 103
34, 843
43, 167
44, 421
37, 644

7,800
.13, 595
23, 945
28, 878
35, 306
42, 825
41, 923
36, 859

25, 859
32, 875
23, 006
33, 609
43, 773
47, 104
57, 443
65, 891

6, 343
14, 058
23, 723
28, 313
35, 900
42, 435
40, 194
36, 271

11,324
12, 003
33, 052
44, 258
46, 562
52, 031
41, 728
36, 075

90, 307
94, 357
90, 846
91, 902

41. 11
41.08
40.80
40.65

29.74
29.76
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

11,351
19, 997
18, 154
16, 618

92, 186
103, 713
102, 260
87, 656

41.96
42.47
42.59
42.40

30.65
30.65
30. 57
29.49

8,282
10, 101
9,691
11, 557

11,921
11, 526
9,536
10, 939

25, 055
25, 061
26, 146
26, 338

11, 785
5,310
4,044
7,344

13, 238
11, 634
9,083
11,027

40, 380
42, 522
38, 435
40, 426

49, 034
37, 132
30, 155
38, 932

51, 430
58, 276
66, 102
66, 253

48, 424
22, 707
21, 699
36, 139

52,315
37, 983
29, 773
27, 036

188, 579
171, 074
167, 986
168, 289

14, 435
16, 247
12, 554
4,742

86, 248
80, 397
74, 658
80, 690

41.64
40.02
39.04
39.74

29.74
31.77
28.29
26.84

10, 283
10, 558
8,073
7,820

9,843
8,124
7,238
6,797

25, 921
26, 837
27, 610
29, 527

7,748
7,493
6, 233
6,883

9,619
8,202
7,843
8,736

39, 498
38, 540
33, 389
32, 113

38, 084
38, 349
30, 998
29, 266

66, 416
67, 244
69, 449
74, 773

37, 430
35, 716
31, 425
34, 715

25, 127
22, 764
24, 080
27, 887

239, 145
158, 909
186, 541
179, 352

5,042
4,535
7,106
9,485

88, 976
94, 155
91, 428
93,983

40.42
40. 47
41.24
39.77

27.37
27.50
27.55
28.00

7,346
7,519
7,862
7,331

7,252
6,889
8,184
7, 545

28, 721
29, 118
28, 036
28, 326

8,161
7,712
7,211
7,036

9,154
10, 034
9,816
9,963

35, 947
38, 771
42, 272
42, 924

38, 080
40, 232
47, 599
46, 105

82, 239
82, 758
78, 855
77, 491

53, 888
36, 163
48, 815
46, 071

45, 925
42, 975
47, 134
48, 004

223, 649
220, 961

14, 364

92, 064

38.39
38.42

28.39
28.74

7,070
7,608

8,256
8,686

27, 514
26, 271

9,197
7,867

11, 423
10, 500

47, 785
44, 444

50, 256
49, 475

75, 948
71, 425

50, 295
48, 873

48, 681
49, 002

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, 21 mills; in 1924, 18 mills; in 1925, 19 mills; in 1926 and 1927, from 20 to 22 mills.
Monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 43.
2 Compiled by the Oak Flooring Manufacturers' Association from reports of from 25 to 54 mills, said to represent about 90 per cent of the total oak-flooring industry.
The large increase in reporting mills is due to many firms starting to make oak flooring in 1927. Monthly data from 1912 appeared in May, 1924, issue (No. 33), p. 36.
3 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.
s 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
reserve 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. Similar data for the tenth district, compiled
by the Federal Reserve Bank of Kansas City, are shown on p. 138 of the present issue.
6
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.
i 7 months' average, June to December, inclusive.




72

Table 50.—FURNITURE AND MISCELLANEOUS HARDWOODS

Number
of pieces

Value average per firm, dollars

1919 monthly av
1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av
1926 monthly av
1927 monthly av

1926
September
October
November
December

$40, 266 $128, 088
23, 949 28, 812
29, 833 45, 005
37, 882
56, 317
36, 950 46, 287
45, 742
53, 305
51,161 63, 843
50, 167 53, 265

$13, 281
11,317
7,125
9,773
13, 767
11, 658
12, 288
11,386
8,985

$17, 225
13, 160
4,433
6,960
11, 709
5,034
4,308
4,043
2,870

$12, 424
11,357 « 12, 465
6,427 10, 149
13, 689
9,168
13,719 16, 540
11, 743 13, 969
12, 318
14, 979
11, 167
13, 829
8,848 11,417

Number days'
production

P l a n t operations

Cancellations

Outstanding
accounts,
end of mo.

Shipments

Shipments
Unfilled
New orders,
orders
end
of mo. Value Quantity

FURNITURE— GRAND RAPIDS
DISTRICT 3

New orders

YEAR AND MONTH

Unfilled
Ship- orders,
end
ments
of mo.

PIANO BENCHES AND
STOOLS 2

Unfilled orders,
end of mo.

HOUSEHOLD
FURNITURE
AND CASE
GOODS i

NORTHERN
HARDWOODS <

Production

Shipments

No. Perct. Per ct.
days' new
full
sales orders time

663
58
62
64
46

624
27
28
30
28

625
25
27
27
24

658
57
57
53
53

11.3
11.2
13.5
13.5

97.3
96.8
97.5
100.0
97.2

6

Pro- Ship- Stocks,
duc- ments end of
tion
month

M ft. b. m.

32, 732
34, 206
27,838
26,500
37, 397
33, 352
34, 404
29, 981
28, 936

615

LOWER MICHIGAN
HARDWOODS ?

33, 328
27, 509
19, 067
34, 204
38, 852
28 533
29,202
29, 371
27, 425

7,765
6,695

7,504
7,504

48, 183
38, 151

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

65
62
60
42

34
33
34
15

31
31
31
28

60
61
61
56

7.5
13.5
12.0
31.0

100.0
102.0
102.0
100.0

15, 653
13, 034
11,394
15, 578

35, 842
29, 247
26, 153
22, 227

5,757
5,556
5, 092
7 ? 047

8, 059
8,448
7,124
7,815

44, 952
40, 892
29, 859
39, 753

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

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

98.0
100.0
97.5
95.0

38, 053
40, 162
52, 610
40, 625

25, 178
28, 472
34, 848
27, 838

9,135
8,008
7,799
9,713

8,024
7,546
7,413
7,484

40, 804
37, 409
35, 897
47, 803

May
June
July
August

45, 042
39, 115
47, 266
60, 508

43, 125
41,574
•67, 595
70, 300

7,011
6,507
6,273
9,597

1,972
1,578
1,517
2,773

6,976
6,860
6,322
8,342

8,900
8,596
8,191
10, 879

42
53
55
53

29
29
25
25

17
17
23
27

44
43
50
55

10.0
7.5
10.5
9.0

95.0
96.5
89.0
98.0

28, 691
27, 939
21, 879
27, 077

26, 919
29, 825
28, 347
29, 750

7,683
7,337
6,006
4,893

8,091
8,789
8,552
7,507

46, 375
44, 656
43, 046
40, 552

September
October
November
December _

53, 672
56, 270
65, 475
36, 747

70, 268
54, 717
37, 546
30, 944

10, 988
14, 395
12, 291
7,784

3,884
5,331
4,883
1,803

9,863
12, 935
12, 667
10, 338

12, 469
17, 401
16, 661
13, 072

50
41
45
29

30
24
35
13

29
30
28
23

58
58
59
55

7.5
11.0
13.0
32.0

99.0
100.0
99.0
99.0

18, 536
15, 488
15, 469
20, 707

26, 475
27, 623
24, 556
19, 269

4,257
5,388
5,124
4,996

7,055
7,348
6,344
5,895

35, 491
33, 532
21, 350
30, 902

1928
January
February
March
April

38, 668
44, 655
44, 553
42, 424

44, 017
40, 051
31, 970
27, 970

7,043
7,556
6,818
5,626

2,851
2,076
1,978
1,650

5,918
7,647
6,933
5,955

7,617
9,781
9,104
7,694

44
42
34
30

40
23
20
19

23
25
25
20

55
54
53
47

7.0
13.0
7.0
12.0

95.0
94.0
92.0
90.0

37, 543
41, 185
44, 948
38, 404

24, 164
26,512
29,373
28, 491

7,934
9,188
9, 193
8,625

8,147
7,541
6,078
6,548

30, 821
30, 626
30, 870
30, 925

6 581

2,094

6,136

7,958

39

32

20

46

7.0

90.0

33, 193

28, 827

9,116

7,277

29, 784

1927
January
February
March
April- _ .

__

_.

May
June
July
August . _

September
October.
November __
December
1
Combined figures representing average shipments and unfilled orders per firm from reports of 50 identical firms of the National Association of Chair Manufacturers,
from 42 to 58 firms of the Southern Furniture Manufacturers' Association, and about 100 firms of the National Alliance of Furniture Manufacturers, Data from the National
Association of Chair Manufacturers were discontinued after May, 1925, while those of the National Alliance of Furniture Manufacturers were not collected from June through
September, 1925, and were discontinued after August, 1927, being replaced for shipments by data from about 50 firms collected by the W. H. Gehm Organization. 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 reporting firms. Monthly data from 1917 to April, 1924, showing aggregates for all items appeared in the June, 1924, issue (No. 34), p. 57.
s 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 beectu Annual averages from 1913 through 1918 appeared in the February, 1926,
issue (No. 54), p. 65.
fi
6 months' average, July to December, inclusive.
6
7 months' average, June to December, inclusive.
7
Compiled by the Lower Michigan Lumber Manufacturers from reports of from 11 to 13 mills operating in lower Michigan, except for November, 1925, when only 8 mills
reported. In many instances, fewer firms report on stocks than on the other items. About half of the hardwoods reported consist of maple.




73

Table 51.—LUMBER PRODUCTS

New Ship- filled
orders ments orders,
end of
month
Thousands of square
feet surface

1925 monthly av
« 4, 463 * 4, 695
1926 monthly av___ 3,595 3,905
1927 monthly av___ 2,876 2,913

1927
January
February
March
April

5

Purchases

Un-

YEAR AND MONTH

Eeceipts

BOTARYCUT
VENEEK 2

PLYWOOD i

WHITE PINE BOOKS 3
(At wholesale)

Receipts

Shipments

Stocks, end of
month
Total

Number of
carloads

FIR DOORS 3
(At wholesale)

Receipts

Shipments

Unsold

BUSHEL BASKETS *

Stocks, end of
month
Total

Production

Shipments

Unsold

Number of doors

Stocks,
end of
month

Dozens

5, 781
4, 646
3,303

« 192
98

192
97

226, 278

213, 507

435, 709

116
70
100
84

59
72
90
84

95, 009
150, 733
144, 995
300, 804

139, 994
141, 894
97, 924
223, 413

304, 347
313, 186
360, 257
437, 648

3,219
3,711

3,348

3,526
2,362

3,373
2,370

3,591
3,587
3,814
3,182

May
June
July
August

3,426
2,577

2,136
2,519
2,134
2,616

3,290
3,197
3,059
3,162

100
90
83
122

127
85
116
162

275, 459
359, 134
219, 638
238, 388

149,
396,
202,
332,

891
841
961
048

563, 216
525, 509
542, 186
448, 526

September
October
November
December.

3,415

3,310
3,516

3,767
3,502
2,765
2,719

112
101
102
94

105
79
96
86

356, 573
203, 707
244, 345
126, 554

418, 181
193, 120
195, 228
70, 593

386, 918
397, 505
446, 622
502, 583

2,863
2,808
3,807
2,582

80
97
91
173

132
115
173
185

10, 756
18, 763
44, 442
16, 487

12, 465
19, 309
38, 449
20, 028

111,313

3,154
3,504

165

229

14, 130
16, 540

19, 146
17, 002

68,396

_ _ _

2,251

2,890

_

1928
January _
February.
March
April
May
June
July
August

-- -

2,773
2,245

2,991

3,424

2,114

3,219

2,469
2,450
2,709
2,450

2,575
2,896

3,350
3,237

3,125

2,680
2,578
2,713

116, 234
163, 986
83, 908

59, 535

94, 534
88, 582
121, 445
61, 048

9, 175
18, 069
29, 822

46, 758
45, 015

10,006

8,860
15, 524
31, 339
17, 218

47, 601
80, 340
113, 361
87, 199

41, 637
65, 764
89, 047
65, 653

95, 832
231, 987
205, 887
186, 244

58, 896
189, 632
193, 910
152, 876

406,
449,
461,
537,

12, 117
17, 290

9,010
10, 209

47, 315
43, 658

16, 726
30, 215

261, 355

198, 592

609, 882

694
049
026
033

September
October
November
December
1 Compiled by the Plywood Manufacturers' Association from reports of 18 to 20 members in 1925, 16 to 17 in 1926, and 13 to 16 in 1927. 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 10 or 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 by the Wholesale Sash and Door Association from reports of from 15 to 25 wholesalers each month out of 70 members of the association.
* Compiled by the American Veneer Package Association from reports of about 30 firms each month, representing a large proportion of the industry. The association's
reports also contain data on other kinds of baskets.
* 9 months' average, April to December, inclusive,
a 8 months' average, May to December, inclusive.

DOUGLAS FIR DOORS (AT MANUFACTURING PLANTS) 1
(In number of doors)

YEAR AND MONTH

Production

Shipments

Stocks, end
of month

New orders

425, 909
393, 224

371, 220
386, 636

262, 431
317, 109
293, 505

606, 750
221, 896

Unfilled orders, end of
month

1938

April
May
June

.
- - -

- -

476 630
709, 500
535, 697

* Compiled by the Western Door Manufacturers' Association from reports of 10 mills representing about 80 to 85 per cent of the capacityof the Douglas fir door industry
of
he
on the Pacific coast. Data are combined from weekly reports, using 4 or 5 weeks to the month. The association's reports also give data on garage doors.




74

Table 52.—BRICK, TILE, AND TERRA COTTA

UnBurned burned

Number

Shipments

TERRA
COTTA 3

Shipments Stocks, New orders
Unfilled Whole- Prosale
end
orders, price, ducof
end of red,
month N. Y. « tion Quan- Value month Quan- Value
tity
tity
Dolls,
per
thous.

Thousands of brick

Thous. Thous.
of dolls. ofsq. ft.

FACE BRICK <

Shipments

YEAR AND MONTH

Stocks, end of
month

FLOOR AND WALL TILE a

Production

Plants closed
down

COMMON BRICK 1

Stocks,
end
of
month

Unfilled
orders,
end of
month

Short
tons

Thous.
of dolls.

5,252
5,629
5,930
10,524
11,316

Thous. of
sq. ft.

$652
895
743
1,163
1,349

591
691

511
616

1,544
1,740

859
1,244

Thousands of brick

1919
1920
1921
1922
1923

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

57
23
20

251, 949
187, 856 • 46, 687
224, 962
64, 918

1924
1925
1926
1927

monthly average
monthly average
monthly average
monthly average

20
17
22
43

275, 946
279, 500
305, 961
440, 423

57, 340
68, 597
74, 079
121, 610

129, 024
158, 524
146, 236
184, 270

281,
281,
252,
267,

735
751
224
728

17.04
14.70
16.19
13.88

4,235
4,490
5,407
5,299

3,679
4,476
5,069
4,865

$1, 246
1,613
1,897
1,847

7,659
7,860
8,373
11, 613

11, 964
14, 006
13, 349
12, 261

1,292
1,688
1,612
1,207

666
723
722
744

616
660
667
663

1,576
1,736
2,178
2,641

956
966
1,007
929

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

1.700
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, 375
10, 639
17, 671
12, 751

1,613
1,389
2,175
1,493

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
60
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
4,935

2,069
1,987
1,895
1,877

8, 356
8,467
8,545
8,776

11, 554
15, 174
10, 764
10, 422

1,253
1,583
1,232
1,156

792
753
716
610

722
861
542
338

2,132
2,084
2,104
2,241

979
863
741
673

January
February
March
April

68
78
54
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
309, 857
348, 211

17.00
17.00
17.00
16.50

5,515
5,130
5,467
5,453

4,331
4,351
5,188
4,948

1,648
1,659
1,963
1,879

10, 010
11,032
11, 282
11, 658

9,851
7,993
12, 392
14, 633

1,138
887
1,356
1,513

489
560
852
729

282
421
687
774

2, 409
2,767
2,939
2,614

727
871
1,007
1,074

May
June
July
August

1
10
12
10

329, 572
331, 748
353, 428
427, 277

154, 151
169, 712
170, 178
178, 357

237, 107
231, 064
211,451
194, 971

274, 959
254, 191
235,323
231, 637

15.50
13.50
11.75
11.75

5,210
5,206
5,173
5,489

5,092
5,088
5,227
5,366

1,902
1,920
1,959
2,048

11, 766
11, 879
11, 284
11, 307

10, 751
14, 637
14, 856
15, 643

1,140
1,385
1,268
1,557

819
906
776
842

860
918
785
825

2,507
2,625
2,513
2,564

1,069
1,113
1,026
1,069

59
71
70
77

489, 566
561, 367
538, 698
504, 836

158, 761
169, 238
91,424
76, 601

176,315
214, 169
187, 448
168, 282

219,
182,
211,
224,

244
462
961
825

11.75
11.75
11.75
11.25

5,537
5,877
5,018
4,511

5,588
5,242
4,321
3,641

2,124
1,975
1,638
1,550

11, 285
11, 991
12, 687
13, 175

13, 440
11, 907
11, 134
9,898

1,342
1,049
1,008
836

798
809
723
626

693
724
622
368

2,466
2,679
2,777
2,832

880
801
783
730

91
73
57
23

517, 897
487, 713
405, 461
344, 572

68, 611
64, 492
69,460
96, 998

131, 338
121, 089
233, 702
236, 433

219, 233
231, 203
251, 105
275, 872

12.75
13.50
13.25
13.50

4,663
4,649
5,287

3,951
4,185
5,253
5,553

1,4P5
1,683
2,035
2,016

13,902
14, 169
13, 907

10, 850
10, 284
16, 563
12, 226

949
1,040
1,454
1,153

482
526
640
622

402
447
686
768

2,958
3,037
2,960
2,757

761
844
899
958

5

297, 212

125, 650

225, 747

273, 743

13.50
13.50

5,808

2,173

10, 857
16, 108

1,113
1,558

796
844

925
876

2,517
2,495

942
950

$15 96
21 85
129, 573
15.25
231, 063
17.36
344, 580
19.81

1926
May
June
July
August

September
October
November
December

1937

September
October
November
Dfififimhpr

_ _--

1928
January
February
March
April
May
June
July
August

September...
October.
November...
December

._

>_

i 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
. _ output of com]
* ''
. , . .
.
. . . . . .
.
.
.
. .,
. .,
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.
rthern
4
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
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.
« 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, 8 issue (No. 39), p. 101.
11 months' average, February to December, inclusive.




75
Table 53.—CHINA AND PORCELAIN PLUMBING FIXTURES AND SAND-LIME BRICK
PORCELAIN PLUMBING
FIXTURES i

YEAR AND MONTH

Net new
orders

Shipments

Unfilled Stocks,
orders, end of
end of
month month

VITREOUS CHINA PLUMBING
FIXTURES 2

Net new
orders

Shipments

Unfilled
orders,
end of
month

Stocks,
end of
month

SAND-LIME BRICK 3

Produc-

tion

Number of pieces
1925 monthly average. .
1926 monthly average
1927 monthly average

1925
September
October. _
...
November
_
December
. .

« 17, 486

8 28, 624

« 29, 566

< 223, 783
258, 791
224, 136

* 238, 280
250, 982
244, 520

< 439, 986
513, 133
356, 056

« 343, 201
501, 241
555, 213

386, 409
358, 920
457, 840
485, 931

Stocks, Unfilled
end of orders,
end of
month month

300, 906
350. 926
405, 716
434, 865

527, 381
530, 096
504, 803
473, 026

444, 664
443, 043
472, 199
508, 692

20, 626
16, 886

8,456

559, 873
518, 484
505, 393
500, 453

16, 101
17, 940
20, 819
17, 435

4,984
9,465
5,649
7,690

15, 626
16, 178
16, 923
12, 049

6,663
4,890
6,363
3,825

8,307
9,577

3,824

5,378

5,185

6,418

16, 748
16, 217

7,707
6,229

6,192

288,986

236, 187
240, 318
190, 066

258, 495

230,404

271, 957
230, 639
243, 499
189, 391

230,507

May__
June
July....
August

236, 484
332, 187
260, 704
377, 703

256, 111
305, 007
272, 616

453, 399
480, 579
473, 245
578, 332

September
October
November
December

236, 289
152, 351
406, 956
167, 329

289, 599
258, 004
208, 076
205, 942

523, 637
417, 984
616, 864
578, 251

471,077

200, 988
145, 081
213, 166
217, 740

281, 896

497, 700
377, 170
351, 091
347, 645

558, 121
544, 631
596, 685
618, 492
607, 968
557, 745
554, 022
520, 364

23, 225

8,196

17,987

7,757

16, 662

5,431

21,300

7,375
6,729

_

Shipments
by
truck

Thousands of brick

181, 544
212, 829

8 13, 769

Shipments
by
rail

8 8, 697
13, 104

« 18, 837
17, 091

12, 151

7,311

20, 695

8,302

6,855

23,446

10, 996

7,613

9,870

8,770

18, 526
24, 200

9,094

9,877

12, 344
10, 240
7,401

8,613

12, 319
10, 897

1926

January
February
March
April

_.

_

1927
January
February.
March
April

_
__

May
June
July
August

268,038

265,611
239, 245
220, 786

497, 150
524, 937
568, 931

10,811

25,415

8,493

18, 413

13, 250

8,740

14,010

10, 052

10, 751
13, 294

12, 547

17, 237
18, 344
14, 364
19, 800

246, 223

296,818
251, 946
279, 539

342, 717
390, 440
368, 326
337, 956

25, 868
29, 044
29, 998
33, 353

223, 980
227, 896
167, 993
227, 925

235, 883
245, 725
180, 498
190, 076

325. 069
307, 240
294, 735
332, 584

518, 452
500, 868
527, 920
557, 293

21, 680
18, 928
18, 086
13, 912

4,189

237, 727
494, 042
391, 101
238, 169

240, 829
246, 002
335, 948
291, 130

329, 482
577, 522
622, 215
569, 254

544, 461
538, 965
463, 180
445, 752

12, 789
10, 921
17, 063
10, 012

4,945
3,738
4,273
4,829

7,024
6,204

233, 728
227, 851

288, 530
275, 409

514, 452
466, 894

448, 326
444, 884

22,244

7,752

20,046
14, 065
14, 939
6,024

21, 870
19, 582
16, 251
12, 242

34, 972

1928
January .
February
March
April.

13, 953
12, 794
42, 130
59, 647

13, 239
11, 969
12, 079
17, 037

22, 639
53, 515
96, 125

37, 374
40, 930
42, 442
48, 831

22, 465
11, 293

15, 459
19, 089

103, 131
95, 258

50, 819
50, 565

29,455
28, 143
21, 925

23,464

5,134

6,558

17, 908
12, 580

10, 884

241,315
. _

8,953
11, 583

18, 651
19, 325
18, 150
7,701

16, 455
13, 215
13, 802

344, 541
229, 832
249, 169

September
October
November.. _ .
December

May
June
July
August

227, 924
268, 792
221, 168

8,820
18, 689
14, 423
13, 468
18, 538

16, 094

9,391
9,182

15, 867
16, 920
16, 777
15, 121

14, 830
12, 625
16, 942
14, 123

18,229

12, 159

14, 445

11, 815
13, 623

11,833
8,694

15,318
14, 845
14, 772

_

September
October
November
December
1 Compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 10 manufacturers comprising the entire industry. The figures represent
regular selection. Details by kind of fixture are given in press releases, showing also culls, the classifications including baths, lavatories, shower receptors, sinks, slope sinks,
stalls, trays (single), combination sink and trays, 2-part trays, intergral drainboard sinks, and miscellaneous. Net new orders comprise total new orders less cancellations,
while stocks show amount of finished glost fixtures on hand at the end of the month.
2 Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 32 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 new orders comprise total new orders less
cancellations, while stocks show amount of finished glost fixtures on hand at the end of the month.
3
Compiled by Rock Products from reports of 14 firms from May through August, 1926, and from 17 to 23 firms for the remainder of that year. The 1926 averages are
based on total figures for the year by 23 firms, which represented 75 per cent of the output of the industry in 1926, according to the annual census, and whose stocks on
December 31, 1926, represented 52 per cent of total stocks on that date. Data for 1927 and 1928 were reported by from 23 to 30 plants each month.
3 months' average, July to December, inclusive.
1
8 months' average, May to December, inclusive.
8
4 months' average, September to December, inclusive.




76

Table 54.—CEMENT AND HIGHWAYS
CONCRETE
PAVEMENTS

PORTLAND CEMENT i

Production
Shipments

YEAR AND MONTH
Total

Ratio to
capacity

Thousands Per cent
of barrels
1913 monthly average
1914 monthly average.
1915 monthly average
1916 monthly average.
1917 monthly average

Stocks,
end of
month

Stocks,
clinker,
end of
month

Wholesale
price,
composite

Dolls, per
barrel

Thousands of barrels

7,675
7,353
7,146
7, 589
7,721

7,391
7,203
7,219
7,852
7,542
5,894
7,167
7,999
7,921
9,714

9,386
9,809
7,278
10, 161
9,572

11,448
12, 405
13, 434
13, 673
14, 328

76.1

11, 324
12, 146
13, 060
13, 482
14, 244

9, 258
13, 178
16, 055
18, 886
19, 955

4,015
6,191
7,077
9,008
9,635

8,258
7,377
11, 450
14, 048

45.1
44.6
61.9
78.1

5,968
6,731
11, 100
14, 350

22,914
23, 563
23,922
23, 654

16, 701
17, 224
17, 408
18, 315

88.9
93.1
90.4
94.5

16, 865
19, 761
18,984
21, 411

17, 505
17, 174
14, 449
11, 999

92.3
87.4
75.9
60.7

January.
February
March
April

9,768
8,797
10, 223
13, 468

May
June
July
August

17, 280
17, 469

Total

Roads

Thousands of square
yards

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
1927 monthly average

Underconstruction

Completed

Cost

Distance

Thous. of
dollars

Miles

11, 220
12, 773
11,312
11, 054
11, 080

5,891
6,700
8,306
8,191
9,489

New orders 2

FEDERAL-AID
HIGHWAYS s

'

i

4,455
3,264
4,686
6,595

4 3, 499
2,454
3,662
4,863

$15, 472

937

14, 458

$1. 881
1.843
1,789
1.744
1.686

6,580
7,679
8,681
8,942
10, 481

4,245
4,842
5,328
5,095
6,163

10, 799
17, 084
18, 410
17, 876
15, 779

607
853
862
787
690

14, 529
14, 637
12, 187
10, 890
9,660

9,989
11, 943
12, 997
13, 335

1.713
1.683
1.683
1.683

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

23, 503
20, 972
19, 397
16, 292

12, 514
10, 926
9,609
7,887

1.683
1.683
1.683
1.683

14, 234
16, 075
12, 615
13, 528

8,235
8,424
7,299
7,445

9,101
17, 850
17, 150
15, 301

414
845
637
750

10, 000
10, 104
10, 135
10, 005

19, 828
18, 105
11, 619
6,200

13,996
13, 141
16, 022
22, 082

6,490
5,960
6,374
7,599

1.683
1.683
1.683
1.683

11, 581
9,800
7,984
6,542

6,872
5,527
5,102
4,657

23, 354
29,206
29,712
17, 886

927
1,151
1,104
758

9,921
9,466
8, 879
8,517

49.4
47.5
51.7
70.0

6,541
6,563
10, 135
13, 307

25, 116
27, 349
27,445
27,627

9,672
12,237
14, 463
15, 002

1.683
1.683
1.683
1.683

5,902
7,464
12, 406
17, 788

4,103
5,615
8,746
12, 722

10, 728
8,209
11,411

458
340
395

8,480
8,267
8,332

86.6
90.1

18, 986
18, 421

25, 927
25, 021

14, 320
12, 936

1.683
1.683

20,695
15, 446

13, 246
8,997

1927
January
February.
March
April

_

May
June
July
August

_.

September
October
November
December

_
_

1938

September
October.
No ve mber
December

..

1
Data on Portland cement, representing complete reports of manufactures, are from the If. 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. Clinker is unground cement. 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, except for clinkers, for which
data2 appeared in the March, 1928, issue (No. 79), p. 21. Monthly price data from 1913 for quotations now discontinued appeared in the December, 1923, issue (No. 28), p. 54.
Concrete pavements contracted for throughout the United States are from the Portland Cement Association, Highway Bureau. The total contracts include streets and
alleys besides roads.
3
Data on amount of Federal-aid highways completed during each month and under construction at the end of month specified are compiled by the If. S. Department
of Agriculture, Bureau of Public Roads, and include all kinds of improved roads built with Federal aid. Federal-aid roads represented about 45 per cent of the total mileage
of roads improved by the States in 1925, while Federal-aid grants amounted to about 20 per cent of the costs of the Federal-aid roads shown above. The data on roads
completed represent all roads reported as such to the Bureau of Public Roads, whether paid for or not. Monthly data from 1922 appeared in the July 1926, issue (No. 59), p. 24.
4
Of the numerical 1919 monthly average, 3,221,000 yards was actually reported. The remainder is the prorated portion of a total of 3,338,309 yards for the last year of
pavement less than 6 inches thick not allocated by class of pavement. This has been prorated to roads on the basis of the roads' share of allocated contracts.




77

Table 55.—GLASS
POLISHEI>
PLATE2
GLASS

ILLUMINATING GLASSWARE 1

Production

YEAR AND MONTH

Total
No. of
turns

1921 monthly average
1922 monthly average
19.23 monthly average.
1 924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average

New
Ratio to orders
capacity

Unfilled
Ship- orders, Stocks, Producend of
ments end of month
tion
month

Per cent of capacity

No. of weeks'
supply

Thous.
sq. ft.

GLASS CONTAINERS 3

Production
Total
Thous.
gross

Net
Ratio to orders
capacity
Per
cent

Shipments

Unfilled
orders,
end of
month

Thousands of gross

4,021
3,112
3,385
3,147
2,910

50.1
41.6
44.5
42.3
38.5

50.7
42.1
44.7
44.3
40.0

50.5
40.0
44.2
43.0
39.4

3.2
2.6
2.3
1.4
1.2

6.7
8.4
7.0
4.8
3.7

4,465
6,390
7,422
7,630
9,769
10, 738
9,283

January
February
March
April _

2,975
2,996
3,517
3,575

38.0
41.8
43.9
47.1

40.8
45.9
45.3
42.4

38.3
42.2
42.9
43.9

1.4
1.1
1.1
1.0

6.3
6.3
6.4
6.3

10, 729
10, 544
11,617
10, 726

2,005
1,834
1,977
2,051

73.3
72.6
68.3
74.2

2,804
2,166
2, 290
1,663

May
June
July
August

3,123
3,171
1,494
2,050

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
2,038

76.5
70.0
71.0
71.7

1,754
1,862
1, 935
1,642

2,381

3,193
3,837
3,956
3,879

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
9,705
7,344

2,009
2,321
2,143
2,045

72.2
79.7
72.3
69.0

2,237
2,421
2,553
2,414

2,088

January
February
March
April

2,948
2,620
3,023
3,030

35.6
37.2
39.0
39.8

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
11, 641
10, 299

2,032
1,942
2,234
2,205

71.3
70.8
72.3
74.1

2,725
2,838
2,390
2,004

May
June
July
August

2,797
2,689
2,169
2,410

37.0
36.0
33.6
32.0

45.0
38.0
36.3
38.3

39.3
37.3
35.3
31.4

1.2
1.3
1.2
1.3

3.6
3.6
4.0
3.5

9,618
7,999
8,868
10, 616

2,197
2,277
2,050
2,142

73.8
76.5
71.7
69.3

1,800
2,016
1,743
1,850

3,609
3,814
3,454
2,353

40.7
50.6
47.8
33.2

43.4
44.0
40.2
32.9

45.7
45.2
40.7
36.7

1.5
1.4
1.3
1.0

3.6
3.8
4.1
40

9,353
8,703
8,573
7,446

1,999
1,969
2,045
2,224

69.6
66.3
68.5
74.6

2,340
2,314
2,574
2.474

2,325
2,054

2,685
2,936
3,137
3,243

34.8
40.6
39.4
41.8

39.7
38.1
39.6
42.4

36.5
36.9
39.5
40.1

1.2
1.4
1.3
1.1

4.2
4.3
4.2
3.7

8,205
10, 093
11, 297
9,953

2,207
2,085
2,570
2,421

76.9
72.7
82.9
84.3

2,680
2,577
3,424
1,965

1,958
2,113
2,491

10, 140
10, 633
11, 272
10, 705

3,368
3,365

42.1
44.2

44.5
41.6

40.0
42.6

1.1
1.3

3.7
4.4

10, 224
10, 723

2,688

86.7

2,137

2,729

10, 076

.._.
__ _.

Stocks,
end of
month

< 2, 053
2,046
2,110

476.6
72.6
71.6

< 2, 383
2,145
2,256

< 1, 805
1,987
2,125

* 7, 891
8,751
9,747

< 4, 911
5,607
6,256

1,704
1,744

9,654
10, 017
10, 116
9,522

5,906
5,982
5,915
5,781

8,918
8,116
7,232
7,640

5,543
5,276
5,138
5,145

7,672
7,958
8,714
9,453

5,054
5,408
5,822
6,315

10, 274
11, 219
11, 137
10, 658

6,541
6,646
6,488
6,341

10, 135
9,682
9,148
8,765

6,149
6,065
6,216
6,217

8,606
8,681
9,043
8,616

5,925
5,878
6,049
6,551
6,327
6,370
6,283
6,239
6,192

1926

September
October
November
December

_
. _
_

___

2,056
2,179

2,288
2,117

2,022

1,980
1,693
1,592

1927

.

. .

September
October
No vember
December

1,803
1,867

2,368
2,346
2,383
2,350
2,227
2,120

1,928
1,724

1928

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

..

2,646

September ..
October
No vember
December
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 numbers 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 ass9ciation's report.
4
4 months' average, September to December, inclusive.




78
Table 56.—WOOD DISTILLATION
ACETATE OF LIME
Wholesale
price 3

Ship- Stocks Exments end of ports 2
mo.

Production

YEAR AND MONTH

METHANOL (CRUDE)

Production

Stocks,
crude
plants,
end of
month

Dolls,
per
cwt.

Thousands of pounds

Stocks, refineries,
end of month

35, 836
14, 266
24, 980
22, 701
22, 180
19, 991

$2.78
1.87
2.26
3.84
3.27
2.90
3.28
3.50

652, 021
324, 504
567, 409
716, 144
579, 286
647, 899
674, 663
651, 702

2, 749, 407
8, 494, 877
2, 117, 172
1, 613, 454 * 1, 356, 717
924, 501
476, 614
351, 922
1, 002, 820

13, 707
14, 048
12, 926
17, 711

20, 882
18, 979
19, 406
15, 711

1,340
426
4,571
2,970

2.75
2.75
3.00
3.13

589, 555
626, 493
688, 662
732, 899

1, 608, 108
1, 424, 230
1, 349, 229
1, 301, 246

14, 425
12, 905
14, 314
14, 226

11, 339
10, 525
9,954
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

May
June
July
August

13, 482
11, 241
10, 964
12, 180

13, 658
12, 499
14, 741
14, 524

28, 518
26, 093
22, 373
19, 951

1,893
2,235
1,909
2,902

3.25
3.25
3.25
3.25

September
October
November
December . .

11, 770
14, 002
14, 100
13, 468

11, 285
16, 013
15, 510
14, 187

23, 241
17, 746
16, 328
16, 421

1,392
1,125
1,797
675

1927
January
February
March
April

14, 181
12, 667
14, 223
13, 138

10, 067
10, 184
14, 002
13, 560

19, 910
22, 422
22, 620
22, 207

May
_
June
July
August

12, 552
12, 070
11, 712
13, 125

11, 972
14, 196
12, 211
13, 587

T)pnf>mhpir

12, 856
13, 849
13, 468
12, 718

1928
January
February
March
April
May

av
av
av
av
av
av
av
av

Total

Reporting

Shutdown

Cords

41, 085
27, 795
24, 839

829, 227
826, 847
942, 884
794, 744
742, 167
646, 454
502, 585
553, 604

5,629
5,448
5,391
5,339
4,687
4,389
3,706
3,463

4,083
4,585
5,217
5,171
4,017
3,958
3,616
3,463

626
2,771
1,890
1,183
681
758
486
355

1, 362, 188
1, 064, 365
856, 751
792, 357

19, 889
36, 606
33, 186
15, 300

15, 320
19, 558
10, 643
73, 092

65, 485
66, 338
72, 988
77, 101

620, 944
603, 632
575, 977
723, 511

4,162
4,164
4,140
4,140

3,916
3,918
3,918
3,918

965
1,091
841
841

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

70, 254
39, 270
62, 139
26, 794

77, 239
71, 568
78, 264
79, 751

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

671, 674
564, 596
553, 050
589, 828

1, 414, 577
1, 165, 016
888, 923
622, 456

876, 428
600, 780
279, 202
351, 409

23, 827
20, 664
33, 827
33, 651

16, 001
37,811
19, 317
43, 350

72, 867
62, 575
60, 837
66, 007

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

3.25
3.25
3.38
3.50

610, 393
712, 309
720, 798
733, 678

486, 199
442, 998
463, 049
278, 219

164, 363
151, 326
144, 136
207, 682

31, 853
30, 293
18, 947
15, 369

»8,779
24, 977
29, 869
8,704

65, 807
73, 895
73, 701
70, 653

491, 307
485, 022
473, 964
502, 482

3,577
3, 577
3,577
3,607

3,475
3,475
3,523
3,607

537
391
409
479

1,630
500
1,579
974

3.50
3.50
3.50
3.50

805, 473
680, 583
726, 694
666, 638

397, 999
340, 847
387, 684
325, 888

341, 444
613, 939
645, 852
819, 216

15, 913
19, 657
22, 574
12, 949

11, 012
16, 226
20, 584
41, 254

80, 233
68, 972
75, 755
69, 895

500, 818
473, 346
481, 807
524, 259

3,553
3, 555
3,526
3,535

3,553
3,555
3,526
3,535

155
155
295
319

23, 068
20, 923
20, 553
19, 889

1,582
562
1,355
283

3.50
3. 50
3.50
3.50

638, 376
626, 789
592, 368
574, 710

345, 366
339, 632
295, 812
361, 657

896, 334
991, 672
1, 094, 775
1, 408, 637

33, 078
39, 025
21, 227
28, 610

22, 863
2,201
9,622
18,796

64, 309
64,861
63, 714
81, 781

551, 536
584, 690
598, 209
606, 910

3,535
3,535
3,535
3,395

3,535
3,535
3,535
3,395

537
706
655
455

13, 369
17, 141
13, 575
12, 527

19, 452
16, 185
16, 057
15, 931

None.
915
676
2,078

3.50
3.50
3.50
3.50

572, 594
642, 299
660, 625
635, 166

314, 231
369, 965
339, 584
354, 266

1, 467, 460
1, 181, 225
1, 407, 745
1, 165, 544

1,590
27, 995
31, 987
43, 458

20, 526
57,983
48, 624
39, 369

79, 350
73, 159
70, 775
67, 101

617, 360
599, 314
593, 089
565, 456

3,395
3,339
3,323
3,329

3,395
3,339
3,323
3,329

391
145
145
226

12, 519
11, 718
13, 022
11, 693

11, 095
9,539
12, 303
12, 092

17, 202
19, 562
20, 186
20, 516

1,630
1,760
2,037
917

3.50
3.50
3.50
3.50

649, 551
592, 855
657, 460
607, 253

344, 798
363, 325
333, 496
323, 183

1, 126, 152
1, 132, 377
1, 079, 047
1, 120, 970

56, 104
55, 298
47, 268
55, 934

33, 384
42, 871
41, 232
59, 244

68, 559
64, 080
72, 303
63, 973

560, 568
543, 355
534, 161
515, 250

3,293
3,323
3,323
3,275

3,293
2,323
3,323
3,275

249
261
261
263

10, 987

15, 586

16, 292

1,152
215

3.50
3.50

559, 604

299, 062

909, 620
558, 483

57, 270
73, 955

98, 763
66, 785

59, 744

489, 388

3,266

3,266

299

1925
September October
November
December _ .

12, 117
12, 588
13, 324
14, 369

1926
Januarv
February .._
March
April

June
July
August

Stocks,
end of
mo.

78, 580
34, 177
64, 286
80, 787
62, 048
68, 303
71, 097
71, 602

13, 683
13, 424
10, 120
12, 686
13, 012
12, 945

September
October
November

Carbonized

DAILY CAPACITY

58, 589
34, 343
105, 860
100, 585
53, 386
34, 015
34, 772
25, 755

12, 421
4,885
10, 445
13, 700
10, 815
12, 628
13, 090
13, 056

_-

Exports 2

Gallons

1,942
1,520
2,300
1,829
1,931
1,837
1,549
1,011

1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly

Canada

United
States

WOOD

4

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
1920appeared 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. Pressreleases of the Bureau of the Census also give Canadian figures, beginning with 1925.
2
Exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3
Wholesale prices are monthly averages compiled by the U. S. Department of Labor, Bureau of Labor Statistics.
* 9 months' average, April to December, inclusive.




79
Table 57.—REFINED METHANOL, ETHYL ALCOHOL, EXPLOSIVES, AND DYES
REFINED METHANOL 1

United

States

Canada

Stocks, end of
month
United
States

Canada

Shipments

United
States

Canada

monthly av.
monthly av
monthly av.
monthly av.
monthly av_
monthly av_ 8 556, 322 8 24, 202 6 678, 528 e 47, 019
monthly av_ 616, 893 24, 327 569, 982 59, 600
monthly av_ 451, 180 25, 012 481, 479 55, 242

Production

Dolls,
per
gal.

Gallons
1920
1921
1922
1923
1924
1925
1926
1927

Wholesale
price

Production

YEAR AND MONTH

ETHYL ALCOHOL 2

477, 000

24, 442

$2 56
.80
1.64
1.06
.76
.61
.64
.67

Withdrawn
for
denaturization

Warehouse
stocks,
end of
month

Exports
Production

9, 485
6,119
8,137
11, 234
12, 201
16, 190
16, 221
14, 469

5

4, 398
3,864
6,876
9,527
10, 965
14, 801
14, 995
13, 507

5

Ship- New Stocks,
end of
ments orders month Vege- Coal
table tar
Thousands of pounds

Thousands of gallons
5

DYES AND
DYESTUFFS <

EXPLOSIVES 3

4 466
7,040
5,074
4,754
3,980
6,463
7,962
8,497

30, 756
36, 762
33, 740
34, 057
36, 351
34, 074

31, 080
36, 542
34, 340
34, 241
36, 361
33, 837

28, 926
35, 174
32, 726
32, 737
34, 715
32, 545

16, 316
18, 758
17,067
17, 346
16, 674
17, 827

437
354
264
302
216
314

696
1,494
1,309
2,150
2,151

2,326

2,230

1926
May
June
July
August

523,
698,
737,
608,

766
919
704
346

27, 460
12, 670
None.
None.

685, 000
645, 123
709, 639
516, 943

81, 259
76, 108
58,465
42, 994

.55
.55
.56
.70

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

September
October
November
December..

700,
618,
623,
531,

211
284
544
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

.76
.74
.75
.81

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

1937
January
February
March
April . _

480,
305,
569,
420,

448
479
059
741

35, 290
37, 070
39, 925
39, 910

436,
426,
597,
606,

656
736
379
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

.83
.83
.83
.83

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

May
June
July
August

426,
416,
347,
317,

304
042
833
711

10, 550
None.
22,800
None.

554, 313
521, 609
554, 809
428, 194

73, 726
53, 350
59, 120
50, 687

469, 513
575, 811
411, 229
389, 033

20, 432
10, 485
17, 827
8,440

.83
.66
.66
.58

13, 052
13, 831
15, 170
15, 587

11, 584
13, 761
14, 651
12, 212

9,335
7,496
9,700
11, 122

34, 168
34, 120
30, 954
36, 304

35, 355
33, 783
31, 136
35, 736

33, 961
32, 354
30, 335
34, 680

16, 784
16, 989
16,794
17, 344

451
363
165
237

1,928
968
1,526

September
October
November
December

441,
688,
529,
470,

771
435
552
969

28,293
6,700
38, 600
41,000

382, 876
396, 137
452, 246
419, 812

58, 312
26, 443
32, 854
34, 752

506, 914
698, 476
626, 643
506, 310

23, 982
38, 569
28, 629
16, 937

.55
.53
.48
.48

14,129
16, 584
18, 051
19, 502

14, 130
17, 759
17, 329
18, 760

9,838
7,931
8,211
8,158

36, 858
38, 918
34, 695
29,490

36, 964
38, 261
34, 645
27, 839

35, 304
36, 747
32, 111
27, 398

17, 152
17, 807
17, 847
19,196

229
359
377
422

1938
January _
February
March
April

496,
390,
442,
468,

073
099
023
446

38, 700
44, 850
48, 400
46, 000

455,
467,
412,
430,

316
723
597
298

29, 198
32, 044
48, 413
47, 311

482, 666
407, 351
469, 308
412, 597

17, 775
35, 986
11, 505
39, 856

.48
.46
.46
.46

13,050
11, 220
11, 050
11, 784

10, 098
9,061
8,686
9,334

9,463
10, 120
10, 945
11, 267

29, 607
31, 895
30, 001
32, 153

31, 332
31, 035
30, 801
32, 095

29, 878
29, 203
29, 660
30, 701

17, 973
18, 447
18, 645
17, 647

239
276
490
296

557, 780
603, 247

30, 400
6,200

505, 299
541, 083

55, 359
45, 733

492, 081
596, 502

14, 528
11, 462

.46
.46

11, 043

10, 468

10, 904

32, 850

33, 511

32, 163

16, 990

160
272

May
.. .
June
July
August

1,661

2,743
2,449
1,883

2,220
2,672
2,104

3,595
1,227

2,254
4,469
1,838
1,920

2,222
1,715

2,848
1,735
1,788
1,898
1,726

September..
October.
November
December
1 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; except for prices, which are monthly averages compiled by the U. S. Department of Labor, Bureau of Labor Statistics. 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 2so no purchase column is shown for Canada.
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 is taxable. Data for fiscal years previous to 1920 appeared in the February, 1928, issue (No. 78), p. 79. Beginning with April, 1928, monthly data on production and
stocks are also reported by the Industrial Alcohol Institute from 16 members representing about 90 per cent of the industry.
3
Compiled by the U. S. Department of Commerce, Bureau of Mines, from reports from 24 companies. Data comprise black powder, permissibles, and other high explosives, and do not include reports of manufacturers of ammunition and fireworks, nor production of nitroglycerin, except in so far as nitroglycerin is used in the manufacture4 of other explosives. Detailed data by classes from 1922 appeared in November, 1924, issue (No. 30), p. 107.
Data compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Export figures for " vegetable " dyes include logwood extract (about
50 per cent) and other dye extracts; coal-tar exports comprise coal-tar colors, dyes, and stains.
4
8 months' average, May to December, inclusive.
• 9 months' average, April to December, inclusive.




80

Table 58.—NAVAL STORES
GUM TURPENTINE

GUM ROSIN

STEAM DISTILLED NAVAL STOHES 1

Wood rosin
Stocks,
Net
end of Wholereceipts month
saSe
(3 ports)* (3 ports) = price 3

YEAR AND MONTH

Barrels of 50 gals.
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average__
1920 monthly average

26, 494
22, 807
25, 819
23, 006
13, 349
15,481
21, 131

1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average

Dolls,
per gal.

Net
receipts
(3 ports) 2

Stocks,

Wholeend of
sale 3
month
(3 ports) 2 price

Barrels of 500 Ibs.

Dolls,
per bbl.

ProdllC-

tion

Stocks
at
plants

Bbls. of 500 Ibs.

Wood
turpentine
Production

Pine oil

Stocks
at
plants

Production

Bbls. of 50 gals.

Stocks
at
plants
Gallons

59, 721
71, 562
96, 818
122, 792
55, 481
27, 764

$0.43
4.47
.46
.49
.49
.59
1.20
1.74

58, 914
92, 260
98, 905
79, 787
53, 138
54, 092
69,912

275, 273
322, 029
323, 461
292, 126
233, 926
157, 943

$4. 82
4.02
3.77
5.80
6.39
10. 56
15. 16
15.29

22, 110
21, 765
26, 515
26, 067
24, 319
25, 279
33, 876

47, 707
26, 762
28, 610
38, 567
40, 731
44, 827
56, 294

.68
1.15
1.17
.91
1.01
.93
.62

65, 939
83, 439
97, 575
92, 295
90, 195
91, 426
117,201

316, 585
308, 498
266, 932
250, 478
192, 908
145, 074
178, 557

5.79
5.77
6.01
6.17
10.94
12.41
10.13

23, 865
27, 213
34, 572

35, 449
20, 938
67, 051

4,883
5,219
6,650

8,144
3,156
9,123

161, 550
195, 166
231, 863

654, 069
407, 587
451, 633

May
June
July
August

28, 945
42, 503
43, 122
40, 632

26, 719
36, 532
44, 762
58, 929

.86
.87
. 88
.95

85, 965
137, 584
143,415
138, 124

85, 026
112, 514
132, 649
131, 636

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
4,633
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

.92
.90
.89
.86

118, 868
114, 120
107, 801
122, 847

148, 177
158, 210
184, 405
208, 789

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
6,045
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

7,386
5,138
10, 132
30, 989

48, 993
40, 047
24, 668
31, 802

.83
.75
.74
.67

39, 136
27, 214
36, 322
97, 028

160, 120
147, 635
81, 013
107, 562

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
50,466
47, 809

47, 264
52, 340
58, 390
58, 915

.63
.57
.56
.59

150, 397
184, 971
169, 439
158, 514

153, 445
165,991
179, 734
198, 883

9.67
9.93
9.74
10.62

36,508
35, 197
36, 038
35, 521

64,763
72, 454
72, 486
71, 982

6,974
6,541
6,414
6,347

8,746
9,896
6,652
8,256

243, 880
222, 151
231, 350
242, 050

392, 864
428, 796
458, 923
524, 246

45, 775
39, 115
35, 795
28, 154

73, 019
80, 473
77, 676
81, 939

.55
.53
.51
.54

151, 045
132, 059
144, 892
115, 397

229, 426
222, 167
247, 954
248, 755

10.08
9.24
8.55
8.70

34, 839
35,963
35, 187
28, 483

76, 327
82, 717
87, 179
85, 553

6,562
6,901
6,820
5,291

10, 232
12, 163
13, 385
12, 869

244, 445
237, 625
235, 695
192, 141

555, 818
588, 778
561, 363
588, 571

7,764
4, 568
5,624
20, 765

72, 035
61, 906
40, 338
45, 458

.60
.60
.60
.58

41, 160
30, 549
25, 544
67, 762

262
053
074
805

9.54
8.94
8.89
8.54

29, 200
32, 792
35, 148
34, 831

85, 413
90, 429
98, 101
108, 394

5,771
5,645
6,647
6,052

10, 621.
10, 477
10, 862
10, 963

198, 646
237, 953
259, 079
240, 845

605, 771
641, 354
693, 522
727, 416

39, 764
48, 111

46, 741
61, 336

.54
.57

118, 460
148, 041

128, 789
165, 604

8.15
9.10

36, 036
36, 054

114, 160
108, 200

6,350
5,700

9,459
8,510

248, 606
191, 947

768, 195
829, 507

.

1926

1927

January
February
March
April

_.

May
June _.
July
August

-

--

- __ --

September
October
November
December

. _ _.
1928

January
February
March
April

- - --

May
June
July
August

September .
October
November
December

200,
159,
123,
140,

"

"""1

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 U. S. Department of Labor, Bureau of Labor Statistics, and represent average prices in the New York market. Quotations for rosin cover B grade,
unit 280 pounds gross, ex dock, and turpentine quotations cover southern, in barrels, both being at New York. Monthly data from 1913 appeared in November, 1925, issue
(No. 51), p. 22.




81

Table 59.—CHEMICAL PRICES, ARSENIC, AND ROOFING
[Base year in bold-faced type]
ARSENIC 3

WHOLESALE PRICE INDEXES
i

Drugs
and
Pharmaceuticals i

YEAR AND MONTH

Essential
oils*

Crude
drugs l

Relative to August, 1914

Chemicals 2

Oils
and
fats 2

100
201
196
129
120

100
213
265
158
131

100
185
202
134
174

142
155
157
156
158

135
140
174
170
131

220
208
198
205
202

125
114
113
113
113

142 !
139
155
150
131

155
148
143
135

209
215
211
203

114
114
114
114

155
155
155
156

126
125
126
123

203
204
206
207

156
156
156
156

121
122
122
121

156
160
169
169

169
169
169
169

_ _ _

Production

Relative to 1913-14 e

155
156
156
156

1914 monthly average
1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average

Crude

100

PREPARED
ROOFING*

Refined

Stocks,
end of
month

Production

Stocks,
end of
month

Shipments
Thousands of
squares 7

Short tons

DRY ROOFING
FELT «

Production

Stocks,
end of
month

Short tons

100

"""

2,079
2,360
2,182
2,541

,

r

8 9, 016
8 12, 055

average..
average
average
average
average

_.
__

1926
.

September
O ctober
November
December

_

1,497
697
458
1,161

2,924
3,575
3,149
1,670

1,072
1, 519
923
520
860

742
3, 268
7,034
3,982
1,842

2,542
2,714
2,731
2,670
2,833

16, 078
17, 406
20, 297
23, 030
25, 276

2,427
2,296
3,588
4,043
3,349

154
136
134
129

488
419
514
537

2,959
2,538
2,667
2,621

560
697
885
866

2,648
2,382
2,188
1,798

3,450
3,495
2,441
2,115

26, 938
27, 636
22, 013
17, 857

3,236
3,426
3,246
3,545

114
113
113
113

128
137
134
132

1,414
1,147
1,380
1,075

2,725
2,387
2,378
2,208

913
810
1,030
925

1,983
2,251
2,230
2,059

1,405
1,691
2,891
3,183

19, 266
19, 669
25, 209
27, 638

3,628
4,045
3,417
3,089

205
200
196
192

113
113
112
112

130
130
126
127

905
1,003
1,163
972

1,432
1,155
1,363
1,009

683
789
765
986

1,718
1,266
789
1,346

3,020
3,003
2,637
2, 992

27, 019
26, 517
23, 605
27, 441

2,806
3,181
3,272
3,166

203
123
126
128

202
207
206
201

113
112
112
112

134
134
133
128

1,472
1,004
1,269
1,125

1,422
1,260
1,326
1,375

873
937
822
782

1,787
2,321
2,255
2,101

3,287
3,218
3,280
3,386

27, 902
27, 512
25, 680
25, 853

2,907
3,748
3,810
3,118

130
131
132
139

208
209
212
210

112
112
113
113

130
122
122
125

1,158
1,600
1,076
1,098

1,407
2,005
1,834
1,863

827
668
688
669

2,496
2,403
2,479
2,760

1,587
1,320
3,248
3,016

21,743
19, 098
25, 492
27, 534

3,088
3,558
2,775
2,844

113

1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly

128

1,225

1,876

713

2,370

3,008

27, 521
28, 476

2, 366
2,153

1927
January
February . .
March _.
April

.

May
_ - - - June _.
July
August . . _ _ . -

September
October
November
December

___

_

1928
--

January _
February
March
April
.

_ _ _

May
June
July .

August

_

.

September
October
November
December.

_ _

1 Compiled by the Oil, Paint, and Drug Reporter from weekly wholesale quotations of 40 crude botanical drugs, 20 essential oils, and 35 drugs and pharmaceutical
chemicals, respectively.
2
The chemical price indexes from Chemical and Metallurgical Engineering include quotations on 25 chemicals and 15 oils and fats selected on the basis of their importance as representing both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of total production
plus total imports in the year 1923. The figures are averages of weekly prices. A similar index, including 25 of the principal chemicals, oils, and fats used in the new
indexes, with yearly data from 1917 to 1923 and monthly data for 1923 and 1924, may be found in the November, 1924, issue (No. 39), p. 105.
3
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 the month. Monthly data on refined arsenic from 1923 appeared in the August,
1925, issue (No. 48), p. 48.
1
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
data5 are prorated to 100 per cent of the industry.
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.
6
Relative to 12 months' average, July, 1913, to June, 1914.
7
A roof square is equivalent to 100 square feet of covering as measured on the roof.
3
6 months' average, July to December, inclusive.

731°—28



6

82

Table 60.—CHEMICALS
SULPHUR

SULPHURIC
ACID

Production s
(quarterly)

Exports !

Long tons

YEAR AND MONTH

Pounds

NITRATE OF
SODA i

Whole- Production in
sale
price 4
Chile
Dollars
per 100
pounds

1919-13 mo. av
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av

614, 940
807, 417
1, 098, 015
6, 486, 619
5, 538, 625
5, 293, 578

$1.00
1.00
1.30
2.00
1.70

1918
1919
1920
1921
1922

monthly
monthly
monthly
monthly
monthly

av
av
av
av
av

6, 691, 220
1, 774, 625
2, 415, 612
1. 067, 862
1, 039, 199

1.60
1.00
1.12
.91
.76

1923
1924
1925
1926
1927

monthly
monthly
monthly
monthly
monthly

av__
av
av
av__
av

686, 981
939, 389
628, 094
768, 700
626, 029

Metric
tons

e 251, 939
221, 294
351, 330
472, 851

1936
September
October
November
December

486, 237

511, 287

1927
January
February
March
April .

565, 760

May
June
July . ...
August

593, 498

September
October ._
November
December...

510, 820

1928
January
February.
March
April

400, 901

May
June _
July
August
September
October
November
December.

526, 009

Imports

POTASH i

ProducImports tion in
France

Long tons

SUPERPHOSPHATE 2

Sales in
Germany

FERTILIZER

Stocks,

Consumption in
Exports i Southern
States 5

Produc-

tion

Metric tons, K 2 O
content

43, 177
52, 155
45 143
64, 349
101, 535
128, 601

21, 124
22. 291
17,611
6,305
978
802

238, 712
139, 921
210, 386
109, 629
89, 317

153, 766
33, 955
110, 160
30, 767
45, 039

.73
.71
.70
.73
.75

158, 809
200, 266
209, 982
167, 836
134, 275

74, 084
82, 053
92,901
75, 416
61, 335

19, 205
19, 088
21, 751
25, 304
22, 416

22, 583
25, 707
30, 555
31, 003

70, 172
102, 121
91, 656
103, 292

384, 061
260, 291
590, 680
638, 607

.74
.75
.75
.75

120, 800
127, 100
111, 283
86, 731

37, 096
47, 503
51, 448
63, 660

23, 355
28, 341
34, 411
29, 347

28, 456
31, 231
33, 946
34,260

519,270
866. 882
420, 361
1, 024, 337

.75
.75
.75
.75

79, 151
74, 253
90, 479
99, 050

47, 240
33. 578
94, 151
97, 480

30, 189
18, 394
19. 308
15,911

729, 771
746, 096
801, 140
517, 346

.75
.75
.75
.75

105, 900
115, 900
127, 060
142, 800

43, 578
39, 683
54, 867
71, 904

454, 326
474, 080
417, 475
541. 263

.75
.75
.76
.78

143, 700
189, 200
210, 000
233, 849

559,
579,
727,
842,

952
759
558
460

.78
.78
.78
.78

515, 617
732, 598

.78

month

Long
tons

Short tons

1,564
5,230
14, 880
8,739
20, 103

'

Shipments

end of

Short
tons

103, 391
119, 938
85, 639
30, 647
32, 747
28, 733

"

.-_ r _.
_l

_

I

18, 713
54, 509
117, 994
74, 620
77, 912

411,678
232. 193
292, 224
360, 412
390, 477
431,015
437, 370
391, 222

275, 722
285, 1C2
270, 753

1, 177, 544
1, 653, 945
1, 568, 110

97, 149
104, 801

91, 641
89, 216
95, 532
91, 342
106, 098

82, 589
63, 167
68, 319
95, 886

243,
301,
298,
297,

599
790
801
386

1, 541, 106
1, 690, 378
1, 899, 482
2, 124, 600

181, 918
94, 719
54. 682
69, 805

97, 701
73, 384
73, 993
70, 466

219, 135
120, 689
79, 725
104, 109

35, 579
31, 829
32, 927
25, 740

190, 364
182, 660
164, 970
50, 955

275,
276,
223,
213

908
281
253
967

2. 190, 543
2.111,115
1, 559, 847
1, 016, 748

78, 712
154, 527
292, 670
295, 200

67, 678
111, 190
109. 580
128, 689

526, 771
836, 610
1, 498, 537
870, 224

8,292
6,502
36, 857
43, 572

30, 200
27, 676
30, 265
32, 868

43, 048
82, 949
88, 820
84, 548

240,
199,
240,
256,

939
369
863
980

1, 013, 638
1, 092, 227
1, 347, 554
1, 468, 286

107, 738
63, 388
56, 265
79, 347

119, 927
111,512
138, 023
100, 659

146, 454
60, 991
35, 535
109, 954

64, 753
55, 154
67, 091
66, 546

28, 822
27, 884
17, 039
16, 227

31, 800
33,000
30, 204
29, 952

Ii8, 629
63, 730
68, 363
100, 470

267, 516
340,411
342, 400
350, 587

1, 361, 529
1, 580, 756
1, 806, 877
1, 995, 954

198, 547
109, 447
75, 260
79, 885

113, 322
96, 672
95, 605
80, 319

250, 971
121, 075
87, 965
157, 858

242, 800
236, 600
253, 800
255, 100

69, 867
144, 716
177, 187
131, 819

31, 646
33, 774
22, 230
28, 137

31,290
33, 958
34, 770

202, 010
208, 400
161, 460
67, 414

358,
345,
361,
355,

008
040
729
614

2, 196, 736
2, 087, 723
1, 386, 087
875, 207

101,
201,
447,
390,

540
571
461
894

87, 632
74, 955
114,632
127, 111

603, 343
1, 113, 569
2, 185, 435
862, 878

262, 400

113, 722
76, 135

12, 997
14, 525

285, 405

806,811

135, 845

146, 480
111, 581

198, 810
47, 236

63, 746
99, 948

"

1
Data compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Potash imports include potash imported as chemicals and also the
muriate and sulphate used in fertilizers. "Total fertilizer" exports are made up largely of phosphate rock. Potash data from France and Germany are secured by the
department from Potasses d' Alsace, the French government office having charge of potash mines in France, and the Kali Syndicate, controlling the German potash market,
respectively. Monthly data on these two items from 1924 appeared in the June, 1928, issue (No. 82), p. 22.
2 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.6 57), p. 17.
Average for last 3 quarters of year.




83

Table 61.—COTTONSEED PRODUCTS
COTTONSEED OIL
COTTONSEED CAKE
AND MEAL

COTTONSEED 1

YEAR AND
MONTH

Con-

Stocks
at mills,
end of
(crush) month

Receipts sumption
at mills

Production

Short tons

1913 mo. av
1914 mo av
1915 mo. av
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av
1920 mo av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av

8

7o8, 756
320, 871

8

354, 433
392, 739
308, 006
335, 846
253, 578

262, 946
363, 132
439, 520
486, 842
466, 328

269, 745
321, 649
423, 562
495, 473
491, 646

1926
September
976, 295
October _ _. 1, 502, 131
November ... 1, 224, 487
854, 735
December
1927
January
581, 856
February.
473, 340
March
358,989
103, 239
April _ _ _56, 611
May
55, 562
June
54, 038
July
290, 422
August - 1, 007, 261
September
October
1, 282, 625
848, 706
November
483, 281
December
1928
January
339, 212
177, 229
February
March
95, 296
April
15, 947
May
5,660
16, 798
June
July
August
September
October
November
December

Factory
consumption
In
Total
(qtly.) « oleo.8

Stocks,
end of
month i

8

Production i

Dolls,
perlb.

Thousands of pounds

463, 114
357, 084

358, 344
351, 443
304, 727
359, 686
268, 135

Production i

Stocks,
end of
month

Price, summer yellow
prime *

Refined

Crude 1

$0. 072
OG6
068
8
.106
116, 385
238,965 .155

170, 890
99, 087

Stocks
at mills, Exend of ports s
month 1

41,878
93, 175
176, 746

8

Production

Consumption

Thous. of Ibs.

Short tons

8

OLEOMARGARINE 2

148, 815
180, 400

42, 062
60, 786
51, 330
16, 890

7 12, 102
' 12, 002

11,861

7 12, 709
23, 937

11, 798
11, 787
12, 404
19, 044

7 12,151

225, 152
169, 225
223, 758 » 1, 456
183, 517
1,239

231, 106
189, 530
271, 659
253, 101
188, 105

.201
.239
.153
.079
.102

175, 239
182, 653
137, 015
149, 183
114, 794

86, 007
109, 522
198, 187
143, 476
133, 357

486
26, 172
14, 168
24, 399
18, 707

29, 217
30, 733
29, 957
17, 840
15, 380

26, 877
29, 081
30, 014
17, 518
14, 969

75, 878
88, 056
112, 122
123, 079
132, 716

168, 811
194, 965
290, 279
280, 618
298, 294

156, 684
152, 824
225, 114
209, 153
414, 015

.113
.110
.108
.118
.097

122, 901
147, 394
197, 303
226, 619
220, 629

127, 702
122, 743
139, 910
226, 264
142, 922

14, 349
25, 907
33, 290
35, 088
36, 713

18, 839
19, 294
19, 568
20, 293
23, 042

18, 872
19, 156
19, 359
20, 226
22, 881

58, 262
102, 309
131, 181
158, 348

75, 053
213, 133
237, 890
229, 220

208,933

1,775
2,091
2,158

63, 723
133, 343

346, 506

2,008

332, 415

.113
.088
.083
.082

214, 330
418, 002
438, 170
422, 655

127, 409
170, 324
176, 103
167, 400

21, 749
74, 115
47, 544
92, 370

20, 232
21, 820
23, 428
24, 798

20, 172
21, 766
23, 800
24, 530

250, 386
205, 051
186, 914
106, 887

175, 190
155, 430
139, 879
123, 141

205, 929
201, 217
170, 868

2,013

342, 229

2,006
2,487
2,173

.085
.091
.095
.091

377, 425
310, 075
278, 417
164, 748

147, 144
152, 147
178, 737
180, 741

81, 099
61, 775
23, 860

111,408

395, 022
460, 491
505, 199
531, 376

22, 748
22, 345
25, 484
23, 569

21, 859
20, 356
27, 234
23, 267

171, 852
103, 407
89, 784
217, 894

62, 182
36, 106
22, 567
46, 212

73, 029
33, 985
16, 297
26, 322

91, 455
70, 257
31, 789
32, 210

1,974
1,909
1,559
1,745

507, 762
460, 163
378, 613
274, 711

.091
.092
.095
.100

84, 889
57, 238
39, 022
72, 659

153, 853
101, 748
63, 632
45, 116

21, 527
18, 105
23, 169
15, 122

20, 917
20, 645

20, 799
21, 171
16, 727
19, 387

644, 954
581, 090
876, 630 1, 050, 949
782, 681 1,113,974
992, 049
605, 206

178, 018
272, 547
247, 523
192, 057

87, 474
146, 567
165, 069
157, 578

100, 849
194, 676
205, 888
176, 051

2,113

225, 782
310, 330
415, 833
502, 901

.107
.109
.106
.100

258, 685
391, 037
344, 591
268, 757

109, 591
186, 997
205, 008
190, 354

26, 306
53, 834
63, 790
43, 327

23, 495
26, 041
25, 913
27, 461

23, 981

763, 353
489, 955

181, 022
144, 658
108, 387
56, 945

168, 519
159, 302
124, 730

2,162
2,114
2,214
2,015

538, 257
566, 832

259, 275
202, 264
150, 984
82, 273

53, 249
27, 671

110,819

516, 232

.101
.093
.096
.099

177, 118
170, 827

83,371

143, 378
138, 231
124, 848
84, 159

27, 729
26, 327
27, 437
22, 800

24, 437
13, 445

47, 409
33, 509

61, 935
22, 779

2,135
2,106

480, 431
415, 428

.106
.102

31,376

59, 745
45, 387

12,514
8,230
4,906

26, 205
27, 624
27, 288
24, 291
23, 744

23, 381

8

8

457, 924
259, 179
364, 661
315, 672

95, 223
106, 442
77, 886

98, 545
104, 564
94, 699
57, 623

327, 424
435, 341
592, 223
587, 386
592, 748

81, 146
96, 286
125, 987
147, 024
150, 538

61, 544
72, 957
72, 983
75, 791
108, 330

476, 142
586, 835
934, 643 1, 153, 247
984, 561 1, 391, 922
942, 976 1, 303, 681

139, 628
282, 406
297, 691
277, 405

849, 721 1, 035, 766
686, 786
818,735
615, 072
561, 686
352, 994
311,931
196, 510
123, 977
67, 661
161, 423

570, 408
450, 627
323, 307
164, 872

261,944
113,019

66, 040

52, 437

39,041

30,194

101, 457
97, 483
81, 645
99, 659

68,933

250, 319

348, 821

1,705
1,693

2,029
1,954

2,052

2,228
2,260
251, 805

303, 478

2,154

232,971

541,640

18, 457

84, 870

8,636

143

17,214
20, 672

26,823
26, 256
26, 717

23,738

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 17. 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 5 months' average, August to December, inclusive.
9
6 months' average, July to December, inclusive.




84

Table 62.—FLAXSEED AND LINSEED PRODUCTS

Minneapolis and
Duluth 2
YEAH AND MONTH

Oil mills s
(quarterly)

Argentina

Im-

ports i

Ee-

ceipts

ai-s- i Stocks,

SK -5T

Con- Stocks,
Exsump- end of ports 6
tioii
qtr.

Stocks,

end of
mo.7

Ship- Factory
conProduc- ments
from
tion 3
sump(fitly.)
Minne- tion 3
apolis 4
(Qtly.)

Thousands of bushels

1,979
1,104
999
1 337
843
870
757

1,255
585
460
710
475
421
280

2, 984
2,2SS
1,038
1,490
1,040
2GO
179

6,176

1920 monthly av
1921 monthly av__.
1922 monthly av...
1923 monthly a v _ _ _
1924 monthly a v...
1925 monthly av__.
1926 monthly a v _ _ _
1927 monthly av...

2,053
1,027
1,243
2,028
1,382
1, 37G
1,879
1,818

964
831
729
1, 468
2,294
1,944
1,438
1, 940

329
568
388
561
1,522
997
668
977

984
2,087
299
568
799
1, 365
1,715
2,346

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

January
February
March
April

2,237
1,327
2,097
2,360

787
515
574
374

540
418
398
330

2,372
2,073
2,023
1,860

May
June
_ _
July
August

2,376
2,925
1,381
1,123

491
488
429
717

338
214
606
496

1,381
1,444
908
589

September
October
November
December __

1,716
1,758
1,491
1,029

5,512
8,230
4,088
1,079

1,102
2,008
3, 241
2,035

1,583
5,246
4,671
3,997

January
February
March
April

1,181
1,264
1,671
1,718

925
660
595
474

576
457
612
584

3,312
2,668
2,087
1,627

May
June
July
August

2,156
1,664

650

675

856

132, 897
120, 550
93, 863
113, 232

15,210
11, 868
9, 862
10, 662
11, 158
9,271
10, 026

47, 286

1, 457
2, 867
1,768
2, 168
3, 433
3,517
4, 667
4,975

121,318
120, 703
114, 361
163, 391
176, 397
189, 962
180, 122
194, 179

7, 856
8, 157
8,156
10, 7G3
10, 958
13, 537
11,057
10,617

3,574
3,820
2, 960
3,235

5,200
4,600
4,600
4,400

174, 057

14, 153
11,669
8,725
8,756

7,147
7,513
7,394
7,779

5,200
6,800
7,000
8,000

6,728
4,817
5,130
4,565

6,500
5,000
5,400
4,800

5, 629
6,731
5,381
5,113

3,600
3,000
2,400
2,000 !

8,397

548
771
1,225
1 092
783
1,081
1,170

tories

tatty.)

3,937
6,299
7,057
5,906

728
1, 415
2,374
515
1,520
2,617

120, 856

1, 066

2 701
3,219
2,099
464
1,284
2,087

6,407
6, 507
6,085
8, ."43
9,522
10, 263
9,757
10, 438

2, 668
2,050
1,501
2, 7GO
3,331
3,997
3,687
5,008

3,446
4, 463
3, 038
3,779
4,830
3,430
5,270
6,161

9,507

2,511

11,085

6,154

Wholesale
price,
New
York s

Shipments
from
Exports 1
Minneapolis '

Dolls,
per Ib.

Stocks

at fac3

Thousands of pounds

3, 336

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

FLAXSEED

Thous. of Ibs.

30, 166

C5, 425

$0. 062
.067
.077
.103
.151
.212
.236

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
115,810

78, 457
99, 611
100, 718
85, 549
81, 482
130, 026
150, 072
167, 426

.194
.093
.113
.133
.131
.139
.112
.105

12, 069
15, 068
10, 790
17, 062
17, 370
24, 283
16, 741
16, 938

19, 635
48, 856
36, 739
47, 058
54, 463
54, 224
49, 149
55, 275

106, 144

107, 213

102, 618

174, 098

.112
.108
.108
.107

21, 799
30, 436
23, 808
22, 581

48, 257
55, 950
40, 916
48, 868

.105
.104
.105
.106

20, 682
18, 488
12, 732
11, 178

61, 103
54, 322
64, 866
64, 896

.115
.112
.106
.107

7,801
6,600
7,281
10, 145

41, 403
51,036
52, 596
58, 947

.104
.099
.099
.096

19, 420
31, 492
34, 857
22, 581

52, 984
48, 625
58, 522
53, 999

.098
.098
.099
.098

27, 056
28, 540
29, 547
21, 607

44, 367
53, 532
53, 686
38, 582

.103
.103

16, 621
11,421

45, 231
45, 135

1926
September
October
November
December

206, 496

1937
11,037

3,087

8,963

3,490

9,051

4,276

12, 701

9,179

202, 162

167, 232

169, 274

238, 046

9,660
8,301
10, 626
10, 826
10,951
12, 502
9,379
10, 859
12, 970
13, 202
9, 253
8,878

109, 674

206, 319

120, 147

152, 628

120, 117

117,212

113, 302

193, 544

1928

September
October
November
December
1
2

11,871

4,261
..

7, 028
6,486

223, 751

13, 023
12, 917
15, 722
15, 079

112, 199

237, 517

17,245
17, 196

""

ii

Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
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
Compiled by the Minneapolis Chamber of Commerce.
6
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.
? Compiled by the Oil, Paint, and Drug Reporter, representing stocks on the Saturday nearest to the end of the month.




85

Table 63.—TOTAL VEGETABLE OILS AND COPRA
TOTAL VEGETABLE OILS

YEAR AND
MONTH

Production i

Factory

COCONUT OR COPRA OIL

COPRA

Stocks, end of
quarter 1

Production 1 Factory consumption Stocks, end of
quarter l

Fac- Stocks,
tory
Refined
Im 3 con- end of
Im
ports sump- quar- ports 3
In
ReCrude fined Crude i
tion i ter i
oleo- Crude
Total i marga-

conExIm
sumpports 2 ports 3
tion,
crude 1 Crude Refined

Refined

rine*

Thousands of pounds
1913 monthly a v__
1914 monthly av
1915 monthly av_ _
1916 monthly av
1917 monthly av
1918 monthly av__
1919 monthly av__ 578, 478

635, 803

1920
1921
1922
1923
1924
1925
1926
1927

474, 776
504, 318
434, 658
505, 647
554, 950
660, 727
726,115
761, 247

445, 151

monthly av._
monthly av__
monthly av__
monthly av._
monthly av__
monthly av._
monthly av__
monthly av._

1926
September
October
November.
December..
1937
January
February
March
April
May
June
July
August

September
October
November.
December
1938
January
February
March
April

506, 533

24, 575
19, 547
31, 641
16, 977
11,772
10, 437
283, 591 17, 599

21, 387
26, 441
20, 636
30, 133
36, 850
65, 295
67, 495

1,265
2,503
4,512
6, 615
15, 279
17, 944
10, 788

511,121
504, 034
459, 447
519, 273
576, 568
681, 077
766, 873
797, 553

378, 498
332, 003
324, 227
308, 159
276, 696
343, 732
410, 392
470, 330

352, 768
263, 529
223, 992
197, 604
194, 496
241, 777
395, 392
450, 190

16, 863
21, 705
6,978
4,749
4,117
5,729
3,736
5,893

71, 390
28, 499
53, 298
52, 295
67, 641
55, 368
55, 815
58, 697

481, 005

341, 633

200, 694

1,165,895 1,079,030 495, 804

760, 629

801
2, 688
5,336
6,862

960, 357

974, 980

511, 200

528, 426

487, 201

661, 634

396, 479

487, 136

524, 720

550, 497

403, 776

251, 440

1,072,711 1,003,103 569, 865

533, 756

788, 184

May _
June
July
August

September
October
November _
December

844, 976

562, 084

572, 359

Thousands of pounds

Short tons

42, 153 22, 184

6,016
4,834
5,264
5, 362
13, 591
29, 674
23, 422

53, 886

69, 273 105, 564

53, 054

155, 220

34, 958

8, 966
7,888
11, 206
13, 874
12, 128
15, 170
19, 067
18, 793

25, 276
21, 525
35, 881
46, 245
37, 066
40, 177
50, 430
54, 202

10, 665
5,869
10, 705
6,615
8,224
10, 923
18, 4S2
15, 525

18, 027
15, 810
18, 943
15, 157
18, 730
19, 431
20, 428
24, 531

32, 805
28, 299
46, 381
58, 980
47, 839
51, 901
65, 178
70, 414

46, 486
30, 669
33,811
43, 095
43, 430
49, 280
57, 809
62, 800

59, 025
36, 851 « 5, 316
41, 270
4,480
6,326
52, 985
6,938
52, 725
51, 444
7,576
51, 823 8,137
59, 557 10, 133

93, 277
73, 550
115,996
72, 692
48, 846
51, 322
69, 989
97, 829

28, 664
19, 051
23, 522
25, 527
14, 895
13, 616
12, 943
14, 923

55, 095
50, 449
67, 086
47, 533

21, 288
19, 813
21, 793
20, 015

51, 446

31, 660

66, 098

60, 491 117,058

52, 257

11, 880

20, 765

67, 119

58,593 123, 073

51, 408

8,127
8,895
9,850
10, 611

67, 038

51, 981

16, 127
21,219
33, 713
25, 400

84,357

14, 821

6,967 51, 953
8,435 38, 212
6,950 48, 137
6,050 72, 305

19, 681
12, 520
14, 747
19, 107

92, 660

13, 226

8,519
5,892
3,775
1,767

74, 369
62, 498
66, 828
50, 092

20, 418
14, 162
15, 215
19, 311

2,086
5,307
6,484
8,481

55, 985
55, 387
68, 589
60, 010

21, 694
15, 660
23, 422
29, 582

9,405
8,939
0,406
4,618

59, 870
49,811
56, 179
65, 152,

26, 872
5,178
15, 200
11,334

1,996
1,652

57 049
59, 951

21 383
20, 488

55, 890

16, 755

54, 839

11, 153

50, 945

9,340

55, 132

24, 853

62, 844

9,744

31, 588
16, 153
16, 130
35, 149
26, 538
21, 273
16, 997
21, 469
25, 936
22, 702
30, 095
29, 339

32, 751
22, 271
20, 889
23 112
15, 076
12, 671

73, 525
60, 274
75, 721
90, 377
99, 943
96, 364
108, 122
133, 289

72, 567

57, 188 129, 479

58, 542

71, 032

63, 839 138, 382

55, 275

65, 607

57,003 131, 384

54, 822

72, 448

73, 169 133, 912

65, 590

95, 935

74, 535 148, 819

69, 005

9,837
9,680
11, 169
10, 279

8,734
8,144 108, 434
7,248
8,840
10, 436
12, 286
12, 373
13, 549

13, 191
14, 009
13, 381
12, 284

15, 545

90,679

15, 430

99, 544

15, 491

99, 053

12, 853

11,613
11, 791

— ir
I
1

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 4 rapeseed oils, when reported in gallons, have been converted into pounds, allowing 724 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,
1926,6 issue (No. 55), p. 25.
6 months' average, July to December, inclusive.




86

Table 64.—ANIMAL FATS AND OILS

Factory Stocks,
end of
tion quarter

YEAR AND
MONTH

LARD COMPOUNDS AND
SUBSTITUTES

GREASES

ANIMAL FATS

Production

Produc- consumption

Fac- Stocks,
Stocks,
tory
con- end of Produc- end of
tion
quarsump- quarter
ter
tion

FISH OILS

ANIMAL GLUES

FacPro- tory Stocks,
duc- con- end of
tion sump- quarter
tion

Production

EDIBLE
GELATIN

Stocks,
Pro- Stocks,
end of Ship- duc- end of
quar- ments tion quar2
ter
ter
()

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__
1927 qtly. av._

1936
January
February
March
April _ _
May
June
July
August

367, 518
410, 677
473, 266
511, 451
612, 912
613, 290
497, 864
529, 623
529, 454

144, 308
149, 275
141, 324
139, 043
140, 991
151, 862
141, 084
148, 649
164, 250

138, 071
185, 283
226, 631
175, 481
144, 576
162, 018
142, 382
176, 817
183, 867

69, 647
86, 384
85, 222
94, 430
102, 285
99, 111
89, 849
91, 384
94, 919

51, 566
49, 023
44, 325
61, 548
66, 911
61, 498
59, 960
59, 782
53, 229

67, 429
69, 741
95, 592
53, 127
57, 045
48, 097
41, 927
46, 621
50, 881

8,230
3 156, 770
196, 045
187, 631
207, 609
288, 155
285, 177
294, 540

3 9, 517
15, 671
11, 75(5
16, 182
18, 674
18, 312
25, 866

16, 507
13, 916
19, 754
21, 326
17, 271
25, 291
20, 662
18, 461

9,791
12, 046
19, 990
27, 513
29, 675
29, 067
38, 581
36, 141
42, 135

44, 609
45, 238
54, 009
47, 425
43, 228
46, 105
56, 225
67, 894
78, 754

23, 660
25, 015
24, 924
24, 272
25, 043
26, 142

52, 442
50, 370
39, 899 «6,674
34, 808 6,262

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

160, 387

180, 522

91, 545

62, 434

48, 676

242, 366

18, 127

44, 252

41, 010

86, 640

20, 364

36, 675

95, 197

54, 088

50, 198

338, 894

22, 926

23, 537

34, 702

87, 440

27, 911

35, 226

»,

September
October
November
December
1927
January
February
March
April
May
June
July
August

September
October
November
December
1928
January
February
March
April

1

499, 291

153, 549

141, 931

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

561, 429

160, 788

187, 221

96, 330

50, 492

49, 207

325, 972

30, 059

9,455

39, 552

62, 185

28, 040

36, 429

583, 333

171, 122

223, 953

102, 616

49, 581

50, 750

253, 858

23, 705

7,008

42, 836

72, 569

24, 180

36, 124

484, 996

161, 320

188, 769

91, 020

54, 606

51, 163

348, 208

22, 929

36, 869

41, 495

84, 421

23, 100

488, 056

163, 770

135, 525

89, 709

58, 237

52, 404

250, 122

26, 770

20, 512

44, 657

95, 840

28, 848

6,075
7,113
6,061
33, 616 6,100

_

718, 880

160, 155

106, 459

230, 912

[

59, 010

51, 255

306, 956

26, 350

8,939

49, 130

88, 148

30, 777

5,840
5,797
5,902
6,076

33, 063

36, 275

6,814
6,672
6,524
6,587

3,305 < 9, 891
3,541 * 10, 454
3,134
9,084
8,650
3,868
4,387
8,421

4,637

10, 104

3,894

8,882

2,401

7,191

4,541

8,421

5,344

9,265

5,055

9,277

2,497

7,297

4, 652

7,845

5,583

9,020

May.._.
June
July
August
September
October
November
December
1
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 2 quarters of the year.
<6 Stocks on Dec. 31.
Monthly average.




87

Table 65.—CROP PRODUCTION 1
[Base year in bold-faced type]
WHEAT
CORN
Winter

YEAR AND MONTH

Spring

OATS

Total

BARLEY

RYE

RICE

POTA- APPLES FLAX(total)
SEED
TOES

HAY,
TAME

TOTAL
VALUE
OF
CROPS 2

Relative to 5-year average, 1909-1913

100

1909-1913 average
1914 final estimate
1915 final estimate
1916 final estimate
1917 final estimate
1918 final estimate
1919 final estimate
1920 final estimate

_

1921 final estimate
1922 final estimate
1923 final estimate
1924 final estimate
1925 final estimate
1926 final estimate
1927 preliminary estimate.

154
151
108
93
127
171
137

100
84
144
64
91
145
85
91

100
129
149
92
92
134
140
121

100
99
110
95
113
92
104
118

100
100
135
109
139
135
104
131

1OO
105
124
99
115
139
80
102

100
119
150
135
174
252
209
168

1OO
99
122
172
146
162
177
219

100
115
101
80
124
115
90
113

100
144
130
110
95
96
81
127

100
70
72
73
47
68
37
55

100
104
128
136
124
114
130
134

100
107
121
159
236
251
270
191

135
132
128
133
90
141
124

88
115
92
111
112
83
130

118
126
116
125
98
120
126

113
107
113
85
108
99
103

94
106
114
131
130
109
105

84
99
107
98
116
100
144

171
286
175
181
129
113
162

158
174
142
137
140
176
169

101
127
116
118
90
99
112

56
115
115
97
98
140
70

41
53
87
161
115
99
136

123
143
133
145
128
129
158

122
157
175
163
154
137
148

1909-1913 average...
1914 final estimate
1915 final estimate..
1916 final estimate
1917 final estimate
1918finalestimate .
1919 final estimate
1920
1921
1922
1923
1924
1925
1926

final
final
final
final
final
final
final

estimate
estimate
estimate
estimate
estimate
estimate
estimate

1937
May 1 estimate
June 1 estimate
July 1 estimate _
August 1 estimate
September 1 estimate
October 1 estimate
November 1 estimate
December 1 estimate
1928
May 1 estimate.
June 1 estimate
July 1 estimate
August 1 estimate. ._
September estimate
O ctober estimate
November estimate
December estimate

Thous.
of tons

Thousands of bushels

YEAR AND MONTH
445, 013

_

_

_.

_.

684,
673,
480,
412,
565,
760,

990
947
553
901
099
377

610, 597
600, 316
586, 878
571, 777
592, 259
401, 734
627, 433

593, 940
537, 001
579, 416
552, 767
552, 767
552, 767
552, 767
552, 384

486, 478
512, 252
543, 782

Millions
of dollars

245, 095 690, 108
206, 027 891, 017
351, 854 1, 025, 801
155, 765 636, 318
223, 754
636, 655
356, 339 921, 438
207, 602 967, 979

2, 712, 364
2, 672, 804
2, 994, 793
2, 566, 927
3, 065, 233
2, 502, 665
2, 811, 302

1, 143, 407
1, 141, 060
1, 549, 030
1, 251, 837
1, 592, 740
1, 538, 124
1, 184, 030

184, 812
194, 953
228, 851
182, 309
211, 759
256, 225
147, 608

36, 093
42, 779
54, 050
48, 862
62, 933
91, 041
75, 483

23, 770
23, 649
28, 947
40, 861
34, 739
38, 606
41, 985

357, 699
409, 921
359, 721
286, 953
442, 108
411, 860
322, 867

176, 340
253, 200
230, Oil
193, 905
166, 749
169, 625
142, 086

19, 543
13, 749
14, 030
14, 296
9,164
13, 369
7,178

67, 097
70, 071
85, 920
91, 192
83, 308
76, 660
86, 997

5,702
6,112
6,907
9,054
13, 479
14, 331
15, 423

833, 027
814, 905
867, 598
797, 394
864, 428
676, 429
831, 040

3, 208, 584
3, 068, 569
2, 906, 020
3, 053, 557
2, 309, 414
2, 916, 961
2, 692, 217

1, 496, 281
1, 078, 341
1, 215, 803
1, 305, 883
1, 502, 529
1. 487, 550
1, 246, 848

189, 332
154, 946
182, 068
197, 691
181, 575
213, 863
184, 905

60, 490
61, 675
103, 362
63, 077
65, 466
46, 456
40, 795

52, 066
37, 612
41, 405
33, 717
32, 498
33, 309
41, 730

403, 296
361, 659
453, 396
416, 105
421, 585
323, 465
354, 328

223, 677
99, 002
202, 702
202, 842
171, 725
172, 389
246, 524

10, 752
8,029
10, 375
17, 060
31, 547
22, 424
19, 335

89, 785
82, 458
95, 748
89, 250
97, 622
85, 717
86, 497

10, 909
6,934
8,945
9,953
9,291
8,790
7,793

730
736
406
703
703
577

47, 861
48, 635
61, 820
61, 484
61, 484
61, 484
61, 484
58, 572

39, 864
39, 336
39, 188
37, 895
39, 299
40, 231

392, 943
410, 714
399, 798
394, 757
400, 305
402, 149

136, 701
127, 507
123, 574
123, 115
119, 333
123, 455

21, 588
23, 308
23, 935
24, 270
24, 321
26, 583

101, 035
102, 078
101, 269
103, 773
103, 773
106, 219

8,429

303, 110

39, 439
36, 676
.39, 274

35, 445

443, 640

178, 185

21,461

84,383

222, 430
214, 589
280, 720
225, 617
272, 169
274, 695
203, 607

274, 218
298, 378
308, 125
313, 771
313, 771
319, 307

256, 155

853, 634
851, 145
860, 892
866, 538
866, 538
871, 691

799, 937

2, 274, 424
2, 385, 226
2, 456, 561
2, 603, 437
2, 753, 249
2, 786, 228

2, 735, 617

1, 349, 026
1, 278, 741
1, 191, 396
1, 205, 639
1, 205, 639
1, 195, 006

1, 320, 097

242,
248,
259,
264,
264,
265,

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 preliminary estimates made in December of each year are subject
to revision in the final estimate made in December of the following year.
J
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.




Table 66.—WHEAT FLOUR
1GRINDINGS OF
WHEAT
!

CONSUMPTION

PRODUCTION

STOCKS
(end of month)

Computed 4

All positions
(computed)

United States
YEAH AND
MONTH

United
htates 2

Can- !
adas Actual 2 Prorated ^
(Census)

Thous. of bushels
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly

mills 2
(qtly.)

8,156

9,433

9, 146
10, 102
10, 466
10, 480
11,047
10, 417
10. 603
10, 318

8, 943
7,148

1,421
1,559
1, 061
1,547
1, 580
1, 475

6,966

3, 965
3, 891
4,100

12, 681
13, 029
11,315
10. 537

8, 500

4,217

8.700
8,000
6,700

4,336

844, 774
834, 908
750, 008
695, 130

67
63
59
53

10, 921
11,444
10, 668
10, 629

9,676
8, 996
10, 396
9,667

1,496
1,231
1,455
1,154

676, 292
624, 025
700, 540
659, 198

53
53
50
49

7,867
8,572
10, 074
8,551

7,500
7,059

9,532
9, 261
9, 256
10, 458

1,455
1,314
1,019
1,158

672, 824
675, 003
668, 232
761, 468

52
49
51
54

8,733
8,450
7,918
8,906

6,300
6,250
6,800
7,300

11, 816
12, 540
11,337
10, 877

1,528
2,005
2,120
1,767

833, 108
866, 428
782, 841
745, 242

64
63
59
53

9,346
11,617
11,111
10, 451

8,490
7,900
6,800

4,267

6,100

4,540

10, 502
10, 107
10, 738
9, 661

1,579
1, 464
1, 617
1, 314

744, 527
727, 287
790, 088
686, 720

55
56
54
51

8,207
9,340
10, 499
8,064

7,150

8,872
9,659
8,400

6,970
6,200
6,700

8,493

9,960

1,541

697, 012

50

9,515

6,300

10, 843
10, 678
9,618

1927
January
February...
March
April

39, 354
36, 569
40, 835
38, 028

6,819
5,615
6,643
5,281

8,624

38, 924
39, 085
38, 547
44, 099

6, 658
6,000
4, 662
5,276

8,497
8,528
8,388

September
October
November
December

48, 131
49, 792
44, 882
42, 604

6,925
9,138
9,656
8,115

10, 470

1928
January __
February
March..
April

42, 403
41, 140
44, 748
38, 986

7,246
6, 737
7,481
6,058

9,132

39, 401

7,138

8,943
8, 646
8, 956
9, 097

8,909

8, 023
8, 936

8,309

9,617

10,817
9,735
9,035

8

United CanStates * ada e

Standard
Winter
pat- straights
ents Kansas
Minne- City
apolis

7,220
7,701
7, 344

7,046
7, 197

6, 500

Dollars per barrel
1,023
1,064
1,305
1, 198
1, 160
1,809
2,204

1, 634
2,231
2,089
1,715

7, 323
10, 029
9, 495
7,777

8 9, 288

WHOLESALE
PRICES i

Thousands of barrels

856
54
52
54
54

49, 317
48, 727
43, 922
40, 624

September.
October
November
December

Per cent

by

762, 163
734, 824
702, 318
723, 384
722, 204

1926
September
October
November
December

May _
June
July.
August

Thous. of
Ibs.

Held

8,237
8,569
9,291
9,223
9,719
9,492
9, 626
9,300

6,386
6, 886
7,418
6,940
7,110
6,732

_ „

Capacity 2

9, 703
9, 338
9,919
9, 815
9.317
11,091

8 42, 872
41, 277
39, 836
41, 191
41, 761

May
June
July
August _

Grain
offal 2

(Russell)

Thousands of barrels

av
av
av
av
av
av
av

1920 monthly av
1921 monthly av
1922 monthly av_.
1923 monthly av_.
1924 monthly av__
1925 monthly av__
1926 monthly av._
1927 monthly av._

Canada '

EXPORTS

9

4,127

6,600
3,566

4,189

408
389
464
660
731
839
839

$4.58
5.10
6.66
7.26
11.39
(7)
12.00

$3.85

1, 654
1,400
1,252
1,359
1,333
927
994
1,068

394
606
790
928
956
860
871
772

12.68
8.34
7.30
6.38
7.18
8.83
8.44
7.43

11.58
7.05
6. 14
5.36
5.98
7.67
7.24
6.69

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
788
1,052

804
847
449
514

7.83
7.91
7.81
7.60

6.96
7.06
6.92
6.77

1,281
1,513
1,326
1,126

677
899
1,149
957

7.07
7.23
7.15
7.10

6.64
6.54
6.58
6.56

1,245
947
1,011
1,097

766
768
1,142
609

7.45
7.37
7.54
8.11

6. 70
6.66
6.88
7. 56

845
686

886

8.49
795

7.63
7.18

4.13
5.61
6.09
10. 55
10.30
10.70

__
._

1 Wholesale prices from U. S. Department of Labor, Bureau of Labor Statistics, represent averages of weekly quotations. Monthly figures from 1920 appeared in May,
1922, issue (No. 9), p. 91.
2
Compiled by V. >'. Department of Commerce, Bureau r,f the Census, from reports of over 1,000 mills each month, which produced about 88 per cent of the flour manufactured in 1923, and over 91 per cent in 1925, according to the census of manufactures. This increase has been due partly to the addition from time to time of other firms
to the reporting list. 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
19224 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. 14), p. 47.
« Exports of flour from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
6
Exports of flour from Canada from Department of Trade and Commerce, Dominion Bureau of Statistics.
7
No quotations.
8
Average for last 6 months of year.
9
Average for 2 periods only, June and December.




89

Table 67.—WHEAT AND CORN
CORN

WHEAT

YEAR
AND

MONTH

2
Canada 1
ReShipHeld Visible supply ceipts 3 ments 3 United States «
by
mills
IncludIncluding
Wheat
ing
Wheat
(quar- United
only wheat
only wheat
terly) 6 States Canada
flour
flour

No. 1
Northern
spring,
Minneapolis

Thousands of bushels

1913 m.ai.
1914 m a
1915 m a
1916 m a
1917 m.a._

56, 720
54, 474
35, 350
63, 966
28, 234

32, 665
32, 604
32, 173
61, 055
47, 831

18, 861
21, 619

1918m. a. .
1919 m a
1920 m a
1921 m.a
1922 m.a...

50, 191
75, 610
39, 837

32, 517
31, 493
27, 038
36, 369
35, 009

16, 353

9,265

19,919

34, 546

25, 871
32, 750
24, 583
36, 516
56, 510

12, 341
18, 191
23, 338
13, 724

1923 m.a.
1924 m.a..
1925 m.a_. 8 67, 712
1926 m.a.. 85, 415
1927 m.a.. 92, 432

54, 525
70, 407
51, 241
49, 875
61, 098

63, 701
70, 359
63, 749
77, 741
80, 399

32, 363
40, 878
29, 993
32, 519
40, 105

18, 038
29, 891
21, 266
19, 388
26, 208

1926
Sept
124, 773
Oct
Nov
Dec
.. _ 116, 413

81, 780
77, 714
78, 412
68, 125

44, 754
83, 719

48, 731
37, 137
29, 754
22, 405

24, 625
24, 427
23, 422
17, 376

23, 700
17, 589
14, 280

1937
Jan
Feb
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

30, 002
23, 544
36, 104
67, 273

64, 600
49, 247
44, 237
28, 264

19, 258
20, 665
58, 800
81, 632

25, 489
46, 583

84, 630
94, 607
96, 468
90, 506

22, 958
62, 492
121, 009
147, 506

79, 740
73, 244
44, 823
26, 522

50, 374
49, 252
35, 156
19, 440

82, 368
74, 260
69, 939
63, 625

152,
152,
143,
129,

560
760
919
552

23, 542
22, 488
26, 263
17, 949

50, 381
40, 480

112, 054
99, 228

25, 922
15, 544

May
June
July
Aug
Sept
Oct_
Nov
Dec .

1938
Jan
Feb
Mar
Apr

34,316

85, 772

52, 590

115,728

115, 637

85, 385

May
June
July
Aug

119,790
117, 796

8,292

14, 198

12, 897
19, 277
23, 034
18, 230
14, 072

8,378

10, 214
12, 291
8,081

13, 145
15, 804

16,115
19, 094

2.325

17, 405
22, 259
25, 636
29, 638
19, 359

12, 533

16, 309

3,484
6,498

7,260

2.191
2. 560

8,211
13, 859

14, 327
19, 855

7,700

11,380

11, 504
14, 014

8,850

Visible
No. 2 supply, Re- 3 Ship-3 Grind- Corn, Cash,
coninred end of 2 ceipts ments ings *
tract,
clud- grades
win- month
ing
ter,
corn No. 2,
ChiChimeal cago
cago

10, 540

5,993

$0.99
1.01
1.31
1.35
2.28

11,117
11,486
16, 210
12, 824
6,111

21, 158
17, 447

10, 233
13, 525

20, 686
25, 260

24, 774
14, 995
17, 985
28, 409
32, 814

2.558

11,374

8,271
13, 503
14, 929

1.466
1.345

2.21
2.34
2.52
1.44
1.24

15, 958
18, 819

17, 923
21, 406
18, 529
20, 843
21, 255

22, 099
25, 708
22, 398
24, 765
24, 728

1.181
1.289
1.607
1.549
1.368

1.17
1.28
1.77
1.55
1.38

11, 660
12, 868
16, 981
30, 041
33, 074

22, 642
23, 179
18, 887
19, 831
20, 618

14, 211
14, 033
11, 261
10, 149

10,575
30, 573
43, 947
44, 879

1.415
13, 330
34, 905 | 1. 433
49, 624 ! 1. 401
1.422
48, 861

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

9,536

30, 719
23, 542
20, 276
15, 060

8,078
4,889
5,084

12,619
8,822
9,009
15, 935

1.413
1.403
1.359
1. 341

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

11, 363

16, 054
14, 788
21, 026
22, 050

17, 556

8,960

13, 903

16,675

7, 459

8,397

11,342
11,942
28, 150

12, 197

1.444
1.456
1.440
1.427

1.44
1.45
1.43
1.40

31, 528
36, 239
31, 900
23, 805

12, 599
26, 241
15, 125
16, 758

10, 142
13, 282
12, 090

23, 418

32, 316
19, 673
8, 641
14, 510

33, 775
29, 236
20, 731
6,917

39, 536
36, 045
26, 736
11, 972

14, 071
19, 430
52, 805
44, 809

17, 118
23, 475
57, 976
49, 114

1. 323
1. 275
1.264
1.275

1.32
1.34
1.35
1.38

25, 110
21, 847
20, 439
28, 390

22, 116
18, 448
16, 971
37, 088

12, 257

14, 284
12, 771
14, 883
14, 269

5,956
2,276
2,740
2,723

11,560
6,536
7,290
7,660

15, 201
18, 372
18, 655
8,361

18, 647
21, 828
23, 794
11, 103

1.293
1.263
1.315
1.417

1.43
1.54
1.62
1.81

30, 078
43, 582
46, 734
36, 056

27, 912
14, 840

4,823
5,006

8,624
8,093

30, 282
21, 960

34, 268
25, 182

1.502
1,376

1.90
1.65

27, 554
17, 451

23, 252
24, 318
23, 107

10, 776

12, 571

11,422
16, 395
20, 182
28, 698
15, 863

6,620

1

Dolls,
per bu.

Thousands of bushels

Dolls, per bu.
$0. 874
1.003
1.306
1.411

14, 432
17, 161
12, 838

Ex- Wholesale
ports 5 prices *

Wholesale
prices 1

Exports

Stocks (end of month)

10, 266
4,101

6,254

8,845
9,653
18, 949
21, 552

11,424

12, 563

8,652

4,195
3,817
4,664
5,276
4,952

3,910
1,418
4,185

6,142
5,411
5,055
4,875
5, 566

3,922

4,603
4,751

1,334
1,769

11,015
13, 844

5,513
6,279
5,855
6,341
7,130

3,724

6,311
7,057
5, 924
5,100

1,052
1,494

1,681
1,122
2,102
1,248

2,208
2,030

$0.63
.70
.73
.83
1.64

1.61
1.60
1.41
.58
.62
.82
.97
1.04
.76
.88

.80
.78
.71
.76

6,618
6,510
7,336
6,846

2,017
2,180
1,548

.77
.76
.73
.74

6,365
7, 299
6,727
7,309

1,717
1,124
733
459

.87
1.00
1.02
1.09

10, 256
16, 064

7,561
8,612
8,064
6,301

571
538
860
1,206

.99
.88
.87
.87

36, 001
44, 126
41, 039
19, 579

19, 551
22, 705
24, 402
18, 849

8,330
8,339
9,243
8,285

1, 661

4,097
3,697
3, 355

.89
.95
.99
1.03

23, 708
18, 771

23, 454
20, 221

6,921
6,427

1,186
1,045

1.07
1.03

8,500
10,111
12, 326

11,762
9,665

2,023

Sept
Oct
Nov
Dec
1
2
3
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.
Data from Bradstreet's representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc.
At principal primary markets, as compiled by the Chicago Board of Trade and reported by the Price Current Grain Reporter.
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.
s 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. Detai s by class of elevator are given in press releases.
7 Exports from Canada from Canadian Department of Trade and Commerce, Dominion Bureau of Statistics,
8 Average of 2 quarters, June and December.




90

Table 68.—OTHER GRAINS
RYE

BARLEY

Receipts
at
principal
interior
markets i

YEAR AND
MONTH

Visible
supply,
end of
month 2

Wholesale
ReExports, prices, ceipts,
at
includ- by saming ple, fair principal
malt to good
as
malt- interior
grains 3 Ing,
marChikets i
cago *

Thousands of bushels

Per
bushel

Per
bushel

Thousands of bushels

i

Thous.
of bus.

Thous.
oflbs.

Thous.
of bus.

13, 018

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

446
2,927
8,725
8,464
8,266
9,586
4,643

$0.38
.42
.50
.46
.64
.78
.70

18, 473
25, 820
39, 459
34, 658
30, 113
34, 071
35, 616

3,712
2,573
5,353
3, 683
5,414
2,489
1,717
3,479

7,323
2,785
5,516
14. 017
16, 288
10, 340
10, 493
5,304

4,938
2,512
3, 967
2, 668
3, 082
2,408
1, 003
3,014

1.87
1.21
.89
.75
.92
1.13
.96
1.05

17, 801
17, 880
19, 063
19, 974
22, 046
19, 512
13, 514
12, 399

17, 610
50, 863
49, 317
19, 637
30, 675
58, 742
48, 603
27, 852

1,084
284
2,519
295
343
2,478
987
848

.80
.39
.40
.44
.51
.47
.43
.50

821
821
1,053
855
893
854

9,610
10, 322
15, 362
11, 098
11, 716
10, 114

35, 234
46, 264
41, 603
22, 254
26, 983
20, 162
21, 430
27, 325

.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

883
198
370
443

.43
.47
.45
.50

1,099
1,036
1,215
927

14, 893
14, 068
15, 026
11, 329

37, 671
26, 515
24, 459
19, 660

1,187
1,389
2,295
1,364

.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

414
173
228
853

.50
.48
.49
.48

791
693
734
632

8,890
7,711
8,603
6,661

17, 040
12, 999
14, 499
24, 200

947
1,143
891
3,532

1,591
1,474
2,528
4,256

.90
.92
.79
.80

3,272
1, 358
1,444
4,293

2,213
947
1,376
3,083

5,861
3,601
339
1,325

1.13
1.15
1.10
.97

11, 888
9,701
8,125
21, 413

22, 350
18, 110
12, 270
22, 501

3,216
1,472
534
1,398

.51
.50
.48
.48

694
659
805
791

8,148
8,513
9,749
9,785

26,288 j
19, 014
16, 076
35, 589

15, 547
10, 908
7,654
4,199

4,900
4,398
4,338
2,707

6,830
7,240
6,752
3,649

.83
.82
.84
.88

10, 512
7,496
4,619
2,386

2,207
1,595
2,412
3,275

7,743
6,425
2,889
1,309

.97
1.00
1.06
1.09

17, 223
13, 914
11, 961
10, 733

26, 430
25, 182
24, 429
22, 982

647
569
286
389

.49
.50
.51
.55

1,107
1,027
1,110
1,202

13, 357
11, 650
13, 565
14, 734

55, 327
50, 817
37, 523
18, 526

6,401
4,457
5,052
2,717

2,359
2,206
2,738
2,339

1,901
1,004
915
876

.93
.96
.99
1.01

1,477
1,330
1,982
1,186

3,656
4,078
4,959
5,051

519
458
313
366

1.09
1.12
1.20
1.27

10, 495
11, 667
13, 975
12, 436

21,519
20, 634
16, 265
11, 453

623
336
453
387

.56
.58
.61
.65

1,040
822
944
846

12, 461
9,360
10, 982
10, 208

12, 264
12, 431
12, 659
12, 644

3,031

1,435
711

1,386
1,910

1.04
.96

1,593

1,696

3,345
1,297

1.32
1.26

14, 406
7,144

7,319
3,392

465
78

.69
»71

887

11, 520

15, 006
12, 424

$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

3,815
3,321
3,367
3,904
5,207
5, 517
3, 498
5,459

3,438
2,913
2,008
2,352
2,498
3,997
4,648
2,939

1,807
2,815
1,914
1,240
2,022
2,774
1,381
3,380

1.26
.64
.63
.66
.82
.85
.70
.83

1926
September
October ._ - _ _
November
December .

6, 953
4,445
3,668
3,027

5,008
4,823
4,902
4,492

2,887
1,144
1, 442
1,515

1927
Janiiarv
February
March
April

2,663
2,347
2,254
2,210

4,180
3,790
3,002
1,619

2,167
2,579
1, 871
11, 108

September
October
November
December

1938
Januarv
February
March
April

av
av
av
av
av
av
av
av

May
June
July
August

bushel

Exports,
including
flour
and
meal as
grains 3

$0.64
. 77
1.09
1.11
1.87
1.94
1.53

1,065
1,518
2,377
2,041
1,800
1,799
4,005

May June
July
August

Visible
supply,
end of 6
month

Wholesale
Producprices,
tion,
cash,
Grind- oatmeal
Chi-4
and
ings
cago
rolled
oats

155
680
1,138
1,320
1,224
1,359
3,375

5,021
5,241
4,071
5,040
4,818
4,483
8,708

mo. av
mo. av
mo. av
mo. av
mo av
mo av
mo. av

1920 mo
1921 mo.
1922 mo.
1923 mo.
]924 mo.
1925 mo.
1926 rno.
1927 mo.

Canada 5

ExExports, Whole- Receipts
ports,
sale
at
Visible includinclud- prices,
prining
supply, ing oatNo. 2
cipal
end of
fiour
cash,
interior1 month 2 meal
as
as
grains 3 Chi- 4 markets
grain 3
cago

Thousands of bushels

9,058
7,435
8,385
9,438
6,907
6,118
7,746

1913
1914
1915
1916
1917
1918
1919

TOTAL
GRAINS

OATS

- -

. -.

September
October
November
December
1

""1

j

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.
2
Data from Bradstreefs, 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. Malt is
converted at nine-tenths of a bushel to a bushel of barley, 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. Barley flour is included in exports of barley only in 1918 through 1920.
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 separating oatmeal and rolled oats appeared in May, 1925, issue (No. 45), p. 27.
e 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.




91

Table 69.—RICE, FRUITS, VEGETABLES, AND HAY
RICEI
Southern
paddy

Paddy at
California
warehouses
YEAR AND
MONTH

Shipments

Stocks,

end of

month

Receipts
at mills

Total
from
mills

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

468, 036
640, 627
591, 159
633, 910
609, 477

479,
652,
642,
699,
611,

1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av.. * 337, 223
1924 mo. av_. 188, 668
1925 mo. av_. 66, 022
1926 mo. av_. 211,855
1927 mo. av__ 237, 667

639,
796,
837,
659,
707,
494,
630,
767,

«1, 172,
386,
254,
579,
977,

184
862
002
429
250

end of

3 994,
896,
560,
842,
1, 005,

249
093
607
525
070

HAY

month
Cold-

Domes- Imports Exports

New

Orleans

StOF.

tic at

hold
ings 2
end
mo.
Thous.
of bbls.

mills

and

dealers
Pockets of 100 pounds

Barrels or sacks of 162 pounds

610
277
657
645
425
586
670
403

Stocks,

Shipments
Total
movement
to mills

i
CIT- WHITE ONRUS POTA- IONS
FRUIT TOES

APPLES

349
912
918
754
661

169, 718
203, 340
196, 238
258, 484
275, 513
278, 785
254, 825

757,
1, 021,
872,
682,
811,

554, 723
957, 589
797, 973
687, 198
691, 376
536, 989
635, 703
802, 847

222, 175
318, 147
275, 358
223, 472
156, 446
133, 944
160, 417
175, 126

Car-lot shipments a

Receipts
(3)

Number of carloads

Tons

281
642
667
788
658

191,510
193, 597
212, 140
179, 760
222, 059
446, 741
136, 090

26, 633
45, 687
57, 431
109, 150
172, 990
139, 944
314, 063

1,800
1,752
1,865
1,940

6,950
4,754
5,737
6,796

1, 287, 057
1, 291, 023
1, 253, 992
1, 343, 655
1, 142, 799
896, 837
1, 574, 641
1, 746, 027

109, 706
63, 532
52, 946
40, 105
31, 728
56, 272
97,415
43, 506

327, 177
500, 049
342, 952
290, 699
128, 758
54, 583
97, 910
266, 461

2,383
2,344
2,570
3,391
3,484
3,320
3, 867
3,289

3,417
5,398

11,397
12, 055
14, 105
15, 005

1,304
1,596
1,835
1,740

124, 870
120, 675

8,580
8,042
7,734
10, 268
9,009
9, 202
10, 380
8,209

5,975
7, 500
5,882
8, 261
8,562
7,299
8, 095
8,833

14, 627
18, 206
19, 930
18, 956
20, 178
19, 585
18, 895
20, 513

2,163
1,932
2,163
2,132
2,502
2,453
2, 685
2, 697

119, 102
69, 948
76, 873
76, 493
80, 006
72, 343
66, 371
58, 001

1

1926
September..
October
November. _
December...

300, 000
450, 000
300, 000
200, 000

(5)
(5)
(5)
2, 592, 000

1, 147, 507
1, 681, 130
1, 252, 887
1, 025, 131

1, 447, 507
717, 070
2, 131, 130 1, 034, 736
1, 552, 887 1, 077, 146
1, 225, 131
895, 206

132,
259,
307,
209,

1927
January
February
March.
April

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

1, 142, 939 1, 120, 252
1, 043, 369
877, 798
996, 153
734, 405
569, 194
706, 901

May
June
July
August

325, 000
385, 000
152, 000
None.

837, 000
452, 000

396, 006
429, 614
147, 176
792, 345

(»)
(•)

September..
75, 000
200, 000
October
November. _ 125, 000
December... 150, 000

0)
3, 640, 000

1928
January
February
March
April

275, 000
325, 000
475, 000
300, 000

3, 365, 000
3, 040, 000
2, 565, 000
2, 265, 000

853,
804,
942,
620,

400, 000
220, 000

1, 865, 000
1, 645, 000

351, 607
129, 752

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

(fi)
(5)

1, 167, 281
1, 719, 740
1, 266, 278
831, 033

581
645
266
032

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, 486
9,356

19, 272
41, 745
22, 200
8,090

3,614
4,521
9,855
12, 581

21, 846
34, 920
18, 510
13, 252

3,640
5,235
2,850
2,491

58, 240
70, 100
69, 539
68, 273

249, 175
177, 220
199, 258
130, 146

2, 095,
1, 957,
1, 867,
1, 696,

911
608
788
891

56,818
70, 562
60, 538
99, 637

266, 945
508, 895
442, 528
455, 159

7,335
5,114
3,141
1,598

7,827
7,883
5, 276
3,630

11,725
10, 855
12, 946
12, 911

17, 408
17,314
21, 005
19, 497

2,797
2,018
1,738
2,968

78, 088
56, 938
63, 971
52, 716

427
295
794
559

119, 681
119, 932
96, 074
109, 951

1, 400,
1, 181,
987,
1, 235,

980
230
310
674

46, 034
16, 095
26, 248
19, 503

256,
219,
74,
112,

534
None.
None.
33

2,465
1,202
1,731
3,352

10, 643
7,559
5,781
4,492

16, 407
21, 785
20, 709
17, 418

2,455
830
1,864
2,313

50, 563
53, 435
48, 005
51, 652

1, 242, 281
849, 908
1, 919, 740 1, 200, 174
1, 391, 278 1, 162, 603
991, 033 1, 006, 759

193, 155
239, 453
232, 725
234, 740

1, 581, 097
2, 247, 038
2, 409, 940
2, 290, 857

27, 217
21,888
22, 808
54, 723

132, 903
203, 350
159, 871
267, 294

1,038 11, 039
5,992 31,612
7,831 16, 607
6,845 5,881

3,853
5,618
7,487
12, 123

23,674
37, 410
20, 318
13, 206

4,473
5,754
2,924
2,234

64, 440
69, 233
55, 161
51, 806

1, 128, 581 1, 118, 120
961, 109
1, 129, 645
1, 417, 266
905, 678
920, 032
833, 992

158, 323
224, 932
170, 442
205, 148

2, 106, 310
2, 038, 415
2, 137, 656
1, 957, 878

52, 744
58, 820
39, 279
34, 447

469, 435
322, 071
288, 771
392, 919

5,307
3,699
2,454
1,378

5,305
4,913
3,569
2,322

9,057
8,735
10, 194
8,893

19, 665
22, 258
23, 582
16,851

3,114
2,470
1,743
2,993

63,009
62, 673
57, 567
46, 628

909, 718
531, 073

203, 261
37, 360

1,455,366
1, 067, 092

27, 452
14,815

380, 725
291, 287

599
None.

1,803
1,040

8,350
5,134

22, 955
29, 152

4,133
1,200

42, 955
43, 622

721, 006
814, 614
299, 176
792, 345

751, 607
349, 752

700,
643,
345,
423,

495
205
692
306

598
649
519
232

" II
1

i Southern receipts, shipments, and stocks at mills from Rice Millers' Association, comprising movement of the whole rice crop except California rice. Data on paddy
at all California warehouses from Rice 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
nomics. Citrus fruit shipments consists of oranges, lemons, and grapefruit.
3
Receipts of hay at 11 principal markets, compiled by prorating weekly reports to the Hey Trade Journal.
4
Average for 10 months, March through December.
a
Stocks on hand are negligible, as the crop is not warehoused until the month of December.




92

Table 70.—LIVESTOCK MOVEMENT1
CATTLE AND CALVES

Shipments
YEAR AND
MONTH

Total
receipts Stock-

er and Total
feeder

SHEEP AND LAMBS

HOGS

Price,
Shipments
steers,
good to
Local choice, Total
slaugh- corn receipts Stockter

er and
feeder

fed,
Chi-

cago 2
Dolls, p.

Thousands of animals

100 Ibs.

1913 mo. av
1914 mo. av
1915 mo. av
1916 mo av
1917 mo. a v _ _
1918 mo. av__
1919 mo. av._

1,922
2,108
2,052

321
400
418
440

789
859
896

1,106
1, 239
1,136

$8.51
7.04
8.70
9 58
12.81
16.42
17.50

1920 mo. av__
1921 mo. av_..
1922 mo. av__
1923 mo. a v _ _
1924 mo. av__
1925 mo. av__
1926 mo. av__
1927 mo.av__

1,950
1,649
1,935
1,934
1, 975
2,006
1,989
1,897

342
292
405
379
331
319
309
301

819
717
889
838
808
786
784
764

1,016
923
1,036
1,086
1,154
1,205
1,196
1, 122

1936
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

1927
January
February
March
April

Total

Price 2

Shipments

Local Price,
Local
Total
slaugh- heavy, receipts Stockslaugh- Ewes,
ter
Chi- 2
Lambs,
eraiid Total ter
Chicago
feeder
cago Chicago
Dolls, p.

Thousands of animals

100 Ibs.

Dollars per 100
pounds

Thousands of animals

$8.37

$4.69

8.36
7. 13
9 62
15.71
17.60
18.24

1,685
1,874
2,271

371
434
580

917
1,017
1,215

762
855
1,053

5.04
5.93
7.17
10.33
11.29
9.35

14.19
8.45
9.39
7.70
8.48
12. 22
12.35
10.12

1,961
2,014
1,864
1,835
1,850
1,842
1,989
1,995

432
258
347
373
390
361
385
408

1,047
944
973
977
983
976
1,038
1,040

915
1,071
889
856
867
867
949
955

8.74
3.41
5.81
6.09
6.91
7.21
6.59
6.12

15.90
9.99
13.22
13.46
14.29
15.22
13.73
13.79

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

1,717
1,913
1,739

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

2,124
988
780

1,147
999
932
934

5.77
5.81
5.77
5.64

13.78
13.28
12.70
12.04

$7.79
8.12 ;
9.23
10. 02 \
16. 09
17.33 |
16.13

3,170
3, 739
3,706

64
81
75

1,048
1,198
1,197

2,120

14.49
8.76
9.46
9.96
9.68
10.65
9.51
12.73

3, 510

61
42
49
68
41
44
76
77

1,275
1,226
1,278
1, 595
1,684
1,356
1,264
1,254

2,230

1,144
1,013
1,221
1, 113

9.38
9.69
9.69
9.13

4,304

65
58
56
54

1,581
1, 345
1,428
1,264

2,721
2,144
1,871

11.63
12.05
11.49
11.74

668
658
659
776

1,194
1,217
1,168
1,171

9.06
9.59
9.42
8.98

3,037

68
72
49
51

1,164
1, 048
989
1,084

1,872
2, 087
1,873
1,710

13.29
13.96
12.98
11.85

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

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

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

4,252
3,308
3,754

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
1,501
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

May.
June
July
August

1,956
1,732
1,547
2,065

235
170
138
269

732
624
562
802

1,201
1,112
971
1,231

11.44
11.83
12.30
12.58

3,613

1,216
1,259
1,110
1,192

2,380
2,522

9.45
8.69
8.98
9.19

2,013
1,816
1,676

3,041

72
61
38
38

259
257
216
390

1,064
849
760
1,054

951
963
920
1,137

5.90
5.16
5.31
5.58

14.85
13.25
14.22
13.58

September _._
October
November...
December

1,988

2,635
2,346

906
1,259
1,156
729

1,085
1,291
1,240
980

13.31
14.33
15.94
15.50

2,565
3,039
3,666
4,209

48
78
113
95

1,051
1,137
1,284
1,485

1,512
1,883

2,382
2,745

10.85
11.06
9.47
8.58

2,848
3,587

1,691

407
675
615
319

1,896
1,609

947
1,560
497
174

1,734
2,413
988
723

1,101
1,148
950
896

5.19
5.25
5.47
5.63

13. 56
13. 87
13.58
13.01

1,771
1,516
1,465
1,684

234
194
173
254

660
552
522
640

1,080
961
940
1,013

15.80
14.78
13.72
13.34

5,306
5,267
4,639
3,483

77
75
78
65

1,849
1,810
1,760
1,385

3,443
3,457
2,892
2,077

8.32
8.03
7.83
9.09

1,705
1,669
1,520
1,591

116
101
95
134

705
729
705
778

994
945
814
814

6.05
8.16
8.41
8.90

12.65
15.13
15.38
15.98

1,799
1, 558

283
184

682
594

1,120
963

13.18
13.56

3,723
3,548

66
56

1,296
1,299

2,420
2,269

9.61
10.12

1,952
1,913

205
278

994
904

951
1,020

7.31
5.88

15. 19
13.03

1928
Januarv
February
March
April
May
June
July
August
September
October
November
December

3,425
3,672
4,611
4,618
3, 661
3,314
3,451

3, 372
3, 579
3,135

3, 143
2, 854

2,804

3,554
3,910

3,142

3,775
3,046

2,537
2,501

2,195

2,395
3,014

2,932
2, 305

2,048
2,195

2,035

1,939
1,846

2,277

2,209

2,098

i

1
These figures, except prices, represent the movement at between 60 and 70 markets; data procured from the U. S. Department of Agriculture, Bureau of Agricultural
Economics. Monthly data from 1920 appeared in November, 1922, issue (No. 15), p. 115. Data on total animals slaughtered are given in Table 36.
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.




93

Table 71.—PORK PRODUCTS
PRODUCTION i
(inspected slaughter)

YEAR AND MONTH
Total pork
products

Total

Lard

Lard

APPARENT
CONSUMPTION*

COLD-STORAGE HOLDINGS s
(end of month)

EXPORTS '

Other
products

Total

WHOLESALE
PRICES *

Lard,
Fresh and Total pork Smoked prime
hams,
cured
products Chicago contract,
NewYork

Lard

Thousand of pounds
1913 monthly average
1914 monthly average. _.
1915 monthly average. ._
1916 monthly average. _.
1917 monthly average. ._
1918 monthly average
1919 monthly average

539, 452
560, 212
618, 276
765, 178
734, 963
610, 226
606, 044
644, 230

431, 847
343, 486
378, 420
383, 581

$0. 166
.167
.153
.185
.252
.318
.343

$0. 110
.104
.094
.135
.219
.261
.290

778, 432
642, 209
561, 021
760, 042
737, 726
645, 460
551, 637
669, 029

417, 203
435, 295
481, 376
588, 051
600, 103
524, 712
512, 824
558, 787

.334
.268
.265
.212
.202
.271
.307
.246

.200
.111
.115
.123
.133
.168
.150
.129

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

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, 129
539, 757
473, 266

.269
.273
.270
.268

.129
.128
.130
.128

27, 460
31, 399
29, 305
22, 142

899, 826
991, 593
1, 020, 407
933, 436

111, 976
147, 318
179, 136
167, 018

787, 850
844, 275
841, 271
766, 418

560, 558
589, 156
548, 008
595, 110

.259
.246
.243
.235

.129
.131
.132
.128

59, 736
50, 355
49, 636
62, 855

30, 093
21, 897
18, 127
25, 100

726, 941
539, 240
465, 976
578, 280

118, 174
72, 121
46, 154
54, 855

608, 767
467, 119
419, 822
523, 425

576, 349
615, 065
603, 579
594, 140

.224
.233
.220
.214

.133
.130
.125
.120

98, 794
109, 280
116, 937
86, 159

70, 660
79, 872
79, 929
56, 554

18, 135
29, 409
37, 008
29, 605

739, 645
1, 006, 998
1, 162, 243
1, 133, 760

84, 007
121, 082
164, 506
173, 088

655,
885,
997,
960,

638
916
737
672

675, 668
641, 246
618, 459
528, 236

.212
.210
.207
.201

.124
.116
.118
.121

85, 201
82, 936

477, 117
450, 851
524, 294
565, 691
449, 570
583, 154
588, 977

1920
1921
1922
1923
1924
1925
1926
1927

Dollars per pound

55, 540
53, 436

29, 661
29, 501

1, 105, 439
1, 128, 524

186, 073
214, 465

919, 366
914, 059

616, 624

.206
.215

.123
.122

85, 065
68, 960
114.039
120, 941
108, 142
187, 558
219, 803

35, 555
31, 060
45, 735
63, 408

85,386
77, 082
141, 823
156,394

644, 543
669, 283
875, 406
920, 922

85, 741
74, 117
95, 959
92, 212

558, 802
595, 167
784, 364
828, 710

114, 942
131,261
164,270
160, 219
120, 979
126,115
129.729

128, 019
135, 887
123, 912
165, 645
139, 483
102, 260
93,319
82, 029

51, 021
72, 412
63, 913
86, 282
78, 675
57, 402
58, 248
56, 775

76, 998
63, 476
59,999
79, 363
62, 808
44, 857
35,073
25, 375

898, 845
761, 914
647, 594
837, 352
827, 581
753, 480
646, 521
771, 955

120, 413
119, 705
86, 573
77, 311
89, 855
108, 020
94, 884
102, 926

475, 867
479, 917
568, 835
722, 806

96, 385
90, 357
106, 603
140, 840

93, 835
76, 876
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

1927
January
February
March
April

783, 758
608, 455
695, 176
603, 019

154, 592
119,715
140, 267
126, 609

85, 134
74, 150
76, 508
91, 842

59, 842
49, 884
53, 040
67, 345

25, 292
24, 266
23, 468
24, 497

May
June
July
August

681, 902
778, 271
652, 896
580, 606

142, 527
165, 988
140, 932
117, 871

91,878
97, 803
76, 277
72, 958

64, 418
66, 404
46, 972
50, 816

September
October _ .
November
December..

458, 919
497, 128
596, 842
793, 789

89, 704
92, 860
110, 525
155, 157

89, 829
72, 251
67,764
87, 955

557
354
052
075

140, 414

monthly
monthly
monthly
monthly
monthly
monthly
monthly
monthly

average.. .
average. _average. _.
average. __
average...
average. _.
average. __
average. _.

1926
September
October
November
December

_

1928
January .
February
March
April.
May
June
July
August
September
October
November
December

935, 467
1, 017, 548
890, 408
585, 081
672, 640
704, 468

190,
217,
155,
127,

.

i!

_ _
1

i
i

l

II

-

l
i

l
^

_
|

1

|l

li

Production of pork products, including lard, from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau, of Animal
Industry, given as total dressed weight, excluding meat from condemned animals. Slaughter of hogs under Federal inspection according to 1919 census figures amounted
to 68 per cent of total slaughter. Monthly data from 1920, slightly revised since, given in May, 1922, issue (No. 9), p. 95, including data on exports, storage holdings, and
apparent consumption also. The figures shown here for lard revise previous figures through calculation of production from yields by the Bureau of Agricultural
Economics.
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 \vith "Other products."
3
Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Econojnics, 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 cf 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.




94

Table 72.—OTHER MEATS
!

BEEF

Production (inspected
slaughter)!

YEAR AND MONTH

Exports 2

MISC.
MEATS

LAMB

TOTAL MEATS
(including lard)

Wholesale
prices 4
ColdColdProduc- storage Appar- storage
ColdCold- Apparent
Producstorage
storage
Apparent
conWestSteer tion (in- hold- ent con- holdtion
spected ings,
holdings, sumpholdings, consumpern
rounds slaughsump(inspected
ings,
end of 3
end of
tion <
dressed No. 2,
tion «
end of
end of slaughter) 1 month s
month
ter) i months tion <
Chimonth 6
steers,
N. Y.
cago

Thousands of pounds

Dolls, per pound

Thousands of pounds

i
1913 monthly average .
1914 monthly average.
1915 monthly average.
1916 monthly average.
1917 monthly average.

329, 811
314, 784
331, 971
383, 268
457, 910

3,016
7,161
31, 297
22, 724
29, 142

127, 200
192, 343

354, 440
420, 946

$0. 132
.143
.135
.147
.188

1918 monthly average.
1919 monthly average.
1920 monthly average.
1921 monthly average.
1922 monthly average.

522, 309
448, 074
395, 093
371, 108
414, 045

58, 338
22, 592
11, 599
3,418
2,723

256, 523
237, 123
156, 117
99, 623
68, 521

467, 135
431, 602
400, 648
375, 060
411, 561

1923 monthly average.
1924 monthly average.
1925 monthly average.
1926 monthly average.
1927 monthly average.

427, 407
444, 005
456, 643
479, 709
439, 769

2,347
2,171
2,205
2,065
1,613

75, 689
79, 712
80, 156
64, 358
59, 065

1926
September
October
November
December

540, 945
545, 988
512, 357
494, 665

2,805
1,984
2,190
1, 697

1937
January
February
March
April

443, 918
401, 482
436, 571
421, 666

May
June
July
August
September
October
November
December

..

1938
January
February
March
April _
May
June
July
August.

4,531

38,439
29,141 !

.247
.254
.247
.178
.159

.221
.224
.213
.145
.145

31, 831
38, 539
34, 399
41, 096
34, 820

6,026
8,291
20, 174
22, 090
3,294

427, 455
440, 131
460, 585
477, 990
443, 686

.176
.171
.192
.171
.200

.153
.152
.158
.157
.181

37, 188
38, 030
38, 943
41, 741
41, 809

46, 250
61, 198
85, 977
100, 873

536, 285
531, 354
486, 723
479, 484

.181
.179
.175
.185

.170
.162
.145
.141

1,975
1,748
2,025
2,043

95, 254
88, 020
77, 159
62, 928

448, 614
407, 852
446, 970
436, 177

.178
.175
.175
.187

449, 382
449, 020
417, 119
465, 597

1,418
1,374
1,920
1,899

50,413
43, 756
35, 722
33f 446

463, 240
456, 534
426, 434
470, 490

453, 993
475. 455
459, 364
403. 660

1,609
1,165
1,085
1,097

35, 878
43. 916
65, 345
76, 947

974
935
1,143
1,052

422, 916
406, 060

_ _

45, 661
44, 623
38, 445
37, 564
28, 287

387. 750
370, 385
378, 251
361, 718

_.

$0.131 |
.133 j
.124
.130
.162

1,165
1,573

7 48, 182

852, 589
810, 258
894, 710
986, 523
935, 767

887, 581

824, 727
793, 573

31,299
39,166
37,703
43, 003
35, 830

86, 774
103, 078
82, 474
79, 137
53, 641

1, 137, 294
1, 075, 590
968, 944
972, 417
1, 067, 141

1, 224, 646
1, 269, 413
1, 157, 693
962, 764
773, 050

876, 854
854, 349
955, 554
953, 358
928, 766

3,742
2,495
1,731
2,622
2,625

37, 615
38, 047
39, 140
41, 691
41, 961

67, 540
72, 060
73, 021
54, 644
59, 885

1, 229, 773
1, 216, 998
1, 105, 812
1, 127, 495
1, 125, 809

984, 698
981, 848
908, 389
768, 145
893, 530

1, 053, 121
1, 078, 281
1, 024, 436
1, 032, 502
1, 044, 422

45, 607
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, 419
1, 069, 797
1, 120, 929
1, 262, 825

724, 528
594, 580
578, 075
692, 024

1, 119, 198
1, 121, 986
1, 066, 816
1,068,945

.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

820, 139
900,101
971, 565
993, 134

1,057,234
894, 924
1, 029, 464
948, 075

.188
.188
.200
.200

.184
.185
.193
.203

37, 731
39, 123
37, 647
44, 865

1,210
1,360
1,161
1,302

38, 452
38. 872
37,706
44, 811

60, 978
63, 768
66, 457
65, 873

1, 169, 015
1, 266, 415
1, 107, 662
1, 091, 069

1, 012, 427
1, 100, 477
1, 123, 747
1, 034, 057

1, 062, 251
1, 084, 562
1, 012, 147
1, 110, 411

455, 239
474, 078
443, 800
394, 808

.213
.225
.234
.238

.199
.190
.190
.196

45, 378
46, 188
42, 354
44, 660

1,991
2,958
3.790
4,408

45, 098
45, 855
41, 877
44, 246

58,163
49, 235
52, 227
61,420

958, 290
1, 018, 772
1, 098, 559
1, 242, 109

822. 973
635, 349
587, 338
721, 055

1, 076, 686
1, 134, 997
1, 089, 256
1, 033, 194

71,681
63, 749
57,256
46, 194

393, 945
379, 461
384, 815
375, 381

.230
.230
.221
.222

.220
.200
.205
.200

47, 081
44, 057
42, 130
36, 248

4,404
4,020
3,252
1,828

47, 055
44, 428
43, 052
38, 039

64, 219
71, 707
74, 949
70, 438

1, 370, 298
1, 431, 989
1, 310, 789
983, 046

879, 949
1, 146, 474
1, 297, 700
1, 252, 200

1, 116, 668
1, 065, 135
1, 046, 326
941, 656

37, 212
32, 210

435, 397

.229
.225

.201
.212

38, 455
40, 693

1,276
2,163

40, 135

64, 846
64,033

1, 134, 010
1, 151, 221

1, 208, 773
1, 226, 902

1, 092, 156

_

September.
October
__
November __
December

i!

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. Total meats include lard, monthly data from 1917 being shown in the July, 1928, issue (No. 83), p. 19.
* Apparent consumption, including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural
Economics, from the inspected slaughter, less condemned animals, plus net imports less exports and reexports and the change in cold-storage holdings. Monthly data on total
meats from 1916 appeared in the March, 1926, issue (No. 55), p. 23.
5
Wholesale prices are averages for the month from U. S. Department of Labor, Bureau of Labor Statistics.
6
Compiled by U. S. Department of Agriculture and include all stocks of beef, pork, and mutton trimmings and edibles offal that have been frozen, cured, or otherwise
prepared for food. Data do not include trimmings that have not been frozen, cured, nor processed, nor sausage or canned-meat products. Data are given for the end of
each7 month. Monthly data from August, 1917, appeared in the April, 1926, issue (No. 50), p. 20.
Average for 5 months, August to December, inclusive.




95

Table 73.—CONDENSED AND EVAPORATED MILE

Evaporated

Case Bulk
goods goods

Case
goods

Case Bulk
goods goods

Case
Case Buik
goods goods goods

Bulk
goods

Evaporated
Case
goods

Total

Total

Total

Condensed

1

Case
goods
Total
ft

a
£

Dolls, per
case

Thousands of pounds

81, 890 $9. 50 $6.01
79, 207 7.06 5.10
64, 711 5.25 4.14
79, 751 6.24 4.71
109, 751 5.99 4.15
88, 189 5.91 4.33
92, 706 5.86 4.42
104,253 5.87 4.57

131, 501
122, 014
119, 279
147, 907
141,712
140, 488
144, 459
154, 645

29, 008
16, 987
19, 531
16, 567
15, 777
15, 828
13, 020
13, 582

8,979
8,365
8, 862
12, 258
12, 001
13, 246
16, 934
15, 283

82, 117
85, 798
79, 457
104, 963
100, 109
100, 704
97, 538
106, 826

11, 398
11,864
11,430
14, 119
13, 825
16, 709
16, 966
18, 953

235,138
173, 926
137, 226
166, 022
186, 925
161, 409
165,414
181,413

56, 515
31,375
21, 166
20, 181
19, 236
29, 792
27, 055
28, 179

19, 701
17, 999
9, 875
18, 505
16, 727
7,790
14, 904
13, 759

158, 214
123, 661
105, 872
127, 089
150, 693
123, 538
123,233
139, 135

123, 436
116, 560
87, 342
104, 558
132, 998
113, 7f,9
120,933
132,773

29, 083
23, 346
14, 833
13,429
14, 119
21, 259
21, 438
22,911

11,846
13, 142
7,504
11, 142
8,870
4, 092
6,623
5,445

1926
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

22, 889
19, 142
17,008
19, 082

5,718
6,081
9,028
10, 829

107, 304
92, 974
89, 225
98, 414

103, 799
89, 045
82, 613
95, 807

17, 592
14, 909
11, 723
14, 424

3,217
3,822
7,070
4,768

82, 897
70, 187
63, 730
76, 465

6.00
5.95
5.95
5.92

4.72
4.44
4.38
4.36

May
June
July
August

207, 243
233, 143
187, 556
139, 361

18, 282
17, 618
13, 002
11, 168

26, 299
30, 040
20, 309
14, 664

139, 251
159, 995
125, 185
90, 414

23, 411
25, 490
29, 060
23, 115

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, G93
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

September 119, 258
October... 109, 476
November 89, 062
December. 98, 774

10, 655
10, 871
10, 639
12, 186

14, 222
12, 172
8,220
8,798

77, 512
71, 940
58, 827
67, 639

16, 868
14, 493
11, 376
10, 151

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

1927
January _ _ .
February .
March
April

117,750
119, 768
153, 897
183, 352

13, 336
9,715
11, 733
17, 033

11,819
11, 976
14, 653
17, 688

81, 621
85, 539
111, 172
128, 504

10, 974
12, 538
16, 339
20, 127

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, h88
49, 940
47, 476
58, 455

34, 182
20, 966
18, 828
20, 750

11, 296
7,054
5,378
8, 317

May
June.
July
August. _.

241,
258,
200,
162,

763
890
076
875

20, 031
20, 038
14, 577
12, 758

25, 569
27, 721
16, 974
14, 874

169, 338
181, 079
139, 687
111, 660

26, 825
30, 052
28, 838
23, 583

149, 260
230, 321
277, 379
300, 828

26, 709
41, 028
44, 028
43, 559

15,392
20, 223
19, 883
20, 796

106, 636
168, 599
213, 068
236, 173

76, 063
171, 446
222, 774
249, 728

Septembe 117, 792
October ... 110, 967
November 89, 150
December
99, 440

9,294
12, 067
10, 763
11, 633

11, 867
10, 903
8,677
10, 669

76, 206
73, 341
58, 172
65, 596

20, 427
14, 656
11, 538
11, 542

280, 734
256, 650
207, 892
173, 624

38, 357
35, 932
29, 155
24, 820

19, 566
14, 956
12, 362
8,310

222, 482
205, 587
166, 187
140, 133

102, 847
131, 323
181, 476
170, 884

147, 774
119, 314
100, 299
124, 861

20, 618
17, 924
15, 845
18, 496

8,457
7,635
8,299
11, 757

205, 123
269, 421

158, 012

22, 396

16, 241

1928
January..
February
March
April
May
June
July
August

Thous. of pounds

I

mo. av
mo. av
mo. av
mo. av
mo. av
mo. av
mo. av
mo. av

1920
1921
1922
1923
1924
1925
1926
1927

EXPORTS ^

Evaporated

Conden sed

Evaporated

WHOLESALE
PRICES 2

Condensed

Condensed

(end of month)

Cond.

YEAR AND
MONTH

UNSOLD STOCKS i
(end of month)

TOTAL STOCKS^

PRODUCTION i

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
8,855 2,907

11, 162
16, 319
10, 891
11,407
11,854
8,755
6,320
5,671

9, 695
8,478
11, 500
12,946

3,733
3,777
3,642
3,685

5,962
4,701
7,858
9,261

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

115, 700
104, 385
76, 965
45, 235

5.76 4.45
5.85 4.41
5.85 4.42
5.68 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

3,388
3,619
3,881
3,689

19, 084
10, 150
9,346
8,531

5.63 4.50
5,72 4.50
5.75 4.50
5.84 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

21, 706
37, 205
38, 140
38, 325

5,220
7,573
7,719
7,600

48, 947
126. 534
176, 763
203, 643

5.93 4.63
5.90 4.60
5.83 4.58
5.83 4.58

11,334
12, 368
9,283
8,009

3,642
3,190
2,716
3,532

7,305
8,926
6,326
4,240

237. 903
219, 790
179, 904
140, 944

33, 004
30, 535
24, 919
19,048

6,500
5,970
5,521
4,656

198, 281
183, 239
149, 397
117, 115

6.00
6.00
6.02
6.00

4.58
4.58
4.59
4.57

6,434
8,196
7,941
7,213

2,439
2, 760
2,981
2,345

3,756
S, 130
4,662
4,532

118, 414
93, 528
75, 949
94, 338

115, 623
83, 387
73, 238
91, 928

15, 151
12, 534
10, 868
13, 169

5,216
5,230
6,034
6,453

95, 120
65, 497
56, 201
72, 121

6.00 4.58
5.98 4.46
5.84 4.23
5.83 4.23

11,414
10, 504
13, 715
9,424

3,819
2,645
4,707
2,700

7,360
7,531
8,742
6,421

119,068

121, 451

18, 079

7,937

95, 243

5.83
5.83

4.28
4.28

11,357
8,742

3,279
3,054

7,806
5,464

j

Septembe
October
Novembe
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.
3
Exports are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.




96

Table 74.—RAW AND POWDERED MILK AND ICE CREAM
ICE
CREAM

RAW MILK
Receipts
YEAR AND MONTH

Greater
New
York i

Boston
(snclud.
cream) 2

Thousands of quarts

ConProduction,
sumption in
Minneapolis, oleomarSt. Paul 3 garine 4
Thousands of
pounds

1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly

__

average
average
average
average
average
average
average
average

11, 727
12, 193
13, 059
13, 865
14, 116
14, 878
15, 391
15, 930
16,511
17, 389
17, 753

7, 786
12,141
13, 224
17, 895
21, 005
24, 100
24, 769
24, 636

17, 002
15, 522
18, 140
17, 976

114, 529
116, 448
118,672
110, 694

Production «

Production s

j Thous. of
gallons

5, 715
7,145

106, 156
99, 019
113,200
108, 761

average
average
average
average _ _ _
average
_
average
average

59, 840
60, 520
63, 600
64, 520
66, 080
70, 520
74, 920
81, 440
85,760
89, 280
98, 440
99, 656
103, 612
106, 196
110, 904

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly

POWDERED MILK

Stocks,
end of
month ?

Net

orders 6

Exports 3

Thousands of pounds

1, 749

(

10, 470
11, 098

1, 549
2,147
2, 530
3,634

8 4, 876
4,386
5,426
5,564
5,740
5,931
6,353

12, 357
12, 193
13, 108
15, 284
15, 130
17, 865
17, 937
18, 896

4,436
3, 566
3,901
5,734
6,426
6,854
8,541
10, 799

25, 468
24, 623
27, 794
26, 458

6,287
6,262
7,042
6,518

8,402
9, 769
13, 239
17, 145

17, 725
19, 633
19, 366
18, 095

30, 818
30, 835
26, 718
21, 157

5,913
5,689
4,817
5,566

111,582
114, 981
108, 536
108, 272

17, 586
17, 987
16, 624
17, 376

19, 046
20, 217
19, 868
22, 627

6,410
7,332
7,034
7,363

109, 709
104, 413
114,214
109, 613

17, 490
15, 964
18, 176
17, 697

26, 140
26, 192
28, 780
27, 522

117,558

17, 914

3,948
4,347
5,170
5,448

11,645
11, 775
7,314
6,395
12, 881
7,092
10, 225
9,304

264
787
516
203
461
304
222
277

6,657
6,956
9, 379
11,354

3,568
4,214
4,679
6,012

9,638
6,710
6,601
6,683

268
254
171
336

23, 806
29, 957
36, 177
28, 651

15, 074
16, 160
14, 096
12, 059

5,716
6,196
5,781
5,683

9,136
12, 356
13, 746
13, 232

387
251
241
238

24, 440
15, 571
10, 846
8,753

10, 141
9, 763
8, 214
9,734

6,531
5,735
5,706
5,559

10, 646
9,261
7,950
5,723

239
307
298
336

7,190
8,117
7, 762
7,035

4,880
4,781
6,062
6,037

8,334
9,185
9,113
12, 156

236
328
266
303

7,455
7,034

6,590

15, 536

273
225

1927
January
February
March
April

May
_
June
July
August..

_

September _
October
November
December

September
October
November
December

-_
_

1938
. _.

January
February
March
April

May
June ._
July
August

_

_

__

_

j

_._ . _

1

f""

|

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
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. 11), p. 46.
3
Production of whole milk by members of the Twin City Milk Association, including most of the area within a 40-mile radius of Minneapolis and St. Paul
Monthly data from 1920 appeared in the July, 1922, issue (No. 11), p. 46.
4
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.
5
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. 2o'.
e 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, 1923, 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.
7
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.
s Compiled by U. S. Department of Commerce, Bureau of Foreign aiid Domestic Commerce.
9 6 months' period, July to December, inclusive.




97

Table 75.—BUTTER, CHEESE, AND EGGS

FEAR AND
MONTH

Production
(factory) i

Apparent
consumption 2

CHEESE

ColdReceipts storage
holdat 5
ings,
markets 3 creamery 4

Price, creamery,
92 score 5

BUTTER

Production i

Cold-storage
holdings 4

American 8

Total, all varieties

Appar- ReExports
Coldent
ceipts storage Imfl
conat 5
4
gump- mar- hold- ports U.S. Canada 7
tion 2 kets 3 ings
6

Receipts

Cold- Price at 5
Produc- storage ! No.l mar- Case Frozen
tion i hold- fresh kets 3
9
ings 4
()

()

Dolls,
p.lb.

Thousands of pounds

EGGS

hp°lbS

Thousands of pounds

Thousands of
cases 10

Thous.
oflbs.

3,069
3,504

4,930
10, 621

i 83, 887

4,632 221
4,623 316
3,235 5,246
2,376 4 508
528 4,448

12, 942
12, 076
11, 442
16, 081
16, 492

$0.15
. 16
0
28, 995 .15
26, 125 . 19
22, 079 47, 590 .24

31, 304
31, 709
33, 992

16, 189
14, 055
16, 695
16, 655

41, 599
53, 305
52, 917
43, 939
41, 637

630 4,034
944 1 180
1,333 1,358
2,239 981
3,881 417

14, 573
12, 684
10, 533
11, 135
11, 104

20, 607
23, 486
21, 224
21,811
23, 567

34, 646
41, 442
37, 559
30,006
30, 675

.27
.32
.29
.21
.20

3,367
1,224 4,156
1,079 3, 261
1,251 4,171
1,335 5,137

12, 071
14, 871
18, 866
24, 562
22,607

35, 852
39, 024
41, 917
41, 290
40, 197

35, 733
38, 956
40, 636
42, 540
40, 924

18, 254
17, 921
18, 488
17, 324
18, 180

52, 431
66, 536
68,489
72, 684
66, 933

5,368
4,931
5,200
6, 535
6,650

694
358
766
325
282

9,546
9,732
10, 580
11,222
9,211

25, 678
27, 058
28, 937
27, 993
25, 648

39, 579
49, 483
52, 056
56, 964
50, 119

.25
.21
.25
.23
.26

1,391
1,284
1,290
1,300
1,350

5, 355
4,597
5,309
4,941
5,410

27, 716
27, 426
31, 610
37, 850
57, 447

.50
.52
.51
.50

28, 145
28, 553
35, 353
39, 703

37, 492
35, 047
41, 747
41, 588

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

3,209
3,404
3,191
1,117

16, 660
17, 085
21, 318
24, 533

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

25, 404
89, 996
145, 147
163, 701

.43
.43
.42
.42

53, 456
61,465
54, 605
46, 731

47, 223
44, 352
33, 957
41, 956

21, 301
22, 134
24, 134
22, 556

50, 864
67, 216
87, 937
90,204

7,072
7, 656
6,503
3,430

297
241
231
251

2,619
7,060
8,977
16,023

34, 704
41, 489
38, 195
31, 944

35, 826
49, 999
67, 091
69, 749

.24
.24
.24
.25

2,523 8,962
1, 767 10, 565
1,225 10, 746
1,005 9,650

71, 605
81, 263
81, 418
77, 508

179, 878
176, 176
158, 492
163, 347

42, 234 147, 396
38, 301 L 18, 679
33, 607 83, 224
46, 289
33, 687

.46
.48
.50
.52

38, 776
37, 274
29, 364
28, 670

43, 641
47, 212
39, 777
37, 101

21, 522
18, 995
14, 279
13, 826

85, 131
77, 603
70, 735
64, 035

5, 102
8,441
8,976
7,474

225 19, 040
211 20, 944
321 16, 072
211 8,878

25, 783
23, 012
16, 717
16, 337

65, 453
59, 035
53, 447
47, 765

.27
.28
.27
.29

897
704
603
608

7,960
5,485
2,956
882

71, 208
62, 066
54, 703
47, 020

1938
Jan
103, 861
Feb ...
96, 768
Mar
_ 107, 896
Apr--117,757

159, 687
143, 844
156, 505
163, 257

42, 271
41, 140
45, 748
44, 721

28,273
14,404
5,716
5,109

.49
.47
.49
.45

24, 033
24, 456
30, 410
28, 960

37, 408
36, 618
41, 490
36, 670

14,405
13, 716
14, 655
15, 138

55, 862
48, 784
43, 303
41, 791

5,347
5,303
5,759
6,229

257
208
266
187

1,324
1,148
2,011
668

41, 793
36, 710
31, 887
30, 207

.29
.24
.25
.24

862
1,320
2,034
2,360

26
66
1,087
4,515

38, 575
31, 362
34, 411
51, 532

156, 020
182, 016

205, 973
204, 173

54, 427
69, 650

15, 952
69, 343

.45
.44

40, 305
58, 880

38, 807
45, 778

16,254
19, 216

48, 990
68, 493

6,280
6,581

303
180

4,860
5,849

36, 716
53, 617

.24
.26

2,503 8,162
1,763 9,998

67,941
77, 690

$0.32
30
* 80, 539 .30
51, 588 .34
43
54, 572

1913
1914
1915
1916
1917

m. a.
m. a_
m. a
m. a.
m. a.

63,293

138, 109

1918
1919
1920
1921
1922

m.
m.
m.
m.
m.

a.
a.
a.
a.
a.

66, 107
70, 833
71, 965
87, 912
96, 126

123, 796
127, 094
129, 466
143, 811
149, 671

38, 336
33, 563
39, 012
43, 893

49, 737
67, 229
59, 754
52, 623
50, 959

.51
.61
.61
.43
.41

32, 693
31, 930
33, 531

1923
1924
1925
1926
1927

m. a_
m. a.
m. a_
m. a_
m. a.

104, 268
113, 007
113, 461
120, 981
124, 708

155, 564
164, 742
167, 192
174, 013
174, 056

45, 448
48, 956
47, 667
47, 745
48, 538

47, 074
73, 665
61, 665
67, 693
,71,018

.47
.43
.45
.45
.47

1937
Jan
Feb
Mar
Apr

97, 965
95, 522
111,451
126, 415

151, 019
140, 026
158, 242
173, 518

37, 705
38, 375
45, 210
48, 279

17, 952
7,952
3,044
3,436

May
June
July _-.
Aug

168, 808
188, 792
170, 484
146, 808

212, 098
201, 090
185, 532
188, 803

63, 710
75, 756
67, 282
58, 310

Sept
Oct
Nov
Dec

113, 546
102, 399
86, 058
88, 247

May
June
July
Aug

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 3 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.
5
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.
s 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
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.
16
1 case of eggs equals 30 dozen, or about 45 pounds net.
u 5 months' average, August to December, inclusive.


731°—28


7

98

Table 76.—SUGAR
REFINED SUGAR

RAW CANE SUGAR

WHOLESALE
PRICE 2

RETAIL
PRICE 2

CUBAN MOVEMENT ?
(RAW)

[
Imports i

YEAR AND
MONTH

Rec'pts
LouisiStocks
ana
at reFrom
crop at Meltings fineries,
s
From
()
Hawaii foreign
New
end of
month »
and
Orleans
P.R. countries
(4)

ExStocks, ports,1
Shipments,6 end of includmonthe
2 ports 2 ports
ing
maple

Long tons
1909-13 m. a.
1913 mo. av__
1914 mo. av_.
1915 mo. av_.
1916 mo. av__
1917 mo. av__

63, 336
66, 890
67, 984
69, 756
75,683
80, 581

1918 mo. av__
1919 mo. av__
1920 mo. av
1921 mo. av..
1922 mo. av__

65, 951
69, 322
70, 803

16, 184
10, 109
8,501
14, 050
9,545

74, 572
68, 436

192, 219
261, 149
298, 686
222, 005
362, 040

7,286
8,154
4,704
8,812
9,236

326, 547
334, 981
296, 130
429, 002

115, 706
106,017
150, 497
191, 101

1923 mo. av_.
1924 mo. av_.
1925 mo. av..
1926 mo. av..
1927 mo. av..

63, 575
79, 142
100, 257
96, 486
100, 101

286, 806
307, 724
332,711
344, 125
306, 309

14, 102
6,601
4,952
5,181
1,476

345, 730
378, 937
426, 075
431, 261
406, 863

1927
January
February
March
April

70, 187
142, 800
157, 549
158, 556

163, 973
366, 551
400, 544
417, 332

1,404
123
46
30

May
June
July__
August

144, 715
140, 717
98, 160
93, 071

348, 546
285, 968
323, 434
346, 818

September- _
October
November . _
December.. _

74, 520
76, 540
24, 340
20, 058

1928
January
February ...
March
April.
May
June
July
August.

jrt.

Dollars per pound
2,927
1,926
14, 524
35, 847
58, 655
37, 604

175, 664
201, 437
196, 569
205, 716
183, 802

Raw Gran96° ulated, Gran- Index, Receipts.
cenin
Cuban
51
trifu- bbls. ulated, cities
N.Y.
ports
N.Y.

$0. 035 $0. 043
.038
.047
.047
.056
.058
.0.69
.063
.077

Rel. to
1913

Exports

Stocks,
end of
moil tli

Ixmg tons

$Q. 049
.053
.059
.075
.088

100
108
120
146
169

134, 225
125, 726
210, 908
246, 245
201, 760

129, 447
120, 972
209, 971
237, 004
204, 422
265, 707
323, 441
2V4, 811
233, 140
428, 302

242,583
280, 333
364, 179
436, 913
308, 662

41, 338
62,202

7 18, 083
12, 745

15, 152
54,889
34, 381
34, 739
68, 330

175, 770
184, 473
202, 648
323, 541
287, 659

53, 336
62, 532
69, 758
71, 964
67, 483

30, 529
27,319
22, 185
36, 663
39, 415

16, 552
16, 387
28, 226
7,957
9,314

.070
.060
.043
.043
.047

.084
.075
.055
.055
.058

.094
.084
.064
.061
.065

184
167
131
125
133

290, 609
332, 554
420, 238
384, 321
354, 868

290,613
362, 841
553, 004
482, 656

177,. 791
300, 858
321,629
379, 210

46, 095
6.0, 724
84, 070
85, 401

24, 638
30, 491
52, 056
49, 441

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
25
34

472, 528
503, 703
459, 108
457, 961

370, 898
361,915
308, 961
296, 012

84, 961
84, 528
73, 507
78,069

44, 643
47, 986
46, 775
43, 230

10, 524
8,345
12, 956
17, 297

.048
.046
.045
.045

.060
.060
.059
.056

.063
.065
.067
.066

133
133
135
133

227, 001
185, 360
157, 420
208, 474

336, 320
359, 738
343, 161
403, 719

1,357,045
1, 156, 430
998,209
783,717

278, 078
319, 464
223, 855
201, 139

23
None.
5,727
10, 204

384, 903
375, 748
295, 922
243, 364

258, 427
254, 963
215, 665
205, 573

68, 432
54,010
44, 663
45, 340

37, 536
35, 128
30, 665
30, 387

4,451
3,642
4,480
3,651

.048
.047
.047
.046

.058
.057
.056
.056

.064
.064
.063
.062

131
131
131
129

167, 805
151, 747
106, 974
86,425

292, 816
304, 118
261,815
244, 852

671,952 [
531, 142
344,693
212,314

45, 026
130, 034
204, 691
164, 551

219, 926
344, 459
425, 817
448, 326

None.
None.
None.
None.

307, 050
310, 612
468, 496
409, 447

192, 968
333, 493
458, 231
666, 061

40, 958
47, 631
70, 414
60,571

29,542
20, 283
31, 621
42, 092

3,184
8,842
9,865
8,645

.043
.043
.045
.045

.057
.056
.057
.058

.063
.063
.063
.064

129
129
129
129

238, 129
896, 615
1, 016, 015
586, 747

212, 161
326, 705
584, 153
447, 097

177,801 [
851, 113 I
1, 202, 871 \
1, 325, 001

158, 387

271, 492
208, 241

None.
None.

378, 231
404, 120

701, 624
682, 591

58, 371
143, 862

43, 208
76,532

11, 869
5,364

.045
.043

.059
.059

.065
.067

131
133

237,507
123, 340

287, 561
229, 869

1, 263, 287
1, 127, 054

7

.064
.075
.130
.048
.047

.078
.089
.126
.062
.059

.094
.104
.182
.077
.066

176
205
353
146
132

272,066
328, 360
288,281
291, 342
357, 892

592, 065
647, 341
410, 287
I, 047, 721
617, 799 |
i
290,065
395, 339
332, 035
455, 115
411, 793
713, 576
388, 866
816, 549
338, 677 '
818, 074

j
i
|
;

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.
« Meltings of raw sugar by refiners compiled by the Statistical Sugar Trade Journal represent operations at the eight ports of Boston, New York, Philadelphia, Baltimore, Savannah, New Orleans, Galveston, and San Francisco, the Baltimore figures being added in 1921 upon completion of refinery in that city. The figures from the
four North Atlantic ports are actual monthly totals; those for San Francisco, Savannah, and Galveston are prorated from weekly totals; while the New Orleans figures are
rorated from partly estimated figures. Stocks represent the amount of raw sugar in the hands of refiners and of certain importers (the bulk of stocks being in refiners'
ands) at the end of each month for the four North Atlantic ports and on the Saturday nearest to the end of each month for the other ports, the total being considered as
of the last day of the month. Details of meltings and stocks, by ports, are given in the Statistical Sugar Trade Journal; also classification as between importers' and refiners'
stocks.
6
Compiled by the Federal Reserve Bank of Atlanta from reports of refiners at Savannah and New Orleans. Monthly data from 1921 appeared in the February, 1928,
issue (No. 78), p. 23.
7
Average for 9 months, April to December, inclusive.

g




99

Table 77.—COFFEE, TEA, POULTRY, AND FISH
COFFEE i

Stocks
in
United
Kingdom 4

Price,Formosa,
fine,New York 3

Imports
into
U. 8.2

Thous. of Ibs.

Dolls.
perlb.

Thousands of bags
1909-1913 monthly av
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av

Price,IlioNo.7,
Brazil grades
N. Y. a

Clearances
Re- from Brazil Imports
ceipts
in
into
World United Brazil Total To U.S.'
total States
U.S.

Visible supply,
end of month
YEAR AND MONTH

POULTRY

TEA

Dolls,
perlb.

11, 819
11, 370
9,468
9,280
11
10, 671

1,835
1,576
1,727
2,016
2,611

1,138
936
1,431
1,186
1,064

1,097
928
1,395
1,078
864

441
461
589
552
526

573 $0. 113
538
. 107
638
. 080
776
.075
737
.094
812
.091

8 241
7,418
8, 151
8r 842
8,^14
10, 566

107, 127
96,338
107, 053
110,784
67, 040

av
av
av
av
av

12 7, 318
7,941
8,913
8,730

1,851
1,213
1,695
1,686
1,086

994
733
910
1,138
966

607
1,051
944
1,003
1,035

373
525
521
513
499

664
842
819
847
787

.098 i
.178
.120
.072
.103 I

11, 044
6, 747
7, 507
G, 374
8, 093

90, 408
153, 759
213, 843
211, 666
187, 796

.358
.353
.337
.240
.303

1923 monthly
1924 montkly
1925 monthly
1926 monthly
1927 monthly

av
av
av
av
av

5,863
4,857
5,146
4,619
4,597

903
726
736
779
759

992
1,280
1,070
1,143
1,302

1, 175
1, 158
1,118
1,130
1,239

625
583
586
625
665

890
897
810
943
905

.115
. 108
.203 i
.182 I
.148 !

8, 927
7,701
8, 437
7, 994
7, 464

151, 357
159, 665
195, 249
180, 634
184, 369

1927
Mav
June
Jiilv
August .

4,322
4,393
4,537
4,716

743
788
634
825

1,058
1,206
1,258
1,505

935
1,169
1,235
1,313

509
712
655 840
791
666
595 1,007

.154
.148
.142
.139

4,732
5,343
6,101
9,467

September
October
November
December

4,622
4,917
5,050
5,041

547
634
686
768

1,407
1,858
1,737
1,391

1,335
1,604
1,531
1,459

712 667
862 976
813 1,099
876 1,144

:!£

1928
January _ _
_
February
March
April

4,862
4,792
5,050
5,152

782
833
873
892

1,224
1,032
1,332
1,203

1,248
988
1,318
1,052

687 1,148
507 1,024
789 1,085
518 935

5,143
5,321

775
861

1,158
1,303

1,306
1,100

649
549

May

September _ .
October
November _
December .

Coldstorage
holdings
(end of
mo.)6

839
906

Total Coldcatch, storage
prinholdcipal
ings
fishing (15th of
7
ports
mo.)6

Canned salmon
Ship- Exports
ments Canada 9
U.S.8
Cases

Thousands of pounds

$0 242
.249
.248
.240
.240
.316

1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly

June
July
August .

|
Receipts
at 5
markets s

FISH

10

36, 604
106, 083
60, 167
85, 313
83, 875

11, 164
11, 798
W 12, 256
16, 073 13 41, 747
15, 513 36, 912
10

18, 239
21, 355
23, 559

44, 032
64, 798
46, 146
50, 278
54, 276

18, 393
17, 667
16, 195
14, 196
14,884

62, 533
62, 133
45, 480
44, 816
35, 321

467, 086

76,000
82, 833
106, 813
53, 396
75, 729

.310
.316
.350
.355
.342

28, 397
30, 265
26, 733
30, 178
28, 684

68, 045
64, 990
82, 050
70, 395
78, 933

16, 318
17, 005
19, 951
22, 055
24, 056

36, 203
45, 041
44, 084
46, 882
48, 957

471, 438
541, 804
527, 109
524, 806
513, 307

55, 896
93, 875
134, 938
103, 749
95, 353

147, 172
145, 417
137, 417
146, 684

.345
.345
.345
.345

20, 157
21, 479
18, 282
22, 691

61, 525
50, 064
42, 293
39, 711

25, 171
27, 072
27, 322
33, 284

29, 782
36, 696
42, 118
54, 061

288, 120
357, 014
508, 196
802, 320

64, 590
35, 913
48, 190
110, 004

. 135 | 9, 5S6
i 9, 687
| 10, 547
.142
9,, 057

164, 368
185, 921
215, 380
245, 505

.345
.345
.329
.325

24, 391
29, 103
61, 370
70, 350

43, 201
52, 315
85, 030
117, 490

26, 633
27, 390
21, 096
14, 051

60,330 1, 138, 147
65, 960 791, 856
66, 790 377, 951
64, 787 349, 112

97, 163
120, 446
219, 358
95, 921

.148
.157
. 168
.154

8,160
6,087
7,577
4,299

254, 957
252, 704
242, 771
223, 464

.325
.325
.325
.325

29, 347
20, 857
18, 135
16, 006

118, 154
103, 494
83, 169
56, 832

14, 300
18, 860
28, 316
24, 387

53, 921
44, 877
34, 528
26, 473

254, 394
316, 392
314, 241
116, 155

168, 946
79, 760
103, 127
37,231

.157
157

4,755
4,863

195, 988
179, 214

.325
.325

17, 862
18, 849

43, 872
38,182

27, 650

26, 358

154, 768

42, 117
23,106

i

1 Data on coffee, except imports and prices, from the New York Coffee and Sugar Exchange, Inc. Brazilian figures cover the ports of Rio, Santos, Bahia, Victoria, Pernambuco, and Paranagua, Victoria being added in 1925 and Pernambuco and Paranagua at the end of 1927, these two ports being of small importance in coffee movement
prior to those dates. The world visible supply consists of stocks in Europe, United States, Brazil, and afloat, all of which are shown separately in the Exchange's monthly
report. Monthly data from 1913 appeared in the April, 1928, issue (No. 80,) p. 23, the addition of Pernambuco figures since publication of that issue making slight revision
beginning with July, 1927.
2
Imports of coffee and tea from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports of coffee have been reduced to bags from original
data in pounds, taking 132 pounds to the bag.
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 Kingdon or entered to be warehoused on
the 5
last day of the month. Monthly data from 1913 appeared in the November 1926, issue (No. 63), p. 26.
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
6
Cold-storage holdings 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, while fish holdings from
19167appeared in the July, 1928, issue (No. 83), p. 19.
Fish catch, representing landings of fresh fish from vessels at Boston and Gloucester, Mass., Portland, Me., and Seattle, Wash., compiled by U. S. Department of
Commerce, Bureau of Fisheries. Details by ports are given in monthly statements.
8
Shipments of canned salmon from Puget Sound, Astoria, Portland, Greg, (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 averages for the Canadian fiscal year ending March 31 of the year indicated.
10 Excluding Portland and Seattle.
11
7 months' average, January to July, inclusive.
12 6 months' average, July to December, inclusive.
" 3 mouths' average, October to December, inclusive.




100
Table 78.—TOBACCO
UNMANUFACTURED

MANUFACTURED PRODUCTS
Wholesale
price 5

Stocks *
(quarterly)
Sales,
Production loose-leaf Exports,
Chewing,
(crop
leaf 3
waresmoking,
estimate)* houses 2
snuff, and
export
types

YEAR AND MONTH

Cigar
types

Leaf
ManuTotal,
average, factured
including
Kentobacco
tucky
imported
and
types
waresnuff
house

_ _

1
Large
cigars

Small
cigarettes

Cigarettes

1

Thous. of
pounds

630, 959
597, 849
549, 932
586, 844
629, 991

1, 296, 308
1, 404, 636
1, 497, 029
2, 107, 525
2, 944, 272

193, 233
200, 602
173, 015
354, 889
584, 977

31,417
37, 031
28, 941
36, 139
40, 330
20, 989

996, 176
953, 734
1, 034, 679
1, 062, 237
1, 153, 278
1, 249, 276

Exports 3

Dolls,
per cwt,

Thousands of pounds

1909-1913 monthly average
1913 monthly average.
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average

Consumption «
(tax-paid withdrawals)

810, 469
835, 462
915, 452
821, 564
923, 240

369, 802
344, 971
361,114
286, 007
275, 770

1, 234, 014
1, 224, 524
1, 343, 396
1, 165, 332
1, 2.50, 801

$6, 949
10. 300
16. 793

36, 990
36, 745
36, 863
38, 847
40, 248

Thousands

__

1923 monthly average
1924 monthly average
1925 monthly average.
1926 monthly average
1927 monthlv average

33, 902
64, 723
39, 992
43, 563
36, 821

975, 427
1, 030, 642
1, 026, 109
1, 227, 487
1, 121, 075

291, 214
303, 343
327, 185
344, 617
386, 091

1, 337, 747
1, 402, 525
1,440,507
1, 650, 022
1, 587, 422

23. 014
22. 102
14. 595
11. 784
14. 450

41, 423
35, 339
33, 324
32, 208
35, 019

587, 796
589, 363
661, 418
563, 218
574, 383

3, 888, 075
4, 426, 649
3, 720, 072
4, 240, 181
4, 463, 752

1, 012, 128
1, 350, 981
1, 319, 489
711, 973
955, 848

42, 028
40, 344
52, 398
65, US
80, 411

41, 446
47, 950
39, 791
40, 588
42, 656

1, 207, 714
1, 329, 960
1, 383, 519
1,408,152
1, 459, 451

404. 584
410, 435
398, 243
400, 273
357, 550

1, 689, 639
1, 814, 686
1, 864, 016
1, 879, 802
1, 912, 542

15. 058
14. 729
13. 875
8.472
11. 276

34, 342
34, 415
34, 186
34, 173
32, 840

583, 241
554, 867
541, 729
549, 077
547, 615

5, 370, 890
5, 917, 368
6, 663, 134
7, 453, 926
8, 098, 050

1, 021, 044
874, 657
678, 803
794, 945
591, 087

130, 006
117, 721
61, 319
8,076

__

682, 149
65, 280
74, 254
41, 601

1, 515, 110
1, 251, 343
1, 376, 628
1, 297, 889
1, 237, 832

_. _

1, 439, 071
1, 465, 481
1, 582, 225
1, 069, 693
1, 246, 837

66, 586
47, 215
42, 574
35, 209

12. 356
10. 536
10. 526
6.490

33, 005
31, 873
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, 078
611, 221
747, 967
468, 852

1, 009, 114
1, 137, 762

2,180
236
72
66, 810

40, 740
33, 485
28, 418
28, 728

6.299
7.633
8.786
15.730

33, 420
35, 059
31, 570
35, 337

540, 874
576, 528
561, 199
604, 870

8, 538, 988
8, 736, 464
8, 277, 052
9, 328, 055

893, 152
809, 523
479, 166
365, 448

1, 168, 413
1, 168, 900
1, 190, 357
1, 237, 832

1918 monthly average
1919 monthly average
1920 monthlv average
1921 monthly average
1922 monthly average

136, 824
162, 386
161, 702
116, 822

38, 692
47, 527
54, 729
47, 885

15. 594
11. 331
9.812
20. 220

34, 673
33, 992
31,553
26, 685

639, 359
688, 921
654, 165
393, 007

8, 994, 416
8, 552, 397
8, 093, 752
6, 870, 462

371, 168
672, 015
548, 984
364, 467

135, 470
61, 235
8,325
587

42, 958
41, 624
46, 938
42,007

23. 227
19. 294
12. 467
12. 735

33, 002
32, 310
33, 582
30, 602

413, 532
453, 605
497,904
459, 022

8, 369, 087
7, 531, 914
8, 470, 466
7, 511, 408

962, 574
836, 921
864, 541
1, 147, 089

154
144

39, 681
30, 796

11. 643
6.492

33, 042

541, 501

8, 891, 803

781, 118
1, 032, 268

1927
January
February
March
April

_

May
June _
July
August

.

_.

September __
October
November
December _

1, 570, 595

421, 699

2, 081, 695

1, 371, 003

372, 758

1, 844, 462

1, 376, 271

335, 198

1, 806, 747

1, 519, 935

300, 543

1, 922, 743

1928
January
February
March
April. __

May
June.
July
August

..

__

1, 504, 918

383, 943

1, 998, 145

1, 280, 768

346, 500

1, 734, 378

1, 312, 000

_ __ _

September
October
November
December

'
j

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 monthly 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 average for the years
and 1916 the data were collected semiannually in March and September, the quarterly collection commencing with December, 1916. Therefore the average for the years
19135through 1915 are semiannual, while for 1916 three quarters are averaged, and thereafter four quarters.
Compiled by the U. S. Department ol Labor, Bureau ol Labor Statistics, representing average sales of leaf tobacco from all Kentucky warehouses.
6 Figures of consumption of tobacco products from U. S. Treasury Department, Bureau ol 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.




101

SHIP
CLEARANCES 1

VESSEL
LOSSES 2
(quarterly)

Completed
during
month 3

Vessels in foreign
trade
YEAR AND
MONTH

Lost
Amer- Foreign
ican

Abandoned

Total

Total

Thousands of net
tons s

31, 075

1,250
1,000
1,340
1,537
1,666
1,563
2,083

3,333
3,017
2,826
2,895
2,467
2,184
2,189

4,483
4,017
4,166
4,433
4,133
3,748
4,271

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_
1921 mo. av.
1922 mo. av.
1923 mo. av.
1924 mo. av.
1925 mo. av.
1926 mo. av.
1927 mo. av_

2,836
2,507
2, 639
2,329
2,503
2,329
2,378
2,483

2,816
2,704
2,756
3,228
3,232
3,525
4,209
3,804

5,653
5,211
5,395
5,556
5,735
5,854
6,587
6,287

62, 090
48, 291
28,842
31, 216
31, 772
21, 527
23, 051
25,862

8,556
15, 272
34, 173
171,683
168, 445
35, 845
86,228
80, 183

1927
January
February _ _
March .
April

1,818
1,735
1,882
2,618

3,335
3,011
3,265
3,542

5,153
4,746
5,147
6,160

May
June
July...
August

2,632
2,575
2,643
2,916

3,616
4,260
4,493
4,634

6,248
6,835
7,142
7,550

September _
October
November.
December __

2,712
2,939
3,261
2,057

4,520
4,035
3,697
3,239

7,232
6,974
6,957
5,296

1928
January
February __
March
April

1,865
1,877
1,895
2,090

3,298
3,158
3,686
3,447

5,163
5,035
5,581
5,537

2,837
2,847

3,159
4,524

5,996
7,371

September.
October
November
December

37,033 261, 720

16, 146

26,593

21, 674

16, 442

28,594

15,976

30,709

148, 017

40,563

22,594

Under
construction 3

Aliens &

United States
citizens fi

Passports
issued 8
Under con- Charter
struction, rates Immi- Emi- Arrivals Departures
end of
world grants grants
month
routes
7
()
Thous. No. of Thous. No. of Thous. Rel. to
Number
Number of people
of gross ships of gross ships of gross 1911-13
av.
tons s
tons 8
tons s

28, 846
26, 354
9,548
27, 094
50, 895
155, 110
294, 849

1,236

238,394 208, 557
115, 569 102, 157
28,246 13,239
24, 099
9,774
17,507
10,854
17, 595
11,068
19,006
13, 574
29,946 23,109

1,188
546
231
197
173
186
259
241

18, 836
46, 225
86, 192
226, 773
354, 845

World (quarterly) 4

IMMIGRATION AND EMIGRATION

Steel
Merseachant Launched
going vessels

Gross tons 8

1913 mo. av.
1914 mo. av.
1915 mo. av_
19 1G mo. av.
1917 mo. av_
1918 mo. av.
1919 mo. av.

May.
June _
July. __.
August

SHIP CONSTRUCTION

FREIGHT
SIATES

Table 79.—OCEAN TRANSPORTATION

6,396
19, 374
41,869
42, 752

1,208
15,532
26,847
33,631

313
310
288
235

40, 030
56,075
25, 184
24,352

31, 661
48, 174
19, 141
21, 145

235
219
219
216

31, 510
9,290
26, 657
35,867

23, 303
3,364
22,554
30, 742

216
241
194
204

9,294
20,787
12,990
9,880

2,888
15, 218
5,907
1,488

214
207
232
252

18,428
10, 719

12,604
4,458

259
264

384

440 1,466
344 1,085
617
213
410
163
505
218
641
201
409
140
182
556

272
160
114
108
106
99
102
107

757
745
625
497
668

2,556
2,546
2,261
1,941
2,901

118

289

645

2,570

112

196

578

671

2,841

107

190

535

663

3,074

104

223

823

683

3,119

103

188

654

652

667

2,893

2,660

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

59,047 21, 810
46,992 20,498
31, 764 9,664
62, 587
5,884
29, 564 7,510
24, 227
6,807
28,025 6,098
26, 990 5,844

17, 038
19, 272
24, 296
23,020
26, 839
30, 550
31, 515
34, 374

21, 102
23, 340
24, 209
21, 728
25, 137
28,569
30, 645
33,832

13, 374
11, 474
11, 463
10, 521
12, 198
14, 342
14, 669
15,203

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
24,000
23,420
28,418

6,148
3,133
9,230
6,322

26, 238
25, 736
29, 935
57, 701

28,849
51, 379
65, 686
43,039

32,863
27, 813
14, 831
10, 269

31,000
31, 719
27, 758
22,350

7,625
6,402
5,871
9,085

75, 557
50, 254
24, 325
18, 922

39, 748
24,396
22, 612
25,209

8,474
8,063
8,596
8,387

18, 146
20,888
26,270
30,709

6,323
4,708
4,931
4,515

19,909
31, 941
34, 217
32, 586

27,126
34, 810
29,422
29, 506

8,896
8,971
17, 334
27, 098

26,158

100

833
713
300
422
735
1,362
1,786

438
330
186
241
278
467
621

6,240

28,407

34, 993

37, 648
29, 674

115, 610
57, 375
21, 557
29,647
12, 747
9,660
20, 613

I " '

1 Tonnage of vessels cleared in foreign trade from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
2
Vessels lost and abandoned, representing all classes of American vessels, from U. S. Department of Commerce, Bureau of Navigation, given for quarter ending in month
stated, yearly figures representing quarterly averages. Scrapped vessels are included under abandoned vessels.
3
From the U. S. Department of Commerce, Bureau of Navigation. The total completed includes ocean-going, lake, and river vessels built and officially numbered,
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.
4
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.
fi Compiled by the U. S. Department of Labor, Bureau of Immigration: Aliens admitted and departed include complete legal immigration and emigration but not nonimmigrants.
e 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.
8
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.




102

Table 80.—RIVER AND CANAL CARGO TRAFFIC
CANALS

EIVERS

Panama i
YEAR AND
MONTH

New
In Sault York Cape
In
WeiSte.
Amer- Brit- Marie 2 State Cod ^ Suez s land e
3
Total ican ish
()
ves- vessels

av
av
av
av
av
av
av
av

407
258
588
628
576
781

182
71
123
175
230
379

1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 mo.

av
av
av
av
av
av
av

962
1,143
2,096
2,158
1,975
2,299
2,425

1937
May
June
July_ _ .
August

()

sels

Short
tons

Thousands of
short tons

Thousands of long
tons

1913 mo.
1914 mo.
1915 mo.
1916 mo.
1917 mo.
1918 mo.
1919 mo.
1920 mo.

St.

Law-

rence 6

Mississippi
(Govt.- Monon- Alleowned gahela 9 gheny 9
barges)
7

Thous.
of met.
tons

Ohio by districts "
(quarterly)

Ohio
(Pittsburgh

to
Pitts- Hunt- CinWheel- Total burgh ing- cin- Louising) 8 |
ton nati ville

Short tons

Thousands of short tons

183
131
283
218
156
236

9,965
6,921
8,911
11, 486
11, 227
10, 710
8, 529
9,910

372
297
265
232
185
166
177
203

134, 107
99, 411
153, 140
216, 402
158, 600

1,164
1,421

370, 105

388, 429

8,731
13, 392

432
546
1,327
1,222
1,056
1,238
1, 279

310
338
447
529
498
553
565

6,032
8,259
11, 203
9,140
10, 234
10, 960
10, 419

208
264
312
254
335
339
369

114, 406 1, 459
103, 226 1,780
115, 788 1,898
70, 242 2,122
50, 733 2,215
65, 110 2,117
68, 681 2,467

422, 208
464, 809
531, 260
682, 534
805, 133
744, 931
821, 307

518, 795
597, 653
641. 944
759, 067
851, 407
874, 814
989, 119

30, 939
49, S41
59, 203
70, 792
75, 896
87, 054
111,381

1, 144, 652
1, 787, 388
1, 733, 135
1, 840, 193
2,039, 110
2, 041, 081

247, 189
270, 053
252, 667
292, 871
209, 100
295, 570

2,380
2,229
2, 450
2,430

1,308
1,318
1,341
1,390

550
432
524
514

12, 573
12, 614
11, 660
11, 721

285
381
292
390

60, 482
84, 062
65, 849
58, 685

2,410 1, 040, 748 1, 094, 346
2,298 991, 787 1, 211, 603
2, 548 752, 831 898, 273
2,477 1, Oil, 771 1, 128, 517

99, 608
94, 092
96, 643
122, 300

1, 806, 081
1, 851, 453
1, 990, 824
2, 132, 449

195, 792 696, 722
260, 612 817, 446 5,067
316, 859 951, 562
333, 279 1,007,373

September _
OctoberNovember
December..

2,398
2,718
2,489
2,574

1,257
1,396
1,113
1,099

594
714
743
762

10, 791 357
67, 873
11, 231 381 89, 030
6,898 327 101, 206
1,169 None. 98, 426

2,389 1, 090, 647 1, 178, 199
2,402 1, 130, 277 1, 198, 952
2,546 853, 845 908, 199
2,504
53, 793
53, 883

89, 396
104, 923
114, 541
114, 063

2, 181, 251
2, 132, 076
2, 020, 004
1, 965, 934

421, 985
444, 358
338, 975
176, 540

988, 412
894, 938
823, 910
685, 546

1928
January..
February
March
April _

2,372
2,660
2,429
2,474

1,019
1,121
1,101
1,154

698
872
682
716

None. None. 73, 093
None. None. 30, 575
None. None. 63, 371
124 105, 857
None.

2, 647
2,439
2,891

None.
None.
None.
56, 931

105, 521
125, 328
104, 535
112, 960

2, 327, 246
2, 056, 247
2, 103, 877
1, 764, 311

81, 585
80, 245
118,900
238, 970

517, 488
656, 435
680, 548
772, 624

2,490
2,140

1,162
1,097

726
537

9,298
12, 633

997, 484 1, 038, 485
1, 031, 051 1, 143, 735

118,000

2, 215, 732
2, 109, 892

344, 578
225, 960

954, 357
931, 641

May
JUDG
July
August

i
I
!

298, 766
538, 3SO
523, 497
588, 130
776, 813
801, 845

3,844
4,939
4, 962

1,912
2,476
2,397

1,116
1,265
1,321

134
138
150

2,272

1,305

166

772
1,060
1,094

!

September
October..November
Dpcernbpr

409
400

110, 136
120, 201
i

!

None.
None.
None.
52, 469

i

1,324
i

6,272

2,931

1,699

218 J 1, 424

4,945

2,385

1,281

139

1, 140

3,585

1,845

1,041

107

592

5,427

2,642

1,397

116

1,272

i

i

i

!
|

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. S. War Department, Engineer Corps. Monthly averages for each year are for eight months during which the canals are usually open—that is, the yearly totals are divided by eight in order to present a figure fairly comparable
with current monthly movements. Monthly data distributed by classes of commodities, covering the years 1913-1922, appeared in the March, 1923, issue (No. 19), pp.
48 and 49.
3
Traffic through New York State canals from New York State Superintendent of Public Works. About two-thirds of this traffic goes through the Erie Canal and onethird through the Champlain Canal. Monthly averages for each year are for the seven months during which the canals are usually open.
4
Compiled by the Boston, Cape Cod & New York Canal Co. through March, 1928, when the Federal Government took over the canal. Thereafter figures are from the
U. S. War Department, Engineer Corps. The average for 1916 is an average of nine months of operation. Monthly data from 1920 on ship tonnage (not comparable with
present figures) appeared in the September, 1923, issue (No. 25), pp. 55 and 56.
6
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 traffic, appeared in July, 1922, issue (No. 11), p. 45.
s 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 betv ,en 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 1926. Prior to that time data were made available semiannually, the distribution as between the first two
quarters of 1926 being partly estimated. The annual figures are quarterly averages.




103

Table 81.—RAILWAY, PULLMAN, AND EXPRESS OPERATIONS
PULLMAN VISITORS TO EXPRESS
NET
TOTAL NET
OPERATING RESULTS <
NAT. PARKS « EARNINGS 7
C0.»
OPER- OPER- OPERATING ATING ATING
CanEXP.i
INC.2
REV.a Freight carried ReUnited States 1
PasTotal Operada a
Imile
ceipts senAuto- oper- atTotal PasYEAR AND
Permoating ing
per
reve- sengers
Total
Total
MONTH
sons
gers
CanUnited Can- tonincarried nue carried
biles
reveoperat- Freight Passen- operatUnited States
ger
ada
States ada 3 mile Imile
nue come
ing
ing
REVENUES

Millions of tons

Thousands of dollars

1913 m . a _ $255, 139 $176, 916 $57, 548
241, 608 165, 943 54, 230
1914m. a
1915m. a. 256, 630 178, 804 53, 798
1916m. a. 302, 104 214, 784 58,980
1917 m.a_ 337, 539 236, 177 68,935
1918 m. a_
1919m. a.
1920 m. a.
1921 m. a.
1922 m. a.

Cents

Millions

Thous. Thouof dolls. sands

0.719
.723
.722
.707
.715

2,823
2,881
3,649
2,882
3,290

$3, 445
3,284
3,483
3,684
4,311

Number

No. of
cars

Thousands of
dollars

68, 887
74, 966
81, 812

7,230
9,548
10, 025

$12, 613 $2,092
16,306 3,615
15, 640
260
116
13, 006

2,072
2,182
2,021
2,326
2,691

$181, 732
173, 916
171, 926
198, 031
238, 184

$59, 900
53, 451
70,002
87, 265
81, 232

$6,224
5,342
4,343
6,915
7,323

34, 939

1,919
1,839
1,472
2, 350
2.599

334, 767
368, 287
485, 861
383, 651
371, 397

57, 759
43, 034
4,846
51, 329
64,748

4,689
2,651
420
3,034
3,896

36, 410
33, 034
37, 445
28, 731
31, 320

2,586
2,246
2,605
2,199
2,202

.849
.973
1.052
1.275
1.182

3,556
3,863
3,904
3,111
2,877

4,164
5,756
6,012
5,370
5,465

2,397
3,112
3,271
2,600
2,646

410, 549
432, 005
518, 785
464, 429
468, 291

288, 183
296, 410
360, 304
327, 328
334, 076

1923 m. a. 529, 118
1924 m. a. 498, 963
1925 m. a. 515, 553
1926 in. a. 538, 619
1927 m. a. 517, 075

385, 465
362, 412
379, 424
401, 610
387, 214

95, 636 $37, 199
89, 724 39,844
87, 994 35, 967
86, 993 38, 315
81, 361 41,222

412, 081
379, 970
381, 946
393, 940
385,454

81,911
82, 229
94, 987
102, 698
90,345

4,138
5,829
5,280
7,583
8,677

38, 133
35,803
38, 010
40, 725
39, 555

2,602
2, 862
2,454
2,715
2,887

1.115
1.115
1.097
1.082
1.080

3,167
3,010
2,996
2,958
2,797

6,048
6,063
6,683
6,820
6,746

2,854
2,841
2,961
3,006
2,933

113,062 12, 452
132, 874 16. 002
138, 910 16,766
147, 851 26, 030
164, 697 31, 125

13, 441
12,909
12, 829
12, 873
12,756

105
91
101
99
93

1926
Sept
Oct
Nov
Dec

591, 240
610. 385
562, 256
527, 694

444,973
472, 389
433, 488
384,864

92,736
82, 167
77, 380
89, 722

44, 830
50, 782
49, 270
43, 265

398, 762
415, 892
403,586
408,841

145, 763
146, 358
114, 941
80, 130

12, 499
17, 397
15, 539
8,196

44,346
48,296
43, 360
40, 116

3,144
4,275
4,428
3,365

1.091
1.072
1.078
1.047

3,248
2,796
2,602
2,943

7,646
6,778
6,018
6,437

3,399
2,997
2,684
2,889

212, 387 50,383
55,543 15, 620
33,088 3,658
31,302 1,744

13, 167
13,203
12, 910
13,554

126
146
134
37

1927
Jan_
Feb
Mar.
Apr .

487, 587
469, 565
531, 617
498, 927

358,104
354, 077
406, 578
371, 571

85, 971
74, 259
76, 679
77, 372

35,906
33, 015
40, 359
38,500

387, 990
361, 844
395, 735
384, 958

61,415
69, 516
94, 607
73, 508

4,225
4,009
8,338
5,838

39, 233
37, 259
41,817
37, 111

2,836
2,436
2,775
2,506

1.026
1.056
1.078
1.106

2,834
2,472
2,544
2,583

7,086
6,180
6,458
6,329

2,988
2,583
2,738
2,775

6,359
6,187
6,887
8,508

12,541
12, 403
12,964
12, 937

88
98
107
90

May
June
July
Aug

519, 572
517, 029
509, 380
557, 436

391, 299
381, 975
369, 985
415, 179

78, 580
85, 956
91, 633
91, 691

39, 246
38, 809
40, 021
42, 457

391, 552
388, 025
383, 717
393, 294

86, 012
87.364
84, 383
118, 226

5,442
3,492
5,238
8,236

40, 113
38, 483
38, 380
41, 973

2,456
2,157
2,186
2,134

1.079
1.094
1.071
1.086

2,723
3,026
3,345
3,327

6,419
7,129
7,379
7,528

2,780
3,096
3,234
3,428

140, 716 28, 477
263, 268 54,821
542, 544 113, 626
492, 016 98, 449

12, 671
12, 648
12, 441
12, 486

87
91
70
83

Sept
Oct.
Nov
Dec

565,091
580, 498
503, 820
467, 598

426, 752
452, 608
385, 760
334, 742

86, 293
75, 201
70,885
81, 990

42, 322
49, 295
49, 603
44, 435

386, 388
399, 504
376, 876
377, 800

132, 770
133, 776
86, 424
55, 334

9,633
15, 022
14, 098
7,384

42, 954
45, 562
37, 228
34,580

2,454
4,238
4,786
3,836

1.091
1.086
1.122
1.064

3,066
2,612
2,416
2,711

7,625
6,494
5,915
6,411

3,288
2,851
2,606
2,831

199, 336 29, 089
50, 101 12, 862
34, 736 4,305
3,925
26, 939

13, 025
12, 958
12, 822
13, 176

115
130
120
34

457, 426
456, 593
505, 185
474, 310

337, 382
346, 024
387, 739
355, 965

78, 483
69, 551
70, 466
70, 951

37, 702
38, 513
42, 495
39, 243

363, 384
348, 498
373, 305
363, 381

56, 634
70, 064
90, 774
70, 548

4,255
6,541
9,221
5,878

36, 271
35, 701
39, 467
35, 866

3,227
3,013
2,923
2,358

1.043
1.074
1.093
1,105

2,627
2,362
2,376
2,418

6,963
6,393
6,131
6,515

2,886
2,563
2,625
2,713

50, 591
57, 950
57, 732
71, 679

6,679
6,658
3, 194
12, 426

11,911
11, 913
12,409
12, 144

81
102
102
87

510,714

391,116

70, 302

43, 655

381, 836

88, 183

6,779

39, 250

3,047

6,313

2,614

125, 102
271, 621

23, 341
60, 324

1928
Jan
Feb

Mar
Apr
May
June
July.
Aug __

86, 056
98, 334
107, 285
96, 172
89, 686

51, 972
58,599
59, 597
56,543

Sept
Oct
Nov.
Dec
1
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.; Eocky 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. 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.




104

Number

1919 monthly av.
1920 monthly av.
1921 monthly av.
1922 monthly av.
1923 monthly av. 7 64, 757
1924 monthly av. 64, 962
1925 monthly av.
64, 371
1926 monthly av. 63, 171
1927 monthly av.
61, 778
1926
May
June__
July....
August

Tractive
power Number
(mills,
of Ibs.)

Steam Electric

Reported by
railroads i

In
In
R It. mfg.
Steam Elec- shops plants
tric

Reported by
manufacturers 3

Domestic
Total

Per
ct. of
total
in use

Domestic

Total

2,572
2,592
2,602
2,608

5, 559
17, 026
12, 204
11, 195
10, 819
9,318
8,852

7265
187
144
200
163

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

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

1927
January
February
March
April

62, 387
62, 334
62, 275
62,238

2,611
2,611
2,613
2,614

May __
June
July _
_.__
August..
__

62, 172
61,931
61, 765
61, 540

September
October
November
December
1928
January
February _
March
April

110
69
88
248
109
63
113
61

26
18
11
17
8
12
15
12

1,447
367
892
1,636
499
467
583
331

894
206
787
1,488
386
335
461
250

122
57
40
85
61
46
38
43

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

14.2
13.9
15.0
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

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

2,616
2,611
2,609
2,603

9,030
8,759
8,535
8,502

14.7
14.3
14.0
13.9

148
258
155
104

213
500
331
329

184
38
26
20

109
89
60
81

77
63
35
71

2,605
2,606
2,602
2,595

8,345
8,778
8, 961
8,257

13.6
14.4
14.8
13.6

177
195
149
135

262
345
366
378

6
8
17
149

127
112
52
72

60, 679
60, 598
60, 471
60, 373

_

224
130
117
281
129
101
146
90

61, 455
61, 305
61, 088
60, 784

__

7230
179
250
298
298

18
166
20
217
165
118
83
100
55

2,597
2,596
2,596
2,595

8,733
8,857
8,287
8,563

14.5
14.7
13.7
14.3

154
141
140
96

259
222
267
194

2
30
15
33

60, 284
60,095

2,595
2,591

8,421
8,006

14.1
13.4

139
95

228
284

52
7

6

SHIPMENTS,
ELECTRIC I
L0COMO- I
TIVES «
(quarterly)

Mining

Industrial

Number of locomotives

23.8
25.3
23.9
26.4
19.0
17.4
16.9
14.9
14.4

May
June
July..
August

UNFILLED ORDERS
(end of month)

EXPORTS *

In bad order

SHIPMENTS BY
MANUFACTURERS s

Steam

Total owned

NEW ORDERS 2

YEAR AND
MONTH

RETIRED i

ON RAILROAD LINES 1
(end of month)

INSTALLED 1

Table 82.—LOCOMOTIVES

40
59
77
34

8846
351
236
430
164

80
143
84
31
22
27
30
23
19

46
53
36
26

92
84
123
67

520
562
394
466

15
15
20
44

386
286
391
297

24
20
27
14

100
72
57
53

343
262
287
276

12
18
5
17

412
403
392
334

334
314
301
255

23
29
55
42

56
44
34
30

262
232
210
187

41
9
47
15

15
18
18
6

434
400
399
363

380
333
299
244

34
31
57
68

40
37
36
36

251
200
173
171

10
22
16
11

86
81
31
41

7
12
13

271
182
145
232

167
97
74
178

49
45
42
39

32
27
18
13

102
53
51
80

8
19
5
25

47
59
70
46

22
43
44
38

23
11
15
6

222
204
178
188

161
146
123
129

38
40
57
41

22
23
20
25

151
148
117
112

13
6
26
16

41
51

29
39

10
11

220
201

138
109

39
37

30
30

83
90

5
15

8 13

f

6318
« 143
» 172
6218
203

8

15
823

916

• is :
18

1
198

9 i

204

16

304

26

272

11

209

24

1

!
i

177

16

154

19

123

10

98

13

_

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 Service
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 and annual averages prior to 1919 in the August, 1927, issue (No. 72), p. 99.
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
10 months' average, March to December, inclusive.
7
8 months' average, May to December, inclusive.
8
4 months' average, September to December, inclusive.
»Quarterly average,




105

Table 83.—FREIGHT-CAR MOVEMENT
SURPLUS i

SHORTAGE 1

LOADINGS 2
Grain

YEAR AND
MONTH

Box
cars

Coal
cars

Total
cars a

Box
cars

Coal
cars

Total
cars 3

and

grain
products

Livestock

Coal

Mer-

coke

Forest
products

Ore

and

chandise and
1. c. 1.

Miscellaneous

Total

Number of cars
6,437

1917 mo.
1918 mo
1919 mo.
1920 mo.
1921 mo.
1922 mo.

av
av
av
av
av
av

29, 251
82, 135
15, 985
127, 982
47, 675

1923
1924
1925
1926
1927

av
av
av
av
av

mo.
mo.
mo.
mo.
mo.

1926
January
February
March
April

25, 868
444
15, 852

112, 934
52, 360
24, 174
82, 057
1,896
51, 579

169, 393
153, 585
191, 065
204, 397

142, 939
129, 452
124, 744
135, 508

747, 394
894, 180
691, 016
655, 962

247, 322
254, 861
207, 314
243, 001

161, 868
200, 853
75, 592
132, 524

751, 043
917, 508
985, 495

1, 375, 951
1, 069, 692
1, 243, 743

3, 716, 007
3, 486, 045
3, 759, 873
3, 276, 930
3, 600, 630

10, 566
384
90
96
1

13, 527
487
112
196
105

27, 873
1,046
440
334
142

189, 642
214, 223
192, 144
280, 280
199, 129

147, 375
146, 087
136, 301
128, 971

851, 753
754, 650
798, 560
884, 598
818, 989

312, 074
305, 594
311, 402
304, 533
285, 057

195, 143
139, 881
167, 637
181, 595
156, 802

1, 013, 754
1, 043, 344
1, 099, 383
1, 109, 232
1, 110, 682

1, 441, 270
1, 440, 757
1, 567, 753
1, 614, 981
1, 612, 979

4, 151, 101
4, 044, 536
4, 268, 679
4, 424, 902
4, 309, 525

10
83

170
15

None.
None.

None.
8

218
197
13
12

188, 375
171, 064
159, 249
187, 589

133, 917
112, 925
113, 498
135, 275

821, 641
770, 225
783, 393
883, 334

267, 836
299, 306
307, 889
378, 461

39, 515
40, 786
42, 177
75, 210

978, 073
989, 137
1, 061, 040
1, 317, 862

1, 257, 339
1, 293, 889
1, 410, 151
1, 813, 275

3, 686, 696
3, 677, 332
3, 877, 397
4, 791, 006

None.

None.

110, 950
107, 485
133, 978
117, 045

720, 312
732, 557
936, 363
808, 083

306, 817
296, 976
336, 137
282, 956

221, 205
270, 652
363, 938
310, 404

1, 065, 149

68
404

1, 561, 533
1, 512, 700
1, 917, 589
1, 606, 325

4, 145, 820
4, 089, 340
5, 213, 759
4, 388, 118

1, 710, 172
1, 525, 239
1, 514, 448

4, 523, 112
5, 967, 576
4, 248, 272
4, 490, 391

65, 901
28, 964
18, 991
42, 315
1,146
26, 653

33, 635
88, 482
103, 747
104, 770
138, 184

23, 367
110, 572
96, 843
61, 656
85, 194

69, 659
229, 908
241, 289
205, 915
265, 159

113, 860
87, 389
95, 478
118, 419

92, 040
74, 151
104, 280
115, 205

250, 935
207, 683
246, 549
276, 573

135,233

_

75, 605
1,981
154, 499
90, 897

23, 592
68, 680
189, 396
24, 194
339, 026
164, 500

4,200

133,015

May
June
July
August

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

48
114

None.

None.

None.

159, 854
157, 258
273, 768
222, 549

September
October
November
December

62, 202
45, 148
98, 794
166, 532

27, 519
12, 106
12, 521
61, 181

114, 730

403
460
25

100
1,360
516
18

542
1,945
579
28

196, 316
259, 260
174, 747
213, 332

147, 100 845, 152
200, 243 1, 193, 973
138, 314 991, 566
145, 454 1, 128, 579

282, 182
361, 092
262, 014
272, 733

300, 786
338, 332
128, 314
47, 822

1, 041, 404
1, 357, 562
1, 028, 078
1, 168, 023

1937
January
February
March
April

148, 742
141, 589
131, 844
137, 432

83, 252
68, 417
90, 075

85
85
466
1

164
125
538
19

178, 988
173, 630
195, 305
148, 524

129, 321 939, 677
110, 747 902, 257
136, 276 1, 082, 226
110, 340 663, 092

257, 374
275, 585
352, 611
273, 757

37, 845
42, 753
54, 599
101, 893

965, 485
990, 574
1, 315, 174
1, 047, 971

1, 247, 970
1, 306, 372
1, 846, 356
1, 530, 012

3, 756, 660
3, 801, 918
4, 982, 547
3, 875, 589

133, 345
147, 831
154, 437
123, 901

78, 148
81, 330
76, 554
63, 204

256, 448
274, 223
273, 275

10

June
July
August

158, 954
201, 025
229, 524
219, 898

115, 383
134, 677
128, 226
112, 323

689, 313
807, 031
770, 272
735, 389

284, 106
338, 451
320, 847

239, 532
323, 708
317, 924

275,251

248,462

1, 050, 276
1, 261, 929
1, 250, 761
1, 042, 893

1, 570, 908
1, 928, 993
1, 917, 843
1, 615, 143

4, 108, 472
4, 995, 854
4, 935, 397
4, 249, 359

September
October
November
December

74, 126
82, 411
158, 304
224, 247

34, 805
61, 455
148, 860

135, 059
168, 829
352, 168

225, 581
243, 550
76, 267
40, 682

1, 039, 460

1, 702, 084
2, 187, 746
1, 456, 681
1, 460, 673

4, 360, 022

183,638

270, 322
336, 527
244, 210
259, 598

1938
January
February
March
April

182, 001
155, 554
125, 627
134, 069

233,368

143, 264
170, 606

114, 710

May

May
June
July
August

_.

62,588

81,011
144, 921
275, 260

259, 548
275, 153
.248, 477
259, 736

None.
2

None.
None.
8

1,011,712
1, 251, 986

1,040,756

2,257,114

None.
None.
None.
None.

None.
None.
None.

None.
None.

147

151

371
103

371
302

None.
None.

None.

238, 699
273, 675
182, 059

464,005

None.
None.
None.
None.

25

219,482

123, 354 760, 522
193, 753 1,004,056
134, 598 713, 254
869, 877
144, 519

169, 463
168, 172
171, 481
140, 091

403, 792
372, 916
344, 502
320, 762

None.
None.
None.
None.

4

None.
None.
None.

None.
None.
None.

187, 197
187, 045
237, 366
159, 131

127, 658
130, 005
143, 383
105, 146

752, 752
726, 259
869, 335
620, 985

270, 914
343, 780
257, 316

31, 737
31, 394
42, 859
41, 055

927, 299
974, 382
1, 299, 322
1, 040, 999

1, 187, 712
1, 269, 695
1, 513, 663

3, 447, 723
3, 589, 694
4, 752, 031
3, 738, 295

108,833

304, 152
336, 181

None.
None.

None.
None.

None.
None.

163, 113
172, 234

106, 860
125, 933

670, 821
773, 431

269, 769
300, 023

165, 201
327, 983

1, 046, 138
1, 260, 705

1, 584, 156
1, 932, 995

4, 006, 058
4, 923, 304

214,985

3

1,348,614
1, 015, 551
1, 177, 774

1,816,086

5,587,921
3, 822, 620
4, 172, 605

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. From 1923 through 1925, the five-week months
are January, May, August, and October. Beginning with 1926, the five-week months are April, July, October, and December.
3
Includes other classes than groups listed.




106
Table 84.—RAILWAY CAR SUPPLY
FREIGHT CARS

HOTELS

PASSENGER CARS

0)
Shipments by
mfrs.3

In railroad hands,
end of month *
New
orders2

YEAR AND MONTH

Number

av
av__
av__
av
av__

I>
°"
mcstic

Total

P. ct.
Capacity
(millions Number total
in use
oflbs.)

mTf?s.

In
R. R.

shops

Shipments UnIn rail3
road New by mfrs.
filled
hands, ororders,
end of ders2
end of
DoquarTo- mes- quartal
ten
ter i
tic

5.9
7.0
7.3
13.9
13.3

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

2, 323, 087
2, 354, 955
2, 345, 482
2, 329, 170

204, 316
209, 935
211, 257
211, 784

185, 343
188, 012
183, 725
154, 983
138, 490

8.0
8.2
7.9
6.7
6.1

7,873
11, 899
6,527
4,690
4,913

12, 233
6,850
6,447
6,675
4,524

12, 069
6,718
6,124
6,471
4,460

48, 033
34, 757
30, 055
19, 836

44, 548
27, 924
22, 810
13, 363

3,482
6,833
7,245
6,471

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
7.2
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

January
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

May
June
July
August

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

September
October
November
December

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

May
June
July
August

2, 333, 098
2, 332, 728
2, 330, 042
2, 328, 328

211, 875
212, 001
211,917
211, 935

147, 449
141, 433
145, 590
141, 038

6.5
6.2
6.3
6.2

4,378
7,566
1,459
1,066

6,202
5,935
5,544
5,317

6,182
5,584
5,528
5,270

23,666
21, 956
18,303
18,096

15, 122
14, 678
12, 385
13, 545

8,544
7,278
5,918
4,541

September
October
November
December

2,326,616
2, 325, 027
2, 322, 179
2, 313, 375

211, 970
212, 027
211, 985
210, 923

137, 571
139, 441
137, 795
130, 493

6.0
6.1
6.1
5.8

40
326
14
14, 114

4,397
4,320
3,780
2,545

4,393
4,101
3,754
2,536

14, 437
10,901
9,721
12, 431

10, 799
6,991
6,424
9,341

3,638
3,910
3,297
3,090

January .. _
February
March _
April

2, 309, 577
2, 306, 816
2, 303, 688
2, 301, 602

210, 649
210, 471
210, 312
210, 234

136, 115
138, 870
139, 698
149, 869

6.0
6.2
6.2
6.7

2,098
5,876
4,029
5,683

774
444
3,332
4,567

576
444
3,281
4,324

18, 464
19, 748
22, 233
19, 325

15, 459
17, 603
20,648
17,589

3,005
2,145
1,585
1,736

May
June
July
August

2, 300, 241
2, 300, 595

210, 240
210, 389

151, 359
145, 210

6.7
6.5

2,354
2,286

5,908

5,854

17, 847
12, 446

14, 168
9,316

3,679
3,130

(5)

Ratio of Ratio of
space
r'ms occuoccupied

pied

Per cent
of total

Number of cars

142, 790
168, 973
166, 779
318, 880
302, 456

av
av
av
av
av

1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly

Tnfa!
lotal

In bad order

Total

1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly

Unfilled orders,
end of month 1

WAREHOUSES

24
148
20
198

70
19
34
75
59

63
11
23
71
46

6218
1,121

54, 324
54, 658
54, 458
54, 166
53, 856

184
213
135
110
100

138
93
76
186
118

135
88
73
178
115

1,270
815
830
1.000
784

54, 552

37
134
87
547

67
66
56
126

58
66
56
126

901

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
69
36

52
147
119
152

52
147
119
146

19
18
12
150

201
119
166
174

201
119
164
174

615
82
45
142

78
74
80
51

68
72
50
34

153
57

23

18

1925
September
October
November
December

54,034

1,146

1926
54, 167

53, 938

54, 314

54, 245

1,206

I
1,298

766

730

76
74
67

1927
January
February
March
April

.

53, 999

53,995

53,936

53,495

1,013

1,051

71
72
68
72
70
65

709

364

72
73
66

1928

September
October
November
December

53,409

1,036

72
71
68
73

67.6
68.7
69.9
69.8

69
64

69.1

_ ._

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. Annual figures for passenger cars in railroad hands and on unfilled order are quarterly averages.
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 ]913
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.
* Compiled by Horwarth & Horwarth from reports of over 100 hotels, both transient and resident, throughout the country. Details by cities are shown in their monthly
reports.
5
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of over 600 public-merchandise warehouses, excluding cold-storage and household
goods. Further details are presented by States in monthly press releases.
6
Average of 2 periods, June 30 and Sept. 30 (no report made for Dec. 31).




107
Table 85.—PUBLIC UTILITIES
TELEPHONE
COMPANIES i

YEAR,
AND

MONTH

Total
operating
revenues

Net
operating
income

TELEGRAPH
COMPANIES i
TeleCom- graph
and
mercial
cable
opertelegraph ating
revetoils
nues

GAS AND
ELECTRIC
COMPANIES 2

Gross
earnings

Net
earnings

Gross
revenue

By
By
water
power fuels

Total

Thousands of dollars
1913
1914
1915
1916
1917

m.a $13, 132
m.a
13, 722
m.a. 14, 527
m.a_ 16, 452
m.a_ 18, 700

$3, 710
3,709
4,139
4,785
4,700

$5, 898

$7, 674

Passen- Average
gers
carried 6 lares '

In
In mfte.
By Excentral pl'ts, Total water port212 com- 273
sta- street
power ed
panies cities
tions rys.,
etc.
Thous.of Cents
persons

Millions of kilowatt-hours

$1, 711

$52, 493
54, 315
56, 668
63, 039
70, 416

$21, 431
22, 325
23, 512
26, 051
25, 704

!!
\

$26, 017
28, 007
30, 100
35, 458
44, 925

1918
1919
1920
1921
1922

m.a.
m.a.
m.a.
m.a.
m.a.

20, 225
24,635
30, 320
36, 265
40,204

4,649
5,104
5,415
7,573
8,882

6,287
7,596
9,113
8,043
8,435

8,477
10, 095
11, 698
10, 371
10, 608

1,282
1,636
1,438
1,265
1,697

78, 725
90, 162
108, 871
112, 690
119, 601

24, 387
26, 157
28, 949
32, 884
37, 238

55, 442
60, 083
73,575
81, 066
90, 825

s 3, 144
3,630
3,415
3,971

1923
1924
1925
192G
1927

m.a.
m.a.
m.a.
m.a.
m.a.

44, 106
48, 412
54, 313
60, 483
65, 226

10, 015
10, 555
12, 988
14, 560
15, 567

9,027
9,085
10, 245
10, 829
10, 625

11, 153
11,210
12, 598
13, 372
13, 191

1,583
1,548
1,796
1,765
1,792

132, 711
140, 939
152, 260
166, 285
176, 430

42, 466
45, 511
52, 685
59, 596
64, 566

105, 796
112, 969
122, 365
136, 925
147, 900

4,639
4,918
5,489
6,149
6,684

1927
May
June
July
Aug

65, 748
65, 970
64, 573
65, 758

16, 130
16, 372
14, 232
14, 972

10, 697
10, 850
10, 104
11, 241

13, 321
13, 416
12, 656
13, 894

1,864
1,928
1,417
2,000

171, 256
167, 975
161, 638
162, 647

61, 195
59, 167
53,980
53, 551

138, 800
138, 700
134, 300
135, 600

Sept
Oct
Nov
Dec

66, 529
65, 233
65, 193
67, 089

16, 322
16, 445
16, 006
10, 935

11, 172
10, 979
10,238
11,016

13, 822
13, 648
12, 713
13, 747

2,085
2,009
1,622
1,654

169, 414
177, 734
182, 077
194, 985

61, 897
65, 260
70, 214
78, 937

1928
Jan
Feb
Mar
Apr

66, 026
64, 567
68, 120
67, 337

16, 783
15, 648
17, 335
17, 386

9,956
9,785
10, 904
10, 569

12, 467
12, 201
13, 573
13, 205

1,137
1,228
2,009
1,805

196, 573
187, 383
187, 717
182, 000

69, 277

17, 448

11,333

14,162

2,258

177, 000

May
June
July...
Aug

Canada 5

United States *

i

Operating
income

ELECTRIC
RAILWAYS

ELECTRIC POWER PRODUCTION

ELECTRIC
POWER
SALES s

8209 8 1, 935
1,346 2,284
1,248 2,167
2,537
1,434

3,334
3,129
3,650

295
286
321

1,612
1,664
1,863
2,182
2,489

3,027
3,254
3,626
3,967
4,194

4,297
4,569
5,118
5,732
6,229

342
349
371
417
454

824
994
1,183

811
980
1,166

6,600
6, 493
6, 477
6,693

2,674
2,531
2,428
2,411

3,926
3,962
4,049
4,282

6,129
6,044
6,025
6,233

471
449
452
460

1,116
1,108
1,104
1,229

144, 400
150, 800
158, 200
165, 100

6,605
6,932
6,876
7,211

2,201
2,390
2,509
2,729

4,404
4,542
4,367
4,482

6,166
6,482
6,407
6,750

439
450
469
461

79, 013
74, 294
72, 766
70,000

172, 400
162, 300
157, 300
153, 400

7,265
6,871
7,246
6,853

2,739
2, 585
2,860
2,949

4,526
4,287
4,386
3,904

6,667
6,403
6,767
6,425

598
468
479
428

66, 850

149, 100

7,121

3,179

3,942

6,713

408

7.354

107
126
136

784, 893
784, 896
792, 790
782, 860

7.296
7.420
7.569
7.706
7.915

1,102
1,095
1,090
1,214

125
139
138
157

802, 172
768, 968
733, 470
745, 769

7.871
7.919
7.944
7.952

1,197
1,309
1,311
1,362

1,181
1,290
1,289
1,339

154
143
129
131

728, 371
790, 712
771, 443
830, 930

7.952
7. 985
7. 999
8.018

1,318
1,274
1,333
1,263

1,298
1,256
1,315
1,246

124
123
136
122

814, 172
769, 974
820, 733
771, 816

8.025
8.032
8.034
8.034

797, 279

8. 050

i

Sept
Oct
Nov
Dec
i 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.
» Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 95 public-utility companies or systems operating gas, electric light, heat, power,
traction, and water services and comprising practically all of the important organizations in the United States, exclusive of telephone and telegraph companies. While
the above figures are not complete they are believed to represent typical conditions within the public-utility field. Gross earnings consist, in general, of gross operating
revenues while net earnings in general represent the gross less operating expenses and taxes, or the nearest comparable figures. In some cases the figures for earlier years
do not cover exactly the same subsidiaries, owing to acquisitions, consolidations, etc., but those differences are not believed to be great in the aggregate. Monthly data
from3 1920 appeared mthe December, 1927, issue (No. 76), p. 48.
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 production of power. 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
Compiled by the U. S. Department of the Interior, Geological Survey. Production in central stations up to March, 1928, 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 June, 1928, issue of the SURVEY (No. 82), p. 22, while for the other
items details appeared in the March, 1925, issue (No. 43), p. 28. Beginning with March, 1928, this segregation has been carried on by the Geological Survey. Monthly data
from 1919 on total production and segregation by water power and fuels appeared in the November, 1927, issue (No. 75), p. 26.
* Compiled by the Department of Trade and Commerce, Dominion Bureau of Statistics, covering all the large central electric stations in Canada, which in 1925 produced
98 per cent of all stations in Canada. These data do not include the output of pulp and paper mills and other plants generating electricity only for their own use. Monthlydata8 from 1925, including data on electric power generated by fuels, appeared in the April, 1928, issue (No. 80), p. 22.
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.
7
Compiled by the American Electric Railway Association, representing the average cash fare paid in 272 cities of over 25,000 population, as of the end of each month.
8
6 months' average, January, May, June, August, November, and December missing.




108

Table 86.—EMPLOYMENT—INDUSTRIAL, RAILWAY, MINING, AND FEDERAL
1 ANTHRARAILWAYS zj CITE MINES3

INDUSTRIAL i

YEAR AND
MONTH

Total
12
groups

Food
and
kindred
products

Textiles
and
their
products

Iron
and
steel
and
their
products

Lumber
and
its
manufacture

Leather and
its finished
products

Paper
and
printing

Chemicals
and
other
products

Stone,
clay,
and
glass
products

VehiNon- To- cles
fer- bacco for
rous man- land
met- jwfac- transals e ttire portation

MiseelEm- AverEmlane- ploy- age
ous ees on hour- ployinpay
ment
ly
dusroll wage
tries

Thousands

Relative to 1923

Dollars

Fay
roll

Relative to
1923-1925

U.S.
GOVT.
WASHINGTON
(civilian
employees) *

OMIO
CONSTRUCTION «

[Base year in bold-faced type]

Number

Rcl.
to!923

1914 mo.
1915 mo.
1916 mo.
1917 mo
1918 mo.

av
av _
av
av
av

? 94 9
97.0
110.4
115.0
114.0

1,647 $0. 276
1,733 .313
1,842 .463

47.6
60.8
90.6
102.6
88.0

1919
1920
1921
1922
1923

mo.
mo.
mo
mo.
mo.

av
av
av
av
av

108.2
109.9
85 1
88.4
100.0

106. 2 983.7 989.8
100.0 100.0 100.0

1,913
2,013
1,661
1,645
1,880

.557
.667
.665
.618
.615

106.2
67.2
106.9

98.5
58.0
104.3

8 99, 970 82.2
92, 237 104.3
80, 838 72.9
71, 061 78.3
66, 214 100.0

1924
1925
1926
1927

mo.
mo.
mo.
mo.

av
av
av
av

90.3
91.2
91.9
88.5

95.6
90.9
89.8
89.3

88.2
87.3
86.1
87.2

86.3
87.3
92.0
85.8

94.8
93.1
90.8
83.4

90.6
92.0
90.3
88.4

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

July
August

89.7
89.1
87.3
87.4

86.6
90.7
89.9
89.1

86.8
86.0
84.2
85.3

88.1
86.9
85.1
84.4

September
October
November
December

88.0
87.6
85.9
85.1

92.1
92.6
90.9
89.9

86.9
87.6
87.1
86.6

1938
January
February
March
April

84.2
85.5
86.1
85.7

86.9
87.9
87.4
85.6

85.5
85.6

85.8
87.0

1937
January
February
March
April
May
JllTlft

May
June
July.
August—
September
October
November
December

»98.4 s>95.1
100.0 100.0

9

992.6
100.0

i>96.3
100.0

100.0

100.2
100.8
103.6
103.7

91.6
94.2
98.4
95.1

96.7
97.6
99.7
94.2

92.7
96.7
97.5
90.5

94.0
92.0
85.6
84.0

88.6
91.0
91.2
82.8

87.8
91.6
96.8
96.3

1,777
1,769
1,806
1,761

.628
.634
.641
.654

113.7
79.5
101.2
117.9

117.0
78.7
104.6
105.2

64, 743
63, 703
60, 505
60, 047

107.3
111.5
106.6
101.7

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

119.6
119.2
114.3
115.5

112.4
105.9
91.3
93.0

59, 615
59, 502
69, 591
59, 772

83.5
88.2
86.1
90.1

83.8
84.0
83.7
84.5

85.5 102.8
85.2 102.4
88.2 101.8
91.0 102.4

94.3
90.3
89.4
90.0

98.9
99.0
94.4
94.8

93.5
90.7
89.5
90.0

82.4
84.6
84.6
78.5

86.9
85.1
82.3
83.0

100.2
98.7
94.2
92.6

1,793
1,821
1,823
1,796

.646
.639
.648
.646

119.0
118.7
116.9
117.1

120.1
126.6
86.3
90.5

59, 879 99.8
59,800 108.1
60, 433 122.0
60,413 127.7

84.0
82.6
80.6
79.7

85.1
84.5
83.0
79.8

91.3
89.4
84.6
82.9

103.4
104.2
105.1
105.4

93.8
92.6
91.7
90.4

95.0
93.4
93.0
88.8

88.9
87.9
86.5
86.0

87.8
89.8
89.1
84.5

81.7
80.9
76.8
77.5

91.4
90.8
89.7
90.4

1,788
1,784
1,729
1,660

.659
.655
.662
.666

118.7
119.8
116.6
119.7

112.0
109.4
116.2
98.1

60, 267 123.3
60, 236 110.4
60, 399 97.2
60, 660 84.0

86.0
87.1
86.4
83.7

79.2
81.5
82.8
83.3

77.0
77.0
78.3
79.3

86.3
87.7
87.1
82.9

103.8
103.3
102.4
101.4

89.9
93.6
100.1
99.9

83.4
84.0
87.0
89.1

83.5
86.8
88.4
90.2

78.1
81.4
82.2
80.0

79.2
82.7
85.0
86.4

89.1
87.7
86.8
87.1

1,614
1,608
1,626
1,659

.671
.679
.661
.663

120.2
113.6
107.7
112.3

98.7
96.0
88.5
86.1

81.5
81.0

84.3
84.4

79.3
80.2

80.8 101.7
80.6 101.5

87.8
86.1

92.4
93.1

90.2
89.7

80.9
81.6

89.0
89.1

86.9
87.1

115.9
114.9

122.1
93.4

991.5 995.4 984.7 996.1
100.0 100.0 100.0 100.0

(10)

60, 743
60, 999
61,049
61,311

76.1
72.9
85.3
98.3

61, 422 109.6
61,388 108.0

_

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
ndustries 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 excludes
the 8
officials included in total on pay roll. Monthly data from 1920 given in January, 1923, issue (No. 17), p. 51.
Compiled by the Federal Reserve Bank of Philadelphia from reports of operators to the Anthracite Bureau of Information relating to the first semimonthly Dav-roll Deriod
in each month.
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.
5
Compiled by the Ohio State University, Bureau of Business Research, based on reports from firms engaged in general contracting throughout 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 foremen, and part-time workers are reduced to a full-time basis for the week including the 15th of each month, which is used as the monthly index.
Monthly data from 1923, revising previous figures, are given on p. 138 of the present issue. The bureau also issues an index which eliminates seasonal variations.
6
Includes stamped and enameled ware and brass, bronze, and copper products.
7
Average for last 7 months of year, earlier data not available.
8
9 months' average, April to December, inclusive.
8
Average of last 6 months of the year.
10 Data for this group not available in 1922.




109
Table 87.—FACTORY EMPLOYMENT, BY STATES AND CITIES
[Base year in bold-faced type]
•
EMPLOYEES ON PAY ROLL

YEAR AND
MONTH

MasNew
New PennMarysachu- Yorks Jer- 4 syl- 4 Dela- land i
4
setts * State ; sey vania ware
Rel. to
1919-23

1914 mo. av_
1915 mo. av_
1916 mo. av
1917 mo. av
1918 mo. av.
1919 mo. av_
1920 mo. av.

109.2
106.4

Rel. to
1924

Relative to 1923

83.9
90.3
100.0
91.2
90.5
90.7
87.0

1OO
90
90
96
96

1OO
89
91
92
86

1OO
80
81
82
75

1S37
Jan
Feb
Mar
Apr

90.7
92.3
91.4
89.3

87.7
88.8
89.3
88.1

100
100
99
97

89
89
90
87

May
June
July
Aug

87.7
85.9
83.9
85.9

86.8
86.6
85.1
85.7

94
94
93
93

Sept
Oct
Nov
Dec

87.1
87.4
86.2
83.0

87.5
82.6
85.9
84.4

1928
Jan
Feb
Mar
Apr

82.3
83.3
82.1
80.4
75.4
73.6

av.
av.
av
av.
av.
av.
av.

May
June
July
Aug..
Sept
Oct
Nov
Dec

Illinois «

Wisconsin e

Detroit 7

Cleveland 9

Detroit 1

Milwaukee 10

New
York
State 3

Oklahoma 11

Number

Relative to 1923

67
74
96
104
107
104
109

1386 4
89.3
104.7
109.2
110.9
103.5
107.4

88.6
93.7
102.1
90.2
90.5
92.1
87.6

1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 mo.

Ohio 12 Iowa 8

12 478, 334
493, 995
579, 295
604, 192
613, 671
572, 959
594, 099

165, 641
4

100.0
100.2
103. 8
94.4

70
84
1OO
94
100
104
100

77.8
100.0
101.0
112.9
122.4
118.2

i 86. 5
90.6
1OO.O
91.6
88.7
91.7
86.3

100.0
95.1
99.3
99.5
94.8

80
81
79
76

100.6
102.8
96.9
97.8

99
101
103
103

113.3
116.0
116.1
119.5

88.6
89.1
88.9
88.3

87
86
84
84

74
72
73
71

95.1
93.0
90.7
92.4

103
102
99
99

118.3
120.2
117.2
118.7

95
95
94
93

84
84
83
81

74
73
74
75

94.0
92.5
89.1
88.3

98
98
97
95

82.6
83.5
83.9
82.9

91
91
90
90

80
82
82
80

75
74
74
74

85.4
87.4
88.9
88.5

95
100
102
102

82.0
82.2

90
90

80
80

75
74

87.8
86.5

102
103

1OO.O
93.1
105.7
105.0
95.0

69, 927
80, 572
91, 283
72, 608
72, 672
80, 079
74, 917

97, 784
162, 018
217, 790
202, 810
230, 277
228, 677
206, 987

24, 199
28, 151
34, 459
28, 959
33, 050
34, 974
35, 193

464, 200
499, 542
553, 392
504, 484
500, 916
502, 016
481, 195

28, 234
29, 035
31,321
29,663

93.5
96.2
96.9
95.1

99.0
102.6
103.9
103.8

75, 335
76, 983
79, 228
80, 251

215, 601
223, 409
226, 308
226, 152

35, 039
35, 745
35, 942
35, 326

485, 332
491, 129
494, 168
487, 385

31, 141
30,226
31, 423
31,226

87.8
87.5
84.3
85.5

93.4
94.1
97.1
98.7

94.4
87.0
92.8
94.4

79,528
78, 448
75, 329
74,500

205, 560
189, 398
202, 156
205, 525

34,604
34, 542
35, 337
35, 361

480, 120
479, 147
470, 811
474, 424

29, 865
30, 059
30, 173
30, 718

118.8
119.7
118.1
122.0

85.3
85.3
83.2
82.2

95.9
94.9
90.9
90.7

90.3
88.3
89.9
94.1

72, 247
69, 046
69, 706
68, 408

196, 580
192, 411
195, 893
204, 856

35, 544
35, 195
35, 176
34, 502

484, 115
484, 819
475, 571
467, 320

29, 948
27, 624
26, 667
26, 883

117.9
119.0
121.0

80.5
82.7
83.7
82.6

90.3
92.1
92.6

102.6
107.1
112.8
116.3

71, 121
72, 979
74, 274
76, 118

223, 502
233, 310
245, 716
253, 390

35, 492
36, 111
36, 883
36, 871

457, 275
462, 060
464, 162
458, 640

25, 615
24, 251
24, 492
26, 205

119.0
120.6

76, 556
76, 580

259, 073
262, 651

36, 777
36, 922

453, 683
454, 952

26, 553
27, 888

83.2

1

__

1 Compiled from data furnished by the Maryland Commission of Labor and Statistics from about 250 manufacturers each month, link relatives being used for identical
concerns from month to month. Monthly reports show details by industries. Monthly figures from 1924 appeared in the July, 1928, issue (No. 83), p. 24.
2
Compiled by the Massachusetts Department of Labor and Industries, Division of Statistics from about 1,000 firms each month. Data are connected by the chain relative
method. Monthly data from 1919 appeared in the July, 1928, issue (No. 83), p. 24.
3
Compiled by the New York State Department of Labor from reports of 1,648 firms employing more than one-third of the factory workers of New York State Monthly
data4 from 1914 appeared in the July, 1928, issue (No. 83), p. 23.
*
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.
5
Compiled from data furnished by the Illinois Department of Labor from reports by about 1,400 manufacturing establishments, employing about 400,000 people, based
on the pay roll nearest the 15th of the month. Monthly data from 1921 appeared in the July, 1928, issue (No. 83), p. 23.
e Compiled by the Industrial Commission of Wisconsin, based on link relatives from reports of manufacturing firms. The data have been recomputed to a 1923 base,
the 7monthly figures from 1923 appearing in the July, 1928, issue (No. 83), p. 23.
Compiled by the Employers' Association of Detroit, covering about two-thirds of the working population of Detroit. Figures for the last week of the month are given
here.
8
Compiled from data furnished by the Iowa Bureau of Labor from reports of about 300 firms, the index being compiled by the link-relative method on reports of identical firms from month to month. Monthly data from 1922 appeared in the July, 1928, issue (No. 83), p. 24.
6 Compiled by the Cleveland Chamber of Commerce from reports of 100 identical manufacturers, except that in November, 1925, when one plant went out of business
another was substituted. Data are for the end of the month and monthly figures from 1921 appeared in the July, 1928, issue (No. 83), p. 24.
1° Compiled by the Milwaukee Public Employment Office from reports of 50 identical manufacturers, 4 of which are now out of business. Data are for the end of the
month arid monthly figures from 1921 appeared in the July, 1928, issue (No. 83), p. 24.
11 Compiled by the Oklahoma Department of Labor from reports of 710 establishments. Monthly data from 1924 appeared in the July, 1928, issue (No. 83), p. 24.
12 Compiled by the Ohio State University, Bureau of Business Research, from reports of about 600 manufacturers in Ohio. Details by industries and by cities are given
in the bureau's press releases. Monthly data from 1923 are given on p. 138 of the present issue.
" 7 months' average, June to December, inclusive.
" 5 months' average, August to December, inclusive.




110
Table 88.—EMPLOYMENT AGENCIES, TRADE-UNIONS, AND INDUSTRIAL DISPUTES
TRADE-UNION *
EMPLOYMENT

EMPLOYMENT AGENCIES 1
United
States
average

YEAR AND MONTH

Eastern Central Southern
States
States
States

Western
Canada
States |

United
States

Canada

Per cent of total
membership

Number of applicants per 100 jobs
1
1

EMPLOYMENT
IN
CANADA 2

INDUSTRIAL DISPUTES a

Disputes

Rel. to
Jan., 1920

«173
127
105
143
140
127
135

«131
106
100
127
122
119
142

«235
146
131
180
175
160
159

U64
125
109
130
122
108
128

«95
70
60
69
64
66
71

103
126
117
109
126
114
119
122

95.4
87.5
93.0
95.1
93.0
93.0
94.9
95.1

* 100. 0
87.0
88.6
94.8
91.9
93.0
98.8
103.7

115
130
120
106

113
123
128
118

138
174
139
128

103
109
107
81

56
54
78
62

117
117
113
101

95.1
95.9
97.7
97.5

100
104
120
134

105
112
122
135

118
122
139
157

85
72
102
121

58
65
68
78

95
115
145
138

96.7
97.4
95.3
94.1

160
158
137
119

156
162
146
122

203
191
165
140

146
155
125
111

78
72
67
62

156
147
146
124

93.6
93.5
94.3
94.0

95.4
96.3
96.2
100.6

May
June
July
August

118
137
134
129

121
149
145
137

137
163
152
156

119
125
118
122

61
65
87
70

124
127
121
109

94.8
96.8
96.7
96.3

121
120
137
145

131
129
146
155

136
145
160
165

114
122
132
145

79
61
71
80

98
116
142
140

170
175
154
137

192
208
171
146

203
189
166
147

188
222
264
219

87
75
65
69

161
146
137
120

128

138

135

204

66

Number

105.2
102.8
101.1
94.8

1937
January _
February
March
April

Man-days
lost in
month

101.0
103.7
104.2
104.9

September
October
November
December

Workers
involved

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average.1925 monthly average
1926 monthly average
1927 monthly average

657

« 148, 036

« 3, 856, 853

105.9
108.4
109.2
109.7

82
62
50

196, 047
199, 087
198, 367

4, 859, 468
5, 307, 089
4, 988, 596

96.9
96.1
94.8
93.4

109.0
107.5
106.8
99.5

49
56
50
52

197,588
81, 766
82, 207
81, 191

4, 960, 249
2, 722, 110
2, 031, 740
2, 128, 721

93 2
93.0
93.5
94.8

100.8
101.4
101.1
105.5

62
61
63
70

81, 676
104, 883
81, 406
208, 464

2, 135, 092
2, 155, 559
2, 421, 987
4, 993, 233

1926
Mav
June
July
August

_

_ _

September
October
November
December

1928
January
February
March
April

___

M!ay
June
July
August

-_.

82.2
81.8
82.0
84.0
87.0
89.0

October
December
* Compiled from weekly reports to the U. 8. 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,

data2 covering applications and job vacancies from which the Canadian data were compiled were given in the February, 1928, Survey, p. 110.
Data for the United States compiled from reports of trade-union unemployment- as published by the American Federation of Labor, the figures above having been in1919,
3 Compiled by the U, "s. "Department of Labor,JBureau of Labor "statistics, through the cooperation of the Conciliation Service arid other outside agencies. The data show
the number of industrial disputes in effect at the end of the month, disputes involving fewer than six workers and those lasting less than one day being omitted. The number of work-days lost relates only to workers directly affected and is computed by multiplying the number of workers so affected by the length of the dispute measured in
working days as normally worked by the industry or trade in question. Figures given include only those6 disputes which have been verified by the bureau.
5
* January, 1920.
6 months' average, July to December, inclusive.
7 months' average, June to December, inclusive.




Ill

1I

«5 § s
^*t

>**£

i

Cents per hour

26
28
36
45
52

20
20
20
24
30
38
42

100
100
100
115
149
194
233

46
37
42
41
44
43
45

60
50
48
54
52
52
52
53

46
38
32
43
50
50
50
50

38
37
37
38

43
41
42
43

51
53
52
52

37
38
37
38

38
38
37
37

45
44
45
46

33
32
30
32

40
40
40
42

38
38
37
37

25
26
28
26

26
28
28
27

39
41
41
41

27
26

29
30

38
37

it ftf l! HI

Thous. of dollars

Relative to 1923

160.0
191.8
174.0

$30. 21
29.72
29.97
32.58
40.19
49.13
56.77

10 39. 4
42.3
55.5
65.6
82.8
89.3

$5, 942
6,377
8,366
9,892
12, 481
13, 468

293
245
216
266
271
248
248
246

192.0
151.0
123.3
138.5
145.8
131.8
132.0
127.8

65.05
43.58
42.09
46.74
47.23
47.80
48.87
48.63

110.9
79.2
83.1
100.O
92.7
93.9
96.6
93.6

16, 711
11, 943
12, 524
15, 075
13, 967 u $750
14, 159
781
14, 559
860
814
14, 105

50
50
50
50

248
248
248
248

133.0
133.0
128.5
128.5

50
54
54
54

50
50
50
50

248
248
248
248

125.5
125.5
125.5
125.5

46
48
47
46

54
56
53
54

50
50
50
50

248
248
248
223

125.5
125.5
128.5
128.5

37
39
37
36

41
43
42
46

50
54
52
53

50
50
50
50

37
36

49
45

51
53

50

1913
1914
1915
1916
1917
1918
1919

mo
mo.
mo.
mo.
mo
mo.
mo.

av
av
av__
av__
av
av__
av__

20
23
28
36
41

20
25
31
39
41

20
24
30
38
41

14
16
21
27
32

12
13
17
23
28

16
17
21
28
36

21
24
29
39
43

25
28
34
45
53

26
29
36
44
47

1920
1921
1922
1923
1924
1925
1926
1927

mo. av__
mo. av__
mo. a v _ _
mo. av
mo. av__
mo. a v _ _
mo. a v _ _
mo. av__

49
36
32
38
38
38
39
. 39

49
38
39
51
50
46
50
49

50
35
37
45
45
45
46
47

37
26
21
25
28
27
30
28

32
25
20
22
24
25
25
25

40
28
24
25
27
27
27
30

53
35
31
39
40
37
38
39

62
45
31
34
36
38
36
38

1927
January
February
March
April

37
41
39
39

44
50
51
49

46
50
51
47

24
39
32
25

24
24
24
25

27
32
26
34

39
44
39
38

May
June
July
August

38
39
39
39

49
51
50
49

46
46
47
47

27
29
30
27

24
25
25
26

26
26
30
28

September...
October
November...
December

40
40
40
39

49
48
48
55

46
46
46
46

26
28
26
24

25
25
25
24

1928
January
February
March
April

37
38
38
40

53
52
51
50

48
47
48
46

24
22
23
23

40
40

49
48

42
42

28
26

May
June
July
August

Dols.
p. mo.

|
|

Oklahoma9

ii

J

WEEKLY
PAY ROLL

TOTAL PAY ROLLS

Wisconsin s

ll1

FARM WAGES
(without
board) «

£ WD^
Jfl e

Mountain

YEAR AND
MONTH

U. S. STEEL
CORP. WAGE
RATES 2
NEW ENGLAND TEXTILE WAGES 3

Rel.to Per ct.
base
1913
scale

WAGES OF COMMON LABOR IN ROAD BUILDING ,
(by geographic divisions)^

YOUNGSTOWN DIST.
(wages of
steel workers) 4

Table 89.—WAGES AND PAY ROLLS, BY STATES

125.5
125.5
125.5
125.5

48.47

49.52

49.77

46.75

48.44

49.32

10O 100 100 100.0
81
97.1
90
86
91
90
82 105.9
94
101
85 106.8
101.4
79
103
87

95.1
96.0
97.6
94.3

107
109
108
106

90
94
94
92

83
85
83
80

96.9
104.7
104.2
102.9

14, 331
14. 465
14, 717
14, 214

868
848
863
858

92.9
92.7
90.4
92.2

102
103
98
101

89
87
81
85

78
75
74
75

99.4
102.2
98.1
106.9

14, 010
13, 977
13, 632
13, 898

814
819
814
819

95.0
94.2
90.7
91.7

102
102
100
103

83
85
84
83

76
76
77
81

101.7
100.6
99.6
99.5

14, 317
14, 195
13, 671
13,830

970
741
676
673

88.6
89.4
91.3
87.6

98
100
99
96

79
85
85
80

76
76
78
75

88.9
99.1
106.7

13, 361
13, 477
13, 760
13,200

685
719
634
709

87.8
89.0

98
98

83
83

79
78

13, 241
13, 413

702
743

September. ..
October
November
December
i Compiled by the U. S. Department of Agriculture, Bureau of Public Roads. The current data 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.
* 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 by the American Wool and Cotton Reporter, allowing for reductions in working hours in 1916 and 1918, so that the figures, which are computed from actual
data given in the periodical, are essentially on an hourly basis.
* 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 2-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 the detailed reports published in Crops and Markets.
« Compiled by the New York State Department of Labor from reports of 1,648 firms employing more than one-third of the factory workers of New York State. Monthly
data7 from 1914 appeared in the July, 1928, issue (No. 83), p. 23.
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.
8
Compiled by the Illinois Department of Labor from reports by about 1,400 manufacturing establishments, employing about 400,000 people, based on the pay roll nearest
the 15th of the month.
9
Compiled by the Oklahoma Department of Labor from reports of 710 establishments.
10
6 months' average.
" 7 months' average.




112

Table 90.—WEEKLY EARNINGS OF FACTORY LABOR

Relative to
1914

Relative to July, 1914

Relative to 1923

1914
1915
1916
1917
1918
1919
1920

s 100. 0 * 100. 0 8 100. 0 s 100. 0 s 100. 0
mo av
mo. av
mo. av
mo. av .
mo. av
mo. av
mo. av.. .9 235. 4 9 238. 5 »235.2 e 253. 1 9 233. 0

100.0
103 2
116.6
134.7
167 8
190.8
277.6

1921
1922
1923
1924
1925
1926
1927

mo. av__. 188.0 188.3 187.5 191.2 205.0
mo. av__. o 191. 8 10 193. 2 10 193. 7 10 191. 7 1° 204. 0
mo. av... 211.3 212.6 212.7 211.1 222.7
mo. av... 209.5 212.9 212.1 213.4 215.4
mo. av... 214.8 220.0 218.2 220. 5 220.3
mo. av... 216.7 222.6 220.3 223.5 220.2
mo. av... 217.1 223.1 219.8 227.5 221.0

196.8 206.1
196.6 200.6
229.9 218.3
229.4 221.8
229.4 226.4
230.7 232.5
232.9 234.8

100
100
101
106
109

100
97
98
101
101

100
101
99
101
103

1091.3
100.0
101.8
103.2
105.9
105.4

100.0
103.0
115.6
131.2
163 1
188.3
225.6

OKLAHOMA ?

WISCONSIN e

Women

1

Unskilled

Wisconsin «

Illinois '

•a
1

ILLINOIS 5

U. S. TOTALS, 23 INDUSTRIES i

Men
Delaware 4

Pennsylvania *

New Jersey 4

New York «

Massachusetts 2
'

cc

Women

h

Unskilled

YEAR AND
MONTH

Grand total

Men

BY STATES

Grand total

U. S. TOTALS, 23 INDUSTRIES ij

NEW YORK STATED

[Base year in boldfaced type]

Dollars

48 6
57.3
67.0
85 3
95 9
116. 5

s $12. 54 $13. 30 $U. 16 s $10. 71 s $7. 84 $12. 48
12.85
14 43
16.37
20.35
23 50
9
29. 51 •31.72 933.31 9 27. 11 18.27 28.15

92.8 23.57 25.05 26.55 20.48 16.07
90.0 10 24. 06 10 25. 69 10 27. 42 10 20. 53 10 15. 99
100. 0 26.50 28.27 30.12 22.61 17.46
101. 5 26.27 28.31 30.04 22.86 16.89
106.6 26.94 29.26 30.90 23.62 17.27
107.1 27.17 29. 61 31.20 23. 94 17.26
106. 2 27.22 29.67 31.13 24.37 17.33

1

"

$28. 58

25.72
25.04 io$24.70
27.24 27.07
27.68 27.55
28.26 27.93
29.02 28.67
29.30 28. 53

22.80
21.66
23 97
24.40 *$26. 57
25.56 26.91
25.67 27.46
25.45 27.44

1927
January
February
March
April

217.4
220.7
219.5
218.4

222.3
226.8
225.6
225.8

218.4
223.2
221.7
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

104.3
106.6
106.1
107.4

102.6
108.8
107.6
108.1

-..26 29.57
27.68 30.17
27.53 30.00
27.39 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. 39
29.78
29.17

28.23
28.85
28.72
29.07

24.58
26.06
25.80
25.81

27.88
28.04
27. 45
27.48

May
June
July
August

219.5
218.0
213.9
216.6

227.1
225.4
220.1
223.8

223.8
222.3
217.1
221.3

230.4
228.7
223.6
224.8

221.4
221.6
217.9
220.2

234.7
231.9
229.1
236.4

233. 8
233.7
232.0
234.7

109
110
106
109

102
102
96
101

104
103
99
102

105.7
108.1
104.6
105.7

106.5
108.7
101.0
108.2

27.52
27.34
26.82
27.16

30.20
29.98
29.27
29.76

31.69
31.48
30.74
31.33

24.68
24.49
23.95
24.08

17.36
17.37
17.08
17.26

29.18
29.17
28.95
29.29

28.60
29.27
28.32
28.61

25.52
26.05
24.22
25.94

27.25
27.24
26.98
26.66

September
October
November.. .
December

217.9
215.4
213.1
214.5

223.3
220.7
215.7
220.7

220.2
217.4
212.9
217.5

226.8
226.1
218.7
225.2

220.9
221.3
220.9
221.2

237.1
231.2
231.4
232.1

236.9
234.6
230.4
237.1

109
109
108
111

98
101
100
101

101
102
103
106

102.1
105.6
104.3
104.0

105.9
105.9
105.9
105.3

27.32
27.01
26.72
26.90

29.70
29.35
28.69
29.35

31.18
30.78
30.15
30.80

24.29
24.21
23.42
24.12

17.32
17.35
17.32
17.34

29.57
29.28
28. 75
29.57

27.65
28.59
28.23
28.15

25.40
25.40
25.39
25.24

32.73
26.89
25.36
25.37

1928
January
February
March
April

217.2
218.1
220.0
216.8

224.1
228.0
230.1
227.4

220.5
223.9
226.8
224.7

230.3
235. 8
233.9
228.5

219.8
221.8
221.2
212.9

232.1
234.7
235. 6
230.4

234.1
233.7
237.5
230.6

109
110
110
108

98
104
104
99

100
102
104
99

101.6
106.9
105.2
104.5

98.4
107.6
115.2
106.3

27.24
27.35
27.59
27.19

29.80
30.32
30.60
30.25

31.22
31.70
32.11
31.82

24.66
25.25
25.05
24.47

17.23
17.39
17.34
16.69

29.22
29.16
29.64
28.78

27.49
28.93
28.48
28.28

23.60
25.80
27.62
25.49

26.73
29.05
25.84
27.04

217.1

226.1

222.0

233.2

215.2

232.9

233.9
236 2

110
110

103
102

104
103

102.6

27.23

30.07

31.44

24.98

16.87

29.19
29.48

24.59

26.44
26.24

M!ay
June
July
August
September

|

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 weighing 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 Compiled by the 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.
s Compiled by the 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. Monthly data on earnings since July, 1922, were given in the July, 1928, issue (No. 83), p. 23.
e Compiled by the Industrial Commission of Wisconsin from reports of about 850 manufacturing establishments in Wisconsin. Monthly data on earnings from 1923
were given in the July, 1928, issue (No. 83), p. 23. Relative prior to"l923 are recomputed from old index on 1915 base.
? Compiled by the Oklahoma Department of Labor from reports of 710 establishments. Monthly data from 1924 appeared in the July, 1928, issue (No. 83), p. 24.
8 July, 1914.
9
Average of last 7 months of the year.
1° Average of last 6 months of the year.




113

Table 91.—PAY ROLL AND HOURS IN FACTORIES
[Index numbers for base year in bold- faced type]
PAY-ROLL INDEXES 1
Food
and
kindred
products

Total,
12
groups

YEAK AND MONTH

HOUHS
OF WOBK2

VehiLum- Leather
Iron
Chem- Stone,
ToMisceland
ber
cles
clay,
and
Paper
icals
Nonbacco
lanefor
steel
and
and
and ferrous manu- land
its finand
ous
and
its
ished
other
glass
trans- industheir manu- prod- print- prod- prod- metals 3 facing
portafacture
prodtries
ucts
ucts
ucts
tion
ucts
ture

Textiles
and
their
products

Relative to 1923
1914, July
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly

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

Hours per week

881.9
100.0
90.6
94.6
101.9
102.8

55.0
50.0
49.7
850.0
49.9
49.7
49.9
49.8
49.6

51.5
^ 48. 7
45.5
«49.2
49.2
46.8
48.2
48.2
47.9

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

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

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

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

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

112.6
111.0
109.0
110.6

100.2
100.0
95.1
96.4

107.9
105.6
96.9
100.7

95.1
91.5
86.9
88.3

84.6
87.8
86.7
80.8

94.2
85.8
81.4
85.8

109.3
104.9
99.5
96.6

49.6
49.6
49.7
49.5

48.3
47.9
47.3
47.8

91.0
85.4
75.3
76.5

111.7
113.7
114.7
117.0

98.5
98.3
96.9
98.2

99.4
100.6
98.6
94.7

86.0
86.7
85.1
87.1

91.4
92.3
91.3
87.9

81.6
84.2
79.0
80.8

93.2
96.5
92.4
99.8

49.5
49.5
49.4
49.5

47.8
47.4
47.1
47.3

79.5
82.9
85.6
86.3

81.3
86.1
85.0
73.9

113.8
113.0
113.1
112.3

95.8
98.2
102.5
102.8

87.0
89.6
92.7
95.7

83.7
89.7
90.7
91.4

79.1
79.3
80.2
74.6

77.6
88.3
92.0
93.2

95.1
92.0
92.1
93.8

49.5
49.6
50.0
49.3

47.9
48.0
48.2
47.4

87.5
88.1

71.7
74.6

112.2
112.4

94.8
93.4

98.8
98.7

93.4
92.3

78.0
83.2

94.8
92.6

91.2
93.7

49.4

47.8

4

125.9
80.0
79.9
100.0
90.6
93.6
95.8
92.4

884.1
100.0
97.9
93.7
93.8
93.8

889.3
100.0
86.8
89.5
85.9
88.5

875.5
100.0
86.6
90.6
97.2
89.3

8 88. 5
100.0
97.3
98.1
97.7
91.0

« 95. 2
100.0
88.3
89.4
87.8
85.5

892.3
100.0
102.2
105.2
111. 5
112.8

889.6
100.0
92.7
95.9
101.8
100.9

885.8
100.0
101.3
103.5
106.4
100.3

100.0
91.6
97.9
98.5
90.3

8 107. 9
100.0
95.6
92.7
87.7
85.2

878.1
100.0
87.5
93.5
92.8
85.0

90.4
96.2
96.2
•97.3

93.0
97.5
97.1
96.7

83.2
90.3
89.6
90.0

85.4
92.4
92.9
98.9

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

1926
January
February.. _ _
March
April „ .

93.9
97.9
99.1
97.2

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

May
June.
July
August

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
93.0
94.8

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

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

98.3
100. 0
95.4
99.6
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

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

95.6
93.3
89.1
91.0

92.7
96.4
95.5
93.7

87.0
86.2
83.5
86.5

93.5
91.8
84.6
87.1

92.7
92.7
89.4
92.5

81.8
82.5
86.7
93.3

September
October
November
December

90.1
91.2
87.8
89.3

95.9
96.3
94.8
94.6

88.6
90.2
86.3
87.9

84.7
84.4
81.6
82,8

93.7
94.5
92.1
88.0

1928
January
_
February
March __
April

85.8
90.0
91.2
89.9

91.9
93.7
92.8
88.9

85.4
88.1
86.9
80.5

80.2
87.9
89.9
89.2

90.1
90.2

91.0
93.3

78.9
78.7

91.5
90.7

1925
September
October
November
December

_

September
October
November
December

__ _
._

1927
January
February
March
April
May
June _
July
August

__

.

May
._
June
July
August

Nomi- Actual
nal

1

._

September
October
November
December

I

•;
'

i
'

j

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 actual data are obtained from a varying number of reporting firms each month, the months of 1925 covering over 9,000 firms, employing almost 3,000,000 people.
2 Compiled by the National Industrial Conference Board from reports from 1,678 manufacturing plants employing 506,315 people in January, 1921, and representing 23
industries. The nominal hours per week represent the weighted number of hours the plants are supposed normally to operate, while the actual hours represent the average
Man3 hours worked each week.
Includes enameled ware and brass, bronze, and copper products.
8
e
•* Average of last 7 months of the year.
Average of last 6 months of the year.
Data for this group not available in 1922.

731°— 28



8

114
Table 92.—FACTORY OPERATIONS AND LABOR TURNOVER

Per
cent

Per cent of full time

- ^91
93
95
97

* 87
88
93
97

93
94
94
93

4

88
93
94
98

*89
93
96
95

494
95
97
97

* 90
91
93
96

91
87
87
86

94
95
95
93

94
95
95
95

95
96
96
96

93
92
96
97

88
88
95
96

91
88
92
94

94
93
97
97

98
98
97
97

98
99
98
98

96
98
97
97

96
97
97
97

97
96
96
95

97
96
97
97

1924 monthly average -1925 monthly average
1926 monthly average
1927 monthly average

4

TURNOVER

Discharges

Lay offs

1

Voluntary
quits

Departures s
Accessions 3

Ratio, a c t u a l
time to capacity 2

Miscellaneous
industries

Vehicles for land
transportation

Tobacco manufacture

LABOR
Non ferrous
metals

Stone, clay, and
glass products

ing

Chemicals and
other products

Paper and print-

Leather and its
finished products

Textiles and their
products
Iron and steel
and their products
Lumber and its
manufacture

YEAR AND MONTH

Food and kindred products

Total, 12 groups '

TIME OPERATED

Per cent of number on pay roll
(annual basis)

95
95
97
98

< 90
95
97
97

4 92
91
94
96

* 90
96
96
96

*91
92
95
95

* 93
96
97
98

<92
94
96
96

* 72
77
82
84

54.4
40.2

90
92
94
90

97
97
97
96

96
95
97
97

88
89
89
92

94
95
98
96

90
92
96
92

96
96
96
91

93
94
95
94

79
82
82
81

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

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

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

96
97
96
97

98
97
97
98

95
94
101
94

96
97
96
97

95
96
97
100

98
98
97
98

97
95
95
96

98
97
96
96

97
97
96
96

97
97
96
96

98
98
97
97

98
98
96
97

94
94
92
93

98
98
97
97

98
97
93
95

99
99
99
99

98
98
97
98

96
95
97
95

96
96
96
96

96
96
96
96

96
96
95
93

93
94
95
95

95
96
96
96

97
98
98
94

98
98
99
98

98
98
99
100

96

97

94

96

95

95

98

98

47.1
41.5

32 0
37.0
34.5
27.0

6.1
8.2

6.6
5.7

56.5
56.1
56.5
52.3

38.9
40.4
50.6
60.8

27.1
27.4
35.3
46.2

4.7
6.5
7.1
6.1

7.1
6.5
8.2
8.5

80
78
83
84

60.0
57.2
54.2
65.9

50.6
46.2
53.0
51.8

37.7
35.3
38.9
40.0

5.9
6.1
7.1
4.7

7.1
4.9
7.1
7.1

98
98
97
97

86
86
84
84

69.4
57.7
40.2
27.1

58.4
43.6
40.2
30.6

47.5
31.8
25.6
20.0

4.9
4.7
8.5
7.1

6.1
7.1
6.1
3.5

98
98
98
99

96
96
96
97

83
84
85
85

36.3
41.7
43.2
47.5

40.8
36.9
42.5
48.3

23.1
21.8
29.8
32.4

12.3
9.6
6.4
9.7

5.4
5.5
6.3
6.2

91
94
95
95

98
98
98
99

96
96
95
96

84
84
84
84

48.0
45.0
37.8
39.6

44.7
43.9
35.7
36.4

31.9
29.1
24.4
23.0

7.6
8.0
6.0
8.5

5.2
6.8
5.3
4.9

95
95
95
95

96
97
97
97

98
98
98
98

96
96
95
97

86
85
82
81

43.6
40.8
31.6
23.7

46.2
39.6
31.5
27.2

33.6
25.3
18.0
14.8

6.4
8.5
9.3
8.6

6.0
5.8
4.2
3.8

95
96
96
97

96
97
96
97

96
94
94
93

98
98
98
99

95
95
96
97

81
82
83
83

33.4
32.0
36.5
41.3

27.8
28.2
31.8
37.9

15.9
14.7
19.5
25.4

8.3
7.9
8.1
7.5

3.6
4.7
4.2
5.0

98

97

94

98

96

84

47.2
36.9

42.1
38.0

28.7
26.8

8.4
6.8

5.0
4.4

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

. _ . ._

1928

January..
February
March
April.

.

.--

-

May
June
July
August

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 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 time are given in "Employment
Selected in 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 following table, by the percentage of time operated, as shown in this table,
indicate the approximate actual employment time relative to capacity.
3 Compiled by the Metropolitan Life Insurance Company covering 135 companies employing about 600,000 wage earners for the period 1919-1925. Beginning with 1926,
data are from about 100 companies each month. Rates are based on median reports rather than arithmetic mean, to throw out exceptional cases. The annual turnover
rates 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 in the month represented. The total separation rate is the arithmetic sum of the last 3 columns. Monthly data on voluntary quits from 1919 appeared in the March, 1927, issue (No. 67), p. 25.
4
Average of last 10 months of year.




115
Table 93.—FACTORY FORCES RELATIVE TO CAPACITY
Total,
12
groups *

YEAR AND MONTH

Food Textiles
and

kin-

dred
products

and

their
products

VehiTocles
MiscelLum- Leather Paper Chem- Stone
and
clay,
icals
laneNon- bacco
for
ber its fin- and
and
and
ous
and its ished print- other glass ferrous2 manu- land
trans- indusmetals
their manu- prodfacing
prod- prodture porta- tries
prod- facture
Iron

and
and

steel

ucts

ucts

ucts

ucts

tion

Per cent of full capacity
1924 monthly average 31925 monthly average
1926 monthly average
1927 monthlv average

79
83
87
87

78
82
88
89

78
85
87
91

70
76
82
83

87
89
89
85

73
82
87
89

89
92
94
95

76
78
80
77

84
85
88
85

69
80
84
84

77
83
87
90

82
86
89
87

73
78
84
84

_

82
82
82
85

76
81
78
84

85
84
84
86

75
74
74
78

89
89
88
89

79
79
80
85

92
91
91
91

73
66
72
73

83
85
85
88

77
81
81
86

79
80
84
86

83
85
86
87

76
76
77
78

September
October
November
December

84
85
85
85

86
86
87
87

84
85
86
86

76
78
78
79

90
90
90
89

85
86
85
81

92
94
94
95

80
79
74
80

87
87
88
85

83
83
81
81

87
88
87
89

86
89
88
87

78
81
82
83

85
87
87
87

85
86
84
85

87
89
88
86

79
80
82
82

89
88
88
88

82
87
88
86

94
94
95
94

83
86
89
85

85
87
86
89

86
86
87
86

85
86
89
88

88
89
88
95

82
83
83
83

86
85
86
87

86
86
90
89

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

88
88
87
87

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
87
87

87
90
89
96

90
89
89
90

84
84
78
84

84
85
85
86

86
88
89
91

94
93
93
94

75
70
70
68

89
90
90
88

84
84
83
83

87
88
90
87

90
89
89
89

85
82
81
82

89
88
85
84

92
92
89
88

92
92
91
91

83
83
81
80

86
87
84
82

93
92
84
86

95
96
98
97

77
74
79
77

87
85
86
82

83
84
82
82

92
95
97
93

89
89
77
78

83
83
84
85

January
February
March
April

84
85
86
86

86
87
86
85

90
90
89
87

80
82
83
84

81
81
82
83

90
90
90
86

96
96
95
95

78
81
86
85

81
81
83
84

81
85
87
90

90
90
91
90

80
82
87
90

86
84
84
84

May
June
July
August

87

85

87

85

82

84

94

75

86

89

90

93

85

1925
Mav
June
July
August

_

1926
January . __
February
March
April
May
June
July
August

_ _

September
October ._
November
December
January.
February
March
April

1927
_

May
June
July
August

_. _.
_

_

September
October _ ..
November
December
1928

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 the percentage
of their capacity force employed each 1month. 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.
a
Includes enameled ware, bronze, and copper products.
* Average of last 10 months of year.




116
Table 94.—ADVERTISING AND MAIL DISTRIBUTION MOVEMENT
MAIL-ORDER HOUSE SALES 1

Total '
SecMontond
gomery
class 3
50
50
Ward
indus- (quar& Co. selected trial terly)
cities
cities

Total
Sears,
Roebuck
& Co.

YEAR AND MONTH

i
3
houses houses

POSTAL RECEIPTS

1920
1921
1922
1923
1924
1925
1P26
1927

May
June
July
August

$7, 965
8,427
9,389
12, 237
14, 856
16, 544
21, 494

$3, 311
3,420
4,113
5,178
6,592
6,662
8,838

$13, 543
14, 611
17, 066
18, 380

30, 409
21, 162
22, 887
29, 182
32, 075
36, 870
39, 330
41, 275

21, 216
14, 832
15, 181
17, 962
18, 515
21, 529
22, 725
24, 408

9,193
6,330
7,706
11, 220
13, 560
15, 341
16, 605
16, 867

20, 688
20, 759
22, 901
25, 085
26, 335
28, 831
30, 605
31,337

38, 789
41, 849
36, 639
41, 406

33, 742
36, 039
32, 967
37, 795

19, 994
19, 341
20, 961
23, 970

13, 748
16, 698
12, 006
13, 825

29, 323
29, 881
26, 300
28, 478

3,082
3,069
2,988
3,197

46, 218
57, 776
58, 368
65, 733

40, 987
50, 869
51, 229
59, 494

24, 609
29, 302
29, 847
34, 486

16, 378
21, 567
21, 382
25, 008

30, 152
32, 450
32, 799
40, 823

3,291
3,395
3,331
4,448

37, 465
38, 392
41, 787
40, 100

24, 240
23, 842
23, 986
24, 159

13, 225
14, 550
17, 801
15, 941

30, 579
30, 547
34, 280
30, 758

3,438
3,482
3,670
3,348

40, 074
44, 848

1927
_ _

September
October
November
December.

1928
January
February..
March
April

$2, 525
2, 598
2,684
2,898
2, 860
3,367
5,051

$11, 276
11,847
13, 502
17, 415
21, 448
23, 206
30, 332

37, 693
26, 190
28, 695
36, 098
38, 421
43, 173
45, 044
46, 678

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

.

May
June
J
Julv
August

24, 203
25, 669

15, 871
19, 179

31, 589
29,990

3,276
3,094

September
October
November
December
1

..

Paid

Foreign 5
Maga- News- Weight
diszine 6 paper 7 patched s

Issued

1

9

$2? 157
2,333
2,593
2, 809
3,068
3,274
3, 359

5,914
4,898
6,851
7, 233
7,386
7, 664
8,202
8,141

8, 197

7,585

8,199

8,670

Number

Value Number

Value

Thousands

Thousands of dollars

1913 monthly average
1914 monthly average.
1915 monthly average,. _ .
1916 monthly average
1917 monthly average.
1918 monthly average
1919 monthly average
$36, 569

Domestic < (50 principal cities)

AIR
MAIL

ADVERTISING

POSTAL MONEY ORDE&S

Thous. Thouof dolls. sands

Thousands of
dollars

Thousands of
agate lines

Pounds

6,313 $34, 812
7,248
40, 592
7,149 44, 863
50, 587
6,784
7,773
65, 356

1,315
1,470
1,610
1,711
1,895

$11, 467
12, 702
14, 657
17, 837
21, 713

$8, 526
6,781
4,464
3,667
3,230
3,151
3, 030

8,098
8,211
9,409
10, 391
10, 797
11, 161
11,008
11, 120

72, 432
64, 827
68, 462
78, 913
84,515
81, 288
87, 304
86, 490

2, 059
2,107
2,340
2,684
2,981
3,105
3,175
3,292

25, 017
23, 351
24, 544
28. 005
29, 831
31, 094
33, 176
34, 060

2,390
1,877
2,282
3,531
4,306
4,669
5,579
5,906

2,305
1,480
1,573
1,953
2,034
2,094
2,272
2,289

95, 832
86, 661
91, 131
97, 402
96, 469
101,916
105, 989 1° 19, 948
101, 475
88, 792

10, 348
10, 951
9,529
10, 120

83, 189
85, 373
76, 970
82, 538

3,240
3,126
2,994
3,162

33, 931
32, 177
32, 759
33, 234

4,966
5,599
5,446
5,346

2,770
2, 350
1, 864
1, 734

113, 444
100, 550
84, 138
82, 865

46, 133
55, 026
99, 589
102, 051

10, 167
11, 659
11,954
13, 516

84, 383
76, 574
97, 863
102, 259

2,994
3,363
3,381
3,759

31, 667
35, 147
34, 860
37, 452

5,925
5,515
5,745
11, 524

2,128
2,542
2,599
2,289

100, 737
115, 472
108, 671
106, 430

146, 486
153, 649
141, 282
165, 768

10, 468
10, 645
12, 356
10, 941

78, 220
78, 887
92, 750
84, 068

3,416
3,340
3,764
3,417

34, 117
33, 077
36, 739
33, 967

4,895
4,574
6,408
4,555

1,811
2,176
2,517
2,926

95, 545
89,023
105, 595
107, 115

144, 289
153, 363
173, 929
171, 028

11,014

86, 110

3,461

35, 277

5,169

2,812
2,571

105, 928
98, 272

199, 409

1,224
1,161
1.147
1,415
1,490
1,344
1,890

61, 440
62, 671
61, 067
83, 859

1 ~ ~~ -~

1

ji
!i

>

1

ji

jj

|

j

1

|

ir

Sales of four principal mail-order houses compiled by Federal Reserve Board and include Sears, Roebuck & Co., Montgomery Ward & Co., National Cloak & Suit Co.,
Larkin & Co. Data on two chief houses, extending back to 1913, total the sales of Sears, Roebuck & Co. and Montgomery Ward & Co.
2
Data from U. S. Post Office Department, comprising receipts for transporting all classes of mail. The 50 selected cities cover the largest cities in the country, the
industrial cities comprising the 50 most representative industrial cities in the next largest group. 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 Apr. 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.
3
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, \Y± cents, and since July
1, 1919, \}/i 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.
5
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 women's, 16 class, and 9 weeklies.
? 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 tho
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 Compiled by the U. S. Post Office Department, showing total weight of mails dispatched. Monthly figures since the inauguiation of the air mail in February, 1928,
appeared in the June, 1928, issue (No. 82), p. 22. Details for each route showing miles of route and service, frequency of trips and payments to contractors are given in the
department's monthly statistical report on air mail.
9
6 months' average, July to December, inclusive.
w 11 months' average, February to December, inclusive.




117

Table 95.—CHAIN-STORE AND MAIL-ORDER SALES
MAILORDER
HOUSES

I

I
GROCERIES

FIVE AND
TEN

WEARING
APPAREL

CIGAR

DRUG

SHOE

CANDY

With
With
With
With
With
With
With
With
Actual seasonal Actual seasonal Actual seasonal Actual seasonal Actual seasonal Actual seasonal ; Actual seasonal Actual seasonal
correccorreccorreccorreccorreccorreccorreccorrection
tion
tion
tion
tion
tion
tion
tion

YEAR AND MONTH

Relative to 1923-1925 average

1919
1920
1921
1922
1923
1924
1925
1926
1927

93
96
67
73
92
98
110
115
120

monthly average
monthly average
monthly average
monthly average _
monthly average
monthly average
monthly average
monthly average
monthly average

53
64
66
74
88
99
113
125
138

45
66
59
69
85
97
118
143
174

*

79
96
95
93
98
100
102
111
110

64

36
52
59
64
83
98
119
149
189

s

82
93
98
109
126
143

53
73
75
77
93
101
106
114
119

91
86
86
93
101
106
113
115

I

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

108
103
121
112

116
115
107
112

131
129
144
147

133
135
135
142

89
92
107
110

103
118
112
117

84
88
122
134

136
134
131
140

114
111
124
122

119
119
120
123

92
92
102
108

107
106
104
109

83
75
109
126

112
108
108
104

89
92
110
120

112
108
111
112

May
.
June
July
August

98
105
91
91

117
119
119
120

140
143
143
131

140
143
145
143

116
111
112
111

125
121
124
124

150
138
127
122

151
140
154
149

122
119
126
123

125
121
124
128

115
109
112
106

114
112
111
111

132
116
111
93

120
106
121
116

117
108
112
103

122
115
114
107

September
October
November
December

113
140
143
155

111
116
114
118

133
150
155
167

142
148
153
154

115
140
135
258

127
132
130
133

157
201
200
263

152
153
159
162

124
133
128
169

128
134
135
137

109
116
107
159

111
115
111
114

108
120
114
163

115
112
108
119

116
121
123
161

115
119
123
113

103
101
125
120

111
112
117
113

155
148
174
172

157
155
163
166

96
104
116
135

130
133
128
137

100
114
148
199

163
173
175
192

134
129
143
144

140
139
139
144

97
99
111
113

113
115
113
115

82
84
96
150

111
121
104
117

95
103
115
136

120
121
116
127

99
107
93
105

118
121
127
133

171
178
167
170

172
179
176
179

123
123
121
130

132
135
139
140

171
172
157
165

172
175
199
193

134
136
141
140

137
138
144
139

113
109
111
106

113
112
114
107

109
118
109
101

99
108
124
121

115
114
112
110

120
121
119
110

118
147
149
167

122
117
119
128

171
190
189
202

183
187
186
186

128
153
148
279

141
144
140
147

198
250
250
350

192
191
198
215

137
151
144
182

141
152
152
148

106
111
105
156

107
109
107
111

108
121
118
178

115
112
112
130

119
124
125
164

118
122
124
115

105
108
125
115

113
116
113
117

188
194
209
202

191
195
196
203

104
115
133
135

140
142
142
147

121
137
200
195

197
201
224
205

146
148
163
154

153
153
157
161

90
96
107
100

105
107
109
105

87
86
117
130

117
120
119
109

100
106
119
130

129
120
120
125

116
127

132
144

213
207

206
208

139
139

144
153

221
216

213
219

164
162

161
164

110
108

105
111

130
147

113
134

127
122

127
129

1927
January.
February
March
April

.-

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

._

_

__

1928
January
_ ._
February...
March
April

_

May
June _
July
August
September
October
November
December

.r

i Compiled by the Federal Reserve Board, Division of Research and Statistics, from reports of the following stores in 1927: 34 grocery chains with 29,433 stores and $1,359,371,361 in sales, 14 ten-cent chains with 2,944 stores and $580,773,589 in sales, 5 apparel chains with 1,080 stores and $198,672,838 in sales, 13 drug chains with 936 stores and
$120,222,701 in sales, 4 cigar chains with 3,471 stores and $110,119,595 in sales, 7 shoe chains with 625 stores and $43,183,331 in sales, 4 candy chains with 269 stores and $32,717,017 in sales, and 4 mail-order houses with $562,765,581 in sales. In the earlier years the number of chains was generally less, and changes are being made in the list as
new chains are added, but the data are all related to the sales of the same chains in the base period. The seasonal adjustment allows for number of working-days in the
month (excluding Sundays and 6 national holidays), and seasonal eliminations are computed by the ratio-to-moving-average method; allowance is also made for the variation
in the date of Easter. Complete description of this index is given in the Federal Reserve Bulletin for April, 1928, pp. 232-242. Monthly data from 1919 appeared in the May
1928, issue of the SURVEY (No. 81), p. 20.




118
Table 96.—TEN-CENT CHAIN STORES
F. W.
WOOLWORTH S. S. KRESGE
^u'
|
CO.

TOTAL 2
(4 chains)
YEAR AND
MONTH

Sales

Average
per store Stores

Sales

Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. NumThous.
of dolls. dumber of dolls. ber of dolls. ber of dolls. ber of dolls. ber jf dolls. ber of dolls. ber
1

Dollars

Number

$7, 972
8,544
9,582
11, 278
12, 806
14, 520
16, 575

$7, 909
7,839
8, 086
8,398
8,820
9,680
10, 728

1,008
1,090
1,185
1,343
1,452
1,500
1,545

$5, 519 .
5,801
6,333
7,257
8,174
8,931
9, 958

684
737
805
920
1,000
1,039
1,081

$1, 105
1,341
1, 745
2,200
2,508
3,026
3, 556

100
118
140 \

19, 575
20, 561
23, 344
27, 555
30, 922
35, 038
38, 111
41, 986

12, 234
12, 560
13, 780
15, 199
15, 809
16, 968
17, 167
17, 300

1,600
1,637
1,694
1,813
1,956
2,065
2,220
2,427

11, 741
12, 302
13, 934
16, 120
17, 956
19, 912
21, 137
22, 729

1,111
1,137
1,176
1,261
1, 364
1,420
1,484
1,588

4,270
4, 655
5, 433
6, 820
7, 508
8,831
9, 935
11, 147

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

May
June __
July
August

35, 696
33, 026
34, 457
34, 088

16, 886
15, 520
16, 086
15, 825

2,114
2,128
2,142
2,154

20, 264
19, 022
19, 401
19, 015

September
October
November
December

35, 202
42, 913
41,251
77, 508

16, 207
19, 586
18, 716
34, 911

2,172
2,191
2,204
2,220

1937
January
February
March
April

29, 651
31, 986
35, 578
40, 782

13, 338
14, 254
15, 736
17, 879

May
June
July
August

37, 560
37, 451
36, 884
39, 539

September
October
November
December.

1938
January
February
March
April.

av
av
av
av
av
av
av
av
av
av
av
av
av
av
av

1936
January
February
March
April

_.

May__.
June
July
August
September
October
November
December

1
W. T. GRANT 1
CO.

F. &W.
GRAND

Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores SaJes Stores
i
1

Stores

Thous.
of dolls.

1913 mo.
1914 mo.
1915 mo.
1916 mo.
1917 mo.
1918 mo.
1919 mo.
1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 mo.

METROPOLITAN

S. II. KRESS
CO.

STORES
CORP.

$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

188
^
199
212
233
256
298
368
435

1,198
1,195
1,423
1,781
2,103
2,465
2, 801
3. 278

156
159
161
167
176
181
199
221

2,415
2,409
2,554
2,834
3, 355
3,830
4,323
4,838

145
142
145
152
160
166
169
183

868
538
520
615
652
732
917
1,023

145
84
83
68
68
72
81
91

735
305
360
452
548
711
875
1,074

7,451
7,496
8,472
8,591

305
312
316
322

2,157
2,183
2,538
2,458

183
182
180
180

3,046
3,280
3,844
3,764

167
167
167
167

567
583
684
748

72
72
72
74

1,442
1,451
1,460
1,465

8,993
8, 834
8,886
8,713

325
329
332
338

2,492
2, 363
2,474
2,506

180
181
183
184

3,947
3,807
3,696
3,854

167
167
167
167

867
856
831
801

19, 339
24, 802
22, 535
41, 349

1,471
1,482
1,484
1,484

9,439
10, 935
10, 957
20, 451

345
354
362
368

2, 543
2, 916
2,937
6,039

189
187
189
199

3,881
4,260
4,822
9,669

167
168
169
169

2,223
2, 244
2,261
2,281

16,117
17, 379
19, 601
22, 351

1,484
1,494
1, 505
1,515

7, 956
8,309
9,183
10, 788

370
376
382
388

2,286
2,763
2, 864
3,314

199
201
202
205

3,292
3, 535
3,930
4,329

16, 330
16, 185
15, 803
16, 832

2,300
2,314
2,334
2,349

20, 916
20, 407
20, 176
21, 400

1,528
1,533
1,546
1,552

9,602
10, 064
9,791
10, 513

392
398
404
409

2,879
2,869
2,877
3,037

208
211
213
214

38, 738
46, 498
44, 254
84, 977

16, 338
19, 407
18, 325
35, 013

2,371
2,396
2,415
2,427

20, 740
26, 032
23, 731
43, 897

1,568
1,584
1,588
1,588

10, 422
12, 084
12,011
23, 044

413
419
427
435

3,022
3,332
3,236
6,857

31, 901
35, 363
40, 447
39, 765

13, 123
14, 457
16, 395
16, 060

2,431
2,446
2, 467
2,476

17, 114
19,001
21, 839
21, 937

1,591
1,603
1,619
1,624

8, 658
9,320
10, 855
10, 784

436
439
443
445

42, 234
42, 097

16, 975
16, 778

2,488
2,509

22, 997
22, 400

1, 634
1,652

11, 340
11, 834

449
450

i

19

22
25
30
32
33

19
19
22
23
28
37
41
55

845
1,051
1,257
1, 695
2,070
2,514
2,995
3,610

38
45
50
58
70
77
106
151

641
632
764
787

37
37
38
38

2,065
1,951
2,310
2,562

77
78
80
81

80
80
80
80

803
779
790
703

38
40
40
40

2,867
2,640
2,417
2,371

83
88
89
92

872
1,048
1,010
2,139

81
81
81
81

799
1,025
954
1,819

40
41
41
41

2,772
3,799
3,726
6,455

95
101
104
106

170
172
172
171

655
693
801
1,000

81
82
82
82

657
711
878
1,188

44
48
50
52

2,205
2,248
2,789
3,364

106
109
111
115

4,163
4,111
4,058
4,564

172
172
172
174

855
903
864
965

83
86
86
90

935
1,018
913
947

53
53
53
54

3,160
3,299
3,018
3,114

117
119
121
126

215
217
219
221

4,556
5,069
5,272
11, 182

175
176
181
183

978
1,120
1, 090
2,349

90
90
91
91

1,005
1,223
1,140
2,267

55
55
55
55

3,279
4,275
4,366
8,205

130
135
145
151

221
221
222
222

3,760
4,175
4,630
4,984

183
183
183
185

692
752
912
918

91
91
93
93

800
901
1, 128
1,172

62
63
64
65

2,624
2,843
3,707
3,656

154
158
161
172

2,974
3,097

165
169
171

$253
301
370
495
644

2, 369
2,867
3,123
3, 060

161 ;

221
223

4,923
4,766

184
184

972
1.027

93
94

1,153
1,259

66
70

4,096
4,366

175
181

i
1
1

i

— ;—

!

1

l

l

!

ir!

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. ill. 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 Corporation, and S. II. Kress Co.




119
Table 97.—RESTAURANT AND OTHER CHAIN STORES
RESTAURANT CHAINS

Waldorf J. R.
Childs System, ThompCo.
Inc. |son Co.

Total, 3 chains
YEAR AND
MONTH

Sales

Thous.
of dolls.

Average
per store Stores

Dollars

Number

OTHER CHAIN STORES

\

If art man n
Corp.
(furnishings)

Isaac Silver
& Bros.
Sales Stores

Sales

Thous. Numof dolls. ber

Thous. of dollars

Sales

i

Stores

Thous. Numof dolls. ber

Sales

United Cigar
Stores Co.

Stores Sales

Thous. Numof dolls. ber

mo.
mo.
mo.
mo.
mo.

av.
av.
av.
av.
av.

$710
718
756
898
1,141

$375
448
571
696

1918
1919
1920
1921
1922

mo. av.
mo. av.
mo. av.
mo. av.
mo. av.

$3, 681
3,954
4,224

$14, 050
13, 972
13, 582

262
283
311

1,228
1,384
1,828
2,110
2,127

$790
820
1,127

746
937
1,063
1,023
970

2 $170
202

26

1923
1924
1925
1926
1927

mo. av.
mo. av.
rno. av_
mo. av_
mo. av.

4,555
4,576
4,679
4,964
4,843

13, 972
13, 341
13, 681
14, 062
13, 302

326
343
342
353
364

2,308
2,298
2,367
2,493
2,400

1,263
1,237
1,229
1,272
1,247

984
1,041
1,083
1,199
1,196

1936
May
June
July
August

4,962
4,954
4,725
4,899

14, 137
14, 114
13, 423
13,839

351
351
352
354

2, 450
2,495
2,376
2,549

1,275
1,249
1,178
1,197

September..
October
November..
December..

5,179
5,172
4,918
5,334

14, 548
14, 528
13, 815
14, 899

356
356
356
358

2,682
2,593
2,466
2,699

1937
January
February. -.
March
April

5,029
4,591
5,049
5,023

13, 931
12, 717
13, 948
13, 914

361
361
362
361

4.849
4,625
. . 4,565
4,863

13, 395
12, 776
12, 610
13, 360

Stores

Thous. Numof dolls. ber

$220
297
402
701
1,240

1913
1914
1915
1916
1917

May
June
July .
August

J. C. Penney
Co.
(clothing)

45
67
80
117
165

A. Schulte, G. C. Murphy
Inc.
Co.
(cigars)
Sales Stores Sales

Stores

Thous. Num- Thous. Numof dolls. ber of dolls. ber

$2, 465
2,492
2,587
2,985
3,576

8

$1, 091
1,294
965
1,173

8
8
9
10

1,778
2,398
3,569
3,887
4,086

192
197
312
313
371

4,336
5,172
6,637
6,339
6,079

233
266
329
397
468

10
12
14
19
19

1,503
1,638
1,468
1,565
1,472

16
16
17
15
19

5,183
6,188
7,539
9,640
12, 588

475
569
671
747
891

6,272
6,232
6,266
6,687
6,682

1,237
1,210
1,171
1,153

346
329
367
336

15
15
16
16

2,112
1,630
1,222
1,643

16
16
15
15

9,798
9,092
8,325
8,085

694
697
697
723

1,326
1,335
1,259
1,373

1,171
1,244
1,193
1,262

397
464
477
951

17
18
18
19

2,046
1,605
1,391
1,440

15
15
15
15

10, 622
13, 256
13, 333
15, 986

2,537
2,319
2,522
2,443

1,267
1,154
1,284
1,382

1,225
1,118
1,243
1,198

281
311
388
465

22
22
22
22

842
1,152
1,168
2,427

16
17
17
17

362
362
362
364

2,402
2,281
2,256
2,463

1,225
1,171
1,154
1,217

1,222
1.173
1,155
1,183

410
430
415
394

21
21
21
21

1,841
1,245
1,066
1,706

$672
1,084
1,230
1,370

224
224
224
224

$120
171
186
225

45
53
63
62

2,439
2,572
2,980
3,134
3,151

1,666
1,892
2,079
2,396
2,420

250
255
268
292
299

329
419
540
713
853

75
85
88
92
113

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

622
603
612
606

88
88
88
88

735
743
746
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

686
767
799
1,822

88
90
92
92

6,331
7,497
9,968
13, 721

800
807
826
832

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

551
608
693
871

92
92
92
98

17
17
17
17

11, 632
11, 617
10,441
11, 007

885
787
842
854

6,774
6,471
6,593
6,447

3,105
3,106
3,115
3,143

2,493
2,471
2,447
2,225

290
296
296
297

733
732
735
736

98
100
103
107

SeptemberOctober
November..
December __

4,844
4,893
4,699
5,082

13, 235
13, 369
12, 804
13, 735

366
366
367
370

2,437
2,378
2,275
2,490

1,246
1,291
1,239
1,330

1,161
430
509
1,224
513
1,185
1,262 ' 1,065

20
20
19
19

1,919
1,478
1,312
1,505

18
18
19
19

13, 735
17, 165
17,054
21,796

883
889
890
891

6,473
6,822
6,534
9,475

3,139
3,143
3,148
3,151

2,164
2,231
2,076
3,233

297
297
298
299

771
875
865
2,064

108
111
115
113

1938
January
February...
March
April.

4,808
4,511
4,785
4,561

13, 019
12, 258
13,003
12, 360

369
368
368
369

2,346
2,187
2,286
2,171

1,227
1,160
1,261
1,183

1,235
1,164
1,245
1,207

312
388
480
512

22
23
23
23

907
1,096
1,234
2,185

19
19
20
20

7,722
8,906
13, 134
12, 993

913
914
930
945

5,562
5,926
6,578
6,242

3,151
3,113
3,118
3,151

1,826
1,902
2,153
1,915

300
298
296
298

598
673
788
930

113
113
111
111

4,629
4,429

12, 613
12,035

367
368

2,132
2,040

1,241
1,180

1,256
1,209

469
516

23
25

1,526
1,170

20
20

14, 830
14, 129

953
953

6,959
6,740

3,182
3,206

2,036
2,075

291
298

896
881

115
116

May
June
__
July ...
August
September
October
November.
December

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 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 the middle of 1922 until its absorption into the Waldorf System in 1927, the 1922 average including undistributed
estimate for the Ginter Company for the first five months of that year. Monthly data on K 0 basis appeared in the September, 1927,issue (No. 73), p. 21, while datafor
this q cn
1920 through 1922 for Waldorf System alone appeared in the October, 1923, issue (No. 26), p^
^"'
ix^i^-f /*„*-„ ~™ ,,~™.
4^^ — 1 ^ ^ ~ ~ ^ ± \
™—<-u~ TV*—<-v,i,,
data for Schulte Cigar Stores from 1921 appeared in June, 1923, issue (No. 22), ] '"
in May, 1922, issue (No. 9), p. Ill, and later data for Owl Drug in the August,
February, 1928, issue (No. 78). Yearly data represent number of stores in operation at end of the year indicated.
2
7 months' average, June to December, inclusive.




120

Table 98.—DEPARTMENT-STORE SALES
INSTALL
MENT3
SALES

VALUE OF SALES, BY FEDERAL RESERVE DISTRICTS 1
United States

YEAR AND MONTH

Adjusted

Unad- Boston
justed

New
York

Phila- Clevedelphia land

RichSt. Minne- Kansas
mond Atlanta Chicago Louis apolis City 2 Dallas

San
FranCisco

Per cent
to total

Relative to 1923-1925 average
1919
1920
1921
1922
1923
1924
1925
1926
1927

78
94
87
88
98
99
103
106
106

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

New
England

78
91
89
92
98
100
102
105
106

76
91
87
89
96
99
105
109
111

79
93
89
91
101
99
100
102
95

77
98
86
87
100
99
101
103
104

84
93
89
86
97
99
104
107
105

94
113
96
90
100
98
102
106
107

82
85
98
98
104
111
112

90
89
99
98
103
105
103

93
105
97
93
99
99
102
99
97

95
100
95
95

98
117
97
90
96
100
104
109
106

68
83
79
83
96
99
105
110
113

5.2
6.2
6.7

1926
January
February
March
April

106
104
101
103

89
81
102
103

101
74
95
104

94
83
98
103

86
78
103
98

83
81
98
102

87
78
107
103

86
87
103
106

87
86
107
107

85
85
105
108

85
76
93
107

79
73
92
94

91
90
107
103

91
82
109
104

9.4
8.8
5.7
5.0

May
June
July
August

107
102
104
107

107
101
78
83

104
105
77
76

106
104
76
78

105
98
70
71

106
97
78
85

108
102
78
77

114
101
77
80

116
106
84
89

105
96
72
81

101
92
81
84

92
90
72
76

112
103
76
87

107
99
91
107

5.1
3.6
5.2
8.6

109
110
100
110

101
124
121
184

97
120
119
182

104
134
129
196

88
119
124
180

97
121
113
177

91
127
132
197

89
124
123
181

118
125
123
183

105
126
122
172

103
109
101
152

98
103
107
164

109
127
121
178

109
118
116
193

5.8
5.5
7.8
3.7

1937
January
February
March
April

106
106
105
105

89
83
100
111

103
78
97
111

96
85
99
112

80
78
94
103

85
82
98
116

84
78
99
110

85
88
99
109

84
90
108
117

79
83
98
108

81
76
92
104

80
76
89
98

87
86
97
109

96
85
109
115

10.5
8.0
5.4
5.1

May... ._
June
July
August

103
104
103
111

102
101
75
89

100
110
74
84

102
109
74
84

94
97
65
73

105
99
78
93

103
100
73
80

108
99
76
86

108
107
82
99

96
93
68
90

91
91
75
92

88
86
68
83

112
95
69
80

107
95
83
114

5.2
4.3
6.0
11.2

109
105
107
111

100
119
122
186

99
115
120
182

106
128
134
201

83
109
120
174

95
113
112
176

91
121
124
195

97
128
119
191

114
119
125
185

97
127
120
177

93
109
100
155

95
106
110
165

105
125
120
191

111
119
121
195

7.5
7.0
6.7
3.9

105
105
105
103

88
85
103
102

98
78
96
99

94
89
102
103

75
72
95
90

85
85
101
101

81
82
105
99

85
91
110
102

91
94
115
113

82
85
105
99

72
72
91
82

79
77
92
92

89
88
109
102

98
92
110
114

8.6
8.2
6.3
4.8

104
105

107
103

101
112

109
112

94
94

106
100

106
102

114
98

122
113

104
94

90
84

94
84

116
98

116
101

_

September
October
November
December.

j

__

September...
October...
November
December _
1928
January
February..
March...
April
May
June
July
August.

September
October
November..
December. __

._

__

._

__

1
Compiled by the Federal Reserve Board, Division of Research and Statistics, from reports of about 560 department stores located in 250 cities, with total annual sales of
over $2,000,000,000. In all cities covered by the sample census of distribution, except Chicago, sales of reporting stores were over two-thirds of the total department-store
sales in each case. The index numbers are based upon aggregate values. The index for the United States as a whole is also shown as adjusted to allow for seasonal variations, differences in number of trading days, and variations in sales attributable to the movable Easter. Monthly data from 1919 appeared in the April, 1928, issue
(No.2 80), pp. 20 and 21, while a complete description of the methods of compilation may be found in the Federal Reserve Bulletin for February, 1928.
1925 monthly average = 100.
a Compiled by the Federal Reserve Bank of Boston from reports of selected department stores in New England.




121

Table 99.—DEPARTMENT-STORE STOCKS
VALUE OF STOCKS AT END OF MONTH, BY FEDERAL RESERVE DISTRICTS
United States
YEAR AND MONTH

Boston
AdUnjusted adjusted

New
York

Phila- Clevedelphia land

St.
Minne- Kansas
Richmosid Atlanta Chicago Louis apolis City 2 Dallas

San
Francisco

Relative to 1923-1925 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
1927 monthly average - -

79
105
89
88
98
101
101
103
102

83
97
88
94
100
100
100
100
103

79
108
92
92
98
99
103
106
104

63
77
83
89
98
101
101
100
99

77
106
90
86
97
102
101
101
101

82
107
88
90
101
100
99
102
102

82
113
98
96
103
101
96
98
101

81
81
97
101
102
104
101

82
82
93
103
104
105
100

90
111
94
93
99
100
101
96
89

99
100
114
113

89
120
97
91
97
102
101
95
87

74
96
85
88
97
102
101
104
106

1926
Januarv
February
March
April.

105
103
104
103

93
98
107
107

91
94
102
103

99
99
109
111

93
95
106
103

87
96
106
104

91
97
105
107

94
94
103
104

95
102
107
107

93
97
106
111

91
96
104
104

100
113
120
119

88
95
102
104

96
100
106
109

A! ay
June
Julv
August

101
101
101
101

103
98
94
97

101
96
91
90

107
101
98
99

98
94
88
93

103
98
92
95

102
98
92
92

98
92
91
92

102
99
92
101

104
101
99
103

101
95
89
92

116
108
107
114

99
90
86
93

106
100
98
101

September
October
November

103
103
104
102

107
114
117
98

103
111
117
98

109
116
121
101

103
113
118
98

106
113
117
94

106
117
119
96

103
110
108
88

108
116
117
96

111
118
117
96

97
99
99
80

119
126
125
100

100
103
100
79

107
113
118
97

103
102
103
102

92
97
106
106

91
95
105
107

98
97
107
109

91
95
105
103

87
96
105
106

91
97
107
107

90
100
108
110

92
97
105
105

90
95
102
103

81
87
94
95

96
109
116
115

85
92
93

97
102
109
110

101
100
101
101

103
97
94
97

106
99
95
95

105
98
95
99

98
92
89
91

102
98
93
97

103
9G
93
92

103
92
91
96

101
95
93
99

102
96
95
97

91
84
83
87

112
104
101
116

90
83
79
88

107
103
101
103

103
103
103
102

107
113
116
96

106
113
118
101

109
116
117
99

101
111
114
95

107
112
115
94

106
117
121
96

107
112
115
90

108
114
116
93

108
112
112
93

94
97
97
80

123
129
126
102

96
97
98
74

108
115
118
100

January
February
March
April

103
101
100
100

91
96
103
104

93
97
105
107

96
97
105
108

88
91
98
96

90
93
103
103

89
96
103
104

92
101
105
108

92
99
105
106

84
93
96
98

78
84
87
88

98
111
117
115

75
83
86
87

98
105
111
111

May
June __
July
August

99
98

101
95

106
97

104
98

93
86

100
94

100
95

103
96

103
95

96
91

83
78

116
108

83
76

108
102

1937
Januarv .
February.
March
April

_ -

Mav
June
July
August

___

September
October
November _
December

_

1938

September
October
November
December
j
1

Compiled by the Federal Reserve Board, Division of Research and Statistics, from reports of about 470 department stores, with 1925 stocks averaging $570,000,000 in the
aggregate. The index numbers are based upon aggregate values. The index for the United States as a whole is also shown as adjusted to allow for seasonal variations.
Monthly data from 1919 appeared in the April, 1928, issue (No. 80), pp. 20 and 21, while a complete description of the methods of compilation may be found in the Federal
Reserve Bulletin for February, 1928.
2
1925 monthly average=100.




122
Table 100.—WHOLESALE DISTRIBUTION
UNADJUSTED

ADJUSTED FOK SEASONAL VARIATION

1
Worn
Total GroWomsales, cer- Meats Dry Men's en's Boots Hard- Drugs Fu Total, Gro- Meats Dry Men's en's Boots Hard- Drugs Furcloth- cloth- and ware
ni9
cerand
nigoods ing
goods cloth- cloth- shoes ware
ture lines
ies
ies
ing
ture
ing shoes
lines
ing
I
t

,

YEAR AND
MONTH

Index numbers relative to 1923-1925
110
114
87
89
101
98
101
98
95

118
126
93
93
100
101
99
98
94

145
121
80
83
94
96
110
115
108

100
107
91
89
103
97
100
94
89

78
106
72
80
99
98
103
95
96

93
95
84
90
109
97
94
70
67

140
125
99
97
104
98
98
101
104

96
116
80
86
102
97
101
100
95

91
95
86
87
97
99
104
107
108

76
87
103
93
104
101
97

1925
September
October
November
December

117
124
99
89

110
117
106
99

118
123
106
105

123
126
98
80

155
135
75
56

112
142
55
53

111
125
100
72

107
118
100
100

116
126
108
103

122
129
109
101

100
105
100
98

101
103
100
101

110
110
111
112

98
108
99
100

103
104
99
106

78
88
81
85

91
100
96
88

99
106
102
107

108
109
107
110

108
109
104
108

1926
January
February
March
April

94
97
107
94

91
85
97
94

117
109
109
110

91
99
100
80

79
132
138
89

74
99
131
68

92
88
108
99

92
92
106
100

105
97
121
111

94
100
111
98

102
101
100
97

99
98
99
99

117
115
114
117

96
98
95
90

104
105
102
89

81
78
81
70

112
111
94
94

103
105
102
98

108
105
110
109

107
100
98
97

May
June . _ _
July
August

91
91
91
107

94
102
99
98

118
120
112
116

85
81
83
117

57
47
75
163

43
34
28
62

100
91
95
119

103
102
98
100

98
99
100
103

95
87
86
104

99
99
97
97

97
99
98
97

118
117
110
114

97
91
90
96

91
93
88
101

78
83
54
45

99
96
118
108

100
98
100
99

105
106
105
106

100
99
105
102

September _ .
October..
No vem ber_
December . -

117
111
97
84

109
107
102
94

125
123
112
106

122
104
98
71

148
105
61
44

101
111
45
42

126
113
104
76

109
109
100
93

116
125
112
100

117
120
111
94

100
94
98
95

100
95
96
96

117
110
116
113

97
90
99
89

97
83
82
87

70
69
66
66

103
90
99
94

101
97
102
100

109
108
111
107

103
101
106
100

1927
January
February
March
April

87
91
103
90

86
81
94
90

113
107
104
104

78
88
95
76

68
128
144
88

71
95
108
64

92
85
111
100

82
82
102
96

102
94
117
108

88
96
100
96

94
95
96
94

93
93
96
95

113
112
108
111

83
87
90
86

88
101
105
90

77
75
67
68

112
108
97
94

92
93
98
94

104
103
106
106

100
96
96
95

May
June
July
August-.

87
87
88
111

95
101
92
97

109
106
104
111

76
78
81
124

54
48
82
172

39
28
41
95

111
85
107
122

93
96
90
98

98
99
100
111

83
88
85
109

' 95
93
95
100

97
98
91
97

109
104
102
109

87
88
88
102

90
94
94
105

69
62
79
72

110
90
134
111

91
92
92
97

104
106
105
113

93
100
104
106

September
October
November
December

112
106
93
82

102
102
100
91

117
122
101
102

114
99
88
70

144
105
63
50

95
87
45
39

127
114
110
82

108
105
98
90

122
128
112
99

118
114
104
85

96
91
95
93

93
90
94
92

109
109
105
109

91
86
89
87

94
84
89
97

66
54
67
61

104
91
105
101

100
94
100
97

115
111
112
106

104
96
99
90

1928
January. .
February
March
April

87
93
99
86

85
85
95
88

106
108
105
105

85
89
87
70

76
128
131
75

65
88
89
53

94
87
110
99

83
82
95
89

106
101
120
112

91
89
107
88

95
97
93
89

92
98
97
93

106
114
109
112

89
88
83
78

101
99
94
77

70
70
55
57

114
109
96
93

93
93
91
87

108
109
110
110

104
95
95
87

89
84

96
97

109
114

75
71

57
39

35
21

114
76

97
95

109
103

87
83

96
89

99
94

109
112

87
79

96
77

62
49

113
81

94
91

116
109

92
95

1919
1920
1921
1922
1923
1924
1925
1926
1927

mo. av
mo. av
mo. av
mo. av
mo. av _
mo. av
mo. av
mo. av
mo. av

May
June
July
August

...

September
October
November
December.

I

1
Compiled by the Federal Reserve Board, Division of Research and Statistics, from reports of 362 firms on groceries, 61 meat-packing companies on meats, 146 firms on
dry goods, 13 firms on men's clothing and 40 firms on women's clothing (both classes for the New York district alone), 89 wholesale dealers and manufacturers, 186 firms
on hardware, 92 firms on drugs, and 87 wholesalers and manufacturers on furniture, a total of 1,076 firms. Prior to 1923, fewer firms reported, but these differences are taken
care of in the construction of the index as percentages of the sales of identical firms between the given month and the base period (1923 to 1925). The various lines are
weighted in accordance with the manufactured value of the respective lines according to the censuses of manufactures of 1923 and 1925. A complete description of the construction of this index, including seasonal variations, is presented in the Federal Reserve Bulletin for December, 1927, p. 817. Monthly data from 1919 appeared in the
January, 1928, issue (No. 77) of the SURVEY, p. 21.




123

Table 101.—LIFE INSURANCE—NEW BUSINESS AND PREMIUMSl
(Association of Life Insurance Presidents)
PREMIUM COLLECTIONS

NEW BUSINESS

!

Ordinary

YEAR AND MONTH

j|

Group

Number Thouof
sands of
policies dollars

Total

Num- Number Thou- Number Number
Thouber of
of
of policies of policies sands of
con- certifi- sands of
and
2
dollars contracts and cerdollars
tracts cates
tificates

Indus- Group
trial

Total

Number
of
policies

Thousands of
dollars

average
average
average
average
average
average
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
1927 monthly average

205, 276
163, 313
166, 781
195, 841
196, 841
214. 168
219, 762
220, 229

464, 189
381, 688
419, 585
502, 495
532, 347
616, MJ
650, 368
650, 367

499, 938
550,065
582, 102
662, 259
703, 769
804, 380
782, 247
823, 700

93, 044
104, 813
118, 233
143, 338
163, 630
196, 598
213, 838
222, 278

190
58
96
158
132
165
196
197

38, 491
10, 299
21, 345
34, 847
29,916
45, 533
62, 690
41, 749

35, 478
9,257
22, 885
43, 337
49, 814
83, 232
87, 550
68, 698

705, 404
713, 437
748, 979
858,257
900, 741
1, 018, 713
1, 002, 205
1, 044, 126

743, 705
723, 678
770, 229
892, 946
930, 525
1, 064, 080
1, 064, 699
1, 135, 678

592, 711
495, 758
560, 703
689, 170
745, 790
896, 381
951, 757
941, 343

75, 462
81, 424
89, 242
99,631
110, 287
125, 119
130, 882
145, 026

20,342
22,587
25,751
30, 057
34, 178
39, 119
44, 775
50, 189

1,498
1,545
1,621
2,092
2,618
4,625
4,893
5,420

97, 302
105, 556
116, 614
131, 779
147, 083
168, 863
180, 549
200,635

184, 846
192, 677
239, 720
227, 169

560,289
597, 429
724, 454
675,296

817, 246
653, 943
844, 659
787, 138

227, 158
174, 782
230,203
215, 504

200
152
190
163

40, 794
52,250
44, 257
60, 919

56, 280
83,088
72, 368
80, 663

1, 002, 292
846, 772
1, 084, 569
1, 014, 470

1, 042, 886
898, 870
1, 128, 636
1, 075, 226

843, 727
855, 299
1,027,025
971, 463

124, 695
123,456
142, 143
139, 123

41,247
37, 801
43, 344
40, 763

5,007
8,107
4,814
3,240

170, 949
169, 364
190, 301
183, 126

236, 209
237, 020
221, 697
198, 686

702,309
704, 852
658, 562
595, 929

859, 630
743, 137
716, 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,
132,
133,
117,

553
268
755
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

184,
219,
221,
273,

843
049
457
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
44, 213
70, 363
214, 277

73, 456
62, 353
100, 448
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
245, 374
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 : 866, 942
972, 901
46, 119
103, 057 1, 136, 112
1
46, 960 1,098,600

918, 717
1, 005, 177
1,200,737
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
236, 429
216, 956
211,482

699, 846
696, 742
638, 866
625, 510

902,
816,
732,
781,

343
966
665
361

241, 662
221, 780
200, 835
211, 157

197
189
161
138

30, 805
41, 042
29,100
30, 488

1,136,269
1, 053, 584
949, 782
992, 981

1, 166, 877
1, 094, 437
978, 721
1, 023, 331

987, 191
986, 339
893, 930
880, 644

145,
151,
140,
137,

256
009
517
510

45, 750
46, 584
47, 108
49, 220

4,943
5, 164
5,123
5,327

195, 949
202, 757
192, 748
192, 057

186,
212,
203,
256,

526, 564
615, 753
582, 000
725, 847

745, 664
992, 140
940, 847
783, 539

200, 622
265, 974
252, 738
211, 076

115
148
208
491

13, 496
23, 797
27, 928
124, 123

931,869
31, 475
48, 625 1, 205, 212
76,900 1, 144, 684
165,025 1 1, 040, 576

945, 250
1, 228, 861
1, 172, 404
1, 164, 208

758, 661
930, 352
911, 698
1, 101, 948

131, 763
140, 041
145, 581
168, 114

45, 741
49, 272
48, 273
89, 926

4,317
5,792
4,862
6,448

181, 821
195, 105
198, 716
264, 488

1
]

Industrial

(new and renewal)

Ordinary

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly

Thousands of dollars

1936
January
February
March
April

May
June
July
August

._ _ .

September
October
| November
December

1927
^ January
j February
March
April

__

j May
i June
July
August

__

September
October
November
3 December

1928
January
February
March
April
May
June
July. ._
August
September _.
October
November
December _ _

_

090
924
629
546

45, 683
67, 817
54, 229
43, 977

183, 511
212, 120
264, 939
228, 861

575, 127 901, 786
651, 037 846, 745
790, 827 1, 049, 955
706, 852 980, 796

236,
221,
273,
259,

303
948
551
962

125
175
202
159

26, 408
53, 800
35, 788
36, 705

46, 841
91, 505
57, 986
62, 007

1, 085, 422
1, 059, 040
1, 315, 096
1, 209, 816

858, 271
1, 111, 705
1, 112, 665
964, 490
1, 350, 682 1, 122, 364
1, 246, 362 1, 028, 821

148, 947
154, 292
168, 961
157, 836

54,564
48, 193
51, 013
50, 691

7,618
17, 623
6,465
5,928

211, 129
220, 108
226, 439
214, 455

276, 180
298, 845

749, 297
767, 865

216, 396
214, 882

172
190

48, 839
51, 895

205, 195
113,711

1,115,805
1, 139 347

1, 164, 472
1, 191, 052

165, 718

52, 184

5,930

223, 832

839, 453
840, 312

1, 170, 888
1, 096, 458

1

1
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 vmd 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 rnay have several policies
of ordinary insurance and in addition hold a certificate under a group contract.




124

Table 102.—LWE INSURANCE—ASSETS AND NEW BUSINESS BY DISTRICTS
ADMITTED ASSETS
(41 companies) * (Association of Life Insurance Presidents)
Mortgage loans
YEAR AND
MONTH

Grand;
totai

Total

NEW BUSINESS, ORDINARY INSURANCE
(81 com panics)2 (Life Insurance Sales Research Bureau)

Bonds and stocks (book values)

Government

All
Farm other Total

Policy
loans United Eastern Western Western
Far
and States, manu- manu- agricul- South- westPubpreern
Rail- lic All mium total factur- factur- tural
ern
ing
ing
road utili- other notes
ties

Millions of dollars

Thousands of dollars

1921 mo av i
1922 mo. av
1923mo. av__
1924mo.av__
1925 mo. av__
1926 mo. av._
1927 mo. av_.

$7, 409
8,091
8, 944
9,935
11, 043

$2, 694
3,138
3,607
4,211
4,829

$1, 261
1,405
1,496
1,564
1,613

$1, 432
1,734
2,111
2, 647
3,216

$3,327
3, 428
3, 653
3,887
4, 151

$1, 219
1, 119
1, 053
971
922

$1, 750
1,849
1,975
2, 117
2,230

$281
365
521
686
852

$77
95
105
113
147

$928
995
1,070
1,177
1,308

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,
640,
790,
743,

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, 666
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

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

3,975

948
937
936
920

2,148
2,156
2, 161
2,172

715
729
740
756

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

May
June
July
August

10,896
10, 982
11, 078
11, 172

4,764
4,806
4,847
4,898

1,615
1,617
1,620
1,622

3,149
3,189
3,227
3,276

4,085
4,117
4,152
4,192

914
915
920
923

September -.
October
November _ _
December._-

11, 268
11,381
11, 484
11, 597 !

4,941
4,982
5,019
5,062

1,620
1,621
1,620
1,618

3,321
3,361
3,399
3,444

4,216
4,262
4,323
4,374

1928
January
February
March
April

11, 704
11, 796
11, 893
12, 001

5, 103
5,129
5,153
5,199

1,615
1,613
1.604
1,602

3,488
3,516
3,549
3,597

12, 107

5,241

1,601

3,640

May
June
July
August
September..
October
November
December

""!

1

$425, 092
459, 292
549, 296
591, 172
672, 286
700, 730
710, 962

$154,
174,
208,
234,
267,
279,
286,

321
242
526
969
430
875
505

$90, 152
98, 380
121, 194
128, 465
144, 071
152, 474
158, 233

$81, 074
78, 899
90, 912
93, 252
107, 277
110, 174
107, 241

$57, 145
61, 645
72, 403
73, 374
85, 312
88, 133
87, 492

$42, 400
46, 126
56, 261
61,112
68, 197
70, 075
71, 491

639
775
669
635

241,
266,
314,
301,

508
359
969
053

121,
140,
177,
156,

408
076
861
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

1,163
1,174
1,184
1,194

735, 724
749, 567
702, 129
649, 023

299,
289,
279,
241,

463
847
650
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

113
119
120
127

1,202
1,210
1,219
1,229

597,
656,
691,
879,

667
362
520
049

222,
262,
283,
356,

265
334
297
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

764
775
792
806

131
136
137
140

1,240
1,252
1,268
1,282

601,
673,
836,
778,

985
855
995
451

257,
293,
356,
316,

734
294
736
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

2,210
2,225
2,234
2,242

816
831
850
876

145
146
148
151

1,291
1,305
1,316
1,327

752,
763,
680,
681,

267
495
076
654

309, 265
309, 396
267, 873
261, 413

163, 551
165, 803
151, 721
154, 708

110, 340
115, 180
105, 250
103, 638

91,834
99,022
86, 058
86, 549

77,277
74,094
69, 174 ]
75,346 i

44, 553
45, 298
39, 962
38,360

919
928
940
934

2,259
2,268
2,287
2,299

887
911
942
974

151
155
154
167

1,338
1,347
1, 358
1,369

606,
659,
662,
833,

760
375
688
944

237, 184
257, 543
254,111
316,931

138,
148,
150,
188,

441
380
447
770

93,224
103, 663
106, 310
131, 530

76,998
82, 706
84, 189
113, 184

60,913
67,083
67, 631
83,529

35, 302
48, 104
44, 935
48, 899

4,417
4,454
4,506
4,563

938
939
939
943

2,311
2.329
2,345
2,359

1,004
1,017
1,050
1,064

164
169
172
197

1,383
1,396
1,412
1,426

609,
731,
832,
769,

228
145
250
263

261,
318,
343,
314,

893
664
463
944

130, 338
160, 185
185, 240
165, 567

90,662
104, 811
127, 286
119,317

68, 847
81, 213
96, 766
94,128

57,483
66, 272
79, 495
75, 307

47, 569
40,290
44, 823
46, 718

4,605

928

2,372 1,097

208

1,442

834, 557
805, 695

343, 822
333, 895

180, 589
176, 121

128, 943
121,089

99, 513
96, 796

81, 687
77,794

49, 870
51, 844

o 057

1

$30, 847
28, 421
30, 487
32, 597
35,406
39,304 j
41, 870

i
I

"II

CANADIAN
SALES,
ORDINARY 3

1

|

!

"

i "

Compiled by the Association of Life Insurance Presidents from special reports of 41 companies having 82 per cent of the total admitted life insurance assets of United
States legal reserve companies; the data are given as of the end of each month and are designed to show the fluctuations in the character of investments of life insurance
companies. Admitted assets embrace all assets permitted by statute to be included for testing the solvency of the companies; in addition to the items separately listed,
the total also includes real estate, collateral loans, cash, bills receivable, interest due and accrued, deferred and unpaid premiums, etc. Of the bonds and stocks, approximately 98H per cent are bonds and 1^ 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, 1927, 90 per cent of the total ordinary legal life reserve in force in the United States. Monthly data for 1921 were given in the April,
1924, issue (No. 32), p. 56. The Eastern Manufacturing district includes Maine, New Hampshire, Vermont, Massachusetts, .Rhode Island, Connecticut, New York, New
Jersey, and Pennsylvania; Western Manufacturing district—Ohio, Indiana, Illinois, Michigan, and Wisconsin; Western Agricultural district—Minnesota, Iowa, Missouri.
North Dakota, 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. Data on lapses are presented on p. 138 of the present issue.
2
Compiled by the Life Insurance Sales Research Bureau from reports of companies which had on Jan. 1, 1927, 84 per cent of the legal reserve ordinary business in fores
in Canada. Details by Provinces are given in the bureau's monthly reports.




125

Table 103.—BANKING

YEAR AND
MONTH

In New Outside
New
York
York
Cityi
City i

CONDITION OF
REPORTING MEMBER
BANKS 3
(end of month)

CONDITION OF FEDERAL RESEUVE
BANKS 3 (end of month)

CHECK PAYMENTS

Bills Notes Total Total
Canadis- in cirreda 2
count- cula- invest- serves
ments
ed
tion

Total
deposits

SAV.
DEPOSITS
(end
mo.)
To N. Y. Stock
4
N. Y,
Exeh. mem.
Total
Total
By New State
Net
Reloans
York
serve and dis- invest- demand
RatJo banks 5 savings
ratio counts ments deposits Total to nikt
banks 6
value
Per
cent

Millions of dollars

7 $696
1,157
977

$3, 364
4,230
4, 617
4, 968
5,464
5,579
5, 984

10, 178
10, 855
11, 143
12, 065
12, 892
12, 976
13, 301

$3, 123
3, 646

8.76
8.30

1,319
1,391
1, 565
2, 336
2,704
3,137

2,636
2,800
3,091
3,259
3,491
3,718
4,020

14, 200
14, 297
14, 359
14, 353

5,540
5,662
5,914
5,924

12,879
12, 904
13,006
13, 041

3,139
3,256
3,290
3,341

8.13
8.14
8.19
8.24

2,732
2,813
2,803
2,883

3,890
3,905
3,975
3,965

76.8
77.6
79.7
78.3

14, 625
14, 718
14, 488
14, 697

5,977
6,050
5,992
5,927

13, 414
13, 381
13, 200
13, 349

3,458
3,589
3,642
3,674

8.13
8.50
8.10
8.06

3,062
3,118
3,141
3,184

3,974
4,036
4,025
4,035

2,390
2,404
2,413
2,473

76.3
74.4
71.2
66.8

14, 942
15,029
15, 214
15, 433

6,042
6,065
6,329
6,386

13,230
13, 464
13, 954
13, 786

3,915
3,946
4,092
4,433

8.22
8.57
8.43
8.91

3,306
3,372
3,511
3,718

4,090
4,085
4,097
4,166

2,971
2,974
2,931
2,868

2,452
2,426
2,404
2,494

73.7
74.1
73.8
70.2

15, 265
15, 143
15,442
15, 951

6,575
6,558
6,627
6,637

13, 888
13, 716
13, 523
13, 946

4,420
4,323
4,640
4,908

8.99
8.91
8.86
8.95

3,816
3,722
3,825
4,282

4,193
4,204
4,252
4,262

2,757
2,693

2,408
2,459

68.9
65.4

15, 893
16, 089

6,683
6,647

13, 628
13, 574

5,274
4,898

9.46
9.25

4, 469
4,307

4,253
4,301

$144
231
466
592
685

$384
586
1,261
1,991
2,190
2,126

$1, 154
1,738
1, 937
1,922

17, 258
19, 988
19, 866
21, 961
26, 114
28, 255
32, 630

15, 995
16, 626
18, 777
19, 013
21, 368
22, 426
23, 529

1,401
1,304
1,392
1,367
1,346
1,414
1,642

1,755
550
751
362
500
581
447

2,664
2,215
2,239
1,866
1,689
1, 707
1,714

338
618
399
583
646
627
688

2,672
3,149
3,192
3,196
2,869
2, 955
3,111

1,744
1,851
1,941
2,111
2,247
2,286
2,358

$11,927
61.4
10, 953
77. 5
11, 788
76.4
80.4
12, 343
74.8 ! 13, 450
74.1
14, 141
14, 696
76.5

1937
.Tanuarv
February. _ _
March __ _
April

31, 258
27, 439
34, 492
32, 007

23, 457
20, 781
24, 028
23, 579

1,454
1,251
1,443
1,473

365
435
456
444

1, 688
1, 717
1,711
1,718

607
602
593
562

3,133
3,144
3,183
3,207

2, 245
3,290
2,328
2,314

79.6
78.5
78.8
79.5

May
June
July
August

31, 270
33, 008
30, 750
31, 653

22, 873
23, 812
22, 937
22, 054

1,645
1, 586
1,476
1,474

497
477
398
401

1,740
1,703
1,662
1,676

593
594
556
658

3,154
3,184
3,181
3,146

2,367
2,399
2,330
2,341

September.
October
November..
December..

33, 369
34, 091
33, 282
38, 938

23, 387
25, 117
23, 809
26, 509

1,583
1,849
2,159
2,311

430
379
477
609

1,706
1,717
1,717
1,813

737
862
903
990

3,126
3,067
2,940
2,862

1938
January
February. _.
March
April _

37, 884
32, 740
44, 786
41, 778

25, 007
21, 755
25, 847
25, 225

1,871
1,665
1,812
1,729

423
493
524
757

1,577
1,588
1,567
1,591

812
752
733
656

45, 270
45, 455

26, 346
27, 029

2,279
1,746

944
1,191

1,593
1,660

525
430

May
June
July
August

!
$9, 260
10 576
11, 302

$17, 598
20, 133

$89
185
606
1,911
2,618
3,154

1921 mo. av_
1922 mo. av,
1923 mo. av.
1924 mo. av_
1925 mo. av_
1926 mo. av_
1927 mo. av_

Mills, of dolls.
$1, 725
1,772
1,805
1,918
1,989
2,017
2,223
2, 465

$29
24
224
1,158
1,936
2,557

$20, 343
20, 119

Per
cent

Millions of dollars

$775
659
637
859
1,021
1,115
1,351
1,632

1913 mo. av_
1914 mo. av.
1915 mo. av
1916 mo. av
1917 mo. av_
1918 mo. av_
1919 mo. av_
1920 mo. av.

BROKERS' LOANS
(end of month)

i
94.6
83. 5
75.6
57.0
50.2
43.5

!

i

!

September..
October
November..
December..
i Check payments for the United States are represented by debits to individual accounts as collected by the Federal Reserve Board from about 150 of the larger clearinghouse 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. Data on clearings have been discontinued owing to the variation in number of centers reporting, the annual averages back to 1913

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
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. The ratio to market value is based on the market value of all stocks listed on the New York Stock Exchange on the same date computed from actual sales. Monthly
data from 1926 are given on p. 138 of the present issue.
5
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
19176were published in the November, 1926, issue of the Federal Reserve Bulletin, pp. 779-786.
.
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, totalY
ing 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.
? 3 months' average, October to December, inclusive.



126
Table 104.—GOLD, SILVER, AND MONEY
GOLD

YEAR AND MONTH

Imports 1

Exports1

Thousands of
dollars

Mone- Domestary
tic
stock, receipts
end of at mint
month
(3)
(2)
Millions
of dolls.

MONEY IN
CIRCULATION^

SILVER
Stocks, end
of month s

Production «

Imports
1

Band
output
0)

C)

Exports

0)

United Canada Mexico U.S. CanStates
ada

Thousands of
dollars

Fine ounces

Price
in
New
York 4

Total

Dolls,
per fine Mills, of
dolls.
ounce

Thousands of fine ounces

Per
capita

Dollars

1913 monthly average.
1914 monthly average.
1915 monthly average.
1916 monthly average.
1917 monthly average.

$5, 309
4,782
37, 663
57, 166
46, 038

$7, 650
18, 551
2,619
12, 999
30, 990

148, 050
155, 083
157, 830
133, 597
112, 495

732, 779
698, 275
757, 823
772, 128
751, 855

$2, 989
2, 103
2,874
2,689
4, 445

$5, 231
4,300
1,467
5,883
7,011

5,567
6,038
6,247
6,201
5,978

$0 598

1918 monthly average.
1919 monthly average
1920 monthly average.
1921 monthly average.
1922 monthly average.

5,170
6,378
35, 729
57, 604
22, 931

3,422
30, 682
26, 841
1,991
3,073

$3,814

86, 472
71, 093
62, 377
80, 183
86, 314

701, 722
694, 174
679, 801
676, 210
585, 009

5,948
7, 451
7, 33S
5, 270
5, 901

21, 071
19, 918
9, 468
4, 298
5,234

5, 651
4,723
4,714
4,477
4,623

1,084
1,416

5,372
6,756

1,091
446

655
636

.964
1 111
1 010
.621
.675

$4, 541

1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly

26, 893
26, 643
10, 690
17, 792
17, 295

2,387
5,137
21, 887
9,642
16, 788

4,074
4,451
4,379
4,454
4,555

84, 044
90, 234
87, 693
85, 390
81, 077

761, 088
799, 803
799, 975
830, 238
844, 200

6,204
6, 162
5, 383
5, 800
4, 589

6,039
9,158
8,261
7,688
6,302

5,514
5,362
5, 115
5,077
4,929

,418
,412
,395
,771
,743

7,568
7,620
7,743
8,191
8,715

459
719
453
542
384

409
544
442
839
701

.647
.668
.691
.621
.564

4, 837
4,891
4,884
4, 941
4,898

15, 987
8,857
16, 738
17,004

23,081
1,156
7,727
7,196

4,466
4, 473
4,477
4,492

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

4, 978
5,021
5,037
5,095

59, 355
22, 309
16, 382
14, 503

14, 890
2,414
5,625
2,592

4,564
4,586
4, 597
4,610

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
8,332
7,737

700
207
212
602

1,300
391
1,023
723

.558
.579
.553
.564

4,846
4,885
4,862
4,891

41.65
41.94
41.70
41.95

34, 212
14, 611
10, 738
7,877

2,510
1,840
1,803
1,524

4,608
4,587
4, 580
4,588

66, 956
66, 411
91, 428
91, 245

859, 479
855, 154
851, 861
863, 345

5,083
4, 790
4, 288
4, 856

6,026
5 441
6,650
5,590

4,811
4,931
4, 838
5,145

1,393
1,614
1, 752
2,388

7,791
9,244
9,197
9,372

231
284
904
508

602
474
847
624

.563
.568
.564
.547

4,893
4,851
4,846
4,854

41. 88
41.48
41.40
41.42

September
October . .
November
December

12, 979
2, 056
2,082
10, 431

24,444
10, 698
55, 266
77, 849

4, 571
4,541
4, 451
4,379

103, 240
97, 103
91, 840
75, 575

842, 118
855, 742
848, 059
851, 225

4, 992
5. 069
5, 102
3, 770

6,627
5, 945
5, 634
7,186

4,691
4,980
5,010
5,015

2,023
1,696
1,739
1,723

7,909
8,273
10, 794
10, 437

293
178
136
353

761
494
567
608

.554
.560
.575
.580

4,948
4,946
4,952
5,003

42. 19
42.12
42. 13
42.52

1928
January
February
March
April. - -

38, 320
14,686
2,683
5,319

52,086
25,806
97, 536
96,469

4,373
4,362
4,305
4,266

73, 624
72, 119
67, 872
65, 166

843, 857
816, 133
877, 380
825, 907

6,305
4,658
5,134
4,888

6,692
7,479
7,405
6,587

4,980
4,490
5,333
4,668

1,433
1,272
1,469
1,388

7,955
7,572
10, 861

574
170
461
128

1,141
547
803
550

.571
.570
.572
.574

4,677
4,690
4,749
4,748

39.71
39.79
40.24
40.20

1,968
20,001

83, 689
99, 932

4, 160
4,109

75, 983
70, 205

886, 186
862,000

4,247
6,206

6,712
7,451

4, 774
4,967

1,222
1,439

133
479

456
707

.603
.600

4,744
4,796

40.12

average.
average.
average.
average.
average.

1926
September
October
November
December .
1927
January . .
February
March
April

. _

May
June
July
August.

May
June
July
August..
September
October
November
December
1
2

-

""

548
497
657
.814

$41. 87

-|!

Imports and exports of gold and silver from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
Compiled by the Federal Reserve Board, consisting of gold held in the Treasury and Federal reserve banks plus the amount in circulation. Gold held abroad by Federal
reserve banks is included but gold in the United States earmarked for foreign account is excluded. The amount of minor coin is also included in the gold figures. Complete
details are shown in the Federal Reserve Bulletin for December, 1927. Monthly data from 1922 appeared in the June, 1928, SURVEY (No. 82), p. 22.
3
Domestic receipts of unrefined gold at U. S. mint from U. S. Treasury Department, Bureau of the Mint.
4
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.
5
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), p. 25.
6
Compiled by the U. S. Treasury Department and representing all money held outside the Treasury and the Federal reserve system and including gold and silver coin
and certificates, minor coin and notes. Details by classes of money are presented in the monthly circulation statement of the Treasury. These data revise previous figures
and include minor coin, also. Monthly data from 1922 appeared in the June, 1928, issue (No. 82), p. 22. A complete description of the revised computation is presented in
the Federal Reserve Bulletin for December, 1927.




127
Table 105.—PUBLIC FINANCE, INTEREST RATES, AND BOND YIELDS
UNITED STATES GOVERNMENT FINANCES i

YEAR AND MONTH

Gross
debt,
end of
mo.

Mills,
of dolls.

Customs
receipts

Total
ordinary
receipts

INTEREST RATES

Prime
Call Time Prime bankOrdiloans loans co in I. ers'
ac- Fed.
nary
re90 paper cept- land
expendi- new- days 4-6 ances banks
al
mos.
tures
(4)
90
(2)
(2)
(2)
days
(2)

$1, 193 $26, 512
1,188 24,344
1,191 17, 439
1,225 17, 636
2,976
18, 832

$60, 315
61, 195
57, 972
65, 003
94, 037

$60, 474
61, 282
63, 353
61, 250
165, 025

3.26
3.72
1.98
2.57
3.33

4.64
4.37
2.85
3.25
4.62

1918 monthly
19 19 monthly
1920 monthly
1921 monthly
1922 monthly

av__.
av__.
av__.
av__.
av__.

12, 244
25, 482
24, 298
23, 976
22, 964

15, 000
15, 371
26, 909
25, 714
29, 704

305, 382 1, 058, 153
429, 355 1, 543, 575
557, 880 540, 174
468, 744 461, 517
342, 425 316, 275

5 24
6.27
7.78
5.98
4.29

5 90
6.17
8.26
6.45
4.63

7.46
6.56
4.48

1923
1924
1925
1926
1927

av__.
av__.
av__.
av___
av__.

22, 350
21, 251
20, 516
19, 643
18, 510

46, 827
45, 470
45, 630
48, 286
50, 458

333, 928
334, 337
315, 012
330, 813
344, 116

308, 123
292, 223
294, 137
298, 749
291, 132

4.85
3.08
4.20
4.50
4.06

5. 17
3. 75
4.27
4.61
4.34

1937
May.
June
July
August

18, 874
18, 510
18, 463
18, 380

45, 615
48, 988
50, 481
52, 982

170, 370
742, 691
173, 970
202, 182

213, 028
363, 717
203, 579
259, 181

4.26
4.33
4.05
3.68

September
October
November
December

18, 478
18, 369
18, 174
18, 036

54, 410
56, 617
47, 660
43, 113

590, 192
221, 205
149, 683
652, 708

287, 442
413, 220
406, 830
354, 178

3.80
3.90
3.60
4.38

1928
January
February _
March.
April

18, 050
17, 951
17, 937
17, 848

41, 975
42, 130
48, 277
45, 740

168, 840
228, 118
641, 626
169, 965

17, 756
17, 604

41, 438
44, 162

164, 932
678, 927

May.
June
July
August

_.

September
October
November
December

15
utilities
(3)

15
municipal
0)

Per cent

av
av
av___
av__.
av___

monthly
monthly
monthly
monthly
monthly

Treas. LibInter- Redis. notes erty Total,
15
60
15
nied. N.Y.
inand and
railcredit Fed. certs. Treas. high- roads dusRes.
grade
trial
banks Bk.
3-6
bds.
(3)
mos. bds.
(4)
(3)
(5)
(2)
(8)
(2)

Thousands of dollars

monthly
monthly
monthly
monthly
monthly

1913
1914
1915
1916
1917

BOND YIELDS

6 5.50

5.00
5.00
5.00

4.64
4.58
4.66
4.53
4.80

4.42
4.46
4.64
4.49
4.79

4.99
4.93
4.97
4.89
5.09

4.94
4.87
4.88
4.79
5.09

4.22
4.12
4. 16
3.94
4.20

6.08
5.24
3. 51

5 83
5.67
5.50
5.83
5.67

5 00
5.00
6.50
5.88
4.20

4.83
3.47

5.45
5.37
4.35

5.23
5.25
5.88
5.79
4.94

5.20
5.29
5.79
5.57
4.85

5.45
5.40
6.01
5.96
5.21

5.76
5.84
6.73
6.56
5.46

4.50
4.46
4.98
5.09
4.23

5.01
3.88
4.03
4.35
4.11

4.10
2.97
3.29
3.59
3.45

5.63 " 5. 50
5.75 5. 17
5.25 4.58
5.41 4.71
5.19 4.50

4.46
3.67
3.46
3.84
3.79

3.93
2.77
3.03
3.25
3.11

4.45
4.09
3.99
3.95
8
3. 46

4.98
4.85
4.72
4.60
4.47

4.98
4.78
4.67
4.51
4.31

5.26
5.21
5.06
4.91
4.83

5.41
5.22
5.06
4.90
4.78

4.25
4.20
4.09
4.08
3.98

4.38
4.50
4.44
4.13

4.13
4.25
4.25
4.00

3.63
3.63
3.50
3.13

5.19
5.17
5. 19
5.17

4.50
4.50
4.50
4.50

4.00
4.00
4.00
3.50

3.33
3.09
2.96
2.70

8

3.44
3.47
3.48
3.45

4.46
4.51
4.51
4.48

4.29
4.35
4.34
4.32

4.83
4.87
4.86
4.81

4.77
4.80
4.81
4.78

3.94
4.00
4.02
4.00

4.13
4.32
4.19
4.13

4.00
4.00
4.00
4.00

3.13
3.25
3.25
3.25

5.17
5.17
5.17
5.15

4.50
4.50
4.50
4.50

3.50
3.50
3.50
3.50

2.81
3.08
3.04
3.17

3.44
3.43
3.39
3.34

4.45
4.43
4.42
4.40

4.27
4.24
4.19
4.17

4.80
4.79
4.79
4.79

4.75
4.75
4.76
4.72

3.96
3.93
3.93
3.90 ,

349, 142
173, 283
248, 258
326, 709

4.24
4.38
4.38 ' 4.56
4.47 4.63
5.G8 4.94

4.00
4.00
4.13
4.38

3.38
3.50
3.50
3.75

5.15
5.06
5.06
5.06

4.50
4.58
4.60
4.60

3.50
4.00
4.00
4.00

3.31
3.33
3.27
3.62

3.35
3.36
3.30
3.32

4.38
4.38
4.37
4.38

4.18
4.20
4.21
4.24

4.76
4.79
4.77
4.78

4.68
4.65
4.62
4.56

3.89
3.89
3.89
3.93

217, 091
404, 607

5.70
6.21

4.50
4.88

4.00
4.07

5.47
5.47

4.60
4.60

4.50
4.50

3.90
3.97

3.35
3.40

4.42
4.50

4.27
4.35

4.81
4.91

4.57
4.66

4.02
4.09

5.25
4.09

1

i.

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 on 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 Compiled by the Federal Reserve Board, except time loans prior to 1926 and call loans prior to 1921, which are from Ogle, Dunn & Co. Time-loan rates are those prevailing on the New York Stock Exchange for 90-day time loans, while call-loan rates are average renewal rates on the New York Stock Exchange. Monthly data from
1909 3appeared in the June, 1928, issue (No. 82), p. 21.
Compiled by the Standard Statistics Co., representing arithmetic averages of the yields to maturity on the individual high-grade bonds, calculated from averages of the
high and low prices of the month. For the year 1914, when the exchanges were closed for several months, the average for railroad bonds excludes the months of August
through October, the averages for industrials and public utilities exclude August through November, and the average for municipals excludes August through December.
4
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 108. 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.
5
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.
6
Average of 8 months, May to December, inclusive.
7
Average of 10 months, March to December, inclusive.
8
Beginning with 1927, Liberty bonds are excluded, and the average yield is calculated upon 3 issues of Treasury bonds (3%, 4, and 4M) to their last redemption dates
(1952 to 1956). Prior to 1927 the yield is calculated on Liberty bonds only.




128
Table 106.—SECURITY PRICES AND SALES
!

YEAR
AND

MONTH

Com- 5 LibCom10
10
South- Com- high- sec10
10
bined
25
25
bined
bined
ern
erty
in clex indus- rail- cotton index
est
ond public indus- index
and
utility trial
(103
(40
(66
trials roads mills
grade grade bonds bonds
Treas4
4
bonds) rails
stocks)
rails
bonds) ury
5
6
6
()
()
3
6
6
6
7
()
()
()
()
()
()
()
()
Dollars per share

Per cent of par value of 4 per cent bond

$58. 19
58.08
75. 35
99.14
85.44
80.98
105. 77

$82. 97
77. 57
73. 16
80. 05
69.12
61.34
62.06

75. 78
80.49
75 58
69. 84
69.07

89.79
92. 45
87.43
80.02
77. 89

75. 55
78. CO
72.42
60. 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
130. 69

107. 21
79.38
98.58
107. 78
115.08
152. 65
165. 70
214. 54

55. 94
53.21
62.38
60.15
67.18
82.48
93.27
113.81

$138. 45
124. 68
116.99
114. 25
111. 29

59.70
60.15
74.11
71.72
74.32
77.04
80.36
83.69

71.33
74. 39
85.50
82.86
85.11
86. 96
89.14
94. 47

58. 54
61. 43
71.76
67.71
71.96
76. 69
81.21
85.28

51.99
53.92
67. 50
66. 26
68.93
70.81
74.40
77.47

1926
Sept
Oct
Nov
Dec

114.48
111.61
115.32
117.43

172. 20
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

1927
Jan
Feb
Mar
Apr

115. 29
119.69
120. 30
121. 65

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

May
June
Julv _..
Aug

131.18
125. 45
135. 83
141. 17

209. 83
211.25
221. 90
229. 99

113.60
115.63
117.00
117. 42

111.93
112. 34
112.48
111.05

83.37
82.69
82.81
83.98

Sept
Oct
Nov
Dec

140. 67
130. 15
142. 63
144. 26

242. 66
233. 36
237. 84
242. 50

119. 95
117. 84
120. 04
119. 68

109. 85
111.31
111.94
112. 36

1938
Jan
Feb
Mar
Apr

142. 13
139. 30
147. 91
159. 16

242.
239.
256.
263.

25
32
36
34

118. 29
115. 20
119.00
123.09

162. 58
147. 69

267. 38
252. 94

125. 39
118. 64

1913 in. a.
1914 m.a.
1915m. a.
1910 m.a
1917 m.a.
1918 m.a.
1919 m.a
1920
1921
1922
1923
1924
1925
1926
1927

m.a.
m.a.
m.a.
m.a.
m.a.
m.a.
m.a.
m.a.

May
June
July _
Aug

BOND NEW YORK STOCK2 EXCHANGE
YIELDS
SALES
0) 1

BOND PRICE INDEXES

STOCK PRICES

Munici- Stocks
pal
bonds

16
foreign

Per
cent

Per cent of par value

Mis-

cellaneous
bonds

Thous.
of shares
6,924
3,992

26, 073

$41, 499
56, 959
79, 623
94, 199
61, 866
47, 544
71, 322

14, 448
19, 404
15, 378

11,948

£T

Total
bonds

bond's j|

Thousands of dollars
par value

4.45
4.16
4.23
4.06
4.31
4.58
4.50

70 51
75.89
71 35
69. 36
70.76

Liberty
T?£?sJ

9

$40, 492
117, 059
236, 814

$41,499 ;
56, 959
79, 623
94, 199
85, 690
164, 603
308, 136

60.12
55. 28
74. 00
72.27
73.21
75. 45
77. 86
79.53

85. 38
94.93
93. 46
95. 68
97. 52
99. 23
101. 15

93.20
99.54
98.77
101.44
102. 62
102. 73
104. 12

92.42
101.22
100. 22
101.71
103. 04
103.31
105. 19

5.04
5.02
4.21
4.27
4.21
4.13
4.13
3.99

18, 728
14, 334
21, 852
19, 773
23, 503
37, 684
37, 425
48, 708

88, 563
115, 686
206, 948
161, 521
243, 145
256, 621
238, 734
282, 479

235, 406
173, 130
136, 442
66, 549
72, 178
29, 503
21,311
24, 158

323, 969
288, 816
343, 390
227, 903
315, 323
286, 124
260, 045
306, 697

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

4.12
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

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.
103.
103.
103.

31
37
62
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
313, 565
290, 520

25, 349
15, 288
45, 471
25,800

351, 414
297, 693
359, 036
316, 320

95.06
93.48
93.57
94.58

84.84
84.10
84. 16
85.43

76.49
76.76
76.85
78.23

79.38
78.37
78.60
79.55

101.03
100. 63
100. 79
101. 34

104. 14
103. 71
103. 58
104. 14

105. 07
104.96
105. 42
105. 67

3.95
4.01
4.06
4.02

46, 598
47, 630
38, 493
51, 057

303, 510
288, 469
252, 423
290, 948

31,163
34, 837
17,289
13, 070

334, 673
323,306
269, 712
304, 018

84.35
85.05
85.43
85.98

95.19
96.11
97.23
97.20

86.11
87.24
87.87
88.57

78.29
79.00
79.14
79.55

79.81
79.93
79.86
80.82

101. 51
101. 59
102. 43
102. 46

103. 68
103. 92
106. 53
106. 02

105. 64
104. 65
105. 46
105. 60

3.96
3.95
3.93
3.87

51,918

254, 987
258, 112
261, 540

267,918

24, 326
13, 187
20, 205
23,916

279, 313
271, 299
281, 745
291, 834

112. 25
111.73
111.33
110. 97

86.15
86.13
86.04
86.26

97.04
96.50
95.90
95.33

88.75
88.61
88.81
87.89

79.66
80.03
80. 32
82.17

81.28
81.33
80.95
81.09

102. 60
102. 41
102. 58
102. 44

105.
105.
106.
105.

105.
105.
105.
105.

90
92
67
46

3.87
3.87
3.93
3.97

56, 963
47, 165
84, 988

80,569

269,
222,
304,
301,

374
644
610
084

20, 864
16, 611
11,910
14, 489

290,238
239, 255
316, 520
315, 573

110. 58
110. 42

85.54
83.54

94.49
92.04

86. 92
84.42

81.42
79.51

80.73
79.39

101. 71
101. 14

105. 03
105. 16

105. 28
104. 84

4.01
4.06

82, 164
63, 741

263, 388
246, 885

14, 764
14, 517

278, 152
261, 402

9

94
96
05
98

50, 459
51, 356
62, 367

Sept
Oct ...
Nov
Dec
i
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.
3
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.
* 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.
« 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 p. 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.
7 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.
s 7 months' average, June to December, inclusive.
» 5 substitutions in this series in January, 1922, account for the violent change in the index.




129
Table 107.—STOCK PRICE INDEXES BY GROUPS AND YIELDS
YIELDS,
industrials i

PEICE INDEXES
Industrials
Total

Bailroads

YEAR AND
MONTH

Auto- Petro- Rubmober
biles leum

Total

Steel

Ma- R. R.
chin- equip- Copper
ery
ment

Textiles

Food

High
Com- grade
mon pref.

Chain To- Thea- Utiliter
ties
stores bacco

Number of stocks in each group

329

31

198

10

17

7

9

5

10

11

5

9

1
1

7

3

16

33

Relative to 1917-1921 average

Per cent

1918 mo.
1919 mo.
1920 mo.
1921 mo.
1922 mo.

av
av
av
av
av

85.9
100.4
92.1
79.0
97.0

87.3
89.4
81.3
78.5
92.4

85.1
105.1
96.6
79.2
98.9

55.0
94.7
94.7
52.6
62.6

77.9
108.9
97.0
83.0
103.4

63.7
121.4
94.6
54.7
54.1

97.6
103.7
99.2
78.8
95.3

83.0
107.8
103. 1
70.3
77.6

90.0
100.2
107.1
92.2
115.0

103.8
107.1
85.4
65.8
89.8

58.7
94.4
101.7
68. 1
77.4

72.7
103.1
106.0
101.2
138.1

69.4
78.4
97.7
90.4
124.4

79.9
105.7
90.5
85.8
100.7

1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 mo.

av
av
av
av
av

98.9
104.4
128.7
145.0
173.0

91.4
97.7
113.8
127.0
151.3

102.0
107.5
134.8
152.3
182.0

73.5
72.1
122.4
187. 6
298.0

100.8
97.9
108.9
111.6
105.6

42.7
29.2
51.4
52.0
52.0

88.8
89.9
100.9
110.9
141.9

69.6
71.2
94. 1
94.2
105.6

123.5
127.9
160.3
165.8
199.8

87.3
87.6
103.9
109.3
122.9

77.0
57.9
45.2
39.3
42.1

171.3
208.0
236.3
290.8
364.9

171.4
243.7
374.4
413.5
500.7

June
July
August

135.1
141.0
145.7
151.3

120.6
125.5
128.1
131.4

141.1
147.4
152. 8
159.5

151.3
163.5
187.1
219.8

110.8
114.5
113.6
113.5

46.4
49.3
47.9
50.6

98.8
107.6
114.7
121.7

90.5
94.2
95.2
95.2

152.3
161.3
165.3
171.4

104.5
105.9
109.9
113.3

34.3
34.5
35.0
37.1

274.4
293.4
298 5
302.4

September
October
November
December

152.5
148.0
150.2
154.0

134.6
129.6
132.4
135.3

159.8 1 227.9
155.5
225.6
157.5
215.4
161.8
228.0

113.4
109.0
108.5
109.6

50.4
45.9
46.1
46.2

118.9
113.7
116.7
123.0

93.5
90.7
89.5
91.4

171.7
165.1
172.3
180.0

110.9
112.3
116.0
117.2

39.4
38.1
40.3
42.9

January
February
March
April

153.5
156.9
159.0
162.5

136.9
142.1
143.1
147.4

160.2
163.0
165.6
168.7

226.6
233.4
251.9
266.6

110.5
112. 3
107.7
101.9

47.0
50.2
53.1
52.6

123.6
125.3
128.8
135.3

94.1
96.9
96.9
102.3

176.3
185.2
189.7
187.3

116.0
115.3
116.7
117.1

May
June
July
August.

167.5
168. 5
171.6
179.3

150.5
151. 9
153.9
156. 0

174.6
175.4
178.9
189.0

276.7
281.9
290.3
318.5

103.2
101.7
100.9
105.3

49.1
44.4
45.7
50.6

136.0
135.4
138.3
150.5

106.9
107.2
107.8
106.2

196.0
201.2
203.6
212.5

September
October
November
December

187.7
186. 1
189. 4
194.6

157. 1
157. 6
158. 6
160. 6

200.4
197.6
202.1
208.7

354.5
355.8
353.5
366.5

105.3
104.0
107.5
106.4

57.6
55.4
55.8
62.1

165.8
153.1
152.0
159.3

110.0
109.6
111.5
117.8

January
February
March
April

195.2
191.8
202.9
215.2

158.2
153.7
159. 0
164.8

210.4
207.5
220.9
236.2

369.8
372.9
453.3
508.4

107.4
101.9
106.2
116.6

64.7
58.7
55.1
55.7

159.1
154.5
157.6
160.0

May

221.8
210.5

168.1
159.7

243.9
231.5

528.2
498.3

122.3
114.6

56.2
47.7

160.8
150.5

1926
May

20

102.7
74.4
84.0

102.7
102.9
95.7
87.7
120.4

7.47
6.74
7.50
7.95
6.31

6.70
6.31
6.79
6.80
6.14

105.7
111. 4
134.5
159.7
192.8

81.3
83.2
126.1
151.5
173.8

128.6
143.2
193.6
214.1
246.2

6.63
6.02
5.31
5.25
5.25

6.12
6.08
5.90
5.78
5.51

354.5
385.4
399.1
298.6

153.5
156.3
159.5
160.3

147.3
149.9
148.4
153.0

200.8
207.0
215.7
223.4

5.36
5.48
5.38
5.27

5.77
5.77
5.77
5.74

302.4
299.4
309.9
318.7

395.1
390.8
424.2
436.3

164.4
162.0
165.7
168.3

154. 4
156.4
159.4
164.1

222.8
215.6
222.0
222.9

5.24
5.40
5.42
5.28

5.81
5.82
5.78
5.67

41.5
40.0
38.6
39.5

310.2
314.8
326.0
343.3

417.0
422.3
425.2
446.3

167.8
167.3
170.2
172.7

167.5
175.9
186.6
180.2

218.6
217.8
220.8
226.7

5.64
5.64
5.60
5.50

5.65
5.60
5.57
5.54

117.4
113.4
114.6
121.8

41.2
40.3
42.1
43.6

369.1
361.1
363.4
371.3

466.1
462.1
477.7
534.2

183.5
190.3
196.0
199.6

179.0
170.8
162.7
166.6

239.2
241.8
242.6
254. 1

5.40
5.34
5.25
5.12

5.49
5.50
5.52
5.48

216. 1
203.8
207.9
218.4

127.4
128.0
136.3
150.5

44.8
43.9
45.1
44.4

392.2
389.1
406.6
432.1

585. 1
573.6
598.4
601.0

205.9
208.7
226.7
225.5

169.9
173.4
174.1
178.7

267.2
267.2
274.6
283.9

4.90
5.02
4.86
4.69

5.45
5.45
5.43
5.40

122.3
125.6
128.2
133.2

231.6
225.3
227.5
228.2

150.5
148.5
148.0
158.1

46.6
47.5
49.6
52.6

430.6
425.8
433.9
443.8

582.3
565.0
579.7
597.2

220.5
209.2
212.4
215.7

178.6
180.3
188.8
199.8

294.8
309.9
315.7
339.7

4.66
4.73
4.63
4.49

5.33
5.34
5.28
5.18

136.4
126.8

224.6
208.6

165.8
162.3

52.5
46.3

444.8
423.1

605.0
589.5

201.3
190.3

207.0
199.0

360.4
338.0

4.36
4.53

5.21
5.32

1937

1928

June
July
August..
September
October
November ...
December

!
i

i Compiled by the Standard Statistics Company; stock prices represent long-term indexes of common stock market values, weighted by the number of shares of each stock
outstanding. For industrial stocks the mean of the years 1917 to 1921 equals 100, while for rails, because of their depressed market in that period, the mean of the high and
low made in the 10 years, 1913 to 1922, is taken as 100. The monthly figures are averages of weekly closing prices or last previous sale price. Other groups not published
here, but included in the total, comprise automobile accessories, chemicals, coal, electrical equipment, farm machinery, leather, mail order, miscellaneous metals, paper,
shipping, sugar, telegraph, and miscellaneous. Monthly data from 1918 appeared in the October, 1927, issue (No. 74) of the SURVEY, pp. 21 and 22, the November, 1927,
issue (No. 75), p. 23, and the January, 1928, issue (No. 77), p. 24. Industrial stock yields have been computed by dividing the total annual dividend rate each month by
the total of monthly prices, using the average of high and low monthly stock prices. Only such stocks as have paid some dividend every year since 1914 have been included
in the common grouping; extra cash dividends, on an annual basis, are added to regular dividends and are considered to be part of such regular dividends, while stock dividends are disregarded, as such adjustments are largely cared for in the market price of the stock. As preferred stocks have various dividend rates, all prices have been,
adjusted to an equivalent 7 per cent basis and $100 par previous to averaging.

731°—28




9

130
Table 108.—NEW SECURITY ISSUES AND AGRICULTURAL FINANCING
CORPORATE SECURITIES 1

YEAR
AND

MONTH

Total

Bonds
and
Stocks
notes

Recapital funding
New

MUNICIPAL CANADIAN BOND
ISSUES a
SECURITIES 2

Perma- Tem- Govt.
nent porary and Mu- Corloans loans pro- nici- poration
(long (short vincial pal bonds end of
term) term)
mo.

Mil. of

Fed-

Fed-

EIGN

IS-

SUES 9

War

Joint
eral
Fieral
stock in ter- nance Offered
farm
in
land 6 med, Corpo- U.S.
loan
credit
rabanks ° banks banks 7 tion 8
Thousands of dollars

dolls.

$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

FOR-

AGRICULTURAL LOANS
OUTSTANDING
(end of month)

NEW
INCORPORATotal TIONS «
outstdg.,

Thousands of dollars
1913 m. a. $137, 145
1914m. a. 119, 710
1915m. a. 119, 613
1916m. a. 182, 208
1917m. a. 127, 498
1918m. a 112, 068
1919 m. a. 251, 764

TAXEXSECURITIES*

$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
6,936
183, 275
8,047
7,893 1, 056, 519

jj

$34, 257

$3, 144
69, 458
94, 257
59, 846
2,476
67, 770

338, 234
76, 951
373, 381 79, 124
546, 519 143, 410
732, 365 NISI, 837
879, 929 421, 394
974, 737 502, 183
1, 045, 135 599, 265
1, 128, 003 619, 764

53, 016
56, 259
69, 033
41, 305
101, 628
110, 827
109, 880
132, 717

$110, 498
237, 478

1920m. a.
1921 m. a.
1922m. a.
1923m. a.
1924 m. a_
1925 m. a.
1926 m. a.
1927 in. a_

247, 188
201, 234
255, 868
267, 704
319, 890
394, 843
441, 630
608, 450

$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
146, 467 461, 968 447, 768 160, 766

64, 742
115, 281
106, 629
94, 597
120, 557
117,059
113, 503
123, 147

55, 341
63, 503
32, 965
42, 846
81, 590
72, 172
55, 101
49, 435

9,749
13, 395
27, 125
25, 107
25, 748
22, 189
14, 897
13, 202

4,466
7,052
7,290
7,227
7,270
2,849
5,242
6,457

3,846
5,121
6,729
10, 880
15, 284
12, 996
22, 146
25, 255

8,512 1, 249, 920
663, 260
9,198
700, 013
10, 372
780, 896
11,476
596, 227
12, 754
823, 434
13, 727
912, 268
14, 838
383, 642
15, 774

1927
May
June
July
Aug

712, 924
707, 548
371, 095
444, 278

127, 464
155, 867
79, 052
153, 887

585, 460
551, 682
292, 043
290, 391

447, 135 265, 789
538, 295 169, 253
341, 658 29, 437
277, 832 166, 446

210, 051
164, 299
86, 268
88, 878

18, 010
26, 625
19, 288
60, 382

8,400 1,517
271 2,226
None. 4,799
904
None.

30, 100
10, 374
31, 557
6,625

15, 693
15, 761
15, 783
15, 850

292, 280
314, 363
273, 906
325, 193

1, 124, 055
1, 130, 648
1, 134, 896
1, 139, 502

617, 220
607, 517
607, 679
609, 891

70, 888
65, 051
64, 252
84, 408

5,050 52, 879
4,846 160, 596
4,731 67, 072
4,569 105, 145

Sept
Oct
Nov
Dec_ _ _

451, 364
734, 081
617, 554
852, 064

109, 576
134, 568
121, 198
273, 591

341, 788
599, 513
496, 356
578, 473

372, 585 78, 779
574, 380 159, 701
403, 365 214, 190
588, 591 263, 472

116, 311 73, 088
124, 759 69, 561
105, 067 26, 575
117, 903 44, 248

18, 370 9,788
24, 045 3,828
58, 540 10, 532
2,500 11, 340

52, 973
74, 936
24, 260
5,858

15, 952
16, 060
16, 142
16, 205

431, 293
243, 998
225, 803
235, 021

1, 143, 130
1, 147, 135
1, 150, 943
1, 155, 644

609, 535
610, 050
607, 891
607, 477

62, 879
66, 885
71, 815
75, 915

4,285 94, 395
4,080 260, 145
1,800 165, 067
1,362 106, 496

1928
Jan
Feb
Mar
Apr

573, 573
612, 696
741, 950
833, 206

138, 545
126, 857
245, 096
310, 263

435, 028
485, 840
496, 854
522, 943

408, 545
411, 352
380, 707
484, 090

165, 028
201, 344
361, 243
349, 116

103, 199 73, 320
132, 725 113, 389
132, 332 75, 359
130, 248 78, 001

4,000
5,000
None.
36

415
1,560
4,379
2,312

9,396
3,185
7,490
41, 845

16, 278
16, 442
16, 557
16, 667

1, 158, 717 608, 798
1, 168, 354 609, 984
1, 256, 111 611, 004
1, 261, 834 610, 921

74, 888
75, 220
74, 119
72, 351

1,244
1,226
1,037
985

757, 834
828, 434

321, 257 436, 577
409, 611 418, 823

14, 896
18, 249

30, 000
10, 734

4,374
2,158

57, 970
77, 198

16, 728

1, 266, 386

70, 899

May
June
July
Aug

583, 357 174, 477
645, 883 182, 551

147, 450
125, 288

641, 353

$50, 883
64, 333
81, 239
72, 734

$174, 051
103, 646
60, 438
28, 191
11, 116
4,701

159, 825
131, 129
118, 437
156, 039

926 233, 775
904 218, 179

Sept
Oct
Dec

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
/pital" 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,
cai
>peared in June, 1923, issue (No. 22), p. 42, and in November, 1924, issue (No. 39), p. 187. Further details are given in the Commercial and Financial Chronicle.
appe:
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
Compiled, prior to 1927, by The Financial Post, Canada; thereafter by A. E. Ames & Co., covering bonds issued in Canada; segregation between those sold in Canada
and those sold in United States are shown in weekly reports.
* Compiled by the V. 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, are given
on p. 23 of the February, 1928, issue (No. 78).
« 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), p. 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), p. 47.
7 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
loan8 companies.
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), p. 189; since that date new advances have practically ceased.
• Compiled by the V. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing the amount of foreign capital issues, both Government and
private, publicly offered in the United States by American underwriters. Details by individual issues, classified by countries, are shown in the bureau's reports. Monthly
data irom 1914 appeared in the April, 1928, issue (No. 80), p. 22.
10
6 months' average, March, June, September, October, November, and December.




131

Table 109.—NEW SECURITY ISSUES BY CLASSES
CORPORATE ISSUES

YEAR AND
MONTH

Foreign
govern- Total
ment corporate

Rail- Public Indusroads utilities trials

Oils

LONG-TERM REAL ESTATE BONDS

Purpose of issue
ShipLand, ping Grand
AcquiTo
build- and
Real sitions
ing, etc. miscel- total finance estate and
conlaneous
imstruc- mort- provetion gages ments

Kind of structure
InterOffice
est
and
other Hotels Apart- rates
comments
mercial

Per ct.

Thousands of dollars
1919 mo. av _.
1920 mo av
1921 mo. av
1922 mo av

$36, 640
24, 250
31, 606
35, 942

$228, 304
247, 192
199, 242
256, 107

$17, 343
31, 490
54, 607
54, 294

$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
64, 761

269, 403
319, 881
394, 843
441, 630
608, 450

43, 187
78, 358
42, 892
35, 215
80, 234

94, 866
127, 470
143, 753
164, 538
248, 875

68, 248
51, 512
76, 887
88, 938
97, 915

18, 822
15, 627
23, 545
41, 643
35, 445

21, 013
27, 958
62, 722
61, 347
55, 724

23, 268
18, 956
39, 623
46, 348
84, 198

19, 940
26, 604
57, 963
53, 701
47, 562

13, 014
19, 001
33, 322
29, 480
22, 517

2,157
4,328
12, 613
10, 643
11, 435

3,696
1,057
7,233
6,861
5,320

9,723
12, 214
21, 892
21,806
15, 542

4,354
4,964
9,761
8,637
4,022

3,499
5, 567
8,155
7,261
5,125

6.58
6.50
6.29
6.18
6.03

January
February
March
April
_-

24, 972
3,800
21, 500
83, 100

614, 549
414, 189
480, 400
442, 586

46, 670
23, Oil
31, 930
61, 924

206,
149,
137,
216,

246
658
426
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,
472,
474,
243,

868
402
384
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

74, 900
118,000
24,240
47, 492

328,
350,
595,
429,

705
482
237
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

52,383
74, 670
84, 140
121, 686

610,
785,
494,
520,

035
649
373
452

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
56,594

40, 286
70, 424
75, 081
70, 508

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
25, 596
81, 000

712, 924
707, 548
371, 095
444, 278

129, 225
204, 223
14, 306
183, 764

255, 614
155, 006
115, 360
109, 821

83, 288
159, 767
69, 127
65, 392

75, 100
30, 000
20, 750
25, 000

41,510
74, 720
48, 936
38, 292

67, 124
83, 833
102, 616
22, 009

35, 520
68, 556
39, 719
32, 247

13, 740
36, 766
12, 223
19, 435

9,165
23, 960
15, 040
4,482

1,975
2,790
4,575
2,080

10, 070
26, 645
6,828
7,700

600
3,781
2,065
7,170

3,430
4,340
3,680
4,700

6.07
6.00
6.12
6.06

September
October
November
D ecember

31, 281
125, 623
35, 800
67, 547

451, 364
734, 081
617, 554
852, 064

19, 493
32, 550
16, 796
73, 686

200, 174
311, 832
252, 482
517, 412

82, 659
113, 368
180, 038
54, 938

None.
42, 000
8,200
42, 000

45, 602
73, 729
42, 730
58, 225

93, 437
160, 603
117, 309
105, 803

42, 763
59, 092
27, 131
52, 322

23, 463
35, 819
12, 460
24, 270

5,140
10, 523
5,241
11,207

3,310
525
1,850
5,115

19, 575
21, 980
9,155
16, 055

5,140
3,845
2,660
3,790

3,473
11,519
2,226
7,025

5.98
6.03
5. 88
5.87

1938
January
February
March
April

79, 808
117,351
85, 750
87, 130

573,
612,
741,
833,

573
696
950
206

78, 222
74, 216
192, 781
95, 053

210, 155
262, 825
226, 733
380, 541

118, 902
93, 570
131, 262
138, 172

2,200
20, 675
12, 952
7,300

78, 741
48, 038
73, 935
97, 152

74, 331
112, 672
102, 803
114, 988

61, 167
39, 840
62, 962
87, 748

32, 759
14, 085
13, 520
29, 220

12, 900
2,710
35, 557
36, 865

6,533
12, 175
4,225
16, 323

29, 000
22, 415
11, 965
14, 605

650
700
4,010
11,395

4,309
1,910
4,060
3,635

6.01
5.78
5.87
5.84

757, 834
828, 434

28, 601
42, 158

242, 497
378, 637

150, 783
190, 356

22, 929
21, 241

82, 253
74, 071

230, 272
121, 971

77, 450
66, 364

44, 515
27, 400

20, 910
6,763

2,600
2,610

45, 175
22, 430

10, 300
885

4,265
4,085

5.81
5.78

1923 mo av
1924 mo. av
1925 mo av
1926 mo. av
1927 ruo. av

-|

1926

September
October
November
December

1927
January
February
March
A-pril

May
June
July
August

May
June __ -July
August
_ __

79, 885
48, 550

September
October
November
December _ . .
i From the Commercial and Financial Chronicle, showing new financing in the United States. Corporate financing includes both stock and bond finances, and foreign
as well as American corporations. The industrial group comprises the following classifications given in the detailed statements: Iron, steel, coal, copper, etc.; equipment
manufacturers; motors and accessories; rubber and miscellaneous industrials. The data on long-term real estate bonds which 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.




132
Table 110.—BUSINESS PROFITS AND LOSSES
DIVIDEND AND INTEREST PAYMENTS

BUSINESS FAILURES »

Thous. No.
of dolls.

s

Thous. No. Thous. No.
of dolls.
of dolls.

%

I

Dividend payments

Canadian 2

Liabilities

t

«

Firms

£

VI

Banks
(quarterly)
Liabilities

w

Liabilities

Liabilities

Liabilities

YEAR AND
MONTH

Trade estab- Agents and
brokers
lishments
Liabilities

Manufacturing
establishments

Total
commercial

Total
dividend

Interest

interest

ments

and

pay-

*

pay-

ments 3

Industrial Steam Street
and
Total
railrailmiscel- roads ways
lane-

ous

S

Thous. No. Thous. No. Thous. No.
of
of dolls.
of dolls.
dolls.

$4, 906
5,368
5,149
6,020
6,493

$5. 23
5.36
3.45
5. 09 I
6.68

24, 135
23, 705
23, 832
23, 668
23, 508

6,318
5,977
6,074
5,970
5, 902

6.19
5.85
6. 59
4.94
4.40

45, 120
47, 181
49, 671
55, 365
60, 198

24, 093
25, 100
26, 251
27, 593
29, 125

6,313
7,008
7, 778
9,141
10, 390

5.46
5.55
7.09
7.58
8.68

47, 750
68, 300
42, 800
90, 000

18, 600
27, 050
32, 000
20, 800

6,300
11, 300
12, 000
10, 000

7.62

165, 200
112, 700
130, 100
150, 675

30, 900
31, 650
33, 850
27, 550

19, 200
8,100
5, 900
11, 175

386, 650
440, 700
651, 853
252, 325

254, 900 131, 750 98, 100
290, 000 150, 700 119, 500
423, 703 228, 150 163, 500
161, 100 91, 225 50, 050

26, 300
25, 450
33, 450
34, 675

7,350
5,750
13, 200
6,500

143
173
162
184

326, 325
489, 725
321, 800
490, 675

250, 100 76, 225 49, 375
369, 850 119, 875 70, 250
227, 100 94, 700 48, 800
331, 175 159, 500 119, 700

19, 750
28, 375
33, 500
24, 050

7,100
12, 250
12, 400
15, 750

3,249
4,012
6,829
1,556

210
210
150
125

750,
333,
428,
561,

460,
176,
258,
372,

179, 800
114,300
129, 050
149, 500

33, 800
33, 100
34, 600
28, 380

21, 000
9,600
6,500
11, 300

3,707
1,681

127
127

334, 850
467, 225
719, 196

203, 500 131, 350 96, 550
316, 900 150, 325 118, 050
466, 704 252, 492 184, 8Q2

27, 100
26, 075
34, 500

7,700
;
6,200 l 8,24
13, 600 ,
h
i

152 $148, 103
241 148, 948
219 155, 426
148 177, 919
93 199, 095

mo. av_ $22, 818
mo. av_ 29, 821
mo. av. 25, 106
mo. av_ 16, 354
mo. av. 15, 203

1,336 $10, 366
1,523 11, 312
9, 335
1,846
6,083
1,415
6,628
1,154

353
385
426
349
308

$9, 583
13, 805
12, 436
7,616
5,843

929
1,071
1,336
994
786

$2, 869
4,704
3,335
2, 655
2,732

54 5 $7,887
67 14, 001
9,306
84
1,598
73
4,614
61

1918
1919
1920
1921
1922

mo
mo.
mo.
mo
mo.

av
av.
av.
av
av.

13, 590
9,442
24, 593
52, 361
51, 989

832
538
740
1,638
1,973

6,121
4,301
10, 666
19, 488
17, 910

230
155
220
375
473

4,825
3,139
7,380
21, 232
22, 615

541
334
461
1,166
1,410

2,644
2,002
6,547
11, 641
11, 465

60
48
59
96
89

1,284
4,131
12, 675
43, 254
19, 434

6
12
30
102
69

1,035
843
1,845
4,221
4,771

68
52
82
199
271

227, 061
265, 764
284, 573
278, 484
283, 310

85, 184
78, 912
81, 841
76, 872
77, 554

53, 788
48, 264
50, 140
45, 200
43, 723

1923
1924
1925
1926
1927

mo
mo.
mo.
mo.
mo.

av
av.
av.
av.
av.

44, 948
45, 269
36, 979
34, 103
43, 359

1,560
1,718
1,768
1,814
1,929

23, 379
23, 897
13, 974
13, 170
17, 626

414
434
424
450
474

17, 495
16, 933
17, 948
16, 779
19, 016

1,089
1,197
1,263
1,272
1,340

4,012
4,439
5,058
4,155
6,700

57
85
80
93
115

50, 934
50, 731
41, 175
53, 019
35,862

144
153
116
152
100

4,285
3,378
2,990
2, 369
2,174

243
192
176
176
168

298, 768
80, 271
320, 049
84, 391
340, 492 $251, 204 89, 246
365, 932 268, 208 97, 724
395, 955 289, 342 106, 613

1926
September. _ 29, 990
33, 231
November.. 32, 694
December__ 45, 620

1,437
1,763
1,830
2,069

10, 093
11, 650
16, 097
16, 758

374
450
440
494

11, 242
15, 874
14, 158
20, 579

958
1,205
1,285
1,469

8,655
5,707
2,439
8,282

105
108
105
106

73, 651

169

82, 221

230

2,059
2,384
2,712
2,930

156
190
188
204

321, 492
447, 500
339, 100
428, 930

248, 748 72, 750
340, 850 106, 650
252, 300 86, 800
308, 130 120, 800

1927
January
February
March
April

51, 290
46, 941
57, 891
53, 156

2,465
2,035
2,143
1,968

19, 996
10, 518
22, 368
25, 278

501
411
569
492

24, 530
23, 406
28, 191
22, 308

1,842
1,508
1,468
1,342

6,764
13, 017
7,332
5,570

122
116
106
134

2,954
3,213
2,019
1,557

221
189
188
152

677, 750
307, 450
421, 470
545, 300

400, 950
155, 000
251, 620
355, 900

M^ay
June.
July
August

37, 785
34, 465
43, 150
39, 196

1,852
1,833
1,756
1,708

13,802
13, 587
16, 743
14, 921

444
427
448
438

19, 978
17, 856
16, 832
14, 702

1,292
1,310
1,187
1,174

4,005
3,022
9,575
9,573

116
96
121
96

1,826
2,049
1,785
1,687

157
156
144
147

September. .
October
November.December __

32, 786
36, 236
36, 147
51, 262

1,573
1,787
1,864
2,162

15, 349
17, 134
12, 786
29, 024

389
488
478
597

12, 052
14, 657
16, 949
16, 733

1,083
1,170
1,276
1,430

5,385
4,445
6,412
5,305

101
129
110
135

1,490
2,157
2,531
2,914

47, 634
45, 071
_ 54, 814
34, 985

2,643
2,176
2,236
1,818

14, 871
12, 751
20, 412
13, 236

553
468
546
432

26, 446
24, 952
26, 186
16, 049

1,946
1,581
1,566
1,276

6,318
7,367
8,216
5,700

144
127
124
110

36, 117
27, 978

2,008
1,950

14, 230
12, 723

470
513

18, 900
13, 781

1,407
1,325

2,987
3,324

131
109

«30 $1, 388
54 2,562
33 2,698
12 1,312
12 1,138

174

25, 428

81

20,857

55

31,362

88

Dolls.
per
share

Thousands of dollars

1913
1914
1915
1916
1917

66, 619

Av.
payments
on
industrial
stocks
(qtly.)<

$69, 838 $38, 527 $24, 733
68, 481 36, 530 24, 549
66, 020 36, 374 23, 613
77, 176 44, 986 26, 095
89, 856 56, 542 26, 038

266, 800
152, 450
169, 850
189, 400

7.90

8.45

8.83

8.87
8.57

1928
y

March

June
July

r
36, 802

109

28, 953

92

""T""" "
!

!

200
000
900
230

600
000
750
050

289, 600
157, 000
170, 150
189, 180

8.41

O t
i
1

|

I!

1 Compiled by Dan's Review; 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 appeared in December, 1923, issue (No. 28), p. 53; monthly data on all classes from 1921 appeared in June, 1924, issue (No. 34), p. 55.
2
3 Canadian business failures from Bradstreet'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. 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
Compiled by the Cleveland Trust Co. up to the first quarter of 1927 and thereafter by the Chase Securities Corporation, representing average dollar dividends paid on
the industrial stocks included in the Dow-Jones index of stock prices, comprising 12 stocks from 1900 through 1914 and 20 stocks from 1915 through 1924. The figures are
unweighted averages of the amount of dividends paid per share for these stocks in each quarter, reduced to an annual basis. Quarterly figures extending back to 1900 appeared in April, 1925, issue (No. 44), p. 29.
fi Yearly data are quarterly averages.




133

Table 111.—CORPORATION PROFITS AND STOCKHOLDERS
(QUARTERLY)
STOCKHOLDERS >

NET PROFITS 1
Railroad

QC

5

ous

!

Miscellane-

i

U. S. Steel Corp.
(common stock)

R. R. Co.

Machinery

1
H

Motors and
accessories

rt

Telephone

!!
i6
5

Railroads

YEAR AND QUARTER

Pennsylvania

Industrial

and

telephone

Metals and
mining

«

,2

Do-

mestic

Millions of dollars

Foreign

Do-

mestic

Shares
held

For-

by

eign

brokers

Per ct.

Number

of total

American Teleph.
& Teleg. Co.

Do-

mestic

Foreign

Number

1913 quarterly av.__
1914 quarterly av_
1915 quarterly av
1916 quarterly av...
1917 quarterly av
1918 quarterly av_.
1919 quarterly av...

72, 714
78, 682
81, 603
85, 343
93, 331
102, 798
111,316

11, 258
11, 839
11,816
6,884
2,235
1,773
1,727

41, 436
47, 777
3 42, 020
39, 365
44, 531
64, 314
73, 510

1,529
1,697
3 1, 980
939
1,191
1,484
1,475

51.48
46.73
45.87
55.08
51.88
43.22
40.65

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

1920 quarterly av.
1921 quarterly a v _ _ _
1922 quarterly av
1923 quarterly av...
1924 quarterly av
1925 quarterly av...
1926 quarterly av
1927 monthly av

126, 424
138, 450
136, 181
138, 846
142, 718
144, 380
140, 954
142, 178

1,500
1,743
2,869
2,847
2,925
2,968
2,911
2,877

88, 085
104, 621
97, 580
94, 489
96, 081
91, 043
87, 467
91, 075

1,300
1,341
1,380
1,431
1,557
1,511
1,587
1,599

30.35
22.45
24.36
22.76
22.97
26.31
28.01
26.23

131, 643
163, 703
217, 599
265, 638
322, 693
353, 217
377, 563
415, 734

1,267
2,013
2,298
2,644
3,086
3,796
4,753
5,248

138, 895
136, 940
134, 279
134, 609

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
2,233
2,309
2,431

$246
246
283
308
271

$400
388
480
547
506

1932
March
June
__ . ..
September

$34
38
47
53
57

$120
104
150
184
179

$35
27
56
65
80

$41
29
34
43
32

$15
17
21
27
15

$12
13
14
18
19

$6
5
8
11
10

$4
4
5
5
5

$8
10
13
16
18

|

Dp,f!f>mhfir

1933
March
June
September...
Dp.np.mher

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

2,524
2,603
2,719
2,729

12
13
15
12

6
5
4
6

4
4
4
4

8
9
10
12

142, 339
142, 965
143, 307
142, 261

2,987
2,901
2,903
2,913

97, 135
97, 577
94, 904
94, 708

1,542
1,549
1,558
1,577

22.39
20.45
22.82
26.21

296, 738
314, 227
338, 183
341, 625

2,760
2,875
3,199
3,508

18
25
22
18

12
15
16
13

9
7
9

5
5
5
5

10
14
13
14

143, 224
146, 988
145, 583
141, 725

2,939
2,966
2,981
2,986

92, 552
91, 910
90, 651
89,057

1,490
1,525
1,526
1,504

26.81
25.45
25.39
27.60

345, 451
354, 279
355, 895
357, 242

3,740
3,994
4,102
4,347

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
140, 153
141, 202

2,931
2,909
2,892
2,913

89, 102
92, 031
84, 287
84, 447

1,575
1,618
1,572
1,582

29.92
24.10
29.01
28.99

362, 093
368, 410
385, 907
393, 843

4,432
4,557
4,937
5,084

75
109
90
45

40
39
29
20

18
11
14
11

18
22
21
16

11
11
9
10

5
5
5
5

15
19
18
19

142, 593
141, 558
141, 938
142, 622

2,901
2,877
2,874
2,854

85, 529
88, 665
95, 351
94, 756

1,599
1,604
1,653
1,539

27.59
26.53
25. 69
25.11

412,, 921
415, 024
416, 695
418, 295

5,190
5,267
5,287
5,247

90

32

6

20

12

6

16

143,011

2,810

95, 902
96, 649

1,691
1,688

23.86
2,279

430, 181
427, 195

5,220
5,172

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

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

377
446
563
533

205
234
359
334

44
46
45
51

128
166
159
148

41
66
63
54

33
34
33
35

439
527
656
557

224
271
393
343

51
52
51
57

164
204
212
157

58
82
76
43

468
520
576
457

227
246
335
277'

59
58
55
54

182
216
186
126

461

217

62

182

0

7

1924
March
June
September
December

1925
March
June
September
December

1926
March
June
September
December

1927
March..
June
September . .
December

1928
M arch
June
. , - -.
September
December..

i
1

i- 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 2accessories, 14 oil, 12 steel, 13 food, 10 metal and mining, 10 machine manufacturing, and 22 miscellaneous companies.
These data showing the growth of stockholders in three prominent companies—a railroad, a public utility, and an industrial—have been furnished direct by the
respective companies and represent the number of holders of common stock at the end of each quarter, i. e., December figures are for Dec. 31 or Jan. 1.
3
Dec. 31 figures; other quarters of 1915 not available.




134
Table 112.—FOREIGN EXCHANGE AND CANADIAN TRADE
I

EUROPE

YEAR AND MONTH

England

France

Italy

Japan India < Canada Argen- Brazil
tina

SwitBel- Nethergium 3 lands Sweden zerland

CANADIAN
FOREIGN TRADE 2

THE AMERICAS

ASIA

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
gold
pound
milreis paper
belga guilder krone
yen
rupee
dollar
franc
lire
peso
peso
sterling franc
$1.000

$0. 965

$0. 324

.956

.249
.253
.267

.389
.262
.287
.311
.318
.363
.364
.363

.893
.896
.985
.980
.987
1.000
1.000
1.000

.907
.730
.818
.786
.781
.914
.922
.963

.442
.454
.454
.466

.367
.368
.366
.362

.998
.997
.996
1.000

.470
.469
.471
.478

.363
.363
.363
.364

.193
.193
.193
.193

.484
.487
.491
.489

.267
.267
.268
.268

.193
.192
.192
.192

,400
.401
.401
.401

.268
.268
.268
.268

.139
.139
.140
.140

.401
.402
.404
.404

.053
.053
.053
.053

.139
.139
.139
.140

.053
.053

.140
.140

$0. 193
.199
.182
.170
.174
.178
.137

$0. 193
.195
.169
.155
.137
.134
.114

$0. 139

.640

.394

3.66
3.85
4.43
4.57
4.42
4.83
4.86
4.86

.070
.075
.082
.061
.052
.048
.033
.039

.050
.043
.048
.046
.044
.040
.039
.052

.370
.370
.385
.260
.230
.240
.172
.139

4.86
4.86
4.86
4.86

.038
.037
.036
.034

.040
.040
.040
.040

4.86
4.87
4.86
4.86

.032
.029
.025
.028

September _
October
November
December.. .

4.85
4.85
4.85
4.85

1937
January __ _ _ _
February
March
April.. . .

$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
.401

.205
.225
.262
.266
.265
.268
.268
.268

.169
.174
.191
.181
.182
.193
.193
.193

.504
.482
.478
.486
.412
.410
.471

.225
.225
.210
.185

.402
.401
.401
.402

.268
.268
.268
.268

.193
.193
.193
.193

.039
.037
.034
.033

.155
.150
.220
.140

.402
.402
.402
.401

.268
.268
.268
.268

.194
.194
.194
.193

.029
.029
.034
.040

.037
.041
.042
.044

.135
.140
.139
.139

.401
.400
.400
.400

.268
.267
.267
.267

4.85
4.85
4.85
4.86

.040
.039
.039
.039

.043
.043
.045
.050

.139
.139
.139
.139

.400
.400
.400
.400

May
June
July
August

4.86
4.86
4.86
4.86

.039
.039
.039
.039

.054
.056
.055
.054

.139
.139
.139
.139

September
October
November
December

4.86
4.87
4.87
4.88

.039
.039
.039
.039

.054
.055
.055
.054

1928
January
February
March
April

4.88
4.87
4.88
4.88

.039
.039
.039
.039

4.88
4.88

.039
.039

1920
1921
1922
1923
1924
1925
1926
1927

monthly av...
monthly av...
monthly av...
monthly av...
monthly av...
monthly av...
monthly av...
monthly av_. .

1926
January
February
March. _
April
May .
June. _.
July.__
August

__

May
June
July
August

September
October
November
December

5

$0. 402

$0. 2C8

Exports

Thousands of dollars

$0.122

.234
.236

.403

.941
.964
.997
.999
.990

$4.87
4.93
4.78
4.76
4.76
4.76
4.43

Par value
1914 monthly av.
1915 monthly av...
1916 monthly av__.
j 1917 monthly av
1918 monthly av...
1919 monthly av...

Imports

.226

$40, 110
37, 568
63, 951
83, 838
75, 848
78, 418

$35, 693
54, 457
92, 704
132, 791
103, 644
107, 903

.225
.131
.129
.102
.109
.122
.145
.118

.185
.121
.122
.122
.105
.116
.121
.121

111,410
66, 623
63, 534
75, 253
67, 345
74, 183
84, 022
90, 655

108, 567
68, 058
74, 848
85, 710
89, 218
106, 925
106, 983
103, 233

.941
.933
.903
.908

.148
.148
.145
.140

.120
.121
.121
.121

69, 736
70, 908
100, 855
67, 801

85, 716
88, 808
113, 966
60, 915

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, 610
89, 670

119,399
111,595

.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

131, 489
154, 009
139, 808

.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, 581
74, 298

85, 266
79, 803
107, 218
78, 404

.192
.192
.193
.193

.471
.467
.471
.473

.362
.362
.361
.361

1.001
.999
.999
.999

.962
.964
.966
.968

.118
.118
.118
.118

.120
.120
.120
.120

94, 412
101, 029
91, 369
99, 348

111,298

.269
. 269
.269
.270

.193
.193
.193
.193

.468
.466
.460
.462

.363
.364
.365
.367

1.001
1.001
1.001
.999

.971
.972
.971
.972

.119
.119
.119
.120

.121
.122
.122
.122

91, 803
93, 936
94, 312
83, 263

99, 335
105, 821
155, 521
132, 189

.403
.403
.403
.403

.269
.268
.268
.269

.193
. 192
.193
.193

.469
.469
.472
.477

.367
.365
.365
.366

.998
.998
1.000
1.000

.971
.971
.973
.972

.120
.120
.120
.120

.122
.122
.122
.120

79, 506
85, 932
120, 418
78,490

84, 428
90, 387
109, 147
60, 455

.404
.403

.268
.268

.193
.193

.466
.466

.366
.365

.999
.998

.972
.969

.120
.120

.122
.122

113, 582
110, 704

120, 154
109, 139

•m

i

,

93, 095

91, 663

93,327

107, 201
80, 787
95, 955

'

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.2 9), p. 135.
Foreign trade statistics from Department of Trade and Commerce, Dominion Bureau of Statistics.
3
Parity established November, 1926. Prior thereto, the average values of the Belgian franc have been multiplied by 5 to obtain an equivalent quotation for the belga.
On this basis, the present belga was equivalent to 96.5 cents at the old pre-war par of the franc.
4
Parity established October, 1920. Prior to that, par value of the rupee was 32.44 cents.
« Parity established January, 1926. The average value of the paper peso in 1913 was 19.5 cents.




135
Table 113.—IMPORTS AND EXPORTS BY CLASSES OF COMMODITIES
IMPORTS

YEAH AND MONTH

Total

Crude
materials

Food- Manustuffs,
faccrude, turned
and
foodfood
animals stuffs

AGRICULTURAL
EXPORTS 2

EXPORTS

Semimanufactures

Finished
manufactures

Total

Crude
materials

Food- Manustuffs,
faccrude,
tured
and
foodfood
animals stuffs

Semimanufactures

Finished
manufactures

Thousands of dollars

All
AH
com- except
modi- cotton
ties

Rel. to 1910-1914

1913 monthly a v _ _ _
1914 monthly a v _ _ _
1915 monthly av
1916 monthly av.__
1917 monthly av.__

$149, 383
149, 106
148, 216
199, 303
246, 039

$50, 462
49, 790
57, 991
84, 132
105, 682

$18, 413
19, 561
20, 242
21, 678
32, 144

$16, 518
21, 378
22, 770
28, 226
29, 287

$28, 355
23, 006
21, 748
34, 822
45, 124

$34, 401
33, 936
24, 335
28, 798
32, 327

$204, 024
172, 675
291, 104
451, 887
513, 934

$64, 017
40, 938
47, 280
60, 118
65, 061

$14, 121
22, 939
38, 470
35, 107
42, 406

$27, 023
25, 727
45, 880
54, 003
67, 228

$33, 066
27, 949
39, 641
76, 022
109, 835

$65, 120
53, 243
109, 584
218, 780
225, 066

141
130
91

198
193
160

1918 monthly av._ .
1919 monthly av._ .
1920 monthly a v _ _ _
1921monthlyav___
1922 monthly a v _ _ _

252, 601
325, 364
439, 873
209, 096
259, 396

101, 760
139, 521
146, 073
71, 090
96, 381

28, 795
45, 441
48, 136
25, 331
27, 660

33, 114
46, 308
103, 179
30, 737
32, 290

54, 080
50, 860
66, 835
28, 669
45, 793

33, 742
41, 028
73, 094
51, 577
55, 642

503, 990
645, 818
673, 402
364, 911
313, 776

79, 432
134, 178
155, 902
81, 997
81, 800

45, 620
56, 530
76, 498
57, 687
38, 212

117, 152
163, 551
93, 080
55, 805
48,965

87, 773
76, 854
79, 909
33, 270
36, 484

172, 437
213, 625
267, 032
135, 497
107, 720

116
154
126
141
126

206
258
197
229
200

1923 monthly av_._
1924 monthly av._ _
1925 monthly av__ .
1926 monthly av_. .
1927 monthly a v _ _ _

316, 006
300, 830
352, 216
369, 241
348, 725

115, 737
103, 008
145, 672
149, 405
133, 471

30, 234
35, 406
41, 233
44, 980
42, 048

44, 134
43, 467
36, 076
34, 793
37, 550

59, 976
54, 657
62, 924
67, 024
62, 466

64, 212
62, 446
66, 311
73, 039
73, 190

340, 893
374, 804
401, 560
392, 643
396, 574

100, 170
110, 528
118, 505
105, 110
99,399

21, 457
32, 724
26, 491
27, 922
35, 092

48, 608
47, 791
47, 813
41, 917
38, 609

46, 977
50, 889
55, 140
54, 629
58, 320

123, 147
132, 338
153, 695
163, 065
165, 156

104
119
114
117
127

161
172
135
134
148

1926
May
June
July
August

320, 919
336, 251
338, 960
336, 477

128, 408
122, 540
131, 299
124, 289

35, 909
42, 161
42, 189
42, 050

32, 929
36, 025
29, 222
30, 557

61, 206
64, 679
65, 687
64, 308

62, 467
70, 847
70, 562
75, 273

348, 157
328, 653
360, 451
378, 325

67, 379
63, 230
72, 006
75, 790

25, 155
21, 085
33, 908
50, 088

34, 060
34, 227
35, 412
42, 761

50, 782
54, 971
53, 135
53, 223

170, 781
155, 140
165, 990
156, 463

81
71
82
104

113
104
126
171

September
October
November
December

343, 202
376, 868
373, 881
359, 462

135, 096
135, 021
141, 136
138, 502

39, 102
50, 315
49, 675
49, 388

32, 581
40, 623
39, 516
31, 809

62, 673
64, 728
65, 917
64, 654

73, 749
86, 182
77, 637
75, 110

440,211
448, 226
473, 494
456, 429

120, 593
167, 096
168, 594
159, 936

46, 487
35, 658
37, 463
27, 036

47, 835
47, 457
44,973
47, 969

55, 128
52, 756
61, 724
62, 651

170, 168
145,259
160, 740
158, 837

140
181
189
188

176
164
161
150

1927
January
February
March. _ _
April

356, 841
310, 877
378, 331
375, 734

153, 113
114, 883
151,319
152, 906

44, 081
42, 725
42, 979
43, 045

26, 947
39, 815
46, 133
46, 876

65, 974
52, 051
64, 628
64, 537

66, 726
61, 402
73, 272
68, 370

411, 649
364, 385
398, 246
405, 001

122, 510
102, 811
107, 411
85, 824

24, 406
18, 758
19, 978
31, 514

41, 016
38, 522
37, 188
39, 192

61, 339
53, 120
57, 840
59, 411

162, 379
151, 174
175, 829
189, 060

150
130
139
128

140
116
116
140

May
June
July
August

346, 500
354, 892
319, 298
368, 820

135, 718
137, 511
121, 185
144, 232

37, 103
39, 619
34, 269
42, 656

39, 392
42, 172
35, 076
35, 471

63, 780
60, 384
61, 523
66, 691

70, 448
75, 207
67, 244
79, 770

382, 385
348, 546
332, 994
367, 575

74,831
63, 349
55, 023
55, 135

30, 684
25, 207
21, 910
46, 770

36, 933
36, 355
31, 278
34, 160

60, 958
62, 485
59, 354
59, 786

178, 979
161, 150
165, 429
171, 724

108
89
75
94

135
118
102
155

September
October
November. .. _
December

342, 154
355, 744
344, 267
331, 236

130, 660
119, 220
118, 394
122, 507

33, 190
44, 194
49, 146
51, 505

33, 016
41, 347
36 123
28, 227

63, 094
67, 807
60, 091
59, 037

82, 194
83, 173
80, 512
69, 960

416, 472
480, 428
452, 868
398, 344

102, 145
160, 282
145, 889
117, 574

69, 429
62, 425
46, 723
23, 303

38, 562
45, 643
42, 398
42, 057

54, 791
55, 001
56, 140
59, 612

151, 545
157, 077
161, 722
155, 798

142
185
161
119

211
218
187
133

1928
January
February
March
April

337, 943
351, 035
380, 427
345, 194

133, 395
130, 882
145, 536
127, 037

48, 302
47, 544
53, 451
46, 049

28, 724
36, 039
41, 007
43, 276

61, 221
64, 382
64, 944
60, 672

66, 302
72, 188
75, 488
68, 160

401, 913
362, 612
409, 961
356, 298

112, 058
95, 287
91, 619
74, 399

18, 077
13, 307
14. 821
13, 203

43, 291
39, 478
42, 811
33, 002

63, 851
55, 753
63, 993
56, 309

164, 636
158, 786
197, 718
179, 384

113
100
100
82

127
111
117
99

354, 715
315, 118

138, 553
109, 694

47, 955
47, 877

34, 232
29, 131

59, 087
57, 620

74, 887
70, 797

413, 119
380, 281

89, 811
75, 034

19, 738
17, 024

33, 124
31, 245

67, 118
62, 915

203, 328
194, 062

92

103

_ __

.. ..

May
June
July
August
September
October
November
December

1
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, except agricultural exports. For changes in valuations, see footnote on
preceding page.
2
Compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics, based on quantities of agricultural products exported in the period July, 1909, to
June, 1914. ''All commodities" includes 44 selected commodities, comprising usually about 75 per cent of the value of agricultural exports from the United States. The
quantities are weighted by the average export price for the base period. Monthly data from 1919 appeared in the March, 1925, issue (No. 43), p. 27. Details of compilation
and group indexes are given in the monthly supplement to Crops and Markets, issued by the Department of Agriculture, for October, 1924, pp. 356-358.




136
Table 114.—IMPORTS BY GRAND DIVISIONS
FROM NORTH
AMERICA

FROM EUROPE
YEAR AND MONTH

Total

France

Germany

Italy

United
Kingdom

Total

Canada

FROM SOUTH
AMERICA

Total

Argentina

FROM ASIA
AND OCEANIA

FROM
AFRICA
GRAND
TOTAL

Total

Japan

Total

Thousands of dollars
1913 monthly average.
1914 monthly average.
1915 monthly average.
1916 monthly average.
1917 monthly average.

$72, 056
65, 293
45, 529
52, 776
45, 929

$11, 578
8,685
6,493
9,074
8,220

$15, 351
12, 449
3,746
485
13

$4, 610
4,601
4,297
5,020
3,040

$22, 663
23,949
21, 525
25, 457
23, 340

$32, 485
36, 783
42, 455
54, 870
72, 665

$11, 844
13, 669
14, 800
19, 771
34, 473

$16, 522
19, 127
26, 857
35, 634
49, 902

$2, 131
4,690
7,890
9,691
14, 855

$26, 344
26, 265
30, 489
50, 865
71, 455

$8, 245
8,808
9,026
15, 174
21, 139

$1, 978
1,638
2,887
5,158
6,089

$149, 383
149, 106
148, 216
199, 303
246, 039

1918 monthly average.
1919 monthly average.
1920 monthly average.
1921 monthly average.
1922 monthly average.

26, 510
62, 544
102, 320
63, 745
82, 600

4,959
10, 318
13, 805
11, 824
11, 901

26
884
7,403
6,690
9,791

2,028
4,922
6,280
5,191
5,328

12, 385
25, 766
42, 821
19, 900
29, 739

81, 218
6,481
138, 555
62, 904
68, 538

37, 641
41, 225
50, 989
27, 953
30, 337

50, 911
57, 294
63, 417
24, 635
29, 897

19, 032
16, 597
17,315
4,994
7,140

86, 837
99, 696
123, 058
54, 447
72, 955

25, 162
34, 154
34, 548
20, 939
29, 525

7,126
9,349
12, 524
3,365
5,410

252, 601
325, 364
439, 873
209, 096
259, 396

1923 monthly average.
1924 monthly average.
1925 monthly average.
1926 monthly average.
1927 monthly average.

96, 421
91, 341
103, 182
107, 155
106, 357

12, 468
12, 303
13, 120
12, 668
13, 984

13, 433
11, 605
13, 679
16, 541
16, 713

7,689
6,251
8,517
8,377
9,077

33, 673
30, 539
34, 392
31, 933
29, 827

83, 460
82, 930
81,711
84, 298
82, 122

34, 667
33, 262
37, 853
39, 657
39, 590

38, 952
38, 840
43, 233
47, 332
43, 190

9,606
6,275
6,681
7,422
8,103

89, 918
81, 638
116,411
122, 421
109, 285

28, 912
28, 338
32, Oil
33, 391
33, 509

7,255
6,083
7,679
8,035
7,771

316, 006
300, 830
352, 216
369, 241
348, 725

1936
January
February
March
April

111, 176
104, 939
116, 893
104, 318

12, 808
12, 080
14, 497
11, 632

16, 124
16, 549
18, 259
16, 710

8,555
6,774
6,959
7,640

34, 615
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, 379
11, 591
11, 638
11,115

416, 752
387, 306
442, 498
397, 912

May
June _
July
August

89, 449
104, 765
95, 153
105, 873

8,759
10, 052
10, 189
12, 047

14, 412
15, 136
15, 418
18, 309

7,420
7,924
6,735
7,084

24, 401
31, 591
27, 323
27, 347

79, 045
83, 921
78, 699
80, 013

35, 146
37, 394
39, 696
38, 912

36, 698
40, 384
41, 051
44, 623

6,933
7,365
5, 088
5,832

110, 984
99, 848
117, 336
101, 101

24, 810
24, 453
35, 528
37, 397

4,740
7,332
6,721
4,867

320, 919
336, 251
338, 960
336, 477

September
October
November . .
December

108, 663
117, 327
114, 453
112, 855

14, 443
15, 913
15, 023
14, 578

17, 205
17, 728
16, 037
16, 606

8,427
10, 205
13, 155
9,648

29, 799
33, 601
34, 316
32, 645

77, 969
92, 889
88, 752
81, 229

40, 345
45, 782
44, 607
41, 897

42, 129
50, 382
44, 587
48, 078

5,716
7,765
7,338
5,229

110, 321
112, 728
119, 199
109, 814

37, 838
39, 912
36, 968
35, 156

4,120
3,542
6,890
7,486

343, 202
376, 868
373, 881
359, 462

1927
January
February
March
April
_ -. -

100, 140
91, 340
113, 507
107, 517

12, 572
14, 195
14, 067
13, 454

15, 908
13, 246
16, 386
17, 817

9,011
6,713
8,735
11, 061

21, 428
25, 693
33, 860
27, 762

71, 993
79, 946
90, 050
86, 436

37, 563
31, 972
38, 995
36, 135

45, 007
43, 977
47, 328
46, 894

7,542
6,700
8,380
9,388

128, 911
89, 161
115, 659
125, 134

37, 188
23, 264
33, 866
31, 864

10, 790
6,453
11, 787
9 752

356, 841
310, 877
378, 331
375, 734

May
June
July
August

99, 722
100, 837
96, 651
110, 169

11, 158
12, 908
11, 820
14, 729

14, 140
14, 153
16, 148
17, 837

9,006
8,499
7,896
8,578

31, 469
29, 591
29, 343
33, 038

85, 903
89, 836
77, 830
82, 865

39, 464
40, 578
38, 158
39, 973

36, 637
40, 365
37, 631
46, 401

6,581
8,921
6,771
9,694

118, 967
115, 380
100, 261
123, 707

33, 172
36, 035
30, 025
47, 482

5,272
8,474
6,925
5,677

346, 501
354, 892
319, 298
368, 820

October
November
December

113, 446
123, 659
115, 910
103, 382

15, 923
18, 297
15, 460
13, 224

20, 162
20, 846
18, 401
15, 511

8,585
11, 369
10, 697
8,727

29, 721
33, 119
33, 841
29, 063

77, 784
84, 752
80, 578
76, 485

41, 902
44, 670
45, 113
40, 553

38, 293
43, 268
44, 945
47, 529

10, 017
8,536
8,296
6,413

105, 979
98, 994
95, 704
93, 565

35, 369
33, 973
25, 639
34, 229

6,651
5,071
6,129
10, 275

342,154
355, 744
344, 267
331, 236

1938
January
February _
March., _
April __

97, 158
105, 897
104, 736
94, 281

12, 126
13, 918
12, 597
10, 427

15, 855
19, 227
18, 474
16, 715

8,846
8,099
8,238
7,898

23, 089
28, 799
32, 951
28, 096

76, 518
79, 430
88,524
84, 974

37, 027
36, 370
39, 418
35, 039

47, 192
47, 427
59, 229
49, 773

6,747
6,966
12, 525
9,746

107, 507
109, 313
120, 066
109, 776

32, 001
33, 593
30, 748
29, 502

9,573
8,967
7,872
6,390

337, 943
351, 035
380, 427
345, 194

104, 375

11,159

16, 142

8,588

35, 032

85, 905

42, 983

47, 376

10, 713

110,442

35, 976

6,617

354, 715
315, 118

_

.

Sp.ptfvmbp.r

May.
June
July
August

__ __

September
October
November
December
i Compiled by the U. S. Department of Commerce, Jlureau of Foreign and Domestic Commerce, and represent imports of merchandise only. Up to and including May,
1921, import values represented " actual market value or wholesale price at the time of exportation to the United States, in the principal markets of the country from whence
exported, including the value of all containers and coverings, whether holding liquids or solids, and all other costs, charges, and expenses incident to placing the merchandise,
in condition, packed ready for shipment to the United States." (Tariff act of 1913.) Beginning with June, 1921, the import values are either the actual foreign market
value as denned above, or " the export value, including any export tax imposed by the country of exportation," whichever is higher. (Emergency tariff act of May 27, 1921.)




137
Table 115.—EXPORTS BY GRAND DIVISIONS
TO NORTH
AMERICA

TO EUROPE

YEAR AND MONTH

France

Total

Germany

Italy

United
Kingdom

Total

Canada

TO SOUTH
AMERICA

Total

Argentina

TO ASIA AND
OCEANIA

TO
AFRICA

GRAND
TOTAL
Total

Japan

Total

Thousands of dollars

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average

$124, 964
111,608
214, 451
317, 773
338, 538

$12, 827
14, 175
41, 733
71, 735
78, 399

$29, 328
13, 191
981
188
0)

$6, 556
8,161
22, 477
25, 294
34, 920

$49, 228
49, 984
99, 870
157, 282
167, 450

$50, 098
40, 132
46, 567
77, 046
105, 081

$33, 599
25, 885
28, 754
50, 409
69, 077

$12, 210
7,584
12, Oil
18, 356
25, 991

$4, 582
2,261
4,403
6,406
8,925

$17,319
14, 700
20, 009
39, 211
45, 567

$5, 208
3.. 479
3,811
9,096
15, 528

$2, 411
2,110
3,095
4,501
4,282

$207, 002
176, 135
296, 223
456, 887
519, 459

1918 monthly average
1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average

321, 558
432, 306
372, 174
196, 992
173, 613

77, 600
74, 447
56, 349
18, 745
22, 247

(2)
7,730
25, 953
31, 027
26, 343

41, 015
36, 890
30, 980
17, 955
12, 575

171, 774
189, 88:0
161,319
78, 510
71,319

110, 457
107, 983
160, 764
94, 132
76, 305

73, 906
61, 187
80, 988
49, 473
48, 057

25, 226
36, 812
51, 993
22, 777
18, 840

8,759
12, 992
17, 811
9,236
7,962

50, 250
74, 775
86, 932
53, 782
45, 910

22, 815
30, 530
31, 495
19, 620
18, 200

4,933
8,160
13, 806
6,071
4,648

512,424
660, 035
685, 668
373, 753
319,315

1923
1924
1925
1926
1927

174, 451
203, 775
216, 979
192, 512
192, 812

22, 678
23, 472
23, 358
22, 000
19, 063

26, 403
36, 702
39, 195
30, 347
40, 140

13, 961
15, 595
17, 096
13,117
10. 971

73, 527
81,912
86, 155
81, 051
70, 005

90, 514
90, 837
94, 863
98, 040
104, 418

54, 327
52, 003
54, 064
61, 547
69, 710

22, 443
26, 188
33, 551
36, 959
36, 515

9,398
9,758
12, 397
11, 965
13, 624

54, 827
55, 925
56, 340
64, 771
62, 780

22, 019
20, 859
18, 137
21, 730
21, 465

5,056
5,858
7,421
8,440
8,924

347, 291
382, 582
409, 154
400, 722
405, 450

1936
January
February
Mi arch
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, 886
11, 878
10, 878

66, 168
56, 097
65, 755
66, 461

23, 048
18, 934
22, 251
21, 000

8,302
7,032
8,292
9,226

396,
352,
374,
387,

836
905
406
974

IVIay
June
July
August

145, 101
144, 349
166, 047
186, 040

19, 084
14, 802
12, 769
14, 896

21, 202
20, 154
20, 366
27, 950

11, 805
10, 661
12, 201
10, 817

55, 500
62, 638
77, 446
73, 481

111, 243
99, 302
101, 911
101, 627

76, 116
65, 001
66, 100
69, 103

35, 342
30, 126
37, 299
34,288

10, 644
9,770
11,464
11, 724

57, 567
57, 490
54, 434
53, 654

18, 752
16, 899
17, 805
14, 255

7,447
6,767
8,625
8,840

356,
338,
368,
384,

699
033
317
449

September
October .
November
December

224,
235,
247,
249,

263
313
571
428

19, 006
29, 214
28, 852
27, 998

44, 437
46, 958
42, 164
50, 753

11, 309
14, 945
14, 195
17, 193

93, 722
97, 529
111, 329
104, 413

101, 665
102, 790
100, 244
90, 577

64, 309
68, 311
61,816
55, 267

41,558
32, 633
43, 309
43, 318

13, 252
10, 736
13, 289
14, 116

71, 159
75, 417
79, 227
73, 821

21, 753
27, 724
30, 159
28, 174

9,427
9,148
9,948
8,225

448,
455,
480,
465,

071
301
300
369

1937
January
February
March
April

211,
174,
187,
187,

038
360
441
598

20, 302
13, 507
17, 269
17, 069

40, 257
35, 762
36, 985
35, 999

13, 238
9,881
10, 317
9,599

89, 819
70, 461
72, 791
64, 671

88, 054
87, 250
101, 062
110, 551

50, 718
53, 984
65, 945
74, 459

44, 584
31, 995
38, 415
39, 623

15, 355
10, 532
12, 577
13, 306

66, 046
71, 304
74, 056
67, 030

22, 700
22, 971
28, 623
20, 985

9,680
7,528
7,999
10, 572

419,
372,
408,
415,

402
438
973
377

May
June
July
.August

172, 064
155, 328
143, 189
168, 282

18, 086
14, 907
11,411
14, 403

31, 367
29, 941
24, 133
30, 239

8,352
9,496
7,940
9,332

61, 638
56, 103
52, 789
57, 670

120, 057
108, 072
98, 724
109, 058

83, 978
74, 312
64, 772
75, 241

33, 947
31, 468
36, 034
38, 391

12, 388
11, 389
15, 239
15, 678

59, 203
54, 333
54, 318
50, 492

18, 550
13, 698
15, 190
12, 199

7,869
7,764
9,545
8,527

393, 140
356, 966
341, 809
374, 751

211, 728
254, 462
241, 169
207, 088

21, 084
29, 050
28, 542
23, 127

51, 855
62, 637
58, 657
43, 848

8,169
14, 494
14, 926
15, 907

72, 463
89, 958
79, 197
72, 498

118, 505
114, 543
106, 391
90, 748

85, 725
80, 682
69, 991
56, 708

33, 884
32, 719
39, 725
37, 396

12, 976
13, 640
15, 381
15, 025

52, 903
77,031
64, 726
61, 923

17, 923
33, 711
27, 814
23, 212

8, 247
9,888
9,007
10, 462

425, 267
488, 643
461,018
407, 617

207, 577
184, 302
194, 424
161, 772

21, 300
15, 758
18, 693
13, 131

42, 648
37, 424
35, 058
29, 435

14, 530
13, 648
11,317
11, 014

74, 392
68, 924
70, 505
56, 957

87, 319
91, 090
110, 709
101, 902

54, 180
60,784
73, 035
70, 471

34, 812
31, 461
40, 222
33, 848

12, 557
11, 184
14, 884
11, 776

72, 255
55, 081
65, 583
59, 131

26, 108
15, 081
20, 113
16, 985

8,814
9,513
9,680
7,413

410, 778
371, 446
420,617
364, 065

188, 172

18, 538

32,838

15, 149

61, 449

123, 475

88, 978

38, 425

14, 082

63, 015

22, 998

8,983

422, 069

monthly average
monthly average
monthly average
monthly average
monthly average

_ __

September
October
November
December

_ _

1938
January
February
March __
April

May
June
July
August
September
October
November
December

_

_.

i

_
1

i Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent exports, including reexports, of merchandise only. Value
are thi 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.
those
J Total for year 1917 is $3,275. No figures for 1918.




138
SALES AND STOCKS OF LUMBER IN KANSAS CITY FEDERAL RESERVE DISTRICT1
[Thousands of feet, board measure]
MONTH

1924

January
February _ _ _.
March
April
_ - - - May
June
6,724
July
7,317
August
September __ _ _ _.
6,833
7,598
October
November
__ _ _ .
6,585
December
4,654
2 39, 261
Total
2
6, 544 1
Monthly average
_ ._.
.J
i Compiled by the Federal Reserve Bank of

SALES
STOCKS (end of month)
1925
1927
1926
1928
1924
1925
1926
4,521
5,038
5, 356
4,763
45, 567
48, 066
6,222
5,144
6, 201
4,864
48, 199
45, 591
7,677
6,051
7,890
6,317
47, 101
45, 428
8,493
5,802
7,773
6,170
48, 007
46, 031
7,691
7,438
6,199
6, 203
48, 875
46, 257
6,519
5 821
7,507
46, 335
46, 856
5,497
6,730
7,859
45, 397
49, 010
48, 683
7,907
8, 059
5,971
47, 512
45, 582
46, 486
8,280
5,979
7, 148
47, 827
49, 370
47, 171
9,131
7,937
6, 467
47, 304
46, 099
46, 272
7,524
6,871
6,719
43, 854
45, 630
44, 400
5,236
4,224
4,364
44, 935
45, 493
43, 366
85, 891
69, 284
84, 443
2
5, 774
7, 037
7, 158
47, 173
45,611
47, 216
Kansas City from reports of 199 retail yards in the tenth Federal reserve district.

OHIO EMPLOYMENT

1928
41, 842
46, 033
48, 179
45, 919
44, 758

1927
44, 680
44, 920
45, 031
44, 653
44, 376
43, 802
42, 831
43, 684
44, 396
43, 114
41, 176
42, 394

2

43, 755
6 months.

1

[Relative to 1923]

January
February
March
April
Mav
June
July
August
__
September
October
November
December
Monthl y average

_

1923
94. 7
98. 1
102. 4
102.4
103. 5
104.5
100.4
101.4
99.4
98.8
98. 1
96.3
100.0

1924
97 4
99.8
101 0
99.3
93 9
87. 5
85 4
87. 1
90 0
90.8
89.3
91.2
93.9

MANUFACTURING
1925
1926
102 8
93 8
95 0
103 7
96 6
104 0
97.3
103 1
102 1
98 8
99 4
103 3
99 7
102 4
105 3
100 9
103 4
108 1
103 6
108 6
105. 9
103.6
102. 5
103.7
99. 6
104.3

1927
98 8
100 7
103 1
102 7
102 9
101 7
99 2
99 3
98 2
98 4
96 7
95.2
99. 7

1928
95 1
99 6
101 9
101 6
102 3
102 9

1823
09 6
65 8
74 6
88 6
101 7
114 9
120 0
125 o
119 7
115 7
109 4
94.5
100.0

1924
7G 0
74 9
81 4
102 1
111 1
120 1
130 7
131 1
128 5
126 5
113 0
92.3
107.3

CONSTRUCTION
1926
1925
86 9
85 1
81 5
86 1
92 8
73 3
88 9
108 0
117 3
100 9
122 3
119 8
124 6
121 8
121 8
126 1
133 i
125 4
124 4
127 0
116 5
115 5
103.6
115.2
111.5
106.6

1927
83 5
88 2
86 1
90 1
99 8
108 1
122 0
127 7
123 3
110 4
97 2
84.0
101. 7

1928
76 1
72 9
85 3
98 0
109 6
108 3

i Compiled by Ohio State University, Bureau of Business Research. Prior to 1925, the indexes are based on original reports to the Industrial Commission of Ohio by
firms employing 3 or more employees. Beginning with 1925, manufacturing employment includes companies having about 40 per cent of the total employees in Ohio manufacturing industries, while construction index is also based on reports direct to the bureau.

LIFE-INSURANCE LAPSES '

91
101
102
98
98

96
96
106
102
100

90
86
106
101
96

96
97
107
98
100

First quarter
Second quarter

109
119
107
108
111

103
103
111
103
105

95
94
105
101
99

89
98
105
115
102

90
105
101
112
102

94
94

92
89

96
104

106
92
108
96
101

99
95
103
98
99

101
98
107
108
104

102
104
101
101
102

91
93

90
89

89
86

99
90

Pacific

93
92
105
98
97

Mountain

.-.

97
93
106
100
99 \
1927
94
97
102
98
98

West South
Central

96
100
103
101

East South
Central

94
100
100
111
101

1925
First quarter
Second quarter
Third quarter
Fourth quarter
Yearly average

South
I
Atlantic

93
95
104
105
99

West North
Central

98
98
96
97
97

Total

East North
Central

New England

Middle
1
Atlantic

i

92
102
108
114
104

Pacific

100
104
110
112
107

Mountain

89
103
108
104
101

i
West South !
Central

96
102
106
107
103

East South
Central

101
103
104
98
102

South
1
Atlantic j

92
103
106
101
101

-

West North j
Central
|

East North
Central
'

100

97
101
116
106
105

Total

New England \

Middle
Atlantic j

(Relative to 1925-26 average)

1926
97
93
92
98
104
105
109
97
98 ; 101

90
94
113
116
103

1928
98
98

87
84

97
103

Fourth quarter
_
I
Yearly average
i Compiled by the Life Insurance Sales Research Bureau from reports of 63 companies, based on lapses of ordinary life insurance before the payment of premiums for
2 full years. Details by States are also contained in the bureau's report.

SILK GOODS AND BROKERS' LOANS l
MONTH
January
February
March
April
M!ay
June
July
0

--_

fprnKpi-

C\i
TVnt h
mbpr
December
Monthly average -

1919
$1.63
1.63
1.63
1.68
1.80
1.83
1.84
1.89
1.92
1.97
1.99
1.99
1.82

1930
$1.98
1.97
1.95
1.89
1.75
1.74
1.73
1.63
1.63
1.63
1.61
1.44
1.75

FAIRCRILD SILK GOODS INDEX, END OF MONTH
[Dollars per yard]
1925
1926
1924
1922
1923
1921
$1.55
$1.44
$1.34
$1.45
$1.44
$1.41
1.35
1.44
1.43
1.56
1.41
1.40
1.35
1.42
1.40
1.59
1.41
1.40
1.41
1.37
1.59
1.36
1.41
1.41
1.37
1.37
1.36
1.45
1.58
1.38
1.38
1.36
1.38
1.44
1.58
1.36
1.37
1.35
1.37
1.45
1.58
1.38
1.34
1.40
1.35
1.39
1.60
1.45
1.34
1.43
1.35
1.59
1.39
1.46
1.31
1.34
1.43
1.59
1.40
1.46
1.34
1.42
1.59
1.40
1.30
1.46
1.43
1.34
1.28
1.42
1.54
1.46
1.39
1.38
1.36
1.57
1.40
1.44

1927
$1.27
1.29
1.28
1.26
1.25
1.24
1.23
1.23
1.20
1.20
1.19
1. 19
1.24

1928
$1.19
1.20
1.20
1.20
1.19
1.18

RATIO BROKERS' LOANS
TO STOCK VALUES «
[Per cent]
1927
| 1928
1926
8.13
8.99
9.98
8.14
8.91
10.23
8.19
9.29
8.86
8.24
8.95
8.47
8. 13
9.46
8.11
8.21
8.50
9.25
8.10
8.14
8.06
8.46
8.62
8.22
8.57
8.57
8.44
8.43
8.91
8.58
8.30
8. 76

i Compiled by the Daily News Record, representing arithmetic average wholesale price per yard at the end of the month in the New York market of 18 domestic numbers2 and 5 Japanese numbers, including most of the standard fabrics manufactured both in the United States and in Japan.
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 the month from banks
or agencies in New York City. The ratio to market value is based on the market value of all stocks listed on the New York Stock Exchange on the same date, computed
from actual sales.




139

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
FEDERAL
FEDERAL
FEDERAL
FEDERAL
FEDERAL

FARM LOAN BOARD
RESERVE BANK OF ATLANTA
RESERVE BANK OF BOSTON
RESERVE BANK OF CHICAGO
RESERVE BANK OF KANSAS CITY..
RESERVE BANK OF MINNEAPOLIS..

FEDERAL RESERVE BANK OF NEW YORK
FEDERAL RESERVE BANK OF PHILADELPHIA.
FEDERAL RESERVE BOARD

__.

ILLINOIS DEPARTMENT OF LABOR
INTERSTATE COMMERCE COMMISSION

IOWA BUREAU OP LABOR
MARYLAND COM. LABOR AND STATISTICS
MASSACHUSETTS DEPT. LABOR AND INDUSTRY.
MASSACHUSETTS DEPT. PUBLIC UTILITIES
MEXICAN SECRETARY OF INDUSTRY, COMMERCE. AND LABOR.
MILWAUKEE PUBLIC EMPLOYMENT OFFICE ...
NEW JERSEY DEPARTMENT OF LABOR
NEW YORK STATE DEPT. LABOR
NEW YORK STATE DEPT. PUBLIC WORKS
OKLAHOMA DEPARTMENT OF LABOR
PANAMA CANAL
TEXAS STATE COMPTROLLER
U. S. CIVIL SERVICE COMMISSION...
U. S. DEPARTMENT OF AGRICULTURE:
BUREAU OF ANIMAL INDUSTRY.
BUREAU OF AGRICULTURAL ECONOMICS...

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..
Canadian electric power production
Agricultural loans by land and credit banks
Refined sugar shipments
Installment sales, New England dept. stores
Agricultural machinery
Retail sales of lumber by yards
Retail sales of lumber by rural yards
Housing rental advertisements
Foreign exchange rates
Corporation profits
Employment in Pennsylvania and Delaware
Employment and pay rolls, anthracite mines
Debits to individual accounts
Condition of Federal reserve banks
Condition of reporting member banks
Monetary gold, stocks and interest rates
Barley and rye receipts and rye stocks
Sales of loose-leaf tobacco
Index numbers of production trade.
Employment in Illinois
_
_.
Railway revenues and expenses
Telephone operating revenue and income
Telegraph operations and income
Express operations and income._
Fuel consumption by railroads
Railway employment
Factory employment in Iowa
Factory employment in Massachusetts
Massachusetts employment
_.
Milk receipts at Boston
(
Mexican petroleum production and exports
i

Estadistica Agro-Pecuaria
Board of Trade Bulletin
Labour Gazette (Canadian)
Labour Gazette (Canadian)
Foreign trade of Canada
Operating Revenues, etc., of Railways*..
Press release*
Press release*
Not published currently
Monthly Business Review
Monthly Review
Business Conditions
Not published in form used
Business Conditions
Business Conditions Fed. Res. Bull, and daily statement*
Monthly Review
Business and Financial Conditions
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.
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
:..
Not published in form used___
_
Not published in form used
Monthly statement*
Not published
Boletin del Petroleo..

Factory employment in Milwaukee
New Jersey factory employment
New York factory employment and earnings
New York State canal traffic
Factory employment in Oklahoma...
Panama Canal traffic
,
Sulphur production
i
Government employment in Washington, D. C.

Press release*
Business and Financial Conditions
Labor Market Bulletin and press releases*
Annual report
Oklahoma Labor Market
The Panama Canal Record
Press release*
_
Not published
_

Beef, pork, and lamb production
Prices of farm products to producers
Wool stocks in dealers' hands and wool prices
Crop production

Crops and
Crops and
Crops and
Crops and

Markets
Markets
Markets
Markets and press releases*.

Monthly.
Semimonthly.
Semimonthly.
Monthly.
Monthly.
1st of month.
Jst of month.
1st of month.
1st of month.
1st of month.
Daily and monthly.
Quarterly.
1st of month.
1st of month.
Sun. papers and monthly.
Fri. morn, papers and mo,
Fri. aft. papers and mo.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.

Monthly.
Monthly.
Yearly.
15th of month.
Last weekly issue of month.
Quarterly.
Monthly supplement.
Monthly supplement.
Monthly supplement.
1st of mo. (cotton); and
10th (other crops).
Monthly supplement.
Monthly supplement.
Weekly.
Quarterly.
Monthly supplement.
Monthly supplement.
Monthly.
Monthly.
Monthly.

Cold-storage holdings
Crops and Markets.
Movement of cattle, hogs, and sheep
Crops and Markets.
Receipts of butter, cheese, eggs, and poultry
Crops and Market ts.
<
Production of dairy products
Crops and Markets.
Car-lot shipments of fruits and vegetables
Crops and Markets.
Farm labor, wages, supply, etc
Crops and Markets .
Consumption of butter, cheese, and meats
Crops and Markets .
Index of agricultural exports
__ Crops and Markets.
BUREAU OF PUBLIC ROADS.
Federal-aid highways
Public Roads
Wages of common labor, by geog. divs
Not published
U. S. DEPARTMENT OF COMMERCE:
Cotton ginned...
._
BUREAU OF THE CENSUS
Semimo. during season.
Preliminary report on ginnings*...
_
Cotton consumed and on hand
__ Preliminary report on cotton consumed . 15th of month.
Active textile machinery
20th of month.
Wool machinery and cotton spindles*
Leather, hides, shoes, gloves, production, etc
First week of month.
Census of hides, skins, and leather*
Leather gloves and mittens
Press release *
_ 30th of month.
Cottonseed and cottonseed oil
18th of month.
Preliminary report on cottonseed*
__
Hosiery production, stocks, etc
Press release*
__ 30th of month.
Knit underwear production, etc
Press release*
30th of month.
Men's and boys' and work clothing
30th of month.
Press release*
Malleable castings
30th of month.
Press release*
Wheat flour production from May, 1923
Press release*
_
__ 30th of month.
Wheat and wheat flour stocks
Press release*
One month after end of qtr.
Pyroxylin coated textiles
Press release*
30th of month.
Stokers, sales from January, 1923._
20th of month.
Press release*
Stocks of tobacco
__
_
One month after end of qtr.
Statement on stocks of leaf tobacco*
Wool consumption and stocks.__
Press release*
30th of month.
Steel barrels...
Press release*
_
30th of month.
Fabricated steel plate, new orders
20th of month.
Press release*
Box board
30th of month.
Press release*
Electrical goods, new orders
Press release*
One month after end of qtr.
Electric locomotives, mining and industrial
One month after end of qtr.
Press release*
Electric industrial trucks and tractors
Press release*
15th of month.
Floor and wall tile
Press release*
30th of month.
Fire extinguishers
Press release*
20th of month.
Galvanized sheet metal ware
Press release*
30th of month.
Babbitt metal consumption
Press release*
25th of month.
Floor and wall tile
Press release*
30th of month.
Enameled sanitary ware
Press release*
20th of month.
Vitreous china plumbing fixtures
Press release*
25th of month.
Fats and oils, production, consumption, stocks.. Statistics of fats and oils*
One month after end of qtr.
Glues and gelatin, production and stocks
Press release*
30 days after end of qtr.
Fabricated structural steel
20th of month.
Press release*
Automobile production from July, 1921
Press release*
20th of month.
Wood chemical operations, crude and refined
Press release*
30th of month.
Steel castings, new orders and production
Press release*
20th of month.
Steel furniture, shipments
Press release*
25th of month.
Porcelain plumbing fixtures
Press release*
20th of month.
1
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 respective
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.



140
SOURCES OF DATA—Continued
1
SOURCE

|

DATA

CURRENT PUBLICATION

DATE OF PUBLICATION

I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN-Continiied
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.
_
_
_.
Press release*
Commerce Reports
Press release *
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.

Employment agency operations..

BUREAU OF NAVIGATION
BUREAU OF STANDARDS
U. S. PATENT OFFICE
U. S, DEPARTMENT OF THE INTERIOR:
GEOLOGICAL SURVEY

10th of month.
30th of month.
10th of month.
30th of month.
25th of month.
15th of month.
20th of month.
30th of month.
10th of month.
30th of month.

Electric power production.._
_
Consumption of fuel by public utility plants .
Visitors to national parks

BUREAU OF MINES.

Press release*.
Press release *_
Press release*
Press release*
Press release*
Press release*
Press release*
Press release*
Press release H
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, shipments.
.._
Terra cqtta, new orders.
Steel boilers, new orders....
Enameled sheet-metal ware
__.
Public-merchandise warehouses
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
.__
World rubber stocks
Foreign loans issued in United States
Stocks of radio sets
___
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. __
Monthly Labor Review
Employment in Selected Industries.
Monthly Labor Review
Statement of Postal Receipts*
_
Not published _
Not published
,
Daily Statement of the U. S. Treasury..
Circulation of money
_.
Not published
__
Not published
_
,
Not published

Every 4 or 5 weeks.

Immigration and emigration statistics.
_
Wholesale prices and index...
_
Retail price indexes
_
Factory employment, payroll, etc
Industrial disputes
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 DEPARTMENT.
U. S. DEPARTMENT OF STATE...
U. S. TREASURY DEPARTMENT..
BUREAU OF THE MINT
BUREAU OF INTERNAL REVENUE.

U, S. WAR DEPARTMENT:
ENGINEER CORPS

Sault Ste. Marie and Cape Cod Canal traffic
Ohio, Monongahela, and Allegheny Rivers,
cargo traffic.
Barge traffic on Mississippi River
_.
Venezuelan petroleum production and exports..
Agricultural loans
Wisconsin factory earnings and employment

MISSISSIPPI-WARRIOR SERVICE
VENEZUELAN MINISTER OF INTERIOR..
WAR FINANCE CORPORATION
WISCONSIN INDUSTRIAL COMMISSION..

Statement of Tax-paid Products*

_

Middle of next month
Quarterly.
30th of month.
Monthly.
Second or third weekly
issue of month.
20th of month.
First weekly issue of mo.

15th of month.
Monthly.
Monthly.
Monthly.
7th of month.
10th of month.
Last day of month.
Monthly.

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 currently
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 ERECTORS' ASSOCIATION.
_
AMERICAN FACE BRICK ASSOCIATION
AMERICAN FEDERATION OF LABOR
AMERICAN FUR MERCHANTS ASSOCIATION
AMERICAN NEWSPAPER PUBLISHERS' ASSOCN..
AMERICAN IRON AND STEEL INSTITUTE
AMERICAN STEEL AND HEAVY HARDWARE
ASSOCIATION.
AMERICAN PAPER AND PULP ASSOCIATION
AMERICAN PETROLEUM INSTITUTE
AMERICAN RAILWAY ASSOCIATION (Car Service Division).
AMERICAN VENEER PACKAGE ASSOCIATION
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.
Powdered milk, new orders
Passengers carried, electric railways
_
Fabricated steel plate, new orders.
Face brick production, stocks, etc
Trade-union employment
Fur sales
Stocks and consumption of newsprint paper
Steel ingot production
__
Track work production
Sales of iron, steel and heavy hardware..

Financial and trade papers
Monthly report*
Aera
Not published
Trends in the Face Brick Industry..
The Federationist...
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.
Bushel baskets
_
Walnut lumber and logs
Washing machine shipments

Monthly report*
_
Bulletin
Car Surpluses and Shortages*.
Information Bulletins*
Not published.-.
_
Not published.._'
Not published

Press release to trade papers*.
Business and Financial Conditions (Phila.
Reserve Bank.).
Not publisiied.
ASPHALT SHINGLE AND ROOFING MFRS. ASSOCN. Prepared roofing shipments
Corn ground into starch, glucose, etc...
_. Not published __
Assoc. CORN PRODUCTS MANUFACTURERS
The Constructor
ASSOCIATED GENERAL CONTRACTORS OF AM... Indexes of construction costs and volume
Trade papers
ASSOCIATION OF COTTON TEXTILE MERCHANTS Cotton textiles, production, stocks, etc
Financial papers
ASSOCIATION OF LIFE INSURANCE PRESIDENTS Life insurance, new business, premiums, etc.._
Not published
ASSN. OF MANF. OF WOODWORKING MACH.. Woodworking machinery
Not published
BAND INSTRUMENT MANUFACTURERS' ASSOCN. Band instrument shipments
Not published
BINDERS BOARD MANUFACTURERS' ASSOCN.. Binders board production
*Multigraphed or mimeographed sheets.
i imports and exports of gold and silver in Part II.




Production and stocks zinc, retorts operating..
Anthracite mine employment
—

Bimonthly.
Monthly.
Monthly.
Monthly.
Monthly.
7th of month
Quarterly

Weekly.
Weekly.

13th of month.

Monthly.

141
SOURCES OF DATA—Continued
CURRENT PUBLICATION

DATE OF PUBLICATION

II.-REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS—Continued
BOSTON GRAIN AND FLOUR EXCHANGEBUREAU or RAILWAY ECONOMICS
CALIFORNIA REDWOOD ASSOCIATION
CALIFORNIA WHITE AND SUGAR PINE ASSOCN..
CASH CHECK MANUFACTURERS' ASSOCIATION.
CENTRAL FABRICATORS ASSOCIATION..
CHICAGO BOARD OF TRADE
CLEVELAND CHAMBER OF COMMERCE
_.
COLD-FINISHED STEEL BAR INSTITUTE
COMMERCIAL LOCK WASHER STATI. Bu___
COMMON BRICK MANFRS. ASSOCN. OF AMERICA..
CONTINUOUS FOLD PRINTERS ASSOCIATION
COTTON-TEXTILE INSTITUTE...
ELECTRIC HOIST MANUFACTURERS' ASSOCN...
ELECTRIC OVERHEAD CRANE INSTITUTE
EMPLOYERS' ASSOCIATION OF DETROIT.
FELT MANUFACTURERS' ASSOCIATION..
FINE COTTON GOODS EXCHANGE
FOUNDRY EQUIPMENT MFRS. ASSOCIATION. _.
GAS HEATING BOILER AND FURNACE ASSOCN..
GLASS CONTAINER ASSOCIATION.HARDWOOD MANUFACTURERS INSTITUTE
HYDRAULIC SOCIETY
_
_.
ILLUMINATING GLASSWARE GUILD
INDUSTRIAL ALCOHOL INSTITUTE.
LABEL MANUFACTURERS ASSOCIATION
LAKE SUPERIOR IRON ORE ASSOCIATION.
LIFE INSURANCE SALES RESEARCH BUREAU..
LOWER MICHIGAN LUMBER MANUFACTURERS.
MAPLE FLOORING MANFRS. ASSOCIATION.
MINNEAPOLIS CHAMBER OF COMMERCE
MOTOR AND ACCESSORY MFRS. ASSOCIATION...
NATIONAL ASSOCIATION OF BUTTON MFRS
NATIONAL ASSOCIATION OF FINISHERS OF COTTON FABRICS.
NATIONAL ASSOCIATION OF FLAT ROLLED
SHEET MANUFACTURERS.
NATIONAL ASSOCIATION OP GLUE MANFRS
NATIONAL ASSOCIATION OF PIANO BENCH AND
STOOL MANUFACTURERS.
NATIONAL ASSOCN. OF REAL ESTATE BDS
NATIONAL ASSOCIATION OF STEEL FURNITURE
MANUFACTURERS.
NATIONAL AUTO. CHAMBER OF COMMERCE
NATIONAL BOILER AND RADIATOR ASSN
NATIONAL ELECTRICAL CREDIT ASSOCIATION..
NATIONAL ELECTRICAL MFRS. ASSOCIATION
NATIONAL FERTILIZER ASSOCIATION
NATIONAL INDUSTRIAL CONFERENCE BOARD...
NATIONAL MACHINE TOOL BUILDERS' ASSOCN..
NATIONAL PAPER Box MFRS. ASSOCIATION—
NEW ORLEANS BOARD OF TRADE
NEW ORLEANS COTTON EXCHANGE. _
NEWS PRINT SERVICE BUREAU
NEW YORK COFFEE AND SUGAR EXCHANGE...
NEW YORK METAL EXCHANGE
NEW YORK STOCK EXCHANGE
NORTH CAROLINA PINE ASSOCIATION
NORTHERN HEMLOCK AND HARDWOOD MANUFACTURERS' ASSOCIATION.
NORTHERN PINE MANFRS. ASSOCIATION
OAK FLOORING MANFRS. ASSOCIATION
OCEAN PEARL BUTTON MFRS. ASSOCN..
OHIO STATE FOUNDRYMEN'S ASSOCIATION
PACIFIC CANNED FISH BROKERS' ASSOCIATION..
PAPERBOARD INDUSTRIES ASSOCIATION
PLATE GLASS MFRS. OF AMERICA
PLYWOOD MANUFACTURERS' ASSOCIATION
PORCELAIN ENAMEL MANUFACTURERS'ASSOCN.
PORTLAND CEMENT ASSOCIATION
RICE GROWERS' ASSOCIATION OF CALIFORNIA..
RICE MILLERS' ASSOCIATION
ROPE PAPER SACK MANFRS. ASSOCIATION
RUBBER ASSOCIATION OF AMERICA
RUBBER GROWERS' ASSOCIATION
RUBBER TRADE ASSOCIATION
SALES BOOK MANUFACTURERS' ASSOCIATION._.
SAVINGS BANK ASSOCN. OF STATE OF N. Y
SHEET METAL WARE ASSOCIATION
SILK ASSOCIATION OF AM ERICA __
_
SOUTHERN FURNITURE MFRS. ASSOCIATION.—.
SOUTHERN PINE ASSOCIATION
STEEL FOUNDERS' SOCIETY
TIRE AND RIM ASSOCIATION __
_
TWIN CITY MILK PRODUCERS' ASSOCIATION. _.
UNITED TYPOTHETAE OF AMERICA
VACUUM CLEANER MANUFACTURERS ASSN
WEBBING MANUFACTURERS' EXCHANGE
WEST COAST LUMBERMEN'S ASSOCIATION
WESTERN DOOR MFRS. ASSOCN
WESTERN PINE MANUFACTURERS' ASSOCN .
WESTERN SHEET AND TIN PLATE MANUFACTURERS' ASSOCIATION
WHOLESALE SASH AND DOOR MFRS. ASSOCN ..
WlREBOUND BOX MANUFACTURERS' ASSOCN..
WIRE CLOTH MANUFACTURERS' ASSOCIATION
" Multigraphed or mimeographed sheets.




Receipts of wool at Boston
Average railway receipts per ton-mile
Passengers and tonnage carried 1 mile
Redwood lumber production, etc
,.
Sugar pine lumber production, etc...
Cash checks, shipments
_
Fabricated structural steel, new orders, etc
Wheat, corn, and oats, receipts, etc..
Factory employment in Cleveland.
Cold-finished steel bars..
Lock washer shipments
Common brick shipments, stocks, etc
Commercial forms
Cotton yarns and cloth printed.
„
Electric hoists, orders and shipments
Overhead cranes, shipments, etc..
Detroit factory employment
Roofing felt production, stocks, etc
Fine cotton goods production
Foundry equipment, new orders, etc
Gas-fired boilers and furnaces
Glass container production, etc.
Hardwood lumber, stocks, etc.
Steam, power, and centrifugal pumps
Illuminating glassware production, orders, etc
Ethyl alcohol, production and stocks.
Labels, new orders.
_
_
Consumption, stocks, and shipments, iron ore
Life insurance, new business and lapses, ordinary.
Hardwood lumber, production, etc.
Maple flooring production, etc
Linseed-oil and oil-cake shipments__
Shipments of accessories and parts__
Fresh-water pearl buttons, stocks, activity, etc..
Finished cotton goods, billings, orders, shipments, and stocks.
Steel sheets, production, stocks, etc..

Trade papers..
Not published
Summary of operating statistics..
Not published.
Not published
Not published..
Not published
Trade papers
The Clevelander
Not published..
Not published..
Monthly report
Not published
_
Weekly report
Not published
_
Not published
Weekly press release
Not published
_
Trade papers
Report on monthly volume of business
Not published
Monthly report*
_
Monthly report
__
_
._
Not published __
_
Not published
Not published
Not published
_
_
Monthly report*
__
_
Monthly release...
Not published-_.
Not published
_
Monthly statement
Business Bulletin
Weekly report
Not published._

Shipments of animal glues___
_
Production, shipments, and unfilled orders of
piano benches and stools.
Real estate conveyances..
_
Steel furniture, shipments, orders, etc

Not published..
Not published.

Production of automobiles
Cast-iron boilers and radiators __
Credit conditions, electrical trade. _ _
Electrical products, shipments, orders, etc
Superphosphate and fertilizer
Cost of living, wages, and hours of labor
Machine-tool orders, shipments, etc
Paper boxes, shipments and pay roll__
Rice distribution through New Orleans. _
Cotton receipts into sight. _
Newsprint production, stocks, and shipments
Coffee receipts, stocks, etc..
Tin stocks and deliveries.Loans to brokers
North Carolina pine, production, etc
Hemlock and hardwood lumber production,
etc.
Northern pine lumber and lath..
Oak flooring, production, etc
Ocean pearl buttons, shipments, orders, etc
Ohio founds iron, meltings, stocks, etc
Shipments of canned salmon
Paper board shipping boxes and boxboard
Plate-glass production
_
Plywood, orders, etc.New orders and shipments of flatware
Cement paving contracts
_.
Rice, receipts, stocks, shipments (Calif, mills)__.
Rice, receipts, stocks, etc. (southern mills)
Shipments of rope-paper sacks
Rubber tires, heels, soles, crude stocks, etc
Rubber stocks in Europe, Asia, and Brazil
Rubber prices
Shipments and orders of sales books
Savings banks deposits in New York State
Galvanized and enameled sheet metal ware
Raw silk consumption, machinery activity, etc..
Furniture shipments and unfilled orders
Yellow pine production and stocks
Steel castings, bookings, and production
Production of automobile rims
Milk production, Minnesota.
Printing activity
Vacuum-cleaner shipments
Elastic webbing, shipments
Douglas fir lumber production, etc
Fir doors, Pacific coast __
Western pine lumber production, etc
Wages, steel workers, Youngstown district

Not published _ _
Not published
Not published
Not published __
Not published
Monthly press release.
Not published __
Not published-Monthly report
Monthly report
Monthly bulletin
Monthly statement
Trade papers
Financial papers
Not published _ _
Not published

Daily.
Monthly.

Daily.

Monthly.

18th of month.
Monthly.
Weekly.

Not published _

Bulletin
Not published.

Not published..
_
Not published-.
Not published
Monthly report* (not published)
Not published
Not published
Financial papers
Not published.
Not published .
Concrete Highway Magazine
Not published
Monthly report
Not published __
M onthly reports (not published)
Bulletin of Rubber Growers' Association.
Not published
._
Not published
_.
Not published in form used
Not published
Monthly press release to trade papers*
Not published in form used
Not published in form used
Not published
Financial papers._
Not published.
Typothetae Bulletin..
Trade papers
Not published
Not published
Not published
Not published
Trade papers

Not publishedWholesale door business
Weekly report
Rotary cut veneer, receipts and purchases
Wire cloth, production, shipments, stocks, etc. Not published._

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.
20th of month.
Monthly.

Bimonthly.

142
SOURCES OF DATA—Continued
DATE OF PUBLICATION

HI.-REPORTS FROM TECHNICAL PERIODICALS
AMERICAN METAL MARKET
AMERICAN WOOL AND COTTON REPORTER
THE ANN \LIST
THE BOND BUYER
BRADSTREET'S _
_ - _ . _ _ _
CHEMICAL \ND METALLURGICAL ENGINEERING
COAL AGE
COMMERCIAL AND FINANCIAL CHRONICLE .
DAILY NEWS RECORD
Dow, JONES & Co. (WALL STREET JOURNAL) __
DUN'S REVIEW
ELECTRICAL WORLD
EN\MELIST ENGINEERING AND MINING JOURNAL-PRESS
ENGINEERING NEWS RECORD
HAY TRADE JOURNAL.. .
_
IRON A.GE
IRON TRADE REVIEW..
_
JOPLIN GLOBE
LUMBER MANUFACTURER AND DEALERMILK REPORTER
MONETARY TIMES
NAVAL STORES REVIEW
NEW YORK JOURNAL OF COMMERCE
NEW YORK EVENING POST
NORTHWESTERN MILLER
OIL, PAINT, AND DRUG REPORTER
OIL TRADE JOURNAL
PRINTERS' INK
_
PUBLISHERS' WEEKLY
RAILWAY AGE
.. .
ROCK PRODUCTS
RUSSELL'S COMMERCIAL NEWS
. ..
STATISTICAL SUGAR TRADE JOURNAL
WORLD'S RUBBER POSITION (BRITISH). _

.

. __

SOURCE

First or second week of month (daily) .
Composite pig iron and steel prices; tin pricesTextile wages, New England
_ __
First weekly issue of month (Fidays).
Stock sales and prices
First weekly issue of month (Saturdays).
State and municipal bond issues and yields.
Weekly (Saturdays) .
Visible supply of grains (except rye)—
Check payments and business failures, Canada
__
First weekly issue of month (Saturdays).
Wholesale price index
Second weekly issue of month (Saturdays).
Chemical price index _
_ Weekly (Wednesdays).
Mine price of bituminous coaL
Weekly (Thursdays) .
Cotton, world visiblesupply_ __ _
Weekly (Saturdays) .
5New corporate securities
Last weekly issue of month (Saturdays).
Fairchild cotton goods and silk" goods index
First week of month (daily).
First week of month (daily) .
New York bond sales and prices
20th of month (daily).
Mexican petroleum shipments
Business failures and wholesale price index
. _
First weekly issue of month (Saturdays).
Sales of electrical energy, central stations
First weekly issue of month (Saturdays).
Monthly.
Household enameled ware ..
__ _.
Rand gold production; lead, zinc, copper, and silver prices
Second weekly issue of month (Saturdays).
Construction cost index.
.
First weekly issue of month.
Hay receipts
Weekly (Fridays) .
Pig-iron production, furnaces in blast, etc _
First weekly issue of month (Thursdays).
Iron and steel prices
Weekly (Thursdays).
Shipments, etc., zinc and lead ore, Joplin district
Price indexes of lumber. _ . .
_
_ . First weekly issue of month (Fridays).
Milk receipts at Greater New York. _
Weekly.
Canadianfirelosses .
Turpentine and rosin, receipts and stocks, 3 ports
Weekly (Saturdays).
First week of month (daily).
Dividend and interest payments and new incorporations
Fire losses. __
_
. _ __ 10th of month (daily) .
Newspaper advertising
Not published.
Flaxseed, receipts, etc.
Weekly (Wednesdays).
Weekly (Mondays).
Price indexes of drugs, oil, etc; Argentine flaxseed stocks
10th of month (monthly).
Mexican petroleum shipmentsMagazine advertising.
. Second week of month.
Book production
Third week of month.
Railway equipment orders
.
Sand lime brick production, etc
Monthly.
Wheat flour production and stocks (computed) __
Fourth week of month (i Wednesdays).
Sugar stocks, receipts, meltings, and Cuban statistics
Weekly (Fridays) .
World shipments and stocks of rubber
_ _.
DATA

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
AMES, A. E., & Co....
CHILDS Co
CHASE SECURITIES CORPORATION
COMPAGNIE UNIVERSELLE DU CANAL MARITIME DE SUEZ.
DICKSON, R. S., & Co
_
DODGE, F. W., CORPORATION.__
GEHM, W. H., Co
_
GENERAL MOTORS CORPORATION
GRAND, F. & W., 5-10-25 CENT STORES
_
GRANT, W. T., Co
HAFFARDS, G. M., & Co
HARTMAN CORPORATION
HERCULES POWFDER Co

Building costs
Construction costs
...
Stockholders in the company
Canadian bond issues.__
Restaurant sales..
Dividends paid on industrial stocks.,
Suez Canal traffic

Southern cotton mill stocks index
Building contracts
Furniture shipments
._.
Sales of closed cars, sales to dealers and to users.
Chain-store sales.
Chain-store sales.
Fall River cotton mill dividends
_
Chain-store sales
__.
Steam naval stores, production and stocks...
Hotel room occupancy
HORWATH & HORWATH
Mill dividends, Spartanburg County, S. C_.
LAW, A. W., & Co
LLOYD'S.
_. World ship construction
KRESGE, S. S., Co
Chain-store sales
Chain-store sales_
KRESS, S. H., & Co.
MCLEAN BUILDING REPORTS, LTD
Canadian building contracts
Chain-store sales
.
__.
MCCRORY STORES CORPORATION
METROPOLITAN FIVE AND TEN CENT STORES_ Chain-store sales
Factory labor turnover
METROPOLITAN LIFE INSURANCE Co
Chain-store sales..
MURPHY, G. C., Co
Indexes of stock and bond prices
NEW YORK TRUST Co
OHIO STATE UNIVERSITY, BUREAU OF BUSI- Employment, construction industries, Ohio.
NESS RESEARCH.
O'SHAUGHNESSY'S SOUTH AMERICAN OlL Petroleum data for Mexico and Venezuela._..
REPORTS.
PENNEY, J. C., Co
C hain-store sales
Stockholders in the company
PENNSYLVANIA RAILROAD Co
New passenger-car registrations
POLK, R. L., & Co..
___
PULLMAN Co
I Pullman passenger traffic and operations.
New Bedford cotton mill dividends
SANFORD & KELLEY.
!
Chain-store sales
SCHULTE, A., INC
Mail-order sales..
SEARS, ROEBUCK & Co
Sales of furniture in Grand Rapids district _
SEIDMAN & SEIDMAN...
Chain-store sales
SILVER, ISAAC, & BROS..
Stock and bond price indexes
STANDARD STATISTICS Co
THOMPSON, J. R., Co
Restaurant sales
Chain-store sales
UNITED CIGAR STORES Co
Unfilled orders
UNITED STATES STEEL CORPORATION
Earnings..
Stockholders
Wages of common labor
Restaurant sales
W^ALDORF SYSTEM, INC
Mail-order sales
___
WARD, MONTGOMERY, & Co.
Chain-store sales
_
WOOLWORTH, F. W., & Co..
* Multigraphed, mimeographed, or duplicated sheets.




Construction trade papersAmerican Appraisal News.
Financial papers
Weekly bond summary *__.
Monthly report
Not published
Le Canal de Suez.
Financial papers
Statement on Building Statistics.
Not published
Financial papers.
Financial papers
Financial papers
_
Bradstreet'S-.
Financial papers.
Naval Stores Review..
The Alarm Clock...
Financial papers
New York Journal of Commerce .
Financial papers
Financial papers
Canadian Building Review
Financial papers
Financial papers
Not published
Financial papers
The Index
Bulletin

Monthly.
Third week of month.
Monthly.
5th, 15th, and 25th of
month.
Weekly.
Monthly.
Monthly.
Quarterly.
Monthly.
Semiannually.
First week of month.
First week of month.
Monthly.
First week of month.
Monthly.
Monthly.

South American Oil Reports.
Financial papers.
Financial papers.
National New Car Reporting Service*
Not published
Bradstreet'S_
Financial1 ]paper;
Financial papers
Not published
__
Financial papers
Standard Securities Service
Monthly press release*
Financial papers
__
Press release *
Press release*
Financial papers
Special reports*
Quarterly press release*
Financial papers...
Financial papers

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.

GENERAL INDEX
Page numbers refer to data in detailed tables (pp. 23-138) 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 Bonds—Continued.
Page
Page
Prices and yields
127, 128 Cereals. (See Grains.)
Abrasives, paper and cloth
64
Sales
128 Chain stores:
Accessories, automobile
50, 51
61
Acetate of lime, production, etc
78 Book paper and books.
Sales
117, 118, 119
Acid, sulphuric, price and exports
82 Boots and shoes. (See Shoes.)
Stock prices
129
Active textile machinery
28, 32, 34 Boston:
Check payments
125
Milk receipts
96 Checks, cash, shipments
Advertising:
61
Wool receipts
28 Cheese, production, receipts, etc
Magazine and newspaper
116
97
Rentals, Minneapolis
65 Box board, production, receipts, etc_ _ 62 Chemicals:
62, 64
Agencies, employment
110 Boxes, paper, production, etc
Dyes and explosives
79
26
Agents and brokers, failures
132 Bradstreet's, price index
Employment index
108
Brazil:
Agriculture:
Production and prices
23, 81, 82
Coffee, receipts and clearances__ 99
Pay-roll index
113
Foreign trade
135
Foreign-exchange rates
134
Marketings, index
24
Price indexes
26, 81
Price indexes
24, 27 Brick:
Stock index
25
Housing costs
65
Wages
110
Time operations, factory
114, 115
Production, stocks, etc
74, 75
Agricultural implements
42
Wood distillation and alcohol. 78, 79
Unfilled orders, index
25 Childs Co., restaurant sales
Agricultural loans and mortgages
124,
119
130 British India, foreign-exchange rates. 134 Chile:
Air, mail dispatched by
116 Brokers:
Foreign-exchange rates
134
Alcohol, ethyl, and wood (methFailures
132
Nitrate production
82
Loans to
125,138 China, vitreous, plumbing fixtures___ 75
anol)
78, 79
Allegheny River, cargo traffic
102 Buildings:
Cigars and cigarettes:
Contracts awarded
66
American Telephone & Telegraph
Consumption and exports
100
Cost indexes, losses, etc
65
Co., stockholders
133
Sales, chain stores
117, 119
Security issues
131 Circulation, money and notes
Animal fats and glues
86
125, 126
Building materials, price indexes. _ 26, 65 Citrus fruits, car-lot shipments
Animal products:
91
34 Clay and glass products:
Marketings, index
24 Burlaps, imports
97
Price index
27 Butter, production, receipts, etc
Enployment index
108
33
Apartments, bond issues
131 Buttons, pearl, production, etc
Pay-roll index
113
Apparel, wearing:
Production, prices, etc
74, 75, 77
47
Production, etc
29 Cables, power
Time operations
114,115
Sales, chain, stores
117, 119 Cake and meal:
Unfilled orders index
25
Cottonseed, production, etc
83 Cleaners, vacuum
Wholesale trade
122
42
Linseed, shipments, etc
84 Clearances, ship
Apples:
101
Production (crop estimate)
87 California:
Clearings, bank. (See Check payPetroleum, stocks
52
Stocks and shipments
91
ments.)
Redwood lumber, production,
Argentina:
Cleveland, employment, factory
109
Flaxseed, exports, and stocks
84
etc
67 Clinker, stocks
_"
77
White-pine lumber, production,
Foreign-exchange rates
134
Cloth, cotton
32, 33
etc
69 Cloth, wire
Foreign trade with
136, 137
45
Rice, stocks and shipments
91 Clothing:
Arsenic, crude and refined
81
Asphalt, production, stocks
54 Canada:
Cost indexes, retail
27
Automobiles, production and
Assets, life-insurance companies
124
Production, stocks, etc
29
exports
50
Automobiles:
Rubber-proofed
56
Bond issues
130
Accessories, rims, registrations,
Sales, chain stores
117, 119
Building, contracts awarded
66
etc
51
Sales, wholesale
122
Canals, cargo traffic
102 Coal:
Earnings, manufacturers
133
Check payments
125
Production, exports, sales, etc__ 50
Employment, anthracite mines__ 108
Cheese, exports
97
Production index
23
Loadings, freight cars
105
Coal and coke, production
35, 37
Stock prices
129
Prices, production, stocks, etc.. 35
Employment
110
Tires and tubes
56
Production index
23
Failures
132
Visiting national parks
103
Retail-price index
27
Fire losses
65 Coconut oil, consumption, etc
85
Foreign-exchange rates
134 Coffee, imports, stocks, etc
Babbitt metal, consumption
49
99
Foreign trade
134, 136, 137 Coke:
Band instruments, shipments
49
Iron and steel, production
36, 37
Bands, rubber
57
Production, exports, etc
37, 54
Life-insurance, new business
124
Banks:
Coal consumption
35
Methanol
78, 79 Cold-storage holdings:
Condition, interest rates, etc
125,
Newsprint paper, production,
126, 127
Apples
91
etc
60
Failures
132
Butter, cheese, and eggs
97
Oats and oatmeal
90
Farm loans
130
Poultry and
fish
99
Power, electric
107
Barley:
Meats
93,94
Railroads, operation
103 Concrete, paving contracts
Exports, prices, etc
90
76
Salmon, canned, exports
99 Conditions, banks
Production (crop estimate)
87
126
Silver, production and stocks
126 Conduits, nonmetallic
Barrels, steel
39
47
Slaughter, inspected
58
Bars, cold-finished steel
39
Construction, building:
Wheat and flour, production,
Baskets, bushel
73
Contracts awarded and volume
etc
88,89
Baths, enamel, orders, etc
44
index
66
102
Beef, production etc
94 Canals, traffic
Cost indexes
65
117
Belgium, foreign-exchange rates
134 Candy, sales, chain stores
Employment in Ohio
108, 138
Benches, piano
72 Canned goods:
Security issues
131
Milk, condensed, etc
95, 96
Binders' board, production
62
76
Salmon
99 Construction, highways
Boilers:
101
Cast-iron, including gas-fired
41 Cape Cod Canal, cargo traffic
102 Construction, ships
Consumption:
Steel, new orders
38 Capital issues. (See Securities.)
Cars, railroad
105, 106
Bonds:
Chemicals and oils. 82, 83, 84, 85, 86
40, 41
Government, outstanding. _ 127, 130 Castings and cast-iron products
Coal
35
Cattle, receipts, shipments, prices,
Held by life-insurance compaCotton and fabrics
31,56
and slaughter
92
nies
124
Dairy products
96,97
76
Iron ore
36
New issues
130,131 Cement, production, stocks, etc

(143)


144
GENERAL INDEX—Continued
Page numbers refer to data in detailed
references easy without the necessity of an
Consumption—Continued.
Page
Meats
93,94
Petroleum products
52, 53, 54
Pulp and paper products
60, 62
Rubber
55,56
Tobacco
100
Wheat and
flour
88
Wool
28
Containers:
Glass, production, etc
77
Paper, production, etc
62
Conveyances, real estate
65
Copper:
Exports, prices, etc
45
Production
23, 45
Stock prices
129
Copra and copra oil, stocks, etc
85
Cord, flexible electrical
47
Corn:
Production (crop estimate)
87
Receipts, grindings, exports, etc_ 89
Corporations:
Dividend payments and failures. 132
New security issues and incorporations
130, 131
Profits and stockholders
133
Stock and bond prices. 127, 128, 129
Costs, building construction
65
Costs, living, indexes
27
Cotton:
Consumption, exports, etc
31
Marketings, index
24
Prices
27, 30
Cotton fabrics:
Cloth, exports
32
Consumption by tire manufacturers
56
Fine goods, production
32
Prices, wholesale
30
Production, stocks, etc
33
Cotton
finishing
32
Cotton mills:
Dividends and spindle activity.. 32
Stock prices, southern mills
128
Cotton yarns:
Prices
30
Production, stocks, etc
33
Cottonseed and products
83
Cranes, electric overhead
43
Credit:
Bank
125
Electrical trade
46
Farm
130
Crops:
Cotton, production
31
Food, production and value
87
Marketings, indexes
24
Price indexes
26
Tobacco, production
100
Cuba, sugar movement
98
Customs, receipts
127
Dairy products:
Butter and cheese
97
Milk
95,96
Marketing indexes
24
Price indexes
27
Debits. (See Check payments.)
Debt, United States Government
127
Delaware:
Employment and earnings _ 109, 112
Pay rolls, factory
111
Delinquent accounts, electrical trade_ 46
Department stores, sales, etc
120, 121
Deposits, bank and savings
125
Detroit, employment, factory
109
Disputes, industrial
HO
Dividends, payments
32, 132
Doors, pine and
fir
73



tables (pp. 23-138) only. Items in the text are arranged in groups, which should make
index. See also " Table of Contents," page 1.
Drugs:
Pag© Fish:
Page
Price indexes
26, 81
Catch, cold-storage holdings, etc. 99
Sales, chain stores
117, 119
Marketings, index
24
Wholesale trade
122 Fish oil, production, etc
86
Dry goods:
Flaxseed:
Prices, wholesale
30
Receipts, shipments, stocks
84
Wholesale trade
122
Production (crop estimate)
87
Dun's, price index
26 Flooring, rubber
57
Dyes and dyestuffs, exports
79 Flooring, wrooden:
Production, etc., hardwoods
71
Prices, pine and
fir
67, 68
Earnings:
88
Corporations, classified
133 Flour, wheat, production, etc
Labor
112 Food:
Earnings, manufacturers
133
Public utilities
107, 133
Exports and imports
135
Railroads and express comFactory employment, index
108
panies
103,133
Pay-roll index, factories
113
United States Steel CorporaPrice index
26, 27
tion
37
Production index
23
Eggs, receipts, etc
97
Stock index
25
Elastic webbing, shipments
34
Stock price index
129
Electric cranes and hoists
43
Time operations, factories. _ 114, 115
Electric locomotives, shipments
104
Foreign bonds
128, 130, 131
Electric power:
134
Fuel consumption
35, 54 Foreign-exchange rates
133
Production and sales
107 Foreign stockholders
Electric trucks and tractors
51 Foreign trade:
Canadian exports and imports__ 134
Electric washing machines
42
United States exports
135, 137
Electrical products
46, 47
United States imports
135, 136
Electrical trade, delinquent accounts. 46
Vessels in United States ports. _ 101
Emigration
101
Forest products:
Employment:
Car loadings
105
Agencies and trade unions
110
Marketings, indexes
24
Factory
108, 109, 138
61
Mines, railroads, etc
108, 138 Forms, blank
43
Time
112, 114 Foundry equipment, orders, etc
Enameled ware
44, 49 Foundry iron, meltings, prices, etc .36, 40
France:
Engines, internal-combustion, patForeign-exchange rates
134
ents granted
42
Foreign trade with
136, 137
England. (See United Kingdom.)
Potash production
82
Equipment:
105, 106
Agricultural, shipments42 Freight cars
101
Fire-extinguishing, shipments
51 Freight rates, ocean
Foundry, orders, shipments, etc_ 43 Fruits:
Farm prices
27
Railway, orders, etc
129
Marketings, index
24
Essential oils, wholesale-price index. _ 81
Shipments, car-lot
91
Ethyl alcohol
79
Exchange, foreign
134 Fuel:
Coal, production, etc
35
Expenditures, United States GovernCoke, production, etc
37
ment
127
Consumption, all kinds
35
Exports. (See Foreign trade and
Cost of, index number
26, 27
individual commodities.)
Petroleum, production, etc .52, 53, 54
Explosives, production, etc
79
34
Express, earnings
103 Fur, sales
Furnishings, house, price index
26
Fabricated steel
38 Furnaces:
Blast, in operation
36
Fabrics, rubber-proofed
56
Electric, new orders
47
Factories. (See Manufactures and
Furniture:
Industrial corporations.)
Household
72
Failures, business
132
Steel, office
38
Fall River, textile-mill dividends
32
Wholesale trade
122
Farm implements
42
Farm loans and mortgages
124, 130
Farm products:
49
Price index
26, 27 Galvanized sheet metal ware
Production indexes
26 Gas and electric companies, earnings
(see also Public utilities)
107
Farm wages
111
54
Fats, animal, greases, etc
86 Gas and fuel oils
Federal farm-loan and intermediate
Gasoline
53
credit banks, loans
130 Gelatin, edible, production and
stocks
86
Federal reserve system, condition
125
Felt, roofing, production and stocks. 81 General Motors Corporation, sales. _ 50
Fertilizer, exports, consumption, etc. 82 Germany:
Foreign trade with
136, 137
Fiber, vulcanized
46
Potash sales
82
Fibers, imports
34
Ginnings, cotton
31
Finance. (See Banking and securiGlass, production, etc
77
ties.)
59
Finishing, cotton
32,33 Gloves, production
Fir, Douglas, lumber
67 Glues, animal, production and stocks. 86
126
Fire-extinguishing equipment
51 Gold, receipts, exports, etc
Fire, losses by
66 Government, Canadian, bond issues. 130

145
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 23-138) 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.
Government, United States:
Page Iron and steel—Continued.
Page Lumber—Continued.
Page
Bonds, prices, etc
124
Production index
23
Fabricated steel products
38
Employment in Washington
108
Ingots, steel, production, etc
37
Production, etc
67,
Finances, debt, etc
127
Ore, shipments, stocks, etc
36
68, 69, 70, 71, 72, 138
Pay-roll index
113
Postal business
116
Products (doors, furniture, etc.) _ 72,
Pig-iron, production, prices, etc_ 36
Grains:
73
Production, index
23
Exports, prices, etc
89, 90
Stocks, index
25
Railway equipment
104, 106
Farm-price indexes
27
Unfilled orders, index
25
Loadings
105
Sheets, steel__
39
Marketings, index
24
Stocks, index
52 McCrory Stores Corporation, sales. _ 118
Production (crop estimates)
87
Time operations, factory _ _ „ 114, 115 Machine tools, new orders
43
Grand, F. & W., sales
118
Unfilled orders
'
25, 37 Machinery:
Grand Rapids, furniture
72
Profits and earnings
129, 133
Vessels, construction
101
Grant, W. T., & Co., sales
118
Wages
111
Shipments, etc
42, 43
Grease, production, etc
86 Iron, steel, and heavy hardware,
Machinery activity:
Great Britain.
(See United Kingsales
38
Boxboard and box mills
63
dom.)
Issues, new capital
.
130, 131
Textile mills
28, 32, 34
Italy:
Groceries:
Magazines, advertising
116
Foreign-exchange rates
134 Mail, United States
Sales, chain stores
117
116
Foreign trade with
136, 137 Mail-order houses, sales
Wholesale trade
122
116, 117
Gum lumber, stocks
70 Japan:
Malleable castings, production, etc__ 40
Foreign-exchange rates
134 Manganese, ore imports
Gum (naval stores), marketings, in36
Foreign trade with
136, 137 Manufactures:
dex
24
Joint-stock land banks, loans
130
Earnings
133
Ham, smoked, prices
Employment index
108, 109, 138
93 Joplin district, lead and zinc shipments
48
122
Exports and imports
135
Hardware, wholesale trade
Hardwood lumber
70, 71 72 Kerosene
Failures and dividend payments, 132
53
Hartman Corporation, sales
Pay-roll payments
113
119 Knit underwear, production, shipHay:
Production index
23
ments, etc
29
Production (crop estimate)
Securities, prices, etc
127,
87 Kresge, S. S., Co., sales
118
Receipts
128, 129, 131
91 Kress, S. H., & Co., sales.
118
Heels, rubber, production, etc
Stocks on hand, indexes
25
57
Hemlock, northern, lumber
64
Time operations
113, 114, 115
67 Labels, paper, orders
Hides and skins:
Labor:
Maple flooring, production, etc
71
Imports, stocks, etc
Earnings
111, 112 Maryland, employment, factory
109
58
Prices
26, 58
Employment
108 Massachusetts, employment and earnHighways, construction
Time worked
113, 114, 115 Mings
76
109, 112
Turnover, factory
114
Hogs, prices, receipts, shipments, and
eats:
slaughter
94
92 Lamb, production, stocks, etc
Farm prices
..
27
Hoists, electric
92
43 Lambs, shipments and slaughter
Production, etc
93, 94
Hosiery, production, stocks, etc
138
Wholesale trade
.
122
29 Lapses, life insurance
Hotels:
57
Lard compounds and substitutes
86 Mechanical goods, rubber
93 Merchandise, car loadings
Room occupancy
105
106 Lard, production, exports, etc
69 Metals and minerals (see also indiviBond issues
131 Lath, northern pine
Hours, operations
28, 32, 34, 113, 114 Lavatories, enamel, shipments, e t c _ _ 44
dual commodities):
Lead, production, prices, etc
23, 48
Household:
Earnings, corporations
133
Enameled ware, activitv
Employment index
108
49 Leather:
Pay-roll index
113
Furnishings, price indexes
Employment index
108
26
Factory time operations
114, 115
Price index
26
Furniture, shipments, etc
72
Housing:
Pay-roll index
113
Production index
23
Stock and unfilled order index__ 25
Construction
Products (shoes, gloves)
59
66
Time operations, factory
114, 115
Cost of, index numbers
27 65
Production, stocks, etc.
23, 25, 59
78, 79
34 Methanol, production, etc
Rental advertisements
65 Leather, artificial, shipments, etc
123, 124, 138 Metropolitan Stores Corporation,
Ice cream, production
96 Life insurance
sales
118
Illinois, employment
and
earnLight, cost of, index numbers
27
ings
109, 112 Lime, acetate
78 Mexico:
Petroleum, production and ex84
Illuminating glassware
77 Linseed oil and cake _
Immigration
ports
52
101 Livestock:
Silver production
126
Imports. (See Foreign trade and inLoadings
.
105
Mica, manufactured
47
dividual commodities.)
Marketings, indexes
24
72
Price to farmers, indexes
27 Michigan, lower, hardwoods
Incorporations, new
130
Milk, receipts, production, etc
95, 96
India. (See British India.)
Receipts, shipments, prices and
109
slaughter
92 Milwaukee, employment, factory
Industrials. (See Manufactures and
23
Corporations.)
Living, cost of
27 Minerals, production, index
105 Minneapolis:
Installment sales, New England
120 Loadings, freight cars
Linseed oil and cake, shipments- 84
Instruments, band, shipments
49 Loans:
Milk production
96
Insurance, life
123, 124, 138
Agricultural
124, 130
Rental advertisements
65
Interest:
Bank, total and to brokers, 125, 138
102
Life-insurance policies'
124 Mississippi River, cargo traffic
Rates
127,128, 131
Payments
132 Locomotives, exports, shipments, etc_ 104 Money, circulation, stocks, etc__ 125, 126
116
Investments:
Logs, walnut
70 Money orders, postal
Monongahela River, cargo traffic
102
Banks
125, 130 Losses:
Life-insurance companies
124
Business
132 Mortgages:
Held by farm banks, etc
130
Iowa, employment, factory
109
Fire
65
Held by life-insurance comIron and steel:
Labor disputes
110
panies
124
Barrels, washers, and bars
39
Ships
101
Issued for real estate, bonds
131
Boilers and radiators, cast-iron. 41 Lubricating oil
54
Motors, electric
46
Castings
40 Lumber:
Employment index
108 Municipal bonds:
Earnings, manufacturers'
37
New issues
130
Factory time operations
114, 119
Employment index
108
Yields
.
127, 128
Enameled sanitary ware
Marketings, index
24
44
119
Pav-roll index
, 113 Murphy, G. C. Co., sales
Exports and imports
38

http://fraser.stlouisfed.org/ 731°—28- -10
Federal Reserve Bank of St. Louis

146
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 23-138) 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 Printing:
Page
Activity
61
103
Naval stores, receipts, stocks, etc
80 Parks, national, visitors
Employment
108
Netherlands, foreign-exchange rates- 134 Passengers:
Newspaper
60
Railroad and Pullman
103
New Bedford, textile-mill dividends- 32
Pay-roll index
113
Street railways
107
New Jersey:
Time operations
114,115
Employment and earnings... 109, 112 Passenger cars, railroad, orders, etc__ 106
101 Profits. (See Earnings.)
Pay rolls, factory
111 Passports, issued
Patents, granted
42 Production, index (see also individual
New Orleans:
76
Rice shipments
91 Payments, concrete
commodities)
24
125 Public
Sugar receipts, domestic crop
98 Payments, check.finance
127
132 Public utilities:
Newspapers, advertising
116 Payments, dividend and interest
Pay roll, factories
111, 113
New York City:
Bonds, prices, etc_ 124, 127, 128, 131
Pay roll, anthracite mines
108
Check payments and brokers 7
Contracts awarded
66
Pennsylvania:
loans
125
Dividends, earnings, etc
107,
Rediscount rate 127
Employment and earnings. _ 109, 112
132, 133
Milk receipts
96
Pay rolls, factory
111
Stock prices
128, 129
New York State:
Pennsylvania Railroad Co., stockPublishing:
Canal traffic
102
holders
133
Book and job
61
Employment and earnings.. 109, 112 Penney, J. C., & Co., sales
119
Newspaper
60
Pay roils, factory
.
111 Petroleum:
Pullman, passengers and operations. _ 103
Savings banks, deposits
125
64
Capital issues
131 Pulp, wood
New York Stock Exchange:
24
Crude, production, etc
23, 52 Pulpwood, marketings, index
Loans to members of
126
42
Earnings
133 Pumps, shipments, etc
Security sales
128
34
Refined products
23, 53, 54 Pyroxylin-coated textiles
Nitrate of soda
.
82
Stock prices
129
Nonferrous metals:
products, laminated
46 Radiators, cast-iron, production, etc_ 41
Employment index
108 Phenolicbenches, and stools
47
72 Radio, stocks
Production index
23 Pianos, prices, production, etc.
36 Railroads:
Production, prices, etc
45, 48 Pig-iron,
Dividend payments
132
etc
68, 09
Pay-roll i n d e x _ _ „
113 Pine lumber, production, stocks
Earnings and profits
103, 131
80
Stocks, index
25 Pine oil, production and
Employment
108
77
Time operations, index
114, 115 Plate glass, production
Equipment
104, 105, 106
Plumbing fixtures:
Freight-car movement
_ 103, 105
Enameled sanitary ware
44
Oak:
Fuel consumption
35
Porcelain and vitreous ware
75
Flooring, production, etc
71
Securities
124, 127, 128, 129
Price index
65
Lumber, stocks, etc
70
107, 132
Plywood, shipments, etc
73 Railways, electric and street
Oats:
56
Porcelain, electrical, shipments
46, 47 Raincoat, fabrics, rubber proofed
Exports, prices, receipts, etc
90
Rand, gold output
126
Porcelain, enameled
flatware
49 Raw materials:
Production (crop estimate)
87
75
Ocean transportation
101 Porcelain, plumbing fixtures
Exports and imports
135
93
Offal, grain, production
88 Pork products, production, etc
Price indexes
26
Postal receipts and money orders
116
Ohio:
Stock indexes
25
Potash, imports, etc
82 Rayon, imports, stocks, and prices __ 34
Foundry iron, stocks, etc
40
Employment
108, 109, 138 Potatoes:
Real estate:
Ohio River, cargo traffic
102
Car-lot shipments
91
Conveyances
65
Oklahoma:
Production (crop estimate)
87
Bond issues
131
Employment and earnings. _ 109, 112 Poultry:
Receipts, United States GovernPay rolls, factory
111
ment
116, 127
Marketings, index
24
Oil:
67
Price index
27 Redwood, California, lumber
Essential, wholesale price index. 81
46
Receipts and stocks
99 Reflectors, industrial sales
Fish
. 86 Power, electric:
Registrations, automobiles
51
Petroleum
52, 53, 54, 131, 133
Fuel consumption
35 Rent:
Pine
80
Advertisements
65
Production
107
Vegetable and
fish
81. 83, 84, 85
Cost of
27
Switching equipment
46
Oleomargarine:
Reserves, bank
126
Production and consumption
83 Prices:
121
Brick and cement
74, 76 Restaurants, sales
Consumption of chief ingrediCoal and coke
35,37 Retail prices:
ents in
83, 85, 96
Coal
35
Coffee and tea
99
Onions, car-lot shipments
91
Food and coal indexes
27
Dairy products
27, 95, 97
Orders, new. (See individual comSugar
98
Drugs and chemicals _ _ 78, 79, 81, 82 Retail trade:
modities.)
Grains and
flour
27, 88, 89, 90
Orders, unfilled, index (see also indiChain stores
117, 118, 119
Hides and leather
20, 58, 59
vidual commodities)
25
Department stores
120
Iron and steel
36, 37
Ore:
Gasoline and kerosene
53
Lumber
67, 68, 71
Iron, shipments and imports._ 23, 36
Lumber
71. 138
Meats and livestock
27, 92, 93, 94
Lead and zinc, shipments, etc___ 48
116, 117
Naval stores
. _ 80 Rice:Mail-order
Total, car loadings
105
Nonferrous metals
45, 48
Outlet boxes, electrical
46
Exports, stocks, etc
91
Paper and pulp
60, 64
Overalls, cut, etc
29
Production (crop estimate)
87
Petroleum and products. _ 52, 53, 54 Rims, automobile
51
Plumbing fixtures
65 Rivers, cargo traffic
Panama Canal, traffic
102
102
Rubber
55 Roads, construction
Panel boards, electrical
47
77
Silver
126 Roadbuilding, wages in
Paper:
111
Sugar
98 Roofing, production, etc
Book, fine, wrapping, etc
61, 63
81
Textiles
2(>, 30, 34, 138 Rooms, hotel, occupancy
Box board and boxes
62
106
Tobacco
100 Rope paper sacks, shipments
Employment index
108
64
Vegetable oils
81, 83, 84 Rosin, receipts, stocks, etc
Newsprint, production, etc
60
80
Pay-roll index
113 Price indexes (see also Prices):
Rubber, consumption, imports, etc__ 55
Production index
23
Building and construction costs- 65 Rubber products, production, etc
23,
Pulp and paper products
64
Farm
26, 27
25, 56, 57, 129
Stocks, index
25
Retail
27 Rye:
114, 115
Stocks and bonds
127, 128, 129
 Time operations
Exports, prices, etc
90
Waste for box board
62
Wholesale, classified
26
Production (crop estimate)
87


147
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 23-138) 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
St. Lawrence Canal, cargo traffic
102
Sacks, rope paper, shipments
64
Sales:
Chain stores
117, 118, 119
Department stores
120
Factory. (See individual commodities.)
Mail-order houses
116, 117
Wholesale
122
Sales books, shipments and orders
61
Salmon, canned, shipments, etc
99
Sand-lime brick
75
Sanitary ware, shipments, etc
44
Sault Ste. Marie Canal, cargo traffic- 102
Savings deposits, New York State
125
Schulte, A. (Inc.), sales
119
Sears, Roebuck & Co., sales
116
Securities:
Held by life-insurance companies. 124
New issues
130, 131
Prices and sales
127, 128, 129
Tax-exempt, outstanding
130
Sheep, receipts, shipments, prices and
slaughter
92
Sheet-metal ware
49
Sheets, steel
39
Shelter, prices of, index numbers
27
Shelving, steel, shipments, etc
38
Shipments. (See individual commodities.)
Shipping:
Fuel consumption
35, 54
Ocean and construction
101
River and canal cargo traffic
102
Shoes:
Production, prices, exports, etc_ 59
Rubber heels and soles
57
Sales, chain stores
117, 119
Wholesale trade
122
Silk:
Imports, stocks, etc
34
Prices
30, 138
Silver, production, prices, etc
23, 126
Silver, Isaac, & Bros., sales
119
Sinks, enameled
44
Slaughter, livestock
58, 92, 93, 94
Soda, nitrate of
82
Soles, rubber
57
Steam naval stores
80
Steel (see also Iron and Steel):
Barrels, washers, and bars
39
Castings
40
Earnings
37, 133
Exports and imports_ _
38
Fabricated products
38
Ingots, prices, etc
37
Sheets, production, shipments__ 39
Stock prices
.
129
Unfilled orders
25, 37
Wages
111
Stockholders, corporations
133
Stocks, commodity, index numbers
(see also individual commodities)-- 25
Stocks, corporation:
New issues
130, 131
Prices and sales
127, 128, 129
Stokers, mechanical, sales
. _ _ „ 43
Stone, clay, and glass products:
Employment index
108
Pay-roll index
„
113
Production index
23
Production, etc
74, 75, 76, 77
Time operations, factory
114, 115
Stools, piano
72
Stores, retail
117, 118, 119, 120, 121
Structural steel
37,38
Suez Canal, cargo traffic
102
Sugar, meltings, stocks, receipts, etc_ 98



Page
Sulphur, production
82
Sulphuric acid, price and exports
82
Superphosphate, production, etc
82
Sweden, foreign exchange rates
_ 134
Switzerland, foreign exchange rates-_ 134
Tax-exempt securities
130
Tea, imports, stocks, prices
99
Telegraph and telephone companies:
Revenue and earnings _
107, 133
Stockholders, American Telephone & Telegraph Co.. _
133
Ten-cent stores, sales..
117, 118, 119
Terra cotta, new orders
74
Textiles:
Burlap and fibers
34
Clothing
26, 27, 29
Cotton
30,31
Cotton manufactures
30, 32, 33
Employment index
108
Hosiery and knit underwear. _ _ _ 29
Machine activity
28
Mill dividends
32
Pay-roll index
113
Prices, wholesale
26, 30, 34, 138
Production index
23
Pyroxylin-coated
34
Rayori
34
Silk
30, 34
Stock index
25
Stock price index
128, 129
Time operations, factories __ 114, 115
Unfilled order index
25
Wages, New England
111
Webbing, elastic
34
Wool
28,30
Theaters, stock prices
129
Thompson, J. R. Co., restaurant
sales
119
Tile, floor and wall
74
Tin, imports, prices, stocks, etc
48
Tires, production, stocks, etc
23, 56
Tobacco:
Emplo3^ment index
108
Pay-roll index
113
Production, stocks, etc
23, 100
Sales, chain stores
117, 119
Stock prices
^
129
Time operations, factories-- 114, 115
Tools, machine, new orders
43
Trackwork, steel
40
Tractors, electric, industrial
51
Trade:
Business failures
132
Canadian
134, 136, 137
Foreign
101, 135, 136, 137
Mail-order
116, 117
Retail
71, 117, 118, 119, 120, 138
Wholesale
122
Trucks:
Automobile, production
50
Electric industrial, shipments— 51
Turnover, factory labor
114
Turpentine, receipts, stocks, etc
80
Underwear, knit, production, etc
29
Unfilled orders, index (see also individual commodities)
25
Unions, trade, employment
110
United Cigar Stores Co., sales
119
United Kingdom:
Foreign-exchange rates
134
Foreign trade with
136, 137
Tea stocks
99
United States Government. (See
Government, United States.)

o

United States Steel Corporation:
Page
Earnings and unfilled orders
37
Stockholders
133
Wage rates
111
Utah, lead shipments
48
Utilities, public. (See Public utilities.)
Vacuum cleaners, shipments
42
Vegetables:
Car-lot shipments
91
Marketings, index
24
Vegetable oils, production, stocks,
etc
83, 84, 85
Vehicles (see also Automobiles, Shipping, and Railroads):
Employment, index
108
Pay roll, index
113
Production, index
23
Time operations, factory
114, 115
Unfilled orders index
25
Veneer, rotary-cut
73
Venezuela, petroleum production,
etc
52
Vessels. (See Shipping.)
Vitreous china, plumbing fixtures
75
Vulcanized fiber, consumption, etc__ 46
Wages, factory, etc
110, 111
Waldorf system, restaurant sales
119
Walnut, lumber and logs
70
War Finance Corporation, loans
130
Ward, Montgomery, & Co
116
Warehouses, public merchandise
106
Washers, lock
39
Washington, D. C., Government employment in
108
Washing machines, electric
42
Water, electric power from
107
Water softeners and systems
42
Wax, production and stocks
54
Webbing, elastic, sales
34
Welding sets, electrical
47
Welland Canal, cargo traffic
102
Wells, oil, completed
52
Western pine lumber, production,
etc
69
Wheat and wheat
flour
87, 88, 89
Wholesale trade:
Price indexes
26
Sales_
122
Wire cloth, production, etc
45
Wisconsin, employment and earnings
109, 112
Wood distillation:
Consumption and stocks
78
Marketings
24
Wood pulp
64
Woodworking machinery
43
Wool:
Marketings, index
24
Prices, wholesale
30
Receipts, imports, stocks, etc— 28
Woolworth, F. W., & Co., sales
118
Workers:
Employed, factories, etc
108, 109
Registered at agencies
110
Worsted yarn, wholesale price
30
Yarns:
Prices, cotton and worsted
30
Production, etc., cotton
33
Yields, bonds and stocks___ 127, 128, 129
Youngstown district, steel workers'
wages
HI
Zinc, prices,
etc...

production,

stocks,
23, 48




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How to Use
Current Business Statistics
Explained for the Business Man in non-technical language
283 specific examples and 7 charts
Published by ike U. S. DEPARTMET OF COMMERCE
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with a Borewortf, by HERBERT HOOVER

. Woolley^ Chairman of the Board, American Radiator Company,
"This little booklet is something that has loftg been needed and it
undoubtedly be of the greatest value, particularly to those organisations w&ich
3baye npt yet ^toade any great use of the statistics. * * * The simplicity
df the presentation is to be highly commended. * * ' * The vast number of
practical applications cited can, b£ of the greatest advantage even to those
at*e at prcisent making use of the statistics."

Chapter Titles
i. <THE PROBLEM AJ^D ITS SOLUTIOK
n, HOW THB FIGURES ARB U^ED

m. HOW ro i^TERpRfcr T^E FIGURES
IV. HOW TQ COLLEOT CURRE7Sj;r STATISTICS

This publication is for sale by the SUPERINTENDENT of DOCUMENTS
GOVERNMENT PRINTING OFFICE, Washington, D. C.
to whom all remittances should be made
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Price 15 cents
(Postage stamps not accepted)

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