Full text of Survey of Current Business : August 1928
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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! 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(» 111. ti 106. 4 96. 4 105. 5 106.4 103. 2 105. 5 108.3 105. 5 102.8 .2 -2 B=*"TB C^ -» 'Q J "^ £s i S 89.0 100. 1 88.0 92.1 86.0 99.0 82.0 101.3 Apr.— " June— g 1 'S « ^ 120. 1 1 3 5 . 7 1 03. 9 95. 0 92. 0 104. 2 r ! ^ r ' i <35 i , ,-i . 107 3 \ ? s ^ i)i) 7 < / -i UO 5 mo ( )2 S1 JG2 1 1LH). 5 1 1 i '0 5 U2 j ll'J. 1 10*'. 2 02.1 10:5.5 39.6 113.2 40.8 113. 1 17— 109.0 102.0 102.3 40.8 114.7 24_ __ 111.0 101. 3 106. 4 40.8 114. 6 31 112. 0 95. 5 107. 3 41.2 115.8 i : 3 105.5 43. 3 123.7 14V 3 ' 102.3 44. 1 L.'.. 7 133. 7i 1 , i. y|' 105. 5 45. 3 120. -t "3b. b 88.0 101. 1 72.7 93.0 111.5 97.3 97. 0 99. 8 101.4 28— 101.0 103.9 103.2 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 10— 108.0 106. G 99.1 i 1 ]<Y>.4 44.1 12'). I 1928 Jan.— 7 14... 12 IP 2 3 w fex BANKING AND FINANCE i i I Of). -1 00.4 r -^ . Oi c .»| 87 . 5 !- s! 4 57 ') 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 PUBLICATIONS OF THE DEPARTMENT OF COMMERCE Recent publications of the Department of Coihmerce having tlie most direct, interest to readers of the STJKVEY OF BUSINESS are listed beldw. - A Complete list may be obtained by addressing the Division of Publications, Department of Commerce, at Washington. v Copies of the > publications may be purchased 'from t&e Superintendent of Documents, Croveniment . .Office, Washington, at the prices stated: If no price is .mentioned, the publication is distributed 'free. \ ' OFFICE OF TflE SECRETARY j k - i ' ^ ^ , f the Iodine industry in Chile, France, United Kingdom, Norway, Japan, Java, and Russia. The imports of . iodine into the Unitecl States are shown*' and there' is an appendix containing t^he regulations of the Chilean ipdine producers* > association.: Aeronautical Publications.—Aeronautics Bulletin No. 6 (formerly Information,Bulletin ^No.,6); 5 pages. List iof, books, ' / - •;•/ • _ and magazines compiled by the Aeitinaiitics Branch of; the . Price, 10^. , ' '•:,; , , . / " _ "' Markets for Hand Tools in Canada , and Latin Anierica.-— . Department of Commerce, . , ; , , . t Requirements for Approved type Certificates, Airjjlane Trade Information Buiejfcin, No.. 562;, ii-f-87 pages^ Analysis Structures, Airpjane Engines, Airplane propellors, Together of t^ie hand tool requirements of 'the markets of Canada and , with Recomjmerided Practice , (Civp) *^—Aeronautics; Bulletin tiie Latin American cbuntries. Price,, 10^. '. . , - :^ Central American Markets for Electrical Equipment.-^ $0. 14^x4-56* pages,. 13 illus, ' i Qontains the .structural re^quirements for various types of airplanes promulgated byr the. (Ti:ade Information Bulletin Nt)l, 563; ii-h 23 pages/; Dis<jusses^ Aeronautics Branch of the Department of Commerce,. .Def- ,^the, extent, to which^electricity is used in various Oe4tral initions of terms used in aeronautics are given and the construe*- Americati countries > and gives , statistical tables sho^iiig the' exports of electrical equipment from the United States to these tion regulations are explained in detail. , , , , \ / ! countries: Price, 10$. ^ ; ; \; BUREAU OF THE CENSUS (For information concerning plan of publication and distribution of censu^ publica^, tions^ address the .Director of t#e Census) , , . 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( \ , How to Use Current Business Statistics.—Contains suggeatidns as to how to use and interpret the\figures givei* yin the Survey of Current Business, with 'a; discussion of methoda used by trade .associations in collecting statistics. Pajper, 90 pages, 7 diagrams, price 15^: BUREAU OF FOREIGN AND DOMESTIC COMMERCE <The publications of this bureau may also be purchased from the bureau or its : v ,^. district offices) ' , Monthly Summary of Foreign Commerce of United States, May, 1928.—Parts I and ,11. , Part 1 Contains statistics of exports of domestic merchandise, apd imports by articles for May, 1927 and 1&28, and for five months ended May, 1927 and 1928. Part II contains summaries 6f export and import trade; monthly average irnpori and export pricep; statistics of trade with Alaska, Hawaii, and Porto Rico. Single copies, Part Ir 10£; Part II, 5^ Annual subscription, $1.25. Employment for Americans in Latin America.—18 pages. Discusses the opportunities for employment M "Latin American countries, \yith suggestions as to methods of obtaining same. British Market for Electrical Machinery and Equipment, by Hugh fi. Butler, assistant commercial, attach. IVade Inform^tion Bulletin No. 558; ii+38 pages. Compares British and American production methods for electrical equipment aad discusses the growth in use of such appliances in Great Britain and the possibilities for increased sales of American products. Price, 10fL , Tradfe in Jodfee.—Trade Iiifoipnation Bulletin No. 561; 114-35 {teges. Contains a brief statement regarding tie sources from Which iodine is obtained and its uses, witji accounts of BUEEAU OlF STANDARDS Simplifted Practice Recommendation; No. 73: One Piece ^Porcelain Insulaior^.-^Vi4-14 pjagesj, illustrations. , Price, 6#. Standard Time Conversion Cliart.—Miscellai^eous Publication No. 84; 2 pages, This chart;shows two .clreles, pne^perr imposed uppri^the other. 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BUREAU OF MINES'1' '"'/ V' ; ' / i r- ' '' ' " " ^ .Production and Development Problems in Powell Oil Nayarro Colinty, Tex., by H. B, Hill and Chase E. Suttoii. Bulletm 284; vi-f 123 pages, 29 illustrations, 8 plates.^ 3£ud of the -Powell oil ^eld, the methods used in extracting oil, and the diificulties encountered, wilh suggestions for further ,deye]topment of this area. : Price, 45f§. , > • rGold, Silver, Copper, Lead, and Zinc in Idaho and Washington in 1526.— From Mineral Ilesources of United States* 1926, Pt. I, pp. 415-4TO. Price, 1G#. \ . ; Cyanide Extraction of Gold and Silver Associated With Arsenic and Antimony in Ores, with JBspecial Reference to Those in Nevada and South Dakota, by Edmund S. Leaver and Jesse 'Al,- Woolf. Technical Paper,, 423; iyH-52 pages, 5 pages 6f plates. Report' on resujis of exj>eriments to develop process for extracting gold and silver from ores containing these metals mixed with arsenic and antimony. ]*rice, 15#. • Accidents at Metallurgical Works in United States during Calendar tear 1926, by William W.Adams. Technical Paper 430;, ii+38, pages. Shows the number of men employed in metallurgical plants in tlie United .States during J92§, the number injured by accidents in these works, and the causes of the accidents. Price, lOfS. ^ .\ BUREAU OP NAVIGATION American Documented Seagoing Merchant Vessels of 500 Gross Tons and Over* JtiHe, 19^8.^ii+6(5 pages. PublfeHed monthly. ' Single copies, 10£; annual subscription, 7^. v NowReady ^" I V \ ** 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 ' 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 •- * ,V V 1 v Price 15 cents (Postage stamps not accepted) ' '