Full text of Survey of Current Business : December 1927

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™

UNITED STATES
DEPARTMENT OF COMMERCE
'WASHINGTON

SURVEY OF
pJECEMBER, 1927
No. 76 ,

i

;

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_

COMPILED BY

'

BUREAU OF THE CENSUS
,'"'••'.

'

IN

COOPERATION WITH

PURpAU OF FOREIGN AND DOMESTIC L'
BUREAU OF STANDARDS

, , ;'/',; ,

'

; ^ ,

IMPORTANT

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, ,

In add&fam to figwres gfyen^ftoin Gjoverwineni soiurcep, there $re also incorporated for completeness $f
s4erm<ce figures jroito other wwces generally accepted by the trade*, the authority and responsibility'
•fof which &rv[wQjed i« tjie ''tSources of Data" on page$ JTJ^J^/ of the AwfiWt semwnnudl
' '

'

'

'

'

Subscription price pf , the SURVEY OF CURIUBKT BUSINESS is $l.SO a year; single copies (monthly), 10 c^ts* ser^ianniml J
issues, 25 cents. Foreign subscriptions,, $2.25; single copies; (monthly issties)> iiicliiding postage, 14 cents; semiannual ;
issues, ^ cents. S&bseriptioci price of COMMERCE REK>RIS is 2>4 a year; Vith the,SURVEY, SS'.SO a year. Mak6
remittances only to Superintendent of Documents, Washington, D. C, fey postal money order, express orfer,
York draft. Currency at sender's risk. uP6sitage stamps or foreign m<wy not accepted r
,




3. S.SGVr.llHHFHT r&IHTlMfi OFFICE. J»27

INTRODUCTION
HE SURVEY ojp CURRENT BUSINESS is designed to i
ent each month a picture of the business Situation
ettirig forth the principal facts regarding the variines of trade aijd industry. At semiannual inter| detailed tables are published giving, for each item,
hly figures for the past two years and,yearly
arisons, where available, back to 1913; also blank
sufficient for six months have beer* left; at the
>m of eafch table enabling those who care to do
0 enter new figures as soon as they appear (see
5 for August, 1927? No. 72). In the intervening
ths the more important comparisons only #re
in the table entitled /'Trend of business movemi
ts."
'
' " ' • • '
WEfiKLt SUPPLEMENT
fealizing that current statistics are Idghly perishand that to be of use they must reach the business
at the earliest possible moment, the department
Ranged to distribute supplements every week to
cribers iii-th^ United States. The supplements are
|Iy mailejd on Saturdays ^nd give such information
as been received during the week enduttg on the
ding Tuesday. The information contained in
Bulletins is republished in the mdnthly SURVEY,
:hte distributed as quickly as it can be completed
printed.
BASIC DATA

e figures reported in the accompanying tables are
largely thiose already ift existence. The chief
Jon of the department & to bring together these
which, if available at all, are scattered in hun. of different publications. A portion of, these
are collected by] Government departments^ other
— are compiled by technical journals, and still
are reported by tr&de associations.
&BLATITE NUMBERS
r\ facilitate

comparison between Different imporitems tod to chart series expressed in different
, ; relative, numbers (often called " index nuni" a term referring more particularly tp a special
of ntimber described below) have been calcu-<

bomputing these relative numbers the last pre~
vear, 1$13, or the first postwar year, 1919, have
(jy been ttsed &s m base equal tp 10,0 wherever
tle.f More lately the average for 1923-1925 has
frequently taken as 100.
}
le relative numbers are computed by allowing the
Jaly average for the base yesar or period to equal
: If; the movement for a current month is greater
the tase, the relative number will be greater than
tod vice v^rsa. Tfe difference between 100 and
illative number will give ^t once the per cent
^se or decrease feompried with the base period.
'a relative number or 115 me&ns ain increase of 15
t over the t>ase period^ while a relative number
meftns a decrease of 20 p0r cent from the base.
'ative numbers may a|so be used to Calculate ttie
* tate percentage increase or decrease in a move-

rnent from one period to the next. Thus, if a relative
number at onfe month is 120 and for a later month it
is 144 there has been aj? increase of 20 ppr cent.
INDEX NUMBERS
When two or word series of Jrelative numbers are
combined by a system of .weightings, the resulting
series is ^nQmm&ted aij index number. The index
number, by combining many relathrle numbers, fa
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 iridustry wjhich the relative
number covers. Comparisons with the base year or
with other periods &re made in the same manner f as in
the case of relative numbers;
; ^
RATIO CHARtS
In many instances the charts used iij, the S^BVEY
OF CUEE^NT BUSINESS are of the type termed "Ratio
Charts" (logarithmiq scale), ndtably the Business
Indicator charts on page 2, These charts shpw tiiei
percentage increase and allow direct comparisons
between the slope of one curve /and that 6f any otherr
curve regardles^ of its location on the diagram; that
is, a 10 pbr cent increase in an itein is given the same
vertical movement whether its cutye is ne^r the bottom or near the top of the (iiark The difference
between this and the ordinary arithmetic form of
chart can be m^de olear by an example. If a certain
item, having a Relative nun^ber. of 400 in one month,
increases 10 per cent in the following ,inonth, its
relative number will be 440, ^iid on an ordinary
chart would be plotted 40 equidistant scale points
higher than the preceding month. Another movement with a relative number of, s§y, 50, also increases
10 per cent, making its relative pumber 55r On the
ordinary (arithmetic) scale this item would rise only 5
equidistant points, whereas the previous item rose 40
points, y^t each showed the same percentage increase.
The ratio charts avoid this difficulty and jgive to each
of the two movements exactly the same vertical rise,
knd hence ;the slopes of the two lines are directly
comparable. Th0 ratio charts compare percentage
/changed, while: the arithmetic charts compare absolute
changes,
• • •' '" % '
' . ' ' V • •;' • • * •
BOOK

As an aid to readers in comparing present 4ata
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 sho\ro by inonths as far
fyaqk as 1909, if Available. Full descriptions of the
figures and reports ol how "the clatji ^re used in actual
practice by business firms are contained 'i& the RECORD
BOOK. The first section, covering textiles, has already
been issued and may be obtained for 10 cents per
copy f rpm th€> Superintendent oi Documents, Government Printing Office, ^ashingt!on? D. C. (Do not
send stamps.) Notices of other sections will be
given in the Su^aVEt as they are issued, ' / . ~

'his issue, presents practically complete data far the month of October and also items covering the early weeks of
iber received Up to November 28. (See charts and table, pp. 4 and5*) 4* most data covering a particular month's
;s$ are not available] until from 1$ to SO days after the close ot the month* a, cqmplete^picture^ of that month's
ions can not be presented at an early date, 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 C E N S U S
IN C O O P E R A T I O N WITH

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

No. 76

December, 1927

WASHINGTON

CONTENTS
SUMMARIES

Page
1
9

INDEX BY SUBJECTS

Preliminary summary for November _
Textiles
_ ._
'Course of business in October
Metals and metal products
Business indicators:
Fuels
__
Monthly (table and chart)
2,3 Automobiles and rubber
Weekly (table and chart) __
_ __
4, 5
Hides and leather
Wholesale prices (table and charts). _
. . 6, 7, 11 Paper and printing
Indexes of business:
Building construction and housing
Summary (text and charts) __
_ _
... 9, 10, 11 Lumber products
Detailed indexes (production, prices, sales, etc.)..__
18
Stone, clay, and glass products
Automobiles, building, mining, manufacturing, elecChemicals and oils_ _ _
_
_ _
_ _ _
_ _ _
8 Foodstuffs _ _
trie power, and transportation (charts)
Tobacco
NEW DETAILED TABLES
Transportation and public utilities.
_ _
Employment a n d wages _ _ _ _ _
Public utility earnings
48
Distribution movement (trade, advertising, etc.)_
Fire losses in Canada
48
Banking and finance
Foreign exchange and trade, gold and silver

Text Table
page
page
21
12
23
13
14
27
14 25, 29
14
28
14
30
31
15
32
15
34
15
34
15
36
16
16
40
40
17
42
11
43
17
44
17
46
17

PRELIMINARY SUMMARY FOR NOVEMBER
Measured by the volume of check payments, business during November was on a higher level than in
the corresponding month of 1926. The distribution
of goods, however, as seen from data on carloadings,
was running smaller than last year, the principal declines occurring in loadings of mineral and agricultural
products. The value of new building contracts
awarded in the early weeks of November was smaller
than during either the previous month or the corresponding period of last year. The production of
bituminous coal was also running lower than in either
previous period. The output of crude petroleum
showed a recession from the previous month but was
still substantially larger than in November, 1926.
Lumber output was running somewhat smaller than
in October, but was larger than in the corresponding
period of last year. Wholesale prices continued to recover during November but on the average were
lower than a year ago. Loans and discounts of Federal
73513—27

1




reserve member banks advanced during the month to
the highest point on record. The Federal reserve ratio
was lower than in either the preceding month or the
same month of last year. Prices of stocks listed on the
New York Stock Exchange recovered considerably
during the month, being substantially higher than in
November of last year. Bond prices advanced as compared with both prior periods. Loans to brokers and
dealers by Federal reserve member banks of New
York City, secured by stocks and bonds, expanded,
being at the end of the month higher than in either
prior period.
Interest rates on call loans averaged lower than in
either the previous month or November, 1926. Rates
on time money made similar comparisons with both
prior periods. Business failures during November
were more numerous than in the corresponding period
of 1926, with defaulted liabilities showing similar
comparisons.

MONTHLY BUSINESS INDICATORS, 1920-1927
Ratio charts—see explanations on inside front cover. The curves on check payments, wholesale trade, sales of mail-order houses, and 10-cent chains, and department
stores have been adjusted for normal seasonal variations, and that on manufacturing production for the varying number of working days in the month]




1924

|

J925 i 1926

I 1927

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. The items formerly shown in the table entitled " Business Summary," usually appearing on page 9 of
previous issues, have been consolidated into this table.
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.
1937

1936
Aug.

July

ITEM

Sept.

Oct.

Nov.

Dec.

Jan. 1 Feb.
i

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

1923-1925 monthly average^lOO

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1

i

Manufacturing production:
t Total. _
Pig iron.
Steel ingots
Automobiles _
Cement.
Lumber (5 species)
Cotton (consumption)
Wool (consumption) ...

103.5
107.9
105. 1
110.0
137.9
103. 5
90.0
80.7

110.5
107.1
115.3
131.2
136.7
106.6
97.5
86.2

110.2
105.0
113.2
122.2
133.3
105.3
111.2
96.6

110.5
111.6
117.8
102.2
133.5
106.2
110.8
103.6

103.0
108.3
107.2
78.0
114.2
94.9
113.8
100.9

98.0
103.4
100.3
50.8
86.4
84.4
117.9
101. 0

96.9
103.9
108.8
72.8
66.4
78.9
117.8
97.9

105.7
98.4
109.4
92.8
59.4
86.0
115.0
97.0

111.4
116.6
130.1
120.2
92.1
91.6
135.3
114. 5

111.9
114.5
118.5
123.6
113.0
91.0
120.6
92.8

114. T
113.5
116.1
122.9
134.4
101.9
123.3
93.6

111.9
103.4
100.3
97.4
138.6
99.9
129.1
95.0

106.6
98.8
91.9
81.8
140.1
96.5
110.9
84.1

105.1
98.6
100.4
94.4
147.4
107.5
123.4
98.1

106.1
92.9
93.5
80.0
MO. 8
105.8
122.2
101.6

93.2
95.1
68.7
138.2
102.5
119.4
103.6

Raw material output:
Total
_
Animal products
Crops
Forest products
Minerals (all)
Crude petroleum
Bituminous coal . .
Copper

99.8 104.6
99.3 ' 96.4
93.6 103.5
97.9 95.6
113.8 118.4
106.2 109.2
99.8 106.4
109.5 109.2

127.1
96.4
155. 9
98.8
118.4
107.2
112.4
110.1

153.7
96.8
210. 3
98.4
125.7
113.5
125.3
113.9

141.5
108.7
180. 5
92.7
120.0
113.8
137.1
113.6

120.3
108.8
135.3
87.0
113.8
118.3
132.4
109.8

104.7
§6.1
110.4
80.1
111.6
116.4
130.6
115.5

92.8
85.4
93.2
84.3
104.2
110.6
121.4
104.9

96.8
102.0
84.7
92.2
115.3
122.7
138.1
105.1

82.8
102.7
61.0
94.2
96.6
118.2
79.6
107.8

91.1
116.1
63.1
103.4
110.2
124.2
81.2
108.6

88.1
107.3
62.6
101.6
109.9
121.4
84.1
105.4

90.1
97.7
76.3
94.3
106.8
127.6
77.2
99.4

113.8
97.6
124.4
103. 3
117.3
127.1
95.7
102.0

138.3
94.5
186.2
101.8
111.8
122.3
96.3
100.0

154.6
106.6
214.4
98.5
114.8
125.6
101.0
104.4

117.9
104.0

122.5
114.6

123.2
112.2

130.6
109.1

128.7
106.3

135.4
96.6

134.1
80.2

121.2
82.6

133.9
132.4

127.9
126.0

131.2
111.6

129.0
118.6

128.6
102.4

133.2
110.1

131. 5
109.1

137.6
115.0

83.5 81.9
75.5 | 74.2

82.2
75.3

78.7
77.2

79.5
79.7

77.2
83.0

82.7
79.6

81.5
75.3

81.2
74.4

77.2
72.4

74.3
63.9

72.2
63.9

72.1
65.8

71.5
66.9

69.6
65.9

68.3
70.0

_. ..

_.

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

i

Unfilled orders:
General index. ...
United States Steel Corporation
Stocks:
* General index
* Manufactured commodities (28)
Cotton
Copper (refined)
...

1

126.1
,__ 110.6
80.7
57.4

138.7
112.8
70.0
58.9

130.1
115.5
117.7
62.0

134.0
112.8
177.8
60.3

151.8
110.3
213.2
65.2

142.0
109.3
219.3
75.5

139.6
118.4
210.7
83.0

142.4
115.6
196.2
93.1

136.0
115.1
172.1
91.1

129.0
115.5
148.2
87.7

134.6
118.0
124.0
95.5

132.6
116.7
100.3
85.1

141.3
121.3
85.8
92.2

152.7
127.9
87.6
82.7

145. 8
127.9
135.2
76.4

139.8
124.9
179.8
74.1

95.7

96.7

98.3

98.6

97.4

96.9

95.3

97.0

97.4

96.6

95.6

95.0

93.1

93.2

93.8

93.4

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

98.6
98.6
104.9
101.1

96.4
98.1
104.2
100.5

97.1
98.8
106.2
101.7

94.2
98.5
106.9
101.7

94.2
97.5
108.2
102.3

92.0
97.0
108.2
102.3

91.3
95.7
106.2
101.7

92.0
95.0
104.2
100.5

91.3
93.7
102.9
99.9

90.6
92.9
102.9
99.9

91.3
92.9
J03. 6
99.9

94.2
93.0
106.2
100.5

94.2
93.3
102.9
98.7

95.7
94.4
101.6
98.7

101.4
95.6
102.9
99.3

100.7
96.1
104.3
99.9

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

122.2
99.0
105.5
122.7
123.2
104.9
97.0

120.4
105.0
106.3
121.8
116.7
104.2
101.3

116.5
117.1
114.2
119.9
123.2
106.2
118.0

116.0 109.5
113.4 ,103. 8
110.2 109.4
108.7 115.2
128.6 128.6
116.7 115.7
117.3 126. 5

119.3
94.1
115.8
130.2
136. 8
111.3
122. 6

123.6
90.5
103.1
103.0
131.9
110. 5
110.5

132.3
88.1
109.4
110.5
138.9
96.2
98.2

136. 6
100.2
101.5
105.9
120.5
117.1
107.7

134.3
94.1
111.0
117.1
141.6
116.3
109.4

127.7
95.3
100.7
111.5
128.1
107.3
103.5

129.7
97.8
103.1
126. 5
132.4
109.9
94.0

127.8
92.9
103.1
126.5
131.9
98.9
90.1

137.6
106.2
114.2
140.5
135.1
114.2
98.7

141.0
109.8
113.4
125.5
135.7
105.8
111.9

130.7
109.8
105.5
114.3
139.5
110.2
129.1

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

109.2
111.8

107.5
117.2

107.9
118.8

108.9
129.4

106. 4
116.2

104.8
107. 5

107.6
105.1

108.5
98.8

109.0
112. 1

108.6
99.4

108.8
107.5

102.6
103. 1

102.7
102.9

103.3
112.5

103.3
115.1

101.3

111.6
91.7
98.8
108.3
134.1
130.2
72.4

113.2
100. 1
96.4
108.2
137.5
137.6
68.6

114. 9
102.9
94.0
108. 3
142.2
137.6
73.1

114.3
104.5
95.3
108.0
135.7
131.5
81.0

114.8
103.1
93.5
109.4
139. 3
137.4
79.7

116. 3
101.7
90.8
110.2
143.3
143.3
111.3

113.4
95.9
103.1
111.0
145.2
140.1
125.1

114.1 114.6
90.1 92.4
101.7 102.1
110.6 111.2
151.1 152.4
144.7 150.8
114.5 141.2

114.6
94.3
103.0
111.9
158.3
159.8
129.7

116.7
95.9
99.5
112.1
162.4
167.6
92.2

117.5
95.9
100.5
111.2
165.3
168.8
84.1

115. 7
99.9
103.2
111.4
167.3
177.3
105.3

117.3
96.6
101.4
112.9
167.9
183. 7
95.6

119.3
100.1
98.8
113.4
171.5
193.9
80.0

120.0
99.4
96.4
114.4
168.5
186.4
88.4

Employment:
Factories..

Finance:
Member bank loans and discounts
Interest rate (commercial paper)
Federal reserve ratio
Price, corporation bonds
Price, railroad stocks
Price, industrial stocks
_.
Failures (liabilities)




__

t Adjusted for number of working days.

' Seasonal adjustments.

WEEKLY BUSINESS INDICATORS
[Week ending Saturday. See table on page 5]
WEEKLY AVERAGE, 1923-1925 INCLUSIVE'100
BITUMINOUS COAL, PRODUCTION

DEBITS TO INDIVIDUAL ACCOUNTS

BUILDING CONTRACTS
JAN. FEB.IMAR APR. |MAYJ JUN ; JULY (AUG, SEP OCT

JAN. FEB.|MAR] APR. MAY "UN.! JULY [AUG SEP. OCT. [NOVJDECJ
1601 I I I

I

II.

M i l I I I I -TTT- I i i l I I I TTT TTT I I I I

BEEHIVE COKE, PRODUCTION

150

^*^

PETROLEUM PRODUCTION (DAILY AVERAGE)




FISHER'S WHOLESALE PRICE INDEX

WHEAT PRICE N02RED WINTER

TIME MONEY RATES

COTTON RECEIPTS

—i

IRON AND STEEL COMPOSITE PRICES

[JAN.JFEB. MAR^ APR. [MAY JUN,

I I I TTT

WEEKLY BUSINESS INDICATORS

Receipts ol

Receipts ol

Price of No. 2 wheat

101.9
113 8
195.4
249 2

122.2
119 9
132.0
139 2

59.9
59 8
63.2
59 5

93.7
94 4
96.5
96 5

68.8
68 0
62 9
55 9

90.8
90 7
91.3
91 5

95.0
95 6
95.4
95 1

113.5
113.6
114.5
114. 1

96
95
92
94

0 102.3 115.1 111.4
g 92 2 121 2 111 4
4 115. 6 121 2 111.4
3 119 1 127 3 114 3

103.2
106.4
105.5
103.2
105.5

75.1
84.9
82.0
81.6
80.0

105.3
105.8
107.2
109.7
111.9

123.7
123 6
126.2
126.1
126 9

150.7
122.6
161.6
138.6
146.4

116.0
109 6
91.8
109.3
118 0

321.5
360 4
359 2
353.5
328 1

129.1
144 9
140 8
141.8
149 4

58.6 97.9
63 5 96 5
66.3 97.9
74.0 100.0
78 9 100 7

52.6
48 2
50 0
46.3
46 7

91.4
91 4
92.1
92.1
92 2

95.4
94 9
95.3
95.5
96 5

115.2
115.3
115.3
115.0
114 5

93
95
94
95
95

7
1
3
6
0

108.5
130 3
107.7
131.9
115 8

133.3
115 1
124 2
103.0
109 1

_. 134.5 102.3

i

Time-mon

S3

!1
Call-mone

8
I

fl^

Debits to iiidividual
accounts

r

,2

J
Federal res

Sili
8

1
vfl

Wholesale

Carloading

Bituminoi
pr

O

IS
1

1

•e

OQ

I

Business f

Receipts olr cotton

162.1
153 2
147.6
122 4

1

i
A

s and
iscounts

Receipts ol

125.7
167 7
140.5
156 2

»

1

>n and
mposite)

Building c ontracts

120.1
107 5
123.8
123 4

Petroleum
pr oduction
105.4
104.8
104.3
104.2

83

Beehive co ke
pr oduction
75.1
74.3
80.0
80.4

C

SATURDAY 2—

Lumber pr oduction

[AH data are given as relative to the weekly average for 1933 to 1925 as 100]

1926
Sept. 4
11
18
25

Oct.

2
9
16
23
30

Nov. 6
13
20.
27

113.0 104.5
105.2 95.0
117.5 104.5
120.2 106.4
123.2
126.9
127.1
-. 130.4
138.4

92.6
73.5
80.3
82.6

137.2
140 1
138 8
139 0

106.2
106 2
106.1
106 0

114.3
114 3
117.1
114.3
111 4

140. 5
136 3
134 4
132.9
134 6

105.8 81.8
105 8 96.1
106.0 92.1
105.8 105.9
106 3 105.7

141.7
146.5
137.6

99 1
99.1
88.2

78.4
82.4
83.7
80.8

113.2 118.6 127.7 104.1 320.0 123.7
112,5 116 1 121.3 96 6 307 7 137 0
113.8 112.5 119.1 77.2 305.4 131.3
114.8
98.3 163.0 73.8 278.1 96.8

79.5
85 1
79.4
75.0

99.3
97 9
95.8
97.2

46.7
48 2
47.8
48.2

92.5
92 8
92.9
93.0

98.8
98 4
96 0
96.2

115. C
114.5
114.3
114.6

93 9
95 5
95 1
94.6

111.8
115 5
118.2
112.2

109.1
106 1
112.1
115.1

108.6
105 7
105.7
105.7

136.2
138 1
138.2
140.4

106.6 94.3
106 7 103.9
106.9 112.3
107.1 97.5

150.6
144.6
138.3
107.6

98.2
96 4
90.0
75.9

78.0
75.1
71.8
59.6

114.7 110.4 83.9
115 0 104 2 117 4
115.1 99.1 176.0
115.3 80.6 90.9

68.5
71 4
61 8
50.2

281.5 110.8
260 8 101 9
237 7 103.5
203.5 71.5

96.8
99 7
90.0
78.7

97.2
98 6
97.9

44.5
45 2
46 3
47.8

92.9
92 4
92.3
92.1

96.2
95 9
94.7
94.3

115.0
114.8
115.1
115.5

93 2
93 0
89 9
88.9

108 8
114.5
118.7
126.7

118.2
118 2
118 2
136.4

105.7
105 7
105.7
105.7

140.9
142 4
144 4
145.2

107.1
107 2
107.3
107.4

113.8
114.5
103.9
120.6

53.2
75.9
85.9
86.8
82.7

70.2
69.4
73.9
75.9
77.6

114.6
114.7
114 8
114.7
113.8

77.2 138.5
98.1 107.4
99 1 97 3
98.3 89.6
99.2 118.4

53 0
59.0
60 0
58.4
65. 1

191 5
133.5
150 8
159.6
140.8

64.2 71.6
87.3 100.9
93 0 110.6
94.9 98.9
87.7 97.7

97.9
95.1
97.2
98.6

47 8
48.2
49 6
50.0
50.4

92.0
92.0
91.3
90.5
90.3

94 0
93.9
93 4
94.0
93.3

116.6 90 5
116. 7 91.6
114.4 97 3
114.2 99 2
1J3.6 102.7

1C6. 1
143.2
120.4
119.4
111.1

133.3
115.1
103 0
100.0
97.0

105.7
102.9
102.9
102.9
102.9

144 4
142.2
142 9
143.0
141.0

107.3
107.5
107.8
108.0
108.0

109.1
121.4
142.8
150.4
146.7

77.6
62.5
72 5
55.5

122.3
120.4
105 8
119.2

84.2
78.8
83.5
82.3

90.0
86.0
77.5
87.7

97.2
96.5
96.5
96.5

51.5 90.1
51.8 .89.5
52 2 89.2
62.6 88.7

92.7
92.9
91.4
91.0

113.8
113.2
113.0
113.2

101.3
102. 6
101.2
103.4

127.9 97.0
111.5 97.0
113.9 97.0
102.2 100.0

102.9
102.9
110.0
102.9

143.9
145.6
148.1
149.7

107.8
187.6
107.7
107.6

140.0
145.9
118.9
109.1

57.7 96.9
61 8 103 8
51.1 97.7
31.8 88.5

76.6
76 9
78.2
79.1

82.0
81 8
85.1
76.9

96.5
95 8
94.4
93.0

53,3
52 2
51.8
52.9

88.8
88.9
89.1
89.1

91.4
91 0
89.8
90.3

114.4
114.3
115.1
114.9

101.3
102 8
101.9
102.2

134.2 100.0 100.0 150.3
114.4 97.0 102.9 150 3
123.7 97.0 102.9 152.2
118.7 106.1 102.9 152.1

107.5
107 7
108.0
108.4

117.9
113.8
115.5
120.9

Dec.

4.
11
18
25

Jan.

1
8
15
22
29

109.9
136.0
139.3
. -. 138.3
138.9

F«b. 5
12
19
26

- 138.4

139.4 88.2
90.9
135.4 • 94.1
131.0 92.3

76.3
76.7
78.0
77.1

115.3 101.3 77.9
118.2 101.0 99.7
118.7 100.2 112.2
119.3 96.3 134.6

Mar. 5
12
19
26

136.1
141.4
133. 6
137.2

90.0
92 3
93 2
92.3

76.3
79.6
83.7
81.6

118.3
118 1
118.2
118.2

. .. 113.4

90.9
97.3
97.3
90.0
96.4

80.0
78.8
71.8
69.0
71.8

119.0 103.5 153.6
119.0 100.1 187.2
117.8 99.8 156.9
119.0 99.6 153.1
120 0 107.1 182 5

48.7
43.9
37 5
42.9
41 3

83.8
65.8
69 6
76.5
70.4

83.5
80.7
79.4
86.1
80 1

81.7
75.3
61.9
79.5
77.0

93.0
94.4
93.0
95.1
95 8

52.9
53.3
53.3
55.5
56 3

89.1
88.9
88.9
88.5
88.5

90.3
90.7
90 2
89.8
89.8

114.9
115.2
114.8
114.5
114.8

101.7
102.8
101 7
102.6
102 6

110.0
129.8
117.9
118.2
114.4

154.3
157.6
159.7
161.3
159.2

108.6
108.8
108.7
108.7
108 6

121.4
107.9
114.6
106.9
117.4

May 7
14
21
28

84.0 102 3
86.2 101.4
84/9 99.1
87.0 103.2

63.3
60.4
62.9
51.0

120 3
119.4
119.0
119.9

106 8
107.3
106.1
107.1

115 5
149.2
141.1
193.4

45 3
45.2
66.7
62.0

79 2
66.5
55.0
36.9

88 6
89.9
87.0
91.5

80 7 99 3
82.7 100.7
76.1 100.7
90.1 105.6

58 8
58.1
59.6
61.8

88.6
89.0
88.9
88.6

90 2
89.8
90.1
90.0

115.9
115.6
115.7
115.5

100 6
103.2
102.3
101.7

131.0 97.0 100.0 161 6
114.4 106.1 100.0 164.0
123.9 97.0 100.0 166.2
114.8 109.1 100.0 168.9

108.8
109.1
109.0
108.9

105.9
108.6
109.1
110.3

June 4
11
18
25

75.7 96.4
87.5 101.4
85.0 97.3
87.0 99.1

60.4
57.6
55.9
53.5

120.4 95.0 83.8
119.9 107.3 145.8
120.5 106.0 145.6
120.5 106.2 154.2

62.1
51.5
50.7
52.3

41 9
38.1
38 8
38.1

88.3
83.2
80.4
80.1

95.8
94.6
74.4
86.4

104.2
100.7
102.1
103.5

62 1
62.9
61.8
61.8

87.9
88.7
88.6
88.5

90.2
90.3
90.3
89.6

117.0 99.1
116.7 99.6
117.2 98 6
117.0 101.8

110.4 109.1 100.0 170.2 108.7 90.9
122.4 100.0 100.0 170.0 108.4 108.4
121.6 97.0 102.9 168.2 108.3 98.8
120.5 97.0 102.9 167.4 108. 2 104.4

July

81.9 90.9
67.5 73.6
84.6 105.5
84.7 106.4
88.2 104.5

42.0
46.5
43.3
43.7
43.3

121.7
121.7
122.1
123.6
124.1

106.5
87.5
106.1
105.6
109. 1

96.3
107.5
130.3
150.4
327.4

36.2
38.8
28.1
33.5
35 4

73.1
56.6
90.8
84.5
82.3

89.7 100.7
70.3
79.0 102.8
65.8 100.7
70.9 97.9

62 9
63.2
66.2
68.4
68.8

88.2
88.1
87.9
87.9
87.8

89.3
90 0
90.4
88.7
89.8

117.8
117. 5
116.0
116.0
115.9

100.1
99.1
100.6
101.7
102.8

114. 6 112.1 105.7 165. 5 108.1 104.2
131.5 100.0 105.7 169 9 108.3 76.9
120.2 97.0 105.7 173.0 108.4 109.8
119.2 90.9 102.9 174.5 108.4 101.7
105.5 90 9 100.0 177.0 108.5 107.1

43.3
44.1
44. 1
45.3

123 7
123.7
120.9
120 4

106 8 102.2 306 8
109.4 159.4 241.7
IV. 3 141.3 206. 6
115 7 119.2 169 7

36 2 83 5
47.7 91.5
61 2 97.5
75 0 105 1

70 0 96 5
66.6 99.3
67.8 100.0
62 2 98 6

70 2
71.3
75.4
80 9

87.6
87.5
87.5
01.
87 U5

89.8
89.2
90.0
91 <

116.7
117.0
117.0
116 5

100.4
101.2
101.3
101.3

118.4
108.4
115.8
103.2

83.5
86 8
78.3
76.8

87.6
87.6
87.6
87.2

91.5
92 9
93.1
93.1

117.6 101.0 102.8
117.4 98.6 103.0
118. 8 99.0 122.1
119.2 99.5 130.8

80.1
78.3
77.2
73.5
75.4

87.2
87.1
85.9
85.9
85.8

93.6
93.6
94.1
94.1
93.3

119.6
120.8
120.3
120.5
120.2

98.4
96.6
96.8
96.9
97.2

113.8 97.0 100.0 185. 6
140.8 100.0 100.0 187.6
107.8 97.0 97.1 185.7
141.0 93.9 100.0 180.4
123.2 84.8 102.9 177.8

77 9
74.6
72.8
73 2

85.8
85.6
85.4
85. 1

93.7 120.3
93.8 120.7
93.9 121.1
94 0

98.0
94.3
91.4
92.8

133.4
116.0
129.2
126. 3

1927

Apr. 2 .
9
16
23
30

2
9.
16
23
30

Aug. 6
13
20
27
Sept. 3.
10
17 .
24

Oct.

1
8
15
22
29

Nov. 5
12
19
20

84.7
82.1
81.4
86.4

87.2
93.3
93.8
100.0

105.5
102.3
106. 4
105 5

103.8 72.9
104 9 123 3
105.0 161.6
105.2 147.5

178.6
127.0
148.8
146.5
170.3

_ . 100.1 106.4 42.9 120.6 116.5 92.4 196.2 119.6 104.4

45.7 120 3 103 2 156. 6 202 3 135 4 90 5
41.6 119.8 117.3 129.0 250.6 174.6 101.9
43.3 121.7 117.4 136.3 246.4 213 8 102.5

60.6
51.5
52.2
53.8

95. 1

92. 1 96 4
99.0 105.5
101.3 106.4

103.2
105.5
108.3
105.5
102.8

41.2
44.1
36.3
42.9
34.7

114.2
129.7
129.1
138. 6
133.5

51.6
53.0
57.3
65.5
78.6

93.7
94.4
97.2
93.0

38.4 117 8 108 4 84 3 176 4 293 8 132 6
37.1 118.5 101.7 93.5 128.9 2o3. 8 127.2
33.9 118.4
128.4 133.8 236. 5 123.4
134 0

56 2
74.9
91.8

107.3
108.6
106.4
105.5
104.5

92 6 105.5
97.0 105. 5
102.0 104.5

121.8
121.3
119.7
119.2
118.4

117. 5
114.8
116.8
117.7
116.0

145.1
134.5
130.7
116. 1
252.9

252.6
266.8
220.2
186.5
176.6

261.2
256.9
248.5
288.8
293.8

92.3
90.8

96 5

109.1
109.1
109.1
97.0
103.0

102.9
97.1
100.0
102.9
100.0

87 9 100.0 179.5 108.9
90.9 97.1 175.1 109.2
84.8 102.9 177.5 109.3
84 8 91.4 180.3 109.4

95.3
96.6
97.3
90.7

109.4
109.4
109.4
109.5

84.5
83.5
99.8
82.8

84.8 91.4 181.1
93 9 91.4 184.7
87.9 102.9 186.5
97.0 100.0 186.2

109.9 94.6
110.1 106.6
110.2 80.6
110.2 100.7
110.2 113.3

87 9 100.0 177.9 110.2 114.0
84.8 94.3 182.1 110.4 105.7
84.8 97.1 184.7 110.7 108.6
84 8 97. 1 184.7 110.8 93.6

1
Sources of data are as follows: Bituminous coal and beehive coke production from V. S. Department oj Commerce, Bureau o) Mines; Lumber production, based on four
associations, from the National Lumber Manufacturers Association; Petroleum production (crude) from American Petroleum Institute; Loadings of freight cars from American
Railway Association; Building contracts from F, W. Dodge Corporation; Receipts of wheat from Bradstreet's; Receipts of cattle and hogs from U. S. Department of Agriculture,
Bureau of Agricultural Economics; Receipts of cotton from New Orleans Cotton Exchange; Wholesale prices (Fisher's index), based on 1923-24 as 100, from Professor Irving
Fisher; Price of cotton, middling, from New York Cotton Exchange; Price of iron and steel, composite, from Iron Trade Review; Price of wheat, No. 2. red, cash, from Chicago
Board of Trade through U. S. Department of Agriculture, Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts from
Federal Reserve Board; Call-money and Time-money rates, and Bond prices from Wall Street Journal; Stock prices from Annalist; Business failures from R. 0. Dun &
Company.
2
The actual week for all items does not always end on same day.




6

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

ACID PHOSPHATE

(BALTO.)

MURIATE OF POTASH ( N . Y . )

NITRATE OF SODA (NEW YORK)

COTTON YARN

COTTON PRINT CLOTH

FERTILIZER TANKAGE^CHICAGO)

120

100
80
60

COTTON. RAW>^

120

I

no

" •• J r ..

1100
; 90
UJ

_f+

80

i
l

70

:

120

*+ /

f
4S

*•

WOOL, 1/4 GREASE

(BOSTON)

f

\

WORSTED YARNS

100
80
BOOTS AND SHOES, (ST. LOUIS)

LUMBER, PINE, FLOORING

2 ffl 5

s m i




-r

2 m 5

.

tr

v.

>

UJ

z

>

-i

-

a

i_l

£

H

>

CEMENT, LEHIGH

\

o

^ i i ! l ^ I i ^ i S 8 i S
1926

BRICK, COMMON, NEW YORK

ir

1007

s < 5

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

(dollars)
1926 average =100

Unit

COMMODITIES

September,
1927

SepAugust, tember,
October,
1927
1927
1927

October, October,
1927
1926

September,
1926

October,
1926

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

Bushel
Bushel
Bushel
Pound. . ..

1.192
.953
1.074
.225
34.41
.0742
.0978
.1114

1.137
.876
.979
.210
36.60
.0755
.1016
.1122

! 1.214
.745
1.264
.117
20.06
.0643
.1206
.1131

91
140
79
113
95
112
78
96

88
136
58
149
127
115
83
96

84
125
53
139
135
117
86
97

87
109
70
111
101
100
102
98

90
107
68
77
74
100
102
98

Cwt

1.323
1.315
.990
.491
.829
.973
15. 594
.218
.45
13. 313
10. 850
5.188
13. 563

1.275
1.344
.878
.498
.823
.999
11. 331
.211
.47
14. 325
11. 055
5.250
13. 865

1.433
1.402
.777
.468
.713
1.011
8.419
.132
.45
9.888
12. 969
5.813
13. 281

92
91
143
111
116
102
186
116
96
132
75
85
99

85
85
131
114
120
102
184
125
98
140
88
79
99

82
87
116
116
119
105
134
120
102
150
90
80
101

91
88
105
99
97
102
87
97
96
107
100
88
101

93
91
102
109
103
106
99
75
98
104
105
88
97

Barrel
Barrel
Pound
Pound
Pound.
Pound
Pound
__ Pound
Pound
Pound

7.069
6,644
.048
.058
.107
.191
.213
.224
.46
.239

7.231
6.535
.047
.057
.109
.210
.225
.233
.48
.245

7.944
6.935
.046
.057
.088
.170
.179
.303
.47
.225

90
93
104
102
84
113
117
76
93
94

84
92
110
106
91
116
125
73
102
105

86
90
108
104
92
128
132
76
107
107

92
92
102
103
95
99
106
104
100
99

94
96
T05
104
75
104
105
99
104
99

.406
.089
.110
1.375
.975
1.913
2.048
5.096
10. 780
.224
.210
.510
.530
6.500
5.000

.402
.087
.111
1.400
1.000
1.913
2.048
5.145
10. 780
.233
.218
.510
.550
6.500
5.000

.329
.068
.090
1.400
1.000
1.890
2.048
6.076
12. 250
.161
.178
.450
.430
6.400
4.850

108
111
106
94
94
95
95
83
89
153
122
113
121
100
102

113
119
118
96
94
95
95
82
89
160
121
113
121
102
102

112
115
120
98
97
95
95
83
89
166
125
113
126
102
102

103
101
100
98
98
94
95
103
101
108
102
99
98
100
99

92
91
97
98
97
94
95
98
89
115
102
99
98
100
99

Net ton
Net ton
Long ton
Short ton. _.
Barrel

4.274
5.012
13. 217
3.000
1.198

4.199
4.932
13. 255
2.906
1.240

4.541
5.002
13. 802
4.000
2.050

99
102
96
75
61

99
105
97
73
64

97
103
96
71
66

98
99
100
85
109

105
104
100
97
109

Long ton
Long ton
Long ton
Pound
Pound
Pound
Pound
Pound

19. 260
17. 063
33.000
.1294
.183
.0630
.6074
.0621

19. 260
17. 000
33. 000
.1296
.183
.0625
.5756
.0600

20. 260
18.000
35.000
.1386
.192
.0840
.6823
.0730

94
93
94
94
96
79
100
86

93
92
94
94
96
75
95
85

93
92
94
94
96
74
91
82

94
94
100
102
102
104
105
101

98
97
100
100
101
100
107
100

M feet
Thousand

37. 490
11. 750

37. 980
11.750

43.540
15. 500

84
71

83
71

84
71

95
97

97
94

1.600
1.825
.230
.75
2.600
3.250

1.600
1.800
.249
.75
2.525
3.250

1.650
2.000
.333
.75
2.750
3.450

97
92
64
103

97
93
61
103
91
94

97
92
66
103
88
94

100
102
90
103
96
100

100
102
88
103
96
100

_.

Ton

_.

Pound
Pound
Pound

._
FARM PRODUCTS—MARKET PRICE

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, fair to good, malting (Chicago)
Rye, 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)
Sheep, ewes (Chicago) _ _
Sheep, lambs (Chicago)

Bushel
Bushel
Bushel
Bushel
Bushel
Bushel
Cwt.._
Pound
Pound

Cwt

Cwt
Cwt.._

FOOD
Flour, standard patents (Minneapolis) _.
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York)
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime yellow (New York)
.
Beef frash, carcass, good native steers (Chicago)
Beef, fresh, carcass, steers (New York)
Pork, smoked hams (Chicago)
-.
Butter, creamery, 95 score (New York)
Oleomargarine, standard, uncolored (Chicago) _

_.

CLOTHING
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) . _Pound
Yard
Cotton-print cloth, 64 x 60-38>6"-5.35—yards to pound
Cotton sheeting, brown 4/4 Trion (New York)
Yard
Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston)
Pound
Yard
Woman's dress goods, French, 39 inches at mills, serge. _
Suitings, unfinished worsted —13 ounce, mill
. . . .
Yard
Suitings, serge, 11 ounce 56-58 inch
Yard
Silk, Japan, 13-15
Pound
Hosiery, women's, pure silk, mill
__ Dozen pair..
Hides, green salted, packers' heavy native steers (Chicago)
Pound
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
Pound
Leather, chrome calf, dull or bright "B" grades (Boston)
Square foot..
Leather, sole, oak, scoured backs, heavy (Boston)
Pound
Pair....
Boots, and shoes, men's black calf, blucher (Massachusetts)
Pair
Boots and shoes men's dress welt tan calf (St Louis)
FUEL
Coal, bituminous, mine-run (composite price)
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
_
METALS
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Brass, sheets, mill
Lead, pig, desilverized, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slab, western (St. Louis) _
. ..

.

BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, 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
. _




Barrel
Cwt.
Pound
Cwt
Cwt.._
Cwt

I
I

91

94

8
NEW BUILDING CONTRACTS AND AUTOMOBILE PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]

10

FACTORY EMPLOYMENT, MANUFACTURING, AND ELECTRIC POWER PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]
140




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

9

COURSE OF BUSINESS IN OCTOBER
GENERAL CONDITIONS
Business in October, as seen from data on check
payments adjusted for seasonal conditions, although
smaller than in the preceding month, was better than
in October, 1926. Ketail trade, as indicated by sales
data covering 10-cent chains and mail-order houses,
was larger than in either prior comparative period.
Department-store business, although smaller than in
October, 1926, was seasonally larger than in September.
Grocery chains showed larger business volume than in
either the preceding month or the same month of last
year. Distribution of goods, through primary channels, as indicated by figures on carloadings, was lower
than a year ago. Prices paid to producers of farm
products averaged lower than in the preceding month
but were higher than in the corresponding month of
1926. Wholesale prices continued to average higher
but were still below the level of a year ago. Retail
prices of food were higher than in September but lower
than in October of the previous year. The general
index of the cost of living averaged higher than in
September but was lower than a year ago. As compared with the previous month, shelter and clothing
costs were lower, while food, fuel, and sundry costs were
higher.
Production of pig iron increased over the preceding
month but was lower than in October of last year,
with steel-ingot output making similar comparisons
with both prior periods. Unfilled steel orders, while
showing an increase over the preceding month, were
substantially lower than a year earlier. The production of bituminous coal was larger than in the previous
month but smaller than a year ago. The production
of copper by mines, although larger than in September,
was substantially lower than in October, 1926.
Stocks of blister copper in North and South America
were smaller than in either prior period. Prices for
copper strengthened during the month. Cotton consumption, although smaller than in September, was
considerably greater than in October of last year. The
consumption of wool was larger than in September
but showed little change from October of last year.
Deliveries of silk to consuming establishments declined
from the previous month but were larger than a year
ago. The production of automobiles, both passenger
cars and trucks, was smaller than in either the previous
month or October, 1926. The output of lumber
73513—27
2




i
|
I
|
i
I
i
|

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|

|

showed a decline from both prior periods. The production of sole leather was smaller than in September
but greater than a year ago, while leather prices
exceeded those of either prior period. The output of
newsprint paper was smaller than in either the previous
month or October of last year. The production of face
brick was larger than in either prior period. Cement
production, although smaller than in September, was
substantially greater than a year ago. Building contracts awarded in October showed larger floor space
than in either the previous month or the same month
of last year.
The visible supply of wheat in the United States was
larger than at the end of either the previous month or
the corresponding month of last year, while the visible
supply of corn, oats, and barley were smaller than at
either prior period. Receipts of cattle and hogs were
smaller than a year ago. Imports of sugar exceeded
those for either previous month or October, 1926,
while coffee imports were larger than in the previous
month but smaller than a year ago.
Interest rates on commercial paper averaged lower
than in either the previous month or October, 1926.
The prices of stocks listed on the New York Stock
Exchange averaged lower than in September, but
were still substantially higher than a year ago. Prices
of corporation bonds continued to average higher as
compared with both prior periods. Loans and discounts of Federal reserve member banks continued to
expand while the Federal reserve ratio receded.
Brokers' loans made by Federal reserve member banks
in New York City exceeded those for either the previous month or the corresponding month of last year.
Interest rates on call loans were higher than in September but lower than a year ago.
More life insurance was written in October than in
either the preceding month or October, 1926, while
October premium collections made similar comparisons
with both prior periods. Imports of merchandise were
larger than in September but smaller than a year ago,
while merchandise exports showed increases over both
prior periods. More business firms failed during
October than during either the previous month or the
corresponding month of 1926, while defaulted liabilities
of failing firms made similar comparisons with both
prior periods.

10
SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

COMMODITY STOCKS

The output of raw materials in October was greater
than in either the preceding month or in October of last
year. All groups of raw materials showed increases
over both prior periods, except minerals, which
declined from a year ago, and forest products,
which declined from both periods. In the case of
minerals, substantial increases were registered over
the previous month in all but iron ore and gold, while
as compared with last year, all products of the mine
were produced in smaller quantities except petroleum.
In the case of animal products, marketings were larger
than in September in all products except wool and eggs,
while as compared with last year, increased marketings
of wool, sheep, fish, and milk, were more than sufficient

Stocks of commodities held at the end of October,
after adjustments for normal seasonal variations,
were smaller than at the end of the previous month
but higher than a year ago, all groups showing smaller
holdings than in the previous month except raw
materials for manufacture, which were held in larger
quantities. As compared with last year, all groups
showed larger holdings except raw foodstuffs, which
were smaller. The unadjusted index showed an
increase in October over both the previous month
and the same month of last year.
SALES
The index of unfilled orders for iron and steel
advanced over the previous month but was still

RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
U920
monthly average=100
1

Adjustment has been made for both stocks and production for their respective seasonal movements. Unfilled orders are principally those
of iron, steel, and building materials. October, 1927, is latest month plotted]

to offset declines in cattle and calves, hogs, and poultry.
Substantial increases were registered in the marketings
of crops in November, in all but grains, while as compared with last year, increased marketings of grains,
vegetables, and sundry miscellaneous crops were
more than sufficient to offset declines in fruits and
cotton.
Manufacturing output, after adjustments for working-time differences, showed a decline from both the
preceding month and October of last year. As compared with the preceding month, with no adjustments
for working-time differences, all industrial groups
showed smaller output except foodstuffs, iron and steel,
and chemicals, which increased. As compared with a
year ago, manufacturing output was smaller in all
groups except foodstuffs, textiles, leather, chemicals,
stone and clay products, and tobacco, each of which
increased.




substantially below the level of last year. Wholesale
trade, showing no change from the preceding month,
was smaller in value than in the corresponding month
of 1926. As compared with the preceding month,
wholesale business done by hardware, grocery, drug,
and meat houses was larger but declines were registered
in shoes and dry goods. As compared with last year,
wholesale trade in hardware, shoes, groceries, and dry
goods showed smaller dollar business, while trade in
drugs and meats was higher.
Department-store trade and stocks were larger
than in the preceding month but smaller than in
October, 1926. Mail-order business in October was
greater than in either the previous month or the corresponding month of 1926. Business by chain-store
systems also showed increases over both comparative
periods, except cigar, shoe, and music chains, which
showed declines from a year ago.

11
PRICES

The general index of wholesale prices increased
slightly over September, but was 2 per cent lower
than in October of last year. As compared with
the preceding month, declines in the prices for
farm products, textiles, metals and sundry miscellaneous items were balanced by increased prices for food
and chemicals. Contrasted with a year ago, increased
prices for farm products and hides and leather and
their products were insufficient to offset declines in
food, fuels, metals, building materials, and chemicals.
As reclassified, the general index of wholesale
prices showed a decline of almost 1 per cent in prices
for producers' goods from the preceding month and

for meat animals and dairy and poultry were insufficient to offset declines in grains, fruits and vegetables
and cotton. Contrasted with last year, all major
groups showed higher prices except meat animals,
which were lower.
EMPLOYMENT

Factory employment in October showed a decline
in the number of employees, both from September
and from last year. Employment in textile, paper
and printing and tobacco factories was larger than
in September while iron and steel, lumber, leather,
chemicals, stone, clay and glass, nonferrous metal,
and vehicle factories showed smaller employment.

WHOLESALE PRICE COMPARISONS, BY GROUPS
[1926 monthly average = 100. October, 1927, is latest month plotted]
!20

• •.;<- METAL PRODUCTS

80

more than 6 per cent from a year ago. In the case
of consumers' goods, the prices were 2 per cent higher
than in the previous month and almost 1 per cent
above the level of a year ago. While prices for raw
materials showed a decline of almost 1 per cent from
the previous month, the level was almost 3 per
cent higher than a year ago. Commercial price
indexes showed wholesale prices higher than in either
the preceding month or the corresponding month of
1926.
The index of prices received by farmers for their
produce declined from the previous month but was
substantially higher than in the same month of last

year.
As compared with September increased prices


All industrial groups showed smaller employment
than in October of last year except textile and tobacco
products which were higher.
Factory pay-roll payments were higher than in
September but substantially below the level of October, 1926. As compared with the preceding month,
October pay-roll payments in iron and steel, leather
and chemical factories were smaller while payments in
all other industrial groups were larger. Contrasted
with a year ago, all groups showed smaller pay-roll
payments except textiles, which were larger. The
greatest declines from a year ago occurred in iron
and steel, nonferrous metals, vehicles, leather, lumber
and chemicals.

12
REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

October wool receipts at Boston were almost as
great as during the previous month and considerably
larger than a year ago. Imports exceeded those of
both prior periods. The consumption of wool by
textile mills was slightly larger than during September and practically the same as for the corresponding
month of 1926. The October activity of wool machinery also exceeded that of the previous month, but
was slightly less than a year ago.
The consumption of raw cotton by textile mills was
less than during the previous month but greater than

generally less than at the end of September, while
stocks were generally larger.
Imports of cotton cloth were less than for either
prior period and exports, although greater than a year
ago, were considerably less than in September. The
cotton-printing industry showed considerably greater
activity than during the previous month. Imports
of burlap and unmanufactured fiber declined from
both prior periods.
Silk was imported in greater quantities than during
either the previous month or the corresponding month
of last year. The consumption of silk by mills, on

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

1920

a year ago. Exports of unmanufactured cotton increased seasonally but were less than for October,
1926. Stocks also increased seasonally and were
slightly larger than a year ago. The world visible
supply of cotton was larger than at the end of either
prior period.
The machinery activity of cotton spindles was
slightly less than in the previous month but greater
than a year ago. The output of cotton textiles declined from September, all classes except flannels and
denims and chambrays being produced in smaller
quantities than during the previous month. Declines
from a year ago occurred only in pajama checks and
ginghams. Unfilled orders for cotton textiles were




1921

1922

1923

1924

1925

1926

1927

the other hand, declined from the previous month and
was only slightly larger than a year ago. Stocks of
silk in public storage and at manufacturers' plants
were greater than at the end of either prior period.
The number of silk looms in operation was greater
than during the previous month, broad looms also
showing greater activity than a year ago. Imports
of rayon were larger than for either prior period.
Raw cotton prices, although lower than in September, were much higher than a year ago. Raw wool
prices were slightly higher than for either prior period
and raw silk, while a little higher than in September,
was considerably lower than a year ago. The price
of rayon also declined from last year's average.

13
IRON AND STEEL

Receipts of ore at Lake Erie and other ports declined seasonally from September and were considerably less than a year ago. Shipments from the
mines showed a similar tendency. Ore stocks on the
docks and at the furnaces, on the other hand, were
slightly greater than at the end of last October.
The consumption of ore was slightly less and the
production of pig iron slightly greater than during
the previous month. Both ore consumption and pigiron output were much less than a year ago, while the
number of furnaces in blast declined from both prior
periods. The output of steel ingots, while slightly

The October production of copper at the mines was
greater than during the previous month but less than
for the corresponding month of last year. The output of refined copper was greater than at the end of
either prior period and stocks, while somewhat smaller
than at the end of September, were larger than a year
ago. Copper exports also declined from the previous
month but exceeded those of October, 1926.
Imports of tin were considerably larger than during
either prior period. Consumption of tin showed
little change, being slightly less, than in September
and greater than a year ago. The world's tin supply
was slightly smaller than at the end of either prior

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

920

1921

1922

1923

1924

1925

1928

1927

1920

1921

1922

1923

1924

1925

j.ilj j-111111111! • i i. 11
1926
1927

1920

1921 1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

larger than in September, was considerably less than
a year ago. The production and shipments of steel
sheets showed a similar tendency, although unfilled
orders were less than for either prior period. The
output of steel barrels exceeded that of either the previous month or of October, 1926.
Unfilled orders of the United States Steel Corporation were larger than during the previous month but
less than a year ago. New orders for fabricated structural steel were greater and shipments less than for
either prior period. New orders for fabricated steel
plate were larger than during the previous month but
less than for October, 1926. Shipments of steel furniture, both in the business group and shelving, exceeded those of the previous month but were less
than
a year ago.



iiii iiliiln I nlii

1927

period, while the visible supply in the United States at
the end of October greatly exceeded that at the end
of either prior period.
The October output of zinc was larger than for the
previous month but less than for the corresponding
month of last year. Stocks of zinc greatly exceeded
those at the end of September or a year ago and shipments were made from the -Joplin district in larger
quantities than for either prior period. Lead production exceeded that of September but was less than for
the corresponding month of last year.
Prices of copper showed a slight advance over the
previous month but were lower than a year ago.
Tin, zinc, and lead prices were lower than for either
prior period.

14
FUELS

The output of both bituminous and anthracite coal
was greater than during the previous month but less
than a year ago. Coal prices were generally lower than
in either prior period. Beehive coke production was
less and by-product greater than in September. The
output of both kinds of coke, however, declined from
a year ago and prices were also lower than during
either prior period.
AUTOMOBILES AND RUBBER

The October output of passenger automobiles, both
in the United States and Canada, was much less than

classes of hides were imported in smaller quantities
than during September, while the large increase in
imports of cattle hides over last year more than offset
declines in other kinds of hides and skins. Hide
prices were higher than during either prior period.
The production of sole leather was slightly less than
in September but greater than a year ago. Exports
of sole and upper leather also exceeded those of the
previous month, sole leather exports being less and
upper leather greater than a year ago. Leather prices
exceeded those of either prior period. The October
output of boots and shoes was less than that for
September but greater than for October, 1926.

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

1920

1921

1922

1923

1924

1925

1923

1924

1925

1926

1927

during either the previous month or the corresponding
month of last year. Truck production in the United
States was larger than during September but less than
a year ago, while Canadian truck production was less
than for either prior period.
A smaller quantity of crude rubber was imported
during October than during the previous month.
Rubber imports, however, exceeded those of year ago.
The consumption of rubber during the third quarter
of the year was considerably less than during the
second quarter, a decline in the consumption for tires
more than offsetting an increase in the consumption
for other purposes. The price for crude rubber advanced from the previous month but was considerably
less than a year ago.
HIDES AND LEATHER

October imports of hides were less than during the

http://fraser.stlouisfed.org/
previous month but greater than a year ago. All
Federal Reserve Bank of St. Louis

1920

1921

1920

1921

1922

1923

1924

1925

1926

1927

PAPER AND PRINTING

Imports of wood pulp exceeded those of the previous
month but were less than a year ago, imports of
chemical wood pulp being greater and those of mechanical less than for either prior period. The production of newsprint paper in the United States was
less and that of Canada greater than for either the
previous month or the corresponding month of last
year. Shipments, both in the United States and
Canada, exceeded those of the previous month,
Canadian shipments also being greater than a year
ago. New orders and shipments of sales books were
greater than for either prior period. The production
of paper-board shipping boxes, both corrugated and
solid fiber, exceeded that for the previous month but
was less than in October, 1926.

15
BUILDING

The volume of new building contracts, both in
square footage and in value, was greater than for
either the previous month or the corresponding month
of last year. All classes, except educational and other
public and semipublic buildings, increased in square
footage from the previous month, while all classes
except industrial buildings showed a larger area contracted for than in October, 1926. In the value of
contracts awarded, public and semipublic buildings
were less than for either prior period, while public
works and utilities showed a smaller value than in
September. October fire losses were slightly greater
than during the previous month but considerably less
than a year ago.

period, the only exceptions being stocks of southern
pine and of walnut logs, which were larger than at
the end of October, 1926.
STONE AND CLAY PRODUCTS

Production, shipments, and stocks of face brick exceeded those of the previous month, production and
stocks also being larger than a year ago. Unfilled
face-brick orders, however, were less than at the end
of either prior period. New orders for vitreous china
plumbing fixtures were larger than for either September or the corresponding month of last year, while
unfilled orders were less than for either prior period.
New orders for architectural terra cotta declined both
in quantity and in value from the previous month
and from October, 1926. Production and shipments

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

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1920

1927

1920

192!

1922

1923

1924

1925

1926

1927

LUMBER AND LUMBER PRODUCTS

October production and shipments of lumber were
generally smaller than during either the previous
month or the corresponding month of last year.
The output and shipments of California redwood and
North Carolina pine, however, increased from both
periods, while the production of walnut was larger
than a year ago, and shipments larger than for the
previous month. Shipments of western pine also
exceeded those of September, while shipments of other
varieties declined. Few increases were recorded in
new lumber orders as compared with either prior period, only northern pine being ordered in larger quantities than in September, while only southern pine
an increase from a year ago. Lumber stocks
showed
http://fraser.stlouisfed.org/
were generally less than at the end of either prior
Federal Reserve Bank of St. Louis

of Portland cement were less than in September but
greater than a year ago, cement stocks being smaller
than for either prior period. New contracts for concrete pavements also declined from the previous month
but exceeded those for a year ago.
CHEMICALS

Imports of nitrate of soda and potash were less than
during the preceding month, imports of nitrate of
soda being greater and of potash less than a year ago.
Exports of fertilizer were less than in September but
greater than in the corresponding month of last year.
Receipts of turpentine and rosin declined from the
previous month but were greater than a year ago,
stocks of turpentine being greater than in either prior
period and stocks of rosin being greater than at the
end of October, 1926.

16
FOODSTUFFS AND TOBACCO

The visible supply of wheat in the United States
was larger than at the end of either the previous
month or the corresponding month of last year.
Wheat receipts, shipments, and exports declined
slightly from the previous month, but were much
larger than a year ago. Flour was exported in larger
quantities during October than during either prior
period.
The visible supply of corn, oats, and barley was less
than at the end of either the previous month or of
October, 1926. Receipts of corn and oats also declined from both prior periods. Prices of corn and

slaughter of sheep and lambs exceeded those of either
prior period. Cold-storage holdings of beef and of
mutton were greater than at the end of the previous
month, and holdings of mutton also exceeded those of a
year ago. Cold-storage holdings of pork, however,
were less than at the end of September but greater
than a year ago. Livestock prices were uniformly
higher than in September.
Receipts and cold-storage holdings of poultry were
greater than for the previous month but less than a
year ago. Receipts and cold-storage holdings of eggs,
on the other hand, were less than for the previous
month, cold-storage holdings also being less than at
the end of October, 1926. Receipts of butter and

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

1920

192!

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

barley averaged less than in September but more than
a year ago, prices for oats being higher than for either
period. The price of rye, while greater than in September, was slightly less than a year ago.
Receipts and shipments of rice increased seasonally
and also exceeded that of a year ago. Exports were
greater and imports less than for either prior period.
Shipments and cold-storage holdings of apples increased seasonally but were less than for the corresponding period of last year. Shipments of potatoes,
onions, and citrus fruits, on the other hand, were
greater than for either prior period.
Receipts, shipments and local slaughter of cattle
and hogs were greater than during the previous month
but less than a year ago. The receipts, shipments and



1920

1921

1922

1923

!924

1925

1927

1927

cheese were less than in September, receipts of cheese
also being less than a year ago.
Imports of sugar exceeded those for either the
previous month or for October, 1926. Sugar meltings,
however, were less than for either prior period and
stocks at refineries, although greater than a year ago,
were slightly less than at the end of September. Sugar
was exported in smaller quantities than for either
prior period.
October imports of coffee exceeded those of the
previous month but were less than a year ago. The
world's visible supply of coffee was greater than at
the end of either prior period and that of the United
States, while larger than at the end of September, was
less than a year ago.

17
TRANSPORTATION

Transportation over inland waterways, except on
the Monongahela and on the Ohio River west of
Pittsburgh, exceeded that of the previous month and,
except for traffic through the Sault Ste. Marie Canals,
was larger than during October, 1926. The tonnage
of vessels cleared for foreign trade, on the other hand,
was less than for either prior period. Surplus freight
cars were held in greater quantities at the end of
October than at the end of either the previous month
or the corresponding month of last year. Carloadings
declined considerably from the corresponding months
of 1926, all classes of commodities except grain and
grain products participating in the decrease.

greater than for either prior period. Brokers' loans
made by Federal reserve member banks in New York
City also exceeded those for either the previous
month or the corresponding month of last year.
Interest rates on call loans were higher than in September but less than a year ago, while rates on commercial
paper declined from both prior periods.
More business firms failed during October than
during either the previous month or the corresponding
month of 1926, the liabilities of such firms also being
greater than for either prior period. Prices of stocks
declined slightly from the September level but were considerably higher than a year ago. Bond prices, on the
other hand, were above those of either prior period.

DISTRIBUTION
[Relative numbers, monthly average 1923-1925, taken as 100. October, 1927, is latest month plotted. All items adjusted for seasonal variations except wholesale tradef

GENERAL BUSINESS
i L u l jjlii Lulu ljJj.duUiluLLLlj.ih d

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1923

1922

1924

J fN/N
[I
W.

140

..

.^.Z_

.-V-'DRUGS

^ '•/•'(CHAIN
'••
STORE)

100

, JciGARS < CHAIN ST,OR:E

V
DCERIES (.CHAIN STORES)

RETAIL TRADE
ul

LLI.LLL.

1926

1920

DISTRIBUTION

LlJljJlJ.ll.l

1927

MOVEMENT

Sales by the leading mail-order houses and 10-cent
chain stores were greater than for either the previous
month or the corresponding month of last year.
Newspaper advertising, while considerably greater
than during September, was less than a year ago.
Postal receipts at 100 of the largest cities were larger
than during September but slightly less than in
October of last year. Delinquent accounts in the
electrical trade exceeded both in number and amount
those recorded in either prior period.
BANKING AND FINANCE

Check payments, both in and outside New York
City, were larger than during the previous month
or the corresponding month of last year. Loans and

discounts of the Federal reserve member banks were
http://fraser.stlouisfed.org/
73513—27
Federal Reserve Bank
of St. Louis

3

1920

J922

1923

u lull. Ii

1924

:|II|II|M|M|II|II|L

1925

1926

1927

GOLD AND SILVER AND FOREIGN EXCHANGE

Domestic receipts of gold at the mint were smaller
than during the previous month or the corresponding
month of last year. Imports of gold were also much
less than during either prior period and exports,
while less than in September, were much greater
than a year ago. The production of silver in the
United States was larger than in September but
less than a year ago. Silver imports showed a similar
tendency, while exports declined from both prior
periods. Exchanges on the principal foreign countries
showed little change from the previous month, there
being slight advances in the rates on England, Italy,
Holland, India, Argentina, and Chile and a decline in
the rate on Japan. Compared with a year ago, rates of
exchange generally increased, though Brazilian and
Japanese exchanges declined.

18
INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., in various groups of industry and commerce. They consist in general of weighted combinations of series
of individual relative numbers; often the individual relative numbers making up the series are also given. The
function of index and relative numbers is explained on the inside front cover. Many of the index numbers
have been reworked to a comparable basis on the average of the years 1923 to 1925, while maxima and minima
are given only since 1923, except on this page, thus eliminating the abnormal period prior to 1923.
1926

PER CENT INCREASE (+) OR
DECREASE (— )

1927

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

- --

180

73

133

148

179

133

-- -- -- -- --

165
256
155
122
273
152
193
149
131
145

63
105
41
0
0
17
78
38
57
80

156
211
119
112
272
143
174
137
99
112

156
207
126
115
245
142
167
137
113
103

165
219
141
118
238
149
189
141
110
108

138
314
143
177
153
245
390
192
190

80
19
58
64
54
30
21
45
94

111
133
97
75
100
91
117
185
148

111
48
117
75
145
79
124
141
143

346
242
254
405
346
170

49
43
58
50
12
18

114
169
102
240
48
43

136
137
164
356
149

61
59
51
20
24

138
143
135
133
152
166
115
127
211
190
195
147
164

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

October

October, 1927,
from
September,
1927

October,
1927,
from
October,
1926

161

179

+ 11.3

+ 0.0

154
247
107
106
223
133
177
133
93
109

147
238
108
91
184
131
168
126
105
99

151
245
113
101
171
136
179
133
40
104

+ 3.7
+ 2.9
+ 0.5
+ 11. 0
-7. 1
+ 3.8
+ 6. 5
+ 5. 6
-61. 9
+ 5. 1

-8.5
+ 11. 9
-19.9
- 14. 4
-28. 2
-8.7
-5.3
-5. 7
-63. 6
3 7

117
39
130
87
136
59
157
137
145

113
168
101
81
98
.85
115
192
148

109
66
97
69
126
76
123
153
149

118
51
128
81
158
59
147
158
154

+ 8.3
-22. 7
+ 32. 0
+ 17. 4
+ 25. 4
-22. 4
+ 19. 5
+ 3. 3
+ 3.3

+ 0.9
+ 30. 8
-1. 5
-6.9
+ 16. 2
0. 0
-6.4
+ 15. 3
+ 6. 2

173
133
180
327
213
95

333
135
250
399
346
137

137
202
117
175
80
62

305
213
187
289
205
139

336
193
270
369
284
153

+ 15^1
-9. 4
+ 44. 4
+ 27. 7
+ 38. 5
+ 10. 1

+ 1.7
+ 43. 0
+ 8. 0
-7. 5
-17.9
+ 17.7

117
117
62
258
96

130
120
81
222
95

130
119
89
209
107

136
125
68
300
120

134
120
91
286
115

119
115
109
248
106

-4.0
-4.2
+ 19.8
-13. 3
-7.8

-0.8
-3.4
+ 22.5
+ 18.7
-0. 9

135
135
122
97
135
147
90
122
177
173
175
132
157

135
135
114
110
132
151
94
119
187
165
180
133
147

133
133
111
112
138
148
96
125
207
162
178
137
129

138
133
133
119
117
148
107
111
190
190
171
144
127

135
135
117
119
110
143
103
100
199
181
165
143
106

133
133
121
118
111
138
99
100
211
180
155
142
92

-3.4
-3.4
+ 3.4
-0.8
+ 0.9
-3.5
-3.9
0.0
+ 6. 0
-0. 6
-6. 1
-0. 7
-13.2

-8.3
-8.3
+ 9. 0
+ 5.5
-19. 6
-7.0
+ 3. 1
-20. 0
+ 1.9
+ 11. 1
-12. 9
+ 3.6
-28. 7

August September

October

August September

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

Grand total

-- MINERALS

Total
Petroleum
Bituminous coal
Anthracite coal
Iron ore*
Copper
Lead
_ _
Zinc
__
_
Gold
Silver

- - __
_ _ _ _ _ _
_

- _

ANIMAL PRODUCTS (marketings)

Total
Wool*
Cattle and calves
Hogs
Sheen
Eg£S*

_ __
_ _ _
_ _ _ _

Poultrv
_ _ _ _ _ _ _ _ _
_ _
Fish
_ ___ _ _ _ _ _ _ _
Milk (New York)
_ __
CROPS (marketings)
Total
- _Grains*
V^o-g^ables*
Fruits*
Cotton products*
Miscellaneous crops*

_

FOREST PRODUCTS

Total
_-_ _-__ _ .
Lumber
Pulp wood
_
Gum (rosin and turpentine)*
Distilled wood

_ -

- _

_ _

MANUFACTURING

Grand total (adjusted for working days). _
Grand total (unadjusted)
Foodstuffs
Textiles
Iron and steel
Lumber
Leather
Paper and printing
Chemicals, oils, etc
Stone and clay products
Metals, excepting iron and steel
Tobacco
Miscellaneous

* Fluctuations between maximum and minimum due largely to seasonal conditions.



19
INDEXES OF BUSINESS—Continued
1926

Maximum
since
Jan. 1,
1923

Minimum
since
Jan. 1,
1923

Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
Other manufactured commodities

153
222
159
118
132

84
72
71
84
73

(Unadjusted index)
Total „
Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
Other manufactured commodities

147
197
193
132
129

PER CENT INCREASE (+) OR
DECREASE (— )

1927

October

October,
1927,
from
September,
1927

October,
1927,
from
October,
1926

146
178
141
118
131

140
154
159
109
132

-4.1
-13.5
+ 12.8
-7.6
+ 0.8

+ 4.5
-8.9
+ 17.8
+ 4.8
+ 13.8

118
123
93
132
120

125
125
130
125
123

138
130
193
111
129

+ 10.4
+ 4. 0
+ 48.5
-11.2
+4.9

+ 6.2
-9. 1
+ 19. 1
+ 4.7
+ 15.2

79
77
82
74
84

72
85
68
66
72

70
85
67
62
67

68
83
69
62
63

-2.9
-2.4
+ 3. 0
0.0
-6.0

-13.9
+ 7.8
-15.9
— 16.2
-25.0

97
112
84
92
124
114
86

94
114
76
91
133
102
85

88
99
79
83
126
108
75

91
109
87
85
131
106
80

91
111
75
87
136
95
87

0.0
+ 1.8
-13.8
+ 2.4
+ 3.8
-10. 4
+ 8.7

-3.2
-2.6
-1.3
-4.4
+ 2.3
-6.9
+ 2.4

91

112

139

105

117

147

+ 25.6

+ 5.8

62
64
77
82 I
79
70
55

110
78
133
125
107
103
93

113
123
138
124
110
116
108

138
135
150
133
117
121
120

127
87
172
139
106
111
100

125
112
173
136
105
119
106

149
114
190
151
111
124
119

+ 19.2
+ 1.8
+ 9.8
+ 11. 0
+ 5.7
+ 4.2
+ 12. 3

+ 8. 0
-15.6
+ 26.7
+ 13.5
-5. 1
+ 2.5
-0.8

185
116

70
81

83
98

104
107

125
116

89
98

103
108

119
115

+ 15. 5
+ 6.5

-4. 8
-0.9

109
112
114
114
107
112
106
111
107

90
90
85
87
86
88
97
88
91

97
94
88
101
96
98
102
99
105

98
97
94
102
96
100
104
105
106

99
99
94
101
95
99
105
105
104

93
93
92
93
88
97
102
94
97

94
97
94
92
89
97
103
98
97

93
97
95
91
88
95
104
97
95

-1.1
0.0
+ 1. 1
-1. 1
-1. 1
-2. 1
+ 1.0
-1.0
-2. 1

-6.1
-2. 0
+ 1. 1
-9.9
-7.4
-4 0
-1.0
-7.6
-8.7

110
108
110
115

87
82
87
86

98
85
98
102

99
89
98
104

100
92
96
105

93
82
89
100

92
92
88
98

91
94
87
98

-1. 1
+ 2.2
-1. 1
0. 0

-9.0
+ 2.2
-9.4
-6.7

August September

October

139
198
101
109
114

131
164
114
109
118

134
169
135
104
116

153
204
134
118
131

77
60
64
79
74

109
123
75
123
110

114
121
104
116
111

130
143
162
106
112

157
154
157
204
142

68
62
66
53
63

82
79
78
83
96

82
82
83
79
90

101
122
86
100
136
118
87

72
80
43
71
99
66
60

88
99
73
82
115
102
81

156

64

250
199
190
169
160
161
163

August September

STOCKS
(Relative to 1923-25 monthly average as 100)
Total

(Corrected for seasonal variation)
_ ___ _ _ _ _ _ _

UNFILLED ORDERS
(Relative to 1923-25 monthly average as 100)
Total

Textiles
Iron and steel
Vehicles
__
Lumber.
WHOLESALE TRADE
(Relative to 1919 monthly average as 100)
(Distributed by Federal reserve districts)

Grand total, all classes
Hardware (10 districts)
Shoes (8 districts) __
Groceries (11 districts)
Drugs (7 districts)
Dry goods (8 districts)
Meats,
RETAIL TRADE
(Relative to 1923-25 monthly average as 100)
MAIL-ORDER HOUSES (4 houses).
CHAIN STORES:
Ten-cent (5 chains)
Music (4 chains)
Grocery (27 chains)
Drug (9 chains)
Cigar (3 chains)
Candy (5 chains)
Shoe ( 6 chains)
DEPARTMENT STORES:
Sales (359 stores)
Stocks (314 stores)
. __
EMPLOYMENT
(Relative to 1923-25 monthly average as 100)

Number employed, by industries:
Total, all classes
Food products. _ _ _
_
Textiles
Iron and steel
Lumber
Leather
__ __ _
Paper and printing __
Chemicals
__ _ _
Stone, clav, and glass __ _ _
Metal products other than iron and
steel
Tobacco products
Vehicles
Miscellaneous.



20
INDEXES OF BUSINESS—Continued
1926
Maximum
since
Jan. 1,
1923

PER CENT INCREASE (+) OR
DECREASE (— )

1927

Minimum
since

Jan. 1,
1923

August September

October

August September

October

October,
1927,
from
September,
1927

October,
1927,
from
October,
1926

EMPLOYMENT— Continued.
(Relative to 1923-1925 monthly average as 100)
Amount of pay roll, by industries:
Total, all classes
Food products
Textiles
__
Iron and steel
Lumber
Leather
Paper and printing
Chemicals
_
_
_ Stone clay, and glass
Metal products other than iron and steelTobacco products
Vehicles
Miscellaneous

111

108
115
117
107
117
114
114
111
114
111
114
119

100
99
90
104
102
101
108
107
107
97
93
98
104

104
101
96
108
104
101
111
109
110
102
97
101
111

96
97
94
94
94
101
108
100
99
92
84
92
102

95
99
96
92
95
98
109
102
98
89
95
87
98

96
99
98
91
96
92
111
102
99
90
96
90
102

+ 1.1

78
79
88
84
94
89
84
81
81
79
86

100
96
88
103
101
101
107
103
109
97
88
101
105

+ 3.4
+ 4.1

-7.7
-2. 0
+ 2.1
-15.7
-7.7
-8.9
0. 0
-6.4
-10.0
-11.8
-1. 0
-10.9
-8. 1

85
90

0.0
+ 2.1
-1. 1
+ 1.1
-6. 1
+ 1.8
0. 0
+ 1.0

+ 1.1
+1. 1

PRICE INDEX NUMBERS
FARM PKICES
(Relative to 1909-1914 average as 100)
All groups
-Grains
-Fruits and vegetables _
Meat animals
- - -Dairy and poultry
Cotton and cottonseed _ _
Unclassified _
WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1926)

152
178
253
154
166
252
108

125
108
108
98
122
81
79

133
128
166
144
130
130
89

134
121
136
148
139
134
93

130
123
136
148
144
94
97

132
138
172
136
127
136
81

140
134
145
142
137
179
87

139
128
138
145
146
169
83

-0.7
-4. 5
-4. 8
+ 2. 1
+ 6.6
-5. 6
-4. 6

+ 6.9
+ 4. 1
+ 1.5
-2.0
+ 1.4
+ 79.8
-14. 4

All commodities
Farm products
Food, etc
-- - Hides and leather products __ _
Textile products
Fuel and lighting
Metals and metal products
Building materials
Chemicals
House-furnishing goods
Miscellaneous

105
114
106
113
114
112
113
116
104
111
127

94
94
85
98
94
84
97
92
95
98
88

99
97
98
100
99
101
101
100
100
100
95

100
99
100
99
99
102
101
100
100
100
94

99
98
101
101
98
101
101
100
99
99
93

95
102
94
112
96
84
98
93
95
99
90

96
106
97
113
99
84
98
92
96
99
89

97
105 !
100 1
113
98
84 !
97
92
97
99
88

+ 1.0
-0.9
+ 3. 1
0.0
-1. 0
0.0
-1.0
0. 0
+ 1.0
0. 0
-1. 1

2.0
+ 7. 1
-1. 0
+ 11.9
0. 0
-16.8
-4. 0
-8. 0
-2. 0
0.0
-5. 4

150
169
169

119
150
146

128
160
151

129
161
153

127
160
152

120
155
153

120
158
157

119
161
156

-0.8
+ 1.9
-0.6

-6.3
+ 0. 6
+ 2.6

Dun's (1st of following month)
Bradstreet's (1st of following month)
COST OF LIVING
National Industrial Conference Board Indexes
(Relative to July, 1914)

169
156

151
134

153
138

155
139

155
138

156
140

157
144

158
145

+ 0. 6
+ 0.7

+ 1.9
+ 5. 1

All items weighted
Food (Dept. Labor)
Shelter
Clothing
Fuel and light (combined)Fuel
Light
__ _
Sundries
__

173
167
186
177
179
208
123
176

158
141
167
160
156
174
118
171

165
156
175
173
160
180
121
173

167
159
175
174
161
182
121
173

167
160
174
173
163
185
121
174

163
152
169
170
161
181
122
172

163
154
168
171
162
183
122
172

164
156
167
170
163
184
122
173

+ 0.6
+ 1.3
-0. 6
-0. 6
+ 0.6
+ 0.5
0. 0
+ 0.6

-1.8
-2.5
-4. 0
-1.7
0. 0
-0.5
+ 0.8
-0.6

(Relative to 1913)

Classified by state of manufacture:
Producers' goods
Consumers' goods
Raw materials
Commercial Indexes
(Relative to 1913)




21

TREND OF BUSINESS MOVEMENTS
The following table contains a summary of the monthly figures, designed to show the trend in important
industrial and commercial movements. These data represent continuations of the figures presented in the
latest semiannual number (August, 1927), in which monthly figures for 1926 and 1927 may be found, together
with explanations as to the sources and exact extent of the figures quoted. The figures given below should
always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of
the end of the month referred to. For explanations of relative numbers, including base periods, see introduction on inside front cover.
1937

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

October

Septem-

October

Oct.,
1927,
from
Sept.,
1927

16, 956
11, 799
5,157

16, 578
9,033
7,545

13, 018
8,511
4,507

13, 336
6,921
6,415

15, 832
18, 933

21, 053
24, 535

13, 997
17, 171

48, 153

49,122

45, 770

August

September

60, 980
55, 877
5,103

35, 499
29, 891
5,608

13,464
15, 079

18, 425
21, 754

39,833

46, 504

July

PER CENT INCREASE (+) OR
DECREASE (— )

1936

!

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

Per ct.
increase
( }
or tdecrease
(-)
cumulative
1927
from
1926

Oct.,
1927,
from
Oct.,
1926

1936

1937

-2.2
-23.4
+46.3

+24.3
+30.5
+17.6

316, 893
150, 921
165, 972

311, 902
201, 424
110, 478

-1.6
+33.5
-33.4

19, 246
22, 497

+33.0
+29.6

+9.4
+9.1

260, 199
279, 603

228, 556
260, 323

-12.2
-6.9

49, 072

+2.0

+0.1

414, 386

463, 516

+11.9

7.4
+4.8
-16.7

-5.0
+8.3
-15.0

TEXTILES
Wool
Receipts at Boston:
Total
. -thous. of Ibs
50, 598
Domestic
thous of Ibs
46, 106
Foreign
thous. of Ibs
4,492
Imports:
In condition imported
_ -thous. of Ibs.. 17, 355
Grease equivalent
thous. of Ibs. _ 20, 149
Consumption by textile mills,
grease equivalent
. -thous. of Ibs. _ 45, 006
Stocks, grease equivalent, end of quarter:
Total. .
.
thous. of Ibs. 2 385, 615
Held by manufacturers
thous. of lbs_. 2 167, 426
Held by dealers _. ..thous. of lbs_. 2 218, 189
Machinery activity, hourly:
Looms—
Wide
per ct. of hours active..
60
Narrow
per ct. of hours active
67
Carpet and rug
per ct. of hours active..
64
Sets of cards
per ct. of hours active
84
Combs
per ct. of hours active-73
Spinning spindlesWoolen . per ct. of hours active. _
79
Worsted
per ct. of hours active
61
Prices:
Raw, territory, fine scoured.. dolls, per lb__
1.09
Raw, Ohio and Pa. fleeces,
Y± blood, combing, grease.-.dolls. per lb._
.42
Worsted yarn
dolls, per lb_.
1.33
Women's dress goods, French
serge .
- .dolls, per yd
.98

2
2
2

22 375, 714
161, 943
2 213, 770

357, 107
175, 436
181, 671

56
58
56
77
75

59
65
57
79
83

64
65
65
84
81

66
67
64
84
88

64
57
62
80
84

71
68
65
89
90

+3.1
+3.1
-1.5
0.0
+8.6

-7.0
-1.5
-1.5
56
-2.2

76
59

78
65

82
71

79
74

76
74

86
79

-3.7
+4.2

-8.1
-6.3

1.13

1.12

1.12

1.12

1.11

1.12

0.0

0.0

.44
1.35

.44
1.35

.45
1.38

.47
1.40

.44
1.40

.45
1.40

+4.4
+1-4

+4.4
0.0

.98

.98

.98

1.00

1.01

1.00

+2.0

0.0

129
31, 147

832
28, 041

2,000
28, 346

3 12, 842
5 10 899
2,837
19, 235

2,104
10, 007

« 18, 618
5 12, 956
3,843
6 30, 877

+41.9
-32.1

-26.2
-37.7

10, 651
281, 504

11,728
339, 598

+10.1
+20.6

389, 358
569, 250

340,311
633, 434

794, 584 1, 369, 820
570, 570 6 568, 361

+78.5
-2.3

-17.8
+7.8

6, 030, 791
5, 497, 217

7, 708, 579
6, 246, 958

+27.8
+13.6

3,227
1,404
1,823

3,295
1,122
2,173

5,083
1,119
3,964

6,760
1,327
5,433

4,223
936
3,287

6 6, 685
« 1, 213
6 5, 472

+33.0
+18.6
+37.1

+1.1
+9.4
0 7

4,988
3,417

4,480
3,131

5,356
4,108

6,479
5,297

4,284
3,116

6,148
5,056

+21.0
+28.9

+5.4
+4.8

32, 312
8,043
219
99.1

32, 239
8,973
245
103.5

32, 343
8,761
240
107.0

32, 498
8,705
238
105.3

32, 147
8,248
220
98.5

e 32, 605
8,370
224
98.9

+0.5
-0.6
-0.8
-1.6

-0.3
+4.0
+6.3
+6.5

.155
.180

.171
.203

.225
.218

.210
.211

.168
.170

.117
.132

-6.7
-3.2

+79.5
+59.8

+0.7
-11.5
-4.1
+5.5
+1.4
-6.9

-3.2
-2.6
-1.6
+8.1
+4.3
-12.9

809, 910
789, 945
476, 723

858, 369
841, 616
505, 180

+6.0
+6.5
+6.0

-13.5
+17.4
-13.8

+40.0
+9.7
+26.0

2, 099, 440

2, 608, 821

+24.3

I

Cotton
Production, crop estimate
thous. of bales
Ginnings
thous. of bales _
Receipts into sight .
. .thous of bales
363
Imports, unmanufactured
bales
36, 055
Exports, unmanufactured
(including linters)
bales _ 481, 943
Consumption by textile mills.
bales. . 662, 630
Stocks, domestic, end of month:
Total, mills and w'houses..thous. of bales..
3,772
Mills
thous. of bales
1,608
Warehouses .
__ thous. of bales
2,164
Stocks, world visible, end of month:
Total..
_
thous. of bales
5,654
American
thous. of uales._
4,014
Machinery activity of spindles:
Active spindles . ._
thousands
32, 753
Total activity
millions of hours
9,192
Acti vit y per spindle
hours
249
Ratio to capacity
per cent__
109.3
Prices:
To producer
dolls, perlb..
.148
In New York, middling
.dolls, per lb__
.168

631, 041 1, 126, 509
612, 935
627, 321

Cotton Goods
Cotton finishing:
Billings, finished goods (as
produced)
thous. of yds.. 87,006
72, 334
84, 899
84, 780
79, 223
88, 295
85,490
New orders, gray yardage... thous. of yds.. 77, 743
79, 350
82, 407
87, 386
77, 296
84, 438
71, 959
Shipments, finished goods..
cases.. 48, 133
52,
399
49,
312
51,010
52,316
50,
175
43, 154
Stocks, finished goods, end mo
cases
36, 161
39, 094
39, 535
37, 092
37, 053
36, 868
40, 390
Operating activity
per ct. of capacity..
72
66
70
63
68
73
66
Unfilled orders, end of month..
-days..
6.7
6.2
5.4
5.5
5.9
5.8
5.8
Cotton textiles:
Total (9 groups) s—
Production
thous. of yds.. 279, 456 229, 097 245, 605 346, 902 300, 106
244,110
214, 361
Stocks, end of month
thous. of yds.. 187, 623 177, 527 201, 217 201, 920 237, 005
217, 152
216, 030
Unfilled orders, end mo. .thous. of vds._ 481. 346 457. 883 491. 960 479. 368 412. 991
330. 358
327. 834
2
Quarter ending in month indicated.
3 As of Nov. 1.
< Final estimate for 1926.
* As of Nov. 14.
*8 Revised.
Data beginning with August, 1927, not comparable with previous figures owing to addition of more reporting firms.




22
TREND OF BUSINESS MOVEMENTS—Continued
1937

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"
L £j^

PER CENT INCREASE (+) OR
DECREASE (— )

1926

Oct.,

June

July

1927,

August

Septem-

October

September

17, 288
7,460
29, 499

22, 212
8,464
24, 686

18, 462
12, 795
18, 507

14, 378
16, 189
15, 307

11,950 -16.9
14,790 i +51.2
13,749 -25.0

15, 135
13, 345
25, 745

19, 027
15, 261
19, 964

16, 323
18, 926
19, 875

9,755
8,606
15,371

75, 836
26, 636
163, 971

143, 223
32, 393
177, 363

117, 332
37, 580
150, 712

20,316
52, 026
54, 784

22, 337
44, 634
45, 655

38, 007
34,188
81, 802

October

from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

Per ct.
increase
(+
}
or decrease
(-)
cumulative
1927
from
1926

1926

1927

+54.5
-13.5
+34.6

147, 832

183, 758

10,247
8,848
21, 054

-14.2
+59.3
+24.0 +111.5
-0.4
-5.6

72, 562

78, 740
37, 554
78, 240

62, 620
32, 499
98, 977

-18.1
+16.0
-15.0

+87.4
+15.6
+52.3

691, 085

844, 551

+22.2

20. 632
46, 091
46, 379

24, 025
52, 900
54, 752

24, 226
54, 701
56, 017

-7.6
+3.3
+1.6

-14.8
-15.7
-17.2

228, 273

239, 615

+5.0

40, 410
33, 171
93, 152

43,105
37, 376
72, 616

32, 313
37, 705
82, 824

36, 483
35, 027
56, 713

+6.7
+12.7
-22.0

+18. 2
+6.7
+28.0

301, 978

390, 193

+29.2

2,812
3,011
6,370

3,081
2,409
6,200

3.342
2,169
14, 000

2,572
6,379
3,472

8,810
3,772
11, 728

11, 605
6,522
11, 035

10, 301
7,572
8,645

9,977
3,920
11, 289

7,887
4,734
15, 198

-11.2
+16.1
-21.7

+30.6
+59.9
-43.1

79, 547

103, 526

+30.1

52, 735
19,914
88, 841

68, 242
22. 814
69, 390

56, 060
35, 426
55, 027

65, 832
26, 052
56, 229

53, 064
34, 365
52, 968

-17. 9
+55.3
-20.7

+5.6
+3.1
+3.9

509, 746

570, 910

+12.0

14. 666
40, 865
29, 210
51, 688

16,765
36, 252
31, 823
58, 673

14, 549
39, 070
27, 230
64, 843

6,518
27, 847
12, 874

5,788
25,192
10, 354

-13.2 +151.4
+7.8 +55.1
-14.7 +163. 0
+10.7

13,286

17, 618

9,383
24,415

8,570
24, 124

16, 619
16, 243
16,016 f
10,165 1
27, 220

486, 395

486, 697

466, 529

413, 762

401, 636

-6.1

+16.2

3, 858, 872

"
4, 829, 298

+22.0

4,986
46, 387
10, 771

4,741
50, 333

4,425
42, 836

2,414
46, 267
11, 429

5,054
37, 769
12, 001

-6.7
-14.9

-12.4
+13.4

52, 706
429, 343

52, 370
464, 810

-0.6
+8.3

139, 659

+9.1

212, 213 +65.3 +80.4
126, 997 +104. 6 +145. 9
85, 216 -10.5 -17.1

1, 691, 374
669, 993
1, 021, 381

TEXTILES— Continued
Cotton Goods— Continued
Cotton textiles— Continued
Drills and twills «—
Production
_thous. of yds
16,723
21, 176
Stocks, end of month
thous. of yds..
8,028
7,548
Unfilled orders, end mo__thous. of yds__
32, 282
30, 295
Wide drills, twills, and broadcloth «—
Production...
thous. of yds.. 15, 709
12, 485
11,220
12, 340
Stocks end of month
thous. of yds
Unfilled orders, end mo_ -thous.
of
yds..
21,
656
23,
328
Print cloths, plain and fancy 9—
67, 672
Production
thous. of yds.. 86, 476
Stocks, end of month
thous. of yds.. 20, 143
18, 447
Unfilled orders, end mo. -thous. of yds.. 129, 580 133, 603
Pajama checks and ginghams s—
Production
thous. of yds
25, 503
24. 178
Stocks, end of month
thous. of yds.. 50, 784
50, 829
50, 089
Unfilled orders, end mo thous. of yds.. 59, 174
Denims and chambrays—
Production
thous. of yds.. 38, 541
35, 198
Stocks, end of month
thous. of yds.. 42, 442
38, 813
103, 548
91, 703
Unfilled orders end mo thous. of yds
Canton flannels (for mitten trade)—
4,820
2,805
Production
thous. of yds__
3,269
Stocks, end of month
thous. of yds.. ' 4, 224
7,284
7,953
Unfilled8 orders, end mo thous. of yds..
Osnaburgs —
Production
thous. of yds.. 12, 100
9,127
3,020
2,350
Stocks, end of month
thous. of yds_.
14,
723
Unfilled orders,
endmo__thous.
of
yds__
13,
085
Narrow sheetings 8—
52, 722
Production
thous. of yds.. 66, 856
Stocks end of month
thous. of vds
23, 683
21, 239
Unfilled orders, end mo. -thous. of yds.. 93, 130
92, 678
Wide sheetings 8—•
8,187
Production.
thous. of yds..
8, 275
22, 652
Stocks end of month
thous. of yds.. 24, 079
Unfilled orders, end mo_.thous. of yds.. 17, 628
17, 480
Cotton cloth printed
thous. of yds
Carded sales yarn:*
Production
thous. of Ibs
13, 136
10, 792
Shipments
thous. of Ibs
New orders
thous of Ibs
Stocks end of month
thous. of Ibs
8,085
8,538
19, 846
22, 665
Unfilled orders, end of month.thous. of lbs_.
Fine cotton goods, production (New
Bedford)
pieces.. 530, 892 460, 260
Cotton cloth:
3,821
5,654
Imports
thous. of sq. yds
48, 589
50, 387
Exports
thous of sq. yds
11,584
9,688
Elastic webbing, shipments
thous. of yds..
Fabrics for tire manufacture:
14, 010
17, 443
Consumption
thous. of Ibs
Exports —
Total
sq. yds.. 390, 635 1, 022, 449
Cord
_sq. yds.. 183, 420 815, 995
Others
sq. yds.. 207, 215 206, 454
Prices:
Cotton yarn—
.354
22/1 cones, Boston
dolls, per lb_
.346
.481
40/ls New Bedford
dolls, per Ib
.470
.073
Print cloth, 64 x 60
dolls, per yd..
.075
.084
.087
Sheeting, brown
dolls, per yd
Cotton goods (Fairchild) index number
150
152
Silk
Imports, raw
thous of Ibs
Deliveries (consumption)
*
bales. _
Stocks, end of month:
At warehouses
bales
At manufacturers' plants . ._
bales
Silk machinery activity:
Broad looms
per cent of normal
Narrow looms
per cent of normal _ _
Spinning spindles
per cent of normal-Price, Japanese, 13.15, New York-dolls, perlb*..

147, 709 +103. 6

31,805

96,654

-5.7
+18.6
+12.8

16, 323

13, 998

447, 693
327, 984
119, 709

231, 575
152, 638
78, 937

382, 856
312, 224
70, 632

246, 624
139, 344
107, 280

.387
.512
.084
.098
162

.406
.547
.089
.110
177

.402
.546
.087
.111
175

.367
.506
.076
.093
159

.329
.482
.068
.090
154

-1.0
-0.2
-2.2
+0.9
-1.1

+22.2
+13.3
+27.9
+23.3
+13.6

15, 910

13, 973

* 127, 977

7,404
41, 312

6,225
41, 039

9,347
47, 042

7,625
50, 107

7,942
47, 827

7,046
43, 962

7,937
47, 768

+4.2
-4.6

+0.1
+0.1

37, 024
18, Ob6

43, 841
16, 002

56, 618
22, 218

58, 986
22, 100

62, 366
25, 967

34, 459
18, 491

35, 094
22, 762

+5.7
+17.5

+77.7
+14.1

83.0
56.6
67.3
5.488

89.7
53.8
74.9
5.292

86.8
51.9
73.4
5. 145

81.9
50.8
77.1
5.096

84.2
54.2
77.6
5.145

80.8
66.6
87.5
6.370

82.6
69.3
87.5
6.076

+2.8
+6.7
+0.6
+1.0

+1.9
-21.8
-11.3
-15.3

1,528

1,129

1,386

879

1,008

+22.8

+37.5

1,855
1.50

1,875
1.50

1.50

2,031
1.65

1,879
1.65

0.0

-9.1

Rayon
Imports
thous. of Ibs..
1,311
1,220
Stocks in bonded warehouses,
end of monththous. of lbs_.
941
1,654
Price, 150 denier, A grade, N. Y dolls, per lb__
1.50
1.50
7
Cumulative through Sept. 30.
8
Data beginning with August, 1927, not comparable with previous
* See table on p. 27 of the November, 1927, issue for earlier data.




+8.5 +59.4
2,086
5,774 -10.0 -62.4
2,804 +125. 8 +399. 3

+24.3

figures owing to addition of more reporting firms.

3, 794, 220 +124. 3
2, 529, 799 +277. 6
1, 264, 421 +23.8

61, 771
414, 141

72, 939
461, 075

+18.1
+11.3

8,152

13, 161

+61.4

23

TREND OF BUSINESS MOVEMENTS—Continued
1937

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, *' Survey"

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1926

August

Septem-

October

Septem- October
ber

Oct.,
1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

CUMULATIVE TOTAL
FROM JANUARY .1
THROUGH OCTOBER
31

1926

Per ct.
increase

(

t>

or decrease
(-)
cumu
lative
1927
from
1926

1927

TEXTILES-Continued
Clothing
Men's and boys' garments cut:
Suits
thous of garments
Separate trousers
thous. of garments
Overcoats
thous of garments
Work clothing:
Cut
dozen garments
Net shipments
dozen garments
Stocks, end of month
dozen garments--

1,287
1,450
416

1,246
1,294
486

1,308
1,577
543

1,080
1,413
551

1,176
1,607
579

1,110
1,531
676

7 12, 983
1 714, 657
3, 361

7 11, 853
7 13, 246
7 3, 204

-8.7
-9.6
-4.7

279, 601
290, 889
363, 582

275, 247
282, 082
380, 858

332, 918
328, 497
360, 331

299, 695
332, 458
329, 537

287, 149
262, 258
301, 160

271, 984
226, 728
308, 731

7 2,317, 562
7 2,098, 477

2,646, 666
2,544, 694

+14.2
+21.3

3,941
3,886
8,141
4,143
6,342

3,113
3,226
8,390
3,095
6,046

3,807
6 4, 016
6 8, 093
3,892
6,018

3,756
4,267
7, 590
4,798
6,072

3,557
4,015
6,953
3,946
5,566

3,694
3,940
6,843
4,289
5,667

7 31, 351
7 32, 053

7 33,500
7 33, 402

+6.9
+4.2

7 32, 102

7 35, 543

+10.7

1,127
1,049
1,623
1,115
2,614

880
950
1,617
803
2,458

1,082
1,369
1,434
1,434
2,543

1,055
1,464
1,216
1,241
»2,416

1,181
1,359
1,322
1,147
2,185

1,004
1,325
1,196
1,087
1,659

1,015
1,166
1,042
949
1,417

+11.9
-7.2
+8.7
-7.6
-9.6

+16.4
+16.6
+26.9
+20.9
+54.2

10, 444
10, 450

10, 584
11,056

+1.3
+5.8

9,544

11,512

+20.6

61, 287
23, 115

35, 236
19, 030

71,417
23, 768

40,337
18, 284

37, 396
16, 705

32,066
16,004

53, 696
18,846

-7.3
-8.6

-30.4
-11.4

520, 765
241,068

495, 651
254, 647

-4.8
+5.6

4,358
2,964
2,671

3,246
2,545
2,415

3,581
2,749
2,387

3,600
2,901
2,421

3,042
2,649
2,426

3,470
2,407
2,067

2,954
2,374
1,625

-15.5
-8.7
+0.2

+3.0
+11.6
+49.3

29, 351
22, 689

36, 119
27, 515

+23.1
+21.3

2,200

1,687

-23.3

Hosiery
Production
thous
Net shipments
thous
Stocks, end of month
thous.
New orders
thous
Unfilled orders end of mo thous

of dozen pairs
of dozen pairs
of dozen pairs. _
of dozen pairs
of dozen pairs

Knit Underwear
Production
Net shipments
Stocks end of month
New orders
_
.
Unfilled orders, end of mo

thous. of dozens. _
thous. of dozens. _
thous of dozens
thous. of dozens. _
thous. of dozens. .

Burlaps and Fibers
Imports:
Burlaps
. .- _>
.thous. of lbs__
Fibers (unmanufactured)
long tons _
Pyroxylin Coated Textiles
Pyroxylin spread
. _. .thous. of lbs__
Shipments billed
thous. of linear yards
Unfilled orders,endof mo.thous.of linear yards..
Cotton Mill Dividends
New Bedford mills (quarterly) :
Total
thous. of dollars
Ratio to capitalization
per cent per quarter

2598

2601

2617

+0.5

-2.6

2

2

.827

2.899

+0.7

-8.0

16, 969

13,664

44.3
11, 759

51.3
12, 002

.821

Fur

Sales by dealers

thous. of dollars

14, 136

10, 959

13, 694

13,644

Fresh-water pearl buttons:
Production
per ct of capacity
Stocks end of month
thous of gross

52.9
6 9, 948

37.3
9,705

43.6
9, 555

50.9
9,408

23

130, 709

7 145, 052

+11.0

Buttons
53.9
9,604

+5.9
+2.1

+5.1
-20.0

IRON AND STEEL
Iron
37
Manganese ore, imports thous. of long tons..
28
Iron ore:
232
Imports .
thous. of long tons..
252
Shipments from mines -thous. of long tons..
8,459
8,609
ReceiptsLake Erie ports and
furnaces
thous. of long tons..
6,010
6,136
Other ports ... _ .thous. of long tons. . 2,418
2,282
Consumption
_ thous of long tons
4,531
4,294
Stocks, end of monthTotal
thous of long tons
26, 973
31,331
21, 922
At furnaces
thous of long tons
25, 872
5,051
On Lake Erie docks.thous. of long tons..
5,459
Pig-iron production:
Total, United States.. .thous. of long tons..
3,090
2,951
Merchant furnaces
thous. of long tons..
746
788
69
Canada
..thous. of long tons..
51
Furnaces in blast, end of month:
190
Furnaces
number
198
99, 240
Capacity
long tons per day
93, 700
Per cent of total
per cent
54.7
52.5
Ohio gray -iron foundries:
Meltings15, 891
Actual
long tons
10, 761
Normal
long tons.
18, 893
14, 864
84.1
Ratio to normal per cent of normal..
72.3
99
Stocks, end of month., .per cent of normal..
94
Receipts
per cent of normal..
83
64
J
Quarter ending in month indicated.




36

15

18

13

+15.4

303

250

-17.5

304
8,776

225
7,231

228
6,723

232
9,622

190
9,338

+1.3
-7.0

+20.0
-28.0

2,164
54, 570

2,290
49, 110

+5.8
-10.0

6,451
2,274
4,368

5,493
1,832
4,089

4,929
1,828
4,024

7,343
2,586
4,738

6,906
2,360
4,948

-10.3
-0.2
-1.6

-28.6
-22.5
-18.7

38, 888
14, 079
49, 081

34, 721
13, 133
45, 127

-10.7
-6.7
-8.1

35, 803
29, 728
6,075

39, 296
32, 527
6,769

42, 164
34, 952
7,211

37, 336
30, 438
6,897

42, 004
34, 407
7,597

+7.3
+7.5
+6.5

+0.4
+1.6
-5.1

2,947
733
63

2,775
685
52

2,784
707
38

3,136
700
64

3,334
755
70

+0.3
+3.2
-26.9

-16.5
-6.4
-45.7

32, 742
7,478
632

30, 888
7,467
608

-5.7
-0.1
-3.8

187
93, 800
51.7

179
90, 800
49.4

172
87, 600
47.6

215
105, 480
58.4

219
108, 760
58.9

-3.9
-3.5
—3.6

-21.5
-19.5
-19.2

17, 559
20, 217
86.8
82
71

13, 298
16, 284
81.6
117
82

14, 207
18, 389
77.2
88
60

15, 427
17, 969
85.8
101
85

14, 365
17, 622
81.3
87
58

+6.8
+12.9
-5.4
-24.8
-26.8 \

-1.1
+4.4
-5.0
+1.1
+3.4

172, 643
212, 330

158, 125
188, 546

-8.4
-11.2

6 Revised.

-58.3

7 Cumulative through Sept. 30.

24

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

Oct.,

August

September

October

September

October

from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

44,142
45.0
44,347
43, 136

47, 166
47.4
46, 306
39, 897

41, 155
41.9
42, 500
35, 492

43, 074
45.0
38, 433
37, 477

54, 630
53.2
50, 885
43, 874

53, 963
52.7
49, 738
43, 322

+4.7
+7.4
-9.6
+5.6

-20.2
-14.6
-22.7
-13.5

19.76
17.50
19.31

19.36
17.30
19.00

19.26
17.06
18.89

19.26
17.00
18.79

19.39
17.50
20.18

20.26
18.00
20.39

0.0
-0.4
-0.5

-4.9
-5.6
-7.8

19, Oil
18,911
20, 442
114, 224

22, 311
22, 588
20, 781
113, 776

22, 733
22, 311
20, 340
113, 561

22, 359
27, 929
30, 820
101, 047

21, 225
22, 581
25, 999
113, 805

26, 966
29, 268
26, 518
111, 962

29, 682
30, 687
25, 112
111, 499

13, 577
14, 360
15, 775

16, 828
17, 904
18, 606

59, 692

58, 610

June

July

53, 843
53.6
51, 306
42, 885

19.89
17.88
19.79

1927,

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31
!

1926

1927

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

IRON AND STEEL— Continued
Iron— C ontinued
Malleable castings:
Production.
_
short tons_.
Operating activity
per ct. of capacity..
Shipments
___
.short tons. .
New orders
—short tons
Wholesale prices:
Foundry, No. 2,
northern
dolls, per long ton..
Basic (valley furnace) ..dolls, per long ton_.
Composite pig iron
dolls, per long ton_.

581, 150

506, 677

-12.8

558, 210
493, 767

488, 332
449,173

-12.5
-9.0

17, 676
30, 978
24, 830
89, 849

7 187, 489
7 169, 611
7 189, 442

7 201, 015
7 167, 904
7 171, 128

+7.2
-1.0
-9.7

26, 191
31, 888
37, 305
99, 982

22, 338
35, 354
28, 170
84, 437

7 190, 039
7 175, 671
7 202, 161

77 212, 669
175, 512
7 179, 686

+11.9
-0.1
-11.1

17, 453
17, 304
15, 768

15, 551
18, 766
21, 080

15, 000
20, 173
18, 257

7 135, 038
7 117, 949
7 145, 092

7 140, 552
7 113, 152
7 116, 999

+4.1
-4.1
-19.4

58, 887

44, 534

39, 409

39,763

36, 788

-7.5

666

730

+9.6

926, 204

806, 637

-12.9

350, 296
575, 908

300, 102
506, 535

-14.3
-12.0

Cast-Iron Boilers and Hadiators
Round boilers:
Production.._
..thous. of lbs__
25, 078
Shipments
thous. of lbs_.
19, 064
New orders
thous. of Ibs _
23, 568
Stocks, end of month
thous. of lbs_ _ 114, 432
Square boilers:
Production
thous. of lbs_. 25, 561
Shipments
thous. of lbs__
18, 509
New orders
_
thous. of lbs__
25, 554
Stocks, end of month
thous. of lbs_. 113, 210
Radiators:
Production- -thous. sq. ft. heating surface. . 16, 242
Shipments. _thous. sq. ft. heating surface..
11, 756
New orders ..thous. sq. ft. heating surface.. 11, 946
Stocks, end of
month
thous. sq. ft. heating surface..
60, 313
Crude Steel
Steel ingots, production:
United States, total
thous. of long tons..
3,468
3,471
3,232
3,178
3,289
3,913
4,074
Ratio to capacity
_
per cent..
82
77
94
78
79
78
97
Canada
thous. of long tons
60
54
59
77
64
55
56
Q. S. Steel Corporation:
Unfilled orders,
end of month
thous. of long tons..
3,053
3,594
3,142
3,341
3,148
3,684
3,196
Steel castings:
ProductionTotal
short tons_. 82,118
79, 471
75, 551 6 83, 210 e 67, 077
58, 694
79, 804
Ratio to capacity
per cent..
62
57
60
63
50
44
60
Railroad specialties
-.short tons.. 30, 538
29, 679
29, 774
19, 486
17, 257
22, 837
25, 737
Miscellaneous
short tons. _ 51, 580
41, 437
56, 634
45, 872 653,436 6 47, 591
54, 067
New ordersTotal
short tons
84, 675
72,012 661,380 6 50, 630
67, 363
48, 762
74, 680
Ratio to capacity
per cent..
64
54
38
37
51
46
56
Railroad specialties
short tons.. 34, 702
29, 979 0 20, 220
14, 029
22, 031
15, 737
27, 827
Miscellaneous
short tons , 49,973
42. 033
41, 160 6 34, 893
34, 733
45, 332
46, 853
Sheets, black, blue, galvanized, and full finished:
Production—•
Total
net tons. _ 300, 706 237, 243 266, 645 220, 919 245, 765
307, 459 314, 598
Ratio to capacity . .
per cent..
95.9
80.2
71.7
96.2
62.6
101.4
80.3
Stocks, end of month—
Total
net tons.. 168, 155 154, 374 169,315 155,865 145, 980
134, 422
141, 206
Unsold
net tons . 47, 860
54, 553
34, 511
44, 538
53, 311
50, 518
40, 758
Shipments
_.
net tons.. 281,395 252, 034 266, 713 230, 443 232, 626
302, 198 301, 474
New orders
net tons.. 224,321 230, 715 177, 647 258, 427 234, 358
448, 147
212, 029
Unfilled orders, end of month
net tons.. 399, 562 353, 413 312, 662 350, 117 308, 264
731, 977 581, 993
Steel barrels:
Production
barrels. _ 594, 782 578, 223 615, 152 521, 899 578, 408
511,118 493, 363
Ratio to capacity
.per cent..
53.1
51.3
56.2
47.4
51.6
43.6
46.0
Shipments
barrels.. 605, 123 576, 602 610, 454 525, 374 572, 893
508, 548 497, 031
Stocks, end of month
barrels.. 52, 094
52, 939
57, 413
59, 453
49, 271
53, 715
53, 938
Unfilled orders, end of month
barrels.. 1,198,839 1, 346, 688 1,106,604 1, 124, 437 1,000,559 1,288,431 1,149,325
Iron, steel, and heavy hardware:
Sales index. .
index number .
202
183
172
203
200
181
216
Wholesale prices:
Steel billets, Bessemer.dolls. per long ton..
33.00
33.00
33.00
33.00
33.00
35.00
35.00
Iron and steel..-,
dolls, per long ton..
36.62
36.43
36.24
36.22
35.75
37.70
38.02
Composite steel
dolls, per 100 Ibs..
2.54
2.64
2.53
2.53
2.51
2.48
2.65
Structural steel beams. ..dolls, per 100 Ibs..
1.85
1.83
1.80
2.00
1.78
1.80
2.00
Steel sheets, Youngstown
district
..dolls, per 100 Ibs..
3.00
3.10
3.00
3.25

+1.8
+1.3
+3.7

-19.3
-19.6
-12.5

+6.1

-9.3

-12.5
-12.0
-11.4
-12.9

-26.5
-26.7
-32.9
-23.4

-3.7
-2.6
-10.9
-0.5

-34.7
-33.9
-49.6
-25.9

838, 774

738, 670

-11.9

316, 288
522, 486

290, 204
448, 466

-8.2
-14.2

+11.2
+14.5

-21.9
-29.3

2, 930, 652

2, 795, 105

-4.6

—6. 3
-5.2
+0.9
-9.3
-12.0

+3.4
+23.9
-22.8
+10.5
-47.0

2, 911, 722
2, 770, 230

2, 705, 695
2, 479, 978

—7.1
-10.5

+10.8
+8.9
+9.0
+10.2
-11.0

+17.2
+12.2
+15.3
+20.7
-12.9

5, 538, 241

5, 685, 433

+2.7

5, 535, 070

5, 672, 770

+2.5

+6.4

+19.3

0.0
-1.3
-1.2
-1.6

—5.7
-6.0
-6.4
-10.0

+3.3

-4.6

Steel Products
Structural steel, fabricated:
New orders (prorated)
. . short tons . 203, 520
Ratio to capacity
per cent..
64
Shipments (prorated)
.short tons. _ 235,320
Ratio to capacity
per cent..
74
Steel plate, fabricated, new orders:
Total
short tons
28, 811
Ratio to capacity
per cent..
36
Oil-storage tanks
. short tons..
7,402
Iron and steel:
Exports
long tons.. 184,364
Imports
.long tons. _ 49, 599
«Reirised.




308, 460
97
235, 320
74

248, 040 241, 680
76
78
260, 760 6 244, 860
677
82

263, 940
83
232, 140
73

187, 620
59
251, 220
79

203, 520
64
251, 220
79

+9.2
+9.2
-5.2
-5.2

+29.7
+29.7
-7.6
-7.6

2, 133, 780

2, 311, 860

+8.3

2, 407, 260

2, 187, 840

-9.1

38, 739
49
17, 038

44,974
57
23, 094

+7.3
+6.3
+17.4

-7.8
-10.5
-21.6

420, 936

429, 096

+1.9

139, 622

188, 137

+34.7

182, 071 172, 070
+2.3
68. 334
64, 722 -15.2
'Cu mulative t hrough Sej?t. 30.

-1.1
-38.9

1, 749, 029 1,834,614
816, 781
446, 652

+4.9
-45.3

635,434
44
17, 199

48, 577
60
29, 691

38, 662
48
15, 421

41, 478
51
18,098

190, 502
39, 543

175, 637
51, 596

166, 352
46, 573

170, 255
39, 516

25

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1926

Oct.,

June

July

August

September

October

September

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

Per ct.
increase
or decrease

Oct.,
1927,
from
Oct.,
1926

1926

1927

+7.3
+1.8
+1.0

-6.8
-7.8
-6.7

25, 760
25, 988

25, 509
25, 434

-1.0
-2.1

640 +16.6
592
-9.4
745 1 -9.8

-3.3
-6.9
-10.6

6,132
6,204

6,096
6,157

-0.6
-0.8

October

1927,

from
Sept.,
1927

cumulative
1927
from
1926

IEON AND STEEL-Continued
Steel Products— Continued
teel furniture:
Business groupShipments
thous. of dolls. _
New orders
thous. of dolls. _
Unfilled orders, end mo. thous. of dolls. .
ShelvingShipments
thous of dolls
New orders
thous. of dolls. _
Unfilled orders, end mo-thous. of dolls. .
teel boilers, new orders:
Total
number..
Area
thous. of sq. ft..

2,520
1,' 469

2,040
2,092
1,507

2,475
2,382
1,412

2,219
2,368
1,558

2,380
2,411
1,574

2,450
2,420
1,614

658
638
710

566
535
679

604
592
669

531
608
738

619
551
666

588
707
790

1,540
1,366

1,516
1,778

1,517
1,569

61.312
1, 152

1,.265
925

6

2,553
2,615 !
1,687

13, 652
13, 696

—3 6
—19.7

Machinery
Vacuum cleaners, shipments
(quarterly). _. _.
number-- 2 241, 698
Washing-machines, shipments:
Total
__
number.. 79, 825
Electric
64, 892
Water softeners, shipments*
units..
1,482
Water systems, shipments, .
units..
8,355
Pumps, pitcher, hand, etc., shipments. .units.. 43, 322
Steam, power, and centrifugal pumps:
New orders
thous. of dolls..
1,374
Shipments . _
thous. of dolls..
1,498
Unfilled orders, end mo
thous. of dolls..
3,350
Agricultural machinery and equipment:
ShipmentsTotal
index number..
167.6
Domestic
index number..
176. 2
Foreign
index number..
123.0
Production
index number..
137.7
Stokers, mechanical:
New orders
number. _
153
New orders
horsepower
54, 804
Machine tools:
New orders
_ .index number. _
139
Shipments
index number..
142
Unfilled orders, end of mo. .index number __
200
Electric industrial trucks and tractors:
Shipments, domesticTractors
number of vehicles..
20
All other types
number of vehicles..
97
Exports
number of vehicles..
23
Fire-extinguishing equipment, shipments:
Motor vehicles
number. _
144
Hand types
number.. 57, 494
PATENTS ISSUED
Total all classes
Agricultural implements.
Internal-combustion engines

number
number. .
number. _

3,137
44
76

2

2

-1.5

745, 320

728, 616

-2.2

+4.1
+1.9
-6.0

+29.3
+12.1
+1.3

7 775, 751
7 628, 232
15, 145
67, 635
476, 175

7 708, 217
7 583, 010
15, 598
70, 571
425, 221

-8.7
-7.2
+3.0
+4.3
-10.7

1,484
1,540
3,256

+10.4
+6.7
0.0

-12.4
-15.4
-9.4

15, 993
15, 410

14, 476
14, 249

-9.5
-7.5

123.5
112.4
182.1
135.7

84.7
81.8
99.8
131.0

-21.2
-15.0
-34.7
+6.2

+46.2
+39.7
+81.2
-5.8

95
27, 222

127
44, 211

112
40, 780

-8.7
-2.2

-15.2
33 2

1,204
483, 648

1,111
413, 761

-7.7
-14.4

106
128
266

133
152
231

194
157
363

195
193
350

+25.5
+18.7
-13.2

-31.8
-21.2
-34.0

3
87
2

8
66
5

11
81
17

10
82
5

18 +37.5
97 +22.7
17 +240.0

-38.9
-16.5
0.0

154
946
74

112
853
90

-27.3
-9.8
+21.6

110
45, 527

135
47,641

119
645,035

100
47, 529

128
48, 517

-32.9
+7.2

1,231
520, 277

1,163
487, 245

-5.5
-6.3

3,078
50
47

3, 815
46
67

2,792
37
34

3,185
57
73

3,115
43
30

3,239 +14.1
17
40 +54.1 +42.5
32 +114. 7 +128. 1

36, 909
528
471

34, 329
513
684

-7.0
-2.8
+45.2

304, 045 66 257, 464
224, 859
271, 943
32, 102 6 32, 605

221, 292
185, 706
35, 586

393, 357
350, 923
42, 434

329, 142
289, 565
39, 577

-14.0
-17.4
+9.1

-32.8
-35.9
-10.1

3,805,068
3, 408, 194
396, 874

3,072,915
2, 694, 570
378, 345

-19.2
-20.9
-4.7

212, 829

216, 148

-11.9

1,743
8,365
40, 443

93, 801
76, 308
1,478
7, 534
39, 254

89, 645
75,459
1,348
7,463
39, 912

1,178
1,221
2,950

1,300
1,303
2,950

1,468
1,703
3,332

157. 2
134. 4
6 277. 0
6 116. 2

123.8
114.3
180.8
123.4

160
60,977

6
104
6 27, 843

129
100
216

170
118
278

12
73
5

70, 260
58, 009
1,238
7,586
38, 752

75, 155
63, 606
1,595
8,601
39, 969

84, 795
70, 227
1,674
6 8, 211
43,007

1,409
1,597
3,044

1,489
1,474
3,040

158.5
158.5
158.8
127.8

177.6
166.8
234.0
126.5

136
41, 504

6
6

149
44, 334

-16.0
+5.5

AUTOMOBILES
Production:
United StatesTotal
_
number of cars. 313, 584
Passenger cars
number of cars
273, 718
Trunks
number of cars
39, 866
CanadaTotal
number of cars.. 19, 208
Passenger cars
number of cars
16, 470
Trucks
number of cars..
2,738
Exports:
Assembled—
Total
number of cars.. 27, 629
Passenger cars
number of cars
20, 815
Trucks
number of cars
6,814
From CanadaTotal
number of cars
4,576
Passenger cars
number of cars
3,089
Trucks
...number of cars..
1,487
Foreign assemblies™ ,
. number of cars
20,870
Sales, passenger cars and motor
cycles
thous. of dolls
215, 957
Shipments (General Motors Co.):
Proportion closed cars
per cent
88
To dealers ...
number of cars
155, 525
To users
number of cars
159, 701
Accessories and parts:
ShipmentsOriginal equipment
index number
176
Replacement parts
index number. _
130
Accessories
index number
132
Service parts
index number
171
8159
ExDorts...
thous. of dolls
z
Quarter ending in month indicated.
« Revised.




263, 239
233, 384
29, 855
10, 987
8,719
2,268

12, 526
10, 139
2,387

11, 262
8,681
2,581

7,791
6,236
1,555

17, 495
12, 624
4,871

14, 670
10, 595
4,075

-30.8
-28.2
-39.8

-46.9
-41.1
-61.8

187. 512
151, 657
35, 855

169, 374
139, 420
29,954

-9.7
-8.1
-16.5

28, 604
19, 398
9,206

32, 059
23, 294
8,765

26, 273
19,033
7,240

27, 718
19, 366
8,352

27,001
20,038
6,963

20, 395
16, 348
4,047

+5.5 +35.9
+18.5
+1.7
+15.4 +106. 4

252, 255
196, 023
56, 232

338, 924
248, 750
90, 174

+34.4
+26.9
+60.4

3,247
2,059
1,188
17,969

4,634
3,020
1,614
15,047

3,872
2,856
1,016
12, 844

3,507
2,380
1,127
12, 983

6,471
4,483
1,988
8,514

7,546
5,439
2,107
12, 919

-9.4
-16.7
+10.9
+1.1

59,911
42, 357
17, 554
147,046

51, 345
35, 639
15, 705
178, 571

-14.3
-15.9
-10.5
+21.4

158, 089

178, 889

154, 772

256, 631

171, 915

7 2,077, 670 7 1,593, 366

-23.3

86
136, 909
134, 749

86
155, 604
158, 619

140, 607
132, 596

128, 459
153, 833

81
138, 360
118,224

81
115, 840
99, 073

1, 445, 056
1, 420, 278

+29.9
+33.8

148
142
97
136
Q Q72

155
169
115
134
Q 741

139
181
163
127
7 Qfi9

124
174
103
120
fi finn

151
120
126
165

125
116
109
145

7

Cumulative through Sept. 30.

fi 973

K K34.

-53.5
-56.2
-46.5
+0.5

-8.6
+16.0

+10.9
+55.3

-10.8
-3.9
-36.8
-5.5

-0.8
+50.0
-5.5
-17.2

— 17 1

4-1Q 2

1, 112, 161
1, 061, 368

71 780

88 fiCU

4-93 fi

' See table on p. 27 of the November, 1927, issue for earlier data.

26

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

AUTOMOBILES— Continued
Rim production
thous. of rims
New passenger-car registrations:
Total
number of cars
Highest price group
number of cars
Second highest group _ number of cars
Third highest group
number of cars
Lowest price group
number of cars
Miscellaneous.
number of cars

Oct.,
June

July

August

September

October

1,385

1,872

1,680

1,826

1,727

263, 722
12, 356
60, 507
65, 305
125, 017
537

247, 736
11, 595
63, 561
66, 503
105, 563
514

242, 031
11,514
73, 223
71, 704
85, 071
519

184, 619
10, 655
54, 256
57, 538
61, 779
391

65, 545
75, 029

67, 248
78, 245

65, 936
74, 418

September

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

PER CENT INCREASE (+) OR
DECREASE (-)

1926

1937

October

1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

-19.8

-24.3

2,366

1, 829

258, 431
69,994
657,079
648,083
141, 841
61, 424

238, 328
9,160
49, 288
48, 237
130, 650
993

68, 828
83, 551

72, 627
80, 320

75, 099
87, 012

+4.4
+12.3

-8.4
-4.0

1926

1927

21, 891

Per ct
increase

(

-y

or decrease
(-)
cumulative
1927
from
1926

18, 042

-17.6

2,7 626, 119 7 2,7 194, 752
106, 004
100, 889
7516, 130
525, 786
7537, 073
7523,315
U,454,280 7 1, 034, 916
75, 744
716, 734

-16.4
-4.8
-1.8
+2.6
-28.8
-65.7

725, 166
804, 491

694, 545
802, 911

-4.2
-0.2

1, 187, 708
1, 309, 870
766, 025
377, 366

1, 229, 314
1, 367, 410
704, 718
431, 121

+3.5
+4.4
-8.0
+14.2

2, 086, 067
2, 115, 709

2, 301, 805
2, 028, 646

+10.3
-4.1

7

NONFERROUS METALS
Copper
Production:
Mines
short tons_. 69, 539
Smelter
short tons
77, 847
Kenned (North and South
113, 233
America)
short tons
World production, blister
short tons". 134, 243
Domestic shipments, refined
short tons
63, 465
Exports
short tons.. 42, 833
Stocks (North and South America):
Refined
short tons
96, 360
Blister
short tons
257, 823
.1237
Wholesale price, electrolytic
"dolls perlb

118, 133
132, 186
61, 965
42, 592

119, 786
135, 015
71, 736
46, 571

119, 100
133, 291
71, 578
56, 137

124, 927
145, 278
68, 619
41,317

123, 390
132, 013
78, 459
40, 753

123, 120
136, 600
73,939
36, 563

+4.9
+9.0
-4.1
-10.4

+1.5
+6.4
-7.2
+13.0

104, 388
250, 957
.1253

93, 654
253, 886
.1297

86, 493
246, 517
.1294

83, 882
246, 073
.1296

70, 137
263, 935
.1406

68, 233
267, 866
.1386

30
-0.2
+0.2

+22.9
-8.1
-6.5

Copper Products
Plumbing fixtures:
New orders, tubularQuantity
,
^ Value
Wholesale price, 6 pieces

169, 498
173, 041
103. 17

229, 923
207, 013
104. 39

230, 978
209, 702
104. 51

200, 298
178, 280
104. 71

201, 998
204, 256
106. 22

155,069
175, 454
106. 19

-13.3
-15.0
+0.2

+29.2
+1.6
-1.4

-1.7

+0.8

number.. 212, 055
dollars.. 173, 145
104. 09
dollars

Tin

Deliveries (consumption)
Stocks, end of month:
World visible supply. . _
United States
Imports..
Wholesale price, pig tin

long tons
long tons
long tons
long tons
dolls per Ib

-4.8

5,735

5,950

6,895

6,110

6,005

5,835

5,955

65, 405

62, 290

15, 638
1,519
5,139
.6423

15, 377
1,984
5,682
.6263

14, 487
2,201
8,560
.6352

15, 083
1,973
4,638
.6074

14, 684
3,158
7,179
.5756

14, 379
1,854
6,092
.6654

14, 841
1,554
5,126
.6823

-2.6
-1.1
+60.1 +103. 2
+45.4 +40.1
-5.2 -15.6

63, 824

62, 371

-2.3

80, 047
57.8
49, 718
43, 858

76, 519
58.2
47, 627
39, 323

76, 851
57.1
49, 012
34, 587

74, 435
56.6
47, 735
34, 277

76, 067
57.9
50, 185
48, 239

87, 028

526, 587

511, 984

-2.8

31, 167
35, 677
.0621

59, 104
30, 813
.0623

61, 749
24, S34
.0634

55, 308
28, 806
.0621

701, 123

584, 638

-16.6

57, 059

55, 830

6,169
63, 114
49, 005

8,540
63, 721
56, 479

165, 589
.0634

162, 866
.0668

160, 134
.0630

Zinc
Retorts in operation, end of month number
Per cent of total
per cent
Production
short tons"
Stocks, end of month
short tons
Ore, Joplin district:
Shipments
short tons..
Stocks, mines, end of month short tons
Price, slab, prime western
dolls, per Ib

Lead
Production
short tons
58, 391
Ore shipments:
Joplin district
.short tons..
5,194
62, 842
Utah _ __
short tons
Receipts of lead in United States ore-Short tons.. 53, 060
Stocks, United States and Mexico,
endofmonth._
_. .. short tons
170, 287
.0641
Price, pig, desilverized (New York), dolls, perlb. .

87, 028
52, 144
15, 699

54, 979
15, 909

+2.2 -12.6
+2 3
+5.1
-8.7
+40.7 +203. 2

76, 430
29, 776
.0600

69, 547
19, 103
.0741

75, 786
26, 287
.0730

+38.2
+3.4
-3.4

+0.8
+13.3
-17.8

653,204

56, 740

55, 965

63, 250

+6.6

-10.3

83, 265

573, 364

-1.7

6,439
80, 362
50, 995

7,864
66, 157

12, 879
62, 817
56, 754

14,965
76, 317
58, 092

+22.1
-17.7

-47.5
-13.3

110, 740
653, 932
7
504, 804

82, 813
668, 597
7493,046

-25.2
+2.2

.0625

113, 109
.0879

118,311
.0840

-0.8

25 6

5,116
1, 255
3,860

5,750
1,482
4,268

5,471
1,339
4,132

+6.8
+85.7
-6.2

-6.5
-6.3
-6.6

56, 680
13, 137
43, 542

51, 141
10, 626
40, 514

-9.8
-19.1
-7.0

-2. a

Babbitt metal

Consumption:
Total apparent...
Direct by producers
Sale to consumers

Arsenic
Crude:
Production
Stocks, end of month
Refined:
Production
Stocks, end of month...

thous. of lbs_.
thous. of lbs__
thous. of lbs._

4,855
830
4,025

4,605
1,442
3,162

5,497
1,008
4,489

4,792
676
4,117

short tons
short tons

1,003
1,155

1,163
1,363

972
1,009

1,472
1,422

488
2,959

419
2,538

7

4, 028

short tons
short tons.

789
1,266

765
789

986
1,346

873
1,787

560
2,648

697
2,382

7

3, 773

dozen pieces. _ 110, 909
dozen pieces
119, 724

124, 264
128, 816

133, 309
148, 148

127, 608
127, 530

135, 572
140,491

143, 038
140, 778

30, 712
31, 832

44, 632
48, 291

37, 776
44, 852

42,219
43, 060

38, 847
41, 295

102, 333
149, 555
97. 178

98,237
158, 764
92. 008

7

10, 531 +161.4
7

7, 774 +106. 0

Galvanized Sheet Metal Ware
Pails and tubs:
Production
Shipments
Production.
Shipments

dozen pieces
_ dozen pieces

Enameled Ware
Baths:
Shipments.
Stocks, end of month
New orders




48, 849
46, 357

number
110, 278 e 104, 591 6110,220 6 93, 172
number
132, 469 « 122, 529 6 120, 903 6 123, 880
number.. 108. 429 6 110. 980 6 106. 502 6 96. 352
6
Revised.

84, 831
137, 830
82. 430
7

7
7

1,053, 502 71,311,267
1,095, 018 7 1,346, 532
7
7

-9.0
+11.3
-14.4

Cumulative through Sept. 30.

-13.6
-13.2
-10.4

7
7

+24.5
+23. 0

328, 382
334, 202

-24.2
-21. 3

1,046,738

972, 764

-7.1

1. 078. 737

984. 284

-8.8

432, 998
424, 851

27

TREND OF BUSINESS MOVEMENTS—Continued
1927

PER CENT INCREASE (+) OR

1926

DECREASE (— )

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

August

September

October

Septem-

October

Oct.,
1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

98, 289
188, 277
94, 606

130, 131
210, 291
115, 797

117, 122
208, 406
109, 582

-15.0
-0.4
-19.2

114, 310
212, 464
106, 157

125, 044
257, 240
115, 973

120, 262
246, 816
110, 784

44, 866
129, 586
44, 445

55, 412
137, 971
51, 483

33, 154
97, 182

48, 278
143, 670

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER

31

Per ct.
increase
(
ort>
decrease
(-)
cumulative
1927
from
1926

1926

1927

-16.1
-9.7
-13.7

1, 204, 718

1, 085, 660

-9.9

1, 201, 063

1, 100, 833

-8.3

-1.1
-1.1
-13.6

-4.9
-13.9
-4.2

1, 193, 434

1, 133, 531

-5.0

1, 196, 176

1, 144, 912

-4.3

52, 018
135, 600
49, 027

-7.9
-2.3
-5.3

-13.7
-4.4
-9.3

524, 132

479, 919

-8.4

541, 205

471, 046

-13.0

43, 556
105, 664

-19.9
-17.0

-23.9
-8.0

5, 156, 737 4, 595* 112
1, 960, 941 1, 733, 156
2, 971, 000 2, 633, 021
224, 796
237, 935

-10.9
-11.6
-11.4
+5.8

NONFERROUS METALS-Continued
Enameled Ware— Continued
Lavatories:
Shipments
number. _ 115, 371 6 107, 330 e 122, 743 6 115, 619
Stocks, end of month
number
212, 933 6 225, 484 6 212, 651 6e 187, 515
New orders
number
112, 893 6 118, 484 6 123, 205
117,096
Sinks:
Shipments
number
121, 808 6111,214 6 127, 332 e 115, 529
Stocks, end of month
number
260, 733 6 243, 807 6 231, 248 6 214, 819
New orders. -.
number
114, 797 e 116, 786 6 127, 942 6 122, 799
Miscellaneous sanitary ware:
Shipments
number
53, 401 e 44, 644 6 52, 595 e 48, 703
Stocks, end of month
number
131, 536 6 132, 606 6 123, 954 6 132, 689
New orders
_
number
50, 421
48, 773 6 50, 943 6 46, 935
Unfilled orders, end of month:
Baths _
. _
number
42, 164
43, 613
41, 407
38, 829
Small ware
number
112, 921 6 119, 949
118, 593
117, 075
Enameled sheet-metal ware, shipments: t
Total
_
dozen pieces
292, 358
248, 893
330, 746
309, 449
Porcelain plumbing fixtures: *
Net new orders
_
pieces
24, 342
Shipments
pieces.
29, 080
Unfilled orders, end of month
pieces
58,397
Stocks on hand, finished glost, and
end of month
_
-.pieces-39, 666

18, 091
22, 738
34, 773

—25 7
—21.8
—40 5

38, 952

-1.8

Band Instruments
Shipments:
Total
Cup mouthpieces
Saxophones
Woodwind

_

__

dollars..
. dollars
dollars. _
dollars

398, 743
170, 942
208, 334
19, 467

366, 338
142, 373
204, 470
19, 495

432, 571
175, 999
237, 532
19, 040

527, 640
195, 494
306, 715
25, 431

514, 799
238, 822
247, 940
28, 037

594, 020
234, 399
325, 587
34, 034

646, 065
245, 328
367, 628
33, 109

+12.6
+19.9
+6.2
+33.8

-8.1
-4.5
-11.4
+2.8

-0.9

-3.1

Electrical Equipment
Electrical mfrs., new orders (quarterly)
2
thous. of dolls 2 235, 726
233, 521
Electrical porcelain, shipments:
Standard
dollars.. 96, 438
42, 402
62, 697
62, 536
Special
.dollars.. 134, 550 131, 293 114,467 119, 744
High tension..
dollars
44, 526
386, 174
311, 889
400, 398
Glazed nail knobs _
_ thousands t
1,864
3,358
2,361
Unglazed nail knobs..
.thousands t
2,123
635
1,165
Tubes.
thousands f
2,107
1,145
1,030
Laminated phenolic products,
shipments
_
dollars
592, 366
929, 872 1, 033, 466
636, 716
Motors:
New orders..
dollars
810, 424
706,219 820, 652
736, 679
Billings (shipments)
dollars
859, 582
776, 866
823, 940
776, 325
Power switching equipment (quarterly) :
New orders —
Indoor
single pole units
2 14, 409
2 12, 039
Outdoor
single pole units. 2 17, 407
2 16, 127
Electric hoists:
New orders—
Quantity
number..
229
285
278
300
Value
.dollars.. 128,313 105, 103 162, 594 147, 323
Shipments
_
dollars.. 129, 810
151,674
98, 020
128, 331
Welding sets, new orders: f
Single operator
__
__
units
139
137
133
118
Multiple operator ...
units
12
8
26
23
Electric overhead cranes:
Shipments
thous. of dolls..
801.
679
729
•
653
New orders
thous. of dolls
964
689
684
483
Unfilled orders, end mo
thous. of dolls. .
2,643
2,746
2,278
2,273
Outlet boxes and covers, shipments
pieces. _ 2, 285, 533 1, 936, 639 2, 645, 760 2, 228, 162
Industrial reflectors, sales
units
117,156 107, 384 120, 353 125, 802
Nonmetallic conduits, shipments thous. of ft
9,359
8,580
9,235
9,-713

2 241, 114
•

97, 335
146, 974
43, 052

101, 984
148, 970
41, 038

714, 426

-5.0

7 820, 319 7 714, 621
7 1,350, 688 71,187,642

-12.9
-12.1

77,844,074 77,143,977
77,811,112 76,967,400

-8.9
-10.8

751, 792

829, 355 1, 032, 042
937, 913
745, 783

801, 036
837, 214

2
15, 520
2 14, 970

326

-16.4
-7.4

-22.4
+7.7

37, 732
33, 066

41, 656
51, 034

+10.4
+54.3

233
128, 137
169, 245

-10.0
-22.1
-19.9

+15.9
-10.4
-28.2

3,003
1, 632, 608
1,667,612

2,798
1, 364, 881
1, 299, 028

-6.8
-14.6
-22.1

+17.0
-17.3
—6 9

-14.4
-60.4
—52.0

9,736
10, 318

7,609
6,865

-18.8
-33. 5

54, 127
1,712
4,188

+4.9

-18.7

456, 974

437, 899

-4.2

-4.6

-70.1

22, 612

14, 142

-37.5

-4.9

-58.2

270
114, 835
121, 445

153,632

764
566
2,117

1,048
1,016

863
1.429
4,406

145, 161

178, 963

173, 958

FUELS
Coal and Coke

Bituminous:
ProductionUnited States
thous. of short tons.. 36, 627
Canada
thous. of short tons..
1,443
Exports
thous of long tons
1,694
Consumption—
By vessels
thous. of long tons
357
By electric power
plants
thous. of short tons
3,229
By railroads __ thous. of short tons
7,225
By coke plantsUnited States
thous. of short tons..
6,079
Canada.
thous. of short tons
239
PricesMine average
(spot)
.dolls, per short ton..
1.85
Retail, Chicago.. .dolls, per short ton..
9.12
2
Quarter ending in month indicated.
6
Revised.
7
Cumulative through Sept. 30.




33,637
1,229
1,531

41, 705
1,314
1,278

6 41, 928

44,000

1,313

1,252
351

335

351

369

3,325
7,184

3,488
7,558

3, 502
7,661

5,993

6,034

5,897

5,995

247

219

223

231

1.86
9.09

2.07
9.16

<> 48, 559
1,414
3,737

6

739

840

3,483
6
8, 125

3,697
8,973

6,543
250

6,847
263

+1.7
+1.8

-12.4
-15.2

7 5, 348

3,450

-35.5

7 30, 174
7 73, 570

7 30, 712
7 70, 952

+1.8
-3.6

68, 646
2,433

62, 655
2,394

-9.1
-1.6

-6.2 -27.8
2.70
2.15
+2.6
8.91
-0.2
9.06
* See table on p. 27 of the November, 1927, issue for earlier data,
t See table on p. 21 of the September, 1927, issue for earlier data.
2.08
9.32

1.95
9.30

28

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

August

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

Septem-

October

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

Septem- October
ber

Oct.,
1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

1926

1927

69, 562
2,955

67, 724
2,479

-2.6
-16.2

10,706
36, 955
1,598
752

6,248
36, 749
1,646
581

-41.6
-0.6
+3.0
-22.7

628, 358

746, 549

50, 352
642, 139

46, 608
691, 552

-7.4
+7.7

15, 704

12, 731

-18.9

245, 991
26, 238
35, 365
219, 720

273, 597
31, 829
36, 500
249, 810

+11.2
+21.3
+3.2
+13.7

FUELS— Continued
Coal and Coke— Continued
Anthracite:
Production
thous. of short tons..
Exports. _ _
thous. of long tons .
PriceRetail, chestnutNew York
dolls per short ton
Coke:
Production, U. S.—
Beehive
thous. of short tons
By-product
__ thous. of short tons..
Production, Canada.. thous. of short tons..
Exports
thous. of long tons
Price, furnace, Connellsville
dolls per short ton

7,257
304

5,028
228

7,749
280

6,642
290

7,404
310

8,388
363

6 8, 617
459

+11.5
+6.9

-14.1
-32.5

13.79

13.79

13.79

14.04

14.08

14.54

14.50

+0.3

—2 9

577
3,598
166
59

467
3,658
159
58

487
3,665
169
55

457
3,602
150
76

419 ,
3,713
152
69

892
3,640
166
64

6943
6 3, 799
174
84

-8.3
+3.1
+1.3
-9.2

-55.6
-2.3
-12.6
-17.9

3.17

3.04

3.08

3.00

2.91

3.49

4.00

-3.0

-27.2

78, 333

77, 998

75, 081

77, 081

65, 782

69, 664

+2.7

-10.6

324, 930

333, 673

339, 741

345, 357

277, 988 6 277, 447

+1.7

+24.5

288, 385
36, 545

295, 643
38, 030

301, 528
38, 213

306, 803
38, 554

240, 164 6 240, 604
37, 824
36, 843

+1.7
+0.9

+27.5
+4.6

25, 301
91, 695
4,824
71, 901
1.155
1,275

23, 262
91, 965
6,261
71, 206
1.155
1,120

22, 795
92, 186
5,122
68, 789
1.198
1,056

21, 609
91, 858
4,633
72, 141
1.240
1,086

30, 494
87, 353
4,350
6 66, 420
2.050
1,745

30, 390
87, 529
3,860
6
68, 907
6
2. 050
1,962

-5.2
-0.4
-9.5
+4.9
+3.5
+2.8

-28.9
+4.9
+20.0
+4.7
-39.5
-44.6

28, 118
3,119
3,097
29, 784
39, 069
.149
.190
393, 090

28, 010
3,214
4,101
29, 779
33, 455
.149
.175
409, 904

27, 716
3,245
3,481
28, 409
29,738
.146
.170
402,027

28, 903
3,419
3,805
25, 497
29, 550
.144
.170

25, 360
2,657
e 3, 846
22, 970
33, 257
.196
.210
360, 409

26, 337
2,907
2, 687
23, 943
33, 712
.192
.210
320, 224

+4.3
+5.4
+9.3
-10.3
-0.6
-1.4
0.0

+9.7
+17.6
+41.6
+6.5
-12.3
25 0
-19.0

4,484
2,637
9,038
.070
30, 857

4,420
3,389
8,373
.068
38, 720

4,686
3,280
8,120
.068
39, 392

4,884
3,469
7,325
.073

6 5, 207
3,406
8,162
.116
35, 522

6 5, 126
3,148
8,238
.105
33, 653

+4.2
+5.8
-9.8
+7.4

-4.7
+10.2
-11.1
-30.5

33, 693

34, 098

32, 339

34, 045

30, 698

32, 444

+5.3

+4.9

4,077
474
3,756
28, 890
.900

4,470
«500
3,921
30, 346
.870

4,436
6501
4,145
31, 631
.850

4,594
503

4,330
914
4,543
26, 376
1.356

+3.6
+0.4

+6.1
-45.0

33, 191
.865

4,040
916
6 4, 205
27, 151
1.425

+4.9
+1.8

+25.8
-36.2

.253

2,672
1,811
7,496
.250

2,752
2,004
7,491
.251

2,782
1,965
7,447
.255

2,757
1,782
7,584
.253

82,645
2,023
7,149
.262

62,768
1,777
7,437
.260

-0.9
-9.3
+1.8
-0.8

347
232

335
214

340
192

333
176

333
189

309
189

323
188

95
293

90
306

95
304

98
314

102
331

95
288

44, 938
198, 808

47, 979
191, 501

41, 576
180, 645

47, 888
170. 172

49, 476
170, 367

37, 299
4,025
20, 506
5,770
4,654

55, 397
5,544
33, 495
6,973
6,245

43, 665
4,545
25, 383
6,485
4,510

36, 356
3,699
21, 561
5,700
3,195

232, 103
172, 008
38, 441
21, 654

239, 049
180, 700
36, 321
22, 028

243, 326
188, 797
33, 024
21, 506

.219
.226

.215
.212

.224
.210

Petroleum
Crude"petr oleum :
Production..
thous. of bbls.. 74, 538
Stocks, end of monthTotal (comparable)
thous of bbls
315, 702
Tank farms and pipe
lines
__thous. of bbls_. 279, 935
35, 767
Refineries
thous of bbls
CaliforniaLight
thous. of bbls
26, 898
Heavy
thous of bbls
90, 516
Imports
thous. of bbls
4,019
Consumption (run to stills). thous. of bbls. . 68, 022
Price, Kansas-Oklahoma.. .dolls, per bbl._
1.155
Oil wells completed
number. .
1,248
Gasoline:
ProductionRaw (at refineries)
thous. of bbls__ 26, 616
Natural gas (at plants) -thous. of bbls._
3,093
Exports
thous. of bbls
4,209
Consumption
thous. of bbls
27, 799
Stocks, end of month
thous. of bbls.. 43, 768
Retail av., wagon, 50 cities.. dolls, per gal._
.147
Price motor, New York
dolls, per gal_.
.190
Retail distribution, 21 States.thous. of gals.. 357, 630
Kerosene oil:
Production. _
_ thous. of bbls .
4,308
Consumption
thous of bbls
2,695
8,567
.072
33, 449

Price, 150° water white.
dolls, per gal_.
Retail distribution, 13 States.thous. of gals. .
Gas and fuel oils:
Production
thous of bbls
31, 691
C onsumption —
By vessels
thous of bbls
4,244
By electric power plants.thous. of bbls..
475
By railroads
thous. of bbls
3,732
Stocks at refineries, end mo -thous. of bbls.. 26, 590
Price Okla 24 26 refineries dolls per bbl
.906
Lubricating oil:
Production
thous. of bbls..
2,571
Consumption
thous. of bbls..
2,197
Stocks at refineries, end mo.thous. of bbls..
7,628
Asphalt: '
Production

_ thous. of short tons. _

Coke:
Production
..thous. of short tons..
Stocks, end of month, .thous. of short tons..
Wax:
Production
thous. of lbs__
Stocks end of month
thous of Ibs

6

6

+18.8

L__
7

2, 941, 140

+5.5

51,012
31, 597

46, 421
31, 262

-9.0
—1.1

7 305, 233

7 309, 867

+1.5

300, 195

326, 719

+8.8

38, 643
7,637
7 35, 937

41, 668
5,618
7 35, 605

+7.8
-26.4
-0.9

-0.4
+0.3
+2.0
-2.7

26, 870
19, 020

26, 443
18, 460

-1.6
-3.0

0.0
+7.4

+3.1
+0.5

2,492

2,867

+15.0

88
287

+4.1
+5.4

+15.9
+15.3

811

935

+15.3

49, 228
159, 779

56, Oil
167, 925

+3.3
+0.1

-11.7
+1.5

535, 162

482, 162

-9.9

29, 797
3,822
11, 537
6,713
5,634

29, 125
4,642
12, 572
6,028
3,980

-16.7
-18.6
-15.1
-12.1
-29.2

+24.8
-20.3
+71.5
-5.4
-19.7

322, 162
38, 586
131, 773
76, 576
52, 312

370, 637
37, 314
192, 134
69, 383
48, 891

+15.0
-3.3
+45.8
-9.4
-6.5

284, 326
222, 234
41, 561
20, 531

282, 936
222, 556
40, 735
19, 645

.152
.178

.161
.178

+4.0
+3.8

+44.7
+22.5

72,787,597

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
thous. of lbs._ 42, 372
Calfskins
thous. of lbs_.
4,516
Cattle hides
thous. of lbs._ 20,223
Goatskins
thous. of Ibs..
7, 507
Sheepskins
thous. of lbs._
6,801
Stocks, end of month:
Total hides and skins
thous. of lbs._ 226,274
Cattle hides
_
.thous. of lbs._ 169, 671
Calf and kip skins
thous of Ibs
35, 247
Sheep and lamb skins
thous. of lbs_. 21, 356
Prices:
Green salted, packers' heavy
Calfskins, oountrv No. 1




e Revised.

dolls, ner Ib

.195
.201

' Cumulative through Sept. 30.

.233
.218

1

* See table on p. 21 of the November, 1927, issue for earlier data.

1

29

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1926

August

September

October

September

October

Oct.,
1927,
from
Sept.,
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

Per ct.
increase
or decrease

Oct.,
1927,
from
Oct.,
1926

1926

1927

cumulative
1927
from
1926

HIDES AND LEATHER-Continued
Hides— Continued
Inspected slaughter of livestock:
United StatesCattle
.
thous. of animals
Calves
_
thous. of animals..
Swine
thous. of animals..
Sheep
thous. of animals _
CanadaCattle and calves
no. of animals
Swine
.no. of animals..
Sheep
no. of animals
Leather
Production:
Sole leather.. thous. of backs, bends, sides. .
Finished sole and belting
thous. of lbs._
Finished upper
thous. of sq. ft
Oak and union harness
stuffed sides..
Skivers .
.
doz
Unfilled orders, end of month:
Oak and union harness
sides. .
Stocks in process of tanning:
Sole and belting:
thous. of lbs_.
Upper
-thous. of sq. ft..
Stocks, end of month:
Sole and belting
._ thous. of Ibs
Upper
thous. of sq. ft..
Exports:
Sole
thous. of lbs._
UpperTotal
thous. of sq. ft_.
Cattle and calf
thous of sq ft
Patent
-thous. of sq. ft
Sheep
thous. of sq. ft..
Prices:
Sole, oak, scoured backs,
heavy, Boston
dolls, per Ib
Chrome calf, "B" grades.. dolls, per sq. ft..

799
430
4,253
1,058

743
355
3,431
1,014

838
389
3,050
1,168

828
357
2, 534
1,185

895
413
2,969
1, 194

971
408
2,616
1,224

996
446
2,976
1,167

+8.1 -10.1
+15.7 -7.4
+17.2 -0.2
+0.8 +2.3

8,346
4,308
32, C32
10, 750

7,877
4,091
35, 079
10, 719

+7.5
-0.3

98, 375
214,616
21, 058

89, 059
148, 586
33, 031

108, 610
161,474
59, 505

98, 306
173, 696
89, 020

117, 252
208, 308
137, 970

100,990
189, 275
74, 702

110, 746
216, 762
113, 389

+19.3 +5.9
+19.9 -3.9
+55.0 +21.7

883, 599
1, 973, 409
379, 628

936, 289
2, 038, 332
442, 489

+6.0
+3.3
+16.6

1, 352
25, 034
69, 866
81,340
25, 349

1,356
25, 576
60, 224
91,819
22, 337

1,393
26, 040
72, 095
94, 541
26, 296

1,337
24, 447
69, 399
6 85, 853
21, 480

1,321

1,226
23, 681
71, 678
100, 085
24, 738

-1.2

+7.7

90, 437
21, 524

1,152
21, 978
69, 090
98, 098
23, 488

+5.3
+0.2

-9.6
-13.0

11, 189
7
191,677
7 621, 222
1, 034, 605
221, 429

13, 335
7 226, 834
7 600, 761
805, 038
231, 540

+19.2
+18.3
-3.3
-22.2
+4.6

217, 119

205, 480

196, 326

215, 099

180, 301

223, 165

207, 921

-16.2

-13.3

91, 441
142, 181

88, 489
150, 216

84, 753
148, 821

81,015
144, 881

81, 721
151, 905

82, 261
147, 457

66, 315
251, 871

65, 746
248, 819

63, 571
245, 995

61,355
241, 835

85, 819
278, 719

80, 491
274, 918

6

-5.6
-5.0

819

820

753

730

800

1,180

879

-9.0

12,048

8,190

11, 004
7,932
2,478
594

11,725
7,702
3,161
862

10,470
7,375
2,216
879

10, 339
7,340
2,242
757

11, 966
7,634
3,448
884

11, 348
8,666
2,377
707

11, 750
8,787
3,126
708

+15.7 +1.8
+4.0 -13.1
+53.8 +10.3
+16.8 +24.9

115, 823
86, 004
24, 344
6,748

116, 635
82, 943
26, 771
6,921

-32.0
+0.7.
-3.6
+10.0
+2.6

.49
.48

.51
.51

.53
.51

.53
.51

.55
.51

.43
.45

.43
.45

+3.8 +27.9
0.0 +13.3

27, 775
456

6 35, 061
337

33, 790
312

376

31, 673
426

31, 662
407

+20.5

261, 700
4,700

+8.7
+0.8

6.40

6.40

6.50

6.50

6.40

6.40

0.0

+1.6

5.00

5.00

5.00

5.00

4.85

4.85

0.0

+3.1

4.00

4.00

4.00

4.00

4.00

4.00

0.0

0.0
7 7, 398

+19.7

7 1,894,001 7 1,961,801

+3.6
+18.7
+7.9
-3.6

Leather Products
Shoes:
Production
thous. of pairs
27, 497
Exports.
thous. of pairs..
591
Wholesale pricesMen's black calf
blucher, Mass .
dolls, per pair
6.40
Men's dress welt, tan
calf, St. Louis
dolls per pair
4.90
Women's black kid, dress
welt, lace, oxford
dolls, per pair
4.00
Gloves:
Glove leatherProduction
. thous . of skins
837
Stocks (tanned)—
In process
thous. of skins
1,627
Finished
thous. of skins
2,748
Gloves, cutTotal
_
dozen pairs.. 223, 177
Dress and streetImported leather
dozen pairs
62, 219
Domestic leather .. dozen pairs
37, 737
Work gloves
dozen pairs
123, 221

753

898

882

666

684

1,639
2,848

1,589
2,636

1,494
2,614

1,789
2,656

1,818
2,599

213, 773

241, 652

229, 999

218, 191

229, 798

57, 887
30,720
125, 166

64, 010
41, 669
135, 973

60, 851
38, 132
131, 016

56, 406
33, 805
127, 880

56, 087
34, 837
138, 874

6 41, 938
37, 677

e 50, 535
32, 810

47, 933
33, 301

55, 363
37, 112

58, 401
29, 334

+9.6

-7.6

7 240, 678
4,663

7

7 6, 180

7

454, 631 7 539, 656
7 301, 087
7 324, 960
7
1,138,272 7 1,097,285

RUBBER
Crude Rubber
World shipments
Imports (including latex)
Consumption (quarterly) :
Total
For tires
._
Stocks, end of quarter:
Total
Manufacturers
Dealers
Afloat
Stocks, end of month:
United Kingdom
Plantation, afloat _
Consumption by tire mfrs
Wholesale price, Para, N. Y

long tons
long tons

49, 459
33, 045

long tons
long tons

2
2

94, 983
82, 648

2
2

82, 073
69 369

2
2

long tons
long tons
long tons
long tons

22 84, 811
71, 776
2
13, 035
2
45, 169

2
2
2
2

90 861
72, 589
17 872
36, 006

2
2
2
2

long tons
long tons
thous. of lbs_.
dolls per Ib

66, 887
66, 300
48, 778
.278

66, 776
58, 800
41,209
.255

67, 836
63, 000
45, 706
.243

62, 400
37, 341
.230

3,835
8,522

4,334
8,070

4,316
180

4,666
144

30, 184

+2.9

7 446, 666
336, 291

7

-9.4

448, 693
356, 929

86, 290
75, 142

13 6
-16.1

-4.9
-7.7

77 253, 187
216, 765

7
7

268, 335
176, 328

58, 883
45, 121
13, 762
39, 815

+7.1 +54.3
+1.1 +60.9
+37.1 +29.9
-20.3 -9.6

36, 880
67, 400
48, 168
.340

43, 996
71, 340
43, 137
.333

3,638
7,325

4,286
7,001

4,168
136

4,452
84

.249

----

+0.5
+6.1
+6.0
-18.7

-

7 401, 053

7 411, 366

+2.6

3,833
7,454

7 35, 576

7 38, 148

+7.2

3,318
89

7 33, 764
7794

7 36, 656
7
1, 561

+8.6
+96.6

+8.3 -25.2

Tires and Tubes
Pneumatic tires:
Production
thousands
4,678
Stocks, end of month
thousands.
9,369
ShipmentsDomestic
thousands..
4,487
Export
thousands..
222
2
Quarter ending in month indicated.



e vised.

* Cumulative through Sept. 30.

30

TREND OF BUSINESS MOVEMENTS—Continued
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

PER CENT INCREASE (+) OR

1926

DECREASE (— )

The cumulatives shown are through
October, except where otherwise noted.

Earlier data for items shown here may
be found on pages 23 to 133 of the

August, 1927, "Survey"

Oct.,
August

Septem-

3,971
12, 028

4,871
11, 023

5,024
108

5,205
104

thousands. .
thousands--

62
186

thousands _.
thousands. _

50
6

1927,

Oct.,
1927,
from
Oct.,
1926

Per ct.
increase
or de^
crease
(-)
cumulative
1927
from
1926

September

October

4,247
10, 162

5,698
11, 497

4,665
11, 970

7 45, 245

7 41, 553

-8.2

5,898
96

4,973
103

5,755
69

4,046
61

7 4 '1,878
7593

7 42, 995
884

+2.7
+49.1

48
180

49
183

36
173

44
168

45
159

7 < 442

7471

+6.6

43
5

45
5

42
4

52
4

51
5

'375
742

7409
752

+9.1
+23.8

June

July

thousands-thousands--

4,742
13, 419

thousands-thousands..

ber

October

from
Sept.,
1927

1926

1927

RUBBER— Continued
Tires and Tubes— Continued
Inner tubes:
Production.
_.
Stocks, end of month
Shipments—
Domestic..
Export
Solid tires:
Production
Stocks, end of month
Shipments—
Domestic .
Export.

Other Rubber Products
Reclaimed, rubber (quarterly) :
Production
._ ..
longtons.. 2 41, 197
Stocks, end of quarter
__long tons.. 2 19, 287
Scrap rubber (quarterly):
Stocks at reclaimers.
-long tons.. 2 58, 331
Consumption by reclaimers
long tons.. 2 52, 059
Rubber-proofed fabrics:
Production —
Total
thous. of yds_1,865
Auto fabrics.
thous. of yds..
768
Clothing fabrics
-thous. of yds_.
1,573
Rubber heels:
Production
thous. of pairs..
16, 341
Shipments—
To shoe manufacturers.thous. of pairs. .
8,833
To repair trade.
thous. of pairs..
9,303
Stocks, end of month
thous. of pairs..
45, 453

2
2

39, 449
17, 812

2
2

40, 020
13, 758

-4.3
-7.6

-1.4
+29.5

2
2

55, 547
50, 495

2
2

66, 908
52, 068

-4.8
-3.0

-17.0
-3.0

2,160
712
2,047

2,475
802
2,723

2,607
756
3,123

3,964
804
2,652

3,538
962
2,987

15, 907

18, 363

18,452

16, 349

18, 513

9,598
6,936
41, 056

10, 624
8,676
38, 849

8,882
8,170
38, 696

9,785
9,429
45, 433

9,777
9,556
44, 105

7 122, 953

7

126, 193

+2.6

7

7

160, 857

+1.9

157, 887

7

7 20, 072
7 6, 100
7 9, 517
7 132, 099
7

76, 925
748,009

20, 028
7
7, 227
7 15, 025

-0.2
+18.5
+57.9

7139,398

+5.5

7 72, 990
61, 050

-5.1
+27.2

7

PAPER AND PRINTING
Wood Pulp
Mechanical:
Production
.-. _.
short tons..
Consumption and ship men ts___ short tons..
Stocks, end of month
short tons..
Im ports
short tons
Chemical:
Production
short tons..
Consurnption an \ shipments.. .short t«>ns_.
Stocks. end of month..
.short tons..
Imports
short tons
Price, sulphite
dolls, per 100 Ibs.

130, 158
135, 689
233, 231
20, 275

108, 322
127, 623
218,795
13, 344

102. 995 6 92, 195
136, 569 6120,497
185, 222 6 156, 574
18, 596
28, 389

121, 168
130, 997
146, 745
21, 190

135,003
147, 025
186, 760
31,771

167, 597
162, 812
193, 040
39, 123

+31.4
+8.7
-6.3
-25.4

-27.7
-19.5
-24.0
-45.8

1, 537, 456
1,537,330
253,056

193, 630

-23.5

214, 816
215, 020
39,086
109, 700
2.60

198,988
220,138 « 209, 776
193, 068 6 220. 162 6211,744
40, 278
40, 254
38, 286
117, 734
119, 121
119, 970
2.60
2.60
2.60

215, 508
214,580
39, 232
133, 170
2.53

218, 466
219, 788
44, 012
104, 964
2.75

235, 848
237, 560
42, 130
121, 806
2.75

+2.7
+1.3
+2.5
+11.0
-2.7

-8.6
-9.7
-6.9
+9.3
-8.0

2, 226, 862
2, 235, 140

2, 164, 704
2, 162, 386

-2.8
-3.3

1, 157, 702

1, 139, 452

-1.6

125, 837
171, 586
169, 536

118, 929
162. 564
157,325

127, 129
180, 175
154, 167

114, 735
178,815
169, 286

114, 675
191, 171

135, 848
161,387
163, C89

142, 482
168, 500
186, 860

-.1
+6.9

-19.5
+1.3. 5

1, 250, 775
1,710,394
1, 523, 938

-10.8
+10.4
+5.2

122, 930
168, 951
161,473

119,840
159, 843
159, 686

124, 402
180. 666
167, 475

114,325
177.195
168, 630

118,371
188, 769
173, 540

136, 963
162, 740
139, 720

145,818
168, 821
172, 603

+3.5
+6.5
+2.9

-18.8
+11.8
+.5

1,400,513
1, 545, 689
1, 511, 603

1, 236, 757
1, 688, 895
1, 615, 928

-11.7
+9.3
+6.9

1,119
159, 495

983
140, 543

1,215
163, 115

704
168, 855

739
159, 284

1,413
143, 524

1,403
159, 509

+5.0
-5.7

-47.3
-.1

17, 163
1, 421, 849

11, 029
1, 532, 695

-35.7
+7.8

26, 549
28,851
196, 860
40, 7S4
3.30

27, 764
32, 282
205. 967
40, 476
3.30

30.335
31,743
231,992
40, 916
3.30

30, 751
33, 384
225,310
45, 570
3,30

27, 939
35, 774

18, 026
14, 681
170. 543
36, 863
3.50

14, 633
14, 942
161,917
43, 359
3.50

-9.1 +90.9
+7.2 +139. 4

588
93

723
105

626
129

830
89

805
135

920
187

7 5, 877
7 1,189

7
6, 360
71,007

+8.2
-15.3

11,790
12, 707
99

12, 231
8,870
90

12, 739
13, 446
93

12, 277
12, 387
99

13, 851
12, 898

12, 682
12, 096
102

11,719
12, 814
103

121, 622
118, 672

122, 802
117, 152

+1.0
-1.3

thous of inch hours
8,200
per ct. of rapacity..
78.9
short tons
213. 196
..short tons.. 212. 227
short tons.,] 52, 452
?
Quarter ending in month indicated,
e Revised.

7,413
74.2
189,875
212.434
49, 519

8,886
82.3
232, 723
227, 397
52, 283

8,675
86.8"
225, 633
235, 960
49, 161

8,902
85.6
227, 149
221,548
42, 026

9,312
93.1
230, 050
219, 850
62, 669

9,659
-7.8
+2.6
88,156
80, 817
92.9
-1.4
-7.9
226,180
+.7
+.4 2, 145, 987 2, 075, 601
224, 829
-6.1
-1.5 2, 128, 827 2,107,828
55, 650 -14.5
-24.5
7 Cumulative through Sept. 30.
* See table on p. 25 of the November, 1927, issue for earlier data.

-8.3

1, 318, 938
1,372,567

-14.2
-10.7

Newsprint Paper
Production:
United States _ _
short tons _
Canada
short tons..
Consumption by publishers
short tons..
Shipments:
Unite 1 States.
short tons..
Canada
.
.short tons .
Imports
_
short tons
Exports:
Unitel States
short tons..
Canada
short tons
Stocks, en 1 of month:
At mill-Unite 1 States
short tons..
Canada.
_
short tons..
At publishers
short tons..
In transit to publishers
short tons..
Price, roll, f. o. b. mill
dolls, per lOOlbs..

3.30

.0

7

1, 401, 988
1, 549, 222
1, 448, 660

7

-15.7

Printing
Book publication:
American manufacture
no. of titles
Imported
no. of titles..
Sales books:
New orders
_
thous of books
Shipments
thous of books
Printing activity*
weighted index number..

+12.8
+4.1

+18.2
+.7

Box Board
Operation
Operation
Production
New orders
Stocks, end of month. __




-3.3
-1.0

31
TREND OF BUSINESS MOVEMENTS—Continued
1937

PER CENT INCREASE (+) OR

1926

DECREASE (— )

The cumulatfves shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

Oct.,
1927,

Oct.,
1927,
from
Oct.,
1926

June

July

August

September

October

Septem-

ber

October

from
Sept.,
1927

151, 671
43, 807
94, 847
205, 537
210, 320

151,094
51,520
115,097
180, 822
194, 131

130, 503
72, 087
112, 763
227, 430
229, 719

127, 649
53, 875
120, 331
216, 101
228, 393

130, 647
65, 308
105, 600
220, 974
228,222

120, 087
70,311
102, 027
212, 608
227, 824

142,830
59. 076
93, 263
216, 871
233, 593

-8.5
+2.3
+21.2 +10.5
-12.2 +13.2
+2.3 +1.9
-.1 -2.3

2,372

2,218

2,112

2,461

2,915

3,534

110, 856
72, 101

100,879
73, 543

112, 984
75, 749

106, 205
75, 749

109, 391
74,234

110, 829
67, 073

113,046
62,378

+3.0
-2.0

•-3.2
+19.0

94
94
76
8

88
83
79
9

84
83
70
7

75
77
76
7

83
77
76
8

90
89
85
9

92
94
85
8

+10.7
.0
.0
+14.3

-9.8
-18.1
-10.6
.0

87
82
68
8

80
80
77
8

88
78
76
8

85
78
•82
9

87
78
85
9

96
95
88
12

99
100
99
13

+2.4
.0
+3.7
.0

-12.1
-22.0
-14.1
-30.8

88, 818
74,532

85, 305
76, 796

94, 193
78, 626

6 89, 696
6 81, 737

93, 205
81, 896

90,432
64, 444

95,384
67, 914

+3.9
+.2

37,635
51, G95

33, 360
48, 801

37. 098
50, 199

37, 329
50, 756

38, 833
50, 899

36, 751
53, 843

37, 756
51, 609

100, 515
73, 897

90, 382
72, 738

103, 623 6 101, 157
74, 302 e 73, 340

103, 066
72, 508

103, 174
75, 215

676, 857
351, 226

618, 730
349, 161

707, 750 6 674, 755
361, 494 6361,494

686, 319
349, 502

360, 888
290, 546
70, 342

383, 565
308, 585
74, 980

400, 806
317, 529
83, 277

386, 039
308, 585
77,454

67
68
64

68
69
66

72
76
82

80
79
84

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

Per ct.
increase
( )

or tdecrease
(-)
cumulative
1927
from
1926

1936

1927

2, 060, 345
2, 138, 122

1, 987, 622
2, 083, 447

-3.5
-2.6

728,473

7 22, 809

-19.9

1, 113, 260

1, 109, 509

-.3

-2.3
+20.6

893,380

905, 223

+1.3

+4.0
+.3

+2.9
-1.4

385, 348

371, 935

-3.5

109, 903
68, 908

+1.9
-1.1

-6.2
+5.2

1, 031, 711

1,001,435

-2.9

707, 084
341, 270

724, 751
321, 092

+1.7
-3.3

-5.3
+8.8

6, 971, 674

6,714,478

-3.7

427, 263
348, 835
78, 428

441, 372
354, 798
86, 574

476, 543
386, 104
90,439

+10.7
+13.0
+.1.3

-10.3
-9.7
-13.3

4, 067, 322
3, 217, 040
850, 282

3, 982, 382
3, 191, 543
790, 839

-2.1
-.8
-7.0

85
85
83

81
83
76

87
89
81

+6.3
+7.6
—1.2

-2.3
-4.5
+2.5
7
10,415,887 710,160,583
72,833,494 7 2,725, 341

-2.5
-3.8

PAPER AND PRINTING— Continued
Box Board— Continued
Stocks of waste paper, end of month:
On ban I
tons
In transit and unshipped pur chases, .tons..
Unfilled orders, end of month.
short tons..
Consumption of waste paper
short tons
Shipments
- - - .short tons
Binders' Board f
Production

short tons
Book Paper

Book paper, total:
Production
.
. short tonsStocks end of month
short tons
Coated book paper:
Production
per ct. of normal
Shipments. ..per ct. of normal production,.
New orders ..per ct. of normal production..
Unfilled orders, end of month
days..
Uncoated book paper:
Pro luction
_ per ct. of normal
Shipments. ..per ct. of normal production..
New orders ..per ct. of normal production..
Unfilled orders, end of month
days..
Other Paper
Wrapping paper:
. Production
short tons..
Stocks, end of month
short tons
Fine paper:
Production
__
short tons
Stocks end of month
short tons
All other grades:
Production
short tons _
Stocks end of month
short tons
Total paper (inc. newsprint and box board):
Production
short tons
Stocks end of month
short tons
Paper-board Shipping Boxes
Production:
Total
Corrugated. __
Solid
fiber.
Operating activity:
Total
Corrugated
Solid
fiber
Paper boxes:
Shipments
Payroll

__.thous. of sq. ft..
__ thous. of sq. ft
thous. of sq. ft._
per cent of normal
per cent of normal
per cent of normal

dollars. .1, 128, 282 1,018,079 1,214,888 1, 375, 977
dollars-- 297, 607
317,485
276, 569
340, 692

1, 435, 729 1, 641, 956
350, 216
390, 361

Other Paper Products
Abrasive paper and cloth:
Domestic shipments
reams. _
Foreign shipments
reams..
Labels:
New orders _.
_ .per ct. of capacity
BUILDING

81,917
15, 877

77, 655
16, 522

89, 622
13, 584

85, 379
14, 361

124.1

66.1

79.0

77.7

10, 980
4,526
154, 694

10, 449
4,013
150, 492

11, 820
8,347
146, 345

13, 425
7,800
140, 441

187
188

184
187

85, 155
18, 389

-.3
+28.0

-5.2
+40.1

882, 573
132, 391

848, 990
160, 170

-3.8
+21.0

18, 162
7,273
158, 217

-1.3
-14.0
+6.6

-27.1
—7.7
-5.4

168, 828
53, 794
1, 559, 792

120, 999
53, 389
1, 479, 232

-28.3
-0.8
-5.2

192
192

-1.6
-1.1

-5.7
-3.6

93, 804
10, 896

89, 802
13, 123

65.4

68.9

13, 248
6,711
149, 667

18, 171
8,169
146, 717

181
185

194
193

CONSTRUCTION AND
HOUSING

Rental advertisements:
Portland, Oreg
Minneapolis, Minn
Real estate conveyances (41 cities)

number..
number
number--

Building Costs (Index Numbers)
Building materials:
Frame house, 6-room, 1st of month
190
Brick house 6-room 1st of month
189
Concrete factory costs (Aberthaw), 1st of following month
192
Building costs (Engineering News Record),
1st of following month
204
Building costs ( \ G C )
200
Building volume (A. G. C.)
index number-212
Construction index:
204
Frame
index number
Brick, wood frame
.
index number
213
Brick, steel frame
index number-196
200
Reinforced concrete
index number..
8
r
Revised.
Cumulative through




190
189
192

192

191

191

197

197

0.0

-3.0

206
199
221

204
199
238

204
201
236

202
201
222

210
196
221

211
195
200

-1.0
0.0
-5.9

-4.3
+3.1
+11.0

205
214
197
200

205
214
197
200

205
215
197
200

Sept. 30.

+0.5
0.0
0.0 +0.9
-0.5
-1.0
+0.5
0.0
t See table on p. 27 of the November, 1927, issue for earlier data.
205
215
196
201

203
213
197
200

204
213
198
201

32

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

PEE CENT INCREASE (+) OR
DECREASE (— )

1926

Oct.,

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

Perct.
in-,
crease

1926

1927

or de^
crease
(-)
cumulative
1927
from
1926

September

October

September

October

from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

10, 880
5,839
39, 354
5,784

9,723
5,453
38, 046
4,114

11, 821
5,544
45, 608
4,103

14, 171
6,290
40, 183
4,588

11, 141
6,613
41,814
3,404

+21.6
+1.7
+19.9
-0.3

+6.1
-16.2
+9.1
+20.5

122, 024
66, 236
420, 204
44, 834

115, 610
57, 307
394, 528
45, 004

-5.3
-13.5
-6.1
+0.4

6,465
65, 182

7,310
69, 863

6,810
64, 858

6,393
73, 765

6,303
71, 897

5,768
69, 316

-6.1
+13.7

+10.8
+6.4

55, 380
713, 355

64, 577
684, 944

+16.6
-4.0

82, 543
32, 985
233, 193
40, 568

81, 130
29, 043
180, 840
35, 006

73, 698
40, 047
201, 743
40, 144

56, 938
48, 052
196, 501
28, 344

77, 726
50, 370
236, 870
29, 699

95, 352
48, 836
219, 910
32, 953

61,219
45, 740
218, 982
23, 076

+ 36. 5 +27.0
+4.8 +10.1
+20.5
+8.2
+4.8 +28. 7

754, 065
565, 415
2, 156, 539
311, 613

769, 993
398, 473
2, 079, 833
315, 672

+2.1
-29.5
-3.6
+1.3

75, 479
147, 343
612, 111
52, 229

52, 326
135, 581
513, 926
50, 881

61, 951
117,053
534, 639
29, 881

52, 742
123, 254
505, 830
32, 788

48, 555
105, 932
549,152
47, 135

56, 825
90, 652
544, 528
20, 760

49, 837
100, 512
499, 366
43, 384

-7.9
-14.1
+8.6
+43.8

-2.6
+5.4
+10.0
+8.6

470, 024
900, 534
5, 109, 187
324, 249

557, 952
1, 052, 342
5, 176, 276
352, 009

+18.7
+16.9
+1.3
+8.6

25, 481

24, 249

24,300

21, 875

22, 327

19, 309

• 14, 877

+2.1

+50.1

322, 528

269, 670

-16.4

-4.1
-6.4
-6.1
-0.3
+0.8
-36.9
+1.3

-0.6
-2.3
+5.2
+13.8
-1.0
-30.2
-12.8

4, 509, 989
4, 659, 711
4, 649, 513

4, 314, 488
4, 297, 727
4, 406, 688

3
-4.3
-7.8
-5.2

475, 355
19, 879

614, 961
3,252

+29.4
-83.6

-4.4
-.6
-.4
-5.2
-4.9
-9.3
-23.8 +123. 6
-76.1 -52.6
-7.4 -11.6

5, 398, 631
5, 494, 872
5, 523, 075
583, 524
453, 280

5, 037, 381
5, 079, 909
5, 087, 518
572. 784
425, 684

-6.7
-7.6
-7.9
-1.8
-6.1

-6.7
+10.4
+4.9

June

July

12, 395
5,541
42, 038
5,374

12, 485
5,484
34, 803
5,207

8,465
75, 231

August

1927,

BUILDING CONSTRUCTION AND
HOUSING— Continued
Building Contracts and Losses
Contracts awarded (36 States) :
Commercial buildings
thous. of sq. ft..
Industrial buildings
thous. of sq. ft..
Residential buildings
thous. of sq. ft..
Educational buildings
thous. of sq. ft..
Other public and semipublic buildings .
thous. of sq. ft
Grand total
thous. of sq. ft
Contracts awarded, value (36 States) :
Commercial buildings..
thous. of dolls..
Industrial buildings
thous. of dolls..
Residential buildings
thous. of dolls..
Educational buildings
thous. of dolls
Other public and semipublic buildings
thous. of dolls
Public works and utilities. .thous. of dolls ..
Grand total
thous. of dolls .
Contracts awarded, Canada
thous. of dolls..
Fire losses:
United States and Canada.thous. of dolls. _
LUMBER PRODUCTS
Softwood Lumber
Southern pine:
457, 587
413, 634
Production (computed)
M ft. b. m__ 426, 123
455, 796
448, 293
438, 708
441, 419
477, 046
399, 064
473, 029
• Shipments (computed). _.
M ft. b. m__ 405, 744
446, 696
458, 749
457, 297
483, 097
487, 599
388, 511
New orders (computed)
M ft. b. m__ 407, 970
453, 811
445, 502
431, 254
Stocks, end of mo. (computed).M ft. b. m._ 1, 208, 417 1, 255, 002 1, 220, 663 1, 193, 268 1, 190, 112 1, 052, 000 1, 045, 688
73, 035
72, 334
48, 260
Exports lumber
JV1 ft. b. m
66, 790
41, 951
48, 637
49, 122
131
179
498
Exports timber
M ft. b. m
210
113
71
162
37.49
38.96
38.31
Price
flooring
dolls, per M ft. b. m__
37.68
37.98
42.88
43.54
Douglas
fir:
,,„.*,
542, 102
529, 120
468, 240
Production
M ft. b. m._ 510, 319
525, 091
538, 968
564, 036
492, 860
499, 575
521, 958
Shipments (computed)
M ft. b. m._ 551, 950
491, 070
512, 556
517, 928
502, 709
487, 936
489, 727
519, 719
464, 211
New orders
_ _ M ft. b. m_
528, 224
511, 661
68, 544
73, 717
65, 121
52, 837
Exports, lumber ._
M ft. b. m__
56, 204
67, 380
25, 137
64,
781
47, 495
58, 441
48, 864
Exports timber
M ft. b. m_
50,
983
15,
498
32, 708
6
16.34
16. 39
16.51
Price, No. 1 eommon_.dolls. per M ft. b. m_.
16.51
16.49
15.17
17.16
Price,flooring,1 x 4 , "B" and
35.83
35.77
35.83
35.88
better, V. G
-M ft. b. m_.
38.23
37.91
35.47
California redwood:
42, 343
37, 802
35, 177
Production (computed).
M ft. b. m_.
53, 977
35, 749
43, 142
40, 463
41, 418
41, 970
Shipments (computed)
M ft. b. m..
53, 022
36, 055
42, 676
33, 639
39, 742
39, 680
51, 766
New orders (computed)
M ft. b. m__
42, 373
35, 147
36, 492
33, 516
49, 886
California white pine:
150, 088
150, 098
139, 651
159, 670
138, 768
Production
M ft. b. m
122, 029
160, 740
119, 652
122, 064
109, 760
Shipments
-M ft. b. m__ 115, 056
123, 538
126, 708
109, 915
629,
284
551, 687
659, 171
679, 154
567, 809
603, 451
Stocks end of month
M ft b. m
623, 671
Western pine:
6
156, 524
169, 338 6 145, 101
157, 977
130, 127
153, 716
Production (computed)
M ft. b. m _ _ 172, 088
150, 768
132, 122
175, 618
162, 282
150, 979
155, 920
Shipments (computed)
M ft, b. m__ 144, 557
61,089,500
1,
050,
042
1,
073,
739
1,
095,
370
1,
078,
413
1,
154, 950 1, 150, 089
Stocks end of mo (computed) 1VI ft. b. m
North Carolina pine:
52, 129
47, 649
53, 711
53, 781
57, 295
48, 524
50, 190
Production (computed)
M ft. b. m__
52, 234
50, 001
52, 934
47, 670
54, 019
48, 727
56, 133
Shipments (computed)
M ft. b. m..
Northern pine:
Lumber46, 852
55, 502
46, 359
Production
M ft. b. m__
51, 054
41, 148
40, 859
52, 296
39, 195
45, 188
42, 501
48, 323
40, 433
Shipments
M ft. b. m_.
39, 175
50, 396
32, 098
35, 045
39, 203
New orders
M ft. b. m_.
36, 884
33, 698
46, 204
41, 460
Lath—
11, 979
9,034
14, 272
13, 050
13, 090
Production
thousands. . 15, 722
10, 029
11,819
14, 758
7,941
9,846
15, 229
15, 612
9,796
Shipments
thousands. _
Northern hemlock:
14, 277
14, 899
21, 369
23, 219
15, 024
15, 395
Production
M ft. b. m_.
19, 187
24,772
21, 324
22, 109
19, 500
22, 693
Shipments
M ft. b. m__
BH . h. .
Hardwood Lumber
> £••
1
Walnut lumber:
3,000
3,314
2,921
2,640
2,320
3,127
2,967
Production
M ft. b. m_.
2,798
2,967
2,806
2,987
2,661
3,127
3,688
Shipments
M ft. b. m_
11, 796
13, 930
12, 503
11, 063
11,436
11, 498
11, 739
Stocks end of month
M ft b m
3,046
2,461
3,547
2,654
2,335
2,920
3,060
New orders..
M ft. b. m__
7,364
6,982
7,521
8,249
7, 522
8,498
8,061
Unfilled orders, end of month.. M ft. b. m__
Walnut logs:
3,773
2,549
1,991
1,833
3,083
3,308
Purchased
M ft. log measure. . 3,184
Made into lumber and
2,995
2,814
2,619
2,143
2,883
2,583
veneer
M ft. log measure. _
2,937
3,465
1,941
2,237
3,687
3,166
3,316
Stocks, end of month... M ft. log measure. . 3,083
Northern hardwoods:
18, 536
13, 034
27, 939
27, 077
15, 653
21, 879
Production
M ft b m
26, 475
29, 247
29, 825
15, 399
28, 347
29, 750
Shipments
M ft. b. m
Total hardwoods:
Stocks, end of month884, 608
853, 948
893, 104
843, 886
873, 696
758, 206
801, 223
Total hardwoods
M ft b. m
224, 008
222, 502
221, 167
231,300
237, 395
212,043
196, 277
Gum
IV! ft b m
Onlr
M ft. h. m
270. 2fifi
284. 908
308. 723
313.817
318. 944
301. 830
301. 135




6

Revised.

-1.0

-6.4

+1.9
+3.0
-8.0

+6.6
+7.4
-26.8

427, 151
398, 820
430, 180

398, 360
440, 131
451, 144

-18.7
+3.2
-0.9

-12.1
+12.4
-5.4

1,302,498
1,182,220

1, 038, 216
1, 051, 587

-20.3
-11.0

-10.3
+3.4
-1.0

-15.3
-3.9
-6.2

1, 515, 321
1, 539, 073

1, 355, 110
1, 412, 807

-10.6
-8.2

+9.9
+7.5

+6.7
+3.9

494, 844
494, 179

512, 190
514, 997

+3.5
+4.2

-12.2
-.1
+5.0

-21.3
-22.3
-18.7

434, 902
474, 390
443, 097

429, 325
394, 183
361, 419

-1.3
-16.9
-18.4

-24.6
-32.8

-30.8
-18.9

114, 223
119, 805

108, 278
110, 599

-5.2
-7.7

7 165, 599
7 178, 425

7 158, 515
7 185, 885

-4.3
+4.2

-2.6
+6.0
-.5
-23.3
-5.2

+25.9
-19.5
-6.1
-20.0
-7.2

27, 784
32, 830

28, 935
29,396

+4.1
-10.5

32, 215

29, 497

-8.4

-32.4

+39.1

25, 394

29, 038

+14.3

-6.0
-8.6

+31.3
+63.1

24, 561

26, 051

+6.1

7 295, 572
257, 652

-7.6
+1.3

+2.3
+2.6
+1.6
7 Cumulative through Sept. 30.

7 319, 765
7 254, 373

-1.2
+6.0
+5.9

7

33

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cuniula fives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

|

August | *&*

September

October

PER CENT INCREASE (+) OR
DECREASE (— )

1926

October

Oct.,
1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER

Per ct.
increase
(

-y

31

or decrease
(-)
cumulative
1927
from
1926

1927

1926

|

LUMBER PRODUCTS—Continued
Hardwood lumber—Continued
Total hardwoods— Continued.
Unsold stocksTotal hardwoods
Gum
Oak
Unfilled orders—
Total hardwoods
Gum
Oak
All hardwoods:
Production (computed)
Shipments (computed)
New orders (computed)

M ft. b. m. 591, 505
M ft. b. in.. 147, 245
M ft. b. m
212, 383

633 359
164, 185
222 997

664, 677
170, 437
242, 208

683 762
179, 246
257 604

697, 288
180, 899
259, 794

685, 439
163, 108
230, 752

673, 856
164, 309
227, 982

+2.0
+0.9
+0.9

+3.5
+10.1
+14.0

M ft. b. m
M ft b m
M ft. b. in__

197, 092
61 124
63, 934

196 905
61 634
67, 836

210, 432
66 409
72, 736

196 757
64 384
62, Oil

204 701
68 494
65,499

233, 189
69, 822
76, 661

242, 254
73, 184
82, 185

+4.0
+6.4
+5.6

-15.5
-6.4
-20.3

M ft. b. m._
M ft. b. m_.
M ft. b. in__

69, 000
80, 000
68, 000

77, 000
73, 000
71, 000

94, 000
79,000
85, 000

93, 000
82, 000
86, 000

94, 000
93, 000
105, 000

93, 000
101, 000
100, 000

-3.1
0.0
+1.2

0.0
-18.8
-14.0

801, OCO
840, COO
856, 000

-9.3
-6.2
-7.7

Production, 10 species
M ft. b. m__ 2, 411, 509 2 283,442 62,576,986 62,487,733 2, 397, 757 2, 491, 837 2, 468, 949
Exports planks joists etc
M ft b. m
191 145
188 579
213 464
191 764
171 074
163, 301
121, 116
Retail yards, Minneapolis district:
Sales
M f t b. m
19 997
16 618
16 247
18 154
14 435
13, 380 « 16, 050
Stocks end of month
M ft. b. m
102 260
87 656
83, 863 « 78, 477
103, 713
86 248
80 397
Composite lumber prices:
Hardwoods
dolls, per M ft. b. m__
42.47
40.02
42.59
42.40
41.64
40.96
40.93
Softwoods
dolls, per M ft. b. m_30.65
29.49
29 74
31.77
30.57
29.90
30.28

-3.6
-9.3

-2.9 25, 131, 692 23, 571, 825
+41.2 1, 610, 220 1,823,041

-6.2
+13.2

6
8

96, 000
82, 000
e 85, 000

883, 000
896, 000
927, 000

Total Lumber

+12.6
-6.8

+1.2
+2.4

-3.9
+6.8

-2.2
+4.9

147, 710

136, 898

-7.3

95, 932
98, 877

96, 932
97, 239

+1.0
-1.7

87, 197

73, 939

-15.2

Flooring
Maple flooring:
Production
M ft. b. m__
Shipments
M ft. b. m .
Stocks end of month
M ft b m
New orders
M ft. b. m..
Unfilled orders, end of month.. M ft. b. m._
Oak flooring:
Production
.
M ft. b. m._
Shipments
M ft. b. m._
Stocks, end of month
M ft. b. m_
New orders
M! ft b m
Unfilled orders, end of month. _M ft. b. m__

10, 101
11, 526
25 061
5,310
11, 634

9,691
9 536
26 146
4,044
9,083

11, 557
10 939
26 338
7,344
11, 027

10, 283
9 843
25 921
7,748
9,619

10, 558
8,124
26 837
7,493
8,202

12, 034
13, 194
31, 131
9,720
9,606

11, 616
11, 961
31,314
7,115
8,580

+2.7
-17.5
+3.5
-3.3
-14.7

-9.1
-32.1
-14.3
+5.3
-4.4

42, 522
37, 132
58, 276
22 707
37, 983

38, 435
30, 155
66, 102
21 699
29, 773

40, 426
38, 932
66, 253
36 139
27, 036

39, 498
38, 084
66, 416
37 430
25, 127

38, 540
38, 349
67, 244
35 716
22, 764

47, 201
47, 270
53, 469
41, 777
39, 237

45, 056
42, 859
55, 273
37, 767
35, 578

-2.4
+0.7
+1.2
-4.6
-9.4

-14.5
-10.5
+21.7
-5.4
-36.0

455, 535
438, 074

386, 231
382, 045

-15.2
-12.8

413, 909

369, 117

-10.8

53
29
17

55
25
23

53
25
27

50
30
29

65
34
31

62
33
31

43
7.5
96.5

50
10.5
89.0

55
9.0
98.0

58
7.5
99.0

60
7.5
100.0

61
13.5
102. 0

6,507

6,273

9,597

10, 988

14, 395

15, 524

16, 891

+31.0

-14.8

112,608

87, 744

-22.1

1,578

1,517

2,773

3,884

5,331

6,651

8,649

+37.3

-38.4

6,860
8,596

6,322
8,191

8,342
10, 879

9,863
12, 469

12, 935
17, 401

12, 061
16, 600

14, 716
18, 709

+31.1
+39. 6

-12.1
-7.0

104, 171
127, 712

83, 175
107, 272

-20.2
-16.0

2,577
2,519

2,251
2,134

2,890
2,616

3,415
3,310

4, 121
3, 893

3, 882
3,786

7 32, 552
? 35, 558

7 27, 377
7 24, 797

-15.9
-30.3

3,197

3,059

3,162

3,767

4,672

4,807

90
85

83
116

122
162

112
105

251
220

184
111

-9.8
-24. 8

-45,1
-28.8

1,996

979

1, 403, 392
862, 800
895, 528
965, 924
1, 293, 273 1, 159, 314
2, 184, 084 2, 753, 279
3. 545, 455 2. 993. 355

-32.1
+18.2
+37.7
+3.9
-11.1

-44.3
—13.9
-35.6
-57.3
+13.5

7, 012, 474
7, 301, 539
6, 944, 220

7, 166, 867
7, 499, 428
5, 356, 548

Wooden Furniture
Grand Rapids district:
Unfilled orders, end of
month _ _
No. of days' production ..
New orders
No. of days' production
Shipments .. .No. of days' production..
Outstanding accounts, end of
month
No. of days' sales. _
Cancellations
per cent of new orders..
Plant operation
per cent of full timePiano benches and stools:
New orders (av. per
firm)
dollars..
Unfilled orders, end of month
(av. per
firm)
dollars..
Shipments—
Value (av. per firm) _
dollars..
Quantity (total)
pieces. .
Plywood and Veneer
Plywood:
New orders
.thous. of sq. ft. of surface-Shipments
thous. of sq. ft. of surface-Unfilled orders, end of
month
. thous. of sq. ft. of surf ace. .
Rotary-cut veneer:
Receipts
number of carloads
Purchases
number of carloads..

1
I

101
79 !

1

...J

-51.0

Barrel Headings
Circled headings for wooden barrels:
Production (rough)
Shipments (finished)
New or ders (finished)
Unfilled orders, end of month
Stocks on hand, end of month




sets.. 435,505
sets.. 786, 607
__sets__ 938, 347
sets.. 1, 287, 654
sets.. 3, 264, 706
8 Revised.

855, 308
1, 281, 528
707, 207
480, 438
805, 059
1, 143, 909
703, 532
831, 402
413, 443
542, 291
746, 657
630, 744
1, 637, 984 1, 923, 653 1, 131, 618 1, 175, 241
3, 273, 312 3, 169, 910 3, 821, 508 3, 396, 865

f Cumulative through Sept. 30.

'•

+2.2
+2.7
-22.9

I

34

TREND OF BUSINESS MOVEMENTS—Continued
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

The cumulatives shown are through
October, except where otherwise noted.

Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

August

Se

m

ber ~ \

October

September

809
724
2,679
801

792
722
2,132
979

753 !
861 j
2,084
863

11.75

284, 021
67, 658
118, 537
216, 289
18
16.00

286, 952
58,388 i
135,824
213,092
16 !
15.50

25, 385
31,330
82, 220
24, 663
70, 350

23,224
26,852
70,857
20,712
62,474

October

Oct.,
1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

+1.4
+4.5
+8.6
-9.0

+7.4
-15.9
+28.6
-7.2

1926

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

1927

STONE, CLAY, AND GLASS PRODUCTS
Clay Products
Face brick, averages per plant:
Production
thousands _ .
Shipments
thousands
Stocks, end of month
... thousands.
Unfilled orders, end of month. .thousands..
Common brick:
Stocks, end of monthBurned
thousands
Unburned
thousands
Shipments
thousands
Unfilled orders, end of month. .thousands..
Plants closed down
number
Price, red, New York
dolls, per thous__
Paving brick:
Production actual
thousands
Shipments
thousands
Stocks, end of month
thousands
New orders
thousands
Unfilled orders, end of month. .thousands..
Operations, relation to
capacity.
. __
per cent
Sand lime brick:
Production
.. -thousands
Shipments by rail ._
..thousands.
Shipments by trucks
thousands
Stocks, end of month
thousands
Unfilled orders, end of month.. thousands..
Vitreous china plumbing fixtures:
New orders
pieces. .
Shipments
pieces..
Unfilled orders, end of month
_ pieces
Stocks, end of month
pieces. _
Terra cotta, new orders:
Quantity
- -net tons
Value..* _.
thous. of dolls.

906
918
2,625
1,113

776
785
2,513
1,026

842
825
2,564
1,069

798
693
2,466
880

331, 748
169, 712
231, 064
254, 191
10
13.50

353, 428
170, 178
211, 451
235, 323
12
11.75

427, 277
178, 357
194, 971
231, 637
10
11.75

489, 566
158, 761
176,315
219, 244
59
11.75

23, 888
24, 177
78, 898
25, 448
61,541

26, 488
28, 643
77, 799
22, 409
67, 465

31, 786
31, 221
77, 332
33, 614
73,537

30, 515
30, 909
66, 506
22, 551
66, 183

+3.3
—2.2

i

7

0.0

7,580
6,969

7,335
7,127

1,251, 955 71,641,343 ! +31.1

-34.2

!
:
j
i

7

215, 559
7 204, 153

7 207, 016
7 169, 872

-4.0
-16.8

7 231, 038

7

183, 686

-20.5

2, 531, 204
2, 597, 766

2,294,911
2, 564, 811

-9.3
-1.3

75

82

64

68

66

19, 986
7,553
14, Oil
10, 052
18, 344

16, 622
5,431
10, 752
8,820
14, 364

21, 300
7,376
13, 295
12, 547
19, 800

18, 584
6,164
9,293
17, 552
13, 344

15, 626
6, 663
9,094
. 9,877
18, 651

16,178 i
4,890
12, 344
8,613 i
19, 325

344, 541
296, 818
390, 440
557, 745

229, 832
251, 946
368, 326
554, 022

228, 772
246, 551
307, 414
500, 879

236, 289
289, 599
523, 637
471, 077

152,351 1
258,004
417,984 !
497,150

+2.0
+4.4
-5.5
-3.4

+50.2
-4.4
-26.5
+0.8

14, 637
1,385

14, 856
1,268

15, 643
1,557

13, 440
1,342

11, 907
1,049

11, 554
1,253

15, 174
1,583

-11.4
-21.8

-21.5 ,
-33.7

139, 002
16,952

126, 103
12, 635

-9.3
-25.5

thous. of bbls_.
thous. of bbls_.
thous. of bbls

17, 224
19, 761
20, 972

17, 408
18, 984
19, 397

18,315
21, 411
16,292

6 17, 505
19, 828
6 13, 996

17, 174
18, 028
13, 143

16, 571
18, 087
14, 188

16, 596
17, 486
13, 334

-1.9
-9.1
-6.1

+3.5
+3.1
-1.4

139, 120
144, 073

145, 462
153, 009

+4.6
+6.2

_ .dolls, per bbl
.dolls, per bbl..

1.60
1.55

1.60
1.55

1.60
1.55

1.60
1.55

1.60
1.55

1.65
1.65

0.0
0.0

-3.0
-6.1

16, 075
8,424

12, 615
7,299

13, 528
7,445

11, 581
6,872

17, 850
845
10, 104

17, 150
637
10, 135

15, 301
750
10, 005

23, 354
927
9,921

7,999

8,868

10, 616

9,353

8,703

2,277
76.5
2,016
2,350
9,682
6,065

2,050
71.7
1,743
2,227
9,148
6,216

2,142
69.3
1,850
2,120
8,765
6,217

1,999
69.6
2,340
2,325
8,606
5,925

2,689
36.0
38.0
37.3

2,169
33.6
36.3
35.3

2,410
32.0
38.3
31.4

6 3, 609
40.7
43.4
45.7

1.3
3.6

1.2
4.0

1.3
3.5

1.5
3. 6

249, 169 6 224, 307
279, 539 6 236, 196
337, 956 6 325, 193
520, 364 6 518, 505

1

61

j

Portland Cement
Production
Shipments
_
Stocks, end of month ..
Wholesale price:
Chicago district
Lehigh Valley

1.65
1.65 |

i

Highways
Concrete pavements, new contracts:
Total
thous. of sq. yds..
Roads
thous of sq yds
Federal-aid highways:
Completed—
Cost.
thous. of dolls..
Distance _
._
miles..
Under construction, end of month. .miles..

8,378
3,736

7,528
4, 224

15, 222
668
11, 309

21,948 1
1,090
11, 607

11, 431

11,186

-6.9

1,969
66.3
2,314
2,054
8,681
5,878 1

2,009
72.2
2,237
2,088
7,672
5, 054

2,321
79.7
2,421
1,980
7,958
5,408

-1.5
-4.7
-1.1
-11.7
+0.9
-0.8

1

3,193
43.7
47.0
46.3

9,800
5,527

+30.2
+30.8

-15.4
-19.6

94, 911
54, 385

111, 242
64, 193

+17.2
+18.0

7 136, 500
7 6, 275
7 98, 542

7 112, 545
7 5, 272
7 89, 056

-17.5
-16.0
-9.6

111, 809

95, 371

-14.7

20, 369

21,047

+3.3

20, 774
20, 559

22, 020
21, 843

+6.0
+6.2

7 26, 094

7 25, 295

-3.1

7,995

6,552

Plate Glass
Production, polished

thous. of sq. ft_.

-22.2

Glass Containers
Actual production:
Quantity
thous. of gross
Relation to capacity
per cent. .
New orders
. .
thous. of gross
Shipments
__
thous. of gross..
Unfilled orders, end of month.. thous. of gross..
Stocks, end of month
.thous. of gross..

-15.2
-16.8 ;
-4.4
+3.7 !
+9.1
+8.7

Illuminating Glassware
Production:
Total
number of turns
Ratio to capacitv _
per ct. of capacity .
New orders
per ct. of capacity .
Shipments
per ct of capacity
Unfilled orders, end
of month
_ .number of weeks' supply-Stocks, end of month.number of weeks' supply..

3, 837
50.9
49.6
49.4

1.4
3.4

1.4
3.5

474
.75

384
.74

260
.75

55, 154

37, 096

47, 503

CHEMICALS AND OILS

|

Chemicals

Sulphuric acid:
Exports
thous of Ibs !
746
Price wholesale, 66°, N. Y. dolls, per 100 lbs_.
.75
Nitrate of soda:
Imports
Ion? tons
39, 683
Production in ChileQuantity
rnp.tric tons
115, 900
Units reporting
number of plants., i
32
e Re vised.




6

;

801
.75

517 I
.75 |

454
.75

54, 867

71, 904

64, 753

127, 060
36

142, 800
38

143, 700
41

+4.4
0.0
-14.8

127, 082 +31.7
189, 200 6 120, 800
46 1
43
40 1 +12.2
7 Cu mulative t hrough Se]3t. 30.

+82.3
0.0

-18.0

+16.1

789, 878

602, 388

-23.7

+48.9
+15.0

1, 815, 999

1, 167, 492

-35.7

35

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1926

August

September

October

43, 572

28, 822

27, 884

September

October

Oct.,
1927,
from
Sept.,
1927

23, 355

28, 341

-3.3

Oct.,
1927,
from
Oct.,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

1926

1927

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

CHEMICALS AND OILS— Continued
Chemicals— Continued
Potash, imports
long tons .
6,502
Acid phosphate:
Production
short tons
199, 369
Stocks, end of month
short tons 1., 092, 227
Shipments
short tons
63, 388
Fertilizer:
Exports
long tons
111. 512
Consumption in Southern
States
short tons.. 52, 241
Dyes and dyestuffs, exports:
Vegetables
thous of Ibs
363
Coal-tar
__
thous. of Ibs. _
968
Price index numbers:
Crude drugs
index number
200
Essential oils
index number
122
Drugs and pharmaceuticals-index number. .
156
Chemicals .
... index number
113
Oils and fats
index number
130

36, 857

240, 863
267, 516
256, 980
347, 554 1, 468, 286 1, 380, 031
195, 547
56, 2.65
V9,347

-1.6

267, 475
243, 599
1, 541, 106 1, 352, 440
181 918

138, 023

100, 659

113,322

98,672

35, 535

109, 954

250, 971

121, 075

165
1,526

237
2,254

229
4,469

196
122
156
112
127

192
121
156
112
127

202
203
156
113
134

12, 070
424

11, 745
353

13, 325
172

14, 276
666

12, 152
801

20, 924
3,334
562
3.50

73, 384

97, 701

219, 135 6 120, 689
136
1,883

162
2,220

207
123
160
112
134

209
155
155
114
154

215
148
156
114
136

12,958
427

13, 912
1,091

13,469
513

e 13, 081
830

20, 545
2,655
1,355
3.50

20, 120
2,222
283
3.50

6

626, 789
14, 388

592, 593
17, 283

339, 632
38, 258

303, 998
29, 849

359
1,838 |

239, 894

235, 731

-1.7

2, 523, 967

2, 215, 634

-12.2

946, 580

985, 911

+4.2

-14.7

+31. 7

951, 642

1,097,252 :

+14.7

-51.8

+0.3

5, 064, 602

4,448,542

-12.2

+56.8 +121. 6
-58.9 -17.2

2,211
21, 036

2,972
22, 621

+34.4
+7.5

+2.5
-39.4
+2.6
-0.9
0.0

-3.7
-16.9
+2.6
-1.8
-1.5

11, 770
610

+7.4
14, 002
897 +155. 5

-0.6
+21.6

129, 509
6,676

130, 771
7,409

+1.0
+11.0

16, 889
1,462

11, 285
594

16, 013
634

+29.1 +5.5
+76.1 +130. 6

126, 442
5,981

129, 651
6,696

+2.5
+12.0

19, 930
1,823
None.
3.50

16, 821
1,283
915
3.50

23, 241
1,147
1,392
3.25

17,746
1,441
1,125
3.25

-15.6
-29.6
0.0

-5.2
-11.0
-18.7
+7.7

16, 111

9,380

-41.8

582, 710
12, 058

576, 947
17, 777

643, 491
48, 179

610, 393
25, 974

712, 309 +11.5
37, 196 +171.0

-9.7
+29.5

6, 641, 477
279, 625

6, 540, 294
317, 638

-1.5
+13. 6

360, 329
27, 057

315, 313
31, 824

390, 669
39, 414

486, 199
51, 326

442, 998
46, 621

+23.9
+23.8

-11.8
-15.5

991, 672 1, 094, 775 1, 408, 637 1, 467, 460 1, 181, 225
21, 227
39, 025
28, 610
1,590
27, 995
2,201
9,622
18, 796
20, 526
57, 983
.66
.66
.58
.55
.53

164, 363
31, 853
38, 779
.76

151,326
30, 293
24. 977
'.74

378, 692

221, 067

-41.8

708, 810
35, 349

723, 219
37, 449

+2.0
+5.9

6, 247, 407
221, 780

4, 413, 633
220, 538

-29.4
-0.6

? 119, 493
108, 239

-15.2
-12.9

Wood Chemicals
Acetate of lime:
Production—
United States .
thous. of Ibs..
Canada
thous. of Ibs
ShipmentsUnited States...
thous. of Ibs. .
Canada..
.
thous. of Ibs
Stocks, end of month—
United States
thous. of Ibs
Canada
thous. of lbs._
Exports
thous. of Ibs
Price wholesale
dolls per cwt
Methanol, crude:
ProductionUnited States
.gallons
Canada
gallons. _
Stocks at crude plants, end of monthUnited States
gallons-Canada
gallons-Stocks at refineries and in transit —
United States
--gallons-Canada- _
gallons
Exports
--gallons-Price, wholesale, N. Y
dolls, per gal..
Wood:
ConsumptionUnited States
cords..
Canada
cords..
Stocks, end of monthUnited States
cords
Canada
cords
Total
Reporting
Shutdown
Methanol, refined:
ProductionUnited States
Canada
.._
Stocks, end of monthUnited States
Canada
United States
Canada
Ethyl Alcohol

64, 861
1,945

63, 724
2,038

82, 581
1,154
6

79, 670
2,401

73, 219
5,121

65, 807
3,132

615, 074
66, 624

596, 755
74, 942

491. 307
35, 131

-19.5 +608. 6
-7.6

+182. 5 +132. 1
-3.6 -28.4

-8.1
73, 895
4,513 +113.3

-0.9
+13.5

485, 022
42, 341

-3.0
+12.5

+23.0
+77.0

584, 690
61, 649

595, 554
60, 392

604, 262
68, 693

3,535
3,535
706

3,535
3,535
655

3,395
3,395
425

3,395
3,395
391

3,339
3,339
145

3,577
3,475
537

3,577
3,475
391

-1.6
-1.6
-62.9

3 g
—62 9

gallons. . 416, 042
gallons.. None.

347, 833
22, 800

317, 521
None.

441, 771
28, 293

688, 435
6,700

700, 211
26, 700

618, 284
29, 200

+55.8
-76.7

+11.3
-77.1

gallons
521, 609
gallons . . 53, 350

554, 809
59, 120

428, 194
50, 687

382, 876
58, 312

396, 137
26, 443

463, 488
44, 303

379, 710
40, 631

+3.5
-54.7

+4.3
-34.9

gallons . 575, 811
10, 485
gallons

411, 229
17, 827

389, 033
8,440

506, 914
23, 982

698, 476
38, 569

13, 831
13, 761
7,496

15, 170
14, 651
9,700

15, 587
12, 212
11, 122

14, 129
14, 130
9,838

34, 120
33, 783
32, 354
16, 989

30, 954
31, 136
30, 335
16, 794

36, 304
35, 736
34, 680
17, 344

36, 858
36,964
35, 304
17, 152

57, 730
52, 340

50,466
58, 390

47,809
58, 915

.57

.56

.59

cords..
cords..
cords

Production
thous. of gals
Withdrawal for denaturation thous. of gals..
Warehouse stocks, end of month. thous. of gals—

-6.7

+37.8
+60 8

!

7 140, 861
7 124, 323

20, 776
17, 338
10,863

20, 530
18, 809
11,436

38, 918
38, 261
36, 747
17, 807

40, 741
41,098
38,348
16,488

40, 670
40,951
39,311
16,854

+6.6
+3.5
+4.1
+3.8

-4.3
-6.6
-6.5
+5.7

360, 444
360, 543
345, 508

344, 703
343, 561
331, 031

-4.4
-4.7
-4.2

45, 775
73, 019

39, 115
80, 473

34, 918
57,601

32, 216
57,370

-14.5
+10.2

+21.4
+40.3

248, 319

342, 565

+38.0

.55

.53

.90

-3.6

-41.1

7

Explosives
(Black powder, permissables, and other high
explosives)
Production
thous. of lbs_.
Shipments
thous. of Ibs—
New orders
thous. of Ibs..
Stocks end of month
thous of Ibs
Naval Stores
Turpentine (gum):
Net receipts, southern ports
barrels..
Stocks, end of month, three ports-barrels. _
Price, southern, in barrels,
New York
dolls, per gal..
6 Revised.




.92 i

Cumulative through Sept. 30.

36
TREND OF BUSINESS MOVEMENTS—Continued
1

1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

j PER CENT INCREASE (+) OR
DECREASE (— )

1926

The cumulatives shown are through
October, except where otherwise noted.

Earlier data for items shown here may
be found on pages 23 to 133 of the
A uffust, 1927, "Survey "

June

September

August

July

October

September

October

or decrease

Oct.,
1927,

Oct.,
1927,

.

from
Sept.,

from

Oct.,
1926 i

1927

Per ct
increase

cumulative
1927
from
1926

1927

1926

CHEMICALS AND OILS-Continued
Naval Stores— Continued
Rosin (gum):
Net receipts, southern ports
barrels. .
Stocks, end of month, three ports.. barrels..
Price, common to good (B),
New York. .
dells per bbL.
Rosin (wood):
Production
barrels. .
Stocks, end of month
barrels
Turpentine (wood):
Production
barrels..
Stocks, end of month ..
barrels,.
Pine oil:
Production .
.
barrels .
Stocks, end of month
barrels
Roofing
Roofing felt:
Production, drv felt
tons..
Stocks, end of month, dry felt
tons_.
Prepared roofing:
Shipments
thous. of roof squares

184, 971
165, 991

169,439
179, 734

158, 514
198, 883

151, 045
229, 426

132, 059
222, 167

118, 868
148, 177

9.93

9.74

10.62

10.08

9.24

14.43

13.86

35, 197
72,454

36, 038
72, 486

35, 521
71, 982

34, 839
76, 327

35, 963
82, 717

31, 766
13, 555

34, 161
17, 702

6,541
9,896

6,414
6,652

6,347
8,256

6, 562
10, 232

6,901
12, 163

5, 604
3,837

6, 046
3,426

222, 151
428, 796

231, 350
458, 923

242, 050
524, 246

244, 445
555,818

237, 625
588, 778

228, 833
249, 974

26, 517
3,181

23, 605
3,272

27, 441
3,166

27, 902
2, 907

27, 512
3,748

26, 938
3,236

3,003

2,637

2,992

3,237

3, 218

3,450

5,892
62,498
14, 162

3,775
66, 828
15, 215

1,767
50, 092
19,311

2,086
55, 985
21, 694

5,307
55, 387
15, 660

21, 273

16, 997

21, 469

25, 936

8,144

7,248

8,840

10, 436

20, 645
21, 171

17, 214
16, 727

20, 672
19, 3»7

23,495
23, 9el

5,797

5,902

6,076

6,075

55, 502
127, 516
101, 391

53, 345
65, 841
88,895

37, 864
32, 014

22, 063
16, 195

46, 212
26, 322

178, 018
87,474

71, 241
461,059

32, 152
378, 230

32, 210
274, 711

100, 849
225, 782

+15.7 |

114, 120 , -12.6
158, 210
-3.2

+40.4

i
i
1, 146, 125 | +32.3

866, 463

j
1

-33.3

-8.3

+3.2 +5.3 1
+8.4 +367. 3

260,324

351,802 | -HK.1

'

:

+5.2 +14.1
+18.9 +255. 0

49,543

-2.8 -9.9
263, 696
259, 670 ! +5.9 +126. 7

1, 882, 846

-1.4
27, 636
3,426 | +28.9

-0.4
+9.4

236, 4G2

251,778 |

+6,5

-2.1

-7.9

27, 484

27,327

-0.6

801
55, 095
21,288

2,688 +154.4
50,449 ! -i.l
19, 813 1 -27.8

+97.4

+9.8 i
-20.9

31, 522
555, 163
186, 991

55, 748
575, 766
172, 515

+76. 9
+3.7
-7.7

22, 702

16, 127

21, 219

-12.5

+7.0

186, 017

233, 635

+25.8

12,286

8,127

8,895

+17.7

+38.1

77, 179

90, 672

+25. 3

26, 041
26, 823

20,232
20, 172

6 21, 820
21, 766

+10.8
+11.9

+19.3 , ,

195, 285
194, 3oO

223, ISO
221, C04

+14.3
+ 14.0

6,447

7,130

3,495

67,667 i +34.6

+25. 1

2, 354, 520

Fats and Oils
Total vegetable oils and copra :
Exports
thous oflbs
Imports..
thous. of Ibs. Copra, imports
short tons..
Copra or coconut oil:
Imports
thous. of Ibs..
Consumption in oleomargarine
- .--thous. of Ibs. .
Oleomargarine:
Production
_. _.
thous. of lbs._
Consumption
.thous. of Ibs. .
Animal glues:
Shipments
thous. of Ibs .

+23.2 '
|

:

155,866 i

59, 73!

-6.5

Cottonseed
Cottonseed:
Receipts at mills
short tons .
Consumption (crush). .
short tons..
Stocks at mills, end of month short tons..
Cottonseed oil, crude:
Production
thous. of Ibs..
Stocks, end of month
thous. oflbs..
Cottonseed oil, refined:
Production
thous. of lbs__
Stocks, end of month
thous. oflbs..
Price, yellow, prime,
New York
_
dolls, perlb..
Consumption in oleomargarine—
thous. oflbs..
Cottonseed cake and meal:
Production
short tons..
Stocks end of month
short tons
Exports
short tons..

+27.3
+50.9
+63.0

272, 547
146, 567

139, 628 88 282, 406
58, 262
102. 3C9

+53. 1

194, 676
310, 330

75,053 « 213, 133
63, 723 8 133, 343

.10

.10

.11

.11

.11

.09

0.0

1,559

1,745

2,113

2,228

1,775

2,091

+5.4

60, 648
102, 595
18, 105

37,019
64,937
23, 169

72, 659
45, 116
15, 122

258, 685
109,591
26, 306

391, 037
186, 997
5,383

214, 330 88 418, 002
127, 409
170, 324
21, 749
74, 115

+51.1

8,230
2,008
5,246
1,758

2.189
'907
846
1,556

10, 859
.107

12, 970
.104

13, 202
.099

14, 153
.112

11, 669
.108

10, 145
58, 947

19, 420
52, 984

31,492
48, 625

21, 799
48, 257

30,436
55, 950

12, 502
.112

9,379
.106

6, 600
51,036

7,281
52, 596

1,211,392

+20.0

19, 282

20,207

+4.8

-6.4 1, 858, 608
+9.8
-92.7 i 281, 144

2,041,946

+9.9

1, CC9, 837

+22. 2
+6.6 !

+70.6

-79.5

284, 982 ;
i

+34.0

6,144 +49.3
1,644 +82.2
3, 102 +231.4
2, 952
+2.4

5, 512
1,102
1,583
1,716

717
496
589
1,123

+ 15.4

+43.2

* 18, 592

3 24, 321
429
606
908
1,381

I

13,047
4,942

;

18, 117
6,450

+37.8
+30.5

18, 792

17, 300

-7.9

+13.1
115, 208
-8.3 r
154, 508
+3.5
+62.2
500, 000
-8.2 -13.1

109, 276

-5.1

145, 819
550, 778

-5.6
+ 10.2

+22.1
+69,1
-40.4

+1.8
-4.8

FOODSTUFFS
Wheat
Production, crop estimate:
Winter wheat
__ ._ thous. of bushs .
Spring wheat
thous of bushs
Total, wheat
. thous. of bushs _
Visible supply, end of month:
United States
thous. ofbushs..
Canada
thous. of bushs
Stocks, end of month:
Held by mills (Quarterly),, thous. of bushs..
* Quarter ending in month indicated.




.
i

*4 627, 433
205, 376
< 832, 809

3 552, 767
3 313, 771
3 866, 538

i

i
23, 544
49, 247

36, 104
44, 237

> 52. 590
3

As of Nov. 1.

67, 273
28, 264

84, 630
22, 958
2

115. 728

+ 1.4

I

'

488
214
1,444
2,925

4, 296, 451 + 14.2
4, 531, 166 j +12.8

3, 762, 883
4, 018, 138

-3.5 i 1,189,194 j 1.371,949

-8.7
+93.0
+37.4 +132.7

.09

6

-14.6
+4.2
-8.9

+67.6

1,909

Flaxseed
Production crop estimate
thou^ of bushs
Minneapolis and Duluth:
Receipts
thous. of bushs. _
Shipments
thous. of bushs
Stocks end of month
thous of bushs
Impoits
thous. of bushs __
Linseed oil:
Shipments from Minneapolis, thous. oflbs..
Price New York
doUs per Ib
Linseed cake and meal:
Shipments from Minneapolis, thous. of lbs__
Exports
thous. of lbs_.

976, 295 81,502,131
476, 142 8 934, 643
586, 835 81,153,247

290, 422 1, 007, 261 1, 282, 625
161, 423
581, 090
876, 630
217, 894
644, 954 1, 050, 949

94, 607
62, 492

77, 714 +11.9 +21.7
-25.4
83, 719 +172.1

81, 780
44, 754

+120.1 i

* 124, 773

* Final estimate for 1926.

3

Revisedi

* i

-7.2

' Cumulative through Sept. 30i

37
TREND OF BUSINESS MOVEMENTS—Continued
1927

The* cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

September

August

October

September

CUMULATIVE TOTAL Per ct.
FROM JANUARY 1
inTHROUGH OCTOBER crease
31
(+)
or decrease
(-)
cumu1937
lative
1926
1927
from
1926

PER CENT INCREASE (+) OR
DECREASE (— )

1926

October

Oct.,
1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

!

FOODSTUFFS— Continued

.

Whea t— C ontinued
Receipts, principal markets ... thous. of bushs..
Shipments, principal markets. thous. of bushs..
Exports:
United StatesWheat only
thous. of bushs. .
In eluding wheat flour. thous. of bushs..
CanadaWheat only.
thous. of bushs. .
Including wheat flour.thous. of bushs..
Prices:
No. 2, red winter, Chicago-dolls, per bush..

20, 665
16, 675

58, 800
25, 489

81, 632
46, 583

79, 740
f 0. 374

73, 244
49, 252

48, 731
24, 625

37, 137
24, 427

7,459
11, 342

8,397
11, 942

23, 402
28, 137

33, 748
39, 509

29. 236
36, 045

23, 700
30, 719

17, 589
23, 821

15, 863
19, 673

6,620
8,641

12, 197
14, 510

14, 071
17, 118

19, 430
23, 475

10, 575
13, 330

1.45

1.43

1.40

1.34

38, 597
4,662

44, 099
5,276

848,131
6,925

49, 689

8,388

9,617

810,470

9,256
1,019
668, 232
51

10, 458
1,158
761, 468
54

11,816
1, 528
6833,108
64

7,918

8,906

6,800

7,300

-8.1 +97.2
-2.2 + 101.6

338, 072
191, 863

409, 911
259, 899

+21.2
+35.5

-13.4
-7.9

+66.2
+51.3

114,226
156, 425

140, 498
187, 142

+23.0
+ 19.6

30, 573
34, 905

+38.1
-j-37.1

-36.4
-32.7

161, 291
198, 691

157, 449
189, 65.1

-2.4
-4.5

1.36

1.40

+ 1.5

-4.3

49, 317
7,323

48, 727
10, 029

+3,2

+2.0 '
i

410, 330
" 58, 016

413, 540
* 53, 879

+0.8
-7.1

10, 796

10, 843

10, 678

+3.1

+ 1.1

864, 469
61

12, 681
1,634
844, 774
67

13, 029
2,231
834, 908
63

9, 346

10, 921

11, 444

8,490
» 4. 267

8,500
» 4, 217

8,700

1.32

Wheat Flour
Qrindings of wheat:
United States (census)
thous. of bushs. . 39, 085
Canada
thous. of bushs. .
6,000
Production:
United States, actual
(census)
thous of bushs
8,500
United States, prorated
(Russell)
thous. of bbls._
9, 261
Canada
thous. of bbls._
1,314
Production, grain offal
thous. of lbs_. 675, 003
Capacity operated, flour mills..
per cent..
49
Consumption, wholesale
(computed)
thous. of bbls..
8, 450
Stocks, end of month:
All positions (computed).. -thous. of bbls..
6,250
Held by mills (quarterly). ..thous. of bbls.. 2 3, 566
Exports:
United States
thous. of bbls .
863
Canada
thous. of bbls..
847
Wholesale prices:
Standard patents, Minneapolis..
_
dolls, per bbl_.
7.91
Winter straights, Kansas
City
dolls, per bbl
7.06

+3.5
-3.2

+3.8
-4.7

+19.7

+1.2

788
449

1,052 '•
514 '

1,280
677

1,513
899

1,560
612

1,385
963

+18.2
+32.8

+9.2 i
-6.6 j

7.81

7.60

7.07

7.23

7.73

7.94

+2.3

-8.9

0.92

6. 77

6. 64

6.54

6.68

6.94

-1.5

-5.8

'

Corn
Production, crop estimate
thous. of bushs..
Exports, including meal
thous. of bushs..
Visible supply, end month
thous. of bushs .
Receipts, principal mar kets._. thous. of bushs_.
Shipments, prin. markets
thous. of bushs..
Qrindings (starch, glucose)
thous. of bushs..
Prices, contract grades, No. 2,
Chicago.
.
dolls, per bush .

i

88, 948

90,171

+1. 4

? 82, 357
7 12, 930
7, 235, 472

? 89, 058
711,810
7, 136, 408

+8.1
-8.7
-1.4

i 82, 773

? 78, 417

+7.6

9, 378
8, 310

10, 361
7,156

+10.5
-13.9

!

1,124
36, 239
26, 241
13, 282
7,339

. 734
31,900
15, 125
12,090
6,733

475
23, 805
16, 758
11,762
7,304

571
25, 110
22, 116
12, 257
7,561

J2.753.249
538
21, 847
18, 448
9,665
8,613

1,052
18, 999
13, 524
7,267
6,311

<2,646,853
1,494
24, 637
28, 393
11, 001
7,057

-5.8
-13.0
-16.6
-21.1
+13.9

-64. 0
-11.3
-35.0 |
-12.1 1
+22.1 \

1.00

1.02

1.09

.99

.88

.80

.78

-11.1

+12.8

20, 979

12,927

-38.4

192, 791
100, 568
65,071

193, 353
110, 773
68, 835

+.3
+10.1
+5.8

140, 673

126, 093

-10.4

16, 975

12, 122

-28.6

? 7, 539

i 6, 906

-8.4

f 81, 417

-18.7

35, 284

53, 654

+52. 1

11, 123

28,047 +152. 2

!

Oats
Production, crop estimate
thous. of bushs .
Receipts, principal markets... thous. of bushs. _
9,701
Visible supply, end of month-.thous. of bushs..
18, 110
Exports, including meal
thous. of bushs. . - 1,737
Prices, contract grades,
Chicago.
dolls, per bush .
.50
Qrindings, Canada
thous. of bushs..
659
Production, oatmeal and rolled
oats, Canada
thous. of Ibs
8, 513

8, 125
12, 270
777

21, 413
22, 501
1,795

17, 223
26, 430
1,038

31,205,639
13,914
25, 182
891

16, 783
50, 194
1,762

U,250,019
14, 333
49, 732
860

.48
805

.48
791

.49
1,107

.50

.43
1,099

.47
1,036

9,749

9,785

13, 357

2,579
1,143
1,186

1,871
891
2, 360

11,108
3,532
4,065

15,547
4,900
6,637

.92

.79

.80

.83

14, 893

-19.2
-4.7
-14.2

-2.9
-49.4
+3.6

+2.0

+6.4
7

14, 068

100, 173

Other Grains
Barley:
Production, crop estimate thous. of bushs .
Receipts, principal
markets
thous. of bushs
Visible supply, end mo
thous. of bushs. _
Exports
thous. of bushs. _
Price, fair to good, malting,
Chicago
dolls per bush
Rye:
Production, crop estimate thous. of bushs
Receipts, principal
markets
thous. of bushs..
Visible supply, end mo
thous. of bushs
Exports, includingflour...thous. of bushs. .
Price, No. 2, Chicago
dolls, per bush

3

264, 703

* 188, 340

10, 908
4,398
6,927

6, 953
5,008
2,663

.82

.67

4,445
4,823
939
.71
4

8 61, 484

1,358
947
3,601
1.15

1,444
1,376
339
1.10

4,293
3,083
1,325
.97

10, 512
2, 207
7,743
.97

7, 496
1,595
6,425
1.00

3,900
11,052
2,130
.97

18,990

16, 152

35, 796

55,498

50, 826

38, 326

-29.8 +145. 4 1
-10.2
-8.8
+4.4 +637. 7
+15 5

-1.2

41, 010

2,688
12, 594
137
1.01

-28.7 +178. 9
-27.7 -87.3
-17.0
-1.0
+3.1

16, 898

34, 746 +105. 6

11, 260

31, 975 +184. 0

Total Grains
Total grain exports, incl.flour.thous.of bushs. .
1

Quarter ending in month indicated.




3 As of Nov. 1.

< 1Final estim ate for 192 ).

27, 251
6

Revised.

-8.4
7

216, 763
272, 212
+86.5
Cumuls tive through Sept. 30.

+25. 0

38

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

Oct.,
June

July

Septem- October
ber

August

September

October

1927,
from
Sept.,
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

Oct.,
1927, !
from
Oct.,
1926

1926

1927

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

FOODSTUFFS— Continued
Rice
Production, crop estimate. . thous. of bushs
Southern paddy, receipts at mills
bbls__ 429, 614
Shipments:
Total from mills. . .
pockets (100 Ibs.) _ 643, 295
New Orleans
..pockets (1001bs.)__ 119,932
Stocks, end of month
pockets (100 Ibs.) 1, 181, 230
Exports
pockets (100 Ibs.)-. 215,411
Imports
pockets (100 Ibs.)
16,095
Other Crops
Apples:
Production, crop estimate. thous. of bushs..
Cold-storage holdings,
end of month
thous. of bbls__
Car-lot shipment
carloads
Potatoes:
Production, crop estimate.thous. of bushs..
Car-lot shipments . _
. carloads .
Onions, car-lot shipments
carloads
Citrus fruits, car-lot shipments
carloads
Hay, all tame:
Production, crop estimates..thous. of tons..
Hay, receipts
tons _

3
39, 299
792,345 1, 167, 281 1, 719, 740

* 41, 006
1, 147, 507 1, 681, 130

+47.3

+2.3

5, 290, 017

7, 111, 524

+34. 4

849, 908 1, 200, 174
717, 070 1, 034, 736
423,559
345, 794
109, 951
132, 495 6259,205
96, 074
193, 155
239, 453
987,310 1, 235, 674 1, 581, 097 2, 247, 038 1, 217, 603 1, 879, 502
134, 032
64, 290
109,992
101, 707
74, 519
203, 350
43,002
27, 217
25, 957
26, 248
19, 503
21, 888

+41.2
+24.0
+42.1
+51.7
-19.6

+16.0
-7.6
+19.6
+99.9
-15.7

5, 656, 084
1, 408, 000

7, 464, 806
1, 634, 045

+32.0
+16.1

538, 126
1, 101, 526

2, 769, 372 +414. 6
444,540 ! < -59.6

7,107
41,745

+458. 7
+186. 4

-18.4
-24.3

94, 271

76,017 I -19.4

4 356, 123
34,920
21, 846
3,640
5,265
3,614
4,521

+58.6
+28.6
+45.8

+7.1
+9.3
+24.3

194,978
26, 880
74, 703

212,627 i +9.1
27, 210
+1. 2
86,383 ; +15.6

147, 176

3

~
None.
1,202

None.
1,731

1,038
11, 039

33
3,352

* 246, 460

119, 333
5,799
31,612

1,204
19, 272

21, 785
830
7,559

20, 709
1,864
5,781

17, 418
2,313
4,492

3 400, 305
23, 674
37, 410
4,473
5,754
3,853
5,618

53, 435

48, 005

51, 652

64, 440

3 103, 773
69, 233

58,240

* 86, 378
70,100

+7.4

-1.2

658, 645

589, 041

1,547
562
138
971

2,065
802
269
1,231

1,988
906
407
1,085

2,635
1,259
675
1,291

2,397
1,100
521
1,290

2,674
1,310
693
1,356

+32.5
+39.0
+65.8
+19.0

-1.5
-3.9
-2.6
-4.8

19, 566
7,553
2,839
11, 887

18,727
7,288
2,678
11,239

453, 993
465, 597
470, 490 6 455, 239
1,609
1,899

475, 455
473, 874
1,165

540,945
536, 285
2,805

545,988
531, 354
1,984

+4.7
-4.1
-27.6

-12.9
-10.8
-41.3

4,749,490
4,769,673
20, 890

35, 878

44, 120

46, 250

61, 198

+23.0

-27.1

18.31
.191

14.33
.210

10.19
.163

9.89
.170

+7.7
+10.0

-44.9
+23.5

-10.6

Cattle and Calves
Cattle movements, primary markets:
Receipts
thousands
1,732
Shipments, total
.
thousands
624
Shipments, stocker and feeder . .thousands..
170
Local slaughter
thousands
1,112
Beef products:
Inspected slaughter product.. thous. of Ibs.. 449, 020
Apparent consumption _ _ _ .thous. of Ibs
456, 534
Exports
_
thous. of lbs__
1,374
Cold-storage holdings,
end of month
thous. of Ibs . 43, 756
Prices, Chicago:
Cattle, corn-fed
dolls, per 100 Ibs . 11.83
Beef, fresh native steers
dolls, per lb_.
.170

417, 119
426,434
1,920
35, 722

33, 446

12.30
.182

12.58
.185

6

i
3,775
1,259
61
2,522

3,046
1,110
38
1, 939

3,041
1,192
38
1,846

778, 271
589, 134
97, 803

652, 886
548, 008
76, 277

580, 606
6595,110
72, 958

991, 593 1,020,407

6

2,565
1,051
48
1,512

3,039
1,137
78
1,883

2,819
1, 142
84
1,673

3,261
1,334
129
1,933

+18.5
+8.2
+62.5
+24.5

-6.8
-14.8
-39.5
-2.6

32,308
12,379
686
19, 919

458, 919
576, 349
89, 829

497, 128
615,001
72, 251

475, 867
537, 320
93, 835

479, 917
546, 837
76, 876

+8.3
+6.7
-19.6

+3.6
+12.5
-6.0

5, 980, 862
5, 068, 783
955, 490

933, 436 « 726, 941

539, 304

619, 909

477, 978

-25.8

+12.8

844, 275

841, 271

766, 418

608, 767

467, 675

514,351 1

405, 623

-23.2

+15.3

151, 008
66, 404

131,637
46, 972

116,183
50, 816

6 95, 790
59, 736

97, 466 i
61,577 !

92, 867
46, 988

+1.8
-15.7

+4.9
+7.2

147, 318

179,136

167, 018 6 118, 174

|
8.69 1
.246
.131

97, 485
50, 355 i

-4.S
-3.5
-5.7
-5.5

4,414,215 1
4, 585, 444 •
17, 170 :

—17.8

-7.1
-3.9

|.

Hogs and Pork
Hog movements, primary markets:
Receipts
_. _
.thousands
Shipments, total
thousands..
Shipments, stocker and feeder, .thousands..
Local slaughter
thousands
Pork products, total:
Inspected slaughter product.. thous. of Ibs..
Apparent consumption _
thous. of Ibs
Exports
thous of Ibs
Cold-storage holdings, total,
end of month
.
thous. of Ibs
Fresh and cured in storage,
end of month
..thous. of Ibs .
Lard (included in pork products) :
Production
thous. of Ibs..
Exports
thous. of Ibs _
Cold-storage holdings,
end of month
..thous. of lbs__
Prices:
Hogs, heavy, Chicago dolls, per 1001bs_.
Hams, smoked, Chicago
dolls, per lb__
Lard, prime contract, N. Y. . .dolls, per lb_.

1
i
i
i

1,233,235
592,798

i'
33,535
12,276 !
714
21,218 :

+3.8
-0.8
+4. 1
+6.5

6,340,130 J ! +6.0
5,507,623
+8.7
828,630
-13.3

|"
1,248,127 i
568,812 ;

+1.2
-4.0

72, 355

-39.4

-1.0

8.98
.243
.132

9.19
.235
.128

10.85
.224
.133

11.06
.233
.130

12.38
.320
.150 J

12.97
.303
. 142

+1.9
+4.0
-2.2

-14.7
-23.1
-8.5

1,676
760
216
920

2,209
1,054
388
1,137

2,848
1,734
947
1,101

3, 587
2,413 !
1,560
1,148

3,279
2, 124
1,093
1,147

2,098
1,150
999

3,oeo

+25.9
+39.2
+64.7
+4.3

+16.1
+15.0
+0.9
+14.9

20,246
10,682
3,907
9,520

!
i
i
;

20,429 ;
10,771 i
4,228
9,613 :

-0.9
-0.8
+7.7

37, 647
37, 706

44, 865
44, 908

45, 378
45, 098

46, 188
45, 942

45, 607
45, 593

43, 892
43, 825

+1.8
+1.9

+5.2
+4.8

415,799 \
415,839 ;

414,692 !
417,591 !

-0.3
+0.4

1,161

1,302

1,991

2,871

2,234

2, 814

+44. 2

+2.0

5.31
14.22

5.58
13.58

5.19
13.56

5.25
13.87

5.77 i
13.78 :

' 5. 81
13. 28

+1.2
+2.3

-9.6
+4.4

66, 457

65, 873 1

58, 163 i

49, 281

56, 135 >

52, 560

-15.3

71,609

105, 558

Sheep and Lambs
Sheep movement, primary markets:
Receipts
_ thousands..
1,816
Shipments, total
thousands
849
Shipments, stocker and feeder, .thousands..
257
Local slaughter
. thousands. _
963
Lamb and mutton:
Inspected slaughter product ..thous. of Ibs.. 39, 123
Apparent consumption
thous. of Ibs.. 38, 872
Cold-storage holdings,
end of month
.. thous. of lbs__
1,360
Prices:
Sheep, ewes, Chicago
dolls, per 100 Ibs..
5.16
Sheep, lambs, Chicago. . .dolls, per 100 lbs_. 13.25
Miscellaneous Meats
Cold-storage holdings, end mo_ -.thous. of lbs_.
3 As of Nov. 1.




j
63, 768 i

6

6

4 Final

estima te for 1926

-6.3
6

Revisec1.

+1.0

39

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

August

PER CENT INCREASE (+) OR
DECREASE (— )

1926

September

October

September

Oct.,
1927,

October

from
Sept.,
1927

FOODSTUFFS— Continued

Oct.,
1927,

from

Oct.,
1926

CUMULATIVE TOTAL Per ct
FROM JANUARY 1
inTHROUGH OCTOBER crease
31

or decrease

cumulative
1927
from
1926

1927

1926

|

Total Meats
Production, inspected slaughter.. thous. of lbs._ 1, 266, 415 1, 107, 662 1, 091, 069 958, 290 1,018,772 1, 062, 419 1,069,797 1 +6.3
Cold-storage holdings, end mo.. -thous. of Ibs. _ 953, 159 944, 611 867, 039 704, 799 563, 967
522,225 1 -20.0
618, 970
Apparent consumption
. . thous. of Ibs 1,084,540 1, 012, 147 1, 110, 507 61,076,686 1, 134, 816 1,119,198 1,121,986 ! +5.4
Poultry
Receipts at 5 markets . . . -thous. of Ibs
Cold-storage holdings, end mo... thous. of Ibs. _

j

+0.2

-4.8 11, 146, 181 11,169,039
+8.0
+1.1 10,254,265 10, 410, 653

+1.5

+19.3
+21.2

-6.4
-19.2

215, 228

212, 489

-1.3

23,702
70, 309

+2.8
+9.4

+15.2
-6.4

230, 620

253, 522

+9.9

1, 237, 767
130, 796

836, 374
245, 660

+24.0

-51.0

7 4,333, 866 7 4,640, 762
877, 136
828, 962

+7.1
-5.5

149, 785
38,301

116, 732
44, 761

103, 068
38, 166

+31.9
-9.3

+45.3
+0.4

1,8272, 432
502, 700

12465, 625
515, 162

163,701 6 147, 396
179, 871
186, 123
.46
.42

118, 768
178, 353
.48

125, 342
180, 883
.45

100, 871
173, 493
.47

-19.4
-0.8
+4.3

+17.7
+2.8
+2.1

1, 762, 373

1,671,173 ij -5.2

-10.2
-11.7
+4.7
-9.0

21, 479
50, 064

18, 282
42, 293

22, 691
39, 711

24, 391
6 43, 201

29, 103
52, 378

24, 579
44, 771

31,105
64,842

Total catch, prin. fishing ports.. thous. of Ibs. _ 27, 072
Cold-storage holdings, 15th of mo.thous. of lbs__ 36, 696
Canned salmon:
Shipments, United States
cases
357, 014
Exports, Canada
cases.. 35, 913
Butter

27, 322
42, 118

33, 284
54, 061

6 26, 633
6 60, 330

27, 385
65, 784

24, 414
64, 657

508, 196
48, 190

802, 320 1, 138, 147
97, 163
110, 004

120, 446

234, 043
67, 282

143, 464
58, 310

113, 555
42, 234

145, 147
178, 952
.42

Fish

Production (factory)
thous. of Ibs.. 184, 035
Receipts, 5 markets
-thous. of Ibs
75, 756
Cold-storage holdings, creamery,
end of month
thous. of Ibs _ 89, 996
Apparent consumption
_ .thous. of Ibs. . 196, 213
Wholesale prioe, New York
dolls, per Ib
.43

+15.2
+2.5

I

Cheese
Total, all varieties:
Production (factory)
..thous. of Ibs. .
Receipts, 5 markets
thous. of Ibs
Apparent consumption
thous. of Ibs. .
Cold-storage holdings
thous. of Ibs
Imports
thous. of Ibs
Exports, United States
thous. of Ibs. .
Exports, Canada..
thous of Ibs
American whole milk:
Cold-storage holdings,
end of month
thous. of Ibs..
Wholesale price, New York.. dolls, per lb._

59, 259
22, 134
50, 720
67,216
7,656
241
7,060

50, 265
24, 134
35, 849
87, 937
6,503
231
8,977

36, 157
22, 556
36, 827
90, 204
3,430
251
16, 023

36,614
21, 522
46, 587
6
85, 131
5,102
225
19, 040

32, 862
18, 995
48, 793
77,429
8,441
211
20, 944

40, 910
18, 231
46, 278
95, 385
7,449
323
19, 343

35, 867
19, 252
46, 121
89, 785
9,722
252
23, 449

-6.2
+10.0

-8.4
-1.3
+5.8
-13.8
-13.2
-16.3
-10.7

49, 999
.24

67, 091
.24

69, 749
.25

65, 453
.27

58, 867
.28

77, 646
.23

72, 491 ! -10.1
.24
+3.7

-18.8
+16.7

1,767
10, 565

1,225
10, 746

1,005
9,650

897
7,960

704
5,487

932
8,048

699
5,888

-21.5
-31.1

+0.7
-6.8

81,363

81, 418

77, 508

71,208

62, 331

51, 062

44, £66

-12.5

+38.6

+65.4

441, 586
175, £49
429, 195

371, 263
190, 059
415, 154

-15.9
+8.0
-3.3

57, 283
3,205
102, 422

63, 347
2,855
85, 584

+10.6
-10.9
-16.5

14, 269

14, 993

+5.1

Eggs
Receipts, 5 markets
thous. of cases _
Cold-storage holdings
thous of cases
Frozen, cold-storage holdings,
end of month
thous of Ibs

6
6

Milk

Condensed milk:
Manufacturers' total stocks, end
of monthCase goods
-thous, of lbs_. 41, 028
Bulk goods
thous. of lbs_. 20, 223
Manufacturers' unsold stocks, end
of month)—
Case goods.
thous. of lbs_. 37, 205
Bulk goods
thous. of Ibs
7,553
Exports
..thous. of Ibs..
3,190
Wholesale price, New York-dolls, per case..
5.90
Evaporated milk:
Manufacturers' total stocks,
case goods.—
thous. of lbs_. 168, 599
Manufacturers' unsold stocks,
126, 534
case goods
thous of Ibs
8,926
Exports
thous. of Ibs .
Wholesale price, New York .dolls, per case.4.60
Production, condensed and
evaporated milk
thous. of Ibs. . 279, 772
Powdered milk:
12, 356
Manufacturers' total stocks thous of Ibs
Exports
thous. of Ibs..
251
6,196
Net orders
thous. of Ibs..
Fluid milk:
Receipts19, 633
Boston (includ cream) thous of qts
Greater New York
thous. of qts.. 116, 448
Production—
Minneapolis, St. Paul thous. of Ibs.. 30, 835
Consumption in manufacture
5,689
of oleomargarine
thous. of lbs._
5
Revised.




44,028
19, 883

43, 559
20, 796

38, 140
7,719
2,716
5.83

38, 325
7,436
3,532
5.83

213,068

236, 173

38, 357
6 19, 566

35, 932
14, 896

34, 106
21, 478

27, 945
18, 438

-6.3
-23.9

+28.6

33, 004
6, 500
2,439
6.00

30, 535
5,921
2,760
6.00

26, 711
8,203
3,001
5.76

23, 010
7,869
2,521
5.85

-7.5
-8.9
+13.2
0.0

+32.7

-7.6

+60.2

6

-19.2

-24.8
+9.5
+2.6

222,482

205, 587

151,687

128, 346 .

203, 643 6198,281
176, 763
3,756
6,326 » 4,240
4.58
4.58
4.58

183,239
5,130
4.58

115, 700
5,191
4.45

104, 385
4,657
4.41

219,255

175,316

120, 928

112, 651

119, 258

109,476

-6.8

+2.9

13, 746
241
5,781

12, 232
238
5,683

10, 646
239
6,531

9,110
307
5,735

14, 146
289
5, 031

12, 299
171
5,249

-14.4

-25.9

-12.2

+9.3

19,366
118, 672

18, 095
110, 694

17, 586
111,582

114,981

17,570
107, 254

17, 758
108, 469

+3.0

+6.0

26, 718

21, 157

19, 046

20,217

19, 070

19, 328

+4.6

4,817

5,566

6,410

7,332

5,991

6,504

+75.5
+36.6 +10.2

1

!!

!

jj

:
32, 320 1

29, 561

-8.5

63, 226

58, 854

-6.9

1, 545, 668

1, 715, 663

-7.6
.0

+3.9

+28.5 +79.5

+6.7
+14.4

7 Cumulative through Sept. 30

+12.7

+110

2, 692
54, 115

+23.1
+1.6

7 157, 784
1,067,233

7 161, 045
1,114,042

+2.1
+4.4

255,240

253, 134

-.8

61, 836

+8.4

2,187 1
53, 251

57,020 i

40
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

PER CENT IN- i
CREASE (+) OR
DECREASE (— )

1936

1927

Oct.,
June

July

August

September

October

98, 160
323,434
459, 108
308, 961

93, 071
346, 818
457, 961
296, 012

74, 520
278, 078
384, 903
258, 427

76, 540
319, 464
375, 748
254, 963

Septem
ber

1927,

from
Sept.,
1927

October

Oct.,
1927,
from
Oct.,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

Per ct.
increase
or decrease

1926

1927

1, 110, 530
3, 555, 004
4, 556, 025

1,156,815
3,250,708
4, 343, 065

cumulative
1927
from
1926

FOODSTUFFS— Continued
Sugar
Raw:
Imports—
From Hawaii and Porto
Rico
.
long tons
140, 717
From foreign countries
-long tons.. 285, 968
Meltings, 8 ports . . -.
long tons 503, 703
Stock at refineries, end mo
long tons.. 361,915
Receipts, domestic, at New
Orleans
long tons
42
Refined:
Exports, including maple
long tons
8,345
Prices:
Wholesale, 98° centrifugal,
N. Y
. -dolls, per Ib
.046
Wholesale, granulated, N. Y -dolls, per lb__
.060
Retail, granulated, N. Y
dolls, per lb._
.065
Retail average, 51 cities
index number..
133
Cuban movement: I
Receipts at Cuban ports
long tons.. 185, 360
Exports
long tons.. 359, 738
Stocks end of month
long tons 1, 156, 430
Coffee
Imports
.-thous. of lbs_. 110,616
Visible supply, end of month:
World
.._
.-thous. of bags..
4,393
United States
thous. of bags
788
Receipts, total, Brazil
thous. of bags..
1,137
Clearances:
Total, Brazil,rfor world
thous. of bags..
1,169
Total, Brazil, for U. S
thous. of bags..
655
Price:
Rio No. 7, Brazil grades, N. Y.dolls. per lb_. - .148

56, 798
326, 105
448, 043
287, 655

+2.7 +48.6
+14.9 +6.5
-2.4 -20.3
-1.3 +14.8

51, 505
299, 863
471, 192
222, 129

+4.2
-8.6
-4.7

33, 303

1,776

-94. 7

87, 462

103, 633

+18.5

25

34

23

None.

228

157

12, 956

17, 297

4,451

3,642

5,464

4,213

-18.2

-13.6

.045
.059
.067
135

.045
.056
.066
133

.048
.058
.064
131

.047
.057
.064
131

.044
.056
.062
127

.046
.057
.064
129

-2.1
-.17
.0
.0

+2.2
.0
.0
+1.6

157,420
343, 161
998, 209

208, 474
403, 719
783, 717

167, 805
292, 816
671, 952

151, 747
304, 118
531, 142

186, 580
473, 190
603, 469

197,350
434, 253
390, 989

-9.6
+3.9
-21.0

-23.1
-30.0
+36.1

4, 379, 815
4,117,453

4, 065, 019
3, 557, 449

-7.2
-17.6

104, 466

132, 914

87,979

128,871

105, 163

159, 567

+46.5

-19.2

1,235,843

1, 137, 069

-8. 0

4,537
jfc 634
1,136

4,716
825
1,283

4,622
547
1, 234

4,917
634
1,586

4,663
912
1,053

4,601
899
1,108

+6.3 +6.9
+15.9 -29.5
+20.4 +43.1

9,912

11,397

+15. 0

1,232
666

1,292
595

1,292
712

1,520
862

1,240
694

1,363
780

+17.6 +11.5
+21.1 +10.5

11,440
6,060

11,717
6,295

+2.4
+3.9

.142

.139

.135

.147

.177

.161

75, 635

69,997

-7.5

j

+8.9

-8.7

i

:j

i|

Tea

Imports
Stocks, United Kingdom,
end of month
Price:
Formosa fine, New York

thous. of Ibs..

5,343

6,101

9,467

9,586

9,687

12, 148

11,057

+1.1

-12.4

thous. of Ibs..

145,417

137, 417

146,684

164,368

185, 921

175, 012

• 186, 021

+13.1

-.1

dolls, per lb_.

.345

.345

.345

.345

.345

.355

.355

.0

-2.8

TOBACCO
3
*1,190,357
1,301 211
Production, crop estimate
thous of Ibs
Consumption (tax-paid withdrawals):
664, 497
604, 870
576, 528
639, 359
688, 921
561,199
600, 016
Large cigars
thousands
Small cigarettes
. thousands.. 8,736,464 8, 277, 052 9, 328, 055 8,994,416 8, 552, 397 8, 086, 274 8, 060, 677
Manufactured tobacco
34, 731
and snuff
thous. of Ibs.- 35, 059
35, 337
33, 992
34, 673
31, 570
36, 224
Exports:
27, 817
47, 044
53, 129
38, 394
28, 229
38, 319
Unmanufactured leaf
_ .thous. of lbs._ 33, 053
Cigarettes
_ thousands . 809, 523 479, 166 365, 448 371, 168 672, 015
762, 387
654,013
236
131, 891
Sales of loose-leaf, warehouses
thous. of Ibs.66, 810
162, 386
102, 691
136, 824
72

:

|

t

+7.8
-4.9

+6.9 5, 469, 378 5, 524, 203
+6.1 75, 710, 071 82, 212, 393

+1.0
+8.6

-2.0

-2.1

350,903

335, 838

-4.3

+22.5 -11.5
+81.1 +2.8
+18.7 +23.1

379, 257
8, 108, 255
516, 734

404, 790
6, 179, 538
686, 402

—4.3
-23.8
+32.8

+13.3 +14.4
+11.1 +5.2
+20.2 +28.4
+4.1 -12.8
+6.7 +9.5
+31.2 +7.0

23, 006
12, 426
5,537
78, 119
2,044
622, 817
7
18, 893
4, 571, 784
5, 368, 577
859, 289

24, 041
13, 135
5,477
75, 288
2,255
624, 540
7
22, 146
6, 339, 731
6, 950, 960
1, 006, 105

+4.5
+5.7
-1.1
-3.6
+10.3
+0.3
+17.2
+38.7
+29.5
+17.1

-9.5 -8.2 7, 800, 562 8, 112, 678
+5.3 +61.6 2, 071, 037 2, 440, 180
-2.3 -7.4 20, 161, 931 20, 507, 030

+4.0
+17.8
-0.5

TBANSPOETATION
River and Canal Cargo Traffic
Panama Canal:
Total cargo traffic
thous. of long tons .
2, 229 •
2,450
1,341
In American vessels. -.thous. of long tons..
1,318
432
In British vessels
thous. of long tons
524
Sault Ste. Marie Canals, .thous. of short tons.. 12, 614
11, 660
381
New York State Canals. . . thous. of short tons_.
292
Cape Cod Canal.
short tons.. 84, 062
65, 849
Suez
Canal
thous.
of
metric
tons
2,298
2,548
WTelland Canal
short tons
991, 787
752, 831
St. Lawrence Canal.
short tons.. 1,211,603 898, 273
Mississippi River, Govt. barges
short tons.. 94, 092
96, 643
Ohio River, Pittsburgh, Pa., to
Wheeling, W. Va
short tons
817, 446
951, 562
Allegheny River
short tons
260, 612
316, 859
Monongahela River.
short tons.. 1, 851, 453 1, 990, 824

2,430
2,398
2,718
1,390
1,257
1,396
514
594
714
11,231
11, 721
10, 791
381
390
357
58, 685
67, 873
89, 030
2,477
2,389
1, Oil, 771 1, 090, 647 1, 130, 277
1, 128, 517 1, 178, 199 1, 198, 952
122, 300
103, 000
89, 396

2,240
1,254
573
12, 789
416
58, 831
1, 845
717, 548
872,597
110, 690

2,375
1,327
556
12, 879
348
83, 218
2,153
833, 591
923, 051
103, 960

+3.6 +35.6
+1.8 +29.9
+15.2 -0.9

894, 938
1, 007, 373
988, 412
927,851 975, 225
333, 279
421, 985
444, 358
291, 111 274, 931
2, 132, 449 2, 181, 251 2, 132, 076 2, 317, 562 2, 303, 595

Ocean Traffic
Clearances, vessels in foreign trade:
Total
thous. of net tons..
American
.-thous. of net tons
Foreign. .
thous. of net tons

6,835
2,575
4,260

7,142
2,649
4,493

7,517
2,749
4, 769

7,231
2,712
4,520

6,713
2,797 !
3,916

7, 657
2, 554
5, 103

7,940
2,908
5,032

-7.2
+3.1
-13.4

-15.5
-3.8
-22.2

64, 454
23, 103
41, 350

11,317
6, 244

12, 414
9,648

-70.5
-25.2

-26.0
-65.1

168, 456
110, 343

281

273

62, 892
24, 166
38, 726

-2.4
+4.4
-6.3

Shipbuilding
Completed during month:
Total. ..
gross tons
24, 352
56, 075
25, 184
Steel seagoing
gross tons.. 48, 174
19, 141
21, 145
Building or under contract, end of month:
219
Merchant vessels
thous. of gross tons..
219
216
* Final estimate fo r 1926.
' As of Nov. 1




9,290
3,364

31, 510
23, 303
216
6

"Revise d.

i

7

2, 208

Cumulative thro ugh Sept. 3().

+ 76.2
296, 832
224, 642 +103.6
1 2, 251

+1.9

41

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

August

July

September

September

October

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

PER CENT INCREASE (+) OR
DECREASE (— )

1926

October

Oct.,
1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

1926

I

Per.ct,
increase

or de^
crease
(-)
cumulative
1927
from
1926

192*

TRANSPORTATION— Continued
i

Freight Cars
Surplus (daily av. last week of month):
Total
*
Box
Coal
Shortage (daily av. last week of month):
Total
Box
Coal
Car loadings:
Total
.
Grain and grain products . .
Livestock
Coal and coke
.
Forest product
Ore _
Merchandise and 1. c. 1
Miscellaneous

j

cars
cars
cars

274, 223
147, 831
81, 330

273, 275
154, 437
76, 554

214, 985
123, 901
53,204

135, 059
34, 805
74, 126

168, 829
61, 455
82,411

114, 730
62, 202
27, 519

81, Oil
45, 148
12, 106

cars
cars
cars

None.
None.
None.

None.
None.
None.

151
None.
147

371
None.
371

302
None.
103

542
403
100

1,945
460
1,360

cars 3, 974, 160 4, 935, 397 4, 249, 359 4, 360, 022
cars
156, 472 229, 524 219, 898 238, 699
cars
108, 383 128, 226 112, 323 123, 354
653, 119 770, 272 735, 389 760, 522
cars
cars
270, 554 320, 847 275, 251 270, 322
255, 562 317, 924 248, 462 225, 581
cars
cars 1, 001, 882 1, 250, 761 1, 042, 893 1, 039, 460
cars 1, 528, 188 1, 917, 843 1, 615, 143 1, 702, 084

5, .587, 921 4, 523, 112 5, 967, 576
259, 260
196, 316
273, 675
147, 100 200, 243
193, 753
845, 152 1, 193, 973
1, 004, 056
361, 092
282, 182
336, 527
338, 332
300, 786
243, 550
1, 348, 614 1, 041, 404 1, 357, 562
2, 187, 746 1, 710, 172 2, 257, 114

+25.0 +108. 4
+76.6 +36.1
+11.2 j +580. 7
-18.6
0.0
-72.2

-84.5

i

:

-24.3

+28.2 -6.3 45, 101, 716
+14.7 +5.6 2, 013, 241
+57.1 -3.2 1, 341, 349
+32.0 -15.9 8, 670, 770
+24.5 -6.8 3, 163, 597
+8.0 -28.0 2, 010, 731
+29.7 -0.7 11, 309, 242
+28.5 -3. 1 16, 592, 786

-1.4
+0.6
-3.7
-7.2
-6.6
-11.8
+0.2
+0.6

44, 459, 425
2, 024, 509
1, 292, 378
8, 390, 608
2, 954, 924
1, 774, 063
11, 337, 109
16, 685, 834

Railroad Operations
Operating revenue:
Freight
Passengers
Total operating
Operating expenses
Net operating income
Freight carried

i

thous of dolls
thous of dolls
thous of dolls
thous of dolls
thous of dolls
mills ton-miles

381, 975
85, 956
517, 029
388, 025
87, 364
38, 483

369, 985
91, 633
509, 380
383, 717
84, 383
38, 380

415, 179
91, 691
557, 436
393, 294
118, 226
41, 973

6 444, 973
« 92, 736
« 591, 240
• 398, 762
« 145, 763
« 44, 346

426, 752
86, 293
565, 091
386, 388
132, 770
42, 954

j 7 3, 528, 580
i 794, 642
7
4, 763, 098
7
3,7 498, 959
890, 944
7
356, 932

471,478 i
82, 082
609,045 1
414, 902
146, 125
48, 273

7

3, 474, 057

-1.5
-5.8
-2.3
-0.8
-9.2
+0.1

7
748, 260
7
4, 652, 987
7
3, 471, 264
7
808, 606
7

357, 294

Railway Equipment

j

Locomotives (Am. Ry. Assn.):
Owned, end of month
number..
Tractive power
mills, of lbs._
In bad order end mo
number
Per cent of total in use-per cent-.
Installed during month
number..
Retired during month
_
number
Ordered from manufacturers. . number
Unfilled orders (railroads) —
From manufacturers
number
In railroad shops
number
Shipments manufacturers (Census) —
Total
number
DomesticSteam
number
Electric .
number
Unfilled orders manufacturers (Census)—
Total
number
DomesticElectric..Exports, steam
Freight cars (Am. Ry. Assn.):
Owned end of month
Capacity
In bad order end mo

number. .
number

_ 2

61,931
2,611
8,759
14.3
258
500
38

61,765
2,609
8,535
14.0
155
331
26

61, 540
2,603
8,502
13.9
104
329
20

61, 455
2,605
8,345
13.6
177
262
6

61,305
2,605
8,778
14.4
195
345
8

63, 044
2,611
8,889
14.2
224
278
31

62, 830
2,611
8,654
13.9
175
390
30

+5.2
+5.9
+10.2
+31.7
+33.3

-2.4
-.2
+1.4
+3.6
+11.4
— 11.5
-73.3

200
37

173
36

171
36

102
32

53
27

343
100

262
72

-48.0
-15.6

-79.8
-63.9

89

60

81

127

110

134

151

-13.4

-27. 2 I

63
18

35
18

71
6

86
7

81
10

109
13

124
15

-5.8
+42.9

-34.7 i
-33.3

400

399

363

271

180

498

390

-33.6

-r53.8

333
31
22

299
57
16

244
68
11

167
49
8

386
24
12

286 -41.9 -66.1
20 -12. 2 +115.0
+5.6
18 +137. 5

97
43 !
19

!o

cars..

6.2
7,566

6.3
1,459

6.2
1,066

6.0
40

6.1
326

6.5
2,564

-.1
+.1
+1.4
+1.7
6.1
2,891 +715. 0

cars
cars

5,935
5,584

5,544
5,528

5,317
5,270

4,397
4,393

4,320
4,101

5,606
5,560

5,311
4,388

—1.8
-6.6

cars

21, 956
14, 678
7,278

18, 303
12,385
5,918

18, 096
13, 545
4,541

14,437
10, 799
3,638

10, 901
6,991
3,910

13, 468
• 8,118
5,350

11,484
7,046
4,438

-24.5
-35.3
+7.5

cars 2, 332, 728 2, 330, 042 2,328,328 6 2,326,616 2, 324, 988 2, 348, 956 2, 345, 447
211,975
212, 089
mills, of Ibs.. 212, 001 211,917 211,935 6211,970 212, 032
139, 484
149, 078
139, 441
137, 571
cars
141,433
145, 590
145, 038

Ordered from manufacturers.
Shipments by manufacturersTotal
Domestic
Unfilled orders (railroads)—
Total
In railroad shops
Passenger cars:
Ordered from manufacturersShipments by manufacturersTotal
Domestic
Unfilled orders, end of quarter

cars

131
178
163
2 766

263, 268
54, 821

542, 544
113, 626

492, 016
98, 449

199, 336
29, 089

50, 101
12, 862

212, 387
50, 383

55, 543
15, 620

24, 000
25, 736

23, 420
29, 635

28, 418
57, 701

31, 000
75, 557

35, 297
71, 263

34, 528
34, 176

32 j

!
!

249

198

-20.5

i

!
!

-6.1

-18.7 |
-6.5 j

75,011
72, 829

47, 966
47, 234

-36.1
-35.1

1,192

1,033

-13. 3

1, 897
1, 832

1,080
1,040

-43. 1
-43.2

1, 710, 162
305, 783

1, 914, 692
365, 265

+12.0
+19.5

-5.1
-.8
-11.9

-9.8
-17.7

18
119
119

-34.3

654
-40.0
126 j -13.1

44, 831

-74.9
-55.8

19
201
201
2709

948

l.O&l
145

47, 726

-43.7

36
152
146

1, 442

.0
-88.7 |

-39.6
-39.6
—7.4

69
119
119

-9.1
+8.3
-47.2

+'.1
-.1 :

-5.3

61
147
147
2
1,051

H
1,671
2,828
490

g

197 I -40.8
197 -40.8
< —32.5

cars.cars
cars
cars..

:
1,839
2,612
928

1

1

Passenger Travel
National parks:
Visitors
number
Automobiles entered
number
Arrivals from abroad:
Immigrants
number
United States citizens
number
Departures abroad:
Emigrants
number
United States citizens
number
Passports issued
number-Pullman company operations:
Revenue
thous of dolls
Passengers carried
thousands. .
2
Quarter ending in month




3,133
51,379
27, 813

9,230
65, 686
14, 831

6,322
43, 039
10, 269

7,625
39, 748
8,474

7,129
3,096

7,379
3,234

7,528
3,428

7,625
3,288

indicated.

5 Revised.

8,063

6,634
26, 268
8,747

5,377
18, 150
7,896

7,646
3,399

6, 778
2,997

i7 247, 216
299, 378

7
7

7
7

-4. 9

+2. 1

51, 462
311, 989
159, 168

7
7

62, 601
27, 503

Cumulative through Sept. 30.

242, 058
318, 984

-2.1
+6.5

7
7

48, 764
-5.2
+7.0
333, 772
165, 447 ' +3.9

7
7

62, 132
26, 910

-0.7
-2.2

42

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

August

j

S6

berm"

September

October

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER

PER CENT INCREASE (+) OR
DECREASE (— )

1926

Oct.,
1927,
from
Sept.,
1927

October

31

or decrease

Oct.,
1927,
from
Oct.,
1926

1926

cumulative
1927
from
1926

1927

PUBLIC UTILITIES
Telephone companies:
Operating revenues
_ thous. of dolls
65, 970
Operating income
thous. of dolls
16, 372
Telegraph companies:
Commercial telegraph tolls. thous. of dolls. . 10, 850
Operating revenue
thous of dolls
13, 416
Operating income
thous. of dolls
1,928
Electric railways (212 companies) :
Passengers carried
thous. of persons
768, 968
Electric power production (United States) :*
Total
mills, of kw. hours
6,475
By water power
mills, of kw. hours. . 2,532
By fuel
mills, of kw hours
3,943
In street railways,
manfg. plants, etc mills, of kw. hours..
347
6,128
In central stations
mills, of kw. hours. _
Gross revenue sales
thous. of dolls. . 141, 300
Electric power production (Canada):*
Total
thous. of kw. hours
32, 045
By water power
thous. of kw. hours ... 31, 614
By fuel
thous. of kw. hours
431

Per ct.
increase

j

64, 573
14, 232

65,758
14, 972

62, 009
14, 848

66, 529
16, 322

62, 641
15, 920

10, 104
12, 656
1,417

11,241
13, 894
1,940

11,172
13, 822
1,632

11, 654
e 14, 256
6 1, 887

12, 205
13, 998
1,678

733, 470

745, 769

728, 371

742, 932

807, 261

6, 661
62,411
6 4, 250

6,560
2,223
4,337

6,221
2,078
4, 143

6,594
2,181
4,413

346
6
6, 109
134, 300

349
6 6, 312
135, 300

338
6,222 "

354
5,867
132, 300

380
6,214
141, 300

30, 504
30, 043
461

33, 384
32, 885
499

33, 070
32, 559
511

471
202
93
84
73
119.7
93.1
82.1

474
206
93
84
71
121.7
94.4
84.0

484
197
95
84
74

485
192
95
84
73

94.2
85.2

93.7

13, 632
255.7
98
81
74

13, 898
278.7
101
85
75

14, 317

14, 195

6 6, 455
6 2, 434
4,021

6

~~

30, 980
30, 508
472

7
7

•

7

536, 026
126, 599

7

7
7

7

7
7

|

i

95, 267 |
118, 180 i
15, 708

7

7, 001, 229
7

53, 898
19, 348
34, 551

7
7

7

i

7

-2.2
+0.2
+2.2

7

7, 059, 001
7

+9.2
+13.3

7

97, 402
117, 966
15, 373

7
7

585, 194
143, 416

-0.8

58, 677
21, 974
36, 703

+8.9
+13.6
+6.2

7

3, 472
50, 426

3, 312
55, 365

-4.6
+9.8

292, 363
287, 937
7
4, 426

+9.3
+9.1
+23.0

7

"j
7

32,378 i
31,931
447

::::::

!

+0.2
-2.5
0.0
0.0
-1.4

-4.2
-11.5
-5.0
-10.6
-6.4

-0. 5

-8. 5

!

7

7

267, 466
263, 868
7
3, 598

7

EMPLOYMENT AND WAGES
Employment in factories:
479
New York State f.
. , . thousands
Detroit
thousands . _
189
94
New Jersey (rel. to 1923) _ - .index number-86
Pennsylvania (rel. to 1923) .index number. .
72
Delaware (rel. to 1923)
index number..
Wisconsin (rel. to 1915)
index number _. , 116.0
Illinois (rel. to 1922)
index number
96.6
84.1
Massachusetts (rel. to 1914) .index number. .
Total payroll:
New York State (weekly)f -thous. of dolls. _ 13, 977
Wisconsin (rel. to 1915)
index number-266.6
New Jersey (rel. to 1923) index number-103
87
Pennsylvania (rel. to 1923) .index number-Delaware (rel. to 1923)
index number. .
75
Ohio construction employees
77
(rel. to 1923)
index number
Federal civilian employees, Washington, D. C., end of month _
number
59, 800
Average weekly earnings (State reports) :
29.27
Illinois factory labor
dolls
New York State, factory labor
dolls..
29.17
Wisconsin, factory labor
dolls
26.05
231.9
Massachusetts (rel. to 1914) -index number-110
New Jersey (rel. to 1923) .. .index number-102
Pennsylvania (rel. to 1923) .index number-103
Delaware (rel. to 1923)
index number-Average weekly earnings (National Industrial
Conference Board) :
27.34
Grand total (both sexes)
dollars
29.98
Total male
.
dollars
Skilled male
dollars..
31.48
24.49
Unskilled male
.dollars .
Total women
dollars
17.37
Average weekly hours:
49.6
Nominal (both sexes)
hours
Actual (both sexes)
hours
47.9
Wages of common labor, by geographic
divisions:
New England
cents per hour..
51
46
Middle Atlantic
cents per hour _
South Atlantic
cents per hour
29
25
East South Centralcents per hour..
West South Central
cents per hour..
26
East North Central
cents per hour..
38
West North Central
cents per hour..
38
Mountain
.cents per hour .
44
Pacific
_.
.. cents per hour
54
United States, average
cents per hour_.
39
Wage rates, U. S. Steel Corp
cents per hour..
50
Wages, steel workers, Youngstown
district
per cent of base
125.5
Applicants per 100 jobs, employment agencies:
United States, average
number..
137
Eastern States
number. .
149
Central States
_
munber..
163
Southern States
number .
125
Western States
number..
65
6
Revised.
7
Cumulative through Sept. 30.




!

102
83
76

102
85
76 ;
86

93
82
123.9
102.9
90.0

506
217
100
94
78
121.0
102.4
90.8

14, 664
278.0
106
93
83

14, 853
285.5
110
98
82

6.6
+2.4
0.0

—7. 3
-3.3
-7.3

—9 5

-14.9

500
234

loo

-0.9 | -4.4

112

101

59, 849

59, 618

27.95
29.31
25.32
231.1
106
99
99

29.03
29.34
26.62
229.9
110
104
103

27.32
29.70
31.18
24.29
17.32

27.38
29.83
31.39
24.03
17.34

27.43
29.79
31.26
24.28
17.64

49.5
47.8

49.5
47.8

49.6
48.4

49.8
48.6

50
47
30
25
30
37
37
45
54
39
50

49
47
27
26
28
38
37
46
54
39
50

49
46
26
25
33
40
38
46
54
40
50

48
46
28
25
32
40
38
48
56
40
50

49
47
39
25
36
37
36
44
52
39
50

49
47
27
25
29
39
36
42
52
39
50

125.5

125.5

125.5

125.5

133.0

133.0

0.0

-5.6

134
145
152
118
87

129
137
156
122
70

121
131
136
114
79

120
129
145
122
61

100
105
118
85
58

104
112
122
72
65

-0.8
-1.5
+6.6
-7.0
-22.8

+15.4
+15.2
+18.9
+69.4
-6.2

88

96

95

60, 433

60, 413

60, 267

28.32
23.95
24.22
229.1
106
96
99

28.61
29.29
25.94
236.4
109
101
102

27.65
29.57
25.40
237.1
109
98
101

26.82
29.27
30.74
23.95
17.08

27.16
29.76
31.33
24.08
17.26

49.7
47.3

29.28

109
101
102

-1.6 j

-6.2

0.0
+3.1
+1.0

-0.9
29
-LO

-2.0
0.0
+7.7
0.0
-3.0
0.0
0.0
+4.3
+3.7
0.0
0.0

-2.0
-2.1
+3.7
0.0
+10.3
+2.6
+5.6
+14.3
+7.7
+2.6
0.0

* See table on p. 26 of the November, 1927, issue for earlier data.
f See table on p. 21 of the September, 1927, issue for earlier data.

i

i

43
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

PER CENT INCREASE (+) OR
DECREASE ( — )

1926

August

September

October

September

October

Oct.,
1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

1926

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927 J
from
1926

1927

EMPLOYMENT AND WAGES-Contd.
Factory Labor Turnover
(Percentages of number on pay roll)
Departures:
Total
Voluntary quits
Layoffs
Discharges
Accessions

per
per
per
per
per

cent
cent
cent
cent :
cent

54.0
31.2
8.4
7.2
49.4

39.1
27.6
5.6
5.9
37.8

40.7
27.2
8.6
4.9
41.7

51.3
38.0
6.0
7.3
52.6

38.0
25.3
7.7
5.0
38.3

58.4
47.6
4.9
6.1
69.4

43.6
31.9
4.7
7.1
57.7

-25.9
-33.4
+28.3
-31.5
-27.2

-12.9
-20.7
+63.8
-29.6
-33.6

41, 849
36, 039
19, 341
16, 698

36, 639
32, 967
20, 961
12, 006

41, 406
37, 795
23, 970
13, 825

46, 218
40, 987
24, 609
16, 378

57, 776
50, 869
29, 302
21, 567

43, 742
37, 907
21, 648
16, 259

54, 743
46, 995
26, 840
20, 155

+25.0
+24.1
+19.1
+31, 7

+5.5
+8.2
+9.2
+7.0

423, 859
371, 009
214, 726
156,283

496, 894
384, 581
228, 568
156, 013

37,444
2,311
20, 406
1,533
10, 064
398
2,863
208
4,111
172
903
86
1,019
53
3,299
119

36, 884
2, 334
20, 176
1,546
9,791
404
2,859
212
4,058
172
864
86
912
53
3,018
126

39, 539
2, 34'9
21,400
1,552
10, 522
409
3,053
214
4,564
174
965
90
944
54
3,114
130

38, 738
2,371
20, 740
1,568
10, 422
413
3,020
215
4,556
175
978
90
1,002
55
3,278
135

46, 498
2,396
26, 032
1,584
12, 084
419
3,313
217
5,069
176
1,120
90
1,223
55
4,275
146

35, 202
2,172
19,339
1,471
9,439
345
2,543
189
3,881
167
872
81
799
40
2,772
95

e 42, 913
2,191
6 24, 802
1,482
6 10, 935
354
6
2, 916
187
4,260
168
1,048
81
1,025
41
3,799
101

! +20.0
! +1.1
! +25. 5
+1.0
+15.9
+1.5
+9.7
+0.9
+11.3
1 +0.6
+14.5
0.0
+22. 1
0.0
! +30.4
+8.1

+8.4
+9.4
+5.0
+6.9
+10.5
+18.4
+13.6
+16.0
+19.0
+4.8
+6.9
+11.1
+19.3
+34.1
+12.5
+44.6

338, 577

364, 596

+7.7

189, 758

197, 125

+3,9

87, 810

98, 721

+12.4

24, 630

29, 143

+18.3

37, 379

41, 607

+11.3

- 7,857

8,834

+12.4

7, 723

9, 474

+22.7

25, 754

30, 751

+19.4

111, 900
27, 666

104, 674
27, 869

107, 234
27, 985

107, 714
28,068

118, 373
28, 191

85, 082
25, 923

93, 639
26, 114

+9.9
+0.4

+26.4
+8.0

865, 015

1, 170, 264

+35.3

8,236
731

8,484
747

8,439
747

8,243
762

9,149
792

7,531
652

8,078 +11.0
660 i +3.9

+13.3
+20.0

74, 182

94, 439

+27.3

8,943
3,413

9,080
3,422

8,707
3,451

8,678
3,449

9,099
3,453

9,037
3,354

9,607
3,389

+4.9
+0.1

-5.3
+1.9

87, 509

101, 378

+15.8

3,621
595

3,386
600

3,076
606

3,278
606

3,673
614

3,313
566

3,684
566

+12.1
+1.3

-0.3
+8.5

32,888

38, 028

+15.6

784
62

720
62

890
62

1,136
62

1,159
61

1,244
61

1,366
62

+2.0
-1.6

-15.2
-1.6

10, 590

11, 155

+5.3

2,605
275

2,558
277

2,523
277

2,713
280

2,830
267

2,649
274

2,754
263

+4.3
-4.6

+2.8
+1.5

24, 830

29, 794

+20.0

3,454
231
14, 952
2,281

3,411
231
14, 766
2,255

3,646
233
15, 648
2,463

3,598
235
15, 311
2,437

3,602
235
15, 328
2,378

3,853
225
17, 124
2,682

3,837
225
17, 053
2,593

+0.1
0.0
+0.1
-2.4

-6.1
+4.4
-10.1
-8.3

36, 683

35, 940

-2.0

24, 755

24, 038

-2.9

1,173

1,155

1,183

1,161

1,224

1,171

1,244

+5.4

-1.6

11, 928

11, 902

-0.2

430
21
1,192
17
11,377
787
6,471
3,106
2,471
298

415
21
1,068
17
10, 441
842
6,593
3,115
2,447
298

394
21
1,712
17
11,007
854
6,447
3,143
2, 225
297

468
622
6 1, 907

+8.8
0.0
-22.1
+5.6
+25.0
+0.7
+5.4
+0.1
+3.1
0.0

+9.7
+22.2
-7.4
+26.7
+29.5 1
+19.7
-0.8 i
+1.7
-17.2
+2.8

3,334

4,071

+22.1

13, 735
883
6,473
3,139
2,164
297

509
22
1,486
19
17, 165
889
6,822
3,143
2,231
297

1,734
84, 138

2,128
82, 865

2,542
100, 737

115, 472

2,626
103, 999

2,703
6 122, 358

+14.6

24, 668
5,487
1,950

22,704
5,161
1,572

26, 250
5,323
1,597

30, 257
5,144
1,103

6 26, 729
6 5, 901
6 1, 821

6 29, 554
6 5, 598
6 1, 355

+15.3
-3.4
-30.9

+2.4
-8.1 !
-18.6

2,241
895
3,533
724
278

2,776
601
3,325
344
262

3,198
649
3,203
230
819

3,507
917
3,766
246
840

2,267
741
3,011
188
780

6 1, 938
6784
e 3, 680
6219
6 1, 053

+9.7
+41.3
+17.6
+7.0
+2.6

+81.0
+17.0
+2.3
+12.3
-20.2

"

ji
i
i

DISTRIBUTION MOVEMENT

:

Retail Sales
Mail-order houses:
Total sales, 4 houses
thous. of dolls
Total sales, 2 houses
thous. of dolls..
Sears, Roebuck & Co
thous. of dolls
Montgomery Ward & Co,. -thous. of dolls. .
Ten-cent chain stores:
Total sales (4 chains)
thous. of dolls..
Total stores operated (4 chains) number
F. W. Woolworth & Co... -thous. of dolls ..
Stores operated
number
S. S. Kresge Co
thous. of dolls
Stores operated
number
McCrory Stores Corp
thous. of dolls..
S tores operated
number
S. H. Kress & Co
thous. of dolls. _
Stores operate!
number
Metropolitan
thous of dolls
Stores operated
number
F. & W. Grand
thous. of dolls .
Stores operated
number
W. T. Grant Co
. .thous. of dolls
Stores operated
number
Chain stores:
GroceriesSales
thous. of dolls-Stores operate!
number
DrugSales.
_
. thous. of dolls
Stores operated
number
CigarSales
thous. of dolls.Stores operated
number
ShoeSales
thous. o* dolls..
Stores operated
number
MusicSales
thous of dolls
Stores operated
nu Tiber
Candy—
Sales. - _ _ _ . - . -thous. o f dolls
Stores operate!
number
Restaurant chains:
Total sales (2 chain 0- - -thous. of dolls .
Stores operated
._
number
Average per store
dollars. Childs Co., sales
thous. of dolls..
J. R. Thompson Co.,
sales
thous. of dolls. .
Other chain stores:
Isaac Silver & Bros
-. thous. of dolls. .
Stores operated
number
Harfrman Corporation
thous. of dolls .
Stores operated
..
number
J. C. Penny Co
thous. of dolls..
Stores operated
number
United Cigar Stores Co thous. of dolls. .
Stores operated
number
A. Schulte (Inc.)
thous. of dolls..
Stores operated
number

618

397
M64
618
17
6
2,046
1, 605
15
15
10, 622 6 13, 256
743 i
735
6,560 » 6, 878 1
3,059
3,091
2,693 1
2,442
286
289

+17.2
+3.7
+6.4
-0.2

15, 946

14, 734

-7.6

86, 362

112,115

+29.8

64, 250

64, 170

-0.1

22, 962

23, 731

+3.3

22, 191
-5.6 | 1,050,236

22, 580
1, 002, 603

+1.8
-4.5

274, 507
54,170
15, 908

+0.2
-7.9
+7.4

Advertising
Magazine advertising for the following
1,864
month
thous. of lines .
Newspaper advertising
thous. of lines.. 100, 873
National advertising in newspapers:*
Total _ -.
thous. of lines . 29, 497
Automobile advertising
thous. of lines. . 5,019
Automobile accessories
thous. of lines..
2,379
Cigars, cigarettes, and
2,527
tobacco
thous. of lines. .
918
Financial ..
__ thous. of lines
Food, groceries, beverages. -thous. of lines..
4,565
Ilotels and resorts
thous. of lines
965
Household furniture
thous. of lines..
549
«Revised.




*See table on p. 25 of the November, 1927, issue for earlier data.

1

274, 006
58, 833
14, 814
21, 330
8,606
35, 792
4, 476
6,224

27,046
8,535
36, 8041
4, 7561
5, 989

+26.8
-0.8
+2.8
+6.3
-3.8

44

TREND OF BUSINESS MOVEMENTS—Continued
t
]i
1927

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927 , "Survey "

June

July

August

!
i

Oct.,
1927,
from
Sept.,
1927

Septem- October
ber

Septem- October
ber

DISTRIBUTION MOVEMENT— Contd.

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

PER CENT INCREASE (+ ) OR
DECREASE ( — )

1926

1

Per ct..
increase
( }

or tdecrease
(-)
cumulative
1927
from
1926

Oct.,
1927,
from
Oct.,
1926

1926

1937

0.0
-40.7
+40. 0
-3.1
-15.1

3,034
1,444
11,107
17, 843
1,491

2, 985
1,275
12, 841
17, 474
1,379

-3.0
-11.7
+15. 6
-2.1
-7. 5.

51, 751
1,511
35, 748

48, 780
1,462
34, 503

-5.7
-3.2
-3.5

•

Advertising— Continued
National advertising in newspapers— Contd.
Men's clothing
thous" of lines
Musical instruments
_ _ thous. of lines. .
Radio and electrical
thous. of lines..
Railroads and steamships.. thous. of lines..
Shoes
thous. of lines_.
Toilet articles and medical
preparations. _ ..
thous. of lines _
Women's wear
thous. of lines. .
Miscellaneous
thous. of lines. .

538
90
944
2,909
148

172
73
624
2,246
49

99
59
548
1,701
30

438
131
1,840
1,293
190

439
178
3,019
1,252
174

6335
179
6 1, 509
e 1, 413
207

4,052
72
3,822

3,564
30
2,802

3,087
42
2,497

3,895
129
3,315

5,860
351
3,461

3,967
« 4, 229

66,003
6305
6
4, 078

29, 681

26, 300

23,478

30, 152

32, 450 !

29, 976

32,860

+7.6

-1.2

295, 108

302, 417

+2. 5

3,009

2,988

3,197

3,291

3,395

3,169

3,421

+3.2

-0.8

31, 727

32,533

4-2.5

10, 951
85, 373

9,529
76,970

10, 120
82, 538

10, 167
84, 383

11,659
96, 574

9,972
83,963

11,447
97, 263

+14.7
+14.4

+1.9
-0.7

107, 080
845,375

107, 964
857, 771

+0.8
+1.5

3,126
32, 177

2,994
32, 759

3,162
33, 234

2,994
31,667

3,363
35, 147

2,895
31,712

3,208
34, 551

+12.3
+11.0

+4.8
+1.7

31,123
325, 641

32, 368
326, 407

+4.0
+0.3

6439 ! +0.2
6300 +35.9
2, 156 +55.4
-3.2
6 1, 441
6
-8.4
205
6

6181

+50.4 -2.4
+172. 1 +15. 1 1
+4.4 -15. 1

Postal Business
Postal receipts, 50 selected
cities
thous. of dolls
Postal receipts, 50 industrial
cities
thous. of dolls .
Money orders:
Domestic paid (50 cities)—
Quantity
_.
number..
Value.
thous. of dolls
Domestic issued (50 cities)—
Quantity
number . _
Value
..thous. of dolls..

6

Wholesale Trade
Delinquent accounts, electrical trade:
Amount
-_
dollars..
Number of
firms
number..

i

175, 069
1,526

201, 183
1,427

166, 683
1,585

145, 031
1, 320

184, 581
1,419

156,606
1,365

i

+8.4 i
+12.7

+8.0
+3.4

144, 458
1,211

1

Retail Trade
Installment sales in New England department
stores:
Ratio to total sales
per cent

i

i
,3

6.0

11.2

5.8

7.5

j

5.5
i

BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents)
Policies new (45 companies) :
Ordinary
number of policies.. 236, 429
Industrial
number of policies.. 816,966
Group
number of contracts.
189
Total
number of policies and contracts.. 1, 053, 584
Policies and certificates issued:
Total policies and certificates
number. .1,094,437
Group insurance certificates
certificates.. 41, 042
Amount of new insurance (45 companies) :
Ordinary
thous. of dolls
696, 742
Industrial
thous. of dolls.. 221, 780
Group
thous. of dolls
67, 817
Total insurance
thous of dolls
986, 339
Premium collections (45 companies):
Ordinary
thous. of dolls
151, 009
Industrial
thous of dolls
46, 584
Group
thous. of dolls
5,164
Total
thous. of dolls
202, 757
Admitted life insurance assets (41 companies):
Grand total .
mills, of dolls.
10, 982
Mortgage loans —
Total
mills of dolls.
4,806
Farm
_
.mills, of dolls
1,617
All other
mills of dolls
3,189
Bonds and stocks (book value)—
Total
mills, of dolls..
4,117*
Government..
mills, of dolls. _
915
Railroad
mills of dolls
2,225
831
Public utility
mills. of dolls
All other. . .
.mills, of dolls..
146
Policy loans and premium
notes ... .
.mills, of dolls .
1,305
754
Other admitted assets
mills, of dolls..

211,482
781, 361
138
992, 981

212, 924
186, 090
992, 140
745, 664
148
115
931, 869 1, 205, 212

184, 843
219, 049
714, 041
822, 459
157
183
899, 041 1, 041, 691

+14.4 -2.8
+33.1 +20.6
+28.7 -19.1
+29. 3 +15.7

978, 721 1, 023, 331
30, 488
29, 100

945, 250 1, 288, 861
23,797
13, 496

946, 627 1, 085, 721
47, 743 , 44,213

216, 956
732, 665
161
949, 782




+2.1
+6.3
-2.5
+5.4

+36.4
+76. 3

+18.7 10, 287, 619 11, 295, 733
348, 941
467, 640
-46.2

+0.8
-25.4

638, 866
200, 835
54,329
893, 930

625, 510
211, 157
43, 977
880, 644

526, 564
200, 622
31,475
758, 661

615, 753
265, 974
48, 625
930, 352

523, 915
197, 277
73, 456
794, 648

618, 041
226, 523
62, 353
906, 917

+16.9
+32.6
+54.5
+22.6

-0.4
+17,4
-22.0
+2.6

6, 361, 076
2, 102, 360
687, 705
9, 151, 141

6,498,550
2, 203, 519
582, 387
9, 282, 465

+2.1
+4.8
-15.3
+1.4

140, 517
47, 108
5,123
192, 748

137, 510
49, 220
5,327
192, 057

131, 763
45, 741
4,317
181,821

140, 041
49, 272
5,792
195, 105

118, 023
40, 827
3,783
162, 633

125, 689
43, 988
4,735
174, 412

+6.3
+7.7
+34.2
+7.3

+11.4
+12.0
+22.3
+11.9

1, 288, 556
418, 074
46, 702
1, 753, 332

1, 426, 621
464,065
53, 735
1,944,421

+10.7
+11.0
+15.1
+10.9

11, 078

11,172

11, 268

10, 141

10,237

4,847
1,620
3,227

4,898
1,622
3,276

4,941
1,620
3,321

i
j

4, 335
1, 579
2,756

4,405
1,581
2,824

4, 152
920
2, 234
850
148

4,192
923
2,242
876
151

4,216
919
2,259
887
151

i

1
i

3,924
948
2,148
715
113

3,941
937 I
2,156
729
119 1

1,316
763

1,327
755

1,338
773

1

1, 202
680

1,210
681 i

---(--

i

1
i

i

--

!

i
i

i!
il

1

'•

i

(Life Insurance Sales Research Bureau)
Sales of ordinary life insurance (81 companies):
United States total
. thous. of dolls .
Eastern manuf. district. thous. of dolls..
Western manuf. district.thous. of dolls..
Western agric. district. -thous. of dolls..
Southern district
thous. of dolls..
Far western district
thous. of dolls—
Canada total, 15 companies -thous. of dolls..
• Revised.

2,141,916 2, 186, 777
7, 678, 063 8, 160, 015
1,713
1,670
9, 821, 692 10, 348, 462

I

680, 076
763, 495
309, 396 " 267,873
151, 721
165, 803
105, 250
115, 180
99, 022
86, 058
69, 174
74, 094
39, 962
45, 298

681, 859
261,413
154, 716
103,671
86, 549
75, 510
38, 360

606, 760
237, 184
138,441
93, 224
76, 998
60, 913
35, 302

659, 375
257, 543
148, 380
103, 663
82, 706
67, 083
48, 104

597, 667
222, 265
132, 004
104, 268
76, 904
62, 226
34, 878

j

656, 362
262, 334
145, 635
100, 446
81, 621
66, 326
40, 226

+8.7 +0.5
-1.8
+8.6
+7.2 +1.9
+11.2 +3.2
+7.4
+1.3
+10.1 +1.1
+36.3 +19.6

6, 838, 190
2, 718, 718
1,487,384
1, 086, 058
860, 273
685, 757
380, 032

7, 035, 118
2,867,020
1, 559, 589
1, 049, 079
852, 535
706, 895
408, 604

+2.9
+5.5
+4.9
-3.4
-0.9
+3.1
+7.5

45

TREND OF BUSINESS MOVEMENTS—Continued
I

1937

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

I

June

July

August

September

October

September

October

Per ct.
increase
or<•#
decrease
(-)
cumulative
1927
from
1926

Oct.,
! 1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

1926

1*27

+2.2
+7.4
-f!6.8

+18.6
+5.7
+17.1

280, 689
223, 083
13, 637

319, 337
232, 028
15, 234

+13.8
+4.0
+11.7

-11.9
+0.6
+17.0
-1.9
+0.6
-2.5

-40.0
-0.8
+41.3
+3.8
+5.4
+1.1

+0.6
+0.4
+1.8

+5.0
+8.7
+4.2

BANKING AND FINANCE— Continued
Banking
Debits to individual accounts:
New York City....
...mills, of dolls.. 33, 008
33, 369
30, 750
31, 653
34, 091
25, 618
28, 755
Outside New York City
mills, of dolls. . 23, 813
22, 937
22, 054 6 23, 387
25, 117
21,311
23, 754
Bank clearings (Canada)
mills, of dolls..
1,474
1,579
1,586
1,583
1,320
1,476
1,849
Federal reserve banks:
477
Bills discounted
mills, of dolls. .
398
632
430
379
717
401
1,703
Notes in circulation
mills, of dolls.
1,662
1,731
1,716
1,676
1,706
1,717
594
610
737
581
Total investments
mills, of dolls. _
658
862
556
3,184
2,937
Total reserve
mills, of dolls
3,181
2,954
3,126
3,067
3,146
2,399
2,330
2,330
2,341
2,281
2,390
2,404
Total deposits
_-•
mills, of dolls. .
77.6
79.7
73.6
76.3
72.6
Reserve ratio
per cent
78.3
74.4
Federal reserve member banks:
14, 718
14, 942
14, 395
Total loans and discounts. ..mills, of dolls~.
14,488
14, 314
15, 029
14, 697
5,634
6, 050
5,992
5,578
6,042
Total investments
mills, of dolls..
5,927
6, 065
13, 003
Net demand deposits
mills, of dolls-12, 918
13, 381
13, 230
13, 200
13, 349
13, 464
Brokers' loans, end of month:
To New York Stock
Exchange members
thous. of dolls. _ 3, 568, 967 3, 641, 695 3, 673, 891 3, 914, 628 3, 946, 137 3, 218, 937 3, 111, 177
By New York F. R. member
banks
thous. of dolls _. 3,117,920 3, 141, 193 3, 184, 058 3,305,623 3, 371, 705 2, 812, 971 2, 602, 196
Interest rates:
4.33
4.90
4.75
3.81
4.03
4.00
3.65
New York call loans
- - .per cent _ _
4.13
4.43
4.31
4.28
4.16
4.50
Commercial paper 4-6 mos
per cent..
4.30
4.00
3.50
4.00
N. Y. Fed. Res. Bank
per cent. . 4.00
4.00
3.50
3.50
5.25
5.25
5.25
5.25
5.25
5.25
5.25
Federal land banks
per cent..
4.50
4.50
4.50
4.50
4.50
4.50
4.50
Intermediate credit banks
. . per cent--

+0.8

+26.8

+2.0

+29.6

+5.8
-0.7
0.0
0.0
0.0

-15.2
-4.9
-12.5
0.0
0.0

-0.1

+8.1

i

Savings Deposits
New York State savings
banks, end of month

thous. of dolls.. 4, 034, 152 4,023,347 4,033,176 4,088,540 4, 082, 938 3, 776, 911 3, 778, 155

Public Finances
18,463
50,481
173, 970

18, 380
52, 982
202, 182

18, 477
54,410
590, 192

18, 368
56, 617
221, 205

19,473
55, 596
576, 528

19,420
60, 969
192,919

-0.6
+4.1
-62.5

-5.4
-7.1
+14.7

187, 346
198, 457
504, 541
501,173
3, 251, 493 3,285,424

-5.6
-0.7
+1.0

203, 579

259, 181

287, 442

413, 220

290,465

367, 595

+43.8

+12.4

2, 935, SCO

2, 843, 767

-3.1

4,744
40.53

4,750
40.54

4,850
41.35

4,844
41.25

4,906
42.34

4,933
42.53

-0.1
-0.2

-1.8
-3.0

34,465

43, 150

39, 196

32, 786

36, 236

29, 990

33, 231

+10.5

+9.0

330, 919

432, 896

+30.8

13, 587
17, 856
3,022
2,958

16, 743
16, 832
9,575
1, 785

14, 921
14, 702
9,573
1,687

15, 349
12, 052
5, 385
1,490

17, 134
14, 657
4,445
2,157

10,093
11, 242
8,655
2,059

11, 650
15, 874
5,707
2,384

+11.6
+21.6
-17.5
+44.8

+47.1
-7.7
+22.1
-9.5

125, 176
166,607
39, 137
22,781

169,696
194, 512
68, 688
20,646

+35.6
+16.7
+75.5
-9.4

1,833
427
1,310
96
156

1,756
448
1,187
121
144

1, 708
438
1,174
96
147

1,573
389
1,083
101
143

1,787
488
1,170
129
173

1,437
374
958
105
156

1,763
450
1,205
108
190

+13.6
+25.4
+8.0
+27.7
+21.0

+1.4
+8.4
-2.9
+19.4
-8.9

17, 874
4,461
12,512
901
1,714

19, 120
4,607
13, 376
1,137
1,670

+7.0
+3.3
+6.9
+26.2
-2.6

553, 553
423, 703

252, 325
161, 100

326, 325
250, 100

489, 725
369, 850

321, 800
227, 100

447, 500
340, 850

339, 100
252> 300

-34.3
-38.6

-5.1 « 2,962, 249 • 4,260, 779
-10.0 9 2,910, 370 « 3, 140, 923

+43.8
+7.9

129, 850
65, 200
33, 450
13, 200

91, 225
50, 050
34, 675
6,500

76, 225
49, 375
19, 750
7,100

119, 875
70, 250
28, 375
12, 250

94, 700
48, 800
33, 500
12, 400

106, 650
68, 300
27, 050
11,300

86, 800
42, 800
32, 000
12, 000

-21.0
-30.5
+18.1
+1.2

+9.1 » 1,051, 885 •1,119,855
+14.0
9 574, 375 9 602, 675
+4.7
9 310, 315 • 325, 450
+3.3
• 99, 695 • 108, 925

+6.5
+6.7
+4.9
+9.3

54, 400
Foreign governments
thous. of dolls
Total corporation
..-thous. of dolls.. 707, 548
Purpose of issue538, 295
New capital
thous of dolls
Refunding
thous. of dolls.. 169, 253
Kinds of issueStocks.
..thous. of dolls.. 155, 867
Bonds and notes
thous. of dolls.. 551, 682
Class of industryRailroads
thous. of dolls.. 204. 223
155, 006
Public utilities
thous of dolls
Industrials
thous. of dolls. . 159, 767
Oil
_.
thous. of dolls.. 30, 000
Land and buildings
thous. of dolls.. 74, 720
Shipping and misc
thous. of dolls.. 83, 833
«Revised.

25, 596
371, 095

81,000
444, 278

31, 281
451, 364

125, 623
734, 081

74, 900
328, 705

118,000 +301. 6 +6.5
350, 482 +62.6 +109. 4

442, 392
4, 275, 015

341, 658
29, 437

277, 832
166, 446

372, 585
78, 779

574, 380
159, 701

283, 231
45, 474

276, 706 +54.2 +107. 6
73, 776 +102.7 +116. 5

3, 673, 081 4. 381, 254 +19.3
601, 933 1,450,526 +141. 0

79, 052
292, 043

153, 887
290, 391

109, 576
341, 788

134, 568
599, 513

48, 327
280, 379

58, 490
291, 993

14, 306
115, 360
69, 127
20, 750
48, 936
102, 616

183, 764
109, 821
65, 392
25, 000
38, 292
22, 009

19, 493
200, 174
82, 659
None.
45, 602
93, 437

12, 190 +67.0
61, 706
32, 550
147,311 +55.8
45, 930
311, 832
55, 117 +37.2
114, 938
113, 368
None.
31,212
42, 000
80, 142 +61.7
48, 537
73, 729
17, 260 +70.5
57, 595
159, 303
' Cumulative through Nov. 30.

18, 512
Government debt, gross
mills, of dolls..
Customs receipts
. thous. of dolls. . 48, 988
Total ordinary receipts
thous. of dolls _. ! 742,691
Expenditures chargeable to
363, 717
ordinary receipts
thous. of dolls
Money in circulation:
4,745
Total
mills, of dolls,.
40.58
Per capita
- -- - .dollars

Business Failures
Liabilities (United States):
Total commercial
thous. of dolls. _
Manufacturing
establishments
thous. of dolls..
Trade establishments
-thous. of dolls..
Agents and brokers
-thous. of dolls..
Liabilities (Canada)
. _ -thous. of dolls
Firms (United States):
Total commercial
number
Manufacturing establishments . _ .number. _
Trade establishments
number
Agents and brokers
number. _
Firms (Canada)
...number _

Dividend and Interest Payments
(For the following month.)
On*nd total
Total interest pavments
Dividend payments:
Total
Indus, and misc. corp
Steam railroads .
Street railways..

- -thous. of dolls
thous. of dolls
thous. of dolls
thous. of dolls__
thous. of dolls .
thous. of dolls..

New Security Issues




+22.8 +130. 1
+75.4 +105. 3
+167. 0
+111.7
+105. 7
+34.6
-8.0
+823. 0

1, 018, 895
3, 256, 122

673, 779
5, 831, 780

1, 362. 813
4, 468, 789

+52.3
+36.4

+33.8
+37.2

872, 325 +148. 1
351, 592
1, 675, 466 2, 216, 609 +32.3
915, 568
940,008
+2.7
218, 749
375, 138 +71.5
619, 107
567, 737
-8.3
451, 820
785, 964 +74.0

46

TREND OF BUSINESS MOVEMENTS—Continued

The cumulative^ shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

j

June

July

August

Se

be?n"

October

September

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

Oct.,
' 1927,
October 1 from
Sept.,
1927

Oct.,
1927,
from
Oct.,
1926

1926

Per ct_
increase
(
ort>
decrease
(-)
cumu
lative
1927
from
1926

1927

i

[

BANKING AND FINANCE— Continued
New Security Issues— Continued
Bond issues (Canada) :
271
Qovt. and provincial
thous. of dolls _
2,226
Municipal-thous. of dolls. .
Corporation
thous. of dolls _
10, 374
Tax-exempt securities:
Total outstanding, end of
rrinnth
rnills, of dolls
15, 821
States and municipalities:
164, 629
Permanent loans
thous. of dolls
26, 625
Temporary loans
-thous. of dolls
New incorporations
thous. of dolls
314,363

18, 370
9,788
52, 973

None.
4,799
31, 557

None.
904
6,625

15, 843

« 15, 910

15, 946

87, 206
19, 288
273, 906

89, 424
60, 382
325, 193

118, 451
73, 088
431, 293

24, 045
3, 828
74, 936

None.
3,771
51, 713

6,000
3,374
33, 960

15, 107

a 15, 154

110, 852
5,411
243, 998

135, 129
54, 613
5«0, 387

105, 076
42, 075
901, 303

+30.9 +300. 8
-60.9 +13.5
+41.5 +120. 7

-6.4
-92.6
-43.4

+5.5
-87.1
-72.9

173, 393
45, 230
259, 882

-43. 8
+22.9
+5.0

97, 381
55, 609
272, 944

1, 245, 618
+9.0
-15.4
489, 900
4, 142, 880 j -56.6

1, 143, 066
579,181
9, 542, 763

Agricultural Finances
Loans outstanding, end mo. :
Federal farm loan banks
thous. of dolls.. 1, 130, 648 1, 134, 896 1, 139, 502 1, 143, 130
Joint-stock land banks
thous. of dolls.. 607, 517 607, 679 609, 891 609, 535
Federal intermediate credit
64, 252
62, 879
65, 051
banks
thous of dolls
64, 408
4,285
4,846
War Finance Corporation. -thous. of dolls...
4,731
4,569

!
1, 057, 217 1, 063, 056
614, 639 619, 217

j

4,080

78, 490
9,629

84, 665
9,154

-4.8

-55. 4

Stocks and Bonds
Stock prices, average daily closing:
25 industrials, average
dolls, per share
211. 25
115.63
25 railroads, average
dolls, per share..
103 stocks, average
-dolls, per share .. 125. 45
S o u t h e r n cotton mill
stocks
dolls, per share
112. 34
Stock prices, average weekly closing:*
Automobile
index number. .
281.9
Chain stores _
index number
462.1
113.4
Copper _
I
index number .
Food
index number
361. 1
101.7
Petroleum
index number..
135.4
Steel
index number
40.3
Textile
.
. .index number .
241.8
Traction, gas and power index number..
44.4
Tire and rubber
_ .index number _
Theater
index number
170.8
Railroad equipment
index number .
201.2
Machinery manufacturing index number
107.2
Bond prices:
93.48
Highest grade rails p. ct. of par 4% bond
81.10
Second-grade rails. .p. ct. of par 4% bond..
76.76
Public utility
p. ct. of par 4% bond
78.37
Industrial
p. ct. of par 4% bond. _
Comb price index p. ct of par 4% bond
82.69
Stock sales:
N. Y. Stock Exchange
thous. of shares. . 47, 630
Bond sales:
288, 469
Miscellaneous
thous. of dolls
Liberty-Treasury
._
thous. of dolls
34, 837
Total
thous. of dolls.. 323, 306

221. 90
117. 00
135. 83

229. 99
117. 42
141.17

242. 66
1J9.95
140. 67

233. 36
117. 84
130. 15

172. 26
99.43
114. 48

164. 63
94.93
111.61

-3.8
-1.8
-7.5

+41.7
+24.1
+16.6

112. 48

111.05

109. 85

111.31

110. 68

110.67

+1.3

+.6

290.2
477.7
114.6
363.4
100.9
138.3
42.1
242.6
45.7
162.7
203.6
107.8

318.5
534.2
121. 8
371.3
105.3
150.5
43.6
254.1
50.6
166. 6
212.5
106.2

354.5
585.1
127. 4
392.2
105.3
165.8
44.8
267.2
57.6
169.9
216.1
110.0

355.8
573.6
128.0
389.1
104.0
153.1
43.9
265.9
55.4
173.4
203.8
109.6

227.9
395.1
110.9
302.4
113.4
118,9
39.4
222.8
50.4
154.4
171.7
93.5

225.6
390.8
112.3
299.4
109.0
113. 7
38.1
215.6
45.9
156.4
165.1
90.7

+57.7
+46.8
+14.0
+30.0
-4.6
+34.7
+15.2
+23.3
-3! 8 +20.7
+2.1 +10.9
-5.7 +23.4
-.4 +20.8

93.57
84.16
76.85
78.60
82.81

94.58
85.43
78.23
79.55
83.98

95.19
86.11
78.29
79.81
84.35

96.11
87.24
79.00
79.93
85.05

89.36
81.23
74.67
77.82
80.42

89.52
81.33
74.29
77.59
80.31

+1.0
+1.3
+.9
+.2
+.8

+7.4
+7.3
+6.3
+3.0
+5.9

+.4
-2.0
+.5
-.8
—1.2
-7.7
-2.0

, ji

ji

38, 493

51, 057

51, 918

50, 459

36, 904

40, 213

-2.8

+25.5

376, 030

470, 768

+25.2

252, 423
17, 289
269, 712

290, 948
13, 070
304, 018

254, 987
24, 326
279, 313

258, 112
13, 187
271, 299

175, 594
14, 060
189, 654

217, 302
15, 870
233, 172

+1.2
-45.8
-2.9

+18.8
-16.9
+16.4

2, 293, 581
212, 869
2, 406, 450

2, 861, 004
245, 780
3, 106, 784

+24.7
+15.5
+29.1

103. 71

103. 58

104. 14

103. 68

103. 92

102. 27

102. 62

+0.2

+1.3

104. 96
100. 63
4.01

105. 42
100. 79
4.06

105. 67
101. 34
4.02

105. 64
101. 51
3.96

104. 65
101. 59
3.95

103. 64
99.01
64.12

103. 80
99.41
4.16

-0.9
+0.1
-0.3

+0.8
+2.2
-5.0

68, 556

39, 719

32, 247

42, 763

59, 092

42, 606

67, 545

+38.2

-12.5

548, 366

491,289 ! -10.4

36, 766
23, 960

12, 223
15, 040

19, 435
4,482

23, 463
5,140

35, 819
10, 523

27, 700
7,021

24, 015 +52.7
19, 160 +104. 7

+49.2
-45.1

290, 582
114, 769

233,468
120, 767

2,790

4,575

2,080

3,310

525

2,385

-84.1

-96.3

74, 070

56, 878

-23.2

26, 645
3,781
4,340

6,828
2,065
3,680

7,700
7,170
4,700

19, 575
5,140
3, 473

21, 980
3,845
11,519

21, 350
1,630
4,270

14, 105 +12.3
5,175 -25.2
11, 320 +231. 7

+55.8
-25.7
+1.8

215, 291
92, 748
73, 511

161,293
31,816
52, 244

-25.1
-65. 7
-28. 9

-5.9 -10.7
+0.4
+1.7
-84.2 -76.8
-56.2 +825. 4

832, 143
179, 764
100, 785

805, 512
8,431
195, 022
68, 340

-3.2
+1.8
+8.5
-32, 2

50, 524
17, 874

49,337
17, 299

-2.3
-3.2

46, 201
62, 797

-24.5
-21. 4

(For 1st of following month)
Bond prices:
5 Liberty bonds. _
p. ct. of par
16 foreign government and
city
p. ct. of par..
Comb price index, 66 bonds p ct. of par
Municipal bond yield
per cent_.
Long-term real-estate bonds issued:
Grand total
thous. of dolls. .
Purpose of issue—
Finance construction... thous. of dolls. _
Real-estate mortgage.. .thous. of dolls..
Acquisitions and
improvements
thous. of dolls. _
Kind of structure —
Office and other
commercial
thous. of dolls
Hotels
thous. of dolls. _
Apartments
thous of dolls

14, 300

GOLD AND SILVER
Gold:
97, 103
111,657
108, 741
Domestic receipts at mint fine ounces. . 66, 411
91,428
91, 245
103, 240
852
842
855
853
856
Rand output
thous. of ounces. .
863
840
15, 987
12, 979
2,056
14, 611
8,857
Imports
thous. of dolls
10, 738
7,877
1,803
23, 081
1,156
10, 698
Exports
thous. of dolls
1,524
24, 444
1,840
Silver:
ProductionUnited States
. thous. offineoz._
4,931
5,114
5,145
6 4, 691
4,838
4,930
4,860
1,752
1,696
1,614
2,023
Canada.
thous. of fine oz._
1,926
2,030
2,388
9,197
9,372
7,632
9,612
Mexico..thous. of fineoz..
9,244
Stocks, end of month904
284
336
543
178
United States
thous. of fine oz__
508
293
847
474
775
494
624
1,343
761
Canada
thous. of fine oz _
7,203
5,069
4,288
5,098
4,992
4,790
Imports
.
thous. of dolls. _
4,856
5,444
7,243
7,279
6,650
6,627
5,938
Exports
.
..thous. of dolls..
5,590
.545
.564
.554
.568
.547
.606
.560
Price at New York
dolls, per fi enoz..
6

Revised.
* See tables on p. 21-22 of the October, 1927, and p. 23 of the November,



+5.1
-16.2

-3.6
-16.5

-~"-||~ —

j!

8,285

-39.2 -67.2
-35.1 -63.2
+1.5
-0.6
61, 226
-10.4 -18.4
79, 853
+1.1 +2.8
1927, issues for earlier data.

!

-19.7
+5.2

47

TREND OF BUSINESS MOVEMENTS—Continued
j

1937

The cumulatives shown are through
October, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

June

July

1936

PER CENT INCREASE (+) OR
DECREASE (— )

August

September

October

September

October

Oct.,
1927,
from
Sept.,
1927

Oct.,
1927,
from
Oct., .
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH OCTOBER
31

1936

1937

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

FOREIGN EXCHANGE RATES
Europe:
England
dolls, per £ sterling
France
dolls per franc
Italy
dolls, per lira-Belgium
. _
dolls, per franc
Netherlands
dolls per guilder
Sweden
dolls, per krone-Switzerland
dolls, per franc..
Asia:
Japan
dolls, per yen_.
India
dolls per rupee
Americas:
Canada
dolls per Canadian doll
Argentina
dolls per gold peso
Brazil
dolls, per milreis. .
Chile
dolls, per paper peso. _

4.86
.039
.056
.139
.401
.268
.192

4.86
.039
.055
.139
.401
.268
.193

4.86
.039
.054
.139
.401
.268
.193

4.86
.039
.054
.139
.401
.269
.193

4.87
.039
.055
.139
.402
.269
.193

4.85
.029
.037
.027
.401
.268
.193

4.85
.029
.041
.028
.400
.267
.193

+0.2
0.0
+1.9
0.0
+0.2
0.0
0.0

+0.4
+34.5
+34.1
0.0
+0.5
+0.7
0.0

.467
.362

.471
.361

.473
.361

.468
.363

.466
.364

.484
.363

.487
.362

-0.4
+0.3

-4.3
+0.6

.999
.964
.118
.120

.999
.966
.118
.120

.999
.968
.118
.120

1.001
.971
.119
.121

1.001
.972
.119
.122

1.001
.922
.152
.121

1.001
.928
.140
.120

0.0
+0.1
0.0
+0.8

0.0
+4.7
-15.0
+1.7

368, 820 6 342, 154

354, 511

343, 202

376, 868

+3.6

-5.9

3, 697, 545

3, 507, 959

-5.1

113,447
15, 923
6 20, 161
8,585
6 29, 721

123, 505
18, 156
20, 870
11,419
33, 064

108, 663 6 117, 327
14, 443 6 15, 913
17, 205 6 17, 728
8,427 6 10, 205
29, 799 6 33, 601

+8.9
+14.0
+3.5
+33.0
+11.2

+5.3
+14.1
+17.7
+11.9
-1.6

1, 058, 556
122, 420
165, 850
77, 723
316, 226

1, 056, 701
138, 982
166, 672
89, 503
294, 833

-0.2
+13.5
+0.5
+15.2
-6.8

82, 865
39, 973

6 77, 784
6 41, 902

85, 671
44, 622

77, 969
40, 345

6 92, 889
6 45, 782

+10.1
+6.5

-7.8
-2.5

836, 590
389, 376

828, 387
389, 435

-1.0
0.0

46, 401
9,694

e 38, 293
10, 017

41, 268
8,536

42, 129
5,716

6 50, 382
7,765

+7.8
-14.8

-18.1
+9.9

475, 314
76, 492

423, 801
82, 530

-10.8
+7.9

6

100, 325 a 123, 843 6 105, 979
35, 369
47, 482
30, 025
6
5, 677
6,651
6,925

98, 996
33, 973
5,071

110, 321 6 112, 728
39, 912
37, 838
3, 542
4,120

-6.6
-3.9
-23.8

-12.2
-14.9
+43.2

1, 240, 038
328, 572
82, 045

1,122,217
342, 163
76, 853

-9.5
+4.1
-6.3

6

121, 185

144, 232

34, 269
35, 076
61, 524
67, 244

tl. S. FOREIGN TRADE
Imports
354,892
Grand total ..
thous. of dolls
By grand divisions:
Europe —
Total
thous of dolls 6 100, 837
France
thous. of dolls. . 12, 908
14, 153
Germany
thous. of dolls
8,499
Italy
- .
thous. of dolls
United Kingdom
thous of dolls
29, 591
North America89, 836
Total..
thous. of dolls..
40, 578
Canada
thous. of dolls
South AmericaTotal
. .
. thous. of dolls
40, 365
8,921
Argentina
.thous. of dolls..
Asia and Oceania —
Total
...thous. of dolls.. 6 115, 380
Japan
thous. of dolls
36, 035
8,474
Africa total
thous of dolls
By class of commodities:
137, 510
Crude materials
thous of dolls
Foodstuffs, crude, and
39, 619
food animals
thous of dolls
42, 172
Manufactured foodstuffs
thous. of dolls..
60, 384
Semimanufactures
thous of dolls
75, 207
Finished manufactures
thous. of dolls..

319, 298

6 96, 651 6110,033
11,820 e 14, 729
16, 148 6 17, 837
8,578
7,896
6
29, 343 6 32, 902
6
6

77, 830
38, 158

6
6

37, 631
6,771

6

6

6

-8.8

-11.7

1, 513, 224

1, 359, 684

-10.1

6

50, 315
6 40, 623
6 64, 728
6
86, 182

+27.1
+25.2
+9.0
+1.0

-16.1
+1.8
+6.3
-3.7

440, 694
346, 188
673, 714
723, 724

401, 921
386, 248
631, 458
727, 648

-8.8
+11.6
-6.3
+.5

455, 301

+15.0

+7.3

3, 862, 991

3, 996, 765

+3.5

254, 491
29, 050
62, 637
14, 494
89, 989

224, 263 6 235, 313
29, 214
19, 006
44,437 6 46, 958
11, 309 6 14, 945
93, 722
97, 529

+20.6
+37.8
+20.8
+77.4
+25.3

+8.1
-0.6
+33.4
-3.0
-7.7

1, 813, 145
207, 154
271, 254
126, 014
756, 864

1,864,792
177,078
379, 151
100,818
687, 754

+2.8
-14.5
+39.8
-20.0
-9.1

118, 940
86, 161

114, 499
80, 694

101, 665 6 6102, 790
64, 309
68, 311

-3.7
-6.3

+11.4
+18.1

985, 662
622, 485

1, 056, 332
710, 328

+7.2
+14.1

33, 864
« 12, 972

32, 721
13, 640

6 32, 633
6 10, 736

-3.4
+5.1

+0.3
+27.0

356, 882
116, 170

361, 042
133, 080

+1.2
+14.6

52, 892
50, 492
12, 199
17, 923
8,247
8,527
6
367, 575 6 416, 206

77, 033
33, 711
9,889
480, 415

71, 159
75, 417
27, 724
21, 753
9,148
9,427
440, 211 e 448, 226

+4S.-6
+88.1
+19.9
+15.4

+2.1
+21.6
+8.1
+7.2

624, 202
202, 421
83, 106
3, 781, 798

626, 707
206, 550
87, 887
3, 908, 630

+0.4
+2.0
+5.2
+3.4

929, 311

-.4

130, 660

119, 158

135, 096

42, 656
35, 471
66, 691
79, 770

6 33, 190
66 33, 016
63, 094
6 82, 194

42, 194
41, 349
68, 795
83, 015

39, 102
32, 581
62, 673
73, 749

356, 966 6|341, 809 6 374, 815

424, 984

488, 633

448, 071

155, 328
14, 907
29, 941
9,496
56, 103

168, 282
8 14, 503
30, 239
9,332
6
57, 670

211,041
21, 074
51, 831
8 8, 169
71,824

98, 724 6 109, 123
64, 772 « 75, 305

135, 021

Exports
Grand total, including
reexports
thous. of dolls
By grand division:
Europe —
Total
thous. of dolls
France
thous. of dolls
Germany
thous of dolls
Italy...
thous. of dolls..
United Kingdom
thous. of dolls..
North America—
Total
thous. of dolls
Canada _
thous. of dolls. _
South America—
Total
thous. of dolls
Argentina
thous. of dolls. .
Asia and OceaniaTotal
thous of dolls
Japan
thous. of dolls
Africa total
thous of dolls
Total domestic exports only
thous. of dolls. _
By classes of commodities:
Crude materials
thous of dolls
Foodstuffs, crude, and
food animals
thous. of dolls
Manufactured foodstuffs.. -thous. of dolls..
Semimanufactures
thous. of dolls
Finished manufactures
thous. of dolls..
Agricultural exports (quantities) :
All commodities
index number
All commodities except
cotton
index number

108, 072
74, 312
31, 468
11, 389

143, 149
11,411
24, 133
7,940
52, 789

6 36, 034
« 15, 239

54, 333 e 54, 318
13, 698 e 15, 190
7,764
9,584
348, 546 6 333, 994
63, 349
25, 207
36,355
62, 485
161, 150 6

e 38, 391
15, 678

6

41, 558
13, 252

6

55, 135

102, 135

160, 283

120, 593 « 167, 096

+56.9

-4.1

932, 793

21, 910 6 46, 770
34, 160
31, 278
59, 354 6 59, 786
165, 429 6 171, 724

69, 429
6
38, 562
54, 622
6
151, 758

62, 425
45, 643
55, 044
157, 020

46, 487
47, 835
55, 128
170, 168

35, 658
6 47, 457
6
52, 756
6
145, 259

-10.1
+18.4
+.8
+3.5

+75.1
-3.8
+4.3
+8.1

270, 563
410, 063
531, 172
1, 637, 207

+2.3
+6.5

+6.6
-19.5

838, 910
990, 123

55, 023

89

75

94

142

140

181

118

102

155

211

176

164

101, 018
107, 201

90, 598
80, 771

99, 348
95, 955

91, 803
99, 335

85, 563
93, 327

88, 127
131, 489

351, 081 +29.8
378,849 ! -7.6
+9.9
583, 959
1,664,733
+1.7

CANADIAN FOREIGN TRADE
Total trade:
Imports
Exports
5

Revised.




thous. of dolls
thous of dolls

93, 936
105, 821

909, 543
951, 072

+8.4
-3.9

48

PUBLIC-UTILITY EARNINGS

Annual gross earnings
Annual net earnings ._

_

$629,912,702
257, 174, 715

_

i
Year

1915

1914

1913

1916

$680, 019, 645
282, 148, 795

$651, 781, 432
267, 896, 331

1917

1919

1918

$756, 466, 363
312, 615, 064

$844, 991, 870
308,444,015

June

August

II
January February

Total

April

March

May

July

Se

$1, 081, 948, 847
313, 887, 655

$944, 697, 950
292, 645, 371

berm"

II

October

!

Novem- December
ber

GROSS EARNINGS (THOUSANDS .OF DOLLARS)

1920
1921
1922
1923

$1, 306, 453 $108, 675 $102, 046 $105, 852 $103, 891
111,573
1, 352, 281
121, 509 111,658 114,283
1, 435, 218 124,469 115, 767 118,827 116, 158
139, 913 131, 199 135, 649 131,955
1, 592, 533

..

1,691,267
1, 827, 125
1, 995, 146

1924
1925
1926
1927,

.

144, 439
151, 639
165, 659
177, 613

151, 285
163, 500
177, 474
191, 251

145, 090
151, 584
167, 642
179, 281

140, 322
147, 841
166, 927
176, 467

$103, 917 $102, 738 $104,479 $105, 855 $108, 700 $115,611 $119, 169 $125, 520
110,090 107, 014 104, 637 105, 151 108, 189 114, 368 117, 996 125, 813
115,704 113, 527 110,315 111,506 117, 073 124, 798 129, 533 137, 541
130, 114 127, 602 123, 579
122, 564 126, 275 136, 470 140, 128 147, 085
136, 920
145, 572
159,136
171,057

132, 181
142, 449
157, 745
174, 568

127, 883
141, 064
153, 245
161, 164

128, 279
142, 422
153, 188
162, 124

134, 366
146, 667
159, 406
169, 193

143, 991
158, 770
170, 068

146, 968
163, 128
175,956

159, 553
172,489
188, 314

NET EARNINGS (THOUSANDS OF DOLLARS)

1920
1921 ._
1922
1923

-__

1924
1925,
1926
1927

$347, 383
394, 614
446, 858
509, 599

$33, 133
35, 897
41, 999
47, 441

$30, 561
32, 541
38, 864
44, 495

$30, 916
32, 607
38, 496
44, 883

$30, 597
32, 695
38, 700
44, 927

$28, 949
31, 783
36, 592
42, 040

$26, 689
29, 871
34, 500
40, 939

$24,311
28, 301
30, 911
36, 108

$24, 828
28, 080
29, 168
34, 221

$26, 007
31, 423
34, 114
38, 233

$27, 829
33, 970
38, 269
42, 031

$32, 158
37, 578
42, 158
46, 268

$31, 405
39, 868
43, 087
48, 013

546, 127
632, 222
715, 027

51,033
58, 672
66, 975
74 377

48 242
54, 103
61, 555
66, 908

47, 250
52, 476
60, 697
65 409

45, 791
51,016
59, 471
64 908

43, 657
48, 972
54, 994
61,622

41, 603
47, 778
55, 700
59, 030

36, 604
44, 310
49, 239
53, 983

36, 839
44, 771
49, 845
53 455

42,014
49, 140
56, 876
61 000

46, 054
55, 057
60, 850

50, 412
60, 512
65, 825

56, 628
65, 415
73, 000

1
Compiled by the 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 cf- the important qrganizatfons 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.

FIRE LOSSES IN C ANADA »
1909

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

--

18, 905, 538 23, 593, 315
1, 575, 462
1, 966, 110

_ _ __
Month

January
February
March
April
May
June
July
August
September
October
TSTovember
December

- --.

_
-._
_ _
__

Total
Monthly average

_

1912

$1, 275, 246 $2, 250, 550 $3, 002, 650
750, 625
941, 045
1, 640, 153
852, 380
2, 261, 414
1, 076, 253
1, 717, 237
1, 317, 900
1, 355, 055
3, 358, 276 2, 735, 536
2, 564, 500 2, 251, 815
4, 229, 412
1, 300, 275
1, 500, 000
1, 151, 150
1, 741, 371
1, 075, 600
6, 386, 674
5, 384, 300
2, 582, 915
920, 000
1, 164, 760
1, 667, 270
1, 615, 405
894, 125
883, 949
1, 123, 550
2, 208, 718
1,416,218
2, 195, 781
580, 750
935, 191
1, 184, 010
1, 943, 708
1, 506, 500
1, 493, 813
1, 450, 860
1, 769, 905
2, 866, 950

_

Total
Monthly average

1911

$1, 500, 000
1, 233, 005
851, 690
720^650

--

_ _ _ .

_

1910

._
_

1913

1914

1915

1916

$3, 913, 385
2, 037, 386
1, 710, 756
1, 470, 622
2, 123, 868
3, 069, 446
2, 579, 698
3, 034, 775
1, 468, 324
1, 383, 572
2, 200, 486
1, 354, 300

$2, 796, 312 $1, 249, 886
2, 920, 749 1 019,556
1, 631, 696
2, 660, 666
1, 463, 747
1, 916, 235
881, 855
1, 935, 516
1, 157, 156
1,267,416
773, 239
2, 033, 139
2, 921, 379
403, 693
1, 116, 109
1, 356, 281
1, 290, 325
1, 326, 565
1, 087, 980
1, 524, 932
1, 661, 822
1,595 255

$1, 649, 217
3, 275, 600
1, 406, 501
1, 460, 437
1, 850, 205
494, 557
3, 039, 634
1, 057, 109
981, 703
1, 077, 815
623, 235
3, 271, 496

$1, 918, 660
2, 009, 953
2, 050, 650
1, 317, 714
1, 163, 110
1, 184, 627
1, 101, 734
1, 230, 183
1, 301, 700
704, COS
959, 049
5, 144, 100
20, 086, 085
1, 673, 840

21, 459, 575
1, 788, 238

22, 900, 712
1, 908, 393

26, 346, 618
2, 195, 552

24, 321, 012
2, 026, 751

13, 670, 527
1, 139, 211

20, 487, 509
1, 707, 292

1921

1922

1923

1924

1925

$3 983 975
3, 304, 700
2, 452, 200
2, 614, 650
2,418,213
2, 322, 450
2, 679, 500
2, 934, 700
2, 328, 211
2 528,300
2, 130, 860
3 621 850

$6 360,200

1918

1919

1920

$2, 688, 556
2, 243, 762
1, 682, 286
3, 210, 187
3, 570, 014
3, 080, 982
3, 369, 684
3, 110, 445
917, 286
5, 119, 145
1, 059, 580
1, 733, 917

$3, 915, 230
1, 091, 834
2, 154, 095
1, 080, 070
1, 785, 030
3, 337, 530
1, 118, 377
1, 374, 495
1, 940, 272
1, 023, 288
2, 339, 870
2, 047, 496

$2, 637, 850
1, 895, 575
1, 793, 200
3, 229, 500
2, 001, 819
1,424, 319
1, 425, 850
1, 857, 800
2, 480, 485
2, 467, 901
2, 769, 800
3, 386, 475

31, 815, 844
2, 651, 320

23, 207, 647 27, 371, 574 29, 987, 510
1, 933, 971
2, 280, 965 2, 498, 959

1917

$2, 237, 900 $3, 597, 500 $2 156,150
4, Oo2, 400
4, 520, 200
2, 735, 500
4, 331, 750
2, 112, 200
4,429,050
2, 510, 700 2, 532, 100
2, 380, 500
2, 956, 450
3, 214, 400
3, 811, 350
2, 303, 400
2, 162, 550
3, 125, 400
3, 652, 000
2, 880, 250
2, 048, 900
3, 014, 860
1, 92% 355
3, 100, 500
2,410,300
3, 127, 000
2, 532, 300
2, 199, 700
5, 627, 950
2, 816, 100
2, 954, 000
1, 818, 750
1, 990, 800
1, 952, 600
6, 815, 950
2 304 950
43, 746, 005
3, 645, 500

619 250
2, 884, 938

1, 622, 858
2, 135, 800
1, 924, 100
3, 189, 850
1, 973, 200
2, 208, 175
2, 913, 500
2, 739, 557
1, 385, 800
2, 806, 200
1 320 850

33 319 609 30 580 090
2, 776, 634 2, 548, 341

1926
$3, 864, 400
2, 968, 100
2, 863, 100
3, 536, 638
2, 573, 667
3, 133, 402
3, 270, 000
2, 811, 740
1, 579, 210
1 048 100
2, 188, 500
3 065 650
32 902 507
2, 741, 876

i Compiled by the Monetary Times, from weekly reports, representing property losses only, exclusive of losses due to forest fires. Details by Provinces have been published since 1924




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. ;~, f • X ^ OFFICE, Ot /THE SECRETARY^ ' ' ,
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FUNCTIONS OF THE DEPARTMENT OF WMMEBCE
HERBERT HOOVER, Secretary ot Commerce
WALTER F. BROWN^ Assistant Secretary of Commerce

AUTICS BRANCH
, Jr., Assistant Secretary of Commerce
for Aeronautics
^
airways and maintenance of aids to air
,nd registration of Aircraft and licensing
" air traffic rules; investigation of accimunlcip&l air ports; fostering of aif
rcti in aeronautics; and disseminaIng to commercial aeronautics. (Some
(performed by special divisions of the
Bureau of Standards, apd the Coast

OF THE CENSUS
M. STE^AR*, Director
>u)at!on, inmates of institutions^ mines
and water transportation every
and electrical public utilities
of manufactures .every 2 yea^rs,
(ca of wealtlbi, public debt and taxation,
Ics of local governments, e^ery 10
of financial statistics of State and
ics of marriage, divorce, births, deaths,
nually, and of death rates in cities and
fr-J'

.

/

or monthly of statistics on cotton,
" other industries; publication in the
of monthly commercial and indus-

AND DOMEStIC COMMERCE
•LEIN, Director
information concerning wprl$ market
•American products in foreign counattache"s, trade commissioners, and
[istribution through weekly Commerce
ntial circulars, the news and trade
operative offices in 33 cities.
iOtnmodity, technical, and regional
service to America** exporters and
stribution of lisfys of possible buyers
•duetejn all parts of the world and
of specific sales opportunities abroad.
3 6n imports and exports,.
of domestio trade and commerce.

OF STANDARDS
L BURGESS, Direotpr
and construction of standards of
irformaRce, oty practice; comparison
"fie or other institutions; determinad properties of materials; researches
processes; and j^ufolicatibn of scien-'
^reporting results of researches,and
,tions for Government purchases,
ications Board.
(tiori of information concerning
ning and construction of houses,
fied commercial practices through
[organizations in order to reduce the
"ve Variety in comn^odities.

OF MINKS'*/!; -, .
NBSB, Director
in t]ae mining, preparation and
finding the study of mine hazards
improved methods in the prouels and BQ^n&gement of the Gov-

,

Research on helium and operation of plants producing it.j
Studies in the ecofiotnice and marketing of minerals and col^
lection of statistics on mineral resources ancj mine accidents.
The dissemination, of results of , technical and economic
researches in bulletins, technical papers, mineral resources
series, miners' circulars, ^nd miscellaneous publications.

BUREAU pf FISHERIES
O* MALLET, Commissioner , \ f
The propagation and distribution of food fish and shellfish,
in order to prevent the depletion of the fisheries; investigations ,
to promote conservation of fishery resource^; the development of , commercial fisheiles and agiriculture; study of fishery
methods, improvements in merchandising and collection of
fishery statistics; administration of Alaska fisheries and fur
seals; and the protection of sponges off the coast of Florida,

BtJREAU pF LIGHTHOUSES
GBOBQE R.Pbt if AM, Commissioner;
,
Maintenance of lighthouses and other aids to water navigation. Establishment and maintenance of aids to navigation
along civil airways,
.
!/
t Publication of LigEt Lists, Buoy Lists, and Ndtfceg to Mari*
ners, giving information regarding these aids to navigation.

COAST AND GEODETIC SURVEY
E* LESTBB JQNBB, Director
Survey of the coasts of the United States and publication ot
charts for the navigation of the adjacent waters, including
Alaska, the Philippine Islands, Hawaii, porto Rico, the Virgin
/Islands, and the Canal Zonp; iritenor control surwys; magnetic surveys; tide and current observations; lind ssismojoglcal
investigations. ,
\ « '
, f/
Publication of results through charts, coast pilots, tide tables,
current tables, and special publications. !
,

BUREAU OF NAVIGATION
D. B* CABISQN, Commissioner
'
Superintendence of commercial marine and merchant seamen.
Supervision of registering, enrolling^ licensing, numbering;
etc., of Vessels under the United States flag, and the annual
publication of a list of such vessels.
, ;
Enforcement of the navigation and steamboat Inspection
laws, including imposition of fees, fines* tcfonage ta^es, etc. ,

STEAMBOAT INSPECTION
N. HOOVBB, Supervising Inspector General ^ *'
The inspection of merchant vessels, including boilers, hulls,
and life-saving equipment, licensing of officers o£ vesselsK certification of able seanien and lifeboat men, and the investigation
of violations of steamboat inspection laws.

UNITED STATES PATENT
THOMAS E« ROBERTSON, CommisMoner ,
The granting of patents an<J the registration of trade-marks^
prints, and labels after technical examination and judicial pro*
Maintenance of library *wii& public search room, containing
copies of foreign and,United States patents and trade-mark*.
Recording (biUs of sale, assignments, etc., relating, to patents
and trade-marks. Furnishing copies of records, pertaining to ,
patents.
,
Publication of the weekly Official Gazette, showing the patents and trade-marks issiied.
<

RADIO DIVISION
W. D. TBRBBLL, Chief
Inspection of radio stations on ships; inspection of radio star
tions on shore, including broadcasting stations; licensing radio
operators; assigning station call letters,' enforcing the terns of
the International Radiotelegraphic Convention^ and examining
and settling international radio accounts.