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JNITED: STATES .';..'. • •
OF COMMERCE
WASHINGTON

SifRVEY OF
FEBRUARY, 1926
No.,

SEMIANNUAL NUMBER

COMPILED BY

:

' ' ' ' " ' ' ' " ' . • • , '

F THE CENSUS - > / : / ; .'- - .';
AND DOMESTIC GOMMERGE
OF STANDARDS
'.V;''1-?;'. . : , ' . ' V : \
I •.. ' IMPORTAWF NOTtCE
'
'-. : •
-• ' - - . . . _ - .
!/* addition to figures gi^fraty Covenant sources^, there are also incorporated for completeness of
xer&ce figures from oili& source* generally accepted by ike trades, the autitority one? nsp
,: : ; • far wh&h me fated in the "Sources of Data" w
Subscription price cif tBe Sw^ir OF Ct^JOiENT BxjsiriBSS h $1.50 a year; single copies (monthly^ 10 <$nt?; semfannilial
|s^^JS;c^ts. fdrieiln subsc^pttons, $2.25^ singly copies (monithly issues), induing po^ta^e, 14 cents} semiatmiiri
fesi^, $6lse^ : §ab^riptioii\prfce qf COMMBRCB RE^RT^ is $4 a year; with the SURVEY, J&'SO ^ year. Make
reiiiiittahee§ ^Iy to Superintendent of Documieiiits, Washirsgton, D, C:» by postal njbney order/ express^ order,ot ffew
••
/;
f 5 Y^rk;dwft^^
Postage>tamps pr foreign money not accept.




INTRODUCTION
The SUBVEY OF CURRENT BUSINESS is designed to per cent over the> base period, while a relative number
resent each month a picture of the business situation of 80 means a decrease of 20 per cent from the base.
y setting forth the principal facts regarding the variRelative numbers may also Be used to .calculate the
ous lines of trade and indtistrv. At semiannual inter- approximate percentage increase or decrease in a move*
vals detailed tables are published giving, for each item, ment from one period to the nekt. Thtis, if a jtelativei
monthly figures for the past two years and yearly com- number at one month is 120 and fof *i later i&onth it
parisons, where available, back to 1913; also blank is 144 there has bsei^ an increase of 20 per cent.
lines sufficient for six months have been left at the
In many instances comparable figures for the prebottom of each taible enabling those who care to do war years areJiot available, a&d in such cases the year
:so to enter new figures as soon as they appear (as 1919 has usuafly been taken a^ the base* For sope,
in, the present semiannual issuq). In the intervening industries 1919! can not be regarded as a proper base,
months the more important comparisons only are *due to extraordinary conditions in the industry, and
given in the table entitled "Trend-of business move- some more representative period his been chosen.
ments."
In many cases relative numbers of less importance
have been temporarily omitted,
^"
>
ADVANCE SHEETS
Most of the felative numbers appear in i special
section of tie ^miannual issues, as ifl Tables 107 to
.,' Realizing that current statistics are highly perish- 127 of the present number, thiis allowing e^sy comable and that to be of use they must reach the business parison on a |>E€HWar base for all itenas toy whieh
man at the earliest possible moment, the department relatives could b^ computed*
;
lt
has arranged to Distribute/advance leaflets every week
to subscribers in the United, States. The leaflets
;'/' '/' INDEX NUMBERS' -• . '^ '*
are usually mailed oft Tuesdays and give such i&fdTWhen two or more series of relative mimbers are
;matiqn as has been received during the preceding
week. The information contained in these leaflets is combined by a /system of. weigljtiiigs 1&e resulting
also reprinted in "Commerce Reports,'' issued weekly series is denominated jam index number* The ^index
by the Bureau of Foreign and Domestic Commerce. number, by combining majiy iMitiye numbera^
The monthly bulletin is distributed as quickly as it designed to show the trend of an ep^re group of industries or for the country a!s a whole, instead of for
eafc. Be completed And printed,
the single commodity or industry^hich the relatite
niimber covers. Comparisons with the Base fear or
BASIC DATA
with other periods are made in the same manner as in
.Tlie|igures reported in the accompanying tables are the case of relative!numbers.
very largely those already in existence. The chief
RATIO CHARTS
function of the,department is to bring together these
data which, if available at all, are scattered in hunIn many instances the charts used in the
•dreds of different publications. A portion of these OF CtrBKENT BTOiipras are of the type termed " Ratio
data are collected by Government departments, other Charts" (logarithmic scale), notably the Business
^figures are compiled by technical journals, and still Indicator charts opt psige 2, These charts show ,the
others are reported by trade associations.
percentage increase ^rid #Ilow direct comparisons between the slope Jof one curve and that of any other
RELATIVE NUMBERS
curve regardless of its location OB the diagram; that
To, facilitate comparison between different items and is, a 10 per c^nt increase, in an item is given the same
render the trend of a movement more apparent, rela- vertical movement Whether its cutve is nea£ the bottive numbers (often called ** index pumpers," a term tom or near the top of the chart.
referring more particularly to a special ki&d of number
The difference between this and the ordinary form
described below) have been calculated! The relative of a char^ can be made clear by an, £xteij4e. If a
numbers enable the reader to see at a glance the certain item, having a relative dumber of 400 in one
general upward or downward tendency oi a moVe- month, increases 10 per cent in the following mohth^
ment which can not so easily be grasped from the its relative number will be 440, ap^ *>n && ordinary
ch&rt would be plotted 40 equidistanct scale points
actual figures.
In computing these relative numbers the last pre- higher than the .preceding month. Another move"w^r year, 1913, or in some instances a five-year aver- ment with a relative number of, say, 50 also increases
age, 1909-1913, has been used as a base equal to 100 10 per cent, making its telative number 55. Oti the
ordinary (arithmetic) scale this item would ris^ only 5
wherever possible.
The relative numbers are computed by allowing the equidistant points, whereas the previous item rose 40
monthly average for the base year or period to equal points, yet each showed the sam^ berceafca^ increase.
100. If the movement for a current month is greater The ratio charts avoid tWs difficulty and give to each
-than the base, the relative number will be greater than of the two movements exactly the same vertical rise
100, and vice versa. The difference between 100 and and hence the sloped of the two Knes are directly
the relative number will give at once the per cent comparable. The tatio charts efom£are percentage
increase or decrease compared with the base period, changes, whUe the arithmetic charte compare absolute
; ,
%\
a relative number of 115 means an increase of 15 changes^

S

This issue presents practically complete data for the month of December arid also items covering January, 192$f received
up to February 15; As most data covering a particular month's business are not available until from IS to SO days after the
close of the month, a complete picture of that month's operations^ Including relative numbers, cumulative totals, text,
and charts, can not be presented in printed form under 45 days after its close, but the advance leaflets described above give
considerable information as early as IS days after its close, and present every week the latest data available*
,



UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY
BUREAU OF THE CENSUS

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

BUREAU OF STANDARDS

1926

FEBRUARY

No. 54

CONTENTS
TEXT MATERIAL

DETAILED TABLES

Page

1
Preliminary summary for January
Course of business in December:
General conditions
9
Summary of indexes of business
10
Review, principal branches, industry and commerce-- 13
GENERAL CHARTS

Business indicators
2
Wholesale prices in January
4
Graphic summary of commerce and industry in 1925, by
quarters
6
Production, stocks, and unfilled orders
10
Wholesale prices of raw materials, producers' goods, and
consumers' goods
11
General index of employment in manufacturing industries- _ 12
GENERAL TEXT TABLES

Business indicators
3
Wholesale price comparisons
5
Statistical summary of commerce and industry: 1921-1925. 7
Business summary
1
9
Indexes of business (production)
25

General indexes of business activity (Tables 1 to 5)
Textiles (Tables 6 to 11)
*_
Metals and fuels (Tables 12 to 26)
Rubber, leather, and paper (Tables 27 to 35)
Building construction (Tables 36 to 45)
Chemicals and oils (Tables 46 to 52)
Foodstuffs and tobacco (Tables 53 to 65)
Transportation and labor (Tables 66 to 79)
Distribution, banking, and finance (Tables 80 to 99)
Foreign exchange and trade (Tables 100 to 106)

Page

26
31
37
51
60
70
77
90
104
124

RELATIVE NUMBERS (1913 = 100)

Textiles, metals, and fuels (Tables 107 to 112)
Rubber, leather, paper, and lumber (Tables 113 and 114)__
Foodstuffs, chemicals, and building materials (Tables 115
to 119)
Tobacco, transportation, and automobiles (Tables 120 and
121)
Finance and foreign trade (Tables 122 to 127)

131
137
139
144
146

INDEXES

Sources of data
General index

152
156

PRELIMINARY SUMMARY FOR JANUARY
Early reports for January indicate increased industrial activity over December, gains being shown in the
production of pig iron, steel ingots, zinc, and northern
pine lumber, in the deliveries for consumption of tin
and silk, in the grindings of corn, and in shipments of
railroad locomotives and of electric industrial trucks
and tractors. Douglas fir lumber output declined.
The same comparisons hold good with January, 1925,
except that pig iron and steel ingots declined in production. Unfilled steel orders on January 31 declined
from both the previous month and a year ago, and
fewer iron furnaces were in blast than at either previous
period. Locomotive unfilled orders, though less than
on December 31, were higher than a year ago.
Retail trade in January was seasonally lower than
in December but higher than a year ago, as shown by
returns from mail-order houses and 10-cent chains.
Postal receipts and check payments outside New York
City showed similar comparison, while New York
 79396—26 1


payments increased over December as well as over a
year ago.
The price trend in January was generally to higher
levels than in December, especially in the farm products, food, and fuel groups, while the clothing and
metals groups tended to decline. The most striking
changes were an advance of 64 per cent over December
in the price of coke and a decline of 21 per cent in the
price of rubber.
Business failures increased over December in a
seasonal movement but were less than a year ago in
both number and liabilities. New incorporations increased over both periods. Interest rates on commercial paper averaged the same as in December while the
call money rate declined. Stock prices averaged
higher than in December but the volume of transactions was smaller than in either the previous month
or a year ago. The Federal reserve ratio was higher
than at the end of December but lower than at the
end of January, 1925.

BUSINESS INDICATORS: 1920-1925
[Ratio charts—see explanation on inside front cover. Except for "Net freight ton-miles," latest month plotted is December, 1925; November is latest plotted for "Net
freight ton-miles," while the curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production for the varying number
of working days]

1920 182! ! S 9 2 2 I923 1 1924' 1925

1920 1921 1922 1923 I924'l92§

RELATIVE TO !9!9 AS 100

RELATIVE TO 1913 AS 100

300

ZHJ300

BANK DEBITS, 141 CENTERS

200

PRICES 25 INDUSTRIAL STOCKS
200

— ^.JjNTEREST RATES, COMMERCIAL PAPER 1

.

100
80
60

i

i

'

WHOLESALE TRADE, 6 LINES

1

I^Su~^ ^+

S*&^L\

i
1

WHOLESALE PRICES (DEPT. OF LABOR)

DEPT STORE TRADE (359 STORES)

MAIL-ORDER SALES
(4 HOUSES ) ^ !
FARM

PRICES (DEPTOFAGRJCULTURE)

iOO

80
-GENERAL MANUFACTURING PRODUCTION 60
I
(64 COMMODITIES)
|
40

CD

200

-LUMBER PRODUCTION1

( 5

SPECljES )

1

60
40

60

UNFILLED STEEL ORDERS

-AUTOMOBILE PRODUCTION_( PASSENGER CARS AND TRUCKS)

40

120
FACTORY

EMPLOYMENT

NET FREIGHT TON-MILES

100

-BUSINESS FAILURES'—
-DEFAULTED LIABILITIES'

40
20

!920 1921 J 1922' 1923 I924'I925




fBUILDING CONTRACTS AWARDED
1
(27 STATES>—j
f

1920 1921'1922 1923 1924'1925

80
60
40

20

X

LJ

a
z

BUSINESS INDICATORS
The following table gives comparative relative numbers for a selected list of important business movements. It is believed
that this table will prove useful, because it separates out from the large mass of material a comparatively small number of items
which are often regarded as indicative of business in general.
The table has been divided into two parts, the first containing those items for which relative numbers can be calculated, using
1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of
relative numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the
absolute value of the two sets of data. In either group, however, the upward or downward trend of the relative numbers, compared
to previous mouths, does reflect the present tendency in each item and will give a basis for business judgment.
Where available at the time of going to press, February 15, January indicators have been included, thus
bringing this table up to date. It should be noted that the charts on page 2 show December data as the latest
plotted, except for freight ton-miles, which shows November.

_._. _. ^

.

IBM

1324

MONTHLY AVERAGE

1926

1
i
Xov. Dec. Jan. 'Feb. 'Alar. A p r , May June, J u l y -\ug iSept. Oct. Nov. 'Dec. Jan.

1920 1921 1922 1923 1924 j

1913 monthly average=«100
Production:
Pig iron
Steel ingots
„
Copper.
._
Cement (shipments)
Anthracite coal.
Bituminous coal
Electric energy (gross revenue sales)..
Crude petroleum..
Cotton (consumption)
Beef
Pork
Unfilled orders:
United States Steel Corporation
Stocks:
Crude petroleum 3 ..,._
Cotton (total)
_
Prices:1
Wholesale index
Retail food
Retail coal, bituminous
Farm products
Business finances:
Defaulted liabilities
Price 25 industrial stocks
Price 25 railroad stocks
Banking:
Clearings, New York City
Clearings, outside
._
Commercial paper interest rate
Distribution:
Imports (value) ,
Exports (value)
Sales, mail-order
Transportation:
Freight, net ton-miles

120
_. 135
99
108
98
119
283
178
\ 105
I 119
j 113
|
J 170
I
! 143
] 155
j
! 226
| 203
207
_.| 205
|
I 108
j 184
67

54 87 130 101
64 114 144 122
38 80 120 128
107 131 153 164
99 58 104 99
87 85 118 101
312 349 407 434
189 224 295 285
97 109 117 99
113 126 130 133
117 130 160 151
90

96

102

68

118
146
186
177
68
109

118

304
115
139
128

277

73

82

127 114 104 104 106
142 137 127 122 136
137 137 138 133 132
195 226 237 245 249
98 107 102 109 1)3
85 89 93 99 113
| 457 449 429 421 419 429
292 297 329 322 325 323
125 128 114 106 104 96
129 131 132 127 145 135
115 109 116 136 107 96

126
149
134
81 i

166
131
69
97
130

94
98

480
261
113
105
152

287

134
191

139
166
145
139

76

85 ! 89 i

69

63

60

59

100 118 118
138 154 155
132 138 131
240 20? 137
i
2
1
117 133 127
450 495
313 311 297
104 117 117
144 173 137
fl7 122 127

294
124
152
102

70

78

85

63

127
158
134
94
3
132

130
165
139
77
2
135

125

83

171 265
198 »153
I

311 369 290
125 112 129

374 jj 298 i 295 j 294
193 I 172 ' 150 | 126

294
294 297 296
103 80 61

294 289' 287 284
45 66 130 185

283
216

278
237 226

147
153
197
116

149
142
188
124

154
146
190
135

150
146
169
134

159
145
167
147

157 i 160
154
170
146

156
151
161
147

160
160
159
149

160
160
160
152

1^0
169
168
144

158
162
170
143

158
167
179
144

156
167
179
143

156
164
179
143

229
136
64

228
169
75

197
185
72

198
198
81

162
262
99

238
176 j 149
233 I 238 ; 235
96 ! 98 i 95

163 162
233 245
92 96

161 161
248 266
96 97

163
272
101

134
280
102

129 157 160
300 300 305
103 106 111

191
309
111

j 257 205 230 226 264 300
| 275 212 230 278 284 315
j 134 118 80 90 71 73
j

339 ! 267
296
323 | 273 309

290 302 305 297 256
308 297 317 323 293
72 70 70 71
72

276
313
78

329 298 342 344
353 319 348 341
80 79 79 79

66 !

140 177 212 201 236
181 154 168 185 198
188 204 259 284 327
105

115

139

I
i
|
|

161
151
172
146

I 161
i 151
I 169
| 151

66 :

71

155
152
159
146

157
156
158
148

250 252 266
237 216 226
464 396 473

224 232 \ 223 i 258 i 233 219 218 218 228 234
233
214 | 216 | 179 : 179 156 193 184 203
193 219 | 184
411 308 ! 299 318 i 322 262 271 248 255 309
322

131 — - 139

128

135 ! 123 I 129

123
123

136

131

139

153

161

151

277
193
336

149

_

1919 monthly average-100
Production:
Lumber»
Building contracts
_
Stocks:
beef
Pork
Business finances:
Bond prices (40 issues)
Banking:
Debits outside New York City.
Federal ReserveBills discounted
Total reserves
Ratio

I

102
_.| 72

117
102

133
108

129
108

141
138

126
105

110
100

121
91

122
83

136
138

143
157

29
70

32
91

34
90

34
82

42
46

80
70

59
85

65
94

49
90

41
88

107

104

108

112

110

110

110

111

111

111

95

107

108

122

107

124

127

106

121

117

28
144
154

39
146
152

19
146
160

26
134
149

11
143
154

16
139
145

14
141
155

22
138
151

21
137
154

21
137
154

141 I 104
146 ! 188

26

163 | 157
165 i 148
j

127

21 | 19
89 ! 76

17 | 20
59 | 46

36

34

112

116

124

117

111

111 I Ill

123 ! 113

119 ! 137

137

134

24 | 30 | 33 j 30
134 132 131 | 132
164 i 149 144 ! 144

134

149

* Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture.
1
Based on the total computed production reported by 5 associations. Includes southern pine, Douglas Qr, western pine, North Carolina pine, and California white
pine. The total production of these associations in 1919 was equal to 11,401,000,000 board feet, compared with a total lumber production for the country of 34,552,000,000
board feet reported by the census.
3
Relatives for months of 1925 are not exactly comparable with preceding data owing to a change in the method of reporting, the data since January, 1925, covering
stocks east of California only.




WHOLESALE PRICES IN JANUARY
[Bars denote percentages of increase Or decrease in the wholesale prices of specified commodities as compared with the same month of 1925 and 1924]
COMPARISON WITH
PREVIOUS MONTH
DECREASE INCREASE

COMMODITIES

10

0

10

20

COMPARISON WITH SAME MONTH

COMPARISON WITH SAME MONTH
1925
DECREASE
INCREASE
50 40

30

20

10

0

10

20

30

40

1924
DECREASE
70

50

r

8050 40

30

20

INCREASE
10

0

10

20

Q

10

20

30

40

50

40

50

60 70

FARM PRODUCTS, AVERAGE PRICE TO PRODUCER
WHEAT

~n

CORN
POTATOES
COTTON
COTTONSEED
CATTLE. BEEF
HOGS
LAMBS
WHEAT, SPRING WHEAT, WINTERCORN NO. 2
OATS
BARLEY
RYE, NO.2

TOBACCO, BURLEY
COTTON
WOOL [/4 GREASE (BOSTON ) CATTLE, STEERS
HOGS, HEAVY
SHEEP. EWES
SHEEP, LAMBS
FLOUR, SPRING FLOUR, WINTER
SUGAR, RAW
SUGAR, GRANULATED
COTTONSEED OIL
BEEF, CARCASS
BEEF. STEER ROUNDS
HAMS, SMOKED (CHICAGO

COTTON YARN
'COTTON PRINT CLOTH
COTTON, SHEETING
WORSTED YARN
WO MEN'S DRESS GOODS
SUITINGS
SILK, RAW
HIDES, PACKER'S
HIDES, CALFSKINS
LEATHER, CHROME ( BOSTON )-LEATHER. SOLE , OAK
BOOTS AND SHOES (BOSTON) —
BOOTS AND SHOES (ST. LOUIS)•
COAL^ BITUMINOUS
COAL, ANTHRACITE
COKE
PETROLEUM
FIG IRON, FOUNDRY
PIG IRON. BASIC
STEEL BILLETS. BESSEMER
COPPER

|

LEAD

TIN
ZINC
LUMBER, PiNE, SOUTHERN
LUMBER, DOUGLAS FIR
8RICK, COMMON
CEMENT

NEW YORK

STEEL BEAMS
RUBBER CRUDE
SULPHURIC ACID




'20

iO

Q

SO

20

DECREASE INCREASE

50 40

30

20

JO

Q

10

20

DECREASE

30

40

50

60

70

80

INCREASE
•fc NO CHANGE

irit NO QUOTATION

90 10030. 20

10

DECREASE

30

INCREASE

60

70 80

WHOLESALE PRICE COMPARISONS
NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics; nonferrous metals
from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to producer or at mill. See diagram on page 4.
ACTUAL PRICE

'[

(dollars)

Unit

COMMODITIES

PER CENT
INCREASE (+) OR
DECREASE (-)

January,
1926,
Decem- January, January, ' from
ber, 1925
1925
1926
December, 1925 ;

January,
1926,
from
January,
1925

RELATIVE PRICE

(1913 average^ 100)
December,
1925

January,
1926

January,
1925

-2.5 1
-37.9
+214. 1
-24.2
-24.3
+12. 1
+18.0
+0.8

194
114
338
145
128
105
140
208

200
113
369
143
130
107
147
210

205
181
118
189
172
95
124
208

-3.9
-6.8
-36.7
-27.9
-26.0
-33. 6
+2.0
-13.3
-21.7
+6.1
+7.0
-9.2
-15.8

194
182
127
112
115
163
189
158
220
118
130
172
205

201
190
129
114
115
165
189
162
216
116
139
168
190

209
203
203
159
156
249
186
188
276
109
129
185
226

-3.0
-5. 3
-8.7
-16.4
+0.9 |
-7.1
+10.5
+26.9

200
205
118
123
146
131
100
168

205
217
119
119
156
131
112
167

212
229
131
142
154
141
102
132

-7.8
-13.0
-6.5
-18.4
+2.0
-4.8
+10.5
-11.2
-10.2
-8.0
-8.0
+0.8
0.0

162
177
167
200
254
233
187
85
102
171
103
206
162

163
174
165
200
254
233
184
82
102
171
103
206
158

177
199
176
245
249
245
167
92
114
186
114
204
158

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

Bushel
Bushel
Bushel
Pound
Ton
Pound
Pound
Pound

_
_ _

.

1.537
.707
2. 015
.174
27.87
.0618
.1051
.1267

1. 581
.696
2.205
.172
28.40
.0631
.1099
.1279

1.835
1.870
.804
.430
.720
1. 052
25.00
.208
.54
9.875
11.625
7. 894
14. 844

1. 909
2. 006
1. 271
.596
.973
1. 585
24. 50
2.40
.69
9. 310
10. 800
8. 690
17. 630

9. 406
8. 335
.042
.051
.113
.170
.147
.278

9. 694
8. 805
.046
.061
.112
. 183
.133
.219

.402
.061
.103
1. 550
.800
3.600
6.811
.150
.192
.460
.460
6.40
5.13

.403
.060
.101
1.550
.800
3.600
6.713
.150
.193
.460
.460
6.40
5.00

.437
.069
.108
1.900
.784
3. 780
6.076
.169
.215
,500
.500
6.35
5.00

3.39

3.49

4.45
1.550

7.31
1.550

3.39
11.75
4.64
1.293

FARM PRODUCTS-MARKET PRICE

!

1.768
Bushel
Bushel.. . 1.796
.797
Bushel
Bnshol _ . .422
.716
Bushel
1. 038
Bushel
25. 00
Cwt
.202
Pound
Pound
.55
10. 044
! Cwt
10. 881
Cwt
8. 063
! Cwt
15. 938
i Cwt

Wheat, No. 1, northern spring (Chicago)... _
Wheat, No 2, red, winter (Chicago)
Corn, contract grades, No. 2, cash (Chicago)
Oats, contract grades, cash (Chicago)
Barley, fair to good, malting (Chicago)
Rye, No 2 cash (Chicago)
Tobacco, burley, good leaf, dark red (Louisville)
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)
FOOD
Flour, standard patents (Minneapolis) _
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York). . .
._
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime summer yellow (New York)
Beef fresh carcass good native steers (Chicago)
Beef, fresh steer rounds No 2 (Chicago)
Pork, smoked hams (Chicago)
_

+2.9
-1.6
+9.4
-1.1
+1.9
+2.1
+4.6
+0.9

1.621
1.120
.702
.227
37.50
.0563
.931
.1269

!
;
i
I
i
j

+3.8
+4.1
+0.9
+1.9
+0.6 !
+1.3

o.o :

+3.0
-1.8

-K8
-2.1
-6.9

;

:

!
_

9.180
! Barrel
7.888
'• Barrel _
j Pound.. ._ .041
.053
Pound
Pound
.106
.170
Pound
.131
Pound
.280
Pound

i
i
!
i
i
i

+2.5 i
4-5. 7 ,
+2.4 !
-3.8
+6.6
0.0
+12.2
-0.7

CLOTHING
Pound
Yard
Yard .
Pound
Yard
__
Yard
Pound
Prmnd
Pound
Squarefoot.
Pound
Pair
Pair -

Cotton yarns, carded, white, northern, rnulespun, 22-1 cones (Boston)
Cotton print cloth, 27 inches, 64 x 60-7.60 yards to pound (Boston)
Cotton sheeting brown 4/4 \Vare Shoals L L (New York)
Worsted yarns, 2/32's crossbred stock, white in skein (Boston)
Women's dress goods, French, 35-36 inches at mills, serge
Suitings wool dyed blue 55-56 inches 16-ounce Middlesex (N Y )
Silk, raw Japanese, Kansas No 1 (New York)
Hides green salted packer's heavy native steers (Chicago)
Hides, calfskins No. 1, country, 8 to 15 pounds (Chicago)
Leather, chrome calf, dull or bright "B" grades (Boston)
,.
Leather, sole oak, scoured backs heavy (Boston)
Boots and shoes men's black crilf blucher (Massachusetts)
Boots and shoes, men's dress vvelt tan calf (St Louis)
FUEL
Coal, bituminous, mine run lump (Cincinnati)
Coal, anthracite, chestnut (New York tidewater)
Coke, Connellsville (range of prompt and future) furnace— at ovens
Petroleum, crude, Kansas-Oklahoma — at wells

l

+0.2
-1.6
-1.9
0.0
0.0
0.0
-1.4
-3.8
+0.5
0.0
0.0
0.0
-2.5

:
• Short ton _
'< Loner ton _
Short ton__
Barrel

+2.9

+2.9

154

159

+64.3
0.0

+57.6
+19.9

182
166

300
166

154
221
190
138

METALS
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace __
_
_
Steel, billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early deliverv (New York)
Lead, pig, delivered, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slab, western (St. Louis)

Long ton... 22.26
Long ton... 20. 00
_. . Long ton... 35.00
.1387
Pound
.0931
Pound
Pound
.6195
.0857
Pound

22.26
20.00
35.00
. 1382
.0926
. 6142
. 0830

24.14
21.88
37.00
. 1471
. 1017
.5769
.0774

0.0
0.0
0.0
-0.4
-0.5
-0.9
-3.2

-7.8
-8.6
-5.4
—6.1
-8.9
+6.5
+7.2

139
136
136
91
213
140
156

139
136
136
91
212
139
151

151
149
144
96
233
130
141

49.43
15.50
16.00

46.95
19.50
J4.50

-0.8
0.0
+8.5

+5.3
-20.5
+10.3

216
168
225

215
244

iep

204
212
221

0.0
0.0
-20.8
0.0

-5.2
-7.1
+90.3
0.0

163
129
95
70

163
129
75
70

172
139
39
70

BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg district) _
. . .
Lumber, Douglas fir, No 1, common s 1 s, 1 x 8 x 10 (Washington)
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)
_
.




49.83
M feet
15. 50
Mfeet
Thousand- 14.75

Barrel
Cwt

Pnnnd

Cwt

1.65
1.95
. 764
.70

1.65
1.95
.605
.70

1.74
2.10
.318
.70

GRAPHIC SUMMARY OF COMMERCE AND INDUSTRY IN 1925, BY QUARTERS
[Bars represent percentages of increase or decrease from the corresponding periods of 1924.~ Where a star appears, the movement for that period showed no change from
the corresponding period of 1924. Increases are in black and decreases in cross-hatching]

ITEMS

1ST QUARTER
DECREASE
INCREASE

THE YEAR
DECREASE
INCREASE

75

50 25

0

25 50 75 50 25

2D QUARTER
DECREASE
INCREASE

25 50 75 50 25

0

3D QUARTER
DECREASE

25 50 75 50

0

4TH QUARTER
DECREASE
INCREASE

INCREASE

25

0

25

50 75 75 50

25

0

25 50

GENERAL INDEXES OF BUSIN ESS ACTIVITY
MANUFACTURING OUTPUT
COMMODITY STOCKS

H
B

- -

'

\

B

1

B

1

--

1

BANK DEBITS OUTSIDE N Y CITY

B
H
1

1

1
1

B
1

i

COST OF LIVING

i

1

i

METAL PRODUCTION
PIG IRON

HB '

CO

1

B
1

B

TIN ( CONSUMPTION )- - -

i

•LJ

i

m '

M B B '
H H

i

B
I

BH .

1

ra

i

IB

i

,

L»,

i

i

B
BB i

i

FUEIL AND POWER PRODUCTION
BITUMINOUS COAL

EH •

m

E-2
ODUC COKE
CRUDE E OLEU

B

i
i

ELECTRIC POWER

B
1

• i

i

TEXTILES

m
m ,

AND LEATHER PRODUCTION
oral

mm

B

e

\

, , T ,

i

••

BB
B ,

.

COTTON (CONSUMPTION)
UUL UU aUMK <J
SiL
CONoUM T O N )
BOOTS AND SHOES

LM^ -Ww^/

1

FOODSTUFFS PRODUCTION

WHEAT FLOUR
A
TS
CHEESE f RECEIPTS)

I

I

-

^

•

SUGAR 'MELTINGS)
BUILDING CONTR ACTS f 36 STATES
LUMBER <IO SPECIES)

1

ENAMEL BATHS (SHIPMENTS)

i

n

1

i

PASSENGER AUTOMOBILES
AUTOMOBILE TRUCKS
LOCOMOTIVES (SHIPMENTS)
PNEUMATIC TIRES c PRODUCTIQN)INNER TUBES (PRODUCTION)

m

i

,

,„ ,

. .

'

.
EJ 1 . _1
LJ' —
_
—•
,

i

i . .,. . . _ jjjjB^^IBHB

AND EQ UIPMENT

imiHi

.

n
1

B

"""•

,

*••

H

i

,

m
m

.

i

V,

TRANSPORTATION

%%%%<,

— i

H
B

m

BUILDING AND MATERIALS PRODUCTION

1

DEPARTMENT STORES
TEN— CENT STORES
MAIL-ORDER HOUSES

g

• 1
0 ,

*

vfflzfr

I

BBBEBi
TRADE (VALUES)

L

'

,

1 '

1
m

'

n

BANKING
FEDERAL RESERVE RATIO
EARNING ASSETS <F R BANKS >- LOANS. DISCOUNTS (MEMBERS'- INVESTMENTS (F R MEMBERS)- -COMMERCIAL INTEREST RATES - CALL LOAN INTEREST RATES-- PRICES, 25 INDUSTRIAL STOCKSPRICES, 25 RAILROAD STOCKS-PRICES 40 BONDS
--NEW INCORPORATIONS
NEW CAPITAL ISSUED
INDUSTRIAL DIVIDENDS
RAILROAD DIVIDENDS-

m
55
I

i

i

HB
9
@WB
B
i
!

EXCHANGE ON LONDON




I

75 50

25

DECREASE

0

i

25 50 75 50 25
INCREASE

YEAR

DECREASE
1ST

0

'

1

StassMaslL
B

, , F, ,

--

' '

mm§

1

'

1

tHi^JBW

mm
i
i

1

1
*
25 50 75 50 25

INCREASE

QUARTER

DECREASE

w

i

FOREIGN TRADE

EXPORTS FROM U.S.
IMPORTS INTO U. S - - -

'

am •
BHB

BBEfli

,

?

sssaatt

STOCKS, BONDS AND CORPORATE FINANCE™''

,

BB

i

•

i

AND EXCHANGE

m '
m
!
0

,

,

m •
,

25 50 75 50 25

INCREASE

2D QUARTER

DECREASE

m

0

25 50 75 75 50 25
INCREASE

3D QUARTER

DECREASE

-1

0

25 50

INCREASE

4TH QUARTER

STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY:
The following table contains a review of production
and distribution by principal industries and branches
of commerce for the year, 1925, with comparisons
since 1921. On the preceding page are given gtaphically the more important movements in business and

1921-1925

industry during the year, by quarters, as compared
with the same periods of 1924, while on the next
page is given a table of commodity stocks, as well as
of unfilled orders, as of December 31, 1925, with
similar data for earlier comparable periods.

VOLUME OF PRODUCTION AND DISTRIBUTION IN 1925
1921

1922

1923

1924

1925

FOODSTUFFS

1921

1922

1923

7,089

8,296

1924

1925

BUILDING AND BUILDING MATERIALS—

continued

' 58, 504 66, 794 66,160 75,345 70, 264
Corn grindings (bu.—000 omitted)
3, 554
Sugar meltings (long tons—000 omitted)-.
5,148 4,149
4,547 5,113
163, 294 195,117 192,274 204, 060 238,811
Fish catch (Ibs.—000 omitted)
Meat production, inspected slaughter
(Ibs—000,000 omitted):
4,453 4,!
5,129 5,252 5,454
Beef products
6,723 7,419 9,182 8,650 7,349
Pork products
446
Lamb and mutton products
493
418
467
450
Cottonseed oil production (Ibs.—000,000
939
omitted)
1,006
1,510
1,155
Wheat flour production (bbls.—000,000
omitted)
121
126
126
125
133

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

Consumption (000 omitted):
Wool (pounds)
Cotton (bales)
Silk (bales)
Production (000 omitted):
Fine cotton goods (pieces).

Automobile production (000 omitted):
Passenger cars
Trucks...
Rubber tires, production (000 omitted):
Pneumatic tires
Solid tires
_
Inner tubes. _ _
_

7,988

8,671

98, 293 113, 870 137, 377 148, 859 161, 298
95, 051 116, 563 135, 887 145, 747 156, 721
498
698
797

898
1, 098
1, 144

1, 085
1, 326
1, 370

1,148
1,323
1,445

1,326
1,529
1,551

1,535
147

2, 3851
254

3, 702
393

3,263
377

3,818
497

AUTOMOBILES AND TIRES

529,495; 654,125 641,6071 537,760 526,285
6,521 5, 5221 6,428
5,407
6,088i
323
358
368!
366'
501
4,251

4,629;

5,265J

4,246;

5,053

21,820 30,698) 33,944 38, 726 45, 633
424
7871
684
558
620
27,102 38, 137 45, 087 53, 028 61, 960

MISCELLANEOUS

Production (000 omitted):
Iron ore shipments (tons)
Pig iron (long tons)
Steel ingots (long tons)
Steel sheets (short tons)
Tin (consumption—long tons).
Production (short tons):
Zinc
1
C opper
Sales (short tons—000 omitted):
Structural steel
Steel castings

44,604 85,224: 118,092
16,544 26,880; 40, 039!
19,235! 34,568 43,486!
1,025) 2,290 2, 67o|
26!
57j
70!

85, 248 108,156
31, 088 36,401
36,811 44,178
2,638 3,522
64;
76

215,592j 373,680: 531,204, 535,848' 590,928
,
,
236,004 493,848) 738,768! 793,377; 841,506
1,113
298

2,181!
813|

2,203!
895!

!, 429!
773

2, 714
732

1,344|

1,274|

3,189 [

1,465!

1,127

RAILWAY EQUIPMENT

Locomotive shipments (number).
PRODUCTION OF FUEL AND POWER

Coal (short tons—000 omitted):
Anthracite
B ituminous
Coke (000 omitted—short tons):
Beehive
By-product
Petroleum products (000,000 omitted):
Crude petroleum (bbls.—42 gal.)
Gasoline (gals.)
Kerosene (gals.)_._
Lubricants (gals.)
Electrical energy, central stations (Kw.
hours—000,000 omitted):
Total
By water power
By fuels
...

90,468! 54,684! 95,448 90,214 62,515
415,920! 422,268! 564,156j 483,280! 522,967
5,544! 8,040 19,380! 9,6681 10,651
19,752! 28,500j 37,5961 33,995 39,983
470!
5,154!
1,945!
878

558
6, 202
2,306S

7321
7,556
2,349s

979

1,097!

756
714i
8, 960! 10, 886
2, 521! 2,510
1
1,155
1,301




1,225
17,991

1,448
17, 735

1,489
18, 732

1,471
14, 645

1,526
14,884

265
791

261
1,001

318
1,171

308
1,108

292
1,082

DISTRIBUTION

Sales (dollars—000 omitted):
314, 275 344, 339 433, 177 461, 045 517, 581
4 mail-order houses
5 ten-cent chains
253,920 286, 500 338, 064 378, 883 429, 131
27 grocery chains
436, 212 508, 848 632, 784 721, 428 888, 480
Advertising, agate lines (000,000 omitted):
19
18
24
Magazine
23
25
1,040
1,094 1,169 1,158 1, 213
Newspaper, 22 cities
249
274
Postal receipts (dollars—000,000 omitted).
316
301
344
Foreign trade of United States (dollars—
000,000 omitted):
Exports
4,485 3,832 4,167 4,591 4,909
2,509 3,113 3,792 3,610 4,224
Imports
.PRICE INDEX NUMBERS

(Monthly averages, relative to 1913)
Farm prices
_.
_
Wholesale prices (404 commodities)
Retail food prices (22 commodities)

116
147
153

124
149!
142

135i
154J
146!

134
150
146

147
159
145

172
3,466

262
4,121

237
2,735

282
3,784

452

53.21
79.38
60.15

62. 38 60.15 67.18
98.581 107.78 115.08
74.11 71. 72! 74.32

82.49
152.49
77.04

6,077

6, 845

8,419i

10,927

BANKING AND FINANCE

47,700! 55,932j 58, 992! 65, 604
14, 940J 17,256| 19,6201 20, 016! 22, 320
26, 328 30,456 36,324| 39, 012 43, 284

41, 268

BUILDING AND BUILDING MATERIALS

Contracts awarded (36 States—000,000
omitted):
Total floor space (sq. ft.)
Total value (dolls.)-Lumber production (board feet—000,000
omitted) :
Southern pine..
Douglas fir
California redwood
California white pine
_.
Western pine.
North Carolina pine
Northern hemlock. _
Northern hardwoods
Northern pine lumber
Northern pine lath
_.
Oak flooring
.
_.
M aple flooring

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

676
3,981

4, 5051
3, 573;
475J
469!
8931
362
204
334
410
104
149
101

5,180
5, 2281
588
797
1,448
631}
282
318
534
151
275 j
138

5,402
6,105
639
1,223
1,751
579
313
449

618|
159!
361!
1411

706!

5, 441!
5,866!
5781
1,153,
1,651!
580|
245;
400!
516S
130i
418!
1031

899
5,822

5,680
6,528
520
1,399
1,804
650
254
392
559
145
518
106

Securities:
Sales (000,000 omitted)—
Stocks (shares)
Bonds, total (dolls.)
Prices, monthly average (dolls.)—
25 railroad stocks
25 industrials
40 bonds
Banking and insurance (dollars—000,000
omitted):
Life insurance, new business.
Debits to individual accounts—
Outside New York City
New York City
Bank clearings—
Outside New York City..
_.
New York City
Interest rates, mo. average (per
cent)—
New York call loans.
Commercial paper 60-90 days
Business failures:
Liabilities (dollars—000,000 omitted).
Firms (number)

9,109

190,968 199, 500 225, 324 227,949 256,415
207, 096 239, 856 238, 392 263,531 313, 372
146, 544 158,448 189,816 196,166 217,134
194, 328 217,896! 213,996 249,870 283,619
4.42

4.43J

628
19, 652

624J
23, 676J

3. 17
3. 91

4.31
4.02

5391
543
18,714 20,615

444
21, 214

4. 87
4. 99

8
STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1922-1925—Continued
STOCKS OF COMMODITIES HELD AT YEAR-END INVENTORY PERIODS
1922
COMMODITY

Unit

November
30

i

1924

1923

December November
31
.
30

1925

December 1! November December
31
31
I
30

December November
31
\
30

FOODSTUFFS

Beef products
_
Pork products
Lamb and mutton
Sugar (raw at refineries)
Cottonseed oil
Wheat (visible, United States) _
Wheat
flour
Corn (visible, United States)
Oats (visible, United States)
Butter
.
Cheese
_._
Eggs .
Poultry
Fish
Coffee (visible, United States)
Rice (domestic)
-

Thous. oflbs
Thous. of Ibs
__
i Thous. oflbs
i Long tons
Thous. of Ibs
.. Thous. of bus
_
Thous. of bbls
Thous. of bus . .
Thous of bus
Thous. oflbs
Thous. oflbs
Thous. of cases
. Thous. oflbs . .
Thous of Ibs
Thous. of bags
_- Thous. of pockets.

_

95, 628
452, 004
3, 633
62, 892
116, 859
39, 764
9,100
12, 034
34, 887
47, 773
37, 291
3,257
51, 781
54, 503
957
2,004

93, 166
612, 823
2,014
62, 839
140. 658
82; 269
7, 900
3, 254
19, 858
51, 508
55, 105
4, 028
63, 274
63, 458
884
1, 735 I

116, 255
619,319
4. 523
33, 951
109, 444
43, 856
7.700
17, 776
34, 725
26, 819 1
33, 617
1,311
100, 170 i
48, 689
976 !
2,326 :

105, 577
758, 209
2,493
56, 788
140, 981
84, 030
7,100
9, 683
21, 350
30. 299
49, 566
1,927
93, 434
64, 290
712 |
2, Oil

415,681 I
5, 140 !
40, 959

142,964 |
708,413
2, 949
49, 393
105,992
96,114 i
6, 700 i
19,693 ,
76,343 I j
65,694 j j
49,187 | S
1,050 i
133,990!:
68,325 :
611 j!
2,347 i '

100, 239
463. 233
3, 326
32, 172
106,426
105, 533
7,700
8, 072
71, 997
100, 832
58, 705
3, 102
87, 939
70, 406
803
2,265

i 391. 248
5, 852
55, 516

73,564
418,737
1, 549
92, 709
111,333
49,774
7, 800
3,077
68,739
74,754
66,495
3,786
86,733
61,849
789
1,091

84, 725
515, 292
1,825
120, 146
119, 124
55, 024
6,900
19, 075
66, 762
52, 708
58, 548
1,677
111,459
58, 651
880
2,046

1373,010
6,662
46,813 |

346, 678
7,326
49, 824

41,686
6.922
1,904

36, 898
9,295
2, 664

',

1,152,743
43,204
25,072
14, 534
85,555
201,847
239,269
45, 046
196,939

1, 165, 620
44, 715
28^ 440
18, 429
110,011
222, 032
228, 659
51, 247
220, 479

23,838 i|

17,418

16, 238

CLOTHING MATERIALS

Wool, grease equivalent (mills and dealers)
Cotton (mills and warehouses)
Silk (warehouses)

. Thous. of Ibs
Thous. of bales
Bales

> 525, 174
5,922
47, 159

518,844
5, 987
49, 174

i 474. 748 i
5, 214
35, 398

44, 004
19, 497
2,699

39, 866
18, 252
3, 704

42, 836 !
30, 904
1, 072 !

1, 274, 418
19, 132
23, 908
5,320
34, 370
_ .
64, S22
64, 462
40, 161
352, 465

1, 218, 843
21.230
25, 156
9, 108
37, 886
67, 618
70, 491
44, 774
349,917

19, 651

19, 208

23, 346 j

M,457,439
i 993, 398
i 382, 586

1, 491, 301
1, 068, 042
346, 604

i 1, 562, 225 !
i 1, 086, 985 !
i 393, 489 i

359,612
5,937
61,533

!
!

METALS

Iron ore
Zinc
Tin

Thous. of long tons
Short tons
Long tons

_

flooring
flooring

.

1, 110, 704
41, 140
24, 239
10, 900
43, 557
|
84, 373
|
87, 147
;
50, 323
346, 200

1, 026, 246
41, 795
22, 931
8,928
90,012
171, 999
228, 438
51, 489
228, 673

.

M feet b. m
M feet b. m
M feet b. m
Thous. of bbls
Number-- _ .
Number
Number. _
' Barrels
! Barrels

1,115,880
41, 467
22, 159
6, 991
37, 342
69,412
67, 265
39, 221
316, 820

i
i
!

PAPER

Newsprint (at mills)

36,360 , 1
21,208 j ,
2,844 H

40, 728
26, 912
2,089

!

CONSTRUCTION MATERIALS

Yellow pine
Oak
Maple
Cement
Baths (enamel)
Lavatories (enamel)
Sinks (enamel)
Turpentine
Rosin

38,635
37, 578
1, 652

!
!
!
!
i
!
1

1,041,774
43,823
25,992
14, 123
104,301
196,324
251,448
61, 379
256,482

'
'
1,

jl

i

I

Short tons

23, 669

25, 062

TOBACCO

Total
Chewing, smoking, and snuff"
Cigar types
1

Thous. of Ibs
Thous. oflbs
Thous. of Ibs

1, 651, 930 j 11, 724, 767 I1
1, 219, 694 i 1, 239, 936
358, 256 j i 407, 006
I

1,713,670 1; * 1,754,596 1 1, 818, 564
1,266,083 !» * 1,289,447 j 1, 384, 627
356, 119
371,043 |i1 1389,913 !
i

Quarter ending September 30.

UNFILLED ORDERS FOR SPECIFIED COMMODITIES
j

JUNE 30—

DECEMBER 31—
|

COMMODITY

Unit

i

1922

Sheets, blue, black, and galvanized
Steel (U. S. Steel Corporation)
Locomotives
Oak
flooring
_.
Maple flooring
Baths (enamel)- - _.
Small ware (enamel)




Short tons
Thous. of long tons. . !
Number
j
Mfeetb. m
!
M feet b. in
!
l
Number
Number.
i

1923

503, 175
437,853
6, 386
5, 636
1, 958
596
38, 530
38,434
28, 205
26, 330
286, 888
177, 197
486,331 1,038,045

1924

246,810
3,263
531
36,093
9,596
181,907
458,182

1922

1925

!
i
i
!
!
!
i

440,687
3,710
397
50,092
9,498
111,797
252,991

1
:
!
i

1923

1924

1925

505, 766
6, 746
1, 592
40, 925
22, 324
205, 659
647, 839

445, 167
4,445
387
47, 700
15, 375
203, 329
712, 620

663, 460
4,817
431
53, 295
12, 735
89, 402
254, 625

677,9 7 !
5,033 i
763
61, 103
9,076 •
83, 859
189, 261

Percent
age
change
Dec. 31,
1925, from
June 30,
1925
+53.8
+35.4
+92.2
+22.0
-4.4
-25.0
-25. 2

BUSINESS SUMMARY
iverage—enable comparisons
[Index and relative numbers based on the 1919 monthly average as 100—except unfilled orders which are based on the 1920 average—enable comparison! to be made of the
n thft inalria frnnfr. nmjpr and
relative condition of the several phases of business. The use of index and relative numbers is more fully explained on the inside front cover, an details Of manUfacturing and raw material production are given in the table entitled "Indexes of Business," on p. 25]

YEARLY
AVERAGE

1§24

1925

1

;

!

PER CENT INCREASE (+)
OR DECREASE ( — )

I

1923
.

" " "" •

1824

Novem- December
ber
i

1925

October

Novem- December
ber

December,
1925, from
November,
1925

December,
1925, from
December,
1924

l

"

PRODUCTION:
Manufacturing (64 commodities — Adjusted) 1
Raw materials, total
Minerals
Animal products
_.
Crops
Forest products
Electric power
__ __
Building (awards — floor space)

114
156
120
125
195
114
156
105

113
143
124
138
158
108
171
100

148

128
145
124
119
174
121
178
146

123
141
122
123
164
118
188
137
•

-1. 6
+ 3.4
-5.7
-2. 5
+ 5. 6
-6,2

+ 8,8
-1.4
-1.6
-10.9
+ 3.8
+ 9. 3
+ 9.9
+ 37.0

|
!
i
!
1
!

131
157
132
115
196
137

:

183

1

-3.9

131
117
102
121
144
106

123
117
118
119
152
108

126
115
127
113
111
126
169 1
138

119
74

135
52

144
56

135
53

141 !
62 !

132
53

134
58

150
64

+ 11-9
+ 10.3

+ 6.4
+ 3. 2

99
165
83
124

105
185
82
125

118
209 i
84
131

131
199
84
141

148 1
366 |
79 !
210 |

170
237
101
165

144
220
86
145

166
427
79
224

+ 15.3
+ 94. 1
-8. 1
+ 54. 5

+ 12.2
+ 16. 7
0.0
+ 6.7

65
75
78
94

64
73
78
95

70
77
84
98

66

„»

74

81
96

67
76
82
97

68
77
87
99

69
77
90
100

68
76
89
99

-1. 4
-1. 3
— 1. 1
-1. 0

+ 1.5
0. 0
+ 8. 5
+ 2. 1

CHECK PAYMENTS (141 cities—Seasonal adjustment)
FACTORY EMPLOYMENT (1919 base) . .

103
93

110
84

127
84

110
81

116
82

132
85

127
85

129
85

+ 1.6
0. 0

+ 11. 2
+ 3.7

TRANSPORTATION :
Net freight ton-mile operation
115
Car loadings (monthly total)119
Net available car surplus (end of ino.) . „ 25

108
116
139

122
146

115
112
111

106 i '
100 !
161 1

133
159
66

123
117
83

106 ;
162

-9. 4
+ 95.2

+6. 0
+0.6

119
113

STOCKS (45 commodities; seasonal adjustment)
UNFILLED ORDERS (relative to 1920)
SALES (based on value) :
Mail-order bouses (4 houses)
Ten-cent chains (5 chains)
Wholesale trade
Department stores (359 stores)
PRICES (recomputed to 1919 base) :
Producers', farm products
Wholesale, all commodities.Retail food
Cost of living (including food)

,

.

113
118

;

O Q
£j, O

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

COURSE OF BUSINESS IN 1925
GENERAL CONDITIONS
December brought to a close a most active business
year. Manufacturing production in 1925 was the
largest recorded, with a gain of over 11 per cent above
the 1924 average. Raw material supplies were produced or marketed in slightly less quantities than
in 1925, in spite of increases in mineral production
and in the output of forest products. Building construction awards were about 27 per cent greater than
in 1924, and railroad traffic, as shown by car loadings,
increased 5 per cent over the 1924 average.
The increased industrial activity in 1925 was accompanied by larger average stocks carried, while
average unfilled orders also increased, but the factory
employment index averaged the same as in 1924. Individual production figures showed gains in such important items as meltings of sugar, production of beef
and lamb, consumption of cotton and silk, production
79396°—26
2




of steel ingots, pig iron, coffee, zinc, bituminous coal,
lumber and automobiles, and the consumption of tin,
new high records being made by steel ingots, automobiles, and silk, while pig iron, zinc, and copper outputs
were only exceeded in the war period. Important
declines from 1924 occurred in wool consumption,
wheat flour production, shipments of railroad locomotives and output of anthracite coal. As a result of
the large building program, sales of structural steel in
1925 were the highest on record, but sales of steel
castings declined.
Trade at wholesale and in all classes of retail establishments increased over 1924. Check payments registered an advance over the previous year amounting
to about 15 per cent while life-insurance sales were
the largest on record. Prices in general averaged
higher than in 1924 in all positions.

10
Demands for credit at the Federal reserve member I higher than in the preceding year, as did prices of
banks were larger than in any of the four preceding stocks, both industrial and railroad. Business failyears with the average amount of loans and discounts ures, although larger in number of firms than in any
about 10 per cent higher than in 1924. Interest rates, year since 1922, were smaller in the amount of deboth on commercial paper and call loans, averaged faulted liabilities than in any year since 1920.

SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

December raw material output declined slightly
from November and was almost as high as a year ago.
For the year as a whole it was 115 per cent of the 1919
average, compared with 118 in 1924. Minerals and
forest products showed larger output than in 1924
while the marketing of crops and animal products
declined.
Mineral output for December was less than in either
the previous month or a year ago, although compared
with December, 1924, the only declines occurred in
anthracite coal and silver. Marketings of animal
products were seasonally greater than in November
but declined from a year ago with only eggs arid milk
increasing. Crop marketings declined seasonally from

November and increased over a year ago, due mainly
to gains in the miscellaneous group. Forest products
made a slight decline from November but increased
over a year ago, with gum receipts alone showing a
decline.
Manufacturing production in 1925, at 126 per cent
of the 1919 average, was higher than the previous
high record of 1923, the December figure being 9 per
cent higher than a year ago, but slightty lower than in
November. Increases over November were made in
7 groups and declines in only 4, but the decreases in
stone and da}7 products, tobacco and miscellaneous
(including automobiles) were fairly large. Compared
with a year ago, December output was larger in all
groups except stone and clay products, with the miscellaneous group making a gain of 25 per cent.

RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1920 monthly average= 100. This chart shows stocks of manufactured commodities only, while adjustment has been made for both stocks and production for their respective seasonal movements. Unfilled orders are principally those for iron, steel, arid building materials. December, 1925, is latest month plotted!

40

COMMODITY STOCKS

SALES

Stocks of commodities when adjusted for seasonal
variation increased during December except for manufactured articles other than foodstuffs. Compared
with a year ago, stocks of manufactured foodstuffs
alone declined. Average holdings for the year 1925
were slightly higher than in 1924.

Unfilled orders of iron and steel and building materials again increased during December, both groups
showing considerable increases. The index was also
slightly higher than at the end of December, 1924,
both groups making gains of the same relative importance. For the year 1925, unfilled orders averaged
slightly higher than in 1924.




11
The index of wholesale trade showed the usual
seasonal decline in December and was the same as a
year ago, with increases over December, 1924, in
hardware, drugs and meats and declines in shoes,
groceries and dry goods. The yearly average showed
an increase over the 1924 average.
Mail-order, chain and department stores all made
considerable increases in sales in 1925 from 1924, the
Christinas trade being ahead of a year ago in all cases
except candy stores. Stocks held by department
stores 011 December 31 were slightly higher than a
year ago.

Building materials alone advanced over November
in the wholesale price groups, while increases over
December, 1924, comprised only the fuel and lighting,
building materials and miscellaneous groups. The
Federal Reserve Board's regrouping of the wholesale
price index shows declines from November in all
groups except agricultural and forest products, while
from a year ago producers' goods increased and consumer's goods and raw products declined, the latter due
to the 12 per cent recession in agricultural products
which neutralized gains in the other raw material
groups.

COMPARISON OF PRICES FOR RAW MATERIALS, PRODUCERS' GOODS, AND CONSUMERS' GOODS
[1913 average prices taken as 100. December, 1925, is latest month plotted]
260

240

PRICES

All price levels—producers, wholesale and retail—
rose in 1925 over 1924, although in each instance the
December figures declined from November. All but
the wholesale prices were, however, higher than in
December, 1924.
Farm prices rose over November in the grain and
dairy and poultry groups and declined in the cotton
and unclassified groups. Compared with December,
1924, advances occurred in fruits and vegetables,
meat animals and dairy and poultry, the first named
rising 76 per cent, while the grain, cotton and unclassified groups declined.



The cost-of-living index showed increases over
November in clothing and sundries but declines in
the other groups, while compared with a year ago
retail food prices increased 9 per cent, and clothing
and sundries made smaller gains, while shelter and
fuel and light declined.
EMPLOYMENT

The index of factory employment stood the same
for 1925 as 1924. December also showed no change
from November, with gains in the iron and steel, paper
and printing, nonferrous metals and miscellaneous
groups. Compared with a year ago, employment was

12

EMPLOYMENT IN MANUFACTURING INDUSTRIES BY MAJOR GROUPS
[Drawn from data compiled by U. S. Department of Labor, and representing weighted indexes based upon number of wage earners in the respective industries in 1919.
Average monthly employment 1923= ICO. December, 1925, is latest month plotted]




STAMPED AND ENAMELED WARE OTHER THAN IRON
AMD STEEL

13
considerably higher, with declines noted only in food
products, lumber, leather and tobacco products.
Factory pay rolls showed a slight increase over
November and a larger increase over a year ago.
The gains over November were in the same groups as
registered gains in employment. Similarly, the de-

clines from a year ago took place in the same groups
as showed fewer employees on the roll, except thafc the
lumber group showed larger pay-roll payments, while
the textile group, which made a gain in employment
over December, 1924, showed no change in the payroll index.

REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

Keceipts of wool at Boston in December were considerably smaller than a year ago, due to smaller
receipts of domestic wools. Total receipts in 1925
were 2 per cent lighter than in 1924, despite an increase
in foreign wools of more than 50 per cent. Imports
of wool were likewise smaller than in December, 1924,
but for the year 1925, this movement was almost SO
per cent larger than in the preceding year.
Consumption of wool at textile mills was larger than
in November but smaller than a year ago, with the
year 1925 as a whole showing relatively little change
from 1924. Wool machinery was, on the whole, less
active than in November. Prices of raw wool showed
relatively little change, both from November to December, and from 1924 to 1925. Although prices for
worsted yarns declined throughout 1925, the average
for the year was somewhat higher than for 1924.
Ginnings of cotton at the end of December were 16
per cent higher than a year earlier, while the receipts
of cotton into sight during 1925 averaged 20 per cent
greater than in 1924. Consumption of cotton by textile mills was 6 per cent greater in December than in
the preceding month, while for the year 1925, the total
consumption was 16 per cent greater than in 1924,
each month of 1925 being greater than the corresponding month of 1924.

greater than at the end of the preceding year. Exports
of cotton from the United States during 1925 were
more than 26 per cent greater than in 1924. Wholesale prices of cotton during December averaged lower
than in the previous month or a year ago. while for the
year as a whole prices were almost 10 per ceni lower.
CONSUMPTION OF COTTON, WOOL, AND SILK
[December, 1925, is latest month plottedl

RAW COTTON CONSUMPTION AND EXPORTS
[December, 1925, is latest month plottedl

1925

Stocks of cotton at the end of 1925 were 23 per cent
greater than at the end of 1924 with the greatest percentage increase occurring in mill holdings. The world
visible supply at the end of the year was 21 per cent



More cotton spindles were active in December than
during the preceding month or a year ago, while the
December activity recorded the largest number of
spindle hours active since April. Billings of finished
cotton goods were likewise greater than in November
but smaller than in December of last year. For 1925,
however, total billings of cotton finishers were greater
than in 1924 with shipments and new orders showing
similar comparisons. Stocks of finished goods held
by finishers at the end of the year were heavier than at
any period since the middle of 1924, but for the year
the}r averaged considerably lower than 1924. Exports
of cotton cloth were larger in December than.in either

the previous month or December, 1924; while during
1925 cotton cloth exports recorded an increase of 14
per cent over the previous year.
Imports of raw silk were larger in December than
any month of the past three years with the exception
of September, 1925, and during the year recorded an
advance of almost 30 per cent over 1924. Deliveries
of silk to consuming establishments in December were
larger than in either the previous month or December,
1924, while for the year as a whole deliveries were
more than 30 per cent heavier than in 1924. Stocks
of raw silk held at warehouses, although exhibiting a
tendency to increase, were almost 20 per cent smaller
in December than the holdings of a year previous.
The wholesale price of silk advanced during December and averaged almost 10 per cent higher than a year
ago.
Imports of burlap were larger than in either the
preceding month or December, 1924, with an advance
noted in the annual total as compared with 1924.
Imports of unmanufactured fibers, although smaller

than in December a year ago, were larger than in the
preceding month r and for the year 1925 recorded an
advance of almost 5 per cent over the previous year.
IRON AND STEEL

Shipments of iron ore from the mines during 1925
were much larger than in 1924, and receipts at lake
ports increased correspondingly, the stocks at the end
of the year being only slightly larger than at the end
of 1924.
Pig-iron production was more than 15 per cent
above the 1924 total, and showed an upward movement throughout the latter part of 1925, with December output considerably higher than a year ago. A
smaller proportion of the total output, came from merchant furnaces in 1925. Capacity of blast furnaces
in operation at the end of December was larger than
a year ago, exceeding any month since March, 1925.
Pig-iron prices, after declining during the middle
of the year, advanced during the last few months, but
averaged less than in 1924.

PRODUCTION OF PIG IRON AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS
[December, 192o, is latest month plotted]
14,000

,600

Steel-ingot output in 1925 was the largest on record,
consistent gains being recorded each month during
the latter half of the year. Bookings of steel castings
also increased each month during the last half of 1925,
but the total for the year was less than in 1924, owing
to declines in railroad buying. Unfilled steel orders
averaged higher than in 1924 and on December 31
were higher than at any time since February, 1925.
Steel earnings as reflected by the United States Steel
Corporation were higher than in 1924, increases being
made in the last eight months but declines from a year
ago in the first four months of the year. Production of
sheets increased to 93 per cent of capacity for 1925 as
against 74 per cent for 19247 while unfilled orders at
the end of the year were the largest since 1920. Total
stocks at the end of December were also high but
unsold stocks were less than a year ago. Steel prices,
in spite of an upward movement during the past few
months were less than a year ago. both in December
and for the year as a whole.




Bookings and shipments of fabricated structural
steel both increased over 1924, though November and
December bookings declined from a year ago. Similarly, fabricated steel plate bookings increased slightly
over the 1924 total, but declined from November and
December of that year owing to the smaller bookings
of oil storage tanks. Iron and steel exports were less
than in 1924 although December figures increased
over a year ago, while imports were almost twice as
large as in the previous year.
Sales of stokers were larger than in 1924, and farm
implement sales in the Northwest showed a gain of
40 per cent over the previous year.
NONFERROUS METALS

Copper production at mines, smelters and refineries
was larger in 1925 than in any year since 1918. Shipments of refined copper to domestic consumers also
mode a record, increasing almost 10 per cent over
1924. Copper exports were slightly less than in 1924,

15
owing to declines in the last 5 months of the year.
Stocks of blister copper in North and South America on
December 31 were slightly larger than a year previous
but refined stocks were only about half as large. In
spite of a decline in December, copper prices averaged
one cent a pound higher than in 1924.
Activity in metal plumbing goods was generally
larger than in 1924, as shown by shipments and new
orders of all classes of enameled sanitary ware except
the miscellaneous group, and by sales of tubular
plumbing and shipments of brass faucets. Orders for
brass faucets, however, declined. Unfilled orders for
enameled sanitary ware were less on December 31
than a year ago, while stocks were higher except for
the miscellaneous group. Prices of plumbing fixtures
generally declined throughout the year and averaged
5 per cent less than in 1924. The wet process vitreous
enameling industry operated at 73 per cent of capacity
in December as against 86 per cent in November and
84 per cent in October.
TIN:

prices increased considerably during the latter part
of the year, the yearly average exceeding previous
years since 1920.
Lead production was also on a higher level during
the last three months of 1925, averaging almost 10
per cent above 1924 for the complete }rear. Ore shipments from the Joplin district also increased while
stocks were higher than a year ago. The price of lead
was about the same in December as a year ago, but
made a new high average for the entire year.
COPPER PRODUCTION AND EXPORTS
[December, 1925, is latest month plotted]

IMPORTS, VISIBLE SUPPLY, AND DELIVERIES TO MLLIS
[December, 1925, is latest month plotted!

40,000

FUELS

While anthracite coal production was virtually
shut down during the latter part of 1925, bituminous
output was steadily increasing from May through
December, the latter month showing the highest
monthly production since 1919. The yearly total,
PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL
[December, 1925, is latest month plotted]

Tin deliveries from warehouses in 1925 were the
largest recorded, December figures being 50 per cent
larger than a year ago, while stocks both in December
and for the yearly average declined from 1924 both
in the United States and the world. Imports of tin
also exceeded previous high levels while the price increased considerably in the latter part of the year and
averaged higher for the year than at any time since
1919.
Zinc production increased steadily during the latter
part of 1925 and averaged 10 per cent above 1924.
More retorts were in operation on December 31 than
at any time since 1920 while stocks were reduced
over 50 per cent during the year, averaging for 1925
less than at any time since 1915. Similarly, ore
stocks in the Joplin district also declined. Zinc



however, although above 1924, was lower than in
1923, while anthracite output was the lowest since
1922. Exports of bituminous coal were about the
same as in 1924, larger shipments being made in the
last half of the year, while anthracite exports were 20
per cent less than in 1924, owing to declines in the last
three months. Prices of both bituminous and anthracite turned upward in the latter part of the year, but
the yearly average for bituminous was about the
same as in 1924.

16
Coke production increased month by month in the
latter part of 1925, in both beehive and by-product
ovens, the output by the latter method making a
new high record in December and also for the year.
Exports of coke rose considerably in December, but
the yearly total was below 1923, although 45 per cent
higher than in 1924. After a sharp rise in October,
the price of coke declined in December and for the
year averaged only 13 per cent above 1924.
PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE
[December, 1925, is latest month plotted]

throughout the period. Imports of petroleum were
less than in 1924, while the price of crude was higher,
in spite of a seasonal decline in the latter part of the
year. Stocks in Mexico were gradually reduced.
The output of all refined oils except kerosene increased considerably over 1924 to new high records.
Exports of gasoline increased over 1924 and made a
new high mark in December. Stocks of gasoline and
kerosene increased in the early part of the year and
thereafter declined, while gas and fuel oil and lubricating oil increased their stocks toward the end of the
year. Prices of refined products, except gasoline,
increased at the end of the year, but only gasoline and
gas and fuel oil averaged higher than 1924 for the
year.
AUTOMOBILES

Petroleum output exceeded the 1924 figures throughout almost the entire year, but stocks declined gradually

Although automobile output made successive large
declines in November and December from the October
high record, the December total was over 100,000
cars above a year ago and the year 1925 made a new
high record in production of both passenger cars and
trucks. Exports of automobiles increased during the
last two months of the year and for the year were 70
per cent larger than in 1924, the previous record. Exports from Canada also rose to new high levels.
Assemblies of American cars in foreign countries
were larger than in either of the two previous years
when such records were kept while exports of accessories and parts in 1925 were only exceeded by the
year 1920, when prices were much higher.

COMPARISON OF AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS
[December, 1925, is latest month plotted]

550

TTT

1 M ' 1926-CUMULATiVES '-1925
6,000




T

550
500 5
O

BUILDING CONTRACTS AWARDED*
( 2 7 STATES)

450 g
400

r~
m
-o

O
350 g
O
I 2 3 4 5 6 7 8 9 10 I! YR.

300 O

I
250 z
O

1924-CUMULATSVES - | 924

200 gj
,50

TOTAL AUTOMOBILE
PRODUCTION

50
2

1922

3 4 5 6 7 8 9 10 if YR.
I I I I | I I I I I I I I I I

1923

1924

1925

§

I
O

17
HIDES AND LEATHER

NEWSPRINT PAPER PRODUCTION AND MILL STOCKS

With the decline in imports of hides during the latter
part of the year, 1925 imports were only slightly above
those for 1924, with goatskins and sheepskins alone
making increases. Stocks of hides were higher than
at the corresponding dates of 1924 beginning with
April. Prices of hides averaged higher than in 1924,
although December quotations were lower than a year

[December, 1925, is latest month plotted]

Sole leather output was slightly higher than in 1924,
with little change shown in upper leather. Exports,
on the other hand, showed a decline for sole leather
from 1924 and an increase in upper leather. Leather
prices were slightly lower in December than a year
ago, the yearly average, however, being higher in 1925.
Both production and exports of boots and shoes
increased slightly over 1924 and. prices averaged somewhat higher. Belting sales were also higher than in
1924, and more gloves were cut, especially from
imported leather.
RUBBER

Imports of rubber were 20 per cent larger than in
1924, the December figures making a high mark.
World shipments increased steadily throughout the
year, while stocks in England declined rapidly until
in July they were 90 p'er cent less than a year before.
Consumption of rubber, based on three quarters of the
year, increased over 1924, although the third quarter
declined from the second, and more rubber was
reclaimed.
Tire production increased to new records for the
year, except for solid tires, while stocks showed a
declining tendency after the spring.
PAPER

Paper production for most grades was larger in 1925
than in any postwar year. Except for wrapping and
fine paper, stocks on hand were less at the end of
of December than a year ago. Imports of newsprint
paper were larger than in previous years though the
December total was lower than a year ago. Newsprint
prices were slightly lower than in 1924. Publication
of books and shipments of sales books by manufacturers both were larger than in previous postwar
years. Printing activity showed little change from
the 1924 average.
Mechanical wood-pulp output was less than in 1924,
but chemical was greater. Stocks of mechanical
pulp increased considerably during the first half of the
year but thereafter declined, though higher than at the
corresponding month of 1924. Chemical pulp stocks,
however, remained steadily below the corresponding
1924 dates. The price of sulphite pulp averaged
higher for the year, with a considerable advance in
December.



BUILDING CONSTRUCTION AND HOUSING

Building costs averaged lower in 1925 than in
cither of the two previous years, due to a recession
in the spring and stable costs thereafter. Building
construction was far above the previous high mark of
1924 in both volume and value, all classes increasing
over 1924 but industrial construction falling below
1922 and 1923 and educational below 1922 as far as
floor space is concerned. Construction as a whole
maintained a high level in the latter part of the year
when contracts usually decline rapidly in a seasonal
movement.
LUMBER

The principal species of lumber showed larger output in 1925 than in previous postwar years, although
redwood declined from 1924. December totals of all
species except redw^ood were well above the December,
1924, production figures. Shipments of all classes of
lumber on which figures have been received were
higher than in 1924, both for December and the entire
year. Stocks on hand were generally above those
held a year ago. Exports of lumber were practically
the same as in 1924 owing to large December shipments. Prices were generally slightly less than in
1924, both for hardwoods and softwoods, though
Southern pine flooring rose steadily in the last few
months.
Production, orders and shipments of both maple and
oak flooring were higher in 1925 than in 1924, the
oak flooring figures being the highest recorded, but
the December figures for maple flooring were lower
than a year ago. Stocks of both kinds of flooring
were higher than a year ago at the end of December
and for the year's average, while unfilled orders increased over a year ago for oak but declined for maple.
More piano benches and stools were shipped in
1925 than in 1924, but unfilled orders at the end of the
vear were less.

18
STONE, CLAY, AND GLASS PRODUCTS

Shipments of common brick were larger than in
1924, due to large gains in the latter part of the year,
while unfilled orders showed less than the usual
seasonal decline in the fall and averaged higher on
December 31 than a year ago. Average stocks were
higher than in 1924 but at the end of the year stocks
were less than in December, 1924. The price of
common brick averaged less than in 1924, although
higher in December than a year ago.
Face-brick output and shipments were larger than
in 1924, and stocks and unfilled orders averaged higher,
both for December 31 and for the year as a whole.
Architectural terra cotta bookings increased over
1924, the December figures being half again as large
as a year ago in tonnage.

1925. Production, stocks, and apparent consumption
of acid phosphate all increased in December over
both November and a year ago. Fertilizer exports
for 1925 were slightly larger than in 1924, December
shipments being the largest since May, 1924. Imports
of potash and of nitrate of soda were both slightly
above the 1924 imports, though less in the December
comparisons.
IMPORTS OF POTASH AND NITRATE OF SODA
[December, 1925, is latest month plotted!

CEMENT: PRODUCTION, SHIPMENTS, AND STOCKS
[December, 1925, is latest rnoritb plotted;

Paving brick output was larger than in 1924,
although less than a year ago in the last few months
of the year. New orders and shipments were slightly
higher than in 1924. Stocks averaged higher arid unfilled orders less, but on December 31 unfilled orders
were slightly higher than a year ago.
Cement output and shipments again increased to
new high levels and larger stocks were maintained
throughout the year. Prices were about the same as
in 1924. More concrete pavements were contracted
for in 1925 than in previous years, although December
lettings were less than a year ago. Federal-aid highways under construction averaged less than in 1924.
Production and shipments of illuminating glassware
were higher than in 1924, both for Dec ember and the
year as a whole, while net orders also increased for the
year but declined in December from a year ago.
Plate glass output increased to a new high level in
1925, with a seasonal recession at the end of the
year.
CHEMICALS AND OILS

Exports of sulphuric acid declined from 1924, particularly in the latter part of the year. Trie price
remained constant for the greater pail of 1924 and



Production of explosives increased slightly over 1924
for the year's average and for December, while shipments made a slight decline in both comparisons. In
spite of declines in the latter part of the year, sales
averaged the same as in 1924, while 1925 stocks
averaged higher than in 1924 but were lower in the
last three months of the year.
Turpentine and rosin receipts at Southern ports
declined slightly from 1924 and were also less in December. Stocks 011 December 31 were less than a year
ago, though turpentine stocks averaged higher than in
1924 for the year as a whole.
Acetate of lime output and shipments increased
over 1924, while stocks on hand were reduced considerably. Exports were slightly less than in 1924 and
the price also averaged less, though advances occurred
in November and December. Crude methanol output and shipments were slightly higher than in 1924, but
much higher in December than a year ago. Stocks
were reduced and exports also declined, though
December shipments were the highest since August,
1921. The price of crude methanol averaged less than
in 1924. Wood was consumed in carbonizing at a higher
rate than in 1924, but stocks of wood were reduced.
Outside of considerable advances in essential oils
and in oils and fats, most groups of oils and chemicals
averaged about the same in price as in 1924, and in
December the principal changes from a year ago were an
advance in essential oils and a decline in crude drugs.

19
Imports of vegetable oils declined from 1924, though,
gains were made in the last three months of the year.
Exports of vegetable oils increased. Cottonseed oil
production and stocks, as well as stocks of cottonseed,
increased over 1924, both for December and for the
calendar year. There was little change in the price
of cottonseed oil. Oleomargarine consumption was
less than in 1924 in the earty part of the year but increased in the last half.
Flaxseed receipts and shipments were less than a
year ago both for December and the entire year, while
stocks were higher. Linseed oil and oil-cake were
shipped in much greater quantities than in 1924 from
Minneapolis.
CEREALS

The visible supply of wheat in both the United States
and Canada averaged less than in 1924, but a larger
supply was held in Canada in the last four months of
the year with the advent of its large crop. With the
smaller wheat crop in the United States in 1925, receipts and shipments were less than a year ago and
exports also declined. Canadian exports also averaged
less than in 1924 though increasing in the latter part
of the year. Wheat prices averaged higher than in
any year since 1920.
Flour production, shipments, and stocks all averaged
less than in 1924 owing to declines in the latter part of
the year. Exports of wheat flour were less than in any
year since the beginning of the war, while prices were
higher than in any year since 1920. Canadian exports also declined from 1924, though increasing at the
end of the year.
The large corn supplies held in the early part of 1925
brought the yearly average above 1924, though decreases occurred in the fall months. Receipts and
shipments of corn averaged less than in 1924, though,
with the advent of the new large crop in November,
increases began over a year ago. Exports of corn
rose steadily during the latter part of the year, but
were insufficient to offset the decline of the earlier
months in the yearly average. Corn prices for the
year averaged higher than at any time since 1920 in
spite of the decline in the last few months.
Barley receipts and exports were both larger than
in any year since 1919, but were less than a year ago
in the last few months of 1925. The price of barley
was higher than in 1924, though lower at the end of
the year.
Rye receipts and exports both declined from 1924,
while the price of rye was higher.
Receipts of oats were less than in 1924 but exports
were much greater. The price of oats was lower than
a year ago.
Rice receipts and shipments were less than in 1924,
and stocks also averaged less. Imports increased over
a year ago and were larger than exports for the first time
since 1918, exports being the smallest since 1914.



In spite of increases in November and December,
hay receipts were less than in 1924. Car-lot shipments
of onions, potatoes and citrus fruit were all smaller
than a year ago. both for December and the year.
Apple shipments increased over both periods and
storage holdings increased over December 31, 1924,
though averaging less for the year.
MEATS AND DAIRY PRODUCTS

The movement and slaughter of cattle and calves
was heavier in 1925 than in the previous year, each
month with few exceptions showing increases over the
corresponding months of 1924. Prices of cattle and
calves exhibited weakening tendencies toward the
close of the year, but for 1925 averaged more than 10
per ceDt higher than in the preceding year.
The movement and slaughter of hogs was smaller
in 1925 than in the preceding year, almost every month
recording declines from the previous year. Prices of
hogs exhibited an increase of more than 40 per cent
in 1925 as compared with the preceding year.
PRODUCTION, EXPORTS, AND STORAGE HOLDINGS OF PORK
AND PORK PRODUCTS
[December, 1925, is latest month plotted]

The movement and slaughter of sheep and lambs
in 1925 showed little change from 1924, while prices
continued to advance toward the end of the year,
making the yearly averages more than 5 per cent
higher than in 1924.
Production of beef in 1925 was larger than in the
previous year, practically each month showing increases over the corresponding month of the previous
year. Storage holdings of beef at the end of the year
were 40 per cent smaller than at the end of 1924, while
the wholesale prices of steer rounds for the year averaged higher than in 1924.
Production of pork products was almost 15 per cent
smaller in 1925 than in the preceding year. Storage
holdings of pork products on December 31 were considerably smaller than a year earlier, while prices of
smoked hams were higher, the average quotations for
the year being more than 30 per cent ahead of 1924.
Production of lamb was greater than in 1924, while
storage holdings at the end of the year were about
35 per cent smaller than at the end of 1924.

20
Receipts of poultry at the five principal markets
were smaller in 1925 than in the previous year and
storage holdings at the end of the year were about 15
per cent smaller than at the end of 1924. The total
catch of fish during 1925 was more than 15 per cent
heavier than in 1924, but storage holdings on December 15 were about 15 per cent smaller than a year
earlier.
Receipts of butter at the five principal markets
were lighter than in 1924, despite heavier receipts
during the last quarter of the year. Storage holdings
of creamery butter at the end of the year were about
20 per cent lighter than at the end of 1924. Average
prices for creamery butter exhibited weakening tendencies in the last two months, but for 1925 as a whole
average quotations were 10 percent higher than in 1924.
Receipts of cheese at the primary markets were
larger in 1925 than in 1924, due primarily to larger
receipts during the last half of the year. Storage holdings of American cheese at the end of 1925 were more
than 15 per cent larger than at the end of the preceding
year, while for the last three months of the year a
declining price tendency was reported.
Egg receipts in. 1925 were practically on the same
level as the preceding year, while cold-storage holdings
of case eggs at the end of the year were more than 50
per cent heavier than at the end of 1924.

Receipts of coffee in Brazil were smaller than in 1924,
while the visible supply at the end of the year was
smaller than a year ago. Imports of coffee into the
United States were smaller than in the previous year,
while the visible supply in the United States on December 31 was more than 30 per cent larger than at the
end of 1924. Imports of tea were almost 10 per cent
larger in 1925 than in the preceding year.
TOBACCO

The tobacco crop, according to the final estimate,
was about 7 per cent larger than in 1924. Sales of
unmanufactured tobacco at loose-leaf warehouses in
1925 were about 30 per cent larger than in the preceding year, the greatest increases occurring during
the last half of the year. Exports of leaf tobacco
were smaller than in 1924, while tobacco stocks at
the end of the year were about 6 per cent greater
RELATIVE CONSUMPTION OF CIGARS AND CIGARETTES
[1913 monthly average=100. December, 1925, is latest month plotted]

SUGAR, COFFEE, AND TEA

Imports of raw sugar were about 8 per cent heavier
than in 1924, while the receipts of the domestic crop
were more than 25 per cent smaller. Meltings of sugar
were about 12 per cent larger than in 1924, increases
occurring in practically every month over the corresponding period of 1924. Stocks of raw sugar held at
RAW SUGAR: IMPORTS, MELTINGS, AND REFINERY STOCKS
[December, 1925, is latest month plotted!

than at the end of 1924. Consumption of manufactured tobacco and snuff v/as slightly smaller than in
the preceding year, increases in the last quarter being
insufficient to offset declines in the preceding nine
months. Consumption of cigars, as seen from taxpaid withdrawals, was about 2 per cent smaller than
in the preceding year while the consumption of cigarettes increased more than 10 per cent. Cigarette
exports, however, were more than 20 per cent smaller
than in 1924.
WATER TRANSPORTATION

1925

I

refineries at the end of the year were almost three
times as large as a year earlier. Exports of refined
sugar during the year were about 75 per cent larger
than in 1924, with the greatest increases noted in the
last quarter. Wholesale prices of raw and granulated sugar continued to average higher during the
last few months of the year, but in 1925 on the whole
were 25 per cent less than in 1924.



Traffic through the Sault Ste. Marie canals was
mure than 10 per cent heavier in 1925 than in the
previous year, almost every month showing increases
over the corresponding month of 1924. River traffic
on the Ohio and Mississippi was likewise heavier than
in 1924. The tonnage of vessels clearing American
ports for foreign trade was also larger in 1925, the
increase in the tonnages of foreign bottoms more than
offsetting the decline in the tonnage of American vessels. Ship construction in 1925 was on a slightly larger
scale than in the preceding year while ocean freight
rates showed relatively little change.

21
RAILROADS

The number of cars loaded with freight during 1925
was more than 5 per cent larger than during the preceding year, practically each month of the year showing
an increase over the same month of 1924. Despite
the large carloadings there was a larger available surplus of freight cars at the end of December than at the
end of the same month of the year previous, while for
1925 as a whole, car surplusages averaged about 5 per
cent greater than in the preceding year. Freight cars
in bad order at the end of the year were smaller in
number than at any time during the past two years,
being equivalent to about 7 per cent of the total
number of cars in use. Only about half as many
freight cars were ordered from manufacturers in 1925
than in the preceding year, but the last two months
of the year recorded larger orders than in the corresponding period of 1924.

consistently during 1925 and for the year as a whole
averaged about 17 per cent to the total number in
use. New orders for locomotives during the last
quarter of the year were heavier than in the corresponding period of 1924, but, on the whole, orders in
1925 were about 30 per cent smaller than in 1924.
Unfilled orders for locomotives at the end of the year
were about 80 per cent larger than at the end of 1924.
SALES BY MAIL-ORDER HOUSES AND TEN-CENT CHAIN STORES
[December, 1925, is latest month plotted]

70 r

SHORTAGE, SURPLUS, AND BAD-ORDER FREIGHT CARS
fDecember, 1925, is latest month plotted]

DISTRIBUTION MOVEMENT

The total number of locomotives on railroad
lines averaged smaller in 1925 than in the preceding
year while the tractive power averaged higher, this
condition being due to replacements of larger units.
The number of bad-order locomotives declined almost




Sales by mail-order houses in December were larger
in volume than in either the previous month or December, 1924. For the year as a whole, the volume of
business by the two leading houses was about 16 per
cent greater than in 1924. Sales by ten-cent chain
stores were seasonally larger than in November and
more than 15 per cent greater than in December, 1924.
As in the case of mail-order houses, ten-cent chain
stores recorded a substantial increase in the volume
of business in 1925 over the preceding year. In the
case of ten-cent stores, there was an increase of about
4 per cent in the number of unit stores operated during
the year, comparing with an increase of upwards of
13 per cent in the aggregate volume of sales.

LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS
[December, 1925, is latest month plotted]

22
demand deposits were also larger. Interest rates
exhibited an increasing tendency throughout the year
and at the end of 1925 were one-fourth and three-fifths
higher than at the end of 1924 for commercial paper
and call loans, respectively. Savings deposits continued to mount and at the end of the year were 7 per
cent larger than a year earlier.

Sales by grocery chains, drug chains, cigar, shoe,
music, and candy chains also showed larger volume
than in 1924, the principal increases occurring in the
sales by grocery and music chains. Department
store trade also recorded an increase over the preceding year with advances in all districts. Stocks of
merchandise held by department stores averaged
slightly higher in 1925 than in the previous year but
stores in the Boston, Atlanta, and San Francisco
districts had lower average stocks.
Wholesale trade was larger in volume than in the
preceding year, increases occurring in all lines for
which comparable data are available, except groceries.

BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL
RESERVE BANKS
[December, 1925, is latest month plotted]
3,000

,

LIFE INSURANCE

New business of life insurance companies in December was the largest on record since monthly figures
became available in 1921. For the year 1925, all
types—ordinary, industrial, and group—showed substantial increases over 1924, with group reporting an
advance of about 70 per cent over the preceding year.
Since 1913, group insurance business has increased
almost 50 fold.
Sales of ordinary insurance showed the greatest
percentage increase over 1924 in the western agricultural section where the advance was about 18 per cent.
The Southern States came second with about 16 per
cent, followed by eastern manufacturing, the western
manufacturing and the far western districts. Admitted assets of life insurance companies continued
to mount and at the end of 1925 were 10 per cent
larger than at the end of the preceding year. Real
estate investments of life insurance companies, with
an increase of about 14 per cent, contributed the
greatest single amount.
BANKING

1920

|
|
!
|
I

|

I
I
I
|
I
I

j

1821

1922

!

1923

I

!924

j

1925

Prices of stocks continued in December the upward
tendency both as respects industrials and railroads.
Average quotations for the year for each class were
substantially ahead of the previous year. Prices of
bonds also averaged higher than in 1924, the principal increase being noted in prices of second grade rails.
The aggregate turnover of stock on the New York
Stock Exchange was smaller than in either of the two
preceding months, but for the year as a whole the
volume of sales was 62 per cent greater. Sales of
bonds, on the other hand, were smaller in 1925 than
in the preceding year. Dividend and interest payments scheduled for distribution during January were
more than 10 per cent larger than in January, 1925.
For the calendar year 1925 payments to investors were,
on the whole, 6 per cent greater than during 1924
with the total payments of dividends 5 per cent
greater.

Check payments, both in and out of New York
City, w^ere larger in December than in either the preceding month or a year ago. For the year 1925
payments by check in New York City were 19 per
cent larger in volume than in the preceding year as j LOANS AND DISCOUNTS AND TOTAL INVESTMENTS OF FEDERAL
RESERVE MEMBER BANKS
against an advance for the country outside of New !
York amounting to 12 per cent.
|
[December, 1925, is latest month plotted!
Bills discounted by Federal reserve banks continued
to increase and at the end of 1925 were much larger
than a year earlier. Federal reserve notes in circulation, although exhibiting an increasing tendency since
the middle of 1925, \vere smaller than at the end of
1924. Investments of Federal reserve banks at end
of the year were larger than a year "earlier while the
reserve ratio was lower than at any time since 1921.
Loans and discounts of Federal reserve member
banks continued to mount and at the end of 1925
showed accommodation 9 per cent greater than at the
end of 1924. Investments of member banks, and net



23
PUBLIC FINANCE

The gross debt of the Federal Government continued to decline and at the end of the year was over
4 per cent Jess than a year ago. Customs receipts in
December were greater than in December, 1924, and
the calendar year 1925 showed an increase over the
previous year of about 1 per cent. Money in circulation at the end of the year continued to increase but
on a per capita basis was smaller than at the end of
1924. Agricultural loans outstanding increased during December and at the end of that month were considerably higher than a year ago for all agencies
engaged in this operation except the War Finance
Corporation.
CORPORATE FINANCE

The capital of new~ corporations chartered in December was smaller than in the preceding month but almost 40 per cent larger than in December a year ago.




For the year 1925 new incorporations were 40 per cent
ahead of 1924. New corporate securities issued in
December were smaller than a year ago but for the
year 1925 the value of new corporate securities was
more than 10 per cent larger than in 1924.
Business failures in December were larger both in
liabilities and in number than in the preceding month,
but in both respects were smaller than in December
of 1924. For the year as a whole the liabilities of
failing firms were about 18 per cent smaller than in
1924 while the number of firms failing in 1925 was
about 3 per cent greater. Smaller liabilities were
shown in 1925 among manufacturers, trading establishments recording an advance in defaulted liabilities
as compared with the preceding year. Liabilities of
failing banks during the last quarter of the year were
larger than in any similar period since the first quarter
of 1924, while for the year as a whole, 1925 showed
smaller bank failures than either 1923 or 1924.

BUSINESS FAILURES, BY CLASSES OF ESTABLISHMENTS
[Data plotted are 12 months' moving monthly averages. December, 1925, is latest month plotted.]

BROKEN LINES DENOTE
MANUFACTURING ESTABLISHMENTS

24
GOLD AND SILVER

Receipts of gold at the mint, although smaller than
in November, were larger than in December, 1924, but
for the year 1925 a decline from the preceding year
was noted. Imports of gold were smaller than in
either the previous month or a year ago, while exports
showed similar comparisons. For the first time since
1919 the annual gold movement showed an excess of
exports over imports,
GOLD TRADE BALANCE, SHOWING EXCESS OF IMPORTS AND
EXPORTS
[December, 1925, is latest month plotted]

year ago, while imports, although smaller than a year
ago, were larger than in November. As in 1924, the
silver movement showed an excess of exports over
imports.
Of the exchanges on principal countries, the Japanese yen alone showed an increase in December over
the quotations in the preceding month, while declines
were noted in the rates on the French franc, the Canadian dollar, the Argentine peso, and the Brazilian
milreis. Imports of merchandise into the United
States were larger than in either the preceding month
or a year ago, while for the calendar year 1925, 17 per
cent more merchandise in value was imported than in
1924. Exports of merchandise from the United States
in December were larger than in the preceding month
or a year ago, while compared with 1924 the year's
movement was about 8 per cent larger.
IMPORTS AND EXPORTS OF MERCHANDISE
[December, 1925, is latest month plotted]

FOREIGN EXCHANGE AND TRADE

Silver production, although larger than in November, was smaller than in December; 1924, The year
1925 as a whole likewise recorded a decline from the
preceding year. The price of silver in New York in
December exhibited the same weakening tendency of
the preceding month, but the 1925 average was 3 per
cent higher than 1924. Exports of silver were smaller
in December than in either the u preceding month or a




25

INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production in various groups
of industry and commerce. Data for previous periods are given in the detailed table on page 26. The data
covering the other indexes usually found in this table are given in the detailed tables covering each particular
subject.

Minimum
since
Jan. 1,
1920

PRODUCTION

PER CENT INCREASE (+)
OR DECREASE ( — )

1935

1924
Maximum
since
Jan. 1,
1920

October Novem- j Decem- October
ber
ber

^®m"

"isr

December,
1925, from
November,
1925

December,
1925, from
December,
] 924

-1. 1

|
i

(Relative to 1919 monthly average as 100)
RAW MATERIALS

179

Grand total

179

73

156

Petroleum
ituminous coal
4nthra,cite coal.
Iron ore*
Copper
Lead
Zinc
Gold
Silver

145

141

-2. 8
— 1. 6
-1. 0
+ 3. 8
+ 100. 0
0. 0
+ 3. 0
-f-6. 3
+ 3. 0
— /. 7
+ 1. 0

l

MINERALS
Total

157

14S

146
216
137
121
148
188
138
131
145

62
105
41
0
0
17
74
38
57
80

i
i
!
i

135
190
125
105
71
137
168
112
129
119

179
108
92
26
135
165
112
108
119

124
180
119
101
0
134
163
123
92
120

132
204
137
I
89
140
188
124
130
98

124
195
131
2
54
133
174
134
104
104

122
193
136
4
0
137
185
138
96
105

135
69
115
131
83
39
313

138
93
102
177
71
43
390

115

,00

130

136
91
141
60
139
122
138

119
41
111
103
76
36
314
it*
JJ
'

123
31
100
117
71
53
345
54
136

-24. 4
-9. 9
+ 13. 6
-6. 6
+ 47. 2
+ 9. 9
-37. 9
+ 2. 2

— 10. 9
-66. 7
-2. 0
— 33. 9
0. 0
+ 23. 3
— 11. 5
-23. 9
+ 4. 6

+ 24 5
-28. 9
-52. 6
-13. 7
-2. 2

+ 3. 8
+ 3. 0
-6. 5
— 1. 2
+ 2.1
+ 27. 4.

— 1. 6
+72
+ 14. 3
— 96. 0
0. 0
+ 2. 2
+ 13. 5
+ 12. 2
+ 4. 3
-12. 5

ANIMAL PRODUCTS (marketings)

-he. 4

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

138
227
143
177
153
245
390
163
190

19
58 1
64
54
30
21
45
94

62
133
107
146
62
138
117
136

CEOFS (marketings)
Total
Grains *
Vegetables *
Fruits * _
Cotton products *
Miscellaneous crops *

246
242
254
405
310
170

49
43
58
50
19
19

246
242
228
357
278
120

195
166
141
184
271
120

158
133
92
84
234
106

196
106
234
274
310
114

174
110
121
175
277
138

164
137
86
83
239
135
118
116
120
151
109

— 2. 5

-3. 3
-3.2
+ 15. 3
+ 0.9

+ 9. 3
+ 11.5
+ 9. 0
-23. 0
+ 14. 7

105
110
134
142
86
119
186
113
167
104
119

-3. 9
0.0
+ 9.4
+ 4. 8
+ 2. 3
-1. 4
+ 11.7
+ 4. 4
+ 2. 8
15 0
+ 5. 0
-10. 3
-8. 5

+ 8. 8
+ 8.8
+ 1.0
+ 0. 9
+ 9. 8
+ 11. 8
+ 3. 6
+ 12. 3
+ 7.5
-2. 6
+ 12. 1
+ 4. 0
+ 25.3

oo

:

FOREST PRODUCTS

Total
Lumber
Pulpwood
Gum (rosin ann turpentine) *
Distilled wood

135
137
164
267
149

61 1
59
51
20
24

123
121
121
169
98

114
111
115
179
96

108
104
110
196
95

137
137
119
178
104

121
120
124
131
108

133
137
129
130
147
166
115
121
191
164
195
132
148

64
77
54
32
57
63
69
92
69
71
70
37

71 :

116

114
110
100
101
106
131
81
102
166
128
152
106
100

113
113
104
109
122
127
83
106
173
116
149
100
95

131
136
112
108
130
166
96
118
188
158
193
132
148

123
96
105
131
144
77
114
181
133
159
116
130

MANUFACTURING

Grand total (adjusted for working davs)
Grand total (unadjusted)
Foodstuffs
Textiles _
Iron and steel
Lumber
Leather
Paper and printing
Chemicals, oils, etc
Stone and clay products
Nonferrous metals
Tobacco
Miscellaneous

121
112
111
105
144
96
113
165
143
163
123
121

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




26

Table 1.—INDEXES OF PRODUCTION
[Index numbers for base year in boldfaced type
FEDERAL RESERVE BOARD
INDEXES

DEPARTMENT OF COMMERCE INDEXES
Raw materials 2

Manufacturing
(64 commodities)1
YEAR AND MONTH
Unadjusted

Minerals
(9 commodities)

Total

Adjusted

Relative
to 19091913 av.

Relative to 1919

1919
1920
1921
1922
1923
1924
1925

22 basic
commodities ^
(corrected for
seasonal
element)

Relative to 1919

100
98
79
101
119
113
125

_

_.

May. _
June
July
August

...

September
October
November
December

_

10O
111
91
95
131
123
127

100
94
112
113
102
118
111

100
95
98
106
117
117
113

100
102
86
110
121
119
126

100
91
105
110
108
117
111

100
117
92
95
132
122
127

100
102
80
104
124
115
129

100
105
80
98
120
108
116

118
118
113
109

129
155
140
129

153
167
149
135

130
145
131
125

144
184
158
133

108
122
123
129

124
132
120
106

128
158
144
130

126
143
130
123

118
129
119
109

114
118
116
110

118
117
124
118

113
122
124
118

109
101
94
87

140
134
132
117

130
124
122
108

93
87
71
54

119
105
107
118

111
114
117
129

105
96
88
77

138
130
128
110

123
124
128
123

121
121
117
114

112
100
101
109

108
104
101
109

94
89
97
121

139
138
142
142

12Q
117
121
122

60
56
73
129

124
117
117
108

132
120
111
124

87
100
120

114
110
113
116

113
98
97
105

104
94
95
94

114
116
114
112

152
179
156
143

117
156
134
135

128
135
120
124

193
246
195
158

110
112
125
138

119
123
114
108

152
193
160
143

124
134
122
130

113
124
113
117

103
109
108
117

117
124
129
130

120
95
97
86

145
124
129
130

133
113
118
117

119
81
75
49

113
102
112
115

116
111
125
130

118
88
86
72

Ml
119
123
118

127
120
134
132

127
124
120
119

128
127
129
121

128
127
129
121

91
93
97
114

153
152
160
165

131
131
136
142

55
55
69
106

114
120
111
107

133
134
126
132

79
83
88
104

125
125
129
136

129
125
126
121

111
110
113
109

122
136
123
123

1924
-

114
126
98
109
147
138
144

114
121
110
112

___

100
98
103
107
113
118
115

122
115
129
130

1933
September. .. October
November
December..

100
98
79
101
119
113
125

113
123
113
105

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

January
February
March
April.
.

Manu3
AgriculCrop Animal
ture 3 (40 Mining facturings
(8 comcommarket- products Forestry
modi- (48 comings (26 (9 com- (13 com- modimodities)
commodities)
modities)
modities)
ties)
ties)

122
131
128
123

150
157
145
111

145
154
141
131

125
132
124
120

191
196
174
164

105
115
119
123

131
137
120
120

152
166
149
148

121
130
125
129

126
141
129
129

111
116
115
121

i

87

1925

January
February
March
April
May
June...
July
August

_

September
October
November
December

_

1926

January
February
M^arch
April
May
June

i

|
i
jl

!

;

i

i

1
Weighted average of 64 c<
industry, based on value added
January, 1924, issue (No. 29) of
enabling comparison of productive activity to be made on a basis of 26 working days for each month. Details of the method employed appear in January, 1925, issue
(No.2 41), p. 28.
Weighted averages, compiled by the U. S. Department of Commerce, Bureau of the Census, representing 87 per cent of minerals, 94 per cent of crops, 99 per cent of
marketed livestock and its products, and 80 per cent of forest products: For details, see the following issues of SURVEY OF CURRENT BUSINESS: Minerals, May, 1922 (No. 9)
and September, 1922 (No. 13); crops, July, 1922 (No. 11); animal products, June, 1922 (No. 10); forestry, August, 1922 (No. 12); total, September, 1922 (No. 13). The indexes
relative to 1919 are weighted in accordance with production in that census year, while the mineral index relative to the five-year pre-war average is weighted by the
average value of mineral production in the years 1909 to 1913.
3
Weighted averages compiled by the Federal Reserve Board: For details see issues of the Federal Reserve Bulletin for March, 1922, and March, 1924.
4 Weighted averages compiled by the Federal .Reserve Board and corrected for seasonal variations: For details, see December, 1922, issue of the Federal Reserve Bulletin.




27

Table 2.—INDEXES OF COMMODITY STOCKS AND UNFILLED ORDERS
[Index numbers for base year in boldfaced type]
STOCKS i (held at end of month)
Unadjusted indexes

YEAR AND MONTH
Total 2

Raw
material
for
manufacture

Raw
foodstuffs

UNFILLED ORDERS 2

Adjusted for seasonal element

Manufactured
foodstuffs

Manufactured
commodities

Raw
foodstuffs

Total 2

Raw
material
for
manufaci ture

Manufactured
foodstuffs

Manufactured
commodities

Total

monthly average
100
monthly average
96
monthly average . . .
132
monthly average
126
monthly average. ..
119
monthly average . - .
134
monthly average
145

100

100

89
161
192
144
151
169

106
147
110
111
119
138

100
94
78
72
81
85
78

100

73

Building
materials

Relative to 1920

Relative to 1919
1919
1920
1921
1922
1923
1924
1925

Iron
and
steel

100

98
135
117
130
162
173

1
i

100

100

47
62
74
52
56

'

48
54
57
39
43

41
95
129
106
109

87
77
68
60

71
65
59
53

1923

154

May
June
Julv August

104
103
102
104

130
110
93
96

83
82
78
83

86
94
94

116
121
129
131

113
118
117
128

143
146
134
133

93
95
94
111

79
88
87
85

117
121
128
136

September
October
November
December

113
127
132
135

108
120
133
147

114
168
161
149

88
80
77
76

135
141
152
159

121
121
124
128

119
113
122
141

118
130
123
119

83
80
82
81

140
141
147
146

58
54
53
58

49
44
43
45

95
91
94
109

1934
January
February
March
April

132
140
145
135

148
182
209
174

130
116
103
97

76
77
75
73

157
161
164
165

134
135
136
136

157
166
171
161

125
117
110
109

74
75
79
86

161
161
161
163

63
63
61
54

47
47
46
40

130
129
124
112

128
124
121
120

148
128
112
114

90
84
82
83

74
87
100
102

168
169
164
159

140
133
129
133

174
151
145
156

105
98.
95
100

86
87
89
87

169
169
161
164

47
43
44
46

35
32
31
32

98
87
96
107

September
October
November
December

127
142
144
153

119
145
154
183

116
168
181
174

100
93
83
82

157
157
158
162

134
135
135
141

145
148
152
176

118
130
134
136

90
86
84
88

165
160
155
152

46
43
53
62

34
34
42
49

97
81
99
114

1925
January
February
Mi arch
April

162
164
160
144

216
230
236
195

156
137
120
105

85
83
73
69

172
178
176
176

155
151
150
141

186
181
193
172

149
139
130
120

87
86
80
74

178
177
173
174

62
63
58
54

50
50
46
42

115
115
105
104

135
136
126
125

170
164
122
118

94
91
87
93

64
76
91
91

177
179
175
173

145
143
134
143

190
182
149
158

108
104
104
124

73
76
83
78

177
178
173
185

53
51
51
52

39
37
36
36

107
106
113
121

140
143
146
159

133
120
134
181

159
201
202
210

87
77
73
71

171
172
172
171

149
132
134
145

160
113
128
171

161
151
150
165

79
73
74
75

181
176
170
160

52
53
58
64

38
43
47
51

109
94
101
191

May
June
July
_
August

Mi ay
June
July
August _

-

_-

September
October
November
December
1936
January
February
Mi arch
April

Miay
June

--

125
104
90

1

I

ii

1

1
Weighted index of stocks of commodities in hands of manufacturers or in other visible hands at the end of each month compiled by the U. S. Department of Commerce, Bureau of the Census, from data on 45 commodities. Details are given in the February, 1924, issue (No. 30) of the SURVEY OF CURRENT BUSINESS, while seasonal
eliminations are given in the April, 1924, issue (No. 32).
2 Weighted index of unfilled orders of manufacturers in the iron and steel and building industries at the end of each month compiled by U. S. Department of Commerce,
bureau of the Census: For details see May, 1923, issue (No. 21).




28

Table 3.—INDEXES OF WHOLESALE PRICES
[Base year in boldfaced type]
COMPILED BY U. ^DEPARTMENT OF LABOR 1
Farm
products
YEAR AND MONTH

Food,
etc.

Metals
Cloths
Fuel
and
and
and
cloth- lighting metal
proding
ucts

DUN'S 2 BRADAll
! (1st of STREET'S 2
(1st of
commonth)
month)
modities

Build- Chemi- Houseing
furnish- Misceling
mate- cals and
laneous
drugs
goods
rials

i
95
65
404
20
31
25
300
43
96
37
32
commod- commod- commod-l commod- commod- commod-i commod- commod- commod- commod- commod- commodities
ities 1 ities
ities
ities
ities
ities
ities
ities
ities
ities
ities
56

1

Index numbers relative to 1913
I
!

1913
1914
1915
1916
1917
1918
1919

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

100 !
103

1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average
monthly average
monthly avenge
monthly average

100
102
105
121
167
188
207

100
98
98
127
175
228
253

100
93
88
126
169
370
181

100
85
99
162
231
187
162

100
92
94
120
157
172
201

109
101
134
1S1
202
215
169

100
100
100
106
125
153
184

100
95
95
121
148
156
i-

100
98
101
127
177
194
206

218
124
133
141 i
143 i
158
'

220
144
138
144
144

295
ISO
181
200
190
189

241
199
218
185
172
17?

192
129
122
14-i
134
130

264
165
168
3S9
176

200
136
124

196

130
134

254
195
176
183
173
170

117
123
116
134

226
147
149
154
150
159

144
144
146
145

147
148
148
147

202
199
201
203

176
172
367
162

144
142
1-1
142

IS'7
182
181
178

129
130
130

183
183
176
176

121
120
118
116

144
143
137
139

143
143
141
137

200
196
191
189

169
180
181
179

142
143
144
1^9

1s-'!
1S2
1H2

132
131
130

176
376
175
175

136
134
141
115

137
136
139
144

,H7
187
1S8
190

177
175
173
170

334
"*32
130
130

ISO

127
127
127
130

1 rr£

143
149
150

148
152
154
158

187
188
190
191

108
162
163
165

128
127
129

171
171
172

131
132
134
135

] '"]

January
February.
March _
April

163
162
161
153

160
157
159
154

191
191
191
190

168
178
174
169

ISO
136
134
129

179
183
180
174

May
June
Jtily_ ...
August

152
155
162
163

153
155
157
159

188
188
189
190

168
172
170

327
126
126
127

September _ _.
October
November
December _ .__

160
155
154
152

160
158
160
157

189
190
188
187

170
172
175
175

127
128
130
J30

104 I
123
190
218 |
231

1933
September
October
November
December...

100
101
105
123 J
199
190
191

100
97
107
128
170
203
203

207
141
142
157 '
157
163

204
323
132
145
340
151

3 54
153
352
151 J

155
158
158
158

340
142
143 i
146 i
i

]I7
113
113
1 33

151
152
150
1-iS

157
158
158
154

144
143
140
137

i ^2
111
112
115

147
345
147
1M,

153
152
153
155

136
133
133
137

149

171
172

!J6
120
123
129

156
158
160
164

139
141
145
147

135
134
134

173
173
170
171

127
125
125
129

160
101
161
156

167
169
167
161

151
151
150
149

171
170
172

133
133
135

171
170
169
169

138
143
138

155
157
160
160

160
161
162
164

145
148
150
155

174
174
176
177

136
135
135
135

168
168
166
166

135
138
3 -i 2
338

160
158
158
156

162
161
163
164

153
154
155
156

163

152

13 !

!

1

;

'
:

1924

January
February
March.
April

__ _
„___

May.
June
JulyAugust

_

12*

169
169

179

171
171

i

September
October-.
November
December

_ __

153

1925

17-4

I

1

1

i
i

1926

January _
February
March
April
|

May
June

!

1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, based on monthly averages of weekly quotations of 404 commodities, arranged in 9 groups as
given in the table. In computing this index, the price of each commodity is weighted by multiplying it by the estimated quantity of that article marketed in the census
year 1919. For comparable yearly data since 1890 and monthly data for period 1900 to 1923, see Bulletin No. 367 of the Bureau of Labor Statistics, p. 126. Prices of the
principal individual commodities making up this index are presented in the SURVEY under their respective headings.
2 Dun's and JSradstreet's index numbers are calculated as of the first of each month, and have been recomputed to a 1913 base from the actual figures as published in these
journals. Bradstreet's index is the sum of prices per pound of the commodities, while Dun's is weighted by the amount "annually consumed by each inhabitant." Monthly

data of Bradstreet's index from 1913 appeared in July, 1923, issue (No. 23), p. 45.


29

Table 4.—INDEXES OF WHOLESALE AND FARM PRICES
[Base year in boldfaced type]
1

WHOLESALE PRICES 1
Agricul- Animal Forest Mineral Total
raw
prod- prod- prodtural
products
ucts
ucts j products
ucts

YEAR AND MONTH

FARM PRICES s

Fruits Meat
and
Grain vegeta- animals
bles

All
ConProcomducers' sumers* iiiodi~
goods 3 goods 3
ties
i

21
quotations

11
quotations

21
quotations

199
quotations

117
quotations

88
quotations

35
quotations

404
quotations

6
quotations

Index numbers relative to 1913
1909-14 monthly av
1613 monthly average. .
1914 monthly average—
1915 monthly average. .
1916 monthly average.1917 monthly average—
1918 monthly average_1919 monthly average—

100
102
112
130
211
243
250

100
103
98
119
174 ;
203
221

100
92
90
102
135
157
211

100
92
97
138
191
181
180

100
99
101
126
187
205
218

1920 monthly average.1921 monthly aver age. .
1922 monthly aver age. _
1923 monthly average..
1924 monthly average. .
1925 monthly average-

255
134
145
168
173
175

186 :
110
125
122
120 j
143 !

312
163
185
211
186
188

236
185
208
186
170
171

229
142
159
159
154
164

j

j
!
i
\
'

n

quotations

5
quotations

Dairy
and
poultry
products
4
quotations

Cotton Unand
cotton- classified
seed
2
quotations

All
groups

31
quotations

5
quotations

Index numbers relative to 1909-1914 average (fiscal years)

100
92
97
143
184
181
179

100
101
102
119
163
191
211

214
135
128
141
133
134

231
159
151
156
156
167

226
147
149
154
150
159

100
92
103
120
126
217
226
231

100
98
101
127
177
194
206

|

100
92
100
83
123
202
162
189

100

100
100
101
99
106
133
160
182

100
97
85
78
119
187
245
247

100

108
112
104
120
173
202
206

231
112
105
114
129
156

249
148
152
136
125
160

173
108
113
106
109
139

197
151
135
147
137
143

248
101
156
216
211
177

152
90
94
109
100
92

205
110
124
135
134
147

100
100
102
100
117

94
£
9o i
100
130
157
162

176

;

:

200
209

i

1924
January
F ebra ary
March
April

182
176
165
166

115
116
118
119

194
195
194
195

170
177
179
174

155
156
154
154

136
139
137
135

156
154
153
151

151
152
150
148

110
113
114
113

118
123
128
128

101
102
104
106

155
152
136
126

255
247
219
226

99
98
99
98

137
136
131
130

May
June
July
August

168
165
176
175

115
109
114
123

195
182
175
175

171
168
167
168

152
147
152
154

135
130
130
131

150
151
153
156

147
145
147
150

114
116
130
141

132
146
142
138

107
105
103
116

123
123
122
123

222
219
215
219

94
95
101
103

129
130
132
139

September
October
November
December

164
172
176
186

123
130
124
129

180
181
182
187

166
165
166
169

152
156
155
161

130
129
131
132

158
161
163
1.67 ,

149
152
153
157

140
150
147
155

113
109
108
110

115
121
115
113

133
142
150
158

175
182
179
176

100
102
106
102

132
138
137
139

1925
January
February
March
A pril

196
193
183
173

133
136
148
141

193
201
196
187

172
175
173
163

187
169
169
161

134
136
135
131

IPO
i> ! >7
168
166

100
161
161
156

172
178
172
152

122
131
138
146

123
126
145
146

154
142
134
13]

182
183
195
189

94
96
94
94

146
146
151
147

M av
June
July
August

176
175
173
175

134
141
154
155

189
181
180
185

167
167
168
170

160
1S2
106
168

131
135
137
134

iP>4
165
167
lr*8

155
157
160
160

159
164
152
157

162
184
173
178

139
139
148
149

132
132
134
139

184
183
186
186

87
86
88
96

146
148
149
152

169
162
160
163

155
147
139
135

184
185
187
191

172
174
176
174

136
162
160
159

131
133
135
134

169
166
168
166

160
158
158
156

148
135
138
140

142
152
194
194

143
141
136
136

141
154
162
163

178
171
144
139

90
90
95
92

144
143
144
143

143

214

140

153

138

87

143

Seotember
October
November
December

.

_ .

|
|

i
!
|

1926
Jpnuary
February
March
Aprl

'

!

1

!

||
ii

j

|
May
Tune

|

.

!

!

1

. „

.

1

r
!

First eight columns give the wholesale price index numbers of the U. S. Department of Labor, as reclassified by the Federal Reserve Board into the groupings as shown.
The weights are the same as those used by the .Department of Labor and the total of all commodities is therefore the same. Monthly data from 1920 appeared in October, 1922, issue of the SURVEY (No. 14), p. 45.
2
Compiled by the Department of Agriculture, Bureau of Agricultural Economics, as of the 15th of the month. These indexes are based upon prices received by
farmers throughout the country for their respective crops and animal products, as collected by the Department, and are weighted by the average annual marketings by
fanners for the period 1919-23. For the detailed explanation of this index see August, 1925, monthly supplement to "Crops and Markets" published by the Department of Agriculture.
3
The term ; ' consumers' goods " in general apples to those commodities which because of their finished condition are ready for consumption; the term "producers' goods "
applies to those products which are essentially still in the raw state or semifinished condition requiring additional manufacture.




30

Table 5.—COST OF LIVING AND RETAIL PRICE INDEXES
[Base year in boldfaced type]

YEAR AND
MONTH

i

FURNITURE
AND
MISRETAIL i RET AIL
CLOTH- HOUSAND
HOUSE CELLA- TOTAL FOOD ! COAL
ING
ING
LIGHT FUR- NEOUS
PRICES PRICES
NISH0)
| 0
INGS
FUEL

PTTF-L SUNFOOD SKEL- CLOTH- ANI> OKIES ITEMS
I N G LIGHT
TER

FOOS>

Index numbers compiled by National Industrial
Conference Board relative to July, 19 li 3

Index numbers compiled by U. S. 3>ept. of Labor relative to 1913 ^

100. O
104. 0
110.6
127.8

100.0

100.0
103. 0
105. 1
118.2

100

103. 0
107.4
113.3

183. 4

150. (5
213. 6
244. 3
2S9. 6

140.5
165.8
181. 7
204.8

142. 4
174.4
188. 3
208.5

146
168
186
203

i r" o
1G/.3

131. 1
180. 1
183. 0
179.9
181.8

230. 1
205. 1
221. 1
217. I
214.3

207. 8
201.6
200.8
201.3
203.1

177.3
167. 3
170. 9
170. 7
175. 7

168. 0

177. 7

216. 0

201. 1

169. 1

100
100
104

100
101
109

105. 0
105.0
126.0

300.0
iOO. 0
101.5
102. 3

146
173
186
205

105
118
129
154

143
185
205
261

126
138
144
168

117
152
164
185

131
159
172
193

157, 0
187. 0
105. 5
198. 5

149. 1
205. 3
241. 6
223. 0

100. 1
109. 2
119. S
143.0

124. 1
147. 9

156
142
146
146
157

169
166
173
184
180

166
155
170

184
173
173
171
175

167
157
161
164
IG8

149. 3
141. 5
146. o
140. 1
160. 3

199. 7
172. 7
173. 5
170. 0

160.0
161. 2
104. 2
107. 8

174

183
179
180
169
167

1934
"M ay
June
July
August

141
142
143
144.

ISo
185
186
186

176
174
171
176

165
165
166
166

174
174
173
173

161
162
] 6n i
163 |

142. 4

174. 2

September
October
November
December

147
149
150
152

185
185
184
184

174
177
173
173

166
167
168
169

173
173

164
165 i
1 65 !
166

1925
January
February
IVIarco
April

154
151
151
151

184
183
182
182

174
172
173
171

169
169
169
165

175
175

May
June
July
Ausust

152
155
160
160

182
182
179
179

172
174
175
175

163
164
165
186

175
175
175
175

165
167
16U >

September

159
162
167
166

178
178
178
177

176
176
176
177

168
170
167
166

174
174
175
176

168
170
172
171

10O
100

111

1917 mo. av.5__
1918mo.av.<>__
1919 mo. av. 6 __
1820mo.av.«__
1921
1922
1923
1924
1925

6

mo. av. __
mo. a v . ' _ _
mo. av. 7 __
mo. av.7__
rno. av. s __

'

100

100.0

175

175

172. 5

167.8

171.3

151,5

167
165
165
165

169

1CL. 0
101. 0
108. 4

|
146. 8

:

100

168.2

i
179.1

180. 5

102
101
114

141
142
143
144

|
214. 9

216.0

201.1

201.7

170.6

147
149
150
152

172.5

154
151
151
151

I

170. 6

155.0

;

153
142
146
146
157

100
102

100
102
104

100. 0
101.0
104. 7
120.0

100 O

100
103
120

1913 ino. av -1914 mo. av.«_1915 mo. av.5- _
1916mo.av. 5 __

167. 4

176.7

214. 3

202. 7

100
100
104
118
127
151
171

!

s

189
190
191
191

!

193
194
194
194

i
:

|

194
194
194

1

;

187

152
155
160
160

173.5

;

192
191
194
194
191

187
188
189
190

|

November
December

169.4

165.5

1936
January

Alarch

159
162
167
166

j

167.1

186.9

214.3

203.5

177.9

196
(10)

0°)
(w)

i

j

\
1

j
1

June
|

1

1!

i

_

* The retail food price index compiled by the U. S. Department of Labor, Bureau of Labor Statistics, the prices of 22 articles of food being weighted according to their
consumption in working men's families as reported by retail dealers in 51 of the largest cities as of the 15th of the month. Monthly data from 1913 appeared in Bulletin 396
of the Bureau of Labor Statistics, p. 12.
2
The retail coal price index compiled by the U. S. Department of Labor, Bureau of Labor Statistics, is based on an unweighted average of quotations on Pennsylvania
anthracite, white ash, chestnut, as of the 15th of each month in 51 cities. The annual figures from 1913 through 1920 are based on two quotations a year, on January 15 and
July2 15; thereafter monthly averages are used.
' Index numbers up to March, 1922, represent retail pricss on the first day of the month, except food, which is the retail food index of the U. S. Department of Labor
Bureau of Labor Statistics, for the 15th of the preceding month. Beginning with March, 1922, all prices shown are as of the 15th of the month indicated. The index is
weighted according to the estimated consumption of average wage earners before the war, on the following basis: Food, 43.1 per cent; shelter, 17.7 per cent; clothing, 13.2 per
cent; fuel and light, 5.6 per cent; sundries, 20.40 per cent. Figures from 1914 to 1917 are based on July quotations: 1918 figures are for 2 months: 1919 for 3 months and thereafter4 monthly.
Cost-of-living indexes represent averages for the month in 32 cities; food prices reported by 15 to 25 dealers in each city, fuel and light by 10 to 15 firms, including public
utilities, in each city; other quotations secured directly from records. Rentals are based on 250 to 950 houses and apartments in each city, and for each item of clothing,
furniture, and miscellaneous, four quotations are secured in each city (five in New York City). The index is weighted on the following basis: Food, 38.2 per cent; clothing,
16.6 per cent; housing, 13.4 per cent; fuel and light, 5.3 per cent; furniture and furnishings, 5.1 per cent; miscellaneous, 21.3 per cent. Data from 1914 to 1918 are based on
December prices each year, in 1919 and 1920 on two months, June and December, and in 1923 on May, September, and December. Thereafter, the averages are quarterly,
until 1925, when made semiannual.
.
6
Figures for National Industrial Conference Board index are for July; those of Department of Labor cost-of-living index are for December; those for coal index are averages
of January and July.
6
See other footnotes for number of months on which averages of individual series are based.
7
Quarterly average for Department of Labor cost-of-living index.
8
Semiannual average for Department of Labor cost-of-living index.
8
Nine months' average, January to September, inclusive, no quotations being available for other months.
10 No quotations.




31

Table 6.—TEXTILE WHOLESALE PRICES1
j

COTTON

YEAR AND
MONTH

COTTON YARN j

Carded, Carded ;
white,
single
Northern, mule warp*
!
a
40/ls,
"«»^^iNe w YoA spian, 22/1
New
C011CS,
Bedford
Boston
!

s

£&£, >™

Per pound

1913 mo. a v _ _ _
1914 mo. a v _ _ _
1915 mo. av
1916 rno. av
1917 mo. a v _ _ _
1918 mo. av
1919 mo. av

$0. 128
.121
. 102
. 145

.360
.127
. 196
.273
.269
.222

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

1924
January
February
March
April

.325
.314
.277
.287

.347
.319
.285
.299

.552
.522
.483
. 476

May
_
June.
July
August. _

,281
.278
.273
.278

.316
.300
.317
.293

September
October
November
December

.222
.231
225
.240

. 244

1935
January
February _
March
April

$0. 248
218
. 198

.318 i
. 325

Fairchild
index !

:' iq^f-iois

$0. 120
. 102
. 194
. 140
. 225
.295
30*'

8 100

97
91
122
187
292
272

440
.862

wr&r&i
T» \j\jni
(Boston)-

COTTON GOODS

SheetK blood
ings, 4/4 Territory combing
2/32's
grease,
ware,
fine
miyds. shoals, staple, Ohio and crossbred
in.,
stock,
5,35
L L, 36", scoured
PennUoston
sylvania
to I fo., 4 yds.tolb.
f.o.b.milS New York
fleeces

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

$C. 061
. 056
. 052
.072
;
.118
.195
. 168

$0.57
.61
.71
.87
1. 59
5 1. 84
1. 70
1. S6
.85
1. 25
1 . 41
1.42
1.40

.51
.26
.43
.51
.53
. 55

.683
. 637
.607
.615

222
213
202
197

.105
.097
.089
.091

. 129
.125
.121
. 110

1. 37
1.41
1.41
1. 36

. 475
.474
,471
.469

. 620
.597
. 589
.578

195
195
194
199

. 039
.091
.091
.093

.108
. 108
. 108
.116

. 243
.238

.432
.449
.446
.446

.556 j
.543
. 539
. 552 '

193
193
194

.086
. 087
. 090
.091

. 227
.230
.245
.237

.240
.247
.256
.244

.437
.430
. 430
.430

. 547
. 569
.589
. 580

194
194
196
194

May
June
July-August

.230
.230
.234
.234

. 234
.242
.248
.238

.399
.403
.415
. 423

.558
. 543
. 543
.547

September
October
November
December

.225
.215
.181
.174

.236
.220
.208
.202

.423
.430
.407
.402

.563
.562
.546
.550

1926
January.
February
March..
April _

.172

May..
June

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

$0. 447
. 571
. 648
.593
. 558

SUITINGS

|
i
!

j

$0. 78
.64
.79
1.05
1. 56
2. 11
1.63

.90
.90

1. 83
1.18
1.41
1.73
1.69
1.72

, 52
.54
.54 i
.53 :

1.70
1.70
1.65
1.65

1.33
1. 28
1.30
1.36

.49
.44
.44 I
.48 1

1. 44
1. 48
1.60
1.68

. 53
.57
.61 |
.70 |

.092
.095
.096
.094

.108
.107
.110
. 106

1. 67
1.65
1.58
1.42

188
183
182
185

.093
.093
.095
.095

. 102 '
.097
.096
.104

187
187
182
178

.095
.096
.089
.087

.106
.108
.108
.103

:«
•-s
. 80

1.65
1. 60
155
1.60

. 110
.103
.106
.108

1.08

ne Se

hi1
110

'

»

60/06" || Wf. i
Middlesex) j N 4^ k
New York; ™** lolk
i j IV r pound
.* ! . 55

$0.32
.43

i' SILK,
| HAW

"< l Kaiisal
*»p»Jl "^,

Per yard

$0. 25
.26
.36
.41
.66
5.76
.64

. 210
.087
. 101 ;
. 123
. 113
. 105 !

!

French
serge,
35/36"
average
at mills

Per pound

Per yard

. 182
. 077
. 086
.102
,092
.093

av
av__.
av___
av__.
av__.
av

DRESS !
GOODS ;

Print
cloths,
C4 x 69,

323
162
187
213
199
188

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

: \ \\G~R"
eiiniPFfc
! ^™

1 . 48
1. 50
3.97
3. 16
4.04
4, 01

i
j
i

S3. 64
3. 69
3.32
4. 87
f>

'

4. 18
2.93
3. 10

,:tO

6, 27
8. 88

6. 04
8. 23

3. 66
3.66

|

6.31

3. 69
3. 69
3. 69
3. 69

7. 35
6.86
6.22
5. 64

. 78
.78
. 78

3, 69
3. 60 • !
3.60
3.60 i

4.80
5.00
5.39
6. 08

1.65
1.75
1.85
1.95

.78
.78 j
.78 |
.78

3, 60
3.69
3.69
3.69

5.44
5.73
6.17
6. 32

.69
.68
.63
.54

1.90
1.90
1.80
1.75

.78
.80
.80 i
.80

3.78
3.78
3.78
3.78

6.08
6.22
5.83
5.98

1.24
1. 31
1.37
1.31

. 45
.50
.52
.51

1.75
1.75
1.70
1.65

.80
.80
.80
. 80

3.60
3.60
3.60
3.60

6.17
6.37
6.32
6.47

1.28
1.32
1.32
1.30

.50
.51
.54
.55

1.65
1.65
1.60
1.55

.80
.80
.80
.80

3.60
3.60
3.60
3.60

6.62
6.66
6.57
6.81

'

!

.73
.78
.78

<

i

!

176
i

__

|i

.
1

i

I

i Unless otherwise specified, all prices are averages of weekly quotations as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data for
1920 and 1921 on most items appeared in May, 1922, issue (No. 9), p. 47. That issue also contained monthly data on another print-cloth quotation, which has been superseded by the present data due to their more general use. Monthly data on cotton yarns, single warp, at New Bedford, from 1921 to 1925, appeared in December, 1925, issue
(No. 52), p. 10, while monthly print-cloth figures from 1913 appeared on p. 22 of that issue, and women's dress goods, French serge, from 1915 in the November, 1925, issue
(No. 51), p. 22.
'Price of cotton to the producer, given at the end of each month until December, 1923, since which month it is given as of the 15th of the month, is a weighted average
of prices received by producers throughout the United States for all grades of cotton as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
The 3 market price in New York, on the other hand, is quoted on a specific grade and includes handling and transportation charges.
Fairchild cotton goods index, compiled by the Daily News Record, represents average weekly wholesale quotations of 36 standard cloths in the New York market.
4 Averages of weekly quotations on representative grades in the Boston market, as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
Monthly data from 1913 to 1923 appeared in December, 1923, issue (No. 28), p. 52.
8
Average for six months.
6
Average for years 1911 to 1913, inclusive




32

Table 7.—WOOL
RECEIPTS AT
BOSTON i

YEAR AND MONTH

Domestic

Total

STOCKS i
i!
(in grease equivalent, quar- I
terly)
\

CONIMPORTS SUMPTION
(un(in
manugrease
fac- 2 equivatured)
lent) 3

Foreign

MACHINERY ACTIVITY 5

Total

18, 761
27, 906
35, 796
36, 683
42, 214
41, 957

13, 483
15, 894
15, 142
17, 100
17,511
15, 275

5, 278
12, 012
20, 655
19, 583
24, 704
26, 682

39,918
22, 839
28, 589
36, 147
34, 758
26, 001
25, 501

17, 825
8, 809
11,977
15, 909
12, 095
16, 687
11,018

22, 093
14, 030
16, 613
20, 238
22, 664
9,315
14, 483

37, 158
21, 635
26, 722
31, 390
32, 854
22, 349
28, 271

44, 125
54, 510
53, 467
44,813
43, 857

19, 018
28, 125
37, 441
37, 336

11,367
25, 918
35. 864
32, -360

7, 651
2,207
1, 577
4, 676

18, 916
16, 397
6, 061
8, 631

36, 507
30, 972
33, 778
40, 064

Per cent of «ctiv e hours ' o total reported

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

1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1823 monthly average
1924 monthly average
1925 monthly average

Sets
of
Combs
Woo,?- Worcards
en ! sted

Carpet
and
rug

Narrow

Wide

Thousands of pound s
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average

Spinning
spindles

Looms
Held by
manu- Held by
facdealers
turers

75
74
73

!

73
78
73

;

OS
65
79

!
79

^

77

i

77

!

74

78
90 i
90
86
1
83
75
89
91
98
80
77

85
90
93
90

71
90
85

!

SI

!

83

79
74

87
92
85
84

02
66

89
85

61

73

08

83
79
72
72

57
18
44
51

87
92
92
92

86
98
96
92

86
01
90
92

79
76

78
81
86
76

92
93
94
89

89
88
67

88
90
92
87

74
33
60

59
52
57

70
65
68

86
82
80
S2

58
64
65
77

85
83
79
79

54
53
54
65

69

ei

74
70

67
68
64

85
6-4
69
67

85
81
83
81

79
88
90
36

82
82
81
76

70
80
75
71

86
87
85
71
65
09
68
83
69
69

6 529, 174 6 1S3, 917 6 345, 258
7 533, 473 ^ 2 4 7 , 4 1 2 7286,061
8 506, 623 s 291, 318 s 215, 305
217. 431
480, 867
233, 437 |
383, 100
207, 803
175, 297

91
89
84
72
70
64
65
76
62
61

1

j
!

80
74
60

84 ,
90
94 '
91

57
67
51
77
82
66
72

83
70
71
89
98
88
86

54
49
52
57
65
72

1934
May
June
July
August

-.

September
October
November
December

4, 1 21
4, 576
10, 561
12, 831

12, 129
16, 638
16, 501
31, 873

45, 638
54, 854
48 380
51,098

35 5f9
13, 478
27,411
15 140

14, 865
11.050
12, 299
16, 629

18, 986
15, C26
22, 860
29, 460

410,381

47 504
37, 725
35, 791
28 911

i
211,515 j

51 435
46, 415
45, 853 j 305,958
43 287

391, 248
359, 612

68
62
58
58

203, 270

207,111

199, 455

179,733 1

160, 157

C6
74

50
54
59
65
70

78

70

76

72
09
f.8
68

78

?

1935
January
February
March
April

38, 087
18, 285
32, 886
19 9] 5

3
4,
5,
4

418
807
475
075

|

179.244

2

126,714

63

I
May
June
July
August

16, 200
26 8° 4
45, £92
34, 998

8, 866
20 490
38, 378
20, 559

7, 340
6, 334
7, 544
14, 439

22, 387
20, 468
20, 802
34, 449

38, 246
38, 176
40. 781
42, 149

September
October
November
December

20, 403
17 4C6
J6, 1^6
18 754

7,453
5 885
7, 309
5,501

12,950
11,521
8, 817
13, 253

18, 948
23, 920
25, ] 70
23, 176

i

44, 383
47. 327
43, 471
41, 762

382, 596

179, 203

373, 010

182, 506

190, 504

63

May
June

*9

i

1936
January
February
March
A pril

66
65
61

203, 394

J:

-

j- - - -

-

-

j -

- --

:

!

;

j

1

"T""~
i

i

i

I

I

!

•

;

i

1 Receipts of wool at Boston by railroads and steamships compiled by the Boston Chamber of Commerce through January, 1925, and since that date by the Boston Grain
and Flour Exchange. They comprise usually about two-thirds of all wool imported and about half of the domestic wool clip. All classes of wool are combined in thes-3
figures, without reduction to grease equivalent.
2
Imports are from the 77. S. Department, of Commerce, Bureau of Foreign and Domestic Commerce, and total wool of all classes, without reduction to grease equivalent
3 Consumption of wool by textile mills from U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922, when ths compilation was transferred
to the U. S. Department of Commerce, Bureau of the Census. These data reported by almost 600 manufacturers represent nearly SO percent of the industry, the figues
from the American Woolen Company and from 10 to 20 other concerns not being included. The figures are reduced to grease, equivalent by multiplying scoured wool by
2 and pulled wool by 1%. Further details as to classes of wool and districts are given in press releases.
4
Stocks of wool held by about 6GO manufacturers and about 400 dealers from the U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922,
and thereafter by that bureau jointly with U. S. Department of Commerce, Bureau of the Census. Figures have not been received from practically the same manufacturers
as fail to report on wool consumption while about 15 dealers do not report. Stocks in dealers' hands include U. S. Government stocks taken over during the war and finally
disposed of shortly after the end of 1921. Stocks include wool, tops, and noils and are reduced to grease equivalent in the same manner as in the consumption report; further
details as to classes of wool, etc., are given in press releases.

figures were started in the middle of the year. The 1917 averages are therefore based on 9 months' figures. Up to 1921, the data represent the percentage of active machii___
to total and beginning with 1921, the percentf ge of active hours to total hours of plant operation. Figures on the old basis of active machines are still published in the
press releases but are not much different from the more accurate active hour figures. Previous to October, 1922, these figures were originally given as of the first of the
following month, representing the previous month's operations, but these have now been changed to show the activity for the month to which properly credited; where
activity of over 100 per cent is shown, overtime was reported sufficient to offset all idle hours and leave an excess. Details as to number of spindles, etc., are given in press
releases. 6
These data comprise practically all wool-consuming 7mills.
Average of the last two quarters of 1920.
Average of the first three quarters of 1921.
* Average of the last three quarters of 1922.




33

Table 8.—CLOTHING
MEN'S AND BOYS'
GARMENTS CUT i

YEAH AND MONTH

1

WORK CLOTHING a

Separate Overtrou- coats
sers

Suits

HOSIERY 3

i
Thousands of garments
1924 monthly av
1925 monthly av

1,263
1,414

Dozen garments

402
370

1,512
1,607

208,314 ' 192,492
250, 468 i 217,286

KNIT UNDERWEAR *

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

Stocks,
end of
month

Net

shipments J

Cut

!

UnNet St'ks, n^
ship- end JrJajL filled
ments3 mo. OIUt;r!» orders

Production

Thousands of dozen pairs

349, 916
326, 257

3, 156
3, 589

6,259

3,801

3, 153

3,747

6, 432
6, 534

3, 742

3,340
3,435

3,496

3,210

6,616

3,026
2,749
2,626
3,004

6,494
6,557

3,420
3,645

5, 889

3, 105
3,157

5,781
5, 752

3,206

5,738
5,964

3, 352
3, 812

5,771

Thousands of dozens

!

3,410
3, 888

5, 755
7,394

3,100
3,061
3,168
3, 628

7,277
6,711
6,037
6,276

2,730
2,589
2, 644
3,203

5,290
4,673
4,524
4,548

4,006
4,452
4,433
3,907

4,980
5,579
6,492
6,673

840
1,017
902
1,035

1, 058
1,082
958
961

1, 149
959
928
954

1, 199
1, 473
1, 556
1, 669

1,416
1,811
2,233
2,883

4,400
3,852
4,096
4,345

7,372
7,705
7,730
7, 937

1,079
1,201
1, 325
1, 329

1,108
1,198
1, 245
1,184

981
1, 030
1, 103
1, 208

1, 832
1, 254
1, 210
1, 033

3,585
3,614
3,472
3,333

3,961
4,179
3,332
3,267

8,034
8,302
7,645
6,796

1,223
1,151
1,033
1,010

1,090
1,093

1, 252
1, 279

1, 112
939

3,239
2,935

1,128

1,182 | 1,047

2,716

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

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

1,119
1,217
1,094

1,203
1,429
1,092

1, 136
1, 174
941 i 1,499
957
1,018

2, 460
2,672
2,670

i

1934
January.February
March
April. -_

1,553
1,596
1,589
1,232

1,747
1,923
1,861
1,594

212
196
237
250

251, 953
230, 703
225, 097
208, 177

238, 320
206, 654
181, 682
184, 594

351, 879
362, 691
372, 566
384, 481

1, 143
1,166
1, 170
1,252

1,415
1,276
1,232
1,506

368
466
512
626

187, 821
153, 178
152, 128
165, 998

183, 670
167, 420
162, 631
176, 851

432, 542
367, 015
337, 155
292, 392

3,400

September
October
November
December

1,048
890
1,046
1,468

1,421
1,533
1,289
1,344

669
687
368
227

223, 904
245, 804
242, 504
212, 505

222,911

315, 812

227, 914
188, 578
168, 678

321,000

3, 107
3, 597
3, 274

1925
January
February
March
April

1,578
1,626
1, 843
1,276

1,604
1,562
1,574
1,689

207
245
233
197

237, 808
252, 861
290, 448
266, 256

214, 095
213, 031
251, 365
227, 518

330, 893
325, 958
344, 714
345, 478

3,661
3, 703

1,200
1, 616
1,632
1, 492

1,473
1,780
1, 579
1,575

290
403
475
520

237, 023
277, 021
212, 915
251, 737

202, 579
220, 624
207, 223
231, 703

1,083
1,041
1, 086
1, 491

1,547
1, 731
1, 536
1,631

565
657
440
211

256, 519
285, 304
248, 687
189, 033

241, 594
246, 209
194, 121
157, 364

_-

June
y
July
August

May
June
July
August

-. .

-

-

September
October
November
December - -

1926
JanuaryFebruary
March
April
!

May
June .- - _ _

3,091

2,660
2,912

316, 884
344, 576

3,402

j

1

i

6, 396

6,265
5,849

4,039

3, 372
3,791

5, 945

4, 030

3,648

4,874

324, 729
346, 039
335, 640
305, 448

3,921

3, 468

3,865
3,697
3,702

3,768
3,608
3,742

6,235
6,039

302, 630
303, 001
318, 428
332, 123

3,756

4,003
3,846

4,051

3,803
2,510

!

6,114

5,734
5, 565

5,476
5,738

3, 456
3,161

5, 834

'

i
i

_

_

i

|

-.-.

6,548

-

1
._ i

|

!

'

"|

-

Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 467 establishments of which 4 did not begin reporting until February, 1924.
Details by materials are given in press releases.
2
Compiled from reports to the U. S. Department of Commerce, Bureau of the Census, from 158 identical establishments of which 2 are now out of business; further details
by materialsused and sizes are given in press summaries. For January, 1.924, 4 firms did not report. The data represent outer work garments (overalls, unionalls, coveralls,
two-piece suits, work pants, etc.) and do not include data on work shirts.
3
Compiled by the U. S. Department of Commerce, Bureau of the Census, as reported by 261 identical establishments. Further details are given in press releases.
4
Data from U. S. Department of Commerce, Bureau of the Census, compiled from reports of from 162 to 176 establishments while stocks are from 70 to 83 establishments
only. Further details as to classes given in press releases. Data for the period, July, 1920, through May, 1924, representing about 30 per cent of production in 1921 and
compiled by the Associated Knit Underwear Manufactures of America appeared in November, 1924, issue (No. 39), p. 42.
4
Represent shipments after deductions for goods returned or cancellations.

79396°—26




8

34

Table 9.—COTTON1
1

PRODUCTION

(crop
estimate) 2

YEAR AND MONTH

GINNINGS
(total
crop
to end of
month
indicated) 3

STOCKS, END OF THE MONTH
EXRE.«
PORTS CQNCEIPTS POIITI* ! (includ- SUMPINTO
PUB lh ing
TION
SIGHT
Ilnters)
!

Domestic
Total

Mills

World visible *

\

Warehouses

Total
cotton

American
co (Ion ;

Bales 8
13, 033, 235
14, 156, 486
16, 134, 930
11, 191, 820
11, 449, 930
11,302,375
12, 040, 532

1919 in on th ] y a v
1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

11, 420, 763
13, 439, 603
7, 953, 641
9, 762, 069
10, 139, 671
13, 627, 936
15, 603, 000

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

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

17, 313
18, 455
26, 283
33, 798
325 064
23, 103
18, 781

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

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

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

1, 359, 417
1, 209, 177
1, 552, 989
1, 863, 668
1, 658, 513
1, 594, 578

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

4, 386, 925
4, 628, 711
5, 920, 149
4, 704, 844
3, 974, 733
4,021,720

3, 079, 529
3,094,377
4, 480, 679
3, 410, 678 !
2, 743, 733
2, 814, 722

11, 325, 532
13, 270, 970
7, 977, 778
9, 729, 306
10, 170, 694
13, 639, 399

1, 031, 250
896, 699
997, 307
972, 319
936, 705
1, 105, 315
.1,321,206

29 226
49, 999
23, 158
31, 030
31, 228
26, 770
26, 122

581, 280
529, 886
556, £19
525, 555
457, 778
566, 243
711,014

493, 293
486, 933
450, 565
507, 294
543, 444
469, 139
535, 699

4. 935, 973
4, 792, 190
6, 100, 420
4, 706, 031
3,853, 119
3, 435, 371
3, 994. 482

1, 430, 976
1, 453, 054
1,312,862
1, 447, 196
1, 480, 319
1, 087, 880
1, 283, 414

3, 504, 998
3, 339, 136
4, 787, 5G4
3, 258, 836
2, 372, 800
2, 347, 490
2,711,067

5, 085, 485
5, 662, 420
6, 344, 953
4, 950, 925
3, 503, 179
8, 724, 552
4, 576, 477

3, 614, Of-8
3, 909, 420
4, 410, 280
3, 152, 091
2, 152, 179
2, 417, 302
3, 274, Of G

896,469 ! 47,693
421,331 ! 48,602
369, 396 49. 833
403, 471 40, 435

546,853
482, 146
332, 168
320, 774

578,468 !
508, 677
4X5, S4H
478, 583

4, 601, 807
4, 080, 514
3, 505, 404
2, 840, 520

1, 637, 824
1, 583, 439
1, 503, 852
1, 329, 901

2, 963, 983
2, 497, 075
2, 000, 552
1, 510, 619

4, 477, 084
4, 584, 208
4, 127, 222
3, 520, 382

3, 030, 084
2, 785, 208
2, 365, 222
1, 834, 382

947, 494

405, 927
220, 426
254, 101
394, 930

326, 357
230, 979
211, 533
277, 647

413, 967
350, 021
347, 099
357, 380

2. 283, 710
1, 831, 844
1, 395, 514
1, 354, 853

1, 157, 428
949, 647
721, 589
552, 789

1, 128, 282
882, 197
673, 925
802, 064

3,102,211
2, 667, 297
2, 190, 493
1, 898, 309

1,533,211
1, 223, 297
933, 493
823, 309

4, 527, 668
9, 715, 643
12, 237, 659
12, 792, 294

1, 845, 069
2, 807, 409
2, 767, 047
2, 478, 206

737, 485
9, 654
18, 135 946, 508
17, 549 1, 306, 550
48, 663 1, 075, 923

438, 373
534, 283
495, 182
533, 789

515, 593
2, 562, 488 !
733, 440
4, 959, 867
1, 049, 327
5, 852, 270
1, 319, 736
5, 936, 655

2, 066, 895
4, 226, 427
4, 802, <J43
4, 616, 919 '

2, 864, 472
4, 266, 825
5, 174, 668
5, 821, 450

1, 970, 472
3, 357, 825
4, 345, 668
4, 805, 450

13, 306, 813
13, 639, 399

1909-13 monthly av
1913 monthly av - . . . .
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly a v
J918 monthly av__

1, 379, 161
864, 323
811, 452
495, 283

54, 822 1, 076, 075
59, 902 811, 838
739, 996
33, 955
22, 409 472, 555

594, 010
550, 775
583, 407
596, 541

5, 302, 032
4,615,778
3,662,114
3, 177, 217

1, 441, 699
1, 542, 382
1, 633, 783
1, 511, 008

3, 860, 333 1 5, 830, 282
3. 073, 396 5, 644, 890
2, 028, 331
5, 322, 550
1, 666, 209
4, 545, 302

4, 722, 282
4, 327, 890
3, 789, 550
2, 942, 302

14, 219
19, 957
9, 927
9, 266

330, 907
217, 786
202, 468
315, 825

531, 668
494, 083
483, 926
448, 665

2, 482, 671
1, 885, 477
1, 379, 848
1, 720, 705

1, 343, 019
1, 126, 127
865, 842
680, 527

1, 139, 652
759, 350
514, 006
1, 040, 178 1

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

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

15, 121 752, 324
12, 402 1, 421, 482
27, 007 1. 206, 786
34, 474
984, 061

483, 266
543, 679
543, 098
575, 271

4, 003, 631
5,715,819
6, 662, 449
7, 326, 038

866,011
1, 216, 437
1, 456, 166
1, 717, 972

3, 137, 620
4, 499, 382
5, 206, 283
5, 608, 066

3, 883, 012
5, 193, 976
6, 048, 438
7, 056, 308

2, 805, 012
4,114,976 i
4, 903, 438 1
5,634,308 |

6, 773, 664

5,237,664 j

|

1924
January.. .._
February
March
April.
__.

9.944.032
10, 170, 694

May
June
July
\ugust

12, 144, 000 i
12 351 000

September
October
November
.Decern ber

12, 787, 000
12, 499, 000
12 816 000
13, 627, 936

16, 107
13, 641
6, 795
4, 136

1925
January
February
March
April.
May
June.
Julv
August

14, 339, 000
13, 566, 000

September
October
November
December

..

.

159, 373
1, 892, 549

311, 313
128, 743
153, 881
780, 440

13, 740, 000
14, 759, 000
15 386 000
15, 603, 000

7, 101, 710
11,198,660
13, 857, 686
14, 826, 452

2, 332, 283
3, 149, 220
2, 942, 255
2, 506, 120

1926
January
February
March
April
May
June

15, 488, 230

!

i

I
1

Receipts into sight compiled by New Orleans Cotton Exchange; imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce;
consumption, ginnings, and domestic stocks from U. S, Department of Commerce, Bureau of the Census. Linters are not included in the statistics in this table, except in
the exports. Yearly figures represent averages for the calendar year except for ginnings and production, in which case totals for the crop year are shown (not an average),
arid the 1913 and 1914 data on imports and exports, which are averages for the fiscal year ending June 30 of the year given. Monthly data, 1913-1921, on consumption and
stocks are given in December, 1922, issue (No. 16), the 1921 stocks being revised in the August, 1923, issue (No. 24), p. 55.
2
The yearly figures, from U. S. Department of Agriculture, Bureau of Agricultural Economics, represent the latest revised estimates of total production of the cotton
crop3 for the year (not a monthly average). The monthly figures show the current estimate of total production as reported each month.
Figures for September are to Sept. 25 only, prior to 1924. December figures cover ginnings through Dec. 13 only. January figures for all years cover ginnings through
Jan. 16, and February figures cover all ginnings of the crop. Yearly figures represent total ginnings for the cotton crop harvested in that year (not a monthly average).
Monthly data for prior years 1914-1922 are given in the April, 1923, issue (No. 20) of the SURVEY, page 51.
* These figures, from the Commercial and Financial Chronicle, represent world visible supply on the Saturday nearest the end of the month, covering European ports,
United States ports and interior, Egypt, India, and quantities afloat.
8
All bales are running bales counting round as half bales, except for imports, which are given in equivalent 500-pound bales.




35

Table 10. -COTTON MANUFACTURING AND BUTTONS
SPINDLE ACTIVITY 1

YEAR AND MONTH

Per
Per
Total spindle cent
Orders,
Active
grey
spindles spindle
in
of ca- i Billings yardage
hours place paeity

Thous.

Millions
of hours Hours

av
av
av
av_.
av_ _
av
av__

33 801
33, 052
33, 036
34, 681
31, 136
32, 634

Per
cent

f?^ dses
n ,

Pieces

Thous.
of
yards

\

6

i
7 206
209
222
177
208

|
85, 385
94,016
95, 098
77, 650
78, 756

• 92. 0
93. 5
98.9
78.5
92.7

FALL
RIVER MILL
DIVIDENDS
(quarterly) 9

1

Stocks,
end of
month
Thous.
of
gross

Per ct.
of capacity

Ratio
Total to capitalization
Per
Thous.
cent per
of
dollars quarter

|
« 37, 062
« 34, 572
43, 195
51, 687
63, 719
45, 348
56, 920

. .|

7 7, 539
7,723
8,288
6, 696
7,877

FRESH
WATER
PEARL
BUTTONS

ProducProtion
(New ! Exports ! duction
Bedford)

Stocks, Acend of
month tivity

30, 560
30, 748
31, 136
32, 293
33, 400
33, 524
33, 876

1920 monthly av
1921 monthly a v _ _
1922 monthly av_.
1923 monthly av...
1924 monthly a v _ _
1925 monthly a v _ _

Shipments

Thousands of
yards

Per
cent

i

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

COTFINE
COTTON TON
GOODS a CLOTH'

FINISHED COTTON GOODS 2

90, 154
95, 509
91, 504
76, 105
76, 558

44, 935
49, 102
48, 116
41, 863
43, 691

36, 226
44, 937
46, 166
43, 139
39, 640

434, 188
383, 523
329, 571
354, 274
385, 772
438,761 !
353, 851
421, 059

65
66
68
60
1

$519
306
285
593
1,054
1, 512
1,221

1.820
1.084
.974
1.734
3.338
4. 594
3.651

68, 278
45, 969
48, 913
38, 705
39, 858
45, 267

2, 521
779
46. 1
46.1
33.5
44. 2

12, 562
13, 846
IS. 968
12, 494

882
705
419

7.486
2. 031
1. 997
2.061
1. 609
.931

656

1. 514

742

1.688

;
|

1924
January
February
March
\pril

33, 280
32, 711
32, 372
31, 863

8, 448
7,304
7,073
6,770

224
194
187
179

95.5
87.3 '
82.4
80.0

92, 714
85, 823
85,110
79, 776

86, 888
81, 680
80, 300
80, 530

54, 291
47, 856
46, 469
42, 170

48, 007
45, 883
43, 948
44, 959

74
64
63
62

464,408
409, 377
420. 622
355, 591

28, 444
28, 867
30, 575
32, 590

36.4
43. 5
44.0
41.6

14, 455
14, 237
14, 221
14, 191

May
June
July
August

30, 484
29, 219
28, 799
29,011

5, 908
5,336
5, 158
5,400

156
141
136
143

67.5
64.6
60.3
63.1

76, 574
64, 761
58, 322
63, 895

65, 610
55, 955
59, 514
71, 630

39, 035
33, 397
33, 514
35, 951

' 43,395
43, 586
42, 378
41, 850

46
45
47

190, 337
284, 726
293,015
318, 513

44, 763
39, 349
37, 390
4.9, 367

32. 4
30. 4
17.4
22.4

14,170
14, 193
13,964
13,917

September
October
November
December

30, 154
31, 165
31, 858
32, 721

6, 415
7, 593
7, 124
7,817

170
201
188
206

76.4
86.2
87.8
90.7

70, 547
86, 765
75, 822
91, 686

74, 213
90, 601
81, 689
84, 652

39, 753
44, 331
39, 052
46, 531

39, 325
40, 664
41, 516
42, 162

54
67
58
67

325, 279
385, 301
399, 820
399, 228

43, 224
53, 113
46, 917
43, 698

28.4
30 i
36 1
36. 8

13, 782
13, 605
13 6°3
13, 263

1925
January
Februprv
March
April

33, 321
33, 359
33, 217
33, 410

8, 493
7, 868
8,599
8,518

224
208
227
225

96.4
100.0
99.6
100.0

81, 174
81, 650
94, 039
88, 986

84, 459
83, 293
86, 776
76, 505

49, 319
47, 961
48, 879
45, 776

36, 925
36, 101
36, 121
39, 296

62
66
69
64

419, 904
388, 053
444. 886
449, 266

51,819
39, 660
51, 520
52, 378

33.9
41.6
43.6
45.5

May.
June.
July
August..

33, 137
32, 288
31, 737
31, 270

7,930
7, 690
7, 298
6, 954

210
203
192
184

93.6
89.0
84.6
80.5

75, 463
70, 593
69, 281
63, 994

63, 128
65, 103
69, 364
69, 176

40, 573
40, 133
39, 153
37, 903

40, 460
41, 461
40,710
41,151

51
52
50

468, 216
404, 157
417, 603
402, 103

47, 108
37, 367
41, 643
44, 502

September
October
November
December __

31, 552
32, 425
32, 892
33, 001

7, 102
7, 962
7, 834
8, 272

188
210
207
218

83.8
89.4
96.0
99.5

72, 257
85, 859
78. 239
83,541

81, 079
85, 907
75, 453
78, 448

42, 608
47, 556
39, 676
44, 754

40, 711
39, 917
40,511
42, 315

58
67
61
62

371, 500
452, 552
385, 841
448, 625

42, 366
44, 887
43, 084
46,871

1936
January
February
March
April...

_.

'#

j

!

835 ! 1.898

;

i

588

1.337

13,496
12, 913
12, 607
12, 515

r"«r

1. 440

46.0
47.4
38.4
46.6

12, 485
12, 510
12, 332
12, 391

396

. 890

!

46.2
48. 1
47.3
46.1

12, 228
12, 197
12, 286
11,963

338

. 759

299

.634

!|

._

May
June

|

i

ages of the industry, based on work done outside of regular textile mills: White goods, 70 per cent; dyed goods, 55 per cent; printed goods, 25 per cent. In the statistics
given above, white goods and dyed goods each comprise regularly about 40 per cent of billings and orders. Prior to November, 1923, an additional firm was included.
Details by Federal Reserve districts and classes of goods are given in the association reports. Monthly data from 1920 by classes of goods are given in the December, 1923,
issue (No. 28), p. 55. The goods are billed as completed; hence billings approximate production. Data for December, 1921, and January, 1922, were not compiled and
averages for the years 1921 and 1922 are based on 11 months' figures.
3 Data on fine cotton g9ods, from the Fine Cotton Goods Exchange, are reported by 24 identical mills in the New Bedford district, representing about 50 per cent of the
fine cotton goods industry in New England and from 20 to 30 per cent throughout the United States. Data on sales no longer published, as not strictly comparable with
production figures.
4
Exports of cotton cloth, from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include duck and other cloth, bleached, unbleached, and
colored. Beginning with January, 1921, the figures are reported in square yards instead of linear yards, as formerly, and are probably slightly smaller than in the corresponding linear-yard measurement.
* These figures are for fiscal years ending June 30 of the years specified; others are for calendar years.
6 Nine months' average, April to December.
7
Average for five months, August to December, inclusive; previous data not available.
8
Data on fresh-water pearl buttons from National Association of Button Manufacturers from reports of 17 firms representing 95.2 per cent of the machine capacity of the
association members, except prior to July, 1922, when 16 firms reported.
8
Dividends paid by textile mills in Fall River in quarter ending in the month given, comprising about 38 mills, are compiled by G. M. Haffards & Co. Yearly figures
are quarterly averages. Quarterly data, 1911-1922, are given in the September, 1923, issue (No. 25),"p. 48.




36

Table 11.—SILK AND OTHER TEXTILES AND FUR
SILK

OTHER TEXTILES

FUR

i
Stocks

YEAR AND MONTH

Imports *

Deliveries 2

Spinning
At ware- At mfg. Broad Narrow
houses • plants 3 looms looms spindles
1

1920 monthly av....
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly a v _ _ _ _

1924
September
October
November December 1925
January.
February
March
April

2, 850

Fibers

(unman fd.)

Sales

Per cent of active
hours to total

»
1909-13 mo. av
1913 monthly av __
1914 monthly av
1915 monthly av
1916 monthly av.—
1917 monthly av
1918rnonthlvav ..
1919 monthly av

Elastic
webbing s

Machinery activity 4

(end of mo.)

Thous.
of yards

2,566

32, 769
41. 070

1

3,619
4 060

3,308

33.318

8

6, 445

32, 350
33, 367
37, 464
44, 819

6, 491
5 615
6. 347
7. 685

36, 658
35 794
33, 125
33. 961

42, 260
44, 398
55, 516
61, 533

5,022

15, 283
15, 176
18, 484
20, 051

31, 886
27, 274

33,817

11,593
13,778
13,041

20, 416
22, 815
26, 613
24, 691
25, 854

18. 628
16, 286
27, 109
28, 556

942. I
55. 1
47.8
59.5

9 62. 6
72 5
69. 5
97.8

76. 1
81.9
81.4
81.5

21, 471
22, 667
25, 043
21, 948

48.2
50.0
50.3
51.2

68.4
74.6
75.2
78.0

11,340

« 2, 482 1 » 2, 050
2, 201
1, 630

2,438 '

2,018

9 2, 469
1, 577
1,698

55, 900
40, 846
30, 409
43, 674

1,893
2, 460
1,889
2/021

1, 456
1,644
1, 536
1, 467

1,396
1,290
1,302
1, 446

33, 142
25, 273
29, 559
23, 592

56, 240
56, 524
56, 175
53, 076

1,941
1, 923
2, 537

1, 850
1,671
2, 254
1,752

1,497
1, 593
1,498
1,801

24, 131
38, 280
16, 042
21, 722

61,115
50, 604
52, 664
61, 813

2,249
2,379
2,526

1, 995
1,752
2, 022
2,116

1,437 1
1,730
1,625
1,878

2, 066
2, 015
2, 212
2, 108

2,325
3,226
5,422

2,377

27,014

2, 380
1, 975
2, 077

1, 857
1, 852 I
1, 933
1,677

3,253

2, 987
2, 537
2, 728

1, 615
1, 689
1, 760

13, 137

43, 664
42, 621
39, 957
51, 363 |

2,804

11,658

20, 936
23, 621
26, 930

10, 731

13,478

12, 345
10, 625
10, 478

$1,791

$2, 630

2,015
1,398
1,291
659

4, 435
3,581
3, 783

1,490

1, 298
913
1,878
1,666

2,903

&
39, 835
37, 529
45, 157
40, 040

58, 732
60, 249
46, 663
39, 271

25, 084
24, 252
27, 761
26, 540

80.9
80.2
83.4
90.0

55. 6
56. 5
58.5
59.4

82.1
83. 1
85. 3
86. 9

13, 155
13, 798
14, 273

May...
June
July
August

6. 697

38, 266
39, 575
44, 013
44, 047

42, 517
44, 016
35, 598
32, 017

27. 104
28, 189
26, 505
28, 198

86.0
88.8
89.3
89.8

62.0
61.0
61.4
60.0

101. 1
102. 9
103. 0
101.8

15, 784
14, 267
12, 344

September
October
November
December

8,408
7,240

41, 684
46, 815
41, 848
42, 484

42, 708
39, 423
46, 813
49, 824

28, 169
30, 107
30, 602

91.2
93.7
96.4
95. 2

60.8
61.3
59.1
58.7

104.0
112.9
107.0
104. 5

12, 129
13, 637

46, 148

47, 326

May
June -

i

47 398
39,514
43, 185
50, 005
47,971
52, 151

» 59. 3
73.5
72.5
88. 7

!
i

i

Thous. of dollars j

36, 366
36, 890

12, 620

51,312
21,315

Thous. of linear
yards

40.653

14, 707
17, 830
26, 941
30, 635
29, 868
30, 592
41, 779

4, 377
4, 825
5,169

Thous.
of Ibs.

33, 922
37,917
36 519
34, 047
32. 147

32 flfifl

3, 094

6, 633
5, 259
5,714
4. 947

1926
January
February
March
April

Thous.
of Ibs.

Long
tons
28, 613
32. 596

4,627 !

Sales
Pur- 7 of garPyrox- Ship- Unfilled chases ments 7
ylin
ments orders,
end of
spread billed month

Imports i

''

3,406

Pyroxylin-coated
textiles a
(artificial leather)

Burlap

5,428
6,246
5,894

6,814

8,063

15,535

12,014

:

1
1

1

1
1

_

!

i

I

2,478
2,171

~!

5,742
2, 344
1, 934

4, 758

5, 633
4,641

~

i
|

|

_i

!i

1

i!

i

ii

__

__

_

I

__

;

1
Imports of silk, of unmanufactured fibers and of burlap from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Silk imports are a total of
unmanufactured silk, including raw silk, cocoons and waste. Unmanufactured fibers include flax, hemp, istle, jute, kapok, manila, New Zealand flax, sisal, etc.
2 Deliveries of raw silk from principal warehouses in New York City, indicating approximate consumption by mills, and stocks at these warehouses are from the Silk
Association of America. A bale of silk averages about 133 pounds, but varies considerably according to origin of the bale. Details by sources are given in the association's
report. The delivery figures are computed by the association from the data on stocks and trade figures on imports through New York and Pacific ports, allowing time for
Pacific imports to reach New York. Monthly data for 1920 and 1921 may be found in May, 1922, issue (No. 9) p. 43.
3
Computed from data reported by the Silk Association of America' covering from 35 to 60 per cent of the silk manufactures and throwsters, averaging about 45 per cent
for most of the year 1924. Owing to the varying number of mills reporting, the original figures have been prorated up to 100 per cent, by dividing the stocks reported by the
percentage of the trade which they are estimated to represent. The maximum reporting capacity (60 per cent in April and May, 1923), coming immediately after a month of
ng
minimum reporting capacity (35 per cent in March, 1923), indicates, in the close correspondence of these prorated totals, that the prorating shows the situation quite
accurately.
* Compiled by the Silk Association of America from manufacturers representing about 50 per cent of the industry. The figures represent the percentage of active hours
to the total hours normally worked, and are weighted averages of each section of the silk industry, for which details are given in the association's monthly reports, i. e.,
New Jersey, Pennsylvania, New England, and all other.
5 Elastic webbing sales are reported by eight manufacturers to the Webbing Manufacturers Exchange, comprising almost the entire industry.
6
Compiled from reports to the V. S. Department of Commerce, Bureau of the Census, by 12 identical firms, with a capacity of 2,174,333 yards for March, 1923 (capacity
varies slightly each month in accordance with the varying number of working days). Further details as to values, etc., are given in press summaries.
7
Purchases of fur and sales of fur garments by 100 representative fur manufacturers in New York City, as compiled by Seidman & 'Seidman, certified public accountants.
Data for January and February of each year obtained by applying normal percentage of sales for those months to difference between yearly totals and the sum of the other
10 months for which actual figures were obtained. Monthly data for 1924 appeared in January, 1926, issue (No. 53), p. 23.
8
Eleven months' average, February to December, inclusive.
9
Ten months' average, March to December, inclusive, except pyroxylin unfilled orders, which is a 10 months' average from February to December, inclusive, June
figures not being available.




37

Table 12.—IRON ORE AND PIG IRON
IRON ORE i
Stocks, end of mouth

Receipts
Shipments
from
mines

YEAK AND MONTH

|

Consumption

Lake
Erie
by
ports Other fur- 2 Total
and
ports naces
furnaces

At furnaces

On
Lake
Erie
docks

PIG IRON
Production *

Mer- FurTotal chant naces
iron 6

Number

Thousands of long tons
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925

8, 193
5,337
7, 720
10, 789
10,416
10, 193
7,863

.1, 651
1,130
1,463
2, 164
2, 255
2,176
1, 666 " 3, 633

7,472
2,592
5,285
7,278
5,259
6, 450

2,207
1,096
1,747
2,440
1,775
2,620

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

6,584
7, 584
7,280
6,690

4,315
5,421
5,431
4,974

1,786
2,009
1, 953
1,517

6,165
5,597
2,056
9

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

6,460
4,181
6,254
8,564
8,066
7,966
6,146

9,755
3,717
7,102
9, 841
7,104
9,013

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

4,888
4,461
1,975
45

Furnaces in blast,
end of month 4

Wholesale prices s

Capacity

Foundry
Basic
Per
No. 2
cent North- (valley
furof
ern
total (Pitts- nace)
burgh)

Tons per
day

Per
cent

Composite
pig
iron «

Dollars per long ton

26, 852

7 530
7,246
7,243
6,282
7,280
8,318
7,779

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

753
560
647
922
929
863
650

269
188
229
319
338
352
241

84,005
62, 752
83,623
106, 775
106, 499
106, 954
81,918

63.7
44.5
55.0
81.4
83.2
83.1
56.3

$16. 00
13.90
14.87
21.07
41.39
34.46
30.31

$14. 75
12.88
13.74
19.76
38.90
32. 51
27.70

$15. 42
13.52
14. 15
20.31
39.99
34.38
29.91

29, 753
33, 330
33, 751
31,036
31, 639
30, 422

21,211
24, 512
25, 642
24, 438
25, 076
24, 319

8,542
8, 818
8,109
6,621
6,563
6, 102

3,077
1,379
2,240
3,338
2,591
3,033

824
246
472
805
621
659

287
105
181
277
203
216

97, 758
43, 673
75, 238
109, 072
84, 795
99, 690

66.5
25.1
43.2
66.2
50.1
55.1

44.90
25.13
26.93
28.15
22. 50
21. 66

42.25
21.74
24.20
25.81
20.24
19.58

43.80
24. 05
25.00
27. 15
21.87
21.32

3,830
2,793
2,415
2,636

21, 608
26, 410
31, 596
35, 703

16, 717
21, 102
25, 842
29, 248

4,891
5,308
5,754
6,455

2,615
2,026
1,785
1,887

688
519
441
474

184
161
144
150

77, 300
62, 200
55, 350
63, 070

45.7
40.0
35.7
37.2

22. 51
21.51
20.76
20.89

20. 50
19. 63
19.00
19.00

22.57
21.20
20.11
20.22

1,410
1,241
651
0

2,927
3,498
3, 689
4,542

38, 998
41, 536
40, 728
36, 360

31, 593
33, 417
32, 679
29, 014

7,405
8,119
8,049
7,346

2,053
2,477
2,510
2,962

544
619
613
585

173
182
205
228

72, 235
81, 490
89,100
98, 380

42.9
45.2
50.9
56.6

21.56
21. 26
21.26
22.96

19.00
19.00
19.13
20.90

20.41
20.37
20.66
22.32

31, 154
26, 207
20,791
17, 312

24, 430
20, 184
15, 695
13,009

6,724
6,023
5,096
4,303

3,370
3,214
3,564
3,259

678
674
751
744

251
254
245
220

111, 150
115, 700
112, 380
103, 080

62.3
63.0
61.1
55.1

24.14
23.76
22.86
21.89

21.88
22.00
21.30
20.13

23.24
23.21
22.87
21.70

7

35, 258

7

1924
May
June
July
August

_ ._
__

_

September
October
November
December

_.

1925
January
February .
March
April

_

September
October
November
December

865

1,357

8,314
7,958
8,525
8,533

5, 376
5, 975
6,217
6,228

2,328
2,139
2,276
2,143

4,357
3,863
3,842
4,020

21,049
25, 404
30, 332
34, 605

16, 527
20, 397
24, 720
28, 272

4,522
5,007
5,612
6,333

2,931
2,673
2,664
2,704

624
560
627
580

196
189
190
192

89, 550
86, 250
86, 420
88, 250

49.4
47.7
48.5
48.1

20.89
20.06
20.26
20.26

18.81
18.05
18.00
18.00

20.65
19.78
19.72
19.78

7,355
7,004
4,258
7

May
June
July
August

2,121

5,242
5,000
5,490
4,813

5,646
5,147
3,198
48

1,864
2,088
1.517
5

4,011
4,609
4, 554
4,965

38, 424
41, 198
41, 686
36, 898

31, 408
33, 542
33, 830
29,817

7,016
7,656
7;856
7,081

2,726
3,023
3,023
3,250

617
653
679
722

200
206
220
234

94, 550
97, 950
103, 445
107, 560

52.4
53.9
57.6
61.9

20.56
20.89
22.14
22.26

18.30
18.63
19.88
20.00

20.08
20.66
21.83
22.28

6,623

3,316

224

104, 065

59.3

i
l

1926
January
February
March
April

May.
June.
* Data on iron ore from the Lake Superior Iron (jre Association. Shipments represent movement of ore through the upper lake ports, including not only tonnage passing through the Sault Ste. Marie canals but also that from ports on Lake Michigan, thus representing over 85 per cent of the total iron ore mined. Receipts at ports
other than on Lake Erie are mostly at Chicago and vicinity and Detroit, the details by ports being shown in the monthly reports of the association, which also give by
districts the consumption data. Monthly data on stocks and consumption from 1921 are given in June, 1923, issue of the SURVEY (No. 22), page 49.
2 Furnaces reporting vary in number from 319 to 341. Beginning with June, 1922, reports from 15 Canadian furnaces are included.
3 Wholesale prices, except composite average, are averages of weekly quotations taken from U. S. Department of Labor, Bureau of Labor Statistics. Monthlv prices of
basic pig iron from 1920 in June, 1922, issue (No. 10), page 42.
4
Pig-iron production and blast furnace data comprising practically the entire output, except that made with charcoal, from the Iron Age. Monthly data from 1913 on
all items appeared in February, 1925, issue of the SURVEY (No. 42), p. 44.
6 The composite pig-iron price, compiled by the American Metal Market, is the average of daily prices of 10 tons of iron distributed as follows: One ton each of Bessemer
Valley; No. 2 foundry valley; No. 2 X foundry at Philadelphia and at Buffalo; No. 2 foundry at Cleveland and at Chicago; two tons each of basic valley and No. 2
Southern foundry at Cincinnati.
e Compiled from data reported by the Iron Age by subtracting the figures on pig iron produced by steel mills from the total pig-iron production figures, thus obtaining
data7 on the total output of merchant pig iron.
Seven months' average, June to December, inclusive.




38

Table 13.—CRUDE STEEL

YEAR AND MONTH

1913
1914
1915
1916
1917
1918
1919

mo
mo
mo
mo
mo
mo
mo

Production

Total

2, 523, 344
1, 901, 649
2, 607, 018
3, 450, 160
3. 034. 933

Sailroad

•w

isfi
.2
'a

£8
»s

!

^
^
O

H, i

73

24,096 j 28,005 || 5,907 j 11,432
18,127 ! 21,332 i 4, 115 !

WHOLESALE FRICES
>0

„, i» A;

*5

!*§ III! «
SSS
A

1

l%
III
GG

9*

1-5! 1

Jill S
"^£j 2

Composite
steel "

j Production I
!

Unfilled orders

BUJUJUTS— ULiUJU, »LA«JI1, AND UAL<V AN1ZED 4

Sales

U. S. STEEL!
CORP.3 !

Shipments

STEEL CASTINGSBOOKINGS 2

Unsold stocks

STEEL
INGOTS i

26.32
22. 92
24.76
40. 50
70. 10
51. 95
50.37

i, 118 i 55.845 I 8,63

in,
85, 409
190, 864
222 904

36,352 j

4,324

13,766

13, S03
13, 444
13, 909
14, 399
48, 827
61, 044
69, 638

i 295

810

j 3i&,; 11
! 336,021

262, 050
332,211
294, 600
293. .">79

286, 029
403, 491
P70,361 i
319,504 '

1
Yearly figures represent the monthly averages of total production of all companies as compiled annually by the American Iron and Steel Institute. The institute
reported up to 1923 monthly production figures for 30 companies which produced 84.4 per cent of the total output of_the country in 1920, 87.48 per cent in 1921, and 84.15
per cent in 1922. In order to make the monthly figures comparable they have been calculated to a 100 per cent production each year on the basis of the above percentages.
The figures since 1922 are calculated on the basis of reports from companies which produced 95.35 per cent of the total production in 1922, 94.84 per cent in 1923, and 94.43
per cent in 1924, the total computations to 100 per cent being made by the American Iron and ^Stecl Institute. Data for 1925 and 1926 are prorated on the 1924 percentage.
Monthly data, beginning with inauguration of monthly figures in 1917, are given in April, 1921, issue (No. 24), page 61.
2
Bookings of commercial steel castings reported by the Steel Founders Society and principal nonmember firms to the U. S. Department of Commerce, Bureau of the
Census. Reports are by 68 identical firms with a capacity of 100,400 tons per month, of which 43,000 tons are usually devoted to railway specialties. This represents over
two-thirds of the castings capacity of the United States devoted to commercial castings (as distinguished from eastings used in further manufacture in the same plant;.
Prior to 1920 figures for companies representing about 6 per cent of the miscellaneous castings are not available and the totals of this class have been prorated by that
amount for these years in order to afford comparison with later years. In July, 1923, two companies, with a combined capacity of 785 tons per month devoted to miscellaneous castings ceased operations. Railway specialties include such items as bolsters, side arms, draft arms, couplers, and cast-steel car wheels, and are reported by
identical firms throughout. Monthly data from 1920 appeared in April, 1925, issue ( N o . 44), page 27.
3 Unfilled orders of steel and earnings reported by the United States Steel Corporation. Monthly unfilled orders, 1913-1921, are given in December, 1922, issue (No. 16),
page 47.

•Shapes, black galvanized and blue annealed sheets, tin plates, wire nails, and black pipe. Pig iron average, in turn,, is average of 13 different quotations. Monthly data,
1913-1922, given in April. 1923, issue (No. 20), page 48.
7
The figures for composite steel compiled by the American Metal Market represent the daily average price per pound of steei products weighted as follows: 2V-2-pound
bars, l>2-poiind plates, m-pound shapes, I 1 2-pound pipe, l^-pound wire nails, 1-pound galvanized sheets, and >2-pound tin plate.




39

Table 14.—FABRICATED STEEL PRODUCTS
FABRICATED
STEEL PL ATE?

FABRICATED
STRUCTURAL STEEL i
Bookings

Bookings

! Shipments

YEAR AND
MONTH

Imports

Exports

pitted
total

e
r p f°

Computed

P.ct.
SecaStorage)
pac- j Total tanks lected
stems
Ity

Short
tons

I Per
i cent
i

Short
tons

For
cent

{fa

STEEL FURNITURE *

IRON AND STEEL a

Shor tons

Total

Shelving

Business group
Shipments

Totai

Unfilled
orders,
end of
mo,

Orders
received

Unfilled
orders,
end of
mo.

Ship- Orders
ments received

Dollars

Long tons
|

! '13 mo. av._
i"l ( mo. JA
r>i " nio. av__
• f 'U' mo. av__
' '!'/ mo. a\ __
!'»[ , T^O. 1\ __

!'U9 mo. av
1920
1921
1922
1923
1924

mo. av_.
mo. av__
mo. av..
mo. av...
mo. av..

105, 000
105, 500
149, 800
153, 180
138, 600
136, 640
133. 560
140, 400
92, 750
181, 760
183, 588
202, 414
226, 208

1

50
50
70
69
60
56
53
54
35
64
64
69
74

i: 228, so]

!

. .

26, 556
4 027
23 533
?5. 906
l)

120. 123

!

(

2 )3 207
'•
'
i

503, 971
536. 980
! 4-14. S35
30(5. 663

|

i

i

188, 741
03]., 292

70
76

(

44,920
24,677
26,092 i 10,281
27, 137 ': 7, 295 j

26.. 974 .

.

14 05? h
26,837 '

__

36.626 1 ;

412, 030
183, 980
139, 473
135, 443
123, 128
112,809

._
166. 653

10,083
60, 762

150, 580
146, 381

39 845 ji
70, 139 i

.

'

.

.__.

.

.

1, 951, 9fi2

1, 989, 660

1, 454, 498

556. 493

579, 185

482, 843

471, 390
415, 163
595, 167
881, 364
549, 120 i 526, 707
650, 923
596, P34

334, 485
327, 455
469, 315
364, 813

361,268
453, 358
515, 434
436, 048

j
{
i

!

1924
\r ,t
lune -_„ „ _ _

» rt \) r

__

Detemo i _ _ _

1925
January
March
Vp r il
Ma 7 J une
July

80
65
69
59

210, 960
216, 820
231,470
208,030

72
74
79
71

25,233
29, 232
21,798
32,315

4,951
15, 757
11,311
15, 827

128, 685
117,803
110, 055
117, 243

155, 422
165, 047
138, 553
136, 025

47, 335
53 362
?5, 3 -"2
39, 730

i<>3,380
,93, >0
V 120
JU, 170

66
66
84
79

216,820
225,610
190, *oO
181 51-0 i

74 '
77
ou
63

20, 386
24, 182
34, 153
49, 559

10, 823
8, 191
12, 787
26, 445

108, 725
132, 448
97, 187
101, 889

135, 894
158, 553
124, 464
129, 455

36, 269
37, 119
30,411
65,511

1, 519, 078
1, 783, 162
1, 678, 636
1, 872, 677

1, 589, 994
1, 761, 431
1, 615, 912
1, 914, 038

1, 193,
1, 184,
1, 216,
1, 220,

173, 850
176, 900
,210, 450
231,800

Vie;' -1

175, 800
190, 450
202, 170
172, 870

57
58
69

176,900
189, 100
225, 700 i
231, 800

58
€2
74
76

27, 064
20, 605
22, 502

4,314
3, 321
2, 908
fi, 547

116,
77,
128,
122,

141,777
102, 299
155, 384
155, 375

72, 921
85, 872 j
84, 370
05, 649 j

1, 972, 137
1, 939, 097
2, 027, 853
2r 009, 199

2, 206, 952
1, 986, 151
2, 012, 322
I, 964, 959

1, 455, 890
1, 501, 460
1, 482, 859
1, 466, 428

517, 363
413, 514
539, 972
650, 7o9 |
i

207, 400
252, 300
247, 050
237 900

68
86
81
78

231850 j
234, 850
253, 150
247, 050

77
77
83
81

34, 402
29, 242
29, 261

1 12, 290
99, 624
110, 122
145, 382

150,
136,
139,
188,

82, 223 i
76, 403
50, 618
57, 099 i

1, 918,
1, 805,
1, 810,
1, 688,

1, 855, 552
1, 792, 656
1, 823, 435
1, 664, 649

1, 383,
1, 390,
1, 445,
1, 358,

424
540
897
386

54Q, 272
523, 420
514, 117 | 501, 182
482, 187 ] 510, 815
452, 716
516, 694

372,
360,
398,
447,

247, 050
274, 500
216, 550
22S, 750

81
90
71

244,000
271, 450
225, 700
240, 950

80
89
74
79

23, 988
28, 338
28, 557
31,395

106, 462
99, 504
128, 419
108, 866

136, 791
141, 817
171, 134
142, 209

61, 015
69, 280
70, 556
85, 652

1, 816, 484
2, 130, 498
i, 885, 505
2,418,577

i, 989, 769
2, 170, 076
1,975, 117
2, 454, 277

1, 535,
1, 406,
1, 496,
1, 531,

231
117
242
505

542, 173
622,471
574, 905
788, 461

511,689
626, 933
739,831
570, 941

715
989
154
186

!

..

September __
October
November- _
December...

193G
January
Februarv
March
\pril

8, 503
16, 327
6,381
7, 500

8,458 i
8, 076
7,492
7,714

612
847
861
•165

521, 877
530, 286
005, 754
5<>6,S:U

624, 676
730,911
686, 814
620, 947

296
089
973
255

i
!

,

!

1

i

;

i

!

:

1

Mav
June

869
599
754
965

871
731
144
232

1

j

|

1

1
j

!

1
Fibril a ted sfiu^tui il steel dati compiled by the jJudgc Builders and b*ri> tuiul <Soc« ty »p tu Vpi i, 1922, and <= nee then by U. S. Department of Commerce, Bureau of
the Cn w/6, including tpoit* fiomthe Structural Me*I c Society Poicf-ntages of Ldpauty cilculiUd Irom r< oorts of (lie Bridge Builders and Structural Society up to April, 1922,
and inched to dt-tiaiart 11 )t )1 c ipacity each year b i t,d on a, special fc'ii ve> bv the Bureau of the ( c <. i\ is published in the February, 1925, issue (No. 42), p. 14. Beginning \ ith -vi il, 1JJ2, i ^poits received fiom 200 finus (.ml in a Idition 1*. nuns now out 01 ousmess) with a total capacity of 249,735 tons in 1922, 247,855 tons in 1923, 255,525
ton* in 1924, t >nd 2( 2,b9 to/', in 1925, ha\e been p.oiated to the Cotim ited total capacJt/ of the LnJted Siateo, 284,000 tons in 1922 and 285,000 tons in 1923, 293,000 tons in
19.ii, and 3u5,OuO t M. in 1V5, ioi commnson wi'h pi^io "3 fk,mps
2
Compiled by Ue U. S D<IKL, thu nf of Cowmtrce, Bunai t f t h Cenw*, uom lepoito oJ \5 identic a ai'ns, including most of the larger fabricators. Data for other classifications iBemded in the tot il PO\eiing lefineiy, tank cai-j, j. a Loldeio, bl ist iuinaces, and miv j 'l, >r o<io, includirg stocks and ladies, but not separately shown, are given on
pic^s rele ' j^'-iJud by ^he Biaeau of the Census.
5
Ji on and st'\K \rojlsanuiinpOiL fiomJief/" ^ I) lutti^ntof Comment, Buiec i of Foreign ituilj>o le^tic Com> ifrce The export column designated "Selected items"
an 1 *PO nnnriis a^e b latd. on tlie Moup oi pig UO T J «nvl r, Jed piodui Is
u >d in tbo Iron, Tnde R >en , c<vnpaiable each month back to 1913. Beginning with January,
1922, c'lKomii oditiesa'f civen in quaiititua in die e ^poit lepoics, anJ tliiis i ^iarid t<j.tai c in be pr<;30"*\te 1 in tl e column showing total exports, as compiled by the U. S.
Dr pan ine tit of Commerce, Bureau, of Fofujibdiid Don *>tic Cuwweice. Monthly < ^ t i liom l9JOaio gi\en in June, T 922, issue (No. 10), p. 42.
r
lhese dita, compiled by hie £ <S Hipanihei t of Com ,ince, Buicau of tnt Cen<>t">, including i 'poito fion^ tnc National Association of Steel Furniture Manufacturers,
aieba^eJ onrepo r tsfr(>in ^comp IIIK 3 in the "busme^^i up" tnc1 l ) c o m p i m b imnutictui ing sh f h in $, compriairg the entire industry, with few exceptions. Previous to
Sept mbti, ly1!, (t he " business g oup" data were Irom 22 iic nufactareio oaij, which formed SO pa ctm oi the " business group" totals for 32 companies in the period from
Sti ^ m t , 19z ,lj > M iy, 1923 M mthly data for the 22 oonupdme^' shipmciits fiom 1L19 are gi^en m March, 1923, issue (No. 19), p. 45 and the later data in the November,
li?_' ( x^uo (Ao ! p oO. The '' uiismess gioup" includes sections, counters, office and r,aiilt vertical^, ^ales and inteuors, desks and tables, and small miscellaneous articles,
exclusive of lockers.




40

Table 15.—IRON PRODUCTS AND ARSENIC
OHIO FOUNDRY IRON 1

MALLEABLE CASTINGS 3

STEEL BARRELS 2

Production

Meltings

YEAR AND
MONTH

ReTotal ceipts ProducRatio st'ks
tion
of
Actual to noriron
mal
Long
tons

1921 mo. av_ e 7, 791
1922 mo. av. 12, 183
1923 mo. av. 20, 497
1924 mo. av. 19, 014
1925 mo. av. 18,632

Per cent of normal
meltings
620.7
51.8
73.8
67.6
77.8

93
89
85
91

37
58
52
65

Ship- Stocks,
end of
ments month

Unfilled
orders,
end of
month

Total

Short
tons

Barrels

FARM
IMPLEM'TS *

ARSENIC s

Crude

Refined

Ship- Orders
Ratio ments booked Sales Pro- Stocks, Pro- Stocks,
in
to caNorth- duc- end of due- end of
pacity
mo.
tion
tion
mo.
west
Per
cent

Short tons

Thous.
of dols.

Short tons

$1.450

393, 800
503, 888

393, 535
504,304

49, 845
7£6, 963
52,614 jl, 169, 763

1923
September
October
November. .
December..

18, 774
21, 458
20, 051
14, 571

71.5
68.1
70.3
57.6

86
77
82
94

49
52
48
45

1924
January
February...
March
April

20, 520
23,137
23, 331
23, 470

74.4
74.1
79.9
74.6

85
78
84
87

57
60
59
51

307, 189
370, 966
394, 478
416, 628

303, 668
362, 725
394, 756
420, 129

49, 109
57, 350
57, 072
53, 571

May
June
July
August

22,586
20, 251
18, 658
15, 403

75.0
72.0
62.5
54.2

82
87
85
87

44
51
49
42

418, 381
385, 155
398, 397
396, 112

425, 397
382, 550
407, 258
398, 312

46, 555
49, 160
47, 629
45,429

September. .
October
November..
December..

14, 721
15, 407
16, 209
14, 471

54.5
64.5
62.8
63.0

83
85
98
76

41
52
60
57

385, 212
447, 900
391, 401
413, 785

1935
January
February...
March
April

16, 516
17,605
21, 035
19, 954

70.7
71.4
74.9
74.0

94
106
94
92

72
58
64
54

May__
June..
July.
August

20, 311
19, 940
17, 117
15, 353

77.8
73.0
85.3
76.8

108
84
84
79

September..
October
November..
December..

19,125
25,002
15, 953
15, 678

84.3
92.5
75.4
77.9

88
92
83
88

' 59, 052 v 58. 2 < 57, 241 ' 41, 204
46. 0 47, 951 45, 795
49, 201
57, 829
54. 7 | 54, 747 51,037

1,393
1, 657
2,325

2,924
3,575

1,072
1, 519
923

742
3, 268
7,034

667
1,139
1,528
1,646

1, 497
697

901
751
1,435
1,573

60, 830
62, 238
52, 727
49, 691

59.8
59.9
49.1
46.7

59, 3C1
£9, 129
49, 426
46, 600

36, 591
48,621
37, 231
44, 962

1,441
968
444
569

615, 485
608, 660
601, 663
614, 102

64, 339
66, 436
69, 574
56, 897

58.7
62.1
65.6
53.3

66, 472
60, 112
62, 675
55, 671

73, 921
62, 593
58, 315
44, 422

346
639
1,368
1,235

1, 507
1,369
1, 566
1,819

2,393
2,194
1,963
2, 152

1,901
1,399
1,791
1,656

1,101
1,169
1,624
1,856

582, 022
421, 870
519, 034
715,480

48, 552
33, 323
30, 070
34,350

45.5
31.5
28.3
32.4

51, 924
37, 821
35, 256
35, 653

29, 085
22, 330
29, 190
32, 501

1,487
1 , 676
3, 639
3,772

1,746
1,761
1,726
1,502

2,448
2,866
3,049
3,222

1,487
1,486
1,622
1,674

2,056
2,164
2,685
3,755

389, 064
441, 851
389, 230
407, 474

905, 870
41, 577
682, 533
47, 626
49, 797 1, 230, 808
53, 265 1, 586, 034

39, 261
47, 305
45, 279
55, 028

36.9
44.0
42.5
51.3

37, 617
42, 271
41, 657
48, 281

44, 884
52, 485
46, 512
53, 297

2,802
1, 438
784
699

1,323
1, 129
1,280
1,240

3,448
3,475
3,730
4,151

1, 385 4,708
1,224 5,181
1,467 6, 245
1, 141 6,676

420, 127
413, 823
505, 429
594, 971

415, 040
407, 781
510, 928
605, 424

59, 277
64, 402
57, 603
47, 048

1, 374, 274
1, 336, 124
1. 264, 860
1, 137, 552

62, 829
56, 399
57, 304
59, 046

58.6
53.4
53.6
55.4

55, 672
57, 042
58, 999
58, 610

58, 047
46, 193
52, 962
54, 145

639
1,318
2,293
2,334

978
1,224
946
684

4,276
4,651
4,394
3,881

1,269
1,218
1, 301
1,210

6,997
7,204
7,055
6,913

59
51
70
61

570, 962
514, 913
497, 152
498, 449

569, 670
508, 880
506, 894
495, 736

48, 340
950, 353
852, 594
54, 373
44,631 1, 109, 383
48, 052 1,114,667

57, 289
55, 143
53, 450
53, 221

54.3
51.6
50.1
50.0

57, 260
54, 510
51, 384
49, 486

47, 247
44,026
52, 916
45, 142

2,009
2,454
7,006
5,109

507
752
516
672

3,384
3,193
3,091
3,233

461
1.317
804
749

6,505
7,018
7,085
7,190

78
69
68
74

510, 869
553, 545
498, 929
467, 485

503, 221
555, 981
498, 070
474, 742

55, 184 1, 012, 576
890, 904
52, 748
53, 607 1, 248, 545
46,100 1,745,346

54, 943
64, 216
58, 315
61,791

51.7
61.3
56.8
59.5

50, 621
55, 795
51, 866
55, 713

46, 530
61, 778
52, 053
51,400

2,530
1,495
CO
716

511
517
492
563

3,003
3,143
3,346
3,305

866
728
503
646

7,493
7,476
6,997
6,469

1926
January
February
March
April
May
June
1
Data on gray iron foundries in Ohio from Ohio State Foundryjnen's Association, comprising reports from 40 to 70 firms each month. Owing to the varying capacity of
the firms reporting each month, from 20,000 to 31,000 tons, the data on stocks and receipts have been converted to a percentage basis for better comparison. Details as to
classes of receipts and stocks are shown on the associations reports.
2
Compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 30 identical establishments, operating 35 plants. Data on shipments, unfilled
orders, and new orders of the Steel Barrel Manufacturers Association for 1921 to 1923 appeared in February, 1924, issue (No. 30), p. 77, while orders data for 1920 may be found
in September, 1923, issue (No. 25), p. 54.
3
Compiled by the U. S. Department of Commerce, Bureau of the Census, representing reports from 130 identical establishments, covering most of the industry. The
bookings, however, are furnished by only 122 firms.
4
Farm implement sales at wholesale in the Northwest by seven large implement manufacturers, compiled by Federal Reserve Bank of Minneapolis, include plows,
harrows, and packers, drills and planters, mowers, rakes, binders and headers, hullers, potato diggers, beet lifters, gas engines, tractors, threshing machines, binder twine,
spray material, ensilage cutters, blowers, feed and fanning mills, concrete mixers, wagons and trucks, manure spreaders and litter carriers, wheelbarrows, silos, tubs, tanks,
dairy and barn equipment, pumps, sprayers, windmills, etc.
fi Compiled by the American Bureau of Metal Statistics. Figures on crude arsenic cover this element in its primary state while those on refined arsenic cover this commodity as derived from the crude. Stocks are those in producers' hands at the end of each month.
e Ten months' average, March to December, inclusive.
' Seven months' average.
8
Credits, allowances, and refunds exceeded sales in this month by $2,630.




41

Table 16.—MACHINERY
PUMPS
Agricultural

3

Steam, power, and
centrifugal 4

Shipments
YEAR AND
MONTH
Electric

Total

Orders Pitcher,
on
hand
hand,
and
end of windmonth 1 mill

Shipments

Sales

i

|

1919 mo av !
1920 mo. a v _ _ _
1921 mo. av
1922 mo. av__.
1923mo.av-_
1924 mo. a v _ _ _
1925 mo. av .

74, 071
34, 691
48, 203
59, 036
60, 741

47, 128
24, 117
35, 244
46, 197
51, 020

Total

'

UnNew Ship- filled
orders ments orders

Dollars

and

Number

Dollars

No. of machines

Power
hydropneumatic

Thousands of dollars

MACHINE
STOKERS 6 TOOLS
(7)

PATENTS
GRANTED 5

Agricultural
implements 8
Internalcombustion
engines

FOUNDRY
EQUIPMENT 2

Total,
all classes

WASHINGMACHINE
SALES i

New

orders
index

Num-] Total
ber
h. p.

Number

Sales

Rol. to
1922-24

$1, 659
2, 045
859
3
1,157
$369,816 ! 9 51, 566 9 3, 143 i fl 552, 111
49, 804 3, 349 | 592, 855 1, 464
5^6 575
469, 183 3 45, 908 8 2, 846 | 3 530, 057
1, 099
1,430
_i

$1, 290
1, 945
1,176
1,031
1,531
1,136
1, 375

$5, 973
9, 709
4,785
3,807
5, 192
2, 438
3,001

3, 073
3,097
3, 157
3,201
3, 219
3,550
3,871

68
65
57
49
49
52
61

65
73
55
50
59
58
63

234
183
73
130
122
94
112

52, 732
65,919
27, 262
60, 409
60,871
42, 857
46, 111

261
202
38
77
134
94
150

1,071
1,046
1, 267
1,372

1, 081
1,099
1,211
1, 298

2,706
2, 663
2,709
2, 751

3,380
2,980
3,105
4,089

42
42
48
56

42
51
40
63

91
110
89
89

66, 492
62, 113
34, 597
47, 939

112
122
131
107

1,288
1, 006
1,015
988

1,304
1,315
1, 065
945

2, 704
2,369
2,269
2,330

3, 428
3,346
4,137
3,270

44
45
62
49

48
42
85
62

64
102
115
94

34, 447
35, 549
37, 759
41,931

88
64
73
71

$610, 503

!!

8 $97, 284 s $101,843
275, 955 256, 869
402, 693 379, 464
312, 256
306, 315
i

ii

!

1924
January..
February
March
April.

50, 472
59, 928
69, 061
66, 543

42, 271
49, 107
57, 469
55, 654

418,917
386, 747
387, 579
374, 773

315, 684
345, 492
389, 800
430, 479

589, 137
614, 579
600, 251
520, 381

May
June
July
August

60, 653
53, 031
53, 951
65, 457

51, 285
44, 494
45, 352
56, 066

285, 217
295, 050
201, 875
237, 410

335, 450
287, 917
276, 702
284, 150

536, 802
513, 001
410, 694
378, 016

September
October
November
December

67, 994
67, 925
57, 301
56, 576

57, 883
57, 533
48, 072
46, 878

219, 279
259, 871
284, 617
397, 738

233, 854
252, 580
203, 558
320, 109

327, 291
329, 061
399,325
431, 656

36, 988
47, 177
39, 437
42, 763

2,189
2,380
2, 494
2, 204

1
443, 636
494, 931
483. 668
466,067 !

973
1,001
873
1,293

997
1, 152
1,023
1, 145

2,264
2, 197
2,052
2, 247

3, 721
3,276
3,512
4, 350

63
56
54
62

60
70
68
67

73
104
106
91

25, 988
58, 565
37, 167
31, 732

74
95
89
104

1925
January
February
March
April

57, 305
66, 720
73, 739
77, 004

46, 207
53, 038
61, 108
62, 925

304, 725
326, 887
469, 325
345, 908

305, 581
277, 856
348, 590
325, 952

421, 918
59,815
446, 985 | 60, 030
539, 540
58, 327
539, 232
56, 288

2, 213
2, 539
2,964
3,550

522, 995
516, 966
545, 812
604, 393

1, 148
1,088
1, 542
1,471

946
1,067
1,319
1,354

2, 417
2,422
2,627
2, 975

3,057
3,320
4,146
3,933

54
45
77
71

50
60
83
62

57
135
131
120

27, 871
46, 298
71, 099
47, 627

104
114
134
131

May
June
July
August

76, 200
77, 515
76, 267
78, 539

63, 380
64, 302
65, 495
64, 040

332, 175
334, 424
353, 561
580, 865

407, 340
318, 442
352, 603
388, 371

463,431
460, 383
457, 925
508, 143

57, 665
60, 344
59, 360
63, 995

3, 136
3,413
3,151
3,289

600, 766
627, 448
597, 720 j
636, 353

1, 463
1,661
1, 563
1,791

1,392
1, 539
1,498
1,428

3,031
3, 150
3,212
3, 530

3,773
4,724
3,477
3,513

79
69
57
50

92
90
48
58

122
128
147
91

55,588
44, 095
58, 719
29, 865

135
159
153
161

September
October .
November
December

78, 774
75, 577
73, 746

66, 601
63, 607
62, 276

296, 438
424, 054
480, 328

351, 127
400, 646
414, 148

544, 042
518, 795
593, 456

62, 944
68, 152

2,909
3, 666

643, 338
661, 503

1,323
1,481
1,289
1,336

1, 461
1,582
1,290
1,625

3,378
3, 252
3,256
2,765

4,281
3, 725
3,777
4,726

68
63
48
48

57
59
53
43

119
114
76
108

38, 155
53, 451
33, 461
47, 104

149
208
189
162

j

1926
January
February, __ _ j _
March
April
May
June

52, 844
50, 056
55, 663
42, 339

2, 798
3. 065
3,654
3, 986

537, 762
575, 530
630, 288
608, 576

1

,

1

1

!
i

i

!___

_ i

1

Compiled by the American Washing Machine Manufacturers' Association from reports of 48 members representing practically the entire industry in the United States
and Canada. Data for 7 small firms have been estimated to make the compilation complete. Monthly data from 1920, showing electric, gas, and power, water-power, and
hand machines, separately, are given in November, 1924, issue (No. 39), p. 97.
2
Data reported by 11 members of the Foundry Equipment Manufacturers' Association, said to represent 65 to 70 per cent of the foundry equipment industry. The principal products are molding machines, sand-cutting machines, sand-blast machines, tumbling barrels, sand-mixing machines, cupolas, ladles, core-making machines, etc.
3
Compiled by the Federal Reserve Bank of Chicago, covering 22 firms, until 1924, since when only 19 firms have reported; the total shipments include, besides the articles
shown in other two columns, the value of cylinders shipped separately. Comparable data for May, June, July, and August, 1924, are n9t available, several firms having
failed to report. Details for each class, segregated as to foreign and domestic shipments, are shown separately in the monthly summaries of the Federal Reserve Bank of
Chicago.
4
Data from the Hydraulic Society, covering about two-thirds of the industry, on which monthly data back to January, 1919, may be found in the September, 1923, issue
(No. 25), pp. 54-57. The association reports give data by classes, showing single steam, double steam, power, and centrifugal. The number of firms reporting has gradually 5increased from 14 in 1919 to 23 in 1925.
Patents granted compiled from the official records on file in the U. S. Department of Commerce, U. S. Patent Office, Division of Publications; inasmuch as patents are
granted on Tuesdays only, the number of patents shown for a given month represents the total of either four or five Tuesdays. Monthly data from 1913 appeared in April,
1923, issue (No. 20), p. 48, except for internal-combustion engines, which appeared in June, 1923, issue (No. 22), p. 52. Agricultural implements patents fall within the official
classification of "Agricultural implements; planters, harrows and diggers, plows, harvesters, scattering unloaders, and threshing implements." Annual averages from
19136to 1918 appeared in February, 1925, issue (No. 42), p. 64.
Stoker sales through December, 1922, from the Stoker Manufacturers' Association, said to represent approximately 99 per cent of the industry; beginning with January,
1923, from reports to U. S. Department of Commerce, Bureau of the Census, from 13 manufacturers, representing practically the entire industry (15 prior to August, 1924,
when 4 establishments consolidated into 2). Monthly data from 1920 appeared in September, 1922, issue (No. 13), p. 48. Press releases show segregation as to installation
under fire-tube or water-tube boilers.
7
Compiled by the National Machine Tool Builders' Association, including quantity reports from between 50 and 60 firms, said to represent about one-third of the industry. This index, based on average monthly shipments for the years 1922 to 1924 as 100, covers gross new orders, and is substituted for the index previously published, based
on 1920 as 100. The association reports give detailed index numbers by sizes of firms but no numerical data. Detailed shipments data, since discontinued, appeared on p.
55 of the April, 1924, issue (No. 32).
8
9
Eight months' average.
Eleven months' average.




42

Table 17.—AUTOMOBILES
PRODUCTION i
Passenger cars

EXPORTS *
Trucks

United States

United CanStates ada

Total United CanStates ada

ofdol*'' 1

Number of cars

1913 monthly average
1914 monthly average
1915 monthly aver age. _.
1916 monthly average-..
1917 monthly average.. _
1918 monthly average...
1919 monthly average
1920
1921
1922
1923
1924
1925

3ft 45&
45 307 i
68, 218
124, 463
145, 066
77, 199
138, 138

1 . 958
2, 115 |
6 167
7, 500
10, 680
18, 938
26, 364

I

156 930
monthly average
127, 933
monthly average
monthly average.. . 198, 766
monthly average... 308, 547
monthly average. ... 271 897 262, 083 9,. 814
monthly average-. - 318, 137 306, 527 11, 609

Canada

i

Number of cars

2.157
1, 861
3, 489
5, 160
5, 480
3, 078
5, 595

286
1, 841
1, 577
1, 207
859
1. 299

1, 389
2,001
2. 635
2, 801
3,517

14, 304
3, 202
6, 546
12, CSS
14, 843
25, 245

11, 876
2, 579
5, 591
10, 586
12, 589
?0, 358

2, 42£
623
955
2.072
2, 255
4, 880

!

7., 183
3. 255
3, 191
4, 915
6, 086
7, 016

26, 837 1
32,272
_..
21, 182
32S 711
31, 445 29. 989 1, 457
41, 417 39, 577 1,840

472

Number :
of cars :

Thousands of iollars

:

• - < • * . - . - . , i!

i 2. l>41
! 2. 147
5, 330
6, 737
6, G87
3, 937
C, 894

:

FOREIGN !
AS,
SEMBLIES

ACCESsoComplete or chassis
Complete or chassis! Passenger Tr'ks R1ES
AccesAND
cars and j P'TS
sories
and wag- i
Pasand
PasTotal senger Tr'ks parts Total senger Tr'ks motor ons ! 6) "
cars
cycles
cars

1

YEAR AND MONTH
Total

INTERNALREVENUE
SALES'
TAXES
OF
ON 3—

:

''

'.

!

fi

1,006
1,912

6780
1. 633

6 226
279 i $5, 8 24 7$.!, 138 | rv,<-; riuQ

1, 918
893
3, 164
5,827
4,721
6, 182

1. 506
775
2, 950
4. 790
3,657
4,834

412
118
214
1,037
1, 064
1,349

6 967
4, 270
5,821
8,857
8, 427
9, 332

85 004
1, 263
687 ; 67, 474
70Q
58 923
909
861
697

G4, 336
58,017
76, 955

8. 851 .
ll.S'^2 ;
14, 981
•

1924
May
June
July
August

September
October
November
December

280., 324
22-\ 079
244, 544
2 '5 232

263, 528
260, 881
204, 343
182, 099

-

256,
254,
198,
174,

15, 291
10, 757
8, 619
5, 436

940
524
381
899

35, 314
29, 067
26, 391
28, 647

33, 561
28, 117
25, 284
27, 767

1, 753 17, 102
950 12. 341
J, 107 ! 11, 703
880 ! 13. 914

11363
10. 142
9, 946
12, 220

2,
2,
1,
1,

6, 588
6, 357
5, 962
7,200

271,033
214,322
235, 925
249, 796

31, 960
32, 475
27, 905
27, 542

30, 609
31, 205
26, 824
25, 852

1.351
1. 270
1, 081
1, 690

11,655
14, 373
11,619
10, 962

2, 306
2 724
1, 898
2, 098

13, 961
17, 097
13, 517
13, 060

739
199
757
694

11,539
8, 425
7, 606
6, 156

1, 098
917
902
702

751
1, 033
1, 453
924

9, 278
7, 469
4, 4S2
8, 586

545
1,391
522
301

75, 558
78, 678

563
560
581
596

5, 363
4, 636
4,319
3,147

4,
3,
3,
2,

302
512
519
575

1, 061
1, 124
800
572

4. 829
5, 534
5, 686
4, 799

2. 930
4, 514
5,805
4,772

2,
3,
4,
3,

179
481
352
847

5,
6,
5,
4,

i
j
!
j

60,
52.
59.
48,

324
06C
314
380

it. IS] ',
12, ',«7G
12, S9<i i
10,460 :

I
12, 019
J 2, 584

:

13, 075
11,574
15. 433
10, 279

:
;
:
':

72, 588

i

1925
January
February
M arch
April

_ 212,921 204, 620
242, 024
319, 140
375, 787

8, 301
10, 779
13,014
15, 515

28,
34,
45,
47,

141
410
698
823

20, 576
32, 717
43, 009
46, 247

1, 565
1, 693
2, 089
1, 576

17, 474
.16, 891
27, 993
28, 833

14, 492
14, 739
23, 265
23, 806

2,982
2, 152
4, 728
5, 027

4, 764
5,363
8. 450
8, 163

5, 174
5, 136
7, 573
5, 894

3,732
4, 008
6, 495
4,760

1,442
1, 128
1, 078
1,134

6, 599
5, 583
5, 749
11, 121

592
277
461
498

66, 279

252 803
332, 154
391, 302

June.-July
A ugust . .

382, 714
364, 806
358, 554
221, 831

364, 363
350, 557
347, 414
214, 401

18, 351
14, 249
11, 140
7, 430

43, 307
38, 056
41, 840
37, 770

41, 419
36; 262
39, 995
36? 284

1, 888
1,794
1, 845
1, 486

29, 871
20, 408
20. 859
33, 240

24, 5(52
17, 310
16, 567
26, 516

5, 309
3, 098
4, 292

9,081
7, 329
5, 704
6, 021

5, 753
6,081
4,284
4, 431

4, 633
4, 811
3,021
2, 985

1, 120
1,270
1, 263
1, 446

10, 028
11, 506
12, 333
10, 198

688
959
660
558

65, 653
91.118
73, 799
98,312

September
October
November
December

272. 425
406, 572
336, 358
285, 198

262, 053
392, 651
327, 617
277, 700

10, 372
13, 921
8,741
7, 498

60, 374
45, 914
39, 995
34, 270

57, 894
44, 220
37, 758
32, 542

2,480
1, 694
2, 237
1, 728

22,814
22. 562
28, 472
33, 520

18, 780
18, 487
21, 158
24, 619

4, 034
4, 075
7.314
8,901

7, 561
7, 521
6, 346
7,887 j

5, 547
7, 976
9. 323
7,015

4,030
6,229
7, 659
5, 642

1. 517
1, 747
1, 664
1,373

11,800
5, 089
12, 614
9,385

May

65, 953
64, 837

18, 237 !
16, 839
16, 1.94 i
•

1926
Januarv
February
March
April
May
June

..

1, 463 106, 763
11,817
580 66, 004
12, 713
438 90, 382
14. 727
1. 186 76, 791 ! 16, 651
i

i
i
i
|
'
i

_

- . . - . - . _ :
-

I
- - J

1

'

- i

!__

— _ _ .... - . _ . _ !

'
j

II

1

!

1

Monthly automobile production data beginning July, 1921, represent practically complete production, as compiled by the U. S. Departjnent of Commerce, Bureau of the
Census, including total membership of the National Automobile Chamber of Commerce. Annual figures through 1921 represent complete production as compiled by the
National Automobile Chamber of Commerce. Monthly figures from January, 1920, through June, 1921, have been estimated by the Cleveland Trust Co. on the basis of shipments
and are given in detail in the July, 1923, issue (No. 23) of the SURVEY. Total figures prior to 1924 are not strictly comparable with the data for 1924 and 1925, since a few
manufacturers were unable to furnish data for prior years covering their Canadian operations.
2 Automobile exports compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3
Data compiled by the U. S. Treasury Department, Bureau of Internal Revenue, represent internal-revenue taxes collected under the revenue acts of 1918,1921, and 1924.
For taxes on automobiles and motor cycle's ("including tires, inner tubes, parts, and accessories therefor, sold in connection therewith") the rate is 5 per cent, and payable
(No. 17), p. 51.
* Computed from tax collections by the U. S. Treasury Department, Bureau of Internal Revenue, which were at the rate of 5 per cent on "automobile accessories and
parts sold to any person other than a manufacturer of automobiles" under the act of 1921 and at the rate of 2^ per cent under the act of 1924 for goods of the same description. It should be noted that the data in this column have been computed to actual sales values and thus do not represent merely the taxes on those values; also tliai the
sales6 actually took place in the previous month.
Cars assembled in foreign countries except Canada by the principal American automobile manufacturers compiled by the U. S. Department of Commerce, Bureau of
Foreign and Domestic Commerce. These cars are not included in the production figures for the United States and Canada, nor in the exports of complete cars or chassis,
but 6
they are represented in the value of parts exported.
7
Nine months' average, April to December, inclusive.
Six months' average, July to December, inclusive.




43

Table 18.—MOTOR VEHICLES, FIRE EXTINGUISHERS, AND BABBITT METAL
ELECTRIC
TRUCKS AND
TRACTORS 2

NEW PASSENGER-CAB REGISTRATIONS
(by price groups) 1

:

Highest
price

Total

MisSecond Third Lowest cellahighest highest price neous

Domestic

Original
ports ecpiipTrac- All
ment
tors | other

Consumption

Shipments

Direct Sale to Motor
by
conveproduc- sum- hicles
ers
ers

Ac- I Service

Replacement
parts

Total
apparent
ment

Relative to Jan., 1925

No. of vehicles

Number of cars

FIRE
EXTINGUISHERS 6

i

Sales

Shipments
YEAR AND
MONTH

BABBITT METAL «

AUTOMOBILE
ACCESSORIES *

Hand
types

Number

Thousands of pounds

i

I...

1925 mo. av_...

16

,

|

92

156

120

! 153

124

101
138
183

11

100
86
95
107

100
121
159
193

100
122
162
149

5, 683
5, 165
5,644
5, 126

1,062
1, 061
1, 248
1,198

125

47, 491

4, 621
4,103
4, 396
3, 928

114
101
110
132

50, 528
42, 146
47, 679
51, 662

1, 177 ! 4, 094

I"' 2 7 1

!

1935
January
{ ifi4 "fiQ
February
158, 817
March
. . 249, 971
\pril
350, 533

4 024
4,053
6, 931
9, 144

31 193
30, 205
50, 176
68, 004

21 426
22, 143
36, 594
50, 069

104,512
98, 761
149, 839
214, 691

3, 614
3, 655
6,431 !
8, 625

May__June..
July
August

339, 794
309, 512
319,964
261, 307

8,340
8,011
8 290
8, 144

64, 703
55, 033
54 777
51,872

49, 441
47, 269
54, 967
49, 056

208, 833
193, 147
199. 003
150,457

September
October
November
December

193, 169
247, 002
193, 922

7,893
8, 663
6, 364

50, 468
47,814
33, 297

46,417
43, 918
29, 866

87, 073
145, 508
123, 612

1

r

—

3 42

3 251

341

8,477 |
6,052
2 927 '
i, 778 !

3 49

3 277

s 50

174
164
165
161

134
129
152
130

173
172
149
149

146
159
113
113

5, 082
5.075
5,184
5, 442

892
990
1,490
1, 373

4, 190
4, 085
3, 694
4, 069

138
137
148
127

49, 615
50, 590
49, 962
46, 201

1,318
.1,099
783

3 56
16
11
12

a 283
107
101
85

'12
5
9
10

179
214
149
141

100
131
133
145

155
163
158
146

123
100
96
110

4,621
5, 550
4,955
5,727

1,041
1,380
1,421
969

3,580
4, 170
3, 534
4,758

121
119
121
134

48, 826
46, 622
41,659
44, 386

18

86

3

1926
January
February
March
April

i
i

i

d
Quarter ending in month indicated.
4
Sales of automobile accessories and parts shipped to customers by 75 members of the Motor and Accessory Manufacturers' Association, the relatiive numbers being
based on value, with January, 1925, as 100.
Ai
s Compiled by the U. S. Department of Commerce, Bureau of the Census, from ^jt,^.,~ of -. f— — ^
^ -* "" firms. Consumption ^ -1--1--~- *
— is calculated from sales ^ manufacturers and con'-- by
,, ..^^ reports ^ 27 ~—
', '--important
mption by those firms (among them several important railroad systems) wno consume their own production. These figures include all white-base friction-bearing metal.
who
6
Data on shipments of fire extinguishers compiled from reports of 33 companies to the U. S. Department of Commerce, Bureau of the Census. Further details by classes
are given on press releases. Data compiled by the Fire Extinguisher Exchange from January, 1922, through September, 1923, appeared in May, 1924, issue (No. 33), p. 81.

Table 19.—NATIONAL ADVERTISING IN NEWSPAPERS

YEAR AND
MONTH

Total

Food,
House- Men's Musi- Radio
Auto- Auto- Cigars,
cigacal
and
mobile mobile rettes, Finan- grocer- Hotels hold clothand furniies,
elecadver- accrescial
ing instru- trical
bever- resorts ture
and
ments
tising sories tobacco
ages

Railroads
and
steamships

Sh

»es

Toilet
articles Worn- Miscellamtdical ens
i prepa- ware neous
j rations

Thousands of lines

1925 mo. av.2

24, 730

4,624

1,259

1, 435

1935
June
July
August

24, 030
18, 934
20, 380

3,299
3,849
6,276

1,749
1,382
1,244

September
October
November
December

24, 925
33, 415
30, 695
20, 733

5,246
5,616
5,023
3,058

1,488
1,376
1,041
530

932

3, 563

530

5Q2

331

154

1,294

1,748

217

4,289

158

3,409

1,210
1,332
1,048'

1,075
997
653

4,269
3,972
2,603

953
883
464

426
205
426

507
209
75

107
38
49

407
292
312

2,530
2,011
1,570

246
133
42

3, 561
3, 368
2, 990

84
34
31

3,606
229
2,594

892
1,838
2,199
1,525

903
1,023
906
967

2,922
4,606
4,183
2, 383

221
291
396
499

1, 037
1,153
591
303

393
578
375
180

69
232
353
227

1,001
2,056
2,498
2,490

1,475
1,467
1,532
1,649

244
294
256
307

3, 844
6, 303
6, 584
3,371

236
422
232
68

4,697
5,038
4,525
3,176

1926
January
February
March
April
1
1

:

»f
Compiled by Printers Ink, showing the amount of national advertising of various classes appearing in newspapers ol 44 identical i
lieved to represent from 15 to 20 per cent of the total advertising appearing in newspapers.
2
Seven-months' average, June to December, inclusive.




i

1

National advertising is be-

44

Table 20.—COPPER AND BRASS
COPPER

PLUMBING FIXTURES
Stocks, end mo. 10 Price
(N.aiid S.America) Ingots

Production
YEAR AND MONTH
Mine *

World 7 DomesExtic
produc- shipports
Refined «
tion,
Smel- (N.andS. blister ments refined
ter 5
refined s
America)

trofytiJ
Blister (New |i
York)n

9

Refined

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

51, 487
47, 851
62, 003
83 578
78, 976
79, 584
50, 514

51, 020
47, 922
57, 834
80 327
78, 588
79, 522
53, 601

1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly

51, 023
19, 667
41, 154
61, 564
66, 115
70, 126

50, 378
23, 938
47, 131
69, 478
74, 872
79,011

69, 615
44, 766
65, 736
96, 990
108, 361

1924
September
October
November
December

63, 800
68, 989
68, 291
67, 647

74,390
81, COS
74,975
75,333

| 106,026
j i s i l l , 224
i«lll,224
!ifllll,224

1925
January
Februarv
March. _ __
April

74, 789
68, 967
74, 901
70, 667

82,676 ' 16 109, 241
78,237 16 109. 240
87, 109 is 109, 241
79, 149 16 112, 434

130, 310
122, 975
135, 359
124, 510

70, 574
69, 894
68, 507
68, 090

77, 041 16 112, 434
76, 587 16 112, 434
114, 182
76, 335
72, 861
110, 029

126, 236 16 64, 726
125, 685 16 64, 725
124, 926
65, 208
122, 618
73, 740

67, 720
70, 819
67,400
69, 178

76, 571
83, 239
79, 292
79, 030

108, 426
121, 639
113, 474

125, 206
138, 634
133, 173

119,535

131,276

average
average
average
average
average
average

May
June
July
August

_ __

__
..

September _ _
October
November
December...

1926
January
Februarv. _ _
March.. _ ...
April

.

31 QOf,

46, 194
30, 398
21, 413 12351.061

77, 300

112,692

52, 179
25, G05
45, 829
61, 293
62, 782
68, 893

25, 888
26, 178
30, 584
34, 049
45, 813
44,151

47, 726
129, 547 16 58, 402
122, 008 16 58, 402
125, 939 16 58, 402

49, 346
45, 528
51, 830
48, 160

79, 553
113,016

121, 624
128, 409

116,557

16
16
16
16

63, 924
63, 924
63, 923
64, 726

71, 215
76, 468
82, 779
71, 358

» tubular

49,
32,
62,
53,

612
101
728
119

1

12
320, 738
i-'267,969
12 149, 393
120, 427

244, 509
17 241. 059
i 128,918
is 82,718 is 247, 220
7

136/756

233, 742

136, 434

237, 528

i

. 1746
.1250
.1338 n 220, 198 i4$208,006
.1442
215, 908
207, 849
. 1303
265, 748
224, 054
9
. 1404 i 212, 930
229, 695

Orders
shipped

Number of pieces

Dollars

$0. 1527
i a . 1360
. 1728
2720
.2718
.2463
. 1869

38 593
3.i 003
28. 362

Whole- Orders
sale
price, 2 received
6 pieces

Sales

Dollars Number
per Ib.

Short tons

BRASS
FAUCETS 3

$67 53

126. 45
119.84
112. 81

is 296, 090 is 280, 033
519, 970
478, 768
437, 252
381, 261
385, 891
421, 116

.1292
.1293
.1364
.1426

167, 497
174, 822
309, 268
595, 729

143, 267
146, 958
270, 379
452, 401

117. 84
116. 15
115. 45
114.91

447, 604
460, 664
590, 333
890, 924

396, 795
446, 168
296, 729
335, 180

.1471
. 1446
. 1400
.1325

304, 015
260, 893
146, 494
176, 962

251, 290
216, 019
145, 024
170, 658

115. 28
116. 14
114. 54
114.46

657, 616
394, 882
313, 267
263, 551

676, 537
550, 333
554, 565
398, 594

122, 318

260, 466

56, 664
52, 945
52. 354
38. 285

91,326
88, 008
77, 343

250, 506
242, 792
239, 542

1335
. 1340
. 1395
. 1449

145, 005
186, 515
179, 805
218, 768

140, 577
173, 020
180, 603
202, 586

113. 69
112.16
111.55
111.44

326, 230
299, 931
336, 609
362, 901

428, 302
320, 596
350, 091
320, 958

34, 516
30, 872
30, 547
36, 069

69, 007
72, 855
67, 838
73, 019

247, 398
247, 061
246, 910
243, 086

. 1438
.1430
. 1435
. 1387

197, 703
315, 143

192, 638
314, 967
385, 128
383, 828

111.72
111.77
110. 83
110.13

368, 405
442, 427
547, 667
317, 210

338, 083
468, 330
366, 603
280, 398

.1382

(20)
(20)

|

ins 7Q

May
June
1
Tubular plumbing sales from Tubular Plumbing Goods Association, comprising cast, wrought, and miscellaneous traps, basin, bath, and tank supply pipes and connected wastes and overflows. Details by classes, sizes, and geographical distribution are given on the association's reports.
2
Wholesale price, compiled by the U. S. Department of Commerce, Bureau of the Census, is an average of 12 reports of combined net selling prices to retailers, without
freight, on the following competitive fixtures: Bathtub, washstand, water-closet, sink, two-part cement laundry tub, and 30-gallon range boiler.
3
Data on brass faucets, representing the total of 22 different kinds of faucets, reported to the National Association of Brass Manufacturers by about 13 members each
month.
4
Figures on mine production represent practically complete primary production of copper in the United States, as compiled by the American .Bureau of Metal Statistics,
since January, 1921. Mine production from 1913 through 1920 is given as reported annually by the U. S. Department of the Interior, Geological Survey.
8
Smelter production data are based on the production of blister copper by smelters in the United States from both domestic and imported ores, also from some scrap
copper, as compiled by the American Bureau of Metal Statistics. Yearly figures for the period 1913-1920 represent production as reported by the U. S. Department of the
Interior, Geological Survey.
6
Refined production represents the total output of refined copper by primary refiners in North and South America, as compiled by the American Bureau of Metal
Statistics.
7
World production of blister copper as compiled by the American Bureau of Metal Statistics, includes the smelter output of the United States, Mexico, Canada, Chile,
Peru, Japan, Australia, Europe, Belgian Congo, and Rhodesia. These countries produced about 95 per cent of the world's production in 1922 and about 96 per cent in 1923.
The 8figures are based on smelter production of blister copper without any attempt at segregation according to the country of origin.
Shipments figures represent the movement of refined copper from 12 refineries, located in both North and South America, as compiled by the American Bureau of
Metal Statistics.
9
Exports of refined copper compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include refined copper in pigs, ingots, bars, old
and 10
scrap, pipes, tubes, plates, sheets, and wire except insulated wire and cable; other manufactures of copper included since Jan. 1922.
Stocks of blister copper, North and South America, also include copper "in process." Stock figures compiled monthly through September, 1924, thereafter quarterly,
by the American Bureau of Metal Statistics.
11
Price of ingot copper, electrolytic, New York, based on averages of daily transactions, reported by the Engineering and Mining Journal-Press.
12
Stocks appearing opposite the years 1919 to 1922, inclusive, are as of Dec. 31 of the year indicated.
13
Nine months' average.
14
Four months' average.
15
Seven months' average.
16
Prorated from quarterly total.
17
Ten months' average, October andNovember missing.
18
Eight months' average, January, February, April, and May missing.
19
Ten months' average, November and December missing.
20 Data not available.




45

Table 21.—TIN, ZINC, AND LEAD
TIN*

Stocks
YEAR AND MONTH Deliveries

World
visible

Imports- Price,
Bars,
(New
U.S. blocks, York)*
etc.

av
av
av
av
av
av
av

3, 658
3,475
4,063
4, 685
4,823
4, 862
2, 692

12 377
14, 907
15, 208
18, 585
18, 803
13, 894
12, 890

1, 930
1,599
2,078
3,331
2,284
286
1, 630

4, 268 $0. 4425
3,728 «.3430
4,140 . 3859
6, 288 . 4338
5, 763 ,. 6180
5,302
3, 337
., 6333

1920ino. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av

4, 260
2. 160
4, 788
5,846
5, 344
6, 371

19, 726
19, 697
23, 655
21,740
21, 504
19, 538

3, 322
2,351
2, 481
2,667
3, 351
2,890

4, 689
2,017
5,011
5, 755
5, 428
6, 386

1924
January
.__ _
February
March
\pril

4,895
8,845
4,560
7,590

24, 372
21, 835
23, 275
19, 023

2, 812
3,302
1,802
4,322

May
June _ _
July
August...

5,240
4,310
3,930
4,805

19,711
20, 094
20, 161
24, 302

September. . _
October..
__
November
December

4, 985
5,090
5,790
4,085

1925
January
February
March
April

7,155
7,205
7,100
6,655

May_
June
July
August

-.

..-

September.
October..
November
December

1926
January
February.
March
April....

Retorts ProOre
PriceOre
in oper- duction Stocks ship- stocks, Prime
ation, (total at re- ments, Joplin western
end of
pri- fineries
Joplin
(St.
month mary)
district district Lou is) <

Dolls,
per Ib. Number

Long tons

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

LEAD 3

ZINC 2

Production

Dolls,
per Ib.

Short tons

Price—ReOre
Pig,
ship- ceitipts Stocks,
desilments, of lead U.S. and verized
Joplin in U. S. Mexico
(New
district
ore
York)*
Dolls,
per Ib.

Short tons

105, 684
94, 468
156, 568
204, 693
136, 639
123,033
100, 830

28, 890
29, 420
40, 793
55, 621
55, 798
43, 160
38, 250

40, 659
20, 095
14, 253
17, 598
53, 721
41, 241
37, 485

23, 931
21, 421
25, 795
30, 625
34, 070
30, 231
35, 326

$0 0550
0506
.1305
1263
.0873
0789
0699

3 972
3 458
3,776
4,496
5, 264
5 561
5 683

.4827
.2858
.3183
.4180
.4968
.5679

89, 737
36,623
57, 007
84, 634
76, 748
87, 062

39, 981
17, 966
31, 140
44, 267
44, 654
49, 244

40, 443
79, 829
36, 385
20, 125
39, 226
15, 720

47, 499
26, 184
45, 147
58, 126
60, 965
67, 767

.0767
0466
.0572
.0661
.0634
. 0762

43, 869
47, 728

7,601
5,701
7,805
7,522
8,336
10, 777

25, 986
30, 748
37, 449
41,844
46, 069

5, 770
9,196
3,513
10, 182

.4825
. 5277
.5437
. 4946

78, 768
79, 232
78, 092
82, 650

49,709
43, 933
47, 775
44, 949

40, 697
37, 192
32, 074
32, 778

49, 862
58, 195
84, 994
52, 609

51, 440
49,800
32, 640
41, 760

.0643
.0676
.0649
.0612

36, 670
39, 912
43, 109
40, 362

8,127
7, 072
9,704
7,352

38, 485
39, 470
39, 924
40, 819

100, 530
101, 244
103, 367
110, 480

.0797
.0855
.0901
.0826

4,067
4,067
5,059
3,454

5,052
4,092
4,833
3,351

. 4361
.4227
.4575
.5141

81, 143
75, 155
71, 827
72, 195

47, 666
43, 442
42, 913
41, 775

42, 364
49, 684
52, 705
50, 922

60, 151
45, 836
46, 351
73, 727

46, 160
48, 040
46, 360
41, 240

. 0579
. 0579
.0590
.0618

44, 276
46, 119
44, 483
44, 638

7, 790
5,968
5,125
9, 470

45, 520
41, 096
39, 956
43, 061

109, 922
108, 760
105, 486
103, 457

.0727
.0702
.0712
. 0783

20, 233
18, 971
20, 977
25, 088

3,974
2, 419
2, 089
2,844

5,223
4,496
4,191
5,240

.4860
.5004
.5385
.5572

70, 875
72, 139
77, 631
81, 274

40, 852
42, 488
42, 633
47, 711

45, 720
38, 452
26, 912
21, 208

55, 878
65, 581
79, 587
58, 809

45, 440
43, 400
31, 159
26, 600

.0618
. 0632
. 0680
.0737

46, 925
47, 417
46, 597
45, 920

7,770
9, 355
12, 222
10, 078

43, 052
45, 577
42, 619
42, 552

98, 277
97, 471
98,361
87, 197

.0800
.0824
.0869
.0921

22, 949
23, 591
19, 623
18, 105

4,394
3,949
5,184
2,309

8,714
6,117
8,037
4,656

.5769
.5652
.5304
.5138

86, 081
87, 377
86, 529
86, 674

50, 386
46,811
51, 485
48, 851

18, 996
16, 703
17, 196
18, 337

67, 824
66, 485
62, 796
57, 430

33, 120
33, 920
32,200
35, 400

.0774
.0748
.0732
.0699

47, 091
42, 237
49, 635
46, 209

13, 449
10, 694
9,732
9,749

47, 254
45, 224
46, 081
45,005

100, 925
105, 812
104, 784
100, 963

. 1017
.0943
. 0891
.0801

4,910 • 20,897
6, 175
19, 797
6,475
19, 857
6,520
20, 000

1,404
2,054
2,414
3,644

3,847
6,985
6, 735
7,747

.5368
. 5489
. 5668
.5665

86, 457
82, 358
82, 140
85, 576

49, 738
45, 921
47, 583
47, 849

21, 210
22, 906
20, 771
17, 032

71, 248
62, 997
56, 893
75, 130

35, 440
33, 680
19, 920
28,200

.0695
.0699
.0721
.0758

47, 316
48, 775
46, 552
46, 223

9,605
10, 089
7,822
10, 775

45, 426
45, 397
43, 108
42, 588

97, 462
96, 738
95, 731
91, 589

.0799
.0832
.0815
. 0919

6,360
6,070
5,670
6,160

17, 642
15, 770
18, 199
18, 024

2,309
2,464
1,904
2,654

6, 365
6,401
4,574
7,449

. 5641
.6046
.6214
.6195

86, 556
89, 877
90, 085
95, 029

47, 384
50, 497
50, 629
53, 794

11, 796
7,475
6, 922
9,295

70, 052
81, 277
73, 915
67, 156

22, 500
24,500
19, 5QO

.0775
.0828
.0861
.0857

44, 334
52, 927
49, 230
52, 209

10, 819
9,702
13, 709
13, 180

46, 381
47,412
48, 273
50, 682

96, 932
104, 999
106, 912

.0951
.0951
.0974
.0931

7,340

16, 787

2,104

.6142

68, 063
58, 653
41, 454

0830

$0. 0437
.0386
.0463
.0686
.0879
.0741
.0576

102, 046

.0796
. 0455
. 0573
. 0727
.0810
.0902

.0926

May....
June
Deliveries and stocks „„,? ,^^,^4-New ,
of tin from
York Metal„ Exchange. _ Stocks in ,the United States are at port warehouses,,. New ,
in , York at the end „ the month, while deliveries
of
4-V^™^..~l
™o
*„
^_
r
™
j
^
!_. _ ^ ! j
.
Ore shipments and
and produces
Mexico of ore, matte, base bullion, and refined lead, including antimonial, reported"by the American ~Bureau of Metal"statistics. Shipment^of leTdi'ore'from mines of the
Joplin district from the Joplin Globe.
* Price quotations, representing averages of daily prices are from the Engineering and Mining Journal; prices on tin and lead are New York quotations and zinc is from
« Eleven months' average, August missing.




46

Table 22.—ENAMELED SANITARY WARE
LAVATORIES

BATHS
YEAR AND MONTH

!

SINKS

:

TOTAL
SMALL
WARE 2

MISCELLANEOUS

Orders Stocks, Orders Unfilled Orders Stocks, Orders Orders Stocks, Orders, Orders Stocks, Orders | Unfitted
shipped end mo. received orders shipped end mo. received shipped end mo. received shipped end mo. received
orders i
Number of pieces

av
av__
av
av
av
av
av

39,831
42, 450
40, 977
51, 181
33, 172
19, 495
34, 608

60, 530
42, 175

21, 514
69, 872

mo' av
mo. av
mo. av
mo. av_.
mo. av
mo. av

51,441
41, 510
74,814
90,396
95, 629
110,485

20, 951
75, 324
41, 768
35, 439
71, 193
106, 974

36, 774
40, 911
93, 033
97, 316
98, 758
115, 838

93, 583
78, 954
81. 082
90, 721

33, 866
29, 462
27, 107
30, 110

September
October _
November
December

87, 376
113, 718
91, 128
81, 069

1924
January
Februarv
March
April

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

47, 754
49, 527
55, 769
65, 230
44, 888
32, 697
45, 768

132, 309
139, 751

340,816
137, 628
253, 957
168, 542
104, 129

51, 438
58, 169
91,512
110,479
110,283
127, 379

77, 686
67, 404
67, 770
76, 221

296, 497
286, 888
245, 568
248, 844

29, 782
30, 429
37, 342
43, 557

75, 795
106, 780
86, 634
98, 916

95, 562
98, 568
116, 717
102, 984

52, 924
60, 462
63,415
65, 299

June
July
August

101, 146
84, 665
97, 376
103, 232

September
O ct ober
November
December

1935
January..
February
March
\pril

34, 322
73, 612

53, 428
57, 789
70, 026
74, 293
48,419
33, 097
54, 584

145, 329
125, 814

43, 302
109, 318
79, 507
56, 408
143, 788
217,041

53, 438
50,315
117, 222
121, 891
100, 353
131, 752

60, 231
66, 458
95, 327
114, 146
120, 381
129, 250

109, 759
100, 672
99, 903
123, 402

44, 391
45, 978
47. 763
47, 599

102, 677
77, 782
80, 049
102, 730

201,180
193. 805
190, 019
203, 329

113,802
147, 648
121, 741
111,029

40, 549
52, 110
69,412
84. 373

1 14, 943
148, 251
131, 115
98, 346

216, 295
235, 279
245, 921
239, 118

129, 988
131, 921
149, 302
128, 002

64, 399
65, 093
67, 848
63, 213

74, 925
73, 798
94, 042
92, 264

214, 309
181,907
169, 394
154, 659

104, 622
93, 878
75, 075
73, 724

68, 373
88, 980
90,012
104, 301

90, 195
78, 578
78, 297
110, 347

93, 938
93, 380
105, 905
107, 766

105, 056
121, 490
122, 999
123, 269

June
July
A ugust

112, 457
118, 448
134, 218
129, 629

September
October
November
December..

122, 564
127. 355
86, 615
93, 540

1920
1921
1922
1923
1924
1925

1923
May
June
Julv
August

-

Mav

_ __

Mav

1

35, 089
88, 018

31 5*0
34, 655
29, 367
40, 887
22, 201
23, 405
28, 383

77, 034
79, 869

66, 333
111,764
93, 336
59, 188
154, 896
266, 824

57, 502
64, 577
124, 179
127, 919
115, 485
133, 388

31, 062
33, 640
45, 531
57, 913
70, 658
62, 290

47,410
89, 394
68, 400
51, 260
111,138
171,306

27, 091
31, 803 Is 129,261 |
60, 933 400, 291
63, 290 913,480
65, 700 480, 920
58, 536 250, 055

110,013
107, 087
104, 053
116,916

51,810
47, 539
48, 71 5
52, 718

107,050
70, 582
80, 430
103, 543

57, 866
59, 204
52, 946
62, 093

49, 984
47, 777
47, 642
49, 489

91 , 523
131, 849
108, 031
119, 387

107, 109
141, 407
117, 222
117, 955

50,912
57, 903
67, 265
87, 147

93, 932
141, 702
120, 486
135, 726

54,217
67, 492
61, 388
63, 944

43, 422
52, 529
47, 294
51, 786

62, 288 1,099,460
44, 998 1,038,045 !
49, 745 931,910
54, 486 828, 058 !
!
40, 434 777, 105
62, 824 753, 386
63, 824 724, 576
61, 533 712, 620

103, 252
111,044
118, 781
125,695

139, 024
160, 636
146, 324
108, 150

137,
137,
157,
130,

624
523
799
247

97, 306
97, 902
100, 410
102,458

160,582
165, 918
103, 225
111,854

74, 484
75, 537
88, 371
79, 249

63, 964
60, 095
77, 359
81, 561

i
88, 285
106, 028
82, 699
61, 892 '

110,697
97, 963
93, 068
104, 308

134, 088
140, 810
164, 702
149, 974

73, 137
78, 794
74, 424
97, 992

120, 027
112,062
110,070
115,707

110,820
129, 802
155, 483
104, 632

81,344
85,011
91,781
104, 737

78,100
69, 186
67, 622
70, 832

94, 819
106, 031
105, 321
114, 550

49, 340
53, 758
46, 396
60, 661 i

:

579,854
458, 182
395,697
339,022

131, 904
79, 444
64, 876
89, 402

103, 002
105, 497
85, 790
83, 861

147, 318
161, 474
171, 999
196,324

94, 243
94, 583
83, 685
127, 240

110,666
114,710
91, 625
99, 857

197, 932
215, 939
228, 438
251, 448

94, 871
99, 088
93, 556 !
132, 658

75,312
71, 508
50, 716
46, 983

132, 121
158, 351
151, 675
187, 812

65, 201
58, 291
50, 175
65, 669 j

286,783
206,332
174, 127
254,025

121, 092
100, 926
1 10, 330
110,690

108, 572
115, 236
114, 759
109, 136

123, 533
123, 085
121,936
123, 240

184, 765
203, 625
225, 497
228, 532

146, 077
124, 856
125, 847
123, 182

127, 289
121, 519
125, 667
135, 767

252, 258
276, 333
306, 220
306, 477

148, 857
123, 982
120,513
130, 063

72, 316
65, 032
71,203
75, 089

174, 290
188, 348
191, 104
196, 755

71,685
59,723
55, 595
52, 546

295,400
299,254
280, 734
265, 885

119, 104
101, 925
95, 562
90, 441

122, 785
129, 806
140, 692
129, 826

110,318
111,797
117, 461
113, 328 |

122, 322
130, 691
148, 428
140, 391

232,811
227, 018
225, 966
218, 728

129, 673
137, 887
144,052
145,848

130, 094
132, 243
135, 453
135,211

280, 317
279. 287
273, 720
252, 703

138, 225
136, 027
140, 839
143, 275

75,110
64, 232
60, 837
58, 747

180, 079
179, 127
176, 506
160, 085

60, 188
62, 723
65, 384
64, 019

251,820
252, 991
251,545
260, 171

84, 933
85, 555
110,011
123, 342

121, 827
110,396
93, 685
98, 002

107, 316
79, 437
78, 325
83, 859

139, 858
205, 012
140, 669 | 201,847
105, 523 I 222, 032
108, 873 j 228, 664

145, 226
124.362
] 1 7, 750
1 1 5. 604

140, 046
145, 951
106, 028
115, 737

239, 654
239, 269
228, 659
260, 988

145, 236
130, 554
121,985
121, 100

56, 701
57, 906
45, 910
44, 395

151, 433
142, 542
153, 960
161, 442

57, 629 | 261,737
54, 452 192,610
46, 778 206, 451
51,715 189,261

1926
January
February
March
April

I

25, 427
41, 900

i

735, 131
790, 983 1
822, 176 j
728, 122

i
f"

May
1
1

i

II"'

"i

"i"

r

|

Monthly production data beginning January, 1922, represent complete production, including total membership of the Enameled Sanitary Ware Manufacturers'
Association and reports to the Bureau of the Census from outside manufacturers, except that a row small firms were not able to furnish complete reports prior to January,
3924; data now include 21 manufacturers. Data prior to 1922 are totals of the association reports representing about 98 per cent of tfee industry, and may be found in the
May, 1922, issue (No. 9), p. 81.
2 Small ware includes lavatories, sinks, and miscellaneous.
3 Average of 8 months, May to December, inclusive.




47

Table 23.—COAL

Prices

Consumption
Production i

YEAR AND
MONTH

Thous.
of short
tons

Exports

Production 1

Prices

Pro- Stocks,
Whole- Retail,
By
Mine WholeBy
sale,
duc- end of Exsale
vesBy
sels electric rail- aver- Kana- Retail, tion i mo. 8 ports - chest- chestChiage
nut,
clear- power 4 roads * (spot) wha cago 7
nut,
New
ing 3 plants
New
York ^
7
(8) f. o.) b.
York ^
ports
(

2

Thous. of long
tons

Th U

° tons ^^

1909-13 mo. a.
1913-mo. av
1914 mo. av_.
1915 mo. a v _ _
1916 mo. av_.
1917 mo. a v _ _
1918 mo. av._

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

1, 098
1,499
1,150
1,397
1,581
1,794
1,663

642
606
620
656
574
461

1919
1920
1921
1922
1923
1924
1925

mo. av
mo. a v _ _
mo. av_.
mo. av_.
mo. av__
mo. av__
mo. av._

38, 822
47, 389
34, 660
35, 189
47, 047
40, 307
43, 581

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

604
780
629
343
379
332
361

2, 925
3,094
2,631
2,849
3,238
3,132
3,332

1924
September. -October
November. _.
December. ._

42, 376
48, 414
42, 102
46, 266

1,504
1,534
974
1,090

312
351
289
352

1925
January
February
March
April
__.

51, 930
38, 987
37, 626
33, 702

980
820
919
886

May
June
July
August

35, 474
37, 167
39, 582
44, 883

September.. _
October
November...
December

46,817
53, 203
50,780
52, 816

1926
January
February
March
April.

COKE

ANTHRACITE

BITUMINOUS

Dollars per short ton

Thous.
of short
tons

Thous. of long Dolls.per Dolls.per
long
short
tons
ton
ton

73
73
49
67
87
105
126

$2.44
1.81
1.79 i
3.25
8. 25
6, 00

8.27
10.81
9.50
12. 33
13.52
10.53
10. 60
13.70
14.21
10. 88
11. 37
14.00
i° 11. 19 11 14. 43

1,587
1,748
482
670
1,615
857
893

2,095
2, 565
1, 646
2, 375
3,133
2, 832
3,332

53
68
23
38
92
49
71

4.74
10.79 !
3.65 :
7.08 !
5.47
3. 61
4.09 '

14.13
14.17
14.17
14. 42

556
671
670
958

2, 545
2, 899
2, 926
3, 266

42
56
57
56

3.13
3.13
3.2-3
4.04

11.75
11.75
10. 95
10.76

14.33
14.42
14.42
13. 67

1, 171
1, 054
1, 006
806

3,411
3, 125
3, 456
3,315

63
61
66
53

4.64
4.08
3.52
3.17

325
314
463
476

10.88
10.96
11.07
11. 16

13. 68
13.78
13. 88
14.03

670
596
529
605

3. 287
3, 157
3, 171
3, 182

59
50
64
64

3.11
2.90
2.91
3.19

163
46
31
7

1(1. 27
11.28
11.29

lip. 04
17.04

(13)

(13)

749
1,008
1,213
1,307

3, 135
3, 402
3, 557
3, 760

84
71
87
131

3.70
6.53
6.88
4.45

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

288
346
319
295
347
447
370

9,451
7,644
8,006
9,123
8,160

2.59
5.64
2.55
3.63
2.75
2.08
2.06

4.11
5. 85
4.56
5.20
4.31
3.43
3.40

6.86
8.48
8.58
9.50
9.23
8.15
8.65

7, 341
7,467
7,539
4,557
7,778
7,327
5.176

2,673
1, 478
696
2,983
8
3, 954

370
402
348
197
379
298
237

3,012
3,22:1
3,293
3, 635

7,853
8,574
8,368
8, 944

2.03
2.10
2. 06
2.08

3.39
3.39
3.39
3.39

7.83
8.21
8.13
8.14

7,408
7, 479
6,604
7.189

4,146
4, 167
4, 166
4,080

326
362
283
321

11.47
11.48
11.47
11.73

325
294
313
353

3,714
3,127
3,174
2, 959

9,210
8,011
8,119
7,350

2.09
2.04
1.98
1.96

3.39
3.39
3.39
3.39

8.51
8.50
S.48
8.41

7,419
7,176
7,040
7,253

3,809
3,692
4, 068
3, 940

296
289
201
230

1,357
1,436
1,648
1,798

400
394
410
444

2,965
3,090
3,166
3,373

7, 575
7,142
7,392
7,841

1.97
1.95
1.94
2.04

3.39
3.39
3.39
3.39

8.06
8.23
8.21
8.32

7,898
7,576
8,293
8, 966

3,913
4,203
4, 051

1,629
1,243
1,477
1,395

361
352
340
340

3,476
3, 710
3,470
3,765

7, 831
8,992
8,915

2.19
2.14
2.28
2.19

3.49
3.39
3.39
3.39

8.89
8.99
9.69
9.49

52
68
151
264

(12)
(12)

Thous. Dolls.per
of long short
ton
tons

1,059
935
1, 172
1, 589
1,870
2,166

$4.81
4.93
4.89
4.87
6.95
6.55

(12)

Thous. of short
tons

2,799
1,945
2,292
2,955
2,764
2,540

$2.20
2.20
2.20
2.68
4.58
3.88

(12)

Ex-

By- ports2 Conn ell sprodville ^
uct

Beehive

$6.97
7.00
7.17
7.34
8.46
9.19

$1. 23
1. 14
1.12
1.85
3,25
2. 58

(12)

Price

$5.31
5.32
5.33
5.57
5.94
6.86

(13)

!

!_
._

|

._

i

I

|

May
June
1
1

!

Production figures, calculated from shipments from the mine, representing complete production except for small quantities used at the mines, compiled by U. &.
.Department of Commerce, Bureau of Mines. Monthly data from 1911 given in November, 1924, issue (No 39), p. 215. Periodic data on total stocks from 1916 given in
March, 1924, issue (No. 31), p. 13.
* Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; bunker coal on vessels engaged in the foreign trade is not included in
these figures.
3 Coal loaded for consumption by outgoing vessels at principal ports compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly
data 4covering th eperiod 1913-1923 appeared in October, 1923, issue of the SURVEY (No. 26), p. 61.
From U. S. Department of the Interior, Geological Survey, representing fuel consumption by all plants producing electric power, mainly central stations. Coal consumption in central stations alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants, and reclamation projects in March, 1925, issue
(No. 43), p. 28.
• Compiled by Interstate Commerce Commission from reports of 174 Class I railroads. Consumption by switching and terminal engines is not included. It is stated
tbat about 3 per cent would be added to the figures by such inclusion. About 2 per cent of the coal consumed on railroads in 1923 was anthracite. Monthly data from
1920 appeared in January, 1926, issue (No. 53), p. 23.
e Average mine price of spot coal in 14 representative bituminous fields weighted by the production in each field, compiled by the Coal Age; about 20 per cent of the
total output of bituminous coal is sold spot, while about 55 per cent is sold on future contracts, and 25 per cent of the output is not sold commercially.
? Wholesale and retail prices arc monthly averages from U. S. Department of Labor, Bureau of Labor Statistics. Wholesale price of bituminous coal is based on run of
mine, while the retail price is average consumer's price of lump, egg, nut, and mine run, averaged according to shipments. The price of coke represents beehive furnace
:eoke (range of prompt and luture) at Connellsville ovens.
s From Anthracite Bureau of Information, representing stocks at distribution points excluding Hudson Coal Company tonnage.
9
Seven months' average, January to July, inclusive; no data available for other months.
10
Eleven months' average, January to November, inclusive; no December quotations.
11
Ten months' average, January to October, inclusive; no quotations available for other months.
12 No data available.
13
No quotation available.




48

Table 24.-CRUDE PETROLEUM
STOCKS 2
(end of month)
PRODUCTION i

YEAR AND MONTH

Tank
farms
and pipe
lines

Grand
total
'

CONSUMPTION *

Refineries

IMPORTS
(3)

Number of
days'
supply

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

20, 704
22, 147
23, 425
25, 064
27, 943
29, 661
31, 531

104, 962
123, 709
145,914
144, 556
133, 883
117,412
124, 961

104, 962
123, 709
145, 914
144, 556
128. 201
103,886
110, 026

5,682
13, 528
14, 935 i

36,911
39, 137
46, 463
61, 034
59, 495
62, 988

150, 069
179, 888
278, 605
326, 682
386, 896
304, 897

133, 115
159, 237
245, 673
294, 659
347, ?20
273. 673

16, 954
20, 651
32, 932
32, 023
39, 575
31,224

92
111
153
147
166

1934
January. _ _
February
March
April .

57, 273
55, 889
60, 141
59, 830

365, 689
369, 164
372, 734
378, 631

331, 596
331,990
333, 984
338, 620

34, 093
37, 174
38, 750
40,011

162
160
159
160

May
June
July .....
August

61, 834
59, 583
61, 932
62, 398

383, 898
387, 915
392, 344
398, 921

343, 397
347, 415
352, 374
358, 285

40, 501
40, 500
39, 970
40, 636 |

60, 376
60. 469
56, 782
57, 433

402, 767
400,397
397, 937
2 392, 349

361,218
380, 078
357, 533
2 351, 354

41 ? 549 !
40,319
40, 404
2
40, 995

2

310, 199
309, 462
308, 548
308, 382

2 277, 833
276, 516
275, 935
275, 928

2

68, 082
G6, 675
67,318
66, 887

312, 085
310, 732
308, 429
303, 004

64, 708
64, 352
61, 459
60, 943

300, 981
297, 963
296, 690
292, 288

.

... .

September
October
November
December

Run to
stiHs

Total

1,484
1,437 :
1, 512
1,714
2,514
3, 144
4,401

21, 808
21, 774
22, 772
2ft, 549
31,478
34, 423
34, 873

MEXICAN
FIELD 7
Oil
wells
Storage,
comShipTampleted 6 j meets
pieo

field

Number i
of wells ||

Per
barrel

Thousands of barrels

159
126
116

1920 monthly average
1921 monthly average
1922 monthly averaee__
1923 monthly average
1924 monthly average
1925 monthly average

Price,
Kans.Okla.,
at
wells &

26, 261
27, 169
30, 127

$0. 934
.798
.583
1.258
1.775
2.197
2.279

1, 592
1, 389
763
1, 565
1,383
1,487
1,747

2,159
1,766
2, 743
3, 318
4,608
5, 319
7,280

43, 732
43, 748
49, 870
59, 526
62, 486

36, 160
36, 947
41,725
48, 436
53, 842
61, 667

3.404
1.704
1.806
1.439
1.446
1.674

2; 024
1,218
1,445
1,357
1, 212
1.377

12, 814
15, 093
15,611.
12, 147
11, 309

6,303 !
6,511
8, 631
7,297

62, 262
59, 135
63, 237
61,786

51,244
49,907
52,699
55, 249

1.244
1.513
1.670
1.750

774
910
1,088
1,429

9,911
11, 809
13, 331
13,514

24. 131
24, 3S7
24, 346
22, 527

167
171
177
180

n f
? '3 i
6,600
6, 502
5, 762

62, 373
59, 943
61, 154
59, 479

54, 725
52, 436
52, 877
54, 658

1.735
1.550
1.550
1.375

1, 657
1,521
1, 593
1,389

12,459
11, 254
10, 886
10, 530

21, 585
20, 691
21, 107
20, 970

169
170
164
155

5,354 |
4,873
6. 649
5,841 !

62. 415
64. 713
64, 209
69,122

53, 617
55, 779
55, 029
57, 880

1.313
1. 250
1.212
1. 195

1, 126
1, 060
1, 007
994

9,374
9,989
11, 204
11, 443

21, 413
21,413
20, 723
19, 769

9,054
10, 442
10, 609
6, 835
6,481
5. 167

January
February
March
April

59,519
545 045
60, 433
61,431

May..
June
1 July „
August. --

...

._

September
i October
November. _
December

._

7 025
5,580
6,375
5,415

57, 333
52, 993
59, 407
59, 180

1.293
1.738
1.800
1. 800

883 ;
990
1,089
1, 567

11,014
10, 234
11 70-1
9,609

20, 179
19, 673
18, 354
19, 356

279, 670
276, 850
274, 122
272, 289

32, 415
33, 882
34, 307
30, 715

6,484
5, 153
4,283
4,045

62, 380
64, 847
67, 577
67, 010

1.800
1.800
1.800
1. 720

1,671
1,706
1,791
1,580

10, 254
8,913
8,440
6,545

19, 189
18, 591
17,616
18, 503

270, 321
269, 930
269, 546
265, 131

30, 660
28, 033
27, 144
27, 157

4,027
4, 367
4,891
4, 360

62, 278
64, 130
60, 521
62, 347

1.600
1.600
1. 588
1. 550

1,501
1,420
1,182
1, 147

6,905
6,626

18, 029
18, 205

j

[i

__ _

'
1

__

1

21, 7C3
21,927

32 366
32, 946
32, 613
32, 454

1936

May
June

8

|

1925

January
February
March
April

Thousands of
barrels

i

_
|

""

"II

i
~~||

"""

Production data, compiled by U. S. Department of Commerce, Bureau of Mines, represent output transported from field of production, excluding oil consumed at
locality of production or not transported therefrom, which has comprised only 1 or 2 per cent of the total production since 1919. Details by States and fields are given in
monthly press releases. Monthly data from 1917 to 1920 given in December, 1922 , issue (No. 16), p. 48, for 1921 and 1922 in August, 1923, issue (No. 24), p. 77.
2 Compiled by U, S. Department of Commerce, Bureau of Mines, consolidating work formerly carried on by the Bureau of Mines and the Geological Survey under the
Department of the Interior. Tank-farm stocks include total stocks at pipe lines and tank farms, producers' stocks in California and imported oil held outside refineries
through December, 1924; since then California stocks are not included. Refinery stocks since January, 1925, represent only the stocks at refineries east of California. Prior
to January, 1923, the figures on tank-farm stocks included topped oil and imported oil at refineries, but the duplication between this item and the total stocks at refineries
was slight. This old method of securing figures showed totals about 2 per cent greater than those secured by the new method used in 1923. Adjustments have been made
in figures of some of the earlier years to represent approximate net stocks for comparison with later figures. Refineries' stocks include both imported and domestic oil. The
number of days supply is calculated from the tank-farm and pipe-line stocks and from current consumption but because of the incompleteness of stocks data this item is
no longer computed. Monthly data on stocks from 1917 to 1919 appeared in December, 1922, issue (No. 16), p. 48; for 1920 to 1922 in July, 1923, issue (No. 23), p. 50; on
days' supply from 1921 to August, 1923, issue (No. 24), p. 77.
3 Imports of crude petroleum are as compiled by the U. S. Department of Commerce, Bureau of Mines. Beginning with February, 1923 , topped oil has been generally
excluded from the imports; on this basis imports for January, 1923, were 5,069.000 barrels instead of 6,199,000 barrels, as reported, and to which previous months' figures
are comparable.
4
Data on total consumption representing deliveries to domestic consumers, compiled by the U. S. Department of Commerce, Bureau of Mines, from figures on production,
imports, exports, and differences in stocks (except refiners' stocks); this item no longer available because of the incompleteness of stocks' data. The change on the basis for
computing stocks and imports at the beginning of 1923 changed consumption for January, 1923, from 53,902,000 barrels on the old basis to 56,210,000 barrels on the new basis.
Figures on crude oil run to stills at refineries represent consumption by refiners.
6
Wholesale price of Kanasa-Oklahoma crude oil at wells is average for the month as compiled by the U. S. Department of Labor, Bureau of Labor Statistics.
« Number of oil wells completed during the month compiled by U. S. Department of Commerce, Bureau of Mines, from reports by the American Petroleum Institute
and 7the Oil and Oas Journal.
Mexican petroleum shipments from the three ports, Tampico, Port Lobos, and Tuxpam, indicating Mexican oil production, from the Oil Trade Journal, the preliminary8
the current month being taken from the
 figure forof seven months, June to December, 1923,Wall Street Journal. Storage of oil in the Tampico field in Mexico from the Wall Street Journal.
Average
inclusive.



49

Table 25.—GASOLINE AND KEROSENE
GASOLINE

Produc- Exports 2
tion i

YEAK, AND MONTH

monthly
monthly
monthly
monthly
monthly

average
average
average
average
average _

Dollars
per gal.

1033
September
October
November
December

T

Xs°fi

Consum ptioni

j

Stocks at Price,
Retail
refineries, f. o. b. distriburefinend of
tion, 13
eries, States 5
month i
Pa.3
™™ Thous. of
gallons

Thousands of ganons

133, 501
152, 113
195, 156
193, 341
162, 094

120, 546
116, 158
115, 789
103,378

i 6521.273
405, 203
300, 582
379, 472
402, 522

$0. 080
.107
115
.149
.085

149, 593
185, 097
228, 726

192, 194
195, 745
210, 092
209, 194

121, 991
124, 308
128, 738
141, 240

301, 542
272, 921
329, 909
399, 404

.085
.084
.080
.078

29, 107
30, 268
31, 559

.191
.185
.170
. 155

217, 187
214, 556
207, 305
199,416 |

193, 688
191, 346
220,811
234, 921

113,
124,
133,
118,

524
357
475
690

258, 525
245, 666
258, 635
303, 694

.076
.083
.083
.082

33, 191
32, 091
32, 260
29, 1 14

217, 768
196, 826
200, 039
203. 186

135, 210
119,532
124, 715
149, 800

321, 532
325, 441
347, 749
312, 328

.086
.091
.083
.080

29, 484
28, 014
27, 873
32, 191

199, 992
183, 141'
194, 201
204, 107

107,
110,
108,
123,

093
842
444
526

325, 854
315, 730
320, 688
327,611

.076
. 073
.072
.072

35, 566
29, 858
28, 598
33, 964

211,
232,
233,
243,

140,
130,
138,
152,

987
554
808
399

316,
328,
355,
360,

780
570
692
956

.083
.083
.082
.084

38, 103
34, 109
30, 971
29, 972

237, 546
297, 526
329, 821
406, 879
429, 462

34, 528
46, 398
30, 512
52, 949
43, 665

218, 420
260, 772
286, 234
354, 225
376, 336

343, 946
386, 202
472, 411
464, 485
630, 757

516, 853
629, 662
746, 640
907, 177

1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

KEROSENE OIL

Domestic Stocks, Price,
Retail
conend of motor, dtetribu-l Producsump- month ! New
tion i
tion, 21
York s States ^
tion i

Thousands of gallons

1917
1918
1919
1920
1921

!|

48, 017
69, 967
98, 251
107, 948

447, 674
548, 611
647, 520
780, 175

785, 189
1, 186, 463
1, 483, 400
1, 615, 451

. 251
.207
.180
.191

640, 504
615, 168
534, 720
536, 765

1, 083, 280
1, 063, 452
1, 105, 275
1, 176, 608

$0. 238
.242
.245
. 293
.261

;

:

623,
659,
617,
659

733
061
558
169

72, 352
82, 504
53, 656
70, 565

695,
683,
743,
754,

323
736
248
773

85, 946
101, 597
79, 439
114, 396

500,
404,
460,
612,

584
325
368
524

1, 301, 833
1, 483, 308
1, 694, 322
1, 727, 257

. 165
. 200
.198
.200

779, 194
737, 081
741, 975
755, 780

94, 073
110, 164
86, 246
108, 685

667,
689,
781,
832,

349
687
618
622

1, 756, 489
1, 698, 115
1, 578, 229
1, 416, 636

.200
.200
,195
.188

173, 852
153, 733
171, 095
198,631 I
J
221, 110
233, 522
272, 832
287, 514

September
October
November
December.

750,
760,
762,
795,

264
647
046
613

113, 901
90, 907
94, 951
98, 701

708, 521
757, 183
697, 491
657, 966

1, 344, 768
1, 261, 852
1, 243, 515
1, 294, 472

. 175
.140
.148
.150

269, 142 j
268,404 j
257, 075 j
237,801

1935
January _ _
February _
March
April

838, 652
800, 442
862, 574
871, 492

95, 518
99, 813
118,854
104, 442

595, 413
543, 640
625, 053
798, 305

1, 453, 197
1, 618, 891
1, 747, 199
1, 720, 877

.170
.210
.205
.200

224,
220,
224,
266,

201
524
567
368

247, 727
214. 421
219, 908
201, 163

143, 770
118,413
117, 395
142, 144

394,
435,
456,
434,

638
376
064
674

.083
.084
.082
.078

31, 139
30, 173
30, 388
35, 054

922, 046
944, 175
966, 908
972, 689

98, 510
111, 690
104, 857
116,481

541,
868,
963,
931,

787
350
071
901

1, 716, 922
1, 695, 216
1, 610, 790
1, 540, 716

.190
.215
.220
.202

288, 055
288, 130
329, 171
333, 768

202, 559
193, 664
193, 471
187, 984

127,
104,
149,
148,

452,
472,
444,
401,

809
371
020
490

.075
.075
.072
.072

34, 491
31, 646
31, 022
37, 328

906, 109
944, 433
922, 058
934, 549

88,011
102, 404
124, 301
130, 476

848,
831,
758,
755,

867
774
111
822

1, 514, 150
1, 529, 248
1, 589, 880
1, 648, 328

.170
.170
.170
.170

322, 828
312, 336
293, 893

197, 834
215, 158
212, 6G5
223, 780

180,298
144, 956
154, 241
163, 322

352, 656
335, 001
314, 554
299, 190

.074
.077
.080
.088

37, 029
35, 199

_.

1934

January
February
March
April
May
June
July
August

-

830
666
521
832

:

_

May
June
July _
August

September..
October
November
December .

._

390
536
535
874

1936

January
February
March
April
May
i June. _
I

_-

1 Production, consumption, and stocks held by refiners at end of month, from the U. S. Department of Commerce, Bureau of Mines: stocks include marketers' stocks
beginning with June, 1923, while consumption figures since that time take account of this change in stocks.
2
Exports of gasoline taken from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include gasoline and all other naphtha, less exports to
the 3
Philippine Islands, to agree with data used by the Bureau of Mines.
Prices compiled by U. S. Department of Labor, Bureau of Labor Statistics. Gasoline price represents price of motor gasoline delivered in drums to garages in New York
City, the 1913 price being $0.168 per gallon.
4
Retail distribution of gasoline compiled by the American Petroleum Institute, from reports of gasoline-tax collection by the following States: Alabama, Arkansas,
Arizona, Colorado, Connecticut, Florida, Georgia, Indiana, Kansas, Kentucky, Minnesota, Miss9uri, Nebraska, New Mexico, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, and Washington. Details by States for 1922 and 1923, with partial reports for 1921, may be found on pp. 52 and 53 of the June,
1924, issue of the SURVEY (No. 34), and data from 1922 through 1924 in the May, 1925, issue (No. 45), p. 28. Beginning with July, 1923, Pennsylvania data are only available
quarterly and have been divided by three to secure corresponding monthly figures. Data for Nebraska and Pennsylvania have been estimated for several months of 1925
{
Retail distribution of kerosene, collected from the tax statistics of Arkansas, Colorado, Florida, Georgia, Indiana, Kansas, Michigan, Minnesota, Nebraska, North
Dakota, Oklahoma, South Carolina, and South Dakota by the American Petroleum Institute. Data for Indiana, Michigan, and Nebraska estimated for several months
of 1925. Details by States for 1922 and 1923, with partial reports for 1921, appeared in the June, 1924, issue of the SURVEY (No. 34), p. 51.
8
Six months' average, July-December, inclusive.

 79396°—26


4

50

Table 26.—OTHER PETROLEUM PRODUCTS
GAS AND FUEL OIL

LUBRICATING OIL

Consumption
Production i

YEAR AND MONTH

By
vessels3

Total i

Price,
Okla,,
34-2C
at refineries 4

Stocks at
refineries,
end of
month i

By

electric
By
power railroads 5
plants 3

Dolls,
per. bbl.

Thousands of gallons
1917 monthly average
1918 monthly average
1919 monthly average
1920 monthly average
1921 monthly average

524, 036
610, 116
635, 607
738, 454
805, 318

20,664 '
23,100 !
49, 093
92, 064
94, 752

499, 630
573, 308
650, 903
684, 796

Production i

38, 675
45 9°9
4;2.. 0.: 2

;

118,915

Stocks at
refineries,
end of
month

Thousands of gallons

$1.515
1.885
1. 120
2,622
.687

6 621, 860
548, 985
778, 396
687, 858
1, 164, 926

Consumption i

60, 137
70, 122
70, 563
87, 284
73, 155

48, 379
47, 598
51, 542
44, 189

5 122, 526
144, 521
161, 491
137, 212
231, 172

Price,
600°
steam
refined
Penn.
J
field
Dolls,
per gal.
$0. 1 12
.172
.224
.416
. 120

average
average
average
average

892, 186
1, 006, 183
1, 121, 664
1, 273, 256

840, 034
914, 857
1, 020, 984

110,922
131, 754
151, 634
149,664

46, 177
51, 397
58, 490
35, 890

130,508
164, 989
174, 970

1,438,811
1, 369, 624
1, 582, 368
1, 028.. 150

. 951
.929
.959
1. 097

81, 563
91, 447
96, 244
108, 418

52, 342
61,614
63, 433
71, 642

230, 678
237, 665
261,669
288, 894

.110
.118
.195
.185

1923
May -.
June
. ,_ ...
July
_
August

966, 166
970, 870
1, 053, 243
1, OiO, 658

918, 766
822, 402
901, 770
832, 905

1.34, y.o8
145, 194
125,454
144, 351

42, 485
43, 500
49, 309
56, 798

155, 043
151, 709
160, 287
169, 216

1, 246, 662
1, 324, 025
1, 400, 814
1, 462, 182

1. 038
.988
.900
.926 i

105, 363
95, 726
93, 961
87, 262

74, 255
58, 575
71, 784
69, 522

226, 289
239, 579
238, 640
233, 856

. 129
.116
.107
.099

September ...
October
November
December

1, 032, 591
1, 069, 800
1, 057, 932
1, 073, 337

923, 574
1,015,315
918, 644
952, 330

136, 794
147, 168
131, 880
127, 932

55, 729
57, 900
57, 930
61, 864

175, 944
198, 7S7
194, 378 !
184, 734 1

1, 481, 204
1,436,591
1. 499, 920
1.515,035

.856
.800
.719
. 790

87, 172
88, 003
98, 120
97, 748

62, 256
58, 771
59, 778
52, 781

228, 325
231, 968
246, 014
257, 798

.097
. 109
. Ill
.128

1* 062, 892
1, 025, 422
1,114,412
1, 116, 764

1, 032, 946
952, 628
1, 031, 767
989, 371

132, 678
132, 090
128, 898
151, 116

67, 981
64,831
64, 776
51, 830

188, 825
167, 951
179, 274.
165, 198

1, 471, 544
1, 491, 173
1, 487, 464
1. 536, 337

1. 088
1. 156
1. 075
. 969

94, 535
93, 824
101, 127
96, 967

68, 695
50, 495
64, 140
61, 197

258, 466
268, 301
264, 652
266, 179

.178
.199
.216
. 225

May
June
July
\ugust - -

1, 155, 936
1, 106, 712
1, 102, 786
1,167,211

1, 066, 388
946, 508
1, 014, 290
1, 008, 280

160, 936
153, 300
160,046
loo. 900

50, 787
56, 475
39,2*2
62, 948

132, 044
152, 366
160, 118
168, 284

1, 555, 663
1, 618, 564
1, 605, 951
1, 658, 671

.831
.780
.781
.781

104, 439
96, 995
87, 490
92, 70 i

64, 420
59, 200
66, 777
67, 530

259, 638
263, 959
259, 569
256, 906

.203
.185
. 178
. 165

September
October
November
December

1, 113, 911
1, 160, 683
1, 134, 147
1, 199, 093

1, 001, 433
1, 095, 108
1, Oil, 943
1, 101, 145

153, 090
173, 880
U3, 021
169, 808

58, 352
59, 024
47, 872
57.717

1S1, 983
194, 600
186, 170
192, 764

1, 639, 869
1,611,586
1,641,090
i 1,670,509

.920
.933
1. 019
1. 170

90, 228
97, 223
94, 948
104, 391

64, 525
62, 326
72, 561
59, 326

257, 755
261, 346
253, 613
269, 641

. 179
.186
.194
.226

1935
January
February
March
\ pril

1, 171, 402
1, 058, 725
1, 203, 906
1, 230, 332

1, 163, 377
989, 405
1, 118, 235
1, 067, 801

147, 336
136,416
141, 582
156, 870

57, 782
41, 766
35, 008
29, 344

185, 666
158, 451
169, 224
159, 209

i 773, 853
795, 872
801, 757
860, 706

1.331
1.325
1.114
1.031

103, 164
100, 503
118. 494
107, 096

52, 949
67, 313
67, 652
78,400

280, 159
286, 431
299, 689
290, 004

.224
.230
.215
.180

May
June
July
\ugust

1. 274. 465
1, 360, 386
1.444.984
1, 404, 459

167, 790
156, 240
157, 071
139, 282

23, 369
33, 258
35, 806
31, 888

159, 828
157,061
164, 215
169, 010

946, 782
1, 082, 056
1, 168, 487
1, 254, 228

.913
.935
.906
1,035

109, 184
104, 535
104, 396
112, 069

69, 018
86, 952
62, 556
80, 687

292, 112
278, 610
287, 570
282, 513

.179
.199
.184
. 161

1, 280, 955
1, 321, 652
1, 229, 771
1, 298, 045

155, 793
128, 900
159, 097
149,587

33, 977
35,818
33, 322
34, 337

182, 269
205, 153
189, 156

1, 256, 435
1, 215, 829
1, 145, 131
1,036,019

1. 050
1.056
1.215
1.250

107, 717
109, 534
110,467
113,857

82, 676
75, 105
73, 556
62, 839

283, 925
286, 595
293, 912
305, 203

.153
. 159
. 157
. 174

1922 monthly
1923 monthly
1924 monthly
1925 monthly

_
...
. ___

1934
January
February
__
March
\pril

September
October
November
December

_
_ _

i

.

--

-

_ _

1936
January
February
March
April
M!ay
June

1

1

:

1

......

1

1

i

i

:

||

i

-.
1

11

1 Data from U. S. Department cf Commerce, Bureau of Mines, representing practically complete data for the refineries prior to January, 1925, but since then gas and
fuel oil stocks cover only stocks east of California. The consumption data are calculated from production, exports and changes in stocks. For lubricating oil stocks, data
include marketers' stocks beginning with June, 1923, while consumption since that time takes account of this change in stocks.
2
Compiled by V. S. Department of Commerce. Bureau of Foreign and Domestic Commerce, covering loading of vessels for foreign trade at principal clearing ports. Monthly
data3 covering the period 1913-1923 appeared in the October, 1923, issue (No. 26), p. 61.
From U. S, Department of the Interior, U. S. Geological Survey, representing consumption by all plants producing electric power, but mainly central stations, consumption in central station.; alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants and reclamation projects in March, 1925, issue (No. 43),
p. 28.
Prices from U. S. Department of Labor, Bureau of Labor Statistics.
* Compiled by the Interstate Commerce Commission from reports of 174 steam railroads of Class I, riot including switching and terminal companies, and excluding fuel
used in switching locomotives. Monthly data from 1921 appeared in January, 1926, issue (No. 53), p. 23.
6
Six-months' average, July to December, inclusive.




51

Table 27.—HIDES AND SKINS
i

!

Total
hides
and
skins

YEAR AND MONTH

WHOLESALE
PRICES 3

STOCKS, END OF MONTH i

IMPORTS i

Green,
Calfsalted,
packers' skins,
heavy country
No. 1
native
steers
(Chicago)
(Chicago)

1

Calfskins

Cattle
hides

Cioatskins

Sheepskins

Total
hides
and
skins

i

Sheep
and
lamb
skins

Calf

and
kip

Cattle
hides

skins

I

Dolls, per pound

Thousands of pounds
!
4

1909-1913, monthly average
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average

42, 854
41, 490
46, 350
53, 856
60, 526
52, 589
30, 158 |

1919 monthly
1920 monthly
1921 monthlv
1922 monthly
1923 monthly
1924 monthly
1925 monthly

62, 070
42, 499
29, 003
45, 938
44, 315
29, 723
30, 173

5, 380
2,928
3, 995
4,630
4,058
3, 426
2, 396

33,940 i
22,922 |

11,138
6,684

15, 015
27, 035
24, 315 j

5, 260
6, 745
7, 152

15,468 j
13,889 j

4,353
6,807

22, 486
29, 049 1
30, 713 !
35, 009 :

2,610
3, 655
3, 301
2, 987

10, 528
13, 048
15, 756
17, 493

3,291
5,113
5, 022
6, 144

May
June
July
August

31, 759 |
24, 997
28, 503 !
27, 764 I

3, 399
2,838
4, 353
3, 887

15, 990
9,451
15, 759
15, 066

5, 992
4,372
3,715
3,224

September
October
November.
December

27, 301 |
26, 719 I
33, 355
39, 020

4, 198
3, 469
2, 873
3, 543

13, 586
13, 897
22, 145
22, 898

34, 302
30, 727 :
36, 135 i
41, 160 I

2,216
2, 409
2, 952
2, 536

26, 002
36, 338 1
28, 780
28, 624 ;

2, 236
3,411
2,624
3, 921 |

27, 055
20, 338 ;
27, 716 |
24, 899 ;

1,977
1, 773
1, 262 i
1, 433

average
average
average
average
average
averageaverage

6, 815
6,372
5, 576
4, 076
5,221
2,465
632

* 19, 160
18, 629

8, 199
7, 473

25,671 1

6,321

34, 053

6, 607

33,683 I
30,890 1

8,886
7,409

18, 421

5, 197

5,289
5,684
5,495
6,257

;
;
1
I

$0. 184 $0. 189
.210
. 196
.215
.242
.262
.338
.406
.327
.301
.371

8,461

6,999
4,372 ;

33,218

» 32, 916
32, 935
27, 452
22, 319
15, 601
16, 870

.393
.312
.139
.181
.166
.147
.160

.685
.368
.149
. 160
. 157
.184
.202

253, 454
250, 823
244, 553
223, 239

33, 473
31, 798
32, 636
25, 314

15,872
14, 666
15, 481
14, 380

.143
.158
.139
.122

.158
.182
.188
. 161

259, 206
253, 107
245, 155
244, 946

215, 981
207, 609
197, 071
197, 628

28, 140
29, 695
32, 453
29, 958

15, 085
15,803
15, 631
17, 360

.119
.125
.131
.156

.165
.171
.180
. 194

5,046
4,556
3,358 !
4,207

247, 093
256, 232
265, 605
283, 266

196, 965
212, 223
223, 361
241, 639

31, 922
28, 112
27, 196
27, 840

18, 206
15, 897
15, 048
13, 787

.161
.163
.174
174

.198
.194
.203
.209

7,411
7, 154
8, 335
7,181

4,524
3,439 i
8,003
8,824

292,311
292, 364
282, 733
275, 028

251, 758
254, 751
242, 820
229, 370

27, 531
25, 690
25, 893
29, 481

13, 022
11,923
14, 020
16,177

.169
.163
.148
.142

.215
.215
.204
.184

6, 171
7,408
6,358
7,040

5, 556
6, 568
4, 755

264, 158
256, 800
259, 078
254, 801

215, 471
202, 145
202, 014
197, 111

30, 625
35, 776
36, 749
37, 814

18, 062
18, 879
20, 315
19, 876

.143
.147
.166
.176

.183
.200
.218
.213

251, 459
259, 369
273, 686
282, 653

192, 753
203, 246
220, 293
231, 656

38, 456
38, 343
36, 441
35, 816

20, 250
17, 780
16, 952
15, 181

.177
.174
.163
.156

.198
.200
.198
.192

7,086
6,896
3,822 ;

s 435, 477
430, 897
355, 025
357, 392
267, 533
270, 370

5 340, 339
339, 548
275, 293
288, 589
222, 046
220, 282

J 63, 139

4,006
5,370 !
5,336 j
6,904

302, 899
297, 287
292, 670
262, 933

4, 993

6,068
3,403 !
4,870

2,972
3,879
3,448
5,059

18, 636
15, 301
14, 216
20, 812

9,989

5, 136

6,353
4,843
5,127

58,414
52, 281
46, 485
29, 878

1924
January
February..
March
April

_.

-._

1935
January
February.
March
April

.

_ .._

May
June
July
August..

September
October
November
December.- .

__._.
.,_„.

-.

1

16, 967
12, 712
9, 165
12, 872

8,957
16, 020

11,023

6,095
5, 248
6, 181
7, 104

6,442
4,002
3, 268
2, 885

3,250

1926
January
February.
March
April

__

May
June _-_

_ . „ . _ ...
_.
„

_-

I

i

!

i

!

1

1

i

;

!

!

i Data from U. 8. Department of Commerce, Bureau of Foreign and Domestic Commerce.
2
Compiled by the U. S. Department of Commerce, Bureau of the Census, from returns from packers, tanners, dealers, importers, and manufacturers, and represent
practically complete returns from the leather industry. As given in the detailed monthly reports, which can be obtained upon request from the Bureau of the Census, the
returns for hides and skins are expressed in numbers of hides and skins. For the above summary these have been reduced to pounds on the basis of the average weights
4
5

Four-year monthly average, 1910-1913,
Four months' average, September to December, inclusive.




52

Table 28.—LEATHER
SOLE AND BELTING LEATHER
Production
YEAR AND
MONTH

Sole
only i

1, 535, 290
1, 499., 225

1,477,886
1,561,015
1.220,402
1, 230, 592

21, 665
22, 348

c 114,810
111,217

2. 229
10,222
1, 758
1, 198
1,300
1, 459
1, 877
1,616

. 86
. 55
52
.51
. 45
. 18

1,350
1,695
1,361

2,205

.44
.46
.46
.46

6

161, 573

193,528

100, 679
107, 144
88, 429
87, 081

186, 434
171, 631
149, 508
126, 856

172, 898

.45
.45
.47
.48

60, 381
68, 377
57, 633
67, 895

129, 975
127, 332
129, 682
132, 351

334, 819
324, 922

.46 :
.46 i
.46
.48 •

95, 348
101, 167
96, 432
97, 990

179, 968

316,411
311,074

6,679
7,504
6,959
6,535

123,035

2,052

124, 265
123, 201
124, 440

1, 752
1,870
1,042

.50
.52
.52
.50

70, 249
67, 728
68, 871
60, 913

138, 300
139, 046
137, 378
133, 845

309, 319
308, 401
319, 634
319, 497

8,669
6,763
8,392
6,731

. 50
.50
.50
.48 :

102, 459
97, 767

121,342
111,073

108.011
101, 265

80, 406
86, 918

128, 110
131, 286
134, 726
133, 679

1,615
1,374
1, 206
1,716

.49
.48
.46
.46

55, 982
56, 190
57, 718
61, 999

133, 129
130, 948
144, 392

317, 542
319, 124
304, 082
295, 988

6,606
7,130
7,422
6,711

.46
.46 ;
.46 '
.46 :

96. 159
89, 604
99, 889
94, 925

123, 909
149. 891
229, 537 ;
;
220, 366

30,662

131, 377
127, 926
122, 429
117, 802

1,637
1,859
1, 137
2,134

.46
.46
.47
.46

62, 645
68, 346
60, 289
69, 955

145, 869
147, 329
149, 608
148, 687

296, 174
291, 891
290, 815
295, 173

7, 991
7,986
7, 855
10, 966

215, 929
182, 652
164, 783
187, 650

33, 413
34, 205
28, 336
24, 663

138, 417
131 272
126, 204
124, 445

1, 288, 203
1 . 902. 8Q6

22. 160

20,006

87, 907
84, 898
90, 047
91, 893
92, 650
93, 098
91, 125
88, 487

1, 107, 321
1, 318, 342
1, 074, 133
1, 062, 469

20, 701
23, 957
19, 983
20, 155

88, 202
81, 303
78, 176
77, 184

141,550
152,038

13, 274
16, 653
24, 642
38, 462
33. 693
32, 812

1,817
J , 923
1,864
2, 182

1, 198, 423
1, 361, 809

._

" 24, 942
120, 898
158, 479

110,627

88, 130
88, 504
89, 329
86, 888

23,707
23,617

.99 i
96. 974
. 52
56, 266
.44
104, 976
.44
135, 621
104, 121
.45
.47 | 103.610
!

.46
.43 ;
.43 !
.46

21, 094
23, 389
20, 783
23, 476

1, 292, 580
1, 279, 365

7,304
3,559
6,744
6,187
6,982
7, 769

9,165
6,880
6,148
6,260

20 7Q3
21, 006

23, 367
24, 283

« 16, 039
15, 032

' 203, 596
95, 244

378, 110
381, 085
368, 457
346, 867

2,
1,
2,
2,

1,331,142

e 42, 344 6 142, 136 a 400, 906
423, 021
57,986 ! 164,216
72,963
166,770
428, 169
78,019
158,852
387, 376
64. US
133,758
358, 168
63, 407
140, 367
305, 637

$0.27
28
.29
.45
.58
.60

Dozens

132, 561
126, 666
125, 049

151, 399
150, 273
144, 681

1, 285, 590

! ...

Sides

.46 1 65,913
.43
53, 866
.43
53, 579
.44
56, 972

86, 467
87, 204
88, 086
87, 632

23, 459
23, 775

8 845
6, 834
8..967
10, 623
6,175
3, 908
17 023

|

129, 736
124, 804
134, 233
123, 039

20. S08

1, 320, 389

per
sq. ft.

.44 i
.44 j
.46
.46

1, 147 404

! 1.312.677

Dollars

5,429
5, 958
7,110
9,160

105, 214
158, 676

1,225,485
1,350,895

J

Price
chrome
Unfilled
calf,
ProStuffed orders, duction
"B"
end of
grades 4
month
(Boston)

387, 500
381, 722
387, 697
379, 357

88,312

i 1.168.729

'

SKIVERS 1 :

400
095
156
502

92, 907
90, 065
87, 622

1 151 219

i

.«7
.50
.64
.83 '
.80
.91

23, 819
21, 9C6
21, 475
21, 164

1, 373, 255

June
July
August

1

27,411

1,063,945 | 20,261

1935
January
February
March
\pril

May
June

i

In
process Finished

Exports 3

Thousands of square feet

$0. 44 i

4. 3] 9
6, 751
*~ K ^0
3. 657

•

25, 657
24, 557

Stocks, end of
month 2

Price
sole, i Prooak,
ducscoured, tion 2
backs
(Boston)^
Dollars j
per
;
pound

1,217,570
1,212,650
1,173,448

__

September
October
November
December

1926
January
February
March
April

'

' 2 r.fi5

i

May
June
July
August

September
October . _
November
December

Fin shed

Thousands of pounds

1. 653 073
1 87rt ^'^ '

1920 monthly average. _
1921 monthly average. _
1922 monthly average. .
1923 monthly average.,
1924 monthly average. .
1925 monthly average. _

1

process

1

1913 monthly average
1914 monthlv average
1915 monthly average
1916 monthlv average
1917 monthly average
1918 monthly average
1919 monthly average

i

Exports

Total

Backs,
bends, and
sides
j

1924
i January
February
M arch
4pril

Stocks, end of
month 2

2

HARNESS
LEATHER i

UPPER LEATHER

171.247

156,366

261
551
242
076

76, 340
74, OU9

71,512
62, 933

149,
146,
144,
136,

125,322

135,871

.46
.46
.46
. 46

76, 274
73, 787
86, 013

96, 548
124, 900

111,404
120, 463

120,891
140, 844

110,428
96, 369

101, 437
120, 614
176, 343
200, 031

168,642
157, 592 :
125, 435

34,
29,
34,
35,

597
863
164
171

31, 536

26,108
28, 027
32, 057
33, 377
40, 539
38, 170

40,706

43, 977
41, 244
38, 933
29, 464
27, 691
30, 537
30, 613

i

!

i

Prior to July, 1922, these figures were compiled by the Tanners' Council. Since July, 1922, they have been compiled by the U. S. Department of Commerce, Bureau of
the Census, representing practically the entire industry, while skiver arid harness production prior to that date covered a much smaller proportion of the industry. Hence
the figures from July, 1922, on are not directly comparable with those for preceding months. Beginning December, 1919, the harness leather statistics cover amount of harness2leather "stuffed," rather than that produced, but the variation between these items is small.
Based on figures compiled by the U. S. Department of Commerce, Bureau of the Cenus. The data embrace returns from packers, tanners, dealers, importers, and manufacturers. Data on leather have been converted to pounds or square feet on the basis of the average weights of each class from original detailed reports in skins, sides,
backs, butts, pounds, etc., which may be obtained from the Bureau of the Census on request. Stocks in process represent leather in process of tanning, which takes,
several months to complete, while finished stocks are those completely tanned.
3
Data from U. S. Department of Commerce, .Bureau of Foreign and Domestic Commerce, comprising sole leather only.
4
Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices.
fl
Includes estimated production of firms outside the Tanners' Council.
o Four months' average, September to December.
7
Seven months' average.




53

Table 29.—LEATHER PRODUCTS
BELTING i

BOOTS AND SHOES

GLOVES 2

Wholesale prices 5

YEAR AND MONTH

i
I

Produc- Ex- 4
tion 3 ports

Sales

Founds

Thous.
of dols.

Thous. of pairs

Men's Men's
dress
black
welt
calf,
tan
blucher calf
(Bos(St.
ton)
Louis)

Women's
black
kid,
Goodyear
welt
(St.
Louis)

Glove leather 5

Gloves cut
Dress and street

Stocks (tanned)
Production

Dollars per pair

Total

Work
gloves

ImDoported mestic
leather leather

In process Finished

Dozen pairs

Number of skins
!

1, 171 L _
1,199
1, 354
1, 365
27, 602

842
827
1, 412
1, 623
1, 237
1,100
1,780

$3.11
3. 17
3. 25
3. 71
4.75
5.63
7. 60

$3.17
3.28
3.35
4.01
5. 68
5.65
7.77

$3. 00
3.00
3.00
3. 44
4. 50
4. 38
6. 60

1, 587
548
721
833
603
626

23, 793
26, 990
29, 260
26, 102
26, 963

1,403
746
450
612
526
550

8.95
7.00
6.51
6.43
6.25
6. 39

8.14
5.18
4.74
4.85
4.88
5. 13

7.66
5. 06
4. 42
7 3. 85
3.«
4.00

268
817
231
901

563
504
540
552

25, 240
22, 464
21, 389
25, 473

754
509
457
512

6. 25
6.25
6.25
6.25

4.85
4.85
4. 85
4.85

348, 251
338, 425
302, 794
324, 263

581
576
515
548

27, 716
30, 826
25, 322
24, 602

480
552
494
569

6.25
6.25
6.25
6.25

January
February
March
April

409, 252
360, 984
429, 404
380, 443

686
610
729
663

26, 077
26, 455
29, 886
29, 476

512
462
703
696

May
June
July
August

345, 926
367, 583
345, 709
351, 707

602
643
588
595

25, 107
23, 449
24, 758
28, 486

September
October
November.
December.

361, 138
363, 709
310, 542
343, 443

622
626
543
599

29, 769

1913
1914
1915
1916
1917
1918
1919

monthly average .__
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

754, 274
846, 664
739, 628
767, 423
710, 214

1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

694, 899
300, 090
430, 614
449, 109
353, 832
364, 153

21, 043

$809

._.

1
* 197, 593
188, 854
201, 878

8 37, 623 8 30, 847
32, 067
29, 955
41,064 30, 818

8

129, 123
125, 332
129, 995

488, 258
531, 840

1, 509, 719
1, 291, 178

528, 775
363, 802

3.85
3.85
3.85
3.85

443,
391,
318,
359,

984
880
586
165

1, 591, 638
1, 480, 288
1, 448, 544
1, 448, 968

676,
607,
546,
534,

486
912
653
581

196,
186,
163,
189,

744
998
730
752

34, 250
37, 807
31, 283
33, 279

4.85
4.88
5.00
5.00

3. 85
3.85
3.85
3.90

439, 740
525, 459
475, 959
513, 391

1, 400, 848
1, 365, 963

493, 927
404, 552
350, 246
288, 157

187,
197,
163,
159,

826
927
045
038

36, 698
34, 920
24, 401

28, 463
29, 523
23, 684
22, 626

131, 706
104, 441

6.35
6.35
6.40
6.40

5.00
5.07
5.15
5.15

4.00
4.00
4.00
4.00

551,
578,
563,
557,

681
710
845
211

1, 401, 895
1, 392, 075
1, 319, 780
1, 347, 439

257, 567

181, 139
192, 264
204, 240
210, 786

32, 562
35, 632
41, 175
43, 395

26, 932
31, 966
35, 610
34, 007

121, 645
124, 666
127, 455
133, 384

696
559
488
458

6.40
6,40
6.40
6.40

5.15
5.15
5.15
5. 15

4. 00
4.00
4.00
4.00

535,
494,
442,
456,

431
052
059
059

1, 286, 092
1, 269, 346
1, 205, 971
1, 167, 838

421, 251
420, 949
382, 678

206, 354
210, 598
196, 614
207, 094

43, 619
44, 970
40, 153
45, 986

30, 536
34, 578
32, 374
31, 932

132, 199
131, 050
124, 087
129, 176

401
515
557
557

6.40
6.40
6.40
6.40

5.15
5.15
5.15
5.13

4.00
4.00
4.00
4.00

482, 137
560, 730
576, 743
583. 426

1, 127, 024
1, 287, 706
1, 353, 367
1, 335, 608

343, 559
328, 282
324, 050
395, 767

207,
223,
201,
180,

796
44, 315
118
48, 637
767 | 41, 606
761 ' 30, 718

24, 437
30, 121
29, 870
27, 455

139, 044
144, 360
130, 291
422, 588

1934
May
Jane

July
August

-- - .

September
October
November
December

_

__

330,
288,
320,
326,

1,370,615
1, 304, 152

32,811

32, 362
28, 794

25,711
30, 466

130, 132
120, 397
106, 736
126, 007

126,552
112,011

1935

1936
January
February
March
April.
May
June

31,055
24, 630
24, 404

311,005
362, 162
399, 148

419,211

i

i

1
Data on sales of oak leather belting from the Leather Belting Exchange from reports of from 32 to 39 members, estimated to represent about 60 per cent of the industry.
Monthly data from 1920 appeared in the May, 1922, issue (No. 9), p. 67. Details by qualities are presented in the association's reports, while earlier reports also present data
by geographical districts.
2
Reported to U. S. Department of Commerce, Bureau of the Census, by 206 identical factories (including data in earlier months for 1 factory now out of business) representing 87 per cent of the leather-glove industry according to the census of manufactures, 1921.
3
Compiled by U. S. Department of Commerce, Bureau of the Census, from over 1,000 firms each month, comprising almost the entire industry. Figures for the years
1914, 1919, and 1921 are those reported by the census of manufactures for those years. Monthly data from November, 1921, appeared in May, 1924, issue (No. 33), p. 97.
Further details as to classes given in press releases.
4
Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include men's and boys', women's and children's boots and shoes but exclude
slippers, athletic shoes, sandals, and other leather footwear.
5
Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices. Monthly data from 1920 on the St. Louis quotations appeared
in the September, 1922, issue (No. 13), p. 47.
e Compiled by U. S. Department of Commerce, Bureau of the Census. Stocks of glove leather are those held by tanners.
? Type of shoe on which quotations are based changed in January to 7^-inch top instead of 8^-inch top as formerly.
s Average for last 6 months of year.




54

Table 30.—CRUDE AND SCRAP RUBBER

YEAR AND MONTH

(quarterly)

24, do3
31, 800
34, 398
35, 101

38, 572
63, 546
68, 739
75, 444

15, 449
25, 090
25, 757
27, 450
33 103
'

1923

5

1

Consul] iptlon 2
(quar terly)
Im- 3
World
ship- ports
ments, (includplanta- ing
For
tion^ latex) Total
tires

Stocks
in
United
Kingdom, 4
Afloat end of
month

Stocks, end of quarter 'Manu- Dealfacers
turers

Total

Stocks,
plantation,
afloat,i
end of
mouth

31,280
51, 801
55 238
62. 9IG

83, 994
85, 935
85,450
59. 458

7, 772
9, 705
11,296
12, 562

ft
(i

tion

£t!Jf~

Dolls.
per lb.

27,
29,
22,
27,

217
818
294
464

29, 671
39, 523
33, 589
40, 026

76,
78,
65,
52,

529
296
345
581

Consumption
by reclaimers

Stocks
at reclaimers

!!»

Long tons

1921 monthly average.
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

SCRAP
RUBBER
(quarterly)

RECLAIMED
RUBBER 2

CRUDE RUBBER

31. 038 $0. 182
42. 284
. 183
46, 973
. 249
49, 654
.211

Long tons

17.078
26, 894
17, 384
19, 018

8, 217

23, 018
34, 422
22, 002
23, 415

37, 496

508
i

1

j

May
June
July
August

32, 238
30, 957
28, 215
31, 500

35, 702
35, 352
19, 926
19,081

September
October
November
December

33, 763
33, 774
32, 565
40, 979

11, 564
17, 622
15. 546
29, 731

38, 553
33, 467
37, 125
32, 684

21,911
31, 513
20, 730
37, 966

May
June
July _
August.

31, 595
29, 237
33, 896
34, 992

27, 753
22. 380
19, 474
21, 772

September.
October
November
December

38, 960
34, 290
36, 599
39, 823

26, 801
38, 997
33, 691
26, 407

33, 021
35, 539
43, 027
37, 326

32, 898
24, 700
33, 072
32, 506

39, 942
43, 848
43, 041
42, 990

36, 932
32, 154
32, 455
33, 413

44, 496
46, 830
48, 126

26, 367
34, 651
37, 755
40, 329

80, 544

65, 253

100, 885

50, 059

38. 428

85, 658

12, 884

15. 106

27, 990

8, 843

15. 965

24, 808

28, S90

36, 465

|
57, 255

44, 968

72, 920

60. 918
57, 108
55 937
54 243

48,
51,
45,
44

000
960
200
700

.249
.250
.239
238

60,
65,
66,
66,

697
168
566
828

43, 270
46. 600
43, 650
51, 600

.246
.215
.204
.203

63, 812
62 822
61, 554
60, 640

53, 300
48, 700
50, 130
4-7, 540

.199
. 191
.171
.168

56,811
56, 134
56.816
54, 298

44, 300
41, 800
45, 650
48, 160

.173
.164
. 170
.211

48, 058
40, 936
36, 666
32r 425

53, 700
50, 600
54, 300
57, 670

.227
.262
.286
.315

29, 982
25, 729
19, 977
14, 270

54, 030
48, 300
49, 590
53, 500

.318
.307
.346
.340

6,660
5, 824
4,740
5,107

57, 270
58, 940
56, 800
62,400

.420
.619
.825
.663

6,206
5,855

63, 220
63, 570
67, 100

.590
.773
.853
.764

15, 017

20. 917

15, 108

19, 685

20, 241

25 223

1924
January
February
March
April

_

_ _

1935
January _
February.
_
March
April
May
June
July
\ugust

September
October
November
December

_

_ _

74, 848

68, 107

60, 920

56, 323

68, 947

64, 408

10, 440

9,121

30, 463

15, 159

40, 903

24, 280

75, 432

64. 525

49, 645

14, 353

36, 407

50, 7CO

83, 391

69, 894

54,831

16, 332

27, 827

44, 159

87, 642

71, 343

54, 502

16, 272

29, 982

46, 254

95, 771

82, 007

47, 770

22, 525

26, 183

48, 708

91, 534

78, 552

33, 131

24, 668

25,812

50, 480

21. 834

7,885

36, 023

28, 043

8. 524

35, 550

23, 773

_.-

12, 297

!

i

16, 678

7, 620

37, 136

22, 498

. 25, 263

8,838

41, 273

31, 344

25, 353

9. 238

40, 045

32, G30

27, 523

8,820

46, 152

35,414

31, 909

7,762

74,809

40, 780

1

1926
January
February
March
\pril
May
June
1
World shipments and floating stocks of plantation rubber from the World's Rubber Position, a British publication. Details of shipments by countries are given in the
publication, as well as amounts retained by the principal importing countries.
2
Data compiled by the Rubber Association of America. Inc., from reports of about 285 members and nonmembers representing the principal manufacturers, importers,
and reclaimers in this field. It should be noted that these consumption and production data represent quarterly, not monthly, totals, while stock figures are shown as of
the end of the quarterly period indicated, and annual averages in these columns are of quarterly, not monthly, data.
3
Imports of rubber, including latex, into the United States from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
4
Stocks of crude rubber in the United Kingdom, from the Rubber Growers Association (British), represent aggregate stocks at wharves and warehouses in London and
in six recognized public warehouses at Liverpool. Monthly data from 1920 appeared in the September, 1923, issue (No. 25), pp. 55 and 56.
4
Wholesale prices are averages of weekly quotations of Para Island rubber in New York, compiled by the U. S. Department of Labor, Bureau of Labor Statistics.




55

Table 31.—RUBBER PRODUCTS
AUTOMOBILE TIRES 1

Pneumatic tires
YEAR AND
MONTH

|

Production

ShipStocks, ments, Proend
doducof
month mes- tion
tic

ShipShipStocks, ments, Pro- St'ks, m'ts,
end
do- duc- end doof
of
month mes- tion mo. mestic
.tie

RUBBER HEELS 3

Production

Haw material
consumed

Solid tires

Inner tubes

1

RUBBERPROOFED
FABRICS 2

;

Shipments

doth-!

Production

Stocks,
end of
month

To
shoe
To
manu- repair
trade
facturers

^-ss
Thousand? of
pounds

Thousands

Auto
Total fabrics en£
fabrics [

Thousands of yards ;

Thousands of pairs

1 528
2,026
2, 649
2,085

'.

7G9
1, 316
927

696 j
640
526

15, 243
15, .523

9, 889
10, 412

4,172
4,751

33, 962
33, 110

|

1921 mo. av._
1922 mo. a v _ _
1923 mo. a v _ _
1924 mo. av__
1925 mo. av_ .

1,818
2,558
2,829
3,227
3. 803

4, 213
4,867
5,621
5, 395
5,904

1, 906
2, 435
2, 749
3,047
3, 606

2, 259
3,178
3, 757
4, 419
5,163

4, 568
6, 039
7,306
7,459
8, 297

2 292
3, 055
3, 630
4, 173
4,963

35
66
57
47
52

231
193
246
161
130

44
56
44
M

17 922
6, 696
9, 257
27, 301
30, 604
9, 861
11. 86S • 37,821
46. 033 '
14 025

1933
Mav „. ...
*
T
June..
July
August

3,660
2, 957
1, 993
2, 356

6, 907
7,041
6, 471
6, 058

2, 758
2, 492
2, 5? 9
2, 807

4, 318
3, 590

9, 292
8,924
7, 396
6, 951

3, 414
3, 581
3, 942
4, S04

72
42
48

208
283
264
263

67
52
45
46

12, 888
10, 085
6, 836
8, 178

47,671
32,003
21,367 i
24, 597 !

2,948
2, 388
2, 266
2, 1 64

1,742
1, 276
1,273
I, 017

553
433
433
495

16, 758
14, 566
11,318
12,824

8, 660
8, 598
8,153
9, 947

3,446
3, 493
3, 609
4, 101

36, 438
42, 910
41,508
39, 653

September. __
October
November
December

2, 030
2, 361
2,400
2,437

5, 398
4;, 876
4, 689
4, °,29

2, 624
2, 820
2, 456
2, 60i

3, 255

3,684
3: 596
3, 4.22
3, 497

37
?>7

S, 289

6, 457
6, 898
fi, 694
6,318

32

249
23 ft
178
149

46
48
43
56

6, 656
8, 431
7, 939
8, 387

21,256 |
24, 114
23, 109
24, 772 |

2,418
3, 043
2, 410
2, 664

1, 076
L 264
999
1, 534

593
907
771
551

12, 373
13, 980
15, 134
14, 353

9, 513
10, 666
9.724
8, 921

5, 031
5, 673
4, 495
3, 625

37, 472
33, 261
32, 767
35, 517

1924
January
February
March
April.

3, 220
3,279
3. 428
3, 307

4, 808
5, 265
5, 763
6, 164

2, 785
2,801
2, 902
2, 920

3,8«8
4, Oo8
4, 219
4, 035

6, 720
7. 339
8, 158
8, 627

3, 476
S?330
3, 421
3, 521

48
55
61
59

152
161
174
185

37
43
50
4G

11, 706
11,447
12, 008
12, 287

37, 786
33, 466
36, 909
37, 238

2,756
2,652
2,%14
2, 087

1,476
1, 485
1, 529
995

522
455
468
370

14, 226
16, 036
17, 158
15, 838

11, 807
10, 668
12, 351
9, 109

4, 156
3, 591
3, 653
3, 899

31, 048
35, 113
36, 471
37, 884

May..
June _
July
August

3,039
2, 030
2,552
3, 235

6,331
6, 156
5, 138
4, 477

2, 679
2, 603
3. 4;<i
3, 683

3 74^
3, 493
3, 857
5,016

8, 762
8, 106
6, 634
f.,758

3, 559
3. 858
5, 318
5, 552

50
38
31
38

188
176
165
146

47
46
40
45

11,903
10, 067
9, 789
12,471

35, 474
31, 229
32, 625
40. 385

L 428
1, 400
I, 325
1, 668

597
562
509
658

303
337 1
3H9 1
543 !

13, 030
12, 243
10, 451
11,476

8,364
7, 018
9, 262
10, 431

4, 551
5, 179
4, 677
5, 098

38, 024
36, 632
32, 144
28. 245

September
October
November. ._
December

3, 531
3,877
3,190
3, 438

4, 524
5,338
5, 207
5, 571

3,31.9
3,046
3,273
3, 008

5,506
o, 896
4, 6C2
4,704

6, 039
7, 352
7, 668
8,289

5, 119
4, 177
4, 679
45 066

42
48
42
46

142
145
149
154

46
45
41
39

13, 171
13, 205
12, 191
12, 172

43, 921
46, 045
39, 812
38, 95o

2, 297
2, 830
2, 151
1, 615

884
1,181
752
497

784
998
699
490

16, 666
22, 202
18, 121
18, 831

11,594
14, 060
9,813
10, 472

5, 783
6, 737
4, 885
4, 797*

27, 722
28, 948
31, 486
33, 608

1935
January
February
March..
A pril

3, 555
3,681
3, 957
4,005

5, 962
6, 696
7,132
6, 816

2, 994
2,835
3, 392
4,014

4, 757
4. 755
5, 250
5,139

8, 677
9, 767
10, 677
10, 213

4,107
3,625
4, 176
4, 933

43
43
46
52

160
153
143
135

32
43
52
53

12,311
13, 364
15, 041
14, 902

42,
41,
46,
48,

171
72.1
366
155

1, 548
1,815
1, 945
1,680

581
602
628
600

342
440
463
413

19, 170
17, 627
18, 329
14, 971

11, 180
10, 089
9,524
9,033

3,182
2,870
4,681
5, 555

37, 539
42, 303
44, 515
46, 733

May
June
July
August

4,100
4,063
4, 191
4,205

6,458
5, 432
4, 815
5,446

4,333
4, 950
4, 624
3, 454

5,134
5, 207
5, 658
5, 713

9,376
7,807
6,477
6, 953

5,908
6, 683
6,761
5, 101

58
64
58
62

124
116
112
125

68
70
58
44

14, 985
15, 840
16,014

47, 639
53, 367
53, 197
52, 171

1,524
1,595
1, 587
2,326

518
566
595
646

452
529
693
1, 206 j

14, 518
14, 002
13, 472
15, 469

8,006
10, 229
10, 166
11, 046

5,264
6,045
8,509
7, 209

47, 076
46, 774
37, 740
34, 927

September
October
November
December

3,755
3,379
3,172
3,570

5,761
5,003
5,216
6, 106

3, 293
4,088
2,667
2,597

5,440
4, 959
4,699
5,249

7,463
6,545
7,119
8,485

4,851
5,764
3, 982
3, 665

56
45
42
51

136
127
119
114

39
, 55
47
55

14, 025
12, 446
11,349
12.261

1,452

19, 471
21,853
17, 233

12, 251
12, 338
10, 282

5,764
7,137
5,987

35, 512
38, 675
37,611

j

j

1926
January
February
March
April

3. 578

97

j
i

i

l

1r

i

:

46, 745
42, 211
38, 876
39 771

.. _ . _

__

1

i

i

j

!

j
1

i

i <JO

75ft

l
j

May .June

*- t.C'

itjy

456

i

!!

Compiled by the Rubber Association of America and represent about 75 per cent of the industry. The number of firms has increased from 36 in November, 1920, to
a maximum of 66 in 1922, the number standing, at present, at about 45. It is stated by the Rubber Association that this variation in the number of firms does not change
the totals to any great degree, except for the omission of the Firestone Tire Co. beginning in September, 1921. Association reports show details by sizes and classes.
2
Compiled by the Rubber Association of America, auto fabrics representing about 60 per cent and other classes of fabrics about 85 per cent of the total output of the
respective products.
3 Compiled by the Rubber Association of America representing approximately 70 per cent of the entire industry.




Table 32.—NEWSPRINT PAPER AND PRINTING
MCATH>N~

Stocks, end of month

Consumption 2

Production i

YEAR AND MONTH

Dolls. per
100 Ibs.

Short t DII.?
I

1913
1914
1915
1916
1917
1918
1919

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

;

110,248
14.2, 091

38. 098 !
31,713
24, 035
23, 929

Thousands | Rel. to
1924
of books

>:
.18, 320
26, 290
30, 701
39, 019
46, 593
49, 689
52,311

J

113,858
106, 049
114,880

Number of
editions

i

'

113,251 i
105, 024
114,543

American
IraShipTotal
nian- ; ported5 ments 6 activity7
ufac- jbooks
ture^

Price,

In
Exroll,
4* min^ At
transit Imports 3 ports 3 f. o. b.
Atmm» ; H s hpub- | to pubers2
mill *
lishers i

Shipments 1

SALES PRKVTBOOKS | ING

B

NEWSPRINT PAPEE

:

124, 789
154, 952
155, 185

41, 155
40, 983

1

3, 608
5, 066
4, 597
6, 395
7,822
8,062
9,189

$2. 25 i
2.25
2.05 i
2.70 '
3.35
3.41
3.88

814
763
616
733
728
695
648

206
238
195
136
110
75
67

i

9,850

i

125, 997
102, 103
120, 641
123, 750
122, 548
127, 126

148, 760
147, 957
170, 738
151, 179
136, 828

125, 215
102, 172
121, 035
123,111
122, 505
127, 453

23, 324
29, 940
22, 837
22, 205
29, 357
26, 875

144, 712
138, 797
171,121
175, 797
176, 855

52, 006
23,211
36, 657
40, 601
33, 941

60, 822
66, 040
85, 772
109, 058
113,085
120, 687

3, 824
1, 401
2, 147
1, 363
1,429
1,895

6.00
5.00
3.69
3.89
3.83
3.70

621
581
604
626
611
667

81
113
116
113
144
131

11,118
8, 264
10, 083
11,488
11, 200
11, 918

January
February
March
April

130, 435
118,801
119.464
128, 757

129, 290
128, 438
145, 159
145, 797

124, 888
117,033
119,062
127. 878

2S, 631
30, 314
30, 742
31,768

183, 229
179, 945
176, 694
166, 675

38, 873
38, 849
31,513
31,302

107, 594
103, 337
121,904
111,944

1,682
1, 406
1, 314
1,592

3.88
3.88
3.88
3.88

456
529
657
572

178
142
184
129

11, 258
11,661
11, 439
10, 574

104
100
107
111

May
June .
July
August

134, 827
12], 217
114,859
lift, 288

144, 579
139, 426
120. 582
120, 564

131, 758
122,618
118,933
117, 059

34,718
33, 487
28, 427
28, 831

166, 068
161,931
178, 324
189,097

32, 240
32, 435
32, 984
36, 143

113,262
116,547
112,173
110, 228

1,421
1,890
990
1,475

3.88
3.88 i
3.78 i
3. 78

653
499
477
610

130
117
94
165

10, 382
11, 725
9,877
11,036

105
92
91
93

116,753
1 29. 85 •>
1 18. 275
121, 053

131,584
147,448
145, 363
143, 712

116, 743
130, 282
121, 658
122, 148

28, 439
28, 229
25, 062
23, 838

196, 716
187,158
169, 398
167, 024

30. 058
33, 575
36. 394
32, 935

107, 980
114, 121
112,442
125, 241

908
1,677
1,454
1,350

3.78
3.78
3.78
3.78

641
799
905
530

149
93
181
161

11,751
12, 584
10, 799
12, 032

93
105
93
106

129, 005
113,831
127 511
132,661

139, 039
131, 242
153, 322
151,462

126, 860
114, 048
126, 269
129, 881

26, 268
25, 888
26, 414
29, 446

164, 845
164, 399
156, 940
154,912

31, 726
33, 667
33, 898
30, 032

112, 586
110,942
127, 918
123, 673

1,573
1, 875
1,007
1,928

3.70
3.70
3.70
3.70

644
543
756
694

131
152
108
186

11, 186
11,375
12, 874
11, 565

101
97
111
109

129, 026
128, 430
121, 113
120,902

155,
141,
131,
135,

126,
126,
119,
119,

487
456
149
752

32, 037
31, 8f54
34, 079
35, 077

139,
151,
166,
167,

471
083
368
1 19

35, 617
31, 522
29,617
30, 233

123,
126,
117,
102,

457
907
479
741

2,161
3,126
968
1, 558

3. 70
3.70 j
3.70 |
3.70 '

763
527
546
699

172
112
79
139

11, 284
13, 054
9,533
12, 042 !

101
96
91
90

121,019
135, 225
130, 102
136, 681

145, 082
167, 515
163, 935

127, 409
142, 204
133, 199
137,718

27, 326
20, 446
17, 418
16, 238

159,926
144, 333
131,236

31,054
33, 261
34, 635

110,688
145, 088
124, 681
12^, 084

1, 869
1,784
2,947
1.943

3.70
3.70
3.70 ;
3.70 1

695
977
668
489

117
157
126
95

12, 973
12, 654 <
12, 172 :
12, 275

96
107
99

101
100
100

1934

September..
October
November
December

._

i

1925
January
February
March
April

May.
June July
August

_

September
October
November
December

944
083
001
054

1926
January
February
Mi arch
April__

May
June

;

•_

'

_

i

!

I

:

;

:

i1.

!
!

;

j
i!
j

1

Data on production, shipments, and mill stocks of newsprint prior to May, 1923, from the Federal Trade Commission; since then from the Newsprint Service Bureau,
covering almost the entire industry.
2
Consumption, publishers' stocks, and stocks in transit, compiled by the Federal Trade Commission through May, 1923, have been compiled since then by the
American Newspaper Publishers' Association from the reports of about 422 publishers who were included in the 600 reporting to the Federal Trade Commission and
had on hand on May 31, 1923, a total of 133,312 tons of paper as against 176,347 tons held by those reporting to the Federal Trade Commission on that date. Monthly data
on newsprint paper from 1920 appeared in June, 1922, issue (No. 10), pp. 45-47.
3 Imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Prior to Sept. 1, 1916, imports include only paper valued at
not above 2.5 cents per pound; from Sept. 1, 1916, to Apr. 24, 1920, not above 5 cents per pound; and from Apr. 24, 1920, to date not above 8 cents per pound.
4
Newsprint prices, averages of weekly prices, from U. 8. Departrnejit of Labor, Bureau of Labor Statistics.
5
Compiled by the Publishers' Weekly. Books imported are books of foreign manufacture, catalogued and marketed by American publishers. Between 10 and 15 per
cent of the books manufactured in America are new editions, the remainder being new books, while about 95 per cent of the books manufactured in this country are by
American authors.
e Shipments of sales books by manufacturers from the Sales Book Manufacturers Association, reported by 11 manufacturers representing about 90 per cent of the industry
east of the Rocky Mountains, the sales books included are those commonly known as d uplicate and triplicate books used by retail stores in recording their sales; all sizes
and 7styles are included. Interchangeable covers and accessories are not included.
Printing activity, from the United Typothetse of America, is based on productive hours reported by plants in 52 cities in 30 States, each department being weighted for
the combined index.




57

Table 33.—BOX BOARD AND PAPER BOXES
1 PAPER BOARD SHIPPING BOXES 2

BOX BOARD i

j

YEAR AND
MONTH

Operation

Unfilled
Produc- Orders orders,
tion
received end of
month

Consumption,
waste
paper

Inch hours Per ct.
capac.
1921 mo.avj
1922mo,av
1923 mo.av
1924 rno.av 8, 015, 890
1925 mo.av 7, 907, 686

Stocks of waste paper,
end of month

Ship- Stocks,
end of
ments month

Operating
time

Un-

In
shipped
transit pur-

On
hand

chases

1

Production

®
A

<C
TS

Total

Corrugated

SoZid
fiber

I

Per cent of
normal

Short tons

147, 745
169,384
91.7 | 178,733
96.5 | 189,378

Corrugated

!

Thousands of square feet

50
70
79
74
78

96, 768
100, 798

170, 728
179, 118

178, 434
189, 715

48, 667
52, 968

155, 697

14, 61 £

167,350

14,726

31, 782
29, 618

65
81
79
79
75

226, 622
291, 036
306, 743
350, 418

231, 190
273, 183

77, 299
79, 882
75, 553
76, 397

82
78
80
82

76
76
77
78

286, 603
275, 679
290, 754
285, 059

208, 705
195, 288
205, 725
190, 760

77, 8Q8
80, 391
85, 029
85, 299

79
81

178, 912
190, 156

45
66
79
72
78

80
77
79
81

I

76
88
86
66

256, 701
310, 795
286, 200
256, 022

195, 480
228, 085
208, 129
204, 232

61, 221
82, 710
78, 071

149, 323

211,654

1

1933
Mav
June
July
August

189, 106
173, 601
147, 244
189,684

September
October. __
November
December.

7, 870, 161
7, 592, 164

1934
January— .
February .
March
April ..

i

83.0
80.1.

162,
183,
161,
150,

663
477
536
339

167, 137
152, 097

88, 020
93, 616

8, 542, 957
8, 290, 289
9, 194, 400
8, 574, 444

86.7
87.5
93.3
87.0

181, 953
179, 854
200, 411
182,817

198, 156
167, 855
195, 635
158, 980

111,825

May
June
July
August.—.

8, 253, 431
6, 693, 453
7, 174, 718
7, 973, 129

83.7
84.1
86.0
100.2

173, 483
151, 414
164, 762
183, 570

165, 868
186, 259
202, 919

September
October...
November
Deceinber.

8, 036, 712
8, 422, 014
7, 546, 373
7, 488, 756

101.0
96.6
104.7
89.8

188,
196,
170,
170,

669
633
550
674

168, 299
180, 846
174, 184
180, 284

1935
January--- 8, 388, 897
February . 7, 550, 968
March
7, 569, 995
7, 654, 378
April

105.4
99.3
90.5
91.6

199, 633
177, 292
179, 067
185, 866

199, 649
162, 724
169, 924
169, 914

112, 911
100, 403

7,111,776 89.1
7, 983, 150 95.5
8, 272, 036 94.6
8, 069, 721 101. 1

163, 956
190, 310
196, 522
196, 527

175, 246
193, 564
218, 013
211, 385

83, 415
92, 022

September 8, 152, 403 102.2
October... 8, 438, 784 100.9
November 7, 923, 058 99.3
December. 7, 777, 060 89.0

198, 749
204, 492
193, 140
186, 776

191, 840
207, 178
195, 142
189, 295

May .
June
July
August

167,658

150, 131
146. 796

165, 532
146, 501

40, 852
44, 690

151, 611
171, 550

10, 628
12, 990

23, 333
22, 882

68

79
79
74
68

103, 643
97, 181
73, 629

170,
169,
186,
169,

291
644
463
573

179, 947
176, 037
202, 097
182, 532

46, 696
50, 513
48, 827
49, 112

132, 010
127, 259
144, 118
143, 601

14, 324
14, 353

15,417
11,918

40, 891
27, 100
24, 480
27, 631

72
78
83
76

68
75
80
74

85
87
90
82

295, 168
315, 376
344, 083
327, 911

211, 686
229, 575
247, 460
245, 975

83, 482
85, 801
96, 623
81, 936

68, 676
85, 414
105, 009
122, 927

165, 479
148, 440
158, 734
181, 752

170, 821
150, 920
166, 664
184, 941

51,774
52, 268
50, 366
48, 935

142, 319
159, 767
165, 802

11, 632
13, 674
16, 939
17, 002

28, 854
34, 022
34, 870
34, 919

72
67
64
68

69
66
64
65

80
70
63
74

297, 764
255, 561
269, 108
287, 937

225, 103
193, 800
205, 723
219, 141

72, 661
61, 761
63, 385
68, 796

103, 056
87, 563

182, 521
189, 187
162, 771
163, 878

191, 203
198, 352
169, 018
168, 677

46, 401
44, 682
46, 214
48, 211

15, 319
14, 921
15, 523

14,329

41, 766
27, 804
29, 423
31, 620

52
77
78
75

69
77
77
74

79
78
80
76

302, 181
331, 390
332, 824
321, 617

231, 066
256, 410
259, 390
248, 956

71, 115
74, 980
73, 434
72, 661

193, 285
170, 023
170, 363
170, 487

195, 501

176,254

52, 466
53, 960

180, 736

51,835

172, 382
172, 456
176, 035

179,772

57, 212

176,035

18, 846
16, 635
13, 199
14, 307

34, 974
27, 110
22, 948
32, 590

71
76
78
74

70
76
79
76

73
76
75
67

302, 291
333, 431
341, 769
330, 616

228, 084
263, 862
268, 335
256, 409

74, 207
69, 569
73, 434
74, 207

168, 353
184, 928
190, 667
204, 766

53, 327
59, 452
64, 600
55, 560

174, 726
166, 467

111,919
119,248

159, 095
179, 253
184, 295
187, 301

12, 686
13, 872
11, 953
14, 598

26, 129
25, 246
34, 358
29, 761

74
74
76
79

75
73
75
80

69
76
77
74

325, 426
321, 836
340, 608
361, 424

250, 406
242, 992
257, 879
286, 261

74, 980
78, 844
82, 709
81, 163

109, 191
101, 987
103, 304
105, 993

187, 620
189, 684
181, 326
175, 989

202, 599
213, 019
193, 847
186, 606

51, 699
46, 054
44, 541

155, 476
168, 305
166, 087
173, 955

13,866

35, 721
30, 324

81
88
86
73

82
90
88
73

79
81
80
71

370, 315
422, 548

290, 698
341, 384
322, 112
275, 772

79, 617
81, 164
77, 299
69, 569

94,711
107, 584

90,062
79, 127

44,911

161,793
172,240
175, 946
164, 065
179, 442

160,099
149,984

18, 587
15, 010

13,156

31,918
24,340

409,411
345, 341

51,790

1936
January
February
March
April

May...
June

"

"I"'"

1 Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 89 identical manufacturers each month, including figures from the members of the
Paperboard Industries Association, formerly included in the Box Board Association, prorated from weekly reports. These box board data included any paper board of more
than 0.009 inch thickness, such as strawboard, chip board, news board, etc., used for making boxes. Similar paper board designed for making specialties, and boards of less
than 0.009 inch thickness are not classed as box board. Capacity data are determined by the number of working-days in each month, Sundays and holidays excluded, until
the end of May, 1924, with Saturdays also excluded since June 1, 1924, when the five-day week (with Saturday used for clean-up and repairs) was adopted by about 80 per
cent2 of the mills. The data almost completely cover the box board industry.
Data from the Paperboard Industries Association, comprising the former National Container Association, which in turn had merged the statistical activities of the Container
Club and the National Association of Corrugated and Fiber Box Manufacturers, who formerly reported separately. Thirty identical companies report corrugated board data
and 11 report solid fiber data. Data for the former individual associations, extending back to 1919 for the Container Club, are given in the August, 1923, issue (No. 24), but
are not comparable with data shown here, as the former National Association of Corrugated and Fiber Box Manufacturers reported in their totals single face board (used
principally for wrapping purposes), which Ls excluded from the tabulation above. Monthly data for 1921 and 1922 on the present basis, including relative prices of finished
board and raw materials, appeared in the November, 1923, issue (No. 27), p. 89. The production of boxes is measured by the area of board passing through the box machines.




58

Table 34.—PAPER
BOOK PAPEE i
1

Uncoatedi

YEAR AND
MONTH

&

3 g

j 1

P
'p

£* 35 3

5

15 f 3

||
|

Production

Coated *

j

Total i

i

WaAPPI
PAPEl

!
jj
:

!

• | | I E ! Ppftdn - IStocksJ Pro- St
end of
Bg >g S5° « n " c " i e n d o f |! dueei
SS o P^*^
! month i | tion month
m

Per cent of normal Days Per cent of normal „
production
±->&y$
production

!

1922 mo. av...|
1923 mo. av...
1924 mo. av...i 92
1925 mo. av... 86
1923
September
October
November
December.

Production

Stocks, Produc- Stocks, Produc- Stocks, !
end of
end of
end of
tion
tion
month
month
month

Sho
_. , . . ! .

_. _ . _ i

1

1917 mo. £
1918 mo. av_.
1919 mo. av_.
1920 mo. av_.
1921 mo. av_.

TOTAL PAPEE-';
(including news- !
print and
i
boxboard)
!

ALL OTHERS
GRADES

FINE PAPERS

^ .,J

91
86 i

!

i
!

j
i

j
'
_, i < . i

1924
January
February
March
April-

79
93
99
98

So
96
98
100

May.
JuneJuly..

98
97
82
86

94
88
85
89

91
98
98
85

89
94
91
84

,.

r

82
94

13
12
15
12

87
93
94
95

90
98
95
86

120
96
99
94

88
74
81
88

i ••>
9

_
99

Cj

87
96

96
94
90
93

87
83
88
82

10
7

7

92
101
105
96

91
91
98 100
101 - 102
01
99

10
11
13
11

,; ,y;,

85

M
15
17
17

100, 254
97, 2-16
104, 053
109. 134

89

•\f)

1CS, 257

88
94

i*
12
13

94. OH)
93. 401

95
101
102
93

%
96
97
94

13
; •>
12
1 ''

102
100
107
102

98
106
103
99

108

15

108
98
92

15

8

95

89

83

11

8

90
87
91

80
88

81
Of)

10
11

107, I OS
103, *
101,817 !
105,890 I

61,600
64,004 !

87, 586
93, 002

90
94
94
91

87
93
93
90

88
94
89
95

12
11
11
12

103, 772 j 64, 064 j
111,036 | 64, 705
105,484 j 63.411 |
107,594
64.045 i

89. 076
99, 916
86,602
85.267

10

100,369
104, 725
105,772

1.925

January-.
February
March...
April
May.
June.
July..
ist

3mber
ber
3mber
mber

95
101
100
100
95

93

79
74

70
70

77
73

73

72
77
80
78

77
80
82
78

67
77
75
79

7
7
6
jj

10S. 945
103, 498
1 13, S48
111, 571

928
ary
uary
March.
3h
1
April.

i

35,143
36,399

93,481 i 35,750
86,495
41,235
80,274
37,045
74,774 ! 38,256

94, 629
99, 672

67. 594
65, 612

636, 810
652, 392

102, 195
49, 558
107, 891
49, 923
96, 037
50, 289
50, 113 | 88, 771

63, 989
61,551
61, 126
65. 112

650, 561
699, 815
648, 410
643, 545

350, 117
329, 1 74
317, 057
315, 193

50. 001
51, 145

!

i

•

j

MayJune _




105,514 1
99,284

364, 119 j
389,767
383, 388
370, 742

!

i

i

59

Table 35.—WOOD PULP AND PAPER PRODUCTS
1FOLDROPE
!
ING
PAABRASIVE
LAPAPER
PAPER AND
PER BELS i !
Mechanical
i:
Chemical
CLOTH^
SACKS
BOXPrice, i ESS
ConConsulsumpsunupProduc- tion and Stocks, Imports5 Produc- tion and Stocks, Imports phite,
end of
end of
Domes- Foreign Shiption ^
tion 4
unNew orders
ship- 4 inontli 4
ship- 4 month 4
tic sales
sales
ments
bleachmen is
ments
ed «
WOOD PULP

YEAR AND MONTH

Dolls,
per 100
Ibs.

Short tons

'•
1

25 521
31 130

!

3* f!Q1

1909-1913monthlyav.
1(H3 monthly av
1914 monthly av
1915 monthly av. ...
1916 monthly av

125 078

1917 monthly av
1918 monthly av
1919 monthly av
1920 monthly av

120, 589
108,617
120,817
131, 525

117,804
109,817
120, 660
132, 308

1921
1922
1923
1924
1925

105, 668
123, 495
131, 073
145, 727
141,489

100, 214
127, 802
131, 266
139, 796
142, 695

166, 889
136, 664
95, 900
195, 007
225, 620

16, 000
17, 965
24, 957
20, 929
27, 657

127,
165,
185,
199,
204,

786
198
253
140
443

127, I')/
166, 13-*
200, f 4~
200 7' 3
204. M6

>
52
>J,
>
'i,

1934
January
February
March
A pril

179, 503
143, 715
154, 466
213, 054

147, 445
131, 920
131, 586
179, 138

126, 134
136, 334
163, 692
205, 225

17, 660
17, 637
22, 552
18,431

220 792

222 711
19'), ^8
20 s 1 2
2Ji,(/<0

May
June
July
A ugust

185, 4(33
152, 606
98, 009
116,540

146,
144,
125,
128,

251, ISO
249, 463
226, 798
218, 334

13, 291
13, ISO
18, 042
21,204 !

18), 4J1
194 64b !
17b, 1^6 I
IV) h40

September
October
November

11 "1,
11
_>
1 I 700
1?> 46

128 _26

20-t
191
183
170

24

>,

V)

,

monthly
monthly
monthly
monthly
monthly

av
av
av
av
av

1925
January.
February .
March
A pril

106 824

12C 31/8
124 909
177, 137
198, 583

11? 145

172
469
329
183

1 1, 22
1 7 911

145,
131,
.154,
120,

567
170
251
079

"2i
8SJ
84t>
K >

1 1 <rs
126, "37
147, 02(5
155, 878

17

17^

207, 934
256, 255

16, 463
13 P91
18, 105
14, 504
21 877

129 325
... i
160 57'?

23, 257 !
15, 456
16,855 i

.

•
i

201, "•'S
253 -7)

17 >, 230
17* 04 j

32, 8fil
35 100

1 7!<
31675
~>J 7J~>
* 7T

* >7, 7J7
1=)S, n ,0
'6i', 37 T
5, " 3»

159, 375
158, 008
16 J, 247
188, 156

_ . i
25 855

C3,
° »,
3''
5>

1

4 1
olS '
17J
4<>J
'•' '

230
,23
^t
1
r

1
si i
3 S4
3 >o 8

»sS, 06)
« ? 4 178
86, 556
62,864

2 '1
2 63 1
2 63
2«

> } 3b8
'4, 'Ih
2 xiO

S-, 4)
H i , 13t
i,»o S16

0

0

2 56

!!;«

-1J, J I1)
04, 262
i20 1J4
S 973

2
2
2
2

3, M^> J
NOi.
10 2.0
42, 350

Mi, 28)
In, u39
107, 7o2
106, 87j

45,252
4'?, 470 !
38.888
37,714 \

111, 163
117, 3SS
110, :'.'J>
116 358

2.68
2. f.S
2. 6S
2.90

47 ,0
40 1-»S
>~ ' 4
y» iSo

19 4, 260
195 9 ) 2
]Q3, i *

195, >J2
l'*b, O i ^
189,822
196, 548

196,
221
206,
197,

193,748 !
224,082
206. 112 j
197,566 j

!

47, 957
72, 394
86,916
79, 006
86, 891

4, 379
8, 836
10, 943
10, 165
12, 435

64 6
81. 0
7b 2
62 9

108.2 |
S3 0
129.8 !
129 0 \

89, 961
92, 660
96,376
79, 704

8,384
8,529 !
10,553
11, 620

89
109
133
117

September
October
November
December

179, 591
149, 942
118,571
99, 794

.

148,
145,
136,
129,

101,
139,
138,
143,

135, 368
151, 469
145, 382
141, 908

485
417
851
293

240
129
391
329

288,
294,
276,
•~4f>

37S
35S
347
6'M

23,369 !
29,859

212, 798
201 212
194, 346
191,911

24,777 |
32,812 :
35, 105
32, 480 :

690
270
076
056

^ 100
110
119
129
126

"^ 0
7)6
67. 9
71 9

71
<>3
65
S')

7
1
6
9

76. 890
60, 969
63, 553
70. 491

11,018
12,815 i
7, 777 i
10,916 i

84 1
64 6
62 6

79, 828
80, 587
73, 581
77, 429

8,228
8,591 i
11,940
11,606 i

156
153
119
112

87 9
107. 3

9, 582
10, 764
12, 029
11,485

j

129
122
145
165

101
127
142
126

i
i
1
63
63
(0
60

'% :

61 5
f>> 4

I

May _ . .
J i me
Julv
\ugust

11,695

44.2
82. 7
80.8
83.7
86.0

~
2 66
2 68
2. r,.>

2J4, s36
198 720
21"/ , 300
217, t v 4

I

9, 171

68, 150
78, 363

a 4

,
2 ol
2 i
2 "7
2 l>3

7 6
142
«s4
90

!

h() 3
74 9

|

2 1

n , '^i

i!

i

17 9
69. 4
63 6
67 4

r'.yji
6' U8
6 , -70
„•> M 4

'32

221,
191,
220,
217

2. f l
27, f O
18, 896
21,710

!

2187
2 67

i n. 7(»o

Rel. to
19211922 '

Reams

$2. 23
2 16
2. 12 1
3. 81

44, 4 7
86 942
2. f 4 3
Of 3<)0
lil 520

IS », -iH)
2 >7, 124
l c >\ 500

x v^

Per cent of
capacity

!

of) 4
84 4 i
01 8
100.9 i
!

100, 565
94, 935
92, 097
86, 484

i
82,
85,
78,
85,

780
503
130
194

13, 922
14, 182
1 1, 407
8,947

124
143
136
151

50.7
86, 448
84.6
102, 058
67.8
76, 877
78.6 1 71,623

10, 997
14, 034
14, 836
17, 037

133
138
101
92

1938
February
M"arch
-\pril

j
i
|

May
Tun«

i

i

:

!

i
i :

'

(I

'"

i

I
!
i
i
i
Compiled by the Label Manufacturers National Association, said to include about 75 per cent of the industry. Data on production, compiled from January. 1921,
through November, 1922, may be found in M*«y, 1923, issue (No. L'U, p. «5.
2
Data compiled by the Abrasive Paper and Cloth Manufacturers' Vxchavg*, e^imated to rcpr^ent Pi) per cent of the industry. The totals given include the sales of
garnet, ernery, flint, and artificial (silicon, c;irhide, and aluminous oxide) paper, cloth, and combin-itions. Figures ate stated in equivalent reams 9 by 11 iiidit-i in size.
The data submitted show that in 1919 the total s iks wf re made up of the 1\ llowing approximate percentage-^ Garnet '/3, em<T\ 8, Hint 32. and artificial 20 per cent. DetaiU
are given in the association's reports.
3
Rope paper sacks from Rope Paper Sack Mawfactur* /*' Association, comprising 1 ( manufacturers, said to represent approximately 95 per cent of the industry. "Rope
paper sacks are bags or sacks made principally of old lope and usul for Qour cement, lime, p1 ist'T, <'W.
4
Data on production, consumption, and shipments by mills and slocks from the Federal Trade Cuvunixsion to May, 1923, representing practically complete production
thereafter compiled from reports of the American Paper and Pulp Association prorated to represent coiaplete production on the following percentages calculated on the
production in the last seven months of 192o as compared with the total for that period derived from tf o Federal Trade Commission reports and the Census of Manufactures:
Mechanical pulp, 65 per cent; chemical pulp, 50 per cent.
5
Imports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
6
Price of sulphite domestic wood pulp is monthly average from U. S. Departrnent of Labor, Bureau of Labor Statistics.
7
Twelve months' average July, 1921, to June, 1922. Numerical data not furnished by the association.
8
Compiled by the Paperboard Industries Association, comprising the former Folding Box Manufacturers National Association, from reports of about 60 per cent of the
industry. Data or production compiled from January, 1921, through May, 1923, may be found in August, 1923, issue (No. 24), p. 91.
1




60

Table 36.—BUILDING COSTS AND HOUSING
BUILDING
MATERIAL
PRICES i
(1st of mo.)

INDEXES OF CONSTRUCTION COSTS *
I
to*™"

C<m

coste*

YEAR AND MONTH

C08te

-

ig. -SZT

Frame Brick
house house

Relative to 1913

Brick,
wood
frame

Frame

'

Brick,
steel
frame

Reinforced
concrete

HOUSING
AD^ER^SE
MENT
* "
Portland,
Oreg.e

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average
monthly average
monthly average. monthly average

10O

100

1

100
89
,93
147
181
189
198

182
207
201
196

186
209
203
197

179
170
202
198
195

H 100

251
202
175
214
215
207

100

109
134
104
212

10 100
10 100
ic 103
10 114
10 140
10 171
10219

10 100
1098
10 101
10 122
10 155
10 179
10 209

10 269
IP 196
ic 190
209
205
202

10 284
10216
10 196
219
218
210

10 257
10201
10 185
212
210
202

10 264
ic 207
10 188
210
206
200

ic
10
IP
1°

United
States s
and
Canada

41 cities

|

pr«>at
"jear
2™*;
ain

Thogs. : Thous.

!

10 100
1098
10 102
10 120
10 147
10 171
10 210

1097
10 99

FIRE LOSSES

NUMERICAL DATA

RELATIVE NUMBERS
1913
1914
1915
1916
1917
1918
1919

Minneapolis,
Minn.'
Number

Relative to 1913

^4°

! ESTATE
CON
'
ANCE83 \

64. 672
63,094
56.877
92,507

808
908
1, 094

H 1,319
1,886
3,082
3,673
4,788
5,096

104,
91,
109,
139,
140,

$22, 416

973
642
895
089
961

27, 571
27, 721
34, 241
32, 433
31,461
31,125

£707
644
514
904
620

j

1924
September. __ .
October
._
November
December

202
196
195
201

203
199
193
202

196
195
195
197

211
208
206
209

203
204
203
203

216
216
215
214

206
206
205
205

203
202
201
201

1,302
1,299
1,246
1,004

7, 508
6,226
5,058
3,307

131, 430
150,824
130, 824
139, 453

29, 612
27, 944
39, 082
44, 477

398
510
392
432

1925
January .. __ _ _
February. _ . _.
March
April
. . . _.

196
195
198
198

199
197
201
200

197
197
197
195

210
210
210
210

202
204
204
202

210
211
211
209

203
204
205
204

200
201
200
199

1,025
1,008
1,183
1,132

3,106
2,624
3,640
5,458

135, 932
123. 838
157, 285
169, 712

41, 210
32, 472
33, 347
37, 697

481
322
1,189
377

May. _
June
July
August. __

198
197
195
195

197
198
195
194

194
194
194
194

207
205
205
205

203
201
199
199

210
209
208
209

203
203
201
200

199
199
199
200

1,353
1,216
1,109
1,298

5,450
4,306
3,759
9,058

166, 726
158, 953
162, 256
145, 571 i

29, 171
23, 651
29, 622
23, 349

246
360
1, 485
575

192
194
195
193

193
195
196
195

194
194
194
194

202
205
206
206

200
201
204
204

210
210
212
213

199
199
199
199

200
201
201
201

1,510
1,429

8,497
7,079
5, 136
3,042

149, 156
165, 375

25, 396
23, 991
30, 320
43, 275

395
647

195

195

195

208

. . . .

September
October.. _
November
December
1926
January
February. .
March
April
May
June...

_

41,119

_ _
i

i

i!

1 Building material price indexes representing the relative cost of building materials entering into the construction of a six-room frame house and a six-room brick house
from the U. S. Department of Commerce, Bureau of Standards, Division of Building and Housing, and Bureau of the Census, are based on prices paid for material by contractors in some 60 cities of the United States. The prices are weighted by the relative importance of each commodity in the construction of a six-room house.
2
Compiled by the American Appraisal Company and represent construction costs for each month as based upon material and labor costs prevailing in the United States,
weighted in accordance with cost precentages determined from buildings of each type actually constructed. Details by districts and description of method of compilation
may3 be found in the American Appraisal News for January, 1925, p. 9. Quarterly data, 1920 to 1923, inclusive, appeared in October, 1925, issue of the SURVEY (No. 50), p. 26.
Real estate transfers and conveyances compiled from official records of 41 large cities by the National Association of Real Estate Boards.
4
This index number, furnished through the courtesy of the Aberthaw Construction Co., is designed to show the relative changes in the cost of constructing a standard
concrete fact9ry building. The company believes that the year 1914 gives a normal base and that July, 1920, with an index number of 265, represented the peak of costs.
Beginning with June, 1923, the Morton C. Tuttle Co. has also prepared an index on a similar basis, with practically identical results. These index numbers are given as
of the first day of the month.
a
The construction cost index, computed by the Engineering News Record, is based upon the costs of steel (structural shapes, Pittsburgh base), cement (f. o. b. Chicago,
exclusive of bags), lumber (southern pine, New York base), and the rates paid common labor in the steel industry through 1920, after which common labor rates are averages reported from about 20 cities by correspondents of the Engineering News Record. The prices are weighted on the basis of the total production of steel, cement, and
lumber, and the total supply of common labor. Monthly data from 1914 appeared in June, 1923, issue (No. 22), page 52. These index numbers are given as of the first day
of the month.
6
Compiled by the Portland Association of Building Owners and Managers, showing the number of advertisements, computed from number of inches, carried in leading
newspapers of Portland, Oreg., each month of houses and apartments to rent.
7
Compiled by the Federal Reserve Bank of Minneapolis, showing number of advertisements in a Minneapolis newspaper each month of houses and apartments to rent
both furnished and unfurnished. No 'effort has been made to eliminate duplications of houses advertised from day to day, and thus the total does not represent actual
number of dwellings for rent, but it does indicate the trend.
8
Fire losses in the United States and Canada compiled by the New York Journal of Commerce include losses of $10,000 or over in the principal cities of the United States,
Canada, and Alaska, each month's figures including an item of 15 per cent to cover small and unreported losses. Individual losses are given in the original publication of
the cfigures. Monthly data from 1913 and seasonal index appeared in the December, 1923, issue (No. 28), p. 53.
Fire losses in Great Britain compiled by the London Times; prior to January, 1923, these figures did not include fires involving losses of less than £1,000, and thus
are not comparable with later figures.
11
Average of quarterly figures.
i°Four months' average, September to December.




61

Table 37.—BUILDING CONSTRUCTION
CONTRACTS AWARDED (36 STATES) 1

Commercial

YEAR AND MONTH

Thous.
sq. ft.

Industrial

Residential

Educational

Public and
semipublic

Thous.
dolls.

Thous.
sq. ft.

Thous.
dolls.

2,864
2,824

$17, 450
20, 765

$49, 977
56, 374

53, 382
38, 275

$245, 089
240, 677

23, 918
29, 754
26, 719
30, 620
34, 434

4,298
4,921
3, 912
4,643
5,817

26, 268
31, 653
25, 386
32, 728
46, 077

45, 719
55, 960
55, 456
60, 326
73, 811

36, 859
54, 552
56, 352
58, 869
74, 955

224, 070
318, 403
331, 776
373, 816
485, 187

3,096
5,033
4,219
4, 111

16, 369
26, 085
24, 273
28, 428

3, 573
4,857
3,598
2,373

23, 446
30, 207
22, 315
15, 546

55, Oil
63, 499
36, 237
40, 536

44, 857
60, 192
57, 578
53, 269

288, 932
360, 687
318, 829
299, 748

170, 186
142, 079
227, 461
219, 139

3,114
5,839
5,748
5, 757

18, 519
31, 155
34, 062
33, 522

3,225
3, 706
6,017
4,795

21, 705
22, 556
40, 726
32, 511

28, 381
37, 956
44, 895
88, 841

56, 624
54, 879
78, 326
73, 169

301, 952
299, 929
433, 340
480, 097

39, 755
34, 101
25, 474
27, 998

185, 419
161, 443
128, 072
148, 232

6,908
5,262
6,150
4,401

40, 582
34, 807
39, 511
31, 771

5, 812
4,734
6,059
4,968

39, 283
37, 963
38, 875
37, 613

68, 708
71, 784
71, 717
65, 296

68, 784
57, 754
50, 522
50, 767

419, 273
387, 521
347, 184
354, 443

35, 222
29, 033
34, 373
30, 776

28, 236
32, 143
34, 779
33, 153

143, 706
166, 199
191, 319
166, 839

4,857
4,127
2,825
3,254

31, 728
27, 675
18, 311
25, 997

5,234
4,195
3,181
3,785

38, 310
29, 991
22, 947
30, 259

52, 034
101, 224
57, 455
35, 620

51, 631
55, 087
55, 258
53, 625

344, 316
410, 091
379, 660
327, 986

4,335
3,308
4,836
6, 496

19, 454
20, 767
53, 133
46, 568

26, 791
27, 850
45, 534
51, 453

127, 232
136, 023
220, 872
256, 414

2,371
3,809
5,557
5,203

15, 339
20, 278
42, 193
33, 155

3,217
3,746
5,571
6,431

31,614
30, 501
41, 917
51, 433

35, 462
52, 865
67, 931
95, 432

48, 530
46, 861
73, 555
82, 565

296, 473
299, 260
480, 916
546, 971

80, 280
92, 152
67, 166
105, 849

5,278
3, 973
5,643
4,773

27, 562
25, 161
58, 148
22, 693

48, 101
42, 988
48, 081
52, 096

231, 182
208, 583
224, 713
263, 485

4,623
9,002
7,645
5,246

29, 313
64, 585
57, 572
33, 667

6,106
6,597
7,251
8,736

49, 928
57, 214
48, 658
67, 996

77, 759
92, 916
72, 743
96, 000

78, 910
76, 756
82, 210
88, 594

496, 024
540, 610
529,000
589, 690

80, 171
55, 912
61, 336
67, 770

8,643
7,231
7,758
5, 204

43, 298
63, 316
53, 309
29, 332

46, 790
52, 238
50, 309
48, 280

250, 417
262, 726
240,280
250, 044

4,744
3,937
3,157
3,407

35, 217
28, 192
22, 048
31, 646

8,270
5,418
4,070
4,390

59, 445
43, 376
30, 675
40, 164

79, 668
66, 007
57, 035
91,912

86, 167
82, 577
77, 871
74, 852

548, 217
519, 528
464, 683
510, 868

Thous.
sq. ft.

Thous.
dolls.

Thous.
sq. ft.

Thous.
sq. ft.

Thous.
dolls.

Thous.
sq. ft.

10, 897
8, 107

$38, 882
30, 639

6,262
9,500
10, 669
17, 786
15, 065
12, 564

$10, 435
17, 813
24, 208
47, 085
50, 051
57, 459

20, 927
20,006
13, 864
9, 552
22, 218
12, 642

$38, 121
44, 068
32, 346
27, 785
77, 465
51, 669

2,399
2,745

$11, 722
16, 903

6, 413
9, 363
9,120
9,420
12, 589

31,803
47, 545
42, 743
49, 695
69, 639

3, 518
6,448
6,119
4,169
5, 623

16, 893
31, 674
36, 932
29, 606
38, 562

18, 812
28, 538
32, 562
35, 192
45, 043

80, 139
123, 014
144, 541
170, 841
222, 664

4,239
5,701
4,641
4, 854
4,892

8,499
8,786
7,689
8, 558

44, 142
35, 133
32, 594
42, 388

4,392
4,205
5,907
5, 063

38, 059
32, 721
44, 457
25, 160

25, 296
37, 311
36, 164
33, 166

111,906
173, 042
158, 953
147, 689

January
February
M^arch
April

7,778
9,420
11, 455
9,615

38, 393
47, 124
64, 432
49, 724

3, 795
4,096
4,744
4,994

24, 769
19, 060
21, 763
56, 361

37, 945
31, 348
49, 838
47, 536

May
June
July
August

11, 232
9, 308
8,993
8,361

56, 380
56, 556
49, 346
41, 151

4,625
3,294
3,017
3,967

28, 901
24, 968
19, 664
30, 380

8,751
9, 664
10, 038
8,424

43, 316
55, 969
55, 255
38, 696

4,216
4,478
4,101
4,705

_--

10, 919
7, 467
11, 772
12, 261

67, 372
38, 825
54, 871
63, 969

__

14, 183
13, 713
13, 153
17, 295
13, 262
12, 228
11, 421
13,389

..

1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

1923
September. .
October
November
December

_-

_ _

«

Grand total

Thous.
dolls.

Thous.
dolls.

1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average
1920 monthly average

Public
works
and
utilities

Thous.
dolls.

1934

.

September
October
November
December

_ _ -

1935
January
February
March
April

_

May
June
July
August

_ _ _

_

September
October
November
December. _ .

1936
January
February.March
April
May
June

_

... .

_

1
Compiled by the F. W. Dodge Corporation from reports covering contracts awarded in small towns and rural districts as well as large cities. The data shown on this
page include figures from 36 States, all except Washington, Idaho, Montana, Oregon, Utah, Wyoming, Nevada, California, Arizona, New Mexico, and parts of Kansas and
Nebraska, comprising about seven-eighths of the total building contracts in the United States. Prior to 1923, figures for Colorado, Texas, Oklahoma, Arkansas, Louisiana,
Mississippi, Alabama, Florida, and Georgia were not compiled, and the totals for those years for 27 States have been prorated to the figures shown above by applying to
the 1923 totals for 36 States the percentage changes from year to year for the 27 States. The original area figures for the years 1915 to 1918, inclusive, used in these calculations,
were estimates by the F. W. Dodge Corporation. Data giving monthly figures for 27 States (except that prior to May, 1921, North and South Carolina were not included,
which, however, made little change in the total) for 1920 and 1921 appeared in the May, 1922, issue (No. 9), pp. 71 and 73, and for subsequent months in the August, 1924,
issue (No. 36), p. 109. The reports of the F. W. Dodge Corporation show totals by districts and also separate the public and semipublic building group into various classes,
shown separately in the August, 1923, issue (No. 24), pp. 94 to 97, and also present military and naval and miscellaneous classifications, which are here included only in the
grand total.




62

Table 38.—YELLOW PINE AND DOUGLAS FIR LUMBER
NORTH
II
l| CAROLINA
1
PINE *
1

SOUTHERN PINE i
!

Pro- i ShipYEAR AND MONTH duetion ments

Orders

Stocks,
end of
rno.

Exports 2

ProPrice,
Lum- Timber floor- | dueing a
tion
ber

i

j

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

423, 509
368, 325
380, 524

441, 903
399, 160
379, 701

446, 405
354, 287
376, 070

1920 mo. av . _ _ _
1921 mo. av
1922 mo. a v
1923 mo. av
1924 mo. av
1925 mo. av

358, 015
375, 438
431, 633
450, 165
453, 376
473, 338

466, 639
463, 009

1, 371, 652
1, 1 16, 259
937, 748

34, 627
24, 109
13, 674
13, 933
10,069
2, 991
12, 849

330, 229
306, 559
394, 812
399, 677
430, 673
451, 395
458, 971
451, 944
459. 483
463, 763
471, 834 3, 474, 291

1, 187, 587
1, 211, 174
1, 177, 627
1, 086, 042
1, 099, 374
1, 162, 662

53, 096
36, 061
39, 522
54, 368
55, 827
57, 678

424, 187
422, 347

457, 732
493, 650
482, 758
423, 993

444, 856
506, 478
524, 194
428, 688

1, 115, 375
1, 080, 026
1,026,246
1,041,774

489, 487
^53 618
498, 442
497, 087

446, 066
425, 106
474, 239
501. 153

467, 704
429, 608
435, 272
500, 862

1,103,887
1,123,581
1,150,976
1, 163, 231

May..
June
July
August .,

483, 872
459, 378
471, 480
488, 035

481, 403
461, 944
473, 900
489, 390

477, 918
455,. 554
498, 055
501, 976

1,
1,
1,
1,

September
October
November
December

481, 936
484, 840
423, 026
448, 825

491, 568
496, 022
469, 155
452, 165

501, 395
511,706
494, 812
416, 635

_

$23. 04
21 37
20 29
22. 64
31.54
33. 76
55. 00 I

322, 157
364, 730
355, 358

37, 602
37, 936
51, 225
43, 165
51, 877
50, 659

14, 371
31, 479
40, 427
28, 897

29.92
11.83
15. 25
19.42
17.25
17.25

34, 230

32, 107

11,245
7,228
12,616
14, 237
14, 730
12, 866

74. 53 ! 33, 514
35. 98
30, 164
45. 46
52, 543
47.70
48,257
41.89 i 49, 144
54, 1SS
40. 49

29, 791
29, 052
52, 496
48, 539
49, 337
49, 891

380, 351
297, 738
435, 673
508, 789
488, 831
543, 966

334, 915
298, 506
409, 224
515, 951
497, 747
558, 067

57, 130
59, 707
47, 309
66, 539

7,763
13, 414
9,671
16,580

39. 92
40.31
42. 48
44.42

49, 518
51,849
58, 821
43, 841

44, 191
56, 042
53, 844
44, 919

480, 326
542, 996
515. 690
446, 752

488, 383
503, 156
465, 106
455, 258

517, 033
637, 898
566, 274

54, 777
45, 489
46, 124
39, 931

32, 766
39, 092
23, 758
25, 357

16.00
16.50
16. 50
16. 50

50, 127
57, 304
61, 439
77. 831

8, 056
17, 291
19,219
17,723

46.
47.
46.
45,

4 i , 4 26
55, 622
56, 231
54, 012

44, 639
53, 844
56, 217
56, 812

507, 185
524, 643
525, 986
539, 415

521,
505,
519,
577,

062
842
271
018

468; 239
490, 174
559, 112
592, 685

52, 853
32, 850
60, 446
52, 572

22, 358
21, 590
40, 783
32, 932

19. 50
18. 50
18.50
17.50

617
431
859
800

70,117
64. 001
65, 871
40, 029

18,058
9, 436
16, 040
10, 381

45. 06
55, 853
44. 14
57, 799
44. 66 | 39, 305
45. 31 ! 61,033

52, 227
51, 702
43, 729
53, 018

533, 729
571, 198
483, 012
559, 559

573, 884
612, 829
561, 798
553, 740

553, 292
594, 028
582, 837
589, 104

41, 987
63, 976
41, 715
34, 298

16, 880
33, 408
20, 216
22, 298

17.50
16. 50
16.50
17.50

1, 181, 906
1,199,328
1, 152, 743
1, 165, 620

43, 993
48. 932
60, 232
51, 627

10, 723
9, 343
8,102
10, 024

46. 42
47. 41
48.27
49. 83

55, 979
51, 352
51, 100
48, 076

568, 960
600, 295
584, ISO
526, 434

575,
600,
526,
568,

564, 484
549, 264
621, 782
588, 657

49, 225
61,457
38, 683
77, 840

27, 078
34, 014
25, 678
49, 523

16.50
16,50
16.50
15. 50

152,
184,
189,
183,

95
32
88
67

03,
62,
58,
44,

501
538
240
688

227
743
881
512

416, 088
510, 318
509, 871
561, 805

|

i

i
1

$9. 21
7.92
7.88
10.38
15.88
IS. 25
25.42

56, 203
46, 848
23, 299
23, 240
23, 647
22, 700
25, 095

349, 511
376, 882
373, 263

1926
Januarv
February
March
April
Mav
June_._

Dolls. !
per
i
Mft. !
b. m.

Thousands of feet, board measure

Mft.
b. m.

S9 970
52 325
38. 353
40, 263
27, 3P9
24, 993
36, 481

1925
January
February
March
April

Exports 6
Price, ~
Pro- 5 JSfe, Order, •
No. i,
duetion
Lum- Timber comber
mon

Dolls.
Thousands of feet, board measure

1924
September
October
Nov ember
December

Shipments

DOUGLAS FIR

i

The figures for southern yellow pine, except exports and prices, are computed data furnished by the Southern Pine Association. The method of computing is first to
find the percentage relation between the actual production, shipments, and orders of the mills reporting and the normal production of these same mills. This per cent is
then applied to the normal production of 192 mills. The average production in the first four months of 1916, 484,065,392 feet, is taken as normal production. There are no
separate normals for orders and shipments since these two items must be governed by production. Assuming that the mills reporting are a good sample of the industry
the resulting figures are equivalent to the actual production, shipments, and orders of the 192 identical mills, and hence a fair sample of the industry. The same procedure
is followed for stocks except that normal in this case is 1,262,450,326 feet, the aveiage stocks during 16 months endi April, 1916. The figures are based on actual reports
eiage
ending
from about 180 mills on production, shipments and stocks and from about 145 mills on orders. Monthly data for 1921 and 1922 appeared on page 59 of the October, 1923,
issue (No. 26). Monthly data 1917 to 1920 appeared in April, 1923. issue (No. 20), p. 49.
2
Exports of southern yellow pine lumber and timber from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1921 on lumber only are given in the December, 1923, issue (No. 28), page 56. Lumber exports comprise boards, blanks, and scantlings, rough and dressed, and exclude short leaf pine
and 3all other not longleaf or pitch pine. Timber exports include both treated and untreated, sawed, and exclude logs and round timber.
From U. S. Department of Labor, Bureau of Labor Statistics, and represent average weekly prices for yellow pine flooring, grading B and better, at Hattiesburg, Miss.
4
Data computed from reports on actual production and shipments as furnished by the North Carolina Pine Association, Inc., for mills varying in nunber from 31 to 56.
The computed figures given are obtained by first determining for a given month the per cent which the actual production is of the normal production of the identical mills
reporting. This per cent is then applied to an arbitrary figure of 70.000,000 board feet, which represents the approximate monthly average normal production of the mills
which reported in 19 19. A similar per cent of actual shipments to normal production is applied to the same figure to obtain the computed shipment figures. The resulting
figures represent a computed production as of identical mills for each month. The figures are of the same order of magnitude as the actual reported production and shipments, but avoid the rather wide variations due to different mills reporting in different months.
6
The figures of production, shipments, and orders of Douglas fir were obtained by applying the percentage figures of actual production, shipments, and orders to normal
production of reporting mills as supplied by the West Coast Lumbermen's Association to the actual production of 124 mills for May, 1920. The production in that month
was 447,647,540 board feet and has averaged about 75 per cent of the total production of Douglas fir lumber in the United States. Monthly production data for the period
1917-1921 appeared in the December, 1922, issue (No. 16), page 49.
6
Export figures are from U. S. Department of Commerce, Hureau of Foreign and Domestic Commerce. Monthly data from 1921 for both lumber and timber appeared in
the December, 1923, issue (No. 28), p, 56. Lumber exports comprise boards, planks, and scantlings, rough and dressed, while timber exports include treated and untreated,
sawed, excluding logs and round timber.
7
Data from U. S. Department of Labor, Bureau of Labor Statistics, and represent averages of weekly prices for the State of Washington.




63

Table 39.—MISCELLANEOUS SOFTWOODS
WESTERN PINE*

YEAH AND MONTH

CALIFORNIA
WHITE PINE 2

[

I
ProShip- Stocks,
di uc- | ments i end of
tion
month

Lath

1Dumber

Production

Shipments

!

Stocks,
end of
month

Pro- Ship- Orders
duc- ments reduel
tion
ceived tion

Thousands of feet, board measure
!

1917 monthly av . .!
1918 monthly av_...
1919 monthly av....
1920 monthly av.__.
1921 monthly av....

109.357 H0.423
113, 424 97, 784
113, 794 109, 032
134, 467 110,697
74, 437 76, 840

881, 924
1, 063, 658

1922 monthly av
1923 monthly av
1924 monthly av.__.
1925 monthly av

120, 689
145, 916
137, 661
150, 333

791, 461
914, 376
1, 033. 833
980. 274

66, 387
101, 876
96, 061
116,576

128, 606
129, 140
135,251
13S, 108

31,900 | 265,113
37, 284 287, 645 |
36,036 ! 267,276 40 273
29, 114
370, 303 34, 204
45, 784
61, 972
76, 765
106,570

Shi

°r
ments

Thousands

i

|

52, 561
48 263
58, 368
39, 110

382, 216
494, 177
568, 840
567,021 !

44, 512
51, 460
42, 959
-46, 599

CALIFORNIA
REDWOOD 5

NORTHERN
HEMLOCK *

NORTHERN PINE a

:

Production

*-- £*«!&
tion
menls

Ship- Orders
rements ceived

Thousands of feet, board measure

|

9,581
8,669

48, 357
46, 346
44, 621
45, 204

49, 033
41, 018
44, 406
41, 127

6, 357
9,882

12, 574
13, 290
10, 825
12, 110

50, 139
27, 768

35 327
33, 643
30, 056
27, 290
16, 986

11,097
12, 292
11,796
9,550

23, 483
26, 059
20, 416
21, 166

33, 169
37, 974
37, 051
19, 431
18, 435

37, 460
36, 404
44, 243
38, 618

28, 547
32, 759
35, 337
28, 441

28, 745
39, 934
30, 576
29, 472

26, 088
25, 351
18, 920
18, 082

49, 035
53, 240
48, 136
43, 294

44, 010
49, 208
37, 583
38, 785

47, 805
46, 861
38,129
38, 285

j

|

1923
September
October
November _
December

158, 103
165 285
146, 871
91, 771

116, 224
141 918
120, 443
111,681

1. 035, 332
1,058,585
1, 080, 360
1, 027, 497

136, 178
144. 424
95, 254
54, 915

62, 360
71, 821
60, 851
56, 302

592, 114
654, 668
628, 591
640,991 i

57, 379
48, 037
22, 350
28, 207

47. 492
52, 326
44, 251
33, 265

47, 046
54, 037
38, 052
34, 073

14, 472
12, 131
5,163
6,928

13, 306
15, 257
7, 156
5,736

29, 293
24,711
17, 288
18,710

24, 743
26, 260
24, 613
18, 249

51,625
54, 774
69, 238
39, 785

50, 026
37, 599
52, 056
39, 522

42, 148
38, 921
41, 744
29, 192

1924
January
Februarv
March
\pril

74, 101
102, 830
148, 073
172 185

127, 838
141 009
134, 880
130, 222

966, 689
929 473
936, 050
974, 168

16, 576
37, 163
55, 151
108, 329

52, 381
63, 171
63, 8S3
66, 798

470, 725
528, 127
462, 311
496, 003

37, 552
36, 347
36, 638
52, 718

41,720
46, 406
49, 905
42, 856

51, 453
45, 164
53,315
48, 918

8,979
8, 899
8,906
12, 578

9, 106
12, 105
12, 968
15, 098

16, 528
18, 765
18, 002
19, 800

17, 951
19, 136
19, 710
IS, 821

38, 673
44, 367
62,367
51,966

36, 997
38, 847
49, 525
38, 462

40, 773
38, 040
52, 597
30, 286

August

180, 985
161 669
146,110
159,877

131, 412
124 385
125, 561
147, 774

1,016,922
1, 057, 528
1, 068, 266
1, 077, 246

131, 127
133, 740
136, 499
147, 177

60, 352
64, 042
79, 035
89, 377

483, 814
538, 991
608, 260
643, 786

59, 360
58, 662
52, 267
54, 068

40, 405
40, 036
45, 758
46, 403

32, 322
33, 783
41, 053
52, 188

14, 092
14,625
13,328
14, 675

!
11, 494 { 22,704
16, 050 27 377
14, 849 25,177
16, 515 22, 982

20, 951
23, 255
17, 505
17,884

62, 021
46, 289
34, 303
58, 199

41, 764
29, 525
25, 099
43, 116

33, 98?]
28, 484
24, 622
46, 645

September
October
November
December

145, 737
147, 659
120, 413
92, 278

141,636
144, 203
125, 977
148, 118

1, 081, 443
1, 128, 395
1, 116, 779
1, 053, 038

142, 294
126,115
78, 753
39, 813

104, 829
102, 239
89, 684
85, 378

659, 335
673, 923
630, 653
630, 157

56, 369
41,333
9, 185
21, 007

51,466
52, 985
38, 529
38, 984

42, 313
39, 696
41,976
50, 693

13, 290
12, 381
2,314
5,831

12, 567
10, 108
5,957
4,736

22, 1 55
21, 293
12, 159
17, 964

18, 368
20, 373
17,191
15, 899 |

32, 907
44, 532
53, 507
50,503

36, 610
32, 755
41, 104
37, 195

33, 631
35, 099
43, 684
44. 695

1935
January
February
March
\pril

77, 994
96, 184
145, 951
164, 584

133,718
120, 398
129, 019
136,212

899, 658
867, 676
881, 684
903, 535

34, 979
32, 614
64, 884
98 551

84, 316
76, 820
88,417
84, 377

550, 925
495, 533
467, 330
458, 791

33, 414
33, 905
41,512
59, 332

44, 457
39, 466
37, 389
41, 929

40, 527
35, 650
32, 486
39, 856

8, 943
9, 301
10, 781
13, 526

6,566
7,333
9,357
8,538

18, 664
14, 095
16, 674
10, 156

17, 455
13, 648
14, 049
15,819

43, 385
41, 822
51, 409
39, 584

36, 246
40, 085
40, 904
34, 770

40, 618
35, 194
40, 990
36, 825

A! ay
June
July
August. .

177, 055
180, 919
179, 4^8
179, 044

145, 562
149, 624
154, 981
160, 097

927, 799
964, 260
996, 619
1, 006, 021

133, 818
165, 516
166, 656
173,70!

107, 745
107, 911
115, 795
125, 582

493, 023
545, 982
584, 721
619, 829

61,906
66, 200
64,313
63, 407

44, 368
46, 265
49, 534
53, 065

38, 636
38, 622
48, 928
53, 152

16, 237
17, 978
18, 397
15, 356

12, 403
11, 989
14, 576
11, 144

12, 338
18,313
24, 298
33, 923

21, 323
18,417
20, 154
20, 890

41, 933
49, 544
37,416
47, 182

39, 992
41, 754
32, 025
47, 941

34, 176
42, 978
29, 414
46, 571

173, 285
175, 843
_ _ _ 146, 362
107, 306

151, 440
140, 480
114, 009
121, 752

1, 037, 717
1,071,835
1, 102, 368
1, 104, 113

167, 244
164, 357
118, 200
78, 393

129, 970
145, 665
111, 359
100, 883

641, 152
659,855
644, 318
642, 798

45, 825
38, 491
15. 286
35, 591

50, 465
55, 485
43, 908
36,119

42, 984
49, 856
36, 018
36, 798

12, 144
9,284
4,118
9,254

11, 194
9,881
6,735
4,884

29, 207
28, 500
21, 198
26, 628

19, 265
21, 622
18, 070
16, 276

39, 451
44, 089
36, 897
46, 810

38, 620
36, 641
38, 216
38, 225

32, 391
38, 328
37, ^03
44, 837

May
Jlllv _.

September
October
November _
December
1926
January
February
March .__
April..

i
__

1

May
June _.
|
1

i

Compiled by the Western Pine Manufacturers' Association, the actual data being computed to comparative bases through percentages of normal production for the
mills reporting in each period. The normal monthly production covers 54 mills with output of 148,000,000 board feet in the earlier years, gradually reduced to 42 mills
with normal output of 136,800,000 feet in 1925, and is estimated to represent 70 per cent of the output of the western pine territory throughout most of the period owing
to the decrease of the total number of mills in business. Monthly data covering the period 1917-1921 appeared in the April, 1923, issue (No. 20), p. 49.
2
Actual figures reported by about 20 mills each month to the California White and Sugar Pine Association; the number of mills varies from 13 to 26.
3
From the Northern Pine Manufacturers' Association, and includes reports from some 24 mills, both member and nonmember, located chiefly in Minnesota. The
number of mills has gradually declined and from 15 to 17 reported in 1925. Monthly data on production and shipments from 1920 appeared in September, 1922, issue (No.
13), 4p. 48.
Compiled by the Northern Hemlock and Hardioood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills, from actual reports of from
60 to 75 mills each month. Yearly averages covering the period 1913-1916 were shown in the August, 1924, issue (No. 36). The 1913 monthly averages on which the relative 5numbers were based are 37,664,000 and 36,442,000 board feet, respectively, for production and shipments.
The California Redwood Association has furnished to the Bureau of the Census the figures on the actual production, shipments, and orders received by 7 identical
mills for each month of 1918, 1919, and 1920. These 7 mills represent 40 per cent of the capacity of all listed mills for these years. For the first 4 months of 1921 reports
were furnished from 10 mills representing 56^ per cent of the capacity of all listed mills. For the remaining months of 1921 reports are available from 11 mills representing
71 per cent 9f the total listed capacity, and for 1922 to 1924 from 14 mills representing 73 per cent, and beginning with 1925 from 15 mills representing 79 per cent of the total
listed capacity. The actual average monthly production of the 7 reporting mills for 1918 was 14,984,000 feet. On the basis of 40 per cent capacity, the 1918 average monthly
production of all mills is computed as 37,460,000 feet. Regarding this as normal production, there has been computed the probable production of the total redwood capacity
based on the proportion which capacity of the reporting mills bears to the total of all mills. The columns on shipments and orders received represent a similar relationship between the actual reported figures and the total capacity of all mills.




64

Table 40.—HARDWOODS
WALNUT 3

ALL HARDWOODS

If
j

Total stocks i
YEAR AND
MONTH

i

Unsold stocks 1

Unfilled orders l

1

Total
hardwoods

Gum

Oak

Total
hardwoods

Gum

,
1

Total
hardwoods

Oak

Gum

Oak

Lumber

Production 2
(computed)

Ship- New 2
ments 2 orders
(com- (computed) puted)

Logs

Made
into
Stocks Pur- lum- St'ks
on chases ber
on
ment s
tion
" hand
and hand
i
veneer

Pro-

eKjj,.

Thousands of feet , board measure

i

M feet, log measure

i

1922 mo. av
1923mo. av_ 4 492,159 * 145,024 * 173,012 * 392,818 4 111,097 4 143,854 * 134,608 4 47,020 4 39,530
1924 mo. av. 5 555,276 5 174,425 s 191,629 3434,137 5 134,413 5 150,528 5 139,712 « 48,029 s 45,952
1925 mo. av. 763,233 234,025 245,086 616,003 182,308 197,030 168,485 57,645 54,063 s 72,000 5 87,000 « 94,000

1,807
2, 538
3, 529
3,830

1, 927
2,391
3, 144
3, 477

10, 214
8,153
11,463
19, 282

1923
May
June
July
August

2, 799
2, 812
2. 785
2, 200

2, 535
2,293
1,889
2,097

2,
2
3,
2

213
578
009
730

126, 326
139, 601
143, 992
150, 854

153,
164,
173,
177,

324
430
410
805

345, 317
389, 352
406, 550
408, 092

97,711
109, 619
113, 458
118, 351

149, 343
136, 414
143, 391
144, 667

127,
127,
123,
129,

373
325
886
831

40, 283
42, 144
41, 320
42, 149

41, 522
34, 699 |
35, 853 '
38, 340

September. 507, 794
502, 099
October
November _ 535, 871
December..

153,490
143,714
157, 260

175, 383
176, 970
189. 759

396, 997
389, 958
413, 461

115,661
10S, 117
114, 761

139, 326
140, 534
153, 300

137, 720
142, 079
154, 040

52, 393
50, 799
60, 053

41, 127
41,819
43,349

|
I

2,087
3,282
3,106
4, 158

7,355
7,871
8,450
8,553

2,647
2,524
2,190
2,316

2,384
2,405
2, 501
1, 905

3,395
3,658
2, 934
3,332

2,039
2,378
2, 623
2,060

7,943
8,121
8,506
9,143

1,830
2,298
2,618
2,579

1, 905
2, 229
2,342
2,083

3, 368
3, 441
3, 895
4,426

2, 561
2,702
3, 078
3, 704

438, 779
479, 079
503, 889
512, 603

1,400 1,327
2,410 2,114
2,641 2,727
2,958 3,011

3,088
3,568
3,246
3,285

8,646
7,819
7,751
8,167

2,308
2,383
2,108
2,756

2, 122
2,235
2,852
2,502

3, 634
3, 782
3. 060
3,312

2,428
2,647
2,409
2,742

9,355
10, 168
12, 885
13, 813

3,339
2,443
2,256
2,061

2,880
2,573
2,521
2,544

3,801
3,694
2,910
2,419

j

1924
J nnuary
February-March
A.pril

•|

i!

!i

May
June. _. ..
July . . 424, 175
477, 002
August

134, 261
151, 218

152, 555
163, 697

325, 652
355, 698

102, 204
114, 594

121, 337
117, 002

118, 285
137, 563

41, 044
44, 138

34, 144
51, 143

3, 647
3 375
3, 736
3,660

September _
October
November _
December..

546,
563,
653,
666,

242
759
653
825

169, 421
174, 274
202, 489
214, 889

188,
193,
222,
227,

942
997
837
743

428, 003
455, 080
516, 247
524, 142

128, 518
138, 168
157, 123
165, 871

151,
159,
173,
180,

132,
123,
158,
167,

838
485
179
924

46, 633
41, 546
54, 135
60, 677

42, 753
39, 738
54, 927
53, 004

3, 648
3, 990
3, 990
4,256

3,255
3,889
3,352
3,818

13, 605
14, 556
15, 176
15, 614

2,543
3,345
3,243
2,902

2,746
2,997
3,731
3,017

2,348
2, 695
2,931
2, 686

1925
January
February __
March
April

665, 144
689, 384
733, 351
775, 221

214, 750
219, 501
228, 110
289, 563

225,
227,
247,
258,

734
670
669
294

529,
554,
598,
646,

169,
176,
185,
199,

712
546
891
413

180, 321
182, 678
200, 1 16
215, 122

159, 337
153, 680
150, 027
148, 068

54, 927
49, 569
47, 836
49, 740

50, 743
49, 851
51, 497
48, 102

4, 650
4,056
4, 336
4, 017

4,182
3,825
3,654
3,341

16, 709
17, 085
17, 476
18, 232

3,205
3,472
3,679
3,862

3,073
3,208
3, 441
3,465

3, 356
4,002
4,281
4,678

May
June
July
August

775, 695
796, 324
802, 349
781, 610

241, 714
241, 912
242, 377
231, 784

251, 129
253, 228
252, 198
242, 544

638, 391
658, 998
653, 174
635, 618

194, 168
197, 199
196, 281
184, 084

206, 650
210, 831
201, 981
194, 514

157, 775
156, 356
169, 152
171, 277

56, 749
53, 542
52, 736
58, 245

49, 957
47, 226
57, 236
56, 862

74, 000
72, 000

73, 000
86, 000

83, 000
91, 000

4, 132
3, 589
3,873
3,491

3,029
3,119
2,940
3,237

19, 332
19, 515
20, 736
20, 898

3, 552
2,921
2,880
2, 637

3,496
3,261
2,656
2,637

4,734
4, 374
4,599
4, 599

SeptemberOctober
November _
December _.

761, 818
783, 401
788, 180
806. 346

222, 577
226, 808
225, 087
224, 112

228, 742
243, 417
249, 340
261,070

608, 554
619, 997
613,814
635, 176

171, 838
170, 786
168, 829
172, 966

178, 850
193, 980
195, 297
204, 024

176, 217
188, 400
207, 561
204,077

60, 712
67, 143
72, 354
68, 188

56, 688
55, 712
61, 572
63,312

78, 000
73, 000
65, 000
68, 000

83, 000 96, 000
93, 000 98, 000
96, 000 107, 000
92, 000 90,000

3,363
3,243
2,979
4,229

3,287
3,066
3,813
3,870

20, 688
20, 858
20, 024
19, 831

2,897
1,842
2, 121
2, 430

2, 879
2,378
2,361
3,281

4,770
3, 930
4,000
2, 569

i

515
280
267
255

052
771
532
474

1926
January
February..
March
April
May
June

. .
__

[j
1
!

1
i

1

j

i

1

Compiled from reports of the Hardwood Manufacturers' Institute, covering tmrdwood mills throughout the country; further details as to sizes, species, and geographical
distribution are given in the regular reports of thenot;
institute. The figures are all given as of the end of the month reported (original data being given as of the first of the
following month). Collection of these data was
undertaken from December, 1923, through June, 1924. From July through October, 1924, the number of production
units reporting on stocks and unfilled orders is considerably less than in the other months, ranging from 116 in July to 157 in October, but in most other months about
200 units reported. A single band mill is considered one unit of production.
2 Data on production, shipments, and new orders are reported by from 100 to 135 units each week to the Hardwood Mnaufacturers' Institute, the monthly data being
computed by applying the percentages of normal production calculated by the association for every four or five weeks' period to an average normal output of these mills
of about 100,000,000 feet per month. These figures thus represent only about two-thirds as many units as the data on stocks and unfilled orders.
3
Compiled by American Walnut Manufacturers' Association from reports of identical firms representing from 50 to 60 per cent of the walnut lumber industry.
4
Seven months' average, May through November, inclusive.
3 Six months' average, July to December, inclusive.




65

Table 41.—WOODEN FURNITURE, PLYWOOD, AND HARDWARE
HOUSEHOLD
FURNITURE
AND CASE,
GOODS i
YEAR AND
MONTH

Unfilled
orders

Shipments

end
mo.

PIANO BENCHES AND STOOLS2

New
orders
1 (value)

NORTHERN
HARDWOODS5

PLYWOOD

Shipments

Unfilled
orders
(value)

Value

Pacific
fT
Book- Ship- *f1n- Coast
ings 3 m nts
Quan« 'o™«*»ft£:
tity

Production

SOUTHERN CYPRESS e

|

Produc-

Shipments

Shipments

tion

New Unfilled
orders,
orders end mo.

i
Value, average per
firm, dollars

Number
of piecesj

Dollars

Thous. of sq. ft. of surface
i

!

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

av
av
av
av
av
av
av

j
28, 318
31, 034
24 755
25, 296
31, 061
29, 241
32, 732

j
J

!
$158, 311

$204, 688 $147, 799

25, 390
19, 911
22 067
26, 041
30, 105
27, 813
33, 328

34, 206
27 838
26, 500
37, 397
33, 352
32, 700

i

i
|

Thous. of ft. b. m.

27, 509
19, 067
34, 204
38, 852
28, 533
9Q 202

—
i

1920 mo. av__ $40, 266 $128, 088
1921 mo. av__ 23, 949 28, 812
1922 mo. a v _ _ 29, 883 45, 005
1923 mo. av_. 37, 882 56, 317
1924 mo. av__ 36, 950 46, 287
1925 mo. av__ 45, 742 52, 471

135, 781
74, 969
86, 476
110, 133
88, 366
89, 407

169, 616
46, 448
61, 808
93, 673
34, 797
26, 057

146, 646
71, 067
84, 276
109, 750
89, 732
86, 194

12, 465
10, 149
13, 689
16, 540

1931
January
February
March
\pril

30, 596
56, 163
37, 812
34, 533

52, 964
52, 143
43, 231
34, 193

97, 739
103, 666
86, 977
76, 366

56, 070
57, 974
42, 713
33, 927

90, 923
101, 165
94, 543
84, 691

13, 839
14, 598
14, 358
11, 918

43, 525
51, 576
51, 907
52, 249

28, 319
35, 592
34, 459
28, 070

Ivlay
June
July
August

28, 781
26, 820
29, 813
36, 413

34, 042
46, 881
48, 164

64, 472
65, 152
54, 560
64, 952

16, 575
22, 360
18, 464
26, 080

71, 384
68, 624
50, 960
57, 112

10, 438
10, 497
8,194

37, 642
35, 185
27, 392
23 952

24, 730
25, 328
22, 475
26, 625

September _ _ .
October
November
December

44, 113
43, 208
38, 121
37, 024

54, 805
54, 583
57, 133
45, 592

115, 352
120, 088
109, 096
101, 968

43, 296
40, 120
39, 528
20, 456

98, 000
123, 008
116, 728
119, 640

16, 818
19, 751
18, 356
19, 167

19, 732
14, 430
15, 713
26, 923

30, 286
32, 856
26, 835
26, 820

1935
January
February
March
April

34, 775
35, 302
42, 907
37, 154

55, 813
47, 976
45, 037
36, 990

83, 488
81, 304
83, 288
70, 600

24, 496
23, 992
19, 592
16, 736

78, 928
81, 688
87, 344
73, 240

13, 327
13, 548

47,411

12, 457

3,611

4 688

44, 894
47, 186
44, 732

29, 117
23, 913
25, 481
i
22 176

? 34, 135 7 31,432
May
841,637 8 33, 916
June
July
. .. 8 44. 700 8 53, 420
8
53, 940 8 63, 030
August

68, 032
68, 240
68, 888
79, 432

19, 792
18, 864
21, 256
26, 440

64, 720
52, 736
66, 976
71, 392

11, 307
11, 689
10, 638
11, 863

3, 678
3, 855
4,457
5, 014

3,980 2,256 !
4,420 4,440
4, 124 ! 5,003
4, 179

6, 417 ! 5, 809

41, 443
41, 299
26, 223
20. 811

20, 884
26, 282
28 909
35, 640

September. _ _ s 62, 301 * 69, 157
• 60, 852 773,625
October
7
November
55, 681 7 73, 449
' 45, 5187 55, 809
December

121, 048
131, 920
114, 552
102, 032

40, 648
44, 440
42, 272
14, 160

105, 800
115,024
109, 608
126, 872

17, 789
20, 963
19, 474
20, 885

4, 571
5, 512

4, 974
4, 832

6, 628
7, 518

4,933

5,214

7,657 j 5,200

15, 399
25, 175
15, 735
22, 098

29, 508
39, 979
35, 261
33, 269

31,741

1936
January
February
March
April

i
1

|
1

9,698

!

1
1

15,810
4, 165

7, 471
7, 496

|
j

1

i

|
26, 572

30, 097

28, 403

24, 783
25, 920

27, 390
27, 162
25, 101

27, 410
27, 574
27, 106

29, 466
31, 022
35, 575

25, 596
30, 979
37, 800

1

!

May
June

i
|

1

13,969 \
14,979 !

|

1

1 Combined figures representing average shipments and unfilled orders per firm from reports of 50 identical firms of the National Association of Chair Manufacturers,
from 42 to 58 firms of the Southern Furniture Manufacturers' Association, and about 100 firms of the National Alliance of Case Goods Association. Data from the National
Association of Chair Manufacturers were discontinued after May, 1925, while those of the National Alliance of Case Goods Associations were not collected from June through
September but on an average per firm basis, the data are still quite comparable.
2 Compiled by the National Association of Piano Bench and Stool Manufacturers from concerns estimated to cover about 80 per cent of this industry. Reports are from
14 firms in July, 1917, gradually decreasing until only 8 firms reported in 1923 and 1924. The figures are strictly comparable, however, as the 6 firms which ceased reporting
went out of this line of business. Monthly data from 1917 to 1923, appeared in the June, 1924, issue (No. 34), p. 57.
3 Compiled by the Plywood Manufacturers' Association from reports of 20 members (only 18 members in April), of which 2 or 3 report on shipments only. These data
represent the business of building up veneers into plywood of from 3 to 8 thicknesses. Details as to kinds of wood and nature of cores are shown in the Association's report.
4
Compiled by the Pacific Coast Manufacturers1 Association from reports of 6 mills.
6
Data from Northern Hemlock and Hardwood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills. These figures represent actual
reports from 60to 75 mills each month. The hardwoods cut are mostly maple, birch, and beech.
fl
Computed from weekly reports of the Southern Cypress Manufacturers' Association, covering from 12 to 18 companies each week and prorated to a normal weekly capacity of 6,258,283 feet, the overlapping weeks in each month being also prorated to obtain a monthly figure.
7
Average of two associations only.
8 Average for one association only.

79396°—26



5

66

Table 42.—TOTAL LUMBER AND FLOORING

Retail yards, 9th
Fed. Res. Dist.s

ProducExports *
tion^

YEAR AND
MONTH

Sales

Stocks

Thousands of feet, board measure

OAK FLOORING 6

MAPLE FLOORING^

LUMBEK-Ail species
Composite
prices 4

Ship- Stocks, Orders Unfilled
ProShip- Stocks, Orders Unfilled
Proend of
end of
Hard- Soft- duction ments month booked orders duction ments month booked orders
woods woods
Dollars per
thousand feet,
board measure

Thousands of feet, board measure

1909-13 mo.

av
2, 197, 334
1914 mo. av_- 2, 102, 537
1915mo.av__ 2, 086, 531
1916mo.av_- 2, 262, 175
1917 mo. av_. 2, 141, 144
1918mo.av_- 1, 874, 419

178, 398
216, 037
149, 146
93, 947
91, 208
84,971
85, 314

2, 069, 522
2, 059, 875
1, 762, 264
2, 270, 551
2, 495, 261
2, 418, 838
2, 618, 828

109, 268
129, 280
100, 401
127, 743
146, 071
161, 500
161, 687

June
__ __
July
August

2, 635, 982
2, 410, 954
2, 237, 900
2, 531, 675

157, 769
138, 792
156, 703
150, 904

September -_
October
November..
December. _.

2, 439, 220
2, 509, 998
2, 304, 835
2, 153, 206

1913mo.av_-

i

1921 mo. av—
1922 mo. av—
1923 mo. av..
1924mo.av__

1925 mo. av__
1924
May.

4,572
6,009
6,877
8,894
11,470
10, 446
5, 537

12, 171
10, 544
15, 877
17, 158
22, 489
25, 652
25, 680

4,719
6,104
7,419
9, 525
11, 429
8,956
4,781

6,290
7,285
7, 578
7,547
16, 124
20, 074
7,270

$40. 33
46.72
43.11
41.72

$48. 98
27.42
30.79
33.86
30.95
30.71

10, 039
10, 383
8,378
11,479
11,734
8,603
8,826

11, 848
8, 259
8,121
11,934
11,805
7, 865
8,428

15, 448
15, 963
30, 749
28, 040
21, 343
23, 880
26, 979

14, 163
5,106
8,991
12, 194
11, 085
8,085
8,360

38, 289
26, 723
10, 193
20,311
26, 804
12, 347
10, 117

10, 101
10, 745
12, 411
22, 877
30, 103
34, 843
43, 167

11, 070
7,800
13, 595
23, 945
28, 878
35, 306
42, 825

14, 431
25, 859
32, 875
23, 006
33, 609
43, 773
47, 104

11, 782
6,343
14, 058
23, 723
28, 313
35, 900
38, 494

15, 035
11,324
12, 003
33, 052
44, 258
46, 562
52,031

118, 935
116, 751
114, 887
111, 822

44.67
42.53
42.12
41.77

31.34
29.97
29.31
29.82

8,349
7,492
7,604
7,471

6,472
7, 425
7,546
8,369

25, 243
25, 406
25, 557
23, 949

4,769
6,436
7,331
9,453

10, 736
9,596
9,074
10, 090

37, 769
32, 935
34, 057
35, 180

38, 185
33, 713
36, 814
39, 574

49, 706
50, 189
48, 842
45, 136

30, 853
30, 824
43, 080
48, 847

41, 164
36, 093
41, 842
50, 262

20, 999
18, 643
17, 525
9,182

115,453
104, 906
91, 541
96, 516

41.90
42.19
42.59
42.63

30.27
29.79
30.21
30.96

6,682
7,707
7,946
10, 034

8,374
7,761
7,284
6,935

22,440
23,073
22, 931
25, 992

7,553
6,864
8,366
10, 652

9,237
8,124
8,859
12, 735

36, 125
42, 253
37,064
36, 975

38,011
42, 497
35, 721
34, 642

42, 564
41, 105
41, 795
43, 823

33, 833
34, 657
46, 103
39, 887

45, 368
36, 005
47, 883
53, 295

150, 950
136, 124
176, 935
183, 701

8,128
8, 194
11,334
17, 690

111, 707
116,433
119, 327
118,088

43.49
44.23
43.78
42.92

31.44
31.68
31.63
31.41

9,967
8,438
8,640
8,224

7,523
7,604
7,513
7,562

28, 214
28, 481
29, 110
29, 775

8,866
7,142
5,602
5,573

12, 755
12, 559
11, 225
9,358

41, 768
38, 245
41,611
43, 473

34, 812
34, 904
40, 564
44, 432

50, 925
52, 804
52, 623
51, 702

33, 794
33, 539
35, 956
43, 326

53; 772
52, 626
46, 902
47, 349

2,682,113
2, 745, 777
2,563,211
2, 800, 999

160, 258
183, 170
158, 369
132, 089

21, 084
24, 961
23, 621
22, 545

115, 605
113, 577
114,887
119, 294

41.43
40. 9440.22
40.16

30.84
29.93
29. 85
30. 15

7,687
7,600
7,962
8,325

7,399
8,353
10, 167
10, 567

29, 165
28, 504
26, 399
24, 115

7,413
9,244
12, 172
11,534

8, 752
9,498
11,012
11, 136

41, 329
41, 692
44, 026
46,282

42, 104
43, 699
48,029
48, 948

51, 254
53, 494
45, 155
41, 082

43, 372
46, 003
49, 904
54, 372

50, 862
50, 092
53, 740
59, 844

2, 738, 842
2, 835, 311
2, 476, 262
2, 403, 748

138, 044
170, 376
148, 858
201, 369

20, 999
20,978
17, 851
9,323

115, 453
104, 722
98, 345
100, 181

40.58
40. 54
41. 67
41.69

30.35
30.35
30.59
30.34

9,292
10, 720
9,084
9,984

10,704
9,439
7,445
6,855

22, 750
23,728
25, 072
28,440

9,766
7,916
6,340
8,749

9, 980
8,219
7,829
9,076

45, 922
49, 498
41, 947
42, 206

45, 630
49, 686
39, 276
41,816

38, 372
39, 921
43, 204
44; 715

39, 968
40, 094
41, 594
47, 300

52,729
44, 793
50, 565
61, 103

$30, 995 7 215, 564
203, 175
16, 786
153, 155
13, 838
15, 496
126, 744
14, 651
127, 719
13, 403
111, 606
112, 302
17, 226

12, 954
15, 803
16,815
17, 359

159, 613
157, 877
176, 055
160, 298

2, 462, 094
2, 407, 740
2, 647, 420
2, 662, 413

1919mo.av_.
1920mo.av__

4,572
6,675
7,464
9,205
11, 563
11, 120
4,858

1925
January
February
March
April

May.
June
July...
August

_

September. .
October
November..
December..-

1936
January
February
March..
April

Mav

!

;

June
, beech, white fir, and
sugar pins—representing over 70 per cent of tlie total cut of lumber in the United States. Annual figures for 1913 and 1914 are from actual reports to the U. S. Department
of Agriculture, Forest Service, and from 1915 through 1920 are computed on the basis of actual reports to the Forest Service. Monthly figures for 1920 are obtained by prorating the cut of each species as reported by the associations whose figures are carried on these columns to the Forest Service total. For subsequent months prorating is done
on an approximate average for the years 1917 to 1920.
2 Exports consisting of boards, planks, and scantlings are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3 Data compiled by the Federal Reserve Bank of Minneapolis. Stocks represent the inventories of 19 companies retailing lumber through 588 yards in the Ninth Federal
Reserve District; sales represent the total retail business reported by 21 companies operating 625 yards. Data for 1919 were estimated for a few companies on the basis of the
correlation of reporting companies of 1919 and 1920. Monthly data from 1920 appeared in October, 1923, issue (No. 20), p. 59.
* Composite lumber prices compiled from weekly data published in the Lumber Manufacturer and Dealer, representing combined weighted averages for the respective
series of lumber, based on quotations on various grades for each species. The species are weighted according to annual production of the previous year, the w y eights changing about May of each year, when the new production figures are available. The softwood index is based upon 7 species: Yellow pine, Douglas fir, North Carolina pine.
white pine, hemlock, spruce, and cypress. The hardwood index is based upon 13 species: Maple, birch, beech, basswood, elm, oak, gum, ash, cottonwood, chestnut, poplar,
hickory, and walnut. Figures formerly published covered only first week of the month.
* Data on maple flooring (including also birch and beech) are compiled by the Maple Flooring Manufacturers1 Association, said to represent about 70per cent of the industry. The data for the period 1919-1922 include reports from 20 identical mills; in 1923 an additional mill was included, while 3 mills ceased reporting at the beginning of 1924.
In July, 1925, one other member was added, making a total of 19 reporting. Monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 43.
c Compiled by the Oak Flooring Manufacturers' Association from reports of 25 identical mills, said to represent about 90 per cent of the total oak-flooring industry.
Monthly data from 1912 appeared in May, 1924, issue (No. 33), p. 36.
' Seven months' average, June to December, inclusive.




67

Table 43.—GLASS, OPTICAL GOODS, AND CHINA PLUMBING FIXTURES
SPECTACLE
FRAMES
AND
MOUNTINGS^
YEAR AND MONTH

ILLUMINATING
GLASSWARE 2

Actual ShipSales UnNet
probilled filled orders duc- ments
(value) orders
tion billed
Per cent of capacity

Relative to 1919
1919
1920
1921
1922
1923
1924
1925

monthly av..__ 100
104
monthly av...
monthly av...
73
82
monthly av...
monthly av.__
119
monthly av_._
97
monthly av... « 91

1OO
114
51
41
83
43
834

e 35. 1
46.3
49.1
42.8
44.9

e

POLISHED
PLATE
GLASS3
Net
orders
received

Production

633.9
42.6
49.7
40.8
44.3

4, 465
6,390
7,422
7,629
7,469

6 1, 929

e 2, 236

125
128
139
115

83
77
58
46

41.5
46.0
50.5
43.7

51. 5
52.2
54.6
58. 1

41.8
45.3
44.6
39.7

7,603
7,424
8,280
8,361

May . June
July
August

90
82
45
70

32
23
25
30

39.9
40.1
33.6
38.1

39.9
35.4
25.1
28.4

38.1
36.0
29.0
37.8

8,203
7,313
6,920
6, 650 1

1925
January
February
March
April.
May _ June
July
August
September _
October
November
December

mo.

Net
orders
received

Thousands of gross

1924
January
Februorv
March
April

September
October
November
December

Un-

filled Stocks,
Shipments orders, end
end
mo.

Production

Thous.
sq. ft.

32. 4
44.0
49.3
43.6
44.8

VITREOUS CHINA PLUMBING
FIXTURES «

GLASS CONTAINERS *

8 7, 806

8 1, 695

Shipments

• 4, 773

7 232, 573

7 244, 712

85
110
87
87

43
43
38
20

48.7
45.8
43.5
42.2

37.7
45.7
51.0
43.6

44.3
48.3
45.5
39.5

6,948
8,154 |
7,821 !
7,878 )

80
90
97
96

27
35
42
39

38.9
50.0
51.0
43.0

38.7
52.0
55.5
38.7

39.4
45.1
48.7
41.9

34
30
29

45.5
49.2
36.1
44.1

40.2
48.4
27.9
40.6

43.6
46.8
34.3
40.8

50. 1
51.0
46.1
48.1

47.8
51.9
47.3
44.4

10, 297
10, 714
9,889
9,506

i

9,812
9,885
9,928
10, 328

45.9
50.6
47.3
37. 6

--

8,674
8,568
9,774
9,848

93
102
81

7 360, 937

.

j

!

7 449, 387

:::::::::::

!

I
1-

Stocks,
end mo.

Number of pieces

j

i

Unfilled
orders,
end mo.

1

"

199,909

207, 977

2,202
2,312

2,378
2,052

1,760
2, 032
1, 922
2,001

1,916
1,865
1,570
1,428

6,783
7,245
8,400
8,794

4,107
4,521
4,926
5,536

191, 831
221, 906
298,108

275, 710

266,987
277, 822

514, 062
444, 217

303, 271
308, 105

243,
246,
196,
236,

392, 533
367, 843
469, 361
508,308

323, 023
369,022
422, 373
439, 830

515
596
590
763

1926
January
February
March
April
May
June
I
1

!

Data from the Optical Manufacturers' Association, representing about 60 per cent of the industry. The figures were discontinued after July, 1925. Yearly figures
from2 1913 to 1918 appeared in August, 1925, issue (No 48), p. 62.
Data from reports of from 9 to 11 firms to the Illuminating Glassware Guild, estimated to represent from 70 to 75 per cent of the capacity of the industry, with capacity ranging from 4,500 to 7,000 turns per month. A turn is a four-hour working period for one shop. The association reports give details by classes of shades, reflectors,,
bowls, and globes in number of turns.
3
Compiled by Plate Glass Manufacturers of America, comprising practically the entire industry. Monthly data for 1923 appeared in January, 1926, issue (No. 53),
p. 23.
4
Data from the Glass Container Association, covering 41 manufacturers of glass containers of which 1 firm is missing in September. Details by classes are shown in
the association's report.
£ Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 35 manufacturers, covering almost all firms making vitreous chinaware which in
regular practice is connected with a drainage system. The figures represent A grade or regular selection. Details by classes are given on press releases, showing also B
grade or culls, the classification including siphon jets, washdowns, reverse traps, lowdown tanks, lavatories, and miscellaneous. Net orders received comprise total new
orders less cancellations, while stocks show amount of finished glost fixtures on hand at the end of the month.
6
Eight months' average, May to December, inclusive.
7 Six months' average, July to December, inclusive.
s Seven months' average, January to July, inclusive.
6 Four months' average, September to December, inclusive.




68

Table 44.—BUILDING BRICK, TILE AND TERRA COTTA

Number

1919
1920
1921
1922
1923
1924
1925

mo. av
mo. av
mo. av
mo. av
mo. av
mo. av
mo. av

Dolls,

251, 949
187, 856
224, 962
275, 946

1923
September.
October
NovemberDecember

sq. ft.

per

129, 573
7

Thous. of

thous.

Thousands of brick

57
23
20
20
17

Stocks,
end
of
Quan- Value month
tity

231,063

$15. 96
21.85
15. 25
17.36
19. 81
17.04
14.70

Average
price 6

Thous. Thous. Dolls, per
of dolls. of sq.ft.
sq. ft.

ARCHITECTURAL
TERRA..
COTTA
BOOKINGS ^
Quan- Value
tity
Short
tons
5,252
5,629
5,930

FACE BRICK*

Thous.
of dolls.

Shipments

N. ¥.5

Shipments

White
wall tile

UnBurned burned

Shipments

WholeProsale
Unfilled price, I ducorders
tion
red,

Ceramic
mosaic

1§
**
1

YEAR AND
MONTH

Stocks, end of
month

i

FLOOR AND WALL TILE 2

Production

f

COMMON BRICK i

Un-

St'ks, filled
end orders,
mo. end
mo.

Thousands of brick

$652
895
743
1,163
1,348
1,288
1,686

591
691
666
727

511
616
616
660

1,544
1,740
1,576
1,736

859
1,244
956
966

46, 687
64, 918
56, 757

129, 024

344, 580
281, 735

279,504

68,597

158,524

281,917

20
26
39
30

307, 633
306, 922
334, 381
313, 696

143, 641
129, 310
80, 643
55, 646

20.00

8,604

132, 538
66, 199

356, 429
293, 177
276, 124
266, 914

19.00
18. 00
19.00

9,112
10, 233
12, 990

1,057
1,029
1,143
1,385 !

713
755
656
595

638
731
545
377

1,348
1,409
1,451
1,662

1,064
1,039
899
755

1934
January
February.
March
,__ „
April

45
26
15
8

306, 503
282, 813
250, 118
238, 703

38, 349
39, 695
46, 226
58, 972

45, 762
104, 663
142, 197
169, 855

272, 403
286, 219
335, 926
382, 778

20.00
20.00
20.00
20.00

4,712

3,637

4,689
4,983
4,447

3, 500
3,961

May
June
July
August

6
7
12
13

223, 458
258, 474
231, 182

70, 802
72, 725
86, 722

3, 945
3, 893

68,138

394, 156
366, 098
314, 588
256, 017

20.00
20.00

261,800

163, 298
158, 753
149, 622
120, 777

16. 00
13. 50

3, S62

September
October
NovftTTibftr
December.. _ .

22
18
24
48

272, 172
312, 061
319, 585
354, 477

61, 150
44, 543
49, 596
51, 162

111, 846
135, 806
126, 945
118, 759

226, 529
186, 977
179, 225
202, 906

14.00
14. 00
13. 50
13. 50

1925
January
February _
March
April..

31
26
16
6

279, 862
305, 831
287, 800
281, 858

23,951
34, 891
43, 446
71, 266

94, 185
110, 790
170, 697
206, 551

201, 479
247, 176
329, 673
339, 629

14.50
14.50
13.50
13.50

9
5
12
7

239, 389
225, 451
227, 306
265, 897

67, 480
82, 987
92, 267
89, 608

180, 851
173, 215
180, 407
159, 309

333, 967
326, 226
292, 775
301, 913

15.00
15. 50
15.50
15. 37

12
18
21
43

338, 857
306, 588
279, 188

104, 066
86, 164
64, 090
62, 947

171, 830
172, 542
144, 127
137, 788

252, 511
262, 534
239, 636
253, 490

14.75
14. 75
14.75
14.75

May
June
July
August
September
October
November
December

_

_.

316,023

4,235

3,678

$1, 246

7,659 $0.24 $0. 40

10, 524
10, 556
11, 937
13, 980

4,064

1,197
1,087
1,182
1,301

6,510
7,022
7,605
7,845

.24
.24
.24
.24

.40
.40
.40
.40

16, 779
13, 907
12, 462
13, 578

1,623
1, 533 1
1,374
1,628

454
470
574
680

326
384
609
777

1, 716
1,753
1,657
1,678

888
1,040
1,145
1,264

3,514
3, 777
3, 635
3, 913

1,216
1,324
1,249
1,322

7,846
7,834
7,616
7,398

.24
.24
.24
.24

.40
.40
.40
.40

10, 656

1,288 |
1, 187 ;
1,544
1,013

805
742
775
743

837
710
697
214

1, 473
1, 448
1,510
1, 503

1, 194
1,109
949
936

4,090
4,404
3,882
3,859

3,770

1, 308
1, 462
1,170
1,134

7,533
7,821
7,910
8,964

.24
.24
.24
.24

.40
.40
.40
.40

11, 471
10, 374
9,861

1,184
954
1,106
1,022

692
745
664
639

722
692
555
366

1,457
1,475
1,433
1,803

808
781
716
644

3,606
3,708

3, 031

3,891

4,260

.24
.24
.24
.24

.40
.40
.40
.40

12, 809
11, 429
14, 849
17, 875

1,434
1,306
1, 675
2, 073

548
508
670
777

283
436
732
902

2,068
2,034

3,859

9,090
9,358
9,506
9,076

1,801

4,014

1,085
1,162
1,357
1,503

1,769

728
949
1,091
1,140

1,544
1,625
1,725
1,788

8,308
7,389
7,194
6,624

.24
.24
.24
.24

.40
.40
.40
.40

10, 376
14, 964
10, 774
15, 451

1,287
1,806
1,392

2,002

883
817
837
812

890
875
822
733

1,688
1,589
1,503
1,477

1,200
1,153
1,007
892

1,892
2,029
1,761

6,617
6,542
6,539

.24
.24
.24

.40
.40
.40

18, 550
12, 341
13, 864
14, 483

2,156
1,607
1,696
1,794

723
823
683
640

681
651
504
409

1, 522
1,693
1,713
1,978

929
903
835
770

4.200

4, 047

3,289
3,042

3,270

4,162

4,315

4,408
4,508
4,809

4,526
4,839
4,867

5,092

5,178

5,313
5,619

5,470
5,040

11,293
14, 339
8, 995

9,526

1926
January
February
March
May

1 Data, except prices, compiled by the Common Brick Manufacturers' Association of America from reports of about 100 concerns representing about 30 per cent of the
total output of common brick. It should be noticed that the number of plants shut down increases considerably in the winter, owing to seasonal shutdowns in the more
northern localities. Details by districts are given in the association's reports. Monthly data from 1921 appeared in May, 1925, issue (No. 45), p. 27.
2 Compiled by the U. S. Department of Commerce, Bureau of the Census, from data reported by 37 concerns who produced about 80 per cent of the total production of
floor and wall tile in 1923, including the entire membership of the Associated Tile .Manufacturers. Details by grades and kinds are issued each month in mimeograph form.
3
Bookings of architectural terra cotta are compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 27 manufacturers who produced
•over 95 per cent of the total architectural terra cotta made in 1922. Values exclude freight, cartage, duty, and setting charges. Monthly data from 1919 are given in the
October, 1924, issue (No. 38), p. 52. Details by districts are given in the press releases.
4
Data compiled by American Face Brick Association, representing averages per plant in order to allow for the variation in number of firms reporting. About 70 firms
usually report. Monthly data from 1922 appeared in January, 1926, issue (No. 53), p. 22.
s Wholesale prices are monthly averages from U. S. Department, of Labor Bureau of Labor Statistics, yearly price averages from 1913 to 1918 appeared in the November,
1924, 6 issue (No. 39), p. 101.
Ceramic mosaic prices relate to K-inch square, selected, white; and white wall tile prices relate to bright glazed, 6 by 3 inches, standard. The prices are weighted
by the shipments of ceramic mosaic and white wall tile, respectively, of each firm reporting on these items.
<7 Eleven months' average, February to December, inclusive.




69

Table 45.—CEMENT, HIGHWAYS, AND PAVING BRICK
PAVING BRICK <
CONCRETE FEDERAL AID
PAVEMENTS
HIGHWAYS
UNDER CONCONWholesale
Per
TRACTED
STRUCTION
price, net,
(end of month) 3
FOR 2
Unfilled cent
Stocks, without bags
Stocks, Orders Canof caShiporders,
Ship- end of
ProProYEAR AND MONTH duction ments end of
duction ments month received cella- end off pacity
tions month
month Chi- Lehlgii
EstiDiscago Valley Total Roads mated
tance
(No. 1
mills
cost
dist.
and
No. 2
Thous.
brick)
Thousands of barrels
Per barrel
Thous.of sq.yds. of dolls.
Thousands of brick, No. 1 quality
Miles
PORTLAND CEMENT

1913 monthly a v _ _ _
1914 monthly a v _ _ _
191 5 monthly a v _ _ _
191 6 monthly a v _ _ _
1917 monthly av
1918 monthly a v _ _ _
1919 monthlv av

7, 675
7,353
7,146
7,589
7,721
5, 891
6,700

7,391
7, 203
7,219
7,852
7,542
5, 894
7,167

11, 220
12, 773
11,312
11, 054
11, 080
9,386
9, 809

$1.011
.89
.95
1.19
1.53
1.67
1. 66

$0. 89
.89
.79
1.03
1.40
1.75
1.74

1920 monthly av__.
1921 monthly av__.
1922 monthly a v _ _ _
1923monthlyav__.
1924 monthly a v _ _ _
1925 monthly a v _ _ _

8, 306
8,191
9,489
11,448
12, 405
13, 442

7,999
7,921
9,714
11,324
12, 146
13, 060

7, 278
10, 161
9, 572
9,258
13, 178
Iff, 048

1.80
1.54
1.61
1.72
1.74
1.73

2.05
1.85
1.73
1.88
1.75
1.75

3,264
4, 686
6, 595
6, 580
7,679
8,681

2, 454
3,662
4,863
4, 245
4,842
5, 328

$274, 024
301, 883
280, 959

14, 529
14, 638
12, 184

1924
January
February
March
April

8,788
8, 588
10,370
11,726

5,210
5,933
8,995
12, 771

14, 155
16, 815
18, 189
17, 159

1.72
1.75
1.75
1.75

1.75
1.75
1.75
1.75

4,013
4,562
8,009
10, 196

2,613
3,421
5,798
7,004

274, 173
76, 903
277, 802
286, 814

13, 923
13, 800
13, 767
13, 926

19, 664
19, 571
21, 656
22, 750

9, 491
6, 442
10, 989
15, 827

91, 737
102, 498
117,451
122, 123

May
June
July
August

13, 777
13, 53-8
14, 029
15, 128

14, 551
15, 036
16, 614
16, 855

16, 403
14, 903
12, 319
10, 666

1.75
1.75
1.75
1. 75

1.75
1.75
1.75
1.75

12, 500
8,948
10, 025
10, 286

8,527
4,939
6,214
6, 010

302, 683
325, 181
333, 979
337, 398

14, 558
15, 350
15, 704
15, 694

26, 569
24, 998
31, 452
26, 569

24, 507
27, 786
31, 300
32, 400

Septemb*3**
October
November
December

14, 519
14, 820
13, 141
10, 435

16, 827
17, 160
10, 289
5,506

8,404
6, 073
8,928
14, 123

1.75
1.75
1.75
1.68

1.75
1.75
1.75
1.75

6, 839
6,806
3,000
6,958

3,818
3,211
1,891
4,661

344, 905
333, 121
311, 178
285, 460

15,712
15, 538
14, 390
13.. 287

25, 833
26, 294
27, 078
23, 000

1925
Januarv
Februarv
March
April

8, 856
8,255
11, 034
13, 807

5,162
6,015
10, 279
14, 394

17, 656
19, 689
20, 469
19, 877

1.74
1.75
1.75
1.75

1.75
1.75
1.75
1.75

4,513
5,047
8,502
17, 363

3,474
3,787
5, 772
12, 463

269, 757
261, 132
264, 625
261, 712

12, 759
12, 344
12, 389
12, 231

Mav
June
July
August

15, 503
15, 387
15, 641
16, 419

16, 735
17, 501
18, 131
18, 383

18, 440
16, 409
13, 896
11, 952

1.75
1.75
1.75
1.75

1.75
1. 75
1.75
1.75

12, 286
10, 222
12, 044
9,594

7, 724
5,981
6,362
6, 368

280, 358
284, 483
284, 609
278, 662

15, 939
15, 992
13, 656
10, 809

17, 711
15, 309
10, 187
6,914

10, 247
10, 979
14, 534
18, 429

1.75
1.70
1.65
1.65

1.75
1.75
1.75
1.75

9,730
6,135
3,488
5, 244

4, 087
3,711
1,718
2,491

291, 549
292, 662
343, 997
257, 958

_.

September
October _
November
December

1936
January
February
Jvlarch
April..

|
i

|j

4, 455 5 3, 435

1
6

2, 207
957
1, 258

7 86, 763
71,115
63, 710

680
70
74

6,834
11, 136
33, 739
20, 847

1,164
110
88
665

51, 419
55, 482
78, 347
83, 184

46
50
50
57

122, 303
111,637
110, 286
97, 407

46, 147
23, 240
28, 747
21, 454

444
1,304
2,855
594

100, 242
99,314
92, 237
76, 867

69
68
81
74

31, 563
29, 142
22, 833
9,207

86, 875
73, 604
73, 846
85, 283

27, 070
16, 535
10, 839
11,235

1, 536
924
1, 620
176

74, 089
59, 496
45, 840
44, 059

88
91
89
75

25, 266
20, 841
27, 404
28, 444

4, 198
5,613
12, 271
18, 738

111, 666
117,776
135, 435
139, 223

5, 751
6,932
23, 188
21, 921

40
21
712
1, 627

51, 572
49, 692
64, 091
68, 636

62
62
78
81

12, 583
12, 536
12, 276
11, 837

32, 177
30, 731
30, 635
34, 098

25, 690
31, 973
34, 317
35, 638

131, 689
126, 038
117, 543
116, 123

41, 391
31, 125
29, 270
33, 209

1,969
1,014
1,855
1,132

82, 101
82,239
75, 389
77, 662

86
82
79
81

12, 186
12, 188
11,935
10, 838

30, 072
28, 935
23,611
21, 302

29, 773
28, 482
17, 869
10,788

104, 286
99, 567
101,915
95, 427

31, 925
19, 021
17, 746
9, 916

2, 362
3,262
364
738

63, 702
51, 161
50, 669
46, 608

78
74
60
64

631,495 6 27, 123 7 78, 929 6 24, 699
24, 620
20, 957 99, 588 21, 485
27, 793
21, 279 116,390 22, 616

I
_-_-

May
June
I
1

Data on Portland cement, presenting complete reports of manufacturers, are from the U. S. Department of Commerce, Bureau of Mines, except prices, which are averages
of weekly prices reported by the U. S. Department of Labor, Bureau of Labor Statistics. The cement industry is highly seasonal and its figures should be compared with
corresponding months of previous years rather than with other months of the current year. Detailed data by months back to 1915, with an 8-year average for each month
which can be used for seasonal comparisons, will be found in the September, 1923, issue (No. 25), p. 47. Monthly price data from 1913 appeared in December, 1923, issue
(No. 28), p. 54.
2
Concrete pavements contracted for throughout the United States are from the Portland Cement Association, Highway Bureau. The total contacts include streets and
alleys besides roads.
3
Data on amount of Federal aid highways under construction at the end of month specified are compiled by the LL S. Department of Agriculture, Bureau of Public Roads,
and 4include all kinds of improved roads built with Federal aid.
Compiled from reports of the Paring Brick Manufacturers' Association, covering from 24 to 29 companies each month, stated to represent from 66 to 71 per cent of the
industry; further details as to size, quality, and geographical distribution may be obtained from the regular reports of the association.
* Of the numerical 1919 monthly average, 3,221,000 yards was actually reported. The remainder is the prorated portion of a total of 3,338,309 yards for the last year of
pavement less than 6 inches thick not allocated by class of pavement. This has been prorated to roads on the basis of the roads' share of allocated contracts.
6
Nine months' average April to December, inclusive.
7
Ten months' average, March to December, inclusive.




70

Table 46.—METHANOL AND ETHYL ALCOHOL
METHANOL i

ETHYL ALCOHOL »

Refined

Crude, for refining

Consumed

YEAR AND MONTH

Purchased

United
States

Canada

Stocks, refineries,
end of month
United
States

Canada

Produced
United
States

Canada

United
States

With-

Ware-

izatiou

Stocks, end of
of month

month

house
Produc- drawn stocks,
for
tion denatur- end of

Canada

Gallons

Thousands of gallons
4

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

3 6, 581
3 6, 573
3 6, 758
3 15, 232
3 17, 632
3 12, 532
3 8, 180

3 1, 413
3
1, 484
3 2, 118
3 7, 044
§7,814
3 7, 554
3
5, 033

3, 014
2, 495
2, 500
4
2, 602
4
3, 657
4
14, 719
4
6, 403

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

6 9, 485
6,119
8,137
11, 234
12 201

« 4, 398
3 864
6,876
9,527
10,965

5 4, 466
7,040
5,074
4,754
3, 980

13, 819
11,301
10, 054
8,788

12, 476
8,522
7,455
6, 357

1, 915
3,564
4,833
6,235

8,891
7,812
9,254
11, 029

6,758
7, 697
9,021
11, 130

7,244
6,035
4,614
3, 481

13, 118
15, 962
16, 452
19, 930

12, 012
14, 515
16, 211
19, 423

3,632
2,881
1,975
1,350

13, 690
9,722
9,682
10, 168

1,932
4,037
5,010
5,983

|
a 480, 012

e 669, 215

e 25, 133

6 1. 355, 717

8 41, 085

6 514, 506

6 24, 202

« 591, 996

4

4

e 47, 019

1934
January
February
March
April

_ _ _ _

May
June
July
August

_ «.

September
October
November
December

- -

1925
January
February
March
April

430, 372

581, 181

37,928

1, 785, 550

65, 643

474, 701

36, 680

717, 853

68, 477

16,323
13, 120
12, 592
12, 096

May
June
July
August

390, 831
336, 740
395, 832
435,423

588,073
480, 057
645, 490
621, 670

29,123
17, 493
22, 941
None.

1, 869, 327
1, 461, 989
1, 543, 375
1, 465, 549

58, 648
55, 475
42, 944
42, 077

416, 227
375, 040
394, 207
525, 683

27, 965
16, 793
22, 000
None.

715, 100
669, 861
554, 261
575, 492

50, 344
51,551
' 52,459
32, 007

12, 718
13, 457
13, 143
18, 550

9,971
11, 526
16, 240
16,823

7,831
9,038
6,968
7, 831

September
October
November
December

454, 391
681, 985
597, 836
596, 693

619, 182
905, 952
809, 507
771, 827

22, 188
12,200
40, 895
47, 391

1, 362, 18S
1, 064, 365
856, 751
792, 357

19, 889
36, 606
33, 186
15, 300

509, 185
671,808
6o5. 541
608, 152

26, 898
11, 500
39, 200
45, 555

526, 176
515,917
495, 492
557, 812

40, 129
32, 443
40, 846
54, 915

19, 859
21, 541
21, 235

18, 021
21, 624
20, 680

8,913
7,411
6,636

1936
January.
February
March
April

__

May
June _

1 Compiled from individual rep9rts of all methanol-refining plants in the United States and Canada by the U. S. Department of Commerce, Bureau of the Census, the
following grades of methanol being included: 95 per cent refined, 97 per cent refined, pure, O. P. and denaturing grade methanol. The amounts of crude methanol purchased by refiners are less than consumption of crude in refineries because many refiners have their own crude plants and thus do not have to purchase crude methanol.
Canadian refineries all have their own supplies of crude and so no purchase column is shown for Canada.
2 Statistics of ethyl alcohol, compiled by the U. S. Treasury Department, Bureau of Internal Revenue, comprise all 160° proof alcohol produced in the United States.
Withdrawals for denaturing represent approximate production of denatured alcohol. The large increase in the proportion of the total production used for denaturing,
beginning with 1922, is stated to be due to the use of denatured alcohol, which pays no tax, for certain medical purposes in place of pure alcohol which was formerly used
and is taxable.
3 Fiscal year beginning July 1 of year indicated,
* Stocks on June 30 of year indicated.
« Eight months' average, May to December, inclusive.
6
Nine months' average, April to December, inclusive.




71

Table 47.—WOOD DISTILLATION1
METHANOL (CRUDE)

ACETATE OF LIME

1

Ship- Stocks, Exments end of ports 2
1110.

Production

YEAR AND MONTH

monthly average.
monthly average
monthly average.
monthly average.
monthly average.
monthly average.

12, 421
4,885
10, 445
13, 700
10, 751
12, 749

9

$2.78
1.87
2,300 2,26
3.84
1,829
3.27
1,926
1.837
2.90
1,942
1,520

13, 683
13, 424
9,819
12, 493

35, 836
14, 269
23, 537
22, 162

Production

Dolls,
per
cwt.

Thousands of pounds
1920
1921
1922
1923
1924
1925

i.".
"S «

gsl

Shipments

Stocks,
end of
mo.

Exports 2

652, 021
324, 504
567, 409
716, 144
574, 799
628, 732

635, 563
666, 718
591, 531
652, 849

2, 749, 407
8, 494, 877
2, 110, 722
1,611,620

4««
en

Carbonized

Stocks, j
Total
end of
mo.

Dolls,
per
gal.

Gallons
58, 589
34, 343
105, 860
100, 585
53, 386
34, 015

DAILY CAPACITY

WOOD

$2.56
.80
1.64
1.06
.76
.61

Re- Shutport- down
ing

Cords
78, 580
34, 177
64, 286
80, 787
61, 577
66, 377

5,629
5,448
5,391
5,339
4,687
4,719

829, 227
826, 847
942, 884
794, 744
715, 690
622, 608

i
I

4,083 626
4,585 2,771
5,217 1,890
5,171 1,183
4,038 681
4,272 759

|

1923
January
February
March
April

15, 721
13, 470
14, 960
13, 698

16, 261
13, 635
16, 490
14, 870

14, 143
14, 499
12, 902

May
June
July
August

14, 823
14, 439
13, 180
12, 960

September
October
November
December

11,893

1, 574
1, 553
1, 963
4, 449

3.50
3.50
3.50
3.63

893, 413
730, 590
791, 457
713, 643

866, 339
667, 929
689, 028
684, 261

2, 000, 039
2, 044, 429
2, 133, 098
2, 194, 789

142, 361
190, 289
181, 497
81, 085

1.13
1.13
1.13
1.13

98, 470
81,912
87, 514
82, 040

813, 499
796, 541
765, 045
749, 363

5,334
5,334
5,334
5,334

5,091 907
5,123 936
5,135 1,120
5,135 909

17, 938
13, 995
13, 145
7,724

9, 007
9, 756
9, 767
14, 624

2,491
3,019
2, 946
626

4.00
4.00
4.00
4.00

798, 369
736, 806
612, 955
654, 822

566, 870
629, 250
514, 279
481, 111

2, 429, 617
2, 526, 412
2, 669, 895
2, 866, 218

109, 541
85, 063
63, 868
70, 226

1. 13
1.13
1.13
1.13

90, 509
85, 864
78, 244
75, 289

760, 123
782, 579
796, 413
796, 794

5,329
5,329
5,329
5,349

5,130
5, 190
5,190
5, 210

1,024
1,189
1,311
1,451

11, 675
12, 973
14, 685
11, 814

8, 227
12, 628
14, 034
12, 144

18, 034
18, 549
19, 249
18, 800

223
336
1,424
1,348

4.00
4.00
4.00
4.00

574, 124
666, 364
756, 746
624, 433

526, 623
732, 399
889, 362
753, 166

2, 902, 923
2, 851, 938
2, 726, 866
2, 592, 298

77, 351
49, 184
76, 023
80, 535

.99
.93
.88
.88

65, 722
74, 130
82, 080
67, 669

799, 988
822, 502
816, 300
837, 783

5,333
5,356
5,356
5,356

5,194
5,217
5,217
5,217

1,367
1,260
1,130
1,594

1924
January. _
February
March
April

13, 420
13, 173
14, 107
12, 650

9,022
8, 548
9, 028
12, 460

23,402
27, 623
32, 370
30, 535

326
1,119
1,622
1,421

4.00
4.00
3.88
3.38

705, 747
690, 403
741, 505
698, 126

642, 812
681, 057
617, 949
626, 837

2, 632, 633
2, 738, 308
2, 749, 818
2,656,211

73, 768
120, 489
26, 231
32, 188

.88
.88
.88
.88

78, 892
73, 541
78, 661
74, 596

786, 174
814, 896
815, 824
849, 991

4,633
4,633
4,633
4,633

4,513
4,495
4,513
4,378

630
408
382
468

May
June..
July
August

11, 539
9,396
7,714
8,112

8,561
9,261
7,056
11, 101

33, 986
32, 291
23, 757
19, 764

3,249

3.00
3.00
3.00
3.00

623, 107
492, 902
408, 132
444, 612

659, 564
472, 285
448, 022
525, 756

2, 615, 144
2, 368, 760
1, 873, 932
1, 797, 729

60, 651
51, 125
50, 462
77, 547

.75
.74
.65
.68

67, 841
53, 594
46, 536
47, 198

866, 518
821, 242
623, 940
663, 715

4,609
4,609
4,609
4,609

4,339 698
4,156 1,199
3,580 926
3,544 969

8,449
9,803
10, 327
10, 317

10, 025
12, 047
11, 698
9,026

18, 070
15, 259
11, 890
13, 499

2,462
1,367
3,512
980

3.00
3.00
3.00
3.00

464, 702
539, 333
562, 828
526, 192

578, 381
621, 412
627, 586
596, 706

1, 656, 499
1, 551, 678
1, 372, 786
1, 315, 166

19, 747
50, 901
42, 218
35, 310

.68
.69
.68
.68

49, 850
57, 624
55, Oil
55, 585

645, 956
633, 428
538, 798
527, 802

4,819
4,819
4,819
4,819

3,724
3,784
3,712
3,712

926
709
581
275

13, 081
11, 906
12, 827
12, 835

10, 248
10, 126
11,416
9,443

21, 233
23, 072
25, 149
27, 891

1,995
999
1,098
1,639

3.00
3.00
3.00
3.00

648, 709
615, 306
663, 665
663, 269

654, 369
594, 191
582, 665
587, 796

1, 459, 231
1, 520, 487
1, 870, 472
1,792,210

56, 760
39, 625
63, 343
34, 321

.68
.68
.68
.68

71, 130
62, 880
68, 848
68, 567

629, 784
627, 045
672, 600
680, 703

4,807
4,807
4,807
4,807

4,280
4,280
4,488
4,488

339
363
381
591

12, 802
11, 262

13, 335
15, 054
12, 078
11,722

27, 406
23, 468
23, 216
22, 467

1,815
1, 498

2.88
2.75
2.75
2.75

655, 601
584, 271
622, 363
601, 252

617, 332
593, 291
620, 134
664, 594

1, 845, 528
1, 840, 551
1, 856, 717
1, 638, 849

39, 342
17, 853
28, 447
9, 881

.58
.58
.58
.58

67, 645
61,670
64, 456
64, 123

690, 469
670, 716
579, 916
637, 916

4,807
4,807
4,639
4,639

4,488
4,488
4,356
4,308

849
987
935
921

13, 301
13,485
12, 569
17, 144

20, 381
17, 572
18, 879
15, 215

2.75
2.75
3.00
3.13

559, 805
591, 422
653, 186
688, 733

641, 815
776, 907
736, 225
7CO, 550

1, 551, 127
1, 370, 289
1,315,337
1, 278, 637

15, 320
19, 558
10, 643
73, 092

.58
.58
.58
.58

62, 123
62, 708
69, 706
72,906

609, 719
590, 459
563, 092
518, 871

4,639
4,639
4,615
4,615

4,248 969
4,248 1,095
4,248 841
4, 248 941

_ _
._. .

September
October
November
December

__.

1935
1 January _ _
February
March
April
May
June
July
August

September
October _
November
December
1926
January-February
March
April
May
June

11,803
15, 891

11,715
._

-

12, 207
12, 908
13, 747

3,184
3,196
728

2,457
1,231
1,340
426
4,571

2,970

3.25

._.

1
Except for prices and exports, data are compiled by the U. S. Department of Commerce, Bureau of the Census, including through June, 1924, the reports of the National
Wood Chemical Association, the total reports from all sources comprising about 95 per cent of the industry during most of this period. Beginning with July, 1924, all data
have been collected directly by the Bureau of the Census. The decline in capacity in January, 1924, is due to dropping from the capacity records of firms with a daily
capacity of 723 cords which had been idle for a long time. Monthly data on production and on consumption and stocks of wood for 1920 appeared in the September, 1923,
issue (No. 25), p. 46, the 1921 data being revised in the December, 1923, issue (No. 28), p. 51. Press releases of the Bureauofthe Census also give Canadian figures, beginning
with 1925.
2
Exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
a Wholesale prices representing monthly averages from U. S. Department of Labor, Bureau of Labor Statistics.




72

Table 48.—NAVAL STORES, ROOFING, EXPLOSIVES, AND DYES
TURPENTINE

t

PREPARED
ROOFi ING*

ROSIN

DRY ROOFING FELT 3

DYES AND
DYESTUFFS

EXPLOSIVES*

i
Net
WholeNet
W
J^e~ Shipreceipts Stocks
receipts Stocks, 1 sale
(3 ports)i (Sports) price e (8 ports) 1< (3 ports)i p ^ fl ments

YEAR AND MONTH

Dolls,
per gal.

Barrels

1913
1914
1915
1916
1917
1918
1919

monthly average
monthly average
monthly average
mnothly average
monthly average. .. .
monthly average- _ _
monthly average

26, 494
22, 807
25, 819
23, 006
13, 349
15. 481

1920
1921
1922
1923
1924
1925

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

21, 131
22, 110
21, 765
26, 515
25, 667
24, 319

Production

Dolls, Thous. i
per bbl. of sus.:;

Barrels

59, 721
71, 562
96, 818
122, 792
55, 853

58,914 |
92,260 1
98,905
79,787 1
53, 138
54, 092

275, 273
322. 029
323, 401
292, 12C

27, 764
47, 707
26; 762
28, 610
38, 567
40, 731

1. 74
.68
1. 15
1. 17
.91
1.01

69, 912
65,938 I
83,439 1
97, 575
92, 295
90, 195

157, 942
S16, £Sc
rOS, 498
2G6. 932
250. 478
192.208

Productlon

,, . .
IN « tons

Shipments

Exports «
Stocks,
end of Vege- Coal
month table
tar

Sales

Thousands of pounds

i

M^ '

!

$0. 43
.47
.46
.49
.49
.59
1.20

St'ks,
end of
mo.

':
:|

4.02
3.77
5.80
6. 39
1C. 56
15. I'"1

1
j

i
i

I

!

!

2 079

|

i
15. 29
5.79

? 360
2, 182
2. 541

6.01 j
6. 17
10.94

2, 714

2,427
2,296
3,588

30, 756
36, 762
33, 740
34, 241

31, 080
36. 542
34, 340
34, 141

28, 926
35,174
32, 726
32, 729

16, 316
18, 758
17, 067
17, 346

437
354
264
310

696
1. 494
1., 310
2,150

I
1

1934
10, 788
5, 078
4, 826
15, 581

41, 545
34, 148
23, 487
22, 456

1.10
1.02
1.02
.97

May
June
July
_
\ugust

34, 949
39, 620
45, 440
40, 605

23, 595
32, 499
34, 200
43, 567

.SO
.84
.84
.89

112,
110,
129,
124,

September
October
November
December

34, 364
25, 637
24, 924
26, 189

52, 856
41, 587
51, 489
61, 379

.89
.88
.85
.84

January
February
March
April

& 9, 016
* 12, 055
!(>, 07S
17, 406
20, 297

_

•300, 006
261, 109
22(i. 775
2G3, 159

5. 77 I
5.80
5.73
5.78

2. 380
2.915
2, 560
2. 3f.O

14, 662
16, 263
16, 267
17, 016

1,982
i 623
1,860
2, 590

32, 235
35, 081
34, 355
33, 858

34, 026
35. 349
33. 408
33, 674

33, 467
32, 540
32, 368
31, 398

17, 088
16. 697
16, 697
17, 299

165
459
199
232

1.433
1,739
1, 244
1,015

571
088
907
876

234, 644
2il, 108
270. 218
274, 605

5. 59
5.53
5. 59 i
5. 81 •

2. 496
2,331
2, 596
2, 747

17, 108
17, 593
17, 597
18, 171

2,878
2, 813
2, 740

30, 179
30, 817
31, 097
33, 890

31,043
32, 842
36, ly9
34, 235

31, 561
31, 586
30, 765
33, 609

17, 744
15, 730
16, 399
16, 101

268
166
345
231

751
1,288
1,819
2,084

113,209
92T 962
105, 007

273, 721
22S, 614
223, 673
256, -182

6. 12
3, 192
3, 227
7. 1C
7. 60
2, 416
7. 60 i 3, 363

19, 245
20, 445
17, 327
17, 179

1,850
1,768
1, 946
2,257

37, 158
41, 030
33, 973
31, 208

37, OG2
39, 236
33, 591
31,411

35, 777
36, 554
32, 513
30, 569

187
16, 314
18, 194
355
18, 355
225
18, 181 J
340

971
1,080
1,268
1,022

33, 479

34, 541
31, 675
31, 269
33, 451

16, 480
18, 976
20, 358
19, 501

201
216
430
287

2,007
2, 067
1,990
2,172

61, 971
50,610
29, 816
57,310

|
i

1925
8, 391
6, 167
5, 907
16, 695

May
June
July
August
September..
October
November
December

_.

1926
January _..
February
March
April

.93
.94
.92
.96

34, 379
42, 146
42,704
36, 945

26, 761
35, 402
44, 957
58, 437

1.06
.99
.97
1.01

106,
126,
134,
122,

48, 149
48, 404
45, 046
51, 247

1.12
1.13
1.12
1.02

115,023
100, 264
77, 491
92, 070

6,512

_-

49, 556
37, 606
22, 831
20, 373

34, 013
26, 367
18, 001
20, 114

Januarv
February
March
April

44,907

51, 279
49, 322
50, 137
57, 080

&. 24 ! 2, 370
S.28 | 2, 170
8.00
2, 373
7. 95 1 2, 773

222;, 857
199, 896
171. 197
154, 244

20, 076
15, 658
18, 652
19, 788

3,503
3, 713
3,813
4,362

34,211
33, 504

35, 296
34, 074
33, 3f,4
33, 727

161, 970
210, 059
211 ,452
202, 247

8. 91 i
8. 91
9. 98
10. 80 '

2, 452
2. 962
3, 021
3, 003

20, 656
20, 946
22, 360
22, 794

3, 378
3, 075
3,751
3, 951

32, 718
33, 894
35, 621
37, 436

33, 769
35, 492
35, 545
37, 429

32, 165
34, 860
33, 869
36, 402

18, 272
16, 540
16, 187
16, 585

322
291
421
431

2,077
2,128
2,081
2, 205

181,
181,
196,
220,

424
622
609
022

14. 19 i
15. 88
15. 94
14.07

3, 176
3, 473

23, 272
23, 946
19, 043
16, 373

3, 231
2, 556
3,488
4,234

35. 844
33, 049
31, 638
31, 765

35, 454
33,414
33, 127
30, 214

33, 020
32, 594
31, 181
27, 817

17,335
16, 309
14, 958
16, 649

236
334
306
248

2, 512
1,718
1,840
3,005

940
613
939
479

i
36, 466

199, 121

_

i
1

i

1

May
June

i
i

1
Represent the receipts and stocks at Jacksonville, Savannah, and Pensacola as reported by the Naval Stores Review, earlier data being supplied by the Savannah
Board of Trade, Jacksonville Chamber of Commerce, and Pensacola Chamber of Commerce. Monthly averages for 1914 and 1915 are based on the season beginning Apr. 1 of
the year indicated and thereafter on the calendar year. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 40.
2
Compiled by the Prepared Roofing Manufacturers' Association, prorated to 100 per cent of the industry, from reports received from 60 to 90 per cent of the total machine
activity, comprising all types of asphalt saturated roll roofing whether surfaced or not and all types of asphalt shingles. Monthly data back to 1919 appeared in the September, 1923, issue (No. 25), p. 55. Beginning with 1926 the name of the association was changed to the Asphalt Shingle and Roofing Association.
3
Compiled by the Felt Manufacturers' Association, including reports from 16 identical mills, until 1925, when 17 firms reported. The felt is made from waste rags and
the data are said to represent about 50 per cent of the industry. Data as to receipts of rags and paper and stocks of all kinds appeared in November, 1924, issue (No. 39),
p. 104. Average prices are also included in the reports of the association.
4
Compiled by the U. S. Department of Commerce, Bureau of Mines, from reports from 24 companies. Data comprise black powder, permissibles, and other high
explosives, and do not include reports of manufacturers of ammunition and fireworks, nor production of nitroglycerin, except in so far as nitroglycerin is used in the manufacture of other explosives. Detailed data by classes from 1922 appeared in November, 1924, issue (No. 39), p. 107.
6
Data compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Export figures for "vegetable" dyes include logwood extract
(about 50 per cent) and other dye extracts; coal-tar exports comprise coal-tar colors, dyes, and stains.
6 Data from the U. S. Department of Labor, Bureau of Labor Statistics, and represent average prices in the NewT York market. Quotations for resin cover grades common
to good. Monthly data from 1913 appeared in November, 1925, issue (No. 51), p. 22.
7
A roof square is equivalent to 100 square feet of covering as measured on the roof.
8
Represents reports from 11 mills only.




73

Table 49.—CHEMICALS
[Index numbers for base year in bold-faced type]
SULPHURIC
ACID

Oils and fats -

Chemicals 2

Crude drugs 1

YEAR AND
MONTH

Essential oils 1

Drugs and
Pharmaceuticals i

WHOLESALE PRICE
INDEXES

Index numbers rela- Relative to
tive to Aug., 1914 : 1913-14 1

NITRATE OF SODA i

POTASH

ACID PHOSPHATE «

Production in
Chile
Exports 4

Wholesale
price 3

Pounds

Dollars
per 100
pounds

\

ImProUnits Imports ports 4 duction
Quantity p^
ing

Metric
tons

$n?s

Stocks,
end of
month

Exports 4

Consumption in
cotton
States 6

Long
tons

Consumption

Short tons «

LoiS'"""

FERTILIZER

Short
tons

\

1919-13 mo av
1913 mo. av
1914 mo. av
1915 nio. av
1916 mo. av
1917 mo. av
1918 mo. av
1919
1920
1921
1922
1923
1924
1925

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

100

100

100
1"
i

av
av
av
av
av
av
av

100

10O

-

614, 940
807, 417
1, 098, 015
6, 486, 619
5, 538, 625
5, 293, 578

1.00
1.00
1.30
2.00
1.70

6, 691, 220

i

1.60

238, 712

116

1.00
1. 12
.91
.76
.73
. 71
.70

139, 921
210, 386
109, 629
89, 317
158, 809
200, 266

43, 177
52, 155
45, 143
64, 349
101, 535
128, 801
153, 766

21, 124
22, 291
17,611
6,305
978
802
1,564

103,391
119, 938
85, 639
30 647
32, 747
28, 733
18 713

67
99
54
38
69
89

33, 955
110, 160
30, 767
45, 039
74, 084
82, 053
92. 901

5,230
14, 880
8,739
20, 103
19, 205
19, 088
21,751

54, 509
117, 994
74, 620
77,912
91, 641
89, 216
95, 532

126, 271
70, 486
98, 503
87, 707

201
196
129
120
142
155
157

213
265
158
131
135
140
174

185
202
134
174
220
208
198

125
114
113

142
139
155

1, 774, 625
2,415,612
1, 067, 862
1, 039, 199
686, 981
j
939, 306
628, 067

156
153
151
153

137
136
133
134

230
219
207
206

114
113
111
110

126
126
136
149

1, 884, 807
957, 377
640, 967
851, 858

.70
.70
.70
.70

198,
194,
201,
203,

979
856
157
339

91
90
89
88

73, 541
37, 440
50, 400
81, 798

9,608
5,405
10, 266
9,482

September. __ __
October
November
December

157
156
157
155

142
142
148
153

210
212
222
231

111
110
112
112

143
147
151
158

1, 252, 439
848, 686
841, 524
948, 326

.70
.70
.70
.70

185,
216,
211,
217,

300
458
599
118

89
91
90
90

68, 017
70, 454
65, 664
59,300 i

19, 438
30, 525
27, 867
32, 316

1935
January
February
March.
April

154
155
156
156

154
159
158
154

222
219
204
197

113
114
113
113

157
148
161
154

1, 017, 060
940, 108
712, 571
891, 340

.70
.70
.70
.70

215,
185,
205,
180,

986
440
094
609

92
93
88
84

89, 858
95, 109
197, 359
155, 163

23, 240
28, 173
27, 062
20, 532

155
156
158
158

151
161
175
171

192
191
187
190

113
112
111
112

153
154
153
158

669,
660,
354,
440,

293
490
548
954

.70
.70
.70
.70

191,
192,
215,
224,

443
924
393
587

86
90
92
93

135, 169
59, 016
68, 791
92, 082

7,757
13, 803
25, 954
21, 041

290, 875
285, 003

1, 337, 635
1, 471, 305

30,989
122, 710

123, 813
94, 805
120, 171
94, 089

158
158
157
157

179
191
215
225

196
195
191
192

113
113
113
113

156
158
156
156

478,
382,
408,
581,

168
780
050
442

.70
.70
.70
.70

206, 745
227, 240
234, 319

92
88
91

56, 764
48, 587
73, 892
43, 018

29, 451
17, 455
19, 646
26, 894

301,
372,
354,
463,

1, 476, 664
1, 686, 223
1, 899, 652
2, 176, 957

335,804
187,361
136,311
195,516

110, 558
87, 568
65, 260
125, 423

156

218

193

114

155

1924
May
June
Julv
..
August

May....
June
Julv
August
September
October
November
December
1926
January
February
March
April

.

__

260,
328,
291,
399,

777
343
378
772

1, 230, 052
1, 447, 570
1, 619, 464
1, 894, 980

292, 158
125, 069
118, 204
113, 647

76, 457
102, 371
78, 366
91,371

604, 041
300, 519
360, 755
468, 794
537, 182
581, 266

114, 212
18, 975

58, 418

356, 163
65, 989
78, 058
849, 308
94, 450 1, 927, 918
798, 544
86, 201

347
044
733
708

60, 678
17, 835

i

May _
June

!
i

1
Compiled by the Oil, Paint, and Drug Reporter from weeky wholesale quotations of 40 crude botanical drugs, 20 essential oils, and 35 drugs and pharmaceutical
chemicals, respectively.
2
The chemical price indexes from Chemical and Metallurgical Engineering include quotations on 25 chemicals and 15 oils and fat? selected on the basis of their
importance as representing both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of total
production plus total imports in the year 1923. The figures are averages of weekly prices. A similar index including 25 of the principal chemicals, oils, and fats used
in the new indexes, with yearly data from 1917 to 1923, and monthly data for 1923 and 1924, may be found in the November, 1924, issue (No. 39), p. 105.
3
Wholesale average monthly price of 66° sulphuric acid at New York from U. S. Department of Labor, Bureau of Labor Statistics.
4
Data compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Potash includes potash imported as chemicals and also the
rnurate and suphate used in fertilizers. " Total fertilizer " exports are made up largely of phosphate rock.
5
Data compiled by the National Fertilizer Association from reports of aciduatorsrepresenting about 80 per cent of the industry; figures in greater detail divided into northern and southern sections are obtainable from the association's reports. Consumption figures have been computed by adding production to stocks at the beginning ol
month and subtracting from this total the stocks at the end of the month, hence indicating disappearance or shipments from plants and not actually fertilizer
used. Details by sections for 1925 appeared in the January, 1926, issue (No. 53), p. 16.
6 Compiled by W. Arthur Shelton from tag sales reports of Commissioners of Agriculture of 9 cotton-growing States (North Carolina, South Carolina, Georgia,
Alabama, Mississippi, Tennessee, Louisiana, Arkansas, and Texas) for the fertilizer seasons since 1919, covering the period December through June, which best indicates the amount of fertilizer used in the cultivation of cotton. Monthly data by seasons from December, 1919, appeared in the September, 1925, issue (No. 49) p. 17.
The monthly averages for each year are based on the seven months' period from December to June, inclusive, to obtain a complete season, even though one month
is in the preceding year.
7 Relative to 12 months' average, July, 1913, to June, 1914.

s Tons of 16 per cent available phosphoric acid, which is equivalent to 320 pounds per ton.


74

Table 50.—FATS, OILS, AND RAW MATERIALS
ANIMAL FATS, GREASES, AND DERIVATIVES
TOTAL ANIMAL FATS

TOTAL GREASES

TOTAL DERIVATIVES

YEAR AND MONTH
Production

Consumption

Stocks

1

Production

Consumption

Production

Stocks

Consumption

Stocks

Thousands of pounds

1919 quarterly average
1920 quarterly average
1921 quarterlv average
1922 quarterly average
1923 quarterly average
1924 quarterly average
1925 quarterly average.

367, 518
410, 676
473, 351
511, 436
611, 277
611,819
495, 961

144,
149,
154,
138,
140,
151,
141,

308
276
017
982
861
955
242

138, 071
183,033
226, 668 ;
175,396 ;
144, 350
161, 019
141, 535

;

67, 374
69, 695
95, 407
53, 711
56, 748
47, 989
41, 794

51, 565
50, 273
45, 150
61, 249
67, 999
64, 735
59, 983

69, 648
86, 384
85, 258
94, 626
102, 238
98, 365
89, 788

i

264,
284,
340,
480,
482,
550,
693,

740
478
325
906
386
745
543

208, 804
204, 039
183, 764
227, 104
245, 689
268, 816
335, 256

183, 695
165, 241
174, 864
156, 808
142,700
127, 371
130, 648

1Q24.

RAW MATERIALS FOR VEGETABLE OILS
ANIMAL GLUES *
PEANUTSMULLED

COPRA

CORN GERMS

|

FLAXSEED

j.

YEAR AND MONTH
Coiiump»
tion

Stocks

i

Consumption

Consumption

Stocks

Stocks
:

Consumption

Stocks

! Production

etopk«
Stocks

I

Thousands of pounds !

35 426
2,980
2 931
2,581
1,250
2,250
4 862

11 148
33, 184 |
2'
001
319 !
392
630 [
1 097

42 153
25, 276
21, 161
34, 674
46, 245
37, 353
40 175

22, 184
10, 665
5, 869
10, 705
6,615
8,224
3, 641

t
1924
Jan. 1 to Mar. 31.
)
Apr. 1 to June 30..
1
July 1 to Sept. 30..
Oct. 1 to Dec. 31 _

1,348
1,799
614
5, 238

245 i
412 1
762 i
1,102

39, 800
32,011
35, 641
41, 960

9,071
6,313
12,113
5, 399

19255
Jan. 1 to Mar. 31.
)
Apr. 1 to June 30..
0
July 1 to Sept. 30_.
Oct. 1 to Dec. 31.

7,424
2,712
2,878
6,433

1,269 i
328
1,135
1,656

37, 947
36, 847
35, 584
50, 323

7,566
13,822
9, 473
12, 832

1919 quarterly average,.
'crage
T
1920 quarterly average..
erage
1921 quarterly average..
^erage
T
1922 quarterly average..
erage
1923 quarterly average..
~erage
1924 quarterly average..
^erage
1925 quarterly average..
g

19263
Jan. 1 to Mar. 31.
)
Apr. 1 to June 30..




.

36, 645
36, 395
30, 830
36, 889
40, 143
53, 209
49, 032

i
\

842
536
448
491
548
890
467

172 934
179, 382
182, 182
170, 371
239, 217
266,615
287 358

29 853
74, 703 j
57. 409
42, 019 i
77, 268
93, 270
111 914

55, 189
48, 873
53, 080
55, 682

435 i
2,296 !
498 i
329 '

268, 091
264, 138
211,392
322, 840

47, 995
46, 250
42, 832
59, 051

470
552
415
431

344, 493
255, 592
219, 006
330, 341

!

23, 660
25, 015
24, 924

52, 442

53, 916
33, 838
14, 875
270. 449

28, 701
24, 451
20, 178
26, 365

48, 888
51, 696
53,211
55, 974

112,410
63, 182
79, 361
192, 704

25, 403
23, 837
20, 603

53, 944
51, 849
48, 926

75

Table 51.—VEGETABLE AND FISH OILS
TOTAL CRUDE
VEGETABLE OILS
YEAR AND MONTH

Production

Consumption

TOTAL REFINED
VEGETABLE OILS

Con- i
sump- Stocks
tiou

Production

Stocks

COTTONSEED OILCRUDE

Production

PEANUT OILCRUDE AND VIRGIN

i

Consumption

Stocks

Production

Consumption

Stocks

Thousands of pounds
1919
1920
1921
1922
1923
1924
1925

quarterly average
quarterly average.
quarterly average
quarterly average. _ _.
quarterly average
quarterly average
quarterly average

1933
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31
1934
Jan. 1 to Mar. 31__
Apr. 1 to June 30
July 1 to Sept. 30.
Oct. 1 to Dec. 31

748
776
318
658
647
950
727

635, 803
511, 121
504, 034
459, 447
519, 273
576, 568
681, 077

506, 533
378, 498
332, 003
324, 227
308, 159
276, 696
343, 732

466, 795
344, 575
354, 760
266, 122
264, 017
333, 351
406, 449

357, 407 I 2S3, 591
263, 612
352, 768
283, 729
263, 529
240, 124
223, 992
230, 824
197, 604
248, 979
194, 496
348, 756
241, 777

357, 501
285, 347
317, 757
232, 600
242, 750
288, 196
376, 522

329, 038
283, 350
323, 940
221, 954
234, 098
291, 462
367, 250

111, 271
94, 597
88, 668
57, 301
61, 798
70, 772
71, 733

21, 902
3,271
9,683
5,599
1,563
1,658
3,963

53, 088
21, 267
10, 639
7,086
2,207
2,096
2,567

24, 038
33, 354
13, 453
3,594
1,900
2,112
1,310

562,311
354, 105
335, 091
771, 081

654, 620
425, 185
339, 575
657,712

279,
292,
292,
367,

963
747
291
634

331, 733
176, 923
126, 847
420, 564

250, 668
180, 363
229, 181
263, 085

282, 109
241, 914
81, 118
185, 273

306, 389
70,711
93, 181
500, 720

358, 307
131, 981
69, 455
376, 648

60, 137
11, 733
34, 457
140, 863

1,700
1,998
1,147
1,406

2,354
2,138
2,545
1,791

979
2,205
3,121
1,296

566,
350,
344,
958,

638
344
221
596

603, 908
459, 210
391, 898
851, 256

314,
232,
217,
342,

984
090
062
649

353,
227,
164,
587,

218, 989
213, 004
242, 193
321, 729

251, 622
198, 849
72, 298
255, 214

289, 928
95, 540
116,817
| 650, 497

307, 742
185, 149
104, 709
568, 248

110, 115
23, 338
44, 116
105, 520

1,122
1,328
438
3, 744

1,718
2,377
1,628
2,660

1,093
5,564
373
1, 418

802 192
402, 373
417, 715
.1, 020, 627

813, 083
531, 093
460, 574
919, 558

377,
292,
275,
429,

415
822
656
034

521, 918
263, 632
216, 102
624, 145

316,
297,
354,
426,

401, 039
295, 618
82, 187
188, 263

495, 447
222, 938
153, 169
597, 446

89, 168
22, 669
55, 972
119, 124

5,265
4,091
1, 974
4,522

3, 457
2,168
1, 545
3,096

1,531
1,319
845
1, 545

..

,._

1925
Jan 1 to Mar 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

578,
474,
504,
434,
505,
554,
660,

633
041
771
960

1936
Jan 1 to Mar 31
Aur 1 to June 30

466
331
963
262

484,
144,
187,
690,

063
568
023
433

i
||

COCONUT OR COPRA
OIL— CRUDE

YEAR AND MONTH

Production

Consumption

1

Production

Stocks

LINSEED OIL

CORN OIL-CRUDE

Consumption

TOTAL FISH OIL

)

Consumption

Stocks

Production

Consumption

Stocks

113, 232
121, 318
120, 703
114,361
163, 391
176, 397
189, 962

Stocks

47, 286
53, 551
59, 706
85, 754
95, 169
96, 127
102, 935

65, 425
78, 457
99,611
100, 718
85, 549
81, 482
130, 026

8,230
16, 507
12, 490
19, 008
2
21, 326
17, 271
22, 076

9, 791
12, 046
19, 559
29, 446
29, 675
29, 067
38. 602

44, 609
45, 225
52, 873
46, 684
43, 228
46, 105
56, 226

Production

Thousands of pounds
t

1919
1920
1921
1922
1923
1924
1925

quarterly average _ _
quarterly average
quarterly average
quarterly average
quarterly average
quarterly average _.
quarterly average... _

53, 886
32, 805
28, 247
46, 381
58, 980
48, 044
51, 901

105, 564
73, 525
60, 274
75, 721
90, 377
99, 954
96, 840

155, 220
93, 277
73, 143
111,401
72, 689
48, 919
48, 379

24, 350
24, 655
21, 870
26, 623
27, 836
29, 266
26, 038

22, 408
22, 692
17, 987
25, 369
25, 753
28, 583
25, 546

8,027
6,589
7,093
7, 236
6, 957
6, 772
6,286
i

1933
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

58, 750
61, 523
50, 131
65, 514

93, 368
82, 174
80, 566
105, 401

85, 996
88, 823
66, 083
49, 401

28, 222
28, 768
26, 630
27, 724

25, 803
24, 470
26, 527
26, 211

5,672
9,185
5,874
7,076

155, 148
178, 267
154, 588
165, 560

97, 069
105, 613
90, 334
87, 061

71, 629
81, 453
91, 650
97, 465

2 4, 694
2 11,596
2 46, 402
2
19, 267

30, 548
25, 178
28, 374
34,600

33, 473
39, 214
54, 702
45, 521

1934
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct 1 to Dec. 31_.

52, 684
38, 566
46, 971
53, 954

105, 719
86, 670
106, 119
101, 307

51, 265
52, 948
39, 900
51, 566

32, 986
26, 663
29, 835
27, 580

31,704
26, 322
30, 395
25, 912

7,535
6,450
5,169
7, 935

177, 583
176, 187
139, 862
211,954

97, 846
100, 325
90, 521
92, 814

87, 764
74, 372
56, 773
107, 019

5,444
8,071
31, 797
23, 772

24, 642
27, 522
31, 467
32, 635

43, 748
44, 400
48, 720
47, 550

1935
Jan. 1 to Mar. 31_ _
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

49,531
47, 521
46, 135
64, 418

95, 375
82, 210
101, 161
107, 614

61, 139
49, 701
36, 338
46, 339

25, 939
23, 326
24, 452
30,436

30, 512
19, 413
24, 960
27r 297

4,392
6,560
6, 239
7,951

225,
169,
146,
217,

109, 898
109, 271
98, 448
94, 122

151,136
126, 888
86, 437
155, 642

16, 562
8,673
44, 229
18, 839

41, 898
35, 553
34, 756
42, 200

37, 874
55, 086
73, 574
58, 368

568
980
306
992

1936
Jan. 1 to Mar. 31
Apr. 1 to June 30
1
Data reported quarterly by the U. S. Department of Commerce, Bureau of the Census. The data cover factory production, factory consump tion, and factory and warehouse stocks, and present practically complete reports for these products. The stock figures refer to the amount on hand at the end of each quarter. Quarterly data from
1920 2appeared in August, 1923, issue (No. 36), pp. 115 and 119. Further details by classes of oils are given on press releases.
Yearly figure on fish-oil production obtained from the annual data of the U. S. Department of Commerce, Bureau of Fisheries, which does not agree with the sum of
the quarterly figures collected by the Bureau of the Census.




76

Table 52.—VEGETABLE OILS
TOTAL VEGETABLE OILS

COTTONSEED

OLEOMARGARINE 2

Stocks,
end of
mo.'

ConProduc- sumption
tion

Short
tons

COTTONSEED OIL

Thousands
of pounds

Minneapolis and
Duluth e

Price,

YEAR AND MONTH

Exports i

umIm- Produc- Stocks, mer
4
tion * end of yellow
ports 3
mo.
psime,

Dollars
per Ib.

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

29, 042
17, 758
31, 641
16, 977
11, 788
10, 437
17, 599

21, 387
26, 441
20, 636
10
30, 133
10
36, 850
10
65, 295
10
67, 495

117, 305
109, 372
110, 445

1920 monthly a v
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

16,863 10 71, 390
21, 964 10 28, 499
6, 978 53, 298
4,744
52, 295
4,117 67, 641
55, 368
5, 729

661, 192
489, 442
512, 448

11,861
11,798
11,787
12, 404
19, 044
26,877
29, 081

1,979
1,104
999
1, 337
843
870
757

1,255
585
460
710
475
421
280

2,984
2,288
1,038
1,490
1,040
260
179

3,336
2,761
3,219
2,099
464
1,284
2,087

728
1, 415
2,374
515
11 1, 520
2,617

. 15
.08
.10
.11
.11
.11

296, 219
299, 101
201, 979
334, 556
356, 043
488, 488

29, 957
17, 840
15, 396
18, 965
19, 294
19, 734

30, 014
17,518
14, 969
18, 872
19, 156
19, 025

964
831
729
1,468
2,294
1,944

329
568
388
561
1,522
997

984
2,087
299
568
799
1,365

3,446
4,463
3,038
3,779
4,830

82, 238
105, 437
96, 213

100, 955
109, 099
78, 290
83, 577
81, 002
117,108

105, 656
102, 898
56, 438
59, 594
79, 461
68, 986

10

Shipments
from Minneapolis '

Thousands of
pounds

Thousands of bushels

1° 12, 102
10 12, 002
1° 12, 151
1° 12, 709
23, 937
29, 217
30, 733

$0.07
.07
.07
.11
. 15
.20
.?A

10

LINSEED.
OIL
CAKE

Argentina

ExRe- Shipceipts ments Stocks ports ? Stocks §

N. Y.B !
|

Thousands of pounds

LINSEED
OIL

FLAXSEED

15, 210
11, 868
9,862
10, 662
11, 158
9,271
10, 020

30, 166
20, 684
17, 188
18, 706
18, 428
15, 998
18, 473

1,457
2,867
1,768
2,168
3, 433

7,856
8,157
8, 156
10, 763
10, 958
13, 537

12, 069
15, 068
10, 790
17, 062
17,370
24, 283

1924
May
June
July
August

2,919
1,941
2,365
2,085

75,806
58, 317
34, 856
47, 838

30, 848
18, 592
7,158
17, 583

52, 130
23,751
4,053
8,258

,10
.10
.12
.14

66, 182
29, 053
21, 711
93, 822

17, 732
15, 321
15, 519
15, 900

17, 493
14, Oil
15, 095
15, 857

504
389
386
297

258
209
166
146

258
131
93
72

4, 658
4, 060
3, 810
3,098

2,600
2,400
3, 000
3,000

6,213
6,486
6, 286
4,188

6,978
10, 241
10, 406
9,388

September
October
November
December...

1,156
2,669
9,770
9,853

46, 118
40, 924
55, 582
53, 486

92, 379
213, 659
224, 996
213, 868

44, 222
83, 497
106, 426
105, 992

.11
.11
.11
.11

390, 049
873, 368
1, 190, 920
1, 231, 008

19 260
20, 054
17,062
20, 135

20, 202
19, 217
17, 115
19, 997

3,664
10, 242
8,474
2,018

1,747
6,097
6,792
1, 565

1,063
2,455
2,096
1,545

2,306
4,434
3,306
2,382

3,000
2,200
1,800
2,200

8,883
18, 564
17, 947
16, 825

15, 955
29, 281
29, 572
31, 274

9,454
4,880
5,392
2,702

59, 445
52, 617
79, 213
58, 556

210, 409
157, 905
116,384
76, 574

120, 997
126, 745
89, 168
70, 504

.11
.11
.11
.11

898, 671
599, 626
324, 782
144, 271

19, 177
17, 288
19, 729
18, 941

19, 109
15, 846
20, 125
17, 090

1,481
859
780
489

497
425
391
253

1,322
1,036
767
635

2,519
2,520
1,947
2,561

2,800
3,000
3, 200
4,400

14, 720
14, 468
14, 810
14, 043

31, 226
29, 847
20, 933
15, 680

May
June
July
August

3,269
5, 657'
2,525
3,486

49,629
58, 950
44, 941
47,316

50, 232
18, 493
12, 815
33, 846

44, 247
22, 669
5,103
18, 041

.11
.11
.11
.11

53, 259
28, 502
33, 577
18, 954

17, 599
15,312
15, 809
17, 191

18, 542
14, 623
10, 704
17,068

725
819
758
1,412

333
200
364
602

502
617
581
291

4,034
3,637
3,781
4,268

4,600
5,000
5,200
4,400

13, 331 12, 332
12, 681 15, 637
9,380 14, 624
10, 881 24, 490

September
October
November
December _

3,923
8,183
9,635
9,640

32, 057
52, 179
59, 534
69, 975

142, 939
232, 566
233, 637
224, 230

55, 972
91,976
111,333
119, 124

.11
.10
.10

776, 017
], 270, 770
1, 364, 147
1, 417, 188

19, 328
25, 947
26, 275
24, 217

20, 057
25, 612
24, 974
24, 553

5,593
5,515
3, 522
1,378

1,965
2,593
3,554
781

2,453
3,302
2,488
2, 391

3,576

513

320

2,028

1925
January.. _
February _ _
March
April

_

1936
January
February _ _
March
April
May
June
1
2

. 11

i

;;;;;::

1

"" 1

13, 840
17, 769
14, 676
11, 848

24, 916
33, 958
35, 190
32, 563

||

Exports include cottonseed, corn, and linseed oils, as compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
Data on oleomargarine from U. S. Treasury Department, Bureau of Internal Revenue. Production data represent actual output while consumption figures represent
tax-paid withdrawals of both colored and uncolored oleomargarine, consisting of all withdrawals for domestic use except for the Government.
3 Imports of vegetable oils, from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include the following oils: Chinese nut, cocoa butter, coconut,
cottonseed, olive (inedible), olive (edible), palm, palm kernel, peanut, rapeseed, soya bean, and linseed. The figures for Chinese nut, inedible olive, and rapeseed oils,
which are reported in gallons, have been converted into pounds, allowing 7% pounds per gallon.
4
Production and stocks of cottonseed oil and stocks of cottonseed at oil mills compiled by U. S. Department of Commerce, Bureau of the Census Annual figures for
these items are monthly averages for cotton crop years ending July 31 of the year, indicated. Monthly data from. 1920 appeared in May, 1922, issue (No. 9) page 87 for
cottonseed oil and in August, 1922, issue (No. 12), page 94, for cottonseed stocks.
6
Cottonseed-oil prices are averages of weekly quotations compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data from 1920 appeared in
May, 1922, issue (No. 9) page 91.
6
Data on flaxseed at Minneapolis and Dulutla from Northwestern Miller. Receipts and shipments are totals of weekly figures with first and last weeks of each month
prorated. Stocks are taken at the end of the week nearest the end of the month. Monthly data for 1920 appeared in August, 1922, issue (No. 12), page 94, the data for each
city 7being given separately through the February, 1925, issue (No- 42), page 89.
Data on Argentine exports from Boletin Mensual de Estadistica Agricola; current data from the Estadistica Agro-Pecuria, publications directed by the Argentine Minister6 of Agriculture. Figures are converted from original data in metric tons. Monthly data from 1920 appeared in October, 1923, issue (No. 26), p. 50.
Shipments of linseed oil and cake and meal from Minneapolis furnished by Minneapolis Chamber of Commerce.
8
Stocks of flaxseed in Argentine taken as of the end of the week nearest to end of month reported by the Oil, Paint and Drug Reporter.
10
Average for fiscal year beginning July 1 of year stated.
u Ten-month average.




77

Table 53.—CROP PRODUCTION 1
[Base year in bold-faced type]
WHEAT
CORN

YEAR AND MONTH
Winter

Spring

BAR™
LEY

OATS

Total

-n -VBTI

R1E

TOTAL
BREAD
GRAINS

RICE

TOTAL
VALUE
OF
CROPS 2

POTA- APPLES HAY,
TOES
(total) TAME

A.— RELATIVE NUMBERS
Relative to 5-year average, 1909-1913
1909-1913 average
1914 final estimate
1915 final estimate
1916 final estimate
1917 final estimate
1918 final estimate
1919 final estimate

100
155
153
109
94
128
172

100
84
144
64
91
145
85

1OO
119
149
93
93
134
141

100
99
111
95
113
92
104

100
101
137
111
141
136
105

100
107
126
100
116
141
81

1OO
123
155
140
180
261
216

100
104
123
99
117
112
110

100
99
121
171
145
161
175

100
115
101
80
124
115
91

100
143
130
110
94
96
81

100
106
130
138
126
116
131

100
107
121
169
236
251
270

1920 final estimate
1921 final estimate
1922 fin al estimate
1923 final estimate
1924 final estimate
1925 final estimate

138
136
133
130
134
90

91
88
115
92
111
99

121
119
126
116
126
97-

118
113
107
113
85
107

132
95
107
115
135
137

104
85
100
109
98
120

173
177
296
181
184
139

122
109
111
114
104
108

218
157
173
141
135
142

113
101
127
117
119
91

127
66
115
115
97
93

133
125
145
135
148
131

191
99
137
153
166

B.— NUMERICAL DATA
Thous.
of tons

Thousands of bushels

Millions
of dollars
1

1909-1913 average
1914 final estimate
1915 final estimate
1916 final estimate
1917 final estimate
1918 final estimate
1919 final estimate

441, 602
684, 990
673, 947
480, 553
412, 901
565, 099
760, 677

245, 059
686, 697
206, 027 891, 017
351,854 1, 025, 801
155, 765 636, 318
223, 754 636, 655
350, 339 921, 438
207, 602 968, 279

2, 708, 334
2, 672, 804
2, 994, 763
2, 566, 927
3, 065, 233
2, 502, 665
2, 816, 318

1, 131, 175
1, 141, 060
1, 549, 030
1, 251, 837
1, 592, 740
1, 538, 124
1, 184, 030

181, 886
194, 953
228, 851
182, 309
211, 759
256, 225
147, 608

34, 918
42, 779
54, 050
48, 862
62, 933
91, 041
75, 542

4, 743, 008
4, 942, 613
5, 852, 525
4, 686, 253
5, 569, 320
5, 309, 493
5, 191, 777

23, 926
23, 649
28, 947
40, 861
34, 739
38, 606
41, 985

356, 627
409, 921
359, 721
286, 953
442, 108
411, 860
322, 867

176, 482
252, 200
230, Oil
193, 905
166, 749
169, 625
142, 086

65, 987
70, 071
85, 920
91, 192
83,308
76, 660
86,359

$5, 702
6,112
6,907
9, 054
13, 479
14, 331
15, 423

1920
1921
1922
1923
1924
1925

610, 597
600, 316
586, 878
571, 959
589, 632
398, 486

222, 430
214, 589
280, 720
225, 422
272, 995
270, 879

833, 027
814, 905
867, 598
797, 381
862, 627
669, 365

3, 208, 584
3, 068, 569
2, 906, 020
3, 053, 557
2, 312, 745
2, 900, 581

1, 496, 281
1, 078, 341
1, 215, 803
1, 305, 883
1, 522, 665
1, 501, 909

189, 332
154, 946
182, 068
197, 691
178, 322
218, 002

60, 490
61,675
103, 362
63, 077
64, 038
48, 696

5, 787, 714
5, 178, 436
5, 274, 851
5,417,589
4, 940, 397
5, 338, 553

52, 066
37, 612
41, 405
33, 717
32, 249
33, 959

403, 296
361, 659
453, 396
416, 105
425, 283
323, 243

223, 677
99,002
202, 702
202, 842
171, 250
164, 616

87, 855
82, 379
95, 882
89, 250
97, 771
86,474

10, 909
5,630
7,816
8,727
9,183
8,612

. 509, 319
_ 542, 551
589, 000
589, 000
589, 000
589, 000

183, 831
197, 461
224, 767
247, 404
266, 456
266, 456

693, 150
740, 012
813, 767
836, 404
855, 456
855, 806

2, 515, 385
2, 576, 440
2,512,888
2, 458, 809
2, 477, 538

1, 231, 728
1, 356, 338
1, 439, 041
1, 486, 412
1, 509, 409
1, 509, 409

160, 070
170,011
184, 170
194, 445
200, 958
200, 958

62, 461
64,800
65, 800
65, 800
65, 800
65, 805

4, 662, 794
4, 846, 546
5, 078, 800
5, 095, 949
5, 090, 432
5, 109, 516

35,800
33, 256
32, 377
32, 292
32, 292

373, 000
398, 821
412, 761
423, 508
454, 119

196,000
196, 770
178, 640
174, 870
177, 238

90,100
89, 098
88,500
95, 100
95,100

253, 729
275, 739
262, 749
283,872
281, 575
281, 575

660, 855
679, 590
678, 446
699, 569
697, 272
697, 272

3, 095, 176
2, 950, 340
2, 885, 108
2, 917, 836
3, 013, 390

1, 295, 456
1, 292, 101
1, 387, 349
1, 461, 945
1, 470, 384
1, 470, 384

204, 687
208, 475
213, 596
221,713
226, 786
226, 786

53,317
54, 104
51,768
51, 768
51, 768
51, 968

5, 309, 521
5, 329, 446
5, 281, 699
5, 320, 103
5, 364, 046
4, 762, 528

38, 100
36, 200
35, 284
35, 810
35, 810

349, 566
353, 266
344, 391
344, 227
346, 503

156, 942
161, 148
162, 198
164, 042
171, 264

82,500
78,400
77, 700
81,200
85,700
85,700

final
final
final
final
final
final

estimate
estimate
estimate
estimate
estimate
estimate

1934
June estimate. _
July estimate
August estimate.
September estimate
O ctober estimate
November estimate

1925
June estimate _
July estimate
August estimate
September estimate —
October estimate
November estimate
1936
June estimate
July estimate..
August estimate

407, 156
403, 851
415, 697
415, 697
415, 697
415, 697

3

_

1 Yearly figures represent the latest revised estimates of total production for the year as reported by the U. S. Department of Agriculture, Bureau of Agricultural
Economics. Monthly figures are estimates of the current year's crop as made during the first week of that month. The estimates made in December of each year are subject,
to revision in the final estimate made in December of the following year.
2
Estimated total value of all crops based on prices at the farm on Dec. 1.
3 June figures for total bread grains include corn as estimated on July 1.




78

Table 54.—WHEAT FLOUR
RUSSELL'S COMMERCIAL NEWS i

BUREAU OF THE CENSUS a
Production

ConStocks,
sump- end of
month
tion

Production

YEAR AND MONTH

Thousands of barrels

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

average
average
average
average
average
average
average

9,703
9,338
9,919
9,815
9,317
11, 091

1920 monthly average
1921 monthly average
1922 monthly averagee
1923 monthly averag
1924 monthly average
1925 monthly average

8,156

8,237

7,701

9,719

7,344

9,506

7, 046

1924
January
February
March
April...

11,000
10,286
10, 578
9, 521

9,299

7, 150

8,711
9, 572

May ....
June
July
August

9,765
9, 332
10, 395
11, 812

9,089
7,759
8,717
10, 598

September
October
November
December _

13, 798
13,404
11, 665
11,007

*at
Si

Thous.
of Ibs.

Produc-

tion

Canada s

Standard
Winter
patstraights,
ents
Kansas
MinneCity
apolis
Dollars per barrel

$4.58
5.10
6.66
7.26
11.39
8
()
12.00

$3.85
4.13
5.61
6.09
10. 55
10.30
10.70

i

2,204

7 762, 180
734, 824
666, 255

756 \
54
52

1, 654
1,400
1,252
1, 359
1,333
927

394
606
790
928
956
860

12.68
8.34
7.30
6.38
7.18
8.83

11.58
7.05
6.14
5.36
5.98
7.67

746, 040
705, 402
698, 911
643, 588

52
53
49
45

8,256
8,064

1,850
1,811
1,719
1,449

1,716
1, 539
1,426
1,038

1,052
1,092
1,398
890

6.20
6.31
6.30
6.35

5.25
5.35
5.33
5.29

660, 271
651, 532
696, 582
799, 698

47
48
50
58

8, 361

1,881
1,413
1,354
1,426

977
1,174
789
949

1,057
903
613
626

6.64
6.86
7.49
7.54

5.47
5.58 |
5.83
6.23

823, 390
977, 381
719, 164
695, 925

64
65
59
53

1,737
2,143
1,708
1,440

1,463
1, 852
1,616
1, 452

967
1,145
905
828

7.44
8.01
8.16
8.90

6.07
6.67
6.87
7.79

762, 489
648, 197
576, 955
536, 263

58
53
43
40

7,692
7,037

1,698
1,557
1,668
1,244

988
939
1,387
955

875
834
1, 385
710

9.69
9.85
9.04
8.25

8.81
8.67
7.97
7.04

4,562
5,960
4,663

1,015
1,239
1,340
1,029

690
820
775
874

482
596
815
685

8.87
8.53
8.65
8.83

7.22
7.51
6.95
7.57

7,143
10, 181

1,601

2,308

800
1,012
872
1,009

1,022
1,210
1,042

8.31
8.26
8.54
9. 18

7.43
7.41
7.61
7.89

1,023
1,064
1,305
1,198
1,161
1,809

i

1

7,228

• 9, 288
8,943

41, 834
39, 180
88, 809
35, 680

8,970

7,200
6,800
6,700
6,400
6,800
7,400
7,500

36, 688
36, 293
39, 272
45, 434

7, 896

11, 160
11, 107
11, 468
10, 555

8, 675
9,100

7,700
6,700

47, 857
51, 863
41, 982
40, 428

11, 705
10, 189
9,307
8,183

10, 017

7,400
6,850
6,400
6,200

45, 010
37, 720
33, 548
31, 066

9,853
8,248

8,151
8,917
10, 377
11,049

_

WHOLESALE
PRICES *

408
389
464
660
731
839
839

7 42, 872
41, 277
39, 801

7,969
7,877

7, 400

31, 874
35, 526
40, 651
42, 817

6,942
7,745
8,840
9,292

553, 750
621, 141

7, 801
10, 676

5,700
5,900
7,700

754, 446

43
46
52
56

12, 501
13, 165
10, 869
10, 783

10, 701
12, 655
10, 101
10, 676

8,400
7,900
7,800
6,900

45, 952
49, 799
42, 416
41, 232

9,938
10, 728
9,128

833, 270
907, 390
769, 375
347, 425

62
61
56
53

8,588

United
States *

Thousands of barrels

7,148

9,223

Thous.
of bbls.

Wh

EXPORTS

•

I

Per
cent Wheat
of
total ground
capacity
operThous.
ated
of bus.

8,943

8, 569
9,291

Wheat
*>«

Thous.
of bus.

9,433

9,146
10, 102
10, 466
10, 480
11,047
10, 433

Wheat
ground

CANADA 3

8, 642

8, 433
8, 355

7,682
7,797
8, 465

9,842
10, 459

11,371
9, 1ST
8, 855

6, 386
6,886
7, 418

7, 645

6,464
6,333
6,061

6,409
7, 745

9,558
7,644
6,473

1,422
1,559
1,661

1935
January
February
March
April ..

May
June
July
August

_- .

September
October
November

__

._

9,800
8,370
7, 429

7, 347
6,781

8,864

708,349

7, 552
5, 585

5,611

.1

1936

j
!

ay
i

i Reported by U S Grain Corporation prior to July, 1920, covering practically the entire industry; beginning with July, 1920, from Russell's Commercial News, the
Droduction and stock figures being prorated to 100 per cent from representative current data bearing a known relation to the total figures. Stocks represent flour in all
positions. Consumption is calculated from production, stocks, exports, and imports. Monthly production figures from January, 1914, are given in the October, 1922,
1SSU
2 Compiled1?!6*/.'^. Department of Commerce, Bureau of the Census, from reports of over 1,000 mills each month, which produced about 84 per cent of the flour manufactured in 1921, according to the Census of Manufactures.
3 Compiled by the Dominion Bureau of Statistics, Internal Trade Branch, covering merchant mills having a capacity of about 120,000 barrels per month, and also custom
mills. The detailed reports of Canadian milling statistics also contain data on other grains as well as a division into eastern and western territory. Monthly data through

* WhofSile^riceTfrom' C/fs. Department of Labor, Bureau of Labor Statistics, represent averages of weekly quotations. Monthly figures from 1920 appeared in May,
" * Exports of flour from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
8 Exports of flour from Canada from Department of Trade and Commerce, Dominion Bureau of Statistics.
? Average for last six months of year.
8
No quotations.




79

Table 55.—WHEAT AND CORN
CORN

WHEAT

Ship- United States 3
Receipts 2 ments 2
United Canada
\ IncludStates
Wheat ing
only wheat
flour

YEAR AND MONTH

Ex- Wholesale
ports 3 prices 5

Wholesale
prices «

Exports

Visible supply i

Canada *

Visible Re- 2 Ship- 2 Grind- Corn, Cash,
No. 1,
6
connorth- No. 3, supply i ceipts ments ings
inred
tract,
ern winter,
clud- grades
spring, Chiing
Wheat Chicorn No. 2,
only cago cago
Chimeal cago
Dols. per bu.

Thousands of bushels

14, 198
16, 335
19, 919

8,292
14, 432
17, 161
12, 838
8,850
9,265
12, 341

12, 897
19, 277
23, 034
18, 230
14, 072
17, 405
22, 259

8, 378
10, 540
5, 993
13, 145
15, 804
12,533
3,484

$0. 91
1.04
1.34
1.24
2.32
2.42
2.56

$0.99
1.01
1.31
1.35
2.28
2.21
2.34

11,117
11,486
16, 210
12, 736
6,122
10, 266
4,101

21, 158
17, 447
24, 774
14, 995

27, 038
36, 369
35, 009
32, 363
40, 878
27, 993

23, 252
24, 318
23, 107
18, 038
29, 891
21, 182

18, 191
23, 338
13, 724
8,211
13,859
7,700

25, 636
29, 639
19, 359
14, 327
19, 8*31
11, 306

6,498
10, 776
11, 374
17, 923
21, 406
18, 529

2.60
1.47
1.28
1. 16
1.31
1.67

2.52
1.44
1.24
1.17
1.28
1.77

6,254
20, 686
25, 137
11,660
12, 870
16. 981

122, 902
126, 495
121, 648
93, 380

15, 875
19, 803
17, 997
10, 123

11,200
10, 616
12, 020
12, 017

4, 421
3,095
2,958
3, 747

12, 143
10, 018
9,375
8,418

12, 322
11, 770
13, 446
6, 085

1.13
1.17
1.17
1.13

1.11
1.13
1.09
1.04

45, 258
36, 496
43, 779
76, 537

62, 299
44, 932
31, 306
19, 789

15, 368
16, 410
35, 074
92, 987

16, 646
13, 714
16, 302
52, 826

2,811
4,975
4,049
16, 835

7,206
10, 258
7,600
21, 106

41, 228
24, 075
16, 135
8, 184

1.18
1.12
1.40
1.36

88, 291
96, 528
105, 533
96, 114

13, 501
52, 099
76, 740
79, 221

82, 075
88, 022
60, 503
36, 293

58, 482
72, 066
50, 151
32, 651

32, 662
45, 128
27, 831
17, 791

39, 244
53, 536
35, 103
24, 325

10, 268
14, 288
26, 982
29, 847

81, 796
74, 167
63, 327
47, 864

79, 341
76, 187
75, 048
58, 212

24, 734
19, 923
17, 260
10, 422

19, 864
16, 168
18, 367
14, 226

o,484
7, 387
9,961
8, 304

12, 930
11,613
16, 203
12, 722

36, 911
30, 420
33, 248
38, 167

48, 744
40, 087
22, 513
7, 586

17, 659
21, 866
41, 783
43, 342

21, 067
17, 719
22, 693
27, 652

9,870
7,070
9,288
9, 901

54, 543
49, 651
49, 774
55, 024

58, 306
76, 239
103, 584
119, 077

57, 862
36,045
34, 127
34, 897

28, 151
24, 508
22, 324
22, 448

9,391
4,354
4,696
3,695

21, 640

12, 358

50, 802
57, 379
38, 155
65, 974
30, 393
51, 051
78, 231

32, 665
32, 604
32, 173
61, 055
47, 831
25, 871
32, 750

18, 861
21,619
32, 517
31, 493

41, 987
36, 795
37, 131
57, 601
71, 724
51, 241

24, 583
36, 516
56, 510
63, 693
70, 359
63, 749

January
February
March
April

75,111
72, 914
66, 739
57, 383

May
June
July..
August

1913
1914
1915
1916
1917
1918
1919

monthly av
monthly a v
monthly av
monthly av
monthly av
monthly av
monthlv av

1920
1921
1922
1923
1924
1925

monthly av
monthly av
inonthlv av
monthly av
monthly av
monthly av

__

__

Dols.
per bu.

Thousands of bushels

10, 233
13, 525
8,845

4,195
3,817
4, 664
5,276
4,952
6,142
5, 411

3, 910
1,418
4, 185
4,603
4,751
3,922
1,334

$0.63
.70
.73
.83
1.64
1.61
1.60

17, 985
28, 409
32, 814
22, 642
23, 179
18,. 887

9, 653
18, 949
21, 552
14, 211
14, 033
11,261

5,055
4,875
5,566
5,513
6,279
5, 855

1,769
11,015
13, 844
3,724
1,681
1,122

1.41
.58
.62
.82
.97
1.04

10, 492
20, 517
27, 284
19, 735

30, 600
43, 442
30, 345
17, 535

19, 648
21, 213
17, 361
15, 912

6, 758
7,152
7,835
6,437

3,016
3,542
4,028
2,150

.76
.80
.80
.79

1.07
1.12
1.25
1.32

13, 480
9,184
5,475
5,612

16, 131
17, 415
18, 225
19, 340

17, 546
14, 505
11, 205
10, 749

5,027
5,621
5,835
6, 433

1, 853
1,017
654
782

.78
.84
1.06
1.17

1.35
1.49
1.53
1.69

1.34
1.53
1.57
1.77

6,400
8,497
8,072
19, 693

21,428
19, 511
15, 223
28, 953

11,937
11, 826
7,126
9,365

6,368
6,926
5,433
5, 520

802
729
932
571

1.16
1.11
1.13
1.23

6,103
4,146
4,423
4,953

1.91
1.84
1.69
1. 55

2.01
1.98
1.77
1.70

28, 812
34, 199
36, 526
25, 253

37, 038
21, 274
24, 916
10, 224

14, 290
12, 270
13, 692
14, 243

6, 751
6, 198
5, 672
5, 240

896
704
89
1,109

1.27
1.24
1.17
1.08

12, 975
10, 760
8,777
11, 832

14, 883
9,784
13, 097
15, 336

1.68
1.62
1.59
1.64

1.89
1.82
1.59
1.68

18, 676
16, 040
6,832
7,135

11,566
17, 860
9,891
17, 774

10, 058
13, 676
10, 697
9,373

4,983
5,498
4,430
5, 567

843
964
844
849

1.14
1.10
1.07
1.05

12, 092
8,910
8,621
8,235

15, 876
41, 896
34, 840
57, 008

1.56
1.55
1.61
1.77

1.67
1.64
1.71
1.80

5,912
2,209
3,077
19, 095

12, 583
12, 881
18, 456
32, 180

8,318
8,693
7,692
12, 131

5,902
7,037
6,497
6,489

1,240
1,292
1,210
3,428

.92
.83
.84
.80

30, 851

10, 268

7,191

1924

September _ _
October. __
November
December. .

_ _

1925
January
February
March
i April.

_.
_

May
June
July
August

. _

September
October
November __
December

1926
January
February
March
April ..

May
June .
i

1

1 Data from Bradstreet's representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc.
J>
2
At principal primary markets, as compiled by the Chicago Board of Trade and reported by the Price Current Grain Reporter.
3
Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly figures from 1920 appeared in May, 1922, issue (No. 9), p. 88. Wheat
flour has been converted to wheat equivalent at 41^ bushels to the barrel, while corn meal has been converted at 4 bushels to the barrel.
4
Exports from Canada from Canadian Department of Trade and Commerce, Dominion Bureau of Statistics.
5
From U. S. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91.
d
Grindings of corn by the wet process in the manufacture of cornstarch, glucose, etc., compiled by the Associated Corn Products Manufacturers from reports of 11 firms,
comprising the practically entire industry. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.




80

Table 56.—OTHER GRAINS AND HAY
BARLEY

YEAR AND
MONTH

RYE

TOTAL
GRAINS

OATS

HAY

WholeCanada '
ExResale
ReExports,3
Exports, prices, ceipts j Exports, Whole- Receipts
ports, Wholeceipts
sale
includat
iiiclud- prices,
at
includ- sale
at
includ- by saming
Producing
prining ple, fair prinprices,
prin- Visible
Visible
ing
No. 2
tion,
Receipts »
cipal
flour
suppiy 2 oatcash, Grind- oatmeal! flour
cipal
cipal supply 2 flour to good,
cash, interior
and
as
Chi- 4
interior
as
malt- interiorj
meal
Chi-4 markets1
ings
and
meal as
margrain
grain 3 ing*
as
cago
marcago
rolled
grains
ketsi
grain 3
Chikets*
oats
cago 4

Thousands of bushels

Per
bushel

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

9,058
7,435
8,385
9,438
6,907
6,118
7, 746

5,021
5,24]
4,071
5, 040
4,818
4,483
8,708

1,461
554
2,211
1, 874
1,488
1,897
3,369

$0. 63
.62
.70
.87
1.32
1.31
1.22

1920
1921
1922
1923
1924
1925

3,815
3,321
3,367
3,904
5,207
5,517

3,438
2,913
2,002
2,352
2,498
3,974

1,489
2,153
1, 536
984
1,477
2,381

1934
January
February
March
April

2,916
3,381
2,993
2,804

2, 495
1,764
1,593
849

May..
June
July
August. .

2,204
3,972
1,498
3,791

September
October
November
December

Thousands of
bushels

Per
bushel

Per
bushel

Thousands of bushels

Thous.
of bus.

Thous.
Thous.
of Ibs. ! of bus.

Tons

3,988

155
189
1,138
1,320
1,224
1, 359
3; 375

$0.64
. 77
1.09
1. 11
1.87
1.94
1.53

20, 694
22, 200
22, 651
27, 299
24, 844
28, 335
19, 264

22, 907
24, 390
20, 481
30, 336
23, 493
22, 703
22, 898

3,018
223
8,993
8,791
9,370
10, 815
5,551

$0.38
.42
.50
.46
.64
.78
.70

20, 764
13, 973
39 560
34 817
30 903
35, 406
35, 878

124,870 |
120, 675 i

1.26
.64
.63
.66
.82
.85

3,712
2, 573
5, 353
3,683
5,414
2,489

4, 938
2,512
3, 985
2,667
3,082
2,408

1.87
1.21
.89
.75
.92
1. 13

17, 800
17, 880
19, 063
19, 974
22, 046
19, 512

17, 609
50,863
49, 317
19, 637
30, 675
58, 755

1, 357
698
2,979
966
694
3,109

.80
.39
.40
.44
.51
.47

821
821
1,053
996

9,610
10, 322
15, 362
11,098

35, 191
46, 002
41, 672
22, 668
26, 817
20, 796

119, 102
69, 948
76, 873
76, 493
80, 006
72, 343

299
613
969
706

.71
.74
.75
.80

1,807
1,938
1,677
960

821
402
365
2,147

.73
.72
^69
.66

16, 208
18, 778
16, 771
13,769

18, 712
19,011
17, 739
11,568

639
485
323
185

.47
.49
.48
.49

1,275
1, 098
1,139
857

20, 104
16, 548
16, 582
11,350

17, 066
15, 061
15, 059
13, 606

100, 367
103, 963
80, 255
65, 624

768
471
293
863

448
513
1,054
1,396

.76
.78
.83
.85

2,488
1, 674
4, 954
4,736

1, 999
3,732
1,332
1.497

.67
.73
.86
.92

13, 737
14, 003
10, 510
27, 561

7,427
6,322
3,922
13, 210

137
177
233
217

.49
.50
.56
.53

905
857
1,085
957

13, 083
13, 452
16, 652
14, 798

11, 643
15, 696
11, 090
24, 998

70, 455
76, 090
61, 672
65. 275

13, 965
12, 296
7,258
5,405

4,700
5,209
5, 481
5,484

1,955
5,315
2,710
1,744

.87
.91
.86
.94

14, 291
17, 708
8,932
3,802

11,579
10, 927
1,323
856

1.02
1.28
1.31
1.40

55, 710
39, 149
18, 620
19, 738

50, 690
71, 157
71, 997
76, 343

662
2,735
1,366
1,171

.50
.52
.52
.60

1,010
1,097
1,218
1, 134

15, 157
15,945
16, 199
14, 467 |

54, 242
73, 243
41, 433
28, 608

86, 031
95, 037
81, 001
74, 303

4,940
4,210
3, 359
2,038

' 3,939
3,850
3,834
2,773

1, 522
881
864
934

.97
1.00
.92
.88

2,134
2,823
833
1,506

1,208
944
2,408
10, 749

1.59
1.58
1.35
1.12

23, 474
14, 110
12, 851
11,679

77, 579
76, 519
67, 509
50, 995

934
843
1,006
917

.60
.57
.49
.45

879
659
689
672

11,159
7,133
7. 469
7,358

17, 538
14, 984
21, 376
26, 310

101, 595
69, 869
74, 305
45, 985

May.
June
July..
August

2,662
3,382
3,086
11, 929

1,809
1,657
1,099
3,367

1,608
667
1,940
4,564

.88
.89
.88
.81

4,554
889
403
1,939

5, 795
1,627
3, 794
1,036

1. 19
1.09
.98
1.07

11,845
17, 363
16,591
48, 399

37, 520
37, 530
28, 020
54, 715

3,908
2,398
4,292
7,073

.48
.51
.48
.42

594
667
667
727

0, 898
8,449
8, 581
9,347

25, 130
16, 416
23, 647
25, 354

54, 349
48, 022
71, 783
79, 611

September
October
November
December

14, 993
6,445
4,791
4,364

6,036
5,642
6,422
7,257

9,103
3,043
2,493
958

.75
.74
.72
.72

6,639
3,304
2,598
2,243

1, 054
127
62
95

.88
.84
.88
1.04

29, 243
18, 918
14, 094
15, 582

69, 960
69, 216
68, 739
66, 762

6,279
4,744
2,443
2, 466

.40
.40
.40
.44

1, 062
1,197
1,257
1,738

15, 043
17, 782
17, 704
16, 252

30, 668
18, 116
14,829
15, 182

79, 516
76, 687
84, 068
82, 329

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

av
av
av
av_
av
av

1925
January February. __
March
April. .

1926
January
February
March
April

1,294
1,648
1, 809
1,936
1,912

i

14, 948

May
June
1
Receipts of oats compiled by Chicago Board of Trade and reported by Price Current Grain Reporter, while receipts of barley and rye are compiled by the Federal Reserve
Board from receipts at 17 interior centers. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
2
Data from Bradstreet's, representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc. Monthly data from 1913 appeared
in November, 1925, issue of the SURVEY (No. 51), p. 23.
s Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 88. Barley
flour converted at 5.5 bushels to the barrel, oatmeal at 5.21 bushels to 100 pounds, and rye flour at 6 bushels to the barrel.




81

Table 57.—RICE, FRUITS AND VEGETABLES
RICE i
Paddy at
California
warehouses
YEAR AND
MONTH

Stocks,
end of
month

Shipments

Southern
paddy

Siiipntents

Total
movement
Receipts to mills
at mills

Total
from
mills

Barrels or sacks of 162 pounds

New
Orleans

APP LES

Stocks,
end of
month

WHITE
CITRUS
POTAFRUIT TOES

ONIONS

1

ColdDomes- Imports Exports storage
tic at
holdmills
ings 2
and
(end of
dealers
mo.)

Car-lot shipments 2

Thous.
of barrels

Pockets of 100 pounds

1

Number of carloads

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

av
av _
av _
av
av
av _
av

468, 036
640, 627
591, 159
633, 910
609, 477

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

av
av
av
av
av
av

2 337, 223 * 1, 172, 184
188, 668
386, 862
66, 022
257, 889

639, 610
796, 277
837, 657
659, 645
707, 425
494, 586

186, 116
207, 140
392, 204
42, 977

1, 178, 780
998, 042
549, 150
468, 951

57, 463
77, 028
142, 836
436, 305

September
October
November
December

1925
January
February
March
April

1924
January
February
M arch
April
iVlay
June
JulyAugust

May
June _ _
July
August

479, 349
652, 912
642, 918
699, 754
611,661

169, 718
203, 340
196, 238
258, 484
275, 513
278, 785
254, 825

3 994, 249
896, 093
560, 607

554, 723
957, 589
797, 973
687, 198
691, 376
536, 989

1, 075, 680
579, 922
369, 704
80, 057

1, 261, 796
787, 062
761, 908
123, 034

376, 080
293, 890
131, 569
10, 000

13, 986
9,466
5, 638
345, 365

71, 449
86, 494
148, 474
781, 670

87, 134
299, 781
274, 883
60, 143

None.
None.
None.
635, 971

948, 625
2, 182, 793
1, 905, 168
972, 700

28, 067
19, 072
92, 302
121, 477

583, 136
532, 886
375, 675
257, 570

448, 306
197, 214
43, 129
34, 465

97, 766
29, 183
None.
None.

40, 000
2,700
2,700
None.

3, 510
136, 235
218, 009
46, 641

None.
None.
None.
1, 300, 000

__

September
October.
November
December

757, 281
1, 021, 642
872, 667
682, 788
811,658

191,510
193, 597
212, 140
179, 760
222, 059
446, 741
136, 090

23, 004
41, 904
56, 327
109, 114
172, 990
139, 944
314, 063

1,800
1,752
1,865
1,940

6,950
4,754
5,737
6,796

3,417
5, 398

222, 175
318, 147
275, 358
223, 472
156, 446
133, 944

1, 287, 057
1, 291, 023
1, 253, 992
1, 343, 655
1, 142, 799
895, 170

109, 706
63, 532
52, 946
40, 105
31, 728
56, 272

327, 177
488, 412
342, 952
283, 636
128, 945
54, 556

2,383
2,344
2,570
3,391
3,484
3,319

8,580
8,042
7,734
10, 268
9,009
9,911

1, 104, 876
926, 545
818, 902
470, 496

228, 712
203, 224
177, 670
95, 165

2, 018; 819
1, 680, 373
1, 181, 972
718, 226

44, 876
31, 868
58, 695
35, 498

303, 950
177, 314
180,682
116,428

7,843
5,965
3,871
2,080

305, 995
135, 094
135, 259
130, 924

71, 433
34, 646
41, 036
1,979

429, 803
302, 640
165, 241
398, 953

32, 978
50, 364
16, 814
39, 091

75, 847
36, 908
23,234
23, 883

1, 035, 759
730, 544
2, 482, 574 1, 303, 227
2, 180, 051 1, 300, 775
1, 032, 843
933, 878

232, 916
300, 075
339, 350
151, 143

638, 303
1, 567, 621
2, 265, 121
2, 346, 514

16, 335
11,918
14, 855
27, 444

476, 373
216, 286
135, 431
155, 942

981, 194
543, 246
496, 485
389, 915

219, 817
128, 858
118, 163
95, 082

1, 867, 227
1, 559, 679
1, 059, 649
674, 106

11, 000
45, 218
8,252
566, 268

108, 766
74, 401
8,252
566, 268

337, 221
192, 507
140, 316
315,239

117, 128
38, 849
89, 607
101, 054

853, 330
925, 254
1, 130, 866
1, 671, 725

856,840
1, 061, 489
1, 348, 875
1,718,366

619, 078
942, 366
834, 604
751, 701

135, 778
186, 218
172, 564
204, 210

15; 005

1, 304 j
1, 596
1,835
1,740

5, 975
7,500
5, 882
8,261
8,562
7, 299

14, 627
18, 206
19, 930
18, 956
20, 178
19, 585

2, 163
1,932
2,163
2, 132
2,502
2,453

7,961
7,995
6,162
3,373

9, 735
11, 693
12, 251
12, 680

18, 983
19, 862
22, 091
18, 406

2,411 j
2,092 |
1,898
2,270

761
199
43
47

2,201
866
2,312
2, 927

10,817
7,811
4,100
3,856

17, 506
20, 470
22, 938
15, 959

2, 752
981
2,057
2, 405

27, 675
89, 679
216, 418
275, 318

820
5,758
7,743
6,673

13, 261
35, 937
19,045
6,068

3,116
4,185
11, 307
11, 187

20, 450
32, 524
20, 191
12, 757

3,864
4,545
2,876
1,869

41, 497
78, 493
98, 554
60, 728

108, 979
114, 109
79, 085
63, 246

5,233
3,761
2,272
1,143

4,980
3,802
3,244
2,216

12, 036
10, 402
11,309
10, 417

21, 159
19, 886
20, 862
19, 532

2, 713
1,984
1,533
2,900

363, 747
223, 542
95, 427
398, 186

55, 333
34, 351
63, 238
109, 753

52, 574
43, 854
13, 946
25, 865

399
104
42
64

1,525
889
2,667
3,956

8, 332
5,464
3,587
2,442

19, 397
19, 976
17, 467
14, 326

1,932
590
1,725
2,391

632, 444
751, 680
1, 090, 571
2, 045, 781

24, 409
18, 568
23, 586
66, 751

13,293
28, 248
41, 666
69, 803

1,422
7,489
9,398
8,502

19, 103
41, 324
19, 478
7,244

2,379
2,639
9,229
9,350

22,763
32, 545
15, 980
11, 125

3,994
5,157
2,968
1, 554

11,397
12, 055
14, 105

i

1926
January
February.
March
April

,
j

May
June -

j

" i

1
Southern receipts, shipments, and stocks at mills from Rice Millers' Association, comprising movement of the whole rice crop except California rice. Data on paddy
at all California warehouses from Rice Growers' Association of California. The column "Total movement to mills" is a total of the shipments from California warehouses
and receipts at Southern mills, thus giving a view of the total movement of domestic rice to the mills. Shipments of rice through New Orleans compiled by New Orleans
Board oj Trade. Imports arid exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, data for rough rice being reduced to the equivalent
clean rice at 162 pounds of rough to 100 pounds of clean, as barrels or sacks of 162 pounds are equivalent to clean rice pockets of 100 pounds each.
2
Data on cold-storage holdings of apples and on car-lot shipments of fruits and vegetables compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Citrus fruit shipments consist of oranges, lemons, and grapefruit.
* Average for 10 months, March through December.

79396 °—26




6

82

Table 58.—TOBACCO

I

UNMANUFACTURED

MANUFACTURED PRODUCTS
Wholesale
price 5

Stocks J
(quarterly)
Sales,
Production loose-leaf Exports,
Chewing,
(crop J
leafs
ware- 2
smoking,
estimate)
houses
snuff, and

YEAR AND MONTH

export
types

Cigar
types
!

Burley, ManuTotal,
food
factured
including
eaf,
imported dark red, tobacco
and
types
Louissnuff 3
ville
Dollars
per 100
pounds

Thousands of pounds

1909-1913 monthly average
1913 monthly average
1914 monthlv average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average

996, 176
953, 734
1, 034, 679
1, 062, 237
1, 153, 278
1, 249, 276
1, 439, 071

1919 monthly average
1920 monthly average
1921 monthly average
1922 m onthly average
1923 monthly average
1924 monthly average
1925 monthly average

1, 465, 481
1, 582, 225
1, 069, 693
1, 246, 837
1, 515, 110
1, 242, 456
1, 349, 660

Consumption B
(tax-paid withdrawals)

Large
cigars

Thousands of
pounds

Exports 3

Small
cigarettes Cigarettes

Thousands

31, 417
36, 754
28, 827
35, 877
39, 784
21, 186
33,656

810, 469
835, 462
915, 452
821, 564
923, 240
975, 427

369, 802
344, 971
361, 114
286, 007
275, 770
291, 214

1, 234, 014
1, 224, 524
1, 343, 396
1, 165, 332
1, 250, 801
1, 337, 747

$13. 20
14.65
13.79
15.23
22.30
36.57

36, 990
38, 745
36, 863
38, 847
40, 248
41, 423

630, 959
597, 849
549, 932
586, 844
629, 991
587, 796

1, 296, 308
1, 404, 636
1, 497, 029
2, 107, 525
2, 944, 272
3, 888, 075

193, 234
200, 602
173, 015
354, 889
584, 977
1, 012, 128

6 82, 149
65, 280
74, 254
41, 601
42, 028
40, 261
52, 398

63, 826
38, 946
42, 946
35, 907
41, 434
48, 005
39, 201

1, 030, 642
1, 026, 109
1, 227, 487
1, 121, 075
1, 207, 714
1, 329, 960
1, 383, 519

303, 343
327, 185
344, 617
386, 091
404, 584
410, 435
398, 243

1, 402, 525
1, 440, 507
1, 650, 022
1, 587, 422
1, 689, 639
1, 814, 686
1, 864, 016

32. 35
34.18
29.28
27. 50
27.78
26.03
24.79

35, 339
33, 324
32, 208
35, 019
34, 342 I
34, 390
34, 194

589, 363
661,418
563, 218
574, 383
583, 241
554, 867
541, 729

4, 426, 649
3, 720, 072
4, 240, 181
4, 463, 752
5, 370, 890
5, 917, 368
6, 663, 134

1, 350, 981
1, 319, 489
711, 973
956, 334
1, 027, 303
882, 616
678, 803

76, 986
48, 019
24, 108
4,800

50, 528
42, 590
65, 798
63, 732

28.00
28.00
28.00
28.00

38, 191
35, 353
34, 847
32, 866

504, 024
498, 796
515, 895
501, 422

6, 256, 784
4, 854, 526
5, 268, 703
5, 323, 295

989, 742
661, 558
656, 093
1, 135, 192

43, 950
55, 854
33, 813
34, 805

28.00
25.38
24.50
24. 50

34, 948
33, 565
34, 407
34, 959

553, 320
562, 732
595, 063
573, 627

6, 391, 902
6, 455, 228
6, 583, 240
6, 315, 641

1, 164, 533
1, 215, 852
744, 575
782, 420

24.50
24.50
24.50
24.50

36, 715
38, 043
30, 210
28, 871

605, 608
635, 231
601, 413
511, 277

6, 273, 217
6, 488, 187
5, 356, 074
5, 441, 526

867, 829
697, 089
838, 842
837, 663

24. 50
24.50
24. 50
24.50

35, 457
33, 172
34, 346
34, 159

474, 803
451, 562
504, 304
493, 775

6, 652, 475
5, 681, 227
6, 270, 421
6, 048, 354

707, 071
734, 952
720, 837
969, 566

24.50
25. 00
25. 00
25.00

34, 338
34, 630
35, 653
35, 358

514, 509
569, 743
575, 823
557, 432

6, 465, 490
7, 434, 013
7, 612, 281
6, 983, 027

1, 004, 479
709, 665
316, 902
714, 978

25.00
25.00
25.00
25.00

36, 154
38, 061
30, 342
28, 657

575, 764
711, 222
598, 478
473, 336

7, 119, 055
6, 925, 427
6, 516, 922
6, 248, 920

336, 145
488, 130
499, 756
943, 158

1934
January
February
March
April

_

May
June
July
August

1, 240, 513
1, 202, 350

4,795
1,698
591
33, 434

September
October
November
December

1, 195, 099
1, 181, 620
1, 360, 661
1, 242, 456

68, 075
83, 090
66, 854
71, 676

37, 907
56, 821
45, 722
44, 545

93, 551
51, 833
14, 556
4,307

36, 150
24, 127
32, 475
30, 850

1, 282, 916
1, 234, 096

1,156
239
69
39, 144

22, 415
27, 460
39, 037
34, 890

1, 247, Oil
1, 228, 972
1, 264, 226
1, 349, 660

91, 682
98, 657
112,615
120, 972

50, 694
52, 784
51, 141
68, 375

_

1, 485, 969

420, 936

1, 976, 569

1, 327, 852

442, 696

1, 843, 737

1, 239, 936

407, 066

1, 724, 767

1, 266, 083

371, 043

1, 713, 670

1, 522, 217

422, 966

2, 035, 678

1, 337, 784

423, 975

1, 847, 225

1, 289, 44

389, 913

1, 754, 596

1, 384, 627

356, 119

1, 818, 564

1925
January
February
March
! April
1
i May
June
July
\ August
September
October
November
December

1926
!
i

January..
February
March
! April

May.
June

_

.
_ _ -.

1
Estimate of production of the tobacco crop from the TT. S. Department of Agriculture, Bureau of Agricultural Economics. The annual figures represent the latest revised
estimates of the year's total crop, not monthly averages, while the monthly figures represent the current estimate of the total crop for the year made the first week of each
month. Revisions of the December estimate for each year are made in December of the following year.
a
Sales of tobacco from loose-leaf warehouses compiled by the Federal Reserve Board, Division of Research and Statistics from reports of State authorities of Kentucky,
North Carolina, South Carolina, and Virginia, which States grow about 75 per cent of the total tobacco crop. Sales from Kentucky were not available for the first six
months of 1919, so that the year's figure is partly estimated by estimating the Kentucky figures for the first half year as equal to the sum of the sales in the other reporting
States, which is approximately the normal proportion of Kentucky sales to the total.
3
Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
* Stocks of leaf tobacco held by manufacturers and dealers compiled by the U. S. Department of Commerce, Bureau of the Census. During the years 1913, 1914, 1915,
and 1916 the data were collected semiannually in March and September, the quarterly collection commencing with December, 1916. Therefore the averages for the years
19138through 1915 are semiannual, while for 1916 three quarters are averaged, and thereafter four quarters.
Wholesale price of burley, good leaf, dark red tobacco at Louisville is averaged for the month compiled by the U. S. Department of Labor, Bureau oj Labor Statistics.
6
Figures of consumption of tobacco products from U. S. Treasury Department, Bureau 0} Internal Revenue, represent withdrawals from bonded warehouses upon payment of tax for domestic consumption. The figures for manufactured tobacco and snuff comprise plug, twist, fine-cut, and smoking tobacco and snuff. Figures for cigars
are those for large cigars, weighing over 3 pounds per thousand, while for cigarettes, small cigarettes are taken, weighing 3 pounds per thousand or less; in both cases the
series taken represent over 90 per cent of the totals for each class.




83

Table 59.—LIVESTOCK MOVEMENT1
HOGS

CATTLE AND CALVES

Price
Shipments
steers,
good to
Local choice,
Total
Total
slaugh- corn
receipts Stockreceipts Stockter
er and Total
er and Total
fed,
Chifeeder
feeder
cago 2

SHEEP AND LAMBS

Shipments

YEAR AND
MONTH

Dolls, p.
100 Ibs.

Thousands of pounds

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

av
av
av
av
av__
av__
av__

1, 094
2, 104
2,054

3S2
408
440

747
850
894

mo. a v _ _
mo. av__
rno. av__
mo. av__
mo. av.. _
mo. av_ _

1,866
1,649
1,935
1,935
1,975
2, 006

336
292
406
380
331
316

1923
September. __
October
November
December

2, 295
2,802
2,182
1,810

1924
January _
February
March
April

1, 109
1,241
1, 141

3,159
3,766
3,737

64
81
75

1,027
1,185
1,194

818
717
887
839
808
786

1,034
923
1,036
1,086
1, 154
1,205

14.49
8.76
9.46
9.96
9.68
10.65

3,549
3,425
3,672
4,611
4,618
3,661

61
42
49
68
42
48

631
785
624
353

1,156
1,382
1,131
788

1,104
1,373
1,106
1,018

10.66
10.45
9.84
9.79

3,607
4,816
5,416
5,825

1,888
1,457
1,556
1,751

243
170
175
239

716
540
549
627

1,155
915
991
1,108

9.47
9.71
10.07
10.78

May
June
July
August

1,890
1,673
1,798
1,934

275
201
169
306

746
631
641
826

1,141
1,030
1,141
1,092

September
October
November. ._
December

2,566
2,737
2,363
2,083

580
751
549
309

1,166
1,339
1,096
816

1925
January
February
March
April

1,869
1,530
1,860
1,827

207
176
241
271

1,737
1,746
1,970
2,245
2,157
2,789
2,282
2,056

1920
1921
1922
1923
1924
1925

May
June
July
August

.

September
October
November
December

Local
Total
slaugh- Ewes,
receipts Stockter
Chierand Total
feeder
cago

Dolls, p.
100 Ibs.

Thousands of pounds

$8 51
7.04
8.70
9 58
12.81
16.42
17.50

2,157
2,572
2,536

$8 37
8.36
7.13
9 62
15.71
17.60
18.24

1,618
1,869
2,265

352
432
578

808
1,011
1,210

1,273
1,228
1,277
1, 595
1, 684
1, 355

2,272
2, 194
2,395
3,015
2, 932
2,305

14.19
8.45
9.39
7.70
8.48
12.22

1,876
2,014
1,864
1, 838
1,850
1,842

430
258
346
373
390
353

102
101
70
46

1,336
1,669
1,799
1,911

2,276
3,129
3,657
3,919

8.64
7.78
7.13
7.05

2,659
3,465
1,816
1,526

6,253
5,335
4,833
4,374

50
47
52
57

2,198
2,126
1,854
1,559

4,016
3,227
2,976
2,809

7.23
7.08
7.35
7.43

10.27
9.60
9.56
9.48

4,321
4,296
4,091
3,196

46
29
23
25

1,608
1,417
1,477
1,213

2,735
2,852
2,605
2,017

1,312
1,432
1,267
1,265

9.02
9.50
9.16
9.55

3, 216
3,990
4, 904
6,604

35
56
40
38

1,252
1,469
1,760
2,271

708
555
645
664

1,150
967
1,179
1,163

9.31
9.47
10.20
9.99

6,105
4,558
3,528
3,246

38
35
92
41

216
154
243
360

602
534
706
886

1,123
1,190
1,252
1,281

9.66
10. 50
11.56
12.08

3,283
3,507
2, 798
2,549

422
697
472
333

938
1,348
1, 017
833

1,227
1,450
1, 232
1,248

12.44
11.91
10.58
10.04

2, 741
3, 390
3, 844
4,380

756
855
1,054

$4.69
5.04
5.93
7.17
10.33
11. 29
9.35

$7.79
8.12
9.23
10.02
16.09
17.33
16.13

1,043
944
973
978
983
968

915
1,072
889
858
847
867

8.74
3.41
5.81
6.09
6.91
7.21

15.90
9.99
13.22
13.46
14.29
15. 22

897
1,489
540
154

1,745
2,443
1,097
688

894
981
777
837

5.48
5.28
5.66
6.44

13.19
12.78
12.28
12.50

1,697
1,412
1,367
1,348

149
106
83
105

773
693
654
613

920
725
719
726

7.19
8.43
9.98
9.94

13.33
14. 55
15.78
15.94

7.44
7.25
8.19
9. 61

1,344
1,550
1,672
2,005

118
153
226
444

629
650
712
1,022

723
903
959
978

6.63
4.83
4.84
5.97

14.22
14.73
13.75
13.28

1,959
2,525
3,132
4,335

9.86
10.78
9.58
9.96

3,027
3,295
1,879
1,605

973
1,441
676
206

1,876
2,267
1,154
750

1,097
1,020
540
854

5.41
5.81
6.33
7.58

13.18
13. 44
13. 34
15.98

2,176
1,580
1, 239
1,199

3,910
3,010
2,285
2, 039

10.80
11.15
13.48
12. 58

1,467
1,388
1,504
1,541

138
119
95
109

688
675
670
704

786
711
836
833

8.69
8.44
9.18
7.92

17.63
17.27
16.05
14.16

36
49
35
30

1,346
1,222
995
952

1,931
2,298
1,804
1,586

12.18
12.70
13. 79
13.13

1,689
1,603
1,699
2,064

178
137
186
421

877
603
763
1,037

830
908
939
998

6.53
5.63
6.31
6.40

12.28
14.87
14.66
14.60

33
45
61
77

1, 092
1,323
1,524
1,618

1,645
2,081
2,300
2,776

12.88
11.69
11.32
10.88

2,627
3,198
1,712
1,608

839
1,338
460
220

1,613
2,287
927
771

981
945
793
840

6.19
6.41
6.79
8.06

15.09
14.81
15.25
15.94

i
I

1

Lambs,
Chicago

Dollars per
100 pounds

Thousands of pounds

1936
January
February. _.
March
April
May
June

Price -

Shipments
Price,
Local
slaugh- heavy,
Chiter
cago 2

I
I

1

These figures, except prices, represent the movement at between 60 and 70 markets; data procured from the W. S. Department of Agriculture, Bureau of Agricultural
Economics. Monthly data from 1920 appeared in November, 1922, issue (No. 15), p. 115.
2
From U. S. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91.




84

Table 60.—PORK PRODUCTS
PRODUCTION i—
INSPECTED
SLAUGHTER
YEAR AND MONTH

Total pork
products

COLD-STORAGE HOLDINGS 3
(end of month)

EXPORTS 2

Lard

Total

Lard

Other
products

Total

Lard

Fresh and
cured

APPARENT
CONSUMPTION*

WHOLESALE
PRICES s

Total pork
products

Lard,
Smoked
prime
hams, contract,
Chicago New York

Thousand of pounds
1913 monthly average. _.
1914 monthly average. __
1815 monthly average...
1916 monthly average...
1917 monthly average.-.
1918 monthly average. ._
1919 monthly average. __

477, 177
450, 851
524, 294
565, 691
449, 570
583, 154
588, 978

1920 monthly average. . .
1921 monthly average...
1922 monthly average...
1923 monthly average. _.
1924 monthly aver age. _ _
1925 monthly average. _.

Dollars per pound

87,986

82, 058
76, 826
113, 205
120, 932
108, 209
187, 554
219, 803

35, 555
31, 060
45, 735
63, 409

85, 377
77, 149
141, 819
156, 394

644, 543
669, 283
875, 323
920, 959

85, 741
74, 117
90, 959
92, 212

558, 802
595, 166
784, 364
828, 747

539, 455
560, 212
618, 276
765, 178
720, 862
612, 420

104, 622
119, 216
130, 652
159, 686
160, 849
122, 503

128, 004
138, 308
123, 924
165, 620
141, 289
102, 074

51, 021
72, 412
63, 913
86, 282
78, 668
57, 234

76, 983
65, 896
60, Oil
79, 338
62, 621
44, 838

906, 345
761, 914
647, 594
837, 352
827, 581
753, 535

120, 413
119, 705
86, 573
77, 358
89, 855
108, 060

1924
January
February
March
April

976, 966
843, 874
765, 700
690, 514

227, 689
188, 308
177, 602
170, 096

224, 660
190, 691
175, 420
137, 577

132, 758
99, 910
100, 726
73, 307

91, 902
90, 781
74, 694
64, 270

855, 020
946, 696
1, 018, 130
1, 010, 649

May
June _
July
August

720, 999
737, 102
731, 931
548, 939

167, 289
166, 851
177, 565
121, 584

114, 759
109, 369
148, 208
135, 104

62, 648
59, 475
86, 706
75, 937

52, 111
49, 894
61, 502
59, 167

492, 734
560, 043
668, 552
912, 990

103, 645
106, 781
130, 184
192, 596

114, 652
132, 686
91, 730
120, 607

65, 810
60, 813
49, 120
76, 803

1925
January
February
March
April

950, 738
726, 051
547, 772
519, 331

194, 189
161, 697
115, 016
113, 277

144, 221
114, 706
123, 281
83, 215

May
__ _ __
June
Julv
August..

555, 823
650, 452
512, 095
457, 345

109, 183
124, 507
118, 969
90,421

September
O ctober _
November
December

465, 179
583, 564
606, 705
773, 984

84, 972
104, 288
106, 206
147, 307

. _ _
__-

September
October
November
December

__ _

431, 847
343, 486
378, 420
383, 581

$0. 166
.167
.153
.185
.252
.318
.343

$0. 110
.104
.094
.135
.219
.261
.290

785, 932
642, 209
561, 021
760, 019
737, 726
645, 475

417, 203
435, 295
481, 376
588, 051
600, 103
524, 662

.334
.268
.265
.212
.202
.271

.200
.111
.115
.123
.133
.168

54, 130
68, 610
85, 722
102, 317

800, 890
878, 086
932, 408
908, 332

655, 560
561, 654
518, 965
560, 605

.193
.184
.189
.190

.128
.117
.116
. 113

1, 019, 058
1, 025, 158
960, 257
835, 547

127, 949
152, 520
149, 672
124, 676

891, 109
872, 638
810, 535
710, 871

597, 918
621, 830
649, 668
539, 091

.194
.196
.204
.222

.110
.111
.120
.143

48, 842
71, 873
42, 610
43, 804

649, 371
439, 437
463, 233
708, 413

84, 198
31, 706
35, 713
61,049

565, 173
407, 731
427, 520
647, 364

565, 365
660, 248
608, 165
662, 169

.223
.216
.205
.207

.144
.165
.153
.169

78, 440
60, 3G3
63, 281
44, 447

65, 781
54, 343
60, 000
38, 768

891, 496
1, 017, 282
979, 739
965, 688

112, 704
151, 927
150, 182
151, 499

778, 792
865, 355
829, 557
814, 189

623, 912
483, 364
462, 563
450, 801

.219
.231
.269
.282

.166
.161
.171
.161

109, 173
104, 146
89, 977
83, 031

71, 135
59, 779
49, 414
45, 740

38, 038
44, 347
40, 563
37, 291

815, 460
886,713
815, 400
698, 513

138, 295
145, 919
145, 924
114, 724

748, 418
738, 655
669, 536
583, 789

526, 195
549, 338
492, 017
492, 088

.256
.263
.293
.298

.163
.176
.181
.179

100, 162
81, 321
76, 418
115, 241

60, 646
44, 745
39, 979
68, 840

39, 506
36, 576
36, 439
46, 401

539, 069
429, 861
418, 737
515, 292

71, 626
37, 258
33, 710

467, 443
392, 605
385, 027
472, 337

519, 282
592, 235
541, 736
562, 416

.292
.283
.282
.280

.178
.164
.162
.150

42, 955

1926
January
February
March
April
May
June

-_
1

1 Production of pork products from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal Industry, given as
total dressed weight, excluding meat from condemned animals. Slaughter of hogs under Federal inspection according to 1919 census figures amounted to 68 per cent of total
slaughter. Monthly data from 1920, slightly revised since, given in May, 1922, issue (No. 9), p. 95, including data on exports, storage holdings, and apparent consumption
also.2 Monthly data onlard from 1916 appearedin March, 1924, issue (No. 31), p. 54.
Exports reported by the U. S. Department of Commerce, Bureau of Foreign arid Domestic Commerce. The total includes bacon, ham, shoulders, lard, neutral lard, and
canned, fresh, and pickled pork. In the division between lard and other products, neutral lard is included with " Oilier products."
3
Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. No allowance for this has been
made in computing index numbers.
4
Apparent consumption, including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural
Economics, from the inspected slaughter plus net imports less exports and reexports and the change in cold-storage holdings.
5
Wholesale prices are averages of weekly quotations as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data on ham prices from 1919
appeared in September, 1923, issue (No. 25), p. 55.




85

Table 61.—OTHER MEATS
LAMB

BEEF

TOTAL MEATS

Wholesale prices 5

ColdProduc- storage Apparent ProducColdtionconstorage Apparent
conhold- sumptionSteer inspected ings,
Good
holdings, sumpinspected
tion *
end of 3 tion 4
native rounds, slaugh- end of
slaughter 1
ter i
month
steers,
No. 2,
mouth
Chicago Chicago

Productioninspected Exports2
slaughter i

YEAR AND MONTH

Thousands of pounds

467, 135
431, 602

$0. 131
.133
.124
.130
.162
.221
.224

45, 661
44, 623
38, 445
37, 564
29, 120
31, 831
38, 539

3,722
4, 531
6,026
8,291

156, 117
99, 623
68, 521
75, 689
79, 712
80, 134

400, 648
375, 060
411, 561
427, 455
440, 131
460, 574

.230
.163
.150
.158
.171
.181

.213
.145
.145
.153
.152
.158

34, 399
41, 096
34, 820
37, 188
37, 540
38, 956

9,899
11, 669
12, 920
13, 827

102, 655
100, 007
93, 274
78, 423

453, 941
379, 016
385, 222
413, 301

.170
.170
.170
.170

.139
.145
.150
.155

445, 590
382, 657
435, 299
444, 732

13,911
11,909
14, 029
14, 387

66, 069
59, 418
49, 812
48, 906

458, 642
393, 545
444, 670
444, 321

.170
.168
165
.165

481, 787
551, 766
463, 064
441, 160

16, 375
16, 763
14, 417
9,329

47, 538
67, 244
100, 239
142, 964

480, 573
523, 893
455, 346
449, 106

480, 692
346, 086
425 740
431, 009

9,412
8,652
8,476
12, 004

140, 705
130, 809
116, 318
96, 223

435, 890
418, 082
478, 231
444, 466

14, 247
13, 212
11, 625
11, 028

473, 961
569, 094
451, 396
499, 739

9,520
8,634
7,831
11, 128

329, 810
314, 784
331, 971
383, 268
457, 910
522, 309
448, 955

13, 625
12, 163
42, 609
32, 105
32, 502
64, 444
32, 053

127, 200
192, 343
256, 523
237, 123

1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly

391, 387
371, 108
414, 045
427, 407
437, 667
454, 532

19, 545
15, 249
14, 456
13, 594
13, 286
10, 481

451, 782
377, 326
378, 549
398, 288

av
av_
av
av
__
av .
av

1924
J anuary
February
March
April
May
June
July
August __

_-_
.-

September
October
November
December

. . _
_.

1925
January
February
April

May
June
July
i August

- -

September,
October _ __ _ _
November
December—

1926
January
Febuary
March-.
April
May
June.

-

Apparent
consumption*

Thousands of pounds

Dollars per pound

$0. 130
.136
.129
.138
.167
.221
.233

1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
19 18 monthly av
19 19 monthly av _ _

Coldstorage
holdings,
end of
month 3

38, 439
29, 141
31, 298
39, 166

852, 588
810, 258
894, 710
986, 523
936, 601
1, 137, 294
1, 075, 591

775, 465
866, 157
1, 137, 872
1, 166, 373

20, 174
22, 090
3,294
3, 742
2,495
1,731

37, 703
43, 003
35, 820
37, 615
38, 047
39, 889

965, 241
972, 417
1, 067, 141
1, 229, 773
1, 196, 069
1, 105, 908

1, 082, 636
883, 627
719, 409
916, 803
910, 279
911, 922

855, 554
853, 358
928, 766
1, 053, 121
1, 078, 281
1, 024, 479

42, 502
36, 158
34, 642
33, 848

2, 306
2, 173
1,719
2,093

42, 647
36, 213
35, 240
34, 191

1, 471, 250
1, 257, 358
1, 178, 891
1, 122, 650

989, 981
1, 048, 876
1, 113, 123
1, 091, 165

1, 152, 148
976, 883
939, 427
1, 008, 097

.169
.175
.170
.169

37, 187
35, 097
37, 539
38, 788

2,273
2,917
2,257
2,230

37, 239
34, 556
37, 973
38, 673

1, 203, 776
1, 154, 856
1, 204, 769
1, 032, 459

1, 087, 400
1, 087, 493
1, 012, 326
886, 683

1, 093, 799
1, 049, 931
1,132,311
1, 022, 085

.165
.172
.183
.183

.160
.136
.129
.125

42, 548
43, 566
35, 801
32, 803

2,525
3,166
3,326
2,949

42, 2C6
42, 894
36, 435
38, 294

1, 017, 069
1, 155, 375
1, 167, 417
1, 386, 953

699, 434
509, 847
566, 798
849, 943

1, 088, 144
1, 227, 035
1, 099, 946
1, 149, 569

481, 583
387, 219
438, 123
450, 644

.183
.183
.183
.183

.133
.135
.148
.153

39, 655
34, 945
40, 572
40, 610

2,336
2,294
2,090
1,998

40, 275
34, 953
40, 710
40, 680

1, 471, 085
1, 107, 082
1, 014, 084
990, 950

1, 034, 537
1, 150, 385
1, 098, 147
1, 063, 909

1, 145, 770
905, 536
941, 396
942, 125

74, 618
61, 554
49, 674
45, 214

457, 054
430, 130
489, 204
447, 509

.178
.175
.178
.185

.162
.173
.192
.188

40, 698
36, 417
39, 374
38, 870

1,913
1, 535
1,349
1,339

49, 761
36, 537
39, 361
38, 698

1, 032, 411
1, 104, 951
1, 029, 700
940, 681

963,244
947, 663
866, 483
745, 066

1, 024, 010
1, 016, 005
1, 020, 582
978, 295

40, 719
47, 481
73,564
84, 725

469, 695
563, 086
424, 809
488, 256

.185
.185
.178
.170

.173
.160
.143
.131

41, 117
41, 701
34, 049
39, 468

1,112
1,435
1,549
1,825

41, 505
42, 287
34, 524
39, 378

980, 257
1, 194, 359
1, 092, 150
1, 313, 191

580, 900
478, 777
493, 028
601, 842

1, 030, 482
1, 197, 608
1, 001, 890
1, 090, 050

354, 440
420,946

824, 727
793, 573
876,854 ,
854, 349

__-

_

1

1

Production from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal Industry, given as total dressed
weight, excluding meat from condemned animals. The slaughter under Federal inspection, according to census figures for 1919, amounted to 82 per cent of the total number
of animals slaughtered in the United States in the case of beef and 91 per cent for lamb. Monthly data from 1920, including also exports, storage holdings and apparent
consumption and prices, appeared in May, 1922, issue (No. 9), p. 95. Veal is included in the beef figures and mutton in the lamb figures.
2
Exports, as reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include fresh, canned, pickled, and cured beef, and oleo oil
and 3tallow.
Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. No allowance for this had been
made in calculating index numbers. Figures represent storage holdings on the last day of each month. Beef holdings include frozen, cured, and in process of cure while
lamb holdings embrace frozen lamb and mutton.
4 Apparent consumption, including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural
Economics, from the inspected slaughter plus net imports less exports and reexports and the change in cold-storage holdings.
5 Wholesale prices are averages for the month from U. S, Department of Labor, Bureau of Labor Statistics.




86

Table 62.—CONDENSED AND EVAPORATED MILK

Total

Evaporated

Condensed

i Condensed

i
Case Bulk
goods goods

Evaporated

Case Bulk
goods goods

Totai

Bulk
goods

Case
goods

Condensed

»»£

i

Case
goods

Case
goods

Total
Case Buik
goods goods

Case
goods

•e
fi

a

i

j

1920 mo. a v
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av

!

]

;

131,501 i 29, 008
122,014
16, 987
119,279
19, 531
147,907
16, 567
141, 712
15, 777

I

__l

"1"""

"
8,979
7,365
8,862
12, 258
12, 001

82,117
85, 798
79, 457
104, 963
100, 109

235, 138
173, 926
137, 225
166, 022
186,925
161, 402

11, 398
11, 864
11,430
14, 119
13, 825

Thous. of pounds

$4 70 $3 54
4. 56 3 41
4.62 3.07
5.28 3.74
6 80 3 21
7.37 5.68
8.21 6.36

!

!

||—

1

i

_..„...]

i
i
j

Total
d

Dolls, per
case

Thousands of pounds

1913 mo. av
1914 mo. av
1915 mo. av
1916 mo. av
1917 mo. av
1918 mo. av
1 91 9 mo. a v

EXPORTS 3

Evaporated

YEAR AND
MONTH

|

WHOLESALE
PRICES 2

UNSOLD STOCKS i
(end of month)

Condensed

TOTAL STOCKS i
(end of month)

PRODUCTION i

"" "

56, 515
31,375
21, 166
20, 181
19, 236
29, 792

19, 701
17, 999
9,875
18, 505
16, 727

158,
123,
105,
127,
150,
123,

214
661
872
089
693
538

123, 436
116, SCO
87, 342
104, 558
132, 998
113,763

29, 083
23, 346
14, 833
13, 429
14, 119
21, 261

11, 846
13, 142
7,504
11, 142
8,870
4,086

9.50
7.06
5.25
6.24
5.99
5.91

81, 890
79,207
64,711
79, 750
109, 751
88. 189

6.01
5.10
4.14
4.71
4.15
4.33

34, 256
24, 144
15, 625
16, 189
17, 185
12,313

23, 094
7,825
4,734
4,781
5,331
3, 559

11, 162
16, 319
10, 891
11,407
11,854
8,755

6.29 4.61
6.30 4.64
6.28 4.57
6.20 4.24

33, 623
21, 027
12, 512
15, 305

8,077
5,105
5,116
5,926

25, 546
15, 923
7,396
9,379

i

'

1

1924
January— .
February March
April

101,033 ! 14, 723
109,000 i 14, 684
138,963 , 18, 134
159,648 20, 616

7, 955
8,220
10, 774
13, 596

70, 467
76, 791
96, 658
112,303

7, 888
9,305
11,397
13, 133

155, 349
11,000
138, 362 i 13,480
127, 464
12,220
18,064
142, 838

18, 079
13, 376
11,918
12, 720

126, 103
111,353
102, 997
111,816

106, 008
88, 427
81, 050
100, 802

6,412
4,855
7, 264
14, 774

12, 395
6, 979
5,971
5, 595

May._._..
June
July
August

204, 632
216, 458
195, 529
139, 330

22, 622
16, 539
14, 491
10, 657

18, 264
19, 234
16, 096
10,893

147, 236
160, 405
141. 057
95, 348

16, 510
20, 280
23, 885
22. 432
'

25,088
199, 602
288, 459 ! 23,481
282,431 33,007
242, 543
27, 375

19,
30,
24,
20,

155,
234,
224,
194,

153,
230,
213,
185,

926
769
166
584

21, 722
20, 792
28, 002
22, 759

9,710
20, 071
11,532
9,733

September 126, 051
October... 121, 329
November 92, 363
Deceinber. 97,212

14, 040
17, 616
13, 325
11,876

11, 078
9,363
8,688
9, 849

88, 140
83, 125
62, 578
67, 202

12, 793
11,223
8,772
8,285 i

202, 977 j 22,616
180, 054 j 18,070
14, 604
159, 593
123,428
11, 830

15, 476
13, 974
11,802
9, 161

104,538
147, 596
133, 093
102, 337

141.633
132, 579
117, 590
46,445

16, 766
13, 282
10, 650
2, 149

7, 744
6, 330
6,212
4,168

2,209
2, 628
1,702
8, 273

031
257
093
833

163
288
960
066

87,048
74, 450
67, 499
80, 201

122, 174
6.08
189, 528
5.90
173,260 i 5.63
152,824

4.18
4.07
3.87
3.88

13, 919
11, 461
13, 601
15, 894

6,986
4,690
4,819
5, 392

6,933
6,771
8,782
10, 502

116,808
112, 553
100, 639
40,032 1

5.81
5.85
5.85
5.87

3.92
3.89
3.92
3.99

20, 084
22, 600
15, 123
10, 862

4,192
6,265
4,306
3,096

15, 892
16, 335
11,029
7,766

3, 113
2, 407
2, 557
2, 504

29, 929
42, 187
64, 936
93, 000

5. 88
5.88
5.88
5.88

4.16
4.18
4.16
4.08

10, 653
9,661
9,091
13, 247

4,701
2,961
2,674
3,757

5,952
6,700
6,417
9,490

1935
JanuaryFebruary .
March
April

103,451
100, 491
126, 545
155, 513

12, 576
12, 365
16, 453
18, 241

10,360
9,332
12, 557
12, 420

70, 195
68, 160
84, 359
110,376

10, 320
10, 634
13, 176
14, 476

91, 205
90, 869
110,565
140,713 !

12,208
12, 321
13, 554
17,585

7, 066
5,956
5, 537
5, 683

71,857
72, 460
91,309
117,321

35, 318
47, 323
69, 330
103, 895

Mav
June
July
August

203, 173
207, 982
185, 138
150, 258

23, 740
18, 908
21, 084
13, 684

21, Oil
19, 260
13, 561
10, 755

138,
142,
127,
106,

865
349
505
535

19, 557
27, 465
22, 988
19, 384

193, 307 \ 31,035
187, 636 43, 243
194, 865 48, 244
212. 903 46, 757

10, 363
13, 988
11,795
10, 098

151, 120
129, 947
134, 328
155, 654

154,
102,
138,
163,

681
803
956
453

22, 711
31, 622
38, 621
39, 425

6, 632
8,157
7,586
3, 735

125, 092
62, 568
92, 255
119, 899

5.88
5.88
5. 83
5.85

4.09
4.33
4.46
4.51

14, 251
18, 213
15, 771
13, 120

3,519
3, 560
3,962
3,153

10, 732
14, 653
11, 809
9,967

September 122, 830
October
November
December.

11,217

7,536

87, 893

16, 184

2G7, 263
185, 624
165, 682
156, 190

42, 208
34, 792
29, 685
25, 876

7,340
6,370
4,619
4,680

157, 381
144, 324
131,251
125, 501

159, 310
140, 022
130,317
119, 744

33, 888
28, 489
24, 181
21, 383

3,346
3,210
2,308
3,472

121, 745
108, 185
103, 700
94, 775

5. 88
5.98
6.03
6.04

4.49
4.50
4.49
4.54

15, 687
10, 323
7,970
9,775

2,348
4,552
3,316
4,203

13, 339
5,771
4,654
5, 572

May
June

1

I

1926
January
February _
March
April

<
i

i

j

.

1
Data on production and stocks from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically complete data for the industry.
Production figures are reported only every three months, while stocks are available currently. Stocks, both total and unsold, are given as of the end of each month, stocks
of evaporated bulk goods being included in each total, but omitted in detail on account of the small quantities usually held. Condensed milk is sweetened by the addition
of sugar while evaporated milk is simply milk reduced in volume. The bulk goods are generally destined for bakeries, etc., while case goods are for the retail trade.
2
Wholesale prices compiled by U. S. Department of Labor, Bureau of Labor Statistics, are averages of weekly prices at New York. A case of condensed milk contains
48 14-ounce tins while a case of evaporated milk has 48 16-ounce tins. Monthly data from 1913 appeared in December, 1925, issue (No. 52), p. 22
3
Exports are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce




87

Table 63.—DAIRY PRODUCTS

Production,
MinGreat- Boston neap(iner
clud- olis,
New ing
St.
York 2 cr'm) 3 Paul 4

Production 5

Receipts

YEAR AND
MONTH

Thous.
of
Thous. Thous. Thous.
40-qt. of qts. oflbs. of galls.
cans

1913 ino. av
19 J 4 mo. av
1915 mo. av _
1916 mo. a v _ _ .
1917 mo. av
1918 ino. a v _ _ .
1919 mo. av
1920 mo av
1921 mo. av
1922mo.av__.
1923 mo. a v _ _ .
1924 mo. a v _ _ _
1925 mo. a v _ _ .
1924
January
February
March
April
Mav
June-July._.
August
September
October
November
December
1925
January
February
March
April
May..
J une
July
August
September
October
November
December
1936
January
February
March
April.

BUTTER
ColdProAppar- Re- storage
ducent ceipts holdtion
conat 5
(fac- sump- mar- ings,
tory)5 tion 6 kets 7 creamery 8

Thousands of pounds

Pro- Sales,
less
ducretion sales
(n)
(12)

Dolls,
perlb.

Stocks, end
of month n
Exports
(13)

Unsold

Total

Thousands of pounds

1,749

16. 189

0.310

14, 055
10, 693
16, 655
18, 254
17, 921
18, 488

37, 559
30, OG6
30, 675
39, 579
49, 483
52, 063

.280
.216
.211
.241
.203
.234

4, 436
3, 566
3,901
5,734
6,426 3, 990
3, 927

18, 048
19, 200
23, 341
25, 031

13, 899
16, 091
16, 540
16, 174

40, 506
35, 160
28, 294
26, 202

.225
.221
.210
.182

.383
.401
.396
.385

34, 103
43, 975
41, 236
33, 903

19, 030
22, 043
25, 142
19, 996

27 172
45, 239
65, 864
76, 406

167, 540 47, 467 153, 494
161, 158 41,949 135, 018
148, 757 30, 161 100, 832
156, 398 33, 155 65, 694

.342
.385
.418
.440

30, 766
26, 420
17, 404
15, 283

18, 854
17,479
14, 883
14, 921

138, 884
127, 753
143, 108
15C, 604

37, 781 45, 748
35, 181 28, 789
40, 725 10, 875
42, 141 3,739

.414
.412
.467
.437

15, 134
16, 070
19, 324
25, 136

133, 726
151, 119
153, 455
131, 623

195, 286
179, 629
170, 728
177, 438

56, 838 13, 036
74, 171 63, 687
69, 970 109, 075
55, 064 128, 403

.420
.429
. 434
.448

104, 050

172, 328
163, 609
140, 254

45, 005 114, 172
43, 468 94, 916
35, 455 74, 754
36, 199 52, 708

.488
. 554
.511
.489

0.593

33, 563 59, 754
39,012 56, 623
43, 893 59, 959
45, 448 47, 074
48, 956 73, 370
47, 667 61, 659

.586
.429
.403
.464
.418
.459

21, 224
21,811
23, 567
26, 024
27, 398

15, 246
9, 837
7, 842
8,913

.519
.499
.462
.384

56, 937 22, 328
77, 487 74, 184
77, 706 130, 402
57, 282 156, 232

10, 470
11, 098

138, 109
123, 796
126, 844

2,036 13, 865
2, 144 14, 116 12, 141
2,232 14, 878 13, 224
2,461 15, 391 17, 895
2,491 15, 930 21,005
2,674
23, 266

12, 357
12, 193
13, 108
15, 284
15, 130

71, 965
87,912
96, 126
104, 2f>8
113, 007

129,466
143, 811
149, 671
155, 564
161, 175

2, 362
2, 237
2,470
2, 396

14, 684 21, 215
14, 031 21, 210
15, 718 23, 186
15, 862 22, 031

6,118
7,119
9, 597
13, 883

87, 468
86, 731
95, 760
106, 012

142, 649 37, 451
130, 846 40, 221
140, 809 44, 082
154, 822 43, 579

2, 577
2,637
2, 684
2,646

17, 263 24, 898
17,317 25, 270
18, 448 22, 135
16, 846 18, 607

19, 394
27, 783
29, 593
27, 790

139, 954
161, 992
164, 443
137, 836

191, 908
187, 201
176, 275
175, 439

2,501
2,550
2,403
2,434

15, 861
15, 506
14, 926
14, 701

17, 804
18, 038
17, 303
19, 757

15, 493
10, 970
7,697
6,127

115, 102
100, 536
77, 282
82, 964

2, 413 14, 528
2,281 14, 149
3,603 16, 472
2,500 16, 663

22, 059
21, 356
24,411
24, 290

6, 167
7, 586
10, 447
15, 608

82, 788
76, 064
87, 378
98, 536

2,676 17, 472 28, 212
2, 902 19, 388 28, 854
2, 761 18, 104 26,413
2,673 17, 227 21, 730

19, 910
30, 959
28, 904
26, 804

16, 305 18, 322
16, 277 19, 417
15, 649 20, 255
23, 875

20, 782

11, 727
12, 193
13, 059

2, 647
2,587
2,496
2,546

1

5, 715
7,145
7,786

1, 549
2, 147
2 530
3, 634

26, 125
47, 590
34 638
41, 442

51, 588
54, 572
49, 737
38, 336 67, 229

63 293
66, 107
70, 833

1

Dolls,
perlb.

Thousands of pounds

ReColdceipts storage
holdat 5
ings,
markets 7 (Am.) 8

Production 6

i

3,496
1, 513
1,590
1,613
1, 652
1,763
1,873

May
.Tun.".

POWDERED MILK

CHEESE
Wholesale
grice, 5 marets 10

ICE
CREAM

Wholesale
price, 5 markets a

FLUID MILKi

i

22, 079
20 607
23, 486

11, 645
11, 775
7, 314
6,395
12, 881
7,085

4,777
8, 145
4,138
3,517
9.607
4,263

264
787
516
203
461
304

6,294
6, 382
7, 358
7,680

2,911 11,011
3, 550 12, 378
3,451 13, 521
4, 430 13, 937

8, 713
9, 569
10, 215
10, 443

215
304
223
243

.184
.195
.196
.197

9, 152
9, 273
8,029
6,107

5,378
5, 243
3,980
4,579

14, 056
14, 991
16, 165
14, 829

10, 073
10, 549
11, 494
11,611

371
251
178
445

73, 153
67, 905
58, 705
49, 187

.203
.197
.202
.221

5,306 3,800
4,401 3,496
3, 400 2, 969
3,724 4, 087

14,317
12, 146
8, 984
8, 231

11, 252 290
9,687 1, 202
6, 209 1, 260
5, 466 487

15, 202
12, 845
14, 898
15, 436

41, 552
34, 647
27, 716
26, 147

.228
.229
.226
.224

4,120
4,170
5,677
7,882

3, 489
2, 747
3, 551
4, 058

6, 007
5,381
5, 091
5, 877

4, 050
3, 536
3,349
3, 652

335
293
296
205

34, 976
43, 089
39, 478
33, 833

18, 530
24, 025
25, 825
22, 472

29, 550
46, 468
66, 634
76, 512

8, 172
8, 100
8,279
9,777

5,177
4,777
5, 079
7,045

286
286
352
291

28, 447

20, 520
21, 029
17,059
14, 012

78, 582
71, 913
66, 495
58, 548

.214 10, 245 4,586
.226 9, 613 6,447
.230 8,187 4,821
.241 6,669 3,948
.241 5,421 3,636
3,482
252
.254
3,077
3,280
.246

8, 635
7, 395
6, 258
5,882

6,135
4,633
3, 612
4,358

392
201
376
336

i

_,

!

Monthly data from 1920 on receipts at New York and Boston and production in the Twin City district appeared in July, 1922, issue (No. 14), p. 46. Receipts at
Philadelphia from 1920 were given in September, 1922, issue (No. 13), p. 50, and later data in August, 1924, issue (No. 36), p. 155.
2
Receipts of milk, excluding cream, in the metropolitan area around New York City, including many large cities in New Jersey, from the Milk Reporter.
3
Receipts of milk at Boston by rail, including cream, from the Massachusetts Department of Public Utilities.
4
Production of whole milk by members of the Twin City Milk Association, including most of the area within a 40-mile radius of Minneapolis and St. Paul.
6
Data from U. S. Department of Agriculture, Bureau of Ayricuultral Economics, representing practically complete production, but reported only every three months.
6
Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, representing the disappearance of butter into trade. These data are computed from
production (comprising actual factory data plus allowance for production on farms), imports, and the difference in cold-storage holdings. Monthly data from 1917 appeared in January, 1926, issue (No. 53), p. 23.
7
Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, covering Boston, New York, Philadelphia, Chicago, and San Francisco, and representing total of weekly figures with first and last weeks of month prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
8
Cold-storage holdings at end of month reported by U. S. Department of Agriculture, Bureau of Agricultural Economics.
9
Average of weekly prices of creamery butter, 92 score at Boston, New York, Philadelphia, Chicago, and San Francisco, as compiled by U. S. Department of Agriculture, Bureau of Agriculture.
10
Average of weekly prices of American cheese, No. 1 fresh twins, at Boston, New York, Wisconsin, Chicago, and San Francisco, as compiled by U. & Department of
Agriculture, Bureau of Agricultural Economics.
11
Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Data on production cover practically the entire industry and are collected quarterly, but present each month separately. Stocks comprise powdered milk derived from whole milk, skim milk, and unskimmed milk as of the end of the month and
include both case and bulk goods, the former being comparatively small. Monthly data from 1920 are given for production in October, 1925, issue (No. 50), p. 26, and
for stocks, divided as between case and bulk goods, in the November, 1925, issue (No. 51), p. 23.
12
Compiled by the American Dry Milk Institute from 21 identical firms which in 1924 produced 61 per cent of the totals as compiled by the Department of Agriculture.
Data on stocks held by institute members appeared in October, 1925, issue (No. 50), p. 26. The association reports also include production and unit prices of members.
13
Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.




88

Table 64.—SUGAR
1

1

HAW SUGAR
Imports i

WHOLESALE
PRICE 4

Dollars per pound

63, 336
66, 890
67, 984
69, 756
75, 683
80, 581
65, 951

175,
201,
196,
205,
183,
192,

664
437
569
716
802
219

16, 184
10, 109

69, 322
70, 803
74, 572
68, 436
63, 575
79, 142
100, 257

261,
298,
229,
381,
275,
306,
33"^

149
685
266
789
249
266
9~'3

8, 154
4,704
8,812
9, 236
14, 102
6,601
4, 952

326,
334,
296,
429,
345,
378,
426,

547
981
130
002
730
937
075

115,
106,
158,
191,
175,
184,
202,

1924
January
February.
March
April

37, 676
88, 791
104, 637
86, 643

230,
409,
466,
384,

919
553
527
952

22, 262
1, 769
152
174

255,
432,
442,
426,

319
605
775
954

58, 682
110,081
249, 064
283,541 !

May
June
July
\ugust

128, 851
158, 507
121, 624
81, 133

370,
326,
377,
269,

001
913
399
500

347
331
672
1,010

440,
454,
507,
450,

208
313
318
158

68, 755
45, 339
20, 168
7, 581

307, 838
242, 353
155, 161
134, 073

457
163
14, 057
37,812

53, 388
116,390
140, 991
171, 490

274, 510
372,911
446, 354
486, 599

144, 962
144, 345
118, 844
103, 961

407,
387,
825,
287,

98, 530
70, 940
21, 307
17, 939

321,
240,
220,
226,

19J9
1920
1921
1922
1923
1924
1925

monthly
monthly
monthly
monthly
monthly
monthly
monthly

average
average
average
average
average
average
average

1935
January
February
March. .
April

__

..

September _
October
November .
December

i

1

I

1936
January- -February
March
April

i May
> June
i
1

|

Stocks,
end of
month

Long tons

2. 9,53

$0. 035 $0. 043 $0. 049
.047
.038
.053
. 056
.059
.047
. 058 .069
.075
.077
.063
.088
.094
.064
.078

1,926
14, 524
35, 838
58,812
37, 602
15, 152

!

Rel. to
1913

100
108
120
146
169
176

134,
125,
210,
246,
201,
272,

225
726
908
245
760
066

129,
120,
209,
237,
204,
265,

447
972
971
004
422
707

242, 583 1
280, 333 j
364, 179
436,913 i
308, 662
592,065

328,
288,
291,
357,
290,
332,
420,

360
281
342
892
609
554
238

323, 441
274,811
233, 140
428, 302
290, 065
332, 035
411,793

647, 341
410, 287
1, 047, 721
617, 799
395, 339
455, 115 1
713. 576 '

. 075
.130
.048
.047
.070
.060
.043

.089
.126
.062
.059
.084
.075
.055

. 104
.182
.077
.066
.094
.084
.004

205 :
353
146
132
184
167 '
131

3,499
7, 181
14,413
25, 342

.067
.072
.069
. 064

.084
.087
.085
.079

.096
.095
.096
.091

185
187
189
181

520,
738,
856,
634,

357
587
028
044

323, 807
527, 741
613, 482
380, 108

240, 622 1
437, 958
660, 388
917, 954

342, 197
337, 110
313, 796
216, 277

30, 055
22, 329
22, 054
39, 097

.056
.051
.051
.054

.073
.065
.066
.066

.083
.074
.074
.073

167
151
153
149

375,
141,
168,
164,

924
668
812
990

376,
295,
366,
315,

019
007
297
282

929,
788,
570,
432,

419,818
344, 404
221, 836
151, 541

154, 835
68, 522
32, 172
49, 393

24, 510
5,388
1,843
863

.060
.060
.058
.053

.071
.073
.073
.072

.078
.081
.082
.080

156
160
160
160

159, 772
85, 762
43, 574
101, 126

333,
194,
148,
109,

991
683
987
020

273, 426
145, 422
41, 460
23, 850

2, 996
403
432
518

299,
413,
539,
542,

040
742
058
264

83, 659
123, 302
184, 668
282, 892

7,056
14, 108
21, 455
20, 284

.046
.046
.047
.045

.061
.058
.059
.056

.073
.070
.069
.067

147
140
140
136

637,
833,
876,
836,

599
934
210
676

375,
504,
677,
536,

213
146
797
148

293, 891
623, 658
802, 936
1, 158, 245

005
263
082
057

102
623
557
124

460,
478,
482,
438,

822
833
824
767

325,
376,
323,
235,

906
868
647
725

32, 258
34, 699
49, 457
67, 327

.043
.044
.043
.044

.055
.055
.053
.054

.062
.062
.061
.062

131
131
129
127

615,
309,
201,
179,

616
213
791
225

447,
487,
336,
333,

557
380
775
938

1, 290, 663
1, 121, 345
970, 025
822, 799

620
100
184
991

None.
835
25, 248
27, 583

459,
385,
262,
349,

875
647
894
139

187, 739
94, 511
92, 709
120, 146

40, 624
21,614
19, 131
10, 728

.043
.039
.040
.041

.054
.050
.051
.053

.062
.059
.058
.058

127
124
120
122

158, 009
125, 012
88, 119
181, 448

371,
281,
262,
327,

200
210
855
298

594, 378
460, 709
292, 119
132, 148

706
017
830
101
770
473
648

54, 891
34, 371
34, 739
68, 341
16, 520
16,381
28, 228

!

!

September
October
November
December

May _
June
Julv.. August

'

8,501
14, 050
9, 545
7,288

CUBAN MOVEMENT 3
(raw)

i

Long tons
1909-1913 monthly av
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average

RETAIL
PRICE *

Raw, GranRefined,
96°
Graninclud- cen- ulated, ulated, Index, Receipts, Exports
in
51
Cuban
trifu- bbls., N. Y. cities
ing
ports
maple
gal,
N. Y.
N. Y.

Receipts,
Stocks
Louisiat reFrom
ana crop Meltings 3 fineries,
From
end of 3
Hawaii foreign at New 2
and
month
Orleans
P. R. countries

YEAR AND MONTH

w

'PORTS i

239
141
802
123

i
i

_

.
I

Ij
i

Imports of raw sugar and. exports of refined from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports from foreign countries are mostly
from Cuba, and sugar from the Philippine Islands is also included in the imports from foreign countries, not in the data from noncontiguous territories, including Hawaii
and 2Porto Rico. The original data in pounds have been converted into long tons for comparison with the other data.
Receipts of the Louisiana cane crop at New Orleans from the Statistical Sugar Trade Journal. These receipts total about half of the total domestic cane sugar production.
3 Meltings of raw sugar by refiners compiled by the Statistical Sugar Trade Journal represent operations at the eight ports of Boston, New York, Philadelphia, Baltimore, Savannah, New Orleans, Galveston, and San Francisco, the Baltimore figures being added in 1921 upon completion of refinery in that city. The figures from the
four North Atlantic ports are actual monthly totals; those for San Francisco, Savannah, and Galveston are prorated from weekly totals; while the New Orleans figures are
prorated from partly estimated figures. Stocks represent the amount of raw sugar in the hands of refiners and of certain importers (the bulk of stocks being in refiners'
hands) at the end of each month for the four North Atlantic ports and on the Saturday nearest to the end of each month for the other ports, the total being considered as
of the last day of the month. Details of meltings and stocks, by ports, are given in the Statistical Sugar Trade Journal: also classification as between importers' and refiners'
stocks.
4
Wholesale price of raw sugar, duty paid, wholesale and retail prices of granulated sugar in New York, and retail price index for 51 cities from U. S. Department of
Labor, Bureau of Labor Statistics, representing averages of weekly prices, except retail prices which are as of the 15th of the month.
5 Statistics of receipts at Cuban ports, exports from Cuba, and stocks at Cuban ports from Statistical Sugar Trade Journal. Monthly data from 1920 appeared in the
June, 1922, issue of the SURVEY (No. 10), p. 49




89

Table 65.—COFFEE, TEA, POULTRY, AND FISH
COFFEE i

POULTRY

TEA

Clearances
Re- from Brazil Imports Imports
Into
ceipts
into
in
United United
World United Brazil Total To
States 2 States 2
U. S.
total States

Visible supply.
end of month'
YEAR AND MONTH

Receipts
at 5
markets 3

Thousands of bags
1909-1913 ino average
1913 monthly average
1914. monthly average
1915 monthly average
1916 monthly average
1917 monthly average
19"i 8 monthly average
1919 monthly average

11,819
11,371
9,4C8
9, 280

Coldstorage
holdings
(end of
mo.) 4

Total
Coldcatch, storaa;e
prinholdcipal
ings
fish in5g (15th of
ports
mo.) £

955
1, 151
1,072
1, 249
1, 009
1, 261
762

990
1,207
1, 103
1,261
1, 014
813
831

393
491
474
544
610
536
359

75 659
71, 044
84, 256
102, 438
97, 241
107, 209
91, 788
111,130

8,241
7,418
8,151
8, 842
8,814
10, 566
11,044
6, 747 i

Canned
salmon
shipments 6

ColdReceipts storage
holdat 5
ings
mar(case
kets 7 eggs) 4

Cases

Thousands of pounds

1, 835
1, 577
1, 727
2,017
2,611
1,851
1,213

EGGS

FISH

Thousands of
cases 8

9

13 518
o 13, 549
6 14, 300
!
16, 936
15 999
44,032 . ' 18, 549
17, 358
64,798 1

62, 501
61, 764

1,224

4, 156
3 ^f'l
4, 171
5, 137

3, 069
3, 504
3, 367

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

7, 941
8,913
8, 730
5, 8f;3
4, 857
5, 145

1, 695
1, 686
1, 087
903
726
736

558
1,054
894
916
1,186
984

891
1, 003
1,036
1, 175
1, 15.7
1, 105

637
513
499
625
582
590

108,118
111,956
103, 837
117,321
118,047
106, 915

7, 567
6, 374
8, 093
8,927
7, 701
8,437

18, 239
21,355
23, 559
28, 397
30, 265
26, 733

46, 146
50, 278
54, 276
68,045 '
64, 990
82, 046

15, 675
13, 608
16, 260
16, 023
17, 005
19, 901

45, 296
44, 355
35, 311
36, 210
45, 041
44, 135

467, 086
471,438
541, 804
513, 446

1,079
1 251
1, 335
1, 391
1, 284
1,290

1924
January
February
March
April _

4, 198
4, 183
3, 892
4, 351

670
571
652
634

1, 235
1, 054
1,109
1, 131

1,134
1, 297
1,015
728

505
635
576
463

137, 397
109, 994
127, 771
111,957

7, 831
5, 182
6, 075
5. 922

37,915
27, 339
20, 630
15,511

99, 486
93, 497
76, 067
52, 068

1 0, 259
16, 772
17, 5f,5
16,535

52, 627
40, 421
29. 571
21, 489

300, 041
416, 378
294, 706
195, 188

713
1,007
1, 654
2,539

500
44.
579
3, 563

May
June
July
August

4, 665
5,020
4,351
5, 183

657
760
873
966

1,073
1, 110
540
1,539

940
1, 039
997
1, 455

466
634
406
566

121, 600
110,101
136, 627
113,526

4, 173
6, 344
7,929
8, 638 i

17,473
18, 128
19, 973
17, 708

39, 299
34, 886
33, £04
33, 837

15,446
18,334
22, 592
20,018

21,840
27, 115
36, 036
49, 026

200, 300
337, 809
6GO, 591
780, 775

2, 544
1,870
1, 431
1, 043

6, 944
8, 685
9, 264
8, 751

October
November
December

5 653
5, 734
5, 661
5,388

738
772
803
611

1, 672
1,536
1,249
980

1,419
1,730
1,210
923

713
827
668
530

83, 637
133, 497
116,349
114,113

9, 079
11,794
10, 751
8, 688

20, 093
27, 263
61, 784
79, 368

40, 070
55, 139
87, 939
133, 690

19,937
20, 215
14, 040
12, 353

56, 607
67, 025
70, 406
68, 325

928, 769
1, 085, 539
687,168
614, 164

876
747
456
524

7,409
5, 267
3,102
1,050

1925
January
February
March
April

5,290
5, 112
5, 329
5,353

713
652
888
695

874
765
889
715

1, 042
756
770
679

623
377
4C2
278

109, 048
79, 992
135,167
86, 097

7, 661
6,084
7, 417
4, 786

28, 402
19, 900
15, 3! 8
13, 539

138, 189
130, 513
108,608
82, 732

11,028
18, 181
23, 708
18, 143

55, 308
44, 034
29, 8G5
22, 442

394, 433
371, 422
203, 520
113, 206

618
1,177
1,846
2, 563

81
21
1,240
4,872

May
June
July
A ugust

5,123
5, 009
5,126
5, 118

537
713
804
859

498
716
1,094
1,173

618
1, 242
1,235
1, 487

292
676
701
794

79, 548
87, 967
118,493
97, 696

4, 183
4,819
9, 536
10, 144

16,354
17,918
17, 932
14, 466

C8, 126
58, 562
53, 558
47, 946

17, 167
25, 261
24, 539
26, 839

23, 749
31,980
40, 458
47, 474

132, 926
279, 022
604, 231
757, 479

2, 193
2, 025
1,315
1, 042

7, 712
9,482
10, 024
9,873

September
October
November.
December

5,087
5,082
5, 035
5,080

716
583
789
888

1, 494
1, 262
1,144
1,187

1,434
1, 536
1,269
1,195

705
680
758
731

133, 463
111,920
115,225
128, 371

11,993
13, 088
11,067
10,468

18, 804
27, 507
62, 272
68, 385

44, 345
53, 787
86, 733
111,459

28, 184
21, 186
15, 174
9,401

55, 447
58, 358
61, 849
58, 651

1, 205, 930
1, 100. 958
503, 149
495, 075

930
709
433
625

8,612
6, 322
3,786
1, 677

4,753

685

1, 157

1,007

572

1936
January. _
February
March
April

4,597
5, 308
1

i

__
___

Mav___
June
1

1

_
__ ___
>--

1

\"" ~ ~ ~

I

Data on coffee, except imports, from the New York Coffee and Sugar Exchange (Inc.). Receipts in Brazil cover the ports of Rio and Santos while clearances are from.
Rio, Santos, and Victoria, and in the case of the United States, from Bahia also. A bag of coffee averages 132 pounds. Monthly data for 1920 and 1921 appeared in May.
1922, issue (No. 9), p. 102, and for 1922 in May, 1924, issue (No. 33), p. 156.
2
Imports of coffee and tea from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3
Receipts at the markets of Boston, New York, Philadelphia, and San Francisco compiled by the U. S. Department of Agriculture, Bureau of Foreign and Domestic
Commerce, are totals of weekly figures with overlapping weeks prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
4
Cold-storage holdings at principal warehouses compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Poultry and egg holdings are given
as of the end of the month, with fish holdings as of the 15th of the month.
8
Fish catch, representing landings of fresh fish from vessels at Boston and Gloucester, Mass., Portland, Me., and Seattle, Wash., compiled by U. S. Department of
Commerce, Bureau of Fisheries. Details by ports are given in monthly statements. Monthly data from 1920 appeared in May. 1922, issue (No. 9), pp. 97 and 98.
6
Shipments of canned salmon from Puget Sound, Astoria, Portland, Oreg. (except small rail shipments), San Francisco, and in bond through Prince Rupert, B. C.,
representing practically complete pack of the United States, including Alaska, reported by Pacific Canned Fish Brokers' Association, in cases of 48 one-pound cans to the
case.
7
Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, covering Boston, New York, Philadelphia, Chicago, and San Francisco, and representing total of weekly figures with first and last weeks of month prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
s One case of eggs equals 30 dozen, or about 45 pounds net.
* Excluding Portland and Seattle.




90

Table 66.—OCEAN TRANSPORTATION
SHIP CLEARANCES 1

VESSEL
LOSSES 2
(quarterly)

Completed during

Vessels in foreign trade

YEAR AND MONTH

Amer- Foreign
ican

Steel
seagoing

Merchant
vessels

Abandoned
Total

Total

Thousands of net tons

Under
construction 3

month 3

Lost

4

INDEXES
OF OCEAN
FREIGHT
RATES

SHIP CONSTRUCTION

Thous.
of gross
tons 4

Gross tons 4

World « (quarterly)
Under construction, end
of month

Launched

No. of
ships

Thous.
of gross
tons 4

No. of
ships

\ Thous.
of gross
tons 4

Liner
Charter rates,
rates, Atlantic
world 6 ports to
routes Europe 7

Rel. to
1911-13
av.

Rel. to
Jan.,
1920

j
1913 monthly average. _.
1914 monthly average. - _
1915 monthly average...
1916 monthly average
1917 monthly average. _ _
1918 monthly average...
1919 monthlv average

1, 250
1,000
1,340
1,537
1,666
1,563
2,083

3,333
3,017
2,826
2,895
2,467
2,184
2,189

4,483
4,017
4,166
4, 433
4, 133
3,748
4,271

31, 075
38,378
44,398
32, 960
66, 781
101, 420
42, 411

10, 895
13, 495
19, 772
13,512
11,452
9,596
6,910

1920
1921
1922
1923
1924
1925

2, 836
2,507
2,639
2,328
2,503
2,329

2,816
2,704
2,756
3,228
3,232
3, 525

5,653
5,211
5,395
5, 556
5, 735
5, 854

62, 090
48, 291
28, 842
31,216
31, 772

8, 556
15, 272
34, 173
171,683
168, 445

May
June
July
August

3,242
2,489
2,724
2,877

3,222
3,572
3,913
3,837

6,464
6,060
6,638
6,713

28, 228

99, 836

September
October
November
December

2,872
2,922
2,633
2,073

3,607
3,881
3,066
2,812

6,479
6,803
5,699
4,885

12, 148

129, 255

50, 456

80, 423

1925
January
February
March
April

1,820
1,750
1,993
2,405

3,307
2,800
3,058
3,217

5, 126
4,550
5,051
5,622

2,439
2,481
2,578
2,586

3,518
3,897
4,255
4,331

5,957
6,378
6,833
6,917

2,450
2,991
2,451
2,003

3,789
3,581
3,220
3,328

6,239
6,572
5,671
5,331

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

100

438
330
186
241
278
467
621

833
713
300
422
735
1,362
1,786

440
344
213
163
218
201

1,466
1,085
617
410
505
541

254
257
625

852
849
849
754

185
164
164

237

529

786

2,619

110

12, 346
6,665
8,651
11,690

168
177
184
183

225

553

737

2,581

102

197

389

656

2,470

102

15, 073
5,329
23, 966
15, 526

12, 838
3,340
18, 808
6,261

190
185
196
238

31,826
18, 687
30, 101
8,415

16, 200
9,767
21,951
1,631

177
186
157
155

21, 758
17 516
9,844
13, 096

17, 191
12, 210
3,283
9,339

162
170
186
232

8,629

4,517

18, 836
46, 225
86, 192
226, 773
354, 845

28, 846
26, 354
9,548
27, 094
50, 895
155, 110
294, 849

1,236

238, 394
115,569
28, 246
24, 099
17, 507
17, 595

208, 557
102, 157
13, 239
9,774
10, 904
11,068

1,188
546
231
197
173
186

26, 972
22, 951
18, 070
3,965

13, 166
15, 724
10, 484
386

161

25, 875
11,414
12, 650
15, 167

384
272 8100.0
36.0
160
114
25.5
22. 1
108
106
25.3
99
25.9

1924

M!ay
June
_
July
August
September
October
November
December

1926
January
February
March
Ipril

-

22, 064

97, 705

15, 101

37, 149

12, 349

3,477

194

606

676

2,397

103

212

593

674

2,370

96

207

476

609

2,207

98

191

489

539

2,070

99

25.7
23.3
22.1
22.3
26.6
28.1
28.1
26.8

26.9
25.5
25.6
26.0
25.6
23.7
24.1
24.3
26.2
27.7
27.5
27.4
26.3

May
June
1
Tonnage of vessels cleared in foreign trade from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
2 Vessels lost and abandoned, representing all classes of American vessels, from U. S. Department of Commerce, Bureau of Navigation, given for quarter ending in month
stated, yearly figures representing quarterly averages. Scrapped vessels are included under abandoned vessels.
3 From the U. S. Department of Commerce, Bureau of Navigation. The total completed includes ocean-going, lake, and river vessels built and officially numbered, including vessels of the U. S. Shipping Board and private American owners, but not vessels built for foreign owners. The column on merchant vessels under construction
includes all kinds of ships except Government vessels building or under construction at the end of the month. Monthly data from 1915 given in the January, 1924, issue
of the SURVEY (No. 29), p. 49.
4
Net ton represents 100 cubic feet internal carrying capacity after prescribed allowance for crew and engine space, while gross ton represents in units of 100 cubic feet
the entire cubical capacity of the vessel, including crew and engine space.
5
Quarterly data on world ship construction compiled by Lloyds1, covering all vessels of 100 tons and over, except that from 1914 to 1921 figures for Germany are not
included.
6
Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering six tramp-ship commodities over 12 world-wide trade routes.
7 The index of ocean freight rates compiled by the Federal Reserve Board, Division of Research and Statistics, represents rates to 17 ports in Europe. The index numbers
are weighted by the geometric means of these rates. The weights include the relative importance of each port and also the relative importance of the 5 principal products—
grain, provisions, cotton, cottonseed oil, and sack flour. Monthly data from 1920 appeared in the September, 1922, issue of the SURVEY (No. 13), p. 50. Rates to the
United Kingdom were given separately in all issues up to the February, 1925, issue (No. 42), p. 109.
s January, 1920.




91

Table 67.—RIVER AND CANAL CARGO TRAFFIC
RIVERS

CANALS

Mississippi

Panama!
Sault

YEAR AND MONTH
Total

In

American
vessels

In

British
vessels

407, 371
257, 843
588, 214
627, 669
576, 385

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

182, 325
70, 738
122, 977
174, 856
229, 907

183, 376
130, 888
282, 813
217, 973
156, 412

6,921
8,911

11,486
11,227
10, 710

8,529

781, 208
961, 601
907, 078
1, 630, 409
2, 157, 679
1, 951, 062

235, 856
310, 161
277, 488
410, 762
529, 386

2, 427, 332
2, 272, 472
2, 158, 721

1, 401, 908
1, 351, 116
1, 372, 894
1, 296, 445

589, 988
507, 425
503, 068
523, 904

None.
None.
None.

2, 353, 986
2, 022, 850
2, 097, 154
1, 958, 479

1, 334, 499
1, 558, 994
1, 195, 574
1, 071, 501

630, 247
533, 242
538, 212
445, 234

9,873
11,077

2,112,264
2, 017, 980
1, 961, 603
2, 265, 687

1, 187, 512
1, 056, 777
972, 431
1, 265, 968

1, 907, 469
1, 839, 617
2, 104, 324
1, 950, 902

942, 264
1, 037, 308
1, 221, 325
1, 113, 668

1, 823, 042
1, 920, 323
1, 960, 654
1, 912, 217

986, 830
1, 029, 044
1, 063, 361
1, 013, 480

443, 586
502, 069
475, 744
482, 277

1, 891, 988
2, 009, 171
2, 023, 398
2, 358, 170

. -

378, 928
431, 613
412, 543
912, 857
1, 222, 135

983, 470
967, 587
1, 025, 914

476, 082
626, 160
522, 228

9,910

Suez s

Thous. of
jo^tooa met. tons

Sf^°f

9,965

Cape
Cod*

York
State a

T

Long tons
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
J917 monthly average
1918 monthly average
1919 monthly average

Ste.

Marie 2

New

372
297
265
232
185
166
177

104, 285
66, 555
129, 625
192, 450

Ohio

Governmentowned
barges a

Pittsburgh to
Wheeling 7

Short tons

1,164

8,731

1,421
1,459
1,780
1,898
2,122
2,215

13, 392
36, 939
49, 841
59, 203
70, 792
75, 372

82, 179
80, 229

203
208
262
312
290
293

268, 678
244, 800

None.
None.
None.
None.

182, 925
128, 646
129, 904
186, 694

2, 017

2,241

81, 528

246, 033
335, 451
483, 250
411, 499

1 1, 040
11, 051

205
269
353
290

355, 918
383, 446
446, 965
412, 036

2,115
1,743
2,122
2,117

69, 916
82, 565
70, 387
76, 609

606, 667
501, 075
439, 861
609, 940

527, 050
514, 958
514, 812
524, 498

9,661
10, 328
6, 619
1,079

275
344
249
47

403, 323
307, 473
138, 960
147, 840

1,965

2,206
2,407
2,228

80, 537
57, 604
39, 603
54, 229

573, 668
714, 421
795, 527
564, 578

516, 974

None.
None.
None.

None.
None.
None.

3, 604

65

104, 598
89, 119
92, 874
94, 464

2,305
2,209
2,724
2,548

81, 087
95, 907
91, 787
98, 417

365, 970
345, 183
401, 371
572,528

11, 210
10, 942
11, 668

300
316
386
280

382,411

2,316
1,974

97, 349
75, 283
79, 361
64, 913

633, 605
565, 228
609, 727
716, 142

11,637
8,409

391
289
316

1,838

None.

387, 542
353, 106
109, 760
99, 004

46, 070
67, 627
47, 361
65, 300

608, 392
739, 635
603, 125
836, 650

6,032
8, 259
11, 203
9,130
10, 234

158, 600
114, 406
103, 226

115,788

298, 766
538, 380
523, 497
588, 130

1934
January
February
March _
April

2,243,616

May
June
July
. .
August

._
_

September
October
November
December

_ .. .

.

1,610

2,030
2,268

74,117

1925
Jauuary
February
March
April ..
May
June
July
August

... .
.

...

... _
__ .

September _
October.
._ _
November
December

1926
January. .. ._ _.
February
March
April
May .
June

428,091
509, 583
451, 991

11,663
10, 904

390, 671
412, 859
421, 193

2,050
2, 030

2,087
2,135
1,970
2, 230

i
1

..

i

.
1

!
with <
48 and 49.
3 Traffic through New York State canals from New York State Superintendent of Public Works, xibout two-thirds of this traffic goes through the Erie Canal and onethird through the Champlain Canal. Monthly averages for each year are for the seven months during which the canals are usually open.
4
Cape Cod Canal traffic from the Boston, Cape Cod & New York Canal Co. The average for 1916 is an average of nine months of operation. Monthly data from 1920
appeared in the September, 1923, issue (No. 25), pp. 55 and 56.
5
Suez Canal traffic from Le Canal de Suez.
6
Cargo tonnage on Government-owned barge line on Mississippi River between St. Louis and New Orleans from U. S. War Department, Mississippi- Warrior Service.
Receipts and shipments of cargo by river at St. Louis, now discontinued, appeared in August, 1925, issue (No. 48). Monthly data from 1920, including Government bargeline 7traffic, appeared in July, 1922, issue (No. 11), p. 45.
Data on Ohio River commerce from the U. S. War Department, Engineer Corps, represent total cargo traffic between Pittsburgh and Lock and Dam 11, located
between Wellsburg and Wheeling, W. Va. The total of 3,585,188 short tons shown for the months of 1922, from which the average is computed, does not include the annupl
total of 1,327,199 short tons not shown separately by months, the total movement for 1922 being 4,912,387. Data are available from 1910 to 1914 for traffic between Pittsburgh and Lock No. 6 (near Beaver, Pa.), and from 1915 to 1921 between Pittsburgh and Lock No. 10 (near Steubenville, Ohio). Traffic between Pittsburgh and Lock 10
amounted
 to 4.733,620 short tons in 1920 and 2,840,978 in 1921.



92

Table 68.—RAILWAY, PULLMAN, AND EXPRESS
REVENUES*

YEAR AND MONTH

Passenger

Freight

TOTAL
NET
OPER- OPERATING ATING
EXINPENSES COME 2
0)

Total
operating

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average
monthly average
monthly average
y
monthly avcrase
b

$57, 548
54, 230
53, 793
58,980
68, 935
86, 056
98, 334

360,
327,
334,
385,
362,
379.
_..,

304
328
076
465
442
424
_

$255, 139
241, 608
256, 630 !
302, 104
337,539
410,549
432,005

$181, 732
173,916
171, 926
198, 031
238, 184
334, 767
368, 287

$59, 900
53,451
70, 002
87, 265
81,232

107, 285
96, 172
89, 686
95, 636
89,721
87. . .
. , .994

$176, 916
165, 943
178, 804
214, 784
236, 177
288, 183
296, 410

518, 785
464, 429
468, 291
529, 118
498. 963
515. 553 i
, _

485,861
383, 651
371, 397
412, 081
379. 970
_381.946
, . .

4, 846
51, 329
64, 748
81,911
82, 229
94. 987

-

EXPRESS
EARNINGS e

PULLMAN CO.'

Total

43, 034

.

Tons
carried
1 mile

RePas- i
ceipts | senReveper
gers
nue
toncarried
mile
1 mile

Millions
of tons

Thousands of dollars
1913
1914
1915
1916
1917
1918
1919

OPERATION
RESULTS <

OPERATIONS

Millions

Thousands of
dollars
$3, 445
3,284
3,483
3,684
4,311
4,164
5, 756

$2, 345
2,294
2,234
2,573
2, 954
3,383
4,052

2, 072
2 182
3 2, 021
2 326
2,691
2, 397
3,112

$12,613

$2, 092

6, 012
5,370
5, 465
6,048
6, 063

4, 637
5,395
4, 419
4,657
5, 134

3,271
2, 600
2,646
2, 854
2,841
2 961

16, 306
15, 640
13, 006
13, 441
12, 909

3,615
260
116
105
91

Cents

s 27, 338
26, 163
25, 232
31, 126
34, 943
36,410
33, 034

0. 719
. 723
.722
.707
.715
.849
.973

3 2, 823
2, 881
3
3, 649
2,882
3,290
3, 556
3, 863

37,412
28, 730
31,316
38, 134
35, 788

1. 052
1. 275
1.182
1. 115
1. 115

3, 904
3,111
2,877
3, 167
3,010

3

3

Passen- operatEx ^
ing
penses J^
reve-

nues

Thousands j

Operatin g
income

Thousands of
dollars

3
3

.

1

1923
September
October
November
December

390, 881
441, 518
395, 885
344, 140

105, 902
93, 795
87, 162
101,118

546, 062
587, 914
531, 989
494, 615

416, 665
445, 341
406, 957
388, 154

92, 477
103, 776
86, 776
70, 046

39, 461
42, 209
38, 159
33, 419

1. 100
1. 150
1.133
1. 122

3 552
3,080
2,833
3, 220

6, 942
5,879
5,384
6, 052

4,821
5, 120
5, 232
1,738

3
2,
2,
2,

TiS
837
551
817

14, 092
14, 446
14, 177
10, 593

74
105
90
242

January
February
March
April

333, 433
352, 692
371, 691
342, 907

91,721
83, 394
87, 134
85; 223

468,986
479, 454
505, 371
475, 232

385, 092
374,916
390, 601
377, 827

51, 389
71, 605
80, 320
62, 299

34, 506
35, 981
36, 426
31,926

1.086
1.094
1. 125
1. 176

2, 966
2,705
2,816
2, 780

5, 982
5,568
5, 609
5, 878

5, 215
5, 035
5, 123
5, 175

2,724
2,483
2, 641
2, 681

13, 109
12, 957
13,310
13, 348

89
51
102
84

May
Junc.
July
August

344, 787
323, 375
340,088
358, 511

85,618
95, 953
97, 359
104, 553

477,529
465,670
481,826
508,506

381,486
364, 229
370, 100
373, 671

60,
65,
74,
95,

930
801 i
368 1
707 !

33,915
31, 9(,7
33, 185
36,447

1. 127
1. 122
1.134
1.090

2, 867
3,318
3,470
3, 673

5,
6,
6,
7,

831
717
345
182

5, ITS
4, 623
5,421
4.998

2, 685
3,118
3, 097
3.491

13, 322
12, 8S7
12, 818
12, 632

91
78
79
100

September
October
November
December

399,
439,
380,
362

214
042
992
217

93,
82,
78,
90,

541,
572,
505,
505,

047
872
889
176

381,
404,
374,
381,

792
038
410
475

117,018 |
127,223
93, 396
86, 695

39, 0(54
43. 134
38, 0(57
34, 998

1.123
1.115
1. 094
1 . 095

3, 212
2, 773
2,613
2, C32

6,512
6, 005
5,242
5, 887

5,072
5, 076
5,244
5, 470

3, 167
2,773
2, 509
2, 719

13, 035
13, 246
12, 846
11,394

117
111
84
111

1935
January ...
February
March
April

350,
336,
360,
347,

619
800
608
029

88, 674
77, 566
79, 572
78, 373

484, 774
454, 996
486, 481
473, 497

383,
355,
377,
370,

735
555
265
623

65, 842 j
68, 920 !
73,117
66, 199

37, 035
33, 575
35, 335
33, 577

1. 057
1.100
1. 128
1. 141

2, 890 I
2, 549
2, 620
2, 596

6, 320
5, 652
6, 270
6, 008

5,202
4,993
5, 421
5, 168

2,800
2, 503
2. 651
2,701

12, 432
12, 357
12, 875
13, 041

80
80
111
22

359, 170
365, 988
377, 517
403,311

82, 004
92, 596
97, 916
103, 961

488, 683
506, 809
522, 427
555, 367

375, 755
375, 936
382, 905
388, 970

75, 857 ;
91, 751
99, 463
124, 805

37, 147
35, 863
37, 968
41,723

1.081
1.115
1.093
1.069

2, 798
3,280
3, 537
3, 751

6,367
7, 291
7, 562
7, 768

5, 182
5,216
5, 003
5, 020

3, 150
3 276
3, 633

12,791
12, 804
12, 753
12, 567

101
99
102
115

419, 643
450, 493
402,411
379, 505

95, 705
86, 464
81, 095
91,997

565, 452
591, 313
532, 827
524, 007

388, 096
410, 352
384, 514
389, 650

134, 585
137, 700
106, 943 i
94, 667

41,322
44, 062
40, 786

1. 103
1.114

3, 335
2, 908

7, 409
6,818
6,052

5, 190
5,841
5, 492

13, 152
13,465

154
210

1924

May
June
July
August

.

. ._- ...

September
October
Novmber
December

. _ .. _ _

201
886
791
850

3,385
3,039
2,742
2. 869

;

1924
January
February
March
April
Mi ay
June
|
1

Data from the Interstate Commerce Commission, covering Class I railroads, those having annual operating revenues in excess of $1,000,000, which comprise 193 railroads
with about 98 per cent of the total operating revenues of all railroads.
2 Net railway operating income, from the Interstate Commerce Commission reports on Class I railroads, includes net operating revenue (equal to the difference between
total operating revenue and total operating expenses), from which there have been deducted railway tax accruals, uncollectible railway revenues, equipment,
and 3joint facility rents.
Fiscal year ending June 30 of «year indicated.
4 Data from Bureau of Pailway Economics, except tons per mile for 1915 and 1916, from Interstate Commerce Commission. Monthly data on ton-mile operations from
1916 8 appeared in December, 1923, issue (No. 28), p. 52.
Pullman passenger traffic furnished by The Pullman Company: revenues and expenses from its reports to the Interstate. Commerce Commission.
6
Reports to the Interstate Commerce Commission of the American Railway Express Co., to which are added reports of the Southeastern Express Co. from the time of
its organization in May. 1921, thus presenting practically complete reports of the express business on railroads. Operating income includes net operating revenue (equal
to the difference between total operating revenues and operating expenses) from which have been deducted uncollectible revenue from transportation and express taxes.




93

Total owned

Number

Tractive
power
(mills,
oflbs.)

1913 monthly av
1914 monthly av_ _
1915 monthly av
1916 monthly av
1917 monthly av19 18 monthly a v _.
19 19 monthly a v - _ _
1920
1921
1922
1923
1924
1925

monthly
monthly
monthly
monthly
monthly
monthly

av
av
av
av _ _ .
av
av

Bad order

Number

*x

w*
fig

•8

Ofe

SHIPMENTS
BY MFRS.2

DoTotal mestic

Per cent
of total
in use

UNFILLED
ORDERS,
MFRS.2

Domestic

Total

(end of mo.)

YEAR AND MONTH

*3

BUILDING IN
R.R. SHOPS i

ON RAILROAD LINES i
(end of month)

RETIRED i

INSTALLED i

Table 69.—LOCOMOTIVES
SHIPMENTS,
EXPORTS ELECTRIC LOCOMOTIVES 7
6
()
(quarterly)

Steam

i

41
22
52
69
148
89
80

23.8

18

306
119
114
130
[36
371
223

25. 3
23.9
26.4
19.0
17.4
16.9

199
112
106
266
122
93

110
69
88
249
110
67

1,323
337
889
1,592
479
454

894
296
791
1,513
424
361

40
59

143
84
31
22
27
30

265
187
144

<230
179
250

166
20
217
165
118
83

16.8
17.5
17.9
17.8

271
214
176
97

178
175
181
112

137
93
311
110

151
99
132
73

147
92
128
63

376
499
534
640

344
466
494
586

14
10
7
11

14
18
20
21

10, 875
11, 034
11, 105
10, 964

16.9
17.1
17.2
17.0

153
160
197
229

107
178
113
166

118
1
91
9

111
145
140
139

93
134
130
121

643
531
483
361

589
462
416
306

10
72
63
50

21
31
17
36

2,586
2,586
2, 587
25,89

11,329
11, 095
11,574
11, 267

17.6
17.2
18.0
17.5

160
113
181
295

151
220
263
304

111
148
99
189

104
96
133
142

79
78
123
132

386
462
397
431

333
398
331
358

37
76
70
64

51
37
29
25

64, 824
64, 779
64, 747
64, 509

2,591
2,592
2,593
2,587

11,314
11,404
11,611
11, 101

17.6
17.7
18.1
17.3

167
125
138
171

213
169
170
409

27
49
106
84

90
85
109
92

45
73
93
82

407
397
447
477

351
343
351
362

81
77
83
82

39
13
27
19

May _ _ , - _ _ _ _
June
July..
Au crust

64, 484
64, 485
64, 420
64, 357

2,590
2,591
2,594
2,596

10, 902
10,917
10, 658
10, 551

17.0
17.1
16.7
16.5

147
179
139
147

172
224
170
210

51
16
39
26

96
.110
66
104

68
61
58
91

467
397
378
309

353
300
283
225

80
66
59
45

45
43
12
11

September
October
November.
December

64, 257
64, 142
63, 869
63, 619

2,596
2,595
2,589
2,585

10, 643
10,238
10, 725
9, 769

16.5
16. 1
16.9
15.4

129
150
112
129

229
266
394
379

86
199
101
216

94
79
98
93

50
54
32
75

363
497
548
763

296
397
448
628

37
33
32
35

22
56
38
38

64, 757
64, 962
64, 370

2,573
2, 592

5, 55'9
17, 026
12, 204
11, 195
10, 819

64, 989
65, 029
64,911
64, 896

2,563
2, 560
2,560
2, 561

10, 791
11, 304
11,558
11,440

64, 942
64, 924
65, 008
66, 062

2,566
2,569
2,576
2,583

September
October
November
December

65, 071
64, 964
64, 882
64, 871

1935
January
February _
March
April..

1934
January.
February
March
April..
May
June
July
August

_ _

_

_ _

__

4

4

1926
January
February _
March.
April
May
June
1

S dul'trial

Number of locomotives

1

5

Minin

8318
8142
8172

815

140

45

134

21

141

9

153

14

151

7

120

19

187

13

228

16

822
814

1

|---

Locomotives in bad order, both passenger and freight, on Class I railroads, and number owned, retired, and building from American Railway Association, Car Service
Division. Data for 1919 on bad-order locomotives from U. S. Pailroad Administration.
2
Reported direct to the U. S. Department of Commerce, Bureau of the Census, by principal locomotive manufacturing companies, exclusive of railroads making locomotives
in their own shops. Only regular railroad locomotives are included in these data, Monthly data from 1920 appeared in June, 1922, issue, (No. 10), page 42.
Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during
the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating ihe 1924 data was 91 per cent.
4
Eight months' average, May to December, inclusive.
5
Ten months' average, March to December, inclusive.
e Data from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1922 appeared in April, 1925, issue (No. 44), pp. 27 and 28.
Compiled from quarterly reports to the U. S. Department of Commerce, Bureau of the Census, from nine manufacturers comprising practically the entire industry.
Press releases furnish details as to type, i. e., trolley or storage battery. Data for 1923 not available by quarters, but annual figures are reduced to quarterly averages.
8
Quarterly averages.




94

Table 70.—FREIGHT-CAR MOVEMENT

YEAR AND
MONTH

Box
cars

Coal
cars

LOADINGS 2

SHORTAGE i

SURPLUS i

Box
cars

Total
cars 3

1

Grain
and
grain
products

Total
cars 3

Coal
cars

i

Livestock

Coal
and
coke

Forest
products

Ore

Merchandise and
1. c. 1.

Miscellaneous

Total

Number of cars

ji
75, 605
1,981
154, 499

23, 592
68, 680
189, 396
24, 194
339,026

65, 901
28, 964
18, 991
43, 148
1,146

47, 675
33, 634
88, 482
103, 747

90, 897
23, 367
110, 572
96,843

164, 500
69, 659
229, 908
241, 289

26, 653
10, 566
384
90

15, 852
13, 527
487
115

1923
September
October .
November
December

30, 527
15, 116
53, 962
129, 963

5, 651
7,205
80, 756
149, 409

41, 745
24, 477
153, 057
312, 338

6,776
3,943
319
18

5,439
3,068
605
21

1924
January
February
March
April

74, 415
51, 398
81, 342
101, 648

67, 578
56, 618
135, 976
193, 061

169,
134,
248,
329,

036
273
301
489

1, 678
1, 076
157
42

1, 894
2, 475
105
97

May
June
July
August

133, 216
153, 550
138, 734
69, 244

168, 913
162, 343
146, 840
97, 089

338, 526
356, 389
322, 530
194, 306

43
64
94
212

17
3
13
19

September
October
November
December _

36, 768
30, 486
73, 547
117,434

58, 375
49, 058
82, 819
108, 189

116,689
99, 190
183, 914
266, 252

270
784
166
27

1925
January
February
March
April

103, 209
103, 177
113,615
131,212

69, 736
138, 425
185, 724
160, 913

213, 921
285,015
344, 959
337, 181

140, 676
149, 405
139, 428
85, 732

133, 559
109, 404
80, 661
40, 427

58, 203
49, 502
53, 4G3
112, 345

61, 370
42, 949
43, 658
95, 295

112,834
52, 360
24, 174
82, 056
1,896

4,200
25, 868
444

1917
1918
1919
1920
1921

mo. av
mo av
mo. av
nio. av
mo. av

6,437
29 251
82, 135
15, 985
127, 982

1922
1923
1924
1925

mo.
mo.
mo.
mo.

av
av
av
av

1, 375, 951
1, 069, 692

524
143
879
238

985, 495
1, 013, 754
1, 043, 344
1, 097, 588

1, 243, 743
1, 441, 270
1, 440, 757
1, 568, 406

3, 600, 630
4,151,009
4, 044, 536
4, 264, 830

395
801
963
662

293, 152
288, 670
135, 086
41, 781

970, 791
1, 263, 860
963, 983
903 076

1, 474, 254
1, 951, 178
1, 372, 702
1, 111, 334

4,147,783 |
5, 348, 499
3, 853, 651 j
3,306,724

337,
321,
327,
306,

065
736
109
539

42, 505
37, 914
46, 993
70, 237

1, 090, 436
933, 639
1, 003, 536
1, 002, 497

1, 381, 397
1, 204, 991
1, 289, 597
1, 315, 777

4, 294, 270
3, 631, 819
3, 661, 922
3, 498, 230

365,
274,
239,
342,

541
499
854
809

606
446
702
279

1, 210, 017
963, 748
916, 898
1, 212, 643

1, 589, 201
1, 280, 764
1, 278, 632
1, 770, 836

4, 473, 729
3, 625, 182
3, 524, 909
4, 843, 997

269, 408
353, 498
276, 220
252, 849

188, 326
212, 601
71, 569
39, 366

987, 214
1, 290, 075
981, 134
928, 291

1, 536, 780
2, 050, 896
1, 423, 018
1, 167, 194

4, 147, 885
5, 455, 431
3, 902, 172
3, 474, 887

180, 097 1, 067, 055
123, 056 731, 900
111,221 642, 826
110,207 596, 195

340, 539
319, 508
324, 745
312, 821

48, 562
45, 044
47, 426
90,815

1, 131, 990
976, 499
1, 037, 768
1, 036, 339

1, 437, 677
1, 254, 629
1, 381, 036
1, 444, 199

4, 450, 993
3, 619, 326
3, 694, 916
3, 721, 662

183, 091
145, 061
164, 804
270, 610

136, 158 807, 115
106, OGO 659, 033
105, 180 679, 756
149, 015 1, 023, 439

378, 683
294, 715
258, 104
358, 369

310,
252,
250,
314,

292
282
633
853

1, 267, 788
1, 028, 601
985, 052
1, 297, 018

1, 771, 594
1, 470, 319
1, 444, 305
1, 950, 706

4, 854, 720
3,956,011
3, 887, 834
5, 364, 010

209, 661
231,959
194, 763
205, 507

131, 190
211,635
140, 270
131,223

278,
351,
265,
257,

230,412
248, 490
132, 276
47, 769

1, 046, 228
1, 353, 435
1, 035, 447
974, 893

1, 669, 867
2, 144, 265
1, 527, 727
1, 324, 544

4, 297, 453
5, 537, 408
4, 094, 967
3, 698, 662

142, 874
129, 452
124, 744

747, 394
894, 180
691, 016

247, 322
254, 861
207, 314

161, 868
200, 853
75, 592

51, 579
27, 873 i
1,046
440

204,
189,
214,
191,

397
641
222
683

135,
147,
146,
136,

508
375
087
271

655, 962
851, 753
754, 400
790, 889

243,
312,
305,
311,

001
074
594
756

132,
195,
139,
168,

15, 331
12, 336
1,336
123

200,
246,
194,
181,

995
312
785
722

156,
213,
154,
143,

456
761, 740
368 1, 014, 310
782
745, 350
663 689, 486

290,
370,
286,
235,

226, 064
194, 576
162, 449
147, 360

178, 185 1, 038, 618
131, 507 807, 456
122, 349 709, 889
117, 287
538, 533

151
98
150
248

196,
151,
174,
304,

116
625
033
362

153, 973
120, 162
117,944
152, 244

274
785
133
30

670
1, 656
354
101

269,
338,
219,
187,

073
613
089
308

146, 760 750, 324
205, 762 1, 000, 986
159, 217
771, 887
147, 652 752, 227

61
100
5
None.

4
10
25
15

406
167
60
15

245,
168,
149,
131,

073
690
894
086

323, 624
307, 495
263, 876
162, 397

4
9
4

None.
None.
None.
354

7
18
4
635

140, 842
111,619
136, 790
207, 739

364
153
104
5

153
495
200
87

558
2, 957
357
97

4,598 I
3, 991
364 !
177

703,
596,
576,
805,

275
938
846
824

255,
237,
220,
255,

f

_.

i May
June
July
August

September _ _ .
October
November _ _ _ _ _ _
December.

1926
January
February
March
April

751, 043
917, 508

3, 716, 007
3, 486, 409
3, 759, 873
3, 276, 930

169, 256
153, 585
191, 065

731,
995,
799,
757,

172
910
086
176

923
714
398
550

j

._ _

May
June.

|
:

i
|

•
II

:

II

* Data from the American Railway Association. Daily average for the last period (7 or 8 days) of the month, exclusive of Canadian roads. The association reports the
number of freight cars which are idle (surplus) and also the number of requests for cars which can not be filled (shortage). The difference between these two figures
represents the net freight-car situation for the country as a whole. The car shortages can not ordinarily be filled from the idle cars because of the uneven geographical
distribution of the latter.
2
From reports of the American Railway Association, Car Service Division. These figures are now put on a monthly basis from weekly reports, consisting of exactly four
weeks for each month prior to 1923, except in March, June, September, and December, which cover five weeks each year. Beginning with 1923, the five-week months are
January, May, August, and October.
3 Includes other classes than groups listed.




95

Table 71.—RAILWAY FREIGHT CARS
ON RAILROAD LINES
(end of month) i
YEAR AND MONTH

Total owned

In bad order

Capacity
(millions
oflbs.)

Number

Number

INRESTALL- TIRED
ED
DURDURING
ING
MONTH MONTH
0)
0)

ORDERED
FROM
MFRS.'

Per ct.
of total
in use

142, 790
168, 973
166, 779
318, 880

59
7.0
7.3
13.9

1, 838
7,017
1,945

1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average. --

302, 456
185, 343
188, 012
183, 725

13.3
8.0
8.2
7.9

211, 766
190, 411
189, 014
175, 327

204, 369
209, 082

Total

Domestic

Total

BUILDING IN
11. R.
SHOPS
(end of
Domestic mo.)1

Number of cars

1918 monthly average
1919 monthly average _
1920 monthly overage
1921 monthly average

2, 323, 472
2, 349, 752 ;

UNFILLED
ORDERS
BY MFRS.s

SHIPMENTS
BY MFRS.3

7, 961
11,917
5, 116
3,528

4,392
6,904

15 013
7,873
11,899
6, 527

9.4
9 2
8.3
7.7
6.7
6.6
6.8
6.9

18, 690

3, 899
3,109

128, 103
91,815
48, 851
17, 559

76, 974
55, 630
41, 964
14,380

4,866
12, 233
6,850

4, 749
12, 069
6, 718

68, 015
72, 825
43, 684

64,007
71, 505
42, 155

160
1,706
1, 093
1,401

12, 065
12, 405
11,799
14, 030

11,871
12, 185
11, 747
13, 968

95, 446
84, 114
74, 766
63, 349

94,283
82, 920
73, 569
61, 110

14,411

1,989
792
1, 185
16, 046

13, 282
13, 850
13, 469
12, 296

13, 018
13, 577
13, 333
12, 131

50, 872
37, 668
28, 092
25, 082

49, 874
36, 869
27, 429
24, 573

1,515

5,007

22, 161
51, 250
54, 202
55, 348

2,417
2, 715
2,697
2,739

9,720
9, 752

12, 327
10, 505

3,482
6,833

i

1923
Mav
June
July
\ugust

!

"""

2, 310, 032
2, 310, 570
2,311,405
2, 312, 074

-

161, 569
168, 782
172, 747
179, 275

7.1
7.5
7.6
7.9

15, 589
11,386
9,562
8,718

12, 329
10, 466
8,726
8,026

6,404
19, 537
38, 134
11, 903

5,041
5,070
4, 585
5,058

4,453
5,053

23, 552
52, 678
55, 604
56, 752

202, 606
203, 139
204, 777
205, 690

189, 219
194, 869
202, 864
210, 109

8.3
8.5
8.9
9.2

9,199
10, 909
16, 583
15, 452

9,059
8,347
8,413
8,834

463
412
567
5,054

6, 253
6, 854
9,584
9,411

6, 158
6,813
9, 580
9, 350

50, 920
44, 462
35, 479
33, 535

49, 644
43, 152
34, 092
31, 387

2, 467
2, 269s
4,602
3,618

2, 336, 147
2, 342, 149
2, 342, 479
2, 337, 229

206, 540
207, 366
207, 535
207, 172

206, 044
190, 543
189, 140
190, 979

8.9
8.2
8.2
8.3

15, 455
16, 598
11, 705
6,763

9,337
10, 504
10, 678
11,918

23, 597
12,610
13, 870
10, 240

9,467
8,839
6,382
5,661

9,440
8,449
5,938
5, 365

40, 954
38, 391
45, 369
46, 508

38, 803
36, 560
43, 937
45, 325

3, 045
3, 574
5,159
6,478

2, 341, 109
2, 346, 687
2, 350, 697
2, 353, 956

207, 626
208, 339
208, 908
209, 368

186, 539
185, 047
186, 417
189, 514

8.1
8.0
8.1
8.2

11,768
15, 024
16,007
13, 749

7,867
9,453
12, 067
10, 497

10, 312
5, 388
4,677
5, 525

8,365
10, 335
10, 718
9,352

7,031
9,881
10, 503
9,212

43, 655
38, 046
30, 699
25, 712

42, 848
37, 684
30, 457
25, 224

5, 285
4,878
5,572
8,072

2, 356, 641
2, 359, 040
2, 301, 551
2, 363, 849

209, 804
210, 256
210, 701
211, 102

195, 986
198, 4C8
197, 281
197, 178

8.4
8.5
8.4
8.4

12, 982
12, 191
10, 542
11, 554

8, 658
9, 797
10, 051
9, 259

8,944
777
843
2,816

7,059
7,639
5,040
3,617

7,030

23, 881
18, 353
12, 685
10, 808

23, 316
17, 561
11,835
9, 986

9,042
8,633
8,189
6,440

2, 363, 637
2, 359, 124
2, 353, 454
2, 347, 275

- - --

August
._ .
-

1925
January
February
M arch
April _

-

-

September
October
November
December

_

1926
j anuary
February
March
t\ pril
May
June --

201,288
201, 535
202, 331
202, 448

2, 312, 237
2, 314, 798
2, 322 968
2, 329, 582

--

J U ly

Mav
June
July
.
August

201, 055

151 332
150, 624
155, 626
158, 175

211, 201
210, 922
200, 590
210, 171

179, 571
165, 481
165, 818
157, 405

7.7
7. 1
7. 2
6.8

8, 161
5,097
4,299
4,386

9, 196
9, 616
9,948
10,612

6, 113
5, 556
13, 598
13, 776

5, 405
2,849

12, 148
16, 354

11,412
15, 869

6, 246
7,189
7,123
5,323

_ _ _ _

1924
January
February
M arch
April

Septembe7*
October
November
December

"

2, 307, 997

Sept ember
October
November
December

IVIay
June

"

- -

5,015

7, 623

4,880
3,412
5,319

2,492

i

i
[
i
\
!
'

I

i

j

|i
1

Compiled by the American Railway Association, Car Service Division, covering Class I railroads. Monthly averages for bad-order cars for the years 1913-1917; also
monthly data for 1920 and 1921, appeared in the October, 1923, issue (No. 26), pp. 59 and 60.
2
Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating the 1924 data was 94 per cent. Data for the years 1913
to 1918 from the Iron Trade Review appeared in May, 1924, issue (No. 33), p. 77; though not comparable month by month on account of different methods of compilation,
they indicate the trend from year to year comparable to the above figures.
3
The data on shipments and unfilled orders of manufacturers for railway equipment were obtained from the Interstate Commerce Commission. Monthly data from 1919
appeared in July, 1924, issue (No. 35), p. 55. These figures do not include cars built by the railroads themselves, for which data may be found on p. 114 of February, 1925,
issue (No. 42).




96

Table 72.—RAILWAY PASSENGER CARS AND TRAVEL
PASSENGER CARS

IMMIGRATION AND EMIGRATION

2
Shipments by
Ordered manufacturers 2 Unfilled orders
from
manu1
facturers * Total Domes- Total Domestic
tic

YEAR AND MONTH

Aliens <
Immigrants

Emigrants

|
i
i
i

24

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

Departures

Arrivals

Passports
issued '

Automobiles

Persons

No. of cars

Number of people

Number of cars

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1 1919 monthly average

VISITORS TO
NATIONAL
PARKS

United States
citizens 3

i

115,610
57, 375
21, 557
29,647
12, 747
9,660
20, 613

22, 859
24, 470
13, 387
5,810
5,638
6,718
21, 810

24, 600
23, 238
10, 161
11,208
8,187
6,564
10, 839

30, 069
24, 580
8,954
10, 321
14, 161
27, 909
12, 247

1, 954
1, 693
1,093
1,927
3 135
4, 735
8,163

i
|
|
i
|

70
19

63
11

416
177

346
116

148
20
198
184
213
135

34
75
59
138
93

23
71
46
135
88

783
393
914
1, 452
620

701
345
824
1,430
608

59,047
46, 992
31, 764
62, 587
29, 564
24, 227

21,810
20, 498
9,664
5,884
7, 510
6,807

17, 038
19, 272
24, 296
23, 020
26, 839
30, 550

21, 102
23, 340
24, 209
21, 728
25, 137
28, 569

13, 374
11,474 l
11,463 i
10, 521 j
12,198 1
14, 342

68, 887
74, 966
81,812
113, 062
132, 874
138, 910

7, 230
9,548
10, 025
12, 452
16, 002
16, 766

19S4
January . _ _
February
March,
April
.

38
381
308
170

92
76
138
110

66
76
133
104

644
772
742
679

624
752
727
670

33, 878
29, 901
35, 585
38, 375

5,723
3,706
4,202
5, 394

15, 638
22, 161
25, 146
24, 253

20, 817
24, 197
19, 474
20, 791

7,598 1
6,487
11,943
19, 655

35, 408
38, 792
46, 850
58, 330

1,C06
1,730
1, 942
2,118

May
June.July
August

131
40
194
213

76
102
63
94

67
102
63
94

683
618
635
621

677
605
621
607

32, 985
36, 309
11, 661
23, 290

6,634
6, 831
8,493
8,633

19, 607
21,320
20, 927
44, 791

25, 467
33, 504
43, 812
37, 657

26, 347 !
22, 207
12, 536
8,571

97, 794
210, 196
416, 121
380, 56-8

7,274
32, 330
64, 654
57, 217

September
October
November
December

325
244
279
235

88
96
99
79

87
90
98
79

544
486
502
512

531
479
496
507

27,941
27, 402
29, 345
28, 098

8, 671
8,941
8,605
14, 288

57, 232
31,474
22, 297
17, 219

23, 849
19, 951
14, 741
17, 388

7,659
7,906
7,984
7, 575

197, 655
47, 571
37, 142
28, 399

18, 294
2,585
1,953
927

78
90
111
104 !

88
62
45
56

68
62
45
50

522
518
597
559

516
512
558
526

20, 952
20, 913
26, 619
26, 744

6, 183
4, 087
4,993
5,681

16, 987
23, 186
29, 228
26,011

22, 533
23,211
24, 604
23, 700

8,640
8,816
15, 304
25, 040

38, 292
45, 700
58, 082
66, 476

852
1,267
3,171
2,888

August

22
34
362
9

77
81
82
130

77
81
75
110

500
440
699
578

466
404
651
550

26, 045
25, 304
18, 590
22, 421

8,403
5, 747
8, 784
7,539

22, 540
27, 347
26, 326
49, 922

20, 262
39, 289
66, 136
37, 185

31,985
26, 359
13, 830
9,370

124, 205
252, 589
411,376
384, 501

11, 059
22, 576
77, 723
56, 195

September
October
November
December

37
134
87
547

67
66

58
66

612
569

593
550

26, 721
28, 685
26, 642
21, 089

7,200
7,674
6,555
8,840

68, 500
35, 413
23, 118
18, 027 1

24, 369
24, 227
18, 039
19, 270

8,795
8,012
7,776
8,172

184, 279
36, 524
37, 083
27, 807

17, 361
2,462
3,865
1,767

..

I

1925
January
February
March
April

May.
June _ _

_

July

1926
January
February.. .
March
April

I

9,054
i

|

i:

1

|
May
June
•
1
Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during
the 2
month, and prorated up to the annual totals made from special inquiries. The 1924 data were prorated at 77 per cent.
Figures of car manufacturers obtained from the Interstate Commerce Commission. Monthly data from 1919 appeared in July, 1924, issue (No. 35), p. 55. These figures
do not include cars built by the railroads themselves, for which data may be found on p. 114 of the February, 1925 (No. 42), issue.
3 Arrivals and departures of aliens and United States citizens reported by U. S. Department of Labor, Burtau of Immigration. Aliens admitted and departed do not
include nonimmigrants, as formerly reported in this bulletin.
4
Passports issued, from U. S. Department of State, Division of Passport Control, excludes passports issued to Government officials.
5
Visitors to national parks from Department of Interior as reported by superintendents of the following 15 parks: Grand Canyon and Casa Grande, Ariz, (the latter a
monument rather than a park); Hot Springs, Ark.; General Grant, Sequoia, and Yosemite, Calif.; Rocky Mountain, Colo.; Glacier, Mont.; Platt, Okla.; Crater Lake, Oreg.;
Wind Cave, S. Dak.; Zion, Utah; Mount Rainier, Wash.; Yellowstone, Wyo.; and Mount McKinley, Alaska. Vehicles are not reported by Platt, Hot Springs, Wind




97

Table 73.—PUBLIC UTILITIES
TELEPHONE
COMPANIES i

Total
operating
revenues

YEAR AND
MONTH

Net
operating
income

TELEGRAPH
COMPANIES i
TeleCom- graph
and
Opermercable ating
cial
tele- operat- ingraph
ing
come
revetolls
nue

GAS AND
ELECTRIC
COMPANIES 2

Energy produced 4
Gross
earnings

Net
earnings

Gross
revenue
sales 3

Total

Thousands of dollars
1913 monthly av
1914 monthly av__
1915 monthly av_.
1916 monthly av__
1917 monthly av._
1918 monthly av
1919 monthly av__

$13, 132
13, 722
14, 527
16, 452
18, 700
20, 225
24, 635

$3, 710
3,709
4,139
4,785
4,700
4,649
5,104

$5, 898
6,287
7,596

$7, 674
8,477
10, 095

$1,711
1,282
1,636

1920 monthly av__
1921 monthly av_.
1922 monthly av__
1923 monthly av._
1924 monthly av_.
1925 monthly av

30, 320
36, 265
40, 204
44, 106
48, 412

5,415
7,573
8,882
10, 015
10, 555

9,113
8,043
8,435
9,027
9,085

11,698
10, 371
10, 608
11, 153
11, 210

1,438
1,265
1,697
1,583
1,548

1924
May
June
July
August

48, 217
47, 546
47, 656
49, 936

10, 269
10, 006
8,346
10, 137

8,874
8,808
8,910
9,212

11, 083
10, 992
11, 160
11, 435

September
October _
November
December

49, 105
50, 931
50, 061
52, 145

11, 443
12, 748
12, 099
12, 131

9,542
9,940
8,776
9,999

1935
January
February
March
April

52, 023
49, 890
52, 762
52, 945

12, 492
11, 782
12, 852
13, 230

May
June
July
August

53, 119
53, 946
53,815
54, 623
54, 955
57, 925
56, 826

September
October
November

...
.

T)enp,mbp.r

ELECTRIC
RAILWAYS

ELECTRIC POWER STATIONS

By

water
power

By

fuels

Passengers carried5

In
In
mfg.
central plants, 80 comstastreet
panies
tions
rys.,
etc.

Millions of kilowatt hours

$35, 874 $14, 128
37, 581
14, 817
38, 629
15, 057
42, 275
16, 367
46, 534
16, 001
51, 564
15, 250
58, 981
16, 159

$26, 017
28, 067
30, 100
35, 458
44, 925
55, 442
60, 083

71, 095
71, 599
77, 587
84, 188
88, 485

17, 762
20, 571
22, 951
25, 351
26, 866

1,498
1,459
1,380
1,586

87, 448
84, 006
81, 164
80, 408

11, 861
12, 389
10, 053
12, 285

1,879
1,993
1,478
1,811

9,392
8,820
9,821
9,684

11, 593
10, 869
12, 071
11, 861

12, 187
12, 613
11,815
12, 461

9,652
10, 452
10, 448
10, 780

13, 373
15, 034
14, 327

11, 306
11, 678
10, 395

212 companies

Thousands of persons

3,243

1,217

2,026

73, 575
81, 066
90, 825
105, 796
112, 969

3,630
3,439
3,975
4,661
4,916
5,467

1,346
1,245
1,438
1,635
1,668
1,860

2,284
2,194
2,538
3,027
3,251
3,607

3,331
3,106
3,634
4,283
4,537

336
333
342
379
383

382, 485
357, 896
358, 561
370, 274
368, 535

26, 796
25, 261
21, 706
20, 754

108, 400
103, 700
99, 100
100, 400

4,794
4,554
4,613
4,735

1,950
1,706
1,603
1,518

2,844
2,848
3,010
3,218

4,422
4,203
4,256
4,382

372
351
357
353

383, 145
355, 657
349, 747
347, 472

814, 059
765, 009
756, 704
744, 760

84, 525
91, 159
91, 672
100, 105

24, 556
27, 434
29,583
33, 527

103, 200
111, 200
120, 200
131, 700

4,803
5,193
5,065
5,537

1,493
1,632
1,559
1,749

3,311
3,560
3,492
3,788

4,454
4,823
4,692
5,102

349
370
373
435

349, 005
369, 908
351, 864
384, 811

746, 555
791, 435
756, 741
829, 842

1,596
1,340
1,816
1,657

101, 658
93, 308
95, 473
93, 493

33, 514
30, 689
31, 418
30, 435

135, 800
124, 800
119, 000
116, 800

5,572
4,982
5,364
5,152

1,695
1,741
2,040
2,022

3,877
3,241
3,324
3,130

5,122
4,598
4,964
4,778

450
384
400
374

382, 107
346, 073
374, 913
363, 946

817, 538
745, 221
812, 708
787, 765

11, 966
12, 808
12, 868
13, 186

1,646
1,967
1,755
1,907

92, 648
86, 120
89, 220
89, 343

29,830
29, 189
26, 274
25, 965

111, 576
109, 400
108,900
111, 500

5,189
5,203
5,346
5,463

2,025
1,845
1,870
1,768

3,164
3,358
3,476
3,695

4,812
4,829
4,967
5,086

377
374
379
377

366, 655

797, 044
769, 618
753, 359
752, 417

13, 784
14, 408
12, 810

2,211
2,342
1,660

90, 855
98, 936

28,977
32, 900

117, 200
128, 800

5,490
5,948
5,787
6,108

1,607
1,801
1,946
1,962

3,883
4,147
3,840
4.146

5,125
5,534
5,377

365
398
395

784, 893
787, 831

750, 209
811, 236
779, 691
841, 910

1926
January..
February
March
April
May
June
1
Telephone earnings are the combined reports of 13 largest telephone companies, comprising about 83 per cent of the total operating revenues of telephone companies with
annual operating revenues over $250,000, and telegraph earnings are the combined reports of the Western Union and Postal Telegraph Cos., as reported to the Interstate
Commerce Commission.
2
Gas and electric earnings are the combined reports to the U. S. Department of Commerce, Bureau of the Census, of 78 companies or systems operating gas, electric light,
heat, power, and traction services and comprising most of the large companies in the United States. Gross earnings are in general the gross operating revenues, while net
earnings in general represent the gross, less operating expenses and taxes; but owing to a lack of uniformity in the accounts of individual companies, it has not been possible
to secure these actual items for each company, and in such cases the nearest comparable figures have been taken. Also in some cases the figures for prior years do not cover
exactly the same subsidiaries owing to acquisitions, consolidations, etc., but these differences are not believed to be great in the aggregate.
3
Gross revenue received from the sale of electrical energy as reported by the Electrical World represents the total receipts from the sale of electricity by companies with
about 83 per cent of the installed generator rating of the country, computed to 100 per cent of the industry on the basis of the percentage which the reporting companies
bear to the installed central-station rating of the country. Companies reporting sales are not identical with those reporting energy produced. These figures cover light and
power companies only, excluding electric railways which do not sell their current. Monthly data from 1913 appeared in the July, 1923, issue of the SURVEY (No. 20), p. 45.
4
Production of electric power by central stations from V. S. Department of the Interior, Geological Survey. Production in central stations up to January, 1925, was segregated by the U. S. Department of Commerce, Bureau of the Census^ from the original records of reporting firms on file with the Geological Survey, from that produced in

.
, . .
fi
Data compiled by the American Electric Railway Association from reports, respectively, of 80 identical companies which in 1922 carried 34 per cent of the total electricrailway passenger traffic according to the census of electrical industries of that year, and of 212 companies operating 24,187 miles of revenue single track and 3,090 miles of
bus routes and carrying about 68 per cent of the total revenue passengers carried by electric railways.


70396°—26 --- 7


98

Table 74.—EMPLOYMENT—INDUSTRIAL, RAILWAY, MINING, AND FEDERAL
[Index numbers for base year in boldfaced type]
INDUSTRIAL 1

RAILWAYS 3

U.S.
GOVT.,
ANWASHEm- Aver- THRAINGCITE
ploy- age
Miscel- ees on hour- MINES* TON
(civillanely
ian) 7
ous
wage
1
industries Thous- DolNumber employed
sands
lars

1

Total

n

YEAR AND MONTH

groups

Iron Lum- LeathTexChem- Stone, Nonand
per
tiles
steel
and er and Paper icals clay,
ferand
its fin- and
and
and
and
its
rous
their their man- ished print- other glass metprod- prod- ufac- prodprod- prod- als »
ing
ucts
ucts
ucts
ucts
ture
ucts
l

Food
and
kindred
products

VehiTocles
bacco
for
man- land
ufac- transture portation

?sr

INDEX NUMBERS RELATIVE TO 1923

||

2

1914 mo. av
1915 mo. av
_.
1916 mo. av
1917 mo. av
1918 mo. av.. .
1919 mo. av
1920 mo av
1921 mo. av
1922 mo. av
1923 mo. av...
1924 mo. av
1925 mo. av

NUMERICAL DATA

95
97
110
115
114
108

1

!

i

!

:

i

j

1, 647 $0. 276
1,733
. 313
1,842
463
1, 913
557

i

•

i

110
85
88
100
90
91

100
96
91

100
88
89

100
86
87

100

100
91
92

1.0O
100
101

100
92
94

100

95
93

97
94

100
90
97

100
94
92

100
89
91

100
81
92

95
97
96
95

98
99
97
93

96
97
96
91

93
94
95
94

95
97
97
98

97
97
97
92

102
101
101
101

97
99
103
101

94
95
99
102

96
101
102
100

96
97
95
92

96
96
96
95

91
88
85
85

92
94
94
95

88
84
79
81

89
85
80
79

97
95
93
93

88
83
83
87

100
99
98
98

92
85
84
84

102
99
94
96

97
91
85
84

92
92
93
93

87
88
88
89

97
97
95
96

84
86
86
88

80
81
82
85

93
94
93
93

91
92
91
91

100
101
101
102

88
89
89
90

95
95
95
94

85
89
90
93

1925
January
February
March
April

90
92
92
92

93
93
90
87

90
92
92
91

86
88
89
88

92
93
93
94

92
95
95
92

101
101
102
101

91
92
99
102

90
92
96
100

May
June
July
August _„

91
90
89
90

87
89
89
90

89
88
86
87

87
87
85
85

93
94
93
93

90
86
89
93

100
99
99
99

89
87
89
91

91
92
93
93

92
P5
94
93

87
90
90
90

86
87
89
90

94
94
93
92

95
95
92
89

100
102
103
104

97
98
98
98

1924
January
February
March
April

.

.

May
June
July
August.
September
October
November
December..

....

__
|

,

September
October
November
December

•

1936
January
February
March
April

'

1

667
.665
.618
.615
.628

95
97
96
94

1, 750
1,753
1,760
1,787

90
85
84
84

88
85
82
80

95
88
97
96

84
85
84
85

94
96
97
96

92
93
94
86

100
101
97
99

96
96
95
96

100
101
100
98

96
98
100
102

5 156, 008
6 152, 874
153 873
153, 383
i°152 419

92, 237
80, 838
71,061
66, 214
64, 755
63, 703

.625 i
.638
.626
.621

156, 232
155, 938
155, 075
151,016

64, 946
64, 844
64, 680
64 ,"31

1,793
1,771
1, 773
1,789

.619
.625
.623
.625

153, 008
153, 482
153, 333
150, 048

64, 614
64, 120
64, 437
64, 489

82
84
85
87

1, 801
1, 823
1, 789
1, 737

.633
.622
.638
.638

153, 030
154, 076
154, 985
145, 370

64, 638
64, 794
64, 740
68, 079

86
87
90
92

90
92
93
94

1,728
1,725
1,722
1,746

.639
.653
.622
.618

155, 463
153, 782
149, 215
151, 220

65, 938
65, 505
64, 884
65, 037

92
91
91
90

92
90
90
91

93
91
91
90

1, 767
1,782
1,796
1.800

.620
.628
.668
. 633

153, 282
151, 807
152, 149

64.611
63, 756
63, 837
! 63,054

92
95
95
95

92
95
94
93

90
89
91
94

1,804
1 817
1,789

.638
. 632
.647

i

i

i

1

62, 519
62, 039
61, 753
61,509

i
i!
|

!

!

May
June

2 013
1 061
1,645
1,880
1, 769

* G'J. 070

i

j-

h

i

'

!

.

1

1

!

•

i

!

!

|i

i

Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represent weighted indexes based upon the number of wage earners in the respective
industries in 1919. The original data are taken from the pay roll nearest to the middle of the month as reported by more than 9,000 firms, employing almost 3,000,000
workers. Details of this table, together with the method of construction, may be found in the April, 1924, Monthly Labor Review, pp. 129-132, while current details are
given monthly in Employment in Selected Industries as issued by the Bureau of Labor Statistics.
2
Average for last 7 months of year; earlier data not available.
3
Compiled from reports of Class I carriers and 15 switching and terminal companies to the Interstate Commerce Commission. The computation of average wages exclude
the officials included in total on pay roll. Monthly data from 1920 given in January, 1923, issue (No. 17), page 51.
4
Compiled by the Anthracite Bureau of Information, and includes miners, miners' laborers, inside and outside company men, and all other employees at collieries. These
classes are shown separately in the association's report.
8
Average of last three months of the year.
6
Average of 6 months; data for the 6-month period, March to September, not available on account of strike.
? Compiled by the U. S. Civil Service Commission, giving number of civilian employees carried on rolls at end of each month. Details by departments, with data on
additions and separations, are given in the monthly reports.
8
Nine months' average, April to December, inclusive.
8
Includes stamped and enameled ware and brass, bronze, and copper products.
10
Average for first seven months of year; later data not available on account of shut down of mines.




99

Table 75.—FACTORY EMPLOYMENT, BY STATES AND CITIES
[Base year in bold-faced type]

MasNew
sachu- York 2
setts i

YEAR AND MONTH

Relative to
1914

Relative to 1923

Illinois 4

Wisconsin s

Rel. to
1922

Penn- Dela3
sylvania ' ware

New
Jersey 3

Rel. to
19157

Detroit 6

New
York 2

Rel. to Rel. to
1914
1920

New Penn- Dela- WisconJersylseys vania ware 3 sin «

Detroit e

Rel. to
19157

Relative to 1923

Number

100.O

10O

98.3
112.5
116. 8
118.5
117 6

103
121
126
128
120

114. 7
1920 monthly av
1921 monthly av
95. 4
1922 monthly av . . . . 101. 0
1923 monthly a v
106. 6
90.3
1924 monthly av
91. 1
1925 monthly av

124
97
105
116
106
105

100
90
88

100

100

89
91

1934
January
February
March
April

97. 2
97 2
96.7
92.3

112
113
113
110

95
95
95
93

88.3
85.7
82.0
84. 5

105
102
98
99

87. 2
90.4
90.8
91.3

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

May
June
July
August

September
October
November
December

September
October
November
December
1936
January
February
March
April
May
June
^vj-aj

.._ _ ._

7

New York
State 2
Thous. of
dollars

Thousands

NUMERICAL DATA

RELATIVE NUMBERS

1914 monthly av
J 915 monthly av
1916 monthly av
1917 monthly av
1918 monthly «iv
1919 monthly av

TOTAL
PAY
ROLL

EMPLOYEES
ON PAY ROLL

TOTAL PAY ROLLS

EMPLOYEES ON PAY ROLL

478
494
579
604
614
573

100

105

7

107
141
166
210
227

128
136
140
136

!

113
160
198
258
284

177,
97,
161,
218,
203,
230,

342
191
210
270

533
845
269
713
666
251

5,843
6,377
8,366
9, 892
12, 481
13, 490

594
464
500
553
504
50!

16, 711
11,943
12, 524
15, 074
13, 967
14, 159

_ .
-

.

.
... _.

100
55
91
124
114
130

94
95
95
94

78
83
84
84

105.9
108.2
108.2
106.9

114. 5
123.4
125.5
122. 5

135
136
134
130

250
252
256
245

94
96
96
93

91
96
95
94

81
85
89
93

253.9
283.6
288.7
276,3

239, 503
241, 134
240, 586
231, 617

535
540
542
524

14, 874
14, 978
15, 259
14, 530

91
88
84
85

90
86
82
83

81
77
78
76

104. 2
100.7
96.2
96.5

116.1
111.4
115.5
115.0

116
111
111
112

233
224
214
217

91
88
81
82

88
80
72
77

85
78
76
79

266. 1
243.2
236. 6
250. 3

213,
201,
197,
194,

589
701
462
490

503
489
470
471

13,847
13, 317
12, 741
12, 905

102
104
104
104

87
88
88
89

85
87
87
89

75
76
78
79

97.1
96.1
95.7
97.6

113.6
114.8
116.2
116.4

111
110
111
54

231
229
231
237

86
86
88
90

79
83
83
90

77
80
78
89

248. 3
262.2
263. 2
267.1

196, 962
194, 845
197, 075
95, 024

489
495
495
499

13, 715
13, 632
13,700
14, 101

92.6
93.9
93.6
92.4

-.- _

79
81

100
110
101
98

135
94
107
124
117
122

104
106
107
105

88
87
87
87

90
92
92
91

82
83
83
81

98.5
100.0
98.9
97.9

117. 5
119.6
120.1
120. 1

117
119
127
133

236
238
245
234

86
87
88
86

88
91
91
88

88
87
87
84

263. 9
280.8
279.1
280. 5

207, 561
211,491
225, 626
236, 557

497
505
511
502

14, 048
14, 133
14, 532
13,881

90.3
87.6
86.5
88.3

104
103
102
102

86
85
84
86

90
90
90
89

82
82
80
76

96.9
96.5
95.3
95. 5

121. 1
122. 3
128. 3
124. 1

133
135
137
137

234
231
229
| 231

90
87
84
88

88
85
81
84

86
84
79

289. 4
284.8
286. 2
295. 3

236, 686
240, 406
242, 515
|

244, 002

495
491
486
487

13, 891
13, 717
13, 589
13, 722

89.9
92 2
93. 1
92.7

105
107
107
108

91
92
93
95

90
92
92
93

79
78
78
82

97.8
98.6
99.3
99.8

123.9
123.3
122. 6
123.7

145
150
149
73

238
245
247
252

89
95
96
100

83
90
88
92

78
82
84
89

286. 7
297. 6
288. 1
291.3

257, 894
| 266, 947
j 264, 221
129,104

500
510
513
516

14, 150
14, 559
14, 700
14, 983

281
201
211
254
235
238

100

100
89
90

100
83
84

86
87

j

;

-

!

""'

j
_-

262
285

I

||
1"""

261,602

::::::::;::::::::::::::••• """

!
!

I

s Compiled by the Federal Reserve Bank of Philadelphia from reports of about 1,000 plants each month in the States of New Jersey, Pennsylvania, and Delaware.
4
Data on Illinois represent reports by about 1,400 manufacturing establishments, employing about 400,000 people, to the Illinois Department of Labor. Figures on
employees are based upon the number on the pay roll nearest the 15th of the month.
<s Data compiled by Industrial Commission of Wisconsin. Prior to June, 1923, this index was based on identical manufacturing establishments employing about 80,000
people; thereafter on link relatives from reports of manufacturing, logging, and agricultural firms.
6 Data on Detroit employment from the Employers' Association of Detroit, covering about two-thirds of the working population of that city. Figures for the last week
of the month are given here.
• Relative to first quarter of 1915.




100

Table 76.—WAGES AND EMPLOYMENT AGENCIES
WAGES OF COMMON LABOH BY GEOGRAPHIC DIVISIONS *

U.S.
average

YEAR AND
MONTH

New
England

East West East West
Middle Sooth South South North North Moun- PaAtlan- Atlan- CenCenCentain
Cencific
tic
tic
tral
tral
tral
tral

U.S.
FARM
STEEL WAGES
CORP. (withWAGE
out
RATES board) 3
(2)
Dollars
per mo.

Cents per hour

EMPLOYMENT AGENCIES «

East- Cen- South- Western
ern
tral
ern
States States States States

U.S.
average

Number of applicants per 100 jobs

!

1913
1914
1915
1916
1917
1918
1919

monthly av .
monthly av monthly av__
monthly av__
monthly av_ .
monthly av_ .
monthly av_.

20
23
28
36
41

20
25
31
39
41

20
24
30
38
41

1920 monthly av_ _
1921 monthly av_ .
1922 monthly av_.
1923 monthly av__
1924monthlyav_.
1925monthlyav_.

49
36
32
38
38
38

. 49
38
39
51
50
46

1934
January
February _
March
April

38
38
41
39

May
June
July
August

j
14
IS
21
27
32

12
13
17
93
28

16
17
21
28
36

21
24
29
39
43

25
28
34
45
53

26
29
36
44
47

26
28
36
45
52

19
20
20
23
30
37
42

50
35
36
45
45
45

37
26
21
25
28
27

32
25
20
22
24
25

40
28
24
25
27
27

53
35
31
39
40
37

62
45
31
34
36
38

55
46
37
42
41
44

60
50
48
54
52
52

44
39
33
42
50
50

52
53
60
52

47
48
55
48

27
27
33
27

23
23
22
25

25
24
29
26

40
41
43
41

35
33
36
35

45
39
37
41

52
51
50
53

50
50
50
50

38
39
38
38

51
51
51
47

4-7
47
43
42

27
30
28
28

25
25
24
25

26
27
26
28

41
38
39
39

36
35
36
39

41
45
41
40

51
55
53
53

50
50
50
50

September
October
November
December

39
38
38
37

48
47
46
47

41
41
41
43

29
30
28
27

24
24
25
23

28
27
28
27

43
40
41
39

39
38
37
37

43
42
41
41

52
53
52
52

50
50
50
50

1935
January
February
March
April

36
38
38
38

44
45
48
47

52
46
44
46

22
23
25
29

21
26
24
23

28
29
28
27

34
41
36
37

36
39
41
37

39
39
43
42

52
51
53
53

50
50
50
50

M!ay
June
July
August

38
38
38
38

46
46
47
47

42
42
43
42

28
29
28
28

26
26
25
25

24
25
26
25

37
38
36
38

38
38
35
38

45
47
48
44

52
53
52
52

50
50
50
50

September
October
November
December

38
38
38
38

46
46
46
48

44
46
45
48

30
25
27
27

25
25
25
25"

26
28
29
25

38
36
36
37

38
37
37
38

45
46
46
43

53
53
52
51

50
50
50
50

:
;

65.05
43. 58
42. 09
46.74
47.22
47.88

i

$30. 21
29. 72
29. 97
32.58
40. 19
49.13
56.77

47.38

48. 02

48.46
45.04

47.40

48.55

48.99
46/56

i

|!
* 173 | * 131
106
127
105 \
100
143
127
122
140

4

235
146
131
180
175

* 164
125
109
130
122

*95
70
60
69
64

145
132
125
109

195
177
170
153

158
138
136
119

83
72
73
68

120
142
143
125

181
211
200
175

119
131
134
131

58
69
82
67

126
129
141
152

116
112
122
131

164
165
174
195

111
122
127
138

57
59
71
66

174
163
145
124

142
139
126
111

232
222
189
152

147
132
134
120

70
57
65
63

129
155
140
131

124
118
132
123

162
180
177
167

122
122
136
127

59
59
71
65

105
144
127
146

87
113
119
126

137
144
149
190

89
93
119
120

59
59
66
70

161
145
139
126
136
157
159
169

,

1936
January
February
March
April

June
i

1 Compiled by the U. S. Department of Agriculture, Bureau of Public Roads. The current data beginning January, 1922, are compiled directly from Federal aid project
reports. Earlier data included reports on farm labor or other forms of common labor closely correlated as reported to the Department of Agriculture and the Department
of Labor.
2 Average rates in the Pittsburgh district reported by the United States Steel Corporation; rates apply to 10-hour day except for the period Oct. 1, 1918, to July 16,
1921, during which period the rates applied to a basic 8-hour day with time and a half for overtime, and beginning Aug. 16. 1923, when they applied to an 8-hour day, the
10-hour workers amounting to only 30 per cent of the total.
3 Average rates paid to farm labor as reported by crop reporters to the U. S. Department of Agriculture, Bureau of Agricultural Economics. Data by sections of the
country are shown in the detailed reports published in Crops and Markets.
4
Six months' average June to December, inclusive.
6
Compiled from weekly reports to the U. S. Department of Labor, Employment Service, showing the number of workers and jobs registered at State and municipal
employment agencies. Eastern States included in the report are Connecticut, District of Columbia, Massachusetts, New Jersey, New York, and Rhode Island (Delaware
Maryland, and Pennsylvania, now reporting, are excluded to show true comparison). Central States are Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri,
Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Southern States include Alabama, Arkansas, Georgia, Kentucky, North Carolina, Oklahoma, Texas,
and Virginia. Western States include Arizona, California, Colorado, Idaho, Oregon, and Washington; Montana is included beginning with March, 1922, its figures being
so small as not to affect the total.




101

Table 77.—WEEKLY EARNINGS OF FACTORY LABOR
[Base year in bold-faced type]
U. S. TOTALS, 23 INDUSTRIES 1

Men
Grand
total

YEAR AND
MONTH

UnTotal Skilled skilled

U. S. TOTALS, 23 INDUSTRIES 1

BY STATES

Wo- Mas- New New Penn- Dela- IlliJer- sylmen sachu- York « sey 7 vania 7 ware 7 nois 8
setts 8

Relative to July, 1914

Relative to 1914

Relative to 1923

Wisconsin o

Men
Grand
total

Total

Rel. to Rel. to
1922
1915

1920mo.av__
1921 mo av
1922 mo. av__
1923 mo. av__
1924mo.av__
1925 mo. av

4

100

4

100

4

100

4

100

4

100

Women

Dollars
NUMERICAL DATA

RELATIVE NUMBERS
1914mo.av__
1915 mo av
1916 mo. av
191 7 mo. av_
1918 mo. av_.
1919 mo. av

UnSkilled skilled

4

4

1OO.O
103.2
116.6
134.7
167.8
190.8

1OO
103
116
131
188
188

1010O
110
112

254
202
196
218
223

2 29. 51
23.57
3 24. 06
26.25
26.27

2 31. 72
25.05
3
25. 69
28.27
28.31

4

$10. 71

4

$7. 84

$12. 48
12.85
14.43
16.37
23.50
23.50

2 33. 31
26.55
3 27. 42
30.12
30.04

2 27. 11
20.48
3 20. 53
22.61
22.86

2 18. 27
16.07
3 15. 99
17.46
16.89

28.15
25.72
25.04
27.23
27.68
28.29

4

"106
125
146
186
209

2235
188
3192
209
209

2238
188
3193
213
213

2235
188
U94
213
212

2253
191
3192
211
213

2233
205
204
223
215

227.6
196.8
196.6
223.8
210.8
187.3

226
206
201
218
222
227

1924
May__
June
July
August

208
203
200
201

211
214
204
204

210
213
202
203

212
214
205
205

214
203
201
205

216.4
213.5
214.2
211.4

September -October
November _ _
December— .

207
211
211
214

211
214
213
217

210
213
218
216

211
211
213
215

218
221
220
219

1935
January
February
March
April

216
216
217
215

220
221
221
220

217
219
220
218

224
222
223
222

May
June
July
August

215
211
210
210

222
218
215
216

220
216
214
214

September _ _
October
November. _
December

215
216
216

221
222
221

218
220
219

NEW
YORK
STATE
(fl)

$13. 54

$13. 30

$14. 16

100

100

100

100
101

98
99

102
101

217
218
217
220

101
101
97
98

100
95
89
94

103
99
95
101

112.0
110.9
108.0
109.1

229.5
218.5
204.9
217.6

26.10
25.44
25.12
25.18

28.11
28.52
27.07
27.14

29.75
30.19
28.62
28.68

22.75
22.94
21. 95
21.94

16.74
15.95
15.76
1 16. 04

27.54
27.21
27.12
27.40

192.4
208.9
188.0
190.1

225
221
222
226

100
99
101
101

94
97
97
103

100
103
97
110

110.1
112.0
111.8
114.8

218.2
227.8
226.2
229.1

25.98
26.45
26.41
26.85

28.11
28.44
28.37
28.90

29.76
30.21
30.84
30.65

22.56
22.60
22.84
23.08

17.11
17.36
17.21
17.18

28.03
27.53
27.66
28.26

227
226
225
222

189.5
189.1
188.9
184.5

227
224
228
222

98
101
101
98

99
101
101
99

104
102
102
101

111.9
113.9
112.1
113.2

224.0
234.1
231.7
232.9

27.09
27.12
27.19
27.01

29.20
29.35
29.45
29.25

30.75
30.96
31.09
30.85

24.02
23.81
23.86
23.75

17.79
17.70
17.62
17.44

28.29
27.97
28.45
27.67

221
217
214
217

223
216
213
215

185.4
182.9
187.3
187.9

225
224
224
228

104
102
101
103

100
97
94
97

102
100
97
99

113.0
113.8
110.9
112.9

238.4
232.4
222.6
237.3

27.02
26.49
26.31
26.37

29.50
28.98
28.61
28.73

31.19
30.65
30.26
30.30

23.66
23.19
22.92
23. 23

17.50
16.95
16.70
16.87

28.07
27.94
27.98
28.46

219
221
222

217
218
219

186.5
189.9
187.8
187.8

227
229
230
233

98
103
103
105

95
101
99
103

96
102
104
104

107.6
115.3
115.2

231.1
241.0
234.7

26.94
27.12
27.13

29.27
29.51
29.43

30.89
31.20
31.08

23.48
23.66
23.79

17.00
17.13
17.15

28.32
28.57
28.67
29.05

1926
January
February
March
April
May
June
1
Compiled by the National Industrial Conference Board from reports from 1,678 manufacturing plants employing 506,315 people in January, 1921, and representing 23
industries. The nominal hours per week represent the weighted number of hours the plants are supposed normally to operate, while the actual hours represent the average man-hours worked each week. The grand total weekly earnings are compiled by weighting the average earnings in each industry by the number of wage earners employed as reported by the census of manufacturers of 1919, but as it was impossible to obtain the necessary weighting factors for the classes of labor, the latter averages,
are unweighted; hence, the relative number for the grand total sometimes is lower than the relative number of any class, owing to the different methods of computation
2
Average of last seven months of the year.
3

Average of last six months of the year.
July, 1914.
Data from Massachusetts Department of Labor and Industries, Division of Statisics. Yearly figures through 1922 are based on identical plants as secured by a yearly
census. Data for 1923, 1924, and 1925 are connected to the series by the chain relative method, representing at least 40 per cent of the firms included in the yearly figures.
These will later be revised by a complete census and subsequent data will be added by the chain relative method.
6
Figures represent reports from 1,648 firms in New York State employing more than one-third of the factory workers of the State, as reported by the New York State
Department of Labor. The 1914 average upon which the index numbers are calculated is an average of the 7 months, June to December, 1914, inclusive. As originally
published by the New York Department of Labor, the index numbers are based on June, 1914, and have been recalculated to the 7-month average.
7
Compiled by the Federal Reserve Bank of Philadelphia from reports of about 1,000 plants each month in the States of New Jersey, Pennsylvania, and Delaware.
8
Compiled by Illinois Department of Labor from reports of about 1,400 manufacturing establishments, employing about 400,000 people, taken from the pay roll nearest
the 15th of the month. The index on earnings is relative to the last six months of 1922.
9
Data compiled by Industrial Commission of Wisconsin. Prior to June, 1923, this index was based on identical manufacturing establishments employing about 80,000
people; thereafter on link relatives from reports of manufacturing, logging, and agricultural firms.
10
Relative to last six months of 1922.
11
Relative to first quarter of 1915.


4
5

102
Table 78.—PAY ROLL AND HOURS IN INDUSTRIAL ESTABLISHMENTS
PAY-ROLL INDEXES

YEAR AND MONTH

Total,i
12
groups

VehiLum- Leather
Chem- Stone,
ber
MiscelTocles
and
Paper
icals
clay,
Nonand
bacco
for
laneits finand
and
and ferrous manu- land
its
ous
other
ished
glass
manu- prod- print- prod- prod- Metals « facindustransing
facture
porta- tries
ucts
ucts
ucts
tion
ture

Iron
and
steel
and
their
products

Textiles
and
their
products

Food
and
kindred
products

AVERAGE
WEEKLY
HOURS 2

Nominal

Actual

NUMERICAL
DATA

INDEX NUMBERS REL ATIVE TO 1923
|

1914, July
1920 monthly average.
1921 monthly average
1922 monthly average.
1923 monthly aver age .
1924 monthly average1925 monthly average -

55. 0.
3 50. 0
49.7
4
50. 0
49.9
49.7

1

51.5

348.7
4

45.5
49. 2
49.2
46.8

100
91
94

100

100

100

87
90

87
91

100
97
98

100
88
89

100

98
94

102
105

100
93
96

100
1C1
103

100
92
98

100
96
93

100
88
94

May
June _
July...
August

105
105
101
99

97
100
101
99

105
102
99
98

106
108
100
102

102
105
104
104

104
99
94
97

102
101
100
97

103
101
103
99

105
106
100
103

109
107
102
96

98
100
97
87

104
104
100
103

112 |
110
99
91

50.2
50.2
49.9
49.9

49.8
49.5
49.5
48.7

Septembor
October
November
December

100
102
101
99

104
106
107
105

98
99
94
96

102
104
101
99

104
105
106
103

97
97
94
96

99
102
102
104

102
103
99
99

104
106
105
102

94
94
94
97

97
104
104
106

100
107
105
98

95
95
100
96

49.5
49.6
49.5
49.7

48.0
48.3
48.2
48.1

95
99
99
97

99
100
99
95

97
101
97
90

93
98
100
98

94
100
101
102

96
97
96
88

103
104
104
104

95
97
101
100

97
101
105
109

95
103
105
101

100
99
98
90

87
97
97
97

96
101
99
99

49.6
49.0
50.1
49.9

48.5
48.3
47.8
47.4

96
98
98
96

83
79
72
78

91
82
73
76

101
99
92
93

83
79
78
87

103
101
97
97

94
89
86
87

108
106
94
98

95
87
78
80

92
95
93
93

91
84
77
81

95
86
84
82

49.9
49.9
49.6
49.5

46.6
45.4
44.8
45.2

49.6
49.6
49.7
49.8

46.4
47.1
47.1
47. 1

100
91
95 |

1923

1924
January
February
March.
ADril...

._

i

May
June _
July..-..
August

92 j
87
81
84

September _
October
November
December

86
89
88
92

100
97
97
100

84
87
83
90

77
81
82
88

96
98
96
97

91
92
85
88

101
103
103
106

89
90
92
92

98
101
99
100

84
87
90
96

97
88
100
103

82
87
84
86

85
84
87
90

1925
January
February
March
April . .

90
95
97
94

96
95
93
88

92
96
97
91

90
93
94
91

90
96
98
97

92
96
96
88

105
104
106
104

91
94
100
99

92
98
102
105

95
98
100
95

96
89
90
76

79
92
96
97

91
96
98
97

49.8
49.9
49.9
49.9

48.5
48.6
48.6
48.2

May__.
June
July
August _ .

94
92
90
91

90
93
93
93

88
85
85
87

92
89
85
87

98
100
97
97

87
82
85
94

104
103
101
102

94
91
92
94

107
106
99
105

98
97
94
98

93
92
91
92

97
93
90
90

99
93
91
93

50.1
49.8
49.8
50. 1

48. 1
47.4
47.5
47.5

90
96
96
97

93
98
97
97

83
90
90
90

85
92
93
97

100
102
101
100

91
92
85
84

103
108
110
113

96
100
101
101

103
109
109
106

93
99
102
106

92 i
99
101
101

91

100
101
97

91
93
93
99

50.0
50.0
49.7

48.3
48.3
48.5

...

September.-October
November
! December

1936
January
February
March
April
May
June

1

'

|

'

I

|
|

II
ii

1
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represent weighted indexes of the amount of the pay roll at the date nearest the middle
of each month, for 52 industries combined into 12 groups as above. The groups are weighted in accordance with the aggregate earnings of the respective industries in 1919.
The 2 actual data are obtained from a varying number of reporting firms each month, the months of 1925 covering over 9,000 firms, employing almost 3,000,000 people.
Compiled by the National Industrial Conference Board from reports from 1,678 manufacturing plants employing 506,315 people in January, 1921, and representing 23
industries. The nominal hours per week represent the weighted number of hours the plants are supposed normally to operate, while the actual hours represent the average
man3 hours worked each week.
Average of last seven months of the year.
4
Average of last six months of the year.
5
Includes enameled ware and brass, bronze, and copper products.




103

Table 79.—FACTORY TIME OPERATIONS
Total,
18
groups *

YEAR AND MONTH

Food
and
kindred
products

Iron
and
steel
and
their
products

Textiles
and
their
products

VehiLum- Leather
Chem- Stone,
Miscel- Ratio
cles
Toand
Paper
icals
clay,
ber
laneactual
Nonfor
bacco
and
and its its finand
and ferrous manu- land
time to
ous
manu- ished print- other
glass metals4 factrans- indus- capacproding
prod- prodfacity 2
tries
ture
portature
ucts
ucts
ucts
tion
Per cent

AVERAGE PER CENT OF FULL TIME OPERATED
1924 monthly average 3
1925 monthly average

89
93

94
95

90
91

95
95

90
95

92
91

90
96

91
92

93
96

92
94

72
77

89
91
91
92

87
88
88
90

93
95
95
96

93
92
90
91

95
96
95
96

91
91
89
91

91
90
91
91

92
88
91
94

94
93
90
96

92
94
93
94

91
93
91
93

72
75
74
75

89
89
84
83

94
96
96
94

91
93
92
92

92
95
95
95

92
93
92
88

96
96
95
95

93
93
97
97

87
90
89
93

95
97
96
96

94
92
89
82

94
95
96
97

93
93
95
94

75
77
77
76

92
92
92
94

83
86
89
89

93
93
91
93

93
92
91
94

95
95
93
95

87
87
89
95

95
94
94
95

96
95
94
96

92
92
91
93

97
96
96
95

91
94
92
94

96
95
95
95

91
93
93
95

75
75
75
80

93
94
94
94

88
91
90
91

91
93
93
93

92
94
94
95

96
97
97
97

93
93
90
87

95
97
97
96

95
95
96
97

92
94
93
91

96
96
99
96

93
97
94
96

95
96
96
96

94
95
95
95

78
80
80
80

82
86

73
78

91
93

87
88

88
93

91
92
91
92

91
91
89
89

1925
January.
_ _
February.. . _
March
April...

92
93
93
92

May
June
July
August.. -

!

1934
September
October
November
December

.... ...

. -

September
October .
November
December.

1926
January
February
March
April

!
i

i

AVERAGE PER CENT OF FULL CAPACITY OPERATED
j

1924 monthly average 3
1925 monthly average

.

79
83

78
82

78
85

70
76

87
89

73
82

89
92

76
78

84
85

69
80

77
83

i
1

1934
September
October
November
December

79
81
81
81

83
83
82
83

79
81
83
84

68
70
69
71

88
89
89
89

79
80
76
80

90
90
91
90

76
79
80
76

82
82
83
83

69
69
72
73

81
82
80
81

81
84
82
80

73
77
73
74

82
83
83
83

82
82
79
76

85
86
87
87

73
74
74
73

87
89
89
90

80
83
81
78

91
92
91
92

78
83
85
87

76
83
83
87

77
80
76
78

84
80
74
75

84
85
84
85

78
77
76
78

82
82
82
85

76
81
78
84

85
84
84
86

75
74
74
78

89
89
88
89

79
79
80
85

92
91
91
91

73
66
72
73

83
85
85
88

77
81
81
86

79
80
84
86

83
85
86
87

76
76
77
78

84
85
85
85

86
86
87
87

84
85
86
86

76
78
78
79

90
90
90
89

85
86
85
81

92
94
94
95

80
79
74
80

87
87
88
85

83
83
81
81

87
88
87
89

86
89
88
87

78
81
82
83

1925
January
February
March __

.

April-

May. - .. .
June
July
August

__

_

September
October..
November

December

,

1936
January
FebruaryMarch
April
1

;

i

Compiled by the V. S. Department of Labor, Bureau of Labor Statistics, from reports of over 9,000 firms, employing almost 3,000,000 people showing, in the lower part of
table, the percentage of their capacity force employed each month and, in the upper part of the table, the percentage of full time worked by the force actually employed.
Details for individual industries of each group and percentage of firms operated at full capacity and at full time are given in "Employment in Selected Industries," issued
each2 month by the Bureau of Labor Statistics.
These data, compiled "by multiplying the percentage of capacity operated, as shown in the first column of the lower half of this table, by the percentage of time
operated, as shown in the first column of the upper half, indicate the approximate actual employment time relative to capacity.
3
Average of last 10 months of year.
4
Includes enameled ware, brass, bronze, and copper products.




104
Table 80.—CHAIN-STORE SALES
[Relative numbers for base year in boldfaced type; numerical data on opposite page]
GROCERIES
(27 chains) »

YEAR AND MONTH

Actual

With
seasonal
correction 2

FIVE AND
TEN
(5 chains)

Actual

DRUG

CIGAR
(3 chains)

(9 chains)

With
seasonal
correction 2

With

Actual seasonal
correction

Actual

2

With
seasonal
correction 2

SHOE

(6 chains)
With

Actual seasonal
correc-

CANDY
(5 chains)

MUSIC
(4 chains)

Actual

tion 2

With
seasonal
correction 2

With
seasonal
correction 2

Actual

i
Relative to 1919

100

100

120
124
140
165
185
209

100
146
130
151
188
215
264

1919 monthly average _
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average1925 monthly average

121
123
127
144
150
154

100

100

120
113
114
123
133
139

100
133
132
128
135
138
142

109
86
101
113
101
122

100
138
142
147
176
190
199

1923
173
171
207
181

172
178
191
178

115
117
162
142

158
156
169
152

129
126
145
135

134
138
143
139

116
110
135
125

133
130
139
130

86
72
145
125

113
107
145
107

95
88
96
99

116
107
107
116

131
137
191
154

156
162
189
154

190
184
179
180

190
187
186
189.

154
154
143
153

162
168
158
161

142
149
141
145

144
151
139
145

137
136
128
135

134
140
129
138

143
144
102
95

124
135
112
121

100
97
82
103

120
122
111
115

168
170
169
176

174
182
172
176

184
201
204
203

194
195
202
194

151
180
176
331

162
166
168
179

143
152
141
185

145
149
150
152

140
138
134
193

140
132
135
143

127
139
131
171

133
123
121
130

102
137
149
214

102
113
119
113

176
186
180
270

178
181
189
185

1924
January
February __
March
April
..

205
201
200
210

204
200
184
208

126
140
163
178

173
179
170
190

141
143
149
145

146
150
147
149

119
124
136
130

137
140
140
136

99
93
118
178

130
132
118
153

84
97
99
88

102
112
110
103

154
167
184
205

184
190
182
205

May
June __
July
August

214
200
206
201

214
203
214
211

174
162
163
172

183
177
179
181

150
143
148
152

153
146
147
151

143
131
128
138

141
134
129
141

150
140
113
108

130
132
123
138

82
75
72
91

99
94
97
102

186
169
177
180

193
181
181
179

210
240
232
253

221
234
230
242

169
203
199
366

183
188
191
198

145
159
145
187

147
156
164
153

137
144
138
192

137
137
139
142

124
138
146
186

129
122
134
142

110
124
111
184

110
102
87
98

189
199
186
282

192
194
195
188

250
233
252
258

249
243
233
255

151
156
177
195

207
209
185
208

155
146
160
159

161
161
159
164

122
119
131
134

141
140
135
139

107
100
127
177

141
149
127
152

92
99
105
107

112
120
116
126

162
175
188
210

193
207
186
210

254
254
259
243

254
257
269
255

191
187
183
195

201
203
201
205

163
167
166
171

166
170
164
171

143
134
136
142

140
137
137
145

149
152
122
120

129
142
134
153

96
99
104
128

116
125
140
143

195
184
181
202

202
197
185
102

245
318
272
330

258
309
270
315

191
237
220
427

206
219
211
231

169
179
167
220

172
175
177
181

142
151
136
212

142
145
138
257

129
164
136
188

135
145
126
143

136
141
139
214

136
117
111
114

202
215
195 !
280

204
209
205
191

January
February
March
April

_

May
June _..
July
August

_

__ _

September
October
November
December

. __
__- _ _ -

_

-

- - -

September
October
November
December

--

_ _

1935
January
February _
March
April „ .

May
June
July .
August

__

_

September
October
November
December

___

_ _

__

1926
January
February
March
April

May
June .

|

- .

!
j
j

__




See footnotes on opposite page

j
|

105

Table 81.—CHAIN-STORE SALES *
[Base year in boldfaced type; relative numbers on opposite page]
FIVE AND TEN
(5 chains)

GROCERIES
(27 chains)

YEAR AND MONTH

Thousands of
dollars

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

Thousands of
dollars

Number of
stores

DRUG
(9 chains)

CIGAR
(3 chains)

Number of
stores

Thousands of
dollars

1,819

$3, 917
4,737
4 826
4, 985
5, 655

Number of
stores

Thousands of
dollars

SHOE
(6 chains)

Number of
stores

Thousands of
dollars

492

$5, 525
7, 852
7,800
7,538
8,025

2,737

$2, 337
2,804
2,651
2,663
2,880

CANDY
(5 chains) 3

MUSIC
(4 chains)
Number of
stores

Thousands of
dollars

343

$905
989
775
914
1,026

59

$949
1,308
1,348
1,391
2,133

Number of
stores

Thousands of
dollars

Number of
stores

$28, 046
40, 794
36, 351
42, 404
52, 732

15, 362

$17, 190
20, 491
21, 160
23, 875
28, 172

1924 monthly a v
1925 monthly ave.__

60, 119
74, 040

18,351
22, 242

31, 574
35, 761

1,958
2,084

5,899
6,065

525
552

8,197
8,404

2,776
3,015

3,103
3,254

407
488

917
1,101

55
56

2,307
2,416

1923
January
February
JVEarch
\pril

48, 483
47, 820
57, 989
50, 741

13, 816
14, 010
14, 311
14, 593

19, 692
19, 920
27, 726
24, 239

1,761
1,783
1,800
1,796

5,064
4,919
5,674
5,289

465
477
484
483

6,847
6,499
7,968
7,394

2,754
2,737
2,732
2,747

1,998
1,678
3,388
2,919

322
328
334
335

860
795
869
894

58
58
58
58

1,589
1,659
2,323
1,876

May
June
July
August

53, 334
51, 694
50, 185
50, 589

14, 982
15, 238
15, 633
15, 837

26, 270
26, 365
24, 448
26, 120

1, 818
1,817
1,813
1,817

5,563
5,843
5,505
5,696

488
488
492
492

8,089
8,074
7,566
8, 019

2,747
2,759
2,759
2,754

3,345
3,352
2,384
2,220

337
342
344
339

905
880
745
929

59
59
59
59

2,036
2,064
2,052
2,141

September
October
November
December

51, 594
56, 286
57, 094
56, 974

16, 033
16, 422
16, 639
16, 827

25, 766
30, 806
30, 049
56, 644

1,828
1,847
1,872
1,882

5,585
5,962
5,507
7, 261

500
506
518
514

8, 284
8,197
9, 925
11, 435

2,747
2,700
2,698
2,705

2,972
3,243
3,069
3,992

354
359
362
364

923
1,235
1,346
1,933

59
59
59
59

2,137
2,257
2,182
3,275

1924
January
Februarv
March
April

57, 625
56, 233
56, 032
59, 028

17, 161
17, 294
17, 456
17, 703

21, 531
23,881
27, 922
30, 398

1,893
1,894
1,920
1,933

5, 506
5,583
5,831
5, 683

520
521
524
524

7,052
7,335
8,042
7,713

2,770
2,699
2,721
2,741

2,308
2,166
2,754
4,170

365
371
383
398

761
876
894
795

59
57
57
55

1,876
2,031
2,230
2,494

May
June
July •
August

60, 071
56, 002
57, 887
56, 356

17, 973
18, 297
18, 526
18, 717

29, 822
27, 736
27, 861
29, 361

1,930
1,952
1,969
1,975

5,888
5,615
5,798
5,948

525
526
529
529

8,499
7,748
7,612
8,, 180

2,754
2,772
2,760
2,797

3,516
3,279
2,642
2,529

405
406
405
407

741
677
652
821

55
55
55
55

2, 264
2,053
2,150
2,181

December

58, 816
67, 404
65, 031
70, 947

18, 896
19, 090
19, 395
19, 707

28, 965
34, 751
34, 021
62, 634

1,986
1,996
2,010
2,033

5,677
6,229
5,669
7,314

533
524
526
527

8,131
8,520
8,168
11, 362

2,814
2, 815
2,829
2,841

2,902
3,218
3,400
4,358

415
425
447
452

994
1,118
1,002
1,668

55
54
54
54

2,298
2,420
2,253
3,430

186
179

1925
January
February
March _
April

70, 161
65, 368
70, 792
72, 412

20, 033
20, 385
20, 835
21, 297

25, 746
26, 623
30, 201
33, 357

2,028
2,036
2,048
2,059

6,066
5,730
6,285
2,243

528
528
531
532

7,255
7,026
7,786
7,919

2,817
2,809
2,884
2,908

2,499
2,334
2,968
4,138

451
456
462
471

831
893
946
970

54
55
54
55

1,966
2,123
2,283
2,545

178
195
196
212

May
June
July
August

71, 315
71, 105
72, 649
68, 189

21, 751
21, 920
22, 640
23, 017

32, 615
31, 973
31, 219
33, 331

2,069
2,078
2,081
2,101

6,390
6,546
6,490
6,711

541
548
550
551

8,468
7,928
8,040
8,417

2,930
2,966
3,008
3,088

3,480
3,546
2,855
2,810

480
491
492
498

870
896
944
1,156

54
58
55
57

2,367
2,234
2,196
2,455

220
225
232
239

September
October
November
December

68, 631
89, 210
76, 229
92, 423

23, 309
23, 655
23, 897
24, 194

32, 710
40, 582
37, 676
73, 098

2,108
2, 126
2,135
2,136

6,630
7,015
6,522
8,633

560
568
589
601

8,429
8,969
8,072
12, 536

3,118
3,165
3,224
3259

3,015
3,823
3,186
4,398

504
508
516
521

1,234
1,272
1,257
1,939

57
57
58
60

2,449
2,606
2,372
2,396

240
222
231
234

_
_ __ __

__

September
October

._

N<">vetnbp,r

_

_

.__

3

120

3134
219

1926
January
February..
March
i April

\ May
June

--.

i

1 Compiled by the Federal Reserve Board, Division of Research and Statistics. Monthly data from 1919 on grocery and candy chains (but not comparable with present
data) appeared in January, 1924, issue (No. 29) p. 49. The music chains operate locally in the West, but otherwise the data cover the larger chain-store organizationso perating
nationally.
2
Based on variations in the 4-year period 1919 fto 1922. For details of computation see Federal Reserve Bulletin for January, 1924. Correction of the actual data, to
eliminate seasonal variation, may be accomplished by dividing the index for each month by the seasonal index for the corresponding month given in the table on p. 154 of
the 3
February, 1924, issue (No. 30) of the SURVEY.
Four chains prior to January, 1923. The average number of stores for 1923 and 1924 is also for 4 chains only. The index numbers, however, are strictly comparable for
the entire period, as allowance has been made for the extra chain in the base beginning with 1923.




106

Table 82.—TEN-CENT CHAIN STORES
F. W. WOOLWORTH
CO.

TOTAL
(4 chains)
Sales

Average
per store

Stores

Sales

Stores

Thousands
of dollars

YEAR AND MONTH

Dollars

Number

Thousands
of dollars

Number

S. S. KRESGE
CO.
Sales

Stores

McCRORY
STORES CORP.
Sales

Stores

S. H. KRESS
CO.

Sales

Stores

Thousands
Thousands Number Thousands
of dollars
of dollars Number of dollars Number

1913 monthly average
1914 monthly average
1915 monthly average _
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

$7, 972
8,544
9,582
11, 278
12, 806
14, 520
16, 575

$7, 909
7,839
8,086
8,398
8,820
9,680
10, 728

1,008
1,090
1,185
1,343
1, 452
1, 500
1,545

$5, 519
5,801
6,333
7,257
8,174
8,931
9,958

684
737
805
920
1,000
1,039
1,081

$1, 105
1,341
1,745
2,200
2,508
3,026
3,556

100
118
140
161
165
169
171

$450
411
468
566
655
800
957

110
116
117
132
143
147
148

$898
991
1,036
1, 255
1,469
1, 763
2,104

114
119
123
130
144
145
145

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

19, 624
20, 561
23, 344
27, 555
30, 923
35, 025

12, 265
12, 560
13, 780
15, 639
16,311
17, 234

1,600
1,637
1, 694
1, 813
1,956
2,065

11, 741
12, 302
13, 934
16, 120
17, 956
19, 918

1, 111
1,137
1,176
1,261
1,364
1,420

4,270
4,655
5,433
6,820
7,508
8,831

188
199
212
233
256
298

1,198
1,195
1,423
1,781
2,100
2,465

156
159
161
167
176
181

2, 415
2,409
2,554
2,834
3,355
3,830

145
142
145
152
160
166

May
June
July
August

25, 696
25, 785
23, 920
25, 555

14, 776
14, 743
13, 606
14, 462

1,739
1,749
1,758
1,767

14, 799
14, 912
14, 002
14, 964

1, 199
1,265
1,210
1,216

6,370
6,485
5,746
6,338

223
223
223
221

1,640
1,711
1,619
1,725

165
165
166
166

2,887
2, 677
2,533
2,527

145
146
146
148

September _
October
November
December

25, 198
30, 193
29, 387
55, 241

14, 188
16, 858
16, 290
30, 486

1,776
1,791
1,804
1,813

14, 775
18, 085
17, 283
32, 630

1,225
1,237
1,255
1,261

6,324
7,246
7,508
13, 070

222
228
233
233

1,668
1,877
1,827
3,579

166
166
166
167

2, 431
2,985
2,769
5,962

149
150
151
152

January
February
March
April

21, 096
23,406
27,344
29, 725

11, 617
12, 811
14, 839
.16, 016

1,816
1,827
1,843
1,856

12, 134
13, 431
15, 903
17, 257

1,263
1,271
1,285
1,293

5,457
6,019
6,875
7,370

234
236
235
240

1,352
1,612
1,835
2,085

167
168
168
169

2,153
2,344
2,731
3,013

152
152
155
154

May
June
July .
August—

29, 212
27, 210
27, 329
28, 789

15, 672
14, 435
14, 369
15, 089

1,864
1,885
1,902
1,908

17, 075
15, 485
15, 950
16, 927

1,299
1,316
1,328
1,334

7,157
6,478
6,371
6,802

242
242
245
245

1,963
1,877
1,909
2,060

169
170
171
171

3,017
3,370
3,099
3,000

154
157
258
158

September _ _
October
November _ _
December

28,405
34, 054
33, 292
61,209

14, 802
17, 654
17, 134
31, 293

1,919
1,929
1,943
1,956

16, 528
20, 400
19, 369
35, 025

1,345
1,351
1,364
1,364

6,851
7,873
8,252
14. 592

245
247
247
256

1,903
2,102
2,244
4,209

171
172
174
176

3,123
3,679
3,427
7,302

158
159
158
160

1935
January
February. __ _
March
April -

25, 307
26, 115
29, 682
32, 717

12, 869
13,263
14, 976
16, 424

1, 957
1,969
1,982
1,992

14, 205
14, 843
16, 916
18, 890

1,366
1,371
1,381
1,389

6,672
6,644
7,453
8,150

259
262
267
267

1,703
1,778
2,020
2,265

176
176
174
176

2,796
2,850
3,293
3,412

160
160
160
160

May
June
July .
August

31, 988
31, 350
30, 628
32, 668

15, 970
15, 582
15, 200
16, 061

2,003
2,012
2,015
2,034

18, 510
17, 920
17, 829
18, 780

1,397
1, 403
1,405
1,411

7,838
7,898
7,510
8,178

273
275
275
285

2,095
2,189
2,151
2,329

173
173
173
175

3,545
3,343
3,138
3,381

160
161
162
163

32, 075
39, 752
36, 882
71, 258

15, 715
19, 325
17, 852
34, 508

2,041
2,057
2,066
2, 065

18, 129
22, 989
20, 677
39, 330

1,415
1,420
1, 425
1,420

8,222
9,992
9,425
17, 984

287
293
293
298

2,284
2,765
2, 669
5, 337

175
179
182
181

3, 440
4,046
4,111
8,607

164
165
166
166

.

1923

1934

__.

September _ _
October
November
December

_

1926
January
February
IVlarch
April

May
June

27 767

7, 451

15 168

3,046

2,102

|
i

__

1
i This table is submitted in response to a demand for publication of the figures of sales of the large individual ten-cent chains, as compiled from published reports in
financial papers or as reported directly by the companies. Sales data represent the retail sales in dollar values of the ten-cent chains shown, while the annual figures of stores
operated represent not an average of stores in operation for the year, but the stores operated at the end of each year. Monthly data on sales from 1920 appeared in May,
1922, issue (No. 9), p. 111.




107
Table 83.—RETAIL SALES
RESTAURANT SALES 1
Total, 2 chains

YEAR AND
MONTH

Stores
operated
Number

Childs
Co.

Sales

Waldorf

System,
Inc.

INTERNAL-REVENUE TAX
COLLECTIONS ON SALES 2
Capital
Fire- Jewelry,
arms watch- Thea- issues
ter
and
and
es,
shells and admis- consions '
vey- 6
3
( ) clocks 4
ances
Thousands of dollars

1913 mo. av
1914 mo. av
19<!5 mo, av
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av

710
718
756
898
1,141
1,228
1,384

OTHER CHAIN-STORE SALES °

Capi-

tal
Owl Drug
Penney United Cigar
A. Schuite,
stock J. C.Co.
Inc. (cigars)
Co.
Stores Co.
trans7
fers
Num- Thous. Number Thous. Num- Thous. Number of of dolls. ber of of dolls. ber of of dolls. ber of
stores
stores
stores
stores

s $320

$371
1,198

$3, 808
5,408

$1, 814
3, 578

$425
1,018

$220
297
402
701
1,240
1,778
2,398

197

$2, 465
2, 492
2 587
2, 985
3, 576
4 336
5,172

$672

224

$325
360
364
381
443
566
798

18
20
22
25
26
29
32

224
224
224
250
255
264

1,030
1, 138
1, 190
1, 446
1,452
1,408

36
40
43
80
84
86

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

160
175
189
206
219
220

$2, 618
2,594
2,744
3,036
3,031
3,098

1,828
1,774
1,864
1,933
1,945
2,028

$790
820
964
1,103
1,086
1,070

440
268
320
363
273
302

2,239
1,782
1,566
1,825
1,511
703

7,247
6,892
5,603
6,238
4,903
2,065

5,102
4,022
3,257
3, 826
2,863
2,608

820
715
823
721
791
1,373

3,569
3,887
4,086
5, 183
6,188
7,573

312
313
371
475
520
611

6,637
6, 339
6,079
6,272
6,232
6,266

2,439
2,572
2,739

1,084
1,230
1, 370
1,666
1,892
2,079

1934
May
June
July
August

221
221
221
221

3,031
2,866
2,940
3,078

1, 896
1,820
1,900
2,023

1,135
1,046
1,040
1, 055

126
265
321
470

1,500
1,414
1,588
*893

6,572
6,211
6,226
8 3, 198

3,815
3,016
2,405
1,866

674
536
629
814

6,144
5, 628
4,752
5,301

499
500
501
547

6,494
5,914
5,741
6,201

2,497
2,508
2,495
2,529

1,937
1,766
1,800
17903

247
250
251
254

1,390
1,390
1,439
1,501

85
85
84
84

222
219
219
219

3,114
3,176
2,981
3,181

2,034
2,081
1,907
2, 057

1,080
1,095
1,074
1,124

425*
434
425
290

459
593
484
729

1,577
2,021
2,076
2,554

1,833
2,098
1,976
2,083

788
685
660
1,430

6,855
8,431
9,286
9, 970

560
567
569
569

6,151
6, 502
6,205
8,490

2, 546
2,548
2,563
2,572

1,908
1,949
1,901
2,742

254
253
252
255

1,468
1,588
1,289
1,906

86
84
84
84

1925
January. _
February
March
April

219
219
219
218

3,083
2,826
3,090
2,992

1,983
1,837
2,005
1,954

1,100
989
1,085
1,038

170
120
139
286

1,602
1,110
522
565

2,276
2,127
2,229
2,313

2,633
2, 280
2,457
2,860

1, 556
1,513
1,201
1,293

3,929
4,225
6,051
7,240

568
568
582
585

5,389
5,211
5,829
5,934

2,547
2,537
2,611
2,633

1,808
1,759
1,898
1,926

256
258
260
262

1,327
1,242
1,394
1,337

84
84
84
85

May___
June
July __.
August

217
218
218
220

2,993
2, 811
2,967
3,151

1,919
1,810
1,943
2,109

1,074
1,001
1,024
1,042

297
289
445
376

455
1,844
675 ' 2, 468
561
1,544
524
1, 407

2,612
2,761
2,599
2, 459

910
1,330
1,111
1, 219

7,140
7,022
5,881
6,481

590
591
593
618

6,378
5,965
6,020
6,303

2,656
2,690
2,731
2,810

2,041
1,913
1,965
2,057

263
285
266
267

1,306
1,455
1,418
1,453

85
85
85
85

September
October
November
December

222
223
225
226

3,227
3,403
3,184
3,446

2,151
2,246
2,107
2,275

1,076
1,157
1,077
1,171

358
329
506
304

550
556
597
713

1,812
2,148
1,920
2,688

2,394
2,928
2,615
2,699

1,278
1, 318
1,949
1,802

8,298
12, 142
9,850
12, 606

645
644
668
676

6,326
6,661
5,992
9,187

2,840
2,888
2,946
2,980

2,050
2,257
2,034
3,234

267
266
267
268

1,330
1,451
1,252
1,886

87
87
87
88

4,970

671

September
October
November
December

_

_

1926
January
February
March __ .
April
May
June.

__

!
.._.!

1
2
3
4

i
I
1
1

Data on restaurant sales from CMlds Co. and Waldorf System, Inc.; monthly data since 1920 are shown in the October, 1923, issue (No 26), pp. 58 and 59.
Tax collections on sales from U. S. Treasury Department, Bureau of Internal Revenue.
Taxable at 10 per cent of selling price, excluding sales to Federal Government or political subdivisions. (Acts of 1918, 1921, and 1924 identical on this item.)
Taxable at 5 per cent on selling price of both real and imitation jewelry. Acts of 1918 and 1921 were identical on this item; but the revenue act of 1924 exempts from
tax all articles not in excess of $30 and watches not in excess of $60, and therefore figures beginning August, 1924 (referring to July taxes), are not strictly comparable with
previous figures.
5
Includes cabarets and concerts. The rate of tax under the act of 1921 (represented by data for 1922) is " 1 cent for each 10 cents or fraction thereof of the amount paid
for admission," payable by the person paying such admission, except "where the amount paid for admission is 10 cents or less, no tax shall be paid." The act of 1918 provided for the same rate of taxation but allowed no exceptions and, hence, the data from January, 1922, forward, are not quite as comprehensive as the earlier data. The act
of 1924 provided for the same rate as the two preceding acts but exempted all admission charges of 50 cents or less. Thus the data beginning August, 1924, and referring
to July taxes, can not be compared with the preceding months, which are carried forward for their historical value. Monthly data from 1920 are given in January, 1923,
issue (No. 17), p. 51.
6
New issues of bonds of indebtedness, including renewals taxable at 5 cents per $100 or fraction thereof; capital stock issues taxable at same rate, except where certificates
have no par value taxed at the rate of 5 cents per share, but if actual value is more than $100, 5 cents per $100 or fraction thereof, and where under $100 at the rate of 1 cent
per $20 or fraction thereof. (Under the revenue act of 1918 no-par issues were taxable at 5 cents per $100 or fraction thereof. Otherwise the acts of 1918, 1921, and 1924 are
practically identical.) Conveyances evidencing the transfer of land or realty are taxable at 50 cents per $500 or fraction of the consideration therefor, exclusive of the value
of any lien or encumbrance on the property.
7
All sales or agreements to sell capital stock are taxable at 2 cents per $100 share or fraction thereof, or where shares are without par value, at 2 cents per share. (Under
the revenue act of 1918 transfers of no-par stock with actual value in excess of $100 were taxed at 2 cents per share of $100 actual value or fraction thereof.)
8
Six months' average, July to December, inclusive.
9
Data compiled from published reports in financial papers or reported directly by the company to the U. S. Department of Commerce, Bureau of the Census. These
sales data represent money values. Data for Jones Brothers Tea Co. from 1920 appeared in December, 1923, issue (No. 28), p. 56. Monthly data for Schuite Cigar Stores
from 1921 appeared in June, 1923, issue (No. 22), p. 49, while for the other chains, monthly sales from 1920 were given in May, 1922, issue (No. 9), p. 111. Yearly data represent number of stores in operation at end of the year indicated.




108

Table 84.—DEPARTMENT-STORE SALES
[Index numbers for base year in boldfaced type]
VALUE OF SALES, BY FEDERAL RESERVE DISTRICTS
YEAR AND MONTH

San
RichPhilaCleveAtlanta Chicago MinneBoston New York delphia
Dallas
land
apolis
mond
(24 stores) (63 stores) (22 stores) (54 stores) (23 stores) (35 stores) (63 stores) 23 stores) 2 (21 stores) 2 Francisco
(31 stores)

Total
(359
stores)

I
100
119
114
116
127
132
138

100
118
112
114
127
126
129

100
128
114
114
130
128
131

100
113
106
101
111
117
124

100
119
101
94
104
101
106

100
123
110
114
132
133
142

100
112
102
99
105
104
107

100
120
99
92
98
102
109

100
121
116
121
139
143
149

100
120
110
111
124
125
131

107
145
142
200

99
133
153
191

106
132
130
190

94
123
126
188

86
114
113
162

118
128
135
191

101
115
108
157

101
104
105
149

114
138
134
206

107
131
132
188

108
92
127
128

110
89
125
123

107
101
133
115

101
96
136
128

87
76
120
104

83
78
105
101

104
96
129
132

88
74
103
111

81
73
99
89

115
102
134
124

101
90
124
119

133
136
90
99

130
130
86
90

128
133
82
93

138
137
96
112

115
113
80
80

109
102
77
81

136
138
96
120

109
105
79
96

106
92
67
69

147
128
116
136

128
126
89
100

116
144
146
210

113
161
153
215

104
154
169
203

118
151
141
204

93
136
130
195

92
132
119
168

128
154
148
209

103
125
112
156

102
125
112
158

126
160
146
236

113
148
142
202

120
101
113
137

120
103
118
137

110
111
120
136

109
112
120
145

94
87
109
128

85
83
94
107

112
112
123
145

88
77
94
115

85
82
94
101

132
121
134
139

110
102
115
133

132
131
89
86

132
127
93
83

124
123
82
85

133
126
94
101

116
118
85
78

104
95
73
72

134
125
99
108

109
99
81
89

105
95
71
70

146
125
116
136

127
120
91
93

115
137
140
215

127
161
153
226

109
144
153
213

117
134
139
207

106
137
137
213

94
120
113
173

132
135
154
215

102
116
111
162

114
126
115
1ft

130
157
144
238

119
141
141
210

110
94
110
136

120
107
124
140

105
101
125
134

107
106
125
142

93
89
119
132

83
84
99
109

112
107
127
149

92
81
97
116

92
90
107
110

128
113
142
146

1108
101
121
136

128
134
92
88

_.

100
116
114
119
127
126
128

116
137
137
200

1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1924 monthly average
1924 monthly average
1925 monthly average _

132
132
94
90

121
127
85
86

132
128
98
103

117
123
91
87

104
98
78
78

139
139
105
113

107
103
81
92

108
98
72
76

148
134
123
140

128
126
95
98

118
156
143
225

128
186
158
243

111
167
168
215

115
160
134
218

105
160
146
230

89
139
122
190

145
173
153
237

104
135
105
167

112
141
115
180

139
168
158
253

122
165
145
224

1923
September
October
November
December

1933
January
February
March
April

_

May
June
July
August

-

September
October
_
November _ _
December

__.

1934
January
February
March
April

-._

May __
June
July
August
September
October..
November
December

__

1935
January
February
March
April

May
June
July
August

__

__

September
October
November
December

. ._
__

1936
January
February
March
April ._

May
June

!

1 Compiled by the Federal Reserve Board, Division of Research and Statistics. Index numbers are based upon dollar values and are given by Federal reserve districts.
2
In calculating bases, estimates are made for sales of stores in the Minneapolis and Dallas districts for the months of 1919 for which there are no reports.




109

Table 85.—DEPARTMENT-STORE STOCKS
[Index numbers for base year in boldfaced type]
VALUE OF STOCKS AT END OF MONTH, BY FEDERAL RESERVE DISTRICTS
YEAE AND MONTH

San
PhilaCleveRichAtlanta Chicago Minne- Dallas
Boston New York delphia
land
mond
apolis
(24 stores) (63 stores) (13 stores) (52 stores) (19 stores) (22 stores) (51 stores) (22 stores) (14 stores) Francisco
(29 stores)

Total

(314
stores)

2

100
136
115
116
125
130
133

100
119
118
131
150
154
181

100
139
117
110
125
131
131

100
134
105
109
121
126
126

100
134
114
112
119
116
112

10O
152
124
123
147
152
152

100
119
96
97
110
109
112

100
143
116
109
116
107
121

100
132
116
118
130
137
134

100
136
115
116
129
132
135

121
125
132
111

141
150
147
124

116
122
126
106

119
130
126
103

118
121
123
101

130
136
138
115

108
112
114
95

118
120
119
94

121
123
128
112

122
128
130
110

107
111
120
125

108
112
124
129

118
135
148
153

100
114
124
130

99
113
124
126

105
112
119
121

115
137
149
150

96
105
115
113

97
107
115
119

110
121
128
135

107
118
129
132

124
116
109
115

128
119
113
121

148
143
137
152

127
120
119
124

122
115
113
114

121
113
111
120

145
137
135
158

112
106
103
108

117
110
107
121

130
125
124
131

129
122
119
129

129
142
145
123

134
145
147
123

166
176
176
145

135
144
147
120

130
141
142
112

130
134
133
106

162
164
171
140

115
121
121
104

128
131
130
109

138
143
147
123

139
146
149
123

111
115
128
128

117
119
130
136

132
152
162
162

110
126
137
141

104
121
140
134

109
123
125
124

128
145
163
162

97
106
114
112

107
118
126
125

125
131
143
148

116
127
139
141

126
119
116
113

131
122
115
120

152
146
141
144

138
128
120
123

130
122
113
116

121
113
109
109

154
145
142
149

113
106
102
106

120
114
110
122

141
134
132
131

136
127
123
126

125
135
141
120

133
146
147
125

160
171
172
151

136
146
145
120

128
143
145
117

118
126
123
96

158
170
168
141

115
121
122
99

129
133
132
105

140
147
148
124

137
147
148
124

112
115
126
127

118
123
135
139

147
167
185
186

112
125
137
140

109
118
131
132

99
107
113
114

137
145
156
157

99
106
117
116

103
113
125
126

123
126
136
140

119
127
139
141

125
112
113
114

134
128
120
124

179
174
164
179

136
129
120
126

124
123
119
118

114
108
103
113

153
145
140
149

115
109
106
111

123
114
111
124

134
128
129
133

136
129 i
124
131

125
132
140
119

__ _

100
128
108
115
122
123
122

122
129
135
114

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

140
148
153
131

195
210
213
175

137
141
145
123

135
138
147
120

121
124
126
102

158
168
175
146

120
122
124
101

134
135
135
111

140
147
148
125

143
149
154
129

1932
September
October
November
December

1923
Jauuary
February
March
April

-

May
June
July
August

September _ _
October
November
December

._

1924
January
February
March
April

._
.-

May
June
July
August

_

September
October
November.
December

_

._. .__

1925
January
February
March
April
May
June
July
August

.
_

__.

September
October
November
December.

1926
January
February
March.
April__.

•
_

1
__

May...
June.,.

_.
j

i
1
2

1

Data compiled by the Federal Reserve Board, Division of Research and Statistics, and are based upon values.
Weighted index based upon the number of employees in retail stores as shown by the latest available census data. For details, see Federal Jteserse Bulletin for February,




110

Table 86.—WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS
[Index numbers for base year in boldface type]
1

GROCERIES

1

:

'3*^

I

Kansas City

1

|

Chicago

i
I

1

!

Kichmond

I
a

I

, i*
Cleveland

Atlanta,

IM

Saa Fraricisc<

j

i

1 Kielimond

Cleveland

Philadelphia

3

I

YEAR AND
MONTH

New York

Weighted ind<
11 districts

!

l

DEUGS

!•

j

100

100

100

100

100

87
89
100
103
106

86
90
100
97
102

99
92
98
96
103

92
86
94
104
104

112
115
132
144
147

1
PS

:
i

I I

I N D E X NUMBERS RELATIVE TO 1919

i™ 1!

1919 mo. av
1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 rno. av

113
77
76
83

10O

10O

100

100

100

100

10O

100

100

100

10O

74
76
80
78
78

80
70
88
87
86

75
71
79
81
79

74
73
83
34
89

79

72
69
71
77
72

79
79
85
85
86

94
91
99
110
109

69
71
79
83
85

89
93
101
97

!

75
83
82 i
81

84

;

83

85
90
90

10O
1OO 10O
112 i
QQ
97
112
100 j 106
112
111
118
126
113
126
119
114 j 118 | 124

i

i

1923
Januarv
February
March
April

1
!

1

!i

i

74
73
80
80

73
69
79
78

78
68
81
72 [

77
76
82
84

68
65
75
75

76
72
82
77

85
77
90
82

63
69
71
74

72
74
78
84

80
97
93
97

70
70
76
72

90 i
Ql
88
105

113
107
121
106

120
118
131
112

138
126
138
121

117
97
108
96

97
93
111
101

101
100
105
96

100
85
92
83

114
115
138
122

June
July
August

81
88
81
85

88
97
86
84

75
82
76
77

86
92
89
90

79
85
76
79

82
80
81
83

83
81
78
87

72
84
70
78

85
95
87
99

92
101
97
104

74
75
67
80

97
108
107
102

107
107
106
111

111
111
113
109

123
121
120
124

97
94
92
101

103
102
94
105

96
98
93
99

84
84
89
100

125
124
132
142

September
October
November
December

89
98 1
92 j
76

82
96
90
76

81
100
96
78

91
104
98
84

84
96
87
73

90
97
90
83

89
98
92
82

80
83
79
64

96
90
89
71

111
119
112
88

103
99
86
70

113
116
112
80

115
129
111
99

125
149
110
103

125
132
123
118

101
112
104
87

101
111
100
88

95
104
97
93

102
117
100
86

145
161
147
120

1934
January
February
March- _
April

80
77
80
79

71
67
75
75

78
71
77
72

81
80
84
80

77
77
78
79

82
80
80
80

90
86
90
88

72
70
72
73

76
74
75
77

92
94
95
99

83
85
77
77

97
88
92
94

116
109
118
114

130
125
135
126

122
120
127
124

112
102
106
100

97
92
101
101

98
88
93
95

110
100
101
100

141
133
144
145

81
83
83
83

83
86
90
82

73
71
74
72

85
86
85
84

79
76
81
77

84
79
77
83

82
76
84
89

75
81
78
76

80
90
90
91

104
117
106
117

77
75
76
86

93
101
96
97

110
105
110
107

125
120
121
112

116
111
117
116

98
92
98
99

97
92
91
93

92
87
96
95

97
91
99
101

135
131
148
144

93
100
89
83

94
93
83
83

84
94
88
80

94
103
93
91

89
99
83
80

92
100
88
87

98
108
92
98

84
91
79
73

95
99
89
76

123
138
127
106

99
95
82
79

103
108
98
85

117 | 130
128
146
109
113
120
109

116
125
113
118

107
107
103
100

102
108
94
91

98
115
101
98

112
124
108
106

154
171
139
134

80
73
79
75

79
68
73
75

75
66
69
68

82
78
81
80

75
68
75
72

86
80
86
84

95
85
90
82

68
64
72
67

75
73
79
76

99
87
97
96

85
81
82
75

96
82
98
88

116
109
121
115

129
126
135
117

124
115
127
126

110
101
108
105

95
89
106
104

101
91
102
102

118
102
103
104

145
130
156
151

79
84
85
83

81
93
87
81

74
77
79
70

81
86
87
85

75
78
78
78

86
85
88
85

80
80
83
89

70
73
77
75

80
89
92
98

100
116
112
109

74
75
84
92

91
97
96
95

106
110
111
108

108
113
112
96

114
120
123
124

100
99
104
103

96
101
99
104

99
99
105
100

94
95
96
99

136
139
145
140

92
99
90
81

84
88
82
81

83 | 90
97
96
92
92
82
83

89
95
83
81

94
99
94
9,5

99
105
91
96

81
86
75
56

95
97
91
80

127
141
125
95

106
96
85
82

103
116
108
88

120
133
110
112

113
151
110
107

134
136
119
130

116
116
105
102

111
116
99
106

109
120
103
102

114
119
99
102

162
170
149
143

May

_

May
June July
August

-

September
October.. _
November
December

_

1925
January
February
March
April

May
June
July
August

_.
.

September
October
November
December

1
1 2
9 6
January

h
1

April

May
June

j
1

1

Compiled by the Federal Reserve Board, Division of Research and Statistics, representing combined indexes of dollar sales reported for the various Federal reserve
districts, weighted by the number of persons employed in wholesale trade in each district in 1919. Monthly data from 1919 appeared in April, 1923, issue (No. 20) of the
SURVEY, p. 50. For details and methods of computation, see Federal Reserve Bulletin for April, 1923.




m
Table 87.—WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS
[Index numbers for base year in boldfaced type]

SHOES

Richmond

Atlanta

Chicago

Minneapolis

San Francisco

ss
1
A

Cleveland

&
S3

100
8R

100

100

IOO

100

100

100

100

100

68
65
68

86
89
101
83
91

62
54
58
56
58

75
66
65
58
58

06
66
71
58
62

60
58
61
51
52

67
64
59
47
37

62
66
69
56
70

78
76
80
66
70

Boston

d

Weighted iectex
8~ districts

3

San Francisco

Minneapolis

Chicago

Atlanta

1
fc

Iliehniond

•¥
%
><

Cleveland

YEAR AND
MONTH

Philadelphia

Weighted index
10 districts

HARDWARE

J4
s*
o
$M
5>
O>
&

INDEX NJMBICKS RELATIVE TO 1919
1919 mo. av
1920 mo. av
1921 mo. av
1922 mo av
1923 mo. av
1924 mo. av
1925 mo. av

10
0
116
82
86
104
99
103

10O

100

78
84
100
90
98

97
100
113
115
115

10O
100 | 100 | 100

10O

10O

100

i
j
!
j

78
78
148
143
152

74
76
81
77
83

80
81
101
102
110

92
94
111
102
104

82
78
100
9-4
88

66
69
84
79
96

86
91
103
100
101

100
86
97
113
104.
106

1

'"8
58

_

j

1933
January
February
March
April

89
83
109
112

78
72
103
113

92
89
122
125

99
89
113
122

102
86
110
105

92
74
86
78

83
79
108
111

115
100
149
168

71
77
92
88

89
88
105
97

99
97
125
120

61
60
86
67

92
84
116
106

57
50
77
58

37
54
97
71

63
71
88
69

50
58
82
56

48
49
82
55

68
63
77
71

09
74
95
84

May
June
July
August

118
114
100
106

114
109
92
100

129
125
111
111

134
127
107
112

107
95
88
109

79
80
72
86

119
118
103
106

180
169
157
160

92
92
77
77

106
107
108
110

125
125
109
114

73
68
56
74

116
100
88
113

61
56
46
61

81
74
48
62

88
62
50
79

65
59
44
66

56
65
52
66

81
70
54
86

87
82
69
82

September
October
November
December

106
117
102
90

100
115
105
97

113
132
113
113

117
133
103
82

104
116
99
82

87
102
90
79

110
115
96
83

150
153
139
128

76
82
73
71

96
113
111
82

112
121
104
98

76
81
63
51

117
121
93
71

63
69
57
45

70
81
60
48

86
88
62
48

68
78
67
37

64
73
50
46

70
72
57
61

94
87
76
62

,91
90
104
108

84
86
107
108

104
100
119
124

94
98
106
109

111
95
93
98

89
77
72
72

84
86
106
117

114
107
145
158

63
69
72
79

97
103
107
106

104
104
115
107

49
49
65
69

79
60
94
95

50
45
70
73

36
49
61
81

49
57
64
65

44
48
57
55

41
37
51
57

46
50
53
55

53
66
76
68

104
96
93
93

105
92
88
83

123
115
111
111

107
97
98
95

91
78
83
93

73
69
64
76

108
102
99
93

141
143
150
144

75
75
71
74

102
90
93
98

111
103
94
97

56
52
44
56

77
69
68
83

50
52
46
54

70
67
43
43

62
42
37
67

45
37
34
53

42
42
37
46

51
47
39
56

74
66
54
69

September
October . _
November
December

106
110
98
99

95
107
95
97

115
134
114
123

111
114
98
93

108
95
88
85

89
101
88
96

106
109
93
93

166
152
151
144

87
96
88
93

108
109
98
116

105
107
90
91

69
67
57
56

105
97
82
100

64
63
49
54

61
66
59
61

70
69
55
44

64
68
55
44

59
53
48
47

74
78
66
64

70
69
63
50

1925
January
Februarv _
March
April

89
90
107
107

83
85
103
102

99
95
122
122

93
100
111
104

98
83
97
86

92»
81
89
85

80
83
310
115

115
133
144
167

73
76
86
83

104
102
110
108

93
98
110
110

43
46
63
65

79
68
94
91

43
45
65
67

39
45
63
76

40
58
71
63

40
46
59
49

26
30
42
49

49
48
61
72

51
56
70
61

101
105
99
98

97
105
92
87

120
121
108
104

104
111
102
93

80
79
78
89

78
80
78
94

107
110
104
98

148
155
163,
161

78
82
77
76

105
101
100
108

110
109
105
108

54
54
47
65

78
79
78
100

54
55
51
61

58
59
38
51

52
45
47
87

54
38
41
55

35
34
29
40

63
70
48
95

66
72
61
84

109
1^2
103
1.1

104
117
102
1.2

111
131
116
126

108
125
101
92

94
100
87
79

108
132
120
118

105
118
94
90

171
169
157
142

86
102
82
88

119
136
111
110

112
114
98
100

72
77
59
54

113
118
91
98

65
67
55
62

65
80
59
58

88
89
63
43

61
80
60
43

47
49
34
25

96
95
77
70

93
91
76
55

1924
January.
February
March
April
May
June
July...
August

May
June
July
August

__
._
_._

_.
__

September
October
November
December
1938
January
February
March
April
._

;
j
1

Ma.v
• June
1
Compiled by the Federal Reserve Board, Division of Research and Statistics, representing combined indexes of dollar sales reported for the various Federal Reserve
districts, weighted by the number of persons employed in wholesale trade in «ach district in 1919. Monthly data from 1919 appeared in April, 1923, issue (No. 20) of the
SURVEY, p. 50. For details and methods of computation, see Federal Reserve Bulletin for April, 1923.




112

Table 88.—WHOLESALE TRADE AND CREDIT CONDITIONS

Indebt- Prompt
payments

Percentage of total
recorded transactions

100

100

1OO

100

10O

100

100

100

10O

100

55
56
65
67
76

115
83
83
95
91
91

85
83
98
95
105

84
84
99
80
77

75
72
87
76
69

70
70
79
76
80

80
84
94
89
86

90
91
99
107
120

86
85
98
102
90

90
98
109
101
93

1923
September
October
November
December .

73
74
65
65

112
112
90
66

114
109
85
79

119
114
9-5
74

116
113
86
50

112
104
80
45

116
108
91
58

100
89
80
73

140
148
112
46

1924
January
February
March
April

66
63
62
61

97
98
90
81

104
113
103
85

85
91
83
76

92
88
69
63

74
75
69
65

100
91
89
83

110
112
98
92

June..
July
August

64
64
67
68

72
70
79
102

78
78
84
98

65
65
59
83

53
49
62
93

53
47
58
94

72
71
79
92

September
October
November
December

71
78
69
66

116
104
88

111
103
88
97

102
91
80
82

113
84
70
51

118
103

1925
Januarv.- _ _ -..
February
March
April

71
69
73
68

82
88
96
85

94
110
121
100

66
75
81
73

av
av
av
av
av
av
civ

May

HARDWARE
TRADE *

Delinquent
Accounts

Orders edness

INDEX NUMBERS RELATIVE TO 1919
1919 mo
1920 mo
1921 mo
1922 mo.
1923 mo.
1924 mo.
19^5 mo

ELECTRICAL
TRADE 3

TEXTILE TRADE 2

Outstanding
accounts

San Francisco

Dallas

Kansas City

Chicago

Atlanta

Richmond

Cleveland

YEAR AND
MONTH

New York

MEATS i

Weighted index
8 districts

DRY GOODS i

Sales index

INDEX OF WHOLESALE TRADE i

[Index numbers for base year In boldfaced type]

Eel. to Ratio
Jan., to sales
1921

Dollars

No. of

s 225, 106
202, 557
201, 689
186, 757
196, 841

1, 518
1,625
1,497
1,501
1,548

122
157
139
143

2.2
2.0
2.0
1.9

firms

100
112
73
74
83
82
84

28.3
23.0
24.6
26.9
28.8
28.9

34.1
36.2
36.6
43.3
42.6
42.6

60.7
59.4
53.4
47.6
55.3
55.0

128
136
105 |
82

91
96
85
72

30.5
30.0
28.0
18.5

45.8
43.2
43.1
43.0

54.8
58.1
59.5
57.0

200, 094
238, 293
237, 013
169, 668

1,453
1,823
1,547
1,351

145
164
141
124

2. 1.
2.0
2.1
2.2

110
109
77
80

94
99
103
92

80
78
80
78

25.8
31.5
31. 5
30.5

38.9
38.5
40.8
45.6

54.7
54.0
60.0
58.7

174, 062
181, 994
200, 059
208, 601

1, 135
1,486
1,677
1, 629

136
133
150
161

2.0
2.2
2. 1
1.9

83
80
103
124

78
68
94
1G4

92
83
94
123

77
76
78 !
83

26.0
25.5
25.0
33.0

43.9
42.1
41.4
39.3

55.3
52.1
53.6
53.0

204, 935
197, 117
209, 834
196, 454

1,748 !
1,583
1, 642 ;
1, 550

147
123
128
128

2.0
2.0
2.0
2. 1

!

127
125
114
86

.144
141

5i

116
94
86
71

110
53

125
120
92
76

92 |
95
84
79

34.5
32.0
27.5
24.5

42.2
45.6
48.3
45.1

58.5
55.6
54.3
50.7

200, 250
167, 286
139, 814
160, 672

1,639
1, 509
1,157
1, 258

137
150
134
140

2. 1
1.9
2.1
1.9

70
70
73
59

63
71
89
73

80
77
85
83

113
111
114
111

81
101
88
73

83
77
91
85

83
79

25. 5
32.0
33. 5
28.0

39.1
38.8
42.5
46.3

51.4
52.0
53.9
58.0

198, 225
223, 650
231, 914
216, 954

1,336
1,456
1,817
1, 953 '

129
126
151
151

2.0
2.1
1.8

7

j

;:

1.9

75
79
79
79

September
November

77 :
82
85
106

92
100
98
105

65
69
61
80

51
58
60
91

61
55
67
99

74
86
80
99

103
105
138
147

64
63
76
143

83
83
93
118

79
83
83
87

27.5
27.0
25. 5
32.0

41.9
40.6
37.4
34.2

56.2
51.6
53.9
52.3

228, 827
209, 783
195, 347
153, 426

1,774
1,678
1,490
1,425

139
141
145
144

1.8
1.9
2.0
2.0

82
87
72
72

May

June
July
August

112
118
92
74

117
117
103
101

93
107
78
79

93
97
68
43

111
127
84
62

110
118
83
62

141
147
120
90

124
129
93
45

94
114
114
101
99 ! 86
79
70 '

None.

38.7

51.8

167, 076
184, 056
168, 732
184, 098

1,400
1,597
1,142
1,503

145
160
138
142

!

2.0
1.8
2.0
1.8

1926
1

arc

i

|

|,

J
I

j

l
*

i

;

jl

;

i

i

!

Ii

il

Ij

•

i
:

!

depending on trade conditions. As one transaction may cover both an or ler and an indebtedness or payment, the sum of the percentages of orders, indebtedness, and
payments will usually exceed 100 per cent. Monthly data by geographic di -isions for 1920 and 1921 appeared in May, 1922, issue (No. 9), pp. 131-133, and for 1922 in May,
1923, issue (No. 21), pp. 171-3.
3 Delinquent accounts, electrical trade, are compiled by the National Elc trical Credit Association, from, reports to its constituent regional associations by electrical manuurers and
facturers a] jobbers. Monthly data from 1921 appeared in May, 1924, issi e (No. 33), p. 206.
^Dataon the Value of sales by jobbers of hardware, compiled by American Iron, Steel, and Heavy Hardware Association, comprise reports from about 75 firms representing
about 10 per cent of the entire iron, steel, and hardware jobbing trade, including iron, steel, motor accessories, and heavy hardware. Outstanding accounts at the end of
each month are given as ratios of the current month's sales.
s Eleven months' average, February to December, inclusive.




113

Table 89.—DISTRIBUTION MOVEMENT
MAIL-ORDER HOUSE SALES 1
Total
YEAR AND
MONTH

4
2
houses houses

3
houses houses

Sears, MontgomRoeery
buck
Ward
& Co. & Co.

INDEXES

Rel. to Eel. to
1919
1913
1913
1914
1915
1916
1917
1918
1919

monthly
monthly
monthly
monthly
monthly
monthly
monthly

av.__
av
av
av
av...
av
av
100

1920
1921
1922
1923
1924
1925

monthly
monthly
monthly
monthly
monthly
monthly

av__.
av...
av__.
av__.
av—
av

Total 2

50 selected
cities

ADVERTISING

POSTAL MONEY ORDERS

POSTAL RECEIPTS

Domestic4 (50 principal cities)

Second 3

Paid

50 in- class
dus- (quarterly)

Foreign 8

Maga- Newszine 9 paper 7

Issued

Number

Thousands of dollars

$36, 569

$11,275
11, 847
13, 498
17, 407
20? 982
22, 891
29, 772

$7, 965
8,427
9,389
12, 237
14, 856
16, 544
21, 494

$3, 310
3,420
4,113
5,178
6,592
6, 664
8?838

$13, 543
14, 611
17, 066
18, 380

264
188
204
259
284
327

37, 693
26, 190
28, 695
36, 098
38, 421
43,129

30, 233
21, 970
22, 969
29, 182
32, 074
36, 871

21, 217
14, 834
15, 180
17, 962
18, 515
21, 529

9,192
6, 330
7,706
11, 220
13, 560
15, 341

20, 688
20, 759
22, 901
25, 085
26, 335
28, 831

$2, 157
2, 3-33
2, 593
2, 809
3,608

106
141
131
148

279
364
351
411

38, 667
51, 688
48, 016
54, 093

31, 448
41, 063
39, 541
46, 316

17, 905
23, 801
22, 488
26, 171

13, 543
17, 262
17, 063
20, 145

25, 898
29, 119
26, 471
34, 149

2,718
3,145
2,627
3, 613

1935
January
February
March
_. _
April
_

108
105
119
117

308
299
318
322

39, 337
38, 418
43, 642
42, 717

34, 746
33, 756
35, 837
36, 276

22, 082
21, 033
19, 817
21, 747

12, 664
12, 723
16, 020
14, 529

27, 271
25,644
29, 085
29, 083

2,979
2, 856
3,035
3,108

May
June
July
August

95
102
87
89

262
271
248
255

34, 605
37, 228
31, 884
32, 452

29, 529
30, 526
27, 916
28, 749

17, 469
16, 095
17, 073
16, 947

12,060
14, 431
10, 843
11,802

27, 455
26, 987
25, 707
25, 085

2, 873
2, 833
2,888
2,794

September
October
November
December

114
170
144
166

309
464
396
473

41, 487
62, 197
52, 764
60, 850

34, 846
52, 340
44,618
53, 311

19, 359
30, 375
25, 824
30, 522

15, 477
21, 965
18, 794
22, 789

28, 551
32, 489
29, 962
38, 656

3,002
3,352
2,970
4, 126

37, 858

22, 591

If), 267

Value Number

Value

Thousands

trial
cities

Thous. Thouof dolls. sands

Thousands of
dollars

Thousands of
agate lines

29,116

100
105
120
154
186
203
264

103
72
79
99
105
118

1934
September
October
November _ .
December

1936
January
February
March
April
May
June

$2, 525
2, 598
2,684
2, 898
2, 860
3,367
5,051

6,313 $34, 812
7,248 40, 592
7,149 44, 863
6,784 50, 587
7,773 65, 356

1, 315 $11, 467
1,470
12, 702
1, 610
14, 657
1,711 17, 837
1,895 21, 713

$8, 526
6,781
4,464
3,667
3,230
3,151
3,030

1,224
1 161
1,147
1,415
1,490
1,344
1,890

61, 440
62, 671
61,067
83, 859

5 914
4, 898
6,851
7,233
7,386

8,098
8,211
9, 409
10, 391
10, 797
11, 161

72, 432
64, 827
68, 462
78, 913
84, 515
81, 287

2, 059
2,107
2,340
2,684
2,981
3,105

25, 017
23, 351
24, 544
28, 005
29, 831
31, 094

2,390
1,877
2,282
3,531
4,306

2,305
1,480
1,573
1,953
2,034
2,094

95,832
86, 661
91, 131
97, 402
96, 469
101, 081

6,682

9,880
12,000
11, 294
13, 558

77, 980
95, 784
88, 962
100, 098

2,795
3,052
2,941
3,573

28, 398
30, 763
29, 802
34, 002

3,706
3,861
4,581
7,656

1,795
2,213
2,201
2,121

94, 696
108, 040
103, 239
102, 927

11, 188
10, 533
12, 909
12, 031

61, 179
74, 014
91, 845
87, 883

3,127
2,960
3,605
3,234

30, 563
28, 683
33, 512
31,097

3,646
3,956
4,704
3,816

1,537
1,975
2,222
2,443

93, 088
85, 803
106, 501
107, 902

10, 486
11, 933
9,763
9,233

78, 573
80, 682
74, 469
58, 250

3, 014
3, 127
2,961
2,771

30, 230
30, 840
29, 361
29, 075

3,859
4,444
3, 998
4,431

2,392
2,232
1,675
1,489

109, 142
96, 012
82, 044
85, 660

9,716
12, 008
10, 916
13, 221

79, 336
99, 240
88, 548
101,440

2,801
3,154
3, 065
3, 546

29, 456
33, 041
32, 016
35, 252

4,036
4,463
5,657

1,979
2,421
2,506
2,251

99, 427
119, 754
117, 231
110,410

7,563

7, 917

7, 457

7,063

!

„

1

i

!

1 Sales of four principal mail-order houses compiled by Federal Reserve Board and include Sears, Roebuck & Co., Montgomery Wrard & Co., National Cloak & Suit Co.
Larkin & Co. Data on two chief houses, extending back to 1913, total the sales of Sears, Roebuck & Co. and Montgomery Ward & Co.
2
Data from U. S. Post Office Department, comprising receipts for transporting all classes of mail. The 50 selected cities cover the largest cities in the country, the industrial cities comprising the 50 next largest. The war revenue act of Oct. 3, 1917, provided for an increase in the rate for first-class letter mail from 2 cents per ounce or
fraction thereof prior to Nov. 1, 1917, to 3 cents per ounce or fraction thereof, from Nov. 1, 1917, to July 1, 1919, and an increase of the rate on postal and post cards from 1
cent to 2 cents each during the same period. Since July 1, 1919, the old rates on first-class mail have been restored. Under this act a stamp tax of 1 cent for each 25 cents
ostage charge or fraction thereof is collectible on parcel-post matter. Effective April 15,1925, the new postal rates applicable almost entirely to matter other than first class
ave operated to increase the magnitude of these data, thereby affecting their comparability from this point forward.
3
Note that these data from U. S. Post Office Department represent quarters ending in the months specified and the annual figures represent quarterly averages for each
year, not monthly averages. Second-class mail comprises regular mailings of periodicals. The war revenue act of Oct. 3,1917, provided for a series of graduated annual rate
increasesl on second-class mail as follows, compared with a flat rate of 1 cent per pound previous to July 1,1918. From July 1,1918, to June 30,1919, lM cents, and since July
1, 1919, l /% cents per pound, these changes applying regardless of zone or distance, to portions of publications devoted to reading matter. For the advertised portions the
country was divided into eight zones, each with a graduated rate and its corresponding annual increase, beginning with July 1, 1918, and reaching the maximum on July
1,1921, making, for the first time, a differentiation between the rates on reading and advertising matter.
4
Total of 50 cities transacting two-thirds of the total money-order business of the country, from the U. S. Post Office Department. Money orders paid include, in addition to those both issued and payable in the 50 cities, those presented for payment but issued at any of the other offices in the United States and the 22 foreign countries,
mostly in North America and West Indies, to which domestic postage rates apply.
« Money orders issued to 67 principal foreign countries, representing practically the total international money orders issued by U. S. Post Office Department.
6
These figures represent the number of lines of advertising carried by the 60 leading magazines dated for the month noted, as compiled by Printer's Ink, classified as
follows: 20 general, 15 womens', 16 class, and 9 weeklies.
7
Compiled by the New York Evening Post from 22 identical cities: New York, Chicago, Philadelphia, Detroit, Cleveland, St. Louis, Boston., Baltimore, Los Angeles,
Buffalo, San Francisco, Milwaukee, Washington, Cincinnati, New Orleans, Minneapolis, Indianapolis, Columbus, Louisville, St. Paul, Birmingham, and Houston. For
the years 1916 to 1918 no reports were available for Boston, Louisville, Houston, and Columbus. The totals for those years were computed from the actual reports of the
18 other cities, allowing 13.85 per cent of the total to the four missing cities, the average ratio of those cities to the total in the subsequent years,
« Six months' average, July to December, inclusive.

g

79396°—26




8

114
Table 90.—LIFE INSURANCE—NEW BUSINESS AND PREMIUMS
PREMIUM COLLECTIONS
(new and renewal)

NEW BUSINESS
Ordinary

YEAR AND MONTH

Group

Industrial!

Ordinary

Total

Number Number ThouThou- Num- Number Thouof policies
sands of ber of of cer- 2 sands of ; of policies and cer- sands of
and
con- tificates dollars
dollars tracts
contracts tificates 2 dollars 1

Number
of
policies

Thousands of
dollars

Number
of
policies

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

79, 717
79, 230
83, 803
96, 222
111,686
112, 159
181, 094

$143, 470
138, 519
146, 878
181, 569
213, 193
221, 940
388, 260

379, 819
410, 189
428, 559
414, 605
414, 443
433, 226
465, 248

$51, 999
55, 217
58, 128
58, 645
61, 484
66, 099
77, 901

5
6
11
31
81 71
164

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

206, 577
165, 651
168, 115
197, 457
198, 683
215, 819

473, 417
392, 315
429, 113
514, 884
545, 633
630, 695

499, 938
550, 065
582, 102
662, 259
703, 769
804, 380

93, 044
104, 813
118, 234
143, 338
163, 630
196, 598

190
59
98
159
132
165

1923
September
October
November
December

177, 163
191,810
197, 268
239, 328

440, 968
490, 360
515, 700
627, 385

556, 415
668, 393
656, 873
681, 525

124, 905
152, 061
146, 882
153, 154

49
77
88
488

172, 587
184, 945
234, 227
213, 613

492, 559
504, 553
635, 192
580, 949

766, 821
649, 135
693, 674
705, 346

179, 656
143, 762
156, 792
158, 557

102
89
121
112

May
June
July
August

223, 473
205, 466
188, 335
174, 284

600, 324
573, 508
536, 897
484, 966

760, 648
674, 481
595, 545
609, 703

173, 629
154, 495
135, 015
141, 525

September
October
November
December

159, 318
181, 569
216, 103
230, 278

436, 618
501, 459
524, 384
676, 188

614, 848
830, 831
641, 128
903, 065

178, 402
185, 907
219, 283
215, 715

537, 504
558, 754
668, 447
651, 735

241, 349
219, 984
214, 633
210, 408

722, 962
651, 674
653, 273
623, 404

187, 944
224, 370
219, 593
272, 239

| $1, 736
3,795
3 911
6 565
- 14, 873
20, 5S2
35, 487 !

29, 817
45, 584

!

Thousands of dollars

$38, 953
40, 508
42, 262
45, 721
50, 485
54, 579
64, 34.8

$10, 778
11, 580
12, 421
13, 280
14, 440
15, 807
18, 088

$36
52
97
143
308
536
991

$49, 767
52, 138
54, 780
59, 144
65, 233
70, 922
83, 427 1

601, 650
506, 410
570? 389
701, 579
759, 090
910, 564

75, 462
81, 424
89, 242
99, 631
110, 287
125, 119

20, 342
22, 587
25, 751
30, 057
34, 178
39, 119

1,498 1
1,545 !
1,621
2,092
2,618
4,625

97,302 i
105, 556
116, 614
131, 779
147, 083
168, 863

587, 264
652, 249
681, 420
1, 012, 108

!

706, 706 •
715, 775
750,313
859, 874
902, 584
932, 269
1, 020, 364 1, 065, 782

35, 4-90
9, 281
23, 043
43, 357
49, 827
83,271

Total

$197, 115
197, 531
208, 946
246, 780
289, 550
308, 621
501, 648

459, 541
489, 425
510, 859
526,210
545. 45fi
<U6. 506

Indus- Group
trial

;

84, 838
98, 241
99, 377
119, 800

27, 378
30, 697
29, 195
48, 803

1,695
2,174
2,345
3,093

113,911
131, 112
130, 917
171, 697

21, 391
9,828
18, 838
231, 568

733, 627
860, 280
854, 229
921,341

16, 415
10, 650
20, 489
24, 758

19, 127
15, 421
35, 040
44, 269

939, 510
834. 169
928, 022
919, 071

955, 823
844, 730
948, 390
943, 717

691, 341
663, 736
827, 024
783, 775

106, 045
108, 162
111,422
113,205

29,867
30, 200
32, 814
29, 235

2,734
2,570
1,684
2,545

138, 646
140, 932
145, 920
144, 985

111
99
114
71

20, 006
13, 217
17, 878
14, 828

35, 002
21,519
31, 343
22, 949

984, 232 1, 004, 127
880, 046
893, 164
783, 994
801, 758
784, 058
798, 815

808, 955
749, 521
703, 255
649, 439

114, 686
107, 888
113,019
99, 417

32, 963
32, 744
30, 758
32, 530

2,435
2,281
2,879
2,339

150. 084
142,913 i
146, 656
134, 286

145, 052
198, 461
150, 718
225, 892

75
87
132
472

13, 906
70, 805
25, 771
109, 080

19, 369
131, 134
38, 624
184, 130

774, 241
601, 038
788, 072
831, 054
1, 012, 487 1, 083, 205
713, 726
857, 363
883, 002
1, 133, 815 1, 242, 423 1,086,210

95, 049
109, 188
103, 731
141, 633

33,811
33, 405
32,190
59, 616

2,148
3,025
2,593
4,186

131, 008
145, 617
138,515 I
205, 434

618, 425
732, 120
809, 517
803, 384

147, 441
177, 666
193, 604
196, 895

178
114
129
143

47, 477
22, 769
27, 016
37, 255

68, 969
36, 728
40, 822
66, 428

844, 304
797, 005
918, 141
940, 796
1, 028, 929 1, 055, 816
1, 019, 242 1, 056, 354

753, 914
773, 148
902, 874
915, 059

116, 835
116, 975
128, 544
128, 710

36, 550
32, 901
37, 022
33, 829

4,171
3,125
9,173
5,124

157, 558
153, 000 1
174, 738
167, 663

882, 325
788, 352
734, 531
717, 402

217, 735
198, 113
182, 991
181, 048

143
160
121
118

23, 225
32, 236
27,' 785
68, 894

39, 106
47, 606
54, 973
126, 892

1,123,817 1, 146, 899
1, 008, 496 1, 040, 572
949, 285
976, 949
927, 928
996, 704

979, 803
897, 393
891, 237
931, 344

127, 080
121, 806
125, 554
109, 737

36, 573
37, 977
36, 665
37, 808

3,586
3,263
3,375
3,682

167, 240
163, 046
165, 593
151, 227

691, 227
538, 166
630, 262 1, 199, 183
851, 209
596, 833
824, 881
735, 325

175, 114
256, 704
207, 980
223, 883

107
114
172
485

20, 045
38, 122
26, 490
175, 691

37, 800
54, 446
111,087
314, 396

879, 278
751, 080
899, 216
941, 412
1, 423, 667 1, 461, 675
915, 900
1, 070, 974 1, 097, 292
1, 097, 605 1, 272, 811 1, 273, 604

107, 367
130, 045
130, 920
157, 858

37, 057
38, 951
39, 074
65, 018

3,124
4,841
4,940
7,100

147, 548
173, 837
174, 934
229, 976

1924
January
February
March
April.

.

.

1925
January
February
March___
April.

May
June
July
August

.

September
October
November
December

1926

1

January
February
M arch
\pril

j une

«

j

|

!

j

1 Compiled by the Association of Life Insurance Presidents. The data on new business represents only new business that has been paid for, exclusive of revivals, increases
and dividend additions. Premium collections show the amount of money actually invested in life insurance each month, and include total premium collections, new and
renewal, and considerations for annuities and for supplementary contracts involving and not involving life contingencies. The 45 companies whose figures are included
in this table had in force 81 per cent of the total legal reserve life insurance outstanding in the United States as of Dec. 31, 1923. Complete monthly data from 1922 were
given in September, 1924, issue (No. 37), p. 37. Data given in previous issues cover a smaller number of companies.
2
This column, by adding together the number of policies issued for ordinary and industrial insurance and the number of certificates issued under group insurance contracts, indicates the trend in number of persons covered by new insurance, but does not show the exact number of persons covered, since one person may have several policies
of ordinary insurance and in addition hold a certificate under a group contract.




115

Table 91.—LIFE INSURANCE—ASSETS AND SALES BY DISTRICTS
SALES, ORDINARY INSURANCE (81 companies) 2

ADMITTED ASSETS (41 companies) 1
Mortgage loans
YEAR AND
MONTH

Grand
total

Total

Farm

Bonds and stocks (book values) Policy
loans
and
GovPublic preMail- utili- mium
ernTotal
road
notes
ment
ties

All

other

|

1
i

av _
av _ _
av
av___
av

Far
Western

Thousands of dollars

Millions of dollars

1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.

Western Western
man u« agricul- Southern
faeturtural
ing

Eastern
manufacturing

United
States,
total

$154,321

$425, 092
459,
549,
584,
672,

292
296
871
286

174,
208,
233,
267,

242
526
584
430

$90, 152
98, 380
121, 194
127, 321
144, 071

$81, 074
78, 899
90, 912
91, 008
107, 277

$57, 145
61, 645
72, 403
72, 954
85, 645

$42, 400
46, 126
56, 261
60, 005
68, 199

$3, 327
3, 428

$1, 219
1, 119

$1, 750
1, 849

$281
365

$928

3,316

1,222
1,218
1, 215
1,201

1,748
1,754
1, 758
1,765

274
281
282
285

919
924
930
936

625,
590,
534,
538,

957
460
075
043

244, 865
219, 359
191, 717
199, 159

132,
130,
119,
121,

998
081
248
745

104, 387
98, 602
92, 920
88, 466

81, 780
81, 792
69, 925
68, 431

61, 927
60, 626
60, 265
60, 242

3,354
3,366

1, 200
1,195
1,192
1, 184

1,769
1,775
1,780
1,792

287
293
301
305

939
946
949
953

475,
554,
548,
610,

957
773
669
751

175,
212,
212,
206,

511
757
548
217

103,
127,
124,
137,

573
070
472
473

81, 569
90, 734
86, 698
107, 019

63, 742
69, 436
69, 368
88, 340

51, 562
54, 776
55, 583
71, 702

1,595
1,618
1,638
1,666

3,363
3,376
3,378
3,388

1,180
1,172
1, 155
1,138

1,783
1,787
1,800
1,813

312
327
333
345

960
966
972
981

538,
546,
667,
662,

601
521
577
591

238,
226,
275,
274,

057
893
970
522

113, 109
120, 674
148, 620
142, 996

75, 689
80, 796
96, 836
98, 652

60, 148
62, 891
81, 871
81, 478

51, 598
55, 267
64, 280
64, 943

1,394
1,396
1,416
1,425

1,691
1,724
1,745
1,770

3,403

1,124
1,111
1,103
1,098

1,833
1,845
1,855
1,869

354
360
370
376

987
996
1,004
1,007

638,
515,
591,
508,

768
271
346
389

252,
208,
232,
189,

343
688
179
574

139, 517
113, 596
125, 260
112, 012

99, 914
73, 178
97, 648
82, 024

78, 975
72, 375
73, 245
68, 203

68, 019
47, 434
63, 014
56, 576

3,227
3,263
3,298
3,338

1,433
1,439
1,444
1, 452

1, 794
1,824
1,853
1,886

3,453

1,092
1,085
1,085
1,086

1,883
1,899
1,909
1,915

381
388
405
430

1,012
1,017
1,018
1,020

487, 944
572, 184
545, 152
744, 111

180, 485
224, 325
218, 834
281, 134

106, 181
124, 841
115, 577
165, 469

84, 217
93, 489
88, 871
120, 784

62, 616
69, 226
65, 490
98, 928

54, 445
60, 303
56, 380
77, 796

8,549
8,606
8,673
8,755

3,377 |

1, 456
1, 460
1, 474
1, 483

1,921
1,950
1,975
2,013

3,547

1,082
1,078
1,067
1,061

1,922
1,927
1,939
1,946

441
454
474
486

1,027
1,032
1, 039
1,048

559, 916
611, 480
702, 994
716, 078

238,
259,
284,
293,

217
837
997
452

120, 740
131, 410
152, 821
149, 330

81, 576
92, 432
111, 129
116, 079

62, 662
72, 367
88, 054

56, 721
55, 435
69, 036
69, 163

8, 825

3,542
3,586
3,633

2,050
2,086

3,624
3,647

2,126
2,161

3, 666

3,671

1, 492
1, 500
1, 507
1,510

1, 055
1,048
1,038
1,040

1,960
1,974
1,983
1,989

506
521
538
545

1,057
1,066
1,075
1,083

737,
694,
692,
651,

515
577
492
110

298,
268,
288,
250,

032
911
312
691

154,
148,
144,
140,

941
939
296
368

117,
116,
107,
105,

751
109
665
099

94, 436
90, 515
82, 901
83, 514

72,
70,
69,
71,

3,707
3,750
3,796

1, 513
1, 515
1,518

2,195

3,694
3,713
3,751

1,041
1,035
1,048

2,001

2,235
2,278

547
567
580

1,092
1,099
1,103

590,
668,
637,
804,

771
794
023
684

219,
258,
252,
296,

426
616
514
151

127,
148,
136,
173,

582
401
517
510

98, 954
107, 380
99, 155
133, 997

80, 030
86, 527
81, 492
116, 231

$7, 409
8, 091

$2, 694
3, 138

$1, 261
1,405

$1, 432
1,734

7,329
7,370
7,429
7,470

2, 635

1, 251
1, 266
1, 281
1,291

1,384
1,409
1,444
1,469

7, 522
7, 583 |
7,641

2,789
2,829
2,866
. 2, 903

1,487
1,517
1,544
1,567

3, 337
3, 343

7,706

1,302
1,312
1,322
1,335

7,772
7,823
7,877
7,936

2,941

2,975
3,009
3,049

1,346
1,357
1,370
1,382

7,994

3,084

8, 046
8, 115
8, 164

3, 120
3,162
3, 195

8, 231
8, 297

920

1

1933
May...
June
July
August
September
October
November
December

1924
January
February
March
April
May
June
July .
August

_

September
October
November
December

1935
January
February
March
April .
May
June__
July
August .

8,359
8,476

.
.

September
October. _ __ _
November
December. _. _

1926
January
February
March
April _

8,892
8,974
9,039
9,121

9,209
9,292

_

May
June

2,675
2,725
2,760

3,410

3,449
3,496

3,327
3, 335

3,330

4,413

3,424
3,440
3, 469

3,496
3,534

3,561

3,583
3,595

3,680

2,005
2, 015

85,011

355
093
318
438

64, 779
67, 871
67, 345
84, 795

i

li /.: "..
|
j

1
Compiled by the Association of Life Insurance Presidents from special reports of 41 companies having 82 per cent of the total admitted life insurance assets of United
States legal reserve companies; the data are given as of the end of each month and are designed to show the fluctuations in the cha racter of investments of life insurance
companies. Admitted assets embrace all assets permitted by statute to be included for testing the solvency of the compan ies; in addition to the items separately listed,
the total also includes real estate, collateral loans, cash, bills receivable, interest due and accrued, deferred and unpaid premiums, etc. Of the bonds and stocks, approximately 98K per cent are bonds and \y% per cent are stocks.
2
Represents data on ordinary life insurance only (thus excluding industrial and group insurance) compiled by the Life Insurance Sales Research Bureau from 81 insurance companies who held on Jan. 1, 1923, 88 per cent of the total ordinary legal life reserve in force in the United States. Monthly data for 1921 were given in the April,
1924, issue (No. 32), p. 56. The Eastern Manufacturing district includes Maine, Nevs "




116
Table 92.—SAVINGS DEPOSITS
BALANCE TO CREDIT OF DEPOSITORS— END OF MONTH 1
Federal Reserve Districts
YEAR AND MONTH

Boston
(64
banks)

Total
deposits

New
York
(30 banks)

Philadelphia
(78
banks)

Cleveland
(18
banks)

Richmond
(91
banks)

Chicago

Atlanta

St.
Louis
(32
banks)

(209
banks)

(96
banks)

Minneapolis

(15
banks)

KanDalsas
las
City
(85
(56
banks)
banks)

United
New
States
York
postal
State
Savings
sav2
banks
ings

San
Francisco

(72
banks)

:

I

Thousands of dollars

1919 monthly
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly

av.
$612, 598
av. $5, 437, 438 $1, 036, 420 $1, 532, 956 $389, 823 $345, 252 $225, 478 $168, 731 751, 870
av. 5, 776, 628 1, 064, 315 1, 653, 162 414, 761 387, 425 244, 718 179, 872 768, 358
av. 6, 010, 260 1, 100, 456 1, 728, 301 424, 527 382, 759 268, 675 186, 916 771, 608
av. 6, 592, 987 1, 185, 836 1, 850, 108 457, 860 430, 824 289, 760 213, 522 855, 825
av. 7, 071, 281 1, 255, 184 1, 973, 919 490, 727 477, 603 314, 207 288, 629 906, 714
av. 7, 544, 886 1, 320, 771 2, 096, 124 522, 839 518, 900 347, 036 246, 996 941,761

j

$90, 554
104, 871
115,412
128, 949
141, 030
158, 128

$71, 707
77, 010
79, 643
88, 954
92, 077
98, 322

$80, 957 $44, 800 $699, 790
89, 212 47, 774 745, 150
95, 697 52, 177 804, 090
104, 649 59, 855 926, 410
108, 544 66,612 1,016,024
109, 360 73, 422 1,111,200

2, 223, 216
2, 465, 491
2, 635, 572
2, 800, 118
3, 090, 659
3, 258, 920
3, 491, 492

161, 373
163, 434
154. 124
138, 168
132, 190
133, 025
132, 824

1923
May
June
July
August

6, 529, 146
6, 632, 093
6, 625, 604
6, 625, 963

1, 178, 188
1, 188, 854
1, 192, 585
1, 194, 152

1, 825, 584
1, 859, 503
1, 854, 810
1, 854, 412

454, 744
456, 919
461, 876
461, 922

421, 667
430, 919
430, 014
432, 286

293, 716
291, 721
289, 348
288, 652

213, 045
218, 835
218, 777
215, 358

850, 375
867, 505
858, 068
858, 657

128, 605
129, 907
129, 740
130, 158

87, 989
89, 123
88, 820
88, 820

104, 380
106, 623
105, 136
103, 892

59, 594
59, 976
60, 306
60, 716

911, 259
932, 217
936, 123
936, 938

131, 751
3, 040, 789 131,671
131, 726
132, 502

September
October
November
December

6, 672, 204
6, 703, 325
6. 743, 274
6, 878, 154

1, 198, 304
1, 204, 326
1, 207, 722
1, 217, 267

1, 873, 986
1, 871, 644
1, 876, 107
1, 923, 763

461, 474
461, 935
463, 010
480, 131

435, 528
441, 103
455, 596
464, 948

290, 092
290, 783
290, 543
293, 193

217,318
218, 209
218, 340
220, 771

861, 491
872, 155
882, 010
897, 508

130, 128
131, 741
131, 862
134, 823

90, 326
90, 043
90, 517
92, 410

103, 871
104, 422
106, 557
109, 265

60, 740
61,517
63, 024
63, 870

948, 946
955, 447
957, 986
980, 205

133, 077
133, 157
132, 833
3, 144, 094 131,518

1924
January
February
March
April

6, 878, 006
6, 938, 646
6, 990, 191
6, 988, 843

1, 227, 742
1, 235, 079
1, 241, 474
1, 247, 828

1, 922, 678
1, 928, 114
1, 948, 347
1, 941, 969

483, 826
485, 354
485, 844
487, 634

458, 720
463, 107
465, 952
465, 639

293, 099
298, 464
302, 960
308, 941

219, 855
224, 817
227, 205
228, 250

891, 580
895, 491
903, 725
900, 802

135, 025
135, 929
136, 244
92, 697

92, 303
92, 076
93, 542
92, 967

108, 714
108, 653
108, 394
108,918

64, 526 979, 938
65, 082 1,006,480
65, 563 1,010,941
65, 818 1,002,532

3, 168, 327
3, 172, 696
3, 233, 022
3, 210, 507

130, 277
13 2> 152
132, 770
132, 565

May
June
July
August

7, 001, 598
7, 089, 775
7, 070, 720
7, 087, 421

1, 249, 697
1, 256, 624
1, 256, 927
1, 261, 004

1, 945, 064
1, 981, 700
1, 974, 972
1, 977, 476

487, 460
488, 816
489, 816
490, 950

471, 062
467, 618
479, 171
480, 963

309, 589
315, 352
317, 903
322, 551

229, 719
234, 474
228, 026
229, 159

904, 430
916, 257
902, 603
901, 674

139, 262
138, 550
138, 176
138, 576

89, 735
90, 982
90, 656
90, 772

110, 328
111,942
108, 921
109, 229

66, 020 999, 232
68, 035 1,019,515
66, 824 1,016,725
66,811 1,018,256

3, 208, 840
3, 267, 717
3, 267, 064
3, 261, 053

133, 072
132, 655
132, 915
133, 938

September
October
November
December

7, 132, 377
7, 151, 529
7, 194, 415
7, 331, 850

1, 263, 800
1, 268, 465
1, 271, 490
1, 282, 074

2, 002, 659
2, 001, 536
2, 006, 184
2, 056, 333

491, 805
492, 285
494, 478
510, 461

483, 342
489, 511
499, 463
506, 689

323, 350
325, 899
324, 495
327, 880

228, 710
228, 410
230, 308
234, 515

902, 737
910, 932
917, 748
932, 593

138, 247
141,026
157, 231
156, 548

92, 078
92, 444
92, 787
94, 674

108, 065
106, 979
105, 620
106, 881

67, 805
67, 849
67, 523
67, 490

1,029,779
1,026,093
1,027,088
1,055,712

3, 302, 442
3, 308, 534
3, 318, 009
3, 388, 832

133, 965
134, 405
134, 235
133, 346

1925
J anuary
February
March
April .

7, 352, 486
7, 429, 237
7, 468, 662
7, 462, 769

1, 295, 931
1, 302, 424
1, 310, 807
1, 310, 741

2, 058, 549
2, 063, 855
2, 083, 503
2, 077. 949

518, 203
520, 032
521, 786
521, 363

506, 884
509, 621
512, 388
512, 129

330, 002
334, 662
336, 269
344, 629

231, 278
234, 754
235, 180
238, 246

924,912
932, 382
933, 809
930, 626

157, 486
157, 483
157, 264
158, 549

95, 908
96, 384
97, 845
97, 340

106, 855
107, 868
108, 842
107, 146

68, 434
70, 066
71, 336
72,118

1,058,044
1,099,706
1,099,623
1,091,933

3, 409, 097
3, 417, 732
3, 462, 469
3, 468, 903

133, 472
134, 033
133, 892
133, 216

May
June
July
August

7, 497, 371
7,611,975
7, 542, 166
7, 562, 671 1

1, 314, 076
1, 322, 249
1,324,310
1,326,980

2, 079, 086
2,108,961
2, 098, 522
2, 095, 847

522, 105
519, 162
520, 609
520, 820

517, 774
530, 948
518, 577
521, 321

347, 148
355, 723
352, 398
351, 147

242, 128
252, 304
242, 696
244, 558

941,509
953, 861
933, 901
939, 038

159, 127
160, 522
155, 878
156, 271

96, 672
98, 136
97, 975
98, 453

107,
108,
107,
114,

908
727
769
110

72, 789
75, 068
73, 624
74, 331

1,097,049
1,126,114
1,115,907
1,119,795

3, 464, 585
3, 517, 264
3,502,011
3, 502, 526

132, 880
132, 186
131,610
132, 100

September
October
November
December

7, 604, 962
7, 613, 545
7, 646, 986
7, 745, 301

1, 329, 853
1, 332, 605
1, 335, 978
1, 343, 302

2,114,729
2, 108, 618
2,113,380
2, 150, 606

522, 453
523, 094
523, 646
540, 799

521, 120
521, 262
526, 885
527, 892

348, 699
353, 016
356, 396
354. 343

253, 104
258, 465
263, 469
267, 709

940, 952
947, 951
955, 175
967, 017

159, 071
158,315
159, 357
158, 211

99, 939
99,915
100, 121
101, 177

113,957
113, 151
108, 953
107, 039

75, 078
75, 531
76, 675
76,010

1,126,007
1,121,622
1,126,951
1,151,636

3, 487, 629
3, 529, 169
3, 533, 841
3, 602, 675

132, 159
132, 398
132, 711
133, 235

1926
January
February
Mi arch
April
May
June

i

1
^

"""II

I

.

1
Savings deposits in each Federal Reserve district (including both commercial and savings banks) compiled by Federal Reserve Bank of that district from reports of
identical banks, except Atlanta, Kansas City, and Dallas districts, which have been computed on chain relatives since June, 1923. Deposits in savings banks of New York
State furnished by Savings Banks Association of the State of New York; postal savings from U. S. Post Office Department. Yearly averages from 1913 to 1918 for both of these
columns appeared in the February, 1925, issue (No. 42), p. 141.
2
Yearly figures from 1914 to 1920, inclusive, and for 1923 are averages of deposits on June 30 and December 31 of each year; 1913 figures are for December 31; 1921 is
average of four quarterly figures, and 1922 is average of three quarterly figures. Monthly data beginning with 1924 calculated by adding to incomplete monthly reports
to the association the depositors' balance of the few nonreporting banks at the previous semiannual period.




117

Table 93.—PUBLIC FINANCE
U.S.
GOVERNMENT
DEBT*
Total
Interest
bearing

YEAR AND
MONTH

Gross
debt

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

MONEY
IN CIRCULATION 3

GOLD

OrdiShort- CusTotal
Per
Imexterm
toms ordinary narydi- Total capita ports 4
pen
debt receipts receipts tures

Millions of dollars

1913
1914
1915
1916
1917
1918
1919

!

U.S.
GOVERNMENT
FINANCES 2

$996
968
970
972
2,713
11, 986
25, 234

$1, 193
1,188
1,191
1,225
2,976
12, 244
25, 482

$8,047

$26, 512
24, 344
17, 439
17, 636
18, 832
15, 000
15, 371

1920 mo. av
1921 rno. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av

24, 061
23, 737
22, 711
22, 008
20, 982
20,211

24, 298
23, 976
22, 964
22, 350
21, 251
20, 516

7,843
7,618
6,746
5,743
8,072
6,254

26, 909
25, 714
29, 704
46, 827
45, 470
45, 630

fl

Pro- Price
in
Im- Exducports 4 ports 4 tion 7 New
York e

Thous. Dolls,
of fine per fine
ounces ounce

Dollars

Thousands of
dollars

$3, 364
3, 402
3, 261
3,591
3,849
4,336
4,795

$34. 56
34. 35
32.38
35. 06
36.96
40. 96
45. 18

$5, 309
4,782
37, 663
57, 166
46, 038
5,170
6,378

$7, 650
18, 551
2,619
12, 999
30, 990
3,422
30, 682

148, 050
155, 083
157, 830
133, 597
112,495
86, 472
71, 093

732, 779
698, 275
757, 823
772, 128
751, 855
701, 722
694, 174

$2, 989
2,163
2,874
2,689
4, 445
5,948
7,451

$5, 231
4,300
1,467
5,883
7,011
21, 071
19, 918

5, 332
4,843
4,374
4, 729
4, 755
4,734

50.11
44.80
39.86
42.50
42.20
41. 49

35, 729
57, 604
22, 931
26, 893
26, 643
10, 690

26, 841
1,991
3,073
2,387
5,137
21, 887

62, 377
80, 183
86, 314
84, 044
90, 234
87, 693

679, 801
676, 216
585, 009
761, 088
799, 803
799, 815

7,338
5,270
5, 901
6,204
6,162
5,383

9,468
4,298
5,234
6,039
9, 158
8,261

4,714
4,477
4,623
5, 445
5, 352
5, 282

1.009
.627
.675
.649
.668
.691

$60, 315
$60, 474
61, 195
61, 282
57, 972
63, 353
65, 003
61, 250
94, 037
165, 025
305, 382 1,058,153
429, 355 1, 543, 575
557, 880
468, 744
342, 425
333, 928
334, 337
315,012

Domestic
Rand
receipts output
at mint 5

Millions
of
dollars

Thousands of dollars

av
av
av
av
av
av
av

Exports5

SILVER

540, 174
461, 517
316, 275
308, 123
292, 223
294, 137

Fine ounces

Thousands of
dollars

5, 567 $0. 598
.548
6,038
6,247
.497
6,201 .657
5,978
.814
5,651 .968
4,723 1.111

!

1934
January
February
March
April

21, 574
21, 521
21, 357
21, 354

21, 844
21, 783
21, 624
21,615

8,541
8,491
8,327
8,325

40, 019
50, 207
51, 459
45, 696

183,
206,
646,
214,

307
607
389
306

260,
208,
291,
327,

765
432
026
002

4,682
4, 808
4, 813
4,760

41. 77
42. 85
42.85
42. 33

46, 136
35,111
34, 322
45, 418

281
505
817
1,391

74, 392
89, 636
82, 334
78, 870

796, 768
760, 617
795, 671
768, 923

5,980
7,900
6,221
3,908

8,209
8,877
8, 355
7,802

4,660
5,916
5, 535
4, 726

.634
.644
.640
.641

Mav__ __
June
July
August

21, 287
20, 982
20, 991
20, 981

21, 545
21, 251
21, 254
21, 245

8, 259
8,072
8,081
8,071

45, 221
43, 276
43, 945
45, 621

190,
601,
195,
185,

408
580
704
763

256,
288,
207,
196,

085
055
995
892

4, 815
4, 755
4, 665
4,774

42.78
42.20
41.36
42.28

41, 074
25, 181
18, 834
18, 150

593
268
327
2,397

78, 501
65, 443
90, 089
92, 132

809, 003
773, 053
829, 437
809, 571

5, 640
4,870
7,128
7,042

9, 687
8, 648
9, 190
8,632

5,666
4,903
4,936
5,426

.655
.667
.672
.685

September
October
November
December

20, 983
20, 978
20, 951
20, 712

21, 254
21, 242
21, 213
20, 979

8,073
8,069
8,041
7,046

49, 759
49, 890
40, Oil
40, 129

487,
255,
.174,
570,

390
323
738
792

408,
320,
233,
345,

797
307
758
879

4,806
4, 880
4,994
4, 993

42.52
43. 12
44.08
44.03

6,656
19, 702
19, 862
10, 274

4,580
4,125
6,689
39, 675

106, 919
127, 184
106,488
90, 816

799, 422
827, 583
802, 313
825, 273

7,983
5,829
6,481
5, 884

10, 345
9,465
9, 401
11, 280

5,523
5, 631
5,624
5,674

.694
.708
.693
.681

20, 789
20, 658
20, 608
20, 605

21, 057
20, 981
20, 932
20, 913

7,122
6,992
6,651
6,649

46, 968
46, 190
53, 858
44, 642

171, 600
173, 632
600, 738
182, 641

292,
161,
385,
324,

457
286
129
679

4, 752
4, 804
4,776
4,725

41.86
42. 28
41.99
41.50

5,038
3,603
7, 337
8,870

73, 526
50, 600
25, 104
21, 604

87, 030
80, 294
75, 584
83, 488

823, 692
753, 925
825, 479
787, 519

7,339
4, 929
6,661
4,945

11, 385
6,833
7,917
9,323

5, 509
5, 077
5,931
5, 538

.684
.685
.678
.669

20, 603
20, 211
20, 199
20, 166

20, 899
20, 516
20, 488
20, 447

6,646
6,254
6,241
6,208

42, 004
44, 544
45, 156
49, 114

166,
614,
194,
219,

834
992
945
915

234, 116
418, 349
245, 593
214, 208

4,774
4,734
. 4, 720
4,784

41.89
41.49
41. 31
41.84

11,393
4,426
10, 204
4,862

13, 390
6,712
4,416
2,136

70, 438
71, 652
92, 830
87, 490

813, 249
780, 251
818, 202
808, 218

3,390
4,919
5,238
7,273

6, 536
8,522
8,349
8,285

5,225
5, 481
5,365
5,934

.676
.691
.694
.702

20, 143
20, 141
20, 139
19, 983

20, 418
20, 407
20, 401
20, 248

6,186
6,184
6,182
6,033

51, 017
52, 835
48, 276
46, 223

512, 072
202, 245
184, 931
602, 575

330, 851
323, 432
236, 034
433, 968

4,827
4,901
4,972
5,008

42.17
42.77
43. 35
43.62

4,128
50, 741
10, 456
7,216

6,784
28, 039
24, 360
5,968

78, 329
128, 030
102, 641
94, 504

797, 247
812, 000
787, 000

4,504
5,602
4,049
5,747

7,487
8,783
8,118
7,589

4,845
4,644
4,898
4,937

.716
.711
.692
.689

20, 024

20, 283

46, 136

186, 283

232, 847

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

_.

_.

__

_

September
October
November
December

1926
January
February
March
April
Mav
June

i

-

1
Yearly figures, giving situation as of June 30 each year, and monthly figures up to last two months, are on a warrant basis, as supplied by U. S. Treasury Department. The last two months are on a cash basis as shown in the preliminary Public Debt Statement. Short-term debt includes issues maturing within five years from the
particular date noted; a large increase in a particular month, such as in September, 1923, is usually due not so much to an increase in indebtedness (absence of increase in
the gross debt would show this), but that the maturity date of a certain bond issue has been brought within five years. The increase in September, 1923, was due to the
Third Liberty Loan being brought into this category. At present, besides the Third Liberty Loan, there are included in the short-term debt the following: Loan and tax
certificates of indebtedness, Treasury sayings securities, and Treasury notes. Debt on which interest has ceased and interest-beairng debt redeemable at the pleasure of
the Government but not maturing within five years are not included in this statement. Monthly data extending back to 1921 may be found in the March, 1924, issue
(No. 31), p. 56.
2
Yearly figures are averages for the fiscal year ending June 30 of the year indicated. Monthly figures are taken from the Daily Statement of the U. S. Treasury, in which
further details may be found. The large increase in total receipts every three months is due to payment of income-tax instalments. Expenditures represent those chargeable3against ordinary receipts.
Represents money held outside the Treasury and Federal Reserve System. Prior to July 1,1922, these data were compiled by the Federal Reserve Board and thereafter
by the U. S. Treasury Department. Yearly figures are as of June 30.

* Imports and exports of gold and silver from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
5
Domestic receipts of unrefined gold at U. S. mints from U. S. Treasury Department, Bureau of the Mint.

e Silver prices, representing daily averages for the month in the New York market and gold output from the Rand mines from the Engineering and Mining Journal.
" Production of silver by mines of the United States from American Bureau of Metal Statistics, except annual figures previous to 1921, which are from U. S. Department
of Interior, Geological Survey.



118
Table 94.—BANKING
DEBITS TO
INDIVIDUAL
ACCOUNTS i

BANK
CLEARINGS 2

Reserve
ratio

Total
deposits

Millions of dollars

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

CONDITION OF
REPORTING
MEMBER BANKS a

INTEREST
RATES ^

Total
Net
Total
loans
deand dis- invest- mand
counts ments deposits

Per cent

Notes
In New Outside Bills in cir- Total Total
New
disreYork
York count- cula- invest- serves
City
tion ments
City
ed

In New Outside
New
York
York
City
City

YEAR AND
MONTH

CONDITION OF FEDERAL RESERVE BANKS 3

Millions of dollars

$5, 749
5, 508
5,879
7,713
9,734
11, 801
13, 944

$29
24
224
1,158
1,936

$89
185
606
1,911
2,618

$144
231
466
592

$384
586
1,261
1, 991
2,190

$1, 154
1,738
1, 937

Commercial
doublename
paper,
4 to 6
mos.

New
York
call
loans

Per cent

$9, 260
10, 576

94. 6
83.5
75.6
57.0
50.2

i
!

3.29
3.68
1.90
2.74
3.37
5.08
7.07

5.52
4.80
3.46
3.45
4.73
5.88
5.43

$20, 343

$17, 536

$7, 886
6,918
9,184
13, 298
14, 784
14, 878
19, 650

20,087
17, 258
19, 988
19, 866
21, 961
26, 114

20, 067
15, 914
16, 625
18, 777
18, 996
21, 368

20, 261
16, 194
18, 158
17, 833
20, 823
23, 635

15, 801
12, 212
13, 204
15, 847
16, 347
18, 095

2,557
1,755
550
751
362
500

3,154
2,664
2, 215
2,239
1,866
1,689

685
338
618
399
583
646

2,126
2,672
3,149
3, 192
3,196
2,944

1,922
1,744
1,851
1,941
2,111
2,247

43.5
61.4
77.5
76.4
80.4
74.8

$11, 927
10, 953
11, 788
12, 343
13, 450

$3, 364
4,230
4, 617
4,968
5,464

11, 302
10, 178
10, 855
11,143
12, 065
12, 892

8.58
5.99
4.42
4.87
3.17
4.31

7.38
6.54
4.43
4.99
3.91
4.02

22, 114
19, 886
21, 546
20, 654

19, 384
17,512
19, 192
18, 656

20, 689
18, 120
19, 650
20, 326

16, 862
14, 791
16, 200
16, 052

522
532
482
447

2,023
2,022
1,983
1,926

393
419
460
426

3,263
3,230
3,223
3,223

1,991
1,986
2,007
2,005

81.3
80.6
80.8
82.0

11, 884
11, 874
12, 065
12, 121

4,480
4,496
4,515
4,535

11, 239
11, 165
11, 171
11,439

4.55
4.50
4.00
4.44

4.88
4.78
4.59
4.63

21, 406
21, 926
21, 46'9
20, 916

18, 639
18, 304
18, 662
17, 776

20, 722
19, 959
20, 342

15, 928
15, 360
16, 333
15, 344

430
350
294
263

1,891
1,844
1,762
1, 741

421
476
531
593

3, 214
3,271
3, 260
3,202

1, 997
2,108
2,165
2,150

82.7
82.8
83.0
82.3

11,951
12, 142
12, 265
12, 434

4,659
4,827
4,987
5,091

11,403
11, 837
12, 233
12, 419

3.63
2.25
2.10
2.00

4.23
3.91
3.53
3.25

September
October
November
December

20, 734
22,506
23,047
27, 327

18, 238
20, 912
18, 846
21, 830

19, 291
21, 585
22, 433
25, 626

15, 986
18, 122
16, 743
18, 445

260
223
222
314

1,730
1,767
1,845
1,862

668
802
866
935

3,156
3,132
3,134
3, 047

2,196
2,218
2,203
2,311

80.4
78. 6
77.4
73.0

12, 677
12, 764
12, 870
13, 068

5,331
5,551
5, 617
5,531

12, 630
12, 922
13, 065
13, 254

2.13
2.45
2.60
3.38

3.13
3.13
3.25
3.56

1925
January
February
March
April

27, 682
22, 924
26, 382
23, 945

22, 277
18, 571
21,219
20, 592

26, 721
21, 057
23, 349
22, 849

18, 589
15, 668
17, 759
17, 717

274
434
378
400

1,684
1,729
1,709
1,684

715
696
663
628

3,083
3,030
3,008
2, 993

2,265
2,270
2,184
2,187

78.0
75.8
77.3
77.3

13,051
13, 143
13, 140
13, 232

5,488
5,396
5,478
5, 484

13, 014
12, 932
12, 588
12, 814

3.63
3.81
4.00
4.00

3.63
3.66
3.94
3.97

May
June.
July
August

26, 179
26, 930
25, 458
23, 265

20, 397
21, 681
21, 559
19, 847

23, 847
24, 019
23, 396
20, 219

17, 103
18, 244
18, 570
16, 860

414
455
468
580

1,671
1, 634
1, 598
1,616

640
579
553
547

2,982
2,059
2, 937
2,888

2,202
2, 210
2, 201
2,237

77.0
77.0
77.3
75.0

13, 108
13, 205
13, 217
13, 375

5,485
5,505
5,506
5,471

12, 645
12, 725
12, 815
12, 755

3.95
4.07
4.30
4.31

3.88
3.88
3.93
4.00

September
October
November
December

24, 369
28, 916
27, 009
30, 313

20, 872
24, 008
21, 334
24, 058

21, 774
25, 952
23, 477
26, 959

18, 021
20, 299
18, 355
20, 013

633
590
625
750

1,685
1, 695
1,732
1,835

624
660
701
751

2,866
2,893
2 861
2,822

2,268
2, 297
2,291
2,357

72.5
72.5
71.1
67.3

13, 832
13, 901
13, 959
14, 235

5,440
5,443
5, 405
5, 462

13, 046
13, 082
13, 025
13, 261

4.56
4.90
4.75
5.45

4.19
4.40
4.38
4.38

27, 101

19, 631

449

1,667

670

2,953

2, 272

75.0

13, 949

5,478

13, 034

4.50

4.38

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

av
av
av
av
av
av

1924
January
February
March
April
May
June
July
August

__

1926
January
Februarv
A/larch
\pril

__

i

May

i
'

oi 10"
4i. l2i

i
:

!
!

!
j

1

';

!
1

i'

!

!

i
^

1

!

•'

.

i

i

l

i!

i

* Debits to individual accounts are collected by the Federal Reserve Board from about 150 of the larger clearing-house centers. These data represent check transactions
more fully than clearings inasmuch as all checks debited to individual accounts are included and not merely those passing through the clearing house. The figures given
are combined from weekly totals, the first and last weeks of the month being prorated. Data for individual cities were presented in the October, 1923, issue (No. 26),
p. 51 to 55.
2
Figures on bank clearings, showing volume of check transactions passing through the clearing houses, compiled by Bradstreets. Clearings outside New York City
represent 117 cities each year, estimates for some of the smaller cities being necessary in earlier years to complete the data.
3 Condition reports, showing respectively the combined condition of the twelve Federal reserve banks and the condition of over 800 member banks of the Federal reserve
system, are compiled by the Federal Reserve Board. The condition is given as of the last Wednesday of the month, but prior to April, 1921, figures are of the last Friday of
the month. The reserve ratio represents the percentage which total reserves (mostly gold) form of the combined deposit and Federal reserve note liabilities. Prior to
March, 1921, net deposits were used instead of total deposits in calculating reserve ratios. Monthly data from 1920 on condition of Federal reserve banks may be found in the
May, 1922, issue (No. 9), page 123, except for investments, which are given in the September, 1922, issue (No. 13), p. 47.
comn
whi
collateral.

Detailed data by months from 1913 are given in the June, 1924, issue (No. 34), p. 56.




1,19
Table 95.—STOCKS AND BONDS
STOCK PRICES

BOND
YIELDS
(2)

JBOND PRICE INDEX

*

Combined
YEAE AND MONTH index
(103
stocks)
(3)

25
35
indus- railtrials roads
(4)
(4)

Dollars per share

1913 monthly av__
1914 monthly av_ _
1915 monthly av
1916 monthly av
1917 monthly av_ _
1918 monthly av_.
1919 monthly av_.

Combined
index
(40
bonds)
(5)

10
10
high- secest
ond
grade grade
rails
rails
(5)
(5)

10
10
public indusutility
trial
bonds bonds
(8)
(5)

Per cent of par value of 4 per cent bond

Combined
index
(66
bonds)

0)

5 Lib16
erty
and
forTreas- eign
ury

Municipal
bonds

Mis- Liberty
Total
and
cellaneous Victory bonds
bonds bonds

Thous.
of
shares

Thousands of dollars,
par value

4.45
4.16
4.23
4.06
4.31
4.58
4.50

6,924
3,992
14, 448
19, 404
15, 378
11, 948
26, 073

41, 499
56, 959
79, 623
94, 199
61, 866
47, 544
71, 322

5.04
5.02
4.21
4.27
4.21

18, 728
14, 334
21, 852
19, 671
23,503
38, 101

88, 563
115,686
206, 948
161, 354
243, 145
256, 621

4.32
4.36
4.34
4.30

26, 729
20, 636
18,206
17, 792

253,
178,
205,
185,

394
379
567
466

91, 693
53, 375
72, 622
93, 101

345,
231,
278,
278,

087
754
189
567

00
05
41
84

4.26
4.15
4.14
4.12

14, 992
16, 803
24, 226
22, 427

180, 440
287, 519
273, 131
244, 041

91, 979
102, 855
68, 014
62, 231

272,
390,
341,
306,

419
374
145
272

68
67
50
39

4.11
4.11
4.13
4.16

18, 150
17, 826
41, 370
42, 876

212,
247,
336,
313,

357
972
431
044

52, 665
45, 164
52, 987
79, 448

265, 022
293, 136
389, 418
392, 492

82.97
77.57
73.16
80.05
69.12
61.34
62.06

76.76
80.49
75.58
69.84
69.07

89. 79
92. 45
87. 43
80. 02
77. 89

75. 55
78.00
72.42
66.12
66.33

73.73
77.59
72.36
63.89
61.77

70.51
75. 89
71.35
69.36
70.76

$84. 57
97.08
82.13
88.74
110.63

107. 21
79.38
98.58
107. 78
115. 08
152. 49

55.94
53.21
62.38
60. 15
67.18
82.49

59.70
60.15
74.11
71.72
74.32
77.04

71. 33
74.39
85. 50
82.89
85. 11
86. 96

58.54
61.43
71.76
67.71
71.96
76.69

51.99
53.92
67.50
66.26
68.93
70.81

60.12
55.28
8 74. 00
72.27
73. 21
75.45

85.38
94.93
93.40
95. 68
97.52

93.20
99.54
98.77
101. 44
101.62

92.42
101. 22
100. 22
101. 71
103, 04

January
February _ _ _ _
March
__
April

93.00
87.77
82.12
81.00

112. 14
111.83
109. 82
106. 71

60.35
60.47
61. 09
62.09

72.23
72.15
72.35
72.67

83. 59
82. 79
82.76
83.58

68.43
68.72
68.87
69.52

66.12
66.27
67.19
67.53

73.09
72.86
72.42
72.03

93.99
93.78
93.93
94.25

99.50
99.48
99.70
100. 36

99.60
99.77
99.71
99.89

May
June
July
August

80.30
84.83
88.44
89.85

106.
108.
113.
119.

43
93
53
18

62.53
65. 07
68.39
71.06

73.17
74.59
75.81
75.93

84. 42
85.84
87. 22
86. 09

70.62
72.49
73.58
73.52

67.39
69.08
70. 93
71.57

72.34
73.01
73.48
74. 14

94.74
96.35
96. 91
96.63

100.
102.
102.
102.

94
49
97
10

100.
102.
102.
103.

September
October..
November
December.

89.90
90.25
97.77
99.65

116. 73
117. 29
124. 11
134. 29

70.28
69. 63
76. 00
79. 15

75.40
75.74
76.06
75. 77

86.47
86.67
86.43
85. 45

73.69
74.36
75.03
74.65

69.94
70.10
70.45
70.56

73.42
73.75
74.06
73.94

97.00
97.13
96.86
96. 55

102.
102.
102.
101.

66
98
10
98

103.
103.
103.
102.

monthly av_ _
monthly av__
monthly av..
monthly a v. _
monthly av...
monthly av__

Stocks

Per
cent

Per cent of par value

58. 19
58.08
75.35
99.14
85.44
80.98
105. 77

1920
1921
1922
1923
1924
1925

NEW YORK STOCK
EXCHANGE SALES '

41, 499
56, 959
79, 623
94, 199
7 40, 492 85, 690
117, 059 164, 603
236, 814 308, 136

235, 406
173, 130
136, 442
66, 549
72, 178
29, 503

323, 969
288, 816
343, 390
227, 903
315, 323
286, 124

1934

1925
January
February
March
April

105. 06
105. 64
99.78
101. 90

135.
138.
136.
135.

38
48
96
40

79. 97
80.90
79.07
76.28

76.07
76.82
76.38
76. 51

85. 82
86.37
86.98
87.66

75.12
76.00
75.50
75.90

70.63
71.26
70.03
69. 59

74.61
75.16
74.90
75. 05

96.94
97.23
96.76
97.39

102. 21
102. 11
102. 03
102. 62

103. 24
103. 14
102. 32
102. 80

4.16
4.11
4.10
4.07

41, 431
32, 750
38, 568
24, 836

303,
280,
281,
247,

825
237
732
768

48, 638
26, 691
33, 316
30, 283

352, 463
306, 928
315, 048
278, 051

May
June
July
August

104.
108.
110.
112.

142. 34
144. 42
149. 25
158. 16

79. 50
79.57
80.23
83. 63

77.97
78.46
77.56
76.34

88.91
88.77
87. 28
86,, 00

77.49
77.79
76. 78
75.99

71.36
72.06
71. 05
70.66

76. 15
77.01
76. 85
74.27

98.15 102.65
98.18 102. 97
97. 47 102. 14
97.71 102. 46

103. 84
103. 50
103.40
103. 81

3.99
4.00
4.07
4.15

36, 463
30, 860
37, 273
32, 865

313,612
243, 516
237, 909
219, 278

25, 186
33, 074
32, 192
22, 143

338,
276,
270,
241,

798
990
001
421

September

115. 71
121. 39
120. 05
121.84

162.
174.
174.
177.

84.73
85.40
88.13
92.45

76.92
76.73
77.12
77.56

86. 54
86.06
86.22
86.90

76.91
76.78
77.73
72.28

70.95
70.52
70. 65
70.92

74.92
75.17
75.46
75.81

97.55
97.46
97.53
97.81

104.
102.
101.
102.

4.21
4.26
4.22

36, 886
53, 423
48, 981
42, 876

242, 657
258, 979
218, 999
230, 939

21, 066
21, 528
23,011
36,911

263,
280,
242,
267,

723
507
010
850

October...
November
December

1926
January _
February
Miarch
April

68
05
75
71

83
49
39
74

101.40
106. 92
102. 02
101.95

00
75
41
26

j

_

May
June

|

__

i

i
1

Bond sales from Dow, Jones & Co.; stock sales from the Annalist. Monthly data from 1920 are given for most items in this table in the May, 1922, issue (No. 9), pp.
125 and 129.
2
Average market yield of bonds of 20 large cities at the end of each month compiled by The Bond Buyer. Averages for 1913 to 1916, inclusive, taken from Bond Buyer's
Index of the Municipal Bond Market, based on period Jan. 1 to Dec. 1; subsequent yearly data are averages for the period Jan. 31 to Dec. 31.
" This index, compiled as of the last day of the month by the New York Trust Co., includes 25 railroad, 10 iron and steel, 5 railroad equipment, 9 motor (including accessories), 5 rubber tire, 5 shipping, 5 sugar, 5 leather and shoe, 5 tobacco, 10 copper, 10 oil, and 9 New York bank and trust companies.
4
Prices are averages of daily closing prices for these stocks on New York Stock Exchange, taken from the Annalist. Monthly data from 1913 are given in the December,
av
1922, issue (No. 16), p. 47.
s These indexes are compiled by Dow, Jones & Co. from the yields of the average prices of the bonds for each day of the month, the average yields for the 10 bonds of
each6 class being capitalized at 4 per cent to give the combined index.
This index, compiled as of the last day of the month by the New York Trust Co., includes 6 Liberty and Victory bonds (the 2 issues of Victory bonds being replaced
at their redemption by the Treasury bonds, thus making only 5 issues), 16 foreign government and city, 20 railroads, 10 public utilities, and 5 telegraph and telephone issues,
7
Seven months' average, June to December, inclusive.
8
Five substitutions in this series in January, 1922, account for the violent change in the index.




120
Table 96.—NEW SECURITY ISSUES AND AGRICULTURAL FINANCING
MUNICIPAL
SECURITIES i

TAXEXEMPTSECURITIES 2

Perma- Temporary
nent
loans
loans
(long
(short
term)
term)

Total
outstanding,
end of
mo.

CORPORATE SECURITIES

YEAS AND MONTH

Total s
(Journal
of Commerce)

Distribution *
( Commercial and Financial Chronicle)
Stocks

Bonds
and
notes

Refunding

New
capital

13, 652
14, 036
16, 268
16, 870

338, 234
373, 381
546, 519
732, 365
879, 929
974, 767

76, 951
79, 124
143, 410
» 43 1,837
421, 394
502, 133

$50, 883
64, 333

$174, 051
103, 646
60, 438
28, 191

129, 037
126, 375
36, 983
130, 971

16, 160
16, 268

478, 680
543, 490
574, 096
734, 854

905, 536
912, 568
919, 188
927, 568

430, 066
435, 829
440, 046
446, 429

52, 279
60, 809
64, 300
62, 267

58, 069
60, 672
45, 648
40, 205

121,361
78, 131
110,380
104, 865

53, 375
57, 620
90, 658
96, 837

16, 409
16, 370
16, 470
16, 551

777, 712
431, 200
800, 402
886, 592

935, 330
944, 995
954, 265
962, 662

454, 393
464, 874
477, 082
486, 247

63, 258
61, 034
59, 095
59, 249

38, 233
36, 358
34, 291
32, 157

187, 942
144,618
122, 683
86, 092

38, 505
98, 405
33, 480
46, 040

16, 728
16, 875
16, 974
17, 042

616, 117
1,003,270
1, 066, 860
972, 735

968, 713
975, 175
980, 638
985, 160

494, 165
501, 673
508, 800
513, 994

59, 979
58, 398
58, 333
57, 886

30, 877
29, 222
28, 043
26, 741

121, 235
85, 682
70, 336
157, 298

76, 118
93, 465
39, 827
9, 509

17, 144
17, 221
17, 266
17, 392

572, 751
989, 960
585, 422
995, 207
1,241,594
999, 415
1, 020, 548 1, 006, 685

519, 237
526, 042
534, 134
545, 559

64, 318
73, 097
77, 300
80, 052

24,688
22, 275
19, 843
15, 565

55, 341
63, 503
32, 965
42, 846
81, 590
61, 153

273, 367
361, 898
235,..256
313,994

39, 059
56, 549
8,112
59, 177

92, 561
96, 076
73, 600
120, 244

438, 197
400, 852
272, 328
341, 106

413, 404
450, 171
282, 355
411,441

95, 193
53, 382
70, 251
71, 134

77, 521
106, 172
160, 637
64, 370

218, 351
273, 097
262, 422
176,617

260, 925
311,531
348, 377
211,750

34, 947
67, 737
74, 682
29, 237

234, 096 i 74,634
278, 096 120, 932
251,381 149, 938
273, 977 161, 919

236, 053
250, 373
220, 302
356, 441

294, 309
300, 994
365, 565
474, 903

16, 379
70, 310
10, 075
43, 458

279, 267
384, 032
197, 464
310,014

50, 192
78, 257
56, 480
89, 185

262, 234
340, 190
186, 888
283, 985

473, 272
383, 645
324, 254
355, 580

70, 401
102, 701
80, 278
141,469

247, 462
208, 012
--- 321,115
191, 121

Thousands of dollars

1, 249, 920
663, 260
700, 013
780, 895
596, 227
831, 767

64, 742
115, 281
106, 629
94, 597
120, 557
1 15, 885

$157,935 I $225, 825
151, 828
177, 963
203, 899
194,615
214. 782
206, 291
276, 858
247, 691
287, 678
343,810

Federal
War
Inter- Finance
med.
Corporation *
credit
banks 7

$34, 257

$21,357
49,407
61,460
44, 037 1
43,023 j
53, 115 |

$89, 253
23, 271
51, 969
61,413
72, 199
109, 248

Joint
stock
land
banks 6

$110,498
237, 478

$40, 268
24, 332
12, 894
24, 367
32, 704
39, 428
37, 508

258, 911
219, 572
285, 329
300, 120
268, 262
295, 168

Federal
farm
loan 6
banks

$172, 301
120, 306
164, 915
276, 925
373, 198
183, 275
1, 056, 519

$34, 040
37, 200
41, 049
41,450
37, 078
21, 902
63. 528

$137, 145
119, 710
119 613
182 208
127, 498
112,068
251, 764

1920 monthlv average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

NEW
INCORPORATIONS «

ofdofls. 8

Thousands of dollars
1913 monttily average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

AGRICULTURAL LOANS
OUTSTANDING
(end of month)

$5, 554

9, 506

1924

!
I

September
October
November
December

-

1925
January
February
March
April

-

Mav
June
| Julv
I August

1

i

September
October
November
December

_

_
_

1926
January
February
March
April

i

i

73, 642

1,040,096

14, 637

!

__
|

May
June

_

"1
1 Sales of new seecurities by States and municipalities compiled by The Bond Buyer. The short-term loans are of a temporary character, usually replaced later by permanent2 loans.
Estimated gross amount of wholly tax-exempt securities outstanding compile^, by U. S. Treasury Department. The yearly figures represent data as of December 31
of each year, except for 1913 when the figures are for Dec. 31, 1912. In 1912, 1918, and 1922, the data were based on census reports. Details as to amount held in sinking
funds and divisions by classes are shown in the monthly statements issued by the Treasury.
3
Data on new capital issues as compiled by the New York Journal of Commerce. Details by classes and individual issues are given in that publication.
4 Distribution of capital issues as compiled by the Commercial and Financial Chronicle, the totals here given being slightly smaller than the grand totals compiled by
the Journal of Commerce. The columns "New capital" and "Refunding" include all types of financing to be used for the purpose designated. Distribution of bond issues
by classes, from 1920 through September, 1924, appeared in June, 1923, issue (No. 22), page 42, and in November, 1924, issue (No. 39), page 137. Further details are given
in the Commercial and Financial Chronicle.
« New incorporations represent the value of the authorized capital of new enterprises, exclusive of those under $100,000, incorporated in the principal Eastern States as
compiled by the New York Journal of Commerce, Monthly averages from 1913 appeared in November, 1924, issue (No. 39), p. 187.
6
These data, from the Federal Farm Loan Board, represent loans made for agricultural development secured by mortgages on land and buildings, the Federal farm
loan banks being established by the Government in 12 districts, while the joint-stock land banks, of which 70 are now in existence, are private organizations. The banks
were closed during the greater part of 1920, pending litigation in the Supreme Court involving the constitutionality of the Federal farm loan act, and in 1921 many loan
requests could not be granted because the cessation of bond selling had depleted the resources. Monthly figures on loans closed from 1920 appeared in June, 1923, issue
(No.7 22), page 47.
The Federal intermediate credit banks under the supervision of the Federal Farm Loan Board are located in the same cities as the 12 Federal land banks, as follows:
Springfield, Mass.; Baltimore, Md.; Columbia, S. C.; Louisville, Ky.; New Orleans, La,; St. Louis, Mo.; St. Paul, Minn.; Omaha, Nebr.; Wichita, Kans.; Houston, Tex.
Berkeley, Calif.; and Spokane, Wash. These banks lend money on staple agricultural products and make rediscounts for agricultural credit corporations and livestock
loan8companies.
Data from the War Finance Corporation comprise advances for "agricultural and livestock purposes" under the agricultural credits acts on August 24, 1921, to banks
livestock associations, and cooperative marketing associations. Figures on advancements and repayments from 1922 to September, 1924, appeared in November, 1924, issue
(No.9 39), page 189; since that date new advances have practically ceased.
Six months' average, March, June, September, October, November and December.




121
Table 97.—NEW SECURITY ISSUES BY CLASSES
LONG-TERM REAL ESTATE BONDS

CORPORATE ISSUES

Purpose of issue
Foreign
government

YEAR AND
MONTH

Total
corporate

Railroads

Public Indusutilities trials

Oils

Shipping
Land,
Grand
and
building, etc. miscel- total
laneous

To
finance
construction

Kind of structure

InterAcqui- Office
est
Real sitions and
estate and
other Hotels Apart- rates
comments
mort- imgage prove- mercial
ments

Per ct.

Thousands of dollars

$17, 343 $38, 523 $866, 563 $54, 310
31, 490 41, 402 974, 074 38, 222
54, 607 55, 924
43, 881
27, 671
52, 818
54, 294 80, 007
25, 192
68, 248
18, 822
43, 187 94, 866
78, 358 127, 470
51, 512
15, 627
43, 517 143, 753 837, 658 23, 545

$5, 565
7,700
4,542
14, 875
21, 013
27, 958
62, 721

$25, 908
30, 970
13, 450
28, 920
23, 268
18, 956
39, 623

$13, 338
19, 940
26, 604
57, 963

1,204
66, 993
5,731
24, 600

15, 625
25, 155
29, 137
21, 640

14, 100
22, 975
4,016
6,711

13, 125
24, 075
22, 779
20, 240

10, 000
14, 950
12, 860
11,940

2,325
3,075
650

1,875
5,100
3,650
6,050

6,750
6,075
5,560
7,700

28, 025
39, 330
40, 759
42, 521

18, 000
1,200
22, 500
None.

18, 320
25, 855
26, 521
37, 938

11,419
14, 621
5,398
13, 685

17, 520
25, 605
26, 521
37, 538

17, 170
8,255
11, 266
28, 393

7,400
3,125
5,960

9,000
11, 250
2,200

72, 432 133, 532
57,111 105, 998
35,378 93, 510
54, 740 134, 284

31,811
56, 088
94, 549
40, 347

32, 200
26, 383
11, 045
3,165

17, 274
13, 710
22, 069
29, 080

17, 450
6,298
9,563
14, 085

16, 574
13, 175
21,376
27, 435

16, 074
8,175
18, 448
12, 485

500
5,000
2,525
9,550

495, 953
316, 075
279, 178
287, 849

113, 391 278, 639
119, 342 145, 507
66, 029 124, 365
116, 340 74, 131

55, 363
14, 219
23, 333
24, 160

10, 319
None.
18, 145
21, 844

27, 692
16, 375
28, 868
19, 068

10, 555
24, 342
20, 632
15, 945
18, 439 1 26,658
32, 305
18, 568

19, 112
11, 455
24, 233
15, 258

42,000
214, 000
102,000
91, 000

312, 425
418, 447
243, 368
373, 170

130, 813
107, 118
52, 714
14, 890

91, 468
133, 280
82, 018
132, 907

28, 842
56, 565
44, 247
148, 618

11, 850
32, 950
19, 625
None.

41, 803
32, 484
39, 417
47, 657

7,650
56, 050
5,347
290, 098

39,818
30, 549
38, 257
46, 557

8,000
62,500
28, 000
8,000

508, 598
503, 553
352, 606
482, 575

22, 992
112, 045
38, 833
87, 614

237, 725
205, 324
171, 557
82, 400

85, 773
94, 649
51, 962
197, 904

76, 400
18, 435
6,900
32, 731

53, 893
39, 283
60, 972
60, 561

31, 815
33, 817
22, 382
21, 365

May
June
July .. ... ._
August

5,943
140, 188
144, 500
8,700

295, 872
379, 269
423, 059
240, 987

48, 497
36, 527
72, 500
19, 245

122, 935
141,419
107, 853
111, 539

49, 794
23, 610
111,945
39, 978

12, 288
16, 359
40, 722
14, 547

40, 453
116, 262
63, 269
36, 994

September __ ._
October
November
December

61, 800
39, 650
138, 100
None.

310, 688
371, 305
376, 240
518, 359

13, 684
28, 952
6,320
35, 000

131, 081
109, 590
121, 446
182, 164

43,062
103, 919
92, 994
109, 600

20, 400
2,500
20, 757
20, 500

54, 960
96, 629
67, 297
62, 086

$36, 640
24, 250
31, 606
35, 942
20, 237
69, 000
53, 782

$228, 304
247, 192
199, 242
256, 107
269, 403
319, 881
396, 926

1923
May
June
_
July
August

4,500
27, 000
345
40, 000

201, 707
288, 355
132, 130
133, 045

46, 927
14, 533
16, 780
25, 895

78, 385
110, 406
25, 080
47, 457

45, 466
48, 293
51, 385
6,743

September
October
November
December

55, 000
16, 000
25, 000
None.

141, 289
230, 426
375, 041
276, 478

24, 810
78, 785
88, 092
21, 507

40, 715
70, 635
191, 771
160, 828

48, 490
170, 000
None.
__ 77, 500

304, 699
265, 588
266, 113
275, 706

9,250
15, 700
10, 000
48, 065

1919 mo av
1920 mo av
1921 mo. av
1922 mo. av
1923 moi av
1924 mo. av
1925 mo. av

1924
January February
March
April
May
June
July
August

September- ._.
October
November
December

1935
January. __
February
March
April

$6, 171 $2, 676 $2,404
3,499
9,723 4,354
12, 214 4,964 5,567
21, 892 9,761 8,155

6.91
6.58
6.50
6.29

12, 300
4,575
5,715

5,050
2,450
2,825
5,000

6.45
6.52
• 6. 42
6.66

3,600
18, 625
18, 950
26, 415

4,620
3,800
1,910
5,210

6,640
1,730
3,505
4,188

6.57
6.70
6.51
6.72

403
1,325

6,000
2,350
10, 500
9,750

4,075
8,500
2,075
12, 805

5,615
975
7,598
1,455

6.58
6.63
6.70
6.51

5,005
4,165
1,615
2,935

175
375

13, 787
8,515
11, 880
10, 110

3,800
2,300
1,168
3,425

3,665
4,560
11, 730
4,100

6.48
6.62
6.52
6.45

30, 038
20, 614
24, 622
27, 265

4,400
4,200
10, 735
1,301

2,300
4,590
1,000
2,510

15, 880
20, 570
17, 320
19, 905

2,795
3,215
11, 115
4, 290

8,358
3,124
5,537
10, 085

6.41
6.46
6.33
6.29

48, 373
31, 258
53, 387
51, 861

23, 338
18, 178
39, 355
35, 113

8,998
9,210
7,350
10, 708

14, 680
530
5,400
950

21, 693
7,220
25, 138
28,685

10, 275
6,320
8,115
3,763

11, 268
4,058
7,602
7,888

6.40
6.48
6.27
6.28

21, 906
45, 093
26, 769
18, 684

39, 853
108, 195
60, 099
36, 428

30, 855
59, 244
37, 004
21, 180

4,553
27, 091
9,420
11, 515

1,550
10, 405
8,145
650

23, 462
37, 745
13, 756
10, 175

2,000
23, 365
16, 655
5,705

9,801
7,855
6, 630
6,970

6.29
6.25
6.26
6.39

47, 500
29, 714
67, 426
109, 010

51, 808
90, 839
65, 647
57, 808

16, 350
39, 880
45, 240
34, 130

13, 330
31, 753
9,620
7,803

13, 068
11, 640
10, 375
9,405

11, 270
37, 515
27, 090
18, 953

8,755
8,393
12, 795
10, 995

7,025
5,130
10, 165
13, 470

6.16
6.25
6.14
6. 31

$8, 452 $1, 066 $2, 209
13, 014 2,157 3,696
19, 001 4,328
1,057
33, 322 12, 613 7,233

1936
January
February
March
April „
May
June

"T

i From the Commercial and Financial Chronicle, showing new financing in the United States. Corporate financing includes both stock and bond finances, and foreign
as well as American corporations. The industrial group comprises the following classifications given in the detailed statements: Iron, steel, coal, copper, etc.; equipment
manufacturers; motors and accessories; rubber and miscellaneous industrials. The data on long-term real estate bonds which represent only those put out by mortgage
bonding houses, have been segregated from detailed figures of individual issues in the land and building group as given in the Chronicle, eliminating data on stocks and
short-term bonds. These latter items, however, were shown in the September, 1925, issue (No. 49) of the SURVEY, p. 25, together with interest rates on the short-term
bonds and the data shown here on long-term bonds extending back to January, 1922. In the classifications shown above by purpose of issue and by kind of structure, the
miscellaneous group, making the difference between the totals of the three classes shown and the grand total, has been omitted. The interest rates shown are the average
coupon rates on the long-term real estate bonds issued during the month.




122

Table 98.—BUSINESS PROFITS AND LOSSES
DIVIDEND AND INTEREST
PAYMENTS

BUSINESS FAILURES ^
Total
rfnS^lfS" 1 Trade estabcommercial i s „:*,';;
lishments
iijicima

Agents and
brokers

;

Dividend payments 2

Banks
(quarterly)

Liabil- Firms
ities

Liabil- Firms Liabil- F
irms
ities
i ities

Total
dividend
and interest
If ™- Firms Liabil- Firms! pay- 2
ities
ments

Thous. Numof dolls. ber

Thous. Num- Thous. Numof dolls. ber of dolls. ber

Thous. Numof dolls. ber

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

$22, 818
29, 821
25, 106
16, 354
15, 203
13, 590

$10, 366

9,442

1,336
1,523
1,846
1,415
1,154
832
538

1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

24, 593
52, 361
51, 989
44, 885
45, 269
36, 979

740
1,638
1,973
1,560
1,718
1, 768

10, 666
19, 488
17, 910
23, 379
23, 847
13, 974

YEAR AND MONTH

Aver- i
age
Induspaytrial! Steam Street ments
and
railon
railmiscel- roads ways indus- :
lanetrial
ous
stocks
(qtly)3:

Total

Thous. Numof dolls. ber

Dolls, i

per

Thousands of dollars

share

i

1934
Jauuarv
February
March
April

353
$9, 583
385
13, 805
426
12, 436
349 | 7, 616
5, 843
308
230
4, 825
155
3, 139

11,312
9,335
6, 083

6,628
6,121
4,301

929
1,071
1,336
994

7,380

461
1,166
1,410
1,089
1,189
1,263

220
375
473
414
434
424

$2, 869

4,704
3,335
2,655
2,732

786
541
334

21, 232
22, 615
17, 495
16, 933
17, 947

2, 644

2,002
6,547
11, 641
11, 465
4,012
4, 439

5,058

54
67
84
73
61
60
48
59
96
89
57
85
80

28, 875
16, 478
72, 838
23, 137

505
398
484
438

19, 525
17, 598
19, 240
18, 719

1, 538
1,250
1,154
1,178

2,872

36, 591
34, 099
36, 813
55, 154

1,816
1,607
1,615
i, 520 '

17, 157
16, 646
20, 022
29, 924

507
439
416
414

15, 346
14, 810
12 421
16, 361

1,215
1,054
1,124
1,024

3, 488

2,643
4,370
8,869

94
84
75
82

36, 099
31, 124
45, 279

1,306
1,698
1,653
2, 040

19, 468
15, 619
10, 252
15, 753

360
411
361
475

10, 126
16, 122
15, 782
27, 141

883
1,186
1, 193
1,464

4,702
4,357
5,090
2,385

63
99
99
101

1925
January
February
March
April

54, 354
40, 123
34, 005
37, 189

2, 317
1,793
1, 859
1,939

11,909

480
409
429
430 ;

24, (555
21, 067
17, 595
21, 536

1, 757
1,285
1, 345
1, 427

17, 790

15, 334
13, 375
13, 097

89
99
85
82

IMay
June
July
August

37, 027
36, 701
34, 505
37, 159

1,767
1,745
1,685
1,513

18, 184
16, 159
10, 932
22, 339

400
15, 820
431 1 17'213
418 j 15, 961
365
13, 460

1,286
1,229
1,184
1,069

3,023
3,329
7,612
1, 360

81
85
83
79

September
October
November
December

30, 687
29, 544
35, 922
36, 528

1,465
1, 581
1,672
1,878

8, 167
11, 264
13, 994
12, 931

338
408
442
490

1, 015
1,111
1, 146
1,307

7,530
4,750
3,022
2,962

62
62
84
81

43, 661

2,296

__

_

1936
January
February
March
April
May
June

9,306
1,598
4,614
1, 284
4, 131

so :
102
69
144
153
116

$69, 838
68, 481
66, 019
77, 176
89, 856
85, 184
79, 745

80, 248 1 50, 140
76, 965
45, 200
77, 554 I 43,723
45,120
80, 271
84, 391
47, 181
49, 432
88, 838

284, 573
278, 484
283, 310
298, 768
320, 049
339, 777

23, 832
23, 668
23, 508
24, 093
25, 100
26, 258

$5.23
5.36
3,45
5.09
6.68
6. 19
5.85

$4, 906

53,788
48,264

$24, 733
24, 549
23, 613
26, 095
26, 038
24, 135
23, 705

6,074

$38, 527
36, 530
36, 374
44, 986
56, 542
:

5,368
5,149

6,020
6,493
6, 318

5,977

6.59
4.94
4.40
5.46
5. 55
7.09

5, 970

5,902
6,313
7, 008
7, 777

i
2, 108 i
1,730
1,817 !
1,707

September . _ _
October
November
December.. _

$148, 103
148, 948
54
155, 426
33
177, 919
12
12 | 199,. 095
227, 061
6
265, 764
12

12, 675
43, 254
19, 434
50, 934
50, 731
41, 174

51, 273
35, 942
97, 651
48, 904

May
June
July
August

^30

« $7, 887
14, 001

_. 34, 296

14, 990
13, 530
18, 907
20, 635

'
!

.

....

"

1,865

5,573
7, 049

3,722
3,035
2,556

05
82
79
91

100, 276

420, 420
185, 580
319, 850
386, 250

163

52, 953

25, 765
28, 130
30, 100
24, 200

15,600

316, 475
305, 925
400, 050
199, 075

265

62,395
151, 335
76, 680 | 41,900
84, 059
49, 750
58, 375
92, 725
56, 475
65, 025
107, 750
80, 575

27 975
39, 075

5, 400
3, 900

44, 500

23, 100
22, 050
29, 350
31, 250

62, 265 ! 41, 500
63, 500
97, 350
67, 300
29, 500
52, 400
71, 150

16, 250
24, 450
32, 200
14, 350

80

28, 154

315,265

105

21, 543

402, 250
288, 300
301, 150

458,625 [ 158, 125
43, 926

144

42, 859

79, 300
87, 950
94, 450 j

201, 000
333, 350
404, 820

111

66, 301

163

i

i

i

i

5. 65

16, 800
7,125

4,825
9,475

24, 075

23,450
30, 510
32, 275

10, 900
5,115

67, 525
102, 920
73, 595
74, 970

44, 900
66, 365
32, 350
54, 575

17, 250
25, 905
33, 950
15, 180

166, 500

67, 995

28, 775

6.52

6,050
4,500

6.55

5,375

6.95

10, 650

7,295
8.32

5,215

18, 015

|

!

i

27, 150
29, 075
31, 250
25, 025

29,600

1
j

i

6, 100
4, 400

40, 650
58, 915
46, 300

|

'•

5.55

4, 515

9,400

318, 775
427 220
309, 395
322, 323

46

5.25

9,950
4,825

509, 250

11,613

5.75

9, 150

59, 725
68, 600
115, 200
83, 690

ij

•.'•

i

!

.

64, 609
43, 100
51, 875
59, 950

4,200

328, 225
323, 100
437, 900
212, 590

i;

.-I- j -

55,300

6, 650

i

i

i

!
ii

* Compiled by Dun's Review; for annual data in greater detail,see April, 1924, issue of the SURVEY (No. 32), pp. 57-59. Monthly data on total commercial failures from
19132appeared in December, 1923, issue (No. 28), p. 53; monthly data on all classes from 1921 appeared in June, 1924, issue (No. 34), p. 55.
Data compiled by New York Journal of Commerce. "Total dividends" include bank dividends not separately shown for those months where such payments are
reported. The total interest payments may be obtained by subtracting total dividends from total interest and dividend payments. Monthly data for total dividend and
interest payments covering the period 1913"to 1921 appeared in the September, 1922, issue (No. 13), of the SURVEY, p. 51 (figure for July, 1917, should be $333,011 instead of
$633,011); and for dividends, classified, covering the same period, in the October, 1922, issue (No. 14), p. 46.
3
Average dollar dividends paid on industrial stocks compiled by the Cleveland Trust Co. for the industrial stocks included in the Dow-Jones index of stock prices, comprising 12 stocks from 1900 through 1914 and 20 stocks from 1915 through 1924. The figures are unweighted averages of the amount of dividends paid per share for these
stocks in each quarter, reduced to an annual basis. Quarterly figures extending back to 1900 appeared in April, 1925, issue (No. 44), p. 49.
4
Yearly data are quarterly averages.




123
Table 99.—CORPORATION PROFITS AND STOCKHOLDERS
NET PROFITS i

Ci

Hailroad
and
telephone

i

STOCKHOLDERS 2

TJ. S. Steel Corp.
(common stock)

Pennsylvania
R. B. Co.

Industrial

American Telepn,
& Teleg. Co.

•M -f,

Mo tors and
accessories

|

Telephone

Railroads

®a
*1
= if
t
3

YEAR AND QUARTER

3
"o

i

"2 M \ h i
£
£ 0
*.S § 5*

1
QC

PIS

'O
©

•s

*

1

Domestic

i

1913 quarterly av
1914 quarterly av
1914 quarterly av
1915 quarterly av
1917 quarterly av
1918 quarterly aV
1919 quarterly av

!

!

i

\

'

'

;

!

;

i

403
391

34
38

245
247

125
106

41
29

33
25

12
13

16
20

9
9

:

i

|

1921
March

"" i

J une
September, .

""

i

i

J

December

_i

'

•

1
.i

" "

- - - • • ) -

; ' - --

|

1,500
1,743 I
2,869
2,847
2,925
2, 968

88, 085
104, 621
97, 580
94, 489
96, 081
91, 043

1,300
1, 341
1,380
1, 431
1,557
1, 511

30. 35
22.45
24.36
22.76
22.97
26.31

131,
163,
217,
265,
322,
353,

643
703
599
638
693
217

1,267
2,013
2, 297
2, 644
3,086
4, 046

1

1,337
1, 320
1, 287
1, 256

33. 46
32.09
30. 09
25. 17

122,
131,
134,
137,

999
558
112
901

1, 173
1,173
1, 174
1, 547

093
976
355
061

1,283
1, 334
1, 368
1, 379

24.27
22. 61
21.49
21.44

144,
153,
172,
183,

716
649
770
676

1, 774
1,953
2,146
2,180

2,915
2,888
2,851
2,820

105, 261
97, 989
94, 789
92, 281

1,399
1,370
1,384
1, 365

22.02
24.09
25. 05
26.28

195, 608
201,303
228, 592
246, 494

2,217
2, 233
2, 309
2,431

1,595
1,525
1, 472
1,409

137, 007
139, 702
138, 243
138, 847

1,386
1,373
1,362
2, 852

103,
103,
105,
106,

138, 895
136, 940
134, 279
134, 609

It

|

'
i

|

1

:

i

1, 041
1, 175
1,270
1,187
999
1, 143
1, 239

121, 326
124, 943
127, 768
131, 659

_

Deeernbor

53, 205
56, 932
62, 279
67, 504
78, 597
96, 035
115,482

i

;

i

'<

i

!

51.48
46. 73
45.87
55. OS
51. 88
43. 22
40. 65

82, 246
85, 909
89, 665
94, 520

i

1

*.
i
___ ._ ..

9
8

1

j

T

1, 529
1,697
3 1, 980
939
1, 191
1,484
1,475

j

|

i
1

|l

5 !
5

;

i

1930
March....
June
September _- T)fiC6'mbfiT'

'

:

1923
March
June
September
Dpcernber.-

338
451
432
392

185
262
277
255

36
35
30
35

117
154
125
102

38
47
30
20

27
47
43
46

18
22
16
8

12
13
12
11

1934
March. __
June
September
December

378
332
410
443

203
188
287
309

35
37
36
43

140
107
87
91

34
22
20
22

46
30
18
21

26
20
18
15

376
447

204
234

44
46

128
167

37
61

34
34

20
28

1925
March. _
June
September

!

41, 436
47, 777
3 4.2, 020
39, 365
44, 531
64, 314
73, 510

!

I
;

11,258
11,839
11,816
6,884
2, 235 |
1, 773
1,727

126, 424
138, 450
136, 181
138, 846
142, 718
144 380

;

:

Number

72,714
78, 682
81, 603
85, 343
93, 331
102, 798
11 1,3 1«

|---r —

'

i

Foreign

i

._

|
:

1

Domestic

Per ct.
of total

1

!

-||

1920 quarterly av
1921 quarterly av i
1922 quarterly av
1923 quarterly av. ..
1924 quarterly av
1925 Quarterly av

1932
March
June
.
September

I

!i

Foreign

Domestic

Number

Millions of dollars
I j

Foreign

Shares
held
by
brokers

_ _

i

Deoember

1926
March
June

j

10
5

4
6
5
3

8
8
9
9

136, 247
137, 156
138, 581
141, 348

2,814
2,843
2,852
2,880

92, 711
91, 593
95, 462
98, 189

1, 355
1, 351
1,481
1, 536

26.24
23.34
20.83
20.62

255, 421
260, 446
269, 762
269, 923

2, 524
2,603
2,719
2,729

11
13
14
12

9
9
8
9

5
5
4
4

9
8
5
8

142, 339
142, 965
143, 307
142, 261

2,987
2, 901
2,903
2,913

97, 135
97, 577
94, 904
94, 708

1, 542
1,549
1, 558
1,577

22.39
20.45
22.82
26.21

296, 738
314, 227
338, 183
341, 625

2,760
2,875
3, 199
3,508

11
15

12
12

5
6

9
11

143,
146,
145,
141,

2,939
2,966
2,981
2,986

92, 552
91,910
90, 651
89, 057

1,490
1, 525
1,526
1,504

26.81
25.45
25.39
27.60

345,
354,
355,
357,

3,740
3,994
4,102
4,347

10

11

224
988
583
725

451
279
895
242

I
i
1

1 Compiled by the Federal Reserve Bank of New York from quarterly reports of net profits of 365 companies, consisting of 193 Class I railroads, 70 telephone, 17 motor
and accessories, 13 oil, 14 steel, 13 food, 15 metal and mining, 11 machine manufacturing, and 19 miscellaneous companies.
2 These data showing the growth of stockholders in three prominent companies—a railroad, a public utility, and an industrial—have been furnished direct by the
respective companies and represent the number of holders of common stock at the end of each quarter, i. e., December figures are for December 31 or January 1.
3
December 31 figures; other quarters of 1915 not available.




124

Table 100.—FOREIGN EXCHANGE 1
[Relative numbers for base year in bold-faced type; numerical data on opposite page]

England

YEAR AND MONTH

France

Italy

THE AMERICAS

ASIA

EUROPE
Switzerland

Nether- SweBelden
gium lands

Japan

INDEX
NUMBER 3

India *

Canada

Argentina

Brazil

Chile

100

100

100

100

100 4

100

72
73
77
78
82

115

88

Relative to par

100

95

100
101
97
99
109
119
98

98
99
102
103
107
103

83

96

98
100
103
104
103

86
84
96
97
95
100

76
84
98
99
99
100

88
90
99
94
94
100

101
97
96
97
83
82

80
54
59
64
65
75

89
90
99
98
99
100

94
76
85
81
81
95

69
40
40
31
35
38

95
62
63
63
54
59

65
62
69
65
60

25
26
25
24

98
97
95
95

99
99
98
98

93
93
91
90

98
98
97
94

63
64
63
64

98
99
98
98

78
76
74
75

30
29
27
29

63
60
57
55

63
63
61
60

23
23
22
23

22
20
20
27

93
93
92
93

98
98
98
98

90
90
90
91

90
91
86
82

63
62
61
63

97
97
97
98

76
79
79
78

34
37
35
35

53
52
50
54

59
58
58
63

30
27
26
28

23
23
22
23

25
24
24
26

93
93
94
97

99
99
99
99

92
92
94
97

81
82
83
83

63
63
68
68

98
98
99
100

77
77
77
79

34
33
31
31

56
54
52
51

62
60
59
61

92
92
95
97

27
27
27
28

23
23
22
22

25
25
25
26

96
97
100
100

99
99
100
101

98
99
100
101

83
78
77
77

68
69
71
72

100
100
100
100

83
87
89
92

31
35
35
35

53
57
58
58

61
61
61
62

98
98
98
99

28
27
27
27

22
21
21
21

28
26
26
26

100
100
99
100

101
101
101
100

100
100
100
100

77
78
82
84

73
73
73
73

100
100
100
100

94
94
93
90

36
35
34
33

58
55
67
57

64
64
63
63

May
June
July
August

100
100
100
100

27
25
24
24

21
20
19
19

26
24
24
23

100
100
100
100

100
100
100
100

101
101
101
101

84
82
82
82

74
75
75
75

100
100
100
100

93
95
95
95

32
34
35
37

58
58
60
61

63

September
October
November
December

100
99 !
100
100

24
23
21
19

21
21
21
21

23
23
23
23

100
100
100
100

100
100
100
100

100
100
100
100

82
82
85
87

75
75
75
75

100
100
100
100

95
97
98
98

42
46
45
44

62
62
63
63

Par
1914
1915
1916
1917
1918
1919

value
average
average
average
average
average
average

100
106
98
98
98
98
91

1920 average
1921 average
1922 average
1923 average
1924 average
1925 average

--

101
87
80
71
69
59

66

97

75
79
91
94
9i
99

36
39
42
32
27
25

26
22
25
24
23
21

38
38
40
27
24
25

30
31
29
27

23
23
23
23

88
89
88
89

.

10O

93
93
90
90

__

100
103
94
88
90
92
71

24
23
24
32

90
89
90
92

100

100

100

!

1923
September
October
November
December

January
February
March
April

_
_

._

1924
_

--

May
June
July
August

-

September
October
November
December

-

.

1925
January
February
March
April

.
- --

!

1926
January
February
M^arcb
April

1

I

May
June
I

See footnotes on opposite page also
1
Daily averages of noon rates for cable transfers reported to the Treasury daily by the New York Federal Reserve Banlt. Average figures for the years 1914 to 1918,
inclusive, where given, are weekly averages of commercial quotations from the Annalist. For figures on Germany, which have now been discontinued owing to almost
complete collapse of the mark, see August, 1923, issue (No. 24), p. 183. Monthly figures on all items back to 1920 may be found in the May, 1922, issue (No. 9), p. 135.
2 Parity established October, 1920. Prior to that, par value of the rupee was 32.44 cents.




125
Table 101.—FOREIGN EXCHANGE
[Base year in boldfaced type; relative numbers on opposite page]
EUROPE

England

YEAR AND MONTH

France

Italy

Nether- Sweden Switzerland
lands

Bel-

gium

Rate per Rate per Rate per Rate per Rate per Rate per Rate per
pound
guilder
krone
franc
franc
lire
franc
sterling

.403

.956

.226

.504
. 482
.478
.486
.412
.410

.389
.262
.287
.311
.318
.363

.893
.896
.985
.980
.987
1.000

.907
.730
.818
.786
.782
.914

.225
. 131
.129
.102
.113
.122

.185
.121
.122
.122
. 106
.116

.179
.179
.176
.175

.486
.488
.484
.470

.306
.311
.309
.310

.977
.986
.981
.976

.749
.737
.712
.723

.097
.095
.088
.093

.124
.118
.111
.107

.262
.262
.263
.264

.173
.174
.173
.176

.449
.454
.429
.409

.305
.303
.299
.304

.974
.969
.970
.981

.737
.765
.766
.748

.109
.120
.115
.112

.104
.101
.098
.105

.374
.374
.379
.388

.265
.265
.266
.266

.177
.177
.182
.188

.402
.411
.414
.413

.306
.305
.313
.323

.983
.984
.993
.999

.746
.739
.741
.767

.110
.108
.099
.099

.110
.106
.101
.100

.049
.048
.048
.050

.385
.391
.401
.404

.266
.266
.268
.270

.189
.192
.193
.194

.406
.388
.385
.384

.325
.337
.344
.353

.999
1.000
1.000
.997

.800
.836
.855
.883

.101
.112
.155
.115

.104
.111
.113
.113

.042
.041
.041
.041

.051
.051
.051
.051

.404
.402
.399
.400

.270
.270
.270
.269

.193
.193
.193
.193

.385
.391
.410
.418

.357
.357
.357
.356

.997
.999
.999
.999

.911
.903
.897
.869

.117
.113
.110
.106

.114
.108
.111
.112

.052
.048
.047
.047

.041
.038
.037
.037

.050
.047
.046
.045

.402
.401
.401
.402

.268
.268
.269
.269

.194
. 194
.194
.194

.419
.408
.411
.410

.362
,365
.366
.366

1.000
1.000
1.000
1.000

.902
.913
.918
.917

.103
.109
.114
.121

.114
.113
.117
.119

.047
.044
.040
.037

.041
.040
.040
.040

.044
.045
.045
.045

.402
.402
.402
.402

.268
.268
.268
.268

.193
. 193
.193
.193

.408
.410
.423
.432

.366
.366
.366
.366

1.000
1.001
1.001
1.000

.917
.934
.944
.942

.135
.148
.146
.142

.120
.121
.122
.122

.128

.391

.255

1920 average
1921 average. ._
1922 average
1923 average
1924 average
1925 average

3.66
3.85
4.43
4.57
4.42
4.83

.070
.075
.082
.061
.052
.048

.050
.043
.048
.046
.044
.040

.074
.074
.077
.052
.046
.048

.344
.336
.385
.391
.382
.402

.205
.225
.262
.266
.265
.269

4.54
4.52
4.38
4.36

.059
.060
.055
.053

.044
.045
.044
.043

.049
.051
.047
.046

.393
.391
.380
.380

1924
January
February
March. __ _ _
_
April

4.26
4.31
4.29
4.35

.047
.044
.047
.062

.043
.044
.043
.044

.042
.038
.039
.052

May
June
July..
August

4.36
4.32
4.37
4.50

.058
.053
.051
.055

.044
.043
.043
.044

4.46
4.49
4.61
4.70

.053
.052
.053
.054

4.78
4.77
4.78
4.80

_ ..
_ . ..

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

_
._

September.. ...
October. __
November
December

Rate per Rate per Rate per Rate per
paper
gold
milreis
dollar
peso
peso

.234
.236
.249
.253
.267

$0. 193
. 194
.187
.191
211
.229
.190

..

Chile

.941
.964
.997
.999
.990

$0. 193

September
October
November
December

Brazil

4 $0. 195

$0. 193
.195
.169
.155
.137
.134
.114

...

Rate per Rate per
yen
rupee

Canada Argentina

10. 324

$0. 193
.199
.182
.170
.174
.178
.137

.

India -

$0. 965

$4.87
5. 14
4.78
4.76
4.76
4.76
4.43

1923
September
October.
_ .
November
December

Japan

$1. 000

Par value _
1914 average
1915 average
1916 average
1917 average
1918 average
1919 average. _

. ...

THE AMERICAS

ASIA

$0. 268

|0. 499
.491
.495
.507
.513
.533
.512

$0. 487

.169
.174
.191
.181
.182
.193

.365
.264
.263
.263

.374
.374
.371
.372

.049
.046
.046
.050

.044
.044
.043
.043

.054
.053
.052
.052

4.85
4.86
4.86
4.86
4.85
4.84
4.85
4.85

$0. 403

1926
January
February
March _
April

May ..
June

_.

!

1

See footnotes on opposite page also
3
The foreign exchange index number recently computed by the Federal Reserve Board is based upon the average rates of exchange for 17 countries, Germany excluded,
and is here substituted for the weighted geometric average previously published. The index represents the "aggregative " average of cable transfer rates on these countries
and is based on the total volume of imports and exports of merchandise, gold, and silver from and to each country for the preceding 12 months. The countries used in
computing the index are Belgium, Denmark, England, France, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, Canada, Argentina, Brazil, Chile, China, India,
and 4Japan. The method of computation and the reasons for the change are explained i
Average value of the paper peso in 1913.




126
Table 102.—IMPORTS BY GRAND DIVISIONS
irwrnwr WTinnvw
FROM EUROPE

rw
~f£"
many | Italy

France

Total

YEAR AND MONTH

FROM SOUTH
AMERICA

FROM NORTH
AMERICA

FROM ASIA
AND OCEANIA

FROM
AFRICA
GRAND !
TOTAL

United
King-

Canada

Total

dom

Argentina

Total

Japan || Total

Total

Thousands of dollars
$32,485 $11,844
36,783 : 13, 6(;9
42,455 j 14, 800

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

average. .
average. average. .
average. .
average. .
average. .
average. .

$72,058
65, 293
45, 529
52,, 776
45, 929
26, 510
62, 544

$11, 578
8, 685
6, 493
9,074
8, 220
4, 959
10, 318

$15,351
12, 449
3, 746
485
13
26
884

$4, 610
4, 601
4, 297
5, 020

$22,663
23,949 i
25,457 |

54, 870

19, 771

3,040

23, 340

2, 028
4, 922

12,385

72,665
81,218 !

34,473
37.641

25, 7G6

6, 481

1920
1921
1922
1923
1924
1925

average. average. average. .
average. average. average. -

102, 320
63, 745
82, 600
96, 421
91, 341
103, 153

13, 805
11, 824
11,901
12, 468
12,303
13, 119

7,403
6,690
9,791
13, 433
11, 605
13, 688

6, 280
o, 191
5, 328
7, 689
6, 251
8,517

42,821

138, 555
62, 904
(58, 538
83. 460
82, 930

monthly
monthly
monthly
monthly
monthly
monthly

21, 525

!

19, 900
29, 739
33, 673
30, 539
34, 360

;

$10, 522
19, 127
20, 857
35, 634
49, 902

$26, 344
26, 265
30, 489
50, 865
71, 455
85, 837
99, €96

9, 691
14, 855
19, 032
16, 597

50,911

15, 174
21, 139
25, 162
34, 154

i
$1, 978
1,638
2,887 i
5, 158
6, 089
7,126
9,349

81,638
111,465

7,890

$8, 245

123, 058
54, 447
72, 955
89, 918

$2, 131
4, 690

34, 548
20, 939
29, 525
28, 912
28, 338
32, 009

12, 524
3,365
5,410
7,255
6, 083
7, 679

8,808
9,026

«.**
50, 989
27, 953
30, 337
34, 667
33, 202
37, 897

63, 417
24, 635
29, 897
38. 952
38. 840
43, 249

17,315
4,994

35,638

49, 401
36, 443
32, 105
29, 157

16, 875
12, 579
10, 670
6, 017

107, 092

33, 113

35, 331
36, 038
35, 794

81,787

57, 294

99,012

24,111

90, 582
88, 438

7,140
9, 606
6, 275
6, 681

$149,383 !
149,106
148,216 1
199, 303 i
246, 039
252, 601
325, 364
439, 873
209, 096
259, 396
316, 006
300, 247
352, 333

i
1

1923

372. 545 j
320, 234
287, 434
275, 438

71, 013
75, 890
84, 580
82, 506

26, 365
24, 430
28, 783
32, 844

2, 854
2,843
5, 065
7, 593

253, 645
308, 291
291, 333
288, 305

11,359
7,444

82, 679
92, 438
66, 595
104, 502

34, 812
26, 128
16, 113
24, 728

11, 686
7,389
9,880
7,033

39, 302
38, 368
41, 368
34, 423

7,511
7,108
6, 494
4, 258

83, 537
70, 599
71, 425
67, 314

27, 184
21, 825
26, 763
29, 610

3,203
4, 834 |
2,947
2,848 |

31, 297
33, 729
35, 059
36, 570

30, 632
42, 103

5, 442
4, 700
4, 582 1
6, 294

80, 667
82, 920
80, 979
97, 365

35, 601
28, 364
39, 626

3, 043 ,
4,128
4,156
11,829

287, 144 j
310, 752 !
296, 148
333. 192

77, 546
83, 219
91, 297
93, 352

32, 950
33, 651
34, 444
33, 120 :

42, 253
44, 053
58, 451
46, 661

6, 523
10, 212

112,928

8,584
11.353 1

113,397

33, 284
23, 181
28, 291
23, 891

10, 651
13, 044
10, 245
10, 105

346, 165
333, 457
385, 379
346, 091

89, 132
85, 234
76, 188
71, 706

37, 560 !
37, 320 !

32, 848
37, 022

3, 823
5, 799
5, 249
5, 152

108, 585
107, 514

111,992
119,732

22, 567
24, 215
32, 133
35, 727

4, 753
6,694
3,263
6,567

327, 519
325, 216
325, 648
340, 086

76, 548
81, 987
75, 868
79, 338

5, 603 !

123, 239 !
133, 989
131, 459
145, 047

47, 970
39, 079
37, 242
39, 177

o, 526
3, 506
7,788
9,989

349, 954
374, 074
376, 638
397, 945

28, 152
24, 321

104, 820
89, 609
77, 486
69, 396

5,822

26, 132
32, 823
27, 634
28, 995

66, 575
86, 904
73, 427
67, 846

33. 116
37, 850
38, 452
35, 936

27, 830
36, 980
34, 923
37, 150

3,993

30, 835
34, 503

75, 167
98, 736
113, 8R3
94, 363

31, 954
32, 819
35, 750
33, 174

37, 967
36, 391
44, 940
34, 525

4,099

26, 129
24, 482
23, 053 |
25, 870

92, 099
80, 025
80, 782
70, 051

33, 355
33, 037
32, 123
30, 279

32, 700
36, 530
35, 675
39, 338

73, 953
75, 124
71, 177
69, 217

35, 178
33, 893
40, 151
31, 377

9,206
7,036

31, 575
26, 644
33, 196

6, 046

32.312

6, 724

31, 288

9,680

37,717

9, 323

42, 342
36. 746

May
June
July
August

102, 217
89, 665
83, 171
84, 505

12, 300
10, 683
9,818
11,030

12, 762
12, 092
13, 166
13, 777

September...
October
..
November
..
December

85, 374
105, 673
93, 338
93, 210

10, 542
15, 917
12, 756
13, 184

13, 742
15, 727
13, 350
13, 673

9, 248
10, 704

1934
January
February
M^arch
April

87, 989
98, 735
85, 205
83? 868

10, 787
13, 543
13, 250
12, 708

11, 246
12, 706
9,483
9,525

5, 992
5, 579
5, 402
7, 198

May
June
July
August

84, 247
80, 175
82, 071
79,907

11,275
9,393
10, 725
11, 059

9,831
10, 511
12, 527
11, 869

5, 004
4, 832

September
October
November
December

98, 849
106, 477
97,911
110, 654

12, 620
14, 123
13, 729
14, 437

13, 157
13, 701
11, 909
12, 794

5, 776
9,019
7, 989

1925
January
February
March
._
April

102, 806
100, 968
112, 097
98, 006

13, 924
14, 880
14, 153
11,816

11,402
12, 077
13, 080
11, 506

8,463
8,262

92, 097
88, 702
93, 069
100, 547

10, 405
10, 016
9,841
14,287

9,514
11,247
13, 820
13, 770 i

100, 370
115, 834
118, 231
115, 642

12, 843
15, 675
14, 492
15, 257

15, 067
15, 703
15, 728
21, 287

.

30, 179
31, 948

9,015 i
5,505 :
4,089
3,944

44, 039

5, 769
6, 999
5, 729
5, 646

31,914

8,778

218,460
28, 893

5,049
4, 108

5, 289 |

3,670
4,256

6, 008

295,506 |
332, 323
320, 482
324, 291
302, 988
274, 001

278,594 j
254, 542 !

1

May
June
i July
' August

-

- -

S opt ember
October
November
December

--

--

9,073

9,512

9,986
8, 514

9,452

41,925
44, 127

38,915 i

41,487

36, 282

41, 932

37, 356 i
47, 115
43, 233
42, 676

44, 321
38, 789
43, 319
47, 929

29,308

91, 072

4,003
6,714
7,146

100, 574

i

1926

1
i

January
February
M^ arch
April
ML ay
June

-

_..J

..

i
'•-

|
i

._ !

'

j
i
•

i

...J

_ _ _ J i'

i

i

-„...

i

!

!

!

1
,• !

l

i

'

i

:

1

1

._..

j|
1
1

!

1
Compiled by the "U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent imports of merchandise only. Up to and including May,
1921, import values represented "actual market value or wholesale price at the time of exportation to the United States, in the principal markets of the country from whence
exported, including the value of all containers and coverings, whether holding liquids or solids, and all other costs, charges, and expenses incident to placing the merchandise
in condition, packed ready for shipment to the United States." (Tariff act of 1913). Beginning with June, 1921, the import values are either the actual foreign market
value, as defined above, or "the export value, including any export tax imposed by the country of exportation," whichever is higher. (Emergency tariff act of May 27,1921.)




127

Table 103.—EXPORTS BY GRAND DIVISIONS
TO NORTH
AMERICA

TO EUROPE

YEAR AND MONTH

Total

Germany

France

Italy

United
Kingdom

TO SOUTH
AMERICA

|

TO ASIA AND
TO
OCEANIA
| AFRICA
GRAND
TOTAL

Total

T«tal
iotal

Canada

Argenj tin a

Total

Japan

Total

$5, 208
3,479 j
3,811
9,096
15, 528
22, 815
30, 530

$2,411
2,110
3,095
4, 501
4,282
4,933
8, 160

$207, 002
176, 135
296, 223
456, 887
519, 459
512, 424
660, 085

Thousands of dollars
1913 monthly average. . $124, 964
1914 monthly average. _ 111, 608
1915 monthly average. . 214, 451
1916 monthly average.. 317, 773
1917 monthly average.. 338, 538
1918 monthly average. . 321, 558
1919 monthly average. . 432, 306

$12, 827
14, 175
41, 733
71, 735
78, 399
77, 600
74, 447

$°9 328
13, 191
981
188
2
()
3
()
7,730

$6, 556
8,161
22, 477
25, 294
34, 920
41, 015
36, 890

$49, 228
49, 984
99, 870
157, 282
167, 450
171, 774
189, 880

$50, 098
40, 132
46, 567
77, 046
105, 081
110, 457
107, 983

$33, 599
25, 885
28, 754
50, 409
69, 077
73, 906
61, 187

$12, 210
7, 584
12,011
18, 356
25, 991
25, 226
36, 812

$4, 582
2,261
4,403
6,406
8, 925
8,759
12, 992

$17, 319
14, 700
20, 009
39, 211
45, 567
50, 250
74, 775

372, 174
196, 992
173, 613
174, 451
203, 775
216,874

56, 349
18, 745
22, 247
22, 678
23, 472
23, 358

25, 953
31, 027
26, 343
26, 403
36, 702
39, 195

30, 980
17, 955
12, 575
13, 961
15, 596
17, 096

161,319
78, 510
71, 319
73, 527
81, 912
85, 990

160, 764
94, 132
76, 305
90, 514
90, 837
95, 029

80, 988
49, 473
48, 057
54, 327
52, 003
54, 230

51,993
22, 777
18, 840
22, 443
26, 188
33, 550

17,811
9, 236
7, 962
9,398
9, 758
12, 397

86, 932
53, 782
45,910
54, 827
55, 925
50, 243

31, 495
19, 620
18, 200
22, 019
20, 859
18, 976

13, 806
6,071
4,648
5,056
5,858
7,420

685, 668
373, 753
319, 315
347, 291
382, 582
409, 116

May
June
July
August

138, 344
139, 920
127, 295
136, 763

20, 524
19, 710
16, 578
18, 537

22, 969
18, 983
24, 934
23, 260

9, 914
13, 083
9,148
8,929

48,400
55, 047
45, 006
53, 001

103, 968
99, 485
95, 371
99, 050

66, 084
62, 459
58, 856
60, 579

22, 447
24, 705
23, 604
24, 420

10, 275
11, 094
9, 604
11, 783

46, 762
50, 560
50, 358
45,911

19, 890
16, 992
18, 220
13, 139

4, 838
5,287
5, 559
4, 822

316, 359
319, 957
302, 186
310, 966

September.
October
November
December.-

201, 988
214, 067
218, 491
246, 337

25, 082
30, 510
31,361
29, 979

31, 541
32, 802
28, 105
32? 395

15, 751
19, 176
18, 231
19, 839

90, 002
89, 221
101, 510
122, 995

97, 974
89, 910
84, 807
79, 918

60, 227
51, 719
45, 744
45, 339

21, 543
21, 875
23, 412
19,230

8,474
8, 593
9,215
6,308

55, 162
68, 663
70, 131
76, 165

22, 248
27, 277
35, 031
37, 756

4,767
4,703
4,643
5, 016

381, 434
399, 199
401, 484
426, 666

1924
January
February
March
April

202, 668
200, 746
169, 352
180, 279

23, 195
19, 946
21, 879
19, 915

40, 966
49, 088
36, 057
32, 874

16, 858
15, 889
13, 127
15, 226

84, 863
74, 154
57, 005
65, 712

74, 557
77, 390
86, 170
84, 782

40, 752
45, 013
49, 230
48, 325

23, 874
24, 453
23, 217
25, 206

8, 959
8,728
8,295
8,903

87, 034
42, 559
56, 635
49, 288

47, 637
20, 837
21, 629
13, 953

7,039
5,451
4,381
7,381

395, 172
365, 782
339, 755
346, 936

Misty
June
July
August

162, 178
141, 975
125, 948
156, 103

22, 073
21, 321
13, 179
20, 524

28, 271
18, 027
12, 836
19, 279

11,213
12, 045
8,042
13, 225

62, 409
51,795
56, 596
65, 687

88, 471
84, 929
83, 358
94, 563

48, 063
48, 274
45, 167
50, 385

24, 764
25, 860
23, 362
30, 538

8, 841
8,987
8,778
12, 399

54, 038
48, 897
39, 025
44, 333

15, 937
9,563
8,423
9,635

5, 638
5,328
4, 956
6,123

335, 089
306, 989
276, 649
330, 660

235, 729
290, 615
305, 456
274, 251

28, 217
26, 787
36, 765
27, 862

44, 381
49, 655
58, 312
50, 673

12, 793
21, 955
22, 863
23, 914

96, 663
125, 432
125, 835
116, 792

112, 150
133, 314
93, 094
77, 263

70, 455
86, 270
53, 110
38, 988

24, 224
32, 820
27, 087
28, 845

9,628
12, 764
10, 108
10, 702

49, 405
64, 190
63, 149
58, 362

15, 765
28, 928
31, 348
26, 451

5,952
6,232
4,787
7,027

427, 460
527, 172
493, 573
445, 748

1925
January
February
March
April

269, 415
222, 262
251, 823
208, 080

29, 210
22, 855
25, 690
22, 017

49, 615
43, 785
51, 386
32, 995

22, 668
23, 061
26, 063
19, 171

113, 136
85, 757
84, 999
73, 148

77, 948
75, 125
100, 297
92, 723

37, 063
39, 122
51, 179
49, 315

31, 745
25, 463
33, 548
35, 899

12, 893
9, 939
12,212
12, 242

60, 885
57, 742
58, 961
56, 667

27, 875
15, 803
21, 388
12, 751

6,584
5,330
8,805
7,679

446, 443
370, 676
453, 653
398, 255

May
June
July
August

175,
144,
155,
180,

785
412
027
873

20,531
15, 205
14, 402
18, 212

28, 727
22, 434
23,588
34, 114

14, 022
11, 765
12, 268
11,601

62, 990
57, 202
57, 738
63, 099

107, 471
96, 002
101, 556
101, 375

66, 817
59, 767
62, 596
60, 781

35, 690
31, 192
32, 275
38, 125

12, 263
10,936
11,977
14, 390

44,911
45, 110
44, 896
50, 790

8,133
9,722
10, 947
13, 238

7,362
6,434
5,876
8,701

370,945 .
323, 348
339, 660
379, 823

228, 379
282, 702
237, 644
246, 160

20, 545
34, 051
29, 560
28, 218

52, 117
56, 481
39, 120
35, 983

12, 793
17, 392
16, 766
17, 479

90, 334
121, 394
107, 247
114, 234

102, 819
96, 491
93, 739
96,162

63, 338
55, 798
53, 650
51, 649

29, 006
31, 135
34, 991
43, 545

9,661
12, 144
13, 230
16, 871

53, 107
73, 421
72, 654
72, 929

18, 012
33, 170
29, 861
26, 801

7,008
6,861
8,568
9,849

420, 360
490, 567
447, 013
468, 645

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

1923

September
October
November
December _ _

,„ .

- .

September
October
November
December

.

1926
J anuary
February
,. „ _
March
._„___
April
. .. ... „
May....... ......
June...
__.__... 1

j

I

r

"

i

j

i

Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent exports, including reexports, of merchandise only. Values
are those at time of exportation in the ports of the United States whence exported, except reexports from bonded warehouses, which are expressed in their import value
2 Total for year 1917 is $3,275. No figures for 1918.




128
Table 104.—IMPORTS AND EXPORTS BY CLASSES OF COMMODITIES
EXPORTS

IMPORTS

YEAR AND
MONTH

Total

Crude
materials

Foodstuffs, Manufaccrude,
tured
and
foodfood
animals stuffs

Semimanufactures

Finished
manufactures

Miscellaneons

Crude
materi-

Total

Foodstuffs, Manufaccrude,
tured
and
foodfood
animals stuffs

Semimanufactures

Finished
manufactures

Miscellaneous

Thousands of dollars
19 13 monthly av__
1914 monthly av__
1915 monthly av__
1916 monthly a v _ _
1917 monthly av__
1918 monthly av_.
1919 monthly av._

149, 383
149, 106
148, 216
199, 303
246, 039
252, 601
325, 364

50, 462
49, 790
57, 991
84, 132
105, 682
101, 760
139, 521

18, 413
19, 561
20, 242
21, 678
32, 144
28, 795
45, 441

16, 518
21, 378
22, 770
28, 226
29, 287
33, 114
46, 308

28, 355
23, 006
21, 748
34, 822
45, 124
54, 080
50, 860

1920
1921
1922
1923
1924
1925

439, 873
209, 096
259, 396
316, 006
300, 247
352, 333

146, 073
71, 090
96, 381

48, 136

115,737
103, 008
143, 435

30, 234
35, 406
41, 233

103, 179
30, 737
32, 290
44, 134
43, 467
36, 133

66, 835
28, 669
45, 793
59, 976
54, 657
62, 951

372, 545
320, 234
287, 434
275, 438

144, 924
117, 999
107, 047
94, 589

28, 839
24, 657
23, 783
21, 058

59, 893
53, 328
37, 590
33, 010

73, 074
62, 422
56, 169
58, 130

253, 645
308, 291

77,410

288, 305

92, 273
97, 814
103, 037

26, 479
34, 055
40, 134
35, 434

33, 321
48, 069
35, 590
27, 413

1924
January
February. . _
March
April

295, 506
332, 323
320, 482
324, 291

106, 434
116, 172
102, 169
110, 589

32, 584
30, 521
34, 464
35, 286

May
June .
July ...
August

302, 988
274, 000
278, 594
254, 542

104, 164
88, 682
89, 180
83, 288

37, 484
34, 189
39, 130

September
October
November
December.

287, 144
310, 752
296, 148
333 192

1925
January
February
March
April

34, 401
33, 936
24, 335
28, 798

32,327
33, 742
41, 028

1,234
1,459
1,130
1,648
1, 476
1,117 !
2,210

64,017

204, 024
172, 675
291, 104
451, 887

40, 938
47, 280

60,118

513,934
503, 990

65, 061
79, 432

645.818

134,178

673, 402

14, 121
22, 939
38, 470
35, 107
42, 406
45, 620
56, 530

27, 023
25, 727
45, 880
54, 003
67, 228
117, 152
163, 551

33, 066
27, 949
39, 641
76, 022
109, 835
87, 773
76, 854

65, 120
53, 243
109, 584
218, 780
225, 066
172, 437
213, 625

676
1,877
10, 238
7, 857
4,337
1,577
1,079

93, 080
55, 805
48, 965
48, 608
47, 791
47, 813

79, 909
33, 270
36, 484
46,977
50, 889
55, 144

267, 032
135, 497
107, 720
123, 147
132, 338
153, 570

980
654

130, 653
131, 543
128, 640
126, 779

302
287
190
186
513
573
942
587

2,633 !
1,681 ^
1, 590
1,734 ;
1,847
2,220

364,911

155, 902
81, 997

313, 776
340, 893

100, 170

401, 523

110.528
117,829

76, 498
57, 687
38, 212
21, 457
32, 724
26, 491

309, 390
312, 178
295, 725
304, 758

53, 300
68, 278
60, 531
65, 448

25, 997
21, 336
19, 510
23, 897

49, 132
41, 529

66,983

495
416
353
1,668

42, 635

50, 006
49, 206
49, 337
45, 813

49, 277
57, 386
50, 825
54, 207

62, 997
73, 773
64, 110
64, 961

4,161
2,735
2,860
3,253

374, 191
392, 207
395, 667

131, 500
149, 803
160, 346
182, 515

27, 171
21, 747
14, 461
14, 874

46, 493
50, 664
52, 295
56, 653

45, 039
45, 980
48, 955
50, 871

124, 233
123, 440

38, 202
58, 742
67, 294
58, 629

58, 044
66, 634
56, 174
54, 529

57, 605
57, 909

2,637
2,345
1,511
1,189

389, 057
358, 211

132, 848

335, 734

85, 609
80, 719

59, 315
53, 325
49, 782
42, 693

54, 619
50, 342
50, 060
50, 986

127, 326
127, 215

331,655

13, 810
13, 925
14, 976
13, 336

147, 546

639
693
626
454

48, 652
48, 366
44, 909
47, 140

61,677
60, 575
62, 144
60, 466

414
414
736
1,781

325, 839
299, 160
270, 598
325, 027

77, 047
62, 387
55, 863
63, 044

10, 638

31,471

50, 581
41, 774
42, 495
30, 396

12, 821
31, 728

37, 452
34, 035
37, 220
44, 378

53, 103
50, 461
46, 251
47, 166

147, 348
136, 936
118, 123
138, 234

251
327
320
477

96, 242
100, 726
106, 807
130, 665

29, 152
42, 462
38, 076
40, 053

38, 243
38, 414
28, 936
27, 395

52, 384

66, 456
68, 979
61, 464
69, 133

4,667
2,320
1,948
2,186

419, 064
518, 265
486, 453
438, 587

127, 974
162, 432
196, 372
168, 335

66, 064
101, 820
58, 940
39, 619

48, 834
54, 461
54, 287

49, 556
53, 428
50, 896
53, 801

126, 198
141, 107
124, 897
122, 017

438
767
887
528

346, 165
333, 457
385, 379
346, 091

147, 597
128, 603

38, 066
36, 778
50, 157
36, 591

32, 336
39, 776
46, 848
48, 426

63, 104
63, 649
75, 943
59, 824

62, 313
62, 848

440, 438
364, 835
445, 533
391, 594

168, 194
128, 697

25, 873
23, 554

121,690

31,102

62, 305

2,268
2,066
2,415
1,012

83, 908

36, 192

54, 044
46, 277
55, 597
39, 386

58, 271
47, 777
64, 543
60, 704

133, 059
117, 894
171, 553
170, 875

997
636
1,048
529

May
June..
July
August

327, 519
325, 216
325, 648
340, 086

135, 737
129, 664
124, 431
140, 524

34, 168
35, 738

56, 206
59, 072
58, 983
65, 302

60, 892
62, 434
64, 836
65, 664

517
571
1,152
2, 506

362, 757
355, 397

36, 702

39, 896
37, 688
34, 231
29, 786

65, 640
52, 217
56, 340
71, 472

33, 626
21, 879
22, 555
28, 564

41, 161
43, 017
43, 339
47, 514

58, 938
54, 348
57, 802
52, 149

163. 057
143, 670
151, 099
172, 406

335
266
512
362

September
October
November
December

349, 954
374, 074
376, 638
397, 945

142, 198
151, 144
165, 904
175, 727

45, 247
44, 278
46, 588
48, 161

33, 110
33, 192
29, 339
28, 937

58, 021

65,370
77, 224
70, 515
74, 089

6,059
2, 553
2,096
3,436

412, 698
482, 921
439, 449
459, 506

131, 579
209, 659

34, 179

65,713

172,534

19, 485
21, 187

52, 659
51, 474
46, 972
52, 676

50, 058
50, 751
50, 035
53, 705

143, 470
151, 070
149, 232

753
655
1,191
830

monthly av__
monthly av__
monthly av_.
monthly av__
monthly av__
monthly av__

1923
May
June
July
August.
September
October.
November
December

291,333

._-

142,211
140, 540

25,331
27.660

42,366

56,651
58, 917
60, 260

62, 223
67, 595

73, 094

51,577
55, 642
64, 212
62, 446
66, 362

65, 320
61, 462
62, 492

58,870
64, 069

67,913

374,804

421,011

113,711

331,647
372, 647

1926
January
February
March
April

152, 490

15,014

19,312

37,517

58,711

j

•1

May
June

!
1

81,800

1

Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. For changes in valuations, seo footnote on preceding page.




118,668
115,511

130,602

176,619

-r;92
535
534
534

129
Table 105.—CANADIAN INDUSTRY
PIG

IRON
YEAR AND MONTH

STEEL
INGOTS

Production

Production i
Thous. of long
tons

BUILDINGS 3

NEWSPRINT PAPER *

COAL

Shipments

storks
»*OCKS

Contracts Trade Workers
Jobs
awarded unions registered registered

Exports

i

Thous. of
short tons

Thous. of
dollars

Short tons

19 1/} monthly average
1914 monthly average
1915 monthly average
1916 monthly averpge
1917 monthly average ._ _
1918 monthly average- _ .
1919 monthly average- - -

84
58
68
87
87
89
68

87
62
76
106
130
140
77

1, 251
1, 136
1, 106
1,207
1, 171
1,248
1,160

1920 monthly average.. ._
1921 monthly average- _ .
1922 monthly average. - 1923 monthly average. - 1924 monthly average. _ 1925 monthly average.- _

81
50
32
73
50
48

92
56
41
74
54
63

1,412
1, 255
1,263
1,416
1, 104

72, 931
67, 339
90, 028
105, 519
112, 750
126, 851

74
62
60

66
67
55
41

1,240
1,536
1,515
1,286

78
84

41
71
94
104

85
57
45
23

'>3

EMPLOYMENT <

Per cent
employed

Employment
index

Rel. to
Jan., 1920

Number

13, 352
12, 597

12, 233
24, 382
30, 384
38, 601
45, 026
50, 425
55, 203

$32, 013
20, 163
6,993
8,276
7,070
8,320
15; 836 j

72,563 j
66, 930
90, 499
104, 543
112, 063
127, 346

10, 687
17, 045
10, 600
14, 948
19, 789
22, 454

59, 469
62, 969
79, 960
94, 830
101.615
116,805

21, 300 ;
20,011
27, 654
26, 188
23, 022
24,831

95.4
87.5
93.0
95. 1
93.0

41, 533
44, 240
45, 690
49, 098
43, 281

40, 165
35, 002
39, 157
45, 082
34, 339

102, 486
114, 475
110,839
95, 726

99, 1 18
112,996
110,786
100, 624

18, 670
20, 123
20, 047
15, 123

90,
100,
103,
94,

23, 382
30, 078
15, 632
21, 507

98.0
95.2
93. 8
93.8

67,097
68,322
44, 359
35, 559

77,086
63, 590
32, 876
23, 833

99.5
98.8
95.7
88.7 |

1, 490
1, 212
1,537
989

110, 529
112, 318
113, 192
116, 283

108, 620
110, 555
111,916
114,647

16, 493
18, 195
19, 388
20, 978

93, 708
99, 621
127, 583
80, 872

6, 538
21, 249
11,584
30, 199

92.5
92.2
93.3
94.9

44, 613
49, 915
34, 897
39, 401

33, 571
41,016
26, 104
35, 670

90.6
90.7
89.3
91.8

108
69
52
23

708
716
669
683

118,500
108, 321
114, 133
114,417

118, 306
113, 866
110,485
112,802

20, 746
15, 272
18, 840
20, 380

107, 784
95,717
105, 133
94, 486

32, 967
26, 185
23. 818
26, 664

92.6
95.9
94.6
93. 5

43, 445
35, 730
36, 105
44, 557

33, 219
27,906
26, 589
35, 302

95.2
95.9
94.7
03. 1

18
20
23
26

903
1, 297
1, 546
1,506

108, 100
113, 156
111,703
112,342

106, 882
112, 324
112,636
111,718

21, 547
22, 304
21, 371
21, 954

101, 843
99, 812
96, 981
115,844

22, 506
21, 067
24, 614
28,868

94. 1
93.4
90.3
88.4

62, 465
50, 982
40, 078
37, 187

65, 709
40, 310
23, 438
23, 233

93.9
93.0
90. 8
83. 9

8, 935
11,048
13, 393
24, 887

89.8
90.5
91.5
91.3

42, 059
31, 537
38, 028
33,544

26, 807
20, 240
24, 510
35, 563

86. 1
87.0
87.2
90.8

34, 052
33, 230
22, 179
31, 208

93.0
93.9
94.8
95. 6

39, 953
38, 107
39, 502
83, 777

30, 650
29,335
31,509
81,886

94.5
96. 8
96.3
96.6

29, 746
29, 648
46, 973
12, 675

94. 3
94.9
94.3

77, 436
50, 212
27, 215

75, 312
42,230
40, 766

98.3
97. i
95.3
89.6

j

62, 386
67, 922

61, 527
67, 284

692. 1
7
98. 1
7
98, 1
7
98. 5
96.6
5

100.0
87.0
88.6
94.8
91.9
93. 0

1923
September-- -.
October
November
December
1934
1 January
j "February
March
April . _. - -..-

64
60

Mav

June
July
' August

-

-

Septetn ber
October
November
December

29
23
23

__ _

930 i
722
195
824

i

1925

January
February-March
April

28
30
64
60

27
37
108
88

May
\

63
46

i

27

i
i
;

35
74
69
55

122, 234
116, 780
124, 611
125, 740

20, 989
20,114
21, 892
25, 163

104, 654
103, 857
144,411
93, 882

130, 198
124, 394
121, 849
120, 957

128,571
127, 326
122, 490
12], 181

26,
23,
23,
22,

115,766
114,653
107, 767
116, 232

124, 889
137, 670
132, 332
136, 983

124, 874
139, 051
135, 127
140, 165

22, 864
21, 423
21, 563
18, 414

1,482
1,156
786
555

121, 605
115,809
126, 452
129, 079

100
63
22
25

664
733
744
987

37
109
73
62

1, 191
1, 563
1,650

i

|

June
Julv .
August

--

September
October
November
December

_

--

!

j

I

848
965
258
956
!

i

!

U6, 278
124, 529
122,486
137, 140

j
I

!

1936

January
March
\pril

12, 669
i

!!

j
i

Mav

i

J urif

i

'

;
i

1

i

1

11

Production of iron, steel, and coal, compiled by Department of Trade and Commerce, Dominion Bureau of Statistics. Coal figures include bituminous, subbituminous
and 2lignite, and previous to 1919 comprised sales, colliery consumption, and coal used by operators, thereafter the tonnage representing output of all mines.
Production, shipments, and mill stocks of newsprint, comprising practically the total production of Canada, furnished by the News Print Service Bureau; exports from
Department of Trade and Commerce. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 49.
3
Building contracts furnished by McLean Building Reports (Ltd.); monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 46.
4
Percentage of trade-union membership employed and applications and job vacancies reported to Canadian employment service, latter being prorated from weekly
reports, from Dominion Department of Labor, Employment Service of Canada; employment index number taken as of the first day of the month following that indicated,
showing conditions reported by an average of about 5,800 firms employing about 775,000 workers in 1923, in manufcturing construction, mining, logging, and services from
Department of Trade and Commerce, Dominion Bureau of Statistics. Trade-union employment figures from 1915 through 1918 are avers
"
• * , .
erages of quarterly data.
6 January, 1920.
8 Decemberly only.
7
Average of four quarters, March, June, September, and December

79396°—26




9

130

Table 106.—CANADIAN FINANCE AND TRADE
BUSINESS
FAILURES 2
BANK
CLEARINGS*

YEAR AND MONTH

RAILROAD
OPERATIONSfi

FOREIGN TRADE *

BOND ISSUES 3

Exports of key
GovTotal
commodities
ern(value)
(quantities)
ment Munic- Corporation
and
ipal
bonds
provinCanned Cheese
Imports Exports salmon
cial

Firms Liabilities

Freight
carried
1 mile

Net
operating
revenue

Thousands
of tons

Dollars

Millions
of dolls.

Number

1913 monthly average
1914 monthly average _ 1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average - _ _ .
1919 monthly average

$775
659
637
859
1,021
1, 115
1,351

152
241
219
148
93
68
52

$1, 388
2, 562
2, 698
1,312
1,138
1,035
843

$4, 422
7,118
17, 901
17, 385
56, 198
58, 000
64, 429

$9, 647
7, 032
5, 542
4,158
2, 365
4,917
2,583

$6, 171
3, 644
1,888
3, 540
2,708
628
5, 121

$55, 934
51,600
37, 996
42, 350
70, 538
80, 294
76, 643

$31, 422
37, 953
39, 287
64, 858
98, 268
132, 181
105, 730

1, 757
5,092
2, 888
4, 095
4,026
3,648
3,976

12, 942
12, 076
11,442
16, 081
16, 492
14, 573
12, 684

1, 919, 413
1, 838, 608
1, 471, 776
2, 349, 614
2, 598, >m
2, 585, 756
2, 245, 883

$6, 224, 251
5, 342, 357
4, 342, 664
6, 915, 408
7, 323, 404 1
4, 688, 726
2. 650, 772

1920 monthly average
1921 monthly average
1922 monthly average
19?3 monthly ave r age
1924 monthly average
1925 monthly average

1,632
1,401
1,304
1,392
1, 367
1,344

82
199
271
243
192
175

1,845
4,221
4,771
4,285
3, 378
2, 879

9, 749
13, 395
27, 125
25, 107
25, 748

4, 466
7, 052
7, 290
7,227
7, 270

3, 846
5,121
6, 729
10, 880
15, 284

88, 711
103, 347
62, 317
66, 882
74, 428
66, 413

107, 222
100, 869
62, 827
78, 858
88, 230
90, 113

5, 127
2, 563
3,635
2, 683
4, 506
6, 477

10, 533
11, 135
11, 104
9, 546
9,732
10, 580

2,605,416
2, ly9. 492
2, 202, 005
2, 602, 303
2, 362, 085
2, 425, 490

419,703
3, 034, 176
3, 895, 609
4, 138, 222
5, 829, 025
5, 130. 336

Thousands of
dollars

Thousands of dollars

Thousands of
pounds

I

1923
1 170
2,185
1, 851
1, 518

213
231
226
174

2 889
3, 521
8, 077
2, 084

50, 000
40, 150
9,000
140, 892

8, 718
2, 048
1, 737
1,775

4, 050
17, 300
7,583
21.410

71, 351
75, 641
72, 084
65, 656

68, 818
101, 300
139, 005
124, 916

3, 545
8,340
8,396
5,334

22, 335
22, 164
15, 808
8,038

3, 269, 351
4, 487, 120
4, 835, 545
4, 218, 754

6, 929, 695
14,407,111
12, 524, 881
' 8,235.775

1,339
1,236
1,142
1, 215

283
248
212
177

7, 675
6, 149
4, 769
2,710

8,300
2,000
8,500
14, 000

21, 545
5,435
2,218
9, 259

50, 510
13, 050
5,221
1,200

66, 568
62, 134
86, 954
60, 173

70, 355
68, 332
93, 615
49, 518

5,228
4,549
7,927
1,671

2,278
1,505
924
510

2, 473, 895
2, 481, 524
2, 665, 992
2, 267, 328

1, 771, 445
1, 472. 878
5, 323, 691
3, 485, 058

1,380
1,210
1,404
1, 202

194
149
137
128

3,356
1, 170
1,931
1, 145

3, 925
19, 750
42, 036
21, 000

5, 295
7, 476
6,598
4,306

4,850
4,125
24, 860
2,575

72, 058
66, 396
72, 631
61,970

105, 311
88, 328
88, 221
74, 822

2,585
2, 855
2,079
4, 947

1,867
3,214
19, 929
18, 616

1, 274, 052
2, 493, 968
2, 053, 808
1, 599, 078

6 433, 895
2, 353. 797
3, 040, 230
4, 745, 483

1,314
1, 715
1, 593
1,652

158
187
208
219

1,779
2,460
2, 524
4, 8G8

178, 902
1, 000
3,720
5, 839

6,880
1, 271
14, 571
2,388

28, 265
3,325
10, 170
35, 261

63, 901
68, 184
66, 229
60, 946

82, 456
104, 316
119, 876
125, 462

10, 415
12, 497
10, 778
8,154

20. 395
25, 793
17, 050
9,385

2, 129, 972
3, 625, 576
3, 778, 733
2, 771, 968

7, 553, 013
12, 743, 845
10, 601, 800
7, 771, 146

January
February
March
April

1,364
1,069
1,151
1,229

285
185
199
145

4,923
2,602
3,392
2,049

4,000
39, 406
None.
29, 240

5, 484
2,601
4,588
4,680

35, 460
36, 175
14, 560
7,045

58, 376
61, 430
84, 638
59, 105

75, 999
71, 164
95, 888
60, 709

10, 525
4,777
6, 446
1,411

3,581
3,798
2,826
954

2, 332, 806
2, 138, 117
2, 404, 001
2, 076, 103

1, 523, 954
2, 334, 827
4, 417, 492
3, 120, 268

May
June
July
August

1, 290
1,186
1,273
1, 195

163
157
154
110

6,108
2,204
2,504
949

3,500
11, 296
None.
None.

7,544
6, 468
2,032
1,534

5,885
12, 892
3,400
None.

75, 895
75, 592
81, 492
82, 074

97, 475
94, 319
103, 280
112,414

2,019
999
2,492
6,495

3,372
8,721
25, 660
23, 508

1, 863, 804
1, 827, 444
2, 062, 696
1, 855, 209

1, 804, 968
2, 137, 395
6,417,632
8, 136, 550

1,278
1,647
1,613
1, 835

142
183
167
216

1, 600
3,531
2,357
3, 189

155, 100
150
2,275

2,496
3,385
4,909

7,550
8,328
24, 425

78, 663
80, 800
75, 286
76, 918

109, 574
144, 520
141, 359
176, 399

10, 206
10, 398
9,679
9, 424

22, 646
25, 748
17, 469
12, 461

3, 316, 927

11, 537, 616

1,300

249

2,677

October
November
December

_

_. _ _

1924

i

January
February
March
April

--

May
June
July
August

- _ -

September
October
November
December.. ...

_ _.

.__

_

1925

.

September
October
November
December

-

1926
Januarv
February
March
April.

May
June

.

1

|

--li

i

2
i Bank clearings, covering 16 cities, from Bradstreet's.
Business failures from Bradstreet's.
3 issues of Canadian bonds from The Financial Post.
4
Foreign trade statistics from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures represent monthly averages for the Canadian fiscal
year ending March 31 of the year indicated.
» Annual figures, from Department of Trade and Commerce, cover all railroads in Canada, average for the fiscal year ending March 31 of the year indicated; monthly
reports cover all railroads with annual operating revenues of $500,000 or over, which includes 98 per cent of the total revenues of all roads. Monthly data from 1920 appeared
in July, 1922, issue (No. 11), p. 45.
e Deficit.




131
Table 107.—INDEXES OF COTTON
STOCKS' END OF MONTH

YEAR AND MONTH

Receipts
i 11 to
sight

Imports

World visible

Domestic

Exports
(in- COMclud- suinp»
(ion
ing
Hitters)

WHOLESALE PRICES

MACHINERY
ACTIVITY

Cotton

Price
to
Ware- Total Amer- Active proMills houses cotton ican
spin- ducer,
cotton dles
ail
grades

Total

Cotton Cotton goods
yarns

FALL RIVER
MILL
DIVIDENDS

(quarterly)

SheetCardings,
ed
white, Print
4/4
Mid- north- cloths ware
Ratio
to
dling
ern, 64 x 60, shoals, Total capiupmule 38H"» L L
land, spun,
5.35
taliza36"
tion
N.Y.
22/1 yds. to 4yds.
cones, 1».
to Ib.,
Boston
N. Y.

Relative to 1913
1913
1914
1915
1916
1917
1918
1919

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av
monthly av

100
86
104
99
80
76
86

1920
1921
1922
1923
1924
1925

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av

75
83
81
78
92
110

2 100 * 100
2 142
183
174
125
102
158
271
125
168
169
145
142

2

1OO
106
135
107
91
92
115

107
97
106
109
80
94

193
277
189
137
136
157

129
145
113
80
84
104

127
143
102 !
70
78
106

!

100

100
95
79
113
184
249
254

100

100

100

88
81
120
181
268
241

87
77
115
179
300
275

100
91
84
118
193
317
274

100

85
162
117
188
246
252

59
55
114
203
291
235

60
54
95
183
252
201

111
108
108
113
102
107

100
145
111
89
91
117

155
198
153
125
111
129

105
97
109
117
99
115

1OO
101
102
106
109
110
111

100

128
194
169
144
179
203

1OO
111

98
108
119
122
111
106

71
75
70
61
76
95

100
89
114
137
122
117
105

100

159
155
134
152
160

10O

73
97
81
55
47
75

250
106
163
228
224
185

265
119
106
230
224
184

284
133
161
196
192
169

343
145
162
192
174
175

344
143
168
172
185
172

486
150
147
170
136
81

411
112
110
113
88
51

227
240
258
268

223
235
274
280

191
200
218
228

188
188
203
212

181
204
208
217

131

87

270

179

126

83

143

93

161

104

113

73

124

79

76

49

65

42

58

35

I

1

1933
September
October
November
December

124
198
178
142

36
41
90
191

97
109
107
117

95
149
169
167

104
117
114
100

57
81
106
120

124
202
218
204

64
86
97
107

62
90
105
110

111
112
112
111

2

!

1924
January
February
March
April

75
35
31
34

258
263
270
219

73
65
44
43

124
109
104
103

149
132
114
92

120
116
111
98

172
145
116
88

102
104
94
80

98
90
77
60

109
107
106
104

271
262
231
239

271
250
223
234

223
211
195
192

199
183
169
171

220
204
196
180

May
June
July
August

34
18
21
33

87
74
37
22

44
31
28
37

89
75
75
77

74
59
45
44

85
70
53
41

65
51
39
46

71
61
50
43

50
40
30
27

100
96
94
95

234
232
228
232

247
235
248
229

192
191
190
189

168
171
171
175

177
176
175
189

September
October
November
December

153
233
230
206

52
98
95
264

99
127
175
144

94
115
106
115

84
161
190
192

38
54
77
97

120
245
278
268

60
97
118
133

64
109
141
156

99
102
104
107

185
193
188
200

191
192
190
186

175
181
180
180

162
165
170
171

179
168
173
176

1925
January
February
March _.
April

115
72
67
41

297
325
184
121

14.4
109
99
63

128
118
125
128

172
150
119
103

106
113
120
111

224
178
118
97

133
129
121
104

153
141
123
96

109
109
109
109

189
192
204
198

188
193
200
191

177
174
174
170

174
180
182
179

176
174
179
173

26
11
13
65

108
54
50

44
29
27
42

114
106
104
96

80
61
45
56

99
83
64
50

66
44
30
60

88
68
53

73
51
36
36

108
106
104
102

192
192
195
195

183
189
194
186

161
163
168
171

175
175
180
179

170
158
156
170

194
262
245
208

82
67
146
187

101
190
162
132

104
117
117
124

130
185
216

64
89
107
126

182
261
302
325

89
118
138

m

91
134
159
183

103
106
108
108

188
179
151
145

184
172
162
158

171
174
164
162

180
181
169
165

172
176
176
167

154

170

!

May
June
July
August

September
October
November .
December.

1926
January
February.
March
April
May
June..
1
2

i

143

_

For numerical data and complete explanation of sources, etc., see Tables 6, 9, and 10,
These figures are for fiscal years ending June 30 of year given.




!

1

132

Table 108.—INDEXES OF WOOL AND SILK
RAW WOOL

WOOL MACHINERY ACTIVITY

Eeceipts at Boston

| YEAR AND MONTH
Total

Domestic

Foreign

Wide

Narrow

I

Carpet
and
rug

Sets
of Combs
cards
Woolen

RAW SILK

Wool
(Boston)

Worsted

,

Worsted
yarn

Suit- Wholesale
ings
price

1/4
blood
combTerri- ing
tory grease,
fine
staple, Ohio
and
scour- Penned
sylvania
fleeces

Spinning
spindles

Looms

Imports

WHOLESALE PRICES

crossbred
stock,
Boston

Ws

Wool- Japa- Imdyed, nese, ports
blue,
55/56", Kansai,
Mid1,
dlesex, No.Y.
N.
N. Y.

Relative to 1913
!

1913 monthly average. 100
1914 monthly average.
149
1915 monthly average191
1918 monthly average.
196
1917 monthly average. 225
1918 monthly average - 224
1919 monthly average. 213

I

10O

100

1OO

100

100

100

118
112
127
130
113
132

228
391
371
468
506
419

171
272
296
278
299
294

99
97
115
116
113
95

107
100
125
122
115
99

96
106
118
109
88
84

100 | 100 | 10O 10O
97
100 i
97
105

100

100

100

104
144
164
264
304
256

82
101
135
201
272
210

100
94
101
128
204
262
260

114
119
115
105

117
117
112
108

j
j
j
!

117
121
117
108

100
122
115
109
107

107
125
| 153
279
; 3 323
'
298

97 |
116
118
127
104
100 :

87
94
112
119
110
109

100
111'
107
124
89
91

291
149
219
247
249
246

204
104
172
204
212
220

235
152
182
223
218
221

:

271
183
201
234
237
237

106 ! 101

no

2

10O
90
109
120

10O

102

91
134
151
172
244

127
142
162

1920 monthly aver age 1921 monthly average.
1922 monthly average,
1923 monthly average.
1924 monthly average.
1925 monthly average.

122
152
193
185
139
136

65
89
118
90
124
82

266
315
383
429
176
274

171
212
248
280
177
224

87
92
91
111
92
92

96
88
89
104
85
88

99
75
113
121
97
106

89
91
113
125
111
109

1924
January..
February
March
April... .

161
96
202
90

88
40
92
74

347
240
486
132

244
314
325
234

97
95
95
88

92
91
91
72

111
112
107
95

111
120
126
116

112
116
119
114

98
104
99
91

240
247
247
239

208
216
216
212

219
219
212
21 2

239
239
239
239

:

! 22
118
101

101
150
200
199

84
192
266
242

145
42
30
89

150
130
48
68

91
82
78
78

85
78
69
75

80
72
76
84

114
108
98
93

80
68
69
89

107
102
93
93

65
60
69

233
225
228
239

196
176
176
192

212
206
200
206

239
233
233
233

i
:

101
83
122
157

110
82
91
193

78
87
200
243

96
132
131
252

88
98
102
104

81
89
98
96

96
105
115
112

111
117
117
117

112
128
125
120

112
118
116
119

91
106
103
105

253
260
282
295

212
228
244
280

238
251

233
239
239
239

192.5
January
February _
March
ApriL

208
97
175
102

25
36
41
30

674
255
519
286

376
299
283
229

102
100
94
91

98
95
93
93

Ho
119
126
112

117
118
120
113

116
114
100
87

114
116
119
113

102
100
89
82

393
289
277
249

276
272
252
216

245
245
''32
225

245
245
245
245

Mav
June
July
August

88
143
245
187

66
152
285
152

139
120
143
274

177
162
165
273

88
86
81
84

81
81
71
78

108
103
96
100

110
104
101
104

75
83
84
100

110
108
103
103

73
72
73
88

218
230
240
230

180
200
208
204

225
225
219
212

233
233
233
233

;
170 ;
| 175

109
93
80
100

55
44
54
41

218
167
251

150
189
199
183

92
96
99
93

84
92
93
88

96
94
101
99

108
103
105
103

103
114
117

106
106
105
99

95
108
101
96

225
232
232

200
204
216
220

212
212
206
200

233
233
233
233

_.

May
June
July

August
September..
October
November

September
October
November
^December

_

1926
January
._
FebruaryMarch
April.-

I
;

J
I
j

1
_

i i :>

i

.

S

202
189
171

155

186
147
97
154

132
137
148
167

151
127
160
175

149
158
170
174

228
197
223
270

;

167

!

171
160
164

233
185
200
174

I
\

:

:

:

174

'

178 '

235
190
219
207

182
183 i
180 '
187

295
254
239
283

|

j

n

i

i

!

^

|

h

i|

'
1—

|
i

i
1
2

i

116
154
!69
181
176
226

i

i
Mav
June

|

j

227
166
198
226
163
174

For numerical data and complete explanation of sources, etc., see Tables 6, 7, and 11,
Six months' average.




!

|

133
Table 109.—INDEXES OF PETROLEUM AND PIG IRON
PRICES, REFINED OILS IRON
ORE!

CRUDE PETROLEUM

PIG IRON

Production

Furnaces in
blast, end
of month

Wholesale prices

Price,
Lub.
Total
Kan- Oil Mexi- Gaso- Kero- Fuel oil,
Shipoil,
Pro- st'ks, Im- Consas- wells can
line sene Okla- 600°, ments
oil,
duc- end ports sump- Okla- com- ship- mo- 47°, 24-26, steam from
tion
tion homa pleted ments tor. water at
Mer- Fur- Caof
ref.
N.Y. while refin. Penn. mines Total chant naces pacmo.
at
iron
wells
field
ity

YEAR AND
MONTH

Foundry
No. 2
Northern
(Pittsburgh)

Basic Comvalley posite
furPig
nace iron

Relative to 1913
average. 100
average. 107
average. 113
average, 121
average. 135
average, 143
average. 152

100
118
139
138
128
112
119

100

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

178
189
224
295
287
304

143
171
265
311
309
290

1923
September
October
N o vember
December

315
326
316
288

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

100
74
86
122
123
115
86

100
70
85
119
126
131
90

100

100

10O

75
100
127
127
127
98

87.
93
132
259
215
189

88
93
134
265
221
188

88
92
132
259
222
194

119
45
87
120
87
110

| 120

107
39
67
103

118

109
33
63
107
83
88

80

116
52
90
130
101
119

281
157
168
176
141
135

287
148
164
175
137
133

284
156
162
176
142
138

111
99
60
(2)

122
123
113
114

101
100
96
100

95
91
86
86

112
118
112
112

166
159
148
148

169
160
142
142

168
158
146
148

181
203
221
227

8

118
120
135
126

99
88
105
102

92
98
100
86

121
129
134
115

151
155
155
147

144
150
149
147

150
156
155
152

Mav
June
.
July
August

92
87
87
87

207
189
181
169

80
93
89
82

102
79
70
74

91
69
59
63

68
60
54
56

92
74
66
75

141
134
130
131

139
134
129
129

146
137
130 '
131

September
October
November
December

135
134
134
137

102
104
113
130

183
190
198
231

75
68
25
(2)

80
97
98
116

72
82
81
78

64
68
76
85

86
97
106
117

135
133
133
143

129
129
130
142

132
132
134
145

101
125
' 122
119

.134
136
133
126

148
147
126
114

229
235
220
184

26

132
126
139
127

90
90
100
99

93
94
91
82

132
138
134
123

151
148
143
137

149
150
145
137

151
151
148
141

475
413
391
303

113
128
131
! 120

122
122
117
117

101
104
100
115

183
203
188
164

101
97
104
104

114
104
104
106

83
74
83
77

73
71
71
71

107
104
103
105

131
125
127
127

128
123
122
122

134
128
128
128

__.

September. __
October
! November ...
December

320
307

101
101
101
101

120
125
129
142

116
117
135
139

156
162
160
178

90
85
52
(2)

106
118
118
127

82
87
90
96

74
77
82
87

113
117
123
128

128
131
138
139

124
127
135
136

130
134
142
144

.

1926
i January .
Februarv.
M arch
April

83

124

1 Mav
June

127
77
91
85
76
86

594
699
724
563
524

331
341
349
351

406
460
410
567

285
202
279
293

144
133
112
109

80
72
63
56

348
352
355
361

425
439
579
492

286
271
290
283

133
162
179
186

366
370
374
380

498
449
438
395

286
275
280
280

384
381
379
374

361
328
448
394

286
297
294
317

296
295
294
294

313
311
297
294

.

364
182
193
154
155
179

329
322
325
323

1925
January
Februarv
March..
A pril

201
201
226
273
287

292
292
274
277

... .

610
704
715
461
437
348

299
288
299
304

_

100
87
48
98
87
93
110

100

86
62
135
190
235
244

277
270
290
289

-

100

287
261
292
297

1924
J anuarv
February
March
April

Mav ..
June
July
^
! August

100
75
97
127
124
! 126
100

100
100
104
122
144
158
160

100

100

141
144
146

95
81
92
131
175
188

100
73
57
97
169
209
124

100
79
56
78
114
175
229

174
155
149
123
107
114

242
138
137
136
131
127

291
76
105
103
106
122

425
123
112
121
199
189

523
534
555
628 !

114
110
101
92

123
135
134
133

95
89
80
88

99
111
114
130

49
57
68
90

459
547
617
626

98
119
118
119

140
147
135
130

121
128
119
107

186
166
166
147

104
96
100
87

577
521
504
488

119
119
116
112

123
118
117
117

141
134
130
128

71
67
63
62

434
463
519
530

104
83
88
89

473
376
430
365

138
186
193
193

55
62
68
98

510
474
542
445

297
296
294
289

437
347
289
273

193
193
193
184

105
107
113
99

287
284
283
278

271
294
330
294

171
171
170
166

94
89
74
73

97
102
115
169
212
297

82
127
154
213
246
337

i

1

94
132
127
124
96

;

\
I

| 130
1

101

100

!

1

.

i

1
!

j

|

!

numerical data and complete explanation of sources, etc., see Tables 12, 24, 25, and 26.
Relative number less than 1.




65

130

i
5
For
1

100
;

i

j

i

I

134
Table 110.—INDEXES OF STEEL
STEEL

IN-

GOTS

Produc-

YEAR AND MONTH

tion

COMMERCIAL
STEEL CASTINGS

Total
bookings

Railroad

Unfilled
orders, Earnend of ings

Miscellane-

cialties

U. S. STEEL '
CORP.

bookings

spe-

ous

month

FABRICATED
STRUCTURAL
STEEL

WHOLESALE PRICES

Steel Strucbillets, tural
Besse- steel
mer beams
(Pitts- (Pittsburgh) burgh)

Bookings
Iron

and

Exse-

Com-

steel

posite
steel

ports,

ct.
Quan- Percaof
tity
pacity

100
78
S7
170
271
183
157

100
83
93
177
209
202
174

100
87
94
154
266
215
191

100
88
95
163
259
220
193

100

100
140
138
120
112
106

129

218
134

74
131
111
120

190
16*

162
147
137

187
131
115
160
153
133

240
155
144
169
155
147

211
156
134
172
165
156

1W

108
100
92

155
138
138
149

173
165
165
165

174
169
166
106

181
J77
172
170

97
104
102
97

85
79
74
75

125
163
151
123

162
155
155
155

166
166
166
166

81
147
248
138

114
134
145
125

81
83
81
71

129
142
167
140 I

155
155
155
155

109
94
73
70

116
109
67
60

103
81
78
78

61
55
54
56

117 '
104
91
88

112
124
124
141

120
128
142
185

123
129
172
221

118
127
117
153

59
60
68
82

1925
January
February
March
April

166
149
166
142

159
118
114
113

169
113
90
92

150
122
135
132

May
June..
July
August

137
127
122
136

95
93
105
99

67
69
83
76

138
154
155
158

94
117
134
164

71
85
133
179

lected
Items

100

100
143
146
132
130
127

1913 monthly average--.! 100
1914 monthly average,- 75
103
1915 monthly average.- _|
1916 monthly average, _.| 137
144
1917 monthly average,.142
1918 monthly average, .
.
111
1919 monthly average.- -

100
76
112
173
148
186
73

100
75
105
194
110
171
42

131
48
130
143
124
117

112
40
140
134
134
102

178
170
104
101

165
180
72
79

133
142
124
113

95
76
81
82

145
152
167
133

100
76 |
117
156
ISO
199
99

100
70
88
105
181
116
101

!
!
!
I
i

170
90
96
102
68
73

189
160
132
121

93
44
57
85

99
140
193
131

105
82
74 1
101

September... .. _ .
October
November
December
_._

1920 monthly average. _ _
1921 monthly average.- 1922 monthly average. .
.
1923 monthly average. _ _
1924 monthly average. _ _
1925 monthly average. _ _

135
64
114
144
122
146

100 !
52
95 j
243
215 |
136
105

IRON AND
STEEL

Im-

ports,
total

;
!
j
i

100
56
128
220
235
194
160

100
90
89
98
102
53
101

134
88
173
175
193
215

1C8
70
128 i
128
138
148 1

180
80
61
59
54
49

138
38
229
226
150
264

176
176
176
176

152
141
138
157

112
104
102
116

69
59
62
56

28]
250
196
166

170
167
163
163

176
176
176
176

141
133
147
217

104
98
108
160

60
54
69
68

135
109
95
95

166
166
166
162

164
165
164
161

176
178
174
171

201
204
195
184

144
146
140
132

94
60
46
46

98
139
137
165

149
147
147
146

157
153
146
142

157
154
151
150

168
165
163
160

167
181
193
165

120 1
130
138
118

56
51
48
51

178
201
96
150

89
107
78
84

141
139
138
140

136
129
126
131

148
147
148
153

158
156
156
160

184
134
234
220

132
132
168
158

48
58
42
45

137
140
115
247

85
89
82
75

114
108
127
117

144
144
142
138

139
136
139
136

156
156
155
150

161
165
160
159

166
168
200
221

114
116
138
152

51
34
55
53

275
223
318
247

120
113
123
118

69
63
60
59

121
118
122
126

137
136
136
136

132
132
132
128

146
143
142
142

156
154
153
152

198
250
235
227

136
172
162
156

49
44
48
64

234
288
191
215

114
145
134
151

63
70
78
85

123
128
124
118

136
133
135
136

129
129
129
129

142
143
147
149

152
152
153
154

235
261
206
218

162
180
142
150

47
43
56
48

230
261
266
323

149

154

147
54
121
151
114
130

r,8 ;

!
May
June
July
August

1933
.--

September
October
November
December

-._.. -

..
.

1924
January. - ,_
February
March
April
May
June
July
August. _ _

September October _ _
November
December .
.

1926
January
February _
March
April

1 Mayi June

_ .

.

Ifi7 :
149 i
140
146 1

165

1

1

i For numerical data and complete explanation of sources, etc., see Tables 13 and 14.




135
Table 111.—INDEXES OF NONFERROUS METALS

Stocks
YEAR AND
MONTH

cries

World
visible

U.S.

LEAD

ZINC

TIN
Imports—
bars,
blocks,
etc.

Price,
NP.igY.

COPPER

Price,
Ore
Ore
Proftetorts
Price,
in oper- <
luction Stocks shipprime
shipation, (total at re- ments, west- ments,
Joplin ern, St. Jopiin verized,
pri- fineries
end of
district Louis district N. ¥.
month mary)

Production

<&

Mine

Smelter

Exports,
refined

Price,
ingots,
electrolytic,
N. Y.

Relative to 1913

I

I

100
89
148
194
129
116
95

100

100

100

100

49
35
43
132
101
92

90
108
128
142
126
148

92
237
230
159
143
127

100
87
95
109
126
142
147

10O
88
106
157
201
170
132

100

102
141
193
193
149
132

93
120
1(12
153
155
98

100
94
113
157
154
156
105

100
91
73
83
120
79
55

10O
89
113
178
178
161
122

85
35
54
80
82

138
62
108
153
155
170

99
196
89
49
96
39

198
109
189
243
255
283

139
85
104
120
115
139

182
144
197
189
210
271

182
104
131
166
185
206

99
38
80
120
128
136

99
47
92
136
147
155

67
68
79
88
119
114

114
82
88
94
85
92

96
91
86 !
88

82
80
78
71

164
148
149
144

' 32
42
52
65

213
231
132
180

121
110
111
133

229
269
95
104

167
164
143
151

122
122
122
128

139
135
136
141

81
82
89

101
96
94
91

98
137
119
132

93 i
93
98
105 '

77
80
80
82

135
146
153
161

56
63
76
92

281
180
284
322

117
114
115
114

195
137
164
252

157
156
157
169

121
128
124
126

142
149
142
142

89
98
112
73

87
82
83
84

146
171
93
224

135
215
82
239

109
119
123
112

75
75
74
78

172
152
165
156

100
91
79
81

208
243
353
220

117
123
118
111

205
178
244
185

182
196
206
189

129
128
127
128

148
145
146
139

91
116
128
128

81
83
89
87

159
162
163
172

211
211
262
179

118
96
113
79

99
96
103
116

77
71
68
68

165
150
149
145

104
122
130
125

251
192
194
308

105
105
107
112

196
150
129
238

166
161
163
179

127
124
126
130

148
147
145
143

128
120
102
106

84
81
81
87

136
139
158
112

163
153
169
203

206
125
108
147

122
105
98
123

110
113
122
126

67
68
73
77

141
147
148
165

112
95
66
52

234
274
333
246

112
115
124
134

196
236
308
254

183
189
199
211

124
134
133
131

146
159
147
148

128
118
134
125

85
85
89
93

1935
January
February
March
April...

196
197
194
182

185
191
159
146

228
205
269
120

204
143
188
109

130
128
120
116

81
83
82
82

174
162
178
169

47
41
42
45

283
278
262
244

141
136
133
127

246
300
307
245

233
216
204
183

145
134
145
137

162
153
171
155

129
83
163
138

96
95
92
87

May
June
July
August .

134
169
177
178

169
160
160
162

73
106
.125
189

90
164
158
182

121
124
128
128

82
78
78
81

172
159
165
166

52
56
51
42

298
263
238
314

126
127
131
138

242
254
197
271

183
190
186
210

137
136
133
132

151
150
150
143

147
137
136
99

87
88
91
95

September
October
November
December

174
166
155
168

143
127
147
146

120
128
99
138

126
150
107
175

127
137
140
140

82
85
85
90

164
175
175
186

29
18
17
23

293
340
309
255

141
151
157
156

272
244
345
332

218
218
223
213

132
138
131
134

150
163
155
155

89
80
79
93

94
94
94
91

201

136

109

1913 mo. a v _ _ 1914 mo. av___
1915 mo. av___
1916 mo. av.__
1917 mo. a v _ _ _
1918 mo. av.__
1919 mo. av_._

100
86
111
128
132
133
74

100
120
123
150
152
112
104

100
83
108
173
118
15
84

1920 mo. av._.
1921 mo. av.._
1922 mo. av
1923mo.av___
1924 mo. a v _ _ .
1925 mo. av.__

116
59
131
160
146
174

159
159
191
176
174
158

172
122
129
138
174
150

110
47
117
135
127

1923
May
June
July
August

165
148
145
151

179
171
162
152

162
111
106
150

118
115
132
133

September
October
November
December

124
151
185
131

160
166
158
170

122
191
56
86

._

134
242
125
207

197
176
188
154

May
_
June
__.
July
August . _

143
118
107
131

September
October..
| November
December

1924
January
February
March
April

1936
January
February
March....
April

100
87 |
97
147
135
124
78

149

100
2 78
87
98
140
143
109
65
72
94
112
128

139

May
June...
1
J

For numerical data and complete explanation of sources, etc., see Tables 20 and 21,
Eleven months' average, August missing.




151

212

91

136
Table 112.—INDEXES OF COAL
ANTHRACITE

BITUMINOUS

Production

YEAR AND MONTH

Exports

Consumption
by
vessels

Production

Prices

Prices
Wholesale,
Mine Kana- Retail,
averChiwha,
age
o.
(spot) f.Cin-b. cago
cinnati

Production

Exports

j

COKE

Whole- Retail,
sale,
chest- chestnut,
nut,
New
New
York
York

Price 1
Exports

ConiiellsvHle

Beehive

Byproduct

100

100
88
111
150
176
204
198

100

100 ;

68
91
120
144
172
73

74 |
73
133
338 |
215 j
194

242
155
224
296
267
315

94
32
52
126
67
97

442
149 !
290
224
1
148
i

Relative to 1913
100
88
93
105
115
121
97

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

-

100
77
93
105
120
111
100

100
94
97

ii<j

1 913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

191
115
62
106
85
87

87
88
118
101
109

100

102
89
72
94

93
91
150
264
210
211

100
100
100
122
208
177
187

121
98
53
59
52
56

459
207
295
224
169
167

266
207
237
196
156
155

100

100
99
97
96
109
108
96

100
92
85
100
129
107
107

100

102
102
101
144
136
143
176 |
178
198
192
169
180
'

98
99
60
102
96
68

116
101
57
110
86
68

179
198
200
205
214
^211

177
194
197 ;
204
201
•; 207

62

110
111
107
114

129
121
132
128

200
200
200
200

196
196
j
198 |
201 !

70
68
61
58

315
300
309
306

223
88
82
136

211
213
i
193 i
192
;

112
99
99

51
116
107
95

210
216
216
216

208
209
209 !
208 !

53
50
42
41

295
293
273
284

130
107
37
62

197
163
167
169

79
87
89
71

216
216
216
207

208
203
206
194

44
46
51
41

292
281
304
284

73
74
73
52

100
100
105
112
129
156

10O
100
103
105
121
132
155

69
82
106
99
91
59

;

2A

31

!r.S

1

1923
120
118
117
127

150
161
152
141

71
68
07
70

216
207
193
195

200
188
177
177

120
128
111
103

118
99
84
72

61
57
55
48

195
183
181
176

177

132
119
104
76

71
85
76
64

50
52
47
54

81
79
84
90

85
95
109
93

106
121
106
116

January
February
March..
April

May
June__
July
August . _

. ._ .

September
October. .

183
184
183
183
181

182 ;
i

154

182
181

181
183
175
168

166
166
154
154

181
181
178
168

1

[

101
97
104
87

58
53
54
49

166
165
161
162

154
154
154
154

163
163 |
163
163

99
98
99
91

79
100
84
73

208
210
212
214

195
196
197 !
j
198

29
21
17
17

265
229
224
231

55
66
67
.58

140
132 !
121 '
123

100
102
65
73

49
55
45
55

165
171
167
167

154
154
154
154

163 |
171
169
169

97
98
87
94

94
105
82
93

216
216
216
221

203
203
203
207

20
24
24
34

240
274
276
308

58
77
78
77

128
128
132
165

130
98
94
85

65
55
61
59

51
46
49
55

170
166
161
159

154
154
154
154

177
177
176
175

97
94
92
95

86
84
58
66

221
221
206
203

206
207
207
196

42
38
38
29

322
295
326
313

86
84
90
73

190
167
144
130

May
June .
July
August

.9
93
99
113

91
96
110
120

62
61
64
69

160
159
158
166

154
154
154
]54

168
171
171
173

104
99
109
118

94
91
134
138

205
206
208
210

196
198
199
201

24
21
19
22

310
298
299
299

81
68
88
88

128
119
119
131

September
October

117
133
127
132

109
83
99
93

56

176
174
185
176

159
154
154
154

185
187 !
201 1
197

1
1

47
13
9
2

212
212
213

216
244
I2)
(-0

27
36
43
47

301
321
334
355

F'5
97
119
179

152
268
2S2
1S2

November

December

•

1924
January
February
March__
April

_

May
June
July___
August

.

September
October
November. _ ...
December.

!

165 |
172 '
171 :
155
;

1925

November

December

53
53
'"

9
1

- •

(2)

'

i

1926
January
February
March..
April...

. _ i| _ _

!

I

May
June.
1
2

For numerical data and complete explanation of sources, etc., see Table 23.
No quotation. 3 Eleven months' average, December missing. 4 Ten months' average, November and December missing.




II

137
Table 113.—INDEXES OF RUBBER AND LEATHER
CRUDE
RUBBER

HIDES AND SKINS
Wholesale
prices

Imports
Imports
(ineluding
latex)

YEAR AND MONTH

Wholesale
price,
Para- Total
Island, hides
and
New
York skins

LEATHER

Green
salted,
packers'
Calf- Cattle Goat- Sheep- heavy
skins hides skins skins native
steers
(Chicago)

Sole and
belting

BOOTS AND SHOES

Upper

Wholesale prices

WoPrice
Men's Men's men's
Price
sole,
chrome Ex- black dress black
oak,
kid,
welt
calf,
ports calf,
Ex- scour- Exbintan Good"B"
ports grades
ports
ed,
year
calf
cher
backs
welt
(St.
(Bos(Bos(Boston) Louis) (St.
ton fy
ton)
Louis)

Calfskins,
country
No.l
(Chicago)

Relative to 1913
1913
1914
1915
1916
1917
1918
1919

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av
monthly av

10O

100

100

100

100

100

100

100

100

100

100

100

88
64
82
39
10
84

138
183
181
166
99
182

85
88
116
99
70
149

97
110
149
123
77
125

107
132
142
178
164
214

111
114
179
215
197
363

i

166
259
289
140
86
392

105
112
143
185
177
204

77
101
120
70
44
192

100
98
168
193
147
131
211

100

1.12
130
146
127
73
150

100
104
106
167
215
222
360

100

76
69
83
80
68
60

102
105
119
153
181
244

104
106
127
180
178
245

100
100
115
150
146
220

489
358
582
597
637
768

1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av_.._
1924 monthly av
1925 monthly av

10O

123
191
233
350
281
462

41
23
23
31
26
71

102
70
111
107
72
73

46
63
73
64
54
38

123
81
145
131
83
75

89
70
90
96
58
91

121
67
90
112
85
90

172
76
98
90
80
87

195
79
85
83
97
107

t

j2

\

46
50

72
62

191
122
116
114
101
109

82
40
76
70
79
88

366
193
164
163
168
174

167
89
53
73
62
65

288
225
209
207
201
205

257
195
150
153
154
162

255
169
147
142
128
133

163
163
163
163

69
68
75
63

202
201
201
201

153
153
153
153

142
142
142
142

58

|

;

1933
September
October ._
November
December .

:

__

268
409
361
690

30
27
25
25

63
69
65
67

47
66
48
46

65
73
77
64

64
67
55
79

81
77
66
71

77
84
77
74

81
83
79
80

45
42
88
44

109
104
101
95

69
64
63
69

1934
Januarv
__ __ _
February
March
April

508
731
481
881

25
24
21
21

54
70
74
84

41
57
52
47

57
70
85
94

44
68
67
82

70
94
94
121

78
86
76
66

83
96
100
85

52
65
52
85

98
98
103
103

61
67
80
104

163 |
171
171
171 i

45
60
62
68

201
201
201
201

153
153
153
153

142
142
142
142

May
June
July
August

644
519
452
505

21
20
21
26

77
60
69
67

53
45
68
61

86
51
85
81

80
59
50
43

88
107
60
86

65
68
71
85

88
91
95
103

87
60
86
80

103
95
95
98

104
78
70
71

171 !
160
160
171

90
61
54
61

201
201
201
201

153
153
153
153

142
142
142
142

622
905
782
613

28
33
35
39

66
64
80
94

66
54
45
56

73
75
119
123

40
52
46
68

89
80
59
74

87
88
95
95

105
103
107
111

70
74
72
84

99
99
104
107

76
85
79
74

171
171
171
178

57
66
59
68

201
201
201
201

153
154
158
158

142
142
142
143

763
573

39
38
43
42

83
74
87
99

35
38
46
40

100
82
76
112

99
96
112
96

80
61
141
155

92
89
80
77

114
114
108

79
67
72
40

114
116
116
111

98
76
95
76

186
186
186
178

61
55
83
83

204
204
206
206

158
160
163
163

147
147
147
147

52

35
54
41
62

54
91
68
49

83
99
85
94

98
116
84
113

78
80
90
96

97
106
115
113

62
53
46
66

109
107
103
103

75

£
76

171
171
171
171

83
66
58
54

206
206
206
206

163
163
163
163

147
147
147
147

31
28
20
22

69
48
86
59

82
70
83
95

70
57
51
57

96
95
89
85

105
106
105
102

63
71
44
82

103
103
105
103

89
90
89
124

171
171
171
171

48
61
66
66

206
206
206
206

163
163
163
162

147
147
147
147

-_ _- -

. - __

September
October
November
December _ , _
1935
January
February .
March
April

767
754

Juno
July
August

857
746
753
775

102
82

63
88
69
69

September .
October
November
December

612
804
876
935

73
96
106
95

65
49
67
60

Mav

1926
January
February
March
April.

98
i

i

i
_._'_

j
!

May
June.-

!

_
II

1

For numerical data and complete explanation of sources, etc., see Tables 27, 28, 29, and 30.




i

138

Table 114.—INDEXES OF LUMBER AND PAPER1
PRICES

PRODUCTION

EXPORTS

!

NEWSPRINT
PAPER

OAK FLOORING

1

!

DougYEAR AND MONTH

WOOD PULP

Me-

las fir YeElow;
Pro- Ship- Orders If*"** Unlum- pine ! Doug- Yellow All
All
ena Ol
filled
ber, floor- las fir pine species! species duc- ments hnnlU-Ml montll orders
booKed
tion
No. 1 ing
|
com.

Im-

ports

chan.
Prices,
Exroll,
ports f. o. fo. Immills
ports

{

Chemical

Im-

Price

sul-

ports

phite

1

Relative to 1913

i
1913 monthly av
1914 monthly a v _ _ _ . _
1915 monthly av
1916 monthly av
1917 monshly av
19 18 monthly a v _ _ —
1919 monthly av
1920
1921
1922
1923
1924
1925

monthly ay-—monthly av... ._
monthly av
monthly av.
monthly av
monthly av

100

100
83
41
41
42
40
45

93
88
98 1
137
147
239

325
129
166
211
187
180

234
156
197
207
182
202

100

100

64
47
49
33
30
44

69
43
42
39
40
51

67
67
91
77
95
88

100

86
86
113
172
198
276

65
44
48
66
69
70

00
47
59
67
75
<5

100
96
95
103
85
94
94
80 |
103
114
110
119

100

100

100

275
100
20G

141
128
178
217
224
255

100
100
99
131
162
165
188

100

144
168
213
254
271
286

129
104
156
1G6
110
120

100
122
106
113
107
105
116

100
97
95
171
216
172
158

155
165
454
608
639
714

332
360
468
595
617
659

106
39
60
38
40
f3

290
242
178
188
186
198

138
114
128
178
150
178

ISO
143
279
298
342
358

295
157
115
133
116
121

112
138
173
167
73
151

100
114
148
191
174
92
184

100
122
156
1S7
147
78
1^3

100
151
163
213
243
244
137

100
104
104

161
186
343
451
522
647

130
226
398
431
588
713

104
230
389
472
588
631

245
312
218
319
415
447

:

1923
September
O ctober
November
December

190
201
201
190

190
192
184
183

70
78
81
105

1924
January
February
March
April

212
212
201
190

192
193
191
189

190
179
179
174

181
171
167
172

September
October
November
December

174
179
179
179

173
175
184
193

1925
January
February
March
April _ . .

212
201
201
190

May
June
Julv
August

May .
June
July
August

i
i
i
:

.

49
54
75

118
123
112
94

428
438
459
S90

506
518
477
457

582
501
494
620

382
367
393
390

4.11
479
518
655

601
625
592
630

33
31
36

.188
188
1SS
188 |

183
188
219
253

276
293
373
313

139
130
122

198
100
90
78

51
67
68
63

101
73
71
69

101
110
115
119

451
435
489
£08

517
507
508
540

690
470
426
424

306
303
385
424

776
728
704
631

587
564
665
611

47
39
36
44

188
188
188
188

126
126
161
132

285
399
278
202

117
118
118
118

95
64
77
76

68
63
85
70

73
64
72
70

120
111
102

635
561
552
659

505
505
706
800

472
476
463
428

565
495
574
690

i

115

566
493
510
527

618
636
612
602

39
52
28
41

188
188
183
183

95
94
129
152

266
281
368
388

97

69
73
58
81

74
73
81
74

111
114
105
98

541
633
555
554

633
707
594
577

554
568
755
653

404
390
397
416

623
494
657
732

j

81
82
105

589
623
614
684

25
47
40
37

183
183
183
183

175
218
178
209

425
434
350
425

113
113
115
118

204
205
204
198

94
58
108
94

61
70
75
95

70
63
82
85

112
110
120
121

626
573
623
651

579
581
675
739

554
549
589
610

483
501
499
491

738
722
644
650

|

615
606
698
675

44
52
28
54

179
179
179
179

161
197
135
155

457
335
386
286

118
118
117
117

_ _

190
179
179
190

196
192
194
197

75
114
74
61

85
79
80
49

74
85
73
61

122
125
117
127

619
625
660
693

702
727
799
815

711
754
818
891

486
508
428
390

698
688
738
821

| 674
693
641
561

60
87
27
43

179
197
179
179

233
216
167
213

325
358
346
343

117
120
120
120

201
206
210
216

88
109
69
139

53
59
73
63

84
79
69
93

127
129
113
109

688
742
628
632

759
827
654
696

655
657
681
775

364
379
410
424

724
615
694
839

i

. _

179
179
179
168

52
50
82
54

179
179
179
179

177
235
251
232

357
377
354
374

120
123
126
130

._ _

.. . . . . „ _ .

__ .

September
October
November
December .

1926
January
February
March
April

!
I

!

|

I

May
June
i For numerical data and complete explanation of sources, etc., see Tables, 82, 35, 38, and 42.




I

59
59
68
79

1

!

|
!

604
792
681
666

118 i
117
113
113

139
Table 115.—INDEXES OF GRAINS AND BUILDING MATERIALS1
i

BARLEY

EYE

I

OATS
__

Receipts

Visible

supply

Whole- ReEx- Whole- ReExsale
sale
ports 2 prices ceipts ports 2 prices ceipts

PORTLAND CEMENT

! _

1

YEAR AND
MONTH

i
GRAINS BRICK

Visible

sopply

i WholeWholesale
sale
price, net,
price, Pro- Ship- Stocks without bags
at end
com- di uc- ments of
mon
tion
Chimonth cago Lehigh
red,
Valley
| N. ¥. 1
district i mills

Ex- Whole- 1 Exsale
ports prices ports

1

Relative to 1913

1

1913 mo. av_ 100
19 14 mo. av.
82
93
1915 mo. av.
104
1916 mo. av_
1917 mo. av_
76
68
1918 mo. av_
1919 mo. av.
86
1920 ino. av.
1921 mo. av_
1922 mo. av.
1 1923 mo. av.
1924 mo. av.
1925 mo. av_

42
37
37
43
57
(Jl

too

100

104
81
100
96
89
173

38
151
128
102
130
231

1OO
98
113
139
2.10
207
195

(58
58
40
47
50
79

102
147
105
67
101
163

202
102
101
105
131
135

100

100

1OO
84
92
122
135
182
243

100

100

100

10O

1OO

96
93
99
101
77
87

97
98
106
102
80
97

114
101
99
99
84
87

89
94
118
153
166
106

100
89
116
157
197
196

333
232
265
302
269
224

108
107
124
149
162
175

108
)07
131
153
164

65
91
85
82
117
143

180
153
159
170
172
171

230
208
194
211
197
197

103 |

124
96
92
125

305
309
320
311

168
161
164
169

193
180
186
2@3

90
82
72
54

.173
173
173
173

214
214
214
214

41
38
39
37

110
117
118
120

143
108
75
86

305
290
274
290

171
174
164
130

185
193
139
87

49
41
62
97

173
173
166
163

214
214
200
197

21
16
11
6

126
131
128
130

82
73
7-3
66

305
305
305
305

115
, 112
135
153

70
80
122
173

126
150
162
153

170
173
173
173

197
197
197
197

56
76
53
120

305
305
244
206

180
176
183
197

197
203
225
228

146
133
110
95

173
173
173
173

197
197
197
197

127
140
150
148
215
308

100
123
736
854
792
879
2,183

100
121
172
175
294
305
241

107
| 109
i
132
120
137
93

100
106
89
132
103
99
100

287
199
414
285
!
418
| 192

3, 195
1, 622
2, 571
1, 721
I, 988
1, 554

294
191
139
118
114
,178

8tJ
88
92
97
107
94

222
215
80
134
256

99
32
23
103

185
196
113
297

2, 993
2, 507
2, 163
1, 139

122
108
102
106

65
68
78
136

63
40
27
48

35
21
28
27

120
117 !

413
265
273
157

1, 673
352
633
774

110
113
111
110

128
139
88
97

81
97
87
93

78
91
81
67

82
83
77
50

|
!
I
1

100
7
298
291
310
358
184
15

212
103
106
117
136
124

100
67
191
168
149
171
173

!

i

169

j

i
;
j

222
201
109
129
100

100
112
132
121
170
206
186

j

j

!
|
j
!
I

i

|

1923
May .......
June
Julv
August

20
24.
22
56

26
23
17
33

25
25
56
176

108
103
104
100

September..
October
November....
December...

80
67
50
64

58
66
63
65

141
98
18
26

105
108
105
110

1934
January
February-..
March
April

32
37
33
31

50
35
32

20
42
66
48

113
118
120
128

140
150
130
74

530
259
235
1,385

114
113
108
104

May
June
July
August

24
44
17
42

15
9
6
17

31
35
72
96

122
124
133
136

192
129
383
366

1,290
2, -108
859
966

106
115
135
144

66
68
51
133

28
17
58

8
7

130
133
150
140

September __
October
November..
December _.-

154
136
80
60

94
104
109
109

134
364
185
119

139
145
138
150

1,104
1,368
690
294

7,470
7,050
854
552

160
200
206
221

269
189
70
95

221
311
314
336

22
91
45
39

132
139
140
159

261
353
200
138

213
213
206
206

189
190
171
136

228
231
139
74

75
54
80
124

173
173
173
166

197
197
197
197

1935
January
February.. .
March
April

55
46
37
22

78
77
76
55

104
60
59
64

156
159
147
140

165
218
64
116

779
609
1,321
6,935

249
248
132
176

113
68
62
56

339
334
2195
223

33
28
33
30

159
152
131
121

84
103
127

221
221
206
206

115
108
144
180

70
81
139
195

157
175
182
177

172
173
173
173

197
197
197
197

May
June
July
August

29
37
34
132

36
33
22
67

110
46
133
312

142
142
141
139

352
69
31
150

3,739
1,050
2,448
668

187
171
154
168

57
84
80
234

164
164
122
239

129
79
142
234

129
135
126
110

121
79
114
122

229
236
236
234

202
200
204
214

226
237
245
249

164
146
124
107

173
173
173
173

197
197
197
197

September—
October
November..
December.-

166
71
53
48

120
112
128
145

623
208
171
66

120
119
114
115

513
255
201
173

680
82
40
61

139
132
135
163

141
91
68
75

305
302
300
291

208
157
81
82

106
107
107
112

148
87
71
73

225
225
225
225

208
208
178
141

240
207
138
94

91
98
130
164

173
168
163
163

197
197
197
197

i
j

i

K

112 :

1

!

!

1926
January
February _.
M^arch
April
May .
June

i For numerical data and complete explanation of sources, etc., see Tables 44, 45, and 56.




!

Fiscal years beginning July 1 of year indicated.

140

Table 116.—INDEXES OF CHEMICALS, OILS, AND SANITARY WARE l

Imports

Exports

Total
SulNitrate phu- fertilof soda ric acid izer

Exports

Flaxseed

Cottonseed
oil

Total vegetable oils

YEAE AND
MONTH

Potash

ENAMELED SANITARY
WARE

VEGETABLE OILS

CHEMICALS

Oleomargarine

Minneapolis and
Duluth

Im- Whole- Pro- ConBe- Shipsale
ports price duc- sump- ceipts meiits Stocks
tion tion

Orders shipped

Linseedoil
cake

Linseed
oils

LavatoSinks
ries

Baths

Shipments
from
Minneapolis

!

Miscella neons

Relative to 1913

100

100

2100

100

61
109
58
41
36
61

2 124
2
96
2
141
2
172
2
305
3
316

91
94
147
212
277
332

2

334
133
249
245
316
259

7
13
22
25

71
72
61
78

233
119
79
106

130
135
126
114

104
126
121
92

May
June
Julv
August _

September _ - October
November
December

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

av_ av_ _
av__
av_av__
av__
av__

100
79
28
4
4
7
23

mo. av__
mo. av_ _
mo. av_mo. av..
mo. av_ _
mo. av__

10O

i 100

100
75
35
50
35
9
6

100

100

78
65
70
73
61
66

69
57
62
61
53
61

100
107
US
i
128
!
83
i
49
87

100
104
117
137
94
68
96

100
108
132
139
91
62
102

100

30
23
36
24
21
14

49
42
37
74
116
98

17
29
20
28
121
79

33
70
10
19
27
46

52
54
54
71
72
89

40
50
36
57
58
80

129
104
188
227
240
277

108
122
192
231
231
267

113
124
178
214
225
242

98
107
144
184
224
197

167
179
203
175

194
217
141
72

70
159
76
84

36
76
48
32

84
110
103
101

55
80
88
81

219
286
229
204

238
309
255
233

200
265
219
221

172
214
195
203

204
190
185
169

201
199
197
169

28
17
16

27
28
25
22

26
17
11
9

90
74
80
59

82
52
53
29

240
247
293
259

272
276
313
268

258
257
295
244

236
239
280
251

135
144
167
193

147
127
128
131

147
118
127
134

25
20
20
15

21
17
13
12

9
4
3
2

41
43
41
28

23
34
35
31

254
213
244
259

232
205
195
218

237
210
206

248
219
214
224

216
191
260
250

150
155
151
158

159
166
141
166

170
162
144
109

185
518
428
102

139
494
541
125

39
82
70
52

58
122
118
111

53
97
98
104

j
i
|

263
236
188
185

216
221
180
176

207
215
171
187

239
097

33
17
19
9

278
246
370
274

154
148
154
153

158
143
163
157

161
134
170
144

75
43
39
25

40
34
31
20

44
35
21

97
95
97
92

104
99
69
52

1
236
| 234
266
I
271 i

259
258
255
258

238
227
235
254

229
206
226
23S

103
79
100
78

11
19
9
12

232
276
210
221

147
148
158
156

145
127
131
142

156
122
124
144

37
41
38
71

27
16
29
48

17
21
19
10

88
83
62
72

41

1

256
274
311
294

243
248
254

238
204
193
136

92
73
54
105

14
28
33
33

150
244
278
326

147
136
140
146

160
214
217

169
216
211
207

283
279
178
70

157
207

82
111
83
80

91
117
96
78

83
113
117
108

293
295
221
228

262
273
198

180
184
145
141

2100

99
99
105
161
227
245

212
108
140
155
151
151

248
147
127
157
102

253
148
126
159
162
160

124
164
156
211

162
165
162
151

158
186
186
183

16
13
16
12

373
499
484
509

152
139
135
139

105
59
82
73

10
8
7

354
273
163
224

155
105
104
117

64
85
65
76

4
9
34
34

172
182
378
298

126
116
88
110

55
65
79
72

35
62
116
94

259
113
132
177

83
82
44
55

132
78
88
121

109
93
142
82

59
47
51
72

136
802
686
656
829
220

71
26
27
24 1
16 !
45

67
39
90
86
87
98

211
59
86
142
159
178

229
132
129
85
116
78

98
62
65
76
74
80

58
76
24
16
14
20

1923
September
October. .. .
November
December

62
101
65
109

99
109.
58
168

106
44
66
45

109
53
71
43

1924
January _ _
February
March
ApriL _
_

116
112
101
48

305
' 287
222
140

71
105
75
127

43
24
46
43

141
72
97
118

September. ..
October
November
December

87
137
125
145

1925
January
February
March _ . _
April

1920
1921
1922
1923
1924
1925

May
June
July.
August

100

100

299
100
U05
198
241
254

87
123
195
247
295
65

1926
January
February
M^arch
April

JVIfty
Jun@

2

2

2m
62

j

| 282
297
337
'
325

52
48
81

,
;

308
320
217
235

..

_

i

i
1
j

1
i
i

1 For numerical data and complete explanation of sources, etc., see Tables 22, 49 and 52 .
Fiscal years beginning July 1 of year indicated.




100

•:

l
I
i
|.

i
2

56
50 i
68 ;
43 !
44 I
38

'-

i

i
|

;

'

!;

1

.110
93
130
70
74
90

161
149

141
Table 117.—INDEXES OF WHEAT AND CORN1

Wholesale
prices

Exports

CORN

WHEAT

WHEAT FLOUR

Whole-

Wholesale
prices

Exports

Visible supply

Exports sale

prices

Visible GrindUnited States Canada
No. 1 No. B supply ings
Stand, Winter
north- red
pat.
strts.. United
United Canada MinKanIncl.
ern
States Canada Wheat flour Wheat spring, winter,
States
neapsas
only
only Chicago Chicago
City
olis
as
i
wheat

YEAR AND MONTH
i

i

Cash,
Corn, cont.,
inct. grades,
corn No. 3,
meal Chicago

1

Relative to 1913
100
91
111
126
118
146
129

100

1
'

100
103
146
115
55
92
32

33
107
118
122
100
34

1OO
111
117
132
262
257
255

285
161
141
127
145
183

256 |
146
126 i
119
129
180

56
186
226
105
116
153

121
116
133
131
150
140

45
282
354
95
43
29

226
93
100
131
155
167

63
347
766
685

127
131
120
122

106
111
108

no

22
10
29
88

133
153
133
135

33
18
28
56

142
162
135
117

94
78
73
65

147
140
160
73

124
129
128
124

112
114
110
105

94
185
245
178

161
170
187
153

77
91
103
55

121
128
127
126

34
60
49
203

56
80
59
64

492
287
193
98

129
138
153
149

108
114
127
J33

121
82
49
50

120
134
139
153

47
26
17
20

126
134
169
187

41
159
235
243

394
544
336
215

305
416
273
189

123
171
322
356

148
163
168
185

136
155
160
178

58
76
73
159

152
165
130
132

21
19
24
15

186
177
181
197

137
124
106
80

243
233
230
178

102
89
120
102

100
90
126
99

73
49
53
59

209
202
185
170

203
207
179
173

259
308
329
227

161
148
135
125

23
18

J

203
199
186
173

188
195
181
197

62
51
56
64

149
123
69
23

119
85
64
95

101
84
68
92

178
117
156
183

184
177
174
186

192
184
161
170

168
144
61
64

119
131
106
133

22
25
22
22

182
176
178
168

193
193
198
205

91
83
83
92

179
233
317
365

113
53
57
45

94
69
67
64

189
500
416
580

170
170
177
194

169
166
174
182

53
20
28
172

141
168
155
155

32
33
31
88

147
132
135
127

1913 monthly average. __
1914 monthly average...
1915 monthly average...
1916 monthly average. __
1917 monthly average__.
1918 monthly average...
1919 monthly average._.

100
104
128
117
113
177
215

100

10O
111
145
159
249
(2)
262

100
107
146
158
274
268
278

10O
96
97
110
51
85
131

100

100

95
114
162
179
206
192

100
98
187
146
79
100

175
207
155
107
112
149

100
150
179 |
142
109
173
172

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

162
137
122
133
103
91

97
149
194
227
234
211

277
182
159
139
157
193

301
183
160
139
156
200

70
62
62
96
99
86

75
112
173
195
216
195

219
281
166
99
191
93

1923
S eptember . _
October
November-December

153
204
174
175

112
283
333
311

136
135
132
133

137
140
136
133

122
132
138
141

95
247
331
383

168
150
139
101

258
268
343
218

135
138
137
139

137
139
139
138

126
122
112
96

96
115
77
93

259
221
150
153

145
150
163
164

142
145
152
162

143
183
158
142

281
223
203

162
175
178
194

97
92
135
93

214
204
339
174

67
80
76
85
78
99
85
99

1924
January
| February
March .
April

_

Mav
June
Julv
August

1 September
•
October,
November
December _ .

___

1925
January
Februarv
March
i April.....
May
June .
July
August

_

September.-.
October
November
December

_

100

100

126
72
157
189
150
42

114
147
155
254
245
281

198
229
149
110
153
88

78
129
136
214
256
213

186
111
50
60

174
145
94
101

376
387
372
286

53
37
36
45

76
61
73
128

191
138
96
61

158
173
179
202

148
161
176
161

212
215
197
180

229
225
207
183

118
146
200
169

194
186
189
193

162
251
297
255

181
181
186
200

100
102
133
137
231
224
239

!
\

I

1926
January
February
March. ._
April
May
June




i
I
1

For numerical figures and complete explanation and sources of data, see Tables 54 and 55.

2

No quotations available.

142

Table 118.—INDEXES OF ANIMAL PRODUCTS1
LIVESTOCK PRICES

Cattle
YEAR AND
MONTH

Hogs

Steers,
good to
choice, Heavy,
corn
Chifed,
cago
Chicago

PORK

LAMB TOTAL FLUID
MEATS MILK

BEEF

Prod.,
snsp,
slaugh- Exports Wholesale prices
ter
j Production,
ExinLard,
Smoked prime spected ports
Ewes, Lambs, Total
hams, con- slaughChiChiprod- Total
Chiter
cago
cago
ucts
tract,
cago
N. Y.
Sheep

FISH

Receipts
ProProTotal
ducduccatch,
tion,
tion,
prinininGood . Steer spected spected
cipal
native rounds, slaugh- slaugh- Greater fishing
steers, No. 2,
New
poris
ter
ter
ChiChiYork
cago
cago

Wholesale prices

I
.Relative to 1913

1

1913 mo. av..
1914 mo. av__
1915 mo. av_.
1916 mo. av..
1917 mo. av_.
1918 mo. av—
1919mo.av._

100

100

100

100

100

10O

106
102
113
151
193
206

100
85
115
188
210
218

100

108
127
153
220
241
200

104
119
141
207
222
207

94
110
119
94
122
123

94
138
147
132
229
268

1920mo.av._
1921 mo. av.,
1922 mo. a v..
1923ino.av__
1924mo.av_.
1925 mo. av__

170
103
111
117
114
125

170
101
112
92
101
150

137
73
124
130
147
154

204
128
170
173
183
195

113
117
130
160
151
128

1933
September.,
October.,.,,
November. .
December.. .

125
123
116
115

103
93
85
84

117
113
121
137

169
184
158
160

1934
January
February. _ _
March
April

111
114
118
127

86
85
88
89

153
180
213
212

May
June
July
August

121
113
112
112

89
87
98
115

September _.
October
November. .
December. _-

106
112
108
112

1925
January
February. _March
April

100

101
92
111
152
192
207

100
94
85
122
197
232
284

156
169
151
202
172
124

201
161
160
128
122
163

116
149
183
205

208
193
194
230

171
187
202
205

205
177
160
145

141
103
103
127

182
189
176
170

118
129
115
119

115
124
135
162

103
Ul
120
117

129
133
161
150

May
June
July
August

114
123
136
142

September..
October
November..
December—

146
140
124
118

100

100

100

100

95
101
116
139
158
136

100
89
313
236
239
473
235

100

105
100
107
167
171
180

102
95
99
124
169
171

98
84
82
64
70
84

95
105
116
110
133
126

101
106
108
110
118
125

181
101
105
112
121
153

119
113
126
130
133
138

143
112
106
100
98
77

178
126
116
122
132
139

163
111
111
117
116
121

75
90
76
81
82
85

113
114
125
144
14.0
130

136
143
149
165
167
173

134
132
126
123

116
121
128
120

134
156
139
123

110
104
89
70

135
135
135
132

132
118
104
103

81
87
78
84

121
148
160
167

161
161
153
156

150
148
116
90

274
232
214
168

116
111
114
114

116
106
105
102

137
114
115
121

73
86
95
101

131
131
131
131

106
111
115
118

93
79
76
74

173
147
138
132

158
150
165 j
160 |

76
124
130
122

151
154
153
115

140
133
181
165

117
118
123
134

100
101
115
130

135
116
132
135

102
87
103
106

131
129
127
127

129
133
130
129

81
77
82
85

14!
135
141
121

172
176 !

177

114
136
167
148

169
172
171
205

103
117
140
191

140
162
112
147

134
130
123
125

131
150
139
154

146
187
140
134

120
123
106
68

127
132
111
141

122
104
98
95

93
95
78
72

119
136
137
163

167
170
161
163

147
150
104
91

185
180
196
169

226
221
206
182

199
152
115
109

176
140
150
101

132
139
162
170

151
146
155
146

146
105
129
131

60
64
162
88

141
141
141
141

102
103
113
117

87
77
89
89

173
130
119
116

161
152
174
167

82
134
175
134

146
152
165
157

139
120
145
137

158
191
188
187

116
136
107
96

133
127
110
101

154
158
176
180

148
160
165
163

132
127
145
135

105
97
85
81

138
135
138
143

124
132
147
143

89
80
86
85

121
130
121
110

179
194
185
179

127
187
182
199

154
140
135
130

132
137
145
172

194
194
196
205

97
122
127
162

122
99
93
140

176
170
170
168

162
149
147
136

144
173
137
152

70
03
57
82

143
143
137
131

132
122
109
100

90
91
75
86

115
140
128
154

177
173
167
170

208
157
112
70

1936

February
March
April

* For numerical data and complete explanation of sources, etc,, see Tables 59, 60, 61, 63, and 65.




j

I

I
1

179 :
1

100
100
106
125
118
137
128
116
101
120
119
126
147

!

143

Table 119.—INDEXES OF SUGAR, COFFEE, TEA, AND RICE 1
SUGAR

ReWholesale
Retail Visible supply,
ceipts, Exports
prices
price end of month
LouisReiana
cepts
From From crop
ReRaw, Granin
forHaat
fined,
96° ulated,
51
World United Brazil
eign
waii
New includ- centrif- in
total States
cities
ing
and counOrugal, bbls.,
P. R. tries leans maple N. y. N.Y.
Imports

YEAR AND MONTH

RICE

TEA

COFFEE
Clearances
from Brazil

ShipIm- ments,
Imports
New ports Exports
into
OrU.S. leans

Imports
into
To
Total United U.S.
States

Relative to 1913

ioo

100
62
53
87
59
45
50

100
96
80
79

100
86
94
110
142
101
66

IOO
122
111
127
102
82
84

100
119
144
137
151
129
156

100

121
112
131
106
132
80

100
125
121
138
155
136
91

100

110
130
161
181
182
209

100
108
120
146
169
176
205

1OO

754
1,860
3, 054
1, 952
787
2,850

100
110
133
165
179
183
215

100

115
112
117
105
109
149

110
119
119
142
149
91

120
116
152
162
164
150

100
101
111
94
116
233
71

182
245
474
752
608
1,365

106
111
102
95
118
150

170
131
206
157
174
100

29
54
57
87
41
31

1,785
1,803
3,548
858
851
1,466

372
137
133
200
170
122

297
144
139
195
174
128

353
146
132
184
187
131

67
75
74
50
41
44

92
92
59
49
40
40

58
111
94
96
124
103

90
101
105
119
117
112

162
131
127
1.59
148
150

152
158
146
165
166
150

102
86
109
120
104
114

131
187
162
132
92
79

57
33
28
21
17
29

1,422
2,123
1,491
1,233
561
237

1923
May
June
July
August

158
112
106
86

209
117
122
115

4
4
7
8

2,268
1,644
165
136

227
213
198
173

220
215
199
178

204
202
191
175

46
45
47
49

45
47
43
39

31
60
108
133

69
72
78
156

91
79
86
204

127
100
98
103

73
90
130
129

119
77
96
60

13
49
8
11

1,528
1,142
1,690
443

September
October
November
December

112
49
8
8

114
159
93
63

12
140
234
408

222
144
159
96

199
217
208
209

193
210
203
207

175
193
187
189

49
45
40
36

51
51
48
39

132
132
125
127

168
183
138
130

226
246
190
192

164
199
232
202

174
192
166
185

92
139
181
120

3
4
14
15

448
803
800
1,474

1924
January
February
March
April
_

56
133
156
130

131
233
266
219

138
11
1
1

182
373
748
1,316

192
207
197
182

196
204
199
186

185
187
189
181

36
35
33
37

37
31
36
35

129
110
116
118

115
131
112
74

128
162
147
118

193
155
180
158

106
70
82
80

135
120
105
56

23
17
31
19

1,321
771
785
506

May _ .
June
July
A ugust

193
237
182
121

211
186
215
153

2
2
4
6

1,560
1,159
1,145
2,030

161
146
145
154

170
152
154
155

167
151
153
149

39
42
37
44

36
41
48
53

112
116
57
161

95
105
101
147

119
161
103
144

171
155
192
160

56
86
107
116

42
20
25
1

17
26
9
20

330
160
101
104

..

103
68
30
11

175
138
88
76

3
1
87
234

1,273
279
96
45

170
172
166
151

167
171
169
169

156
160
160
160

48
48
48
46

40
42
44
33

175
161
131
103

143
175
122
93

181
210
170
135

118
188
164
161

122
159
145
117

137
177
200
89

85
6
8
14

120
390
941
1,197

.

80
174
211
256

156
212
254
277

19
3
3

366
733
1,114
1,053

131
132
135
127

142
137
138
132

147
140
140
136

45
43
45
45

39
36
48
38

92
80
93
75

105
76
78
69

159
96
118
71

153
113
190
121

103
82
100
65

130
76
70
56

22
41
51
32

474
496
344
275

217
216
178
155

232
220
185
163

1
4
4
1

1,675
1,802
2,568
3,496

123
126
122
124

128
128
123
125

131
104
129
127

43
42
43
43

29
39
44
47

52
75
115
123

62
125
125
150

74
172
178
202

112
124
167
138

56
65
129
137

69
23
53
60

29
18
33
57

229
191
61
112

147
106
32
27

183
137
125
129

5
156
170

2,109
1,122
993
557

122
110
115
118

127
117
120
123

127
124
120
122

43
43
43
43

39
32
43
48

156
132
120
124

145
155
128
121

179
173
193
186

188
158
162
181

162
176
149
141

80
110
102
120

13
10
12
87

58
123
181
303

40

37

121

101

146

1913 monthly av.-_ 1OO
1914 monthly av_ _ _
102
104
1915 monthly av...
113
1916 monthly av...
1917 monthly av__.
120
1918 monthly av...
99
1919 monthly av___
104
1920
1921
1922
1923
1924
1925

monthly av...
monthly av...
monthly av...
monthly av__.
monthly av.__
monthly av...

September
October
November
December

1935
January
February
March
April
May
June
July
i August
September
October
November
December

1926
January
February
March
i April

100

j

May.,.
June

_.

* For numerical data and complete explanation of sources, etc., see Tables 57, 64, and 65.




'

100

144
Table 120.—INDEXES OF TOBACCO AND SHIPPING
11
TOBACCO

VESSELS (tonnage)

~
!

Unmanufactured
Wholesale
price

Stocks
(quarterly)
YEAR AND
MONTH

Production
(crop
estimate)

Total, Burley,
includ- good
leaf,
ing
im- dark
red,
ported Louistypes ville

Ex- Chewports, ing,
smokleaf
Cigar
ln
%f
snuff, types
and
export
types

Consumption
(tax-paid
withdrawals)

^®

i 09
&G
Constructed

Exports

Manufactured Large Small
tocigabacco cigars rettes
and
snuff

&^

•

Manufactured products

Cigarettes

Cleared in
foreign trade

Aban-l! O§
doned ! $«*
i
t

Lost

<
V

:

U.S. World
(seagoing) (Qty.)

Amer- Forican
eign

Total

Sault
^
Can a!

Quarterly

Relative to 1913

1913 rno. av.
1914 mo. av.
1915 mo. av.
1916 mo. av.
1917 mo. av_
1918 mo. av_
1919 mo.
1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.

av.
av.
av_
av.
av_
av_
av.

100

I

79

1OO
111
104
115
169
277

100
99
100
105
109
112

100
95
87
93
100
93

100
108
115
163
227
300

100
104
90
184
303
524

100
91
33
94
176
538

1OO
86
36
51
88
164

10O

101
109
94
101
108

82
88
93
104
109
111
108

114
117
134
129
137
147
151

245
259
222
208
210
197
188

96
90
87
95
93
93
92

93
105
89
91
92
88
86

341
287
327
344
414
456
514

699
683
358
495
532
457
351

1, 022
723
354
46
34
38

214
176
130
74
49
61
65

167
227
201
211
186
200
188

100
108
111
121
131
151

10O
78
98
108
58
92

1OO
103
113
101
114
120

100
93

154
166
112
131
159
130
142

174
106
117
98
113
131
107

127
127
151
138
149
164
171

»

80
107
123
133
125

100
100
93 j
90
87 |
93
90
99
76
92
68 i
84
68
87
84
85
100

100
109

;

;

95
126
1 16
120

163
153
151
159

105
128
146
152

1924
January
February
March
April

137
116
179
173

May
June.July
•^.ugu^t

125
126

120
152
92
95

September. _
October
November..
December.-

125
124
143
130

103
155
124
121

1925
Janus ry
February
March __
April

98
66
88
84

May
June...
July
August,

129
129

61
75
106
95

SeptemberOctober
November. .
December..

131
129
133
142

138
144
139
186

134

106

127

124

150

97

134

183

114

164

120

160
i

153
156

110
100

149

140
139

188

114

165

165

115

150

159

171

105

96

142

147

632
529
496
554

30
30

35

66

40

80
79
82
79

483
374
406
411

512
342
340
587

13
6
62
98

94
91
93
95

88
89
94
91

493
498
508
487

603
629
385
405

46
55
36
1

.186
186
186
186

99
103
82
77

96
101
95
81

484
501
413
420

449
361
434
433

43
23
30
41

186
186
186
186

96
90
93
92

75
72
80
78

513
438
484
467

366
380
373
501

45
12
65
21

186
189
189
189

93
94
96
96

90
91
88

499
573
587
539

520
367
164
370

50
34
76
6

189
189
189
189

98
103
82
77

91
113
95
75

549
534
503
482

174
253
259
488

60
42
11
32

92
98
90
71

95
113
103

212
212
212
212

103
96
94
89

212
192
186
186

66

64

66
47

73

71

57

59

196
215
231
179

109
102
92
84

145
153
160
198

87
83
78
88

103
103
101
118

259
199
218
230

100
110
121
119

144
135
148
150

230
234
211
166

112
120
95
87

145
152
127
109

146
140
159
192

102
87
95
100

114
101
113
125

195
198
206
207

109
121
132
134

133
142
152
154

196
239
196
160

117
111
100
103

139
147
127
119

62

133
134
130
111

100
69
j
89
•
115
113
107

63
79 1 ;
140 I
314
1576 ,
1546 i
ii
II

!

429
484
414
342

212
212
212
212

100
124
181
124
105
88

136
200
155
93
100
102

128
131

1

1923
September _.
October
November
December. .

100
124
143
106
215
326

866

128
130

1,448

None.

!

111
1

107

- 1 'None.
'None
1,673 !: None.
:':'
16

! »'
;

91

i
916

:

I

39

112

!

Til

1186

162

738

None.
- ._; None.
897 ;None.
'•
36

71

49

i

'

112
110
117
117

341
!

i
40

32

i
:
_.

:

,

May




97
104
66
17

J

.
i

i For numerical data and complete explanation of sources, etc., see Tables 58, 66, and 67.

99
111

_;',

1926
January
JVlarch
April

86
99
61
83
112
90
103

109
117
84
18

,145

Table 121.—INDEXES OF RAILROADS AND AUTOMOBILES1
AUTOMOBILES

RAILROAD OPERATIONS
PULLMAN
OPERATIONS
Revenues
1

YEAR AND MONTH

Fr't

Passengo*

PasReTons ceipts sencargers
per
carried
ried
1 mile tonmile lmi!e

Net
Oper- operating ating
exTotal
inoper- penses come
ating

ExRevenue penses

Passengers
carried

FR'T
CARS

LOCOMOTIVES

Production,
pasNew senger
ExTotal orders, cars,
U.S.
ports, shipdosteam ments mestic and
Canada

Exports

Passenger
cars

Accessories
and
parts
(value)

100
118
177
324
377
201
359

100

10O

86
162
239
254
143
259

90 i
266
383
504
536
678

67
19
143 i
75
113
62

408
333
517
802
707
827

550
120
259
491
587
944

1, 373
622
610 !
940
1,173
1,341

Relative to 1913
1

1920
1921
1922
1923
1924
1925

100
102 1
129
102
117 .
126
137

too

146
177
164
155
155

100
94
101
121
133
163
168

100
94
93
102
120
150
171

100
95
101
118
132
161
169

100
96
95
109
131
184
203

100
89
117
146
136
96
72

100
96
92
144
128
133
121

100
100
100
99
100
118
135

204
185
189
218
205
214

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

186
167
156
166
156
153

203
182
184
207
196
202

267
211
204
227
209
210

8
86
108
137
137
159

137
105
115
139
131

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av

i

100
54
127
168
361
217
195

100
39
37
75
110
121
73

158
126
128
138
137
143

349
205
76
54
39
73

65
37
35
87
40
31

206
218
223
74

158
137
123
136

46
32
63
54

109
101
98
108

19
8
11
153

786
880
751
728

485
485
504
467

1,014
940
841
1,019

174
162
163
171

222
215
219
221

131
120
127
129

34
44
49
51

49
32
43
24

61
186
363
113

764
893
928
901

585
618
651
733

1, 174
1, 341
1, 540
1, 658

169
195
184
2.08

220
197
231
213

130
150
149
168

51
76
41
88

36
47
46
45

5
4
5
48

745
585
636
664

666
470
461
567

1,064
1, 254
1, 067
879

189
174
152
171

216
216
224
233

153
134
121
131

124
90
71
61

34
31
43
46

225
120
132
98

685
678
531
474

540
666
539
508

923
1,058
1,087
918

95
101
107
125
121
167

10O
98
95
110
126
144
173

100
105
98
112 j
130
116
150

138
110
102
112
107

175
156
159
176
176

198
230
188
199
219

202
171
156
176

•

100
57
90
143
119
152
18

1

1

1923
September
October
November
December

221
250
224
195

184
163
151
176

214
230
209
194

229
245
224
214

154
173
145
117

144
154
140
122

153
160
158
156

126
109
100
1.14

188
199
210
194

159
145
151
148

184
188
198
186

212
206
215
208

86
120
134
104

126
132
133
117

151
152
156
164

105
96
100
98

June
July
August

195
183
192
203

149
167
169
182

187
183
189
199

210
200
204
206

102
110
124
159

124
117
121
133

157
156
158
152

102
118
123
130

September
October
. _
November
December

226
248
215
205

162
144
137
158

212
224
198
198

210
222
206
210

195
212
156
145

143
158
139
128

156
155
152
152

114
98
93
104

1925
Januarv
February
. ___ .
March
April

198
190
204
196

154
135
138
136

190
178
191
186

211
196
208
204

no
108
122
111

135
| 123
!
129
| 123

147
153
157
159

102
90
93
92

183
164
182
174

222
213
231
220

135
121
128
130

95
32
66
46

29
28
36
30

98
51
45
53

554
657
864
1,017

672
683
1, 079
1,104

911
1, 025
1, 616
1,561

May _
June
July
August

203
207
213
228

142
161
170
181

192
199
205
218

207
207
211
214

127
153
166
208

136
131
139
153

150
155
152
147

99
116
125
133

185
212
220
225

221
222
213
214

134
152
158
175

110
105
29
27

31
36
22
34

85
7
8
27

995
949
932
577

1, 139
803
768
1,229

1,736
1,401
1,091
1, 151

237
255
227
215

166
150
141
160

222
232
209
205

214
226
212
214

225
230
179
158

151
161
149

153
155

118
103

215
198
176

221
249
234

163
147
132
138

54
137
93
93

31
26
32
34

58
54
130
131

708
1, 057
875
742

871
857
981
1, 141

1, 440
1,438
1, 213
1, 508

1924
January
February
March
April

- _
.-

1

|

September
October
November
December

. _ _ _.

j

1

!

i

|

i

1926
January
Februarv
March
April

i!

j
!
i

I

May
June

|
j

i




10

j

I

I

For numerical data and complete explanation of sources, etc., see Tables 17, 67, 68, and 69.
79396°—26

!

146

Table 122.—INDEXES OF LIFE INSURANCE
PREMIUM COLLECTIONS
(new and renewals)

NEW BUSINESS
Ordinary
YEAR AND MONTH

Number
of
policies

Group

Industrial

Value

Number
of

policies

Value

Number
of

contracts

Total

Value

Number
of policies
and
contracts

1 1 Ordinary

Value

Industrial

Group

{

Total

Value

Relative to 1913
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

100
99
105
121
140
141
227

100
97
102
127
149
155
271

100
108
113
109
109
114
122

100
106
112
113
118
127
150

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

259
208
211
248
249
271

330
273
299
359
380
440

132
145
153
174
185
212

179
202
228
276
315
378

264
275
242
230

390
402
355
338

210
182
160
149

221
240
247
299

307
342
359
437

216
231
293
267

100
219
227
378
857
1,186
2, 044

100
106
111
111
114
118
141

100
100
106
125
147 I
157
254

3, SOO
1,180
1, 920
3, 180
2, 640

2,044

3,300

4, 797

154
156
163
187
196
222

313
284
256
245

2,620

2, 635
3,164
1, 243
1, 266

146
176
173
179

241
293
283
295

980
1,540
1,760

343
352
443
405

202
171
183
186

346
277
302
305

279
257
235
218

418
400
374
338

200
177
157
160

199
227
270
288

304
350
366
471

January
February
March
\pril

221
232
274
270

May
June
July
August

100

100

107
115
123
134
147
168

144
269
397
856
1,489

305
257
289
356
385
462

194
209
229
256
283
321

189
210
239
279
317
363

219
199
174
163

389
395
336
322

263
257
250
247

254
271
268
269

4, 675
4,919
5,361

1,232
566
1,085
13, 339

159
187
186
200

298
331
346
513

218
252
255
308

254
285
271
453

4,708

1,102
888
2,018

2,240

2,550

204
181
202
197

351
337
420
398

272
278
286
291

277
280
304
271

7,594

1,780
2, 420

4,678
7,069

279
283
293
291

334
298
260
273

2,220

2,016
1,210
1, 805
1,322

214
188
170
170

410
380
357
329

294
277
290
255

306
304
285
302

6,764
6,336
7,997
6,497

302
287
295
270

162
219
169
238

279
382
290
435

1,500
1, 740

1, 116

168
220
186
246

305
422
362
551

244
2SO
236
364

314
310
297
553

5,967
8,403
7,203

263
293
278
413

375
389
466
454

163
193
213
211

284
342
373
379

3, 560

173
200
224
222

382
392
458
464

300
300
330
330

339
305
343
314

302
276
269
264

504
454
455
435

232
208
193
189

419
381
352
348

2,860
3,200
2,420
2,360

7,309

244
219
207
202

497
455
452
472

326
313
322
282

339
352
340
351

9,064
9,375
10,228

236
281
275
342

_ _

100
104
108
117
130
140
165

375
439
416
513

182
316
224
217

337
494
400
431

2,280
3,440
9,700

2, 177
3,136
6, 399
18, 110

191
310
233
239

381
478
465
646

276
334
336
405

344
361
363
603

13, 447
13, 722
19, 722

100
120
220
620
1, 620
1, 420

3,280

535
1, 327
2, 498

2,870

2,753
4, 161

4,292
4, 503
5,811
7, 272
12, 847

100
105
110
119
131
143
168
196
212
234
265
296
339

1933
!May
June
July
August

- - - -

September
October
November
December

- -

9,120
1,980
1,500

9,760

5,347

6, 039
6, 514
8, 592

264
263
258
255
229
263
263
345

1934
January
February
Mi arch
April

- _ _.

May
June
July
\ugust

-

September
October
November
December

-

2,040

1, 980
2, 280
1,420

2,640
9,440

7,554
2,225
10, 607

7,139

11, 628

1935

---

September
October
November _
December
January
February
March
/Vpril

1936
.. - - -

2,280
2,580
2,860

2,140

3, 973
2,116
2,351

3,826
2,253
2,742
3, 167

11,586
8,681
25, 481

14,233
9,961

8,678

""I
1 .

..

May
June




-- -

317
307
351
337
336
328
333
304
296
349
352
462

147
Table 123.—INDEXES OF BANKING AND SECURITIES '
INTEREST
RATES

BANK
CLEARINGS

In
New
York
City

YEAR AND MONTH

New
York
call
loans

Outside
New
York
City

NEW YORK
BOND
YIELDS STOCK EXCEL
SALES

STOCK
PRICES

Commercial
double- 25 indus- 35 railname
trials
roads
paper,
4 to 8
mos.

SECURITY ISSUES

NEW
Municipal
INCORTotal
PORAcorTIONS
porate Perma- TemJournal
porary !
nent
of Com- loans
loans
merce.
(long
(short
term)
term) ;

MuniciMiscelpal
bonds, Stocks laneous
2
end of (shares) bonds
!

!

RIO.

Relative to 1913

i

!

96
102
134
169
205
243

100
112
58
83
102
154
215

100
87
63
63
86
107
98

100
100
129
170
147
139
182

100
93
88
96
83
74
75

100
93
95
91
97
103
101

100
58
209
280
222
173
377

100
137
192 i
227
149 '•
115 1
172

10O
87
87
133
93
82
184

100
109
121
122
109
64
187

100
60
32
61
81
98
93

100
i
70 !
96
161
217
106
613

257
205
230
226
264
300

275
212
230
276
284
315

261
182
134
148
96
131

134
118
80
910
71
73

184
136
169
185
198
262

67
64
75
72
81
99

113
113
95
96
95

270
207
316
284
339
550

213
279
499
389
586
618

189
160
208
219
196
215

189
339
313
278
354
340

137
158
82
106
203
152

725
385
406
453
346
483

191
225
229
247

254
296
277
301

148
143
146
150

93
93
92
90

177
175
181
187

69
69
70
70

99
99
98
98

211
228
326
348

261 !
351
392 !
409

150
180
273
194

169
298
277
388

98
15
72
225

291
409
471
555

262
230
249
258

293
256
282
279

138
137
122
135

88
87
83
84

193
192
189
183

73
73
74
75

97
98
98
97

386
298
263
257

611 i
430
495
447

161
186
210
194

248
305
303
391

125
151
204
196

510
384
469
307

May
June
July
August

263
253
268
258

275
266
282
265

110
68
64
61

77
71
64
59

183
187
195
205

75
78
82
86

96
93
93
93

217
243
350
324

435
693
658
588

132
211
201
198

353
842
330
356

201
130
195
179

302
264
332
232

September
October __
November
December

245
274
284
325

277
314
290
317

65
74
79
103

57
57
59
64

201
202
213
231

85
84
92
95

92
92
93
93

262
257
597
619

512
598
811
754

204
280
144
226

272
282
216
353

320
314
92
325

278
315
333
426

January
February.
March
April

339
267
296
290

323
273
309
308

110
116
122
122

66
66
71
72

233
238
235
233

96
98
95
92

93
92
92
91

598
473
557
359

732
675
679
597

345
280
236
259

357
230
324
308

133
143
225
240

451
250
468
515

May
June
July
August

302
305
297
256

297
317
293

120
124
131
131

70
70
71
72

245
248
256
272

96
96
97
101

90
90
91
93

527
446
538
475

756
587
573
528

180
152
234
139

552
425
360
253

96
244
83
114

358
582
619
565

276
329
298
342

313
353
319
348

139
149
144
166

76
80
79
79

280
300
300
305

102
103
106
111

95
96
95

533
772
707
619

585
624
528
556

171
203
183
200

356
252
207
462

189
232
99
24

340
721
592

344

341

137

79

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

100
88
116
169
187
189
249

100

1920 monthly average
1921 monthlv average
1922 monthly average
1923 monthlv average
1924 monthly average
1925 monthly average

*

1923
September
October
November
December
1934
J anuary
February
March
April

__ _

1935

_

_.

September
October
November
December _

000

ooo

1926
January
February.
March
April..

_ _.
-

May ._ ._
June

i

"i

* For numerical data and complete explanation of sources, etc., see Tables 94, 95, and 95.




2

Corporate bonds only.

148
Table 124.—INDEXES OF BUSINESS PROFITS AND LOSSES'
DIVIDEND AND INTEREST PAYMENTS

BUSINESS FAILURES
Total
commercial

Manufac. es- Trade estabtablishments lishments

Banks
(quarterly)

Agents and
brokers

Dividend payments
Total
dividend
Av.
Indusand
paid
trial Steam Street on ininterLiabil- Firms Liabil- Firms Liabil- Firms Liabil- Firms Liabil- Firms
and rail- railest
ities
ities
ities
pay- Total misc. roads ways dusities
ities
trial
comments
stocks
panies
(qtly.) i
i

YEAR AND MONTH

Relative to 1913
1OO
131
110
72
67
60
41

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

100

100

114
138
106
86
70
40

109
90
59
64
59
41

108
229
228
197
198
162

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

55
123
148
117
129
132

103
188
173
226
230
135

10O
109

100

100

100

100
124
156
135
113
111
89

10O

100

10O

100

100

100

164
110
93
95
92
70

178
118
33
59
16
52

180
110
40
40
20
40

101
105
120
134
153
179

98
95 !
Ill
129
122
114

95
94
117
147
140
125

99
95
106
105
98
96

109
105
123
132
129
122

228
406
400
140
155
176

109
178
165
106
157
148

161
548
246
646
643
522

100
340
230
480
510
387

192
188
191
202
216
229

115
110
111
115
121
127

130
117
114'
117
122
128

96
96
95
97
101
106

124
122
120
129
143
159

126 !
94 i
84
104 i
106
136

110

!

121
99
87
65
44

144
130
80
61
50
33

|
!

115
144
107
85
58
36

62
106
134
117
123
120

77
222 i
236
183
177
187

50
125
152
117
128
136

;
;

1

100

i
:

10O
102
66
97
128
118
112

!

1923
126
348
217
226

92
125
128
138

131
570
275
186

92
141
140
140

120
182
180
293

93
119
122

225
158
428
214

158
129
136
128

279
159
703
223

143
113
137
124

204
1S4
2U1
195

160
149
161
242

136
120
121
3 14

166
161
193
289

144
124
118
117

150
158
136
198

98
127
124
153

188
151
99
152

238
176
149
163

128
96
137
148

72
120
144
170

165
135
124
127

100
65
194
246

120
152
146
169

160
155
130
171

131
113
121
110

122
92
152
309

174
156
139
152

102
116
102
135

106
168
!()5
283

95
128
128
158

164
152
83

117
183
183
187

115
148
129
126

136
116
122
122

257
220
184

189
138
145
154

620
130
106
80

148
183
157
152

132
131
126
113

175
156
105
215

113
122
118
103

165
180
167
140

138
127
115

105
116
265
47

150
157
154
146

134
129
157
160

September
October
November
December

173
134
139
145

162
161
151
163

110
118
125
141

79
109
135
125

110
116
125
139

156
141
197
215

109
120
123
141

262
166
105
103

115
115
156
150

191

172

308

1, 657

175
281
174
193

100
158
72
132

62
96
127
53

82
184
119
71

217
110
120
133

162
109
129
152

104
114
122
98

318
136
86
187

214
207
270
134

1, 217

83
134
93
97

284
125
216
261

280

81
93
154
115

73
101
144
116

93
89
119
126

110
79
203
98

89
139
96
102

108
105
77

*,

66
99
130
58

92
192
124
GO

309
136
225
273

226
114
126
035

168
112
135
156

110
118
126
101

342
145
98
193

222
218
296
144

86
98
165
120

77
106
153
120

97
95
123
130

123
92
222
104

215
288
209
218

97
147
105
107

| 117
172
84
142

70
105
137
61

110
217
149
106

344

238

176

116

368

108

1924

January
February
March
April
]VIay
June--July
August

- -

September
October
November
December

._

... .

1, 271

883

671

543

273

267

357

350

|

i

213
272
195
203

1

!
i

|

110

100

i
!

106
108

!

1925

1

January
I February
' March
\pril
!

May
June
July
! \ugust

_-

September
October
November
December
I
1

1 „,
!

i

i
4SO

543

370

147

153

841

543

1926

January
February
March
April

\

_

'

M!ay
June

i For numerical data and complete explanation of sources, etc., see Table 98.




j
125

125

133

.159

149
Table 125.—INDEXES OF PUBLIC FINANCE AND SAVINGS
MONEY
IN CIRCULATION 3

U. S. GOVERNMENT
FINANCES 2
Total
Cusorditoms
nary
rerereceipts ceipts

YEAR AND MONTH

Ordinary
expenditures

Total

GOLD

SAVINGS
DEPOSITS

SILVER

i

Per
capita

Domestic
Ex- receipts Rand
outports
at
put
mint

Imports

Imports

Exports

Production

Price
in
New
York

New
York
State
savings
banks

United
States i
postal
savings 1

100
149
187
282
360
422
406

Relative to 1913
monthly average..
monthly average. _
monthly average. _
monthly average. .
monthly average. monthly average. monthly average. .

10O
92
66
67
71
57
58

1OO
101
96
108
156
506
712

100
101
105
101
273
1,750
2, 553

100
101
97
107
114
129
143

100
99
94
101
107
119
131

10O
90
709
1,077
867
97
120

100
243
34
170
405
45
401

100
105
107
90
76
58
48

100
95
103
105
103
96
95

100
72
96
90
149
199
249

100
82
85
112
134
403
381

100
108
112
111
107
102
85

100
92
83
110
136
162
186

100
103
105
111
115
117
129

1920 monthly average. _
1921 monthly average,.
1922 monthly average. _
1923 monthly average. 1924 monthly average..
1925 monthly average. .

101
97
112
177
172
172

925
111
568
554
554
522

893
763
523
510
483
486

159
144
130
141
141
141

145
130
115
123
122
120

673
1,085
432
507
502
201

351
26
40
31
67

42
54
58
57
61
59

93
92
80
104
109
109

246
176
197
208
206
180

181
82
100
115
175
101

85
80
83
99
96
95

169
105
113
109
112
116

143
153
162
179
189
202

411
388 |
348 i
333
335 '
334

1923
September
October
November..
December

169
195
176

521
706
424
663

144
144
146
147

126
125
127
128

524
561
749
615

11
17

154

880
382
316
956

".

72
60
73
61

101
108
107
106

285
232
176
273

155
144
168
182

90
98
88
85

107
106
107
108

182

335
335 i
334
331

1934
January
February
March..
_. .. _.
\pril

151
189
194
172

304
343
1, 072
355

431
345
481
541

139
143
143
141

121
124
124
122

850
661
646
855

11
18

50
61
56
53

109
104
109
105

200
264
208
131

157
170
160
149

84
106
99
85

106
108
107
107

184
184
187
186

328
332
334
333

May
June
July
August

171
163
166
172

316
997
324
308

423
476
344
326

143
141
139
142

124
122
Ii20
122

774
474
355
342

8
4
4
31

53
44
61
62

110
100
113
110

189
163
238
236

185
165
176
165

102
88
89
97

110
112
112
115

186
189
189
189

335
334
334
337

188
188
151
151

808
423
290
946

676
530
287
572

143
145
148
148

123
125
128
127

125
371
374
194

60
54
87
519

72
86
72
61

109
113
109
113

237
195
217
196

198
181
180
216

99
101
101
102

116
119
116
114

191
192
192
196

337
338
338
335

177
174
203
108

285
288
996
303

484
267
637
537

141
143
142
140

121
122
121
120

95
68
138
167

961
661
328
282

59
54
51
56

112
103
113
107

246
165
223
165

218
131
151
178

99
91
89
99

114
115
113
112

198
198
201
201

336
337
337
335

\ LlgUSt

158
168
170
185

1,020
323
365

387
692
406
354

142
141
140
142

121
120
120
121

215
83
192
92

175
88
58
28

48
48
63
59

111
106
112
110

113
165
175
243

125
163
160
158

94
98
96
107

113
116
116
117

201
204
203
203

334
333
331
332

September
October
November
December

192
199
182
174

847
335
307
999

547
535
390
718

143
146
148
149

122
124
125

78
956
197
136

89
367
318
78

53
86
69
64

109
111
107
108

151
187
135
192

143
168
155
145

87
83
88
89

120
119
116
115

202
205
205
209

332
333
334
335

1913
1914
1915
1916
1917
1918
1919

September
October
November.
'December

- --

..

1925
January
Februarv
March
April
May
June
July

.

128

1

1936
January
February
March
April

175

309

385

286

!
:
!

!

j
1

|

1

j

i
j
|

1 13

i

|;

j

;

1
2
3

!

:

j

,
May
June ...

i!

i;

!
J
... .. .J

For numerical data and complete explanation of sources, etc., see Tables 92 and 93.
Annual figures are for fiscal years ending June 30 of year indicated.
Annual figures represent condition on June 30 of year indicated.




1

150
Table 126.—INDEXES OF IMPORTS1

I

BY GRAND DIVISIONS

BY COMMODITIES

!

From Europe

YEAR AND
MONTH

!

1;

Total j France
_

Ger- j

many ! Italy

__....!

ii

From
North
America

United
King-

From
South
Amer-

From
Asia

and
Oce-

ica

From
Africa

ania

dom

!

1VXOJ, QMVaO

!

Crude

ma-

terials

FoodFinstuffs, Manu- Semicrude,
facMisished
and : tured manu- manu- cellafacfood
foodfacneous
tures
anistuffs
tures
mals

negative to 1G13

191 3 mo. av...
1914 mo. a v _ _
19 15 mo. a v _ _
191 6 mo. a v _ _
191.7 mo. av__
1918 mo. av__
1919 mo. av_.

100
91
63
73
64
37
87

100
75
56
78
71
43
89

100
81
24
3
0
0
6

1920 mo av
1921 mo. a v _ _
1922 mo. a v _ _
1923 mo. av-..
1924 mo. av..1925 mo. av_ _

142
88
115
134
127
143

119
102
103
108
10(5
113

48
44
64
88
76
89

1933
September
October
November
December

118
147
130
129

1924
January
February
March
April
_._„

100
100
93
109
66
44
107
136
113
116
167 |
136
1.85 j

100 j
106
95
112
103
55
114
189
88
131
149
135
152

194
211
257
255
252

110
114

90
102
87
89

126
201
232
190

115
145
122
128

122
137
118
116

93
117
114
110

73
83
62
62

130
121
117
156

152
126
127

117
111
114
111

97
81
93
96

64
68
77

109
105
110
89

September...
October
November
December

137
148
136
154

109
122
118
1.25

8G
89
78
83

143
140
156
136

120
129
122
102

1925
j anuary
February
March
' April..
May..
June
July
August

128
123
129
140

September
October
November...
December

100 \
99
133
165
169
218
;

99
115
167
209
202
277

384
149
191
236
235 j
202

4G7
207
277
341
310
423

633 ;
170 ;
274
367
308
388

294 ;
140 !
177
212
201
236

290
141
191
229
204
2S4

100
81
77
123
159
191
179

100
99
71
84
94
98
119

261
138
150
164 |
192
224 i

625
186
195
267
263
219

236
101
161
212
193
222

212
150
162
187
182
193

100
118
92
134 !
120
91
179
213
136
129
141
150
180

168
224
211
225

288
321
313

144
144
256
384

170
206
195
193

153
183
194
204

144
185
218
192

202
291
215
166

174
202
179
191

183
214
186
1S9

337
222
232 i
264 !

231
304
351
290

230
220
272
209

314
351
253
397

592 '
374 |
499
356 ,

198
222
215
217

211
230
202
219

177
166
187
192

231
356
407
355

205
235
198
192

167
168
171
186

214 |
190 I
122 j
96

108
102
114

285
246
249
216

238
O'JO
262
250
208

317
268

203
183
186
170

206
176
177
165

204
186
213

25(i

162 ;
244
149
144
'

m

306
253
257
184

172
171
158
166

179
176
181
176

34 ;
60 i
144 |

125
196
173
197

144
161
157
174

22S
231
219
213

185
255
254
267

306
315
307
370

154
209 !
210
598 1

192
208
198
223

191
200
212
259

158
231
207
218

232
233
175
166

185
200
208
213

193
201
179
201

G78 .
188
158
177

74
79
85
75

184
179
206
217

155
150
177
138

239
256
281
287

256
267
354
282

429
346
430
382

538
659
518
511

232
223
258
232

292
255
282
279

207
200
272
199

196
241
284
293

223
224
268
211

181
183
197
181

184
167
196
82

90
87
85
123

62
73
90
90

185
200
153
131

139
118
146
143

274
262
235
221

199
224
251
254

412
408
425
454

240
338
165
332

219
218
218
228

269
257
247
278

186
194
230
199

242
228
207
180

198
208
208
230

177
181
188
191

42
46
93
203

98
102
102
139

146
210
202
205

138
166
187
162

236
252
234
244

268
235
262
290

468
509
499
551

279
177
394
505

234
250
252
266

282
300
329
348

246
240
253
262

200
201
178
215

2€5
232
219
238

190
224
205
215

491
207
170
278

, ..

liO

!

'

1
|

i

For numerical data and complete explanation of sources, etc., see Tables 102 and 104.




100
129
138
171
177
200
280

111
135
125
132

i
j
1

!

May
June
1

j
|
;
i
|

100
106
110
118
175
156
247

205
268
226
209

91

139
161
164
160

1936
January
February
March
April.

100 !

100
116
193
271
330
378

100
83 |
146
261
308 ;
360
473

100

116 !
163 !
216
302
308
347

100 | 100

i
i

May
June
July....
August

1

100
113
131
169
224
250
297

|

151

BY GRAND DIVISIONS
To Europe
YEAR AND MONTH

GerTotal SVan.ce many

Italy

To
To
To
North South Asia
To
and
United Ameri- Ameri- Ocean- Africa
ca
Kingca
ia
tiom

GRAND TOTAL
(incl, reexports)

Table 127.—INDEXES OF EXPORTS'
BY COMMODITIES

I
Foodstuffs, Manu- Semi- FinCrude crude, fac- nianu- ished MisGrand mamanu- cella- j
and
total terials food tured faefac- neous I
foodani- stuffs tures tures
mals

Relative to 1913
1913 monthly av
100
1914 monthly av.....
89
1915 monthly av
172
1916 monthly av
254
1917 monthly av
271
1918 monthly av
257
1919 monthly av
346
1920 monthly av
1921 monthly av_._ ..
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

298
158
139
149
163
174

100
111
325
559
631
605
580

100
45
8
1
(2)
(2)
26

100

439
146
173
177
183
182

88
106
90
90
125
134

473
274
192
213
238
261

124
343
386
533
626
563

100
100
102 I
80
203
93
154
319
340
210
220
349
386
216

100
62
98
150
213
207
301

100

321
188
152
181
181
190

426
187
154
184
2^5
275

502
311
265
317
323
325

328
159
145
149
166
175

85
116
226
263
290
432

100
88
128
187
178
205
338

100
85
143
221
251
248
319

100
85
143
221
252
247
317

100
64
74
94
102
124
210

100

100

162
272
249
300
323
400

95
170
200
249
434
605

1OO
85
120
230
332
265
232

100
82
168
336
346
265
328

573
252
193
210

331
181
154
168
185
198

330
179
154
167
184
197

244
128
128
156
173
184

542
409
271
152
232
188

344
207
181
180
177
177

242
101
110
142
154
167

410
208
165
189
203
236

243
308

1OO
278
1, 514
1,162
641
233
160
145 j
97 j
88
79
79
100
t
I

1923
September ....
October
November
December.. _

162
171
175
197

196
238
244
234

108
112
96
110

240
292
278
303

183
181
206
250

196
179
169
160

176
179
192
157

319
396
405
440

198
195
193
208

184
193
194
206

183
192
194
206

205
234
250
285

192
154
102
105

172
187
194
210

136
139
148
154

191
190
182
177

76
85
139
87

1934
January
February
March
April

162
161
136
144

181
156
171
155

140
167
123
112

257
242
200
232

172
151
116
133

149
154
172
169

196
200
190
206

503
246
327
285

292
226
182
306

191
177
164
168

191
176
163
165

208
178
134
126

98
99
106
94

21G
194
184
158

165
152
151
154

196
195
201
227

95 j
103 |
93 j
67

May.................
June _ .. . ._ _ _
July
...
August

130
114
101
125

172
166
103
160

96
61
44
66

171
184
123
202

127
105
113
133

177
170
166
189

203
212
191
250

312
282
225
256

234
221
206
254

162
148
134
160

160
147
133
159

120
97
87
98

75
106
91
225

139
126
138
164

161
153
140
143

226
210
181
212

37
48
47
71

September
October
November
December _.

189
233
244
219

220
209
287
217

151
169
199
173

195
335
349
430

196
255
256
237

224
266
186
154

198
269
222
236

285
371
365
337

247
258
199
291

207
255
238
215

205
254
238
215

200
307
263

468
721
417
281

181
217
202
201

150
162
154
163

194
217
192
187

65
113
131
100

1925
January
February
March
April

216
178
202
167

228
178
200
172

169
149
175
113

346
352
398
292

230
174
173
149

156
150
200
185

260
209
275
294

352
333
340
327

273
221
365
318

216
179
219
193

216
179
218
192

263
201
190
131

183
167
220
256

200
171
206
146

176
144
195
184

204
181
263
262

147
94
155
78

May
June
July
August

141
116
124
145

160
119
112
142

98
76
80
116

214
179
187
177

128
116
117
128

215
192
203
202

292
255
264
312

259
260
259
293

305
267
244
361

179
156
164
183

178
155
163
183

103
82
88
112

238
154
160
202

152
159
160
176

178
164
175
158

250
221
232
265

50
39
76
54

September- _ . _
October
November
December

183
226
190
197

160
265
230
220

178
193
133
123

195
265
256
267

184
247
218
232

205
193
187
192

238
255
287
357

307
424
420
421

291
285
355
409

203
237
216
226

202
237
215
225

206
328
270
238

242
137
138
150

195
190
174
195

151
153
151
168

220
232
229
271

111
97
176
123

1926
January.
February
March
April

.

.....

;
;

I
I

254

L_

May
June
1

For numerical data and complete explanation of sources, etc., see Tables 103 and 104.




* Total for year 1917 is $3,275. No figures for 1918.

152
SOURCES OF DATA
[Only sources presenting current material are given here: Sources of data used to fill gaps in early figures are noted in their respective detailed tables, thus making this tabl.3
a complete record of current source material for the SURVEY]
CURRENT PUBLICATION

l

DATE OP PUBLICATION

I.-REPOBTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN
ARGENTINE MINISTER OF AGRICULTURE
CANADIAN DEPARTMENT OF LABOR
CANADIAN DEPARTMENT OF TRADE AND COMMERCE.
FEDERAL
FEDERAL
FEDERAL
FEDERAL

FARM LOAN BOARD
RESERVE BANK OF ATLANTARESERVE BANK OF BOSTON...
RESERVE BANK OF CHICAGO-.

FEDERAL
FEDERAL
FEDERAL
FEDERAL

RESERVE
RESERVE
RESERVE
RESERVE

BANK
BANK
BANK
BANK

OF CLEVELAND
OF DALLAS
OF KANSAS CITY.
OF MINNEAPOLIS .

FEDERAL RESERVE BANK OF NEW YORK
FEDERAL RESERVE BANK OF PHILADELPHIA.
FEDERAL RESERVE BANK OF RICHMOND
FEDERAL RESERVE BANK OF SAN FRANCISCO. _
FEDERAL RESERVE BOARD

ILLINOIS DEPARTMENT OF LABOR
INTERSTATE COMMERCE COMMISSION .

MASSACHUSETTS DEPT. LABOR AND INDUSTRY.
MASSACHUSETTS DEPT. PUBLIC UTILITIES
NEW YORK STATE DEPT. LABOR
NEW YORK STATE DEPT. PUBLIC WORKS. ..
PANAMA CANAL
U. S. CIVIL SERVICE COMMISSION
U. S. DEPARTMENT OF AGRICULTURE:
BUREAU OF ANIMAL INDUSTRY
BUREAU OF AGRICULTURAL ECONOMICS. .

Flaxseed exports from Argentina
Employment in Canadian trade-unions
Operations of Canadian employment service
Foreign trade of Canada
Canadian railroad operations
Canadian iron, steel, flour production
Agricultural loans by land and credit banks
Wholesale trade and savings for district
Savings deposits in First Fed. Res. Dist
Savings deposits in Seventh Fed. Res. Dist
Agricultural pumps
Savings deposits in Fourth Fed. Res. Dist
Wholesale trade and savings for district
Wholesale trade and savings for district
Retail sales of lumber by rural yards
Farm implement sales, Northwest.
Housing rental advertisements
Foreign exchange rates and index
Savings deposits in Second Fed. Res. Dist
Corporation profits
Savings deposits in Third Fed. Res. Dist
Wholesale trade
Employment in N. J., Pa., and Del
Savings deposits in Fifth Fed. Res. Dist
Wholesale trade
Savings deposits in Twelfth Fed. Res. Dist
Wholesale trade
Foreign exchange index numbers
Debits to individual accounts
Condition of Federal reserve banks
Condition of reporting member banks
Wholesale price index numbers
Department store trade
Index numbers of department store, mail order,
and chain store trade.
Barley and rye receipts
Sales of loose-leaf tobacco
Index of ocean freight rates
Index numbers of production
Wholesale trade index
Employment in Illinois
.-.
Railway revenues and expenses
Telephone operating revenue and income
Telegraph operations and income
Express operations and income
Fuel consumption by railroads
Railway employment
Massachusetts employment
Milk receipts at Boston
New York State factory employment and earnings.
New York State canal traffic
Panama Canal traffic
Government employment
Beef, pork, and lamb production
Prices of farm products to producers
Wool stocks in dealers' hands and wool prices
Crop production
Cold-storage holdings and fish frozen
Movement of cattle, hogs, and sheep
Receipts of butter, cheese, eggs, and poultry
Production of dairy products
Car-lot shipments of fruits and vegetables
Farm labor, wages, supply, etc
Consumption of butter and meats
Index of agricultural exports
Federal-aid highways under construction
Wages of common labor, by geog. divs

Estadistica Agro- Pecuaria
Labour Gazette (Canadian)
_
Labour Gazette (Canadian)
Foreign, trade of Canada
Operating Revenues, etc., of Railways*.-_|
Press releases*
Not published currently
Business Conditions
Monthly Review
j
Business Conditions
j
Business Conditions
|
Business Review
Business Conditions
Business Conditions
Business Conditions
Business Conditions
Business Conditions
Fed. Res. Bull, and daily statement*
Monthly Review
Monthly Review
Business and Financial Conditions
Business and Financial Conditions
Business and Financial Conditions
Business and Agricultural Conditions
Business and Agricultural Conditions
Business Conditions
Business Conditions
I
Federal Reserve Bulletin
i
Fed. Res. Bull, and weekly press releases*._
Fed. Res. Bull, and weekly press releases*..
Fed. Res. Bull, and weekly press releases*..
Federal Reserve Bulletin
j
Federal Reserve B ulletin
j
Federal Reserve Bulletin
I

Monthly.
Semimonthly.
Semimonthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Daily and monthly.
Monthly.
Quarterly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly (2d week of mo.)
Sun. papers and monthly.
Fri. morn, papers and mo.
Fri. aftnoon papers and mo.
Monthly.
Monthly.
Monthly.

Federal Reserve Bulletin
j Monthly.
Federal Reserve Bulletin
I Monthly.
Federal Reserve Bulletin
Monthly.
Federal Reserve Bulletin
Monthly.
Federal Reserve Bulletin
Monthly.
The Employment Bulletin
j Monthly.
Preliminary statement Class I roads
j
Operations of large telephone companies... Monthly.
Not published
Not published
Fuel for Road Locomotives
Monthly.
Not published
Monthly statement*
Not published
i
Labor Market Bulletin and press releases* Monthly.
Annual report
The Panama Canal Record
Not published

Yearly.
Last weekly issue of month.

Monthly supplement.
Crops and Markets.
Crops and Markets
| Monthly supplement.
Crops and Markets
! Monthly supplement.
Crops and Markets and press releases* Releases about 1st mo. i cotton) ; 10th (other crops).
Monthly supplement.
Crops and Markets.
Monthly supplement.
Crops and Markets_
Weekly.
Crops and Markets.
Quarterly.
Crops and Markets.
Monthly supplement.
Crops and Markets _
Monthly supplement.
Crops and Markets.
Monthly.
Crops and Markets _
Monthly.
Crops and Markets_
Public Roads
Monthly.
BUREAU OF PUBLIC ROADS
Not published
U. S. DEPARTMENT OF COMMERCE:
Serniino. during season,
Preliminary report on ginnings*
Cotton ginned
BUREAU OF THE CENSUS
Preliminary report on cotton consumed. __ 15th of month.
Cotton consumed and on hand
20th of month.
Wool machinery and cotton spindles*
Active textile machinery
First week of month,
Census of hides, skins, and leather*
Leather, hides, shoes, gloves, production, etc
30th of month.
Leather gloves and mittens
Press release*
18th of month.
Cottonseed and cottonseed oil
Preliminary *
^ ^^^^^^...r report on cottonseed*
30th of month.
Hosiery statistics
! Press release*
30th of month.
Knit underwear production, etc
j Press release*
30th of month.
Men's and boys' and work clothing
Press release*
30th of month.
Malleable castings
i Press release*
30th of month.
Wheat flour production from May, 1923
Press release*
30th of month.
Pyroxylin coated textiles
| Press release*.
20th of month.
Stokers, sales from January, 1923
j Press release*
One month after end of qtr.
Stocks of tobacco held
Statement on stocks of leaf tobacco.
30th of month.
Wool consumption and stocks
Press release*
30th of month.
Steel barrels.
Press release
20th of month.
Fabricated steel plate bookings
Press release:
30th of month.
Box board
Press release
One month after end of qtr.
Electric locomotives, mining and industrial
Press release*
25th of month.
Electric trucks and tractors
| Press release*
30th of month.
Floor and wall tile
j Press release* _
20th of month.
Fire extinguishers
i Press release*.
1
This is not necessarily the source of the figures published in the SURVEY, as many of them are obtained direct from the compilers prior to publication in the respective
journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication dates of the SURVEY.
*Multigraphed or mimeographed sheets.




153
SOURCES OF DATA—Continued
C U R R E N T PUBLICATION

l

DATE OF PUBLICATION

I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued
U. S. DEPARTMENT OF COMMERCE—Con.
BUREAU OF THE CENSUS—Continued

30th of month.
Babbitt metal consumption
j Press release*
30th of month.
Floor and wall tile
j Press release31
20th of month.
Enameled sanitary ware
j Press release*
25th of month.
Vitreous china plumbing
fixtures
Press release'
Quarterly (one month after
Fats and oils, production, consumption, and Statistics of fats and oils*
end of quarter).
stocks
30 days after end of qtr
Glues, production and stocks. _Press release*
20th of month.
Fabricated struc. steel sales from Apr,, 1922
Press release*
20th of month.
Automobile production from July, 1921 _ . .
Press release*
30th of month.
Wood chemical operations, crude and refined
Pressrelease*
20th of month.
Steel casting sales
Press release*
25th of month.
Steel furniture shipments.
Press release*
25th of month.
Locomotive shipments and unfilled orders
Press release*
Monthly.
Earnings of public utilities
Survey of Current Business
10th of month,
Plumbing goods price index.
Press release*
loth of month.
Press release*
Architectural terra cotta
30th of month.
Index numbers of production, stocks, and un- Press release*
filled orders,
|
Fish catch at principal fishing ports
j Monthly statement
_
_ _.
All imports and exports
j Monthly Sum. Foreign C ommerce (Pt. I)' _ Last week of month.
Fuel loaded for consumption by vesselsNot published
Monthly Sum. Foreign Commerce (Pt. II). Middle of ne-;t month.
Vessels clsared.
Ship charter rates index_________________________t Commerce Reports
30th of month.
Petroleum, crude and refined, production, etc____1 Petroleum statistics"
Monthly.
Explosives, production, shipments, etc__________j Explosive statistics* ________________________
Second or third weekly
Coal and coke production ........_______________j Weekly report on production of coal* ________
issue of month.
Portland cement, production, etc________________Report on Portland cement output* _______ of month.
20th
Vessel construction, and losses______________________i Commerce Reports . . .___________.....____
First weekly issue of
month (Mondays).
Building material price indexes _......________________| Not published ____________________________
Patents granted.. _ _. . . . .________________________| Not published _____________________________
i
End of month.
Electric power production ______________________
| Production of electric power*.
End of month.
Consumption of fuel by public utility plants
by
Production of electric power*.
Monthly.
rks
Visitors to National Par ___________________
• Not published

BUREAU OF FISHERIES
BUREAU OF FOREIGN AND DOMESTIC
COMMERCE.
B U R E A U OF MINES.

BUREAU OF NAVIGATIONBUREAU OF STANDARDS ____________
U. S, PATENT OFFICE _______________
S. DEPARTMENT OF THE INTERIOR:
n EOLOGICAL SURVEY ______________
DIVISION OF NATIONAL PARKS
V . S. DEPARTMENT OF LABOR:
EMPLOYMENT SERVICE

Employment agency operations

BUREAU OF IMMIGRATION
BUREAU OF LABOR STATISTICS.

Immigration and emigration statistics
Wholesale prices of commodities, including
farm products, food, clothing, metals, etc.
Wholesale price index
Retail prices and living indexes
Factory employment, pay roll, etc
United States postal savings
Postal receipts.
Money orders.
Passports issued.
Government debt, receipts, and disbursements. _
Money in circulation from July 1, 1922
Domestic receipts of gold at mint
Oleomargarine production
Consumption of manufactured tobacco, snuff,
cigars, cigarettes, and oleomargarine.
Internal Revenue taxes on specified articles
Grain alcohol production, stocks, etc

V. S. POST OFFICE DEPARTMENT.
U. S. DEPARTMENT OF STATE.,
V. S. TREASURY DEPARTMENT.
BUREAU OF THE MINT
BUREAU OF INTERNAL REVENUE.

U. S. WAR DEPARTMENT:
ENGINEER CORPS
MISSISSIPPI-WARRIOR SERVICE
AY AR FINANCE CORPORATION
WISCONSIN INDUSTRIAL COMMISSION.

_ | Sault Ste. Marie Canal traffic
I Ohio River cargo traffic
_ I Barge traffic on Mississippi River
.I Agricultural loans
. I Wisconsin factory earnings and employment

Report of Activities of State and Munici- | Every 4 or 5 weeks,
pal Employment Agencies.
j
Not published
.
I
Wholesale Prices of Commodities
j
Monthly Labor Review
Monthly Labor Review
Employment in Selected Industries
Postal Savings News Bulletin
Statement of Postal Receipts*
Not published
Not published
Daily Statement of the U. S. Treasury
Circulation of money
Not published
!.._
Not published
Statement of Tax-paid Products*

Monthly.
Monthly.
Monthly.
12th of month.
7th of month.

Classified collections of Internal Revenue
Not published

25th of month.

Monthly statistical report
Not published
Not published
Not published in form used
Bulletin on Wisconsin labor market*

Monthly during season,

10th of month.
Last day of month.
Monthly.
First week of month,

loth of month.

II.—REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS
ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE.
Assoc. CORN PRODUCTS MANUFACTURERS
AMERICAN BUREAU OF METAL STATISTICS
AMERICAN DRY MILK INSTITUTE
AMERICAN ELECTRIC RAILWAY ASSOCIATION...
AMERICAN FACE BRICK ASSOCIATION
AMERICAN NEWSPAPER PUBLISHERS' ASSOCN..
AMERICAN IRON AND STEEL INSTITUTE
AMERICAN IRON, STEEL, AND HEAVY HARDWARE ASSOCIATION.
AMERICAN PAPER AND PULP ASSOCIATION
AMERICAN PETROLEUM INSTITUTE
AMERICAN RAILWAY ASSOCIATION (Car Service Division).
AMERICAN WALNUT MFRS.' ASSOCIATION
AMERICAN WASHING MACHINE MANUFACTURERS' ASSOCIATION.
AMERICAN ZINC INSTITUTE
ANTHRACITE BUREAU OF INFORMATION

Sales of abrasive paper and cloth

Not published

Corn ground into starch, glucose, etc
Copper, silver, lead, arsenic—production, etc
Powdered milk sales
Passengers carried, electric railways
Face brick production, stocks, etc
Stocks of newsprint paper...
Steel ingot production
Hardware sales and accounts.

Not published
Not published
Monthly report*
Aera
Trends in the Face Brick Industry.
Monthly report
Press release to trade papers*
Monthly report*

Paper and wood pulp production, etc____________| Monthly report*........_____
Gasoline and kerosene consumption______________i Bulletin _____________________
Freight car surplus and shortage________________! C ar Surpluses and Shortages
________________
Car loadings and bad-order cars and locomotives Information Bulletins
Walnut lumber and logs ______ ........... ________ Not published
Washing machine sales_____.........____________i Not published

Production and stocks zinc, retorts operating
Anthracite shipments, etc., and mine employment.
ASSOCIATION OF LIFE INSURANCE PRESIDENTS- New life insurance business
Premium collections
Distribution of assets




1

Imports and exports of gold and silver in Part II.

i Press release to trade papers *
j Statement of anthracite shipments*,
j
\ Not published
j Not, published
' Not published

Monthly.
Monthly.
Monthly.
7th of month.

Weekly.
Weekly.

13th of month.
15th of month.

*Multigraphed or mimeographed sheets.

154
SOURCES OF DATA—Continued
CURRENT PUBLICATION

l

DATE OF PUBLICATION

II.-REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS-Continued
BOSTON GRAIN AND FLOUR EXCHANGE,
BUREAU OF RAILWAY ECONOMICS
CALIFORNIA REDWOOD ASSOCIATION
CALIFORNIA WHITE AND SUGAR PINE ASSOCN. _
CHICAGO BOARD OF TRADE
COMMON BRICK MANFRS. ASSOCN. OF AMERICA,
CREDIT CLEARING HOUSE
EMPLOYERS' ASSOCIATION OF DETROIT
ENAMELED SANITARY MFRS. ASSOCIATION
FELT MANUFACTURERS ASSOCIATION
FINE COTTON GOODS EXCHANGE
FOLDING Box MFRS. NAT. ASSOCIATION
FOUNDRY EQUIPMENT MFRS. ASSOCIATION
GLASS CONTAINER ASSOCIATION
HARDWOOD MANUFACTURERS INSTITUTE
HYDRAULIC SOCIETY
ILLUMINATING GLASSWARE GUILD
LABEL MANUFACTURERS ASSOCIATION
LAKE SUPERIOR IRON ORE ASSOCIATION
LEATHER BELTING EXCHANGE
LIFE INSURANCE SALES RESEARCH BUREAU...
MAPLE FLOORING MANFRS. ASSOCIATION
MINNEAPOLIS CHAMBER OF COMMERCE
MOTOR AND ACCESSORY MFRS. ASSOCIATION,._
NATIONAL ALLIANCE OF CASE GOODS ASSOCN.
NATIONAL ASSOCIATION OF BRASS MFRS
NATIONAL ASSOCIATION OF BUTTON MFRS
,
NATIONAL ASSOCIATION OF CHAIR MFRS
NATIONAL FERTILIZER ASSOCIATION
NATIONAL ASSOCIATION OF FINISHERS OF COT- I
TON FABRICS.
NATIONAL ASSOCIATION OF PIANO BENCH AND
STOOL MANUFACTURERS.
NATIONAL ASSOCIATION OF REAL ESTATE
BOARDS.
NATIONAL ASSOCIATION OF STEEL FURNITURE
MANUFACTURERS.
NATIONAL ASSOCIATION OF SHEET AND TIN
PLATE MANUFACTURERS.
NATIONAL AUTOMOBILE CHAMBER OF COMMERCE.
NATIONAL ELECTRICAL CREDIT ASSOCIATION..
NATIONAL INDUSTRIAL CONFERENCE BOARD
NATIONAL MACHINE TOOL BUILDERS' ASSOCN.
NATIONAL PAVING BRICK MANUFACTURERS'
ASSOCIATION.
NEW ORLEANS BOARD OF TRADE
NEW ORLEANS COTTON EXCHANGE
NEWS PRINT SERVICE BUREAU
NEW YORK COFFEE AND SUGAR EXCHANGE...
NEW YORK METAL EXCHANGE
NORTH CAROLINA PINE ASSOCIATION
NORTHERN HEMLOCK AND HARDWOOD MANUFACTURERS' ASSOCIATION.
NORTHERN PINE MANFRS. ASSOCIATION
OAK FLOORING MANFRS. ASSOCIATION
OHIO STATE FOUNDRYMENS' ASSOCIATION
OPTICAL MANUFACTURERS' ASSOCIATION
PACIFIC CANNED FISH BROKERS' ASSOCIATIONPACIFIC COAST PLYWOOD MFRS. ASSOCN
PAPERBOARD INDUSTRIES ASSOCIATION
PLATE GLASS MFRS. OF AMERICA
PLYWOOD MANUFACTURERS' ASSOCIATION
PORTLAND ASSOCIATION OF BLDG. OWNERS
AND MANAGERS.
PORTLAND CEMENT ASSOCIATION
PREPARED ROOFING MANFRS. ASSOCIATION.--.
RICE GROWERS' ASSOCIATION OF CALIFORNIA ._
RICE MILLERS' ASSOCIATION
ROPE PAPER SACK MANFRS. ASSOCIATION
RUBBER ASSOCIATION OF AMERICA
RUBBER GROWERS' ASSOCIATION
SALES BOOK MANUFACTURERS' ASSOCIATION, _
SAVINGS BANK ASSOCIATION OF STATE OF
NEW YORK.
SILK ASSOCIATION OF AMERICA
SOUTHERN CYPRESS MANFRS. ASSOCIATION
SOUTHERN FURNITURE MFRS. ASSOCIATION
SOUTHERN PINE ASSOCIATION
STEEL BARREL MANUFACTURERS' ASSOCIATION
STEEL FOUNDERS' SOCIETY.
STRUCTURAL STEEL SOCIETY.
TUBULAR PLUMBING GOODS ASSOCIATION
TWIN CITY MILK PRODUCERS' ASSOCIATION ...
UNITED TYPOTHETAE OF AMERICA
WEST COAST LUMBERMEN'S ASSOCIATION
WEBBING MANUFACTURERS' EXCHANGE
WESTERN PINE MANUFACTURERS' ASSOCIATION
* Multigraphed or mimeographed sheets.




Receipts of wool at Boston
Average receipts per ton-mile
Passengers and tonnage carried 1 mile
Redwood lumber production, etc
Sugar pine lumber production, etc
Wheat, corn, and pats, receipts, etc
Common brick shipments, stocks, etc
Credit conditions
Detroit factory employment
Enameled sanitary ware, orders, etc
Roofing felt production, stocks, etc
Fine cotton goods production.
Folding box orders
Foundry equipment production
Glass container production, etc
Hardwood lumber, stocks, etc.
Steam, power, and centrifugal pumps
Illuminating glassware production, orders, etc..
Label orders.
Consumption, stocks, and shipments, iron ore..
Sales of leather belting
Life iijii3ui.aj.iut/ otueo, ordinary
.i.,uu insurance sales, uiuijuai. y
Maple flooring production, etc
Linseed oil and oil-cake shipments
Sales of accessories and parts
Unfilled orders and shipments of furniture
Brass faucets, orders and shipments
Button stocks, activity, etc
Chair shipments and unfilled orders
Acid phosphate production, etc
Finished cotton goods, billings, orders, shipments, and stocks.
Production, shipments, and unfilled orders of
piano benches and stools.
Real estate conveyances

Trade papers
i Daily.
Not published
I
Summary of operating statistics
Monthly.
Not published
i
Not published
j
Trade papers
i Daily.
Monthly report. ... _ .... .. ._'
Credit
I Weekly.
Weekly press release
..
. \
Not published
|
Not published
i
Trade papers
j
Not published
!
Report on monthly volume: of business j Monthly.
Monthly report*
:
Monthly report
i
Not published
|
Not published
\
Not published
Monthly report*
Monthly report (not published)
|
Monthly release
I 18th of month.
Not published
j
Monthly statement
j
Business Bulletin
i Monthly.
Not published in form used
j
Not published
j
Weekly report
\ Weekly,
Not published in form used
I
Not published
Not published
'.
j
Not published

j

Bulletin

j

Steel furniture shipments, orders, etc

Not published

Steel sheets, production, stocks, etc

Not published

Production and shipments of passenger cars
and trucks.
Credit conditions^
Cost of living, wages and hours of laborMachine-tool orders
Paving-brick production, etc.
__.

Traffic bulletin* (production figures not
published).
Not published
Monthly pressrelease
Not published
Monthly report

Rice distribution through New Orleans
Cot ton receipts into sight
Canadian newsprint production, etc
United States newsprint data since June, 1923..
Coffee receipts, stocks, etc
Tin stocks and deliveries
North Carolina pine, production, etc
Hemlock and hardwood lumber production,
etc.
Northern pine lumber and lath
Oak flooring, production, etc
Ohio foundry iron production, etc
Spectacle frames and mountings, sales, etc
Shipments of canned salmon
j
Plywood bookings
j
Paperboard shipping boxes and boxboard pro- |
duction, etc.
!
Plate glass production
Plywood bookings, etc
Rental advertisements, Portland, Oreg

Monthly report
Monthly report
Monthly bulletin
Monthly bulletin
Monthly statement
Trade papers
Not published
Not published

Cement paving contracts
Shipments of prepared roofing
Receipts, stocks, and shipments (Calif, mills) __
Rice receipts, stocks, etc
Shipments of rope paper sacks
Rubber tires, heels, fabrics, crude stocks, etc
Rubber stocks in England
Shipment of sales books
Savings banks deposits in New York State

Concrete Highway Magazine
Not published
Not published
Monthly report
Not published .
Monthly reports (not published)
Bulletin of Rubber Growers' Association.
Not published
Not published in form used

Raw silk consumption, machinery activity, etc..1
Cypress production, etc.
Furniture shipments and unfilled orders
Yellow pine production and stocks
Steel barrel capacity operations through 1923
Sales of steel castings
Sales of fabricated structural steel
Tubular plumbing sales.
_
Milk production, Minnesota
Printing activity...
Douglas fir lumber production, etc
Sales of elastic webbing
Western pine lumber production, etc

Monthly press release to trade papers*.... 5th of month.
Weekly barometer
Not published in form used
|
Not published in form used
I
Monthly reports* (not published)
Not published
Not published
Semiweekly reports
Not published
Typothetae Bulletin
Monthly.
Not published
Not published...
Not published

Not published
Not published
Monthly report* (not published)
Not published
Not published
Not published
Not published..

Second week of month,
21st of month
First week of month.
First week of month.
First week of month.
First week of month,

Monthly.

Not published
Not published
Not published
Monthly.

Monthly.

155
SOURCES OF DATA—Continued
DATE OF PUBLICATION

HI.—REPORTS FROM TECHNICAL PERIODICALS
AMERICAN M ETAL MARKET
THE ANNALIST

,

Composite pig iron and steel prices
Stock sales
Stock prices
State and municipal bond issues
THE BOND BUYER
__
_._
Municipal bond yields
BRADSTREET'S
_ - _
_ _ ..
__
Visible siroply of grains _
Bank clearings, United States and Canada
Wholesale price index;
_ __
Business failures, Canada
,
CHEMICAL AND METALLURGICAL ENGINEERING-Chemical price index
_ _ __
COAL AGE
Mine price of bituminous coal
COMMERCIAL AND FINANCLIL CHRONICAL _ ...
Cotton, visible supply
Interest rates _ _
_
New corporate securities
DULY NEWS RECORD _ _ _ - _ - _ _ _ _ - _
_ _ _ . Fairchild cotton goods index
_
Dow, JONES & Co. (WALL STREET JOURNAL)
New York bond sales and prices
Mexican petroleum shipments
_
DUN'S REVIEW
Business failures and wholesale price index
ELECTRICAL WORLD
Sale5? of electrical energy, central stations
ENGINEERING AND MINING JOURNAL-PRESS
Rand gold production; tin, lead, zinc, copper, and silver
prices.
ENGINEERING NEWS RECORD
Construction cost index
FlNANCIVL POST
_ _ _ _ _ _ _ _ _
- - - _
Canadian bond issues
HAY TR*VDE JOURNAL
Tlav receipts
IRON AGE
_
_ _ _ _.
Pip-iron production, furnaces in blast, etc
TRON TRADE REVIEW - - _ _ _ _ __
Iron and steel prices _
JOPLIN GLOBE
Shipments, etc. , zinc and lead ore, Joplin dist
LONDON TIMES
- _ _ _ _ _ _ _ _ _
__
Fire losses in Great Britain
LUMBER MANUFACTURER AND DEALER
Price indexes of lumber
MILK REPORTER
Milk receipts at Greater New York
NAV\L STORES REVIEW
Turpentine and fosiii, receipts and stocks
NEW YORK JOURNAL OF COMMERCE _ _
.. _ Dividend and interest pavments
New capital issues and new incorporations _ _ _ _
Fire losses
NEW YORK EVENING POST
_ _ Newspaper advertising
NORTHWESTERN M^ILTER
Flaxseed re°e^pts etc
OIL, PAINT, AND DRUG REPORTER
___ _
Price indexes of drugs, oil, etc
Argentine visible supply o f flaxseed
_ _ _ _ _ _
OIL TRADE JOURNAL
__
Mexican petroleum shipment,5'
PRINTERS' INK
Magazine advertising and national advertising in newspapers ...
PUBLISHERS' WEEKLY
_ _ _ _ _ _ _ _ _ _ _ _ _
Book production
RAILWAY AGE
_
Equipment orders
RUSSELL'S COMMERCIAL NEWS
Wheat flour production from Julv 1920
STATISTICAL SUGAR TRADE JOURNAL
Sugar stocks, receipts, meltings, and Cuban statistics
WORLD RUBBER POSITION (BRITISH)
World shipments and stocks plantation rubber

First or second week of month (daily).
First weekly issue of month (Fridays).
Weekly (Fridays).
First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays)
Weekly (Saturdays).
First weekly issue of month (Saturdays) .
Second weekly issue of month (Saturdays) .
First weekly issue of month (Saturdays).
Weekly (Wednesdays; .
Weekly (Thursdays) .
Weekly (Saturdays).
Weekly (Saturdays).
Last weekly issue of month (Saturdays),
First week of month (daily).
20th of month (daily) .
First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays)
First weekly issue of month.
Weekly (Thursdays) .
Weekly (Fridays).
First weekly issue of month (Thursdays),
Weekly (Thursdays) .
First weekly issue of month (Fridays).
Weekly.
Weekly (Saturdays) .
First week of month (daily).
First week of month (daily) .
10th of month (daily) .
Not published.
Weekly (Wednesdays) .
Weekly (Mondays).
Weekly (Mondays).
10th of month (monthly) .
Second week of month.
Third week of month.
Fourth week of month (Wednesdays).
Weekly (Fridays).

[Only sources presenting current material are given here: Sources of data used to fill gaps in early figures are noted in their respective detailed tables, thus making this table
a complete record of current source material for the SURVEY]
CURRENT PUBLICATION l

DATE OF PUBLICATION

IV.-REPORTS FROM PRIVATE ORGANIZATIONS
(Excluding individual firms reporting data to be combined with other firms or trade associations)
ABERTHAW CONSTRUCTION Co
AMERICAN APPRAISAL Co
AMERICAN TELEPHONE & TELEGRAPH Co
BOSTON, CAPE COD & NEW YORK CANAL Co_
CHILDS Co
CLEVELAND TRUST Co__
COMPAGNIE UNIVERSELLE DU CANAL MARITIME DE SUEZ.
DODGE, F. W., CORPORATION
HAFFARDS, G. M. & Co
LLOYDS'
KRESGE, S. S., Co
KRESS, S. H., & Co
MCLEAN BUILDING REPORTS, LTD
McCRORY STORES CORPORATION
NEW YORK TRUST Co
OWL DRUG Co
PENNEY, J. C., Co
PENNSYLVANIA RAILROAD Co
POLK, R. L.,& Co
PULLMAN Co
SCHULTE, A., INC
SEARS, ROEBUCK & Co
SEIDMAN& SEIDMAN
SHELTON, W. ARTHUR
UNITED CIGAR STORES Co
_
U. S. STEEL CORPORATION.__..._._.
WALDORF SYSTEM, INC
WARD, MONTGOMERY, & Co_
WOOLWORTH, F. W., & C O . _ _

B uilding costs
C onstruction costs
Stockholders in the company
__.
Cape Cod Canal traffic...,
Restaurant sales
Dividends paid on industrial stocks
Suez C anal traffic
Building contracts
Fall River mill dividends.
World ship construction _
C hain-store sales
Chain-store sales
Canadian building contracts.
C hain-store sales
Indexes of stock and bond prices
Chain-store sales_
Chain-store sales_
Stockholders in the company
New passenger-car registrations. _
Pullman passenger traffic and operations.
C hain-store sales
Mail-order sales_
Fur purchases and sales
Fertilizer consumption, cotton States
Chain-store sales
Unfilled orders
Earnings
Stockholders
Wages of common labor
Restaurant sales-..
Mail-order sales
Chain-store sales

* Multigraphed, mimeographed, or duplicated sheets.




Construction trade papers..
American Appraisal News.
Financial papers
Not published.
Monthly report
Bulletin
Le Canal de Suez
Statement on Building Statistics..
Bradstreet's..
New York Journal of Commerce
Financial papers
Financial papers
Canadian Building Review
Financial papers
The Index
Financial papers
Financial papers
Financial papers.
National New Car Reporting Service*
Not published _
Financial papers
Financial papers
Not published
Private economic service
Financial papers
Pressrelease*
Pressrelease*
Financial papers
Special reports*
Monthly press release*._
Financial papers
Financial papers
__._._____

Monthly.
Third week of month.
Monthly.
Quarterly.
5th, 15th, and
month.
Monthly.
Quarterly.

25th of

First week of month.
First week of month.
Monthly.
First week of month.
Monthly.
First week of month.
Quarterly.
Monthly.
First week of month
10th of month.
Monthly.
§uarterly.
ccasionally.
First week of month.
First week of month.

GENERAL INDEX
Page numbers refer to data in detailed
references easy without the necessity of an
Page
Abrasives, paper and cloth
59
Acetate of lime, production, shipments, etc
71
Acid phosphate, production, stocks,
etc
73
Acid, sulphuric, price and exports. 73, 116
Active textile machinery
32, 35
Advertising:
Magazine and newspaper
43, 113
Rentals, Minneapolis and Portland, Oreg
60
Agriculture:
Production, index numbers
26
Price indexes
29
Agricultural implements:
Patents granted
„_ 41
Sales, Northwest
40
Agricultural loans
120
Agricultural pumps, shipments
41
Alcohol, ethyl, and wood (methanol) _ 70
American Telephone & Telegraph
Co., stockholders
123
Animal fats, greases, and derivatives,
production,
consumption,
and
stocks
74
Animal glues, production and stocks-_ 74
Animal products:
Price index
29
Production, index numbers
26
Apples:
Production (crop estimate)
77
Stocks and shipments
81
Architectural terra cotta
68
Argentina:
Flaxseed and grain, exports, visible supply
76
Foreign exchange rates
124, 125
Arsenic, crude and refined
40
Automobiles:
Accessories, sales
.„
43
Foreign assemblies
42
New car registrations
43
Production and exports
42, 145
Taxes
42
Tires and tubes
55
Babbitt metal, consumption
43
Bad-order cars
95
Bad-order locomotives
93
Banks:
Clearings, Canada
130
Clearings, condition, debits, and
interest rates
118, 147
Failures
122, 148
Farm loan
120
Savings deposits
116, 149
Barley:
Exports, prices, receipts, and
stocks
80, 139
Production (crop estimate)
77
Barrels, steel
40
Basic commodities, index numbers-. 26
Baths, enamel, orders, etc
46, 140
Beef,
consumption,
cold-storage
holdings, exports, production, and
prices
85, 142
Belgium, foreign exchange rates_ 124, 125
Belting, leather, sales.._
53
Benches, piano
65
Bonds:
Canadian issues
130
Held by life-insurance companies
115
New issues
120, 147
Prices, sales, and yields
119, 147
Real estate, issues and rates
121



tables (pp. 26—151) only. Items in the text are arranged in groups which should make
index. See also " Table of Contents/' page 1.
Page Cheese:
Page
Books, publication
56
Exports from Canada
130
Production, receipts, prices, and
Book paper, production, etc
58
holdings
87
Boots and shoes:
Exports and prices
53, 137 Chemicals:
Production
53
Exports, imports, and prices. _ 72, 73,
Boston:
140
* Milk receipts
87
Price index
28, 49
Wool receipts
32, 132
Wood distillation
71
Boxboard, production, receipts, etc.. 57 Childs Co., restaurant sales
107
Boxes, paper, production, etc
57, 59 Chile:
Foreign exchange rates
124, 125
Bradstreet's price index
28
N itrate prod action
73
Brass faucets, orders and shipments_ _ 44
China, vitreous, plumbing fixtures 67
Brazil:
Coffee, receipts and clearances- 89, 143 Cigars and cigarettes:
Foreign exchange rates
124, 125
Consumption, and exports. _ 82, 144
Brick, production, stocks, etc_ 68, 69, 139
Sales, chain stores
104
British India, foreign-exchange rates. 124,
Citrus fruits, car-lot shipments
81
125 Clearings, bank:
Building:
Canada
130
Contracts awarded, Canada
129
United States
118, 147
Clothing:
Contracts awarded, U n i t e d
States
61
Cost index numbers.
28, 30
Cost and volume indexes
60
Production, stocks, etc
33
Building materials:
Coal:
Price index
28, 60, 139
Canada, production
129
Unfilled order index
27
Loadings, freight cars
94
Prices, production, stocks, exBurlap, imports
36
ports, etc
47, 136
Business failures:
Retail price index
30
Canada
130
United States
122, 148 Coconut oil, production, stocks, etc. 75
Butter, production, receipts, etc
87 Coffee, imports, stocks, and Brazilian
Buttons, pearl, production and stocks 35
movements
89, 143
Coke, production, exports, and
California redwood lumber, producprices
47, 136
tion, shipments, etc
63 Cold-storage holdings:
Apples
81
California white-pine lumber, production, shipments, etc
63
Butter and cheese
87
Eggs, poultn/, and
fish
89
Canada:
Meats
I
84, 85
Automobiles, production and
69
exports
42 Concrete pavements, contracts
86
Employment and industry
129 Condensed and evaporated milk
118
Finance and trade
130 Condition, banks
Foreign exchange rates
124, 125 Construction, building:
Canada, contracts
129
Oats and oatmeal
80
Contracts awarded
. _ 61
Wheat, stocks and exports
79
Cost and volume indexes
60
Wheat flour production
78
29
Canals, traffic through
91 Consumers' prices
Candy, sales
104 Containers:
Glass, production, etc
67
Cape Cod Canal, traffic
91
Paper, production, etc
57
Capital issues and c o n v e y a n c e s ,
internal-revenue taxes
107 Copper, exports, prices, production,
etc
44, 135
Capital stock transfers, internalrevenue taxes
107 Copra oil, consumption and stock. 74, 75
Corn:
Cars, railroad:
Production (crop estimate)
77
Loadings, shortage, and surplus. 94
Receipts, grindings, exports,
New orders
96
etc
79, 141
Shipments, orders, installations,
etc
95, 145 Corn oil, production, consumption, 75
and stocks
74,
Castings:
Malleable
40 Corporations:
Newr security issues. Canada
130
Steel
38, 134
New security issues, United
Cattle:
States
:
120, 121
Receipts, s h i p m e n t s , a n d
Profits and stockholders
123
slaughter
83 Cost of living, indexes
30
Wholesale prices
83, 142 Costs, building construction
60
Cement production, stocks, shipments
Cotton:
and prices
69, 139
Consumption, receipts, exports,
Cereals:
etc
34, 131
Production-.
77
Prices
31, 131
Receipts, visible supply, etc
79,
Spindles, activity, etc
35
80, 141 Cotton fabrics:
Chain stores, sales
107
Cloth, exports
35
Check payments:
Consumption by tire manuCanada
130
facturers
55
United States
118, 147
Fine goods, production
35
(156)

157
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 26-151) only. Items in the text are arranged in groups which should make
references easy without the necessity of an index. See also " Table of Contents/' page 1.
Cotton fabrics—Continued.
Prices, wholesale, print cloth and
sheetings
31, 131
Cotton goods, finished, billings, shipments, etc
35
Cotton yarns, wholesale prices
31, 131
Cottonseed, stocks
76
Cottonseed oil:
Production, consumption, and
|
stocks
75, 76 I
Wholesale price
76, 140 !
Credit conditions by trades
112 j
Crops:
Cotton
34
Food, production and value
77
Prices, index numbers
29, 131
Production, index numbers
26
Tobacco
82
Crude petroleum, production, stocks,
etc
48, 133
Cuba, sugar movement
88
Customs, receipts
117, 149
Cypress, Southern, production, etc__ 65
Dairy products
29, 87
Debits to individual accounts
118
Debt, United States Government
117
Delaware, employment
99
Delinquent accounts, electrical trade 112
Department stores:
Sales
108
Stocks, value of
109
Detroit, employment
99
Dividends, Fall River testile mills 35, 131
Douglas-fir lumber, production, shipments, orders, etc
62
Dress goods, wholesale price
31
Drugs:
Sales, chain stores
104
Wholesale trade
110
Dry goods, wholesale trade
112
Dun's price index
28
Dyes and dyestuffs, exports
72
Earnings:
Corporations, classified
123
Express companies
92
Gas and electric companies
97
Labor
101, 103
Public utilities
97
Railroads
92
Telegraph and telephone companies
__ 97
United States Steel Corporation
38,134
Eggs, receipts and cold-storage holdings
89
Elastic webbing, sales
36
Electric locomotives, quarterly shipments
93
Electric power, production and sales- 97
Electric trade, delinquent accounts. _ 112
Electric trucks and tractors, shipments
43
Emigration
96
Employment:
Agencies, State and municipal __ 99,
100
Canada
129
Factory, Federal, mines and railroads
98
Factory by States
99
Enameled ware, orders, shipments,
and stocks
46, 140
Engines, internal-combustion, patents granted
41
England. (See United Kingdom.)
Equipment, foundry, orders, sales,
and shipments
41



Page
73
70

Food—Continued.
Wholesale prices, index
28
Stocks, index
27
Foreign exchange rates
124, 125
149 Foreign trade:
Canada
78, 130
United States exports
78, 125, 151
72
United States imports
128, 150
Vessels in United States ports 90, 144
92 Forest products:
Car loadings
94
Price index
29
Fabricated steel plate, bookings
39
Production index numbers
26
Fabricated, structural steel, bookings
arid shipments
39, 134 Foundry equipment, orders, sales,
and shipments
41
Fabrics, rubber-proofed
55
Face brick
68 Foundry iron, Ohio, stocks, meltings,
and receipts
40
Factories:
Employment
98, 99 France, foreign exchange rates__ 124, 125
Payrolls
99, 102 Freight cars:
Bad-order, loadings, shortage,
Time operated
102, 103
and surplus
9*
Failures, business:
Shipments, installations, orders,
Canada
130
etc
95, 145
United States
122, 148 Freight rates, ocean
90
Fall River, textile mill dividends. 35, 131 French serge, wholesale prices
31
Farm implements:
Fruits:
Patents granted
41
Farm prices
29
Sales, Northwest
40
Shipments, car-lot
81
Farm loans
120 Fuel:
Farm mortgages, held by life-insurConsumption, production, etc_~ 47,
ance companies
115
48, 49, 50, 133, 136
Cost of, index numbers
28, 30
Farm products:
36
Price indexes
28, 29 Fur, sales and purchases
Production indexes
28 Furnishings, cost of, index numbers. _ 30
Farm wages
100 Furniture, household, shipments, unfilled orders, etc
65
Faucets, brass, orders and shipments. 44
39
Fats, animal, grease and derivatives. 74 Furniture, steel, shipments, etc
Federal-aid highways
69
Federal farm-loan banks, loans
120 Gas and electric companies, earnFederal intermediate credit banks,
ings
97
loans
120 Gas and fuel oils, consumption, proFederal reserve banks, condition
118
duction, stocks, and prices
50, 133
Federal Reserve Board:
Gasoline, consumption, exports, price,
Foreign exchange index number. 124
production, stocks, etc
49, 133
Production indexes
26 Glass, production, etc
67
Glues, animal, production and stocks. 74
Federal Reserve districts:
Department-store trade
108, 109 Gold, receipts, exports, imports, and
Rand output
117, 149
Chain-store sales
104, 105
Savings deposits
116 Government finances, debt, etc. 117, 149
Wholesale trade index numbers. Ill Grains:
Exports, receipts, prices, etc
80,
Felt, roofing, production and stocks. 72
13% 141
Fertilizer, exports, consumption,
Farm price indexes
29
etc
73, 140
Loadings
94
Fiber, imports
36
Production (crop estimates)
77
Fine paper
58
Finishing cotton
35 Grease, production, consumption, and
stocks
74
Fire losses
60
Great Britain. (See United KingFirearms and shells, internal-revenue
dom.)
taxes
107
Groceries:
Fish, catch, and cold-storage holdSales, chain stores
104
ings
89, 142
Wholesale trade
110
Fish oil, production, consumption
and stocks
75
Flaxseed:
Hardware, wholesale trade
111,112
Consumption and
quarterly
Hardwood
lumber, production,
stocks
74
stocks, etc
64, 65
Exports and visible supply,
Hay:
Argentina
I _ 76
Production (crop estimates)
77
Receipts,
shipments,
and
Receipts
80
stocks
76, 140 Heels, rubber
55
Flooring, production, shipments, etc_ 66 Hides and skins, imports, prices,
Floor and wall tile
68
stocks
i
51, 137
Flour, wheat, production, consumpHighway construction
69
tion, and stocks, etc
78, 79 Hogs, receipts, prices, shipments, and
Folding boxes, orders
59
slaughter
83, 142
Food:
Hosiery, production, stocks, e t c _ _ _ _ 33
Exports
128, 151 Hours worked by labor
102
Imports
128, 150 House furnishings, price index
28
Retail prices, index
30 i Household furniture
28, 65

Essential oils, wholesale price index__
Ethyl alcohol
Expenditures, United States Government
117,
Explosives, production, shipments,
stocks arid sales
Exports. (See Foreign trade, and
individual commodities.)
Express earnings

158
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 26-151) only. Items in the text are arranged in groups which should make
references easy without the necessity of an index. See also "Table of Contents/' page 1.
Page
Linseed oil:
Production, consumption, and
New security issues
120, 147
stocks
75 Newspaper advertising
43; 113
Shipments
76, 140 Newsprint paper:
Linseed-oil cake, shipments
76, 140
Canada, production
129
Ice cream, production
87 Livestock:
Production, stocks, imports,
Illinois, employment and earnings
99
Loadings
94
prices, etc
56, 138
Illuminating glassware, production,
Prices, index numbers
83, 142 New York City:
etc
67
Receipts, shipments, and slaughBank clearings and debits. _ 118, 147
Immigration
96
ter
83
Milk receipts
87, 142
Imports. (See Foreign trade, and inLiving, cost of
,__ 30 New York State:
dividual commodities.)
Loadings, freight cars_~
_ _ _ 94
Canal traffic
91
Incorporations, new
120, 147 Loans:
Employment and earnings.__ 99, 101
Indebtedness, wholesale trade
112
Agricultural
120
Savings-bank deposits
116, 149
Bank
118 New York Stock Exchange, sales. 119, 147
India. (See British India.)
Life-insurance policies
114 Nitrate of soda, imports and producIndustrial corporations:
Dividend payments and failures. 122, Locomotives, exports, shipments,
tion
73, 140
148
etc
93, 145 North Carolina pine lumber, producNet profits
123 Losses:
tion and shipments
62
Stock and bond prices
119, 147
Business
122, 130, 148 Northern hardwoods, production and
Fire
60
Insurance, life:
shipments
65
Assets, and sales by districts
115
Ships
90, 144 Northern hemlock lumber, producNew business and premium colLubricating oil, production, stocks,
tion and shipments
63
lections
114, 146
consumption, and price
50, 133 Northern pine lumber, production,
Interest rates
118, 121, 147 Lumber, production, exports, stocks,
shipments, etc
63
prices, etc
62, 66, 138
Internal-revenue taxes:
Automobiles
42
Oak flooring, production, shipments,
Firearms,
jewelry,
theaters,
stocks, etc
66, 138
McCrory Stores Corporation, sales_ 106
bonds, stocks, etc
107 Machine tools, new orders
41 Oats:
Iron and steel (see also Pig iron and
Machinery, sales, etc
41
Exports, price, receipts, etc.. 80, 139
steel):
Machinery activity, textile mills_ 32, 131
Production (crop estimate)
77
Crude steel, production, stocks,
Magazines, advertising
113 Ocean transportation
90, 144
prices, etc
38,134 Mail-order houses, sales
113 Ohio, foundry iron, stocks, receipts,
Enameled sanitary ware
46, 140 Malleable castings, production, shipetc
40
Exports and imports
39, 134
ments, and
40 Ohio River, cargo traffic
91
Fabricated steel products
39, 134 Manufactures:orders
Oils:
Malleable castings
40
Exports
128, 151
Essential, wholesale price index. 73
Pig iron, production, stocks,
Imports
128, 150
Petroleum and products 48,49, 50,133
prices, etc
37,133
Production, index numbers
26
Vegetable and
fish
75, 76, 140
Railway equipment __ 93, 95, 97, 145
Stocks, index numbers
27 Oil wells completed
48, 133
Unfilled order index
27 Maple flooring, production, shipOleomargarine, production and conVessels, construction
90
ments, stocks, etc
66
sumption
76, 140
Iron, foundry, Ohio
40
81
Iron ore, shipments, stocks, etc.. 37, 133 Massachusetts, employment and 99 Onions, car-lot shipments
earnings
Optical goods, sales, etc
67
Issues, new capital
120, 121 Meats:
Orders, new. (See individual comItaly, foreign exchange rates
124, 125
Farm prices
29
modities.)
Wholesale trade
112 Orders, unfilled, index (see also indiJapan, foreign exchange rates. _ 124, 125
Production, cold-storage holdvidual commodities)
28
Jewelry, watches, and clocks, interings, etc
85, 142
(see
133
nal-revenue taxes
107 Men's and boys' clothing, production, 33 Ore, car loadingssales also Iron ore) _ 94, 107
Owl Drug Co.,
Joint-stock land banks, loans
120 Metals and minerals:
Price index
28 Panama Canal, traffic
91
Kerosene oil, production, consumpProduction index numbers
26 Paper:
tion, stocks, etc
49, 133 Methanol, production, shipments,
Book, fine, wrapping, etc
58
Knit underwear, production, shipexports, stocks, and price
70, 71
Boxboard and boxes
57
ments, etc
33 Mexico, petroleum shipments and
Newsprint, production, etc
56
Kresge, S. S., Co., sales
106
stocks
48
Pulp and paper products.
59
Kress, S. H., & Co., sales
106 Milk, production, receipts, etc_ 86, 87, 142 Parks, national, visitors
96
Minerals:
Passenger automobiles
42, 43
Labels, paper, orders
59
Price index numbers
29 Passenger cars, railroad orders, shipProduction index numbers
26
Labor:
ments, etc
96
87 Passports issued
Earnings and hours
101, 103 Minneapolis, milk production
96
91 Patents granted
Employment and wages
100 Mississippi River, cargo traffic
41
Money in circulation
117, 149 Paving brick, production, shipments,
Lamb, cold-storage holdings, pro113
duction, etc
85, 142 Montgomery Ward & Co., sales
stocks, etc
69
Land banks, loans
120 Municipal securities:
Payments, check
118, 147
Canadian issues
130 Payments, dividend and interest. 122, 148
Lavatories,
enamel,
shipments,
New issues
120, 121, 147 Pay roll, factories
orders, etc
46
99,102
Yields
119, 147 Peanut oil, production, consumpLead, production, receipts, ship104
ments, prices, etc
45, 135 Music sales, chain stores
tion and stocks
75
Leather:
Peanuts, hulled, consumption, stocks. 74
Exports, prices, production,
National advertising in newspapers._ 43 Pearl buttons, production and stocks. 35
etc
_
52, 137 National parks, visitors
99
96 Pennsylvania employment
Glove, production and stocks-- 53 Naval stores, receipts and stocks
72 Pennsylvania Railroad Co., stockProducts
53, 137 Netherlands, foreign exchange rates. 124,
holders
123
107
125 Penney, J. C., Co., sales
Life insurance:
120, 147 Petroleum:
Assets and sales by districts
115 New incorporations
Crude
48, 133
New Jersey employment
99
New business and premium
Refined
49, 50, 133
43
collections
114, 146 New passenger car registrations
Housing:
Construction
Cost of, index numbers
Rental advertisements




61
30, 60
60

159
GENERAL INDEX—Continued
Pa,ge numbers refer to data in detailed tables (pp. 26—151) only. Items in the text are arranged in groups which should make
references easy without the necessity of an index. See also "Table of Contents/' page 1.
Page Q
Phosphate, acid, production, consumption, and stocks
73
Piano benches and stools
65
Pig iron:
Prices, production, etc
37, 133
Production, Canada
129
Plumbing fixtures:
Price index and sales
44
Vitreous china, shipments, e t c _ _ 67
Plywood, bookings, shipments, e t c _ _ 65
Policy loans, life-insurance companies
115
Pork products, consumption, holdings, exports, production, e t c _ _ 84, 142
Postal money orders
113
Postal receipts
113
Postal savings
116, 149
Potash, imports
73, 140
Potatoes:
Car-lot shipments
81
Production (crop estimate)
77
Poultry, receipts and cold-storage
holdings-- 89
Powdered milk
87
Power, electric, production and sales. 97
Prepared roofing, shipments
72
Prices:
Brick
68, 139
Butter and cheese
87
Cement
69, 139
Coal and coke
47, 136
Copper
44, 135
Drugs and chemicals
71,
72, 73, 76, 140
Flour
79, 141
Grains
78, 80, 139, 141
Hides and leather products._ 51. 137
Lumber
62, 66^ 138
M eat s
29
Milk
86
Nonferrous metals
44, 135
Petroleum and products
48,
49, 50, 133
Pig iron
37, 133
Rubber
54, 137
Silver
117, 149
Steel
38, 134
Sugar
88, 143
Textiles
31, 131, 132
Tobacco
82, 144
Price indexes:
Building and construction costs,. 60
Drugs and chemicals
73
Farm
29
Foreign exchange
124
Plumbing
fixtures
44
Retail food
30
Stocks arid bonds
119, 147
Wholesale, classified
28, 29
Printing activity
56
Producers' prices
29
Production, index (see also individual
commodities)
26
Profits. (See Earnings.)
Public
finance
117, 149
Public utilities:
Bond prices
119
Contracts awarded
61
Earnings, production, etc
97
Pumps
41
Pyroxylin-coated textiles
36
Railroads:
Dividend payments
122, 148
Employment
98
Financial operations and traffic
92, 145
Freight-car movement
94
Fuel consumption
47, 50
Stock and bond prices
119, 147



Page
Railway equipment, shipments,
and orders
93, 96, 145
Rand, gold output
117, 149
Raw materials:
Exports
128, 151
Imports
128, 150
Production index
26
Price index
29
Stocks index
27
Real-estate conveyances
60
Receipts, U. S. Government
117, 149
Registrations, automobiles
43
Rent, advertisements
60
Restaurants, sales
107
Retail prices:
Coal
47
Food and coal indexes
30
S ugar
88
Retail trade
104-109, 113
Rice:
Exports, imports, receipts,
shipments, and stocks
81, 143
Production (croo estimate)
77
River traffic
1__T
91
Roads, construction
69
Roofing, production, stocks
72
Rope paper sacks, shipments
59
Rosin, receipts, stocks, and prices
72
Rubber, consumption, imports,
prices, etc
54, 137
Rye:
Exports, price receipts
80, 139
Production (crop estimate)
77

Steel—Continued.
Page
Exports and imports
39, 134
Fabricated products
39, 134
Ingots, castings, sheets, prices,
etc
38,134
Production, Canada
129
(Stockholders, corporations
123
Stocks, commodity, index numbers
(see also individual commodities) __ 27
Stocks, corporation:
New issues
120
Prices and sales
119, 147
Stokers, mechanical, sales
41
Structural steel:
Fabricated, sales
39, 134
Prices, beams
38, 134
Suez Canal, traffic
' 91
Sugar, meltings, stocks, receipts.- 88, 143
Suitings, wool, wholesale price
31
Sulphuric acid, exports and wholesale
price
73, 140
Sweden, foreign exchange rates._ 124, 125
Switzerland, foreign exchange rates._ 124,
125

Taxes, internal-revenue
42, 107
Tax-exempt securities
120
Tea, imports
89, 143
Telegraph and telephone, revenue and
earnings
97, 123
106
Ten-cent stores, sales
68
Terra cotta, bookings
Textiles:
Burlap and fibers
36
Cotton
34, 131
Sales (see also individual commodiClothing, production, etc
33
ties) :
Dividends, Fall River mills._ 35, 131
Chain stores
105
Finished cotton goods
35, 131
Department stores
109
Hosiery and knit underwear
33
Wholesale, by districts
110, 111
Machinery activity
32, 36, 131
Sales books, shipments
56
102
Pay roll and hours
Salmon, canned
89, 130
Prices, wholesale
31, 131, 132
Sanitary ware, orders, shipments,
Silk
36, 132
and stocks
4-6, 140
36
Webbing, elastic
Sault Ste. Marie Canal traffic
91, 144
Wholesalers, credit conditions.. _ 112
Savings deposits
116, 149
Wool
32, 132
Schulte, A. (Inc.), sales
107
Sears, Roebuck & Co., sales
113 Theater admissions, internal-revenue
107
taxes
Securities:
Tile, production, stocks, prices, and
Held by life-insurance com68
shipments
panies
115
New issues
120, 121, 147 Tin, consumption, imports, prices,
and stocks
45, 135
Prices and sales
119, 147
Tires, production, stocks, and shipSheep:
55
ments
Receipts, shipments, and slaughter
83 Tobacco, production, exports, prices,
etc
82, 144
Wholesale price
83, 142
41
Shelter, prices of, index numbers
30 Tools, machine, new orders
43
Shipping
90, 144 Tractors, electric industrial
Shipments. (See individual comTrade:
modities.)
130
Canadian
Shoes:
Foreign, United States. 126, 128, 150
Production, prices, etc
53, 137
Retail
107, 109
Sales, chain stores
104
Wholesale
110, 112
Wholesale trade
111 Trucks:
Silk, raw:
Automobile, production
42
Consumption, imports, stocks,
Electric industrial
43
etc
36, 132 Tubular plumbing, sales
44
Price
31 Turpentine, receipts, prices and stocks 72
Silver, exports, imports, production,
and prices
117, 149 Unfilled orders, index (see also inSinks, enameled
46
dividual commodities)
27
Southern cypress, production, shipUnited Cigar Stores Co., sales
107
ments, orders
65
United Kingdom:
Southern pine, lumber, production,
Fire losses
60
shipments, etc
62
Foreign-exchange rates
124, 125
Spectacle frames and mountings,
116, 149
sales and unfilled orders
67 United States, postal savings
United States Government, debt,
Steel:
receipts, and expenditures
\ 17, 149
Barrels and drums
40

160

GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 26-151) only. Items in the text are arranged in groups which should make
references easy without the necessity of an index. See also "Table of Contents/' page 1.
Page
United States Steel Corporation:
Earnings, unfilled orders
38, 134
Stockholders
123
Wage rates
100
Vegetables, car-lot shipments
81
Vegetable oils:
Exports arid imports
76, 140
Production, consumption, and
stocks, etc
75, 140
Vessels:
Construction, clearances, etc_ 90, 144
Fuel consumption
47. 50
Vitreous china plumbing
fixtures
67
Wages, farm and common labor
Waldorf System, sales
Walnut, lumber and logs




100
107
64

Page
War Finance Corporation, loans
120
Ward, Montgomery, & Co
113
Washing machines, electric, sales
41
Webbing, elastic, sales
36
Western pine lumber, production,
shipments, and stocks
63
Wheat:
Exports, receipts, visible supply, etc
i
79, 141
Production (crop estimate)
77
Wheat flour, production, consumption, etc._.'
78, 141
Wholesale prices, index numbers
28, 29
Wholesale sales
110, 111
Wisconsin employment and earnings _ 99
Women's dress goods, wholesale
price
31
Wood consumption and stocks.
chemical plants,
71

.t'age
Wood furniture
65
Wood pulp
59, 138
Wool:
Prices, wholesale
31,132
Receipts, imports, consumption,
stocks, etc
32,132
Woolworth, F. W., Co., sales
106
Work clothing, cut, shipments, returned stocks
33
Workers, registered
100
Worsted yarn, wholesale price
31, 132
Wrapping paper
58
Yields, bonds.
Zinc, price, production,
shipments, and stocks

119,147
receipts,
45. 135

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Circular jfcToV ^5. t S V ~ - ' , ' - ' , .^\v'.,. ,
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BUREAU OF FOREIGN AND DOMESTIC
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Monthly Summary of Forei^\Commerce of the Uniteji
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EPERBERT^HOOVER, Secretary of Commerce

CHIEF FUNCTIONS OF BUREAUS
BUREAU OF FISHERIES
BUREAU OF THE CENSUS
.WILLIAM MvBtEXTAUT, Director

-. 1 The taking of the decennial census covering population, agri;" culture, manufactures; mines;ano! quarries, and forest products ,
;, pecenriial report oh health; public debt, and taxation, inciudv
ing principal financial statistics on Federal, State, county, city,
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and township governments.
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Aniiual financial statistics of State and municipal governments—-Sources of revenue? objects of payments, debt, tax levies.
Decennial statistics i. relating 1x> inmates of institutions, ineliding paupers, insane,, prisoners, and juvenile delinquents. J
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A: census of agriculture m each: mitjdecennial year, a biennial
^census of manufactures, a quinquennial census of electrical
-public utilities, statistics of marriage and divorce.
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, ^ Annual statistics of births, deaths, causes of 4eath/£te., m
/< ifche registration area of the IJnited^States* ,,
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*•; Quarterly or monthly statistics of Cotton, tWool, tobacco,
feia^r a^d ^many other iiadu§tries. r
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\/The compilation and publication, in the ^Survey of Current
v Biiisiness,*' of monthly commercial and industrial; statistics.

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HENRY O' MALLET, Commissioner
The propagation and distribution of food fish and shellfish.
Investigations to promote conservation of fishery resources,
the development of commercial fisheries, and aquiculture.
, Study of fishery methods, improvements in merchandising
and elimination of waste and the collection of fishery statistics.
Administration of Alaska fisheries and fur seals and the law
on the protection of sponges off the coast oft Florida.

BUREAU OF LIGHTHOUSES
{GEORGE RJ PUTNAM/ Commissioner
The rnaintenance of lighthouses and Other aids to , navigation
marking the nayjgable waters of the United States.
The publication of I4$ht Lists, Buoy Lists and Notices to
Mariners, giving information regarding these aids to navigation.

CQAST AND GEODETIC SURiVEY

E. LESTER JoNEB,|Director
The survey of the coasts of the United States and publication
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of the charts>needed for the navigation of the adjacent waters,
C The compilation , of timely information concerning world
including Alaska, the Philippine Islands, Hawaii, Porto Rico,
* market conditions arid .openings for American products in for- the Virgin Islands, and -the Canal Zone.
eign countries secured through Commercial Attache's, tirade com^ ; A geodetic system covers the country and coordinates the
missidners and consular officers. The distribution of such
surveys of the coasts arid furnishes accurately determined
information to American business through weekly "Commerce
control points ^nd elevation?. These are available for Federal,
reports*'* special bulletins* conMeiitial circulars, the news and
State, and other silrveys and engineering projects. Magnetic
trade press, correspondence,Tand personal contact.
/declination results are for use qf\ surveyors and engineers
, The maintenance of commodityr technical, aid regional
throughout all parts of the country.
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'^visions to afford special ^eryice to American export industries.
The work of the bureau includes base measures, triangula;
- The compilation arid distribution >f names of possible buyers : tion, precise leveling, latitude^ longitude, azimuth: and magand agents for American products in all parts of the yofld and
netic observations and researches, magnetic maps, gravity,
tppography, hydrography, tide, and current observations.
; publication of weekly lists of .specific sales opportunities abroad.
Tlie maintenance of district and cooperative offices in 33 cities
The results are published in the form of charts, annual
, in tie United States to expedite delivery of market information, reports, coast pilots, tide tables, current tables, digests^of
^ TJhe \pufolicatidn of oflfieTia^ statistics on impdrtsiand exports* publications and special publications.
: The «rfiudy of the processes of domestic trade ^nd donamefce.

AND DOMESTIC COliffMERCE
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GBORQB fc iufitjisss,/ Director
Custody/ developinent dnd CQnstniett^ of stan(Jards of
(iaea^urecaent, qu$lity^ performanee or.prafeUce, comparison of
standards used by scientj%c or other, institutions,
; IJetermination of ^physical constants and properties of
materials. • • ,
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The testing of material^ and esfetblishment of standards and
propessej? in cooperatioii with commercial firms or organization.
Beseeches covering i^dustrlal;l3aat^rials and processes.
The .collectipn; an4 Wsseiiiinatioii of mformatipn coneernmg
building cpde?v^nd plafii$hg and construction df houses.
Establishment of simplfi^ eoretmereial praotipes^ through
^ooperaUv^ business .organizations.
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The bureau publishes eight series of scientific and technical
publications, reporting tb$ results of its Researches and giving
technical data fuhckmenjfcai to science^ and industry.
: ;, Th«? director has supeivisidn of the preparation of technical
specifications ihrou^fci the Federal Specifications Board,

BtJItBAIJ OF MINES
T0RNBB, Director
Technical investigations in mining preparation and utilfiatioa of mineral su6stenq&s, with a view to increase of safety,
h^lth and efficiency in the mineral ta^stries, including the
study of mine hazards, and, safety Methods, and of improved
i methods in the prodtielbion and use of petroleum, niatural gas,
coal, ores, and monnietaUielQameifals. , :
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Testing of fue^ purchased fey tne Government and manage, ipefct of the Croverninenir lU€^ Yard >t Wa^itigton.
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. ;Researeh on! heUuni and opeiraMon of |>ltotsJor production of
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in the economics aptd marketing of minerals and
collection of statistics on mineral resoufces and mine accidents,
The dissemination of results of technical and economic
researches iii bulletins, teelinicai -papers, mineral reg
series, miners' circulars, and miseelj^xieoiis publications.




BUREAU OP NAVIGATION
IX B. CARSON," Commissioner
Superintendence of commercial marine and merchant seamen.
Supervision of registering,, enrollingr licensing, numbering,
etc., of vessels, under the United States flag, and the annual
publication of a list of such vessels.
The enforcement of the navigation and steamboat inspection
laws and the laws governing radio communication, as well as
duties connected .with fees, fines, tonnage taxes, refunds, etc.,
originating under such laws.

STEAMBOAT INSPECTION^SERVICE
DiCKERsotf &;!HpovBB, Supervising Inspector General
The inspection of vessels, the licensing of the officers of vessels, and the administration of laws relating to such vessels and
* their officers. The certification of able seamen and lifeboat
men who form the crews of merchant vessels.
The inspection of vessefe, including the typejs of boilers; the
testing of all materials subject to tensile strain in marine boilers;
the inspection of hulls and of life-saving equipment.
, The investigation of violations df steamboat-inspection laws.

STATES PATENT OFFICE
THOMAS JE, RoBBKTsoN^Cqmmisaioner
. Supervision of the, granting of patents and the registration of
trade marks, prints #,hd labels, including technical examination
$nd judicial proceedings; ,
Maintenance of library with public search yoom, containing
copies <>f all published foreign patents, as well as United
- States patents and trade-marks. Maintains recording office of
bills of sale, assignments, etc., relating to patents and trademarks. furnishes copies of all records pertaining to patents.
Publication of th£ "Official Gazette" weekly showing the
patents and trade-marks issued. .