Full text of Survey of Current Business : February 1927
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
•",,-;*',<;*&"' ,- n> . ;?>"' <* ' , "' >1^ "' • , V*Vv:$& •»:'&& ..^m' ' ?'J'>r ;-; r-<r ";0IfK UNITED STATES DEPARTMENT OF COMMERCE ' WASHINGTON > SURVEY OF CURRENT BUSINESS .- " ' '>*' y*';;^f$ ; ^ " *v^ • \ , -* >; FEBRUARY, 1927 No. 66 *• " '» "" '* V i- '^"^'-^ { .' ' ' ' ^" I y ,;/-, '- '^ffi( 'r COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS i V '':*:'* r.vi;-'^^ 1 T"mrT\/^ ni* A TVTI* "W/^T^T/^TJ IMPORTANT NOTICE In addition to figures given from Government sources, there are also incorporated for completeness of service figures from other sources generally accepted by the trades, the authority and responsibility for which are noted in the "Sources of Data" on pages 135-138 of the present issue \ \ \f ^ V r t ,;;..^^v^ ; ; ,'i'^ f-^ ," V i^^v'il >v Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents; semiannual issues, 25 cents. Foreign subscriptions, $2.25; single copies (monthly issues), including postage, 14 c^nts; semiannual issues, 36 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the SURVEY, $5.50 a yeaj. Make remittances only to Superintendent of Documents, Washington, D. C., by postal money order, express order* Or, New/ York draft. Currency at sender's risk. Postage stamps or foreign money not accepted v . «> ; , s * ^ . T ' ^ l*»i*' » -.'-•;-• •',- '--A& WA8HINQTON : GOVERNMENT FRINTINQ OFFICE : 1027 • ' '-.••;:-•.->,•' ---^ '" - / / i . , i'>?./..A-1.V.-7C INTRODUCTION The SURVEY OF CURRENT BUSINESS is designed to present each month a picture of the business situation by setting forth the principal facts regarding the various lines of trade ana industry. At semiannual intervals detailed tables are published giving, for each item, monthly figures for the past two years and yearly comparisons, where available, back to 1913; also blank lines sufficient for six months have been left at the bottom of each table enabling those who care to do so to enter new figures as soon as they appear (see Tames l-l 10). In the intervening months the more important comparisons only are given 9in the table entitled "Trend of business movements/ \ ADVANCE SHEETS Realizing that current statistics are highly perishable and that to be of use they must reach the business man at the earliest possible moment, the department has arranged to distribute advance leaflets evefry week to subscribers in the United States. The leaflets aria usually mailed on Tuesdays and give such information as has been received during the preceding week. The information contained in these leaflets is also reprinted in "Commerce Reports/1 issued weeH^ by the Btirfeau of Foreign and Domestic Commerce. The monthly bulletin is distributed as quickly as it can be completed and printed. BASIC DATA The figures reported in the accompanying tables are v^y i$rgely those already in existence. The chief function of the department is to bring together these data which, if available at all, are scattered in hundreds of different publications. A portion of these <Ia^ ara collected by Government departments, other figures are compiled by technical journals, and still T others ipe repotted by trade associations. RELATIVE NUMBERS 1 To facilitate comparison between different items and render the trend of a movement more apparent, relative numbers (often called "index numbers," a term referring more particularly to a special kind of number described below) have been calculated. The relative numbers enable the reader to see at a glance the general upward or downward tendency of a movement which can not so easily be grasped from the actual figures. In computing these relative numbers the last prewar year, 1013, or in some instances a five-year average, 1909-1913, has been used as a base equal to 100 / ipiereve* poejdme. • fhe illative numbers are computed by allowing the monthly average for the base year or period to equal ,100. If the movement for a current month is greater , than the base, the relative number will be greater than 100, and vice versa. The difference between 100 and the relative number will give at once the per cent increase or decrease compared with the base period. Thus a relative number of 115 means an increase of 15 per cent over the base period, while a relative number of 80 means a decrease of 20 per cent from the base. Relative numbers may also be used to calculate the approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative number at one month is 120 and for a later month it is 144 there has been an increase of 20 per cent. In many instances comparable figures for the prewar years are not available, and in such cases the year 1919 has usually been taken as the base. For some industries 1919 can not be regarded as a proper base, due to extraordinary conditions in the industry, and some more representative period has been chosen. In many cases relative numbers of less importance have been temporarily omitted. Most of the relative numbers appear, in a special section of the semiannual issues, as in Tables 111 to 131 of the present number, thus allowing easy comparison on a pre-war base for all items for which relatives could be computed. INDEX NUMBERS When two or more series of relative numbers are combined by a system of weightings the resulting series is denominated an index number. The index number, by combining many relative numbers, is designed to show the trend of an entire group of industries or for the country a6 a whole, instead of for the single commodity or industry which the relative number covers. Comparisons with the base year or with other periods are made in the same manner as in the case of relative numbers, BATIO CHARTS In many instances the charts used in the SURVEY OB> CURRENT BUSINESS are of the type termed "Ratio Charts" (logarithmic scale), notably the Business Indicator charts on page 2. These charts show the percentage increase and allow direct comparisons between the slope of one curve and that of any other curve regardless of its location on the diagram; that is, a 10 per cent increase in an item is given the same vertical movement whether its curve is near the bottom or near the top of the chart. The difference between this and the ordinary form of a chart can be made clear by an example. If a certain item, having a relative number of 400 in one month, increases 10 per cent in the following month, its relative number will be 440, and on an ordinary chart would be plotted 40 equidistant scale points higher than the preceding month. Another movement with a relative number of, say, 50 also increases 10 per cent, making its relative number 55. On the ordinary (arithmetic) s6ale this item would rise only 5 equidistant points, whereas the previous item rose 40 points, yet each showed the same percentage increase. The ratio charts avoid this difficulty and give to each of the two movements exactly the same vertical rise and hence the slopes of the two lines are directly comparable. The ratio charts compare percentage changes, while the arithmetic charts compare absolute changes. This issue presents practically complete data for the month of December and also items covering the early weeks of January received up to January 26. (See charts and table, pp. 4 and 5.) As most data covering a particular month's business are not available until from 15 to 30 days after the close of the monthf a complete picture of that month's operations can not be presented at an early date, but the advance leaflets give 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 FEBRUARY No. 66 1927 CONTENTS SUMMARIES Page Preliminary summary for January , 1 Course of business in December 11 Monthly business indicators (table and chart) 2, 3 Weekly business indicators (table and chart) 4, 5 Wholesale price comparisons (table and charts) 6, 7,13 Annual statistical summary of commerce and industry. 9, 10 Indexes of business: Condensed summary 11 Text and chart 12 Detailed indexes of production 22 Basic steel and related products (charts) 8 NEW TEXT TABLES Electric fans Census of manufactures Canadian inspected slaughter of livestock Industrial pumps Silver production and refinery stocks 14 20 23 24 25 INDEX BY SUBJECTS Text page 13 14 15 Table page Textiles 30 Metals and metal products. 38 Fuels. 37,53 Automobiles 46 Hides and leather 16 58 Rubber 56 Paper and printing 16 61 Building construction and housing 16 65 Lumber products 16 67 Stone, clay, and glass products 17 73 Chemicals and oils 17 76 Foodstuffs and tobacco 17 84,97 Transportation and public utilities 18 98, 104 Employment and wages 13 105 111 Distribution movement (trade, advertising, etc.). 18 122 Banking, finance, and insurance 18 20 121, 131 Foreign exchange and trade, gold and silver PRELIMINARY SUMMARY FOR JANUARY The dollar volume of trade during the early weeks of January, as seen from check payments, was higher than in the corresponding period of 1926. Distributions of goods, as seen from data on carloadings, was also greater than in the corresponding weeks of the preceding year. Wholesale prices in general averaged lower than in the preceding month and a year ago. Production of bituminous coal was larger than in January of the preceding year, while the output of beehive coke was smaller. The production of crude petroleum showed little change from the preceding month, but was substantially greater than a year ago. 26446°—27 1 The output of lumber was running lower than in January, 1926. The volume of new building contracts awarded was lower than in the corresponding period of the previous year. Loans and discounts of Federal reserve member banks declined during the month, but were larger than a year ago. Money rates, both on time loans and call money, were generally lower than in either the preceding month or January, 1926. Stock prices, both industrial and railroad, continued to average higher, as compared with both periods. Business failures were more numerous during January than in either the preceding month or January, 1926. MONTHLY BUSINESS INDICATORS: 1920-1926 [Ratio charts—see explanations on inside front cover. The curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production for the varying number of working days in the month] RELATIVE TO 1913 AS 100 350 300 1920 1921 1922 1923 1924 1925 1926 RELATIVE TO 1919 AS 100 1920 1921 1922 1923 J924 1925 1926 BANK DEBITS, 141 CENTERS 200 tf INTEREST RATES, COMMERCIAL PAPER WHOLESALE TRADE, 6 LINES DEPT, STORE TRADE <359 STORES) WHOLESALE PRICES'CDEPT.OF LABOR ) MAIL-ORDER SALES (4 HOUSES) ; NET FREIGHT TON-MILES MANUFACTURING PRODUCTION -1 (64 COMMODITIES)—] AUTOMOBILE PRODUCTION ( PASSENGER CARS AND TRUCKS; FACTORY EMPLOYMENT 30 L 1920 1921 1922 1923 1924 1925 IS26 1920 1921 1922 1923 1924 1925 1926 200 3 MONTHLY BUSINESS INDICATORS The following table gives comparative relative numbers for a selected list of important business movements. It is believed that this table will prove useful, because it segregates from the large mass of material a comparatively small number of items which are often regarded as indicative of business in general. The table has been divided into two parts, the first containing those items for which relative numbers can be calculated, using 1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of relative numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the absolute value of the two sets of data. In either group, however, the upward or downward trend of the relative numbers, compared to previous months, does reflect the present tendency in each item and will give a basis for business judgment. 1026 1925 MONTHLY AVERAGE ITEM 1920 1921 1922 1923 1924 1925 1926 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 1913 monthly average"* 100 Production: Pig iron 120 54 87 130 101 Steel ingots 135 64 114 144 122 Copper 99 38 80 120 128 Cement (shipments). 108 107 131 153 164 Anthracite coal 98 99 58 104 99 Bituminous coal 119 87 85 118 101 Electric energy (gross revenue sales) 283 312 349 407 434 Crude petroleum _ ._ . 178 189 224 295 287 Cotton (consumption) _ 105 97 109 117 99 Beef 119 113 126 130 133 Pork 113 117 130 160 151 Unfilled orders: United States Steel Corporation 170 90 96 102 63 Stocks: Crude petroleum * 143 171 265 311 369 Cotton (total) 155 198 153 125 111 2 Price: Wholesale index 226 147 149 154 150 Retail food. _ _ _ 203 153 142 146 146 Retail coal, bituminous _ _ 207 197 188 190 169 Farm products 205 11.6 124 135 134 Business finances: Defaulted liabilities. 108 229 228 197 198 Price 25 industrial stocks 184 136 169 185 198 Price 25 railroad stocks 67 64 75 72 81 Banking: Clearings, New York City. 257 205 230 226 264 Clearings, outside _ . __ 275 212 230 276 284 Commercial paper interest rate. 134 118 80 90 71 Distribution : Imports (value) 294 140 177 212 201 Exports (value) _> 331 181 154 168 185 Sales, mail-order 264 188 204 259 284 Transportation : Freight, net ton-miles. __ . 137 105 115 139 131 118 146 136 177 68 109 470 304 115 138 128 73 123 130 126 121 309 120 144 127 118 154 138 207 1 133 495 311 117 173 122 118 155 131 137 2 127 535 297 117 137 127 127 158 135 94 3 132 558 294 124 152 162 130 164 138 77 2 135 578 288 125 139 168 114 151 132 79 27 117 559 264 121 120 127 134 178 147 129 115 116 545 293 137 136 136 135 163 143 175 108 101 637 290 124 137 120 136 156 143 243 106 98 506 302 111 139 119 126 149 139 259 117 105 499 298 111 160 136 126 145 140 254 111 109 489 313 99 136 129 125 169 140 251 108 116 491 321 108 140 118 156 141 245 111 123 511 315 123 164 100 162 146 237 114 137 548 333 122 166 101 336 126 155 119 348 130 150 151 64 70 78 85 83 78 74 65 61 59 61 60 61 62 64 67 127 156 141 182 93 121 148 138 146 140 153 87 98 99 150 145 290 269 284 283 278 278 274 274 273 271 268 265 264 265 264 264 265 129 177 185 216 237 227 213 192 167 143 119 98 85 137 217 260 267 159 145 167 147 151 160 172 136 158 162 170 143 158 167 179 144 156 166 179 143 156 164 179 143 155 162 179 143 152 160 170 140 151 162 168 140 152 161 161 139 152 160 160 139 151 157 160 130 149 156 162 133 151 159 170 134 150 160 T77 130 148 162 188 130 147 162 187 127 162 149 129 157 160 191 150 134 169 147 129 130 123 131 146 143 200 262 285 298 305 305 309 309 272 249 253 268 280 296 296 283 295 308 99 112 102 107 111 111 109 105 104 106 111 113 116 120 114 117 121 300 307 329 298 342 344 272 356 329 297 307 302 275 271 309 282 339 318 324 358 323 354 341 288 339 324 316 329 334 304 313 344 317 344 73 77 80 79 79 79 75 78 76 72 70 72 78 80 82 80 79 236 248 250 252 266 279 260 297 266 215 226 227 225 230 253 250 242 198 193 237 216 226 192 170 181 187 172 163 178 186 217 215 232 226 327 349 464 396 473 336 322 357 344 299 309 284 286 336 417 425 471 139 161 149 139 138 130 141 133 146 144 153 160 162 177 159 1919 monthly average3 100 Production: Lumber 3 Building contracts.. _ _ Stocks: Beef . . Pork Business finances: Bond prices (40 issues) Banking: Debits outside New York City. . _ Federal ReserveBills discounted Total reserves Ratio 102 72 86 117 133 129 141 136 157 140 127 113 130 146 142 148 148 139 143 141 143 127 114 69 102 106 108 138 133 148 146 137 117 90 150 155 153 142 125 141 139 135 131 119 29 70 32 91 34 90 34 82 27 70 20 46 22 74 66 98 42 83 86 87 107 104 108 112 116 111 112 112 114 115 115 116 117 117 117 117 116 116 118 119 114 91 31 45 95 107 108 121 127 137 121 36 56 34 67 33 74 30 78 25 76 21 78 19 86 18 84 20 67 26 52 36 47 137 134 114 133 128 122 128 135 118 121 135 123 43 57 139 132 91 28 39 19 26 30 30 32 89 23 28 33 27 24 27 27 32 37 33 33 37 97 122 144 146 146 134 135 132 131 129 135 133 133 135 136 136 137 135 134 135 135 134 80 122 154 152 160 149 148 144 142 134 149 147 146 151 151 150 152 148 145 147 144 140 i Data since January, 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods. » Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture. • Based on the total computed production reported by 5 associations. Includes southern pine, Douglas flr, western pine, North Oarolina 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. WEEKLY BUSINESS INDICATORS [See table on page 5] WEEKLY AVERAGE. 1922 -1924 = 100. BITUMINOUS COAL. PRODUCTION . APR MAY JUNE JULY AUG. SEPT OGT FISHER'S INDEX, WEEKLY AVER AGE 1923-1924=100 WHEAT RECEIPTS FISHER'S WHOLESALE PRICE INDEX NOV. DEC j <x V\ \\ I,... s* • -i VW .' /'v* ..x- \ *•**•* V •v* ^A u j V^ 111 1 1 1 1 11 MM 1 ! 1 1 1 1 MM 1 1 ! V 1 II 1 f\ I11 1 1P COTTON PRICES MIDDLING NEW YORK LUMBER PRODUCTION BEEHIVE COKE PRODUCTION WHEAT PRICE N0.2 RED WINTER PETROLEUM PRODUCTIONCDAiLY AVERAGE) LOANS AND DISCOUNTS F.'R.MEMBER BANKS CATTLE RECEIPTS DEBITS JO INDIVIDUAL ACCOUNTS . Receipts of cattle Price of No. 2 wheat Bank loans and discounts Debits to individual accounts Call-money rates 116.9 115.5 116.3 101.5 175.8 141.5 147.2 104.3 95.8 86.5 104.5 104.7 323.8 288.5 289.8 285.1 136.7 124.4 119.0 88.7 85.0 87.5 97.6 79.0 103.3 103.4 103.6 104.2 79.2 78.9 78.5 80.8 93.6 94.3 94.5 94.6 136. 6 138.2 137.4 140.7 120.0 119.9 119.9 119.4 131.8 114.4 145.8 124.4 112.1 109.1 112.1 121.2 88.1 102.7 109.0 95.3 Dec 141.8 142.2 139.8 92.9 108.1 110.5 111.4 72.9 130.7 127.6 137.3 114.5 111.9 111.2 110.5 109. 8 112.2 110.9 106.4 77.1 181.4 142.1 142.3 110.2 117.3 116.3 104.1 74.4 293.6 283.0 242.6 206.8 123.6 125.1 119.3 66.3 110.0 110.2 102.8 70.6 105.1 103.6 102.7 102.9 78.5 74.3 73.2 74.7 95.3 95.2 95.2 95.2 143.9 119.8 120.2 120.4 120.8 124.7 123.9 141.4 133.6 121.2 124.2 124.2 142.4 105.0 107.5 112.7 83.1 Price of iron and steel (composite) Receipts of cotton 112.8 111.8 112.5 112.1 Price of cotton middling Receipts of wheat 128.1 129.4 124.6 128.5 Wholesale prices Petroleum production 114. 8 112.4 113.8 106.2 Receipts of hogs Beehive coke production 134.1 134.0 138.8 127.8 Building contracts Lumber production NOT. 7 14 21 28 WEBK ENDING »~ Gar loadings Bituminous coal production WEEKLY BUSINESS INDICATORS1 1 i •58 S3 « 1925 5 12 19 26 1926 Jan. 2 9 16 23 30 117.5 143.5 144.0 136.9 138.4 56.7 81.4 94.3 101.9 103.8 128.5 127.2 136.4 150.4 148.7 108.2 107.7 106.8 105.7 103.8 81.5 99.7 103.0 101.3 101.7 152.3 131.8 119.2 182.7 115.5 41.6 76.7 63.0 55.9 53.0 174.0 132.8 112.3 119.6 106.0 71.4 103.9 105.1 102.2 83.3 97.2 122.7 112.5 94.7 102.0 103.8 103.8 103.4 103.7 104.0 78.1 78.5 79.6 78.9 78.5 95.5 95.5 95.5 95.3 94.9 152.8 153. 7 152.8 152.8 148.8 121.8 121.3 120.2 120.0 119.3 109.8 153.2 129.8 135.2 124.0 145.5 97.0 109.1 97.0 109.1 93.0 137.3 142.5 127.6 128.4 Fob 6 13 . 20 27 134.0 132.3 126.8 120.0 108.1 110.5 108.1 107.1 161.0 158.8 154.8 140.4 104.5 104.3 104.3 105.6 100.6 100.8 102.4 100.3 93.2 77.0 102.8 146.7 51.9 48.9 60.8 40.6 101.3 97.9 87.7 71.1 87.8 85.5 78.8 82.3 94.4 93.7 79.0 80.9 104.0 103.3 102.0 101.3 78.5 78.5 78.5 75.1 94.9 94.9 94.7 94.7 156.1 148.8 145.5 147.2 119.6 119.8 119.4 119.2 132.4 123.3 121.7 107.7 112.1 118.2 115.1 127.3 128.9 94.8 118.9 104.0 Mar 115.2 6 13 . .. 117.8 113.1 20 106.0 27 109.5 111.4 114.8 118.1 115.8 115.4 115. 4 109.7 105.3 106.1 105.8 106.0 106.0 106.3 107.4 106.4 106.4 119.6 167.0 157.1 45.7 36.6 42.1 42.1 68.5 65.5 68.1 71.5 81.0 83.3 85.9 88.4 90.1 82.9 85.6 78.6 100.3 99.9 100.1 98.8 73.6 74.0 72.8 72.8 94.7 94.7 94.6 94.6 139.0 137.4 142.3 130.1 119.8 119.0 119.3 119.3 143.5 121.7 133.6 122.2 112.1 103.0 103.0 118.2 120.4 122.1 97.5 110.2 Apr 3 10 17 24 99.6 103.8 102.5 102.1 116.7 115.7 119.0 118.1 102.6 100.0 102.2 100.0 106.7 106.7 106.4 107.2 102.0 102.2 106.1 107.0 165.1 207.4 184.9 128.6 31.4 39.4 33.6 42.4 57.4 51.9 48.1 43.0 69.8 74.3 82.0 88.7 59.9 68.9 74.8 74.6 98.9 98.2 98.8 98.5 73.2 72.8 72.5 71.3 94.6 93.8 93.8 93.6 136.6 142.3 120.2 119.4 118.9 118.7 124.0 133. 1 126.2 129.6 115. 1 98.5 97.0 99.8 109.1 108.2 84.8 117.9 100.5 99.6 102.4 102.3 106.7 111.4 109.5 111.4 112.4 113.8 92.1 93.0 89.3 92.5 85.1 109.1 109.3 109.6 108.9 110.3 109.4 109.5 113.2 114.2 118.8 165.2 166.4 147.2 190.0 168.3 41.9 42.3 37.3 43.4 58.2 49.4 43.4 44.3 39.6 40.4 99.0 98.1 87.1 86.8 95.8 78.7 74.5 66.5 72.1 78.7 97.9 98.5 99.2 99.6 99.4 71.3 72.5 71.7 70.9 71.3 93.4 93.4 93.3 92.8 92.5 134.1 135. 8 137.4 134.1 135.0 119.3 119.8 119.4 118.9 118.7 117.3 134.2 119.7 125.6 118.8 93.9 93.9 90.9 97.0 97.0 122.6 100. 3 104.2 102.7 108.0 95.4 June 5 12 . . 106.0 104.7 19 108.5 26 105.2 112.4 114.8 109.5 85.5 86.0 80.7 82.0 110.1 110.4 110.3 110.8 104.0 116.5 114.7 116.8 124. 5 150.9 134.3 150.6 44.3 44.7 42.3 68.3 36.6 34.0 27.2 18.3 95.5 92.9 94.2 85.9 75.7 92.0 75.7 71.4 98.9 100.1 99.2 99.0 70.9 68.7 69.4 70.2 92.1 91.7 91.5 91.5 120.3 126.8 125.2 117.9 119.4 118.9 120.2 119.3 117.0 121.4 129.8 123.0 100.0 97.0 90.9 103.0 84.8 94.0 99.5 99. 5 104.5 91.5 111.4 111.8 116.1 105.2 84.8 107.1 103.8 109.5 71.5 77.2 79.8 74.6 77.2 111.7 111.5 112.6 113.5 116.0 117.9 99.0 119.1 119.3 121.2 125.6 158.2 162.8 134.1 138.7 106.0 166.1 171.6 232.0 309.6 20.4 14.5 22.1 22.1 28.1 96.5 90.0 104.2 94.9 94.2 72.1 70.7 67.1 70.9 68.2 97.9 98.2 97.9 97.1 96.4 69.1 72.1 70.2 71.3 72.5 91.8 91.8 91.7 91.7 91.5 109.8 120.3 117.1 118.7 129.9 120.3 119.8 119. 6 119.6 125.8 130.8 129.3 129.9 116.1 115.1 109.1 103.0 97.0 106.1 92.3 76.1 88.1 89.3 98.8 21 28 111.8 117.1 116.0 123.6 110.5 111.4 110.5 113.3 72.8 71.5 80.3 79.4 117.4 118.5 119.0 119.4 119.1 121.7 119.7 124.9 121.5 152.1 151.8 197.7 284.0 225.0 167.9 131.1 25.1 48,5 59.1 67.7 75.6 99.0 102.9 103.9 70.9 67.1 67.9 59.9 96.2 96.0 95.9 96.5 71.3 67.2 68.7 72.1 91.5 91.5 91.5 91.5 113 0 111.4 110.6 110.6 120 4 120.7 120.3 120.4 127. 2 116.8 122.8 113.0 109 1 109.1 109. 1 115.1 63.3 92.3 90.1 91.0 Sept. 4 11 18 25 121.3 113,0 128.1 129.1 109.5 99.5 109.5 111.4 80.7 79.8 86.0 86.4 120.4 119.7 119.1 119.0 126.6 113.3 130.5 130.0 145.0 193.4 162.1 180.2 155.1 146.6 141.2 117.1 112.8 128.0 216.2 275.7 124.1 121.9 134. 1 141.6 60.9 60.7 64.2 60.4 96.2 96.7 96.6 96.3 70.6 .69.8 64.5 57.4 91.5 9J.4 91.9 92.1 108 1 108.9 111.4 111.4 121 3 121.5 122.5 122.0 112 7 101.7 127.4 131.3 115 1 121.2 121 2 127 3 93 8 74.4 81 3 83.6 Oct. 2 9 16 132.3 136.2 136.4 140.0 148.6 108.1 111.4 110.5 108.1 110.5 80.7 91.2 88.2 87.7 86.0 120.3 120.8 122.5 125. 3 127.8 130.3 130.2 133.0 132.9 133.7 173.8 141. 4 186.4 159.9 168.8 110.9 104.9 87.9 104.6 112.9 355.7 398.7 397.4 391.1 363.0 131. 2 147.3 143.1 144.0 151.8 59.5 64.5 67.3 75.1 80.1 98.6 95.5 96.5 96.7 97.7 54.0 49.4 51.3 47.5 47.9 92.0 92.1 92.8 92.8 92.9 113.0 111.4 113.0 115 4 116.3 123.1 123,3 123.2 123 0 122.4 119.6 143.6 118.7 145.4 127.7 133.3 82.8 115. 1 97.3 124.2 93.3 103 0 107 2 109.1 107.0 Nov. 6 13 1*4.4 152.1 157.3 147.8 107.1 103.8 103.8 92.4 84.2 88.6 89.9 86.8 129.2 128.5 129.9 131.1 125.0 122.3 118.6 103.6 147.3 140.0 137. 4 188.1 99.6 92.4 73.9 70.6 354.0 340.4 337. 9 307.7 125.7 139.2 133.4 98.4 80.7 86.4 80.6 76.2 100.0 99.6 97.2 97 3 47.9 49.4 49.1 49.4 93.2 93.5 93.6 93 7 114 6 113.0 110 6 112 2 122 9 122.4 122 2 122 5 123 2 127.3 130 3 123 6 109 1 95 5 106 1 105 2 112 1 113 7 115 1 98 8 Dec. 4 11 18. 25 161.7 155.2 148.5 115.5 102.9 101.0 94.3 79.5 83.8 80.7 77.2 64.0 131.0 131.4 131.4 131.7 116.3 109.8 104.5 84.9 96.8 135.4 203.0 104.9 65.5 68.3 59.1 48.0 311.5 288.5 263.0 225.1 112.5 103.5 105.1 72.7 98.3 101.2 91.4 80.0 97.4 97.1 95.9 95.4 45.7 46.4 47.5 49.1 93.6 93.1 93 0 92.8 112 2 113.8 113 0 123 0 122.7 123 0 123 5 119 9 126.2 130 8 139.4 118 2 118.2 118 2 126 4 118.0 146.0 149.3 55.7 79.5 90.0 75.4 74.6 78.1 130.9 131.0 131.1 131.0 81.4 103.4 104.4 159.8 123.9 112.3 103.3 50.7 56.5 57.4 211.9 147.7 166.8 176.6 65.3 88.7 94.5 72.8 102.5 112.4 95.2 95 0 94.5 95 1 49.1 49 4 50.9 51 3 92.7 92 7 91.9 91 2 113 0 109 8 124 124 123 122 116 9 157 8 132 6 131 3 133 3 110 4 115 1 122 9 103 0 144 5 100 0 152 2 May 1. 8 16 22 29 July 3 10 , 17 24 31 - AUK. 7 ii:~:~"~~ 23 30 20 27 115 2 115 9 105 2 122 1 1927 Jan. 1 8 15 22 . __ 29. 112 2 6 8 3 2 i Sources of data are as follows: Bituminous coal and beehive coke production from U. S. Department of Commerce, Bureau of Mines; Lumber production, based on four associations, from the National Lumber Manufacturers Association; Petroleum production (crude) from American Petroleum Institute; Loadings of freight cars from American Railway Association; Building contracts from F. W Dodge Corporation; Receipts of wheat from J?radafre^'«; Receipts of cattle and hogs from U. S. Department of Agriculture, Bureau of Agricultural Economics; Receipts of cotton from New Orleans Cotton Exchange; Wholesale prices (Fisher's index), based on 1923-24 as 100, from Professor Irving Fisher; Price of cotton, middling, from New York Cotton Exchange; Price of iron and steel, composite, from Iron Trade Review; Price of wheat, No. 2, red, cash, from Chicago Board of Trade through U. 8. Department of Agriculturer Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts from Federal Reserve Board; Call-money rate from Wall Street Journal; Business failures from JJ. Q. Dun & Company. * The actual week for all items does not always end on same day. WHOLESALE PRICES IN DECEMBER [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 COMMODITIES COMPARISON WITH SAME" MONTH 1925 DECREASE INCREASE 20 10 0 |0 20 60 DECREASE 30 20 10 40 0 10 20 COMPARISON WITH SAME MONTH 1924 INCREASE 30 40 50 60 70 80 50 40 DECREASE 30 20 10 0 10 20 INCREASE 30 40 50 60 70 60 FARM PRODUCTS. AVERAGE PRICE TO PRODUCER WHEAT ' POTATOES \ V//////////////////, V///////////////^^^^ COTTONSEED CATTLE. BEEF HOGS f W//////////////^^ Y///////////////////S . , . , vzzzT . I. . L mam mmmmm . , , , FARM PRODUCTS. MARKET P Rl CE WHEAT. SPRING WHEAT. WINTER CORN NO. 2 1 ' w//////, \/9^/Z^/^/^///^// OATS BARLEY 1 ^S 1 RYE. NO . 2 v////////?////?/, mm. J% ir ir TOBACCO. BURLEY COTTON V/W/W/#/MZW/Mfi V////^/////7/////^ Y////////////////////S mrn^ WOOL. r/4 GREASE (BOSTON) CATTLE. STEERS «« 1 HOGS. HEAVY SHEEP. EWES SHEEP. LAMBS I y FLOUR. SPRING FLOUR. WINTER SUGAR. RAW SUGAR. GRANULATED COTTONSEED OIL BEEF. CARCASS FOOD ' W/////A •i r * BEEF. STEER ROUNDS HAMS. SMOKEDfCHICAGO} •1 f ""f i , , ! . , mmmmmmmmmmmmmmmmm 1 i i i < ._. CLOTHING COTTON YARN COTTON PRINT CLOTH W///////////////, COTTON SHEETING WORSTED YARNS E22 v%%>. :r ir WOMEN'S DRESS GOODS SUITINGS SILK. RAW tf%7/, V/////M 1 Vffift. HIDES. PACKER'S HIDES. CALFSKINS f%%%% LEATHER, CHROME (BOSTON \ LEATHER. SOLE. OAK BOOTS AND SHOES (BOSTON ) BOOTS AND SHOES <ST. LOUIS) E^%^ W///W/////////^ E COTTON LAMBS 1 mam CORN ir 1r ir ik ( COAL, BITUMINOUS. I m ir , ,d *1 vz% 1 FUEL ' COAL. ANTHRACITE COKE PETROLEUM I g ^J^~ METALS PIG IRON. FOUNDRY 1 ' PIG IRON, BASIC STEEL BILLETS. BESSEMER COPPER £ ; i I I LEAD m m£ TIN V//////A mim ZINC BUILDING MATERIAL AND MISC LUMBER. PINE. SOUTHERN LUMBER. DOUGLAS FIR 1 ' ' ' V/// 1 < BRICK, COMMON (NEW YORK) CEMENT STEEL BEAMS RUBBER CRUDE SULPHURIC ACID LLANEOUS )~ 20 10 DECREASE Q 10 20 INCREASE \ 1 W////////. 5^68. 5^^^^^/%^% 1 50 , 40 L_ , , 30 20 DECREASE 10 • 0 1 1 i f i l 1 0 2 0 3 0 4 0 6 0 6 0 7 0 8 0 5 0 4 0 3 0 2 0 10 INCREASE DECREASE * NO CHANGE * * NO QUOTATION * l Q I 0 2 0 3 0 4 0 6 0 6 0 7 0 8 C INCREASE WHOLESALE PRICE COMPARISONS NOTB.—Prices to producer on farm products and market price of wool are from U. 8. Department of Agriculture, Bureau of Agricultural Economics; nonferroui metal from the Engineering and Mining Journal-Press. All other prices are from U. 3. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to producer or at mill. See diagram on page 6 PER CENT INCREASE (+) OB DECREASE (-) ACTUAL PRICE (dollars) Unit COMMODITIES Decem- Decem1926, ber, 1926, Novem- Decem- Decem- ber, from from ber, 1926 ber, 1926 ber, 1925 NovemDecember, 1926 ber, 1925 RELATIVE PKICE (1913average-100) November, 1926 December, 1926 December, 1925 FARM PRODUCTS-AVERAGE PRICE TO PRODUCERS Wheat . . Corn............... Potatoes * Cotton .. Cottonseed... . Cattle, beef. Hogs... . Lambs ............ _. . Bushel ........................ Bushel Bushel ... ... Pound . . . . . . . . . ... . .. ......... Ton Pound... . . _ Pound . . . . ...... . . ................. Pound .. . ... 1.228 .648 1.370 .100 18.05 .0642 .1097 .1092 1.537 .707 2.015 .174 27.87 .0618 .1051 .1267 06 -2.3 30 -9.1 -3.3 +1.6 42 -1.7 20 1 -8.8 32 0 42 5 -35.2 +3.9 +4.4 -13.8 156 107 237 92 86 107 153 182 155 104 229 83 83 109 146 179 194 114 338 145 128 105 140 208 21.00 .128 .45 9.39 12.09 5.77 12.70 1.44 1.40 .76 .50 .74 .97 21.00 .128 .44 9.72 11.77 5.64 12.04 1.77 1.80 .80 .42 .72 1.04 25.00 .202 .55 10.04 10.88 8.06 15.94 +3.6 +1.4 +7.0 +11.1 +4.2 +1.0 0.0 0.0 22 +3.5 25 23 -5.2 18 4 -22.2 50 +19.0 +2.8 -6.7 -16.0 36 6 20 0 -3.2 +8.2 30 0 -24.5 152 140 114 120 114 151 159 100 180 110 145 123 163 158 142 121 134 119 152 159 100 176 114 141 120 155 194 182 127 112 115 165 189 158 220 118 130 172 205 Barrel... .. 7.74 6.64 Barrel Pound .047 Pound. .058 Pound .08 .170 Pound .145 Pound Pound .293 7.63 6.60 .051 .061 .08 .170 .141 .280 9.18 7.89 .041 .053 .11 .170 .131 .280 -1.4 06 +8.5 +5.2 0.0 0.0 28 44 -16.9 -16.3 +24.4 +15.1 27 3 0.0 +7.6 0.0 169 173 134 135 114 131 111 176 167 172 146 143 113 131 108 169 200 205 118 123 146 131 100 168 Pound Yard Yard Pound Yard Yard. Pound Pound Pound Square foot Pound Pair. Pair.. . .321 .069 .085 1.40 .70 3.29 5.49 .153 .168 .45 .43 6.40 4.85 .311 .067 .080 1.40 .70 3.29 5.59 .151 .167 .45 .43 6.40 4.85 .402 .087 .103 1.55 .80 3.60 6.81 .156 .192 .46 .46 6.40 5.13 -3.1 -2.9 59 0.0 0.0 0.0 +1.8 13 -0.6 0.0 0.0 0.0 0.0 -22,6 -23.0 22 7 97 -12.5 -8.6 17 9 -3.2 130 130 138 180 222 213 151 83 89 167 96 206 153 126 126 130 180 222 213 154 82 89 167 96 206 153 162 165 167 200 254 233 187 85 102 171 103 206 162 Short ton.. 4.39 11.48 Long ton 1 Short ton.. 4.89 1.750 Barrel. 4.39 11.48 3.91 1.750 3.39 0.0 00 -20.0 0.0 +29.5 200 216 200 187 200 216 160 187 154 4.45 1.550 182 166 20.76 Long ton Long ton... 18.50 Long ton... 35.00 .1358 Pound .0801 Pound .6867 Pound .0720 Pound 20.51 18.50 35.00 .1330 .0786 .6664 .0702 22.26 20.00 35.00 .1387 .0931 .6195 .0857 -1.2 0.0 0.0 -2.1 19 -3.0 -2.5 79 -7.5 0.0 41 15 6 •+7.6 130 126 136 89 183 158 130 128 126 136 87 180 153 126 139 136 136 91 213 140 156 43.02 Mfeet Mfeet 16.23 Thousand.. 12.25 41.31 16.89 15.50 49.83 15.50 14.75 -4.0 +4.1 +26.5 -17.1 +9.0 +5.1 187 176 175 179 183 236 216 168 225 0.0 0.0 -10.5 0.0 0.0 +2.6 -66.5 +7.1 163 132 35 75 163 132 32 75 163 129 95 70 . 1.236 .660 1.413 .110 18.66 .0632 .1145 .1111 FARM PRODUCTS-MARKET PRICE Wheat, No. 1, northern spring (Chicago) Wheat, No. 2 red, winter (Chicago) Corn, contract grade No. 2, cash (Chicago) ... Oats, contract grades, cash (Chicago)...,......... ...... .. . Barley, fair to good, malting (Chicago) ... Rye, No. 2, cash (Chicago) Tobacco, burley, good leaf, dark red (Louisville) Cotton, middling upland (New York) Wool, H bloodcombing, Ohio and Pennsylvania fleeces (Boston) Cattle, steers, good to choice, corn fed (Chicago) Hogs, heavy (Chicago) .... Sheep, ewes (Chicago)....... ........... .... . ..... . Sheep, lambs (Chicago) Bushel.. Bushel.. Bushel.. Bushel.. Bushel.. Bushel.. Cwt... Pound Pound Cwt.. .. 1.39 .. 1.38 .. .71 .. .45 .. .71 .. .96 Cwt Cwt Cwt FOOD Flour, standard patents (Minneapolis) ...... Flour, winter straights (Kansas City),.... .. .... ... . ... ... ... Sugar, 96° centrifugal (New York) Sugar, granulated, in barrels (New York) Cottonseed oil, prime summer yellow (New York)..... ........ . Beef, fresh carcass good native steers (Chicago) Beef, fresh steer rounds No. 2 (Chicago) .... . .. Pork, giriokgd hams (Chicago) CLOTHING Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) Cotton-print cloth, 27 inches, 64 x 60-38H"-5.35—yards to pound Cotton sheeting, brown 4/4 Trion (New York) . ................... Worsted yarns, 2/32's crossbred stock, white, in skein (Boston) Women's dress goods, French, 36-36 inches at mills, serge Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.) Silk, raw, Japanese, Kansai 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 calf, blucher (Massachusetts) Boots and shoes, men's dress welt tan calf (St. Louis) FUEL Coal, bituminous, mine-run Kanawha (Cincinnati). ....... Coalj anthracite, chestnut (New York tidewater)..! Coke, Connellsville (range of prompt and future) furnace—at ovens.. Petroleum, crude, Kansas-Oklahoma—at wells -2.2 65 o.'o -5.5 -12.1 +12.9 METALS Pig iron, foundry No. 2, northern (Pittsburgh) . Pig iron, basic, valley furnace . .......... Steel billets, Bessemer (Pittsburgh) Copper ingots, electrolytic, early delivery (New York) Lead, pig, desilverized, for early delivery (New York).. Tin, pig, for early delivery (New York) Zinc, slab, western (St. Louis) BUILDING MATERIAL AND MISCELLANEOUS Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg district) Lumber, Douglas flr, No. 1, common s 1 s, 1 x 8 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) Barrel.. . Cwt Pound Cwt... 1.65 2.00 .286 .75 1.65 2.00 .256 .75 1.65 1.95 .764 .70 PRODUCTION OF PIG IRON AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS [December, 1926, is latest month plotted] 14,000 600 AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS AWARDED IN 27 NORTHEASTERN STATES [December, 1926, is latest month plotted] 800 BUILDING CONTRACTS AWARDED. (27 STATES) \ TOTAL AUTOMOBILE PRODUCTION 40 LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS [December, 1Q26, is latest month plotted] 4,000 2,000 STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1922-1926 The following table contains a review of production and distribution by principal industries and branches of commerce for the year 1926, with comparisons since 1921. On the following page is given a table of commodity stocks, as well as of unfilled orders, as of December 31, 1926, with similar data for earlier comparable periods. VOLUME OF PRODUCTION AND DISTRIBUTION IN 1926 1922 ITEM 1923 1924 1925 1926 BUILDING AND BUILDING FOODSTUFFS 66, 794 66, 160 75, 345 70, 264 76, 095 Corn grindings (bu. —000 omitted) Sugar meltings (long tons—000 omitted).. 5,148 4,149 4,547 5,113 5,303 195, 117 192 274 204 060 238, 811 263, 985 Fish catch (Ibs —000 omitted) Meat production, inspected slaughter (Ibs. —000, 000 omitted) : 5,480 4,969 5,711 5 129 5 328 Beef products 9,182 7,419 8,820 7,273 7,323 Pork products 501 418 456 467 446 Lamb and mutton products Cottonseed oil production (Ibs.—000,000 1,951 1,512 935 974 1,155 omitted) Wheat flour production (bbls.—000,000 1128 125 126 133 126 omitted) 1932 ITEM continued 1923 1924 1925 1926 MATERIALS— Brick production (000 omitted) : 8,296 8,671 8,661 7,988 7,089 Face brick (average per firm) Cement (bbls. —000 omitted) : Production. _ _ .__ 113, 870 137,377 148, 859 161,202 164, 057 116, 563 135, 887 145, 747 156, 724 161, 781 Shipments Sanitary enamel ware shipments (pieces — 000 omitted) : 1,326 1,085 1,148 1,195 898 Baths 1,326 1,528 1,365 1,323 1,098 Lavatories 1,445 1,551 1,364 1,144 1,370 Sinks AUTOMOBILES AND TIRES TEXTILES Consumption (000 omitted) : Wool (pounds) Cotton (bales) Silk (bales) Production (000 omitted) : Fine cotton goods (pieces) - - - 654, 125 641 607 537, 760 526, 285 510, 033 6 088 368 6 521 358 5 522 366 6 433 501 6 687 502 4,629 5 265 4,246 5,053 4,836 METALS 59 047 40 039 43, 486 2 675 ' 70 42, 624 31 088 36, 811 2 638 64 54, 081 36 401 44, 178 3 522 76 58, 532 39 068 47, 134 3,447 78 531 204 535 848 590 928 638, 533 738 768 793 377 842 117 872 318 1,997 1 077 2,403 954 2,690 923 2,526 990 3,378 1,554 1,216 1,750 RAILWAY EQUIPMENT 1,405 PRODUCTION OF FUEL AND POWER Coal (short tons—000 omitted) : Anthracite 54, 684 93, 336 87, 927 61, 817 Bituminous - _ _ _ 422 268 564 565 483 687 520, 053 Coke (short tons—000 omitted) : 8 040 19 380 10 284 1 1, 355 Beehive - - 28 500 37 596 33 984 39 912 By-product Petroleum products (000,000 omitted) : Crude petroleum (bbls. —42 gal.) 558 732 714 764 148 Gasoline (bbls. — 42 gal.) 180 213 260 55 Kerosene (bbls —42 gal.) 60 60 56 Lubricants (bbls. —42 gal.) 27 23 26 31 Electrical energy, central stations (kw. hours— 000,000 omitted) : Total _ . 47 700 55 932 58 992 65 604 By water power 17 256 19' 620 20 016 22 320 Bv fuels 30 456 36 324 39 012 43 284 85,001 578, 290 11, 659 44 437 766 293 62 32 i December figure estimated. 3,702 393 3,263 378 3,836 500 3, 930 535 30, 698 787 38, 137 33,944 684 45, 087 38, 726 558 53, 028 45,633 620 61, 960 46, 102 480 57, 465 5,180 5 228 588 797 1,448 631 282 318 534 151 275 138 Production (000 omitted) : Newsprint paper (short tons) Sole leather (backs bends and sides) Naval stores, receipts (barrels —000 omitted) • Turpentine Rosin 1,448 17, 735 1,489 18, 732 1,471 14,645 1,530 14,884 1,679 13,608 261 1,001 318 1,171 308 1,108 292 1,082 303 1,097 DISTRIB UTION Sales (dollars —000 omitted) • 344, 339 433, 177 461, 045 517, 581 540, 181 4 mail-order houses 286, 500 338,064 378, 883 429, 131 469, 346 5 ten-cent chains 508, 848 632, 784 721, 428 888, 480 1,066,495 27 grocery chains Advertising, agate lines (000,000 omitted) : 24 19 23 25 27 Magazine 1,169 1,094 1,158 1,223 1,262 Newspaper, 22 cities 316 274 301 344 367 Postal receipts (dollars—000,000 omitted) _ Foreign trade of United States (dollars— 000,000 omitted): 4,167 3,832 4,591 4,803 Exports 4,910 3,792 4,437 3,113 3,610 4,228 Imports PRICE INDEX NUMBERS (Monthly averages, relative to 1918) Farm prices Wholesale prices (404 commodities) Retail food prices (22 commodities) - 124 149 142 135 154 146 134 150 146 147 159 145 136 151 160 262 4,121 237 2,735 282 3,784 452 3,433 449 3,121 62.38 98.58 71.11 60.15 107. 78 71.72 67.18 115. 08 74.32 82.48 152. 65 77 04 93.27 165. 70 80 28 6,728 8,270 8,949 10, 757 11, 398 BANKING AND FINANCE 73 349 52 905 47 444 BUILDING AND BUILDING MATERIALS Contracts awarded (36 States—000,000 omitted): Total floor space (sq. ft.) _ Total value (dolls.) Lumber production (board feet— 000,000 omitted) : Southern pine _ _ Douglas fir California redwood California white pine . Western pine _ . North Carolina pine Northern hemlock. Northern hardwoods Northern pine lumber _ Northern pine lath Oak flooring Maple flooring... 2,385 254 MISCELLANEOUS Production (000 omitted) : 42, 622 Iron ore shipments (tons) - - 26 880 Pig iron (long tons) 34, 568 Steel ingots (long tons) __ 2 290 Steel sheets (short tons) Tin (consumption—long tons) 57 Production (short tons) : 373, 680 Zinc 493 848 Copper Sales (short tons—000 omitted) : 2,113 Structural steel 933 Steel Castings - Locomotive shipments (number) Automobile production (000 omitted) : Passenger cars. _ _ Trucks Rubber tires production (000 omitted) : Pneumatic tires Solid tires Inner tubes 676 3,981 706 4,486 899 5,822 843 6,103 5 402 6 105 639 1 223 1 751 579 313 449 618 159 361 141 5 441 5 866 578 1 153 1,651 580 245 400 516 130 418 103 5 680 6 528 520 1,399 1,812 650 254 362 559 145 518 106 5,374 6 322 508 1,485 1,735 694 210 360 488 126 533 120 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 monthly average (per cent) — New York call loans Commercial paper 60-90 days Business failures: Liabilities (dollars —000,000 omitted) Firms (number) __ 199 500 225 324 227 949 256 415 268 935 239 856 238 392 263 531 313 372 339 056 158 448 189 816 196 166 219 064 223 238 217, 896 213, 996 249, 870 283, 649 290, 354 4 42 4.43 4 87 4.99 3 17 3 91 4 31 4 02 4 24 4.58 624 23, 676 539 18, 714 543 20, 615 444 21, 214 409 21, 773 10 STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1923-1926—Continued STOCKS OF COMMODITIES HELD AT YEAR-END INVENTORY PERIODS 1923 Unit COMMODITY 1925 192 6 November December 30 31 November December 30 31 1924 November December 30 31 November 30 December 31 62,839 140, 658 82, 269 7,900 3,254 19,858 51 508 55, 105 4,028 63, 274 63,458 105, 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 64,290 100, 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, 406 142, 964 708 413 2, 949 49 393 105, 992 96 114 6 700 19, 693 76, 343 65 694 49 187 1,050 133 990 68,325 73, 564 418 737 1,549 92 709 111, 965 49 774 7,800 3,077 68,584 74 754 66 495 3,786 86 733 61, 849 84, 996 514 697 1,820 120 146 118 719 55 024 6,900 19, 095 66 762 52 785 58 457 1,683 111 501 58,048 85, 977 434 972 3,166 277 687 131 034 78 412 8 000 32, 219 50 063 64 381 63 881 3, 215 106 854 75, 034 101, 016 525 074 4,519 246 391 155 455 68 125 1,735 2,011 2,265 2,347 1,091 2,046 2,197 2,362 i 474, 748 5,214 35, 398 415, 681 5,140 40, 959 i 391, 248 5,852 55, 516 359, 612 5,937 61, 533 373, 010 6,664 46,813 346 678 7,305 49, 824 i 375 714 8,015 47, 130 8,245 52 478 42,836 30,904 1,072 38, 635 37, 578 1,652 40,728 26 912 2,089 36,360 21 208 2,844 41,686 6 922 1,904 36, 898 9 295 2,654 42, 761 14 481 2,304 38 426 21 887 1 909 M feet b. m ... 1, 115, 880 41 467 M feet b m 22, 159 M feet b. m 6 991 Thous of bbls 37, 342 Number 69, 412 Number. 67, 265 Number 39, 221 Barrels 316, 820 Barrels _ . 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 1, 152, 743 43 204 25, 072 14 534 110, Oil 222, 032 228, 659 45,046 196, 939 1, 165, 620 44 715 28, 440 18 515 123,600 228,838 260, 981 51, 247 220, 479 1 065,538 60 145 33, 619 16 243 161, 391 225, 645 274, 422 63,650 184, 405 23, 669 25, 062 17, 418 16,238 13, 592 FOODSTUFFS Thous. of Ibs Thous. of Ibs - Thous. of Ibs Long tons - - Thous. of Ibs Thous of bus Thous. of bbls Thous. of bus Thous. of bus Thous of Ibs Thous. of Ibs . Thous. of cases Thous. of Ibs - Thous. oJlbs Thous of bags Thous. of pockets Beef products . .. Pork products Lamb and mutton .. . . . . _ . . Sugar (raw at refineries) Cottonseed o i l _ _ _ ._ Wheat (visible United States) Wheat flour Corn (visible, United States) Oats (visible, United States) Butter Cheese Eggs . Poultry Fish . Coffee (visible United States) TUce (domestic) 93, 166 612, 823 2,014 884 712 803 789 611 888 888 36, 412 46 341 34 355 54 495 1,111 144 230 69,585 978 CLOTHING MATERIALS Wool, grease equivalent (mills and dealers) C otton (mills and warehouses) Silk (warehouses) - - Thous. of Ibs Thous. of bales Bales 1 METALS Iron ore Zinc Tin . - . - Thous. of long tons _ Short tons Long tons - CONSTRUCTION MATERIALS Yellow pine Oak flooring Maple flooring Cement Baths (enamel) Lavatories (enamel) Pinks (ftfifvmel) Turpentine Rosin _ _ - -. _ . ... _ . . ....... - 1 041 774 43 823 25 992 14 123 104 301 196, 324 251, 448 61, 379 256, 482 1 164 232 67 079 35 483 20 555 177 331 265, 400 306 431 58,321 208 789 PAPER Newsprint (at mills) _ - Short tons _ 23, 346 23, 838 12 030 TOBACCO Total ... Chewing, smoking, and snuff Cigar types.- Thous. of Ibs Thous of Ibs _ Thous. of Ibs .- 1 1, 562, 225 i 1, 086, 985 i 393, 489 1, 713, 670 i 1, 754, 596 1 266 083 1 1 289 447 i 389, 913 371, 043 1, 651, 930 i 1, 724, 767 1, 219, 694 i 1 239, 936 358, 256 * 407, 006 1, 818, 564 * 1, 768, 399 1 384 627 i 1 312 142 356, 119 * 389, 178 1, 841, 645 1 416 412 353, 973 i Quarter ending September 30. UNFILLED ORDERS FOR SPECIFIED COMMODITIES DECEMB ER 31— JUNE 30— COMMODITY Unit 1923 Sheets, blue, black, and galvanized Steel (U. S. Steel Corporation) Locomotives. Oak flooring Maple flooring Baths (enamel) Small ware (e-tfaiDel) 503, 175 Short tons 6,386 Thous. of long tons . Number 2,010 38, 530 M feet b. m 28,265 M feet b m 286,888 Number 1 038,045 Number 1924 1925 1926 1923 1924 1925 1926 246, 810 3,263 440, 687 3,710 422, 237 3,479 445, 167 4,445 663,460 4,817 677 907 5,033 529, 940 3,961 50,092 9 498 111, 797 252 991 41, 744 9 317 80 050 172 026 47,700 15 375 203, 329 712 620 53,295 12 735 89, 402 254 625 61, 103 9 076 83 831 189 157 35, 995 7 669 49 804 127 104 548 36, 093 9,596 181, 907 458, 182 411 667 409 439 708 398 Percentage change Dec. 31, 1926, from June 30, 1926 +25 5 +13.9 —40.3 —13 8 —17 7 —37 8 —26 1 11 BUSINESS SUMMARY [Index and relative numbers based on the 1919 monthly average as 100—except unfilled orders which are based on the 1920 average-tenable comparisons to be made of the relative condition of the several phases of business. The use of index and relative numbers is more fully explained on the inside front cover, while further details of this summary relating to production are given in the table entitled "Indexes of Production" on page 22] IS 25 YEARLY AVERAGE 1923 PRODUCTION: Manufacturing (64 commodities—adjusted) 1 Raw materials, total Minerals Animal products Crops _ Forest products Electric power Building (awards — floor space) STOCKS (45 commodities; seasonal ad j ustment) UNFILLED ORDERS (relative to 1920) _ _ SALES (based on value) : Mail-order houses (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) CHECK PAYMENTS (141 cities—seasonal adjustment) _ _ __ „_ FACTORY EMPLOYMENT (1919 base)... TRANSPORTATION : Net freight ton-mile operation Car loadings (monthly total) Net available car surplus (end of month) 1924 1925 1926 113 119 126 117 118 119 152 108 126 117 133 113 111 126 169 138 128 121 142 114 117 119 119 74 135 52 144 56 99 165 83 124 105 185 82 125 65 75 78 94 119 114 136 117 102 121 144 106 PER CENT I NCREASE (+) OR DECK EASE (— ) 1926 Novem- Decem- October Novem- December ber ber ber December, 1926, from November, 1926 December, 1926, from December, 1925 119 — 6. 6 — 15. 2 —5 1 -fO. 8 -25. 1 —4 4 + 5. 0 -9.2 + 22 0 +24 — 9. 1 —8 5 + 10 0 -13. 1 198 45 186 47 — 6. 1 + 4.4 + 21 6 -26. 6 150 257 94 158 153 247 87 157 166 466 77 234 + 8.5 + 88. 7 — 11. 5 + 49.0 -1.2 + 9. 1 -3. 7 + 3. 5 68 76 89 99 62 73 86 97 62 72 87 98 61 71 87 98 — 1. 6 — 1. 4 0. 0 0.0 — 10. 3 — 6. 6 -2. 2 -1. 0 127 86 129 86 131 86 124 84 135 84 + 8. 9 0.0 + 4. 7 -2.3 127 123 117 115 106 146 172 131 123 108 -12. 2 + 1.9 124 83 162 48 87 167 + 92. 0 + 3. 1 122 141 123 123 164 118 190 137 133 179 165 117 232 120 202 135 121 165 158 125 199 113 199 131 113 140 150 126 149 106 209 133 128 146 129 119 174 120 178 146 171 50 132 58 153 64 174 46 118 209 84 131 123 229 84 136 144 220 86 145 168 427 80 226 64 73 78 95 70 77 84 98 65 73 86 98 69 77 90 100 103 93 110 84 127 84 135 85 115 119 108 116 115 122 25 139 • 146 — 7. 4 — 0. 1 i See p. 28, January, 1925, issue (No. 1), for details of adjustment. COURSE OF BUSINESS IN DECEMBER GENERAL CONDITIONS Manufacturing activity, after adjustment for differences in working time, was lower in December than in either the preceding month or the corresponding month of 1925. The output of raw materials showed similar comparisons, despite an increase over a year ago in the case of mineral production and in the marketings of animal products. Stocks of commodities, after adjustment for seasonal variations, were generally lower than in the previous month but higher than a year ago. Unfilled orders of manufactured commodities, principally iron and steel and building materials, were larger than at the end of the preceding month but smaller than on December 31, 1925. The volume of new building contracts awarded, measured in floor space, was smaller than in either the previous month or December, 1925, but, measured in value, December contracts were larger than in either period. The dollar volume of trade, measured by check payments, was greater than in either the previous month or December a year earlier, after adjustment for seasonal changes. Retail trade was greater than a year ago, as seen from reports from department stores and 10-cent chain stores. Sales by mail-order houses, however, were smaller than in December, 1925. Wholesale trade was smaller than in either the preceding month or December of the previous year. Wholesale prices continued to decline in December, while retail food prices, though showing no change from the preceding month, were generally lower than a year ago. Factory employment, though showing no change from November, was smaller than in December, 1925. The distribution of goods, as seen from data on carloadings, was larger than a year earlier. Interest rates on commercial paper were generally lower than in November but showed no change from December of the previous year. Prices of stocks, both industrial and railroad, averaged higher than in either the preceding month or December, 1925. Defaulted liabilities of failing business firms were larger than in either the previous month or December of the preceding year. 12 SUMMARY OP INDEXES OP BUSINESS PRODUCTION which declined. As compared with November, the The output of raw materials was smaller in Decem- December output of foodstuffs, textiles, and chemicals ber than in either the previous month or December, and oils was greater, all other classes, however, show1925, all classes of raw products showing declines ing a decline, while, as compared with December, from November except the marketing of animal prod- 1925, all classes of goods were produced in smaller ucts, which increased slightly. For the year as a quantities, except textiles, leather, chemicals, and whole, the production of raw materials was greater stone and clay products, which increased. than in 1925, all classes showing increased output COMMODITY STOCKS except forest products, which declined. As compared The index of commodity stocks when adjusted for with December a year ago, mineral output and the seasonal trends was lower than on November 30, all marketings of animal products were larger, while the groups declining except manufactured commodities marketings of crops and production of forest products other than foodstuffs. Compared with a year ago? were smaller. all groups increased their stocks except manufactured Manufacturing output, after adjustment for differfoodstuffs, with raw foodstuffs making a particularly ences in working time, was substantially lower in large gain. Average stocks of manufactured comDecember than in either the preceding month or modities held during 1926 were about the same as in December of the previous year, but for the year as 1925, while raw material stocks were larger, especially a whole manufacturing production was greater than foodstuffs. in 1925, all classes of goods showing increased production except nonferrous metals, lumber, and leather, RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES [1920 monthly average=100. Adjustment has been made for both stocks and production for their respective seasonal movements. Unfilled orders are principally those of iron, steel, and building materials. December, 1926, is latest month plotted] SALES The index of unfilled orders for iron and steel and building materials rose during December, both groups showing increases, each group, however, being lower than on December 31, 1926. Ketail trade, as seen from reports from 10-cent chains and department stores, was larger in December than a year ago. Wholesale trade, however, showed lower sales volume than in December, 1925. PRICES The wholesale price index again declined in December to the lowest point in over two years. All groups declined except farm products, foods, and miscellaneous, which were unchanged, the fuel group declining seven points. This group, however, was the only one higher than a year ago, both for December and for the year as a whole. The index of prices received by farmers also declined in December, with dairy and poultry products alone increasing over the previous month. Compared with a year ago, all groups except meat animals were lower, while for the year 1926 as a whole meat animals also showed an increase in price level over 1925 together with fruits and vegetables. 13 Retail prices for food and coal showed no change from November but were lower than a year ago. In both cases, however, the 1926 averages were higher than the 1925 figures. EMPLOYMENT Fewer workers were carried on industrial pay rolls in December than in either the previous month or December, 1925, but for the year 1926 as a whole the volume of employment was higher than in either of the two previous years. Pay-roll payments were higher than in November but lower than a year ago, while the 1926 industrial pay rolls as a whole were larger than in either 1924 or 1925. COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS WITH INDEX OF ALL COMMODITIES AT WHOLESALE [U. S. Department of Labor index numbers. Eelative prices, 1913=100. December, 1926, is latest month plotted] 250 240 90 REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE TEXTILE INDUSTRIES More wool was received at Boston in December than a year ago, while for the calendar year 1926 the same was true. Imports of wool were also larger than a year ago in both comparisons. Consumption of wool by textile mills was smaller than in November but larger than in December, 1925, but for the calendar year a decline was registered. Wool machinery was generally less active in December than in November, but more active than a year ago. Consumption of cotton by textile mills in December was larger than in the preceding month or the same month of 1925, with the calendar year also showing an increase over 1925. Exports of raw cotton showed similar comparisons. The world visible supply of cotton continued to increase and at the end of the year was more than 20 per cent greater than a year ago. Fewer cotton spindles were active than in either November or the same month of 1925, but the hourly activity was greater than in either comparative period. The production of cotton textiles was greater than in either the previous month or December of the previous year, while unfilled orders on the books at the end of 1926 were substantially larger than at the end of the preceding year. The production of cotton goods in the New Bedford district was larger than in either the previous month or in December, 1925. Exports of cotton cloth were smaller than last year, both in the monthly and annual comparisons. Deliveries of silk to consuming establishments were smaller in December than in either the preceding month or in December, 1925. Silk stocks held at manufacturing plants, although larger than at the end of the preceding month, were substantially lower than a year ago. 14 THE TEXTILE INDUSTRIES [Relative numbers, monthly average 1923-1925 taken as 100] 1920 1921 1922 1923 1924 1925 1926 1927 920 192! 1922 1923 1924 1925 1926 1927 1927 1920 1921 1922 1923 1924 1925 1926 1927 CONSUMPTION & w M 120 100 80 M- -J 1- -EXPORTS COTTON 20 1920 1921 1922 1923 1924 1925 1926 Wholesale prices for wool averaged lower in December than in either the preceding month or the same month of 1925. Prices of cotton showed similar comparisons while the wholesale price of raw silk, although higher than in November, averaged substantially lower than in December, 1925. The wholesale price index for cloths and clothing averaged lower than in either the preceding month or December, 1925. METAL INDUSTRIES Consumption of iron ore in December was smaller than in either the previous month or December of the preceding year, but for the year as a whole consumption was substantially greater, with similar comparisons registered in the case of production of pig iron. Stocks of iron ore at the end of the year were larger than the holdings of the year previous. The output of steel ingots declined from both the previous month and December of the previous year, but unfilled orders increased over the previous month, despite a decline from a year ago. Steel-ingot production in the calendar year 1926 was well ahead of the year 1925. The output of steel sheets by independent manufacturers was smaller than in either the previous month or December, 1925, with a similar comparison for the annual totals. Bookings for structural steel were smaller than in the same month of 1925, with a similar comparison for the annual total. Bookings for fabricated steel plate, while showing a decline from both the previous month and December, 1925, were greater than in 1925 for the annual total. Shipments of steel furniture were greater than in November, with the calendar year showing an increase over 1925 as well. Production of steel barrels in December was larger than in either the preceding month or in December, 1925, with the calendar year total showing an increase also over the year 1925. The production of copper, although larger than in December, 1925, was smaller than in November, but the calendar year, 1926, showed an increase over the previous year. Exports of refined copper also showed a decline from 1925 in the annual total. Shipments of enameled sanitary ware declined generally from the preceding month and December, 1925, with a similar comparison in the annual total. Sales of tubular plumbing goods showed similar comparisons. NUMBER OF ELECTRIC FANS SOLD! YEAR 1916 1917 1918 1919 1920 1921 _ Domestic 270, 604 386, 314 576, 934 583 964 704, 494 494 740 YEAR Export 31, 860 44, 231 43, 749 48, 631 103, 757 36, 801 1922 2 19232 192422 1925 1926 2 1 Compiled by the National Electrical Manufacturers' Section. 2 For "fan-year" ending Sept. 30 of year indicated. Domestic 547, 454 657, 570 639, 617 881, 025 744, 053 Export 41 899 42 699 65, 698 37 676 46, 394 Association, Fan Motor 15 THE METAL INDUSTRIES [Relative numbers, monthly average 1923-1925 taken as 100] 160 EXPORTS. PRODUCTION COPPER 1920 1921 1922 1923 1924 1925 1926 1927 1920 1922 1923 1924 1925 1926 (927 1920 1921 1922 1923 1924 1925 1926 1927 1920 1922 1923 1924 1925 1926 1927 Deliveries of tin to consuming establishments were larger than in either the previous month or December, 1925, while tin stocks in the United States were smaller at the end of December than in either comparative period. Production of zinc showed increases over both prior months, with a substantial gain registered in the annual total. Zinc stocks at refineries at the end of the year were more than twice as large as a year ago. Wholesale prices of iron and steel products were generally lower in December than in either the previous month or December, 1925. Prices for copper and zinc showed similar comparisons, while for tin December prices were lower only than those for the previous month. The wholesale price index for metals and metal products declined from both the preceding month and December, 1925, with the iron and steel group and nonferrous metals showing no change from the general trend. were higher than a year ago. Wholesale and retail prices of bituminous averaged higher than in the previous month or a year ago. The production of anthracite coal was larger than in November. Prices for anthracite, both wholesale and retail, showed no change from the preceding month. The production of coke, both beehive and by-product, was smaller than in either the previous month or the same month of last year. For the year 1926 as a whole, however, the output of both kinds of coke was greater than in 1925. The wholesale price of coke averaged lower than in either the previous month or December a year ago. PKODUCTION OF BITUMINOUS AND ANTHRACITE COAL [December, 1926, is latest month plotted] FUELS The production of bituminous coal was smaller than in November but larger than in December a year ago, with the annual total also showing an increase over 1925. Exports of bituminous were more than three times as large as last year, while the total for the calendar year was twice as large. Prices of bituminous at the mines averaged lower than in November but 1920 I I92J I 1922 j 1923 | 1924 | 1926 16 BEEHIVE AND BY-PRODUCT COKE PRODUCTION [December, 1926, is latest month plotted] HIDES AND LEATHER Production of sole leather in December was larger than in either the previous month or December, 1925, but for the calendar year sole-leather output was smaller than in 1925. Exports of sole leather, though larger than in November, were less than half as great as a year earlier, with the annual total also showing a substantial decline from 1925. Production of boots and shoes in December, although smaller than in the previous month, were larger than last year. Little change, however, was shown from 1925 in the annual output of boots and shoes. Sales of leather belting in December were smaller than in either the preceding month or December, 1925, with the 1926 total also showing a decline from the previous year. Imports of hides and skins, although smaller than in December, 1925, were larger than in November. The total importation of hides and skins during 1926 was slightly larger than in 1925. Wholesale prices for hides and skins averaged lower than in either the previous month or December, 1925. Prices for boots and shoes, although showing no change from the preceding month, were lower than a year earlier. PAPER AND PAPER PRODUCTS Production of newsprint paper in December was smaller than in either the previous month or December, 1925, but the total output during 1926 was considerably larger than in the previous year. Stocks of newsprint at mills were smaller at the end of the year than at any time since the beginning of 1920. Publishers7 stocks, however, continued to increase, being larger than at any time in more than two years. Exports of newsprint from Canada, principally to the United States, were larger in December than in either the previous month or December, 1925, while for the calendar year Canadian exports were substantially larger than in 1925. Imports of chemical wood pulp were larger in December than in either the previous month or a year ago, while mechanical pulp imports were smaller than in either comparative period. NEWSPRINT PAPER PRODUCTION AND MILL STOCKS [December, 1926, is latest month plotted] 160r BUILDING AND CONSTRUCTION Indexes of construction costs showed little change from the previous month, but, except for industrial construction, were generally lower than in December, 1925. New building contracts awarded in December were larger in value than in either the previous month or December, 1925. Measured in floor space, however, new contracts were smaller than in either comparative period. For the year 1926 the value of new building contracts was greater than in the previous year, despite a substantial decline in floor space. NEW ORDERS FOR ENAMELED BATHS AND NEW CONTRACTS AWARDED FOR RESIDENTIAL CONSTRUCTION IN 27 NORTHEASTERN STATES [December, 1926, is latest month plotted] LUMBER The production of the principal species of lumber in December was smaller than a year ago, with the 1926 annual totals showing a similar comparison. Stocks of the principal species of lumber held at the end of the year were about the same as the year previous. Exports of lumber, all species, during December, although larger than in November, were substantially smaller than a year ago, but the annual total showed a slight increase over the year 1925. Composite lumber prices for both hardwoods and softwoods showed practically no change from the preceding month but were lower than a year ago. The production and shipments of flooring, both oak and maple, were smaller than in November, and for oak smaller also than a year ago. Unfilled orders for flooring, both species, at the end of December were smaller than a year ago, while stocks of flooring, both oak and maple, were substantially larger than the holdings a year earlier. 17 STONE, CLAY, AND GLASS PRODUCTS Production and shipments of face brick averaged lower than in either the preceding month or December, 1925. For the year 1926 face-brick production was smaller than in 1925 while shipments were larger. Face-brick stocks at the end of the year were greater than a year earlier, while unfilled orders were smaller. Bookings of architectural terra cotta, both in quantity and value, were smaller than in either the preceding month or December, 1925, each item showing a decline also in the annual total. Production and shipments of Portland cement were smaller than in November and for shipments smaller also than a year ago. Cement stocks at the end of the year were substantially larger than a year earlier. New paving contracts awarded were larger than in either the preceding month or December the previous year with a similar comparison in the case of the annual total. CHEMICALS AND OILS Imports of nitrate of soda in December were larger than in either the preceding month or December, 1925. Exports of sulphuric acid showed similar comparison, while fertilizer exports declined from each comparative period. Wholesale price indexes for chemicals showed relatively little change from a year ago, while drugs and essential oils declined and prices for crude drugs averaged higher. Exports of vegetable oils, although larger than in November, were smaller than a year ago, while imports of vegetable oils showed declines from both periods. Production of cottonseed oil was greater than a year ago, with a similar comparison in the case of cottonseed-oil stocks. The price of cottonseed oil was not changed from the previous month but averaged substantially lower than a year ago. WHOLESALE PKICES OF CHEMICALS, BY GROUPS [December, 1926, is latest month plotted] sale prices for both turpentine and rosin averaged lower than in eitner the previous month or December, 1925. CEREALS Visible stocks of wheat at the end of December were larger than a year ago for the United States and slightly smaller for Canada. Receipts and shipments at terminal markets were lower than in December, 1925, while exports increased over a year ago for the United States but declined for Canada. Flour exports from the United States were larger than a year ago. Wheat prices advanced over November, while flour declined, both being considerably less in price than a year ago. Corn stocks were higher than a year ago, but receipts, shipments, exports, and grindings declined. The price of corn rose over November but declined from a year ago. For oats, receipts, exports, and stocks declined from a year ago and prices rose. Barley stocks declined from a year ago and exports and prices rose. For rye, exports were much larger than in December, 1925, while prices were lower. Receipts of rice in December declined from a year ago, and shipments and stocks increased. December car-lot shipments of apples, citrus fruit, potatoes, and onions were all larger than a year ago, as well as coldstorage holdings of apples. Hay receipts were less than in December, 1925. MEATS AND DAIRY PRODUCTS Cattle and hog movement, both for December and the year 1926 as a whole, was generally less than a year ago, with sheep movement slightly larger. Livestock prices were less than a year ago, except for hogs. Storage holdings of the various classes of meats were larger than on December 31, 1925, while exports declined. INSPECTED SLAUGHTER OP CATTLE, CALVES, SHEEP, AND HOGS [December, 1926, is latest month plotted] Receipts of turpentine and rosin at the three principal ports were larger than in either the preceding month or December, 1925. Stocks of turpentine both at ports and stills were generally greater than a year ago, while rosin stocks were generally smaller. Whole- 26446°—27 2 18 Butter receipts and storage holdings for December were less than a year ago, and prices were higher. Receipts of cheese increased over December, 1925, while storage holdings and exports declined. Egg receipts increased over a year ago and stocks declined. Receipts and storage holdings of both poultry and fish increased over a year ago. Exports of canned salmon from Canada declined. COFFEE AND TOBACCO Although more coffee was held in the United States on December 31 than a year previous, the world supply declined. The price declined both from November and a year ago. Consumption of cigarettes in December was larger than a year ago, but exports declined. Consumption of both cigars and manufactured tobacco declined from December, 1925. For the calendar year as a whole, manufactured tobacco showed a slight decline from 1925, while consumption of both cigars and cigarettes increased. TRANSPORTATION Vessel clearances in foreign trade increased over a year ago, both for December and the year as a whole. More vessels were completed than in 1925, also, both as respects December and the full year, while for the world as a whole the tonnage of launchings decreased and less tonnage was under construction than a year earlier. Sault Ste. Marie Canal traffic, though less than in December, 1925, showed an increase over 1925 for the calendar year. loadings over 1925, all groups except livestock and forest products participating therein. Railroads held fewer freight cars than a year ago, but with a larger capacity. The percentage of bad-order cars was reduced in December to the lowest rates in many years. New orders, shipments, and unfilled orders of manufacturers of freight cars declined from a year ago, but more cars were being built in railroad shops. Passenger-car orders declined from a year ago, but shipments increased. DISTRIBUTION MOVEMENT Mail-order business in December was about the same as a year ago, but the year 1926 as a whole showed a new peak for this class of business. Sales of 10-cent chains in December exceeded those of any previous month and total sales for 1926 also exceeded those of any previous year, both as a whole and averaged per store in operation. Postal receipts showed similar comparisons. Newspaper advertising linage was less than in December, 1925, but the year as a whole was the largest on record in this respect. Magazine advertising for 1926 was exceeded only by 1920, and advertising appearing in January, 1927, issues was larger than in January, 1926. SALES BY MAIL-ORDER HOUSES AND TEN-CENT CHAIN STORES [December, 1926, is latest month plotted] SURPLUS, SHORTAGE, AND BAD-ORDER FREIGHT CARS [December, 1926, is latest month plotted] BANKING AND FINANCE Fewer locomotives were ordered in December than a year ago, but more were shipped. Unfilled orders of manufacturers were less than on December 31, 1925. The surplus of idle freight cars was larger at the end of 1926 than a year earlier, and shortages were almost eliminated. Loadings w^ere slightly larger than a year ago in December, due principally to larger coal and coke movement, as merchandise loadings showed the only other increase. The year 1926 showed increased New life insurance business in December was slightly larger than a year ago, both in number of policies and in amount of insurance, although group insurance declined and fewer policies were represented in ordinary insurance. The calendar year total was the highest recorded in amount of new insurance placed, but fewer policies were represented than in the 1925 business, due to the smaller number of industrial policies placed. December sales of ordinary insurance exceeded those of a year ago for all sections of the United States, except the western agricultural and the southern. All sections showed increases for the calendar year, as well as Canada. 19 SALES OF ORDINARY LIFE INSURANCE, BY GEOGRAPHICAL DIVISIONS [December, 1926, is latest month plotted] 1,000 deposits than in December, 1925. New York banks had less loans outstanding to brokers than a year ago. Government receipts for the calendar year increased more than expenditures, customs receipts making a new peak. The outstanding Government debt was reduced by over $1,000,000,000 during the year. The amount of money in circulation on December 31 was slightly less than a year ago, but for the calendar year it averaged higher than in 1925. While call loan rates increased over November, they were lower than a year ago. The Federal reserve rediscount rate at New York was higher than a year ago, the average intermediate credit banks' rate lower, while the Federal land bank rate and the commercial rate were the same as in December, 1925. All these interest rates averaged higher in 1926 than in 1925, except the Federal land banks, which remained unchanged. LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL RESERVE MEMBER BANKS I UNITED STATES TOTAL EASTERN MANUFACTURING 3 WESTERN MANUFACTURING WESTERN AGRICULTURAL SOUTHERN FAR WESTERN [December, 1926, is latest month plotted] TOTAL LOANS AND DISCOUNTS- 1922 1923 1924 1925 1926 TOTAL INVESTMENTS 1921 BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS [December, 1928, is latest month plotted] Check payments, as shown by bank debits, increased over a year ago, both for December and the year as a whole. Federal reserve banks at the end of December had less discounts, investments, and deposits than a year ago, but larger note circulation and reserves and a higher reserve ratio. Member banks showed larger loans and discounts and investments, with smaller 1922 1923 Stock prices in December averaged higher than the month previous and as a rule were higher than a year ago. The yearly averages for 1926 exceeded the 1925 averages, except for the index of southern cotton mills. All classes of bonds increased in price over both November and a year ago, the yearly average also exceeding 1925 in all groups. Municipal bond yields declined slightly from November and for the year as a whole were slightly higher than in 1925. Both stock and bond sales were less in volume in 1926 than in 1925. Although the volume of corporate securities issued in December declined both from November and a year ago, the year 1926 was the largest on record in this respect, the increase over 1925 being chiefly in the form of bonds. Railroads and real estate alone had a smaller volume of bonds issued than in 1926. Foreign government loans were less than in 1925. Fewer municipal loans were made than in 1925, both for December and the year as a whole. New incorporations were less than in December, 1925, but for the calendar year were the largest since 1920. Business failures were larger in December than a year ago, both in number and liabilities, except for liabilities of trade establishments, but 1926 showed the 20 lowest aggregate liabilities Involved in failures since 1920, though the number of firms continued to increase. Bank failures for the last quarter of 1926 and for the year were considerably higher than in the corresponding 1925 periods in both number and liabilities. NUMBER OF BUSINESS FAILUEES AND DEFAULTED LIABILITIES [December, 1926, is latest month plotted] both the United States and C inada increased over the previous December, product] m for the calendar year declining from 1925 in the U dted States but increasing in Canada. Stocks of producers in the United States were smaller on December 31 than a year earlier while Canadian producers had larger stocks* The prices of silver continued to decline. FOREIGN EXCHANGE AND TRADE Total dividend and interest payments made a new high record in 1926. All groups of dividend payments increased. Although the average payments on industrial stocks were less in the last quarter of 1926 than a year previous, the 1926 average as a whole was higher than in 1925. Exchange rates on France, Italy, India, and Argentina increased over November, while Canada, Japan, Brazil, and Chile showed decreases. Yearly averages of foreign exchange in 1926 were higher than the 1925 averages for England, Japan, and the South American countries, while for France, Italy, Belgium, and the Netherlands, 1926 averages were lower. December exports declined from November and were about the same as a year ago. Total exports for the year declined slightly from 1925. Imports declined, both from November and a year ago, the 1926 total showing a gain ov< r 1925. The net export balance was less in 1926 thar in the previous year. IMPORTS AND EXPORTS o MERCHANDISE [December, 1926, is lates month plotted] GOLD AND SILVER Imports and exports of gold were about the same as in November but larger than a year ago, especially imports. For the year as a whole imports exceeded exports as against a net export balance in 1925. Domestic receipts of gold at the mint were less than a year ago, both for December and the calendar year. GOLD TRADE BALANCE, SHOWING EXCESS OF IMPORTS OR EXPORTS [December, 1926, is latest month plotted] CENSUS OF MANUFACTURES, 1925 The foreign trade in silver declined from December, 1926. Imports increased over 1925 for the calendar year while exports declined. Silver production in The Bureau of the Census announces preliminary reports from additional manufacturing industries, collected pursuant to the census of manufactures for the year 1925. The following table summarizes some important data made available since the publication of the previous issue of the SURVEY, earlier figures having been presented in each issue beginning with July, 1926. Further compilations will appear in the future issues as the data relating thereto are completed. Statistics in greater detail for each industry may be obtained from the bureau's preliminary statements on the respective industries. 21 ADDITIONAL PRELIMINARY RETURNS, CENSUS OF MANUFACTURES, 1925 VALUE OF PRODUCTS INDUSTRY 1923 1935 Thousands of dollars Acids Aluminum manufactures Artificial flowers Awnings, tents, and sails Asbestos products, other than steam packing, or pipe and boiler covering. _ _ Beet sugar Boot and shoe findings, not made^ in boot and shoe factories . _ _ Brushes Canning and preserving fruits and vegetables, pickles, jellies, preserves, and sauces __ __ Cast-iron pipe and fittings... Cement Compressed and liquified gases Confectionery Cooperage Dental goods Dyeing and cleaning establishments Engraving and diesinking Fur goods Furniture _ _ _ Gas and water meters and acetylene and gasoline gas generators Glass Hand stamps, stencils, and brands Leather belting _ Leather gloves and mittens .. Leather, tanned, curried, and finished - Lime _ Mirrors Nitrogen and fixed nitrogen compounds Optical goods Paper and wood pulp Per cent minimum month Per is of maximum cent inPer month cent in- crease crease i over 19231 1925 1933 82, 613 125, 697 17, 824 48, 834 82, 027 106, 930 19, 650 45, 276 0.7 17.5 -9.3 7.9 -14.0 -8.3 4.9 93.5 72.3 55.4 77.9 77.4 57.0 36, 174 132, 339 36,820 118, 314 -1.8 11.9 0.8 17.2 84.8 14.3 77.2 8.7 52,064 45, 824 48, 013 50, 511 8.4 -9.3 9.4 -10.1 80.0 91.0 80.8 94.4 616, 068 100. 388 300, 895 515, 316 92, 674 264, 098 19.6 8.3 13.9 18.4 6.8 9.5 13.3 95.6 85.7 16.5 89.3 83.1 56, 405 380, 761 67, 735 38, 769 54, 402 366, 256 73, 134 32, 422 3.7 4.0 -7.4 19.6 0.2 -4.5 15.1 65.8 91.4 96.9 68.4 89.0 89.8 -3.2 84 8 86.9 65.0 102, 647 8,623 254, 266 868, 146 9,121 34, 292 295, 959 34, 250 309, 353 0.1 -4.3 -10.0 -5.4 95.7 90.3 86.5 88.8 15, 321 31,811 37, 164 11, 131 37, 724 38, 081 37.6 -15.7 -2.4 26.7 -16. 6 —16.3 92.8 92.4 89.9 92.6 SO. 8 85.1 -5.5 462, 014 50, 652 34, 679 488, 898 47, 244 33, 468 -5.5 7.2 3.5 31,410 33, 655 971,882 30, 436 3.2 907, 347 7.1 i A minus sign (—) denotes decrease. PERSONS EMPLOYED -11.2 -1.8 19.1 2.6 93.8 83.5 91.3 76.0 97.0 i 93.3 90.3 79.5 96.6 95.8 VALUE OF PRODUCTS INDUSTP.Y 1925 1923 Thousands of dollars Petrnfeiim refmirig 2,373,178 Plated ware.. 54, 330 Pocketbooks, purses, and cardcases.- . _ 43, 184 Potassium compounds 5,898 Professional and scientific instruments -_ 72, 387 1,332,679 Railroad repair shops Safes^ vaults, and steel 23,044 burial vaults 34, 253 Salt Scales and balances 27, 237 Sewing machines, cases, and attachments 46, 298 Shipbuilding 177, 151 Silversmithing and silver32, 532 ware Sodium compounds 110, 096 Statuary and art goods 9,330 (factory product) Steam and other packing, pipe and boiler covering and gaskets 43, 860 Sulphuric, nitric, and mixed acids 23, 307 Tanning materials, natural dyestuffs, mordants and assistants, and sizes 34,784 Tin cans and other tinware __ 260, 360 Tin and other foils, not including gold and silver, collapsible tubes _ _ 30, 060 Trunks, suit cases, and bags. 61, 098 Umbrellas, parasols, and canes 27, 299 Wall plaster, wall board, and floor composition 90,957 Washing machines, clothes wringers, dryers, and ironing machines for domestic use _ _ _ 69, 568 Window shades and fixtures _ 41, 658 Wood distillation and charcoal manufacture 25, 283 PERSONS EMPLOYED Per cent minimum month Per is of maximum Per cent inmonth cent in- crease crease * over 19231 1925 1923 1,793,700 53, 899 32.3 0.8 -2.2 -6.8 91.9 * 80.9 91.5 90.4 32, 732 6,319 31.9 -6.7 23.9 80.2 80.1 63, 074 14.8 1,520,093 -12.3 -3.6 -12.5 86.3 95.3 90. Q 92.0 19, 101 36, 837 24, 157 20.6 -7.0 12.8 11.2 -7.4 1.1 93.0 90.7 91.0 90.7 90.1 93.1 45, 967 213, 232 0.7 -16.9 -9.8 -19.4 93.4 84.9 92.7 87.8 27, 207 111, 848 19.6 -1.6 12.4 88.9 85.2 23.6 12.5 82.6 84.9 7,550 32, 991 32.9 20.1 88.2 86.4 24, 405 -4.5 -6.8 94.7 92.7 35, 972 215, 971 -3.3 20.6 94.2 79.8 82.2 84.5 23, 465 63, 023 28.1 -3.1 8.9 -9.7 90.6 95.2 88.8 86.7 28, 395 -3.9 -1.2 -23.1 -2.0 83.7 87.1 73,801 23.2 18.2 87.6 82.6 50, 373 47,640 38.1 -12.6 15.2 -13.1 82.0 90.4 89.3 92.9 29, 695 -14.9 2.3 89.2 89.9 22 INDEXES OF PRODUCTION The index numbers presented in this table are designed to show the trend in production, prices, trade, etc., in various groups of industry and commerce. They consist in general of weighted combinations of series of individual relative numbers; often the individual relative numbers making up the series are also given. The function of index and relative numbers is explained on the inside front cover. A condensed form of this table is given on page 9. The regular semiannual detailed table in this issue presents comparable data for earlier years on page 26. On other pages the remaining indexes usually found in this table are given. 1925 PER CENT INCREASE (+) OR DECREASE (— ) 1926 Maximum since Jan. 1, 1920 Minimum since Jan. 1, 1920 October 180 73 158 146 141 179 165 220 154 122 273 150 191 142 131 145 62 105 41 0 0 17 78 38 57 80 140 206 137 1 178 140 188 124 130 98 129 196 131 2 108 133 174 134 104 104 123 195 136 3 0 138 184 138 96 104 138 253 143 177 153 245 390 185 190 80 19 58 64 54 30 21 45 94 115 33 136 91 141 60 139 122 138 119 41 111 103 76 36 314 87 133 246 242 254 405 346 170 49 43 58 50 12 19 196 106 234 274 310 114 136 137 164 267 149 61 59 51 20 24 Grand total (adjusted for working days) 135 Grand total (unadjusted) 137 129 Foodstuffs 130 Textiles 151 Iron and steel 166 Lumber _ 115 Leather 127 Paper and printing Chemicals, oils, etc _ __ _ 206 174 Stone and clay products _ Metals, excepting iron and steel. _ 195 137 Tobacco 157 Miscellaneous 71 68 77 54 32 57 63 69 92 69 71 70 37 NoDevember cember December, 1926, from November, 1926 December, 1926, from December, 1925 165 140 -15.2 -0.1 165 219 141 118 238 149 189 141 110 108 158 220 154 101 100 148 183 138 106 101 150 229 149 103 1 144 195 146 90 108 -5.1 + 4. 1 -3.2 + 1.9 -99. 0 -2.7 + 6.6 + 5.8 -15. 1 + 6.9 +22.0 + 17.4 + 9.6 123 31 100 117 71 53 345 54 136 117 39 130 87 136 59 157 137 145 125 47 120 95 85 49 353 115 136 126 56 90 105 75 63 388 77 141 + 0.8 + 19. 1 -25. 0 + 10. 5 -11.8 + 28. 6 + 9.9 -33.0 + 3.7 +2.4 + 80.6 -10.0 -10.3 + 5. 6 + 18.9 + 12. 5 + 43.0 + 3.7 174 110 121 175 277 138 164 137 86 83 239 135 232 135 250 399 346 137 199 108 137 202 343 142 149 90 104 104 251 117 -25.1 -16.7 -24.8 — 48. 5 -26. 8 -17.6 -9.1 -34. 3 + 20.9 + 25.3 + 5. 0 -13.3 136 137 119 178 94 120 120 124 131 104 118 116 120 151 109 120 119 89 209 97 113 110 108 184 105 106 102 97 209 142 -6.2 -7.3 -10.2 + 13. 6 + 35.2 -10.2 12 1 -19.2 + 38.4 + 30.3 132 137 113 108 130 166 96 118 188 158 193 132 148 128 123 98 105 131 144 77 114 181 133 159 116 129 122 122 107 110 134 142 76 119 186 112 167 104 119 133 133 108 112 139 148 96 125 206 162 178 137 129 122 122 101 113 127 137 84 123 205 144 154 128 105 113 113 105 116 119 128 83 118 210 115 148 104 91 -6.6 -6.6 + 4.0 + 2.7 -6. 3 -6.6 -2.4 -4. 1 + 2.4 -20. 1 -3.9 -18.8 -13.3 -7.4 -7.4 -1.9 + 5.5 -11. 2 -9.9 + 9.2 -0.8 + 12.9 + 2.7 -11.4 0.0 -23.5 NoDevember cember October PRODUCTION (Relative to 19 monthly average as 100) RAW MATERIALS Grand total _ _ __ MINERALS Total Petroleum __ Bituminous coal Anthracite coal Iron ore* _ _ _ _ Copper Lead Zinc _ _ Gold Silver + 4.3 + 6. 0 + 5.8 -6.3 + 3.8 ANIMAL PRODUCTS (marketings) Total Wool* Cattle and calves _ Hogs Sheep _ _ _ _ _ Eggs* Poultry* Fish _ Milk (New York) CROPS (marketings) Total Grains* Vegetables* _ Fruits* Cotton products* Miscellaneous crops* __ _ _ _ FOREST PRODUCTS Total _ Lumber Pulp wood Gum (rosin and turpentine) * Distilled wood MANUFACTURING " Fluctuations between maximum and minimum due largely to seasonal conditions. 23 CANADIAN INSPECTED SLAUGHTER OF LIVESTOCK1 [Number of animals] 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 32, 362 26,964 25,223 42, 329 26, 242 19, 217 25, 960 40, 189 29, 984 24,963 35, 863 40,958 31,694 31, 650 39,008 41, 017 42, 382 29, 301 34, 186 42, 265 42, 658 32, 726 42, 872 56, 732 47, 937 32, 235 43,964 68,238 47, 916 33, 103 56, 727 80, 059 51, 769 31, 272 50, 496 49, 038 44, 845 39, 568 64,149 78,841 49, 816 41, 556 60,943 71, 769 55, 463 47, 775 59, 161 85,634 60, 415 48, 624 73, 934 87, 197 64, 226 53, 402 83,706 90,630 44,347 39,905 43,026 40, 050 41, 685 39, 734 37,208 45,974 40,629 36,800 37, 520 42, 372 54,764 44,315 39, 221 53,367 49,864 41, 825 45, 639 68,729 64,772 48, 296 62, 524 82, 621 57, 672 46, 421 79, 405 98, 574 78, 136 68,352 54, 966 60,943 61, 250 60, 821 46, 959 65, 708 81,633 64,680 57, 665 72, 466 80, 761 55, 203 62,859 71, 598 91, 116 74, 749 69, 382 68, 675 86, 003 75, 959 73,801 77, 643 100,093 100, 021 87,244 92, 541 55, 139 84, 256 79, 467 . _. . 42, 056 49,961 52,896 74, 272 57, 806 49/261 64, 609 80, 127 47, 526 63,027 85, 522 97, 537 64,220 82, 721 115, 728 109, 305 64, 753 98, 385 119, 164 119, 968 111, 175 98,099 134, 106 139, 614 100, 750 87, 780 96,112 112, 867 53,740 67, 946 76,944 90, 498 62, 212 80, 544 96,239 90,095 60, 976 68, 586 96,061 95, 326 57, 564 76, 980 89,230 105, 191 76, 265 89, 973 118, 920 100, 644 82, 701 100,990 110, 746 124, 499 89, 320 545, 124 45, 427 511, 144 42, 595 530, 502 44,209 645, 342 53, 779 726, 698 60, 558 881, 893 73,491 947, 015 78, 918 831, 701 69, 308 715,313 59, 609 831, 701 69, 308 812, 142 67, 679 899, 621 74,968 975, 814 1,097.418 81,318 91, 452 January February. March April . 145, 481 132, 535 126, 175 144, 610 196, 510 175, 169 166, 872 168, 671 336, 173 288,173 257, 114 201, 894 230, 094 190, 176 208, 422 183, 374 198, 471 155, 820 200,434 180, 726 215, 519 177, 761 204, 411 159, 380 253,477 211,084 194, 345 216, 352 184, 572 152, 896 161, 809 164, 802 151, 397 128, 337 120, 367 115, 479 168, 988 144, 398 159, 142 154, 691 225, 165 175, 831 168, 855 200, 364 259, 380 255, 347 255, 760 242, 225 335, 413 245, 440 240, 476 219, 884 232, 242 199, 978 216, 917 203, 892 May 158,890 141, 212 129,836 122, 978 161, 522 193, 912 187, 184 155, 953 214, 451 213, 745 183,097 135, 414 179, 436 177, 986 146, 592 166, 283 189, 795 170 550 140, 341 142 462 204, 663 142, 617 162, 544 134, 931 185, 606 190, 572 181, 855 144, 205 159, 340 160, 498 139, 387 93, 764 145, 036 122, 022 94, 695 107, 980 160, 920 152 146 120, 779 125 815 190, 757 131 492 157, 632 164 222 236,886 213, 123 176, 612 184, 709 210, 073 225, 372 168, 162 155 310 203, 458 182 057 164, 310 164 518 113, 578 133, 662 157, 029 158,664 157, 860 197, 428 226, 136 268, 212 136, 092 210, 345 206, 927 233, 036 172, 057 181, 780 257, 647 225, 631 106, 671 157, 382 212, 385 228, 479 112, 684 191, 911 280, 041 285, 177 153, 094 185, 360 215, 600 199, 826 97, 169 142, 686 189, 242 139, 070 100, 667 155, 897 204, 683 189, 829 130, 943 176, 597 230, 455 202, 338 150, 692 192, 194 243, 151 256, 039 185, 049 260, 743 291, 400 352, 409 173, 536 208, 502 224, 359 235,204 189, 275 216, 762 263, 527 254, 489 MONTH 1926 CATTLE January February March April _ _ May June July August September October November December Total Monthly average.. SWINE June July August September October. November December _. Total 1, 664, 650 2, 255, 429 2, 616, 461 2, 319, 478 2, 083, 516 2, 271, 639 2, 331, 876 1, 785, 235 1, 636, 389 1 927,212 2, 256, 394 2, 913, 643 2, 641, 731 2,491.425 194, 323 148, 770 218, 038 189, 303 Monthly average. . 138, 721 187, 952 193, 290 173, 626 188, 033 242,804 220, 144 207, 619 136, 366 160, 601 SHEEP January... February March April May June July . .. August September October. . November . December _ __ Total Monthly average.. 15,501 6,930 8,238 11, 326 17, 152 7,484 5,412 5,431 13, 885 5,014 4,704 2,089 16, 898 7,781 4,020 4,423 20, 495 5 607 3,796 2,858 16, 112 4,613 2,710 1,487 25, 484 11, 666 6,192 3,327 20, 537 5,907 3,562 1,982 24, 623 15, 450 9,850 4,645 20, 259 14 180 11, 366 7,150 29, 490 14 465 14, 420 9,209 29,062 14 820 12, 116 9,3Q8 19, 310 11 172 10, 847 13, 341 25 666 16 686 22 296 15,036 15, 399 * 24, 307 38, 498 46,106 9,813 17,246 31, 415 39, 932 5,573 16, 793 29, 223 43, 640 8,831 16, 943 23,918 38, 277 3,889 6 764 14,587 31, 750 2,588 9,302 20,100 33, 895 2,962 8,185 31, 687 58, 737 4,601 21, 311 37, 216 63, 797 10, 693 28, 634 42, 263 78,541 16,088 32 184 44, 913 86,488 11, 037 19 171 31, 883 73, 056 11,909 19 697 34 565 45,035 10, 674 16 851 31, 272 43,830 11, 391 19 037 30 373 51, 052 77, 160 105, 712 100,648 50, 080 61, 167 100, 227 119, 844 38, 495 57, 689 91,843 96, 199 31, 399 55,005 92, 106 114, 872 32, 302 51, 991 80, 679 91, 982 28 962 49, 741 83, 307 98, 654 55,545 95, 849 161, 850 151, 054 56, 467 131, 413 161, 883 148, 359 62, 195 123, 924 151, 941 113, 486 42,900 112, 243 131, 537 81, 164 38 831 70, 272 108 463 84, 676 33 603 69,608 142 203 80, 112 41 806 72,690 129 283 89, 578 41 856 74, 702 113 389 119 940 46 201 499, 905 41, 659 453 618 37, 802 398, 051 33, 171 415, 376 34, 615 343 360 28,613 378 054 31, 505 613 460 51, 122 662, 763 55, 230 646 950 53, 913 596 403 49,700 499 745 41, 645 510 241 42,520 490 704 40, 892 545 769 45, 481 i Compiled by Dominion Bureau of Statistics, Internal Trade Branch, covering all slaughter under Canadian inspection. 24 INDUSTRIAL PUMPS (STEAM, POWER, AND CENTRIFUGAL) [Thousands of dollars] 1919 MONTH 1920 1921 1922 1923 1924 1925 1926 NEW ORDERS 1,203 1,031 1,216 1,280 3,771 3,740 3,116 2,675 1,168 858 1,166 1,262 956 939 1,192 1,199 1,789 2,203 2,469 2,400 1,191 1,164 1,409 1,526 1,228 1,164 1,649 1,471 1,331 1,280 1,656 1,669 May June. July.. . August 1,441 1,509 2,031 2,291 2,380 2,479 2,631 2,480 1,005 1,031 1,109 964 1,311 1,611 1,500 1,279 1,722 1,848 1,598 1, 447 1,433 1,119 1,129 1,099 1,483 1,661 1,563 1,791 1,730 1,834 1,594 1,947 September October _ _ _ _ _ November December . _ 2,043 2,661 2,628 3,250 2,626 1,979 2,413 1,794 655 1,015 1,134 1,497 1,848 1,512 1,683 1,839 1,188 1,275 1,180 1,079 1,082 1,071 934 1,383 1,323 1,481 1,289 1,336 1,468 1,484 1,462 1,533 22, 584 1,882 32, 084 2,673 12, 864 1,072 16,869 1,406 20, 148 1,679 14, 540 1, 2;2 17, 419 1,452 18, 988 1,582 January.. _ February March.. April _. _ __ Total Monthly average SHIPMENTS January February.. March April _ _ ._ May June.. July August : September.. October November December _ _ Total Monthly average.. _ _ _ 923 953 1,043 1,195 2,191 1,741 2,907 1,842 1,752 2,115 1,893 1,790 1,116 1,275 1,291 1,027 1,284 1,436 1,672 1,855 1,202 1,222 1,347 1,444 1.012 1,141 1,411 1,354 1, 193 1,275 1,408 1,460 1,100 1,231 1,740 1,447 2,319 2,874 2,663 2,476 1,414 1,620 1,452 1,131 1,001 1,121 1,403 1, 308 1,903 1,833 2,038 2,145 1,451 1,463 1,185 1,151 1,392 1,539 1,498 1,428 1,603 1,698 1,611 1,919 1,622 1,871 1,835 2,589 2,688 2,744 2,974 • 3,091 1,002 1,011 1,115 1,325 1,232 1,265 1,352 1,657 1,838 1,947 1,564 1,515 1,109 1,232 1,094 1,225 1,461 1,582 1,290 1,625 1,703 1,540 1,674 1,541 17, 549 1,462 30, 510 2,543 17, 620 1,468 15, 048 1,254 21, 030 1,753 15, 125 1,260 16, 733 1,394 18, 625 1,552 UNFILLED ORDERS, END OF MONTH January February March April _ May_ June July August _ _. _. September October November December . _ _ Monthly average __ 4,296 4,321 4,414 4,600 11, 556 13, 562 13, 265 14, 554 9,338 7,931 7,116 6,533 4,854 4,518 4,330 4,472 5,599 6,367 7,154 7,615 1,202 1,222 1,444 1,347 1,012 1,141 1,411 2,975 * 2,910 2,892 3,121 3,385 4,396 4,567 5,481 6,244 14, 535 13, 642 12, 897 12, 490 6,030 5,483 4,995 4,820 3,820 4,328 4,415 4,398 7,398 7,365 6,913 6, 251 1,451 1,463 1,185 1,051 3,031 3,150 3,212 3,530 3,546 3,619 3,586 3,606 6,418 8,593 9,697 9,889 12, 363 11, 486 11, 421 10, 060 4,808 4,794 4,797 5,044 4,784 4,999 5, 266 5,386 5,470 1,947 1,564 1,515 1,109 1,232 1,094 1,225 3,378 3,252 3,256 2,765 3,332 3,256 3,029 2,992 6,076 12, 653 5,974 4,631 5,430 1,252 2,676 3,273 1 Compiled from data furnished by the Hydraulic Society, the original figures being prorated to compare with reports from 23 identical firms beginning with April, 1925. The number of members reporting gradually increased from 14 in 1919, representing about two-thirds of the 1925 membership, until the full 23 companies reported. These totals are believed to represent about two-thirds of the industry, and in 1923 these shipments represented about 23 per cent of the total production of all pumps and pumping machinery according to the census of manufactures. Details are given on the association's reports as to single steam pumps, duplex steam pumps, power pumps, centrifugal pumps, and reciprocating deep-well pumps. Data as originally reported are shown on page 44. 25 SILVER, PRODUCTION AND REFINERY STOCKS AT END OF MONTH [Thousands of fine ounces] 1931 MONTH 1923 1922 1924 1925 1926 1921 PRODUCTION, MEXICO January February.. March April _ . May June July August •- September October November December Total Monthly average 1922 1923 1924 1925 1926 PRODUCTION, CANADA 7,006 5,661 3,815 4,847 6,115 6,050 6,730 5,643 7, 292 7,068 6,332 8,345 6,988 6,868 8,311 7,296 6,608 7,540 7,996 7,836 5,562 8.707 9,192 8,839 1,217 1,343 1,309 738 1,266 1,410 1,347 1,143 1,417 1,084 1,610 1,302 1,414 1,153 1,905 1,033 1,294 1.275 1,576 958 1,126 1,636 1,920 1,373 3,904 5,075 5,208 5,226 7,113 6,779 6,053 7,081 8,007 7,825 6,862 7,503 7,975 6,814 7.073 7,954 6,904 7,596 7,732 6,900 7,997 8,401 6,980 6,134 815 720 1,229 951 1,002 1,097 1,700 1,377 1,468 1,090 2,007 1,831 1,370 1,389 1,724 1,668 914 1,005 1,226 1,594 1,546 1,510 2,665 2,142 5,260 6,138 5,533 6,793 6,120 7,838 7,503 8,051 6,852 8,037 7,942 8,746 7,258 9,000 7,345 8, 556 7,607 8,418 8,027 9, 721 7,632 9,612 988 1,263 1,350 1,082 1,463 1,946 1,302 1,937 1,539 1.121 1, 209 1,339 1,524 1,276 1,285 1,201 1,692 1,570 1,286 1,538 1,926 2,030 1,742 2,047 64,466 5,372 81,076 6,756 90, 811 7,568 91,438 7,620 92, 885 7,740 13. 005 1,084 16, 990 1,416 17, 017 1,418 16, 942 1,412 15, 928 1,327 21, 663 1,085 STOCKS, UNITED STATES STOCKS, CANADA 2, 163 1,965 1,655 2,377 298 211 395 357 327 280 723 380 976 454 728 329 312 820 417 633 927 1,025 395 336 1,013 1,215 652 528 715 694 634 594 492 340 510 302 813 729 775 337 486 523 554 361 749 819 648 961 1,027 590 637 512 285 452 402 369 390 690 318 1,175 848 880 385 1,067 557 518 539 280 589 392 821 575 748 571 432 363 526 638 744 661 334 405 610 296 377 600 198 429 312 225 293 223 693 546 772 738 675 902 377 212 524 745 500 814 342 181 351 346 664 523 713 1,060 277 202 513 365 336 543 242 326 242 396 865 840 r559 _ _. 491 699 682 227 597 360 429 518 379 704 675 541 495 655 634 775 1,343 1,085 941 Monthly average 1,091 446 459 719 453 542 655 636 409 544 442 839 January __ February. March April May June July August - . September October November.. December _ _ i Compiled by the American Bureau of Metal Statistics, the Mexican statistics being reported by the Mexican Government and the other data directly by the producers. The United States, Canada, and Mexico combined produced about 75 per cent of the world's silver output in 1923. Canadian production is incomplete as the silver contained in blister copper, lead bullion,and lead and zinc ores exported is omitted. Production for both the United States and Canada includes purchases of crude silver by the mints in each country. 26 Table 1.—INDEXES OF PRODUCTION [Index numbers for base year in bold-faced type] FEDERAL RESERVE BOARD INDEXES DEPARTMENT OF COMMERCE INDEXES Raw materials2 Manufacturing (64 commodities),1 by groups YEAR AND MONTH Unadjusted Adjusted Total 22 basic comManu- modiAgricul- Mining^ facturCrop Animal ture 3 (40 (8 com- ing 3 ties * market- products Forestry com(48 com- (correctMinerals ings (26 (9 com- (13 com- modi- modied for modi- seasonal ties) (9 commodities) commodities) ties) modi- modities) deties) ties) . ment) Relative to 19091913 av. Kelative to 1919 Relative to 1919 100 100 100 100 100 1OO 100 100 99 103 108 100 116 93 98 100 98 79 101 114 133 98 107 100 98 79 101 94 112 113 95 98 106 102 86 110 91 105 110 117 92 95 102 80 104 105 80 98 119 113 126 128 119 113 126 128 114 119 116 121 147 138 145 167 136 126 133 142 102 118 111 117 117 117 113 114 121 119 126 119 108 117 111 132 122 127 137 124 115 128 133 120 108 116 120 114 121 110 112 114 116 114 ,112 153 180 156 143 148 156 135 135 134 141 122 124 193 246 195 158 110 112 125 138 119 123 114 108 152 193 160 143 124 134 122 130 113 124 113 117 103 109 108 117 122 115 129 130 117 124 129 130 122 95 97 86 145 124 130 131 145 114 118 119 119 81 75 49 113 102 112 115 116 111 125 130 118 88 86 72 141 119 123 118 127 120 134 132 127 124 120 119 128 129 128 122 128 129 128 122 93 94 99 116 154 153 160 165 140 139 145 151 55 55 69 106 114 120 111 107 132 134 126 132 79 83 88 104 125 125 129 136 129 125 126 121 111 110 113 109 122 137 123 122 122 132 128 122 151 158 146 141 145 155 141 133 133 140 129 123 191 196 174 164 105 115 119 123 134 136 120 118 152 166 149 148 121 130 125 129 126 141 129 129 111 116 115 121 122 121 137 132 122 130 132 132 111 92 97 89 133 123 141 133 122 113 130 123 109 79 70 57 107 95 113 110 108 114 126 123 108 88 85 75 129 115 137 127 129 125 142 137 120 120 123 122 May June July August 130 130 127 135 130 130 127 135 94 99 116 122 164 180 190 199 135 144 150 156 57 63 103 114 118 121 115 111 131 128 119 117 85 91 107 106 128 132 135 139 134 133 129 138 117 118 118 116 September October November December a 135 133 122 113 135 133 122 113 148 179 165 140 196 206 181 161 156 165 158 150 172 232 199 149 111 117 125 126 120 120 113 106 144 190 165 142 153 157 152 138 139 130 120 121 122 124 121 1919 1920 1921 1922 monthly average monthly average. monthly average monthly average 1923 1924 1925 1926 monthly average monthly average monthly average monthly average _ _. 1924 September _. October - . November . December ...... 1935 January February March April . „_ ... May June July August _ ._ September October November December 1926 January February March April « .- _ _ . ... 1927 January April May i Weighted average of 64 commodities (glass bottles having been dropped from the original 65 commodities), representing about 36 per cent of the entire manufacturing industry, based on value added by manufacture, as compiled by the U. S. Department of Commerce, Bureau of the Census: For details see January, 1923, issue (No. 17) and January, 1924, issue (No. 29) of SURVEY OP CURRENT BUSINESS. The adjusted index eliminates changes due to the varying number of working days in each month, thus enabling comparison of productive activity to be made on a basis of 26 working days for each month. Details of the method employed appeared in January, 1925, issue (No. 41), p. 28. . * Weighted averages, compiled by the U. 8. 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. 'Weighted averages compiled by the Federal Reserve Board: For details see issues of the Federal Reserve Bulletin for March, 1922, and March, 1924. * Weighted averages compiled by the Federal Reserve Board and corrected for seasonal variations: For details, see December, 1922, issue of the Federal Reserve Bulletin. 'Partly estimated. 27 Table 2.—INDEXES OF COMMODITY STOCKS AND UNFILLED ORDERS [Index numbers for base year in bold-faced type] UNFILLED ORDERS > (end of month) STOCKS i (held at end of month) Unadjusted indexes Adjusted for seasonal element Other YEAB AND MONTH Total Raw foodstuffs Raw Manu- manufacmatefactured rial for tured commanu- foodfacture stuffs modi- Other Total Raw foodstuffs Raw Manu- manumatefacfacrial for tured tured manu- foodcomfacture stuffs modi- Total Iron and steel Building materials ties ties Relative to 1920 Relative to 1919 100 100 100 100 89 161 192 106 147 110 94 78 72 98 135 117 100 100 48 54 100 47 62 119 134 145 163 144 152 170 229 111 119 134 146 81 85 78 78 130 162 174 175 74 52 56 50 57 39 43 39 129 106 109 96 128 124 121 120 148 128 112 114 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 96 107 127 142 144 155 119 145 154 191 116 168 180 174 100 93 83 82 157 157 158 162 134 135 135 144 145 148 152 186 118 130 134 136 90 86 84 88 165 160 155 152 46 43 53 62 34 34 42 49 97 81 99 114 1925 January February March . . _ April 162 164 159 144 216 230 236 195 157 137 118 104 85 83 73 69 172 178 176 176 155 151 150 141 186 181 193 172 149 139 128 119 87 86 80 74 178 177 173 174 62 63 58 54 50 50 46 42 115 115 105 104 May June July August 135 136 125 124 170 164 122 118 93 89 84 88 64 76 91 91 177 179 175 173 145 143 133 142 191 182 149 158 107 102 100 119 73 76 83 78 177 178 173 185 53 51 51 52 39 37 36 36 107 106 113 121 139 141 144 162 133 121 134 196 153 194 193 199 87 77 73 71 171 172 172 172 148 131 132 153 160 113 128 206 155 144 142 155 79 73 74 75 180 176 170 161 52 53 58 64 38 43 47 51 109 94 101 119 165 166 164 159 218 237 250 243 181 163 142 123 72 69 65 65 175 175 173 172 167 164 154 157 228 227 198 206 169 163 153 141 74 74 80 95 179 174 170 169 61 57 55 51 48 44 43 38 114 110 105 104 May June July . August 149 157 151 146 215 237 203 191 114 109 98 90 65 79 97 100 170 171 173 170 162 162 167 184 235 240 256 310 134 132 120 127 85 81 89 88 170 169 172 177 48 48 48 49 36 36 37 36 100 98 94 99 September October November December 150 171 189 189 188 222 270 273 123 191 217 203 94 86 76 69 172 175 183 192 172 174 198 186 256 263 346 303 130 143 160 158 88 84 76 72 183 180 180 182 49 46 45 47 38 38 38 39 92 82 74 78 1919 1920 1921 1922 100 monthly average. .. monthly average. .. 96 monthly average . . . 132 monthly average 126 1923 1924 1925 1926 monthly average . . _ monthly average monthly average . . . monthly average. . . 1934 May June.. - . July August September October November _ December - -. September October November ._ December 1996 January . February March April -- . ... 41 95 1937 January _ February March April May June i 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). »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 Metals Build- Chem- House All and Farm Food, Cloths fur- Mis- coming icals nishand Fuels metal cella- modiprod- etc. clothmateand prod- rials drugs ing neous ties ucts ing ucts goods Pro- Con- Raw duc- sum- mateers' ers* goods goods rials BRADSTREET'S 3 (1st of month) COMPILED BY U. S. DEPARTMENT OF LABOR 1 DUN'S 2 (1st of month) [Base year in bold-faced type] YEAR AND MONTH Number of quotations 56 95 65 30 37 33 43 31 Commodities 35 404 117 199 88 300 96 Relative to 1913 100 100 100 100 100 100 100 100 100 100 100 100 100 103 104 123 190 218 231 102 105 121 167 188 207 98 98 127 175 228 253 93 88 126 169 170 181 85 99 162 231 187 162 92 94 120 157 172 201 101 134 181 202 215 169 100 100 106 125 153 184 95 95 121 148 156 175 98 101 127 177 194 206 92 97 143 184 181 179 101 102 119 163 191 211 99 101 126 187 205 218 100 101 105 123 199 190 191 10O 97 107 128 170 203 203 218 124 133 141 143 158 143 220 144 138 144 144 157 153 295 180 181 200 190 189 176 241 199 218 185 172 172 180 192 129 122 144 134 130 127 264 165 168 189 176 175 174 200 136 124 131 130 134 131 254 195 176 183 173 170 162 196 128 117 123 116 134 124 226 147 149 154 150 159 151 214 133 128 141 133 134 128 231 159 151 156 156 167 162 229 142 159 159 154 164 154 207 141 142 157 157 163 156 204 123 132 145 140 151 141 163 162 161 153 160 157 159 154 292 191 191 190 268 178 174 169 136 136 134 129 179 183 180 174 135 135 134 134 173 173 170 171 127 125 125 129 160 161 161 156 134 136 135 131 169 167 168 166 167 169 169 161 167 169 167 161 151 151 150 149 152 155 162 163 153 155 157 159 188 188 189 190 168 173 172 170 127 126 126 127 174 171 170 172 133 133 133 135 171 170 169 169 131 138 143 138 155 157 160 160 131 135 137 134 164 165 167 168 160 162 166 168 160 161 162 164 145 148 150 155 September... October November December.. - - . . . - 160 155 154 152 160 158 160 157 189 190 188 187 169 172 175 175 127 128 130 130 174 174 176 177 136 135 135 135 168 168 166 166 135 138 142 138 160 158 158 156 131 133 135 134 169 166 168 166 166 162 160 159 162 161 163 164 153 154 155 156 1926 January. _. February _ _ _ _ _ _ _ March April 152 150 144 145 156 153 151 153 186 184 181 177 177 179 175 174 129 128 128 127 178 177 176 173 133 132 132 130 165 164 164 163 135 133 128 127 156 155 152 151 132 130 128 128 166 163 162 163 160 161 154 152 163 161 159 157 152 149 145 142 May June July August 144 144 141 138 154 157 154 151 176 175 173 175 179 179 177 180 125 125 126 127 172 171 172 172 131 131 131 131 162 162 161 161 125 123 123 122 152 152 151 149 129 127 127 128 163 165 162 160 153 154 153 151 156 155 154 153 140 139 138 137 September October 141 139 135 135 152 152 151 151 175 172 170 169 182 184 190 183 127 127 127 126 172 172 174 173 131 129 129 128 160 160 160 159 120 119 118 118 151 150 148 147 129 127 126 126 161 160 159 158 153 152 150 149 153 155 155 155 138 139 138 139 155 139 1913 monthly average 1914 monthly average 1915monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 1920 1921 1922 1923 1924 1925 1926 monthly average monthly average monthly average. monthly average monthly average monthly average monthly average 1935 January.. February March April _ _ May June July August _ _ N"ovp/mb@ir December . 1937 May I j 1 1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, based on monthly averages of weekly quotations of 404 commodities, arranged in 9 groups and 3 major classes. In computing this index, the price of each commodity is weighted by multiplying it by the estimated quantity of that article marketed in the census year 1919. For comparable yearly data since 1890 and monthly data for period 1900 to 1923, see Bulletin 367 of the Bureau of Labor Statistics, p. 126. Prices of the principal individual commodities making up this index are presented in the SURVEY under their respective headings. The data on the 3 major classes were computed by the Federal Reserve Board until August, 1926, and thereafter by the Department of Labor. Monthly data on these classes from 1920 appeared in the October, 1922, issue of the SURVEY (No. 14), p. 45. The term "consumers' goods" in general applies to those commodities which because of their finished condition are ready for consumption; the term "producers' goods" applies to those products which are essentially still in the raw state or semifinished condition requiring additional manufacture. 2 Dun's and Bradstreet's index numbers are calculated as of the first of each month, and have been recomputed to a 1913 base from the actual figures as published in these journals. Bradstreet's index is the sum of prices per pound of the commodities, while Dun's is weighted by the amount" annually consumed by each inhabitant.'' Monthly data of Bradstreet's index from 1913 appeared in July, 1923, issue (No. 23), p. 45. 29 Table 4.—COST OF LIVING, FARM, AND RETAIL PRICE INDEXES Fuel and light YEAR AND MONTH Food Sundries Shel- Clothter ing AH items Fruits Meat and Grain vegetaanimals bles Dairy Cotton and and UnAll poul- cotclassi- groups try fied tonprod- seed ucts Number of quotations Combined Fuel Light 6 5 4 2 5 31 Relative to 1909-1914 average (fiscal years) Relative to July, 1914 1909-14 monthly av_ 1913 monthly av 1914 monthly av 1915 monthly av 1916 monthly av 9 RETAIL COAL PRICES * FARM PRICES 3 COST OF LIVING 1 RETAIL FOOD PRICES 3 [Base year in bold-faced type] Relative to 1913 100 92 100 83 123 100 100 100 101 99 106 100 108 112 104 120 97 85 78 119 100 94 95 95 100 100 100 102 100 117 100 102 101 114 100 100 99 104 100 103 120 10O 102 104 100 100 104 100 111 100 100 102 101 109 100 92 103 120 126 117 152 164 185 184 131 159 172 198 167 217 226 231 231 112 202 162 189 249 148 173 202 206 173 108 133 160 182 197 151 187 245 247 248 101 130 157 162 152 90 176 200 209 205 116 146 168 186 203 153 117 127 150 6190 192 6191 100 100 1917 1918 1919 1920 1921 monthly av monthly av monthly av monthly av monthly av 146 173 186 205 156 105 118 129 154 169 143 185 205 261 166 126 138 144 168 183 1922 1923 1924 1925 1926 monthly av monthly av monthly av monthly av monthly av 142 146 146 157 160 166 173 184 180 176 155 170 175 174 174 179 172 161 161 163 197 182 181 186 123 121 121 120 173 173 174 175 174 157 161 164 168 168 105 114 129 156 129 152 136 125 160 189 113 106 109 139 146 135 147 137 143 141 156 216 211 177 122 94 109 100 92 88 124 135 134 147 136 142 146 146 157 160 194 193 * 191 6 194 1925 ' September October November December 159 162 167 166 178 178 178 177 176 176 176 177 161 162 167 166 181 183 190 188 121 121 122 122 174 174 175 176 168 170 172 171 148 135 138 140 142 152 194 194 143 141 136 136 141 154 162 163 178 171 144 139 90 90 95 92 144 143 144 143 159 162 167 166 195 198 (8) (8) 1926 January February March April 164 162 160 162 177 177 177 176 176 176 176 175 166 169 166 162 189 195 190 184 122 118 118 118 176 175 175 173 170 170 169 168 143 140 133 131 214 218 220 253 140 146 147 146 153 144 137 133 138 142 133 135 87 87 85 83 143 143 140 140 164 162 160 162 1 (8) («) 201 194 161 160 157 156 176 176 176 175 175 174 173 173 158 158 158 160 179 179 179 180 118 118 118 121 173 172 174 173 168 167 166 165 131 130 125 128 240 216 195 166 148 154 152 144 131 130 131 130 130 132 126 130 82 81 85 89 139 139 136 133 161 160 157 156 192 192 192 192 159 160 162 162 175 174 174 173 174 173 173 174 161 163 170 169 182 185 195 194 121 121 121 121 173 174 173 174 167 167 168 168 121 123 121 120 136 136 142 137 148 148 142 140 139 144 157 161 134 94 88 81 93 97 97 91 134 130 130 127 159 160 162 162 193 194 195 195 May June July August - - - - September October November December. 1927 J-inuary February _ _ March. April Mav June ii _-. 1 •" i " 1 Index numbers of the cqst-of-liying, compiled by the National Industrial Conference Board, represent, up to March, 1922, retail prices on the first day of the month except food, which is the retail food index of the U. S. Department of Labor, Bureau of Labor Statistics, for the 15th of the preceding month. Beginning with March, 1922, all prices shown are as of the 15th of the month indicated. The index is weighted according to the estimated consumption of average wage earners before the war, on the following basis: Food, 43.1 per cent; shelter, 17.7 per cent; clothing, 13.2 per cent; fuel and light, 5.6 per cent; sundries, 20.4 per cent. Figures from 1914 to 1917 are based on July quotations: 1918figuresare for 2 months: 1919 for 3 months and thereafter monthly. Owing to different trends, the fuel and the light data have been segregated from 1923 forward and revised, the monthly data for 1923 to 1925 being shown in the June, 1926, issue of the SURVEY (No. 58), p. 24: segregation for previous years is not available and the fuel and light data previous to 1923 are not quite comparable with the revised figures following, which are 8 points lower than the original figures for those years2 on fuel and light. The cost-of-living indexes of the U. S. Department of Labor, now compiled only semi-annually, are omitted. Compiled by the Department of Agriculture, Bureau of Agricultural Economics, as of the 15th of the month. These indexes are based upon prices received by farmers throughout the country for their respective crops and animal products, as collected by the Department, and are weighted by the average annual marketings by farmers for the period 1919-23. For the detailed explanation of this index see August, 1925, monthly supplement to " Crops and Markets " published by the Department of Agriculture. 8 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 man'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 the4 Bureau of Labor Statistics, p. 12. The retail coal price index compiled by the U. S. Department of Labor, Bureau of Labor Statistics, is based on an unweighted average of quotations on Pennsylvania anthracite, white ash, chestnut, as of the 15th of each month in 51 cities. The annual figures from 1913 through 1920 are based on two quotations a year, on January 15 and July 15; thereafter monthly averages are used. 6 Eight months' average, February, March, April, and May missing. e Eleven months' average, August missing. ^ Ten months' average, no quotations being available for other months. *No quotations. 30 Table 5.—WOOL Total Domestic Foreign CONSUMPTION (in In grease As im- grease equivaported equiva- lent) 3 lent STOCKS 4 (in grease equivalent, quarterly) Total MACHINERY ACTIVITY 5 Looms Held by manu- Held by Carfacdealers pet turers Wide Narrow and rug Thousands of pounds 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average. _ . 1917 monthly average 1918 monthly average. . _ 1919 monthly average 18, 761 27,906 35, 796 36, 683 42, 214 41, 957 39, 918 13, 483 15, 894 15, 142 17, 100 17, 511 15, 275 17, 825 5, 278 12, 012 20, 655 19, 583 24, 704 26, 682 22, 093 12, 632 21, 557 34, 393 37, 432 35, 083 37,811 37, 158 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average. _ _ 1924 monthly average 1925 monthly average 1926 monthly average 22, 839 28, 589 36, 147 34, 758 26,001 25, 501 29, 101 8,809 11,977 15, 909 12,095 '16,687 11,018 14, 105 14, 030 16, 613 20, 238 22, 664 9, 315 14,483 14,996 21, 635 26, 722 31, 390 32, 854 22, 349 28, 271 25, 814 26,890 34, 338 30, 753 44,125 54, 510 53, 467 44, 813 43, 857 42, 503 May June July August 16, 206 26, 824 45, 922 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 25, 647 23, 318 26, 632 42, 552 38,246 38, 176 40, 781 42, 149 September. _ _ October November December 20, 403 17, 406 16, 126 18, 754 7,453 5,885 7,309 5,501 12, 950 11, 521 8,817 13, 253 18, 948 23, 920 25, 170 23, 176 23, 670 29, 941 31,114 27, 910 44, 383 47, 327 43, 471 44, 762 1926 January February March April 29, 883 31, 379 45, 060 38, 905 4,767 5,098 11, 634 8,857 25, 116 26, 281 33, 426 30,048 45, 102 35, 321 48, 002 32, 653 54, 130 41, 761 55, 618 37, 822 41, 446 40, 492 43, 932 40, 093 May June July August 36, 368 30, 224 50, 675 28, 035 13, 729 22, 631 45, 162 23, 611 22, 639 7,593 5,513 4,424 24, 119 13, 395 12, 545 15, 305 27, 151 13,653 13, 958 19,200 36, 237 38,249 38, 236 40, 859 September October November December 13, 018 13, 336 14, 834 17, 498 8,511 6,921 8,451 9,889 4,507 6,415 6,383 7,609 13, 997 19, 264 25, 063 25, 004 18, 998 24, 499 32, 127 30, 116 45, 770 49, 072 47, 808 47, 839 Spinning spindles Combs YEAR AND MONTH IMPORTS 2 Sets of cards RECEIPTS AT BOSTON i Wool- Woren sted Per cent of active hours to total reported 6 529, 174 6 183, 917 6 345, 258 7 533, 473 7 247, 412 7 286, 061 s 506, 623 8291,318 8 215, 305 480, 867 247, 431 233, 437 383, 100 207, 803 175, 297 352, 061 179, 213 172, 848 75 74 73 86 87 85 71 73 78 73 91 88 84 72 68 65 72 80 74 60 57 79 77 84 90 94 91 84 77 78 78 90 90 86 83 77 75 85 90 93 90 83 74 78 74 90 85 81 79 64 69 68 83 69 69 63 70 64 65 76 62 64 61 67 51 77 82 66 72 63 70 71 89 98 88 86 77 75 89 91 98 80 77 79 68 72 87 92 85 84 73 74 82 79 92 66 67 69 66 65 61 63 59 59 52 57 73 70 65 68 86 82 80 82 58 64 65 77 85 83 79 79 64 53 54 65 69 72 74 70 61 67 68 64 65 64 69 67 85 81 83 81 79 88 90 86 82 82 81 76 70 80 75 71 67 63 62 59 63 62 61 62 68 70 70 63 77 76 78 75 85 85 79 73 72 70 73 72 71 75 70 62 57 57 53 56 57 57 53 55 57 58 55 60 73 75 68 71 68 68 68 74 70 71 66 67 57 59 56 66 64 71 73 72 57 68 67 67 62 65 67 65 80 89 84 80 84 90 88 84 76 86 81 77 74 79 80 78 1925 382, 596 179, 203 203, 394 373, 010 182, 506 190, 504 346, 678 175, 898 170, 780 331, 324 176, 520 154, 804 397, 446 165, 776 231, 670 375, 714 161, 943 213, 770 1927 January February ~M. arch April May June 1 Receipts of wool at Boston by railroads and steamships compiled by the Boston Chamber of Commerce through January, 1925, and since that date by the Boston Grain and Flour Exchange. They comprise usually about two-thirds of all wool imported and about half of the domestic wool clip. All classes of wool are combined in these figures, without reduction to grease equivalent. 2 Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The left-hand column totals wool of all classes in the condition imported, while the right-hand column shows the reduction to grease equivalent. Scoured wool is multiplied by 2 to get its grease equivalent in the conversion. 3 Consumption of wool by textile mills from U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922, when the compilation was transferred to the U. S. Department of Commerce, Bureau of the Census. These data reported by almost 600 manufacturers represent nearly 80 per cent of the industry, the figures from the American Woolen Company and from 10 to 20 other concerns not being included. The figures are reduced to grease equivalent by multiplying scoured wool by 2 and ptilled wool by 1^. Further details as to classes of wool and districts are given in press releases. * Stocks of wool held by about 600 manufacturers and about 400 dealers from the U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922, and thereafter by that bureau jointly with U. S. Department of Commerce, Bureau of the Census. 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. «Percentage of active wool machinery compiled by the U. S. Department of Commerce, Bureau of the Census, beginning with June, 1919. Front October, 1918, through May, 1919, these data had been collected by the 17. S. Department of Agriculture, while previous thereto they were compiled by the National Association of Wool Manufacturers. The 1913 figure is based on only one month (November figures as of December 1), while thereafter the averages are of quarterly data, until 1917 when monthly figures were started in the middle of the year. The 1917 averages are therefore based on 9 months' figures. Up to 1921, the data represent the percentage of active machines to total and beginning with 1921, the percentage of active hours to total hours of plant operation. Figures on the old basis of active machines are still published in the press releases but are not much different from the more accurate active hour figures. Previous to October, 1922, these figures were originally given as of the first of the following month, representing the previous month's operations, but these have now been changed to show the activity for the month to which properly credited; where 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 activity releases. These data comprise practically all wool-consuming7mills. e Average of the last two quarters of 1920. Average of the first three quarters of 1921. 8 Average of the last three Quarters of 1999 31 Table 6.—CLOTHING AND BUTTONS MEN'S AND BOYS' GARMENTS CUT 1 YEAR AND MONTH Suits Separate Overtrou- coats sers Thousands of garments 1922 m. a. 1923 m. a 1924 m. a. 1925 m. a. 1926 in. a. HOSIERY a WORK CLOTHING » Net Stocks, ship- end of ments montk Cut Produc- Net St'ks, New Untion ship- end orders filled (all ments mo. orders classes) Dozen garments FRESHWATER PEARL BUTTONS* KNIT UNDERWEAR' Production Thousands of dozen pairs UnNet St'ks, ship- end New filled ments mo. orders orders Per ct Thous. of caof pacity gross Thousands of dozens 1,263 1,414 1,512 1,607 402 370 208, 314 250, 468 192, 492 217, 286 349, 916 326, 257 3,352 3,812 3,331 3,758 6,259 5,771 3,410 3,888 5,755 7,394 1,154 Sept Oct Nov Dec 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, 911 227, 914 188, 578 168, 678 315, 812 321, 000 316, 884 344, 576 3,107 3,597 3,274 3,402 3,533 3,771 3,304 3,434 5,889 5,849 5,781 5,752 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 1935 Jan Feb Mar Apr 1,578 1,626 1,843 1,276 1,604 1,562 ,574 ,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 4,039 4,030 3,373 3,467 3,937 3,836 5,738 5,964 5,945 4,874 4,400 3,852 4,096 4,345 7,372 7,705 7,730 7,937 1,079 1,201 1,325 1,329 May June July Aug 1,200 1,616 1,632 1,492 ,473 ,780 ,579 1,575 290 403 475 520 237, 023 277, 021 212, 915 251, 737 202, 579 220, 624 207, 223 231, 703 324, 729 346, 039 335, 640 305, 448 3,921 3,865 3,697 3,702 3,623 4,050 3,753 3,864 6,235 6,039 6,114 5,734 3,961 4,179 3,332 3,267 8,034 8,302 7,645 6,796 Sept__ .Oct Nov Dec 1,083 1,041 1,086 1,491 1,547 1,731 1,536 1,631 565 657 440 211 256, 519 285, 304 248, 687 189, 033 241, 594 246, 209 194, 121 157, 364 302, 630 303, 001 318, 428 332, 123 3,756 4,051 3,803 3,510 4,135 4,067 3,607 3, 388 5, 565 5, 476 5,738 5,834 4,167 4,580 3,580 2,896 1926 Jan __ __ Feb Mar Apr 1,595 1,685 1,660 1, 282 1,764 1,674 1,847 1,711 223 239 267 215 240, 380 240, 223 285, 821 272, 273 222, 392 208, 998 255, 962 229, 772 343, 570 340, 384 346, 341 358, 142 3,672 3,592 3,937 3,535 3,339 3,383 3,920 3,473 6,156 6,410 6,483 6,503 May June July Aug 1,220 1,513 1,409 1,429 1,524 1,416 1,435 1,479 321 454 486 576 251, 747 250, 683 229, 323 259, 963 235, 792 228, 585 205, 447 249, 271 328, 605 328, 918 298, 013 295, 607 3,215 3,424 3,060 3,359 3,266 3,812 3,078 3,767 Sept Oct Nov Dec 1,170 1,108 1,019 1,591 1,518 1,343 577 676 279 286, 759 271, 984 241, 685 262, 264 226, 728 206, 383 301, 160 308, 731 324, 672 3,557 3,694 3,733 4,015 3,940 3,888 Pro- Stocks, duc- end of tion month 46.1 46.1 33.5 44.0 46.5 12, 562 13, 846 14,001 12, 489 11, 938 81,221 3,002 1,149 959 928 954 1,199 1,473 1,556 1,669 1,462 1,676 2,229 2,906 28.4 32.1 36.1 36.8 13, 782 13, 605 13,623 13,656 1,108 1,198 1,245 1,184 981 1,030 1,103 1,208 1,832 1,254 1,210 1,033 3,596 3, 559 3,541 3,275 33.9 41.6 43.6 45.5 13, 107 12, 836 12, 601 12, 527 1,223 1,151 1,033 1,010 1,090 1,093 (7) 1,128 1,252 1,279 (7) 1,182 1,112 939 (0 1,047 3,200 2,935 2,824 2.529 46.0 47.0 38.4 46.6 12, 497 12, 503 12, 321 12, 381 6,842 7,163 6,993 6,206 1,119 1,217 1,094 1,069 1,203 1,429 1,092 941 1,136 941 957 1,096 1,174 1,499 1,018 1,314 2,688 2,670 2,470 2,736 46.5 48.1 47.3 43.8 12, 224 12, 172 12, 286 12, 414 3,699 3,322 4,075 3,517 7,242 6,329 6,457 6, 384 1,060 1,094 1,244 1,174 1,081 1,057 1,207 971 993 1,446 1,154 1,258 1,373 1,048 1,037 774 3,002 2, 996 2,740 2,498 45.1 50.2 53.0 52.4 11, 471 11,371 12, 117 12, 101 6,128 6,397 7,616 7,378 3,252 3,848 2,966 3,477 6,213 6,229 6,170 5,786 1,043 1,062 821 927 838 853 843 1,109 1,379 1,484 1,507 1,386 720 966 616 974 2,354 2,391 2,114 1,910 49.6 45.0 38.6 44.4 12, 203 12, 331 12, 196 11, 754 6,953 6, 843 6,856 3,946 4,289 4,012 5,566 5,667 5,783 1,004 1,015 976 1,325 1,166 999 1,196 1,042 1,011 1,087 949 1,117 1,659 1,417 1,460 44.4 51.3 47.5 36.9 11, 759 12, 002 12, 049 11,. 898 61,156 61,106 ±924: 1937 Jan Feb Mar Apr i May June 1 Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 467 establishments of which 4 did not begin reporting until February, 1924. Details by materials are given in press releases. 2 Compiled from reports to the U. S. Department of Commerce, Bureau of the Census, from 158 identical establishments of which 2 are now out of business; further details by materials used and sizes are given in press summaries. For January, 1924,4 firms did not report. The data represent outer work garments (overalls, unionalls, coveralls, two-piece suits, work pants, etc.) and do not include data on work shirts. 34 Compiled by the U. S. Department of Commerce, Bureau of the Census, as reported by 261 identical establishments. Further details are given in press releases. Data from U. S. Department of Commerce, Bureau of the Census, compiled from reports of 150 establishments while stocks are from 70 to 83 establishments only. Further details as to classes given in 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 Manufacturers of America appeared in November, 1924, issue (No. 39), p. 42. s Data on fresh-water pearl buttons from National Association of Button Manufacturers from reports of 17 firms representing 95.2 per cent of the machine capacity of the association members, except prior to July, 1922, when 16 firms reported. 6 Eleven months' average. 7 No data available. 32 Table 7.—TEXTILE WHOLESALE PRICES1 COTTON YARN COTTON WOR- WOOL (Boston) 2 COTTON GOODS STED YARN SUITINGS SILK, RAW Print SheetCarded, Carded, M hlood Woolcloth, Japawhite, ing, 4/4 Territory, combing French single 2/32's Price to Middling northnese, grease, crossbred 64 x 60, Trion, serge, fine, producer, upland. ern, mule warp, Fairchild 38H in., L L, 36", Ohio and 35/36" Kansal index * 5.35 yds. 4 yds. staple, stock, 55/56" all grades New York spun,22/l, 40/ls, Pennaverage No.l, scoured sylvania Boston at mills Middlesex New York New to lb., tolb. cones, New York fleeces f. o. b.niill New York Boston Bedford ffiS YEAR AND MONTH Rel to 1911-1913 Per pound $0.t)53 .046 .041 .061 .095 .159 .146 $0. 062 .056 ,052 .072 .119 .195 .168 $0.57 .61 .71 .87 1.59 7 1.84 1.74 $0.25 .26 .36 .41 .66 7.76 .64 $0.78 .64 .79 1.05 1.56 2.11 61.63 $0. 448 .571 .648 .593 .558 .508 323 162 187 213 199 188 160 .182 .077 .086 .102 .092 .093 .076 ,211 .087 .104 .123 .113 .104 .093 1.66 .85 1.25 1.41 1.42 1.40 1.15 .51 .26 .42 .51 .53 .55 .46 .437 .430 .430 .420 .547 .569 .589 .580 194 194 196 194 .092 .095 .096 .094 .108 .107 .108 .106 1.67 1.65 1.58 1.42 .234 .242 .248 .238 .399 .403 .415 .423 . .558 .543 .544 .547 188 183 182 185 .092 .092 .095 .095 .102 .097 .096 .104 .225 .215 .181 .174 .236 .220 .208 .202 .423 .430 .407 .402 .563 .562 .546 .550 187 187 182 178 .095 .096 .089 .087 1926 January February March April .172 .177 .165 .166 .208 .206 .194 .192 .403 .399 .384 .374 .550 .545 .540 .528 176 175 170 166 May June. July August .160 .161 .154 .161 .189 .186 .187 .187 .357 .349 .344 .363 .513 .500 .500 .500 September October November December .168 .117 .110 .100 .170 .132 .128 .128 .367 .329 .321 .311 .506 .482 .470 .467 mo. av mo. av mo. av mo. av mo. av mo. av_-_ mo. av $0. 120 .104 .091 .137 .220 .295 .299 $0. 128 .102 .145 .226 .312 .318 $0. 248 .218 .198 .297 .449 .662 .596 1920 1921 1922 1923 1924 1925 1926 mo. mo. mo. mo. mo. mo. mo. av___ av av av__. av av__av___ .310 .125 .193 .270 .268 .222 .151 .339 .152 .213 .294 .287 .235 .176 .703 .331 .397 .486 .475 .418 .358 1935 January February March April .227 .230 .245 .237 .240 .247 .256 .244 May June July August. . .230 .230 .234 .234 September October . . November December 6.119 Per pound Per yard Per pound Per yard «100 97 91 122 187 292 272 1913 1914 1915 1916 1917 1918 1919 1927 January February March April DRESS GOODS $3.64 $0.32 .43 .72 .90 .90 $1.55 1.46 1.57 1.97 3.17 M.04 4.01 1.83 1.18 1.41 1.73 1.69 1.72 1.44 1.09 .73 .66 .76 .78 .80 .74 4.18 2.94 3.10 3.62 3.66 3.66 3.40 8.28 6.04 7.22 8.23 5.92 6.34 5.94 .69 .68 .63 .54 1.90 1.90 1.80 1.75 .78 .80 .80 .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 .106 .108 .108 .103 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 .087 .086 .080 .077 .101 .101 .098 .098 1.28 1.26 1.21 1.15 .54 .53 .48 .44 1.55 1.55 1.50 1.45 .80 .80 .80 .73 3.60 3.60 3.51 3.51 6.71 6.66 6,03 5.49 161 157 155 157 .076 .073 .073 .076 .095 .093 .089 .092 1.13 1.10 1.14 1.11 .42 .42 .43 .44 1.40 1.40 1.40 1.40 .73 .73 .73 .73 3.51 3.29 3.29 3.29 5.73 5.88 5.78 5.98 159 154 148 143 .076 .068 .069 .067 .093 .090 .085 .080 1.11 1.12 1.12 1.08 .44 .45 .45 .44 1.40 1.40 1.40 1.40 .71 .70 .70 .70 3.29 3.29 3.29 3.29 6.13 5.78 5.49 5.59 3.69 3.32 4.87 5.51 6.27 8.88 _ . May June 1 Unless otherwise specified, all prices are averages of weekly quotations as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data for 1920 and 1921 on most items appeared in May, 1922, issue (No. 9), p. 47. That issue also contained monthly data on another print-cloth quotation, which has been superseded by the present data due to their more general use. Monthly data on cotton yarns, single warp, at New Bedford, from 1921 to 1925, appeared in December, 1925, issue (No. 52), p. 10, while monthly print-cloth figures from 1913 appeared on p. 22 of that issue, and women's dress goods, French serge, from 1915 in the November, 1925, issue (No.2 51), p. 22. Averages of weekly quotations on representative grades in the Boston market, as compiled by the 17". S. Department of Agriculture, Bureau of Agricultural Economics. Monthly data from 1913 to 1925 appeared in May, 1926, issue (No. 57), p. 29. 3 Price of cotton to the producer, given at the end of each month until December, 1923, since which month it is given as of the 15th of the month, is a weighted average of prices received by producers throughout the United States for all grades of cotton as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics. The 4market 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 standard8 cloths in the New York market. 8 6 7 Average for years 1911 to 1913, inclusive. Average for 10 months. Average for 6 months. Average for 9 months. 33 Table 8.—COTTON GINNINGS EX(total REPRODUCcrop POETS CONTION IMend of CEIPTS SUMPINTO POBTS urn-hid(crop 2 tomonth ing TION estimate) SIGHT indiSinters) cated; 3 YEAB AND MONTH STOCKS (end of month) Domestic Total Mills World visible * Warehouses Total cotton American cotton Bales8 1909-13 monthly average 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 13, 033, 235 14, 156, 486 16, 134, 930 11, 191, 820 11, 449, 930 11, 302, 375 12, 040, 532 1919 1920 1921 1922 1923 1924 1925 1926 11, 420, 763 13, 439, 603 7, 953, 641 9, 762, 069 10, 139, 671 13, 627, 936 16, 103, 679 15, 544, 840 monthly averege monthly average monthly average monthly average monthly average monthly average monthly average monthly average 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 32, 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 16, 122, 516 1, 031, 256 896, 699 997, 307 972, 319 936, 705 1, 105, 315 1, 321, 206 1, 373, 366 29, 226 49, 999 23, 158 31, 030 31, 228 26,770 26, 113 30, 197 561,280 513, 261 539, 509 509, 484 439, 930 566, 243 710, 520 753, 949 493, 293 486, 933 450, 565 507, 294 543, 444 460, 139 536, 044 557, 266 4, 935, 973 4, 792, 190 6, 100, 426 4, 706, 031 3, 853, 119 3, 435, 371 3, 991, 285 5, 467, 567 1, 430, 976 1, 453, 054 1, 312, 862 1, 447, 196 1, 480, 319 1, 087, 880 1, 283, 913 1, 434, 093 3, 504, 998 3, 339, 136 4,787,564 3, 258, 836 2, 372, 800 2, 347, 490 2, 707, 372 4, 033, 474 5, 065, 485 5, 662, 420 6, 344, 953 4, 950, 925 3, 503, 179 3, 724, 552 4, 576, 477 5, 626, 734 3, 614, 068 3, 909, 420 4,410,286 3, 152, 091 2,352,179 2,417,302 3, 274, 060 4, 209, 484 13, 306, 813 1, 379, 161 864, 323 811, 452 495, 283 54, 822 1, 076, 075 59, 902 811, 838 33, 955 740, 076 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 3, 073, 396 2, 028, 331 1, 666, 209 5, 830, 282 5, 644, 890 5, 322, 550 4, 545, 302 4, 722, 282 4, 327, 890 3, 789, 550 2, 942, 302 14, 219 19, 957 9,927 9,266 330, 987 217, 786 202, 468 315, 825 531, 668 494, 083 483, 926 451, 236 2, 482, 671 1, 885, 477 1, 379, 848 1, 719, 631 1, 343, 019 1, 126, 127 865, 842 678, 948 1, 139, 652 759, 350 514, 006 1, 040, 683 3, 848, 225 2, 969, 422 2, 342, 887 2, 232, 427 2, 253, 225 1, 583, 422 1, 112, 887 1, 099, 427 1935 January February March April 13, 639, 399 May Juno July August 14, 339, 000 13, 566, 000 161, 632 1,886,399 311, 313 128, 743 153, 881 780, 440 September. _ October November December 13, 740, 000 14, 759, 000 15, 386, 000 16, 103, 679 7, 126, 248 11, 207, 197 13, 870, 507 14, 831, 846 2, 332, 283 3, 149, 220 2, 942, 255 2, 506, 120 15, 121 752, 324 12, 402 1, 421, 482 27, 007 1, 206, 786 34, 374 984, 061 483, 032 544, 097 543, 488 576, 216 3, 984, 411 5, 717, 509 6, 664, 018 7, 304, 712 869,419 1, 216, 571 1, 457, 456 1, 720, 696 3, 114, 992 4, 500, 938 5, 206, 562 5, 584, 016 3, 883, 012 5, 193, 976 6, 048, 438 7, 056, 308 2, 805, 012 4, 114, 976 4, 903, 438 5, 634, 308 15, 499, 893 1, 154, 805 752, 290 701, 268 618, 488 62,061 38, 354 45, 726 33, 348 749, 967 556, 185 519, 732 516, 494 582, 315 565, 118 635, 896 577,678 6, 996, 220 6, 573, 105 5, 935, 959 5, 166, 412 1, 815, 232 1, 832, 655 1, 771, 897 1, 637, 062 5, 180, 988 4, 740, 450 4, 164, 062 3, 529, 350 6, 773, 664 6, 642, 807 5, 956, 734 5, 485, 607 5, 237, 664 4, 929, 807 4, 277, 734 3, 804, 607 13, 625 22, 137 12, 090 13, 280 419, 459 346, 533 366, 722 391, 329 516, 376 518, 607 461, 743 500, 652 4, 414, 216 3, 678, 968 3, 032, 560 2, 636, 537 1, 448, 739 1, 268, 707 1, 096, 647 920, 944 2, 965, 477 2, 410, 261 1, 935, 913 1, 715, 593 5, 070, 424 4, 314, 794 3, 686, 450 3, 182, 764 3, 459, 424 2, 762, 794 2, 284, 450 1, 988, 764 10, 007 794, 584 30, 449 1, 369, 820 41, 441 1, 486, 224 39, 851 1, 531, 297 571, 105 568, 532 583, 950 605, 217 4, 230, 346 6, 685, 682 8, 015, 409 8, 247, 390 937, 129 1, 215, 873 1, 497, 844 1, 766, 392 3, 293, 217 5, 469, 809 6,517,565 6, 478, 998 4, 283, 515 6, 148, 052 7, 456, 845 8, 519, 146 3, 115, 515 5, 056, 052 6, 367, 845 7, 229, 146 ,. 1936 January February March April 16, 122, 516 May June July . August.. „ September _ October November December _ _ . _ _ _ _ 15, 621, 000 15, 166, 000 47, 749 694, 877 504, 174 221, 064 131, 103 536, 402 16, 627, 000 17, 918, 000 18, 618, 000 15, 544, 840 5, 639, 284 11, 259, 038 14, 644, 966 15, 542, 249 2, 125, 808 3, 482, 579 3, 592, 806 2, 659, 606 1937 16, 609, 517 January February March April _ May June 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), and the 1913 and 1914 data on imports and exports, which are averages for the fiscal year ending June 30 of the year given. Monthly data, 1913-1921, on consumption and stocks are given in December, 1922, issue (No. 16), the 1921 stocks being revised in the August, 1923, issue (No. 24), p. 55. 2 The yearly figures, from V. S. Department of Agriculture, Bureau of Agricultural Economics, represent the latest revised estinmtes of total production of the cotton crop3for 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. 4 These figures, from the Commercial and Financial Chronicle, represent world visible supply on the Saturday nearest the end of the month, covering European ports, United States ports and interior, Egypt, India, and quantities afioat. a All bales are running bales counting round as half bales, except for imports, which are given in equivalent 500-pound bales 26446°—27 3 Table 9.—COTTON MANUFACTURING SPINDLE ACTIVITY 1 YEAE AND MONTH Active spindles Per Total spinOrders, Ship- Stocks, spin- dle Ratio to ca- Billings gray end of dle ments month yardage pacity in hours place Thous. Millions of hours Hours Per cent Thousands of yards Cases Per cent Days monthly average.. monthly average. . monthly average . monthly average.. monthly average.. monthly average.. monthly average. _ 30, 559 30, 748 31, 136 32, 293 33, 400 33, 525 33, 878 1920 1921 1922 1923 1924 1925 1926 monthly average.. monthly average.. monthly average.. monthly average.. monthly average.. monthly average. . monthly average.. 33, 807 33, 052 97,532 33,026 7,725 34, 681 8,292 31, 136 6,689 32, 642 7,883 32, 348 8,252 6206 209 222 177 208 215 31, 572 32, 520 32,913 32, 951 7,107 7,963 7,825 8,261 188 210 207 218 83.8 89.5 96.0 99.4 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 32, 810 33,009 33, 245 32,891 8,356 8,121 9,169 8,345 221 214 242 221 98.6 103.2 102.2 98.2 78, 170 82, 370 98, 321 90,938 87, 188 85, 055 97, 436 79, 606 46, 679 46, 922 54, 452 49, 301 41, 111 41,006 41, 329 42, 350 32, 275 31, 756 31, 057 31,322 7,503 7,607 6,750 7,489 199 202 180 200 88.9 88.4 78.7 87.4 79,164 78,161 65, 714 69, 554 69, 348 65, 072 67, 272 75, 180 45, 715 45, 272 43,724. 44, 336 32, 135 32, 593 32, 587 32, 496 8,248 8,370 8,480 8,563 220 224 227 229 98.5 98.9 101.2 100.3 79, 223 88, 295 79, 480 87, 401 84, 438 79, 350 76, 483 77, 686 49, 312 51, 010 45, 941 46, 827 1936 January February March April May June July August September October November J~)piCP'TTibf»r _ _ _ MILL DIVIDENDS (quarterly) Fall River « New Bedford * UnRatio filled ProducRatio to Ac- orto caption Exports Total italiza- Total capitaltivity ders, (New ization tion end Bedford) mo. 1913 1914 1915 1916 1917 1918 1919 1935 September October November December FINE COTCOTTON TON CLOTH* GOODS3 FINISHED COTTON GOODS 2 Pieces Thous. of yards Thous. Per Thous. Per cent cent per of of per dollars quarter dollars quarter 7 434, 188 383, 523 38,890 27, 207 43, 195 51, 688 63, 718 45, 348 56, 920 $519 311 284 512 1,054 1, 512 1,208 1.820 1.084 .974 1.734 3.338 4.594 3.651 $547 470 653 746 1,471 1,603 1,681 1.405 1.197 1.6451. 832' 3. 001 3.164 3.324 329, 571 354, 274 385, 772 438, 761 353, 851 421, 059 403, 020 68, 229 45, 959 48,958 38, 710 39, 818 45, 267 42, 606 2,521 780 762 882 705 419 305 7.486 2.031 1.997 2.061 1.609 .931 .722 2,238 1,365 1,500 1,258 942 981 703 4.390 2.299 2.429 1.741 1.285 1.325 1.024 6.7 6.5 6.8 5.5 371,500 452, 552 385, 841 448,625 42, 366 44, 887 43,084 46, 871 338 .759 1,231 1. 663' 299 .634 941 1.271 62 71 74 67 7.4 7.1 7.4 6.3 427,234 397, 463 452, 349 419, 510 41,017 37, 626 41, 344 52,308 299 .702 776 1.129 41,352 41,494 40,446 38, 449 61 55 50 59 5.5 4.2 5.2 5.7 422, 221 382, 371 339, 755 302, 571 43,420 41, 105 49,042 38, 227 294 .690 807 1.175 36, 868 36, 161 37, 113 38,398 66 70 63 66 6.7 6.2 6.0 5.0 413, 401, 406, 470, 45, 983 37, 556 43, 284 40, 361 321 .767 617 .899 305 .727 612 .891. 852,787 8 39, 431 s 25, 543 8 39, 920 838 86.7 •91.5 10 85, 386 10 90, 054 10 44, 935 1036,226 "65 109.4 93.5 11 94, 016 n 95, 509 11 49, 102 n 44, 937 "66 "9.9 95, 098 91,504 48, 116 46, 166 98.9 68 9.5 77, 650 76, 105 41,863 43, 139 78.5 58 5.9 76, 558 43, 691 39, 640 92.9 78, 756 60 5.8 78, 676 47, 458 39, 673 81, 399 95.4 64 6.1 762 636 896 469 1937 April May June i Data irom U. S. Department of Commerce, Bureau of the Census, representing total cotton spindles active in textile mills during the month. The capacity percentage^ takes2 into account working-days, on a single-shift basis, exclusive of holidays. Details by States are given in press releases. Compiled by the National Association of Finishers of Cotton Fabrics from reports from 31 out of 51 members, estimated to cover approximately the following percentages of the industry, based on work done outside of regular textile mills: White goods, 70 per cent; dyed goods, 55 per cent; 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. a Data on fine cotton goods, from the Fine Cotton Goods Exchange, are reported by 24 identical mills in the New Bedford district, representing about 50 per cent of the fine cotton goods industry in New England and from 20 to 30 per cent throughout the United States. Data on sales no longer published, as not strictly comparable with. 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. « Dividends paid by cotton mills in Fall River in quarter ending in the month given, comprising about 38 mills, are compiled by G. M. Haffards & Co. Yearly figures are quarterly averages. Quarterly data, 1911-1922, are given in the September, 1923, issue (No. 25), p. 48. « Dividends paid by New Bedford cotton mills in quarter ending in the month given, compiled from records comprising about 26 mills, supplied by Sanford <& KeWsy*. i Nine months' average, April to December. Yearly figures are quarterly averages. Quarterly data from 1909 appeared in the May, 1926, issue (No. 57), p. 12. 8 Six months' average, July to December, inclusive; previous data not available. »Average for five months, August to December, inclusive; previous data not available. 1° Eleven months' average, January to November, inclusive. U Eleven months' average, February to December, inclusive. 35 Table 10.—COTTON TEXTILES l [Thousands of yards] TOTAL, 9 GROUPS SHEETINGS PRINT CLOTH PAJAMA CHECKS YEAH AND MONTH Production Stocks Unfilled orders 1925 monthly av. 2 190, 259 2 218, 403 2 291, 697 217, 977 243, 266 1926 monthly av _ 200, 196 Production Stocks Unfilled orders 2 46, 528 2 36, 250 2 53, 592 52, 120 31, 393 54, 378 DRILLS AND TWILLS (40" and narrower) Production Stocks Unfilled orders Production 2 63, 517 2 21, 018 291,913 65, 143 41, 104 60, 824 2 3, 328 6,886 2 2, 253 2,215 2 8, 443 21, 640 2 14, 769 11,141 Production Stocks Unfilled orders Stocks Unfilled orders 2 17, 856 * 18, 156 8,901 17, 288 1926 January February March April 229, 453 199, 153 197, 474 193, 119 220, 486 208, 154 211,352 234, 247 279, 025 239, 957 228, 503 201, 412 57, 015 46, 612 45, 254 46, 281 31, 105 22, 360 20,196 24, 561 64, 378 62, 689 53, 992 42, 378 80, 835 66, 952 65, 553 65, 747 29, 996 33, 569 32, 503 42, 841 86, 696 62, 111 56,757 47,411 4,796 4,404 4,839 5,624 921 914 1,212 1,360 7,080 10, 461 22, 352 26, 873 17, 136 14, 499 13, 295 12, 394 17, 072 16, 971 18, 394 20, 073 14, 811 11,517 8,446 4,757 May June July August. 214,415 174, 740 167, 365 208, 658 246, 740 261, 574 247, 825 216, 253 182, 101 160, 582 211,515 270, 482 56, 877 44,740 43, 894 61,008 30, 950 32, 244 29, 398 27, 324 45, 176 40, 469 56, 303 65, 084 73, 534 54, 008 53, 142 73, 016 50, 705 61, 256 57, 720 53, 142 29, 333 19, 161 46, 756 59, 224 7,662 6,410 6,588 8,879 1,487 2,107 2,043 3,046 25, 494 26, 822 26, 080 24. 806 12, 133 8,676 7,735 9,843 21, 595 22, 691 21,056 . 16,510 4,478 4,137 7,65a 10,084 September October November December 190, 556 230, 607 197, 231 199, 578 184, 036 181, 834 193, 099 210,122 302, 130 290, 917 277, 857 274, 715 52, 691 66, 205 53, 008 51, 853 26, 601 34, 365 45, 212 52, 399 60, 912 52, 968 56, 751 51, 438 59, 060 71, 818 58, 584 59, 472 37, 139 29, 505 28, 424 36, 448 66, 361 85, 032 88, 957 82, 088 7, 340 9,736 8,344 8,008 2,906 2,864 3,539 4,185 26, 393 25, 046 21, 778 16, 489 8,550 10, 361 9,229 9,842 14, 304 12, 907 12, 517 13, 368 10, 957 9,224 10, 618 10, 131 1937 January February Mi arch April May June « _ __ YEAR AND MONTH POCKETING TWILLS AND JEANS OSNABURGS HEAVY WARP SATEENS DRILLS, TWILLS, SHEETINGS, AND SATEENS (wider than 40") 2 COLORED GOODS 2 2 1925 monthly av_ 1926monthlyav_ 2 3, 808 2,682 2 5, 161 4,910 2 3, 788 2,384 26,019 7,993 2' 8, 001 4,565 2 6, 055 14, 347 21,219 1,161 * 1, 093 909 2 1,517 1,201 2 5, 904 5,644 2 2, 716 6,465 1926 January . February.. -- .. March April 4,298 3,324 3,092 2,450 7,091 7,153 7,037 7,573 3,309 2,140 1,608 1,170 7,199 7,380 8,145 6,844 8,357 7,536 7,523 7,151 16, 429 18, 532 15, 427 11,643 1,587 1,326 981 902 1,219 1, 037 1,201 1, 376 1,384 984 906 418 6,851 7,367 7,061 6,144 1,586 1,798 3,250 5, 258 19, 052 15, 177 12, 435 10, 483 49, 736 47, 289 49, 254 46, 733 123, 139 116, 816 120, 036 124, 054 65,886 56, 346 56,580 56, 279 May June July August 2,842 1,923 1,613 2,345 7, 145 6,378 5,223 3,875 1,214 1,004 1,744 2,817 8,592 7,498 7,694 9,567 4,061 2,320 1,900 2,131 16, 013 14, 078 13, 338 10, 236 885 775 548 991 1,67& 1,550 1,237 276 269 288 1,383 1,281 5,146 5,182 4,420 5,141 6,444 7,925 7,984 8,746 9,482 8, 563 8,827 8,994 46, 744 45, 528 41, 731 37, 868 122, 675 125, 103 121, 264 101, 203 50, 642 46, 060 49, 434 87, 956 1,985 2,812 2,428 3,068 3,108 1,645 1,564 1,122 3,607 2,901 3,962 3,131 8,039 9,825 7,200 7,936 3,736 4,734 2,786 2,549 11, 770 15, 198 14,756 14, 741 969 1,651 1,624 1,697 258 238 336 502 2,074 1,624 2,123 1,677 4,866 5,284 5,056 5,208 8,377 8,712 8,426 9,075 9,049 11, 240 10,544 10, 072 47, 056 52, 915 51, 758 52, 494 87, 607 86, 864 90,295 90, 474 111, 007 87,684 68, 368 84,948 September October _ November December _._ 18, 194 11, 160 45, 168 47, 426 124, 054 2 90, 039 109, 128 68, 433 1927 January February March April May June 1 Compiled from weekly and semimonthly reports issued by The Association of Cotton Textile Merchants of New York, reported by about 22 commission houses regardingthe mills which they represent, which are located principally in the South and estimated to cover at least 50 per cent of the industry. Monthly totals on production represent the four 9r five weeks falling within the month, while figures on stocks and unfilled orders are as of the week ending nearest the end of the month, except colored goods and drills, twills, sheetings, and sateens wider than 40 inches, which are compiled from semimonthly reports. Details by construction are given in the association's reports. Colored goods include denims, ginghams, and chambrays, chevoits, and plaids. 2 Four months' average. 36 Table 11.—SILK AND OTHER TEXTILES AND FUK SILK Stocks, end of month Imports i YEAR AND MONTH Deliv-2 eries 1920 monthly average . 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1926 monthly average _ Machinery activity 4 Nar- SpinAt ware-2 At mfg, Broad row ning houses plants 3 looms looms spindles Thous. oflbs. 1909-13 monthly average 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average.__ 1919 monthly average OTHER TEXTILES Per cent of active hours to total Bales 2,850 2,565 3,094 3,406 3,619 4,060 4,627 3,305 4,361 4,872 5,. 163 5,050 6,408 6,472 8 17, 830 26,94] 30, 635 29,868 30, 592 41, 779 41, 796 51, 312 21, 315 32, 350 33, 367 37, 464 44, 819 36, 814 15, 283 15, 176 18,484 20, 051 27, 732 24, 043 942.1 55.1 47.8 59.5 959.3 73.5 72.5 88.7 9 62. 6 72.5 69.5 97.9 Elastie Fibers web(unBurlap bing 5 manfd.) Shipments Imports i Thous. of yds. Long tons Thous, of Ibs. 14, 707 28, 613 32, 596 32, 960 32, 769 41, 070 33, 318 31, 886 27, 274 34, 052 38, 387 36, 519 34, 047 32, 147 40, 661 36, 366 36, 880 12,620 11, 593 13, 778 13, 041 10, 731 13, 478 10, 695 33, 817 20, 416 22, 815 26, 613 24, 691 25, 854 25, 047 47, 628 39, 595 43, 436 49, 873 47, 971 52, 151 49, 910 FUR Pyroxylin-coated textiles « (artificial leather) Sales by dealers 7 Pyrox- Sliip- Unfilled ylin ment& orders, end of spread billed month Thous. oflbs. Thous. of linear yds. 9 9 2, 482 2,201 2,438 2,900 2, 050 1,63^ 2,018 2, 256 9-2,46§ I, 577 1, 698 2,045 • 1925 September October November December Thous. of dolls. $12, 029 13, 624 1 i 8,408 7,240 6,814 8,063 41,684 46, 815 41, 848 42,484 42, 708 39, 423 46, 813 49,824 28, 169 30, 107 30, 602 30, 277 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 11, 658 13, 137 20, 936 23, 621 26, 930 27, 014 43, 664 42, 621 39, 957 51, 363 2,804 2,987 2,537 2,728 2, 377 2, 380 1, 975 2,077 1,857 1,852 1,933 I r 677 11,986 11, 867 14, 372 6,150 6,821 6,919 5,054 _.. 6,003 46, 148 42, 476 39, 400 37, 276 47, 326 43, 418 35, 948 30, 122 32,054 31, 118 28, 515 25, 898 93.9 92.6 92.0 84.0 59.1 59.2 62.5 65. 8 101.7 103.4 101.1 82.9 10, 875 10, 892 11, 983 9,608 36, 715 27, 235 36, 701 34, 257 64, 493 47, 190 63, 653 68, 816 2,310 2,320 2,885 2,517 1,927 1,971 2,313 2,127 1,639 2,080 1,696 1,687 8,714 14, 146 15, 473 16, 292 4,614 4,857 6,313 6,207 34,099 37, 644 39, 425 45, 943 31, 143 29, 111 27, 528 28,006 25, 323 20, 323 18, 665 19, 274 80.2 77.2 78.7 78.9 65.0 61.7 59.5 61.8 75.0 78.8 81.7 82.0 8,331 9,497 10, 854 10, 695 18, 919 17, 170 19, 975 15, 070 38, 339 44, 206 55, 258 52, 990 2,775 3,604 3,093 3,423 2,096 2,663 2,301 2,510 2,058 2, 374 2,186 2,158 13, 198 15, 040 13, 230 17, 647 7,046 7,936 7,934 7,961 43, 962 47, 768 47, 634 39, 771 34, 459 35, 094 47, 130 52, 478 18, 491 22, 762 22, 821 23, 270 80.8 66.6 87.5 11,429 12, 001 12, 335 10, 634 16, 004 18, 836 25, 017 34, 666 32, 066 53, 696 36, 529 41, 683 3,470 2,954 2,421 3,026 2,407 2,374 2,046 2,337 2,067 1,625 2,443 2,523 16, 969 13,664 10, 176 8, 943 1926 January February March _ April _ _ May June July August September October November D ecember __ _ . _ 1937 January j March May .- 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, averaging1 about 45 per cent for most of the year 1924. Owing to the varying number of mills reporting, the original figures have been prorated up to 100 per cent, by dividing the stocks reported by the percentage of the trade which they are estimated to represent. The maximum reporting capacity (60 per cent in April and May, 1923), coming immediately after a month •of minimum reporting capacity (35 per cent in March, 1923), indicates, in the close correspondence of these prorated totals, that the prorating shows the situation quite .accurately. * Compiled "by the Silk Association of America from manufacturers representing about 50 per cent of the industry. The figures represent the percentage of active hours to the total hours normally worked, and are weighted averages of each section of the silk industry, for which details are given in the association's monthly reports, i. e., New Jersey, Pennsylvania, New England, and all other. 6 Elastic webbing sales are reported by 8 manufacturers to the Webbing Manufacturers Exchange, comprising almost the entire industry. varies slightly each month i 7 Compiled by the Amer places in the United States and Canada. 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, January and October figures not being available. 37 Table 12.—COAL ANTHRACITE BITUMINOUS Production YEAR AND MONTH United CanStates i ada 2 Stocks, Prices end of mo. Stocks, end of ProWholeBy ExBy coke plants mo., Exduc- 1 Dis3 By held by Mine sale, Retail, tion trib- Retail ports ports 3 vesaver- Kana- Chisels electric conuting dealers 11 6 age wha, clear- power5 roads United Can- sumers* 11 points 13 (spot) 10 f.o.b. cago ing plants 12 States i ada s Cinci. ports 4 Consumption Prices a Whole- Retail, sale, chest- chestnut, nut, New 1 New York i York " Thous. of short Thous. of long tons tons 1909-13 1913 m. a_ 1914 m. a. 1915 m. a_ 1916 m. a_ 1917 m. a. 1918 m. a_ 35, 522 39, 870 35, 225 36, 886 41, 877 45, 983 48, 282 1919 m. a_ 1920 m. a. 1921 m. a_ 1922 m. a. 1923 m. a 1924 m. a_ 1925 m. a_ 1926 m. a. 38, 822 47, 389 34, 660 35, 189 47, 047 40, 307 43, 338 48, 191 Dollars per short ton Thousands of short tons 1,114 1,499 1,150 1,397 1, 581 1,774 1,663 642 606 620 656 574 461 1,160 1,412 1,255 1, 263 1,416 1,136 1,095 1,497 2,866 1,721 924 1,596 1,272 1,299 2,626 604 780 629 343 379 332 362 575 2,925 3,104 2,631 2,850 3,241 3,132 3,336 9,451 7,644 8,006 9,123 8,161 8,123 1936 Jan Feb Mar Apr 53, 662 1,230 46, 577 1,076 46, 137 1,069 40, 079 995 993 1,013 1,143 1,094 330 305 423 ' 401 3,723 3,311 3,490 3,125 9,155 8,351 9,025 8,063 7,644 7,241 7,252 6,723 240 252 238 232 May June July Aug 39, 059 41, 992 43, 472 46, 352 1,139 1,396 1,348 1,336 1,517 2,139 3,240 3,548 437 521 641 709 3,085 3,174 3,360 3,447 7,844 7,519 7,635 7,873 6,742 6,465 6,915 6,574 242 230 236 250 Sept Oct Nov Dec 48, 976 54, 592 59 721 57, 671 1, 407 1,700 3,737 4,188 4,605 4,299 739 840 841 718 3,481 8,115 3,699 8,973 3,600 6,543 6,847 6,735 6,555 250 263 234 « 2, 764 4,463 6,849 5,340 6,196 6,853 187 7,198 7,627 7,569 7,416 7,298 8,301 8,236 $1.23 1.14 1.12 1.85 3.25 2.58 $2.20 2.20 2.20 2.68 4.58 3.88 $4.81 4.93 4.89 4.87 6.95 6.58 40, 400 29, 933 44, 250 38, 583 49, 000 49, 000 44, 400 2.59 5.64 2.55 3.69 2.77 2.08 2.06 2.21 4.11 5.85 4.56 5.20 4.31 3.43 3.40 3.62 6.86 H 9. 66 8.85 i« 9. 53 9.23 8.15 8.65 8.96 45,000 2.18 2.11 2.02 1.92 3.49 3.39 3.39 3.39 9.48 9.34 8.99 8.39 173 2,083 8,790 8,217 1.93 1.90 1.91 2.00 3.39 3.39 3.39 3.39 8.12 8.13 8.27 8.32 8,054 8,937 8,429 8,225 2.15 2.70 3.19 2.54 3.64 3.74 4.39 4.39 8.91 9.06 10. 15 10.34 8,444 8,675 7,446 7,528 57,900 J Thous. Thous. Thous. Thous. Dolls, Dolls, of short of long of short of long per long per short ton ton tons tons tons tons 40, 000 36,000 39, 000 41,000 44,000 931 7,341 7,467 7,539 2,673 4,557 1,478 7,778 696 7,327 2,983 5, 151 183,954 7,083 1,370 454 649 1,308 1,137 637 1,047 1,181 1,245 288 346 319 295 347 447 370 $5.32 5.40 5.29 5.57 5.94 6.86 370 402 348 197 379 299 237 300 &27 9.50 10.53 17 10. 58 10.88 11.37 »11.19 21 11. 48 6 37 297 295 11.49 11.48 11.48 15.29 14.54 . 327 11.48 386 11.47 11.48 390 11.47 395 jJ4.50 14.50 14.50 14.50 11.48 11.48 11.48 11.48 14.54 14.50 14.50 14.50 363 459 350 294 (20) $6. 97 7.00 7.18 7.34 8.46 9.19 10.81 13. 65 13.51 " 13. 50 14. 21 13.99 19 14. 90 22 14. 59 14 (20) (20) 1937 Jan _. Feb Mar Apr 1 1 Production figures, calculated from shipments from the mine and representing complete production except for small quantities used at the mines, compiled by T7. S. Department of Commerce, Bureau of Mines. Monthly data from 1911 given in November, 1924, issue (No. 39), p. 215. Periodic data on total stocks from 1916 given in March, 1924, issue (No. 31), p. 13. 2 Compiled by Department of Trade and Commerce, Dominion Bureau of Statistics, including bituminous, subbituminous, and lignite. Previous to 1919 these data comprised sales, colliery consumption, and coal used by operators, and thereafter the tonnage representing output of all mines. 3 Compiled by the V. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; bunker coal on vessels engaged in the foreign trade is not included. * Coal loaded for consumption by outgoing vessels at principal ports compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data5 covering the period 1913-1923 appeared in October, 1923, issue of the SURVEY (No. 26), p. 61. From U. S. Department of the Interior, Geological Survey, representing fuel consumption by all plants producing electric power, mainly central stations. Coal consumption in central stations alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants, and reclamation projects in March, 1925, issue (No.6 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 that about 3 per cent would be added to the figures by such inclusion. About 2 per cent of the coal consumed on railroads in 1923 was anthracite. Monthly data from 19207appeared in January, 1926, issue (No. 53), p. 23. Compiled by the U. S. Department of Commerce, Bureau of Mines, by applying to the coke production figures the average amount of coal used in making both byproduct and beehive coke. Monthly data from June, 1921, were given in March, 1926, issue (No. 55), p. 25. 8 Data from the Canadian Department of Trade and Commerce, Dominion Bureau of Statistics, presenting complete figures for Canada. 9 Compiled by the U. S. Department of Commerce, Bureau of Mines, representing stocks in the hands of commercial consumers and retail dealers at the end of each month, but does not include coal for steamship fuel, on lake docks, in transit, and in householders' bins. The figures for 1918 were taken on three different dates, from actual canvasses, while the later figures are based upon reports from a selected list of 5,000 consumers whose stocks in 19J.8 bore a known relation to the known total stocks. Data for 1918 and 1919 are averages of one month, for 1920 and 1924 each 3 months, for 1921, 4 months, for 1922, 6 months, and for 1923,8 months. Details from 1919 were given in the December, 1926, issue (No. 64), p. 14. 10 Average mine price of spot coal in 14 representative bituminous fields weighted by the production in each field, compiled by the Coal Age; about 20 per cent of the total11output 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 are monthly averages from U. S. Department of Labor, Bureau of Labor Statistics. Wholesale price of bituminous coal is based on run of mine, while the retail price is average consumer's price of lump, egg, nut, and mine run, averaged according to shipments. w From Anthracite Bureau of Information, representing stocks at distribution points excluding Hudson Coal Co. tonnage. 13 Compiled by the U. S. Department of Commerce, Bureau of Mines, from reports of 474 retail dealers. Averages for one month in the fall or early winter of each year ..„ , _ , .,f t available. ifi Eleven months' average, August missing. I?8 Eight months' average, May, June, July, and August missing. *9 Seven months' average, January to July, inclusive; no data available for other months. 120 Eleven months' average, January to November, inclusive; no December quotations. No data available. 21 Eleven months' average, January missing. http://fraser.stlouisfed.org/ 23 Tea months' average, January and February missing. Federal Reserve Bank of St. Louis 38 Table 13.—IRON ORE AND PIG IRON IRON OMEi MANGANESE ORE YEAR AND MONTH Slf 111 III Sg« PIG IKON Stocks, end of month Hecelpts ConsumpShipIm- ments Lake tion ports - from Erie by mines ports Other furand ports naces Total furnaces Furnaces in Wast, end of month 4 Production 1 United Canada 7 On States * At fur- Lake Fur» Capacnaces Erie naces ity Merdocks Total chant Total iron 6 Num.- Tons per Per cent ber day Thousands of long tons 1909-1913 mo .av 1913 mo.av 1914 mo.av 1915 mo.av 1916 mo.av 1917 mo.av 1918rno.av 1919 mo.av 21 29 24 26 48 52 41 28 180 218 113 112 110 81 66 40 4,089 2,688 3,869 5,395 5,208 5,096 3,931 3,230 2,091 3, 127 4,282 4,033 3,978 3,074 826 565 732 1,082 1,128 1,089 » 5, 290 9 33, 455 816 3,903 31, 325 1920 1921 1922 1923 1924 1925 1926 51 33 31 16 19 23 30 106 26 95 231 171 183 213 4,886 1,858 3, 552 4,921 3,552 4,507 4,878 3, 736 1,298 2,637 3,638 2,630 3,225 3,532 1,096 540 863 1,220 888' 1,238 1,373 mo. av mo. av mo. av mo. av mo.av mo.av mo.av 4,531 2,030 3, 355 5, 191 3,833 4, 584 4,863 29, 753 33, 330 33, 751 31, 036 31, 639 30, 422 29, 860 Per cent of total e 25, 523 23, 546 7,230 8,234 7, 779 2,262 2, 530 1, 921 2, 472 3, 254 3,182 3,209 2,549 676 753 560 647 922 929 863 650 21,211 24, 512 25, 642 24, 438 25, 076 24, 319 23, 863 8,542 8,818 8,109 6,621 6,563 6,102 5,998 3,035 1,379 2,240 3,338 2,591 3, 033 3,256 7, 530 7, 246 7, 244 Wholesale prices 3 Foundry, No. 2, northern (Pittsburgh) Basic Com(valley posite furpig nace) iron 5 Dollars per long ton 87 87 88 68 252 268 187 230 319 338 352 241 74, 507 84, 080 62, 390 83, 539 106, 775 106, 499 8 108, 950 81, 900 60.8 63.7 44.5 55.0 81.4 83.2 83.1 56.3 $15. 60 161. 01 13.90 14.87 21.07 41.45 34.44 30.28 $14. 71 12. 87 13.74 19.76 38.98 32. 50 27.68 $15. 21 15.42 13. 52 14. 15 20.31 39. 99 34.38 29.92 824 246 472 805 621 659 750 81 50 32 73 49 48 62 287 97, 561 105 8 41, 353 181 75, 164 277 109, 055 84, 795 203 99, 690 216 221 106, 586 66.5 25.1 43.2 66.2 50.1 55.1 59.4 44.88 25. 15 26.93 28.15 22. 50 21.66 20.63 42.25 21.74 24.20 25.81 20.24 19.58 18.55 43.80 24.06 25.09 27. 15 21. 87 21.32 21.06 [ 1935 May June July.. August 26 17 26 34 150 183 174 171 8,314 7,958 8,531 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 63 46 21 27 196 189 190 192 89, 550 85, 250 86, 420 88, 250 49.4 47.7 48.5 48.1 20.89 20.06 20.28 20. 26 18.81 18.05 18.00 18.00 20.65 19. 78 19.72 19.78 SeptJffiaber October November December 23* 23 33 37 93 204 246 240 7,355 7,004 4,258 7 5,646 5,147 3,198 48 1,864 2,088 1,517 5 4,011 4,609 4,554 4,965 38, 423 41, 198 41, 686 36, 899 31, 408 33, 542 33, 830 29, 818 7,015 7,656 7,856 7,081 2,726 3,023 3,023 3,250 617 653 679 722 35 74 69 55 200 206 220 234 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 1936 January February March April 38 27 27 55 202 160 184 195 10 5,043 4,389 5,160 5,192 32, 035 27, 677 22, 611 17, 708 25, 412 21, 593 17, 120 13, 133 6,623 6,084 5,491 4,575 3,316 2,923 3,442 3,450 716 651 781 773 57 50 53 68 224 226 238 237 104, 065 104, 800 114,000 115, 150 59.3 60.3 63.3 63.5 22.26 22.26 22.26 20.76 20.00 20.00 20.00 18.63 22.29 22.31 22. 27 21.53 May June July August 22 31 34 41 239 273 233 259 6,113 8,770 9,999 10, 709 3,338 6,472 7,300 7,655 1,477 3,217 2,609 2,651 5,194 4,834 4,787 4,796 17, 387 21, 512 26, 691 32, 174 13, 063 - 4,324 16, 939 4,573 21, 582 5,109 5,894 26, 280 3,481 3,235 3,223 3,200 794 770 762 776 73 71 67 59 228 220 216 213 110, 600 106, 140 103, 245 102, 085 61.5 59.6 58.5 57.7 20.64 19.71 19. 45 19.26 18.38 18.00 17. 63 17.50 21.15 20.62 20.23 20. 19 September October November December 18 13 20 27 233 190 186 205 9,622 9,337 3,947 23 7,346 6,906 3,283 88 2,586 2,360 1,549 30 4,738 4,948 4,717 4,562 37, 335 42, 004 42, 761 38, 426 30, 438 34, 407 35, 098 31, 286 6,897 7,597 7,663 7,140 3,136 3,334 3,237 3,091 700 755 752 769 64 70 52 54 216 219 213 204 105, 480 108,760 105, 850 98, 860 58.4 58.9 57.1 55.0 19.39 20.26 20.76 20.51 17.50 18.00 18.50 18.50 20.18 20.39 20.83 20.77 1927 January .. February March April May June. 1 Data on iron ore from the Lake Superior Iron Ore Association, except imports. Shipments represent movement of ore through the upper lake ports, including not only tonnage passing through the Sault Ste. Marie canals but also that from ports on Lake Michigan, thus representing over 85 per cent of the total iron ore mined. Receipts at ports other than on Lake Erie are mostly at Chicago and vicinity and Detroit, the details by ports being shown in the monthly reports of the association, which also give by districts the consumption data. Monthly data on stocks and consumption from 1921 are givenin June, 1923, issue of the SURVEY (No. 22), p. 49. Furnaces reporting vary2 in number from 319 to 341 and beginning with June, 1922, reports from 15 Canadian furnaces are included. Averages are based on the full twelve months of the year. Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports of manganese ores exclude ores imported from Cuba since September, 1922, which are shown only in the raw state, but included these ores prior to that date, when they were combined with the manganese content of imported ores. a Wholesale prices, except composite average, are averages of weekly quotations taken from U. S. Department of Labor, Bureau of Labor Statistics. Monthly prices of basic pig iron from 1920 in June, 1922, issue (No. 10), p. 42. * Pig-iron production and blast furnace data, in the United States, comprising practically the entire output, except that made with charcoal, from the Iron Age. Monthly data6 from 1913 on all items appeared in February, 1925, issue of the SURVEY (No. 42), p. 44. The composite pig-iron price, compiled by the American Metal Market, is the average of daily prices of 10 tons of iron distributed as follows: One ton each of Bessemer Valley; No. 2 foundry valley; No. 2X foundry at Philadelphia and at Buffalo; No. 2 foundry at Cleveland and at Chicago; 2 tons each of basic valley and No. 2 Southern foundry at Cincinnati. 6 Compiled from data reported by the Iron Age by subtracting the figures on pig iron produced by steel mills from the total pig-iron production figures, thus obtaining data7 on the total output of merchant pig iron. Data on Canadian pig-iron production compiled by Canadian Department of Trade and Commerce, Dominion Bureau of Statistics. 8 Eleven months' average, February to December, inclusive. http://fraser.stlouisfed.org/ *Nine months' average, April to December, inclusive. Federal Reserve Bank of St. Louis 39 Table 14.—CRUDE STEEL AND COKE STEEL INGOTS IT. S. STEEL COSP.3 COKE STEEL, PRICES Production Production United States 1 YEAR AND MONTH Total Katio to Canada 2 Unfilled orders, Earnings end of month Steel Strucbillets, tural Bessesteel mer beams (Pitts-4 (Pittsburgh) burgh)* Iron and steel s Composite steel e United States ^ ByBeehive product capac. Thous. of long tons 1909-13 monthly average. 1913 monthly average - 1914 monthly average 1915 monthly average 1916 monthly average. _ 1917 monthly average _ 1918 monthly average .. 1919 monthly aver age _ - 1920 monthly average 1921 monthly average.- _ 1922 monthly average 1923 monthly average. 1924 monthly average- 1925 monthly average- _ . 1926 monthly average Thous. of long tons Thous. of dolls. Dolls, per long ton pound per Dolls, per long 106 130 140 77 4,795 5,907 4,115 5,189 9,722 10, 720 8,635 5, 995 $10, 370 11, 432 5,972 10, 866 27, 798 24, 608 16, 613 11, 966 $23. 93 25.79 20.08 22.44 43.95 70.78 47.30 40.54 $0. 0151 .0118 .0128 .0253 .0374 . 0300 .0252 $26. 32 22.92 24.76 40.50 70.10 56.68 50.32 92 56 41 74 54 63 65 10, 022 5,331 5,648 6,009 3,993 4, 324 3,922 14, 724 7,727 8,461 14, 971 12, 745 13, 766 16, 584 56.14 34.46 33.95 41.65 37.99 35.45 35.00 .0284 .0204 .0173 .0242 .0224 .0200 .0196 65.59 40.74 37.86 44.55 40.86 38.83 38.27 100 63 22 25 4,050 3,710 3,539 3,513 13, 803 13, 444 13, 909 14, 399 35.25 35.00 35.00 35.00 .0200 .0200 .0200 .0193 38.37 37.60 27.45 37.39 .0269 .0265 .0263 37 109 73 62 3,717 4,109 4,582 5,033 14, 093 14, 592 14, 211 13, 477 35.00 34.25 34.75 35.00 .0195 .0195 .0195 .0195 37.35 37.61 38.73 39.14 .0261 .0261 89 88 93 88 69 53 59 80 4,883 4,617 4,380 3,868 13, 810 14, 385 16, 866 15, 705 35.00 35.00 35.00 35.00 .0195 .0195 .0195 .0195 85 80 78 86 90 81 65 46 3,649 3,479 3,603 3,542 16, 160 15, 949 17, 799 17, 244 35.00 35..00 35.00 35.00 84 88 80 74 59 64 54 58 3,594 3,684 3,807 3,961 17, 584 18, 992 18, 145 16, 365 35.00 35.00 35.00 35.00 Per cent 2 523 1, 902 2, 607 3, 450 3, 635 3,588 2,808 3,407 1,602 2 881 3,624 3,068 3,678 3,928 84 Dolls, ton Dolls, per pound j Can-8 ada Thous. of short tons Exports 9 Wholesale price Connelisville 10 Thous. Dolls, of long per short ton tons 2,799 1,945 2,292 2. 955 2,764 2, 540 1,587 1,060 935 1, 173 1, 589 1,870 2,167 2,095 73 73 49 67 87 105 126 53 $2.09 2.30 1.79 1.89 3.81 8.15 6.00 4.75 1,709 462 714 1,615 857 946 972 2,570 1,646 2,379 3,133 2,832 3,326 3,703 68 23 38 92 49 71 73 10.79 3.65 7.42 5.55 3.53 4.09 4.14 710 632 561 641 3,280 3,151 3,167 3,159 130 110 89 95 59 50 64 64 3.11 2.90 2.91 3.19 .0263 .0265 794 1,066 1,286 1,385 3,178 3,395 3,550 3,753 103 161 156 152 84 71 87 131 3.70 6.53 6.88 4.45 39.18 38.95 38.90 38.60 .0265 .0263 , .0263 .0264 1,381 1,402 1, 158 981 3,804 3,500 3,777 3,602 156 166 152 149 82 68 87 55 7.31 7.84 3.28 3.13 .0195 .0185 .0195 .0195 38.25 37.68 37.69 37.61 .0261 .0262 .0264 .0264 884 811 963 752 3,722 3,610 3,756 3,749 159 152 158 166 80 76 81 75 2.94 2.84 2.94 3.14 .0200 .0200 .0200 .0200 37.70 38.02 38.43 38.26 .0264 .0265 .0265 .0265 820 867 860 780 3.654 3,814 3,743 3,706 166 174 154 64 84 67 61 3.49 4.00 4.89 3.91 $0 0171 .0172 . 0152 .0163 . 0280 . 0446 .0379 .0332 .0363 .0269 .0231 . 0295 .0284 .0268 .0264 123 1925 May June _ July August- 3 455 3,204 3,084 _ 3,421 September October November December. 3,490 3,889 3,903 3,971 1936 Januarv February March April _ _ 4,150 3,802 4,488 4,124 May June July August September October NovemberDecember 3,945 3,751 3,651 .- 4,005 3,931 __ 4,093 3,722 3,472 .0261 1937 January February March.. April May June 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 i n 1922. In order to make the monthly figures comparable they have been calculated to a 100 per cent production each year on the basis o f 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 productionin 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 Steel Institute. Data for 1925 and 1926 are prorated on the 1924 percentage. Monthly data, beginning with inauguration of monthly figuresin 1917, are givenin April, 1924, issue (No. 24), p. 61. 2 Production of steel in Canada, representing complete figures, compiled by Department of Trade and Commerce, Dominion Bureau of Statistics. 3 Unfilled orders olsteel and earnings reported by United Sta es Steel Corporation. Monthly unfilled orders, 1913-1921, are givenin December, 1922, issue (No. 16), p. 47. *8 Average of weekly prices from U. S. Department of Labor, Bureau of Labor Statistics. Monthly prices, 1920 and 1921, arein May, 1922, issue (No. 9), pp. 49 and 83. Average of weekly prices compiled by the Iron Trade Review, on the following 14 products: Pig iron, billets, slabs, sheet bars, wire rods, steel bars, plates, structural shapes, black galvanized and blue annealed sheets, tin plates, wire nails, and black pipe. Pig iron average, in turn, is average of 13 different quotations. Monthly data, 1913-1922, givenin April, 1923, issue (No. 20), p. 48. ^F & e, > & H > , 6 The figures for composite steel compiled by the American Metal Market represents the daily average price per pound of steel products weighted as follows :2H-pound bars.1 1^-pound plates, Impound pipe, Impound wire nails, 1-pound galvanized sheets, and H-pound tin plate. Production figures, representing complete production, compiled by U. S. Department of Commerce, Bureau of Mines. 8 Compiled by the Canadian Department of Trade and Commerce, Dominion Bureau of Statistics, presenting complete figures for Canada. 9 Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 1° Compiled by U. S. Department of Labor, Bureau of Labor Statistics, representing beehive furnace coke (range of prompt and future) at Cozmellsville ovens. 40 Table 15.—FABRICATED STEEL PRODUCTS FABRICATED STRUCTURAL STEEL 1 New orders YEAR AND MONTH Computed total Shipments FABRICATED STEEL PLATE 2 IRON AND STEEL 3 STEEL FURNITURE < New orders Total RaHaRa- Stortioto Com- tio to age ca- puted ea- Quan- tio to tanks tity pac. capac. Business group ImExports, ports, total total Shipments Per cent Short tons Per cent Short tons Per cent Short tons Unfilled orders, end of mo. Shipments New orders 1, 940, 874 1, 250, 244 1, 432, 294 1, 811, 201 1, 908, 965 « $1,255, 502 s $566, 648 2, 278, 907 1, 540, 813 556, 493 2,615,712 1, 693, 293 611, 283 $285, 119 New orders pac. Short tons Shelving Long tons Unfilled orders, end of mo. Dollars 1913 monthly av_ 1914 monthly av_ 1915 monthly av_ 1916 monthly av_ 1917 monthly av_ 19 18 monthly av_ 1919 monthly av_ 105, 000 105,500 149, 800 153, 180 138, 600 136, 640 133, 560 50 50 70 69 60 56 53 227, 187 128, 256 293, 088 506, 238 532, 170 444, 091 362, 920 26, 438 24,831 23, 572 26, 904 27,419 13, 972 26, 854 1920 monthly av 1921 monthly av_ 1922 monthly av. 1923 monthly av. 1924 monthly av_ 1925 monthly av. 1926 monthly av. 140, 400 92, 750 176, 080 166, 407 200, 217 224, 175 210, 525 54 35 62 64 68 74 67 200, 949 226, 971 236, 333 69 74 75 46, 650 27, 436 30, 593 39, 948 61 37 ' 36 52 25, 285 10, 413 8,261 14,569 405, 644 182, 661 167, 515 167, 565 150, 580 146, 881 180, 587 34, 546 10, 075 64, 115 59, 961 38, 868 « $1,935, 736 70, 488 2, 235, 635 2, 618, 970 77, 268 1935 May June July . August 207, 400 259, 250 247, 050 237, 900 68 85 81 78 228, 750 231, 800 247, 050 244, 000 75 76 81 80 31, 483 37, 017 32, 361 37, 420 28 45 39 45 9,679 17, 108 6,756 12, 621 150, 612 136, 847 139, 861 188, 465 62, 223 75, 602 50, 618 57, 099 2, 204, 103 2, 130, 316 2, 111, 358 1, 957, 385 2, 127, 440 2, 116, 034 2, 105, 133 1, 989, 476 1, 457, 502 1, 457, 432 1, 490, 784 1, 437, 507 549, 272 514, 117 482, 187 452, 716 523, 426 501, 182 510, 815 516, 694 September October _ NovemberDecember. _ 244, 000 268, 400 216, 550 225, 700 80 88 71 74 240, 950 265, 350 222,650 240, 950 79 87 73 79 28, 362 32, 772 31, 673 33,700 34 39 39 41 10, 095 8,802 7,676 7,884 136, 791 141, 817 171, 134 142, 209 61, 015 69, 280 70, 261 85, 652 2, 123, 733 2, 423, 474 2, 191, 680 2, 851, 652 2, 260, 194 2, 488, 353 2, 309, 159 2, 876, 761 1, 629, 357 1, 544, 013 1, 663, 526 1, 695, 927 542, 173 622, 471 574, 905 788, 461 624, 676 730, 911 686, 814 620, 947 511, 689 626, 933 739, 831 570, 941 182, 700 182, 700 207, 900 220, 500 58 58 66 70 204, 750 189, 000 242, 550 242, 550 65 60 77 77 27, 484 37, 541 39, 764 36, 345 34 49 52 48 8,316 10, 184 12, 693 6,390 174, 585 157, 187 169, 438 194, 449 71, 838 92, 681 83, 808 98, 442 2, 859, 393 2, 598, 713 2, 843, 869 2, 782, 167 3, 063, 833 2, 662, 095 2, 687, 268 2, 936, 884 1, 927, 777 1, 975, 884 1, 804, 059 1, 783, 734 578, 161 603, 501 726, 413 699, 370 582, 016 656, 367 583, 701 704, 432 584, 824 633, 935 604, 991 570, 693 May June July August 233, 100 229, 950 217, 350 252, 000 74 73 69 80 236, 250 274, 050 261, 450 248, 850 75 87 83 79 49,971 41, 695 34, 213 48, 138 64 54 44 64 16, 243 11, 114 12, 827 21, 723 173, 418 159, 506 194, 717 171, 588 92, 201 107, 712 61, 795 75, 248 2, 575, 561 2, 605, 502 2, 149, 546 2, 342, 615 2, 464, 457 2, 556, 631 2, 283, 666 2, 298, 526 1, 588, 788 1, 535, 166 1, 668, 989 1, 637, 538 617, 260 601, 913 531, 361 545, 901 580, 995 606, 698 604, 271 610, 617 587, 310 553, 660 602, 134 662, 148 September October November ._ December 185, 850 201, 600 192, 150 59 64 61 70 252,000 249, 850 220, 500 214, 200 80 79 70 68 35, 589 41,969 59, 886 26, 992 47 56 74 38 17, 038 23, 070 25, 945 9,283 182, 071 172, 070 219, 830 198, 189 68, 334 64, 722 58, 472 51,964 2, 449, 906 2, 552, 997 2, 734, 540 2, 932, 834 2, 419, 554 2, 614, 780 2, 603, 152 2, 797, 698 1, 613, 823 1, 687, 319 1, 547, 128 1, 549, 309 588, 096 639, 780 707, 893 595, 906 574, 949 511, 116 790, 426 745, 364 730, 846 595, 254 1936 January February March April. ... _ 220,500 $1, 335, 349 •583, 488 620, 151 122, 826 204, 983 i 364, 357 466, 638 8 $374, 017 482, 843 579, 185 614, 913 638, 465 372 296 360, 089 398,973 447, 255 1937 April i Fabricated structural steel data compiled by the Bridge Builders and Structural Society up to April, 1922, and since then by V. S. Department of Commerce, Bureau of the Census, including reports from the Structural Steel Society. Percentages of capacity calculated from reports of the Bridge Builders and Structural Society up to April, 1922, and 1926, for comparison with previous figures. . . 2 Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 36 identical firms, including most of the larger fabricators. Data for other classifications included in the total covering refinery, tank cars, gasholders, blast furnaces, and miscellaneous, including stocks and ladles, but not separately shown, are given in press3 releases issued by the Bureau of the Census. . . Iron and steel exports and imports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The exports prior to 1922 are based on the group of pig iron and rolled products as used in the Iron Trade Review, comparable each month back to 1913. Beginning with January, 1922, all commodities are given in quantities in the export reports, and thus a grand total can be presented, which is not more than about 5 per cent larger, on the average, than the data for the comparable items. Imports are identical throughout the period, with a few minor exceptions. . . . . 4 These data, compiled by the U. S. Department of Commerce, Bureau of the Census, including reports from the National Association of Steel Furniture Manufacturers, are based on reports from 33 companies in the "business group" and 15 companies manufacturing shelving, comprising the entire^industry, with few exceptions. Monthly data from 1919 are given in March, 1923, issue (No. 19), p. 45 and the later data in the November, 1924, issue (No. 39), p. 60. The "business group" includes sections, counters,6 office and vault verticals, safes and interiors, desks and tables, and small miscellaneous articles, exclusive of lockers. Four months' average, September to December, inclusive; previous data not available. 41 Table 16.—STEEL SHEETS AND BARRELS STEEL BARBELS 3 SHEETS— BLUE, BLACK, GALVANIZED, AND FULL FINISHED 1 Production Stocks, end of month Prices2 Shipments Ratio YEAR AND MONTH Total to capac- Total Unsold New orders Unfilled orders Y'ngstown ity < dis- Shipments Stocks, Unfilled orders, month month end of end of trict ity Short tons Ratio Producto tion capac- Per Dols. per Number 100 Ibs. of barrels Short tons cent 1917 monthly average 1918 monthly average 1919 monthly average 1920 monthly average.,. 1921 monthly average. .. 171, 489 85,409 72.7 34.9 111, 906 106, 175 5,590 46, 989 172, 161 87, 702 140, 844 75, 329 689, 853 232, 551 1922 monthly average 1923 monthly average 1924 monthly average. .. 1925 monthly average. ._ 1926 monthly average... 190,864 222, 660 219, 836 293, 499 287, 288 76.5 79.7 74.2 92.8 90.4 108, 709 129, 728 122, 955 137, 863 162, 234 28, 703 35, 336 42, 115 45, 702 50,085 182, 519 230, §23 209, 329 266, 156 282, 835 203, 869 213, 583 225, 024 273, 281 266. 361 346, 449 450, 750 368, 147 530, 869 530, 595 317, 424 283, 290 290, 308 280, 082 98.0 96.5 90.7 87.5 140, 823 159, 661 151, 788 137, 499 49, 460 53, 717 57, 714 51, 264 283, 645 255, 080 279, 437 263, 174 241, 040 235, 980 263, 666 193, 949 607, 190 565, 133 550, 422 463, 425 260, 470 266, 290 246, 404 270, 212 87.0 83.4 75.5 87.2 133, 513 132, 552 130, 940 114, 577 52, 051 51, 614 42, 081 38, 476 232, 372 231, 006 223, 454 243, 204 186, 538 286, 453 252, 871 239,492 399, 330 440, 687 475, 950 460, 530 September October November December 295, 810 348, 714 336, 021 326, 960 92.7 106.4 107.8 100.7 120, 798 123, 444 143, 282 165, 481 36, 587 40, 200 36, 105 39, 155 262, 050 332, 211 294, 660 293, 579 286, 029 403, 491 370, 361 319, 504 497, 698 595, 583 636, 570 677, 907 1926 January February March .__ . April 328, 643 299, 553 319, 132 294, 811 104.4 100.9 94.2 91.0 165, 966 165, 445 173, 381 184, 289 55, 295 51, 648 61, 433 62, 604 333,485 290, 026 320, 623 288, 759 253, 323 181, 101 304, 233 249, 866 609, 203 523, 882 534, 641 472, 448 May June July August. 264, 541 268, 448 239, 764 293, 703 84.3 84.0 77.3 92.0 178, 539 176, 428 153, 962 147, 862 58, 503 55, 140 46, 031 44, 988 267, 299 262, 231 264, 025 281, 602 201, 743 284, 319 352,414 283, 055 418, 582 422, 237 520, 281 521, 837 September October November December 307, 459 314, 598 278, 455 238, 345 96.2 101.4 86.9 72.3 134,422 141,206 165, 114 160, 193 34, 511 40, 758 40, 929 49, 182 302, 198 301, 474 262, 797 219, 489 448, 147 212, 029 185, 235 240, 862 731, 977 581, 993 500,120 529, 940 $4.60 5 17 4 47 5.35 3.46 3.01 3.51 3.63 3.15 Per cent Number of barrels 18.1 33.9 640.7 393, 800 503, 888 549, 036 43.7 48.4 393, 535 504, 364 548, 904 49, 845 52, 614 47, 865 756, 963 1, 169, 765 1, 448, 140 420, 127 413, 823 505,429 594, 971 39.0 38.0 45.0 52.0 415, 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, 552 570, 962 514, 913 497, 152 498, 449 47.0 44.0 41.0 39.5 569, 670 508, 880 506, 894 495, 736 48, 340 54, 373 44, 631 48, 052 950, 353 852, 594 1, 109, 383 1, 114, 667 510, 869 553, 545 498, 929 467, 485 42.0 51.0 45.0 41.0 503, 221 555, 981 498, 070 474, 742 55, 184 52, 748 53, 607 46,100 1, 012, 576 890, 904 1, 248, 545 1, 745, 346 468, 722 522, 486 622, 949 602, 058 43.8 46.9 55.0 53.4 469, 432 518, 104 622, 312 608, 056 45, 390 49, 772 50, 409 44, 411 1, 765, 846 1, 697, 328 1, 645, 066 1, 279, 159 581, 962 626, 812 585, 734 523, 037 51.3 54.6 47.7 41.0 582, 352 624, 082 593, 611 511, 542 44, 021 46, 751 38, 874 50, 369 1,209,815 1, 300, 113 1, 293, 601 1, 170, 998 511, 118 493, 363 510, 489 539, 805 43.6 46.0 48.0 50.0 508, 548 497, 031 505, 383 546, 392 52, 939 49, 271 54, 377 47,790 1, 288, 431 1, 149, 325 1, 732, 007 1, 845, 987 1935 January February March April _ _ May June July August 1937 January February March __ April May June. - _ _. 3.40 3.25 3.05 3.05 3.05 3.10 3.20 3.25 3.25 3.25 3.25 L_ _ !. | ' i___ _ 1 ii are based on these price reports. 3 Compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 30 identical establishments, operating 35 plants, except for figures on percentage of capacity operated, which are compiled by the Steel Barrel Manufacturers' Institute from reports to it each month by from 14 to 23 members. Monthly data from 1921 appeared in March, 1926, issue (No. 55), p. 24. Data on shipments, unfilled orders, and new orders of the Steel Barrel Manufacturers Association for 1921 to 1923 appeared in February, 1924, issue (No. 30), p. 77, while orders data for 1920 may be found in September, 1923, issue (No. 25), p. 54. * Compiled by the Steel Barrel Manufacturers' Institute, through September, 1926, snowing the percentage to capacity used in the production of steel barrels each month, as reported by from 14 to 23 members of the institute, no data being collected from November, 1923, to November, 1924, inclusive. Monthly data since January, 1921, appeared m the March, 1926, issue (No. 55), p. 24. Beginning with October, 1926, these data are compiled by the U. S. Department of Commerce, Bureau of the Census, from5 the same firms as contribute the other steel barrel data. Ten months' average. 42 Table 17.—IRON AND STEEL CASTINGS MALLEABLE CASTINGS 1 STEEL CASTINGS 3 Production Production YEAR AND MONTH Total Short tons ShipRatio ments to capacity Per cent New orders Total Ratio to capacity Railroad Per cent Short tons TRACK WORK * New orders Miscellaneous Total Ratio to capacity Railroad Per cent Short tons Miscellaneous Production Short tons 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 57, 341 43, 768 64,447 101, 379 88, 842 110, 182 44, 477 67 51 72 107 88 105 41 27,600 21, 142 29, 966 54,645 34, 529 48, 124 13, 692 29, 741 22, 626 34, 481 46, 734 54, 313 62, 058 30, 785 1920 monthly average 1921 monthly average _ 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1926 monthly average 79, 263 29, 891 77, 732 89, 765 79,404 76, 954 82, 521 68 25 67 74 62 59 62 33,080 12, 210 38, 890 40, 318 40, 394 32, 102 31, 873 46, 183 17, 681 38, 842 49, 447 39,000 44, 852 50, 647 17, 639 12, 781 14, 283 14, 882 2 59, 052 49, 201 57,829 57, 074 258.2 46.0 54.7 55.4 2 57, 241 47, 951 54, 747 53, 405 2 41, 204 45, 795 51, 037 47, 543 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, 145 100, 014 77, 861 78, 035 78, 252 77 60 60 60 49, 976 35, 578 30, 870 32, 066 50, 038 42, 283 47, 165 46, 186 11, 096 14, 392 17, 965 16, 792 May June July August 57, 289 55, 143 53, 450 53, 221 54.3 51.6 50.1 50.0 57, 260 54, 510 51, 384 49, 486 47, 247 44, 026 52, 916 45, 142 65,009 63, 839 69, 058 67, 933 50 49 53 52 22,989 23, 389 26, 462 25, 690 42, 020 40, 450 42, 596 42, 243 17, 075 17, 416 13, 858 12, 982 September October November December 54, 943 64, 216 58, 315 61, 791 51.7 61.3 56.8 59.5 50, 621 55, 795 51, 866 55, 713 46, 530 61, 778 52, 053 51, 400 60, 547 76, 570 84, 938 101, 390 46 59 65 78 20, 992 27, 484 39, 077 50, 654 39, 555 49, 086 45, 861 50, 736 11, 373 12, 689 12, 281 13, 475 January February March April ... 72, 417 62, 574 70,474 62, 812 69.2 59.7 67.6 60.3 52, 287 59, 845 65, 989 62, 333 61, 120 54, 118 55, 027 49, 599 93, 041 91, 884 110, 542 107, 666 70 69 83 81 37, 321 41, 208 47, 604 41, 961 55, 720 50, 676 62, 938 65, 705 108, 162 94, 917 108, 018 88, 453 82 72 81 67 51, 574 41, 816 46, 655 26, 715 56, 588 53,101 61, 363 61, 738 15, 247 16, 158 19, 756 16, 660 May June July August.. 55, 803 56, 659 51, 568 53, 796 54.3 54.5 50.4 52.0 54,908 57,641 50, 998 53,586 45, 376 42, 813 52, 716 45, 802 97, 405 94, 796 86,653 80, 928 73 71 65 61 42, 425 34, 421 30,694 26, 088 54, 980 60, 375 55, 959 54,840 80, 337 69, 308 75, 872 67, 615 61 52 57 51 31, 388 16, 018 29, 266 22, 998 48, 949 53, 290 46,606 44, 617 16, 228 16, 256 13, 853 13, 004 54,630 53, 963 43, 214 46, 977 53.2 52.7 42.7 48.2 50, 885 49, 738 41, 102 41, 545 43, 874 43, 322 39, 017 37, 737 79, 021 79, 331 86, 273 81,556 60 60 65 62 22,837 25, 737 24, 421 28, 699 56, 184 53, 594 61, 852 52, 857 66,889 74, 187 70, 803 85, 685 50 56 53 65 22, 031 27, 827 28, 079 38,111 44,858 46, 360 42, 724 47, 574 13, 308 14, 016 11, 093 13, 010 90, 758 68 33,618 57, 140 1925 January February March April _ __ 1926 - September _ October November December. - _. 1927 January February March April May June * Compiled by the U. S. Department of Commerce, Bureau of the Census, representing reports from 130 identical establishments, covering most of the industry. The bookings, however, are furnished by only 122 firms. 2 Seven months' average. 3 Reported by the Steel Founders Society and principal nonmember firms to the U. S. Department of Commerce, Bureau of the Census. Reports are by 118 identical firms with a present capacity of 132,400 tons per month, of which 60,100 tons are usually devoted to railway specialties. This represents over 80 per cent of the steel castings capacity of the United States devoted to commercial castings (as distinguished from castings used in further manufacture in the same plant). Prior to 1920 figures for companies representing about 6 per cent of the miscellaneous castings are not available and the totals of this class have been prorated by that amount for these years in order to afford comparison with later years. RaMway specialties include such items as bolsters, side arms, draft arms, couplers, and cast-steel car wheels, and are reported by identical firms throughout. Monthly data on bookings from 1920 covering 107 firms appeared in the May, 1926, issue (No. 57), p. 27. 4 Compiled by the American Iron and Steel Institute and covers the production of T-rail track of 60 pounds per yard and heavier, including all special or fabricated T-rail trackwork (switches, switch stands, frogs, crossings, guard rails, and appurtenances) of carbon steel, manganese steel, and other metals for both domestic and export use. Monthly figures are available only from the beginning of 1925 and are collected only every 3 months. 43 Table 18.—IRON PRODUCTS YEAR AND MONTH Ratio Actual to normal Receipts of iron Meltings Total stocks, end of mo. OHIO FOUNDRY IRON 1 Long tons Per cent of normal meltings 1921 mo av 1922 mo av 1923 mo. av 1924 mo. av 1925 mo av 1926 mo. av » 1, 791 12, 183 20, 497 19, 014 18, 632 17, 660 320.7 51.8 73.8 67.6 77.8 81.9 93 89 85 91 91 37 58 52 66 71 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 22, 586 20, 251 18, 658 15, 403 75.0 72.0 62.5 54.2 82 87 85 87 44 51 49 42 14,721 15,407 16, 209 14, 471 54.5 64.5 62.8 63.0 83 85 98 76 41 52 60 57 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 May June July . . August 20, 311 19, 940 17, 117 15, 353 77.8 73.0 85.3 76.8 September October November December 19, 125 25, 002 15, 953 15, 678 1926 January February March April CAST-IRON BOILERS AND RADIATORS * Round Boilers Square Boilers Radiators Ship- New Stocks, ProProShip- New Stocks, Ship- New Stocks, Proend duction end duction duction ments orders mo. ments orders mo. ments orders end mo. Thousands of square feet of heating surface Thousands of pounds 16, 848 18, 126 19, 526 16, 177 17, 339 18, 935 17, 652 18, 753 20, 903 16, 641 17, 354 20,480 12, 670 12, 623 13, 486 11, 939 12,304 13, 769 72 58 64 54 17, 612 18, 054 19, 649 20, 245 11, 887 12, 183 14, 064 18,073 20, 552 19, 973 20, 163 20, 560 13, 877 13, 514 14, 431 17, 657 13, 281 12, 349 11, 527 12, 625 10, 378 8,898 9,463 11, 565 108 84 84 79 59 61 70 61 18, 919 18, 305 19, 722 19, 142 18, 811 16, 513 20, 017 22, 785 18, 488 17,253 20, 691 21, 694 17, 711 16, 884 21, 350 26, 346 11, 781 10, 152 12, 663 13, 124 14, 372 11, 404 13, 858 17, 038 84,3 92.5 75.4 78.0 88 92 83 88 78 69 68 74 18, 830 24, 310 19, 810 19, 715 23, 674 28, 889 22, 920 17, 407 21,344 27, 889 20, 854 21, 378 29,062 31, 528 24, 571 18, 832 13, 426 18, 604 15, 788 16, 512 17, 121 19, 848 16, 455 14, 825 16, 797 16, 123 21, 162 16, 908 76.0 73.9 90.3 86.0 77 91 111 100 64 69 78 72 19, 087 21, 240 23,549 24, 380 13, 087 12, 928 14, 288 17, 340 13, 278 14, 150 19, 987 19, 974 74, 324 85, 332 94, 657 102, 248 20, 802 19, 471 20, 274 22,012 13, 846 12, 736 12, 266 15, 012 14, 617 14, 341 18, 033 18, 022 89,567 93, 198 102, 007 108, 944 15, 342 15, 360 15, 740 16, 366 10,004 9,770 8,810 10, 592 10, 576 12,202 17, 778 14, 210 32, 115 38,053 45, 059 50,897 May June July August 17, 518 15, 025 18, 472 20, 846 76.2 80.3 76.8 87.6 95 88 79 84 69 74 56 71 20, 660 20, 982 17, 058 18, 174 18, 881 16, 883 20, 882 27, 393 20,056 18, 162 23,157 29, 858 104, 917 109, 243 107, 171 102, 913 20, 933 20, 655 18, 257 21,444 19, 181 16, 502 23, 991 30, 249 20,538 18, 214 27, 904 33, 187 110, 533 114, 515 111,713 105, 071 14, 113 13,834 14, 424 14, 308 14, 355 10, 824 14, 983 19, 845 16, 489 13, 486 16, 243 23,028 50,853 53,638 52, 915 46, 519 September October November.. December 15, 427 14, 365 21, 009 18, 270 85.8 81.3 86.0 82.4 101 87 82 99 85 58 82 72 22, 359 17, 676 15, 914 27,929 30, 978 26, 175 30, 820 24, 830 23, 966 101, 047 89, 849 81, 010 26, 191 22, 338 19, 229 31, 888 35,354 27, 777 37, 305 28, 170 28,255 99, 982 87, 437 77, 150 15, 551 15, 000 12, 356 18, 766 20, 173 19, 631 21,080 18, 257 20,236 44,534 39, 409 32, 375 May June July August September October November December 1927 January February.. March April. __ _• | ___ May June 1 Data on gray iron foundries in Ohio from Ohio State Foundrymen'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 class of receipts and stocks are shown on the association's reports. Monthly data from 1922 on receipts and stocks and total normal melt of reporting firms appeared in March, 1926,2 issue (No. 55), p. 24. Compiled by the National Boiler and Radiator Manufacturers' Association, from reports of 30 firms, 15 reporting on cast-iron radiators and 25 reporting on cast-iron boilers (both round and square), both estimated to represent over 90 per cent of the industry. The data for 1923 and 1924 are not available by months. 3 Ten months' average, March to December, inclusive. 44 Table 19.—HOUSEHOLD MACHINERY AND PUMPS PUMPS VACUUM CLEANERS i WATER SOFTENERS 3 WASHING MACHINES 2 WATER SYSTEMS * Domestic 5 (atiy.) Shipments YEAR AND MONTH Shipments Total New Shiporders ments Electric Pitcher, Power St'ks, Ship- St'ks, hand and end of and hydroend of ments month wind- pneumonth matic mill Number of machines 1919 monthly average ' 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average • 1926 monthly average Steam, power, 6and centrifugal Shipments 47, 128 254, 075 225, 891 239, 463 266, 358 74, 071 34, 691 48, 203 59, 036 60, 741 73, 506 85, 754 46,207 213, 232 57, 305 66, 720 73, 739 Total Dollars Number of units 7 51, 566 49,804 45, 021 58,845 692 678 696 6, 566 Shipments Unfilled orders Thousands of dollars $1, 339 2, 045 859 1,157 1,464 1,099 1,430 1,582 $1, 044 1,945 1,176 1,031 1,532 1,136 1,375 1, 552 , 522, 995 516, 966 545, 812 604, 393 1,148 1,088 1,542 1,471 946 1,067 1,319 1,354 1,463 1, 661 1,563 1,791 1,392 1,539 1,498 1,428 3,031 3,150 3,212 3,378 3,252 3,256 2,765 24,117 35, 244 46, 197 51, 005 61, 073 70, 307 New orders 72,029 7 $455, 512 2,049 481, 371 2,235 469, 503 3,071 582, 347 6,214 $4, 306 9,679 4,785 3,807 5,192 2,438 3,001 3,273 1925 January February March April 77,004 76,200 May June July August September October November December 234, 821 77, 515 76, 267 78, 539 192, 861 78,774 316, 936 75, 577 73, 746 70, 683 59, 815 60, 030 58, 327 56, 268 2,213 53, 038 61, 108 62, 925 63, 380 64, 302 65, 495 64, 040 57, 665 60, 344 59, 360 63, 995 3,136 3,413 3,151 3,289 600, 766 627, 448 597, 720 636, 353 66, 601 63, 607 62, 276 59, 894 62, 944 68, 152 46, 173 53, 068 2,909 3,666 2,984 3,033 643, 338 662, 700 516, 356 513, 311' 1,323 1,481 1,289 1,336 1,461 1,582 1,290 1,625 50, 269 56, 255 51, 118 42, 984 3,167 2,609 3,009 3,226 506, 934 493, 381 540, 814 487,763. 1,331 1,280 1,656 1,669 1,193 1,275 1,408 1,460 38, 570 60, 707 51, 874 46, 000 3,330 4,085 3,653 3,225 475, 475 648, 045 581, 726 561, 064 1,730 1,834 1,594 1,947 1, 603 1,698 1,611 1,919 3,546 3,620 3,586 3,606 38, 578 39, 912 29, 208 3,173 473, 617 463, 522 448, 140 1,468 1,484 1,462 1,533 1,703 1,540 1,674 1,541 3,332 3,256 3,029 2,992 2,417 2,422 2,627 2,975 3,530 i 1936 January February March April 68, 753 77, 161 92, 832 92? 582 54, 657 61, 509 74, 859 74, 522 89, 150 90, 758 85, 799 84, 912 72, 865 73, 258 69, 762 70, 592 93, 801 89 645 81, 394 ! 82, 263 76, 308 75, 459 69, 654 70, 340 258, 238 May June July August September October November December 2,539 2,964 3,550 270, 934 216, 148 i _ _ _ _ _ _ 320, 110 i 759 637 941 716 723 637 911 715 415 643 733 915 5, 627 4, 510 677 798 704 663 674 693 785 652 824 783 711 681 662 669 574 506 632 634 583 500 599 804 620 620 5,144 5,856 5,660 6,092 5, 915 6, 254 7,004 8,318 6,142 5,110 7,830 7,578 4,320 4,267 7,534 7,463 6,310 4,847 5,581 7,802 9,172 9,019 3,333 3, 451 2,910 2,892 3,121 3,385 1927 Februarv April May June - ! i i i i! 1 Compiled by the Vacuum Cleaner Manufacturers' Association from companies representing about 90 per cent of the industry. Annual figures represent quarterly averages. Quarterly data from 1923 appeared in the July, 1926, issue (No. 59), p. 12. 2 Compiled by the American Washing Machine Manufacturers' Association from reports of 48 members representing practically the entire industry in the United States and Canada. Data for 7 small firms have been estimated to make the compilation complete. Monthly data from 1920, showing electric, gas, and power, water-power, and hand machines, separately, are given in November, 1924, issue (No. 39), p. 97. 3 Compiled by the U. S. Department of Commerce, Bureau of the Census, horn reports of 11 manufacturers, covering domestic water systems. Values of orders and shipments arc given on press releases. 4 Compiled by the U. S. Department of Commerce, .Bureau of the Census, from reports of 21 manufacturers. Details by classes are given on press releases. 5 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 shownin other two columns.the value of cylinders shipped separately. 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. • Datafromthe 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. 64-57. The association reports give data by classes, showing single steam, double steam, power, and centrifugal. The number of firms reporting has gradually increased from 14 in 1919 to 23 in 1925 and therefore the data are not strictly comparable for the entire period. Data prorated to a comparable basis are shown at the end of the text-matter in this issue. ? Eleven months' average. 45 Table 20.—INDUSTRIAL AND FARM MACHINERY Sales Unfilled New Ship- ororders ments ders, end mo. Number Dollars Total h.p. Relative to av. shipments, 1922-1924 !• Number 3, 073 586, 583 469, 183 511, 148 518, 249 234 183 73 130 122 94 112 113 52, 732 65, 920 27, 262 60, 409 60, 871 42, 857 46, 111 45, 519 261 202 38 77 134 94 150 162 345,908 305, 581 277, 856 348, 590 325, 952 421, 918 446, 895 539, 540 539, 232 57 135 131 120 27, 871 46, 298 71, 099 47, 627 104 114 134 131 June July August 332, 175 334, 424 353, 561 580, 865 407, 340 318, 442 352, 603 388, 371 463, 431 460, 383 457, 925 598, 143 122 128 147 91 55, 588 44, 095 58, 719 29, 865 135 159 153 161 September October November December 296, 438 424, 054 480, 328 416, 610 351, 121 400, 646 414, 148 472, 144 544,042 518, 795 593, 456 550, 016 119 114 76 108 38, 155 53, 451 33, 461 47, 104 149 208 189 162 165 132 161 279 297 293 3,725 3,777 4,726 414, 121 472, 814 483, 010 434, 626 445, 377 422, 004 525, 655 402, 494 501, 793 536, 978 504, 671 506, 214 72 83 132 145 36, 913 33, 141 52, 312 70, 055 145 146 183 134 166 163 195 162 319 300 282 247 3,138 425, 638 407, 940 378, 163 391, 935 415, 082 417, 632 448, 390 384, 924 524, 382 511, 290 411, 119 422, 148 129 175 125 104 48, 482 50, 494 38, 852 112 186 173 167 150 159 146 130 400, 464 396, 354 454, 536 652, 334 377, 798 447, 189 405, 345 542, 640 522, 273 524, 612 570, 608 682, 896 127 112 85 72 44, 211 40, 780 27, 606 34, 974 194 195 175 134 157 193 184 193 1919 monthly average 1920 monthly average 6 $97, 284 e $101, 843 256, 869 275, 955 379, 464 403, 443 306, 664 311, 892 363, 566 388, 775 436, 211 442, 661 1923 monthly averacre 1924 monthly average 1925 monthly average 7 $369, 816 3,097 3,157 3,201 3,220 8153 167 AGRICULTURAL MACHINERY AND EQUIPMENT « PATENTS GRANTED * Shipments § au) Production Shipments MACHINE TOOLS 3 Domestic New orders YEAR AND MONTH Unfilled orders, end of month STOKERS 2 Agricultural implements Internalcombustion engines FOUNDRY EQUIPMENT i Relative to 1923-1925 68 65 57 49 49 52 61 53 65 73 65 49 59 58 63 51 54 45 77 71 91 91 118 93 90 117 82 95 123 101 89 110 50 60 83 62 82 109 138 140 78 112 145 144 97 95 113 122 97 101 104 106 79 69 57 50 92 90 48 56 128 138 140 131 133 145 141 127 107 108 137 147 109 108 107 110 68 63 48 48 57 59 53 43 125 102 84 102 116 101 78 86 159 110 110 166 115 116 121 126 3,564 3,506 4,639 63 55 72 46 34 54 69 55 122 148 168 140 107 143 169 142 170 175 162 131 137 133 137 133 214 255 277 308 3,625 4,495 3,334 4,254 53 68 49 39 40 42 37 78 153 179 154 150 157 190 157 135 142 125 126 199 141 140 137 129 363 350 340 278 3,115 3, 239 43 40 52 51 30 32 79 63 121 86 76 110 83 66 148 102 131 132 128 120 8290 3, 550 3,871 294 3,729 1925 304, 725 326, 887 469, 325 January February JVlarch April . 1926 January February _ _ _ _ _ _ March April __ Mi ay June July August September (October November December - ------ _ 1 __ 68,408 3,057 3,320 4,146 3,933 3,773 4,724 3,477 3,513 4,281 4,330 3,512 1927 January February March April : _ May June 1 Data reported by 11 members of the Foundry Equipment Manufacturers' Association, said to represent 65 to 70 per cent of the foundry equipment industry. The princi- when 4 establishments consolidated into 2). Monthly data from 1920 appeared in September, 1922, issue (No. 13), p. 48. Press releases show segregation as to installation under fire-tube or water-tube boilers. 3 Compiled by the National Machine Tool Builders' Association, including quantity reports from between 50 and 60 firms, said to represent about one-third of the Indus* try. This index, based on average monthly shipments for the years 1922 to 1924 as 100, covers gross new orders, shipments, and unfilled orders at the end of the month. The association reports give detailed index numbers by sizes of firms but no numerical data. Detailed shipments data, since discontinued, appeared on p. 55 of the ApriL 1924,4 issue (No. 32). Patents granted compiled from the official records on file in the U. S. Department of Commerce, U. 8. 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 19135to 1918 appeared in February, 1925, issue (No. 42), p. 64. Compiled by the Federal Reserve Bank of Chicago from reports of 113 companies on value of shipments, of which 72 report on foreign shipments, the reports being estimated to cover about 80 per cent of the industry. Production figures are computed from employment figures of 109 concerns. Monthly data from 1923 appeared in. the July, 1926, issue (No. 59), p. 25. 6 Seven months' average, June to December, inclusive. 7 Eight months' average, May to December, inclusive. 8 Three months' average. 46 Table 21.—AUTOMOBILES EXPORTS 2 PRODUCTION i Passenger cars YEAR AND MONTH Total United States Canada United States Trucks CanTotal United States ada MOTORS SALES* 11 GEMBBAIs CORP.* Canada FORiEIGK : ASComplete or chassis 'SMMComplete or chassis Sales Pas- Pro- , AccesBLIES senger porsories tion cars Pasand Pasand closed To ; T© Total senger Tr'ks parts Total senger Tr'ks motor- cars i dealers users cars cars cycles sold Thous. ofdols. Number of cars Thous, , P..et, 1 of dols. total Number of cars Number of cars 1913mo.av__ 1914 mo. av _ _ 1915 mo. av__ 1916 mo. av 1917 mo. av__ 191 8 mo. av__ 1919 mo. av__ 38, 458 45, 307 68, 218 124, 468 145,066 77, 199 138, 138 1,958 2,115 6,167 7,500 10, 680 18, 938 26,364 2,241 2,147 5,330 6,737 6,687 3,937 6,894 2,157 1,861 3,489 5,160 5,480 3,078 5,595 84 286 1,841 1,577 1,207 859 1,299 $523 462 1,389 2,001 2,635 2,801 n,006 3,547 1,912 6780 1,633 6226 279 1920 mo. av__ 1921moiav__ 1922mo.av._ 1923 mo. a v _ _ 1924 mo. av._ 1925 mo. a v _ _ 1926 mo. av._ 156, 930 127, 933 199, 819 309, 930 273,897 319, 650 327, 461 26, 837 12, 272 7,909 20, 956 10, 769 31, 524 9,814 31,509 11, 609 41, 706 13, 707 44, 584 20, 360 596 30,090 1,434 30, 052 1,457 39, 866 1,840 41, 198 3,386 14,304 3,202 6,546 12, 658 34, 843 25, 245 25,483 11, 876 2,579 5,591 10, 586 12, 589 20, 358 19, 866 2,428 623 955 2,072 2,255 4,886 5,617 7,183 3,255 3,191 4,915 5,086 7,016 7,560 1,918 893 3,164 5,827 4,721 6,182 6,194 1,506 775 2,950 4,790 3,657 4,834 4,469 412 118 214 1,037 8,851 1,064 11, 862 1,349 15, 322 1,725 14, 577 139, 340 85, 400 116, 420 177, 140 168, 540 186, 642 217, 351 1935 May Juno July August 384, 548 366, 197 366, 510 352, 261 360, 124 348, 984 223, 517 216, 087 18, 351 14,249 11, 140 7,430 45, 719 38, 151 41, 870 37,850 43,831 36, 357 40, 025 36,364 1,888 1,794 1,845 1,486 29, 871 20, 408 20, 859 33, 240 24, 562 5,309 9,081 17, 310 3,098 7,329 16, 567 4,292 5,704 26, 516 6,724 6,021 5,753 6,081 4,284 4,431 4, 633 4,811 3,021 2,995 1,120 1,270 1,263 1,446 18, 537 17, 089 16, 694 16, 136 September.— October November December 274, 227 263, 855 408, 017 394, 096 337,435 328, 694 286, 141 278, 643 10, 372 13, 921 8,741 7,498 60,482 46, 013 40,048 34,488 58,002 2,480 44, 323 1,690 37, 811 2,237 32, 757 1,731 22, 814 22, 562 28, 472 33, 520 18, 780 4,034 7,561 18,487 4,075 7,521 21, 158 7,314 6,346 24, 619 8,901 7,887 5,547 7,976 9,323 7,015 4,030 6,229 7,659 5,642 1,517 1,747 1,664 1,373 1936 January _.. _ 284, 703 272, 922 334, 524 319, 763 February 399, 105 381, 116 March 401, 836 383, 907 April 11, 781 14, 761 17, 989 17, 929 33,517 41,784 49, 386 54,135 29, 819 37, 707 45, 001 50, 562 3,698 4,077 4,385 3,573 26, 312 28, 232 27, 952 31, 189 21, 171 5,141 7,161 5,159 22, 355 5,877 8,380 8,408 22, 278 5,674 10, 617 10, 888 23, 152 8,037 9,608 4,101 3,760 5,936 8,033 2,661 191, 910 299, 161 262, 083 308, 041 313, 754 7$116,480 r 28 37 43 63 38,064 66,546 48, 945 69, 659 102, 904 37, 195 60, 940 54, 797 68, 921 101, 319 200, 560 230, 120 246, 660 203, 960 59 58 54 62 77, 223 71, 088 57, 358 76, 462 87,488 75, 864 65, 872 78, 638 11, 817 12, 713 14, 827 17, 251 236,000 66 71 73 77 89, 018 96, 364 73, 374 54,117 83,519 86, 281 60, 257 56,129 1,399 2,472 2,855 1,440 17, 234 17, 547 20, 287 19, 777 188,060 1,617 1,562 1,517 597 11, 391 15, 431 12, 299 11, 647 322, 051 May June July August- 394, 569 358, 388 329, 956 393, 056 373, 140 339, 570 317, 003 380, 274 21,429 18, 818 12, 953 12; 782 51,568 47, 265 41, 873 47, 836 48,063 44, 332 39, 618 45, 333 3,505 2,933 2, 255 2,503 28, 482 19, 934 22, 486 20, 272 22, 120 6,362 15, 354 4,580 17, 077 5,409 16, 130 4,142 7,685 6,789 8,160 6,319 5,594 4,541 4,158 3,045 3,977 .2, 979 2,641 2,448 September. __ October November December 363, 547 350, 923 300, 160 289, 565 226, 278 219, 504 143, 413 137, 361 12, 624 10, 595 6,774 6,052 51, 257 46, 973 39, 410 30, 002 46, 386 4,871 42, 898 4,075 36, 356 3,054 28, 302 1,700 27, 001 20, 395 27, 873 25, 663 20, 038 6,963 6,925 16, 348 4,047 6,018 20, 562 7,311 7,016 21, 805 3,858 6,038 6,471 7,546 8,793 5,620 4,483 1,988 8,514 5,439 2,107 12, 919 6,435 2,358 14, 242 784 13, 641 4,836 101, 780 252, 280 187, 700 142, 700 202, 940 336,497 175, 755 242, 398 160, 767 237, 256, 171, 170, 931 631 915 567 84 82 78 76 76, 332 53, 698 91, 313 64,971 113, 341 106, 051 122, 742 136, 643 79 81 84 81 120, 979 111, 380 87, 643 134, 231 81 81 138, 360 118, 224 115, 849 99, 073 78, 550 101, 729 44,130 52, 729 141,651 117, 176 101, 576 122, 305 1937 February March May J tnercel . on the basis ofsh~ip~ments and are given in detail in the July, 1923, issue (No. 23) of the SURVEY. ' Monthly data from 1922 appeared in May^ 1926, issue (NoT 57), p. 267 2 Automobile exports compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. a 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 they are represented in the value of parts exported. 4 Computed from tax collections by the U. S. Treasury Department, Bureau of Internal Revenue, to represent actual sales values and not merely the taxes on those values; the sales actually took place in the previous month. On passenger cars and motor cycles the tax rate was 5 per cent prior to Mar. 26,1926, at which time the rate was changed to 3 per cent. Sales of accessories can no longer be computed owing to the elimination of tax under the act of 1926. B Data supplied by the General Motors Corporation to show proportion of closed cars sold by a representative manufacturer and the relation between sales by the company to retail dealers and by these dealers to users. Closed car percentage is based on sales of Chevrolet, Pontiac, Oldsmobile, Oakland, Buick, and Cadillac cars, while the other figures comprise, in addition to these cars, the Chevrolet commercial cars and trucks, and cars, trucks, and tractors not now manufactured, including through April, 1925, the G. M. C. trucks, which were then transferred to another manufacturing unit. Monthly data from 1922 appeared in the July, 1926, issue (No. 59), p. 25. • Nine months' average, April to December, inclusive. f Six months' average, July to December, inclusive. 47 Table 22.—MOTOR VEHICLES NEW PASSENGER-CAR REGISTRATIONS (by price groups) 1 YEAE AND MONTH Total High- Second Third est price highest highest Lowest price Miscellaneous 245, 315 7,113 47, 295 39, 586 147, 531 3,790 164, 769 158, 817 _.249, 971 350, 533 4,024 4,053 6,931 9,144 31, 193 30, 205 50, 176 68, 004 21, 426 22, 143 36, 594 50, 069 104, 512 98, 761 149, 839 214, 691 3,614 3, 655 6,431 8,625 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 8,477 6,052 2,927 1,778 September October November December.. 193, 169 247, 002 193, 922 155, 014 7,893 8,663 6,364 5,496 50, 468 47, 814 33, 297 30, 003 46, 417 43, 918 29, 866 23, 860 87, 073 145, 508 123, 612 94, 935 1936 January February March April 192, 994 161, 975 273,260 388, 024 6,417 5,215 10, 426 15, 684 36, 971 29, 575 53, 026 78,488 32, 612 31, 377 57, 774 86, 021 396, 319, 327, 303, 504 788 713 757 16, 349 13, 216 11, 553 10, 600 76, 527 61, 366 56, 535 63, 703 258, 431 238, 328 161, 013 9,579 9,160 6,650 55, 224 49, 288 31, 632 1925 January February March. _. April May June July August September October November December __ 1937 January.February March __ April _ . AUTOMOBILE ACCESSORIES 3 FIRE EXTINGUISHING EQUIPMENT * Shipments Shipments Shipments Domestic All Tractors other Exports Number of vehicles Number of cars 1925 monthly average.. 1926 monthly average ELECTRIC TRUCKS AND TRACTORS 2 16 16 93 94 11 8 Serv- MoOrigi- Reice nal place- Actor equip- vehiequip- ment cessories ment parts ment cles Indexes relative to Jan., 1925 Hand types Number 156 139 120 124 153 131 124 156 127 124 51, 581 50, 292 100 101 138 183 100 86 95 107 100 121 159 193 100 122 162 149 106 88 110 138 54,188 45, 715 51, 482 55, 734 174 164 165 161 134 129 152 130 173 172 149 149 146 159 113 113 142 140 163 131 53,906 54, 856 55, 185 49, 997 545 5259 541 549 5280 550 1,318 1,099 783 720 557 17 12 12 »286 512 108 102 85 5 10 10 179 214 149 141 100 131 133 145 155 163 158 146 123 100 96 110 126 123 128 134 51, 343 51, 408 45,491 49,664 115, 643 94, 856 150, 921 206, 045 1,351 952 1,113 1,786 21 15 11 17 86 96 128 90 4 5 8 4 137 160 182 ,160 103 114 146 141 127 139 167 176 115 138 205 208 82 86 110 119 43, 659 51, 478 59, 245 52, 874 88, 455 70, 524 71, 371 59, 355 213, 151 173, 312 186, 842 168, 920 2,022 1,370 1,412 1,179 12 21 15 14 87 104 95 81 9 19 1 2 145 140 135 157 177 135 117 120 183 140 127 131 175 184 142 166 110 148 142 153 61, 526 53, 751 54,234 50, 659 50, 818 48, 237 33, 621 141, 811 130, 650 88, 430 969 993 680 10 18 18 18 82 97 86 95 5 17 19 5 151 125 79 95 120 116 94 109 126 109 83 64 165 145 119 112 127 148 132 129 48, 517 44, 334 42, 953 40, 270 __ May June 1 Compiled by R. L. Polk & Co., showing the number of new cars registered each month in all but three States, estimates being made for these States, which in the aggregate have only 2 per cent of the country's automobile population. The complete reports show data by makes of car and by States and counties. 2 Compiled by U. S. Department of Commerce, Bureau of the Census, representing shipments of electric industrial trucks and tractors by 9 leading manufacturers, comprising the greater part of the industry. 3 Sales of automobile accessories and parts shipped to customers by 75 members of the Motor and Accessory Manufacturers' Association, the relative numbers being based on value, with January, 1925, as 100. 4 Compiled by the U. S, Department of Commerce, Bureau of the Census, from reports of 39 companies, representing practically the entire industry. Further details by classes are given on press releases. Data compiled by the Fire Extinguisher Exchange from January, 1922, through September, 1923, appeared in the May, 1924, issue (No. 33). p. 81. 6 Quarter ending in month indicated. 48 BATHS YEAR AND MONTH Ship- Stocks, New ments end mo. orders Unfilled orders, end mo. LAVATORIES SINKS Ship- Stocks, New ments end mo. orders Ship- Stocks, New ments end mo. orders MISCELLANEOUS Ship- Stocks, ments end mo. New orders TOTAL SMALL WAKE 2 Unfilled orders, end mo. Number of pieces 47, 754 49, 527 55, 769 65, 230 44, 888 32, 697 45, 768 132, 369 139, 751 3 40, 816 137, 628 253, 957 168, 542 104, 126 71, 230 51, 438 58, 169 91, 512 110, 479 110, 283 127, 356 113, 773 90,195 78, 578 78, 297 110, 347 131, 904 79,444 64, 876 89, 402 105, 056 121, 490 122, 999 123, 269 121, 092 100, 926 110, 330 110, 690 112, 457 118, 448 134, 218 129, 629 119, 104 101, 925 95, 562 90, 441 September _ October NovemberDecember. _ 122, 564 127, 355 86, 615 93, 242 1926 January February-March April May June July August 1913 mo. av. 1914 mo. av. 1915 mo. av. 1916 mo. av. 1917 mo. av. 1918 mo. av. 1919 mo. av, 39, 831 42, 450 46, 977 51, 181 33, 172 19,495 34, 608 60, 530 42, 175 21, 514 69, 872 1920 mo. av. 1921 mo. av. 1922 mo. av. 1923 mo. av. 1924 mo. av. 1925 mo. av. 1926 mo. av_ 51, 441 41, 510 74, 814 90, 396 95, 629 110, 460 99, 595 20, 951 75, 324 41, 768 35, 439 71, 193 106, 995 156, 620 36, 774 40, 911 93, 033 97, 316 98, 758 115, 841 103, 581 1924 September. 104, 622 93, 878 October November. 75, 075 December. _ 73>724 68,373 88, 980 90, 012 104, 301 1925 January February March April 93, 938 93, 380 105, 905 107, 766 May June July August HOUSEHOLD WARE* Table 23—ENAMELED WARE1 P.ct. 34, 322 73, 612 53, 428 57, 789 70, 626 74, 293 48, 419 33, 097 54, 584 145, 329 125, 814 43, 302 109, 318 79, 507 56, 408 143, 788 217, 056 236, 642 53, 438 56, 315 117, 222 121, 891 106, 353 131, 741 115, 065 60,231 66, 458 95, 327 114, 146 120, 381 129, 233 113,638 103, 002 105,497 85,790 83, 861 147, 318 161, 474 171, 999 196, 324 94, 243 91, 583 83, 685 127, 240 108, 572 115, 236 114, 759 109, 136 123, 533 123,085 121, 936 123,240 184, 765 203, 625 225, 497 228, 532 122, 785 129, 806 140, 692 129, 826 110, 318 111, 797 117, 461 113,328 122, 322 130,691 148, 428 140, 391 84, 933 85, 555 110,011 123, 600 121, 827 110,396 93, 685 98, 031 107, 316 79, 437 78, 325 83, 831 90, 503 82, 909 102, 284 103, 624 130, 056 144, 501 166, 756 177, 778 103, 500 87, 002 118, 076 110, 476 116, 740 121, 933 113, 427 114, 748 164, 614 158, 897 149, 829 139, 964 September . 102, 333 98, 237 October 80, 271 November. December.. 68, 133 149, 555 158, 764 161, 391 177, 331 35, 089 88, 018 31, 555 34, 655 29, 367 40, 887 22, 201 23, 405 28, 383 77, 034 79, 869 25, 427 41, 900 66, 333 111, 764 93, 336 59, 188 154, 896 266, 823 283, 031 57, 502 64, 577 124, 179 127, 919 115, 485 133, 381 115, 666 31, 062 33, 640 45, 531 57, 913 70, 658 62, 289 50,003 47, 410 89, 394 68, 400 51, 260 111,138 171, 306 151, 371 27, 691 31, 803 60, 933 63, 290 65, 700 58, 535 52, 364 3 129,261 406, 291 913, 480 480, 920 250, 646 162, 217 110, 666 114, 710 91, 625 99, 857 197, 932 215, 939 228, 438 251, 448 94, 871 99, 688 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, 669 286, 783 206, 332 174, 127 254, 625 146, 677 124, 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, 734 265,885 232, 811 227, 018 225, 966 218, 728 129, 673 137, 887 144, 052 145, 848 130, 094 132, 243 135, 453 135, 211 286, 317 279, 287 273, 720 252, 703 138, 225 136, 027 140, 839 143, 275 75, 110 64, 232 60,837 58,747 180, 079 179, 127 176, 506 160, 085 60, 188 62, 723 65, 384 64, 019 251, 820 252, 991 251, 545 .260, 171 139, 858 140, 669 105, 523 108, 595 205, 012 201,847 222, 032 228, 838 145, 226 124, 362 117,750 115, 536 140, 046 145, 951 106, 028 115, 529 239, 654 239, 269 228, 659 260, 981 145, 236 130, 554 121, 985 121, 012 56,701 57,906 45, 910 44, 380 151, 433 142, 542 153, 960 161, 445 57, 629 54, 452 46, 778 51, 700 261, 737 192, 610 206, 451 189, 157 84 86 73 88, 38£ 89, 611 94, 167 96, 048 114, 198 104, 982 121, 801 116, 205 232, 117 246, 544 245, 384 250, 143 125, 168 102, 910 128, 349 120, 139 115, 017 97, 797 121, 883 117, 212 253, 779 275, 530 301, 070 321, 073 123, 656 97, 108 130, 496 119, 236 51, 922 46, 210 55, 607 52,076 158, 717 160, 656 168, 298 158? 229 58, 729 47, 147 60, 226 51, 180 200, 619 198, 326 205, 003 198, 203 65 72 85 86 124, 479 119,554 112, 629 113,835 90, 427 80, 050 73, 640 61,991 125, 241 134, 542 117, 973 122, 523 249, 171 248, 959 238, 556 219, 086 129, 327 130, 904 118, 963 119, 924 127, 153 129, 509 117, 263 122, 294 307, 405 294, 587 284, 432 273, 590 126, 732 126, 728 117, 705 127, 758 55, 022 56, 144 48, 162 51, 559 160, 469 157, 030 151, 854 145, 143 59, 786 58, 538 49, 432 55, 657 182, 931 172, 026 160, 665 155, 423 81 80 71 77 97, 178 92,008 84, 209 80, 023 48, 278 43, 556 38, 801 49, 804 130, 131 117, 122 86, 552 74,005 210, 291 208, 406 225, 645 265, 400 115, 797 109, 582 86, 962 92, 759 125, 044 120, 262 91, 699 78, 524 257, 240 246, 816 274, 422 306, 431 115, 973 110, 784 94, 740 97,081 55,412 52, 018 40, 247 35, 659 137, 971 135, 600 137, 926 144, 564 51, 483 49, 027 42, 243 44,914 143, 670 105, 664 96, 966 127, 104 80 86 681 1927 January February March April May June 1 Monthly production data beginning January, 1922, represent complete production, including total membership of the Enameled Sanitary Ware Manufacturers9 Association and reports to the Bureau of the Census from outside manufacturers, except that a few small firms were not able to furnish complete reports prior to January, 1924; data now include 21 manufacturers. Data prior to 1922 are totals of the association reports representing about 98 per cent of the industry, and may be found in the May, 1922, issue (No. 9), p. 81. 2 Small ware includes lavatories, sinks, and miscellaneous, 4a Average of 8 months, May to December, inclusive. Data compiled by the Enamelist Publishing Co. from trade reports on the wet-process vitreous enamel industry, covering stoves, kitchen ware, scales, refrigerator linings, etc.; reports are from about 350 furnaces, representing about 90 per cent of the industry. « Average for three months. 49 Table 24.—COPPER AND BRASS COPPER PLUMBING FIXTURES Stocks, end mo.5 Price, ingots, electrolytic (New York) s Production YEAR AND MONTH Mine' (N.and S.America) World 2 DomesExtic produc- shipports, tion, ments, refined 4 Smel- Refined" 3 blister refined Refined Blister ter" (N.andS. America) 1913 1914 1915 1916 1917 1918 1919 monthly average monthly average monthly average monthly average monthly average monthly average 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 1921 1922 1923 1924 1925 1926 monthly average monthly average monthly average monthly average monthly average monthly average monthly average 51,023 19, 667 41, 154 61, 564 66, 115 70, 176 72, 693 50,378' 69, 615 23, 938 44, 766 47, 131 65, 736 69, 478 96, 990 74, 872 108, 361 112, 692 78, 944 82, Oil .120, 038 67, 720 71,042 67,400 69, 566 76, 571 82, 839 78, 643 79, 285 April 71,026 68, 131 75, 728 73,454 May June July August _ . September October November December 1925 September October November December _ . 1936 January February - ._ - - 38, 593 35, 003 28,362 31, 906 46, 194 30,398 21, 413 77,300 Wholesale New priced orders 6 pieces New orders, tubular 7 Dollars Number perlb. Short tons Dollars $0. 1527 » . 1360 .1703 .2720 .2718 .2481 .1869 297, 928 BRASS FAUCETS 1 Shipments Number of pieces $67. 58 79, 554 113, 016 121, 624 128, 406 133, 365 52, 179 25, 605 45, 829 61, 293 62, 782 69, 264 75, 181 25,888 270, 151 26, 178 337, 989 206, 377 30,326 188,211 177, 928 33, 859 120, 427 244, 509 45, 692 » 128, 918 "241,659 44, 196 i« 82, 726 i« 248, 213 39, 231 73,390 266, 638 108, 426 121, 639 113, 474 119, 535 125, 206 138, 234 133, 007 131, 809 75, 670 76, 468 82, 779 71,358 34, 516 30, 872 30, 547 36, 069 69,007 72, 855 67, 838 73, 082 247, 398 247, 061 249, 064 248, 875 .1438 .1430 .1435 .1387 197, 703 323, 247 393, 556 379, 462 192, 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 78, 576 75, 630 80, 719 85, 951 113,974 110, 538 121, 798 116, 302 129, 518 126, 455 134, 727 136, 938 67, 829 70,406 88, 573 75,030 33, 648 30,506 39, 244 44, 926 81,686 86, 354 75, 206 72, 644 251, 096 251, 947 261, 916 264, 721 .1382 .1400 .1386 .1371 376, 875 239, 507 230, 262 192, 666 310, 120 234, 164 217, 435 187, 261 109. 79 109. 72 109. 87 109. 19 551,408 344, 264 257, 336 257, 082 455, 876 351, 174 298, 742 302, 841 73, 542 71, 317 72, 228 72, 014 85, 025 77, 166 76, 479 77, 613 113, 898 116, 743 119, 020 128, 925 136, 468 124, 100 124, 483 128, 568 73, 197 78, 206 76, 352 84, 034 36, 263 42, 422 35, 300 37, 741 69, 369 66, 096 64, 940 66, 658 274, 943 275, 338 277, 888 260, 186 .1360 . 1366 .1392 .1417 184, 501 154, 250 174, 145 176, 794 211,223 173, 223 188, 203 214, 370 108. 74 173. 13 106. 78 106. 23 219, 362 188, 979 225, 831 186, 751 263, 810 199, 475 237, 808 226,872 72, 627 75, 099 74, 947 72, 205 80, 320 87, 012 92, 768 86, 876 123, 390 123, 120 126, 322 126, 424 132, 013 136, 600 148, 321 142, 191 78, 459 73, 939 74, 207 61, 942 40, 753 36,563 46, 471 46, 932 70, 137 68, 233 73, 856 85, 501 263, 935 267, 866 277, 479 272, 342 .1406 .1386 .1358 .1330 201, 998 155, 069 172, 394 152, 616 204, 256 175, 454 171, 963 161, 629 106. 22 106. 19 106. 02 105.74 261, 055 253, 6»4 216, 117 137, 634 277, 647 311,883 246, 041 142, 661 .1746 .1250 .1338 13 220, 198 i3$208,006 .1442 215, 908 207, 849 .1303 265, 748 224, 054 ,1404 242, 535 229, 695 .1380 200, 923 204, 108 126. 45 119. 84 112. 81 107.64 u 296, 090 K 280, 033 478, 768 519, 970 437, 252 381, 261 385, 891 421, 116 258, 285 276, 236 1937 January. February March April May June 1 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. 2 World production of blister copper as compiled by the American Bureau of Metal Statistics, includes the smelter output of the United States, Mexico, Canada, Chile, Peru, Japan, Australia, Europe, Belgian Congo, and Rhodesia. These countries produced about 95 per cent of the world's production in 1922 and about 96 per cent in 1923. The 3figures 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. 4 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 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, including copper "in process," compiled by the American Bureau of Metal Statistics. 0 Price of ingot copper, electrolytic, New York, based on averages of daily transactions, reported by the Engineering and Mining Journal-Press. 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. s Wholesale price, compiled by the U. S. Department of Commerce, Bureau of the Census, is an average of 12 reports o f 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. « Figures on mine production represent practically complete primary production of copper in the United States, as compiled by the American Bureau of Metal Statistics, since January, 1921. Mine production from 1913 through 1920 is given as reported annually by the U. S. Department of the Interior, Geological Survey. 1° Smelter production data are based on the production of blister copper by smelters in the United States from both domestic and imported ores, also from some scrap copper, as compiled by the American Bureau of Metal Statistics. Yearly figures for the period 1913-1920 represent production as reported by the U. S. Department of the Interior, Geological Survey. 11 Refined production represents the total output of refined copper by primary refiners in North and South America, as compiled by the American Bureau of Metal Statistics. 12 Nine months' average. 1143 Four months* average. Seven months' average. M Ten months' average, October and November missing. 16 Eight months' average, January, February, April, and May missing. 26446 °—27 4 50 LAMINATED PHENOLIC PRODUCTS 3 ELECTRICAL PORCELAIN a ELECTRIC. GOODS1 (qtly.) Shipments YEAR AND MONTH ShipStand- Special High ard tension ments New orders Thous. of dolls. ELECTRIC MOTORS 4 POWER SWITCH. EQUIP.8 1 to 200 HP. New orders Orders Billings (qtly.) vlndoor Outdoor Single-pole units Dollars ELECTRIC HOISTS 6 1922 mo. av. $133, 113 1923 ino. av_ 170, 015 1924 mo. av. 171, 346 !o$71, 607 o$217,346 ^$109,310 1925 mo. av. 181, 008 125, 446 153, 779 35, 091 $723, 692 1926 mo. av. 90, 371 151, 503 43, 497 New orders OUTLET BOXES AND COVERS? VULCANIZED FIBER 8 Shipments Wo. Value No. of hoists Dollars Dom. sales Con- Shipments Number of pieces Hol- sumpTotal low tion ware Sales Thous. of Thous. Ibs. dollars Units 311 $167, 929 $154,073 300 160, 016 165,089 "147, 498 ! 1934 September. _ 146, 474 October _ _ _ November December.. 183, 140 53,. 255 66, 751 108, 471 111, 025 141, 796 176, 541 162, 898 208, 454 96, 013 115, 119 1935 January February March April 152, 840 131, 865 137, 259 151, 241 163, 127 185, 915 165, 953 148, 215 19, 065 27, 405 58, 267 37, 758 880, 318 558, 184 490, 169 366, 761 342 303 264 264 181, 618 158, 668 137, 030 137, 065 109, 017 122, 930 179, 609 155, 969 112, 563 104, 659 123, 126 111, 002 163, 395 152, 318 156, 694 121, 555 37, 996 35, 370 37, 208 30, 154 416, 741 481, 664 527, 052 883, 158 280 268 320 288 164, 636 136, 064 159, 652 150, 642 141, 910 151, 674 166, 417 149, 677 September- 180, 761 October November December __ 183, 363 100, 898 120, 041 166,366 93, 502 140, 375 158, 064 139, 883 149, 858 31, 354 1, 096, 531 37, 427 1, 318, 083 39, 653 984, 598 29, 436 681, 050 261 350 388 408 151,913 207, 761 213, 130 216, 966 118, 166 156, 508 179, 286 217, 715 1, 628, 546 1926 January February March__ . _ 203, 883 April 93,811 93, 540 98, 818 95, 259 134, 144, 172, 169, 726 031 506 213 44, 843 42, 749 51, 265 36, 627 567, 748 $815, 977 $934, 124 878, 028 807, 281 489, 884 603, 372 1, 167, 749 1, 027, 319 $10, 776 821, 947 540, 814 866, 869 305 152, 938 321 166, 243 385 234, 032 282 134, 109 169, 02& 210, 673 191, 188 128, 140 1, 466, 302 $977 946 1, 387, 165 1, 288, 116 1,052 964 1, 609, 255 85, 503 93, 437 75, 630 86, 986 141, 483 142, 098 154, 041 145, 616 43, 974 47, 992 43, 694 51, 872 556, 260 525, 690 613, 645 765, 810 253 332 293 273 147, 447 178, 426 171, 871 165, 773 185, 607 159, 124 130, 234 150, 419 1, 452, 768 1, 422, 186 97, 335 101, 984 90, 428 71, 715 146, 974 148, 970 176, 583 141, 789 43, 052 829, 355 41/038 1, 032, 042 44, 518 834, 884 30,335 326 233 290 312 153,632 128, 137 130, 257 157, 329 173, 958 169, 245 139, 231 174, 220 May June July August May June July 183, 568 176, 339 189, 642 | \UgUSt September October November December 184, 107 INDUSTRIAL REFLECTORS e Table 25.—ELECTRICAL PRODUCTS 175, 314 740, 904, 740, 792, 232 269 424 613 793, 832 928, 272 876, 257 876, 297 937, 913 801, 036 745, 629 745, 783 837, 214 897, 262 11, 436 15, 520 $7, 905 10, 191 14, 970 $42 34 65 61 2,630 2,822 3,266 3,182 878 855 889 902 61 48 43 42 3,234 3,272 3,020 2,711 913 932 790 47 61 48 2,682 2,175 2,643 12 460, 599 113, 716 133, 813 145, 161 178, 993 157, 713 137, 486 1927 January February March April May June I 12 Data compiled by U. S. Department of Commerce, Bureau of the Census, from quarterly reports by 10 manufacturers of electrical goods. Compiled by the National Electrical Manufacturers' Association, from reports of 12 firms estimated to produce 50 to 60 per cent of all standard porcelain (8 firms) 15 to 203 per cent of special porcelain (12 firms), and 10 per cent of high-tension porcelain (3 firms). Compiled by the National Electrical Manufacturers' Association. This product is sold mostly in sheets, tubes, and cut panels and includes some material for noiseless automobile gears. * Compiled by the National Electrical Manufacturers' Association, and comprise large power direct current electric motors of from 1 to 200 horsepower, inclusive, built in general purpose motor, frames including control equipment sold with motors. The data are estimated to represent about 85 per cent of the output of these kinds of motors. «Compiled by the National Electrical Manufacturers' Association from reports of 10 firms estimated to represent about 90 per cent of the output of this product. 6 Compiled by the Electric Hoist Manufacturers' Association from the reports of nine firms. ? Compiled by the National Electrical Manufacturers' Association from reports of six firms estimated to represent 75 per cent of the output of this product. 8 Compiled by the National Electrical Manufacturers' Association. Domestic sales are exclusive of intercompany sales. Consumption represents total vulcanized fiber9 paper, both sheet and tube. Compiled by the National Electrical Manufacturers' Association from reports of five companies estimated to represent 85 per cent of the output of the product. Details by kind of reflector and wattage are given in the association's monthly reports. The reflectors shown here are only for industrial use, but most of them can be used either indoors or outdoors. 1° 11 Six months' average. 12 Nine months' average. Quarter ending in month indicated. 51 Table 26.—TIN, ZINC, AND LEAD LEADS ZINC 2 TIN* Retorts ProOre ImOre ports, Price, in oper- duction Stocks ship- stocks, ation, (total at re- ments, Joplia bars, (New end of prifineries Jopiin blocks, U.S. district district etc. York) ^ month mary) Stocks YEAR AND MONTH Deliveries World visible Dolls, per Ib. Number Long tons 1913 mo. av__ 1914 mo. av 1915 mo. av._ 1916mo.av__ 1917 mo. av 1918mo.av-. 1919 mo. av_- 3,658 3,475 4,063 4,685 4,823 4,862 2,692 12, 377 14, 907 15, 208 18, 586 18, 803 13, 894 12, 890 1,854 1,700 2,079 3,331 2,284 286 1,630 3,880 $0. 4359 3,536 5 . 3430 4,302 .3859 5,137 .4348 5,344 .6180 5, 302 3,337 .6333 1920mo.av__ 1921 rno.av-. 1922mo.av_. 1923 mo. a v- . 1924 mo. av.. 1925mo.av_. 1926mo.av__ 4,260 2,156 4,788 5,846 5,344 6,371 6,504 19, 726 19, 697 24, 683 21, 740 21, 254 19, 538 15, 386 3,322 2,351 2,482 2,667 3,251 2,890 2,164 4, 689 2,017 5,016 5,745 5,422 6,386 6,424 1935 January _ __ February March April 7,155 7,205 7,100 6,655 22, 949 23, 591 19, 623 18, 105 4,394 3,949 5,184 2,309 May June July August 4,910 6,175 6,475 6,520 20, 897 19, 797 19, 857 20, 000 SeptemberOctober November___ December--_ 6,360 6,070 5,670 6,160 1926 January February March April Price, prime west., (St. Louis) (4) Production Ore shipments Jopiin dist. Dolls, per Ib. Short tons Utah Price, Receipts Stocks, Pig» of lead U.S. desilin and verized U.S. Mexico (New 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 22, 449 20, 139 23, 530 28, 996 33, 546 29, 362 33, 622 $0. 0550 .0506 .1306 .1264 . 0873 .0789 .0699 .4828 .2858 .3183 .4180 .4968 .5679 .6362 89, 737 36, 623 57, 007 84, 634 76, 748 87,062 87, 105 39, 981 17, 968 31, 140 44, 267 44,654 49, 244 53, 211 40, 443 79, 394 36, 385 20,042 39, 226 15, 720 20, 501 46, 461 26, 192 44, 426 58, 126 60, 965 67, 767 70, 072 68, 063 58, 649 42, 003 25, 521 23, 544 .0775 .0466 .0572 .0669 .0634 .0762 .0734 26,490 33, 291 37, 791 43, 877 47, 695 49, 903 7,800 6 38, 938 5,700 21, 181 25, 986 7,805 32, 152 30, 748 7,522 43, 349 37, 449 8,336 48, 459 41, 844 10, 774 67, 586 46, 069 10, 782 65, 532 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 67, 482 62, 808 57, 427 30, 926 25, 919 26, 921 27, 595 .0774 .0748 .0732 .0699 47,091 42, 237 49, 635 46, 209 13, 429 10, 695 9,734 9,751 84, 569 73, 565 70, 172 64, 896 47, 254 45, 224 46, 081 45,005 100, 925 105, 812 104, 784 100, 963 .1017 .0943 .0891 .0801 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, 231 62, 641 56, 894 75, 125 30, 996 29, 025 23, 662 27, 682 .0695 .0699 .0721 .0758 47, 316 48, 775 46, 552 46, 223 9,607 10, 090 7,813 10, 772 79, 413 61,366 66, 139 55, 645 45, 426 45, 397 43, 108 42, 588 97, 462 96, 738 95, 731 91, 589 .0799 .0832 .0815 .0919 17, 642 15, 770 18, 199 18, 024 2,309 2,464 1,904 2,654 5,365 6,401 4,574 7,449 .5641 .6046 .6214 .6195 86, 556 89, 877 90, 085 95, 029 47, 384 50, 497 50, 629 53, 794 11, 796 7, 475 6,922 9,295 70, 083 81, 295 73, 915 66, 479 22, 810 24, 593 18, 638 17, 479 .0775 .0828 .0861 .0857 44, 334 52, 927 49, 230 51,816 10, 820 9,703 13, 693 13, 182 56, 810 75, 709 58,192 64, 554 46, 381 47, 412 48, 273 50, 682 96, 932 104, 999 106, 912 105, 629 .0951 .0951 .0974 .0931 7,340 6,250 6,835 7,105 16, 787 16, 239 14, 280 15, 516 2,104 3, 399 2,494 1,354 7,031 6, 501 6,699 5,912 .6142 .6265 .6347 .6196 96, 229 87, 651 89, 497 89, 333 56, 389 53, 237 54, 411 53, 334 14, 300 20, 341 20, 561 25, 990 76, 569 77, 093 71,811 64, 722 25, 201 21, 528 24, 107 22, 995 .0830 .0776 .0733 .0700 50, 796 47, 604 52, 331 46, 718 11, 976 12, 306 10, 212 8,435 71, 645 47, 663 58, 951 46,804 56, 902 49, 287 75, 563 47, 710 104, 663 105, 417 112, 637 117, 563 .0926 .0915 .0839 .0797 May ... ._ . June— __ July August 5,685 6,900 7,630 5,870 18, 045 15, 831 13, 777 13, 352 1,739 2,409 3,014 1,829 6,160 7,230 7,941 5,132 .6017 . 5841 .6137 , 6388 86, 279 76, 912 83, 980 84, 584 53, 703 48, 226 48, 403 51, 761 29, 934 25, 760 22, 986 18, 164 68, 718 55, 732 73, 409 67, 736 29, 757 31, 885 20, 776 19, 250 . 0682* .0711 .0741 .0738 49, 915 47, 524 47, 796 49, 017 10, 765 7,131 11, 566 10, 505 60, 051 62, 418 69, 965 59, 303 48, 112 44, 918 44, 944 47, 566 120, 817 123, 099 118, 697 111,429 .0775 .0803 .0850 .0891 September. __ October November._. December_._ 5,835 5,955 6,140 6,505 14, 379 14, 841 15, 257 16, 326 1,854 1,554 2,304 1,909 6,092 5,126 6,882 6,384 .6654 .6823 .6867 .6664 87, 028 87, 028 88, 076 88, 668 52, 144 54,979 55, 062 56, 884 15, 699 15, 909 14, 481 21, 887 69, 547 75, 7S6 70, 045 69, 699 19, 103 26, 287 22, 482 19, 158 .0741 .0730 .0720 .0702 47,240 53, 389 51, 527 54, 981 11,879 14, 965 8,641 10, 997 62, 817 76, 317 61, 460 70, 989 47, 755 113, 109 48, 881 118, 311 47, 981 120, 871 .0879 .0840 .0801 .0786 3,936 3,464 3,734 4,496 5,264 5,561 5,683 , v 102, 046 100, 706 $0. 0437 .0386 .0467 .0686 .0879 .0750 .0576 .0796 .0454 .0573 .0727 .0810 .0902 .0842 1937 January February March April May— June . 1 Deliveries and stocks of tin from New York Metal Exchange. Stocks in the United States are at port warehouses in New York at the end of the month, while deliveries are from these warehouses and indicate approximate consumption. The world visible supply at the end of the month includes stocks in the United States, in Europe, and afloat. Imports of tin in bars, blocks, etc., from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, 2 Production and stocks at refineries at end of month of total primary zinc and retorts in operation at end of month from American Zinc Institute. Ore shipments and stocks at Jopiin district mines at end of month from the Jopiin Globe. The Jopiin or Tri-State district includes parts of Kansas, Missouri, and Oklahoma, and produces about 65 per cent of zinc ore mined in the United States. Shipments are recorded as loaded at mines by buyers for shipment to smelters. 3 Production of crude lead (amount extracted from Mexican ore deducted), receipts of lead in United States ore, shipments of lead ore from Utah, and total subscribers' stocks in the United States and Mexico of ore, matte, base bullion, and refined lead, including antimonial, reported by the American Bureau of Metal Statistics. Shipments of lead ore from mines of the Jopiin district from the Jopiin Globe. Utah shipments are from the Park City, Bingham, and Tintic districts and represent totals for 4 weeks, with a fifth week added in certain months, this accounting for most of the larger fluctuations. Details by districts are given in the bureau's reports and monthly data from August, 1920, were given in the November, 1926, issue of the Survey (No. 63), p. 14. 4 Price quotations, representing averages of daily prices are from the Engineering and Mining Journal-Press; prices on tin and lead are New York quotations and zinc is from St. Louis. * Eleven months' average, August missing. 0 Five months' average, August to December, inclusive. 52 Table 27.—MISCELLANEOUS METAL PRODUCTS BABBITT METAL 1 Consumption BAND INSTRUMENTS 3 ARSENIC 2 Crude Refined GALVANIZED SHEET METAL WARE * Shipments Other Pails and tubs ! YEAR AND MONTH Total apparent Direct Sale to Pro- Stocks, Pro- Stocks, by pro- con- duc- end of duc- end of tion mo. tion duc- summo. ers ers Short tons Thousands of pounds 1923 mo. av 1924 mo av 1925 mo. av_. 5,201 1926 mo. av__ 4,977 1,177 1,282 4,023 3,695 Total 1,497 697 Cup Saxo- Wood mouth- phones wind piece Stocks, Shipend of ments mo. Production Dozens of pieces Dollars ' 742 1,072 2,924 1,519 3,268 s $588, 513 587, 589 921 7,034 3,575 544, 327 $206, 113 $365, 634 219, 151 201,623 Pro- Stocks, Shipduc- end of ments tion mo. 350, 817 319, 307 $17, 100 19, 287 23, 396 1 ! 1934 May June July August 1,746 1,761 1,726 1,502 2,448 1,487 2,866 1,486 3,049 1,622 3,222 1,674 2,056 2,164 2,685 3,755 374, 656 472, 292 149, 439 168, 622 212, 948 292, 672 12, 269 12, 998 September October November December 1,323 1,129 1,280 1,240 3,448 1,385 3,475 1,224 3,730 1,467 4,151 1,141 4,708 5,181 6,245 6,676 498, 069 725, 505 639, 957 820, 598 191, 514 252, 978 216, 498 257, 628 297,366 450, 182 406, 058 534, 577 9,189 22, 345 17, 403 28, 393 4,276 4,651 4,394 3,881 1,269 1,218 1,301 1,210 6,997 7,204 7,055 6,913 488, 428 539, 866 563, 436 560, 007 166, 243 177, 758 187, 722 199, 812 308, 931 345, 443 380, 118 342, 129 13, 254 16, 665 15, 595 1935 January February JVIarch April 5,683 5,165 5,644 5,126 1,062 1,061 1,248 1,198 4,621 4,103 4,396 3,928 978 1,224 946 684 M!ay June July August 5,082 5,075 5,184 5,442 892 990 1,490 1,373 4,190 4,085 3,694 4,069 507 752 516 672 3,384 461 3,193 1,317 804 3,091 749 3,233 6,505 7,018 7,085 7,190 542, 816 493, 463 437, 378 483, 616 210, 410 199, 255 178, 036 194, 485 311, 755 277, 810 243, 883 273, 766 20, 651 16, 398 15, 459 15, 365 SeptemberOctober November...December 4,621 5,550 4,955 4,879 1,041 1,380 1,421 969 3,580 4,170 3,534 3,910 511 517 492 563 3,003 3,143 3,346 3,305 866 728 491 636 7,493 7,476 6,997 6,469 613, 234 771, 239 677, 884 879, 698 228,543 274, 429 271, 624 341, 499 364, 565 468, 530 381, 886 510, 988 20, 126 28, 280 1936 January February March April 5,153 5,140 5,861 5,229 1,444 1,272 1,008 1,412 3,708 3,868 4,853 3,817 386 357 539 418 3,433 3,540 3,534 3,7,18 258 536 746 377 5,950 5,675 5,976 5,462 464, 916 527, 727 622, 248 533, 732 157, 097 182, 183 214, 590 198, 628 289, 254 326, 791 385, 119 312, 130 18, 565 19, 361 22, 539 22, 974 148, 537 138, 159 120, 396 91, 707 115,087 ]VTay June_ July August 4,797 4,964 5,015 4,987 1,157 1,330 .1, 339 1,354 3,640 3,634 3,677 3,633 973 327 374 166 3,712 3,167 2,954 2,947 140 390 271 495 4,768 4,414 3,523 3,002 445, 256 499, 554 482, 765 419, 071 179,318 247, 624 279, 474 286, 553 228, 488 18, 314 24, 213 19, 227 18, 457 95,929 195, 867 176, 985 172, 126 108, 672 104, 435 92, 340 86, 963 September—October November—. December — 5,337 4,868 4,358 4,013 1,482 1,339 1,147 1,096 3,855 3,529 3,211 2,917 488 419 514 2,959 2,538 2,576 560 697 885 2,648 2,382 2,188 514, 799 646, 065 634, 999 740, 786 238, 822 245, 328 234, 605 223, 626 247, 940 367, 628 371, 939 489, 356 28, 037 33, 109 18,066 24,374 27, 211 87, 205 108, 631 127, 366 135, 572 143,038 114,844 28,455 125, 002 125, 837 109, 858 150, 430 124, 955 116, 036 109, 228 38, 526 51, 658 60, 177 44, 434 61, 335 62, 507 66, 989 60, 731 43, 441 48, 620 103, 455 57, 568 61,047 96,437 54,937 119, 663 134, 323 38, 779 44, 700 64, 308 57, 820 56, 208 49, 926 48, 940 41, 652 44, 911 140, 491 140, 778 88, 520 42, 219 38, 847 32, 865 56,119 48, 182 43,060 41, 295 31, 321 27, 504 1927 February Ivlarch { * Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 27 firms, comprising a large part of the industry. Consumption is calculated from sales by manufacturers and consumption by those firms (among them several important railroad systems) which consume their own production. These figures include all white-base friction bearing metals. . . , ., ,, ^ „ . <.*.• 2 Compiled by the American Bureau of Metal Statistics. Figures on crude arsenic cover this element in its primary state, while those on refined arsenic cover this commodity as derived from the crude. Stocks are those in producers' hands at the end of each month. Monthly data on refined arsenic from 1923 appeared in the August, 1925 issue (No 48) D 48 »4 Data compiled by the Band Instrument Manufacturers' Association, comprising practically the entire industry, with wood-wind instruments about 75 per cent complete Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 12 firms, including data from the Sheet Metal Ware Association. Stock figures were discontinued after August. The galvanized ware included here is the product resulting from dipping made-up shapes in molten zinc and not utensils of galvanized sheets. It is classified as follows: (a) Pails and tubs include well buckets, cement pails, sap pails, stock pails, fire pails, water pails, and wash tubs, but not pails for shipping food or candy, food-container pails, etc. (6) Other galvanized ware includes steel baskets (but not wash boilers), ash and garbage cans, stable or street-cleaning cans, coal hods (including japanned hods), feed measures, dry measures (including japanned), refrigerator pans, watering pots, oil and gasoline cans, chamber pails, and ash and. garbage-can covers. 5 Six months' average, July to December, inclusive; previous data not available. 53 Table 28.—CRUDE PETROLEUM STOCKS 2 (end of month) PRODUCTION i YEAH AND MONTH Tank farms and pipe lines Grand total Refineries California Light IMPORTS (3) Heavy * CONSUMPTION * Run to stills Price, Kans. Okla., 8 wells completed 6 barrel Number of wells at wells Per Thousands of barrels on MEXICAN FIELD r Shipments Storage, Tampico field Thousands of barrels 20,583 26, 261 27,169 30, 127 $0. 934 .798 .583 1.258 1.775 2.196 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 • 48, 470 51, 708 71, 599 87, 329 9,054 10, 442 10, 609 6,835 6,481 5,152 5,028 36, 160 36, 947 41, 726 48,437 53, 643 61, 660 64, 977 3.408 1.704 1.806 1.439 1.446 1.675 1.883 2,024 1,218 1,445 1,357 1,212 1,380 1,580 12, 814 15,093 15, 611 12, 147 11, 251 8,487 44, 600 44, 058 43, 411 41, 566 65, 481 68, 337 72, 388 78, 507 6,484 5,153 4, 155 4,045 62, 379 64,913 67, 575 67, 016 1.800 1.800 1.800 1.730 1,675 1,709 1,791 1,581 10, 254 8,913 8,440 6,545 19, 189 18, 591 17, 616 18, 488 30,660 28, 033 27, 144 29,200 43,007 44, 059 44, 561 44,451 81, 476 83, 391 84, 373 84, 983 4,027 4,367 4,891 4,241 62, 115 63,970 60,310 62, 179 1.600 1.600 1.588 1.550 1,504 1,420 1,196 1,147 6,905 6,626 6,075 5,522 18, 029 18, 205 19, 872 22, 372 260, 619 257, 541 256, 080 252, 0!>8 w 30, 781 10 30, 434 31, 650 34, 180 44, 215 44, 877 43, 996 38, 634 86, 979 86, 761 87, 682 85, 656 4,688 3,689 7,216 5,906 61, 257 56, 291 62, 493 61, 289 1.550 1.800 1.800 1.800 1,164 1,130 1,304 1,417 6,808 6,900 8,971 7, 587 23,600 24, 152 22, 008 284, 009 281, 432 278, 184 277, 4&6 248, 550 244, 690 242, 149 240, 855 35, 459 36, 742 36, 035 36, 631 37, 179 35, 405 33, 583 32, 124 88, 180 87, 389 87, 761 87, 769 4,502 5,571 5, 185 5,332 65, 341 65, 030 67, 442 6.7, 693 1.900 2.050 2.050 2.050 1, 517 1,652 1,861 1,924 8,482 7,522 277, 771 277, 014 277, 099 278, 077 240, 123 240, 365 241, 420 242, 602 37,648 36, 649 35, 565 35, 475 30, 489 30, 4G7 30, 122 30, 876 87, 475 87, 461 87, 375 87, 454 4,350 3,860 5,043 4,988 65, 992 69, 034 68, 045 69, 820 2.050 2.050 1.750 1.750 1,745 1, 957 1,738 1,566 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 1920 monthly average . . 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1926 monthly average 36, 911 39, 137 46,463 61, 034 59, 495 63, 645 63, 875 150,069 179, 888 278, 605 326, 682 386, 896 305, 273 282, 030 68, 850 67, 240 67, 763 67,580 11,364 13, 540 14, 935 1,484 1,437 1,512 1,714 2,514 3,144 4,401 133, 115 159, 237 245, 673 294, 659 347, 320 273, 878 247, 260 16, 954 20, 651 32,610 32,190 39, 575 31, 395 34, 771 » 31, 550 39, 132 43, 462 35, 997 311, 947 310, 694 308, 231 303, 291 279, 532 276, 812 273, 924 272, 576 32, 415 33, 882 34, 307 30, 715 65, 432 64, 842 61, 927 61, 547 301, 156 298, 193 296, 904 293, 852 270, 496 270, 160 269, 760 264, 652 59, 670 , 54, 564 60, G69 59, 988 291,400 287, 975 287, 710 286, 208 May June July August 62, 556 61, 742 64, 893 66, 525 September October November- - - _ December 65,300 69, 043 69, 483 72, 061 8 21, 763 21,927 19, 160 1925 May June. July August _ - - September October NovemberDecember - 1926 January Februarv March. April - - .- . . 1927 January February March | April May June 1 - 1 i Production data, compiled by U. S. Department of Commerce, Bureau of Mines, represent output transported from field of production, excluding oil consumed at locality of production or not transported therefrom, which has comprised only 1 or 2 per cent of the total production since 1919. Details by States and fields are given in monthly press2 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. 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 nolonger 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 Consumption by refiners, taken as amount of crude oil run to stills at refineries, compiled by the U. S. Department of Commerce, Bureau of Mines. 8 Wholesale price of Kansas-Oklahoma crude oil at wells is average for the month as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. 6 Number of oil wells completed during the month compiled by U. S. Department of Commerce, Bureau of Mines, from reports by the American Petroleum Institute and the Oil and Gas Journal. 7 Mexican petroleum shipments from the three ports, Tampico, Port Lobos, and Tuxpam, indicating Mexican oil production, from the Oil Trade Journal, the preliminary8 figure for the current month being taken from the Wall Street Journal. Storage of oil in the Tampico field in Mexico from the Wall Street Journal. Including fuel oil. 9 Average of seven months, June to December, inclusive. 10 Revised to include crude petroleum in transit not previously included which approximated 3,200,000 barrels January 31 and 1,900,000 barrels February 28. 54 Table 29.—GASOLINE AND KEROSENE GASOLINE Production * YEAR AND MONTH KEROSENE OIL Retail Stocks at Price, Stocks at Con- refineries, refineries, motor. distribu- Produc- sumption, 21 end of1 New tion^ end of 1 tion i month month York 3 States * ConExports2 sumpNatural tion* Raw (at gas (at refineries) plants) Dollars per gal. Thousands of barrels 1909—13 monthly average 1913 ironthly average 1914 monthly average 1915 monthly average 1916 monthly average 4,085 48 85 130 205 270 373 416 559 706 • Thous. of gallons Thousands of barrels Price, f . o. b, refineries, Pa.3 Retail distribution, 13 States 6 Dollars per gal. Thous. of gallons $0. 168 .144 .138 .230 2,888 3,426 3,622 4,646 4,603 3,859 2,067 2,870 2,766 2,757 2,461 612,411 9,648 7,157 9,035 9,584 .080 .108 .115 .149 .084 $0 062 .058 .050 060 1917 1918 1919 1920 1921 monthly average monthly average monthly average monthly average monthly average 5,656 7,084 7,853 9,688 10, 225 432 561 698 763 893 822 1,105 727 1,261 1,040 4,693 6,209 6,815 8,434 8,960 68,033 .9,196 11, 248 11,059 15, 018 .238 .242 .245 .293 .261 1922 1923 1924 1925 1926 monthly average monthly average monthly average monthly average monthly average 12,306 14, 992 17, 777 21, 633 24, 402 1,004 1,620 1,853 2,192 2,692 1,143 1,666 2,336 2,570 3,539 10, 659 13, 062 15, 417 18, 655 21, 246 18, 834 28,249 35, 319 38, 142 39, 702 .251 .207 .180 .191 .199 149, 593 185, 096 228, 751 271, 459 4,576 4,661 5,002 4,974 5,132 2,905 2,921 3,059 3,331 3,196 7,180 6,498 7,855 9,498 7,720 .085 .084 .080 .078 .104 29,107 30,268 31, 719 33, 343 2,274 2,377 2,830 2,487 14, 386 13, 210 14,890 19, 013 34, 569 38, 372 41, 512 40, 895 .170 .210 .205 .200 196, 339 192, 084 195, 723 261, 600 5,897 5,101 5,228 4,774 3,367 2,814 2,786 3,375 9,366 10,337 10,831 10, 316 .083 .084 .082 .078 30,229 30,388 29,535 36, 359 20,459 20, 724 22, 879 22, 323 40,474 39, 916 38,007 36, 236 .190 .215 .220 .202 279, 978 289, 010 299,889 303, 906 4,810 4,600 4,592 4,465 3,029 2,474 3,506 3,528 10, 747 11, 216 10,581 9,575 .075 .075 .072 .072 35, 655 31,186 30,903 38,654 1925 / January February Miarch April 20,043 19, 182 20, 631 20, 752 May June July August 21,996 22, 488 23, 073 23,191 2,162 2,207 2,345 2,659 2,497 2,773 September October November December 21, 573 22,488 21,946 22,238 2,217 2,431 2,448 2,562 2,095 2,438 2,960 3,107 20, 177 19, 826 18, 024 17,954 35, 572 35,910 37,363 38, 875 .170 .170 .170 .170 293, 519 335, 237 304, 551 305, 670 4,710 5,121 5,064 5,327 4,260 3,446 3,513 3,871 8,405 7,989 7,496 7,121 .074 .077 .080 .088 38,110 35,185 33,229 30, 687 22, 593 20, 560 23,084 23, 515 2,524 2,381 2,694 2,610 3,278 3,162 3,126 4,229 16,788 15, 112 18, 566 19, 796 41,643 44,254 46, 103 45, 874 .170 .175 .180 .190 243, 929 226, 663 252,034 289, 824 5,113 4,714 5,485 5,012 3,515 3,129 3,560 3,355 6,848 6,857 6,998 7,014 .090 .094 .099 .098 32,098 28,678 32, 435 36,046 24,509 24,238 24, 927 25, 416 2,626 2,548 2,628 2,663 4,495 3,516 3,593 3,430 23, 568 23, 073 24, 162 26,282 42, 907 40, 792 38, 315 34, 551 .202 .210 .210 .210 313, 765 325, 793 327, 076 331, 020 5,193 4,995 4,862 5,149 3,210 2,895 2,709 2,733 7,378 7,877 8,439 8,186 .125 .125 .099 .109 40, 679 29,370 30,528 35, 451 24,834 25, 762 25,885 27, 497 2,658 2,906 2,967 3,100 3,846 2,687 3,779 3,325 22, 449 23,488 20, 241 21,429 33, 341 33,706 35, 916 39, 023 .210 .210 .210 .210 314, 705 349, 660 327, 411 5,191 5,102 5,365 5,399 3,396 3,208 3,590 3,047 8,159 8,238 8,070 8,575 .116 .105 .093 .093 34, 021 31,486 27, 924 _ __ 1926 January February March April May June July_ .. August _ - September.. October November _ DpCemb^T 1927 January February March April ' M!ay June 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 Philippine Islands, to agree with data used by the Bureau of Mines. 3 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. * 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, Missouri, Nebraska, New Mexico, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, and Washington.^ Details by States for 1922 and |923,^with partial^reportsjor 1921^rnay be found on pp. 52 and 53TOf the June, Beginning with July, 5 Retail distribution _, . . . . . . , , . _ . . _ , . .. , Dakota, Oklahoma, South Carolina, and South Dakota by the American Petroleum Institute. Due to an injunction against the operation of the law in Indiana, figures for that State are not available since 1923; the totals for 1923, however, have been used for the corresponding months of 1924 and 1925, in order to permit a total for identical States. Details by States for 1922 and 1923, with partial reports for 1921, appeared in the June, 1924, issue of the SURVEY (No. 34), p. 51, and data for 1924 and 1925 in the May, 1926, issue (No. 57), p. 28. « Six months' average, July-December, inclusive. 55 YEAR AND MONTH 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 9,254 12, 923 14, 527 15, 134 1920 monthly average 1921 monthly average. __ 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average. . 1926 monthly average Stocks at reBy By fineries, By electric end of1 ves- power rail- 5 month 3 roads sels 2 plants Price, Okla., 34-36 at refineries* Thousands of barrels Dolls, per bbl. 6217 297 461 492 550 1,169 Stocks Price, Pro- Con- at re- parafduc- sump- fineries, fin, tion i tion i end of1 903, New month York Thousands of barrels $0. 902 .663 .513 .871 fi 14, 806 1,525 1.885 13, 071 1.120 18, 533 1,239 1,496 1,670 1,680 24,480 23,806 2.622 .687 .951 .929 .959 1.099 1.294 Dolls, per gal. COKBi & Production Consumption Production! ASPHALT 0) Production LUBRICATING OIL GAS AND FUEL, OILS Stocks, refineries, end of month Table 30.—OTHER PETROLEUM PRODUCTS *3 fa d ^ t'A Hi fi WAXi Production r Thous. of short tons Stocks, refineries, end of month Thous. of pounds $0. 143 151 1,152 1,133 6 2, 917 3,425 3,825 .139 .201 .215 .341 .306 60 62 51 75 678 91 97 34 45 47 50 2,078 1,741 1,942 2,177 2,292 2,588 2,702 1,229 1,004 1,294 1,438 1,510 1,715 1,893 3,267 5,552 5,492 5,659 6,230 6,879 7,481 .435 .281 .230 .215 .204 .240 .240 108 101 158 194 212 223 244 74 113 134 129 123 145 195 1,263 1,620 1,618 1,880 6,678 6,818 7,136 6,906 .235 .248 .245 .240 162 119 174 209 1,654 1,497 1,931 6,955 6,633 6,852 6,728 .240 .249 .249 .237 7833 32, 182 611 40,100 108,402 17 37 42, 095 38, 936 172, 976 241, 895 48 51 59 56 64 83 83 23 62 58 24 60 191 254 45, 100 36, 240 181, 567 240, 072 223, 741 122 123 134 137 76 76 79 81 111 125 134 145 54, 310 47, 812 53, 642 48, 867 265 266 273 286 152 142 161 151 88 87 89 88 166 192 214 223 43, 348 46, 032 47, 456 2,192 2,256 2,641 3,137 3,611 3,569 3,888 1,094 1,001 1,099 1,224 1,393 854 2,831 3,107 3,928 4,165 4,117 29,453 3,508 3,248 3,371 3,735 1,376 994 834 699 4,410 3,780 3,996 3,758 18, 425 18, 949 19, 089 20, 493 1.331 1.325 1.140 1.631 2,467 2,401 2,831 2,559 30, 441 32, 519 34, 495 33, 502 3,995 3,720 3,740 3,355 675 792 853 759 3,788 3,703 3,891 4,008 22, 542 25, 763 27, 821 29, 863 .913 .935 .906 1.035 2,609 2,500 2,499 2,675 30, 579 31, 559 3,736 3,069 3,788 3,562 809 853 791 811 4,315 4,841 4,473 4,404 29, 915 28, 948 27, 266 24, 681 1.050 1.056 1.215 1. 250 2,565 2,608 2,630 2,711 1,987 1,785 1,753 1,511 6,760 6,827 6,999 7,253 .230 .230 .234 .239 265 284 218 156 143 152 162 159 84 87 82 74 250 247 248 238 46, 713 50, 182 49, 087 52, 859 108, 679 113, 649 1,026 732 715 638 4,301 3,728 4,040 3,882 23, 266 21, 445 20, 267 19, 773 1.250 1.181 1.210 1.381 2,649 2,426 2,623 2,670 1,633 1,273 2,156 28, 827 3,746 3,232 3,402 4,060 7,544 7,909 7,640 7,368 .240 .240 .240 .240 162 152 211 199 175 182 195 240 74 64 81 76 231 210 220 216 52, 630 49, 922 55, 329 54, 985 122, 773 123, 964 130, 341 136, 084 30, 321 29, 236 31, 351 31, 056 3,729 4,038 3,940 4,125 603 623 704 760 3,942 3,769 4,071 4,084 20,841 1.335 1.225 1.231 1.355 2,856 2,682 2,847 2,836 2,043 2,089 2,279 7,656 7,314 7,327 7,226 .240 .240 .240 .240 248 301 281 306 230 201 185 200 80 81 83 89 234 247 261 278 56, 050 50, 672 54,267 54,440 149, 396 155, 254 156, 704 165, 065 30, 620 32, 362 31, 686 33, 376 4,040 4,330 3,952 4,065 915 912 956 4,211 4,543 4,318 1.425 1.356 1.305 1.275 2,645 2,768 2,724 2,699 2,019 1,778 1,722 1,827 7,149 7,437 7,620 7,576 .240 .240 .240 .240 309 323 216 214 189 188 167 193 95 88 91 93 288 287 286 291 49, 228 56, Oil 54, 678 55, 950 159, 779 167, 925 177, 054 185, 331 17, 582 19, 174 21, 243 23,957 26, 706 30, 416 30, 405 16, 378 27, 736 31, 625 32, 610 37, 675 38,500 38, 887 43, 041 49, 215 53, 680 178,060 109, 465 106, 409 152, 473 1925 January February March April _. _. 28,000 25, 355 28, 825 May June July August . _ September October ... November December _ 29,306 . ._ 30, 957 2,082 50,269 89,006 89, 326 95, 077 103, 310 109, 822 110, 384 112,942 117, 086 111,231 116, 391 1936 January February March April. 29,319 27, 067 __ _ _ May » June July August . __ September October November December... • January February March April 29,642 22, 554 25, 696 26,500 27,200 26, 376 26, 859 24, 898 2,032 1,864 1937 May June 1 „ , --„ 0 Figures on asphalt, coke, and wax relate only to the by-products of petroleum. 2 Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering loading of vessels for foreign trade at principal clearing ports. Monthly data covering the period 1913-1923 appeared in the October, 1923, issue (No. 26), p. 61. 3 From U. S. Department of the Interior, U. S. Geological Survey, representing consumption by all plants producing electric power, but mainly central stations; consumption in central stations alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants, and reclamation projects in March, 1925, issue (No.4 43), p. 28. Prices from U. S. Department of Labor, Bureau of Labor Statistics. Lubricating oil is of 903 specific gravity. 5 Compiled by the Interstate Commerce Commission from reports of 174 steam railroads of Class I, not including switching and terminal companies, and excluding fuel used6 in switching locomotives. Monthly data fro.m 1921 appeared in January, 1926, issue (No. 53), p. 23. Six-months' average, July to December, inclusive. 7 Five-months' average, August to December, inclusive. 56 Table 31.—CRUDE AND SCRAP RUBBER RECLAIMED RUBBER (quarterly) * CRUDE RUBBER Consumption * (quarterly) ImWorld ship- ports 3 ments, (includplanta- ing For tion i latex) Total tires YEAB AND MONTH Stocks, end of quarter l Total Manu- Dealfacers turers Stocks in United King-dom,4 Afloat end of month SCRAP RUBBER (quarterly) 1 ^T?«o «• fl M Stocks, fert-S planta- |fl|g tion, afloat,! o> rt u. end of month Ill Con- Production ers Dolls, per Ib. Long tons Stocks, Stocks sumption end of at requar- claim- by reclaimter ers Long tons 24,663 31,800 34, 398 35, 101 43,006 15, 449 25, 090 25, 757 27,450 33, 103 34, 433 38, 572 63, 546 68, 739 75, 445 88,468 31, 280 51, 801 55,238 62, 916 74,247 83,994 85, 935 85, 450 59, 458 45, 960 65, 982 66,885 46, 829 37, 467 19, 953 18, 565 12, 629 8,493 29,671 39,523 33, 589 40, 026 48,811 76, 529 78,296 65, 345 52, 581 11,275 31, 038 $0. 182 42,284 .183 46, 973 .249 49, 654 .211 58,726 .568 382 17, 078 26,894 17, 384 19,018 30,906 8,217 8,662 37, 496 61, 963 23,018 34,422 22,002 26,415 39, 770 38, 960 34,290 36, 599 39, 823 26, 801 38, 997 33, 691 26, 407 75,432 64, 525 49,645 37, 725 11, 920 50, 760 37, 136 22,498 54, 831 44, 659 10, 172 44, 159 .227 .262 .286 .315 7,620 69, 894 53,700 50, 600 54,300 57, 670 16,678 83, 391 48, 058 40, 936 36, 666 32, 425 25,263 8,838 41,273 31, 344 January February March April 33,021 35, 539 43, 977 38, 326 32, 898 24, 700 33, 072 32, 506 29, 982 25, 729 19, 977 14, 270 54, 030 48, 300 49, 590 53, 500 .318 .307 .346 .340 25, 353 9,238 40,045 32, 630 May June July August 42, 522 43, 838 43,041 42, 990 36, 932 32, 154 32, 455 33, 413 6,660 5,824 4,740 5,107 57, 270 58, 940 56, 800 62,400 .420 .619 .825 .663 27,523 8,820 46, 152 35, 414 September... October November December 44, 496 46, 830 50, 327 51, 169 26, 367 34, 651 37, 755 40, 329 6,206 5,855 4,620 6,328 63, 220 63, 570 67, 100 69, 990 .590 .773 .853 .764 31,909 7,762 74, 809 40, 780 38,840 8,827 86, 846 50, 256 49, 306 48, 057 55, 271 39, 946 42,404 32, 865 42, 152 34, 544 11, 111 10, 979 14, 452 20, 403 68, 500 69, 200 73, 600 64, 330 .605 .526 .448 .395 44, 092 13, 377 85, 593 52,437 50, 534 47,800 47, 310 53, 079 29, 759 24, 901 35, 821 27, 399 21, 865 25,399 29, 289 31, 756 63, 500 71,600 69, 700 72, 100 .383 .344 .335 .337 38, 841 14, 581 69, 914 53, 382 55, 363 58, 401 51, 925 37, 112 29, 334 39, 155 37, 754 36, 880 43,996 67, 400 71, 340 73, 100 .340 .333 .286 .256 40, 020 13, 758 66, 908 52, 068 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1926 monthly average 1924 September October November December __ _. 1935 9,474 46, 254 87, 642 71, 343 54, 502 45, 028 95, 771 82,007 47, 770 37, 358 10,412 48, 708 91, 534 78, 552 33, 131 28, 185 4,946 50, 480 78,926 65,084 48, 436 39, 298 9,138 49, 800 1936 January February March April IVXa/y June_ July August - September October No vemb er 9,890 43,204 86, 757 73, 081 58, 191 48, 301 80, 140 68, 542 59, 254 50, 610 8,644 40, 713 86, 290 66, 908 58, 883 45, 121 13, 762 39, 815 1927 • January March April _ May June . 1 Data compiled by the Rubber Association of America, Inc., from reports of about 285 members and nonmembers representing the principal manufacturers, importers, and reclaimers in this field. It should be noted that these consumption and production data represent quarterly, not monthly, totals, while stock figures are shown as of the end of the quarterly period indicated, and annual averages in these columns are of quarterly, not monthly, data. 2 World shipments and floating stocks of plantation rubber from the World'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. 8 Imports of rubber, including latex, into the United States from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. * 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. « 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. 57 Table 32.—RUBBER PRODUCTS AUTOMOBILE TIRES Pneumatic tires YEAR AND MONTH Inner tubes Raw material consumed Solid tires ShipShipShipm'ts, ments, Pro- St'ks, Pro- Stocks, ments, Pro- Stocks, end end end Crude ducdo- duc- of do- Fabrics rubber ducdoof of mestion month mes- tion mo. mes- tion month tic tic tic Thousands of pounds Thousands BUBBERPROOFED FABRICS RUBBER HEELS Production Shipments ClothAuto ing Total fabrics fabrics Production Thousands of pairs Thousands of yards 1921 mo. av_. 1922 mo. av__ 1923 mo. av_ _ 1924 mo. av__ 1925 mo. av_ _ 1926 mo. av. . 1,818 2,558 2,829 3,227 3,803 3,842 4,213 4,867 5,621 5,395 5,904 8,144 1,906 2,435 2,749 3,047 3,603 3,600 2, 259 3,178 3,757 4,419 5,163 4,789 4,568 6,039 7,306 7,459 8,297 13, 097 2,292 3,055 3,630 4,173 4,963 4,411 35 66 57 47 52 40 231 193 246 161 130 153 44 57 56 44 51 36 6,696 9,257 9,861 11, 868 14, 025 13, 820 17, 922 27, 301 30, 604 37, 821 46, 033 43, 170 1,528 2,026 2,649 2,085 1,999 2,444 456 799 1,316 927 657 697 756 696 640 526 765 1,230 1934 May ._ June July August 3,039 2,630 2,552 3,235 6,331 6,156 5,138 4,477 2,679 2,663 3,484 3,688 3,744 3,493 3,857 5,016 8,762 8,166 6, 634 5,758 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 1,428 1,400 1,325 1,668 597 562 509 656 September October November December 3,531 3,877 3,190 3,438 4,524 5,338 5,207 5,571 3,319 3,046 3,273 3,008 5,506 5,896 4,602 4,704 6,039 7,352 7,668 8,289 5,119 4,177 4,679 4,066 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, 956 2,297 2,830 2,151 1,615 1925 January February March April 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, 171 41, 721 46, 366 48, 155 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 15, 758 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 1936 January February March . _ April 3,541 3,649 4,092 4,009 7,460 8,373 9,003 9, 346 2,142 2,500 3,335 3,642 5,107 5,119 5,272 4,916 10, 770 12, 818 14, 348 15, 505 2,728 2,750 3,672 3,727 52 53 50 41 135 163 180 177 May June July August. ._ 3,768 4,066 3,712 4,404 9,257 8,976 7,944 7,299 3,829 4,208 4,682 4,973 4,612 4,628 4,297 5,568 15, 855 15, 182 12,949 11,696 4,654 5,097 6,381 7,114 36 33 30 ?8 September. _. October November- _ _ December 4,279 3,827 3,243 3,512 6,988 7,438 7,798 7,842 4,452 3,318 2,708 3,413 5,693 4,656 3,639 3,958 11, 484 11, 947 12, 453 12, 150 5,755 4,046 2,984 4,027 36 37 36 38 Stocks, To end of shoe To month manu- repair fac- trade turers 15, 243 15, 523 17, 248 9,889 10, 412 10, 765 4,172 4,751 5,727 33, 962 33, 110 40, 569 303 337 339 543 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, 245 884 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 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 47, 639 53, 367 53, 197 52, 171 1,560 1,595 1,587 2,326 518 566 595 646 452 529 693 1,206 14, 518 14, 002 13, 472 15, 469 8,006 10, 229 10, 166 11, 046 5,264 6,045 8,509 7,209 47, 076 46, 774 37, 740 34, 927 14, 025 12, 446 11, 349 12, 261 46, 745 42, 211 38, 876 39, 771 2,587 3,353 2,191 1,796 669 1, 303 571 600 1,452 1,506 959 726 19, 471 21, 853 17,233 20, 855 12, 251 12, 338 10, 282 15, 030 5,764 7,137 5,987 6,519 35, 512 38, 675 37, 611 37, 425 26 23 29 40 13, 198 13, 251 14, 198 13, 930 44,528 43, 161 45, 497 43, 802 1,395 1,459 2,102 1,579 426 351 449 400 596 719 983 656 16, 574 16, 709 17, 635 15, 097 10, 510 8,745 9,111 6,157 4,448 2,781 3,884 3,282 39, 133 44, 074 52, 179 56, 681 173 172 152 147 37 38 40 45 13, 279 14, 021 14, 050 16, 140 40, 953 42, 914 42, 189 49, 841 1,730 2,445 2,458 2,940 659 1,099 999 913 646 778 954 1, 533 11, 367 12, 769 11, 109 14, 490 6,818 7,541 8,651 9,607 4,002 5,902 6,370 7,911 58, 326 56, 701 51, 699 49, 593 137 129 128 138 44 44 33 29 15, 910 13, 973 12, 422 11, 593 48, 168 43, 137 36, 737 37, 117 3,964 3,538 2,910 1,813 804 2,652 962 2,987 772 1,440 814 533 16, 349 18, 513 16, 759 9,785 9,777 9,091 9,429 9,556 6,377 45, 483 44, 105 42, 199 1927 January February March-. _ _ April May 1 Compiled by the Rubber Association of America. Figures on tires represent about 75 per cent of the industry. The number of firms reporting on tires has increased from 36 in November, 1920, to a maximum of 66 in 1922, the number standing, at present, at about 45. It is stated by the Rubber Association that this variation in the number of firms does not change the totals to any great degree, except for the omission of the Firestone Tire Co. beginning in September, 1921. Association reports show details by sizes and classes. Figures on auto fabrics represent about 60 per cent and other classes of fabrics about 85 per cent of the total output of the respective products, while figures on rubber heels represent approximately 70 per cent of the entire industry. 58 Table 33.—HIDES AND SKINS IMPORTS i Total hides and skins YEAR AND MONTH Calfskins Cattle hides WHOLESALE PRICES 3 STOCKS, END OF MONTH 2 Goatskins Sheepskins Total hides and skins Calf and kip skins Cattle hides Sheep and lamb skins Thousands of pounds Green, Calfsalted, packers' skins, heavy country native No. 1 steers (Chi(Chicago) cago) Dolls, per pound 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, 858 60, 526 52, 589 30, 158 4 6, 815 6,372 5,576 4,076 5,221 2,465 632 4 19, 160 18, 629 25, 671 34, 053 33, 683 30, 890 18, 421 8,199 7,473 6,321 6,607 8,686 7,409 5,197 5,289 5, 684 5, 495 6,257 8,461 6,999 4,372 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average - 1925 monthly average- -. _. 1926 monthly average 62, 070 42, 499 29, 003 45, 938 44, 315 29, 723 30, 173 30, 704 5,380 2,928 3,995 4,630 4,058 3,426 2,396 3,764 33, 940 22, 922 15, 015 27, 035 24, 315 15, 468 13, 889 12, 480 11, 138 6,684 5, 260 6, 745 7,152 4,353 6,807 7,293 7,086 6,896 3,822 5,136 6,353 4,843 5,127 4,942 « 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 6 63, 139 58, 414 52, 281 46, 485 29, 878 33, 218 8 32, 916 32, 935 27, 452 22, 319 15, 601 16, 870 .393 .312 .139 .181 .166 .147 .160 .141 .685 .388 .149 .160 .157 , .184 .202 .174 1925 January February March April _ _._ _ 34, 302 30,727 36, 135 41, 160 2,216 2,409 2,952 2,536 18, 636 15, 301 14, 216 20, 812 7,411 7,154 8,335 7,181 4,524 3,439 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 26, 002 36, 338 28, 780 28, 624 2,236 3,411 2,624 3,921 9,989 16, 967 12,712 9,165 6,171 7,408 6,358 .7,040 5,556 6,568 4,755 6,442 264, 158 256, 800 259, 078 254, 801 215,471 202, 145 202, 014 197, 111 30, 625 35, 776 36, 749 37, 814 18, 032 18, 879 20, 315 19, 876 .143 .147 .166 .176 .183 .200 .218 .213 27, 055 20, 338 27, 716 24, 899 1,977 1,773 1,262 1,433 12, 872 8,957 16, 020 11, 023 6,095 5,248 6,181 7,104 4,002 3,268 2,885 3,260 251, 459 259, 369 273, 686 282, 653 192, 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 30, 937 31, 747 34, 170 33, 608 2,544 2,823 3,293 3,702 12, 969 16, 125 13, 901 14, 591 7,465 6,493 9,144 8,022 5,839 3,758 4,554 5,148 296, 046 297, 193 276, 324 280, 782 245, 820 248, 673 230, 332 231, 719 34, 046 32, 547 31, 872 33, 121 16, 180 15, 973 14, 120 15, 942 .150 .130 .122 .114 .193 .183 .170 .165 31, 497 35, 623 33, 299 32, 359 2,883 4, 775 5,023 5,079 13,629 13, 057 11, 047 12, 345 8,742 8,597 8,455 6,917 3,867 6,383 6,677 6,472 281, 354 293, 615 288, 754 282, 933 232, 645 237, 937 228, 320 219, 193 33, 603 37,959 41, 767 43, 483 15, 106 17, 719 18, 667 20, 257 .129 .133 .142 .149 .168 .167 .172 .178 29, 797 29, 125 22, 929 23, 352 3,822 4,642 3,447 3,133 11, 537 12, 572 8,903 9,083 6,713 6, 028 5,324 5,617 5,634 3,980 3,475 3,522 284, 326 282, 936 281, 620 222, 234 222, 556 221, 880 41, 561 40, 735 40, 747 20, 531 19, 645 18, 993 .152 .161 .153 .151 .178 .178 .168 .167 May June July August __ _ September October November December _. __ __ $0. 184 .196 .242 .262 .327 .301 $0. 189 .210 .215 .338 . 406 .371 1936 January February March April May _ _ June July August _ _ _ September October November December 1937 January February March April _ ^ May June 1 3 Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Compiled by the U. S. Department of Commerce, Bureau of the Census, from returns from packers, tanners, dealers, importers, and manufacturers, and represent practically complete returns from the leather industry. As given in the detailed monthly reports, which can be obtained upon request from the Bureau of the Census, the returns for hides and skins are expressed in numbers of hides and skins. For the above summary these have been reduced to pounds on the basis of the average weights of each class. The detailed reports also show the various kinds of skins held and where located as between tanners, dealers, etc. 3 Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices. 4 Four-year monthly average, 1910-1913. 8 Four months' average, September to December, inclusive. 59 Table 34.—LEATHER Sole only 3 Backs, bends, and sides 1913 1914 1915 1916 mo mo mo. mo. 151 FinTotal process ished Exports 3 Stocks, end2 of month Exports 3 In Finprocess ished Sheep Cattle, Total calf, Patent and iamb goat Dols. per Ib. Thousands of pounds av av av av Pro» duetiona 1Q17THO R.V 1, 653, 073 1, 876, 285 1920 mo. av 1921 mo. av 1922ino. av 1923 mo. av 1924 mo. av 1925 mo. av 1926 mo. av 1, 535, 290 6 23, 742 6114,810 H61,573 1, 499, 225 25, 657 111, 217 193, 528 24, 557 100, 679 186, 434 1, 477, 886 1, 561, 015 27, 411 107, 144 171, 631 1, 220, 402 21, 665 88, 429 149, 508 1, 239, 887 22, 431 87, 081 126, 856 1, 134, 000 1,758 1,198 1,300 1,459 1,877 1, 616 1,127 .86 .55 .52 .51 .45 .48 .44 6 42, 344 57, 986 72, 963 78, 019 64, 118 63, 407 1935 May June July Aug 1, 285, 590 1, 331, 142 1, 292, 580 1, 279, 365 23, 367 24,283 23, 707 23,617 92,650 93, 098 91, 125 88,487 128, 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, 948 135, 871 144, 392 Sept Oct Nov Dec 1, 107, 321 1, 318, 342 1, 074, 133 1, 066, 006 20, 701 23, 957 19, 983 20, 155 88, 202 81, 303 78, 176 77, 184 131, 377 127, 926 122, 429 117, 802 1,637 1,859 1,137 2,134 .46 .46 .47 .46 62, 645 68, 346 60, 289 69, 955 998, 305 1, 113, 393 1, 105, 923 20, 096 19, 568 21, 644 21,492 75, 779 115, 615 78, 106 110, 829 79, 022 106, 182 79, 585 103, 843 1,075 1,131 1,398 1,325 .46 .46 .46 .46 1, 059, 346 1, 179, 637 1, 114, 708 1, 182, 563 20, 229 22, 922 21, 440 22, 308 78, 971 102, 557 79, 337 99, 835 79, 601 95, 990 80, 313 90,660 1,102 1,486 1,320 1,152 1, 152, 356 1, 225, 524 1, 170, 058 1, 248, 836 21,978 23,681 22, 748 81, 721 82, 261 82,371 1,180 879 635 839 1936 _ _ _ _ 1, 057, 351 May June July Aug.. . Sept Oct Nov Dec _ - 85, 819 80,491 76, 397 8, 845 6,834 8,967 10, 623 6,175 3,908 17, 023 i 1918 mo. av 1919 mo. av Jan Feb jVIar Apr Dols. per sq. ft. Thousands of square feet 2,605 $0. 44 4,319 .47 .50 6,751 .64 7,540 3, 657 .83 .80 2,229 10, 222 .91 6142,136 0400,906 164, 216 423, 021 166, 770 428, 169 158, 852 387, 376 133, 758 358, 168 140, 367 305, 637 Price, chrome calf, "B9S grade (Boston) ^ YEAR AND MONTH Prices sole, oak, scoured backs (Boston) 4 Stocks, end2 of month Production 2 HARNESS LEATHER i UPPER LEATHER SOLE AND BELTING LEATHER SKIVERS* Unfilled ProStuffed orders, end of duction montii Sides $0 27 28 .29 .45 58 .60 « 203, 596 95, 244 ,97 " Dozens |!i -" s 16, 039 15, 032 624 527 666 541 683 .99 .52 .44 .44 .45 .47 .45 96, 974 56, 266 104, 976 135, 621 104, 121 103, 650 100, 349 8 24, 942 120, 898 158, 479 141, 550 152, 017 163, 027 3,457 2,909 2,609 3,092 512 329 354 469 .46 .46 .46 .46 96, 159 89, 604 99,889 94,925 123,909 149, 891 229, 537 220 366 27, 691 30, 537 30,613 30, 662 7,991 7,986 7,855 10, 966 2,333 2,350 3,128 3,335 675 565 556 495 .46 .46 .46 .46 96,548 124, 900 111,404 120, 863 215, 929 182, 652 164, 783 137, 400 33,418 33, 910 28, 336 23, 207 11, 705 11,001 12, 791 13, 663 8,422 8,205 9,761 9,918 2,744 2,355 2,520 2,978 539 441 510 767 .46 .46 .46 .46 112, 352 114, 530 105, 814 96, 569 114, 678 76, 992 109,905 76, 224 24, 268 21, 750 25, 338 22,390 306, 664 300,834 295, 074 289, 218 11, 627 11,048 10,953 9,516 8,501 7,987 8,181 7,576 2,393 2,294 2,023 1,113 733 767 749 827 .45 .45 .45 .45 99,463 100, 097 93, 896 100, 217 103, 212 236,130 240, 002 232, 545 21, 781 20,329 18, 126 19,221 69, 090 151, 905 278, 719 71, 678 147, 457 274, 918 67, 979 149, 048 277, 072 11, 348 11, 262 11, 867 12, 504 8,666 8,787 7,941 9,143 1,975 2,767 3,091 2,754 707 708 835 607 .45 .45 .45 .45 98, 098 100,085 88,777 80,801 223, 165 207,921 188, 261 160, 767 23,488 24, 738 25,577 10, 416 9, 228 11, 264 11,392 11, 607 7, 304 i 1, 752 3, 559 1,643 6,744 3,048 6,187 2,514 6,982 3,616 7,769 3,082 8,591 2, 417 317, 542 319, 124 304,082 295, 988 10, 575 10, 368 10, 385 10, 272 6,606 7,130 7,422 6,711 145, 869 147, 329 149, 608 148, 687 296, 174 291, 891 290, 815 295, 173 10, 999 10,901 11, 539 14, 796 67, 425 65, 309 73, 903 68, 675 155, 660 159, 474 156, 956 155,454 298, 189 299, 413 303, 863 306, 572 .45 .43 .41 .41 62, 807 82, 022 64, 678 67, 313 153, 500 141, 693 151, 389 155, 178 .43 .43 .43 .43 13, 274 16, 653 24, 642 38, 462 33, 693 32,666 1927 Jan Feb Mar Apr ___ May June i Prior to July, 1922, these figures were compiled by the Tanners1 Council. Since July, 1922, they have been compiled by the U. 8. Department of Commerce, Bureau of the Census, representing practically the entire industry, while skiver and harness production prior to that date covered a much smaller proportion of the industry. Hence the figures from July, 1922, on are not directly comparable with those for preceding months. Beginning December, 1919, the harness leather statistics cover amount of harness leather "stuffed," rather than that produced, but the variation between these items is small. 8 Based on figures compiled by the U. S. Department of Commerce, Bureau of the Census. The data embrace returns from packers, tanners, dealers, importers, and manufacturers. Data on leather have been converted to pounds or square feet on the basis of the average weights of each class from original detailed reports in skins, sides, backs, butts, pounds, etc., which may be obtained from the Bureau of the Census on request. Stocks in process represent leather in process of tanning, which takes several months to complete, while finished stocks are those completely tanned. 3 Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The exports under sole and belting cover sole leather only, while under upper leather, the addition of patent and sheep and lamb leather in 1920 and 1922, respectively, enables total upper exports to be presented from the latter date. The column covering cattle, calf, and goat upper leather continues figures previously presented in the SURVEY. 4 Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices. * Includes estimated production of firms outside the Tanners' Council. e Four months' average, September to December. 7 Eleven months' average, February to December, inclusive; previous data not available. * Seven months' average^ 60 Table 35.—LEATHER PRODUCTS BOOTS AND SHOES BELTING i GLOVES 2 Wholesale prices « YEAR AND MONTH Shipments Pounds 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average Thous. of dolls. Produc- Ex- 4 tion 3 ports Thous. of pairs 24, 389 WoMen's Men's dress men's black black welt kid, calf, blucher tan dress calf (Boswelt (St. ton) lace Louis) oxford Dollars per pair 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 $899 1,171 1,199 1,354 1,365 694, 899 300, 090 430, 614 449, 109 353, 832 364, 153 350, 777 • 1, 587 548 721 833 603 626 596 23, 898 26, 990 29, 260 26, 102 26,963 1,403 746 450 612 526 550 476 8.95 7.00 6.51 6.43 6.25 6.39 6.40 8.14 5.18 4.74 4.85 4.88 5.13 4.92 $4.13 4.07 345, 926 367, 583 345, 709 351, 707 602 643 588 595 25, 107 23,449 24, 758 28,486 696 559 488 458 6.40 6.40 6.40 6.40 5.15 5.15 5.15 5.15 September October November December 361, 138 363, 709 310, 542 343,443 622 626 543 599 29,769 31, 055 24, 630 24,404 401 515 557 557 6.40 6.40 6.40 6.40 1936 January February.. March___ April 370, 678 376,460 397, 207 359, 298 639 640 679 609 23,874 25, 698 29, 928 26,637 470 416 400 657 337, 042 346, 739 327, 855 396, 991 567 595 564 672 23,129 2i, 041 25, 052 29,646 371, 597 352,255 625 593 495 471 31, 673 31, 662 26, 768 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1926 monthly average Gloves cut Stocks (tanned), end of month Production Dress and street Total In process Finished Number of skins 754, 274 846, 664 739, 628 767, 423 710, 214 27, 602 Glove leather 6 ImDoported mestic leather leather Work gloves Dozen pairs ' 197, 593 7 37, 623 7 30, 847 1 129, 123 32, 067 29, 955 126, 832 188, 854 40, 828 30, 327 128, 973 200, 536 488, 258 531, 840 1, 509, 719 1, 291, 178 528, 775 363, 802 4.15 4.15 4.15 4.15 535, 431 494, 052 442, 059 456, 059 1, 286, 092 1, 269, 346 1, 205, 971 1, 167, 838 421, 251 419, 211 420, 949 382, 678 206, 354 210, 598 190,443 203, 336 43, 619 44, 970 39, 186 45, 037 30, 536 34, 578 31, 592 30, 807 5.15 5.15 5.15 5.13 4.15 4.15 4.15 4.15 482, 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, 767 203, 946 219, 133 196, 957 177, 239 43, 521 47, 853 40, 739 30, 028 23,077 137, 348 28, 457 142, 823 27, 503 128, 715 26, 221 120, 990 6.40 6.40 6.40 6.40 5.00 5.00 5.00 5.00 4.15 4.15 4.15 4.15 663, 089 610, 014 650, 640 591, 328 1,476,157 1,453,338 1,470,313 1, 496, 396 448, 748 500, 161 537, 404 549, 436 200, 308 205, 764 218, 961 222, 713 40, 380 45, 640 51, 816 54, 595 26,482 30, 370 35,963 35, 544 133, 446 129, 754 131, 182 132, 574 533 464 533 357 6.40 6.40 6.40 6.40 5.00 4.98 4.85 4.85 4.15 4.13 4.00 4.00 582, 199 550, 559 499, 912 529, 823 1, 469, 279 1, 446, 430 1, 482, 470 1, 614, 077 569, 467 555, 112 510, 898 538, 066 206, 850 213, 069 183, 562 224, 583 50,003 50, 240 49, 327 56,224 34, 862 38, 579 30, 792 34, 590 121, 985 124, 239 103, 443 133, 769 426 407 - 546 498 6.40 6.40 6.40 6.40 4.85 4.85 4.85 4.85 4.00 4.00 4.00 4.00 585, 394 604, 271 576, 006 1, 600, 976 1, 602, 217 1, 625, 071 527, 476 519, 327 526, 488 218, 191 229, 798 196, 060 56,406 56, 087 51, 605 33, 905 34,837 31,046 127, 880 138, 87-4 113, 409 1935 May June July August May _ June.. _ July August _ September... October November.. December . _ 287, 351 285, 847 132, 199 131, 050 119, 665 127, 492 1937 January February March April May June 1 Shipments of oak leather belting compiled by the Leather Belting Exchange from reports of from 32 to 39 members, estimated to represent about 60 per cent of the industry. Monthly data from 1920 appeared in the May, 1922, issue (No. 9), p. 67. Details by qualities are presented in the association's reports, while earlier reports also present data by geographical districts. 2 Reported to U. S. Department of Commerce, Bureau of the Census, by 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 C ommerce, Bureau of the Census, from over 1,000 firms each month, comprising almost; the entire industry- Figures for the years 1914, 1919,*and 1921 are those reported'by the census of manufactures for those years. Monthly data from November, 1921, appeared in May, 1924, issue (No. 33), p. 97. Further details as to classes given in press releases, and details by States are given twice a year. 4 Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include men's and boys', women's and children's boots and shoes but exclude slippers, athletic shoes, sandals, and other leather footwear. 6 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. e1 Compiled by U. S. Department of Commerce, Bureau of the Census. Stocks of glove leather are those held by tanners. Average for last 6 months of year. 61 YEAR AND • MONTH Production U.S.« Canada « Shipments i Canada e IT. S.5 U. SJ At mills U.S.* Canada 6 At publishers In transit to publishers U.SJ Imports Exports U.S.8 U.S.8 Canada e I 1 61, 527 67, 284 110, 248 142, 091 113, 858 108, 049 114, 880 62, 386 67, 922 38, 998 31,713 24, 035 23, 929 13, 352 12, 597 124, 789 154, 952 41, 155 155, 185 40, 983 18, 320 26, 290 30, 701 39, 019 46, 593 49, 689 52,311 3,608 5,066 4,597 6,395 7,822 8,062 9,189 SALES BOOKS 2 New Shiporders ments Total activity Thousands of books Rel. to 1924 i Dolls. Number of 100 editions Ibs. Short tons 3913 mo av 1914 mo. av 1915 mo av 1916 mo av 113, 251 1917 mo. av 1918 mo. av_. 105, 024 1919 ino. av_. 114, 543 Imported books Price roll, f. o. b. mill * Stocks, end of month Consumption by publishers American manufacture BOOK PUBLICATION i NEWSPRINT PAPER PRINTINGS Table 36.—NEWSPRINT PAPER AND PRINTING 12, 233 $2. 25 24, 382 2.25 20, 384 2.05 38, 601 2.70 45, 026 3.35 50, 425 3.41 55, 203 3.88 814 763 616 733 728 695 648 206 238 195 136 110 75 67 10, 046 9,850 1920 mo. av.. 1921 mo. av— 1922 mo. av_. 1923mo.av__ 1924 mo. av__ 1925mo.av_. 1926 mo. av_- 125, 997 102, 182 120, 641 123, 750 122, 548 127, 527 139, 889 72, 931 67, 339 90, 028 105, 519 112, 750 126, 851 156, 478 148, 760 147, 957 170, 738 151, 179 136, 829 148, 897 166, 780 125, 215 72, 563 102, 252 66, 930 121, 035 90,499 123, 111 104, 543 122, 505 112, 063 127, 862 127, 096 139, 933 156, 229 23, 324 29, 940 22, 837 22, 207 29, 357 26, 867 16, 660 10, 687 17, 045 10, 600 14, 948 19, 789 22, 454 13, 881 144, 712 188, 797 171, 121 175, 797 176, 855 152, 733 148, 043 52,006 28, 211 36, 657 40, 601 33, 941 32, 205 36, 194 60, 822 66,040 85, 772 109, 056 113, 065 120, 687 154, 278 3,824 1,401 2,147 1,363 1,429 1,895 1,610 59, 469 62, 969 79,960 94, 830 101, 615 116, 805 144, 332 6.00 5.00 3.69 3.89 3.83 3.70 3.50 621 581 604 626 611 667 681 81 113 116 113 144 131 137 9,592 7,665 10, 779 11, 344 10, 988 11, 991 11, 913 11, 118 8,264 10, 083 11, 488 11,200 11, 916 11, 967 1935 September. __ October Nov©mber__December..- 121, 594 124, 889 135, 662 137, 670 130, 539 132, 332 136, 681 136, 983 145, 082 167, 515 174, 907 170, 122 128, 030 142, 641 133, 636 137, 718 124, 874 139, 051 132, 127 140, 165 27, 281 20, 446 17, 418 16, 238 22, 864 21, 423 21, 563 18, 414 159, 926 144, 333 131, 236 132, 156 31, 054 33, 261 34, 635 31, 458 110, 688 145, 088 124, 681 122, 085 1,869 1,784 2,947 1,943 116, 278 124, 529 122, 486 137, 140 3.70 3.70 3.70 3.70 695 977 668 489 117 157 126 95 12, 562 13,496 11, 691 10, 303 12, 973 12, 654 12, 172 12, 275 96 107 99 107 1936 J anuary February March April 140, 026 129, 622 145, 910 145, 327 139, 688 135, 663 154, 093 151, 739 158, 419 147, 477 170, 228 172, 670 139, 012 128, 635 142, 666 144, 600 136, 498 135, 505 153, 157 154, 015 16, 338 14, 791 18, 352 19, 478 14, 602 13, 500 14, 800 12, 415 125, 872 34, 398 126, 428 127, 661 37, 771 133, 219 132, 416 34, 185 158, 400 128, 685 32, 505 168, 463 2,489 1,416 1,475 2,392 125, 999 128, 965 173, 171 112, 828 3.50 3.50 3.50 3.50 628 559 705 649 113 131 144 189 11, 789 11, 108 10, 555 11, 502 13, 284 13, 072 11, 471 11, 908 96 94 110 104 141, 032 _ 142, 166 _ 140, 516 139, 259 153, 969 158, 601 163, 037 162, 545 176, 893 161, 156 147, 584 151, 144 142, 294 141, 521 142, 690 136, 564 151, 990 161, 108 161, 824 160, 031 18, 207 18, 852 16, 524 19, 098 14, 331 11, 795 12, 963 15, 624 128, 253 115, 714 152, 295 165, 229 134, 870 162, 972 153, 865 161, 063 1,941 1,526 1,902 1,206 135, 251 141, 889 150, 778 149, 935 3.50 3.50 3.50 3.50 847 491 606 587 146 88 108 135 12, 250 12, 946 11, 638 13, 288 11, 537 12, 432 9,578 12, 625 96 97 91 94 161, 387 168, 500 164, 798 163, 717 163, 089 186, 860 183,368' 182, 469 137, 259 146, 411 141, 042 136, 501 162, 740 168, 821 167, 135 161, 922 18, 026 14, 633 13, 592 12, 030 14, 684 14, 942 12, 571 14, 345 170, 543 36, 863 139, 720 161, 917 43, 359 172, 603 180, 663 37, 399 169, 577 187, 272 41, 560 170, 159 1,413 1,403 1,256 902 143, 524 159, 509 153, 729 156, 408 3.50 3.50 3.50 3.50 805 920 737 634 135 187 174 96 12, 682 11, 719 11,091 10, 244 12, 096 12, 814 12, 386 12, 544 101 104 102 May June. July. August September... October November._. December... 136, 167 143, 148 140, 427 135, 069 1937 January February-March . April i • i i j \ i May June... i II 1 35, 770 32, 391 31, 811 36, 316 101 100 100 100 i i Compiled by the Publishers' Weekly. Books imported are books of foreign manufacture, catalogued and marketed by American publishers. Between 10 and 15 per cent of the books manufactured in America are new editions, the remainder being new books, while about 95 per cent of the books manufactured in this country are by American authors. 2 Shipments and new orders of sales books by manufacturers from the Sales Hook Manufacturers Association, reported by 11 manufacturers representing about 90 per cent of the industry east of the Rocky Mountains, the sales books included are those commonly known as duplicate and triplicate books used by retail stores in recording their sales; all sizes and styles are included. Interchangeable covers and accessories are not included. Monthly data on new orders from 1911 appeared in the July, 1926, issue3 (No. 59), p. 24. 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. 4 Newsprint prices are averages of wholesale weekly prices of roll newsprint f. o. b. mill from U. S. Department of Labor, Bureau of Labor Statistics. 8 Data on production, shipments, and mill stocks of newsprint in the United States prior to May, 1923, from the Federal Trade Commission; since then from the Newsprint Service Bureau, covering almost the entire industry. 6 Production, shipments, and mill stocks of newsprint, comprising practically the total production of Canada, furnished by the Newsprint Service Bureau; exports from Department of Trade and Commerce. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 49. 7 Consumption, publishers' stocks, and stocks in transit, compiled by the Federal Trade Commission through May, 1923, have been compiled since then by the American Newspaper Publishers' Association from reports of about 422 publishers who were included in the 600 reporting to the Federal Trade Commission and had on hand on May 31, 1923, a total of 133,312 tons of paper as against 176,347 tons held by those reporting to the Federal Trade Commission on that date. Monthly data on newsprint paper from8 1920 appeared in June, 1922, issue (No. 10), pp. 45-47. 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. 62 Table 37.—BOX BOARD AND PAPER BOXES BOX BOARD i PAPER-BOARD SHIPPING BOXES 2 Stocks of waste paper, end of month New orders Unfilled orders, Con- sumption, month waste paper end of Shipments Stocks, In end of month At mills transit shipped pur- chases Thous. of inch Perct. hours capac. 1921 mo av 1922 mo. av 1923 mo av 1924 mo av 1925 mo. av 1926 mo. av i and un- 3"o Solid fiber Production Corrugated Operation YEAR AND MONTH Operating time Per cent of normal Short tons Production Corrugated Total Solid fiber Thousands of square feet 8,016 7,921 8,419 91.7 97.0 98.5 93, 528 147, 745 169, 384 178, 733 189, 665 207,066 June July August 8,253 6,693 7,175 7,973 83.7 84.1 86.0 100.2 173, 483 151,414 164, 762 183, 570 165, 868 167, 658 186, 259 202, 919 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, 802 161, 793 38, 486 47,696 51, 809 51, 921 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 September October November December »,G37 8,422 7,546 7,489 101.0 96.6 104.7 89.8 188, 669 196, 633 170, 550 170, 674 168, 299 180, 846 174, 184 180,284 103, 056 87, 563 94, 711 107, 584 182, 521 189, 187 162, 771 163, 878 191, 203 198, 352 169,018 168, 677 46, 401 44, 682 46,214 48, 211 172, 240 175, 946 164, 065 179,442 57, 085 42, 725 44, 946 45, 949 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 January February March April 8,389 7,551 7,570 7,654 105.4 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 90,062 79, 127 193, 285 170, 023 170, 363 170, 487 195, 501 176, 101 180,418 179, 772 52, 466 53, 960 51, 835 57, 212 172, 382 172, 456 176, 035 186, 530 53, 820 43, 745 36, 147 32, 593 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 M^ay June July August 7,112 7,983 8,272 8,070 89.1 95.5 94.6 101.1 163, 956 190, 310 196, 522 196, 527 175, 246 193, 564 216,013 211, 385 83,415 92,022 111,919 119, 248 159, 095 179, 953 184, 295 188, 301 168, 353 184, 928 190, 667 204, 766 53, 327 59, 452 64,600 55, 560 174, 726 166, 467 160,099 149, 984 38, 815 39, 118 46, 311 44, 359 74 74 76 79 75 73 75 80 69 76 77 74 325,426 321, 836 340, 608 361,424 250,406 242, 992 257, 879 286, 261 74, 980 78,844 82, 709 81,163 September October November December . 8,152 8,439 7,923 7,936 102.2 100. 9 99.3 94.9 198, 749 204,492 193, 140 190,426 191, 840 207, 178 195, 142 191, 895 109, 191 101, 981 103, 304 105, 993 188, 720 190, 779 182, 176 178, 729 202, 599 213, 019 193, 847 189, 206 51, 699 46, 054 44, 541 48,468 155, 476 168, 505 166, 289 174, 155 49, 587 48, 911 46, 928 37,496 81 88 86 73 82 90 88 73 79 81 80 71 370, 315 422, 548 409, 411 345, 341 290, 698 341, 384 332, 112 275, 772 79, 617 81, 164 77, 299 69, 569 7,817 7,670 8,828 8,455 102.8 100.9 101.0 101.0 192, 436 191, 808 220, 495 207, 623 207, 658 178, 099 214, 724 200,154 118, 531 104, 578 102, 362 89, 622 182, 733 182, 298 208, 201 198, 161 192, 990 190, 901 216, 833 208, 789 47, 745 48, 468 52,041 51, 447 168, 479 162, 381 151, 176 145, 772 44,477 53, 985 42, 971 50, 803 76 81 85 81 75 81 87 82 78 81 79 77 359, 052 386, 051 410,011 379, 259 281, 753 304, 115 324, 983 299, 641 77, 299 81, 936 85, 028 79, 618 June July August 8,269 9,036 8,469 8,934 108.8 108.1 106.1 106.9 203, 937 218, 555 204, 848 222, 245 198, 154 238, 836 215, 790 207, 230 83, 293 109, 437 121, 970 109, 245 188, 691 208, 728 196, 250 216, 017 204, 617 212, 741 203, 257 220, 790 52, 060 57, 416 56,4*01 57, 303 136, 895 136,.380 142, 813 192, 635 44, 802 57,820 60,391 56, 685 79 77 77 82 79 77 78 83 78 78 75 79 382, 405 387, 650 403, 386 441, 593 298, 150 302, 622 316, 039 348, 835 84,255 85,028 87, 347 92,758 September October November December 9,098 9,423 8,250 6,774 95.8 95.4 86,8 68.6 225, 103 222, 010 210, 746 164, 982 215, 102 220, 710 182, 750 185, 922 100, 765 92, 301 69, 086 85, 518 206, 593 211, 444 194, 431 156,481 223, 581 229, 175 205, 915 169, 527 59, 915 53, 150 57, 936 52, 931 116, 329 139,111 146, 287 161, 544 70, 311 58, 576 46, 175 34, 662 81 87 80 70 83 89 82 70 76 81 72 65 441, 476, 431, 314, 354, 798 386, 104 353, 307 242, 992 86, 574 90,439 78, 071 71, 888 178, 912 190, 373 205,427 96,768 100, 798 99, 726 170, 728 179, 684 195, 836 178, 434 189, 931 206, 593 31, 667 28, 967 45, 031 48, 667 53, 265 53,901 155, 697 168, 592 149, 984 46, 394 43, 153 51, 805 50 70 79 74 78 80 45 66 79 72 78 81 65 81 79 79 75 77 226, 622 291, 036 306, 743 350, 418 401, 132 149, 323 211, 654 231, 190 274, 516 317,778 77, 299 79,382 75, 553 76, 397 83, 353 1934 May 1925 1926 January _ February March April May . __ 372 543 378 880 1927 January February March April- _ . ._ _ May June ] 1 Compiled by V. S. Department of Commerce, Bureau of the Census, from reports of 89 identical manufacturers each month, including figures from the members of the PaperboardIndustries Association, formerly included in the Box Board Association, prorated from weekly reports. These box board data included all paper board of more thanO.009inch thickness, such as strawboard, chip board, news board, etc., used for making boxes. Similar paper board designed for making specialties, and board s of less than0.009inch 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 is excluded from the tabulation above. Monthly data for 1921 and 1922 on the present basis, including relative prices of finished board and raw materials, appeared in the November, 1923, issue (No. 27), p. 89. The production of boxes is measured by the area of board passing through the box machines. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 63 Table 38.—PAPER BOOK PAPER i WRAPPING PAPER 2 |! ~ d 00* Total IJnniled orders, end mo. Production Unnlled orders, end mo. Orders Shipments Production YEAR AND MONTH Orders Uncoated Coated FINE PAPER 2 Produc- Stocks, end of tion month Production Production Stocks, end of month Per cent of normal Days Per cent of normal Days production production 1917 mo. 1918 mo. 1919 mo. 1920 mo. 1921 mo. av av av av av 1922 mo. a 1923 mo. a 1924 mo. a ___ 1925 mo. a .__ • 1926 mo. a ... 92 86 89 91 86 90 96 82 86 10 9 8 95 96 95 93 96 92 14 12 ALL OTHER 2 GRADES TOTAL PAPER2 (including newsprint and boxboard) Stocks, Produc- Stocks, Produc- Stocks, end of end of end of tion tion month month month Short tons 74, 357 70, 763 76,232 92, 039 60, 499 36, 845 29, 622 31, 643 23, 719 36, 234 60,626 59, 500 57, 851 69, 324 54,300 53, 551 37, 664 54, 702 26, 013 55, 465 24,030 30, 668 28,647 32, 444 20, 207 32,500 29, 308 36,845 29,268 37, 377 70, 658 77, 757 76, 085 98, 627 70, 426 41, 093 29, 308 37, 500 36, 594 49, 044 493, 304 238, 113 504, 294 189, 240 515, 861 238, 999 533, 278 181, 910 401, 134 239, 697 81, 827 93, 466 102, 569 107, 038 112, 182 38, 221 46, 439 48, 851 58, 870 62, 354 69, 689 85, 320 84, 639 90, 615 89, 460 61, 228 67, 370 108, 635 99, 577 68, 697 30, 088 31, 341 30, 810 37, 410 38, 390 36, 630 43, 913 50, 278 50, 650 51, 633 102, 758 90, 630 92, 752 99, 737 102, 767 47, 488 53, 279 57, 811 62, 855 74, 312 552, 748 235, 371 593, 891 278, 239 612, 051 343, 599 651, 991 352, 083 689, 753 327, 556 0 1934 September. -. October _ _ November. .. December 91 98 98 85 89 94 91 84 87 83 88 82 10 7 7 7 92 101 105 96 95 101 102 93 96 96 97 94 13 12 12 12 100, 369 111, 410 104, 725 105, 772 47, 160 48, 103 49, 546 51, 528 89, 114 90, 130 84, 314 88, 109 111, 803 104, 867 109, 586 113, 614 28, 959 33, 125 29,944 30, 568 50, 685 50, 174 51, 523 52, 143 94, 157 109, 906 95, 723 101, 263 57/194 57, 602 57, 977 57, 782 618, 021 671, 056 603, 531 617, 439 341, 682 333, 657 339, 908 347, 116 95 101 100 100 94 96 101 99 91 100 102 91 10 11 13 11 102 106 107 102 98 106 103 99 108 108 98 92 15 15 15 12 108, 945 103, 498 113, 848 111, 571 56, 166 52, 234 51, 189 52, 213 91, 511 87, 863 94, 430 90, 596 108, 374 106, 525 108, 086 109, 060 37, 636 35, 986 39,440 38,656 52, 258 51, 448 52, 869 49, 290 106, 822 97, 478 103, 537 103, 063 57, 489 55, 760 58, 102 61, 820 673, 989 616, 385 658, 157 662, 850 353, 021 345, 815 348, 495 359, 041 _ . 95 88 76 70 93 86 77 73 79 74 73 75 8 8 8 7 95 90 87 91 89 87 80 88 83 83 81 90 11 11 10 11 107, 108 103, 895 101, 817 105, 890 55, 346 58, 667 61, 600 64, 064 86, 168 88, 630 87, 586 93, 002 108, 218 111, 349 105, 514 99, 284 36,658 36,715 35, 143 36,399 49, 131 51, 803 50, 001 51, 145 101, 348 93, 318 94, 629 99, 672 66, 060 67, 632 67, 594 65, 612 624, 701 641, 715 637, 247 652, 829 364, 119 380, 712 383, 388 370, 742 September ... October _ __ November... December 72 77 80 78 77 80 82 78 67 77 75 79 7 7 6 8 90 94 94 91 87 93 93 90 88 94 89 95 12 11 11 12 103, 772 111, 036 105, 484 107, 594 64, 064 64, 705 63, 411 62, 777 89, 076 99, 916 88, 356 90, 247 93, 481 86, 495 81, 037 77, 504 35,750 41, 235 37, 045 38, 256 49, 558 49, 923 50, 259 50, 113 102, 195 107, 891 96, 041 90, 846 63, 989 61, 551 61, 126 67, 525 651, 136 700, 232 650, 605 654, 050 350, 072 329, 174 317, 792 322, 627 1926 January February March April 87 92 94 92 87 92 97 97 88 102 91 82 9 10 10 8 100 101 97 100 104 101 100 98 98 102 98 90 13 14 14 12 110,822 108, 606 122, 725 116, 589 60, 894 59, 067 56, 704 56, 137 91,811 83, 019 96, 289 89, 461 73, 751 68, 819 70, 979 69, 093 39, 435 39, 115 42, 408 40, 855 48, 663 49, 389 50, 038 49, 594 106, 334 99, 103 108, 462 101, 035 69, 080 70, 917 73, 666 75, 703 680, 864 651, 273 736, 289 700, 890 316,471 311,451 321, 780 321, 452 May June. July August 89 88 83 87 87 88 84 81 79 83 81 89 6 6 6 9 99 92 88 94 92 88 87 91 90 86 91 92 12 12 13 13 109, 594 111, 786 100, 607 108, 656 62, 312 67, 920 64, 524 67, 750 82, 905 87, 391 84, 142 92, 546 70, 147 72, 019 67, 642 66, 211 39, 271 36, 780 36, 489 36, 488 51, 040 53, 675 52, 104 53, 528 104, 575 103, 594 98, 006 97, 525 80, 834 84, 146 81, 963 77, 675 681, 314 700, 272 664, 608 696, 719 334, 600 354, 028 339, 158 341, 565 September October November _ December 90 92 89 87 89 94 88 92 85 85 79 82 9 8 7 5 96 99 98 95 100 93 88 99 93 12 13 13 110, 829 113, 046 115, 307 117,613 67, 073 62, 378 61, 130 62, 353 90, 432 95, 384 92, 125 88, 012 64, 444 67, 914 67, 446 65, 894 36, 751 37, 756 38, 113 37, 213 53, 843 51, 609 52, 959 53, 151 103, 174 109, 903 105, 511 95, 986 75, 215 68,908 67, 746 65, 894 702, 456 721, 249 702, 229 638, 875 338, 516 318, 592 320, 809 312, 253 1935 January February March April May June. July August _ 1937 January February March April May June 1 ""1 Compiled from weekly reports of the American Paper and Pulp Association from about 28 mills on coated paper and 10 mills on uncoated paper, representing a smaller properties of the industry than the monthly reports on total book paper. Unnlled orders show average number of days which orders on hand will need to complete. 2 Data to May, 1923, from the Federal Trade Commission, representing practically complete production, beginning June, 1923, data compiled from reports of the American Paper and Pulp Association and prorated to represent complete production on the following percentages calculated on the production in the last seven months of 1923, as compared with the total for that period derived from the Federal Trade Commission reports and the census of manufactures: Wrapping paper, 57 per cent; fine paper, 80^ per cent; "all other grades," comprising bag, tissue, hanging, felts and building and other paper, 65 per cent. Book paper total production and stock figures are obtained by link relatives, based on identical reports, from the previous month owing to changes in the number of reporting firms. Total paper figures are the aggregate of the fourprevious production or stock columns plus, up to May, 1923, the figures on newsprint and paper board as compiled by the Federal Trade Commission, and, after May, 1923, the figures on newsprint as compiled by the Newsprint Service Bureau, and the figures on box board as compiled by the U. S. Department of Commerce, Bureau of ihe Census,. except that from June through October, 1923, when these latter figures were not compiled, the paper board figures of the American Paper and Pulp Association nave been used,, prorated up to complete production by the percentages which they bore to the box board figures in 1924, or 60 per cent on production and 73 per cent in stocks. Stock represent paper at mills only. Digitized forfigures FRASER 64 Table 39.—WOOD PULP AND PAPER PRODUCTS WOOD PULP LABELS i Chemical Mechanical 1909-1913 monthlv av 1913 monthly av 1914 monthly av 1915 monthly av 1916 monthly av 125, 678 1917 monthly av 1918 monthly av 1919 monthly av 1920 monthly av 1921 monthly av 120, 589 108, 617 120, 817 131, 525 105, 668 1922 monthly av 1923 monthly av 1924 monthly av _• 1925 monthly av 1926 monthly av 1925 January February __ . March April 25, 855 25, 521 31, 130 38, 091 32, 861 35,100 $2.23 2.16 2.12 3.81 157, 797 158,930 160, 375 185, 536 127,467 44,799 33,671 53, 725 33, 720 53,411 33,230 32, 728 36, 147 56, 153 44,457 4.81 3.84 3.52 6.58 3.50 165, 198 185, 253 199, 140 205, 785 222, 769 166, 438 200, 642 200,793 206, 147 223, 395 52, 518 62, 472 58, 492 41, 335 42,062 86, 942 92,843 106, 399 111, 520 118, 809 2.56 2.97 2.58 2.68 2.87 22, 463 27, 560 18, 896 21, 740 221, 756 191, 142 220, 184 217, 590 224, 836 198, 720 217, 300 217, 484 47, 850 40, 198 37, 964 39, 186 142, 119 104, 262 120, 194 88,973 288, 978 294, 358 276, 347 246, 691 32, 620 30, 199 23, 369 29, 859 194, 260 195, 992 193, 158 198, 142 195, 522 196, 054 189, 822 196, 548 37,980 38, 012 40, 220 42, 350 135, 368 151, 469 148, 155 149, 631 212, 798 201, 212 194, 400 194, 062 24, 777 32,812 35, 105 32, 480 196, 690 221, 270 210, 724 208, 510 193, 748 224, 082 210, 544 209, 102 152, 957 133, 397 153,057 186, 918 150, 115 141, 695 160, 368 162, 083 196, 894 188, 472 181, 248 205, 935 25, 388 22, 894 24, 416 15, 866 217, 246 209, 458 235, 684 225, 664 May June July August _ _ _ _ _ _ _ 189, 580 165, 312 130, 197 123, 438 161,478 155, 229 147,005 149, 520 234, 037 241, 754 224, 948 198, 782 19, 127 26, 067 21,645 26, 759 September October November December 135, 003 167, 597 164,278 147, 288 147, 025 162, 812 156, 409 148, 165 186, 760 193, 040 200, 932 195, 926 31, 771 39, 123 26, 712 22, 556 129, 325 112, 145 16, 463 13, 991 18, 105 14, 504 21,877 117, 804 109, 817 120, 660 132, 308 106, 214 145, 567 131, 170 154, 251 120, 079 166, 889 23, 257 15, 456 16, 855 19, 375 16,000 159, 375 158,008 161, 247 185, 780 127, 786 123,495 131, 073 145, 727 142, 464 154,085 127, 802 131, 266 139, 796 143, 569 153, 159 136, 664 95,900 195,007 225, 804 204, 227 17, 965 24, 957 20,929 27, 657 25,194 126, 308 124, 909 177, 137 198, 583 149, 678 126, 537 147, 026 155, 878 159, 435 177, 175 207, 934 256, 255 179, 591 118, 571 99, 794 148, 240 145, 129 136, 391 129, 329 September... October November December 101, 465 139, 417 141, 786 152, 066 1936 January February March April 1937 January February March April May June ROPE PAPER SACKS (») Price, ConShipments Consulsump- Stocks, sump- Stocks, 5 Producphite, j Produc- tion tion and end of Imports and end of Imports untion * tion 4 ship- month 4 New Domes- Foreign Shipship- month 4 bleach- orders tic ments 4 ments ments 4 ed o Per Dolls, Rel. to of Short tons per 100 cent Beams 1921capac19227 Ibs. ity | YEAH AND MONTH May June July August ABRASIVE PAPER AND CLOTH 2 106, 824 . -- 149, 942 160, 572 44.2 68, 150 78, 363 47, 957 9,171 11, 695 4,379 82.7 80.6 83.7 86.0 87.4 72, 394 86, 916 79,006 86, 891 84, 634 8,836 10, 943 10, 165 12, 435 13, 565 110 119 129 126 2.63 2.63 2.60 2.60 87.9 107.3 124.9 87.1 100, 565 94, 935 92,097 86,484 9,582 10, 764 12, 029 11, 485 101 127 142 126 101, 285 111, 539 107, 752 106, 879 2.60 2.66 2.68 2.68 66.4 84.4 91.8 100.9 82, 780 85, 503 78, 130 85, 194 13, 922 14, 182 11, 407 8,947 124 143 136 151 45, 252 42, 470 42, 660 41, 872 111, 163 117, 388 110, 328 116, 358 2.68 2.73 2.80 2.90 50.7 84.6 67.8 78.6 86, 448 102, 058 76, 877 71,623 10, 997 14, 034 14, 836 17, 037 133 138 101 92 215, 490 208, 948 236, 768 236, 364 40,542 41, 178 39, 790 39,078 125, 796 99,948 99, Oil 102, 344 2.95 2.95 2.95 2.95 83.8 99.8 102.8 98.2 84,825 83, 795 96,354 86, 14^ 11, 461 10, 956 18, 907 15, 669 89 101 115 104 220, 142 225, 330 217, 150 221, 874 220, 118 223, 214 213, 550 223, 340 39, 274 42, 132 45, 710 45, 566 106,250 136, 577 129, 237 131, 769 2.95 2.95 2.95 2.75 113.4 98.1 101. 9 74.1 82, 181 93, 003 77, 756 94, 911 14, 962 13, 591 12, 277 10, 549 95 123 127 138 218, 466 235, 848 227, 186 219, 176 219, 788 237, 560 225, 202 220, 398 44,012 42, 130 43, 638 41, 688 104, 964 121, 806 123, 582 144, 425 2.75 2.75 2.75 2.75 65.4 68.9 97.1 45.1 93, 804 89, 802 72, 748 60, 291 10, 896 13, 123 15, 903 14,490 137 133 123 MOO _ _ 1 Compiled by the Labe I Manufacturers National Association, said to include about 75 per cent of the industry. Data on production, compiled from January, 1921, through November, 1922, may be found in May, 1923, issue (No. 21), p. 85 2 Data compiled by the Abrasive Paper and Cloth Manufacturers' Exchange, estimated to represent 90 per cent of the industry. The totals given include the shipments of garnet, emery, flint, and artificial (silicon, carbide, and aluminous oxide) paper, cloth, and combinations. Figures are stated in equivalent reams 9 by 11 inches in size. The data submitted show that in 1919 the total shipments were made up of the following approximate percentages: Garnet 39, emery 8, flint 32, and artificial 20 per cent. Details are given in the association's reports. 3 Rope paper sacks from Mope Paper Sack Manufacturers1 Association, comprising 14 manufacturers, said to represent approximately 95 per cent of the industry. Rope paper sacks are bags or sacks made principally of old rope and used for flour, cement, lime, plaster, etc. 4 Data on production, consumption, and shipments by mills and stocks from the Federal Trade Commission to May, 1923, representing practically complete production thereafter compiled from reports of the American Paper and Pulp Association prorated to represent complete production on the following percentages calculated on the production in the last seven months of 1923 as compared with the total for that period derived from the Federal Trade Commission reports and the Census of Manufactures: Mechanical pulp, 65 per cent; chemical pulp, 50 per cent. 6 Imports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 6 Price of sulphite domestic wood pulp is monthly average from U. S. Department of Labor, Bureau of Labor Statistics. 7 Twelve months' average July,' 1921, to June, 1922. Numerical data not furnished by the association. 65 Table 40.—BUILDING COSTS AND HOUSING BUILDING MATERIAL PRICES i (1st of nio.) YEAR AND MONTH INDEXES OF CONSTRUCTION COSTS Frame Brick house house Factory buildIng costs 3 Relative to 1913 ^4° ConBrick, struc- Frame5 Brick, wood 6 steel 5 tion 4 frame frame costs Reinforced concrete 5 HOUSING RENTAL ADVERTISEMENTS REAL ESTATE CONVEYANCES 2 Portland, Oreg.e 41 cities Relative to 1913 Number RELATIVE NUMBERS 100 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 10O 100 - - I j 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1926 monthly average . 1935 September October November December _ - -_ Minneapolis, Minn. 7 FIRE LOSSES United States and Canada* Great Britain 9 Thous. dolls. Thous. of£ NUMERICAL DATA 100 89 93 147 181 189 198 10JLOO 1097 1099 "109 10134 10164 10212 10100 10100 10103 10114 10 140 10171 "219 10100 1098 10101 "122 10155 10179 "209 10100 1098 10102 10120 10147 10171 10210 251 202 175 214 215 207 208 10 269 10196 10190 209 205 202 204 10284 10216 "196 219 218 210 213 10257 10201 10185 212 210 202 199 10264 10207 10188 210 206 200 201 $18 727 19 637 15, 236 19, 287 22, 273 26, 413 22, 414 64, 672 63, 094 56, 877 92, 567 808 968 1,094 1,232 1,284 " 1,319 1,886 3,082 3,673 4,788 5,098 5,161 104, 973 91, 642 109, 895 139, 089 140, 961 153, 973 27, 571 27, 721 34, 241 32, 433 31, 461 31, 125 32, 751 £707 614 514 904 620 628 395 647 654 810 182 207 201 196 196 186 209 203 197 195 179 170 202 198 195 197 192 194 195 193 193 195 196 195 194 194 194 194 202 205 206 206 200 201 204 204 210 210 212 213 199 199 199 199 200 201 201 201 1,510 1,429 1,336 1,187 8,497 7,079 5,136 3,042 149, 156 165, 375 149, 204 163, 670 25, 396 23, 991 30, 320 43, 275 195 196 196 196 195 196 197 197 195 195 195 199 207 207 208 207 204 205 205 205 212 213 213 213 199 199 200 200 201 201 201 202 1,278 1,141 1,365 1,357 2,802 2,593 3,856 6,209 147, 039 133, 724 166, 418 166, 224 41, 119 30, 964 42, 855 52, 408 197 195 197 196 197 196 197 196 199 199 199 198 207 205 208 208 203 203 203 203 213 213 213 213 200 200 197 198 202 201 200 200 1,379 1,277 1,143 1, 348 5,858 4,318 3,793 8,932 162, 565 166, 738 160, 732 151, 418 32, 764 28,676 31, 723 27, 833 194 192 192 189 194 192 192 190 197 197 197 197 208 210 211 211 203 204 204 204 213 213 213 213 197 198 . 198 198 200 201 200 200 1,421 1,456 1,172 1,070 8,169 7,273 4,738 3,385 146, 717 158, 217 144, 942 19, 309 14, 877 26, 724 43, 758 196 212 1936 January February March April . _ May June July August - - - September October November.-- _ December _ - . 1927 January February.. March April __ _ I ! | May. _ _ .! June _ _ _ _ _ _ _ _ i 1 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 Real estate transfers and conveyances compiled from official records of 41 large cities by the National Association of Real Estate Boards. 3 This index number, furnished through the courtesy of the Aberthaw Construction Co., is designed to show the relative changes in the cost of constructing a standard concrete 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. * 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. s Compiled by the American Appraisal Company and represent construction costs for each month as based upon material and labor costs prevailing in the United States, weighted in accordance with cost precentages determined from buildings of each type actually constructed. Details by districts and description of method of compilation may6be found in the American Appraisal News for January, 1925, p. 9. Quarterly data, 1920 to 1923, inclusive, appeared in October, 1925, issue of the SURVEY (No. 50), p. 26. Compiled by the 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 9figures. 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. 1° Four months' average, September to December. 11 Average of quarterly figures. « 26446°—27 5 66 Table 41.—BUILDING CONSTRUCTION CONTRACTS AWARDED UNITED STATES (36 States) 1 CANADA (2) YEAE AND MONTH Commercial Thous. sq. ft. Thous. dolls. Industrial Thous. sq. ft. Residential Thous. dolls. Thous. sq. ft. Thous. dolls. Public and semipublic Educational Thous. sq. ft. Thous. sq. ft. Thous. dolls. Thous. dolls. Public works and utilities Grand total Thous. dolls. Total Thous. sq. ft. Thousands of dollars 1 1913 monthly 1914 monthly 1915 monthly 1916 monthly 19L7 monthly 1918 monthly 1919 monthly av. av_ av. av_ avav_ av. 10, 897 1920 monthly av_ 1921 monthly av_ 1922 monthly av_ 1923 monthly av. 1924 monthly av. 1925 monthly av. 1926 monthly av. $38, 882 6,262 9,500 10, 669 17, 786 15, 065 $10, 435 17, 813 24, 208 47, 085 50, 051 20, 927 •20,006 13, 864 9,552 22, 218 $38, 121 44, 068 32, 348 27, 785 77, 465 2,399 $11, 722 2,864 $17, 450 $49, 977 53, 382 $245, 089 $32, 013 20, 163 6,993 8,276 7,070 8,320 15. 835 8,107 6,413 9,363 9,120 9,420 12, 589 11, 791 30, 639 31, 803 47, 545 42, 743 49, 695 69, 639 71, 845 12, 564 3,518 6,448 6,119 4,169 5,623 6,566 57, 459 16, 893 31, 674 36, 932 29, 606 88, 562 54, 259 12, 642 18, 812 28, 538 32, 562 35, 192 45, 043 41, 577 51, 669 80f 139 123, 014 144, 541 170, 841 222, 664 214, 944 2,745 4,239 5,701 4,641 4, 854 4,892 4,351 16,903 23, 918 29, 754 26, 719 30, 620 34, 434 30, 558 2,824 4,298 4,921 3,912 4,643 5, 817 5,512 20, 765 26, 268 31, 653 25, 386 32, 728 46, 077 48, 347 56, 374 45, 719 55, 960 55, 456 60, 326 73, 811 88,603 38, 275 36, 859 54, 552 56, 352 58, 869 74, 955 70, 245 240, 677 224, 070 318, 403 331, 776 373, 816 485, 187 508, 583 21, 300 20, Oil 27,653 26, 187 23,022 24, 831 31,079 1935 January February March April 10, 919 7,467 11, 772 12, 261 67, 372 38, 825 54, 871 63, 969 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, 536 46, 861 73, 555 82, 565 296, 473 299, 260 480, 916 546, 971 8,935 11, 048 13, 393 24, 887 May June July August 14, 183 13, 713 13, 153 17, 295 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 34, 052 33, 230 22, 179 31, 207 September October November December 13, 262 12, 228 11, 421 13, 389 80, 171 55, 912 61, 336 67, 770 8,643 7,231 7,758 5,204 43, 298 63, 316 53, 309 29,332 46, 790 52, 238 50,309 48, 280 250, 417 262, 726 240, 280 250, 044 4,744 3,937 3,157 3,407 35, 217 28, 192 22, 048 31, 646 8,270 5,418 4,070 4,390 59, 445 43, 376 30, 675 40, 164 79, 668 66,007 57, 035 91, 912 86, 167 82, 577 77, 871 74, 852 548, 217 519, 528 464, 683 510, 868 29, 746 29,648 46, 973 12, 675 1936 January February March.. April 11, 191 7,907 15, 431 14, 981 67, 514 47, 319 104, 113 87, 895 7,245 5,256 7,033 5,277 94,415 39, 087 47, 776 41,524 37, 694 31, 853 49, 139 51, 756 183, 279 171, 297 252, 425 257, 965 2,170 2,928 3,936 4,907 12, 736 19, 214 28, 576 37, 245 4,042 3,440 5,880 5,889 32, 669 32, 078 46, 627 50,685 52, 761 64,728 97, 283 76,940 62, 498 51, 660 81,800 83,454 443, 373 373, 723 576, 800 552, 253 12, 669 13, 478 19, 779 37, 292 May June July August 12,045 12, 015 10,704 12, 438 63, 006 66,064 65, 347 78, 236 6,785 5,610 9,209 6,918 44, 560 53, 725 59, 703 64, 049 48, 783 44, 154 34, 999 39, 829 236,640 224, 771 177, 646 213, 624 6,194 5,635 5,876 5,196 37,188 38, 845 40, 874 40,906 6,012 5,938 4,901 7,207 46, 978 47, 798 48, 374 58,153 92, 335 91, 809 109, 436 119, 078 80,704 73,802 66,004 72,220 520, 707 523,011 501, 380 574, 046 57, 140 54, 186 33, 865 31, 696 September October November December _ _ _ 14, 171 11, 141 9,616 9,856 95, 352 61, 219 56, 403 69, 634 6,290 6,613 6, 613 5,941 48, 836 45, 740 64,552 47, 139 40, 183 41, 814 41, 691 37,033 219, 910 218, 982 223, 305 199, 483 4,588 3,404 4, 562. 2,812 32, 953 23, 076 33, 535 21, 912 6,303 5,768 5,181 5,587 66, 825 49,837 46, 782 63, 357 90,652 100, 512 49, 122 118, 583 71,897 69, 316 68,049 61, 531 544,528 499,366 473, 700 520, 107 20, 760 43, 384 34, 972 13, 725 1927 January. February March April. . May June i .. """ 1 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 2 total. Canadian building contracts furnished by McLean Building Reports (Ltd.}; monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 46. 67 Table 42.—YELLOW PINE AND DOUGLAS FIR LUMBER NORTH CAROLINA PINE 2 SOUTHERN PINE 1 Production YEAR AND MONTH Shipments New orders Stocks, end of month Exports s Lumber Timber av av av av av av av 423, 529 441, 903 446, 405 388, 307 399, 160 354, 287 380, 532 379, 701 376, 070 1920 rno. av 1921 mo av 1922 mo. av 1923 mo. av. 1924 mo. av 1925 mo. av 1926 mo. av -_ 1925 September. October November _ December 1936 January February March \pril Miy June July - - - AUSTUSt September October November December Production Dolls. • M ft. i b. m. Thousands of feet, board measure 1913 mo 1914 mo 1915 mo. 1916 mo. 1917 mo. 191 8 mo 1919 mo. Price, floor-4 ing Shipments DOUGLAS FIR Productions Exports 6 ShipNew ments 5 orders 5 Lum- Timber ber Thousands of feet, board measure 82, 270 34, 627 $23. 04 52, 325 24, 109 21.37 38, 353 13, 674 20. 29 40, 263 13, 933 22.64 1, 371, 652 27, 369 10, 069 31.54 1, 116, 259 24, 993 2,991 33.76 937, 748 36, 481 12,849 55.00 34, 230 32, 107 349, 510 . 322, 157 376, 882 364, 646 373, 263 355, 358 Wholesale price 7 No.l, Floorcoming mon Dolls. M ft. b. m. 56, 203 46, 848 23, 299 23, 240 23, 647 22, 700 25, 095 $9 21 7.92 7.88 10.38 15.88 18.25 25.42 46.95 47.24 51.57 45.33 42.18 38.93 358, 031 375, 438 431, 633 450, 165 453, 376 473, 336 447, 857 330, 229 394, 812 430, 673 458, 971 459, 483 471, 843 452, 646 306, 559 399, 677 451, 395 451, 944 463, 763 474, 291 445, 749 1, 187, 587 53, 096 1, 211, 174 36, 061 1, 177, 627 39, 522 1, 086, 042 54, 368 1, 099, 374 55, 827 1, 162, 665 57, 678 1, 106, 661 48, 465 11, 245 7,228 12, 616 14, 237 14, 563 12, 866 1,668 74.53 35.98 45.46 47.70 41.89 46.49 45.11 33, 514 30, 164 52, 543 48, 257 49, 144 54, 188 49, 474 29, 791 29, 052 52, 496 48, 539 49, 337 51, 558 48, 901 380, 351 297, 738 435, 673 508, 789 488, 831 543, 966 526, 844 334, 915 37, 602 298, 506 37 936 409, 224 416, 088 51, 225 515, 951 510, 318 43, 165 497, 747 509, 871 51, 877 558, 067 562, 805 50, 659 529, 828 536, 468 57, 927 14, 371 31, 479 40, 427 28, 897 46, 314 29.92 11.83 15.25 19.42 17.25 17.25 16.48 481, 936 484, 840 423, 026 448, 825 491, 568 496, 022 469, 155 452, 165 501, 395 511, 706 494, 812 416, 635 1, 181, 906 43, 993 1, 199, 328 48, 932 1, 152, 743 60, 232 1, 165, 620 51, 627 10, 723 9,343 8,102 10, 024 46.42 47.41 48.27 49.83 63, 504 55, 979 62, 538 51, 352 58, 240 51, 100 44, 688 48, 076 568, 960 600, 295 584, 180 526, 434 575, 227 564, 484 600, 743 549, 264 526, 881 621, 782 568, 512 588, 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 41.00 41.45 40.59 40.27 446, 454 434, 400 479, 370 454, 005 437, 159 463, 977 456, 570 473, 852 469,737 475, 838 492, 779 474, 287 1, 182, 790 44, 359 1, 156, 211 44, 825 1, 178, 497 51, 362 1, 120, 803 56, 908 7,758 10, 950 126 183 49.43 49.84 47.96 46.88 38, 584 46, 550 51, 639 49, 700 48, 895 45, 388 54, 222 47, 348 461, 077 601, 191 612, 382 521, 062 522, 405 577, 465 629, 392 538, 072 55, 017 30, 081 61, 340 33, 571 78, 509 37, 909 61, 632 54,261 15.50 16.00 16.50 16.50 40.23 40.09 40.20 40.20 583, 732 562, 693 70, 816 577, 913 573, 884 65, 340 508, 975 532, 253 44, 531 526, 434 481, 221 53, 822 567, 169 590, 895 660, 280 514, 795 460, 346 479, 176 489, 003 449, 745 469, 108 435, 126 449, 794 471, 819 460, 685 446, 163 467, 317 499, 991 1, 102, 498 1, 086, 086 1, 070, 179 1, 055, 408 46, 905 48, 992 44, 790 46, 141 156 271 85 117 45.76 44.63 43.17 42.89 58, 898 63, 350 45, 136 43, 631 46, 347 49, 490 48, 888 47, 033 545, 682 560, 455 491, 965 515, 690 53, 437 65, 518 36, 065 58, 747 16.50 16.50 16.97 16.55 39.46 39.47 39.27 38.50 458, 749 457, 297 426, 171 345, 865 1, 052, 000 1, 045, 688 1, 065, 538 1, 164, 232 41, 951 49, 122 47, 531 58, 692 71 162 58 74 42.88 43.54 43.02 41.31 48, 524 47, 670 53, 711 54, 019 50, 050 47, 271 48, 797 45, 367 525, 091 512, 556 528, 224 67, 380 50, 983 564, 036 517, 928 511, 661 25, 137 32, 708 503, 603 457, 943 512, 556 63, 801 56, 042 419, 893 405, 121 401, 987 47, 794 46, 442 16.49 17.16 16.23 16.89 38.23 37.91 37.41 36.24 _ 448, 293 441, 419 427, 430 _ 436, 869 445, 502 431, 254 362, 275 337, 200 1937 January Februay March April | May June 1 11 1 The figures for southern yellow pine, except exports and prices, are computed data furnished by the Southern Pine Association. The method of computing is first to find the percentage relation between the actual production, shipments, and orders of the mills reporting and the normal production of these same mills This per cent is then applied to the normal production of the 192 mills. The average production in the first four months of 1916,484,065,392 feet, is taken as normal production. There are no separate normals for orders and shipments since these two items must be governed by production. Assuming that the mills reporting are a good sample of the industrv the resulting figures are equivalent to the actual production, shipments, and orders of the 192 identical mills, and hence a fair sample of the industry The same procedure is followed for stocks except that normal in this case is 1,262,450,326 feet, the average stocks during 16 months ending April, 1916. The figures are based on actual renorts from about 180 mills on production, shipments, and stocks and from about 145 mills on orders. Monthly data for 1921 amd 1922vv appeared on v Dace 59 of the Ootohpr i QOQ issue (No. 26). Monthly data 1917 to 1920 appeared in April, 1923, issue (No. 20), p. 49. * voiouer, iy^,, 2 Data computed from reports on actual production and shipments as furnished by the North Carolina Pine Association, Inc., for mills varying in number from 31 to 56 The computed figures given are obtained by first determining for a given month the per cent which the actual production is of the normal production of the identical mills reporting. This per cent is then applied to an arbitrary figure of 70,000,000 board feet, which represents the approximate monthly average normal production of the mills which reported in 1919. A similar per cent of actual shipments to normal production is applied to the same figure to obtain the computed shipment figures The resulting figures represent a computed production as of identical mills for each month. The figures are of the same order of magnitude as the actual reported'production and shipments, but avoid the rather wide variations due to different mills reporting in different months. 3 Exports of southern yellow pine lumber and timber from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1921 on lumber only are given in the December, 1923, issue (No. 28), page 56. Lumber exports comprise boards, blanks, and scantlings, rough and dressed and exclude short-leaf pine4 and>all other not long-leaf or pitch pine. Timber exports include both treated and untreated, sawed, and exclude logs and round timber. From U. S. Department of Labor, Bureau of Labor Statistics, and represent average weekly prices for yellow pine flooring, grading B and better at Hattiesburg Miss 5 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 npriod 1917-1921 appeared in the December, 1922, issue (No. 16), page 49. i^nuu 6 Export figures are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1921 for both lumber and timber appeared in the December, 1923, issue (No. 28), p. 56. Lumber exports comprise boards, planks, and scantlings, rough and dressed, while timber exports include treated and untreated sawed, excluding logs and round timber. » 7 Data from U. S. Department of Labor, Bureau of Labor Statistics, and represent averages of weekly prices. No. 1 common is given for the State of Washington while flooring price is an average for Pacific coast mills, covering 1 by 4, B and better grade, vertical grain. Monthly data on flooring extending back to 1921 appeared'in the November, 1926, issue (No. 63), p. 16. 68 Table 43.—MISCELLANEOUS SOFTWOODS CALIFORNIA WHITE PINE 2 WESTERN PINEi doc"I Shgp; Ton ments Stocks, end of month Production Ship- Stocks, end of ments month Production Ship- New Proments orders duction Thousands of feet, board measure 1917 monthly av 1918 monthly av 1919 monthly av 1920 monthly av 1921 monthly av.... 109, 357 110, 423 113, 424 97, 784 113, 794 109, 032 881, 924 134, 467 110, 697 74, 437 76, 840 1, 063, 658 1922 monthly av 1923 monthly av.— 1924 monthly av 1925 monthly av 1926 monthly a v.._ 120, 689 145, 916 137, 661 150, 988 144, 553 857, 812 128, 606 914, 376 129, 140 135, 251 1, 033, 833 983, 967 138, 820 148, 542 1, 138, 394 1935 January February March April 77, 994 96, 184 145, 951 164, 584 133, 718 120, 398 129, 019 136, 212 31,900 37, 284 36, 037 29, 114 265, 113 287, 645 267, 276 370, 303 66, 387 101, 876 96, 061 116, 576 45, 784 61, 972 76,765 106,570 382, 216 494, 177 568, 840 567, 021 44, 512 51, 460 42, 959 46, 599 40, 687 48, 357 46, 346 44, 621 45, 204 45, 163 658 676 684 535 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, 332 177, 055 180, 919 179, 468 179, 044 927, 799 145, 562 964, 260 149, 624 996, 619 154, 981 160, 097 1, 006, 021 133, 818 165, 516 166, 656 173,701 107, 745 107, 911 115, 795 125, 582 493, 023 545, 982 584, 721 619, 829 173, 285 September 175, 843 October November _ _ _ _ _ 146, 362 115, 165 December 151, 440 1, 037, 717 140, 480 1, 071, 835 114,009 1, 102, 368 130, 294 1, 148, 436 167, 244 164, 357 118, 200 78, 393 129, 970 145, 665 111, 359 100, 883 1936 January February March April 82, 765 95, 217 151, 165 164, 256 120, 095 1, 120, 036 125, 251 1, 099, 644 152, 165 1, 094, 268 144, 836 1, 081, 820 47, 839 53, 978 96, 129 148, 662 179, ill 180, 746 175, 363 175, 005 144, 653 154, 785 172, 648 186, 740 1, 145, 787 1, 170, 478 1, 180, 321 1, 165, 752 _ _ 157, 977 - - 153, 716 125, 685 93, 632 175, 618 162, 282 130, 469 112, 962 1, 154, 950 1, 150, 089 1, 142, 636 1, 154, 850 • __ May June July • August _ May June July August September October November December . 899, 867, 881, 903, Shipments Thousands 52, 561 48, 263 58, 368 39, 110 CALIFORNIA REDWOOD « Lath Lumber YEAE AND MONTH NORTHERN HEMLOCK * NORTHERN PINE 3 Production Shipments Production Ship- New ments orders Thousands of feet, board measure 35, 327 33, 643 30, 056 27, 290 16, 986 33, 169 37, 974 37, 051 19, 431 18, 435 37, 460 36, 404 44, 243 39, 618 28, 547 32, 759 35, 337 28, 441 28, 745 39, 934 30, 576 29, 472 9,581 8,669 6,357 9,881 49, 033 41, 018 44, 406 41, 127 41, 110 12, 574 13, 290 10, 825 12, 110 10,52? 11, 097 12, 292 11, 796 9,550 10, 735 23, 483 26, 059 20, 416 21, 166 26, 083 25, 351 18, 920 18, 082 49, 035 53, 240 48, 136 43, 294 42, 326 44, 010 49, 268 37, 583 38, 785 39, 165 47, 805 46, 861 38, 129 38, 391 42, 371 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 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, 571 641, 152 659,855 644, 318 642, 798 45, 825 38, 491 15, 286 35, 591 50, 465 55, 485 43, 908 36, 119 42, 994 49, 856 36, 018 36, 798 12, 144 11, 194 9,284 9,881 4,118 6,735 9,254 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 33, 657 38, 328 37, 1'03 44, 837 111, 987 91, 759 115, 576 123, 666 573, 264 540, 585 485, 007 521, 153 35, 825 31, 546 36, 742 45, 493 40, 933 41, 399 39,043 I 36, 128 43, 260 42, 000 46, 732 41, 874 9,246 8,690 8,282 8,148 8,791 13, 599 10, 076 9,570 16, 301 16, 633 17, 727 16, 291 14, 152 15, 445 14, 629 20, 326 41, 846 40, 965 57, 078 42, 413 33, 489 33, 709 41, 616 41, 370 44, 832 39, 648 53,913 39, 390 161, 382 169, 420 154, 409 171, 168 117, 601 133, 923 123, 414 127, 671 521, 237 605, 169 606, 335 659, 098 43, 493 51, 571 51, 549 45, 528 47, 351 51, 972 56, 490 49, 890 46, 170 50, 690 46, 783 50, 389 9,950 11, 444 15, 728 18, 348 15,944 13, 422 13, 127 16, 942 17, 712 16, 229 19,905 21, 582 21, 892 25, 107 21, 738 23, 027 50, 023 40, 404 30, 762 47, 448 47, 687 40, 448 37, 702 49, 418 46, 352 42, 530 34, 135 45, 978 160, 740 138, 768 100, 885 126, 708 109, 915 91, 472 679, 154 659, 171 674, 249 40, 859 52, 296 25, 649 27, 693 48, 323 50, 396 39, 452 28, 115 46, 204 41, 460 24, 677 25, 550 10, 029 13, 050 5,729 6,372 23, 219 15,024 15, 504 22, 109 19, 500 17, 797 35, 749 40, 463 49, 906 30, 852 33, 639 39, 742 47, 116 24, 043 33, 516 49, 886 46, 259 32, 014 40, 273 50, 139 34, 204 27, 768 9,846 9,796 4,342 4,668 1937 January February March April IVIay June ii 1 1 Compiled by the Western Pine Manufacturers' Association, the actual data being computed to comparative bases through percentages of normal production for the mills reporting in each period. The normal monthly production covers 54 mills with output of 148,000,000 board feet in the earlier years, gradually reduced to 42 mills with normal output of 136,800,000 feet in 1925, and is estimated to represent 70 per cent of the output of the western pine territory throughout 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. ' 4 Compiled by the Northern Hemlock and Hardwood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills, from actual reports of from 60 to 75 mills each month. Yearly averages covering the period 1913-1916 were shown in the August, 1924, issue (No. 36). The 1913 monthly averages on which the relative numbers were based are 37,664,000 and 36,442,000 board feet, respectively, for production and shipments. 5 The California Redwood Association has furnished to the Bureau of the Census the figures on the actual production, shipments, and orders received by 7 identical mills for each month of 1918, 1919, and 1920. These 7 mills represent 40 per cent of the capacity of all listed mills for these years. For the first 4 months of 1921 reports were furnished from 10 mills representing 56H per cent of the capacity of all listed mills. For the remaining months of 1921 reports are available from 11 mills representing 71 per cent of tlie 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. 69 Table 44.—HARDWOODS WALNUT 3 ALL HAHDWOOBS Unsold stocks 1 Total stocks i YEAR AND MONTH Total hardwoods Gn in Oak Total hardwoods Gum Unfilled orders 1 Total hardwoods Oak Gum Oak Lumber Pro- Ship- New 2 duc- ments* orders tion 2 Stocks Pur(com- (com- (comSMP- on puted) puted) puted) du°ctton meDts hand chases M feet, log measure Thousands of feet, board measure •II 1922 nao. av_ 1923mo.av_ 4 492,159 * 145,024 4 173,012 * 392,818 4 111,097 * 143,854 * 134,608 4 47,020 4 39,530 1924 mo. av_ 6 555,276 » 174,425 5 191,628 5434,137 6 134,413 s 150,528 8 139,712 s 48,029 5 45,952 1925 mo. av_ 763,235 234,025 245,086 616,003 182,308 197,030 170,177 57,645 54,063 s 72,000 5 87,000 3 94,000 1928mo.av_ 831,563 227,226 264,850 645,836 186,265 210,536 216,651 71,522 69,372 88,000 89,000 91,000 1934 May June __-,_424, 175 134, July August 477, 002 151, Logs Made into lum- St'ks on ber and hand veneer 1,807 1,927 10, 214 2,538 2,391 8,153 3, 529 3, 144 11, 463 3, 830 3,477 19, 282 1,460 2,410 2,641 2, 958 1,327 2, 037 2,114 3, 282 2,727 3,106 3,011 4,158 2,428 2, 647 2,409 2,742 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, 419 261 218 152, 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 9,355 September October November . December... 546, 242 563, 759 653, 653 666, 825 169, 421 174, 274 202, 489 214, 889 188, 942 193, 997 222, 837 227, 743 428, 003 455, 080 516, 247 524, 142 128, 518 138, 168 157, 123 165, 871 151, 052 159, 771 173, 532 180, 474 132, 838 123, 485 158, 179 167, 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 1335 January-- _ February __ March April 665, 144 689, 384 733, 351 775, 221 214, 750 219, 501 228, 110 289, 563 225, 734 227, 670 247, 669 258, 294 529, 515 554, 280 598, 267 646, 255 169, 712 176, 546 185, 891 199, 413 180, 321 182, 678 200, 116 215, 122 159, 337 153, 680 150, 027 148, OG8 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, 064 206, 650 210, 831 201, 981 194, 514 157, 975 156, 356 169, 152 171, 277 56, 749 53, 542 52, 736 58, 245 49, 957 47, 226 57, 236 56, 862 4,132 3,589 3,873 3, 491 3,029 19, 332 3, 552 3,119 19, 515 2,921 2,940 20, 736 2,880 3,237 20, 898 2,637 September. October. ... 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 74, 000 72, 000 73, 000 86, 000 63,312 78, 000 73, 000 65, 000 68, 000 83, 000 98, 000 93, 000 98, COO 96, 000 107, 000 92, 000 90, 000 3, 363 3,287 3,243 3,066 2,979 3,813 4, 229 3,870 83, 000 91, 000 2,897 1,842 2,121 2,430 20, 688 20, 858 20, 024 19, 831 3,496 4,734 3, 261 4,374 2,656 4,599 2,637 4, 599 2,879 2,378 2,361 3, 281 4,770 3,930 4,000 2,569 ] 1928 January February- March April __ 765, 431 783, 215 769, 992 790, 558 212, 922 226, 818 221, 397 224, 164 244, 137 246, 619 247, 154 252, 375 592, 772 607, 117 593, 423 626, 807 161, 851 174, 314 168, 507 175, 405 188, 963 186, 202 184, 817 192, 072 204, 771 216, 186 208, 965 193, 150 68, 190 74, 488 68, 952 61, 955 60, 433 66, 670 68, 884 67, 863 81, 000 85, 000 82, 000 80, 000 85, 000 87, 000 92, 000 100, 000 86, 000 90, 000 85, 000 81, 000 3,143 3,156 2,874 3, 077 May Junp< July _ August 807, 583 820, 714 819, 196 824, 661 229, 017 235, 525 232, 729 223, 865 258, 404 259, 965 269, 228 273, 426 636, 640, 641, 642, 253 937 713 551 175, 453 175, 188 168, 894 165, Oil 198, 839 199, 732 210, 390 215, 312 202, 383 210, 850 206, 584 207, 768 69, 200 73, 617 73, 191 70, 279 67, 212 68, 836 67, 198 63, 942 85, 000 95, 000 94, 000 94, 000 82, 000 84, 000 91, 000 97, 000 2,787 2,778 3, 043 3,074 2,134 3, 057 2,610 3,022 September. October November _ December.. 893, 104 884, 608 897, 818 921, 875 222, 502 224, 008 231, 160 242, 602 301, 830 301, 135 308, 099 315, 826 685, 439 673, 856 690, 785 718, 393 163, 108 164, 309 168, 703 176, 443 230, 752 227, 982 233, 189 242, 254 239, 059 234, 651 69, 822 73, 184 76, 790 78, 594 76, 661 82, 185 79, 739 67, 841 94,000 1927 January February March ... April..- _ _ _ May June 235,911 255, 457 ..:.:: i:::::::::::~::~::~::" 87, 000 92, 000 92, 000 93, 000 3,624 19, 071 2,076 2,073 1,208 3,627 18, 010 2,559 2, 393 1,485 4,011 17, 473 2,781 2,821 1,388 3, 143 17, 368 2, 597 2,472 1,513 3,380 3,417 2, 399 15,046 2,361 16, 974 16, 992 15, 463 2,630 2,803 2,168 2,439 2,151 2,961 3,193 3,093 2,640 2,806 13, 930 1, 991 2,619 2,237 2,320 3,688 12, 503 1,833 2,143 1,941 2,378 3,310 11,591 2,273 2,335 1,754 93, 000 105, 000 93, 000 101, 000 100, 000 90, 000 91, 000 92, 000 82, 000 79, 000 74, 000 I 1 i 200 units reported. A single band-mill is considered one unit of production. 2 Data on production, shipments, and new orders are reported by from 100 to 135 units each week to the Hardwood Manufacturers* Institute, the monthly data being computed by applying the percentages of normal production calculated by the association for every four or five weeks' period to an average normal output of these mills of about 100,000,000 feet per month. These figures thus represent only about two-thirds as many units as the data on stocks and unfilled orders. s Compiled by American Walnut Manufacturers' Association from reports of identical firms representing from 50 to 60 per cent of the walnut lumber industry. * Seven months' average, May through November, inclusive. « Six months' average, July to December, inclusive. 70 Table 45.—TOTAL LUMBER AND FLOORING LUMBER— ALL SPECIES YEAR AND MONTH MAPLE FLOORING i OAK FLOORING 2 Retail yards, 9th Composite Unfilled Unfilled prices 6 Fed. Res. Dist.« Produc4 Ship- Stocks, ProShip- Stocks, New orders, ProNew orders, end of orders •end of orders tion 3 Exports duction ments month end of duction ments month end of HardSoftSales Stocks woods woods month month Thousands of feet, board measure 1909-13 m.a. 1913mo.av_- 2, 197, 334 1914 mo. av-_ 2, 102, 537 1915mo.av._ 2, .086, 531 1916mo.av__ 2, 262, 175 1917mo.av_. 2, 141, 144 1918 mo. av_. 1, 874, 419 178, 398 216, 037 149, 146 93, 947 91, 208 84, 971 85, 314 1919mo.av_. 1920mo.av__ 1921 mo. av_. 1922mo.av__ 1923mo.av_. 1924mo.av_1925mo.av_. 1926 mo. av__ 2, 069, 522 2, 059, 875 1, 762, 264 2, 270, 967 2, 495, 261 2, 418, 838 2, 625, 942 2, 462, 996 109, 268 7 $30, 995 7 215, 564 129, 280 16, 786 203, 175 100, 401 13, 838 153, 155 127, 743 15, 496 126, 744 146, 071 14, 651 127, 719 161, 500 13, 403 111, 606 161, 687 17, 187 111, 258 161, 714 15, 149 106, 768 1935 May June July August 2, 682, 113 2, 745, 777 2, 563, 211 2, 800, 999 160, 258 183, 170 158, 369 132, 089 20, 904 24,656 23, 321 22,245 September _ _ October November.December... 2, 824, 212 2,835,311 2, 476, 262 2, 403, 748 138, 044 170, 376 148, 858 201, 369 1926 January February — March April 2,254,461 2,470,531 2, 737, 616 2, 591, 512 May June. July August September _. October November. . December. .- Dollars per thousand feet, board measure Thousands of feet, board measure 4,572 6,675 7,464 9,205 11, 563 11, 120 4,858 4,572 6,009 6,877 8,894 11, 470 10, 446 5,537 12, 171 10, 544 15, 877 17, 158 22, 489 25, 652 25, 680 4,719 6,104 7,419 9,525 11, 429 8,956 4,781 6,290 7,285 7,578 7,547 16, 124 20,074 7,270 $40. 33 46.72 43.11 41.80 46.56 $48. 98 27.42 30.79 33.86 30.95 30.71 30. 67 10, 039 10, 383 8,378 11, 479 11, 734 8,603 8,828 9,986 11, 848 8,259 8,121 11,934 11, 805 7,865 8,428 8,849 15, 448 15, 963 30, 749 28, 040 21, 268 23, 880 26, 979 31, 277 14, 163 5,106 8,991 12, 194 11, 085 8,085 8,360 8,370 38, 289 26, 723 10, 176 20, 311 26, 804 12,347 10, 117 9,419 10, 101 10, 745 12, 411 22, 877 30, 103 34, 843 43, 167 44, 421 11, 070 7,800 13, 595 23,945 28, 878 35, 306 42, 825 41, 923 14, 431 25, 859 32, 875 23, 006 33, 609 43, 773 47, 104 57, 443 11, 782 6,343 14, 058 23, 723 28, 313 35, 900 42, 435 40, 194 15, 035 11, 324 12, 003 33, 052 44, 258 46, 562 52, 031 41, 728 112,407 110, 387 114, 887 115, 794 41.43 40.04 40.22 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 30,799 21.859 17,751 9,870 111, 953 104, 849 98, 345 100, 273 40.58 40.54 41.67 41.69 30.35 30.35 30.59 30.34 9,292 10, 720 9,084 9,984 10, 704 9,439 7,445 6,855 22, 750 23,728 25, 072 28,440 9,766 7,916 6,340 8,749 9,980 8, 219 7,829 9,076 45,922 49, 498 41, 947 42,206 45,630 49, 686 39, 276 41, 816 38,372 39, 921 43,204 44, 715 39,968 40, 094 41, 594 47,300 52,729 44, 793 50, 565 61, 103 155, 726 156, 720 188, 249 173, 675 8,597 7,524 10, 716 14, 554 110,436 114,046 115, 780 117,447 42.60 43.79 43.00 41.96 30.79 31.32 31.44 31.48 8,922 7,845 9,624 9,339 7,143 6,526 9,221 9,099 29, 314 30,447 31, 197 30, 733 8,264 7,083 9,224 8,281 10, 401 10, 762 11, 761 9, 919 45, 171 44,540 47,686 48,642 41, 498 37, 708 43,543 43,007 48,244 54,362 57,291 62,656 34,446 33, 411 42,267 40,223 54,161 49, 599 45, 231 42,491 2,677,098 2, 582, 349 2, 443, 684 2, 413, 655 173,466 178, 197 142, 895 156, 875 19, 021 22,543 20,611 20, 268 114, 779 112, 412 109,909 109, 822 41.70 41.61 39.95 39.95 31.46 30.22 30.21 29.93 8,283 8,624 8,329 11,316 8,074 9,334 10, 414 13,911 31, 689 30, 290 28, 557 31,546 7,443 9,949 8,963 11, 155 8,920 9,317 8,755 9,987 41,998 44, 056 44, 789 46, 396 42, 139 46, 035 46, 259 47, 756 60, 282 59, 737 56, 450 54,325 41, 415 45, 302 47,545 49, 756 41, 513 41,744 39,260 43,329 2, 491, 837 2,468,949 2, 279, 825 2, 144, 917 163,301 121, 116 164,263 166, 080 16,483 20, 664 14, 697 6,105 102, 183 94, 830 88, 276 91, 298 40.96 40.93 41.15 41.15 29.90 30.28 29.98 29.78 12, 034 11,616 12, 152 11, 750 13, 194 11, 961 9,765 9,541 31, 131 31, 314 33, 619 35, 483 9,720 7,115 6,171 7,071 9,606 8,580 7,350 7,669 47,201 45, 056 40,029 37,489 47,270 42, 859 34, 501 30, 504 53, 469 55, 273 60, 145 67, 079 41, 777 37, 767 33,827 34, 595 39,237 35, 578 32,603 35, 995 1927 January February _ _ March April Mav June 1 Data on maple flooring (including also birch and beech) are compiled by the Maple Flooring Manufacturers' Association, said to represent about 70 per cent of the industry. The data for the period 1919-1922 include reports from 20 identical mills; in 1923 an additional mill was included, while 3 mills ceased reporting at the beginning of 1924. In July, 1925, one other member was added, making a total of 19 reporting. Monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 43. 2 Compiled by the Oak Flooring Manufacturers' Association from reports of 25 identical mills, said to represent about 90 per cent of the total oak-flooring industry. Monthly data from 1912 appeared in May, 1924, issue (No. 33), p. 36. 3 Figures in this column represent the total cut of 10 species of lumber—yellow pine, Douglas fir, hemlock, western pine, redwood, maple, birch, beech, white fir, and sugar pine—representing over 70 per cent of the total cut of lumber in the United States. Annual figures for 1913 and 1914 are from actual reports to the U. S. Department of Agriculture, Forest Service, and from 1915 through 1920 are computed on the basis of actual reports to the Forest Service. Monthly figures for 1920 are obtained by prorating the cut of each species as reported by the associations whose figures are carried on these columns to the Forest Service total. For subsequent months prorating is done on an approximate average for the years 1917 to 1920. * Exports consisting of boards, planks, and scantlings are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. * Data compiled by the Federal Reserve Bank of Minneapolis. Stocks represent the inventories of 19 companies retailing lumber through 588 yards in the Ninth Federal Reserve District; sales represent the total retail business reported by 21 companies operating 625 yards. Data for 1919 were estimated for a few companies on the basis of the correlation of reporting companies of 1919 and 1920. Monthly data from 1920 appeared in October, 1923, issue (No. 26), p. 59. t 6 Composite lumber prices compiled from weekly data published in the Lumber Manufacturer and Dealer, representing combined weighted averages for the respective series of lumber, based on quotations on various grades for each species. The species are weighted according to annual production of the previous year, the weights changing about May of each year, when the new production figures are available. The softwood index is based upon 7 species: Yellow pine, Douglas fir, North Carolina pine, white pine, hemlock, spruce, and cypress. The hardwood index is based upon 13 species: Maple, birch, beech, basswood, elm, oak, gum, ash, cottonwood, chestnut, poplar, hickory, and walnut. Figures formerly published covered only first week of the month. ? Seven months' average, June to December, inclusive. 71 Table 46.—FURNITURE, ROOFING, AND NORTHERN HARDWOODS 1919 monthly av 1920 monthly av 1921 monthly av 1922 monthly av 1923 monthly av 1924 monthly av 1925 monthly av 1926 Tncynthly av Number of pieces $40, 266 $128,088 23, 949 28, 812 29, 833 45, 005 37,882 56, 317 36, 950 46, 287 45, 742 53,305 1925 January February March April . . 34,775 35,302 42,907 37, 154 47, 976 45, 037 36, 990 May June . > . ... July August 34, 135 41, 637 31, 432 33, 916 44,700 53,940 63, 030 September October November December _ 62, 301 60, 852 55, 681 45, 518 69, 157 73, 625 53, 161 42, 207 79,602 57,364 48,486 58,484 49, 344 42,941 50,130 41, 695 40, 331 48, 025 1936 January - February March April May June _ _ . July August September October . November December - _ 55,813 53,420 73,449 55,809 72, 763 54,218 68,891 74,240 63,266 78,590 63, 560 72, 215 . . 58, 183 67,016 $13, 281 $17, 225 $12, 424 11,317 13, 160 11, 357 812,465 7,125 6,227 10, 149 4,433 9,231 13, 689 9,773 6,960 13, 767 11, 709 13, 719 16, 540 5,034 11, 743 13, 969 11, 658 12, 288 4,308 12, 318 15, 229 924 27 28 30 825 25 27 27 858 57 57 53 26, 500 37, 397 33, 352 34, 404 11.3 11.2 13.5 897.3 96.8 97.5 100.0 100 100 98.5 96 47,411 96 93.5 95 96 41, 443 815 Thous. of sqs.? St'ks, end of mo. Net tons 33, 328 27, 509 19, 067 34, 204 38, 852 28, 533 29, 202 2,079 2,360 2,182 89,016 2,541 s 12, 055 2,542 16, 078 2,427 2,714 17, 406 2,296 2,731 20,297 3,588 23,030 4,043 2,670 29, 117 23, 913 25, 481 22, 176 2,370 2,170 2,373 2,773 20, 076 15, 658 18, 652 19, 788 3,503 20, 884 26, 282 28,909 35, 640 2,452 2,962 3,021 3,003 20, 656 20, 946 22, 360 22,794 3,378 3,075 3,751 3,951 29,508 39,979 35, 261 33, 269 3,176 3,473 2,607 2,386 23, 272 23,946 19,043 16, 373 2,556 3,488 4,234 32, 696 33, 866 33, 301 30,249 1,699 2,053 2,752 2,700 18, 195 17, 829 25, 061 21, 545 4,641 57 22 22 14 26 28 29 33 60 60 55 60 4 4.5 11 20 9,079 11, 307 11, 689 10, 638 11, 863 47 56 63 64 18 27 34 30 18 17 25 25 51 51 56 60 20 10 8 7 17, 789 20,963 19,474 20,885 68 68 68 56 34 32 34 15 29 33 32 26 64 59 55 51 5.5 9 10.5 25 94 100 101 99.5 35, 842 25, 175 15, 735 10, 158 13, 186 13, 222 11, 140 82 78 68 55 53 23 25 20 27 28 30 24 51 54 52 50 4.5 9 13.5 23 100 98 100 100 48, 395 51, 856 57 60 72 68 29 28 42 27 22 22 26 29 47 47 46 55 25 11 5 7 100 100 97 100 41,499 27, 470 17, 169 15, 875 25,863 26,867 26, 468 29,674 2,958 3,012 2,597 2,768 24,520 26,218 25, 003 23, 547 4,269 3,054 9,017 11,690 11, 153 9,979 11, 875 12,061 14,716 15,533 16,600 18,709 20, 474 65 62 60 42 34 33 34 15 31 31 31 28 60 61 61 56 7.5 13.5 12.0 31.0 100 102 102 100 15, 653 13, 034 11, 394 15, 399 29, 247 26,153 3,450 3,495 2,441 2,115 26, 938 27, 636 22,013 17, 857 3,236 3,426 3,246 •3, 513 3,214 16, 489 18,003 15,944 13, 621 6,637 7,042 13, 592 11,086 10, 811 8,784 3,892 3,353 10,997 3,154 3,149 10,916 8,782 9,256 8,332 8,231 10, 101 2,592 1,897 2,511 9,443 9,878 7,604 3,408 15,524 16,891 13, 557 6,651 8,649 6,663 32, 732 »63 58 62 64 Ship- Ship- Proments ments duction M ft. b. m. 34,206 27,838 DRY ROOFING FELT 6 80 72 54 43 9,722 9,296 9,219 10, 793 6,851 2,541 Pro'duetion PREPARED ROOF. ING 6 13, 327 13, 548 15, 810 12, 457 3,921 3,324 4,047 No. Perct. Per ct. days' new full sales orders time NORTHERN HARDWOODS (4) 10, 913 11, 163 12, 518 10, 081 11, 562 11, 635 11, 506 9,668 4,378 3,324 2,903 Number days' production Plant operations Value, average per firm, dollars Cancellations Quantity Shipments YEAR AND MONTH Outstanding accounts, end of mo. Shipments Unfilled Unfilled Ship- orders, New orders, orders end of ments ofend mo. month Value FURNITURE— GRAND RAPIDS DISTRICT 3 New orders PIANO BENCHES AND STOOLS 2 Unfilled orders, end of mo. HOUSEHOLD FURNITURE AND CASE GOODS i 9,519 9,077 10, 052 13, 892 17, 559 16, 121 17,839 10, 757 44, 894 47, 186 44,732 41,299 26, 223 20, 811 22,098 54,622 47, 226 3,713 3,813 4,362 3,231 4,279 5,943 5,186 4,051 3,636 3, 545 1927 January February March April May June 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 m July, 1917, gradually decreasing until 1923 since which time only 8 firms have reported. The figures are strictly comparable, however, as the 6 firms which ceased reporting went out of this line of business. It should be noted that the items, new orders, unfilled orders, and shipments (values) are averages per firm while shipments (quantities) are totals for the reporting firms. Monthly data from 1917 to April, 1924, showing aggregates for all items appeared in the June, 1924, issue (No. 34) p. 57.3 Compiled by Seidman & Seidman from reports of representative manufacturers of furniture in the Grand Rapids district. Owing to variation in the number of firms reporting each month, the figures have been shown in number of days' production or sales, based on current ratios, or as percentages. The original data are based on value. Monthly data from June 1923 appeared in the June, 1926, issue (No. 58), p. 24, 4 Data from Northern Hemlock and Hardwood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills. These figures represent actual reports from 60 to 75 mills each month. The hardwoods cut are mostly maple, birch, and beeclu Annual averages from 1913 through 1918 appeared in the February. 1926. issue (No. 54), p. 65. B Compiled by the Prepared Roofing Manufacturers' Association until 1926 and prorated to 100 per cent of the industry from reports received from 60 to 90 per cent of the total machine activity, comprising all types of asphalt-saturated roll roofing whether surfaced or not and all types of asphalt shingles. Monthly data back to 1919 appeared m the September, 1923, issue (No. 25), p. 55. Beginning with 1926 the name of the association was changed to the Asphalt Shingle and Roofing Association and data6 are prorated to 100 per cent of the industry. Compiled by the Felt Manufacturers' Association, including reports from 16 identical mills, until 1925, when 17 firms reported. The felt is made from waste rags and the data are said to represent about 50 per cent of the industry. Data as to receipts of rags and paper and stocks of all kinds appeared hi November, 1924, issue (No 39) p. 104. Average prices are also included in the reports of the association. 8* A roof square is equivalent to 100 square feet of covering as measured on the roof. Six months average, July to December, inclusive. 8 Seven months' average, June to December, inclusive. 72 Table 47.—LUMBER PRODUCTS AND SAND-LIME BRICK BOTABYCUT VENEER 2 UnBook- Ship- filled ings ments orders YEAR AND MONTH Thousands of sq. ft. surface 3 3,938 4,341 4,721 4,189 3,763 4,232 3,401 3,301 2,609 3, 605 3.. 696 _ _ _ 3, 824 _ _ 4 121 8, 882 _ '3, 791 _ „ CIRCLED HEADINGS FOR WOODEN BARRELS 3 Production (rough)6 Unfilled Stocks orders, on ShipSales hand, ments (finish- end of end of 7 (finish- ed sets) month month ed sets) (finished (rough) sets) Number of carloads •192 1926 January.. Februarv * March ApriL.._ . . September October November December 5 5,972 6,130 5, 349 4,278 6294,768 8711,687 707, 426 738, 341 222 146 214 126 205, 738 591, 912 358, 733 632, 542 451, 868 596, 824 332, 551 492, 072 6 473, 988 675, 812 6 1,235, 610 6 2,402, 466 1, 662, 681 2, 459, 913 1, 023, 457 970, 130 987, 222 1, 237, 374 675, 166 699, 165 847, 249 653, 905 1, 446, 864 2, 074, 030 1, 853, 831 2, 676, 208 1, 832, 283 2, 578, 671 1, 711, 747 3, 070, 079 138 395, 583 344 790, 622 227 997, 792 248 1,213,395 3, 893 3,786 3,625 251 184 214 151 220 1,403,392 895, 528 1,293,273 2, 184, 084 111 862, 800 965, 924 1,159,314 2, 753, 279 231 752, 557 697, 679 534, 616 2, 577, 303 82 724, 085 860, 875 630, 909 1, 374, 498 581, 809 813, 932 814, 754 916, 242 Ship- St'ks, Unfilled ments end of orders, end of by truck mo. month 20, 626 i 8,456 12, 319 16, 101 4, 984 17, 940 9,465 20, 819 5,649 17, 435 7,690 12, 151 8,302 10, 996 9,870 15, 626 18, 178 16, 923 10, 597 9,094 9,877 12, 344 8,613 10, 240 8,953 6, 286 10, 838 1, 475, 275 1, 794, 937 1, 853, 125 1, 411, 589 371, 689 431, 569 308, 803 504, 087 182 208 172 172 i Pro- Shipduc- ments by tion rail Thousands of brick 3, 678 3,824 3, 936 3,443 3,406 4,437 3, 456 4, 708 4,672 4,807 4,548 SAND-LIME BRICK « Sets 192 54,888 ^5?217 57,188 1325 month! v average 1P2Q monthly average May June „ July August Purchases PLYWOOD i 3, 545, 455 2, 993, 355 3, 069, 088 2, 977, 129 6,663 4,890 6,363 3, 695 7,311 20, 695 6,855 23, 446 7,613 18, 526 8,770 24, 200 18, 651 19, 325 18, 150 7,701 i 1 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. 2 Compiled by prorating the weekly reports of the Wirebound Box Manufacturer's Association from 11 members, estimated to represent about 80 per cent of the industry concerning their purchases and receipts of rotary-cut veneer for the manufacture of wire-bound boxes. Details by sizes and sources are given in the association reports. 8 Compiled from reports of the Tight Barrel Circled Heading Manufacturers' Association, the association's weekly reports being prorated to 100 per cent of the industry and combined into monthly figures. The original data are reported by from 7 to 11 firms each week, estimated to cover from 63 to 91 per cent of the industry. Data on stocks and unfilled orders are as of the Saturday nearest the end of the month. Details by kinds of sets are presented in the association's weekly reports. From the rough headings are produced the finished sets. Stocks include both sold and unsold goods. 4 Compiled by -Rock Products from reports of 14 firms from May through August, believed to represent about one-half of the production of sand-lime brick in the United States and Canada. In September and November 17 firms reported, October 20 firms, and December 23 firms. The 1926 averages are based on total figures for the 5year by 23 firms. Four months' average, September to December, inclusive. 6 Three months' average, October to December, inclusive. 7 Eight months' average, May to December, inclusive. Table 48.—NATIONAL ADVERTISING IN NEWSPAPERS1 YEAR AND MONTH Auto- Auto- Cigars, cigamobile mobile rettes, adver- accesand tising sories tobacco Total Financial Food, Musigrocer- Hotels Household Men's cal and cloth- instruies, bever- resorts furaiing ture ments ages Radio and electrical Ballroads and steamships Shoes Toilet articles WoMisand cellamedical mens* neous wear preparations Thousands of lines 1925 mo. av.2 1926 mo. av 24, 730 29,034 4,624 5,912 1,259 1,526 1,435 2,354 932 867 6,563 3,682 530 429 592 589 331 323 154 207 1,294 1,448 1,748 1,991 217 175 4,289 5,358 158 154 3,409 3,936 1928 January February March April 24,543 27, 339 32, 766 32, 609 6,063 6,327 6,827 6,193 760 507 845 1,275 1,621 2,084 2,003 2,850 1,153 823 1,154 925 2,610 2,557 4,409 4,920 413 262 279 383 150 251 681 1,261 30 81 369 492 86 223 244 124 1,310 1,316 1,242 872 1,401 1,221 1,239 2,119 56 56 240 287 5,905 7,137 8,504 6,005 26 63 293 336 2,959 3,431 4,437 4,567 « 34, 219 31, 664 26, 383 26, 426 6,654 5,438 5, 904 8,200 2,489 2,510 2,086 1, 857 2, 715 2,786 2,447 2,552 708 918 895 505 5,016 4,859 3,730 2,999 658 965 724 385 1,010 555 281 284 617 596 189 57 134 96 83 68 915 1, 024 685 835 2,948 3,174 2,442 2,065 285 157 53 32 5, 084 4,294 3, 758 3, 369 204 83 33 44 4,782 4,209 3,073 3,174 September October November December 28, 875 32, 098 29, 977 29, 513 6,411 6,098 4,338 2,486 1, 867 1,396 1,352 1,372 2,442 2,124 2,875 1,748 741 784 865 927 3,229 3,983 3,591 2,281 188 219 281 395 799 1,089 463 247 353 458 377 261 191 321 416 501 1,698 2, 367 2,480 2,628 1,584 1,665 2,060 1,972 218 228 223 269 4,197 6,345 6,464 3,231 186 317 171 97 4,771 4,704 4,021 3,098 May June July.. August 1 „...„ 1 Compiled by Printers' Ink Monthly, showing the amount of national advertising of various classes appearing in newspapers of 44 identical cities, National advertising is believed to represent from 15 to 20 per cent of the total advertising appearing in newspapers. 2 Seven months' average, June to December, inclusive* 73 Table 49.—GLASS AND CHINA PLUMBING FIXTURES POLISHED PLATE GLASS (2) ILLUMINATING GLASSWARE 1 Unfilled New Ship- or- St'ks, Ratio orders end ments ders, mo. Total to caend pacity mo. No. of turns 1920 mo 1921 mo 1922 mo. 1923 mo. 1924 mo. 1925 mo. 1926 mo. Production Production YEAR AND MONTH av av av av av av av Per cent of capacity Production Unfilled St'ks, Net Net Ship- orders, Ratio orders end orders ments end Total to camo. received pacity mo. Thous. Thous. gross so., ft. No. of weeks' supply 4,465 6,390 7, 422 7,630 9,769 10, 738 P.ct. Thous. of gross 4,021 3,112 3, 385 50.1 41,6 44.5 50.7 42.1 44.7 50.5 40.0 44.2 3.2 2.8 2.3 6.7 8.4 7.0 1924 September October November. . December 2,742 3,494 4, 574 2,492 37.7 45.7 51.0 43.6 48.7 45.8 43.5 42.2 44.3 48.3 45.5 39.5 3.0 2.4 2.9 2.8 8.2 6.6 8.4 8.5 6,948 8, 154 7,821 7, 878 1935 ' January February March . __ _ April ..__ 3,200 3,913 4,330 2,901 38.7 52.0 55.5 38.7 38.9 50.0 51.0 43.0 39.4 45.1 48.7 41.9 2.8 3.2 2.0 2.0 8.5 8.9 7.0 6.8 8,674 8,588 9, 774 9,848 May June July August 3,050 3,556 2,298 2,637 40.4 48.4 30.4 34.7 45.1 49.2 35.6 41.8 43.6 46.8 34.4 38.7 2.2 2.3 2.2 2.3 6.6 6.7 6.4 6. 3 9,812 9,885 9,928 10, 328 September 3,707 October __ _ . 4,841 2,571 November 3,612 December 50.1 51.0 46.1 48.2 45.9 50.6 47.3 37.6 47.8 51.9 47.3 44.4 2.3 2.1 2.1 1.9 6.5 6.5 6.5 6.7 10, 297 10, 714 9,889 9,506 1,940 2, 206 2,012 2,055 73.8 77.6 79.7 75.1 2,373 2,510 2,543 2,105 2,078 1,982 1,648 1,532 7,090 7,301 8,378 8,794 1936 January February March April 2,975 2,998 3,517 3,575 38.0 41.8 43.9 47.1 40.8 45.9 45.3 42.4 38.3 42.2 42.9 43.9 1.4 1.1 1.1 1.0 6.3 6.3 6.4 6.3 10, 729 10, 544 11, 617 10, 726 2,005 1,834 1,977 2, 051 73.3 72.6 68.3 74.2 2,804 2,166 2,290 1,663 1,704 1,744 2,056 2,179 May June July August 3, 123 3,171 1,494 2,050 42.8 41.7 25.0 29.8 45.9 47.9 36.3 42.8 41.3 45.6 34.5 36.9 1.3 2.5 1.8 1.9 6.0 4.7 3.8 3.5 11,029 12, 525 10, 748 11, 274 2,130 1,988 2,016 2,038 76.5 70.0 71.0 71.7 1,754 1,862 1,935 1,642 September October November December 3,193 47.0 43.7 46.3 1.4 3.4 11,431 11, 186 9,705 7,344 2,009 2,321 2,143 2, 045 72.2 79.7 72.3 69.0 2,237 2, 421 2, 553 2,414 1937 January February March April VITREOUS CHINA PLUMBING FIXTURES * GLASS CONTAINERS 3 82,053 2,046 «76.6 72.6 52,383 2,145 51,805 1,987 Stocks, Ship- Unfilled orders, end mo. ments end mo. Number of pieces 67,891 64,911 8,751 5,607 6223,783 258, 104 6238, 280 6439,986 0343,201 250, 295 513, 298 492, 186 196, 727 204, 117 259, 877 272, 828 509, 763 281, 106 441, 052 285, 684 4,295 4,669 5,064 5,614 181, 544 212, 829 288, 986 258, 495 236, 187 240, 318 190,066 230, 404 386, 409 300, 906 358, 920 350, 926 457, 840 405, 716 485, 931 434, 865 9,654 10,017 10, 116 9,522 5,906 5,982 5,915 5,781 271, 957 230, 639 243, 499 188, 227 230, 507 227, 924 268, 792 219, 843 527, 381 444, 664 530, 096 443, 043 504, 803 472, 199 473, 187 507, 807 2,381 2,288 2,117 2,022 8,918 8,116 7,232 7,640 5,543 5,276 5,138 5, 145 235, 768 331, 163 259, 576 376,060 255,018 304, 140 266, 959 270, 876 453, 937 559, 082 480, 960 517, 308 473, 577 504, 452 578, 761 498, 687 2,- 088 1,980 1,693 1,592 7,672 7, 958 8,714 9,453 5,054 5,408 5,822 6,315 234, 898 151, 403 406, 305 167, 752 288, 195 257, 637 207, 452 206, 199 524, 079 417, 845 616, 698 578, 251 469, 706 495, 900 523, 338 470, 009 .. May June _„_„ i II 1 Data from biweekly reports of from 9 to 11 firms to the Illuminating Glassware Guild, estimated to represent from 70 to 75 per cent of the capacity of the industry, with capacity ranging from 4,500 to 7,000 turns per month. A turn is a four-hour working period for one shop. Production data originally reported by firms with a biweekly capacity off rom 2,256 to 3,463 turns, have first been prorated to the equivalent production of a capacity of 3,500 turns per biweekly period; these figures have in turn been reduced to monthly data by combining and prorating the overlapping periods. Data given in percentages of capacity are averages of either two or three biweekly periods from the association reports. Stocks and unfilled orders have been reported by capacities ranging from 1,891 to 3,098 turns biweekly, but as they are expressed in weeks' supply, they are comparable without prorating. Data from 1923 on actual production, stocks, and unfilled orders appeared in the July, 1926, issue (No. 59) p. 25. The 2association reports give details by classes of shades, reflectors, bowls, and globes in number of turns. Compiled by Plate Glass Manufacturers of America, comprising practically the entire industry. Monthly data from 1923 appeared in January. 1926, issue (No. 53), p. 23. 3 Data from the Glass Container Association, covering 41 manufacturers of glass containers with an annual productive capacity of 32,000,000 gross, or about 83 per cent of theindustry. Details by classes are shown in the association's report. 4 Compiled by 17. S. Department of Commerce, Bureau of the Census, from reports of 33 manufacturers, covering most of the firms making vitreous chinaware which in regular practice is connected with a drainage system. The figures represent regular selection (formerly grade A). Details by classes are given on press releases, showing also culls, the classification including siphon j ets, 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. 8 Four months' average, September to December, inclusive. 6 Six months' average, July to December, inclusive. 74 Table 50.—BUILDING BRICK, TILE AND TERRA COTTA UnBurned burned Number 1919 monthly average _ 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average _ _ 1924 monthly average 1925 monthly average 1926 monthly average _ . 1934 September October November December - Shipments Unfilled WholeProsale orders, price, ducend of red, month N. Y.« tion Dolls, per thous. Thousands of brick Thous. of sq. ft. Thous. Thous. of dolls. of sq.ft. $15. 96 21.85 57 23 20 20 17 251, 949 187, 856 6 46, 687 224, 962 64, 918 275, 946 57, 340 68, 597 279, 504 22 18 24 48 272, 172 312, 061 319, 585 354, 477 31 26 16 6 129, 024 158, 524 129, 573 231, 063 344, 580 281, 735 281, 751 15.25 17.36 19.81 17.04 14.70 16.19 61, 150 44, 543 49, 596 51, 162 111, 846 135, 806 126, 945 118, 759 226, 529 186, 977 179, 225 202, 906 279, 862 305, 831 287,800 281, 858 23, 951 34, 891 43, 446 71, 266 94, 185 110, 790 170, 697 206, 551 9 5 12 7 239, 389 225,451 227, 306 265, 897 67, 480 82, 987 92, 267 89, 608 12 18 21 43 338, 857 306, 588 279, 188 316, 023 32 30 17 6 Short tons FACE BRICK * Thous. of dolls. Shipments YEAR AND MONTH Stocks, end of month ARCHITECTURAL TERRACOTTA Shipments Stocks, BOOKINGS 3 end of Quan- Value month Quan- Value tity tity FLOOR AND WALL TILE 2 Production Plants closed down COMMON BRICK 1 UnSt'ks, filled end orders, of of mo. end mo. Thousands of brick 5, 252 5,629 5,930 10, 524 10, 556 11, 937 13, 965 13, 306 $652 895 743 1,163 1,348 1,288 1,683 1,605 591 691 666 723 722 511 616 616 660 667 1,544 1,740 1,576 1,736 2,178 859 1,244 956 966 1,007 4,235 4,490 3,678 4,476 $1,246 1,613 7,659 7,843 14.00 14.00 13.50 13.50 4,090 4,404 3,882 3.859 3,770 4,047 3,289 3,042 1,308 1,462 1,170 1,134 7,533 7,821 7,910 8,964 11,471 9,526 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 1,803 808 781 716 644 201, 479 247, 176 329, 673 339, 629 14.50 14.50 13.50 13.50 3,606 3,708 4,014 3,859 3,031 3,270 3,891 4,260 1,085 1,162 1,357 1,503 9,090 9,358 9,506 9,076 12, 809 11,429 14,849 17, 875 1,434 1,306 1,675 2,073 548 508 670 777 283 436 732 902 1,801 2,068 2,034 1,769 728 949 1,091 1,140 180, 851 173, 215 180, 407 159, 309 333,967 326, 226 292, 775 301, 913 15.00 15.50 15.50 15.37 4,162 4,408 4,508 4,809 4,315 4,526 4,839 4,867 1,544 1,625 1,725 1,788 8,308 7,389 7,194 6,624 10,376 14,964 10, 774 15,450 1,287 1,806 1,392 2,002 833 817 837 812 890 875 822 733 1,688 1,589 1,503 1,477 1,200 1,153 1,007 892 104, 066 86, 164 64,090 62, 947 171, 830 172, 542 144, 127 137, 788 252,511 262, 534 239, 636 253, 490 14.75 14.75 14.75 14.75 5,092 5,313 5,139 5,259 5,178 5,470 5,013 5,050 1,892 2,029 1,761 1,886 6,677 6,606 6,703 7,569 18, 555 12, 341 13,864 14,297 2,156 1,607 1,696 1,763 723 823 683 640 681 651 504 409 1,522 1,693 1,713 1,978 929 903 835 770 324, 203 355, 139 339, 392 265,093 58, 339 60, 014 69, 597 61, 934 108, 688 110, 866 150, 485 146, 431 259, 158 262, 481 280, 612 277, 412 16.00 17.00 17.00 17.00 4,957 4,829 5,524 5,242 4,289 4,165 4,867 5,084 1,620 1,564 1,817 1,832 7,529 7,592 8,359 8,246 13, 342 10, 742 15,617 18,924 1,645 1,402 2,046 2,322 584 476 648 752 351 373 628 798 2,310 2,322 2,443 2,337 912 1,031 1,032 1,334 4 2 5 4 250, 849 193, 246 218, 348 249, 271 77, 178 46, 310 58, 652 59, 103 192, 065 149, 170 140, 623 135, 090 265, 435 220, 078 234, 164 211, 141 17.00 17.00 17.00 17.00 5,374 5,646 5,716 5,708 4,964 5,406 5,401 5,885 1,847 2,015 2,048 2,196 8,518 8,276 8,725 8,473 12,338 10, 581 17, 613 12, 734 1,609 1,378 2,165 1,491 780 836 859 855 896 895 823 780 2,082 2,028 2,040 2,011 1,257 1,130 1,147 985 18 16 21 284, 021 286, 952 451, 563 67, 658 68, 388 182, 716 118, 537 135, 824 217, 740 216, 289 213, 092 274, 850 16.00 15.50 12.25 15.50 5,304 5,817 5,457 5,625 5,242 4,970 2,069 1,987 1,895 8,258 8,386 8,460 11,520 15, 151 10, 690 10, 414 1,247 1,579 1,221 1,155 792 753 716 610 722 861 542 338 2,132 2,084 2,104 2,241 979 863 741 673 1985 January February March April - - May June July August - - September October November December - - - __ _ - 1936 January February March April ... "Misiy _ June July August September October November December 1937 February March April May. June * 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. 8. Department of Commerce, Bureau of the Census, from data reported by 37 concerns which produced about 80 per cent of the total production of floor and wall tile in 1923, including the entire membership of the Associated Tile Manufacturers. Details by grades and kinds are issued each month in mimeograph form. a Bookings of architectural terra cotta are compiled by the U. 8. Department of Commerce, Bureau of the Census, from the reports of 27 manufacturers who produced over 95 per cent of the total architectural terra cotta made in 1922. Values exclude freight, cartage, duty, and setting charges. Monthly data from 1919 are given in the October, 1924 issue (No. 38), p. 52. Details by districts are given in the press releases. 4 Data compiled by American Face Brick Association, representing averages per plant in order to allow for the variation in number of firms reporting. About 70 firms usually report. Monthly data from 1922 appeared in January, 1926, issue (No. 53), p. 22. * Wholesale prices are monthly averages from U. S. Department of Labor, Bureau of Labor Statistics, yearly price averages from 1913 to 1918 appeared in the November, fl ' Eleven month's' average, February to December, inclusive. 75 Table 51.—CEMENT, HIGHWAYS, AND PAVING BRICK CONCRETE PAVEMENTS PORTLAND CEMENT 1 Wholesale New orders 2 price, net, Pro- Ship- Stocks, without bags YEAR AND MONTH duc- ments end of tion month Chi- Lehigh cago Valley Total Roads dist. mills Thousands of barrels Per barrel av av av av av av 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 $1.01 .89 .95 1.19 1.53 1.67 1.66 $0.89 .89 .79 1.03 1.40 1.75 1.74 mo av mo av mo av mo. av mo. av mo. av mo. av. 8,306 8,191 9,489 11,448 12,405 13, 434 13, 671 7,999 7,921 9,714 11, 324 12, 146 13,060 13,482 7,278 10, 161 9,572 9,258 13, 178 16, 055 18, 792 1.80 1.54 1.61 1.72 1.74 1.73 1.65 2.05 1.85 1.73 1.88 1.75 1.75 1.72 1935 5,162 8,856 January February. ._ __ 8,255 6,015 11, 034 10, 279 March 13, 807 14, 394 April 17, 656 19, 689 20,469 19,877 1.74 1.75 1.75 1.75 1.75 1.75 1.75 1.75 1913 mo 1914 mo 1915 mo 1916 mo 1917 mo. 1918 mo 1919 mo 1920 1921 1922 1923 1924 1925 1926 FEDERAL AID HIGHWAYS 3 Under construction Completed Cost Thous.ofsq.yds. Thous.of dollars PAVING BRICK * Pep cent Production Distance of caCan- Unfilled Ship- Stocks, orders, pacity New cellaend of orders end of ments month tions month Thousands of brick, No. 1 quality (No.l and No. 2 brick) 631,495 a 27, 123 7 78, 929 « 24, 699 82,207 7 86, 763 24, 620 20, 957 99,588 21,485 957 71, 115 27, 793 21, 279 116, 391 22,616 1,258 63,627 22, 593 21, 866 99, 594 22,866 842 63.807 «80 70 74 58 Miles 4,455 «3,435 3,264 4,686 6,595 6,580 7,679 8,681 8,942 2,454 3,662 4,863 4,245 4,842 5,328 5,095 $15,472 10, 799 17,084 18,410 17, 876 937 606 853 862 787 14, 458 14, 529 14,637 12, 187 10,890 4,513 3,474 5,047 3,787 8,502 5,772 17, 363 12, 463 30,665 1,160 .11, 206 616 254 4, 159 15, 383 686 12, 759 12, 345 12, 388 12, 231 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 May 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 14, 332 767 27,520 1,335 11,038 581 19, 584 956 12, 583 12, 536 12, 276 11, 839 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 September October November December 15, 939 15,992 13, 656 10, 713 17, 711 15, 309 10, 187 6,917 10, 247 10, 979 14,534 18, 515 1.75 1.70 1.65 1.65 1.75 1.75 1.75 1.75 9,730 6,135 3,488 5,244 4,087 3,711 1,718 2,491 22, 395 1,177 12, 186 12, 255 535 12, 187 31, 822 1,188 11, 935 20, 561 1,094 10, 978 30, 072 28, 935 23, 611 21, 302 29, 773 104,286 28,482 99,567 17, 869 101, 915 10, 788 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 1936 January February March April 7,887 7,731 . 10, 390 12,440 5,674 5,820 9,539 12, 965 20, 582 22, 385 23,236 22, 710 1.65 1.65 1.65 1.65 1.75 1.75 1.75 1.75 3,629 5,012 7,938 13, 563 2,161 2,727 4,663 8,758 12, 110 11, 837 8,535 9,981 10,838 10, 803 10, 690 10, 851 19, 329 20, 170 22,642 22,496 10, 237 9,896 10, 996 16, 491 111,431 115, 977 123, 997 128, 137 11,454 12, 984 21, 805 18, 358 344 151 18 749 48, 722 51, 573 63, 364 64,081 50 52 57 57 May Jun0_ July August 16, 510 16, 866 17, 134 16,995 17, 973 19,134 18, 812 18,583 21, 255 19,000 17, 301 15, 718 1.65 1.65 1.65 1.65 1.75 1.75 1.75 1.75 14,008 10, 750 10,856 13,249 8,911 6,948 5,663 6,594 23, 311 968 10, 843 22, 709 1,341 10, 961 605 11, 100 13,520 19, 275 890 11, 147 21, 103 26, 342 27, 611 30, 481 22,645 123,808 30, 312 115, 971 37, 443 101, 243 34,803 92,479 30,296 35, 451 41, 761 34, 266 302 3,396 392 1,261 71, 430 75, 283 78, 947 77, 149 49 63 71 78 September October November December 16, 571 16, 596 14, 193 10, 744 18, 087 17, 486 11, 276 6,432 14, 188 13, 334 16,243 20, 555 1.65 1.65 1.65 1.65 1.65 1.65 1.65 1.65 8,378 7,528 5,595 6,797 3,736 4,224 3,231 3,518 15, 222 668 11, 309 21, 948 1,090 11, 607 29,768 1,128 10, 478 951 10, 047 26, 298 25, 385 23,224 18, 516 13, 815 31, 330 26, 852 20, 711 10, 681 24,663 20, 712 12, 874 10, 003 128 255 2,999 109 70, 350 62, 474 51, 606 50, 701 66 61 53 36 386 492 430 495 82, 220 70, 857 63,207 65,800 1927 January „.._ February _ . » March April _ _ May June 1 Data on Portland cement, representing complete reports of manufacturers, are from the U. S. Department of Commerce, Bureau of Mines, except prices, which are averages of weekly prices reported by the U. S. Department of Labor, Bureau of Labor Statistics. The cement industry is highly seasonal and its figures should be compared with corresponding months of previous years rather than with other months of the current year. Detailed data by months back to 1915, with an 8-year average for each month which can be used for seasonal comparisons, will be found in the September, 1923, issue (No. 25), p. 47. Monthly price data from 1913 appeared in December, 1923, issue (No.J 28), p..54. Concrete pavements contracted for throughout the United States are from the Portland Cement Association, Highway Bureau. The total contracts include streets and alleys besides roads. a Data on amount of Federal aid highways completed during each month and under construction at the end of month specified are compiled by the V. S. Department of Agriculture, Bureau of Public Roads, and include all kinds of improved roads built with Federal aid. Federal-aid roads represented about 45 per cent of the total mileage of roads unproved by the States in 1925, while Federal-aid grants amounted to about 20 per cent of the costs of the Federal-aid roads shown above. The data on roads completed represent all roads reported as such to the Bureau of Public Roads, whether paid for or not. Monthly data from 1922 appeared in the July, 1926, issue4 (No. 59), p. 24. Compiled from reports of the Paving 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. c 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. 76 Table 52.—WOOD DISTILLATION1 ACETATE OF LIME YEAS AND MONTH METHANOL (CRUDE) i«% Ship- Stocks, of Ex- 2 0-3s5 ments end mo. ports Production e ^ »i Production Shipments Dolls, per cwt. Thousands of pounds Stocks, end of mo. 652, 021 324, 504 567, 409 716, 144 574, 799 638, 145 635, 563 666, 718 591, 531 671, 280 2, 749, 407 8,494,877 2, 110, 722 1, 693, 459 Dolls, per gal. 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 8,561 9,261 7,058 11, 101 33, 986 32, 291 23, 757 19, 764 3,249 3,184 3,196 728 3.00 3.00 3.00 3.00 623, 107 492, 902 408, 132 444, 612 659, 564 472, 285 448, 022 525, 756 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 1935 January February March __ _ _ April 13, 081 11, 906 12, 827 13,033 10, 248 10, 126 11, 415 9, 443 21, 233 23, 072 25, 149 28, 823 1,995 999 1,098 1,639 3.00 3.00 3.00 3.00 May __ June July August . 12, 802 11, 262 11, 803 12, 422 13, 335 15, 362 12, 182 11, 722 28, 337 24, 092 23, 737 22, 988 1,815 1,498 2,457 1,231 September October November. December 12, 117 12, 588 13, 324 14, 369 13, 707 14, 048 12, 926 17, 711 20, 882 18, 979 19, 406 15, 711 1930 January February March April 14, 072 12, 599 13, 960 13, 901 11, 240 10, 358 9,887 11, 349 May* June July August 13, 151 10, 937 10, 690 11, 845 11, 406 13, 575 13, 829 73, 768 120, 489 26, 231 32, 188 .88 .88 .88 .88 78,892 73, 541 78, 661 74, 596 2, 615, 144 2, 368, 760 1,873,932 1, 797, 729 60, 651 51, 125 50, 462 77? 547 .75 .74 .65 .68 578, 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, 310 648, 709 615, 306 663, 665 671, 878 654, 369 594, 281 582, 665 595, 988 1, 459, 231 1, 520, 489 1, 870, 472 1, 821, 024 2.88 2.75 2. 75 2.75 656, 751 587, 271 622, 863 600, 188 624, 215 596, 291 621, 134 673, 081 1, 340 426 4,571 2,970 2.75 2.75 3.00 3.13 577, 930 613, 886 676, 987 722, 331 18, 625 20, 881 24;870 27, 629 1,286 615 2,251 503 3.25 3.25 3.25 3.25 13, 162 11, 999 14, 252 13, 979 27, 789 25, 573 22, 068 19, 857 1,893 2,235 1,909 2,902 11, 025 15, 628 15, 298 23, 043 17, 505 16, 218 1, 392 1,125 1,797 675 ____ 13,420 13, 173 14, 107 12, 650 9,022 8,548 9,028 12, 460 11, 539 9,398 7,714 8,112 35, 836 14, 269 23, 537 22, 701 ! Total Re- Shutport- down ing Cords 829, 227 826, 847 942, 884 794, 744 715, 690 6-46, 454 13, 683 .13, 424 9,819 12, 686 1 DAILY CAPACITY Stocks, end of mo. 78, 580 34, 177 64, 286 80,787 61, 577 68, 303 12, 421 4,885 10, 445 13, 700 10,751 12, 628 5,629 5,448 5,391 5,339 4,687 4, 719 4,083 626 4, 585 2, 771 5,217 1,890 5,171 1,183 4,038 681 4, 425 759 786, 174 814, 896 815, 824 849, 991 4,633 4,833 4,633 4,633 4, 513 4,495 4,513 4,378 67, 841 53, 594 48, 536 47, 198 866, 518 821, 242 623, 940 683,715 4,609 4, 609 4,609 4,609 4,339 698 4,156 1,199 3,580 928 3,544 969 .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 56, 760 39, 625 63, 343 34, 321 .68 .68 .68 .68 71, 130 62, 880 68, 848 71, 057 636, 379 633, 006 677, 725 685, 430 4,747 4,747 4,747 4,827 4,280 4,280 4,4884,568 339 363 381 591 1, 871, 609 1, 866, 632 2, 056, 207 1, 829, 218 39, 342 17, 853 28, 447 9,881 .58 .58 .58 .58 68, 935 63, 040 66, 023 65, 811 695, 460 675, 707 584, 782 644, 882 4,827 4,827 4, 659 4,659 4,568 4,568 4,436 4,388 849 987 935 921 670, 318 845, 975 783, 541 813, 504 1, 727, 270 1, 500, 328 1, 422, 961 1, 373, 068 15, 320 19, 558 10, 643 73, 092 .58 .58 .58 .58 65, 485 66, 336 72, 988 77, 101 620, 944 603, 632 575, 987 723, 511 4,659 4,659 4,635 4,635 4,388 969 4,388 1,095 4,388 841 4,388 841 724, 649 655, 938 709, 653 735, 182 675, 698 842, 609 643, 670 592, 199 1, 472, 508 1, 278, 448 1, 370, 680 1, 559, 769 70, 254 39, 270 62, 139 26, 794 .58 .58 .57 .55 75, 463 69, 922 76, 478 78, 083 517, 714 508, 355 504, 501 485, 417 4,524 4,464 4,464 4,464 4,301 4,241 4,241 4,241 3.25 3.25 3.25 3.25 646, 024 540, 076 527, 842 564, 037 620, 572 786, 250 779, 613 755, 252 1, 528, 433 1, 289, 362 1, 009, 393 735, 557 16, 001 37, 811 19, 317 43, 350 .55 .55 .56 .70 71, 324 61, 115 59, 437 64, 487 488, 722 465, 361 481, 836 480, 878 4,464 4,424 4,424 4,328 4,277 462 4,237 664 4,237 1, 187 4,141 691 3.25 3.25 3.38 584, 225 684, 575 695, 865 685, 560 672, 521 891, 186 592, 217 534, 067 555, 290 38, 779 24, 977 29, 869 8,704 .78 .74 . 75 63, 923 71, 781 72, 431 470, 729 465, 964 461, 642 4,252 4,252 4,252 4,065 4,065 4,113 ! 1934 January February March April May June July August -_ ._ . __ ._..... . September October. _. . November December 1937 January Februarv__ _._ March „ April „ „ May June g"B, Carbonised 58,589 $2.56 34, 343 .80 105, 860 1.64 100, 585 1.06 53, 386 .76 .61 34, 015 34, 047 average average. average _ average. average. average. average. September October November December Exports 3 111 Gallons 1, 942 $2.78 1,520 1.87 2, 300 2,26 1,829 3.84 1,926 3.27 1,837 2.90 1,549 1920 monthly 1921 monthly 1922 monthly 1923 monthly 1924 monthly 1925 monthly 1926 monthly WOOD 630 408 | 382 1 488 694 634 422 426 556 464 390 1 .. 1 Except for prices and exports, data are compiled by the If. 8. 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 Bureau of the Census also give Canadian figures, beginning with2 1925. Exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. s Wholesale prices representing monthly averages from U. S. Department of Labor, Bureau of Labor Statistics. 77 Table 53.—METHANOL, ETHYL ALCOHOL, AND STEAM NAVAL STORES METHANOL ' STEAM NAVAL STORES 1 Wood Wood rosin Wood turpentine AND MONTH Consumption Tons Pro- Stocks Pro- Stocks Producat duc- at duction plants tion plants tion Bbls. oi50Glbs. Crude for refining Pine oil YEAR j ETHYL ALCOHOL 3 Consumed Stocks at plants 1 United CanStates ada Eenned Stocks, refineries, end of month Canada United States Bbls. of 50 gals. Production Stocks, end of month Produced United CanStates ada United CanStates ada Gallons \ Thousands of gallons 4 1913m. a 19 14m. a 1915m. a 1916m. a 1917m. a 1918m. a 1919m. a 6, 581 6, 573 4 6, 758 4 15,232 4 17,632 4 12?532 4 8, 180 4 I 1 f 1j 1920m. a 1921m. a j 1922m. a 1923m. a 1924m. a 1925m. a 1926m. a 23, 885 27, 213 35, 449 22, 746 4,883 5,219 8,144 3,156 161, 550 195, 166 654, 06S 407, 587 1935 Jan Feb . Mar Apr 20, 789 20, 630 24, 030 24, 676 45, 349 42, 633 43, 433 46, 255 4,396 4,775 5,263 5,516 12, 390 12, 262 12, 460 11, 098 150, 769 152, 793 162, 400 165, 744 560, 225 553, 417 569, 909 581, 169 581, 181 37, 928 1, 786, 150 65, 643 474, 701 May June July Aug____ 25, 895 25, 202 25, 101 24, 305 42,017 45, 707 45, 387 40, 676 4, 852 8, 400 4, 898 9, 454 5,008 8 ? 354 5,004 7, 118 164, 351 153,356 156,017 170,458 664, 355 661, 410 693, 845 7G8, 813 589, 223 26, 465 480, 057 17, 493 646, 490 21, 641 622, 570 None. 1, 869, 677 1, 461, 989 1, 544, 175 1, 468, 549 58, 648 55, 475 42, 944 42, 077 Sept Oct . Nov Dec 23, 249 21 446 23, 959 24, 095 27, 039 4,355 4,454 180, 372 16, 306 4,498 3,118 174, 890 15, 269 4,787 3,506 165, 347 15, 319 5, 240 5,113 142, 107 697, 988 713, 673 719, 726 724, 292 619, 782 907, 452 810, 607 771, 827 22, 188 12, 200 40, 895 47, 391 1, 365, 088 19, 889 1, 084, 365 36, 606 858, 301 33, 186 792, 357 15, 300 1926 Jan Feb Mar Apr 20, 470 18, 945 24, 145 22, 920 16, 431 21, 699 39, 329 27, 963 135, 135 674,097 125, 247 645, 441 173, 465 598, 459 158, 149 565, 416 731, 466 691, 730 756, 346 633, 731 32, 574 39, 570 30, 561 28, 072 656, 565 40, 096 685, 995 29, 478 750, 480 33, 089 850, 999 22, 451 596, 997 483, 059 559, 505 525, 008 May June July Aug 21,912 23, 495 29, 710 32, 800 24, 824 4,570 19, 079 4,633 24, 382 5,356 17, 424 5,483 2,310 148, 592 2,218 212, 021 2,998 215, 706 2,765 222,002 503, 780 302, 853 319, 588 278, 487 802, 337 28, 537 963, 093 13, 379 337 880, 196 714, 658 None. 876, 428 600, 780 279, 202 351, 409 23, 827 20,664 33, 827 33, 651 477, 559 27, 460 652, 692 12, 670 685, 201 None. 560, 806 None. Sept.... 42, 439 Oct 46, 566 46, 686 Nov Dec_- - 31, 768 34, 161 33, 373 32, 864 13, 555 5,604 17, 702 6,046 22, 831 6,612 27, 736 6,499 3,837 228, 833 3,426 263, 696 3,773 238, 322 4,911 220, 827 249, 974 259, 670 239, 017 254, 259 820, 504 776, 430 725, 852 164, 363 151, 326 144, 136 31, 853 30, 293 18, 947 663, 251 585, 122 577, 718 _ __ 4,362 3,468 3, 930 2,670 4,934 2,706 4,595 2,785 7 669,910 7 25,133 27, 685 30, 222 38, 884 7 1,356,739 7 With- Waredrawn house for dena- stocks, end of turi- month zatlon 41,085 _ 7 515,262 7 24,202 7 1, 413 5 3, 014 1, 484 5 2, 495 4 2, 118 5 2, 500 4 7, 044 5 2, 602 4 7, 814 5 3, 657 4 7, 554 5 14,719 4 5, 033 5 6, 403 4 6 ii _ 1 4 593,589 |7 47,019 9, 485 6 4, 398 6,119 3,864 8,137 6,876 9,527 11,234 12, 201 10, 965 16, 190 14, 801 16, 221 14, 995 6 4, 466 7,040 5,074 4,754 3,980 6,463 7,929 68, 477 16, 323 13, 120 12, 592 12, 096 13, 690 9,722 9,682 10, 168 1,932 4,037 5,010 5,983 417, 727 25, 800 375, 040 17, 200 395, 607 20, 700 526, 383 None. 717, 400 50, 344 672, 061 51, 551 556, 561 52, 459 577, 292 32, 007 12, 718 13, 457 13, 143 18, 550 9,971 11, 526 16, 240 16, 823 7, 831 9,038 6,968 7,831 509, 795 21, 185 673, 308 11, 500 656, 641 39, 200 608, 152 45, 555 527, 176 516, 437 496, 792 559, 112 19, 859 18, 021 21, 541 21, 624 21, 235 20, 680 19, 640 19, 463 8,913 7, 411 6,636 5,967 16, 350 12, 765 13, 153 12, 756 17, 712 9,407 9,501 10, 298 3,871 5,801 7,282 8,804 567, 444 81, 259 512, 606 76, 108 585, 301 58, 465 385, 765 42, 994 13, 468 17, 391 17, 225 16, 977 12, 563 18, 847 14, 267 14, 390 8,327 5,734 7,335 8,914 344, 629 44, 303 279, 781 40, 631 235, 516 43, 964 20, 776 20, 530 17, 640 15, 622 17, 338 18,809 18, 696 18, 108 10, 863 11,436 9,913 6,868 36, 680 719, 468 40, 129 32, 443 40, 846 54, 915 31, 545 637, 300 60, 704 38, 070 636, 699 69, 371 29, 140 557,711 72, 629 26, 995 623, 538 75, 276 26, 700 29, 200 37, 500 1937 Jan Feb Mar.... Apr _ May June 1 Compiled by the Hercules Powder Company from reports of 8 firms representing almost the entire output of steam naval stores, from distillation of softwood lumber. 2 Compiled from individual reports of all methanol-refining plants in the United States and Canada by the U. S. Department of Commerce, Bureau of the Census, the following grades of methanol being included: 95 per cent refined, 97 per cent refined, pure, C. P. and denaturing grade methanol. The amounts of crude methanol purchased by refiners are less than consumption of crude in refineries because many refiners have their own crude plants and thus do not have to purchase crude methanol. Canadian refineries all have their own supplies of crude and so no purchase column is shown for Canada. 3 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. £* Fiscal year beginning July 1 of year indicated. 6 Stocks on June 30 of year indicated. 7 Eight months' average, May to December, inclusive. Nine months' average, April to December, inclusive. 78 Table 54.—NAVAL STORES, EXPLOSIVES, AND DYES TURPENTINE Net YEAH AND MONTH receipts (Sports) (') ROSIN Stocks, end of month 3 ports a Sports At stillss 3 Net Whole- receipts sale price 4 (3 ports) (2) Dolls, per gal. Barrels Stocks, end of month 3 ports - 5 ports 3 Wholesale At stills 3 price 4 58, 914 92, 260 98, 905 79, 787 53, 138 54, 092 275, 273 322, 029 323, 461 292, 126 223, 926 $4.82 4.02 3.77 5.80 6.39 10.56 15.16 27, 764 47,707 26, 762 28, 610 38, 567 « 57, 237 6 20, 527 40, 731 48, 573 11, 730 44, 827 50, 831 8,940 1.74 .68 1.15 1.17 .91 1.01 .93 69, 912 65, 939 83,439 97, 575 92, 295 90, 195 91, 426 157, 943 316, 585 308,498 266, 932 250, 478 « 303, 908 6 212, 410 192, 908 104, 733 226, 367 68, 548 145, 074 164, 721 15.29 5.79 5.77 6.01 6.17 10.94 12.41 49, 556 37, 606 22, 831 20, 373 55, 368 43, 138 26, 936 34, 041 10, 014 6,903 6,628 7,596 .93 .94 .92 .96 51, 279 49, 322 50, 137 57, 080 222, 857 199, 896 171, 197 154, 244 261, 801 232, 902 199, 077 178, 794 140, 056 97, 879 66, 589 77, 450 34, 379 42, 146 42, 704 36, 945 26, 761 35,402 44, 957 58, 437 40, 828 39, 517 51, 793 68, 173 8,486 13, 196 11, 936 10, 635 1.06 .99 .97 1.01 106, 424 126, 622 134, 609 122, 022 161,970 210, 059 211,452 202, 247 271, 770 238, 467 238, 522 225, 690 34, 013 26, 367 18, 001 20, 114 48, 149 48, 404 45, 046 51, 247 54, 636 58, 749 57, 650 62,041 15, 992 14, 637 21, 765 12, 969 1.12 1.13 1.12 1.02 115, 023 100, 264 77, 491 92, 070 181, 940 181, 613 196, 939 220, 479 6,512 4,681 3,499 11, 291 44, 907 37, 647 26, 866 24, 619 54, 304 46, 719 30, 470 27, 414 7,303 4,807 6,064 4,821 1.07 1.00 1.00 .97 36, 466 31, 082 20, 196 40, 643 28, 945 42, 503 43, 122 40, 632 26, 719 36, 532 44, 762 58,929 35, 709 40, 751 49, 798 64, 171 5,984 6,546 9,126 11, 471 .86 .87 .88 .95 34, 918 32, 216 25, 885 29, 143 57, 601 57, 370 63, 650 58, 321 62, 281 63, 736 70, 788 63,835 12, 180 13,069 12, 685 13. 228 .92 .90 .89 .86 monthly av_ monthly av. monthly av. monthly av. monthly av. monthly av. monthly av. 26, 494 22, 807 25, 819 23,006 13, 349 15, 481 1920 1921 1922 1923 1924 1925 1926 monthly av monthly av_ monthly av. monthly av. monthly av. monthly av. monthly av_ 21, 131 22, 110 21, 765 26, 515 25,067 24, 319 25, 279 January _. February March April 8,391 6,167 5,907 16, 695 May June July August September October November December 59, 721 71, 562 96, 818 122, 792 55, 481 Production Ship- New Stocks, end of ments orders month Dolls, per bbl. Barrels $0.43 4.47 .46 .49 .49 .59 1.20 1913 1914 1915 1916 1917 1918 1919 DYES AND DYESTUFFS EXPLOSIVES i Exports s Coal tar Vegetable Thousands of pounds 30, 756 36, 762 33, 740 34, 057 31, 080 36,542 34, 340 34, 241 28, 926 35, 174 32, 726 32, 737 16, 316 18, 758 17, 067 17, 346 437 354 264 310 216 696 1,494 1,310 2, 150 2,151 8.24 8.28 8.09 7.95 33, 479 36, 527 34, 211 32, 504 35, 296 34, 074 33, 354 33, 727 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 83, 466 98, 246 105, 709 115, 376 8.91 8.91 9.98 10.89 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 2,205 197, 015 202, 425 221, 273 248, 667 119, 679 112, 915 121, 659 117, 769 14.19 15.88 15.94 14.07 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 18, 649 236 334 306 248 2,512 1,718 1,840 3, 005 199, 121 169, 140 117, 182 94, 035 218, 726 196, 157 137, 263 107, 961 93, 318 78, 704 58, 846 40, 813 14.34 13.33 11.10 8.91 28, 789 33, 886 36, 238 34, 186 30, 075 32, 370 36, 469 34, 284 29, 717 29, 335 34, 266 33, 528 16, 414 16, 777 17, 349 17, 331 215 126 228 165 1,552 1,611 2,925 1,666 85,965 137, 584 143,415 138, 124 85, 026 112, 514 132, 649 131, 636 146, 930 124, 114 144, 325 143, 500 48, 570 51, 585 61, 997 61, 892 8.43 11.19 13.35 14.61 34, 355 37, 492 34, 663 38, 023 35, 378 37, 875 34, 973 37, 174 33, 506 35, 568 34, 909 37, 021 16, 809 16, 458 16, 070 16, 894 135 269 217 558 2, 326 1,661 2, 743 2,449 118, 868 114, 120 107, 801 122, 847 148, 177 158, 210 184, 405 208, 789 158, 039 166, 703 203, 744 229, 189 69, 387 74, 445 90,163 92, 860 14.43 13.86 13.08 12.24 40, 741 40, 670 39, 628 41, 098 40, 951 41, 475 38,348 39, 311 37, 913 16,488 16, 854 15, 126 136 162 209 177 1,883 2,220 2,672 2,104 1925 1926 January February March . | April May June July August... -. September _ October. November December : ' 1 ' 1987 January February March April May June . I _. I i 1 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 manufactureaof other explosives. Detailed data by classes from 1922 appeared in November, 1924, issue (No. 30), p. 107. 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. lof the 3year indicated and thereafter on the calendar year.1 Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 40. Compiled by the Turpentine and Rosin Producers Association. Stocks at stills cover all such stocks in Texas, Louisiana, and Mississippi, 95 per cent of those in Alabama, and a few of the larger places in Georgia and Florida, the producers in these two States generally shipping to the ports as fast as produced. Port stocks include Savannah,4 Jacksonville, Pensacola, New Orleans, and Mobile. Data from the U. S. Department of Labor, Bureau of Labor Statistics, and represent average prices in the New York market. Quotations for rosin cover grades common to good. Monthly data from 1913 appeared in November, 1925, issue (No. 51), p. 22. 5 Average of four months, July, September, November, and December. 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. Table 55.—CHEMICALS [Index numbers for base year in bold-faced type] Index numbers relative to Aug., 1914 SULPHURIC ACID Oils and fats 4 4 Chemicals Crude drugs 3 YEAR AND MONTH Essential oils 3 Drugs and Pharmaceuticals 3 WHOLESALE PRICE INDEXES Relative to 1913-14 ^ 19}g_13 ypo av 1913 mo av 1914 mo. av 1915 mo av 1916 mo av 1917 mo av 1918 mo. av 1919 1920 1921 1922 1923 1924 1925 1926 10O mo. av mo. av mo. av mo. av mo. av mo. av mo. av mo. av 10O 100 201 196 129 120 142 155 157 156 213 265 158 131 135 140 174 170 185 202 134 174 220 208 198 205 1935 May. June July August . 155 156 158 158 151 161 175 171 September October _ November December 158 158 157 157 1926 January February March April, May__ June _ July . August September October November December _,_ 100 100 NITRATE OF SODA 1 POTASH i Production in Chile WholeExports 4 sale 5 price Units Imports reQuantity port- Im- ports FERTILIZER ACID PHOSPHATE ' Stocks, Production end of month Con- sumption Exports 4 Consumption in Southern States 6 Long tons Short tons ing Pounds Dollars per 100 pounds 614, 940 807, 417 1, 098, 015 6, 486, 619 5, 538, 625 5, 293, 578 6, 691, 220 1.00 1.00 1.30 2.00 1.70 1.60 1. 774, 625 2, 415, 612 1, 067, 862 1, 039, 199 686, 981 939, 306 628, 067 768, 701 Metric tons No. of plants Long tons 43, 177 52, 155 45, 143 64, 349 101, 535 128, 601 153, 766 21, 124 22, 291 17, 611 6,305 978 802 1,564 Short tons 103, 391 119, 938 85, 639 30, 647 32, 747 28, 733 18, 713 238, 712 116 1.00 1.12 .91 .76 .73 .71 .70 .73 139, 921 210, 386 109, 629 89, 317 158, 809 200, 266 209, 982 67 99 54 38 69 89 90 33, 955 110, 160 30, 767 45, 039 74, 084 82, 053 92, 901 75, 416 5,230 14, 880 8,739 20, 103 19, 205 19, 088 21, 751 25,304 275, 722 283, 805 1, 177, 544 1, 316, 277 288, 350 274, 400 54, 509 117, 994 74, 620 77, 912 91, 641 89, 216 65, 532 91, 342 411, 678 232, 193 292, 224 360, 412 390, 477 423, 022 424, 422 i i 125 114 113 142 139 155 192 191 187 190 113 112 111 112 153 154 153 158 669, 293 660, 490 354, 548 440, 954 .70 .70 .70 .70 191,443 192,924 215, 393 224, 587 86 90 92 93 135, 169 59, 016 68, 791 92,082 7,757 13, 803 25, 954 21, 041 231, 470 239, 301 247, 092 212, 687 527, 259 716, 709 937, 662 881,339 119, 825 56, 319 26,568 86, 727 123, 813 94. 805 120, 171 94, 089 120, 942 37, 231 13,973 60, 272 179 191 215 225 196 195 191 192 113 113 113 113 156 158 156 156 478, 168 382, 780 408,050 581,442 .70 .70 .70 .70 206, 745 227, 240 234, 319 240, 000 92 88 91 91 56, 764 48, 587 73, 892 43, 018 29, 451 17, 455 19, 646 26, 894 241, 390 271, 486 257, 956 344, 591 1, 070, 406 1,147,900 1,317,618 1, 609, 639 250, 034 182, 524 113, 143 156, 188 110, 558 87, 568 65, 260 125, 423 133, 247 117, 572 56, 248 110, 640 156 156 156 156 218 202 192 179 193 200 205 204 114 112 112 113 155 149 152 149 996, 662 667, 579 1, 324, 657 1,029,287 .70 .70 .70 .70 235,000 220, 000 228,000 216, 362 89 88 79 75 103, 627 156, 354 171, 929 124, 370 28, 365 25, 632 38, 856 24, 827 438, 213 336, 150 346, 182 298, 227 2, 394, 242 2,140,710 1, 544, 347 1,081,293 192, 059 559, 345 952, 797 664,036 60, 121 651, 205 93, 365 1, 291, 757 106, 850 1, 740, 293 110, 588 673, 440 156 155 155 155 175 168 167 163 203 206 206 206 112 114 114 113 154 170 165 157 1,126,993 453, 315 1, 154, 118 598, 156 .73 .75 .75 .75 196, 700 170, 000 159, 466 142, 589 65 60 49 47 58, 082 12, 225 23, 367 55, 325 11, 696 6,013 25,287 27, 522 227,269 257, 131 232, 394 240, 185 840, 543 1, 018, 246 1, 147, 998 1, 280, 187 175,740 68, 792 85, 115 104, 645 116, 228 90, 998 88, 622 113, 785 154, 515 55, 572 22, 978 45, 479 155 156 156 156 155 148 143 135 209 215 211 203 114 114 114 154 136 134 384, 061 260, 291 590, 680 638, 607 .75 .75 .75 .75 120, 890 127, 082 111,283 43 40 36 37, 096 47, 503 51, 448 63,660 23, 355 28,341 34,411 29, 347 227, 112 267, 475 272, 571 262, 746 1, 233, 428 1, 352, 440 1, 635, 805 1, 761, 892 276, 584 145, 333 86, 703 126, 981 97, 701 73,384 73, 993 70, 466 155, 921 119, 165 79, 693 103, 048 1927 January February March April May June i 1 Data compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Potash includes potash imported as chemicals and also the murate and sulphate used in fertilizers. " Total fertilizer " exports are made up largely of phosphate rock. a Data compiled by the National Fertilizer Association from reports of acidulators representing about 80 percent 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 of 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. * Compiled by the Oil, Paint, and, Drug Reporter from weekly wholesale quotations of 40 crude botanical drugs, 20 essential oils, and 35 drugs and pharmaceutical chemicals, respectively. * The chemical price indexes from Chemical and Metallurgical Engineering include quotations on 25 chemicals and 15 oils and fats selected on the basis of their importance as representing both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of total production plus total imports in the year 1923. The figures are averages of weekly prices. A similar index including 25 of the principal chemicals, oils, and fats used in the new indexes, with yearly data from 1917 to 1923, and monthly data for 1923 and 1924, may be found in the November, 1924, issue (No. 39), p. 105. 6 Wholesale average monthly price of 66° sulphuric acid at New York from U. S. Department of Labor, Bureau of Labor Statistics. * Compiled by the National Fertilizer Association from tag sales reports of Commissioners of Agriculture of 12 Southern States (Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Tennessee, Missouri, Louisiana, Arkansas, and Texas). Monthly data from 1920 appeared in the May, 1926, issue (No. 57) p. 17. 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. 80 Table 56.—COTTONSEED PRODUCTS COTTONSEED OIL YEAR AND MONTH Con- Stocks Receipts sumpat mills, at tion end of mills (crush) month Production Stocks, end of month Short tons 1913 mo. av_ 1914 ino. av_ 1915 mo. av_ 1916 mo. av 1917 mo. av 1918 mo. av 1919 mo. av Production i 8 Thous. of IDS. 41, 878 42, 062 60, 786 51, 330 16, 890 486 26, 172 7 12, 102 7 12, 002 ? 12, 151 ? 12, 709 23, 937 29, 217 30, 733 11, 861 11, 798 11, 787 12, 404 19, 044 26, 877 29,081 8 116, 385 238, 965 231, 106 189, 530 $0 07 .07 07 .11 .15 .20 .24 271, 659 253, 101 188, 105 156, 684 152, 824 225, 114 209, 124 .15 .08 .10 .11 .11 .11 .11 137, 015 149, 183 114, 794 122, 901 147, 394 197, 303 225, 892 198;187 143, 476 133, 357 127, 702 122, 743 139, 910 226, 406 14, 168 24, 399 18, 707 14, 349 25, 907 33, 290 29, 957 17, 840 15, 396 18, 965 19, 294 19, 568 30, 014 17, 518 14, 969 18, 872 19, 156 19, 359 20, 226 8 93, 175 8 148, 815 176, 746 180, 400 175, 239 86, 007 182, 653 109, 522 303, 789 349, 357 372, 379 382, 151 .11 .11 .11 .11 318, 957 237, 880 174, 925 113, 451 195, 900 211, 173 182, 737 142, 498 64, 953 38, 279 39, 921 8, 750 19, 177 17, 288 19, 729 18, 941 19, 109 15, 846 20, 125 17, 090 1,808 1,636 1,794 1,652 345, 413 265, 726 173, 549 92, 977 .11 .11 .11 .11 66, 108 35, 515 15, 245 52, 467 100, 085 65, 121 18, 976 23, 612 13, 832 16, 294 19, 757 16, 813 17, 599 15,312 15, 809 17, 191 18, 542 14, 623 14, 704 17, 068 1,893 2,641 2,320 2,689 57, 309 78, 166 111, 654 168, 898 .11 .10 .10 229, 277 372, 104 380, 946 370, 758 89, 383 168, 101 222, 271 259, 061 15, 974 50, 547 53, 810 60, 548 19, 328 25, 947 24, 275 24, 217 20, 057 25, 612 24, 974 24, 553 2,407 2,705 2, 347 1,898 204, 397 260, 452 301, 333 294, 544 .11 .11 .11 .12 366, 294 310, 119 248, 098 151, 709 317, 342 357, 495 344, 618 306, 754 68, 907 25, 046 16, 362 11,415 22, 585 20, 721 22, 413 19, 793 21, 501 21, 481 21, 268 20, 445 1,700 259, 203 192, 004 145, 671 89, 412 .12 .15 .15 .13 68, 343 31, 587 16, 013 33, 266 285, 307 229, 855 142, 844 90, 488 6,689 12, 382 17, 354 27, 124 17, 719 17, 922 16, 445 15, 635 16, 646 17, 901 15, 906 17, 294 64, 568 132, 578 232, 983 332, 344 .11 .09 .08 .08 210, 833 419, 784 438, 410 416, 246 127, 064 172, 566 176, 006 166, 535 21, 749 74, 114 47, 547 20, 232 21, 766 23, 428 20, 172 21, 766 23, 800 24, 530 104, 564 93, 865 48, 503 61, 544 72, 957 72, 816 75, 744 1925 January February March . April 370, 307 208, 792 104, 457 53, 556 700, 352 508, 541 378, 672 232, 569 900, 899 598, 021 323, 806 144, 235 210, 439 158, 014 116, 572 77, 717 122, 352 127, 423 88, 015 70, 314 175, 755 137, 323 141, 213 101, 491 43, 780 49, 921 31, 365 269, 252 132, 958 76, 723 27, 312 112, 936 54, 688 27, 885 32, 276 188, 592 44, 366 23, 953 10, 238 33, 781 44, 339 22, 363 4,847 17, 330 60, 566 40, 558 28, 738 19, 573 September _ _ _ _ 1, 079, 416 October 1, 303, 412 November 910, 581 849, 396 December 1926 January_ 472, 760 February 308, 026 March 183, 225 April 63, 319 488, 578 779, 430 809, 861 1, 272, 981 815, 838 1, 367, 395 798, 408 1, 416, 473 141, 974 234, 556 235, 252 224, 980 53, 814 92, 315 111,965 118, 719 103, 682 167, 344 185, 450 183, 768 790, 679 1, 098, 364 662, 141 744, 246 410, 875 516, 596 152, 525 314, 967 226, 231 191, 818 152, 475 97, 313 129, 743 121, 579 88, 272 57, 000 180, 038 160, 652 156, 463 92, 415 May June July August 141, 169 67, 450 39, 620 70, 657 56, 650 40, 357 23,249 70, 667 45, 562 20, 973 12, 099 19, 641 29, 437 15, 142 8,281 10,045 62, 584 34, 460 16, 780 17, 748 577, 981 487, 708 938, 476 1, 146, 792 980, 321 1, 387, 387 932, 726 1, 291, 912 136, 470 284, 229 296, 197 275, 127 58, 158 104, 778 131, 035 155, 455 75, 440 213, 255 237, 599 229, 142 Mav June Consumption 2,230 1,783 2,040 1,860 95, 223 106, 442 77, 886 81, 146 96, 286 125, 987 146, 511 September 975, 028 October __ _ 1, 508, 357 November 1, 222, 493 December 834, 925 1927 January February March „__ April Short tons Production 169, 226 223, 758 8 1, 456 183, 517 1,239 168, 811 1,705 194, 965 1,693 290, 279 2,029 259, 179 364, 744 315, 672 327, 424 435, 341 592, 223 583/417 45, 294 51, 157 22, 512 117, 748 Dolls, per Ib. Stocks at mills, Exend of ports 3 month i 81, 645 99, 659 68, 933 75, 878 88, 056 112, 122 123, 048 308, 006 335, 846 253, 578 269, 745 321, 649 423, 562 493, 543 , Production i 8 98, 545 304, 727 359, 686 268, 135 262, 946 363, 132 439, 520 483, 737 August___ In Total (qtrly)s Oleo. 6 Stocks, end of month i OLEOMARGARINE2 170, 890 99, 087 101, 457 97, 483 1920 mo. av 1921 mo. av 1922 mo. av 1923 mo. av.. 1924njo. av_. 1925 mo. av 1926 mo. av Julv Factory consumption Pho jsands of pounds 8 768, 756 s 463, 114 320, 871 357, 084 358, 344 354, 433 351, 443 392, 739 8 457, 924 May June.- COTTONSEED CAKE AND MEAL Refined Crude 1 Price, summer yellow prime 4 COTTONSEED 1 225, 152 1 257, 229 241, 687 292, 222 370, 125 318, 670 248, 364 1,581 1,373 1,405 311, 756 1,775 2,091 2,158 .11 | _ " 1 Compiled by the U. S. Department of Commerce, Bureau of the Census, covering the entire industry. Receipts of cottonseed at mills include seed later destroyed at mills but not seed reshipped. Stocks of crude oil include holdings of crude mills and of refiners and oil in transit to refiners and consumers, while stocks of refined oil include holdings of refiners, brokers, agents, and warehousemen, and oil in transit to manufacturers of lard substitutes, oleomargarine, soap, etc. Yearly figures for all these items are now based on the calendar year. Monthly data from 1920 on cottonseed stocks appeared in the August, 1922, issue (No. 12), p. 94, and on crude cottonseed oil production and 2stocks in the May, 1922, issue (No. 9), p. 87. Compiled by the U. S. Treasury Department, Bureau of Internal Revenue. Production data represent total output, while consumption figures represent tax-paid withdrawals of both colored and uncolored oleomargarine, consisting of all withdrawals for domestic use except for the Government. 3 Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 4 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly quotations at New York. Monthly data from 1920 appeared in the May, 1922, issue (No. 9), p. 91. 6 Compiled by the U. S. Department of Commerce, Bureau of the Census, representing practically complete consumption of refined cottonseed oil by factories in further manufacture of such articles as lard substitutes, oleomargarine, soap, etc. Yearly figures are quarterly averages. Quarterly data for 1920 appeared in the August, 1923, issue (No.6 30), p. 119. Compiled by the U. S. Treasury Department, Bureau of Internal Revenue, showing total consumption in the manufacture of oleomargarine, as ascertained from tax reports. Monthly data from July. 1921, together with figures for other ingredients consumed in the manufacture of oleomargarine, are given in the March, 1926, issue (No. 55), 7p. 25. Average for fiscal years beginning July 1 of year stated. 8 Five months' average, August to December, inclusive. 8 Six months' average, July to December, inclusive, 1 81 Table 57.—FLAXSEED AND LINSEED PRODUCTS FLAXSEED Minneapolis and Duluth 2 YEAR AND MONTH Imports i Oil mills 3 (quarterly) Argentina Con- Stocks, Ex- 6 Stocks, Re- Ship- Stocks, end of of sump- end of ports ceipts ments end mo.7 mo. qtr. tion 548 771 1,225 1,092 783 1,081 1,170 1,979 1,104 999 1,337 843 870 757 1, 255 585 460 710 475 421 280 2,984 2,288 1,038 1,490 1,040 260 179 1920 monthly av... 1921 monthly av.__ 1922 monthly av.__ 1923 monthly av... 1924 monthly av... 1925 monthly av... 1926 monthly av.._ 2,053 1,027 1,243 2,028 1,382 1,376 1,880 964 831 729 1,468 2,294 1,944 1,438 329 568 388 561 1, 522 997 668 984 2,087 299 568 799 1,365 1,715 678 1,689 834 2,122 1,481 859 780 489 497 425 391 253 1,322 1,036 767 635 2, 153 1,329 936 1,082 725 819 758 1,412 333 200 364 602 502 617 581 291 729 1,278 1,759 1,921 5,593 5, 515 3,522 1,378 1,965 2,593 3,554 781 2,453 3,302 2, 488 2,391 1926 January . Februarv March April 1,301 1?7SO 2, 813 1, 297 513 379 533 474 320 422 292 308 2,026 1,719 1,370 1,167 May June July August 1, 988 2,470 1,371 1,264 642 666 478 1,029 187 130 362 370 1,221 1,305 976 579 1,556 2,952 2,568 1,190 2,189 6,144 2,811 1,402 907 1,644 1,671 1,405 846 3,102 3,569 2,694 1925 January February M?rch -. May June July August , September October November December , .. September October. November December ._ 6,176 1,066 6,407 6,507 6,085 8,543 9 ? 522 10, 263 2,668 2,050 1,501 2,760 3,331 3,997 3,446 4, 463 3,038 3,779 4,830 3,430 1,457 2,867 1,768 2, 168 3, 433 3,517 4,667 2,519 2.520 1,947 2, 561 2,800 3,000 3,200 4,400 4,034 3,637 3, 781 4,268 4,600 5,000 5,200 4,400 3,576 5, 135 4,212 2,974 4,000 1,800 1, 800 2,000 6,214 6,887 7,404 6,636 4,000 4,600 5,200 6,000 7,267 7,179 3,781 4, 279 5,200 4,600 4,000 3,600 3,574 5,200 4,600 4, 600 4,400 4,015 9,128 Dolls, per Ib. Thousands of pounds 3,336 2,761 3,219 2,099 464 1,284 2,087 12, 303 Whole- Shipments sale from price, MinneNew York 5 apolis 4 Ship- Factory Stocks Produc- ments confactions sump- at from tories s tions Minne(qtly.) 4 (Qtty.) apolis (qfly.) Thousands of bushels 1913 monthly av._. 19 14 monthly av... 1915 monthly av._. 1916 monthly av___ 191 7 monthly av__ _ IQlSmonthlyav... 1919 monthly av... LINSEED CAKE AND MEAL LINSEED OIL 2, 257 _„ 7,822 2,834 11, 798 6,882 10, 651 3,472 7,783 2,611 9,507 2,511 728 1,415 2, 374 515 1,520 2,617 126, 856 121,318 120, 703 114, 361 163, 391 176, 397 189, 962 132, 897 120, 550 93, 863 113, 232 225, 568 . 169, 980 146, 306 217, 992 194, 607 145, 329 174, 057 15, 210 11, 868 9,862 10, 662 11, 158 9,271 10, 026 7,856 8, 157 8,156 10, 763 10, 958 13, 537 11, 057 14, 720 14, 468 14, 810 14, 043 13,331 12, 681 9,380 10, 881 13, 840 17 769 14, 676 11, 848 12, 401 10, 545 11, 141 11, 061 10, 182 11, 870 10, 282 11, 904 14, 153 11, 669 8,725 8,756 47, 286 65, 425 53, 551 59, 706 85, 754. 95, 169 96, 127 102, 935 78, 457 99, 611 100, 718 85, 549 81, 482 130, 026 109, 898 151, 136 109, 271 128, 888 98, 448 86, 437 94, 122 155, 642 98, 905 190, 421 107, 281 128, 557 106, 144 107, 213 Exports 1 Thous. of Ibs. $0. 062 .067 .077 . 103 .151 .212 .236 30, 166 20, 684 17, 188 18, 706 18, 428 15, 998 18, 473 72, 478 42, 451 50, 532 55, 637 25, 992 7,163 29, 479 .194 .093 .113 .133 .131 .139 .112 12, 069 15, 068 10, 790 17, 062 17, 370 24, 283 16, 741 19, 635 48, 856 36, 739 47, 058 54, 463 54, 224 49, 150 .155 .155 .148 .139 31, 226 29, 847 20, 933 15, 680 66, 023 66, 131 80, 526 57, 746 .140 .141 .130 .136 12, 332 15, 637 14, 624 24, 490 51, 232 43, 097 42, 668 48, 242 .137 .132 .128 .126 24, 916 33, 958 35, 190 32, 563 48, 024 40, 406 45, 673 60, 922 .117 .113 .107 .108 26, 581 20, 330 10, 464 8,902 71, 496 61, 571 46, 749 49, 518 .108 .112 .119 .119 8,075 6,079 9,210 12, 632 31, 991 41, 907 55, 084 37, 477 .112 .108 .108 .107 21, 799 30, 436 23, 808 22, 581 48, 257 55, 950 40, 916 48, 868 * 1927 January.. February March April May June... _ i I ! 1 Compiled by the 17. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 2 Compiled by the Northwestern Miller. Receipts and shipments are totals of weekly figures, with first and last weeks of each month prorated, while stocks are taken on the Saturday nearest the end of the month. Monthly data for 1920 appeared in the August, 1922, issue (No. 12), page 94, the data for each city being given separately through the February, 1925, issue (No. 42), p. 89. 3 Compiled by the U. S. Department of Commerce, Bureau of the Census, covering practically the entire production, factory stocks, and factory consumption, of fats and oils and their raw materials. Quarterly data from 1920 appeared in the August, 1923, issue (No. 30), pp. 115 and 119. Data on flaxseed have been reduced to bushels from original data in tons. Annual figures are quarterly averages. Data prior to 1919 collected by the U. S. Food Administration, and published in detail in the supplement to Bulletin 769 of the U. S. Department of Agriculture. 4 Compiled by the Minneapolis Chamber of Commerce. c Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices at New York. Previous to October, 1925, prices were quoted per gallon and have been reduced to pounds at 71A pounds to the gallon. Monthly data from 1909 appeared in the November, 1926, issue (No. 63), p. 26. 0 Compiled by the Argentine Ministry of Agriculture, and converted to bushels from original data in metric tons. Monthly data from 1920 appeared in October, 1923, issue (No. 26), p. 50. " Compiled by the Oil, Paint and Drug Reporter, representing stocks on the Saturday nearest to the end of the month. 26446°—27 6 82 Table 58.—TOTAL VEGETABLE OILS AND COPRA TOTAL VEGETABLE OILS COPRA COCONUT OR COPRA OIL Stocks, end1 of end of Production 1 Factory consumption Stocks, quarter quarter 1 Factory Fac- Stocks, ProconEx- 2 Im- 3 Im- 3 tory end of ImRefined YEAE AND MONTH duc- sumpsumpquar- ports a ports ports ports tioni tion,1 1 ReIn Retion i ter i Crude fined Crude crude Crude Refined oleo- Crude fined Total 1 margarine * Short tons Thousands of pounds 1913 1914 1915 1916 1917 1918 1919 monthly av monthly av monthly av_. monthly av._ monthly av monthly av._ monthly av.. 578,478 635, 803 506, 533 283, 591 1920 monthly av— 1921 monthly av~ 1922 monthly av._ 1923 monthly av_. 1924 monthly av_. 1925 monthly av.. 1926 monthly av.- 1935 January February March .April May June July August September October November December 1926 January February March April M!ay June July August September October November December 474, 776 504, 318 434, 658 505, 647 554, 950 660, 727 511, 121 504, 034 459, 447 519, 273 576, 568 681, 077 378, 498 332, 003 324, 227 308, 159 276, 696 343, 732 352, 768 263, 529 223, 992 197, 604 194, 496 241, 777 802, 192 813, 013 377, 415 401, 039 402, 370 531, 093 292, 822 295, 618 417, 715 460, 574 275, 656 82, 187 1,020 627 919, 558 429, 034 188, 263 876, 906 910, 626 484, 717 330, 915 416, 509 596, 830 319, 415 289, 331 .. _. 445, 151 481,005 341, 633 200, 694 Thousands of pounds 29, 042 17, 758 31, 641 16, 977 11,788 10, 437 17, 599 21, 387 26, 441 20, 636 30, 133 36,850 65, 295 67, 495 1,265 2,503 4,512 6,615 15, 279 17, 944 10,788 42, 153 22, 184 16, 863 21,964 6,978 4,744 4,117 5,729 3,643 71, 390 28, 499 53, 298 52, 295 67, 641 55, 368 55, 815 8,966 7,888 11,206 13, 874 12,128 15, 170 25, 276 21, 525 35, 881 46, 245 37,066 40, 177 10, 665 5,869 10, 705 6,615 8,224 3,641 9,454 4,880 5, 392 2,702 59, 445 52, 617 79, 213 58, 556 19, 526 8,314 17, 568 10,329 3,269 5,657 2, 525 3,486 49, 629 58, 950 44, 941 47, 316 2,877 11,206 8,815 10, 577 3,923 8,183 9,635 9,640 32, 057 52, 179 59, 534 69, 975 19, 058 8,680 27,100 19, 988 7,470 7,073 4,631 4,659 57, 657 57, 747 45,890 58, 934 15,080 12,020 19,564 19, 038 1,887 868 904 541 41, 365 58,054 74, 001 55, 971 19, 096 17, 364 25, 391 18, 337 801 2,688 5,336 6,862 55, 095 50, 449 67, 086 47,633 21,288 19, 813 37, 947 7,566 36, 847 13, 822 35, 584 9,473 50, 328 12, 832 48, 520 6,225 49, 771 15,278 48, 912 30, 185 6,016 4,834 5,264 5,362 13, 591 29, 674 23,422 53, 886 18,027 32, 805 15, 810 28,299 18, 943 46, 381 15, 157 58,980 18, 730 47, 839 19, 431 51, 901 18, 986 26, 922 19, 734 31,312 24, 743 8,283 25, 915 10, 755 10,300 8,603 15, 430 22,047 29,130 21, 377 21,644 11, 703 20, 484 12, 299 17, 676 22, 538 20,950 16, 127 21, 219 21, 793 20, 016 69, 273 105 564 53,054 155, 220 34, 958 46, 486 30,669 33, 811 43, 095 43, 430 49, 280 59, 025 93, 277 36, 851 n 5, 316 73, 550 41, 270 4,480 115, 996 52, 985 6,326 72, 692 52, 725 6,938 48, 846 51, 444 7,576 51, 322 28,664 19, 051 23, 522 25, 527 14, 895 13, 616 73, 525 60, 274 75, 721 90, 377 99, 943 96,364 49, 531 42, 576 95, 375 47, 374 47, 521 43, 617 81,806 48,104 46, 135 52, 850 100, 660 52, 523 64,418 58,076 107, 614 57, 776 63,089 47, 407 87, 039 45, 877 64,407 64, 745 105, 152 57, 750 62, 981 60, 491 117,050 52,245 7,642 6,698 7,301 7,099 6,408 5,187 5,484 6,462 7,804 10,206 10, 612 10, 008 9,337 8,132 8,925 7,996 6,713 6,736 6,138 6,190 8,127 8,895 9,850 61, 139 12, 507 61, 543 14, 735 36, 270 15, 751 46, 338 11, 469 62, 692 12, 698 65, 797 12, 372 66, 973 11,881 1937 January February March _ _ « _ . . April May June i Compiled by the U. S. Department of Commerce, Bureau of the Census, covering practically the entire production, factory stocks and factory consumption of fats and oils and their raw materials. Quarterly data from 1920 appeared in the August, 1923, issue (No. 30). pp. 115 and 119. Annual figures are quarterly averages. Data prior to 1919 collected by the U. S. Food Administration, and published in detail in the supplement to Bulletin 769 of the Z7. S. Department of Agriculture. Data on production and consumption of total vegetable oils represent those in the crude state. '8 Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, including cottonseed, corn, and linseed oils. Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports of total vegetable oils include the following oils: Chinese nut, cocoa butter, coconut, cottonseed, olive (both edible and inedible), palm, palm kernel, peanut, rapeseed, soya bean and linseed. The figures for Chinese nut, inedible olive and 4rapeseed oils, which are reported in gallons, have been converted into pounds, allowing 7^ pounds per gallon. Compiled by the U. S. Treasury Department, Bureau of Internal Revenue, showing total consumption of coconut oil in the manufacture of oleomargarine, as ascertained from tax reports. Monthly data from July, 1921, together with figures for other ingredients consumed in the manufacture of oleomargarine are given in the March, 1926, issue (No. 55), page 25. 83 Table 59.—ANIMAL FATS AND OILS ANIMAL FATS YEAR AND MONTH Production Factory consumption Stocks' end of quarter LAUD COMPOUNDS AND SUBSTITUTES GREASES Production Factory consumption ANIMAL GLUES FISH OILS Stocks' Stocks' Pro- end of Proend of quar- duction quar- duction ter ter Fac- Stocks' tory of con- end sump- quarter tion Production Stocks' end of Shipquar- ments a ter EDIBLE GELATIN Production Stocks' end of quarter Thousands of pounds 1919 qtly. av_. 367, 518 1920 qtly. av_. 410, 677 1921 qtly, a v- 473, 266 1922 qtly. av._ 511, 451 612, 912 1923 qtly. av 1924 qtly. av._ 613, 290 1925 qtly. av_. 497, 864 1936 qtly. av__ 144, 308 149, 275 141, 324 139, 043 140, 991 151, 862 141, 084 138, 071 185, 283 226, 631 175, 481 144, 576 162, 018 142, 382 69,647 86, 384 85, 222 94, 430 102, 285 99, 111 89, 849 51, 566 49, 023 44, 325 61, 548 66, 911 61,498 59, 710 67, 429 69, 741 95, 592 53, 127 57, 045 48, 097 41, 927 3 156, 770 196, 045 187, 631 207, 609 288, 155 s 9, 517 15, 671 11, 756 16, 182 18, 674 8,230 16, 507 13, 916 19,754 21, 326 17, 271 25, 291 9,791 12, 046 19, 990 27, 513 29, 675 29,067 38, 581 44, 609 45, 238 54, 009 47, 425 43, 228 46, 105 56, 225 23, 660 25,015 24,924 24,272 52, 442 50,370 3,305 4 9, 891 3,541 * 10, 454 3,134 9,084 10, 454 1934 Jan. 1-Mar. 31 Apr. l~June 30 July 1-Sept. 30 Oct. 1-Dec. 31. 719, 139 635, 577 525, 495 572, 950 149, 720 147, 008 156, 470 154, 246 158, 706 211, 383 148, 948 129, 032 104, 178 103, 409 92, 331 96,524 68, 599 61, 838 56, 838 58, 718 50,227 51, 035 49, 191 41, 933 178, 146 181, 022 192, 377 278, 890 17, Oil 14, 811 13, 390 19, 517 5,444 8,071 31, 797 23, 772 24,642 27, 522 31, 467 32, 635 43, 748 44,400 48, 720 47, 551 28, 701 24, 451 20, 178 26, 365 48, 888 51,696 53, 211 55,974 1925 Jan. 1-Mar. 31 Apr.l-June30 Julyl-Sept.30 Oct. 1-Dec. 31. 593, 673 486, 311 405, 433 506, 038 155, 838 121, 989 141, 319 125, 187 183, 015 182, 100 101, 724 102, 691 98, 793 90, 282 82, 108 88, 211 56, 341 53, 851 64, 440 64, 208 37, 499 46, 217 42, 457 41, 535 257, 695 252, 818 305, 910 336, 197 18, 197 17, 581 16, 061 22, 857 16, 613 9,217 49, 091 26, 242 41, 807 35, 564 34, 768 42, 189 37, 925 55, 087 73, 575 58, 311 25, 403 23,837 20,603 27, 246 53,944 51, 849 48, 927 46, 761 1936 January February March April _. May. June _ July August September October November December 1937 January February March April 578, 253 126, 987 186, 505 542, 465 153, 481 198, 181 498, 716 160, 268 180, 575 65, 977 41, 783 288, 785 16, 660 7,377 32, 474 35, 456 27, 609 44, 854 89, 954 58, 551 45, 540 270, 660 15, 533 8,150 36, 460 61, 649 24, 289 42, 842 91, 512 62, 668 48, 663 242, 372 18, 128 3,977 41, 010 86, 639 20, 364 36, 675 88, 801 II 7,270 7,012 6,943 7,525 6,013 6,226 6,073 6,222 6,447 7,130 4,258 2,829 5 1, 440 4,009 11, 271 8,931 « 7, 146 8,990 4,637 10, 104 3,894 8,882 2,401 7,191 "" __ May June 1 Compiled by the U. S. Department of Commerce, Bureau of the Census, except for shipments of animal glues, and representing practically complete production, factory consumption, and factory stocks. Quarterly data from 1920 appeared in the August, 1923, issue (No. 36), p. 115, except on animal glues and edible gelatin, for which quarterly figures were not begun until 1924 and 1925, respectively. Further details are given in the quarterly press releases. 2 Compiled by the National Association of Glue Manufacturers from reports of 15 companies estimated to represent 70 per cent of the output of the industry. Sales between members are excluded to avoid duplication. Further details are given in the association's reports. 3 Average of last two quarters of the year. 4 Stocks on Dec. 31. * Certain reports missing which would make totals slightly larger. 84 Table 60.—CROP PRODUCTION1 [Base year in bold-faced type] WHEAT CORN Winter Spring BARLEY OATS Total RYE TOTAL BREAD GRAINS RICE POTA- APPLES HAY, TOES (total) TAME TOTAL VALUE OF CROPS 2 YEAR AND MONTH 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 1920 final estimate 1921 final estimate 1922 final estimate 1923 final estimate 1924 final estimate 1925 final estimate ..—. 1926 final estimate 100 155 153 109 94 128 172 138 100 100 84 144 64 91 145 85 91 119 149 93 93 134 141 121 10O 99 111 95 113 92 104 118 100 101 137 111 141 136 105 132 100 107 126 100 116 141 81 104 100 123 155 140 180 261 216 173 100 104 123 99 117 112 110 122 100 99 121 171 145 161 175 218 10O 115 101 80 124 115 91 113 100 143 130 110 94 96 81 127 100 106 130 138 126 116 131 133 100 107 121 159 236 251 270 191 136 133 130 134 88 115 92 111 112 84 119 126 116 126 99 121 113 107 113 85 108 98 95 107 115 133 132 111 85 100 109 100 119 105 177 296 181 185 133 115 109 111 114 104 113 105 157 173 141 135 139 171 101 127 117 118 91 100 56 115 115 97 98 140 125 145 135 148 130 132 99 137 153 163 154 137 91 142 B.— NUMERICAL DATA YEAR AND MONTH Thous. of tons Thousands of bushels Millions of dollars 1909-1913 average _ ._ 1914 final estimate 1915 final estimate 1916 final estimate 1917 final estimate 1918 final estimate 1919 final estimate 1920 final estimate 441, 603 684,990 673,947 480,553 412, 901 565, 099 760, 677 610, 597 686, 697 345, 059 891, 017 206, 027 351, 854 1, 025, 801 636, 318 155, 765 636, 655 223, 754 921, 438 356, 339 968, 279 207, 602 833, 027 222, 430 2,708,33-1 2, 672, 804 2,994,763 2, 566, 927 3,085,233 2, 502, 665 2, 816, 318 3, 208, 584 1, 131, 175 1,141,060 1,549,030 1, 251, 837 1, 592, 740 1, 538, 124 1, 184, 030 1, 496, 281 181, 886 194,953 228, 851 182, 309 211, 759 256, 225 147, 608 189, 332 U, 916 42, 779 54, 050 48, 862 62, 933 91, 041 75, 542 60, 490 4, 743, 068 4, 942, 613 5, 852, 525 4, 686, 253 5, 569, 320 5,309,493 5, 191, 777 5, 787, 714 S3, 926 23, 649 28, 947 40,861 34, 739 38, 606 41, 985 52,066 356, 627 409, 921 359, 721 286,953 442, 108 411, 860 322, 867 403, 296 176, 483 252, 200 230, Oil 193, 905 166, 749 169, 625 142,086 223, 677 65, 987 70, 071 85, 920 91, 192 83, 308 76, 660 86, 359 87,855 $5, 702 6,112 6,907 9,054 13, 479 14, 331 15, 423 10, 909 1921 final estimate 1922 final estimate 1923 final estimate 1924 final estimate 1925 final estimate 1926 final estimate 600, 316 586, 878 571, 959 592, 259 401, 734 626, 929 214, 589 280, 720 225, 422 272, 169 274, 695 205, 376 814, 905 867, 598 797, 381 864, 428 676, 427 832, 305 3, 068, 569 2, 906, 020 3, 053, 557 2, 309, 444 2, 916, 961 2, 645, 031 1, 078, 341 1, 215, 803 1, 305, 883 1, 502, 529 1, 487, 550 1, 253, 739 154, 946 182, 068 197, 691 181, 575 216, 554 191, 182 61,675 103, 362 63, 077 65, 466 46, 456 40, 024 5, 178, 436 5, 274, 851 5, 417, 589 4, 923, 412 5, 343, 950 4, 962, 281 37, 612 41, 405 33, 717 32, 498 33, 309 41, 006 361, 659 453, 396 416, 105 421, 585 323, 465 357, 800 99, 002 202, 702 202, 842 171, 725 172, 389 246,460 82, 379 95, 882 89, 250 97, 622 85, 717 86, 378 5,630 7,816 8,727 9,291 8,790 7,803 i 1925 July estimate August estimate September estimate October estimate November estimate 407, 156 403, 851 415, 697 415, 697 415, 697 415, 697 253, 729 275, 739 262, 749 283, 872 281, 575 281, 575 660, 855 679, 590 678, 446 699, 569 6975 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 1926 June estimate July estimate August estimate September estimate October estimate November estimate — 543, 300 567,762 626, 482 626, 000 626, 000 626, 000 199, 595 212, 719 212, 109 213, 336 213, 336 767, 357 839, 201 838, 109 839, 336 839, 336 2, 661, 000 2, 660, 780 2, 576, 936 2, 697, 872 2, 679, 988 2, 693, 963 1, 334, 260 1, 311, 159 1, 263, 619 1, 282, 414 1, 282, 414 190, 959 191, 088 195, 204 196, 762 196, 762 41, 131 39, 666 41, 900 41, 900 41, 900 41,870 3 2, 702, 131 4, 225, 665 4, 960, 254 4, 198, 595 4, 201, 064 4, 215, 009 39, 633 40,543 39, 267 39, 436 40, 809 333, 540 345, 569 351, 558 350, 821 360, 727 208, 412 218, 920 242, 114 234, 252 246, 262 77, 800 77, 900 78, 900 83, 200 83, 200 1927 June estimate 1 Yearly figures represent the latest revised estimates of total production for the year as reported by the V. S. Department of Agriculture, Bureau of Agricultural Economics. Monthly figures are estimates of the current year's crop as made during the first week of that month. The estimates made in December of each year are subject to revision in the final estimate made in December of the following year. 2 Estimated total value of all crops based on prices at the farm on Dec. 1« Prior to 1924, 23 crops were included, thereafter 55 crops, but the additional crops are minor and have little effect on the grand totals. 3 June figures for total bread grains include corn as estimated on July 1. 85 Table 61.—WHEAT FLOUR GKINDINGS OF WHEAT United States 2 ( Census) YEAB, AND MONTH United States Canada 3 Canada3 Actual 2 Prorated4 ( Census) (Russell) Thous. of bushels 1913 1914 1915 1916 1917 1918 1919 CON FLOUR SUMPMILLS TION PRODUCTION Capacity operated 2 Grain offal 2 Thousands of barrels STOCKS (end of month) All positions (computed) Computed * " . " 1920 monthly av__ 1921 monthly av 1922 monthly av 1923 monthly av 1924 monthly av_ 1925 monthly av__ 1926 monthly av__ 9. 703 9,338 9, 919 9,815 9,317 11,091 8,156 9,433 1, 422 1,559 1,661 1,547 8 762, 180 734, 824 702, 318 856 54 52 8,237 8,569 9,291 9,223 9,719 9,492 8,943 7,148 7,228 7,701 7,344 7,046 7 42, 872 41, 277 39, 836 6, 386 6, 886 7,418 8,940 7 9, 288 8,943 8,649 1925 January February _ March April 45, 010 37, 720 33, 548 31, 066 7,692 7,037 7,552 5,585 9, 853 8,248 7,347 6,781 11, 705 10, 189 9,297 8,185 1,698 1,557 1,668 1,244 762, 489 648, 197 576, 955 536, 263 58 53 43 40 10, 017 9,801 8,360 7,431 7,400 6,850 6, 400 6,200 May _ Juno July August 31, 874 35, 526 40, 651 42, 818 4,562 5,611 5,960 4,663 6,942 7,745 8,840 9,292 8,153 8,927 10, 377 11, 049 1,015 1,239 1,340 1,029 553, 750 621, 141 708, 349 754, 446 43 46 52 56 7,963 7,907 7,801 10, 485 5,700 5,900 7,700 7,400 45, 952 49, 799 42, 416 41, 656 7,143 10, 181 9,499 7,794 9,938 10, 728 9,128 8,948 12, 501 13, 165 10, 864 10, 783 1,601 2,308 2,127 1,738 833, 270 907, 390 769, 373 756. 198 62 61 56 53 10, 701 12, 655 10, 101 10, 676 8,400 7,900 7,800 6,900 40, 358 34, 573 38, 027 35, 234 6,347 6,461 7,249 6,367 8,679 7, 429 8,289 7, 589 10, 287 8,811 9,901 8,817 1,422 1,440 1,609 1,416 728, 335 625, 503 685, 314 633, 082 54 50 47 45 9,513 8,635 9,707 7,584 7,000 6,600 6,100 6,500 May June July August 34, 657 37, 251 43, 942 47, 654 6,661 7,386 5,523 4,694 7,418 8,005 9,570 10, 447 8, 633 9,631 11, 189 12, 338 1,491 1,646 1,228 1,044 626, 138 668, 392 768, 231 820, 795 44 48 57 62 8, 055 8,864 9, 237 10, 257 6,400 6,500 7,660 8,300 September _ October November December 49, 317 48, 727 43, 782 7,323 10, 029 9, 495 10, 843 10, 678 9,583 12, 681 13, 029 11,312 ' 1, 634 2,231 2,089 844, 773 834, 908 747, 280 67 63 59 10, 921 11, 444 10, 668 8,500 8,700 8,000 _ _ 1927 January February March_,__ April WHOLESALE PRICES i United CanStates 5 ada & Standard Winter pat- straights ents Kansas MinneCity apolis Dollars per barrel Thousands of barrels Per cent 9, 148 10, 102 10, 466 10, 480 11, 047 10, 433 1926 Januarv. _ _ _ February March April mills a (qtty.) 1 monthly av monthly av monthly av_ monthly av_ monthly av_ monthly av monthly av September October November December __ Held EXPORTS 9 3, 965 3,347 4,584 3,888 3,122 4,217 1,023 1,064 1,305 1, 198 1,161 1,809 2,204 408 389 464 660 731 839 839 $4.58 5.10 6.66 7.26 11.39 (7) 12.00 $3.85 4.13 5.61 6.09 10.55 10.30 10.70 1, 654 1,400 1,252 1,359 1,333 927 994 394 606 790 928 956 892 871 12.68 8.34 7.30 6.38 7.18 8.83 8.44 11.58 7.05 6.14 5.36 5.98 7.67 7.29 988 939 1,387 955 875 834 1,385 710 9.69 9.85 9.04 8.25 8.81 8.67 7.97 7.04 690 820 775 874 482 596 815 685 8.87 8.53 8.65 8.83 7.22 7.51 6.95 7.57 800 1,012 872 1,009 661 1,022 1,210 1,042 8.31 8.26 8.54 9.18 7.43 7.41 7.61 7.89 676 647 695 834 717 842 1,302 682 9.41 9.14 8.81 8.76 8.34 8.00 7.88 7.51 679 667 793 1,442 726 1,029 978 459 8.49 8.68 8.98 7.95 7.40 7.34 6.81 6.74 1,560 1,385 1,344 1,208 612 963 1,262 885 7.73 7.94 7.74 7.63 6.68 6.94 6.64 6.60 1 1 ._ i May June i ! 1 1 Wholesale prices from U. S. Department of Labor, Bureau of Labor Statistics, represent averages of weekly quotations. Monthly figures from 1920 appeared in May, 1922, issue (No. 9), p. 91. 2 Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of over 1,000 mills each month, which produced about 88 per cent of the flour manufactured in 1923, according to the Census of Manufactures. Stocks include flour owned by millers whether in mills, elevators, or in transit. 3 Compiled by the Dominion Bureau of Statistics, Internal Trade Branch, covering merchant mills having a capacity of about 120,000 barrels per month, and also custom mills. The detailed reports of Canadian milling statistics also contain data on other grains as well as a division into eastern and western territory. Monthly data through 1922 appeared in May, 1925, issue (No. 45) , p. 27. 4 Reported by U. 8. Grain Corporation prior to July, 1920, covering practically the entire industry; beginning with July, 1920, from Russell's Commercial News, the production and stock figures being prorated to 100 per cent from representative current data bearing a known relation to the total figures. Stocks represent flour in all po positions. Consumption is calculated from production, stocks, exports, and imports. Monthly production figures from January, 1914, are given in the October, 1922, issue (N No. 14), p. 47. 5 Exports of flour from IT. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 6 Exports of flour from Canada from Department of Trade and Commerce, Dominion Bureau of Statist 7 No quotations. 8 Average for last six months of year. fi Average for two periods only, June and December 86 Table 62.—WHEAT AND CORN WHEAT YEAR AND Canada < Ship- United States » ReVisible supply 2 ceipts a ments 3 by IncludIncludmills ing Wheat ing Wheat (quaronly only wheat wheat Canada terly) • United States flour flour Held 14, 198 16, 353 19, 919 12, 897 19, 277 23, 034 18, 230 14, 072 17, 405 22, 259 8,378 10, 540 5,993 13, 145 15, 804 12, 533 3,484 10, 214 12, 291 8,081 16, 115 19, 094 16,309 7,260 $0.91 1.04 1.34 1.24 2.32 2.42 2.56 $0.99 1.01 1.31 1.35 2.28 2.21 2.34 11, 117 11, 486 16, 210 12, 736 6,122 10, 266 4,101 21, 158 17, 4*47 24, 774 14, 995 27, 038 36, 369 35,009 32, 363 40, 878 29, 993 32, 519 23, 252 24,318 23, 107 18, 038 29, 891 21, 267 17, 805 18, 191 23, 338 13, 724 8,211 13, 859 7,700 11, 503 25, 636 29, 639 19, 359 14, 327 19, 861 11, 306 15, 973 6,498 10, 776 11, 374 17, 923 21, 406 18, 529 20,836 8,271 13, 503 14, 929 22,099 25, 708 22, 397 25,091 2.60 1.47 1.28 1.16 1.31 1.67 1.56 2.52 1.44 1.24 1.17 1.28 1.77 1.55 6,254 20, 686 25, 137 11, 660 12, 870 16, 981 31, 757 79, 341 76, 187 75, 048 58, 212 24, 734 19, 923 17, 260 10, 422 19, 864 16, 168 18, 367 14, 226 8,484 7,387 9,961 8,304 12, 930 11, 613 16, 203 12, 722 6,103 4,146 4,423 4,953 10,041 7,899 10, 656 8,148 1.91 1.84 1.69 1.55 2.01 1.98 1.77 1.70 36, 911 30, 420 33, 248 38, 167 48, 744 40, 087 22, 513 7,583 17, 659 21, 866 41, 783 43, 342 21, 067 17, 719 22, 693 27, 652 9,870 7,070 9,288 9,901 12, 975 10, 760 8,777 11, 832 14, 883 9,784 13, 097 15, 336 17, 052 12, 466 16, 765 18, 419 1.68 1.62 1.59 1.64 54,543 49, 651 49, 774 55, 024 58, 366 76, 239 103, 584 119, 077 57, 862 36, 045 34, 127 34, 897 28, 151 24, 508 22, 324 22, 448 9,391 4,354 4,696 3,695 12, 092 8,910 8,621 8,235 15, 876 41, 896 34,840 57, 008 18, 851 46, 495 40,285 61, 697 49, 473 44, 686 37, 385 30, 780 111, 121 106, 748 100, 446 94, 500 21, 640 16, 188 15, 101 14, Oil 12, 358 9,874 11, 465 10, 290 2,411 1,700 3, 773 2, 533 5,452 4,613 6,900 6,285 13, 199 14,002 14, 710 5,526 20, 125 13, 273 31, 959 66, 739 66, 521 53, 173 30, 474 19, 437 15, 663 21, 058 76, 960 71, 583 19, 605 15, 748 29, 013 34, 458 9,368 8,074 16, 083 28, 995 12, 423 11, 076 19,652 35, 485 81, 780 77, 714 78,412 68, 125 44,754 83, 719 119, 790 117, 796 48, 731 37, 137 29, 754 22, 405 24, 625 24, 427 23,422 17, 376 23, 700 17, 589 14, 280 9,536 30, 719 23, 821 20, 277 14, 793 50, 802 57, 379 38,155 65, 974 30, 393 51, 051 78, 231 32, 665 32, 604 32, 173 61, 055 47, 831 25, 871 32, 750 18,861 21, 619 32, 517 31,493 1920 m. a. 1921 rn.a1922 m. a_ 1923 m.a. 1924 m.a. 1925 m.a. 8 67, 712 1926 m.a_ 41, 987 36, 795 37, 131 57, 601 70, 407 51,241 50, 038 24,583 36, 516 56, 510 63, 693 70, 359 63, 749 79,040 81, 796 74, 167 63, 327 47,864 Sep Oct Nov_ Dec 1936 Jan Feb Mar Apr. _ MayJune July Aug Sept Oct Nov_ Dec 32, 314 103, 109 64, 639 35, 834 124, 773 Dolls, per bu. Thousands of bushels 8,292 14, 432 17, 161 12, 838 8,850 9,265 12, 341 1913 m. a. 1914 m.a. 1915m. a. 1916 m.a. 1917 m.a. 1918 m. a_ 1919 m. a. May June July Aug Visible No. 1 ReShip- Grind- Corn, Cash, 3 supply, connorth- No. end of 2 ceipts 3 ments 3 ings 4 inred tract, ern winter, month clud- grades spring Chiing 3, Chicorn No. Chicago cago meal cago Dolls, per bu. Thousands of bushels 1935 Jan Feb Mar_ Apr Ex- Wholesale ports 6 prices * Wholesale prices 1 Exports Stocks (end of month) MONTH CORN 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 18,886 19, 583 9,653 18, 949 21, 552 14, 211 14, 033 11, 261 10, 149 5,055 1,769 4,875 11, 015 5,566 13,844 5,513 3,724 6,279 1,681 5,855 1,122 6,341 2,101 1.41 .58 .62 .82 .97 1.04 .76 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 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 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 16,426 17, 791 20, 569 8,595 1.84 1.77 1.63 1.67 1.87 1.85 1.68 1.69 29, 519 35, 688 59, 650 34, 937 30, 851 25,596 19,994 13, 166 10, 268 9,906 9,566 9,927 7, 191 6,709 7,431 5,611 4,823 2,918 2,270 2,210 .80 .77 .74 .73 18, 979 27, 792 16, 306 9,541 22,246 32, 423 20, 707 11, 607 1.64 1.53 1.53 1.42 1.66 1.48 1.44 1.37 27, 469 32, 279 26, 821 22, 455 11, 731 24,306 13, 748 11, 482 12, 497 11,124 10, 724 8,288 5,490 6,314 6,222 6,735 1,865 1,831 1,358 1,158 .72 .72 .80 .81 10, 575 30, 573 43, 947 44, 879 13, 329 34,907 49, 626 52, 862 1.39 1.44 1 39 1.44 1.36 1.40 1.38 1.40 18, 999 24,637 32, 219 36, 412 13, 524 28,393 22, 847 22, 339 7,267 11,001 12, 563 8,652 6,311 7,057 5,924 5,100 1,052 1,494 2,208 2,030 .80 .78 .71 .76 1937 Jan Feb Mar Apr May June. __ 1 From U. S. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91. 2 Data from Bradstreet's representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc. 3 At principal primary markets, as compiled by the Chicago Board of Trade and reported by the Price Current Grain Reporter. * Grindings of corn by the wet process in the manufacture of cornstarch, glucose, etc., compiled by the Associated Corn Products Manufacturers from reports of 11 firms, comprising practically the entire industry. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43. 5 Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly figures from 1920 appeared in May, 1922, issue (No. 9), p. 88. Wheat flour6 has been converted to wheat equivalent at 4J4 bushels to the barrel, while corn meal has been converted at 4 bushels to the barrel. Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of over 1,000 flour mills representing 88 per cent of the industry. Stocks include wheat owned by millers, whether at mills, in elevators or in transit. Details by class of elevator are given in press releases. ? Exports from Canada from Canadian Department of Trade and Commerce, Dominion Bureau of Statistics. 8 Average of two quarters, June and December. 87 Table 63.—OTHER GRAINS BARLEY YEAR AND MONTH RYE WholeCanada * sale ExReReExports, prices, ceipts Exports, Wholeports, WholeReceipts ceipts sale Visible includ- prices, at Visible includ- by samVisible includ- sale at at Producing prin- supply, ing prin- supply, ing ple, fair prinsupply, prices, tion, No. 2 cash, Grind- oatmeal end of flour cipal end of 2 oatcipal end of flour to good, cipal cash, uteri or month 2 malt- interior month 6 interior1 month Chi-4 as as meal Chiings and grain 3 cago 4 markets grain 3 ing, marcago as marrolled Chigrain 3 kets i kets i oats cago * Thousands of bushels 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 mo. av mo av mo. av mo. av mo. av mo. av mo. av mo av mo. av mo. av . _ mo. av «, mo. av mo av mo. av 1924 September.. October November December. __. 1925 January February March April . May June July August September October November December 1936 January February March April May June.. July August September _. . October November December TOTAL GRAINS OATS Per bushel Thousands of bushels 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 3,815 3,321 3,367 3,904 5,207 5,517 3,438 2,913 2,002 2,352 2,498 3,988 4,656 1,489 2,153 1,536 984 1,477 2,381 1,131 1.26 .64 .63 .66 .82 .85 .70 1,294 1,648 1,809 1,936 1,912 2,777 3,988 3,712 2,573 5,353 3,683 5,414 2,489 1,130 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 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 2,662 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 14, 993 6,445 4,791 4,364 6,036 5,642 6,705 7,257 9,103 3,043 2,493 958 .75 .74 .72 .72 3,034 2,588 2,958 2,528 6,971 7,919 5,322 4,431 783 311 436 734 .72 .70 .66 .69 3,058 3,104 1,466 5,150 3,293 2, 835 2,299 3,581 996 1,352 1,386 1,523 .69 .68 .72 .65 6,953 4,445 3,668 5,008 4,823 4,902 4,492 2,663 939 1,080 1,363 .67 .71 .71 .74 Per bushel Thousands of bushels 13, 018 155 189 1,138 1,320 1,224 1,359 3,375 7,323 2,785 5,516 14, 017 16, 288 10, 340 10, 493 4,938 2,512 3,985 2,667 3,082 2,408 1,003 $0.64 .77 1.09 1.11 1.87 1.94 1.53 1.87 1.21 .89 .75 .92 1.13 .96 14, 291 17, 708 8,932 3,802 12, 311 14, 174 17, 965 18, 532 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 2,134 2,823 833 1,506 4,554 889 403 1,939 6,639 3,304 2,598 2,243 13, 122 19, 499 18, 168 11,411 1,208 944 2,408 10,749 23,474 14, 110 12, 851 11, 679 77, 579 76, 519 67, 509 50, 995 934 843 1,006 917 8,507 7,181 3,357 3,688 5,795 1,627 3,794 1,036 11, 845 17, 363 16, 591 48, 399 37, 520 37, 530 28,020 54, 715 3,908 2,398 4,292 7,073 7,382 9,290 10, 533 11, 945 1,054 127 62 95 1.59 1.58 1.35 1.12 1.19 1.09 .98 1.07 .88 .84 .86 1.04 29, 243 18, 918 14,094 15, 582 69, 960 69, 216 68, 584 66, 762 6,279 4,744 2,443 2,466 1,520 1,082 1,032 1,301 1,364 1,202 802 2,007 3,900 2,688 2,254 6,236 5,871 13, 079 13, 271 197 186 369 1,424 14, 948 11, 128 11, 622 13, 762 66, 284 61, 896 56, 217 48,704 1,447 873 810 3,043 9,984 10, 748 8,659 9,325 3,219 1,085 2,195 318 12, 378 13, 400 9,241 23, 078 39, 995 38, 768 34, 489 42, 529 3,255 2,429 1,468 1,028 11, 052 12, 594 12, 751 12, 343 2,130 137 162 613 1.05 .97 .84 .89 .84 .91 1.04 1.01 .97 1.01 .96 .97 16, 783 14, 333 11, 309 10, 188 50, 194 49, 732 50, 063 46, 341 1,762 860 951 808 Per bushel 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 17,800 17, 880 19, 063 19, 974 22, 046 19, 512 13, 514 17, 609 50, 863 49, 317 19, 637 30, 675 58, 742 49, 184 1,357 698 2,979 966 694 3,109 1,561 $0.38 .42 .50 .46 .64 .78 .70 .80 .39 .40 .44 .51 .47 .43 Thous. of bus. Thous. of Ibs. Exports, including flour and meal as3 grains Thous. of bus. 20,764 13, 973 39, 560 34, 817 30,903 35, 406 35, 878 35, 191 46,002 41, 672 22, 668 26, 817 20,796 21, 769 821 821 1,053 855 9,610 10, 322 15, 362 11, 098 .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 28,668 .60 .57 .49 .45 .48 .51 .48 .42 .40 .40 .40 .42 879 659 689 672 594 667 667 727 1,062 1,197 1,257 1, 192 11, 159 7,133 7,469 7,358 17, 538 14, 984 21, 376 26, 310 25, 130 16, 416 23,647 25,354 30, 668 18, 116 14, 829 15, 182 .43 .41 .41 .42 .42 .41 .42 .40 .43 .47 .45 .50 996 894 904 764 589 652 800 841 1,099 1,036 1,215 13,994 11, 898 11, 205 9,523 6, 898 8,449 8,581 9,347 15, 043 17, 782 17, 704 16,252 6,990 9,137 11,224 11, 309 14, 893 14, 068 15, 026 12, 702 8,901 10, 785 13, 696 21, 758 17, 773 26, 059 39, 512 38, 326 27, 251 24, 678 19, 787 1927 January February March April May June i Receipts of oats compiled by Chicago Board of Trade and reported by Price Current Grain Reporter, while receipts of barley and rye are compiled by the Federal Reserve Board from receipts at 17 interior centers. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43. a Data from Bradstreet's, representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc. Monthly data from 1913 appeared in November, 1925, issue of the SURVEY (No. 51), p. 23. 3 Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 88. Barley flour converted at 5.5 bushels to the barrel, oatmeal at 5.21 bushels to 100 pounds, and rye flour at 6 bushels to the barrel. « 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. « Compiled by the Dominion Bureau of Statistics, Internal Trade Branch, covering merchant mills having a capacity of about 120,000 barrels per month, and also custom mills. The detailed reports of Canadian milling statistics also contain data on other grains as well as a division into eastern and western territory. Monthly data from 1922 6separating oatmeal and rolled oats appeared in May, 1925, issue (No. 45), p. 27. Compiled by the Federal Reserve Board, Division of Research and Statistics, representing stocks held in elevators and warehouses at 11 interior centers and 8 seaports. Monthly data from 1919 appeared in the May, 1926, issue of the SURVEY (No. 57), p. 29. 88 Table 64.—RICE, FRUITS, VEGETABLES, AND HAY RICE* Paddy at California warehouses YEAR AND MONTH Shipments Stocks, end of month Southern paddy Receipts at mills 1 Total movement to mills Shipments Total from mills Barrels or sacks of 162 pounds 1913 mo. av._ 1914 mo av 1915 mo. av 1 1916 mo. av 1917mo.av__ 1918 mo. av__ 1919 mo av 468, 036 640, 627 591, 159 633, 910 609, 477 1920 mo av 1921 mo. av _ 1922 mo av 1923 mo. av_. * 337, 223 * 1, 172, 184 386, 862 1924 mo. av__ 188, 668 254, 002 66, 022 1925 mo. av._ 1926 mo av 639, 610 796, 277 837, 657 659, 645 707, 425 494, 586 630, 670 1925 January. February March April May June July August 3 994, 249 896, 093 560, 607 New Orleans Domestic at mills and dealers Imports Exports Pockets of 100 pounds 479, 349 652, 912 642, 918 699, 754 611, 661 169, 718 203, 340 196, 238 258, 484 275, 513 278, 785 254, 825 554, 723 957, 589 797, 973 687, 198 691, 376 536, 989 635, 703 CITWHITE RUS POTA- ONFRUIT TOES IONS APPLES Stocks, end of month Coldstor. holdings,' end mo. Car-lot shipments Thous. ofbbls. Number of carloads 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 6,796 222, 175 318, 147 275, 358 223, 472 156, 446 133, 944 152, 703 1, 287, 057 1, 291, 023 1, 253, 992 1, 343, 655 1, 142, 799 896, 837 1, 574, 650 109, 706 63, 532 52, 946 40, 105 31, 728 56, 272 97, 415 327, 177 4.88, 412 342, 952 283, 636 128, 945 54, 556 97, 910 2,383 2, 344 2,570 3,391 3,484 3,320 3, 859 HAY Receipts 2 Tons 3,417 5,398 11, 397 12, 055 14, 105 15, 005 1,304 1,596 1,835 1,740 124, 870 120, 675 8,580 8,042 7,734 10, 268 9,009 9,202 10, 380 5,975 7,500 5,882 8,261 8,562 7,299 8; 095 14, 627 18, 206 19, 930 18, 956 20, 178 19, 585 18, 903 2,163 1,932 2,163 2,132 2,502 2, 453 2,635 119, 102 j 69, 948 76, 873 76, 493 80, 006 72, 343 66, 371 101, 595 69, 869 74,305 i 45,985 i j 28,067 19, 072 92, 302 121, 477 583, 136 532, 886 375, 675 257, 570 448, 306 197, 214 43, 129 34, 465 476, 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 41, 497 78, 493 98, 554 60, 728 108,979 114, 109 79,085 63,246 5,233 3,761 2,288 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 97, 766 29, 183 None. None. 40, 000 2,700 2,700 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, 054 363, 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 54, 349 48, 022 71, 783 79, 611 ^ 856, 840 1, 061, 489 1, 348, 875 1, 718, 366 619, 078 842, 366 834, 604 751, 701 135, 778 186, 218 172, 564 204, 210 632, 444 751, 680 1, 090, 571 2, 045, 781 24, 409 18, 568 23, 586 66, 751 13, 293 28, 248 41, 666 69, 803 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 79, 516 76, 687 84, 068 82, 329 September -3,510 136, 235 October November _ _ 218, 009 December— . 46, 641 1, 253, 359 853, 330 925, 254 1, 130, 866 1, 671, 725 1926 January February March „ _ April 214, 777 107, 495 116, 952 238, 209 1, 120, 715 1, 005, 396 920, 259 651, 901 1, 019, 566 477, 583 210, 515 194, 321 1, 234, 343 585, 078 327, 467 432, 530 911, 578 608, 600 498, 419 471, 143 72, 805 131, 393 176, 229 122, 908 2, 168, 554 2, 052, 144 1, 824, 807 1, 556, 393 108, 464 194, 576 190, 036 156, 964 55, 739 48, 248 65, 490 35, 926 7,051 5,300 3,314 1,691 6,078 6,622 6, 084 3,990 9,703 8,399 11, 559 10, 894 15, 817 14, 553 19, 577 13, 718 2,524 2, 248 1,806 1,924 98, 998 72, 139 73,286 j 66,037 [ May June July August 213, 437 177, 376 153, 198 70, 820 368, 037 224, 018 70, 820 None. 118, 885 105, 923 74, 634 259, 953 332, 322 283, 299 227, 832 330, 773 473, 963 351, 292 278, 871 310, 412 113,558 129, 725 34, 528 142, 589 1, 179, 488 975, 043 767, 627 715, 632 114, 174 111,455 88, 159 68, 739 38, 140 37, 618 40, 464 50, 504 630 112 61 87 2,480 1,204 3,665 3,131 9,250 6,248 5,982 4,533 16, 488 23, 370 19, 914 14, 775 4,071 1,237 1,569 2,596 53, 217 60, 457 57, 014 49, 157 717, 070 1, 034, 736 1, 077, 146 895, 206 132, 495 359, 205 307, 692 209, 306 1, 217, 603 1, 879, 502 2, 196, 817 2, 362, 088 43, 002 25, 957 30, 372 37, 076 64, 290 101, 707 241, 678 395, 119 1,204 7,107 10, 468 9,382 19, 272 41, 745 22, 200 8,090 3,614 4,521 9,855 12, 581 21, 846 34, 920 18, 510 13, 252 3,640 5,265 2,850 2,491 58,240 70, 100 69, 539 68, 273 September October November December 1, 147, 507 1, 681, 130 1, 252, 887 1, 025, 131 1927 January February March April May June _ __- 1 Southern receipts, shipments, and stocks at mills from Eke 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 of Trade. Imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, data for rough rice being reduced to the equivalent clean2 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, 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. 3 Receipts of hay at 11 principal markets, compiled by prorating weekly reports to the (Hay Trade Journal, 4 Average for 10 months, March through December. * Stocks on hand are negligible, as the crop is not warehoused until the month of December. 89 Table 65.—LIVESTOCK MOVEMENT1 CATTLE AND CALVES SHEEP AND LAMBS HOGS Price Shipments steers, good to Local Total Total slaugh- choice, corn receipts Stoekreceipts Stoekter er and Total erand Total fed, Chifeeder feeder cago 2 Shipments YEAR AND MONTH Dolls, p. 100 Ibs. Thousands of animals 1,106 1,239 1,136 3,170 3, 739 3,706 64 81 75 1,048 1,198 1,197 819 717 889 838 808 786 784 1, 016 923 1,036 1,086 1,154 1,205 1,196 14.49 8.76 9.46 9.96 9.68 10.65 9.51 3,510 3,425 3,672 4,611 4,618 3,661 3, 314 61 42 49 68 41 44 78 2,566 2,737 2,363 2,083 580 . 1, 166 763 " 1, 339 549 1,095 309 816 1,312 1,432 1, 267 1,265 9.02 9.50 9.16 9.55 3,216 3,990 4,904 6,604 1,869 1,530 1, 860 1, 827 207 176 230 271 708 555 645 664 1,150 967 1,179 1, 163 9.31 9.47 10.20 9.99 ,_. 1,737 1,746 1, 970 2, 245 216 154 243 360 602 534 706 886 1,123 1,190 1, 252 1, 281 September. .. October November December 2,157 2,789 2,282 2, 056 427 717 489 333 938 1,348 1,017 833 1936 January February March _ . April 1,840 1, 551 1,811 1,711 225 172 184 206 675 532 May June July August 1,894 1,871 1,821 1,997 2,397 2, 674 2,461 1,846 Local Total slaughreceipts StoekEwes, ter er and Total Chifeeder cago Dolls, p. 100 Ibs. Thousands of animals $8.51 7.04 8.70 9.58 12.81 16.42 17.50 1913 mo. 1914 mo 1915 mo 1916 mo 1917 mo. 1918 mo. 1919 mo. 2,120 2,537 2,501 1,685 1, 874 2,271 371 434 580 917 1,017 1,215 1,275 1,226 1,278 1,595 1, 684 1,355 1,264 2,230 2, 195 2,395 3, 014 2,932 2,305 2,048 14.19 8.45 9.39 7.70 8.48 12.22 12. 35 1, 961 2,014 19864 1,835 1,850 1,842 1,989 432 258 347 373 390 361 384 35 51 40 38 1,252 1,469 1,760 2,271 1,959 2,525 3,132 4,335 9.86 10.78 9.58 9.96 3,027 3,295 1, 879 1,605 6,105 4, 558 3,528 3,246 38 35 52 41 2,176 1,580 1,239 1, 199 3,910 3,010 2,285 2, 039 10.80 11.15 13.48 12.58 9.66 10.50 11.56 12.08 3,283 3,507 2,798 2, 549 36 49 35 30 1,346 1,222 995 952 1,931 2, 298 1, 804 1, 586 1,227 1,450 1,232 1,248 12.44 11.91 10.58 10. 04 2,741 3,390 3,844 4,380 33 45 61 77 1,092 1,323 1,524 1,618 572 603 1,144 1,013 1,221 1,113 9.38 9.69 9.69 9.13 4,304 3,372 3,579 3,135 65 58 56 54 218 169 198 252 668 658 658 776 1,194 1,217 1,168 1,171 9.06 9.59 9.42 8.98 3,037 3,143 2,854 2,804 521 693 570 301 1,100 1,310 1,112 739 1,290 1,356 1,326 1,136 10.19 9.89 9.39 9.72 2,819 3,261 3,554 3,910 1,922 2,108 2, 052 321 400 418 440 789 859 896 1920 mo. av__ 1921 mo. av_1922 mo. av__ 1923 mo. av_1924 mo. av__ 1925 mo. av_ .. 1926 mo. a v _ _ 1,850 1, 649 1,935 1,934 1,975 2,000 1, 990 342 292 405 379 331 319 308 September. ._ October „. November. .December 1925 January February March April Lambs, Chicago Dollars per 100 pounds Thousands of animals $8.37 8.36 7.13 9.62 15.71 17.60 18.24 av av av av av_av__ av_ _ Price 2 Shipments Price, Local slaugh- heavy, Chiter cago 2 762 855 1,053 $4.69 5.04 5.93 7.17 10.33 11.29 9.35 $7.79 8.12 9.23 10.02 16.09 17.33 16.13 1,047 944 973 977 983 976 1,376 915 1,071 889 856 867 867 949 8.74 3.41 5.81 6.09 6.91 7.21 6.39 15.90 9.99 13.22 13.46 14.29 15.22 13.73 973 1, 436 676 206 1,876 2,267 1,154 750 1,097 1,020 775 854 5.41 5.81 6.33 7. 58 13.18 13.44 13.34 15.98 1,467 1,388 1,504 1,541 138 119 94 109 688 675 670 704 786 711 836 833 8.69 8.44 9.18 7.92 17.63 17.27 16.05 14.16 12.18 12.70 13.79 13.13 1,689 1,603 1,699 2, 064 178 137 193 421 877 693 763 1, 037 830 908 939 998 6.53 5.63 6.31 6.40 12.28 14.87 14.66 14.60 1, 645 2,081 2,300 2,776 12.88 11.69 11. 32 10.88 2,627 3,198 1,712 1, 608 857 1,392 475 220 1,619 2, 287 927 771 981 945 793 840 6.19 6.41 6.79 8.06 15.09 14.81 15.25 15.94 1,581 1, 345 1,428 1,264 2,721 2,035 2,144 1,871 11.63 12.05 11.49 11.74 1,548 1,486 1,695 1,502 155 107 83 124 694 615 695 698 856 863 1,001 801 7.89 7.89 7.70 8.53 14.84 13.28 12.73 13.53 68 72 49 51 1,164 1,048 989 1,084 1,872 2,087 1, 873 1,711 13.29 13.96 12.98 11.85 1,717 1,913 1,739 2,277 130 238 260 567 838 916 828 1,176 885 998 912 1,058 7.05 5.31 5.88 5.87 14.20 16.13 14. 26 13.95 84 129 126 105 1,142 1,334 1,314 1,476 1,673 1,933 2, 222 2,441 12.38 12.97 12.09 11.77 3,279 3,090 1,917 1,708 1,081 1, 150 493 223 2,124 2,099 988 780 1,147 999 932 934 5.77 5.81 5.77 5.64 13. 78 13.28 12.70 12.04 1924: May June July A.ugnst _- September October November December 19^7 Januarv February March... April May June - "" II" i These figures, except prices, represent the movement at between 60 and 70 markets; data procured from the U. S. Department of Agriculture Bureau of Agricultural Economics. Monthly data from 1920 appeared in November, 1922, issue (No. 15), p. 115. 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. 90 Table 66.—PORK PRODUCTS PRODUCTION i (inspected slaughter) YEAH AND MONTH Total pork products Lard Total Lard APPARENT CONSUMPTION * COLD-STORAGE HOLDINGS 3 EXPORTS « (end of month) Other products Total Lard Lard, Fresh and Total pork Smoked prime hams, contract, cured products 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, 117 450, 851 524, 294 565, 691 449, 570 583, 154 588, 977 1920 monthly average... 1921 monthly average... 1922 monthly average.. . 1923 monthly average... 1924 monthly average... 1925 monthly average... 1926 monthly average... Dollars per pound 87,986 82,058 76, 826 113, 205 120,941 108,142 187, 558 219, 803 35, 555 31,060 45, 735 63, 409 85, 377 77, 149 141, 819 156,394 644, 543 669, 283 875, 406 920,922 85,741 74, 117 90, 959 92, 212 558, 802 595, 166 784, 364 828, 747 539, 452 560, 212 618, 276 765, 178 734,963 610, 226 606,044 104, 622 119, 216 130, 652 159, 686 160, 849 122, 537 122,247 128, 052 135,887 123, 912 165,645 139,483 102, 268 93,321 51, 021 72, 412 63, 913 86,282 78, 668 57, 234 58, 248 76, 983 65, 896 60, Oil 79,338 62, 621 44,838 35,073 898,845 761,914 647, 594 837, 352 827, 581 753, 480 646, 715 120, 413 119, 705 86, 573 77, 358 89, 855 108, 020 94,843 492,898 560, 043 723, 213 1,027,375 103, 645 106, 781 130, 184 192, 596 114,656 111,952 91,730 120, 607 65, 810 60, 813 49, 120 76, 803 48, 842 71, 873 42,610 43,804 649, 371 439,437 463, 233 708, 413 950,738 723,465 547, 772 519, 331 194, 189 161, 697 115, 016 113, 277 144,221 114, 706 123,423 83,215 78,440 60, 363 63,281 44,447 65,781 54,343 60,000 38, 768 555, 823 650, 452 512, 095 457, 345 109, 183 124,507 118, 969 90,421 109, 173 104, 146 89,975 83,226 71, 135 59, 779 49,414 45,740 September October November D ecember 461, 253 563,747 606,706 773,984 84,972 104,288 106,206 147,716 102, 152 81, 321 76, 418 115,241 1936 January February - ....... March April -— 802,879 604, 958 649, 871 572,037 162, 314 126, 905 138, 567 126, 385 568,585 646, 770 616,289 563, 719 475,867 479, 917 568, 835 722, 806 1934 September October November December 1935 January February March ... April May June July August - ._- . - .-- —. May JUly September October November December .... WHOLESALE PRICES 5 431, 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, 460 551, 872 417, 203 435, 295 481, 376 588, 051 600, 103 524, 712 512, 630 .334 .268 .265 .212 .202 .271 .307 .200 .111 .115 .123 .133 .168 .150 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 .169 891, 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 38, 038 44,347 40, 563 37, 291 886,713 884,574 815, 460 698, 513 138, 295 145, 919 145, 924 114, 724 748, 418 738, 655 669, 536 583, 789 526, 195 549, 338 492, 017 492, 088 .256 .263 .293 .298 .163 .176 .181 .179 60, 646 44, 745 39, 979 68,840 39,506 36, 576 36, 439 46,401 539,004, 429, 861 418, 737 514,697 71,626 37,256 33, 710 42,478 467, 378 392, 605 385, 027 472,219 519, 282 592, 235 541, 736 563,011 .292 .283 .282 .280 .178 .164 .162 .150 130,829 109,764 104,678 100,619 76,670 65, 356 64,259 63, 160 54,159 44, 408 40,420 37,459 620,229 685, 992 719, 702 702, 163 64,187 76, 145 93, 108 98, 365 556, 042 609, 847 626, 594 603, 798 566, 918 429, 713 511, 952 489, 416 .278 .288 .295 .301 .157 .152 .150 .145 117, 241 122, 885 133,702 114, 803 93, 366 85,094 72, 557 87,944 58,154 56, 482 45, 879 54,273 35, 212 28, 612 26, 678 33, 671 681, 296 722, 703 796, 245 774, 319 106,824 120,527 153, 572 151, 233 574, 472 602,176 642, 673 623,086 496,451 521, 083 470, 705 498,315 .310 .340 .351 .329 .159 .170 .165 .156 97,466 92,967 106,061 130, 398 93, 835 76,906 72, 914 91,347 61, 577 46,988 43,488 62,690 32, 258 29, 918 29,426 28, 657 619,909 477, 978 434, 972 525, 074 105, 558 72, 355 46,744 49, 498 514, 351 405, 623 388,228 475, 576 537, 320 546,837 540, 331 542,448 .320 .303 .293 .280 .150 .142 .128 .128 • 1937 January February March April May i Production of pork products, including lard, from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal Industry, given as total dressed weight, excluding meat from condemned animals. Slaughter of hogs under Federal inspection according to 1919 census figures amounted to 68 per cent of total slaughter. Monthly data from 1920, slightly revised since, given in May, 1922, issue (No. 9), p. 95, including data on exports, storage holdings, and apparent consumption also. Monthly data on lard from 1916 appeared in March, 1924, issue (No. 31), p. 54. J Exports reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The total includes bacon, ham, shoulders, lard, neutral lard, and canned, fresh, and pickled pork. In the division between lard and other products, neutral lard is included with " Other products." 3 Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. No allowance for this has been made in computing index numbers. 4 Apparent consumption including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural Economics from the inspected slaughter, less condemned animals, plus net imports less exports and reexports and the change in cold-storage holdings. a 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 froin 1919 appeared in September, 1923, issue (No. 25), p. 55. 91 Table 67.—OTHER MEATS BEEF YEAR AND MONTH Production (inspected slaughter)! MISC. MEATS LAMB Wholesale prices 5 Coldstorage Apparent conEx- 2 - holdings? Steer Good ports end of 3 sumption * native rounds. month steers, No. 2, Chicago Chicago Cold Cold Produc- Cold- Appar- storage Produc- storage tion (in- storage Apparent holdent conholdtion spected holdings, consumpln sump[(inspected slaugh- end tion * end of Fv tajPv end of slaughter)! month 3 of 3 tion 4 ter)! month month 6 Thousands of pounds Dolls, per pound Thousands of pounds 354, 440 420, 946 467, 135 431, 602 $0. 130 .136 .129 .138 .167 .221 .233 $0. 131 .133 .124 .130 .162 .221 .224 45, 661 44,623 38,445 37, 564 28, 287 31, 831 38, 539 3,722 4,531 6,026 8,291 38, 439 29, 141 31,299 39, 166 156, 117 99, 623 68, 521 75, 689 79, 712 80, 156 64, 370 400, 648 375, 060 411, 561 427, 455 440, 131 460, 585 478, 728 .230 .163 .150 .158 .171 .181 .164 .213 .145 .145 .153 .152 .158 .157 34, 399 41,096 34,820 37,188 38, 030 38,943 41, 731 20, 174 22,090 3,294 3,742 2,495 1,731 2,619 1,960 2,152 2,853 2,043 140, 705 130, 809 116, 318 96, 223 481, 583 387, 219 438, 123 450, 644 .183 .183 .183 .183 .133 .135 .148 .153 39, 655 34,910 40,572 40,610 435,890 418,082 478,231 444,474 2,198 2,202 2,369 2,382 74,618 61, 554 49,674 45,214 457, 054 430, 103 489, 204 447, 509 .178 .175 .178 .185 .162 .173 .192 .188 466, 438 569,094 451, 396 499, 739 2,353 2,273 1,749 1,928 40, 719 47,481 73,564 84,996 469, 695 563, 086 424,809 487, 985 .185 .185 .178 .170 458, 376 395, 362 450, 058 450, 142 1,754 2,083 1,913 2,180 80,538 77,690 70, 781 59,978 462,650 397, 616 456, 197 460, 438 May June July August 457, 575 495, 925 447, 515 461, 661 1,502 2,292 2,501 2,168 52, 579 48,688 46,048 41, 697 September October November December.. 540,945 645,988 512, 357 494,665 2,805 1,984 2,190 1,697 46,250 61, 198 85,977 101, 016 1913 1914 1915 1916 1917 1918 1919 monthly average. . monthly average monthly average monthly average . _ monthly average. . monthly average. _ monthly average. . 329, 811 314, 784 331, 971 383, 268 457, 910 522, 309 448, 074 3,016 7,161 31, 297 22, 724 29, 142 58, 334 22, 592 127, 200 192, 343 256, 523 237, 123 1920 monthly average. . 1921 monthly average. . 1922 monthly average. . 1923 monthly average. . 1924 monthly average. . 1925 monthly average.. 1926 monthly average. . 395, 093 371, 108 414, 045 427, 407 444,005 456, 643 475, 881 11, 599 3,417 2, 921 2,447 2,253 2,205 2,089 480, 692 378, 932 425, 739 431,009 1935 January February March May June July August - September October November December 1936 January February.. March April _ ._ TOTAL MEATS 7 48, 182 86,774 103,078 852, 589 810, 258 894, 710 986, 523 935, 767 1, 137, 294 1, 075, 590 813, 465 1, 133, 687 1, 177, 201 824, 727 793, 573 876, 854 854, 349 37, 703 43, 003 35, 830 37, 615 38,047 39, 140 41, 694 82,474 79, 137 53,641 67,540 72,060 73,021 54, 674 968, 944 972, 417 1,067,141 1,229,773 1,216,998 1, 105, 812 1,124,073 1,037,197 843,059 686,477 907, 388 891,992 800,368 673, 535 855, 554 853, 358 928, 766 1, 053, 121 1,078,281 1,024,436 1, 033, 052 2,336 2,294 2,090 1,998 40, 275 34, 953 40,710 40,680 98, 162 101, 163 94,128 87,090 1, 471, 085 1, 137, 307 1, 014, 083 990, 950 1, 019, 995 1, 145, 770 1,099,621 905,536 1, 042, 093 941,396 999,500 , 942, 125 40,698 36,417 39,374 38,870 1,913 1,535 1,349 1,339 40, 761 36, 537 39, 361 38, 698 80,070 76, 586 69,866 64,573 1,032,411 1, 104, 951 1, 029, 700 940,689 905,019 878, 330 790,425 694, 915 1, 024, 010 1,015,978 1, 020, 582 978, 295 .173 .160 .143 .131 40,994 41, 701 34,049 39, 468 1,112 1,435 1,549 1,820 41, 505 42,287 34, 524 39,383 52,550 44,954 50,415 56,696 968,685 1, 174, 542 1, 092, 151 1, 313, 191 561, 759 486, 475 510, 555 615,731 1, 030, 482 1, 197, 608 1, 001, 069 1,090,379 .170 .163 .160 .160 .147 .150 .150 .152 42,684 40,946 47, 611 40,318 2,354 3,346 3,289 2,393 42,526 40, 016 47, 676 41,247 57,168 54,825 52, 399 48, 174 1, 303, 939 1, 041, 266 1, 147, 540 1, 062, 497 696, 102 745, 708 753,063 714, 343 1, 072, 094 867, 345 1, 015, 825 1, 000, 101 465, 155 498,764 495,007 465,917 .160 .160 .162 .160 .159 .162 .170 .170 36,728 39, 818 87,935 40,260 1,697 1,871 1,813 1,929 37, 362 39, 676 37,786 40, 134 48, 033 52, 985 57, 053 58,557 1,062,888 1, 182, 513 1, 101, 739 1, 065, 640 676, 781 705, 720 747, 587 725,269 998, 968 1, 059, 800 1, 003, 518 1,004,433 536, 285 531,354 486, 723 479, 341 .163 .170 .170 .170 .170 .162 .145 .141 45, 485 43, 892 39, 737 45,354 2,234 2,814 3,166 4,519 45,470 43,825 39, 762 44,725 56,135 52,590 53,960 64,210 1,062,297 1,069,797 1, 120, 929 1, 262, 825 618,970 522, 225 531,331 645, 321 1, 119, 198 1,122,016 1,066,817 1, 066, 514 1937 January February March April May June ! Production from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal Industry, given as total dressed weight, excluding meat from condemned animals. The slaughter under Federal inspection, according to census figures for 1919, amounted to 82 per cent of the total number of animals slaughtered in the United States in the case of beef and 91 per cent for lamb. Monthly data from 1920, including also exports, storage holdings, apparent consumption, and prices, appeared in May, 1922, issue (No. 9), p. 95. Veal is included in the beef figures and mutton in the lamb figures. 3 Exports, as reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include fresh, canned, pickled, and cured beef. 3 Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. No allowance for this had been made in calculating index numbers. Figures represent storage holdings on the last day of each month. Beef holdings include frozen, cured, and in process of cure, while lamb4 holdings embrace frozen lamb and mutton. Apparent consumption, including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural Economics, from the inspected slaughter, less condemned animals, plus net imports less exports and reexports and the change in cold-storage holdings. Monthly data on total meats from 1916 appeared in the March, 1926, issue (No. 55), p. 23. * Wholesale prices are averages for the month -from U. S. Department of Labor, Bureau of Labor Statistics. 6 Compiled by U. S. Department of Agriculture and include all stocks of beef, pork, and mutton trimmings and edibles offal that have been frozen, cured, or otherwise prepared for food. Data do not include trimmings that have not been frozen, cured, nor processed, nor sausage or canned-meat products. Data are given for the end of each7 month. Monthly data from August, 1917, appeared in the April, 1926, issue of the SURVEY (No. 56), p. 20. Average for five months, August to December, inclusive. 92 Table 68.—CONDENSED AND EVAPORATED MILK Evaporated Condensed i Case Case Bulk goods goods goods Evaporated Total Total Bulk goods Evap« orated Condensed Case Case Bulk goods goods goods Case Bulk Case goods goods goods 131,501 122, 014 119, 279 147, 907 141, 712 148, 488 29, 008 16, 987 19, 531 16, 567 15, 777 15, 797 8,979 82, 117 7,365 85, 798 8, 862 79, 457 12, 258 104, 963 12, 001 100, 109 13, 246 100, 704 235, 138 173, 926 137, 225 166, 022 186, 925 161, 388 11, 398 11, 864 11, 430 14, 119 13, 825 16, 626 56, 515 19, 701 31, 375 17, 999 21, 166 9,875 20, 181 18, 505 19, 236 16, 727 29, 792 7,790 EXPORTS £ Case goods •e Total a ! 5. | Dolls, per case Thousands of pounds 1920 mo. av 1921 mo. av 1922 mo. av 1923 mo. av 1924 mo. av 1925 mo. av 1926 mo. av i WHOLESALE PKICES 2 158, 214 123, 661 105, 872 127, 089 150, 693 123, 538 123, 436 116,560 87, 342 104, 558 132, 998 113, 852 29,083 23,346 14, 833 13, 429 14, 119 20,843 81, 890 79, 207 64, 711 79, 750 109, 751 88, 189 11, 846 13, 142 7,504 11, 142 8,870 4,092 9.50 7.06 5.25 6.24 6.99 5.91 5.86 Thous. of pounds 6.01 5.10 4.14 4.71 4.15 4.33 4.42 34, 256 23, 094 24,144 7,825 15, 625 4, 734 16, 180 4,781 17,185 5, 331 12, 314 3,559 9,640 3,226 14, 040 17, 616 13, 325 11, 876 11, 078 9,363 8,688 9,849 12, 793 11, 223 8, 772 8, 285 202, 977 180, 054 159, 593 123, 428 22, 616 18, 070 14, 604 11, 830 ' 15, 476 13, 974 11,802 9,161 164, 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 4,168 116, 808 112, 553 100, 639 40, 032 1925 January. _. February . March April __ 110, 002 108, 448 136, 887 163, 017 12, 801 12, 508 16, 442 19, 978 9,900 77, 871 9,430 9,036 76, 386 10, 407 12, 337 94, 663 13, 178 13, 690 112, 573 16, 776 91, 205 90, 869 110, 565 140, 713 12, 208 12, 321 13, 554 17, 585 7,066 5,956 5, 537 5,683 71, 857 72S 460 91, 309 117, 321 35, 318 47, 323 69, 330 1G3, 895 2,209 2,628 1, 702 8,273 3,113 2,407 2, 557 2,504 May June July August 213, 162 218, 100 191, 238 155, 436 26, 561 23, 137 22, 022 21, 050 20, 469 14, 979 12, 481 12, 129 141, 552 144, 933 130, 866 109, 591 21, 912 30, 095 24, 924 21, 235 193, 307 187, 636 194, 865 212, 903 31, 035 43, 243 48, 244 46, 757 10, 363 13, 988 11, 795 10, 098 151, 120 129, 947 134, 328 155, 654 154, 681 102, 803 138, 956 163, 453 22, 711 31, 622 38, 621 39, 425 September October... November December. 126, 552 127, 661 97, 057 110, 298 9,815 12, 922 11, 428 12, 137 8,897 12, 073 9,523 12, 205 89, 989 90,286 65, 152 74, 588 17, 851 12, 380 10, 954 11, 368 207, 263 185, 624 165, 682 158, 272 42, 208 34, 792 29, 685 25, 876 7,340 157, 381 6,370 144, 324 4,619 131, 251 4,660 125, 501 159, 310 140, 022 130,317 119,821 1926 January. -_ February _ March April 120, 475 112, 238 139, 381 160, 154 13, 710 10, 613 12, 459 14, 705 15, 248 14, 634 16, 345 17, 272 82,954 78, 059 97,081 113, 891 8,368 8, 215 10, 732 14, 286 136, 015 118, 346 115,417 128, 496 22, 889 19, 142 17,008 19, 082 5,718 6,081 9,028 10, 829 107, 304 92, 974 89, 225 98, 414 202, 091 228, 070 18, 197 17, 450 25,002 28, 971 138, 982 159, 523 19, 910 22, 126 153, 710 228, 158 242, 102 241, 547 26, 068 15, 701 36, 734 21, 392 37, 285 23, 310 40, 821 23, 136 207, 422 174, 909 137, 491 34, 106 27, 945 23, 935 21, 478 18, 438 13, 714 May June July August 88, 140 83, 125 62, 578 67, 202 September October November December - 11, 162 16, 319 10, 891 11,407 11, 854 8,755 6, 220 I I 1924 September 128, 051 October___ 121, 329 November 92, 363 December. 97, 212 Evaporated Condensed YEAR AND MONTH Total UNSOLD STOCKS i (end of month) Condensed TOTAL STOCKS i (end of month) PRODUCTION i 5.81 3.92 5.85 3.89 5.85 3.92 5.87 3.99 20, 084 22, 600 15, 123 10, 862 4,192 6,265 4,306 3,096 15, 892 16, 335 11, 029 7,768 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 6,632 8, 157 7,586 3,735 125, 092 62, 568 92, 255 119, 899 5.88 5.88 5.86 5.85 4.09 4.33 4.46 4.51 14, 251 18, 213 15, 771 13, 120 3,519 3, 560 3,962 3,153 10, 732 14, 653 11, 809 9,967 33, 888 28, 489 24, 181 21, 363 3,346 3,210 2, 308 3, 548 121, 745 108, 185 103, 700 94, 775 5.88 5.98 6.03 6.04 4.49 4.50 4.49 4.54 15, 687 10, 323 7,970 9,775 2, 348 13, 339 4,552 5,771 3,316 . 4,654 4, 203 5,572 103, 799 89, 045 82, 613 95, 807 17, 592 14, 909 11, 723 14, 424 3,217 3,822 7,070 4,768 82, 897 70, 187 63, 730 76, 465 6.00 5.95 5.95 5.92 4.72 4.44 4.38 4.36 9,695 8,478 11, 500 12, 946 3,733 3,777 3, 642 3,685 5,962 4,701 7,858 9,261 111, 659 169, 533 181, 287 177, 323 107, 291 167, 693 179, 708 174, 441 20, 439 30, 943 31,931 32, 545 7,073 10, 083 9,138 9,148 79, 518 126, 383 138,475 132, 531 5.86 5.86 5.87 5.75 4.34 4.33 4.33 4.36 9,776 10, 825 9,160 7,992 2,813 3,472 3,537 2,139 6,963 7,353 5,623 5,657 151, 687 123, 346 99, 681 150, 738 133.412 100, 723 26, 711 23, 010 18, 628 8,203 7,869 4,995 115, 700 104, 385 74, 965 5.76 4.45 5.85 4.41 5.85 4.42 5.68 4.48 8,481 7,349 9,268 10, 213 3,001 2,521 2,939 3,454 5,191 4,657 6,115 6,499 1927 January February . March April i 1 May June i " ! 1 ii i j 1 Data on production and stocks from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically the entire 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 fflr bakeries, etc., while case goods are for the retail trade. 2 Wholesale prices compiled by U. 8. Department of Labor, Bureau of Labor Statistics, are averages of weekly prices at New York. A case of condensed milk contains 4814-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 ExDorts are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 93 Table 69.—FLUID AND POWDERED MILK AND ICE CREAM ICE CREAM FLUID MILK Receipts YEAR AND MONTH Greater New Yorki Boston (includ. Philacream) 2 delphia 3 Baltimore 4 Thousands of quarts 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average. 1917 monthly average 1918 monthly average 1919 monthly average ConProduction, sumpMinne- tion in apolis, oleomarSt. Paul « garine 6 Production 7 Thousands of pounds Thous. of gallons 59, 840 60, 520 POWDERED MILK Production 7 Net orders 9 Stocks, Ex- 10 end of month s ports Thousands of pounds 1,749 63,600 64, 520 66, 080 70, 520 74, .920 11, 727 12, 193 13, 059 81, 440 85, 760 89, 280 98, 440 99, 640 103, 617 13, 865 14, 116 14, 878 15, 391 15, 930 16, 511 21, 107 21,354 23,461 24,253 24, 003 May June July August 107, 040 110, 440 106, 920 17, 472 19, 388 18,104 17, 227 September October. November December 105, 880 103, 480 99, 840 101, 840 100, 880 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1926 monthly average 5,715 7,145 10,470 11, 098 1,549 2,147 2,530 3,634 11, 645 11, 775 7,314 6,395 12, 881 7,092 264 787 516 203 461 304 222 5,026 7,060 5,125 4,528 8,173 8,100 8,280 9,777 286 286 352 291 5,771 5,608 4,643 5,068 4,005 4,523 3,870 3,715 8,634 7,396 6,371 5,954 392 201 376 336 8,080 7,973 10, 481 13, 678 5,874 5,780 8,111 9,549 4,363 4,448 4,893 5,115 5,726 5,774 5,278 7,286 203 190 285 285 23, 115 25, 840 11, 550 13, 036 6,142 6,806 5,837 5,363 9,861 12, 884 14, 599 14, 941 181 178 209 196 5, 031 5,249 4,426 4,366 14, 146 12, 299 10, 292 289 171 213 259 5,944 6,203 7,786 12, 141 13, 224 17, 895 21,005 23, 286 11 4, 876 4,386 5,426 5,564 5,740 12, 357 12, 193 13, 108 15, 284 15, 130 17, 865 4,436 3,566 3,901 5,734 6, 426 6,854 25, 027 27, 635 25, 195 23, 465 7,254 6,867 6,297 6,649 28,212 28,854 26, 413 21, 730 5,189 4,407 4,761 5,318 22, 380 34,647 33, 179 29, 785 11,241 10, 931 8,761 7, 165 • 16, 305 16, 277 15, 649 15, 899 23, 621 23,583 22,905 21, 836 5,981 5,929 5,545 6,051 18, 322 19, 417 20, 255 23, 875 5,708 7,483 7,077 7,133 23, 081 10, 407 8,586 7,761 105, 560 105, 160 16, 010 14, 876 17, 128 16, 800 20, 441 19, 157 22, 032 23, 240 6,465 6,060 6,813 6,720 27, 188 26, 126 29, 153 27,685 6,616 5,972 6,522 5,690 111, 120 111, 040 114, 040 110, 920 18, 231 19, 279 19, 868 18, 027 23, 422 23, 107 24, 213 22, 752 7,824 8,029 6,969 6,761 30, 499 29, 191 25, 229 21, 771 5,134 5,250 4,690 4,651 107, 240 108, 480 101, 880 17, 570 17,758 16, 772 20, 134 6,722 6,538 6,201 19, 070 5,991 6,504 6,891 3,948 4,347 5,170 1935 116,080 _ __ _ 1936 January. February _ March April . May June.. July.. August __ 92,800 _ September October November December __ _ . ._ 1927 January.. February March... April... May June 1 ""T Receipts of milk, excluding cream, in the metropolitan area around New York City, including many large cities in New Jersey, from the Milk Reporter. Monthly data2 from 1920 appeared in the July, 1922, issue (No. 11), p. 46. These data have been computed from original figures in 40-quart cans, previously shown in the survey. Receipts of milk at Boston by rail, including cream, from the Massachusetts Department of Public Utilities. Monthly data from 1920 appeared in the July, 1922, issue (No. 11), p. 46. 3 Receipts at Philadelphia, including cream and condensed milk, from the Philadelphia Milk Exchange, with current figures given by the Interstate Milk Producers' Association. Monthly data from 1920 were given in the September, 1922, issue (No. 13), p. 50, and later data in the August, 1924, issue (No. 36), p. 155. 4 Receipts at Baltimore from Wharton School of Finance and Commerce, estimated to represent more than 90 per cent of the total milk receipts in that city. 5 Production of whole milk by members of the Twin City Milk Association, including most of the area within a 40-inile radius of Minneapolis and St. Paul. Monthly data6 from 1920 appeared in the July, 1922, issue (No. 11), p. 46. Data from U. S. Treasury Department, Bureau of Internal Revenue, showing consumption of milk in the manufacture of oleomargarine. Monthly data from July, 1921 appeared in the March, 1926, issue (No. 55), p. 25. 7 Data from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically complete production, but reported only every three months, Monthly data from 1920 on production of powdered milk appeared in the October, 1925, issue (No. 50), p. 26. 8 Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Stocks comprise powdered milk derived from whole milk, skim milk and unskimmed milk as of the end of the month and include both case and bulk goods, the former being comparatively small. Monthly data from 1920, divided as between case and bulk goods, are given in the November, 1925, issue (No. 51), p. 23. 8 Compiled by the American Dry Milk Institute from 31 identical firms which in 1924 produced 61 per cent of the totals as compiled by the Department of Agriculture Monthly data from 1924 appeared in the November, 1926, issue (No. 63), p. 19. Data on stocks held by 21 institute members appeared in October, 1925, issue (No. 50), p. 26. The 10association reports also include production and unit prices of members. Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, 11 Six months' period, July to December, inclusive. 94 Table 70.—BUTTER, CHEESE, AND EGGS BUTTER CHEESE ® 3 YEAR AND MONTH Production (factory) i Apparent consumption 2 ColdReceipts storage holdat 5 ings, markets s creamery 4 mo. av mo. av_. mo. av__ mo. av__ mo. av__ mo. av__ mo. av__ 129, 466 143, 811 149, 671 155, 584 161, 175 163, 875 33, 563 39, 012 43, 893 45, 448 48, 956 47, 666 47, 745 59, 754 52, 623 50, 959 47, 074 73, 665 61, 665 67, 693 .586 .429 .403 .464 .418 .459 .439 32, 693 31, 930 33, 531 35, 852 39, 024 41, 917 31, 304 31, 709 33, 992 35, 733 38, 956 145, 478 164, 253 158, 920 136, 738 200, 764 189, 342 182, 636 177, 029 56, 838 74, 171 69, 970 55, 064 13, 036 63, 687 109, 075 128, 403 .420 .429 .434 .448 55, 562 108, 325 104, 520 85, 492 91, 136 171, 882 167, 629 142, 082 150, 393 45, 005 43, 463 35, 455 36, 199 114, 172 94, 916 74, 754 52, 785 .488 .554 .511 .489 94,436 90,839 138, 165 131, 461 142, 617 147, 225 39, 424 39, 507 46, 077 45, 501 39, 381 26, 313 17, 392 17, 527 184, 452 185, 795 178, 825 181, 506 54, 464 75, 931 68, 393 173, 808 167, 692 158, 407 September .. October November.. December... May June July August September October November December 1 38, 336 1925 Mav June July.. August 1936 January February March April 80, 539 54, 572 49, 737 67, 229 $0. 593 71, 965 87, 912 96, 126 104, 268 113, 007 113, 460 108, 410 115, 060 147, 758 168, 525 Dolls, perlb. Thousands of pounds 51,588 138, 109 123, 796 126, 844 ColdRe- storceipts age Exports Coldat 5 holdProduc- storage Whole mar- ings sale 9 kets a (case4 tion* bold-4 price 6 CanU.S. ings eggs) ada 7 ColdAppar- ReProduc- entcon- ceipts storage Im- 6 tion i sump- 5 marhold-4 ports 3 tion* kets ings per Ib. 1 63, 293 66, 107 70, 833 1920 mo. av.. 1921 mo. av.. 1922 mo. av_. 1923 mo. av.. 1924 mo. av.. 1925 mo. av__ 1926 mo av ogg PA American 8 Total, all varieties Dolls, Thousands of pounds 1913 1914 1915 1916 1917 1918 1919 -s «s ®u» EGGS 4,632 221 4,623 316 3,235 5,246 2,376 4,508 528 4,448 630 4,034 944 1,180 12, 942 12, 076 11, 442 16, 081 16, 492 14, 573 10, 533 11, 135 11, 104 16, 189 83, 887 41, 599 53, 805 14, 055 16, 695 16, 655 18, 254 17, 921 18, 488 17, 324 52, 917 43, 939 41, 637 52, 431 66, 536 6S, 489 72, 673 1,333 2,239 3,881 5,368 4,931 5,200 1,358 981 417 694 358 766 325 12, 562 11, 221 49, 366 44, 334 36, 616 39, 026 18, 530 24, 020 25, 825 22, 472 42, 888 61, 992 83, 568 95, 472 4, 333 388 482 351 319 8,721 25, 660 23, 508 43, 726 41, 275 31, 557 29, 289 42,450 20, 520 49, 980 40, 143 38, 409 21,029 17, 059 14, 012 97, 777 90, 866 84, 561 76, 649 279 353 345 381 .447 .449 .408 .392 27, 667 27, 888 34, 729 37, 681 39, 057 37, 214 43, 778 42, 198 14, 854 13, 568 15, 056 15, 531 67, 531 58, 175 51, 285 47, 452 4,788 .404 .409 .403 .422 47, 686 55, 328 44, 059 45, 385 36, 060 36, 542 14, 973 21, 777 21, 972 52, 167 68, 771 90, 053 98, 473 5,165 50,476 30, 561 86, 897 131, 152 138, 151 44, 761 38, 166 34, 180 36, 054 125, 342 100, 871 64, 377 34, 355 .446 .462 .493 .528 43, 705 18,231 45,423 19, 252 95, 385 89, 785 81, 084 71, 920 7,449 9,722 64,180 58, 661 51, 292 40,636 20,735 15,954 42, 774 15, 984 5,963 4,459 4,046 5,424 6,819 6,848 6,312 3,131 4, 6-11 4, 872 5,908 5,087 6,520 11, 102 12,684 9,546 9,732 3,372 0 22, 079 20, 607 23, 486 21, 224 21, 811 23, 567 25, 676 27, 058 28, 937 Thousands of cases 10 28, 995 26, 125 47, 590 34, 646 41, 442 $0. 310 1,224 3,069 3,504 3,367 4,156 37, 559 30, 066 30, 675 39, 579 49, 483 52, 056 56, 956 .280 .216 .211 .241 .203 .234 .227 1,079 1,251 1,335 1, 391 1,284 1,290 1,300 3,261 4,171 5,137 5, 355 4,597 5,309 4,943 29,550 .214 .226 .230 .241 2,193 1,315 1,042 7,712 9,482 10,024 9,873 930 709 433 625 8,612 6,322 3,786 1,683 38, 012 45, 782 46, 468 43,706 66,634 37, 659 76, 512 22, 646 25, 748 17, 469 12, 461 31, 548 28, 253 20, 349 18, 619 78, 582 66, 495 58, 457 .241 .252 .254 .246 340 335 432 348 2,668 2,580 2,548 50, 339 42, 587 38, 041 35, 597 .245 .243 .222 .200 906 1,070 1,741 1,303 17, 668 18, 237 22, 784 24, 656 2,087 578 77 872 3,735 351 261 309 254 3,280 6,667 32, 393 39, 133 39, 346 54, 069 20, 681 19, 903 81, 297 .199 .209 .212 .218 2,251 2,115 1,385 1,083 7,236 9,133 9,845 9,573 323 252 341 356 19, 343 23, 449 18, 601 13, 635 77, 646 72, 491 63, 881 54, 495 .231 .246 .245 .249 932 699 581 751 8,048 5, 888 3, 215 1,111 71,913 73,681 2,025 1927 February April May June ! 1 1 i 1 Data from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically complete factory production, but reported only every three months. Total production figures covering cheese, which include cottage, pot and bakers' cheese, are shown monthly from 1920, and American cheese production from 1917 in the 2 July, 1926, issue (No. 59), p. 23. Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, representing the disappearance of butter or cheese into trade. These data are computed from production (comprising actual factory data plus allowance for production on farms), imports, and the difference in cold-storage holdings. Monthly data on butter from 1917 appeared in January, 1926, issue (No. 53), p. 23, and on cheese from 1920, in the May, 1926, issue (No. 57), p. 29. 3 Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, covering Boston, New York, Philadelphia, Chicago, and San Francisco, and representing total of weekly figures with first and last weeks of month prorated. 4 Cold-storage holdings at end of month reported by U. S. Department of Agriculture, Bureau of Agricultural Economics, representing about 98 per cent of stocks held in public and private cold-storage warehouses. Monthly data on total cheese hoMin?s from 1917 appeared in the July, 1926, issue (No. 59), p. 23. s Average pf 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 Agricultural Economics. 6 Imports and exports for the United States from the U. S. Department of Commerce, Bureau of Foreign ana Domestic Commerce, representing all classes of cheese. Monthly data from 1909 appeared in the July, 1926, issue (No. 59), p. 23. ? Exports from Canada from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures through 1925 represent monthly averages for the Canadian fiscal8 year ended March 31 of the year indicated. American cheese figures are for whole milk cheese only and do not include cheese made from part skim milk, these latter usually totaling from 1 to 2 per cent of the American whole milk output. » Average of weekly prices of American cheese, No. 1 fresh twins, at Boston, New York, Wisconsin, Chicago, and San Francisco, as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics. 10 One case of eggs equals 30 dozen, or about 45 pounds net. 11 Five months' average, August to December, inclusive. 95 Table 71.—SUGAR WHOLESALE EXPRICE 2 PORTS i RAW CANE SUGAR Imports * YEAR AND MONTH Receipts, LouisiFrom crop Meltings8 From ana Hawaii foreign at New 4 and Orleans P. R. countries RETAIL PRICE 2 CUBAN MOVEMENTS (raw) GranStocks Refined, Raw, 96° Gran- Index, Receipts, at recen- ulated, in ulated, 51 Cuban Exports fineries, includtrifu- bbls., ing N. Y. cities end of 6 maple ports gal, month N. ¥. N. Y. Long tons Dollars per pound Eel. to 1913 Stocks, end of month Long tons 2,953 1,926 14, 524 35, 838 58, 812 37, 602 15, 152 $0. 035 .038 .047 .058 .063 .064 $0. 043 .047 .056 .069 .077 .078 $0. 049 .053 .059 .075 .088 .094 100 108 120 146 169 176 134, 225 125, 726 210, 908 246, 245 201, 760 272, 066 129, 447 120, 972 209, 971 237, 004 204, 422 265, 707 115, 706 106, 017 158, 830 191, 101 175, 770 184, 473 202, 648 323, 541 54, 891 34, 371 34, 739 68, 341 16, 520 16, 381 28, 228 7,957 .075 .130 .048 .047 .070 .060 .043 .043 .089 .126 .062 .059 .084 .075 .055 .055 .104 .182 .077 .066 .094 .084 .064 .061 205 353 146 132 184 167 131 125 328, 360 288, 281 291, 342 357, 892 290, 609 332, 554 420, 238 384, 321 323, 441 647, 341 274, 811 410, 287 233, 140 1, 047, 721 428, 302 617, 799 290, 065 395, 339 332, 035 455, 115 411, 793 713, 576 388, 866 816, 549 460, 822 478, 833 482, 824 438,767 325, 906 376, 868 323, 649 235, 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, 616 309, 213 201, 791 179, 225 447, 557 487, 380 336, 775 333, 938 1, 290, 663 1, 121, 345 970, 025 822, 799 None. 835 25, 248 27,583 459, 875 385, 647 262, 894 349, 139 187, 739 94, 511 92, 709 120, 146 40, 624 21, 614 19, 131 10, 728 .043 .039 .040 .041 .054 .050 .051 .053 .062 .059 .058 .058 127 124 120 122 158, 009 125, 012 88,119 181, 448 371, 200 281, 210 262, 855 327, 298 594, 378 460, 709 292, 119 132, 148 233, 821 434, 095 453,128 460, 240 28, 386 1,980 258 136 367, 439 444, 259 497, 912 464, 740 89, 144 178, 803 290, 061 461, 857 6,553 9,645 16, 141 11, 195 .042 .042 .040 .041 .051 .052 .049 .052 .058 .060 .059 .058 122 122 122 120 611, 099 769, 537 920, 480 757, 373 379, 723 445, 215 454, 631 465, 263 364, 430 684, 263 1,107,066 1. 452, 146 172, 569 May June .......... ... 151, 174 July 83, 537 58,206 August ........... 364,473 385, 027 284,411 313, 841 362 378 854 564 452, 681 491, 389 465, 144 453, 226 519, 595 541, 467 425, 902 341, 803 6,671 8,793 11, 692 7,095 .042 .041 .042 .042 .055 .054 .056 .055 .060 .061 .061 .062 122 126 126 127 354, 890 254, 748 163, 014 164, 744 360, 464 357, 859 300, 955 445,900 1, 442, 231 1, 327, 592 ; 1, 195, 658 935, 416 September October 326, 105 299, 863 352, 569 221, 927' 228 157 17, 722 11, 148 448,043 471, 192 347, 156 287, 655 222, 129 277, 687 246, 391 5,464 4,213 2,417 5,604 .044 .046 .047 .051 .056 .057 .058 .061 .062 .064 .064 .065 127 129 129 133 186, 580 197, 350 169, 202 62,829 473, 190 434, 253 342, 124 206, 816 603, 469 390, 989 225, 592 69, 741 1909-1913 monthly av 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 63, 336 66, 890 67, 984 69, 756 75, 683 80, 581 65, 951 175, 664 201, 437 196, 569 205, 716 183, 802 192, 219 16, 184 10, 109 8,501 14, 050 9,545 7,286 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1926 monthly average 69, 322 70, 803 74, 572 68, 436 63, 575 79, 142 100, 257 96,486 261, 149 298, 686 222, 005 362, 040 286, 806 307, 724 332, 711 344, 125 8,154 4,704 8,812 9,236 14, 102 6,601 4,952 5,181 326, 547 334, 981 296,130 429, 002 345, 730 378, 937 426, 075 144, 962 144, 345 118, 844 103, 961 406, 475 386, 492 324, 997 287, 018 102 623 557 124 98, 530 70, 940 21, 307 17, 939 320, 562 240, 030 220, 123 226, 953 1926 January ........... 58, 309 144, 273 February ....... 150,677 March .......... 183,482 April . .. r 242, 583 280, 333 364, 179 436, 913 308, 662 592, 065 1925 May June July August _ -_--. _ ........ September - ....._ October November ....... T}£C<vmbeT m mm ........ "NYwp.mhfir December 56, 798 61, 505 26, 827 20, 475 1927 January February March April May June 1 Imports of raw cane sugar and exports of refined from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports from foreign countries are mostly from Cuba and Central America while sugar from the Philippine Islands is also included in the imports from foreign countries, not in the data from noncontiguous territories, including Hawaii and Porto Bico. The original data in pounds have been converted into long tons for comparison with the other data. 2 Wholesale price of raw sugar, duty paid, wholesale and retail prices of granulated sugar in New York, and retail price index for 51 cities from U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices, except retail prices which are as of the 15th of the month. 3 Statistics of receipts at Cuban ports, exports from Cuba, and stocks at Cuban ports from Statistical Sugar Trade Journal. Monthly data from 1920 appeared in the June, 1922, issue of the SURVEY (No. 10), p. 49. 4 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. 6 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. 96 Table 72.—COFFEE, TEA, POULTRY, AND FISH COFFEE i YEAR AND MONTH Receipts in World United Brazil total States Clearances from Brazil To Total U.S. 11,819 11, 371 9,468 9,280 U.S.2 Thous. Dolls, oflbs. per Ib. Thousands of bags 1909-1913 mo av 1913 monthly av 1914 monthly av 1915 monthly av 1916 monthly av 1917 monthly av 1918 monthly av 1919 monthly av Imports into 1,835 1,577 1,727 2,017 2,611 1,851 1,213 955 1,151 1,072 1,249 1,009 1,261 762 990 1,207 1,103 1,261 1,014 813 831 393 491 474 544 610 536 359 75, 659 0.113 71, 044 .107 84, 256 .080 102, 438 .075 97, 241 .094 107, 209 .091 91, 788 .098 111, 130 .178 Imports into U.S.2 Stocks in United Kingdom * Thous. of Ibs. 8,241 7,418 8,151 8,842 8,814 10, 566 11, 044 6,747 107, 127 96, 338 107, 053 110, 784 67, 040 90, 408 153, 759 POULTRY Price, Formosa fine, New York 3 Visible supply, end of month TEA Price, Rio No. 7, Brazil grades. N. Y.3 1 FISH Canned salmon Cold Total Cold Recatch, storage ceipts storage prinholdholdat 5 ings ings cipal marof fishing U5th of Ship- Exports kets « (end mo.)6 ports 7 mo.)6 ments U.S.s Canada • Dolls, per Ib. Thousands of pounds 0.242 .249 .248 .240 .240 .318 .358 .353 10 13, 518 10 13, 549 10 14, 300 16, 936 15, 999 44, 032 18, 549 64, 798 17, 358 62, 501 61, 764 36, 604 106, 083 60, 167 85, 313 83, 875 76, 000 82, 833 106, 813 53, 396 75,729 55, 896 93, 875 134, 938 116, 476 Cases 1920 monthly av 1921 monthly av 1922 monthly av 1923 monthly a v 1924 monthly av 1925 monthly av 1926 monthly av 7,941 8,913 8,730 5,863 4,857 5,145 4,619 1,695 1,686 1,087 903 726 736 779 558 1,064 894 916 1,186 984 1,043 891 1,003 1,036 1,175 1,157 1,105 1,156 637 513 499 625 582 590 625 108, 118 111, 956 103, 837 117, 321 118, 047 106, 915 124, 443 .120 .072 .103 .115 .168 .203 .182 7,567 6,374 8,093 8,927 7,701 8,437 7,994 213, 843 211, 666 187, 796 151, 357 159, 665 192, 428 .337 .240 .303 .310 .316 .350 .355 18, 239 21, 355 23, 559 28, 397 30, 265 26, 733 30, 178 46, 146 50, 278 54, 276 68, 045 64, 990 82,046 70, 373 15, 675 13, 608 16, 260 16, 023 17, 005 19, 901 21, 999 45, 296 44, 355 35, 311 36, 210 45, 041 44, 084 46, 026 1935 May June July August 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 .186 .216 .197 .207 4,183 4,819 9,536 10, 144 188, 964 178, 900 162, 286 165, 129 .350 .350 .350 .350 16, 354 17, 918 17, 932 14, 466 68, 126 58, 562 53, 558 47, 946 17, 167 25, 261 24, 539 26, 839 23, 749 31, 980 40, 458 47, 474 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 .212 .195 .185 .171 11, 993 13, 088 11, 067 10,468 180, 327 181, 676 188, 859 203, 654 .350 .350 .350 .353 18, 804 27, 507 62, 272 68, 385 44, 345 53, 787 86, 733 111, 501 28, 184 21, 186 15, 174 9,401 55, 447 1, 205, 930 58,358 1, 100, 958 61, 849 503, 149 58, 048 659, 033 212, 619 216, 615 201, 648 196, 333 1936 January . _. _ February March April „_ _».. . 4,753 4,761 4,747 4,464 685 798 743 694 1,157 939 1,056 761 1,007 1,236 1,071 1,235 572 610 649 353 143, 268 122, 965 146, 048 129, 064 .185 .191 .182 .183 7,546 7,080 5,776 4,891 209, 655 202, 300 195, 388 179, 891 .355 .355 .355 .355 26, 765 19, 181 17, 638 13, 992 108, 512 95, 397 73, 124 52, 783 13,644 14, 756 23, 751 18, 539 48, 181 37, 378 24, 894 16, 154 325, 612 282, 987 368, 154 152, 126 115, 042 81, 854 94, 083 40, 313 May June July August 4,387 4,491 4,560 4,738 583 647 691 832 748 901 1,072 1,117 893 889 1,217 1,289 554 511 653 684 85, 424 104, 720 116, 702 122, 922 .198 .201 .198 .192 3,149 4,907 9,025 10, 056 163, 408 155, 595 148, 207 156, 850 .355 .355 .355 .355 16, 519 21, 311 20, 974 23, 164 42, 808 36, 730 35, 793 38, 634 22, 220 27, 929 29, 564 32, 043 21, 540 . 177, 464 31,345 368, 619 45, 606 581, 072 57, 627 840, 065 27, 146 19, 208 22, 708 100, 321 September October. November December 4,663 4,601 4,564 4,701 912 899 888 978 1,053 1,108 1,215 1,389 1,240 1,363 1,269 1,159 694 780 721 716 105, 163 159, 567 120, 518 136, 955 .177 .161 .163 .153 12, 148 11, 057 10, 737 9,559 175, 012 186, 861 196, 626 .355 .355 .355 .350 24,579 31, 105 69, 991 76, 919 44, 771 64,842 106, 854 144, 230 24, 414 23, 762 19, 924 13, 439 64, 657 1, 237, 767 70, 309 836, 374 75, 034 543, 333 69, 585 130, 796 245, 660 245, 883 121, 965 467, 086 471, 438 541, 804 513, 446 132, 926 279, 022 604, 231 757, 479 42, 063 20, 813 51, 915 135,306 1 1937 January February March _ April May June _ _ 1 Data on coffee, except imports and prices, 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 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices in the New York wholesale markets, except that prior tp 1918, the prices are averages of quotations on the first day of the month. * Compiled by the British Board of Trade, representing the quantity of tea remaining in bonded warehouses in the United Kingdom or entered to be warehoused on the last day of the month. Monthly data from 1913 appeared in the November, 1926, issue (No. 63), p. 26. fi Receipts at the markets of Boston, New York, Philadelphia, Chicago, 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. 6 Cold-storage holdings at principal warehouses compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Poultry holdings are given as of the end 7of the month, with fish holdings as of the 15th of the month. Monthly data from 1920 on poultry appeared in June, 1922, issue (No. 10), p. 43. Fish catch, representing landings of fresh fish from vessels at Boston and Gloucester, Mass., Portland, Me., and Seattle, Wash., compiled by II. S, Department of Commerce, Bureau of Fisheries. Details by ports are given in monthly statements. Monthly data from 1920 appeared in May, 1922, issue (No. 9), pp. 97 and 98. 8 Shipments of canned salmon from Puget Sound, Astoria, Portland, Oreg, (except small rail shipments), San Francisco, and in bond through Prince Rupert, B. C., representing practically complete pack of the United States, including Alaska, reported by Pacific Canned Fish Brokers' Association, in cases of 48 one-pound*cans to the case.9 Canadian exports of canned salmon from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures represent monthly averages for the Canayear ending March 31 of the year indicated. dian10fiscal Excluding Portland and Seattle. 97 Table 73.—TOBACCO UNMANUFACTURED MANUFACTURED PRODUCTS Wholesale price s Stocks 4 (quarterly) Sales, Production loose-leaf Exports, Chewing, (crop l ware- 2 leafs smoking, estimate) houses snuff, and export types YEAR AND MONTH Cigar types Burley, ManuTotal, good factured including leaf, imported dark red, tobacco and types Louissnuff ville Dolls, per 100 Ibs. Thousands of pounds 1Q18 monthly avftra,gft 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 monthly average 1923 monthly average _. 1924 monthly average 1925 monthly average 1926 monthly average _ _ 1, 465, 481 1, 582, 225 1, 069, 693 1, 246, 837 1, 515, 110 1, 251, 343 1, 376, 628 1, 323, 388 1909-1913 monthly average 1913 monthly average 1914 monthly average 1915 monthly average _ _ 1916 monthly average 1917 monthly average Consumption 6 (tax-paid withdrawals) Large cigars Thous. of Ibs. 31, 417 36, 754 28, 827 35, 877 39, 784 21, 186 33,656 810, 469 835, 462 915, 452 821, 564 923, 240 975, 427 369, 802 344, 971 361, 114 286, 007 275, 770 291, 214 1, 234, 014 1, 224, 524 1, 343, 396 1, 165, 332 1, 250, 801 1, 337, 747 $13. 20 14. 65 13.79 15.23 22.30 36.57 36, 990 36, 745 36, 863 6 82, 149 65, 280 74, 254 41, 601 42, 028 40, 344 52, 398 63, 828 38, 946 42, 946 35, 907 41, 434 48, 005 39, 200 39, 897 1, 030, 642 1, 026, 109 1, 227, 487 1, 121, 075 1, 207, 714 1, 329, 960 1, 383, 519 1, 408, 152 303, 343 327, 185 344, 617 386, 091 404, 584 410, 435 398, 243 400, 272 1, 402, 525 1, 440, 507 1,650,022 1, 587, 422 1, 689, 639 1, 814, 686 1, 864, 016 1, 879, 602 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 1,247,011 1, 228, 972 1, 264, 226 1, 376, 628 91, 682 98, 657 112, 615 120, 972 50, 694 52, 784 51, 141 68, 375 111, 199 83, 462 25, 210 15, 078 46, 891 47, 147 36, 167 43, 388 4,189 7,660 582 34, 772 27, 431 30, 762 29, 760 26, 263 102, 691 131, 891 141, 000 38, 319 53, 129 49, 136 50, 375 Exports a Small cigarettes Cigarettes Thousands 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 32.35 34.18 29.28 27.50 27.78 26.03 24.79 22.42 35, 339 33, 324 32, 208 35, 019 34, 342 34, 415 34, 186 34, 173 589, 363 661, 418 563, 218 574, 383 583, 241 554, 867 541, 729 549, 077 4, 426, 649 3, 720, 072 4, 240, 181 4, 463, 752 5, 370, 890 5, 917, 368 6, 663, 134 7, 453, 926 1, 350, 981 1, 319, 489 711, 973 956, 334 1, 027, 303 882, 616 678, 803 791, 278 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, 054 38, 061 30, 342 28, 657 575, 764 711, 222 598, 478 473,336 7, 119, 055 6, 925, 427 6, 516, 922 6, 248, 920 336, 145 488, 130 499, 756 943, 158 25.00 25.00 25. 00 25. 00 34, 411 34,054 37, 428 33, 891 433, 673 451, 204 564, 245 509, 133 6, 943, 815 6, 240, 142 7, 633, 201 6, 972, 836 851, 531 513, 193 906, 029 946, 711 22.60 21.00 21.00 21.00 34, 380 36,, 327 33,648 35, 809 507, 253 576, 562 568, 553 594, 242 7, 257, 751 8, 486, 335 7, 961, 032 8, 068, 005 866, 705 1, 061, 448 726, 669 819, 569 21.00 21.00 21.00 21.00 36, 224 34, 731 30, 955 28, 218 600, 016 664, 497 654, 975 646, 574 8, 086, 274 8, 060, 677 7, 345, 202 6, 391, 844 762, 387 654, 013 611, 998 775, 081 1925 January February March _ April _ May June July August -.- September October November December 1, 522, 217 422, 966 2, 035, 678 1, 337, 784 423, 975 1, 847, 225 1,289", 447 389, 913 1, 754, 596 1, 384, 627 356, 119 1, 818, 564 1926 January February March April May June July August 1, 139, 251 1, 202, 884 September October November December 1, 306, 494 1, 293, 918 1, 304, 494 1, 323, 388 _ 1, 531, 617 433, 479 2, 040, 067 1, 372, 438 424, 460 1, 868, 296 1, 312, 142 389, 178 1, 768, 399 1, 416, 412 353, 973 1, 841, 645 1927 January February March April May June ___ _ 1 Estimate of production of the tobacco crop from the 17. S. Department of Agriculture, Bureau of Agricultural Economics. The annual figures represent the latest revised estimates of the year's total crop, not monthly averages, while the monthly figures represent the current estimate of the total crop for the year made the first week of each month. Revisions of the December estimate for each year are made in December of the following year. 2 Sales of tobacco from k>9se-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. a 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 19136through 1915 are semiannual, while for 1916 three quarters are averaged, and thereafter four quarters. Wholesale price of burley, good leaf, dark red tobacco at Louisville is average for the month compiled by the U. S. Department of Labor, Bureau of Labor Statistics. 6 Figures of consumption of tobacco products from U, S. Treasury Department, Bureau of Internal Revenue, represent withdrawals from bonded warehouses upon payment of tax for domestic consumption. The figures for manufactured tobacco and snuff comprise plug, twist, fine-cut, and smoking tobacco and snuff. Figures for cigars are those for large cigars, weighing over 3 pounds per thousand, while for cigarettes, small cigarettes are taken, weighing 3 pounds per thousand or less; in both cases the series taken represent over 90 per cent of the totals for each class. 2(^46°—27 T 98 SHIP CLEARANCES i VESSEL LOSSES 2 (quarterly) Completed during month s Vessels in foreign trade YEAR AND MONTH Lost Amer- Forican eign SHIP CONSTRUCTION Abandoned Total Total Under construction World (quarterly) 4 FREIGHT BATES Table 74.—OCEAN TRANSPORTATION IMMIGRATION AND EMIGRATION United States citizens 5 Aliens « Passports 6 CharUnder conissued ter Steel Merrates Immi- Emi- Arrivals Deparsea- chant Launched struction end of tures world grants grants going vessels month routes (7) Thousands8 of net tons Thous. No. of Thous. No. of Thous. Rel. to of gross of gross of gross 1911-13 8 av. tons 8 ships tons 8 ships tons Gross tons 8 1913 mo. av. 1914 mo. av_ 191 5 mo av 1916mo.av_ 1917 mo. av. 1918 mo. av. 1919 mo. av_ 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 mo. av. 1921 mo. av. 1922 mo. av. 1923 mo. av. 1924 mo. av. 1925 mo. av. 1926 mo. av. 2,836 2,507 2,639 2,329 2,503 2,329 2,378 2,816 2,704 2,756 3,228 3,232 3,525 4,209 5,653 5,211 5,395 5,556 5,735 5,854 6,587 62, 090 48, 291 28, 842 31, 216 31, 772 21, 527 8,556 15, 272 34, 173 171, 683 168, 445 35,845 2,439 2,481 5,957 6,378 6,833 6,917 15, 101 37, 149 2,578 2,586 3,518 3,897 4,255 4,331 September, October November . December.. 2,450 2,991 2,451 2,003 3,789 3,581 3,220 3,328 6,239 6,572 5,671 5,331 12, 349 3,477 36, 595 5,048 1926 January February. _ March 4.pril 1,600 1,590 1,721 1,838 3,016 2,929 3,313 3,383 4,616 4,519 5,034 5,221 June July 2,536 2, 640 3,149 2,567 3,529 4,445 5,275 5,325 6,065 7,086 8, 424 7,892 September. October November. December.. 2,554 2,908 3,063 2,366 5,103 5,033 4,638 4,522 7,657 7,940 7,701 6,888 28, 846 26, 354 9,548 27, 094 50, 895 155, 110 294,849 \ 1,236 238, 394 115, 569 28, 246 24, 099 17, 507 17, 595 19,006 208, 557 102, 157 13, 239 9,774 10, 854 11,068 13, 573 1,188 546 231 197 173 186 260 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 7,578 33, 016 22, 874 4,517 312 28,850 18, 096 268 251 228 229 16, 377 22, 819 14, 009 19, 423 7,179 13, 724 8,389 13, 384 223 199 254 275 11,317 12, 414 23, 237 36, 376 6,244 9,648 20, 934 31, 605 281 273 317 314 18, 836 46, 225 86, 192 226, 773 354, 845 438 330 186 241 278 467 621 833 713 300 422 735 1,362 1,786 440 344 213 163 218 203 1,466 1,085 617 410 505 542' 419 212 100 Number of people 384 115, 610 57,375 21, 557 29, 647 12, 747 9,660 20, 613 22,859 24,470 13, 387 5,810 5,638 6,718 21, 810 24, 600 23, 238 10, 161 11, 208 8,187 6,564 10, 839 30,069 24, 580 8,954 10, 321 14, 161 27,909 12, 247 1,954 1,693 1,093 1,927 3,135 4,735 8,163 272 160 114 108 106 99 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 11,463 10, 521 12, 198 14, 342 14, 669 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 26, 721 28, 685 26, 642 21, 089 7,200 7,674 6,555 8,840 68,500 35, 413 23, 118 18, 027 24,369 24, 227 18,039 19, 270 8,795 8,012 7,776 8,172 19, 072 20, 041 29, 504 33, 400 5,286 3,232 3,457 4,989 19, 695 23, 687 29, 987 28, 931 25, 987 29, 108 25, 215 26, 312 9,054 8,411 16, 502 27, 239 33, 533 24,790 22, 283 29, 286 5,861 7,575 7,052 7,376 22, 719 24,432 25, 981 52, 683 28, 913 47, 715 60, 223 42, 248 31, 460 25, 916 14, 007 9,936 35, 297 34,528 30, 756 6,634 5,377 6,859 71, 263 34, 176 27, 844 26, 268 18, 150 17, 992 8,747 7,896 8,434 8,431 757 745 626 2,556 2,546 2,261 1,939 593 674 2,370 96 207 476 609 2,207 98 191 489 539 2,070 99 1925 ]ytay June July 25, 845 73, 945 14, 960 82, 014 21, 107 64, 778 134 461 524 2,010 94 156 376 512 1,971 89 138 387 477 1,851 101 452 1,923 1937 March April 12 Tonnage of vessels cleared in foreign trade from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 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 4 SUEVEY (No. 29), p. 49. Quarterly data on world ship construction compiled by Lloyds', covering all vessels of 100 tons and over, except that from 1914 to 1921 figures for Germany are not fi Compiled by the U. S. Department of Labor, Bureau of Immigration. Aliens admitted and departed include complete legal immigration and emigration but not nonimmigrants. 6 Compiled by the U. S. Department of State, Division of Passport Control and excludes passports issued to Government officials. 7 Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering six tramp-ship commodities over 12 world-wide trade routes. 8 Net ton represents 100 cubic feet internal carrying capacity after prescribed allowance for crew and engine space, w^hile gross ton represents in units of 100 cubic feet the entire cubical capacity of the vessel, including crew and engine space. 99 Table 75.—RIVER AND CANAL CARGO TRAFFIC RIVERS CANALS Panama i YEAR AND MONTH Total In In American British vessels vessels Long tons 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average .. 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average _ _ _ 1925 monthly average _ 1926 monthly average Sault New Ste. York Marie 2 State Cape Cod* Suez « Thousands of short tons Short tons Thous. of met. tons 372 297 265 232 185 166 177 134, 107 99, 411 153, 140 216, 402 1,164 St. Lawrence 6 Weiland 6 Mississippi (Governmentowiiecl barges)7 Ohio (Pittsburgh Mononto gahela « Wheeling^ Allegheny • Short tons 407, 371 257, 843 588, 214 627, 669 576, 385 182, 325 70,738 122, 977 174, 856 229, 907 183, 376 130, 888 282, 813 217, 973 156, 412 9,965 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, 891, 773 2, 298, 838 378, 928 431, 613 412, 543 912, 857 1, 256, 468 1, 056, 498 1, 237, 947 235, 856 310, 161 277, 488 410, 762 529, 380 498, 002 552, 690 9,910 6,032 8,259 11, 203 0, 042 10, 234 10, 985 203 208 262 312 290 335 158,600 114, 406 103, 226 115, 788 70, 242 50, 733 1,421 1,459 1,780 1,898 2,122 2,215 370, 105 422, 208 464, 809 531, 260 682, 534 765, 858 744, 931 388, 429 518, 795 597, 653 641, 944 759, 067 851, 407 889, 100 13, 392 36, 939 49, 841 59, 203 70, 792 75, 896 86, 978 298, 766 538, 380 523, 497 588, 130 776, 813 1, 144, 652 1, 787, 388 1, 733, 135 1, 840, 193 2, 039, 110 247, 189 270, 053 252, 667 292, 871 209, 100 1, 907, 469 1, 839, 619 2, 104, 324 1, 950, 902 942, 264 1,037,308 1, 221, 325 1, 113, 668 516, 974 428, 091 509, 583 451, 991 None. None. None. None. None. None. 3,604 65 38, 499 42, 192 43, 360 43, 856 2,305 2,209 2,724 2,548 None. None. None. 209, 829 None, None. None. 150, 574 81, 087 95, 907 91, 787 98, 417 365, 970 345, 183 401, 371 572, 528 1,945,426 1, 662, 112 1, 784, 392 1, 877, 194 75, 700 56, 295 159, 070 309, 047 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 11,210 10, 942 11, 668 11, 663 300 316 386 280 44, 444 59, 530 65, 510 74, 857 2,316 1,974 2,050 2,030 719, 765 651, 135 831, 814 877, 506 794, 803 797, 566 938, 126 989, 128 97, 349 75, 283 79, 361 64, 913 633, 605 565, 228 609, 727 716, 142 1, 691, 539 1, 772, 053 1, 739, 425 1, 938, 145 357, 115 414, 410 381, 512 405, 495 1, 891, 988 2, 009, 171 2, 023, 398 2, 358, 170 983, 470 967, 587 1, 025, 914 1, 293, 725 476, 082 626, 160 522, 228 541, 243 391 10, 904 289 11, 637 316 8, 409 1,838 None. 64, 274 51, 243 42, 497 38, 536 2, 087 2, 135 1,970 2,230 765, 032 849, 457 661, 935 69, 455 823, 315 933, 423 693, 497 86, 556 46, 070 67, 627 47, 361 65, 593 668, 392 739, 635 603, 125 836, 650 2, 016, 646 1, 966, 248 1, 863, 566 1, 825, 568 394, 970 346, 431 375, 958 238, 447 2, 346, 643 2, 139, 207 2, 607, 046 2, 237, 567 1, 152, 416 1, 092, 241 1, 402, 726 1, 156, 986 625, 336 522, 631 701, 497 626, 064 None. None. None. 2,000 None. None. None. None. 37, 755 40, 889 58, 023 71, 208 2, 245 2,061 2,471 2,255 None. None. None. None. None. None. None. None. 57, 996 49, 975 74, 688 72, 682 155, 339 273, 207 571, 193 761, 947 1, 487, 357 1, 638, 476 1, 831, 204 1, 919, 679 24, 330 81,315 159, 660 202, 090 2, 416, 701 2, 134, 686 2, 185, 527 2, 321, 697 1, 369, 156 1, 189, 894 1, 165, 195 1, 317, 489 289, 337 562, 242 565, 424 , 516, 505 10, 157 12, 910 13, 608 13, 776 229 399 316 336 70, 615 75, 247 65, 027 62, 004 1,964 1,939 2,033 2, 080 653, 025 744, 510 948, 840 1, 060, 598 787, 478 968, 976 630, 169 798, 845 95, 605 852, 732 90, 495 1, 045, 889 88, 846 1, 159, 138 114, 352 1, 078, 041 1, 972, 767 2, 067, 772 2, 334, 195 2, 289, 324 222, 395 245, 741 273, 641 295, 823 2, 239, 547 2,374,711 2, 272, 449 2, 310, 270 1, 254, 467 1, 326, 609 1, 195, 006 1, 232, 583 573, 140 555, 927 542, 779 551, 403 12, 789 12, 879 8, 170 1,387 416 348 58, 831 83, 218 79, 040 1,845 2,153 2,059 717, 548 833, 591 579, 881 63, 982 110, 690 103, 960 104, 450 80, 000 927, 851 975, 225 881, 490 639, 709 2, 317, 562 2, 303, 595 2, 192, 169 2, 115, 215 291, 111 274, 931 246, 446 191, 719 8,731 1925 January February March April._ _' May June July . August.. __ September October November . December 1936 JanuaryFebruary March April . Mav June__ July August ___ _ September _ October Novpimbfir December _ _. .. .__ .. _ 872, 597 923, 051 682, 848 72, 276 1937 January February March April—. May June ._ ; . i | ! . _ ._ (i 1 Panama Canal traffic, reported by the Panama Canal, represents tonnage of cargo carried by commercial vessels. Yearly figures prior to 1922 refer to fiscal years ending June 30. 2 Traffic through the Sault Ste. Marie canals, including both the American and Canadian canals, reported by U. S. War Department, Engineer Corps. Monthly averages for each year are for eight months during which the canals are usually open—that is, the yearly totals are divided by eight in order to present a figure fairly comparable with current monthly movements. Monthly data distributed by classes of commodities, covering the years 1913-1922, appeared in the March, 1923, issue (No. 19) pp. 48 and 49. 3 Traffic through New York State canals from New York State Superintendent of Public Works. About two-thirds of this traffic goes through the Erie Canal and one third4 through the Champlain Canal. Monthly averages for each year are for the seven months during which the canals are usually open. Cape Cod Canal traffic from the Boston, Cape Cod & New York Canal Co. The average for 1916 is an average of nine months of operation. Data previously shown in this column represented ship tonnage, but have been replaced by figures on cargo tonnage. Monthly data from 1920 on ship tonnage (not comparable with present figures) appeared in the September, 1923, issue (No. 25), pp. 55 and 56. 6 Suez Canal traffic from Le Canal de Suez. 6 Data from the Dominion Bureau of Statistics, Canadian Department of Trade and Commerce. Monthly averages for each year are for seven months during the equivalent 7of which period the canals are usually open—that is, totals for the years are divided by 7 in order to present a figure fairly comparable with current monthly movements. Cargo tonnage on Government-owned barge line on Mississippi River between St. Louis and New Orleans from U. S. War Department, Mississippi- Warrior Service. Receipts and shipments of cargo by river at St. Louis, now discontinued, appeared in August, 1925. issue (No. 48). Monthly data from 1920, including Government barge line 8traffic, 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 annual total of 1,327,199 short tons not shown separately by months, the total movement for 1922 being 4,912,387. Data are available from 1910 to 1914 for traffic between Pittsburgh and Lock No. 6 (near Beaver, Pa.), and from 1915 to 1921 between Pittsburgh and Lock No. 10 (near Steubenville, Ohio). Traffic between Pittsburgh and Lock 10 amounted to 4,733,620 short tons in 1920 and 2,840,978 in 1921. 9 Compiled by the U. S. War Department, Engineer Corps, representing total cargo traffic on the Monongahela and Allegheny Rivers above Pittsburgh. This traffic consists mostly of coal. Monthly data from 1922 appeared in the November, 1926, issue (No. 63), p. 26. 100 Canada 3 YEAR, AND Total MONTH operat- Freight Passen- Total operatger ing ing United States * 3*® ,i £l5*tt gSSTJ United States NET OPERATING REVENUES REVENUES NET OPERATING INCOME2 Table 76.—RAILWAY, PULLMAN, AND EXPRESS OPERATIONS Canada Thousands of dollars $176, 916 165, 943 178, 804 214, 784 236, 177 288, 183 296, 410 $57, 548 54, 230 53, 798 58, 980 68, 935 86, 056 98, 334 $181, 732 173, 916 171, 926 198, 031 238, 184 334, 767 368, 287 $59, 900 53, 451 70,002 87, 265 81, 232 57, 759 43, 034 $6,224 5,342 4,343 6,915 7,323 4,689 2,651 1920 m. a_ 518, 785 1921 m. a_ 464, 429 1922 m. a_ 468, 291 1923 m. a. 529, 118 1924 m. a. 498, 963 1925 m. a_ 515, 553 1926 m. a_ 360, 304 327, 328 334, 076 385, 465 362, 412 379, 424 107, 285 96, 172 89, 686 95, 636 89, 724 87, 994 485, 861 383, 651 371, 397 412, 081 379, 970 381, 946 4,846 51, 329 64, 748 81, 911 82, 229 94, 987 485, 019 455, 185 486, 668 473, 692 350, 766 336, 946 360, 779 347, 166 88, 739 77, 599 79, 588 78, 410 30, 361 30,093 33, 037 31, 844 383, 962 355, 686 377, 401 370, 777 488, 962 507, 021 522, 484 555, 494 359, 367 366, 143 377, 522 403, 356 82,043 92, 628 97, 967 104, 034 32, 373 33, 679 37, 829 38, 455 Sept Oct_ Nov Dec 565, 568 591, 533 532, 985 524, 007 419, 737 450, 629 402, 544 379, 505 95, 710 86, 528 81,112 91, 997 1936 Jan Feb Mar Apr 480, 995 460, 204 530, 453 499, 662 347, 568 340, 276 401, 197 370, 024 May June July_ Aug 517, 423 539, 865 556, 515 578, 823 Sept Oct Nov Dec 589, 961 609, 045 561, 034 1935 Jan Feb Mar Apr May__June July AUg ,. PULLMAN CO.* Freight carried RePas1 mile Total Pasceipts senper reve- sengers gers ton- carried nue carried United Canada 3 mile Imile States Millions of tons $255, 139 241,608 256, 630 302, 104 337, 539 410, 549 432, 005 1913 m. a, 1914 m. a. 1915 m. a_ 1916m. a. 1917 m. a. 1918 m. a. 1919 m. a_ OPERATION RESULTS * 8 Millions Cents Thous. Thouof dolls. sands 8 8 8 8 VISITORS TO EXPRESS NAT. PARKS e EARNINGS 7 Persons Total OperAuto- operat- ating moing inreve- come biles nue Number No. of cars Thousands of dollars 27, 338 26, 163 25, 232 31, 126 34, 943 36, 410 33, 034 1,919 1,839 1,472 2,350 2,599 2,586 2,246 0.719 .723 .722 .707 .715 .849 .973 420 3,034 3,896 4,138 5,829 5,280 7,351 37, 412 28, 730 31,316 38, 134 35, 802 35, 520 2,605 2,199 2,202 2,602 2,862 2,454 2,715 1.052 1.275 1.182 1.115 1.115 1.097 3,904 3,111 2,877 3,167 3,010 2,996 6,012 5,370 5,465 6,048 6,063 6,683 3,271 2,600 2,646 2,854 2,841 2,961 68, 887 74, 966 81, 812 113, 062 132, 874 138, 910 147, 851 7,230 9,548 10, 025 12, 452 16,002 16, 766 26, 030 16, 306 15, 640 13,006 13, 441 12, 909 12, 829 3,615 260 116 105 91 101 66, 060 65, 151 73, 375 66, 465 1,524 2,335 4,417 3,120 37, 026 33, 570 35, 332 33, 571 2,120 2,138 2,408 1,976 1.057 1.100 1.128 1.141 2,890 2,549 2,620 2,596 6,320 5,652 6,270 6,008 2,800 2,503 2,651 2,701 38, 292 45, 700 58, 082 66, 476 852 1,267 3,171 2,888 12, 432 12, 357 12, 875 13, 041 80 80 111 22 375, 999 376, 064 382, 925 388, 898 76, 154 92, 149 99, 669 124, 944 1,805 ?,137 6,418 8,137 37, 126 35, 853 37, 944 41, 709 1,864 1,827 2,073 1,866 1. 081 1.115 1.093 1.070 2,798 3,282 3,543 3,758 6,367 7,291 7,562 7,768 2,777 3,150 3,276 3,633 124, 205 11, 059 252, 589 22, 576 411, 376 77, 723 384, 501 56, 195 12, 791 12,804 12, 753 12, 567 101 99 102 115 43, 870 48, 723 45, 806 44, 448 388, 110 410, 447 384, 550 389, 650 134, 522 138, 033 107, 016 94, 667 11, 538 16, 706 13, 871 11, 560 41, 305 44, 054 40, 775 37, 869 3,339 4,019 4,051 4,148 1.103 1.114 1.079 1.085 3,335 2,908 2,699 2,985 7,409 6,818 6,052 6,680 3,385 3,039 2,742 2,869 184,279 17, 361 36, 524 2,462 37, 083 3,865 27, 807 1,767 13, 152 13, 465 13, 102 12, 608 154 210 137 *5 89, 505 78, 595 80, 779 80, 641 33, 138 32, 044 37, 570 35, 350 378, 649 360, 590 396, 473 384, 833 65, 725 63, 289 94, 523 76, 282 1,062 3,914 7,948 5,563 37, 678 35, 414 38, 672 36, 317 2,590 2,379 2,487 2,109 1.032 1.066 1.133 1.121 2,913 2,579 2,644 2,661 7,107 6,032 6,387 6,326 2,991 2,608 2,718 2,810 36, 238 38, 713 54, 955 58, 192 2,411 2,265 4,081 4,374 12, 378 12, 324 12, 952 12, 769 86 102 119 96 385, 073 396, 687 408, 645 428, 628 82, 783 92, 381 97, 787 98, 913 39,487 39, 833 41, 366 41, 225 388, 763 390, 190 395, 294 399, 330 88, 105 107, 336 116, 895 133, 008 6,229 5,635 7,646 8, 917, 39, 833 39, 237 41, 705 43, 724 2,630 2,383 2,213 2,047 1.077 1.108 1.076 1.082 2,017 3,252 3,502 3,535 6,470 7,604 7,376 7,653 2,817 3,282 3,336 3,542 128, 629 235, 698 455, 204 434, 603 18, 505 44, 361 86, 779 77,004 12, 840 12, 845 12, 547 12, 636 75 91 85 89 444, 142 471, 478 432, 666 92, 648 82, 082 77, 299 44, 830 50, 782 397, 860 414, 902 402, 673 145, 492 146, 125 114, 734 12, 499 17, 397 44, 328 48, 273 43, 342 3,144 4,275 1.091 1.072 3,247 2,795 7,646 6,778 6,018 3,399 2,997 2,684 212, 387 50, 383 55,543 15, 620 33, 088 3,658 30, 957 2,958 13, 187 126 $37, 199 39, 844 35, 967 38, 315 8 2, 823 $3,445 2, 881 3,284 8 3, 649 3,483 3,684 2,882 4,311 3,290 4,164 3,556 5,756 3,863 8 2, 072 2, 182 2, 021 2,326 2,691 2,397 3,112 $12, 613 $2, 092 1937 Jan Feb Mar Apr May June * Deficit. 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 with2 about 98 per cent of the total operating revenues of all railroads. Net railway operating income, from the Interstate Commerce Commission reports on Class I railroads, includes net operating revenue (equal to the difference between total operating revenue and total operating expenses), from which there have been deducted railway tax accruals, uncollectible railway revenues, equipment, and joint facility rents. a Annual figures, from Department of Trade and Commerce, cover all railroads in Canada, averaged for the fiscal year ending March 31 of the year indicated; monthly reports cover all railroads with annual operating revenues of $500,000 or over, which includes 98 per cent of the total revenues of all roads. Monthly data from 1920 on net operating revenue and on freight carried appeared in July, 1922, issue (No. 11), p. 45. 4 Data on the United States from the Bureau of Railway Economics, except tons per mile for 1915 and 1916, from Interstate Commerce Commission. Monthly data on tonmile5 operations from 1916 appeared in December, 1923, issue (No. 28), p. 52. Pullman passenger traffic furnished by The Pullman Company; revenues from its reports to the Interstate Commerce Commission. 6 Visitors to national parks from U. S. Department of Interior as reported by superintendents of the following 15 parks: Grand Canyon and Casa Grande, Ariz, (the latter a monument rather than a park); Hot Springs, Ark.; General Grant, Sequoia, and Yosemite, Calif.; Rocky Mountain, Colo.; Glacier, Mont.; Platt, Okla,; Crater Lake, Oreg.; Wind Cave, S. Dak.; Zion, Utah; Mount Rainier, Wash.; Yellowstone, Wyo.; and Mount McKinley, Alaska. Vehicles are not reported by Platt, Hot Springs, Wind Cave, and Mount McKinley. By far the largest attendance of visitors is shown at Platt Park. Monthly data from 1920 appeared in December, 1923, issue (No. 28), p. 56.7 Reports to the Interstate Commerce Commission of the American Railway Express Co., to which are added reports of the Southeastern Express Co. from the time of its organization in May, 1921, thus presenting practically complete reports of the express business on railroads, Operating income includes net operating revenue (equal to the difference between total operating revenues and operating expenses) from which have been deducted uncollectible revenue from transportation and express taxes. s Fiscal year ending June 30 of year indicated. 101 Total owned Number In bad order Tractive power (mills, Number oflbs.) 1913 monthly av_ 19 14 monthly av . 1915 monthly av . 1916 monthly av . 1917 monthly av. 1918 monthly av. 1919 monthly av_ SHIPMENTS BY MANUFACTURERS 3 UNFILLED ORDERS (end of month) Reported by manufacturers 3 Domestic Total Domestic Steam Electric Per ct.of total in use Reported by railroads 1 Total In In R.R. mfg. Steam Elecshops plants tric EXPORTS * ORDERED F2 R O M MFRS. YEAR AND MONTH RETIRED * ON RAILROAD LINES * (end of month) INSTALLED 1 Table 77.—LOCOMOTIVES S 625.3 23.9 26.4 19.0 17.4 16.9 14.9 7265 187 144 200 7230 179 250 298 166 20 217 165 118 83 100 224 130 117 281 129 101 146 110 69 88 248 109 63 113 26 18 11 17 8 12 14 1,447 367 892 1,636 499 467 583 894 206 787 1,488 386 335 461 122 57 40 85 61 46 38 813 2,573 2,584 2,602 5,559 17, 026 12, 204 11, 195 10, 736 9,320 40 59 77 8846 351 236 432 143 84 31 22 27 30 23 64, 824 64, 779 64, 747 64, 509 2,591 2,592 2, 593 2,587 11, 315 11,407 11, 613 11, 101 17.6 17.7 18.1 17.3 167 125 138 171 213 169 170 409 27 49 106 84 98 88 117 101 41 69 88 78 12 7 13 14 414 414 461 490 322 318 324 343 44 51 51 41 81 77 83 82 199 216 232 258 39 13 27 19 64, 484 64, 435 64, 420 64,357 2,590 2,591 2,594 2,596 10, 902 10,917 10, 659 10, 551 17.0 17.1 16.7 16.5 147 179 139 147 172 224 170 210 51 16 39 26 101 114 76 118 65 58 56 91 9 8 12 6 478 411 386 334 324 274 259 199 48 47 39 48 80 66 59 45 249 213 191 148 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, 230 10, 725 9,769 16.5 16.1 16.9 15.4 129 150 112 129 229 266 394 379 86 199 101 216 100 93 106 104 42 47 52 68 16 21 8 18 390 530 585 708 278 386 435 557 41 40 46 54 37 33 32 35 200 185 307 436 22 56 38 38 1926 January February March April 63, 593 63, 548 63, 548 63, 440 2,588 2,592 2,596 2,597 10, 087 10, 076 10, 191 9,836 16.0 16.0 16.2 15.6 191 175 204 189 206 222 205 295 60 13 204 251 121 163 162 151 96 101 146 122 11 22 11 12 .653 572 780 713 506 442 635 580 53 60 50 44 38 40 103 95 455 401 635 559 58 38 20 9 May... June _ July.... August 63, 352 63, 266 63, 202 63, 107 2,598 2,601 2,603 2,605 9,266 9,228 8,718 9,031 14.7 14.7 13.9 14.4 174 184 171 152 262 270 237 247 50 191 14 84 140 159 132 124 105 133 82 78 14 11 20 16 726 667 555 525 585 522 445 455 46 53 36 26 92 84 123 67 520 562 394 486 15 15 20 44 September _ October November December 63, 040 62, 829 62, 672 62, 428 2,611 2,610 2,611 2,608 8,889 8,654 9,320 8,549 14.2 13.9 15.0 13.8 224 175 354 208 278 390 512 450 31 30 215 52 134 151 128 185 109 124 109 152 13 15 15 17 498 390 517 398 386 286 391 297 24 20 27 14 100 72 57 53 343 262 287 276 12 18 5 17 1925 January February March April May June July August ___ L Industrial 41 22 52 69 148 89 80 18 monthly avmonthly av. monthly av_ monthly av. 7 64, 757 monthly av_ 64, 962 monthly av. 64, 370 monthly av. 63, 169 Mining Number of locomotives 23.8 1920 1921 1922 1923 1924 1925 1926 SHIPMENTS, ELECTRIC LOCOMOTIVES 5 (quarterly) 8318 8 142 «172 922 »14 151 7 120 19 187 13 228 16 165 19 176 9 204 16 615 1937 January February March April May June l 1 * Locomotives in bad order, both passenger and freight on Class I railroads, and number owned, retired, and building from American Eailw ay Association, Car Service Division. Data for 1919 on bad-order locomotives from U. S. Railroad Administration. 2 Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating the 1924 data was 91 per cent. 3 Reported direct to the U. S. Department of Commerce, Bureau of the Census, by principal locomotive manufacturing companies, exclusive of railroads making locomotives in their own shops. Both steam and electric railroad locomotives are included in these data, the totals including foreign as well as domestic business. Monthly data from 1920 showing both shipments and unfilled orders for domestic and foreign business classified between steam and electric, appeared in the May, 1926, issue, No. 57, p. 25. 4 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. Press6 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. Ten months' average, March to December, inclusive. 7 Eight months' average, May to December, inclusive. 8 Four months' average, September to December, inclusive. 9 Quarterly averages. 102 Table 78.—FREIGHT-CAR MOVEMENT SURPLUS^ YEABAND MONTH Box cars Coal cars LOADINGS 2 SHORTAGE 1 Total cars 3 Box cars Coal cars Total3 cars Grain and grain products Livestock Coal and coke Forest products Ore Merchandise and 1. c. 1. Miscellaneous Total Number of cars 75, 605 1,981 154, 499 23, 592 68, 680 189, 396 24, 194 339, 026 65, 901 28, 964 18, 991 43, 148 1,146 112, 934 52, 360 4,200 24, 174 25, 868 82, 056 1,896 444 169, 256 153, 585 191, 065 142, 874 129, 452 124, 744 747, 394 894, 180 691, 016 247, 322 254, 861 207, 314 161, 868 200, 853 75, 592 751,043 917, 508 1, 375, 951 1, 069, 692 3, 716, 007 3, 486, 409 3, 759, 873 3, 276, 930 47, 675 33, 635 88, 482 103, 747 104, 770 90, 897 23, 367 110, 572 96, 843 61, 656 164, 500 69, 659 229, 908 241, 289 205, 915 26, 653 10, 566 384 90 96 15, 852 13, 527 487 112 196 51, 579 27,873 1,046 440 331 204, 397 189, 642 214, 223 192, 144 200, 593 135, 508 147,375 146, 087 136, 301 133, 610 655, 962 851,753 754, 650 794, 060 885, 023 243, 001 312,074 305, 594 311, 402 304, 536 132, 524 195, 143 139, 881 167, 637 182, 074 985, 495 1, 013, 754 1, 043, 344 1, 099, 383 1, 121, 487 1, 243, 743 1, 441, 270 1, 440, 757 1, 567, 753 1, 615, 230 3,600,630 4, 151, 009 4, 044, 536 4, 268, 679 4, 442, 470 133, 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 19 151 '98 150 248 196, 116 151, 625 230, 703 247, 692 153, 973 120, 162 144,416 125, 772 703, 275 596, 938 729, 382 654, 288 365, 541 274, 499 306,788 275, 875 255, 606 237, 446 275,740 200, 241 1, 210, 017 963, 748 1, 157, 783 972, 758 1, 589, 201 1, 280, 764 1, 626, 710 1, 422, 758 4, 473, 729 3, 625, 182 4, 470, 522 3, 898, 384 September ._ . 36, 768 October. 30,486 November 73, 547 December 117, 434 58, 375 49, 058 82, 819 108, 189 116, 689 99, 190 183, 914 266, 252 270 784 166 27 274 785 133 30 670 1,656 354 101 269, 073 338, 613 219, 098 187, 308 750, 324 146, 760 205, 762 1, 003, 986 159, 217 771, 887 752, 227 147, 652 269, 408 353, 498 276, 220 252, 849 188, 326 212, 601 71, 598 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 1935 January February March April 103, 209 103, 177 . 113, 615 131, 212 69, 736 138, 425 185,724 160, 913 213,921 285, 015 344, 959 337, 181 61 100 5 None. 4 10 25 15 406 167 60 15 245, 173 168, 932 150, 674 131, 429 180, 125 1, 071, 509 734, 105 123,076 110, 463 647, 853 601, 815 110, 638 339, 527 319, 563 324, 535 312, 402 48, 519 45, 030 47, 311 90, 802 1, 132, 774 977, 692 1, 039, 535 1, 038, 117 1, 439, 322 1, 254, 649 1, 382, 042 1, 441, 627 4, 456, 949 3, 623, 047 3, 702, 413 3, 726, 830 140, 676 149, 405 139, 428 85, 732 133, 559 109,404 80, 661 40, 427 323,624 307, 495 263, 876 162, 397 4 9 4 272 None. None. None. 354 7 18 4 636 183,205 145, 801 216, 214 220, 676 136, 129 106, 076 133, 207 121, 227 813, 119 665, 901 876, 362 833, 768 377, 138 294, 052 330, 712 285, 548 309, 822 252, 076 314, 110 250,447 1, 268, 532 1, 030, 366 1, 242, 669 1, 042, 763 1,765,434 1, 471, 600 1, 831, 817 1, 566, 998 4, 853, 379 3, 965, 872 4, 945, 091 4, 321, 427 September October NovemberDecember 58, 203 49, 502 58, 463 112, 345 61, 370 42, 949 43, 658 95, 295 140, 842 111, 619 136, 796 267, 739 364 153 104 5 153 495 200 8/ 558 2,957 357 97 210, 565 232, 248 195, 152 205, 662 131, 300 211, 729 140, 404 131, 236 731, 738 996, 948 798, 770 756, 827 278, 590 351, 937 265, 373 257, 447 229, 220 246, 882 130, 900 46, 521 1, 051, 989 1, 355, 132 1, 036, 784 976, 238 1, 664, 534 2, 142, 283 1,526,332 1, 326, 403 4, 297, 936 5, 537, 159 4, 093, 715 3, 700, 334 1926 January __ February March April 113, 860 87, 389 95, 478 118,419 92,040 74, 151 104, 280 115, 205" 250, 935 207, 683 246, 549 276, 573 10 83 None. None. 170 15 None. 8 218 197 13 12 226, 246 171, 099 159, 357 149, 751 162, 578 113, 199 113, 727 104,004 998, 070 770, 077 783, 448 705, 198 312, 254 298, 663 306, 959 299, 991 48, 978 41, 934 43, 566 55, 072 1, 171, 960 989, 717 1, 062, 947 1,057,406. 1, 511, 924 1, 291, 760 1, 407, 135 1, 424, 415 4, 432, 010 3, 676, 449 3, 877, 139 3, 795, 837 May June _ July August 135, 233 140,421 104, 796 88,967 75, 253 69,869 56, 785 38, 967 257, 956 254, 807 199, 073 161, 478 None. None. 172 None. None. 48 114 None. None. 68 404 None. 197, 997 160, 917 279, 527 227, 930 142, 765 107, 501 134, 363 117, 097 898, 076 734, 393 938, 537 809, 785 383,403 295, 942 334, 843 282, 376 243, 183 271, 446 364, 950 310, 424 1, 330, 505 1, 026, 471 1, 273, 732 1,061,346 1, 946, 950 1, 515, 480 1, 919, 315 1, 608, 822 5, 142, 879 4, 112, 150 5, 245, 267 4,417,780 September October November December 62, 202 45, 148 98, 794 166, 532 27, 519 12, 106 12, 521 61, 181 114, 730 81, Oil 144, 921 375, 260 403 460 25 None. 100 1,360 516 18 542 1,945 579 28 202, 312 266, 240 180, 596 184, 139 147, 200, 138, 121, 847, 513 232 666 1, 196, 637 988, 281 443 947, 265 747 281, 723 360, 775 263, 351 234, 152 300, 627 338, 619 127, 302 38, 792 1, 065, 424 1, 384, 234 1, 046, 406 987, 699 1, 707, 547 2, 258, 853 1, 524, 321 1, 266, 237 4, 552, 378 6, 006, 024 4, 271, 700 3, 780, 031 1917 mo. 1918 mo. 1919 mo. 1920 mo. 1921 mo. av av av av av 6,437 29 251 82, 135 15, 985 127, 982 1922 mo. av 1923 mo. av 1924 ino. av 1925 mo. av 1926 mo. av 1924 May June July. August May June July August _. . 1927 January February March April. May June % 1 Data from the American Railway Association. Daily average for the last period (7 or 8 days) of the month, exclusive of Canadian roads. The association reports the number of freight cars which are idle (surplus) and also the number of requests for cars which can not be filled (shortage). The difference between these two figures represents the net freight-car situation for the country as a whole. The car shortages can not ordinarily be filled from the idle cars because of the uneven geographical distribution of the latter. 2 From reports of the American Railway Association, Car Service Division. These figures are now put on a monthly basis from weekly reports, consisting of exactly four weeks for each month prior to 1923, except'in March, June, September, and December, which cover five weeks each year. Beginning with 1923, the five-week months are January, May, August, and October. 3 Includes other classes than groups listed. 103 Table 79.—RAILWAY CAR SUPPLY PASSENGER CABS FREIGHT CABS In railroad hands, end of month 1 YEAR AND MONTH In bad order Total Number Capacity (millions oflbs.) 1918 monthly av. 1919 monthly av. 1920monthlyav. 1921 monthly av 1922 monthly av. Ordered from mfrs.2 Shipments by mfrs.3 DoTotal mestic Unfilled orders, end of month * Total Perct. Number of total In railroad hands, end of To In R. B. quarter1 mfrs. shops Number of cars in use 142, 790 168, 973 166, 779 318, 880 302, 456 5.9 7.0 7.3 13.9 13.3 1,838 7,017 1,945 15, 013 7,961 11, 917 5,116 3,528 4,866 4,392 6,904 3,899 3, 109 4,749 4 53, 673 54, 157 1923 monthly av 1924 monthly av1925 monthly av1026 monthly av. 2, 323, 472 2, 349, 752 2, 345, 525 204, 369 209, 082 211, 255 185, 343 188, 012 183, 725 155, 006 8.0 8.2 7.9 6.7 7,873 11, 899 6,527 4,691 12, 233 6,850 6,447 6,675 12, 069 6,718 6,124 6,138 48, 033 34, 757 30, 055 44,548 27, 924 22, 810 3,482 6,833 7,245 1934 May . June July August... . 2,312,237 2, 314, 798 2, 322, 968 2, 329, 582 202, 606 203, 139 204, 777 205, 690 189, 219 194, 869 202, 864 210, 109 8.3 8.5 8.9 9.2 463 412 567 5,054 6,253 6,854 9,584 9,411 6,158 6,813 9,580 9,350 57, 266 57, 735 51, 156 40, 961 54,799 55, 466 46, 554 37, 343 2,467 2,269 4,602 3,618 September October.. . _ November.. ._. December 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 23, 597 12, 610 13, 870 10, 240 9,467 8,839 6,382 5,661 9,440 8,449 5,938 5,365 47, 553 38, 403 42, 765 54, 202 44, 508 34, 829 37, 606 47, 724 3,045 3,574 5,159 6,478 1935 January... _ _ _ February March April. 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 10, 312 5,388 4,677 5,525 8,365 10, 335 10, 718 9,352 7,031 9,881 10, 503 9,212 58, 910 50, 603 45, 419 42, 602 53, 625 45, 725 39, 847 34, 530 5,285 4,878 5,572 8,072 May June. July August 2, 356, 641 2, 359, 040 2, 301, 551 2, 363, 849 209, 804 210, 256 210, 701 211, 102 195, 986 198, 468 . 197,281 197, 178 8.4 8.5 8.4 8.4 8,944 777 843 2,816 7,059 7,639 5,040 3,617 7,030 35, 823 7,623 • 27,458 4,880 26, 087 3,412 20,151 26, 781 18, 825 17, 898 13, 711 9,042 8,633 8,189 6,440 September October. November December. - 2, 363, 637 2, 359, 124 2, 353, 454 2, 347, 275 211,201 210, 922 200, 590 210, 171 179, 571 165, 481 165, 818 157, 405 7.7 7.1 7.2 6.8 6,113 5,556 13, 598 13, 776 5,405 2,849 3,365 3,618 5,319 2,492 2,649 3,451 19, 548 23, 333 27, 136 40, 015 13, 302 16, 144 20, 013 34, 692 6,246 7,189 7,123 5,323 1936 January... February March April _ 2, 344, 016 2, 345, 508 2, 346, 242 2, 348, 148 210, 009 210, 362 210, 569 210, 966 158, 160 161, 959 162, 470 159, 845 6.8 7.0 7.0 6.9 11, 531 11, 353 7,640 5,622 3, 299 6,904 8,811 9,257 2,968 6,412 8,668 9,207 49, 831 45, 344 44, 183 43, 582 39, 751 34, 626 35, 810 34, 839 10, 080 10, 718 8,373 8,743 2, 345, 091 2, 346, 908 2, 348, 508 2, 349, 100 211,049 211, 316 211, 642 211, 875 168, 498 165, 588 165, 756 161, 396 7.3 7.2 7.2 7.0 435 4,270 1,256 164 8,170 10, 009 9,287 8, 357 8,130 10, 003 9,185 8,308 40, 003 34, 874 27, 995 19, 819 31, 437 27, 222 21, 762 13, 816 8,566 7,652 6,233 6,003 2, 348, 912 2, 345, 392 2, 342, 000 2, 336, 470 212, 082 211, 988 211, 768 211, 436 149, 078 139, 484 137, 420 130, 146 6.5 6. 1 6.0 5.7 2,564 2,891 2, 732 5,831 5,606 5, 31.1 2,433 2,656 5,560 4,388 2,376 2,450 13, 468 11, 484 11, 591 18, 481 8,118 7,046 6,975 12, 313 5,350 4,438 4,616 6, 168 _ May. June July August .-._ September October November December 1937 January February March April May June UnOr- Shipments 3 filled dered by mfrs. from2 orders, mfrs. Do- end of Total mes- quarter* tic 54, 326 54, 577 54, 592 54, 522 54,659 54, 877 54,575 54, 612 54,634 54,552 54,034 54,167 53, 938 24 148 20 198 70 19 34 75 59 63 11 23 71 46 184 213 135 118 138 93 76 186 135 88 73 176 131 40 194 213 76 102 63 94 67 102 63 94 325 244 279 235 88 96 99 79 87 90 98 79 78 90 111 104 68 62 45 56 68 62 45 50 22 34 362 9 77 81 82 130 77 81 75 110 37 134 87 547 67 66 56 126 58 66 56 126 217 152 107 230 176 165 115 225 157 165 102 225 30 124 68 1 208 224 222 187 196 218- 1,298 222 187 131 32 124 105 178 197 145 191 163 197 114 191 *218 1,121 1,270 815 830 847 791 651 773 498 901 1,146 1,206 766 ; •{ .. 1 Compiled by the American Railway Association, Car Service Division, covering Class I railroads and some others, including about 99 per cent of total railroad operations. Cars in railroad hands include those owned or leased by railroads but not private-owned cars on their lines. Passenger coaches in railroad hands include coaches, combination, baggage, express, and all other coaches. Monthly averages for bad-order cars for the years 1913-1917; also monthly data for 1920 and 1921, appeared in the October, 1923, issue (No. 26), pp. 59 and 60. 2 Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating the 1924 data was 94 per cent. Data for the years 1913 to 1918 from the Iron Trade Review appeared in May, 1924, issue (No. 33), p. 77; though not comparable month by month on account of different methods of compilation, they8 indicate the trend from year to year comparable to the above figures. The data on shipments of manufacturers for railway equipment were obtained from the Interstate Commerce Commission. Monthly data from 1919 appeared in July, (No. 35), p. 55. Digitized for1924,issue FRASER * Average of two periods, June 30 and September 30 (no report made for December 31). • 104 Table 80.—PUBLIC UTILITIES TELEPHONE COMPANIES i TELEGRAPH COMPANIES i GAS AND ELECTRIC COMPANIES 2 Energy produced < Tele- Total operating revenues YEAR AND MONTH Net operating income Com- graph Opermerand cable ating cial tele- operat- ingraph ing come tolls reve- Gross earnings Net earnings Gross revenue sales 3 Passengers Total nues Thousands of dollars 1913 monthly av1914 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 1920 monthly av__ 30, 320 5,415 1921 monthly av ' 36, 265 7,573 8,882 1922 monthly av._ 40, 204 1923 monthly av_. 44, 106 10, 015 48, 412 10, 555 1924 monthly av__ 54, 313 12, 988 1925 monthly av__ 1926 monthly av ELECTRIC RAILWAYS ELECTRIC POWER STATIONS By water power By fuels In carried" In mfg. central plants, sta- street comtions rys., 212 panies etc. Thousands of persons Millions of kilowatt hours $5,898 6,287 7,596 $35, 874 $14, 128 37, 581 14, 817 38, 629 15, 057 42, 275 16, 367 16,001 $7, 674 $1,711 i 46, 534 8,477 1, 282 51, 564 15, 250 10, 095 1,636 58, 981 16, 159 $26, 017 28,067 30, 100 35, 458 44,925 55, 442 60, 083 3,243 1,217 2,026 9,113 8,043 8,435 9,027 9,085 10, 245 11, 698 10, 371 10, 608 11, 153 11, 210 12, 598 1,438 1,265 1,697 1,583 1,548 1,796 71,095 73, 859 77, 587 84, 188 88, 485 95, 372 17, 762 20, 571 22, 951 25,351 26, 866 31, 045 73, 575 81, 066 90, 825 105, 796 112, 969 122, 365 3,630 3,439 3,975 4,661 4,916 5,471 1,346 1,245 1,438 1,635 1,668 1,861 2,284 2,194 2,538 3,027 3,251 3,610 3,331 3,106 3,634 4,283 4,537 5,079 336 333 342 379 383 393 ji ! i ! 784,893 784, 896 792, 790 1935 May _ June. July August 53, 119 53, 946 53, 815 54,623 12, 187 12, 613 11,815 12, 461 9,652 10, 452 10, 448 10, 780 11, 966 12, 808 12, 868 13, 186 1,646 1,967 1,755 1,907 92, 648 90, 213 89, 220 89, 343 29, 830 29, 229 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 5,086 377 374 379 377 797,044 j 769, 618 753, 359 752, 417 September October November December 54, 955 57, 925 56, 826 58, 923 13,373 15, 034 14, 327 13, 686 11, 306 11, 678 10, 395 10, 510 13, 784 14, 408 12, 810 12, 957 2,211 2,342 1,660 1,652 91,855 100, 029 101, 154 106, 065 28,977 33, 053 35, 152 38, 007 117, 200 128, 800 139, 300 145, 300 5,490 5,948 5,787 6,153 1,607 1,801 1,946 1,977 3,883 4,147 3,841 4,176 5,125 5,550 5,392 5,720 365 398 395 438 750, 209 811,236 ! 779, 691 841, 943 ] 1936 January February March April 58, 189 56, 509 59, 581 59, 521 14, 115 13, 748 14, 056 14,669 10, 430 9,837 11, 276 10, 564 12, 767 12,073 13, 836 12, 980 1,450 1,226 2,092 1,611 106, 975 99, 953 102,442 100, 831 37, 588 33, 737 35, 102 33, 822 150, 500 145, 400 141, 800 139, 800 6,121 5,602 6,149 5,773 1,956 1,909 2,264 2,312 4,165 3,693 3,886 3, 462 5,683 5,191 5,727 5,390 438 411 422 383 820,072 753, 791 831, 238 802,890 May June . July .. August 59, 699 60, 302 60, 119 60, 097 13, 785 14, 404 13, 261 13, 713 10, 615 11, 085 10, 822 11,109 13, 177 13, 644 13, 386 13, 663 1, 659 1,945 1,662 2,351 98, 459 97,823 95, 007 93, 873 32, 133 32, 260 27, 729 25, 909 131, 600 129, 700 127, 200 127,800 5,809 5,878 5,914 6,145 2,309 2,231 2,001 2,088 3,500 3,648 3,916 4,057 5,437 5,509 5,559 5,777 372 369 355 368 810, 275 783, 702 764, 509 749, 592 62,009 62, 641 62, 363 14, 848 15, 920 15, 941 11, 654 12, 205 10, 321 14, 338 13, 998 12, 879 2,255 1,678 1,626 97, 752 104, 400 32, 675 34, 939 133, 000 142, 500 6,180 6,554 6,446 2,058 2,159 2,241 4,122 4,394 4,204 5,826 6,174 6,049 354 380 397 742, 932 807, 261 791, 386 855, 835 September October . November December . . 1937 January February March April May June 1 Telephone earnings are the combined reports of 12 largest telephone companies, reduced from 13 companies, due to a consolidation comprising about 83 per cent of the total operating revenues of telephone companies with annual operating revenues over $250,000,, and telegraph earnings are the combined reports of the Western Union and Postal Telegraph Cos., as reported to the Interstate Commerce Commission. 2 Gas and electric earnings are the combined reports to the U. S. Department of Commerce, Bureau of the Census, of 78 companies or systems operating gas, electric light, heat, power, and traction services and comprising most of the large companies in the United States. Gross earnings are in general the gross operating revenues, while net earnings in general represent the gross, less operating expenses and taxes; but owing to alack of uniformity in the accounts of individual companies, it has not been possible to secure these actual items for each company, and in such cases the nearest comparable figures have been taken. Also in some cases the figures for prior years do not cover exactly the same subsidiaries owing to acquisitions, consolidations, etc., but these differences are not believed to be great in the aggregate. 3 Gross revenue received from the sale of electrical energy as reported by the Electrical World represents the total receipts from the sale of electricity by companies with about 83 per cent of the installed generator rating of the country, computed to 100 per cent of the industry on the basis of the percentage which the reporting companies bear to the installed central-station rating of the country. Companies reporting sales are not identical with those reporting energy produced. These figures cover light and power companies only, excluding electric railways which do not sell their current. Monthly data from 1913 appeared in the July, 1923, issue of the SURVEY (No. 23), p. 45. 4 Production of electric power by central stations from U. S. Department of the Interior, Geological 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 connection with street railways, manufacurting plants, and reclamation projects. Details, by months, since 1920 for central stations appeared in the April, 1925, issue of the SURVEY (No. 44), p. 29, while for the other items details appeared in the March, 1925, issue (No. 43), p. 28. Beginning with January, 1925, this segregation has been carried on by the Geological Survey. Monthly data from 1913 on total production appeared in the July, 1923, issue (No. 23), p. 49. 4 Data compiled by the American Electric Railway Association from reports, of 212 companies operating 24,187 miles of revenue single track and 3,090 miles of bus routes and carrying about 68 per cent of the total revenue passengers carried by electric railways. 105 Table 81.—EMPLOYMENT—INDUSTRIAL, RAILWAY, MINING, AND FEDERAL RAILWAYS 2 INDUSTRIAL 1 Total YEAR AND 12 MONTH groups Iron Lum- LeathChemFood Texber and and Paper icals and tiles steel and er its fin- and and kinand and its print- other dred their man- ished proding prod- prod- their ufac- products ucts products ucts ucts ture Stone, Nonclay, ferand glass rous prod- metucts als 8 ufac- trans- industure porta- tries Thoution sands INDEX NUMBERS RELATIVE TO 1923 1914m. a 1915 m.a_1916 m. a.. 1917 m. a1918m. a. . 1919 m. a_. 1920 m. a.. Dollars Number employed NUMERICAL DATA 794.9 97.0 110.4 115.0 114.0 108.2 109.9 85.1 1921m. a 1922 m. a. . 88.4 1923 m. a.. 100.0 1924 m. a. _ 90.3 1925 m. a.. 91.2 1926m. a.. 91.9 U.S. GOVT., ANEm- Aver- THRA- WASHINGVehiCITE ploy- age Tocles Miscel- ees on hour- MINES 3 TON (civilbacco for lanepay ly ian) * man- land ous roll wage 1,647 $0. 276 1,733 .313 1,842 .463 1,913 .557 2,013 .667 (13) u 106. 2 12 83. 7 !2 89. 8 » 91. 5 1295.4 12 84. 7 12 96. 1 12 98. 4 12 95. 1 12 92. 6 12 96. 3 100.0 100.0 1OO.O 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 88.2 100.2 94.8 86.7 92.7 95.6 90.6 91.6 94.0 88.6 87.8 86.3 94.2 90.9 89.3 97.6 87.3 93.1 92.5 100.8 96.7 92.0 91.0 91.6 89.8 99.7 86.1 90.8 98.4 97.5 91.2 96.8 90.3 103.6 85.6 92.0 OHIO CONSTRUCTION • [Index numbers for base year In bold-faced type] EmPloy. Rel. to 1923 8 99, 970 92, 237 1,661 1,645 1,880 1,777 1,769 .665 9 156, 008 .618 10 152, 874 .615 153, 873 .628 153, 383 11 .637 152, 419 K 153, 621 80, 838 71, 061 66, 214 64,755 63, 703 64, 611 63, 756 63, 837 63, 055 99 110 112 108 62, 519 62, 039 61, 753 61, 509 114 118 102 100 82 100 93 97 89 1925 May June July Aug. _ _ 90.9 90.1 89.3 89.9 86.6 89.3 89.4 89.9 88.9 87.8 86.0 86.8 87.3 86.6 85.3 85.3 93.3 93.7 92.8 93.0 89.6 85.9 88.5 92.9 99.7 99.4 99.4 99.1 89.0 87.1 88.9 91.4 100.4 100.7 96.5 98.8 95.9 95.9 95.4 95.5 91.9 90.6 90.7 89.9 92.3 90.3 89.9 90.7 93.0 90.9 90.9 90.2 1,767 1,782 1,796 1,800 .620 .628 .668 .633 Sept. . Oct Nov Dec 90.9 92.3 92.5 92.6 92.3 94.8 93.7 92.5 86.9 89.5 89.8 89.6 86.4 87.8 88.7 90.1 94.2 94.3 93.2 91.6 94.8 94.6 91.9 89.2 100.2 101.9 103.0 103.6 97.3 98.0 97.6 98.0 99.8 100.5 99.7 98.3 96.3 98.3 100.2 101.5 92.0 95.1 94.6 95.0 92.1 94.6 93.7 92.7 90.1 89.2 91.0 94.2 1,804 1,817 1,789 1,753 .638 .632 .647 .643 1936 Jan Feb Mar Apr 93.3 94.3 93.7 92.8 90.3 89.4 88.3 85.6 89.8 90.1 90.0 87.9 90.3 92.4 93.0 93.2 89.2 89.5 89.7 91.7 91.0 92.6 91.4 87.1 103.2 102.4 103.1 102.5 98.0 100.5 105.2 103.4 93.5 94.3 96.3 99.2 100.2 101.8 102.9 101.0 85.0 89.0 88.2 84.4 92.7 94.3 96.1 95.3 97.0 98.4 98.3 96.6 1,730 1,733 1,745 1,783 .648 .656 .637 .634 142, 162 153, 856 155, 236 61, 296 61, 199 61, 274 61, 211 76 74 64 71 91.7 91.3 89.8 90.7 86.8 88.7 89.2 89.8 85.7 84.0 80.2 81.5 92.4 92.6 91.4 91.8 91.9 92.1 91.6 92.4 85.7 85.3 88.5 92.4 102.6 102.5 102.1 102.3 95.3 93.7 93.2 94.7 102.3 104.0 100.8 102.9 98.5 96.3 94.3 94.5 94.0 86.7 83.7 81.2 93.5 92.1 90.8 91.4 95.5 94.8 93.4 94.6 1,809 1,834 1,857 1,853 .635 .630 .631 .633 155, 798 154, 716 156, 274 157, 308 61, 036 60, 811 60, 435 60, 270 82 100 108 108 92.2 92.5 91.4 90.9 92.4 94.3 92.4 90.4 84.2 86.4 86.1 87.7 92.6 92.2 90.5 89.8 91.8 91.5 90.2 88.2 93.9 93.5 92.0 90.2 104.0 105.4 106.6 106.1 100.3 100.2 99.2 97.0 103.6 102.4 100.9 96.4 95.7 96.0 95.4 93.6 85.1 87.3 86.8 86.3 91.3 89.0 85.1 82.6 96.4 97.5 98.6 101.0 1,855 1,866 .642 .639 59, 849 59, 618 59, 489 113 100 92 84 May June July Aug Sept Oct Nov Dec _ _ 153, 282 151, 807 152, 469 152, 314 1937 Jan Feb Mar April ,. 1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represent weighted indexes based upon the number of wage earners in the respective industries in 1919. The original data are 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 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. a 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. 4 Compiled by the U. S. Civil Service Commission, giving number of civilian employees carried on rolls at end of each month. Details by departments, with data on additions and separations, are given in the monthly reports. * Compiled by the Ohio State University, Bureau of Business Research, based on reports from firms engaged in general contracting throughout Ohio, 73 being included in 1922, 81 from 1923 to 1925, and an increasing number in 1926, approximating 120; allowance for the changing number of firms is made through link relatives each month. The 88 firms used in the base year, employed on the average, 4,064 wage earners employed by the entire construction industry in Ohio. Employment in the general contracting industry in Ohio follows very closely the trend in the entire construction industry in the State. Wage earners in this report include mechanics, artisans, laborers, and 6foremen, and part-time workers are reduced to a full-time basis for the week including the 15th of each month, which is used as the monthly index. Includes stamped and enameled ware and brass, bronze, and copper products. 7 Average for last 7 months of yean earlier data not available. 8 Nine months' average, April to December, inclusive. 9 Average of last 3 months of the year. 1° Average of 6 months; data for the 6-month period, March to September, not available on account of strike. " Average for first 7 months of year; later data not available on account of shut down of mines. " Average of last six months of the year. is Data for this group not available in 1922. " Average of seven months, February to August, inclusive; data for other months not available. 106 Table 82.—FACTORY EMPLOYMENT, BY STATES AND CITIES [Base year in bold-faced type] CANADIAN EMPLOYMENT i EMPLOYEES ON PAY BOLL YEAR AND MONTH Penn- Dela- IlliMasNew New 4 nois J Jer-4 syl- 4 ware sachu- York s sey setts 2 vania Relative to 1914 Wisconsin e Detroit • EmNew Pennploy, Trade New Jer- syl- Dela-4 index unions York 3 sey 4 vania4 ware to Em- Rel. to Rel. to Rel. to Rel. to Rel. Jan., ployed 19158 1920 1922 1914 1920 Relative to 1923 RELATIVE NUMBERS 1914 mo. 1915 mo. 1916 mo. 1917 mo 1918 mo. 1919 mo. av 100.0 av 98.3 av__ 112.5 av__ 116.8 118.5 av__ av 117.6 1920 mo. av 1921 mo. av 19?2mo. av__ 1923 mo. av__ 1924 mo. av__ 1925 mo. av__ 1926 mo av 100 103 121 126 128 120 P. ct. 8105 993.1 128 136 140 136 "98.1 "98.1 98.5 96.6 EMPLOYEES TOTAL PAY ON PAY ROLL ROLL TOTAL PAY ROLLS Wisconsin 6 Rel. to 19158 Relative to 1923 RELATIVE NUMBERS 100 107 141 166 210 Detroit 1 New York State s Thous.of Number Thousands dollars NUMERICAL DATA 478 494 579 604 614 573 $5,943 6,377 8,366 9,892 12,481 13, 490 177,533 97, 845 161, 269 218, 713 203, 666 230, 251 228, 625 594 464 500 553 504 501 502 16, 711 11, 943 12, 524 15, 074 13, 967 14,159 14, 564 «113 227 160 198 258 284 100 "100.0 55 87.0 91 88.6 124 94.8 114 91.9 130 93.0 95.4 87.5 93.0 95.1 93.0 93.0 281 201 211 254 235 238 245 100 89 90 101 100 100 86 87 90 83 84 89 342 191 210 270 262 285 282 133 135 137 137 94.5 96.8 96.3 96.6 93.0 93.9 94.8 95.' 6 234 231 229 231 90 87 84 88 88 85 81 84 86 84 79 77 289.4 284.8 286.2 295.3 236, 686 240, 406 242, 515 244, 002 495 491 486 487 13, 891 13, 717 13, 589 13, 722 123.9 123.3 122.6 123.7 145 150 149 73 98.3 97.1 95.3 89.6 94.3 94.9 94.3 92.1 238 245 247 252 89 95 96 100 83 90 88 92 78 82 84 89 286.7 297.6 288.1 291.3 257, 894 266, 947 264, 221 129, 104 500 510 513 516 14, 150 14, 559 14, 700 14, 983 98.8 101.4 101.8 101.5 123.2 125.3 124.8 123.4 147 152 152 142 90.7 91.5 91.4 94.3 91.9 91.9 92.7 92.7 251 248 252 247 98 97 98 96 88 92 92 90 90 93 93 93 282.3 302.3 302.9 298.7 261,602 270, 395 269, 959 251, 078 513 515 517 509 14,905 14, 720 14, 996 14, 691 82 80 80 81 101.1 101.0 101.1 100.7 121.7 121.2 125. 8 125.9 138 127 131 135 101.0 103.7 104.2 104.9 95.1 95.9 97.7 97.5 241 242 236 237 95 96 96 98 89 89 84 87 88 88 84 85 285.3 280.7 270.6 282.0 245, 440 224, 837 232, 757 239, 099 498 496 486 489 14,299 14,390 13, 995 14, 103 81 77 76 78 102.9 102.4 101.1 99.7 123.9 121.0 119.2 116.4 132 124 116 105.2 102.8 101.1 96.7 97.4 247 250 245 245 106 110 109 111 89 94 91 92 87 86 87 91 278.0 285.5 262.1 253.7 234,000 220, 367 206, 123 87, 842 500 506 500 495 14,664 14, 853 14, 564 14, 584 114.7 95.4 101.0 106.6 90.3 91.1 124 97 105 116 106 105 105 100 90 88 93 100 89 91 93 100 1925 May June July__ --. August 90.3 87.7 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 September October November... December 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 1936 January February March . . April 92.9 94.1 95.0 92.6 107 108 108 106 94 94 93 91 92 94 93 93 83 86 86 85 May .. _ _ June July August 90.2 87.4 82.2 85.8 104 104 102 102 89 88 89 90 92 92 92 93 September... October November December 89.0 89.8 89.6 105 106 105 104 97 97 97 96 95 96 95 93 100 79 81 81 110 101 98 135 94 107 124 117 122 123 1937 January February March April May June i -| - 1 Percentage of trade-union membership employed and applications and job vacancies reported to Canadian employment service, latter being prorated from weekly reports, from Dominion Department of Labor, Employment Service of Canada;employment index number taken as of the first day of the month following that indicated, showing conditions reported by an average of about 5,800 firms employing about 775,000 workers in 1923, in manufacturing construction, mining, logging, and services from Department of Trade and Commerce, Dominion Bureau of Statistics. Trade-union employment figures from 1915 through 1918 are averages of quarterly data. 2 Data from Massachusetts Department of Labor and Industries, Division of Statistics. Yearly figures through 1922 are based on identical plants as secured by a yearly census. Data for 1923, 1924, and 1925 are connected to the series by the chain relative method, representing at least 40 per cent of the firms included in the yearly figures. These will later be revised by a complete census and subsequent data will be added by the chain relative method. 3 Figures represent reports from 1,648 firms in New York State employing more than one-third of the factory workers of the State, as reported by the New York State Department of Labor. The 1914 average upon which the index numbers are calculated is an average of the 7 months, June to December, 1914, inclusive. As originally published by the New York Department of Labor, the index numbers are based on June, 1914, and have been recalculated to the 7-month average. 4 Compiled by the Federal Reserve Bank of Philadelphia from reports of about 1,000 plants each month in the States of New Jersey, Pennsylvania, and Delaware. Since August, 1926, figures for New Jersey are from the New Jersey Department of Labor. 6 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 fifteenth of the month. 6 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. 7 Data on Detroit employment from the Employers' Association of Detroit, covering about two-thirds of the working population of that city. Figures for the last week of the month are given here. s Relative to afirst quarter of 1915. 10 n December only. Average of four quarters, March, June, September, and December. January, 192G. 107 U.S. average Central States EMPLOYMENT AGENCIES • Eastern States ik U.S. *&•§ aver- « flg SS-M age fcw.2 S3 Pacific YEAR AND MONTH South Atlantic East South Central West South Central East North Central West North Central Mountain WAGES OF COMMON LABOR by geographic divisions* U. S. STEEL CORP. WAGE RATES 2 YOUNGSTOWN DISTRICT (wages of 3 steel workers) FARM WAGES (without board) * Table 83.—WAGES AND EMPLOYMENT AGENCIES i <n Workers registered tSfl£ S«3 s 1 > 3Q !|M i Perct. Dollars Number of applicants per 100 jobs base scale per mo. Cents per hour 1913 monthly av_ 1914 monthly av. 1915 monthly av_ 1916 monthly av. 1917 monthly av. 1918 monthly av. 1919 monthly av. 20 23 28 36 41 20 25 31 39 41 20 24 30 38 41 14 16 21 27 32 12 13 17 23 28 16 17 21 28 36 21 24 29 39 43 25 28 34 45 53 26 29 36 44 47 1920 monthly av 1921 monthly av. 1922 monthly av. 1923 monthly av. 1924 monthly av. 1925 monthly av. 1926 monthly av. 49 36 32 38 38 38 39 49 38 39 51 50 46 50 50 35 36 45 45 45 46 37 26 21 25 28 27 30 32 25 20 22 24 25 25 40 28 24 25 27 27 27 53 35 31 39 40 37 38 62 45 31 34 36 38 36 1925 May 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 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 1936 January _ February March April 37 38 39 39 45 57 56 54 46 42 46 46 27 28 30 27 28 26 24 24 May June July August 38 38 39 39 50 46 48 48 44 45 47 47- 29 28 27 33 September October November December 39 39 39 38 49 49 49 54 47 47 49 50 39 27 31 36 26 28 36 45 52 20 20 20 23 30 37 42 160 0 191.8 174.0 55 46 37 42 41 44 43 60 50 48 54 52 52 50 44 39 33 42 50 50 50 192.0 151.0 123.3 138.5 145.8 131.8 132.0 38 38 35 38 45 47 48 44 52 53 52 52 50 50 50 50 133.0 133.0 127.0 127.0 38 36 36 37 38 37 37 38 45 46 46 43 53 53 52 51 50 50 50 50 127.0 127.0 127.0 127.0 25 27 27 28 36 39 38 40 36 35 36 37 42 41 44 45 51 51 53 52 50 50 50 50 128.5 128.5 131.5 131.5 25 25 25 24 27 27 26 28 37 38 37 37 36 36 37 36 44 45 46 42 53 53 52 52 50 50 50 50 133.0 133.0 133.0 133.0 25 25 25 24 26 29 28 27 37 39 40 40 36 36 37 36 44 42 43 40 52 52 52 52 50 50 50 50 133.0 133.0 133.0 133.0 CANADIAN EMPLOYMENT a Jobs registered Number $30. 21 29.72 29.97 32.58 40.19 49.13 56.77 65.05 43.58 42.09 46.74 47.22 47.88 7 48.55 48.99 46.26 48.40 49.89 50.10 41,533 44, 240 45, 690 49, 098 43, 281 44, 514 40, 165 35, 002 39, 157 45, 082 34, 339 38, 384 59 59 71 65 39, 953 38, 107 39, 502 83,777 30, 650 29, 335 31, 509 81, 886 89 93 119 120 59 59 66 70 77,436 50, 212 27, 215 22,802 75, 312 42, 230 40, 766 21, 797 237 222 185 157 139 120 114 137 75 75 64 62 35,988 29,414 37, 664 42,029 20, 699 19, 823 27, 802 36, 166 113 123 128 118 138 174 139 128 103 109 107 81 56 54 78 62 43,209 42, 191 42,763 78, 519 36, 966 36, 103 37, 851 77, 501 105 112 122 135 118 122 139 157 85 72 102 125 58 65 68 78 60, 692 50,838 64,106 44, 120 7 173 127 105 143 140 127 7131 106 100 127 122 119 7235 146 131 180 175 159 129 155 140 131 124 118 132 123 162 180 177 167 122 122 136 127 105 144 127 146 87 113 119 126 137 144 149 190 174 158 137 126 138 108 117 114 115 130 120 106 100 104 120 135 164 125 109 130 122 108 7 95 70 60 69 64 66 1927 January February March April May_. June I 1 Compiled by the V. 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 10hour3 workers amounting to only 30 per cent of the total. Compiled from data furnished by the Western Sheet and Tin Plate Manufacturers' Association and the Amalgamated Association of Iron, Steel and Tin Workers. The wage scales are based on the price of steel sheets in the previous two-month period as ascertained by actual prices received by mills. Monthly data from 1917 together with price4 of steel sheets for the same period appeared in the May, 1926, issue (No. 57) of THE SURVEY, p. 13. Average rates paid to farmlabor 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. 6 Compiled from weekly reports to the U. S. Department of Labor, Employment Service, showing the number of workers and jobs registered at State and municipal employment agencies. Eastern States included in the report are Connecticut, District of Columbia, Massachusetts, New Jersey, New York, and Rhode Island (Delaware Maryland, and Pennsylvania, now reporting, are excluded to show true comparison). Central States are Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Southern States include Alabama, Arkansas, Georgia, Kentucky, North Carolina, Oklahoma, Texas, and Virginia. Western States include Arizona, California, Colorado, Idaho, Oregon, and Washington; Montana is included beginning with March, 1922, its figures being so small as not to affect the total. 6 Percentage of trade-union membership employed and applications and job vacancies reported to Canadian employment service, latter being prorated from weekly reports, from Dominion Department of Labor, Employment Service of Canada', employment index number taken as of the first day of the month following that indicated showing conditions reported by an average of about 5,800 firms employing about 775,000 workers in 1923, in manufacturing construction, mining, logging, and services from Department of Trade and Commerce, Dominion Bureau of Statistics. Trade-union employment figures from 1915 through 1918 are averages of quarterly data. 7 Six months' average June to December, inclusive. 108 Table 84.—WEEKLY EARNINGS OF FACTORY LABOR [Base year in bold-faced type] BY STATES U. S. TOTALS, 23 INDUSTRIES 1 1 Men YEAR AND MONTH 1Penn- Dela- IlliWo- Mas- New New Grand 4 Jer-4 syl- 4 ware men sachuForks sey nois « total ivania setts 2 UnTotal Skilled skilled Relative to 1914 Relative to July, 1914 Relative to 1923 Wisconsin 6 U. S. TOTALS, 23 INDUSTRIES 1 Men Grand total Rel. to Rel. to | 1915 1922 7100 100 7100 7100 Women Dollars RELATIVE NUMBERS 1914mo.av__ 7100 1915 mo av 1916 mo. av 1917 mo. av 1918 mo av 19 19 mo. av UnTotal Skilled skilled NEW YORK STATE (3) NUMERICAL DATA 100.0 100 103.2 116.6 134.7 167.8 190.8 103 116 131 188 188 s 106 125 146 186209 226 206 201 218 222 227 233 100 100 100 100 101 107 98 99 103 102 101 104 7 $12. 54 7 $13. 30 7 $14. 16 7 $10. 71 254 202 196 218 223 233 233 o 29. 51 23.57 !0 24. 06 26.25 26.27 26.94 « 31. 72 25.05 W 25. 69 28.27 28.31 29.26 7 $7. 84 $12.48 12.85 14.43 16.37 23.50 23.50 9 33. 31 9 27. 11 9 18. 27 26.55 20.48 16.07 W 27. 42 » 20. 53 to 15. 99 30.12 22.61 17.46 30.04 16.89 22.86 30.90 23.62 17.27 28.15 25.72 25.04 27.23 27.68 28.29 29.01 9235 188 U192 209 209 215 «238 188 W193 213 213 220 9235 188 *0194 213 212 218 9253 191 to 192 211 213 221 9233 205 204 223 215 220 227.6 1935 May June -July August ---. 215 211 210 210 222 218 215 216 220 216 214 214 221 217 214 217 223 216 213 215 185.4 182.9 187.3 187.9 225 224 224 228 104 102 101 103 100 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 September-. October November-December— 215 216 216 219 221 222 221 225 218 220 219 223 219 221 222 225 217 218 219 222 186.5 189.9 187.8 187.8 227 229 230 233 98 103 103 105 95 101 99 103 96 102 104 104 107.6 115.3 115.2 116.4 231.1 241.0 234.7 235.2 26.94 27.12 27.13 27.48 29.27 29.51 29.43 29.86 30.89 31.20 31. 08 31.54 23.48 23.66 23.79 24.10 17.00 17.13 17.15 17.43 28.32 28.57 28.67 29.05 1936 January February March April 216 219 219 217 222 226 227 225 220 225 225 222 222 224 226 224 218 221 221' 222 188.8 189.3 184.8 180.3 233 229 233 231 104 104 105 105 100 103 104 103 104 104 103 104 114.3 118.4 116.4 116.9 228.6 240.5 241.9 241.2 27.07 27.49 27.49 27.26 29.47 30.04 30.13 29.87 31.16 31.79 31.82 31.50 23.76 24.04 24.21 24.01 17.07 17.31 17.30 17. 38 29.05 28.58 29.03 28.85 May June -_ July August 216 216 214 213 223 224 220 221 220 222 217 218 223 225 221 222 218 218 221 216 179.9 178.7 178.5 180.9 230 232 231 231 106 108 106 107 103 104 99 101 103 105 99 99 117. 1 117.5 113.2 115.9 240.9 236. 6 219.8 228.8 27.13 27.06 26.78 26.76 29.61 29.78 29.21 29.39 31.21 31.38 30.76 30.91 23.91 24.14 23.67 23.81 17.09 17.07 17.29 16.91 28.69 28.99 28.81 28.86 September.. October November.. December. __ 218 219 216 224 224 219 222 221 216 224 227 222 221 225 222 181.0 180.1 181.7 235 235 234 236 107 110 109 112 101 106 103 106 101 105 107 108 113.2 117.5 115.7 113.0 229.3 241.2 225.0 223.0 27.38 27.43 27.14 29.83 29.79 29.13 31.39 31.26 30.57 24.03 24.28 23.80 17.34 17.64 17.39 29.31 29.35 29.15 29.47 1920 mo. av.. 1921mo.av__ 1922mo.av_, 1923mo.av__ 1924 mo. av.. 1925mo.av_. 1928 mo av 196.8 196.6 223.8 210.8 187.3 10100 110 112 113 1937 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 cpmpiled by weighting the average earnings in each industry by the number of wage earners employed as reported by the census of manufacturers of 1919, but as it was impossible to obtain the necessary weighting factors for the classes of labor, the latter averages are unweighted; hence, the relative number for the grand total sometimes is lower than the relative number of any class, owing to the different methods of computation. 2 Data from Massachusetts Department of Labor and Industries, Division of 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. 3 Figures represent reports from 1,648 firms in New York State employing more than one-third of the factory workers of the State, as reported by the New Yorl State Department of Labor. The 1914 average upon which the index numbers are calculated is an average of the 7 months, June to December, 1914, inclusive. As originally published by the New York Department of Labor, the index numbers are based on June, 1914, and have been recalculated to the 7-month average. 4 Compiled by the Federal Reserve Bank of Philadelphia from reports of about 1,000 plants each month in the States of New Jersey, Pennsylvania, and Delaware. Since August, 1926, figures for New Jersey are from New Jersey State Department of Labor. 6 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 615th of the month. The index on earnings is relative to the last six months of 1922. 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. 7 July, 1914. s Relative to first quarter of 1915. 9 Average of last seven months of the year. 10 Average of last six months of the year http://fraser.stlouisfed.org/ 11 Relative to last six months of 1922. Federal Reserve Bank of St. Louis 109 Table 85.—PAY ROLL AND HOURS IN FACTORIES PAT-BOLL. INDEXES^ Food Total 13 groups YEAR AND MONTH and kin- dred products Textiles and their products Lumber and its their manuprodfacIron and and Leather ucts ucts and Paper its fin- and ished printproding steel ture AVERAGE WEEKLY HOURS 2 Chem- Stone, icals day, and other products VehiTocles MiscelNonbacco for laneand ferrous manu- land ous Nomi- Actual 3 glass metals factransindusprodnal ture porta- tries ucts tion NUMERICAL DATA INDEX NUMBERS RELATIVE TO 1923 1914, July ._1920 monthly average... 1921 monthly average. ._ 1922 monthly average... 1923 monthly average... 1924 monthly average... 1925 monthly average... 1926 monthly average 125.9 80.0 79.9 100.0 90.6 93.6 95.8 584.1 100.0 97.9 93.7 93.8 889.3 100.0 86.8 89.5 85.9 « 75. 5 109.0 86.6 90.6 97.2 588.5 100.0 97.3 98.1 97.7 595.2 100.0 88.3 89.4 87.8 592.3 100.0 102.2 102.9 111.5 589.6 100.0 82.7 95.9 101.8 885.8 100.0 101.3 103.5 106.4 (fl) 100.0 92.4 87.0 80.8 83.5 95.5 97.7 98.0 95.9 83.1. 78.9 72.0 78.4 91.2 82.1 72.5 75.6 101.0 98.9 91.9 93.1 83.0 79.1 77.6 86.8 102.7 101.0 96.7 97.1 94.3 88.6 85.5 87.1 99.6 97.4 97.2 100.1 83.5 87.1 83.0 90.3 77.1 81.5 81.9 88.5 95.6 97.6 95.8 96.7 91.2 91.9 84.8 88.3 101.2 103.3 103.4 106.1 55.0 450.0 49.7 »50.0 49.9 49.7 49.9 51.5 *48. 7 45.5 549.2 49.2 46.8 48.2 91.6 89.8 98.5 5 107. 9 100.0 95.6 92.7 87.7 «78.1 100.0 87.5 93.5 92.8 «81.9 100.0 90.6 94.6 101.9 108.2 106.0 94.1 98.1 94.8 86.7 78.2 80.0 92.3 95.4 92.9 92.7 91.0 84.4 77.8 81.0 95.0 86.1 83.5 82.2 49.9 49.9 49.6 49.5 46.6 45.4 44.8 45.2 89.0 90.0 92.2 91.9 97.6 101.2 98.8 100.3 83.6 86. 6~ 89.8 95.5 96.6 87.9 100.3 102.5 81.6 86.8 83.8 86.1 84.5 83.8 87.4 90.4 49.6 49.6 49.7 49.8 46.4 47.1 47.1 47.1 1934 May June July August - . September October - _ November DeCP.mfaPT 86.0 ' 88.5 87.6 91.7 1925 January February March April 90.0 95.1 96.6 94.2 96.0 94.6 92.6 87.6 91.8 96.1 97.0 91.1 89.7 93.1 94.0 91.2 90.1 96.4 97.9 97.3 91.5 95.8 96.0 87.9 104.7 104.4 106.0 104.2 90.9 94.0 100.3 98.7 92.0 98.0 101. 9 104.9 95.0 98.1 99.9 94.9 95.8 89.3 90.4 76.1 78.9 92.3 95.6 96.8 91.9 96.1 98.1 97.0 49.8 49.9 49.9 49.9 48.5 48.6 48.6 48.2 May June July August 94.4 91.7 89.6 91.4 90.4 93.3 92.8 92.8 87.8 84.8 84.9 87.2 91.7 88.7 84.5 86.8 98.4 100.2 96.6 97.1 87.0 82.3 85.2 94.2 103.7 102.6 101.4 101.6 93.9 91.0 91.6 93.9 106.9 106.0 99.1 105.4 97.9 97.0 94.1 98.3 92.8 92.3 90.2 91.9 96.8 92.6 90.2 89.9 99.1 92.8 91.2 93.1 50.1 49.8 49.8 50.1 48. 1 47.4 47.5 47.5 September October November ._ _ .. _. _ _ "December 90.4 96.2 96.2 97.3 93.0 97.5 97.1 96.7 83.2 90.3 89.6 90.0 85.4 92.4 92.9 96.9 99.7 102.4 100.9 99.8 90.6 92.0 85.4 84.3 102.5 108.0 110.4 112.5 95.6 99.8 100. 5 100.6 103.4 109.1 108.8 106.3 92.6 99.2 102.3 105.7 91.9 99.0 100.6 101.2 90.9 99.5 101.0 96.9 90.6 93.2 93.0 98.9 50.0 50.0 49.7 49.9 48.3 48.3 48.5 49. 1 1926 January February March _ _ April 94.9 98.9 99.1 97 2 94.1 92.9 91.9 88.6 90.8 93.0 93.0 87.2 94.7 98.6 100.6 99.6 90.9 95.7 96.3 97.1 86.9 91.1 90.2 82.2 110.0 109.7 111. 7 111.0 100.2 100.8 105.8 104.8 97.7 100.8 103.8 105. 0 101.3 104.0 106.9 103.6 87.7 85.9 90.1 83.9 86.0 97.6 100.2 99.4 100.4 102.0 102.9 102.9 49.9 49.8 50.1 50.4 48.5 48.9 49.0 48.5 May June July August 95.6 95 5 91.2 94.6 91.8 93.9 -93.5 93.5 83.1 81.4 76.2 80.6 98.0 98.2 2.8 94.8 98.3 100.0 95.4 99.6 70.4 82.7 86.8 93.7 111.0 110.8 108.5 109.2 100.0 100.0 96.9 98.9 110.1 112.4 104.0 110.5 99.9 97.5 91.9 94.0 83.3 88.6 85.2 84.4 96.8 94.7 88.3 94.7 100. 2 100.3 97.0 99.5 49.9 50.0 49.6 49.6 48.1 47.9 47.6 47.5 September October November.. _ _ December 95.1 98.6 95.4 95.6 96.3 97.9 95.8 90.4 82.9 88.1 84.8 89.2 96.0 99.4 96.0 96.3 100.2 102.0 100.0 96.4 93.6 93.6 87.4 86.0 110.8 114.2 115.0 116. 3 102. 5 104.6 103.6 103. 5 108. 1 111.2 108.9 104.8 93.6 98.0 95.7 95.6 89. 1 92.9 91.9 89.8 91.3 94.2 87.9 82.3 99.3 105.3 102.9 109.7 49.6 49.8 49.6 48.4 48.6 47.9 - - _ -_ _ - 1937 January February . . March April . !__ i -J 1 j May June 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. Includes enameled ware and brass, bronze, and copper products. 4 Average of last seven months of the year. 56 Average of last six months of the year. Data for this group not available in 1922. 110 Table 86.—FACTORY TIME OPERATIONS Total, 12 groups1 YEAR AND MONTH Food and kindred products Textiles and their products Iron and and steel VehiChem- Stone, Lum- Leather Tocles Miscel- Ratio Paper icals clay, ber itsand Nonhacco actual for lanefinand and and ferrous manu- land and its ished print- other glass ous time to manu- prodtrans- indus- capacing prod- prod- metals ^ fac- their prod- jfacture ucts ucts ucts ture ucts portation tries AVERAGE PER CENT OF FULL TIME OPERATED Per cent 1924 monthly average 3 1925 monthly average 1926 monthly average 91 93 95 87 88 93 88 93 94 89 93 96 94 95 97 90 91 93 95 95 97 90 95 97 92 91 94 90 96 96 91 92 95 93 96 97 92 94 96 72 77 82 1936 January February __ _ . March__ April 93 94 94 93 91 87 87 86 94 95 95 93 94 95 95 95 95 96 96 96 90 92 94 90 97 97 97 96 96 95 97 97 88 89 89 92 94 95 98 96 90 92 96 92 96 96 96 91 93 94 95 94 79 82 82 81 93 92 96 97 88 88 95 96 91 88 92 94 94 93 97 97 95 95 97 98 90 90 93 98 96 96 97 97 95 96 98 99 93 93 98 97 96 95 96 97 93 94 96 98 97 96 98 98 96 94 97 97 80 98 98 97 97 98 99 98 98 96 98 97 97 97 97 96 97 99 99 99 98 96 96 92 92 99 99 99 99 100 99 99 98 98 97 98 97 97 98 96 97 97 97 97 97 98 98 98 98 98 98 97 97 86 86 84 84 May June July August „_ _. __ _ September October November December- . • 78 83 84 1937 February M[arch April May June AVERAGE PER CENT OF FULL CAPACITY OPERATED 1924 monthly average ' 1925 monthly average 1926 monthly average 79 83 87 78 82 88 78 85 87 70 76 82 87 89 89 73 82 87 89 92 94 76 78 80 84 85 88 69 80 84 77 83 87 82 86 89 73 78 84 85 87 87 87 85 86 84 85 87 89 88 86 79 80 82 82 89 88 88 88 82 87 88 86 94 94 95 94 83 86 89 85 85 87 86 89 86 86 87 86 85 86 89 88 88 89 88 95 82 83 83 83 86 85 86 87 86 80 90 89 86 84 83 85 81 81 81 82 88 88 91 90 84 82 84 88 94 92 93 93 74 72 72 80 91 91 91 90 84 82 82 82 88 84 85 87 89 87 89 88 86 80 85 84 88 88 87 87 91 92 89 87 87 89 89 88 82 82 82 86 89 89 88 88 91 91 90 88 94 95 95 95 83 82 78 75 88 87 86 81 82 82 82 84 86 90 88 86 88 88 88 88 86 87 86 85 1936 January February March April - _ _- May June July August - -- September October November December _- 1937 March April May I 1 1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, from reports of over 9,000 firms, employing almost 3,000,000 people showing, in the lower part of table, the percentage of their capacity force employed each month and, in the upper part of the table, the percentage of full time worked by the force actually employed. Details for individual industries of each group and percentage of firms operated at full capacity and at full time are given in "Employment in Selected Industries/' issued each month by the Bureau of Labor Statistics. 2 These data, compiled by multiplying the percentage of capacity operated, as shown in the first column of the lower half of this table, by the percentage of time operated, as shown in the first column of the upper half, indicate the approximate actual employment time relative to capacity. 3 4 Average of last 10 months of year. Includes enameled ware, brass, bronze, and copper products. Ill Table 87.—DISTRIBUTION MOVEMENT MAIL-ORDER HOUSE SALES 1 Total YEAR AND MONTH % 4 houses houses 4 3 houses houses POSTAL RECEIPTS Sears, MontRoe- gomery buck Ward & Co. &Co. INDEXES Eel. to Eel. to 1919 1913 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly 1918 monthly 1919 monthly av av av av av. . av._av... 100 10O 105 120 154 186 203 264 monthly av... monthly av._. monthly av-monthly av... monthly av... monthly av... monthly av._. 103 72 79 99 105 118 123 264 188 204 259 284 327 349 1925 September October November _ December 114 170 144 168 1926 January February March April Domestic4 (50 principal cities) Total 2 50 selected cities POSTAL MONET ORDERS Thousands Thousands of dollars $2, 525 2,598 2,684 2,898 2,860 3,367 5,051 Thous. Thouof dolls. sands 61, 440 62, 671 61, 067 83, 859 25, 017 23,351 24, 544 28,005 29, 831 31, 094 2,390 1,877 2,282 3,531 4,306 4,669 2,305 1,480 1,573 1,953 2,034 2,094 2,272 95, 832 86, 661 91, 131 97, 402 96, 469 101, 916 105, 138 2,801 3,154 3,065 3,546 29, 456 33,041 32, 016 35, 252 4,036 4,463 5,657 9,019 1,979 2,421 2,506 2,251 99, 472 120, 910 117, 365 110, 833 78, 898 74, 312 94, 968 87, 948 3,088 2,990 3,539 3,218 31, 189 30, 481 35,411 32, 687 4,223 4,408 5,424 4,620 1,778 2,145 2,372 2,620 92, 797 91, 497 113, 772 114, 878 10, 634 11, 276 9,868 9,417 83, 359 87, 257 79, 733 77, 674 3,109 3,214 2,970 2,892 32, 650 33, 289 32, 154 31, 517 4,571 5,294 5,361 5,601 2,571 2,419 1,833 1,689 117, 035 105, 948 88, 052 91, 763 9,972 11, 447 11, 677 83, 963 97, 263 97,417 2,895 3,208 3,320 31, 712 34, 551 35, 216 5,297 5,462 2,138 2,626 2,703 2,373 104, 106 123, 300 111, 157 107, 351 37, 693 26, 190 28, 695 36, 098 38, 421 43,173 45, 015 30, 233 21, 970 22, 969 29, 182 32, 074 36, 870 39, 330 21, 217 14, 834 15, 180 17, 962 18, 515 21, 529 22, 725 9,192 6,330 7,706 11, 220 13, 560 15, 341 16, 605 20, 688 20, 759 s $2, 157 22, 901 2,333 25, 085 2,593 26, 335 2,809 28, 831 3,068 30,605 3,274 5, 914 4,898 6,851 7,233 7,386 7,664 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 3,105 309 464 396 473 41, 523 62, 216 52, 786 61, 299 34, 836 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 2,964 4,126 7,063 9,716 12, 008 10, 916 13, 221 79, 336 99, 240 88,548 101, 440 116 111 130 121 336 322 357 344 42, 315 40, 489 47, 369 44, 064 37, 858 36, 268 40, 262 38, 841 22, 591 21, 423 21, 996 22, 998 15, 267 14, 845 18, 266 15, 843 29, 116 28, 088 33, 454 30, 851 3,193 3,172 3,525 3,234 10, 607 9,905 12, 543 11,411 May June ._ July August.. __!_ 105 113 98 98 299 309 284 286 38, 408 41, 296 35, 670 35, 763 33, 724 34, 887 31, 995 32, 272 19, 339 18, 275 20, Oil 19, 605 14, 385 16, 612 11, 984 12, 667 28, 547 28, 719 26, 783 26, 714 2,985 2,952 3,073 3,003 September October November December. 120 150 153 166 336 417 425 471 43, 742 54, 743 55, 802 60, 521 37, 907 46, 995 47, 869 53, 086 21, 648 26, 840 27, 991 29, 983 16, 259 20, 155 19, 878 23, 103 29, 976 32, 860 31, 868 40, 282 3,169 3,421 3,223 4,340 1937 January February March April 8,219 8,533 8,171 7,634 Thousands of agate lines 1,224 1,161 1,147 1,415 1,490 1,344 1,890 $3, 310 3,420 4,113 5,178 6,592 6,664 8,838 $13, 543 14, 611 17, 066 18, 380 Thousands of dollars News-7 Magazine0 paper $8, 526 6,781 $11, 467 4,464 12, 702 3,667 14, 657 3,230 17, 837 3,151 21, 713 3,030 $7, 965 8,427 9,389 12, 237 14, 856 16, 544 21, 494 ._ _ For- eign « Second Paid Issued 50 in- class a dus- (quartrial terly) Num- Value NumValue ber ber cities $11, 275 11, 847 13,498 17, 407 20, 982 22, 891 $36, 569 29, 772 1920 1921 1922 1923 1924 1925 1926 ADVERTISING 6,313 $34, 812 7,248 40, 592 7,149 44, 863 6,784 50, 587 7,773 65, 356 1,315 1,470 1,610 1,711 1,895 1 821 May June 1 Sales of four principal mail-order houses compiled by Federal Reserve Board and include Sears, Roebuck & Co., Montgomery Ward & Co., National Cloak & Suit Co., Larkin & Co. Data on two chief houses, extending back to 1913, total the sales of Sears, Roebuck & Co. and Montgomery Ward & Co. 2 Data from U. S. Post Office Department, comprising receipts for transporting all classes of mail. The 50 selected cities cover the largest cities in the country, the industrial cities comprising the 50 next largest. The war revenue act of Oct. 3, 1917, provided for an increase in the rate for first-class letter mail from 2 cents per ounce or fraction thereof prior to Nov. 1, 1917, to 3 cents per ounce or fraction thereof, from Nov. 1, 1917, to July 1,1919, and an increase of the rate on postal and post cards from 1 cent to 2 cents each during the same period. Since July 1, 1919, the old rates on first-class mail have been restored. Under this act a stamp tax of 1 cent for each 25 cents postage charge or fraction thereof is collectible on parcel-post matter. Effective April 15,1925, the new postal rates applicable almost entirely to matter other than first class have operated to increase the magnitude of these data, thereby affecting their comparability from this point forward. 3 Note that these data from U. S. Post Office Department represent quarters ending in the months specified and the annual figures represent quarterly averages for each year, not monthly averages. Second-class mail comprises regular mailings of periodicals. The war revenue act of Oct. 3,1917, provided for a series of graduated annual rate increases 1on 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, 1919,1M cents, and since July 1,1919, 1 A cents per pound, these changes applying regardless of zone or distance, to portions of publications devoted to reading matter. For the advertised portions the country was divided into eight zones, each with a graduated rate and its corresponding annual increase, beginning with July 1,1918, and reaching the maximum on July 1,1921, making, for the first time, a differentiation between the rates on reading and advertising matter. 4 Total of 50 cities transacting two-thirds of the total money-order business of the country, from the U. S. Post Office Department. Money orders paid include, in addition to those both issued and payable in the 50 cities, those presented for payment but issued at any of the other offices in the United States and the 22 foreign countries, mostly in North America and West Indies, to which domestic postage rates apply. 6 Money orders issued to 67 principal foreign countries, representing practically the total international money orders issued by U. S. Post Office Department. « These figures represent the number of lines of advertising carried by the 60 leading magazines dated for the month noted, as compiled by Printer's Ink, classified as follows: 20 general, 15 womens', 16 class, and 9 weeklies. 7 Compiled by the New York Evening Post from 22 identical cities: New York, Chicago, Philadelphia, Detroit, Cleveland, St. Louis, Boston, Baltimore, Los Angeles, Buffalo, San Francisco, Milwaukee, Washington, Cincinnati, New Orleans, Minneapolis, Indianapolis, Columbus, Louisville, St. Paul, Birmingham, and Houston. For the years 1916 to 1918 no reports were available for Boston, Louisville, Houston, and Columbus. The totals for those years were computed from the actual reports of the 18 other cities, allowing 13.85 per cent of the total to the four missing cities, the average ratio of those cities to the total in the subsequent years. 8 Six months' average, July to December, inclusive. 112 Table 88.—CHAIN-STORE SALES [Relative numbers for base year in bold-faced type; numerical data on opposite page] YEAB AND MONTH GROCERIES (27 chains) 3 FIVE AND TEN (5 chains) DRUG (9 chains) CIGAR (3 chains) SHOE (6 chains) MUSIC (4 chains) CANDY (5 chains) With Actual seasonal corrections With Actual seasonal correction 2 With Actual seasonal correction 2 With Actual seasonal correction a With Actual seasonal correction 2 With Actual seasonal correction 2 With Actual seasonal correction 2 Relative to 1919 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1926 monthly average . January .. February March April 1934 . . . ._ May June July August _ . . 10O 120 124 140 100 121 123 127 100 100 146 130 151 133 132 128 120 113 114 100 109 86 101 10O 138 142 147 188 214 264 309 165 185 209 229 144 150 169 196 135 138 142 154 123 133 139 148 113 101 122 128 176 190 199 215 100 . . . >_ September October November _ . . December _ _ 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 88 102 112 110 103 154 167 184 205 184 190 182 205 214 200 206 201 214 203 214 211 174 162 163 172 183 177 179 181 150 143 148 152 153 146 147 151 143 131 128 138 141 134 129 141 150 140 113 108 130 132 123 138 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 99 104 128 116 125 140 143 195 184 181 202 202 197 185 202 245 318 272 332 258 309 270 318 191 237 220 427 206 219 211 231 169 179 167 225 172 175 177 185 142 151 136 212 142 145 138 157 129 164 136 188 135 145 126 143 136 141 139 214 136 117 111 114 202 215 195 280 204 209 205 191 286 287 302 329 284 299 279 324 166 170 199 202 228 227 207 216 178 172 194 191 185 189 192 196 127 127 143 150 146 151 147 156 108 97 143 166 142 145 143 143 101 103 112 111 122 126 124 130 167 173 206 226 199 205 204 226 322 309 316 295 321 314 329 310 214 204 206 204 225 222 227 215 188 184 195 193 191 187 194 192 160 152 155 148 157 156 157 151 174 153 145 122 151 144 159 155 109 118 108 121 131 149 145 136 220 204 210 194 228 218 214 193 307 334 347 372 323 325 344 356 211 257 247 466 227 237 236 252 192 206 198 261 195 202 210 215 153 162 150 222 152 155 151 164 142 158 150 215 148 140 138 164 139 151 146 223 137 125 117 118 218 227 232 303 221 221 244 208 1935 January _ February March April . May June July August... __. . _ September October . November December January February March April May June July August _ .. 1936 _ _ September October November. December _ . . __ _ ._ _ 1937 January February March April May June See footnotes on opposite page I j 113 Table 89.—CHAIN-STORE SALES 1 [Base year in bold-faced type; relative numbers on opposite page GROCERIES (37 chains) YEAR AND MONTH Thousands of dollars Number of stores $28, 046 40, 794 36, 351 42,404 1919 monthly av 1920 monthly av 1921 monthly av 1922 monthly av FIVE AND TEN (5 chains) Thousands of dollars Number of stores DRUG (9 chains) Thousands of dollars Number of stores $3,917 4,737 4,826 4,985 $17, 100 20, 491 21, 160 23, 875 CIGAR (3 chains) Thousands of dollars Number of stores $5, 525 7,852 7,800 7,538 SHOE (6 chains) Thousands of dollars CANDY (5 chains) 3 MUSIC (4 chains) Number of stores Thousands of dollars Number of stores Number of stores $949 1,308 1,348 1,391 $905 989 775 914 $2,337 2,804 2,651 2,663 Thousands of dollars 1923 monthly av 1924 monthly av 1925 monthly av 1926 monthly av _ _ _ 52, 732 60,119 74, 094 88,875 15, 362 18, 351 22, 244 25,423 28, 172 31,574 35, 761 39, 112 1,819 1,958 2,084 2,268 5,655 5,899 6,620 7,345 492 525 553 644 8,025 8,197 8,404 9,126 2,737 2,776 3,015 3,328 2,880 3,103 3,254 3,452 343 407 488 551 1,026 917 1,101 1,161 59 55 56 60 2,133 2,307 2,333 2,611 1924 January February 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 September _ _ October November.. December 58, 816 67,404 65, 031 70, 947 18,896 19,090 19, 395 19, 707 28, 965 34, 751 34, 021 62, 634 1,986 1,996 2,010 2,033 5,677 6,229 5,669 7,314 533 524 526 527 8,131 8,520 8,168 11, 362 2,814 2,815 2,829 2,841 2,902 3,218 3,400 4,358 415 425 447 452 994 1,118 1,002 1,668 55 54 54 54 2,298 2,420 2,253 3,430 186 179 1925 January February _ March. April 70, 161 65, 368 70,792 72, 412 20, 033 20,385 20,835 21, 297 25, 746 26,623 30,201 33, 357 2,028 2,036 2,048 2,059 6,066 5,730 6,285 6,243 528 528 531 532 7,255 7,026 7,786 7,919 2,817 2,809 2,884 2,908 2,499 2,334 2,968 4,138 451 456 462 471 831 893 946 970 54 55 54 55 1,966 2,123 2,283 2,545 178 195 196 212 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, 230 93, 064 23,309 23, 655 23, 897 24, 190 32, 710 40, 582 37, 676 73, 098 2,108 2,126 2,135 2,136 6,630 7,015 6,522 8,809 560 568 589 615 8,429 8,969 8,072 12, 536 3,118 3,165 3,224 3,259 3,015 3,823 3,186 4,398 504 508 516 521 1,234 1,272 1,257 1,939 57 57 58 60 2,449 2,606 2,372 2,396 240 222 231 234 80, 137 80, 460 84, 676 92, 205 24, 327 24, 540 24,743 24, 889 28, 334 29, 012 33, 963 34, 529 2,149 2,156 2,166 2,176 6,978 6,735 7,586 7,474 612 622 619 625 7,545 7,544 8,442 8,886 3,265 3,266 3,270 3,288 2,524 2,274 3,340 3, 880 522 522 529 538 911 932 1,013 1,000 60 61 59 -59 2,028 2,101 2,504 2,745 232 229 236 249 90, 215 86, 769 88, 856 82, 976 25, 101 25, 371 '25, 607 25, 793 36, 561 34, 876 35, 282 34, 877 2,194 2,208 2,222 2,234 7,370 7,226 7,656 7,548 606 613 631 645 9,489 8,979 9,210 8,770 3,282 3,310 3,321 3,335 4,063 3,586 3,382 2,842 547 556 561 553 982 1,071 976 1,095 59 59 60 60 2,670 2,476 2,550 2,353 251 2(59 276 275 85, 082 93, 639 97, 274 104, 206 25, 923 26, 114 26, 315 26, 357 36, 073 43, 960 42, 233 79, 646 2,252 2,272 2,885 2,301 7,531 8,078 7, 739 10, 223 652 660 704 733 9,037 9,607 8,862 13, 138 3,354 3,389 3,424 3,434 3,313 3,684 3,501 5,029 566 566 569 576 1,244 1,366 1, 318 2,018 61 62 62 61 2,649 2,754 2,818 3,684 274 263 254 259 1936 January February March April _ _ - May June July __ August September October. .. . November. December 3120 » 134 219 256 1927 January February March April May June i 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, 19'24, issue (No. 29) p. 49. The music chains operate locally in the West, but otherwise the data cover the larger chain-store organizations operating nationally. > Based on variati9ns in the 4-year period 1919 to 1922. For details of computation see Federal Reserve Bulletin for January, 1924. Correction of the actual data, to eliminate seasonal variation, may be accomplished by dividing the index for each month by the seasonal index for the corresponding month given in the table on p. 154 of the February, 1924, issue (No. 30) of the SURVEY. 3 Four chains prior to January, 1923. The average number of stores for 1923 and 1924 is also for 4 chains only. The index numbers, however, are strictly comparable for thft fin tire Deriod, as allowance has been made for the extra chain in the base beginning with 1923. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 114 Table 90.—TEN-CENT CHAIN STORES TOTAL 2 (4 chains) YEAR AND MONTH Sales Thous. of dolls. 1913 mo. av 1914 mo. av 1915 mo. av 1916 mo. av 1917 mo. av 1918 mo. av 1919 mo. av 1920 mo. av 1921 mo. av 1922 mo. av 1923 mo. av 1924 mo. av 1925 mo. av 1926 mo. av 1934 January February March April May June July August September October NovemberDecember 1925 January February March April May June July August September . October November December. __ F. W. WOOLWORTH CO. Average per store Stores Sales Stores S.S.KRESGE McCRORY STORES CO. CORP. S. H. KRESS CO. W. T. GRANT CO. F. & W. GRAND Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores Thous. Number Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. NumDollars Number of of dolls. ber of dolls. ber of dolls. ber of dolls. ber of dolls. ber of dolls. ber dolls. $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 ,000 ,039 ,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 19, 575 20, 561 23, 344 27, 555 30, 922 35, 038 38, 158 12, 234 12, 560 13, 780 15, 199 15, 809 16, 968 17,188 1,600 1,637 1,694 1,813 1,956 2,065 2,220 11, 741 12, 302 13, 934 16, 120 17, 956 19, 912 21, 136 ,111 ,137 ,176 ,261 1,364 1,420 1,484 4,270 4,655 5,433 6,820 7,508 8,831 9,902 188 199 212 233 256 298 368 1,198 1,195 1,423 1,781 2,103 2,465 2,797 156 159 161 167 176 181 199 2,415 2,409 2,554 2,834 3,355 3,830 4,323 145 142 145 152 160 166 169 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 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 28, 405 34, 054 33, 292 61, 209 14, 802 17, 654 17, 134 31, 293 1,919 1,929 1,943 1,956 16, 528 20, 400 19, 369 35, 025 1,345 1,351 1,364 1,364 6,851 7,873 8,252 14, 592 245 247 247 256 1,903 2,102 2,244 4,290 171 172 174 176 3,123 3,679 3,427 7,302 158 159 158 160 25, 376 26, 130 29, 684 32, 722 12, 932 13,271 14, 977 16, 427 1,957 1,969 1,982 1,992 14, 205 14, 853 16, 917 18, 895 1,366 1,371 1,381 1,389 6,672 6,644 7,453 8,150 259 262 267 267 1,703 1,783 2,021 2,265 176 176 174 176 2,796 2,850 3,293 3,412 160 160 160 160 32,008 31, 258 30, 621 32, 669 15, 980 15, 582 15,200 16, 061 2,003 2,012 2,015 2,034 18, 510 17, 827 17, 829 18, 781 1,397 1,403 1,405 1,411 7,838 7,898 7,510 8,178 273 275 275 285 2,115 2,190 2,144 2,329 173 173 173 175 3,545 3,343 3,138 3,381 160 161 162 163 32, 079 39, 739 36, 886 71, 285 15, 717 19, 319 17,854 34, 508 2,041 2,057 2,066 2,065 18, 129 22, 976 20, 677 39, 345 1,415 1,420 1,425 1,420 8,222 9,992 9,425 17, 984 287 293 293 298 2,288 2,725 2,673 5,348 175 179 182 181 3,440 4,046 4,111 8,608 164 165 166 166 13, 362 13, 641 15, 893 16, 049 2,078 2,084 2,094 2,104 15, 168 15, 478 18, 309 18, 967 1,423 1,423 1, 431 1,435 7,451 7,496 8,472 8,591 305 312 316 322 2,102 2,174 2,654 2,446 183 182 180 180 3,046 3,280 3,844 3,764 167 167 167 167 16, 882 15, 987 16, 077 15, 819 2,114 2,128 2,142 2,154 20, 263 19, 021 19, 395 19, 015 1,442 1,451 1,460 1,465 8,993 8,834 8,886 8,713 325 329 332 338 2,486 2,358 2,459 2,493 180 181 183 184 3,947 3,807 3,696 3,854 167 167 167 167 16, 207 19, 400 18, 704 34, 909 2,172 2,191 2,204 2,220 19, 339 24, 801 22, 533 41, 347 1,471 1,482 1,484 1,484 9,439 10, 535 10, 957 20, 451 345 354 362 368 2,543 2,910 2,912 6,031 189 187 189 199 3,881 4,260 4,822 9,669 167 168 169 169 1926 January 27,?67 February. _ _ 28, 428 March 33, 279 April 33, 768 35,689 May June _ 34, 020 July . 34, 436 August _. 34, 075 September 35, 202 October 42, 506 November 41, 224 December 77, 498 METROPOLITAN 1937 January February March April May June 19 19 19 22 23 28 37 41 435 475 577 673 610 527 532 571 562 704 726 1,429 68 68 68 378 399 511 553 463 474 460 472 469 634 593 1,171 23 23 24 24 24 24 24 25 25 27 27 28 1,342 1,474 1,734 1,910 1,940 1,796 1,498 1,553 1,698 2,561 2,710 4,630 60 60 60 62 62 62 63 64 64 67 70 70 509 507 518 640 627 623 592 664 636 829 794 1,840. 66 66 66 66 66 67 67 68 63 69 70 72 415 471 537 635 556 636 572 622 646 849 838 1,757 29 29 29 30 32 33 33 34 33 34 36 37 1,816 1,796 2,011 2,330 2,293 2,357 1,806 2,006 2,176 3,317 2,922 5,334 70 70 70 71 73 73 73 74 74 77 77 77 567 583 684 748 867 856 831 801 872 1,048 1,010 2,141 72 72 72 74 80 80 80 80 81 81 81 81 641 632 763 785 801 779 790 703 799 1,025 954 1,821 37 37 38 38 38 40 40 40 40 41 41 41 2,065 1,951 2,307 2,553 2,851 2,640 2,417 2,371 2,772 3,799 3,726 6,455 77 78 80 81 83 88 89 92 95 101 104 106 $478 868 538 520 615 652 732 917 U 1 68 72 81 $661 735 305 360 452 548 711 874 $253 301 370 495 644 845 1,051 1,257 1,695 2,070 2,514 2,992 22 25 30 32 33 38 45 50 58 70 77 106 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 direc>itly by the companies. Sales data represent the retail sales in dollar values of the ten-cent chains shown, while the annual figures of stores Monthly data on sales from 1920 appeared in May, operated rep 10 cents, some selling articles valued as high as 1922,'issue C ' 2'lncludes~F7w7 >., McCrory Stores Corp., and S. H. Kress Co. 115 Table 91.—RESTAURANT AND OTHER CHAIN STORES Total, 3 chains Childs Co. YEAR AND MONTH Sales Average Stores per store Thous. Numof dolls. Dollars ber 1913 mo. av 1914 mo. av 1915 mo. av 1916 mo. av 1917 mo. av 1918 mo. av 1919 mo. av Sales Thous. of dollars $710 718 756 898 1,141 1,228 1,384 $3, 681 $13, 891 3,617 13,011 3,798 12,660 4,020 12, 642 4,072 12, 568 4,181 12, 443 4,485 1920 mo av 1921 mo. av__ 1922 mo. av 1923 mo. av 1924 mo. av 1925 mo. av 1926 mo. av__ 1935 May June _ July August OTHER CHAIN STORES J.R. Thompson Co. Waldorf System, Inc. RESTAURANT CHAINS J. C. Penney United Cigar Isaac Silver Hartmann Corp. Co. & Bros. Stores Co. (furnishings) (clothing) A. Schulte, Inc. (cigars) Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores Owl Drug Co. Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. Numof dolls. ber of dolls. ber of dolls. ber of dolls. ber of dolls. ber of dolls. ber 265 278 300 318 324 336 1,828 1,774 1,864 1, 933 1,945 2,028 2,165 $790 820 964 1,103 1,086 1,069 1,122 1,063 1,023 970 984 1,041 1,083 1,199 2 $170 202 233 266 329 408 45 $2, 465 67 2,492 80 2,587 117 2,885 165 3,576 192 4,336 197 5,172 $1, 091 8 $220 297 402 701 1,240 1,778 2,398 8 10 12 14 19 1,294 965 1,173 1,503 1,638 1,468 1,571 8 9 10 16 16 17 15 3,569 3,887 4,086 5,183 6,188 7,539 9,640 312 313 371 475 569 671 747 6,637 6,339 6,079 6,272 6,232 6,266 6,687 $375 448 571 696 746 937 26 18 20 22 25 26 29 32 $672 224 $325 360 364 381 443 566 798 2,439 2,572 2,980 3,134 1,084 1,230 1,370 1,666 1,892 2,079 2,396 224 224 224 250 255 268 292 1,030 1,138 1,190 1,446 1,452 1,404 1,411 36 40 43 80 84 88 95 4,081 3,851 4,022 4,222 12, 674 11, 886 12, 414 12, 872 322 324 324 328 1,919 1,810 1,943 2,109 1,074 1,001 1,024 1,042 1,088 1,040 1,056 1,071 258 274 336 248 13 13 1.3 13 1,966 1,199 1,071 1,199 17 17 16 16 7,154 7,037 5,883 6,582 590 591 593 618 6,378 5,965 6,020 6,303 2,656 2,690 2,731 2,810 2,041 1,913 1,965 2,057 263 265 266 267 1,306 1,455 1,418 1,453 85 85 85 85 4,289 4,543 4,278 4,657 12, 997 13, 732 12, 847 13, 863 330 331 333 336 2,151 2,246 2,107 2, 275 1,076 1,157 1,077 1,170 1,062 1,140 1,094 1,212 248 392 355 731 14 14 14 14 1,422 1, 526 1,248 1,434 16 16 16 17 8,317 12, 147 9,853 12, 612 645 644 668 671 6,326 6,661 5,992 9,187 2,840 2,888 2,946 2,980 2,050 2,257 2,034 3,234 267 266 267 268 1,330 1,451 1,252 1,886 87 87 87 88 1936 January February March April 4,440 4,088 4,519 4,486 13, 214 12, 167 13, 409 13, 312 336 336 337 337 2,120 1,926 2,141 2,171 1,126 1,045 1,150 1,113 1,194 1,117 1,228 1,202 218 239 373 407 14 14 14 15 925 1,187 1,338 2,338 16 16 16 16 4,970 5,478 7,975 8,762 671 671 687 692 5,608 5,610 6, 267 6, 504 2,985 2,984 2,986 2, 995 1,895 1,894 2,133 2,341 269 271 273 282 1,261 1,194 1,367 1,291 88 88 88 88 May. June July August 4,533 4,412 4,297 4,426 13, 491 13, 131 12, 751 13, 056 336 336 337 339 2,165 2,113 2,050 2,189 1,131 1,089 1,076 1,084 1,237 1,210 1,171 1,153 326 306 399 314 15 15 16 16 2,012 1,630 1,242 1,643 16 16 15 15 9,797 9,093 8,327 8,083 694 697 697 721 6,945 6,623 6,783 6,472 2,993 3,017 3,027 3,039 2,502 2,314 2,388 2,260 278 282 285 287 1,253 1,408 1,441 1,403 88 88 91 91 September October November December 4,622 4,748 4,491 4,759 13, 515 13, 843 13, 132 342 343 342 2,289 2,310 2,181 2,321 1,162 1,194 1,117 1,176 1,171 1,244 1,193 1,262 373 511 480 951 17 17 18 19 2,054 1,596 1,393 1,496 15 10, 622 15 13, 247 15 13, 334 15 15, 986 735 743 743 747 6,560 6,878 6,517 9,478 3,059 3,091 3,125 3,134 2,442 2,693 2,312 3,574 286 . 289 291 292 1,423 1,597 1,347 1,949 94 95 94 95 September October November December __ _ _ 1927 January. February March April May June i .' i 1 Data compiled from published reports in financial papers or reported directly by the company to the U. S. Department of Commerce, Bureau of the Census. These sales data represent money values. Data for Jones Brothers Tea Co. from 1920 appeared in December, 1923, issue (No. 28), p. 56, Month.y data since 1920 for the Childs Co. and Waldorf System are shown in the October, 1923, issue (No. 26), pp. 58 and 59. Monthly data for Schulte Cigar Stores from 1921 appeared in June, 1923, issue (No. 22), p. 49, while, for Penney, United Cigar and Owl Drug, monthly sales from 1920 were given in May, 1922, issue (No. 9), p. 111. Yearly data represent number of stores in operation at end of the year indicated. 2 Seven months' average, June to December, inclusive. 116 Table 92.—DEPARTMENT-STORE SALES 1 [Index numbers for base year in bold-faced type] VALUE OF SALES, BY FEDERAL RESERVE DISTRICTS YEAR AND MONTH RichClevePhilaSan Boston New York delphia Atlanta Chicago MinneDallas Francisco mond land apolis (24 stores) (63 stores) (22 stores) (54 stores) (23 stores) (35 stores) (63 stores) 23 stores).2 (21 stores) 2 (31 stores) Total (359 stores) 10O 119 114 116 100 118 112 114 100 128 114 114 100 113 106 101 10O 119 101 94 10O 123 110 114 100 112 102 99 100 120 99 92 100 121 116 121 100 116 114 119 127 126 128 134 127 132 138 143 127 126 129 133 130 128 131 133 111 117 124 129 104 101 106 110 132 133 142 153 105 104 107 99 98 102 109 113 139 143 149 158 124 125 131 136 120 101 113 137 120 103 118 137 110 111 120 136 109 112 120 145 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 May June __ . _ _ _ . . . . July August, _ 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 12,0 91 93 September October . November December 115 137 140 215 127 161 153 226 109 144 153 213 117 134 139 207 106 137 137 213 94 120 113 173 132 135 154 217 102 116 111 162 114 126 115 171 130 157 144 238 119 141 141 210 January February March. April 110 94 110 136 120 107 124 140 105 101 125 134 107 106 125 142 93 89 119 132 83 84 99 109 112 107 127 149 92 81 97 116 92 90 107 110 128 113 142 146 108 101 121 136 May June - July August 128 134 92 88 132 132 94 90 121 127 85 86 132 128 98 103 117 123 91 87 104 98 78 78 139 139 105 113 107 103 81 92 108 98 72 76 148 134 123 140 128 126 95 98 September October _ _ November. _ December 118 156 143 225 128 186 158 243 111 167 167 222 115 160 134 218 105 160 146 230 89 139 122 190 145 173 154 244 104 135 105 167 112 141 115 183 139 168 158 253 121 165 145 226 131 93 119 133 124 108 131 138 112 103 138 128 108 106 127 133 103 91 130 126 88 92 108 114 119 119 145 147 85 76 94 107 96 93 111 108 129 117 158 150 114 104 130 133 134 134 94 97 139 137 99 99 137 129 87 89 137 126 100 108 129 123 96 93 114 104 80 82 159 146 114 122 102 93 81 84 115 107 79 91 152 142 124 151 137 130 99 105 122 154 157 235 136 177 170 254 116 160 166 228 123 152 147 223 110 154 156 235 92 125 129 189 164 171 178 251 103 109 102 157 114 134 126 185 158 169 168 278 131 158 157 234 1919 1920 1921 1922 monthly average . monthly average monthly average - monthly average ..'... . 1924 1924 1925 1926 monthly average monthly average monthly average monthly average January February March April 100 1934 _ _ 120 110 111 1935 January February March April 1936 - May j June July August September October November December _ , 1 1937 February April May i3 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. 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. 117 Table 93.—DEPARTMENT-STORE STOCKS 1 [Index numbers for base year in bold-faced type] VALUE OF STOCKS AT END OF MONTH, BY FEDERAL RESERVE DISTRICTS YEAR AND MCNTH San Total RichClevePhilaMinne- Dallas Boston New York delphia (314 mond Atlanta Chicago apolis land Francisco (24 stores) (63 stores) (13 stores) (52 stores) (19 stores) (22 stores) (51 stores) (22 stores) (14 stores) (29 stores) stores) 3 100 100 100 134 105 109 100 152 124 123 100 119 118 131 100 134 114 112 100 136 115 116 100 139 117 110 100 126 108 115 119 96 97 143 116 109 100 132 116 118 100 136 115 116 122 123 122 121 125 130 133 137 150 154 181 189 125 131 131 130 121 126 126 127 119 116 112 116 147 152 152 155 110 109 112 101 116 107 121 119 130 137 134 138 ' 129 132 135 137 111 115 128 128 117 119 130 136 132 152 162 162 110 126 137 141 104 121 140 134 109 123 125 124 128 145 163 162 97 106 114 112 107 118 126 125 125 131 143 148 116 127 139 141 May June July August 126 119 118 113 131 122 115 120 152 146 141 144 138 128 120 123 130 122 113 116 121 113 109 109 154 145 142 149 113 106 102 106 120 114 110 122 141 134 132 131 136 127 123 126 September October November December 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 99 106 117 116 103 113 125 126 123 126 136 140 119 127 139 141 125 112 113 114 134 128 120 124 179 174 164 179 136 129 120 126 124 123 119 118 114 108 103 113 153 143 140 149 115 109 107 111 123 114 111 123 134 128 129 133 136 129 124 131 125 132 140 119 140 148 153 131 195 210 211 176 137 141 145 123 135 138 147 120 121 124 126 102 158 168 175 148 120 122 124 101 134 135 135 111 140 147 148 124 143 149 154 129 110 113 124 125 125 128 142 142 167 183 201 201 111 125 137 134 113 120 128 131 111 112 122 125 143 151 160 159 96 101 110 110 109 118 128 130 127 132 141 145 125 131 142 143 123 116 111 111 138 131 124 128 184 177 171 175 133 126 118 122 132 126 119 118 116 110 108 109 153 147 137 152 108 101 94 97 125 114 110 117 140 132 129 134 138 131 125 130 125 136 141 121 142 152 157 131 180 221 216 187 137 146 151 124 135 146 149 119 122 128 127 102 162 174 177 142 103 105 105 85 126 129 126 97 143 152 156 128 142 153 156 128 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly 1924 monthly 1925 monthly 1926 monthly average average average . _ average 1924 January February . . _ March . .. April . _. 1925 January February . ._ _ March . __ April May June - ._.._ July August _ . __ September . October November December _. 1936 January February March April May June July August September October November December .« - . . _ 1937 January February March April May June 1 2 _ Data compiled by the Federal Reserve Board, Division of Research and Statistics, and are based upon values. Weighted index based upon number of employees in retail stores as shown by latest available census data, '.For details, see Federal Reserve Bulletin for February, 1923. 118 Table 94.—WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS [Index numbers for base year in bold-faced type] Cleveland Richmond Chicago Kansas City 100 100 10O 100 100 69 71 89 93 96 106 112 112 87 89 86 90 99 92 92 86 112 115 99 110 109 106 79 83 85 86 101 97 97 97 111 113 114 118 118 126 118 129 126 119 124 132 100 103 106 106 100 97 102 101 98 96 103 98 94 104 104 106 132 144 147 153 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 84 91 79 73 95 99 89 76 123 138 127 106 99 95 82 79 103 108 98 85 117 128 109 109 130 146 113 120 116 125 113 118 107 107 103 100 102 108 94 91 98 115 101 98 112 124 108 106 154 171 139 134 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 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 89 95 83 81 94 99 94 95 99 105 91 96 81 86 75 69 95 97 91 80 127 141 125 100 106 96 85 82 103 116 108 88 120 133 110 111 113 151 110 107 134 136 119 130 116 116 105 103 111 116 99 100 109 120 103 105 114 119 99 102 162 170 149 143 77 74 82 80 69 67 75 73 73 70 77 75 101 92 104 93 61 60 70 72 75 71 81 82 93 84 97 100 86 83 84 84 94 85 97 100 111 110 133 123 107 125 153 142 126 117 146 139 118 105 116 104 95 91 113 106 91 90 107 96 106 102 110 98 155 137 166 155 73 77 76 71 87 97 97 94 72 80 74 76 74 77 75 73 86 85 80 87 74 81 79 78 84 100 95 101 101 109 114 104 80 86 84 90 96 104 100 97 111 116 114 115 121 131 125 127 126 128 129 127 99 96 98 101 97 101 96 96 96 97 95 95 97 97 100 120 139 141 146 146 79 88 84 77 109 107 110 101 89 87 82 76 84 81 76 69 95 89 83 84 85 82 77 70 98 90 88 77 126 120 117 112 108 93 84 75 106 104 97 88 124 133 117 110 135 156 113 115 137 137 133 135 113 111 106 93 105 108 106 93 105 104 104 93 121 113 107 97 155 188 161 143 Chicago 100 Atlanta 100 112 97 100 Richmond 100 Cleveland New York San Francisco DRUGS Weighted index 7 districts San Francisco Kansas City Minneapolis Philadelphia ' 10O New York Boston YEAR AND MONTH Weighted index 11 districts GROCERIES | 3 1 INDEX NUMBERS RELATIVE TO 1919 100 100 100 100 100 100 10O 10O 100 1919 mo. 1920 mo. 1921 mo. 1922 mo. av av av av 100 113 77 76 75 74 76 80 76 75 71 74 73 79 77 72 69 79 79 94 91 1923 1924 1925 1926 av av av av 83 84 83 83 83 82 81 77 80 78 78 76 88 87 86 93 79 81 79 77 83 84 89 75 85 90 90 90 74 77 72 74 85 85 86 87 1934 May June July August 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 September October November December 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 1925 January February March April 80 73 79 75 79 68 73 75 75 66 69 68 82 78 81 80 75 68 75 72 86 80 86 84 May June July August 79 84 85 83 81 93 87 81 74 77 79 70 81 86 87 85 75 78 78 78 September October N o vember December 92 99 91 83 84 88 82 81 83 97 92 82 90 96 92 88 1926 January February _ . March April 77 71 81 79 70 63 76 74 77 66 77 71 May . . ._ June July August 80 86 84 82 76 85 84 76 September October _ November December 92 91 87 80 80 82 83 78 mo. mo. mo. mo. 1927 January February March April 100 1 ' ! May 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 each district in 1919. Monthly data from 1919 appeared in April, 1923, issue (No. 20) of the SUEVEY, p. 50. For details and methods of computation, see Federal Reserve Bulletin for April. 1923. 119 Table 95.—WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS [Index numbers for base year in bold-faced type] >> Atlanta Chicago Minneapolis 100 100 100 100 100 80 81 86 97 86 89 62 54 75 66 66 66 60 58 67 64 62 66 78 76 81 77 83 79 101 102 110 120 113 104 106 106 68 58 58 63 101 83 91 93 58 56 58 59 65 58 58 63 71 58 62 70 61 51 52 55 59 47 37 43 69 56 70 57 80 66 70 91 141 143 150 144 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 69 106 109 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 68 64 70 69 63 50 92 81 89 85 80 83 110 115 115 133 144 167 73 76 86 86 104 102 110 108 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 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 84 108 125 101 92 94 100 87 79 108 132 120 118 105 118 94 91 171 169 157 142 86 102 82 86 119 136 111 110 112 114 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 95 87 116 118 86 95 113 102 91 78 90 87 115 102 101 89 75 76 103 102 119 118 153 152 61 71 84 74 99 109 118 106 103 99 115 114 43 50 73 59 59 77 100 82 43 43 70 55 46 47 70 61 49 64 93 68 47 50 73 56 26 35 55 40 33 48 69 58 62 67 77 79 103 102 90 87 126 122 107 104 108 109 105 99 86 81 85 92 86 85 79 86 116 108 101 99 150 152 156 145 78 84 76 75 124 115 106 123 113 112 100 103 60 59 52 73 85 75 75 103 56 61 ' 52 65 64 66 49 63 69 56 51 96 53 47 41 57 46 41 36 49 53 52 50 75 78 87 81 118 101 109 99 108 114 128 119 132 115 118 113 98 107 109 102 85 96 106 98 31 111 112 95 87 164 157 145 122 90 93 82 84 149 135 133 117 110 108 97 94 84 76 67 60 114 111 99 132 74 62 59 66 83 78 67 63 103 80 72 42 66 70 63 41 58 54 46 30 82 76 56 34 136 125 104 81 3 1 & Boston 100 Minneapolis 100 88 68 65 Chicago 100 Atlanta Richmond s 1 100 Richmond fs £ i I ,* Cleveland *l !l £•0 YEAR AND MONTH Philadelphia 8 Weighted index 8 districts SHOES San Francisco HARDWARE •s £ « 1 i INDEX NUMBERS RELATIVE TO 1919 1919 mo. av 1920 mo. av 1921 mo. av 1922 mo. av 100 100 100 100 10O 100 10O 10O 116 82 86 100 78 84 97 100 92 94 82 78 66 69 86 91 78 78 74 76 104 99 103 102 100 96 98 96 113 115 115 114 111 102 104 105 100 94 88 91 84 79 96 94 103 100 101 99 148 143 152 144 104 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 TDp.cfvmhw 106 110 98 99 95 107 95 97 115 134 114 123 111 114 98 93 108 95 88 85 89 101 88 96 1935 January February. March April 89 90 107 107 83 85 103 102 99 95 122 122 93 100 111 104 98 83 97 86 May June July August. 101 105 99 98 97 105 92 87 120 121 108 104 104 111 102 93 September October... NovemberDecember 109 122 103 101 104 117 102 102 111 131 115 126 1936 January February. March April 86 87 106 103 75 77 96 103 May June ^.. July August. . 108 105 98 98 September October November December 111 114 104 99 1923 1924 1925 1926 mo. mo. mo. mo. av av av av 1934 May June . -. July August September October November 1937 January February March April _ _ May June-. 100 10O 120 Table 96.—WHOLESALE TRADE AND CREDIT CONDITIONS , San Francisco Kansas City Chicago Atlanta Richmond Cleveland New York YEAR AND MONTH Weighted index 8 districts MEATS i DRY GOODS i INDEX OF WHOLESALE TRADE i [Index numbers for base year in bold-faced type] average average average average 1923 monthly average. 1924 monthly average 1925 monthly average 1926 monthly average 1925 _ January February March April - ... May June July August -- September October November.. December - _ ._ Textile trade 2 Electrical trade 3 Prompt Orders Indebtpayedness ments Delinquent Accounts Percentage of total recorded transactions INDEX NUMBERS RELATIVE TO 1919 1919 monthly 1920 monthly 1921 monthly 1922 monthly CREDIT CONDITIONS 100 100 100 100 100 100 100 100 100 100 55 56 115 83 83 85 83 84 84 75 72 70 70 80 84 90 91 86 85 65 67 76 79 95 91 91 87 98 95 105 98 99 80 77 74 87 76 69 67 79 76 80 82 94 89 87 79 99 107 120 120 71 69 73 68 82 88 96 85 94 110 121 100 66 75 81 73 70 70 73 59 63 71 89 73 80 77 85 83 75 79 79 79 77 82 85 106 92 100 98 105 65 69 61 80 51 58 60 91 61 55 67 99 82 87 72 72 112 118 92 75 117 117 103 101 93 107 78 79 93 97 68 43 79 75 75 76 79 85 93 77 94 104 109 86 60 72 77 67 81 82 77 81 78 76 78 102 87 84 92 105 86 85 76 71 114 102 91 71 119 103 95 93 Dollars No. of firms * 225, 106 202, 557 1, 518 1,625 90 98 10O 112 73 74 28.3 23.0 24.6 26.9 34.1 36.2 36.6 43.3 60.7 59.4 53.4 47.6 98 102 90 86 109 101 93 90 83 82 84 84 28.8 28.9 25.5 42.6 42.6 41.2 55.3 55.0 53.9 201, 689 186, 770 196, 747 179, 921 1,497 1,518 1,547 1,498 113 111 114 111 81 101 88 73 83 77 91 85 79 76 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, 223 223, 649 231, 911 216, 950 1,336 1,456 1,806 1,953 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, 726 209, 780 195, 345 153, 424 1,774 1,678 1,490 1,425 111 127 84 62 110 118 83 66 141 147 120 88 124 129 93 45 114 114 99 70 94 101 86 80 None. 31.5 24.5 19.0 38.7 44.4 46.7 43.7 51.8 57.7 55.6 52.7 166, 073 184, 055 168, 732 184, 098 1,400 1,597 1,142 1,503 67 71 68 58 74 80 91 78 66 70 83 70 117 116 124 101 71 97 79 69 79 75 99 87 78 76 85 80 24.0 29.9 30.8 24.6 39.1 39.1 41.4 45.0 56.0 51.9 43.3 43.2 159, 038 137, 517 222, 768 249, 618 1,339 1,552 1,897 1,881 68 66 53 76 56 50 53 87 72 63 .62 94 75 72 72 86 106 114 120 146 68 76 75 143 82 85 90 116 82 84 82 87 24.4 22.8 23.5 26.7 45.0 46.5 42.9 38,7 42.6 63.9 52.7 53.3 207, 018 192, 591 167, 635 165, 213 1,702 1,538 1,388 1,367 91 94 86 73 94 84 75 44 118 113 84 53 111 98 86 63 144 132 131 88 129 94 89 45 109 101 89 71 97 94 87 77 29.1 29.3 26.3 40.1 47.8 47.8 55.1 68.1 57.1 186, 892 144, 458 144, 985 -181,318 1,419 1,211 1,241 1,438 1926 January February March April May June July August _ _ __ _- - - September October November December 1927 February March April May June - _ _.. _ - „ .. 1 Compiled by the Federal Reserve Board, Division of Research and Statistics, representing a combined index of dollar sales reported for the various Federal reserve districts, weighted by the number of persons employed in wholesale trade in each district in 1919. For details and methods of computation see Federal Reserve Bulletin for April, 1923. The combined index of wholesale trade is a weighted average based upon the total volume of wholesale trade in lines separately shown on this and the preceding pages, proportional to the total production of each line of goods in 1919. Monthly data from 1919 appeared in April, 1923, issue (No. 20) of the SURVEY, p. 50. 2 Orders, indebtedness, and prompt payments compiled by the Credit Clearing House from reports to it by manufacturers and wholesalers on items of credit from their ledgers concerning merchants or jobbers to whom they sell. The commodities covered are largely textiles, and the individual orders are stated to average from $250 to $600, depending on trade conditions. As one transaction may cover both an order and an indebtedness or payment, the sum of the percentages of orders, indebtedness, and payments will usually exceed 100 per cent. Monthly data by geographic divisions for 1920 and 1921 appeared in May, 1922, issue (No. 9), pp. 131-133, and for 1922 in May, 1923, issue (No. 21), pp. 171-3. 3 Delinquent accounts, electrical trade, are compiled by the National Electrical Credit Association, from reports to its constituent regional associations by electrical manufacturers and j obbers. Monthly data from 1921 appeared in May, 1924, issue (No. 33), p. 206. 4 Eleven months' average, February to December, inclusive. 121 Table 97.—GOLD AND SILVER SILVER GOLD Domestic Imports Exports i receipts at mint 2 1 YEAR AND MONTH Thousands of dollars Stocks, end4 of month Production 4 Band output 3 Fine ounces Imports1 Exports1 United States Thousands of dollars Canada Mexico United States Canada Price in New York 3 Dolls, per fine ounce Thousands of fine ounces 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average. ._ _ $5, 309 4,782 37, 663 57, 166 46, 038 5,170 6,378 $7, 650 18, 551 2,619 12,999 30, 990 3,422 30, 682 148, 050 155, 083 157,830 133, 597 112, 495 86, 472 71, 093 732, 779 698, 275 757, 823 772, 128 751, 855 701, 722 694, 174 $2,989 2,163 2,874 2,689 4,445 5,948 7,451 $5, 231 4,300 1,467 5,883 7,011 21, 071 19, 918 5,567 6,038 6,247 6,201 5,978 5,651 4,723 1920 1921 1922 1923 1924 1925 1926 35, 729 57,604 22, 931 26, 893 26, 643 10, 690 17, 785 26,841 1,991 3,073 2,387 5,137 21,887 9,642 62, 377 80, 183 86, 314 84, 044 90, 234 87, 693 85, 390 679, 801 676, 216 585, 009 761, 088 799, 803 799, 975 7,338 5,270 5,901 6,204 6,162 5,383 5,766 9,468 4,298 5,234 6,039 9,158 8,261 7,688 4,714 4,477 4,623 5,514 5,352 5,115 5,031 1,084 1,416 1,418 1,412 1,327 1,805 5,372 6,756 7,568 7,620 7,740 1,091 446 459 719 453 542 655 636 409 544 442 839 1.010 .621 .675 .647 .668 .691 .621 11, 393 4,426 10, 204 4,862 13, 390 6,712 4,416 2,136 70, 438 71, 652 92, 830 87, 490 813, 249 780, 251 18, 202 808, 218 3,390 4,919 5,238 7,273 6,536 8,522 8,349 8,285 5,225 5,481 5,365 4,934 914 1,005 1,226 1,594 6,904 7,596 7,732 6,900 557 518 539 280 312 225 293 223 .676 .691 .694 .702 4,128 50, 741 10, 456 7,216 6,784 28, 039 24,360 5,968 78, 329 128, 030 102, 641 94, 504 797, 247 812, 832 787, 633 791, 455 4,504 5,602 4,049 5,747 7,487 8,783 8,118 7, 589 4,845 4,644 4,898 4, 931 1,692 1,570 1,286 1,538 7,607 8,418 8,027 9,721 277 202 513 365 541 495 655 634 .716 .711 .692 .689 January February March _ April 19, 351 25,416 43,413 13, 116 3,087 3,851 4,225 17,884 86, 054 74, 044 58, 229 75,336 796, 270 753, 924 834, 340 803, 303 5,763 8,863 5,539 6,322 9,763 7,752 8,333 7,612 5,162 5,043 5,171 4,954 1,126 1,636 1,920 1,373 5,562 8,707 9,192 8,839 927 1,025 395 336 749 819 648 961 .678 .668 .659 .644 May JuneJuly August 2,935 18, 890 19, 820 11, 979 9,343 3,346 5,069 29,743 69, 699 68, 261 82, 696 97,426 849, 214 852, 145 860, 134 843, 854 4,872 5,628 5,949 5,988 7,391 7,978 7,921 8,041 5,066 5,211 4,673 5,270 1,546 1,510 2,665 2,142 7,997 8,401 6,980 6,134 589 392 821 575 693 546 772 738 .651 .655 .648 .624 15, 933 8,857 16, 738 16, 972 23,081 1,156 7,727 7,196 111, 657 108, 741 104, 230 88,307 839, 939 853, 296 840, 276 7,204 5,083 3,914 4,063 7,238 7,279 6,794 5,610 4,860 5,114 4,757 5,091 1,926 2,030 1,742 2,047 7,632 9,612 336 543 242 326 775 1,343 1,085 941 .606 .545 .541 .535 monthly average monthly average monthly average monthly average monthly average monthly average monthly average $0. 598 .548 .497 .657 .814 .964 1.111 1925 May June July August. September October November December ,_. 1926 September . October. _ November December 1927 January _ _ _. February.. March April __ __ _ May June 1 Imports and exports of gold and silver from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 2 Domestic receipts of unrefined gold at U. S. mint from U. S. Treasury Department, Bureau of the Mint. of?' United States and Canada includes purchases of crude silver by the mints in each country. Canadian production is incomplete as the silver contained in blister copper, lead bullion, and lead and zinc ores exported is omitted. Mexican production is reported to the bureau by the Mexican Government and covers refined silver received at the mint for coinage, refined silver exported and silver content of base bullion, blister copper, ore concentrates, etc., exported. Detailed data are contained in the bureau's monthly reports. 122 Table 98.—LIFE INSURANCE—NEW BUSINESS AND PREMIUMS1 (Association of Life Insurance Presidents) PREMIUM COLLECTIONS (new and renewal) NEW BUSINESS YEAR AND MONTH Ordinary Industrial Group Number ThouNumber Number Thou- Numof of of policies sands of ber of of policies con- certifi-2 sands and and cerdollars tracts dollars contracts tificates cates Number Thouof sands of policies dollars Number of policies 379, 819 410, 189 428, 559 414, 605 414, 443 433, 226 465, 248 $51,909 55, 217 58, 128 58, 645 61, 484 66, 099 77, 901 5 6 11 32 81 70 164 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 110, 448 111, 640 180, 261 $141, 450 138, 225 146, 792 181, 418 210, 087 219, 300 382, 644 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1926 monthly average 205, 276 163, 313 166, 781 195, 841 196, 841 214, 168 218, 382 464, 189 381, 688 419, 585 502, 495 532, 347 616, 551 648, 524 499, 938 550, 065 582, 102 662, 259 703, 769 804, 380 782, 137 93, 044 104, 813 118, 233 143, 338 163, 630 196, 598 213, 777 190 58 96 158 132 165 196 1924 September October _ _ November . _ December 157, 705 214, 569 217, 519 424, 701 491, 219 514, 706 637, 727 614, 848 830, 831 641, 128 903, 065 145, 052 180,091 176, 993 184, 724 217, 859 214, 244 523, 654 548, 529 654, 771 638, 206 238, 253 218, 157 213, 216 208, 631 698, 706 638, 195 638, 833 607, 621 September October November. . . . Deravmhfir 79, 514 78, 779 83, 909 2,500 4,090 6,542 Indus- Group trial Ordinary Total Thousands of dollars Thousands of dollars $195, 095 $38, 953 $10, 778 40, 506 11, 580 197, 231 42, 262 12, 421 208, 847 246, 623 ' 45, 721 13, 280 14, 440 50, 485 286, 433 54, 579 305, 953 15, 807 64, 348 496, 010 18, 088 459, 338 488, 974 512, 479 510, 948 524, 972 544, 936 645, 674 461, 833 493, 059 519, Oil 522, 655 550, 650 571, 133 685, 229 705, 404 713, 437 748, 979 858, 257 743, 705 723, 678 770, 229 892, 946 930, 525 1, 064, 080 1, 063, 208 592, 711 495, 758 560, 703 689, 170 745, 790 896, 381 949, 851 150, 718 225, 892 75 13,896 19,354 87 70, 769 131, 101 131 25, 770 38,623 473 109,429 184, 198 772, 628 786,449 1, Oil, 009 1,081,691 855, 828 881, 467 1, 121, 057 1, 230, 013 589, 107 820, 781 704, 047 1, 047, 817 109, 188 103, 731 141, 633 618, 425 732, 120 809, 517 803, 384 147, 441 177, 666 193, 604 196, 895 178 114 129 143 47, 462 22, 764 26, 991 37,244 40, 797 66, 415 795, 596 916, 958 1, 027, 505 1, 017, 771 842, 880 939, 608 1, 054, 367 1, 054, 872 740, 052 762, 891 889, 172 901, 516 882, 325 788, 352 734, 531 717, 402 217, 735 198, 113 182, 991 181, 048 143 160 121 118 23, 174 32, 202 27, 762 68, 887 39, 041 47, 565 54, 947 126, 885 1, 120, 721 1, 006, 669 947, 868 926, 151 1, 143, 752 1, 038, 711 975, 509 994, 920 186, 175 222, 764 218, 240 270, 754 525, 532 691, 227 616, 725 ,1, 199, 183 586, 877 851, 209 720,965 824, 881 175, 114 256, 704 207, 980 223, 883 107 20, 033 37, 788 114 38, 109 54, 433 172 26, 476 111, 066 485 175, 287 314, 194 1926 January February March April 184, 846 192, 677 239, 720 227, 169 560, 289 597, 429 724, 454 675, 296 817, 246 653, 943 844, 659 787, 138 227, 158 174, 782 230, 203 215, 504 200 152 190 163 40, 794 52, 250 44, 257 60, 919 May June July... August 236, 209 237, 020 221, 697 198, 686 702, 309 704, 852 658, 562 595, 929 859, 630 743, 137 916, 607 719, 203 235, 207 202, 315 194, 315 199, 076 195 167 149 157 39, 815 43, 710 53, 057 40, 882 September October November. . December 184, 843 219, 049 221, 457 523, 915 618, 041 629, 860 791, 351 714,041 822, 459 870, 324 837, 252 197, 277 226, 523 235, 691 227, 273 1935 Januarv February March April May June July August. _ - 96,311 257,207 198,461 11, 739 25, 760 26, 266 39, 720 $1, 736 3,790 3,927 6,560 14, 861 20, 555 35, 465 Total $36 52 97 143 308 536 991 $49, 767 52, 138 54, 780 59, 144 65, 233 70, 922 83, 427 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 1,545 1,621 2,092 2,618 4,625 97, 302 105, 556 116, 614 131, 779 147, 083 168, 863 95,049 33,811 33,405 32,190 59, 616 2,148 3,025 2,593 4,186 131, 008 145, 617' 138, 515 205, 434 116, 835 116, 975 128, 544 128, 710 36, 550 32, 901 37, 022 33, 829 4,171 3,125 9,173 5,124 157, 556 153, 000 174, 738 167, 663 955, 482 883, 873 876, 771 915, 554 127, 080 121, 806 125, 554 109, 737 36, 573 37, 977 36, 665 37, 808 3,586 3,263 3,375 3,682 167, 240 163, 046 165, 593 151, 227 877, 509 1, 422, 061 1, 069, 621 1, 096, 120 897, 435 738, 434 927, 862 905,923 1, 095, 925 1, 270, 922 1,259,042 107/367 37, 057 1,460,056 130, 045 130, 920 157, 858 38,951 3,124 4,841 4,940 7,100 147, 548 173, 837 174, 934 229, 976 56, 280 83, 088 72, 368 80, 663 1, 002, 292 846, 772 1, 084, 569 1, 014, 470 1, 042, 886 898, 870 1, 128, 636 1, 075, 226 843, 727 855, 299 1,027,025 971, 463 124, 695 41, 247 37, 801 170, 949 169, 364 190, 301 183, 126 56, 458 69, 282 78, 125 55, 632 1, 096, 034 980, 324 938, 453 918, 046 1, 135, 654 1, 023, 867 991, 361 958, 771 157 47, 743 73, 456 183 44, 213 62, 353 182 70, 363 100, 448 456 214, 277 262, 452 899, 041 1, 041, 691 1, 091, 963 1, 094, 915 946, 627 1, 085, 721 1, 162, 144 1, 308, 736 38, 491 10, 299 21, 345 34, 847 29,916 45, 533 62, 690 35,478 9,257 22, 885 43, 337 49, 814 83,232 87, 550 68, 957 36,696 900,741 1, 018, 713 1, 000, 714 39, 074 65, 018 142, 143 139, 123 43,344 40, 763 5,007 8,107 4,814 3,240 993, 974 976, 449 931, 002 850, 637 131, 553 40, 299 43, 747 42, 639 43, 419 4,251 4,206 4,457 4,102 176, 103 180, 221 180, 851 165, 372 794, 648 906, 917 965, 999 1, 281, 076 118, 023 125, 689 127, 489 40, 827 43, 988 3,783 4,735 4,327 162, 633 174, 412 177, 097 123,456 132,268 133, 755 117, 851 45,281 1927 January February March April May June 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. 123 Table 99.—LIFE INSURANCE—ASSETS AND SALES BY DISTRICTS SALES, ORDINARY INSURANCE (81 compan es) ' (Life Insurance Sales Research Bureau) ADMITTED ASSETS (41 companies) 1 (Association of Life Insurance Presidents) Mortgage loans Bonds and stocks (book values) Policy YEAR AND MONTH Grand total Total Farm Total Government Railroad loans and Public preutili- mium notes ties United States, total Eastern manufacturing mo. av__. mo. av mo. av... mo. av.__ mo. av._. mo. av... SouthFar ern western Thousands of dollars Millions of dollars 1921 1922 1923 1924 1925 1926 Western Western manufactur- agricultural ing CANADIAN SALES, ORDINARY a $425, 092 459, 292 549, 296 584, 871 672, 286 700, 730 $154, 321 174, 242 208, 526 233, 584 267, 430 279, 875 $90, 152 98, 380 121, 194 127, 321 144, 071 152, 474 $81, 074 78, 899 90, 912 91, 008 107, 277 110, 174 $57, 145 61, 645 72, 403 72, 954 85, 312 88, 133 $42, 400 46, 126 56, 261 60,088 67, 946 70,075 $30, 847 28, 421 30, 487 32, 597 35, 406 39, 304 $7, 409 8,091 8,944 $2, 694 3,138 3,607 $1,261 1,405 1,496 $3, 327 3,428 3,653 $1, 219 1,119 1,053 $1, 750 1,849 1,975 $281 365 521 $928 995 1,070 1924 September October November December 8, 231 8,297 8,359 8,476 3,227 3,263 3,298 3,338 1,433 1,439 1,444 1,452 3,453 3,469 3,496 3,534 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 30, 029 32, 438 34, 357 37, 120 1935 January February March— April 8,549 8,606 8,673 8,755 3,377 3,410 3,449 3,496 1, 456 1,460 1,474 1,483 3,547 3,561 3,583 3,595 1,082 1,078 1,067 1,061 1,922 ,927 ,939 ,946 441 454 474 486 1,027 1,032 1,039 1,048 559, 916 611, 480 702, 994 716, 078 238, 217 259, 837 284,997 293, 452 120, 740 131, 410 152, 821 149, 330 81, 576 92, 432 111, 129 116, 079 62, 662 72, 367 85, Oil 88,054 56, 721 55, 435 66, 036 69, 163 30,838 28, 698 35, 001 35, 872 May June July August 8,825 8,892 8,974 9,039 3,542 3,586 3,633 3,671 1,492 1, 500 1,507 1,510 3,624 3,647 3,666 3,680 1,055 1,048 1,038 1,040 ,960 ,974 1,983 1,989 506 521 538 545 1,057 1,066 1,075 1,083 737, 515 694, 577 692, 492 651, 110 298, 032 268, 911 288, 312 250, 691 154, 941 148, 939 144, 296 140, 368 117, 751 116, 109 107, 665 105, 099 94, 436 90, 515 82, 901 83,514 72, 355 70, 093 69,318 71,438 34, 377 42, 307 37, 671 31, 724 September October November December 9,121 9,209 9,292 9,394 3,707 3,750 3,796 3,864 1,513 1,515 1,518 1,523 3,694 3,713 3,751 3,779 1,041 1,035 1,048 1,045 2,001 2,005 2,015 2,034 547 567 580 588 1,092 1,099 1,103 1,113 590, 771 668, 794 637, 023 804, 684 219, 426 258, 615 252, 514 296, 151 127, 148, 136, 173, 582 401 517 510 98, 954 107, 380 99, 155 133, 997 80, 030 86, 527 81, 492 116, 231 64, 779 67, 871 67, 345 84, 795 33, 543 36, 259 36, 760 41, 822 1926 January February March April 9,481 9,546 9,630 9,717 3,913 3,961 4,016 4,073 1,527 1,533 1,543 1,552 3,807 3,811 3,825 3,846 'l, 043 1,026 1,007 996 2,046 2,057 2,074 2,091 607 620 636 650 1, 122 1, 129 1,141 1,152 572, 639 640, 775 790, 669 743, 635 241, 508 266, 359 314, 969 301,053 121, 408 140, 076 177, 861 156, 590 85,239 96,704 121, 290 119, 914 68,874 78, 835 97, 904 94, 449 55, 610 58,801 78, 645 71, 629 33, 907 34, 744 40, 483 37,346 May June July August 9,800 9,882 9,969 10, 050 4,121 4,181 4,238 4,290 1,560 1,568 1,572 1,577 3,865 3,888 3,899 3,907 979 962 951 948 2,104 2,128 2,132 2,137 672 688 705 710 1,163 1,174 1,184 1,194 735, 724 749, 567 702, 129 649, 023 299, 463 289, 847 279, 650 241, 270 152, 382 162, 750 153, 663 145, 015 116, 090 124, 381 110, 372 107, 354 93, 816 96, 540 86, 758 84, 572 73, 973 76, 049 71, 686 70, 812 37, 703 44, 634 40, 101 36, 010 September October November December 10, 141 10, 237 10, 333 4,335 4,405 4,463 1,579 1,581 1,585 3,924 3,941 3,957 948 937 936 2,148 2,156 2,161 715 729 740 1,202 1,210 1,219 597, 667 656, 362 691, 520 879, 049 222, 265 262, 334 283, 297 356, 488 132, 004 145, 635 153, 194 189, 106 104, 268 100, 446 102, 894 133, 132 76,904 81, 621 84, 462 112, 856 62, 226 66, 326 67, 673 87, 467 34, 878 40, 226 44, 251 47, 366 1927 January February March April _. Mav June. 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 9f the end of each month and are designed to show the fluctuations in the character of investments of life insurance companies. Admitted assets embrace all assets permitted by statute to be included for testing the solvency of the companies; in addition to the items separately listed, the total also includes real estate, collateral loans, cash, bills receivable, interest due and accrued, deferred and unpaid premiums, etc. Of the bonds and stocks, approximately 98^ per cent are bonds and 1^ per cent are stocks. A compilation of the mortgages owned by 57 life insurance companies, by States, as of Dec. 31, 1925, appeared in the September, 1926, issue (No. 61), p. 26. 2 Represents data on ordinary life insurance only (thus excluding industrial and group insurance) compiled by the Life Insurance Sales Research Bureau from 81 insurance companies who held on Jan. 1, 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. 66. The Eastern Manufacturing district includes Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, and Pennsylvania; Western Manufacturing district—Ohio, Indiana, Illinois, Michigan, and Wisconsin; Western Agricultural district—Minnesota, Iowa, Missouri. North Dakota, and Texas; Southern district—Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida, Kentucky, Tennessee, Alabama, and Mississippi; Far Western district—Montana, Idaho, Wyoming, Colorado, New Mexico, Arizona, Utah, Nevada, Washington, Oregon, and California, a Compiled by the Life Insurance Sales Research Bureau from reports of companies which had on Jan. 1,1923,83 per cent of the legal reserve ordinary business in force in Canada. Details by Provinces are given in the bureau's monthly reports. 124 Table 100.—BANKING DEBITS TO INDIVIDUAL ACCOUNTS i In New Outside New York York City City YEAR AND MONTH BANK CLEARINGS a In New York City CONDITION OF CONDITION OF FEDERAL RESERVE BANKS 3 REPORTING MEMBER BANKS 3 Bills Notes Total Total Outside New Canadis- in cirreYork dian < count- cula- investments serves tion ed City Millions of dollars 1913 mo 1914 mo. 1915 mo. 1916 mo. 1917 mo. 1918 mo. 1919 mo. av av av av av av av Total deposits Reserve ratio Per cent ' $5, 749 5,508 5,879 7,713 9,734 11, 801 13, 944 $775 659 637 859 1,021 1,115 1,351 $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 94.6 83.5 75.6 57.0 50.2 Total Total loans and dis- investments counts Net demand deposits Millions of dollars $20, 343 $17, 598 $7, 886 6,918 9,184 13, 298 14, 784 14, 878 19, 650 1920 ino. av . . 1921 mo, av _._ . 1922 mo. av 1923 mo. av 1924 mo. av 1925 mo. av _ 1926 mo. av 20,119 17, 258 19, 988 19, 866 21, 961 26, 114 28, 255 20, 133 15, 995 16, 626 18, 777 19, 013 21, 368 22, 411 20, 261 16, 194 18, 158 17, 833 20, 823 23, 637 24, 196 15, 801 12, 212 13, 204 15, 847 16, 347 18, 255 18, 653 1,632 1,401 1,304 1,392 1,367 1,346 1,414 2,557 1,755 550 751 362 500 581 3,154 2,664 2,215 2,239 1,866 1,689 1,707 685 338 618 399 583 646 627 2,126 2,672 3,149 3,192 3,196 2,869 2,955 1,922 1,744 1,851 1,941 2,111 2,247 2,286 43.5 61.4 77.5 76.4 80.4 74.8 74.1 $11, 927 10, 953 11,788 12, 343 13, 450 14, 141 $3, 364 4,230 4,617 4,968 5,464 5,579 11, 302 10, 178 10, 855 11, 143 12, 065 12, 892 12, 976 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, 879 18, 589 15, 738 17, 855 17, 821 1,364 1,069 1,151 1,229 274 434 378 400 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 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, 212 18, 361 18, 714 17, 053 1,290 1,186 1,273 1,195 414 455 468 580 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 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, 190 20, 554 18, 598 20, 379 1,278 1,647 1, 613 1,835 633 590 625 750 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 30, 538 24, 813 33,006 29, 300 23,581 20,016 23, 432 22, 512 27, 101 21, 453 28, 092 25, 964 19, 631 16,583 19, 502 18, 649 1,300 1,193 1,293 1,417 449 540 632 514 1,667 1,679 1,656 1,662 670 645 593 601 2,953 2,917 2,920 2,954 2,272 2,262 2,323 2,242 75.0 74.0 73.4 75.7 13, 949 13, 930 14,052 13,949 5,478 5,492 5,495 5,576 13, 034 12, 935 12, 901 12, 829 May June July August 26, 571 28,196 27, 659 26, 233 21, 426 22, 442 23, 674 20, 755 23, 386 24, 195 23, 827 21, 676 18, 170 18, 934 19, 184 17, 472 1,403 1,411 1, 376 1,345 474 515 621 620 1,673 1,697 1,671 1,703 645 643 585 576 2,975 2,980 2,999 2,966 2,243 2,260 2; 261 2,282 76.0 75.3 76.3 74.4 13, 874 14, 135 13, 976 14, 179 5,705 5,681 5,652 5,599 12, 917 13, 252 12, 846 12, 961 September October.. November December 25, 618 28, 755 25, 790 32, 577 21, 311 23, 754 21, 568 24, 464 21, 360 24, 333 22, 252 26, 715 17, 966 19, 754 18, 236 19, 757 1,320 1, 579 1,669 1,664 717 632 645 711 1,716 1,731 1,772 1,857 581 610 677 699 2,937 2,954 2,956 2,944 2,330 2,281 2,324 2,346 72.6 73.6 72.2 70.1 14, 395 14, 314 14, 375 14, 569 5,634 5,578 5,521 5,541 13,003 12, 918 13, 033 13, 082 September October. _ November December 1926 January February March April _ . _.. $9,260 10, 576 1927 January February March April May June 1 Debits to individual accounts are collected by the Federal Reserve Board from about 150 of the larger clearing-house centers. These data represent check transactions more fully than clearings inasmuch as all checks debited to individual accounts are included and not merely those passing through the clearing house. The figures given are combined from weekly totals, the first and last weeks of the month being prorated. Data for individual cities were presented in the October, 1923, issue (No. 26), pp. 51 to 55, and in the October, 1926, issue (No. 62), pp. 22 to 24. 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 12 Federal reserve banks and the condition of over 800 member banks of the Federal reserve system, are compiled by the Federal Reserve Board. The condition is given as of the last Wednesday of the month, but prior to April, 1921, figures are of the last Friday of the month. The reserve ratio represents the percentage which total reserves (mostly gold) form of the combined deposit and Federal reserve note liabilities. Prior to March, 1921, net deposits were used instead of total deposits in calculating reserve ratios. Monthly data from 1920 on condition of Federal reserve banks may be found in the May, 1922, issue (No. 9), p. 123, except for investments, which are given in the September, 1922, issue (No. 13), p. 47. 4 Covering 16 cities. 125 Table 101.—PUBLIC FINANCE, INTEREST RATES, AND SAVINGS UNITED STATES GOVERNMENT FINANCES i YEAR AND MONTH MONEY IN CIRCULATION a To New OrdiGross York Total CusPer nary debt, Total capita Stock toms ordinary expendiend of receipts Exchange receipts month tures members8 Millions of dolls. Thousands of dollars Millions of Dollars dolls. Thousands of dollars Per cent rev 11 $696, 452 1, 156, 891 5.52 4 80 3.46 3.45 4.73 10 5. 50 5.83 5.88 5.67 5.43 976, 888 774, 005 1, 319, 184 1, 391, 229 1, 564, 708 2, 336, 188 2, 704, 238 8.58 5.99 4.42 4.87 3.17 4.31 4.58 7.38 6.54 4.43 4.99 3.91 4.02 4.24 2, 466, 628 2, 629, 243 2, 691, 297 2, 908, 060 4.56 4.90 4.75 5.45 3, 513, 174 3, 535, 590 3, 000, 096 2, 835, 719 3, 098, 192 3, 109, 331 2, 573, 051 2, 463, 697 42.21 41.85 42.01 42.02 2, 767, 401 2, 926, 298 2, 997, 760 3, 142, 148 42.34 42. 53 42.62 43.03 3, 218, 937 3, 111, 177 3, 129, 162 3, 292, 860 $26, 512 24, 344 17, 439 17, 636 18, 832 15,000 15, 371 1920 mo. av. 1921 mo. av. 1922 mo. av_ 1923 mo. av. 1924 mo. av. 1925 mo. av. 1926 mo. av_ 24, 298 23, 976 22, 964 22, 350 21, 251 20, 516 19, 643 26, 909 25, 714 29,704 46, 827 45, 470 45, 630 48, 286 557, 880 468, 744 342, 425 333, 928 334, 337 315, 012 330, 813 540, 174 461, 517 316, 275 308, 123 292, 223 294, 137 298, 749 5,332 4,843 4,374 4,729 4,755 4,736 4,835 50.11 44.80 39.86 42.50 42.20 41.51 41.85 20, 418 20, 407 20, 401 20, 248 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 20,283 20, 276 20, 083 20,069 46, 399 47, 615 54, 891 47, 936 186, 283 179, 296 657, 621 194, 713 232, 847 151, 877 466, 240 336, 867 4,740 4,814 4,806 4,854 41.24 41.84 41.73 42.11 May June.. _ July August 20, 063 19, 643 19, 613 19, 534 42, 707 47, 261 49, 352 51, 815 183, 520 651, 639 236, 020 192, 954 250, 869 362, 203 222, 095 254, 802 4,871 4,835 4,858 4, 864 September October November December __ 19, 473 19, 420 19, 389 19, 075 55, 596 60, 969 52, 655 48, 431 576, 528 192, 919 176, 002 657, 096 290, 465 367, 595 364, 250 414, 032 4,906 4,933 4,949 5,001 $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 N.Y. Coml. Fed. call land banks loans III OS.5 (8) (6) 3.29 3.68 1.90 2.74 3.37 5.08 7.07 $1, 193 1,188 1,191 1,225 2,976 12, 244 25, 482 $3, 289, 194 SAVING DEPOSITS (end of month) INTEREST RATES By New York banks 4 $3, 364 $34. 56 3,402 34.35 3,261 32.38 3,591 35.06 3,849 36.96 4,336 40.96 4,795 45.18 1913 mo. av. 1914 mo. av_ 1915 mo. av. 1916 mo. av. 1917 mo. av. 1918 mo. av. 1919 mo. av. 1925 September.. October NovemberDecember.. 1926 January February March April BROKERS' LOANS (end of month) Interin ed. credit banks (6) Redis. New York United N.Y. States State Fed. postal savings8 Res. savings ° banks Bk.? Thousands of dollars 5.00 5.00 5.00 5.00 5.00 $1, 724, 607 1, 772, 357 1, 805, 366 1, 918, 453 1, 989, 013 2, 016, 866 2, 223, 216 $39, 750 59, 145 74, 349 112, 159 143, 193 167, 653 161, 373 5.50 5.83 5.67 5.63 12 5. 50 5.75 5.17 5.25 4.58 ,5.25 4.71 6.50 5.88 4.20 4.46 3.67 3.46 3.83 2, 465, 491 2, 635, 572 2, 800, 118 3, 090, 659 3, 258, 920 3, 491, 492 3, 717, 807 163, 434 154, 124 138, 168 132, 190 133, 025 132, 824 4.19 4.40 4.38 4.38 5.25 4.50 5.25 4.50 5.25 is 5. 00 5.25 5.00 3.50 3.50 3. 50 3.50 3, 487, 629 3, 529, 169 3, 533, 841 3, 602, 675 132, 159 132, 398 132, 711 133, 235 . 4. 50 4.94 4.59 4.38 4.38 4.13 4.28 4.20 5.25 5.25 5.25 5.25 5.00 5.00 5.00 5.00 4.00 4.00 4.00 3.50 3, 593, 530 3, 625, 038 3, 671, 730 3, 668, 819 134, 091 134, 997 134, 926 134, 850 2, 431, 505 2, 565, 177 2, 602, 042 2, 758, 274 3.97 4.19 4.43 4.59 4.00 3.88 3.95 4.31 5.25 5.00 5.25 !3 4. 50 5.25 4.50 5.25 4.50 3.50 3.50 3.50 4.00 3, 667, 580 3, 726, 826 3, 721, 746 3, 729, 404 2, 812, 971 2, 602, 196 2, 646, 653 2, 787, 761 4.90 4.75 4.59 5.15 4.43 4.50 4.44 4.38 5.25 5.25 5.25 5.25 4.00 4.00 4.00 4.00 3, 776, 911 3, 778, 155 3, 791, 144 3, 862, 801 4.50 4.50 4.50 4.50 1927 January February March April 1 Compiled by the U. S. Treasury Department. Yearly figures under this heading represent averages for the fiscal year ending June 30 of the year indicated, except the debt figures, which represent the condition on June 30. Debt figures up to thelast two months are on a warrant basis, the current months being on a cash basis, as shown in the preliminary debt statement, where further details may be obtained. Monthly data extending back to 1921 appeared in the March, 1924, issue of the Survey (No. 31), p. 56. Receipts and expenditures are shown in detail currently in the daily statement of the U. S. Treasury. The large total receipts every three months are due to payment of income-tax installments. Expenditures represent those chargeable against ordinary receipts. 2 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. 3 Compiled by the New York Stock Exchange from reports of all its members as to their net borrowings on collateral outstanding at the end of each month from banks or agencies in New York City. These data include borrowings for out-of-town branch and correspondent offices. These security loans are used to carry securities not only for customers but also for investment distribution. Details as between banks and other agencies and between demand and time loans are given in the Exchange's monthly reports. 4 Compiled by the Federal Reserve Board from reports, beginning with 1926, of 61 identical reporting member banks in New York City on their collateral loans to brokers and dealers on thelast Wednesday in each month (not confined to members 9f the New York Stock Exchange). Details as to the account for which loans were made (for out-of-town banks, or others), differentiating in each case between call and time money, are given in the board's weekly press releases. Prior to 1926, the figures are based on daily reports of 43 banks, a few of them nonmembers of the Federal reserve system, and did not include for some banks the loans to dealers in securities. However, the figures are fairly comparable. Prior to April, 1921, the data represent thelast Friday in each month, instead of the last Wednesday. Complete weekly data in detail from 1917 were published in the November, 1926, issue of the Federal Reserve Bulletin, pp. 779-786. * Interest rates are averages of weekly ranges in the New York market as published by the Commercial and Financial Chronicle. During the earlier years quotations on commercial paper are based on prime commercial paper maturing in 60 to 90 days, but lately the quotations have been changed to from 4 to 6 months' paper which now constitutes the bulk of this business and the rates for which have been practically identical with the shorter maturities. Call loan rates are based on mixed collateral. Detailed data by months from 1913 are given in the June, 1924, issue (No. 34), p. 56. 6 Compiled by the Federal^ Farm Loan Board, representing average interest rates charged by the Federal farm loan banks and intermediate credit banks, respectively. These rates are based on the interest rates on farm loan bonds issued by the respective banks, being limited bylaw to a rate not exceeding 1 per cent higher than the rate of the bond issue. The law limits interest rates to a 6 per cent maximum. The rates given here for intermediate credit banks are those for direct loans only. For descriptions of these banks and the type of their loans, see Table 103. The land bank rates since the beginning of 1925 range from 5 to 5K per cent, the figure of 5^ being merely an average of these rates and not the actual rate. 7 From the Federal Reserve Board. Monthly averages for years prior to 1922 cover only 61-90 day commercial, agricultural and livestock paper; since then rates shown are applicable to all classes and maturities of eligible paper. s Compiled from data furnished by the Savings Bank Association oftJie State of New York, comprising all savings banks in New York State at semiannual periods, totaling about 150 banks. For the intervening months, for which figures were compiled beginning in 1924, a few banks, representing about 1 per cent of the total deposits do not report and their deposited balance at the last semiannual period is added to the figures of the reporting banks to secure complete data. Yearly figures from 1914 to 1920, inclusive, and for 1923, are averages of deposits on June 30 and December 31 of each year; 1913 figures are for December 31; 1921 data are averages of four quarterly figures, and for 1922 the first three quarters are averaged. s Compiled by the U. S. Post Office Department, showing depositors' balance in all postal savings accounts throughout the country at the end of the month. Details for principal cities are given in the department's? monthly statement of postal savings business. 12 10 Average of 8 months, May to December, inclusive. Average of 10 months, March to December, inclusive. 13 " Average of 3. months, October to December, inclusive. Rate change occurred during this month, but not usually on the first day of the month. 126 Table 102.—STOCKS AND BONDS STOCK PRICES YEAR AND MONTH BOND EXCHANGE YIELDS NEW YORK STOCK SALES 2 BOND PRICE INDEXES 0) ComCom10 10 Com10 10 Libbined 25 South25 bined high- sec- public bined 5erty ern index index indus- rail- cotton ond utility indusindex est trial and trials roads mills (103 (40 grade grade (66 stocks) bonds) rails rails bonds bonds bonds) Treasury Dollars per share Per cent of par value of 4 per cent bond 16 for- eign Per cent of par value Munici- Stocks pal bonds Liberty Miscellaneous bonds and ury Treasbonds cent Per Thous. of shares 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 8 $40, 492 47, 544 117, 059 71, 322 236, 814 $41, 499 56, 959 79, 623 94, 199 85,690 164, 603 308, 136 323, 969 288, 816 343, 390 227, 903 315, 323 286, 124 260, 045 Thousands of dollars par value 1913 1914 1915 1916 1917 1918 1919 m.a. m.a. m.a. m.a. m.a. m.a. m.a. $58. 19 58.08 75.35 99.14 85.44 80.98 105. 77 $82. 97 77.57 73.16 80.05 69.12 61.34 62.06 76.76 80.49 75.88 69.84 69.07 89.79 92.45 87.43 80.02 77.89 75.55 78.00 72.42 66.12 66.33 73.73 77.59 72.36 63.89 61.77 1920 1921 1922 1923 1924 1925 1926 m.a. m.a. $84.57 m.a. 97.08 m.a. 82.13 m.a. 88.74 m.a. 110. 63 m.a. 113.56 107. 21 79.38 98.58 107. 78 115. 08 152. 65 165. 70 55.94 53.21 62.38 60.15 67.18 82.48 93.27 $138. 45 124. 68 116. 99 114. 25 59.70 60.15 74.11 71.72 74.32 77.04 80.28 71.33 74.39 85.50 82.86 85.11 86.96 89.48 58.54 61.43 71.76 67.71 71.96 76.69 81.21 51.99 60.12 53.92 55.28 67.50 8 74. 00 72.27 66.26 73.21 68.93 70.81 75.45 74.40 77.86 85.38 94.93 93.46 95.68 97.52 99.23 93.20 99.54 98.77 101. 44 102. 62 102.73 92.42 101. 22 100. 22 101. 71 103. 04 103.31 5.04 5.02 4.21 4.27 4.21 4.13 4.14 18, 728 14, 334 21, 852 19, 773 23, 503 37, 684 37, 425 88, 563 115, 686 206, 948 161, 521 243, 145 256, 621 238,734 235,406 173, 130 136, 442 66,549 72, 178 29,503 21, 311 70.51 75.89 71.35 69.36 70.76 Total bonds 1925 Jan Feb Mar Apr 105. 06 105.64 99.78 101. 90 135. 138. 136. 135. 38 48 96 40 79.97 80.90 79.07 76.28 120. 91 119. 97 119. 08 117. 74 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, 825 280, 237 281, 732 247,768 48, 638 26, 691 33, 316 30, 283 352, 463 306,928 315,048 . 278, 051 May June July Aug 104.68 108. 05 110. 75 112. 71 142. 34 144. 42 149. 25 158. 16 79.50 79.57 80.23 83.63 115. 95 114. 84 113. 66 114. 24 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 98.18 97.47 97.71 102. 65 102. 97 102. 14 102. 46 103. 84 103. 50 103. 40 103. 81 3.99 4.00 4.07 4.15 36, 463 30, 860 32, 273 32, 865 313, 612 243, 516 237, 909 219, 278 25, 186 33, 074 32, 192 22,143 338, 798 276, 590 270, 101 241, 421 Sept Oct Nov Dec 115. 121. 120. 121. 71 39 05 84 162. 83 173. 56 177. 26 177. 74 84.73 84.92 88.56 92.45 114. 42 115. 89 118. 27 118. 88 76.92 76.73 77.12 77.56 86.54 86.06 86.22 86.90 76.91 76.78 77.73 78.28 70.95 70.52 70.65 70.92 74.92 75.17 75.46 75.81 97.55 97.46 97.53 97.81 101. 40 106. 92 102. 02 101. 95 104. 00 102. 75 101. 41 102. 26 4.21 4.26 4.22 4.23 36, 886 53, 423 48, 981 42, 876 242, 657 258, 979 218, 999 230, 939 21, 066 21, 528 23, Oil 36, 911 263, 723 280, 507 242, 010 267,- 850 1936 Jan Feb Mar Apr 120. 42 119. 92 106. 63 108. 94 179.90 179. 55 158. 05 144. 70 92.40 90.83 87.35 86.33 120. 49 120. 89 119.49 117. 79 78.59 78.69 79.32 80.16 87.99 88.77 88.71 89.83 79.22 80.09 79.74 81.23 71. 99 73.65 73.22 73.69 76.80 77.73 77.13 77.60 98.77 98.81 98.38 99.38 102. 35 102. 63 102. 61 102. 87 103. 26 103. 14 101. 80 102. 92 4. 17 4.15 4.14 4.12 39, 088 35, 462 52, 040 30, 224 262, 897 218, 297 247, 061 269, 232 29, 680 17, 938 27,106 28, 948 292, 577 236, 235 274, 176 298, 180 115. 04 113.84 110. 58 110. 33 80.68 80.82 80.56 80.48 89.99 89.59 89.11 89.23 81.97 82.20 81.53 81.20 74.24 74.89 75.14 74. 78 78. 15 78.08 77.79 78.09 99.43 99.42 99.15 99.08 102. 78 102. 95 102. 74 102. 56 102. 83 103. 31 103. 40 103. 61 4.12 4.10 4.11 4.12 23, 188 37, 990 36, 732 44, 189 226, 854 250, 875 221, 926 203, 543 20, 857 26,452 20, 052 11, 906 247, 711 277, 327 241, 978 215, 449 110. 110. 110. 110. 80.42 80.31 81.36 81.95 89. 36 89.52 90.42 91.19 81.23 81.33 82.27 82. 51 74.67 74.29 75.60 76. 59 77.82 77.59 78.60 78.89 99.01 99.41 99.74 100.14 102. 27 102. 62 102. 88 103. 50 103. 64 103. 80 103. 92 104. 04 4.16 4.16 4.14 4.13 36, 904 40, 213 31, 183 41, 891 175, 594 217, 302 272, 138 299, 088 14, 060 15, 870 17, 457 25, 403 189, 654 233, 172 289, 595 324, 491 May June Julv Aug 108. 13 111. 50 112. 75 ' 115. 64 146. 155. 163. 172. 95 81 01 22 88.04 92.37 93.77 96.14 Sept Oct Nov Dec 114. 48 111. 61 115. 32 117.43 172. 164. 171. 179. 26 63 95 36 99.43 94.93 97.43 100. 35 68 67 79 46 1927 Jan Feb Mar Apr ! I May June | II i 1 Average market yield of bonds of 20 large cities at the end of each month compiled by The Bond Buyer. Averages for 1913 to 1916, inclusive, taken from Bond Buyer's Index of the Municipal Bond Market, based on period Jan. 1 to Dec. 1; subsequent yearly data are averages for the period Jan. 31 to Dec. 31. 2 Bond sales from Dow, Jones & Co.; stock sales from the Annalist. These data include only sales on the New York Stock Exchange and not those in the "over-thecounter" market or on other exchanges. Monthly data from 1920 are given for most items in this table in the May, 1922, issue (No. 9), pp. 125 and 129. 3 This index, compiled as of the last day of the month by the New York Trust Co., includes 25 railroad, 10 iron and steel, 5 railroad equipment, 9 motor (including accessories), 5 rubber tire, 5 shipping, 5 sugar, 5 leather and shoe, 5 tobacco, 10 copper, 10 oil, and 9 New York bank and trust companies. * Prices are averages of daily closing prices for these stocks on New York Stock Exchange, taken from the Annalist. Monthly data from 1913 are given in the December, 1922, issue (No. 16), p. 47. 8 Compiled[ ffrom weekly quotations of 25 southern cotton-mill stocks as furnished by E. S. Dlckson & Co. Monthly data from 1923 may be found on page 24 of the March, 1926, issue (No. 55). 8 These indexes are compiled by Dow, Jones & Co. from the yields of the average prices of the bonds for each day of the month, the average yields for the 10 bonds of each class being capitalized at 4 per cent to give the combined index. 7 This index, compiled as of the last day of the month by the New York Trust Co., includes 6 Liberty and Victory bonds (the 2 issues of Victory bonds being replaced at their redemption by the Treasury bonds, thus making only 5 issues), 16 foreign government and city, 20 railroad, 10 public utility, and 5 telegraph and telephone issues. 8 Seven months' average, June to December, inclusive. 8 Five substitutions in this series in January, 1922, account for the violent change in the index. 127 Table 103.—NEW SECURITY ISSUES AND AGRICULTURAL FINANCING CORPORATE SECURITIES 1 YEAR AND MONTH Total ReBonds New fundStocks and capital ing notes MUNICIPAL SECURITIES' CANADIAN BOND ISSUES 3 av_-_ $137, 145 av-_- 119, 710 av_-_ 119, 613 av-._ 182, 208 av___ 127, 498 112, 068 av a v~ 251, 764 $157, 935 $225, 825 $21, 357 117, 963 151, 828 49, 407 203, 899 194, 615 61, 460 206, 291 214, 782 44,037 247, 691 276, 858 43,023 285, 595 341, 727 53,115 331, 815 363, 084 78, 546 247, 188 1920 monthly av 1921 monthly av.-- 201, 234 1922 monthly a v - - . 255, 868 1923 monthly av_ _ _ 267, 704 1924 monthly av_- _ 319, 890 1925 monthly av._. 394, 843 1926 monthly av.__ 441, 629 $89, 253 23,271 51, 969 61, 413 72, 199 109, 248 109, 814 1935 September October November December. 74,634 120, 932 149, 938 161, 919 236, 053 250, 373 226, 302 356, 441 294, 309 300, 994 365, 565 474, 903 16, 379 70, 310 10, 675 43, 458 442, 807 288, 039 299, 109 410, 853 545,843 381, 093 443, 232 331, 516 68, 707 33, 095 37, 168 111, 070 310, 687 371, 305 __ _ 376, 240 518, 360 1926 January February _ __ March... . . _ _ . April 614, 549 414, 189 480, 400 442, 586 171, 742 126, 150 181, 291 31, 733 May _ . June July August _ --_ 453, 868 472, 402 474, 384 243, 450 196, 423 257, 445 57, 196 415, 206 101, 036 373, 348 46, 507 196, 943 441, 631 12, 237 379, 039 93, 363 414, 635 59, 748 176, 155 67, 295 September October November December ._ 328, 706 350, 483 595, 237 429, 304 48, 327 280, 379 58, 490 291, 993 203, 909 391, 328 94, 969 334, 335 283, 231 276, 706 330, 694 353, 228 1937 January ._ February March April May June _ 45, 474 73, 776 264, 543 76, 076 AGRICULTURAL, LOANS OUTSTANDING (end of month) NEW INCORPORAPerma- Tem- Govt. FedCor- Total Joint nent porary and Mu- poraeral out- TIONS « stock loans loans pronici- tion* stdg., farm and (long (short pal bonds end of loan term) term) vincial banks 6 banks ° mo. Mil. of dolls. Thousands of dollars 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly 1918 monthly 1919 monthly TAXEX. SECURITIES * $34, 040 $40, 268 37,200 24,332 41, 049 12, 894 41, 450 24, 367 37, 078 32,704 21,902 39, 428 63, 528 37,508 $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 64, 742 115, 281 106, 629 94, 597 120, 557 117, 059 113, 352 9,749 13, 395 27, 125 25, 107 25, 748 22, 189 14, 897 4,466 7,052 7,290 7,227 7,270 3,849 5,242 3,846 5,121 6,729 10, 880 15, 284 12, 996 22, 146 121, 428 76, 118 155, 100 2,496 84,775 93, 465 150 3,385 71, 523 39, 827 2,275 4,909 166, 273 141, 732 21,000 1,665 7,550 8,328 14, 425 10, 236 55, 341 63,503 32, 965 42, 846 81, 590 72, 172 51, 757 75, 050 79, 824 5,200 12, 615 8,725 146, 457 23, 866 105, 000 1,861 2,310 118, 982 122, 301 5,000 1,888 16,540 117, 553 72, 748 None. 5,735 50, 575 Fed- War eral Fiin ter- nance med, Corporacredit banks7 tion s Thousands of dollars $5,554 $172, 301 120, 306 164, 915 276, 925 373, 198 183, 275 9,506 1, 056, 519 13, 652 14, 036 16, 268 16, 870 1, 249, 920 663,260 700, 013 780, 896 596, 227 823, 434 912, 278 $110, 498 237, 478 $34, 257 338, 234 76, 951 373, 381 79, 124 $174, 051 546, 519 143, 410 732, 365 9131,837 103, 646 879, 929 421, 394 $50, 883 60, 438 973, 934 502, 133 64, 333 28, 191 11,116 64,318 73, 097 77, 300 80, 052 24, 688 22, 275 19, 843 15, 565 17, 472 1, 040, 096 1, Oil, 088 555, 756 79, 935 17, 612 2, 675, 185 1, 019, 486 567, 544 81, 574 748, 505 1, 027, 361 579, 458 83, 991 17, 719 17, 816 1, Oil, 931 1, 033, 045 587, 169 81, 574 14, 637 13, 861 13, 089 12, 564 1, 038, 385 1, 043, 955 1, 048, 275 1, 053, 336 572, 751 989, 960 519, 237 17, 144 17, 221 585, 422 995, 207 526, 042 999,415 534, 134 17, 266 1, 241, 594 17, 392 1, 020, 548 1, 005, 685 545, 559 35, 533 58, 335 51, 831 38, 055 25, 000 21, 943 5,250 None. 6,643 2,100 3,342 34, 005 4,950 48, 005 1,051 11, 949 17, 934 18, 060 18, 117 18, 172 867, 366 757, 355 454, 865 505, 770 594, 028 78,554 600, 150 76, 450 605, 718 71, 139 610, 794 78, 083 11, 870 11, 188 10, 803 10, 504 135, 093 54, 613 105, 210 42, 075 71, 826 11, 882 143, 691 30,024 None. 6,000 2,540 2,827 3,771 51, 713 3,374 33, 960 415 12, 967 4,712 5,460 18, 282 18, 368 18, 422 580, 387 1, 057, 217 614, 639 78, 490 901, 303 1, 063, 056 619, 217 84, 665 552, 787 1, 068, 596 624, 230 87, 977 851 660 9,629 9,154 8,421 7,671 141, 006 145, 616 90, 884 68, 853 __ i Compiled by the Commercial and Financial Chronicle, except for data previous to 1920, which are from the New York Journal of Commerce. The columns " New capital" and" Refunding" include all types of financing to be used for the purpose designated. Distribution of bond issues by classes, from 1920 through September, 1924, appeared in June, 1923, issue (No. 22), page 42, and in November, 1924, issue (No. 39), page 137. Further details are given in the Commercial and Financial Chronicle. 3 Sales of new securities by States and municipalities compiled by The Bond Buyer. The short-term loans are of a temporary character, usually replaced later by permanent3 loans. Issues of Canadian bonds from The Financial Post, Canada. 4 Estimated gross amount of wholly tax-exempt securities outstanding compiled by U. S. Treasury Department. The yearly figures represent data as of Dec. 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. * 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. 22), page 47. 7 The Federal intermediate credit banks under the supervision of the Federal Farm Loan Board are located in the same cities as the 12 Federal land banks, as follows: Springfield, Mass.; Baltimore, Md.; Columbia, S. C.; Louisville, Ky.; New Orleans, La.; St. Louis, Mo.; St. Paul, Minn.; Omaha, Nebr.; Wichita, Kans.; Houston, Tex.; Berkeley, Calif.; and Spokane, Wash. These banks lend money on staple agricultural products and make rediscounts for agricultural credit corporations andlivestock loan8 companies. Data from the War Finance Corporation comprise advances for "agricultural and livestock purposes" under the agricultural credits acts on Aug. 24,1621, to banks, livestock associations, and cooperative marketing associations. Figures on advancements and repayments from 1922 to September, 1924, appeared in November, 1924, issue (No. 39), page 189; since that date new advances have practically ceased. 0 six months' average, March, June, September, October, November, and December. 128 Table 104.—NEW SECURITY ISSUES BY CLASSES CORPORATE ISSUES LONG-TERM REAL ESTATE BONDS Purpose of issue Foreign government YEAR AND MONTH Total corporate Rail- Public In du sroads utilities .trials Oils ShipLand, ping Grand To build- and Real ing, etc. miscel- total finance estate conlaneous struc- morttion gages Kind of structure Acquisitions and improvements InterOffice est and other Hotels Apart- rates comments mercial Per ct. Thousands of dollars 1919 mo. 1920 mo. 1921 mo. 1922 mo. av av av av $36, 640 24, 250 31, 606 35, 942 $228, 304 247, 192 199, 242 256, 107 1923 mo. 1924 mo. 1925 mo. 1926 mo. av av av av 20, 237 69, 000 53, 782 42, 844 269, 403 319, 881 394, 843 441, 630 1924 May June July August 9,250 15, 700 10, 000 48, 065 September October. November December 42, 000 214, 000 _. _ 102, 000 91, 000 $17, 343 $38, 523 31, 490 41, 402 54, 607 55, 924 54, 294 80, 007 $73, 455 $54, 310 88, 595 38, 222 43, 881 27, 671 52, 818 25, 192 $5, 565 $25, 908 7,700 30, 970 4,542 13, 450 14, 875 28, 920 $13, 338 6.91 $8, 452 $1,066 $2, 209 $6, 171 $2, 676 $2,404 3,696 1,057 7,233 6,861 9,723 12, 214 21, 892 21, 806 4,354 4,964 9,761 8,637 3,499 5,567 8,155 7,261 6.58 6.50 6.29 6.18 3,800 2,300 1,168 3,425 3,665 4,560 11, 730 4,100 6.48 6.62 6.52 6.45 94, 866 127, 470 143, 753 164, 538 68, 248 51, 512 76, 887 88, 938 18, 822 15, 627 23, 545 41, 643 21, 013 27, 958 62, 722 61, 347 23, 268 18, 956 39, 623 46, 348 19, 940 26, 604 57, 963 53, 701 13, 014 19, 001 33, 322 29, 480 2,157 4,328 12, 613 10, 643 495, 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 22, 933 24, 160 10, 319 None. 18, 145 21, 844 27, 692 16, 375 28, 868 19, 068 10, 555 20, 632 18, 439 32, 305 24, 342 15, 945 26, 658 18, 568 19, 112 11, 455 24, 233 15, 258 5,005 4,165 1,615 2,935 175 375 13, 787 8, 515 11,880 10, 110 312, 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 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 8,000 62,500 28,000 8,000 508, 598 503, 553 352,606 482,575 22, 992 237, 725 112, 045 205, 324 38, 833 171, 557 87, 614 82,400 85, 773 63,899 51, 962 195, 904 76, 400 18, 435 6,900 32, 731 53, 893 39, 283 60, 972 60, 561 31, 815 33, 817 22, 382 21, 365 48, 373 ^ 31, 258 53, 387 51, 861 23, 338 18, 178 39, 355 35, 113 8,998 9,210 7,350 10, 708 14, 680 530 5,400 950 21, 693 7,220 25, 138 28, 685 10, 275 6,320 8,115 3,763 11, 268 4,058 7,602 7,888 6.40 6.48 6.27 6.28 May June July August 5,943 140, 188 144, 500 8,700 295,872 379, 269 398,059 240,987 48, 497 36, 527 65, 000 19, 245 122, 935 141, 419 107, 853 111, 539 49,794 23, 610 92, 445 39, 178 12, 288 16, 359 40, 722 14, 547 40, 453 116, 262 63, 269 36, 994 21, 906 45, 093 26, 769 18, 684 39, 853 108, 195 60, 099 36, 428 30, 855 59, 244 37,004 21, 180 4,553 27, 091 9,420 11, 515 1,550 10, 405 8,145 650 23, 462 37, 745 13, 756 10, 175 2,000 23, 365 16, 655 5,705 9,801 7,855 6,630 6,970 6.29 6.25 6.26 6.39 September. October November December 61, 800 39, 650 138, 100 None. 310,688 371,305 376,240 518, 359 13, 684 28, 952 6,320 35, 000 131, 081 109, 590 121, 446 182, 164 43, 062 99, 918 82, 759 94, 335 20, 400 2,500 20, 757 20, 500 54, 960 96, 629 67, 297 62, 086 47,500 29,714 67, 426 109, 010 51, 808 90, 839 65, 647 57, 808 16, 350 39, 880 45, 240 34, 130 13, 330 31, 753 9,620 7,803 13, 068 11,640 10, 375 9,405 11, 270 37, 515 27, 090 18, 953 8,755 8,393 12, 795 10, 995 7,025 5,130 10, 165 13, 470 6.16 6.25 6.14 6.31 1926 January ._ February March. _ _ April 24, 972 3,800 21, 500 83, 100 614, 549 414,188 480, 400 442,586 46, 670 23, Oil 31, 930 61, 924 206, 246 149, 658 137, 426 216, 932 151, 052 162, 237 95, 366 51, 100 43, 857 6,930 104, 750 9,450 58, 331 42, 313 55, 505 53, 533 81, 229 30, 040 48, 923 48, 498 53, 927 41, 153 50, 370 42, 398 38, 767 32, 858 24, 950 20, 603 8,663 250 9,640 13, 110 4,522 2,750 5,230 5,085 27, 342 29, 550 16, 525 11, 378 9,490 1, 650 8,925 6, 235 11,318 3,258 6,075 6,440 6.24 6.26 6.24 6.23 May June July August 42, 000 27, 600 12, 520 34, 000 453, 868 472, 402 474, 383 243, 450 17, 925 274, 824 40, 376 215, 876 40, 775 211, 829 15, 085 69, 434 51, 178 76, 744 91, 801 66, 035 3,500 2,050 6,500 10, 500 50, 481 94, 744 82, 893 52, 628 55, 710 42, 362 40, 585 29, 618 49,754 82, 985 69, 408 48, 220 18, 239 40, 945 43, 660 18, 845 12, 615 7, 425 18, 125 18, 760 15, 480 13, 180 3,138 8,000 29, 191 34, 295 22, 640 8,915 4,833 16, 505 29, 345 8,960 7,875 7,035 8,850 7,070 6.22 6.15 6.23 6.15 74,900 118, 000 24, 240 47, 492 328, 705 350, 482 595, 237 429, 304 61, 706 12, 190 27, 821 43, 170 45, 930 147,311 162, 328 136, 656 114, 938 55, 117 73, 058 78, 624 None. 31, 212 230, 968 50, 000 48, 537 80, 142 51, 068 65, 993 57, 595 17, 260 49, 494 54, 861 42, 606 67, 545 40, 330 55, 715 27, 700 24, 015 30, 375 32, 805 7,021 19, 160 4,845 8,100 2,385 14, 300 4,110 4,150 21, 350 14, 105 23, 910 22, 475 1,630 5,175 6,235 4,660 4,270 11, 320 5,945 7,670 6.10 6.08 6.14 6.16 1935 January February _ _ _ March _ April September October November December 1927 January February, March April 43, 187 78, 358 42, 892 35, 215 _ __ May June 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. 129 Table 105.—BUSINESS PROFITS AND LOSSES DIVIDEND AND INTEREST PAYMENTS BUSINESS FAILURES •! 1913 monthly av 1914 monthly av 1915 monthly av 1916 monthly av 1917 monthly av 1918 monthly av 1919 monthly av 1920 monthly av 1921 monthly av 1922 monthly av 1923 monthly av 1924 monthly av 1925 monthly av 1926 monthly av Thous. Thous. of dolls. No. of dolls. No. Liabilities Canadian 2 JB Dividend payments Total dividend Indusand intrial Steam Street terest and Total rail- railpay- 3 miscel- roads ways ments laneous £ Thous. Thous. Thous. of No. of dolls. No. of dolls. No. dolls. 353 385 426 349 308 230 155 $9, 583 13, 805 12, 436 7,616 5,843 4,825 3,139 929 1,071 1,336 994 786 541 334 $2, 869 4,704 3,335 2,655 2,732 2,644 2,002 54 67 84 73 61 60 48 «$7,887 14, 001 9,306 1,598 4,614 1,284 4,131 12, 675 30 43, 254 " 102 19, 434 69 144 50, 934 50, 731 153 41, 175 116 53, 019 152 24, 593 740 52, 361 1,638 51, 989 1,973 44, 885 1,560 45, 269 1,718 _ _ 36, 979 1,768 34, 104 1,814 10, 666 19, 488 17, 910 23, 379 23, 847 13, 974 13, 170 220 375 473 414 434 424 450 7,380 21, 232 22, 615 17, 495 16, 933 17, 948 16, 779 461 1,166 1,410 1,089 1,197 1,263 1,272 6,547 11,641 11, 465 4,012 4,439 5,058 4,155 59 96 89 57 85 80 93 1925 January February March April 54, 354 40, 123 34, 005 37, 189 2,317 1,793 1,859 1,939 11, 909 15, 334 13, 375 13, 097 480 409 429 430 24, 655 21, 067 17, 595 21, 536 1,757 1,285 1,345 1,427 17, 790 3,722 3,035 2,556 80 99 85 82 May 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, 339 400 431 418 365 15, 820 17, 213 15, 961 13, 460 1,286 1,229 1,184 1,069 3,023 3,329 7,612 1,360 81 85 83 79 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, 931 388 408 442 490 14, 990 13, 530 18, 907 20, 635 1,015 1,111 1,146 1,307 7,530 4,750 3,022 2,962 62 62 84 81 1936 January February March April 43, 661 34, 176 30, 623 38, 487 2,296 1,801 1,984 1,957 16, 094 10, 822 9,862 16, 734 510 447 469 494 21, 512 20, 317 18, 623 19, 094 1,696 1,282 1,424 1,378 6, 056 3,037 2,138 2,660 90 72 91 85 May June July August 33, 543 29, 408 29, 680 28, 130 1,730 1,708 1,605 1,593 16, 157 10, 092 11, 167 12, 516 437 435 396 449 15, 710 15, 525 14, 614 14, 096 1,216 1,160 1,122 1,071 1,676 3,791 3,898 1,519 77 113 87 73 September October November December 29, 990 33, 231 32, 694 45, 620 1,437 1,763 1,830 2,069 10, 093 11, 650 16, 097 16, 758 374 450 440 494 11, 243 15, 874 14, 158 20, 579 958 1,205 1,285 1,469 8,654 5,707 2,439 8,282 105 108 105 106 1927 January February March April Firms & Banks (quarterly) Liabilities I Firms 1,336 $10, 366 1, 523 11,312 9,335 1,846 6,083 1,415 1,154 6,628 6,121 832 4,301 538 03 Liabilities $22, 818 29, 821 25, 106 16, 354 15, 203 13, 590 9,442 Trade estab- Agents and brokers lishments Liabilities No. Firms Thous. of dolls. Liabilities Firms YEAR AND MONTH Manufacturing establish, ments Liabilities Total commercial «30 $1, 388 54 2,562 33 2,698 12 1,312 12 1,138 6 1,035 12 843 43, 926 144 42, 859 111 11, 613 46 66, 301 163 25, 894 94 30,309 115 73, 651 169 82, 221 230 StOCkS: (<ltly.)* Dolls.! per : share • Thousands of dollars 152 $148, 103 $69, 838 $38, 527 241 148, 948 68, 481 36, 530 219 155, 426 66, 019 36, 374 148 177, 919 77, 176 44, 986 93 199, 095 89, 856 56,542 68 227, 061 85, 184 53,788 52 265, 764 79, 745 48,264 Av. pay- ; ments on industrial , $24, 733 24, 549 23, 613 26, 095 26, 038 24, 135 23,705 $4,906 5,368 5,149 6,020 6,493 6,318 5,977 1,845 4,221 4,771 4, 285' 3,378 2, 990 2,369 82 199 271 243 192 176 176 284, 573 278, 484 283, 310 298, 768 320, 049 340, 492 361, 326 80,248 76, 965 77, 554 80, 271 84, 391 89, 246 93, 366 50, 140 45,200 43, 723 45, 120 47, 181 49, 671 51,641 23, 832 23, 668 23, 508 24, 093 25, 100 26, 251 27, 528 6,074 5,970 5,902 6,313 7,008 7,778 8,496 4,923 2,659 3,392 2,054 285 189 199 145 458, 625 158, 125 202, 200 80, 400 333, 380 87, 980 405, 250 95, 000 64, 600 44, 150 51, 900 60,500 27, 150 29, 100 31,200 25, 025 16, 800 7,150 4,800 9,475 6,116 2,204 2,627 967 176 151 155 111 328, 225 59, 725 323, 400 68, 900 438, 785 115,385 215, 800 83,900 29, 600 40, 950 59, 075 46, 500 24, 075 23, 450 30, 510 32, 275 6,050 4,500 10, 900 5,125 1,895 3,533 2,352 3,156 141 183 167 212 320, 170 68, 920 427, 225 102, 925 300, 500 73, 700 323, 348 75, 995 45, 300 66, 375 32, 500 54,600 17, 250 25, 900 33, 900 15, 180 5,375 10, 650 7,300 5,215 2,677 2,653 3,653 3,202 249 188 172 153 511, 725 166, 775 218, 715 83,215 332, 222 90, 972 426, 075 99, 575 68, 200 45, 575 53, 325 63, 075 28, 775 30, 215 32, 575 26, 175 18, 100 7,425 5,070 10, 325 1,770 72 3,328 1,494 158 150 171 141 338, 650 62, 950 341, 350 71, 250 491, 915 121, 415 234, 635 87, 135 31, 300 41, 550 62, 215 47, 950 24,900 24, 575 31, 900 33,500 6,750 5,125 11, 600 5,685 1,298 2,486 2,691 3,108 142 188 188 208 321, 542 72,800 447, 500 106, 650 330, 900 78, 600 340, 681 79, 050 47, 050 68, 300 34, 700 56, 450 18, 500 27, 050 35, 750 16, 425 6,260 11, 300 8,150 6,175 579, 850 178, 900 73,000 30, 900 19,200 $5. 23 6.36 3.45 6.09 6.68 6.19 6.85 1 i f : : : ; 6.59 i 4.94 r 4.40 i 5.46 5.55 7.09 7.68 6.52 6.55 6.95 8.32 7.15 7.65 7.62 7.90 May June 1 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 froni 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. : Canadian business failures from Bradstreet's. 3 Data compiled by New York Journal of Commerce. "Total dividends" include bank dividends not separately shown for those months where such payments are re-, ported. The total interest payments may be obtained by subtracting total dividends from total interest and dividend payments. Monthly data for total dividend and interest payments covering the period 1913 to 1921 appeared in the September, 1922, issue (No. 13) of the SURVEY, p. 51 (figure for July, 1917, should be $333,011 instead of $633,011); and for dividends, classified, covering the same period, in the October, 1922, issue (No. 14), p. 46. 4 Average dollar dividends paid 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. 29. 5 Yearly data are quarterly averages. 26446°—27 9 130 Table 106.—CORPORATION PROFITS AND STOCKHOLDERS NET PROFITS i OQ O 1 Miscellaneous 1 Machinery 6D Metals and mining •a a U. S. Steel Corp. (common stock) Pennsylvania R. R. Co. Industrial Motors and accessories II Telephone YEAR AND QUABTEB Railroads Railroad and telephone § "3 STOCKHOLDERS* Domestic Foreign Domestic Foreign Per ct. of total Number Millions of dollars Shares held by brokers i American Tefeph* & Telego Co. Domestic Foreign Number 1913 quarterly av.._ 1914 quarterly av 1915 quarterly av 1916 quarterly av 1917 quarterly av 19i8 quarterly av 1919 quarterly av 72, 714 78, 682 81, 603 85, 343 93, 331 102, 798 111,316 11, 258 11,839 11,816 6,884 2, 235 1,773 1,727 41, 436 47, 777 3 42, 020 39, 365 44, 531 64, 314 73, 510 1,529 1,697 3 1, 980 939 1,191 1,484 1,475 51.48 46.73 45. 87 55.08 51.88 43. 22 40.65 53, 205 56, 932 62, 279 67, 504 78, 597 96, 035 115,482 1,041 1,175 1,270 1,187 999 1,143 1,239 1920 1921 1922 1923 1924 1925 1926 126, 424 138, 450 136, 181 138, 846 142, 718 144, 380 140, 954 1,500 1,743 2,869 2,847 2,925 2,968 2,911 88, 085 104, 621 97, 580 94, 489 96, 081 91, 043 87, 467 1,300 1,341 1,380 1,431 1,557 1,511 1,587 30.35 22.45 24. 36 22.76 22.97 26.31 28.01 131, 643 163, 703 217, 599 265, 638 322, 693 353, 217 377, 563 1,267 2,013 2,298 2,644 3,086 3,796 4,753 1930 March June September December 121, 326 124, 943 127, 768 131, 659 1,595 1,525 1,472 1,409 82, 246 85, 909 89, 665 94, 520 1,337 1,320 1,287 1,256 33.46 32.09 30.69 25.17 122, 999 131, 558 134, 112 137, 901 1,173 1,173 1,174 1,547 1931 March June September December 137, 007 139, 702 138,243 138, 847 1, 386 1,373 1,362 2,852 103, 093 103, 976 105, 355 106, 061 1,283 1,334 1,368 1,379 24.27 22.61 21.49 21.44 144, 716 153, 649 172, 770 183, 676 1,774 1,953 2,146 2,180 1933 March June - September December 138, 895 136, 940 134, 279 134, 609 2,915 2,888 2,851 2,820 105, 261 97, 989 94, 789 92, 281 1,399 1,370 1,384 1,365 22.02 24.09 25.05 26.28 195, 608 201, 303 228, 592 246, 494 2,217 2,233 2,309 2,431 quarterly av. _ _ quarterly av quarterly av quarterly av_ _ _ $400 quarterly av_ __ 388 quarterly av_ __ 480 quterarly av 1933 March June September _ _ December 1934 March June September 1935 March June September December 1936 March June September December $246 246 283 $34 38 47 $120 104 150 $35 27 56 $41 29 34 $15 17 21 $12 13 14 $6 5 8 $4 4 5 $8 10 13 339 453 422 386 185 262 276 261 36 36 30 35 118 155 116 90 39 50 29 20 27 46 43 46 17 21 14 6 12 13 13 9 7 8 7 3 4 5 4 3 12 12 6 3 136, 247 137, 156 138, 581 141, 348 2,814 2,843 2,852 2,880 92, 711 91, 593 95, 462 98, 189 1,355 1,351 1,481 1,536 26.24 23.34 20.83 20.62 255, 421 260, 446 269, 762 269, 923 2,524 2,603 2,719 2,729 374 328 412 439 203 189 286 307 35 37 37 43 136 102 89 89 37 23 22 25 45 30 18 22 24 18 16 8 12 13 15 12 6 5 4 6 4 4 4 4 8 9 10 12 142, 339 142, 965 143, 307 142, 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 _ 377 . . . 446 563 533 205 234 359 334 44 46 45 51 128 166 159 148 41 66 63 54 33 34 33 35 18 25 22 18 12 15 16 13 9 7 7 9 5 5 5 5 10 14 13 14 143, 224 146, 988 145, 583 141, 725 2,939 2,966 2,981 2,986 92, 552 91, 910 90, 651 89, 057 1,490 , 525 ,526 ,504 26.81 25.45 25.39 27.60 345, 451 354, 279 355, 895 357, 242 3,740 3,994 4,102 4,347 439 527 656 224 271 393 51 52 51 164 204 212 58 82 76 41 43 46 19 30 37 17 20 21 10 9 10 6 5 5 13 15 17 141, 097 141, 365 140, 153 141, 202 2,931 2,909 2,892 2,913 89, 102 92, 031 84,287 84, 447 ,575 ,618 ,572 ,582 29.92 24.10 29.01 28.99 362, 093 368, 410 385, 907 393, 843 4,432 4,557 4,937 5,084 1937 March June 1 Compiled by the Federal Reserve Bank of New York from quarterly reports of net profits of 355 companies, consisting of 185 Class I railroads, 71 telephone, 18 motor 'and 8accessories, 14 oil, 12 steel, 13 food, 10 metal and mining, 10 machine manufacturing, and 22 miscellaneous companies. These data showing the growth of stockholders in three prominent companies—a railroad, a public utility, and an industrial—have been furnished direct by the respective companies and represent the number of holders of common stock at the end of each quarter, i. e., December figures are for December 31 or January 1. 8 December 31 figures; other quarters of 1915 not available. 131 Table 107.—FOREIGN EXCHANGE AND CANADIAN TRADE EUROPE YEAR AND MONTH England France Italy Belgium ASIA Nether- Sweden Switzerland lands Japan CANADIAN FOREIGN TRADE 2 THE AMERICAS India 3 Canada Argentina Brazil Chile Rate per Rate per Rate per Rate per ilate per Rate per Rate per Rate per Rate per Rate per elate per Elate per Rate per paper pound gold guilder krone yen dollar franc lire franc rupee milreis sterling franc peso peso f Par value (or 1913 mo. av.) 1914 monthly av 1915 monthly av__ _ 1916 monthly a v _ _ _ 1917 monthly av 1918 monthly av__ 1919 monthly av.__ $4.87 4.93 4.78 4.76 4.76 4.76 4.43 $0. 193 .199 .182 .170 .174 .178 .137 $0. 193 .195 .169 .155 .137 .134 .114 $0. 193 .128 .394 3.66 3.85 4.43 4.57 4.42 4.83 4.86 .070 .075 .082 .061 .052 .048 .032 .050 .043 .048 .046 .044 .040 .039 .074 .074 .077 .052 .046 .048 .033 1934 September October November December . __ 4.46 4.49 4.61 4.70 .053 .052 .053 .054 .044 .044 .043 .043 1925 January February ___ March April 4.78 4.77 4.78 4.80 .054 .053 .052 .052 May June July August 4.85 4.86 4.86 4.86 September October November. _ __ _ December .226 .225 .131 .129 .102 .109 .122 .144 .185 .121 .122 .122 .105 .116 .121 88, 711 103, 347 62, 317 66, 882 74, 428 66, 412 77, 278 107, 222 100, 869 62, 827 78, 858 88, 230 90,113 110, 711 .800 .836 .855 .883 .101 .112 .155 .115 .104 .111 .113 .113 63, 901 68, 184 66, 229 60, 946 82, 456 104, 316 119, 876 125, 462 .997 .999 .999 .999 .911 .903 .897 .869 .117 .113 .110 .106 .114 .108 .111 .112 58, 376 61, 430 84, 638 59, 105 75, 999 71, 164 95,888 60,709 .362 .365 .366 .366 1.000 1.000 1.000 1.000 .902 .913 .918 .917 .103 .109 .114 .121 .114 .113 .117 .119 75, 895 75, 518 81, 492 82,074 97, 475 94, 319 103, 280 112, 414 .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 78, 663 80, 800 75, 286 76, 918 109, 574 144, 520 141, 359 176, 399 .193 .193 .193 .193 .442 .454 .454 .466 .367 .368 .366 .362 .998 .997 .996 1.000 .941 .933 .903 .908 .148 .148 .145 .140 .120 .121 .121 .121 69, 736 70, 909 100, 934 67, 801 85, 716 88,809 113, 966 60, 915 .268 .268 .268 .268 .194 .194 .194 .193 .470 .469 .471 .478 .363 .363 .363 .364 1.001 1.001 1.001 1.001 .913 .917 .921 .920 .147 .155 .156 .154 .120 .120 .121 .121 86, 052 91, 513 88, 605 89,670 93,095 119, 399 111, 595 91, 663 .268 .267 .267 .267 .193 .193 .193 .193 .484 .487 .491 .489 .363 .362 .360 .361 1.001 1.001 1.001 .999 .922 .928 .924 .933 .152 .140 .130 .119 .121 .121 .121 .120 85, 563 88, 127 87, 657 81, 775 93, 327 131, 489 154, 009 139, 808 $0. 324 4 $0.195 .403 .956 .941 .964 .997 .999 .990 .234 .236 .249 .253 .267 .504 .482 .478 .486 .412 .410 .471 .389 .262 .287 .311 .318 .363 .363 .893 .896 .985 .980 .987 1.000 1.000 .907 .730 .818 .786 .781 .914 .921 .189 .192 .193 .194 .406 .388 .385 .384 .325 .337 .344 .353 .999 1.000 1.000 .997 .270 .269 .270 .269 .193 .193 .193 .193 .385 .391 .410 .418 .357 .357 .357 .356 .402 .401 .401 .402 .268 .268 .269 .269 .194 .194 .194 .194 .419 .408 .411 .410 .044 .045 .045 .045 .402 .402 .402 .402 .268 .268 .268 .268 .193 .193 .193 .193 .040 .040 .040 .040 .045 .045 .042 .037 .402 .401 .401 .402 .268 .268 .268 .268 .032 .029 .025 .028 .039 .037 .034 .033 .031 .030 .024 .028 .402 .402 .402 .401 .029 .029 .034 .040 .037 .041 .042 .044 .027 .028 M39 .139 .401 .400 .400 .400 $0. 487 .255 $0. 499 .491 .495 .507 .513 .533 .512 .344 .336 .385 .391 .382 .402 .401 .205 .225 .262 .266 .265 .268 .268 .169 .174 .191 .181 .182 .193 .193 .049 .048 .048 .050 .385 .391 .401 .404 .266 .266 .268 .270 .042 .041 .041 .041 .051 .051 .051 .051 .404 .402 .399 .400 .052 .048 .047 .047 .041 .038 .037 .037 .050 .047 .046 .045 4.85 4.84 4.85 4.85 .047 .044 .040 .037 .041 .040 .040 .040 1926 January February March April 4.86 4.86 4.86 4.86 .038 .037 .036 .034 May June July August 4.86 4.87 4.86 4.86 September October November December 4.85 4.85 4.85 4.85 monthly av. _ . monthly av___ monthly av_ . _ monthly av _ _ _ monthly av__. monthly av. _ . monthly av _ _ . Thousands of dollars $31, 422 37, 953 39, 287 64, 858 98, 268 132, 181 105, 730 $0. 965 $0. 268 $0. 193 .194 .187 .191 .211 .229 .190 1920 1921 1922 1923 1924 1925 1926 Exports $55, 934 51,600 37, 996 42, 350 70, 538 80, 294 76, 643 $1. 000 $0. 402 Imports 1937 January February. __ March April May June .. 1 Daily averages of noon rates for cable transfers reported to the Treasury daily by the New Pbrfe Federal Reserve Bank. Average figures for the years 1914 to 1918, inclusive, where given, are weekly averages of commercial quotations from the Annalist. Monthly figures on all items back to 1920 may be found in the Mav. 1922. issue (No. 9), p. 135. 2 Foreign trade statistics from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures represent monthly averages for the Canadian fiscal year3 ending March 31 of the year indicated. Parity established October, 1920. Prior to that, par value of the rupee was 32.44 cents. < Average value of the paper peso in 1913. Beginning with January, 1926, the par value of the peso was established at 12.17 cents. * Bate for the "belga," the new unit equivalent to 5 paper francs, with a par value of 13.9 cents. 132 Table 108.—IMPORTS BY GRAND DIVISIONS FROM NORTH AMERICA FROM EUROPE YEAR AND MONTH Total France Germany Italy United Kingdom Total Canada FROM SOUTH AMERICA Total Argentina FROM ASIA AND OCEANIA FROM AFRICA GRAND TOTAL Total Japan Total Thousands of dollars average. . average. . average. . average. average. . average. . average. . $72, 056 65, 293 45, 529 52, 776 45, 929 26, 510 62, 544 $11, 578 8,685 6,493 9, 074 8,220 4,959 10, 318 $15, 351 12, 449 3,746 485 13 26 884 $4, 610 4,601 4,297 5,020 3,040 2,028 4,922 $22, 663 23,949 21, 525 25, 457 23, 340 12, 385 25, 766 $32, 485 36, 783 42, 455 54, 870 72, 665 81, 218 6,481 $11, 844 13, 669 14, 800 19, 771 34, 473 37, 641 41, 225 $16, 522 19, 127 26, 857 35, 634 49, 902 50, 911 57, 294 $2, 131 4,690 7,890 9,691 14, 855 19, 032 16, 597 $26, 344 26, 265 30, 489 50, 865 71, 455 86, 837 99,696 $8, 245 8,808 9,026 15, 174 21, 139 25, 162 34, 154 $1, 978 1,638 2,887 5,158 6,089 7,126 9,349 $149, 383 149, 106 148, 216 199, 303 246, 039 252, 601 325, 364 1920 monthly average. . 1921 monthly average. . 1922 monthly average. . 1923 monthly average. . 1924 monthly average. . 1925 monthly average. . 1926 monthly average 102, 320 63, 745 82, 600 96, 421 91, 341 103, 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 5,191 5,328 7,689 6,251 8,517 42, 821 19, 900 29, 739 33, 673 30, 539 34, 360 138, 555 62, 904 68, 538 83, 460 82, 930 81, 787 50, 989 27, 953 30, 337 34, 667 33, 262 37, 897 63, 417 24, 635 29, 897 38, 952 38, 840 43, 249 17, 315 4,994 7,140 9,606 6,275 6,681 123, 058 54,447 72, 955 89, 918 81, 638 111, 465 34, 548 20, 939 29,525 28, 912 28, 338 32,009 12, 524 3,365 5/410 7,255 6,083 7,679 439, 873 209, 096 259, 396 316, 006 300, 247 352, 333 98, 849 106, 477 97, 911 110, 654 12, 620 14, 123 13, 729 14, 437 13, 157 13, 701 11, 909 12, 794 5,766 9,019 7,989 9,073 32, 700 36, 530 35, 675 39, 338 73, 953 75, 124 71, 177 69, 217 31, 297 33, 729 35, 059 36, 570 30,632 42, 103 41, 925 44,127 5,442 4,700 4,582 6,294 80, 667 82, 920 80, 979 97, 365 35, 601 29, 308 28, 364 39, 626 3,043 4,128 4,156 11, 829 287,144 310, 752 296, 148 333, 192 1925 January February March _ April 102, 809 100, 916 112, 025 97, 931 13, 924 14, 878 14, 150 11,816 11, 402 12, 068 13, 074 11, 503 8,463 8,262 9,504 9,999 35, 178 33, 894 40, 159 31, 288 77, 531 83, 214 91, 290 93, 352 32, 963 33, 620 34, 419 33, 119 42,«254 43, 981 58, 451 46, 440 6,523 10, 212 8,584 11, 363 112, 920 92, 232 113, 368 98, 264 33, 286 23,159 28, 294 21, 570 10, 651 13, 044 10, 245 10, 105 346, 165 333, 387 385, 379 346, 091 May June July August... 92, 210 88, 759 93, 071 100, 529 10, 406 10, 053 9,852 14, 295 9,522 11, 247 13, 809 13, 770 8,514 9,206 7,036 6,046 31, 676 26, 674 33, 196 32, 286 89, 122 85, 228 76, 103 71, 913 37, 560 37, 321 38, 824 36, 550 32, 848 37, 022 41, 487 41, 962 3,823 5,799 5,249 5,152 108, 585 107, 514 111, 724 119, 114 22, 570 24, 215 31, 866 35, 729 4,753 6,694 3,263 6,567 327, 519 325, 216 325, 648 340, 086 100, 605 115,692 118, 005 115, 642 12, 843 15, 469 14, 491 15, 257 15, 067 15, 703 15, 701 21, 287 6,722 9, 678 9,323 9,452 31, 536 37, 733 42, 348 36, 746 76, 160 81, 950 75, 847 79, 338 37, 356 47, 121 43, 217 42, 676 44, 241 38, 985 43, 319 47, 929 5,603 4,003 6,714 7,146 123, 410 133, 941 131, 472 145, 047 47, 970 39, 079 37, 243 39, 177 5,538 3,506 7,788 9,989 349, 954 374, 074 376, 431 397, 945 111, 210 105, 318 117, 119 104, 808 12, 826 12, 080 14, 456 11, 648 16, 006 16, 548 18, 383 17, 101 8,555 6,774 8,957 7,639 34, 620 37, 282 37, 126 33, 271 73, 559 87, 047 97, 536 90, 929 35, 576 37, 646 40, 382 38, 434 53, 518 51, 955 63, 613 51, 247 7,678 9,412 12, 677 8,027 162, 083 132, 612 153, 235 139, 864 40, 407 33, 177 22, 901 32, 309 16, 397 11, 571 11, 595 11,115 416, 766 388, 503 443, 098 397, 964 89,461 104, 597 95, 238 105, 993 8,771 10, 074 10, 193 12, 069 14, 413 15, 100 15, 416 18, 311 7,420 7,924 6,735 7,084 24, 401 31, 591 27, 344 27, 346 79, 048 88, 134 ' 78, 894 79, 798 35, 144 41, 607 39, 880 38, 902 37, 542 40, 390 41, 056 44, 858 6,933 7,365 5,092 4,835 110, 238 96, 527 117, 324 101, 089 24, 810 21, 137 35, 532 37, 387 4,740 7,332 6,721 4,867 321, 029 336, 980 339, 233 336, 605 108, 930 118, 907 114, 759 14, 444 17, 343 15,004 17, 299 17, 750 16, 075 8,451 10, 286 12, 155 29, 791 33, 637 34,504 77, 967 92, 800 88, 564 40, 432 45, 787 44, 607 42, 139 50, 381 44, 587 5,722 7,765 7,237 110, 322 112, 720 119, 241 37, 839 39, 912 37, 008 4,120 3,542 6,890 343, 479 378, 350 374, 042 2361,000 1913 1914 1915 1916 1917 1918 1919 monthly monthly monthly monthly monthly monthly monthly 1934 September October November December September October November December _ _ _ _ _ _ 1936 January February March April May June July August September October November December ' __ 1937 January February March May 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 C9untry 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 • the •* United "Lited States." (Tariff act of 1913.), Beginning June,1 1921, the import values are either the actual foreign market in condition, packed ready for shipment• to „ _ . „ _ _ . . „ with . value, as denned above, or "the export value, including any export tax imposed by the country of exportation, whichever is higher. (Emergency tariff act of May 27,1921.) 2 Preliminary. 133 Table 109.—EXPORTS BY GRAND DIVISIONS TO NORTH AMERICA TO EUROPE YEAR AND MONTH Total France Germany Italy United Kingdom Total Canada TO SOUTH AMERICA Total TO ASIA AND OCEANIA TO AFRICA GRAND TOTAL Argentina Total Japan Total Thousands of dollars monthly average.. $124, 964 monthly average. _ 111, 608 monthly average.. 214, 451 monthly average.. 317, 773 monthly average. _ 338, 538 monthly average. . 321, 558 monthly average.. 432, 306 $12, 827 14, 175 41, 733 71, 735 78, 399 77, 600 74, 447 $29, 328 13, 191 981 188 2 () 2 () 7,730 $6, 556 8,161 22, 477 25, 294 34, 920 41, 015 36, 890 $49, 228 49, 984 99, 870 157, 282 167, 450 171, 774 189/880 $50, 098 40, 132 46, 567 77, 046 105, 081 110, 457 107, 983 $33, 599 25, 885 28, 754 50, 409 69, 077 73, 906 61, 187 $12, 210 7,584 12, Oil 18, 356 25, 991 25, 226 36, 812 $4, 582 2, 261 4,403 6,406 8,925 8,759 12, 992 $17, 319 14, 700 20, 009 39, 211 45, 567 50, 250 74, 775 $5, 208 3,479 3,811 9,096 15, 528 22, 815 30, 530 $2, 411 2,110 3,095 4,501 4,282 4,933 8,160 $207, 002 176, 135 296, 223 456, 887 519, 459 512, 424 660, 035 1920 monthly average. . 372, 174 1921 monthly average. _, 196, 992 1922 monthly average.. 173, 613 1923 monthly average. . 174, 451 1924 monthly average.. 203, 775 1925 monthly average. . 216, 874 1926 monthly average 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, 595 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 56, 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, 116 162, 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, 220 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 1935 January February March _ __ .. April . 269, 401 222, 266 252, 714 207, 470 29, 210 22, 855 25, 689 22, 070 49, 599 43, 785 51, 385 32, 993 22, 669 23, 061 26, 154 19, 171 113, 137 85, 760 85, 720 73, 148 77, 831 75, 052 99, 618 92, 694 36, 931 39, 043 51, 213 49, 285 31, 745 25, 463 33, 545 35, 899 12, 893 9,939 12, 213 12, 242 60, 884 42, 565 58, 970 54, 513 28, 094 15, 819 21, 602 12, 979 6,582 5,330 8,805 7,679 446, 370, 453, 398, May June July August 175, 322 144, 437 155, 090 180, 856 20, 266 15, 205 14, 456 18, 225 28, 727 22, 365 23, 588 34, 116 14, 022 11, 763 12, 268 11, 601 62, 806 57, 197 57, 744 63, 084 107, 466 96, 177 101, 514 101, 362 66, 815 59, 877 62, 969 60, 770 35, 689 31, 192 32, 285 38, 125 12, 263 10,936 11, 977 14, 392 45, 106 45, 110 44, 895 50, 790 8,165 9,764 11,352 13, 272 7,362 6,433 5,876 8,690 370, 945 323, 348 339, 660 379, 823 September October November __ _ December 229, 704 282, 669 237, 642 246, 160 20, 495 34, 051 29, 560 28, 218 52, 202 56, 481 39, 120 35,983 .12, 803 17, 392 16, 766 17, 479 91, 687 121, 393 107, 247 114, 234 101, 586 9&, 484 93, 159 96, 162 62, 100 55, 798 53, 065 51, 649 28, 993 31, 132 34, 991 43, 545 9,661 12, 144 13,230 16, 871 53, 076 73, 421 73, 443 72, 929 18, 029 33, 442 30, 027 26, 801 7,009 6,861 8,566 9,849 420, 490, 447, 468, 1913 1914 1915 1916 1917 1918 1919 1934 May June July August September October November December _ .. 1936 January February ' March April , 443 676 653 255 368 567 804 645 199, 794 171, 968 164, 373 175, 732 29, 731 21, 724 24, 000 21, 924 25, 537 22, 166 21, 116 21, 345 14, 382 12, 823 12,260 14, 811 82, 159 75, 834 67, 941 70, 614 84, 780 82, 588 100, 567 99, 272 47, 437 45, 976 62, 446 56, 746 37, 775 35, 265 35, 413 37, 181 14, 938 10, 885 11, 878 10, 878 66, 545 56, 063 65, 826 66, 460 23, 425 18, 934 22, 323 21, 000 8,302 7,032 8,242 9,226 397, 196 352, 917 374, 421 387, 871 _ 145, 477 144, 393 166, 123 186, 961 19, 084 14, 802 12, 769 14, 898 21,202 20, 170 20, 395 28, 844 11, 801 10, 661 12, 201 10, 817 55, 500 62, 647 77, 446 73, 496 110, 873 98, 642 101, 912 101, 640 75, 735 64, 989 66, 101 69, 118 35, 342 30, 126 37, 299 34, 290 10, 643 9,770 11, 464 11, 725 57, 483 57, 490 54, 400 53, 654 18, 753 16, 895 17, 805 14, 256 7,447 6,768 8,625 9,076 356, 621 338, 419 368, 359 385, 621 September. October November December 224, 186 235, 578 247, 084 19, 006 29,214 28, 852 44, 437 47, 004 42, 098 11,311 14, 945 14, 195 93, 642 97, 631 110, 843 102, 389 102, 855 100, 735 65, 033 68, 377 61, 816 41, 562 32, 957 43, 301 13, 247 11, 060 13, 289 71, 160 75, 417 79, 227 21, 754 27, 724 30, 159 9,427 9,148 9,967 448, 724 445, 955 480, 314 3467,000 May June July August 1937 January February March April __ May June _ __ 1 Compiled by the Z7. $. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent exports, including reexports, of merchandise only. Value .are those at time of exportation in the ports of the United States whence exported, except reexports from bonded warehouses, which are expressed in their import value 23 Total for year 1917 is $3,275. No figures for 1918. Preliminary. 134 Table 110.—IMPORTS AND EXPORTS BY CLASSES OF COMMODITIES IMPORTS YEAR AND MONTH Total Crude materials EXPORTS FoodFinSemistuffs, Manufacished rn a 11 u- manucrude, tured and facfoodfacfood tures tures animals stuffs Total Crude materials Foodstuffs, ManuSemifaciiiauucrude, tured and facfoodfood tures animals stuffs Finished manufactures Thousands of dollars 1913 monthly av__ 1914 monthly av__ 1915 monthly av__ 1916 monthly av__ 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 34, 401 33, 936 24, 335 28, 798 32, 327 33, 742 41, 028 204, 024 172, 675 291, 104 451, 887 513, 934 503, 990 645, 818 64, 017 40, 938 47, 280 60, 118 65, 061 79, 432 134, 178 14, 121 22, 939 38, 470 35, 107 42,406 45, 620 56, 530 27,023 25, 727 45, 880 54,003 67, 228 117, 152 163, 551 33, 066 27,949 39, 641 76, 022 109, 835 87, 773 76, 854 65, 120 53, 243 109, 584 218, 780 225, 066 172, 437 213, 625 1920 monthly av__ 1921 monthly av__ 1922 monthly av_. 1923 monthly av__ 1924 monthly av_. 1925 monthly av__ 1926 monthly av 439, 873 209, 096 259, 396 316, 006 300, 247 352, 333 146, 073 71, 090 96, 381 115, 737 103, 008 143, 435 48, 136 25, 331 27, 660 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 73, 094 51, 577 55, 642 64, 212 62, 446 66, 362 673, 402 364, 911 313, 776 340, 893 374, 804 401, 523 155, 902 81, 997 81, 800 100, 170 110, 528 117, 829 76,498 57, 687 38, 212 21, 457 32, 724 26, 491 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, 570 302,988 274, 000 278, 594 254, 542 104, 164 88, 682 89, 180 83, 288 37, 484 34, 189 39, 130 31,471 50, 581 41, 774 42, 495 30, 396 48,652 48, 366 44, 909 47, 140 61, 677 60, 575 62, 144 60, 466 325 839 299, 160 270, 598 325, 027 77, 047 62, 387 55, 863 63, 044 10, 638 15, 014 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 September __ October November December 287, 144 310, 752 296, 148 333, 192 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 56, 651 58,917 60, 260 66,456 68, 979 61, 464 69, 133 419, 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 58, 711 54, 461 54, 287 49, 556 53, 428 50, 896 53, 801 126, 198 141, 107 124, 897 122, 017 1925 January February March April 346, 165 333, 387 385,379 346, 091 149, 850 130, 588 144, 597 139, 312 38, 062 36, 778 50, 184 36, 533 32, 332 39, 774 46, 840 48, 423 63, 108 63, 649 75, 890 59, 611 62, 813 62, 590 67, 868 62, 212 440, 578 364, 831 445, 834 390, 956 169, 196 129, 333 122,845 83, 766 25, 885 25, 488 31, 101 36, 192 54,031 46, 347 55, 585 39, 365 58, 597 47, 781 64, 666 60, 935 133, 869 117, 882 171, 637 170, 698 May __ _ June July August 327, 519 325, 216 325, 648 340, 086 136, 241 130, 226 125, 483 142, 306 34, 168 35, 733 42, 368 36, 948 39, 900 37, 704 34, 095 29, 783 56, 320 59, 085 58, 791 65, 304 60, 890 62,468 64, 911 65, 665 362, 285 315, 676 331, 674 372, 457 65, 973 52, 578 56, 854 71, 830 33, 625 21, 879 22, 546 28, 562 41, 161 43, 346 43, 339 47, 516 58, 818 54,382 57, 782 52, 145 162, 708 143, 760 151, 146 172, 404 September.. _ __ October November December 349, 954 374, 074 376, 431 397, 945 148, 243 153, 702 168, 084 175, 727 45, 167 44, 277 46, 412 48, 161 33, 278 33, 193 29,341 28, 937 58, 129 65, 669 62, 093 67, 595 65, 137 77, 233 70, 500 74, 089 412, 728 482, 881 439, 657 459, 506 132, 329 210, 314 173, 723 152, 490 34, 632 19, 312 19, 485 21, 187 52, 206 51, 473 46, 972 52, 675 50, 143 50, 737 49, 871 55,705 143, 418 151, 045 149, 606 176, 619 1926 January February.. _ March.. April . 416, 766 388, 503 443, 098 397, 963 201, 092 174, 020 198, 351 164,800 48, 632 42, 110 51, 102 47, 122 28,826 35, 998 40, 153 39, 249 71, 140 72, 844 74, 697 70, 610 67,076 63, 531 78, 795 76, 182 388, 119 345, 819 364, 940 379, 198 113,925 89, 317 83, 031 80, 506 15, 845 12, 172 15, 596 14, 595 47, 788 41, 837 40, 526 38, 170 51, 853 47, 917 53, 520 57, 910 158, 708 154, 576 172, 267 188, 017 May June July August 321, 029 336, 980 339, 232 336, 605 128, 109 122, 537 131, 215 124, 399 35, 908 43, 040 42, 209 42, 081 32, 931 36, 025 29, 312 30, 550 61, 059 64, 332 65, 775 63,987 63, 022 71, 046 70, 721 70, 588 348, 079 328, 728 360, 494 379, 496 67,383 63, 245 72, 093 76, 677 25, 155 21, 088 33, 908 49, 932 34, 053 34, 237 35, 418 42, 936 50, 707 54, 986 53, 145 53, 207 170, 781 155, 172 165, 930 156, 744 September . October _ November _ __ December 343, 479 378, 350 374, 042 135, 131 134, 783 141, 138 39, 108 50, 420 49, 611 32, 588 40, 659 39, 620 62, 779 64, 726 65, 897 73, 873 87, 762 77, 776 440, 865 448, 883 473, 509 120, 607 167, 167 168, 602 46, 484 35, 658 37, 440 47, 839 47, 527 45, 001 55, 450 53, 544 61, 618 170, 485 144, 987 160, 848 1934 May June -July -. August __ 1927 January February March May June 1 Data from U, S. Department of Commerce, Bureau of Foreign and Domestic Commerce. For changes in valuations, see footnote on preceding page. 135 SOURCES OF DATA [Only sources presenting current material are given here: Sources of data used to fill gaps in early figures are noted in their respective detailed tables, thus making this table a complete record of current source material for the SURVEY] CURRENT PUBLICATION l DATE OF PUBLICATION I.-REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN ARGENTINE MINISTRY OF AGRICULTURE.. BRITISH BOARD OF TRADE _ CANADIAN DEPARTMENT OF LABOR CANADIAN DEPARTMENT OF TRADE AND COMMERCE. FEDERAL FARM LOAN BOARD FEDERAL RESERVE BANK OF CHICAGO.. FEDERAL RESERVE BANK OF MINNEAPOLIS.. FEDERAL RESERVE BANK OF NEW YORK— FEDERAL RESERVE BANK OF PHILADELPHIA. FEDERAL RESERVE BOARD__ ... ILLINOIS DEPARTMENT OF LABOR INTERSTATE COMMERCE COMMISSION- Flaxseed exports from Argentina Tea stocks in United Kingdom Employment in Canadian trade-unions. Operations of Canadian employment service Foreign trade of Canada Canadian railroad operationsCanadian iron, steel, coal, flour production, etc. _ Agricultural loans by land and credit banks Agricultural machinery Domestic pumps Retail sales of lumber by rural yards.. Housing rental advertisements Foreign exchange rates Corporation profits. Employment in Pennsylvania and Delaware Debits to individual accounts Condition of Federal reserve banks Condition of reporting member banks _ Department store trade Index numbers of department store, mail order, and chain store trade. Barley and rye receipts and rye stocks Sales of loose-leaf tobacco Index numbers of production Wholesale trade index 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 Jersey factory employment New York factory employment and earnings.._ New York State canal traffic.. Panama Canal traffic Government employment MASSACHUSETTS DEPT. LABOR AND INDUSTRY.. MASSACHUSETTS DEPT. PUBLIC UTILITIES NEW JERSEY DEPT. LABOR 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 Beef, pork, and lamb production BUREAU OF AGRICULTURAL ECONOMICS.._ Prices of farm products to producers. Wool stocks in dealers' hands and wool prices Crop production. BUREAU OF PUBLIC ROADS. U. S. DEPARTMENT OF COMMERCE: BUREAU OF THE CENSUS. _ Cold-storage holdings Movement of cattle, hogs, and sheep Receipts of butter, cheese, eggs, and poultry Production of dairy products Car-lot shipments of fruits and vegetables Farm labor, wages, supply, etc Consumption of butter, cheese and meats Index of agricultural exports Federal-aid highways Wages of common labor, by geog. divs__ Estadistica Agro-Pecuaria. _. Board of Trade Bulletin Labour Gazette (Canadian) _ Labour Gazette (Canadian).. Foreign trade of Canada Operating Revenues, etc., of Railways*. __ Press releases* Not published currentlyBusiness Conditions Business Conditions Business Conditions. Business Conditions. Fed. Res. Bull, and daily statement* Monthly Review Business and Financial Conditions Fed. Res. Bull, and weekly press releases*.. Fed. Res. Bull, and weekly press releases*.. Fed. Res. Bull, and weekly press releases*.Federal Reserve Bulletin Federal Reserve Bulletin __ Federal Reserve Bulletin Federal Reserve Bulletin Federal Reserve Bulletin Federal Reserve Bulletin.. The Employment Bulletin Preliminary statement Class I roads Operations of large telephone companies... Not published Not published Fuel for Road Locomotives Not published Monthly statement* Not published Fed. Res. Bank of Philadelphia Labor Market Bulletin and press releases*. Annual report ^___ The Panama Canal Record Not published Crops and Crops and Crops and Crops and Markets Markets Markets Markets and press releases* Crops and Markets Crops and Markets Crops and Markets Crops and Markets Crops and Markets Crops and Markets Crops and Markets._ Crops and Markets. Public Roads. _ Not published __ Monthly. Semimonthly. Semimonthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Daily and monthly. Quarterly. Monthly. Sun. papers and monthly. Fri. morn, papers and mo. Fri. aftnoon papers and mo; Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Yearly. Last weekly issue of month. Monthly supplement. Monthly supplement. Monthly supplement. Releases about 1st mo. (cotton) ; 10th (other crops). ._ Monthly supplement. Monthly supplement. Weekly. Quarterly. Monthly supplement. Monthly supplement. Monthly. _ _ . Monthly. Monthly. Cotton ginned _. Preliminary report on ginnings*. Semimo. during season. Cotton consumed and on hand Preliminary report on cotton consumed. __ 15th of month. Active textile machinery. Wool machinery and cotton spindles* 20th of month. Leather, hides, shoes, gloves, production, etc Census of hides, skins, and leather* First week of month. Leather gloves and mittens Pressrelease* 30th of month. Cottonseed and cottonseed oil Preliminary report on cottonseed* 18th of month. Hosiery production, stocks, etc Pressrelease* 30th of month. Knit underwear production, etc Press release* __ 30th of month. Men's and boys' and work clothing Press release* __ 30th of month. Malleable castings Pressrelease* 30th of month. Wheat flour production from May, 1923 Pressrelease* 30th of month. Wheat and wheat flour stocks _ __ Press release* One month after end of qtr. Pyroxylin coated textiles •__. Pressrelease* 30th of month. Stokers, sales from January, 1923 Press release*. _. 20th of month. Stocks of tobacco Statement on stocks of leaf tobacco One month after end of qtr. Wool consumption and stocks Press release" 30th of month. Steel barrels __ Press release53 30th of month. Fabricated steel plate bookings Press release1 20th of month. Box board Press release 30th of month. Electrical goods, bookings Press release* One month after end of qtr. Electric locomotives, mining and industrial Press release* One month after end of qtr. Electric industrial trucks and tractors Pressrelease* 25th of month. Floor and wall tile Press release* __ 30th of month. Fire extinguishers Press release* 20th of month. Galvanized sheet metal ware Pressrelease* 30th of month. Babbitt metal consumption, Pressrelease* _ __ 30th of month. Floor and wall tile Press release* 30th of month, Enameled sanitary ware Pressrelease* 20th of month. Vitreous china plumbing fixtures Press release' 25th of month. Fats and oils, production, consumption, stocks __ Statistics of fats and oils*__. _ One month after end of qtr« Glues and gelatin, production and stocks Pressrelease* _ ___ 30 days after end of qtr, Fabricated struc. steel sales from Apr., 1922 Pressrelease*. _ 20th of month. Automobile production from July, 1921 Pressrelease* _ 20th of month. Wood chemical operations, crude and refined Pressrelease* 30th of month. Steel castings bookings and production. _. Pressrelease* __ __ 20th of month. Steel furniture shipments _ Pressrelease* "_" 25th of month. Locomotive shipments and unfilled orders. Press release* _ 10th of month. Earnings of public utilities.. ] Survey of Current Business "_"_ Monthly. i This is not necessarily the source of the figures published in the SURVEY, as many of them are obtained direct from the compilers prior to publication in the 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 136 SOURCES OF DATA—Continued CURRENT PUBLICATION DATE OF PUBLICATION I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued U. S. DEPARTMENT OF COMMERCE—Contd. BUREAU OF THE CENSUS (continued) BUREAU OF FISHERIES.. _ BUREAU OF FOREIGN AND DOMESTIC COMMERCE. BUREAU OF MINES.. BUREAU OF NAVIGATION.. - BUREAU OF STANDARDS U. S. PATENT OFFICE U. S. DEPARTMENT OF THE INTERIOR: GEOLOGICAL SURVEY DIVISION OF NATIONAL PARKS.. ; S. DEPARTMENT OF LABOR: EMPLOYMENT SERVICE Plumbing goods price index Domestic pumps and water systems Water softeners Architectural terra cotta Index numbers of production, stocks, and unfilled orders. Fish catch at principal fishing ports All imports and exports Fuel loaded for consumption by vessels Vessels cleared Ship charter rates index Petroleum, crude and refined, production, etc Explosives, production, shipments, etc Coal and coke production _ Press release* Press release* Press release* Press release* 10th of month. 30th of month. 30th of month. 15th of month. Press release* Monthly statement Monthly Sum. Foreign Commerce (Pt. I)1. Not published Monthly Sum. Foreign Commerce (Pt. II) Commerce Reports Petroleum statistics* Explosive statistics* Weekly report on production of coal*. 30th of month. 20th of month. Last week of month. Portland cement, production, etc.. Vessel construction and losses Report on Portland cement output* Commerce Reports Building material price indexes.. Patents granted Not published. Not published. Electric power production Consumption of fuel by public utility plants Visitors to National Parks Production of electric power*.. Production of electric power*.. Not published End of month, End of month. Monthly. Employment agency operations. Report of Activities of State and Municipal Employment Agencies. Not published Wholesale Prices of Commodities Every 4 or 5 weeks. Immigration and emigration statistics.__ Wholesale prices of commodities, including farm products, food, clothing, metals, etc. Wholesale price index. Retail price indexes Factory employment, pay roll, etc United States postal savings Postal receipts Money orders ___ Passports issued Government debt, receipts, and disbursements.. Money in circulation from July 1, 1922 Domestic receipts of gold at mint Oleomargarine production and consumption of ingredients. Consumption of manufactured tobacco, snuff, cigars, cigarettes, and oleomargarine. Internal Revenue taxes on automobiles Ethyl alcohol production, stocks, etc BUREAU OF IMMIGRATION BUREAU OF LABOR STATISTICS. U. S. POST OFFICE DEPARTMENT.. U. S. DEPARTMENT OF STATE.. U. S. TREASURY DEPARTMENT. BUREAU OF THE MINT .. BUREAU OF INTERNAL EEVENUE . U. S,. WAR DEPARTMENT: ENGINEER CORPS Monthly Labor Review Monthly Lab9r Review Employment in Selected Industries.. Postal Savings News BulletinStatement 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* 15th of month. Monthly,, Monthly. . Monthly. 12th of month. 7th of month, 10th of month. Last day of month. Monthly. First week of month. Classified collections of Internal Revenue. 25th of month, Not published Sault Ste. Marie Canal traffic Monthly statistical report.. Ohio, Monongahela, and Allegheny Rivers cargo N6t published traffic. Barge traffic on Mississippi River Not published Agricultural loans Not published in form used Bulletin on Wisconsin labor market* Wisconsin factory earnings and employment MISSISSIPPI-WARRIOR SERVICE _.. WAR FINANCE CORPORATION WISCONSIN INDUSTRIAL COMMISSION. Middle of next month. 30th of month. Monthly. Second or third weekly issue of month. 20th of month. First weekly issue of month (Mondays). Monthly during season. 15th of month. IL—REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE. AMALGAMATED ASSOCIATION OF IRON, STSEL, AND TIN WORKERS. AMERICAN BUREAU OF METAL STATISTICS AMERICAN DRY MILK INSTITUTE AMERICAN ELECTRIC RAILWAY ASSOCIATION. _. AMERICAN FACE BRICK ASSOCIATION AMERICAN FUR MERCHANTS ASSOCN AMERICAN NEWSPAPER PUBLISHERS' ASSOCN.. AMERICAN IRON AND STEEL INSTITUTE Shipments of abrasive paper and cloth Wages, steel workers, Youngstown district. Copper, silver, lead, arsenic—production, etc Powdered milk sales Passengers carried, electric railways Face brick production, stocks, etc Fur sales Stocks of newsprint paper Steel ingot production Trackwork production Paper and wood pulp production, etc AMERICAN PAPER AND PULP ASSOCIATION Gasoline and kerosene consumption AMERICAN PETROLEUM INSTITUTE AMERICAN RAILWAY ASSOCIATION (Car Serv- Freight car surplus and shortage Car loadings and bad-order cars and locomotives ice Division). Walnut lumber and logs AMERICAN WALNUT MFRS. ASSOCIATION AMERICAN WASHING MACHINE MANUFAC- Washing machine shipments TURERS' ASSOCIATION. Production and stocks zinc, retorts operating AMERICAN ZINC INSTITUTE Anthracite shipments, etc., and mine employANTHRACITE BUREAU OF INFORMATION ment. ASPHALT SHINGLE AND ROOFING MFRS. ASSOCN Prepared roofing shipments. _ . Corn ground into starch, glucose, etc Assoc. CORN PRODUCTS MANUFACTURERS ASSOCIATION OF COTTON TEXTILE MERCHANTS- Cotton textiles, production, stocks, etc ASSOCIATION OF LIFE INSURANCE PRESIDENTS New life insurance business Premium collections.. Distribution of assets BAND INSTRUMENT MANUFACTURERS ASSOCN. Band instrument shipments Receipts of wool at Boston BOSTON GRAIN AND FLOUR EXCHANGE Average receipts per ton-mile BUREAU OF RAILWAY ECONOMICS Passengers and tonnage carried 1 mile Redwood lumber production, etc CALIFORNIA RED.WOOD ASSOCIATION CALIFORNIA WHITE AND SXJGAR PINE ASSOCN. Sugar pine lumber production, etc Fabricated structural steel OENTRAL FABRICATORS ASSOCIATION CHICAGO BOARD OF TRADE Wheat, corn, and pats, receipts, etc COMMON BRICK MANFRS. ASSOCN. OF AMERICA Common brick shipments, stocks, etc Credit conditions CREDIT CLEARING HOUSE Electiic hoists, orders and shipments ELECTRIC HOIST MANUFACTURERS ASSOCN Detroit factory employment EMPLOYERS' ASSOCIATION OF DETROIT ENAMELED SANITARY WARE MFRS. ASSOCN. Enameled sanitary ware, orders, etc. Roofing felt production, stocks, etc FELT MANUFACTURERS ASSOCIATION Fine cotton goods production FINE COTTON GOODS EXCHANGE * Imports and exports of gold and silver in Part II. Not published. Trade papers... Bimonthly. Not published... Monthly report*. Aera. Trends in the Face Brick Industry. Not published _ Monthly report Press release to trade papers*.. Trade papers Monthly report* Bulletin _, Car Surpluses and Shortages*. Information Bulletins* Not published Not published Monthly. 7th of month. Quarterly. Press release to trade papers * Statement of anthracite shipments*. 13th of month. 15th of month. Monthly. Monthly. Weekly. Weekly. Not published. Not published . Not published-. Not published Not published... _ Not published Not published Trade papers... Daily. Not published Summary of operating statistics. Monthly, Not published Not published Not published Daily. Trade papers Monthly report Weekly. Credit Not published ....... Weekly press release. Not published Not published Trade papers *Multigraphed or mimeographed sheets. 137 SOURCES OF DATA—Continued CURRENT PUBLICATION DATE OF PUBLICATION II.-REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS—Continued FOUNDRY EQUIPMENT MFRS. ASSOCIATION GLASS CONTAINER ASSOCIATION. HARDWOOD MANUFACTURERS INSTITUTE HYDRAULIC SOCIETY _. ILLUMINATING GLASSWARE GUILD INTERSTATE MILK PRODUCERS ASSOCIATION. _. LABEL MANUFACTURERS ASSOCIATION LAKE SUPERIOR IRON ORE ASSOCIATION. LEATHER BELTING EXCHANGE LIFE INSURANCE SALES RESEARCH BUREAU... MAPLE FLOORING MANFRS. ASSOCIATION MINNEAPOLIS CHAMBER OF COMMERCE MOTOR AND ACCESSORY MFRS. ASSOCIATION._. NATIONAL ALLIANCE OF CASE GOODS ASSOCN. NATIONAL ASSOCIATION OF BRASS MFRS NATIONAL ASSOCIATION OF BUTTON MFRS .NATIONAL ASSOCIATION OF FINISHERS OF COTTON FABRICS. NATIONAL ASSOCIATION OF GLUE MANUFACTURERS. NATIONAL ASSOCIATION OF PIANO BENCH AND STOOL MANUFACTURERS. NATIONAL ASSOCIATION OF REAL ESTATE BOARDS. NATIONAL ASSOCIATION OF STEEL FURNITURE MANUFACTURERS. NATIONAL ASSOCIATION OF SHEET AND TIN PLATE MANUFACTURERS. NATIONAL AUTOMOBILE CHAMBER OF COMMERCE. NATIONAL BOILER AND RADIATOR ASSN. NATIONAL ELECTRICAL CREDIT ASSOCIATION.. NATIONAL ELECTRICAL MFRS. ASSOCN NATIONAL FERTILIZER ASSOCIATION Foundry equipment production Glass container production, etc Hardwood lumber, stocks, etc Steam, power, and centrifugal pumps Illuminating glassware production, orders, etc.. Milk receipts at Philadelphia Label orders Consumption, stocks, and shipments, iron ore -. Shipments of leather belting. Life insurance sales, ordinary Maple flooring production, etc Linseed oil and oil-cake shipments Shipments of accessories and parts Unfilled orders and shipments of furniture Brass faucets, orders and shipments Button stocks, activity, etc. Finished cotton goods, billings, orders, shipments, and stocks. Shipments of animal glues Monthly. 18th of month. Monthly. Weekly. Not published Production, shipments, and unfilled orders of piano benches and stools. Real estate conveyances Not published... Steel furniture shipments, orders, etc Not published Steel sheets, production, stocks, etc Not published Production and shipments of passenger cars and trucks. Cast iron boilers and radiators Credit conditions Electrical products, shipments, orders, etc Acid phosphate production, etc., and fertilizer consumption in southern states. NATIONAL INDUSTRIAL CONFERENCE BOARD... Cost of living, wages and hours of labor NATIONAL MACHINE TOOL BUILDERS' ASSOCN. Machine-tool orders, shipments, etc .NATIONAL PAVING BRICK MANUFACTURERS' Paving-brick production, etc ASSOCIATION. NEW ORLEANS BOARD OF TRADE ... Rice distribution through New Orleans NEW ORLEANS COTTON EXCHANGE .... Cotton receipts into sight .NEWS PRINT SERVICE BUREAU Canadian newsprint production, etc United States newsprint data since June, 1923.. NEW YORK COFFEE AND SUGAR EXCHANGE.._ Coffee receipts, stocks, etc NEW YORK METAL EXCHANGE... Tin stocks and deliveries NEW YORK STOCK EXCHANGE Loans to brokers NORTH CAROLINA PINE ASSOCIATION North Carolina pine, production, etc NORTHERN HEMLOCK AND HARDWOOD MANU- Hemlock and hardwood lumber production, FACTURERS' ASSOCIATION. etc. NORTHERN PINE MANFRS. ASSOCIATION Northern pine lumber and lath OAK FLOORING MANFRS. ASSOCIATION Oak flooring, production, etc OHIO STATE FOUNDRYMENS' ASSOCIATION Ohio foundry iron production, etc PACIFIC CANNED FISH BROKERS' ASSOCIATION. Shipments of canned salmon PAPERBOARD INDUSTRIES ASSOCIATION Paperboard shipping boxes and boxboard production, etc. PHILADELPHIA MILK EXCHANGE Milk receipts at Philadelphia PLATE GLASS MFRS. OF AMERICA Plate glass production PLYWOOD MANUFACTURERS' ASSOCIATION Plywood, orders, etc PORTLAND ASSOCIATION OF BLDG. OWNERS Rental advertisements, Portland, Oreg AND MANAGERS. PORTLAND CEMENT ASSOCIATION Cement paving contracts RICE GROWERS' ASSOCIATION OF CALIFORNIA _. Receipts, stocks, and shipments (Calif, mills). HICE MILLERS' ASSOCIATION Rice receipts, stocks, etc ROPE PAPER SACK MANFRS. ASSOCIATION Shipments of rope paper sacks RUBBER ASSOCIATION OF AMERICA Rubber tires, heels, fabrics, crude stocks, etc RUBBER GROWERS' ASSOCIATION Rubber stocks in England SALES BOOK MANUFACTURERS' ASSOCIATION. _ Shipments and orders of sales books SAVINGS BANK ASSOCIATION OF STATE OF Savings banks deposits in New York State NEW YORK. SHEET METAL WARE ASSOCIATION Galvanized sheet rnetal ware SILK ASSOCIATION OF AMERICA Raw silk consumption, machinery activity, etc.. SOUTHERN FURNITURE MFRS. ASSOCIATION Furniture shipments and unfilled orders _. .SOUTHERN PINE ASSOCIATION Yellow pine production and stocks .STEEL BARREL MANUFACTURERS' ASSOCIATION Steel barrel capacity operations _. STEEL FOUNDERS' SOCIETY Steel castings, bookings and production TIGHT BARREL CIRCLED HEADING MFRS. ASSN_ Circled headings for wooden barrels TUBULAR PLUMBING GOODS ASSOCIATION Tubular plumbing sales TURPENTINE AND ROSIN PRODUCERS ASSN St9cks of turpentine and rosin __ TWIN CITY MILK PRODUCERS' ASSOCIATION. __ Milk production, Minnesota UNITED TYPOTHETAE OF AMERICA Printing activity VACUUM CLEANER MANUFACTURERS ASSN Vacuum cleaner shipments WEST COAST LUMBERMEN'S ASSOCIATION Douglas fir lumber production, etc WEBBING MANUFACTURERS' EXCHANGE Sales of elastic webbing _ WESTERN PINE MANUFACTURERS' ASSOCIATION Western pine lumber production, etc WESTERN SHEET AND TIN PLATE MANUFAC- Prices of steelsheets, Youngstowndistrict _. TURERS ASSOCIATION. WlREBOUND BOX MANUFACTURERS ASSN---__ Rotary cut veneer receipts and purchases ' Multigraphed or mimeographed sheets. Report on monthly volume of business.. Monthly report* _ Monthly report Not published. _ _ _ Not published Monthly Not published Monthly report* Monthly report (not published) Monthly release Not published Monthly statement Business Bulletin Not published in form used Not published Weekly report ._ Not published Bulletin. Traffic bulletin* (production figures not published). Not published... Not published __ Not published__ Not published. _ Second week of month. Monthly press releaseNot published Monthly report 21st of month Monthly report Monthly report Monthly bulletin... Monthly bulletin. __ Monthly statement. Trade papers Financial papers Not published Not published First week of month. First week of month. Not published Not published Monthly report* (not published).. Not published Not published. _ First week of month. First week of month. 5th of month. Monthly. Not published.. Not published. Not published. Not published. Concrete Highway Magazine Monthly. Not published Monthly report Not published. Monthly reports (not published) Bulletin of Rubber Growers' Association. Monthly. Not published Not published in form used Not published Monthly press release to trade papers* Not published in form used Not published in form used Monthly reports * (not published) Not published Not published Semiweekly reports Not published Not published. Typothetae Bulletin. Trade papers Not published Not published Not published Trade papers Weekly report.. 5th of month. Monthly. Bimonthly. 138 SOURCES OF DATA—Continued DATE OF PUBLICATION m.-REPORTS FROM TECHNICAL PERIODICALS Composite pig iron and steel prices __ First or second week of month (daily). Stock sales __ _ _ First weekly issue of month (Fridays). Stock prices Weekly (Fridays). State and municipal bond issues THE BOND BUYER .First weekly issue of month (Saturdays). Municipal bond yields First weekly issue of month (Saturdays). Visible supply of grains (except rye) __ Weekly (Saturdays) . BRADSTREET'S - - - ------- Bank clearings, United States and Canada _ First weekly issue of month (Saturdays). Wholesale price index Second weekly issue of month (Saturdays). Business failures, Canada First weekly issue of month (Saturdays). CHEMICAL AND METALLURGICAL ENGINEERING Chemical price index Weekly (Wednesdays). COAL AGE _ Mine price of bituminous coal __ _ _ __ Weekly (Thursdays) . Cotton, visible supply COMMERCIAL AND FINANCIAL CHRONICLE Weekly (Saturdays'). Interest rates on call loans and commercial paper Weekly (Saturdays) . New corporate securities _ Last weekly issue of month (Saturdays). Fairchild cotton goods index DAILY NEWS RECORD Dow, JONES & Co. (WALL STREET JOURNAL). New York bond sales and prices _ _. _. First week of month (daily) . Mexican petroleum shipments 20th of month (daily). DUN'S REVIEW __ -. Business failures and wholesale price index First weekly issue of month (Saturdays). Sales of electrical energy, central stations ELECTRICAL WORLD First weekly issue of month (Saturdays). Household enameled ware Monthly. ENAMELIST Rand gold production; tin, lead, zinc, copper, and silver Second weekly issue of month (Saturdays). ENGINEERING AND MINING JOURNAL-PRESS prices. Construction cost index ENGINEERING NEWS RECORD First weekly issue of montn. Canadian bond issues _ _ _ _ Weekly (Thursdays). FINANCIAL POST - - - - - - - Hay receipts HAY TRADE JOURNAL Weekly (Fridays). IRON AGE _ Pig-iron production, furnaces in blast, etc _ __ First weekly issue of month (Thursdays). Iron and steel prices Weekly (Thursdays) . IRON TRADE REVIEW Shipments, etc., zinc and lead ore, Joplin district JOPLIN GLOBE - Fire losses in Great Britain LONDON TIMES Price indexes of lumber LUMBER MANUFACTURER AND DEALER First weekly issue of month (Fridays). Milk receipts a t Greater N e w York ___ MILK REPORTER _ Weekly. Turpentine and rosin, receipts and stocks, 3 ports Weekly (Saturdays). NAVAL STORES REVIEW Dividend and interest payments „-_. _ _ _ NEW YORK JOURNAL OF COMMERCE - - - First week of month (daily) . New incorporations First week of month (daily). Fire losses 10th of month (daily) . Newspaper advertising NEW YORK EVENING POST Not published. NORTHWESTERN MILLER _ _ _ _ _ _ _ _ _ _ Flaxseed, receipts, etc Weekly (Wednesdays). OIL, PAINT, AND DRUG REPORTER _ Price indexes of drugs, oil, etc _ __ Weekly (Mondays). Argentine visible supply of flaxseed Weekly (Mondays). OIL TRADE JOURNAL. : Mexican petroleum shipments _ 10th of month (monthly) . PRINTERS' INK - _ _ __ Magazine advertising Second week of month. PRINTERS' INK MONTHLY _ _ _ _ Monthly. National advertising in newspapers Book production PUBLISHERS' WEEKLY . . Third week of month. Equipment orders RAILWAY AGE . __ Sand liine brick production, etc ROCK PRODUCTS _ _ _ _ _ _ _ _ _ _ Monthly; Wheat flour production, from July, 1920 RUSSELL'S COMMERCIAL NEWS _ _ _ _ Fourth week of month (Wednesdays). r Sugar stocks receipts meltings, and Cuban statistics Weekly (Fridays). ST4 TisTi AL SUGAR TRADE JOURNAL World shipments and stocks, plantation rubber WORLD RUBBER POSITION (BRITISH) AMERICAN METAL MARKET THE ANNALIST - - - SOURCE DATA CURRENT PUBLICATION DATE OF PUBLICATION IV.—REPORTS FROM PRIVATE ORGANIZATIONS (Excluding individual firms reporting data to be combined with other firms or trade associations; ABERTHAW CONSTRUCTION Co_ _ AMERICAN APPRAISAL Co AMERICAN TELEPHONE & TELEGRAPH Co BOSTON, CAPE COD & NEW YORK CANAL Co. CHILDS Co _ CLEVELAND TRUST Co COMPAGNIE UNIVERSELLE DU CANAL MARITIME DE SUEZ. DICKSON, R. S., & Co DODGE, F. W., CORPORATION.. GENERAL MOTORS CORPORATION GRAND, F. & W., 5-10-25CENT STORES___ GRANT, W. T., Co HAFFARDS, G. M., & Co HARTMAN CORPORATION. ___ HERCULES POWDER Co LLOYD'S KING, CLYDE L KRESGE, S. S., Co . KRESS, S. H., & Co MCLEAN BUILDING REPORTS, LTD.__ MCCRORY STORES CORPORATION METROPOLITAN FIVE AND TEN CENT STORES. _ METROPOLITAN LIFE INSURANCE Co NEW YOEK TRUST Co OHIO STATE UNIVERSITY, BUREAU OF BUSINESS RESEARCH. OWL DRUG Co__ PENNEY, J. C., Co___ _ PENNSYLVANIA RAILROAD Co POLK, R. L., & Co. _ PULLMAN Co _ SANFORD & KELLEY SCHULTE, A., INC ___ SEARS, ROEBUCK & Co. SEIDMAN & SEIDMAN SILVER, ISAAC, & BROS _ THOMPSON, J. R., Co _ __ UNITED CIGAR STORES Co UNITED STATES STEEL CORPORATION WALDORF SYSTEM, INC MONTGOMERY, & Co. WARD, WOOLWORTH, F. W., & CO.__ Building costs Construction costs Stockholders in the company.. Cape Cod Canal traffic Restaurant sales _ Dividends paid on industrial stocks.. Suez Canal traffic Construction trade papers.. American Appraisal News. Financial papers Not published Monthly report Bulletin Le Canalde Suez. Southern cotton mill stocks index Building contracts Sales of closed cars, sales to dealers and to users... Chain-store sales Chain-store sales Fall River cotton mill dividends Chain-store sales.. Steam naval stores, production and stocks World ship construction Milk receipts of Baltimore. Chain-store sales Chain-store sales Canadian building contracts Chain-store sales Chain-store sales _ Factory Labor Turnover Indexes of stock and bond prices Employment, construction industries, Ohio Financial papers Statement on Building Statistics.. Financial papers Financial papers Financial papers Bradstreet's . Financial papers Naval Stores Review New York Journal of Commerce.. Not published Financial papers _. Financial papers Canadian Building Review Financial papers Financial papers... Not published The Index Bulletin Chain-store sales Chain-store sales Stockholders in the company New passenger-car registrations Pullman passenger traffic and operations New Bedford cotton mill dividends Chain-store sales Mail-order sales Sales of furniture in Grand Rapids district Chain-store sales Restaurant sales _ Chain-store sales Unfilled orders Earnings. _ _ Stockholders _ _ Wages of common labor _ Restaurant sales Mail-order sales _ Chain-store sales __ Financial papers __ Financial papers Financial papers National New Car Reporting Service*. Not published Bradstreet's Finanical papers . Financial papers Not published Financial papers Monthly press release* Financial papers Pressrelease* Press release* Financial papers Special reports* Monthly press release* _ Financial papers . Financial papers __ Monthly. Third week of month. Monthly. Quarterly. 5th, 15th, and 25th of month. Weekly. Monthly. Monthly. Quarterly. Monthly. Monthly. First week of month. First week of month. Monthly. First week of month. Monthly. Monthly. First week of month. Quarterly. Monthly. Quarterly. First week of month. 10th of month. Quarterly. Quarterly. Occasionally« First week of month. First week of month. GENERAL INDEX Page numbers refer to data in detailed tables (pp. 26-134) 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. Abrasives, paper and cloth 64 Accessories, automobile 46, 47 Acetate of lime, production, shipments, etc 76 Acid phosphate, production, stocks, etc 79 Acid, sulphuric, price and exports 79 Active textile machinery 30, 34, 36 Advertising: Magazine and newspaper 72, 111 Rentals, Minneapolis, and Portland, Oreg 65 Agencies, employment 107 Agents and brokers, failures 129 Agriculture: Price indexes 28, 29 Production, index numbers 26 Wages 107 Agricultural implements 45, 47 Agricultural loans and mortgages __ 123, 127 Alcohol, ethyl, and wood (methanol) 76, 77 Allegheny River, cargo traffic 99 American Telephone & Telegraph Co., stockholders 130 Animal fats and glues, production, stocks, etc 83 Animal products: Price index 29 Production, index numbers 26 Apartments, bond issues 128 Apples: Production (crop estimate) 84 Stocks and shipments 88 Architectural terra cotta 74 Argentina: Flaxseed, exports, and visible supply 81 Foreign-exchange rates 131 Foreign trade with 132, 133 Arsenic, crude and refined 52 Asphalt, production, stocks 55 Assets, life-insurance companies.. 123 Automobiles: Accessories, registrations, etc__ 47 Advertising, national, in newspapers 72 Earnings, manufacturers 130 Production, exports, sales, etc__ 46 Tires and tubes 57 Babbitt metal, consumption 52 Bad-order cars 103 Bad-order locomotives 101 Baltimore, milk receipts 93 Band-instruments, shipments 52 Banks: Clearings, conditions, interest rates, etc 124,125 Failures 129 Farm loans 127 Barley: Exports, prices, receipts and stocks 87 Production (crop estimate) 84 Barrels: Steel 41 Wooden headings 72 Basic commodities, production, index numbers L 26 Baths, enamel, orders, etc 48 Beef, consumption, exports, proDigitized for duction, FRASER prices, etc 91 Page Belgium, foreign-exchange rates 131 Belting, leather, sales 60 Benches, piano 71 Boilers, cast-iron, production, shipments, etc 43 Bonds: Government, outstanding 125 Held by life-insurance companies 123 New issues 127,128 Prices, sales, and yields 126, 128 Tax-exempt, outstanding 127 Book paper, production, etc 63 Boojts, publication 61 Boots and shoes. (See Shoes.) Boston: Milk receipts 93 Wool receipts 30 Box board, production, receipts, etc.. 62 Boxes, paper, production, etc 62 Bradstreet's, price index 28 Brass faucets, orders and shipments._ 49 Brazil: Coffee, receipts and clearances, _ 96 Foreign-exchange rates 131 Brick: Housing costs 65 Production, stocks, prices, etc__ 72, 74,75 British India, foreign-exchange rates. 181 Brokers: Failures . _ _ _ 129 Loans to 125 Buildings: Contracts awarded 66 Cost indexes, losses, etc 65 Employment in Ohio 105 Security issues 128 Building materials: Price indexes 28, 65 Unfilled-order index 27 Burlap, imports 36 Butter, production, receipts, etc 94 Buttons, pearl, production and stocks. 31 Cake and meal: Cottonseed, production, etc 80 Linseed, shipments, etc 81 California: Petroleum stocks 53 Redwood and white-pine lumber, production, shipments, etc 68 Rice stocks 88 Canada: Automobiles, production and exports . 46 Bank clearings 124 Bond issues 127 Building, contracts awarded 66 Canals, traffic 99 Cheese, exports 94 Coal, production and consumption 37 Employment 106, 107 Failures 129 Foreign-exchange rates and trade 131,132,133 Iron and steel, production 38, 39 Life-insurance, sales 123 Methanol, refining 77 Newsprint paper, production, 61 etc Oats and oatmeal 87 Railroads, operation 100 Silver, production and stocks. __ 121 (139) Canada—Continued. Wheat flour, production 85 Wheat, grindings, stocks and exports 85,86 Canals, traffic 99 Candy, sales, chain stores 112, 113 Canned goods: Milk, condensed, evaporated, and powdered 92, 93 Salmon 96 Cape Cod Canal, traffic 99 Capital issues. (See Securites.) Cars, railroad 102, 103 Castings, malleable, steel and track work 42 Cast iron, boilers and radiators 43 Cattle, receipts, shipments, prices and slaughter 89 Cement, production, stocks, shipments and prices 75 Cereals. (See Grains.) Chain stores, sales 112, 113, 114, 115 Check payments 124 Cheese, production, receipts, etc 94 Chemicals: Employment index 105 Exports, imports, production and prices 79 Pay-roll index 109 Price indexes 28, 79 Time operations, factory, index number 110 Wood distillation and alcohol. 76, 77 Childs Co., restaurant sales 115 Chile: Foreign-exchange rates 131 Nitrate production 79 China, vitreous, plumbing fixtures 73 Cigars and cigarettes: Consumption and exports 97 Sales, chain stores 112, 113, 115 Circulation, money and notes 124, 125 Citrus fruits, car-lot shipments 88 Clay and glass products: Employment index 105 Pay-roll index 109 Production, prices, etc 73, 74, 75 Time operations 110 Cleaners, vacuum 44 Clearings, bank 124 Clothing: " Advertising, national, in newspapers 72 Cost indexes 28, 29 Production, stocks, etc 31 Rubber-proofed 57 Coal: Employment, anthracite mines._ 105 Loadings, freight cars 102 Prices, production, stocks, exports, etc 37 Retail-price index 29 Coconut oil (or copra), consumption, stocks, etc 82 Coffee, imports, stocks and Brazilian movements 96 Coke: Production, exports and prices. 39,55 Coal consumption 37 Cold-storage holdings: Apples 88 Butter, cheese, and eggs 94 Poultry and fish 96 Meats 90,91 Concrete, paving contracts 75 140 GENERAL INDEX—Continued Page numbers refer to data in detailed tables (pp. 26-134) 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 Condition, banks 124 Construction, building: Contracts awarded 66 Cost and volume indexes 65 Employment in Ohio 105 Security issues 128 Construction, highways 75 Construction, ships 98 Consumption: Chemicals and oils 79,80,81,82 Coal 37 Cotton and fabrics 33,57 Iron ore 38 Meats and dairy products 90, 91, 93, 94 Petroleum products 53, 54, 55 Pulp and paper products 61, 62, 63, 64 Rubber 56,57 Tobacco 97 Wheat flour . _ _ _ 85 Wool 30 Containers: Glass, production, etc 73 Paper, production, etc.^ 62 Conveyances, real estate 65 Copper, exports, prices, production, etc .... 49 Copra oil (or coconut) production, consumption, and stocks 82 Corn: Production (crop estimate) 84 Receipts, grindings, exports, etc_ 86 Corporations: Dividend payments and failures- 129 New security issues and incorporations 127, 128 Profits and stockholders 130 Stock and bond prices 125, 126 Costs, living, indexes 29 Costs, building construction 65 Cotton: Consumption, receipts, exports, etc 33 Prices 29, 32 'Cotton fabrics: Cloth, exports 34 Consumption by tire manufacturers 57 Fine goods, production 34 Prices, wholesale 32 Production, stocks, and unfilled orders 35 Cotton finishing, billings, shipments, etc 34 Cotton mills: Dividends and spindle activity- _ 34 Stock prices, southern mills 126 'Cotton yarns, wholesale prices 32 Cottonseed and products 80 Credit: Bank 124 Conditions by trades 120 Farm .. 127 Crops: Cotton, production 33 Food, production and value 84 Marketings, index numbers 26 Price indexes 28 Tobacco, production 97 Cuba, sugar movement 95 Customs, receipts 125 Dairy products: Butter and cheese 94 Milk 92, 93 Price indexes 29 Debits to individual accounts 124 125 Debt, United States Government Delaware, employment and earnings. 106 Faucets, brass, orders and shipments. 49 Delinquent accounts, electrical trade, 75 etc 120 Federal-aid highways completed Federal farm-loan and intermediate Department stores, sales and stocks, credit banks, loans 127 indexes 116, 117 Deposits, bank and savings 124, 125 Federal reserve banks and member banks, condition 124 Detroit, employment 106 Dividends, payments 34, 129 Federal reserve districts: Chain-store sales 112, 113 Douglas fir lumber, production, shipDepartment-store trade index ments, orders, etc 67 numbers 116, 117 Drugs: Wholesale trade index numPrice indexes 28, 79 bers 118,119 Sales, chain stores 112, 113, 115 Wholesale trade 118 Felt, roofing, production and stocks. 71 Fertilizer, exports, consumption, Dry goods: etc 79 Prices, wholesale 32 Wholesale trade 120 Fiber, vulcanized, sales and consumption 50 Dun's, price index 28 36 Dyes and dyestuffs, exports 78 Fibers, imports Finance: Advertising, national, in newsEarnings: papers 72 Corporations, classified 130 Banking 124,125 Labor 108,110 Government 125 Public utilities 104 Securities 126, 127, 128 Railroads and express companies. 100 63 United States Steel Corporation. 39 Fine paper Finishing, cotton .34 Eggs, receipts and cold-storage holdings 94 Fire-extinguishing equipment, shipments 47 Elastic webbing, sales 36 65 Electric locomotives, shipments-. 47, 101 Fire losses Fish, catch and cold-storage holdings. 96 Electric power: Fuel consumption 37, 55, Fish oil, production, consumption and stocks 83 Production and sales 104 Flaxseed, receipts, shipments, stocks, Electric washing machines, shipetc 81 ments 44 Flooring: Electric trucks and tractors, shipProduction, shipments, etc 70 ments 47 Price, southern pine and DougElectrical products (motors, porlas fir 67 celain, etc.) 50 Electrical trade, delinquent accounts. 120 Floor and wall tile, production, shipments, etc 74 Emigration 98 Flour, wheat, production, consumpEmployment: tion, stocks, etc 85 Agencies, State and municipal. _ 107 Factory, mines, railroads, etc. 105, 106 Food: Advertising, national, in newsTime 109,110 papers 72 Enameled ware 48 Earnings, manufacturers 130 Engines, internal-combustion, patExports and imports 134 ents granted 45 Factory employment, index 105 England. (See United Kingdom.) Pay-roll index, factories 109 Equipment: Prices indexes 28, 29 Agricultural, shipments 45 Fire-extinguishing, shipments__ 47 Stock indexes 27 Time operations, factories 110 Foundry, orders, shipments, etc 45 Foreign bonds, prices and issues. 126, 128 Foreign-exchange rates 131 Railway, orders, shipments, 130 etc _ - 101,103 Foreign stockholders Essential oils, wholesale-price index. 79 Foreign trade: Canadian exports and imports 131 Ethyl alcohol 77 United States exports 133, 134 Expenditures, United States GovUnited States imports 132, 134 ernment 125 Vessels in United States ports 98 Exports. (See Foreign trade and InForest products: dividual commodities.) Car loadings 102 Explosives, production, shipments, Production, index numbers 26 stocks and sales 78 Express, earnings 100 Foundry equipment, orders, sales, and shipments 45 Fabricated steel 40 Foundry iron, meltings, prices, etc. 38, 43 Fabrics, rubber-proofed 57 France: Foreign-exchange rates 131 Face brick, production, shipments, Foreign trade with 132,133 etc 74 Freight cars 102, 103 Factories. (See Manufactures and Freight rates, ocean 98 Industrial corporations.) Failures, business 129 Fruits: Farm prices 29 Fall River, textile-mill dividends 34 Shipments, car-lot 88 Farm implements 45,47 Farm loans and mortgages 123, 127 Fuel: Consumption, production, etc _ _ 39, Farm products: 53, 54, 55, 104 Price indexes 28, 29 Cost of, index numbers 28,29 Production indexes 28 36 Farm wages 107 Fur, sales 28 Fats, animal, grease and derivatives. 83 Furnishings, house, price index 141 GENERAL INDEX—Continued Page numbers refer to data in detailed tables (pp. 26-134) 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 Leather—Continued. Illuminating glassware, production, Furniture: Pay-roll index 109 Household 71 shipments, stocks, etc 73 Products (shoes, gloves, and Steel, office 40 Immigration 98 belting) 60 Imports. (See Foreign trade and InLeather, artificial, shipments, etc 36 Galvanized metal ware 52 dividual commodities.) 122, 123 Gas and electric companies, earnings Incorporations, new 127 Life insurance 29 (see also Public utilities) 104 Indebtedness, wholesale trade 120 Light, cost of, index number Linseed oil and cake 81 Gas and fuel oils, consumption, proIndia. (See British India.) Livestock: duction, stocks and prices 55 Industrials. (See Manufactures and Loadings 102 Gasoline, consumption, exports, price, Corporations.) Marketings, indexes 26 production, stocks, etc^ 54 Instruments, musical: Price to farmers, indexes 29 Gelatin, edible, production and stocks 83 Advertising, national, in newsGeneral Motors Corporation, sales __ 46 Receipts, shipments, prices, and papers 72 Germany, foreign trade with 132, 133 slaughter •_ 89 Band, shipments 52 Ginnings, cotton 33 Insurance, life 29 122, 123 Living, cost of Glass, production, etc 73 Interest, rates and payments 102 125, Loadings, freight cars Gloves and glove leather 60 Investments: 126,128,129 Loans: Glues, animal, production and stocks. 83 Agricultural 123, 127 Banks 127 Gold, receipts, exports, imports and Bank 124 Life-insurance companies 123 Rand output 121 Brokers 125 Iron and steel: Government, Canadian, bond issues- 127 Life-insurance policies 123 Barrels and drums 41 Government, United States: Locomotives, exports, shipments, Boilers and radiators, cast-iron_ _ 43 Bonds, prices, holdings, etc 123, etc 47, 101 Castings, malleable, steel and 126, 127 Logs, walnut 69 track-work 42 Employment in Washington 105 Losses: Earnings, manufacturers' 39, 130 Finances, debt, etc 125 Business 129 Employment index 105 Postal business 111, 125 Fire 65 Enameled sanitary ware 48 Grains: Ships 98 Exports and imports 40 Exports, receipts, prices, etc__ 86, 87 Lubricating oil, production, stocks, Fabricated steel products 40 Farm-price indexes 29 consumption, and price 55 Foundry iron, meltings, prices, Loadings 102 Lumber: etc 38,43 Production (crop estimates) 84 Employment index i 105 Ingots, steel, production, prices, Grand, F. & W., sales 114 Factory time operations, index_ _ 110 etc 39 Grant, W. T., & Co., sales 114 Pay-roll index 109 Ore shipments, stocks, etc 38 Grease, production, consumption, and Production, a x p o r t s , stocks, Pay-roll index 109 stocks 83 prices, etc 67, 68, 69, 70, 71 Pig-iron production, prices, etc_ _ 38 Great Britain. (See United KingRailway equipment 101,103,104 dom.) Stores Corporation, sales. _ 114 Sheets, steel 41 McCrory Groceries: Machine tools, new orders 45 Time operations, factory, index Sales, chain stores 112 Machinery, sales, profits, etc_ 44, 45, 130 number 110 Wholesale trade 118 activity: Unfilled orders 27, 39 Machinery Gum lumber, stocks 69 Boxboard and box mills 62 Vessels, construction 98 Textile mills 30, 34, 36 Wages 107 Ham, smoked, prices 90 advertising 111 127, 128 Magazines, Hardware, wholesale trade 119 Issues, new capital Mail-order houses, sales 111 Italy: Hardwood lumber, production, Foreign-exchange rates 131 Malleable castings, production, shipstocks, and shipments 69, 71 ments, and orders 42 Foreign trade with 132, 133 Harness leather 59 Manufactures: Hartman Corporation, sales 115 Japan: Earnings and stockholders 130 Hay: Foreign-exchange rates 131 Employment index 105, 106 Production (crop estimate) 84 Foreign trade with 132, 133 Exports and imports 134 Receipts 88 Joint-stock land banks, loans 127 Failures and dividend payments _ 129 Headings, barrel 72 Joplin district, lead and zinc shipPay-roll payments 106, 109 Heels, rubber, production, shipments, ments 51 Production, index numbers 26 etc 57 Securities issued, prices, etc 125, Kerosene oil, production, consumpHemlock, northern, lumber 68 126, 128 tion, stocks, etc 54 Hides and skins, imports, prices, Stocks on hand, index numbers_ _ 27 Knit underwear, production, shipstocks 58 Time operations 109, 110 ments, etc 31 Highways, construction 75 Maple flooring, production, shipKresge, S. S., Co., sales 114 Hogs, prices, receipts, shipments, and ments, stocks, etc 70 114 slaughter 89 Kress, S. H., & Co., sales Massachusetts, e m p l o y m e n t and Hoists, electric 50 Labels, paper, orders 64 earnings 106, 108 Hosiery, production, stocks, etc 31 Labor: Meats: Hotels: Earnings 107, 108 Farm prices 29 Advertising 72 Employment 106 Production, cold-storage holdBond issues 128 Time worked 109,110 ings, etc 90, 91 Hours, factory operations 30, Lamb, production, stocks, etc 91 Wholesale trade 120 34, 36, 109, 110 Lambs, shipments and slaughter 89 Merchandise, car loadings 102 Household: Lard compounds and substitutes 83 Metals and minerals (see also InEnameled ware, activity 48 Lard, production, exports, etc 90 dividual commodities): Furnishings, price indexes 28 Lath, northern pine 68 Earnings, corporations 130 Furniture, advertising, shipLavatories, enamel, shipments, orEmployment index 105 ments; etc _ _ , 71, 72 ders, etc 48 Pay-roll index 109 Housing: Lead, production, prices, etc 51 Price indexes 28 Construction 66 Leather: Production indexes 26 Cost of, index numbers 29, 65 Employment index 105 Time operations, factory, index Rental advertisements 65 Factory time operations, innumber 110 dex 105,110 Methanol, production, shipments, exIce cream, production 93 Glove, production and stocks__ 60 ports, stocks, price 76, 77 Illinois, employment and earnings 106, Sole, upper, harness and skivers, Metropolitan Stores Corporation, production, etc 59 108 sales 114 142 GENERAL INDEX—Continued Page numbers refer to data in detailed tables (pp. 26-134) 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 Page Mexico: Oil wells completed 53 Poultry: Receipts and cold-storage holdPetroleum, shipments and stocks. 53 Oleomargarine: Silver, production 121 Production and consumption 80 ings 96 Price index (with dairy prodMilk, receipts, production, exports, Consumption of chief ingrediucts) _ _ _ _ 29 etc 92, 93 ents 80,82,93 88 Power, electric: Minerals,production, index numbers. 26 Onions, car-lot shipments Fuel consumption 37, 55 Minneapolis: Orders, new. (See Individual comProduction 104 Linseed oil and cake, shipments. 81 modities.) Switching equipment 50 Milk, production 93 Orders, unfilled, index (see also In122 Rental advertisements 65 dividual commodities) 27 Premiums, life insurance Prices: Mississippi River, cargo traffic 99 Ore: Brick and cement 74, 75 Money in circulation 125 Iron, shipments 38 Coal and coke 37,39 Money orders, postal 111 Lead and zinc, shipments 51 Coffee and tea 96 Monongahela River, cargo traffic 99 Total, car loadings 102 Dairy products 29, 92, 94 Mortgages: Outlet boxes, electrical 50 Drugs, chemicals, and oils. 76, 80, 81 Held by farm banks, etc 127 Owl Drug Co., sales 115 Grains and flour 29, 85, 86, 87 Held by life-insurance comHides and leather 58, 59, 60 panies 123 Panama Canal, traffic 99 Iron and steel 38, 39,41 Issued for real estate, bonds 128 Paper: Lumber 67,70 Motors, electric 50 Book, fine, wrapping, etc 63 Meats and livestock... 29, 89, 90, 91 Municipal bonds, new issues and Boxboard and boxes 62 Naval stores 78 yields 126, 127 Employment index 105 Nonferrous metals 49, 51 Music, sales, chain stores 112, 113 Newsprint, production, etc 61 Petroleum products 53, 54, 55 Naval stores, receipts and stocks. _ 77, 78 Pay-roll index 109 Plumbing fixtures 49 Netherlands, foreign exchange rates. 131 Pulp and paper products 64 . Rubber 56 New Bedford, textile-mill dividends. 34 Time operations, index numSilver 121 New Jersey, employment and earnber 105,110 Sugar 95 ings 106, 108 Waste, consumption, and stocks. 62 Textiles 28, 32 New Orleans: Parks, national, visitors 100 Tobacco 97 Rice shipments 88 Passengers, railroad and Pullman 100 Price indexes (see also Prices): Sugar receipts, domestic crop 95 Passenger automobiles, production, Building and construction costs. 65 Newspapers, advertising 72, 111 exports, etc 46, 47 Farm 1 29 Newsprint paper, exports, prices, Passenger cars, railroad, orders, shipRetail 29 production, etc 61 ments, etc 103 Stocks and bonds 125,126 New York City: Passports, issued 98 Wholesale, classified 28 Bank clearings and debits 124 Patents, granted 45 Printing: \ Loans to brokers and discount Pavements, concrete, c o n t r a c t s Activity 61 rates 125 awarded 75 Employment 105 Milk receipts 93 Paving brick, production, shipments, Pay-roll index 109 New York State: stocks, etc 75 Profits. (See Earnings.) Canal traffic 99 Payments, check 124 Production, index (see also Individual Employment and earnings. _ 106, 108 Payments, dividend and interest 129 commodities) 26 Savings banks, deposits 125 Pay roll, factories 106, 109 Public finance 125 New York Stock Exchange: Pennsylvania, employment and earnPublic utilities: Loans to members of 125 ings 106, 108 Bonds, prices, issues, holdings, Security sales 126 Pennsylvania Railroad Co., stocketc 123,126,128 Nitrate of soda, imports and producholders 130 Contracts awarded 66 tion 79 Penney, J. C. & Co., sales 115 Dividends, earnings, etc 104, Nonferrous metals: 129, 130 Employment index 105 Petroleum: 61 Capital issues 128 Publishing, book, newspaper, etc Production, prices, etc 49, 51 Crude, products, etc 53 Pullman, passengers carried and operPay-roll index 109 ations 100 Earnings 130 Time operations, index 110 64 Refined products 54, 55 Pulp wood North Carolina pine lumber, produc44 products, laminated 50 Pumps, shipments, etc tion and shipments 67 Phenolic 36 Philadelphia, milk receipts 93 Pyroxylin-coated textiles Northern hardwoods, production and acid, production, conshipments 71 Phosphate, sumption, and stocks 79 Radiators, cast-iron, production, Northern hemlock and pine lumber, shipments, etc 43 Piano, benches, and stools 71 production, shipments, etc 68 Pig-iron prices, production, etc 38 Railroads: Advertising in newspapers 72 Oak: Pine lumber, production, etc 67, 68 Dividend payments 129 Flooring, production, shipments, Pine oil, production and stocks 77 Employment 105 stocks, etc 70 Plate glass, production 73 Equipment 101, 103 Lumber, stocks and unfilled Plumbing fixtures: Financial operations 100,130 orders 69 Enameled sanitary ware 48 Freight-car movement and Oats: Price index and sales, tubular. _ 49 traffic 100,102 Exports, price, receipts, etc 87 Vitreous china, shipments, etc.. 73 Fuel consumption 37, 55 Production (crop estimate) 84 Plywood, bookings, shipments, etc__ 72 Securities 123, 126, 128, 130 Ocean transportation 98 Policies, life insurance 123 Railways, and street 104, 129 Offal, grain, production 85 Porcelain, electric, shipments 50 Rand, goldelectric output 121 Ohio: Pork products, production exports, materials: Foundry, iron, stocks, receipts, consumption, holdings, etc 90 Raw Exports and imports. 134 etc 43 Price indexes 28 Employment in construction 105 Portland, Oreg., rental advertisements 65 Production indexes 26 Ohio River, cargo traffic 99 Postal receipts and money orders__ 111 Stock indexes 27 Oil: 125 Real estate: Essential, wholesale price index._ 79 Postal savings Potash, imports 79 Conveyances 65 Petroleum and products 53, Bond issues 128 54, 55, 128, 130 Potatoes: Car-lot shipments 88 Receipts, United States GovernPine 77 Production (crop estimate) 84 ment 111, 125 Vegetable and fish 80, 81, 82, 83 143 GENERAL INDEX—Continued Page numbers refer to data in detailed tables (pp. 26-134) 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 Page Page Tin, deliveries, imports, prices, and Refining: Shoes—Continued. stocks 51 Sales, chain stores 112, 113 Methanol 77 Petroleum 54, 55 Wholesale trade 119 Tires, production, stocks, and shipSugar 95 Silk, raw: ments 57 Vegetable oils 80, 82 Tobacco: Consumption, imports, stocks, Advertising, national, in newsReflectors, sales 50 etc 36 papers 72 Registrations, automobiles 47 Prices 32 Employment index 105 Rent: Silver, exports, imports, production, Pay-roll index 109 Advertisements 65 and prices 121 Production, exports, prices, Cost of 29 Silver, Isaac & Bros., sales 115 Reserves, bank 124 Sinks, enameled stocks, etc 97 48 Time operations, factories 110 Restaurants, sales 115 Skivers, production 59 Toilet articles, advertising in newsRetail prices: Soda, nitrate of, production and papers 72 Coal. 37 imports 79 Tools, machine, new orders 45 Food and coal indexes 29 Southern pine lumber, production, Sugar 95 42 shipments, etc 67 Trackwork, steel 47 Retail trade: Steam naval stores 77 Tractors, electric industrial Chain stores 112, 113, 114, 115 Steel (see also Iron and Steel). Trade: Business failures 129 Department stores 116 Barrels and drums 41 Canadian foreign 131 Gasoline and kerosene 54 Castings 42 Foreign, United States. 132, 133, 134 Lumber 70 Earnings 39,130 Mail-order 111 Retail 111, Exports and imports 40 112, 113, 114, 115, 116, 117 Rice: Fabricated products 40 Exports, imports, receipts, shipWholesale . _ _ - 118, 119, 120 Ingots, prices, etc 39 Trucks: ments, and stocks 88 Sheets, production, shipments _ _ 41 Automobile, production 46 Production (crop estimate) 84 Unfilled orders 27,39 Rivers, cargo traffic 99 Electric industrial, shipments 47 Wages 107 Tubular plumbing, sales Roads, construction 75 49 130 Turpentine, receipts, prices, and Roofing, production and stocks 71 Stockholders, corporations Rope paper sacks, shipments 64 Stocks, commodity, index numbers stocks 77, 78 (see also Individual commodities) _ 27 Rosin, receipts, stocks, etc 77, 78 Stocks, corporation: Underwear, knit, production, etc 31 Rubber, consumption, imports, prices, New issues 127, 128 Unfilled orders, index (see also Indietc 56 Prices and sales 125,126 Rubber products, production, etc 57 vidual commodities) 27 Stokers, mechanical, sales 45 Unions, trade, employment in CanRye: Exports, price, receipts and ada 106 Stone, clay, and glass products: stocks 87 115 Employment index 105 United Cigar Stores Co., sales Production (crop estimate) 84 Pay-roll index 109 United Kingdom: Fire losses 65 Production, etc 73, 74, 75 Foreign-exchange rates 131 St. Lawrence Canal, traffic 99 Time operations, factory, index Sacks, rope paper, shipments 64 Foreign trade with 132, 133 number 110 Sales: Tea stocks 96 Stools, piano 71 Chain stores 112, 113, 114, 115 Stores, retail, sales 112, United States Government. (See Department stores 116 Government, United States.) 113, 114, 115, 116, 117 Factory. (See Individual comStructural steel, fabricated 40 United States Steel Corporation: modities.) Earnings and unfilled orders 39 traffic 99 Mail-order houses 111 Suez Canal, Stockholders 130 meltings, stocks, receipts, etc. 95 Wholesale, by districts. 118,119,120 Sugar, Wage rates 107 acid, price and exports 79 Sales books, shipments and orders 61 Sulphuric 51. Sweden, foreign exchange rates 131 Utah, lead shipments Salmon, canned, shipments and Utilities, public. (See Public UtiliCanadian exports 96 Switzerland, foreign exchange rates. _ 131 ties.) Sanitary ware, orders, shipments, securities 127 and stocks 46 Tax-exempt cleaners, sales 44 Tea, imports, stocks, prices 96 Vacuum Vegetables, car-lot shipments 88 Sault Ste. Marie Canal, cargo and telephone companies: traffic 99 Telegraph Pi^evenue and earnings 104, 130 Vegetable oils, production, stocks, Savings deposits 125 etc 80, 81, 82 Stockholders, American TeleSchulte, A. (Inc.), sales 115 phone & Telegraph Co 130 Vehicles (see also Automobiles, ShipSears, Roebuck & Co., sales 111 Ten-cent ping, and Railroads): stores, sales 112, 113, 114 Securities: Employment, index number 105 74 Held by life-insurance companies. 123 Terra cotta, bookings Pay-roll, index number 109 Newissues___ 127,128 Textiles: Time operations, factory, index Burlap and fibers . 36 Prices and sales 125, 126 number 110 Clothing 28, 29, 31 Veneer, rotary-cut Tax-exempt, outstanding... 127 72 Cotton 32 Vessels. (See Shipping.) Sheep, receipts, shipments, prices, Cotton manufactures 34, 35 Vitreous china, plumbing and slaughter 89 fixtures 73 Employment index 105 Vulcanized fiber, sales and consumpSheet-metal ware, galvanized 52 Hosiery and knit underwaer 31 Sheets, steel 41 tion 50 Machinery activity 30, 34, 36 Shelter, prices of, index numbers 29 Mill dividends and stock Shelving, steel, shipments, etc 40 Wages, factory, etc 107, 108 prices 34,126 Waldorf System, restaurant sales Shipments. (See Individual com115 Pay-roll index 109 Walnut, lumber and logs modities.) 69 Prices, wholesale 32 War Finance Corporation, loans Shipping: 127 Silk 32, 36 Ward, Montgomery, & Co Fuel consumption 37, 55 111 Time operations, factories 110 Washington, D. C., Government emOcean and construction 98 Webbing, elastic 36 River and canal cargo traffic 99 ployment in 105 Wholesalers, credit conditions __ 120 Washing machines, electric, sales Security issues 128 44 Wool 30,32 Water power, electric energy proShoes: Advertising in newspapers 72 Thompson, J. R. Co., restaurant duced 104 115 Water softeners and systems, orders, Production, prices, exports, etc.- 60 Rubber heels, production, shipTile, production, stocks, prices, and shipments, and stocks 44 ments, etc 57 shipments 74 Wax, production, stocks 55 144 GENERAL INDEX—Continued Page numbers refer to data in detailed tables (pp. 26-134) 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 Page Page vj^jva, v^vjiiC! consumption u.ii-i|_» tiiv^-L-i aiii^j. and Dt'W^rusj stocks Worsted yarn, wholesale price 32 Webbing, elastic, sales 36 Wood, 63 chemical plants 76, 77 Wrapping paper Welland Canal, traffic 99 Wells, oil, completed 53 Wood furniture 71 Western pine lumber, production, Wood pulp 64 Yarns, cotton and worsted, wholeshipments, and stocks 68 sale prices ._ 32 Wheat and wheat flour 84, 85, 86 Wool: Prices, wholesale 32 Yields, bonds 126, 128 Wholesale price indexes 28,29 Receipts, imports, consumpYoungstown District, steel workers' Wholesale trade: tion, stocks, etc 30 wages 107 Credit conditions 120 114 Price indexes 28 Woolworth, F. W., & Co., sales Zinc, prices, production, stocks, etc__ 51 Sales 118, 119, 128 Work clothing, cut, shipments, returned stocks 31 Wisconsin, employment and earn107 ings 106, 100 Workers, registered OF TfljE DE!»AETMENT OF COMMERCE '*-* *$\JB&cetf& pubM^ationg 'oi the^6epartnienti of Commerce having the most direct interest to Dreaders of the SUEVEY of CTIBRENT ;ll£T|8i#B$&^efe may be obtained by addressing the Division of Publie&^ns^ Department of Com* 1 ineorce^tWai^iington.A *Copiespf ifoe^pubft cations m^y be purdhasedtrom the Superintendent of Documents, t^overnment Printing t • r 'I '/-\jsc-i MrtT— _/u!;.:.LJb^r*» ^A.a.i~v ~—i jriLf-,'/i--,ji'~ J' " TJP; ~^ ^_:^1 i~ «^^«,-t-r^*»^^» x*i— «i..i_i;^.I.j.« JT fjr '.. i . no. price is mentioned, the publications are _ii..x_^»'tl_il_ distributed'free. V'v..,- . • : * - ^. --^!^SW^^^A^ .r""'V ~l t^'?^'^^ ^ecMve, December 81,' 1926. l-y-A'^ trli^F^S ,6$g€birr -fftese ^© ^ie regulations promulgated by( the .,-;_fcAA£i'.. «_fi.-i: ^-xt^^.^^^^^p^^^ t]fre^turementf in'operai^lon, of Alaska. s Itatber; Opp^unities for Use Constructing Small Houses and v_ *, jr'_ _l'"_a.__'JOLS^l- f j—.ii.'-^—i^L^iJ. __ ^« p^ ' bf wttoni world's_i?proid^ibtion, eont- . - \, «r -* '» - 4 ' .£•««.%' - */h ," .'•"*•. . l &fl7tUBft'-Jitf-1ttK *»f*-iy* f^'r"..»t ~&t. f<ei^.£** > t Delates ^:|^TOer$(t%i''pen . N -' ^fto.ws 4$&i&& ^Mitiolng , in the ' ,- Beview of LiCeratitte Delating to .Criacal Constants;. of Various jGases, by S. F. Pickering. - Bcientific Paper No. 5^1. (I'rom Scientife Papers^ vol. 21, pp. ^07-629.)' Price, 15$. / / High Silicon Sfcuctttrai Steel, by H. W.,ainett. Technqlogic "Po'-r^oiV 'S'Q'I ^ 'J<From '-/TJWvrri " T £krt>«-»-./ il^/»4/* "0o-*-\£vt«s Paper *tW"A Jf6lf ^3lV ^cjinc^pgie Pabers,'. -wWl vol. Ol 21, »>*^ pp., 121-1,43, 10 illustrations.) In fljis papei;'are described tnevtests ma'<ie at; thelbuVeaii with steel made %?> a new {German proee'ss^ x -Price lS^.*- v J " "" "v / > ' * " ^ -^ ^ '/ * ' ; ssioti of Sound TK^ottkli Voi<ie /Tubes, by E. 4. . , V.;L. . . OhriBlerj P.. P.. QiXaylejrjr M,, J.. Evans,, with,, note on Absorption ^f Bound in plgid Pipes^ b^y Edgar BueMngh$ra. 'Tjechpologie, Paper No, ^S3. (Fronn T^dhnqlogip Papers, vol^ illt^trations, l^plate.) >^i^ ,,pdp«r \^ye$ 21, j>p. >p." 163-193,^14 illttrations, pie restilts of investigations c^-the'tran^mlssion( of sound through r voice tub^ofvthe kin^l used qn board sMps, .^ Price, 150. ; Uilited St^te^ Goreriimerit Master ; Spec?ficadons.— -The$e > , sp^cMcations for tiie; piircliase bf .material for tke ttae of Government departments ate issued as circulars of the: Bureau of Standards., Those' listed ijel6w( by ^circular number may <b,e ' " ' - " ' "''"- ' ~ -* ' ' ' •r 1 s v \f ecimical ^[ews Bulletin, to^auy, ^?19^7; f S pages. monthly pufelieation <K>ntains item$, d^s4cM{>j[ng the laboratory \ .activities of the biirjs^u and a>Mst of publications issued during ^ie preceding mqnjih. Annual ^ ,. ..ir_rr ^_^^._ftfte%^4^&^ ; >' on .mineral resoui?ces ^re!Issued in iiolormc b|«e^arate bulletins, of, wjifoh thefollowfhg have\beeii r(eleased%inc,e^,the:. January^ ^ s^uneement and may be obtained s&t^6^«eaphr,,! , / "' ,(Pt 1 Oold^"S&^r, ^Copper,~Lje&i, aiid Ztod io ,Ne^ S^xiei,atod* l5exas in 1921 J of 'oilier, agencies for ^^ ____ , ,1 fcaa and f&rm= , prQpt|fcty au^j^ ^ t Mineral ge^our^es of the United Sia4^, ;1925. The follow- ^ mg reports have been release^(since the1 January announcement. and may. be obtained yat the pride indicated;", , ' ~ ~ tterlials ki'1,925. (Pt.*'H* pt>.4TJfi79.) Price, 5«i.1 . - - - - - 726. v (Pt, II, p||i I09fll60 , v ^Price, 6^. , ^y. i^/~14X.y Price, 6#. ,' v , , r in 8outh D^:ot& ai^df Wyoming in 1925. (Ft. I, , Q^ld, Silver, f " k 165-170.)^ Price, ^ , >/ ., ' , and Salts in 1925; ) (Ft;4ppa4^156.) irts,bi itr%^ 1925, ,wi^n the ~]P^tgr X a^d JQL Pari^ '! ^contains and* i£*ports ,by Mica in 1§2^., <Pf» , 181-193.) .Pricfe. 5^.' (Pt, II, S^lfc, Bromifte,4 and jG^Jdnni Chlgri Talc and Soapstone ina«. (Pt/II, pp. ^ ^ .IP^rf. il Jsdistaito ^ums^aries, of , J[a^?a^"a^d IPor^o Bicq. IB India 7a for s^fyiiig ^Ipmentg lj^^, s, / 6e!oin J. W, ^ Organic Consent of Lake Waier^ by ISdward A; Bir^o and ; Qhince^ Juday. Document No, 1010., (From Bulletin of tfre> Bureau of ^ Fisheries, vol. iii, 19^6, pp. ,185-20^!) A bibliography is ijicluxied.' Price, 10^. ' s;," " ,. ^ * * s of Tw® TSew Species of JFislres front Key We^t, i ,j*la.» with nptes-on nine othor species collected in samojlocality, ^ « by Saniuel F- Hildebrand and, .Isaac Ginsbufg.'. Document Ko. H>13. (From .Bulletin of the Bureau,of ^heries, vo}. xh% X920} pp; ^67-215, 1 illustration, 2 plates.) Price, 10f , BUK6ATJ OF N^VIOATION d tbe «iare ol ^, ^\-^>ttw*^ Farmltr^ -• , ^.r^ ^7 «• • •r^^.w .1.—.rf»y» > > American- Boeomeftted Seagofng %^I^| of 1^0 Crro^sfons , and Ovfer, Jajiitsiry^'lO^,, ii+6S p^ges£ Published monthly. Bingl^ copies, 10$; annual subscription,; 7S^.- ' , , T Radio Service Btaietin, December*;i'92S»l SGjtfages, Published monthly in the^interest ofvradio; ^rvice.tf Contain^, lista^ ^ of radio' Stations, a; chronology o| imp6rtaint events lns 'Yadi^ J 1 v f --^- -^—--^^ andta fist of preferences to <?uirenjb radio Htemifcmr0. s^RVicje L* I -, * •{ ' ' ^J - ' \ * < ' - ' ' ' " ' ' vf ^^^•^^^^(W^ r io N to navigatioti United Slate^ W fy& Mfssisajf)pi Jti|rei; of ^he Missouri Bivcar and oil the Red Biver. WECKLY ADVANCE REPRINTS