Full text of Survey of Current Business : February 1928
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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON
SURVEY OF
CURRENT BUSINESS
FEBRUARY, 1928
No. 78
COMPILEPBY
.•
;
BUREAU OF THE CENSUS
IN COOPERATION WITH
v.
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
1
'•
J
-*
"'
,
A N D
BUREAU OF STANDARDS
IMPORTANT HOTICE
In addition to figures gtoen 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 noteft in the "Sources of Data9* on p>ages 139-142 of the present issue
Subscription price of the SURVEY OF CURRENT BUSINESS is j$JL5CTa year; single copies (monthly), 10 cents, semiannual
issues, 25 cents. Foreign subscriptions^ JS2.25; single copies (monthly issues), including postage, 14 cents; semiannual
issues, 36 cents. Subscription price of COMMERCE REPORTS i$ $4 a year; with the SURVEY, #5.50 a year. Make
remittances only to Superintendent of Documents, Washington, D . C , by postal money order,,express,order, or New
York draft* Currency it sender's risk. Postage stamps or foreign money not acpepted ,
„ ^
• .,
U . S . «O¥EBNIIENT PR1MTIMS OFFICE: 1928
',
:
/
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 and industry. At semiannual intervals detailed tables are published giving, for each item,
monthly figures for tihe 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
Tables 1 to 115). In the intervening months the
more important comparisons only are given in the
table entitled "Trend of business movements/1
WEEKLY SUPPLEMENT
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 supplements every week to
subscribers in the United States. The supplements are
usually mailed on Saturdays and give such information
as has been received during the week ending on the
preceding Tuesday. The information contained in
these bulletins is republished in the monthly SURVEY.
which is distributed as quickly as it can be completed
and printed.
BASIC DATA
Thefiguresreported in the accompanying tables are
very largely those already iji existence. The chief
function of the department is to bring together these
data which, if available at all, are scattered in hundreds of different publications. A portion of these
data are collected by Government departments, other
figures ate compiled by technical journals, and still
others are reported by trade associations,
RELATIVE NUMBERS
ment 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
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 as a whole, instead of for
the single commodity or industry which the relative
number covers. Comparisons with the base year or
with other periods are made in the same manner as in
the case of relative numbers.
RATIO CHARTS
In many instances the charts used in the SURVEY
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 slppe of one curve and that of any other
curve regardless of its location on the diagram; that
is, a 10 per cent increase in an item is given the same
vertical movement whether its curve is near the bottom or near the top of the chart. The difference
between this and the ordinary arithmetic form of
chart can be made dear 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) scale this item would rise only 5
equidistant points, whereas the previous item rose 40
points, yet each showed the same percentage increase.
The ratio charts avoid 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.
RECORD BOOK
OP CURRENT BUSINESS
To facilitate comparison between different important items and to chart series expressed in different
units, relative numbers (often called "index numbers, a term referring more particularly to a special
kind of number described below) have been calculated.
In computing these relative numbers the last prewar year, 191#, or the first postwar year, 1919, have
usually been used as a base equal to 100 wherever
As an aid to readers in comparing present data
possible. More lately the average for 1923-1925 has
with monthly statistics in previous years, the departbeen frequently taken as 100.
The relative numbers are computed by allowing the ment is compiling a RECORD BOOK OF BUSINESS
monthly average for the base year or period to equal STATISTICS, in which data now carried in the SURVEY
100. If the movement for a current month is greater OF CURRENT BUSINESS are shown by, months as far
than the base, the relative number will be greater than back as 1909, if available. Full descriptions of the
100, and vice versa. The difference between 100 and figures and reports of how the data are used in actual
the relative number will give at once the per cent practice by businessfirmsare contained in the RECORD
increase or decrease compared with the base period. BOOK. Thefirstsection, covering textiles, has already
Thus a relative number of 115 means an increase of 15 been issued and may be obtained for 10 cents per
per cent over the base period, while a relative number copy from the Superintendent of Documents, Govern*
ment Printing,Office, Washington, £>. C, (Do not
of 80 means a decrease of 20 per cent from the base.
Relative numbers may also be used to calculate the send sttops.) Notices of other sections will be
approximate percentage increase or decrease in a move- given in the SUBVEY as tlxey are issued.
This issue presents practically complete data for the month of December and also items covering the early weeks of
January received up to January 28. (See charts and table, pp. 4 and £,) As most data covering a particular months'
business are not available until from IS to $0 days after the close ofthemonth* a complete picture of that month's
operations can not be presented at an early date, but the weekly supplements give every week the latest data available*
UNITED STATES DEPARTMENT OF COMMERCE
SURVEY OF
CURRENT BUSINESS
COMPILED BY
BUREAU OF THE CENSUS
IN COOPERATION WITH
BUREAU OF FOREIGN AND DOMESTIC COMMERCE AND BUREAU OF STANDARDS
WASHINGTON
No. 78
February, 1928
CONTENTS
SUMMARIES
INDEX BY SUBJECTS
Page
Preliminary summary for January
1
Review of commerce and industry in 1927
11
Monthly business indicators (table and chart)
2, 3
Weekly business indicators (table and chart)
4, 5
Wholesale prices (table and charts)
6, 7, 13
Semiannual statistical summary of commerce and industry
_
8, 9
Indexes of business:
Text and chart
12
Detailed indexes of production
22
Automobiles, building, mining, manufacturing, electric
power, and transportation (charts)
10
Forecast of prospective carloadings, first quarter of 1928.
20
Special long-time monthly data on tax-exempt securities,
refined sugar, and G. C. Murphy Co.'s sales
23
Sources of data
139
Index.
143
Textiles
Metals and metal productsFuels
Automobiles
Rubber
Hides and leather
Paper and printing
Building construction and housing
Lumber products
Stone, clay, and glass products
Chemicals and oils
Foodstuffs and tobacco
Transportation and public utilities
Employment and wages
:
Distribution movement (trade, advertising,
etc.)
Banking, finance, and insurance
Foreign exchange and trade, gold and silver
Text
page
Table
page
14
15
16
16
16
16
16
17
17
17
17
18
19
13
28
36
35, 52
50
55
58
61
66
68
74
78
87
101
108
19
19
19
115
124
134
PRELIMINARY SUMMARY FOR JANUARY
Measured by the volume of checks passing through
the banks for payment, business during the early
weeks of January was running in advance of both
the previous month and the corresponding month of
1927. The volume of goods moving through primary
channels, as seen from figures on carloadings, however,
was smaller than last year, the principal declines
occurring in loadings of minerals and agricultural
products. The value of new building contracts
awarded during the early weeks of January showed
lower volume than a year ago. Employment in
factories of Detroit, largely indicative of the automobile situation, was greater than in either the previous month or January, 1927. The output of crude
petroleum, for the first time in months, showed a
decline from the previous year. Lumber production
was running smaller than in the previous month, but
averaged higher than a year ago. The production of
bituminous coal was running higher than in December
but was lower than last year.
80484°—28
1
(1)
Wholesale prices showed only small change from
the previous month but averaged lower than a year
ago. Loans and discounts of Federal reserve member
banks reached a new high point during the first week
of the month, later receding to the level of the previous
month. The Federal reserve ratio recovered but was
still below the level of a year ago. Prices of stocks
listed on the New York Stock Exchange showed little
change from the previous month but were higher than
last year. Bond prices made similar comparisons.
Loans to brokers and dealers by Federal reserve
member banks in New York City advanced during
the month to the highest point on record.
Interest rates on call loans averaged higher than in
the previous month but were lower than a year ago.
Time-money rates also averaged higher than in December but showed a decline from January, 1927.
Business failures were more numerous than in either
the previous month or the corresponding month of
last year.
MONTHLY BUSINESS INDICATORS, 1920-1927
Ratio charts—see explanations on inside front cover. [The curves on check payments, wholesale trade, sales of mail-order houses and 10-cent chains, and department stores
have been adjusted for normal seasonal variations, and that on manufacturing production for the varying number of working days in the month]
!2Oj-
1923
1924 I 1925 i 1926 I 1927 i 1928
1 1923
1 1924
1 1925
100]
, COTTON CONSUMPTION
, , I , . 1 . , ,, ! , II , , I , , I
I , , I, ,
SALES BY TEN CENT CHAINS
\ . . i > • i i . l i i i i . ) • . i i • I t i i , , ) , , i , , I i . i
BUILDING CONTRACTS (FLOOR SPACE)
60
) I , 1 , , i , • I , , I , . I i 1 I I , 1V, I | , | | , | , , | , , | | ! |
160
100
80
60
50
1923
1924
1925
1926
1927
1928
1923
1924
1925
1926
1927
1928
MONTHLY BUSINESS INDICATORS
The principal business indicators are shown below, all calculated on a comparable basis, the average for the years 1923 to 1925,
inclusive. Thus the table gives a bird's-eye view of the business situation in a concise form, so that trends of the principal indicators
may be seen at a glance. The items formerly shown in the table entitled "Business Summary," usually appearing on page 9 of
previous issues, have been consolidated into this table.
Certain indicators, in which there is a marked seasonal movement, are shown with the average seasonal variations eliminated,
as noted below. In this manner a more understanding month-to-month comparison may be made.
MONTHLY AVERAGE
1923
1926
1927
1924 1925 19261937 Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. | May June ; July Aug. Sept. Oct. Nov. Dec.
1923-1925 monthly average=100
Manufacturing production:
t Total.
Pig iron
Steel ingots
Automobiles
Cement
Lumber (5 species)
Cotton (consumption)
Wool (consumption)
102.3
111.7
104.8
102.1
92.1
98.6
105.9
112.8
Eaw material output:
Total
Animal products
Crops
Forest products
Minerals (all)
Crude petroleum
Bituminous coal
Copper
97.5 102.3
101.0 101.0
92.2 107.0
99.2 97.2
103.1
95.9
99.4 96.9
108.0
92.5
93.3 100.2
94.3
86.7
88.7
90.5
99.8
96.2
89.7
94.6
103.8
101.5
106.4
107.4
108.1
105.2
104.4
92.6
106.9
109.0
113.1
109.2
110.0
101.5
108.5
89.7
104.5
101.0
103.8
87.9
115.3
120.3
97.0
110.2
105.0
113.2
122.9
133.3
105.3
111.2
96.6
100.1
97.8
100. 8
103.6
101.1
103.7
106.4
103.9
98.8
106.2
97. 5
107.8
104.6
109.7
110.2
107.5
101. 3
112.6
94.7
108.6
121.4
99.4
104.9
110.5
111.6
117.8
103.9
133.5
106.2
110.8
103.6
103.0
98.0
108.3 103.4
107.2 100.3
79.6
52.2
114.2
86.4
94.9
84.4
113.8 117.9
100.9 101.0
96.9 105.7
98.4
103.9
108.8 109.4
74.2 94.7
59.4
66.4
78.9 86.0
117.8 115.0
97.9
97.0
111.4 111.9
116.6 114.5
130.1 118.5
122.5 125.7
92.1 113.0
91.6 91.0
135.3 120.6
114.5
92.8
114.7
113.5
116.1
125.5
134.4
101.9
123.3
93.6
127.1 153.7
96.4
96.8
155.9 210.3
98.8 98.4
118.4 125.7
107.2 113.5
111.5 124.2
110.1 113.9
141.5
108.7
180.5
92.7
120.0
113.8
135.9
113.6
120.3
108.8
135.3
87.0
113.8
118.3
131.3
109.8
104.7
96.1
110.4
80.1
111. 6
116.4
130.6
115.5
92.8
85.4
93.2
84.3
104.2
110.6
121.4
104.9
96.8
102.0
84.7
92.2
115.3
122.7
138.1
105.1
82.8
102.7
61.0
94.2
96.6
118.2
79.6
107.8
91.1 88.1
116.1 107.3
63.1 62.6
103.4 101.6
110.2 109.9
124.2 121.4
81.2 84.1
108.6 105.4
90.1
97.7
76.3
94.3
106.8
127.6
77.
99.4
123.2 130.6
112. 2 109.1
128.7
106.3
135.4
96.6
134.1
80.2
121.2
82.6
133.9
132.4
127.9
126.0
131.2
111.6
129.0
118.6
79.5
79.7
77.2
83.0
82.7
79.6
81.5
75.3
81.2
74.4
77.2
72.4
74.3
140.8 139.7
107.0 118.4
219.3 210.7
75.5 83.0
142.5
115.6
196.2
93.1
136.1
115.1
172.1
91.1
111.9 106.6 105.1 105.0 103.4
103.4
98.8 98.6 92.9 93.2
93.5 95.1
91.9 100.4
100.3
80.9
68.2
83.4
100.0
95.9
138.6 140.1 147.4 140.8 138.2
99.9 96.5 107.5 105.8 101.5
119.4
129.1 110.9 123.4 122.
95.0 84.1
98.1 101.6 103.7
93.3
88.6
89.7
42.0
116.3
94.1
121.9
97.8
113.8
97.6
124.4
103.3
117.3
127.1
95.
102.0
138.0 154.3
94.0 102.4
185.5 215.8
101.6
98.0
111.8 115.4
122.3 125.6
96.3 101.0
100.0 104.6
127.5
107.8
157.1
95-
128.6
102.4
133.
110.1
131.
109.1
138.1
115.0
136.7
105.2
72.2
63.9
72.1
65.8
71.5
66.9
65.9
67.0
70.0
67.1
72.4
129.1 134.6 132.8
115.5 118.0 116.9
148.2 124.0 100.3
95.5 85.1
87.77
141.4
121.3
85.8
92.
127.9
87.6
82.7
88.2
90.2
91.1
41.6
96.5
105.9
88.0
109.4
106.9
117.6
86.8
101.7
120.2 120.7
93.3 94.0
103.2 102.:
Power and construction:
Electric power
Building contracts (37 States)
92.9
89.7
98.0
92.7
109.0
117.6
122.5
111.0
132.4
106.8
Unfilled orders:
General index.
U. S. Steel Corporation.--.
121.7
125.8
87.0
83.6
91.3
90.6
84.6
82.1
74.1
71.1
82.2
75.3
Stocks:
* General index
* Manfd. commodities (28)..
Cotton
Copper (refined)
88.9
86.6
102.5
106.4
102.2
104.1
91.4
113.9
108.9
108.6
106.2
73.1
129. 5 139.6
109.4 120.0
145.5 153.2
64.8
85.4
129.8
114.6
117.7
62.0
106.6
96.3
97.2
98.0
94.3
98.3
98.6
97.4
96.9
95.3
97.0
97.4
96.6
95.6
95.0
93.1
97.8
97.1
106.5
98.6
94.9
97.1
94.2
94.2
92.0
91.3
92.0
91.3
90.6
91.3
94.2
94.
95.
101.4
100.
99.7
97.6
97.2
97.6
104.9
99.1
107.6
95.4
103.6
98.8
106.2
98.5
106.9
97.5
108.2
97.0
108.2
95.7
106.2
95.0
104.2
93.7
102.9
92.9
102.9
92.9
103.6
93.0
106.2
93.
102.9
94.4
101.6
95.6
102.9
96.1
104.3
104.
95.9
104.2
137.6
100.0
114.2
140.5
135.1
114.2
141.0
96.0
113.4
125.5
135.
105.9
112.0
130.7
91.0
105.5
114.3
139.5
110.1
128.7
132.1
95.0
110.2
119.9
137.8
106.6
121.2
136.9
93.0
117.
140.5
149.8
102.5
107.7
103.3
112.5
103.3
115.1
101.3
122.1
95.2
99.8
96.8
119.3
100.1
98.8
113.4
120.0
Employment:
Factories
Prices:
Farm products, to producers.
Wholesale, all commodities
Retail food
_
Cost of living (including
food)
78.7
77.2
133.6 151.2
111.9 109.3
177.8 213.0
60.3 65.2
98.1
99.9
102.3
102. 3
99.9
101.7
101.7
102.3
102.3
101.7
100.5
99.9
99.9
Distribution (values):
* Bank debits, 141 cities
* Wholesale trade.
* Department stores, sales..
* Mail-order houses, sales...
* 10-cent chains, sales
Imports
Exports
91.2
101.0
98.3
92.7
88.5
97.8
91,5
96.77
98.0
99.1
97.4
99.3
93.1
100,8
111.9
101.0
103.9
110.5
112.3
109.0
107,8
119.6
98.0
107.8
116.2
123.2
114.3
105,5
132.5
95.0
107.7
120.1
135.3
107.9
106.8
116.6
100.0
114.2
119.9
123.2
106.2
118.0
116.1
94.0
110.2
108.7
128.6
116.7
117.3
109.6
98.0
109.4
115.2
128.6
115.7
126.5
119.3
95.0
115.8
130.2
136.8
111.3
122.6
123.6
94.0
103.1
103.0
131.9
110.5
110.5
132.3
95.0
109.4
110.5
138.9
96.2
98.2
136.6
96.0
101.5
105.9
120.5
117.1
107.7
134.3
94.0
111.0
117.1
141.6
116.3
109.4
127.7
95.0
100.7
111.5
128.1
107.3
103.5
129.7
93.0
103.1
126.5
132.
109.9
94.0
127.8
95.0
103.1
126.5
131
98
90.1
Transportation:
* Car loadings
Freight, net ton-miles
99.8
102.2
97.6
95.9
102.8
101.9
106.8
109.1
104.0
107.9
118.8
108.9
129.4
106.4
116.2
104.8
107.5
107.6
105.1
108.5
98.8
109.0
112.1
108.6
99.4
108.8
107.
102.6
103.1
102.9
114.8 116.3
103.1 101.7
93.5 90.8
109.4 110.2
139.3 143.3
137.4 143.3
77.1 107.6
113.4
95.9
103.1
111.0
145.2
140.1
121.0
114.1
90.1
101.7
110.6
151.1
144.7
110.7
114.6
92.4
102.1
111.2
152.4
150.8
136.5
114.6
94.3
103.0
111.9
158.3
159.8
125.4
116.7
95.9
99.5
112.1
162.4
167.6
89.1
117.5
95.9
100.5
111.2
165.3
168.8
81.3
115.7
99.9
103. 2
111.4
167.3
177.3
101.8
Finance:
Member bank loans and disc. 94.1 98.5
112.9 117.3 114.9 114.3
Interest rate (coml. paper).. 115.9 90.8 93.4 98.5 96.4 102.9 104.5
Federal reserve ratio. _
99.0 104.1
96.9 96.0 99.1 94.0 95.3
Price, corporation bonds
96.4
99.9 103.6 108.0 112.5 108.1 108.0
Price, railroad stocks.
86.0 96.1
133.4 162.7 142.2 135.7
Price, industrial stocks
, 86.1 91.9 122.0 132.4 171.4 137.6 131.5
Failures (liabilities)
80.4 102.2
106.0 106.8
70.7
87.2
78.4
http://fraser.stlouisfed.org/
t Adjusted for number of working days.
Federal Reserve Bank of St. Louis
145.8 140.1
127.9 125.2
135.2 179.8
76.4 74.1
93.4
143.:
95.:
140.9 139.6
120.9 116.9
200.0 195.8
84.2
91.6
90.7
99.3
100.5
* Seasonal adjustments.
101.
112.9
167.9
183.7
92.4
193.9
77.3
96.
114.4
168.5
85.5
123.2
92.2
114.9
171.6
190.0
85.3
115.6
171.1
193.
120.4
WEEKLY BUSINESS INDICATORS1
[Week ending Saturday. See table on page 5]
WEEKLY AVERAGE^ J923'J925. INCLUSIVE = 100
BITUMINOUS COAL, PRODUCTION
BUILDING CONTRACTS
dANJFEBjMAR.j APR. M A Y JUN. J W L Y I A U G J 6EP. OCT NOV. DEC,
1 I1 I 1
200
PEB'n S TO INDIVIDUAL. ACCOUNTS
I
*
t!AN FEB.IMAR^ APR. [MAY|jUN;J J U L Y | A U Q . SEP, OCT.INOV DEC.
160
ion
100
140
;
t
R
:
i -*| t f t :-U:
120
1
100
u
:
tr . *-* If \ |
n
1
1
1
1
so
60
140
JHTV:
:
1
V
1 1 1M i l
40
III
1 1 1M i l
Ml
111
l/l
' II
MM
1 1 111
LOANS AND DISCOUNTS FS'R,MEM&ER
120
115\
V
CATTLE RECEIPTS
. - . " •
4d'<W!4i-
1 1 !1
111
BEEHIVE COKEi.PROPUCTiQN
150,
J
f
\
»,
I25J
751
••••
100
V*
l 11 MM
111
50
111 111
PETF
i! i
tMi
110
...
.... 'I'll'
111
II1
120
11
100,
• »•
^
:
jf'J
90
If
4AA-
40 W i W
1 1 11 1 1
'
110
M i l
N* WW:
* - *
....
V
1 1 1
1 1M M
FEDERALTtESERVE, RATIO
{<
120 H
i ( D A I L Y AVERAGE;
120
100
1 ,
HOG RECEIPTS
fa-
MM
r
/I
V
*£
AA},
M,
w
,,,
I ' M
M M
1
i 'i i ' 1 l l l l
1 1 1
CALL. MONEY. RATES
(60
l40
I
120 K
1111111111 II 111111
11 1
1 1! I 1 i 1 1 II1 1 1
FISHER'S WHOLESALE. PRICE INDEX
CAR "LOAD INGS
• 13Q r
105
STOCK PRICES
....
100 ji
100
95
^>>
WHEAT RECEIPTS
400
90
WHEAT PRICE NO 2 RED WINTER
325
250
/I \
175
100
MX-
f
TIME MONEY BATES
140
A
120
110
\
. *.
1 1 11 11
•V
1 M l .Ll.l
Mil
...
/ *
100
in
COTTON PRICES MIDDLING NEW YORK
1 Li.
BOND
PRICES
—•
COTTON RECEIPTS
350
;
300
•
Jio • — -
A,
80
—
!Ub . . . »
60
—— • « » ^
250
200
150
u
100
50
0
•f
if
I ' !
1 1 1' ! 1
1 M 1I 11
111
i i i i
190
160
|
«...
•s.
,,, I 1 1
OCT. N0V, DEC.
BUSINESS r A»LURES (NUMBEB)
1 11 ** '
100
\
\
*J
M M
IRON AND STEEL COMPOSITE PRICES
/
1 1 1 1 1 1i i II 1 1 1
JAN. FEB MAR APR^ MAY UUM JULY AUGJSEP.
UN
ACi A\A
I I I !
JAN. FEB. M A R
130
lOOi
MAY JUN. JULY fVUG.JSEP. OCT; |NOV. DEC.
• 1926
-1927
— — - — 1928
70
•
JAN.
pit
• *"
1 II 1 1 M |
MAR. APR. M A Y
L/L
A/
W
ill.
H
• 1
f
i 1 !
MM
' ' 1
I I |- 1 1 i
JUM JULY iAUG SEP. OCT. NOV.' DEC.
WEEKLY BUSINESS INDICATORS x
Time-money rates
Stock prices
109.1
106.1
112.1
115.1
108.6
105.7
105.7
105.7
136.2
138.1
138.2
140.4
106.6 94.3
106.7 103.9
106.9 112.3
107.1 97.5
96.8
99.7
90.0
78.7
97.2
98.6
97.9
44.5
45.2
46.3
47.8
92.9
92.4
92.3
92.1
96.2
95.9
94.7
94.3
115.0
114.8
115.1
115.5
93 2
93.0
89.9
88.9
108.8
114.5
118.7
126.7
118.2
118.2
118.2
136.4
105.7
105.7
105.7
105.7
140.9
142.4
144.4
145.2
107.1
107.2
107.3
107.4
113.8
114.5
103.9
120.6
64.2 71.6
87.3 100.9
93.0 110.6
94.9 98.9
87.7 97.7
84.2 90.0
78.8 86.0
83.5 77.5
82.3 87.7
97.9
95.1
97.2
98.6
47.8
48.2
49.6
50.0
50.4
92.0
92.0
91.3
90.5
90.3
94.0
93.9
93.4
94.0
93.3
116.6 90.5
116.7 91.6
114.4 97.3
114.2 99.2
113.6 102.7
106.1
143.2
120.4
119.4
111.1
133.3
115.1
103.0
100.0
97.0
105.7
102.9
102.9
102.9
102.9
144.4
142.2
142.9
143.0
141.0
107.3
107.5
107.8
108.0
108.0
109.1
121.4
142.8
150.4
146.7
97.2
96.5
96.5
96.5
51.5
51.8
52.2
52.6
90.1
89.5
89.2
88.7
92.7
92.9
91.4
91.0
113.8
113.2
113.0
113.2
101.3
102.6
101. 2
103.4
127.9 97.0
111.5 97.0
113.9 97.0
102.2 100.0
102.9
102.9
110.0
102.9
143.9
145.6
148.1
149.7
107.8
197.6
107.7
107.6
140.0
145.9
118.9
109.1
Carloadings
Business failures
Call-money rates
111.8
115.5
118.2
112.2
Bond prices
Debits to individual
accounts
93 9
95.5
95.1
94.6
Federal reserve
ratio
115.0
114.5
114.3
114.6
Bank loans and
discounts
98.8
98.4
96.0
96.2
Wholesale price
index
92.5
92.8
92.9
93.0
Price of iron and
steel (composite)
Price of No. 2 wheat
46.7
48.2
47.8
48.2
Price of cotton
middling
Receipts of hogs
99.3
97.9
95.8
97.2
Receipts of cattle
79.5
85.1
79.4
75.0
Receipts of cotton
320.0 123.7
307.7 137.0
305.4 131.3
278.1 96.8
Receipts of wheat
104.1
96.6
77.2
73.8
Building contracts
(daily average)
113.2 118.6 111.3
112.5 116.1 91.8
113.8 112.5 89 0
114.8 98.3 81.0
Petroleum
production
78.4
82.4
83.7
80.8
Beehive coke
production
WEEK ENDING
SATURDAY *—
Lumber production
Bituminous coal
production
[All data are given as relative to the weekly average for 1923 to 1925 as 100]
1926
Nov
134.5 102.3
141.7 99.1
146.5 99.1
137.6 88.2
6
13
20
27
Dec. 4
11
18
25
150.6
. _ - . 144.6
138.3
„
107.6
98.2
96.4
90.0
75.9
78.0
75.1
71.8
59.6
114.7 110.4 60.9
115.0 104.2 86.2
115.1 99.1 126.9
115.3 80.6 69.0
68.5
71.4
61.8
50.2
281.5 110.8
260.8 101.9
237.7 103.5
203.5 71.5
109.9
136.0
139.3
138.3
138.9
53.2
75.9
85.9
86.8
82.7
70.2
69.4
73.9
75.9
77.6
114.6
114.7
114.8
114.7
113.8
77.2 114.9
98.1 '79.2
99.1 78.2
98.3 66.5
99.2 60.5
53.0
59.0
60.0
58.4
65.1
191.5
133.5
150.8
159.6
140.8
139.4
138.4
135.4
131.0
88.2
90.9
94.1
92.3
76.3
76.7
78.0
77.1
115.3 101.3
118.2 101.0
118.7 100.2
119.3 96.3
83.1
76.4
83.5
74.9
77.6
62.5
72.5
55,5
122.3
120.4
105.8
119.2
136.1
141.4
133.6
137.2
90.0
92.3
93.2
92.3
76.3
79.6
83.7
81.6
118.3
118.1
118.2
118.2
113.4
84.7
82.1
81.4
86.4
90.9
97.3
97.3
90.0
96.4
80.0
78.8
71.8
69.0
71.8
119.0 103.5 155.2
119.0 100.1 139.0
117.8 99.8 114.5
119.0 99.6 109.4
120.0 107.1 130.8
1927
Jan.
1
8
15
22
29
.
.
Feb. 5
12
19
26
Mar. 5
12
19
26 ...
Apr, 2
9
16
23
30
May 7
14
__
21
28
-- —
June 4
11
18
25
July
2.
9
16
23
30
Aug. 6.
13
20
27
Sept. 3
10 .
17
24
Oct.
1
8
15
22
29
57.7 96.9
61.8 103.8
51.1 97.7
31.8 88.5
76.6
76.9
78.2
79.1
82.0
81.8
85.1
76.9
96.5
95.8
94.4
93.0
53.3
52.2
51.8
52.9
88.8
88.9
89.1
89.1
91.4
91.0
89.8
90.3
114.4
114.3
115.1
114.9
101.3
102.8
101.9
102.2
134.2 100.0 100.0 150.3 107.5
114.4 97.0 102.9 150.3 107.7
123.7 97.0 102.9 152.2 108.0
118.7 106.1 102.9 152.1 108.4
117.9
113.8
115.5
120. §
48.7
43.9
37.5
42.9
41.3
83.8
65.8
69.6
76.5
70.4
83.5
80.7
79.4
86.1
80.1
81.7
75.3
61.9
79.5
77.0
93.0
94.4
93.0
95.1
95.8
52.9
53.3
53.3
55.5
56.3
89.1
88.9
88.9
88.5
88.5
90.3
90.7
90.2
89.8
89.8
114.9
115. 2
114.8
114.5
114.8
101.7
102.8
101.7
102.6
102. 6
110.0
129.8
117.9
118.2
114.4
154.3
157.6
159.7
161.3
159.2
108.6
108.8
108.7
108.7
108.6
121.4
107.9
114.5
106.9
117.4
84.0 102.3 63.3 120.3
86.2 101.4 60.4 119.4
84.9 99.1 62.9 119.0
87.0 103.2 51.0 119.9
106.8 92.7 45.3
107.3 111.4 45.2
106.1 95.2 66.7
107.1 110.5 62.0
79.2
66.5
55.0
36.9
88.6
89.9
87.0
91.5
80.7 99.3
82.7 100.7
76.1 100.7
90.1 105.6
58.8
58.1
69.6
61.8
88.6
89.0
88.9
88.6
90.2
89.8
90.1
90.0
115.9
115.6
115.7
115.5
100.6
103.2
102.3
101.7
131.0 97.0 100.0 161.6
114.4 106.1 100.0 164.0
123.9 97.0 100.0 166.2
114.8 109.1 100.0 168.9
108.8
109.1
109.0
108.9
105.9
108.6
109.1
110.3
75.7 96.4
87.5 101.4
85.0 97.3
87.0 99.1
60.4
57.6
55.9
53.5
120.4
119.9
120.5
120.5
95.0
107.3
106.0
106.2
105.2
106. 3
115. 5
112.1
62.1
51.5
50.7
52.3
41.9
38.1
38.8
38.1
88.3 95.8
83.2 94.6
80.4 74.4
80.1 86.4
104.2
100.7
102.1
103.5
62.1
62.9
61.8
61.8
87.9
88.7
88.6
88.5
90.2
90.3
90.3
89.6
117.0 99.1
116.7 99.6
117.2 98.6
117.0 101.8
110.4 109.1 100.0 170.2 108.7 90.9
122.4 100.0 100.0 170.0 108.4 108.4
121.6 97.0 102.9 168.2 108.3 98.8
120.5 97.0 102.9 167.4 108.2 104.4
81.9 90.9
67.5 73.6
84.6 105.5
84.7 106.4
88.2 104.5
42.0
46.5
43.3
43.7
43.3
121.7
121. 7
122.1
123.6
124.1
106.5 95.3 96.3
87.5 109.9 107.5
106.1 112. 4 130.3
105.6 101.7 150.4
109.1 94.0 327.4
36.2
38.8
28.1
33.5
35.4
73.1
56.6
90.8
84.5
82.3
89.7 100.7
70.3
79.0 102.8
65.8 100.7
70.9 97.9
62.9
63.2
66.2
68.4
68.8
88.2
88.1
87.9
87.9
87.8
89.3
90.0
90.4
88.7
89.8
117.8
117.5
116.0
116.0
115.9
100.1
99.1
100.6
101.7
102.8
114.6 112.1 105.7 165.5 108.1 104.2
131.5 100.0 105.7 169 9 108.3 76.9
120.2 97.0 105.7 173.0 108.4 109.8
119.2 90.9 102.9 174.5 108.4 101.7
105.5 90.9 100.0 177.0 108.5 107.1
105.5 43.3
102.3 44.1
106.4 44.1
105.5 45.3
123.7
123.7
120.9
120.4
106.8
109 4
111.3
115.7
114.4
105.3
90.4
107.6
306.8
241.7
206.6
169.7
36.2 83.5
47.7 91.5
61.2 97.5
75.0 105.1
70.0
66. 6
67.8
62.2
96.5 70.2
99.3 71.3
100.0 75.4
98.6 80.9
87.6
87.5
87.5
87.5
89.8
89.2
90.0
91.4
116.7
117.0
117.0
116.5
100.4
101.2
101.3
101.3
118.4
108.4
115.8
103. 2
42.9
45.7
41.6
43.3
120.6
120.3
119.8
121.7
116.5
103.2
117.3
117.4
115.1
105.7
102.7
103.9
196.2
202.3
250.6
246.4
119.6 104.4
135.4 90.5
174.6 101.9
213.8 102.5
60.6
51.5
52.2
53.8
95.1
83.5
86.8
78.3
76.8
87.6
87.6
87.6
87.2
91.5
92.9
93.1
93.1
117.6 101.0 102.8 84.8 91.4 181.1
117.4 98.6 103.0 93.9 91.4 184.7
118.8 99.0 122.1 87.9 102.9 186.5
119.2 99.5 130.8 97.0 100.0 186.2
107.3 41.2 121.8 117.5 97.2
108.6 44.1 121.3 114.8 92.5
106.4 36.3 119.7 116.8 90.6
105.5 42.9 119.2 117.7 119.6
104.5 34.7 118.4 116.0 103.7
252.6
266.8
220.2
186.5
176.6
261.2
256.9
248.5
268.8
293.8
114.2 51.6
129.7 53.0
129.1 57.3
138.6 65.5
133.5 78.6
93.7
94.4
97.2
93.0
80.1
78.3
77.2
73.5
75.4
87.2
87.1
85 9
85.9
85.8
93.6
93.6
94.1
94.1
93.3
119.6
120.8
120.3
120.5
120.2
77.9
74.6
72.8
73.2
85.8
85.6
85.4
85.1
93.7
93.8
93.9
94.0
120.3
120.7
121.1
121.1
73 2
71.3
71.3
72.8
73.9
85 0
84.8
84.8
84.8
84.7
93 8
94.0
92.9
93.4
93.4
73.2
72.8 106.9
93.4 109.4 "166." 6 71.7
99.3 71.0
67.6
84.7
85.1
85.3
85.6
92.6 125.1
92.6 123.6
93.2 122.6
87.2
93.3
93.8
100.0
.
100.1 106.4
92.1 96.4
99.0 105.5
101.3 106.4
-. -
103.2
105.5
108.3
. . 105.5
102.8
19
26
92.6 105.5
97.0 105.5
102.6 104.5
90.6 96.4
38.4
37.1
33.5
35.1
117.8
118. 5
118.4
119.9
Dec.
3
10
17
24
31
92.9 102.3
99.4 104.5
100.4 102.3
100.7
88.2
_.
81.5 57.3
34.3
33.1
34.3
35.5
33.9
119.1
119.4
118.0
116.8
116.2
Jan.
7
.- 101.1
111.5
34.3 114.2
36.7 113.9
114.3
Nov. 5
12
103.8 79.7
104.9 92.3
105.0 120.6
105.2 126.4
108.4 67.9 176.4
101.7 80.9 128.9
101.0 104.8 133.8
87.7 94.6 99.6
95.5 80 6 112 0
91.5 112.5 80.6
90.5 98.3 74.2
86.5 95.3 64.3
70.9 82.1 59.7
293.8 132.6
2o3.8 127.2
236.5 123.4
191.2 99.7
195.8
175. 4
142.7
119.6
125.4
113 9
106.3
104.1
65.2
51.9
56.2
74.9
91.8
71.8
98.5
98.1
109.2
80.3
78.9
92.3
90.8
96.5
98.4
96.6
96.8
96.9
97.2
96.0
94.3
91.4
92.8
121 7 91.9
122.2 91.2
122.4 89.3
122.9 86.7
123.5 86.2
109.1
109.1
109.1
97.0
103.0
102.9
97.1
100.0
102.9
100.0
87.9 100.0 179.5 108.9
90.9 97.1 175.1 109.2
84.8 102.9 177.5 109.3
84.8 91.4 180.3 109.4
113.8 97.0 100.0 185.6
140.8 100.0 100.0 187.6
107.8 97.0 97.1 185.7
141.0 93.9 100.0 180.4
123.2 84.8 102.9 177.8
133.4 87.9 100.0 177.9
116.0 84.8 94.3 182.1
129.2 84.8 97.1 184.7
126.3 84.8 97.1 184 7
111.4
133.4
121.4
134.2
104.5
100.0
103. 0
97.0
103.0
133.3
97.1
97.1
97.1
97.1
97.1
185.3
185.0
186.0
186.8
186.8
95.3
96.6
97.3
90.7
109.4 84.5
109.4 83.5
109.4 99.8
109.5 82.8
109.9
110.1
110.2
110.2
110.2
94.6
106.6
80.6
100.7
113.3
110.2 114.0
110.4 105.7
110.7 108. 6
110.8 93.6
110.8
110.8
110.9
110.8
110.9
110.6
122.6
123.6
122.4
103.9
1928
14
21
28
1
72.7
97.3
101.4
44.2
86.0
82.1
78.6
94.6
|
57.4
62.5
81.2
83.1
68.1
86.7 154.8 115.1 97.1 187.2 110.6 125.1
91.2 139.0 100.0 97.1 184.9 111.0 154.3
93.8 131.4 97.0 102.9 183.7 110.9 148.9
96.8
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 Bradstreet's; Receipts of cattle and hogs from U. S. Department of Agriculture
Bureau of Agricultural Economics; Receipts of cotton from New Orleans Cotton Exchange; Wholesale prices (Fisher's index), based on 1923-24 as 100, from Professor IrvinQ
Fisher; Price of cotton, middling, from New York Cotton Exchange; Price of iron and steel, composite, from Iron Trade Review; Price of wheat, No. 2, red, cash, from Chicago
Board of Trade through U. S. Department of Agriculture, Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts from
Federal Reserve Board; Call-money and Time-money rates, and Bond prices from Wall Street Journal; Stock prices from Annalist; Business failures from R, O. Dun &
Digitized forCompany.
FRASER
2
The actual week for all items does not always end on same day.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
WHOLESALE PRICES FOR SPECIFIED COMMODITIES
[Relative n irnbers, 1920 monthly average taken as 100. December, 1927, is latest month plotted]
no
3
H 0 S P H A T E (BALTO .)
>
...
... •••
NITRATE OF SODA (NEW YORK)
MURIATE OF POTASH (bJ.Y ,)
FERTILIZER TANKAGE (CHICAGO)
112
••>***
M B M M MM1
100
\
y
\
r
90
80
WHEAT ' W I N T E R
120
CORN,
FLOUR .WINTER
f
•
..
IOO;
T
warn
M M
80
••CATTLE, STEERS
!20
as;
NO . 2 \
I3L6 134.4,4
?8 l3t
I)
cA l s
"
/
[
• •<
••••"1
i
BEEF, C A R C A S S ^
HOGS,
).9 c
124.4 I29.3|32.2J3!
HAMS, SMOKED
HEAVY
-H,
1
100
7( .4 72.7 T
80
..
J40
120
100
76.8 695
i 1
RUBBER, 3RUDE
\
...
Mm
MRK
BBHK
* *
l"|
80
••
nm
•
s
*
i
120
COTTON PRINT CLOTH
4,
1
.j
\
/ •
110
* *
5 ioo
-
I..
...
WOOL, I/4 GREASE
(BOSTON)
\
\
•<
-
D 90
Z
«*. />
tarn
/
y
***
*0»
/
*
<
COTTON YARN
••
^^
r
60,
COTTON,
•975
•*«
r
_
Li
»
MM
COTTONSEED OIL
SUGAR , GRANULATED
SUGAR, RAW
(CHICAGO)
, \
mm*
160
si
M M
• •
t
-
70
100
80
SILK, RAW
WORSTED YARNS
120
"i
II
j
•
1 1
1
j
1
J
II
i
" I3t 3 15 >3I52 •5159 9
PETROLEUM
120
|
100
125 b 12 > 5 I3
"n"
PIG IRON , F O U N D R Y
•
mm
*•
TIN
#
*
ZINC
••
••
1
sfLJ
90
STEEL. B E A M S
110
i
\JA 8if.8W.6 WJ9 S64 8 ^ 8 1 7 ^83 77.9
LUMBER, PINE, FLOORING
C E M E N T , !.EHIGH
BRICK, C O M M O N , NEW YORK
^ M l
IOO
COKE
***
COPPER INGOTS
IOO
rs9.4
•• . .
!
L V JJ
60
LEATHER, SOLE, OAK*
!7£ .2
17 H
B I T U M I N O U S COAL
vj"
80
4,
-
1
BOOTS A N D S H O E S , (ST. L O U I S )
110
HIDES, PACKERS 1657
I
90
*S
•Ml
mamM M
M M
• * •
80
I >»
s
S
•BBS
MM
mm
s
\
71
111111 i I §
1926
*••
1927.
fi 7-1 8 71A 71 •
!Hfig
... ..<
7
68.4
WHOLESALE PRICES FOR SPECIFIED COMMODITIES
NOTE.—Prices to producer on farm products and market price of wool are from V. S. Department of Agriculture, Bureau of Agricultural Economics, nonferrous metals
from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent
prices to producer or at mill.
RELATIVE PRICE
ACTUAL PRICE
(dollars)
1926 a v e r a g e = 1 0 0
Unit
COMMODITIES
Decem- Novem- DecemOctober, November,
ber,
ber,
ber,
1927
1926
1926
1927
1927
Novem-
Decem-
ber, 1927
ber, 1927
1.139
.751
.941
.187
37.14
.0832
.0814
.1139
1.370
.100
18.05
.0642
.1097
.1092
84
125
53
139
135
117
86
97
82
105
51
132
138
124
76
99
84
107
51
124
137
129
69
December, 1926
FARM PRODUCTS-AVERAGE PRICE TO PRODUCER
Wheat
_
_
*
Corn
_
Potatoes
Cotton
Cottonseed
Cattle, beef
Hogs
Lambs
—
FARM PRODUCTS-MARKET PRICE
Wheat, No. 1, northern spring (Minneapolis)._
Wheat, No. 2, red, winter (Chicago)-.
Corn, contract grade No. 2, cash (Chicago)
Oats, contract grades, cash (Chicago)
Barley, fair to good, malting (Chicago)
Rye, No. 2, cash (Chicago)
___
Tobacco, leaf, average sales, warehouse (Kentucky)
Cotton, middling upland (New York)
Wool, U. blood, combing, Ohio and Pennsylvaniafleeces(Boston)
Cattle, steers, good to choice, corn fed (Chicago).
Hogs, heavy (Chicago)
Sheep, ewes (Chicago).
Sheep, lambs (Chicago)
—
Pound.
Pound.
Pound.
1.114
.737
.954
.200
37.51
.0800
.0899
.1142
Bushel.
Bushel.
Bushel.
Bushel.
Bushel.
Bushel.
Cwt.__
Pound.
Pound.
Cwt...
Cwt.__
Cwt.
Cwt.
1.264
1.354
.868
.512
.842
1.056
9.812
.203
.48
15. 938
9.469
5.469
13. 581
1.275
1.384
.867
.554
.876
1.088
20. 220
.196
.49
15. 500
8.575
5.625
13. 013
1.422
1.403
.755
.503
.744
.970
12.546
.128
.44
9.719
11. 769
5.638
12.044
82
87
116
116
119
105
134
120
102
150
90
80
101
82
88
114
119
121
111
116
116
104
167
77
83
99
82
90
114
129
126
114
239
112
107
163
70
85
95
FOOD
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York)
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime yellow (New York)
Beef, frash, carcass, good native steers (Chicago)
Beef, fresh, carcass, steers (New York)
Pork, smoked hams (Chicago)
Butter, creamery, 95 score (New York).
„
Oleomargarine, standard, uncolored (Chicago)
Barrel...
Barrel...
Pound..
Pound..
Pound..
Pound..
Pound..
Pound..
Pound..
Pound..
7.145
6.575
.047
.056
.106
.215
.234
.220
.50
.235
7.100
6.563
.046
.056
.100
.223
.234
.214
.52
.235
7.631
6.600
.051
.061
.082
.170
.185
.280
.55
.215
90
108
104
92
128
132
76
107
107
85
91
107
102
89
131
137
71
111
103
91
106
101
84
136
139
70
116
103
.383
.371
nsn
112
115
120
98
97
95
95
83
107
109
119
98
97
95
95
78
172
132
113
126
102
102
_
TEXTILES
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
Cotton-print cloth, 64 x 60-38Mi"-5.35—yards to pound.. _
Cotton sheeting, brown 4/4 Trion (New York)
Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston)
Woman's dress goods, French, 39 inches at mills, serge..
Suitings, unfinished worsted—13 ounce, mill
„._
Suitings, serge, 11 ounce, 56-58 inch..
Silk, Japan, 13-15—
Hosiery, women's, pure silk, mill
LEATHER
Hides, green salted, packers' 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
1.228
.645
91
94
76
73
97
91
92
74
76
66
94
91
90
94
105
102
101
118
73
92
91
100
117
107
102
148
73
96
102
95
92
92
108
106
70
104
103
95
113
95
91
91
118
111
69
104
108
91
122
94
104
105
113
98
97
96
90
91
91
98
97
94
95
93
97
87
178
144
118
135
102
102
109
97
108
100
100
118
117
101
122
93
108
108
101
95
101
100
100
100
100
100
96
98
93
105
Pound
Yard.
Yard
Pound
Yard
Yard
Yard
Pound
Dozen pair.
.110
1.400
1.000
1.913
2.048
4.802
10. 780
.105
1.400
1.000
1.917
2.084
4.998
10. 516
.311
.067
.080
1.375
1.000
1.890
2.048
5.831
11. 760
Pound
Pound
Square foot.
Pound
Pair
, Pair
.242
.228
.510
.550
6.500
5.000
.250
.250
.535
.590
6.500
5.000
.151
.167
.450
.430
6.400
4.850
166
125
113
126
102
102
Net ton...
Net ton
Long ton..
Short ton..
Barrel
4.160
4.800
13. 389
2.825
1.230
4.144
4.759
13. 389
2.788
1.220
4.671
5.181
13.850
3.906
1.750
97
103
71
66
65
97
68
65
Long ton_.
Long ton..
Long ton..
Pound
Pound
Pound
Pound
Pound
19. 210
17.000
33.000
.1332
.183
.0626
.5709
.0575
19.010
17.000
33.000
.1377
.187
.0650
.5805
.0572
20.510
18.500
35.000
.1330
.186
.0786
.6664
.0702
93
92
94
94
96
74
91
93
92
94
97
96
74
90
78
92
92
94
100
99
77
91
78
Mfeet....
ThousandBarrel
Cwt.
Pound
Cwt
Cwt
Cwt
36.420
11.750
35.540
11.250
41. 310
51.500
84
71
81
71
79
95
94
92
94
1.600
1.750
.273
.76
2.525
3.250
1.600
1.800
.294
.78
2.525
3.250
1.650
2.000
.256
.75
2.750
3.450
97
92
97
97
92
77
107
88
94
100
102
75
103
96
100
100
102
67
103
96
100
Coal, bituminous, mine-run (composite price)
Coal, bituminous, prepared sizes (composite price)
Coal, anthracite, chestnut (composite price)
Coke, Connellsville (range of prompt and future) furnace—at ovens. .
Petroleum, crude, Kansas-Oklahoma—at wells
METALS
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York).
Brass, sheets, mill
Lead, pig, desilverized, for early delivery (New York)..
Tin, pig, for early delivery (New York)
Zinc, slab, western (St. Louis)
BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellowflooring,mill
Brick, common red, domestic building (New York)
Cement, Portland, net without bags to trade, f. o. b. plant (Chicago
district)
Steel beams, mill (Pittsburgh)—.
Rubber, Para Island, fine (New York)
Sulphuric acid 66° (New York).
Wood pulp, sulphite, domestic, unbleached, news grade (New York)_.
Newsprint, rolls, contract, mill
BushelBushel..
BushelPound,.
Ton...
. U5o
. UoU
100
97
72
103
94
94
95
108
98
97
94
95
94
97
8
STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1923-1927
The following table contains a review of production
and distribution by principal industries and branches
of commerce for the year 1927, with comparisons
since 1923. On the following page is given a table of
commodity stocks, as well as of unfilled orders, as of
December 31, 1927, with similar data for earlier comparable periods. A text discussion reviewing the
year is given on page 11.
VOLUME OF PRODUCTION AND DISTRIBUTION IN 1927
1923
1924
1925
1926
FOODSTUFFS
TEXTILES AND CLOTHING
Consumption (000 omitted):
641, 607 537, 760 526, 285
Wool (pounds)
6,521
Cotton (bales)
5,522 6,433
358
Silk (bales)
366
501
Production (000 omitted):
5,265
Fine cotton goods (pieces)
4, 2461 5,053
Boots and shoes (pairs—000 omitted). 351,114 313,229| 323,552
Knit underwear (dozen garments—
14,041
9,969| 13,850
000 omitted)
Hosiery (dozen pairs-^-000 omitted).. 42,170 40,229 45, 738
Men's and boys' suits (dozen—000
omitted)
2, 500|
METALS AND EQUIPMENT
Production (000 omitted):
Iron ore consumption (tons)
62, 296 45,991
Pig iron (long tons)
40,039 31,088
Steel ingots (long tons)
43, 486 36,811
Steel sheets (short tons)
2,675
2,638
Tin (consumption—long tons)
70
64
Production (short tons):
531,204 535, 848
Zinc.
Copper
.-_
793, 377
New orders:
Structural steel (short tons—000
omitted)
1,997
2,403
Steel castings (short tons—000
1,084
omitted)
Fabricated steel plate (short tons—
582
000 omitted)
Machine tool orders (index number)..
94
134
510,033 551, 529
6, 684 7,407
551
502
4,836
324,513|
5, 770
12, 351 12, 738
42, 265
3,029
1, 554 1,216
1,755
82,200 77, 364 80,100
1.074
54, 291
93,336 87,927 61,817 84,437 80,581
564,565 483,687 520,053 573, 367 519, 477
19,380
37, 596
10,284
33,984
732
180
56
26
287
714
213
60
27
320
55,932
19,620
36,324
11,355 12,489 6,985
39, 912 44, 377 43,903
764
260
60
31
365
771
300
62
32
365
331
56
32
392
58,992 65,604 73, 349 79,724
20,016 22,320 26,184 29,554
39,012 43, 284 47,604 50,170
PAPER
AUTOMOBILES AND TIRES
Automobile production (000 omitted):
Passenger cars
Trucks
Rubber tires, production (000 omitted):
Pneumatic tires
Solid tires and cushions...
_
Inner tubes
_
2,939
455
3, 632 3,203
389
3S8
34,116 38,804
699
713
45, 218 53,093
3,760
505
134
150
146
164
147
159
145
168
136
151
161
168
131
147
155
164
452
3,433
449
3,121
584
3,680
490
PRICE INDEX NUMBERS
3,378
146, 796
PRODUCTION OF FUEL AND POWER
Production (short tons—000 omitted):
Newsprint
Book paper
Wrapping paper
.
Wood pulp.
Contracts awarded (36 States—000,000
omitted):
676
899
843
812
Total floor space (sq. ft.)
706
3,981
5, 822J 6,103 6,084
Total value (dolls.)
Lumber production (board feet—000,000
omitted):
5,402 5,441
5,680 5,374 5,174
Southern pine
6,105
5,866
6,528 6,322 5,972
Douglas fir
639
508
520
California redwood
1,223
1,485
1,153
C alifornia white pine
1, 751 1,651
1,561
Western pine
1,812 1,641
579
580
5941
614
North Carolina pine
650
313
24J
193
Northern hemlock.
254
210
400
449
347
Northern hardwoods
362
360
516
486
618
Northern pine lumber _
559
488
130
119
159
Northern pine lath
145
126
418
452
Oak flooring
361
518
533
103
113
141
Maple
flooring
__.
106
112
Brick production (000 omitted):
8, 296 7,988 8,671
8, 661 8,929
Face brick (average per firm)
Cement (bbls.—000 omitted):
137,377 148,859 l U i1, ono
164,070
Production
£AjLt I XUTtj
VJ i \J \ J-171,908
i X j C7V/O
Shipments
135, 887 145, 747 156^724 161,781 170,922
Sanitary enamel ware shipments (pieces—
000 omitted):
1,195 1,101
1,148
l,0Sl
1,326
Baths
1,365
1, 323 1,528
1,231
1,326
Lavatories..
1,364
1,370
1, 445 1,551
1,289
Sinks
45, 727 46,179
578|
782
62,049 57, 515|,
54,766 58,360! 52, 933
36,401 39,070! 36,232
44,178 872, 509J 43,041
DISTRIBUTION
3, 522 3, 447 3, 287
76
78
72 Sales (dollars—COO omitted):
433,177 461,045 518,076 540, 528 560,132
4 mail-order houses
338,064 378,883 429,131 457,336 503,827
590,928 638,533 613, 548
5 ten-cent chains
842, i r 872, 509 830.133
632,784 721,428 888,480 1,057,0921,311,433
27 grocery chains
Advertising, agate lines (000,000 omitted):
24
27
27
25
23
Magazine
1,272 1,218
1,169
1,158 1,223
Newspaper, 22 cities.
2, 554 2,751
2,761
36"
301
344
376
316
Postal receipts (dollars—000,000 omitted).
875 Foreign trade of United States (dollars—
996
934
000,000 omitted):
498
386
4, 591 4,910 4,809 4,866
514
4,16'
Exports! _
—
4,184
138
150
3,792 3,610 4,228 4,431
Imports
162
RAILWAY EQUIPMENT
Coal (short tons—000 omitted):
Anthracite
Bituminous
Coke (short tons—000 omitted):
Beehive
By-product
Petroleum products (000,000 omitted):
Crude petroleum (bbls.—42 gal.)
Gasoline (bbls.—42 gal.)
Kerosene (bbls.—42 gal.)
Lubricants (bbls.—42 gal.)
Gas and fuel oil
Electrical energy, central stations (kw.
• hours—000,000 omitted):
\ Total
I By water power
By fuels
1925
BUILDING AND BUILDING MATERIALS
66,160 75, 345 70, 264 76,095 83, 200
Corn grindings (bu.—000 omitted)
4,547
Sugar meltings (long tons^-000 omitted).. 4,149
5,113
5,175 4,882
Oleomargarine production (lbs.—000
226,069 231,523 234.814 243,513 276, 504
omitted)
1,252,2141,356,080 1,361,526 1,451,7601,894,550
Butter production (lbs.—000 omitted)
Condensed and evaporated milk produc,i I U ) W i 1,579,872
tion (lbs.—000 omitted)
1,259,565 1,201,310 1,208,450 1,170,461
Egg receipts (cases—000 omitted) _ _
_ 16, 691 15,404 15,476 15, 6011 16,204
195,821 204,054 239, 411 264,6651
Fish catch (lbs.—000 omitted)
Meat production, inspected slaughter
(lbs.—000,000 omitted):
5,129
5,277
Beef products
5, 328 5, 480 5,711
Pork products.
8, 820
7. 323
7,731
9,182
456| 467 7,273
502
Lamb and mutton products.. —
446
Cottonseed oil production (lbs.—000,000
501
1,806
omitted)
1,155
1, 512!
974
Wheat-flour production (bbls.—000,000
125 1,764
omitted)..
_.
•
133
126
127
Locomotive shipments (number),
Freight-car shipments (number)..
1923
1927
1,485
1,122
1,024
3,796
1,471
1,231
1,016
4,138
1,530
1,284
1,087
4,179
1,687
1, 346
1,075
4,524
1,332
1,080
4,159
(Averages relative to 1918)
Farm prices
Wholesale prices (404 commodities)
Retail food prices (22 commodities)
Cost of living (Nat. Ind. Conf. Bd.)
135
154
146
161
BANKING AND FINANCE
Securities:
Sales (000,000 omitted)—
282
Stocks (shares)
_.
237
Bonds, total (dolls.)
2,735 3,784
Prices, monthly average (dolls.)—
60.15 67.18
25 railroad stocks
_
107. 78 115.08
25 industrials
71.72 74.32
40 bonds
Banking and insurance (dollars-—000,000
omitted):
8,270 8,949
Life insurance, new business. __
Check payments (debits)—
225,324 227, 949
Outside New York City
238,392 263, 531
New York City
Interest rates, average (per cent)—
3.17
4.
New York call loans
4.99J 3.91
Commercial paper 60-90 days
Business failures:
539
543
Liabilities (dollars—000,000 omitted).
18, 714 20,615
Firms (number)
82.48 93.27 113. 81
152. 65 165. 70 214.54
77.04 80.36 83.69
10, 75'
11,421
11,296
256,415 268,935 282, 346
313, 372 339,056 391, 557
4.31
4.02
444
21,214
4.24
4.58
4.10
4.15
409
520
21, 773 23,146
STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1923-1927—Continued
STOCKS OF COMMODITIES HELD AT YEAR-END INVENTORY PERIODS
COMMODITY
Unit
1934
1935
1936
1937
November December
31
30
November December
31
November December
30
31
November December
31
30
FOODSTUFFS AND TOBACCO
Beef products __
Pork products...
Lamb and mutton
_.
Sugar (raw at refineries)
Cottonseed oil.
Cottonseed cake and meal
Wheat (visible, United States).
Wheat flour__
Corn (visible, United States)—
Oats (visible, United States) —
Barley (visible)
Rye (visible).
Lard
Butter
_
Cheese, all varieties
Cheese, American
Eggs, frozen__
Poultry.
Fish
Coffee (visible, United States) _
Rice (domestic)
Tobacco
Thous. of lbs..
Thous. of lbs
Thous. of lbs
Long tons
Thous. of lbs
Short tons
Thous. of bush
Thous. ofbbls
Thous. of bush
Thous. of bush
Thous. of bush
Thous. of bush
Thous. of lbs
Thous. of lbs—
Thous. of lbs—
Thous. of lbs—
Thous. of l b s Thous. of cases
Thous. of lbs..
Thous. of lbs
Thous. of bags
Thous. of pockets..
Thous. of lbs
142, 964
708,413
2,949
49, 393
105, 992
73, 564
418, 737
1,549
92, 709
111, 965
222, 271
49, 774
7,800
3,077
68,584
6,705
10, 533
33, 710
74, 754
83, 568
66,495
39, 336
3,786
86, 733
61,849
789
1,091
1,754, 596
84, 996
514, 697
1,820
120,146
118, 719
259,061
55,024
6,900
19,095
66,762
7,257
11, 945
42,478
52, 785
95,472
58,457
33,905
1,683
111, 501
58,048
888
2,046
1,818, 564
85, 977
434, 972
3,166
277, 687
131,181
176,103
78,412
8,000
32, 219
50,063
4,902
12, 751
46, 744
64, 381
81, 084
63,881
38, 620
3,215
106, 854
75,034
888
2,197
1, 768, 399
1 373,010
346, 678
7,305
49, 824
5,834
1,096
282, 653
i 375, 714
8,010
47,130
283, 266
46,813
5,738
957
273,686
131, 599
53,265
21,208
2,844
41, 686
143,282
53, 607
6,922
1,904
165,481
46,100
9,295
2,654
100, 239
463, 233
3,326
32,172
106,426
142,125
105, 533
7,700
8,072
71,997
5,481
17, 965
35, 713
100, 832
77, 594
58, 705
22,100
3,102
87, 939
70,406
803
2,265
1, 724, 767
96,114
6,700
19, 693
76,343
5,484
18, 532
61,049
65, 694
67, 558
49,187
21, 303
1,050
133,990
68, 325
611
2,347
1, 713, 670
Thous. of lbs..
Thous. of bales
_ Bales..
Thous. of doz. pairs.
Thous. of dozens
Thous. of lbs
l 391, 248
5,852
55, 516
5,781
359, 612
5,937
61, 533
5,752
265,605
Thous. of long tons.
Shorttons
Barrels—..
Short tons
Long tons
40, 728
118, 384
49, 797
26,912
2,089
Mfeetb. m
Mfeetb.m
Mfeetb.m
M feet log measure.
Mfeet b. m__
M feetb. m
Tons..
Thous. of bbls..
Thousands
Thousands
Number
Number. _
Number.
Barrels
Barrels
1,026,246
630, 653
15,176
2,931
41, 795
22,931
1,946
100,873
522, 749
4,556
246, 391
158, 348
167,400
68,125
6,700
36,412
46, 341
4,492
12, 343
49,992
34, 347
72,055
54,596
33, 593
1,096
144,497
65, 345
465, 976
3,790
215, 665
165,069
205,008
77,052
578, 365
4,405
157, 578
190,354
90,506
978
2,362
1,841, 645
7,900
20,439
24,429
4,338
2,412
46,154
83, 224
70, 735
53,447
54,703
2,956
85,030
66, 790
686
2,410
1,806, 747
1,011
281, 620
324, 578
8,312
52, 478
6,710
1,063
265, 932
i 385, 615
7,521
52,069
6,167
1,073
249, 673
42, 761
165,114
54, 377
14,481
2,304
38, 426
160,193
47,790
21, 887
1,909
41,472
145, 644
63,017
39,320
2,003
1,065,538
674, 249
11, 591
1,754
60,145
26, 309
3,246
16,243
2,104
63,207
161, 391
225, 645
274, 422
63, 650
184,405
1,164, 232
690,157
12,202
1,907
67,079
27, 721
3,545
20,679
2,241
65,800
177, 331
265,400
306,431
58, 321
208, 789
1,194,404
624, 651
12,149
3,646
69,449
27, 610
3,810
16,022
2,777
1,207, 524
146,113
193, 811
223, 265
77, 676
247, 954
157,868
204, 744
233,091
81, 939
248,755
7,810
158
13, 592
200,932
43,638
7,856
168
12,030
195,980
42,014
7,635
161
28,543
141,163
39,310
20,877
139,114
42, 778
28,390
22,982
2,707
3,275
54,757
46,309
63, 837
47,738
47,005
879
117, 678
64, 539
768
1,920, 652
CLOTHING MATERIALS
Wool, grease equivalent (mills and dealers)
Cotton (mills and warehouses)
_
Silk (warehouses)
_
Hosiery
Knit underwear
Hides and skins
7,363
53,540
1,100
METALS
Iron ore
Steel sheets. _
Steel barrels
Zinc
Tin (United States).
150,104
40,751
1,573
CONSTRUCTION MATERIALS
Yellow pine—California white pine..
Walnut lumber
Walnut logs
Oak flooring
Maple flooring
Roofing felt
Cement
Face brick
Paving brick.
Baths (enamel).
Lavatories (enamel)...
Sinks (enamel)
Turpentine (3 ports) _.
Rosin (3 ports)
1,152, 743
644, 318
20,024
4,000
43, 204
25,072
1,433
73,846
90,012
171,999
228,438
51, 489
228, 673
1,041,774
630,157
15, 614
2,686
43,823
25,992
2,257
14,123
1,803
85, 283
104, 301
196, 324
251,448
61, 379
256,482
45,046
196, 939
260,981
51, 247
220,479
5,230
188
25,062
183, 846
51, 778
5,591
194
23, 838
179,466
54,372
5,229
159
17,418
194,400
42, 660
6,119
150
16, 238
194,062
41, 872
14, 534
1,713
101, 915
110,011
222,032
1,165, 620
642, 798
19,831
2,569
44, 715
28,440
4,234
18, 515
1,978
95,427
123, 600
13,037
3,615
74, 773
29,527
3,118
21,821
2,832
RUBBER AND PAPER
Pneumatic tires
_
Solid tires and cushions.
Newsprint (at mills)...
Wood pulp, mechanical..
Wood pulp, chemical
1
Thousands..
Thousands..
Short tons...
Short tons...
Short t o n s . .
Quarter ending September 30.
UNFILLED ORDERS FOR SPECIFIED COMMODITIES
DECEMBER 3 1 -
COMMODITY
Hosiery
_
Knit underwear
Cotton finishing
Pyroxylin coated textiles
Sheets, blue, black, and galvanized.
Steel (U. S. Steel Corporation)
Locomotives. __
_
Oak
flooring.
_____
Maple flooring
Baths (enamel)
_
_.
Small ware (enamel)
Face brick
Paving brick
_
_
Common brick
Freight cars..
_
_.
Ships. __
_
_
Furniture
Boxboard...
Illuminating glassware
Unit
1934
Thous. of doz. pairs.
Thous. of dozens....
Days
Thous. of linear yds.
Short tons
_
Thous. of long tons..
Number
M feet b. m_
Mfeetb.m
Number__
Number. _
Thousands
Thousands.
Thousands.
Number
Thous. of gross tons.
No. of days' supplyShort tons
No. of weeks' supply.
4,673
2,000
4.8
1,089
246,810
3,263
548
36,093
9,596
181, 907
458,182
1,109
99, 314
366,098
57, 735
185
45
87,030
2.7
1935
8,302
2,935
4.0
1,730
440, 687
3,710
411
50,092
9,498
111, 797
252, 991
1,153
82, 239
326, 226
27,458
186
56
92,401
2.3
1936
6,229
2,391
4.2
2,374
422, 237
3,479
667
41, 744
9,317
80,050
172,026
1,130
75, 283
220,078
34, 874
199
60
109, 559
2.5
1937
6,342
2,614
5.5
2,671
399, 562
3,053
400
37, 983
11, 634
42,164
112,921
1,113
61,541
254,191
21,956
219
53
94,847
1.3
1934
6,673
2,906
1,446
663,460
4,817
439
53,295
12, 735
89,402
254,625
644
44,t)59
54,202
183
54
109,536
2.8
1935
6,206
2,736
5.5
1,677
677, 907
5,033
708
61,103
9,076
189,157
770
253,490
40,015
232
56
107,756
1.9
1936
5,100
1,562
5.0
2,523
529,940
3,961
398
35, 995
9,706
49,804
127,104
673
50,701
311,979
18,481
314
42
86,562
1.0
1937
Percentage
change
Dec. 31,
1927, from
June 30,
1927
1,912
3.9
2,979
745, 393
3,973
232
27,887
8,736
33,160
104,774
730
-26.9
-29.1
224, 825
12,431
-11.6
-43.4
74,729
1.0
-21.2
-23.1
+11.5
+86.6
+30.1
-42.0
-26.6
-24.9
-21.4
-7.2
-34.4
10
NEW BUILDING CONTRACTS AND AUTOMOBILE PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]
FACTORY EMPLOYMENT, MANUFACTURING, AND ELECTRIC POWER PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]
60
MINERAL PRODUCTION AND RAILROAD TON-MILEAGE
[Relative numbers, monthly average, 1923-1925, taken as 100]
140
11
REVIEW OF COMMERCE AND INDUSTRY IN 1927
PRODUCTION
Manufacturing production in 1927 was higher than
in any other previous year with the exception of 1926,
the decline from 1926 amounting to about 2 per cent.
The decrease from the previous year in the general
manufacturing index was largely due to the declines
registered in the output of pig iron, steel ingots, automobiles, and lumber. The consumption of cotton,
wool, and silk in 1927 was larger than in the previous
year, while the production of shoes was greater than
in any year since 1923.
The output of raw materials in 1927 was greater
than in the previous year, all major subgroups showing
increases except forest products. The production of
crude petroleum reached a new high record, while
bituminous-coal output, due to strike conditions within
the industry, showed a decline of about 10 per cent
from 1926. Copper production was lower than in
either of the two preceding years. The production of
electric power was larger than in any previous year.
COMMODITY STOCKS
Commodity stocks were generally higher in 1927
than in the preceding year, but at the end of 1927,
showed little change from the end of 1926. Stocks
of beef products at the end of the year were smaller
than a year ago, while pork products were held in
larger quantities. Stocks of raw sugar at refineries
were lower than at the end of the preceding year.
The visible supply of wheat was considerably greater
than on December 31, 1926, while the visible supplies
of corn, oats, barley, and rye showed substantial
declines. Cold-storage holdings of butter were greater
than at the end of the preceding year, while holdings
of American cheese showed a substantial decline.
Stocks of case eggs in storage declined from a year ago.
Stocks of cotton held at mills and warehouses were
lower than at the end of the previous year, while silk
stocks showed an increase. Stocks of steel sheets
held by independent steel manufacturers were lower
than a year ago, while zinc stocks held by refineries
were almost twice as large. Warehouse stocks of tin
were lower than last year. Stocks of tobacco were
greater than a year ago. Stocks of yellow pine lumber were also larger than at the end of 1926. Stocks
of flooring, both oak and maple, made a similar comparison.
SALES
The index of unfilled orders at the end of the year
was lower than at the end of the preceding year, the
general average for 1927 being considerably below the
average for 1926. Unfilled orders of the United States
Steel Corporation were larger than at the end of 1926,
while locomotive orders unfilled at the end of the
year were lower. Forward business for oak and maple
flooring on the books of manufacturers at the end of
1927 also showed declines from the preceding year.
New orders for fabricated-structural steel in 1927
were considerably larger than in the preceding year,
but new orders for steel castings, fabricated steel
plate and machine tools declined from 1926.
Department-store sales were lower than in 1926,
while sales of mail-order houses, ten-cent chains and
grocery chains showed larger volume.
PRICES
Prices received by farmers for their produce averaged lower than in the preceding year. Wholesale
prices also showed a decline from the level of 1926.
Retail food prices and the general index of cost-ofliving in 1927 showed lower averages than in 1926.
Wholesale prices for iron and steel were generally
lower than in the preceding year; petroleum prices
were also lower; prices for copper averaged higher;
while cotton prices were about the same.
BUILDING AND CONSTRUCTION
New building contracts awarded in 1927, measured
in value, were larger than at any other time on record
with the exception of 1926, the decline from 1926 being
less than 1 per cent. Construction costs showed little
change from the preceding year. Lumber production
was lower than in 1926. Production of face brick was
greater than in the previous year. Cement production
and shipments were each larger than in 1926. Shipments of sanitary enamel ware by manufacturers
showed declines from the preceding year.
BANKING AND FINANCE
Sales of stocks on the New York Stock Exchange
during 1927 showed the largest turnover on record.
Bond sales were larger than in any recent year with
the exception of 1924. More new corporate security
ssues were placed on the market than in any other
12 months. Stock prices, both industrial and railroads, reached new high points during the year.
Bond prices also averaged higher than in any other
prior period. Loans and discounts averaged higher
than in any other time on record. Interest rates, on
both time and speculative funds, averaged lower in
1927 than in the preceding year. New business of
life-insurance companies was only slightly smaller than
in the preceding year. Assets of life-insurance companies increased by more than one billion dollars.
Business failures were more numerous in 1927 than
in any other year since 1922. Defaulted liabilities of
failing business firms were greater in 1927 than in
any year since 1924.
12
SUMMARY OF INDEXES OF BUSINESS
PRODUCTION
The output of raw materials in December was
smaller than in either the previous month or December, 1926. In the case of mineral production, declines
were shown from both prior periods in all items except
petroleum, which increased over both periods, and
bituminous coal and zinc, which showed increased
production over November. Animal marketings
showed declines in all items except hogs and
milk, which increased over both periods, poultry
which increased over the previous month, and fish,
which increased over December, 1926. All crops
were marketed in smaller quantities than in either
except raw foodstuffs, which increased. As compared
with a year ago, all groups were higher except raw
foodstuffs, which declined.
SALES
Wholesale trade, measured in value, was smaller
than in either the previous month or December a
year ago. As compared with the preceding month,
all wholesale lines showed smaller business volume except meats, with the largest declines occuring in groceries, dry goods, men's and women's clothing, boots
and shoes, drugs and furniture. Contrasted with a
year ago, December wholesale trade showed declines
PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1920 monthly average=100. Adjustment has been made for the seasonal movement of stocks and relative number of working days for production. Unfilled orders are
principally those of iron, steel, and building materials. December, 1927, is latest month plotted]
i j i i j t i j1 M
I i i j i i j i i j i i I i i | i i | i i | i i I i i j i i j i i j i i
period, except grains, which showed an over increase
a year ago.
Manufacturing output, after adjustments for working-time differences, showed declines from both prior
periods. The unadjusted index showed increases
over both the previous month and December of last
year in the output of foodstuffs. Iron and steel production was greater than in the previous month but
smaller than a year ago, with paper and printing
making similar comparisons. Stone and clay products,
although lower than in the previous month, were produced in larger quantities than a year ago. All other
groups showed lower output than in either prior period.
COMMODITY STOCKS
Stocks of commodities, after adjustment for seasonal variations, showed a decrease from the preceding
month and no change from a year ago. As compared
http://fraser.stlouisfed.org/
with the preceding month, all groups were lower
Federal Reserve Bank of St. Louis
in a all lines except men's clothing and boots and
shoes, which increased. A decline of more than 5
per cent was registered in furniture, all other declines
from a year ago being less than 5 per cent.
Retail trade in December, as measured by department-store sales, was higher than in either the preceding month or in December, 1926. Departmentstore merchandise stocks were slightly higher than in
November but lower than a year ago. Sales by mailorder houses and 10-eent chain stores showed increases over both the preceding month and December
of the preceding year. Other chain stores showed
larger business than in either the previous month of
December, 1926, except cigar chains and music chains,
which had a smaller volume of business than a year ago.
The index of unfilled orders for manufactured commodities at the end of December was higher than at
the end of the previous month but declined from a
year ago.
13
PRICES
The general index of wholesale prices showed
practically no change from the preceding month but
was lower than in December, 1926. Declines from
November in the prices for food, textile products,
fuel and lighting, chemicals and drugs, and housefurnishing goods, approximately counterbalanced increases in farm products, hides and leather products,
metals and metal products, building materials and
miscellaneous items. As compared with a year ago,
prices for farm products, hides and leather products,
and textile products, were higher, all other groups
either declining or showing no change.
but meat animals and cotton and cottonseed declined.
As compared with last year, all groups were higher in
price except meat animals and dairy and poultry
products, the principal increases occurring in cotton
and cottonseed prices.
EMPLOYMENT
Factory employment in December showed declines
from both the previous month and the same month of
last year. As compared with the previous month,
employment in all industrial groups was lower except
in the paper and printing, vehicles, and certain miscellaneous industries, which increased. As compared
with a year ago, employment was lower in all groups.
Factory pay-roll payments in December were also
smaller than in December, 1926, but showed an
WHOLESALE PRICE COMPARISONS, BY GROUPS
[1926 monthly average=100. December, 1927, is latest month plotted]
120
• ".^-METALS, AND MET/*
80
As reclassified, the general index of wholesale
prices showed an increase in producers' goods over the
previous month, while consumers' goods declined in
price. Prices for raw materials showed no change
from the previous month. Contrasted with a year
ago, prices for raw materials and consumers7 goods
were higher, while producers' goods were lower. Commercial indexes showed higher prices for December
than in either the previous month or December, 1926.
The index of prices received by farmers for their
produce showed no change from the preceding month
but was higher than a year ago. As compared with
November, increased prices were registered for grains,
fruits and vegetables, and dairy and poultry products,
increase over November. As compared with the
previous month, increased pay-roll payments were
registered in the textile, iron and steel, leather, paper
and printing, chemical, nonferrous metal, and vehicle
industries. As compared with a year ago, declines
were registered in pay-roll payments of all groups,
except paper and printing.
Voluntary quits of factory labor in December were
smaller than at any time since these figures became
available in 1919. Factory lay-offs, although smaller
than in the preceding month, were higher than in
December, 1926, with discharges making a similar
comparison. Industrial accessions were smaller than
in either the previous month or December, 1926.
14
REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES
Receipts of wool at Boston during December were
higher than in the previous month but smaller than a
year ago. For the year as a whole, Boston receipts
were smaller than in 1926. Consumption of wool by
textile mills was smaller than in either the previous
month or December, 1926. Wool consumption during
1927 was slightly larger than in 1926. Wool machines
were less active in December than in either the previous
month or the corresponding month of last year.
Receipts of cotton into sight were smaller than in
either the previous month or in December a year ago.
Exports of unmanufactured cotton were smaller than in
Imports of raw silk were greater than in November
but smaller than a year ago. For the year 1927 as a
whole, however, silk imports were larger than in the
previous year. The consumption of silk by textile
mills, as indicated by deliveries, though smaller than
in the previous month, was greater than a year ago.
Silk consumption in 1927 showed an increase over the
previous year. Silk stocks at the end of the year
showed larger holdings, both at manufacturing plants
and at warehouses, than a year previous. Imports of
rayon were larger than in either prior comparative
period, the total for the year 1927 being about 60 per
cent greater than in the previous year.
THE TEXTILE INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. December, 1927, is latest month plotted]
40
1920
1921
1922
1923
1924
1925
1926
1927
1920
1921
1922
1923
1924
1925
1926
1927
1926
1927
1920
I92i
1922
1923
1924
1925
1926
1927
"ft
CONSUMPTION
\L
XI
COTTON
1920
1921
1922
1923
1924
1925
either prior period, while consumption of cotton made
similar comparisons. Cotton consumption in 1927,
however, was greater than in the previous year.
Stocks of domestic cotton at mills and warehouses
were smaller at the end of 1927 than at the end of the
previous year, with the world's visible supply showing
the same condition.
Cotton finishers showed lower activity in December
than in either the previous month or the same month
of last year. The production of cotton textiles, however, was greater than in either prior period; Cotton
cloth exports were lower than in November but were
higher than in December, 1926.
Prices of textiles and textile products showed little
change from either prior period. Cotton prices were
uniformly lower than in the previous month but
higher than a year ago. On the whole, the average
price of cotton in 1927 was practically the same as in
the preceding year. The price of raw silk strengthened
in December but was still below the level of a year
ago. The average price of silk in 1927 was substantially lower than in 1926. Prices for wool and woolen
goods were stronger in December than in the same
month of the previous year, but for the year as a whole
averaged lower than in 1926.
15
METALS
The consumption of iron ore in December was
larger than in the previous month for the first time
in several months; the December consumption, however, was smaller than a year ago, with the total for
the year as a whole also showing a decline from 1926.
Stocks of iron ore at the end of the year were lower
than at the end of the previous year. Pig-iron production during December was slightly larger than in
the previous month but was lower than in December,
1926. The pig-iron output for 1927 was lower than
in 1926. Fewer furnaces were in blast at the end of
were substantially larger than at the end of 1926.
New orders for structural steel were greater in December than in either prior period, while the total for the
year was substantially larger than in 1926. New
orders for fabricated steel plate were also greater than
in either prior period, but the 1927 total was smaller
than in the previous year.
Mine production of copper was smaller than in
November, showing a decline also from December,
1926. The 1927 output was lower than in 1926.
Stocks of blister copper held in North and South
America wTere lower than a year ago, although refined
THE METAL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. December, 1927, is latest month plotted]
NON-FERROUS PRODUCTION
INDEX \
1920
1921
1922
1923
1924
1925
1926
1927
1920
1921
1922
1923
1924
1925
1926
1927
(920
1921
1922
1923
1924
1925
1926
1927
1920
1921
1922
1923
1924
1925
1926
1927
I0OA
December than for either the previous month or a
year earlier.
Production and shipments of malleable castings
were greater than in November but smaller than a
year ago. The output of steel ingots showed an increase over the previous month but was smaller than
in December, 1926? the total output for the year being
also smaller than in 1926. Unfilled orders for steel
at the end of the year were higher than at the end of
either the previous month or at the end of 1926. New
orders for steel castings in December were larger than
in the previous month but smaller than a year ago.
The production of steel sheets by independent
manufacturers was greater than in either the previous
month or December, 1926. Unfilled orders for sheets
copper stocks were larger. Exports of refined copper
in December were larger than for either prior comparative period; total exports during 1927 were considerably greater than in the previous year. Imports
of tin in December were smaller than in either the
previous month or December, 1926, with the year's
total also showing a decline from 1926. Deliveries
of tin to consuming establishments made similar
comparisons.
The output of zinc, although larger than in the
previous month, was smaller than in December of
the preceding year. Zinc stocks held at refineries at
the end of the 3^ear were almost twice as large as a
year earlier. The production of lead w^as smaller than
in December, 1926.
16
ago, was larger than in November; for the year as a
whole sole leather output w^as greater than in 1926.
Prices for leather averaged higher than in either prior
period. Shoe production in December was larger
than a year ago, the year's total also showing an
increase over 1926.
FUELS
The production of coal, both bituminous and anthracite, was lower in December than in the same month
of 1926, anthracite production showing a decline also
from the previous month. For the year as a whole,
coal production was smaller than in 1926. The output of coke in December was smaller than a year ago.
PAPER AND PRINTING
Prices for coal and coke were generally lower than a
Production of wood pulp, both mechanical and
year ago.
chemical, was smaller than a year ago, with the year's
AUTOMOBILES AND RUBBER
total also showing a decline from 1926. Imports of
chemical
wood pulp showed increases in December
The December output of automobiles, both passenover
both
the previous month and the same month of
ger cars and trucks, was smaller than in either the
THE FUEL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100.
December, 1927,
is latest month plotted where data were available]
COKE PRODUCTION
COAL PRODUCTION
liilnlii
1920
1921
1922
100
PRODUCTION
i i l n l i . ! . . . . I . . I • 11 • 11 * • 1 1 . 1 • • I
1923
1924
, t l i . I i .!•.
, , l i . - | n l i i i i l i i l n !.. l i . l i . i
1925
1926
1927
1920
1921
1922
1923
1925
1926
lnl.,1,
1927
1920
1921
1922
1923
1924
1925
1926
1927
L
CRUDEPETROLEUM
1920
1921
1922
1923
1924
previous month or the same month of 1926. For the
year as a whole automobile output showed a substantial decline from the previous year. Exports of assembled cars were likewise smaller than in either prior
period but for the year 1927 shipments of automobiles
abroad were considerably larger than in 1926. Imports of crude rubber in December were smaller than
during either prior comparative period, but the price
of rubber averaged higher.
HIDES AND LEATHER
Imports of hides and skins in December were
greater than in either prior period while the total for
the year was considerably larger than in 1926. Production of sole leather, although smaller than a year
1924
1926
last year but mechanical pulp imports were larger
only than a year ago.
The output of newsprint paper was smaller than in
either the previous month or the same month of last
year, with the year's total making a similar comparison. Canadian production of newsprint in 1927 was
substantially greater than in the previous year.
Although newsprint imports in December were lower
than in the previous month, the total for the year
was substantially larger than in 1926. Stocks of
newsprint held at the mills at the end of the year,
both domestic and Canadian, were more than twice as
large as a year ago. Prices for newsprint showed no
change from the previous month but were generally
lower than a year ago.
17
BUILDING
Contracts awarded for new buildings, measured in
value, were larger in December than in the previous
month but smaller than a year ago. For the year
1927 as a whole, the value of new building contracts
was only slightly smaller than in the preceding year.
Building costs in 1927 showed little change from the
preceding year, some types of construction rising
slightly while others averaged lower than in 1926.
Fire losses during the year were considerably lower
than in 1926.
LUMBER AND LUMBER PRODUCTS
The output of most kinds of lumber in December
was lower than in the previous month but greater
than in the preceding year, while Douglas fir exports
were smaller. Production of walnut lumber during
the year was larger than in 1926 but shipments showed
a decline. Stocks of walnut lumber at the end of the
year were higher than at the end of the previous year
while unfilled orders were lower.
STONE AND CLAY PRODUCTS
Production, shipments, and unfilled orders for
face brick were greater than in December, 1926. The
production of Portland cement was also greater than
a year ago, while shipments showed a decline. Cement production in 1927 was considerably larger
than in the previous year, with shipments making a
similar comparison. Cement stocks held by manufacturers at the end of the year were greater than a
THE BUILDING-MATERIAL INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. December, 1927, is latest month plotted]
I92P
1920
1922
1923
1924'
1925
1926
1927
1920
1922
1923
1924
1925
1926
1927
1922
1923
1924
1923
1926
1927
1920
1922
1923
1924
1925
1926
1927
than a year ago. New orders for lumber showed
increases over a year ago for Southern pine but
Douglas fir and California redwood showed a decline.
As compared with the year 1926, lumber production
was generally lower in 1927; lumber shipments covering the principal species were likewise smaller. Stocks
of lumber at the end of the year showed larger holdings of Southern pine than a year previous but smaller
holdings of Western and California white pine.
Prices for lumber were generally lower in December
than in either the previous month or the same month
of last year, while the average for the year was likewise
lower.
Exports of Southern pine in 1927 were greater
http://fraser.stlouisfed.org/
80484°—28
Federal Reserve Bank of
St. Louis
2
year previous. New orders placed for concrete pavements during the year were larger than in 1926. New
orders for terra cotta in December were smaller than
in either the previous month or the same month of the
preceding year, while for the year as a whole the same
comparison was shown. The production of polished
plate glass in December, although smaller than in
November, was greater than a year earlier. Glass
production in 1927 showed a decline from the preceding
year. The production of glass containers in December was greater than in either the previous month or
the same month of 1926, while the total for the year
also showed an increase over the preceding year.
18
CHEMICALS
Imports of nitrate of soda in December were smaller
than in the previous month but greater than a year
ago, with the year's total showing a decline from 1926.
Imports of potash in December were smaller than in
either prior period, the 1927 total also showing a decline from the previous year. Consumption of fertilizers in Southern States increased over a year ago but
for the year 1927 consumption was smaller. Exports
of fertilizers in December were greater than in the
previous year and the year's total also showed an
increase over 1926.
Receipts of cattle and calves at primary markets
were smaller than in December of the previous year,
while hog receipts w^ere considerably larger. Receipts
of sheep and lambs, however, declined from the year
previous. Local slaughter of cattle and calves was
smaller in December "than in either the previous month
or the same month of the preceding year; slaughter of
hogs, on the other hand, was greater than in either
prior period. Cold-storage holdings of beef at the
end of the month, although higher than at the end of
the previous month, ¥/ere substantially lower than a
year ago Beef production under Federal inspection
THE FOODSTUFFS INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. December, 1927, is latest month plotted]
1920
1921
1922
1923
1924
1925
1926
1927
1920
1920
1921
1922
.1923
1924
!925
1926
!927
1920
FOODSTUFFS
The visible supply of wheat at the end of December
was substantially larger than a year ago, both in the
United States and in Canada. Domestic receipts and
shipments of wheat at primary markets were also
larger than a year ago, while exports of wheat were
smaller. The visible supply of corn at the end of the
year was smaller than a year ago. Grindings of corn
for starch and glucose manufacture, while smaller than
in November, were greater than a year ago. Corn
exports were substantially lower than in December,
1926. The visible supply of oats and barley also
showed declines from last year, while the supply of
rye was considerably smaller than a year ago. Prices
of grains w^ere generally higher than in the previous
month, increases being registered over a year ago in
the principal grains except wheat, which was lower.
1921
1922
1923
1924
1925
1926
1927
1922
1923
1924
1925
1926
1927
was smaller than in either prior period. Cold-storage
holdings of pork products were larger at the end of
December than at the end of either the previous
month or the same month of a year ago. Production
of pork products in December made similar comparisons with both prior periods.
Sugar meltings were smaller than in either the
previous month or December, 1926, imports of raw
sugar making similar comparisons. Refinery stocks of
sugar at the end of the year were substantially smaller
than at the end of the previous year. Prices for
sugar, both wholesale and retail, averaged lower than
in either prior period. Imports of coffee were larger
than in either the previous month or December of the
preceding year while the world visible supply showed
a substantial gain over a year earlier.
19
TRANSPORTATION
Traffic on inland waterways was smaller than a year
ago with the exception of the Cape Cod Canal and
the Ohio River between Pittsburgh and Wheeling.
Car loadings showed a considerable decline from the
preceding year. New orders for freight cars in December were greater than at any time during the year.
Unfilled orders for locomotives at the end of December were greater than at the end of the previous
month but smaller than a year ago.
DISTRIBUTION MOVEMENT
Sales by the leading mail-order houses were greater
than in either the previous month or December, 1926.
from the previous month but were lower than a year
ago. Prices of stocks and bonds averaged higher than
in either the previous month or in December, 1926.
Business failures were more numerous in December
than in either prior period, liabilities of failing firms
making similar comparisons. Dividend and interest
payments were larger in December than in either the
previous month or December, 1926. The gross debt
of the Federal Government was reduced by more
than $1,000,000,000 during the year 1927. New
paid-for life insurance, although greater than in the
previous month, was lower than a year ago, with the
total for the year as a whole also showing a decline
from 1926.
THE AUTOMOBILE AND RUBBER INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. Where available, December, 1927, is latest month plotted]
AUTOMOBILE EXPORTS
1
111
it 11111
• 1 r , 1 ! . i i i 11 11 i 1 i-11 > i 11 I 111 I !• 11
i !11111
1111' 1111
I i . 1111 n 11 11
1923
1924
1925
1926
1927
1921
19
1922
1923
1924
1925
Hln'nlii
1926
1928
300
200
150
DCKS
AK N
100
TV
/
80
V
SHIPK l E N T S - ^
40
/VJ
'K-PROD UCTION
/
20
PNEUI\ IATIC T RES
1921
1922
1923
1924
Hllllllll
1925
1926
1928
Sales by 10-cent stores made similar comparisons.
Postal receipts also exceeded the volume of both the
previous month and December, 1926. Newspaper
advertising, however, fell off from the totals of both
the previous month and the corresponding month of
the preceding year.
BANKING AND FINANCE
Check payments, both in and outside New York
City, were larger than during either the previous month
or the same month a year ago. Loans and discounts
of Federal reserve member banks were greater than
for either prior period. Brokers7 loans made by Federal reserve member banks in New York City also
exceeded those for either period. Interest rates on
http://fraser.stlouisfed.org/
both time and speculative funds showed little change
Federal Reserve Bank of St. Louis
10
1 l l 1 1 1 l l l |i| i
1921
hilnln
1922
11 in h i h i n i l i l u l l i ii I l i l n l n
1923
1924
1925
In!
1926
,1 1 M | | | ] | >
niiihiin
1927
1928
GOLD, SILVER, AND FOREIGN EXCHANGE
Domestic receipts of gold at the mint were smaller
than in either the previous month or December, 1926.
In contrast with a year ago, gold exports exceeded
imports during December. Domestic production of
silver was smaller than in either prior period, while
silver exports showed an advance over both periods,
the exports in December being almost twice as great
as the imports. The price of silver averaged higher
in December than in either the previous month or
the same month of the preceding year. Exchanges
on the principal foreign countries showed little change
except for rates on England, Sweden, Japan, Argentina, and Brazil, which averaged higher than in the
previous month. Compared with a year ago, rates
on England, Sweden, Argentina, and Brazil were
higher, but the Japanese yen showed a decline.
20
INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the detailed trend in production, in
various groups of industry and commerce not covered in the summary on page 24.
PER CENT INCREASE ( + ) OR
DECREASE (—)
1937
Maximum
since
Jan. 1,
1920
Minimum
since
Jan. 1,
1920
October
180
73
179
165
165
December,
December,
1927
1927
from
j
from
November, \ December,
1927
I
1926
Novem- December
ber
October
165
140
180
148
137
153
135
234
105
94
51
135
184
130
93
106
130
235
106
81
0
133
182
139
77
101
+ 0.4
+ 1.0
-13. 8
-13.5 !
+ 2.6 !
-28. 9
-21.4
-1.5
-1. 1
+ 6.9
-17.2
-4.7
-7.0
-4.7
-4.8
-14. 4
-15. 1
Novem- December
ber
PRODUCTION
(Relative to 1919 monthly average as 100)
RAW MATERIALS
Grand total
.
-14.3
-9.3
MINERALS
Total
Petroleum
Bituminous coal
Anthracite coal
Iron ore*
Copper
Lead
Zinc
Gold
Silver
256
155
122
273
152
193
149
131
145
63
105
41
0
0
17
78
38
57
80
219
141
118
238
149
189
141
110
108
158
220
154
101
100
148
183
138
106
101
150
229
149
103
1
143
191
146
90
119
245
113
101
171
137
179
133
98
105
ANIMAL PRODUCTS (marketings)
Total
Wool*
Cattle and calves
Hogs
Sheep
Eggs*
Poultry
Fish.J
Milk (New York)
138
314
143
177
153
245
390
192
190
80
19
58
64
54
30
21
45
94
117
39
130
87
136
59
157
137
145
135
47
120
95
85
49
353
115
136
136
56
90
105
75
63
388
77
141
118
51
128
81
158
59
147
158
154
134
51
114
98
84
51
310
122
145
133
49
82
113
71
51
355
79
145
-0.8
-3.9
-28. 1
+ 15.3
-15. 5
0.0
+ 14. 5
-35.2
0.0
-3.4
-12. 5
-8.9
+ 7.6
-5.3
-19. 0
-8.5
+ 2. 6
+2.8
CROPS (marketings)
Total
Grains*
Vegetables*
Fruits*
Cotton products*
Miscellaneous crops*
346
242
254
405
346
170
49
43
58
50
12
18
333
135
250
399
346
137
199
108
137
202
343
142
149
90
104
104
251
117
338
193
270
369
284
166
173
130
149
152
244
147
139
126
102
89
155
106
-35.4
-3. 1
-46. 1
-1.9
-36.5
-27. 9
-13.4
+ 40.0
-1.9
-14.4
-38.2
-9.4
136
137
164
356
149
61
59
51
20
24
130
119
89
209
107
113
110
108
184
107
106
102
97
209
102
119
115
109
248
106
117
110
120
251
103
106
100
119
198
94
-9.4
-9. 1
-0.8
-24.7
-8.7
0.0
-2.0
+ 22. 7
-5.3
-7.8
138
143
135
133
152
166
115
127
211
190
195
147
164
71
68
77
54
32
57
63
69
92
69
71
70
37
133
133
111
112
138
148
96
125
,207
162
178
137
129
131
131
101
113
127
137
84
123
205
144
154
128
105
113
113
102
116
119
127
82
118
210
115
142
104
133
133
121
118
111
138
99
100
211
180
155
142
95
111
111
107
118
104
127
83
102
206
155
139
135
74
106
106
109
103
106
118
79
104
199
131
129
103
77
-4.5
-4.5
+ 1.9
-12. 7
+ 1.9
-7. 1
-4.8
+ 2.0
-3.4
-15. 5
-7. 2
-23. 7
+ 4.1
-6.3
-6.3
+ 6. 9
-11. 2
-10. 9
-7. 1
-3.7
-11. 9
-5.2
+ 13. 9
-9.2
-1.0
-10. 5
3•
ry
i
FOREST PRODUCTS
Total.
Lumber
Pulp wood
Gum (rosin and turpentine) *
Distilled wood
MANUFACTURING
Grand total (adjusted for working days)
Grand total (unadjusted)
Foodstuffs
Textiles
Iron and steel
Lumber
Leather
Paper and printing
Chemicals, oils, etc
Stone and clay products
Metals, excepting iron and steel
Tobacco
Miscellaneous
86
I
* Fluctuations between maximum and minimum due largely to seasonal conditions.
21
PROSPECTIVE CARLOADINGS, FIRST QUARTER OF 1928
Commodity loadings by railroads in carload lots
for the first quarter of 1928 are estimated by the regional advisory boards set up by the American Railway Association at somewhat more than 2 per cent
below the corresponding loadings in the first quarter
of 1927. These estimates are compiled from detailed
reports of committees representing shippers of the
various commodities, as first described in the August,
1927, issue of the SURVEY OF CURRENT BUSINESS,
page 20, and are comparable to similar data published
in the November, 1927, SURVEY, page 21. The boundaries of the various economic districts set up by these
boards are shown in the accompanying chart.
The estimated decline from a year ago in total loadings is largely due to the decrease of 6 per cent in
loadings of coal and coke, these items making up more
than one-third of the total. Large decreases are also
estimated in loadings of cotton and cottonseed, fruits,
both citrus and other, fresh vegetables, except potatoes, and hay, straw, and alfalfa, each of these groups
showing prospective declines of 5 per cent or more.
Loadings of livestock are estimates to run 2 per cent
lower than a year previous. Numbered among the
principal increases are flour and other mill products,
potatoes, petroleum and petroleum products, automobiles, and fertilizers.
Although a decline is estimated for the country at
large, increases are forecasted for the New England,
Atlantic States, the Great Lakes, Northwest, central
western, Pacific coast, and the Pacific northwest
districts, the estimated decline in the grand total
loadings, all other districts showing declines in prospective loadings.
Anticipated increases over a year ago of more than
2 per cent were reported for the Great Lakes, central
western, and Pacific coast districts. For the Great
Lakes district the estimated increase in loadings of
automobiles, trucks, and parts amounts to 14 per cent.
This groups represents about one-third of the total
loadings of the Great Lakes district. In the central
western district, grains and petroleum and petroleum
REGIONAL ADVISORY BOARD
'
N.OAK.
1
S.OAK.
•W.T.
/ ^
i ~, L
r-u\
I -*
•
1?
s. I 1
1 V ic
" ^
Y
IOWA
NESB.
i
KANSAS
;
DISTRICTS
\
\
C '—
|
a;i:/
OK
2.
products combined represent more than 25 per cent
of the total loadings of this district; the anticipated
increases in these groups are 47 per cent and 10 per
cent, respectively. All districts registering declines
show expected decreases of more than 2 per cent with
the greatest relative declines occurring in the Allegheny and the Ohio Valley districts, each showing an
estimated falling off of 6 per cent.
PROSPECTIVE CARLOADINGS, FIRST QUARTER OF 1928
COMPARED WITH ACTUAL LOADINGS SAME QUARTER OF 1927
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of cars
COMMODITY G R O U P S
Actual
1937
Estimated
1938
Per
cent
inc.
ALL DISTRICTS
Number of cars
Per
cent
inc.
Number of cars
Esti(+)
Actual mated
or dec. Actual
1937
1927
1928
District No. 12
NEW ENGLAND
Estimated
1928
Per
cent
inc.
(
v
District No. 8or dec.
()
ATLANTIC STATES
Number of cars
Per
cent
inc.
Esti(+)
mated or dec
1928
()
District No. 9
ALLEGHENY
Actual
1927
Grain, all
346, 366
1,573
341, 068
1,560
2,521
+1.2 19, 732 19, 740
-1.5
2,550
Flour, meal, and other mill products
226, 741
878
17, 730
1,122
233, 530
+3.0
-1.6
17, 719
2,540
2,500
Hay, straw, and alfalfa
100,150
1,718
1,443
11,495
94, 255
11,494
+0.9
-5.9
2,557
2,580
105, 831
Cotton
_
73, 326 - 3 0 . 7
+8.9
1,295
1,410
103,477
Cottonseed and products, except oil
72,476 - 3 0 . 0
-11.8
30
34
40, 775
Citrus fruits
35,972 - 1 1 . 8
20 +17.6
17
46, 636
2,700
Other fresh fruits
38,582 - 1 7 . 3
1,995
7,618 - 4 2 . 0
+5.7
13,134
1,200
1,135
67, 794
+4.8 13,361 10, 780 - 1 9 . 3
116
111
Potatoes
8,883 +12.0
71,080
7,932
60, 510
-6.7
11
11
Other fresh vegetables
_
56,466
8,471
9,318 +10.0
+4.1
1,150
1,105
-2.0
378, 005
562
543
Livestock
.
_.
370, 305
+1.3
925
913
3,173, 078 2,980,428
-6.1
941,197
-1.0
Coal and coke
354,696 354,700
29,800
30, 087
-2.9
163, 515
-2.4
Ore and concentrates
158, 700
25,114
26,717
200
205
-6.0
+0.6
-8.6
587,146
590,459
59,315
Clay, gravel, sand, and stone i
65,614
69,280
69,280
5,350
5,853
+0.3 41,649 44, 565
+7.0
959, 385
962,467
Lumber and forest products
__.
13,151
43, 754
11,718
43, 754
+4.4
537,868
515, 096
Petroleum and petroleum products
69,015
27,980
28,343
65,729
19,480 +10.0
17, 712
+4.9
41,825
Sugar, sirup, glucose, and molasses
43, 862
10,610
225
225
10, 606
2,680
2,683
-1.4
472, 795
Iron and steel..
466, 363
86, 706
197, 210
186,167
86,706
+9.9
3,685
3,352
-0.9
61,311
Castings, machinery, and boilers
15,610
5,668
60, 736
4,483
15, 610
-4.7
5,292
5,540
+3.6
128, 698
Cement
_
133, 271
38, 390
5,363
6,007
+8.9
+5.0
744
810
+6.4
150, Oil
Brick and clay products
159, 540
21,339
31,189
-8.5
31,220
23, 321
-8.5
3,275
3,578
+0.8
Lime and plaster
59,463
59, 918
22, 514
1,673
-9.0
1,678
+5.0
2,913
2,652
21,442
Agricultural implements and vehicles (other
than automobiles)
30, 791
33,084
3,386
3,603
+7.4
652
650
Automobiles, trucks, and parts
195, 518
219, 950 +12.5
803
899
+0.5 12,011 12, 011
2,538
2,550
Fertilizers, all kinds
164,930
180,195
1,433
1,505
+9.3
+0.3 16, 774 18, 082 +7.8
6,679
6,700
Paper, printed matter, and books
64, 595
73, 557 +13.9
4,115
4,502
+3.6 23,902 26, 053 +9.0
2,914
3,020
Chemicals and2 explosives.
63,974
68, 662
9,841
9,772
+4.7 13,425
14, 767 +10.0
+7.3
2,349
2,460
Canned goods __
34,117
34, 751
829
-25.8
8,093
8,093
933
+1.9
1,092
810
Total,
all
commodities
listed
J, all commodities listed
8,342,533 8,150,871
- 2 . 3 155,770 157,372
+1.0
907,110
910,822
+ 0 . 4 1,317,235 1,
1,2c
238,116
http://fraser.stlouisfed.org/
Including crude and powdered gypsum.
2 All canned food products, including catsups, jams, jellies, olives, pickles, preserves, etc
Federal Reserve Bank of St. Louis
-0.8
+27.8
-16.0
-26.1
-4.3
-3.4
-6.4
-9.6
-10.9
+1.3
-5.6
-20.9
+12.0
+0.1
+0.3
+6.4
+11.9
+5.0
+9.4
-0.7
+12.5
-6.0
22
PROSPECTIVE CARLOADINGS, FIRST QUARTER OF 1928—Continued
COMPARED WITH ACTUAL LOADINGS, SAME QUARTER OF 1927
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of
cars
COMMODITY GROUPS
Per
cent
inc.
Number of
cars
Per
cent
inc.
27,816
31, 768
12, 607
Other fresh fruits
Potatoes
Other fresh vegetablesLivestock
Coal and coke
Ore and concentrates...
1,483
4,527
2,248
11,281
19, 081
29, 248
1,250 -15.7
6,997
4, 758
4,000 -11.
3, 667i
4,034
2,100 -6.6 12, 259| 12, 749
10,165
-9.9 11, 9651 12, 563
17, 050 -10.6 175,046: 162,181
28,500
-2.6 38,7831 40,705
Clay, gravel, sand, and stone 1
Lumber and forest products
Petroleum and petroleum products..
Sugar, sirup, glucose, and molasses..
Iron and steel
22, 603
17, 244
15.078
2,885
55,401
20,442
17, 565 +1- 311, 355 305, 362
13, 500 -10.5 48,119 52, 931 +io!o
2,830 - 1 .
8,279 8,486 +2.5
56,000 +1.1 2 7 " " " 29,914 +8.0
Castings, machinery, and boilers
Cement
Brick and clay products
Lime and plaster
Agricultural implements and vehicles,
other than automobiles
12.079
5,247
8,342
10,170
12, 320 +2.0
5,200
-0.9
14,800 +77.4
9,320 -8.4
27,000
30,000
10,000
-2.9
-5.6
-20.7
7,030
17,378
4,515
46,125!
47,8531
19,846
Other fresh fruits
Potatoes
Other fresh vegetablesLivestock
Coal and coke
Ore and concentrates...
139, 537
2,386
11,913
15, 772
2,465
1,200
158, 863
2,000
14,400
17, 800
2,285
463, 257 478, 590
-42.2
+13.9
-16.2
+20.9
+12.9
-7.3
+7.0
+15.0
39,352i
31,479
-20.0
3,1071
3,150
+1.4
-25.0
-48.0
-21.0
cars
+3.2
-7.4
84, 583!
35, 258J
12,084
84, 583
37, 726
12, 084
347
535
1,623
1,623
8, 098|
3,204
„,_„3,204
122,569 122,569
447,327 3 400,000
5,111|
4,000
92, 280
3,950
-1.3 62, 2331 62, 233
+16.3 127, 685! 135, 200
23, 402
23, 850
+1.'
23,9171
6, 889
57,915;
17,
1
14, 718
18, 400
14,050
+4.5
93,542
3,397
-4.5
49,156
44,804
12, 657
-8.5
45,000
45,000 +0.4
11, 390 - 1 0 . 0
Clay, gravel, sand, and stone 1
Lumber and forest products
Petroleum and petroleum products..
Sugar, sirup, glucose, and molasses..
Iron and steel..
28,373
35, 717
53, 386
25, 536 - 1 0 . 0
32, 450 - 9 . 1
56, 586 +6.
Castings, machinery, and boilers
Cement
,
Brick and clay products
Lime and plaster
Agricultural implements and vehicle
other than automobiles..
1,425
9,032
8,118
3,847
25,113
6,889
58,000
+7.0
-10.6
-21.
+5.9
+5.0
13,129] 13,129
43, 424
33, 306
9, 317
45, 000!
35, 637^
9,3171
3,158
9,839
489
49,456
47, 595
3,165
3,158
.
12, 000; +22. 0
489
49,456 .
.
47,595!.
3,165!.
932;.
2,600!
1,082'
+10.0
2,330
2, 901
+17. 2
1,019
+4.9
+ 10.0
+5.2
1, 296!
267|
958i
10, 091
26,000
8,255
+11.2
17, 559
19, 314
18, 698
3,733
5,317
7,561
9,980
21, 920
3, 733;
5,577
8,317
10,500
+3. 6
+7. Q
3,706 1,000' - 7 3 . 0
50, 371 50,371L
4,401 4,621! +
684
753! +10.0
3,367 3,703: +10.0
932
2, 562!
1, 082
506
10, 091
23, 375
8,255
2,385
5,758
6,100
+5.9
1,085 - 2 3 . 9
9,032
11,080 +36.5
-9.0
3,500
1,796
2,065
+15.0
10,836
12,000
+10.7
444,330 433, 879
2,623
+10.0
2, 725 2, 725
118, 832 130, 715 +10.0
1,081
1,103 +2.0
10,246 10, 246
1,571
1,728 +10.0
943
514
766
624
317
559
26, 355
19,440
6,054
32,175
27, 452
838
2,403
1,382
7,411
20, 337
18, 532
573
2,523
1,451
7,781
21, 354
19, 458
545
46,846 51, 530
97, 393 102, 262
181, 775 187, 229
5, 348
4,457
6, 288,
7,530
7,233
4r~
607
1,891
3,996
172
1,556
551
1,457
8,433
7,594
5,048
-20.0
+5.0
+5.0
-40.0
-20.0
+50. 0
+5.0
+5.0
+5.0
+5.0
+5.0
-5.0
728
+20.0
+30.0
+30.0
+4.7
+4.9
+4.9
-2.0
+11.
+6.0
- 6 . 3 1,117,112 1,089,076:
District No. 10
CENTRAL-WESTERN
+1.5
550
6,621
6,597
7,852
3,516
1,016
17,! "
6,500
6,550
7,000
3,800
1,075
16,900
671
1,000
13, 278 15,000
+49.0
+13.0
60, 899 56,000
92, 630 9,000
11,419 10,500
-8.0
-2.8
-8.0
5,625
1,210
24,335
10, 348
8,359
34,023|
5,600
1,200
17,800
10,600
8,200
34, 050
6,100
3,900
30,000
3,000
1,900
+2.4
+5.6
+10.0
+41.4
-5.5
3,000
900
+10.4
+14.1
800
1,019
529,.
1,296:.
267 _
1,054j
-1.8
-0.7.
-10. 9
rlO.O
+1.7
District No. 14
PACIFIC NORTHWEST
7.065
7,609
5,099
+8.l'_
+5.8.
-5.5.
I
6, 52.=
-0.4
3,268
-0.8
612
-26. 9
+2.4J 1,667
-1.9!
13, 653
5,408
45,422 58, 850 - 2 9 . 6
45, 278 45,200
-0.2
43, 796 44,700 +2.1
2,980 3,023 +1.4
3,330 3,425 +2.9
3,555
6,022
16
657
8,271
8,441
4,550
+ 17.1
+10.9
-10. &
6,795
4.423
1, 614!
1,6241
13, 697!
4,82l!
+4. 1
+35. 3
+163. 7
-2.6
+0.3
-10.9
4, 250 +19. 5
-1.5
166,170
6,350 +5.4
18 +12.5
625
-4.9
13,000
2,875
+0.8
+1.5
414
3,8001
1, 597!
353
365
3,112
1. 600
355
-11.8
-18.1
5,050
5,100
1,836
2,633
+31.1 6,r~
4,323
3,081
6,840
+1.0
+135. 5
+17.0
+0.5
410
431!
1,839i
324!
1,162|
405
474
2,285
319
1,130
-1.2
+10.0
+24.3
-1.5
-2.8
2,833
293,345! 300, £
529i
+24. 5
!
- 2 . 5 273, 759j 278,495'
District No. 11
PACIFIC COAST
36,000 +46.6
10, 790 +4.1
10,000 -12.1
1,000 +8.2
18,500
-6.2
2,500 +2.9
24, 550'
10,370
11, 377
924
19, 722
2,429
+10.0
5,956
+5.0
3,693
+3.0 27,181
+20.0 2,121
+5.0
2,010
+5.0
2,718
+12.0
+5.0
+5.0
2,458
5,194
180
1,633
578
- 2 . 4 562, 553 551, 386
11, 263
10, 818
- 3 . 0 1,160,457,1,086,989
District No. 7
SOUTHWEST
32,
18,
5,
53,
34,
10,137
10, 210
+2.6
300, 254
309, 692
1
Including crude and powdered gypsum.
2
All canned food products, including catsups, jams, jellies, olives, pickles, preserves, etc.
* Production somewhat dependent upon outcome negotiations. Joint Wage Commission, report of which is expected in February.
Number of 1
cars
I Per
cent
inc.
District No. 3
NORTHWEST
District No. 1
MID-WEST
535|
36
26,174 27,000
918,810 850,749
Per
cent
inc.
(+)
Estimate^ «*«**
mated or dec. Actual
1927
)
1928
1928
347J
-32.0
2,656 2,815 +6.0
16,472 17, 2961 +5.0
24, 625 24, 625'
5,496 6,046 +10.0
+3.3 1,107,167 1,073,870
1,062 - 1 0 . 2
1,110 — 1.4
250 - 3 1 . 5
57, 506 - 7 . 0
106, 037
7,100 - 1 9 . 9
Total, all commodities listed
Number of
j
2,076
1,182
1,116
365
61, 834
106,065
Automobiles, trucks, and parts
Fertilizers, all kinds
Paper, printed matter, and books.
Chemicals and2 explosives
Canned goods
7,030
18, 594
5,192
34, 594
24,884
15, 678
+10.0
+4.0
+5.0
-7.3
+5.0
134,163 134, 293 +0.1
District No. 5
TRANS-MISSOURIKANSAS
Grain, all
Flour, meal, and other mill products __
Hay, straw, and alfalfa
Cotton
Cottonseed and products, except oil
Citrus fruits..
Per
cent
inc.
District No. 4
OHIO VALLEY
District No. 6
SOUTHWEST
Grain, all
Flour, meal, and other mill products..
Hay, straw, and alfalfa
Cotton
Cottonseed and products, except oil...
Citrus fruits
Total, all commodities listed
cars
Esti- or(+)dec. Actual Esti- or(+)dec. Actual Esti- or(+)dec.
Actual mated
mated
mated
1927
1927
1927
1928
1928
1928
District No. 2
GREAT LAKES
Automobiles, trucks, and parts
Fertilizers, all kinds
Paper, printed matter, and books
Chemicals and explosives
Canned goods 2
Number of
+3.1
240,184 241,694
+0.2
+0.6
+0.6
23
TAX-EXEMPT SECURITIES OUTSTANDING AT END OF MONTH
1913
i
1914
1915
1916
1917 j 1918 i 1919
1920
1921
1922
1923
1924
1925
1926
1927
MONTH
Millions of dollars
January
February
March
April
4,364
4,410
4,437
4,443
4,918
4,898
4,966
5,015
5,020
5,055
5,121
5,125
5,437
5,491
5,571
5,763
5,780
5,872
5,929
8,040
8,-078
8,108
8,104
7,641
7,677
7,733
7,781
8,310
8,333
8,458
8,510
8,738
8,776
8,863
8,994
9,816
9,931
10,052
10,118
11, 010
11, 088
11,158
11, 264
12,046
12,159
12, 275
•12,402
13,463
13, 394
13, 501
13, 576
14, 349
14,448
14, 607
14, 685
15, 311
15,437
15, 517
15, 561
May
June
July
August
4,565
4,597
4,616
4,623
5,009
5,008
4,997
4,980
5,160
5,253
5,238
5,237
5,584
5,606
5,607
5,633
5,947
7,390
7,497
7,927
8,131
8,164
8,195
8,146
7,773
7,864
7,917
7,944
8,490
8,503
8,464
8,501
9,094
9,169
9,204
9,274
10,280
10, 389
10,419
10,462
11, 352
11,507
11, 575
11, 615
12, 527
12, 722
12, 846
12, 947
13,684
13, 836
13, 865
13,904
14, 757
14,849
14,922
14, 956
15, 761
15, 783
15,850
September
October
November
December
4,625
4,619
4,673
4,834
5,061
5,020
4,991
5,009
5,270
5,283
5,319
5,333
5,641
5,683
5,690
5,715
6,992
7,996
8,099
8,041
8,170
8,154
7,628
7,647
8,008
8,076
8,105
8,546
9,364
9,489
9,599
9,809
10, 586
10, 733
10, 814
10, 862
11, 650
11,711
11,812
11,964
13,118
13, 252
13, 367
13, 391
14,002
14,083
13,100
14, 315
15,051
15,098
15,107
15, 224
15, 952
16,060
16,131
4,567
4,9
5,201
5,587
8,047
7,893
8,512
10, 372
11,476
12, 588
13, 810
14,838
Monthly average
8, 670
8,718
1
Compiled by the U. S. Treasury Department from actual reports and estimates of the net amount of fully tax-exempt securities outstanding at the end of the month
(i.e., total outstanding less amounts in sinking fund or owned by the United States Government). The detailed estimates show separate classifications for (1) States, counties, cities, etc., (2) territories and insular possessions (3) United States Government, and (4) Federal farm loan system. This table revises previousfiguresby eliminating
the stock of Federal land banks and intermediate credit banks, thus making the table consist solely of fully tax-exempt securities.
REFINED SUGAR, NEW ORLEANS AND SAVANNAH
STOCKS, END OF MONTH
SHIPMENTS
1921
MONTH
1922
1923
1924
1925
1926
1927
1921
1922
1923
1924
1925
1926
1927
21, 086
12, 999
29,522
36,955
26, 601
29,787
31, 057
40,341
4,192
10,410
23,110
36,320
12,474
29,424
42,446
45, 765
24, 638
30,491
52, 056
49.441
Long tons
January. _
FebruaryMarch
April
May
June
July-__.
August_
September..
October
November..
December..
2
50, 319
73, 644
67,110
75, 734
44,972
62,451
60,908
81,438
46,188
70,435
84,468
70, 720
53,369
57, 717
78,985
77,496
46,095
60, 724
84, 070
85,401
19, 362
7,977
6,604
7,241
18,384
44,604
50,477
64, 009
40,031
77,877
96,034
86,376
87, 514
81, 510
84,990
99, 052
84,007
79, 731
93,196
88, 316
79,088
84,961
84,528
73, 507
78,069
36,104
30, 682
10,897
24,913
14, 250
11, 254
6,370
9,463
51, 089
66,448
49, 823
24,193
46, 592
22, 644
26, 818
31,040
32,823
34, 712
27,567
25,910
65, 003
38, 454
33, 030
33, 330
44,643
47,986
46, 775
43, 230
35, 646
27,490
32,065
25,067
49,313
47, 788
48, 586
40,008
72, 507 61, 747
50,494 101, 372
48,368 91,088
51, 663 72,107
57,482 67, 018
33,129 44, 994
29,242 33,458
30, 335 28,835
70,175
56, 596
41,545
47,409
89, 753
66,828
50, 681
48,407
68,432 I 14,100
54, 010
6,567
44,663
8,034
45,340
12,087
12, 603
14,454
23,640
11,129
10, 613
21,172
31, 314
33, 393
23,496
10,282
5,771
28,979
20, 338
5,834
16,028
31,107
40, 215
42,178
26, 528
37, 536
35,128
30, 665
30, 387
12, 745
30,529
27,319
22,185
36, 663
39,415
2 372,039 746,426 640, 027 750, 388 837, 095 863, 567 809, 800
2 41, 338 62, 202 53, 336 62, 532 69, 758 71, 964 67,483
Total
Monthly average.
1
52,650
37,969
46, 678
64, 502
63, 781
2
18, 083
Compiled by the Federal Reserve Bank of Atlanta from reports of refiners at New Orleans and Savannah.
Nine months, April through December.
SALES OF G. C. MURPHY CO. (5 AND 10 CENT CHAIN)
1919
1920
1921
1922
1923
1924
1925
1926
1927
Dollars
Number of stores
January
February
March
April __
$90, 559
87, 239
108, 515
128, 808
$108,458
93,841
132, 757
148, 757
$131, 304
129, 598
174,478
169, 219
$156,465
147, 384
168,134
225, 761
$206,643
196, 758
295, 719
242, 892
$257,493
271, 318
320,919
427,846
$344,118
359, 857
398,954
493,914
$443,052
467,949
542, 637
582, 246
$551,160
608, 382
693,442
870,959
92
92
92
98
May
June
July
August
109,454
96,723
114, 306
108,031
171, 032
159, 564
179, 344
156, 312
164, 332
158, 353
182, 524
169, 689
184,926
177,920
192, 583
195, 369
279, 272
313, 704
308,998
301, 308
390,605
357,603
364, 563
384, 543
455,638
457,185
439, 341
480, 629
622,190
603,106
611, 859
606, 320
732, 559
731, 844
734, 961
735,973
100
103
107
September
October
November
December
99, 653
110,137
126, 842
255,158
162, 301
187,658
181,616
161, 587
202, 043
194, 959
393,406
212, 875
242, 204
254, 078
545,287
307, 569
345, 751
355, 813
793,611
365, 357 484, 029
685,672
431, 699 561, 311
766, 838
465, 743 576, 773 799, 274
990, 290 1,432, 649 1, 821,414
874, 538
865,457
2,063,671
108
111
115
113
770, 629
Total
1,435,425 2,051, 233 2, 231,492 2, 702, 986 3, 948, 038 5,027, 979 6,484, 398 8, 552, 557 10,234,255
225, 249
170,936
540, 367
712, 713
329,003 418,998
852,855
Monthly average. _ 119,619
185,958
45
53
63
62
75
85
92
113
1
Data furnished by G. C. Murphy Co., showing sales and number of stores operated in their chain of 5 and 10 cent stores, Number of stores given opposite monthly
average refer to stores in operation at end of year.
24
Table 1.—INDEXES OF PRODUCTION
[Index numbers for base year In bold-faced type]
FEDERAL RESERVE BOARD
INDEXES
DEPARTMENT OF COMMERCE INDEXES
i
. Manufacturing
I (64 commodities),^
by groups
Raw materials'
YEAR AND MONTH
Unadjusted
Adjusted
Total
Minerals
(9 commodities)
Relative
to 19091913 av.
Relative to 1919
Industrial production <
Agriculture
a
Crop Animal
(40
market- products
Forestry comManfg. Mining
Total
ings (26 (9 com- (13 com- modi(60 com- (53 com- (8 comcommodimodimodimodimodities)
modities)
ties)
ties)
ties)
ties)
ties)
Relative to 1919
1919 monthly
1920 monthly
1921 monthly
1922 monthly
average..
average..
average..
average..
100
98
79
101
100
98
79
101
100
99
103
108
114
133
98
107
100
116
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average. _
average..
average..
average...
average. _.
119
113
119
113
126
128
126
126
128
126
114
119
116
121
125
147
138
145
167
165
136
126
133
142
143
January. _.
February..
March
April.
122
121
138
132
122
130
132
132
111
92
97
89
133
123
141
133
May
June
July....
August.
130
131
127
135
130
131
127
135
94
99
116
122
SeptemberOctober
November..
December. „
135
133
121
113
135
133
121
113
January. _.
February..
March
April
117
119
141
135
May
June
July....
August.
September.
October
NovemberDecember.,
Relative to 1923-1925 average
106
100
102
86
110
1OO
91
105
110
102
118
111
117
124
117
117
113
114
117
121
119
126
119
115
108
117
111
115
' 122
113
130
122
109
79
70
57
107
95
113
110
108
114
126
124
164
181
190
199
135
144
150
156
57
63
103
114
118
121
115
111
148
179
165
140
196
206
181
160
156
165
158
150
172
232
199
149
117
129
136
135
122
108
113
157
146
161
141
147
137
152
127
138
135
124
133
138
135
128
128
106
103
105
132
177
179
175
190
125
123
111
106
125
123
111
106
161
180
148
127
177
181
150
141
100
95
98
84
87
67
87
77
89
70
74
101
95
104
101
94
105
108
105
96
99
107
108
88
85
75
106
107
107
107
108
109
108
108
92
96
106
106
131
128
119
117
85
91
107
106
106
107
107
111
107
107
107
112
104
105
107
109
111
117
125
126
120
120
113
106
144
190
165
138
112
111
108
109
113
111
106
103
111
115
118
119
122
10S
93
67
111
99
118
119
103
112
115
115
104
103
85
107
109
111
108
105
107
110
109
116
118
118
104
145
145
141
154
70
69
84
137
134
125
113
113
126
124
114
126
94
94
95
123
111
108
106
107
111
108
106
107
108
104
100
106
147
152
135
130
204
238
173
129
109
118
124
123
124
119
117
106
165
185
149
105
103
105
102
105
105
101
1OO
94
112
113
87
67
85
1926
1937
1938
January..
February.
March
April
May.
June..
1
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 OF 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.2 41), p. 28.
Weighted averages, compiled by the U. S. Department of Commerce, Bureau of the Census, representing 87 per cent of minerals, 94 per cent of crops, 99 per cent of
marketed livestock and its products, and 80 per cent of forest products: For details, see the following issues of SURVEY OF CURRENT BUSINESS: Minerals, May, 1922 (No. 9),
and September, 1922 (No. 13); crops, July, 1922 (No. 11); animal products, June, 1922 (No. 10); forestry, August, 1922 (No. 12); total, September, 1922 (No. 13). The
indexes relative to 1919 are weighted in accordance with production in that census year, while the mineral index relative to the five-year pre-war average is weighted by
the average
value of mineral production in the years 1909 to 1913.
3
Weighted averages compiled by the Federal Reserve Board: For details, see issues of the Federal Reserve Bulletin for March, 1922, and March, 1924.
* Weighted averages compiled by the Federal Reserve Board and corrected for seasonal variations: For details, see February, 1927, issue of the Federal Reserve Bulletin.
25
Table 2.—INDEXES OF COMMODITY STOCKS AND UNFILLED ORDERS
[Index numbers for base year in bold-faced type]
UNFILLED ORDERS 2 (end of month)
STOCKS i (held at end of month)
Adjusted for seasonal element
Unadjusted indexes
YEAR AND MONTH
Total
Other
Other Martu- |manuraw
Raw matefacfacfood- rial for tured tured Total
stuffo manufood- comfacture stuffs modities
Other
Other Manu- manuraw
fac- Total
Raw matefacfood- rial for tured tured
stuffs manu- food- comfacture stuffs modities
Textiles
1919 monthly
1920 monthly
1921 monthly
1922 monthly
1923 monthly
average..
average..
average..
average..
average..
100
96
132
128
119
100
100
89
161
192
144
108
146
118
120
1924 monthly
1925 monthly
192G monthly
1927 monthly
average..
average..
average,.
average..
137
147
107
181
152
170
229
238
131
134
167
186
82
162
174
174
195
May
June
July—.
August.
137
137
126
126
170
164
122
118
102
96
89
95
64
76
91
91
177
179
175
173
146
144
134
143
191
182
149
158
116
109
105
127
73
76
83
78
177
178
173
185
SeptemberOctober
November..
December..
141
145
149
168
133
121
134
196
167
215
218
227
77
73
71
171
172
172
172
150
136
137
158
160
113
128
206
169
170
166
177
79
73
74
75
180
176
170
161
170
171
168
162
218
237
250
243
188
164
143
65
65
175
175
172
172
171
168
158
161
228
227
198
206
191
186
173
158
74
74
80
95
179
174
169
169
103
96
92
83
102
96
96
88
May—.
June
July—
August _
152
160
153
147
215
237
203
191
131
123
110
100
65
79
97
100
170
171
173
168
164
164
169
184
235
240
256
310
149
144
134
129
85
81
170
169
172
176
79
79
84
82
83
77
80
79
September
October
November..
December..
153
175
194
195
188
222
270
273
139
216
247
236
94
86
171
173
181
190
174
179
203
189
256
263
346
303
147
173
190
186
88
84
181
178
178
179
82
79
80
77
82
77
79
70
1927
January, _.
February..
March
April
195
199
197
179
272
299
307
257
222
204
184
164
71
69
68
69
198
199
199
195
188
191
183
173
256
279
251
219
204
201
196
190
202
197
195
192
83
82
81
77
85
91
May—
June
July....
August.
165
168
165
159
225
236
217
191
144
134
121
124
72
89
104
108
188
185
189
186
181
178
190
205
250
250
286
319
177
168
163
172
94
95
189
185
191
204
74
72
72
72
86
85
85
September..
October
NovemberDecember..
169
186
190
196
194
202
213
243
173
258
261
246
102
88
75
70
190
199
206
211
196
188
189
187
278
240
256
261
181
204
203
201
96
86
76
73
204
205
203
196
70
67
67
72
87
84
76
70
78
Vehi- Lum- Brick
and
ber
cles
glass
Relative to 1923-1925 average
Relative to 1919
100
94
78
72
81
Iron
and
steel
100
98
135
117
130
122
74
109
125
124
220
104
111
124
484
211
118
140
G2
33
83
109
115
43
78
115
87
91
85
74
94
84
85
85
91
81
71
86
74
88
85
93
98
91
73
95
90
76
73
89
89
83
80
71
65
58
53
85
92
101
107
102
103
94
93
93
95
95
82
91
55
62
70
95
104
96
100
100
85
88
71
76
116 i
110 j
99 j
85
72
71
78
81
210
101
1925
January..
February.
March
April
83
83
94
104
1926
99
92
106
96
97
95
91
81
86
83
85
79
78
80
81
79
74
86
87
90
84
80
76
76
73
91
91
83
80
79
64
63
65
66
65
95
68
81
74
72
62
62
51
55
81
83
83
77
57
61
56
76
72
73
60
62
60
1928
January. _.
February..
March
April
May_
June..
1 Weighted index of stocks of commodities in hands of manufacturers or in other visible hands at the end of each month compiled by the XT. S. Department of Com •
merce, Bureau of the Census, from data on 45 commodities. Details are given in the February, 1924, issue (No. 30) of the SURVEY, while seasonal eliminations are given
in the April, 1924, issue (No. 32).
2 Compiled by the XT. S. Department of Commerce, Bureau of the Census, from data on 17 commodities, weighted according to the relative value added in manufacture
in the years 1923 and 1925. In addition to the groups mentioned in this table, data are also included in the total for the paper group, which, however, is not representative
http://fraser.stlouisfed.org/
of paper as a group, as only one class of paper is included. Details as to weightings, sources, etc., are given in the January, 1928, issue (No. 77).
Federal Reserve Bank of St. Louis
26
Table 3.—INDEXES OF WHOLESALE PRICES
[Base year in bold-faced type]
DEPARTMENT OF LABOR INDEX 1
Hides Tex- Fuel Metals Build- Chemj Farm
and
and
tile
and
ing icals
Total prod- Food, leather prod- light- metal mate- and
products
prodetc. ucts ucts ing
drugs
rials
ucts
House
All
Pro- Con- Raw
furMis- comduc- sum- matenish- cella- modiers'
ers'
ing neous
ties
goods
goods rials
goods
el
•If
YEAR AND MONTH
Number of quotations
550
i
67
121
40
75
23
73
57
78
Commodities
37
25
404
Relative to 1926
1913
1914
1915
1916
1917
1918
1919
1920
monthly
monthly
monthly
monthly
monthly
monthly
monthly
monthly
aver..
aver..
aver-.
aver__
aver,.
aver__
aver_.
aver_.
1921
1922
1923
1924
1925
1926
1927
monthly
monthly
monthly
monthly
monthly
monthly
monthly
aver__.
aver__aver...
aver___
aver...
aver_. _
aver..,!
192G
January
February
March
April
100.0
95.4
103. 6
102.1
100. 4
98.6
100.0
109.8
100.0
99.4
92.7
91.0
100.2
100.0
104.2
111.3
97.3
106.7
101.4
92.0
108.3
105.4
96.5
100.0 100.0 100.0
107.9
86.5
107.4
105.1
101.7
102.8
102.6
100.5
99.1
100.4
103.3
101.4
100.1
98.7
100.5 11 102.4
101. 1
98.9
101.8
100.0
96.7
108.9
104.9
103.1
100.0
98.2
98.8
95.5
113.9
100.0
89.9
300
96
Relative to 1926
102
119
163
191
211
231
1OO
99
101
126
187
205
218
229
64.3
64.8
67.6
80.3
110.5
121.9
123.2
129. 3
70.9
68.9
77.4
93.3
123.8
145.2
145.6
140.6
133
128
141
133
134
128
121
159
151
156
156
137
162
157
142
159
159
154
164
154
151
89.1
92.3
100.8
100.9
104.6
100.0
9.4
87.2
95.3
103.5
100.0
108.0
100.0
9.4
98.7
99.1
98.1
97.7
99.9
99.6
99.3
102.3
101.8
101.1
100.0
101.6
100.8
100.2
99.9
101.4
101.0
100.9
100.8
116. 8
109.0
106.3
103.9
156
155
152
151
132
130
128
128
166
163
162
163
160
161
154
153
103.4
102.2
101.0
100.4
106.2
103.7
101.4
100.1
99.4
98.5
98.5
100.8
101.0
99.5
100.6
98.3
99.1
100.7
101. 0
99.1
98.9
99.4
99.5
100.2
100.9
100.4
99.8
100.2
100.0
99.9
99.8
102.5
101.0
97.5
95.4
152
152
151
149
129
128
127
128
163
165
162
160
154
154
153
151
99.7
98.6
98.2
98.5
98.7
101.5
101.3
102.5
99.4
101.2
101.0
100.8
100.4
99.5
99.5
100.1
99.2
100.2
99.1
98.6
98.8
99.5
99.4
99.1
94.2
93.4
90.8
151
150
148
147
129
127
126
126
161
160
159
158
153
152
150
149
99.3
99.6
99.5
99.6
i9.0
97.5
96.2
95.3
95.0
97.6
97.6
97.1
97.8
97.9
97.8
97.8
90.3
90.6
90.9
91.3
147
146
145
144
125
124
122
120
157
156
155
155
150
150
149
147
98.3
97.2
97.1
96.9
96.9
97.2
97.0
96.3
95. 1
94.6
93.7
92.9
95.4
95.8
95.3
95.4
98.0
98.0
98.6
91.3
90.2
89.3
89.9
144
144
145
147
121
120
120
120
155
154
154
155
146
147
149
153
99.3
98.4
98.8
99.8
96.2
95.8
97.4
99.8
92.1
91.6
90.2
90.4
96.4
97.1
97.4
97.2
98.6
98.5
98.9
98.8
89,2
88.3
88.3
89.0
149
150
150
149
120
119
119
120
158
161
161
160
157
156
155
155
99.7
99.4
98.4
97.9
99.3
97.9
94.7
94.9
99.8
100. 8
100.5
100.7
98.8
101.0
100.4
100. 4
97.7
96.3
95.2
1927
January
February
March
April
96.6
95.9
94.5
93.7
96.5
95,4
94.2
94.3
93.9
95.9
94.5
94.6
101.0
100.2
100.5
101.7
94.3
94.6
94.0
94.2
97.7
95.8
90.0
84.9
93.7
93.8
94.1
95.2
96.3
96.5
97.6
102.2
94.4
94.4
93.9
94.2
103.7
107.3
111.7
111.7
93.9
94.3
94.3
96.2
84.2
84.2
84.1
96.5
97.0
96.7
96.8
105.9
105.0
104. 3
104.4
96.5
100.0
101.5
100.7
112.5
113.0
114.3
116.9
98.5
98.4
97.5
97.2
84. 2
97. 6
83.8 I 97.1
82.9 | 97 0
82.5 | 98.4
99.0
88
106.3
105.2
103.0
101.3
September.
October
November,
December..
September.
October
November.
December..
100
101
108.7
102.3
101.7
100.0
3.7
100.1
100.5
98.8
97.5
L.__
100
92
97
143
184
181
179
214
109.3
106.3
103.2
100.0
98.0
100.9
98.6
97.2
May
June
July
August
98
101
127
177
194
206
226
147
149
154
150
159
151
147
100.5
99.5
99.0
May
June
July
xVugust.
199
Relative to 1913
100
100. 6
98.1
103.5
117
j
|
I
!
98.8
98.0
98.2
97.8
98.6
98.2
97.7
98.0
100.9
101.6
102.5
102.3
•8. 3
'9.2
102.7
103.7
104.7
105.0
1928
January
February
March
April..May.
June.
i Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, based on monthly averages of 550 weekly quotations, arranged in 10 groups and also reclassiried
by stage of manufacture. This index supersedes the index based on 1913 as 100, which was published in the August, 1927 issue (No.72) and previous issues. The reclassification by state of manufacture has not yet been placed on a 1926 base. In computing this new index, the price of each commodity is weighted by multiplying it by the
estimated average quantity marketed in the years 1923 to 1925, or 1923 and 1925 in the case of most manufactured commodities, the census data being used for those years,
The base year has been taken as 1926 and the index has not been carried back farther than 1923 at the present time. Monthly data from 1923 appeared in the November,
1927, issue (No. 75), p. 24. Full description of the new index,with details on subgroups and on individual commodities, is contained in Bulletin 453 of the Bureau of Labor
Statistics.
3
Data compiled, respectively, by Dun's Review and BradstreeV* and recomputed to a 1926 base for comparison with the Department of Labor index; the data are shown
as of the end of the month, instead of at the first of the month, as formerly. In its original form, Dun's price index is an aggregate of 300 quotations, each weighted by the
amount "annually consumed by each inhabitant": about half of the aggregate is represented by food products. Bradstreet's index is the aggregate of prices per pound of 96
commodities. Details by commodity groups are shown for each index in their respective journals.
27
Table 4.—COST OF LIVING, FARM, AND RETAIL PRICE INDEXES
FARM PRICES »
Fuel and light
YEAR AND MONTH
Food
Shel- Clothing
ter
All
items ;
Sundries
Combined
Fuel
Fruits Meat
and
Grain vegetaanibles mals
Number of quotations
i
Light
6
Relative to July, 1914
1909-14 monthly av..
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av_. . .
Dairy Cotton
and
and
Unpoul- cotAll
classitry
fied groups
prod- tonucts seed
9
5
2
4
1OO
100
97
85
78
119
100
108
112
104
120
1OO
100
101
99
106
100
1OO
101
109
1OO
92
100
83
123
94
95
95
100
100
102
100
117
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
1OO
100
102
1OO
103
120
1OO
102
104
146
173
186
205
156
105
118
129
154
169
143
185
205
261
166
126
138
144
168
183
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av
1926 monthly av
1927 monthly av
142
146
146
157
160
155
166
173
184
180
176
169
155
170
175
174
174
171
179
180
169
167
163
163
197
182
181
186
184
146
142
140
120
122
173
173
174
175
174
173
157
161
164
168
168
164
105
114
129
156
129
128
152
136
125
160
189
155
113
106
109
139
146
139
135
147
137
143
141
138
156
216
211
177
122
128
1926
September
October
November
December
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
1
G8
121
123
121
120
136
136
136
137
148
148
142
140
139
144
157
161
1927
January .
February
March
April . . .
159
156
154
154
173
172
172
171
173
172
172
172
168
167
166
161
192
190
189
181
121
121
122
122
174 i
174 ;
173
173
167
165
164
164
120
122
121
119
140
142
140
147
140
143
144
143
152
143
133
133
155
159
153
152
170
169
168
169
171
169
169
170
160
160
160
161
179
180
180
181
122
122
122
122
173
172
173
172
164
165
162
162
127
140
139
138
158
201
195
172
137
129
131
136
154
156
157
156
168
167
167
166
171
170
171
171
162
163
163
163
183
184
184
184
122
122
122
122
172
173
173
173
163
164
104
164
134
128
120
123
145
138
136
141
142
145
141
138
Mav
June __
July
August
_. _.
September
October
November
December.
1928
January
February..
March
April
May
June
R e l a t i v e t o 1913
92
103
120
126
1OO
av
av
av
av
av.-..
31
Relative to 1909-1914 average (fiscal years)
100
100
111
1917 monthly
1918 monthly
1919 monthly
1920 monthly
1921 monthly
5
1OO
100 ;
104 1
RETAIL COAL PRICES *
COST OF LIVING i
RETAIL FOOD PRICES '
[Base year In bold-faced type]
1OO
102
101
114
100
|
100
99
104
176
200
209
205
116
146
168
186
203 i
153
117
127
150
5
190
192
94
109
100
92
88
83
124
135
134
147
136
131
142 ;
146
146
157 ;
160
156 i
6 191
194
193
7 191
7
194
190
134
94
88
81
93
97
97
91
134
130
130
127
159
160
162
162
193
194
195
195
85
94
102
101
87
84
81
80
126
127
126
125
159
156
154
154
195
195
194
185
130
124
125
127
113
119
125
136
79
82
81
81
126
130
130
132
155
159
154
152
184
186
187
187
137
146
153
158
179
169
162
151
87
83
86
90
140
139
137
137
154
156
157
156
190
190
191
191
1
_.
I1
|!|
li
II
_ _
_ ... _
1
Index numbers of the cost of living, compiled by the National Industrial Conference Board, represent, up to March, 1922, retail prices on the first day of the month
except food, which is the retail food index of the U. S. Department of Labor, Bureau of Labor Statistics, for the 15th of the preceding month. Beginning with March, 1922
all prices shown are as of the 15th of the month indicated. The index is weighted according to the estimated consumption of average wage earners before the war, on the'
following basis: Food, 43.1 per cent; shelter, 17.7 per cent; clothing, 13.2 per cent; fuel and light, 5.6 per cent; sundries, 20.4 per cent. Figures from 1914 to 1917 are based
on July quotations: 1918 figures are for 2 months: 1919 for 3 months and thereafter monthly. Owing to different trends, the fuel and the light data have been segregated
from 1923 forward and revised, the monthly data for 1923 to 1925 being shown in the June, 1926, issue of the SURVEY (NO. 58), p. 24; segregation for previous years is not
available and the fuel and light data previous to 1923 are not quite comparable with the revised figures following, which are 8 points lower than the original figures for those
years on fuel and light. The cost-of-living indexes of the U. S. Department of Labor, now compiled only semiannually, are omitted.
2
Compiled by the Department of Agriculture, Bureau of Agricultural Economics, as of the 15th of the month. These indexes are based upon prices received by farmers
throughout the country for their respective crops and animal products, as collected by the department, and are weighted by the average annual marketings by farmers for
the period
1919-23. For the detailed explanation of this index see August, 1925, monthly supplement to " Crops and Markets," published by the Department of Agriculture.
a
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 workingmen's families as reported by retail dealers in 51 of the largest cities as of the 15th of the month. Monthly data from 1913 appeared in Bulletin 396
of the
Bureau of Labor Statistics, p. 12.
4
The retail coal price index compiled by the U. S. Department of Labor, Bureau of Labor Statistics, is based on an unweighted average of quotations on Pennsylvania
anthracite, white ash, chestnut, as of the 15th of each month in 51 cities. The annual figures from 1913 through 1920 are based on two quotations a year, on Jan 15 and
July 15; thereafter monthly averages are used.
• Eight months' average, February, March, April, and May missing.
8
Eleven months' average, August missing.
1
Ten months' average, no quotations being available for other months.
28
Table 5.—WOOL*
RECEIPTS AT
BOSTON i
YEAR AND MONTH
Total
Domestic
IMPORTS 2
Foreign
CONSUMPTION
(in
In
grease
As im- grease equivaported equiva- lent) 3
STOCKS 4
(in grease equivalent,
quarterly)
MACHINERY ACTIVITY «
Total
lent
T h o u s a n d s of pounds
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly
average
average. _ _
average
average
average. _.
average
average _
18,761
27, 906
35, 801
36,683
42, 214
41, 956
39, 918
13,483
15,894
15,142
17,100
17, 510
15, 275
17,825
5,278
12, 012
20, 660
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...
1927 monthly average. ._
22, 839
28, 589
36,151
34, 759
26,001
25, 501
29,102
28, 546
8,809
11, 977
15, 913
12, 095
16, 687
11, 018
14,105
18, 266
14,030
16, 613
20, 238
22, 664
9,315
14,483
14, 997
10, 280
21, 635
26, 722
31, 390
32, 854
22, 351
28, 271
25, 856
22, 222
|
i
24, 921
31, 659
28, 017
25,402
O
Wool- Woren sted
O5
!
Per cent of active hours to t o t a l reported
1 II1
44, 487
54.163
53,467
44,813
43, 857
42, 503
Spinning
spindles
Looms
Held by
manu- Held by
Carfacdealers
pet
turers
Wide Narrow and
rug
492,114
652, 258
206, 669
227,236
207, 008
215, 737
75
74
73
86
87
85
71
554,183
559, 431
478, 761
480, 867
383,100
352, 061
357, 266
220, 339
279, 381
290, 023
247, 431
207,803
179, 213
166,100
255, 015
233, 940
188, 738
233, 437
175, 297
172, 848
191,166
64
69
68
83
69
69
63
73
78
73
91
88
84
72
68
65
72
80
74
60
57
70
64
65
76
62
64
61
67
51
77
82
66
72
03
1
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
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
76
86
81
77
74
79
80
78
1
1936
September
October___
November
December
13,018
13,336
14,834
17,497
8,511
6,921
8,451
9,888
4, 507
6,415
6,383
7,609
13, 997
19, 246
25,063
25,004
17,171
22, 497
29,188
27,416
45, 770
49, 072
47,808
47,839
January
February
March
April
19, 743
29,693
27,436
28,025
6,081
6,577
8,600
9,522
13, 662
23,116
18, 836
18, 503
27, 542
34,072
33,457
29,239
30,642
38,075
37, 617
33,177
46, 389
45, 938
54, 262
43, 971
May
August
26, 394
50, 598
60, 980
35,499
17,938
46,106
55,877
29,891
8,456
4,492
5,103
5,608
18,117
17,355
13,464
18,425
20,362
20,149
15,079
21, 754
44,338
45,006
39,833
46, 504
September
October
November
December
16,956
16, 578
15,205
15, 442
11, 799
9,033
8,972
8,794
5,157
7, 545
6,233
6,648
15,832.
21,053
20,179
17, 924
18, 933
24, 535
23, 936
20, 566
48,153
49,122
46, 322
_
375, 714
161,943
213, 770
324, 578
160,159
164,419
64
71
73
72
57
68
67
67
62
65
67
65
80
89
84
80
84
90
88
84
i
68
64
61
57
65
62
63
60
65
64
66
67
75
75
80
78
84
89
81
77
72
74
77
77
75
71
66
63
58
60
56
59
61
67
58
65
67
64
56
57
80
84
77
79
74
73
75
83
80
79
76
78
61
61
59
65
64
66
66
65
67
64
65
64
67
84
84
79
81
88
83
82
79
80
71
74
72
1927
June
July
__
291, 657
161, 708
129, 948
385,615
167,426
218,189
357,107
175,436
181,671
1928
January
February
__ _
March
April
May
June
*Monthly data from 1909 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, pages 10, 11,12,
14, 16,
and 17.
1
Receipts of wool at Boston by railroads and steamships compiled by the Boston Chamber of Commerce through January, 1925, and since that date by the Boston Grain
and Flour Exchange. They comprise usually about two-thirds of all wool imported and about half of the domestic wool clip. All classes of wool are combined in these
figures,
without reduction to grease equivalent.
, 2 Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The left-hand column totals wool of all classes in the condition imported,
while the right-hand column shows the reduction to grease equivalent. Scoured carpet wool is converted to the grease basis, assuming a shrinkage of 40 per cent; other wools
are converted
from scoured to grease on basis of a shrinkage of 45 per cent.
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
pulled
wool by 1%. Further details as to classes of wool and districts are given in press releases.
4
Stocks of wool held by about 600 manufacturers and about 400 dealers from the U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922,
and thereafter by that bureau jointly with U. S. Department of Commerce, Bureau of the Census. Until the third quarter of 1920, the stock reports by manufacturers are
practically complete, with about 600 firms reporting. Thereafter one large firm and a number of small firms, varying from 10 to 20, did not report, but estimates were made
for them from the third quarter of 1920 through the third quarter of 1921, in order to make the data comparable with previous figures; these figures, however, are not comparable with the later data from the reduced number of firms, which represent about 85 per cent of manufacturers' stocks. Stocks in dealers' hands include U. S. Government stocks taken over during the war and finally disposed of shortly after the end of 1921. Stocks include wool, tops, and noils and are reduced to grease equivalent in
the same manner as in the consumption report; further details as to classes of wool, etc., are given in press releases.
8
Percentage of active wool machinery compiled by the U. S. Department of Commerce, Bureau of the Census, beginning with June, 1919. From October, 1918, through
May, 1919, these data had been collected by the U. S. Department of Agriculture, while previous thereto they were compiled by the National Association of Wool Manufacturers. The 1913 figure is based on only one month (November figures as of December 1), while thereafter the averages are of quarterly data, until 1917 when monthly figures
were started in the middle of the year. The 1917 averages are therefore based on 9 months' figures. Up to 1921, the data represent the percentage of active machines to
total and beginning with 1921, the percentage of active hours to total hours of plant operation. Figures on the old basis of active machines are still published in the press
releases but are not much different from the more accurate active hour figures. Previous to October, 1922, these figures were originally given as of the first of
the following month, representing the previous months' operations, but these have now been changed to show the activity for the month to which properly credited; where
activity
of over 100 per cent is shown, overtime was reported sufficient to offset all idle hours and leaves an excess. Details as to number of spindles, etc., are given in press
1
http://fraser.stlouisfed.org/ These data comprise practically all wool-consuming mills.
Federal Reserve Bank of St. Louis
29
Table 6.—CLOTHING AND BUTTONS*
YEAR
AND
MONTH
MEN'S AND BOYS'
GARMENTS CUT 1
WORK CLOTHING *
Separate OverSuits troucoats
sers
Net
shipments
Thousands of garments
1920 m. a.
1921 m. a.
1922 m. a.
1923 m. a.
1924 m. a. 1,263
1925 m. a. 1,414
1926 m. a. 1,367
1927 in. a..
Cut
Stocks,
end of
month
Production
(all
UnNet
St'ks, New
filled
ship- end of orders
orders,
ments mo.
end of
mo.
1
1,512
1,607
1,582
402
370
379
208,314
250,468
252, 409
192, 492
217, 286
223,814
349,916
326, 257
327, 352
3,834
3,352
3,812
3,522
Production
Unfilled Pro- Stocks,
Net
St'ks, New
orders,
duc- end of
ship- end of
ments mo. orders end of tion month
mo.
Ratio Thous.
of
to capacity gross
Thousands of dozen garments
Thousands of dozen pairs
Dozen garments
FRESHWATER
PEARL
BUTTONS «
KNIT UNDERWEAR *
HOSIERY a
8 765
770
1,070
1,230
1, 038
1
1,156
1,020
168
994
1,309
1,157
1,119
1, 221
965
8
837
1,840
2,992
3,807
2,456
3,002
2,175
8
46.1
46.0
33.4
44.0
46.7
48.4
12,562
13,874
14, 011
12, 489
11,969
9,802
3,331
3,758
3,620
6,259
5,771
6,703
3,410
3,888
3,639
5,755
7,394
6,077
1,046
1,170
1,108
1,154
1,029
4,167
4,580
3,580
6,842
7,163
6,993
6,206
1,119
1,217
1,094
1,069
1,203
1,429
1,093
941
1,136
941
957
1,096
1,174
1,499
1,018
1,314
2,670
2,470
2,736
46.5
48.1
47.3
43.8
12, 224
12,172
12,286
12, 414
993
7
1
1,106
1,243
6
1925
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
5,565
5,476
5,738
5,834
1926
Jan
Feb
Mar
Apr
1,595
1,686
1,660
1,283
1,764
1,674
1,847
1,729
223
240
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
3,920
3,473
6,156
6,410
6,483
6,503
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
1,446
1,154
1,258
1,373
1,048
1,037
774
3,002
2,996
2,740
2,498
47.6
49.7
53.3
51.9
12,161
12, 047
12,117
12,133
May
June
July..-.
Aug
1,223
1, 516
1,412
1,432
1,533
1,562
1,448
1,493
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
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
49.5
45.0
38.6
44.4
12,197
11, 826
11, 690
11, 754
Sept
Oct
Nov
Dec
1,176
1,110
1, 019
1,290
1, 607
1,531
1,343
1,450
579
676
279
237
287,149
271,984
241, 685
197, 674
262, 258
226, 728
206, 383
154,175
301,160
308, 731
324,672
354, 078
3,557
3,694
3,733
3,487
4,015
3,940
3,560
6,953
6,843
6,856
6,710
3,946
4,289
4,012
3,261
5,566
5,667
5,783
5,100
1,004
1, 015
976
931
1,325
1,166
999
787
1,196
1,042
1,011
1,063
1,087
949
1,117
918
1,659
1,417
1,460
1,562
44.3
51.3
47.6
36.9
11, 759
12,002
12, 049
11,898
1927
Jan
Feb
Mar
Apr
1,484
1,538
1,587
1,191
1,493
1,527
,611
,454
241
234
253
203
262, 252
283, 471
330, 218
292,505
227,932
253, 759
284, 252
259,847
346, 309
407,229
372, 765
380, 347
3,681
3,640
4,159
3, 709
3,175
3,412
4,251
3,618
7,301
7,567
7, 342
7,758
3,668
3,701
4,225
3,963
5,51S
5,668
5,530
5,807
912
959
1,198
1,108
819
911
1,164
1,013
1,157
1,213
1,298
1,395
1,357
1,232
1,282
949
2,091
2,408
2,615
2,566
44.4
48.3
49.8
51.3
10,300
10,134
9,928
9,900
May
June
July
Aug
1,132
1,287
1,246
1,308
,427
,450
,294
,577
277
416
48b
543
290,759
279,601
275, 247
332, 918
284,978
290,889
282,082
328,497
383, 007
363, 582
380,858
360,331
3,941
3,113
3,807
3,551
3,886
3,226
4,016
7,914
8,141
8,390
8,093
4,058
4,143
3,095
3,892
6,141
6,342
6,046
6,018
1,082
1,127
880
1,082
958
1,049
950
1,369
1,527
1,623
1,617
1,434
952
1,115
803
1,434
2,583
2,614
2.458
2,543
51.5
52.9
37.3
43.6
9,830
9,948
9,705
9,555
Sept
Oct
Nov
Dec
1,080
933
957
1,413
1,349
1,250
551
530
333
299, 695
304,376
276, 989
332,458
290, 626
223,044
329, 537
353,427
388,139
4,355
4,294
3,927
7,695
7,965
7,568
4,896
4,246
3,838
6,407
6,481
6,167
1,055
1,181
1,181
1,464
1,359
1,230
1,216
1,322
1,073
1,241
1,147
1,046
2,416
2,185
1,981
50.9
53.9
52.3
45.1
9,409
9,604
9,646
9,662
3,841
4,151
1928
Jan
Feb
Mar
Apr..—
May.
June.
*Monthly data from 1920 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, pages 37, 38, 47,
and 48.
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. The data represent outer work garments (overalls, unionalls, coveralls, two-piece suits, work pants, etc.) and
do not include data on work shirts.
3 Compiled by the U. S. Department of Commerce, Bureau of the Census, as reported by 261 identical establishments, which produced 44 per cent of the total output
of hosiery in 1925, according to the census of manufacturers. Further details are given in press releases.
4 Data from U. S. Department of Commerce, Bureau of the Census, compiled from reports of from 162 to 176 establishments, which produced 61 per cent of the total output of knit underwear in 1925, according to the census of manufacturers, while stocks are from 70 to 83 establishments only. Further details as to classes given in press
releases.
Data previous to May, 1924, were compiled by the Associated Knit Underwear Manufacturers of America.
8
Data on fresh-water pearl buttons from National Association of Button Manufacturers from reports of 17 firms representing 95.2 per cent of the machine capacity of
the association members, except prior to July, 1922, when 16 firms reported on stocks, and there has been a further variation in the production reports; but being on & percentage basis, they are comparable.
Stocks are as of the last Saturday of rthe month.
6
8
Eleven months'average.
Nine months' average.
Six months'average.
30
Table 7.—TEXTILE WHOLESALE PRICES
Y E A R AND M O N T H
COTTON
COTTON YARN
Price to
Middling,
producer, upland,
New
all
grades • York
Carded, Carded,
white,
single
northwarp,
ern,
40/ls,
mule
southspun,
ern
22/1,
spincones,
ning
Boston
1913
1914
1915
1916
1917
1918
1919
1920
monthly
monthly
monthly
monthly
monthly
monthly
monthly
monthly
average..
average
'..
average
average. _ _
average
average
average
average
1921
1922
1923
1924
1925
1926
1927
monthly
monthly
monthly
monthly
monthly
monthly
monthly
average
average._.
average
average
average
average...
average...
Fairchild
index
Rel. to
1911-1913
Dollars per p o u n d
WORSTED
YARN
DRESS
GOODS
I SheetH blood
ing, 4/1 Terri- combing 2/32's,
Trion,
grease,
tory,
crossLL,36",
Ohio
fine,
bred
4 yds.
and
stock,
staple,
I toll).,
PennBoston
scoured sylvania
New
I York
fleeces
French
serge,
39",
at mill
COTTON GOODS
Print
cloth,
64 x 60,
38^ in,
5.35 yds.
tolb.,
f. o.b.
mil!
Dollars per y a r d
WOOL
(Boston) 2
Un- ; Japafinished
nese,
worsted,! 13-15,
13oz., at! New
mill I York
Dollars per yard
Dollars per p o u n d
SILK,
RAW
SUITING
Dollars
per pound |
&100
97
91
122
187
292
272
323
;0.053
.046
.041
.061
.095
.159
.146
.182
$0.062
.056
.052
.072
.119
.195
.168
.211
$0.57
.61
.71
.87
1.59
7 1.84
1.74
1.66
$0.25
.26
.36
.41
.66
7
.76
.64
.51
$0.78
.64
.79
1.05
1.56
2.11
6
1.63
1.83
i $6,273
6,960
9, 639
9.084
$0.448
.571
.648
.593
.558
.508
.491
162
187
213
199
188
160
157
.077
.086
.103
.091
.093
.076
.076
.087
.104
.123
.113
.104
.093
.093
1.25
1.41
1.42
1.40
1.15
1.10
.26
.42
.51
.53
.55
.46
.45
1.18
1.41
1.73
1.69
1.72
1.44
1.37
6. 574
7.648
8. 653
6.248
6. 574
6.195
5.443
.403
.399
.384
.374
.550
.545
.540
.528
176
175
170
166
.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
1.05
1.05
1.05
1.05
2.228
2.093
2.093
6.909
6.860
6.223
5.733
.189
.186
.187
.187
.357
.349
.344
.363
.513
.500
.500
.500
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
1.05
1.05
1.05
1.05
2.093
2.093
1.913
1.890
6.076
6.223
6.076
6.223
.168
.117
.110
.100
.170
.132
.128
.128
.367
.329
.321
.311
.506
.482
.470
.467
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
1.38
1.01
1.00
1.00
1.00
1.890
1.890
1.890
1.890
6.370
6.076
5.730
5.831
1927
January...
February.
March
April
.106
.115
.125
.123
.134
.140
.144
.146
.301
.306
.312
.312
.460
.464
.458
.446
143
145
146
146
.068
.069
.069
.068
.080
.081
.081
.081
1.08
1.09
1.08
1.08
.44
.44
.44
.43
1.38
1.38
1.38
1.35
1.00
1.00
1.895
1.913
1.913
1.913
5.635
6.027
5.733
6.125
May
June
July....
August .
.139
.148
.155
.171
.163
.168
.180
:203
.335
.346
.354
.387
.456
.470
.481
.512
147
150
152
162
.071
.073
.075
.082
.084
.087
1.08
1.09
1.13
1.12
.41
.42
.44
.44
1.33
1.33
1.35
1.35
September.
October
November _
December. .
.225
.210
.200
.187
.218
.211
.203
.196
.406
.402
.383
.371
.547
.546
.530
.522
177
175
172
.089
.087
.083
.080
.110
.111
.110
.105
1.12
1.12
1.12
1.14
.45
.47
.48
.49
1.38
1.40
1.40
1.40
$0.120
.104
.091
.137
.220
.295
.299
.310
$0.128
6.119
.102
.145
.235
.318
.324
.339
50. 248
.218
.198
.297
.449
.662
.596
.703
.125
.193
.270
.268
.222
.151
.159
.152
.213
.294
.287
.235
.176
.176
.331
.397
.486
.475
.418
.358
.351
1926
January—
February.
March
April
.174
.176
.165
166
.208
.206
.194
.192
May
June
July....
August.
.160
.161
.154
.161
September .
October
November.
December..
$1.03
8 $2.168
2.195
2.348
2.005
1.912
!|
1.913 !l 5.831
1.913 !! 5.488
1.913 || 5.292
5. 145
1.913
1.00
1.00
1.00
1.913
1.913
1.913
1.917
5.096
5. 145
4.802
4.998
1928
January...
February.
March
April
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 from
1909 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, pp. 13,14,15, 28, 35, and 36, except on
raw 2silk, Japan, 13-15, New York, for which monthly data from 1917 were presented in the November, 1927, issue of the SURVEY (NO. 75), p. 27.
Averages of weekly quotations on representative grades in the Boston market, as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
3
Price of cotton to the producer, given at the end of each month until December, 1923, since which month it is given as of the 15th of the month, is a weighted average
of prices received by producers throughout the United States for all grades of cotton as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
The 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 standard cloths in the New York market.
e
8
* Average for years 1911 to 1913, inclusive.
Average for 10 months.
^Average for 6 months.
Average for 9 months.
31
Table 8.—COTTON
Y E A R AND MONTH
EXBEPRODUC- GINNINGS
PORTS CON(total crop CEIPTS
TION
IMSUMPto end of
INTO
PORTS (includ(crop
TION
month 5 SIGHT
ing
estimate) - indicated)
linters)
STOCKS
(end of month)
Domestic
Total
II
Mills
World visible«
American
cotton
Warehouses
Total
cotton
1,725,715
2,205,675
3,345,356
2,914,132
2,478,774
3,092,672
2, 976,202
3,061, 535
3,094,377
4,473,105
3,494,011
2,752,066
2,814, 722
3,614,068
Bales«
1909-13 monthly average..
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average
13,033,235
14,156,486
16,134,930
11,191,820
11,449,930
11,302, 375
12,040, 532
11,420,763
13,982,811
15,905,840
11,068,173
11,363,915
11, 248, 242
11, 906,480
11,325,532
1,203,092
1,035, 730
1,256,604
1,186,402
959, 945
920,106
1,031,256
17,313
18,455
26,283
33, 798
32,064
23,103
18, 781
29, 226
7b5, 226
748,978
547,088
727,033
607, 546
412,690
352,953
561,280
465, 289
454, 064
500, 749
551, 701
567, 984
514, 712
493,293
3,085,132
3,414,853
4,898, 345
4, 777,800
4,137, 287
4,687, 250
4,935, 973
1,359,417
1,209,177
1, 552,989
1,863,668
1,658, 513
1, 594, 578
1, 430, 976
3, 504, 998
3,977,335
4,349, 535
4, 628, 711
5, 920, 777
4, 704,844
3,978,899
4,021, 720
5,065,485
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
13,439, 603
7,953, 641
9, 762,069
10,139, 671
13,627,936
16,103, 679
17,977,000
13, 270,970
7, 977, 778
9, 729,306
10,170, 694
13,639,399
16,122, 516
17, 755,070
896, 699
1,014,029
1,000, 802
944, 260
1,119,349
1,344, 384
1, 424, 535
1,336,327
49,999
23,158
31,030
31,228
26, 754
26,113
30, 232
34,268
513,261
539, 509
509,484
439, 930
566,243
711,020
754, 026
789, 616
486,933
450, 565
507, 294
543,444
460,139
536,044
556, 971
617, 220
4,792,190
6,100, 426
4, 706,031
3,853,119
3,435, 371
3,991, 285
5,471. 631
5, 758,353
1, 453,054 3,339,136
1,312, 862 4, 787, 564
1,447,196
3,258,836
1,480,319
2,372,800
1,087,880
2,347,490
1,283,913
2, 707,372
1,432,843
4,038, 787
1, 605, 737 4,152, 616
5, 662,420
6,346,620
4, 950, 925
3,503,179
3, 722,885
4, 579, 560
5, 626, 734
6, 732,073
3,909,420
4,410,286
3,152,091
2,152,179
2,417,302
3,264, 977
4, 209,484
5,240,157
13, 740, 000
14, 759,000
15,386,000
15, 603,000
7,126,248
11,207,197
13,870, 507
14,831,846
2, 382,407
3,205,375
2,982,985
2, 558, 057
15,121 752,324
12,402 1,421,482
27,007 1, 206, 786
34,374 984, 061
483,082
544,097
543,488
576,216
3, 984, 411
5, 717, 509
6,664, 018
7,304, 712
869,419 3,114,992
1, 216, 571 4, 500, 938
5,206, 562
1,457,456
1, 720, 696 5, 584,016
3,883,012
5,193, 976
6,048,438
7,093, 808
2, 805,012
4,114,976
4, 903,438
5, 525, 308
15,499,893
1,183,158
760,891
710,492
625, 578
62,061
38, 354
45, 726
33,348
749,967
55b, 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
13,269
419,459
346, 533
366, 722
391,295
516, 376
518, 607
461, 743
500, 253
4,414, 216
3,678, 968
3,032, 560
2,632,157
1,448, 739
1,268,707
1,096, 647
916, 786
2,965,477
2,410,261
1,935,913
1,715,371
5,070,424
4,314, 794
3,686,450
3,182, 764
3,459,424
2, 762, 794
2, 284,450
1,988, 764
average-....
average
average,.-_.
average....
average
average...
average
average....
1925
September
October
November
December
1926
January...
February..
March
April
16,122, 516
May
June
July....
August.
15, 635,000
15,621,000
47,770
696, 556
509,092
225,409
181,103
558, 523
SeptemberOctober
November..
December..
15,166,000
16,627,000
17,918,000
18,618,000
5,643,139
11,253,873
14,644,070
15, 540,804
2,138, 747
3,901, 252
3,648,910
2,701,262
10, 007 794, 584
30,877 1, 369,820
41,441 1,486, 224
39,851 1, 531, 297
570, 570
568, 361
583, 746
602,986
4, 223, 726
6, 684, 732
8,009, 515
8,311,996
936,441 3, 287, 285
1, 213,199 5,471, 533
1,493,013
6, 516, 502
1, 763, 739 6,548,257
4, 283, 515
6,148,052
7,456,845
8, 519,146
3,115, 515
5,056, 052
6,367,845
7,229,146
16,616,075
1, 575,278
1,211,831
1,287,048
876,865
56,939 1,115, 792
39, 702 1,010, 507
41,267 1,129, 537
38,058 855,449
603, 242
589, 513
693,081
618, 279
8,010, 582
7,385,107
6,458, 599
5,560,874
1,852,074
1,931, 794
1, 975,694
1,891,137
6,158, 508
5,453,313
4,482,905
3,669, 737
8,796,094
8,533,443
7, 795,143
7,380,071
7,227,094
6,860,443
6,178,143
5, 718,071
21,347
37,078
31,147
28,041
628,132
481,943
389,358
340,311
629,948
659,841
569, 765
633,434
4,659, 218
3,775, 984
3, 227,367
3, 295,004
1, 792,261
1, 594,475
1,404,815
1,122,059
2,866,957
2,181, 509
1,822,552
2,172. 945
6, 507,136
5, 654, 492
4,988, 005
4,480,172
4,815,136
4,014,492
3,417,005
3,131,172
28,346 631,041
19, 235 1,126, 509
28,845 999, 501
41,211
767,314
627,321
612,935
625, 680
543, 598
5,083,456
6, 760,224
7, 520, 754
7,363,062
1,118, 776
1,327,095
1, 551,336
1,707,326
3, 964,680
5,433,129
5,969,418
5,655,736
5,356,078
6,478, 500
7,314,256
7, 501,489
4,108,078
5, 296, 500
6,074, 256
6,041,489
1927
January..
February _
March
April
17, 755,070
May
June
July._._
August.
13,492,000
162, 678
1, 540,025
690,988
365, 509
128, 932
832,333
September.
October
November..
December. .
12,692,000
12,678,000
12,842,000
12,789,000
5,945,167
9,925,795
11,742,806
12,071,799
1,999,710
2,836, 916
2, 570,792
1,659,719
1928
January. _
FebruaryMarch
April
12,501,845
MayJune..
1
Receipts into sight compiled b y New Orleans Cotton Exchange; imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce;
consumption, ginnings, and domestic stocks from U. S. Department of Commerce, Bureau of the Census. Linters are not included in the statistics in this table, except in
the exports. Yearly figures represent averages for the calendar year except for ginnings and production, in which case totals for the crop year are shown (not an average).
Monthly
data from 1909 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, pages 18 to 27.
2
The yearly figures, from U. S. Department of Agriculture, Bureau of Agricultural Economics, represent the latest revised estimates of total production of the cotton
crop3 for the year (not a monthly average). The monthly figures show the current estimate of total production as reported each month.
Figures for September are to Sept. 25 only, prior to 1924. Decemberfigurescover ginnings through Dec. 13 only. Januaryfiguresfor all years cover ginnings through
Jan.4 16, and March figures cover all ginnings of the crop. Yearly figures represent total ginnings for the cotton crop harvested in that year (not a monthly average).
These
figures,from the Commercial and Financial Chronicle, represent world visible supply on the Saturday nearest the end of the month, covering European ports,
United
States ports and interior, Egypt, India, and quantities afloat.
6
http://fraser.stlouisfed.org/
All bales are running bales counting round as half bales, except for imports, which are given in equivalent 500-pound bales.
Federal Reserve Bank of St. Louis
32
Table 9.—COTTON MANUFACTURING *
YEAR AND
MONTH
Active
spindles
UnPer
ProducTotal spinRatio
Orders, Ship- Stocks, Ac- filled
ortion
spin- dle to
ca- Billings gray ments end of tivity ders,
(New
dle
in
yardage
month
pacity
end Bedford)
hours place
mo.
Millions Hours
Thous. of
hours
1913 mo. av
1914 mo. av
1915 mo. av
1916 mo. av
1917 mo av
1918 mo. av
1919 mo. av
1920 mo. av
30,559
30, 748
31,136
32, 293
33, 400
33, 525
33,878
33, 807
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
33, 052 • 7, 532
7,725
33,026
34, 681 8,292
6,689
31,136
32, 642 7,883
32, 352 8,086
32, 531 8,700
8 206
209
222
177
208
215
236
_
FINE
COTTON
GOODS
(3)
FINISHED COTTON GOODS*
SPINDLE ACTIVITY i
Per
cent
' T h o u s a n d s of
yards
Cases
Per
cent
Days
Pieces
COTTON
CLOTH *
Fall River « New Bedford •
8 6.7
7 434,188
383, 523
329, 571
$519
311
284
512
1,054
1,512
1,208
2,521
1.820
1.084
.974
1.734
3.338
4.594
3.651
" 7.486
$547
470
653
746
1,471
1,603
1,681
2,238
1.405
1.197
1.645
1.832
3.001
3.164
3.324
4.390
9 91.5 io 85, 386 io 90,054 io 44,935 io 36, 226 10 65 10 9.4
93.5 ii 94, 016 n 95, 509 ii 49,102 ii 44,937 H66 " 9 . 9
91, 504
95, 098
48,116
98.9
46,166
68
9.5
76,105
77, 650
41, 863
78.5
43,139
58
5.9
76, 558
78, 756
43, 691
92.9
39, 640
60
5.8
78, 565
81, 214
47, 352
95.4
39, 641
64
6.1
81, 627
84,458
49, 428
1.049
38, 243
70
5.8
354, 274
385, 770
438, 761
366, 360
421,059
403,020
480,868
12 7,148
11,872
18, 248
14, 782
9,104
5,057
5,251
45,959
48,958
38, 710
39, 818
45, 276
42, 775
45,987
780
762
882
705
419
305
299
2.031
1.997
2.061
1.609
.931
.722
.730
1,365
1,500
1,258
942
981
703
570
2.299
2.429
1.741
1.285
1.325
1.024
.788
321
.767
617
.899
305
.727
612
.891
266
.635
488
.696
262
.643
598
.821
262
.643
588
.809
406
.997
607
.826
s 52, 787 8 39,431
8 25,543
8
39,920
8 38
98.5
98.9
101.3
100.7
79, 223
88, 29&
79,480
85,179
84,438
79,350
76, 483
76, 354
49, 312
51, 010
45,941
45, 564
36, 868
36,161
37,113
38,012
66
70
63
66
6.7
6.2
6.0
5.0
413, 762
401, 636
406, 896
470,469
2, 414
5,054
3,969
4,005
46, 267
37, 769
43,452
40, 505
1927
January
February.
March
April
32, 636
32, 873
32, 920
32,887
8, 554
8,239
9,638
8,788
229
222
260
238
102.0
106.5
109.8
105.6
75, 510
83,554
108,067
91, 675
88, 603
91, 402
102,327
85,323
48,936
48, 968
59, 519
51, 869
36, 581
34,971
36,178
38,275
69
82
82
78
6.8
7.0
6.8
6.2
441,484
423, 976
551,323
492, 467
5,056
4,699
5,717
6,369
39, 834
35, 859
44, 553
54,236
_ _ 32, 905
32, 757
32, 324
32,239
8,983
9,191
8,033
8,973
244
249
219
245
108.9
109.3
99.1
103.5
85,054
87, 006
72,334
84,780
77,170
77, 743
71, 959
82,407
49, 711
48,133
43,154
52,399
37,340
39, 535
40,390
37,092
72
66
63
68
6.1
5.5
5.9
5.8
479, 275
530,892
460,260
486,395
6,892
5,654
3,821
4,996
51, 796
48, 589
50,387
46,387
32, 343
32, 498
32,269
31, 715
8,761
8,705
8,680
7,859
240
238
238
215
107.0
105.3
107.2
94.3
84,899
85,490
77,239
77,885
87, 386
77, 296
69,073
69,836
52, 316
50,175
44, 671
43,287
37,053
39, 094
41,350
41,059
72
73
61
59
5.8
5.4
4.4
3.9
496, 697
466, 529
472, 298
468,823
4,741
4,425
5,081
5,565
50, 333
42,836
45,919
41,117
-
tion
38,890
27, 207
43,195
51, 688
63, 718
45,348
56,920
68,229
220
224
227
229
September
October
November
December
tion
3,880
5,189
3,563
5, 534
5,441
2,737
4,146
11, 732
8,257
8, 367
8,483
8,585
August
Ratio
Per ct. T h o u s . Per ct.
Thous. of square Thous.
per
per
of
of
yards
dollars quarter dollars quarter
32,147
32, 605
32, 582
32, 490
May
Ratio
Imto capto capports Exports Total italiza- Total italiza-
1926
September..
October
November
December
June
July
MILL DIVIDENDS
(quarterly)
1928
January
_ _
February
March
April
May
June
_-
"""""1
*Monthly data from 1909 through 1926 on items in this table, if available, may be found in the Becord Book of Business Statistics, Textiles Section, pp. 29 to 34, 39
and 140.
Data from U. S. Department of Commerce, Bureau of the Census, representing total cotton spindles active in textile mills during the month. The capacity percentage
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, covering work done outside of regular textile mills. In the
statistics given above, white goods and dyed goods each comprise regularly about 40 per cent of billings and orders, and printed goods about 20 per cent. Prior to November, 1923, an additional firm was included. Details by Federal reserve districts and classes of goods are given in the association's reports. The goods are billed as completed,
hence
billings approximate production.
3
Data on fine cotton goods, from the Fine Cotton Goods Exchange, are reported by 24 identical mills in the New Bedford district, representing about 50 per cent of the;
fine cotton goods industry in New England and from 20 to 30 per cent throughout the United States. Data on sales are no longer published, as not strictly comparable
with production figures.
4 Imports and exports of cotton cloth from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Exports of cotton cloth include duck and
other cloth, bleached, unbleached, and colored. Beginning with January, 1921, the figures are reported in square yards instead of linear yards, as formerly, and are probably5 slightly smaller than in the corresponding linear-yard measurement. Imports include bleached and unbleached, colored, dyed, printed, and woven figured cloths.
Dividends paid by cotton mills in Fall liiver in quarter ending in the month given, comprising about 38 mills, are complied by G. M. Haffards & Co. Yearly figures
are quarterly
averages.
6
Dividends paid by New Bedford cotton mills in quarter ending in the month given, compiled from records comprising about 26 mills, supplied by Sanford & Kelley.
Yearly figures are quarterly averages.
7
Nine months' average, April to December, inclusive.
8
Six months' average, July to December, inclusive, previous data not available.
8
Average for five months, August to December, inclusive; previous data not available.
i° Eleven months' average, January to November, inclusive.
11 Eleven months' average, February to December, inclusive.
" Nine months' average, January to September, inclusive.
33
Table 10.—COTTON TEXTILES
Production
YEAR AND MONTH
Stocks, Unfilled
end of orders,
end of
month month
CREDIT
CONDITIONS
COTTON TEXTILES *
CARDED SALES YARN i
Production
New
orders
Shipments
Stocks,
end of
month
COTTON
Unfilled Weeks CLOTH
orders, sold PRINTEDS
end of
month ahead
Number of
weeks
Thousands of yards
Thousands of pounds
Thousands
of yards
Textile trade *
In- Prompt
New debtpayorders edness
ments
Percentage of total
recorded transactions
1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
28.3
23.0
24.6
26.9
28.8
34.1
36.2
36.6
43.3
42.6
60.7
59.4
53.4
47.6
55.3
1924 monthly average
1925 monthly average
1926 monthly average..
1927 monthly average
28.9
25.5
26.1
42.6
41.2
43.4
55.0
53.9
51.8
,
515,682
« 9,887
5 27, 597
257,103
212, 065
278, 644
454, 800
219,192
231, 635
249, 573
188,845
262,464
245, 513
250,555
273, 658
317,
277,
258,
234,
878
503
007
252
1.04
.60
.15
-.74
24.0
29.9
30.8
24.6
39.1
39.1
41.4
45.0
56.0
51.9
43.3
43.2
171,394
166, 760
273,900
272, 283
187, 796
201,902
206, 676
220, 316
286,920
310, 825
288,182
259, 549
217, 850
182, 708
249,932
301, 899
24.4
22.8
23.5
26.7
45.0
46.5
42.9
38.7
42.6
53.9
52.7
53.3
244,110
214,361
215 578
257,478
314,966
212,959
197,175
241, 784
286, 507
215,483
204,450
237,400
217,152
216, 030
227,158
247, 234
330,358
327, 834
320, 559
324,943
-1.37
-2.84
-.83
.S8
2.32
2.09
1.73
1.51
29.1
29.3
26.3
21.2
40.1
47.8
47.8
46.9
55.1
58.1
57.1
54.8
228,933
232, 611
277, 052
237,185
376,811
270,644
296,165
252, 301
259,955
258, 303
305,134
222,942
216, 212
190, 520
162,438
176, 681
441, 799
454,140
445,171
474, 530
3.94
4.53
5.10
5. 02
23.8
30.8
31.5
28.2
41.5
38.8
41.4
44.5
51.3
51.6
52.2
57.6
25.1
24.0
21.4
29.7
43.4
43.6
43.0
39.6
57.1
55.9
54.5
52.4
32.7
29.1
42.2
46.8
55.1
53.2
219,024
277, 853
226,117
212,940
214, 684
254,615
211,948
275,
191,
230,
165,
753
260
077
090
201, 058
225, 807
184, 033
191, 683
220,815
6
56,177
1926
January
February
March
April
May
June
July
August
September
October .
November
December
__
1927
January .
February
March
April
_
__
__ _
May
June
July
August
September
October
November
December
__
_
13,136
10, 792
13, 286
8,085
8,538
9,393
19,945
22, 665
24,415
231, 874
279,456
229, 097
245, 605
328,144
179, 060
215,730
255,992
230,665
269, 723
239,193
221,915
177, 890
187, 623
177, 527
201, 217
572, 009
481,346
457, 883
491,960
6.80
5 25
4.89
4.73
17, 618
16,619
17,162
21,160
8,570
10,165
11, 580
12,880
24,124
27, 220
34, 692
40,115
346,902
331,854
321, 621
372, 042
333, 607
225, 560
193,871
346,199
293, 411
286, 097
201,920
257, 011
292, 535
303, 201
479,368
432,447
340, 221
386, 726
4.00
2.11
.59
51, 688
58, 673
64,943
57, 006
48, 574
1928
January
February
March
April
_
May
June
1
1 Compiled by the Cotton Textile Institute from weekly reports, the production figures being combined into the monthly totals on the basis of either 4 or 5 weeks, June
and September being 5-week months, while stocks and unfilled orders are for the Saturday nearest the end of the month. Thefiguresfor 1927 are not strictly comparable
owing to the progressive addition of reporting firms, June and July reports being from about 100 mills each week, August and September from 118 mills with about 1,400,000
spindles in place, October and most of November from 134 mills with about 1,700,000 spindles in place, and beginning with the week ended November 26 from 141 mills
with about 1,950,000 spindles in place, these latter mills representing about 70 per cent of the spindle-capacity of the industry. These reports include only yarn made for
sale to other mills, yarn used by the same mill in further manufacture being excluded.
2 Compiled by the Association of Cotton Textile Merchants of New York from weekly, biweekly, and monthly reports of 46 commission houses and of several additional
mills through the Cotton Textile Institute, representing mills manufacturing 23 groups of textile constructions, as follows, new groups added since the beginning of 1926 being
marked with the date of inauguration of their statistics: Class A sheetings, Class B sheetings, Class C sheetings, print cloths narrower than 36 inches, print cloths 36 inches
and wider, pajama checks, drills 40 inches and narrower, 4-leaf clothing twills, pocketing twills, jeans (gray cloth only), osnaburgs, heavy-warp sateens, drills, twills,
sheetings, and sateens wider than 40 inches, denims, chambrays, cheviots and plaids, ginghams, wide brown sheetings (compiled entirely by the Cotton Textile Institute
beginning with July, 1927, with additional mills reporting), print cloth fancies (beginning March, 1926), carded broadcloth (beginning July, 1926), canton flannels for the
mitten trade (beginning July, 1926), flat ducks (beginning October, 1927), tobacco cloths (beginning October, 1927), and miscellaneous print cloths (beginning October, 1927).
The two latter groups are compiled by the Cotton Textile Institute, which, beginning with August, 1927, has collected data from additional mills in other groups to add
to the reports. Therefore, the data beginning with the latter part of August are not comparable with previous totals on account of the great increase in reporting firms as
well as the addition of 3 groups in October representing about 10 per cent of the total. Each group is further subdivided by kinds and sizes in the association's reports. New
orders and shipments are computed from the other figures. The mills reporting are believed to represent over 60 per cent of the industry and are located chiefly in the South.
The item on weeks sold ahead represents the excess of unfilled orders over stock, divided by weekly shipments, a minus sign indicating an excess of stocks over unfilled
orders.
fc Compiled by the Cotton Textile Institute from reports of 15 mills finishing print cloths, both job printers, i. e., those printing cloths not of their own manufacture, and
corporation printers, i. e., those both manufacturing and printing. These statistics, therefore, overlap somewhat the data of the National Association of Finishers of Cotton
Fabrics, but they include corporation printers, which the association statistics omit, and exclude white and dyed goods, which the association statistics cover in addition to
printed goods. The machines included in these reports represent 68 per cent of the total printing machines. Cotton and rayon mixtures are included in these data and
the institute's reports present details by kind of cloth and use.
4 Orders, indebtedness, and prompt payments compiled by the Credit Clearinq 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 1 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. 171-173.
«Seven months' average.
http://fraser.stlouisfed.org/
6
Five months' average.
Federal Reserve Bank of St. Louis
34
Table 11.—SILK, RAYON, OTHER TEXTILES, AND FUR *
SILK
RAYON
Stocks, end of
month
Y E A R AND MONTH
Im- Delivports i eries 2
Machinery
activity4
Nar- SpinAt
At
row ning
ware- 2 mfg. 3 Broad
looms
plants
looms spinhouses
dles
1
M
OTHER TEXTILES
h i
e s
? i
&
•g-o
Elastic Fibers
web(unbing 6 mnfd.)
Shipments
© a
•+* «
Thous.
of lbs.
Per cent of active
hours to total
Bales
Thous. of
lbs.
Pyroxyli n-coated
textiles ?
(artificial leather)
Burlaps
Imports i
UnPyrox- Ship- filled
ylin ments orders,
spread billed end of
i
mo.
i
Dolls, T h o u s .
perlb. of yds.
Long
tons
$1.85
1.96
2.13
3.11
3.86
4.40
4.77
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
4.66
12,620
2.67
11,593
2.80
13, 778
2.80
13,041
2.11
10, 731
2.00
13,478
1.81
10, 695
1.49 io 10, 515
33, 817
20,416
22, 815
26, 613
24, 691
25, 854
25, 063
25,300
47, 628
39, 595
43,436
49, 873
47, 971
52,151
49, 915
47,473
Thous.
of lbs.
2,330
2,850
2, 565
3,094
3,406
3,619
4,060
4,627
1920 mo- average
1921 mo. average
1922 mo. average
1923 mo. average
1924 mo. average
1925 mo. average
1926 mo. average
1927 mo. average.....
3,305
4,361
4,872
5,163
5,050
6,400
6,472
7,198
18,558
27,887
30, 635
29, 868
30, 592
41, 779
41, 796
45,948
51,312
21, 315
32, 350
33, 367
37,464
44, 819
36, 814
46, 768
15,283
15,176
18,484
20,051
27, 732
24, 043
22, 078
7,046
7,934
7,961
43,
47,
47,
39,
962
768
634
771
34,459
35,094
47,130
52,478
18,491
22, 762
22, 821
23,270
80.8
82.6
89.2
87.9
66.6
69.3
63.6
53.4
87.5
879 2,031
87.5 1,008 1,879
89.7
988 1,870
90.4
923 2,016
1.65
1.65
1.65
1.45
11,429
12,001
12, 335
10,634
16,004
18, 846
25,017
34,666
32,066
53, 696
36, 529
41, 683
3,470
2,954
2,421
3,026
8,208
5,437
7,011
6,418
48, 307
42, 860
49,242
47,853
52,627
43, 758
33,116
31, 749
24,872
22,120
21,193
22, 581
86.4
86.2
90.1
86.4
56.2
58.1
60.4
62.6
89.4
700 1,398
852 1,074
89.1
81.2 1,718 1,052
79.7 1,518 1,022
1.45
1.45
1.45
1.50
11, 249
9,792
10,801
10,010
29,892
20, 751
29,096
43,437
49, 797
47, 320
39,830
50,271
June
July
August
7,322
7,404
6,225
9,347
45,486
41,312
41,039
47,042
35, 527
37,024
43,841
56,618
18,984
18,086
16,002
22, 218
87.3
83.0
89.7
86.8
61.6
56.6
53.8
51.9
76.5
67.3
74.9
73.4
1,799 1,001
941
1,311
1,220 1,654
1,528 1,855
1.50
1.50
1.50
1.50
10, 217
11, 594
9,688
10, 771
30, 569
23,115
19,030
23, 768
September
October-November
December
7,625
7,942
5,899
7,541
50,107
47,827
46,947
43,357
58,986
62,366
52,069
53,540
22,100
25.967
26, 530
24,282
81.9
84.2
88.4
50.8
54.2
53.3
77.1 1,129 1,875
77.6 1,386 1,674
77.8 1,285 1,680
1.50
1.50
1.50
1.50
18,284
16, 705
25,089
23,862
1926
September
October __
November
December
1927
January
February
March
April
Mav
_ _ 7,937
9
59. 3
73.5
72.5
88.7
84.8
9
42.1
55.1
47.8
59.5
62.3
9
62. 6
72.5
69.5
97.9
88.5
189
272
215
107
79
39
15
154
263
385
306
320
174
326 10 818
268
143
645
583
839 1,873
1,351
1,764
Sales
by
deal-8
ers
Thous. Thous. of linear Thous. of
of lbs.
yds.
dolls.
1909-13 mo. average—
1913 mo. average
1914 mo. average.._
1915 mo. average
1916 mo. average
1917 mo. average ...
1918 mo. average
1919 mo. average
192
244
227
72
46
8
96
FUR
9
2,482
2,201
2,438
2,900
9
2,050
1,630
2,018
2,256
9
2,469
1,577
1,698
2,045
$12,029
13,624
2,407
2,374
2,046
2,337
2,067
1,625
2,443
2,523
16, 966
13, 649
10,176
8,943
3,206
3, 398
4,275
3,559
2,168
2,431
3,426
2,752
2,486
3,410
2,781
2,995
13,400
20, 239
23, 885
17,544
62, 760
61, 287
35,2b6
71,417
3, 854
4,358
3,246
3,581
2,930
2,964
2,545
2,749
2,768
2,671
2,415
2,387
17, 551
14,136
10, 959
13,694
40,337
37,396
29, 569
44,451
3,600
3,042
3,092
2,901
2,649
2,382
2,421
2,426
2,678
13, 644
8,843
8,115
1928
January
M^arch
April
May
June
* Monthly data from 1909 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, pages 41 to 47.
1 Imports of silk, of unmanufactured fibers, burlaps, and of rayon, as well as stocks of rayon in bonded customs warehouses, from JJ. 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, hempistle, jute, kapok, manila, New Zealand flax, sisal, etc. Rayon imports are a total of yarns, threads, and filaments.
2 Deliveries of raw silk from principal warehouses in New York City, indicating approximate consumption by mills, and stocks at these warehouses are from the Silk
Association of America. A bale of silk averages about 133 pounds, but varies considerably according to origin of the bale. Details by sources are given in the association's
report. The delivery figures are computed by the association from the data on stocks and trade figures on imports through New York and Pacific ports, allowing time for
Pacific
imports to reach New York.
3
Computed from data reported by the Silk Association of America, covering from 35 to 60 per cent of the silk manufactures and throwsters, averaging about 45 per cent
for most of the year 1924. Owing to the varying number of mills reporting, the original figures have been prorated up to 100 per cent, by dividing the stocks reported by
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.,
New8 Jersey, Pennsylvania, New England, and all other.
Compiled by the Silk Association of America, representing average prices of bleached rayon, 150 denier, A grade, in the New York market.
6
Compiled by the Webbing Manufacturers Exchange, from reports of 8 manufacturers, whose shipments in 1925 comprised 30 per cent of the total output, according to
the census
of manufactures. The figures in this form were discontinued after August, 1927, and will be replaced with data in dollar values.
7
Compiled from reports to the U. S. Department of Commerce, Bureau of the Census, by 12 identical firms, with a capacity of 2,174,333 yards for March, 1923 (capacity
varies
slightly
each month in accordance with the varying number of working days). Further details as to values, etc., are given in press summaries.
8
Compiled by the American Fur Merchants' Association, representing sales of fur to garment manufacturers, retailers, etc., principally in New York City, but also in
other8 places in the United States and Canada.
months' average, March to December, inclusive, except pyroxylin unfilled orders, which is a 10 months' average, January and October figures not being available.
10 Ten
Eight months' average.
35
Table 12.—COAL
ANTHRACITE
BITUMINOUS
Production
YEAR AND MONTQ.
United
States
1
Canada
(2)
C)
Thous. of short
tons
1909-13
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
35,522
average.._ 39, 870
average... 35, 225
average. __ 36, 886
average—_ 41, 877
average... 45, 983
Prices
Stocks,
end
of
By
By coke
Whole- Retail
Exmo.,
plants
sale,
ves- By
By
held by Mine
ports
avercom- comsels
3
electric
railcon()
age posite, posite,
cl'r- power roads
Can- sumers (spot)
United
51
mine cities
ing plants
States ada
(6)
(9)
(10)
n
run
ports (5)
8
7
u
(
)
()
()
()
(«)
Consumption
Thous. of
long tons
1,114
1,499
1,150
1,397
1,581
1,774
642
606
620
656
574
1,663
1,497
2,866
1,721
924
461
604
780
629
343
Thousands of short tons
9,451
7,644 " 2, 764
8,006
4,463
57,900
40,400
29,933
44, 250
38, 583
2.58
2.59
5.64
2.55
3.69
7.80
8.00
" 11. 26
10.68
« 10. 21
8,236
7,341
7,467
7,539
4,557
370
370
402
348
197
49,000
49,000
44,400
42, 714
2.77
2.08
2.06
2.21
$4. 822
4.213
4.116
4.314
4.264
10.33
9.18
9.07
9.33
9.28
7,778
7,327
5,151
7,036
6,715
379
299
237
300
249
20
54
42
39
$13. 885
13. 911
13. 788
13. 767
13.300
15.35
15.31
16 15.17
is 15. 35
14.99
2.30
2.11
2.06
2.12
4.450
4.338
4.281
4.265
9.97
9.86
9.74
8.95
6,561
5,852
6,098
7,131
220
185
156
201
49
13. 779
13. 724
13. 339
12.932
15.42
15.44
15. 36
14.61
1.99
1.85
1.86
2.07
4.264
4.272
4.251
4.275
8.88
8.89
8.91
8.99
8,002
7,257
5,028
7,749
305
304
228
280
12.891
13. 057
13.148
13.209
14.53
14.70
14.81
14.80
2.08
1.95
1.90
4.274
4.199
4.160
4.144
9.20
9.33
9.32
9.31
6,642
7,404
6,902
5,955
290
310
277
226
13. 353
13.389
13. 389
13.389
15.03
15.07
15.07
15.08
047
307
338
781
290
1,416
1,136
1,095
1,373
1,596
1,272
1, 299
2,626
1,341
379
332
362
576
340
3,247
3,130
3,352
3,443
9,123
8,161
8,119
8,426
6,849
5,340
6,196
6,853
187
242
1927
Januarv
February
March
._ _ _
April
._._..
56, 882
52, 904
60,147
34,674
1,570
1,384
1,408
1,315
1,720
1,352
1,376
1,258
376
312
322
345
3,804
3,336
3,484
3,290
9,186
8,074
8,647
7,693
6,557
6,124
6,977
6,557
251
226
256
253
35,395
36,627
33, 637
41, 705
1,306
1,444
1,230
1,317
1,368
1,694
1,531
1,278
332
357
335
351
3,254
3,229
3,325
3,513
7,724
7,225
7,184
7,558
6,442
6,079
5,993
6,034
249
239
231
247
41,928
44, 000
40, 628
40, 950
1,339
1,469
1,313
1,252
1,121
832
369
351
363
271
3,561
3,663
3,550
7,661
8,418
7,847
5,897
5,995
5,626
219
223
229
July
August
SeDtember
October
. .
December
Thous. Thous. No. of Dolls, Dolls,
of short of long days' per long per short
ton
ton
tons tons sup.
288
346
319
295
347
447
47,
40,
43,
47,
43,
-
Retail,
composite,
chestnut
(u)
7,198
7,627
7,569
7,416
7,298
8,301
1923 monthly average.._
1924 monthly average...
1925 monthly average.._
1926 monthly average...
1927 monthly average...
June
Wholesale,
composite,
chestnut
(")
$5.44
5.72
5.58
5.61
7.09
48, 282
38, 822
47, 389
34, 660
35,189
3 2,816
3,094
2,632
2,848
(12)
Prices
$1 23
1.14
1.12
1 85
3.25
1918 monthly average. __
1919 monthly average...
1920 monthly average...
1921 monthly average...
1922 monthly average....
1,160
1,412
1,255
1,263
Dollars per short ton
St'ks,
end
of
Pro- Ex- mo.,
duc- ports in
yds.
tion
(3)
of
0)
dealers
75,000
63,400
60,100
61,900
$7.92
7.89
7.86
8.21
9.28
10.05
11.89
" 15. 04
15.22
i« 15.11
34
20
44
12
39
44
50
57
60
1928
January
February
March
April
May
June
i
sed at the mines, compiled by U. &
comprised
sales, colliery consumption, and coal used by operators, and thereafter the tonnage representing output of all mines.
3
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; bunker coal on vessels engaged in the foreign trade is not included.
* Goal loaded for consumption by outgoing vessels at principal ports compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce Monthly
data8 covering the period 1913-1923 appeared in October, 1923, issue (No. 26), p. 61.
'
Compiled by the U. S. Department of the Interior, Geological Survey, representing fuel consumption by all plants producing electric power, mainly central stations.
Coal consumption in central stations alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants, and reclamation projects in March*
1925,6 issue (No. 43), p. 28.
Compiled by the Interstate Commerce Commission from reports of 174 Class I railroads. Consumption by switching and terminal engines is not included. It is stated
that about 3 per cent would be added to the figures by such inclusion. About 2 per cent of the coal consumed on railroads in 1923 was anthracite. Monthly data from
19207appeared in January, 1926, issue (No. 53). p. 23.
Compiled by the U. S. Department of Commerce, Bureau of Mines, by applying to the coke production figures the average amount of coal used in making both
by-product
and beehive coke. Monthly data from June, 1921, were given in March, 1926, issue (No. 55), p. 25.
8
Compiled by the Department of Trade and Commerce, Dominion Bureau of Statistics, presenting complete figures for Canada.
9
Compiled by the U. S. Department of Commerce, Bureau of Mines, representing stocks in the hands of commercial consumers and retail dealers at the end of each
month, but does not include coal for steamship fuel, on lake docks, in transit, and in householders' bins. The figures for 1918 were taken on three different dates, from actual
canvasses, while the later figures are based upon reports from a selected list of 5,000 consumers whose stocks in 1918 bore a known relation to the known total stocks. Data
for 1918 and 1919 are averages of 1 month, for 1920 and 1924 each 3 months, for 1921 and 1925 each 4 months, for 1922,6 months, and for 1923 and 1926 each 8 months Detailsfrom 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
output of bituminous coal is sold spot, while about 55 per cent is sold on future contracts, and 25 per cent of the output is not sold commercially.
11 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Wholesale price of bituminous coal is monthly average based on run of mine as reported by
28 firms, f. o. b. city, while the retail price is average consumers' price on the 15th of the month, of lump, egg, nut, and mine run, averaged according to the month's shipments. Anthracite wholesale prices are monthly averages for chestnut coal as reported by 15 firms, f. o. b. city, while retail prices are unweighted quotations on Pennsylvania anthracite, white ash chestnut, on the 15th of the month. From 1913 through 1919 the retail averages for both bituminous and anthracite are for January ]5th and
July 15th only..
*
" Compiled by the U. S. Department of Commerce, Bureau of Mines, from reports of about 500 retail dealers, calculated to show the number of days' supply at the
current rate of consumption. Averages cover 2 months in 1919, 3 months in 1920, 4 in 1921, 5 in 1922, 8 in 1923, 2 in 1924, 5 in 1925, and 8 in 1926.
13 Six months' average, January, May, June, August, November, and December missing.
n
Seven months' average, June to December, inclusive.
" Eleven months' average, August missing.
http://fraser.stlouisfed.org/
J« Ten months' average, January and February missing in 1926 and November and December in 1925.
Federal Reserve Bank of St. Louis
36
Table 13.—IRON ORE AND PIG IRON*
MANGANESE
ORE
Y E A R AND
MONTH
ill
IRON ORE i
PIG IRON
Receipts
Stocks, end of month
ConShipsumpIm- ments Lake
tion
ports 2 from Erie
On
mines ports Other ,*>y
fur- Total At fur- Lake
naces Erie
and ports naces
furdocks
naces
Furnaces in blast,
end of month *
Production
Foundry,
Per No.
2,
Fur- Capac- cent northof
naces ity
ern
Mertotal (PittsTotal chant6 Total
burgh)
iron
Can-7
ada
United4
States
Thousands of long tons
1909-1913 mo. av
1913 mo. av ._..
1914 mo. av
1915 mo. av
1916 mo. av ...
1917 mo. av
1918 mo. av
1919 mo. av
21
29
24
26
48
52
41
28
180
216
113
112
110
81
66
40
1920 mo. av
1921 mo. av
1922 mo. av
1923mo. av___.
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
51
33
31
16
19
23
29
26
1926
September
October
November
December
4,089
2,668
3,860
5, 395
5,208
5,096
3,931
3,230
2,091
3,127
4,282
4,033
3,976
3,073
826
565
732
1,082
1,128
1,089
833
106
26
95
231
171
183
213
219
4,877
1,858
3,551
4,920
3,552
4,507
4,880
3,736
1,296
2,643
3,639
2,631
3,225
3,522
1,104
546
873
1,230
887
1,235
1,305
18
13
17
27
232
190
186
205
9,622
9, 337
3,969
23
1937
January
February
March
April
16
24
23
30
233
193
197
240
May
June
July
August.
18
37
28
23
September
October
November
December
36
15
27
32
,
8 5, 290 8 33, 455 8 25,523
3,903 31, 325
23, 546
Wholesale prices >
7, 530
7,246
7, 244
6,282
7,278
8,234
7,779
2,262
2,560
1,921
2,472
3,253
3,182
3,209
2,549
676
753
560
647
922
929
863
650
87
87
89
68
Basic
(valley
furnace)
Composite
.pig
iron 5
Long
Num- tons
per Per
ber
cent
day
Dollars per long ton
252
268
187
230
319
338
352
241
74, 487
84,005
62, 418
83, 539
106,775
106, 498
106, 562
81, 918
60.8
63.7
44.5
55.0
81.4
83.2
83.1
56.3
$15. 60
$15. 21
16.01 $]4. 71 15.42
13.90
12.87
13. 52
14.87
13.74
14.15
21.07
19.76
20.31
41.45
38.98
39.99
34.44
32.50
34.38
30.28
27.68
29.92
287
105
181
277
203
216
221
195
97,644
44, 040
75,197
109, 080
84, 772
99, 750
106,545
98,415
66.5
25.1
43.2
66.2
50.1
55.1
59.4
53.9
44.88
25.16
26.93
28.15
22.50
21.66
20.63
19 75
42.25
21.74
24.20
25.81
20.24
19.58
18.55
17 70
43.80
24.06
25.00
27.15
21.87
21.32
21.06
19.35
4, 531
2,030
3,355
5,191
3,833
4, 564
4,863
4,411
29,
33,
33,
31,
31,
30,
29,
32,
753
330
751
059
639
422
860
245
21,
24,
25,
24,
25,
24,
23,
26,
211
512
642
438
076
319
863
281
8,542
8,818
8,109
6, 621
6,563
6,103
5,998
5, 964-
3,035
1,379
2,240
3,338
2,592
3,034
3,256
3,019
824
246
472
805
621
659
750
740
81
50
32
73
49
48
62
2,586
2,360
1,549
30
4,738
4,948
4,717
4, 562
37, 336
42, 004
42, 761
318,426
30,
34,
35,
31,
438
407
098
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
215
219
213
203
105, 480
108, 760
105, 850
98, 360
58.4
58.9
57.1
54.7
19.39
20.26
20.76
20.51
17.50
18.00
18.50
18.50
20.18
20.39
20.83
20.77
None. None. None.
None. None. None.
None. None. None.
33,
29,
24,
20,
971
809
809
753
27,
23,
19,
16,
279
746
569
050
6,692
6,063
5,240
4, 703
3,104
2,941
3,483
3,422
760
684
808
784
52
51
76
77
208
217
223
220
100, 635
106,135
113, 435
112, 955
57.0
59.5
61.3
60.4
20.26
20,26
20.26
20.26
18.00
18.00
18.40
19.00
20.16
19.73
19.79
20.04
7,343
6,906
3,283
88
1,560
733
316
4,524
4,234
5,031
5,019
186
232
252
304
7,752
8,459
8,609
8,776
4,969
6,010
6,136
6,451
2,183
2,418
2,282
2,274
5,013
4, 531
4,294
4,368
22, 971
26, 973
31,331
35, 803
18,
21,
25,
29,
215
922
872
728
4,756
5,051
5,459
6,075
3,391
3,090
2,951
2,947
772
746
788
733
79
69
51
63
211
198
190
187
107,445
99, 240
93,700
93, 800
58.3
54.7
52.5
51.7
20.26
19.89
19. 76
19.36
18.20
17.88
17.50
17.30
19.89
19.79
19.31
19.00
225
228
200
132
7,231
6,723
2,000
5, 493
4,929
1,831
1,832
1,828
911
4,089
4,024
3,814
3,992
39,296
42,164
41,472
37, 582
32,
34,
34,
30,
527
952
528
978
6,769
7,212
6,944
6,604
2,775
2,784
2,648
2,696
685
707
710
708
52
38
35
179
172
170
169
90, 800
88, 300
87, 700
86,835
49.4
47.6
47.4
47.3
19.26
19.26
19.21
19.01
17.06
17.00
17.00
17.00
18.89
18.79
18.42
18.37
1928
January
February
March
April _ _ _
May
June
1
* Monthly data from 1909 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section,
pages
1 11 to 20.
Data on iron ore from the Lake Superior Iron Ore Association, except imports. Shipments represent movement of ore through the upper lake ports, including not only
tonnage passing through the Sault Ste. Marie canals but also that from ports on Lake Michigan, thus representing over 85 per cent of the total iron ore mined. Receipts
at ports other than on Lake Erie are mostly at Chicago and vicinity and Detroit, the details by ports being shown in the monthly reports of the association, which also
give by districts the consumption data. Furnaces reporting vary in number from 319 to 341 and beginning with June, 1922, reports from 15 Canadian furnaces are included.
Averages
are based on the full 12 months of the year.
2
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports of manganese ores exclude ores imported from Cuba since September, 1922, which are shown only in the raw state, but included those ores prior to that date, when they were combined with the manganese content of imported ores.
34 Wholesale prices, except composite average, are averages of weekly quotations taken from XI. S. Department of Labor, Bureau of Labor Statistics.
8 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.
The composite pig-iron price, compiled by the American Metal Market, is the average of daily prices of 10 tons of iron distributed as follows: One ton each of Bessemer
Valley; No. 2 foundry valley; No. 2 X foundry at Philadelphia and at Buffalo; No. 2 foundry at Cleveland and at Chicago; 2 tons each of basic valley and No. 2 Southern
foundry
at Cincinnati.
6
Compiled from data reported by the Iron Age by subtracting thefigureson pig iron produced by steel mills from the total pig-iron productionfigures,thus obtaining
data on the total output of merchant pig iron.
78 Data on Canadian pig-iron production compiled by Canadian Department of Trade and Commerce, Dominion Bureau of Statistics, comprising complete production.
Nine months' average, April to December, inclusive.
37
Table 14.—CRUDE STEEL AND COKE!
U. S. STEEL
CORPORATION3
STEEL INGOTS
STEEL PRICES
COKE
Production
United States i
YEAR AND MONTH
Total
Ratio
to capacity
Thous.
of long
tons
Per
cent
Steel
StrucUnfilled
billets,
tural
orders, Earnings Bessesteel
end of
mer
beams
Can- month
(Pitts- (Pittsada 2
burgh)* burgh)*
Production
ComIron
posite
and
steel * finished
steel°
United States
7
Beehive product
Thous.
of dolls.
Dolls,
per long
ton
Dolls,
per
pound
Dolls,
per long
ton
Dolls,
per
pound
4,795
5,907
4,115
5,1899,722
10, 716
8,635
5,995
$10,370
11,432
5,972
10,866
27, 798
24,608
16, 613
11,966
$23.93
25.79
20.08
22.44
43. 95
70.78
47.30
40.54
$0.0151
.0118
.0128
.0253
.0374
.0300
.0252
$26.32
22.92
24.76
40.50
70.10
56.68
50.32
$0.0171
.0172
.0152
.0163
.0280
.0446
.0379
.0332
2,799
1,945
2,292
2.955
2.764
2,540
1,587
1,060
935
1,173
1,589
1, 870
2,167
2,095
92
56
41
74
54
63
65
10,022
5,331
5,648
6,009
3,993
4,324
3,922
3,397
14, 724
7,727
8,461
14,971
12, 760
13, 795
16, 588
56.14
34.46
33.95
41.65
37.99
35.45
35.00
33.27
.0284
.0204
.0173
.0242
.0224
.0200
.0196
.0186
65.59
40.74
37.86
44.55
40.86
38.83
38.27
36.41
.0363
.0269
.0231
.0295
.0284
.0268
.0264
.0253
1,709
462
714
1,615
857
946
1,041
582
2, 570
1,646
2,379
3,133
2,832
3,326
3,698
123
159
Thous. of long
tons
2,523
1,902
2,607
3,450
3,635
3,588
2,808
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
3,407
1,602
2,881
3, 624
3,068
3,678
3,911
3,587
94
85
September
October
November
December
3,913
4,074
3,706
3,467
94
97
89
83
59
64
54
58
3,593
3,684
3,807
3,961
17, 584
18,992
18,145
16,420
35.00
35.00
35.00
35.00
.0200
.0200
.0200
.0200
37.70
38.02
38.43
38.26
.0264
.0265
.0265
.0265
892
943
935
848
3,640
3,799
3,730
3,692
1937
January
February
March
April
-
3,760
3,782
4,499
4,095
89
97
103
97
59
56
107
109
3,800
3,597
3,553
3,456
13, 513
14,943
17,129
15,450
35.00
33.00
34.00
33. 25
.0200
.0195
.0190
.0190
37.76
37.01
36.82
36.76
.0262
.0256
.0255
.0255
787
754
890
780
4,015
3,468
3,178
3,471
95
82
78
79
97
60
55
77
3,051
3,053
3,142
3,196
15,566
15,024
13,809
14,289
33.00
33. CO
33.00
33.00
.0190
.0185
.0178
.0180
36.76
36.62
36.43
36.24
.0254
.0254
. 0253
.0253
3,232
3,289
3,102
3,150
77
78
73
75
54
56
79
3,148
3,347
3,455
3,973
13,276
33.00
33.00
33.00
33.00
.0183
.0180
.0175
.0180
36.22
35.75
35. 39
35.10
.0251
.0248
. 0247
.0246
106
130
140
77
Exports 9
Con-
nellsville io
Thous.
of long
tons
Thous. of short 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 average
average
average .__
average
average _ _
average
average__
average. _.
average_._
Canada 8
Wholesale
price
Dolls,
per short
ton
73
73
49
67
87
105
126
53
$2.09
2.30
1.79
1.89
3.61
8.15
6.00
4.75
68
23
38
92
49
71
73
60
10.79
3.65
7.42
5.55
3.53
4.09
4.14
3.21
166
174
154
157
64
84
67
61
3.49
4.00
4.89
3.91
3,700
3,435
3,879
3,707
176
158
172
170
59
59
46
50
3.88
3.70
3.65
3.49
630
577
467
487
3,792
3,598
3,658
3,665
174
166
159
169
50
59
58
55
2.94
3.17
3.04
3.08
457
419
379
358
3,602
3,713
3,500
150
152
157
76
69
75
63
3.00
2.91
2.83
2.79
1926
May
......„....._
July
August
____..__
September
October
- .......
November
..
1928
March
. .
......
May
* M o n t h l y d a t a from 1909 t h r o u g h 1926 for items on steel in this table, if available, m a y b e found in t h e Record Book of Business Statistics, M e t a l s a n d M a c h i n e r y
Section, pages 21, 22, 25, a n d 26.
1 Yearly figures represent t h e m o n t h l y averages of total production of all companies as compiled a n n u a l l y b y t h e American Iron and Steel Institute.
T h e institute
reported u p t o 1923 m o n t h l y production figures for 30 companies w h i c h produced 84.4 per cent of t h e total o u t p u t of t h e c o u n t r y in 1920, 87.48 per cent in 1921, a n d 84.15
per cent in 1922. I n order to m a k e t h e m o n t h l y figures comparable t h e y h a v e been calculated to a 100 per cent production each year on t h e basis of t h e above percentages.
T h e figures since 1922 are calculated on t h e basis of reports from companies which produced 95.35 per cent of t h e total p r o d u c t i o n in 1922, 94.84 per cent in 1923, 94.43 per
cent in 1924, 94|50 per cent in 1925, a n d 95.01 per cent in 1926, t h e total c o m p u t a t i o n s to 100 per cent being m a d e b y t h e American Iron and Steel Institute.
D a t a for 1927
are prorated on t h e 1926 percentage. T h e capacity figures used in c o m p u t i n g t h e ratio between actual production a n d capacity are based u p o n t h e " p r a c t i c a l c a p a c i t y "
as of Dec. 31, 1925, of 50,000,000 gross tons of ingots a n n u a l l y a n d of 51,100,000 gross tons as of D e c . 31, 1926.
2
Production of steel in C a n a d a , representing complete figures, compiled b y Department of Trade and Commerce, Dominion Bureau of Statistics.
3 Unfilled orders of steel a n d earnings reported b y United States Steel Corporation.
4
Average of weekly prices from 17. S. Department of Labor, Bureau of Labor Statistics.
« Average of weekly prices compiled b y t h e Iron Trade Review, on t h e following 14 p r o d u c t s : Pig iron, billets, slabs, sheet b a r s , wire rods, steel bars, plates, structural
shapes, black galvanized a n d b l u e annealed sheets, t i n plates, wire nails, a n d black p i p e . Pig iron average, in t u r n , is average of 14 different q u o t a t i o n s .
e T h e figures for composite finished steel compiled b y t h e American Metal Market represents t h e daily average price per p o u n d of steel p r o d u c t s weighted as follows:
2 ^ - p o u n d bars, 13^-pound plates, l ^ - p o u n d shapes, 1 ^ - p o u n d pipe, I m p o u n d wire nails, 1-pound galvanized sheets, a n d M-pound t i n p l a t e .
7
Production figures, representing complete production, compiled b y U. 8. Department of Commerce, Bureau of Mines.
8
Compiled b y t h e Canadian Department of Trade and Commerce, Dominion Bureau of Statistics, presenting complete figures for C a n a d a .
9
Exports from t h e U. S. Department of Commerce, Bureau of Foreign and Domestic
Commerce.
i° Compiled b y U. S. Department of Labor, Bureau of Labor Statistics, representing beehive furnace coke (range of p r o m p t a n d future) at Connellsville ovens.
for FRASER
Digitized
38
Table 15.—FABRICATED STEEL PRODUCTS *
FABRICATED
STEEL PLATE 2
FABRICATED
STRUCTURAL STEEL i
New orders
YEAR AND MONTH
Computed
total
Short
tons
Shipments
Ratio to Comcapac- puted
ity
Per
cent
Short
tons
1919 monthly av _.
1920 monthly av
1921 monthly av
1922 monthly av _
1923 monthly av___
133,560
140,400
92,750
176,080
166,407
53
54
35
62
64
1924 monthly av
1925 monthly av
1926 monthly av _
1927 monthly av_ _
200, 217
230,055
212, 795
229, 225
68
74
67
72
200,949
233,008
236,910
218,890
1926
May
June
July
August
235,320
232,140
219,420
254,400
74
73
69
80
_
187,620
203, 520
193,980
225,780
..
September
October
November
December
_ _
1927
January
February
March
_April
May
June
July
August
--- -
September
_
October . . . . .
November
.__
December
STEEL FURNITURE«
New orders
Total
Ratio to
Ra- Storca- Quan- tio
to age
pactity
ca- tanks
ity
pac.
Per
cent
STEEL
BOILERS 3
Short
tons
Per
cent
Short
tons
Business group
New orders
Shipments
New
orders
us.
Num- Tofh osq,
ber
feet
Shelving
Unfilled
orders,
end of
month
Shipments
60
25,285
69
74
75
69
29,028
32,127
42,826
41,475
36
37
52
52
10,413
8,261
14,614
17,581
238,500
267,120
263,940
248,040
75
84
83
78
52,751
44,730
37,158
51,045
64
54
45
62
16,243
11,114
12,827
21,723
59
64
61
71
251,220
251,220
222,600
213,060
79
79
70
67
38,739
44,974
63,119
29,858
49
57
74
35
17,038
23,094
26,269
9,476
171,720
219,420
209,880
235,320
54
69
66
74
174,900
181,260
200,340
209,880
55
57
63
66
35,854
59,643
55,407
47,347
45
74
69
59
14,342
32,983
24,127
18,019
1,021
1,101
1,413
1,548
206,700
203,520
308,460
244,860
65
64
97
77
209,880
232,140
232,140
260,760
66
73
73
82
37,883
28,811
35,434
48, 577
47
36
44
60
10,855
7,402
17,199
29,691
238, 500
260, 760
213,060
238,500
75
82
67
75
244,860
228,960
225, 780
225,780
77
72
71
71
38,662
47, 090
27, 341
35,648
48
58
34
44
15,421
18,648
8,920
13,367
Unfilled
orders,
end of
month
Dollars
$45,481
285,119
122,826
204,983
364,357
$1,335,349
1,940,874
1,250,244
1,432,294
1,811,201
48,489
New
orders
1,908,965 «$1,255, 502 s$566,648
2, 278, 907
1, 540,813
556,493
2,616,098
1,693,884
611,418
466, 433
577, 607
611,696
s$374,017
482,843
639,090
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, 535,186
1, 668,989
1,637, 538
617,260
601,913
531,361
545, 901
578,364
603,915
600, 904
605,324
587,310
553, 660
602,134
662,148
2,449,906
2,552,997
2,734, 540
2,934,331
2,419, 554
2,614,780
2,603,152
2,802,325
1,613,823
1,687,319
1, 547,128
1, 556,404
588,096
639,780
583,488
621, 773
707,082
591,652
573,957
561, 979
790,426
745,364
730,848
607,656
1,179
1,390
1,492
1,490
2, 730,714
2,686,419
3,080,931
2,849, 536
2,886,815
2,771,477
3,021,915
2,750,877
1,727,608
1,803, 500
1,743,968
1,645, 599
555,996
607,622
690,783
677, 745
576,377
657,833
689,964
621,888
623,355
675, 201
678, 531
627,266
1,419
1,540
1,516
1,517
1,355
1,367
1,778
1,569
2, 528,672
2,519, 512
2,040,209
2,474,854
2,381,369
2,369,244
2,091,804
2,381,889
1, 597, 944
1,469,071
1, 507,120
1,412, 244
585,397
657,927
565,584
604,107
686,144
638,485
534,875
592,353
731,157
710,300
679,309
668, 621
1,312
1,270
1,235
1,054
1,152
930
1,125
906
2, 218,602
2,379,557
2,856,181
2,367,857
2,410, 552
2,476,230
1, 557,988
1,574,461
1,577,410
531,154
619,293
590,764
607,905
551,259
574,763
737, 723
665,970
650,908
s $1,935, 736
2,235,635
2,619,095
1,329
1,311
1928
January
February
-
March
April
May
June
----
•Monthly data from 1909 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section,
pages 32, 33, and 35.
1 Fabricated structural steel data compiled by the Bridge Builders and Structural Society up to April, 1922, and since then by XT. 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 applied to estimated total capacity each year based on a special annual survey by the Bureau of the Census. Beginning with April, 1922, reports received from
216 firms (and in addition 20 firms now out of business) with a total capacity of 249,270 tons in 1922, 253,435 tons in 1923, 265,275 tons in 1924, 282,370 tons in 1925, and
288,695 tons in 1926 have been prorated to the estimated total capacity of the United States, 284,000 tons in 1922 and 285,000 tons in 1923, 293,000 tons in 1924, 313,000 in 1925
and 318,000 tons in 1926 and 1927, 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, gas holders, blast furnaces, and miscellaneous, including stacks and ladles, but not separately shown, are
given in press releases.
3 Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 72 firms, estimated to represent about 90 per cent of the capacity of the industry.
Data for classifications included in these totals, covering the principal types of stationary and marine boilers, are given in press releases. Details for the first 5 months of
19274appeared in July, 1927, issue (No. 71), p . 22.
Compiled by the U. S. Department of Commerce, Bureau of the Census, including reports from the National Association of Steel Furniture Manufacturers, and
comprising data from 33 companies in the "business group" and 15 companies manufacturing shelving, comprising the entire industry, with few exceptions. The "business
group"
includes sections, counters, office and vault verticals, safes and interiors, desks and tables, and small miscellaneous articles, exclusive of lockers.
6
Four months' average, September to December, inclusive; previous data not available.
39
Table 16—STEEL SHEETS AND BARRELS*
SHEETS—BLACK, BLUE, GALVANIZED, AND FULL FINISHED 1
Production
Total
Ratio
to
capacity
Short
tons
Per
cent
Y E A R AND M O N T H
Stocks,
end of month
Price 2
Shipments
Total
New
orders
Unfilled
orders,
end of
month
STEEL BARBELS 3
Production
Y'ngstown
district
Total
Short tons
Dols. per
100 lbs.
of barrels
114, 869
172,161
87,702
142, 209
140, 844
75,329
376,334
689,853
232, 551
,60
5.17
4.47
5.35
3.46
3.01
3.58
3.57
3.23
3.24
3.03
549,045
552,547
3.05
510,869
553, 545
3.10
Unsold
1917 monthly
1918 monthly
1919 monthly
1920 monthly
1921 monthly
average. _
average. _
average. _
average. _
average..
117.520
171,489
85,409
62.7
72.7
34.9
72.963
111, 906
106,175
17,061
5,590
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average..
average..
average..
average._
average..
average..
190,864
222,660
219,836
293,499
287, 288
273,940
76.5
79.7
74.2
92.8
90.4
85.3
108, 709
129, 728
122, 955
137,863
162,234
159,419
28, 703
35, 336
42,115
45, 702
50,085
182, 519
230,823
209, 329
266,156
282,835
262, 681
203,869
213, 583
225, 024
273, 281
266, 361
279, 558
346, 449
450, 750
368,147
530, 869
530, 595
448, 963
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
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
June
July
August..
264, 541
268,448
239, 764
293,703
84.3
84.0
77.3
92.0
178, 539
176,428
153, 962
147,862
58, 503
55,140
46,031
44, 988
267,299
262,231
264,025
281, 602
201, 743
284, 319
352,414
283,055
418, 582
422,237
520,281
521,837
September..
October
November..
December..
307,459
314, 598
278,455
238,345
96.2
101.4
86.9
72.3
134,422
141, 206
165,114
160,193
34, 511
40, 758
40, 929
49,182
302,198
301,474
262, 797
219,498
448,147
212, 029
185, 235
240,862
731,977
581, 993
500,120
529,940
256,856
282,171
359,340
316,100
83.5
97.4
108.8
103.1
161,661
157, 614
160,357
169,977
44, 974
47,168
46,827
46,901
239,019
261,412
338,436
300,858
261, 357
241,951
345,900
292,965
526,550
513,002
510, 924
491,290
June
July....
August.
309,360
300, 706
237,243
266,645
95.9
80.2
80.3
173,986
168,155
154,374
169,315
45,670
47, 860
44,538
54,553
302,759
281, 395
252,034
266,713
212,337
224, 321
230,715
177,647
439,067
399.562
353,413
312,662
SeptemberOctober
NovemberDecember..
220,919
245, 765
232,041
260,130
62.6
71.7
65.9
75.9
155,865
145,980
145,644
150,104
53,311
50, 518
52,966
52,474
230,443
232,626
224, 789
221,689
258,427
234,358
344,519
530,197
350,117
308,264
437,306
745,393
Number
Ratio
to
capacity
Per
cent
Shipments
Stocks,
end of
month
Unfilled
orders,
end of
month
Number of barrels
17.4
172, 371
360,859
34.0
4 38.8
43.7
48.4
49.8
384, 723
446,344
393, 535
504, 364
548, 904
552, 063
49,845
52, 614
47,865
55, 658
666,110
1, 034, 755
756, 963
1,169, 763
1,448,140
1,291,056
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
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
529,137
504,134
575,850
599, 771
48.1
46.2
51.7
53.8
525, 518
503,183
568,821
609,090
51,409
52, 360
59, 389
50, 070
1, 788,194
1,663,772
1, 545, 980
1,365,555
588,077
594, 782
578,223
615,152
52.2
53.1
51.3
56.2
575,712
605,123
576,602
610,454
62,435
52,094
53,715
51,413
1,197,894
1,198, 839
1,346,688
1,106,604
521,899
578,408
500,909
444,227
47.4
51.6
45.6
40.6
525,374
572,893
497,345
454,638
53,938
59,453
63,017
52,606
1,124,437
1.000,559
845, 789
1,308,365
393,800
1925
September
October
November
December
1926
January. _.
February..
March
April
May
1937
January. _.
February..
March
April
May
3.20
3.25
3.25
3.25
3.25
3.25
3.10
3.00
3.00
3.00
3.10
3.00
1928
January..
February
March
April
May.
June.
•Monthly data from 1917 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section,
pages 23, 24, and 34.
1
Compiled, except for price data, by the National Association of Sheet and Tin Plate Manufacturers, representing almost all the independent sheet manufacturers
ranging in capacity from 59 per cent in 1921 to 75 per cent in 1925, the total capacity of the hot mills in the United States being given by the association as 365,000 short tons
at the
2 end of 1921 and 416,000 tons at the end of 1925.
Compiled from data furnished by the Western Sheet and Tin Plate Manufacturers Association and the Amalgamated Association of Iron, Steel and Tin Workers, representing weighted average prices of steel sheets received by manufacturers in the Youngstown district in the two-month period ending in the month named. Wage rates
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 forfigureson percentage of capacity operated prior to October, 1926, which were compiled by the Steel Barrel Manufacturers' Institute, from 14 to 23 members of the institute, no data being
collected
from November, 1923, to November, 1924, inclusive.
4
Ten months' average.
40
STEEL CASTINGS 3
MALLEABLE CASTINGS i
Production
Production
YEAR AND MONTH
Total
Short
tons
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly
ShipRatio ments
to capacity
Per
cent
New
orders
Eatio
caTotal to
pacity
average.
average.
average.
average.
average.
average.
average
Rail- Miscelroad laneous
Per
cent
Short tons
2
Per
cent
Short tons
Long tons
Rel. to
Jan.
1921
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
227,187
128, 256
293, 088
506, 238
532,171
444,092
362, 920
26,438
24, 831
23, 572
26, 904
27, 419
13, 972
26, 854
68
25
67
74
62
59
63
55
33, 080
12, 210
38, 890
40, 318
40, 394
32,102
31,873
29, 869
46,183
17, 680
38, 842
49,447
39,065
44,852
51,149
43, 060
17,
12,
14,
14,
11,
639
781
283
882
746
405,644
182, 661
167, 515
167, 565
150, 580
146,881
180, 587
181, 748
34, 546
10, 075
64,115
59, 961
38,868
69,836
77,803
46, 076
15,247
16,158
19, 756
16, 660
174, 585
157,187
169,438
194,449
71, 915
92, 796
83, 806
95,490
135
121
176
178
47,951
54, 747
53, 405
47, 029
45,795 j
51,037
47,543
44,002
91, 264
76, 721
69
58
33,618
28, 643
57,646
48, 078
79, 263
29, 891
77, 732
89, 765
79, 459
76, 954
83, 022
72, 929
«7 300 2 44,621
IRON AND
STEEL 5
Ratio
Imca- Rail- MiscelProExports, ports,
Total to
pac- road laneous duction
total
total
ity
Short tons
||
1920 monthly average.
1921 monthly average.
1922 monthly average
1923 monthly average. 2 62, 971 2 58 5
1924 monthly average 49, 201 46.0
1925 monthly average 57,829
54.7
1926 monthly average. 55, 945
54.3
1927 monthly average. 49,139
49.9
TRACK
WORK*
New orders
IRON, STEEL, AND
HEAVY H A R D WARE SALESe
Table 17.—IRON AND STEEL CASTINGS AND OTHER PRODUCTS*
122
157
139
143
167
1926
January
February
March
April
58, 871
62, 574
70, 474
62, 812
56.3
59.7
67.6
60.3
52,287
59,845
65,989
62,333
61,120
54,118
55, 027
49, 599
93, 588
92, 335
111, 150
108, 203
71
70
84
82
37, 321
41,208
47, 604
41,961
56,267
51,127
63, 546
66, 242
108, 709
95, 368
108, 626
88, 990
82
72
82
67
51, 574
41,816
46, 655
26, 715
57,135
53, 552
61, 971
62,275
May
June
July
August
55,803
56, 659
51, 568
53, 796
54.3
54.5
50.4
52.0
54,
57;
50,
53,
908
641
998
586
45, 376
42, 813
52, 716
45,802
97, 868
95, 323
87, 040
81, 422
74
72
66
61
42,425
34, 421
30, 694
26,088
55,443
60,902
56, 346
55, 334
80,800
69, 835
76, 276
68,127
61
53
58
51
31,388
16,018
29, 266
22, 998
49,412
53,817
47,010
45,129
16, 228
16,255
13, 853
13,004
173,418
159, 506
194, 717
171, 588
92, 863
108, 073
63,056
76, 336
176
180
165
168
September - - .
October
- _>
November
December _ . _ . . » . . .
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
79,471
79, 804
86,626
82, 336
60
60
65
62
22,837
25, 737
24, 421
28,699
56,634
54,067
62, 205
53,637
67, 363
74, 680
71,184
86, 308
51
56
53
65
22, 031
27, 827
28,079
38, 111
45, 332
46, 853
43,105
48,197
13,308
14,016
11, 093
13,010
182, 071
172,070
219,830
198,189
69, 234
66, 539
60,214
53,319
172
181
174
172
1927
January
February
March
April
47,454
58,882
61,945
55,318
47.7
60.3
61.5
55.3
44, 717
50,264
60, 363
56,595
46, 872
54, 237
50,056
53,002
84, 674
85, 464
97, 329
90, 570
64
64
73
68
32,982
33, 250
38, 784
36,693
51, 692
52,214
58, 545
53, 877
101, 768
91, 797
82, 558
78, 352
77
69
62
59
48,717
39, 792
31,380
31,004
53,051
52,005
51,178
47, 348
11,626
11, 724
16, 778
14,891
215, 235
166,128
171, 094
192, 339
42, 219
31,908
47, 312
42, 550
169
165
200
199
Tune
July
August
53, 698
53, 843
44,142
47,166
53.4
53.6
45.0
47.4
53, 501
51, 306
44, 347
46,306
46,119
42, 885
43,136
39, 897
81, 950
82,118
75, 551
83, 210
62
62
57
63
31, 659
30, 538
29, 679
29, 774
50, 291
51, 580
45, 872
53,436
66, 736
84, 675
72, 012
61,380
50
64
54
46
24,644
34, 702
29, 979
20,220
42,092
49, 973
42, 033
41,160
14, 465
12,812
11,122
11, 789
202, 708
184, 364
190, 502
175, 637
198
202
183
200
September
October
November
December
41,155
43,074
38, 210
44,781
41.9
45.0
40.4
47.3
42, 500
38, 433
35, 735
40,269
35, 492
37, 477
32,925
45,920
67, 077
59,365
56,935
56, 414
50
45
43
42
23, 744
19, 896
18, 046
18,671
43, 333
39,469
38, 889
37,743
50,630
49,385
60, 914
74,939
38
37
46
56
17, 591
15,375
27,357
38,266
33,039
33, 627
38, 277
36,673
9,815
9,030
8,635
8,263
166,352
170, 255
177,928
168,428
55,836
49, 599
39, 543
51, 596
46, 573
39, 516
51,185
55,070
May
I
203
216
186
1928
January
February
March
April
May.
June
* Monthly data from 1909 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section, p p .
27 to 31.
1 Compiled b y the 77. S. Department of Commerce, Bureau of the Census, representing reports from 130 identical establishments, covering most of the industry. T h e
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 123 identical
firms with a present capacity of 133,000 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. Railway specialties include such items as bolsters, side arms, draft arms, couplers, and cast-steel car wheels, and are reported b y
identical firms throughout.
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
track work (switches, switch stands, frogs, crossings, guard rails, and appurtenances) of carbon steel, manganese steel, and other metals for both domestic and export use.
Monthly figures are available only from the beginning of 1925 and are collected only every 3 months.
6
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.
6
D a t a on the value of sales by jobbers of hardware, compiled by American Iron, Steel, and Heavy Hardware Association, comprising reports from about 75 firms, estimated to represent about 10 per cent of the entire iron, steel, and heavy hardware jobbing trade, including iron, steel, motor accessories, and other heavy hardware.
M o n t h l y data from 1922 appeared in March, 1927, issue (No. 67), p . 26.
41
Table 18.—IRON PRODUCTS
CAST-IRON BOILERS AND RADIATORS »
OHIO FOUNDRY IRON 1
Meltings
YEAB AND MONTH
Ratio
Actual to normal
Long
tons
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 m o .
av_.
av_.
av_.
av_
av_
av_
av_
3 7, 791
Square Boilers
Round Boilers
P
ShipProduction ments
Per cent of normal
meltings
Radiators
ShipNew Stocks,
Proof duction
orders end
ments
mo.
ShipProNew Stocks,
of duction
orders end
ments
mo.
New
orders
Stocks,
end of
mo.
Thousands of square feet of heating
surface
Thousands of pounds
3 20/
12,183
20, 502
19, 022
18, 632
17, 660
15,397
51.8
73.8
67.6
77.8
81.9
81.9
16, 848
18,126
19, 526
19, 444
16,177
17, 339
18,935
20, 412
1935
January
February
March
April
16, 516
17, 605
21, 035
19,954
70.7
71.4
74.9
74.0
17, 612
18, 054
19, 649
20, 245
May
June
July....
August _
20, 311
19, 940
17,117
15, 353
77.8
73.0
85.3
76.8
September—
October
NovemberDecember
19,125
25, 002
15,953
15,678
84.3
92.5
75.4
77.9
1926
January
February
March
April
16,797
16,123
21,162
76.0
73.9
90.3
86.0
77
91
111
100
May
June
July....
August.
17, 518
15, 025
18, 472
20,846
76.2
80.3
76.8
87.6
SeptemberOctober
November..
December..
15, 427
14, 365
21,009
18,270
85.8
81.3
86.0
82.4
1937
January
February
March.
April
13, 613
13,101
20, 389
19,189
May
June
July....
August.
SeptemberOctober
November..
December..
17, 652
18, 753
20,903
20, 596
16, 641
17, 354
20, 480
21, 561
11, 887
12,183
14, 064
18, 073
20, 552
19, 973
20,163
20, 560
18, 919
18, 305
19, 722
19,142
18, 811
16, 513
20, 017
22, 785
18, 488
17, 253
20, 691
21, 694
18,830
24, 310
19, 810
19, 715
23, 674
28,889
22, 920
17, 407
19, 087
21, 240
23, 549
24, 380
13, 087
12.928
14, 288
17, 340
95
88
79
20, 660
20,982
17, 058
18,174
18,881
16, 883
20, 882
27, 393
20, 056
18,162
23,157
29, 858
101
87
82
22, 359
17, 676
15, 914
12, 245
71.3
84.6
96.6
90.6
20,117
15,891
10,761
17,559
86.5
84.1
72.3
86.8
13,298
14,207
15,647
10,994
81.6
77.2
80.0
71.6
92
117
104
105
64
12, 670
12, 623
13, 486
14, 519
11,939
12, 304
13, 769
14,349
13,877 I
13,514 I
14,431 !
17,657
!
17,711 j
16,884 I
21,350 ;
26,346
13, 281
12, 349
11, 527
12, 625
10, 378
11, 781
10,152
12, 663
13,124
14, 372
11, 404
13,858
17, 038
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
13, 278 74, 324
14,150 85, 332
19,987 94, 657
19, 974 102, 248
20, 802
19, 471
20, 274
22, 012
13,846 j
12,736 j
12, 266
15, 012
14,617 89, 567
93,198
14,341
18, 033 102, 007
18, 022 108,944
15, 342
15, 360
15, 740
16, 366
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
27.929
30, 978
26,175
18,177
30, 820 101, 047
24, 830 89,849
23, 966 81, 010
12, 768 74,967
26,191
22, 338
19, 229
15, 543
31, 888
35,354
27, 777
19,932
37, 305
28,170
28, 255
14,156
17,164
20, 202
27, 669
23,719
12, 692
16,130
15,864
19,352
10,604 82, 765
15, 276 89,880
19,404 101, 393
17, 627 106, 225
20,658
21, 331
25, 437
20,442
23,128
25,078
19,011
22,311
20, 992
19,064
18,911
23, 086
23,568
20,442
20,781
108, 721
114,432
114,224
113,776
22,733
19,865
14,437
22,311
25, 734
19,972
20, 340 113,561
25,917 104,301
17,740 99,284
20,917
!,973
16, 325
43,024
10, 004
9,770
8,810
10, 592
10,576
12, 202
17, 778
14, 210
32,115
38, 053
45, 059
50,897
14,113
13, 834
14, 424
14, 308
14, 355
10, 824
14,983
19,845
16, 489
13, 486
16, 243
23, 028
50,
53,
52,
46,
87, 437
77,150
72, 951
15, 551
15,000
12, 356
11,829
18, 766
20,173
19, 631
14,435
21, 080
18, 257
20, 236
12,316
44, 534
39, 409
32, 375
29,915
13,105
13, 527
13,132
16,164
10, 896 81, 849
12, 473 89,855
16, 085 101, 042
15, 610 105, 300
14, 226
14, 842
17, 261
15, 326
9,534
9,770
8,965
10, 594
9,240
7,393
11, 588
10,873
34, 464
40, 452
48,714
53, 598
21, 367
25,561
21,225
26,966
18, 539
18, 509
22, 581
29,268
21, 439
25, 554
25,999
26, 518
106,933
113,210
113, 905
111,962
14,797
16,242
13, 577
16,828
12,965
11,756
14,360
17, 904
15,810
11,946
15,775
18,606
60, 439
60,313
59,692
58,610
29,682
24, 758
22, 575
30,687
31,156
29,156
25,112
30,400
24,812
111, 499
110,647
101,990
17,453
14,088
11,251
17,304
18,156
17,540
15,768
19,683
16,154
58,887
55,030
49,302
22, 729
97, 756
\
.
j
I
9,463
11, 565
853
638
915
519
1928
January
February
March
April...
May..
June..
r3
1 Data on gray iron foundries in Ohio from Ohio State Foundry men'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 1921 through 1926 may be found in the Record Book of Business Statistics,Metals
and Machinery Section, pp. 28 and 29.
2
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
http://fraser.stlouisfed.org/
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
Federal Reserve Bank
of St. Louis
Ten months'
average, March to December, inclusive.
42
Table 19.—HOUSEHOLD MACHINERY AND PUMPS
VACUUMCLEAN
ERS
WASHING
MACHINES 2
(qtly.)
Total Electric
Shipments
Number
I
I
o
Relative to 1923-1925
9 738
658
3,073
3,097
3,157
3,201
3,220
92.1
92.5
90.2
100.8
i, 566
i, 985
45, 021
58,845
45,554
41, 625
614
717
524
1,212
1,452
1,582
,260
,394
., 552
1,252
2,676
3,273
3,550
3,871
3,729
3,478
89.8
118.2
134.0
141.3
9Q.5
117.1
132.1
137.0
86.0
123.7
143.5
163.6
86.2
113.0
137.4
132.8
1,270
1,350
1,456
1,304
7,004
8,318
7,830
7,578
38, 570
60, 717
52,184
46,212
429
636
799
717
1,730
1,834
1,594
1,947
1,603
1,698
1,611
1,919
3,546
3,619
3,586
3,606
3,625
4,495
3,334
4,254
154.1
180.7
156.4
154.3
155.9
191.4
162.5
141.8
144.4
124.4
124.5
219.7
145.4
143.8
140.1
131.6
76, 308
75,459
69, 654
70, 340
1,478
1,348
1,195
1,015
7,534
7,463
6,310
4,848
39, 254
40,127
29,459
39, 495
659
432
510
353
1,468
1,484
1,462
1,533
1,703
1,540
1,674
1,541
3,332
3,256
3,029
2,992
3,115
3,239
4,330
3,512
123.5
84.7
77.0
82.8
112.4
81.8
68.4
80.4
182.1
99.8
121.9
95.8
135. 7
131.0
130.8
124.8
67,214
74, 563
81, 522
94, 725
55,319
62, 510
64,961
78,993
1,273
1,437
1,811
1,878
4,975
5,896
6,387
45, 283
46, 921
42, 532
47, 430
608
695
875
776
1,634
1,390
1,800
1,405
1,112
1,486
1,482
1,565
3,499
3,384
3,686
3,525
3,029
3,148
4,067
3,554
103.7
140.4
187.4
152.3
105.6
133.5
185.1
154.8
93.5
176.2
199.8
139.2
136.9
138.6
136.0
145.9
80,158
79,825
70, 260
75,155
64, 493
64, 892
58, 009
63, 606
1,467
1,482
1,238
1,595
7,501
8,355
7,586
8,601
37, 562
967
43, 322 1,038
38, 752 1,024
39, 969
994
1,497
1,374
1,409
1,489
1,511
1,498
1,597
1,474
3,482
3,350
3,044
3,040
4,524
3,137
3,078
3,815
149.1
167.6
158.5
177.6
153.9
176.2
158.5
166.8
124.0
123.0
158.8
234.0
145.3
137.7
127.8
126.5
84, 795
86,922
79,422
69,945
70, 227
71, 570
64, 082
56,999
1,674
1,743
1,414
1,106
8,211
8,365
7,079
5,980
43,007
40,443
36,130
38,148
1,492
1,758
1,461
1,178
1,300
1,403
1,221
1,303
1,294
2,950
2,950
3,092
2,792
3,185
4,232
3,170
157. 2
122.6
87.3
91.4
134.4
112.0
80.0
83.5
277.0
178.0
125.6
133.5
116.2
121.1
123.5
138.2
» 51, 566
49,804
225, 891
1924 mo. average
1925 mo. average. _ _ _ 239,463
266, 358
1926 mo. average
1927 mo. average
60, 741
73, 506
85,754
78, 709
51,005
61, 073
70, 307
64,638
1,446
1,510
1926
May
June
July
August..
89,150
90, 758
85,799
84, 912
72, 865
73, 258
69, 762
70, 592
93, 801
89, 645
81, 394
82, 263
320,110
1! 1%
I;
©
'•P
$6, 076
12, 653
5,974
4,631
5,430
254,075
216,148
fl
IS
$1, 462
2,543
.,468
,254
,753
47,128
24,117
35, 244
46,197
September.
October
November.
December..
Thousands of dollars
Shipments
Be
$1,882
2,674
1,072
1,406
1,679
74, 071
34, 691
48, 203
59,036
270,934
Steam, power, 6and
centrifugal
Shipments
Number of units
AGRICULTURAL
MACHINERY AND
EQUIPMENT s
PATENTS
GRANTED7
Pitcher, Powhand
and horiwind- zontal New Ship- Unmill type orders ments filled
orders
Shipments
Number of machines
1919 mo. average
1920 mo. average
1921 mo. average
1922 mo. average
1923 mo. average
Domestic «
4
YEAR AND MONTH
Shipments
n
PUMPS
8
193H
January.
February
March
April
May....
June
July
August..
September.
October
November.,
December..
274,089
241,698
212,829
1928
January
February
March
April
May.
June.
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.
3
Compiled by the American Washing Machine Manufacturers1 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
hand3 machines, separately, are given in November, 1924, issue (No. 39), p. 97.
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 21 manufacturers, covering domestic water softeners. Values of shipments are
given on press releases and appeared in the November, 1927, issue (No. 75), p. 27.
*
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 32 manufacturers. Details by classes are given in press releases.
6
Compiled through 1926 by the Federal Reserve Bank of Chicago, covering 22 firms in 1922 and 1923 and 19 firms thereafter. Beginning with 1927, these data have been
compiled by the U. S. Department of Commerce, Bureau of the Census, from practically the same number of firms. Details by classes, showing units and values as between
domestic
and foreign shipments, are shown on monthly press releases.
6
Compiled from data furnished by the Hydraulic Society, the original figures being prorated to compare with reports from 23 identical firms beginning with April,
1925. The number of members reporting gradually increased from 14 in 1919, representing about two-thirds of the 1925 membership, until the full 23 companies reported.
These totals are believed to represent about two-thirds of the industry, and in 1923 these shipments represented about 23 per cent of the total production of all pumps and
pumping machinery according to the census of manufactures. Details are given on the association's reports as to single steam pumps, duplex steam pumps, power pumps,
centrifugal pumps, and reciprocating deep-well pumps. Monthly data from 1919 appeared in the February, 1927, issue (No. 66), p. 24.
7 Patents granted compiled from the official records on file in the U. S. Department of Commerce, U. S. Patent Office, Division of Publications; inasmuch as patents are
granted on Tuesdays only, the number of patents shown for a given month represents the total of either four or five Tuesdays. Monthly data from 1913 appeared in April,
1923, issue (No. 20), p. 48, except for internal-combustion engines, which appeared in June, 1923, issue (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
19138to 1918 appeared in February, 1925, issue (No. 42), p. 64.
Compiled by the Federal Reserve Bank of Chicago, covering 90 manufacturers, estimated to represent 80 per cent of the industry. The production figures are based on
the employment data of 88 firms and the shipment figures on the value of goods shipped by 90 firms (60 reporting foreign shipments). Details for each class, segregated
as to foreign and domestic shipments, are shown separately in the monthly summaries of the Federal Reserve Bank of Chicago. Monthly data since January, 1923, were given
in the March, 1927, issue (No. 67), p. 24.
fi Eleven months' average,
43
Table 20.—INDUSTRIAL MACHINERY
F O U N D R Y EQUIPMENT i
Y E A R AND M O N T H
New
orders
Shipments
Unfilled
orders,
end of
month
Relative to average shipments, 1922-1924
1919 monthly
1920 monthly
1921 monthly
1922 monthly
1923 monthly
average.
average.
average.
average.
average.
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average.
average.
average.
average.
STOKERS 2
Sales (new
orders)
Number
Total
h.p.
MACHINE
TOOLS 3
ELECTRIC HOISTS *
ShipUnNew orders
ments
filled
New Ship- orders,
orders ments end of QuanValue
month tity
Relative to average
shipments, 1922-1924
No. of
hoists
35.7
93.1
132.5
52, 732
65,920
27, 262
60,409
60, 871
261
202
38
77
134
104.7
132.6
141.1
124.2
94
112
113
105
42,857
46, 111
45, 519
38,577
94
150
162
138
6 153
167
139
6 290
294
227
311
300
274
$167,929
160,016
134,982
April
168.2
154.9
157.3
113.2
72
83
132
145
36,913
33,141
52,312
70,055
145
146
183
134
166
163
195
162
319
300
282
247
305
321
385
282
May
June
July
August..
128.5
133. 5
127.3
141.2
129
175
125
104
48,482
68,408
,50,494
38,852
112
186
173
167
150
159
146
130
214
255
277
September.
October
November.
December—
114.0
140.5
133.4
181.0
127
112
85
72
44, 211
40, 780
27, 606
34,974
194
195
175
134
157
193
184
FebruaryMarch
April
180.4
198.0
131.1
130.0
105
115
77
40,467
41,400
49,694
26, 249
123
143
152
126
May
June
July—
August-.
134.8
138.4
89.9
106.4
97
153
136
160
43, 601
54,804
41, 504
60,977
September.
October
November.
December—
98.0
95.8
106.8
104
95
67
83
27,843
27, 222
16,955
32,202
1936
January—
FebruaryMarch
1927
January—
107.0
113.4
97.2
110.4
105.2
106.3
105.8
103.5
Ship- New
ments orders
Infilled
orders,
end of
month
Thousands of dollars
Dollars
234
183
73
130
122
ELECTRIC OVERHEAD CRANES «
$574
316
$226
575
764
$154,073
165,089
128,358
785
812
977
776
742
898
974
665
152,938
166,243
234,032
134,109
169,024
210,673
191,188
128,140
777
1,130
814
1,180
913
971
1,114
901
253
332
293
273
147,447
178,426
171,871
165,773
185,607
159,124
130, 234
150,419
1,021
1,031
860
982
904
915
1,378
777
363
350
340
278
326
233
290
312
153,632
128,137
130, 257
157, 329
173,958
169, 245
139, 231
174, 220
1,048
893
1,016
1,429
585
785
4,406
3,964
3,738
138
155
158
138
248
234
226
216
262
269
291
284
134, 006
148,381
144,305
138, 829
139, 522
127,459
139, 528
138, 510
704
934
1, 065
909
750
660
3,971
3,352
3,042
2,772
127
139
129
170
135
142
100
118
198
200
216
278
330
285
229
278
171,192
128,313
105,103
162,594
124,729
129, 810
98,020
128, 331
671
801
679
729
106
133
134
169
128
152
149
157
266
231
214
192
300
270
223
272
147, 323
114, 835
102,238
122, 663
151,674
121,445
139,066
102,206
653
764
637
762
« $4, 036
2,626
483
2,555
2,643
2,746
2,278
566
525
586
2,273
2,117
1,975
1,792
487
964
1938
January—
February.
March
April
May.
June.
1 Compiled by the Foundry Equipment Manufacturers' Association from reports of from 11 to 18 members, said to represent 65 to 70 per cent of the foundry equipment
industry. The principal products are molding machines, sand-cutting machines, sand-blast machines, tumbling barrels, sand-mixing machines, cupolas, ladles, core^making
machines, etc. The reports for each month are related to the average shipments of the reporting firms for 1922 to 1924 and are thus comparable, despite the difference in number of reporting firms. The association reports give detailed index numbers by sizes of firms but no numerical data.
2 Stoker sales through December, 1922, from the Stoker Manufacturers' Association, said to represent approximately 99 per cent of the industry; beginning with January,
1923, from reports to U. S. Department of Commerce, Bureau of the Census, from 13 manufacturers, representing practically the entire industry (15 prior to August, 1924,
when 4 establishments consolidated into 2). 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 industry. This index, based on average monthly shipments for the years 1922 to 1924 as 100, covers gross new orders, shipments, and unfilled orders at the end of the month.
The association reports give detailed index numbers by sizes of firms but no numerical data. Detailed shipments data, since discontinued, appeared on p. 55 of the April,
1924, 4 issue (No. 32).
Compiled by the Electric Hoist Manufacturers' Association from the reports of 9 firms.
5 Compiled by the Electric Overhead Crane Institute, from reports of 11 manufacturers, estimated to cover 98 per cent of the output of electric overhead cranes for
factories, etc. Monthly data from January, 1925, appeared in March, 1927, issue (No. 67), p. 26.
6 Three months' average.
44
Table 21.—ENAMELED WARE1
BATHS
Y E A R AND M O N T H
SINKS
MISCELLANEOUS
TOTAL
SMALL
WARE 2
Ship- Stocks,
New
ments end mo. orders
Ship- Stocks, New
ments end mo. orders
Unfilled
orders,
end mo.
LAVATORIES
Ship- Stocks,
New Unfilled
orders,
ments end mo. orders end
mo.
Ship- Stocks,
ments end mo.
New
orders
N u m b e r of pieces
3 21,980
21, 514
69,872
47, 754
49, 527
55, 769
65, 230
j| 44,888
32, 620
123,163
45, 768
132, 369
138, 791
20,951
75, 324
41, 768
35,439
71,193
106, 995
156,620
152, 787
35,107
40,911
93, 033
97,316
98, 758
115,841
103, 581
93,373
326,490
49,907
137, 628
253,957
168, 542
104,126
71, 230
40,746
51,438
58,169
91, 512
110,479
110, 283
127, 356
113, 773
102,577
84,933
85, 555
121,827
110,396
93, 685
98,031
107,316
79,437
78,325
83,831
139,858
140,669
105, 523
108,595
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
102, 333
98, 237
80, 271
68,133
83,117
82, 810
3 30,063
34, 322
73, 612
53, 428
57, 789
70,626
74, 293
48, 419
32, 846
54, 584
145, 329
124, 873
43, 302
109, 318
79, 507
56,408
143, 788
217, 050
236,642
225,395
53,438
56, 315
117, 222
121,891
106, 353
131, 741
115,065
104,643
60,231
66,458
95, 327
114,146
120, 381
129, 233
113,638
107, 439
66, 333
111, 764
93, 336
59,188
154,896
266, 823
283, 031
264,615
205,012
201, 847
222,032
228,838
145, 226
124, 362
117, 750
115, 536
140,046
145, 951
106,028
115, 529
88,388
89,611
94,167
96,048
114,198 232,117
104,982 246, 544
121,801 | 245,384
116,205 250,143
125,168
102,910
128,349
120,139
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
149, 555
158, 764
161, 391
177, 331
97,178
92, 008
84, 209
80, 023
48, 278
43, 556
38,801
49,804
130,131
117,122
86, 552
74, 005
99,993
182, 363
189,108
186,642
175, 728
86, 802
79, 810
104,993
98, 762
47, 343
43,104
46,109
44,405
104, 953
110, 278
104, 591
110, 220
158, 014
132,469
122, 529
120,903
109, 224
108,429
110,980
106,502
93,172
85,163
72,424
55,974
123,880
137,830
146,113
157, 868
96, 352
82,762
69, 356
66,504
1913 monthly av_.
1914 monthly av_.
1915 monthly av..
1916 monthly av_.
1917 monthly av 1918 monthly av_.
1919 monthly av_.
39, 831
42, 450
46,977
51,181
33,172
19,432
34,625
60, 530
41,6S4
1920 monthly av_.
1921 monthly av_.
1922 monthly av_.
1923 monthly av_.
1924 monthly av..
1925 monthly t av_.
1926 monthly av..
1927 monthly a v .
51,441
41, 510
74,814
90,396
95, 629
110,460
99, 595
91,791
1925
September
October
November
December
122,564
127,355
86,615
93, 242
1926
January
February
March
April
90, 503
82,909
102, 284
103,624
130,056
May....
June
July
Augusts.
September,
October
November^.
December. _
110,011
123,600
._
May-...
June__-.
July....
August..
September.
October
November _
December..
77,034
79,129
3 15,176
25, 427
42, 671
283, 860
57, 502
64, 577
124,179
127, 919
115,485
133, 381
115, 666
109, 670
31,062
33,640
45, 531
57,913
70,658
62, 289
50,003
46,472
47,410
89, 394
68, 400
51,260
111, 138
171, 306
151,371
133,478
27, 691
31,803
60, 931
63,290
65, 700
58, 535
52,364
46,211
952, 334
180,320
406, 291
913,480
480,920
250, 646
162, 217
111,560
239, 654
239, 269
228, 659
260, 981
145,236
130, 554
121, 985
121,012
56,701
57,906 !
45,910 |
44, 380 i
151,433
142,542
153,960
161,445
57,629 |
261,737
54, 452
46, 778
51, 700
192, 610
206, 451
189,157
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 j 158,717
46,210 | 160, 656
55,607 168, 298
52,076 158,229
58, 729
47,147
60, 226
51,180
200,619
198,326
205,003
198, 203
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 I
56,144
48,162
51, 559
160,409
157, 030
151, 854
145,143
59, 786
58, 538
49,432
55,657
182, 931
172, 026
160, 665
155,423
210, 291
208, 406
225, 645
265,400
115, 797
109, 582
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
102,986
88, 832
113 983
111, 301
256,114
267, 550
256,641
255,264
106,720
118,642
107,102
99,178
99, 613
117, 784
114, 302
296,158
311, 786
325,102
318,391
104,926
94, 215
123, 645
115, 254
40,465
45, 630
50, 753
49, 018
130,881
139, 952
133,431
129, 823
44,262
43, 349
51,961
43, 020
117,617
118, 617
115, 878
102, 663
46,666
42,164
43, 613
109, 206
115,371
107, 330
122, 783
243, 959
212,933
225, 484
212, 589
116, 205
112, 893
118,484
123, 204
112,461
121,808
111,214
126,958
303, 586
260,733
243, 807
231,384
118,391
114, 797
116, 786
127,926
49, 844
53, 401
44, 644
53,842
135, 726
131, 536
132, 606
126,652
46,937
50,421
48, 773
53, 235
117, 488
112,921
119,949
118, 755
41,407
33,154
28,993
33,160
115, 625
98,731
77,862
66,913
187,453
188, 202
193, 811
204,744
117, 212
95,032
76,055
78,292
115,007
113,717
83, 780
73,450
215,075
213,006
223, 265
233,091
122, 749
106, 438
84,031
49,955
44,998
40,441
34,675
135, 593
133, 612
131, 329
140,597
49, 513
45,972
38, 279
38,814
117,185
97, 538
95, 330
104, 774
92, 759
3 29,197
33,422
I
1927
January
February
March
April___
31, 555
34, 655
29, 367
40, 887
22, 201
23,331
28, 383
1928
January
February. _.
March
April
May.
June.
1 Compiled b y the U. S. Department of Commerce, Bureau of the Census, beginning with January, 1922, representing complete production as reported b y 22 manufacturers including the membership of the Enameled Sanitary Ware Manufacturers Association, except that a few small firms were unable to furnish complete reports prior
to January, 1924. Data prior to 1922 are totals of the association reports, estimated to represent about 98 per cent of the industry at that time. Monthly data from 1917
through 1926 m a y be found in the Kecord Book of Business Statistics, Metals and Machinery Section, pp. 36 to 39.
2 Small ware includes lavatories, sinks, and miscellaneous.
3 Nine months' average, April to December, inclusive; previous data not available.
45
Table 22.—COPPER AND COPPER PRODUCTS
PLUMBING FIXTURES
COPPER
1
Stocks, end mo.
Domes(N.andS. America)
tic
Exproduc- ship- ports,
2
Refined i tion, ments, refined
Refined Blister
(N.andS. blister refined i
Production
YEAR
AND
MONTH
World i
Minei
Smelter i
America)
51,487
47,851
62,003
83,578
78,976
79, 584
50, 514
51,023
51,020
47,922
57, 834
80,327
78,588
79, 522
53,601
50,378
77, 300
69, 615
1921 mo.a
1922 mo.a
1923 mo.a
1924 mo.a
1925 mo.a
1926 mo.a
1927 mo.a
19,667
41,154
61, 564
66,115
70,176
72,709
69,178
23,938
47,131
69,478
74,872
78,944
82,014
80,721
44, 766
65, 736
96,990
108,361
112, 692
120,038
123,042
1926
Sept
Oct
Nov
Dec
72, 627
75,099
74,947
72,396
80, 320
87, 012
92,768
86,907
1927
Jan
Feb
Mar
Apr
76,198
69,202
69, 314
71,122
May._June
July.—
Aug
Sept
Oct
Nov
Dec
52,179
38, 593
35,003
28,362
31,906
46,194
30, 398
21,413
25, 888
79,554
112,971
121, 624
128,406
133,374
138,196
25, 605
45, 829
61, 293
62, 782
69, 264
75,181
68,737
26,178
30,326
33, 859
45, 692
44,212
39, 244
43,631
123,390
123,120
126,322
126,424
132,013
136,600
148,321
142,300
78,459
73,939
74,207
61,942
40, 753
36,563
46,471
46,932
89,719
80,065
80,965
80,940
133,110
122,673
126,975
125,796
143,337
132,870
136,347
135, 729
76,499
67, 564
79, 537
73,976
71, 613
69,539
65, 545
67,248
82,132
77,84.7
75,029
78, 245
125, 581
113, 233
118,133
119,786
139,114
134, 243
132,186
135,015
65,936
68,959
68,080
67,377
74,418
83, 551
79,878
85, 868
119,100
124,927
118, 269
128, 923
133, 291
145, 278
141,975
148, 961
1938
Jan
Feb
Mar
Apr
d
New orders,
tubular *
337,989
206,377
188, 211
177,928
120,427
244, 509
9
128,918 9 241, 659
io 82, 726 10 248, 213
266, 704
73,390
254,805
96,728
.1250
.1338
.1442
.1303
.1404
.1380
.1292
70,137
68,233
73, 856
85,501
263,935
267, 866
277,479
273,135
.1406
.1386
.1358
.1330
43,879
37,184
45,306
46,908
93,982
105,401
103, 072
99, 256
276,316
272, 757
263, 793
249,834
69, 779
63,465
61,965
71,736
38,394
42,833
42,592
46, 571
108,079
96,360
104,388
93, 654
71,578
68, 619
59, 264
60,862
46,137
41,317
41,129
51,322
86,493
83,882
90,874
95,298
a
s
PL,
GO
Dollars
$0.1527
7.1360
.1703
.2720
.2718
.2481
.1869
.1746
297,928
270,151
Wholesale
priced
6 pieces
£3
Dolls,
per lb. Number
Short tons
1913 mo.a
1914 mo.a
1915mo.a
1916mo.a
1917 mo.a
1918 mo.a
1919 mo.a
1920 mo.a
Price,
ingots
electrolytic
(N.Y.)3
WIRE CLOTH«
1 1 «s
4 "I3 -Id
1
p
mm
ss§3 .
f\
rt«S
T h o u s a n d s of square feet
$67 58
8
220,198
215,908
265, 748
242, 535
200,923
229,302
8
$208,006
207,849
224, 054
229, 695
204,108
198,274
126. 45
119. 84
112. 81
107. 64
104. 27
358
438
491
455
501
418
468
420
1,062
1,141
1,070
1,236
201,998
155,069
172,394
152,616
204, 256
175,454
171,963
161, 629
106. 22
106.19
106.02
105. 74
505
477
512
574
464
492
453
523
1,099
1,068
1,075
1,088
345
327
377
346
.1299
.1268
.1308
.1281
371,125
232,435
239, 248
184,377
248,094
208, 569
210, 702
197, 545
105.91
105.16
105.17
105. 29
501
468
510
468
424
415
434
400
1,149
1,143
1,191
1,263
397
322
286
275
313
300
341
345
339
358
242,074
257,823
250,957
253,886
.1262
.1237
.1253
.1297
231,868
212, 055
169,498
229,923
222,555
173,145
173,041
207,013
105.09
104. 09
103.17
104. 39
444
434
418
422
384
431
391
427
1,300
1,292
1,374
1,320
351
393
367
413
220
229
245
256
413
395
417
398
246,517
246,354
250,014
247,337
.1294
.1296
.1332
.1377
230,978
200, 298
238, 034
211,779
209, 702
178,280
162,871
187, 767
104. 51
104. 71
104. 33
99.44
409
432
464
492
417
446
470
404
1,242
1,187
1,161
1,213
440
476
442
381
265
332
292
316
396
412
366
413
11
9 398
401
323
357
277
383
•
May__June __
* Monthly data from 1909 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section,
pp. 48 to 51.
i Compiled by the American Bureau of Metal Statistics, except mine production prior to January, 1921, and smelter production prior to 1923, for which the annual data
of the U. S. Department of the Interior, Geological Survey, have been used for monthly averages, and refined production, shipments, and all stocks from 1919 through 1923,
96 per cent in 1923; 97 per cent in 1924 and 1925, and 98 per cent in 1926. Smelter production data are based on the production of blister copper by smelters in the United
States from both domestic and imported ores, also from some scrap copper. Refined-production data represent the total output of primary refined copper by refiners in
North and South America. Domestic shipments (as distinguished from export) represent the movement of refined copper to the United States from 12 refineries located
in both North and South America. Stocks of blister copper represent holdings in both North and South America, including copper ''in process." Stocks of refined represent 2holdings at refineries in North and South America.
Compiled by the U. 8. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing refined copper in pigs, ingots, bars, old and scrap, pipes,
tubes, plates, sheets, and wire, except insulated wire and cable.
3 Pi
fi t
l t l t i N
Yk b d
f dil t t i
ild b t h E i i
dM i i J
l
P
c
e
by c a s e , s e s , and geographical dist
thereafter
the figures
have
collected from
the individual
manufacturers.
8
Compiled
by the
U. been
S. Department
of Commerce,
Bureau
of the Census, as an average of reports from 12 manufacturers and dealers of combined net selling prices to
retailers^ without freight, on the following competitive fixtures: Bathtub, washstand, water-closet, sink, two-part cement laundry tub, and 30-gallon range boiler, the prices
called
for by the paper mills; the goods included in this item are not included in any other items in the table except production.
7
Nine months' average.
8
Four
months' average.
9
Ten months' average.
i°
Eight
months' average, January, February, April, and May missing.
11
http://fraser.stlouisfed.org/
Eleven months' average, January missing.
Federal Reserve Bank of St. Louis
Lanufacturers, and estimated
1 goods made up and held until
46
Table 23.—ELECTRICAL PRODUCTS
ELECTRIC
GOODS
(Qtly.)1
LAMINATED
PHENOLIC
PRODUCTS 3 I
ELECTRICAL
PORCELAIN 2
Shipments
YEAR AND
MONTH
New
orders
Standard
High
ShipSpecial tension
ments
Thous.
ELECTRIC
MOTORS *
1 to 300 H. P.
New
orders
Shipments
Indoor
Outdoor
VULCANIZED
FIBER 7
43
New orders
Single-pole
units
Dollars
of dolls.
POWER
OUTLET
SWITCHING
BOXES
EQUIPMENT
AND
(quarterly) 5 COVERS 6
Shipments
If
1
Number of
pieces
J!
Ho
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
$167, 287
221, 504
216, 787
234, 514
252,968
io $71,607 i°$217,346
125,447
153,779
90,371
151,503
3131,171
35,091
43,497
$723, 692
661,358
93,811
93,540
98,818
95,259
134,726
144, 031
172, 506
169,213
44,843
42,749
51, 265
36, 627
567,748
489,884
603,372
540,814
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
740, 232
904, 269
740,424
792, 613
793,832
928, 272
876, 257
876, 297
97,335
101, 984
90,428
71,715
146,974
148,970
176, 583
141, 789
43,052
41, 038
44,518
30,335
829,355
1, 032, 042
834,884
576,794
937, 913
801, 036
745, 629
744,424
745, 783
837, 214
897, 262
907,971
93,176
87,083
108,688
88,755
122, 681
115, 043
168,148
148,789
35,002
35, 728
42, 391
47,066
494, 566
439, 334
505, 213
510,548
692,583
731,426
1,078,639
736, 081
72,846
96,438
42,402
62,697
132,927
134, 550
131, 293
114,467
(15)
44, 526
400,398
386,174
496,592
592,366
636, 716
929,872
831,274
810,424
736, 679
706, 219
753,547
859, 582
776,866
823,940
62,536
74,230
119,744
236,052
311,889 1,033,466
468,903
940,563
820, 652
740,366
776,325
834,479
$844,597
$871,130
13,305
n
3
u
INDUSTRIAL
REFLECTORS 8
Sales
Units
ELECTRICAL
TRADE 9
Delinq uent
aecou nts
Dollars
No. of
firms
"$225,106
202, 557
201, 689
186, 770
196, 747
179,179
187, 018
* 1, 518
1,625
1,497
1,518
1,547
1,499
1,518
£o
11,948 !61,457,461
$902
2,879 ii 147,498
1,466, 302
1,387,165
1,288,116
1,609,255
977
946
1,052
964
2,630
2,822
3,266 i2 460,599
3,182
159, 038
137,517
222, 768
249,618
1,339
1,552
1,897
1,881
1,452,768
1,422,186
878
855
889
902
3,234
3,272
3,020
2,711
113, 716
133,813
206,868
192,591
167,635
158, 765
1.702
1,528
1,388
1,386
1, 576,433
913
932
790
731
2,682
2,175
2,643
2,908
145,161
178, 993
157, 713
137,486
184, 581
144, 458
144,985
181,318
1,419
1,211
1,241
1,438
2, 258, 668
2,055,172
2, 093, 021
1, 960,806
795
732
919
796
2,939
2,371
3,002
2,701
146,152
122, 359
135, 084
115, 111
180,048
206, 283
242,606
247,479
1,397
1,505
2,040
1,936
2,332,608
2, 285, 533
1,936, 639
2, 645, 760
734
736
719
731
2,465
2,570
2,256
2,461
123, 080
117,156
107, 384
120,353
177,403
175,069
201,183
166,683
1,442
1,526
1,427
1,585
2, 228,162
2,577, 732
2, 728,841
739
748
667
1,896
2,030
1,929
125,802
140,346
141,392
145,031
156,606
148,358
197,462
1,320
1,365
1,286
1,381
1926
January
February
March
April
262,678
May
June
July
August
248,000
September
October
November
December
241,114
1937
January
February
March
April —
260,078
245,179
May
June
July
August
_.
September
October
November
December
1928
January
February
March
April
235,726
233,521
934,124
815, 977
807,281
878, 028
1,167, 749 1,027,319
821,947
866,869
766,
671,
802,
737,
011
208
572
349
10,776
7,905
11,436
10,191
15, 520
14,970
15,486
14,725
15, 208
17,500
14,409
17,407
12,039
16,127
#
•
May
June
1 Data compiled by the U. S. Department of Commerce, Bureau of the Census, from quarterly reports by 86 manufacturers of electrical goods. The data include nonelectrical items made by electrical manufacturers and represented 60 per cent of the output of the electrical industry in 1925, according to the census of manufacturers.
Quarterly
data from 1922 through 1926 may be found in the Record Book of Business Statistics, Metals and Machinery Section, page 47.
2
Compiled by the National Electrical Manufacturers' Association, from reports of 12 firms estimated to produce 50 to 60 per cent of all standard porcelain (8 firms) 15
to 20 per cent of special porcelain (12 firms), and 10 per cent of high-tension porcelain (3 firms), except that beginning with July, 1927, a much larger proportion of the hightension output is included.
3 Compiled by the National Electrical Manufacturers' Association. This product is sold mostly in sheets, tubes, and cut panels and includes some material for noiseless
automobile
gears.
4
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 National Electrical Manufacturers' Association from reports of 6 firms estimated to represent 75 per cent of the output of this product.
7 Compiled by the National Electrical Manufacturers' Association. Shipments are exclusive of intercompany sales. Consumption represents total vulcanized fiber
paper, both sheet and tube.
s Compiled by the National Electrical Manufacturers' Association from reports of 5 companies estimated to represent 85 per cent of the output of the product. Details by kind of reflector and wattage are given in the association's monthly reports. The reflectors shown here are only for industrial use, but most of them can be used
either indoors or outdoors.
• Compiled by the National Electrical Credit Association from reports to its constituent regional associations by electrical manufacturers and jobbers. Monthly data
from 1921 appeared in the May, 1924, issue (No. 33), p. 206.
i° Six months' average.
" Nine months' average.
12
Quarter ending in month indicated.
3
Five months' average.
1*4 Eleven
months' average, February to December, inclusive.
15
No data available.
http://fraser.stlouisfed.org/
*• Seven months' average.
Federal Reserve Bank of St. Louis
47
Table 24.—ELECTRICAL PRODUCTS
FLEXIBLE CORDS
New
Orders
YEAR AND MONTH
Shipments
Stocks,
end of
month
Thousands of feet
ELECTRICAL
PORCELAIN
WELDING
SETS
Shipments
New Orders
Glazed
nail
knobs
Unglazed
nail
knobs
Tubes
PANEL
NONBOARDS METALAND
LIC CONCABIDUITS
NETS
Single MulShiptiple
opments
operator erator
(quarterly)
Thousands of pieces
Dollars
Units
1926 monthly average
1927 monthly average
134
11
Shipments
Thous.
of feet
1927
January
February
March
April
May
June
July
August
__
.
_
__
. __.
. . . . . .
September
October
November
December
. . .
.
__
__
2,844
2,324
3,391
866
2,011
1,121
1,371
1,532
1,508
119
138
142
153
16
12
7
12
1,502
2,123
635
1,165
1,218
2,107
1,030
1,145
136
139
118
137
7
12
8
23
755
879
1,092
660
1,273
1,361
133
153
123
26
37
11
30,733
32,419
36,660
36,005
60,017
58, 556
3,107
3,358
1,864
2,361
36,274
40,389
37,584
46,632
52,494
55,603
51,091
47, 566
46,332
1,897
2,945
2,134
$738,119
822,895
864,598
10,488
8,464
10,886
10,365
11,390
9,359
8,580
9,713
9,235
9,614
9,017
1928
January
Februarv
March
April
May
June
-
-- -
i Compiled by the National Electrical Ma:
details by sizes are presented in the association's reports.
O y pfcLOKSi^G SIZGSy VS^ltXl p r i C G TRiIl^G 3.11 Q 3iVGr3»££GSj 3XG pi^GSc/i-ll/CiVA 1XJL 1/X-1O CtOOV^XCHjX\JXX O i C p U H O *
J_^Cll/tl UJJ. W CXliXXX£ O^tO CU.^ XlXXXXXOXl^VA UJ
\J VA^XXXtyO/XXXtOy X C/LJX ^OCXXl/XXXg, aU\JlA.U *7V/ JJCl
cent of the industry; no monthly figures are available for 1926. Details of single-operator variable voltage sets by ampere capacities are presented in the association's reports
as well as the total ampere capacity of the multiple operator constant-potential sets. Data on panelboards and cabinets are reported by 9 companies representing about
SO per cent of the industry. Data on nonmetallic conduits are furnished by 10 companies, representing about 90 per cent of the industry.
NUMBER OF ELECTRIC FANS SOLD i
Domestic
YEAR
1916
1917
1918
1919
1920
1921
1
2
-.
_.
270,604
386,314
576,934
583,964
704,494
494, 740
Export
31,860
44,231
43,749
48,631
103, 757
36,801
YEAR
1922 2
1923 2
1924 2
1925 2
1926 2
1927 2
Compiled by the National Electrical Manufacturers' Association, Fan Motor Section.
For "fan-year" ending Sept. 30 of year indicated.
Domestic
547,454
657,570
639,617
881,025
744,053
610,610
Export
41,899
42,699
65,698
37,676
46,394
52,964
48
Table 25.—TIN, ZINC, AND LEAD*
ZINC 2
TIN*
Deliveries
YEAR AND
MONTH
Stocks, end of ImRetorts Promonth
ports, | Price, in oper- duction Stocks
at rebars, | (NeSw ation, (total fineries,
pri- end m o .
end of
World
I
York)
U.S.
mary)
month
visible
etc.
Dolls,
per lb. i Number
Long tons
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
.4828
. 2858
.3183
.4180
.4968
. 5679
.6362
.6275
89, 737
36, 623
57,007
84, 634
76, 748
87,062
87,105
79, 561
39, 981
17, 968
31,140
44, 267
44, 654
49, 244
53,211
51,129
40, 443
79,394
36, 385
20,042
39, 226
15,720
20,501
37, 560
46, 461
26,192
44, 426
58,126
60,965
67, 767
70,072
57, 420
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, 99C
6,160
7,230
7,941
5,132
.6017
.5841
.6137
86, 279
76, 912
83, 980
84, 584
53, 703
48, 226
48,403
51, 761
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
15, 342
14, 221
15, 441
13, 849
3,304
2,484
1,709
1,704
7,966
4,704
5,946
6,228
.6479
.6653
.6783
.6607 j
6,070
5, 735
5,950
6,895
14, 655
15,638
15, 377
14, 487
1,604
1, 519
1,984
2,201
6,029
5,139
5,682
8,560
6,110
6,005
5,665
4,535
15, 083
14, 684
14, 594
15, 733
1,973
3,158
2,003
1,573
4,938
7,179
4,876
3,958
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 .3430
4,302 .3859
.4348
5,137
5,344 .6180
(6)
5,302
3,337 .6333
1927 mo. av_
4,260
2,156
4,788
5,846
5,344
6,371
6,504
6,041
19, 726
19, 697
24, 683
21, 740
21, 254
19, 538
15, 386
14,925
3,322
2,351
2,482
2,667
3,251
2, 890
2,164
2,101
4,689
2,016
5,016
5,745
5,422
6,386
6,424
5,934
1926
January
February. _.
March
April
7,340
6,250
6,835
7,105
16, 787
16, 239
14, 280
15, 516
2,104
3,399
2,494
1,354
May
June
July
August
5,685
6,900
7,630
5,870
18, 045 1, 739
15, 831 | 2,409
13, 777 3,014
13, 352 1,829
September.
October
November.
December _
5,835
5,955
6,140
6,505
14, 379
14, 841
15, 257
16, 326
1927
January
February._
March
April
_.
6,295
5,965
6,545
6,720
May.
June
July
August
,
September..
October
November.
December..
Ore
Price,
stocks, prime
Joplin westdistrict, ern (St.
end mo. Louis)
Production
Re- Stocks,
ceipts U.S.
and
in
U. S. Mexico,
Joplin
ore end
district Utah
mo.
Ore shipments
Dolls,
per lb.
Short tons
105, 684
94, 468
156, 568
204, 693
136, 639
123, 033
100, 83C
3,658
3,475
4,063
4,685
4,823
4,862
2,692
1913 mo. av_
1914 mo. av_
1915 mo. av_
1916 mo. av.
1917 mo. av_
1918 mo. av.
1919 mo. av.
Ore
shipments,
I o pi in
district
LEAD 3
(New
York)
Dolls,
per lb.
Short tons
3,936
3,464
3,734
4,496
5,264
5,561
5,683
$0.0550
0506
.1306
.1264
.0873
.0789
.0699
Price,
pig, de
silverized
$0.0437
.0386
.0467
.0686
.0879
. 0750
.0576
!
1920 mo. av_|
1921 mo. av_
1922 mo. av_
1923 mo. av.
1924 mo. av_
1925 mo. av.
1926 mo. av_
68,063
58, 649
42,003
25, 521
23, 544
29,602
.0775
. 0466
.0572
.0669
.0634
.0762
. 0734
.0624
7,800
31, 381 5,700
39, 436 7,805
44, 768 7,522
51,980 8,336
56, 503 10, 774
59,012 10, 865
57, 273 8,675
38, 938
21, 181
32,152
43, 349
48,459
67,586
65, 532
30, 692
36,317
44,231
47, 755 102,046
53,902 100, 706
56,503 116,069
76, 569
77,093
71, 811
64, 722
25, 201
21,528
24,107
22,995
. 0S30
.0776
.0733
.0700
60,178 11,976
56, 397 12,306
61,997 10,212
55, 347 8,435
71,645
58, 951
56,902
75,563
56,645
55, 624
58, 575
56, 701
104, 663
105, 417
112, 637
117, 563
.0915
.0839
.0797
29,934
25, 760
22, 986
18,164
68,718
55, 732
73, 4C9
67, 736
29, 757
31,885
20, 776
19, 250
.0682
.0711
.0741
.0738
59,134 10, 765
56, 302 7,131
56, 624 11, 566
58,071 10, 505
60,051
62, 418
69,965
59, 303
57,178
53,383
53, 414
56, 530
120, 817
123, C99
118, 697
111, 429
.0775
.0803
.0850
.0891
52,144
54, 979
55,062
56,884
15, 699
15,909
14,481
21,887
69, 547
75, 786
70,045
69, 699
19,103
26, 287
22,482
19,158
.0741
.0730
.0720
.0702
55,965 12, 879
63, 250 14,965
61,044 8,641
63, 829 10,997
62, 817
76, 317
61, 460
70, 989
56,754
58, C92
57,023
58,117
113,109
118, 311
120,054
127, 035
.0840
.0801
.0786
88,908
85,836
83, 208
81,096
51, 341
56,546
51, 626
29,912
32,938
36, 279
41, 208
69, 853
46,603
69,125
71, 077
25, 515
29, 202
18, 538
21, 536
.0666
.0667
.0669
.0634
59,383
54,151
61,128
60,193
10, 812
7,448
10,164
12, 602
64,768
61, 305
68, 358
76, 452
56,345
51, 722
58, 364
60,134
134, 682
139, 824
145, 766
160, 437
.0758
.0742
.0758
.0713
.6394
.6423
.6263
.6352
78,057
80, 047
76, 519
76, 851
51, 296
49, 718
47, 627
49, 012
42,046
43, 858
39, 323
34, 587
44,222
31,167
59,104
61, 749
27, 984
35, 677
30, 813
24, 934
.0608
.0621
.0623
.0634
57, 285
58, 391
57,059
55, 830
7,581
5,194
6,169
8,540
63, 518
62,842
63,114
63, 721
56, 942
53, 060
49,005
56, 479
175, 230
170, 287
165, 589
162, 866
.0662
.0641
.0634
.6074
.5756
.5709
.5805
74, 435
76,067
76, 627
77,084
47, 735
50,185
49, 217
52,347
34, 277
36, 223
39, 320
40, 751
55, 308
76,430
49, 830
54, 574
28, 806
29, 776
39, 296
43,147
.0621
.0600
.0575
.0572
53, 204 6,439
56,134 7,864
57, 703 8,207
56,812 13,079
80, 362 50, 995 160,134
66,157 53, 017 155, 868
70, 752 57,035
83,003
.0630
.0625
.0626
.0650
|
.0796
.0454
. 0573
.0727
.0810
.0902
.0842
.0676
1928
January..
FebruaryMarch
April
May..
June..
I
* Monthly data from 1909 through 1917 for items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section,,
pp. 52
to 5^.
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 Joplin district mines at end of month from the Joplin Globe. The Joplin 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 Joplin district from the Joplin Globe. Utah shipments are from the Park City, Bingham, and Tintic districts and represent totals for 4 weeks,
with4 a fifth week added in certain months, this accounting for most of the larger fluctuations. Details by districts are given in the bureau's reports.
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.
56 Eleven months' average, August missing.
No average computed.
7
Five months' average, August to December, inclusive.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
49
Table 26.—MISCELLANEOUS METAL PRODUCTS
BABBITT
METALi
Y E A R AND
MONTH
BAND INSTRUMENTS 2
Consumption
Shipments
Total Direct Sale
to
apby conpar- pro- sument
duc- ers
CupSaxo- Wood
Total mouth- phones
wind
piece
Thousands of pounds
Dollars
GALVANIZED SHEET
METAL WARE 3
Pails and tubs
Production
Production
1,177
1,282
1,092
4,575
4,213
3,917
588, 513
587, 589
544,377
482,419
206,113
219,151
201, 623
181,103
365,634
350,817
319, 358
277,187
17,100
19, 287
23, 396
24, 879
Thous.
Of Sq.
ft.
5,103
6,005
5,042
5,421
1,041
1,380
1,421
4,062
4,625
3,982
4,453
613,
771,
677,
879,
234
239
884
698
228, 543
274, 429
271, 624
341, 499
364, 565
468, 530
381, 886
510, 988
20,126
28, 280
24, 374
27, 211
5,546
5,911
6,290
5,802
1,444
1,272
1,008
1,412
4,101
4,639
5,282
4,390
464,
528,
622,
533,
916
335
248
728
157, 097
182,183
214, 590
198, 625
289, 254
326, 791
385,119
312,129
18, 565
19, 361
22, 539
22, 974
148, 537
138,159
120, 396
91, 707
5,178
5,519
5,469
5,744
1,157
1,330
1,339
1,354
4,021
4,189
4,130
4,390
445,
499,
482,
419,
256
554
765
071
179, 318
195, 867
176, 985
172,126
247,
279,
286,
228,
18,
24,
19,
18,
314
213
227
457
September
October.
November
December
5,750
5,471
4,747
4,508
1, 482
1,339
1,147
1,096
4,268
4,132
3,600
5,413
514, 799
646, 065
634, 999
740, 786
238,822
245, 328
234, 605
223, 926
247, 940
367, 628
371,939
489,356
1927
January
February. _
March
April
5,440
5,452
5,626
4,812
1,220
1,066
1,208
950
4, 220
4,386
4,418
3,862
407, 776
474, 302
559, 663
429,411
143,893
160, 558
193, 961
162,103
May
June
July
August..
4,946
4,855
4,605
5,497
971
830
1,442
1,008
3,975
4,025
3,162
4,489
404,
398,
366,
432,
648
743
338
571
153,
170,
142,
175,
September
October
November
December
4,792
5,115
4,506
4,466
676
1,255
1,186
1,296
4,117
3,860
3,320
3,170
527,
594,
603,
589,
640
020
944
967
195, 494
234, 399
216,128
223, 946
'6,789
119,159
118,806
44, 675
LOCK
WASHERS
Ratio
Ship- Ship- Quan- Ratio
to ca- Quanto catity pacity
ments ments tity pacity
Dozens of pieces
5,752
5,495
| 5,009
1924 mo.av?_
1925 mo. a v
1926 mo. a v
1927 mo. a v
Shipments
Other
ENAM- PORCELAIN ENAMELED FLATWARE^
ELED
SHEET
METAL
WARE New orders Shipments
43, 291
i 6,065
Per
cent
8 53
47
48
Thous.
of sq.
ft.
6,257
6,329
6,402
Shipments
Per cent
Thous.
of dols.
8 52
50
1925
September
i October
November
December
7,097
6,490
7,967
5,601
6,400
6,875
5,899
5,854
73
1926
January
February
March
April..
May
June...
July
August
_
__
_
434
942
373
999
38, 526
51, 658
60,177
44, 434
43,441
48, 620
56,119
48,182
5,455
6,283
5,359
5,591
5, 872
5,760
7,366
6,292
95, 929 103, 455
87, 205 96, 437
108, 631 119, 663
127, 366 134, 323
57,
54,
38,
44,
568
937
779
700
49,926
48, 940
41, 652
44, 911
5,947
4,654
5,573
5,853
6,376
5,723
6,052
28, 037
33,109
28,455
27, 504
135, 572 140, 491
143, 038 140, 778
88, 520
114,844
118, 525 101,356
42, 219
38, 847
32, 865
31, 393
43, 060
41, 295
31, 321
22, 025
6,236
7,790
4,995
6,051
6,282
7,015
6,922
6,436
249, 763
289, 347
337, 206
246,168
23,120
24, 397
28,496
21,140
131, 006
138, 788
202, 393
183,812
141,
165,
182,
198,
817
707
692
711
31,
39,
32,
30,
019
018
942
423
32, 082
36,123
30, 980
33, 785
350, 748
372, 452
440, 689
337,181
6, 759
6,175
7,484
5,764
5,942
5,993
7,567
6,596
208
253
302
273
227,
208,
204,
237,
899
334
470
532
23, 315
19, 467
19,495
19, 040
159,178
110, 909
124, 264
133,309
133, 387
119, 724
128, 816
148,148
33,
48,
30,
44,
011
849
712
632
29, 900
46, 357
31, 832
48,291
318,
292,
248,
329,
071
048
599
843
5,347
5,935
4,668
5,375
6,253
6,749
6,040
5,937
275
271
213
228
306, 715
325, 587
352, 960
340, 266
25,431
34, 034
34, 856
25, 755
127, 608 127,530
151, 495 141,101
112, 690 110, 275
310, 823
322, 827
287, 900
6,147
8,060
5,464
5,604
6,849
203
199
174
624
474
553
488
150, 430
124, 955
116, 036
109, 228
37, 776 44,852
39, 006 41, 368
35, 602 28, 578
6,394
5,609
1928
January
February..
March
April
May.
June.
1 Compiled b y t h e U. S. Department of Commerce, Bureau of the Census, from reports of 31 firms, comprising a large p a r t of t h e industry. Consumption is calculated
from sales b y manufacturers and consumption b y those firms (among them several important railroad systems) which consume their own production. These figures include
all white-base friction bearing metals.
2 Compiled b y t h e Band Instrument Manufacturers' Association, representing 64 per cent of t h e total o u t p u t of wind instruments in 1925, according to the census of
manufactures.
T h e galvan[a) Pails and
(&) Other galvanized ware includes steel baskets (but n o t wash boilers), ash and garbage cans, stable and street-cleaning cans, coal hods (including japanned hods), feed
measures, d r y measures (including japanned), refrigerator pans, watering pots, oil and gasoline cans, chamber pails, a n d ash and garbage-can covers.
4
Compiled b y t h e U. S. Department of Commerce, Bureau of the Census, from reports of 18 manufacturers, comprising approximately 80 per cent of the industry.
These reports include cooking, household, and hospital utensils having a vitreous coat on a sheet steel or iron base, and exclude equipment such as stoves, heaters, signs,
etc. Details b y class (white, grey, or colored), giving values, are shown in m o n t h l y press releases.
5
Compiled b y t h e Porcelain Enamel Manufacturers Association, from reports of 11 manufacturers of porcelain flatware, such as kitchen table tops, t u b covers, outdoor
advertising signs (of which 3 classes these figures are estimated to represent about 85 per cent of t h e industry's capacity), refrigerator linings, stove parts, etc. (for which
classes these figures are estimated to represent from 70 to 75 per cent of t h e industry's capacity outside of stove and refrigerator manufacturers with their own enameling
plants). T h e u n i t of measurement for these operations is t h e number of square feet of sheet metal passed through the furnace once.
« Compiled b y t h e Enamelist Publishing Co. from trade reports on t h e 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.
7
Six months' average, J u l y to December, inclusive, previous data not available.
8
Four months' average, September to December, inclusive.
http://fraser.stlouisfed.org/
9
Compiled b y the Commercial Lock Washer statistical Bureau from reports of 7 firms.
Federal Reserve Bank of St. Louis
50
Table 27.—AUTOMOBILES
EXPORTS»
PRODUCTION i
SALES*
Canada
United States
YEAR AND
MONTH
Total
Passenger Tr'ks
cars
PasTotal senger Tr'ks
cars
FOREIGN
ASComplete or chassis
Complete or chassis SEMPasBLIES senger
Acces(3)
cars
sories
and
and
PasPasmotorTotal senger Tr'ks parts Total senger Tr'ks
cycles
cars
cars
Thous.
of dols.
Number of cars
2,241
2,147
5,330
6,737
6,686
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
472
1,389
2,001
2,635
2,801
3,547
297
596
1,434
1,457
1,840
3,384
2,713
14, 304
3,203
6,520
12,658
14, 894
25, 245
25,483
32,828
11,876
2,579
5,566
10, 586
12,615
20,358
19,866
23,885
2,428
623
954
2,072
2,279
4,886
5,617
8,943
7,183
3,255
3,192
4,915
6,147
6,693
6,991
8,642
11, 781
14, 761
17,989
17,929
3,698
4,077
4,385
3,573
26, 312
28,232
27,952
31,189
21,171
22, 355
22, 278
23,152
24, 934
21, 751
15, 208
15, 261
21, 429
18,818
12, 953
12, 778
3,505
2,933
2,255
2,483
28, 482
19, 934
22,486
20,272
43, 485
41, 859
33, 882
28, 074
17,495
14, 670
9,828
7,752
12,624 4,871
10, 595 4,075
6,774 3,054
6,052 1,700
199, 650
264,171
345, 911
357,009
39, 276
40, 587
48, 519
47, 734
11, 745
14,826
19, 723
20,890
357,148
278, 728
236,866
274,378
46,951
43,231
31,608
34,429
15,376
18, 655
23,250
24, 611
25, 708
19, 208
10,987
12, 526
260,420 226,440 33,980
219, 712 1 183,041 36, 671
134,381 1 109,742 24,639
133,178 105, 784 27,394
11, 262
7,791
6,617
3,435
1,912
6 226
279
1,918
894
3,163
5,827
4,721
6,182
6,194
4,785
1,506
775
2,950
4,790
3,657
4,834
4,469
3,325
412
118
214
1,037
1,064
1,349
1,725
1,460
8,851
11,862
15, 322
14, 530
16,963
5,141
5,877
5,674
8,037
6,804 5,159
7,942 8,408
9,953 10,888
8,867 4,101
3,760
5,936
8,033
2,661
1,399
2,472
2,855
1,440
22,120
15,354
17, 077
16,130
6,362
4,580
5,409
4,142
7,062
6,113
7,527
5,705
5,594
4,541
4,158
3,045
3,977
2,979
2,641
2,448
27,001
20, 395
27,873
25,663
20,038
16,348
20, 562
21, 805
6,963
4,047
7,311
3,858
6,273
5,534
6,550
5,559
6,471
7,546
8,793
5,620
3,631
3,829
3,527
3,721
29,835
31, 524
39, 527
46, 703
22,122
21,355
29,985
34, 840
7,713 7,411
10,169 7,991
9,542 10,438
11,863 10, 609
21,991
16,470
8,719
10,139
3,717
2,738
2,268
2,387
49,052
27, 629
28, 604
32,059
38, 542
20,815
19, 398
23, 294
10, 510
6,814
9,206
8,765
8,681
6,236
5,173
2,277
2,581
1,555
1,444
1,158
26, 273
27, 718
31, 405
23, 609
19,033
19,366
21, 396
16, 473
7,240
8,352
10,009
7,136
38,458
45,307
74, 661
127,132
145,483
78, 620
138,138
1,958
2,115
6,167
7,678
10,680
18, 938
22,995
1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 mo.
185, 612
133,069
212,015
335,021
300,077
355, 475
358, 233
282,824
158, 797
121,093
191,910
302,644
266,921
313, 372
317,396
244,906
26, 816
11,976
20,104
32,377
33,156
42,104
40,837
37, 918
8 2, 613 8 2,315
7,909
8,504
12,203 10, 769
9,814
11,271
13,449 11,609
17,091 13, 707
14,952 12,239
1926
January
February
March
April
309, 544
364,180
434, 470
441,307
277, 831
325,122
387, 570
389, 833
31, 713
39, 058
46,900
51,474
15,479
18,838
22, 374
21,502
May
June
July
August
421,184
387, 900
359, 275
426,606
375, 317
343, 708
319, 688
382, 651
45, 867
44,192
39, 587
43, 955
September
OctoberNovember
December
395, 687
334,421
256, 301
167, 924
352, 202
292, 562
222, 419
139, 850
1927
January
February
March
April..
238, 926
304, 758
394, 430
404, 743
404,099
321,959
268,474
308, 807
May
June
July
August
_ _
September
October
November... _
December
8
Sales
g2
Thous. P.ct.
of dols.
Number of cars
500
468
1,123
1,048
791
694
1,633
1913 mo. av___ 40,417
1914 mo. av._. 47, 421
1915 mo. av__. 80,828
1916 mo. av__. 134,809
1917 mo. av__. 156,162
1918 mo. av_._ 97, 557
1919 mo. av__ 161,133
av.
av__.
av...
av...
av__av...
av...
av__.
Canada
United States
GENERAL M OTORS
CORP. 5
7
To
dealers
To
users
Number of cars
.........
$1O9,O1O
139,146
84, 518
125, 036
183, 342
160, 442
191, 315
209,073
28
37
43
63
82
38,064
66, 546
48, 945
69, 659
102,904
130, 229
17, 234
17, 547
20, 287
19, 777
142,
202,
336,
322,
705
935
497
051
84
82
78
76
76,332
53,698
91,313
64,971
113, 341 106,051
122, 742 136, 643
1,617
1,562
1,517
597
11,391
15, 431
12, 299
11, 647
175,755
242,398
160, 767
237, 931
79
81
84
81
120, 979
111, 380
87, 643
134, 231
141,651
117,176
101,576
122,305
4,483
5,439
6,435
4,836
1,988
2,107
2,358
784
8,514
12,919
13,962
13,348
256,631
171,915
170,567
88, 729
81
81
84
89
138,360
115, 849
78,550
44,130
118, 224
99,073
101, 729
52,729
7,466
5,308
9,072
4,075
5,296
3,597
6,512
2,930
2,170
1,711
2,560
1,145
14, 943
16,154
21,007
22,264
85,667
149,437
214,678
181,170
82
84
85
86
99,367
124, 426
161,910
169,067
81,010
102,025
146, 275
180,106
9,817
8,152
9,973
9,741
5,588
4,576
3,247
4,634
3,901
3,089
2,059
3,020
1,687
1,487
1,188
1,614
24, 490
20,870
17,969
15,047
254,707
215,957
158,089
178,889
87
88
86
86
173,182
155, 525
136,909
155,604
171,364
159,701
134, 749
158,619
7,962
6,600
7,501
7,505
3, 872
3, 507
3,876
2,193
2, 856
2,380
2,403
1,857
1,016
1,127
1,473
336
12,844
12,988
12,481
12,504
154, 772
185, 626
148,071
140, 607
128,459
57,621
60,071
132, 596
153, 833
80, 539
53,760
37,195
60,940
54,797
68, 921
101, 319
129, 548
1928
January
February
March
April
May
June
1
Monthly domestic automobile production data beginning July, 1921, represent practically complete production or factory sales as compiled by the U. S. Department
of Commerce, Bureau of the Census, including total membership of the National Automobile Chamber of Commerce. Foreign assemblies are included in these figures. Annual
figures through 1921 represent production as compiled by the National Automobile Chamber of Commerce from the principal producers, covering close to 90 per cent of the
industry, from quarterly reports of other member companies, and from annual figures of small nonmember companies, covering the balance of the industry. Canadian
figures have been furnished by the Department of Trade and Commerce, Dominion Bureau of Statistics, since January, 1926. Monthly data from 1913 appeared in June, 1927,
issue2 (No. 70), p. 22.
Automobile exports compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3
Cars assembled in foreign countries except Canada by the principal American automobile manufacturers compiled by the U. S. Department of Commerce, Bureau of
Foreign and Domestic Commerce. These cars are not included in the production figures for the United States and Canada, nor in the exports of complete cars or chassis,
but 4they are represented in the value of parts exported.
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.
« 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 81922 appeared in the July, 1926, issue (No. 59), p. 25.
7
6 9 months' average, April to December, inclusive.
7 months' average, June to December, inclusive.
6 months' average, July to December, inclusive.
51
Table 28.—MOTOR VEHICLES
NEW PASSENGER-CAR REGISTRATIONS
(by price groups)l
ELECTRIC
INDUSTRIAL
TRUCKS AND
TRACTORS 2
AUTOMOBILE
RIMS 3
AUTOMOBILE
ACCESSORIES *
FIRE-EXTINGUISHING
EQUIPMENTS
Shipments
Shipments
Shipments
YEAR AND
MONTH
Total
High- Second Third Lowest Miscellaest
price highest highest price neous
Domestic
Trac- All
tors other
Number of cars
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
av.
av.
av_
av.
av_
av_
Exports
Number of vehicles
245,315
262,983
7,113
10,662
47,295
52,950
39, 586
52,353
147, 531
145,366
3,790
1,653
1935
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
NovemberDecember..
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
87,073
145, 508
123, 612
94,935
1,318
1,099
783
720
1936
January
February...
March
April
192,994
161,975
273,260
388,024
6,417
5,215
10,426
17, 768
36,971
29,575
53,026
81,882
32,612
31, 377
57, 774
79, 585
115,643
94, 856
150,921
206,045
May
June
July....
August.
396, 504
319, 788
331, 386
303,757
18,137
14, 372
12,477
11,198
80,215
63,066
58,728
65,244
82,073
66, 792
68,363
56,646
September..
October
NovemberDecember..
258, 431
238,328
161,013
130,336
9,994
9,702
57,079
51,104
5,277
1937
January
February.-.
March
April
174,638
179,920
259,499
327,599
May
June
July....
August.
SeptemberOctober
NovemberDecember..
Production
Thous.
of rims
Original
equipment
ReServ- MoAcice
place- cessotor
ment ries equip- vehiment
parts
cles
Relative to Jan., 1925
Hand
types
Number
1,358
1,929
1,822
2,167
2,016
1,668
156
139
151
120
124
135
153
131
112
124
156
155
128
127
119
51, 581
51,210
49,043
2,538
2,124
2,263
1,781
174
164
165
161
134
129
152
130
173
172
149
149
146
159
113
113
144
142
163
133
53,906
54, 856
55,185
49,997
6 49
6 280
6 57
17
12
12
108
102
85
2,064
2,551
2,198
1,608
179
214
149
141
100
131
133
145
155
163
158
146
123
100
96
110
126
123
128
135
51,343
51,408
45,491
49, 664
1,351
952
1,113
2,744
128
90
1,980
2,168
2,471
2,286
137
160
182
160
103
114
146
141
127
139
167
176
115
138
205
208
82
87
112
123
44,226
52,027
60,177
53,998
213,151
173,312
189,591
168,920
2,928
2,246
2,227
1,749
87
104
95
81
2,179
2,110
2,123
2,379
145
140
135
157
177
135
117
120
183
140
127
131
175
184
142
166
112
149
142
156
62,348
55,062
54,871
51,634
141,811
130, 650
88,430
71,032
1,424
1,365
944
794
82
97
25,810
48,093
45,507
31,988
27,423
2,366
1,829
1,210
1,096
151
125
79
95
120
116
94
109
126
109
83
64
165
145
119
112
131
154
139
139
49,486
45,075
44,188
41,432
6,291
6,524
12,086
16,136
33,509
33,507
56,383
73,850
34,249
37,294
56, 599
75,312
101,957
133, 694
161,469
927
638
737
67
120
1,498
1,753
2,072
2,060
132
158
195
185
107
100
120
117
79
93
135
156
140
155
210
223
93
92
128
125
47,354
47,302
50, 301
47, 850
314,988
263, 722
247,736
242,031
13, 732
12,356
11, 595
11, 514
67,334
60,507
63, 561
73,223
72,569
65,305
66,503
71,704
160,704
125,017
105, 563
85,071
649
537
514
519
2,169
1,872
1,680
1,826
184
176
148
155
123
130
142
169
131
132
97
115
192
171
136
134
133
147
118
143
56, 548
58,522
46,285
48,101
184,619
183, 979
132,487
10, 655
12,152
9,315
54,256
47,292
33, 834
57, 538
53,300
37,951
61, 779
70,841
51,093
391
394
294
1,727
1,385
839
1,134
139
124
99
111
181
174
132
126
163
103
75
61
127
120
143
104
122
108
111
111
46,255
48,472
43, 723
47, 804
6 50
1938
January
February
March
April
May..
June..
1 Compiled by R. L. Polk & Co., showing the number of new cars registered each month. Data for 1925 cover 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, while in 1926 all States except Mississippi are included (no estimates being made for
Mississippi)
and beginning with 1927, all States are shown complete. The company's reports show data by makes of car and by States and counties.
2
Compiled by TJ. S. Department of Commerce, Bureau of the Census, representing shipments of electric industrial trucks and tractors by 9 leading manufacturers, comprising the greater part of the industry.
3 Compiled by the Tire and Rim Association of America, from reports of 46 firms representing practically the entire industry. The figures include motor cycle, balloon, high-pressure, truck, and millimeter rims approved and branded by the association after inspection and are given in detail by kinds and sizes in the association
reports. Monthly data from January, 1922, appeared in April, 1927, issue (No. 68), p. 23.
4 Sales of automobile accessories and parts shipped to customers by 75 members of the Motor and Accessory Manufacturers' Association, the relative numbers being
based on value, with January, 1925, as 100.
fi Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 39 companies, representing practically the entire industry. Further details by
classes are given in press releases. Data compiled by the Fire Extinguisher Exchange from January, 1922, through September, 1923, appeared in the May, 1924, issue (No.
http://fraser.stlouisfed.org/
33), P. 81.
Federal Reservee Bank
St. Louis
Quarterofending
in month indicated.
52
Table 29.—CRUDE PETROLEUM
STOCKS 2
PRODUCTION i
YEAR AND MONTH
(end of month)
Grand
total
Tank
farms
and pipe
lines
California ?
Refineries
Light
IMPORTS
(3)
Heavy
CONSUMPTION i
(rnn to
stills)
REPRICE,
FINKANS.ERY
OKLA.,
OPAT
ERA- WELLS
«
TIONS
Per cent
T h o u s a n d s of barrels
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
av
av
av
av
av
20, 704
22,147
23, 425
25, 064
27, 943
104, 962
123, 709
145,914
144, 556
133,883
104,962
123, 709
145, 914
144, 556
128, 201
1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly
av
av
av
av.
av
29, 661
31, 531
36,911
39,137
46,463
117, 412
124, 961
150, 069
179,888
278, 605
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
av.____
av
av
av
av
61,034
59, 495
63, 645
64, 240
326,
386,
305,
282,
682
896
273
323
of
capacity
20, 583
26, 261
1, 592
1,389
763
1,565
1,383
3,145
4,402
8,848
10,447
10, 609
27,169
30,127
36,160
36, 947
41, 726
2.196
2.279
3.408
1.704
1.806
1, 487
1, 747
2, 024
1, 218
1,445
6,835
6,481
5,152
5,032
48, 437
53, 643
61, 660
64,939
1.439
1.446
1.675
1.883
1,284
1, 357
1, 212
1,380
1, 584
11, 364
103, 886
110, 026
133,115
159, 237
245, 673
13, 540
14, 935
16,954
20, 651
32, 610
294,
347,
273,
247,
32,190
39, 575
31, 395
34, 918
8 31, 550
39,132
43,462
35, 985
8
48,470
51, 708
71, 666
87, 374
Number
of wells
Dolls, per
barrel
$0. 934
.798
.583
1.258
1.775
1,415
1,409
1,512
1,733
2,511
659
320
878
405
OIL
WELLS
COMPLETED 6
81
80-
!
1926
May
June
July
August
62,822
61, 789
65,168
67, 009
284,186
281, 067
278, 672
277, 959
248, 379
244, 325
242, 313
240,977
35,
36,
36,
36,
807
742
359
982
37,192
35, 454
33, 548
32,149
88,184
87, 364
88,092
87, 772
4,501
5,571
5,185
5,332
65,
64,
67,
67,
354
810
335
589
81
81
81
80
1.900
2.050
2.050
2.050
1,515
1,697
1, 856
1,858
September
October
November
December.
65, 782
69, 664
69,891
72, 625
277, 988
277, 447
277,149
278, 264
240,164
240, 604
241, 584
242, 789
37,
36,
35,
35,
824
843
565
475
30,494
30, 390
30, 051
30, 861
87, 353
87, 529
87,440
87, 270
4,350
3, 860
5,043
4,987
66,
68,
67,
69,
420
907
641
484
82
81
80
80
2.050
2.050
1.750
1.750
1,745
1,962
1,749
1,560
1927
January
February
March _
April
71,
67,
75,
72,
475
874
304
590
278, 972
285, 458
290,110
297, 895
243,428
247, 749
252, 678
260, 410
35,
37,
37,
37,
544
709
432
485
31,017
29, 770
29. 568
29. 460
87,971
87, 640
87,886
88, 383
4,514
4,181
4,434
4,063
69, 948
63, 351
69, 082
66,964
79
79
77
77
1.750
1.700
1.335
1.114
1,385
1,342
1,417
1,528
May
June
July _._
August
76, 275
74, 538
78, 333
77,998
307,016
315, 702
324, 930
333, 673
270, 518
279,935
288, 385
295, 643
36,
35,
36,
38,
498
767
545
030
27,143
26,898
25, 301
23, 262
90, 289
90, 516
91, 695
91,965
4,557
4,019
4,824
6,261
70,148
68, 022
71, 901
71, 206
78
79
80
79
1.155
1.155
1.155
1.155
1,274
1,248
1, 275
1,120
September
October
November
December
75, 081
77,081
73, 778
339, 741
345, 357
348, 885
301, 528
306, 803
310, 058
38, 213
38, 554
38, 827
22, 795
21, 609
21,191
92,186
91,858
92, 555
5,122
4,633
5,339
68, 789
72,141
69, 792
79
80
81
1.198
1.240
1.230
1,220
1,056
1,086
1,044
i
1928
January
February
March
April
May
!
June
i
1
Production data, compiled by U. S. Department of Commerce, Bureau of Mines, represent output transported from field of production, excluding oil consumed at
locality of production or not transported therefrom, which has comprised only 1 or 2 per cent of the total production since 1919. Details by States and fields are given in
monthly
press releases. Monthly data from 1917 to 1920 given in December, 1922, issue (No. 16) p. 48, for 1921 and 1922 in August, 1923, issue (No. 24), p. 77.
2
Compiled by U. S. Department of Commerce Bureau of Mines consolidating work formerly carried on by the Bureau of Mines and the Geological Surv
Department of the Interior
December, 1924; since then California stocks a e not incuded.
e e y socs
ce a y ,
, p
y
uary, 1923, the figures on tank-farm stocks included topped oil and imported oil at refineries, but the duplication between this item and the total stocks at refineries was
slight. This old method of securing figures showed totals about 2 per cent greater than those secured by the new method used in 1923. Adjustments have been made
in figures of some of the earlier years to represent approximate net stocks for comparison with later figures. Refineries' stocks include both imported and domestic oil. The
number of days' supply is calculated from the tank-farm and pipe-line stocks and from current consumption, but because of the incompleteness of stocks data this item is
no longer computed. Monthly data on stocks from 1917 to 1919 appeared in December, 1922, issue (No. 16), p. 48; from 1920 to 1922 in July, 1923, issue (No. 23), p. 50; on
days'3 supply from 1921 to August, 1923, issue (No. 24), p. 77.
Imports of crude petroleum are as compiled by the U. S. Department of Commerce, Bureau of Mines. Beginning with February, 1923, topped oil has been generally
excluded from the imports; on this basis imports for February, 1923, were 5,069,000 barrels instead of 6,199,000 barrels, as reported, and to which previous 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.
6
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 7Oil and Gas Journal.
Includes producers' and refiners' stocks, light crude having a specific gravity of 20° and above and heavy crude a specific gravity below 20°; heavy crude data include
a large amount of manufactured fuel oil for which reason California figures can not be combined with data for the country east of California.
8
Average of 7 months, June to December, inclusive.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
53
Table 30.—GASOLINE AND KEROSENE
GASOLINE
Production
YEAR AND MONTH
1
Ex- 2
Raw (at Natural ports
refin- gas (at
eries) plants)
KEROSENE OIL
Stocks, end of
Prices
month i
Retail
ConNatuRetail, distribusump- Total at ral-gas Wholetion,
sale,
tank
tion i
refin- gaso- motor, wagon, States41s
eries
line N . Y.3 59 cities4
Thousands of barrels
1913 mo average
1914 mo. average
1915 mo. average
1916 mo. average__
1917 mo. average_.
Dollars
per gal.
Thousands of barrels
Thous. of
gallons
7 12,411
303, 435
3,622
4,646
4,603
3,859
4,576
974
1,943
1,728
1,486
1,776
2,870
2,766
2,757
2,461
2,905
9,648
7,157
9,035
9,584
7,180
.108
.115
.149
.084
.085
$0.176
.185
375, 448
463,998
566,106
650,926
4,661
5,002
4,974
5,147
1,682
1,818
1,756
1,835
1,607
2,921
3,059
3,331
3,178
6,498
7,855
9,498
7,721
.084
.080
.078
.104
.076
28,718
30,406
32,043
32,185
.202
.210
.210
.210
.196
.197
.197
.196
681, 350
701,128
784, 388
795,481
5,210
5,009
4,877
5,162
1,533
1,594
1,608
2,685
3,227
2,908
2,732
2,729
7,378
7,881
8,434
8,196
.125
.125
.099
.109
38,532
28, 958
29, 388
34,047
493
488
462
454
.210
.210
.210
.210
.192
.182
.176
.176
758,077
693,888
647, 685
607,910
5,207
5,126
5,357
5,399
1,852
1,884
2,021
1,835
3,406
3,148
3,506
3,037
8,162
8,238
8,060
8,575
.116
.105
.093
.093
33,110
31,936
28,841
28,843
46,058
49,714
52,410
52,379
560
618
697
788
.210
.218
.205
.194
.175
.170
.162
.153
548, 434
529,446
593,042
693,441
5,113
4,453
4,802
4,608
1,592
1,381
1,342
1,833
3,882
2,590
3,356
2,776
8,190
8,655
8,753
8,725
.094
.088
.083
.079
30,889
28,983
32,181
32,900
26, 579
27, 799
29, 784
29, 779
48, 609
43, 768
39,069
33,455
926
971
992
846
.190
.190
.190
.175
.147
.149
.149
.146
744,932
787,140
869,371
894,361
4,663
4,308
4,484
4,420
1,604
1,611
1,360
1,669
3,188
2,695
2,637
3,389
8,568
8, 567
9,038
8,373
.076
.072
.070
.068
34,437
31, 761
29,021
36,093
28,409
25,497
24,400
29, 738
29, 550
30,401
736
923
820
.170
.170
.170
.170
.144
.144
886,469
4,686
4,884
4,824
1,652
2,193
1,815
1,226
3,280
3,469
2,514
8,120
7,325
7,841
.068
.073
.073
.072
37,280
1918 mo. average-_
1919 mo. average
1920 mo. average
1921 mo. average
1922 mo. average__
7,084
7,853
9,688
10, 225
12,306
561
698
763
893
1,004
1,110
738
1,272
1,058
1,149
1923 mo. average__
1924 mo. average__
1925 mo. average__
1926 mo. average_.
1927 mo. average
14,992
17, 777
21, 633
24,978
1,620
1,853
2,192
2,692
25,271
24,946
25, 504
25,942
September
October
November____
December
1927
January
February
March
April
__.__
September
October
November
December
Price,
Retail
f. o. b. distriburefin- tion, 13
eries, States «
Pa,3
2,067
4,693
May
Stocks
at refineries,
end of
month i
2,888
3,426
4,085
5,656
June
July
August
Consumption i
$0 062
.058
.050
.060
.080
234
323
223
706
825
_
Thous. of
gallons
Exports 2
2,221
2,005
1,661
1,696
1,306
48
85
130
205
432
1928
May
June
July
August
Dollars per gal.
Production i
7 8,033
$0 168
.144
.138
.230
.238
6,209
6,815
8,434
8,960
10, 659
9,196
11,248
11,059
15,018
18, 834
242
.245
.293
.261
.251
1,678
2,354
2, 553
3, 540
3,592
13,062
15,417
18, 655
21, 818
28,249
35, 319
38,142
39, 654
7 369
515
207
.180
.191
.199
.188
2,626
2, 548
2,629
2,664
4,501
3,710
3,622
3,494
24,178
23,773
24, 719
26,856
42,916
40, 779
38,289
34,421
588
650
631
590
25,360
26,337
26,245
27,498
2,657
2,907
2,967
3,100
3,774
2,703
3,703
3,368
22,970
23,943
20,674
21,419
33,257
33, 712
35,905
39,023
27,960
25,024
27,886
26, 577
3,145
2,933
3,271
3,171
3,425
3,475
3,117
3,424
17,888
18,240
22,464
23, 371
26,787
26, 616
28,118
28,010
3,219
3,093
3,119
3,214
4,366
4,209
3,097
4,101
27,716
28,903
28, 558
3,245
3,419
3,410
3,481
3,805
3,654
2,949
27,488
1928
Januarv
February
March
April.
May
June _ . _
1 Compiled by the V. S. Department of Commerce, Bureau of Mines. Data covering production and stocks of natural-gas gasoline represent total production and stocks
of this product, both blended and unblended, the amount blended being included with the production, consumption, and stock data covering the refinery product. The
figures showing output of natural-gas gasoline include amount run from Californiafieldsthrough pipe lines. Stocks of gasoline at refineries include marketers' stocks beginning with June, 1923, while consumptionfiguressince that time take account of this change in stocks.
2 Compiled by the V. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Gasoline exports include gasoline and all other naphtha, less exports to
the Philippine
Islands to agree with data by the Bureau of Mines.
3
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Gasoline price represents average price of motor gasoline delivered in drums to garages in New
York4 City.
5 Compiled by the Oil and Gas Journal from reports of 50 representative cities as of the end of month indicated. Data were previously shown as of first ®f month.
Retail distribution of gasoline compiled by the American Petroleum Institute, from reports of gasoline-tax collection by 41 States, including District of Columbia, but
excluding Connecticut, Illinois, Maryland, Massachusetts, New Jersey, New York, Vermont, and West Virginia. Details for certain States for 1921 through 1923 may
be found on pp. 52 and 53 of the June, 1924, issue of the SURVEY (NO. 34), data from 1922 through 1924 in the May, 1925, issue (No. 45), p. 28, and data through 1925 in
the March, 1926, issue (No. 55), p. 27. These earlier totals are not comparable with those now published owing to the smaller number of States included. Prior to May,
1925, the earliest date for which the 41 States can be shown complete, the totals for 21 States have been prorated for comparison to the basis of 41 States, based on the proportion shown in the period from May, 1925, through December, 1926. Data for California, Montana, Pennsylvania, and Tennessee are only available quarterly and have
been6 divided by 3 to secure corresponding monthly figures.
Retail distribution of kerosene, collected from the tax statistics of Arkansas, Colorado, Florida, Georgia, Louisiana, Kansas, Michigan, Minnesota, Nebraska, North
Dakota, Oklahoma, South Carolina, and South Dakota by the American Petroleum Institute. Nofiguresare available for Louisiana in 1922, but they have been assumed
as
3
per
cent lower than the corresponding 1923 figures, in order to permit a total for identical States. Details by States for 1922 and 1923, except Louisiana, with partial
reports for 1921, appeared in the June, 1924, issue of the SURVEY (NO. 34), p. 51, and data for 1924 and 1925 in the May, 1926, issue (No. 57), p. 28. Owing to the addition
of
Louisiana
figuresand the exclusion of estimates for Indiana, the totals presented here do not agree with those previously published.
http://fraser.stlouisfed.org/
7
Six months' average, July-December, inclusive.
Federal Reserve Bank of St. Louis
54
Table 31.—OTHER PETROLEUM PRODUCTS
LUBRICATING OIL
GAS AND FUEL OILS
Consumption
YEAR AND MONTH
Production i
By
vessels 2
By
By
electric railpower3 roads 4
plants
Stocks
at refineries,
end of ]
month
Dolls,
per bbl.
Thousands of barrels
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av_ _
1917 monthly av_.._
Price,
Okla.,
34-26
at refineries s
Production i
714,806
1,239
1,496
2,831
3,107
13,071
18, 533
16,378
27, 736
31,625
1.885
1.120
2.622
.687
.951
1,670
1,680
2,078
1,741
1,942
1,224
1,386
• 854
783
3,928
4,165
4,112
4,094
32, 610
37, 675
24,480
23, 786
.929
.959
1.099
1.294
.978
3,746
3,232
3,402
4,060
1,027
729
715
639
4,266
3,708
4,038
3,876
23, 266
21,445
20,037
19, 788
30,380
29,130
31,461
31,154
3,729
4,038
3,940
4,126
607
625
704
761
3,943
3,764
4,062
4,075
September
October
November
December.,.--
30,698
32,444
31,624
33,376
4,040
4,330
3,952
4,065
916
914
959
803
1937
January _
February .
March
April
32, 936
30,185
32, 377
31,856
3,940
3,579
3,874
4,204
33,499
31,691
33, 693
34,098
32, 339
34,045
32, 594
III
3
1
in
o *- fl.
a
3
J8£§
Us
Til
in
Dolls,
per gal.
Stocks,
refineries,
end of
month
Production
Thous. of short tons
Thous. of pounds
7 78
1,152
1,133
1,229
1,004
1,294
3,425
3,825
3,267
5,552
5,492
51
75
108
101
158
91
97
74
113
134
10
9
11
11
10
47
50
48
51
59
17
37
23
62
58
42,095
38,936
45,100
36, 240
38, 500
172,976
241, 895
181,567
240,072
223, 741
2,177
2,292
2,588
2,691
1,438
1,510
1,715
1,881
5,659
6,230
6,879
7,481
$0. 224
.289
.285
9.264
.251
194
212
223
244
129
123
145
195
12
13
10
12
56
64
83
83
24
60
191
254
38,887
43,041
49, 215
53,818
178,060
109,465
106, 409
152,473
1.250
1.181
1.210
1.381
2,648
2,448
2,646
2,692
1,632
1,294
2,180
2,039
7,544
7,910
7,640
7,368
.290
.275
.269
.258
162
152
211
199
175
182
195
240
8
6
10
74
64
81
76
231
210
220
216
53,015
50,307
55, 714
55, 371
122, 773
123,964
130, 341
136,084
20, 858
22, 554
25,696
26,500
1.335
1.225
1.231
1.355
2,863
2,681
2,831
2,648
1,869
2,042
2,072
2,092
7,656
7,314
7,328
7,226
.250
.265
.264
248
301
281
306
230
201
185
200
5
11
14
16
80
81
83
89
231
247
261
278
56,135
50,673
54, 267
54,441
149,396
155,254
156, 704
165,065
4,205
4,538
4,279
4,371
27,151
26,376
26,859
24,898
1.425
1.356
1.305
1.275
2,645
2,768
2,724
2,699
2,023
1,777
1,721
1,827
7,149
7,437
7,620
7,576
.262
.260
.255
.254
309
323
216
214
189
188
167
193
23
12
14
16
95
88
91
93
288
287
286
291
49, 228
56,011
54, 678
55,975
159, 779
167, 925
177,054
185, 331
821
670
638
549
4,283
3,719
4,181
3,920
23,195
22,099
22, 561
23,732
1.255
1.250
1.219
1.063
2,570
2,345
2,754
2,615
1,496
1,231
2,334
1,712
7,867
8,361
8,035
8,176
.255
.255
.250
.254
191
173
222
274
215
234
235
220
19
14
15
8
93
88
98
88
287
295
326
319
54,114
47,363
53,644
48,917
192,835
198,452
201, 340
211,019
4,250
4,244
4,077
4,470
487
475
474
500
3,948
3,732
3,756
3,921
26,059
26, 590
28,890
30,346
.925
.906
.900
.870
2,625
2,571
2,672
2,752
1,928
2,197
1,811
2,004
8,011
7,628
7,496
7,491
.251
.253
.250
.251
319
347
335
340
223
232
214
192
8
24
10
12
88
95
90
95
329
293
306
304
46,267
44, 938
47,979
41, 576
207, 329
198,808
191, 501
180,645
4,436
4,594
4,080
501
505
508
4,145
4,652
4,123
31,631
33,191
33, 637
.850
.865
.838
.800
2,782
2,757
1,965
1,782
1,739
7,447
7,584
7,524
.255
.253
.245
.245
333
333
290
176
189
196
14
14
9
98
102
102
314
331
349
47,888
49,476
48,146
170,172
170, 367
171, 700
14,527
15,134
17, 582
19,174
21,243
550
1,169
2,192
2,256
2,641
7 865
1,094
1,004
1,100
1923 monthly av...
1924 monthly av...
1925 monthly av...
1926 monthly av...
1927 monthly av. _
23,957
26, 706
30,416
30,433
3,137
3,611
3,569
3,888
1926
January __
February
March
_ _
April
28,981
27,094
29,824
29,029
May
June
July
August
_
__
i*
d
|
60
62
1918 monthly av___
1919 monthly av. .
1920 monthly av. .
1921 monthly av...
1922 monthly av...
September
October
November
December
WAX*
7 2,917
9,254
12,923
May
COKEi
18
12
12
12
16
7
217
297
461
492
June
July _..
August
Price,
Stocks cylinConat re- der,
sump- fineries, 600D
tion i end of tank
month i cars,
Pa.5
Thousands of barrels
$0. 902
.663
.513
.871
1.525
ASPHALT
2,477
8 833
(10)
7
34
45
7 11
32,182
40,100
6
108,402
1938
January. _
February
March
April
May
June
i Compiled by the U. S. Department of Commerce, Bureau of Mines, representing practically complete data for the refineries prior to January, 1925, but since then gas and
oil stocks cover only stocks of east California. The consumption data for gas and fuel oils and lubricating oil are calculated from production, exports, and changes in
stocks. For lubricating oil stocks, data include marketers' stocks beginning with June, 1923, while consumption since that time takes account of this change in stocks.
Figures
on asphalt, coke, and wax relate only to the by-products of petroleum.
2
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering loading of vessels for foreign trade at principal clearing ports
Monthly data covering the period 1913-1923 appeared in the October, 1923, issue (No. 26), p. 61.
3 Compiled by the U. S. Department of the Interior, U. S. Geological Survey, representing consumption by ail 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,
issue4 (No. 43), p. 28.
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 from 1921 appeared in January, 1926, issue (No. 53), p. 23.
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing average of weekly prices. Lubricating oil covers quotations of cylinder oil, Pennsylvania,
600D; filtered in tank cars at refinery, and monthly data from 1923 may be found in the November, 1927, issue (No. 75), p. 27.
6
Compiled by the U. 8. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing imports of foreign native asphalt. Imports have been
reduced
from original data in long tons.
7
Six months' average, July to December, inclusive.
8
http://fraser.stlouisfed.org/
Five months' average, August to December, inclusive.
fi
months' average, July omitted.
Federal Reserve Bank ofEleven
St. Louis
55
Table 32.—CRUDE AND SCRAP RUBBER
RECLAIMED
RUBBER
(quarterly)1
CRUDE RUBBER
Consumption i
ImWorld ports 3 (quarterly)
ship(inments cluding
For
(2)
latex) Total tires
YEAR AND
MONTH
Domestic stocks,
end of
quarter l
Total
World stocks, end of month i
Manu- DealAfloat
facers
turers
Total
Producing
countries
European United Plantation,
coun- States afloat
tries
24,663
31,800
34,398
35,101
43,006
51, 232
15,449
25,090
25, 757
27,450
33,103
34, 433
35,521
38, 572
63,546
68, 739
75,445
88, 468
82,436
31, 280
51,801
55,238
62,916
74, 247
70, 414
83,994
85, 935
85,450
59,458
45, 960
61, 301
65,982
66,885
46,829
87, 467
50,704
19, 953
18, 565
12, 629
8,493
10, 597
1925
September _._
October __
November
December.. _
44, 496
46, 830
50 327
51,169
26, 367
34, 651
37 755
40, 329
91, 534
78, 552
33,131
28,185
4,946
50, 480
78,926
65,084
48, 436
39,298
9,138
49,800
1926
January
February
March
_
April
49, 306
48,057
55, 271
39, 946
42,404
32, 865
42,152
34, 544
May
June
July
August
50, 534
47, 800
47,310
53,079
29,759
24,901
35,821
27,399
SeptemberOctober
November. __
December. _-
55,363
58,401
52,325
57, 386
37,112
29,334
39,155
37, 754
1927
January- -February
March
April
56, 559
44, 639
64,131
44, 751
43, 340
28, 337
35, 515
46, 202
May
June
July
August
48, 748
49,459
41,938
50, 535
36, 518
33,045
37, 677
32,810
September... 48,186
October
50,370
November. 47,454
December..
33, 301
30,184
38, 592
30 736
86, 757
80,140
29,
39,
33,
40,
48,
43,
671
523
589
026
811
565
58,191
48,301
9,890
43,204
68, 542 59, 254
50, 610
8,644
40, 713
73,081
HI
ConSt'ks, Stocks sumpPro- end
of
tion
at
reduc- quar- claim- by
retion
ter
claimers
ers
Dolls,
perlb.
Long tons
1921 mo. av
1922 mo. av.
1923 mo. av__
1924 mo. av._
1925mo.av__
1926 mo. av__
1927 mo. av
Pi
86,290
75,142
58, 883
45,121
13,762
39,815
76, 555
64,891
68,876
58,785
10,091
50,529
91, 279
78,577
82,233
68,105
14,128
45, 384
94,983
82, 648
84,811
71, 776
13,035
45,169
82,073
69,369
90,861
72,589
17,872
36, 006
6
131,770
135, 983
184, 309
6
25,329
11,473
22, 781
66,441
17,882
29,415
46,972
47,902
61, 974
93, 394
31,038 $0.182
42, 284
.183
46,973
.249
49,654
.211
58, 726
.568
70,139
.382
.268
123, 687
119,941
136, 305
147, 572
17,
16,
20,
19,
592
264
595
859
6,508
6,022
4,725
6,508
36, 367
34,085
43, 885
51,215
63,220
63,570
67,100
69,990
.590
.773
.853
.764
152,
153,
170,
158,
737
558
684
551
17, 746
15,115
20, 536
18,097
11, 293
11, 208
14, 726
20,863
55,198
58, 035
61,822
55,261
68,500
69,200
73,600
64,330
.605
.526
.448
.395
168, 807
179, 619
189, 729
191, 372
18, 879
21, 356
24,915
25, 320
22, 515
26,203
30, 218
33,081
63,913
60,460
64,896
60,871
63,500
71,600
69,700
72,100
.383
.344
.335
.337
195,321
209, 566
211,353
230,395
27, 691
28,144
27,460
28,113
38,152
45,093
47,152
52,473
62, 078
64,989
63,641
72,509
67,400
71,340
73,100
77,300
.340
.333
.286
.256
237,425
248, 740
256, 689
263,362
27, 224
28, 611
29, 515
26,176
58,329
62,443
67, 044
71, 229
76,172
91,186
85,740
92, 757
75,700
66,500
74,390
73,200
.268
.261
.286
.274
258,300
247, 555
249,995
255, 684
26,475
23, 730
24,500
27,427
71, 562
68,274
68,226
69,109
94, 563
89, 251
98, 469
96,148
65,700
66,300
58,800
63,000
.300
.278
.255
.243
260,799
27,822
72,748
97,829
97,453
101. 034
100,031
62,400
64,700
62,300
.230
.249
.273
.294
SCRAP
RUBBER
(quarterly)1
Long tons
8,539
13,447
17, 384
19,018 8,217
30,906 8,662
41,986 14, 969
37,496
61,963
72, 096
11, 509
17, 211
22,002
26, 415
39, 770
54,074
31,909
7,762
74,809
40, 780
38,840
8,827
86,846
50, 256
44,092 13,377
85, 593
52,437
38,841 14, 581
69,914
53,382
40,020 13, 758
66,908
52,068
44,989 18,160
65,969
58,410
45,547 21,508
62, 807
58,303
41,197 19, 287
58,331
52,059
39,449 17,812
55,547
50,495
1928
January
Februarv...
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 stockfiguresare shown as of
the end
of the quarterly period indicated, and annual averages in these columns are of quarterly, not monthly, data.
2
Compiled by the World's Rubber Position, a British publication. Details of shipments by countries are given in the publication, as well as amounts retained by the
principal
importing countries.
3
Imports of rubber, including latex, into the United States compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
* Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, from basic data on producing countries (Para, Singapore, and Penang) and
on European countries (London, Liverpool, Amsterdam and Antwerp) supplied by the Rubber Growers Association (British), on domestic stocks supplied by the Rubber
Association of America and prorated from 95 to 100 per cent, and on stocks of plantation rubber afloat from the World's Rubber Position.
s 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.
« Seven months' average, June to December, inclusive.
56
Table 33.--TIRES AND RUBBER-PROOFED FABRICS
AUTOMOBILE TIRES i
Pneumatic tires
YEAR AND MONTH
o
*
s
*o
jgS
J°
•d
so
s
1
Solid tires and
cushions
Inner tubes
Shipments
d
1 1 p
RUBBER-PROOFED FABRICS 2
Shipments
s
a
©
X
Raw material
consumed
Shipments
.2
=
|
DC
1
1
o
pfi
s
d
PS
Sri
0
*©
0
1
O
1
42
•5
T h o u s a n d s of
pounds
Thousands
Production
Xi
"©
<
|
It
it
i? n
Per
cent
Thousands of yards
1,821
2,573
2,843
3,234
3,811
3,848
4,321
4,896
5,666
5,426
5,920
8,158
1,905
2,436
2,697
3,048
3,604
3,600
43
81
89
91
116
93
2,261
3,189
3,768
4,424
5,171
4,793
4,632
6,081
7,354
7,490
8,318
13,110
2,292
3,055
3,630
4,174
4,964
4,411
29
58
71
84
105
65
36
66
59
58
65
48
232
195
254
198
170
188
44
57
57
52
62
42
2
4
5
4
7
5
6,696
9, 257
9,861
11,868
14,025
13,830
17, 922
27, 301
30, 601
37,821
46,033
43,170
1,528
456 ! 756
799
2,026
696
2,648 1,317
640
927
2,085
526 3 652 4 886
577
657
765
1,999
770
517
705
697 1,230
2,444
3, 548
4,099
4,014
7,475
8,390
9,022
9,363
2,142
2,500
3,335
3,642
94
82
91
99
5,110
5,123
5,275
4,918
10, 781
12, 829
14,360
15, 518
2,728
2,750
3,672
3, 727
67
54
70
53
60
61
59
51
174
199
222
218
30
26
33
47
6
5
5
6
13,198
13, 251
14,198
13, 930
44, 528
43,161
45,497
33,802
1, 395
1,459
2,102
1,579
596
719
983
656
373
3S9
671
523
737
834
589
623
33.2
27.7
37.1
33.0
June
July
August
3,771
4,072
3,718
4,411
9,271
8,989
7,956
7,311
3,829
4,208
4,683
4,973
86
91
76
91
4,615
4,633
4,301
5,572
15,866
15,194
12, 961
11,709
4,654
5,097
6,381
7,114
78
80
48
74
45
43
35
44
214
215
181
181
44
45
45
53
4
5
3
4
13, 279
14,021
14,050
16,140
40, 953
42,914
42,189
49,841
659
646
1,730
778
2,445 1,099
999
954
2,458
913 1,533
2,940
426
568
505
493
614
836
746
708
32.7
54.6
49.7
45.4
September
October
November
December
4,286
3,833
3,250
3,520
7,001
7,454
7,810
7,856
4,452
3,318
2,708
3,413
84
89
98
132
5,698
4,665
3,644
3,961
11,497
11,970
12,469
12,165
5,755
4,046
2,984
4,027
69
61
54
74
44
45
45
46
168
159
158
168
52
51
38
34
4
5
7
7
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
507
589
698
466
586
773
722
696
40.0
47.3
38. 4
37.8
1927
January
February
March
April
3,731
3,834
4,727
4,742
7,839
8,298
8,705
9,113
3,534
3,204
4,094
4,118
172
151
199
171
4,007
3,724
5,395
5,536
11,704
12, 595
12,839
13.371
4,428
3,763
4,534
4,669
89
80
90
105
44
46
57
64
166
163
159
162
36
40
54
54
7
8
8
5
14,358
13, 609
16, 651
17,238
44,078
45,037
50, 614
51,333
1,916
2,084
2,427
2,319
784
718
881
718
978 1,190
820 1,498
957
414
485 1,005
851
588
805
482
35.7
51.0
61.3
41.4
4,629
4,678
3,835
4,334
9,370
9,369
8,522
8,070
4,069
4,487
4,316
4,666
186
222
180
144
5,060
4,742
3,971
4,871
13,813
13,419
12,028
11,023
4,501
5,024
5,205
5,898
109
108
104
96
65
62
48
49
178
186
180
183
45
50
43
45
4
6
5
5
16,029
17,443
14,010
16,323
47, 270
48, 778
41,209
45, 706
2,175
1,865
2,160
2,475
955
768
712
802
1,206
1,573
2,047
2,723
481
435
571
552
740
654
832
876
59.9
30.5
3,638
3,603
3,394
7,325
7,287
7,635
4,168
3,484
3,100
136
133
145
4,247
3,809
3,593
10,162
10,187
10,216
4,973
3,685
3,463
103
93
88
36
34
32
173
162
161
42
40
32
4
4
3
13,998
13, 549
12,822
37,341
37,130
33,845
^,607
2,707
2,346
756 3,123
819 3,179
691 2,489
666
636
955
827
28.7
31.2
1921 monthly av
1922 monthly av
1923 monthly av
1924 -monthly av
1925 monthly av
1926 monthly av
1097 monthlv av
1926
January
February
March
April
- 3,657
May
May
June
July
August
September
October
November
December
426
351
449
400
..
4
25.1
41.7
39.7
!
1928
January
February
March
April
May
June
_ _
li
1 Compiled by the Rubber Association of America, representing reports from 75 per cent of the industry on pneumatic casings in 1923 and 78 per cent in 1925, according
to the census of manufactures; 79 per cent and 80 per cent, respectively, on inner tubes and 76 per cent in both years on solid tires. Prior to September, 1921, when an
important manufacturer dropped out, a larger percentage of the industry was covered, the 1921 totals representing 80 per cent of the casings output reported by the census
of manufactures and 85 per cent of the output of inner tubes. Crude-rubber consumption in 1925 represented 73 per cent of that reported by the census of manufactures
in that year for manufacturers of rubber tires. Export shipments in 1925 represented 85 per cent of the total official exports for both casings and inner tubes and 72 per cent
for solid tires. In 1923 the proportions were slightly smaller in each case. The number of reporting firms increased from 36 in November, 1920, to a maximum of 66 in 1922,
while from 1923 to the early part of 1925 the number ranged between 50 and 60, in the latter part of 1925 between 45 and 50, and in 1926 and 1927 between 40 and 45. The
decrease in number of firms is stated to be due largely to cessation of business on nominal production. Data comprise all kinds of tires, including millimeter sizes. Stocks
represent domestic tires in factory and in transit to or at warehouses, branches, or in possession of dealers on consignment basis, i. e., all tires still owned by manufacturers
as a domestic stock. Shipments include only tires forwarded to purchasers and not those forwarded to warehouses, branches, or on a consignment basis. Solid and cushion
tires include plain-tread solid tires, the nonskid-tread type termed "cushion" by some manufacturers and also hollow-center or cellular-construction tires of both the
pressed-on and demountable types. Details by kind, type, and size are given in the association's reports, as well as distribution of domestic shipments between original
equipment and other sales, of fabric consumption as between kind of material and of casings and of rubber consumption as between kind of tires. Monthly data from
January,
1922, appeared in the June, 1927, issue (No. 70), p. 21.
2
Compiled by the Rubber Association of America from reports of from 3 to 8 companies on automobile fabrics each month, representing 48 per cent of the production of
automobile fabrics in 1923 and 31 per cent in 1925, according to the Census of Manufactures, and from 10 to 14 manufacturers of other fabrics representing 62 per cent of other
fabrics in 1925. Total fabrics reported by these manufacturers represented 62 per cent of all rubberized fabrics in 1923 and 47 per cent in 1925. Raincoat fabrics include
both single and double texture fabrics, while all other fabrics include hospital and sanitary sheetings, shoe proofings, cretonne and percale apron materials and sundries and
miscellaneous proofings, for which details are presented in the association's reports. The report on automobile fabrics also gives details by kind and by purposes of shipment.
New orders for automobile fabrics are those specified for delivery within 90 days. The relation of production (actually shipments, which are considered simultaneous to production) of automobile fabrics to capacity is based on the factor which fixes maximum capacity, based on 24-hour operation, for each plant, whether it is capacity of heaters,
spreaders, calendars, etc.
3 Four months' average, September to December, inclusive.
http://fraser.stlouisfed.org/
* Nine months' average, April to December, inclusive.
Federal Reserve Bank of St. Louis
57
Table 34.—OTHER RUBBER PRODUCTS
RUBBER HEELS 1
Shipments
YEAR AND MONTH
Production
To shoe
manufacturers
Stocks,
end of
To
For
exmonth
repair port
trade
Production
RUBBER SOLES 1
MECHANICAL RUBBER
GOODS 2
Shipments
Shipments
Stocks,
end of
To
For month
To shoe repair
exmfrs. trade port
Total
Thousands of pairs
4,172
4,751
5,727
5,614
4 719
770
33,962
33,110
40, 569
48, 590
12, 251
12, 338
10, 282
15,030
5,764
7,137
5,987
6,519
634
1,067
549
1,083
16, 574
16, 709
17, 635
15, 097
10, 510
8,745
9,111
6,157
4,448
2,781
3,884
3,282
May
June
July—.
August-
11, 367
12, 769
11,109
14,490
7,541
8,651
9,607
September..
October.. _.
November..
December..
16, 349
18, 513
16, 759
15,941
January..
February.
March
April
13, 660
12, 733
13, 640
14,169
May
June
July—
August.
16,133
16, 341
15,907
18, 363
9, 598
10, 624
September..
October
November..
December..
18, 452
21,151
10, 546
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average.
average,
average.
average..
average.
15, 243
15, 523
17, 248
15, 276
9,889
10,412
10, 765
19, 471
21,853
17, 233
20, 855
January...
February..
March
April
4
Belting
Hose
All
other 3
Thousands of dollars
2, 584
3,129
$4,051
5,406
6,399
$1, 084
1,525
1,710
$1, 731
2,069
2,422
$1, 236
1,812
2,267
2,371
2,841
2,735
2,731
5,720
6,480
5,165
6,906
1,641
1,815
1,414
1,823
1,966
2,222
1,878
2,722
2,113
2,444
1,874
2,361
2,875
3,544
3,443
3,474
6,358
6,072
7,819
6,641
1,667
1,452
1,963
1,668
2,664
2,498
3,223
2,713
2,027
2,122
2, 633
2,259
63
121
3,293
3,173
3,085
3,073
6,958
6,065
6,493
1,646
1,980
1,854
1,937
2,761
2, 597
2,069
2,159
2,312
2,382
2,143
2,397
1,129
1,146
1,078
825
127
342
285
146
2,940
2,762
2,902
2,979
6,360
5,955
5,536
5,814
1,828
1,662
1,455
1,406
2,073
2,085
1,999
2,223
2,459
2,208
2,083
2,184
1,475
880
1,661
1,726
749
621
1,221
1,122
152
132
490
532
216
18
26
53
3,247
3,309
4,802
4,113
5,327
5,678
7,161
5,823
1,263
1,370
1,714
1,459
2,351
2,447
2,970
2,370
1,713
1,861
2,477
1,995
1,779
2,247
2,128
2,333
1,275
1,918
1,356
1,768
572
583
593
19
42
177
119
3,853
3,757
3,564
3,170
5,726
6,018
5,477
5,863
1,350
1,609
1,622
1,778
2,437
2,348
2,011
1,934
1,939
2,061
1,845
3,712
2,634
3,697
1,390
2,169
27
46
3,068
3,899
5,467
5,244
4,941
1,497
1,368
1,175
1,963
1,837
1,840
2,007
2,039
2,925
1,940
1,021
* 1, 603
799
35, 512
38, 675
37, 611
37,425
2,449
3,102
2,470
2,482
1,945
2,088
1,889
2,083
737
600
873
709
39,133
44, 074
52,179
56, 681
1,608
1,103
737
563
1,126
538
565
501
4,002
5,902
6,370
7,911
605
823
700
564
58, 326
56, 701
51, 699
49, 593
504
617
719
1,019
552
651
670
807
9,785
9,777
9,091
10, 992
9,429
9,556
6,377
3,421
784
875
766
1,206
45, 483
44,105
42,199
42,907
1,258
1,363
1,489
1,273
6,652
7,906
4,013
4,062
6,367
6,507
793
1,113
772
768
46, 355
48, 010
47, 822
47, 869
47, 516
45, 453
41, 056
4
146
15
35
4
1925
September..
October
November..
December..
506
637
254
1926
165
115
150
1927
1928
January...
FebruaryMarch
April
May.
June..
7,128
7,016
9,303
6,936
8,170
9,305
838
949
908
722
913
39, 723
58
Table 35.—HIDES AND SKINS
INSPECTED SLAUGHTER i
Cat- Calves Swine Sheep Cattle
tle
Thousands of animals
>»
Swine
Sheep
Total
hides
and
skins
Calfskins
« 6,815 s 19,160
6,372
18,629
5,576 25,671
4,076
34, 053
5,221
33, 683
2,465 30,890
632 18,421
5,380 33, 940
Cattle
hides
Calf Sheep
and
and
kip Iamb
skins skins
5,289
5,684
5,495
6,257
8,461
6,999
4,372
7,086
22, 922
15, 015
27, 035
24,315
15,468
13, 889
12,480
19, 680
6,684
5,260
6, 745
7,152
4,353
6,807
7,293
6,775
6,896
3,822
5,136
6,353
4,843
5,127
4,942
4,776
6 435,477
430,897
355,025
357,392
267, 533
270, 370
284,318
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,
37,
41,
43,
603
959
767
483
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
265,932
222, 234
222, 556
221, 880
210, 772
41,
40,
40,
36,
29, 923
20, 791
20,396
17,005
26,110
24, 553
34, 546
33, 234
2,296
2,963
3,319
2,809
12, 357
10, 534
16,228
15,148
5,791
6,055
8,640
8,195
3,763
3,763
4,454
5,113
260,
244,
234,
220,
210,
195,
186,
170,
32,
31,
31,
31,
212, 835
214, 616
148, 586
161,474
13, 790
21,058
33,031
59, 505
37,105
42,372
37,299
55, 397
3,598
4,516
4,025
5,544
16,699
20,223
20, 506
33,495
8,267
7,507
5,770
6,973
6,393
6,801
4,654
6,245
230, 924
226,274
232,103
239,049
173, 696
208,308
248, 367
253,643
89,020
137,970
132,617
42,951
43,665
36,356
37,328
38,151
4,545
3,699
3,717
3,177
25,383
21, 561
20,634
23,391
6,485
5,700
6,585
5,326
4,510
3,195
4,676
3,740
243,326
248,187
249,673
2,850
2,711
3,198
3,590
2,826
3,435
3,484
1,201
1,186
1,018
995
779
860
1,058
45,427
42,595
44, 209
53, 779
60, 558
73,491
78,918
138, 721
187, 952
218,038
193, 290
173, 626
189,303
194,323
41,659
37,802
33,171
34,615
28, 613
31,505
51,122
42,854
41,490
46,350
53, 856
60, 526
52, 589
30,158
62, 070
1920 m. a.__
1921 m. a...
1922 m. a._.
1923 m. a._.
1924 m. a.._
1925 m. a...
1926 m. a...
1927 m. a.._
717
634
723
764
799
821
848
793
338
317
349
375
411
446
429
407
3,168
3,249
3,593
4,445
4,406
3,587
3,386
3,636
915
1,084
911
961
999
1,000
1,080
1,074
69,308
59, 609
69,308
67, 679
74,968
81, 318
91,452
95, 669
148, 770
136,366
160,601
188, 033
242,804
220,144
207, 619
211,695
55,230
53, 913
49, 700
41,645
42, 520
40, 892
45, 481
51, 505
42,499
29, 003
45, 938
44, 315
29, 723
30,173
30, 704
37,176
2,928
3,995
4,630
4,058
3,426
2,396
3,764
3,684
1926
May
June
July
Aug
788
852
864
811
455
480
426
379
3,131
3,429
3,127
2,834
959
1,081
1,042
1,093
100, 093
100, 021
87,244
92, 541
203,458
182,057
164, 310
164, 518
11, 391
19, 037
30, 373
51,052
31, 497
35, 623
33, 299
32, 359
Sept
Oct
Nov___
Dec
971
998
947
887
408
446
435
410
2,616
2,976
3,610
4,394
1,224
1,167
1,039
1,172
100,990
110,746
124,499
89, 320
189, 275
216, 762
263, 527
254,489
74, 702
113, 389
119,940
46, 201
1927
Jan
Feb
Mar
Apr
786
700
761
742
397
377
457
454
4, 514 1,115
3,395 1,006
3,837 1,027
3,330
960
69,456
60,098
81,890
98, 759
255,469
219, 752
233,925
209, 671
May
June
July..
Aug
785
799
743
838
462
430
355
389
3,766
4,253
3,431
3,050
992
1,058
1,014
1,168
114, 484
98, 375
89,059
108,610
828
895
881
761
357
413
411
376
2,534
2,969
3,688
4,869
1,185
1,194
1,070
1,094
98,306
117,252
132,344
79,399
PI IS§2
1;
Dolls, per
pound
8,199
7,473
6,321
6,607
8,686
7,409
5,197
11,138
160
141
152
197
262
288
331
.__
Total
hides
and
skins
Thousands of pounds
582
563
596
692
863
986
841
Sept
Oct
Nov
Dec
Cattle Goat- Sheephides skins skins
Number of animals
1909-13 m.a.
1913 m. a...
1914 m. a.-_
1915 m. a...
1916 m. a._
1917 m. a __
1918 m. a__1919 m. a.__
_
WHOLESALE
PRICES *
Canada
United States
YEAR AND
MONTH
STOCKS, END OF MONTH 3
IMPORTS 2
0.184 0.189
.196 .210
.242 .215
.262 .338
.327 .406
.301 .371
.393 .685
214
323
094
679
8 340, 339 6 63,139 6 32,916
339, 548 58,414 32,935
275, 293 52,281 27,452
288, 589 46,485 22, 319
222, 046 29,878 15,601
220, 282 33, 218 16,870
229, 340 37, 319 17, 659
.312
.139
.181
.166
.147
.160
.141
.195
.368
.149
.160
.157
.184
.202
.174
.197
15,106
17, 719
18, 667
20, 257
.129
.133
.142
.149
.168
.167
.172
.178
561
735
747
384
20,
19,
18,
18,
531
645
993
776
.152
.161
.153
.151
.178
.178
.168
.167
368
897
435
638
17, 318
16, 945
16, 229
18, 309
.155
.145
.140
.152
.169
.158
.152
.160
174, 407
169,671
172,008
180,700
35, 532
35, 247
38,441
36,321
20, 985
21,356
21,654
22,028
.168
.195
.219
.215
.177
.201
.226
.212
188, 797
200,220
203,146
33,024
27,942
26, 973
21, 506
20, 025
19,554
.224
.233
.242
.250
.210
.218
.228
.250
528
481
430
732
1928
Jan
Feb
Mar
Apr
May
June
1 Data for the United States compiled by the U. S. Department of Agriculture, Bureau of Animal Industry, representing animals slaughtered under Federal inspection,
which according to the 1919 census amounted to 68 per cent of all hogs slaughtered in that year, 82 per cent of cattle and calves, and 91 per cent of sheep and lambs. The
data in number of animals are given here as indications of hide output. Monthly data from 1909 appeared in the August, 1927, issue (No. 72), p . 138. Data for Canada
compiled by Dominion Bureau of Statistics, and cover all slaughter under Canadian inspection. Monthly data on Canadian slaughter from 1913 appeared in the February,
1927,2 issue (No. 66), p. 23.
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3 Compiled by the U. S. Department of Commerce, Bureau of the Census, from returns from packers, tanners, dealers, importers, and manufacturers, and represent
practically complete returns from the leather industry. As given in the detailed monthly reports, which can be obtained upon request from the Bureau of the Census, the
returns for hides and skins are expressed in numbers of hides and skins. For the above summary these have been reduced to pounds on the basis of the average weights
of each class. The detailed reports also show the various kinds of skins held and where located as between tanners, dealers, etc.
* Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices.
8 Four-year monthly average, 1910-1913.
6 Four months' average, September to December, inclusive.
59
Table 36.—LEATHER
SOLE AND BELTING LEATHER
YEAR AND
MONTH
*a
Stocks, end of
month 2
Production 2
Exports 3
Sole
only i
In
process
Total
Finished
til
Stocks, end of
month 2
Production 2
In
process
Dols.
Backs,
bends, a n d
sides
T h o u s a n d s of p o u n d s
Finished
1
Exports 3
Total
Cattle,
calf, Patent
goat
fj.
El
£f
1,653,073
1,876,285
1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927mo. av .__
1, 535, 290 e 23, 742 6114,810 6161,573
1,499, 225
25, 657 111, 217 193, 528
1,477, 886
24, 557 100, 679 186,434
1, 561, 015
27,411 107,144 171, 631
1, 220.402
88,429 149, 508
21, 665
1, 239, 887
87,081 126, 856
22,431
1,134, 601
80,148
21, 859
95, 006
1,319,612
1,758
1,198
1,300
1,459
1,877
1,616
1,127
819
.86
.55
.52
.51
.45
.48
.44
.49
1936
January
February
March.
April
1, 057, 351
998, 305
1,113, 393
1,105, 923
20, 096
19, 568
21, 644
21,492
75, 779
78,106
79, 022
79, 585
115, 615
110, 829
106,182
103, 843
1,075
1,131
1,398
1,325
.46
.46
.46
.46
67,425
65, 309
73, 903
68, 675
155, 660
159,474
156,956
155,454
May
June__. .
July-..
August
1,059,
1,179,
1,114,
1,182,
346
637
708
563
20,
22,
21,
22,
78,
79,
79,
80,
971
337
601
313
102, 557
99, 835
95, 990
90, 660
1,102
1,486
1,320
1,152
.45
.43
.41
.41
62, 807
82, 022
64, 678
67, 313
September
October
November
December
1,152,
1, 225,
1,170,
1, 256,
356
524
058
047
21,978
23, 681
22, 748
24,199
81, 721
82, 261
82, 371
84, 713
85, 819
80,491
76, 397
71, 855
1,180
879
635
839
.43
.43
.43
.43
1927
January
February
March
April .
1,170,407
1, 221,429
1,411,019
1, 396, 514
23, 235
23,944
26,819
25, 897
85, 718
89, 060
91, 056
90, 794
67, 806
66, 340
66, 235
65, 608
712
1,039
1,150
846
May
June
July
August
1, 377, 718
1,351, 655
1, 355,855
1, 392, 625
25, 842
25,034
25, 576
26,040
90, 395
91,441
88, 489
84, 753
66, 298
66, 315
66,746
63, 571
September
October.
November
December
1,336,800
1, 325, 456
1,246, 045
1,249,822
24,447
24, 230
22,704
81,015
79,600
79, 669
61, 355
60, 811
59,163
2,605 $0.44
4,319
.47
6, 751
.50
7,540
.64
3,657
83
2,229
.80
10, 222
.91
8,845
6,834
8,967
10, 623
6 175
3,908
17, 023
6 42,344 6142,136 6400,906
57,986 164, 216 423, 021
72, 963 166, 770 428,169
78, 019 158, 852 387, 376
64,118 133, 758 358,168
63,407 140, 367 305, 637
69, 681 152, 301 292,108
SKIVERS i
Unfilled
ProStuffed orders,
end of duction
month
Dols.
per
sq. ft.
Thousands of square feet
1913 mo. av
1914 mo. av
1915 mo. av
1916 mo av
1917 mo. av
1918 mo. va
1919 mo. av
229
922
440
308
HARNESS
LEATHERi
UPPER LEATHER
Dozens
Sides
$0.27
.28
.29
45
58
.60
.97
3 203,596
95, 244
96, 974
56, 266
104, 976
135, 621
104,121
103, 650
100, 349
82, 555
8 24, 942
120, 898
158, 479
141, 550
152, 017
163, 027
172,848
« 16,039
15,032
13,274
16, 653
24,642
38,462
33, 693
32, 666
22,143
10,416
9,228
11, 264
11,392
11, 739
12, 321
7,304
3,559
6,744
6,187
6,982
7,769
8,591
8,668
7 1, 752
1,643
3,048
2,514
3,616
3,082
2,572
2,953
624
527
666
541
683
701
.99
.52
.44
.44
.45
.47
.45
.49
298,189
299,413
303, 863
306, 572
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,
105,
114,
109,
352
814
678
905
114,
96,
76,
76,
530
569
992
224
24,268
21, 750
25, 338
22,390
153, 500
141, 693
151, 389
155,178
306,
300,
295,
289,
664
834
074
218
11, 627
11, 048
10, 953
9,937
8,501
7,987
8,181
7,576
2,393
2,294
2,023
1,534
733
767
749
827
.45
.45
.45
.45
99, 463
100, 097
93, 896
100, 217
103,
236,
240,
232,
212
130
002
545
21, 781
20,329
18,126
19, 221
69,090
71, 678
67, 979
75,297
151, 905
147,457
149, 048
149, 900
278,
274,
277,
274,
719
918
072
762
11, 348
11, 750
12, 258
12, 790
8,666
8,787
7,941
9,143
2,377
3,126
3,482
3,040
707
708
835
607
.45
.45
.45
.45
98,
100,
88,
80,
098
085
777
801
223,
207,
188,
160,
165
921
261
767
23, 488
24,738
26, 502
17,784
.43
.43
.43
.43
71,974
68, 506
68, 747
59, 753
158, 946
151, 364
150, 325
145,298
272,897
274,197
277,143
274,983
12,
11,
12,
13,
663
636
293
388
8, 875
8,882
9,250
9,786
3,144
2,257
2,404
2,896
644
497
639
706
.45
.45
.46
.46
63,957
63, 724
71,184
80, 464
143,
126,
99,
128,
912
087
905
446
19, 781
20,417
27,405
22,966
521
819
820
753
.45
.49
.51
.53
60,197
69, 866
60, 224
72, 095
144, 257
142,181
150,216
148,821
267, 949
251,871
248, 819
245, 995
11,151
11, 081
11, 755
10, 576
8,167
7,932
7,702
7,375
2,525
2,555
3,191
2,322
459
594
862
879
.48
.48
.51
.51
81, 719
81,340
91,819
94, 541
238, 983
217,119
205, 480
196, 326
23, 985
25, 349
22, 337
26, 296
730
800
719
924
.53
.55
.55
.59
69, 399
70,081
66,056
144,881
147, 790
148, 978
241,835
242,105
250,364
10,518
11,777
16, 530
14,488
7,340
7,634
11,093
9,975
2,421
3,259
4,742
3,715
757
884
695
798
.51
.51
.51
.54
85, 853
90,707
93,892
91,457
215,099
180, 301
172,350
150,168
21,480
21, 574
20,124
1928
January
February
March
April.
May _
June.
1
Prior to July, 1922, these figures were compiled by the Tanners' Council. Since July, 1922, they have been compiled by the U. S. Department of Commerce, Bureau
of the Census, representing practically the entire industry, 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.
2
Based on figures compiled by the U. S. Department of Commerce, Bureau of the Census. The data embrace returns from packers, tanners, dealers, importers, and
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 leather exports to be presented from the latter date.
4
Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices.
5
Includes
estimated production of firms outside the Tanners' Council.
6
4 months' average, September to December.
http://fraser.stlouisfed.org/
7
11 months' average, February to December, inclusive; previous data not available.
Federal Reserve Bank of St. Louis
60
Table 37.—LEATHER PRODUCTS
SHOES
GLOVES
Wholesale prices 3
YEAR AND MONTH
Production i
Exports 2
Thous. of pairs
1913
1914
1915
1916
1917
1918
1919
1920
monthly average.
monthly average..
monthly average..
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
1921
1922
1923
1924
1925
1926
1927
monthly average..
monthly average.
monthly average.
monthly average..
monthly average_
monthly average.
monthly average..
24,3
27, 602
23, 898
26, 990
29, 260
26,102
26, 963
27, 043
Men's Men's
dress
black
welt
calf
tan
bin cher
calf
(Bos(St.
ton)
Louis)
Glove leather *
Women's
black
kid,
dress
welt
lace
oxford
Dollars per pair
842
827
1,412
1,623
1,237
1,100
1,780
1,403
$3.11
3.17
3.25
3.71
4.75
5.63
7.60
8.95
$3.17
3.28
3.35
4.01
5.68
5.65
7.77
8.14
746
450
612
526
550
476
460
7.00
6.51
6.43
6.25
6.39
6.40
6.43
5.18
4.74
4.85
4.88
5.13
4.92
5.35
Production
Gloves cut«
Stocks (tanned),
end of month
In proc- Finished
Dress and street
Total
Imported
pon
leather
leat
Work
gloves
Dozen pairs
Thousands of skins
$4.13
4.07
4.00
Domestic
leather
6 341
31, 256
6 3,150
399
653
824
617
645
683
1,454
1,643
2,098
1,852
1,542
1,832
2,923
3,027
3,547
2,709
2, 350
2,797
7 197, 593
188, 854
200, 536
208, 039
7
37, 623
32, 067
40, 828
50, 333
7 30, 847
29, 955
30, 327
32, 824
7 129,123
126, 832
128, 973
124, 881
I
1926
January...
February.
March
April
I
23,874
25, 698
29,928
26, 637
470
416
400
657
6.40
6.40
6.40
6.40
5.00
5.00
5.00
5.00
4.15
4.15
4.15
4.15
774
720
753
722
1,822
1,797
1,844
1,883
2,706
2,818
2, 964
2,943
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
June
July
August.
23,129
25, 041
25, 052
29,646
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
710
634
588
613
1,821
1.792
1,803
1,891
3,044
2,982
2,941
2,853
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
September.
October
November.
December. _
31, 673
31, 662
26, 758
25,415
426
407
546
6.40
6.40
6.40
6.40
4.85
4.85
4.85
4.85
4.00 !
4.00
4.00
4.00
684
662
1,789
1,818
1,839
1,888
2,656
2,599
2,541
2,518
218,191
299, 798
196, 060
176, 605
56,406
56, 087
51, 605
41, 673
33, 905
34, 837
31, 046
26, 920
127, 880
138, 874
113, 409
108, 012
January...
February..
March
April
24, 993
27, 292
31, 277
28,389
491
397
559
595
6.40
6.40
6.40
6.40
4.85
4.85
4.85
4.85
4.00
4.00
4.00
4.00
727
808
810
1,913
1,857
1,891
1,762
2,672
2,761
2,905
2,736
196, 270
197, 987
230, 749
219, 370
50, 917
58, 681
64, 588
62, 655
27, 736
31, 348
43,187
37, 928
117,617
107, 958
122, 974
118, 787
May
25, 626
27,497
27, 775
35, 061
586
591
456
337
6.40
6.40
6.40
6.40
4.85
4.90
5.00
5.00
4.00
4.00
4.00
4.00
860
837
753
1,677
1,627
1,639
1,589
2,819
2,748
2,848
2,636
208, 924
223,177
213, 773
241, 652
57, 848
62, 219
57,887
64, 010
36, 503
37, 737
30, 720
41, 669
114, 573
123, 221
125,166
135, 973
33,933
32, 267
312
376
433
381
6.50
6.50
6.50
6.50
5.00
5.00
5.00
5.00
4.00
4.00
4.00
4.00
882
1,494
1,467
1,434
2,614
2,457
2,481
229,999
244, 090
225, 779
60,851
59, 601
50, 532
38,132
36, 537
33, 635
131, 016
147, 952
141,612
May....
1927
June
July
August..
September.
October
November.
December..
918
1928
January...
February.
March
April
May.
June.
1
Compiled by the U. S. Department of Commerce, Bureau of the Census, from over 1,000 firms each month, comprising almost the entire industry. Figures for the years
1914, 1919, and 1921 are those reported by the census of manufactures for those years. Monthly data from November, 1921, appeared 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.
2 Compiled by the 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.
3 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics representing average monthly prices. Monthly data from 1920 on the St. Louis quotations
appeared
in the September, 1922, issue (No. 13), p. 47.
4
Compiled by the U. S. Department of Commerce, Bureau of the Census, representing total data for the following grades of glove leather: Goat and kid, cabretta, sheep
and 6lamb, and deer and elk. Stocks of glove leather are those held by tanners. Monthly data since September, 1920, were given in the July, 1927, issue (No. 71), p. 22.
Compiled by the U. S. Department of Commerce, Bureau of the Census, by 206 identical factories (including data in earlier months for 1 factory now out of business)
representing 87 per cent of the leather-glove industry according to the census of manufactures, 1921.
6
Avei age for last 4 months of year.
http://fraser.stlouisfed.org/
7
Average for last 6 months of year.
Federal Reserve Bank of St. Louis
61
Table 38.—NEWSPRINT PAPER
NEWSPRINT PAPER
Production
United States2
YEAR AND
MONTH
1913 mo. av
1914 mo. av
1915 mo. av
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av
1920 mo. av
Total
Ratio
to capacity
Short
tons
Per
cent
113,251
105, 024
114,543
125.997
1921 mo. av
102,103
1922 mo. av
120, 641
1923 mo. av
123, 750
1924 mo. av_
122,548
1925 mo. av
127, 527
1926 mo. av
9140, 558
1927 mo. av .__
Can-3
ada
Consumption
by publishers
Total
United
States 4
Stocks, end of month
Shipments
At mills
United
States 2
Canada 3
United
States 2
Canada *
At
publishers
In
transit to
pubs.
United States i
Imports
Exports
United United
States s States 6
Canada 5
Dolls.
100
lbs.
Short tons
38,998
31,713
24,035
23,929
23.324
13,325
12, 597
10, 682
61,251
67, 284
72,931
110, 248
142,091
148, 760
113,858
106,049
114,880
125,215
67.339
90,028
105, 519
112, 750
126,851
6 156, 511
147, 957
170, 738
151,179
136,829
148,897
166, 780
102,172
121,035
123, 111
122, 505
127, 862
6 140,605
66, 930
90,499
104,793
112, 063
127,096
6 156, 562
29,940
22, 837
22, 207
29, 357
26,867
16, 662
24,843
62,083
67,922
7?,563
Price
roll,
f. o. b.
milli
18, 320
26, 290
30, 701
39,019
46, 593
49,689
52,311
60,822
3,608
5,066
4,597
6,395
7,822
8,062
9,189
3,824
12, 233
24,382
20,384
38,601
45,026
50,425
55, 203
59, 469
$2.25
2.25
2.05
2.70
3.35
3.41
3.88
6.00
124, 789
154, 952
155,185
144,712
41,155
40,983
52,006
17,033
10, 572
14, 745
19, 789
22,454
13,881
30, 052
188,797
171,121
• 175,797
176,855
152, 733
148,043
28,211
36, 657
40,601
33,941
32, 205
36,194
66,040
85, 772
109,058
113,065
120,687
154, 278
163,459
1,401
2,147
1,363
1,429
1,895
1,610
1,034
62,969
79, 960
94,830
101,615
116,805
144,332
156, 822
5.00
3.69
3.89
3.83
3.70
3.50
3.29
1936
May
June
__ _
July
August-
141,004
142,167
140,606
139,035
153,969
158,601
163,037
162, 545
176,893
161,156
147,584
151,144
142, 286
141,494
142, 773
136, 318
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
35,770
32,391
31,811
36,316
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
September
October
November
December
135,848
142,482
140,427
135,069
161,387
168, 500
164, 798
163,717
163,089
186, 860
183,368
172, 537
136, 963
145,818
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
161,917
180, 663
187, 272
36,863
43,359
37,399
41, 560
139, 720
172, 603
169, 577
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
1927
January
FebruaryMarch
April
135,083
121,396
134,028
130,917
161,724
151,986
174,094
166,460
168,241
156, 621
176,356
186,138
130,660
119,155
129, 748
129,691
158,866
146,365
169,061
168,711
15,968
18,426
22,744
24,105
17,255
22, 769
28,462
26,389
232,944
224, 572
227, 049
215,329
43, 624
48,251
42,884
40, 798
166,102
134, 209
166, 531
147, 736
1,360
874
1,648
1,073
142,329
141,199
184, 502
123,449
3.30
3.30
3.30
3.30
128,046
125,837
118,929
127,129
171,586
171, 819
162, 564
180,175
186,268
169, 536
157,325
154,167
127, 635
122, 930
119,840
124,402
170,468
168,951
159,843
180,666
24,233
26, 549
27,764
30,335
27, 520
28,851
32,282
31, 743
193,005
196,860
205,967
231,992
43,862
40,784
40,476
40,916
170, 545
161,473
159,687
167,475
1,314
1,119
983
1,215
149, 924
159,495
140,543
163,115
3.30
3.30
3.30
3.30
178,815
191,171
190,293
169, 286
184,805
185, 202
114,325
118, 371
116,612
177,195
188, 769
187,756
30, 751
27,939
28, 543
20,877
33,384
35, 77438,074
38,117
225,310
214,872
214,639
45, 570
45, 789
46,176
168,630
173,540
187, 796
180,467
704
739
847
535
168,855
159, 284
179,969
169, 202
3.30
3.25
3.25
3.25
May
June
July
August
September
October
November
December
_
114,735
114,675
117, 222
_ _
80
77
79
1928
January
February
March
April
May
June
1
2
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.
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.
3 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.
4
Consumption, publishers' stocks, and stocks in transit, compiled by the Federal Trade Commission through May, 1923, have been compiled since then by the American
Newspaper Publishers' Association from reports of about 422 publishers who were included in the 600 reporting to the Federal Trade Commission and had on hand on May
31, 1923, a total of 133,312 tons of paper as against 176,347 tons held by those reporting to the Federal Trade Commission on that date. Monthly data on newsprint paper
from 1920 appeared in June, 1922, issue (No. 10), pp. 45-47.
8 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.
6
Annual averages are slightly larger than computations from monthly figures owing to receipt of annual instead of monthly reports from a few small firms.
62
Table 39.—BOOK PAPER AND PRINTING
BOOK PUBLICATION 2
BOOK PAPER i
Production
YEAR AND MONTH
1927 monthly
1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly
average
average
average
average
average
average.
1923 monthly
1924 monthly
1924 monthly
1926 monthly
1927 monthly
average _
average
average
average
average
i
!
Actual
Ratio
to
capac.
Short tons
Per
cent
Shipments
Stocks,
end of
month
Short tons
74, 357
70, 763
76,232
92, 039
60,499
81,827
72, 958
71, 464
76, 665
.91,895
59, 353
82, 037
36, 845
29,622
31, 643
23, 719
36, 234
38, 221
93, 466
102 569
107, 038
112,182
110. 963
92, 355
102,814
106, 236
112,054
110,289
46,439
48, 851
58, 870
62, 354
71, 275
PRINT- CASH
ING ^ CHECKS^
Unfilled
New orders orders, end
of mo.
American Immanu- ported
Un- Coat- Unfac- books
Coat- eoatture
ed
ed eoated
ed
Per cent of
n o r m a l production
86
82
86
82
96
92
93
84
Days' production
10
9
8
9
14
12
13
9
SALES BOOKS 3
Number of
editions
728
695
648
621
581
604
110
75
67
81
113
116
626
611
667
681
113
144
131
137
New
orders
Shipments
Thousands of books
Activity
Shipments
Relative to
Thous.
of
checks
1924
10,046
9,592
7,665
10, 779
9,850
11,118
8,264
10,083
11, 344
10, 988
11, 991
11, 931
12,133
11, 488
11, 260
11,916
11, 967
11,931
6 98
100
100
101
100
87,489
79, 982
88, 297
86, 239
76, 038
1
1926
594
786
607
656
104,443
107,426
103,323
106,048
62,312
67,920
64, 524
67, 750
79
83
81
89
90
86
91
92
6
6
6
9
12
12
13
13
847
491
606
587
146
88
108
135
12, 250
12, 946
11, 638
13, 288
11, 537
12,432
9,578
12, 625
100
98
87
92
97, 394
80,462
84, 566
74, 767
110,829
113, 046
115, 307
117, 613
111, 494
117,169
112, 540
116,907
67,073
62,378
61,130
62,353
85
85
79
82
88
99
93
88
9
8
7
5
12
13
13
12
805
920
737
634
135
187
174
96
12, 682
11, 719
11, 091
10,244
12,096
12, 814
12, 386
12, 544
102
103
103
102
83,
93,
74,
72,
119,965
111, 569
123, 839
110,217
117,565
112,015
121, 858
110, 658
64,847
64,199
6Q, 767
66,099
87
94
94
87
93
97
90
90
7
9
10
10
10
11
9
10
722
660
699
819
132
113
141
135
12, 919
11, 632
12,085
11, 045
11,178
11,197
12, 521
11,167
104
108
110
107
73, 841
77, 268
84, 749
71, 767
August
103, 604
110, 856
100, 879
112,984
100,185
110,080
100,677
111, 176
71,387
72,101
73,543
75,749
84
76
79
70
89
68
77
76
12
8
9
7
10
8
8
8
693
588
723
626
70
93
105
129
12,233
11, 790
12,231
12, 739
10, 781
12,707
8,870
13,446
107
99
90
93
79,472
72,659
77, 741
74,469
September
October
November
December
106,205
109,391
111, 579
110,463
106,417
110,813
109,347
112,672
75,749
74,234
76,461
74,167
76
76
77
82
82
85
77
79
7
8
9
8
9
9
8
8
830
981
738
89
143
102
12,277
13, 851
12,126
10,671
12,387
12, 898
13,086
12, 934
99
105
104
76, 364
71, 625
82,093
70,413
May
June
July
August—_
September
October...
November
December
_
_.
_
_
_
109,
111,
100,
108,
387
759
263
634
1927
January
_
February
March
April
_
May.
June
July
__ _
84
83
85
83
1938
January
February
„
April
May
_-
June
1 Compiled by the American Paper and Pulp Association, beginning with June, 1923,figuresprevious to that date having been compiled by the Federal Trade Commission,
representing practically complete production. Owing to variations in the number of reporting firms, beginning with June, 1923, the data on production and stocks have
been computed by link relatives, based on identical firms from the previous month. Shipments during this period have been computed by applying to the computed
production figures the ratio of shipments to production of the firms reporting. Data on new orders and unfilled orders are compiled from weekly reports of a smaller number
of mills,
28 on coated paper and 10 on uncoated. Unfilled orders show the average number of days which orders on hand will need for completion.
2
Compiled by the Publishers' Weekly. Imported books are those of foreign manufacture, catalogued and marketed by American publishers. Between 10 and 15 per
cent of the books manufactured in America are new editions, the remainder being new books, while about 95 per cent of the books manufactured in this country are by
American
authors. Annual averages from 1913 through 1916 appeared in the August, 1927, issue (No. 72), p. 58.
3
Compiled by the Sales Book Manufacturers' Association from reports of 11 manufacturers, estimated to represent 90 per cent of the industry east of the Rocky Mountains. The sales books included are those commonly known as duplicate and triplicate books used by retail stores in recording their sales; all sizes and styles are included,
but 4not interchangeable covers and accessories. Monthly data on new orders from 1919 appeared in the July, 1926, issue (No. 59), p. 24.
Compiled by the United Typothetse of America, representing the activity of job printing plants in 52 cities in 30 States, based on the productive hours of each department, the departments being weighted by their relative importance. Monthly data from 1922 appeared in the November, 1927, issue (No. 75), p. 25.
« Compiled by the Cash Check Manufacturers' Association from reports of 8 manufacturers of punch and tear-off checks such as used in restaurants. The association's
reports show these classes separately, together with values and relation to normal.
fi 11 months' average, February to December, inclusive.
63
Table 40.—PAPER BOARDS AND BOXES
BOX BOARD 2
PAPER-BOARD SHIPPING BOXES 3
Stocks of waste
paper, end m o .
Si
Operation
YEAR AND
MONTH
Production
Short
tons
Production
New
orders
paper
Unfilled
orders,
end of
month
Thous. Per ct.
of inch- capac.
hours
Consumption,
waste
paper
Shipments
Stocks,
end of
month
In
transit
andunAt mills shipped
purchases
2, 675
2,314
2,712
3,067
2,474
8,442
8,352
8,636
8,042
81.0
80.6
84.4
78.6
1925
September. _.
October
November...
December. __
2,456
3,354
3,097
3,536
8,611
8,910
8,377
8,164
85.2
81.6
86.3
77.6
207, 351
217, 559
201,122
197, 668
200, 826
216, 687
202, 219
196, 501
111, 165
104, 497
105, 043
107, 756
195, 683
197, 839
188, 534
178, 284
211,181
223,193
201, 670
193, 841
52, 872
47,144
45, 767
50, 333
1926
January
February
March..
April
3,166
3,038
3,106
2,805
8,135
7,975
9,162
8,629
80.7
83.1
84.9
83.0
197, 360
196, 965
225, 688
207, 765
211, 263
183, 030
219, 994
194, 824
120, 091
106, 269
104,128
90, 671
187, 915
187, 871
214, 046
209, 245
196, 544
194, 704
222, 018
208, 281
49, 634
50, 717
54, 265
53, 661
172, 203
166, 536
154, 923
149, 742
3,718
2,944
3,697
3,084
8,400
9,140
8,604
9,140
84.0
87.9
82.8
207, 498
221, 909
206, 235
226, 337
200, 832
242, 089
219, 271
212, 845
83, 452
109, 559
122, 202
110, 362
193, 892
213, 912
201, 582
222, 403
207, 934
215, 931
206, 591
224, 702
54, 599
60, 080
59,193
60,420
September. _.
October
November.. _
December
2,915
3,534
2,043
2,748
9,312
9,659
8,527
6,943
93.1
92.9
85.3
66.8
230, 050
226,180
217,850
165, 074
219, 850
224,829
187, 295
190,163
102, 027
93, 263
69,118
86, 562
212, 608
216, 871
201, 633
159, 969
227, 824
233, 593
211, 005
172,815
1927
January
February
March
April
2,306
2,730
2,774
3,040
7,583
8,628
7,771
70.0
79.0
79.9
74.7
173, 629
189, 273
219,824
205, 589
194, 285
183, 861
230, 065
197, 435
105, 669
102, 005
114, 369
101,861
163, 337
182, 322
209, 730
189, 942
May
June
July
August
2,796
2,372
2,218
2,112
7,760
8,200
7,413
77.6
78.9
74.2
82.3
198, 710
213,196
189, 875
232, 723
192, 616
212, 227
212, 434
227, 397
93, 248
94, 847
115, 097
112, 763
3mber__October......
November...
December...
2,461
2,537
2,400
1,940
8,675
8,902
8,275
7,407
86.8
85.6
82.8
71.2
225, 633
226,141
212, 319
191,213
235, 960
221, 548
183,676
178, 576
120, 331
105, 600
76,471
74, 729
av.
av.
av.
av_
av.
av_
av_
May...
June
July
August
_
1,569
2,256
31, 667
28, 967
45, 031
50, 271
54, 472
56, 509
49,042
162, 097
172, 962
153, 773
145,116
45, 383
43, 508
52, 090
161, 021
174, 248
171, 815
179, 704
49, 587
48, 911
36, 928
37, 357
Production
Total
Per cent of
normal
Short tons
101, 861
147, 745
170, 490
185, 627
197, 788
210, 743
206, 510
1921 mo.
1922 mo.
1923 m o .
1924 m o .
1925 mo.
1926 mo.
1927 mo.
Operating
time
Corrugated
Solid
fiber
Thousands of square feet
77,
79,
75,
76,
83,
77,
299
382
553
397
353
949
226, 622
291, 036
306, 743
350, 418
404, 859
393, 354
149, 323
211, 654
231,190
274, 516
321, 505
315,405
370, 315
422, 548
409, 411
345, 341
79, 617
341, 384 81,164
332,112 77, 299
275, 772 69, 569
44, 477
55, 035
42, 971
50, 480
359, 052
386, 051
410, 011
379, 259
281, 753
304,115
324, 983
299, 641
77, 299
81, 936
85, 028
79, 618
140, 718
139, 967
145, 334
195, 597
45, 327
58, 820
60, 462
57, 285
382, 405
387, 650
403, 386
441, 593
298,150
302, 622
316, 039
348, 835
84, 255
85,028
87, 347
92, 758
62, 669
55, 650
62, 058
55,159
120, 087
142, 830
151,187
166,153
70, 311
59, 076
46,175
34, 662
441, 372
476, 543
431, 378
359, 602
354, 798
386,104
353, 307
287, 714
86, 574
90,439
78, 071
71,888
175, 528
189, 032
217, 876
209, 944
53, 562
53, 327
54, 566
50, 211
163, 023
158, 222
155, 513
147, 938
38, 062
40, 602
43, 789
46, 314
371, 748
421,165
421,110
403,165
293, 677
336, 910
338, 400
322, 002
78, 071
84, 255
82, 710
81,163
191, 427
205, 537
180, 822
227, 430
200, 282
210, 320
194,131
229, 719
48, 906
52, 452
49, 519
52, 283
149, 438
151, 671
151, 094
130, 503
59, 289
43, 807
51, 520
72, 087
406, 633
360, 888
383, 565
400,806
326, 474
290, 546
308, 585
317, 529
80,159
70, 342
74, 980
83, 277
216,101
220, 974
202, 646
177, 366
228, 393
228, 222
212, 375
181, 787
43,115
41, 863
41,317
47, 386
127, 649
128, 443
133,184
144,714
53, 875
65, 008
52,161
34,445
386, 039
427, 263
395, 491
342, 376
308, 585
348, 835
320, 511
272,807
77, 454
78, 428
74, 980
69, 569
185, 788
197, 970
208, 857
205,832
98, 370
102, 502
99, 809
101, 416
176, 854
185, 638
201, 829
197,303
185, 411
197, 702
210,162
206, 467
73
73
82
84
1928
January..
February.
March
April
MayJune..
1
Compiled by the Binders Board Manufacturers' Association, from reports of 6 firms (including in previous years firms since consolidated or out of business), the association's
output representing 84 per cent of the total output of the industry in 1925, according to the census of manufactures.
2
Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 89 identical manufacturers each month, including figures from the members of the
Paperboard Industries Association, formerly included in the Box Board Association, prorated from weekly reports. These box board data included all paper board of more
than 0.009 inch thickness, such as strawboard, chip board, news board, etc., used for making boxes. Similar paper board designed for making specialties, and boards of less
than 0.009 inch thickness are not classed as box board. Capacity data are determined by the number of working days in each month, Sundays and holidays excluded.
The3data 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.
64
Table 41.—WRAPPING, FINE, AND TOTAL PAPER
WRAPPING PAPER
WRITING (FINE) PAPER
Production
Production
Ship- Stocks,
Shipend of
RaRa- ments
month
tio to ments
tio to
Actual caActual capac.
pac.
Short
Per
Per
Short tons
tons
cent
cent
YEAR AND
MONTH
Stocks,
end of
month
ALL OTHER GRADES
Production
Shipments
Stocks,
end of
month
TOTAL PAPER
Production
ShipRatio to ments
Actual capac.
Per
cent
Short tons
Stocks,
end of
month
Short tons
1917 mo.
1918 mo.
1919 mo.
1920 mo.
1921 mo.
1922 mo.
av_
av_
av_
av.
av_
av.
59, 500
57, 851
69, 324
54,300
69, 689
57, 946
60, 588
58, 993
68, 573
53,213
68, 375
53, 551
37, 664
54, 702
26,013
55,465
61, 228
24,030
30,668
28, 647
32,444
20,207
30,088
23, 578
30, 495
28, 902
32, 544
19, 900
29, 859
32,500
29, 308
36, 845
29,268
37, 377
36, 630
70,658
77, 757
76,085
98, 627
70,426
102, 758
69,422
78,619
76, 394
97, 095
70, 453
102, 640
41,093
29, 308
37, 500
36, 594
49,044
47, 488
493,304
504, 294
515, 861
533, 278
409, 398
552, 748
1923
1924
1925
1926
1927
av.
av_
av_
av_
av_
85, 320
84, 639
90, 615
89, 582
90, 021
81, 866
83,470
93, 822
90,416
87, 568
67, 370
108, 635
99, 577
68, 741
75, 823
31,341
30, 810
37,410
38, 259
37, 226
30,511
30, 512
37, 345
38, 035
37,321
43, 913
50,278
50, 650
51, 571
50, 564
90, 630
92, 752
99, 737
102, 790
99, 415
89, 570
95, 767
99,127
102, 755
98, 910
53, 279
57, 811
62, 855
74, 312
71, 001
594, 996
618, 946
660,114
693, 346
668, 078
617, 479
662,096
693, 259
663,659
278,239
345, 203
353, 290
330, 267
342, 558
1926
May
June
July
August
82,905
87,391
84,142
92, 546
81, 993
85, 556
88, 854
93, 564
70,147
72,019
67, 642
66,211
39,271
36, 780
36,488
37, 818
34,205
37, 547
35,065
51,040
53, 675
52,104
53, 528
104, 575
103, 594
98,006
97,525
99,172
100,988
99,132
101, 512
80, 834
84,146
81,963
77, 675
684, 847
703, 627
666, 085
700,587
673, 646
685, 600
678, 220
697,209
337,139
356, 692
341, 950
344, 682
September
October
November
December
90,432
95, 384
92,125
89,475
90,342
95,289
92,309
90,459
64,444
67,914
67,446
67, 860
36, 751
37, 756
38,113
35, 650
36, 420
40,021
36, 779
35,472
53, 843
51, 609
52,959
52,408
103,174
109,903
105, 511
96, 260
105, 522
114,260
106, 946
97,908
75,215
68, 908
67, 746
65, 894
707,084
724, 751
709, 333
639,141
708, 565
746,150
700, 621
650,062
341,
321,
324,
315,
1927
January...
February..
March
April
91, 760
86, 051
90, 934
85,449
95,179
87, 627
68, 465
66, 916
69,116
72, 705
35,148
34, 064
39,195
40, 539
35,
35,
40,
39,
043
869
684
931
52, 794
50,999
49,518.
49,446
100,
93,
108,
99,
755
572
797
211
107, 835
98,063
67,
65,
66,
67,
593
697
662
589
656, 340
635, 925
724,008
679, 892
649,492
636, 615
713,180
675, 914
323, 229
319, 564
329, 373
330,155
735
219
490
215
73,081
74, 532
76, 796
78, 626
38,
37,
33,
37,
734
635
360
098
38, 424
36,167
35, 729
35, 688
50,436
51, 695
48, 801
50,199
100,
100,
90,
103,
357
515
382
623
99,025
90, 583
102, 358
72,
73,
72,
74,
942
897
738
302
653,902
676, 857
618, 730
707, 750
645,
665,
623,
695,
290
741
450
558
340,
351,
349,
361,
985
226
161
494
81, 737
80,907
82, 300
84,695
37, 329
38, 814
36, 665
38,136
36, 769
38, 892
37,398
37,259
50, 756
50,903
50,173
51,044
101,157
103, 058
96, 729
94,820
102,311
103,040
76,095
94, 726
73,
72,
72,
72,
357
594
397
249
674,
684,
664,
639,
674,
691,
660,
631,
861
762
221
828
355,
348,
351,
350,
465
440
191
418
mo.
mo.
mo.
mo.
mo.
60,626
93,419
84,451
88, 818
May
June
July
August..
85, 305
94,193
80,
87,
82,
92,
September
October
November
December
92, 795
89, 740
85,700
86, 646
92,424
88, 394
81, 501
_
99, 762
755
874
254
644
238,113
189, 240
238, 999
181, 910
239,697
235, 371
72
270
092
931
704
1928
January.._
February..
March
April
May_
June.
i Data to May, 1923, from the Federal Trade Com.
ATnerican Paper and Pulp Association a n d prorated tw iv^n/tnaji; vuuLi^nyiu p u u u v w u u v/.u. w™ muiu M m & j/^uvin/ubUL. vuiviiiunvvt
of 1923, as compared with the total for that period derived from the Federal Trade Commission reports and the census of r
,_.
^ — o *,-*—,-• *— ~—,
fine paper, 80 per cent; "All other grades," comprising bag, tissue, hanging, felts and building and other paper, 65 per cent. Total paper figures are the aggregate of the
three previous production or stock columns plus, up to May, 1923, the figures on newsprint, book paper, and paper board as compiled by the Federal Trade Commission,
and,, after
fter
Newsprint Service
t May, 1923, the figures on book paper compiled by the American Paper and Pulp Association, the figures on newsprint as compiled by the Nevjsprint
Bureau, and the figures on box board as compiled by the U. S. Department of Commerce, Bureau of the Census, except that from June through October, 1923, when these
latter figures were not compiled, the paper-board figures of the American Paper and Pulp Association have been used, prorated up to complete production by the peres which they bore to the bqxboard figures in 1924 or 60 per cent on production and 73 per cent in stocks Stock figures represent paper at mills only. Shipment
f h i t t
d i
f
65
WOOD PULP
Chemical
Mechanical
Consump- Stocks,
Im- 6
Produc- tion
and end of
tion «
ship- 5 month s ports
ments
YEAR AND
MONTH
LABELS i
Price,
Consulsump- Stocks,
phite,
ImProduc- tion
and end of ports 8
untion «
New
ship- months
bleach- orders
ments s
ed 7
Per
Dolls,
of
per 100 cent
capaclbs.
ity
Short tons
1909-1913mo.av_
1913 mo. av
1914 mo. av
1915 mo. av _
1916 mo. av . . .
125, 678
1917 mo. av
1918 mo. av
1919 mo. av
1920 mo. av
1921 mo. av _ _
120, 589
108, 617
120,817
131, 525
105, 668
1922
1923
1924
1925
1926
1927
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
157,
158,
160,
185,
127,
123,495
131, 073
145, 727
142, 464
154,095
131, 542
127, 802
131, 266
139, 796
143, 569
153, 495
136,618
136, 664
95,900
195, 007
225,804
204, 065
189, 917
17,965
24,957
20, 929
27, 657
25,194
20, 576
189, 580
165, 312
130,197
123, 438
161,
155,
147,
149,
478
229
005
520
234, 037
241, 754
224,948
198, 782
September
October
November
December
135,
167,
164,
147,
003
597
278
405
147, 025
162,812
155, 409
148, 205
1927
January
February
March
April
146,
125,
166,
165,
077
740
411
680
mo. av
mo. av
mo. av
mo. av
mo. av
mo. av
1926
May
June
July
August.
May
June
July
August
September
October
November
December
. .
._
.
25,855
25, 521
31,130
38, 091
32, 861
35,100
$2.23
2.16
2.12
3.81
797
930
375
536
467
44,
33,
53,
33,
53,
799
671
725
720
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
222,937
215, 036
166, 438
200, 642
200, 793
206,147
223, 597
214, 945
52,
62,
58,
41,
42,
39,
518
472
492
335
089
843
86,942
92,843
108, 399
111,520
118,809
119, 579
19,127
26,067
21, 645
26, 759
220,142
225, 330
217,150
221,874
220,118
223, 214
213, 550
223,340
39, 274
42,132
45, 710
45,566
186, 760
193, 040
200,932
195,980
31,771
39,123
26, 712
22, 556
218, 466
235,848
227,186
221, 200
219,
237,
225,
222,
788
560
202
824
163, 466
128,886
148, 360
142, 483
183, 011
180,100
198, 338
221, 535
18,378
12, 723
23, 746
19, 772
229, 580
206, 646
235, 408
218,996
160,192
130,158
108, 322
102, 995
137,997
135, 689
127, 623
136, 569
243,
238,
218,
185,
17,
20,
13,
18,
217
275
344
596
92,195
121, 051
131, 325
128,532
120, 326
130,465
137, 569
130, 582
156, 574
147,160
141,163
139,114
28, 389
21,190
28, 308
24, 976
106,824
762
231
795
222
160, 572
ABRASIVE
PAPER AND
CLOTH 2
Shipments
Domestic
Foreign
Reams
ROPE PAPER
SACKS s
Table 42.—WOOD PULP AND PAPER PRODUCTS
Shipm'ts
Rel. to
19211922 8
PAPER 1BOXES*
Shipments
Pay
roll
Dollars
44.2
68,150
78, 363
47,957
9,171
11,695
4,379
2.56
2.97
2.58
2.68
2.87
2.64
82.7
80.6
83.7
86.0
87.4
81.4
72,394
86,916
79, 002
86,891
84,634
81,665
8,836
10,943
10,165
12,435
13, 565
16,050
110
119
129
126
117
$1,177, 623
1,092,491
1, 200, 203
1,278, 538
$311,169
285,160
306, 648
332, 757
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
1, 067, 499
1,132, 586
1, 053,531
1,234, 541
304,929
315, 251
301, 333
328,808
44, 012
42,130
43,638
42,014
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
120
1,435,729
1,641,956
1, 742, 204
1,542, 409
350,216
390,361
398,390
370,833
229,382
204, 248
232,858
221, 406
38, 730
39,950
42,800
39,290
153,584
• 89,662
97,063
82, 536
2.75
2.75
2.75
2.75
84.5
81.9
81.0
79.7
76, 717
83,229
98, 054
85, 334
12, 575
13, 569
20,844
16, 714
99
108
118
108
1, 039, 429
1,019, 498
1,175,717
1,128, 205
285, 521
298, 421
315,073
296,293
214, 848
214,816
198, 988
220,138
214,918
215, 020
198, 068
220,162
39,120
39,086
40,278
40, 254
116,912
109, 700
117,734
119,121
2.63
2.60
2.60
2.60
72.0
124.1
66.1
79.0
85,928
81,917
77, 655
89,622
17,735
15,877
16, 522
13, 584
114.
118
1,060, 508
1,128, 282
1,018,079
1, 214,888
297,680
297, 607
276, 569
317,485
209, 776
213, 472
210,886
206,880
211, 744
213, 524
209, 810
208,1&8
38, 286
38, 234
39,310
42, 778
119, 970
133,170
142, 736
152, 764
2.60
2.53
2.53
2.53
77.7
98.2
54.4
78.1
85,379
85,155
72, 726
58, 265
14, 361
18,389
16, 392
16,034
1,375,977
1,566,848
340,692
356,032
8
100
1928
J anuary
February
March
April
May
June
1 Compiled by the Label Manufacturers National Association, said to include about 75 per cent of the industry. Data on production, compiled from January, 1921,
through
November, 1922, may be found in 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 Rope Paper Sack Manufacturers' 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
Compiled by the National Paper Box Manufacturers' Association covering reports of 88 identical manufacturers in 1926 and 1927, to which are prorated reports from 60
firms in 1925 and 54 firms in 1923 and 1924, based on the averages per firm, on which basis there was a difference of only 2 per cent between calculated and actual figures in 1926.
Monthly data from 1923 appeared in the May, 1927, issue (No. 69), p. 22.
8 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.
"i Price of sulphite domestic wood pulp is monthly average from U. S. Department of Labor, Bureau of Labor Statistics.
• Twelve months' average July, 1921, to June, 1922. Numerical data not furnished by the association,
http://fraser.stlouisfed.org/
80484°—28
Federal Reserve Bank of St. Louis
5
66
Table 43.—BUILDING COSTS AND HOUSING
BUILDING
MATERIAL
PRICES i
(1st of mo.)
YEAR AND MONTH
Frame Brick
house house
Relative to 1913
FacContory
Brick, Brick, Reinbuild- strucFrame5 wood5 steel 5 forced
tion
con- 5
ing
frame frame crete
costs 3 COStS *
Eel. to
1914
REAL
ESTATE
CONVEYANCES2
HOUSING
RENTAL
ADVERTISEMENTS
INDEXES OF CONSTRUCTION COSTS
Construction
costs °
Portland,
OregJ
Eelative to 1913
FIRE LOSSES
United
States Canada
only io
and
Canada9
Minneapolis, 41 cities
Minn.s
Thous. of dollars
Number
i
1913
1914
1915
1916
1917
1918
1919
1920
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average _
monthly average
1921
1922
1923
1924
1925
1926
1927
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
100
1OO
1OO
100
niOO
niOO
89
93
147
181
189
198
251
ii 97
1199
H109
H134
ii 164
H212
H269
nioo
ii 1 0 0
H98
H102
H120
H147
H171
H210
H264
100
99
H103
H114
ii 140
ii 171
H219
H284
n 1OO
H98
H101
n 122
H155
H179
"209
H257
100
114
152
175
198
247
i 2 l,319
64,672
63,094
56,877
92,567
104,973
$18, 727
19, 637
15,236
19, 287
22, 273
26, 413
22,414
27, 571
$2,196
2,027
1,139
1,707
1,674
2,651
1,934
2,281
182
207
201
196
195
187
186
209
203
197
195
188
179
170
202
198
195
197
193
202
175
214
215
207
208
206
ii 196
H190
209
205
202
204
205
H216
ii 196
219
218
210
213
214
H201
ii 185
212
210
202
199
197
H207
n 188
210
206
200
201
200
200
184
201
202
199
197
200
16,754
16,405
17, 683
17, 698
16, 212
1312,100
1,886
3,082
3,673
4,788
5,096
5,160
5,020
91, 642
109,895
139,089
140, 961
153,973
154,316
27, 721
34,241
32,433
31,461
31,125
32, 751
26, 716
2,499
3,646
2,885
2,777
2,548
2,742
1,901
190
191
191
190
190
190
190
189
196
194
193
193
212
210
209
209
204
204
204
204
213
213
213
213
198
197
197
197
200
200
200
200
197
199
201
201
11,730
12, 936
11,655
11,814
3,131
2,955
4,183
5,895
135,935
129, 258
161,754
160,088
37,911
26, 285
26,808
39, 721
2,378
1,976
2,361
2,173
189
190
190
187
189
189
189
188
193
193
192
192
207
206
204
206
204
204
205
205
213
213
214
214
196
196
197
197
199
200
200
200
200
200
199
199
12, 942
10,980
10,449
11,820
5,828
4,526
4,013
8,347
150,558
154, 694
150,492
146,345
20,713
25,481
24,249
34,3Q0
1,338
2,595
1,462
1,561
184
181
180
182
187
185
184
187
192
191
191
191
204
204
202
204
205
205
205
205
215
215
215
214
197
196
196
197
200
201
200
201
201
201
200
199
13,425
13,248
7,800
6,711
4,290
2,564
140,441
149,667
145,180
21,875
22, 327
18,992
31, 935
1,789
1,778
1,309
2,093
191
204
1937
January
February
March
April
May
June..
July
August
September
October
November
T)p.cp-Tnhfir
1928
January
February
March.. _
April
_
_
.
May
June
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 If. 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 con-
tractors 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.
s This index number, furnished through the courtesy of the Aberthaw Construction Co., is designed to show the relative changes in the cost of constructing a standard
concrete factory building. The company believes that the year 1914 gives a normal base and that July, 1920, with an index number of 265, represented the peak of costs.
Beginning with June, 1923, the Morton C. Tuttle Co. has also prepared an index on a similar basis, with practically identical results. These index numbers are given as
of the first day of the month.
* The construction cost index, computed by the Engineering News Record, is based upon the costs of steel (structural shapes, Pittsburgh base), cement (f. o. b. Chicago,
exclusive of bags), lumber (southern pine, New York base), and the rates paid common labor in the steel industry through 1920, after which common labor rates are averages reported from about 20 cities by correspondents of the Engineering News Record. The prices are weighted on the basis of the total production of steel, cement, and
lumber, and the total supply of common labor. Monthly data from 1914 appeared in June, 1923, issue (No. 22), p. 52. These index numbers are given as of the first day
of the month.
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 percentages determined from buildings of each type actually constructed. Details by districts and description of method of compilation
may be found in the American Appraisal News for January, 1925, p. 9. Quarterly data, 1920 to 1923, inclusive, appeared in October, 1925, issue of the SURVEY (NO. 50), p. 26.
6 Compiled by tha Associated General Contractors of America, combining indexes of wages and materials in the proportion of 40 per cent for wages and 60 per cent for
materials, believed to be the average of all types of construction. The wage figures are those reported for hod carriers and common labor by the National Board of Builders' Exchanges for 12 cities: Atlanta, Baltimore, Boston, Chicago, Cincinnati, Cleveland, Detroit, Los Angeles, New York, Philadelphia, San Francisco, and St. Louis,
The material prices are averages for the same 12 cities as compiled by the Engineering News Record for the following materials: Sand, gravel, crushed stone, Portland
cement, common brick, lumber (all weighted equally), hollow tile (weighted one-half), and structural and reinforcing steel (both together weighted one-half). Monthly
figures
from 1921 were given in the May, 1927, issue (No. 69), p. 22.
7
Compiled by the 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.
s Compiled by the Federal Reserve Bank of Minneapolis, showing number of advertisements in a Minneapolis newspaper each month of houses and apartments to rent,
both furnished and unfurnished. No effort has been made to eliminate duplications of houses advertised from day to day, and thus the total does not represent actual
number of dwellings for rent, but it does indicate the trend.
» Compiled by the New York Journal of Commerce and include losses of $10,000 or over in the principal cities of the United States, Canada, and Alaska, each month's
figures including an item of 15 per cent to cover small and unreported losses. Individual losses are given in the original publication of the figures. Monthly data from
1913 and seasonal index appeared in the December, 1923, issue (No. 28), p. 53.
10 Compiled by the Monetary Times, from weekly reports, representing property losses only, exclusive of losses due to forest fires. Details by Provinces are shown in
the periodical since 1924. Monthly data from 1909 appeared in the December, 1927, issue of the SURVEY (NO. 76), p. 48.
11 Average of quarterly figures.
i* Four months' average, September to December, inclusive,
is Ten months' average, January to October, inclusive.
67
Table 44.—BUILDING CONSTRUCTION
CONTRACTS AWARDED
UNITED STATES
(36 States) i
Y E A R AND M O N T H
Commercial
Thous.
sq. ft.
1913 m o n t h l y
1914 m o n t h l y
1915 m o n t h l y
1916 m o n t h l y
1917 m o n t h l y
1918 m o n t h l y
1919 m o n t h l y
average_
averageaverage _
average _
average _
averageaverage.
10, 897
1920 m o n t h l y
1921 monthly
1922 m o n t h l y
1923 m o n t h l y
1924 m o n t h l y
1925 m o n t h l y
1926 m o n t h l y
1927 m o n t h l y
average _.
average averageaverage _
averageaverage averageaverage.
8,107
6,413
9,363
9,120
9,420
12, 589
11, 791
11,012
Industrial
Thous.
dolls.
Thous.
sq. ft.
Residential
Thous. Thous.
dolls. sq. ft.
Thous.
dol's.
Educational
Thous.
sq. ft.
Thous.
dolls.
CANADA 2
Public and
semipubiic
Thous.
sq. ft.
Thous.
dolls.
Public
works
and
utilities
Thous.
dolls.
Grand total
Thous.
sq. ft.
Thousands of
dollars
30, 639 12, 564
31, 803 3,518
47, 545 6,448
42, 743 6,119
49, 695 4,169
69, 639 5,623
73,342 6,566
74,764 5,675
Rel. to
1913
$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, 8C6
2,745
4,239
5,701
4,641
4,854
4,892
4, 351
4,422
16,903
23,918
29, 754
26, 719
30, 620
34,434
30, f 88
30, 733
2,824
4,298
4,921
3,912
4,643
5,817
5,512
6,248
20, 765
38, 275
36,859
31, 653
25, 386
32, 728
46, 077
48, 347
53, 293
56, 374
45, 719
55, 960
55,456
60, 326
73, 811
89, 020
100, 938
54, 552
56, 352
58, 869
74, 955
70, 245
67,699
240, 677
224,070
318, 403
331, 776
373, 816
485,187
508, 583
506, 996
21, 300
20,011
27, 654
26,188
23, 022
24, 831
31,079
34,913
47
89
135
157
163
177
180
"I"
6,262 $10, 435
9, 500 17, 813
10, 669 24, 208
17, 786 47, 085
$38, 882 15,065 50, 051
Total
20, 927
20,006
13, 864
9,552
22, 218
$38,121
44,068
32, 346
27, 785
77,465
2,399
57, 459
16, 893
31, 674
36, 932
29, 606
38, 562
56, 426
39, 635
12, 642
18, 812
28, 538
32, 562
35,192
45,043
41, 577
39, 523
51, 669
80,139
123,014
144, 541
170, 841
222, 664
214, 944
207, 466
1OO
97
95
108
91
63
1926
January—.
February..
March
April
11,191 67, 514
7,907 65, 319
15,431 104,113
14,981 87,895
7,245
5,256
7,033
5,277
94, 415
39,087
73, 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,G42
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
137
117
119
151
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
124,078
80, 704
73, 802
66,004
72,220
520, 707
523,011
501,380
574,046
57,140
54,186
33, 865
31,696
179
220
228
215
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
56,825
49, 837
46, 782
63, 357
90, 652
100, 512
49,122
118, 583
71,897
69, 316
68,049
61, 531
544,528
499,366
473, 700
520,107
20, 760
43,384
34,972
13, 725
221
200
210
162
10,037
14, 712
12,259
77, 829
65.937
106,925
78,084
3,721
4,237
6,239
9,187
27,134
40, 381
47, 560
40,032
29, 757
31,025
47, 938
47, 731
160,029
158,004
240, 312
259, 841
2,329
2,967
5,475
4,515
16, 675
21, 842
35, 413
34, 326
3,266
4,760
7,569
5,582
31, 625
45, 765
63,948
58, 227
53,638
49, 358
101, 717
113,246
50, 568
52, 348
82,827
79, 722
381, 286
595, 874
583, 766
16,772
19, 517
17,466
38,582
129
121
135
166
12, 499
12, 395
12,485
10,880
69,183
82, 543
81,130
73, 698
6,062
5,541
5,484
5,839
42, 869
32, 985
29,043
40, 047
38, 228
42,038
34,803
39,354
212, 500
233,193
180,840
201, 743
5,136
5,374
5,207
5,784
33, 655
40, 568
35,006
40,144
7, 957
8,465
6,465
7,310
67, 334
75,479
52,326
61, 951
105,220
147, 343
135, 581
117,053
70, 580
75, 231
65,182
530, 762
612, 111
513,926
534,639
46, 758
52,229
50,881
29,881
197
212
221
238
September
October
November
9,723
11,821
|
7,451
I 9,082"
5,453
5,544
6,382
4,406
48,052
50,370
49, 203
27,938
38,046
45,608
41,002
38,747
196, 501
236,870
207,308
202, 447
4,114
4,103
4,477
3,582
28,344
29, 699
30,642
22,480
6,810
6,393
6,014
4,381
52,
48,
45,
35,
123,254
105, 932
68, 716
90,194
64,858
73, 765
66, 560
December
56.938
77, 726
41,893
85,286
505,830
549,152
443, 506
464,167
32,788
47,135
30,260
36,682
236
222
215
162
1927
January...
February_
March
April
May....
June
July.-..
August..
742
555
744
823
1928
January.._
February _
March
April
May.
June.
1 Compiled by the F. W. Dodge Corporation from reports covering contracts awarded in small towns and rural districts as well as large cities. The data shown on this
page include figures from 36 States, all except Washington, Idaho, Montana, Oregon, Utah, Wyoming, Nevada, California, Arizona, New Mexico, and parts of Kansas and
Nebraska, comprising about seven-eighths of the total building contracts in the United States. Prior to 1923, figures for Colorado, Texas, Oklahoma, Arkansas, Louisiana,
Mississippi, Alabama, Florida, and Georgia were not compiled, and the totals for those years for 27 States have been prorated to thefiguresshown above by applying to
the 1923 totals for 36 States the percentage changes from year to year for the 27 States. The original areafiguresfor the years 1915 to 1918, inclusive, used in these calculations, were estimates by the F. W. Dodge Corporation. Data giving monthlyfiguresfor 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 semipubiic building group into
various classes, shown separately in the August, 1923, issue (No. 24), pp. 94 to 97, and also present military and naval and miscellaneous classifications, which are here>
included only in the grand total.
2 Canadian building contracts furnished by McLean Building Reports (Ltd.); monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 46.
s Compiled by the Associated General Contractors of America to show actual installations in construction as contrasted with contracts let. The index is a simple average
of structural steel bookings, common-brick bookings, Portland cement shipments, loadings of sand, gravel, and stone, shipments of face brick and shipments of enameled
http://fraser.stlouisfed.org/
sanitary ware. To allow for lag between the factory and the job, the index computed from these data for a particular month is shown as the construction installation
Federal Reserve
Bank
of St. Louis
index for
the following
month. Monthly data since the beginning of 1921 were siven in the Mav. 1927. issue (No. 69~h r>. 22.
68
Table 45.—YELLOW PINE AND DOUGLAS FIR LUMBER
NORTH
CAROLINA
PINE 2
SOUTHERN PINE i
YEAR AND MONTH
Production
ShipNew
ments orders
Stocks,
end of
month
Exports a
Price,
Lum- Tim- flooring 1
ber
ber
Dolls.
Mft.
b. m.
Thousands of feet, board measure
1913 mo. av
1914 mo av
1915 mo av
1916 mo. av
1917 mo. av
19/18 mo. av
1919 mo. av
34,627
24,109
13,674
13, 933
10, 069
2,991
12, 849
$23.04
21.37
20.29
22.64
31.54
33.76
55.00
34, 230
423,529
368,307
380, 532
441,903
399,160
379, 701
446,405
354, 287
376, 070
1, 371, 652
1,116, 259
937, 748
1927 mo. av
358, 031
375, 438
431, 633
450,165
453, 376
473,336
447,857
431,130
330, 229
394, 812
430, 673
458, 971
459, 483
471, 843
452, 646
427, 991
306, 559
399, 677
451, 395
451, 944
463, 763
474, 291
445, 749
436, 772
1,187,587
1, 211,174
1,177, 627
1,086, 042
1, 099, 374
1,162, 665
1,106, 661
1,217,134
53,096
36, 061
39, 522
54, 368
55, 827
57, 678
48,465
59, 287
11, 245
7,228
12, 616
14, 237
14,563
12,866
1,668
312
74.53
35.98
45.46
47.70
41.89
46.49
45.11
38.48
1926
September
October
November
December
448, 293
441, 419
427,430
436, 869
458, 749
457, 297
426,171
345, 865
445, 502
431,254
362, 275
337, 200
1,052,000
1, 045, 688
1,065, 538
1,164, 232
41,951
49,122
47, 531
58,692
71
162
58
74
1927
January
February
March
April
422, 022
403,807
444,469
412,472
382, 751
361,403
452,940
438,466
426, 558
402,162
459,862
433,287
1, 219, 779
1,252,224
1,239,474
1,205,135
64, 492
46,648
51,244
80,305
August
439, 870
426,123
413, 634
455, 796
460,588
405, 744
399, 064
473, 029
463,831
407,970
388, 511
487, 599
1,218, 391
1, 208,417
1,255,002
1, 220, 663
September
October
November
December
457,
438,
439,
419,
477,046
446,696
442,920
395, 239
483, 097
453,811
436, 385
398,192
1,193, 268
1,190,112
1,194,404
1, 207, 534
May
June
July
__
--
587
708
773
297
Production s
Exports «
ShipNew
ments h orders 5 L u m - Timber
ber
Thousands of feet, board measure
270
325
353
263
369
993
481
82,
52,
38,
40,
27,
24,
36,
1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
Pro- Shipduc- ments
tion
DOUGLAS FIR
Wholesale price *
No. t, Floorcoming
mon
Dolls. M ft. b. m.
$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
35.65
32,107
349, 510
376, 882
373, 263
322,157
364, 646
355, 358
56,203
46,848
23, 299
23, 240
23, 647
22, 700
25, 095
33,514
30,164
52, 543
48, 257
49,144
54,188
49, 474
51,154
29, 791
29, 052
52,496
48, 539
49, 337
51, 558
48, 901
51,138
380, 351
297, 738
435, 673
508, 789
488, 831
543, 966
526,844
497, 673
334,
298,
409,
515,
497,
558,
529,
489,
088
318
871
805
468
763
37, 602
37, 936
51, 225
43,165
51,877
50,659
57, 927
57,155
14, 371
31,479
40,427
28,897
46, 314
43,324
29.92
11.83
15.25
19.42
17.25
17.25
16.48
16.29
42.88
43.54
43.02
41.31
48, 524
53, 711
50,050
48, 797
47,
54,
47,
45,
670
019
271
367
525,091
564,036
503, 603
419,893
512, 556
517, 928
457,943
405,121
528,224
511,661
512, 556
401,987
67, 380
25,137
63,801
47, 794
50,983
32,708
56,042
46,442
16.49
17.16
16.23
16.89
38.23
37.91
37.41
36.24
261
1,071
89
389
40.81
40.04
39.66
39.56
47, 712
55,013
48, 755
49,462
47, 054
57,967
47,838
51,191
410,045
510, 766
511,213
484,355
411,836
485,698
510,766
565,827
458, 839
516,138
546,130
548,368
48,025
53,944
47, 720
46,699
26, 449
22,994
39,294
45,003
16.43
17.19
16.80
17.24
36.06
35.92
35.99
35.81
63, 216
73, 035
72,334
66, 790
311
131
498
210
39.32
38.96
38.31
37.68
50, 204
47,649
50,190
53,781
50v 918
50, 001
48, 727
52,934
532, 253
510, 319
468, 240
529,120
548, 369
551,950
499, 575
521,958
553, 741
502, 709
489, 727
519,719
59,973
68,544
52,837
65,121
56,865
47,495
58,441
48,864
16.56
16.34
16.51
16.51
35.69
35.77
35.88
35.83
48,260
48, 637
43, 550
52, 930
179
113
183
308
37.49
37.98
36.42
35.54
52,129
57,295
53, 522
48,139
52, 234
56,133
50,813
47,845
542,102
538,968
497, 337
437,352
492, 860
491, 070
411, 389
386,768
487,936
464, 211
452,124
397, 511
73, 717
56, 204
61,999
51,072
64,781
15, 498
47, 711
46,492
16.39
15.17
15.48
14.80
35.83
35.47
35.08
34.50
915
506
224
951
747
067
828
839
416,
510,
509,
562,
536,
494,
1928
January
February
March
June
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 industry
the resulting figures are equivalent to the actual production, shipments, and orders of the 192 identical mills, and hence a fair sample of the industry. The same procedure
is followed for stocks except that normal in this case is 1,262,450,326 feet,' the average stocks during 16 months ending April, 1916. The figures are based on actual reports
from about 180 mills on production, shipments, and stocks and from about 145 mills on orders. Monthly data for 1921 and 1922 appeared on page 59 of the October, 1923,
issue2 (No. 26). Monthly data 1917 to 1920 appeared in April, 1923, issue (No. 20), p. 49.
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), p. 56. Lumber exports comprise boards, planks, and scantlings, rough and dressed, and exclude short-leaf
pine and all other not long-leaf or pitch pine. Timber exports include both treated and untreated, sawed, and exclude logs and round timber.
* 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.
8 The figures of production, shipments, and orders of Douglas fir were obtained by applying the percentage figures of actual production, shipments, and orders to normal
production of reporting mills as supplied by the West Coast Lumbermen's Association to the actual production of 124 mills for May, 1920. The production in that month
was 447,647,540 board feet and has averaged about 75 per cent of the total production of Douglas fir lumber in the United States. Monthly production data for the period
1917-1921
appeared in the December, 1922, issue (No. 16), p. 49.
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.
69
Table 46.—MISCELLANEOUS SOFTWOODS
CALIFORNIA3 WHITE
PINE
WESTERN PINE i
YEAR AND MONTH
Production
Shipments
Stocks,
end of
month
Production
Ship- Stocks,
end of
ments month
Lumber
Production
Lath
Ship- New Proments orders duction
av_._
av.__.
av
av
av
109,357
113, 424
113, 794
134, 467
74, 437
110,423
97, 784
109, 032
110, 697
76,840
881,924
1, 063, 658
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av
1926 monthly av
1927 monthly av____
120,
145,
137,
150,
144,
130,
689
916
661
988
094
096
128, 606
129,140
135, 251
138,820
148, 538
136, 328
857,812
914, 376
1,033,833
983,967
1,136,101
1. 061, 429
66, 387
101,876
96, 061
116, 576
123, 717
45,
61,
76,
106,
113,
784
972
765
570
582
1926
January
February
March
April
82, 765
95,217
151,165
164, 256
120, 095
125, 251
152,165
144,836
1,120, 036
1, 099, 644
1, 094, 268
1, 081,820
47, 839
53, 978
96,129
148, 662
August
179,
180,
175,
175,
144,
154,
172,
186,
1,145,
1,170,
1,180,
1,165,
787
478
321
752
September
October
November
December
157,977
153, 716
125,685
88,122
175, 618
162, 282
130, 469
112,917
1927
January
February
March _
ApriL.
69,113
80, 234
117, 722
154, 742
52, 561
48, 263
58, 368
39,110
31,900
37, 284
36, 037
29,114
265,113
287, 645
267, 276
370, 303
40, 273
34, 204
50,139
27, 768
382, 216
494,177
568, 840
567, 021
601, 215
44, 512
47, 739
42, 959
46, 599
40,687
40, 537
48, 357
44, 063
44, 621
45, 204
45,163
37, 643
111, 987
91, 759
115, 576
123, 666
573, 264
540, 585
485, 007
521,153
35,825
31, 546
36, 742
45, 493
161, 382
169, 420
154, 409
171,168
117,
133,
123,
127,
601
923
414
671
521, 237
605,169
606, 335
659, 098
43,
51,
51,
45,
1,154,950
1,150, 089
1,142, 636
1,127, 426
160, 740
138, 768
100,885
81, 226
126, 708
109,915
91, 472
89, 293
679,154
659,171
674, 249
690,157
40,
52,
25,
27,
114,579
117,193
143, 711
156, 237
1, 069,835
1,036, 454
1, 014, 062
1,056, 021
55,821
44, 247
44, 323
57, 305
75, 706
73,874
105, 261
100,206
591,017
560, 748
522, 422
477,411
August
160,121
172,088
156, 524
169,338
146, 741
144, 557
132,122
150,979
1,027,541
1,050, 042
1, 073, 739
1,095, 370
114,984
150,098
139,651
159,670
106, 470
115,056
109,760
122,064
September
October
November
December
145,101
134,691
118, 704
82, 773
150,768
153,019
124, 083
101, 947
1,089,500
1, 069,825
1,068,630
1,086,130
150,088
122,029
92, 762
119,652
123, 538
92,568
May
June
July
_
-.
May
June
_
July
111
746
363
005
653
785
648
740
Shipments
Pro- Shipduc- ments
tion
Thousands
Thousands of feet, board measure
1917 monthly
1918 monthly
1919 monthly
1920 monthly
1921 monthly
NORTHERN
HEMLOCK '
NORTHERN PINE 3
CALIFORNIA
REDWOOD «
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,
36,
44,
39,
460
404
243
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
38, 423
44, 406
41,127
41,110
34,262
12, 574
13, 290
10, 825
12,110
10, 527
9,908
11, 097
12, 292
11, 796
9,550
10, 735
10,081
23, 483
26, 059
20,416
21,166
17, 477
26,
25,
18,
18,
19,
083
351
920
082
040
49, 035
53,240
48,136
43,294
42, 326
40, 610
44,010
49,268
37, 583
38, 785
39,165
42,299_
47,805
46,861
38,129
38, 391
42, 371
42, 993
40,933
39,043
43, 260
46, 732
41, 399
36,128
42, 000
41,874
9,246
8,282
8,791
10, 076
8,690
8,148
13, 599
9,570
16,
16,
17,
16,
301
633
727
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
493
571
549
528
47, 351
51,972
56, 490
49,890
46,170
50, 690
46, 783
50, 389
9, 950
15, 728
15, 944
13,127
11, 444
18, 348
13, 422
16,942
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,
40,
37,
49,
687
448
702
418
46,352
42, 530
34,135
45,978
859
296
649
693
48, 323
50, 396
39, 452
28,115
46,
41,
24,
25,
204
460
677
550
10, 029
13, 050
5,729
6,372
9,846
9,796
4,342
4,668
23, 219
15, 024
15,504
13, 602
22,109
19, 500
17, 797
12, 756
35, 749
40, 463
49,906
30,852
33, 639
39, 742
47,116
24,043
33, 516
49,886
46, 259
32,014
32,493
35,127
31,109
42, 302
30,
33,
38,
41,
557
603
777
353
29,184
32,393
33,908
44, 555
7,251
7,338
6,532
9,866
6,261
7,795
7,875
9,675
19,811
21,854
17,820
16,159
14,474
15, 773
21, 462
22, 278
32,099
32, 511
42,418
34,199
35,851
37, 061
51,273
44,278
42,600
40,121
59,952
47, 394
482, 405
551, 687
567, 809
603,451
47,379
55, 502
46,359
51,054
43, 401
45,188
40,433
42,501
44, 451
35, 045
39, 203
36,884
13,194
15, 722
13,090
14, 272
13,634
14,758
15,229
15, 612
16,931
14, 899
15, 395
21, 369
23,922
24, 772
21,324
22,693
44,692
37, 802
35,177
53,977
56, 527
41,970
36,055
53,022
55,619
51, 766
35,147
42,373
629,284
623,671
624, 651
46,852
41,148
32,815
24,300
39,195
39,175
32,857
24,680
32,098
33, 698
27, 569
22,156
11,979
9,034
6,144
4,472
11,819
7,941
5,377
3,994
14, 277
9,188
11, 026
19,187
17,914
14, 261
42,343
43,142
52,925
36, 029
41,418
42,676
40, 578
26,882
39,680
36,492
41, 376
23,398
1928
January
February
March
April _
_ __
May
June
1
Compiled by the Western Pine Manufacturers' Association, the actual data being computed to comparative bases through percentages of normal, production for the
mills reporting in each period. The normal'monthly production covers 54 mills with output of 148,000,000 board feet in the earlier years, gradually reduced to 42 mills with
normal output of 136,800,000 feet in 1925, and is estimated to represent 70 per cent of the output of the western pine territory through 1925 and thereafter 74 per cent, owing
to the
decrease of the total number of mills in business. 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—from 15 to 17 reported in 1925 and from 11 to 14 in 1927. Monthly data on production and shipments from 1920 appeared in
September,
1922, issue (No. 13), p. 48.
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.
fi The California Redwood Association has furnished to the Bureau of the Census the figures on the actual production, shipments, and orders received by 7 identical
mills for each month of 1918, 1919, and 1920. These 7 mills represent 40 per cent of the capacity of all listed mills for these years. For the first 4 months of 1921 reports
were furnished from 10 mills representing 56^ per cent of the capacity of all listed mills. For the remaining months of 1921 reports are available from 11 mills representing
71 per cent of the total listed capacity, for 1922 to 1924 from 14 mills representing 73 per cent, for 1925 and 1926 from 15 mills representing 79 per cent, and in 1927 from 16
mills representing 83 per cent of the total listed capacity. The actual average monthly production of the 7 reporting mills for 1918 was 14,984,000 feet. On the basis of
40 per cent capacity, the 1918 average monthly production of all mills is computed as 37,460,000 feet. Regarding this as normal production, there has been computed the
probable production of the total redwood capacity based on the proportion which capacity of the reporting mills bears to the total of all mills, and in 1925 this computed
production was about 2 per cent larger than the total reported by the census of manufactures. The columns on shipments and orders received represent a similar relationbetween the actual reported figures and the total capacity of all mills.
Digitized forship
FRASER
70
Table 47.—HARDWOODS
ALL H A R D W O O D S
Total stocks l
U m old stocks
1
WALNUT 3
Unfilled orders!
i
Y E A R AND
MONTH
Total
hard- G u m
woods
Oak
Total
hard- G u m
woods
Oak
Total
hard- G u m Oak
woods
ucti
aputc
©«
73 §
h
Logs
Lumber
d A
S r*
eg
©8
M feet, log measure
Thousands of feet, board measure
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
1,807 1,927
145,024 173,012 392,818,* 111,097 * 143,854 134,608 * 47,020 * 39,530
2,538 2,391
174,425 191,628 434,137(5 134,413 a 150,528 139,712j5 48,029i« 45,952J
3, 529 3, 144
234,025 245,086 616,003; 182,308 197,030 170,17?! 57,645| 54,063! 72,000 5 87,000 94,000 3,830 3,477
227, 226 264, 850| 645,836J 166,265 210,536 216,651 71,522! 69,372 88,000 89,000 91,000 2, 763 3,220
80, 000 82, 000 84, 000 2,962 2,897
10,214;
8,153-« 2,111 5 4,207
11, 463 j 3,359 5,652
19,282| 3,352 7, 332
15,552 3,125 7,500
11,578 2,899 7,388
775,695
I 796,324
802,349
781,610
241, 714J
241, 912
242, 377
231, 784
251,129;
253, 228;
252,1
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
4,132
56, 749| 49,957
3,589
53,542 47,226
52,736! 57,236 74,000 73,000 83,000 3,873
58,245! 56,862 72,000 86,000 91,000 3,491
3,029
3,119
2,9401
3,237
19,332
19,515
20,736J
20,898;
i
2,593
2,414
3,421
3,282
6,140 3,552 3, 496 4, 734
5,723 2,921 3, 261 4, 374
761,818
783,401
788,180
j 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
170,7
168, 829
172, 966
178,850
193,980
195, 297
204,024
176,217
188,400
207, 561
204,077
60,712
67,143
72,354
68,188
56,688
55,712
61,572
63,312
78,000
73,000
65,000
68,000
83,000 96,000
93,000 98,000
96,000 107,000
92,000 90,000
3,363
3,243
2,979
4,229
3,287|
3,
3,813
3,870
20,688;
20,858|
20,024|
19,831
3,102
3,599
5,065
3,469
6,424
7,277
8,384
7,912
2,897
1,842
2,121
2,430
2, 879 44, 770:
2,378 3,930 ;
2,361 4,000 |
3,281 2,569
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, 2C2J
184, 817
192,072'
204, 771
216,186
208, 965
193,150
68,190
74,488j
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
3,624
3,627
4,011
3,143
19,071
18,010
17,473
17,368
3,673
2,
4,245
2,922
7,820
7,367
7,830
7,577
2,076
2,559
2, 781
2,597
2,073 1,208
2,393)1,485
2, 821'1,388
2,472^1,513
229,017 258, 404 636, 253 175, 453 198, 839 202, 383 69, 200 67, 212 85,000 82,000 87,000 2,787 2,778
820, 714 235, 525 259, 965 640, 93' 175,186 199, 732 210, 850 73, 617 68, 836 95,000 84,000 92,000 3,043| 3,074
819,196 232, 729 269, 228 641, 713 166, 894 210, 390 206, 584 73,191 67,198 94, 000 91, 000 92,000 2,134| 3,05'
824,
223, 865 273, 426 642, 551 165,011 215,312 207, 76 70, 279 63, 942 94,000 97, 000 93,000 2, 610J 3,022
16, 974
16,992
15, 463
15,046
2,
2,
3,101
3, 35?
7,181
6,930
7,418
8,027
3,380
3, 417]
2,399
2,361
2,6302,151
2,803 2,961
2,168 3,193
2,439 3,093
13,930
12, 503
11, 591
12, 202
3,547
1, 991 2,619 2,237
2,920 7,521 1,833 2,1431,941
2,737 7,039 2,273 2, 335i, 754
2,543 6,789 2,462 2,3571,907
av_
av_ 492,159
av_ 5 555,276
av_ 763, 235
av_ 831, 563
av_
1925
May
June
July
August....
September
j October_..
| November
December
1926
January
February
March..
ApriL...
May
June
July___.
August-
1,460
2,410
2, 641
2,958
2,511
2,939
1,327 2,087 !
2,114|3,282 |
2, 727i3,106 I
3,01l|4,158 I
2,433 2,069 '
2,645 2,018
6,143
2, 656 4
6,698 2,637 2, 637 4, 59<
I
765,431
783,215
769,992
790,558
1 807, 583
September
October
November
December
893,104
884, 608
897,818
921,875
222, 502
224,1
231,160
242, 602
301, 830
301,135
308,099
315, 826
163,108
164, 309
168, 703
176, 443
230, 752
227, 982
235, 911
255, 457
233,189,
242,254!
239,059
234,651
69,822 76,661 94, 000 93,000 105,000
000 101,000100,000
73,184j 82,185:
76,790 79,739 90, 000 91,000 92,000
78,594 67,841 82, 000 79,000 74,000
2,640j
2,320!
2,378|
2,996i
2,806
3,688
3,310
2,502
1927
January
February-_
March
April
898,
862,
862,
802,
606
624
428
761
238, 364
228, 621
225, 823
200,180
304, 723
168, 645
304, 766 663,146 162, 053
303, 719 661, 711 159, 759
290, 994 617, 375 142, 647
252,811
242,949
241, 518
229,171
232,338
230, 731
234,933
219,108
83, 627
79, 605
81,904
72,069
59,143
68, 816
68, 633
69,044
84,000
84,000
83,000
62,000
84,000
94,000
92,000
85,000
90,000
),000
100,
94,000
89,000
2,417
2,606
3,319
2,547
2,809 11,810 3,621 7,591 2,441
3,303 11,103 2,564 7, 574 2,117
3,115 11,291 3,736 7,279 2,858
2,745 11,093 2,978 8,243 2,285
2,088 2, 260
2, 36111,927 i
2,738 2,047 j
2,176 1, 918 j
May
June
July.....
August.
770,46'
758, 206
801, 223
843, 886
191, 549
196, 277
212,043
221,167
276, 704
270, 266
284,908
308, 723
595, 295
591, 505
633, 359
664, 677
215, 629
212, 383
222, 997
242, 208
206, 994
197, 092
196, 905
210, 432
65, 237
61,124
61, 634
66, 409
67, 964
63, 934
67, 836
72, 736
59, 000
69,000
77, 000
94, 000
89,000
80,000
73, 000
79, 000
88,000
68, 000
71, 000
85, 000
2,717
3,127
2, 967
3,314
2,884
2,987
2,661
3,127
10,915
11, 023
11, 436
11,498
3,042
2,654
3,060
2,461
2,476 2,882
2, 883 3, 083
2, 583:3, 316
2, 9373, 687
September
October
November
December
853, 948 231, 300 313,817 683, 762 179, 246 257, 604 196, 757 64, 384 62, 011 96, 000 82, 000 85, 000 3,000 2,798
873, 696 237, 395 318,944 697,:
180,1
259, 794 204, 701 68, 494 65, 499 93, 000 83, 000 87, 000 2,921 2,96:
889, 772 241,8
321, 900 705, 678 184, 015 259,053 214, 616 70, 282 68, 699 87, 000 77, 000 79, 000 3,234 2,824
75, 000 69, 000 76, 000 3,376 2,548
11, 796
11, 739
12,149
13,037
3,046 7,364 3,773 2, 995'3, 465
2,335 6,982 2,549 2, 814J3,166
3,127 6,282 3,515 3.03513,646
2,158 5,395 2,709 2,656-3,615
1928
January
February
March
April.
685,439
673, 856
690, 785
718,373
139, 531
147, 245
164,185
170, 437
8,114
8,061
8,249
7,522
3,440
3,184
3,083
3,308
I
May.
June.
1 Compiled from reports of the Hardwood Manufacturers' Institute, covering hardwood mills throughout the country; further details as to sizes, species, and geographical
distribution are given in the regular reports of the institute. The figures are all given as of the end of the month reported (original data being given as of the first of the
following month). Collection of these data was not undertaken from Deoember, 1923, through June, 1924. From July through October, 1924, the number of production
units reporting on stocks and unfilled orders is considerably less than in the other months, ranging from 116 in July to 157 in October, but in most other months about 200
units reported. A single band mill is considered one unit of production.
2 Data on production, shipments, and new orders are reported by from 100 to 135 units each week to the Hardwood 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.
3 Compiled by American Walnut Manufacturers' Association from reports of 11 mills which represented 65 per cent of the output of walnut lumber in 1925, according
to the census of manufactures. Monthly data on new orders and unfilled orders since July, 1923, were given in the April, 1927, issue (No. 68), p. 25. Details by grades
and sizes are given in the association's reports.
* Seven months' average, May through November, inclusive.
* Six months' average, July to December, inclusive.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
71
Table 48.—TOTAL LUMBER AND FLOORING
LUMBER—ALL SPECIES
Retail yards, 9th
Fed. Res. Dist.«
YEAR AND
MONTH
Produc- Exports 4
tion s
MAPLE FLOORING i
OAK FLOORING *
Composite
prices 6
Unfilled
Unfilled
Pro- Ship- Stocks,
New orders, Pro- Ship- Stocks,
New orders,
end of orders
end of orders
end of duction ments month
end of
duction ments month
month
month
Stocks, Hard- SoftSales end
mo, woods woods
T h o u s a n d s of feet, b o a r d m e a s u r e
1909-13 m. a.
1913 mo. av.
1914 mo. av
1915 mo. av.
1916 mo. av.
1917 mo. av.
1918 mo. av.
2,197,334
2,102, 537
2,086, 531
2,262,175
2,141,144
1, 874, 419
178, 398
216, 037
149,146
93, 947
91, 208
84,971
85, 314
1919 mo. av.
1920 mo. av.
1921 mo. av.
1922 mo. av.
1923 mo. av.
1924 mo. av_
1925 mo. av_
1926 mo. av.
1927 mo. av.
2,069, 522
2,059,875
1, 762, 264
2, 270,967
2,495, 261
2,418, 838
2,625, 942
2,460,026
2,323, 832
109, 268 7 $30,995
129, 280
16, 786
100,401
13,838
127, 743
15,496
146,071
14, 651
161, 500
13,403
161, 687
17,187
161, 714
13, 688
12, 837
1926
May.
June.
July
August.
2, 677,098
2,582,349
2,443, 684
2,413,655
173,466
178,197
142,895
156,875
September. _
October
November. _
December.-.
2,491,
2,468,
2,279,
2,108,
837
949
825
796
D oils, per M ft.,
board measure
Thousands of feet, board measure
1
7
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
41.56
41.13
$48.98
27.42
30.79
33.86
30.95
30.71
30.57
29.19
10,039
10,383
8,378
11, 479
11, 734
8,603
8,828
9,350
9,402
11,848
8,259
8,121
11, 934
11,805
7,865
8,428
9,195
9,273
15,448
15,963
30, 749
28, 040
21, 268
23, 880
26, 979
28,436
27, 480
14,163
5,106
8,991
12,194
11,085
8,085
8,360
9,806
7,255
38, 289
26, 723
10,176
20, 311
26,804
12, 347
10,117
10, 556
9,384
10,101
10, 745
12, 411
22, 877
30,103
34,843
43,167
44,421
37, 644
11,070
7,800
13, 595
23, 945
28, 878
35,306
42,825
41,923
36, 859
14, 431
25,859
32, 875
23,006
33,609
43, 773
47,104
57, 443
65, 891
11, 782
6,343
14, 058
23, 723
28, 313
35,900
42,435
40,194
36, 271
15,035
11, 324
12,003
33, 052
44, 258
46, 562
52,031
41,728
36,075
106, 642
104, 699
93, 963
100,923
41.70
41.61
39.95
39.95
31.46
30.22
30.21
29.93
8,283
8,624
, 8,329
9,923
8,074
9,334
10,414
12,314
31,689
30, 290
28, 557
25, 282
7,443
9,949
8,963
13, 346
8,920
9,317
8,755
12, 888
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,
41,
39,
43,
13, 380
16,050
12, 001
4,543
83,863
78,477
73, 666
76,242
40.96
40.93
41.15
41.15
29.90
30.28
29.98
29.78
289
319
619
085
11,448
10,034
8,494
8,244
24,
24,
26,
27,
822
876
309
721
9,914
7,651
7,652
7,907
12, 542
11,127
10, 576
9,706
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
215, 564
203,175
153,155
126, 744
127, 719
111, 606
111, 258
95,002
94,451
17,963
21,340
19, 855
20, 083
163, 301
121,116
164, 263
166,080
10,
10,
10,
10,
513
744
260
329
1927
January
February
March
April
2,
2,
2,
2,
098, 788
216, 344
378, 995
268,148
178,697
153, 607
153, 700
188,014
6,134
6,061
9,824
13,809
100,202
103,928
105,096
106,152
41.11
41.08
40.80
40.65
29.74
21.76
30.26
30.52
9,842
8,888
9,589
8,141
7,880
8,085
9,363
10, 022
29,034
29, 710
30, 367
28,154
6,587
6,405
8,120
9,103
6,224
6,847
9,300
10,856
35, 215
35, 601
39,917
35, 697
31,929
34, 925
42, 535
40,970
70, 629
70,090
67,833
62,196
37, 497
39,133
44, 609
45, 763
41,061
45, 275
47, 975
51, 623
May
__,.
June
July.
August
2,452,123
2,411, 509
2,283,442
2,576,986
192, 997
213, 464
191,145
191, 764
15, 619
19, 997
18,154
16,618
106,879
103,713
102, 260
87,656
41.96
42.47
42.59
42.40
30.65
30.65
30.57
29.49
8,282
10,101
9,691
11, 557
11, 921
11, 526
9,536
10,939
25, 055
25,061
26,146
26,338
11, 785
5,310
4,044
7,344
13, 238
11, 634
9,083
11,027
40, 380
42, 522
38,435
40, 426
49,034
37,132
30,155
38,932
51, 430
58,276
66,102
66, 253
48,424
22,707
21, 699
36,139
52, 315
37,983
29,773
27,036
September. _
October
November..
December...
2,487, 733
2,369, 811
2, 275, 479
2, 066, 620
188, 579
171, 074
167,986
168, 289
14,435
16,247
12, 554
4,592
86,248
80,397
74,658
76, 224
41.64
40.02
39.04
39.74
29.74
31.77
28.29
26.84
10,283
10,558
8,073
7,820
9,843
8,124
7,238
6,797
25,921
26,837
27, 610
29, 527
7,748
7,493
6,233
6,883
9,619
8,202
7,843
8,736
39,498
38, 540
33,389
32,113
38,084
38,349
30,998
29, 266
66,416
67, 244
69,449
74,773
37,430
35, 716
31, 425
34,715
25,127
22, 674
24,080
27,887
1928
January
February
March
April
May
June
1
i
1 Data on maple flooring (including also birch and beech) are compiled by the Maple Flooring Manufacturers' Association, said to represent about 70 per cent of the industry. The data for the period 1919-1922 include reports from 20 identical mills; in 1923, 21 mills; in 1924, 18 mills; in 1925, 19 mills; in 1926 and 1927, from 20 to 22 mills.
Monthly
data from 1920 appeared in July, 1922, issue (No. 11), p. 43.
2
Compiled by the Oak Flooring Manufacturers' Association from reports of 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 IT. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
« Data compiled by tfee Federal Reserve Bank of Minneapolis. Stocks represent the inventories of 19 companies retailing lumber through 588 yards in the Ninth Federal
Eeserve 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.
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.
7
Seven months' average, June to December, inclusive.
72
Table 49.—FURNITURE AND MISCELLANEOUS HARDWOODS
HOUSEHOLD
FURNITURE
AND CASE
GOODSi
PIANO BENCHES
AND
STOOLS 2
Shipments
YEAR AND MONTH
Unfilled
Unfilled
Ship- orders,
orders,
New
orders
end
ments
end
of mo. Value
of mo.
Quantity
FURNITURE—GRAND RAPIDS
DISTRICT 3
I,
l\
k
Number
of pieces
1919 monthly av
1920 monthly av
1921 monthly av.
1922 monthly av
1923 monthly av
1924
1925
1926
1927
$40,266 $128,088
23, 949
28, 812
29,833
45,005
37, 882
56, 317
monthly av
monthly av
monthly av
monthly av
36, 950
45, 742
51,161
46, 287
53,305
63,843
$13,281
11,317
7,125
9, 773
13, 767
$17, 225
13,160
4,433
6,960
11, 709
11, 658
12, 288
11,386
5,034
4,308
4,043
$12, 424
11, 357 s 12,465
6,427
10,149
9,168
13, 689
13, 719
16, 540
11, 743
12, 318
11,167
13, 969
14, 979
13, 829
==£
1
1
P
Value average per firm, dollars
NORTHERN
LOWER MICHIGAN
HARDWOODS <
HARDWOODS t
l\{
6 63
6 24
6 25
58
62
64
27
28
30
25
27
27
ft
o«
<.§
Production
Production
Shipments
Ship- Stocks,
end of
ments month
a
w
lil
Number days'
production
c
o
No. Perct. Per ct.
full
days' new
sales orders time
e 97. 3
32, 732
34, 206
27, 838
20, 500
37, 397
33, 328
27, 509
19, 067
34, 204
38, 852
11.3
11.2
13.5
96.8
97.5
100.0
33, 352
34, 404
29, 982
28, 533
29, 202
27, 668
6 58 6 15
57
57
53
M ft. b. m.
7,765
7,504
48,183
263
298
401
799
7,141
7,620
7,349
5,837
46, 546
47, 445
45, 375
58,070
• 1
1926
January
February
March
April
53,161
42, 207
57, 364
48, 486
79, 602
72, 763
58, 484
49, 344
13, 592
11, 086
10, 811
8,784
3,892
3,353
3,154
3,149
10, 997
10, 757
10, 916
8,782
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
54, 622
47,226
32, 696
33, 866
33, 301
30,249
May
June
July
August
__
42,941
41, 695
40,331
54, 218
50,130
48, 025
68,891
74, 240
9,256
8,332
8,231
10,101
2,592
1,897
2,511
3,408
9,443
9,878
7,604
9,017
11,690
11,153
9,979
11,875
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
8,491
7,733
6,216
5,531
7,143
7,098
8,302
8,109
61, 270
57, 373
55, 500
51,155
September
October
November _
December
63, 266
63, 560
58,183
48, 563
78,
72,
67,
46,
590
215
016
819
15, 524
16, 891
13, 557
10, 469
6,651
8,649
6,663
2,600
061
716
533
300
16, 600
18, 709
20, 474
17, 763
65
62
60
42
34
33
34
15
31
31
31
28
60
61
61
56
7.5
13.5
12.0
31.0
100
102
102
100
15, 653
13, 034
11, 394
15, 578
15, 399
29, 247
26,153
22, 227
5,757
5,556
5,092
7,047
8,059
8,448
7,124
7,815
44,
40,
29,
39,
1927
January
February
March
April
41, 957
49, 529
60, 207
46, 214
73, 694
65,131
47, 330
36, 952
8,427
8,580
7,837
8,129
3,490
2,921
2,286
2,004
7,259
8,255
8,428
7,935
9,347
10, 601
10, 670
10, 218
57
49
42
33
46
39
22
14
25
25
27
20
52
55
55
47
6.0
14.0
16.0
26.0
98
100
97.5
95.0
38, 053
40,162
52, 610
40, 625
25,178
28, 472
34, 848
27, 838
9,135
8,008
7,799
9,713
8,024
7,546
7, 413
7,484
40, 804
37, 409
35, 897
47,803
May
June
July .__
August
45, 042
39,115
47, 266
60, 508
43,125
41,574.
67, 595
70, 300
7,011
6,507
6,273
9,597
1,972
1,578
1,517
2,773
6,976
6,860
6,322
8,342
8,900
8,596
8,191
10, 879
42
53
55
53
29
29
25
25
17
17
23
27
44
43
50
55
10.0
7.5
10.5
9.0
95.0
96.5
89.0
98.0
28, 691
27, 939
21, 879
27, 077
26,919
29, 825
28, 347
29, 750
7,683
7,337
6,006
4,893
8,091
8,789
8,552
7,507
46, 375
44,656
43, 046
40, 552
53, 672
56, 270
54, 717
37, 546
10, 988
14, 395
12, 291
3,884
5,331
4,883
9,863
12, 935
12, 667
12, 469
17, 401
16, 661
50
41
45
30
24
35
29
30
28
58
58
59
7.5
11.0
13.0
99.0
100.0
99.0
18, 536
15,488
15,469
26,475
27, 623
24, 556
4,257
5,388
5,124
7,055
7,348
6,344
35, 491
33, 532
21, 350
_- - __ _„__
September
October
November
December _
1928
January
February
March
April
May-June
12,
14,
15,
14,
10,
10,
10,
10,
952
892
859
753
__
___
__.
__
1 Combined figures representing average shipments and unfilled orders per firm from reports of 50 identical firms of the National Association of Chair Manufacturers,
from 42 to 58 firms of the Southern Furniture Manufacturers' Association, and about 100 firms of the National Alliance of Furniture Manufacturers. Data from the National
Association of Chair Manufacturers were discontinued after May, 1925, while those of the National Alliance of Furniture Manufacturers were not collected from June through
September, 1925, and were discontinued after August, 1927, being replaced for shipments by data from about 50 firms collected by the W. H. Gehm Organization. On an
average per firm basis, the data are still quite comparable.
2 Compiled by the National Association of Piano Bench and Stool Manufacturers from concerns estimated to cover about 80 per cent of this industry. Reports are from
14 firms in July, 1917, gradually decreasing until 1923, since which time only 8 firms have reported. The figures are strictly comparable, however, as the 6 firms which
ceased reporting went out of this line of business. It should be noted that the items, new orders, unfilled orders, and shipments (values) are averages per firm, while shipments (quantities) are totals for reporting firms. Monthly data from 1917 to April, 1924, showing aggregates for all items appeared in the June, 1924, issue (No. 34), p . 57.
3 Compiled b y 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 beech. Annual averages from 1913 through 1918 appeared in the February, 1926,
issuefi (No. 54), p . 65.
6 months average, July to December, inclusive.
6
7 months' average, June to December, inclusive.
7 Compiled by the Lower Michigan Lumber Manufacturers from reports of from 11 to 13 mills operating in lower Michigan, except for November, 1925, when only 8 mills
reported. In many instances, fewer firms report on stocks than on the other items. About half of the hardwoods reported consist of maple.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
73
Table 50.—LUMBER PRODUCTS
ROTARYCUT
VENEER 2
PLYWOOD i
YEAR AND MONTH
New
orders
Shipments
Unfilled
orders,
Pur- ProducRetion
end of ceipts chases (rough)
•
month
Thousands of square feet
surface
Number of
carloads
* 4,463
3,595
4 4, 695
3,905
* 5, 781
4,646
6 192
4,571
5,512
4,933
4,534
4,974
4,832
5,214
5,848
6,628
7,518
7,657
6,947
251
3,763
4,232
3,401
3,301
3,938
4,341
4,721
4,189
5,972
6,130
5,349
4,278
May
June
July....
August-
2,609
3,605
3,696
3,824
3,678
3,936
3,406
3,456
3,824
3,443
4,437
4,708
September.
October
November.
December..
4,121
3,791
2,913
3,893
3,786
3,625
3,891
January. _.
February.
March
April
3,219
3,711
3,526
2,362
May
June
July....
AugustSeptember .
October
November.
December..
1925 monthly average.
1926 monthly average.
1927 monthly average.
CIRCLED HEADINGS FOR WOODEN BARRELS 3
Shipments
(finished
New
orders
(finished
sets)
Unfilled
orders,
end of
month
(finished
sets)
Stocks
on hand,
end of
month i
(rough)
Sets
«294, 768
707, 426
708,808
6 711, 687
738, 341
749,231
«473,988
675,812
523, 495
«1, 235, 610
1,662,681
1,376,029
8 2,402,466
2,459,913
3, 278,661
346,430
835, 810
680, 200
619,050
617, 514
383,603
420,847
1, 388,971
1,298,810
1,019,048
2,730,882
2,151, 515
2,325,000
222
146
214
126
205, 738
358, 733
451, 868
332,551
591,912
632, 542
596,824
492,072
371,689
431, 569
308,803
504,087
1,023,457
970,130
987, 222
1, 237,374
1,475,275
1,794,937
1,853,125
1,411,589
182
208
172
172
138
344
227
248
395, 583
790,622
997, 792
1, 213, 395
581,809
813,932
814, 754
916, 242
675,166
699,165
847, 249
653,905
1,446,864
1,853,831
1,832, 283
1, 711, 747
2,074,040
2,676,208
2,578,671
3,070,079
4,672
4,807
4,548
3,579
251
184
214
151
220
111
231
82
1,403,392
862,800
752,557
724,085
895,528
965,924
697,679
860, 875
1,293,273
1,159, 314
534, 616
630,909
2,184,084
2, 753, 279
2,577,303
1, 374, 598
3,545,455
2,993,355
3,069,088
2,977,129
3,348
2,991
3,373
2,370
3,591
3,587
3,814
3,182
116
70
100
84
59
72
90
84
508, 827
739,936
965,163
854,926
617,160
782,564
779,871
596,346
568,835
523,066
250,939
282,009
1,993,216
1,812,076
1,072, 794
1,166,942
2,924,016
3,035,957
3,309,362
3,278,677
3,426
2,577
2,251
2,890
2,136
2,519
2,134
2,616
3,290
3,197
3,059
3,162
100
90
83
122
127
85
116
162
338,029
43f. 505
1,281, 528
855,308
452,978
786, 607
1,143,909
805,059
460, 217
938,347
630, 744
413,443
1,166,943
1,287,654
1,637,984
1,923,653
3,460,562
3, 264, 706
3,273,312
3,169,910
3,415
2,773
2,245
3,310
3,516
3,424
3,767
3,502
2,765
112
101
102
94
105
79
96
86
707,207
480,438
753,053
585,774
703, 532
831,402
871, 742
619,607
542,291
746,657
226,918
698,474
1,131, 618
1,175, 241
1,064, 723
1,079,508
3,821, 508
192
97
1935
September.
October
November.
December. .
January. __
February.
March
April
233,
600
304,
274
1936
1927
January...
February.
March
April.
3,203,704
3,205,147
1938
MayJune.
1 Compiled by the Plywood Manufacturers' Association from reports of 18 to 20 members in 1925,16 to 17 in 1926, and 13 to 16 in 1927. These data represent the business
of building up veneers into plywood of from 3 to 8 thicknesses. Details as to kinds of wood and nature of cores are shown in the association's report.
2 Compiled by prorating the weekly reports of the Wirebound Box Manufacturer's Association from 10 or 11 members, estimated to represent about 80 per cent of the industry, 3concerning 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.
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 thefinishedsets. Stocks include both sold and unsold goods.
* Nine months' average, April to December, inclusive.
« Three months' average, October to December, inclusive.
• Eight months' average, May to December, inclusive.
74
Table 51.—GLASS
POLISHED
PLATE
GLASS 2
ILLUMINATING GLASSWARE 1
YEAR AND MONTH
Unfilled Stocks, ProducShip- orders,
New
end of
tion
Ratio to orders ments end of month
Total capacity
month
Production
No. of
turns
Per cent of capacity
No. of weeks'
supply
Thous.
sq. ft.
GLASS CONTAINERS 3
Production
Net
Ratio to orders
Total capacity
Thous.
Per
cent
Shipments
Unfilled
orders,
end of
month
Stocks,
end of
month
Thous. of gross
1920 monthly
1921 monthly
1922 monthly
1923 monthly
average..
average..
average..
average..
4,021
50.1
50.7
50.5
3.2
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average.
average..
average..
average.
3,112
3,385
3,147
2,910
41.6
44.5
42.3
38.5
42.1
44.7
44.3
40.0
40.0
39.4
2.6
2.3
1.4
1.2
8.4
7.0
4.8
3.7
7,630
9,769
10,738
9,283
* 2, 053
2,046
2,110
72.6
71.6
i 2, 383
2,145
2,256
* 1,805
1,987
2,125
* 7, 891
8,751
9,747
3,707
4,841
2,571
3,612
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
1,962
1,648
1,532
7,090
7,301
8,378
8,794
4,295
4,669
5,064
5,614
2,975
2,996
3,517
3,575
38.0
41.8
43.9
47.1
40.8
45.9
45.3
42.4
38.3
42.2
42.9
43.9
1.4
1.1
1.1
1.0
6.3
6.3
6.4
6.3
10, 729
10, 544
11,617
10, 726
2,005
1,834
1,977
2,051
73.3
- 1,704
1,744
2,056
2,179
9,654
10, 017
74.2
2,804
2,166
2,290
1,663
10,116
9,522
5,906
5, 982
5,915
5,781
May
June
July.___
August.
3,123
3,171
1,494
2,050
42.8
41.7
25.0
29.8
45.9
47.9
36.3
42.8
41.3
45.6
34.5
36.9
1.3
2.5
1.8
1.9
6.0
4.7
3.8
3.5
11, 029
12, 525
10, 748
11, 274
2,130
1,988
2,016
2,038
76.5
70.0
71.0
71.7
1,754
1,862
1,935
1,642
2,381
2,288
2,117
2,022
8,918
8,116
7,232
7,640
5,543
5,276
5,138
5,145
September..
October
NovemberDecember. .
3,193
3, 837
3,956
3, 879
43.7
50.9
52.6
50.0
47.0
49.6
46.9
40.2
46.3
49.4
47.7
47.2
1.4
1.4
1.2
1.0
3.4
3.5
3.6
3.7
11, 431
11,186
9,705
7,344
2,009
2,321
2,143
2,045
72.2
79.7
72.3
69.0
2,237
2,421
2,553
2,414
2,088
1,980
1,693
1,592
7, 672
7,958
8,714
9,453
5,054
5,408
5,822
6,315
2,948
2,620
3,023
3,030
35.6
37.2
39.0
39.8
35.5
48.2
39.0
39.6
40.5
40.7
41.0
38.8
0.6
1.1
1.0
1.0
3.7
3.6
3.5
3.7
8,484
9,790
11, 641
10, 299
2,032
1,942
2,234
2,205
71.3
70.8
72.3
74.1
2,725
2,838
2,390
2,004
1,803
1,867
2,368
2,346
10, 274
11, 219
11,137
10, 658
6,541
6,646
6,488
6,341
May
June
July
August.
2,797
37.0
33.6
39.3
37.3
35.3
31.4
1.2
1.3
1.2
1.3
3.6
3.6
4.0
3.5
9,618
7,999
2,169
2,410
45.0
38.0
36.3
38.3
10,616
2,197
2,277
2,050
2,142
73.8
76.5
71.7
69.3
1,800
2,016
1,743
1,850
2,383
2,350
2,227
2,120
10,135
9,682
9,148
8,765
6,149
6,065
6,216
6,217
September..
October
November..
December..
3,609
3,814
3,454
2,353
40.7
43.4
44.0
40.2
32.9
45.7
45.2
40.7
36.7
1.5
1.4
1.3
1.0
3.6
3.8
4.1
4.0
9,353
8,703
8,573
7,446
1,999
1,969
2,045
2,224
66.3
68.5
74.6
2,340
2,314
2,574
2.474
2,325
2,054
1,928
1,724
8,606
8,681
9,043
9,616
5,925
5,878
6,049
6,551
44.2
43.0
4,465
6,390
7,422
I
1925
September..
October
November..
December..
January. _.
February..
March
April
January...
February..
March
April
January. _.
February..
March
April
* 4, 911
5,607
6,256
1926
72.6
68.3
1937
36.0
32.0
50.6
47.8
33.2
1928
May.
June..
1 Data from biweekly reports of from 9 to 11 firms to the Illuminating Glassware Guild, estimated to represent from 70 to 75 per cent of the capacity of the industry,
with capacity ranging from 4,500 to 7,000 turns per month. A turn is a four-hour working period for one shop. Production data originally reported by firms with a
biweekly capacity of from 2,256 to 3,463 turns, have first been prorated to the equivalent production of a capacity of 3,500 turns per biweekly period; thesefigureshave
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.2 59), p. 25. The association reports give details by classes of shades, reflectors, bowls, and globes in numbers 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 the industry. Details by classes are shown in the association's report.
* Four months' average, September to December, inclusive.
75
Table 52.—BUILDING BRICK, TILE, AND TERRA COTTA
COMMON BRICK 1
Stocks, end of
month
YEAR AND MONTH
UnBurned burned
Number
1919
1920
1921
1922
1923
monthly average..
monthly average..
monthly average..
monthly average..
monthly average..
1924
1925
1926
1927
monthly average..
monthly average..
monthly average..
monthly average..
1925
Shipments
FLOOR AND WALL TILE«
Dolls.
per
thous.
Thous. of
sq. ft.
Thous. Thous.
of dolls. f sq.ft.
$15.96
21.85
6 46, 687
64,918
275,946
279,500
305,961
57, 340
68,597
74,079
FACE BRICK *
Shipments Stocks,
New orders
Unfilled Wholesale
Proend
orders, price,
ducof
end of red,
tion Quan- Value month Quanmonth N.
Value
Y.«
tity
tity
Thousands of brick
251,949
187,856
224,962
TERRA
COTTA 3
Short
tons
Thous.
of dolls.
5,252
5,629
5,930
10,524
11,316
$652
895
743
1,163
1,349
129, 573
J231, 063
344, 580
15.25
17.36
19.81
129, 024
158,524
146, 236
281, 735
281, 751
252, 224
17.04
14.70
16.19
13.88
4,235
4,490
5,407
3,679
4,476
5,069
$1, 246
1,613
1,897
7,659
7,860
8,373
11,964
14,006
13,349
12,261
Stocks,
end
of
month
Unfilled
orders,
end of
month
Thousands of brick
591
511
616
1,544
1,740
859
1,244
1,292
1,688
1,612
1,207
666
723
722
744
616
660
667
663
1,576
1,736
2,178
2,641
956
966
1,007
929
September..
October
November..
December..
338,857 104,066
306,588 86,164
279,188 64,090
316,023 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
6,702
6,629
6,726
7,594
18,569
12,413
13,896
14,343
2,159
1,616
1,700
1,769
723
823
683
640
681
651
504
409
1,522
1,693
1,713
1,978
903
835
770
1926
January. _.
February..
March
April
324, 203
355,139
339,392
265,093
58,399
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
7,555
7,649
8,422
8,324
13,487
10, 755
15, 632
18,964
1,667
1,403
2,048
2,328
584
476
648
752
351
373
2,310
2,322
2,443
2,337
912
1,031
1,032
1,334
May
June
July....
August.
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
8,602
8,372
8,824
8,586
12,375
10,639
17, 671
12,751
1,613
1,389
2,175
1,493
780
836
859
855
823
780
2,082
2,028
2,040
2,011
1,257
1,130
1,147
September..
October
November..
December..
284,021 67, 658
286,952 58,388
451, 563 182, 716
453,452 88,997
118, 537
135, 824
217, 740
149,315
216, 289
213,092
274,850
311,979
16.00
15.50
12.25
15.50
5,304
5,817
5,457
5,311
5,625
5,242
4,969
4,935
2,069
1,987
1,895
1,877
8,356
8,467
8,545
8,776
11, 554
15,174
10,764
10,422
1,253
1,583
1,232
1,156
792
753
716
610
722
861
542
338
2,132
2,084
2,104
2,241
979
863
741
673
1927
January. _.
February..
March
April
462, 565 58,331
487,217 62,455
427, 484 69,160
371, 320 100,953
115,013
184, 206
197,411
324,837
335, 223
369,857
348, 211
17.00
17.00
17.00
16.50
5,514
5,129
5,467
5,453
4,331
4,351
5,188
4,948
1,648
1,658
1,963
1,879
10, 010
11,032
11, 282
11, 658
9,851
7,993
12,392
14, 633
1,138
887
1,356
1,513
560
852
729
282
421
687
774
2,409
2, 767
2,939
2,614
727
871
1,007
1,074
154,151
169,712
170,178
178,357
237,107
231, 064
211,451
194,971
274,959
254,191
235,323
231, 637
15.50
13.50
11.75
11.75
5,210
5,206
5,173
5, 489
5,092
5,088
5,227
5,366
1,902
1,920
1,959
2,048
11, 766
11, 879
11,284
11, 307
10,751
14, 637
14,856
15, 643
1,140
1,385
1,268
1,557
819
906
776
842
860
918
785
825
2,507
2,625
2,513
2,564
1,069
1,113
1,026
1,069
489, 566 158,761
561,367 169, 238
538,698 91,424
176,315
214,169
187,448
219, 244
182,462
211,961
11.75
11.75
11.75
11.25
5,537
5,877
5,018
5,588
2,124
11,285
11,991
12,687
13,440
11,907
11,134
1,342
1,049
1,008
836
798
809
723
626
693
724
622
368
2,466
2,679
2,777
2,832
801
783
730
329, 572
331,748
353,428
• 427, 277
May
June
July
August.
September..
October
NovemberDecember. .
1928
January...
February..
March
April
MayJune..
1 Data, except prices, compiled by the Common Brick Manufacturers' Association of America from reports of about 100 concerns representing about 30 per cent of the
total output of common brick. It should be noticed that the number of plants shut down increases considerably in the winter, owing to seasonal shutdowns in the more
northern localities. Details by districts are given in the association's reports. Monthly data from 1921 appeared in May, 1925, issue (No. 45), p. 27.
2 Compiled by the U. S. Department of Commerce, Bureau of the Census, from data reported by 37 concerns which produced about 80 per cent of the total production
offloor
and wall tile in 1923, including the entire membership of the Associated Tile Manufacturers. Details by grades and kinds are issued each month in mimeograph form.
3
Compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 27 manufacturers who produced over 95 per cent of the total architectural
terra cotta made in 1922. Values exclude freight, cartage, duty, and setting charges. Monthly data from 1919 are given in the October, 1924, issue (No. 38), p. 52. Details
by districts are given in the press releases.
* Data compiled by American Face Brick Association, representing averages per plant in order to allow for the variation in number of firms reporting. About 70 firms
usually report. Monthly data from 1922 appeared in January, 1926, issue (No. 53), p. 22.
« Wholesale prices are monthly averages from U. S. Department of Labor, Bureau of Labor Statistics, yearly price averages from 1913 to 1918 appeared in the November,
1924, issue (No. 39), p. 101.
« Eleven months' average, February to December, inclusive.
76
Table 53.—CHINA AND PORCELAIN PLUMBING FIXTURES AND SAND-LIME BRICK
PORCELAIN PLUMBING
FIXTURES i
YEAR AND MONTH
Net new
orders
Shipments
Unfilled Stocks,
orders, end of
end of
month month
VITREOUS CHINA PLUMBING
FIXTURES 2
Net new
orders
Shipments
Unfilled
orders,
end of
month
Stocks,
end of
month
SAND-LIME
Production
N u m b e r of pieces
1925 monthly average
1926 monthly average
1927 monthly average
Shipments
Shipments
by
truck
BRICKS
Stocks, Unfilled
end of orders,
end of
month month
Thousands of brick
4 223, 783
258, 791
223,753
* 238, 280
250,982
244,448
196, 727
204,117
4
439,986
513,133
355, 799
* 343, 201
501,241
555,134
259,877
272,828
509, 763
441,052
281,106
285,684
181, 544
212,829
288,986
258,495
236,187
240,318
190,066
230,404
386,409
358,920
457,840
485,931
300, 906
350. 926
405, 716
434,865
_.
271,957
230,639
243,499
189,391
230,507
227,924
268, 792
221,168
527,381
530,096
504,803
473,026
444,664
443,043
472,199
508, 692
_
236,484
332,187
260, 704
377,703
256,111
305,007
268,038
272, 616
453,399
480, 579
473, 245
578,332
236,289
152,351
406,956
167,329
289, 599
258, 004
208, 076
205, 942
200,988
145,081
213,166
217, 740
20,626
8,456
12,319
«8,697
559,873
518,484
505,393
500,453
16,101
17,940
20,819
17,435
4,984
9,465
5,649
7,690
12,151
8,302
10,996
9,870
7,311
6,855
7,613
.8,770
20,695
23,446
18,526
24,200
523,637
417,984
616,864
578,251
471,077
497,150
524,937
568, 931
15,626
16,178
16,923
12,049
6,663
4,890
6,363
3,825
9,094
12,344
10,240
7,401
9,877
8,613
8,953
11,583
18,651
19,325
18,150
7,701
281,896
265,611
239,245
220, 786
497, 700
377,170
351,091
347,645
558,121
544,631
596,685
618,492
8,307
9,577
16, 748
16,217
3,824
5,185
7,707
6,229
5,378
6,418
10,811
10,884
16,455
13,215
13,802
8,493
17,908
12,580
25,415
18,413
241,315
344,541
229,832
249,169
246, 223
296,818
251, 946
279, 539
342, 717
390,440
368,326
337,956
607,968
557, 745
554,022
520,364
23,225
17,987
16,662
21,300
8,196
7,757
5,431
7,375
13,250
14,010
10,751
13,294
8,740
10,052
8,820
12,547
17,237
18,344
14,364
19,800
223,980
227, 896
168,138
223,188
235,883
245, 725
180,015
189,684
325,069
307,240
295,393
328,867
518,452
500,868
526, 773
557,483
21,680
18,928
18,086
15,000
6,729
5,134
6,558
6,000
11,815
13,623
11,833
10,000
18,689
14,423
13,468
15,000
16,094
15,318
14,845
16,000
» 18,837
1925
July
August
September
October _
November
December
______
1926
January ___
February
March
April
May _
June
July.
August
_
September
October
November..
December
1927
January
February
March
April
May_
June
July
August
_____
__
_ ____
September
October
November
December
24,342
18,091
18,149
_
1928
January
February. _
March
April. _
May___
June
.
_ _
29,080
22,738
19, 531
58,397
34, 773
33,391
39,666
38,952
40, 575
.
.
-
1 Compiled by the IT. S. Department of Commerce, Bureau of the Census, from the reports of 10 manufacturers comprising the entire industry. The figures represent
regular selection. Details by kind of fixture are given in press releases, showing also culls, the classifications including baths, lavatories, shower receptors, sinks, slope sinks,
stalls, trays (single), combination sink and trays, 2-part trays, intergral drainboard sinks, and miscellaneous. Net new orders comprise total new orders less cancellations,
while
stocks show amount of finished glost fixtures on hand at the end of the month.
2
Compiled by the TJ. S. Department of Commerce, Bureau of the Census, from reports of 32 manufacturers, covering most of the firms making vitreous chinaware which in
regular practice is connected with a drainage system. The figures represent regular selection (formerly grade A). Details by classes are given in press releases, showing
also culls, the classification including siphon jets, washdowns, reverse traps, lowdown tanks, lavatories, and miscellaneous. Net new orders comprise total new orders less
cancellations,
while stocks show amount of finished glost fixtures on hand at the end of the month.
8
Compiled by Rock Products from reports of 14 firms from May through August, 1926, and from 17 to 23 firms for the remainder of that year. The 1926 averages are
based on total figures for the year by 23 firms, which represented 75 per cent of the output of the industry in 1926, according to the annual census, and whose stocks on
December 31,1926, represented 52 per cent of total stocks on that date. Data for 1927 were reported by from 23 to 30 plants each month.
* Six months' average, July to December, inclusive.
* Eight months' average, May to December, inclusive.
77
Table 54.—CEMENT, HIGHWAYS, AND PAVING BRICK
CONCRETE
PAVEMENTS
PORTLAND CEMENT i
YEAR AND MONTH
Stocks, Whole- New orders 2
Pro- Ship- Stocks, clink- sale
end of er,
price,
duc- ments
month end of comtion
month posite Total Roads
Per
barrel
Thousands of barrels
1913 mo. av
7,675
1914 mo. av
7,353
1915 mo. av __ _ 7,146
7,589
1916 mo. av
7,721
1917 mo. av
7,391
7,203
7,219
7,852
7,542
11, 220
12, 773
11, 312
11, 054
11, 080
1918 mo. av
1919 mo. av
1920 mo. av
1921 mo. av
1922 mo. av
5,891
6,700
8,306
8,191
9,489
5,894
7,167
7, 999
7,921
9,714
9,386
9,809
7,278
10,161
9,572
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
11,448
12,405
13,434
13,673
14, 326
11, 324
12,146
13, 060
13, 482
14, 244
9,258
13,178
16, 055
18, 886
19,933
4,015
6,191
7,077
9,008
9,641
1926
May
June
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
September.
October
November
December
16, 571
16, 596
14,193
10, 757
18, 087
17, 486
11, 276
6,432
1927
January
February..
March
April
8,258
7,377
11,450
14,048
May
June
July
August
September
October
November
December
_
Thousands of
square yards
FEDERAL-AID
HIGHWAYS 3
Under
construction
Completed
Cost
Distance
Thous.of
dollars
Miles
PAVING BRICK <
Production
Per
Unfilled cent
CanStocks,
of
caShip- end of New cella- orders,
orders tions end of pacity
ments month
month
Thousands of brick, No. 1 quality
(No. 1
and
No. 2
brick)
6 31,495 6 27,123 7 78, 929 e 24, 699 e 2, 207 7 86, 763
71,115
24, 620
20, 957
99, 588
21,485
957
63, 627
27, 793
21, 279 116, 391
1,258
22, 616
63, 807
22, 593
21, 866
99, 594
842
22,886
s 23, 002 s 18, 875 8 77,184 8 20, 410
M49 8 63, 037
6 80
70
74
58
8 57
4,455
3,264
4,686
6,595
5 3, 499
2,454
3,662
4,863
$15,472
937
14, 458
$1,881
1,843
1,789
1.744
1,686
6,580
7,679
8,681
8,942
10, 481
4,245
4,842
5,328
5,095
6,163
10, 799
17,084
18, 410
17,876
15,779
607
853
862
787
690
14, 529
14, 637
12,187
10,890
9,660
11, 695
10,144
8,604
7,362
1.750
1.750
1.750
•1. 742
14,008
10, 750
10,856
13, 249
8,911
6,948
5,663
6,594
23, 311
22, 709
13, 520
19, 275
968
1,341
605
890
10,843
10, 961
11,100
11,147
21,103
26, 342
27, 611
30,481
22, 645
30, 312
37, 443
34,803
123,808
115,971
101, 243
92,479
14,188
13, 334
16, 243
20, 679
6,112
5,370
5,748
7,799
1.733
1.733
1.733
1.733
8,378
7,528
5,595
6,797
3,736
4,224
3,231
3,518
15,222
21, 948
29, 768
26, 298
668
1,090
1,128
951
11,309
11, 607
10,478
10,047
25, 385
23,224
18, 516
13,815
31,330
26,852
20, 711
10,681
5,968
6,731
11,100
14, 350
22, 914
23, 563
23, 922
23, 654
9,989
11, 943
12, 997
13, 335
1.713
1.683
1.683
1.683
4,236
4,391
9,300
15,482
2,656
2,336
5,135
10,264
8,115
5,385
10,119
6,170
508
491
435
265
9,839
9,599
9,632
9,821
11,665
12,902
23,132
22, 973
16, 701
17, 224
17,408
18, 315
16,865
19, 761
18,984
21,411
23, 503
20,972
19, 397
16, 292
12, 514
10, 926
9,609
7,887
1.683
1.683
1.683
1.683
14,234
16, 075
12, 615
13, 528
8,235
8,424
7,299
7,445
9,101
17,850
17,150
15,301
414
845
637
750
10,000
10,104
10,135
10,005
17, 505
17,174
14, 449
11, 999
19,828
18,105
11,619
6,200
13, 996
13,141
16, 022
21,821
6,490
5,960
6,374
7,667
1.683
1.683
1.683
1,683
11, 581
9,800
7,984
6,542
6,872
5,527
5,102
4,657
23, 354
29. 206
29, 712
17, 886
927
1,151
1,104
758
9,921
9,466
8,879
8,517'
296
451
761
266
302
3,396
392
1,261
71,430
75, 283
78,947
77,149
49
63
71
78
82, 220
70,857
63, 207
65,800
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
7,142
5,501
7,787
13,864
64,
71,
84,
91,
893
640
316
670
11,964
4,639
15,063
20,095
188
55
985
327
55,869
55,982
57,550
67,823
20
22
40
65
23, 667
23,888
26,488
31, 786
30, 628
24,177
28, 643
31, 221
81, 606
78,898
77, 799
77,332
27,903
25, 448
22, 409
33,614
145
993
61,385
61,541
67,465
73, 537
77
75
82
64
30, 515
30,909
66,506
22, 551
66,183
68
30,
35,
41,
34,
1928
January
February
March
April
May
June
1 D a t a on Portland cement, representing complete reports of manufactures, are from the U. S. Department of Commerce, Bureau of Mines, except prices, which are averages of weekly prices reported b y the U. S. Department of Labor, Bureau of Labor Statistics. Clinker is unground cement. T h e cement industry is highly seasonal and
its figures should be compared with corresponding m o n t h s of previous years rather t h a n with other m o n t h s of the current year. Detailed data b y months back to 1915,
with an 8-year average for each m o n t h which can be used for seasonal comparisons,, will be found in the September, 1923, issue (No. 25), p . 47. M o n t h l y price data from
1913 for quotations now discontinued appeared in the December, 1923, issue (No. 28), p . 54.
2 Concrete pavements contracted for throughout the United States are from the Portland Cement Association, Highway Bureau.
T h e total contracts include streets
and alleys besides roads.
3 D a t a on amount of Federal-aid highways completed during each m o n t h and under construction at the end of m o n t h specified are compiled by t h e U. S. Department
of Agriculture, Bureau of Public Roads, and include all kinds of improved roads built with Federal aid. Federal aid roads represented about 45 per cent of the total mileage of roads improved b y the States in 1925, while Federal-aid grants amounted to about 20 per cent of the costs of the Federal-aid roads shown above. T h e d a t a on roads
completed represent all roads reported as such to the Bureau of Public Roads, whether paid for or not. M o n t h l y data from 1922 appeared in the J u l y 1926, issue (No. 59), p . 24.
4
Compiled from reports of the Paving Brick Manufacturers' Association, covering from 24 to 29 companies each month, stated to represent from 66 t o 71 per cent of t h e
industry; further details as to size, quality, and geographical distribution m a y be obtained from t h e regular reports of the association. From J u l y through September, 1927,
the association's reports show only percentage changes, which have been used to compute the actual data for these m o n t h s b y linking on to the previous actual data. After
September the reports were temporarily discontinued. Cancellations were not reported after June, 1927.
6
Of the numerical 1919 monthly average, 3,221,000 yards was actually reported. Ther emainder is the prorated portion of a total of 3,338,309 yards for the last year of
pavement less t h a n 6 inches thick not allocated b y class of pavement. This has been prorated to roads on the basis of the roads' share of allocated contracts.
6
Nine m o n t h s ' average, April to December, inclusive.
7
Ten m o n t h s ' average, March to December, inclusive.
8
Nine m o n t h s ' average, January to September, inclusive.
9
Six m o n t h s ' average, January to June, inclusive.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
78
Table 55.—WOOD DISTILLATION
ACETATE OF LIME
Y E A R AND
MONTH
Production
Shipments
METHANOL (CRUDE)
Stocks
Ex- :
end of ports
mo.
Production
Stocks,
crude
plants,
end of
month
Dolls,
per
cwt.
Thousands of pounds
Stocks, refineries,
end of mon thi
United
States
Stocks,
end of
mo.
Dolls,
per
DAILY CAPACITY
Total
Reporting
Shutdown
Cords
78, 580
34,177
64, 286
80, 787
62, 048
68, 303
71, 097
71, 602
829, 227
826, 847
942, 884
794, 744
742,167
646, 454
502, 585
553, 604
5,629
5, 448
5,391
5,339
4,687
4,389
3,706
3,463
4,083
4,585
5,217
5,171
4,017
3,958
3,616
3,451
2,771
1,890
1,183
681
758
486
355
65,643
56, 760
39, 625
63, 343
34, 321
71,130
62, 880
68, 848
71, 057
636, 379
633, 006
677, 725
685, 430
4,747
4,747
4,747
4,827
3,828
3,810
4,016
4,098
339
363
381
591
1, 869, 327
1, 461, 989
1, 543, 375
1, 465, 549
58,648
55,475
42, 944
42,077
39, 342
17,853
28,447
9,881
68, 935
63,040
66,023
65, 811
675, 707
584, 782
644, 882
4,332
4,332
4,164
4,162
4,098
4,098
3,966
3,916
849
985
933
917
1,
1,424, 230
1, 349, 229
1, 301, 246
1, 362,188
1,064, 365
856, 751
792, 357
19, 889
33,186
15,300
15, 320
19, 558
10,643
73,092
65, 485
66, 338
72,988
77,101
620, 944
603, 632
575, 977
723, 511
4,162
4,164
4,140
4,140
3,916
3,918
3,918
3,918
965
1,091
841
841
752,292
683,707
738,958
764,670
1, 400, 994
1,176,337
1, 280, 625
1, 474, 624
656, 565
750,480
850,999
40,096
29,478
33,089
22,451
70, 254
39, 270
62,139
26, 794
77, 239
71, 568
78, 264
79, 751
534, 311
524, 411
519, 662
503, 013
3,930
3,870
3,870
3,726
3,828
3,768
3,768
3,624
621
561
349
3.25
3.25
3.25
3.25
671, 674
564, 596
553,050
589,828
1, 414, 577
1,165, 016
888,923
622,456
876,428
600, 780
279, 202
351,409
23,827
20, 664
33,827
33, 651
16,001
37, 811
19,317
43,350
72, 867
62, 575
60,837
66,007
508, 408
485, 515
502, 255
500,675
3,738
1,392
1,125
1,797
675
3.25
3.25
3.38
3.50
610,393
712,309
720, 798
733, 678
486,199
442, 998
463,049
278, 219
164,363
151, 326
144,136
207,682
31,853
30,293
18,947
15,369
38, 779
24,977
29,869
8,704
65,807
73,895
73, 701
70,653
19,910
22, 422
22,620
22, 207
1,630
500
1,579
974
3.50
3.50
3.50
3.50
805,473
726, 694
666, 638
397, 999
340,847
387,684
325, 888
341, 444
613,939
645,852
819,216
15, 913
19, 657
22, 574
12, 949
11,012
16, 226
20, 584
41, 254
11, 972
14,196
12,195
13, 516
23,068
21, 003
20, 582
20,110
1,582
562
1,355
283
3.50
3.50
3.50
3.50
638, 376
626, 789
592, 593
582, 710
345, 366
339, 632
301, 812
367, 657
896, 334 33,078
991, 672 39, 025
1, 094, 775 21, 227
1,
28,610
13, 298
16, 959
13, 611
11, 779
19, 704 None.
915
16, 524
16, 274
676
15,465 2,078
3.50
3.50
3.50
3.50
576, 947
643, 491
654,339
617, 627
320, 231
375, 965
365, 584
354, 398
1, 467, 460
1,181, 225
1, 407, 745
1,165, 544
58, 589 $2.56
.80
34, 343
105, 860 1.64
100, 585 1.06
.76
53, 386
.61
1, 356, 717 * 41,085 34,015
.64
476, 614 27, 795 34, 772
.67
1,002, 820 24, 839 25, 755
35,836
14,266
24,980
22, 701
22,180
19,991
652,021
324, 504
567,409
716,144
579, 286
647, 899
674, 663
651, 702
2, 749, 407
8,494,877
2,117,172
1, 613, 454
924, 501
351, 922
10, 248
10,126
11, 416
9,443
21, 233
23,072
25,149
28,823
1,098
1,639
3.00
3.00
3.00
3.00
653,118
625,086
672,441
678, 302
1,418,051
1, 452, 934
1, 797,930
1, 767, 380
1, 785, 550
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
2.88
2.75
2.75
2.75
664, 566
595, 995
635,110
612, 564
1, 800, 072
1, 786, 929
1, 930, 288
1, 725, 049
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
1,340
426
4,571
2,970
2.75
2.75
3.00
3.13
589, 555
626,493
1926
January
February
March
April
14,425
12,905
14, 314
14,226
11,339
10, 525
9,954
11,903
19, 261
21,715
25,991
28,523
1,286
615
2,251
503
3.25
3.25
3.25
3.25
May
June
July
August..
13,482
11, 241
10,964
12,180
13, 658
12, 499
14, 741
14, 524
28, 518
26,093
22, 373
19,951
1,893
2,235
1,909
2,902
September
October
November.-.
December
11, 770
14,002
14,100
13, 468
11, 285
16,013
15, 510
14,187
23,241
17,746
16,328
16,421
1927
January---.-February
March
April
14,181
12, 667
14, 223
13,139
10,067
10,184
14,002
13, 560
May.__.
June
July.__.
August..
12, 552
12, 070
11, 745
13, 325
September . . .
October
November
December
12, 958
13,912
13, 519
12,376
mo. av_
mo. av_
mo. av_
mo. av_
mo. av_
mo. av_
mo. av_
mo. a v .
Carbonized
Exports :
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 3.28
1,011 3.50
1920
1921
1922
1923
1924
1925
1926
1927
Canada
WOOD
12,421
4,885
10, 445
13,700
10, 815
12, 628
13,090
13, 056
13, 683
13, 424
10,120
12, 686
13,012
12, 945
1925
January
February
March
April
13,081
11,907
12, 827
13,033
May
June
July
August
1,590
27, 995
31,987
43,458
3,602
3,596
3,596
3,500
349
559
642
580
491, 307
485,022
473,964
502, 482
3,577
3,577
3,577
3,607
3,475
3,475
3,523
3,607
537
391
409
479
80, 233
68,972
75, 755
69, 895
500,818
473, 346
481,807
524, 259
3,553
3,555
3,526
3,535
3,553
3,555
3,526
3,535
155
155
295
319
22,863
2,201
9,622
18, 796
64, 309
64, 861
63, 724
82, 581
551, 536
584, 636
595, 273
603, 463
3,535
3,535
3,535
3,395
3,535
3,535
3,395
3,395
537
706
655
425
20, 526
57, 983
48, 624
39,369
79, 670
73, 2] 9
70,855
65,150
613,771
595, 591
589, 605
529,141
3,395
3,339
3,323
3,329
3,395
3,339
3,323
3,329
391
145
145
330
.83
1928
January...
FebruaryMarch
April
MayJune.
t
1 Except for prices and exports, data are compiled by the U. S. Department of Commerce, Bureau of the Census, including through June, 1924, the reports of the National
Wood Chemical Association, the total reports from all sources comprising about 95 per cent of the industry during most of this period. Beginning with July, 1924, all data
have been collected directly by the Bureau of the Census. Stocks, at crude plants prior to December, 1926, probably include some stocks owned by them but held at
refineries, but thereafter only stocks actually at crude plants are reported under that heading. Monthly data on production and on consumption and stocks of wood for
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, and data from 1924 on in the April, 1927,
issue2 (No. 68), p. 26. Press releases of the Bureau of the Census also give Canadian figures, beginning with 1925.
Exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3 Wholesale prices representing monthly averages from U. S. Department of Labor, Bureau of Labor Statistics,
http://fraser.stlouisfed.org/
4
Nine months' average, April to December, inclusive.
Federal Reserve Bank of St. Louis
79
Table 56.—REFINED METHANOL, ETHYL ALCOHOL, EXPLOSIVES, AND DYES
ETHYL ALCOHOL 2
REFINED METHANOL i
Production
Stocks, end of
month
Shipments
YEAR AND MONTH
Canada
United
States
United
States
Canada
United
States
Canada
Production
1913 monthly average
1914 monthly average
1915 monthlv average
1916 monthly average
1917 monthlv average
1918 monthly average-_
1919 monthly average
s 6, 581
s 6, 573
s 6, 758
5 15, 232
5 17, 632
5 12, 532
5 8,180
8
24, 202
24,327
25,012
Warehouse
stocks,
end of
month
Production
8 678, 528 8 47,019
569,982
59, 600
481, 479
7o, 242
7 9,485
6,119
8,137
11,234
12,201
16,190
16,221
477,000
« 1,431
s 1,484
5 2,118
s 7,044
5 7,814
5 7, 554
« 5,033
Exports
ShipNew Stocks,
end
of
ments orders month Vege- Coal
table tar
Thousands of pounds
Thousands of gallons
Gallons
1920 monthly average
1921 monthly average
1922 monthly average _.
1923 monthly average
1924 monthly average _ _
s 556,322
1925 monthly average
1926 monthly average
616,893
1927 monthly average.__ 451,180
Withdrawn
for
denaturization
DYES AND
DYESTUFFS4
EXPLOSIVES 3
6 3, 014
6 2,495
6 2, 500
e 2, 602
6 3, 657
s 14, 719
e 6,403
7 4,398 7 4, 466
7,040
3,864
5,074
6,876
4,754
9,527
3,980
10, 965
6,463
14, 801
7,962
14,995
30,756
36,762
33, 740
34,057
36,351
31, 080
36,542
34, 340
34, 241
36,361
28, 926
35,174
32, 726
32, 737
34, 715
16, 316
18, 758
17,067
17,346
16, 674
437
354
264
310
216
314
696
1,494
1,310
2,150
2,151
2,230
24,442
1936
January
February
March
April....
642,397
532,309
607,586
577, 885
31, 545
38, 070
29,140
26,995
717, 817
727, 244
655, 382
723,426
60,
69,
72,
55,
704
371
629
276
16, 350
12, 765
13,153
12, 756
17, 712
9,407
9,501
10, 298
3,871
5,801
7,682
8,804
29,
33,
36,
34,
788
886
238
588
30, 075
32, 370
36,469
34,180
29, 717
29, 335
34,266
33, 527
16,447
16, 777
17, 349
17, 671
215
126
228
165
1,552
1,611
2,925
1,666
523, 766
698,919
737, 704
608,346
27,460
12, 670
None
None.
685,000
645,123
709, 639
516,943
81, 259
76,108
58,465
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
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
September
October
November
December
700, 211
618,284
623, 544
531, 764
26, 700
29,200
37, 500
32, 645
463,488
379, 710
331,256
284, 754
44, 303
40, 631
43,964
49,492
527,716
34,141
20, 776
20, 530
17, 640
15, 622
17,338
18,809
18, 696
18,108
10, 863
11,436
9,913
6,868
40, 741
40, 670
39, 628
36,143
41,098
40, 951
41,475
34,317
38, 348
39, 311
37,913
33,159
16,488
16, 854
15,126
17,145
136
162
209
177
1,883
2,220
2,672
2,104
1937
January
February
March
April.--
480,448
305,479
569,059
420,741
35,290
37,070
39,925
39,910
436, 656
426, 736
597, 379
606,975
58, 596
64,719
67,938
73, 706
374,530
337,428
411,114
416,996
26,037
30,516
36,109
35,340
13,235
10, 324
11,491
12, 674
8,907
9,152
12, 224
11, 618
3, 563
9,842
8,313
8,459
33,846
35, 383
32,190
31,962
33, 726
33, 578
31, 890
33,132
33, 616
31,102
31,517
31,415
17, 303
19,145
19, 518
18,043
227
253
388
300
1,865
2,951
3,595
1,227
May
June
July
August .
426,304
416, 042
347, 833
317, 711
10,550
None.
22,800
None.
554, 313
521, 609
554,809
428,194
73, 726
53, 350
59,120
50, 687
469, 513
575,8 1
411, 229
389, 033
20,432
10, 485
17,827
8,440
13,052
13,831
15,170
15,587
11,584
13,761
14, 651
12, 212
9,335
7,496
9,700
11,122
34,168
34,120
30, 954
36,304
35, 355
33, 783
31,136
35, 736
33, 961
32, 354
30, 335
34, 680
16,784
16,989
16, 794
17, 344
451
363
165
237
1,928
968
1,526
2,254
September
October _
November
441, 771
688, 435
529, 552
470,969
28,293
6,700
38,600
41,000
382, 876
396,137
452, 246
419, 812
58,312
26, 443
32, 854
43,458
506, 914
698,476
392, 765
506,310
23, 982
38,569
28, 629
16,937
14,129
16, 584
18,051
14,130
17, 759
17, 329
9,838
7,931
8,211
36,858
38,918
34, 695
36,964
38, 261
34, 645
35, 304
36, 747
32, 111
17,152
17, 807
17,847
229
359
377
422
4,469
1,838
1,920
2,222
May
June
July
August
- -
December
1938
January
February
March
April
May
June
_
1
Compiled from individual reports of all methanol-refining plants in the United States and Canada by the U. S. Department of Commerce, Bureau of the Census, the
following grades of methanol being included: 95 per cent refined, 97 per cent refined, pure, C. P. and denaturing grade methanol. The amounts of crude methanol purchased by refiners are less than consumption of crude in refineries because many refiners have their own crude plants and thus do not have to purchase crude methanol.
Canadian
refineries all have their own supplies of crude and so no purchase column is shown for Canada.
2
Statistics of ethyl alcohol, compiled by the U. S. Treasury Department, Bureau of Internal Revenue, comprise all 160° proof alcohol produced in the United States.
Withdrawals for denaturing represent approximate production of denatured alcohol. The large increase in the proportion of the total production used for denaturing,
beginning with 1922, is stated to be due to the use of denatured alcohol, which pays no tax, for certain medical purposes in place of pure alcohol which was formerly used
and 3is taxable.
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 manufacture4of other explosives. Detailed data by classes from 1922 appeared in November, 1924, issue (No. 30), p. 107.
Data compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Export figures for "vegetable"dyes include logwood extract (about
50 per cent) and other dye extracts; coal-tar exports comprise coal-tar colors, dyes, and stains.
« Fiscal year beginning July 1 of year indicated.
«
Stocks on June 30 of year indicated.
7
Eight months' average, May to December, inclusive.
8
http://fraser.stlouisfed.org/
Nine months' average, April to December, inclusive.
Federal Reserve Bank of St. Louis
80
Table 57.—NAVAL STORES
YEAE AND MONTH
STEAM DISTILLED NAVAL STORES i
GUM TURPENTINE
GUM ROSIN
Stocks, WholeNet
end of
sale
receipts month
(3 ports)^ (3 ports) 2 price3
Stocks, WholeNet
end of
receipts
sale
(3 ports) 2 (3month
ports) • prices
Dolls,
per gal.
Barrels
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly
1920 monthly
average.
average.
average.
average.
average.
average.
average.
average.
26,494
22,807
25,819
23,006
13,349
15,481
21,131
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average.
average.
average.
average.
average..
average..
average.
Dolls,
per bbl.
Barrels
Wood rosin
Production
Stocks
at
plants
Bbls. of 500 lbs.
Wood
turpentine
Production
Stocks
at
plants
Bbls. of .50 gals.
Pine oil
Production
Stocks
at
plants
Gallons
59,721
71, 562
96,818
122, 792
55,481
27,764
$0.43
4.47
.46
.49
.49
.59
1.20
1.74
58,914
92, 260
98,905
79, 787
53,138
54,092
69,912
275, 273
322,029
323,461
292,126
233,926
157,943
$4.82
4.02
3.77
5.80
6.39
10.56
15.16
15.29
22,110
21, 765
26, 515
26, 067
24,319
25, 279
33,876
47, 707
26, 762
28,610
38, 567
40, 731
44, 827
56, 294
1.15
1.17
.91
1.01
.93
.62
65,939
83,439
97, 575
92, 295
90,195
91,426
117,201
316,585
308,498
266,932
250,478
192,908
145,074
157, 557
5.79
5.77
6.01
6.17
10.94
12.41
10.31
23, 865
27, 213
34, 572
35,449
20,938
67,051
4,883
5,219
6,644
8,144
3,156
9,123
161, 550
195,166
231,863
654,069
407, 587
451, 633
September.
October
November.
34,013
26,367
18,001
20,114
48,149
48,404
45,046
51,247
1.12
1.13
1.12
1.02
115,023
100,264
77,491
92,070
181,940
181, 613
196,939
220,479
14.19
15.88
15.94
14.07
23, 249
24,446
23,959
24,095
27,039
16,306
15, 269
15,319
4,355
4,498
4,787
5,240
4,454
3,118
3,506
5,113
180,372
174,890
165,347
142,107
697,988
713,673
719, 726
724,292
January...
February..
March
April
6,512
4,681
3,499
11, 291
44,907
37, 647
26,866
24, 619
1.07
1.00
1.00
.97
36,466
31,082
20,196
40,643
199,121
169,140
117,182
94,035
14.34
13.33
11.10
8.91
20,470
18,945
24,145
22,920
16,431
17, 630
21,699
27,963
4,362
3,930
4,934
4,595
3,468
2,670
2,706
2,785
135,135
125,247
173,465
158,149
674, 097
645,441
598,459
565,416
May
June
July
August-
28,945
42, 503
43,122
40, 632
26, 719
36, 532
44,762
58,929
.87
.88
.95
85,965
137, 584
143,415
138,124
85,026
112,514
132,649
131,636
8.43
11.19
13.35
14.61
21,912
23,495
29,710
32,800
24,824
19,079
24,382
17,424
4,570
4,633
5,356
5,483
2,310
2,218
2,998
2,765
148,592
212,021
215,706
222,002
503, 780
302, 853
319, 588
278,487
September,
October
November..
December..
34,918
32, 216
25,885
29,143
57,601
57,370
63,650
58,321
118,868
114,120
107, 801
122, 847
148,177
158, 210
184,405
14.43
13.86
13.08
12.24
31,766
34,161
33,373
32,864
13, 555
17, 702
22, 831
27, 736
5,604
6,045
6,612
6,499
3,837
3,426
3,773
4,911
228,833
263,696
238,322
220, 827
249,974
259,670
239, 017
254, 259
January...
FebruaryMarch
April
7,386
5,138
10,132
30,989
48,993
40,047
24,668
31,802
39,136
27, 214
36,322
97, 028
160,120
147,635
81, 013
107, 562
12.38
11.71
11.23
9.70
35,168
32,043
35,313
34,598
33, 513
45,124
53,866
58,652
7,053
6,587
7,253
7,035
5,531
7,314
6,953
7,473
241, 563
207,197
245, 232
239,027
305,151
313,457
345,842
355, 790
May
June
July
August-
48,025
57, 730
50,466
47,809
47, 264
52,340
58,390
58,915
150, 397
184,971
169,439
158, 514
153,445
165,991
179,734
198,883
9.67
9.93
9.74
10.62
36, 508
35,197
35, 521
64, 763
72,454
72,486
71,982
6,974
6,541
6,414
6,347
8,746
9,896
6,652
8,256
243, 880
222,151
231,350
242,050
392,864
428, 796
458,923
524, 246
September.
October. .-•.
November.
December. _
45,775
39,115
35, 795
28,154
73, 019
80,473
77, 676
81, 939
151, 045
132,059
144,892
115,397
229, 426
222,167
247,954
248, 755
10.08
9.24
8.55
8.70
34, 839
35,963
35,187
28,483
76, 327
82,717
87,179
85, 553
6,562
6,901
6,820
5,241
10, 232
12,163
13,385
12,869
244,445
237,625
235, 695
192,141
555, 818
588,778
561, 363
588, 571
1925
.92
.90.
.89
1927
1928
January...
February..
March
April
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 with steam from the
oleoresin
within or extracted from the wood, generally softwoods.
2
Represent the receipts and stocks at Jacksonville, Savannah, and Pensacola, as reported by the Naval Stores Review, earlier data being supplied by the Savannah
Board of Trade, Jacksonville Chamber of Commerce, and Pensacola Chamber of Commerce. Monthly averages for 1914 and 1915 are based on the season beginning Apr. 1 of
the year
indicated and thereafter on the calendar year. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 40.
3
Data from the JJ. 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.
81
Table 58.—CHEMICAL PRICES, ARSENIC, AND ROOFING
[Base year in bold-faced type]
Drugs
and
Pharmaceuticals i
YEAR AND MONTH
Crude
Essential
oils*
Crude
drugs i
Index numbers relative to
August, 1914
1914 monthly average..
1919 monthly average..
1920 monthly average..
1921 monthly average..
1922 monthly average..
Chemicals 2
Oils
and
fats a
Prodilution
Relative to 1913-14 •
Refined
Stocks,
end of
month
Production
Shipments
Thousands of
squares7
100
213
265
158
131
1OO
185
202
134
174
100
201
196
129
120
142
155
157
156
158
135
140
174
170
131
220
208
198
205
202
125
114
113
113
142
139
155
150
1,497
697
458
2,924
3,575
3,149
1,072
1,519
923
520
January...
February..
March
April
156
156
156
156
218
202
192
179
193
200
205
204
114
112
112
113
155
149
152
149
357
539
418
3,433
3,540
3,534
3,718
May
June
July—.
August-
156
155
155
155
175
168
167
163
203
206
206
206
112
114
114
113
154
170
165
157
973
327
374
166
155
156
156
156
155
148
143
135
209
215
211
203
114
114
114
114
154
136
134
129
January-..
FebruaryMarch
April
155
155
155
156
126
125
126
123
204
206
207
114
113
113
113
May
June
July—August-
156
156
156
156
121
122
122
121
205
200
196
192
September..
October
November..
December..
156
160
169
169
203
123
126
128
202
207
206
201
average..
average..
average..
average..
average..
Stocks,
end of
month
Short tons
100
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
PREPARED
ROOFING*
ARSENIC 3
WHOLESALE PRICE INDEXES
DRY ROOFING
FELT«
Production
Stocks,
end of
month
Short tons
100
2,079
2,360
2,182
2,541
8
9,016
8 12,055
742
3,268
7,034
3,982
2,542
2,714
2,731
2,670
2,833
16,078
17,406
20,297
23,030
25,276
2,427
2,296
3,588
4,043
3,349
258
536
764
377
5,950
5,675
5,976
5,462
1,699
2,053
2,752
2,700
18,195
17,829
25,061
21, 545
4,641
4,279
5,943
5,186
3,712
3,167
2,954
2,947
140
390
271
495
4,768
4,414
3,523
3,002
2,958
3,012
2,597
2,768
24,520
26, 218
25,003
23,547
3,054
4,051
3,636
419
514
537
2,959
2,538
2,667
2,621
560
697
885
2,648
2,382
2,188
1,798
3,450
3,495
2,441
2,115
27,636
22,013
17,857
3,236
3,426
3,246
3,545
128
137
134
132
1,414
1,147
1,380
1,075
2,725
2,387
2,378
2,208
913
810
1,030
925
1,983
2,251
2,230
2,059
1,405
1,691
2; 891
3,183
19,266
19,669
25,209
27,638
3,628
4,045
3,417
3,089
113
113
112
112
130
130
126
127
905
1,003
1,163
972
1,432
1,155
1,363
1,009
789
765
1,718
1,266
789
1,346
3,020
3,003
2,637
2,992
27,019
26,517
23,605
27,441
2,806
3,181
3,272
3,166
113
112
112
134
134
133
1,472
1,004
1,269
1,422
1,260
1,326
873
937
822
1,787
2,321
2,255
3,287
3,218
3,280
3,386
27,902
27, 512
25,680
25,853
2,907
3,748
3,810
3,118
1926
September
October
November.
December..
1927
1938
January..
FebruaryMarch
April
May..
June..
1 Compiled by the Oil, Paint, and Drug Reporter from weekly wholesale quotations of 40 crude botanical drugs, 20 essential oils, and 35 drugs and pharmaceutical
chemicals, respectively.
2 The chemical price indexes from Chemical and Metallurgical Engineering include quotations on 25 chemicals and 15 oils and fats selected on the basis of their importance as representing both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of total production
plus total imports in the year 1923. The figures are averages of weekly prices. A similar index, including 25 of the principal chemicals, oils, and fats used in the new
indexes, with yearly data from 1917 to 1923 and monthly data for 1923 and 1924, may be found in the November, 1924, issue (No. 39), p. 105.
3 Compiled by the American Bureau of Metal Statistics. Figures on crude arsenic cover this element in its primary state, while those on refined arsenic cover this
commodity as derived from the crude. Stocks are those in producers' hands at the end of the month. Monthly data on refined arsenic from 1923 appeared in the August,
1925,4 issue (No. 48), p. 48.
Compiled by the Prepared Roofing Manufacturers* Association until 1926 and prorated to 100 per cent of the industry from reports received from 60 to 90 per cent of
the total machine activity, comprising all types of asphalt-saturated roll roofing whether surfaced or not and all types of asphalt shingles. Monthly data back to 1919
appeared in the September, 1923, issue (No. 25), p. 55. Beginning with 1926 the name of the association was changed to the Asphalt Shingle and Roofing Association, and
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 in the November, 1924, issue (No. 39),
p. 104.
Average prices are also included in the reports of the association.
6
Relative to 12 months' average, July, 1913, to June, 1914.
7
A
roof
square is equivalent to 100 square feet of covering as measured on the roof.
1
Six months' average, July to December, inclusive.
http://fraser.stlouisfed.org/80484°—28
Federal Reserve Bank of St. Louis
6
82
Table 59.—CHEMICALS
SULPHUR
YEAR AND MONTH
SULPHURIC
ACID
Production 3
(quarterly)
Exports i
Long tons
Pounds
Units
Quantity reporting
Dollars
per 100
pounds
Metric
tons
614,940
807,417
1,098,015
6,486, 619
5, 538, 625
5,293, 578
$1.00
1.00
1.30
2.00
1.70
1918 monthly av
1919 monthly av
1920 monthly a v . ___
1921 monthly a v . .__
1922 monthly av
6, 691,220
1, 774, 625
2,415, 612
1,067,862
1,039,199
1.60
1.00
1.12
.91
.76
686,981
939, 306
628,067
768, 701
626, 029
.73
.71
.70
.73
.75
158,
200,
209,
167,
996,662
667,579
1,324,657
1,029,287
av
av
av
av
av
e 251, 939
221, 294
351,330
472,851
1926
January
February
March
April
386,839
May
June
July
August
507,042
September
October
November
December
4S6,237
511, 287
1927
January
February
March __
April
565, 760
May
June
July
August
593, 498
September
October.
November
December
510,820
ACID PHOSPHATE *
Production in
Chile
Wholesale
price <
1919-13 monthly av._
1913 monthly av
1914 monthly av_ _.
1915 monthly av
1916 monthly av
1917 monthly av_ .
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
POTASH i
NITRATE OF SODA i
N o . of
plants
Imports
Imports
Production
Long tons
Stocks,
end of
month
Shipments
FERTILIZER
Exports l
Long
tons
Short tons
Consumption in
Southern
States s
i
Short
tons
43,177
52,155
45,143
64, 349
101, 535
128, 601
21,124
22, 291
17,611
6,305
978
802
103,391
119,938
85, 639
30 647
32, 747
28,733
116
67
99
54
38
153, 766
33,955
110,160
30, 767
45,039
1,564
5,230
14,880
8,739
20,103
18, 713
54, 509
117, 994
74, 620
77, 912
411, 678
232,193
292, 224
809
266
982
836
69
89
90
58
74,084
82,053
92,901
75,416
61, 335
19,205
19,088
21, 751
25, 304
22,416
91, 641
89, 216
95,532
91, 342
106, 098
360,412
390,477
431, 015
437,370
391,197
.70
.70
.70
.70
235,000
220,000
228,000
216, 362
89
88
79
75
103, 627
156, 354
171, 929
124,370
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
384,061
260,291
590,680
638,607
.74
.75
.75
.75
120,800
127,100
111, 283
86,731
519, 270
866,882
420,361
1,024,337
.75
.75
.75
.75
729,771
746,096
801,140
517, 346
454, 326
474,080
417,475
541, 263
238, 712
139,921
210, 386
109, 629
89, 317
275, 722
286,133
1,177, 544
1,659. 539
28, 365
25, 632
38,856
24,827
354,405
319, 513
326, 344
291,930
2, 236, 010
2, 073, 322
1, 545, 530
1,153, 520
16, 957
85, 423
211,082
201,355
60,121
93, 365
106,850
110, 588
651,169
1, 342, 696
1, 740,493
673, 483
58,082
12, 225
23,367
55,325
11, 696
6,013
25, 287
27, 522
239,890
272,250
232, 339
243, 697
1,010,036
1, 519,137
1,464,486
1, 589, 735
61,202
54,386
57, 528
76, 729
116,228
90,998
88, 622
113, 785
154,486
55, 572
23, 762
83,117
43
40
36
30
37,096
47,503
51,448
63,660
23,355
28,341
34,411
29,347
243,599
301, 790
298,801
309,033
1, 541,106
1, 690,378
1,899,482
2,191,725
181,918
94,719
54, 682
97, 701
73,384
73,993
70,466
219,135
120, 689
79, 725
104,109
79,151
74, 253
90,479
99,050
25
28
28
30
47, 240
33, 578
94,151
97,480
30,189
18, 394
19,308
15,911
289,095
276, 221
230,937
213, 714
2,302,048
2,179, 513
1,635,775
1,012, 805
9,181
53,924
194,884
225, 637
67,
111,
109,
128,
678
190
580
689
526,471
836,910
1,498, 707
870, 224
.75
.75
.75
.75
105,900
115,900
127,060
142,800
32
32
36
38
43, 578
39, 683
54, 867
71,904 i
8,292
6,502
36,857
43,572
240,939
199,369
240,863
256, 980
1,013, 638
1,092,227
1,347, 554
1,468,286
107, 738
63, 388
56, 265
79, 347
119,927
111, 512
138,023
100, 659
146, 454
52, 241
35, 535
109, 954
.75
.75
.76
.78
143, 700
189,200
210, 000
41
46
56
64, 753
55,154
67,091
66, 546 !
28,822
27,884
17,038
16,227
267, 516
340,411
342,400
1, 361, 529
1, 580,756
1,819,170
198, 547
109,447
75, 260
113, 322
96,672
95, 605
80,319
250,971
121,075
87,965
157,858
1
1928
January
February
March
April
May
June
!
1
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 muriate
and 2sulphate used in fertilizers. "Total fertilizer" exports are made up largely of phosphate rock.
Data compiled by the National Fertilizer Association from reports of acidulators representing about 80 per cent of the industry; figures in greater detail divided into
northern and southern sections are obtainable from the association's reports. Details by sections for 1925 appeared in the January, 1926, issue (No. 53), p. 16. Tons are of
16 per
cent available phosphoric acid, which is equivalent to 320 pounds per ton.
3
Compiled from reports to the Texas State Comptroller from three companies, representing practically the entire industry. Figures given are for quarters ended in
month
indicated. Similar figures for quarters since June 30, 1923, were given in the April, 1927, issue (No. 68), p. 23.
4
Wholesale average monthly price of 66° sulphuric acid at New York from U. S. Department of Labor, Bureau of Labor Statistics.
6
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.
http://fraser.stlouisfed.org/
57), 6p. 17.
Average
for last three quarters of year.
Federal Reserve Bank of
St. Louis
83
Table 60.—COTTONSEED PRODUCTS
COTTONSEED OIL
COTTONSEED CAKE
AND MEAL
COTTONSEED 1
Refined
Crude *
YEAR AND
MONTH
ConStocks
Receipts sump- at mills,
at mills tion
end of
(crush) month
Production
Factory
con su m ption Stocks,
Produe- ,
end of
tion i
month!
In
Total
6
Stocks,
end of
month
(qtly.) s
Short tons
1913 xno.
1914 mo.
1915 mo.
1916 mo.
1917 mo.
av
av
av
av
av
1918 mo.
1919 mo.
1920 mo.
1921 mo.
1922 mo.
av
av
av
av
av
358, 344
351,443
304, 727
359, 686
268,135
354,433
392, 739
308,006
335,846
253, 578
1923
1924
1925
1926
1927
av
av
av
av
av
262,946
363,132
439, 520
486, 842
463,328
45,294
51,157
22, 512
138,164
8
788, 756
320, 871
8
8
463,114
357,084
95, 223
106,442
77,886
327,424
435, 341
592, 223
587, 386
592,748
81,146
96,286
125,987
147, 024
150, 538
61,544
72,957
72,816
75,790
108,330
75, 878
88,056
112,122
123,079
132,716
56,650
40, 357
23, 249
86,682
45, 562
20,973
12,099
20,689
29,437
15,142
8,281
9,936
62,584
34,460
16,780
18,259
976, 295
1,502,131
1,224,487
854,735
476,142
586, 835
934,643 1,153,247
984,561 1, 391,922
942,976 1,303,681
139,628
282,406
297,691
277,405
58, 262
102,309
131,181
158,348
75, 053
213,133
237,890
229,220
1927
January
February
March
April
581,856
473,340
358,989
103, 239
849,721 1,035, 766
686,786
818,715
615,072
561,686
352,994
311,931
250,386
205,051
186,914
106,887
175,190
155,429
139,879
123,141
205,929
201, 217
170,868
111, 408
May
June
July
August
56,611
55, 562
54,038
290,422
196,510
123,977
67, 661
161,423
171,852
103,407
89,784
217,894
62,182
36,106
22, 567
46,212
73,029
33,985
16,297
26,322
91,455
70,257
31, 789
32, 210
644,954
581,090
876,630 1,050,949
782,681 1,113,974
992, 049
605,206
178,018
272, 547
247, 523
192, 057
87,474
146,567
165, 069
157,578
100,849
194,676
205,888
176,051
1926
Mav
June
July '
August___
September
October
November
December
September
October
November
December
1,007,261
1, 282, 625
848, 706
483,281
457,924
259,179
364, 744
315,672
269,745
321,649
423, 562
495, 473
491,646
141,169
67,450
39, 620
74,731
8
gas,
$0 072
.066
.068
8
.106
116,385
238,965
.155
170,890
99, 087
101,457
97, 483
81,645
99,659
68,933
8
n\
Production i
Dolls,
perlb.
T h o u s a n d s of p o u n d s
98,545
104,564
93,865
48,503
mo.
mo.
mo.
mo.
mo.
oleo.
si
Stocks
at mills,
end of
month 1
Exports 8
Short tons
8
93,175
176,746
8
OL EOMARG VRINE 2
Production
Consumption
T h o u s . of lbs.
148,815
180,400
41,878
42, 062
60, 786
51, 330
16,890
712,102
712,002
712,151
712,709
23,937
11, 861
11, 798
11, 787
12, 404
19, 044
225,152
169, 226
223, 758 e1,456
183, 517
1,239
231,106
189, 530
271,659
253,101
188,105
.201
.239
.153
.079
.102
175, 239
182, 653
137, 015
149,183
114, 794
86,007
109, 522
198,187
143,476
133,357
486
26,172
14,168
24,399
18, 707
29,217
30,733
29,957
17, 840
15,380
26,877
29, 081
30,014
17, 518
14,969
1,705
1,693
2,029
1,954
2,052
156, 684
152, 824
225,114
209,153
414,015
.113
.110
.108
.118
.097
122,901
147, 394
197, 303
226,619
220, 629
127, 702
122, 743
139,910
226, 264
142, 922
14,349
25,907
33, 290
35, 088
36,713
18,839
19, 294
19,568
20, 293
23,042
18,872
19,156
19, 359
20, 226
22, 881
1,700
1,581
1,373
1,405
259, 203
192, 004
145,671
89,785
.145
.156
.151
.130
68,343
31, 587
16,013
35,113
285, 307
229, 855
142, 844
89, 711
6,689
12,382
17, 354
27,124
17, 719
17,922
16,445
15,635
16,646
17,901
15,906
17,294
1,775
2,091
2,158
2,008
63,723
133, 343
232,971
332,415
.113
.088
.083
.082
214,330
418,002
438,170
422,655
127,409
170,324
176,103
167,400
21, 749
74,115
47,544
92,370
20, 232
21,820
23,428
24,798
20,172
21, 766
23,800
24, 530
2,013
2,006
2,487
2,173
395,022
460,491
505,199
531, 376
.085
.091
.095
.091
377,425
310,075
278,417
164, 748
147,144
152,147
178,737
180, 741
81,099
61, 775
23,860
8,636
22,748
22,345
25,484
23, 569
21,859
20,356
27, 234
23, 267
1,974
1,909
1,559
1,745
507,762
460,163
378,613
274,711
.091
.092
.095
.100
84,889
57, 238
39,022
72,659
153,853
101,748
63, 632
45,116
21, 527
18,105
23,169
15,122
20,917
20,645
17, 214
20, 672
20, 799
21,171
16, 727
19, 387
2,113
2,228
2,260
2,154
225,782
310, 330
415, 833
502,901
.107
.109
.106
.100
258,685
391, 037
344, 591
268,757
109, 591
186,997
205,008
190,354
26,306
53, 834
63, 790
43,327
23,495
26,041
25,913
27,461
23,981
26,823
26, 256
26,717
168, 811
194,965
290, 279
280, 618
248,364
208,933
346,506
342,229
250,319
348,821
1928
January
February
March.
April_._
Mav
June
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 stocks in the May, 1922, issue (No. 9), p. 87.
2
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.
s 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. 36), p. 119.
1
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), p. 25.
7 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.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
84
Table 61.—FLAXSEED AND LINSEED PRODUCTS
FLAXSEED
Minneapolis and
Duluth »
YEAR AND MONTH
Imports l
Oil mills 3
(quarterly)
Argentina
Ship-
Produc- ments
tion 3
from
Minne-4
(qtly.)
Con- Stocks, Ex- Stocks,
Re- Ship- Stocks,
8
of sump- end of ports
end of
ceipts ments end
tion
qtr.
mo.7
mo.
apolis
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 a v . . .
1926 monthly av.__
1927 monthly av___
2,053
1,027
1,243
2,028
1,382
1,376
1,879
1,818
964
831
729
1,468
2,294
1,944
1,438
1,940
329
568
388
561
1,522
997
668
977
984
2,087
299
568
799
1,365
1,715
2,346
1,301
1,780
2,813
1,297
513
379
533
474
320
422
292
308
2,026
1,719
1,370
1,167
August
1,988
2,470
1,371
1,264
642
666
478
1,029
187
130
362
370
1,221
1,305
976
579
September
October
November
December
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
2,237
1,327
2,097
2,360
787
515
574
374
540
418
398
330
2,372
2,073
2,023
1,860
JulyAugust
2,376
2,925
1,381
1,123
491
488
429
717
338
214
606
496
1,381
1,444
908
589
September
October
November
December
1,716
1,758
1,491
1,029
5,512
8,230
4,088
1,079
1,102
2,008
3,241
2,035
1,583
5,246
4,671
3,997
Factory
consumption 3
(qtly.)
ShipStocks Whole|
ments
sale
at fac3
from
price,
Exports 1 i
tories
MinneNew
(qtly.) York« apolis 4
Dolls,
per lb.
Thousands of pounds
Thousands of bushels
1913 monthly av___
1914 monthly av__.
1915 monthly av___
1916 monthly av __
1917 monthly av___
1918 monthly av__.
1919 monthly av
LINSEED CAKE
AND MEAL
LINSEED OIL
6,176
1,066
3,336
2,761
3,219
2,099
464
1,284
2, 087
6,407
6,507
6,085
8, 543
9,522
10, 263
9,757
2,668
2,050
1,501
2, 760
3,331
3,997
3,687
3,446
4,463
3,038
3, 779
4,830
3,430
5,270
1,457
2,867
1,768
2,168
3, 433
3,517
4,667
4,975
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
3,820
2,960
3,235
5,200
4,600
4,600
4,400
7,147
7,513
7,394
7,779
5,200
6,800
7,000
8,000
6,728
4,817
5,130
4,565
6,500
5,000
5,400
4,800
5,629
3,600
3,000
2,400
2,000
132, 897
120, 550
93, 863
113,232
15,210
11,868
9,862
10,662
11,158
9,271
10,026
47, 286
65, 425
121,318
120,703
114,361
163,391
176, 397
189,962
180,122
7,856
8,157
8,156
10, 763
10, 958
13, 537
11, 057
53, 551
59, 706
85, 754
95,169
96,127
102, 935
103, 737
78, 457
99, 611
100, 718
85,549
81,482
130,026
150, 072
728
1,415
2,374
515
1,520
2,617
12G, 856
Thous. of lbs.
30,166
20, 684
17,188
18, 706
18,428 !
15, 998
18,473
72,478 i
42, 451
50,532 1
55 637
25.992
7,163
29, 479
.194
.093
.113
.133
.131
.139
.112
.105
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
49,149
55, 275
.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
.105
.104
.105
.106
20, 682
18,488
12, 732
11,178
61,103
54,322
64,866
64,896
.115
.112
.106
.107
7,801
6,600
7,281
10,145
41,403
51,036
52, 596
58, 947
.104
.099
.099
.096
19,420
31,492
34,857
52,
48,
58,
53,
$0.062
.067
.077
.103
.151
.212
.236
1926
January
February.
March
April
__
May
June
July
...
10,651
3,472
7,783
2,611
9,507
2,511
11,085
6,154
194,607
145,329
174,057
206,496
12,401
10, 545
11,141
11,081
10,182
11,870
10, 282
11, 904
14,153
11, 669
8,725
8,756
93, 905
190,421
107,281
128, 557
106,144
107, 213
102, 618
174,098
109,674
206, 319
120,147
152,628
120,117
117,212
1927
January
February
March
April
M^ay
June. __
._
11,037
3,087
8,983
3,490
9,051
4,276
202,162
167,232
169,274
1928
January
February
March
April
May
June
9,660
8,301
10,626
10,826
10,951
12, 502
9,379
10,859
12,970
13,202
9,253
984
625
522
999
r..;.
i
1
1
Compiled by the U. 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), p. 94, the data for each city being given separately
through
the February, 1925, issue (No. 42), p. 89.
3
Compiled by the U. S. Department of Commerce, Bureau of the Census, covering practically the entire production, factory stocks, and factory consumption, of fats and
oils and their raw materials. Quarterly data from 1920 appeared in the August, 1923, issue (No. 30), pp. 115 and 119. Data on flaxseed have been reduced to bushels from
original data in tons. Annual figures are quarterly averages. Data prior to 1919 collected by the U. S. Food Administration, and published in detail in the supplement to
Bulletin 769 of the U. S. Department of Agriculture.
4
Compiled by the Minneapolis Chamber of Commerce.
8
Compiled by the 17. 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 1Yi pounds to the gallon. Monthly data from 1909 appeared in the November, 1926, issue (No. 63), p. 26.
6
Compiled by the Argentine Ministry of Agriculture, and converted to bushels from original data in metric tons. Monthly data from 1920 appeared in October, 1923,
issue7 (No. 26), p. 50.
Compiled by the Oil, Paint, and Drug Reporter, representing stocks on the Saturday nearest to the end of the month.
85
Table 62.—TOTAL VEGETABLE OILS AND COPRA
TOTAL VEGETABLE OILS
YEAR AND MONTH
COPRA
COCONUT OR COPRA OIL
Stocks, end1 of
end of
Production * Factory consumption Stocks,
quarter
quarter *
Factory
Fac- Stocks,
Procontory
Im 3
ExIm
Im
Refined
duc- sumpcon- end of ports
ports ' ports3 ports 3 sumpRetion i
tion,
In
ReCrude fined Crude1
tion i
crude * Crude Refined
oleo- Crude fined
Total i margarine 4
Short tons
Thousands of pounds
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av _ 578,478
1920 monthly av._ 474, 776
1921 monthly av. _ 504, 318
1922 monthly av__ 434, 658
1923 monthly av_. 505, 647
1924 monthly av._ 554, 950
1925 monthly av__ 660, 727
1926 monthly av__ 726,115
1927 monthly av
1936
January
February
March
May
Juns
July
August
September
October
November
December
1927
January
Februarv
March
April
May
June
July
Auinist
September
October
November
December _.
635,803
506,533
283, 591
511,121
504,034
459, 447
519, 273
576, 568
681,077
766,873
378,498
332,003
324,227
308,159
276,696
343, 732
410, 392
352, 768
263, 529
223, 992
197,604
194,496
241,777
395,392
876,906
910,626
484,717
330,915
416,509
596,830
319,415
289,331
445,151
481,005
341,633
200,694
1,165,895 1,079,030
495,804
760,629
960,357
974,980
511,200
528,426
487,201
661, 634
396,479
487,136
524, 720
550,497
403, 776
251,440
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
16,863
21,964
6,978
4,744
4,117
5,729
3,643
5,893
71,390
28,499
53, 298
52, 295
67,641
55, 368
55,815
58,697
8,966
7,888
11,206
13,874
12,128
15,170
19,067
18, 793
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, 533
21,288
19,813
21, 793
20,015
6,967
8,435
6,950
6,050
51,953
38,212
48,137
72, 305
19,681
12, 520
14, 747
19,107
8,519
5,892
3,775
1,767
74, 369
62,498
66,828
50, 092
20,418
14,162
15, 215
19,311
2,086
5,307
6,484
8,481
55,985
55, 387
68, 589
60, 010
21, 694
15, 660
23,422
29,582
Thousands of pounds
42,153
22,184
25, 276
21, 525
35,881
46,245
37,066
40,177
50,430
10,665
5,869
10, 705
6,615
8,224
10,923
18,482
48,520
6,225
49,771
15,278
51,446
31,660
51,981
20, 765
55,890
16,755
54,839
11,153
50,945
9,340
6,016
4,834
5,264
5,362
13,591
29, 674
23,422
18,027
15,810
18,943
15,157
18, 730
19,431
20,428
24,531
21,377
21,644
11, 703
20,484
12,299
17,676
22, 538
20,950
16,127
21,219
33,713
25,400
31,588
16,153
16,130
35,149
26, 538
21, 273
16,997
21,469
25,936
22, 702
30,095
29,339
53,886
69, 273 105,564
53,054
155,220
34,958
32,805
28,299
46, 381
58,980
47,839
51,901
65,178
46,486 73, 525
30,669 60, 274
33, 811 75, 721
43,095 90, 377
43,430 99,943
49,280 96,364
57,809 108,122
59,025
36, 851
41,270
52, 985
52, 725
51,444
51,823
93,277
« 5, 316 73,550
4,480 115,996
6,326 72, 692
6,938 48,846
7,576 51,322
8,137 69,989
10,133
28,664
19,051
23,522
25, 527
14,895
13,616
12,943
63,089
47,407
87,039
45,877
64,407
64,745 105,316
57,750
66,098
60,491 117,058
52,257
67,119
58,593 123,073
51,408
72, 567
57,188 129,479
58,542
71,032
63,839 138,382
55, 275
65,607
57,003 131,384
54,822
9,327
8,132
8,925
7,996
6,713
6,736
6,138
6,190
8,127
8,895
9,850
10, 611
9,837
9,679
11,169
10,279
62,692
12, 698
65,868
12,372
67,038
11,880
84,357
14,821
92,660
13,226
8,754
8,144 108,434
7,248
8,840
10,436
12,286
12,373
13,549
90,679
15,545
15,430
1928
February
March
April
May
•Tune
* Compiled by the U. S. Department of Commerce, Bureau of the Census, covering practically the entire production, factory stocks and factory consumption of fats and
oils and their raw materials. Quarterly data from 1920 appeared in the August, 1923, issue (No. 30), pp. 115 and 119. Annual figures are quarterly averages. Data prior
to 1919 collected by the U. S. Food Administration, and published in detail in the supplement to Bulletin 769 of the U. S. Department of Agriculture. Data on production
and consumption of total vegetable oils represent those in the crude state.
2
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, including cottonseed, corn, and linseed oils.
3
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports of total vegetable oils include the following oils: Chinese nut,
cocoa butter, coconut, cottonseed, olive (both edible and inedible), palm, palm kernel, peanut, rapeseed, soya bean and linseed. The figures for Chinese nut, inedible olive,
ana 4 rapeseed oils, when reported in gallons, have been converted into pounds, allowing 1% 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 Jtily, 1921, together with figures for other ingredients consumed in the manufacture of oleomargarine are given in the March,
1926, issue (No. 55), p. 25.
» Six months' average. July to December, inclusive.
86
Table 63.—ANIMAL FATS AND OILS
ANIMAL FATS
Factory Stocks,
Produc- conend of
sump- quarter
tion
tion
YEAR AND
MONTH
LARD COMPOUNDS AND
SUBSTITUTES
GREASES
Production
Fac- Stocks,
tory
of
con- end
sump- quarter
tion
FISH OILS
Stocks,
Produc- end of
tion
quarter
Production
ANIMAL GLUES
Fac- Stocks,
tory
of
con- end
sump- quarter
tion
Production
Stocks,
end of Shipquar- ments
ter
(2)
EDIBLE
GELATIN
Pr_
Stocks,
du£ e n d o f
don 1 <*«£-
Thousands of pounds
1919 qtly. av_.
1920 qtly. av__
1921 qtly. av__
1922 qtly. av_.
1923 qtly. av__
1924 qtly. av .
1925 qtly. av _
1926 qtly. av_.
1927 qtly. av
1925
Jan. 1-Mar. 31
Apr. 1-June 30
July 1-Sept. 30
Oct. 1-Dec. 31.
1936
January
Februarv
March
April
May
June__
July
August
September
October
November
December
1927
January
February __
March...
April
367,518
410,677
473,266
511,451
612, 912
613, 290
497,864
529,623
144,308
149, 275
141, 324
139,043
140, 991
151, 862
141,084
148, 649
138,071
185, 283
226, 631
175, 481
144, 576
162, 018
142, 382
176, 817
69,647
86, 384
85, 222
94,430
102, 285
99, 111
89,849
91,384
51,566
49,023
44,325
61, 548
66,911
61,498
59,960
59, 782
67,429
69, 741
95, 592
53,127
57,045
48,097
41, 927
46,621
3 156,770
196,045
187, 631
207,609
288,155
285,177
593,673
486,311
405,433
506,038
155,839
141,989
141,319
125,188
183,015
182,100
101, 724
102,691
98, 793
90,282
82,108
88,211
57,341
53,851
64,440
64,208
37,499
46, 217
42,457
41, 535
257,695
252,818
305,911
336,197
3 9, 517
15,671
11, 756
16,182
18, 674
18,312
8,230
16, 507
13, 916
19, 754
21, 326
17, 271
25, 291
20,662
9,791
12,046
19,990
27, 513
29,675
29,067
38, 581
36,141
44, 609
45, 238
54,009
47,425
43, 228
46,105
56, 225
67,894
23,660
25,015
24,924
24,272
25,043
52, 442
50,370
39, 899 8 6,674
18,197
17, 581
16,061
22,857
16,613
9,217
49,091
26,242
41,807
35,560
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
578, 037
126,933
186, 556
88,806
65,977
41,934
288, 785
16,660
6,987
32,402
35,832
27,609
44,854
542,422
153, 725
198, 259
89,986
56,630
45,676
270,663
15, 536
7,872
36,449
61,665
24,289
42,842
498, 741
160,387
180, 522
91, 545
62,434
48, 676
242,366
18,127
44, 252
41,010
86,640
20,364
36, 675
499,291
153, 549
141,931
95,197
54,088
50,198
338,894
22,926
23,537
34,702
87,440
27,911
35, 226
160, 788
187,221
96, 330
50,492
49, 207
325,972
30,059
9,455
39, 552
62,185
28,040
36,429
583, 333 1, 711,122
223, 953
102, 616
49, 581
50, 750
253, 858
23, 705
7,008
42, 836
72, 569
24,180
36,124
188, 769
91,020
54, 606
51,163
348, 208
22,929
36,869
41,495
84,421
23,100
33,063
561,429
May
June
July
August
_
September
484, 996
October
November. __
December. _ _
1938
January
February
March
April
161, 320
7,270
7,012
6,943
7,525
6,013
6,226
6,073
6,222
6,447
7,130
6,937
6,292
6,731
6,724
6,546
6,175
5,840
5,797
5,902
6,076
6, 075
7,113
3,305
3,541
3,134
3,868
<9,891
• 10, 454
9,084
8,650
4,258
2,829
« 1,440
4,009
11,271
8,931
« 7,146
8,990
4,637
10,104
3,894
8,882
2,401
7,191
4,541
8,421
5,344
9,265
5, 055
9,277
2,497 i
7,297
|
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 comsumption, and factory stocks. Quarterly data from 1920 appeared in the August, 1923, issue (No. 36), p. 115, except on animal glues and edible gelatin, for
which
quarterly figures were not begun until 1924 and 1925, respectively. Further details are given in the quarterly press releases.
2
Compiled by the National Association of Glue Manufacturers from reports of 15 companies estimated to represent 70 per cent of the output of the industry.
Sales3 between members are excluded to avoid duplication. Further details
are given in the association's reports.
6
Average of last two quarters of the year.
* Stocks on Dec. 31. fi Certain reports missing which would make totals slightly larger.
Monthly average.
87
Table 64.—CROP PRODUCTION
[Base year in bold-faced type]
WHEAT
CORN
Winter
YEAR AND MONTH
Spring
OATS
BARLEY
RYE
RICE
Tota
POTA- APPLES FLAXTOES
SEED
(total)
HAY,
TAME
TOTAL
VALUE
OF ;
CROPS 2
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
100
154
100
84
151
144
149
108
64
92
100
_.
1921 final estimate
1922 final estimate
1923 final estimate..
1924 final estimate
1925 final estimate
1926 final estimate
1927 preliminary estimate.
129
93
91
92
127
145
134
171
85
140
137
91
121
135
88
118
132
115
126
128
92
116
133
111
125
90
112
98
141
83
120
124
130
126
100
99
110
95
113
92
104
118
100
100
135
109
139
135
104
131
113
107
113
85
108
99
103
94
106
114
131
130
109
105
100
100
100
100
100
105
119
99
115
144
124
150
122
101
130
99
135
172
80
110
115
174
146
124
95
139
252
162
115
96
80
209
177
90
81
102
168
219
113
127
84
171
158
101
56
99
286
174
127
115
107
175
142
116
115
98
181
137
118
97
116
129
140
90
98
100
113
176
99
140
144
162
169
112
70
1909-1913
1914 final
1915 final
1916 final
1917 final
1918 final
1919 final
average...
estimate..
estimate..
estimate..
estimate..
estimate..
estimate..
445,013
684,990
673,947
480, 553
412,901
565, 099
760, 377
245,095 690,108
206,027 891,017
351, 854 1,025,801
155, 765 636, 318
223, 754 636, 655
356, 339 921,438
207, 602 967, 979
2, 712, 364
2, 672,804
2,994, 793
2, 566,927
3,065, 233
2, 502, 665
2,811,302
1,143,407 184, 812
1,141,060 194,953
1, 549, 030 228, 851
1, 251, 837 182, 309
1, 592, 740 211, 759
1, 538,124 256, 225
1,184, 030 147, 608
1920
1921
1922
1923
1924
1925
1926
estimate..
estimate..
estimate..
estimate..
estimate..
estimate..
estimate..
610, 597
600,316
586, 878
571, 777
592, 259
401, 734
627, 433
222, 430
214, 589
280, 720
225, 617
272,169
274, 695
203, 607
833, 027
814, 905
867, 598
797, 394
864,428
676, 429
831, 040
3, 208, 584
3,068, 569
2,906,020
3, 053, 557
2, 309,414
2,916,961
2, 692, 217
1, 496, 281
1,078, 341
1,215, 803
1, 305,883
1, 502, 529
1,487, 550
1, 246,848
543,300
567, 762
626,482
626,482
626, 482
626, 482
627,433
199, 595
212, 719
212,109
213, 336
213, 336
205, 376
767, 357
839, 201
838, 591
839, 818
839,818
832, 809
1926
May 1 estimate
June 1 estimate
July 1 estimate...
August 1 estimate
September 1 estimate
October 1 estimate
November 1 estimate
December 1 estimate
1927
May 1 estimate
June 1 estimate
July 1 estimate
August 1 estimate
September 1 estimate
October 1 estimate
November 1 estimate
December 1 estimate
100
104
128
136
124
114
130
134
100
41
53
87
161
115
99
136
123
143
133
145
128
129
158
122
Thous.
of tons
Thousands of bushels
YEAR AND M O N T H
final
final
final
final
final
final
final
100
70
72
73
47
68
37
55
_
593,940
537, 001
579, 416
552, 767
552, 767
552, 767
552, 767
552, 384
274, 218
308,125
313, 771
313, 771
319, 307
853, 634
851,145
860,892
866, 538
866, 538
871, 691
2, 660, 780
2, 576, 936
2, 697, 872
2, 679, 988
2, 693, 963
2, 646, 853
2, 274, 424
2,385, 226
2, 456, 561
2, 603, 437
2, 753, 249
2, 786, 228
1, 334, 250
1, 311,159
1, 263, 619
1, 282,414
1, 282, 414
1, 250, 019
1, 349, 026
1, 278, 741
1,191, 396
1,205, 639
1, 205, 639
1,195,006
36,093
42, 779
54,050
107
121
159
236
251
270
191
157
175
163
154
137
148
Millions
of dollars
62, 933
91, 041
75, 483
23, 770
23, 649
28, 947
40, 861
34, 739
38, 606
41,985
357, 699
409,921
359, 721
286, 953
442,108
411, 860
322,867
176, 340
253, 200
230,011
193, 905
166, 749
169, 625
142,086
19, 543
13, 749
14, 030
14, 296
9,164
13,369
7,178
67, 097
70, 071
85, 920
91,192
83,308
76, 660
86,997
5,702
6,112
6,907
9,054
13,479
14,331
15, 423
189,332
154, 946
182,068
197, 691
181, 575
213,863
184,905
60, 490
61, 675
103, 362
63, 077
65,466
46, 456
40, 795
52, 066
37, 612
41,405
33,717
32,498
33,309
41, 730
403, 296
361, 659
453,396
416,105
421, 585
323,465
354, 328
223, 677
99,002
202, 702
202,842
171, 725
172, 389
246, 524
10, 752
8,029
10, 375
17,060
31,547
22,424
19, 335
89, 785
82,458
95, 748
89,250
97, 622
85,717
86, 497
10, 909
6,934
8,945
9,953
9,291
8,790
7,793
190, 959
191, 088
195, 204
196, 762
196, 762
188, 340
44, 791
41,131
39, 666
41,870
41, 870
41, 870
41, 870
41, 010
39, 633
40, 543
39, 267
39, 436
39, 436
41, 006
333, 540
345, 569
351, 558
350, 821
360, 727
356,123
208, 412
218, 920
242,114
234, 252
246, 262
246, 460
19,886
19, 090
19, 255
19, 492
18, 779
18, 592
78, 818
77, 942
78, 928
83,158
83,158
83,158
242, 730
248, 736
259,406
264, 703
264, 703
265, 577
47, 861
48, 635
61, 820
61, 484
61,484
61, 484
61, 484
58, 572
39, 864
39, 336
39,188
37,895
39, 299
40, 231
392,943
410, 714
399, 798
394, 757
400, 305
402,149
136, 701
127, 507,
123, 574
123,115
119, 333
123, 455
21, 588
23,308
23, 935
24, 270
24, 321
26, 583
101, 035
102- 078
101, 269
103, 773
103, 773
106, 219
8, 429
1
Yearly figures represent the latest revised estimates of total production for the year as reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
Monthlyfiguresare estimates of the current year's crop as made during the first week of that month. The preliminary estimates made in December of each year are subject
to revision
in the final estimate made in December of the following year.
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.
88
Table 65.—WHEAT FLOUR
GRINDINGS OF
WHEAT
CONFLOUR SUMPMILLS TION
PRODUCTION
United States
United
States 2
YEAR AND
MONTH
(Census)
Canada s
Thous. of bushels
CanActual a Prorated * ada 3
(Census) (Russell)
Thousands of barrels
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__
1927 monthly av
s 42,872
41,277
39, 836
41,191
41,754
6,386
6,886
7,418
6,940
7,110
8 9, 288
8,943
8,646
8,956
9 096
Grain
offal 2
Capacity
operated 2
Computed *
Thous. of Per cent
lbs.
STOCKS (end
of month)
All positions
(computed)
8,156
9,433
9,146
10,102
10,466
10,480
11,047
10,417
10, 603
1,421
1,559
1,661
1,547
1,580
8,237
8,569
9,291
9,223
9,719
9,492
9,626
8,943
7,148
7,220
7,701
7,344
7,046
7,197
8 56
54
52
54
54
1926
January
February
March
April
40,358
34, 573
38,027
35,234
6,347
6,466
7,249
6,367
8,679
7,429
8,289
7,589
10, 287
8,881
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
6,000
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
SeptemberOctober..
November
December
49,317
48,727
43, 922
40, 624
7,323
10,029
9,495
7,777
10,843
10,678
9,618
8,909
12, 681
13,029
11, 315
10. 537
1,634
2,231
2,089
1,715
844, 774
834,908
750,008
695,130
67
63
59
53
10,921
11,444
10, 668
10, 629
8,500
8,700
8,000
6,700
1927
January
February.
March
April
39,354
36, 569
40,908
38,184
6,819
5,615
6,643
5,281
8,624
8,023
8,953
8,309
9,676
8,996
10,396
9,667
1,496
1,231
1,455
1,154
676,292
624,025
701,789
659,198
53
53
50
49
7,867
8,572
10,074
8,551
7,500
7,080
6,500
6,600
38,924
39, 085
38,597
44,099
6,658
6,000
4,662
5,276
8,497
8,500
8,388
9,617
9,532
9,261
9,256
10,458
1,455
1,314
1,019
1,158
672,824
675,003
668, 232
761,468
52
49
51
54
8,733
8,450
7,918
8,906
6,300
6,250
6,800
7,300
48,131
49,792
44,882
42, 517
6,925
9,138
9,656
10,470
10,817
9,735
9,217
11,816
12,540
11,337
1,528
2,005
2,120
833.108
866,410
782,841
743, 687
64
61
59
53
9,346
11,617
11,111
8,490
7,900
6,800
May .
June
July
August
.
_ _
September.
October
November
December
1928
January
February
March
April
WHOLESALE
PRICES i
StandWinter
ard
Held
United Canpat- straights
by
ents Kansas
mills 3 Statess ada «
Minne- City
(qtly.)
apolis
Dollars per barrel
Thousands of barrels
9,703
9,338
9,919
9,815
9 317
11,091
8 762,163
734,824
702,318
723,384
722,073
EXPORTS
•3,965
3,891
3,888
3,122
4,217
4,336
4,127
3,566
4,267
1,023
1,064
1,305
1,198
1,160
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
1,068
394
606
790
928
956
860
871
772
12.68
8.34
7.30
6.38
7.18
8.83
8.44
7.43
11.58
7.05
6.14
5.36
5.98
7.67
7.24
6.69
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
1,009
874
867
1,016
774
748
1,029
415
7.46
7.42
7.33
7.25
6.55
6.54
6.58
6.58
1,099
863
788
1,052
804
847
449
514
7.83
7.91
7.81
7.60
6.96
7.06
6.92
6.77
1,281
1,513
1,326
1,126
677
899
1,149
957
7.07
7.23
7.15
7.10
6.64
6.54
6.58
6.56
..
May
June..
1 Wholesale prices from U. S. Department of Labor, Bureau of Labor Statistics, represent averages of weekly quotations. Monthlyfiguresfrom 1920 appeared in May,
19222issue (No. 9), p. 91.
Compiled by U. 8. Department of Commerce, Bureau of the Census, from reports of over 1,000 mills each month, which produced about 88 per cent of theflourmanufactured in 1923, and over 91 per cent in 1925, according to the census of manufactures. This increase has been due partly to the addition from time to time of other firms
to the
3 reporting list. Stocks include flour owned by millers whether in mills, elevators, or in transit.
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
19224appeared in May, 1925, issue (No. 45), p. 27.
Reported by U. S. Grain Corporation prior to July, 1920, covering practically the entire industry; beginning with July, 1920, from Russell's Commercial News, the
production and stock figures being prorated to 100 per cent from representative current data bearing a known relation to the total figures. Stocks represent flour in all
positions. Consumption is calculated from production, stocks, exports, and imports. Monthly productionfiguresfrom January, 1914, are given in the October, 1922, issue
(No. 14), p. 47.
« Exports of flour from U. S. Department of Commerce, Bureau of Foreign and Domestic
Commerce.
67 Exports of flour from Canada from 8Department of Trade and Commerce, Dominion Bureau of Statistics.
No quotations.
Average for last six months of year.
• Average for two periods only, June and December.
89
Table 66.—WHEAT AND CORN
CORN
WHEAT
Stocks (end of month)
YEAR
AND
MONTH
ReVisible supply2
Held
ceipts
by
mills
(quar- United
terly) 6 States Canada
Ship- United States »
ments 3
Ex- Wholesale
ports 6 prices
Wholesale
prices*
Exports
Canada7
No. 1
Northern
Includ
Includ spring
ing
Wheat
ing
Wheat
Minnonly
only
wheat eapolis
wheat
flour
flour
Visible
No. 2 supply, ReShip ? Grind- Corn,
end of2 ceipts 3 ments
red
inings*
win- month
cludter,
ing
Chicorn
cago
meal
Dolls, per bu.
Thousands of bushels
Cash,
contract,
grades
No. 3,
Chicago
Dolls,
per bu.
Thousands of bushels
14,198
8,292
14, 432
17,161
12,838
8,850
12, 897
19, 277
23,034
18, 230
14, 072
8,378
10, 540
5,993
13,145
15, 804
10, 214 $0. 874 $0.99
1.01
1.003
12, 291
1. 306 1.31
8,081
1.35
1.411
16,115
19, 094 2 325 2.28
11,117
11, 486
16, 210
12, 736
6,122
21,158
17,447
4,195
3,817
4,664
5,276
10,233 | 4,952
32, 517
31,493
27,038
36, 369
35, 009
16, 353
19,919
23, 252
24, 318
23,107
9,265
12, 341
18, 191
23, 338
13, 724
17, 405
22, 259
25, 636
29, 639
19, 359
12, 533
3.484
6,498
10, 776
11, 374
16, 309
7,260
8,271
13, 503
14, 929
2.191
2. 566
2. 558
1.466
1.345
2.21
2.34
2.52
1.44
1.24
10, 266
4,101
6, 254
20, 686
25,137
24, 774
14, 995
17, 985
28, 409
32, 814
13,525 | 6,142 jj 3,922
8,845 I 5,411 ! I 1,334
9,653 I 5,055 || 1,769
18,949 i 4.875 !| 11,015
21,552 ! 5,566 11 13,844
1.61
1.60
1.41
.58
.62
32, 363
40,878
29,993
32, 519
40,105
18,038
29, 891
21, 266
19, 388
8,211
13, 859
7,700
11, 504
14, 014
14, 327
19,861
11, 306
15, 973
18, 819
17, 923
21, 406
18, 529
20, 843
21, 255
22, 099
25, 708
22, 398
24, 765
24, 728
1.181
1.289
1. 607
1.549
1.368
1.17
1.28
1.77
1.55
1.38
11, 660
12, 870
16, 981
30, 041
33, 073
22, 642
23,179
18, 887
19, 831
20, 618
14, 211
14, 033
11, 261
10,149
11, 424
5,513
6,279
5,855
6,341
3,724
1,681
1,122
2,101
.82
.97
1.04
.76
6,933 |
1,250
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
1913 m.a i.
1914m.a._
1915 m.a..
1916 m.a. _
1917 m.a_.
50,802
57, 379
38,155
65, 974
30, 393
32, 665
32, 604
32,173
61, 055
47,831
18, 861
21, 619
1918 m.a..
1919 m.a__
1920 m.a..
1921 m.a_.
1922 m.a. _
51, 051
78, 231
41, 987
36, 795
37,131
25, 871
32, 750
24, 583
36, 516
56, 510
1923 m.a. _
1924 m.a..
1925 m.a.. 8 67,712
1926 m.a.. 85,415
1927 m.a. _
57, 601
71, 724
51, 241
49, 875
61,098
63, 701
70, 359
63, 749
77, 741
80, 399
3, 910 $0. 63
1,418
.70
4,185
.73
4,603
.83
4, 751 1.64
i
I
1926
Jan
Feb...
Mar
Apr
May...
June
July—
Aug..Sept
Oct....
Nov
Dec...
1927
Jan
Feb....
Mar
Apr._.
May...
June
July...
Aug—
Sept
Oct—.
Nov
Dec...
64,639
35, 834
124, 773
116, 413
85, 772
52, 590
115, 728
2,411
1,700
3,773
2,533
5,452
4,613
6,900
6,285
13,199
14, 074
14, 734
5,526
16.424
17, 862
20, 593
8,594
1.728
1.671
1.574
1.610
1.87
1.85
1.68
1.69
29, 519
14,011
12, 358
9,874
11,465
10, 290
39,057
34,937
30, 851
25, 596
19,994
13,166
66, 521
39,900
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
18,971
27, 792
16, 306
9,541
22, 246
32.425
20, 709
11, 608
1.583
1.586
1.693
1.501
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
81, 780 44, 754
77, 714 83, 719
78,412 119, 790
68,125 117,796
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
14,973
10, 575
30, 573
43,947
44,879
13, 330
34,905
49, 624
48,861
1.415
1.433
1.401
1.422
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
59, 731 116, 613
58.454 115, 350
51,404 109, 392
40.455 83,121
24, 595
16,605
14,420
13, 757
10,413
12,164
17,636
8,078
4,889
5,084
11, 263
12, 619
8,822
8,987
15,836
12, 571
11,422
16,395
20,182
16, 054
14, 788
21,026
22,050
1.413
1.403
1.359
1.341
1.37
1.37
1.34
1.34
40, 616
47, 792
50,079
39,130
27,638
24, 667
19, 310
10,451
10, 638
8,500
10, 111
12,326
8,095
5,855
6,491
6,316
2,017
2,023
2,180
1,548
.77
.76
.73
.74
30,002
23, 544
36,104
67, 273
64,600
49, 247
44, 237
28,264
19, 258
20, 665
58,800
81,632
17, 556
16, 675
25, 489
46, 583
8,960
7,459
8,397
23,402
13, 903
11, 342
11,942
28,137
28, 698
15, 863
6,620
12,197
32, 316
19, 673
8,641
14, 510
1.444
1.456
1.440
1.427
1.44
1.45
1.43
1.40
31, 528
36, 239
31,900
23,805
12, 599
26, 241
15,125
16, 758
10,142
13, 282
12, 090
11, 762
6,528
7,339
6,733
7,304
1,717
1,124
734
475
.87
1.00
1.02
1.09
84, 630 22, 958
94, 607 62,492
96, 468 121,009
90, 506 147, 506
79, 740
73,244
44,823
26, 522
50, 374
49,252
35,156
19,440
33, 748
29,236
20, 731
6,917
39, 509
36,045
26, 696
11,986
14,071
19,430
52, 805
44,809
17,118
23, 475
57,976
49,114
1. 323
1.275
1.264
1.275
1.32
1.34
1.35
1.38
25,110
21, 847
20,439
28, 390
22,116
18, 448
16, 971
37, 088
12, 257
9,665
10, 256
16,064
7,561
8,613
8,064
6,301
571
538
861
1,206
.99
.88
.87
.87
49,473 111, 121
44,686 106, 748
35, 433 101, 279
30,780 91,348
21, 640
16,188
15,101
20,125
13. 273
31, 959
66, 739
1928
Jan
Feb
Mar
Apr
MayJune.-.
*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.
Data from Bradstreefs 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.
* 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 4 ^ 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.
7
http://fraser.stlouisfed.org/
Exports from Canada from Canadian Department of Trade and Commerce, Dominion Bureau of Statistics.
8
of St.
two Louis
quarters, June and December.
Federal ReserveAverage
Bank of
90
Table 67.—OTHER GRAINS
BARLEY
TOTAL
GRAINS
OATS
Whole-
Receipts
YEAR AND
MONTH
RYE
Visible
at
prin- supply,
cipal
end of
nterior monthmarkets*
sale
ReExports, prices, ceipts
Receipts
Exports, Wholesale
includ- by samat
at
Visible includ- prices,
ing
ple, fair prin- supply,
ing
prinNo. 2
flour to good
end of
cipal
flour
cipal
cash,
malt- interior month 6
as
interior1
as
Chi-4 markets
ing,
grain 3
margrain * cago
Chi-4
kets^
cago
Thousands of bushels
mo.
mo.
mo.
mo.
mo.
mo.
mo.
av_
av_.
av_.
av_.
av_.
av_.
av_.
9,058
7,435
8,385
9,438
6,907
6,118
7,746
5,021
5,241
4,071
5,040
4,818
4,483
1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 m o .
av_.
av_.
av_.
av_.
av_.
av_
av_.
av_
3,815
3,321
3,367
3,904
5,207
5,517
3,498
5,459
1926
January
February. _.
March
April
Per
bushel
Thousands of
bushels
Per
bushel
Canada»
ExExports,
ports, WholeincludVisible including
sale
Producsupply, ing
oatflour
cash,
tion,
end of
and
Chi-4 Grind- oatmeal
month 2 meal
meal as
as
cago
and
ings
grain •
rolled grains 3
oats
Thousands of bushels
Per
bushel
13, 018
155
189
1,138
1,320
1,224
1,359
3,375
$0.64
.77
1.09
1.11
1.87
1.94
1.53
20, 694
22, 200
22, 651
27, 299
24, 844
28, 335
19, 264
22,907
24, 390
20, 481
30, 336
23, 493
22, 703
22,898
3,018
223
8,993
8,791
9,370
10,815
5,551
.42
.50
.46
.64
.78
.70
3,712
2,573
5,353
3,683
5,414
2,489
1,717
3,479
7,323
2,785
5,516
14, 017
16, 288
10, 340
10,493
5,304
4,938
2,512
3,985
2,667
3,082
2,408
1,003
3,014
1.87
1.21
.89
.75
.92
1.13
.96
1.05
17,801
17, 880
19,063
19,974
22, 046
19, 512
13, 514
12, 399
17, 609
50, 863
49, 317
19,637
30, 675
58, 742
48,603
27,852
1,357
698
2,979
966
694
3,109
1,561
1,127
.80
.39
.40
.44
.51
.47
.43
.50
783
311
436
734
1,520
1,082
1,032
1,301
6,236
5,871
13, 079
13, 271
197
186
369
1,424
1.05
.97
.89
14,948
11,128
11, 622
13, 762
66, 284
61, 896
54, 237
48, 704
3,293
2,835
2,299
3,581
1,352
1,386
1,523
1,364
1,202
802
2,007
9,984
10, 748
9,325
3,219
1,085
2,195
318
.91
1.04
1.01
12, 378
13, 400
9,241
23,078
SeptemberOctober
NovemberDecember-.
6,953
4,445
3,668
3,027
5,008
4,823
4,902
4,492
2,663
939
1,080
1,363
3,900
2,688
2,254
1,453
11, 052
12,594
12,751
12,343
2,130
137
162
613
.97
1.01
.96
.97
1927
January
February...
March
April
2,663
2,347
2,254
2,210
4,180
3,790
3,002
1,619
1,006
1,257
2,121
1,151
1,281
2,156
1,485
1,449
12, 591
13, 655
14, 048
6,249
591
786
4,500
May
June
July____
August.
2,167
2,579
1,871
11,108
947
1,143
891
3,532
1,337
1,186
2,360
4,065
3,272
1,358
1,444
4,293
2,213
947
1,376
3,083
September
October
November
December
15, 547
10,908
7,654
4,199
4,900
4,398
4,338
2,707
6,637
6,927
6,490
3,425
10, 512
7,496
4,619
2,386
2, 207
1,595
2,412
3,275
1, 461
554
2,211
1,874
1,488
1,897
3,369
$0.63
.62
.70
.87
1.32
1.31
1.22
1,294
1,648
1,809
1,936
1,912
2,777
3,988
3,438
2,913
2,008
2,352
2,498
3,997
4,648
2,939
1,488
2,153
1,536
984
1,477
2,381
1,131
3,164
1.26
.64
.63
.66
.82
.85
.70
3,034
2,588
2,958
2,528
6,971
7,919
5,220
4,436
May
June
July__._
August _
3,058
3,104
1,466
5,150
1913
1914
1915
1916
1917
1918
1919
Thous.
Thous.
of bus.
of lbs.
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
821
821
1,053
855
893
9,610
10,322
15,362
11, 098
11, 716
1,447
873
810
3,043
894
904
764
13,994
11,898
11,205
9,523
12, 702
8,901
10, 785
13, 696
39, 995
38, 768
34, 489
42, 529
3,255
2,429
1,468
1,028
589
652
800
841
6,990
9,137
11, 224
11, 309
21, 758
17, 773
26, 059
39, 512
16, 783
14, 333
11, 309
10,188
50,194
49, 732
50, 063
46, 341
1,762
860
951
1,099
1,036
1,215
927
14,893
14, 068
15, 026
11, 329
38, 326
27,251 j
24,678 J
19, 787
1.02
1.05
1.00
1.03
14, 377
10, 053
10, 272
9,127
614
321
395
1,095
791
44, 625
38,155
30,298
5,861
3,601
339
1,325
1.13
1.15
1.10
.97
11,888
9,701
8,125
21,413
22,350
18,110
12,270
22, 501
3,459
1,737
777
1,795
7,743
6,425
2,889
1,309
.97
1.00
1.06
1.09
17,223
13,914
11,961
10, 733
26,430
25,182
24, 429
22, 982
1,038
891
672
724
734
632
7,711
8,603
6,661
8,148
8,513
9,749
659
805
791
9,785
1,107
1,027
1,110
13,357
11,650
13,565
20, 796
21, 769
27,381
17, 060
13, 014
14, 469
24,130
26, 277
18,990
16,152
35, 796
55, 498
50, 826
37, 608
18,750
1928
January
February. _.
March
April
May..
June..
1
Receipts of oats compiled by Chicago Board of Trade and reported by Price Current Grain Reporter, while receipts of barley and rye are compiled by the Federal Reserve
Board
from receipts at 17 interior centers. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
2
Data from BradstreeVs, 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
flour4 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.
8
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
19226separating 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.
91
Table 68.—RICE, FRUITS, VEGETABLES, AND HAY
RICEi
Paddy at
California
warehouses
YEAR AND
MONTH
Shipments
Stocks,
end of
month
Southern
paddy
Shipments
Total
movement
Receipts to mills
at mills
Total
from
mills
Barrels or sacks of 162 pounds
1913
1914
1915
1916
1917
1918
1919
mo av
mo. av
mo. av
mo. av
mo. av_
mo av
mo. av
1920 mo. av
1921 mo. av _
1922 mo. av
1923 mo. av__ 4 337,223 * 1,172,184
1924 mo. av__ 188, 668
386,862
1925 mo. av__ 66,022
254, 002
1926 mo. av_.. 211,855
579, 429
1927 mo. av_
New
Orleans
Domes- Imports Exports Coldstor.
tic at
holdmills
ings^
and
end
dealers
mo.
Pockets
169,
203,
196,
258,
275,
278,
254,
718
340
238
484
513
785
825
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
468,036
640, 627
591,159
633,910
609,477
479,349
652, 912
642, 918
699, 754
611, 661
639,610
796, 277
837, 657
659, 645
707, 425
494, 586
630, 670
554, 723
-.957,589
797, 973
687,198
691, 376
536, 989
635, 703
222,175
318,147
275, 358
223, 472
156, 446
133, 944
160,417
175,126
1, 287,057
1, 291,023
1, 253, 992
1, 343, 655
1,142, 799
896,837
1, 574, 641
109, 706
63,532
52, 946
40,105
31, 728
56, 272
97, 415
43,506
327,177
488,412
342, 952
283, 636
128,945
54, 556
97, 910
266,461
2,383
2,344
2,570
3,391
3,484
3,320
3,867
3,285
343
078
467
530
911, 578
608, 600
498, 419
471,143
165, 370
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
332, 322
283, 299
227,832
330, 773
473,963
351, 292
278, 871
310,412
113,
129,
34,
142,
558
725
528
589
1,179,488
975, 043
767, 627
715, 632
114,174
111, 455
88,159
68, 739
3 994, 249
896, 093
560, 607
842, 525
HAY
Car-lot shipments 2
Receipts
(3)
N u m b e r of carloads
Tons
Thous.
ofbbls.
of 100 pounds
757, 281
1, 021, 642
872, 667
682,788
811, 658
CIT- W H I T E ONRUS
POTAFRUIT T O E S IONS
APPLES
Stocks,
end of
month
3,417
5,398
11, 397
12, 055
14,105
15,005
1,304
1,596
1,835
1,740
124,870
120,675
8,580
8,042
7, 734
10, 268
9,009
9,202
10, 380
8,209
5,975
7,500
5,882
8,261
8,562
7,299
8,095
8,833
14, 627
18,206
19, 930
18, 956
20,178
19, 585
18, 895
20, 513
2,163
1,932
2,163
2,132
2,502
2,453
2,685
2, 697
119,102
69,948
76,873
76,493
80,006
72,343
66, 371
58,001
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
66,037
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
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,
477,
210,
194,
566
583
515
321
Mav
June
July
August.. __
213, 437
177, 376
153,198
70,820
368,037
224, 018
70,820
(«)
118,
105,
74,
259,
885
923
634
953
September. _
October
November. _
December. __
300,000
450,000
300, 000
200,000
(5)
(»)
(«)
2, 592,000
1,147, 507
1, 681,130
1, 252, 887
1,025,131
1, 447, 507
717,070
2,131,130 1,034, 736
1, 552, 887 1, 077,146
895, 206
1, 225,131
132,495
259, 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
10,486
9,356
19, 272
41, 745
22, 200
8,090
3,614
4,521
9,855
12, 581
21, 846
34, 920
18, 510
13, 252
3,640
5,265
2,850
2,491
58, 240
70,100
69, 539
68, 273
1927
January
February
March
April
325,000
395,000
375, 000
335, 000
2, 267,000
1,872,000
1, 497, 000
1,162, 000
817, 939
648, 369
621,153
371, 901
1,142, 939 1,120, 252
877, 798
1,043, 369
734,405
996,153
569,194
706f 901
249,175
177, 220
199, 258
130,146
2,
1,
1,
1,
095,911
957, 608
867, 788
696, 891
56,818
70, 562
60, 538
99, 637
368, 895
508, 885
442, 528
455,159
7,335
5,114
3,141
1,598
7,827
7,883
5,276
3,630
11, 725
10,855
12, 946
12, 911
17, 408
17, 314
21,005
19,497
2,797
2,018
1,738
2,968
78,088
56, 938
63, 971
52, 716
325, 000
May
385, 000
June
is? nno
Julv
August. __-|
837,000
452,000
396, 006
429, 614
147,176
792, 345
119,
119,
96,
109,
681
932
074
951
1,400, 980
1,181, 230
987, 310
1, 235, 674
46,034
16,095
26,248
19, 503
256,601
215, 411
74,519
109,992
535
None.
None.
33
2,465
1,202
1,731
3,352
10, 643
7,559
5,781
4,492
16, 407
21, 785
20, 709
17,418
2,455
830
1,864
2,313
50, 563
53,435
48, 005
51, 652
193,155
239, 453
232, 725
234, 740
1, 581,097
2, 247,038
2, 409, 940
27, 217
21, 888
22, 808
54, 723
134,032
203,350
160, 871
267,294
1,038
5,992
7,831
6,807
11, 039
31,612
16, 607
5,881
3,853
5,618
7,487
12,123
23,674
37,410
20, 318
13, 206
4,473
5,754
2,924
2,234
64,440
69, 233
55,161
51,806
1, 234,
585,
327,
432,
721,006
814, 614
299,176
700,
643,
345,
423,
427
295
794
559
I
September
October
November
December __
1928
January
February
March
April
1,167, 281
1, 719, 740
1, 266, 278
849,908
1, 200,174
1,162, 603
!
i
May
June
1 Southern receipts, shipments, and stocks at mills from Rice Millers* Association, comprising movement of the whole rice crop except California rice. Data on paddy
at all California warehouses from Fice 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
of clean rice at 162 pounds of rough to 100 pounds of clean, as barrels or sacks of 162 pounds are equivalent to clean rice pockets of 100 pounds each.
2 Data on cold-storage holdings of apples and on car-lot shipments of fruits and vegetables compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics.
Citrus fruit shipments consist of oranges, lemons, and grapefruit.
3
Receipts of hay at 11 principal markets, compiled by prorating weekly reports to the Hay Trade Journal,
*
Average
for 10 months, March through December.
« Stocks on hand are negligible, as the crop is not warehoused until the month of December.
92
Table 69.—LIVESTOCK MOVEMENT1
CATTLE AND CALVES
HOGS
Price,
Shipments
steers,
good to
Local
Total
Total
slaugh- choice,
corn receipts Stockreceipts Stockter
fed,
erand Total
erand Total
Chifeeder
feeder
cago 2
SHEEP AND LAMBS
Shipments
Shipments
YEAR AND
MONTH
Dolls, p.
100 lbs.
Thousands of animals
762
855
1,053
$4.69
5.04
5.93
7.17
10.33
11.29
9.35
8. 12
9.23
10.02
16.09
17.33
16.13
1,047
944
973
977
983
976
1,038
1,040
915
1,071
889
856
867
867
949
955
8.74
3.41
5.81
6.09
6.91
7.21
6.59
6.12
15.90
9.99
13.22
13.46
14.29
15.22
13.73
13.79
857
1,392
475
220
1,619
2,287
927
771
981
945
793
1,548
1,486
1,695
1,502
155
107
83
124
694
615
695
856
863
1,001
801
7.89 I
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 ' 14.20
5.31
16.13
5.88
14.26
5.87
13.95
1,673
1,933
2,219
2,441
12.38
12.97
12.09
11.77
3,279
3,090
1,917
1,706
1,093
1,150
493
223
2,124
2,098
988
780
1,147
934
5.77
5.81
5.77
5.64
13.78
13.28
12.70
12.04
1,527
1,315
1,368
1,101
2,694
2,006
2,386
2,050
11.97
11.64
11.01
10.51
1,740
1,496
1,558
1,486
207
136
140
118
819
669
719
690
921
829
843
800
6.41
7.78
8.00
7.78
12.47
13.24
15.06
15.81
1,216
1,259
1,109
1,192
2,380
2,522
1,939
1,846
9.45
259
257
216
9.19
2,013
1,816
1,676
2,209
1,064
849
760
1,054
951
963
920
1,137
5.90
5.16
5.31
5.58
14.85
13.25
14.22
13.58
1,051
1,137
1,284
1,485
1,512
1,883
2,382
2,745
10.85
11.06
9.47
858
2,848
3,587
1,896
1,609
947
1,560
497
174
1,734
2,413
988
723
1,101
1,148
950
5.19
5.25
5.47
5.63
13.56
13.87
13.58
13.01
1,106
1,239
1,136
3,170
3,739
3,706
1,048
1,198
1,197
2,120
2,537
2,501
1,685
1,874
2,271
371
434
580
917
1,017
1,215
786
784
764
1,016
923
1,036
1,086
1,154
1,205
1,196
1,122
14.49
8.76
9.46
9.96
9.68
10.65
9.51
12.73
3,510
3,425
3,672
4,611
4,618
3,661
3,314
3,451
1,275
1,226
1,278
1,595
1,684
1,356
1,264
1,154
2,230
2,195
2,395
3,014
2,932
2, 305
2,048
2,195
14.19
8.45
9.39
7.70
8.48
12.22
12.35
1,012
1,961
2,014
1,864
1,835
1,850
1,842
1,989
1,995
432
258
347
373
390
361
385
333
1,348
1,017
833
1,227
1,450
1,232
1,248
12.44
11.91
10.58
10.04
2,741
3,390
3,844
4,380
1,092
1,323
1,524
1,618
1,645
2,081
2,300
2,776
12.88
11.69
11.32
10.88
2,627
3,198
1,712
1,608
1,840
1,551
1,811
1,711
225
177
184
202
675
532
572
603
1,144
1,013
1,221
1,113
9.69
9.69
9.13
4,304
3,372
3, 579
3,135
1,581
1,345
1,428
1,264
2,721
2,035
2,144
1,871
11.63
12.05
11.49
11.74
May
June
July....
August-
1,894
1,871
1,820
1,997
218
169
198
252
658
659
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
72
49
51
1,164
1,048
989
1,084
1,872
2,087
1,873
1,710
September _
October
November .
December...
2,397
2,674
2,460
1,846
521
693
570
301
1,100
1,310
1,113
739
1,290
1,356
1,326
1,136
10.19
9.89
9.39
9.72
2,819
3,261
3,554
3,910
84
129
126
1C5
1,142
1,334
1,317
1,476
1927
January
February...
March
April
,
1,832
1,555
1,743
1,674
205
175
201
204
657
537
607
602
1,136
,012
,134
.,066
10.30
11.06
11.92
12.28
4,252
3,308
3,754
3,142
94
102
84
May
June
July.
August
1,955
1,732
1,547
2,065
235
170
138
731
624
562
802
,201
,112
971
1,231
11.44
11.83
12.30
12.58
3,613
3,775
3,046
3,041
1,259
1,156
1,085
1,291
1,240
13.31
14.33
15.94
15.50
2,565
3,039
3,666
4,209
av_
av_
av_
av_
av_
av_
av_
1,922
2,108
2,052
321
400
418
440
1920 mo.
1921 m o .
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 m o .
av_
av_
av_
av_
av_
av_
av_
av_
1,950
1,649
1,935
1,934
1,975
2,006
1,989
1,897
342
292
405
379
331
319
309
301
1935
September..
October
November..
December...
2,157
2,789
2,282
2,056
427
717
1926
January
February. _.
March
April
September,.
October
November..
December...
859
819
717
Dollars per 100
pounds
Thousands of animals
$8.37
8.36
7.13
9.62
15.71
17.60
18.24
mo.
mo.
mo.
mo.
mo.
mo.
mo.
„.
Dolls, p.
100 lbs.
Thousands of animals
$8.51
7.04
8.70
9.58
12.81
16.42
17.50
1913
1914
1915
1916
1917
1918
1919
Price*
Local
Local Price,
Total
slaugh- Ewes,
slaugh- heavy, receipts
Stockter
ter
Chierand Total
Chi- Lambs,
cago 2
feeder
cago Chicago
6.19
15.09
6.41 | 14.81
6.79 ! 15.25
8.06 | 15.94
j
2,635
2,346
1,691
407
675
615
319
729
72
61
78
113
95
14.84
7.89 ! 13.28
7.70 | 12.73
8.53 | 13.53
1938
January—
February.
March
April
May.
June.
1
Thesefigures,except prices, represent the movement at between 60 and 70 markets; data procured from the U. S. Department of Agriculture, Bureau of Agricultural
Economics. Monthly data from 1920 appeared in November, 1922, issue (No. 15), p. 115. Data on total animals slaughtered are given in Table 35.
2 From U. S. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91.
93
Table 70.—PORK PRODUCTS
PRODUCTION i
(inspected slaughter)
COLD-STORAGE HOLDINGS 3
(end of month)
EXPORTS»
YEAR AND MONTH
Total pork
products
Lard
Total
Lard
Other
products
Total
Lard
APPARENT
CONSUMPTION*
Lard,
Fresh and Total pork Smoked
prime
hams, contract,
cured
products Chicago
NewYork
Thousand of pounds
1913 monthly average..
82,058
76,826
113,205
120,941
108,142
187,558
219,803
1914 monthly
1815 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly
average..
average..
average. _
average..
average. _
average...
477,117
450,851
524,294
565, 691
449, 570
583,154
588, 977
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 m o n t h l y
average. _
average. _
average. _
average..
average..
average..
average..
average..
539,452
560,212
618,276
765,178
734,963
610, 226
606,044
644,230
114,942
131,261
164,270
160,219
120,979
126,115
1926
January..
February
March.
April
802,879
604,958
649,871
572,037
May
June
July....,
August .
September.
October
November..
December..
WHOLESALE
PRICES *
Dollars per pound
$0.166
.167
.153
.185
.252
.318
$0.110
.104
.094
.135
.219
.261
.290
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
431,847
343,486
378,420
383, 581
128,052
135, 887
123,912
165, 645
139,483
102,260
93,313
82, 029
51,021
72,412
63,913
86, 282
57,234
58,248
56,775
76, 983
65,896
60,011
79,338
62,621
44,838
35,073
25,375
898,845
761,914
647, 594
837, 352
827, 581
753,480
646, 521
768,116
120,413
119, 705
86, 573
77, 358
89,855
108,020
94,884
102,864
785,932
642,209
561,021
760,019
737,726
645,460
551,637
669, 073
417,203
435,295
481,376
588,051
600,103
524, 712
512,824
558, 780
.334
.268
.265
.212
.202
.271
.307
.246
.200
.111
.115
.123
.133
.168
.150
.129
165,565
130,843
148, 075
126, 745
130,829
109, 764
104,679
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
.278
.288
.295
.301
.157
.152
.150
.145
568,585
646,770
616,289
563, 719
123,406
136, 775
130,360
117,431
85,094
72, 557
87,877
58,154
56,482
45,879
54,273
35,212
28, 612
106,824
120, 527
153,572
151,233
574,472
602,176
642,673
496,451
521,083
470,711
33,671
681,296
722, 703
796,245
774,319
.310
.340
.351
.329
.159
.170
.165
.156
475,867
479,917
76,876
72,914
91,347
61, 577
46,988
43,488
722,806
96,385
90,357
106,603
140,840
32,258
29,918
29,426
28,657
619,909
477,978
434,972
522,749
105,558
72,355
46, 744
49,992
514,351
405,623
388,228
472,757
537,320
546,837
540,331
544,773
.320
.303
.293
.280
.150
.142
.128
.128
1927
January
February
March.
April
783, 758
608,455
695,176
603,019
154,592
119,715
140,267
126,609
85,134
74,150
76,508
91,842
59,842
49,884
53,040
67,345
25,292
24,266
23,468
24,497
658,647
748,777
830,515
869,823
77,103
92,069
99,611
589,071
671,674
738,446
770,212
564,328
446,129
539, 757
473,266
.269
.273
.270
.129
.128
.130
.128
May
June
July....
August.
681,902
778,271
652,896
580, 606
142,527
165, 988
140,932
117,871
91,878
97, 803
76, 277
72,958
64,418
66,404
46,972
50,816
27,460
31,399
29,305
22,142
899,826
991, 593
1,020,407
933,436
111, 976
147,318
179,136
167,018
787,850
844, 275
841, 271
766,418
560,558
589,156
548,008
595,110
.259
.246
.243
.235
.129
.131
.132
.128
September..
October
November..
December..
458,919
497,128
596,842
793,786
89, 704
92,860
110, 525
72, 251
67,764
87,955
59, 736
50,355
49, 636
62,855
21,897
18,127
25, 099
726,941
539, 240
465, 976
578,365
118,174
72,121
46,154
54,757
608, 767
467,119
419,822
523,608
576, 349
615,065
603, 579
594,055
.224
.233
.220
.214
.133
.130
.125
.120
1938
January
February
March
April
May.
June..
1 Production of pork products, including lard, from animals slaughtered under Federal inspection reported by the XI. S. Department of Agriculture, Bureau of Animal
Industry, given as total dressed weight, excluding meat from condemned animals. Slaughter of hogs under Federal inspection according to 1919 census figures amounted
to 68 per cent of total slaughter. Monthly data from 1920, slightly revised since, given in May, 1922, issue (No. 9), p. 95, including data on exports, storage holdings, and
apparent consumption also. The figures shown here for lard revise previous figures through calculation of production from yields by the Bureau of Agricultural
Economics.
2 Exports reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The total includes bacon, ham, shoulders, lard, neutral lard, and
canned, fresh, and pickled pork. In the division between lard and other products, neutral lard is included with " Other products."
for this has been
3 Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. owance
No allo\*
made in computing index numbers.
* 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.
« Wholesale prices are averages of weekly quotations as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data on ham prices from 1919
appeared
in September, 1923, issue (No. 25), p. 55.
94
Table 71.—OTHER MEATS
Production (inspected
slaughter)^
YEAR AND MONTH
Exports 2
MISC.
MEATS
LAMB
BEEF
TOTAL MEATS
Wholesale
Coldprices 5
ColdCold- Apparent
Produc- storage
ColdAppar- storage
Producstorage
tion (in- hold- ent
storage Apparent \
conconSteer
holdWesttion
holdings, sumpholdings,
spected
consumpings,
sumpern
rounds
ings,
(inspected
end of
end of
tion * i
end of
tion *
dressed No. 2, slaughend of slaughter)1 month
3
month 3 tion*
ter)!
months
steers,
Chimonth 6
N.Y.
cago
Thousands of pounds
1913 monthly average
1914 monthly average.
1915 monthly average.
1916 monthly average.
1917 monthly average.
329,811
314, 784
331,971
383, 268
457, 910
3,016
7,161
31, 297
22, 724
29,142
127, 200
192, 343
1918 monthly average.
1919 monthly average.
1920 monthly average.
1921 monthly average.
1922 monthly average.
522, 309
448, 074
395, 093
371, 108
414, 045
58, 334
22, 592
11, 599
3,417
2,921
1923 monthly average.
1924 monthly average.
1925 monthly average.
1926 monthly average.
1927 monthly average.
427, 407
444-005
456, 643
479, 709
439, 769
May
June
July
August
September..
October
November
December
Dolls, per pound
Thousands of pounds
354, 440
420, 946
$0.132
.143
.135
.147
.188
$0.131
.133
.124
.130
.162
45, 661
44, 623
38,445
37, 564
28, 287
3,722
4,531
38, 439
29,141
7
256, 523
237,123
156,117
99, 623
68, 521
467,135
431, 602
400, 648
375, 060
411, 561
.247
.254
.247
.178
.159
.221
.224
.213
.145
.145
31, 831
38, 539
34, 399
41, 096
34, 820
6,026
8,291
20,174
22, 090
3,294
2,447
2,253
2, 205
2,065
1,613
75, 689
79, 712
80,156
64, 358
59, 074
427, 455
440,131
460, 585
477, 990
443, 681
.176
.171
.192
.171
.200
.153
.152
.158
.157
.181
37,188
38, 030
38, 943
41, 741
41, 809
457, 575
495,925
493, 458
461, 661
1,502
2,014
2,487
2,168
52, 579
48, 688
46,048
41, 697
465,155
499, 041
495, 021
465, 916
.165
.165
.165
.164
.159
.162
.170
.170
540,945
545,988
512, 357
494, 665
2,805
1,984
2,190
1,697
46, 250
61,198
85, 977
100, 873
536, 285
531, 354
486, 723
479, 484
.181
.179
.175
.185
443, 918
401, 482
436, 571
421, 666
1,975
1,748
2,025
2,037
95, 254
88, 020
77,159
62, 928
448, 614
407, 852
446, 970
436,177
June
July...
August
449, 382
449, 020
417,119
465, 597
1,418
1,374
1,920
1,899
50,413
43, 756
35, 722
33,446
September
October
November
December
453, 993
475,455
459, 363
403,660
1,609
1,165
1,085
1,097
35, 878
43,916
65, 345
77,052
48,182
852, 589
810, 258
894, 710
986, 523
935, 767
813, 465
31, 299
39,166
37, 703
43,003
35, 830
86, 774
103, 078
82,474
79,137
53, 641
1,137, 294
1, 075, 590
968,944
972, 417
1, 067,141
1,133, 687
1, 177, 201
1, 037,197
843, 059
686, 477
3,742
2,495
1,731
2,622
2,625
37, 615
38,047
39,140
41, 691
41,961
67, 540
72, 060
73, 021
54, 644
59, 881
1, 229. 773
1, 216, 998
1,105, 812
1,127, 495
1,125, 808
907, 388
891, 992
800, 368
673, 261
790,625
1,053,121
1,078, 281
1, 024, 436
1, 032, 502
1, 044, 422
36,728
39, 818
37, 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
1,147, 682
1, 065, 640
676, 781
705, 720
747, 587
725, 269
998, 968
1,059, 800
1,003, 518
1,004, 432
.170
.162
.145
.141
45, 607
43,892
39, 737
45,354
2,234
2,814
3,166
4,556
45, 593
43, 825
39, 762
44, 688
56,135
52, 590
53,960
63, 846
1, 062, 419
1, 069, 797
1,120, 929
1, 262,825
618, 970
522, 225
531, 331
642,032
1,119,198
1,121, 986
1,066, 816
1, 068,945
.178
.175
.175
.187
.145
.150
.158
.176
44,161
40, 510
41,544
37, 545
4,447
4,074
2,940
1,862
44,
40,
42,
38,
292
943
737
641
61, 791
59,230
60,951
58, 521
1,271,850
1,050, 446
1,173, 290
1, 062,230
750, 563
822,998
879, 496
893, 523
1,057, 234
894, 924
1, 029, 464
948, 077
463, 240
456, 534
426, 434
470, 490
.188
.188
.200
.200
.184
.185
.193
.203
37, 731
39,123
37, 647
44,865
1,210
1,360
1,161
1,302
38, 452
38,872
37, 706
44, 811
60, 978
63, 768
66,457
65,873
1,169,015
1, 266, 415
1,107, 662
1, 091, 069
900,451
953,159
944, 611
867, 039
1,062, 251
1, 084, 562
1, 012,147
1,110, 411
455, 239
474, 078
443, 800
394, 743
.213
.225
.234
.238
.199
.190
.190
.196
45, 378
46,188
42,354
44,660
1,991
2, 958
3,790
4,405
45, 098
45, 855
41, 877
44, 250
58,163
49, 235
52, 227
61,380
958, 290
1, 018, 772
1, 098, 559
1,242,106
704, 799
563, 228
541,184
666,445
1, 076, 686
1,134, 997
1, 089, 256
1, 033, 016
824, 727
793, 573
876,
854,
955,
953,
928,
854
349
554
358
766
1926
1937
January
February __
March
April
_.
___ _
May
1928
January
February
March
April
May.. _June
1
Production from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal Industry, given as total dressed
weight, excluding meat from condemned animals. The slaughter under Federal inspection, according to census figures for 1919, amounted to 82 per cent of the total number
of animals slaughtered in the United States in the case of beef and 91 per cent for lamb. Monthly data from 1920, including also exports, storage holdings, apparent consumption,
and prices, appeared in May, 1922, issue (No. 9), p. 95. Veal is included in the beef figures and mutton in the lamb figures.
2
Exports, as reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include fresh, canned, and pickled and cured beef.
3
Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. No allowance for this had been
made in calculating index numbers. Figures represent storage holdings on the last day of each month. Beef holdings include frozen, cured, and in process of cure, while
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.
s6 Wholesale prices are averages for the month from U. S. Department of Labor, Bureau of Labor Statistics.
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
each month. Monthly data from August, 1917, appeared in the April, 1926, issue (No. 50), p. 20.
' Average for five months, August to December, inclusive.
95
Table 72.—CONDENSED AND EVAPORATED MILK
TOTAL STOCKS i
(end of month)
PRODUCTION i
YEAR AND
MONTH
Condensed
Evaporated
Total
Condensed
Evaporated
Case Bulk
goods goods
Case
goods
Total
Case
goods
Bulk
goods
Case
goods
Bulk
goods
UNSOLD STOCKSi
(end of month)
Condensed
Evaporated
Case Bulk
goods goods
Case
goods
WHOLESALE
PRICES 2
EXPORTS 3
Case
goods
Total
Total
Dolls, per
case
Thousands of pounds
Thous. of pounds
34,256 23,094
24,144 7,825
15, 625 4,734
16,189 4,781
17,185 5,331
12, 314 3,559
9,640 3,226
8,855 2,907
11,162
16,319
10, 891
11,407
11,854
8,755
6,320
5,671
3,519
3,560
3,962
3,153
10,732
14, 653
11, 809
9,967
5.88 4.49
5.98 4.50
6.03 4.49
6.04 4.54
15, 687 2,348
10, 323 4,552
7, 970 3,316
9,775 4,203
13,339
5,771
4,654
5,572
6.00 4.72
5.95 4.44
5.95 4.38
5.92 4.36
8,478
11, 500
12,946
3,733
3,777
3,642
3,685
5,962
4,701
7,858
9,261
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
115, 700
104, 385
76, 965
45,235
5.76
5.85
5.85
5.68
4.45
4.41
4.42
4.48
8,481
7,349
9,268
10, 213
3,001
2,521
2,939
3,454
5,191
4,657
6,115
6,499
3,388
3,619
3,881
3,689
19,084
10,150
9,346
8,531
5.63
5,72
5.75
5.84
4.50
4.50
4.50
4.58
8,516
7,439
9,378
10,150
2.694
2,853
2,974
2,761
5,554
4,331
6,232
7,054
21,706
37,205
38,140
38, 325
5,220
7,573
7,719
7,600
48,947
126, 534
176,763
203,643
5.93
5.90
5.83
5.83
4.63
4.60
4.58
4.58
11,334
12,368
9,283
8,009
3,642
3,190
2,716
3,532
7,305
8,926
6,326
4,240
33,004
30, 535
24,919
19,048
6,500
5,970
5,501
4,612.
198,281
183,239
149,397
117,115
6.00
6.00
6.02
6.00
4.58
4.58
4.59
4.57
6,434
8,196
7,941
7,213
2,439
2,760
2,981
2,345
3,756
5,130
4,662
1,532
1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
131, 501
122, 014
119, 279
147, 907
141, 712
146, 488
144, 459
157,879
29,008
16, 987
19, 531
16, 567
15, 777
15, 828
13, 020
8,979 82,117 11, 398
8,365 85, 798 11,864
8,862 79,457 11,430
12, 258 104, 963 14,119
12, 001 100,109 13, 825
13, 246 100, 704 16, 709
16, 934 97, 538 16, 966
235,138
173, 926
137, 226
166, 022
186, 925
161, 409
165,414
181,395
56, 515
31, 375
21,166
20,181
19,236
29, 792
27, 065
28,179
19, 701
17, 999
9,875
18, 505
16, 727
7,790
14, 904
13,746
158, 214
123, 661
105, 872
127,089
150, 693
123, 538
123, 233
139,135
123,436
116, 560
87, 342
104, 558
132, 998
113, 769
120,933
132, 763
29,083 11, 846
23, 346 13,142
14, 833 7,504
13,429 11,142
14,119
8,870
21, 259 4,092
21,438 6,623
22,911 5,438
81, 890
79,207
64, 711
79, 751
109, 751
88,189
92, 706
104,253
9.50
7.06
5.25
6.24
5.99
5.91
5.86
5.87
1925
May
June.
July
August
213,162
218,100
191, 238
155, 436
26, 561
22, 022
20,469
12, 481
23,137
21, 050
14, 979
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
6,632
8,157
7,586
3,735
125,092
62, 568
92,255
119, 899
5.88 4.09
5.88 4.33
5.86 4.46
5.85 4.51
14, 251
18, 213
15, 771
13,120
September 126, 552
October. _. 127, 661
November 97, 057
Decemoer. 110, 298
9,815
12, 922
11,428
12,137
8,897
12, 073
9,523
12,205
17, 851
90, 286 12, 380
65,152 10,954
74, 588 11,368
207, 263
185, 624
165, 682
156,272
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
33, 888
24,181
21, 363
3,346
3,210
2,308
3,548
121, 745
108,185
103, 700
94, 775
1926
January...
February.
March
April
124, 549
115, 638
145,127
164, 315
13, 650
10, 664
12, 707
14, 800
16, 585
15,603
17,970
18,325
84, 558 9,756
79,759 9,612
101,179 13, 271
114, 201 16,989
136, 015
118,346
115,417
128,496
5,718
19,142 6,081
17,008 9,028
19, 082 10,829
107,304
92,974
89, 225
98,414
103, 799
89,045
82, 613
95, 807
17, 592
14, 909
11, 723
14,424
3,217
3,822
7,070
4,768
82,897
70,187
63, 730
76,465
May
June
July
August
207, 243
233,143
187, 558
139, 361
18, 282
17, 618
13, 002
11,168
26, 299
30,040
20, 310
14, 665
139, 251
159,995
125,186
90,414
23,411
25,490
29,060
23,114
153, 710
228,156
242,102
241, 547
15, 701
36, 734 21, 392
37, 285 23,310
40, 821 23,136
111, 659
169, 533
181,287
177, 323
107, 291
167, 693
179, 708
174, 441
20,439 7,073
30, 943 10,083
31, 931 9,138
32, 545 9,148
79, 518
126, 383
138,475
132, 531
September 119, 258
October. _. 109, 476
November 89, 062
December. 98, 774
10, 655
10, 871
10, 639
12,186
14,223
12,172
8,220
8,798
77, 512
71,940
58,827
67,639
16,868
14,493
11,376
10,151
207,422
174, 909
137, 532
101, 320
34,106
27,945
23, 935
19, 759
21,478 151,687
18, 438 128, 346
13, 73S 99, 685
10,003 71, 355
150, 738
135,412
100, 758
63, 896
26, 711
23, 010
18, 628
14, 399
8,203
7,869
5,016
4,072
1927
January. _.
February _
March
April
117,012
119,142
152,840
182,413
13,413
9,812
11,837
17,047
11,431 81,621
11,614 85,538
14,179 111, 171
16,079 130, 737
10, 557
12,178
15,653
18, 550
80,228
70,327
66,610
83,104
16,594
12,418
10,935
14,608
34,182
18,828
20,750
11,296
7,054
5,378
8,317
May
June
July
August
239,980
256,455
219, 255
175,316
20.065
20.066
23,439 171,692 24, 784
25,255 182,926 27,908
149,260
230,321
277,379
300,828
26, 709
41,028
44, 028
43, 559
15,392 106,636
76,063
20,223 168, 599 171,446
19,883 213,068 222,774
20,796 236,173 249,728
280,734
256, 650
207,826
173,472
38,357 19, 566
35, 932 14,956
29,155 12,312
24,820 8,204
222,482
205, 587
166,184
140,133
September 120,928
October... 112,651
November 99,393
December. 99,465
8,303
7,782
7,812
9,721
49,940
47,476
58,455
237,903
219, 790
179,870
140, 855
I
I
6.01
5.10
4.14
4.71
4.15
4.33
4.42
4.57
1928
January.
February _
March.
April...
May_
June.
1 Data on production and stocks from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically the entire industry. Production
figures by classes are reported only every three months, while stocks are available currently. Stocks, both total and unsold, are given as of the end of each month, stocks
of evaporated bulk goods being included in each total, but omitted in detail on account of the small quantities usually held. Condensed milk is sweetened by the addition
of sugar while evaporated milk is simply milk reduced in volume. The bulk goods are generally destined for bakeries, etc., while case goods are for the retail trade.
2 Wholesale prices compiled by U. S. Department of Labor, Bureau of Labor Statistics, are averages of weekly prices at New York. A case of condensed milk contains
48 14-ounce tins, while a case of evaporated milk has 48 16-ounce tins. Monthly data from 1913 appeared in December, 1925, issue (No. 52), p. 22.
3 Exports are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
96
Table 73.—FLUID AND POWDERED MILK AND ICE CREAM
ICE
(REAM
FLUID MILK
Receipts
Greater
New
Yorki
YEAR AND MONTH
Boston
Phila(includ.
cream) 2 d e l p h i a 3
Baltimore4
Thousands of quarts
ConProducsumption,
Minne- tion in
apolis, oleomarSt. Paul s garine 6
Production 7
Thousands of
pounds
Thous. of
gallons
1913 monthly average
1914 monthly average.
1915 monthly average.
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average.
59,840
60, 520
63, 600
64, 520
66,080
70, 520
74, 920
11, 727
12,193
13,059
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
81,440
85, 760
89,280
98, 440
99, 656
103, 612
106,196
13, 865
14,116
14,878
15, 391
15, 930
16, 511
17,389
21,107
21,354
23,461
24,253
23, 973
23, 351
5,944
6,203
6,805
7,786
12,141
13, 224
17, 895
21,005
24,100
24, 769
111, 118
111,047
114,035
110,923
18, 231
19,279
19,868
18,027
25,071
24, 361
25,984
24, 382
7,824
8,029
6,969
6,761
30,499
29,191
25, 229
21, 771
107, 254
108,469
101,889
105, 235
17, 570
17, 758
16,772
16, 349
21, 830
22, 517
22,139
21,875
6,722
6,538
6,201
6,557
January
February
March
April
106,156
99,019
113, 200
108, 761
17,002
15,522
18,140
17,976
May
114,529
116,448
118, 672
110,694
17, 725
19,633
19,366
18,095
111, 582
114,981
108,536
17,586
17,987
16,624
May
June
July.
August
1926
_
__ _
__
September
October..November
December
POWDERED MILK
Production 7
Net
orders 8
Stocks,
Exend of
month » ports io
Thousands of pounds
1,749
10,470
11,098
1,549
2,147
2,530
3,634
12, 357
12,193
13,108
15, 284
15,130
17, 865
17, 937
4,436
3,566
3,901
5,734
6,426
6,854
8,541
5,134
5,250
4,690
4,651
24,914
27,885
36, 714
32,129
12, 347
13,963
11, 272
8,502
19,070
19, 328
19, 424
22,562
5,991
6,504
6,891
7,262
20,418
12,982
9,258
7,833
6,703
6,310
7,142
7,162
25,468
24,623
27, 794
26,458
6,287
6,262
7,042
6,518
8,892
8,825
30,818
30,835
26,718
21,157
5,913
5,689
4,817
5,566
19,046
20,217
6,410
7,332
7,034
7,363
5,715
7,145
11
4,876
4,386
5,426
5,564
5,740
5,931
6,353
11, 645
11,775
7,314
6,395
12,881
7,092
10,225
264
787
516
203
461
304
222
277
6,141
6,806
5,837
5,363
9,861
12,884
14, 599
14,941
181
178
209
196
7,473
6,585
5,436
5,408
5,031
5,249
4,426
4,361
14,146
12,299
10,292
9,610
289
171
213
259
8,303
9,555
12,870
16,383
6,722
7,040
9,476
11,154
3,568
4,214
4,679
6,012
9,638
6,710
6,601
6,683
268
254
171
336
22,684
28,431
14,978
15, 872
5,716
6,196
5,781
5,683
9,136
12,356
13, 746
13,232
387
251
241
238
6,531
5,735
5,706
5,555
10,646
9,261
7,840
239
307
298
336
3,948
4,347
5,170
5,448
1927
June
July__._
August
September
October. _
November
December __
1928
January
February.
March__
April
May__
June__
_
1
Receipts of milk, excluding cream, in the metropolitan area around New York City, including m a n y large cities in New Jersey, from the Milk Reporter. Monthlydata 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.
2
Receipts of milk at Boston b y rail, including cream, from the Massachusetts Department of Public Utilities. M o n t h l y 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 b y the Interstate Milk Producers'
Association. M o n t h l y 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 t h a n 90 per cent of the total milk receipts in t h a t city.
fi Production of whole milk b y members of the Twin City Milk Association, including most of the area within a 40-mile radius of Minneapolis and St. Paul. Monthly
data from 1920 appeared in the July, 1922, issue (No. 11), p . 46.
6
Data from U. S. Treasury Department, Bureau of Internal Revenue, showing consumption of milk in the manufacture of oleomargarine. M o n t h l y 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, b u t reported only every three months.
M o n t h l y data from 1920 on production of powdered milk appeared in the October, 1925, issue (No. 50), p . 26.
8
Compiled b y the American Dry Milk Institute from 31 identical firms which in 1924 produced 61 per cent of the totals as compiled b y the Department of Agriculture.
M o n t h l y data from 1924 appeared in the November, 1926, issue (No. 63), p . 19. Data on stocks held b y 21 institute members appeared in October, 1925, issue (No. 50), p . 26.
T h e association reports also include production and unit prices of members.
» Compiled b y 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. M o n t h l y data from 1920, divided as between case and bulk
goods, are given in the November, 1925, issue (No. 51), p . 23.
FRASER 10 Compiled b y U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
Digitized for
" Six months' period, July to December, inclusive.
97
Table 74.—BUTTER, CHEESE, AND EGGS
CHEESE
BUTTER
EGGS
YEAR AND
MONTH
ColdReceipts storage
holdat 5
mar- ings,
kets creamery * 8*
m.
m.
m.
m.
m.
a.
a.
a. •
a.
a. 63,293
1918
1919
1920
1921
1922
m. a.
m. a
m. a.
m. a.
m. a.
1923
1924
1925
1926
1927
m.
m.
m.
m.
m.
Exports
Appar- ReColdceipts storage
ent
Im- 6
at 5
conports
sump- mar- holdanU.S. C
tion 2 kets 3 ings*
ada 7
(6)
Dolls,
p.lb.
Thousands of pounds
1913
1914
1915
1916
1917
Production i
Dolls,
p.lb.
Thousands of pounds
$0.32
.30
u 80, 539
.30
.34
51, 588
.43
54, 572
138,109
Cold-storage
holdings <
Receipts
Cold- Price at 5
ProN o . l mar- Case Frozen
duc- storage
fresh kets 3
tion i holdings 4
(9)
American 8
Total, all varieties
Pro- Apparent
duccontion
(fac- sumptory) i tion 2
ii 83,887
4,632
221
4,623
316
3,235 5,246
2,376 4,508
528 4,448
12,942
12, 076
11,442
16,081
16,492
22, 079
$0.15
.16
28,995
.15
26,125
.19
47, 590
.24
16,189
14, 055
16, 695
16, 655
41, 599
53, 305
52, 917
43,939
41, 637
630 4,034
944 1,180
1,333 1, 358
2, 239
981
3,881
417
14, 573
12, 684
10, 533
11,135
11,104
20, 607
23,486
21, 224
21, 811
23, 567
34, 646
41,442
37, 559
30,066
30, 675
.27
.32
.29
.21
.20
10
Thousands
of Thous.
cases 10
of lbs.
3,069
3,504
4,930
10,621
1,224
1,079
1,251
1,335
3,367
4,156
3,261
4,171
5,137
12,071
14,871
18,866
24,562
22, 607
38, 336
33, 563
39, 012
43, 893
49, 737
67, 229
59, 754
52, 623
50,959
.51
.61
.61
.43
.41
32, 693
31,930
33,531
31, 304
31, 709
33,992
155, 564'
164, 742
166, 359
173,954
45, 448
48,956
47, 667
47, 745
48, 538
47, 074
73,665
61, 665
67,693
71,020
.47
.43
.45
.45
.47
35,852
39, 024
41,917
41, 290
35,968
35, 733
38, 956
40, 636
42, 540
18, 254
17, 921
18, 488
17,324
18,180
52, 431
66, 536
68, 489
72, 684
66, 933
5,368
4,931
5,200
6,535
6,650
694
358
766
325
282
9,546
9,732
10, 580
11,222
9,211
25, 676
27,058
28,937
27,993
39, 579
49, 483
52,056
56,964
50,119
.25
.21
.25
.23
.26
1,391
1,284
1,290
1,300
1,350
5, 355
4,597
5,309
4,941
5,410
27, 716
27,426
31,610
37,850
57,447
116, 732
103, 068
88,481
90,853
180,883
173,493
163,329
161, 747
44, 761
38,166
34,180
36,054
125, 342
100,871
64,381
34,347
.45
.47
.51
.55
40,910
35, 867
27, 640
26,257
46, 278
46,121
42, 303
38,981
18, 231
17, 252
15,954
15,984
95, 385
89, 785
81, 084
72,055
7,449
9,722
11,102
10,033
323
252
341
356
19,343
23,449
18, 601
13, 635
28,809
23,164
16,386
15,295
77, 646
72,491
63,881
54,596
.23
.24
.25
.26
932
699
581
751
8,048
5,888
3,215
1,096
51,062
44,966
38, 620
33, 593
1927
Jan
Feb
Mar
Apr
93,912
91, 574
106, 873
124, 099
145, 906
135,997
154,276
165,822
37, 705
38,375
45, 210
48, 279
17,952
7,952
3,044
3,436
.50
.52
.51
.50
26, 250
26,609
32,928
38,126
36, 616
36,145
42,985
38, 212
12, 706
14,916
14, 872
16,923
62,136
54,072
47,840
45, 616
5,608
4,788
7,824
6,923
356
370
346
327
3,209
3,404
3,191
1,117
15, 685
16,076
20,084
23,669
46,026
39, 382
35,193
32,487
.26
.26
.25
.24
970
1,176
1,997
2,729
253
92
1,868
5,501
31, 207
26,053
33, 272
52,053
May
June
July
Aug
165,790
185, 375
234,043
143,464
149, 660
196, 213
178,952
186,123
63,710
75, 756
67, 282
58, 310
25,404
89,996
145,147
163,701
.43
.43
.42
.42
51, 262
58, 849
50, 265
36,157
42, 420
50, 720
35, 849
36,827
21, 301
22,134
24,134
22, 556
50, 864
67,216
87,937
90,204
7,072
7,656
6,503
3,430
297
241
231
251
2,619
7,060
8,977
16,023
33,462
40,003
35,826
49,999
67,091
69, 749
.24
.24
.24
.25
2,523 8,962
1,767 10, 565
1,225 10, 746
1,005 9,650
71,605
81,263
81,418
77,508
113, 555
149, 785
86, 238
88,164
179,871
178, 353
159,106
42, 234
38,301
33,607
33, 687
147, 396
118, 679
83, 224
46,309
.46
.48
.50
.52
36, 614
32,862
20, 511
21,186
46, 587
48, 793
36,022
21, 522
18,995
14,279
13,826
85,131
77, 603
70, 735
63,837
5,102
8,441
8,976
7,474
225
211
321
211
19,040
20,944
16,072
8,878
65, 453
59,035
53,447
47,738
.27
.28
.27
.29
66,107
70, 833
71, 965
87,912
96,126
123, 796
126, 844
129, 466
143,811
149, 671
104, 268
113,007
113,461
120,981
131,656
Sept
Oct
Nov
Dec
a.
a.
a_
a.
a.
1926
Sept
Oct
Nov_
Dec
_
_.
897
704
603
608
7,960
5,485
2,956
879
71,208
62,066
54,703
47,005
1928
Jan
Feb
Mar
Apr
Is/Lay
June
•
1
Data from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically complete factory production. Data on American cheese are
reported only every 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 July, 1926, issue (No. 59), p. 23.
2
Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, representing the disappearance of butter or cheese into trade. These data are computed from production (comprising actual factory data plus allowance for production on farms), imports, and the difference in cold-storage holdings. Monthly data on
butter from 1917 appeared in January, 1926, issue (No. 53), p. 23, and on cheese from 1920, in the May, 1926, issue (No. 57), p. 29.
3 Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, covering Boston, New York, Philadelphia, Chicago, and San Francisco, and representing
total of weekly figures with first and last weeks of month prorated.
4
Cold-storage holdings at end of month reported by U. S. Department of Agriculture, Bureau of Agricultural Economics, representing about 98 per cent of stocks held
in public and private cold-storage warehouses. Monthly data on total cheese holdings from 1917 appeared in the July, 1926, issue (No. 59), p. 23. Monthly data on storage
holdings of frozen eggs since 1916 were given in the May, 1927, issue (No. 69), p. 22.
s Average of daily wholesale prices of creamery butter, 92 score at New York City, as compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics.
Monthly data since January, 1910, were given in the April, 1927, issue (No. 68), p. 23.
6 Imports and exports for the United States from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing all classes of cheese.
Monthly data from 1909 appeared in the July, 1926, issue (No. 59), p. 23.
7 Exports from Canada from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures through 1925 represent monthly averages for the Canadian
fiscal year ended March 31 of the year indicated.
a 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.
fi Average of daily wholesale prices of American cheese, No. 1, fresh, at New York City, as compiled by the U. S. Department of Agriculture, Bureau of Agricultural
Economics. Monthly data since January, 1910, were given in the April, 1927, issue (No. 68), p. 23.
io One case of eggs equals 30 dozen, or about 45 pounds net.
" Five months' average, August to December, inclusive,
80484°—28
7
98
Table 75.—SUGAR
REFINED SUGAR
RAW CANE SUGAR
Imports i
YEAR AND
MONTH
Rec'pts
LouisiStocks
ana
at reFrom
fineries,
crop at Meltings
8
From
()
Hawaii foreign
end of
New
and
month i
countries Orleans
P.R.
(4)
Ex- 1
Stocks, ports,
Ship- end
of
includments,
ing
2 ports 6 2month
ports 6 maple
Long tons
63,336
66,890
67,984
69, 756
75,683
80, 581
175, 664
201,437
196, 569
205,716
183,802
16,184
10,109
8,501
14,050
9, 545
1918 mo. av__
1919 mo. av_.
1920 mo. av__
1921 mo. av__
1922 mo. av__
65,951
69,322
70,803
74,572
68,436
192,219
261,149
298,686
222,005
362,040
7,286
8,154
4,704
8,812
9,236
326, 547
334, 981
296,130
429,002
115, 706
106,017
158, 830
191,101
1923 mo. av__ 63, 575
1924 mo. av._ 79,142
1925 mo. av_. 100,257
1926 mo. av_. 96,486
1927 mo. av._ 100,101
286,806
307,724
332, 711
344,125
306,309
14,102
6,601
4,952
5,181
1,476
345, 730
378,937
426,075
431,261
406, 863
175,
184,
202,
323,
287,
1926
May
June
July
August
172, 569
151,174
83, 537
58,206
364,473
385,027
284,411
313,841
362
378
854
564
56, 798
51,505
26,827
20,475
326,105
299,863
352, 569
221,927
1927
January
February
March
April
70,187
142,800
157,549
158,556
May
June
July
August
September- _
October
November._
December—
RETAIL
PRICE 2
CUBAN MOVEMENT*
(RAW)
Raw Gran96°
Gran- Index, Receipts,
cen- ulated,
ulated,
51
in
Cuban
trifu- bbls.
N.Y. cities
ports
N.Y.
* * .
Dollars per pound
1909-13 m. a.
1913 mo. av_.
1914 mo. av__
1915 mo. av_.
1916 mo. av_.
1917 mo. av__
September. _
October
November _ _
December... _
WHOLESALE
PRICE 2
Eel. to
1913
Exports
Stocks,
end of
month
Long tons
2,953
1,926
14, 524
35, 838
58,812
37,602
$0.035
.038
.047
.058
.063
$0.043
.047
.056
.069
.077
$Q. 049
.053
.059
.075
.088
100
108
120
146
169
134,225
125, 726
210, 908
246, 245
201, 760
129,447
120,972
209, 971
237,004
204,422
242,583
280,333
364,179
436,913
308, 662
.064
.075
.130
.048
.047
.078
.089
.126
.062
.059
.094
.104
.182
.077
.066
176
205
353
146
132
272,066
328, 360
288, 281
291,342
357,892
265, 707
323,441
274,811
233,140
428,302
592,065
647, 341
410, 287
1,047, 721
617, 799
7 41,338
62, 202
7 18,083
12, 745
15,152
54,891
34,371
34, 739
68,341
770
473
648
541
659
53,336
62, 532
69, 758
71, 964
67,483
30, 529
27,319
22,185
36, 663
39,415
16, 520
16,381
28,228
7,957
9,314
.070
.060
.043
.043
.047
.084
.075
.055
.055
.058
.094
.084
.064
.061
.065
184
167
131
125
133
290,
332,
420,
384,
354,
609
554
238
321
868
290,065
332,035
411, 793
388,866
338, 677
452,681
491,389
465,144
453,226
519, 595
541,467
425,902
341,803
79, 731
93,196
88,316
79,088
65,003
38,454
33,030
33,330
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
228
157
17, 722
11,148
448,043
471,192
347,156
271,948
287,655
222,129
277,687
246,391
89, 753
66,828
50,681
48,407
31,107
40,215
42,178
26, 528
5,464
4,213
2,419
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
163,973
366, 551
400, 544
417.332
1,404
123
46
30
290,613
362,841
553,004
482,656
177,791
300,858
321,629
379,210
46,095
60, 724
84,070
85,401
24, 638
30,491
52,056
49,441
5, 760
6,541
18, 295
15,822
.051
.049
.048
.048
.062
.060
.058
.058
.068
.068
.067
.063
136
136
135
133
482,152
805,868
1,084,038
595,154
166,044
397, 066
512,824
441, 653
298, 682
702, 733
1,310,347
1,449,624
144, 715
140,717
98,160
93,071
348, 546
285,968
323,434
346,818
50
42
25
34
472, 528
503,703
459,108
457,961
370,898
361,915
308,961
296,012
84,961
84,528
73,507
78,069
44,643
47,986
46, 775
43,230
10,524
8,345
12,956
17,297
.048
.046
.045
.045
.060
.060
.059
.056
.063
.065
.067
.066
133
133
135
133
227,001
185,360
157, 420
208,474
336,320
359, 738
343,161
403, 719
1,357,045
1,156,430
998,209
783, 717
74, 520
76, 540
24,340
20, 058
278,078
319,464
223,855
201,139
23
None.
5,727
10,204
384,903
375, 748
295,922
243,364
258,427
254, 963
215, 665
205, 573
68,432
54,010
44,663
45,340
37, 536
35,128
30,665
30,387
4,451
3,642
4,480
3,651
.048
.047
.047
.046
.058
.057
.056
.056
.064
.064
.063
.062
131
131
131
129
167,805
151, 747
106,974
86,425
292,816
304,118
261,815
244,852
671,952
531,142
344,693
212,314
395, 339
455,115
713, 576
816, 549
818,074 |
1928
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 Rico. The original data in pounds have been converted into long tons for comparison with the other data.
2 Wholesale price of raw sugar, duty paid, wholesale and retail prices of granulated sugar in New York, and retail price index for 51 cities from U. S. Department of
Labor, Bureau of Labor Statistics, representing averages of weekly prices, except retail prices which are as of the 15th of the month.
3 Statistics of receipts at Cuban ports, exports from Cuba, and stocks at Cuban ports from Statistical Sugar Trade Journal. Monthly data from 1920 appeared in the
June, 1922, issue of the SURVEY (NO. 10), p. 49.
* Receipts of the Louisiana cane crop at New Orleans from the Statistical Sugar Trade Journal. These receipts total about half of the total domestic cane sugar production.
8
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.
• Compiled by the Federal Reserve Bank of Atlanta from reports of refiners at Savannah and New Orleans. Monthly data from 1921 are given on p. 23 of the present
http://fraser.stlouisfed.org/
7 Average for nine months, April to December, inclusive.
Federal Reserve Bank of St. Louis
99
Table 76.—COFFEE, TEA, POULTRY, AND FISH
COFFEEi
Visible supply,
end of month
YEAR AND MONTH
1909-1913 mo. av
1913 monthly a v
1914 monthly av _
1915 monthly av
1916 monthly av
1917 monthly av
POULTRY
TEA
Clearances
from Brazil
-:*
ImReports
ceipts
in
into
World United Brazil Total To U . S . 2
total States
U.S.
is
aa^
Thousands of bags
Dolls,
per lb.
Imports
into
U.S.2
Stocks
in
United
Kingdom <
Thous. of lbs.
sf
i*
l|
" 1,835
1, 576
1,727
2,016
2,611
1,138
936
1,431
1,186
1,064
1,097
928
1,395
1,078
864
441
461
589
552
526
573 $0.113
538
.107
638
.080
776
.075
737
.094
812
.091
8,241
7,418
8,151
8,842
8,814
10, 566
107,127
96, 338
107,053
110,784
67, 040
$0 242
.249
.248
.240
.240
.316
i2 7, 318
7,941
8,913
8,730
1,851
1,213
1,695
1,686
1,086
994
733
910
1,138
966
607
1,051
944
1,003
1,035
373
525
521
513
499
695
842
819
848
787
.098
.178
.120
.072
.103
11, 044
6,747
7,567
6,374
8,093
90,408
153, 759
213, 843
211, 666
187, 796
.358
.353
.337
.240
.303
5,863
4,857
5,146
4,619
4,597
903
726
736
779
759
992
1,280
1,070
1,143
1,302
1,175
1,158
1,118
1,130
1,239
625
583
586
625
665
889
#94
810
943
905
.115
.168
.203
.182
.148
8,927
7,701
8,437
7,994
7,464
]51,
159,
195,
180,
357
665
249
634
August
4,387
4,491
4,560
4,738
583
647
691
832
824
1,000
1,175
1,267
915
904
1,229
1,305
554
511
653
684
647
793
884
931
.198
.201
.198
.192
3,149
4,907
9,025
10, 056
September
October
November
December
4,663
4,601
4,564
4,701
912
899
888
978
1,167
1,262
1,324
1,493
1,263
1,394
1,301
1,194
695
797
780 1,209
721
913
716 1,038
.177
.161
.163
.153
1927
January
February
March
April
4,605
4,385
4,318
'4,261
1,014
903
765
806
1,218
1,052
1,063
933
1,241
947
1,223
942
666
447
672
511
907
952
811
962
August
4,322
4,393
4,537
4,716
743
788
634
825
1,058
1,206
1,258
1,504
935
1,169
1,235
1,312
September
October
November
December.
4,622
4,917
5,050
5,041
547
634
686
768
1,405
1,838
1,714
1,372
1,334
1, 583
1,510
1,441
11
1918 monthly av
1919 monthly av
1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
_
av.
av
av
av
av
Cold- Total Cold- Canned salmon
Recatch, storage
ceipts storage
prin- holdholdat 5
ings
cipal
ings
mar-6 (end of fishing
Ship- Exports,
7 (15th 6of ments,
6
kets
mo.)
ports
Canada •
mo.)
U.S.8
Dolls,
per lb.
11,819
11,370
9,468
9,280
10, 671
FISH
Thousands of pounds
Cases
io 11,164
!011, 798
io 12, 256
16, 073
15, 513
36,604
106, 083
60,167
85, 313
83, 875
18,239
21, 355
23, 559
44, 032
64, 798
46,146
50, 278
54, 276
18, 393
17, 667
16,195
14,196
14,884
62, 501
61, 764
45, 296
44, 355
35,311
.310
.316
.350
.355
.342
28,397
30, 265
26, 733
30,178
28, 684
68, 045
64,990
82, 050
70, 395
78, 949
16,318
17,005
19, 951
22, 055
36,
45,
44,
46,
48,
210
041
084
882
936
471,438
541, 804
527,109
524, 806
55,896
93, 875
134, 938
103, 749
95,353
161,972
154, 751
147, 209
156, 559
.355
.355
.355
.355
16, 519
21, 311
20,974
23,164
42,
36,
35,
38,
808
730
793
634
22,900
27, 929
29, 564
32, 043
21,540
31, 345
45, 606
57, 627
177,464
368, 619
581, 072
840, 065
27,148
19,208
22, 708
100,321
12,148
11, 057
10, 737
9,559
175, 012
186, 021
195, 912
207,003
.355
.355
.355
.350
24, 579
31,105
69, 991
76, 919
44, 771
64,842
106, 854
144,497
24, 414
23, 762
19,924
13,439
64,657 1, 237, 767
70,310
836, 374
75, 034
543, 333
69,854
584,097
130, 796
245, 660
245, 883
121,965
.153
.149
.158
.162
8,876
5,585
5,369
5,251
222,636
217, 413
194, 362
179,315
.345
.345
.345
.345
27, 704
18, 949
15,777
13,956
144, 076
129, 510
104, 697
77, 282
18,140
19, 349
28, 610
20,556
58,
48,
34,
24,
655
684
887
731
482,140
490,107
368, 071
206, 647
106,145
66,467
126,594
53, 450
509
704
655
838
666
791
595 1,007
.154
.148
.142
.139
4,732
5,343
6,101
9,467
158, 012
145,417
137, 417
146,684
.345
.345
.345
.345
20,157
21, 479
18, 282
22, 691
61,525
50,064
42, 293
39, 711
25,171
27, 072
27, 322
33, 284
29, 782
36, 696
42,118
54,061
288,120
357, 014
508,196
802, 320
64, 590
35, 913
48,190
110, 004
712
667
862
976
813 1,099
876 1,144
.135
.147
.145
.142
9,586
9,687
10,547
9,057
164, 368
185, 921
215, 380
.345
.345
.329
.325
24,391
29,103
61, 370
70,350
43, 201
52,315
85, 030
117,678
26, 633
27,385
21, 096
60, 330 1,138,147
65, 960
791, 856
66,790
377,951
64,539
97,163
120, 446
219,358
§5,921
467, 086
76, 000
82, 833
106, 813
53,396
75, 729
1926
May
June
July
May
June
._ __
July...
._
1928
January
February
March
April
.
May.
June
...
1
Data on coffee, except imports and prices, from the New York Coffee and Sugar Exchange, Inc. Brazilian figures cover the ports of Rio; Santos, Bahia, Victoria, and
Paranagua, Victoria being added in 1925 and Paranagua at the end of 1927, these two ports being of small importance in coffee movement prior to those dates. The world
visible supply consists of stocks in Europe, United States, Brazil, and afloat, all of which are shown separately in the Exchange's monthly report. Monthly data for
19202and 1921 appeared in May, 1922, issue (No. 9), p. 102, and for 1922 in May, 1924, issue (No. 33), p. 156.
Imports of coffee and tea from 77. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports of coffee have been reduced to bags from original
data3 in pounds, taking 132 pounds to the bag.
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices in the New York wholesale markets, except that prior
to 1918,
the prices are averages of quotations on the first day of the month.
4
Compiled by the British Board of Trade, representing the quantity of tea remaining in bonded warehouses in the United 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.
6
Receipts at the markets of Boston, New York, Philadelphia, Chicago, and San Francisco, compiled by the IT. S. Department of Agriculture, Bureau of Agricultural
Economics,
are totals of weekly figures with overlapping weeks prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
6
Cold-storage holdings at principal warehouses compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Poultry holdings are given as of the.
end 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 IT. S. Department of
Commerce, Bureau of Fisheries. Details by ports are given in monthly statements.
s Shipments of canned salmon from Puget Sou ad, 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
Canadian
fiscal year ending March 31 of the year indicated.
10
Excluding Portland and Seattle.
11
Seven
months' average, January to July, inclusive.
32
Six months' average, July to December, inclusive.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
100
Table 77.—TOBACCO
UNMANUFACTURED
MANUFACTURED PRODUCTS
Wholesale
price 5
Stocks *
(quarterly)
Sales,
Production loose-leaf
Exports,
(crop
leaf 3
wareestimate) i houses 2
YEAR AND MONTH
Chewing,
smoking,
snuff, and
export
types
Cigar
types
Total,
including
imported
types
T h o u s a n d s of p o u n d s
1909-1913 monthly average
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
996,176
953, 734
1,034, 679
1,062, 237
1,153, 278
1, 249, 276
1918 monthly average
1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1, 439,071
1,465, 481
1, 582, 225
1,069, 693
1, 246,837
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1, 515,110
1,251,343
1, 376, 628
1, 297, 889
Consumption 6
(tax-paid withdrawals)
Exports 3
Leaf
average,
Kentucky
warehouse
Manufactured
tobacco
and
snuff
Dolls,
per cwt.
T h o u s . of
pounds
630,959
597, 849
549, 932
586,844
629, 991
1, 296, 308
1,404, 636
1,497, 029
2,107, 525
2, 944, 272
193,234
200, 602
173, 015
354, 889
584, 977
Large
cigars
Small
cigarettes
Cigarettes
Thousands
31,417
36, 754
28,827
35, 877
39, 784
21,186
810, 469
835, 462
915, 452
821, 564
923, 240
369, 802
344, 971
361,114
286, 007
275, 770
1, 234,014
1, 224, 524
1, 343, 396
1,165, 332
1, 250,801
$6. 949
10. 300
16. 793
36,990
36, 745
36, 863
38, 847
40, 248
682,149
65, 280
74, 254
41,601
33, 656
63, 826
38, 946
42, 946
35, 907
975, 427
1, 030, 642
1, 026,109
1, 227, 487
1,121, 075
291, 214
303, 343
327,185
344, 617
386,091
1, 337, 747
1,402, 525
1,440, 507
1, 650,022
1, 587,422
23. 014
22.102
14. 595
11. 784
14. 450
41,
35,
33,
32,
35,
423
339
324
208
019
587, 796
589, 363
661,418
563, 218
574, 383
3,888,075
4,426, 649
3, 720, 072
4, 240,181
4,463, 752
1,012,128
1,350,981
1, 319, 489
711, 973
956, 334
42,028
40, 344
52, 398
65,051
80,411
41, 434
48, 005
39, 200
39,897
42, 228
1, 207, 714
1,329,960
1,383, 519
1,408,152
404, 584
410,435
398, 243
400, 273
1, 689, 639
1,814, 686
1,864, 016
1,879, 602
15. 058
14. 729
13. 875
8.472
34, 342
34,415
34,186
34,173
32,840
583, 241
554, 867
541, 729
549, 077
547, 615
5, 370,890
5,917, 368
6, 663,134
7, 453, 926
8, 098, 050
1,027, 303
882,616
678, 803
791, 278
590, 992
27, 431
30, 762
• 29,760
26, 263
1, 372,438
424, 460
1, 868, 296
6.070
5.769
6.265
6.385
34, 380
36, 327
33, 648
35,809
507,
576,
568,
594,
253
562
553
242
7, 257, 751
8,486,335
7,961,032
8,068,005
866, 705
1,061,448
726, 669
819, 569
1,312,142
389,178
1, 768, 399
1, 416, 412
353,973
1,841,645
7.346
8.419
10.014
12. 546
36, 224
34, 731
30,955
28, 218
600,016
664,497
654, 975
464, 575
8,086, 274
8,060, 677
7, 345, 202
6,391,844
762,387
654,013
611, 998
775,081
12. 356
10. 536
10. 526
6.490
33,005
31,874
35, 347
31, 561
466,078
441, 696
528, 698
475,980
7, 269, 356
6,609,166
8,026,096
7,880,403
761,026
611, 221
747, 967
468, 852
6.299
7.633
8.786
15. 730
33, 420
35, 059
31, 570
35,337
540,874
576, 528
561,199
604,870
8, 538,988
8, 736,464
8, 277,052
9, 328,055
893,152
809, 523
479,166
365, 448
15. 594
11.331
34, 673
33,992
31, 553
26, 685
639, 359
688,921
654,165
393,007
8, 994,416
8, 552, 397
8,093, 752
6,870, 462
371,168
672,015
547, 904
364,467
1926
May
June
July
A ugust
1,139, 251
1, 202, 884
4,189
7,660
582
34,772
September
October
November
December
1,306,494
1, 293,918
1,304, 494
1,301, 211
102,691
131,891
141,000
122,882
38,319
53,129
49,136
50,375
130,006
118,493
61,319
8,076
66, 337
46,840
41, 669
35,041
1,099,114
1,137, 762
2,180
236
72
66,810
40, 366
33,053
28,229
27,817
1,168,413
1,168,900
1,190,357
1,237,832
136,824
162,386
161, 702
116,822
33, 394
47,044
54,307
47,644
1927
January
February
March _
April
___
May
June
July
---
August
September
October
November
December
- -
1, 570, 595
421, 699
2,081,695
1, 371,003
372, 758
1,844,462
1,376, 271
335,474
1,804,160
1928
January
February
March
April
May
June
1
Estimate of production of the tobacco crop from the U. S. Department of Agriculture, Bureau of Agricultural Economics. The annual figures represent the latest revised
estimates of the year's total crop, not monthly averages, while the monthly figures represent the current estimate of the total crop for the year made the first week of each
month.
Revisions of the December estimate for each year are made in December of the following year.
2
Sales of tobacco from loose-leaf warehouses compiled by the Federal Reserve Board, Division of Research and Statistics from reports of State authorities of Kentucky,
North Carolina, South Carolina, and Virginia, which States grow about 75 per cent of the total tobacco crop. Sales from Kentucky wTere not available for the first six months
of 1919, so that the year's figure is partly estimated by estimating the Kentucky figures for the first half year as equal to the sum of the sales in the other reporting States,
which
is approximately the normal proportion of Kentucky sales to the total.
3
Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
4
Stocks of leaf tobacco held by manufacturers and dealers compiled by the U. S. Department of Commerce, Bureau of the Census. During the years 1913,1914,1915,
and 1916 the data were collected semiannually in March and September, the quarterly collection commencing with December, 1916. Therefore the averages for the years
19136through 1915 are semiannual, while for 1916 three quarters are averaged, and thereafter four quarters.
Compiled by the U. 8. Department of Labor, Bureau of Labor Statistics, representing average of sales of leaf tobacco from all Kentucky warehouses.
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 case3 the
series taken represent over 90 per cent of the totals for each class.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
101
SHIP
CLEARANCES i
VESSEL
LOSSES 2
(quarterly)
Completed
during
month 3
Vessels in foreign
trade
YEAR AND
MONTH
Lost
Amer- Forican
eign
SHIP CONSTRUCTION
Abandoned
Total
Total
Thousands of net
tons s
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.
1927 mo. av_
2,836
2,507
2,639
2,329
2,503
2,329
2, 378
2,483
2,816
2,704
2,756
3,228
3,232
3,525
4,209
3,804
5,653
5, 211
5,395
5,556
5,735
5,854
6,587
6,287
62, 090
48, 291
28, 842
31, 216
31, 772
21, 527
23, 051
8,556
15, 272
34,173
171, 683
168, 445
35,845
86, 228
1926
May..
June.
July
August
2,536
2,640
3,149
2,567
3,529
4,445
5,275
5,325
6, 065
7,086
8,424
7,892
14,960
82, 014
September _ 2,554
October
2,908
November . 3,063
December__ 2,366
5,103
5,032
4,638
4,522
7,657
7,940
7,701
6,888
21,107
64,778
30,290
124,175
1927
January. __
February-_
March
April
1,818
1,735
1,882
2,618
3,335
3,011
3,265
3,542
5,153
4,746
5,147
6,160
May
June
July.
August
2,632
2,575
2,649
2,916
3,616
4,260
4,493
4,634
6,248
6,835
7,142
7,550
September
October
November.
December. _
2,712
2,939
3,261
2,057
4,520
4,035
3,697
3,239
7,232
6,974
6,957
5,296
37, 033
261, 720
16,146
26, 593
Aliens«
United States
citizens«
Passports
Charissued
°
ter
ImmiDeparEmirates grants grants Arrivals tures
world
routes
(7)
Thous. No. of Thous. No. of Thous. Rel.to
Number
Number of people
of gross
of gross 1911-13
of gross
av.
tons 8 ships tons § ships tons s
18,836
46, 225
86,192
226, 773
354,845
28,846
26, 354
9,548
27, 094
50,895
155,110
294,849
238, 394
115, 569
28, 246
24, 099
17, 507
17, 595
19, 006
29, 946
208, 557
102,157
13, 239
9,774
10, 854
11, 068
13, 574
23,109
1,188
546
231
197
173
186
259
377
819
009
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
6,396
19,374
41,869
42, 752
1,208
15, 532
26,847
33, 631
313
310
288
235
40,030
56, 075
25,184
24,352
31, 661
48,174
19,141
21,145
235
219
219
216
31, 510
9,290
26, 657
35,867
23,303
3,364
22, 554
30,742
216
241
194
16,
22,
14,
19,
World (quarterly) *
IMMIGRATION AND EMIGRATION
Under conSteel Mersea- chant Launched struction,
end of
going vessels
month
Gross tons 8
1913mo. av
1,250
1914 mo. av. 1,000
1915 mo. av_ 1,340
1916 mo. av_ 1,537
1917 mo. av 1,666
1918 mo. av. 1,563
1919 mo. av. 2,083
Under
construction
FREIGHT
RATES
Table 78.—OCEAN TRANSPORTATION
1,236
438
330
186
241
278
467
621
833
713
300
422
735
1,362
1,786
440
344
213
163
218
201
140
1,466
1,085
617
410
505
541
409
556
156
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
102
59,047
46,992
31, 764
62, 587
29, 564
24, 227
28,025
21,810
20, 498
9,664
5,884
7,510
6,807
6,098
17, 038
19, 272
24, 296
23, 020
26,839
30, 550
31, 515
21,102
23, 340
24, 209
21,728
25,137
28, 569
30, 645
13, 374
11,474
11,463
10,521
12,198
14,342
14, 669
15,203
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
23,805
6,634
5,377
6,859
9,481
71, 263
34,176
27,844
16, 777
26, 268
18,150
17,992
19,608
8,747
7,896
8,434
8,431
18,804
21,695
29,868
33, 034
3,928
3,949
4,244
4,185
16,913
25,097
32, 752
29, 055
21,483
29,732
27,041
26,815
9,053
9,381
17,556
27,144
31,819
24,000
23,420
28,418
6,148
3,133
9,230
6,322
26, 238
25, 736
29,935
57, 701
28,849
51,379
65, 686
43,039
32,863
27,813
14,831
10,269
31,000
31, 719
27,758
7,625
6,402
5,871
75,557
50,254
24,325
39, 748
24,396
22,612
8,474
8,063
8,596
8,387
100
757
745
625
497
2,556
2,546
2,261
1,941
2,901
376
512
1,971
89
138
387
477
1,851
101
130
410
476
1,933
124
118
289
645
2,570
112
196
578
671
2,841
107
190
535
663
3,074
104
823
3,119
1928
January
February
March.. __
April
May
June
1
2
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 II. 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 TJ. S. Department of Commerce, Bureau of Navigation. The total completed includes ocean-going, lake, and river vessels built and officially numbered,
including vessels of the U. S. Shipping Board and private American owners, but not vessels built for foreign owners. The column on merchant vessels under construction
includes all kinds of ships except Government vessels building or under construction at the end of the month. Monthly data from 1915 given in the January, 1924, issue
of the SURVEY (NO. 29), p. 49.
* Quarterly data on world ship construction compiled by Lloyds', covering all vessels of 100 tons and over, except that from 1914 to 1921 figures for Germany are not
included.
« Compiled by the TJ. S. Department of Labor, Bureau of Immigration. Aliens admitted and departed include complete legal immigration and emigration but not nonimmigrants.
e Compiled by the TJ. S. Department of State, Division of Passport Control and excludes passports issued to Government officials.
7
Compiled by TJ. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering six tramp-ship commodities over 12 world-wide trade routes.
8 Net ton represents 100 cubic feet internal carrying capacity after prescribed allowance for crew and engine space, while gross ton represents in units of 100 cubic feet
the
entire
cubical capacity of the vessel, including crew and engine space.
102
Table 79.—RIVER AND CANAL CARGO TRAFFIC
CANALS
RIVERS
Panama i
YEAR AND MONTH
In
AmerTotal ican
vessels
New
Cape
WelIn Sault
Ste. York
State Cod* Suez* lande
Brit- Marie
-'
ish
(3)
vessels
Thousands of long
tons
1913 monthly av
1914 monthly av
1915 monthly av__.
1916 monthly av___
1917 monthly av___
1918 monthly av _
1919 monthly av___
407
258
588
628
576
182
71
123
175
230
183
131
283
218
156
1920 monthly av___
1921 monthly av___
1922 monthly av _
1923 monthly av___
1924 monthly a v . . .
1925 monthly av__.
1926 monthly av_._
1927 monthly av___
781
962
907
1,630
2,158
1,892
2,299
2,425
379
432
413
913
1,256
1,056
1,238
1926
September
October
November
December
2,240
2,375
2,272
2,310
1937
January
February
March
April
May
June
July
August
-_
September..October
November..December
Thousands of
short tons
Short
tons
St.
Lawrence 6
Mississippi
(Govt.- Monon- Alleowned gahela» gheny 9
barges)
(7)
Thous.
of met.
tons
Ohio by districts «
(quarterly)
Ohio
(Pittsburgh
to
CinPitts- HuntWheel- Total burgh
ing- cin- Louis-!
ing) s
ton nati ville
Short tons
Thousands of short tons
i
9,965
372
6,921
297
8, 911 * 265
11,486
232
11, 227
185
10, 710
166
8,529
177
134,107
99,411
153,140
216, 402
236
310
277
411
529
498
553
9,910
6,032
8,259
11, 203
9,042
10, 234
10, 960
10,419
203
208
262
312
290
335
339
158, 600
114,406
103, 226
115, 788
70, 242
50, 733
65,110
68, 681
1,421
1,459
1,780
1,898
2,122
2,215
2,117
370,105
422,208
464,809
531, 260
682, 534
805,133
744, 931
821,307
388,429
518, 795
597, 653
641, 944
759,067
851, 407
874, 814
989,119
13, 392
36,939
49,841
59, 203
70, 792
75, 896
87,054
111, 381
1,144, 652
1, 787,388
1, 733,135
1,840,193
2,039,110
2,041,081
247,189
270,053
252, 667
292, 871
209,100
295, 570
298, 766
538,380
523, 497
588,130
776,813
801,845
1,254
1,327
1,195
1,233
573
556
543
551
12, 789
12, 879
8,170
1,387
416
348
326
(*)
58,831
83,218
79,040
79, 465
1,845
2,153
2,059
2,304
717, 548
833, 591
579, 881
62,849
872, 597
923, 051
682,848
72, 276
110,
103,
104,
80,
690
960
450
910
2, 317, 562
2, 303, 595
2,192,169
2,115,215
291,
274,
246,
191,
111
931
446
719
927, 851
975, 225
881, 490
639, 709
2,242
2,230
2,534
2,430
1,216
1,149
1,350
1,410
478
539
641
491
(*)
(*)
(*)
4,698
(*)
(*)
(*)
169
50, 378
41, 945
52,081
54,155
2,305
2,209
2,724
2,786
(*)
(*)
(*)
321, 670
(*)
(*)
(*)
241, 070
89,
85,
104,
121,
610
482
301
673
1, 935, 879
2,117, 558
2, 529, 828
1, 829, 631
89,
85,
108,
184,
242
605
433
015
621,
624,
765,
744,
2,380
2,229
2,450
2,430
1,308
1,318
1,341
1,390
550
432
524
514
12, 573
12, 614
11, 660
11, 721
285
381
292
390
60, 482
84,062
65, 849
58, 685
2,410 1,040,748 1,094,346 99, 608
2,298 991, 787 1,211,603 94, 092
2,548 752, 831 898, 273 96, 643
2,477 1,011,771 1,128,517 122,300
1,806, 081
1, 851, 453
1, 990,824
2,132,449
195, 792 696, 722
260, 612 817, 446
316, 859 951, 562
333, 279 1,007,373
2,398
2,718
2,489
2 574
1, 257
1,396
1,113
594
714
743
10, 791
11, 231
6,898
1,169
357
381
327
67,873
89, 030
101, 206
98, 426
2,389 1,090,647 1,178,199 89, 396
2,402 1,130,277 1,198,952 104,923
853, 845 908,199 114, 541
53, 793 114, 000
53, 883
2,181, 251
2,132, 076
2, 020, 004
1, 965, 934
421, 985
444, 358
338,975
176, 540
1928
Januarv
Februarv _
March
\.pril
i
I
l
1,164
i
8,731
496
697
632
400
988, 412
894, 938
823, 910
685, 546
3,844
4,790
1,912
2,327
1,116
1,265
134
139
772
1,060
5,790
3,143
1,471
159
1,017
5,555
2,492
1,394
162
1,507
3,562
1,999
1,001
76
487
5,007
2,272
1, 305
166
1,324
6,272
2,931
1,699
218
1,424
I
1
i
!
1
|
Mav
June
I
* None.
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 throughthe Erie Canal and onethird4 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.
5
Suez Canal traffic from Le Canal de Suez.
6
Data from the Dominion Bureau of Statistics, Canadian Department of Trade and Commerce. Monthly averages for each year are for seven months during the equivalent 7of which period the canals are usually open—that is, totals for the years are divided by 7 in order to present a figure fairly comparable with current monthly movements.
Cargo tonnage on Government-owned barge line on Mississippi River between St. Louis and New Orleans from U. S. War Department, Mississippi- Warrior Service.
Receipts and shipments of cargo by river at St. Louis, now discontinued, appeared in August, 1925, issue (No. 48). Monthly data from 1920, including Government bargeline 8traffic, appeared in July, 1922, issue (No. 11), p. 45.
Compiled by the U. S. War Department, Engineer Corps, represent total cargo traffic on the Ohio River between Pittsburgh and Lock and Dam 11, located between
Wellsburg and Wheeling, W. Va. The total of 3,585,188 short tons shown for the months of 1922, from which the average is computed, does not include the annual total
of 1,327,199 short tons not shown separately by months, the total movement for 1922 being 4,912,387. Data are available from 1910 to 1914 for traffic 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.
w Compiled by the U. S. War Department, Engineer Corps, representing tonnage of cargo traffic on the Ohio River. Each district includes only the traffic originating
in that district either on the Ohio River or on one of its tributaries, so that the total contains no duplications. Figures for 1925 and 1926 are quarterly averages, figures
being
reported quarterly, beginning with the third quarter of 1926. Prior to that time data were made available semiannually, the distribution as between the first two
quarters
of 1926 being partly estimated. The annual figures are quarterly averages.
1
103
Table 80.—RAILWAY, PULLMAN, AND EXPRESS OPERATIONS
REVENUES
Canada 3
United States l
YEAR AND
MONTH
Total
Total
operat- Freight Passenger operating
ing
TOTAL
OPERATING
EXP.i
NET
OPERATING
INC.2
United States
NET
OPERATING
REV.3
Canada
Thousands of dollars
1913 m a '! *9RSi iso
1914 m. a 241,608
1915 m.a_ 256, 630
1916 m. a. 302,104
1917 m. a. 337, 539
1918 m. a.
1919 m. a
1920 m. a.
1921 m. a_
1922 in. a.
•
1923 m. a.
1924 m. a1925 m. a.
1926 m. a.
1927 m .a.
OPERATING RESULTS <
Freight carried
lmile
United
States
Canada 3
PULLMAN
CO.«
VISITORS TO EXPRESS
NAT. PARKS 6 EARNINGS 7
RePasceipts sen- Total Pasper
gers reve- sengers
ton- carried nue carried
mile 1 mile
Persons
Automobiles
Total Operoper- atating ing
reve- innue come
Millions
Thous. Thouof dolls. sands
Number
No. of
cars
Thousands of
dollars
68,887
74, 966
81,812
7,230
9,548
10,025
$12,613 $2,092
16,306 3,615
15,640
260
13,006
116
Millions of tons
Cents
0.719
.723
.722
.707
.715
2,823
2,881
3,649
2,882
3,290
$3,445
3,284
3,483
3,684
4,311
2,072
2,182
2,021
2,326
2,691
$176,916
165,943
178, 804
214, 784
236,177
$57,548
54,230
53, 798
58,980
68,935
$181, 732
173,916
171,926
198,031
238,184
$59,900
53,451
70,002
87,265
81,232
$6,224
5,342
4,343
6,915
7,323
34,939
1,919
1,839
1,472
2,350
2.599
410, 549
432,005
518, 785
464,429
468,291
288,183
296,410
360,304
327, 328
334,076
86,056
98,334
107,285
96,172
89, 686
334,767
368,287
485, 861
383, 651
371,397
57, 759
43,034
4,846
51, 329
64, 748
4,689
2,651
420
3,034
3,896
36,410
33,034
37,445
28,731
31,320
2,586
2,246
2,605
2,199
2,202
.849
.973
1.052
1.275
1.182
3,556
3,863
3,904
3,111
2,877
4,164
5,756
6,012
5,370
5,465
2,397
3,112
3,271
2,600
2,646
529,118
498, 963
515, 553
538, 519
385, 465
362,412
379,424
401, 547
95, 636
89, 724
87,994
86,984
$37,199
39, 844
35,967
38, 315
41,222
412,081
379,970
381,946
393, 812
81,911
82,229
94, 987
102, 761
4,138
5,829
5,280
7,583
8,677
38,133
35,803
38,010
40, 724
2,602
2,862
2,454
2,715
2,887
1.115
1.115
1.097
1.082
3,167
3,010
2,996
2,958
6,048
6,063
6,683
6,820
2,854
2,841
2,961
3,006
2,933
113,062
132,874
138, 910
147, 851
12,452
16,002
16, 766
26,030
13,441
12,909
12, 829
12, 873
105
91
101
99
!
1926
May
June
July
Aug
518,042
541,447
557, 895
580,257
385, 510
397,841
409, 528
429,606
82,824
92,469
97,893
99,014
39,487
39,833
41,366
41, 225
389,145
391,419
396,358
400,423
88,130
107,394
116, 975
132,960
6,229
5,635
7,646
8,917
39, 833
39,252
41, 717
43,734
2,630
2,383
2,213
2,047
1,078
1,109
1,076
1,082
2,818
3,253
3,503
3,540
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
Sept
Oct
Nov
Dec
591,240
610, 385
562, 256
526,486
444,973
472, 389
433,488
384,108
92, 736
82,167
77,380
89, 622
44,830
50, 782
49,270
43,265
398, 762
415,892
403, 586
407,302
145, 763
146,358
114, 941
80,893
12,499
17,397
15, 539
8,196
44, 346
48,296
43,360
40,096
3,144
4,275
4,428
3,365
1,091
1,072
1,078
1,046
3,248
2,796
2,602
2,942
7,646
6,778
6,018
6,437
3,399
2,997
2,684
2,889
212, 387
55, 543
33,088
31,302
50, 383
15,620
3,658
1,744
13,167
13,203
13,188
13, 554
126
146
134
37
1927
Jan
Feb
Mar
Apr
487, 004
468, 994
531, 056
498,428
357, 840
353,857
406,399
371, 390
85,975
74,218
76, 630
77,332
35, 570
33, 701
39,990
38,116
387,489
361,473
395,423
384, 668
61, 579
70,045
94,948
73,627
4,212
4,002
8,284
5,777
39,223
37,250
41,816
37,102
2,836
2,436
2,775
2,506
1,025
1,056
1,077
1,106
2,834
2,470
2,546
2,583
7,086
6,180
6,458
6,329
2,988
2,583
2,738
2,775
51, 972
58, 599
59, 597
56, 543
6,359
6,187
6,887
8,508
12, 541
12, 403
12,964
12,937
88
98
107
90
May
June
July
Aug
518, 569
517,029
509,380
557,436
390, 680
381,975
369,985
415,179
78, 532
85,956
91, 633
91, 691
39,246
38,809
40,021
42,457
390, 787
388,025
383,717
393,294
85,664
87,364
84,383
118,226
5,442
3,492
5,238
8,236
40,113
38, 483
38, 380
41, 973
2,456
2,157
2,186
2,134
1,079
1,094
1,071
2,723
3,026
3,345
6,418
7,129
7,379
7,528
2,780
3,096
3,234
3,428
140,716 28,477
263, 268 54, 821
542, 544 113,626
492, 016 98,S449
12,671
12,648
12,441
12,486
87
91
70
83
Sept
Oct
Nov
Dec
> 565.091
426, 752
452, 608
385, 760
86,293
75,201
70,885
42,322
49, 295
386,388
399, 504
376,876
132,770
133, 776
86,424
9,633
15, 022
42,954
45, 552
37 228
2,454
4,238
7,625
6,494
5,915
3,288
2,851
2,606
2,831
199,336
50,101
34,736
13, 025
12, 958
115
130
1928
Jan
Feb .
i
580, 498
503,820
29,089
12, 862
4,305
Mar
Apr__
May..
June
!
i
|
1 D a t a from the Interstate Commerce Commission, covering Class I railroads, those having annual operating revenues in excess of $1,000,000, which comprise 193 railroads
with about 98 per cent of the total operating revenues of all railroads.
2
N e t 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.
s 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; monthlyreports cover all railroads with annual operating revenues of $500,000 or over, which includes 98 per cent of the total revenues of all roads. M o n t h l y data from 1920 on net
operating revenue and on freight carried appeared in July, 1922, issue (No. 11), p . 45.
4
D a t a on the United States from the Bureau of Railway Economics, except tons per mile for 1915 and 1916, from Interstate Commerce Commission.
M o n t h l y data on tonmile operations from 1916 appeared in December, 1923, issue (No. 28), p . 52.
fi Pullman passenger traffic furnished b y 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 t h a n a park); H o t Springs, Ark.; General Grant, Sequoia, and Yosemite, Calif.; Rocky M o u n t a i n , Colo.; Glacier, M o n t . ; Platt, Okla.; Crater Lake,
Oreg.; Wind Cave, S. Dak.; Zion, Utah; M o u n t Rainier, Wash.; Yellowstone, Wyo.; and M o u n t McKinley, Alaska. Vehicles are not reported b y Platt, H o t Springs,
Wind Cave, and M o u n t McKinley. T h e largest attendance of visitors is shown at Platt Park. M o n t h l y d a t a 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 M a y , 1921, thus presenting practically complete reports of the express business on railroads. Operating income includes net operating revenues (equal to
the difference between total operating revenues and operating expenses) from which have been deducted noncollectible revenue from transportation and express taxes.
104
Table 81.—LOCOMOTIVES
SHIPMENTS BY
MANUFACTURERS 3
ON RAILROAD LINES i
(end of month)
Y E A R AND
MONTH
O
Total owned
Number
1919 monthly a v .
1920 monthly a v .
1921 monthly av_
1922 monthly av_
1923 monthly a v . 7 64, 757
1924 monthly a v .
64, 962
1925 monthly a v .
64, 371
1926 monthly a v .
63,171
1927 monthly av_
61, 778
Tractive
power Number
(mills,
of lbs.)
Reported by
manufacturers 3
Domestic
Total
In bad order
UNFILLED ORDERS
(end of month)
Steam Electric
Per
ct. of
total
in use
SHIPMENTS,
ELECTRIC
LOCOMOTIVES «
(quarterly)
Reported by
railroads l
Domestic
Total
Steam
In
In
Elec- R. R. mfg.
plants
tric
Mining
Industrial
Number of locomotives
2,572
2,592
2,602
2,608
5, 559
17,026
12, 204
11,195
10, 819
9,318
8,852
23 8
6 25.3
23.9
26.4
19.0
17.4
16.9
14.9
14.4
7 265
187
144
200
163
7 230
179
250
18
166
20
217
165
118
83
100
55
224
130
117
281
129
101
146
90
248
109
63
113
61
1,447
367
892
1,636
499
467
583
331
206
787
1,488
386
335
461
250
653
572
780
713
726
667
555
525
110
122
57
40
85
61
46
38
43
8 13
40
59
77
34
8 846
351
236
430
164
506
442
635
580
38
40
103
95
455
401
635
559
585
522
445
455
92
84
123
67
520
562
394
466
343
262
391
297
100
72
57
53
143
84
31
22
27
30
23
19
•318
«143
9 172
•218
8
15
« 23
•16
•30
1926
January
February...
March
April
63, 595
63, 549
63, 546
63, 440
2,588
2,591
2,596
2,597
10, 074
10, 070
10,187
9,831
16.0
16.0
16.2
15.6
191
175
204
189
206
60
222 I
13
205 j 204
295 ! 251
126
163
162
151
91
101
146
122
May
June
July....
August _
63, 352
63, 266
63, 202
63,107
2,598
2,601
2,603
2,605
9,265
9,228
8,718
9,031
14.7
14.7
13.9
14.4
174
184
171
152
262
270
140
159
132
124
105
133
82
247
50
191
14
84
September..
October
November..
December..
63, 044
62,830
62, 672
62, 452
2,611
2,611
2,612
2,609
8,654
9,320
8,549
14.2
13.9
15.0
13.8
224
175
354
206
278
390
512
450
31
30
215
52
134
151
128
185
109
124
109
152
1927
January
February. _.
March
April
62,387
62,334
62,275
62,238
2,611
2,611
2,613
2,614
9,256
9,548
9,334
8,915
14.9
15.4
15.1
14.5
145
160
142
187
210
214
201
223
57
80
137
412
403
392
334
334
314
301
255
262
232
210
187
62,172
, 61,931
61,765
61, 540
2,616
2,611
2,609
2,603
9,030
8,759
8,535
8,502
14.7
14.3
14.0
13.9
148
258
155
104
213
500
331
329
109
89
60
81
434
400
399
363
380
333
299
244
251
200
173
171
61,455
61, 305
61,088
60,845
2,605
2,606
2,602
2,597
8,345
8,778
8,961
8,257
13.6
14.4
14.8
13.6
177
195
149
135
262
345
366
378
127
112
52
72
271
182
145
232
167
97
74
178
102
53
51
80
May
June
July....
August.
September..
October
November..
December..
237 I
17
149
14 !|
11
20
16
390
517
165
204
304
209
171
22
1928
January
February. _.
March
April
May_.
June..
1
Locomotives in bad order, both passenger and freight on Class I railroads, and number owned, retired, and building from American Railway Association, Car Service
Division.
Data for 1919 on bad-order locomotives from U. S. Railroad Administration.
2
Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing
during the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating the 1924 data was 91 per cent.
3 Reported direct to the U. S. Department of Commerce, Bureau of the Census, by principal locomotive manufacturing companies, exclusive of railroads making locomotives in their own shops. Both steam and electric railroad locomotives are included in these data, the totals including foreign as well as domestic business. Monthly
data from 1920 showing both shipments and unfilled orders for domestic and foreign business classified between steam and electric, appeared in the May, 1926, issue (No.
57), 4p. 25.
Data from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1922 appeared in April, 1925, issue (No. 44), pp. 27
and 628 and annual averages prior to 1919 in the August, 1927, issue (No. 72), p. 99.
Compiled from quarterly reports to the U. S. Department of Commerce, Bureau of the Census, from nine manufacturers comprising practically the entire industry.
Press
releases furnish details as to type, i. e., trolley or storage battery. Data for 1923 not available by quarters, but annual figures are reduced to quarterly averages.
6
Ten months' average, March to December, inclusive.
7
Eight months' average, May to December, inclusive.
8 Four months' average, September to December, inclusive.
6 Quarterly average,
105
Table 82.—FREIGHT-CAR MOVEMENT
SHORTAGE i
SURPLUS i
Y E A R AND
MONTH
Box
cars
Coal
cars
Total
cars 3
Box
cars
Coal
cars
LOADINGS *
Total3
cars
Grain
and
grain
products
Livestock
Coal
and
coke
Forest
products
Ore
Merchandise and
I. c. 1.
Miscellaneous
Total
N u m b e r of cars
1917
1918
1919
1920
1921
1922
mo.
mo.
mo.
mo.
mo.
mo.
av
av
av
av
av
av
6,437
29,251
82,135
15,985
127,982
47, 675
1923
1924
1925
1926
1927
mo.
mo.
mo.
mo.
mo.
av
av
av
av
av
4,200
25,868
444
15,852
112 934
52,360
24,174
82,056
1,896
51,579
169,393
153,585
191,065
204,397
142, 939
129,452
124,744
135,508
747,394
894,180
691,016
655,962
247,322
254,861
207,314
243,001
161,868
200,853
75,592
132,524
751,043
917,508
985,495
1,375,951
1,069,692
1,243,743
3, 716,007
3,486,045
3,759,873
3,276,930
3,600,630
10,566
384
90
96
1
13,527
487
112
196
105
27,873
1,046
440
334
142
189, 642
214,223
192,144
280,280
199,129
147,375
146,087
136, 301
133,015
128,971
851,753
754, 650
798, 560
884,598
818,989
312,074
305,594
311,402
304, 533
285,057
195,143
139,881
167,637
181,595
156,802
1,013,754
1,043,344
1,099,383
1,109,232
1,110,682
1,441,270
1,440,757
1,567,753
1,614,981
1, 612,979
4,151,101
4,044,536
4,268, 679
4,424,902
4,309,525
250,935
207, 683
246,549
276,573
10
83
None.
None.
170
15
None.
8
218
197
13
12
188,375
171,064
159,249
187,589
133,917
112,925
113,498
135,275
821, 641
770,225
783,393
883,334
267,836
299,306
307,889
378,461
39, 515
40,786
42,177
75,210
978,073
989,137
1,061,040
1,317,862
1,257,339
1,293,889
1,410,151
1,813,275
3, 686, 696
3,677,332
3,877,397
4,791,006
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.
159,854
157,258
273, 768
222,549
110,950
107,485
133,978
117,045
720,312
732, 557
936,363
808,083
306,817
296,976
336,137
282,956
221,205
270,652
363,938
310,404
1,065,149
1,011,712
1,251,986
1,040,756
1,561,533
1, 512,700
1,917, 589
1,606,325
4,145,820
4,089,340
5,213,759
4, 388,118
62,202
45,148
98,794
166,532
27, 519
12,106
12,521
61,181
114, 730
81,011
144,921
275,260
403
460
25
None.
100
1,360
516
18
542
1,945
579
28
196,316
259,260
174,747
213,332
147,100
845,152
200,243 1,193,973
138,314
991,566
145,454 1,128,579
282,182
361,092
262,014
272,733
300,786
338,332
128,314
47,822
1,041,404
1,357,562
1,028,078
1,168,023
1, 710,172
2,257,114
1,525,239
1,514,448
4,523,112
5,967, 576
4,248,272
4,490,391
148,742
141,589
131,844
137,432
62,588
83,252
68,417
90,075
259,548
275,153
248,477
259,736
2
None.
None.
8
85
85
466
1
164
125
538
19
184,460
178,387
160,217
188,152
129,815
110,990
109,265 #
137,048 *
942,576
903,149
896,527
852,223
257,874
275,597
281,834
344,373
37,849
42,823
42,923
111, 719
984,926
1,009,978
1,070,952
1,335,487
1,246,901
1,303,007
1,454,677
1,921,747
3, 784,401
3,823,931
4,016,395
4,890,749
133,345
147, 831
154,437
123,901
78,148
81,330
76,554
53,204
256,448
274,223
273,275
214,985
None.
None.
None.
None.
None.
None.
None.
147
10
None.
None.
151
158,527
156,472
229,524
219,898
115,378
108,383
128,226
112,323
689,903
653,119
770,272
735, 389
283,695
270,554
320,847
275,251
238,279
255,562
317,924
248,462
1,049,900
1,001,882
1,250,761
1,042,893
1,561,060
1,528,188
1,917,843
1, 615,143
4,096,742
3,974,160
4,935,397
4,249, 359
74,126
82,411
158,304
224,247
34,805
61,455
148,860
183,638
135,059
168,829
352,168
464,005
None.
None.
None.
None.
371
103
None.
None.
371
302
None.
25
238,699
273, 675
182,059
219,482
123,354
760,522
193,753 1,004,056
134,598
713,254
144,519
869,877
270,322
336,527
244,210
259,598
225,581
243,550
76,267
40,682
1,039,460
1,348,614
1,015,551
1,177,774
1,702,084
2,187,746
1,456,681
1,460,673
4,360,022
5,587,921
3,822,620
4,172, 605
75,605
1,981
154,499
90,897
23,592
68,680
189,396
24,194
339,026
164,500
65,901
28,964
18,991
43,148
1,146
26, 653
33,635
88,482
103,747
104,770
138,148
23,367
110,572
96, 843
61, 656
85,194
69,659
229,908
241,289
205,915
265,159
113,860
87, 389
95,478
118,419
92,040
74,151
104,280
115,205
June
_ _ _
July
August
135,233
140,421
104,796
88,967
September
October
November
December.
1937
January
February
March
April
1936
January
February
March
April
May
May
June
July
August
--
September
October—.
November
December
1928
January
February
March
April
May - _
June
-_ .
* 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 befilledfrom the idle cars because of the uneven geographical
distribution
of the latter.
2
From reports of the American Railway Association, Car Service Division. Thesefiguresare now put on a monthly basis from weekly reports, consisting of exactly four
weeks for each month prior to 1923, except in March, June, September, and December, which cover five weeks each year. From 1923 through 1925, thefive-weekmonths
are January,
May, August, and October. Beginning with 1926, thefive-weekmonths are April, July, October, and December,
3
Includes other classes than groups listed.
106
Table 83.—RAILWAY CAR SUPPLY
FREIGHT CARS
In railroad hands,
end of month 1
Shipments3 by
mfrs.
New
orders2
Y E A R AND M O N T H
In bad order
Total
Number
1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly
Capacity
(millions
of lbs.)
av.
av.
av.
av.
av.
PASSENGER CARS
Total
Domestic
Unfilled orders,
end of month 1
Total
Per ct.
Number of total
Shipments
UnIn
by mfrs.3 filled
railroad New
orders,
hands, or- 2
of
end of 1 ders
Do- end
To In R. R. quarter
quarTotal mes- ter^
mfrs.
tic
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
1923 monthly av_
1924 monthly av_
1925 monthly av_
1926 monthly av_
1927 monthly av_.
2,323,087
2,354,955
2,345,482
2,329,170
204,316
209,935
211, 257
211, 784
185,343
188,012
183, 725
154, 983
138,490
8.0
8.2
7.9
6.7
6.1
7,873
11,899
6,527
4,690
4,913
12, 233
6,850
6,447
6,675
4,524
12, 069
6,718
6,124
6,471
4,460
1925
September
October
November
December.....
2,363,643
2,359,103
2,353, 501
2,346,805
211, 212
210,952
210, 543
210,137
179, 571
165,481
165,818
157,405
7.7
7.1
7.2
6.8
6,113
5,556
13, 598
13, 776
5,405
2,849
3,365
3,618
1926
January
February
March
April
2,343, 943
2,345, 518
2.345, 947
2,348,129
210,116
210,370
210,575
210,965
158,160
161, 959
162,470
159,845
6.8
7.0
7.0
6.9
11,531
11, 353
7,640
5,622
May
June
July....
August..
2.344,955
2.346, 990
2, 348, 524
2,349, 305
210,968
211, 321
211, 637
211,896
168,498
165, 588
165, 756
161,396
7.3
7.2
7.2
7.0
SeptemberOctober
November.
December..
2.348,956
2, 345, 447
2,341,841
2, 336, 225
212,089
211, 975
211, 760
211,407
149,078
139, 484
137, 420
130,146
1927
January
February
March
April—
2, 336,050
2, 335,000
2, 332, 569
2, 332,184
211, 500
211, 485
211, 483
211,649
May
June
July
August..
2, 333,098
2,332,728
2,330,042
2,328,328
September.
October
November.
December. _
2,326, 616
2,325, 027
2,322,179
2, 316,224
53,891
54,144
34, 757
30,055
19, 836
44, 548
27,924
22, 810
13, 363
3,482
6,833
7,245
6,471
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
3,299
6,904
8,811
9,257
2,968
6,412
49,831
45, 344
44,183
43, 582
39, 751
34,626
35, 810
34,839
10,080
10, 718
8,373
8,743
435
4,270
1,256
164
8,170
10,009
9,287
8,357
8,130
10,003
9,185
40,003
34,874
27,995
19,819
31,437
27, 222
21, 762
13,816
8,566
7,652
6,233
6,003
6.5
6.1
6.0
5.7
2,564
2,891
2,732
5,831
5,606
5,311
2,433
2, 656
5,560
4,388
2,376
2,450
13,468
11,484
11,591
18,481
I 8,118
I 7,046
j 6,975
I 12,313
5,350
4,438
4,616
6,168
136,847
138,292
130,470
135,458
5.9
6.1
5.7
5.9
17,196
4,185
5,253
3,362
3,209
3,023
4,449
5,570
3,160
3,009
4,445
5,562
27, 069
28, 426
26, 717
26,305
17, 209
18, 255
17, 395
18, 217
9,860
10,171
9,322
211,875
212, 001
211,917
211,935
147,449
141,433
145, 590
141,038
6.5
6.2
6.3
6.2
4,378
7,566
1,459
1,066
6,202
5,935
5,544
5,317
6,182
5,584
5,528
5,270
23,666
21,956*
18,303
18,096
15,122
14, 678
12, 385
13, 545
8,544
7, 278 |
5,918
4,541
211,970
212, 027
211,985
211, 581
137, 571
139,441
137, 795
130, 493
6.0
6.1
6.1
5.8
40
326
14
14,114
4,397
4,320
3,780
2,545
4,393
4,101
3, 754
2,536
14,437
10,901
9,721
12,431
10,799
6,991
6,424
9,341
3,638
3,910
3,297
3,090
9,207
24
148
20
70
19
34
75
59
138
11
23
71
46
4
218
1,121
186
118
135
88
73
178
115
1,270
815
830
1,000
67
58
901
56
126
56
126
1,146
217
152
107
230
176
165
115
225
157
165
102
225
30
124
208
224
222
187
196 |
218
54, 245
131
32
124
105
178
197
145
191
53,999
314
246
212
54, 324
54, 658
54,458
54,166
184
213
135
110
100
54, 552
37
134
87
547
54,034
54,167
53, 938
54, 314
53,995
19
18
12
150
93
76
1,206
42 !_
55 L
71 1,013
88
52
147
119
152
52
147
119
146
t
j 1,051
;
1
201
119
166
174
201
119 !
164 i
174 ;
709
I
1928
January
February
March
April
MayJune.
I
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), p p . 59 and 60. Annual figures for passenger cars in railroad hands and on unfilled order are quarterly averages.
2
Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating the 1924 data was 94 per cent. Data for the years 1913
to 1918 from the Iron Trade Review appeared in May, 1924, issue (No. 33), p. 77; though not comparable month by month on account of different methods of compilation
they indicate the trend from year to year comparable to the above figures.
3 The data on shipments of manufacturers for railway equipment were obtained from the Interstate Commerce Commission, Monthly data from 1919 appeared m July,
1924, issue (No. 35), p. 55.
* Average of two periods, June 30 and Sept. 30 (no report made for Dec. 31).
107
Table 84.—PUBLIC UTILITIES
TELEPHONE
COMPANIES i
YEAR
AND
MONTH
Total
operating
revenues
Net
operating
income
TELEGRAPH
COMPANIES i
TeleCom- graph
merand
cial
cable
tele- opergraph ating
tolls
revenues
Operating
income
GAS AND
ELECTRIC
COMPANIES 2
Gross
earnings
Net
earnings
United States i
By
Gross
By
water fuels
revenue Total power
1918 m.a.
1919m.a_
1920 m.a
1921 m.a.
1922 m.a.
$5,898
$7,674
$1,711
$52,493
54,315
56, 668
63,039
70,416
Canada"
Passen- Avergers
age
carried 6 fares 7
In
In
mfg.
By Excentral pl'ts, Total water
port- 212 com- 272
sta- street
power
ed
tions rys.,
panies cities
etc.
Thous. of Cents
persons
Millions of kilowatt-hours
Thousands of dollars
1913 m.a. $13,132 $3, 710
1914 m.a. 13, 722 3,709
1915 m.a. 14, 527 4,139
1916m.a
16,452
4,785
1917 m.a. 18, 700 4,700
ELECTRIC
RAILWAYS
ELECTRIC POWER PRODUCTION
ELECTRIC
POWER
SALES3
$21, 431
22, 325
23, 512
26,051
25, 704
$26, 017
28,067
30,100
35,458
44, 925
20, 225
24,635
30,320
36, 265
40,204
4,649
5,104
5,415
7,573
8,882
6,287
7,596
9,113
8,043
8,435
8,477
10,095
11, 698
10,371
10, 608
1,282
1,636
1,438
1,265
1,697
78, 725
90,162
108, 871
112, 690
119,601
24,387
26,157
28,949
32, 884
37,238
55,442
60,083
73, 575
81,066
90,825
s 3,144
3,630
3,415
3,971
§209
1,346
1,248
1,434
1923 m.a. 44,106
1924 m.a 48,412
1925 m.a. 54,313
1926 m.a. 60,483
1927 m.a.
10,015
10, 555
12, 988
14, 560
9,027
9,085
10, 245
10, 830
11,153
11, 210
12, 598
13,214
1,583
1,548
1,796
1,734
132, 711
140,939
152, 260
166, 272
42,466
45, 511
52, 685
59, 590
105,796
112, 969
122,365
137, 692
4,639
4,918
5,489
6,149
8
1 , 935
2,284
2,167
2,537
3,294
3,082
3,629
336
333
342
1,612
1,664
1,863
2,182
3,027
3,254
3,626
3,967
4,260
4,540
5,103
5,768
379
378
386
381
821
932
807
919
%
7.354
107
126
784,893
784,896
792, 790
782,860
7.296
7.420
7.569
7.706
7.915
1926
Sept
Oct
Nov
Dec
62,009
62, 641
62, 363
64, 766
14., 848
15, 920
15, 941
16, 261
11, 654
11,204
10, 321
11, 032
14, 256
13,998
12,879
13, 726
1,887
2,092
1,626
1,712
159, 519
170, 668
175, 956
188,100
56,930
60,850
65,825
73,000
132, 600
141, 800
148, 300
155,000
6,221
6,594
6,482
6,817
2,078
2,181
2,255
2,405
4,143
4,412
4,227
4,412
5,873
6,220
6,096
6,383
348
374
386
434
929
1,004
1,015
1,053
915
990
1,001
1,036
147
144
128
128
742,932
807,261
791,386
855,835
7.720
7.757
7.764
7.779
1927
Jan
Feb
Mar
Apr
64,140
61, 634
65, 679
65,163
16,
15,
16,
16,
517
329
892
650
10, 074
9,549
10, 944
10, 636
12, 557
11, 873
13, 489
13,152
1,338
1,336
2,297
1,956
191,251
177, 613
179, 281
176,467
74,377
66,908
65,409
64, 908
162,000
152, 300
146, 200
145, 700
6,730
6,081
6,717
6,416
2,354
2,196
2,587
2,566
4,376
3,885
4,130
3,850
6,303
5,707
6,315
6,050
427
374
402
366
1,016
938
1,019
978
999
923
1,004
963
131
122
134
130
831,635
756,806
833, 316
800,722
7.805
7.841
7.841
7.852
May
June
July
Aug
65, 748
65,970
64,573
65, 758
16,130
16, 372
14, 232
14, 972
10, 697
10, 850
10,104
11, 241
13,321
13,416
12, 656
13, 894
1,864
1,928
1,417
1,940
171,057
174, 568
161, 638
162,124
61, 022
59, 302
53, 980
53, 455
140,
138,
134,
135,
600
700
300
600
6,582
6,475
6,455
6,684
2,671
2,532
2,434
2,404
3,911
3,943
4,021
4,280
6,219
6,128
6,109
6,335
363
347
346
349
979
961
946
1,035
966
948
931
1,019
125
139
138
157
802,172
768,968
733, 470
745, 769
7.871
7.919
7.944
7.952
Sept....
Oct
Nov
Dec
66,529
65, 233
65,193
16, 322
16,445
16,006
11,172
10,979
10, 238
13,822
13, 648
12,713
• 1,632
1,409
1,622
169,193
179, 344
184, 900
61, 800
67,100
71, 556
144,900
150, 800
6,607
6,928
6,860
2,201
2,385
2,499
4,406
4,543
4,361
6,269
6,576
6,503
338
352
357
992
1,079
1,082
977
1,061
1,060
154
143
129
728, 371
790,712
771,443
830, 930
7.952
7.985
7.999
8.018
1928
Jan
Feb
Mar
Apr
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
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 95 public-utility companies or systems operating gas, electric light, heat, power,
traction, and water services and comprising practically all of the important organizations in the United States, exclusive of telephone and telegraph companies. While
the above figures are not complete they are believed to represent typical conditions within the public-utility field. Gross earnings consist, in general, of gross operating
revenues while net earnings in general represent the gross less operating expenses and taxes, or the nearest comparable figures. In somecases the figures for earlier years
do not cover exactly the same subsidiaries, owing to acquisitions, consolidations, etc., but those differences are not believed to be great in the aggregate. Monthly data
from 1920 appeared in the December, 1927, issue (No. 76), p. 48.
a Gross revenue received from the sale of electrical energy as reported by the Electrical World represents the total receipts from the sale of electricity by companies with
about 83 per cent of the installed generator rating of the country, computed to 100 per cent of the industry on the basis of the percentage which the reporting companies
bear to the installed central-station rating of the country. Companies reporting sales are not identical with those reporting production of power. These figures cover light
and power companies only, excluding electric railways which do not sell their current. Monthly data from 1913 appeared in the July, 1923, issue of the SUEVEY (NO. 23),
p. 45.
* C om piled by the V. S. Departm ent of the Interior, Geological Survey. Production in central stations up to January, 1925, was segregated by the V. S. Department of Commerce,
Bureau of the Census, from the origiaa lrecords of reporting firms onfilewith the Geological Survey, from that produced in connection with street railways, manufacturing plants,
and reclamation projects. Details, by months, since 1920 for central stations appeared in the 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 1919
on total
production and segregation by water power and fuels appeared in the November, 1927, issue (No. 75), p. 26.
fi
Compiled by the Department of Trade and Commerce, Dominion Bureau of Statistics, covering all the large central electric stations in Canada, which in 1925 produced
98 per cent of all stations in Canada. These data do not include the output of pulp and paper mills and other plants generating electricity only for their own use. Monthly
data6 from 1925, including data on electric power generated by fuels, appeared in the November, 1927, issue (No. 75) p. 26.
Data compiled by the American Electric Railway Association from reports of 212 companies operating 24,187 miles of revenue single track and 3,090 miles of bus routes and
carrying
about 68 per cent of the total revenue passengers carried by electric railways.
7
Compiled by the American Electric Railway Association, representing the average cash fare paid in 272 cities of over 25,000 population, as of the end of each month.
8
Six months' average, January, May, June, August, November, and December missing.
108
Table 85.—EMPLOYMENT—INDUSTRIAL, RAILWAY, MINING, AND FEDERAL
ANTHRARAILWAYS' CITE
MINES a U . S .
GOVT.
WASHMisVehiLeathChem- Stone, Non- ToINGcelEm- Averer and Paper icals clay, fer- bacco cles
TON
for lane- ploy- ageEmits fin- and
and
and rous man- land
Pay
(civilian
ous ees on hour- ployished print- other glass met- ufac- trans- inemroll
pay
ment
iy
prod- ing prod- prod- als 6 ture porta- dusployroll
ucts
ucts
ucts
ees) *
wage
tion tries
INDUSTRIAL i
YEAR AND
MONTH
Total
12
groups
Food
and
kindred
products
Textiles
and
their
products
Iron Lumand ber
steel and
its
and
their manprod- ufacucts ture
Thousands
Relative to 1923
1914 mo. av
1915 mo. av
1916 mo. av
1917 mo. av
1918 mo. av
7 94.9
97 0
110.4
115.0
114.0
.....
i
| ... -
Dollars
OHIO
CONSTRUCTION*
[Index numbers for base year in bold-faced type]
Num- j Rel.
tol923
ber
Relative to
1923-1925
1,647 $0. 276
.313
1,733
.463
1.842
1919 mo. av
108.2
1920 mo. av
109 9
1921 mo. av _
85.1
9
1922 mo. av
88.4 »91.5 9 95.4 84. 7 6 96.1 8 98.4 8 95.1 8 92.6 8 96.3 (10) 9106. 2 8 83.7 8 89.8
1923 mo. av
100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
1,913
2,013
1,661
1,645
1,880
.557
.667
.665
.618
.615
8
106.2
67.2
106.9
98.5
58.0
104.3
99,970
92, 237
80,838
71,061
66, 214
82
100
90.3
91.2
91.9
88.5
95.6
90.9
89.8
89.3
88.2
87.3
86.1
87.2
86.3
87.3
92.0
85.8
94.8
93.1
90.8
83.4
90.6
92.0
90.3
88.4
100.2
100.8
103.6
103.7
91.6
94.2
98.4
95.1
96.7
97.6
99.7
94.2
92.7
9.67
97.5
90.5
94.0
92.0
85.6
84.0
88.6
91.0
91.2
82.8
87.8
91.6
96.8
96.3
1,777
1,769
1,806
.628
.634
.641
113.7
79.5
99.9
114.9
117.0
78.7
101.6
102.0
64,755
63, 703
60,505
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
1,828
1,774
.642
.639
.648
.653
115.0
116.1
116.7
116.7
122.8
130.9
111.4
119.3
59,
59,
59,
59,
849
618
489
569
112
101
94
85
89.4
91.0
91.4
90.6
88.5
88.1
87.2
86.0
88.1
89.7
89.7
88.3
88.1
89.8
90.3
89.4
84.0
83.2
82.9
82.8
91.6
92.1
91.6
87.1
104.3
104.4
104.4
103.6
98.3
100.0
105.0
105.2
89.4
91.1
94.8
97.8
92.4
92.5
94.6
93.9
77.8
83.6
83.5
81.6
81.2
85.3
86.3
86.8
100.7
102.5
102.5
101.8
1,724
1,721
1,731
1,758
.659
.672
.647
.645
116.8
116.0
109.3
111.3
109.6
104.2
88.0
83.6
59, 615
59, 502
59,591
59, 772
62
69
66
65
May
June
July
Aug
89.7
89.1
87.3
87.4
86.6
90.7
89.9
89.1
86.8
86.0
84.2
85.3
88.1
86.9
85.1
84.4
83.8
84.0
83.7
84.5
85.5
85.2
88.2
91.0
102.8
102.4
101.8
102.4
94.3
90.3
89.4
90.0
98.9
99.0
94.4
94.8
93.5
90.7
89.5
90.0
82.4
84.6
84.6
78.5
86.9
85.1
82.3
83.0
100.2
98.7
94.2
92.6
1,793
1,821
1,823
1,796
.646
.639
.648
.646
116.2
115.1
113.2
116.5
114.8
120.5
84.8
90.6
59,879
59,800
60,433
60,413
69
77
88
96
Sept.
Oct.
Nov
Dec. . _-
88.0
87.6
85.9
85.1
92.1
92.6
90.9
89.9
86.9
87.6
87.1
86.6
84.0
82.6
80.6
79.7
85.1
84.5
83.0
79.8
91.3
89.4
84.6
82.9
103.4
104.2
105.1
105.4
93.8
92.6
91.7
90.4
95.0
93.4
93.0
88.8
88.9
87.9
86.5
86.0
87.8
89.8
89.1
84.5
81.7
80.9
76.8
77.5
91.4
90.8
89.7
90.4
1,788
1,784
.659
.655
115.6
117.9
113.3
117.5
107.4
107.4
113.2
99.3
60,267
60,236
60,399
95
84
73
61
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
93
97
90
75
1926
Sept
Oct
Nov
Dec
Jan
Feb
Mar
Apr
1927
_ __
1928
Jan
Feb
Mar
Apr _
May
June...
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 t?ken from the payroll nearest to the middle of the month as reported by more than 9,000 firms, employing almost 3,000,000
workers. Details of this table, together with the method of construction, may be found in the April, 1924, Monthly Labor Review, pp. 129-132, while current details are
given
monthly in Employment in Selected Industries as issued by the Bureau of Labor Statistics.
2
Compiled from reports of Class I carriers and 15 switching and terminal companies to the Interstate Commerce Commission. The computation of average wages exclude
the officials
included in total on pay roll. Monthly data from 1920 given in January, 1923 issue (No. 17), page 51.
3
Compiled by the Federal Reserve Bank of Philadelphia from reports of operators to the Anthracite Bureau of Information relating to the first semi-monthly payroll period
in each
month.
4
Compiled by the U. S. Civil Service Commission, giving number ol civilian employees carried on rolls at end of each month. Details by departments, with data on
additions
and separations, are given in the monthly reports.
8
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 areT 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 w are and brass, bronze, and copper products.
78 Average for last 7 months of year, earlier data not available.
Nine months' average, April to December, inclusive.
9
Average of last 6 months of the year.
io Data for this group not available in 1922.
109
Table 86.—FACTORY EMPLOYMENT, BY STATES AND CITIES
[Base year in bold-faced type]
CANADIAN
EMPLOYMENT i
EMPLOYEES ON PAY ROLL
YEAR
AND
MONTH
MasNew Penn- Dela- IlliNew
4
Jer- syl5
sachusetts 2 York s sey ^ vania J ware nois
Relative to
Relative to 1923
1914
1914 m.a 100.0
1915 m.a_
98.3
112.5
1916 m.a.
116.8
1917 m.a
118.5
1918 m.a117.6
1919 m.a..
114.7
1920 m.a.
1921 m.a
1922 m.a.
1923 m.a.
1924 m.a.
1925 m.a.
1926 m.a.
1927 m.a.
Rel. to
1922
Wisconsin o
Rel. to
1915 §
Detroit 7
Employ, Trade
index unions
Rel. to
1920
Rel. to P . ct.
Jan.,
em1920
ployed
100.0
s 105.0
103.3
121.1
126.4
128.5
119.9
124.3
95.4
101.0
107.2
91.2
92.2
90.8
85.7
97.1
104.6
105.7
105.4
104.8
105.0
100.6
1926
May
June
July
Aug
91.0
88.2
83.0
86.6
Sept
Oct
Nov
Dec
128.0
136.0
140 0
136 0
135.0
94.3
106.8
124.1
117.5
122.2
122.7
9
100.0
i*100.0
59.0
97.8
131.5
122.4
139.0
138.1
125.0
87.0
88.6
94.8
91.9
93.0
98.8
92.1
io 98.1
io 98.1
98.5
96.6
95.4
87.5
93.0
95.1
93.0
93.0
94.9
90
90
96
96
89
91
92
86
100
80
81
82
75
100.0
110.4
101.1
97.9
101.2
95.3
104.2
103.8
101.5
102.3
91
90
92
93
91
91
90
91
83
81
81
82
101.1
101.0
101.1
100.7
121.7
121.2
125.8
125.9
147.1
135.7
141.2
144.3
101.0
103.7
104.2
104.9
95.1
95.9
97.7
97.5
90.0
90.8
90.6
89.5
104.6
105.9
104.6
103.6
100
100
101
100
93
94
93
91
82
78
77
80
102.9
102.4
101.1
99.7
123.9
121.0
119.2
116.5
141.3
131.2
124.4
53.0
105.2
102.8
101.1
94.8
1937
Jan ___
Feb
Mar
Apr
88.9
90.4
89.5
87.4
101.7
102.7
103.3
101.9
100
100
99
97
89
89
90
87
80
81
79
76
97.8
98.4
98.1
97.5
115.4
118.7
119.4
117.3
130.2
134.9
136.6
136.5
May
June
July
Aug
85.9
84.1
82.1
84.0
100.4
100.2
98.5
99.2
94
94
93
93
87
86
84
84
74
72
73
71
96.9
96.6
93.1
94.4
115.2
116.0
119.7
121.7
Sept
Oct
Nov
Dec
85.2
85.5
84.3
81.2
101.3
101. 5
99.6
97.7
95
95
94
93
84
84
83
81
74
73
74
75
94.2
93.7
91.8
90.8
118.5
117.2
1928
Jan
Feb
Mar
100
100
EMPLOYEES WEEK.
PAY
ON PAY ROLL ROLL
TOTAL PAY ROLLS
New
York 3
Rel. to
1914
New Penn- Dela- Wis4 conJer- sylsey ^ vania ^ ware sin 6
Relative to 1923
1915 8
New York
State 3
Number Thousands
478
100.0
107 3
140.8
166.5
210.0
226.7
281.2
201.0
210.8
253.7
235.1
238.3
245.5
237.4
Rel. to
Detroit 7
165,641
494
579
604
•614
573
594
$5,942
6,377
8,366
9,892
12,481
13,468
16,711
191.0
210.2
270.0
261.6
285.3
282.0
97, 784
162,018
217, 790
202,810
230,277
228,677
206, 987
464
500
553
504
501
502
481
11,943
12, 524
15,075
13, 967
14,159
14, 559
14,105
8 112.0
160.0
198.0
258 0
284.0
342.0
100
90
91
101
100
100
81
Thous.of
dollars
103
86
90
94
87
240.6
242.2
235.0
237.3
95
96
96
98
93
93
88
91
85
85
80
81
285.3
280.7
270.6
282.0
243, 577
224,837
233,947
239,099
498
496
485
489
14,299
14,390
13,966
14,103
96.7
97.4
95.3
94.1
246.8
250.0
245.0
245.4
106
110
109
111
93
98
95
96
83
82
83
86
278.0
285.5
262.1
253.7
234,000
217,389
206,123
87,842
500
506
500
495
14,664
14,853
14,558
14,584
95.4
96.3
96.2
100.6
93.6
93.5
94.3
94.0
241.2
243.4
247.7
239.2
107
109
108
106
90
94
94
92
83
85
83
80
251.2
274.1
273.0
268.1
215, 601
223,409
226, 308
226,152
486
491
494
487
14,331
14,465
14, 717
14,214
124.1
114. 3
122.0
124.1
105.9
108.4
109.2
109.7
94.8
96.8
96.7
96.3
235. 8
235.2
229.4
233.9
102
103
98
101
89
87
81
85
78
75
74
75
259.3
266.6
255.7
278.7
205, 560
189, 398
202,156
205, 525
480
479
471
474
14,
13,
13,
13,
118.7
116.2
118.3
123.7
109.0
107.5
96.9
96.1
240. 9
238.9
230.1
232.7
102
102
100
103
83
85
84
83
76
76
77
81
265.1
262.4
196, 580
192, 411
195,893
204,856
484
485
476
467
14,317
14,195
13, 671
13.830
82
85
79
010
977
632
898
!
i
Apr
1
i!
May
June
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.
< 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.
s Data on Illinois represent reports by about 1,400 manufacturing establishments, employing about 400,000 people, to the Illinois Department of Labor. Figures on
employees are based upon the number on the pay roll nearest the 15th of the month.
e 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 first quarter of 1915.
• December only.
10
Average of four quarters, March, June, September, and December.
u January, 1920.
110
Per ct. Dollars
| base scale per mo. Number of applicants
Cents per hour
Southern
States
Western
States
U.S.
average
Central
States
CANADIAN
EMPLOYMENT AGENCIES « EMPLOYMENTS
Eastern
States
FARM WAGES
(without
board) *
U.S.
average
Pacific
YEAR AND
MONTH
New
England
Middle
Atlantic
South
Atlantic
East
South
Central
West
South
Central
East
North
Central
West
North
Central
Mountain
WAGES OF COMMON LABOR IN ROAD BUILDING
by geographic divisions *
U. S. STEEL
CORP. WAGE
RATES 2
YOUNGSTOWN DIST.
(wages of
steel workers)3
Table 87.—WAGES AND EMPLOYMENT AGENCIES
per 100 jobs
Workers
registered
Jobs
registered
Number
I
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
26
28
36
45
52
1920 monthly av.
1921 monthly av.
1922 monthly av.
1923 monthly av.
1924 monthly av.
1925 monthly av.
1926 monthly av.
1927 monthly av.
49
36
32
38
38
38
39
39
49
38
39
51
50
46
50
49
50
35
36
45
45
45
46
47
37
26
21
25
28
27
30
28
32
25
20
22
24
25
25
25
40
28
24
25
27
27
27
30
53
35
31
39
40
37
38
39
62
45
31
34
36
38
36
38
55
46
37
42
41
44
43
45
60
50
48
54
52
52
52
53
44
39
33
42
50
50
50
192.0
151.0
123.3
138.5
145.8
131.8
132.0
127.8
1926
May
June..
July
August
38
38
39
39
50
46
48
48
44
45
47
47
29
28
27
33
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
39
39
39
40
49
49
49
54
47
47
49
50
39
27
31
36
25
25
25
24
26
29
28
27
37
39
40
40
36
36
37
35
44
42
43
40
52
52
52
52
50
50
50
50
133.0
133.0
133.0
133.0
March
April
37
41
39
39
44
50
51
49
46
50
51
47
24
39
32
25
24
24
24
25
27
32
26
34
39
44
39
38
38
37
37
38
43
41
42
43
51
53
52
52
50
50
50
50
133.0
133.0
128.5
128.5
3May
June
July
August
38
39
39
39
49
51
50
49
46
46
47
47
27
29
30
27
24
25
25
26
26
26
30
28
37
38
37
38
38
38
37
37
45
44
45
46
50
54
54
54
50
50
50
50
125.5
125.5
125.5
125.5
September.
40
40
40
39
49
48
48
55
46
46
46
46
26
28
26
24
25
25
25
24
33
32
30
32
40
40
40
42
38
38
37
37
46
48
47
46
54
56
53
54
50
50
50
125.5
125.5
128.5
128.5
September
October
December
1927
January
Febrnarv
October
December
20
20
20
23
30
37
42
160.0
191.8
174.0
$30. 21
29.72
29.97
32. 58
40.19
49.13
56 77
65.05
43.58
42.09
46.74
47.22
47.80
48. 87
49.89
50.10
47.07
48.47
49. 52
49.77
7
41,533
44, 240
45, 690
49,098
43, 281
43, 681
45, 206
40,165
35,002
39,157
45,082
34, 339
38,384
38,081
56
54
78
62
43, 209
42,191
42, 763
78, 519
36,966
36,103
37.851
77, 501
85
72
102
121
58
65
68
78
60,692
50,838
42, 917
36,245
64,106
44,120
29, 551
26,287
203
191
165
140
146
155
125
111
78
72
67
62
35, 675
29,678
35, 993
41,077
22,922
20,188
24,657
33,199
121
149
145
137
137
163
152
156
119
125
118
122
61
65
87
70
44,052
42,462
38, 684
64,282
35, 604
33, 540
31,955
58,858
131
129
146
149
136
145
160
165
114
122
132
155
79
61
71
80
86, 797
56, 600
88,426
48,678
7
235
146
131
180
175
160
159
7
164
125
109
130
122
108
129
173
127
105
143
140
127
135
U31
106
100
127
122
119
141
115
130
120
106
113
123
128
118
138
174
139
128
103
109
107
81
100
104
120
134
105
112
122
135
118
122
139
157
160
158
137
119
156
162
146
122
118
137
134
129
121
120
137
145
7
95
70
60
69
64
66
71
1928
125.5
125.5
IVtarcli
April
1
i
1 Compiled by the U. S. Department of Agriculture, Bureau of Public Roads. The current data beginning January, 1922, are compiled directly from Federal aid project
reports. Earlier data included reports on farm labor or other forms of common labor closely correlated as reported to the Department of Agriculture and the Department
2 Average rates in the Pittsburgh district reported by the United States Steel Corporation; rates apply to 10-hour day except for the period Oct. 1, 1918, to July 16,1921,
during which period the rates applied to a basic 8-hour day with time and a half for overtime, and beginning Aug. 16,1923, when they applied to an 8-hour day, the 10-hour
workers amounting to only 30 per cent of the total.
3 Compiled from data furnished by the Western Sheet and Tin Plate Manufacturers' Association and the Amalgamated Association of Iron, Steel, and Tin Worurs. Th
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. 33.
Average rates paid to farm labor as reported by crop reporters to the U. S. Department of Agriculture, Bureau of Agricultural Economics. Data by sections of the country
are shown in the detailed reports published in Crops and Markets.
« Compiled from weekly reports to the XT. 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,
so small
as not to affect the total.
,
6
Percentage of trade-union membership emploj^ed 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 employmentfiguresfrom 1915 through 1918 are averages of quarterly data.
? Six months' average June to December, inclusive.
Ill
Table 88.—WEEKLY EARNINGS OF FACTORY LABOR
[Base year in boldfaced type]
U. S. TOTALS, 23 INDUSTRIES
YEAR AND MONTH
^
I
Men
Men
1
a
U. S. TOTALS, 33 INDUSTRIES
BY STATES
S3
1
I
a
P
Relative to
1914
Relative to July, 1914
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 m o n t h l y
average.
average.
average.
average.
average.
average.
100.0 7 100.0
1920 monthly
1921 monthly
1922 monthly
1923 m o n t h l y
1924 m o n t h l y
1925 monthly
1926 monthly
1927 m o n t h l y
average.
average.
average.
average.
average.
average.
average.
average.
235. 4
188.0
188.3
1
191. 9 io 193. 2
211.3
212.6
209.5
212.9
214.8
220.0
216.
222.6
100.1
100.
7 100.0
1
235. 2 9 253.1 9 233. 0
187.
191.2 205.0
1
193. 7 w 191. 7 10 204.0
212.7 211.1 222.
212.1 213.4 215.4
218.2 220.5 220.3
220.3 223.5 220.2
227.6
196.8
196.6
229.9
229.4
229.4
230.7
232.9
225.6
206.1
200.6
218.3
221. 8
226.4
232.5
234.8
100
100
101
106
109
229.4
227.8
227.
230.8
229.9
232.3
230.
231.3
105 10
107 102
105 97
106. 99
222.6
223.9
219.
221.0
September..
October
November .
December..
218.3
218.
216.4
215.
224.3 221.7 224.
221.2
224.0 220.7 226.7 225.0
219.0 215.9 222.2 221.8
218.9 216.5 220.4 221.4
231.1 234.9
229.9 235.2
232.0 233.6
231.5 236.1
1927
January
February
March.__
April
217.4
220.7
219.5
218.4
222.3
226.8
225.6
225.8
230.5
232.8
232.7
229.7
220.0
221.7
223.0
221.8
228.3
233.3
234.2
234.9
236.5
235.5
238.6
233.7
May....
June
July....
August.
219.5
218.0
213.9
216.
227.1 223.8 230.4
225.4 222.3 228.7
220.1 217.1 223.6
223.8 221.3 224.8
221A
221.6
217.9
220.2
September..
October
November..
December..
217.9
215.4
213.1
223.3 220.
220.7 217.4
215.7 212.9
220.9
221.3
220.
218.4
223.2
221.
222.5
226.8
226.1
218.7
218.0
217.
220.5
215.
I
o
Rel. to Rel. tc
1922
1915
7 $7.84
8$106.0
125.
146.0
186.0
209.0
H100.0
109.6
111.5
113.1
116.1
103 115.
100
101
100
97
101
101
254.0
202.
196.3
218.0
222.7
233.1
233.1
8
i
Dollars
$13.64 7$13.30 $14.16 $10.7
100.0
103.0
115.6
131.
163.1
216.3
215.8
213.
213.4
223.
225.4
221.0
222.3
Relative to
1923
100.0
103.2
116.6
134.7
167.8
190.8
1926
May
June
July—.
August.
220.4
221.6
217.
218.3
s
$13.48
12.85
14.43
16.37
20.35
23.50
9 29. 51 9 31. 72 9 33. 31 9 27.11
23.57 25.05 26.55 20.48
o 24. 06 w 25. 69 10 27. 4210 20. 5! io
26.50 28.27 30.12 22.61
26.27 28.31 30.04 22.86
26.94 29.26 30.90 23.62
27.17 29.61 31.20 23.94
18.27
16.07
15. 99
17.46
16.89
17.27
17.26
28.15
25.72
25.04
27.24
27.68
28.26
29.02
29.30
$38.58
22.80
21.66
27.07 23.97
27.55 24.40
27.93 25.56
28.67 25.67
io:
103
9
97
117.1 240.9
117.5 236.6
113.2 219.8
115.9 228.8
27.13
27.06
26.78
26.76
29.61
29.78
29.21
29.39
31.2:
31.38
30.76
30.91
23.91
24.14
23.67
23.81
17.09
17.07
17.29
16.91
28.6S
28. &
28. 81
28.86
28.92
29.02
27.96
28.62
26.45
26.13
24.27
25.27
99
103
105
106
113.2 229.3
117.5 241.2
115.7 225.0
116.9 223.0
27.38
27.43
27.14
27.05
29.83
29.79
29.13
29.12
31.39
31.26
30.57
30.66
24.03
24.28
23.80
23.61
17.34
17.64
17.39
17.36
29.3:
29.35
29.15
29.47
27.95
29.03
28.58
28.87
25.32
26.62
24.84
24.61
108
110
110
110
102
103
104
104
114.3 222.8
116.8 236.
116.3 233.8
117.7 233.8
27.26
27.68
27.53
27.39
29.57
30.17
30.00
30.03
30.93
31.61
31.39
31.50
24.69
24.93
24.92
24.60
17.25
17.38
17.48
17.39
29.52
29.39
29.78
29.1
28.23
28.85
28.72
29.07
24.58
26.06
25.80
25.81
234.
231.9
229.1
236.4
233.8 109
233.7 110
232.0 106
234.7 109
104
103
99
102
115.8 230.0
118.5 235.1
114.7 218.6
115.8 234.1
27.52
27.34
26.82
27.16
30.20
29.98
29.27
29.76
31.69
31.48
30.74
31.33
24.68
24.49
23.95
24.08
17.36
17.37
17.08
17.26
29.18
29.1'
28.95
29.29
28.60
29.27
28.32
28.61
25.52
26.05
24.22
25.94
237.1
231.
231.4
232.1
236.9 109
234.6 109
230.4 108
237.1 111
101
102
103
106
111.9
115.7
114.3
114.0
27.3:
27.01
26.72
29.70 31.18
29.35 30.78
28.69 30. h
24.29
24.21
23.42
17.32
17.35
17.32
29.5:
29.28
28.75
29.59
27.65 25.40
28.59 25.40
28.23
229.4
229.4
1928
January
February
March
April
,__.
May_
June..
1 Compiled by the National Industrial Conference Board from reports from 1,678 manufacturing plants employing 506,315 people in January, 1921, and representing 23
industries. The nominal hours per week represent the weighted number of hours the plants are supposed normally to operate, while the actual hours represent the average man-hours worked each week. The grand total weekly earnings are compiled by weighting the average earnings in each industry by the number of wage earners employed as reported by the census of manufacturers of 1919, but as it was impossible to obtain the necessary weighting factors for the classes of labor, the latter averages are
unweighted;
hence the relative number for the grand total sometimes is lower than the relative number of any class, owing to the different methods of computation
2
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, o1926,
figures for New Jersey are from New Jersey State Department of Labor.
±u A S . n £ S e dm by
Illinois Department of Labor from reports of about 1,400 manufacturing establishments, employing about 400,000 people, taken from the pay roll nearest
(N 67? 25 o n t D - T h e m d e x o n earnings is relative to the last six months of 1922. Monthly data on earnings since July, 1922, were given in the March, 1927, issue
« 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. Monthly data on earnings since July, 1920, were given in the March,
7 July, 1914, s Relative to first quarter of 1915.
»Average of last 7 months of the year.
w Average of last 6 months of the year.
» Relative to last 6 months of 1922.
112
Table 89.—PAY ROLL AND HOURS IN FACTORIES
[Index numbers for base year in boldfaced type]
PAY-ROLL INDEXES 1
YEAE AND MONTH
Total,
groups
Food
and
kindred
products
Textiles
and
their
products
Iron
and
steel
and
their
products
Lum- Leather
ber
and
Paper
and
its finand
its
ished printmanu- proding
facucts
ture
HOURS
OF WORK2
Chem- Stone,
Toicals
clay,
Nonbacco
and
and ferrous
other
3
faeprod- prod- metals
ture
ucts
ucts
Vehicles
Miscelfor
laneland
ous
trans- indusportatries
tion
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..
1927 monthly average..
125.9
80.0
79.9
100.0
95.8
92.4
Nominal
Actual
Hours per week
55.0
50.0
49.7
5 50.0
49.9
49.7
49.9
49.8
51.5
M8.7
45.5
4
«107. 9
100.0
95.6
92.7
87.7
85.2
5 78.1
100.0
87.5
93.5
92.8
85.0
6 81.9
100.0
90.6
94.6
101.9
102.8
78.9
92.3
95.6
91.9
96.1
98.1
97.0
49.8
97.9
97.0
94.1
98.3
95.8
89.3
90.4
76.1
92.8
92.3
90.2
91.9
92.6
90.2
89.9
99.1
92.8
91.2
93.1
50.1
49.8
49.8
50.1
48.5
48.6
48.6
48.2
48.1
47.4
47.5
47.5
«84.1
109.0
97.9
93.7
93.8
5 89.3
100.0
86.8
89.5
85.9
88.5
«75.5
100.0
86.6
90.6
97.2
89.3
5 88.5
100.0
97.3
98.1
97.7
91.0
5 95.2
100.0
88.3
89.4
87.8
85.5
6 92.3
100.0
102.2
105.2
111.5
112.8
5 89.6
100.0
92.7
95.9
101.8
100. 9
5 85.8
100.0
101.3
103.5
106.4
100.3
95.0
98.1
99.9
94.9
100.0
91.6
97.9
98.5
90.3
5 49.2
49.2
46.8
48.2
48.2
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
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
84.7
87.0
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
92.0
98.0
101.9
104.9
106.9
106.0
99.1
105.4
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
*
97.9
99.1
97.2
94.1
92.9
91.9
88.6
90.8
93.0
93.0
87.2
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
95.6
95.5
91.2
94.6
91.8
93.9
93.5
93.5
83.1
81.4
76.2
80.6
79.4
82.7
86.8
93.7
111.0
110.8
108.5
109.2
100.0
100.0
96.9
98.9
110.1
112.4
104.0
110.5
99.9
97.5
91.9
94.0
83.3
88.6
85.2
84.4
94.7
49.9
50.0
49.6
49.6
48.5
48.9
49.0
48.5
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
95.2
82.9
88.1
84.8
89.2
98.3
100.0
95.4
99.6
100.2
102.0
100.0
96.4
100.4
102.0
102.9
102.9
100.2
100.3
97.0
99.5
49.9
49.8
50.1
50.4
May
June
July_.l
August
94.8
98.8
100.7
99.8
98.2
98.4
93.0
94.8
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
91.3
94.2
87.9
82.3
99.3
105.3
102.9
109.7
49.6
49.8
49.6
49.4
48.4
48.6
47.9
47.8
1927
January.
_
February
March
April
90.9
96.4
97.7
96.6
87.3
92.3
90.0
84.2
112.7
113.3
114.2
113.0
91.9
95.2
97.9
91.3
92.7
92.7
89.4
92.5
81.8
82.5
86.7
93.3
112.6
111.0
109.0
110.6
107.9
105.6
96.9
100.7
95.1
91.5
86.9
88.3
77.6
80.6
82.1
79.0
84.6
87.8
86.7
80.8
73.6
88.8
91.3
93.1
94.2
85.8
81.4
85.8
107.2
109.2
111.4
113.3
109.3
104.9
99.5
96.6
49.5
49.5
49.6
50.4
49.6
49.6
49.7
49.5
48.2
48.6
48.5
48.1
87.0
86.2
83.5
86.5
101.9
106.0
110.0
109.5
100.2
100.0
95.1
96.4
91.8
98.2
102.8
105.8
95.6
93.3
89.1
91.0
90.9
96.4
97.8
96.4
93.5
91.8
84.6
87.1
87.1
89.3
90.6
89.5
May
June
July.
August
92.7
92.1
91.0
90.0
92.7
96.4
95.5
93.7
48.3
47.9
47.3
47.8
September
October...
November
December
90.1
91.2
87.8
89.3
95.9
96.3
94.8
94.6
88.6
90.2
86.3
87.9
84.7
84.4
81.6
82.8
93.7
94.5
92.1
88.0
91.0
85.4
75.3
76.5
111.7
113.7
114.7
117.0
98.5
98.3
96.9
98.2
99.4
100.6
98.6
94.7
86.0
86.7
85.1
87.1
91.4
92.3
91.3
87.9
81.6
84.2
79.0
80.8
93.2
96.5
92.4
49.5
49.5
49.4
47.8
47.4
47.1
94.0
94.0
88.9
96.0
99.4
96.0
49.9
1928
January..
FebruaryMarch
April
May
June
I
I
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.
The2actual 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.
6
* Average of last 7 months of the year.
Average of last 6 months of the year.
• Data for this group not available in 1922.
1
113
Table 90.—FACTORY OPERATIONS AND LABOR TURNOVER
LABOR TURNOVER
TIME OPERATED
n.
YEAR AND MONTH
s
i5
111
it LSI
I
111
I1
Per
cent
Per cent of full time
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average..
average..
average..
average..
4
87
93
96
95
95
97
Departures»
1*
4 90
97
96
4 91
92
95
97
4 92
94
96
4 72
77
82
I
is
Per cent of number on pay roll
(annual basis)
54.4
40.2
47.1
41.5
32.0
37.0
34.5
27.0
6.1
8.2
6.6
5.7
1935
May
June
July.—.
August..
93
September..
October
November..
December...
91
91
93
92
91
94
95
95
92
94
94
95
95
40.01
41.5
37.8
40.1
95
50.0
42.5
30.5
24.8
1936
January...
February..
March
April
94
95
95
95
May..-.
June
July
August.
94
93
97
97
September..
October
NovemberDecember..
97
97
96
97
97
January. _.
February..
March
April
May
June
July
August.
92
94
94
92
91
97
94
99
99
99
97
100
97
84
99
97
95
96
95
94
101
94
SeptemberOctober
NovemberDecember..
95
96
97
96
95
97
97
99
97
95
96
97
100
97
99
99
97
97
97
95
56.5
56.1
56.5
52.3
38.9
40.4
50.6
60.8
27.1
27.3
35.4
46.4
4.7
6.5
7.1
6.1
7.1
6.5
8.2
8.5
60.0
57.2
54.2
65.9
50.6
46.2
53.0
51.8
37.8
35.4
38.9
40.1
5.9
6.1
7.1
4.7
7.1
4.9
7.1
7.1
69.4
57.7
40.2
27.1
58.4
43.6
40.2
30.6
47.6
31.9
25.6
20.0
4.9
4.7
8.5
7.1
6.1
7.1
6.1
3.5
35.0
37.3
45.2
51.3
41.4
38.8
45.9
45.7
23.4
22.1
33.1
31.1
12.3
10.6
6.2
5.7
6.1
6.6
5.9
35. 3
49.4
37.8
41.7
45.8
54.0
39.1
40.7
31.7
31.2
27.6
27.2
7.8
8.4
5.6
6.3
7.2
5.9
4.9
52.6
38.3
34.1
24.8
51.3
38.0
30.5
26.5
38.0
25.3
18.2
14.9
6.0
7.7
8.2
7.7
7.3
5.0
4.1
1938
January. _.
February..
March
April
MayJune..
1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, from reports of over 9,000 firms, employing almost 3,000,000 people showing the percentage
of full time worked by the force actually employed. Details for individual industries of each group and percentage of firms operated at full time are given in " Employment
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 following table, by the percentage of time operated, as shown in this table,
indicate the approximate actual employment time relative to capacity.
3 Compiled by the Metropolitan Life Insurance Company covering 135 companies employing about 600,000 wage earners for the period 1919-1925. Beginning with 1926,
data are from about 100 companies each month. Rates are based on median reports rather than arithmetic mean, to throw out exceptional cases. The annual turnover
rates were derived from the monthly rates by multiplying each month rate by 365 (366 for leap years) and dividing by the number of calendar days in the month
represented. The total separation rate is the arithmetic sum of the last 3 columns. Monthly data on voluntary quits from 1919 appeared in the March, 1927, issue (No.
67), 4p. 25.
Average of last 10 months of year.
80484°—28
8
114
Table 91.—FACTORY FORCES RELATIVE TO CAPACITY
YEAR AND MONTH
Total,
13
groups 1
Food Textiles Iron
and
and
steel
and
kinand
their
dred
their
prod- prodproducts
ucts
ucts
zi•!
Lum- Leatfc
and i
ber
its
finand its
manu- ished
facture products
z
ar-i
ox tier
products
Stone
Toclay,
Nonbacco
and ferrous
glass metals
* facprodture
ucts
Vehicles
Miscelfor
laneland
ous
trans- indusportatries
tion
Per cent of full capacity
1924 monthly
1925 m o n t h l y
1926 monthly
1927 m o n t h l y
average 3
average.
average.
average.
78
85
87
70
76
82
87
82
82
79
76
85
86
87
87
73
87
76
81
78
84
84
84
79
83
87
78
82
January...
February.
March
April
82
83
83
83
May
June
July .._.
August..
82
82
82
September.
October
November.
December..
84
85
85
85
73
82
89
92
78
80
84
85
82
73
78
84
84
87
77
80
76
78
84
84
85
84
78
77
76
78
79
80
84
83
85
76
1925
84
85
87
87
91
92
91
92
78
83
85
87
76
83
83
87
79
79
80
85
92
91
91
91
73
83
85
85
85
86
85
81
92
94
94
95
74
74
73
89
90
75
74
74
78
76
78
78
79
90
90
90
81
66
72
76
87
73
83
79
74
80
87
88
85
94
94
95
94
83
85
87
94
92
93
93
74
94
95
95
95
85
84
85
85
84
85
85
81
81
81
82
83
87
1936
January...
February.
March
April
85
87
87
87
May
June
July
August-
85
86
87
September.
October
November.
December..
85
87
84
85
90
84
83
85
87
89
89
87
87
87
80
82
82
81
81
81
82
91
90
91
91
90
82
82
86
87
86
85
95
91
91
91
90
84
82
82
82
83
82
78
75
87
86
81
82
82
82
84
95
94
95
94
77
80
90
91
79
83
87
82
84
87
87
84
87
94
93
93
94
75
70
70
68
84
84
83
83
87
90
90
87
85
86
83
84
82
92
95
97
72
72
82
83
83
85
87
85
87
80
85
84
90
86
1937
January. __
February.
March
April
85
87
85
85
May
June
July
August..
87
87
87
87
87
90
September.
October
November.
December. .
89
88
85
92
92
89
90
84
84
78
84
92
92
91
83
83
81
91
84
93
92
84
95
84
90
90
86
90
85
82
81
82
77
83
83
84
1938
January...
February.
March
April
May.
June.
i Compiled by the V. S. Department of Labor, Bureau of Labor Statistics, from reports of over 9,000 firms, employing almost 3,000,000 people, showing the percentage
of their capacity force employed each month. Details for individual industries of each group and percentage of firms operated at full capacity and at full time are given
in "Employment in Selected Industries," issued each month by the Bureau of Labor Statistics.
a Includes enameled ware, bronze, and copper products.
a Average of last 10 months of year.
115
Table 92.—WHOLESALE DISTRIBUTION
UNADJUSTED
YEAR AND
MONTH
Total
sales,
9
lines
Groceries
ADJUSTED FOR SEASONAL VARIATION
FurFur- Total, GroMen's WomMen's Women's Boots
en's Boots
cer- Meats Dry cloth- clothand Hard- Drugs niMeats goods cloth- cloth- and HardDrugs niware
ing
ture
ture
ies
shoes
ing
shoes
lines
goods
ing
ing
Index numbers relative to 1923-1925
1919
1920
1921
1922
1923
1924
1925
1926
1927
mo.
ino.
mo.
mo.
mo.
mo.
mo.
mo.
mo.
av
av
av
av
av
av
av
av
av
1925
May
June
July
August
September
October
November
December
110
114
87
89
101
98
101
98
95
90
91
94
113
117
124
118
126
93
93
100
101
99
98
94
100
145
121
80
83
94
96
110
115
108
100
107
91
89
103
97
100
94
110
116
114
113
84
92
123
110
117
106
99
118
123
106
105
123
126
80
78
106
72
103
95
93
95
84
90
109
97
94
70
67
140
125
97
104
101
104
116
102
97
101
100
95
99
101
60
127
95
92
71
117
155
135
75
56
112
142
55
53
111
125
100
72
107
118
100
100
116
126
74
92
88
108
99
92
92
106
100
57
88
167
1926
January...
February..
March
April
94
97
107
94
91
85
97
94
117
109
109
110
91
99
100
80
79
132
138
May—-.
June
July—..
August-
91
91
91
107
94
102
99
118
120
112
116
85
81
83
117
57
47
75
163
43
34
28
62
100
91
95
119
103
102
98
100
September
October
November
December
117
111
97
84
109
107
102
94
125
123
112
106
122
104
98
71
148
105
61
44
101
111
45
42
126
113
104
76
109
109
100
1927
January.. _
February__
March ___w_
April
87
91
103
90
86
81
94
90
113
107
104
104
78
88
95
76
128
144
71
95
108
64
92
85
111
100
87
111
95
101
92
97
109
106
104
111
76
78
81
124
54
48
82
172
39
28
41
95
111
85
107
122
112
106
| 93
82
102
102
100
91
117
122
101
102
144
105
63
50
95
87
45
39
127
114
110
82
May
June
July—
August .
September
October
November
December
91
95
86
87
97
99
104
107
108
131
82
102
96
90
96
90
88
109
100
102
101
95
95
99
110
113
112
111
100
105
100
103
122
129
109
101
101
103
100
101
110
110
111
112
105
97
121
111
94
100
111
98
102
101
100
97
99
117
115
114
117
100
103
95
87
86
104
116
125
112
100
117
120
111
94
102
94
117
96
100
99
100
111
108
105
76
87
103
93
104
101
97
122
128
112
83
88
85
109
118
114
104
85
99
97
101
115
91
108
99
100
103
104
99
106
78
88
81
85
104
105
102
95
90
94
96
97
101
102
103
104
101
101
102
107
107
91
100
96
99
106
102
107
108
109
107
110
108
109
104
108
81
78
81
70
112
111
94
94
103
105
102
108
105
110
109
107
100
98
97
107
118
117
110
114
97
91
90
91
93
88
101
78
83
54
45
99
96
118
108
100
98
100
99
105
106
105
106
100
99
105
102
117
110
116
113
97
90
99
97
83
82
87
70
66
103
90
99 N
94
101
97
102
100
109
108
111
107
103
101
106
100
113
112
108
111
83
87
90
101
105
90
77
75
67
68
112
108
97
94
92
93
98
94
104
103
106
106
95
87
91
97
109
104
102
109
90
94
94
105
69
62
79
72
110
90
134
111
91
92
92
97
104
106
105
113
93
100
104
106
109
109
105
108
91
90
94
92
94
84
89
97
104
91
105
102
100
94
100
97
115
111
112
106
99
90
97
97
97
97
100
94
100
95
94
95
96
94
93
95
93
95
100
97
93
100
101
104
109
105
105
96
95
89
86
1928
January...
February..
March
April
May.
June..
i Compiled by the Federal Reserve Board, Division of Research and Statistics, from reports of 362 firms on groceries, 61 meat-packing companies on meats, 146 fin
mson
dry goods, 13 firms on men's clothing and 40 firms on women's clothing (both classes for the New York district alone), 89 wholesale dealers and manufacturers, 186 „.„...
firms
on hardware, 92 firms on drugs, and 87 wholesalers and manufacturers on furniture, a total of 1,076 firms. Prior to 1923, fewer firms reported, but these differences are taken
care of in the construction of the index as percentages of the sales of identical firms between the given month and the base period (1923 to 1925). The various lines are
weighted in accordance with the manufactured value of the respective lines according to the censuses of manufactures of 1923 and 1925. A complete description of the construction of this index, including seasonal variations, is presented in the Federal Reserve Bulletin for December, 1927, p. 817. Monthly data from 19i9 appeared in the
January, 1928, issue (No. 77) of the SURVEY, p. 21.
116
Table 93.—NATIONAL ADVERTISING IN NEWSPAPERS
YEAR
AND
MONTH
Total
Automobile
advertising
Food,
Auto- Cigars,
Radio
Men's Musiciga- Finan- grocer- Hotels Household clothmobile rettes,
cal
and
ies,
and furniaccescial
instruelecing ments! trical
bever- resorts ture
and
sories tobacco
ages
Toilet
Bailarticles Womroads
and
and Shoes medical
en's
steamprepa- wear
ships
rations
Miscellaneous
Thousands of lines
1925 m . a.2.
1926 m . a...
1927 m . a . .
22, 703
26, 781
4,281
5,428
1,202
1,454
1,273
2,122
932
3,307
3,440
530
429
565
576
308
300
June
July
Aug
22,401
17, 518
19,041
3,049
3,566
5,843
1,679
1,332
1,209
1,048
1,161
912
1,075
997
653
3,996
3,686
2,407
953
883
464
416
205
405
465
192
73
Sept..
Oct..
Nov..
Dec.
22,982
29,895
28,216
4,878
5,196
4,615
2,823
1,432
1,271
975
514
1,657
1,968
1,365
903
1,023
906
967.
2,739
4, 277
3,881
2,160
221
291
396
499
991
1,094
568
276
1936
Jan
Feb
Mar
Apr
22,271
24,326
30,433
30,234
5,209
5,948
6,272
5,697
505
828
1,247
1,477
1,858
1,760
2,499
1,153
823
1,154
925
2,410
2, 371
4,146
4,597
413
262
279
383
May..
June..
July_.
Aug..
31,725
29,500
24,680
24, 554
6,160
5,019
5,487
7,542
2,347
2,379
1,951
1,761
2,406
2,528
2,241
2,356
708
918
895
505
4,687
4,565
3,533
2,792
Sept_.
Oct...
Nov..
Dec.
26,729
29, 554
27, 613
19,747
5,901
5,598
3,949
2,352
1,821
1,355
1,282
1,351
2,267
1,938
2,601
1,527
741
784
859
927
1937
Jan
Feb
Mar
Apr
22, 953
26,718
29,500
29,785
5,352
5,593
5,267
5,622
1,028
1,107
1,085
1,460
1,257
2,720
3,153
3,057
May_.
JuneJuly..
Aug_.
32,175
29,497
24, 668
22, 704
6,202
5,019
5,487
5,161
2,627
2,379
1,950
1,572
Sept..
Oct..
Nov.
Dec_.
26, 250
30, 257
28,861
5,323
5,144
4,544
1,597
1,103
1,570
140
1,136
1,304
1,596
1,783
192
162
4,057
5,067
143
147
3,041
3, 505
35
45
371
251
269
2,289
1,886
1,468
222
125
36
3,341
3,171
2,829
73
28
28
None.
213
326
200
829
1,835
2,238
2,162
1,358
1,319
1,376
1,475
212
254
222
271
3,646
550
343
161
6,256
3,170
223
383
209
60
4,318
4, 543
3,937
2,766
138
248
677
1,233
29
72
351
475
78
199
226
113
1,149
1,177
1,109
796
1,232
1,035
1,082
1,908
47
44
221
270
5,664
6,743
8,070
5,695
26
62
285
321
2,626
2,979
3,973
4, 075
658
965
724
385
549
278
278
572
538
172
53
119
90
73
67
859
944
634
774
2,909
2,247
1,887
269
149
49
30
4, 798
4,052
3,564
3,195
187
73
30
41
4,276
3,822
2,802
2,888
3,011
3, 680
3,395
2,088
219
278
395
780
1,053
447
243
335
439
332
236
179
300
478
454
1,509
2,156
2,203
2,334
1,413
1,441
1,807
1,751
207
205
202
254
3,967
6,003
3,008
181
305
163
95
4,229
4,078
3,578
2,732
905
922
923
2,239
3,102
3,983
4,336
315
202
537
389
148
274
306
1,412
26
37
294
492
184
161
103
186
1,370
1,439
1,214
1,275
1,300
1,235
1,733
116
65
162
240
5,312
6,688
6,983
4,792
31
104
215
283
3,395
3,004
4,040
3,921
2,610
2,527
2,241
2,776
911
918
895
601
4,752
4,565
3,533
3,325
804
965
724
344
1,101
549
278
262
450
538
172
110
90
73
59
875
944
624
548
2,530
2,909
2,246
1,701
205
148
49
30
4,547
4,052
3,564
3,087
205
72
30
42
4,246
3,822
2,802
2,497
3,198
3,507
3,891
649
917
842
3,203
3,766
3,679
230
246
228
819
840
341
438
439
340
131
178
205
1,840
3,019
2,658
1,293
1,252
1,674
190
174
181
3,895
5,860
5,566
129 ; 3,315
351 ! 3,461
168 I 2,974
1925
3,325
2,400
1928
Jan
Feb
Mar
Apr
May..
June..
1 Compiled by Printers' Ink Monthly, showing the amount of national advertising of various classes appearing in newspapers of 43 identical cities, New York City not
being included. National advertising is believed to represent from 15 to 20 per cent of the total advertising appearing in newspapers. Monthly data from June, 1925,
appeared
in the November, 1927, issue (No. 75), p. 25.
2
7 months' average, June to December, inclusive.
117
Table 94.—DISTRIBUTION MOVEMENT
MAIL-ORDER HOUSE SALES i
Sears,
Roebuck
&Co.
4 houses 2 houses
Montgomery
Ward
&Co.
50 selected
cities
50 industrial
cities
Second
class 3
(quarterly)
Thousands of dollars
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly
average.
average.
average
average.
average.
average.
average
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average.
average.
average.
average.
average.
average.
average.
average-
$2,525
2,598
2,684
2,898
2,860
3,367
5,051
$36,569
$11,275
11,847
13,498
17,407
20,982
22,891
29, 772
$7,965
8,427
9,389
12,237
14,856
16, 544
21,494
$3,310
3,420
4,113
5,178
6,592
6,664
8,838
$13,543
14,611
17,066
18,380
37,693
26,190
28,695
36,098
38,421
43,173
45,044
46, 678
30,233
21,970
22,969
29,182
32,074
36,870
39,330
41, 275
21,217
14,834
15,180
17,962
18, 515
21, 529
22,642
24,408
9,192
6,330
7,706
11,220
13, 560
15,341
16,605
16,867
20,688
20, 759
22,901
25,085
26,335
28,831
30,605
31,337
s $2,157
2,333
2,593
2,809
3,068
3,274
3,359
43, 742
54,743
55,802
60,863
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
January
February
March
April
39,404
38,957
48,098
46,895
35, 237
35,150
41,147
40,648
22,080
20,966
23, 254
24,091
13,157
14,184
17,893
16,557
30,394
29, 299
34, 590
31,750
3,317
3,284
3,572
3,338
May
June
July
August
38, 789
41, 849
36,639
41,406
33,742
36,039
32, 967
37,795
19,994
19, 341
20, 961
23,970
13, 748
16, 698
12,006
13,825
29, 323
29, 681
26, 300
28,478
3,082
3,069
2,988
3,197
September
October
November
December
46, 218
57, 776
58, 368
65,733
40,987
50,869
51, 229
59,494
24, 609
29,302
29,847
34,486
16, 378
21, 567
21, 382
25,008
30,152
32, 450
32, 799
40,823
3,291
3,395
3,331
4,448
POSTAL MONEY ORDERS
Domestic 4 (50 principal cities)
Total 2
Total
YEAR AND MONTH
POSTAL RECEIPTS
5,914
4,898
6,851
7,233
7,386
7,664
8,202
Paid
ADVERTISING
Foreign «
Magazine6
Issued
Number
Value
Number
Value
Thousands
Thous.
of dolls.
Thousands
Thousands of
dollars
Newspaper 7
Thousands of
agate lines
$8,526
6,781
4,464
3,667
3,230
3,151
3,030
1,224
1,161
1,147
1,415
1,490
1,344
1,890
61,440
62,671
61,067
83,859
6,313
7,248
7,149
6,784
7,773
$34,812
40,592
44,863
50, 587
65, 356
1,315
1,470
1,610
1,711
1,895
$11,467
12, 702
14, 657
17,837
21,713
8,098
8,211
9,409
10,391
10, 797
11,161
11,008
11,120
72,432
64,827
68,462
78,913
84, 515
81, 288
87, 304
86,490
2,059
2,107
2,340
2,684
2,981
3,105
3,175
3,292
25,017
23, 351
24,544
28,005
29,831
31,094
33,176
34,060
2,390
1,877
2,282
3,531
4,306
4,669
5,579
2,305
1,480
1,573
1,953
2,034
2,094
2,272
2,289
95,832
86,661
91,131
97,402
96,469
101,916
105,989
101,475
9,972
11,447
11,681
13,338
83,963
97,263
97,465
104,807
2,895
3,208
3,320
3,658
31, 712
34, 551
35,336
37,139
5,297
5,462
5,847
10,840
2,138
2,626
2,703
2,373
103,999
122, 358
113,665
107,963
10, 576
10, 276
12, 715
11, 623
80,473
77, 680
98, 572
92, 019
3,303
3,158
3,650
3,378
34,001
32, 240
36, 394
34,857
4,797
4,541
6,082
5,385
1,821
2,210
2,441
2,720
97,140
90,447
106, 700
112,123
10,348
10,951
9,529
10,120
83,189
85, 373
76, 970
82, 538
3, 240
3,126
2,994
3,162
33,931
32,177
32,759
33, 234
4,966
5,599
5,446
5,346
2,770
2,350
1,864
1,734
112,108
100, 873
84,138
82,865
10,167
11,659
11, 954
13, 516
84, 383
76, 574
97, 863
102, 259
2,994
3,363
3,381
3,759
31,667
35,147
34,860
37, 452
5,925
5,515
5,745
2,128
2,542
2,599
2,289
100,737
115, 472
108, 671
106,430
1926
September
October
November
December
7,634
8,469
1927
8,584
8,197
7,585
1928
Januarv.
February
March
April
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 Apr. 15, 1925, the new postal rates applicable almost entirely to matter other than first class have
operated
to increase the magnitude of these data, thereby affecting their comparability from this point forward.
3
Note that these data from U. S. Post Office Department represent quarters ending in the months specified and the annual figures represent quarterly averages for each
year, not monthly averages. Second-class mail comprises regular mailings of periodicals. The war revenue act of Oct. 3,1917, provided for a series of graduated annual rate
increases on second-class mail as follows, compared with a flat rate of 1 cent per pound previous to July 1, 1918. From July 1, 1918, to June 30, 1919, \% cents, and since July
1, 1919, V/i cents per pound, these changes applying regardless of zone or distance, to portions of publications devoted to reading matter. For the advertised portions the
country was divided into eight zones, each with a graduated rate and its corresponding annual increase, beginning with July 1, 1918, and reaching the maximum on July
1,1921,
making, for the first time, a differentiation between the rates on reading and advertising matter.
4
Total of 50 cities transacting two-thirds of the total money-order business of the country from the U. S. Post Office Department. Money orders paid include, in addition to those both issued and payable in the 50 cities, those presented for payment but issued at any of the other offices in the United States and the 22 foreign countries,
mostly in North America and West Indies, to which domestic postage rates apply.
6 Money orders issued to 67 principal foreign countries, representing practically the total international money orders issued by U. S. Post Office Department.
e These figures represent the number of lines of advertising carried by the 60 leading magazines dated for the month noted, as compiled by Printer's Ink, classified,
as follows: 20 general, 15 women's, 16 class, and 9 weeklies.
? Compiled by the New York Evening Post from 22 identical cities: New York, Chicago, Philadelphia, Detroit, Cleveland, St. Louis, Boston, Baltimore, Los Angeles,
Buffalo, San Francisco, Milwaukee, Washington, Cincinnati, New Orleans, Minneapolis, Indianapolis, Columbus, Louisville, St. Paul, Birmingham, and Houston. For
the years 1916 to 1918 no reports were available for Boston, Louisville, Houston, and Columbus. The totals for those years were computed from the actual reports of 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.
118
Table 95.—CHAIN-STORE SALES1
[Relative numbers for base year in bold-faced type; numerical data on opposite page]
GROCERIES
(27 chains)
FIVE AND
TEN
(5 chains)
CIGAR
(3 chains)
seasonal Actual seasonal Actual seasonal
Actual seasonal
correccorreccorrec- Actual correction 3
tion 2
SHOE
(6 chains)
With
With
With
With
YEAR AND MONTH
DRUG
(9 chains)
tion 2
tion 2
MUSIC
(4 chains)
With
Actual seasonal
correction
2
CANDY
(5 chains) 3
With
Actual seasonal
correction 2
With
Actual seasonal
correction 2
Relative to 1919
100
1OO
1OO
100
100
100
100
146
130
151
188
120
124
140
165
185
209
229
251
121
123
127
144
150
169
196
221
133
132
128
135
138
142
154
154
120
113
114
123
133
139
148
150
109
86
101
113
101
122
128
110
138
142
147
176
190
199
215
225
M tO tO
1919 monthly average
1920 monthlv averase
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
390
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
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
143
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
311
214
204
206
204
225
222
227
215
188
185
196
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
373
323
325
344
357
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
138
151
146
223
137
125
117
118
218
227
232
303
221
221
244
208
347
332
392
385
345
346
361
380
177
191
213
244
243
256
222
261
209
201
224
223
217
222
222
230
134
137
153
157
154
162
158
163
106
110
125
198
140
110
.126
170
94
98
108
104
114
119
120
122
178
194
216
257
212
230
213
257
383
399
373
382
382
405
388
401
224
224
221
237
236
244
243
249
217
215
209
213
214
215
157
151
153
147
154
155
154
150
143
155
145
132
124
145
159
168
88
87
80
98
106
109
107
110
216
215
211
208
224
229
215
207
384
426
422
450
404
414
419
431
232
278
265
511
250
257
254
276
to to
September
October
November
December
151
156
177
195
o to
_
249
243
233
255
«O ©
May
June
July
A ugust
250
233
252
258
S3 tO
1925
January
February
March
April
223
279
237
229
146
154
146
215
146
147
148
160
140
157
155
234
146
139
142
126
128
128
176
125
106
103
94
223
233
235
309
226
227
247
211
1936
.._
May
June
July
August
_
September
October
November
December
_
C5
January
February
March
April
•
1927
January
February
March
A.pril
___
May
June
July
August
*
September
October
November
December
1928
January
February
April
May
June
__
-- -
See footnotes on opposite page.
178
119
Table 96.—CHAIN-STORE SALES1
[Base year in bold-faced type; relative numbers on opposite page]
GROCERIES
(27 chains)
YEAR AND MONTH
Thousands of
dollars
1919
1920
1921
1922
monthly
monthly
monthly
monthly
av_— $28,046
av___.
40,794
36,351
av.
42,404
av_._.
1923
1924
1925
1926
1927
monthly
monthly
monthly
monthly
monthly
av___.
av
av—.
av.._.
av___.
Number of
stores
FIVE AND TEN
(5 chains)
Thousands of
dollars
Number of
stores
DRUG
(9 chains)
Thousands of
dollars
$17,100
$3,917
20,491
21,160
23,875
4,737
4,826
4,985
Number of
stores
CIGAR
(3 chains)
Thousands of
dollars
Number of
stores
MUSIC
(4 chains)
Thousands of
dollars
CANDY
(5 chains) s
Number of
stores
Thousands of
dollars
Number of
stores
$949
1,308
1,348
1,391
$905
989
775
914
551
597
1,026
917
1,101
1,161
991
59
55
56
60
62
2,133
2,307
2,333
2,611
2,726
3 120
3 134
219
256
264
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
2,930
2,966
3,008
3,480
3,546
2,855
2,810
480
491
492
870
896
944
1,156
54
58
55
57
2,367
2,234
2,196
2,455
220
225
232
239
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
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
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
563
1,071
976
1,095
59
59
60
2,670
2,476
2,550
2,353
251
269
276
275
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
8,195
7,888
8,768
8,739
741
742
742
746
7,963
8,110
9,077
9,274
3,411
3,398
3,404
3,414
2,486
2,572
2,929
4,628
576
578
575
587
852
888
976
61
63
63
62
2,163
2,361
2,618
3,117
243
245
253
258
9,309
8,943
9,080
8,707
3,406
3,413
3,422
3,451
3,350
3,621
3,386
3,076
589
595
600
794
784
720
890
62
62
62
62
2,621
2,606
2, 558
2,523
271
275
277
277
8,653
12,766
3,449
3,453
3,459
3,463
3,278
3,673
3,615
3,467
606
614
618
621
1,136
1,159
1,161
1,595
62
61
61
61
2,713
2,830
2,857
3,749
280
267
257
28,172
31, 574
35, 761
39,112
43,008
1,819
1,958
2,084
2,268
2,412
5,655
5,899
6,620
7,679
8,655
492
525
553
644
759
8,025
8,197
8,404.
9,126
9,138
2,737
2,776
3,015
3,328
3,437
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
528
528
531
532
7,255
7,026
7,786
7,919
2,817
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
2,078
2,081
2,101
6,390
6,546
6,490
6,711
541
548
550
551
7,928
8,040
8,417
SeptemberOctober
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
560
568
589
615
1926
January—..
February
March
„,
April.
,
80,137
80,460
84,676
92, 205
24,327
24,540
24, 743
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
90, 215
86,769
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
613
631
645
85,082
93,639
97,274
104,518
25, 923
26,114
26,315
26, 417
36,073
43,960
42,233
79, 646
2,252
2,272
2,885
2,301
7,531
8,078
7,739
10,223
2,304
2,326
2,343
2,357
1937
January
February. _.
March
April
109,870
108,071
26,839
27,057
30,312
32,655
36,379
41, 782
May
June
July
August-
107, 517
111, 900
104,674
107,234
27,344
27, 666
27,869
27,985
38,387
38,347
37, 766
40,479
2,383
2,397
2,420
2,439
8,075
8,236
8,484
8,439
728
731
747
747
September .
October
November.
December..
107, 714
119,443
118,335
126,282
28,051
28,191
28,323
28,494
39, 711
47, 619
45,335
87,326
2,461
2,486
2,506
2,519
8,243
9,149
8,725
10, 922
762
792
797
97,405
Number of
stores
2,804
2,651
2,663
7,800
7,538
15,362
18,351
22, 244
25, 428
27,594
September .
October
November.
December..
Thousands of
dollars
$3,337
$5,535
7,852
52,732
60,119
74,094
88,901
116,786
May
June—
July.....
August-
SHOE
(6 chains)
8,429
8,072
12,536
2,884
2,908
3,103
3,254
3,452
3,340
343
407
1928
January
February
March
AprilMay.
June.
1 Compiled by the Federal Reserve Board, Division of Research and Statistics. Monthly data from 1919 on grocery and candy chains (but not comparable with present
data) appeared in January* 1924, issue (No. 29), p. 49. The music chains operate locally in the West, but otherwise the data cover the larger chain-store organizations
operating
nationally.
2
Based on variations 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
Digitized for the
FRASER
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
http://fraser.stlouisfed.org/
the entire period, as allowance has been made for the extra chain in the base beginning with 1923.
Federal Reserve Bank of St. Louis
120
Table 97.—TEN-CENT CHAIN STORES
TOTAL 3
(4 chains)
F. W. WOOLWORTH CO.
Y E A E AND
MONTH
Sales
Thous.
of dolls.
Stores
S.S.KRESGE
CO.
Sales
Stores
McCRORY
STORES
CORP.
Sales
Stores
S. H. KRESS
CO.
Sales
Stores
METROPOLITAN
Sales Stores Sales Stores
Number
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
737
805
920
1,000
1,039
1,081
$1,105
1,341
1,745
2,200
2,508
3,026
3,556
100
118
140
161
165
169
171
$450
411
468
566
655
800
957
110
116
117
132
143
147
148
$898
991
1,036
1,255
1,469
1,763
2,104
114
119
123
130
144
145
145
$478
119
$661
11, 741
12, 302
13, 934
16,120
17,956
19, 912
21,137
22, 729
1,111
1,137
1,176
1,261
1,364
1,420
1,484
1,588
4,270
4,655
5,433
6,820
7,508
8,831
9, 935
11,148
188
199
212
233
256
298
368
435
1,198
1,195
1,423
1,781
2,103
2,465
2,801
3,270
156
159
161
167
176
181
199
221
2,415
2,409
2,554
2,834
3,355
3,830
4,323
4,838
145
142
145
152
160
166
169
183
868
538
520
615
652
732
917
1,023
145
84
735
305
360
452
548
711
875
1,074
$7, 972
8,544
9,582
11, 278
12,806
14, 520
16, 575
$7,909
7,839
1920 m o . av_.
1921 m o . av-.
1922 m o . av_.
1923 m o . av_.
1924 m o . av-.
1925 m o . av_.
1926 m o . av_.
1927 m o . av..
19, 575
20, 561
23, 344
27, 555
30,922
35, 038
38, 111
41,986
12,234.
12, 560
13, 780
15,199
15,809
17,167
17, 300
1,600
1,637
1,694
1,813
1, 956
2,065
2,220
2,427
32,008
I 31,258
I 30,621
\ 32,669
15,980
15,536
15,197
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
627
623
592
664
32,079
39,739
! 36,886
! 71,285
i
I
! 27,816
I 28,437
33,162
33,780
15,717
19,319
17,854
34, 521
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
164
165
166
166
636
829
794
1,840
13,386
13,645
15, 836
16,055
2,078
2,084
2,094
2,104
15,162
15,478
18,967
1,423
1,423
1,431
1,435
7,451
7,496
8,472
8,591
305
312
316
322
2,157
2,183
2,538
2,458
183
182
180
180
3,046
3,280
3,844
3,764
167
167
167
167
15,520
16,086
15,825
2,114
2,128
2,142
2,154
20,264
19,022
19,401
19,015
1,442
1,451
1,460
1,465
325
329
332
2,492
2,363
2,474
2,506
180
181
183
184
3,947
3,807
3,696
3,854
345
354
2,543
2,916
2,937
6,039
189
187
189
199
mo.
mo.
mo.
mo.
mo.
mo.
mo.
1925
May.
June
July_
August
September
October
November
December.
1926
January.
February
March..
April...
:
8,820
9,680
10, 728
W. T. GRANT
CO.
Sales
Stores
Thous.
Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. Numof dolls. Number of dolls.
of dolls.
ber
of dolls.
ber
of dolls. ber of dolls.
ber
ber of dolls.
ber
Dollars
av..
av_.
av_.
av-.
av_.
av_.
av_.
1913
1914
1915
1916
1917
1918
1919
F.&W.
GRAND
19
$253
301
370
495
644
22
25
30
32
33
19
19
22
23
28
37
41
55
845
1,051
1,257
1,695
2,070
2,514
2,995
3,610
38
45
50
58
70
77
106
151
556
636
572
622
32
33
33
34
2,293
2,357
1,806
2,006
73
73
73
74
70
72
646
849
838
1,757
33
34
36
37
2,176
3,317
2,922
5,334
74
77
77
77
567
583
684
748
72
72
72
74
641
632
764
787
37
37
38
38
2,065
1,951
2,310
2,562
77
78
80
81
167
167
167
167
867
856
831
801
80
80
80
803
779
790
703
38
40
40
40
2,867
2,640
2,417
2,371
92
3,881
4,260
4,822
9,669
167
168
169
169
872
1,048
1,010
2,139
799
1,025
954
1,819
40
41
41
41
2,772
3,799
3,726
6,455
101
104
106
72
81
91
67
67
May
June.
July
August
| 35,696
! 33,026
j 34,457
34,088
September
October
November
December
35,202
| 42,913
i 41,251
| 77,508
I
j
29,647
31,963
35,575
40,775
16,207
19,586
18,716
34,910
2,172
2,191
2,204
2,220
19,339
24,802
22,535
41,349
1,471
1,482
1,484
1,484
10,935
10,957
20,451
13,336
14,244
15,734
17,876
2,223
2,244
2,261
2,281
16,124
17,379
19,602
22,350
1,484
1,494
1,505
1,515
7,956
8,309
9,183
10,788
370
376
382
2,275
2,740
2,860
3,308
199
202
202
207
3,292
3,535
3,930
4,329
170
172
172
171
655
693
801
1,000
658
712
879
1,189
44
48
50
52
2,205
2,249
2,789
3,364
106
109
111
115
May
June
July
August
37,533
37,444
______
39,539
16,319
16,203
15,803
16,832
2,300
2,311
2,334
2,349
20,916
20,406
20,176
21,400
1,528
1,533
1,546
1,552
9,602
10,064
9,791
10,522
392
398
404
409
2,852
2,863
2,859
3,053
208
212
214
4,163
4,111
4,058
4,564
172
172
172
174
855
903
864
965
936
1,019
912
944
53
53
53
54
3,160
3,299
3,018
3,114
117
119
126
130
September
October
November.
December. __
38,738
46,498
44,254
84,977
16,338
19,407
18,325
35,013
2,371
2,396
2,415
2,427
20, 740
26,032
23, 731
43,897
1,568
1,584
1,588
1,588
10,422
12,084
12,011
23,044
413
419
427
435
3,020
3,313
3,240
6,854
215
217
219
221
4,556
5,069
5,272
11,182
175
176
181
183
978
1,120
1,090
2,349
1,002
1,223
1,139
2,273
55
55
55
55
3,278
4,275
4,366
8,205
135
146
152
151
1927
January. _
FebruaryMarchApril.-.
8,713
1928
January
February. _
March
April.
MayJune..
1
This table is submitted in response to a demand for publication of the figures of sales of the large individual ten-cent chains, as compiled from published reports in
financial papers or as reported directly by the companies. Sales data represent the retail sales in dollar values of the ten-cent chains shown, while the annualfiguresof stores
operated represent not an average of stores in operation for the year, but the stores operated at the end of each year. Monthly data on sales from 1920 appeared in May,
1922, issue (No. 9), p. 111. Many of the companies listed above do not limit the sales prices of their individual articles to 10 cents, some selling articles valued as high as
$1, but they all come within the broad classification popularly known as "ten-cent stores."
FRASER 2 Includes F. W. Woolworth, S. S. Kresge Co., McCrory Stores Corp., and S. H. Kress Co.
Digitized for
121
Table 98.—RESTAURANT AND OTHER CHAIN STORES
RESTAURANT CHAINS
Total, 3 chains
YEAR AND
MONTH
Sales
Thous.
of dolls.
1913 mo.
1914 mo.
1915 mo.
1916 mo.
1917 mo.
S3
Average
per store Stores
Dollars
Number
OTHER CHAIN STORES
s
II Hi
Thous.
of dolls.
Thous. of dollars
$710
718
756
898
1,141
$375
448
571
696
1918 mo. av.
1919 mo. av.
1920 mo. av. $3,681
1921 mo. av
3,954
1922 mo. av. 4,224
1,228
1,384
1,828
2,110
2,127
$790
820
1,127
746
937
1,063
1,023
970
A. Schulte, G.C.M urphy
Inc.
Cc
(cigars)
Num- Thous. N u m - Thous. N u m - Thous. N u m - Thous. N u m - Thous. N u m of dolls. ber
of dolls. ber
ber of dolls. ber of dolls. ber of dolls. ber
$220
297
402
701
1,240
45
67
80
U7
165
2,465
2,492
2,587
2, 985
3,576
8
8
9
10
1,778
2,398
3,569
3,887
4,086
192
197
312
313
371
4,336
5,172
6,637
6,339
6,079
$672
1,084
1,230
1,370
224
224
224
224
$120
171
186
225
45
53
63
62
2 $170
202
26
8
984
1,041
1,083
1,199
233
266
329
397
468
10
12
14
19
19
1,503
1,638
1,468
1, 565
1,472
16
16
17
15
19
5,183
6,188
7,539
9,640
12, 497
475
569
671
747
891
6,272
6,232
6,266
6, 687
6,682
2,439
2,572
2,980
3,134
3,151
1,666
1,892
2,079
2,396
2,420
250
255
268
292
299
329
419
540
713
853
75
85
88
92
113
1,282
1,186
1,337
1,266
1,194
1,117
1,229
1,202
217
238
298
342
14
14
14
15
925
1,187
1,338
2,238
16
16
16
16
4, 967
5,476
7,978
8,763
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
443
468
543
582
88
88
88
88
2,450
2,495
2,376
2,549
1,275
1,249
1,178
1,197
1,237
1,210
1,171
1,153
346
329
367
336
15
15
16
16
2,112
1,630
1,222
1,643
16
16
15
15
9,798
9,092
8, 325
8,085
694
697
697
723
6,945
6, 623
6,783
6,472
2,993
3,017
3,027
3,039
2,502
2,314
2,388
2,260
278
282
285
287
622
603
612
606
88
88
88
88
356
356
356
358
2,682
2,593
2,466
2,699
1,326
1,335
1,259
1,373
1,171
1,244
1,193
1,262
397
464
477
951
17
18
18
19
2,046
1,605
1,391
1,440
15
15
15
15
10,622
13, 256
13, 333
15, 986
735
743
746
747
6,560
6,878
6,517
9,478
3,059
3,091
3,125
3,134
2,442
2,693
2,312
3,574
286
289
291
292
686
767
799
1,822
90
92
92
13,931
12, 717
13,948
13,914
361
361
362
361
2,537
2,319
2,522
2,443
1,267
1,154
1,284
1,382
1,225
1,118
1,243
1,198
281
311
388
465
22
22
22
22
842
1,152
1,168
2,427
16
17
17
17
6,236
7,425
9,796
13, 508
671
758
780
781
5,723
5, 715
6,500
6,652
3,109
3,096
3,102
3,112
2,204
2,362
2,542
2,592
294
294
294
294
551
608
693
871
92
92
92
98
4.849
4,625
4,565
4,863
13,395
12,776
12, 610
13, 360
362
362
362
364
2,402
2,281
2,256
2,463
1,225
1,171
1,154
1,217
1,222
1.173
1,155
1,183
409
430
415
394
21
21
21
21
1,841
1,245
1,066
1,706
17
17
17
17
11,425
11, 377
10, 441
11,007
885
787
842
854
6,774
6,471
6,593
6,447
3,105
3,106
3,115
3,143
2,493
2.471
2,447
2,225
290
296
296
297
733
732
735
736
4,844
4,893
4,699
13, 235
13,369
12,804
366
366
367
2,437
2,378
2,275
2,490
1,246
1,291
1,239
1,330
1,161
1,224
1,185
430
509
513
1,065
20
20
19
19
1,919
1,478
1,312
1,505
18
18
19
19
13, 735
17,165
17,054
21, 796
883
889
890
891
6,473
6,822
6,534
9,475
3,139
3,143
3,148
3,151
2,164
2,231
2,076
3,233
297
297
298
299
771
875
865
2,064
262
283
311
4,555
4,576
4,679
4,964
13,972
13,341
13, 681
14, 062
326
343
342
353
2,308
2,298
2,367
2,493
2,400
1,263
1,237
1,229
1,272
1,247
1926
January
February-..
March
April
4,899
4,523
5,078
4,923
13, 997
12,923
14,467
13,986
350
350
351
352
2, 423
2,220
2,512
2,455
May
June. .
July
August
4,962
4,954
4,725
4,899
14,137
14,114
13, 423
13, 839
351
351
352
354
SeptemberOctober
November..
December. _
5,179
5,172
4,918
5,334
14, 548
14, 528
13, 815
14, 899
1927
January
February. _ _
March
April
5,029
4,591
5,049
5,023
May
June
July
August
SeptemberOctober
November—
December
.
J. C. Penney United Cigar
Co.
Stores Co.
(clothing)
$1,091
1,294
965
1,173
$14,050
13,972
13,582
av.
av.
av_
av.
av
Hart m an n
Corp.
(furnishings)
Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores
Sales
av_
av.
av.
av.
av.
1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 mo.
Isaac Silver
& Bros.
98 !
100
103
107
108
111
115
113
1928
January
February. _ _
March
April
May
June
1
1
Data compiled from published reports in financial papers or reported directly by the company to the U. S. Department of Commerce, Bureau of the Census. These
sales data represent money values. Data for Jones Brothers Tea Co, from 1920 appeared in December, 1923, issue (No. 28), p . 56. Monthly data for Childs Co., including
the operations of Boos Bros., since January, 1920 (comparable to present series), were given in the July, 1927, issue (No. 71), p . 21. Data for the Waldorf System include
sales of the Ginter Company and its predecessors from the middle of 1922 until its absorption into the Waldorf System in 1927, the 1922 average including undistributed
estimate for the Ginter Company for the first five months of that year. Monthly data on this basis appeared in the September, 1927, issue (No. 73), p . 21, while data for
1920 through 1922 for Waldorf System alone appeared in the October, 1923, issue (No. 26), pp. 58 and 59. Waldorf data are now reported only every three months. 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 . I l l , and later data for Owl Drug in the August, 1927, issue (No. 72), p . 114. Monthly data for G. C. Murphy Co. appear on p. 23 of the
present
issue. Yearly data represent number of stores in operation at end of the year indicated.
2
Seven months' average, June to December, inclusive.
122
Table 99.—DEPARTMENT-STORE SALES
[Index numbers for base year in bold-faced type]
INSTALLMENT
SALES
VALUE OF SALES, BY FEDERAL RESERVE DISTRICTS 1
YEAR AND MONTH
San
New
Dallas FranPhila- Cleve- Rich- Atlanta Chicago Minneapolis (21
York
delphia land
mond
stores)
cisco
2
(23
stores)
Unad- (24 stores) (63 stores) (22 stores) (54 stores) (23 stores) (35 stores) (63 stores)
()
2
(31 stores)
Total (359 stores)
Adjusted
Boston
justed
Per cent
to total
Relative to 1919
1OO
106
101
111
100
119
101
94
104
117
124
129
101
106
110
133
142
152
104
107
102
109
113
143
149
158
5.2
6.2
107
106
125
142
119
132
83
84
99
109
112
107
127
149
92
81
97
116
92
90
107
110
128
113
142
146
5.2
6.1
4.1
3.5
121
127
132
128
98
103
117
123
91
87
104
98
78
78
139
139
105
113
107
103
81
92
108
98
72
148
134
123
140
5.0
3.2
4.4
128
186
158
243
111
167
167
222
115
160
134
218
105
160
146
230
139
122
190
145
173
154
244
104
135
105
167
112
141
115
183
139
168
158
253
6.1
5,6
6.0
4.6
131
93
119
133
124
108
131
138
112
103
138
128
108
106
127
133
103
91
130
126
85
76
94
107
93
111
108
129
117
158
150
9.4
108
114
119
119
145
147
137
130
99
105
134
134
94
97
139
137
137
129
87
89
137
126
100
108
129
123
96
93
114
104
80
82
159
146
115
121
102
93
81
84
115
107
79
91
152
142
124
151
5.1
3.6
5.2
8.6
144
139
138
146
131
158
156
234
122
154
157
235
136
177
170
254
116
160
166
228
123
152
147
223
110
154
155
235
92
125
129
164
171
169
253
103
109
102
153
114
134
126
186
158
169
168
278
5.8
5.5
7.8
3.7
130
139
129
140
114
107
129
143
140
98
121
144
128
111
132
148
105
100
123
133
106
105
124
147
101
90
119
134
91
100
114
115
127
150
162
82
76
93
103
91
90
110
114
138
123
158
166
10.5
8.0
5.4
5.1
127
130
130
144
132
130
97
113
130
139
90
106
134
143
96
106
124
126
84
92
132
124
98
116
123
120
89
97
108
102
79
87
151
147
114
138
92
92
76
116
100
72
83
152
137
127
160
5.2
4.3
6.0
11.2
143
133
139
130
151
156
124
145
156
138
168
176
110
146
160
118
142
139
109
141
149
101
129
124
160
165
176
97
109
101
109
131
124
161
171
176
7.0
100
100
120
111
111
124
120
110
111
124
125
130
135
1925
January...
February..
March
April
100
116
114
119
100
119
114
116
100
118
112
114
127
127
127
128
114
114
130
125
131
136
126
128
134
132
138
143
126
129
133
128
131
133
124
131
121
133
108
101
121
136
110
94
110
136
120
107
124
140
105
101
125
134
May.—
June
July..:.
August.
124
126
128
125
128
126
95
128
134
92
132
132
94
90
September..
October
November..
December..
134
145
129
141
121
165
145
118
156
143
225
1926
January...
February..
March
April
130
135
130
130
114
104
130
133
May....
June
July—.
August.
132
130
133
134
September..
October
November..
December..
1927
January...
February.
March
April
1919 monthly average..
1920 monthly average..
1921 monthly average..
1922 monthly average..
1923 monthly average..
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average..
average..
average..
average..
May.—
June
July....
August.
September..
October
November..
December..
New
England
()
100
100
113
123
110
114
132
100
100
112
120
102
99
105
92
1OO
121
116
121
139
8.8
5.7
5.0
1928
January..
February.
March
April
May..
June..
1
T
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,
the data by districts being weighed according to the number of employees in retail s tores as shown by latest available census data. The total index is also shown adjusted
for seasonal
fluctuations.
2
In calculating bases, estimates are made for sales of stores in the Minneapolis and Dallas districts for the months of 1919 for which there are no reports.
3 Compiled by the Federal Reserve Bank of Boston from reports of selected department s tores in New England.
123
Table 100.—DEPARTMENT-STORE STOCKS 1
[Index numbers for base year in bold-faced type]
VALUE OF STOCKS AT END OF MONTH, BY FEDERAL RESERVE DISTRICTS
Total (314 stores)
YEAR AND MONTH
UnAdjusted adjusted
New
York
Boston
Philadelphia
Cleveland
Richmond
MinneAtlanta Chicago apolis
(24 stores) (63 stores) (13 stores) (52 stores) (19 stores) (22 stores)
(51 stores)
(22 stores)
100
119
San
Dallas Francisco
(14 stores) (29 stores)
Relative to 1919
100
100
96
97
110
143
116
109
116
132
116
118
130
152
152
155
109
112
101
107
121
119
137
134
138
107
113
114
137
145
156
157
106
117
116
103
113
125
126
123
126
136
140
124
123
119
118
114
108
103
113
153
143
140
149
115
109
107
111
123
114
111
123
134
128
129
133
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
167
183
201
201
111
125
137
134
113
120
128
131
111
112
122
125
143
151
160
159
101
110
110
109
118
128
130
127
132
141
145
138
131
124
128
184
177
171
175
133
126
118
122
132
126
119
118
116
110
108
109
153
147
137
152
106
101
94
97
125
114
110
117
140
132
129
134
125
136
141
121
142
152
157
131
180
222
216
187
137
146
151
121
135
146
149
119
122
128
127
102
163
174
177
144
103
105
105
85
126
129
126
143
152
156
128
124
131
142
143
112
115
127
129
126
127
140
142
176
189
205
200
111
122
136
134
113
120
132
132
105
117
127
130
140
151
160
161
91
92
100
100
93
103
112
112
129
136
145
147
138
129
125
130
127
119
115
114
137
128
122
128
191
184
171
175
130
124
117
122
131
122
117
117
120
106
107
113
156
145
143
152
97
89
109
101
95
106
143
136
134
141
143
152
154
127
136
139
142
151
153
194
209
209
135
140
145
132
143
147
126
132
136
165
176
179
115
118
117
146
156
160
100
100
100
100
150
139
117
110
125
134
105
109
121
134
114
112
119
152
124
123
147
154
181
189
131
131
130
126
126
128
116
112
116
118
123
135
139
147
167
185
186
112
125
137
140
109
118
131
132
125
112
113
114
134
128
120
124
179
174
164
179
136
129
120
126
143
149
154
129
125
132
140
119
140
148
153
131
195
210
211
176
141
140
141
139
125
131
142
143
110
113
124
125
125
128
142
142
May
June
July—
August.
138
138
133
130
138
131
125
130
123
116
111
111
September..
October
November-.
December..
132
137
138
137
142
153
156
128
January..
February.
March
April
139
139
140
139
May-..
June
July.—
August.
138
136
133
130
September..
October
November.December..
133
136
137
1919 monthly
1920 monthly
1921 monthly
1922 monthly
1923 monthly
average..
average..
average..
average..
average..
100
100
100
100
133
115
116
129
136
115
116
129
126
108
115
122
136
115
116
125
1924
1925
1926
1927
average..
average..
average..
average..
133
135
137
132
135
137
123
122
121
130
133
137
January. February..
March
April
134
135
137
136
119
127
139
141
112
115
126
127
May
June
July—
August.
137
135
133
131
136
129
124
131
September..
October
November..
December..
133
134
137
139
1926
January. _.
February..
March
April
monthly
monthly
monthly
monthly
100
119
118
131
1935
1937
|
j
103
103
1928
January. _.
February..
March
April
May_.
June...
T
1
Data compiled by the Federal Reserve Board, Division of Research and Statistics, and are based upon values at the end of the month. T h e index is weighted b y number
Digitized for of
FRASER
employees in retail stores as shown by latest available census data. For details, see Federal Reserve Bulletin for February, 1923. T h e total index is also shown adjusted
for seasonal fluctuations.
124
Table 101.—LIFE INSURANCE—NEW BUSINESS AND PREMIUMS
(Association of Life Insurance Presidents)
PREMIUM COLLECTIONS
(new and renewal)
Ordi- Indus- Group
Total
nary
trial
NEW BUSINESS
Ordinary
Number
of
policies
Group
Industrial
YEAR AND MONTH
Thousands of
dollars
Number
of
policies
Total
Number ThouThou- Numof
of
sands of ber
of
con- certifi-2 sands
dollars tracts
dollars
cates
743, 705
705, 404
723, 678
713, 437
770, 229
748, 979
892, 946
858, 257
930, 525
900, 741
1, 018, 713 1, 064,080
1, 002, 205 1, 064, 699
1,044,126 1,135, 678
592, 711
495, 758
560, 703
689,170
745, 790
896, 381
951, 757
941, 343
75, 402
81, 424
89, 242
99, 631
110, 287
125,119
130, 882
20, 342
22, 587
25, 751
30, 057
34,178
39,119
44, 775
1,498
97, 302
1, 545 105, 556
1,621 116, 614
2,092 131, 779
2,618 147,083
4,625 168, 863
4,893 180, 549
738, 434
877, 509
897, 435
1,422, 061 1, 460, 056 927, 862
905, 923
1, 069, 621 1,095, 925
1,096,120 1, 270, 922 1, 259, 042
107, 367
130, 045
130, 920
157,858
37, 057
38, 951
39, 074
65, 018
3,124
4,841
4,940
7,100
147, 548
173,837
174,934
229,976
56, 280
83, 088
72, 368
80, 663
1, 002, 292 1,042,886
843, 727
855, 299
898,870
846, 772
1,084, 569 1,128, 636 1,027,025
971, 463
1,014,470 1,075, 226
124, 695
123, 456
142,143
139,123
41, 247
37,801
43, 344
40, 763
5,007
8,107
4,814
3,240
170,949
169,364
190,301
183,126
56, 458
69, 282
78,125
55, 632
1,096, 034 1,135, 654
980, 324 1, 023, 867
938,453
991, 361
918, 046
958, 771
993, 974
976, 449
931,002
850, 637
131, 553
132, 268
133, 755
117,851
40, 299
43, 747
42, 639
43, 419
4, 251
4,206
4,457
4,102 I
176,103 I
180,221 |
180,851 !
165,372 |
47, 743 73,456
44, 213 62, 353
70, 363 100, 448
214, 277 262,452
794,648
899, 041
946, 627
906, 917
1,041, 691 1,085, 721
1,091,963 1,162,144
965, 999
1,112,802 1, 326, 623 1, 303, 939
118, 023
125, 689
127, 489
154,534
40, 827
45, 281
73,947
3,783
4,735
4,327
7,683
162,633
174,412
177,097
236,164
i
!
|
|
192
176
178
176
51, 967 94, 445
32, 452 46,119
64,803 103, 057
30,991 46, 960
856, 379
866, 942
918, 717
972, 901 1, 005,177
879, 324
1,136,112 1,200, 737 1, 085, 483
1, 098, 600 1, 729,415 1, 024,162
135, 395
135, 969
159,168
149, 993
45, 920
43, 286
45, 534
45, 650
7,065
4,803
5,774
5,427
188,380
184,058
210,476
201,070
j
I
I
|
241, 662
221, 780
200,835
211,157
197
189
161
138
30, 805
41, 042
29,100
30,488
1,136, 269 1,166,877
1,053, 584 1,094, 437
978, 721
949, 782
992, 981 1, 023, 331
987,191
986, 339
893, 930
880, 644
145, 256
151, 009
140, 517
137, 510
45, 750
46, 584
47,108
49, 220
4,943
5,164
5,123
5,327
195,949
202, 757
192, 748
192,057
200, 622
265,974
252, 738
211,076
115
148
208
491
758, 661
931, 869
945, 250
930-352
1, 205, 212 1, 228. 861
911, 698
1, 144, 684 1,172,404
1,040, 576 1,164, 208 1,101,948
131, 763
140, 041
145, 581
45, 741
49, 272
48, 273
4,317
5, 792
4,862
181, 821
195, 105
198, 716
$51, 909
55, 217
58,128
58, 645
61, 484
66, 099
77, 901
5
6
11
32
81
70
164
2,500
4,090
6,542
11,739 I
25,760
26, 266
39, 720
$1, 736
3,790
3,927
6,560
14, 861
20, 555
35, 465
205, 276
163, 313
166, 781
195, 841
196, 841
214,168
219, 762
220, 229
464,189
381, 688
419, 585
502, 495
532, 347
616, W]
650, 368
650, 367
499, 938
550, 065
582,102
662, 259
703, 769
804, 380
782, 247
823, 700
93, 044
104,813
118, 233
143, 338
163, 630
196, 598
213,838
222, 278
190
58
96
158
132
165
196
197
38, 491
10, 299
21, 345
34,847
29, 916
45, 533
62, 690
41, 749
35, 478
9,257
22,885
43, 337
49, 814
83, 232
87, 550
1935
September
October
November
December
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
114
172
485
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
702,309
704,852
658, 562
595, 929
859, 630
743,137
716,607
719, 203
235, 207
202, 315
194, 315
199,076
195
167
149
157
39,815
43, 710
53, 057
40,882
September..
October
November..
December. _
184, 843
219, 049
221, 457
273, 769
523, 915
618, 041
629, 860
813, 479
714,041
822, 459
870, 324
838, 577
197, 277
226, 523
235, 691
228,008
157
183
182
456
January..
February.
March
April
187, 460
205, 604
245, 374
246, 519
576, 642
625, 988
740, 725
749, 923
679, 290
767,121
890, 560
851, 905
185, 292
207, 217
241, 701
227, 279
May
June
July-..
August.
233, 729
236, 429
216,956
211, 482
699,846
696, 742
625, 510
902, 343
816, 966
732, 665
781, 361
September..
October
November..
December..
186, 090
212,924
203, 629
256,546
526, 564
615, 753
582, 000
725, 847
745, 664
992,140
940, 847
783, 539
79,514
78, 779
83, 909
96, 311
110, 448
111, 640
180, 261
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average..
average..
average..
average..
average..
average..
average..
average..
$141,
138,
146,
181,
210,
219,
382,
Thousands of dollars
$195, 095
197, 231
208,847
246, 623
286, 433
305, 953
496, 010
379,819
410,189
428, 559
414, 605
414,443
433, 226
465, 248
average..
average..
average..
average..
average..
average..
average..
Thousands of
dollars
461, 833
493, 059
519, 011
522, 655
550, 650
571,133
685, 229
450
225
792
418
087
300
644
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly
Number Number
of policies of policies
and cerand
contracts tificates
20, 033 37, 788
38,109 54, 433
26, 476 111,066
175, 287 314,194
459, 338
488, 974
512, 479
510, 948
524, 972
544, 936
645, 674
$38, 953 $10, 778
40, 506 11, 580
42, 262 12, 421
45, 721 13, 280
50, 485 14, 440
54, 579 15, 807
64, 348 18, 088
$36 11 $49,767
52 11 52,138
97 i| 54,780
143 11 59, 144
308 || 65,233
536
70, 922
991
83, 427
|
|
!
|
1937
45, 683
67, 817
54, 229
43, 977
13, 496 31,475
23, 797 48, 625
27,928 76, 960
124,123 165, 025
1928
January..
February.
March
April
May..
June..
1 Compiled by the Association of Life Insurance Presidents. The data on new business represent only new business that has been paid for, exclusive of revivals, increases,
and dividend additions. Premium collections show the amount of money actually invested in life insurance each month, and include total premium collections, new and
renewal, and considerations for annuities and for supplementary contracts involving 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.
125
Table 102.—LIFE INSURANCE—ASSETS AND NEW BUSINESS BY DISTRICTS
(41 companies)
ADMITTED ASSETS
NEW BUSINESS, ORDINARY INSURANCE
(81 companies)2(Life Insurance Sales Research Bureau)
(Association of Life Insurance Presidents)
Bonds and stocks (book values) Policy
loans United Eastern Western Western
manuand
SouthPubStates, manufactur- factur- agriculpreGovern
Bail- lic All mium
tural
total
All Total erning
ing
Farm other
other notes
ment road utilities
Mortgage loans
YEAR AND
MONTH
Grand
total
Total
Millions of dollars
1921 mo. av__
1922mo.av_.
1923 mo. av_. $7,409
1924 mo. av_. 8,091
1925mo.av_. 8,944
1926 mo. av_. 9,935
1927 mo. av__
3,138
3,607
4,211
$1, 261 $1, 432 $3,327
1,405
1,734 3,428
1,496 2,111 3,653
1,564 2,647 3,887
Far
western
CANADIAN
SALES,
ORDINARY 3
Thousands of dollars
$1, 219 $1, 750 $281
1,849 365
1,119
1,975 521
1,053
971 2,117
$77
95
105
113
995
1,070
1,177
$425,092 $154, 321
459,292 174,242
549, 296 208, 526
591,172 234, 969
672, 286 267, 430
700, 730 279,875
710, 962 286,505
10,152
121, 194
128, 465
144, 071
152, 474
158,233
II, 074 $57,145 $42,400
61,645 46,126
90,912 72,403 56, 261
93, 252 73, 374 61,112
107, 277 85, 312 68,197
110,174 88,133 70, 075
87, 492 71, 491
107,241
28,421
30,487
32, 597
35,406
39,304
41,870
779
871
345
795
33,543
36, 259
36, 760
41,822
1925
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
2,195
2,235
2,278
2,341
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
106
106
108
112
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
107, 380
99,155
133, 997
80, 030
86,527
81, 492
116, 231
1936
January
February _.
March
April
9,481
9,546
9,630
9,717
3,913
3,961
4,016
4,073
1,527
1,533
1,543
1,552
2,386
2,428
2,473
2,521
3,807
3,811
3,825
3,846
1,043
1,026
1,007
996
2,046
2,057
2,074
2,091
607
620
636
650
111
108
108
109
1,122
1,129
1,141
1,152
572, 639
640, 775
790, 669
743, 635
241,
266,
314,
301,
608
359
969
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
9,800
9,882
1,560
1,568
1,572
1,577
2,561
2,613
2,666
2,713
3,865
3,888
3,899
3,907
979
962
951
948
2,104
2,128
2,132
2,137
672
705
710
110
110
111
112
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,
124,
110,
107,
090
381
372
354
93,
96,
86,
84,
816
540
758
572
73, 973
76,049
71,686
70, 812
37, 703
44,634
40,101
36,010
104, 268
100, 446
102, 894
133,132
76,
81,
84,
112,
904
621
462
856
62,226
66,326
67, 673
87, 467
34,878
40, 226
44,251
47, 366
58,060
61,685
83, 035
80,064
35, 525
42,883
41, 631
44, 553
45, 298
39, 962
38, 360
May
June
July
August
10,050
4,121
4,181
4,238
4,290
September.
October
November.
December..
10,141
10, 237
10, 333
10, 432
4,335
4,405
4,463
4,532
1,579
1,581
1,585
1,588
2,756
2,824
2,878
2,944
3,924
3,941
3,957
3,975
948
937
936
920
2,148
2,156
2,161
2,172
729
740
756
113
119
120
127
1,202
1,210
1,219
1,229
597, 667
656, 362
691, 520
879,049
222, 265
262, 334
283, 297
356, 488
132,004
145, 635
153,194
189,106
1927
January
February. _
March
April
10, 529
10,606
10, 713
10, 812
4,587
4,637
4,686
4,722
1,592
1,599
1,604
1,611
2,995
3,038
3,082
3,111
3,987
4,002
4,033
4,067
919
918
921
917
2,173
2,173
2,183
2,204
764
775
792
806
131
136
137
140
1,240
1,252
1,268
1,282
601,985
673,855
836,995
778,451
257,
293,
356,
316,
133,
145,
183,
173,
May
June
July
August
10,896
10,982
11,078
11,172
4,764
4,806
4,847
4,898
1,615
1,617
1,620
1,622
3,149
3,189
3,227
3,276
4,085
4,117
4,152
4,192
914
915
920
923
2,210
2,225
2,234
2,242
816
831
850
876
145
146
148
151
1,291
1,305
1,316
1,327
752, 267
763,495
680,076
681, 654
11,268
11,381
11,484
4,941
4,982
5,019
1,620
1,621
1,620
3,321
3,361
3,399
4,216
4,262
4,323
919
928
940
2,259
2,268
2,287
887
911
942
151
155
154
1,338
1,347
1,358
606, 760
659, 375
682, 688
833,944
_
September.
October
November.
December,.
734
294
736
582
64,
67,
67,
84,
912
932
761
372
121, 369
114, 529
66,112
77,258
92,094
93,904
309, 265
309,396
267,873
261,413
163, 551
165,803
151, 721
154, 708
110,340
115,180
105,250
103,638
91,834
99,022
86,058
86, 549
77,277
74,094
69,174
75,346
237,184
257, 543
254, 111
316, 931
138,441
148, 380
150, 447
188, 770
93,224
103, 663
106, 310
131, 530
76,998
82, 706
84,189
113,184
67,083
67, 631
83,529
86,167
35,302
48,104
44, 935
1938
January . . .
February.
March
April
May.
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 of the end of each month and are designed to show the fluctuations in the character of investments of life insurance
companies. Admitted assets embrace all assets permitted by statute to be included for testing the solvency of the companies; in addition to the items separately listed,
the total also includes real estate, collateral loans, cash, bills receivable, interest due and accrued, deferred an£l unpaid premiums, etc. Of the bonds and stocks, approximately 98H Per cent are bonds and \y2 per cent are stocks. A compilation of the mortgages owned by 57 life insurance companies, by States, as of Dec. 31, 1925, appeared
in the
September, 1926, issue (No. 61), p. 26.
2
Represents data on ordinary life insurance only (thus excluding industrial and group insurance) compiled by the Life Insurance Sales Research Bureau from 81 insurance companies who held on Jan. 1, 1927, 90 per cent of the total ordinary legal life reserve in force in the United States. Monthly data for 1921 were given in the April,
1924, issue (No. 32), p. 56. The Eastern Manufacturing district includes Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New
Jersey, and Pennsylvania; Western Manufacturing district—Ohio, Indiana, Illinois, Michigan, and Wisconsin; Western Agricultural district—Minnesota, Iowa, Missouri.
North Dakota, Texas, South Dakota, Nebraska, Kansas, Arkansas, Louisiana, and Oklahoma. Southern district—Delaware, Maryland, District of Columbia, Virginia,
West Virginia, North Carolina, South Carolina, Georgia, Florida, Kentucky, Tennessee, Alabama, and Mississippi; Far Western district—Montana, Idaho, Wyoming,
Colorado,
New Mexico, Arizona, Utah, Nevada, Washington, Oregon, and California.
3
Compiled by the Life Insurance Sales Research Bureau from reports of companies which had on Jan. 1, 1927, 84 per cent of the legal reserve ordinary business in force
in Canada. Details by Provinces are given in the bureau's monthly reports.
126
Table 103.—BANKING
CHECK PAYMENTS
In New
York
YEAR AND MONTH
Cityi
Outside
New
York
Cityi
Canada 2
CONDITION OF 1 BROKERS'
CONDITION OF FEDERAL RESERVE BANKS 3 REPORTING MEMBER
LOANS
(end of month)
BANKS 3
(end of month)
(end of month)
Bills
discounted
Notes Total
in cir- investcula- ments
tion
Total
reserves
Total
deposits
Millions of dollars
1913 monthly average.
1914 monthly average
1915 monthly average.
1916 monthly average.
1917 monthly average
Reserve
ratio
ToN.Y.
Total Total
Net
Stock By New
loans investdemand
York
and dis- ments deposits Exchg.
mem- banks *
counts
bers*
Per cent
Millions of dollars
$775
659
637
859
1,021
$29
24
224
$89
185
606
$144
231
$384
586
1,261
$1,154
94.6
83 5
75.6
$17,598
20,133
15,995
16, 626
1,115
1,351
1,632
1,401
1,304
1,158
1,936
2,557
1,755
550
1,911
2,618
3,154
2,664
2,215
466
592
685
338
618
1,991
2,190
2,126
2,672
3,149
1,738
1,937
1,922
1,744
1,851
57.0
50.2
43.5
61.4
77.5
$11,927
10,953
32, 630
18,777
19, 013
21, 368
22,426
23, 529
1,392
1,367
1,346
1,414
1,642
751
362
500
581
447
2,239
1,866
1,689
1,707
1,714
399
583
646
627
688
3,192
3,196
2,869
2,955
3,111
1,941
2,111
2,247
2,286
2,358
76.4
80.4
74.8
74.1
76.5
1926
May
June
July
August
26, 571
28,196
27,659
26,233
21,449
22,466
23,674
20, 755
1,403
1,411
1, 376
1,345
474
515
521
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
September October
November
December
25,618
28,755
25,790
32,577
21,311
23,754
21, 568
24,464
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
1927
January
February
March
April
31,258
27,439
34,492
32,007
23,457
20,781
24,028
23, 579
1,454
1,251
1,442
1,473
365
435
456
444
1,688
1,717
1,711
1,718
607
602
593
562
31,270
33,008
30,750
31,653
22,875
23,813
22,937
22,054
1,645
1,586
1,476
1,474
497
477
398
401
1,740
1,703
1,662
1,676
33,369
34,091
33,282
38,938
23, 387
25,117
23,809
26, 509
1,583
1,849
2,159
2,311
430
379
477
609
1,706
1,717
1,717
1,813
1918 monthly average.
1919 monthly average.
1920 monthly average.
1921 monthly average.
1922 monthly average.
$20,343
20,119
17,258
19,988
1923 monthly average
1924 monthly average.
1925 monthly average.
1926 monthly average.
1927 monthly average.
19,866
21,961
26,114
28,255
May
June
July
- -_ __
September
October
November
__
__
$3,364
4,230
$9, 260
10,576
11,302
10,178
10,855
6 $690
1,157
977
774
1,319
11, 788
12,343
13,450
14,141
14,696
4,617
4,968
5,464
5,579
5,984
11,143
12, 065
12, 892
12,976
13, 301
$3,123
3,646
1,391
1,565
2,336
2,704
3,137
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
2,767
2,926
2,998
3,142
2,432
2,565
2,602
2,758
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
3,219
3,111
3,129
3,293
2,813
2,602
2,647
2,788
3,133
3,144
3,183
3,207
2,245
3,290
2,328
2,314
79.6
78.5
78.8
79.5
14,200
14,297
14,359
14, 353
5,540
5,662
5,914
5,924
12,879
12,904
13,006
13, 041
3,139
3,256
3,290
3,341
2,732
2,813
2,803
2,883
593
594
556
658
3,154
3,184
3,181
3,146
2,367
2,399
2,330
2,341
76.8
77.6
79.7
78.3
14,625
14,718
14,488
14,697
5,977
6,050
5,992
5,927
13,414
13,381
13, 200
13,349
3,458
3,569
3,642
3,674
3,062
3,118
3,141
3,184
737
862
903
990
3,126
3,067
2,940
2,862
2,390
2,404
2,413
2,473
76.3
74.4
71.2
66.8
14,942
15,029
15, 214
15,433
6,042
6,065
6,329
6,386
13,230
13,464
13,954
13, 786
3,915
3,946
4,092
4,433
3,306
3,372
3, 511
3,718
1928
January
Februafy
March
April
May
June
i
1 Check payments for the United States are represented by debits to individual accounts as collected by the Federal Reserve Board from about 150 of the larger clearinghouse centers. These data represent check transactions more fully than clearings inasmuch as all checks debited to individual accounts are included and not merely those
passing through the clearing house. Data on clearings have been discontinued owing to the variation in number of centers reporting, the annual averages back to 1913
being shown in the August, 1927, issue (No. 72), p. 123. Thefiguresgiven 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
3 Canadian check payments are represented by bank clearings, showing volume of check transactions passing through 16 clearing houses as compiled by Bradstreet s.
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,figuresare of the last Friday of
the month. The reserve ratio represents the percentage which total reseres (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.
* Compiled by the New York 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.
6
Compiled by the Federal Reserve Board from reports, beginning with 1926, of 61 identical reporting member banks in New York City on their collateral loans to brokers
and dealers on the last Wednesday in each month (not confined to members of the New York Stock Exchange). Details as to the account for which loans were made (for
out-of-town banks, or others), differentiating in each case between call and time money, are given in the board's weekly press releases. Prior to 1926, thefiguresare based
on daily reports of 43 banks, a few of them nonmembers of the Federal reserve system, and did not include for some banks the loans to dealers in securities. However, the
figures are fairly comparable. Prior to April, 1921, the data represent the last Friday in each month, instead of the last Wednesday. Complete weekly data in detail from
19175 were published in the November, 1926, issue of the Federal Reserve Bulletin, pp. 779-786.
Three months' average, October to December, inclusive.
127
Table 104.—PUBLIC FINANCE, INTEREST RATES, AND SAVINGS
UNITED STATES GOVERNMENT FINANCES i
YEAR AND MONTH
MONEY IN
CIRCULATION 2
Gross
OrdiCusTotal
debt,
nary
toms ordinary expendiTotal
end of receipts
receipts tures
month
Mills,
of dolls.
1913 monthly average,
1914 monthly average.
1915 monthly average.
1916 monthly average.
1917 monthly average.
$1,193
1,188
1,191
1,225
2,976
1918 monthly average.
1919 monthly average.
1920 monthly average.
1921 monthly average.
1922 monthly average.
Thousands of dollars
SAV.
BOND YIELDS *
DEPOS.
(end
mo.)
Redis. N.Y.
N.Y. Coml. Fed. Inter,
med.
N.Y.
15
15
15
15
State
Per
paper,
call
land credit Fed.
savings6 rail- indus- utili- municcapita loans 4 to 6 banks banks
Res.
ties
ipal
roads trial
3
banks
mos.3
(')
()
Bk.£
0)
INTEREST RATES
Mills,
of dolls. dollars
Per cent
Mills,
of dolls.
$1,725
1,772
1,805
1,918
1,989
4.42
4.46
4.64
4.49
4.79
4.99
4.93
4.97
4.89
5.09
4.94
4.87
4.88
4.79
5.09
4.22
4.12
4.16
3.94
4.20
Per cent
$60,474
61,282
63,353
61, 250
165,025
$3,364
3,402
3,261
3,591
3,849
$34. 56
34.35
32.38
35.06
36.96
3.29
3.68
1.90
2.74
3.37
5.52
4.80
3.46
3.45
4.73
8 5.50
5.00
5.00
5.00
12, 244
25,482
24, 298
23,976
22, 964
305, 382 1,058,153
15,000
429, 355 1, 543, 575
15, 371
26, 909 . 557,880
540,174
468, 744
25, 714
461, 517
342,425
29, 704
316, 275
4,336
4,795
5,332
4,843
4,374
40.96
45.18
50.11
44.80
39.86
5.08
7.07
8.58
5.99
4.42
5.88
5.43
7.38
6.54
4.43
5.83
5.67
5.50
5.83
5.67
5.00
5.00
6.50
5.88
4.20
2,017
2,223
2,465
2, 636
2,800
5.20
5.29
5.79
5.57
4.85
5.45
5.40
6.01
5.96
5.21
5.76
5.84
6.73
6.56
5.46
4.50
4.46
4.98
5.09
4.23
1923 monthly average.
1924 monthly average.
1925 monthly average.
1926 monthly average.
1927 monthly average.
22,350
21, 251
20, 516
19,643
18, 510
46, 827
45, 470
45, 630
48,286
50,458
333, 928
334, 337
315, 012
330, 813
344,116
308,123
292, 223
294,137
298, 749
291,132
4,729
4,755
4,736
4,835
4,745
42.50
42.20
41.51
41.85
40.58
4.87
3.17
4.31
4.58
4.10
4.99
3.91
4.02
4.24
4.15
5.63
5.75
5.25
5.41
5.19
9 5.50
5.17
4.58
4.71
4.50
4.46
3.67
3.46
3.84
3.79
3,091
3,259
3,491
3,718
4,019
4.98
4.78
4.67
4.51
4.31
5.26
5.21
5.06
4.91
4.83
5.41
5.22
5.06
4.90
4.78
4.25
4.20
4.09
4.08
3.98
1926
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
264, 250
414, 032
4,906
4,933
4,949
5,001
42.34
42.53
42.62
43.03
4.90
4.75
4.59
5.15
4.43
4.50
4.44
4.38
5.38
5.38
5.38
5.38
4.50
4.50
4.50
4.50
4.00
4.00
4.00
4.00
3,777
3,778
3,791
3,863
4.51
4.51
4.44
4.43
4.91
4.91
4.87
4.87
4.90
4.87
4.85
4.84
4.08
4.09
4.09
4.07
1927
January
February
March
_ _
April
19,170
19,153
19,008
18,941
44, 695
43,379
52, 753
51,253
169, 583
165, 735
659,116
190,380
304,254
158, 506
330,329
310, 511
4,713
4,779
4,758
4,784
40.51
41.03
40.81
40.99
4.28
4.13
4.10
4.34
4.13
3.88
3.98
4.06
5.21
5.21
5.19
5.21
4.50
4.50
4.50
4.50
4.00
4.00
4.00
4.00
3,889
3,903
3,973
3,963
4.42
4.41
4.37
4.31
4.87
4.85
4.84
4.83
4.81
4.82
4.81
4.79
4.04
4.04
4.00
3.96
May
June
July
August
18,874
18, 510
18,463
18, 380
45,615
48,988
50,481
52,982
170,370
742, 691
173, 970
202,182
213,028
363, 717
203, 579
259,181
4,786
4,745
4,744
4,750
40.97
40.58
40.53
40.54
4.31
4.33
4.00
3.65
4.13
4.13
4.30
4.16
5.19
5.17
5.19
5.17
4.50
4.50
4.50
4.50
4.00
4.00
4.00
3.50
3,972
4,034
4,023
4,033
4.29
4.35
4.34
4.32
4.83
4.87
4.86
4.81
4.77
4.80
4.81
4.78
3.94
4.00
4.02
4.00
18,478
18,369
18,174
18,036
54,410
56,617
47,660
43,113
590,192
221, 205
149, 683
652, 708
287,442
413,220
406,830
354,178
4,850
4,844
4,845
41.35
41.25
41.22
3.81
4.03
3.75
4.44
4.31
4.28
4.23
4.25
5.17
5.17
5.17
5.15
4.50
4.50
4.50
4.50
3.50
3.50
3.50
3.50
4,089
4,083
4,096
4,164
4.27
4.24
4.19
4.17
4.80
4.79
4.79
4.79
4.75
4.75
4.76
4.72
3.96
3.93
3.93
3.90
September
October
November
December
-
$26,512
24,344
17,439
17,636
18,832'
$60, 315
61,195
57, 972
65,003
94, 037
1928
January
February
March
April
May
June
1 Compiled by the U. S. Treasury Department. Yearly figures under this heading represent averages for the fiscal year ending June 30 of the year indicated, except the
debt figures, which represent the condition on June 30. Debt figures up to the last two months are on a warrant basis, the current months being on a cash basis, as shown
in the preliminary debt statement, where further details may be obtained. Monthly data extending back to 1921 appeared in the March, 1924, issue of the SURVEY (NO.
31), p. 56. Receipts and expenditures are shown in detail currently in the daily statement of the U. S. Treasury. The large total receipts every three months are due to
payment
of income-tax installments. Expenditures represent those chargeable against ordinary receipts.
2
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 thereafter3 by the U. S. Treasury Department. Yearly figures are as of June 30.
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.
4
Compiled by the Federal Farm Loan Board, representing average interest rates charged by the Federal farm loan banks and intermediate credit banks, respectively.
These rates are based on the interest rates on farm loan bonds issued by the respective banks, being limited by law to a rate not exceeding 1 per cent higher than the
rate of the bond issue. The law limits interest rates to a 6 per cent maximum. The rates given here for intermediate credit banks are those for direct loans only. For
descriptions of these banks and the type of their loans, see Table 105. 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.
5 From the Federal Reserve Board. Monthly averages for years prior to 1922 cover only 61-90 day commercial, agricultural and livestock paper; since then rates shown are
applicable
to all classes and maturities of eligible paper.
6
Compiled from data furnished by the Savings Bank Association of the State of New York, comprising all savings banks in New York State at semiannual periods, 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.
7
Compiled by the Standard Statistics Co., representing arithmetic averages of the yields to maturity on the individual high-grade bonds, calculated from averages of the
high and low prices of the month. For the year 1914, when the exchanges were closed for several months, the average for railroad bonds excludes the months of August
through October, the averages for industrials and public utilities exclude August through November and the average for municipals excludes August through December.
8
Average of 8 months, May to December, inclusive.
0 Average of 10 months, March to December, inclusive.
128
Table 105.—STOCKS AND BONDS
BOND
BOND PRICE INDEXES
STOCK PRICES
YIELDS
NEW YORK STOCK2 EXCHANGE
SALES
0)
YEAR
AND
MONTH
10
Com10
10
10
ComLibSouth- Combined high- sec- public indus- bined 5erty
25
25
bined
ern
index and
ond utility trial
index indus- rail- cotton index est
(66
(40 grade grade bonds bonds
(103
trials roads mills
bonds) Treasbonds) rails rails
(«)
stocks)
ury
6
(7)
()
w
w
Per cent of par value of 4 per cent bond
Dollars per share
$58.19
58.08
75.35
99.14
85.44
80.98
105. 77
1913 m.a.
1914 m.a.
1915 m.a.
1916 m.a.
1917 m.a.
1018 m.:
1919 m.a.
!.97
77.57
73.16
80.05
69.12
61.34
62.06
55.94
53.21
62. 38
60.15 $138.45
67.18 124.68
82.48 116.99
93.27 114. 25
113.81 111. 29
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
70.51
75.89
71.35
69.36
70. 76
59. 70
60.15
74.11
71.72
74.32
77.04
80.36
83.69
71.33
74. 39
85.50
82.86
85.11
86.96
89.14
94.47
58.54
61.43
71.76
67.71
71.96
76.69
81.21
85.28
51.99
53.92
67.50
66.26
68.93
70.81
74.40
77.47
60.12
55.28
74.00
72.27
73.21
75.45
77.86
79.53
4.45
4.16
4.23
4.06
4.31
4.58
4.50
6,924
3,992
14,448
19,404
15, 378
11, 948
26,073
$41,499
56, 959
79, 623
94,199
61,866
47, 544
71,322
18, 728
14, 334
21, 852
19, 773
23, 503
37, 684
37,425
Thousands of dollars
par value
$40,492
117,059
236,814
$41,499
56,959
79, 623
94,199
85,690
164, 603
308,136
88, 563
115, 686
206,948
161, 521
243,145
256, 621
238, 734
282,479
235,406
173,130
136,442
66, 549
72,178
29, 503
21, 311
24,158
323, 969
288,816
343,390
227,903
315, 323
286,124
260,045
306, 697
!
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
35,462
52,040
30,224
262,897
218,297
247,061
269, 232
29, 680
17,938
27,106
292, 577
236,235
274,167
298,180
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
4.11
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
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
4.12
4.16
4.14
4.13
36,904
40,213
31,183
41,891
175, 594
217,302
272,138
299,088
14,060
15,870
17,457
25,403
189,654
233,172
289, 595
324,491
91.97
91.51
92.96
94.74
83.52
83.29
83.72
84.48
76.66
76.32
76.10
76.19
79.51
79.32
79.65
79.58
100.38
100.27
100. 71
100.67
103.31
103.37
103.62
103.41
105.23
104.84
105.02
104.74
4.08
4.08
3.98
3.95
34, 757
44,163
56,057
49,636
326,065
282,405
313, 565
290, 520
25, 349
15,288
45,471
25,800
351,414
297,693
359,036
316,320
83.37
82.69
82.81
83.98
95.06
93.48
93.57
94.58
84.84
84.10
84.16
85.43
76.49
76.76
76.85
78.23
79.38
78.37
78.60
79.55
101.03
100.63
100. 79
101. 34
104.14
103.71
103. 58
104.14
105.07
104.96
105. 42
10*5. 67
3.95
4.01
4.06
4.02
46, 598
47, 630
38,493
51, 057
303, 510
288,469
252,423
290,948
31,163
34,837
17,289
13,070
334, 673
323,306
269,712
304, 018
84.35
85.05
85.43
85.98
95.19
96.11
97.23
97.20
86.11
87.24
87.87
88.57
78.29
79.00
79.14
79.55
79.81
79.93
79.86
80.82
101. 51
101. 59
102. 43
102.46
103. 68
103. 92
106. 53
106.02
105. 64
104. 65
105. 46
105. 60
3.96
3.95
3.93
3.87
51,918
50, 459
51, 356
62,367
254,987
258,112
261,540
267,918
24, 326
13,187
20,205
23,916
279, 313
271, 299
281,745
291,834
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
79.69
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
108.13
111.50
146.95
155.81
163.01
172.22
88.04
92.37
93.77
96.14
115.04
113.84
110.58
110.33
80.68
80.82
80.56
80.48
85.59
89.11
89.23
81.97
82.20
81.53
81.20
114.48
111.61
115.32
117.43
172.26
164.63
171.95
179.36
99.43
94.93
97.43
100. 25
110.68
110.67
110.79
110.46
80.42
80.31
81.36
81.95
89.36
89.52
90.42
91.19
1927
Jan
Feb....
Mar
Apr
115.29
119.69
120.30
121.65
175.39
181.06
188.70
199.99
101. 55
105. 66
106.58
110. 74
109. 72
110.36
110.73
111.36
82.52
82.23
82.66
83.19
May...
June
July___
Aug
131.18
125. 45
135. 83
141.17
209.83
211.25
221.90
229.99
113.60
115.63
117.00
117.42
111.93
112.34
112.48
111.05
Sept...
Oct
Nov
Dec
140. 67
130.15
142. 03
144. 26
242. 66
233. 36
237. 84
242. 50
119.95
117. 84
120. 04
119. 68
109. 85
111.31
111.94
112. 36
c
Thous.
of shares
Total
bonds
95.68
97.52
99.23
101.15
1926
Jan
Feb.__.
Mar
Apr_...
Sept...
Oct
Nov
Dec...
Per
cent
Liberty
and
Treasury
bonds
5.04
5.02
4.21
4.27
4.21
4.13
4.13
3.99
107. 21
79.38
98.58
107. 78
115. 08
152. 65
165.70
214. 54
112. 75
Miscellaneous
bonds
92.42
101.22
100.22
101. 71
103.04
103.31
105.19
$84.57
97.08
89.59
88.74
110.63
113.56
130.69
115.64
Per cent of par value
Municipal Stocks
bonds
93.20
99.54
98.77
101.44
102.62
102.73
104.12
1920 m.a.
1921 m.a.
1922 m.a,
1923 m.a,
1924 m.a.
1925 m.a.
1926 m.a.
1927 m.a.
May_._
Juno
July....
Aug
16
foreign
85.38
94.93
1928
Jan
Feb.—
Mar
Apr
May.
June.
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.
4
Prices are averages of daily closing prices for these stocks on New York Stock Exchange, taken from the Annalist. Monthly data from 1913 are given in the December,
1922,6 issue (No. 16), p. 47.
Compiled from weekly quotations of 25 southern cotton-mill stocks as furnished by R. S. Dickson & Co. Monthly data froml9 23 may be found on p. 24 of the
March,
1926, issue (No. 55).
6
These indexes are compiled by Dow, Jones & Co. from the yields of the average prices of the bonds for each day of the month, the average yields for the 10 bonds of
each7 class being capitalized at 4 per cent to give the combined index.
This index, compiled as of the last day of the month by the New York Trust Co., includes 6 Liberty and Victory bonds (the 2 issues of Victory bonds being replaced
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
at their
Seven months' average, June to December, inclusive.
• Five substitutions in this series in January, 1922, account for the violent change in the index.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
129
Table 106.—STOCK PRICE INDEXES BY GROUPS1
INDUSTRIALS
Total
Bailroads
Total
Auto- Petro- RubmoSteel
biles leum ber
Ma- R.R.
chin- equip- Copery ment per
Textiles
Chain To- Thea- UtiliFood stores bacco
ter
ties
Y E A R AND M O N T H
Number of stocks in each group
229
31
198
10
10
17
11
9
11
16
Relative to 1917-1921 average
1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly
average.
average.
average.
average.
average.
85.9
100.4
92.1
79.0
97.0
87.3
89.4
81.3
78.5
92.4
85.1
105.1
96.6
79.2
98.9
55.0
94.7
94.7
52.6
62.6
77.9
108.9
97.0
83.0
103.4
63.7
121.4
94.6
54.7
54.1
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average.
average.
average.
average.
average .
104.4
128.7
145.0
173.0
91.4
97.7
113.8
127.0
151.3
102.0
107.5
134.8
152.3
182.0
73.. 5
72.1
122.4
187.6
298.0
100.8
97.9
108.9
111.6
105.6
42.7
29.2
51.4
52.0
52.0
132.9
137.1
141.6
143.9
115.8
116.2
120.0
125.4
139.8
145.8
150.4
151.6
143.5
165.5
170.2
159.2
101.9
104.4
109.9
113.3
55.2
64.9
January...
February.
March
April
145. 5
145.7
136.7
133.8
125.5
123.5
119.4
118.5
153.8
154.9
144.0
139.9
164.9
166.6
154.1
147.2
May
June
July.....
August..
135.1
141.0
145.7
151.3
120.6
125.5
128.1
131.4
141.1
147.4
152.8
159.5
September.
October
November.
December..
152.5
148.0
150.2
154.0
134.6
129.6
132.4
135.3
January...
February.
March
April
153.5
156.9
159.0
162.5
May
June
July
August..
September.
October
November .
December..
97.6
103.7
99.2
78.8
95.3
83.0
107.8
103.1
70.3
77.6
90.0
100.2
107.1
92.2
115.0
103.8
107.1
85.4
65.8
89.8
58.7
94.4
101.7
68.1
77.4
72.7
103.1
106.0
101.2
138.1
69.4
78.4
97.7
90.4
124.4
79.9
105.7
90.5
85.8
100.7
102.7
74.4
84.0
102.7
102.9
95.7
87.7
120.4
100.9
110.9
141.9
69.6
71.2
94.1
94.2
105.6
123.5
127.9
160. 3
165.8
199.8
87.3
87.6
103.9
109.3
122.9
77.0
57.9
45.2
39.3
42.1
171.3
208.0
236.3
290.8
364.9
171.4
243.7
374.4
413.5
500.7
105.7
111.4
134.5
159.7
192.8
81.3
83.2
126.1
151.5
173.8
128.6
143.2
193.6
214.1
246.2
65.0
100.0
102.6
107.9
111.5
99.3
101.2
103.0
106.2
168.9
168.2
170.7
172.8
105.6
106.2
112.6
109.7
44.5
46.8
50.2
48.3
243.6
249.0
245.2
251.0
409.0
463.5
488.1
495.6
144.8
151.1
154.4
156.5
136.6
141.8
146.5
142.7
205.5
214.0
216.2
214.9
114.4
114.5
109.8
107.3
66.0
66.1
57.5
51.7
111.1
106.8
100.5
97.8
105.6
101.9
92.2
90.2
173.7
168.7
156.2
151.7
107.1
109.5
103.4
102.1
47.2
44.1
40.8
38.0
265.4
289.1
269.1
266.5
516.6
496.2
409.6
355.7
160.1
161.2
153.4
151.4
144.7
149.0
145.7
145.1
217.0
221.3
201.6
199.3
151.3
163.5
187.1
219.8
110.8
114.5
113.6
113.5
46.4
49.3
47.9
50.6
107.6
114.7
121.7
90.5
94.2
95.2
95.2
152.3
161.3
165.3
171.4
104. 5
105.9
109.9
113.3
34.3
34.5
35.0
37.1
274.4
293.4
298.5
302.4
354.5
385.4
399.1
298.6
153.5
156.3
159.5
160.3
147.3
149.9
148.4
153.0
200.8
207.0
215.7
223.4
159.8
155.5
157.5
161.8
227.9
225.6
215.4
228.0
113.4
109.0
108.5
109.6
50.4
45.9
46.1
46.2
118.9
113.7
116.7
123.0
93.5
90.7
89.5
91.4
171.7
165.1
172.3
180.0
110.9
112.3
116.0
117.2
39.4
38.1
40.3
42.9
302.4
299.4
309.9
318.7
395.1
390.8
424.2
436.3
164.4
162.0
165.7
168.3
154.4
156.4
159.4
164.1
222.8
215.6
222.0
222.9
136.9
142.1
143.1
147.4
160.2
163.0
165. 6
168.7
226.6
233.4
251.9
266.6
110.5
112.3
107.7
101.9
47.0
50. 2
53.1
52.6
123.6
125.3
128.8
135.3
94.1
96.9
96.9
102.3
176.3
185.2
189.7
187.3
116.0
115.3
116.7
117.1
41.5
40.0
38.6
39.5
310.2
314.8
326.0
343.3
417.0
422.3
425.2
446.3
167.8
167.3
170.2
172.7
167.5
175.9
186.6
180.2
218.6
217.8
220.8
226.7
167.5
168.5
171.6
179.3
150.5
151.9
153.9
156.0
174.6
175.4
178.9
189.0
276.7
281.9
290.3
318.5
103.2
101.7
100.9
105.3
49.1
44.4
45.7
50.6
136.0
135.4
138.3
150.5
106.9
107.2
107.8
106.2
196.0
201.2
203.6
212.5
117.4
113.4
114.6
121.8
41.2
40.3
42.1
43.6
369.1
361.1
363.4
371.3
466.1
462.1
477.7
534.2
183.5
190.3
196.0
199.6
179.0
170.8
162.7
166.6
239.2
241.8
242.6
254.1
187.7
186.1
189.4
194.6
157.1
157.6
158.6
160.6
200.4
197.6
202.1
208.7
354. 5
355.8
353.5
366.5
105.3
104.0
107.5
106.4
57.6
55.4
55.8
62.1
165.8
153.1
152.0
159.3
110.0
109.6
111.5
117.8
216.1
203.8
207.9
218.4
127.4
128.0
136.3
150.5
44.8
43.9
45.1
44.4
392.2
389.1
406.6
432.1
585.1
573.6
598.4
601.0
205.9
208.7
226.7
225.5
169. 9
173.4
174.1
178.7
267.2
267.2
274.6
283.9
1925
September.
October
November.
December. _
1926
1927
1928
January...
February.
March
April
May.
June.
1
Compiled by the Standard Statistics Company and representing long-term indexes of common stock market values, weighted by the number of shares of each stock
outstanding. For industrial stocks the mean of the years 1917 to 1921 equals 100, while for rails, because of their depressed market in that period, the mean of the high and
low made in the 10 years, 1913 to 1922, is taken as 100. The monthlyfiguresare averages of weekly closing prices or last previous sale price. Other groups not published
here, but included in the total, comprise automobile accessories, chemicals, coal, electrical equipment, farm machinery, leather, mail order, miscellaneous metals, paper,
shipping, sugar, telegraph, and miscellaneous. Monthly data from 1918 appeared in the October, 1927, issue (No. 74) of the SURVEY, pp. 21 and 22, the November, 1927,
issue (No. 75), p. 23, and the January, 1928, issue (No. 77), p. 24.
80484°—28
9
130
Table 107.—NEW SECURITY ISSUES AND AGRICULTURAL FINANCING
CORPORATE SECURITIES i
YEAE AND
MONTH
Total
Stocks
Bonds
and
notes
MUNICIPAL
SECURITIES!*
CANADIAN BOND
ISSUES 3
137,145
119, 710
119,613
182,208
127,498
112, 068
251, 764
1920 monthly av.
1921 monthly av_
1922 monthly av_
1923 monthly av.
1924 monthly av_
1925 monthly av_
1926 monthly av.
1927 monthly av_
247,188
201,234
255,868
267, 704
319, 890
394,843
441, 630
608,450
$89,253
23,271
51, 969
61,413
72,199
109,248
109,814
146,467
1926
September
October
November
December __
328,705
350,482
595,237
429,304
48,327
58,490
203,909
94,969
610, 035
785,649
494, 373
521,496
AGRICULTURAL LOANS
OUTSTANDING
(end of month)
NEW
INCORPORAFedWar
Perma- Tem- Govt.
Federal
Joint
Cor- Total
Finent porary and Mu- poraout- TIONS 8
eral
Reinterstock
nance
New fundloans loans pro- nici- tion stdg.,
farm
med.
Corpocapital ing
land
6
(long (short
loan
pal bonds end of
credit 7 raterm) term) vincial
banks 6 banks banks
mo.
tion s
Mil. of
dolls.
Thousands of dollars
1913 monthly av_
1914 monthly av.
1915 monthly av
1916 monthly av_
1917 monthly av_
1918 monthly av_
1919 monthly av.
TAXEX.
SECURITIES*
Thousands of dollars
$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 $9,647
7,118 7,032
17, 901 5,542
17,385 4,158
56,198 2,365
58,000 4,917
64,429 2,583
$6,171
3,644
1, 888
3,540
2,708
628
5,121
$4, 567
4,989
5,201
5,587
6,929
8,047
7,893
$172,301
120,306
164, 915
276, 925
373,198
183, 275
1,056, 519
$110,498
237,478
5157,935 $225,825 $21,357
151,828 49,407
117,963
194, 615 61,460
203,899
214, 782 44,037
206,291
276,858 43,023
247,691
341, 727 53,115
285, 595
363, 084 78, 546
331, 815
461, 968 447,768 160, 766
64,742
115, 281
106, 629
94, 597
120, 557
117, 059
113, 503
122, 547
55, 341
63, 503
32, 965
42, 846
81, 590
72,172
55,101
49,435
9,749
13,395
27,125
25,107
25, 748
22,189
14, 897
13, 202
4,466
7,052
7,290
7,227
7,270
3,849
5,242
6,457
3,846
5,121
6,729
10,880
15, 284
12, 996
22,146
25, 255
8,512 1,249,920
9,198
663, 260
10,372
700,013
11,476
780,896
12, 588
596, 227
13,810
823,434
14,838
912,268
338,234
373, 381
546, 519
732,365
879,929
974, 737
1,045,135
76,951
79,124
143, 410
131, 837
421, 394 $50,883
502,183 64, 333
599,265 81, 239
280,379
291,993
391,328
334,335
283,231 45,474
276,706 73, 776
330,694 264, 543
353,228 76,076
135,129
105,076
71,726
147,247
54,613
42,075
11,882
70,149
None.
3,771
6,000 3,374
2,540 12,967
2,827 4,712
51, 713
33, 960
415
5,460
15,051
15,098
15,107
15,224
580,387
901, 303
552, 787
851, 660
1,057,217
1,063,056
1,068, 596
1,077,819
614, 639
619, 217
624,230
632,476
78,490
84, 665
87, 977
92,434
9,629
9,154
8,421
7,671
108, 511
277,978
114,507
101,403
501,524
507, 671
379,687
420,093
507,503
540, 588
392,426
389,915
174,675 30,476
72,681 121,867
92,069 67,501
124,808 67,252
35,611 13,998
640 1,842
None.
5,176
10,044 11,531
7,494
13,000
14,625
31,260
15,311
15,437
15, 517
15,561
739,730
942, 925
307, 744
271,448
1,085,170
1,097,642
1,109,354
1,117, 914
639, 651
647,762
656,011
614,481
93,013
82,424
78, 383
76, 895
7,310
6,815
6,347
5,220
August
711,861
707, 548
371, 095
444, 278
127,464
155,867
79, 052
153, 887
584,397
551,682
292, 043
290, 391
446,072 265,789
538, 295 169, 253
341, 658 29,437
277,832 166,446
210,251
164, 599
86,446
88,878
18, 010
26,625
19, 288
60, 382
8,400
271
None.
None.
1,517
2,226
4,799
904
30,100
10,374
31, 557
6,625
15, 693
15, 761
15, 783
15,850
292,280
314,363
273, 906
325,193
1,124,055
1,130,648
1,134,896
1,139, 502
617,220
607, 517
607, 679
609,891
70,888
65, 051
64, 252
64,408
5,050
4,846
4,731
4,569
September
October
November
December
451, 364
734,081
617,554
852,064
109, 576
134, 568
121,198
273,591
341, 788
599, 513
496,356
578,473
372, 585 78, 779
574,380 159,701
403,365 214,190
588, 591 263,472
118, 311
124, 759
105,185
107,904
73,088
69, 561
26,635
12,533
18,370 9,788
24,045 3,828
58, 540 10,532
2,500 11,340
52, 973
74, 936
24, 260
5,858
15, 952
16, 060
16,131
431, 293
243, 998
225,803
1,143,130
1,147,135
1,150,943
609, 535
610,050
607,891
62,879
66,885
41,815
4,285
4,080
1,800
1,362
1927
January
February..
March
April
May
June
July
102,532
245,061
101, 947
131, 581
$34,257
$174,051
103,646
60, 438
28,191
11,116
4,701
1928
January
February
March
April
May
June
1
Compiled by the Commercial and Financial Chronicle, except for data previous to 1920, which are from the New York Journal of Commerce. The columns "Newcapital" 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 187. Further details are given in the Commercial and Financial Chronicle.
2
Sales of new securities by States and municipalities compiled by The Bond Buyer, The short-term loans are of a temporary character, usually replaced later by permanent
loans.
3
Issues of Canadian bonds from The Financial Post, Canada.
4 Compiled by the U. S. Treasury Department from actual reports and estimates of the net amount of fully tax-exempt securities outstanding at the end of the month
(i. e., total outstanding less amounts in sinking fund or owned by the United States Government). The detailed estimates show separate classifications for (1) States, counties, cities, etc., (2) Territories and insular possessions (3) United States Government, and (4) Federal farm loan system. Monthly figures since January, 1913, are given
on page 23 of the present issue.
8 New incorporations represent the value of the authorized capital of new enterprises, exclusive of those under $100,000, incorporated in the principal Eastern States as
compiled
by the New York Journal of Commerce. Monthly averages from 1923 appeared in November, 1924, issue (No. 39), page 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 and livestock
loan8companies.
Data from the War Finance Corporation comprise advances for "agricultural and livestock purposes" under the agricultural credits acts on Aug. 24, 1921, to banks,
livestock associations, and cooperative marketing associations. Figures on advancements and repayments from 1922 to September, 1924, appeared in November, 1924, issue
(No. 39), page 189; since that date new advances have practically ceased.
»Six months' average, March, June, September, October, November, and December,
131
Table 108.—NEW SECURITY ISSUES BY CLASSES
CORPORATE ISSUES
Y E A R AND
MONTH
Foreign
government
LONG-TERM REAL ESTATE BONDS
Purpose of issue
Total
corporate
Rail- Public Indusroads utilities trials
Oils
Kind of structure
Shipping
and
Land,
Office
Interq
Grand
To
buildReal sitions and
est
ing, etc. miscel- total finance
estate
Apartother
and
conHotels ments rates
laneous
mortcomimstruc- gages
prove- mertion
cial
ments
Thousands of dollars
$73,455 $54,310
88, 595 38,222
43, 881 27, 671
52,818 25,192
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
$17,343 $38, 523
31,490 41,402
54, 607 55, 924
54,294 80,007
1923
1924
1925
1926
1927
av
av
av
av__.
av_._
20,237
69, 000
53, 782
42,844
64,761
269, 403
319,881
394,843
441, 630
608,450
43,187 94,866
78, 358 127,470
42, 892 143, 753
35, 215 164, 538
80,234
68, 248
51, 512
76, 887
1925
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
September
October.
November
December
61,800
39,650
138,100
None.
310, 688
371, 305
376,240
518, 359
March
April
24,972
3,800
21,500
83,100
May
June
July.....
August-
mo.
mo.
mo.
mo.
mo.
1926
January
February-_
September.
October
November. __
December
1927
January
February-.
March
April—
May—.
June
July
August..
September.
October
November.
December..
$5, 565 $25,908
7,700 30,970
4,542 13,450
14,875 28, 920
Per ct.
$13, 338
$8,452
$1,066
$2, 209
$6,171
3,696
1,057
7,233
6,851
5,320
9,723
12, 214
21, 892
21, 806
15, 613
97,915
18, 822
15, 627
23, 545
41, 643
35,445
21,013
27, 958
62, 722
61,347
55, 724
23, 268
18, 956
39, 623
46,348
84,198
57, 963
53, 701
47,633
13, 014 2,157
19,001 4,328
33, 322 12, 613
29,480 10,643
22, 587 11,435
122,935
141,419
107, 853
111, 539
49, 794
23, 610
92,445
39,178
12, 288 40,453
16, 359 116, 262
40, 722 63, 269
14, 547
21,906
45, 093
26, 769
18, 684
39,853
108,195
60, 099
36,428
13, 684
28, 952
6,320
35,000
131, 081
109, 590
121,446
182,164
43,062
20,400
2,500
20, 757
20,500
54, 960 47, 500
96, 629 29, 714
67,297 67,426
62,086 109, 010
614, 549
414,189
480,400
442, 586
46, 670
23,011
31,930
61.924
206,246
149, 658
137,426
216, 932
151,052 43,857
6,930
162,237
95, 366 104, 750
51,100
9,450
58,331
42,313
55, 505
53, 533
42,000
27,600
12, 520
34,000
453,868
472,402
474, 384
243,450
17.925 274, 824
40,376 215, 876
40, 775 211,829
15,085 69,434
3,500
2,050
6,500
10, 500
74, 900
118,000
24,240
47,492
328, 705
350,482
595, 237
429, 304
61, 706 45,930
12,190 147, 311
27,821 162,328
43,170 136, 656
52, 383
74, 670
84,140
121, 686
610,035
785, 649
494, 373
521, 496
9,346
131,872
89, 716
57, 830
23,000
54,400
25, 596
81,000
711,861
707,548
371,095
444,278
31, 281
125, 623
35,800
67, 547
451, 364
734,081
617,554
852, 064
6.91
4,354
4,964
9,761
8,637
4,022
3,499
5, 567
8,155
7,261
5,125
6.58
6.50
6.29
6.18
6.03
30,855 4,553 1,550
59, 244 27,091 10,405
37,004 9,420 8,145
21,180 11,515
650
23,462 2,000
37, 745 23, 365
13,756 16, 655
5,705
10,175
9,801
7,855
6,630
6,970
6.29
6.25
6.26
6.39
51,808
90, 839
65, 647
57,808
16, 350 13,330 13,068
39, 880 31, 753 11,640
45, 240 9,620 10,375
34,130 7,803 9,405
11, 270 8, 755 7,025
37, 515 8,393 5,130
27, 090 12, 795 10,165
18, 953 10, 995 13, 470
6.16
6.25
6.14
6.31
81,229
30,040
48, 923
48,498
53,927
41,153
50, 370
42, 398
38, 767
32, 858
250
24, 950 9,640
20, 603 13,110
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
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 12, 615 15,480
40, 945 7,425 13,180
43, 660 18,125 3,138
18,845 18, 760 8,000
29,191 4,833
34, 295 16, 505
22, 640 29, 345
8,915
7,875
7,035
8,850
7,070
6.22
6.15
6.23
6.15
114,938 None.
55,117 31, 212
73, 058 230,968
78, 624 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 7,021
24, 015 19,160
30, 375 4,845
32, 805 8,100
21, 350
14,105
23, 910
22, 475
1,630 4,270
5,175 11, 320
6,235 5,945
4," 660 7,670
6.10
6.08
6.14
6.16
309,084
374, 775
188, 212
196, 731
106, 350
150,115
50,979
58, 963
74, 381
55, 763
58, 510
56, 294
40, 286
70,424
75,081
71, 851
67, 960
2,700
31, 500
79, 500
46, 840
49, 794
36, 767 17,480 6,663
17,443 9,630 14,700
11, 900 11, 410 18, 790
25, 912 13,937 1,470
23, 295 4,050 11, 827
18, 708
925
3,780
8,315 2,860 2,775
18,177 11, 380 2,720
6.13
6.08
6.03
6.12
129, 225
204,223
14,306
183,764
255, 614
155,006
115,360
109,821
83,288
159,767
69,127
65,392
75,100
30,000
20, 750
25,000
41, 510 67,124
74,720 83, 833
48,936 102, 616
38,292 22,009
35, 520
68, 556
39, 719
32,247
13, 740 9,165
36,766 23,960
12, 223 15,040
19, 435 4,482
1,975
2,790
4,575
2,080
10, 070
26, 645
6,828
7,700
3,430
4,340
3,680
4,700
6.07
6.00
6.12
6.06
19,493
32, 550
16, 796
73, 686
200,174
311, 832
252,482
517,412
82, 659
113, 368
180,038
54, 938
None.
42,000
8,200
42, 000
45, 602 93,437
73, 729 160, 603
42, 730 117, 309
58, 225 105, 803
42, 763
59,092
27,131
53,172
23, 463 5,140
35, 819 10, 523
12,460 5, 241
25,120 11,207
3,310 19, 575
525 21, 980
1, 850 9,155
5,115 16, 905
5,140 3,473
3,845 11,519
2, 660 2,226
3,790 7,025
5.98
6.03
5.88
5-87
82, 759
94,335
51,178
76, 744
91, 801
66,035
19,940
$2, 676 $2,404
4,522
2,750
5,230
5,085
2,385
14, 300
4,110
4,150
600
3,781
2,065
7,170
1928
January
FebruaryMarch
April
MayJune _
i From the Commercial and Financial Chronicle, showing new financing in the United States. Corporate financing includes both stock and bond finances, and foreign
as well as American corporations. The industrial group comprises the following classifications given in the detailed statements: Iron, steel, coal, copper, etc.; equipment
manufacturers; motors and accessories; rubber and miscellaneous industrials. The data on long-term real estate bonds which represents only those put out by mortgage
bonding houses, have been segregated from detailed figures of individual issues in the land and building group as given in the Chronicle, eliminating data on stocks and
short-term bonds. These latter items, however, were shown in the September, 1925, issue (No. 49) of the SURVEY, p. 25, together with interest rates on the short-term
bonds
and the data shown here on long-term bonds extending back to January, 1922. In the classifications shown above by purpose of issue and by kind of structure, the
miscellaneous group, making the difference between the totals of the three classes shown and the grand total, has been omitted. The interest rates shown are the average
http://fraser.stlouisfed.org/
coupon rates on the long-term real estate bonds issued during the month.
Federal Reserve Bank of St. Louis
132
Table 109.—BUSINESS PROFITS AND LOSSES
DIVIDEND AND INTEREST PAYMENTS
BUSINESS FAILURES i
Total
commercial
Manufacturing
establishments
Banks
Trade estab- Agents and
(quarterly)
brokers
lishments
Canadian 2
YEAR AND
MONTH
.2
Thous.
of dolls.
1913
1914
1915
1916
1917
mo.
mo.
mo.
mo.
mo.
av. $22,818
av_ 29, 821
av. 25,106
av. 16, 354
av. 15,203
No.
Thous.
Thous.
of dolls. No. of dolls. No.
1,336
1,523
1,846
1,415
1,154
$10,366
11,312
9,335
6,083
6,628
Thous. No.
of dolls.
No.
Thous.
of
No.
dolls.
Dolls.
per
share
Thousands of dollars
$69, 838 £38, 527 $24, 733 $4,906
68, 481 36, 530 24, 549 5,368
66,020 36, 374 23, 613 5,149
77,176 44,986 26,095 6,020
89, 856 56, 542 26,038 6,493
929
353 $9, 583
385 13,805 1,071
426 12,436 1,336
994
349 7,616
786
308 5,843
$2, 869
4,704
3,335
2,655
2,732
$7,887
14,001
9,306
1,598
4,614
8 30 51, 388
54 2,562
33 2,698
12 1,312
12 1,138
2,644
2,002
6,547
11, 641
11,465
1,284
4,131
12, 675
43, 254
19, 434
6
12
30
102
69
1,035
843
1,845
4,221
4,771
52
82
199
271
227,061
265, 764
284, 573
278,484
283,310
85,184
78,912
81, 841
76,872
77, 554
53, 788
48, 264
50,140
45,200
43,723
24,135
23, 705
23, 832
23, 668
23, 508
6,318
5,977
6,074
5,970
5,902
6.19
5.85
6.59
4.94
4.40
50,934
50, 731
41,175
53,019
144
153
116
152
4,285
3,378
2,990
2,369
2,174
243
192
176
176
168
298, 768
80,271
320,049
84,391
340,492 $251,204 89, 246
365,932 268,208 97, 724
395, 955 289,342 106, 613
45,120
47,181
49, 671
55, 365
60,198
24,093
6,313
25,100 7,008
26,251
7,778
27, 593 9,141
29,125 10,390
5.46
5.55
7.09
7.58
2,677
2,663
2,244
3,212
249
188
159
153
511,725 344, 950 166, 775
220,215 136,500 83, 715
335,267 244, 222 91, 045
426, 200 326,500 99,700
68,200
46, 075
53,400
63,200
28, 775 18,100
30,215 7,425
32, 575 5,070
26,175 10,325
1,767
1,461
2,594
1,720
158
150
170
141
289, 800 225, 600 64,200 32,500
341, 450 270,000 71,450 41, 750
494, 700 373,200 121, 500 62,300
234, 800 147,500 87,300 48,100
24, 950 6,750
24, 575 5,125
31,900 11, 600
33,500 5,700
2,059
2,384
2,712
2,930
156
190
188
204
321,492
447, 500
339,100
428,930
18,600 6,300
27, 050 11, 300
32,000 12,000
20,800 10, 000
2,954
2,213
2,019
1,557
221
189
188
152
579, 850 400,950 178, 900 73,000 30,900 19,200
242, 350 155,000 87, 350 47, 600 31, 650 8,100
346, 870 251,620 95,250 55, 500 33, 850 5,900
460,100 355,900 104,200 65,475 27,550 11,175
1,826
2,958
1,785
1,687
157
156
144
147
322, 706
365,175
553, 553
252, 325
254,900 67, 805
290,700 74, 475
423,703 129, 850
161,100 91,225
34,150
43, 275
65,200
50,050
26,300 7,350
25, 450 5,750
33,450 13,200
34, 675 6,500
1,490
2,157
2,531
2,914
143
173
162
184
326,325
489, 725
321,800
490, 675
250,100 76,225 49, 375
369, 850 119, 875 70,250
227,100 94, 700 48,800
331,175 159,500 119, 700
19,750 7,100
28,375 12,250
33, 500 12,400
24,050 15, 750
1918 mo.
1919 mo.
1920 m o .
1921 mo.
1922 mo.
av.
av.
av.
av.
av_
13, 590
832
9,442
538
24, 593
740
52,361 1,638
51,989 1,973
6,121
4,301
10, 666
19, 488
17,910
230
155
220
375
473
4,825
541
3,139
334
7,380
461
21,232 1,166
22, 615 1,410
1923
1924
1925
1926
1927
av.
av.
av.
av.
av.
44,948
45,269
36,979
34,103
43,342
1,560
1,718
1,768
1,814
1,929
23,379
23,897
13,974
13,169
414
434
424
450
17,495
16,933
17, 948
16, 779
1,089
1,197
1,263
1,272
4,012
4,439
5,058
4,1-55
1936
January
February
March
April
43, 651
34,176
30, 623
38,487
2,296
1,801
1,984
1,957
16,084
10,822
9,862
16, 734
510 21, 512 1,696
447 20,317 1,282
469 18, 623 1,424
494 19,094 1,378
6,056
3,037
2,138
2,660
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, 515
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
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
11,242
958
15, 874 1,205
14,158 1,285
20, 579 1,469
8,655
5,707
2,439
8,282
1927
January
February.. _
March
April __..
51, 290
46, 941
57, 891
53,156
2,465
2, 035
2,143
1,968
19,996
10, 518
22, 368
25, 278
501
411
569
492
24,530
23,406
28,191
22,308
1,842
1,508
1,468
1,342
6,764
13, 017
7,332
5, 570
May.
June
July
August
37, 785
34,465
43,150
39,196
1,852
1,833
1,756
1,708
13, 802
13, 587
16, 743
14,921
444
427
448
19, 978
17, 856
16, 832
14, 702
1,292
1,310
1,187
1,174
4,005
3,022
9,575
9,573
September.
October
NovemberDecember. _
32, 786
36,236
36,147
51,062
1,573
1,787
1,864
2,162
15, 349
17,134
12, 788
389
488
478
12,052 1,083
14, 657 1,170
16,949 1,276
5,385
4,445
6,412
mo.
mo.
mo.
mo.
mo.
Thous.
of dolls.
Dividend payments
Total
diviAv.
dend Interest
Induspayand
paytrial Steam Street ments
interest ments
and
on
railrailTotal
paymiscel- roads ways indusments 3
lanetrial
ous
stocks
(qtly.)<
25, 894
94
30, 309
115
73,651
169
82,221
230
65,802
25, 428
81
20, 857
55
!148,103
148,948
155,426
177,919
199,095
248, 748 72, 750 47, 750
340, 850 106, 650 68,300
252, 300 86, 800 42, 800
308,130 120,800 90,000
$5.23
5.36
3.45
5.09
6.68
7.15
7.65
7.62
7.90
8.83
8.87
1928
January. _
FebruaryMarch
April
May..
June..
1
Compiled by Dun's Review; for annual data in greater detail, see April, 1924, issue 0 fthe SURVEY (NO. 32), pp. 57-59. Monthly data on total commercial failures from
19132appeared in December, 1923, issue (No. 28), p. 53; monthly data on all classes from 1921 appeared in June, 1924, issue (No. 34), p. 55.
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
reported. Monthly data for total dividend and interest payments covering the period 1913 to 1921 appeared in the September, 1922, issue (No. 13) of the SURVEY, p. 51
(figure
for July, 1917, should be $333,011 instead of $633,011); and for dividends classified, covering the same period, in the October, 1922, issue (No. 14), p. 46.
4
Compiled by the Cleveland Trust Co. up to the first quarter of 1927 and thereafter by the Chase Securities Corporation, representing average dollar dividends paid on
the industrial stocks included in the Dow-Jones index of stock prices, comprising 12 stocks from 1900 through 1914 and 20 stocks from 1915 through 1924. The figures are
unweighted averages of the amount of dividends paid per share for these stocks in each quarter, reduced to an annual basis. Quarterly figures extending back to 1900 appeared in April, 1925, issue (No. 44), p. 29.
fi Yearly data are quarterly averages.
133
Table 110.—CORPORATION PROFITS AND STOCKHOLDERS
(QUARTERLY)
NET PROFITS 1
Railroad
and
telephone
YEAR AND QUARTER
STOCKHOLDERS'
Pennsylvania
R. R. Co.
Industrial
II
is
Domestic
Millions of dollars
Foreign
U. S. Steel Corp.
(common stock)
Domestic
Foreign
Shares
held
by
brokers
Per ct.
of total
Number
American Teleph.
& Teleg. Co.
Domestic
Foreign
Number
1913 quarterly
1914 quarterly
1915 quarterly
1916 quarterly
1917 quarterly
1918 quarterly
1919 quarterly
av.
av_
av_
av_
av_
av.
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
31, 980
939
1,191
1,484
1,475
51.48
46.73
45.87
55.08
51.88
43.22
40.65
53, 205
56, 932
62, 279
67, 504
78, 597
96,035
115,482
1,041
1,175
1,270
1,187
999
1,143
1,239
1920 quarterly
1921 quarterly
1922 quarterly
1923 quarterly
1924 quarterly
1925 quarterly
1926 quarterly
1927 m o n t h l y
av
av
av
av
av___
av___
av
av.
126, 424
138, 450
136,181
138, 846
142, 718
144, 380
140, 954
142,178
1,500
1,743
2,869
2,847
2,925
1,300
1,341
1,380
1,431
1,557
1,511
1,587
1,599
30.35
22.45
24.36
22.76
22.97
26.31
28.01
26.23
131, 643
163, 703
217, 599
265, 638
322, 693
353, 217
377, 563
415, 734
1,267
2,013
2,298
2,644
2,911
2,877
88, 085
104, 621
97, 580
94,489
96, 081
91,043
87,467
91, 075
3,796
4,753
5, 248
1921
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
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
118
155
116
90
136,247
137,156
138, 581
141,348
2,814
2,843
2,852
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
136
102
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
143,224
2,939
2,966
2,981
92, 552
91,910
90,651
89,057
1,490
1,525
1,526
1,504
26.81
25.45
25.39
27.60
345,451
354,279
355,895
357,242
3,740
3,994
4,102
4,347
141,097
141, 365
140,153
141,202
2,931
2,909
2,892
2,913
89,102
92,031
84,287
84,447
1,575
1,618
1,572
1,582
29.92
24.10
29.01
362,093
368,410
385, 907
393,843
4,432
4,557
4,937
5,084
142, 593
141, 558
141, 938
142, 622
2,901
2,877
2,874
2,854
85, 529
1,599
1,604
1,653
1,539
27.59
26.53
25.69
25.11
412, 921
415,024
416, 695
418,295
5,190
5,267
5,287
5,247
$400
$246
246
283
$34
547
$120
104
150
184
1923
March
June...
September...
December. __
339
453
422
386
185
262
276
261
1924
March.
June
SeptemberDecember. _.
374
328
412
439
203
189
1925
March
June
September.. _
December. __
377
446
563
533
205
234
359
334
128
166
159
148
1926
March
June
__.
September...
December. _.
439
527
656
557
224
271
393
343
164
204
212
157
520
227
246
182
216
1927
March
June..
September..,
December.-.
36
$35
27
56
65
$12
13
14
18
$15
17
21
27
307
41
145, 583
141,725
19
74
109
95,351
94,756
1928
March..
June
I
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 accessories, 14 oil, 12 steel, 13 food, 10 metal and mining, 10 machine manufacturing, and 22 miscellaneous companies.
* These data showing the growth of stockholders in three prominent companies—a railroad, a public utility, and an industrial—have been furnished direct by the
respective
companies and represent the number of holders of common stock at the end of each quarter, i. e., December figures are for Dec. 31 or Jan. 1.
3
Dec. 31 figures; other quarters of 1915 not available.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
134
Table 111.—GOLD AND SILVER
SILVER
GOLD
YEAR AND MONTH
Imports i
Exports i
Thousands of
dollars
Mone- Domestary
tic
stock,
receipts3
end of 2 at
mint
month
Millions
of dollars
Stocks, end of
month «
Production '
Band
output 4
Fine ounces
Imports *
Exports 1
United
States
Thousands of
dollars
Canada
Price
in
New
York ^
Mexico United
Canada
States
Dolls,
per fine
ounce
Thousands of fine ounces
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
average.
average..
average_
average.
average.
$5,309
4,782
37, 663
57,166
46,038
$7, 650
18, 551
2,619
12,999
30,990
148, 050
155,083
157,830
133,597
112,495
732,779
698,275
757, 823
772,128
751,855
2,163
2,874
2,689
4,445
$5,231
4,300
1,467
5,883
7,011
5,567
6,038
6,247
6,201
5,978
.548
.497
.657
.814
1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly
average .
average.
average.
average.
average.
5,170
6,378
35, 729
57,604
22, 931
3,422
30, 682
26,841
1,991
3,073
$3,814
86,472
71,093
62,377
80,183
86, 314
701, 722
694,174
679,801
676,216
585,009
5,948
7,451
7,338
5,270
5,901
21,071
19,918
9,468
4,298
5,234
5,651
4,723
4,714
4,477
4,623
1,Q84
1,416
5,372
6,756
1,091
446
1.111
1.010
.621
.675
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average.
average.
average.
average..
average -
26, 893
26,643
10, 690
17,792
17,295
2,387
5,137
21,887
9,642
10,783
4,074
4,451
4,296
4,454
4,555
84,044
90,234
87,693
85,390
81,077
761,088
799,803
799,975
830, 238
844, 200
6,204
6,162
5,800
4,589
6,039
9,158
8,261
7,688
6,302
5,514
5,362
5,115
5,077
4,929
1,418
1,412
1,395
1,771
1,743
7,568
7,620
7,743
8,191
459
719
453
542
384
409
544
442
839
701
.621
.564
February.
March
April
19,351
25,416
43,413
13,116
3,087
3,851
4,225
17,884
4,412
4,423
4,442
4,438
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
1,126
1,636
1,920
1,373
5,562
8,707
9,192
7,612
5,162
5,043
5,171
4,954
927
1,025
395
336
749
819
648
961
.678
.668
.659
.644
May
June
July.....
AUgUSt.
2,935
18,890
19,820
11,979
9,343
3,346
5,069
29,743
4,433
4,447
4,471
4,473
4,872
5,628
5,949
5,988
7,931
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
392
97,426
849, 214
852,145
860,134
843,854
6,134
821
575
693
546
772
738
.651
.655
.648
.624
SeptemberOctober
November .
December..
15,987
8,857
16, 738
17,004
23,081
1,156
7,727
7,196
4,466
4,473
4,477
4,492
111, 657
108, 741
104,230
88,307
839,939
853,296
840,276
836,157
7,203
5,098
3,941
4,430
7,243
7,279
6,794
5,610
4,860
5,114
4,757
5,637
1,926
2,030
1,742
1,639
7,632
9,612
9,883
9,352
336
543
242
326
775
1,343
1,085
941
.606
.545
.541
.535
1937
January...
February.
March
April
59,355
22, 309
16,382
14,503
14,890
2,414
5,625
2,592
4,564
4,586
4,597
4,610
80,777
65,999
73,822
68, 531
839, 782
779,339
860,511
824,014
5,151
3,849
4,308
3,815
7,388
6,233
6,077
6,824
5,196
4,979
5,104
4,712
1,459
1,733
1,525
1,716
8,559
8,332
7,737
700
207
212
602
1,300
391
1,023
723
.558
.579
.553
.564
May....
June
July.....
August..
34,212
14, 611
10, 738
7,877
2,510
1,840
1,803
1,524
4,608
4,587
4,580
4,588
66,956
66,411
91,428
91, 245
859,479
855,154
851,861
863,345
5,083
4,790
4,288
4,856
6,026
5,444
6,650
5,590
4,811
4,931
4,838
5,145
1,393
1,614
1,752
7,791
9,244
9,197
9,372
231
284
904
508
602
474
847
624
.563
.568
.564
.547
September .
October
November.
December..
12,979
2,056
2,082
10,431
24,444
10, 698
55,266
77,849
4,571
4,541
4,451
4,380
103, 240
97,103
91,840
75,575
842,118
855, 743
848,059
851,000
4,992
5,069
5,102
3,770
6,627
5,945
5,634
7,186
4,691
4,980
5,010
4,748
2,023
1,696
1,739
1,880
7,909
8,273
761
494
567
.554
.560
.575
.580
.647
1936
68,261
178
136
358
1938
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
Compiled by the Federal Reserve Board, consisting of gold held in the Treasury and Federal reserve banks plus the amount in circulation. Gold held abroad by Federal
reserve banks is included but gold in the United States earmarked for foreign account is excluded. The amount of minor coin is also included in the gold figures. Complete
details, with monthly data from 1922, are shown in the Federal Reserve Bulletin for December, 1927.
3 Domestic receipts of unrefined gold at U. S. mint from U. S. Treasury Department, Bureau of the Mint.
* Silver prices, representing daily averages for the month in the New York market and gold output from the Rand mines from the Engineering and Mining Journal.
5 Production of silver by mines and producers' stocks from American Bureau of Metal Statistics, except annual figures previous to 1921, which are from U. S. Department
of Interior, Geological Survey. The United States, Canada, and Mexico combined produced about 75 per cent of the world's output of silver in 1923. Production for both the
United States and Canada includes purchases of crude silver by the mints in each country. Canadian production is incomplete, as the silver contained in blister copper,
lead bullion, and lead and zinc ores exported is omitted. Mexican production is reported to the bureau by the Mexican Government, and covers refined silver received at
the mint for coinage, refined silver exported, and silver content of base bullion, blister copper, ore concentrates, etc., exported. Detailed data are contained in the bureau's
monthly reports. Monthly data from 1921, except on production in the United States, appeared in the February, 1927, issue (No. 66), p. 25.
135
Table 112.—FOREIGN EXCHANGE AND CANADIAN TRADE
EUROPE
YEAR AND MONTH
England
France
Italy
Bel- Nether-i
Switgium 3 lands Sweden zerland Japan
CANADIAN
FOREIGN TRADE
THE AMERICAS
ASIA
India * Canada
Argen- Brazil
tina
Chile
Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per
pound
gold
yen
belga guilder krone
franc
dollar
rupee
milreis paper
lire
sterling franc
peso
peso
$0.402
1.268
Par v a l u e . _ .
1914 m o n t h l y
1915 m o n t h l y
1916 m o n t h l y
1917 m o n t h l y
1918 m o n t h l y
1919 m o n t h l y
$4.87
4.93
4.78
4.76
4.76
4.76
4.43
).193
.199
.182
.170
.174
.178
.137
).193
.195
.169
.155
.137
.134
.114
$0.139
av..
av_.
av_.
av_.
av..
av_.
.640
.394
.255
1920
1921
1922
1923
1924
1925
1926
1927
av..
av..
av..
av_.
av_.
av_.
av_.
av_.
3.66
3.85
4.43
4.57
4.42
4.83
4.86
4.86
.070
.075
.082
.061
.052
.048
.033
.039
.050
.043
.048
.046
.044
.040
.039
.052
.370
.370
.385
.260
.230
.240
.172
.139
.344
.336
.385
.391
.382
.402
.401
.401
.205
.225
.262
.266
.265
.268
.268
1925
September _.
October
November..
December...
4.85
4.84
4.85
4.85
.047
.044
.040
.037
.041
.040
.040
.040
.220
.225
.225
.225
.402
.402
.402
.402
.268
1926
January
February. _.
March.
April
4.86
4.86
4.86
4.86
.037
.036
.034
.040
.040
.040
.040
.225
.225
.210
.185
.402
.401
.401
.402
May
June
July.__.
August.
4.86
4.87
4.86
4.86
.032
.029
.025
.028
.039
.037
.034
.155
.150
.220
.140
.402
.402
.402
.401
September.
October
November.
December..
4.85
4.85
4.85
4.85
.029
.029
.034
.040
.037
.041
.042
.044
.135
.140
.139
.139
.401
.400
.400
.400
1927
January
February.. _.
March
April
4.85
4.85
4.85
4.86
.040
.039
.039
.043
.045
.050
.139
.139
.139
.139
May
June
July
August..
4.86
4.86
4.86
4.86
.039
.039
.039
.039
.054
.056
.055
.054
September.
October
November.
December..
4.86
4.87
4.87
4.88
.054
.055
.055
.054
monthly
monthly
monthly
monthly
monthly
monthly
monthly
monthly
.039
.039
K487
.194
.187
.191
.211
.229
.190
.491
.495
.507
.513
.533
.512
.174
.191
.181
.182
.193
.193
.193
.504
.482
.478
.486
.412
.410
.471
.474
.193
.193
.193
.268
.268
.408
.410
.423
.432
$1.000
$0.965
$0. 324
s $0,122
.403
.956
.941
.964
.997
.999
.990
.234
.236
.249
.253
.267
.226
.389
.262
.287
.311
.318
.363
.364
.363
.893
.896
1.000
1.000
1.000
.907
.730
.818
.786
.781
.914
.922
.963
.225
.131
.129
.102
.109
.122
.145
.118
.366
1.000
1.001
1.001
1.000
.917
.934
.944
.942
Imports
Exports
Thousands of dollars
$55,934
51,600
37,996
42,350
70,538
80,294
76,643
$31,422
37,953
39,287
64,858
98,268
132,181
105, 730
.185
.121
.122
.122
.105
.116
.121
.121
88,711
103,347
62, 317
66, 882
74,428
66,411
77,278
107,222
100,869
62,827
78,858
88,230
90,113
110,725
105,631
.135
.148
.146
.142
.120
.121
.122
.122
78, 663
80,800
75,286
76,918
109,574
144,520
141,359
176,399
.941
.933
.903
.148
.148
.145
.140
.120
.121
.121
.121
69, 736
70,909
100, 934
67,801
85, 716
88,931
114,007
60,915
.193
.193
.193
.193
.442
.454
.454
.367
.368
.366
.362
.997
.996
1.000
.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
89,670
93,081
119,399
111, 595
91,663
.484
.487
.491
.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
.999
1.001
.947
.960
.962
.117
.118
.119
.118
.120
.120
.120
.120
78,806
74, 707
110, 617
74,298
85,266
79,803
107,218
78,404
.267
.267
.267
.193
.193
.193
.400
.400
.400
.400
.267
.267
.268
.193
.192
.192
.192
.491
.484
.363
.363
.361
.139
.139
.139
.139
.400
.401
.401
.401
.268
.192
.192
.193
.193
.471
.467
.471
.473
.362
.362
.361
.361
1.001
.999
.999
.962
.964
.966
.968
.118
.118
.118
.118
.120
.120
.120
.120
94,412
101,018
90, 598
99,348
111, 298
107,201
80,771
95,955
.139
.139
.140
.140
.401
.402
.404
.404
.269
.269
.193
.193
.193
.193
.468
.466
.460
.462
.363
.364
.365
.367
1.001
1.001
1.001
.999
.971
.972
.971
.972
.119
.119
.119
.120
.121
.122
.122
.122
91,803
93,936
94,312
83,263
99,335
105,821
155,521
132,190
.270
1928
January
February. __
March
.
April
May_
June.
1 Daily averages of noon rates for cable transfers reported to the Treasury daily by the New York Federal Reserve Bank. Average figures for the years 1914 to 1918,
inclusive, where given, are weekly averages of commercial quotations from the Annalist. Monthly figures on all items back to 1920 may be found in the May, 1922, issue
(No. 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
year ending Mar. 31 of the year indicated.
* Parity established November, 1926. Prior thereto, the average values of the Belgian franc have been multiplied by 5 to obtain an equivalent quotation for the belga.
On this basis, the present belga was equivalent to 96.5 cents at the old pre-war par of the franc.
* Parity established October, 1920. Prior to that, par value of the rupee was 32.44 cents.
a Parity established January, 1926. The average value of the paper peso in 1913 was 19.5 cents.
136
Table 113.—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
6,493
9,074
8,220
$15, 351
12, 449
3,746
485
13
$4,610
4,601
4,297
5,020
3,040
$22,663
23, 949
21, 525
25, 457
23, 340
$32, 485
36, 783
42, 455
54, 870
72, 665
$11,844
13, 669
14, 800
19, 771
34, 473
$16, 522
19,127
26,857
35, 634
49,902
$2,131
4,690
7,890
9,691
14, 855
$26, 344
26, 265
30, 489
50, 865
71,455
$8, 245
8,808
9,026
15,174
21,139
$1,978
1,638
2,887
5,158
6,089
$149, 383
149,106
148, 216
199, 303
246,039
26, 510
62, 544
102, 320
63, 745
82, 600
4,959
10, 318
13, 805
11, 824
11, 901
884
7,403
6,690
9,791
2,028
4,922
6,280
5,191
5,328
12,385
25, 766
42, 821
19, 900
29, 739
81, 218
6,481
138, 555
62,904
68, 538
37, 641
41, 225
50, 989
27, 953
30, 337
50,911
57, 294
63,417
24, 635
29, 897
19,032
16, 597
17, 315
4,994
7,140
86, 837
99, 696
123,058
54,447
72, 955
25,162
34,154
34, 548
20,939
29, 525
7,126
9,349
12, 524
3,365
5,410
252,601
325, 364
439, 873
209, 096
259,396
96, 421
91, 341
103,182
107,155
12, 468
12,303
13,120
12,668
13,433
11, 605
13, 679
16, 541
7,689
6,251
8,517
8,377
33, 673
30, 539
34, 392
31, 933
83,460
82, 930
81,711
84, 298
34, 667
33, 262
37, 853
39, 657
38, 952
38, 840
43, 233
47, 332
9,606
6,275
6,681
7,422
89, 918
81,638
116,411
122, 421
28, 912
28, 338
32,011
33, 391
7,255
6,083
7,679
8,035
316, 006
300,830
352, 216
369, 241
1925
September
October
November. __
December
100,605
115,692
118,005
115,630
12,843
15,469
14,491
15,258
15,067
15, 703
15, 701
21, 286
6,722
9,678
9,323
9,452
31, 526
37, 733
42, 348
36, 746
76,160
81,950
75,847
78,827
37,356
47,121
43,217
42,165
44, 241
38,985
43, 319
47, 805
5,603
4,003
6,714
7,146
123,410
133,941
131,472
144, 389
47,970
39,078
37, 242
39,177
5,538
3,506
7,788
349,954
374,074
376,431
396, 640
1926
January
February
March
April
111, 176
104,939
116, 893
104,318
12,080
14,497
11, 632
16,124
16, 549
18,259
16, 710
8,555
6,774
6,959
7,640
34, 615
37, 276
37,105
33,178
73, 564
87,031
97, 531
90, 928
35, 667
37, 657
40, 343
38,434
53, 518
51, 310
63, 591
51, 628
7,678
9,411
12, 677
8,027
162,116
132,435
153, 247
139,922
40,407
33,017
22,901
32,309
16, 379
11, 591
11,638
11,115
416, 752
387, 306
442,498
397, 912
May
June
July
August..
89,449
104, 765
95,153
105, 873
8,759
10,052
10,189
12,047
14,412
15,136
15, 418
18, 309
7,420
7,924
6,735
7,084
24,401
31, 591
27, 323
27, 347
79,045
83,921
78, 699
80,013
35,146
37, 394
39, 696
38,912
36, 698
40, 384
41,051
44, 623
6,933
7,365
5,088
5,832
110, 984
99,848
117, 336
101,101
24,810
24,453
35, 528
37,397
4,740
7,332
6,721
4,867
320, 919
336, 251
338,960
336,477
September .
October
November.
December..
108, 663
117, 327
114, 453
112,855
14,443
15, 913
15,023
14, 578
17, 205
17, 728
16,037
16, 606
8,427
10, 205
13,155
9,648
29, 799
33, 601
34, 316
32, 645
77, 969
92, 889
88, 752
81, 229
40, 345
45, 782
44,607
41,897
42,129
50, 382
44, 587
48,078
5,716
7,765
7,338
5,229
110,321
112, 728
119,199
109,814
37,838
39,912
36,968
35,156
4,120
3,542
6,890
7,486
343,
376,
373,
359,
1937
January
February
March..
April
100,140
91,340
113,507
107, 517
12, 572
14,195
14,067
13,454
15,908
13,246
16,386
17,817
9,011
6,713
8,735
11,061
21,428
25,693
33,860
27, 762
71, 993
79, 946
90,050
86,436
37,563
31, 972
38, 995
36,135
45,007
43,977
47, 328
7,542
6,700
8,380
128, 911
89,161
115,659
125,134
37,188
23,264
31,964
10, 790
6,453
11, 787
9,752
356,841
310, 877
378, 331
375, 734
May
June
July
August-
99, 724
100, 837
96, 651
110,169
11,158
12,908
11,820
14, 729
14,145
14,153
16,148
17,837
9,006
8,499
7,896
8,578
31,469
29, 591
29, 343
33,038
85,976
89,836
77, 830
82,865
39, 537
40, 578
38,158
39,973
36, 637
40, 365
37, 631
46, 401
6,581
8,921
6,771
9,694
118,893
115, 380
100, 261
123, 707
33,097
36,035
30,025
47,482
5,272
8,474
6,925
5,677
346, 501
354, 892
319, 298
368,820
September.
October
November .
December..
113,446
123, 513
116,089
15,923
18,156
15,462
20,162
20,847
18,400
8,585
11, 374
10, 697
29, 721
33,099
33, 885
77, 784
84, 727
41,902
44, 646
45,070
38, 293
43, 268
45, 593
10,017
8,536
8,279
105,979
98, 996
95, 560
35, 369
33,973
25,637
6,651
5,071
6,124
342,154
355,575
344,263
average.
average.
average.
average.
average.
$72,056
65, 293
45, 529
52, 776
45, 929
$11, 578
1918 monthly average.
1919 monthly average.
1920 monthly average.
1921 monthly average.
1922 monthly average.
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
average.
average.
average.
average.
average.
202
868
881
462
1928
January.
February
March.._____
April
May_
June.
1
Compiled by the TJ. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent imports of merchandise only. Up to and including May,
1921, import values represented "actual market value or wholesale price at the time of exportation to the United States, in the principal markets of the country from whence
exported, including the value of all containers and coverings, whether holding liquids or solids, and all other costs, charges, and expenses incident to placing the merchandise,
in condition, packed ready for shipment to the United States." (Tariff act of 1913.) Beginning with June, 1921, the import values are either the actual foreign market
value as denned above, or "the export value, including any export tax imposed by the country of exportation," whichever is higher. (Emergency tariff act of May 27,1921.)
137
Table 114.—EXPORTS BY GRAND DIVISIONS
TO NORTH
AMERICA
TO EUROPE
YEAR AND MONTH
Total
France
Germany
Italy
I
United
Kingdom
Total
Canada
TO SOUTH
AMERICA
Total
Argentina
TO ASIA AND
OCEANIA
TO
AFRICA
GRAND
TOTAL
Total
Japan
Total
Thousands of dollars
$6, 556
8,161
22, 477
25, 294
34, 920
$49, 228
49, 984
99, 870
157, 282
167,450
$50, 098
40,132
46, 567
77, 046
105,081
$33, 599
25,885
28, 754
50, 409
69, 077
$12, 210
7,584
12, 011
18, 356
25, 991
$4, 582
2,261
4,403
6,406
8,925
$17, 319
14, 700
20, 009
39, 211
45, 567
$5, 208
3,479
3,811
9,096
15, 528
$2, 411
2,110
3,095
4,501
4,282
$207, 002
176,135
296, 223
456, 887
519, 459
7,730
25, 953
31, 027
26, 343
41, 015
36, 890
30, 980
17, 955
12, 575
171, 774
189, 88:0
161,319
78, 510
71,319
110, 457
107, 983
160,764
94,132
76,305
73, 906
61,187
8,759
12, 992
17, 811
9,236
7,962
50, 250
74, 775
49,473
48, 057
25, 226
36, 812
51, 993
22, 777
18, 840
53, 782
45, 910
22, 815
30, 530
31,495
19, 620
18, 200
4,933
8,160
13, 806
6,071
4, 648
512,424
660,035
685, 668
373, 753
319,315
22, 678
23,472
23,358
22, 000
26,403
36, 702
39,195
30, 347
13, 961
15,595
17, 096
13,117
73, 527
81, 912
86,155
81, 051
90, 514
90, 837
94,863
98, 040
54, 327
52, 003
54, 064
61, 547
22, 443
26,188
33, 551
36, 959
9,758
12, 397
11, 965
54, 827
55, 925
56, 340
64, 771
22, 019
20, 859
18,137
21, 730
5,056
5,858
7,421
8,440
347, 291
382,582
409,154
400, 722
229, 704
282, 669
237, 642
246,177
20, 495
34, 051
29,560
28, 218
52, 202
56, 481
39,120
35,983
12, 803
17, 392
16, 766
17, 480
91,687
121,393
107, 247
114,934
101, 586
96, 484
93,159
95,412
62,100
55, 798
53, 065
50, 902
31,132
34, 991
43,548
9,661
12,144
13, 230
16,871
53, 076
73,421
73,443
73,307
18, 029
33, 442
30, 027
27,100
7,009
6,861
8,568
9,862
420,368
490,567
447,804
468,306
1926
January. __
February.
March
April
199, 796
171, 986
164, 383
175, 867
29,731
21, 728
24,000
21, 924
25,538
22,179
14,382
12,823
12, 260
14,811
82,159
75, 834
67, 941
70,614
84, 795
82,525
100,565
99, 239
47,437
45, 944
62, 450
56, 714
37, 775
35, 268
35, 412
37,181
14,938
10,886
11, 878
10,878
66,168
56, 097
65, 755
66,461
23,048
18,934
22, 251
21,000
8,302
7,032
8,292
9,226
396,836
352, 905
374,406
387, 974
May
June
July....
August _
145,101
144,349
168, 047
186,040
19, 084
14, 802
12, 769
14,896
21, 202
20,154
20, 366
27, 950
11, 805
10, 661
12, 201
10,817
55, 500
62, 638
77,446
73,481
111, 243
99,302
35,342
30,126
37, 299
34, 288
10, 644
9,770
11,464
11,724
57, 567
57,490
54,434
53, 654
18, 752
101, 911
101,627
76,116
65,001
66,100
69,103
17, 805
14, 255
7,447
6,767
8,625
8,840
356, 699
338,033
368, 317
384,449
September.
October
November .
December..
224, 263
235, 313
247, 571
249,428
19, 006
29, 214
28,852
27, 998
44,437
46, 958
42,164
50, 753
11, 309
14,945
14,195
17,193
93, 722
97,529
111, 329
104,413
101, 665
102,790
100,244
90,577
64,309
68, 311
61,816
55,267
41,558
32, 633
43,309
43,318
13, 252
10, 736
13,289
71,159
75,417
79,227
73,821
21, 753
27, 724
30,159
28,174
9,427
9,148
9,948
8,225
448, 071
455, 301
480,300
465, 369
1927
January...
February.
March
April
211, 038
174, 360
187, 441
187,598
20,302
13, 507
17,269
17,069
40,257
35,762
36, 985
35, 999
13,238
9,881
10,317
9,599
89,818
70,461
72,791
64, 671
88,054
87, 250
101,062
110,551
50,718
53,984
65, 945
74,459
44, 584
31,995
38,415
39,623
15,355
10,532
12, 577
13,306
71,304
74, 056
67, 030
22, 700
22,971
28, 623
20, 985
9,680
7,756
7,999
10, 572
419,402
372, 666
408, 973
415,377
May
June
July
August.
172, 064
155,328
143,149
168, 282
18,086
14, 907
11,411
14,403
31,367
29, 941
24,133
30,239
8,352
61, 638
56,103
52, 789
57,670
120,057
108, 072
98, 724
109, 058
83,978
74, 312
64,772
75,241
33,947
31,468
36,034
38, 391
12, 388
11,389
15, 239
15, 678
59, 203
54,333
54,318
50,492
18, 550
13,698
15,190
12,199
7,869
7,764
9,584
8,527
393,140
356,966
341,809
374,751
September.
October
November.
December. .
211,689
254, 417
241,152
21, 074
29, 050
28,498
51,831
62, 637
58, 015
72, 462
89, 959
79, 206
118, 505
114, 574
105, 744
85, 725
80, 694
69, 344
33, 865
32, 719
39, 507
12,977
13,640
15, 241
52,903
77, 037
64, 733
17,923
33, 712
27,818
8,247
9,889
9,097
425, 208
488,635
460,235
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
average.
average _
average.
average _
average _
$124, 964
111,608
214, 451
317, 773
338, 538
$12, 827
14,175
41,733
71, 735
78, 399
1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly
average.
average.
average.
average.
average _
321, 558
432, 306
372,174
196, 992
173, 613
77, 600
74,447
56, 349
18, 745
22, 247
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average _
average.
average.
average.
average.
174, 451
203, 775
216, 979
192, 512
1925
September
October
November
December
$29,328
13,191
981
188
21,116
21,345
7,940
9,332
8,169
14,494
14, 927
14,116
1928
January.. _
February.
March
April
May_
June.
1
Compiled by the U. S. 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.
* Total for year 1917 is $3,275. Nofiguresfor 1918.
138
Table 115.—IMPORTS AND EXPORTS BY CLASSES OF COMMODITIES
IMPORTS
YEAR AND MONTH
Total
Crude
materials
EXPORTS
FoodFinSe mistuffs, Manuished
faccrude, tured
ni ami- manuand
facfoodfacfood
tures
tures
animals stuffs
Total
Crude
materials
Foodstuffs, ManuSemifaccrude,
tured manuand
facfoodfood
tures
animals stuffs
Finished
manufactures
Thousands of dollars
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
average..
average.
average.
average.
average.
149,383
149,106
148,216
199,303
246,039
50,462
49, 790
57,991
84,132
105, 682
18,413
19, 561
20,242
21, 678
32,144
16, 518
21, 378
22,770
28, 226
29, 287
28, 355
23,006
21, 748
34, 822
45,124
34,401
33, 936
24,335
28, 798
32,327
204,024
172, 675
291,104
451, 887
513,934
64,017
40,938
47,280
60,118
65,061
14,121
22,939
38,470
35,107
42,406
27,023
25, 727
45, 880
54,003
67,228
33,066
27,949
39, 641
76,022
109. 835
65,120
53, 243
109, 584
218, 780
225,066
1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly
average.
average..
average..
average..
average..
252,601
325,364
439,873
209,096
259,396
101, 760
139, 521
146,073
71,090
96, 381
28, 795
45,441
48,136
25, 331
27, 660
33,114
46,308
103,179
30, 737
32, 290
54,080
50, 860
66, 835
28, 669
45, 793
33, 742
41,028
73,094
51, 577
55, 642
503, 990
645, 818
673,402
364,911
313, 776
79,432
134,178
155,902
81,997
81, 800
45,620
56,530
76, 498
57, 687
38,212
117,152
163, 551
93,080
55,805
48,965
87, 773
76, 854
79,909
33,270
36,484
172,437
213, 625
267,032
135,497
107, 720
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
average.
average..
average..
average..
average..
316,006
300,830
352,216
369,241
115, 737
103,008
145,672
149,405
133,447
30,234
35,406
41,233
44,980
42, 048
44,134
43,467
36,076
34, 793
37, 549
59,976
54, 657
62,924
67,024
62, 464
64,212
62,446
66,311
73, 039
73,190
340, 893
374,804
401, 560
392, 643
396, 519
100,170
110, 528
118, 505
105,110
99, 399
21,457
32, 724
26,491
27,922
35,092
47, 791
47,813
41,917
38,614
46,977
50,889
55,140
54, 629
58,320
123,147
132, 338
153, 695
163, 065
165,101
May___
June
July....
August.
327,519
325,216
325, 648
340,086
136,241
130,227
125,483
142,385
34,168
35,733
42,368
36,947
39,900
37,704
34,095
29,783
56, 351
59,084
58, 791
65,304
60,859
62,468
64,911
65, 666
362,285
315, 676
331, 674
372,456
65,973
52, 578
56,854
71,830
33,625
21, 879
22,546
28,561
41,161
43,077
43,346
47,516
58, 818
54, 388
57, 782
52,145
162, 708
143, 754
151,146
172, 404
September..
October
November..
December..
349,954
374,074
376,431
396,640
148,243
153,702
168,084
179,247
45,168
44,277
46,413
48,163
33,278
33,193
29, 341
28,248
58,129
65,669
62,093
67,406
65,136
77,233
70,499
73, 575
412, 729
482,880
439, 658
459,163
132,330
210,313
173, 723
153,316
34, 632
19, 312
19,485
21,187
52,206
51.473
46,972
52, 674
50,143
50, 737
49, 872
55, 819
143,418
151,045
149,606
176,167
January. _
February.
March
April
416, 752
387,306
442, 898
397,912
201,092
172,808
197,775
164,896
48,633
42,110
51,103
47,122
28,825
36,026
40,152
39,248
71,412
73,086
75,327
70,608
66,790
63,275
78,542
76,037
387, 763
345, 791
364,922
379,299
113,925
89, 316
82,959
80,499
15,845
12,172
15, 596
14, 569
47,792
41, 837
40, 516
38,166
51,852
47,914
53,527
57,884
158,349
154, 552
172, 324
188,181
May
June
July___.
August.
320,919
336,251
338,960
336,477
128,408
122, 540
131,299
124,289
35,909
42,161
42,189
42,050
32,929
36,025
29,222
30, 557
61,206
64, 679
65, 687
64, 308
62,467
70,847
70,562
75,273
348,157
328, 653
360,451
378,325
67, 379
63,230
72,006
75, 790
25,155
21,085
33,908
50,088
34,060
34,227
35,412
42,761
50,782
54,971
53,135
53,223
170, 781
155,140
165,990
156,463
September..
October
November..
December..
343,202
376,8tf8
373,881
359,462
135,096
135,021
141,136
138,502
39,102
50,315
49, 675
49, 388
32, 581
40,623
39, 516
31,809
62, 673
64,728
65,917
64, 654
73, 749
86,182
77, 637
75,110
440,211
448,226
473,494
456,429
120, 593
167,096
168, 594
169,936
46,487
35, 658
37,463
27,036
47,835
47,457
44,973
47,969
55,128
52, 756
61,724
62,651
170,168
145, 259
160, 740
158, 837
356,841
310,877
378, 331
375,734
153,113
114,883
151, 319
152,906
44,081
42,725
42,979
43,045
26,947
39,815
46,133
46,876
65,974
52,051
64,628
64,537
66, 726
61,402
73, 272
68,370
411, 649
364, 613
405,001
122,509
102,811
107,411
85, 824
24,406
18, 758
19, 978
31,514
41,016
38, 522
37,188
39,192
61, 339
53,120
57,840
59,411
162,379
151,402
175, 829
189,060
May
June
July....
August.
346,501
354,892
319,298
368,820
135,718
137,511
121,185
144, 232
37,103
39, 619
34, 269
42, 656
39,392
42,172
35,076
35,471
63, 780
60,384
61, 523
66, 691
70,448
75,207
67,244
79, 770
382, 385
348, 546
332,994
367, 575
74, 831
63, 349
55,023
55,135
30, 684
25, 207
21,910
46, 771
36, 933
36,355
31, 277
34,160
60,958
62,485
59,354
59, 786
178,979
161,150
165,429
171, 723
September..
October
November..
December..
342,154
355, 744
344,267
330, 920
130, 660
119, 221
118,394
122,219
33,190
44,194
49,146
51, 505
33,016
41,348
36,123
28, 224
63,094
67,807
60,091
59, 012
82,194
83,173
80,512
69, 962
416,472
480,347
452,023
398, 377
102,145
160,281
145,889
117,574
69,429
62,425
46,723
23,303
38, 562
45, 643
42,425
42, 091
54, 791
55,001
56,136
59,622
151,545
157,084
160,850
155, 786
1925
1926
January. _.
February..
March
April
1927
1928
January. _.
February..
March
April
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.
139
SOURCES OF DATA
[Only sources presenting current material are given here: Sources of data used to fill gaps in early figures are noted in their respective detailed tables, thus making this table
a complete record of current source material for the SURVEY]
CURRENT PUBLICATION 1
DATE OF PUBLICATION
I.-REPOETS 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 ATLANTA..
FEDERAL RESERVE BANK OF BOSTON...
FEDERAL RESERVE BANK OF CHICAGO
FEDERAL RESERVE BANK OF MINNEAPOLIS..
FEDERAL RESERVE BANK OF N E W Y O R K . . . .
FEDERAL RESERVE BANK OF PHILADELPHIA.
FEDERAL , RESERVE BOARD
ILLINOIS DEPARTMENT OF LABOR
INTERSTATE COMMERCE COMMISSION-
MASSACHUSETTS D E P T . LABOR AND INDUSTRY.
MASSACHUSETTS D E P T . PUBLIC UTILITIES
N E W JERSEY D E P T . LABOR
_.
N E W YORK STATE D E P T . LABOR
N E W YORK STATE D E P T . PUBLIC WORKS
PANAMA CANAL
TEXAS STATE COMPTROLLER
U. S. CIVIL SERVICE COMMISSION..
U. S. DEPARTMENT OF AGRICULTURE:
BUREAU OF ANIMAL INDUSTRY
BUREAU OF AGRICULTURAL ECONOMICS...
BUREAU OF PUBLIC ROADS.
U. S. DEPARTMENT OF COMMERCE:
BUREAU OF THE CENSUS
Flaxseed exports from Argentina
Tea stocks in United Kingdom
Employment in Canadian trade-unions
Operations of Canadian employment service
Foreign trade of Canada
Canadian railroad operations
Canadian iron, steel, coal, flour production, etc..
Canadian electric power production
Agricultural loans by land and credit banks
Refined sugar shipments
Installment sales of New England department
stores.
Agricultural machinery
Retail sales of lumber by rural yards
Housing rental advertisements
Foreign exchange rates
Corporation profits
Employment in Pennsylvania and Delaware
Employment and payrolls, anthracite mines
Debits to individual accounts
Condition of Federal reserve banks
Condition of reporting member banks
Monetary gold stocks
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
Sulphur production
Government employment in Washington, D. C.
Estadistica Agro-Pecuaria.
Board of Trade Bulletin
Labour Gazette (Canadian)
Labour Gazette (Canadian)
Foreign trade of Canada
Operating Revenues, etc., of Railways*
Press releases*
Press releases*.
Not published currently...
Monthly Business Review.
Monthly Review
Semimonthly.
Semimonthly.
Monthly.
Monthly.
1st of month.
1st of month.
Business Conditions
Business Conditions
Business Conditions
Fed. Res. Bull, and daily statement*
Monthly Review
Business and Financial Conditions
Business and Financial Conditions
Fed. Res. Bull, and weekly press releases*.
Fed. Res. Bull, and weekly press releases*.
Fed. Res. Bull, and weekly press releases*.
Federal Reserve Bulletin
__
Federal Reserve Bulletin
_.
1st of month.
1st of month.
1st of month.
Daily and monthly.
Quarterly.
1st of month.
1st of month.
Sun. papers and monthly.
Fri. morn, papers and mo.
Fri. aft. papers and mo.
Monthly.
Monthly.
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
Business and Financial Conditions
Labor Market Bulletin and press releases*
Annual report
_
The Panama Canal Record
Press releases
Not published
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Beef, pork, and lamb production
Crops
Prices of farm products to producers
Crops
Wool stocks in dealers' hands and wool prices... Crops
Crop production..
_
Crops
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
Monthly.
and
and
and
and
Markets
Markets
Markets
._
Markets and pres:
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.
Monthly.
Monthly.
Yearly.
Last weekly issue of month
Quarterly.
Monthly supplement.
Monthly supplement.
Monthly supplement.
1st of mo. (cotton); and
10th (other crops).
Monthly supplement.
Monthly supplement.
Weekly.
Quarterly.
Monthly supplement.
Monthly supplement.
Monthly.
Monthly.
Monthly.
Cotton ginned.
Semimo. during season.
Preliminary report on ginnings*...
15th of month.
Cotton consumed and on hand
Preliminary report on cotton consumed .
20th of month.
Wool machinery and cotton spindles*...
Active textile machinery
First week of month.
Leather, hides, shoes, gloves, production, e t c . . . Census of hides, skins, and leather*
30th of month.
Press release*
Leather gloves and mittens
18th of month.
Preliminary report on cottonseed*
Cottonseed and cottonseed oil
30th of month.
Press release*
__
Hosiery production, stocks, etc
30th of month.
Press release*
Knit underwear production, etc.
30th of month.
Press release*
Men's and boys' and work clothing
30th of month.
Press release*
Malleable castings
30th of month.
Press release*
_
Wheat flour production from May, 1923
One month after end of qtr.
_
Wheat and wheat flour stocks
._. Press release*
30th of month.
Press release*
Pyroxylin coated textiles
20th of month.
Press release*.
Stokers, sales from January, 1923
Statement on stocks of leaf tobacco*
One month after end of qfcr.
Stocks of tobacco
Press release*
_
30th of month.
Wool consumption and stocks
Press release*
30th of month.
Steel barrels
_
Press release*
_
20th of month.
Fabricated steel plate, new orders
Press release*
30th of month.
Box board
Press release*
One month after end of qtr.
Electrical goods, new orders
One month after end of qtr.
Press release*
Electric locomotives, mining and industrial
15th of month.
Press release*
Electric industrial trucks and tractors
30th of month.
Floor and wall tile
Press release*
Press release*
20th of month.
Fire extinguishers.
_
30th of month.
Press release*
Galvanized sheet metal ware
Press release*
25th of month.
Babbitt metal consumption
30th of month.
Press release*
Floor and wall tile
20th of month.
Press release*
Enameled sanitary ware
25th of month.
Press release*
Vitreous china plumbing fixtures
One month after end of qtr.
Fats and oils, production, consumption, stocks. Statistics of fats and oils*
Press release*
Glues and gelatin, production and stocks
30 days after end of qtr.
20th of month.
Press release*.
Fabricated structural steel
20th of month.
Automobile production from July, 1921
Press release*
30th of month.
Wood chemical operations, crude and refined.._ Press release*
20th of month.
Steel castings, new orders and production
Press release*
25th of month.
Steel furniture, shipments
Press release*
20th of month.
Porcelain plumbing fixtures.
Press release*
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.
140
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
COMMERCE.
AND DOMESTIC
BUREAU OF M I N E S .
BUREAU OF NAVIGATIONBUREAU OF STANDARDS
U. S. PATENT OFFICE
TJ. S. DEPARTMENT OF THE INTERIOR:
GEOLOGICAL SURVEY
DIVISION OF NATIONAL PARKS..
U. S. DEPARTMENT OF LABOR:
EMPLOYMENT SERVICE
Locomotive shipments and unfilled orders
Earnings of public utilities
Plumbing goods price index
Domestic pumps and water systems
Water softeners, shipments
Terracotta, new orders
Steel boilers, new orders
Enameled sheet-metal ware
Index numbers of production, stocks, and unfilled orders.
Fish catch at principal fishing ports
All imports and exports
Fuel loaded for consumption by vessels
Vessels cleared
_
Ship charter rates index
_
World rubber stocks
Petroleum, crude and refined, production, etc__
Explosives, production, shipments, etc
Coal and coke production
Press release*.
Press release*.
Press release*
Press release*
Press release*.
Press release*.
Press release*
Press release*
Press release*
10th
30th
10th
30th
25th
15th
20th
30th
30th
Monthly statement
Monthly Sum. Foreign Commerce (Pt. I) 1 .
Not published
Monthly Sum. Foreign Commerce (Pt. II)
Commerce Reports
Pressrelease*
Petroleum statistics*
Explosive statistics*—.
Weekly report on production of coal*
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.
Employment agency operations..
Report of Activities of State and Municipal Employment Agencies.
Not published
Wholesale Prices of Commodities
Monthly Labor Review
Employment in Selected Industries
Statement of Postal Receipts*
Not published.
Not published
Daily Statement of the U. S. Treasury..
Circulation of money
Not published _
Not published.
Not published.
Every 4 or 5 weeks.
Immigration and emigration statistics
Wholesale prices and index
Retail price indexes
Factory employment, payroll, etc
Postal receipts
Money orders
Passports issued
Government debt, receipts, and disbursements..
Money in circulation from July 1,1922
Tax-exempt securities
_
,
Domestic receipts of gold at mint
_.
Oleomargarine, production and consumption of
ingredients.
Consumption of manufactured tobacco, snuff,
cigars, cigarettes, and oleomargarine.
Internal revenue taxes on automobiles
Ethyl alcohol, production, stocks, etc
BUREAU OF IMMIGRATION
BUREAU OF LABOR STATISTICS.
TJ. S. POST OFFICE DEPARTMENT.
U. S. DEPARTMENT OF STATE...
U . S. TREASURY DEPARTMENT..
BUREAU OF THE M I N T
BUREAU OF INTERNAL R E V E N U E .
U. S. W A R DEPARTMENT:
ENGINEER CORPS
Sault Ste. Marie Canal traffic
Ohio, Monongahela, and Allegheny Rivers,
cargo traffic.
Barge traffic on Mississippi River
Agricultural loans
Wisconsin factory earnings and employment
MISSISSIPPI-WARRIOR SERVICE...
W A R FINANCE CORPORATION
WISCONSIN INDUSTRIAL COMMISSION.
of month.
of month.
of month.
of month.
of month.
of month.
of month.
of month.
of month.
Middle of next month.
30th of month.
Monthly.
Second or third weekly
issue of month.
20th of month.
First weekly issue of
month (Mondays).
15th of month.
Monthly.
Monthly.
7th of month.
10th of month.
Last day of month.
Monthly.
Statement of Tax-paid Products*
First week of month.
Classified collections of Internal Revenue.
Not published..
25th of month.
Monthly statistical report..
Not published
Monthly during season.
Not published
__
Not published in form used
Bulletin on Wisconsin labor market*
15th of month.
II.—REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS
ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE.
AMALGAMATED ASSOCIATION OF IRON, STEEL,
AND T I N WORKERS.
AMERICAN BUREAU OF METAL STATISTICS
AMERICAN DRY M I L K INSTITUTE
AMERICAN ELECTRIC RAILWAY ASSOCIATION...
AMERICAN FACE BRICK ASSOCIATION
AMERICAN F U R MERCHANTS ASSOCIATION.
AMER CAN NEWSPAPER PUBLISHERS' ASSOCN..
AMERICAN IRON AND STEEL INSTITUTE
Shipments of abrasive paper and cloth
Not published.
Wages, steel workers, Youngstown district
Trade papers. _
Copper, silver, lead, arsenic
Powdered milk, new orders
Passengers carried, electric railways.
Face brick production, stocks, etc
Fur sales..
Stocks and consumption of newsprint paper..
Steel ingot production
Trackwork production
Sales of iron, steel and heavy hardware
Financial and trade papers..
Monthly report*
Aera.
Trends in the Face Brick Industry. _
Not published
Monthly report...
Press release to trade papers*
Trade papers
_.
Not published
AMERICAN IRON, STEEL, AND HEAVY HARD
WARE ASSOCIATION.
AMERICAN PAPER AND PULP ASSOCIATION.*.__ Paper and wood pulp production, e t c . .
Gasoline and kerosene consumption
AMERICAN PETROLEUM INSTITUTE
AMERICAN RAILWAY ASSOCIATION (Car Serv- Freight car surplus and shortage
ice Division).
AMERICAN WALNUT M F R S . ASSOCIATION
AMERICAN WASHING MACHINE MANUFACTURERS' ASSOCIATION.
AMERICAN ZINC INSTITUTE
ANTHRACITE BUREAU OF INFORMATION
ASPHALT SHINGLE AND ROOFING M F R S . ASSOCN.
ASSOC. CORN PRODUCTS MANUFACTURERS
ASSOCIATED
GENERAL
CONTRACTORS OF
AMERICA.
ASSOCIATION OF COTTON TEXTILE MERCHANTS.
ASSOCIATION OF LIFE INSURANCE PRESIDENTS.
_
Car loadings and bad-order cars and locomotives
Walnut lumber and logs
Washing machine shipments.
_
_
Production and stocks zinc, retorts operating..
Anthracite mine employment
Prepared roofing shipments
___
Corn ground into starch, glucose, etc
Indexes of construction costs and volume-
Monthly report*
..
Bulletin
Car Surpluses and Shortages*.
Information Bulletins*
Not published
Not published
Press release to trade papers*
Business and Financial Conditions (Phila.
Res. Bk.).
Not publisned
Not published
The Constructor
Cotton textiles, production, stocks, etc
Trade papers
Life insurance, new business, premiums and Financial papers.
assets.
Not published
BAND INSTRUMENT MANUFACTURERS' ASSOCN. Band instrument shipments
Not published
BINDERS BOARD MANUFACTURERS' ASSOCN... Binders board production
Receipts of wool at Boston.
_
Trade papers...
BOSTON GRAIN AND FLOUR EXCHANGE
Average railway receipts per ton-mile
Not published
BUREAU OF RAILWAY ECONOMICS
Passengers and tonnage carried 1 mile
Summary of operating statistics.
Redwood lumber production, etc
Not published...
CALIFORNIA REDWOOD ASSOCIATION
Not published
CALIFORNIA WHITE AND SUGAR P I N E ASSOCN. Sugar pine lumber production, etc
Not published
CASH CHECK MANUFACTURERS' ASSOCIATION. Cash checks, new orders
CENTRAL FABRICATORS ASSOCIATION
Fabricated structural steel, new orders and ship- Not published
ments.
*Multigraphed or mimeographed sheets.
i Imports and exports of gold and silver in Part II.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
Bimonthly.
Monthly.
Monthly.
Monthly.
7th of month.
Quarterly.
Weekly.
Weekly.
13th of month.
Monthly
Daily.
Monthly.
141
SOURCES OF DATA—Continued
CURRENT PUBLICATION
DATE OF PUBLICATION
II.—REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS—Continued
CHICAGO BOARD OF TRADE
...
COMMERCIAL LOCK WASHER STATISTICAL
BUREAU.
COMMON BRICK MANFRS. ASSOCN. OF AMERICA
COTTON-TEXTILE INSTITUTE
CREDIT CLEARING HOUSE__
ELECTRIC HOIST MANUFACTURERS' ASSOCN...
ELECTRIC OVERHEAD CRANE INSTITUTE
EMPLOYERS' ASSOCIATION OF DETROIT
ENAMELED SANITARY WARE M F R S . ASSOCN._
FELT MANUFACTURERS' ASSOCIATION
F I N E COTTON GOODS EXCHANGE. __
_
FOUNDRY EQUIPMENT M F R S . ASSOCIATION
GLASS CONTAINER ASSOCIATION. __
HARDWOOD MANUFACTURERS INSTITUTE
HYDRAULIC SOCIETY
ILLUMINATING GLASSWARE G U I L D . _
_
INTERSTATE M I L K PRODUCERS ASSOCIATION. __
LABEL MANUFACTURERS ASSOCIATION
LAKE SUPERIOR IRON ORE ASSOCIATION....
L I F E INSURANCE SALES RESEARCH BUREAU._
LOWER MICHIGAN LUMBER MANUFACTURERS.
MAPLE FLOORING MANFRS. ASSOCIATION
MINNEAPOLIS CHAMBER OF COMMERCE
MOTOR AND ACCESSORY MFRS. ASSOCIATION___
NATIONAL ASSOCIATION OF BUTTON M F R S
NATIONAL ASSOCIATION OF FINISHERS OF COTTON FABRICS.
NATIONAL ASSOCIATION OF GLUE MANUFACTURES.
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 T I N
PLATE MANUFACTURERS.
NATIONAL AUTOMOBILE CHAMBER OF COMMERCE.
NATIONAL BOILER AND RADIATOR ASSN
NATIONAL ELECTRICAL CREDIT ASSOCIATION _.
NATIONAL ELECTRICAL M F R S . ASSOCIATION.__
NATIONAL FERTILIZER ASSOCIATION
NATIONAL INDUSTRIAL CONFERENCE B O A R D . . .
NATIONAL MACHINE TOOL BUILDERS' ASSOCN..
NATIONAL PAPER BOX M F R S . ASSOCIATION
NATIONAL PAVING BRICK M F R S . ASSOCN
N E W ORLEANS BOARD OF TRADE
N E W ORLEANS COTTON EXCHANGE
N E W S PRINT SERVICE BUREAU
N E W YORK COFFEE AND SUGAR EXCHANGE...
N E W YORK METAL EXCHANGE
N E W YORK STOCK EXCHANGE
NORTH CAROLINA P I N E ASSOCIATION.__
_.
NORTHERN HEMLOCK AND HARDWOOD MANUFACTURERS' ASSOCIATION.
NORTHERN P I N E MANFRS. ASSOCIATION
OAK FLOORING MANFRS. ASSOCIATION.
OHIO STATE FOUNDRYMEN'S ASSOCIATION
PACIFIC CANNED FISH BROKERS' ASSOCIATION.
PAJERBOARD INDUSTRIES ASSOCIATION. _.
PHILADELPHIA M I L K EXCHANGE
PLATE GLASS M F R S . OF AMERICA.
—
PLYWOOD MANUFACTURERS' ASSOCIATION
PORCELAIN ENAMEL MANUFACTURERS'ASSOCN.
PORTLAND ASSOCIATION OF BLDG. OWNERS
AND MANAGERS.
PORTLAND CEMENT ASSOCIATION
RICE GROWERS' ASSOCIATION OF CALIFORNIA.:
Wheat, corn, and oats, receipts, etc..
Lock washer shipments
Common brick shipments, stocks, etc
Cotton yarns and cloth printed
Credit conditions, textile trade
Electric hoists, orders and shipments..
Overhead cranes, shipments, etc
Detroit factory employment
Enameled sanitary ware, orders, etc
Roofing felt production, stocks, etc
Fine cotton goods production
Foundry equipment, new orders, etc
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
Life insurance, new business, ordinary
Hardwood lumber, production, etc
Maple flooring production, etc
Linseed-oil and oil-cake shipments. _
Shipments of accessories and parts
Button stocks, activity, etc.
Finished cotton goods, billings, orders, shipments, and stocks.
Shipments of animal glues
_
Not published.
Steel furniture, shipments, orders, etc.
Not published.
Not published.
Production of automobiles
Not published.
Cast iron boilers and radiators
Credit conditions, electrical trade
Electrical products, shipments, orders, etc
Acid phosphate production, etc., and fertilizer
consumption in Southern States.
Cost of living, wages and hours of labor
Machine-tool orders, shipments, etc
Paper boxes, shipments and pay roll.
Paving-brick production, etc
Rice distribution through New Orleans
Cotton receipts into sight
Newsprint production, stocks, and shipments
Coffee receipts, stocks, etc
Tin stocks and deliveries.Loans to brokers
__
North Carolina pine, production, etc
Hemlock and hardwood lumber production,
etc.
Northern pine lumber and lath
Oak flooring, production, etc
Ohio foundry iron, meltings, stocks, etc
Shipments of canned salmon
Paperboard shipping boxes and boxboard production, etc.
Milk receipts at Philadelphia
Plate-glass production
Plywood, orders, etc
New orders and shipments of flatware
Rental advertisements, Portland, Oreg
* Multigraphed or mimeographed sheets.
Weekly.
Monthly.
18th of month.
Monthly.
Weekly.
Bulletin
Steel sheets, production, stocks, etc
_
Daily.
Not published.
Production, shipments, and unfilled orders of
piano benches and stools.
Real estate conveyances
Cement paving contracts
Rice, receipts, stocks, and shipments (Calif,
mills).
Rice, receipts, stocks, etc. (southern mills)
RICE MILLERS' ASSOCIATION
Shipments of rope-paper sacks
R O P E PAPER SACK MANFRS. ASSOCIATION
Rubber tires, heels, fabrics, crude stocks, etc
RUBBER ASSOCIATION OF AMERICA.Rubber stocks in Europe, Asia, and Brazil
RUBBER GROWERS' ASSOCIATION
_
SALES BOOK MANUFACTURERS' ASSOCIATION... Shipments and orders of sales books
SAVINGS BANK ASSOCIATION OF STATE OF Savings banks deposits in New York State
N E W YORK.
SHEET M E T A L W A R E ASSOCIATION.
SILK ASSOCIATION OF AMERICA
SOUTHERN FURNITURE M F R S . ASSOCIATION
SOUTHERN P I N E ASSOCIATION._
STEEL FOUNDERS' SOCIETY.__
TIGHT BARREL CIRCLED HEADING M F R S . ASSN.
T I R E AND RIM ASSOCIATION
_
T W I N CITY M I L K PRODUCERS' ASSOCIATION. _.
UNITED TYPOTHETAE OF AMERICA
VACUUM CLEANER MANUFACTURERS A S S N . . . .
WEBBING MANUFACTURERS' EXCHANGE
W E S T COAST LUMBERMEN'S ASSOCIATION
WESTERN P I N E MANUFACTURERS' ASSOCN
WESTERN SHEET AND T I N PLATE MANUFACTURERS' ASSOCIATION.
WLREBOUND BOX MANUFACTURERS' ASSOCN..
W I R E CLOTH MANUFACTURERS' ASSOCIATION.
Trade papers
Not published
Monthly report
_
Weekly report
Credit
Not published
Not published
Weekly press release
_.
Not published
Not published
Trade papers
Report on monthly volume of business..
Monthly report*
Monthly report
Not published
Not published
Monthly
Not published
Monthly report*
Monthly release
Not published.
Not published
Monthly statement _
Business Bulletin...
Weekly report
Not published
Not
Not
Not
Not
publishedpublishedpublishedpublished.
Monthly press release.
Not published
Not published
Monthly report
Monthly report
Monthly report
Monthly bulletin
Monthly statement- _.
Trade papers
Financial papers
Not published
Not published
Not published
Not published
Monthly report* (not published) _.
Not published
Not published
Not
Not
Not
Not
Not
21st of month.
First week of month.
First week of month.
First week of month.
First week of month.
5th of month.
Monthly.
published.
published.
published.
published.
published .
Concrete Highway MagazineNot published
Monthly.
Monthly report
Not published
Monthly reports (not published)
Bulletin of Rubber Growers' Association.
Not published
Not published in form used._
Monthly.
Galvanized and enameled sheet metal ware
Raw silk consumption, machinery activity, etc.
Furniture shipments and unfilled orders __
Yellow pine production and stocks
Steel castings, bookings and production
Circled headings for wooden barrels
Production of automobile rims
Milk production, Minnesota
Printing activity
_
___
Vacuum-cleaner shipments
Elastic webbing, shipments
__
Douglas fir lumber production, etc.
_
Western pine lumber production, etc
Prices of steel sheets, Youngstown district
Not published
Monthly press release to trade papers*
Not published in form used
Not published in form used
Not published
Not published
_.
Financial papers
Not published
_
Typothetae Bulletin
Trade papers
Not published
Not published
Not published
Trade papers
_.
Rotary cut veneer, receipts and purchases
Wire cloth, production, shipments, stocks, etc.
Weekly report.
Not published-
5th of month.
20th of month.
Monthly.
Bimonthly.
142
SOURCES OF DATA—Continued
DATE OF PUBLICATION
HI.-REPORTS FROM TECHNICAL PERIODICALS
Composite pig iron and steel prices.
_
Stock sales and prices
State and municipal bond issues and yields
Visible supply of grains (except rye)
Check payments and business failures, Canada
Wholesale price index.
Chemical price index..__
_
Mine price of bituminous coal
Cotton, visible supply
Interest rates on call loans and commercial paper
New corporate securities
Fairchild cotton goods index
New York bond sales and prices
Mexican petroleum shipments
_
Business failures and wholesale price index
Sales of electrical energy, central stations
Household enameled ware
Rand gold production; tin, lead, zinc, copper, and silver prices.
Construction cost index..!
Canadian bond issues
_
_
Hay receipts
Pig-iron production, furnaces in blast, etc
Iron and steel prices
_
_.
Shipments, etc., zinc and lead ore, Joplin district.—
_
Price indexes of lumber.
Milk receipts at Greater New York.
Canadian fire losses
__
Turpentine and rosin, receipts and stocks, 3 ports
_
Dividend and interest payments and new incorporations
Fire losses
_
_
Newspaper advertising.
_
Flaxseed, receipts, etc
_
_
__
Price indexes of drugs, oil, e t c . .
_
Argentine visible supply of flaxseed
Mexican petroleum shipments...
Magazine advertising
National advertising in newspapers.
Book production
__
Railway equipment orders
__
Sand lime brick production, etc
Wheat flour production and stocks (computed)
Sugar stocks, receipts, meltings, and Cuban statistics.
World shipments and stocks of rubber
AMERICAN METAL MARKET..
T H E ANNALIST
T H E BOND BUYER
BRADSTREET'S
CHEMICAL AND METALLURGICAL ENGINEERING..
COAL AGE
,...
COMMERCIAL AND FINANCIAL CHRONICLE
DAILY N E W S EECORD
___
Dow, JONES & Co. (WALL STREET JOURNAL) .
D U N ' S EEVIEW__
ELECTRICAL WORLD
ENAMELIST
_.
ENGINEERING AND MINING JOURNAL-PRESS-.
ENGINEERING N E W S RECORD
FINANCIAL POST
HAY TRADE JOURNAL
_.
IRON AGE
IRON T R A D E R E V I E W
JOPLIN GLOBE
LUMBER MANUFACTURER AND DEALER
M I L K REPORTER
MONETARY T I M E S
_
NAVAL STORES REVIEW
N E W YORK JOURNAL OF COMMERCE..
...
N E W YORK EVENING POST
NORTHWESTERN MILLER
OIL, PAINT, AND DRUG REPORTER..
OIL TRADE JOURNAL.
PRINTERS' INK
PRINTERS' INK MONTHLY
PUBLISHERS' W E E K L Y
RAILWAY A G E . .
_.
ROCK PRODUCTS
RUSSELL'S COMMERCIAL N E W S
STATISTICAL SUGAR TRADE JOURNAL
WORLD'S R U B B E R POSITION (BRITISH).
First or second week of month (daily). •
First weekly issue of month (Fidays).
First weekly issue of month (Saturadys).
Weekly (Saturdays).
First weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays).
Weekly (Wednesdays).
Weekly (Thursdays).
Weekly (Saturdays).
Weekly (Saturdays).
Last weekly issue of month (Saturdays).
First week of month (daily).
20th of month (daily).
First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).
Monthly.
Second weekly issue of month (Saturdays).
First weekly issue of month.
Weekly (Thursdays).
Weekly (Fridays).
First weekly issue of month (Thursdays).
Weekly (Thurdsays).
First weekly issue of month (Fridays).
Weekly.
WTeekly (Saturdays).
First week of month (daily).
10th of month (daily).
Not published.
Weekly (Wednesdays).
Weekly (Mondays).
Weekly (Mondays).
10th of month (monthly).
Second week of month.
Monthly.
Third week of month.
Monthly.
Fourth week of month (Wednesdays).
Weekly (Fridays).
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 C O
_
AMERICAN APPRAISAL C O
AMERICAN TELEPHONE & TELEGRAPH C o . . . .
BOSTON, CAPE COD & N E W YORK CANAL C O .
CHILDS C O .
_
_.
CHASE SECURITIES CORPORATION
Building costs.—
Construction costs
Stockholders in the company
Cape Cod Canal traffic
Restaurant sales
Dividends paid on industrial stocks..
Suez Canal traffic.
_.
Construction trade papersAmerican Appraisal News.
Financial papers
Not published
Monthly report
Not published
Le Canal de Suez
DICKSON, R. S., & Co
DODGE, F . W., CORPORATION
_.
G E H M , W. H., C O
GENERAL MOTORS CORPORATION
GRAND, F . & W., 5-10-25 CENT STORES
GRANT, W. T., C O
_
_
HAFFARDS, G. M., & Co
_
HARTMAN CORPORATION
_.
HERCULES POWDER C O
LAW, A. W., & Co
LLOYD'S
_.
KING, CLYDE L
KRESGE, S. S., C O
KRESS, S. H., & Co
M C L E A N BUILDING REPORTS, LTD
_.
MCCRORY STORES CORPORATION
METROPOLITAN FIVE AND T E N CENT STORES.
METROPOLITAN LIFE INSURANCE C O
MURPHY, G. C , C O
N E W YORK TRUST C O
OHIO STATE UNIVERSITY, BUREAU OF BUSINESS RESEARCH.
PENNEY, J. O., C O
PENNSYLVANIA RAILROAD C O
POLK, R. L., & C o . .
PULLMAN CO
SANFORD & K E L L E Y . . .
SCHULTE, A . , INC
__
SEARS, ROEBUCK & Co
SEIDMAN & SEIDMAN
SILVER, ISAAC, & BROS
STANDARD STATISTICS C O
THOMPSON, J. R., C O
UNITED CIGAR STORES C O
UNITED STATES STEEL CORPORATION
Southern cotton mill stocks index..
Building contracts
,
Furniture shipments
Sales of closed cars, sales to dealers and to users.
Chain-store sales.
Chain-store sales.
Fall River cotton mill dividends
Chain-store sales.
_
Steam naval stores, production and stocks
Mill dividends, Spartanburg County, S. C
World ship construction
Milk receipts at Baltimore
Chain-store sales
_
Chain-store sales
Canadian building contracts
Chain-store sales
Chain-store sales
Factory labor turnover
_
Chain-store sales
Indexes of stock and bond prices
Employment, construction industries, Ohio
Financial papers
Statement on Building Statistics..
Not published
Financial papers
Financial papers
Financial papers
Bradstreet's..
Financial papers
Naval Stores Review.
Financial papers
New York Journal of Commerce _
Not published
Financial papers
F i i l papers
Financial
Canadian Building Review.
Financial papers
Financial papers
Not published
Financial papers
_.
The Index
Bulletin...
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
__
Stock and bond price indexes
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
National New Car Reporting Service*
Not published..
Bradstreet's—
Financial papers
Financial papers
__
Not published
Financial papers
Standard Securities ServiceMonthly press release*
Financial papers.
Press release*
Press release*.
Financial papers
Special reports*
Quarterly press release*
Financial papers
Financial papers
COMPAGNIE UNIVERSELLE DU CANAL MARITIME DE SUEZ.
WALDORF SYSTEM, INC
W A R D , MONTGOMERY, & C o .
WOOLWORTH, F . W., & C o . .
* Multigraphed, mimeographed, or duplicated sheets,
Monthly.
Third week of month.
Monthly.
5th, 15th, and 25th of
month.
WTeekly.
Monthly.
Monthly.
Quarterly.
Monthly.
Semiannually.
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. 24-138) only. Items in the text are arranged in groups, which should make
references easy without the necessity of an index. See also " Table of Contents/' page 1.
Page
Page Canada—Continued.
Page
Oats and oatmeal
90
Abrasives, paper and cloth
65 Beef, consumption, exports, producPower, electric
107
tion, prices, etc
94
Accessories, automobile
50, 51
Railroads, operation
103
Belgium, foreign-exchange rates
135
Acetate of lime, production, shipSilver, production and stocks
134
72
ments, etc
78 Benches, piano
Slaughter, inspected
58
Binders' board, production
63
Acid phosphate, production, stocks,
Wheat flour, production
88
etc
82 Boilers:
Wheat, grindings, stocks and
Cast-iron, production, etc
41
Acid, sulphurite, price and exports. _ 82
exports
88,89
Steel, new orders
38
Active textile machinery
28, 32, 34
Canals, traffic
102
Bonds:
Advertising:
118, 119
Government, outstanding
127 Candy, sales, chain stores
Magazine and newspaper
116, 117
Canned goods:
Held by life-insurance comRentals, Minneapolis and PortMilk, condensed, evaporated and
panies
125
land, Oreg
66
powdered
95,96
New issues
130, 131
Agencies, employment
110
Salmon
99
Prices and yields
127, 128
Agents and brokers, failures
132
102
Sales
128 Cape Cod Canal, traffic
Agriculture:
Tax-exempt, outstanding
130 Capital issues. (See Securities.)
Price indexes
26, 27
105, 106
62 Cars, railroad
Production, index
24 Book paper, production, etc
62 Castings, malleable, steel and track
Wages
110 Books, publication
work
40
Agricultural implements
42 Boots and shoes. (See Shoes.)
Cast iron, boilers and radiators
41
Agricultural loans and mortgages
125, Boston:
Milk receipts
96 Cattle, receipts, shipments, prices and
130
slaughter
92
Wool receipts
28
Alcohol, ethyl, and wood (methanol)
78, 79 Box board, production, receipts, etc_ 63 Cement, production, stocks, shipments and prices
77
63, 65
Allegheny River, cargo traffic
102 Boxes, paper, production, etc
Bradstreet's, price index
26 Cereals. (See Grains.)
American Telephone & Telegraph
Chain stores:
Co., stockholders
133 Brazil:
Sales
118, 119, 120, 121
Coffee, receipts and clearances. _ 99
Animal fats and glues, production,
Stock prices
129
Foreign-exchange rates
135
stocks, etc
86
Check payments
126
Brick:
Animal products:
62
Housing costs
66 Checks, cash, shipments
Price index
27
97
Production, stocks, etc
75, 76, 77 Cheese, production, receipts, etc
Production index
24
Unfilled orders, index
25, 77 Chemicals:
Apartments, bond issues
131
Employment index
108
British India, foreign-exchange rates _ 135
Apples:
Production and prices
81, 82
Production (crop estimate)
87 Brokers:
Pay-roll index
112
Failures
132
Stocks and shipments
91
Price indexes
26, 81
Loans to
126
Argentina:
Time operations, factory, index
Buildings:
Flaxseed, exports, and visible
number
113,114
Contracts awarded
67
supply
84
Wood distillation and alcohol _ 78, 79
Cost indexes, losses, etc
66
Foreign-exchange rates
135
121
Employment in Ohio
108 Childs Co., restaurant sales
Foreign trade with
136, 137
Security issues
131 Chile:
Arsenic, crude and refined
81
Foreign-exchange rates
135
Asphalt, production, stocks
54 Building materials, price indexes. _ 26, 66
Nitrate production
82
34
Assets, life-insurance companies
125 Burlap, imports
Butter, production, receipts, etc
97 China, vitreous, plumbing fixtures... 76
Automobiles:
Cigars and cigarettes:
Buttons, pearl, production and
Accessories, rims, registrations,
Consumption and exports
100
stocks
29
etc
51
Sales, chain stores
118, 119, 121
Advertising, national, in newsCirculation, money and notes
126, 127
papers
116 Cake and meal:
91
Cottonseed, production, etc
83 Citrus fruits, car-lot shipments
Earnings, manufacturers
133
Linseed, shipments, etc
84 Clay and glass products:
Production, exports, sales, etc___ 50
Employment index
108
Stock prices
129 California:
Pay-roll index
112
Petroleum stocks
52
Tires and tubes
56
Production, prices, etc
74, 75, 77
Redwood and white-pine lumber,
Time operations
114
Babbitt metal, consumption
49
production, shipments, etc
69
42
Bad-order cars
106
Rice stocks
91 Cleaners, vacuum
Clearings, bank. (See Check payBad-order locomotives
104 Canada:
ments.)
Baltimore, milk receipts
96
Automobiles, production and
77
Band instruments, shipments
49
exports
50 Clinker, stocks
45
Banks:
Bond issues
130 Cloth, wire
Condition, interest rates, etc
126,
Building, contracts awarded
67 Clothing:
Advertising, national, in newsCanals, traffic
102
127
papers
116
Check payments
126
Failures
132
Cost indexes
27
Cheese, exports
97
Farm loans
130
Production, stocks, etc
29
Coal, production, etc
35
Barley:
Rubber-proofed
56
Employment
109,110
Exports, prices, receipts, and
Failures
132 Coal:
stocks
90
Fire losses
66
Production (crop estimate)
87
Employment, anthracite mines _ _ 108
Foreign-exchange
rates
and
Barrels:
Loadings, freight cars
105
trade
135,136,137
Prices, production, stocks, exSteel.
39
Iron and steel, production
36, 37
Wooden headings
73
ports, etc
35
Life-insurance, new business
125
Basic commodities, production, index
Retail-price index
27
Methanol, refining
79 Coconut oil (or copra), consumption,
numbers
24
Newsprint paper, production, etc. 61
Baths, enamel, orders, etc
44
stocks, etc
85
(143)
144
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 24-138) only. Items in the text are arranged in groups, which should make
references easy without the necessity of an index. See also " Table of Contents," page 1.
Page
Coffee, imports, stocks and Brazilian
movements
99
Coke:
Production, exports, and prices. 37,
54
Coal consumption
35
Cold-storage holdings:
Apples
91
Butter, cheese, and eggs
97
Poultry and
fish
99
Meats
93,94
Concrete, paving contracts
77
Conditions, banks
126
Conduits, nonmetallic
47
Construction, building:
Contracts awarded and volume
index
67
Cost indexes
66,67
Employment in Ohio
108
Security issues
131
Construction, highways
77
Construction, ships
101
Consumption:
Chemicals and oils.-81, 82, 83, 84, 85
Coal
35
Cotton and fabrics
31, 56
Iron ore
36
Meats and dairy products
93,
94, 96, 97
Petroleum products
52, 53, 54
Pulp and paper products
61,
63, 64, 65
Rubber
55,56
Tobacco
100
Wheat flour
88
Wool
28
Containers:
Glass, production, etc
74
Paper, production, etc
63
Conveyances, real estate
66
Copper:
Exports, prices, production, etc_ 45
Stock prices
45, 129
Copra oil (or coconut) production,
consumption and stocks
85
Cord, flexible electrical
47
Corn:
Production (crop estimate)
87
Receipts, grindings, exports, etc_ 89
Corporations:
Dividend payments and failures. 132
New security issues and incorporations
130, 131
Profits and stockholders
133
Stock and bond prices
127, 128
Costs, living, indexes
27
Costs, building construction
66
Cotton:
Consumption, receipts, exports,
etc
31
Prices
27, 30
Cotton fabrics:
Cloth, exports
32
Consumption by tire manufacturers
56
Fine goods, production
32
Prices, wholesale
30
Production, stocks, and unfilled
orders
33
Cotton finishing. _
32
Cotton mills:
Dividends and spindle activity. 32
Stock prices, southern mills
128
Cotton yarns:
Prices
30
Production, stocks, etc
33
Cottonseed and products
83
Cranes, electric overhead
43
Credit:
Bank
Electrical trade
Farm
Textile trade
Crops:
Cotton, production
Food, production and value
Marketings, index numbers
Price indexes
Tobacco, production
Cuba, sugar movement
Customs, receipts
Page
126
46
130
33
31
87
24
26
100
98
127
Dairy products:
Butter and cheese
97
Milk
95,96
Price indexes
27
Debits. (See Check payments.)
Debt, United States Government
127
Delaware, employment and earnings
109, 111
Delinquent accounts, electrical trade,
etc
46
Department stores, sales and stocks,
index
122, 123
Deposits, bank and savings
126, 127
Detroit, employment
109
Dividends, payments
32, 132
Douglas fir lumber, production, shipments, orders, etc
68
Drugs:
Price indexes
26, 81
Sales, chain stores
118, 119
Wholesale trade
115
Dry goods:
Prices, wholesale
30
Wholesale trade
115
Dun's, price index
26
Dyes and dyestuffs, exports
79
Earnings:
Corporations, classified
133
Labor
111,114
Public utilities
107
Railroads and express companies
103
United States Steel Corporation
37
Eggs, receipts and cold-storage holdings
97
Elastic webbing, shipments
34
Electric cranes and hoists
43
Electric locomotives, shipments
104
Electric power:
Fuel consumption
35, 54
Production and sales
107
Electric trucks and tractors
51
Electric washing machines
42
Electrical products (motors, porcelain, etc.)
46, 47
Electrical trade, delinquent accounts. 46
Emigration
101
Employment:
Agencies, State and municipal. _ 110
Factory, mines, railroads, e t c . 108,
109
Time
112,114
Enameled ware
44, 49
Engines, internal-combustion, patents granted
42
England. (See United Kingdom.)
Equipment:
Agricultural, shipments
42
Fire-extinguishing, shipments
51
Foundry, orders, shipments, etc_ 43
Railway, orders, etc
104, 106
Essential oils, wholesale-price index._ 81
Ethyl alcohol
79
Page
Expenditures, United States Government
127
Exports. (See Foreign trade and
individual commodities.)
Explosives, production, shipments,
stocks and sales
79
Express, earnings
103
Fabricated steel
38
Fabrics, rubber-proofed
56
Face brick, production, shipments,
etc
75
Factories. (See Manufactures and
Industrial corporations.)
Failures, business
132
Fall River, textile-mill dividends
32
Fans, electric
47
Farm implements
43, 51
Farm loans and mortgages
125
Farm products:
Price index
26, 27
Production indexes
26
Farm wages
110
Fats, animal, grease and derivatives. 86
Federal-aid highways completed
77
Federal farm-loan and intermediate
credit banks, loans
130
Federal reserve banks and member
banks, condition
126
Federal reserve districts:
Chain-store sales
118, 119
Department-store trade
122, 123
Felt, roofing, production ans stocks._ 81
Fertilizer, exports, consumption, etc_ 82
Fiber, vulcanized
46
Fibers, imports
34
Finance:
Advertising, national, in newspapers
116
Banking
126,127
Government
127
Securities
128, 130, 131
Fine paper
64
Finishing, cotton
32
Fire-extinguishing equipment, shipments
51
Fire losses
66
Fish, catch and cold-storage holdings, 99
Fish oil, production, consumption and
stocks
86
Flaxseed:
Receipts, shipments, stocks
84
Production (crop estimate)
87
Flooring:
Production, shipments, etc
71
Price, southern pine and Douglas
fir
68
Floor and wall tile, production, shipments, etc
75
Flour, wheat, production, consumption, stocks, etc
88
Food:
Advertising, national, in newspapers
116
Earnings, manufacturers
133
Exports and imports
138
Factory employment, index
108
Pay-roil index, factories
112
Prices indexes
26, 27
Stock indexes
129
Stock prices
129
Time operations, factories. _ 113, 114
Foreign bonds, prices and issues. 128, 131
Foreign-exchange rates
135
Foreign stockholders
133
Foreign trade:
Canadian exports and imports. _ 135
United States exports
137, 138
145
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 24-138) only. Items in the text are arranged in groups, which should make
references easy without the necessity of an index. See also "Table of Contents," page 1.
Pa e
Foreign trade—Continued.
g
United States imports
136, 138
Vessels in United States ports.. _ 101
Forest products:
Car loadings
105
Production, index number
24
Foundry equipment, orders
43
Foundry iron, meltings, prices, etc_ 36, 41
France:
Foreign-exchange rates
135
Foreign trade with
136, 137
Freight cars
105, 106
Freight rates, ocean
101
Fruits:
Farm prices
27
Shipments, car-lot
91
Fuel:
Coal, production, etc
•__ 35
Coke, production, etc
37
Consumption, all kinds. 35, 52, 53, 54
Cost of, index number
26, 27
Petroleum, production, etc
53
Fur, sales
34
Furnishings, house, price index
26
Furniture:
Household
72
Steel, office
38
Wholesale trade
115
Page
Hemlock, northern, lumber
69
Hides and skins, imports, prices,
stocks
58
Highways, construction
77
Hogs, prices, receipts, shipments, and
slaughter
92
Hoists, electric
43
Hosiery, production, stocks, etc
29
Hotels:
Advertising
116
Bond issues
131
Hours, factory operations
28,
32, 34, 112, 114
Household:
Enameled ware, activity
49
Furnishings, price indexes
26
Furniture,
advertising,
shipments, etc
72,116
Housing:
Construction
67
Cost of, index numbers,
27,66
Rental advertisements
66
Ice cream, production
96
k
Illinois, employment and earnings. 109, 111
Illuminating glassware, production,
shipments, stocks, etc
74
Galvanized metal ware
49 Immigration
101
Gas and electric companies, earnings
Imports. (See Foreign trade and in(see also Public utilities)
107
dividual commodities.)
Gas and fuel oils, consumption, proIncorporations, new
130
duction, stocks and prices
54 Indebtedness, wholesale trade
33
Gasoline, consumption, exports, price,
India. (See British India.)
production, stocks, etc
53 Industrials. (See Manufactures and
Gelatin, edible,production and stocks. 86
Corporations.)
General Motors Corporation, sales. _ 50
Germany, foreign trade with
136, 137 Instruments, musical:
Advertising, national, in newsGinnings, cotton
31
papers
116
Glass, production, etc
74
Band, shipments
49
Gloves and glove leather
_ _ 60
124, 125
Glues, animal, production and stocks. 86 Insurance, life
Gold, receipts, exports, etc
134 Interest:
Rates
127
Government, Canadian, bond issues. 130
Payments
128,131,132
Government, United States:
Bonds, prices, holdings, etc
125, Investments:
Banks
130
128, 130
Life-insurance companies
125
Employment in Washington
108
Finances, debt, etc
127 Iron and steel:
Barrels and drums
39
Postal business
117, 127
Boilers and radiators, cast-iron _ 41
Grains:
Castings, malleable, steel and
Exports, receipts, prices, etc__ 89, 90
track-work
40
Farm-price indexes
27
Earnings, manufacturers'
37,133
Loadings
105
Employment index
108
Production (crop estimates)
87
Fnameled sanitary ware
44
Grand, F. & W., sales
120
Exports and imports
40
Grant, W. T., & Co., sales
120
Fabricated steel products
38
Grease, production, consumption, and
Foundry iron, meltings, prices,
stocks
86
etc
36,41
Great Britain. (See United KingIngots, steel, production, etc
37
dom.)
Ore shipments, stocks, etc
36
Groceries:
Pay-roll
index
112
Sales, chain stores
118, 119
Pig-iron production, prices, etc_ 36
Wholesale trade
115
Railway equipment
104,106,107
Gum lumber, stocks
70
Sheets/steel
39
Time, operations, factory, index
Ham, smoked, prices
93
number
113,114
Hardware, wholesale trade
115
Unfilled orders
25
Hardwood lumber, production, stocks,
Vessels, construction
101
and shipments
70, 71, 72
Wages
110
Harness leather
59
Hartman Corporation, sales
121 Iron, steel, and heavy hardware,
sales
40
Hay:
130, 131
Production (crop estimate)
87 Issues, new capital
Receipts
91 Italy:
Foreign-exchange rates
135
Headings, barrel
73
Foreign trade with
136, 137
Heels, rubber, production, etc
57
80484°—28
10
Japan:
Page
Foreign-exchange rates
• _ 135
Foreign trade with
136, 137
Joint-stock land banks, loans
130
Joplin district, lead and zinc shipments
48
Kerosene, production, consumption,
stocks, etc
53
Knit underwear, production, shipments, etc
29
Kresge, S. S., Co., sales
120
Kress, S. H., & Co., sales
120
Labels, paper, orders
65
Labor:
Earnings
110, 111
Employment
109
Time worked
112,113,114
Turnover, factory
113
Lamb, production, stocks, etc
94
Lambs, shipments and slaughter
92
Lard compounds and substitutes
86
Lard, production, exports, etc
93
Lath, northern pine
69
Lavatories, enamel, shipments, orders, etc
44
Lead, production, prices etc
48
Leather:
Employment index
108
Factory time operations, index._ 108,
113, 114
Glove, production and stocks
60
Sole, upper, harness, and skivers,
production, etc
59
Pay-roll index
112
Products (shoes, gloves)
60
Leather, artificial, shipments, etc
34
Life insurance
124, 125
Light, cost of, index number
27
Linseed oil and cake
84
Livestock:
Loadings
105
Marketings, indexes
24
Price to farmers, indexes
27
Receipts, shipments, prices and
slaughter
92
Living, cost of
27
Loadings, freight cars
105
Loans:
Agricultural
125, 130
Bank
126
Brokers
126
Life-insurance policies
125
Lock washers
49
Locomotives, exports, shipments etc. 104
Logs, walnut
70
Losses:
Business
132
Fire
66
Ships
101
Lubricating oil, production, stocks,
consumption, and price
54
Lumber:
Employment index
108
Factory time operations, index,_ 113,
114
Pay-roll index
112
Production,
exports,
stocks,
prices, etc___
68, 69, 70, 71, 72
Unfilled orders index
25
McCrory Stores Corporation, sales- _ 120
Machine tools, new orders
43
Machinery, sales, profits, etc_ 42, 43, 133
Machinery activity:
Boxboard and box mills.
63
Textile mills
28, 32, 34
146
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 24-138) only. Items in the text are arranged in groups, which should make
references easy without the necessity of an index. See also " Table of Contents," page 1.
Page
Magazines, advertising
117
Mail-order houses, sales
117
Malleable castings, production, shipments, and orders
40
Manufactures:
Earnings and stockholders
133
Employment index
108, 109
Exports and imports
•
138
Failures and divided payments.- 132
Pay-roll payments
109, 112
Production, index
24
Securities issued, prices, etc
127,
128, 131
Stocks on hand, index numbers- 25
Time operations
112, 113, 114
Maple flooring, production, shipments, stocks, etc
71
Massachusetts, employment, and
earnings
109, 111
Meats:
Farm prices
27
Production, cold-storage holdings, etc
94
Wholesale trade
115
Merchandise, car loadings
105
Metals and minerals (see also individual commodities):
Earnings, corporations
133
Employment index
114
Pay-roll index
112
Price indexes
26
Production indexes
24
Time operations, factory index
number
113,114
Methanol, production, shipments, exports, stocks, price
78, 79
Metropolitan Stores Corporation,
sales
120
Mexico, silver production
134
Michigan, lower, hardwoods
72
Milk, receipts, production, exports,
etc
95,96
Minerals, production, index
24
Minneapolis:
Linseed oil and cake, shipments. 84
Milk production
96
Rental advertisements
66
Mississippi River, cargo traffic
102
Money in circulation
127
Money orders, postal
117
Money stocks, gold
134
Monongahela River, cargo traffic
102
Mortgages:
Held by farm banks, etc
130
Held by life-insurance companies 125
Issued for real estate, bonds
131
Motors, electric
46
Municipal bonds, new issues and
yields
128, 130
Murphy, G. C. Co., sales
121
Music, sales, chain stores
118, 119
Natural gasoline
53
Naval stores, receipts and stocks
80
Netherlands, foreign exchange rates _ 135
New Bedford, textile-mill dividends. 32
New Jersey, employment and earnings
1
_"
109, 111
New Orleans:
Rice shipments
91
Sugar receipts, domestic crop
98
Newspapers, advertising
116, 117
New York City:
Check payments
126
Loans to" brokers and discount
rates
126
Milk receipts
96
New York State:
Canal traffic
102
Employment and earnings-_ 109, 111
Savings banks, deposits
127
Page New York Stock Exchange:
Loans to members of
126
Security sales
128
Nitrate of soda, imports and production
82
Nonferrous metals:
Employment index
108
Production, prices, etc
45, 48
Pay-roll index_._
112
Time operations, index
113, 114
North Carolina pine lumber, production and shipments
68
Northern hardwoods, production and
shipments
72
Northern hemlock and pine lumber,
production, shipments, etc
69
Oak:
Flooring, production, shipments,
stocks, etc
71
Lumber, s t o c k s , and unfilled
orders
70
Oats:
Exports, price, receipts, etc
90
Production (crop estimate)
87
Ocean transportation
101
Offal, grain, production
88
Ohio:
Foundry iron, stocks, etc
41
Employment in construction,
108
Ohio River, cargo traffic
102
Oil:
Essential, wholesale price index. 81
Petroleum
52, 53, 54, 131, 133
Pine
80
Vegetable and
fish
83, 84, 85, 86
Oil wells completed
52
Oleomargarine:
Production and consumption
83
Consumption of chief ingredients
83,85,96
Onions, car-lot shipments
91
Orders, new. (See Individual commodities.)
Orders, unfilled, index (see also Individual commodities)
25
Ore:
Iron, shipments
36
Lead and zinc, shipments
48
Total, car loadings
105
Outlet boxes, electrical
46
Panama Canal, traffic
102
Panel boards, electrical
47
Paper:
Book, fine, wrapping, etc
62, 64
Box board and boxes
63
Employment index
108
Newsprint, production, etc
61
Pay-roll index
112
Pulp and paper products
65
Time operations, index number. 108,
113, 114
W a s t e , c o n s u m p t i o n , and
stocks
63
Parks, national, visitors
103
Passengers, railroad and Pullman
103
Passenger automobiles, production,
etc
50, 51
Passenger cars, railroad, orders, shipments, etc
106
Passports, issued
101
Patents, granted
42
Pavements,
concrete,
contracts
awarded
67-77
Paving brick, production, shipments,
stocks, etc
77
Payments, check
126
Payments, dividend and interest
132
Pay roll, factories
109, 112
Pay roll, anthracite mines
108
Page
Pennsylvania, employment and earnings
109, 111
Pennsylvania Railroad Co., stockholders
133
Penney, J. C , & Co., sales
121
Petroleum:
Capital issues
131
Crude, products, etc
52
Earnings
133
Refined products
52, 53, 54
Stock prices
53, 54, 129
Phenolic products, laminated
46
Philadelphia, milk receipts
96
Phosphate, acid, production, consumption, and stocks
„.
82
Piano, benches, and stools
72
Pig-iron prices, production, etc
36
Pine lumber, production, etc
68, 69
Pine oil, production and stocks
80
Plate glass, production
74
Plumbing fixtures:
Enameled sanitary ware
44
Porcelain
76
Price index and sales, tubular
45
Vitreous china, shipments, etc. _ 76
Plywood, shipments, etc___
73
Policies, life insurance
125
Porcelain, electric, shipments
46
Porcelain, enameled flatware, shipments
49
Porcelain, plumbing
fixtures
76
Pork products, production, exports,
consumption, holdings, etc
93
Portland, Oreg., rental advertisements
66
Postal receipts and money orders
117
Potash, imports
82
Potatoes:
Car-lot shipments
91
Production (crop estimate)
87
Poultry:
Receipts and cold-storage holdings
99
Price index (with dairy products)
27
Power, electric:
Fuel consumption
35, 54
Production
107
Switching equipment
46
Premiums, life insurance
124
Prices:
Brick and cement
75, 77
Coal and coke
35, 37
Coffee and tea
99
Dairy products
27, 95, 97
Drugs, chemicals, and oils
78,
81, 82, 83, 84
Grains and
flour
27, 88, 89, 90
Hides and leather
58, 59, 60
Iron and steel
36,37,39
Lumber
68,71
Meats and livestock. __ 27, 92, 93, 94
Naval stores
80
Nonf errous metals
45, 48
Petroleum products
52, 53, 54
Plumbing
fixtures
45
Rubber
55
Silver
134
Sugar
98
Textiles
26, 30, 34
Tobacco
100
Price indexes (see also Prices):
Building and construction costs. 66
Farm
_ 27
Retail...
— 27
Stocks and bonds.
127,128
Wholesale, classified
26
Printing:
Activity
62
Employment
108
Pay-roll index
112
147
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 24-138) only. Items in the text are arranged in groups, which should make
references easy without the necessity of an index. See also " Table of Contents," page 1.
Page
Profits. (See Earnings.)
Production, index (see also individual
commodities)
24
Public
finance
127
Public utilities:
Bonds, prices, issues, holdings,
etc
125,128,131
Contracts awarded
67
Dividends, earnings, etc
107,
132, 133
Stock prices
129
Publishing:
Book and job
62
Newspaper
61
Pullman, passengers, carried and
operations
103
Pulp wood
65
Pumps, shipments, etc
42
Pyroxylin-coated textiles
34
Page
Rubber, consumption, imports,
prices, etc
55
Rubber products, production, etc_ _ 56, 57
Rye:
Exports, price, receipts, and
stocks
90
Production (crop estimate)
87
St. Lawrence Canal, traffic
102
Sacks, rope paper, shipments
65
Sales:
Chain stores
118, 119, 120, 121
Department stores
122
Factory. (See individual commodities.)
Mail-order houses
117
Wholesale
115
Sales books, shipments and orders
62
Salmon, canned, shipments and
Canadian exports
99
Sand-lime brick
76
Radiators, cast-iron, production,
shipments, etc
41 Sanitary ware, orders, shipments,
and stocks
44
Radio and electrical
116
Sault Ste. Marie Canal, cargo traffic. 102
Railroads:
127
Advertising in newspapers
116 Savings deposits, New York State
121
Dividend payments
132 Schulte, A. (Inc.), sales
117
Employment
108 Sears, Roebuck & Co., sales
Equipment
104, 106 Securities:
Held by life-insurance compaFinancial operations
103, 131
nies
125
Freight-car movement and trafNew issues
130,131
fic
103,105
Prices and sales
127, 128
Fuel consumption
35, 54
Tax-exempt, outstanding
130
Securities
125, 128, 131
Stock prices
129 Sheep, receipts, shipments, prices and
slaughter
92
Railways, electric and street. _ 107, 132
Raincoat, fabrics, rubber proofed
56 Sheet-metal ware:
Enameled
49
Rand, gold output
134
Galvanized
49
Raw materials:
39
Exports and imports
138 Sheets, steel
27
Price indexes
26 Shelter, prices of, index numbers
38
Production indexes
24 Shelving, steel, shipments, etc
Stock indexes
25 Shipments. ' (See individual commodities.)
Rayon, imports, stocks, and prices__ 34
Shipping:
Real estate:
Fuel consumption
35, 54
Conveyances
66
Ocean and construction
101
Bond issues
131
River and canal cargo traffic
102
Receipts, United States Government
117, 127 Shoes:
Advertising in newspapers
116
Refining:
Production, prices, exports, etc_ _ 60
' Methanol
79
Rubber heels, production, shipPetroleum
53, 54
ments, etc
57
Sugar
98
Sales, chain stores
118, 119
Vegetable oils
83, 85
Wholesale trade
115
Reflectors, sales
46
Registrations, automobiles
51 Silk, raw:
Imports, stocks, etc
34
Rent:
Prices
30
Advertisements
:
66
Cost of
27 Silver, exports, imports, production,
and prices
134
Reserves, bank
126
121
Restaurants, sales
121 Silver, Isaac, & Bros., sales
Sinks,
enameled
44
Retail prices:
Skivers,
production
59
Coal
35
58
Food and coal indexes
27 Slaughter, inspected
Sugar
98 Soda, nitrate of, production and
imports
82
Retail trade:
57
Chain stores
118, 119, 120, 121 Soles, rubber
Department stores
122 Southern pine lumber, production,
shipments, etc
68
Gasoline and kerosene
53
80
Lumber
71 Steam naval stores
Mail-order
117 Steel (see also Iron and Steel):
Barrels and drums
39
Rice:
Castings
40
Exports,
imports,
receipts,
Earnings
37,133
shipments, and stocks
91
Exports and imports
40
Production (crop estimate)
•_ _ 87
Fabricated products
38
Rivers, cargo traffic
102
Ingots, prices, etc
37, 129
Roads, construction
77
Sheets, production, shipments.- 39
Roadbuilding, wages in
110
Stock prices
39, 129
Roofing, production and stocks
81
Unfilled orders
25, 37
Rope paper sacks, shipments
65
Wages
110
receipts, stocks, etc
80
Digitized for Rosin,
FRASER
Page
Stockholders, corporations
133
Stocks, commodity, index numbers
(see also individual commodities) _ . 25
Stocks, corporation:
New issues
130, 13]
Prices and sales
127, 128
Stokers, mechanical, sales
43
Stone, clay, and glass products:
Employment index
108
Pay-roll index
112
Production, etc
74, 75, 77
Time operations, factory, index
number
114
Stools, piano
72
Stores, retail, sales_ 118, 119, 120, 121, 122
Structural steel, fabricated
38
Suez Canal, traffic
102
Sugar, meltings, stocks, receipts, etc_ 98
Sulphur, production
82
Sulphuric acid, price and exports. __ 82
Sweden, foreign exchange rates
135
Switzerland, foreign exchange rates_ 135
Tax-exempt securities __"
130
Tea, imports, stocks, prices
99
Telegraph and telephone companies:
Revenue and earnings
107, 133
Stockholders, American Telephone & Telegraph Co
133
Ten-cent stores, sales
118, 119, 120
Terra cotta, new orders
75
Textiles:
Burlap and
fibers
34
Clothing
26, 27, 29
Cotton
30, 33
Cotton manufactures
32, 33
Employment index
108
Hosiery and knit underwear
29
M achine activity
28, 34
Mill dividends and stock prices. 128
Pa3^-roll index
112
Prices, wholesale
30
Silk
30,34
Stock prices
129
Time operations, factories. _ 113, 114
Unfilled order index
25
Webbing, elastic
34
Wholesalers, credit conditions. __ 33
Wool
28,30
Thompson, J. R. Co., restaurant
sales
121
Tile, floor and wall
75
Tin, deliveries, imports, prices, and
stocks
48
Tires, production, stocks, and shipments
56
Tobacco:
Advertising, national, in newspapers
116
Employment index
108
Pay-roll index
112
Production,
exports,
prices,
stocks, etc
100
Stock prices
129
Time operations, factories. _ 113, 114
Toilet articles, advertising in newspapers
116
Tools, machine, new orders
43
Trackwork, steel
40
Tractors, electric, industrial
51
Trade:
Business failures
132
Canadian foreign
135
Foreign, United States. 136, 137, 138
Retail
118, 119. 120, 121
Wholesale
' 115, 117
Trucks:
Automobile, production
50
Electric industrial, shipments
51
Tubular plumbing, sales
45
148
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 24-138) only. Items in the text are arranged in groups, which should make
references easy without the necessity of an index. See also " Table of Contents," page 1.
Page
Turnover, factory labor
Turpentine, receipts, prices,
stocks
113
and
80
Underwear, knit, production, etc
29
Unfilled orders, index (see also individual commodities)
25
Unions, trade, employment in Canada
109
United Cigar Stores Co., sales
121
United Kingdom:
Foreign-exchange rates
135
Foreign trade with
136, 137
Tea stocks
99
United States Government. (See
Government, United States.)
United States Steel Corporation:
Earnings and unfilled orders
37
Stockholders.
133
Wage rates
110
Utah, lead shipments
48
Utilities, public. (See Public utilities.)
Vacuum cleaners, sales
42
Vegetables, car-lot shipments
91
Vegetable oils, production, stocks,
etc
84, 85
Vehicles (see also Automobiles, Shipping, and Railroads):
Employment, index number
108
Vehicles—Continued.
Pay roll, index number
112
Time operations, factory, index
number
113, 114
Unfilled orders index
25
Veneer, rotary-cut
73
Vessels. (See Shipping.)
Vitreous china, plumbing fixtures 76
Vulcanized fiber, sales and consumption
46
Wages, factory, etc
110, 111
Waldorf system, restaurant sales
121
Walnut, lumber and logs
70
War Finance Corporation, loans
130
Ward, Montgomery, & Co
117
Washers, lock
49
Washington, D. C , Government employment in
108
Washing machines, electric
42
Water power, electric energy produced
107
Water softeners and systems
42
Wax, production and stocks
54
Webbing, elastic, sales
34
Welding sets, electrical
47
Welland Canal, traffic
102
Wells, oil, completed
52
Western pine lumber, production,
shipments and stocks
69
Wheat and wheat
flour
87, 88, 89
Wholesale price indexes
26, 27
Page
Wholesale trade:
Credit conditions
33
Price indexes
26
Sales
115
Wire cloth, production, etc
45
Wisconsin, employment and earnings
109, 111
Wood, consumption and stocks,
chemical plants
78, 79
Wood furniture
72
Wood pulp
65
Wool:
Prices, wholesale
30
Receipts, imports, consumption,
stocks, etc
28
Woolworth, F. W., & Co., sales
120
Work clothing, cut, shipments, stocks 29
Workers:
Employed, factories, etc___ 108, 109
Registered at agencies
110
Worsted yarn, wholesale price
30
Wrapping paper
64
Yarns:
Prices, cotton and worsted
30
Production, etc., cotton
33
Yields, bonds
127, 128
Youngstown district, steel workers'
wages
110
Zinc, prices, production, stocks, etc__
48
PUBLICATIONS OF THE DEPARTMENT OF COMMERCE
Recent publications of the Department of Commerce having the most direct interest to readers of the SURVEY OP CURRENT
are listed bejow. A complete list may be obtained by addressing the Division or" Publications, Djepartment of Commerce,
.at Washington. Copies of the publications may be purchased from the Superintendent of Documents, Government Printing
Office, Washington, at the prices stated. If no price is mentioned, the publication is distributed free*
Trade of Pacific Coast States with West Coast of South
OFFICE OF THE SECRETARY
America, by Spencer B. Greene and Robert M. Lane. Trade
Laws and Regulations for Protection of Fisheries of Information Bulletin No. 525; ii+26 pages. Price, 10£.
Alaska.—Department Circular No. 251. 14th -edition. 34
Nicaragua: Commercial and Economic Survey, by Harold
pages. Contains the text of laws, parts of laws, .Executive Playter, American consul at Corinto, assisted by Andrew J.
orders, and Commerce Department regulations relating to the McConnico, American consul at Bluefields. Trade Promotion
fisheries of Alaska.
Series No. 54; vi-f-158 pages, 10 illustrations, map. Discusses
PHot Ladder.—Compiled and promulgated by American natural resources, agricultural and other industries, transportaMarine Standards Committee. American Marine Standard tion, communications, finances, banking, and foreign trade of
H No. 20-1927; 3 pages, 1 illustration. Issued to promote Nicaragua. Price, 300.
uniformity of practice among shipbuilders who make their
own ladders. Price, 5,0.
BUREAU OF STANDARDS
Propeller Shaft Details: Tail Shafts and Stern Tube
Bearings, Propeller Keys, Propeller Nuts, Stern Tube Stuffing
Simplified Practice Recommendations.
Boxes.—Compiled and promulgated by American Marine
No. 2. Bedsteads, Springs, and Mattresses, ii+7 pages. Price, 50.
Standards Committee. American Marine Standards E No.
No. 69. Packaging of Razor Blades, ii+8 pages, 1 illustration. Price, 6&
5-1927 to E No. 8-1927, inclusive; ii+13 pages, 11 illustrations.
Technical News Bulletin, December, 1927. 16 pages. ConIssued to promote uniformity of practice in design and manu-, tains
items describing the laboratory activities of the bureau
facture of propelling machinery for vessels. Price 50. „
a list of publications issued during tjtie preceding- month.
Radio Service Bulletin, December, 1927.—21 pages. and
Annual subscription, 25$.
Published monthly by the Radio Division of the Department of
United States Government Master Specification for Ink,
Commerce. Contains lists of radio stations and references to Marking,
current radio literature. Single copies, 5$; annual subscript Price, 50. Indelible, for Fabrics. Circular No. 197; 4 pages.
tion, 25£.
BUSINESS
BUREAU OF THE CENSUS
(For information concerning plan of publication and distribution of census publications, address the Director of the Census).
Census of Religious Bodies, 1926.—UNITARIANS. Shows,
denominational history, dpctrine, and organization of the,
Unitarian Church, with general statistics concerning membership, value,.and amount of church property, debt, expenditures,
etc. 12 pages, paper, price, 5j6.
,
Cotton Production and Distribution, Season of 1926-27
(Bulletin 162).—An annual report showing production, consumption,, imports, exports, and stocks of cotton and number
of cotton spindles and active spindle hours; cottonseed received,
crushed, and on l^and and cottonseed products manufactured,
shipped out, and on hand. 68 pages, paper, price, 10$.
Financial Statistics of Cities Having a Population of Over
30,000: 1926.—Preliminary report showing assessed valuation
of property, levies of general property taxes, total revenues*
governmental-cost payments, and net debt. 23 pages, paper.
Forest Products, 1926, Lumber, Lath, and Shingles.—An
annual report, compiled in cooperation with the forest Service
of the Department of Agriculture, and presents statistics showing production of lumber by kinds of woods; amount cut, etc.,
distributed by States, 23 pages, paper, price, 50.
Census of Agriculture, 1925: PART I, THE NORTHERN
STATES.—Shows farms and farm property, livestock, crops, etc.,
for the United States as a whole, distributed by States, and
detailed county statistics for the Northern States. 1318 pages,
cloth bound, price $1.75. PART II. THE SOUTHERN STATES.—
United States summary and detailed county statistics for the
Southern States; 1338 pages, cloth bound, price, $1.75. PART
III, THE WESTERN STATES.—United States summary and
detailed county statistics for the Western States; 512 pages,
cloth bound,,price, $1. ,
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
Monthly Summary of Foreign Commerce of United States,
November, 1927, Parts I and lh—PART I contains statistics of
exports of domestic merchandise, and imports by articles for
November, 1926 and 1927, and for 11 months ended November,
1926 and 1927. PART I t contains summaries of export and
import trade; \ monthly average import and export prices;
statistics of trade with Alaska, Hawaii, and Porto Rico. Single
copies, Part I, 100; Part II, 50. Annual Subscription, $1.25.
Double Taxation Relief.—Discussions of Conventions
t i
C
Drafted at IInternational
Conference
of E
Experts, 1927, d
Other Measures, by Mitchell B. Carroll, with introduction by
, Thomas S. Adams. Trade Information Bulletin No. 523;
iv-f 31 pages. , This bulletin relatea to international double
taxation and the conventions concluded between different
countries to relieve this situation. Price, 10^.
Latin American Budget: Part Hi, Colombia and Venezuela,
by James C ^Corliss. Trade Information Bulletin No. 524;
ii-f-45' pages. The public finances of the countries named are
the subject of this bulletin. Price,. 10$.
,
• • \
; ;
;•)
BUREAU OF MINES
Potash Mining in Germany and France, by George S. Rice
and John A. Davis. Bulletin 274; vi+92 pages, 17 illustrations, 3 pages of plates, map. Discusses location and methods
of working potash mines in Germany and France, with a history
of the industry in the two countries. Price, 25$
petroleum Refinery Statistics, 1926, by G. R. Hopkins. Bui*
letin 289; iv+92 pages, 4 charts.1 Shows production, consumption, stocks, and trade of petroleum refineries, and automobile registrations and taxes in different States. Price, 20$.
Index to Bureau of Mines Publications. 48 pages.
Mineral Resources of United States, 1924.—PART I: METALS.—
vii + 112a+589 pages, 15 charts. Price, $1. PART JI: NON-:
METALS!—x-f 728 pages, 31 illustrations, 2 plate$. Price, $1.
Mineral Resources of United States, 1925.—The reports on
mineral resources are first issued in the form of separate bulletins
of which the following have been release*} since the December
announcement and may be obtained at the price indicated: {
Coal in 1925. ( P t II, pp. 393-533.) Price, 25^5.
,
/
Gokaand By-products in 1925. (Pt. II, pp. 535-615.) £rice, 15(6.
Mineral Resources of United States, 1926.r—The following
have been released since the January announcement and may
be obtained at the price indicated:
. - Phosphate Rock in 1926. (Pt. %l, pp. 273-280.) Price, 5*.'
'
Silver, Copper, Lead, and Zinc in Central States jn 1926. (Pt. I, pp. 181-215,)
Price, 1<#. ,
>
Stone in 1926. (Pt. II, pp. 211-243.) Price, 5£.
',
Zinc in 1926. (Pt. I , pp. 227-247.) Price, 5£..
Analyses of Indiana Coals*—Technical Paper 417; iv+50
pages, 1 illustration. Price, 100.
BUREAU OF NAVIGATION
American Documented Seagoing Merchant Vessels of 500
Gross Tons and Over, December, 1927.—ii+6$ pages. Published monthly. Single copies, 100; annual subscription^ 75£.
COAST AND GEODETIC SURVEY
Manual of First-Order Traverse, by Casper M. Durgin and
Walter D. Sutcliffe, Special Publication Ifo. 137; iv-f 133
pages, 42 illustrations. Summarizes the methods used by tlje
Coast and Geodetic Survey in obtaining first-order traverse in
the field and in office computations. Price, 30$h
United States Coast Pilot, Philippine Islands: Part I, Luzon,
Mindoro, and Visayas.—Serial No. 399; iv-j-396 pages, 4 illustrations, map. Descriptions of the coast and adjacent waters
of the different islands of the Philippines. Price, 75£.
LIGHTHOUSE SERVICE;
Light List, Lower Mississippi River and Tributaries, 15th
Lighthouse District, 1927, ^corrected to November 15. List of
aids, to navigation maintained by the United StAtesc'Oii the
Mississippi River from, the mouth of the Missouri River
to
I^ Orleans, and on the Red River. Price, 200.. / !
'I .-f;'
THE WORLD'S BUSINESS IN REVIEW
Latest Facts and Figures on the Commerce
and Industry of 61 Countries are given in the,
Commerce Yearbook of Foreign Countries
Published by the Department of Commerce, Bureau of Foreign and Domestic Commerce
Purpose of book
What the book contains
,To provide a convenient
source of iixform^tion on current trends in international
industry and trade for—
Exporters
Importers
Bankers
Manufacturers
Economists
Publicists
Students
ana others interested in world
business.
Volume I, which has been
previously issued, tells the detailed story of United States
commerce and industry in
1926. The two volumes to*
gether constitute a complete
and authentic picture of the
trade and industry of the
world during that period.
Economic reviews of each
individual country including
discussions on—
Production
Transportation
Labor conditions
trice movements
Public finance
Currency and exchange
Foreign trade
Analyses of trade—
Total exports and imports
Over a long period
Exports and imports by
principal commodities
and countries
Trade with the United
Stated
Comparative world statistics
by countries-—
Area and population
Agriculture
Manufacturing
Transportation
Communications
Finance
Bound in Buckram
Price, $1.25
i 642 Pages
10 Maps
6$ Charts
Obtainable from the Superintendent of Documents, Washington, D. C.» or from any Branch
Office of the Bureau of Foreign and Domestic Commerce Shown Below:
ATLANTA: 538 Post Office Building
BALTIMORE: 2 2 Light Street
BOSTON: 1801 Customhouse
CHATTANOOGA: 1301 Market Street
CHICAGO: Room845. 33 S. Clark Street
CINCINNATI: Chamber of Commerce
CLEVELAND: Chamber of Commerce
DES MOJNES: 121 Federal Building
DETROIT: 607 Free Press Building
GALVESTON: Cotton Exchange Building
HOUSTON: Chamber of Commerce Building
JACKSONVILLE: 30$ Greenleaf-Crosby Building
KANSAS CITY: Chamber of Commerce
LOS ANGELES: 1163 S. Broadway
LOUISVILLE: Board of Trade Building
MEMPHIS: Chamber of Commerce Building
MINNEAPOLIS: 213 Federal Building
MOBILE: 317 Meaner Building
NEWARK: Chamber of Commerce
NEW ORLEANS: 322 Post Office Building
NEW TORK: 734 Customhouse
NORFOLK: 406 East Plume Street
PHILADELPHIA: Room 812,20 S. Fifteenth Street
< PORTLAND, OREG.: 215 New Post Office Building
ROCHESTER: Chamber of Commerce
ST. LOUIS: 1201 Liberty Central Trust Co. Building
SAN FRANCISCO: 310Customhouse
SEATTLE: 820 Skinner Building
WILMINGTON; D E L : Suite 13,000, Du Pont Building
@FedFRASER