Full text of Survey of Current Business : February 1929

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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
FEBRUARY, 1929
No. 90

•COMPILEP BY

BUREAU OF THE CENSUS
IN COOPERATION WITH

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
'

,

,

'AND

BUREAU OF STANDARDS

IMPORTANT NOTICE
In addition to figures given f^om Governnient sources, tftere are also incorporated for completeness of
service figures from other sources generally accepted by tfye trades, thk authority and responsibility
for which are noted in the "Sources of Data" on pages 139^142 of the present issue

Subscription price,of the SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents, semiannual issues, 25 cents.
Foreign subscriptions, 32.25; single copies (monthly issues); including postage, 14 'cents; semiannual issues,, 36 cents* Subscription
price of COMMERCE .REPORTS is $4 a year; with th$ SURVEY, $5.50 a year. Make remittances only to Superintendent of Documents,
Washington, D. C., by postal money order, express order, or Ne^ York draft. Currency at sender's risk. Postage stanips 01 foreign
money not accepted



INTKODUCTION
SURVEY OF CURRENT BUSINESS is designed to
> each month a picture of the business situation
^setting forth the principal facts regarding the yarilines of trade and industry. The figures reported
_., very largely those already iti existence. The
lef function of the department} is to bring together
jse data which, if available at aliiare Scattered
hun4reds of different publications. A portion of
tjbpse data are collected by Government departments,
c|ther figures are compiled by technical journals, &nd
rttl others are reported bv trade associations.
| At semiannual intervals detailed tables are pyblished giving, for each item* monthly figures for the
' *• two yearp and yearly comparisons, where availt, back to 1913; also blank lines sufficient for six
have been left at the bottoni of ea6h table,
rr,,
0- those who care to do Jo to enter new figures
jais soon as they appear (see Tables 1 to 117). In the
|jiii$rvening months the more important comparisons
taly ate giv^n in the table entitled "Trend of busiipiefcs movements.''
,
Kj
WEEKLY SUPPLEMENT
• I
-B
, ,
,
-, \\
Realizing that current statistics ai;e highly perish-,
,_ |e and that to be of use they mu&t reach the business
JEM at the eariiest possible moment, the department
Mail arranged to distribute supplements every week to
jaubseribersin the United States. The supplements are
^stially mailed on Saturdays $nd give such information
ikb'has been received during the week ending on the
preceding Tuesday. Tfye nionthly information conplained in these bulletins is repubUshed in the SURVEY,
$nfl ttie supplements also c6ntain charts and tables
of Weekly data.
RELATIVE AND ti^DEX NUMBERS
facilitate comparison between different impor*
items and to chart series expressed in different
ujnits, relative numbers (often called **index num3ier$," a teirm referring more particularly to a Sipecial
Ind of number described bellow) have been calctite4- The monthly average for 1923-^1925 has
atially bedn used ^s a base equal to 100,
'jTEe relative numbers are computed by allowing the
njionthly average for the base year or period to equal
If the movement for a current month is greater
the base, the relative number will be greater than
|0, a&d vice versa. The difference between 10Q and
idi relatiye number will give at once the per cent
increase or decrease compared with the base perio<L
jfb[u8 a relative number of 115 means an increase of 1?
wr cent over the base period, while a relative number
of 80 means a decrea^e^of 20 per cent from the base.
11 Belative numbers may ^l^o be used to calculate the
^jpbroximate percentage increase or decrease in a move*
ant from onp perio4 to the next. Ttus, if a relative
[paber ^.t one month is 120 and for a latermontl* it
144 there has been an increase of 20 per cent,
When two or more series of relative numbers are
by a system of weightings, the resulting
is denominated an index number, The ihdex
by combining man^r 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 most instances the charts used in the SURVEY
OF CURRENT BUSINESS are rf the type termed "Ratio
Charts" (logarithmic scale), notably the Business
Indicator charts on page 2. These charts show the
percentage increase tod allow direct comparisons
between the slope of one curve and th$t of any other
curve regardless of its location on the; diagram; that
is, a 10 per feent increase in an item is "given the same
vertical movement whether its curve is near the bottom or near the top of the chart* The difference
between this and the ordinary arithmetic form of
chart can b$ made clear by an example-^ If a certain
item having a relative number of 400 in one month
increases 10 per cent in the following mdnth, its
relative number will be 440, and on an ordinary
chart would be plotted 40 equidistant scale joints
higher than the preceding months. Another movement with a relative number of, s^ty, 50 also increases
10 per cent,^ making its relative number 55. On the
brdinary (arithmetic) scale this item would rise only 5
equidistant points, whereas the previous item rose 40
points, jret each showed the same percentage increased
The rat/io charts avoid difficulty and give to each
of thq two movements exactly the same vertical rise,
and hence the ^lo^s of the two lines are directly
comparable. Th$ ratio charts .compare percentage
changes, while the arithmetic charts compare absolute
changes*
, " - . ' ' ,
RECORD BOOK
As an aid to readers in comparing present data
with monthly statistics in previous years, the department is compiling a RECORD IJook OF BUSINESS
STATISTICS, in which data now carried in the SURVEY
09 CURRENT BusrtfE^s are shown by months as far
back as 1909, if available* Full Descriptions pf the
%ures and reports of how the data are used in actual
practice by busine$s firmp are contained ui the RECORD
BOOK. The sections covering textiles and metals have
already been issued and^may be obtained for 10 cent&
per copjr from the Superintendent of Documents, Government Printing Office, Washington* Dl C. (Do not
send stamps.) Notices of other sections will be givfen
in the SURVEY as they are issued.
METHODS OF USE
Methods of using and interpreting current business
statistics have been cpllected by the department
from many business concerns and are described in a
bopklet entitled "How to Use Current Business
Statistics/'^tdgether w;ith methods ^collecting statistics* Thfe booklet may bo obtained from the
Superintendent of Documents, government Printing
Office, Washington, I}. C., at 15 cents per copy. (Do
not send stamps.)

i I Thty issue presents practically complete data for the month of December and contains iext Covering the early weeks
cf January (page |)> for which the basic figures in table and chart form are presented regularly in the weekly supplements.
As most data covering a particular month's business are not available until from 15 to 30 days after the close of the montht
4 complete picture of that month's operations can not be presented ait an early date, but the weekly supplements give
week the latest data available.
/



UNITED STATES DEPARTMENT OF COMMERCE

SURVEY OF
CURRENT BUSINESS
COMPILED BY

BUREAU OF THE CENSUS
IN C O O P E R A T I O N WITH

BUREAU OF FOREIGN AND DOMESTIC COMMERCE AND BUREAU OF STANDARDS

No. 90

February, 1929

WASHINGTON

CONTENTS
SUMMARIES

Page

Preliminary summary for January
1
Monthly business indicators (table and chart)
2, 3
Annual statistical summary of commerce and industry__
4, 5
Review of commerce and industry in 1928
6
Automobiles, building, mining, manufacturing, electric
power, and transportation (charts)
7
Weekly business indicators (table)
'; . _
8
Automobile production in the United States (revised)
9
Life-insurance lapses
9
Wholesale prices (table and charts)
_ _ _ _:
10, 11
Business conditions in December
__
12
Prospective carloadings, first quarter of 1929 _ _ .
20
Sources of data
__
_._
139
Index
143

INDEX BY SUBJECTS

Text
page

Textiles
;
Metals and metal products
Fuels
Automobiles
,
Rubber
Hides and leather
Paper and printing
:
Building construction and housing
Lumber products
Stone, clay, and glass products
_
Chemicals and oils
'_"_
Foodstuffs and tobacco
ji _ _ _ _ _ _
'.
Transportation and public utilities
_
Employment and wages
Distribution movement (trade, advertis., etc.)Banking, finance, and insurance
Foreign exchange and trade

14
15
16
16
16
16
16
17
17
17
18
19
13
19
19
19

Table
page

27
35
34,51
49
54
57
59
64
66
73
77
86
100
108
116
123
135

PRELIMINARY SUMMARY FOR JANUARY
Business during the early weeks of January, as
indicated by the volume of check payments, was
greater than in the corresponding period of 1928.
Steel plants showed greater productive activity in
January than in either the previous month or January
of the preceding year. Activity in automobile factories, as reflected by Detroit employment, showed
considerable expansion over both the previous month
and January, 1928. The volume of new building
contracts awarded during the early weeks of the month
showed only slight change from the corresponding
period of the preceding year.
Loans and discounts of Federal reserve member
banks showed substantial recession during the month,
but were higher than a year ago. Interest rates on
call loans averaged lower than in December, while
time money rates showed but little change. Rates
on both time and call funds were higher than a year
ago. The general index of wholesale prices was
28914°—29




1

slightly higher than in December and showed a gairi
of about 2 per cent over January, 1928. rStock
prices averaged higher than in either the preceding
month or January of the preceding year. Prices for
bonds, reflecting higher interest rates, w6r6 'lower
than in either period. Brokers' loans reached a new
high point during the month. The Federal reserve
ratio averaged higher than in the preceding month,
but was lower than a year ago. Business failures were
more numerous than in December, but showed a
decline from January, 1928.
The production of lumber was higher than in December, showing a gain also for the early weeks over
the corresponding period of 1928. The output of
bituminous coal was running higher than in either
prior period. Gar loadings of freight showed a gain
over the corresponding period of 1928. Petroleum
production was running higher than in either the
previous month or the corresponding period of the
preceding year.
(1)

MONTHLY BUSINESS INDICATORS, 1923-1928
[Ratio charts—see explanations on inside front cover. The curves on check payments, wholesale trade, sales of mail-order houses, 10-cent chains, and department
stores have been adjusted for seasonal variations, and manufacturing and mineral production for the varying number of working days in the month as well]

1923 | 1924 I 1926 { 1926 I 1927 1 1928




CHECK PAYMENTS (141 CENTERS)

1. i 1 1 1 i

i 1 1 1 . . i i • i. i i . . I

i.. i

INTEREST RATE, COMMERCIAL PAPER

MONTHLY BUSINESS INDICATORS
The principal business indicators are shown below, all calculated on a comparable basis, the average for the years 1923 to 1925,
inclusive. Thus the table gives a bird's-eye view of the business situation in a concise form, so that trends of the principal indicators
may be seen at a glance.
Certain indicators, in which there is a marked seasonal movement, are shown with the average seasonal variations eliminated,
as noted below. In this manner a more understanding month-to-month comparison may be made.

ins in* in*

mm

IMG

1928 Nov. Deo.

1927

ins

in?

MONTHLY AVERAGE

Jan. Feb Mar Apr. May June July Aug. Sept. Oct. Nov. Dec.

1923-1925 month!/ average=lOO
Industrial production:
* Total manufacturing
* Total minerals
Pig iron
_
Steel ingots
Automobiles
Cement
. . ...
I/umber (s species)
Cotton (consumption)
Wool {consumption)

,,. .^.^^

__ _

_ ..

Raw material output:
Animal products.. _.
Crops
Forest products ..
..
Crude petroleum.. .
Bituminous coal
Copper
Power and construction:
Electric power
Building contracts (37 States)
Unfilled orders:
General index
U. 8. Steel Corporation

101.0
105.0
111.7
104.8
101.7
92.1
98.6
105.9
112 8

94.0
96.0
86.7
88.7
90.8
99.8
96.2
89.7
94.6

105.0
99.0
101.5
106.4
107.5
108.1
105.2
104.4
92.6

108.0
107.0
109.0
113.1
108 4
110.0
101.5
108. £
89.7

106.0
107.0
101.0
104.6
85.7
115.3
94.9
120.2
97.0

111.0 98.0
106.0 101.0
105.5 88.6
120.2 90.5
109.8 40.6
118.0 116 3
94.4
106.8 122.1
94.7 97.8

99.0
103.0
90.2
91.9
40.4
96.5
82.9
105.0
88.0

107.0
103.0
96.1
115.4
70.1
78.6
75.8
114.2
95.2

110.0
103.0
106.6
124.5
124.0
108.4
98.4
102.3
82.0

110.0
105.0
109.9
121.6
128.8
139.3
101.2
112.5
92.7

110.0
99.0
103.1
108.3
120.0
140.8
97.4
99.5
87.1

111.0
101.0
102.8
110.3
118.6
140.6
92.7
85.7
80.4

113.0
105.0
105.0
120.9
139.5
150.9
90.4
102.6
95.2

116.0
108.0
102.5
120.0
125.6
143.9
79.1
95.9
91.8

120.6 119.0 104.1
108.6 105.7 96.8

100.0
92.0
99.0
99.4
108.0
93.4

104.0
104.0
97.0
96.9
92.5
100.2

96.0
104.0
104.0
103.7
99.5
106.4

96.0
109.0
98.0
104.6
109 7
110.2

97.0
113.0
93.0
122.3
99.0
104.9

99.0 92.0
119. 0 166.0
93.0
122.2 121.3
94.3 92.9
114.9 103.2

88.0
120.0
86.0
122.1
94.4
101.9

96.0 94.0 97.0 95.0
98.0 81.0 77.0 81.0
81.0 87.0 96.0 96.0
117.8 110.9 122.2 117.5
101.6 94.9 100.9 73 9
103.8 102.2 106.6 105.7

108.0
72.0
101.0
122.5
84.1
111.8

116.0
52.0
97.0
118.1
82.6
111.0

108.0
87.0
88.0
122.9
83.3
111.3

97.0
114.0
90.0
126.8
94.4
116.7

92.0
178.0
78.0
124.5
94.8
118.8

102,0 93.0 92.0
251.0 179.0 152.0
84.0
129.5 123.8 129.4
115.6 105.7 99.6
131.1 129.5 129.9

92.5
89.7
121.7
125.8

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

106.6

110.0
105.0
107.1
130.4
125.0
82.3
96.3
113.3
98.7

114.0 111.0
114.0 113.0
112.9 110.5
134.5 123.2
120.1 77.7
141.1 124.5

112.0
112.0
112.8
116.1
70.5
98.1

98.1 109.5 122.6 183.3 146.0 137.1 143.8 144.9 137.0 144.5 136.7 142.2 139.8 142.4 149.8 145.2 158.0 154.5 156.9
92.7 117.6 111.0 106.8 121.4 105.2 95.2 96.0 103.7 132.7 142.4 143.5 142.2 123.7 lias 114.2 129.1 111.1 98.2
87.0
83.6

Stockii
General index
94.5 102.0
Manfd. commodities (28) ... . 93.8 103.2
Cotton
_
102.5 91.4
Copper (refined)
106,4 113.9
Employment:
Factories

111.0
103.0
97.1
117.0
97.9
70.8
86.7
111.6
102.0

91.3
90.6

84.6
82.1

74.0 76.2
71.1 80.7

103.5 114.6 120.8
103.0 106.3 127. 0
106.2 145. 5 153.1
73.1 64.8 85.4

96.3 97.2

98.0

122.7
127.3
123. 8
58.4

94.3 91.9

67.1 71.5
72.4 83.2

81.2 81.6
89.5 92.1

81.4
90.8

76.8 73.9
81.1 71.6

75.2
76.2

77.1 74.7
74.8 75.9

74.7
77.4

71.5 72.7
78,6 76.9

74.0
83.3

134.5 133.3 128.7 129.9 126.8 122.4 116.3 108.3 105.0 107.5 116.0 132.9 138.4 140.2
152.3 149.7 139.0 137.2 131.6 125.3 113.8 101.9 95.3 108.8 119.5 149.0 156.3 156.7
200,2 195.9 178.8 159.1 135.8 117.7 95.5 74.7 58.6 52.4 89.5 155.1 181.4 187.7
80.3 84.2 85.2 76.8 77.1 64.4 58.6 52.0 48.5 48.4 45.8 40.3 46.1 67.8

91.6

90.7

89.8 91.2

91.8

91.4

91.2

91.3

90.3

91.7

93.1 93.9 93.5

93.6

97.8
99.9
97.6
98.1

97.1
97.4
97.6
99.9

106.5
102.8
104.9
102.3

98.6
99.3
107.6
102.3

94.9 100.7 99.3 99.3 99.3 97.8 99.3
94.7 97.0 96.0 96.1 95.6 95.7 95.3
103.6 102.9 104 6 104.2 103.6 101.3 101.2
99.9 98.7 99.9 99.9 99.2 98.4 98.1

101.4 107.2 105.1 105.1 100.7
96.7 97.9 96.9 97.6 98.2
101.6 102.8 102.0 102.1 103.0
97.9 98.4 98.0 98.0 98.0

102,2 99.3 97.1
99.4 97.1 96.0
105.4 104.8 105.1
99.3 99.3 99.3

97.1
96.0
104.1
98.7

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
98.0
92.0
88.0
97.8
91.5

96.7
98.0
99.0
98.0
99.0
93.1
100.8

111.9
101.0
103.0
110.0
113.0
109.0
107.8

119.6
98.0
106.0
115.0
125.0
114.3
105.5

132.5
95.0
106 0
120.0
138.0
108.0
106.8

158.2
94.1
108.0
137.0
150.0
105.5
112.6

132.1
95.0
107.0
119.0
140.0
106.6
121.4

136.9
93.0
111.G
128.0
147.0
102.5
107.4

161.8
89.2
103.0
117.0
147.0
106.9
95.9

156.9
94.1
120.0
154.0
165.0
99.0
111.1

161.0 165.1
94.8 96.8
105.0 107.0
140.0 141.0
148.0 151.0
110.0 101.1
145.1 143.5

172.3
91.9
117.0
165. 0
164.0
105.0
125.1

Transportation :
• Car loadings
Freight, net ton-miles

99.8 97.6 102.8 106.8 105.1 104.7
102.2 95.9 101.9 109.1 101.5

95.2
99.8

96.8
92.7

121.4
92.8
92.2
114.9
171.6
190.0
85.3

123.2
92.8
86.5
115.6
171.1
193.7
120.3

Finance:
Member bank loans and discounts. 94.1
Interest rate (commercial paper) . .116. 2
Federal reserve ratio
99.0
Price, corporation bonds
96.4
Price, railroad stocks
86.0
Price, industrial stocks
86.1
Failures (liabilities)
106.0




98.5
90.0
104.1
99.9
96.1
91.9
106.8

107.4
93.5
96.9
103.6
117.9
122.0
87.2

112.9
100.9
96.0
108.0
133.4
132.4
80.4

117.3
95.4
99.1
112.5
162.7
171.4
102.2

126.8
112.8
89.1
113.0
174.5
214.8
95.6

142.1
95.1
105.0
113.0
140.0
104.6
108.2

149.6
97.0
105.0
116.0
142.0
108.7
97.8

164.8
92.8
105.0
113.0
142.0
117.8
110.8

98.0 101.8 129.0
97.2 95.7 105.8
121.9
92.8
95.5
115.9
169.1
193.5
112.3

* Seasonal adjustments.

120.9
92.8
96.0
115.8
164.7
191.2
106.3

123.3
95.8
95.6
115.7
170.1
204.8
129.3

168.8
96.2
104.0
132.0
144.0
109.6
111.1

165.4
89.2
104.0
144.0
153.0
98.2
102.3

140.4
93.7
108.0
153.0
148.0
98.4
99.8

149.9
98.5
106.0
160.0
144.0
107.3
100.1

83.0 106.4 127.0 82.0 102.9 132.4 85.2 105.8 102.4
96.1 105.2 100.0 105.0 113.6 117.3 129.2 124.6
127.3
101.6
90.9
116.0
176.0
210.4
82.5

126.9
104.4
89.2
115.0
178.9
213.6
85.2

128.4
113.2
84.7
112.3
169.6
202.1
70.3

126.6
119.0
88.9
110.9
170.3
206.1
69.8

125.6
124.8
90.0
109.8
173.8
213.4
137.3

127.3
130.6
86.5
111.0
178.5
226.9
80.1

128.3 129.8
127.6 124.8
87,0 84.5
111.3 112.0
176.4 186 0
234.5 252.6
82.5 95.8

135.4
124.6
80.2
110.7
180.3
229.0
96.2

STATISTICAL SUMMARY jOJ* COMMERCE AMD INDUSTRY: 1924-1928
The following table contains a review of production
and*distribution by principal industries and branches
of commerce for the year 1928, with comparisons
since 1924, On the following page is given a table of

commodity stocks, as well as of unfilled orders, as of
December 31, 1928, with similar: data for earlier comparable periods. A text discussion reviewing the
year is given on page 6.
.
r.

VOLUME OF PRODUCTION AND DISTRIBUTION IN 1928
ITEM

1935

1936

1937

1938

75,345

70,264

76,095

85, 548

86,922

4,547

5,113

5, 175

4, 882

4,726

243, 513 276, 504

316, 489

-1934

-FOODSTUFFS
Corn grindings (bu.—000 omitted) . .
Sugar meltings (long tons —000
omitted)
Oleomargarine production (Ibs.—
000 omitted)
Butter production Qbs.—000 omitted_. _ _ _ _ . . _ _ _ .
..
Condensed and evaporated milk
production (Ibs.—000 omitted) ...
Egg receipts (cases—000 omitted)...
Pish eaten (Ibs —000 omitted)
Meat production, inspected slaughter (Ibs.—000,000 omitted):
Beef products ' _ _ _
...
Pork products
Lamb and mutton -products
Cottonseed-oil production (Ibs —
000,000 omitted) .
Wheat-flour production (bbls. —
000,000 omitted)

231,523 234,814

,356,080 , 361, 526 1, 451, 760 , 894, 550 ,456,709
, 201, 310 1, 208, 450 1, 170, 461 , 579, 872 , 823, 436
15,404 15, 476
16, 139
15, 601 16,204
204,054 239, 411 264,665 288, 674

5,328
8,820
456

5,480
7,323
467

5,711
7,273
501

5, 277
7,731
502

4,727
8,579
523

1,155

1,512

1,764

1,807

1,460

133

125

127

124

537, 760
5,522
366

526, 285
6, 433
501'

510, 033
6, 684
502

551, 529
7,405
551

538, 354
6,576
571

4,246

5,053

4,836

5,770

3, 136

313, 229

323, 552

324, 513

343, 608

9,969

13, 850

12, 351

12, 738

40, 229

45, 738

42, 265

44, 985

24,440

27, 361

26,455

24, 298

TEXTILES AND CLOTHING
Consumption (000 omitted) :
Wool (pounds)
i
Cotton (bales) _ _ _ _
_
Silk (bales)
Production (000 omitted) :
Fine cotton goods (pieces)
Boots and shoes (pairs—000
omitted)
Knit underwear (dozen garments —000 omitted)
_ __
Hosiery (dozen pairs—000 omitted)
Men's and boys' suits (dozen—
000 omitted) .
. _._

45,991
31,088
36, 811
2,638
64

54,766
36,401
44, 141
3,522
76

58,360
39, 070
46, 936

3

'11

52, 933
36,232
43, 398
3,287
72

56,823
37, 838
49, 853
3,948
79

613, 548 619, 595
830, 133 909, 147

535, 848
793, 377

590,928
842, 117

638, 533
872, 509

2,660

2,998

2,894

3,060

3,280

1,001

981

1,040

923

1,000

348

386

514

498

528

94

150

162

138

237

1,554
82, 200

1, 216
77,364

1,755
80, 100

1,074
54,291

550
39,436

PRODUCTION OF FUEL AND
POWER
Goal (short tons—000 omitted) :
Anthracite
Bituminous
__
Coke (short tons—000 omitted) :
Total
Petroleum products (000,000 omitted):
Crude petroleum (bbls. —42 gal.)
Gasoline (bbls.—42 gal.)
Kerosene (bbls. —42gal.)_.
Lubricants (bbls. —42 gal.)
Gas and fuel oil
Electrical energy, central stations
(kw. hours—000,000 omitted):
Total
By water power
By fuels
PAPER
P r o d u c t i o n ( s h o r t tons—000
omitted) :
Newsprint _ _ _
Book paper
..
Wrapping paper
Wood pulp




1936

1937

193S

BUILDING AND BUILDING
MATERIALS
Contracts awarded (36 States—
000,000 omitted):
Total floor space (sq. ft.)
Total value (dolls.)
.
Lumber production (board feet—
000,000 omitted):
Southern pine
Douglas
fir
_ _
California redwood
California white pine
Western pine
_
North Carolina pine
Northern hemlock
_.
Northern hard woods. _.
_
Northern pine lumber
Northern pine lath
Oak flooring
Maple flooring
Brick production (000 omitted):
Face brick (average per firm)
Cement (bbls.—000 omitted) :
Production
Shipments
Sanitary enamel ware shipments
(pieces—000 omitted) :
Baths
Lavatories
Sinks
—

706
4,486

899
5,822

843
6,103

812
6,084

928
6,397

5,441
5,866
578
1, 153
1,651
580
245
. 400
516
130
418
103

5,680
6,528
520
1,399
1,812
650
254
362
559
145
550
106

5,374 . 5,174
6,322
5, 972
508
487
1,485
1,092
1,641
1,561
594
614
193
210
347
360
488
486
119
126
575
526
113
115

4,994

7,988

8,671

8, 661

8,929

148, 859
145, 747

161, 202
156, 724

164, 070
161, 781

171, 908
170, 922

175, 968
175, 455

1,148
1,323
1,445

1,326
1,528
1,551

1,195
1,365
1,364

1,131
1,252
1, 314

1,115
1,264
1,316

3,210
393

3,769
497

3,819
482

2,947
455

3,827
531

38,804
699
53,093

45,727
782
62,049

46, 179
578
57, 515

48, 536
570
52, 697

98
99
97

110
113
118

115
125
143

120
138
174

137
150
208

24
1,158

26
1,223

29
1, 272

30
1,115

29
1,194

316

344

367

376

377

4,591
3,610

4,910
4,228

4,809
4,431

4,866
4, 185

5,129
4,091

134
98.1
146
163

147
103.5
157
168

136
100.0
161
168

131
95.4
155
164

139
97.6
154
162

282
3, 784

452
3,433

449
3, 12

584
3,680

921
2,962

67.18
115. 08
74.32

82.48
152. 65
77.04

93.27
165. 70
80.36

113. 81
214. 54
83.69

122.06
268. 92
.84. 06

459
1,227
587
197
357
497
105
94

87, 927
483,687

61, 817
520, 053

84,437
573, 367

80, 096
517, 763

76, 734
492, 755

44, 270

51, 267

56, 866

51, 092

52, 091

714
213
60
27
320

764
260
60
31
365

77
300
62
3
36

894
33
56
3
39

900
377
60
35
424

58,992
20, QIC
39, 012

65,604
22,32C
43, 284

79,72
29,55
50, 17

87,854
34, 750
53, 104

A u t o m o b i l e p r o d u c t i o n (000
omitted) :
Passenger cars
Trucks
Rubber tires, production (000
omitted):
Pneumatic tires
Solid tires and cushions
Inner tubes
DISTRIBUTION
Sales (index numbers) :
4 mail-order houses
5 ten-cent chains
__
32 grocery chains
Advertising, agate lines (000,000
omitted) :
Magazine
Newspaper, 22 cities. _ ._ __
Postal receipts (dollars—000,000
omitted)
Foreign trade of United States
(dollars—000,000 omitted):
Exports
Imports _ _
PRICE INDEX NUMBERS

RAILWAY EQUIPMENT
Locomotive shipments (number) __
Freight-car shipments (number) . _ _ _

1935

1934

AUTOMOBILES AND TIRES
13, 194

METALS AND EQUIPMENT
Production (000 omitted) :
Iron ore consumption (tons)
Pig iron (long tons)
Steel ingots (long tons)
Steel sheets (short tons) _
Tin (consumption—long tons)..
Production (short tons) :
Zinc
-LCopper
New orders:
Structural steel (short tons —
000 omitted)
Steel castings (short tons—000
omitted)
' '
Fabricated steel plate (short
" tons —000 omitted)
Machine tool orders (index
number)

ITEM

Farm prices (rel to 1909-1914)
Wholesale prices (rel. to 1926)
Retail food prices (rel. to 1913)
Cost of living (rel. to July, 1914)
BANKING AND FINANCE

1,481
1,23]
l,01f
4,135

1,53
1,28
1,08
4,17

73,34
26,18
47,60

1,68
1,34
1,07
4,52

1,48
1,33
1,08
4,15

1,415
1,509
1,116
4,184

Securities:
Sales (000,000 omitted)—
Stocks (shares) ...
_.
Bonds, total (dolls.).
Prices, m o n t h l y average
(dolls.)—
25 railroad stocks
25 industrials
40 bonds _
Banking and insurance (dollars—
000,000 omitted):
Life insurance, new business...
Check payments (debits)—
Outside New York City...
New York Citv
Interest rates, average (per
cent) —
New York call loans
Commercial paper 60-90
days
Business failures:
Liabilities (dollars—000,000
omitted)
Firms (number) _ _ _ _ _ ___ ...

8,949

10, 757

11, 421

11,296

12,228

227, 94S
263, 531

256, 415
313, 372

268,935
339, 056

281, 460
391, 557

306,201
500, 211

3.08

4.2C

4.5C

" 4. 06

6.04

2.97

3.2C

3.56

3.4

4.87

54.:

444I
21, 214I

40£
21, 772

52
23,14

487
23,842

20, 6 If

STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1924-1928—Continued
STOCKS OF COMMODITIES HELD AT YEAR-END INVENTORY PERIOD^
1935

1936

1938

1937

Unit

COMMODITY

Nov. 30

Dec. 31

Nov. 30

Dec. 31

Nov. 30

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
i 1, 768, 399

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
69,854
978
2,362
1, 841, 645

65, 345
465, 976
3, 790
215, 665
165, 070
206,162
96,468
6,800
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
U,806,747

76,947
578,280
4,408
205, 573
158, 834
190,228
90, 506
6,100
28,390
22,982
2,707
3,275
54, 855
46, 289
64,035
47,765
47, 920
882
117,490
64,539
768
2,291
1,922,743

79, 633
516,634
5,472
234,429,
143,080
160, 899
140, 775
7,500
7,223
16,935
9,627
4, 143
67, 257
70.985
89,970
74,325
64,201
3, 547
79, 173
77, 677
752
2, 887
11,680,461

84, 557
43, 786
85,966
68,297
56,104
1,415
108,968
78, 095
783
2, 792
1,750,089

i 373, 010
6,664
46, 813
5,738
957
273,686

346, 678
7,305
49, 824
5,834
1,096
282,653

1 375, 714
8,010
47, 130
6,856
1,011
281, 620

8,312
52, 478
6,710
1,063
265,932

l 357, 107
7, 526
52,069
7,568
1,073
249, 673

303,668
7,364
53, 540
7,640

369, 816
6,820
49,806

7, 056
48,908

MOO

1,164
259,330

1,210

242,300

Thous. of long tons
Short tons
•„ Barrels...
Short tons _.
Long tons

41,686
143, 282
53,607
6,922
1,904

36, 898
165,481
46,100
9,295
2,654

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

37,582
150,104
52,606
40,751
1, 573

40,080
174,028
45, 365
46,542
3,603

36,147
191, 429
46,464
45,441
2,428

M feet b. in.....
M feet b. m
M feet b. m
M feet log measure
M feet b. m
M feet b. m .
Tons
Thous. of bbls
Thousands
Number
Number
Number
Barrels
Barrels

1,152,743
644, 318
20,024
4,000
43,204
25,072
3,488
14, 534
1,713
110,011
222,032
228,659
45,046
196,939

1, 065, 538
674, 249
11, 591
1,754
60,145
26, 309
3,246
16,243
2,104
161, 391
225, 645
274,422
63,650
184,405

1,164,232
690, 157
12,202
1,907
77,279
27, 721
3, 545
20, 679
2,241
177,331
265,400
306, 431
58,321
208, 789

1,194,404
624, 651
12, 149
3,646
79,899
27, 610
3,810
16,022
2,777
151,673
201, 577
230,14$
77, 676
247, 954

1,207,534
667, 618
13,037
3,615
74,773
29,527
3, 118
21,082
2,832
163,354
212,004
239,022
81, 939
248,755

952, 395
562, 528
11, 668
2,359
80, 331
21,960
4,045
17, 769
2, 553
165,738
195, 323
242,837
83,472
246,178

978, 954
666,914
11,396
1,884

175,104
207,940
268,426
90, 371
271,187

7,810
158
13,592
200,932
43,638

7,856
168
12,030
195, 980
42,014

7,635
161
28, 643
158, 717
41,662

7,734
161
20,877
156, 872
45,198

M34
151
34,691
120,828
41,980

34; 469
126,880
42,034

Nov. 30

Dec. 31

Dec. 31

FOODSTUFFS AND TOBACCO
Beef products
Pork products
Lamb End inutton
Sugar (raw at refineries)
Cottonseed oil
Cottonseed cake and meal
Whejat (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
Eggs case
•.
Poultry
Fish
Coffee (visible, United States)
Rice (domestic)
Tobacco

73, 564
Thous. of lbs_.
418, 737
Thous. oflbs.
_
1,549
Thous. of Ibs
92, 709
Long tons. _
H 1,965
Thous. of lbs.__
222, 271
Short tons _ .
49, 774
Thous. of bush. _
7,800
Thous. of bbls
3,077
Thous. of bush.
68,584
Thous. of bush
6,705
Thous. of bush.
10,533
Thous of bush
33, 710
Thous. oflbs
74, 754
Thous. of Ibs. ._.
83, 568
Thous. oflbs
66, 495
Thous. oflbs
-.
39, 336
Thous. of Ibs.
3,786
Thous. of cases
86,
733
Thous. oflbs
61, 849
Thous. of lbs._
789
Thous. of bags
1, 091
Thous. of pockets
i
1,
754,
596
Thous. oflbs
•_„

_.-

98, 853
528,505
5,625
221, 196
133, 837
182,173
142,532
17,790
17, 118
9,250

CLOTHING MATERIALS
Thous. of Ibs
Thous. of bales
Bales - .
Thous. of doz. pairs...
Thous. of dozens
.
Thous. of Ibs

\Vool crease eouivalent (mills and dealers)
Cotton (mills and warehouses)
Silk (warehouses)
Hosiery
Knit underwear
Hides and skinp
METALS
.Iron ore
Steel sheets
Steel barrels .
Zinc
Tin (United States)

*

- -

CONSTRUCTION MATERIALS
Yellow pine .
...
California white pine
Walnut 1 umber
Walnut logs
Oak flooring
Maple flooring
Roofing felt . . -—
Cement
Face brick"
_
_
Bftths (flTiftTOfil)

Lavatories (enamel) .
Sinks (enamel)
_
Turpentine (3 ports)
Rosin (3 ports)
—

_

1, 165, 620
642, 798
19,831
2,569
44, 715
28,440
4,234
18, 515
1,978
123,600
228, 838
260,981
51,247
220,479;

24,674
4,600
22,573

RUBBER AND PAPER
Pneumatic tires
_
Solid tires and cushions..
Newsprint (at mills)

W<x>d pT?lp, mfichflTiical - ^ , , -

Wood pulp, chemical

_

•
r

*. Thousands . _ .
_. Thousands.
Short tons
Short tons
.
Short tons
.... _

5,229
159
17,418
194,400
42,660

6,119
150
16,238
194, 062
41,872

i Quarter ending Sept. 30.

UNFILLED ORDERS FOR SPECIFIED COMMODITIES
JUNE 30—

Unit

COMMODITY

Hosiery
„
Kjiit underwear . „ . , , ,
Cotton finishing
Pyroxylin coated textiles
Sheets, blue, black, and galvanized
Steel (U. S. Steel Corporation)..
T jQCQmati v^S

Oak
flooring
_
Maple
flooring
Baths (enamel)
Small ware (enamel)
Face brick.
Common brick
Freight cars
Ships
Furniture
__
Boxboard
JlliiTninating
glassware




DECEMB ER 31—

__ _.
_

Thous. of doz. pairs..
Thous. of dozens
Days
Thous. of linear yds
Short tons
Thous. of long tons
Number
M feet b. m
M feet b. m
Number
Number
Thousands.
Thousands
Number
Thous. of gross tons
No. of days' supply
Short tons
No. of weeks' supply

1935

1936

1937

1938

1935

8,302
2 935
4 0
1,730
440 687
3 710
411
50,092
9,498
111 797
252 991
1,153
326 226
27, 458
186
56
92 401
2 3

6,229
2 391
42
2 374
422 237
3 479
667
41, 744
7 612
80 050
172* 026
1,130
220 078
34' 874
199
60
109 559
2 5

6 342
2 614
55
2 671
399 562
3 053
400
45, 528
11 634
45 479
115 375
1,113
254 191
21 956
219
53
94 847
13

4 goo
2 053
36
4 226
526 798
3 637
201
49 002
10 500
121 061
315 920
950
260 970
12 446
264
46
77 782
13

6 206
2 730
56
1 677
677 907
5 033
708
61 103
9 076
83 831
189 157
770
253 490
40 015
232
66
107 756
19

1936

1938

1937

5 100
1 562

5 395
1 912

2 523
529 940
3 961

2 979

' R t)

' QQQ>

35
9
49
127

995
706
804
104
673
311 979
18 481
q-M

42

oa Kan
1 A

'0 Q

7dV ^Q^

3 973
' 909
27 887
8 736
qq 1«A

104 774
730
224 825
12 431
*9TU

29

74. 79Q
1 0

1'e526
a
3 543

Percentage
change
Dec. 3i,
1928, from
June 30,
1928

26 7

r *«: R
Ifi 9

KQo' AQ4.

J_1O A

q 077
909

_L4fl *l

7 988
39 182
118 100
109 701

12 671
' 94
qn
04. 174.
1 fi

in q

23 9
ft7 fi

an c

qn f\
-1- 1 R
04 A

— IK 9
i 91 1
i
-J-zl.
-1 Ifi A.

6

REVIEW OF COMMERCE AND INDUSTRY IN 1928
The year 1928 on the whole was the year of greatest
production and trade in American history in spite of
low activity in some branches of industry at its beginning. The year marked a continuance of the longest
period of general business stability ever witnessed in
the United States.
Though at mid-year such important industries as
textiles, in the manufacturing group, and agriculture
and coal of the raw-material industries, were lagging
somewhat behind the general trend, conditions in these
industries at the close of the year indicated a turn for
the better.
Practically without interruption, industrial activity,
if allowance is made for seasonal changes, showed
gains month by month during the year, and this
without any abnormal increase in commodity stocks.
The quantitative index of manufacturing production,
the most complete measure of industrial activity,
exceeded the previous high record of 1927. The construction industry, which for the last few years has
had such an important part in creating new demands
for manufactured products and for labor, showed
considerably larger activity than has ever before been
recorded. The automobile industry regained its previous stride and for the year registered the largest
production on record. Retail trade, as reflected by the
volume of business transacted by mail-order houses,
10-cent chains, and department stores, was also
larger than in any previous year. The total volume
of money turnover, as indicated by check payments
(not counting New York, City, where speculative stock
transactions greatly affect the total), showed a gain of
9 per cent over 1927, which itself had made the highest
record up to that time.
Agriculture for the year as a whole was on a sounder
basis. Prices of livestock and animal products reached
higher levels and crop yields were large, showing a gain
of almost 8 per cent over the average of the last 10 years.
Grain prices since August have been relatively low.
The cotton situation has been about normal.
The output of electric power continued to increase
rapidly. The production of steel lor the first time in
history practically reached 50,000,000 tons. Copper
production by smelters was larger than in any previous
year. New orders for machine tools also reflected
the great industrial activity which was witnessed
during the year.
These are some of the major results during 1928.
Many other less comprehensive indicators point in
the same direction. Despite the continued large
growth in rayon manufacture, the consumption of
silk by textile manufacturers, with a gain of 3j^ per
cent over 1927, was about twice as great as in the so-




called " silk-shirt" era of 1919. Shoe production was
slightly larger than in 1927. The consumption of tin
was greater than in any previous year. Cement output reflected the large demands of the building program. The record-breaking production of automobile
tires reflected the high activity in the automobile
industry. Business failures during 1928 showed
smaller liabilities than in the preceding year, although
the number of individual failures was larger.
In the textile industry, consumption of wool and
cotton showed curtailment of approximately 3 and 11
per cent, respectively, from the previous year, due to
exceptional conditions peculiar to the industry, but
here indications are not lacking that conditions have
turned for the better. The movement of freight on
the railroads, for the year as a whole, was somewhat
smaller than in 1927, but during the closing months
was heavier than in the corresponding period the year
before. The index of factory employment, which
does not fully reflect the newer and more active industries, averaged slightly lower than in 1927 in keeping
with the general tendency to add to output by improved methods and greater use of capital, setting
free workers to take part in the growing fields which
render services as distinguished from making commodities. The closing months of the year recorded
decided increase in employment.
Wholesale prices and the general index of cost of
living, although somewhat higher than in 1927, showed
declines from 1925 and 1926.
Savings reached a new maximum in 1928, as indicated by gains in savings deposits, bailding-loan
association resources, and new life-insurance business.
The year just closed provided investors larger dividends and interest payments than ever before, while
Christmas savings reached a new high point. Activity on the stock exchanges during 1928 was unparalled,
while prices for stocks reached new high averages.
The foreign trade of the United States showed larger
exports during 1928 than in any year since the close of
the postwar boom, when price levels were much higher.
The gain, as has been usual in recent years, was largely
in exports of manufactured goods, which were 8 per
cent greater in value than in 1927. Imports were
somewhat smaller in value than in the preceding year
and considerably smaller than in 1926, but the declines
are largely due to lower prices of silk and rubber.
If allowance is made for the effect of lower prices, the
resultant index would disclose an almost unbroken
upward tendency in imports since 1921. In all,
American business closed its books at the end of 1928
with greater volume, broader stability, and wider
markets than ever before in history.

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

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

100
§80

111
Q
z
MINERAL NDEX

40

1920

1922

1923

1924

1925

1926

1927

1928

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

140

120

mi

MANUFACTURING

PRODUCTION (ADJUSTED)

80

60

1920




1922

1923

1924

1925

1926

1927

1928

8

WEEKLY BUSINESS INDICATORS
[All data, except Fisher's index (1926=100), are relative to the weekly average for 1923-1925 as 100]

i

1

i

1

1

j
+B

i

|

d

3
1 £

|

1937
Nov. 5 86.0 92.6 105.5 38.4 117.8 86.3 130.7 108.4 96.1
12
19
26

77.9 85.8
74.6 85.6
87.0 97.0 105.5 37.1 118.5 102.8 114.4 101.7 96.4
72.8 85.4
88.0 102.6 104.5 33.5 118. 4 133.1 128.3 101.0 96.5
91.0 90.6 96.4 35.1 119.9 120.1 125.1 87.7 96.7 96.5 73.2 85.1

Dec. 3 87.0
10 80 0
17 83.0
24 88.0
31 75.0
1938
Jan. 7 88.0
14 93.0
21 97.0
28 101.0

92.9 102.3 34.3 119.4 102.4 156.8
99.4 104.5 33.1 119.4 142.9 132.6
100.4 102.3 34.3 118.0 124. 9 120.0
100.7 88.2 35.5 116.8 121.1 132.8
81.5 57.3 33.9 116.2 104. 4 103.4
101.1
111.5
99.8
103.9

72.7
97.3
101.4
103.2

34.3
36.7
33.9
36.3

95.5
91.5
90.5
86.5
70.9

96.5
96.8
95.6
96.0
96.0

114.2 56.2 154.9 78.6 95.5 105.4
113.9 109.2 138.0 94.6 95.1 102. 3
114.3 104.3 130.0 92.2 95.7 103.9
113.1 137.3 117.1 94.2 95.5 102.3

g

1

fl

1 1

i1 ]l
II I 1
1 i
a

94.9 176.-4 293.8 132.3
95.7 128.9 263.8 127.2
97.8 133. 8 236.5 123.4
98.6 99.6 191.2 99.7

56.2
74.9
91.8
71.8

120.3
120.7
121.1
121.1

96.0
94.3
91.4
92.8
91.9
91.2
89.3
86.7
86.2

73.2
71.3
71.3
72.8
73.9

85.0
84.8
84.8
84.8
84.7

100.0 112.0 195.8 113.9 98.5 121.7
100.8 80.6 175.4 106.3 98.1 122.2
99.3 74.2 142.7 104.1 109.2 122.4
100.0 64.3 119.6 65.2 80.3 122.9
100.0 59.7 125.4 51.9 78.9 123.5

73.2
71.7
71.0
67.6

84.7
85.1
85.3
85.6

100.7
100.0
100.0
100.7

57.4 .81.2 72.8 106.9 125.1
62.5 83.1 93.4 109.4 123.6
77.8 68.1 86.7 132.5 122.6
74.8 66.9 80.4 130.4 121.6

1
|

ures

i
I

•o
rtfl

-d
c

in ess

si

1

BANKING AND FINANCE

ra tes

s
1
i
ft

w

|
I
•c

ing,

ENDING
SAT.2—

awards

r

WEEK

RECEIPTS

WHOLESALE PRICES

Time-money

TRADE

PRODUCTION

TJ

1

?

jsi
ll
P

87.9 100.0 177.9 110.2 114.0 87.7
84.8 94.3 182.1 110.4 105.7 87.8
84.8 97.1 184.7 110.7 108.6 88.0
84.8 97.1 184. 7 110.8 93.6 88.5
110.8
110.8
110.9
110.8
110.9

110.6
122.6
123.6
122.4
103.9

89.8
89.4
91.3
84.6
92.6

86.7 115.1 97.1 187.2 110.6
91.2 100.0 97.1 184'. 9 111.0
93.8 97.0 102.9 183.7 110.9
96.8 90.9 100.0 186.5 110.9

125. 1
154.3
148.9
158.7

96.8
97.8
99.9
101.0

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

Feb. 4 109.0 103.7 101.4 35.9 113.6 94.4 122.2 96.6 96.0 101.5 65.4 85.6 100.7
11 111.0 100.0 104.5 37.1 113.3 117.3 118.0 94.5 97.0 100.0 68.0 86.0 100.7
18 112.0 96.2 106.4 38.8 113.4 114.9 110.1 92.6 96.8 103.1 67.6 86.0 100.0

71.3 70.4
71.1 64.6
63.2 60.0
64.0 50.8

86.4
76.6
79.7
73.7

135.4
124.7
138.2
132. 5

122.1
121.3
121.1
120.4

95.1
95.6
95.5
96.4

109.1
112.1
109tl
103.0

100.0
102.9
105.7
105.7

184.5
183.5
182.0
181.1

110.9
110.9
111.0
110.7

140.3
134.2
127.8
118.7

101.8
103.8
104.5
105.4

Mar. 3 109.0 103.0 101.4 39.6 113.2 111.0 123.7 100.1 96.9 104.7 69.5 86.5 100.0

74.0
82.4
78.3
65.0
69.0

45.4
46.5
68.1
67.7
71.5

69.3
68.7
70.6
71.8
74.7

119.7
111.4
114.3
103.4
104.6

121.2
121.2
122.6
122.2
123.3

95.6
96.0
95.9
96.9
95.2

109.1
103.0
109.1
109.1
112.1

105.7
105.7
105.7
105.7
105.7

182.4
185.4
189.7
194.3
197.5

110.6
110.6
110.9
110.9
110.9

126.8
125.3
117.0
115.0
134.6

107.9
108.9
110.0
111.0
111.3

Apr. 7 112.0 73.4 103.2 37.6 115.0 153.9 145.1 95.9 97.6 110.9 73.2 86.4 101.4

55.6
56.3
52.5
52.0

65.0
59.6
58.8
65.0

68.4 81.0 126.3 94.3 121, 2
70.3 67.9 126.1 92.4 13d 3
80.4 75.3 126.1 92.9 118.2
91.8 81.4 125.8 92.0 , 121. 2

111.4
111/4
114.3
114.3

197.3
199.7
199.0
198.0

110.9
110.8
110.7
110.7

108.8
102.7
116.5
100.7

111.8
113.0
114.1
114.5

25

10
17
24
31

111.0 104.4 108.6 39.2 112.8 122.2 105.3 90.7 96.6 105.4 69.9 86.0 100,0
108.0 106.6 99.1 40.8 113.1
109.0 102.0 102.3 40.8 114.7
111.0 101.3 106.4 40.8 114.6
112.0 95.5 107.3 41.2 115.8

110.0
139.4
145.1
140.7

126.6
114.4
134.5
118.5

99.2
98.3
99.1
99.1

96.8
97.3
98.2
98.1

107.0
105.4
109.3
109.3

69.5
71.7
72.8
72.4

86.7
86.7
86.2
86.3

100.7
100.7
100.7
100.7

14 111.0 76.1 102.3 37.1 114.4 155.2 120.0 95.2 98.9 111.6 75.4 86.4 101.4
21 111.0 81.2 108.6 35.5 114.9 135.2 119.9 98.5 99.4 120.9 75.4 85.9 101.4
28 111.0 84.1 104.5 37.6 115. 4 149.4 122.3 100.3 99.7 127.9 80.5 85.9 101.4

May 5 112.0 83.9 100.5 37.6 114.4 140.3 143.3 102. 2 99.8 131.0 78.7 85.9 101.4 .81.2 65.4 94.9 77.0 127.6 90.6 127.3 114.3 201.8 110.5 125.8 114.7
12
19
26

112.0
111.0
108.0

86.1 100.5 35.5 113.1 148.8 132.9 104.5 99.6 127.1 81.3 85.9 102.2
84.0 93.2 32.7 112.3 153.2 140.6 104.7 99.6 117.1 79.8 85.8 103.6
85.9 98.2 33.5 112.9 154.7 129.9 106.5 98.8 118.6 77.6 85.8 104.3

June 2 104.0 75.7 94.1 29.8 113.5
9 104.0 86.3 98.2 29.8 113.5
16 100.0 85.6 94.1 27.8 113.2
23 96.0 86.1 94.1 27.3 114.1
30 95.0 86. 6 100. 5 28. 2 114. 5

144.0
168.7
143.3
186.2
175.9

105.0
144.3
133.0
141.2
119.0

97.4
103.9
104.6
102.9

98.0
97.6
97.8
97.9
98.4

120.2
117.1
115.5
115.5
112.4

77.6
77.6
77.9
80.1
83.8

85.8
85.7
85.7
85.0
84.7

105.1
105.1
105.1
105.1

84.4 66.2
93.8 50.8
60.8 38,5

79.4
78.8
76.6

54.4 37.3 73.1
48.8 24.2 81,6
39.1 34.2 76.8
36.3 23.5 72.9
53.5 26.5 76.6

79.7 127.2 90.5 136.4 114.3 204.8 110.5 127.0 115.9
81.2 127.5 89.9 136.4 120.0 203.6 110.4 108.6 116.1
94.6 126.8 90.3 145.5 125.7 199.7 109.8 104.7 117.1

92.6
101. 8
85,7
83.0
76.7

127.2
126.8
127.0
126.3
126. 0

88.9
88.6
87.2
89.0
88.6

145.5
145.5
139.4
148.5
166.7

128.6
128.6
131.4
134.3
137.1

201.2
197.8
190.1
186.9
191.8

109.6
108.9
108.4
108.4
108.4

84.5
119.9
108.4
109.8
103.9

117.6
119.0
118.9
118.8
118.7

66.6
77.7
69.2
59.5

128.7
126.7
126.0
125.6

84.4
87.6
89.7
90.2

157.6
160.6
136.4
133.3

137.1
137.1
137.1
137.1

195.4
192.0
191.4
194.3

108.6
108.1
107.4
108.3

87.7
114.5
104.7
87.5

119.5
120.0
122.2
123.7

July 7
14
21
28

95.0
93.0
91.0
93.0

70.1
88.3
88.7
92.0

114.5
114.8
115.3
114.5

152.1
128.8
116.2
198.0

133.6
130.3
128.4
112.1

88.7
106.9
107.8
107.8

98.8
99.3
99.9
99.9

105.4
99.2
97.7
91.5

84.2
80.9
77.9
77. 6

84.4
84.2
84.3
84.5

105.1 93.2
105.1 179.2
105.1 235.8
105.1 290.5

Aug. 4

11
18

25

95.0
95.0
99.0
99.0

89.9 93.2 24.5 115. 4
92.4 90.9 24.1 114.7
91.9 92.3 27.8 117.4
95.2 90.0 27.8 118.9

124.3
122.2
128.5
115.5

118.9
112.7
117.4
114.2

109.4
108.9
110.2
112.7

99.7
99.4
100.1
99.9

88.4
81.4
81.4
80.6

73.2
71.0
70.2
70.2

84.4
84.3
84.3
84.6

105.1
105.1
105.1
105.1

313.0 5.0 74.4 64.3 126.9 88.5 160.6
254.0 16.9 81.0 58.4 126.4 89.7 160.6
233.6 20.8 92.4 55.8 125.9 89.9 154.5
201.0 42.3 94.9 57.5 125.6 69.8 166.7

137.1
142.9
148.6
148.6

195.0
194.3
195.5
201.4

107.0
106.9
106.9
109.2

104.2
115.5
99.3
92.6

125.6
126.6
129.9
132.6

Sept. 1
8
15
22
29

99.0
101.0
101.0
105.0
112.0

96.8 90.0 26.1 120.2 109.4 105.2
91.7 85.9 29.8 119.7 96.7 111.0
104.6 90.9 29.8 120.3 123.9 125.9
102.8 90.9 31.0 120.5 199.6 142.8
113.4 90.9 32.7 120.5 162.7 126.2

116.5
103.4
118.7
119.2
124.8

100.0
99.7
100.3
99.8
99.3

82.2
82.2
81.4
82.9
85.3

70.2
71.3
65.4
68.0
71.0

84.8
84.8
84.9
85.1
85.2

105.1
105.1
106.5
108.0
108.7

195.4
189.2
222.4
231.1
249.1

148.6
148.6
160. 0
165.7
168.6

206.4
209.1
209.9
211.1
210.4

107.3
107.7
107. 8
107.9
107.9

95.6
78.9
99.5
107.4
98.3

135.0
135.7
135.9
134.5
133.2

67.7
97.3
100.5
96.4

24.5
28.6
25.3
24.1

24.6 61.4
30.4 87.7
9.6 113,0
10.0 73.7

71.5
122.3
137.3
202.7
256.5

97.2 55.5 125.9 89.7 178.8
95.9 53.0 126.8 88.5 181.8
120.3 58.7 126.5 87.7 178. 8
140.5 61.3 127.0 86.3 187.9
121.8 72.3 126.5 88.4 163.6

Oct. 6 113.2 113.3 90.9 33.5 121.2 180.6 150.3 123.8 99.3 85.3 70.2 85.3 108.7 279.1 303.8 121.8 56.1 127.6 89.5 178.8 165.7 209.4 107.8 105.4 132. 4
13
20
27

115.8 115.7 90.9 37.1 120.3 130.6 129.1 124.1 99.4
115.8 111.1 92.3 40.4 120.2 134.1 137.6 121.2 98.9
113.2 115.4 92.3 40.8 121.2 144.8 135.3 121.2 98.4

86.0 72.1 85.6 108.7 231.0 293.1 102.5
84.5 73.9 85.9 108.7 286.4 360.4 124.7
82.9 71.3 86.1 110.1 188.7 308.1 127.2

68.3 127.3 87.2 157.6 165.7 210.8 107.8 86.0 132.6
76.4 127.6 86.8 166.7 155.3 216.7 107.9 119.4 130.8
86.1 127.6 87.7 160.6 160.0 207.1 107.9 122.1 129.2

Nov. 3 114.5 114.3 92.3 39.6 119. 9 122.4 131.0 115.1 97.9 86.8 71.3 86.3 113.0 154.4 295.0 108.5 71.6 128.6 86.7 181.8 160.0 216.7 108.1 103.2 127.3
10
17
24

113.2 108.2 90.0 42.9 119.9 104.0 127.4 109.9 97.6 85.3 71.7 86.5 114.5 116.8 217.3 88.6 73.8 128.8 89.9 154.5 160.0 220.8 108.3 89.2 126.4
109.2 112.1 86.8 40.4 119,6 85.1 128.2 110.5 97.7 87.6 72.4 86.8 114.5 109.0 245.4 113.6 96.1 128.1 87.0 151.5 160.0 225. 1 108.3 108.1 125.1
106.6 112.7 90.9 38.0 120.3 113.4 151.6 107.3 97.3 88.4 75.4 87.4 114.5 139.1 264.6 104.7 101.5 129.1 88.3 157.6 160.0 230.7 108.1 117.0 124.0

Dec. 1 109.2 101.6
8
15
22
19

110.5 115.0
107.9 113.2
105.3 113.4
107.9 70.7

80.9
92.3
90.0
85.0
45.0

35.1
38.8
38.0
35.9
34.3

120.3
121.0
122. 3
122.5
123.9

171.2
106.0
101.6
105.5
116.7

133.4
135.9
140.9
150.6
119.3

93.8
102.7
100.6
93.7
69.6

97.3
97.1
96.8
96.9
97.2

88.4
87.6
86.0
86.0
85.3

76.1
75.0
75.4
75.0
75.7

87.3
87.3
87.5
87.5
87.5

114.5 140.9 274.6
114.5 103.0 266.2
114.5 112.2 225. 0
114.5 98.6 197.7
117.4 68.6 200.0

1939
Jan. 5 110.5 101.1 74.5 38.8 124.4 64.4 164.2 83.3 97.0 83.7 73.5 87.6 119.6
12
19
26

110.5 119. 7 96.4 43.3 124.5 93.4 154.8 95.3 97.1 83.7 74.6 87.5 119.6
109.2 119.9 102.3 46.9 126.9 109.6 141.3 97.2 97.2 88.4 75.0 87.5 120.3
97.8 92.2 73.9 87.6 121.7
110.5 120.8 99.1 44.5 127.8 110.6 137.7

67.7 73.8 130.1 84.1 181.8
93.4 123.6 131.0 83.6 218.2
94.0 117.9 130.3 82.8 190.9
63.9 118.5 130.8 83.2 178.8
40.2 80.3 131.1 79.5 251.5

56.5 140.8 65.8 106.9 135.7 79.9
56.7 118.5 77.2 120.6 130.9 85.5
52.9 87. 7 89. 2 130.7 129.3 86.5
71.9 95.4 67.7 111.6 128.5 89.4

200.0
154.5
169.7
145.5

160.0
168.6
177.1
188.6
191.4

233.9
225,0
219. 7
222.2
231.5

108.0
107.6
107.3
107.2
107.3

102.5
110.1
123.3
120.6
88.2

122.9
121.4
120.9
110.5
121.4

182.9
174.3
177.1
177.1

240. 5
238. 7
240.0
245.8

107.4
107.4
107. 3
107.3

116.2
156.0
143.2
128.0

125.9
127.4
129.1
130.9

i Sources of data are as follows: Bituminous coal and beehive coke production from U. S. Department of Commerce, Bureau of Mines; Lumber production, based on four
associations, from the National Lumber Manufacturers Association; Petroleum production (crude) from American Petroleum Institute; Loadings of freight cars from American
Railway Association; Building contracts from F. W. Dodge Corporation; Receipts of wheat from Bradstreet's; Receipts of cattle and hogs from U. S. Department of Agriculture,
Bureau of Agricultural Economics; Receipts of ootton from New Orleans Cotton Exchange; Wholesale prices (Fisher's index), based on 1923-24 as 100, from Professor Irving
Fisher; Price of cotton, middling, from New York Cotton Exchange; Price of iron and steel, composite, from Iron Trade Review; Price of wheat, No. 2, hard winter, Kansas
City, 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 & Co.; Detroit employment! from The Employers' Association of Detroit.
a The actual week for all items does not always end on the same day.




9
AUTOMOBILE PRODUCTION IN THE UNITED STATES
[Number of vehicles]
1913

1914

1915

1916

1917

1919

1918

1920

1021

1922

1923

1924

1925

1926

1927

1928

MONTH

TOTAL PASSENGER CABS AND TRUCKS
January ._ ..
February
March..
April
'_
May.
June
July
August..
September
October
November
December
Total
Monthly av—_

35,662
35, 663
45,273
60, 335
57, 199
53, 581
34, 808
31, 416
29, 860
28,537
32, 276
40,390

4j5,644
48, 482
60, 211
70, 367
56,354
44, 975
30, 987
48,373
53,523
44,264
32, 698
33, 176

485,000
40,417

569, 054
47, 421

31, 253
49, 309
94, 311
101, 910
88, 390
91,059
65,604
82, 082
98,861
89, 127
84,769
93, 255

107, 402
12:4, 546
162, 074
152, 529
155, 950
139,794
120, 755
106, 623
140, 281
134, 393
140, 255
133, 106

122, 002
144, 674
165, 622
172,045
185, 721
172, 656
164,764
146, 454
162, 883
165, 333
156, 716
115, 079

92, 208
106, 962
132, 142
153, 673
143, 003
118, 859
118, 060
89,542
59, 555
50,311
43, 244
63, 127

93, 779
114, 598
146, 091
165, 229
176, 484
166, 575
164, 831
165, 414
180, 786
207, 222
190, 321
162, 265

187, 937
188, 030
229, 212
173, 398
210, 019
225, 677
209, 652
205, 205
188, 514
165, 298
134, 975
109, 432

53, 237
70, 599
11'2, 453
152, 201
156, 805
190, 520
176, 870
181, 270
158, 760
148,009
116, 644
79, 455

89, 374
117, 871
171,487
219, 394
255, 622
278, 876
245, 755
290,838
203, 927
232, 824
232,923
225, 285

245, 889
278, 091
359, 476
379, 138
395, 555
380, 110
331,844
348, 216
327,720
366, 461
314,504
307, 008

318, 589
370, 569
383, 424
375, 868
315, 177
251,900
269, 812
284, 693
296, 382
294, 553
234,611
207,062

240, 579
283, 638
374, 406
433,792
419,056
398, 524
398, 947
260, 236
325, 728
441, 981
372, 271
316, 672

308, 998 238, 908
363, 652 304, 735
433, 467 394, 513
439, 336 406, 382
425, 167 405, 648
386, 269 323, 817
359, 610 269, 396
426, 851 309; 994
398, 938 260, 310
334, 421 219, 682
256, 301 134, 370
167, 924 133, 571

231,728
323,796
413, 327
410, 104
405, 783
396,796
392,076
461,298
415,294
397, 112
256, 935
235, 135

969, 930 1, 617, 708 1, 873, 949 1, 170, 686 1, 933, 595 2, 227, 349 1, 596, 823 2, 544, 176 4, 034, 012 3, 602, 540 4, 265, 830 4, 300, 934 3, 401, 326 4, 357, 384
80, 828 134, 809 156, 162
97, 557 161, 133 185, 612 133, 069 212, 015 336, 168 300, 212 355, 486 358, 411 283, 444 363, 115

PASSENGER CARS

January
February _ _ . ___
March
April .
May..
June
July ..
August. __
September
October.
November
__
December .

34,483
34, 423
43, 887
57,584
54,871
51, 512
33, 165
29,227
27,035
25,902
30, 639
38,781

44,364
46, 609
57, 972
67, 990
53, 521
42, 991
29,236
46,793
52, 095
41,588
30, 538
29, 982

Total
Monthly av_

461, 509
38, 459

543, 679
45, 307

28,304
44, 919
88,583
95, 537
81,054
83,813
59, 111
76, 246
91, 797
80, 539
78, 193
87,834

100, 806
117, 460
153, 175
143, 371
147, 840
133, 363
112, 810
99, 330
132, 115
125, 889
131, 841
127, 578

116, 815
138, 759
157, 882
163, 618
175, 583
162, 926
154, 638
132, 234
148, 572
152, 088
140, 837
101, 840

895, 930 1, 525, 578 1, 745, 792
74, 661 127, 132 145, 483

81,611
95, 202
112, 279
130, 361
118, 638
97, 194
93,909
67, 058
39, 591
30, 119
29, 941
47, 533

76, 422
97, 126
124, 559
145, 359
154, 792
144, 805
142, 135
140, 479
154, 119
177, 270
161, 600
138, 986

80,194 224, 549 287, 198
45, 397
60, 326 104,936 254, 808 337, 045
98,941 152, 311 324, 314 347, 164
137, 640 197, 903 340, 283 337, 238
144, 097 232, 439 350, 279 277, 284
177, 086 252, 704 338,424 220, 794
165, 616 223, 823 300,896 242, 177
167, 756 246, 867 317, 141 254, 610
144,670 184, 485 300, 647 262, 695
134, 774 211, 164 335, 836 260, 244
106, 081 210, 955 286,006 204, 323
70, 727 205, 142 277, 947 179, 233

157, 115
158, 921
193, 641
149, 457
182, 027
192, 826
181, 051
176, 234
160, 520
138, 031
118, 944
96, 793

211, 765
249, 397
329, 115
385, 058
374, 289
359, 595
356,688
222, 314
266, 506
396,590
333, 742
283,934

278, 995
326, 472
388, 703
389, 954
378, 826
343,388
320, 411
383, 227
354, 355
292, 562
222, 419
139, 850

199,650 205,646
264, 171 291, 151
346, 031 371, 821
358, 682 364, 877
358, 725 375, 863
280, 620 356,622
237, 811 338, 792
275, 585 400, 593
226, 443 358, 872
183, 042 339, 976
109, 758 217, 256
106,083 205, 144

943, 436 1, 657, 652 1, 905, 560 1,453,111 2, 302, 923 3, 651, 130 3, 210, 005 3, 768, 993 3, 819, 162 2, 946, 601 3, 826, 613
78,620 138, 138 158, 797 121, 093 191,910 304, 261 267,500 314,083 318,264 245, 550 318,884

TRUCKS

January,
February
_
March
April
May
June.July
_. „
August.
September
October
November
__
December

1,179
1,240
1,386
2,751
2,328
2,069
1,643
2,189
2,825
2,635
1,646
1,609

1,280
1,873
2,239
2,377
2,833
1, 984
1,751
1,580
1, 428
2,676
2,160
3,194

2,949
4,390
5,728
6,373
7,336
7,246
6,493
5,836
7,064
8,588
6,576
5,421

6,596
7,086
8,899
9,158
8,110
6,431
7,945
7,293
8,166
8,504
8,414
5,528

5,187
5,915
7,740
8,427
.10, 138
9,730
10, 126
14,220
14, 311
13, 245
15, 879
13, 239

10, 597
11, 760
19, 863
23,312
24, 365
21, 665
24, 1'51
22,484
19,964
20, 192
13, 303
15, 594

17, 357
17, 472
21, 532
19, 870
21, 692
21, 770
22, 696
24,935
26,667
29,952
28,721
23,279

30, 822
29, 109
35, 571
23, 941
27, 992
32, 851
28,601
28, 971
27,994
27, 267
16, 031
12, 639

7,840
10, 273
13, 512
14,561
12, 708
13, 434
11,254
13, 514
14,090
13, 235
10, 563
8,728

9,180
12, 935
19, 176
21, 491
23,183
26, 172
21, 932
23, 971
19,442
21,660
21,968
20,143

28,340
23, 283
35, 162
38, 855
45, 276
41, 686
30, 948
31, 075
27, 073
30, 625
28,498
29,061

31, 391
33, 524
36, 260
38, 630
37, 893
31,006
27, 635
30,083
33,687
34,309
30,288
27,829

28,814
34, 241
45, 291
48, 734
44, 767
38,929
42, 259
37, 922
59,222
45,391
38,529
32, 738

30,003
37,180
44,764
49, 382
46, 341
42,881
39, 199
43, 624
44,583
41, 859
33, 882
28,074

39, 258
40, 564
48, 482
47,700
46, 923
43, 197
31,585
34, 409
33,867
36, 640
24, 612
27,488

26, 082
32, 645
41,506
45,227
49,920
40, 174
53,284
60, 705
56,422
57, 136
39, 679
27, 991

Total
Monthly av.._

23,500
1,958

25, 375
2,115

74,000
6,167

92, 130
7,678

128, 157
10,680

227,250
18, 938

275, 943
22,995

321, 789
26, 816

143, 712
11, 976

241, 253
20,104

382, 882
31,907

392, 535
32, 711

496, 837
41,403

481, 772
40, 148

454, 725
37,894

530, 771
44, 231

1
Data through June, 1921, compiled by the National Automobile Chamber of Commerce from actual monthly reports from the principal producers, covering close to 90
per cent of the industry, from quarterly reports of other member companies, prorated to monthly figures according to the relative output of the larger companies, and from
annual figures of small nomnember companies, covering the balance of the industry, prorated to monthly figures according to the relative output of the companies reporting
on a monthly or quarterly basis. Beginning with July, 1921, figures are actual reports from practically the entire industry compiled by the 17. /S. Department of Commerce,
Bureau of the Census, including data from the National Automobile Chamber of Commerce. Figures for passenger cars include taxicabs and those for trucks include ambulances, funeral cars, fire apparatus, street sweepers, and busses. All these figures, revising data previously published, represent production or factory sales and cover the
United States only.

LIFE-INSURANCE LAPSES
West South
Central

93
95
104
105

94
100
100
111

93
92
105
98

91
101
102
98

96
96
106
102

90
86
106
101

96
97
107
98

93
98
105
97

97
92
104
109

90
94
113
116

106
92
108
96

99
95
103
98

101
98
107
108

102
104
101
101

Yearly average

100

105

101

102

99

97

99

101

97

98

100

96

100

98

101

103

101

99

104

102

Yearly average

__

„

£

1926

1937
First quarter
Second quarter
Third quarter
Fourth quarter

Mountain

East South
Central

98
98
96
97

1925

__

South
1
Atlantic

97
93
106
100

£

East N o r t h
Central

101
103
104
98

Total

New England

92
103
106
101

Mountain

97
101
116
106

New England

96
100
103
101

Total

First quarter
Second quarter
Third quarter
Fourth quarter

West N o r t h 1
Central
|

Middle
Atlantic

West South
Central

East S o u t h
Central

South
Atlantic

West N o r t h
Central

East N o r t h
Central

Middle
Atlantic

(Relative to 1925-26 average)

'

1928

96
102
106
107

89
103
108
104

100
104
110
112

92
102
108
114

94
97
102
98

109
119
107
108

103
103
111
103

95
94
105
101

89
98
105
115

90
105
101
112

94
94
98
97

92
89
103
101

96
104
109
100

98
98
104
98

87
84
89
94

97
103
101
107

SI
93
101.
107

103

101

107

104

98

111

105

99

102

102

96

96

102

100

89

102

98

89
86
96
93

99
90
94
94

89 | 91

94

90
89
86
91

* Compiled by the Life Insurance Sales Research Bureau from reports of 63 companies, based on lapses of ordinary life insurance before the payment of premiums for 2
full years. Details by States are also contained in the bureau's report.



10

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
[Relative numbers, 1926 monthly average taken as 100. December, 1928, is latest month plotted]

WHEAT. WINTER

FLOUR, WINTER

CORN, NO. 2

( f f i !3 f f i U U 11 i!1927.
i i i i i I i1928.
f I f i! 3 1 1 U ii H I i




11
WHOLESALE PRICES FOR SPECIFIED COMMODITIES
NOTE.— Prices to producer on farm products and market price of wool are from U. 8. Department of Agriculture, Bureau of Agricultural Economic*, nonferroui metals
from the Engineering and Mining Journal-Press, except tin, which is from the American Metal Market. All other prices are from U. 8. Department of Labor, Bureau of
Labor Statistic*. So far as possible all quotations represent prices to producer or at mill.
BEULTTVB PB1CB
ACTUAL PBICB

(dollars)

1926average-100

Unit

COMMODITIES

Nov., 1928 Dec., 1928 Dec., 1927

Nov.,
192$

Oct.,
1928

Dec.,
1928

Nov.,
1927

Dec.,
1927

FARM PRODUCTS-AVERAGE PRICE TO PRODUCER
Bushel
Wheat
Corn ................................................................ Bushel
Bushel
Cotton
....
. . ... .. ... .... Pound
Cottonseed
... . . ...........
......... Ton ....
Cattle, beef...
Pound
Pound
Lambs
*- -» » ^ »
--.
--r
,--»-. » Pound.....

0.971
.754
.569
.178
37.17
.0927
.0851
.1160

0.982
.761
.579
.180
37.74
.0894
.0793
.1141

1.139
.751
.941
.187
37.14
.0832
.0814
.1139

73
121
31
120
125
149
81
100

72
108
31
118
137
143
72
99

73
109
31
119
139
138
67
99

82
105
51
132
138
124
76
99

84
107
51
124
137.
129
69
98

1.186
1.348
.897
.473
.553
1.063
9.896
.199
.55
14.281
9.019
5.313
12.688

1.172
1.414
.858
.486
.574
1.059
25. 691
.205
.55
14. 175
8.780
6.275
13. 775

1.275
1.384
.867
.554
.876
1.088
20. 220
.196
.49
15. 500
8.575
5.625
13.013

77
93
124
104
89
110
143
112
117
154
81
81
95

77
87
118
110
80
112
117
114
120
150
73
81
93

76
92
113
113
83
111
303
117
120
149
71
95
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

Barrel.
Barrel . .
Pound
Pound
Pound....
Pound
Pound
Pound
Pound....
Pound

6.225
5.531
.039
.051
.096
.253
.262
.243
.51
.235

6. 131
5.500
.039
.052
.103
.245
.245
.244
.50
.235

7.100
6.563
.046
.056
.100
.223
.238
.214
.52
.235

76
77
91
94
83
155
165
84
107
103

74
76
89
92
81
154
154
79
113
103

73
76
91
94
87
149
144
79
111
103

85
91
107
102
89
131
137
71
111
107

84
91
106
101
84
136
139
70
116
103

Pound
Yard
Yard
Pound
Yard
Yard
.
Yard
Pound
Dozen pan*

.375
.078
.090
1.550
.975
2.008
1.998
5.047
10.290

.378
.078
.091
1.575
.975
2.008
1.998
4.998
10. 290

.371
.080
.105
1.400
1.000
1.917
2.084
4.998
10. 516

104
103
96
110
94
100
92
83
85

105
103
97
108
94
100
92
82
85

106
103
97
110
94
100
92
81
85

107
109
119
98
97
95
95
78
89

104
105
113
98
97
96
96
81
86

Pound
Pound
Square foot
Pound, —
Pair
Pan-

.223
.242
.490
.590
6.750
5.000

.226
.250
.500
.590
6.750
5.000

.250
.250
.535
.590
6.500
5.000

156
142
121
144
106
102

159
140
108
135
106
102

161
144
110
135
106
102

172
132
113
126
102
102

178
144
118
135
102
102

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

4.008
4.603
13.040
2.869
1.210

4.006
4.547
13.040
2.750
1.210

4.144
4.759
13.389
2.788
1.220

93
97
95
71
64

93
96
95
70
64

93
95
95
67
64

96
100
97
69
65

96
99
97
68
65

Long ton..
Long ton..
Long ton..
Pound
Pound
Pound
Pound
Pound. .

19.385
17.500
33.000
.1578
.205
.0639
.5075
.0626

19. 510
17. 500
33.000
.1584
.206
.0650
.5019
.0635

19.010
17.000
33.000
.1377
.187
.0650
.5849
.0572

92
92
94
110
105
77
75
85

94
94
94
114
108
76
78
85

95
94
94
115
108
77
77
87

93
92
94
97
96
74
88
78

92
92
94
100
99
77
90
78

Mfeet.-.
Thousand.

37.58
12.00

37.19
12.00

35.54
11.250

84
76

83
73

82
73

81
71

79
68

Barrel

1.600
1.900
.182
15.600
2.525
3.250

1.650
1.900
.179
15.500
2.488
3.250

1.683
1.800
.406
15.500
2.525
3.250

97
95
30
107
88
04

97
97
38
107
88
94

95
97
37
107
87
94

97
89
78
107
88
94

97
92
84
107
88
94

FARM PRODUCTS-MARKET PRICE
Wheat, No. 1, northern spring (Minneapolis)....... ............... Bushel....
Wheat, No. 2, red, winter (Chicago)
Bushel ..
Corn, contract grade No. 2, cash (Chicago) ... ...................Bushel..Bushel.—
Barley, feeding (Chicago)
.
.............
Bushel
Rye, No 2, cash (Chicago)
................................... Bushel....
Tobacco, leaf, average sales, warehouse (Kentucky).. ............. Cwt
Cotton, middling upland (New York) ... ...... ..... ... .. Pound....
Wool, & blood combing, Ohio and Pennsylvania fleeces (Boston)
Pound
Cattle, steers, good to choice, corn fed (Chicago)
.
..... Cwt
Hogs, heavy (Chicago)... ...
. ................................ Cwt
Sheep, ewes (Chicago).. ....... .................................. Cwt
Sheep, lambs (Chicago) ...... ..................................... Cwt
FOOD
Flour, standard patents (Minneapolis)...............................
Flour, winter straights (Kansas City) ......... .....
Sugar, 96° centrifugal (New York)..
........ ..
Sugar, granulated, in barrels (New York) .........................
Cottonseed oil, prime yellow (New York).. ......... ..........
Beef, fresh, carcass, good native steers (Chicago)......................
Beef, fresh, carcass, steers (New York) ...........................
Pork, smoked hams (Chicago)
....................................
Butter, creamery, 92 score (New York) .
....... .... ...
Oleomargarine, standard, uncolored (Chicago).......................
TEXTILES
Cotton yarns, carded, white, northern, mule spun, 22-1-conea (Boston)
Cotton-print cloth, 64 x 60-38M"-5.36—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
.............
Suitingsj serge, ll-ounce, 66-68 inch. .
..
...... . ..
Silk. Japan, 13-16
Hosiery, women's, pure silk, mill __ . .... ..................
LEATHER
Hides, green salted, packers' heavy native steers (Chicago)........ .
Hides, calfskins, No. 1, country, 8 to 16 pounds (Chicago) ..
Leather, chrome calf, dull or bright "B" grades (Boston) .........
Leather, sole, oak, scoured backs, heavy (Boston)
...........
Boots and shoes, men's black calf, blucher (Massachusetts).
Boots and shoes, men's dress welt tan calf (St. Louis)
FUEL
Coal, bituminous, mine-run (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)

..

Steel billets Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Brass, sheets, mill .... .
........
............
Lead, pig. desilverized, for early delivery (New York)
Tin, fctrafts (New York)
".111111111
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, smoked sheets (New York)
Sulphuric acid, 66° (New York)
Wood pulp, sulphite, domestic, unbleached, news grade (New York).
Newsprint, rolls, contract, mill




Cwt

Pound
Ton......
Cwt
Cwt... ..

12

BUSINESS CONDITIONS IN DECEMBER
PRODUCTION

As compared with the previous month, wholesale trade
was smaller in all lines except men's clothing and
drugs, which advanced. Compared with a year ago,
wholesale trade transacted by druggists, meat dealers,
and jobbers in men's clothing was greater. Wholesale furniture sales were also greater than in December, 1927. All other lines showed decreases from the
preceding year.
Sales by department stores, after adjustments for
seasonal conditions, were greater in December than
in either the preceding month or December, 1927.

Industrial output during December, according to
the weighted index of the Federal Reserve Board,
showed a gain over both the preceding month and
December, 1927, after adjustments for seasonal conditions. The principal gain over December, 1927,
occurred in automobiles, iron and steel, nonferrous
metals, and tobacco manufactures. Mineral production, after adjustment for seasonal conditions, showed
a decline from the previous month, but was almost
10 per cent greater than in December, 1927.

PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1920 monthly average=100. Adjustment has been made for the seasonal movement and relative number of working days for production. Unfilled orders are principally
those of iron, steel, and building materials. December, 1928, is latest month plotted]
140

\\ // U
»1 \

' / »

\\\_//_

1923

1924

/

\

\

V _\

*

I

1925

COMMODITY STOCKS

Stocks of commodities held at the end of 1928 were
somewhat higher than at the end of the previous year;
raw materials and manufactured goods each showed
larger inventories than a year previous.
SALES

The general index of unfilled orders was higher at
the end of December than at the end of either the
previous month or December, 1927. As compared
with November all groups showed higher forward
business, except lumber, which declined. Contrasted
with December, 1927, declines in unfilled orders for
irbn and steel arid transportation equipment were
insufficient to offset gains in textiles and lumber.
Wholesale trade in December, after adjustment for

seasonal conditions, showed a smaller sales volume
http://fraser.stlouisfed.org/
than in either the preceding month or December, 1927.
Federal Reserve Bank of St. Louis

'

/
/

1926

1927

1928

Merchandise stocks of department stores, after adjustment for seasonal changes, were smaller at the
end of December than at the end of the preceding
month, and were somewhat less than a year ago.
Sales by mail-order houses were substantially greater
than in either the previous month or December of the
preceding year. Sales by grocery chains, although
showing a decline from the previous month, after
allowance for seasonal changes, were considerably
larger than in December of the previous year. Sales
by 10-cent chain stores and wearing-apparel chains
were larger than in either period. Sales by candy
chains, although showing a decline from the previous
month, were larger than in December, 1927. Sales
by drug, cigar, and shoe chains showed increased
volume as compared with both the previous month
and the same month of 1927.

13
PRICES

The general level of wholesale prices showed no
change from November and was fractionally lower
than in December, 1927. As compared with the preceding year, prices for all goods were lower except for
metals and metal products, building materials and
fuel and lighting. Contrasted with the preceding
month, prices for farm products, hides and leather
products, metals and metal products, building materials, chemicals and drugs, and sundry miscellaneous
commodities averaged higher, but the gains were
counterbalanced by declines in foods and fuel and
lighting. Prices for raw materials and semimanufactures averaged higher than in November while
finished products declined; but as compared with
December, 1927, prices for finished products alone
were higher.

decline from December, 1927, Was registered in the
price for shelter.
EMPLOYMENT

Industrial employment, as reflected by the general
index of the Department of Labor, showed a gain over
both the preceding month and December, 1927. Contrasted with November, larger employment was registered in factories producing foodstuffs, textiles, iron
and steel products, chemicals, nonferrous metals, and
certain miscellaneous items. Compared with December, 1927, gains were registered in all groups except
textiles, lumber, leather, paper and printing, stone, clay,
and glass, and tobacco, which declined somewhat.
Factory pay-roll payments in December were likewise greater than in either the preceding month or
December of the previous year. As compared with
November, pay-roll payments were larger in all groups

FACTORY EMPLOYMENT, BY GROUPS
[ 1923 monthly average=100. December, 1928, is latest month plotted]
FOODSTUFFS

TEXTILES

IRON AND STEEL

LEATHER

100

PAPER AND PRINTING

100

1923

1924

J925

1920 '

1927

1928

The index of prices received by farmers for their
produce showed no change from the preceding month
and was lower than in December, 1927. Contrasted
with the preceding month, declines in the prices for
meat animals and fruits and vegetables were sufficient
to offset gains in prices for grains, dairy and poultry
products, cotton and cottonseed, and certain unclassified products.
The cost-of-living index showed a decline from the
preceding month, being lower also than in December,
1927. Compared with the previous month, prices for
food
and clothing were lower, while other items either

showed
slight gains or no change. The principal


1923

1924

1926

1926

1927

1928

except lumber, stone clay and glass, and automobiles,
which declined slightly, and chemicals, which showed
no change. Contrasted with December, 1927, payroll payments were larger in all groups except textiles,
lumber, leather, stone clay and glass, and tobacco
manufactures, which declined.
Employment data from several States showed more
employees on the pay rolls than in the corresponding
month of 1927. Fewer applicants per job were registered at State and municipal agencies in December
than in any other month in more than two years. The
wages for common labor declined somewhat from
November but showed no change from December, 1927.

14
REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

Imports of wool showed a sizable increase over
December, 1927. Wool consumption in December
was smaller than in November but greater than in
December, 1927. Woolen machinery was generally
less active than in November but showed a gain over
December, 1927. Cotton consumption was smaller in
December than in either the previous month or the
same month of 1927. The consumption of cotton for
the year as a whole was 12 per cent smaller than in
1927.
Stocks of cotton held at the end of the year were
smaller than at the end of the previous year. Kawcotton exports for December were considerably larger

than at the end of the preceding year. Silk deliveries
to consuming plants were greater than in December,
1927,
while for the year as a whole, indicated consumption of silk was 4 per cent greater than in 1927.
Machinery activity in silk mills during December,
reduced to a percentage basis, was somewhat lower
than in the corresponding month of 1927, except for
narrow looms, which showed greater activity. The
price index for silk goods showed no change from the
preceding month but averaged lower than in December, 1927. Imports of rayon were considerably
smaller than in December, 1927, while for the year
as a whole, rayon imports showed a decline from

THE TEXTILE INDUSTRIES
[Relative numbers, monthly average, 1923-1925, taken as 100. Where available, December, 1928, is latest month plotted]

1925

1923

than in the same month of 1927. Cotton prices, both
to the producer and at wholesale, averaged higher than
in either the previous month or December, 1927.
Spindle activity at cotton mills, reduced to a ratio
to capacity, was less than in November but greater
than in December of the preceding year. The output
of cotton textiles was smaller than in November.
Prices of cotton goods were higher than in either period.
Silk imports were larger than in December, 1927,
while the increase for the year as a whole, amounted
to 2 per cent. Prices for raw silk averaged lower
than in November but showed no change from December a year earlier.
 Stocks of raw silk at both manufacturing plants
http://fraser.stlouisfed.org/
and at warehouses was smaller at the end of 1928
Federal Reserve Bank of St. Louis

1923

1926

i . i . . . t . . ! . . I..I-..1..I.. I.. 1 . 1 1 . . J.i
1926
1927
1928

1927 amounting to almost 21 per cent. Rayon prices
showed no change from those which prevailed in either
the preceding month or December, 1927.
Fewer men's and boys7 suits w6re cut in November
than in either the previous month or November of
the preceding year. Hosiery production in November was smaller than in the same month of the
preceding year. The production of knit underwear also showed a slight increase over December,
1927.
Textiles spread with pyroxylin during December
showed a substantial gain over the corresponding
month of a year earlier, while unfilled orders at the
end of the month were also considerably greater than
at the same period of 1927.

15
METALS

Consumption of iron ore by furnaces was greater in
December than in either the previous month or the
same month of the preceding year. Pig-iron production, likewise, showed gains over both periods, while
the production for the year as a whole showed a gain
of more than 4 per cent over 1927. Wholesale prices
for pig iron continued to average higher but for the
year as a whole showed lower averages than in 1927.
The output of steel ingots was smaller in November
than in December but was more than 25 per cent
larger than in December, 1927. For the year as a
whole, steel-ingot production, totaling almost 50,000,000 tons, showed the largest production record in
history. Unfilled steel orders at the end of the year

siderable gain over the same month of the preceding
year. For the year as a whole the production of steel
castings showed a substantial increase over 1927. The
output of track work in December was greater than
in either the previous month or the same month of
1927, but the total for 1928 was considerably smaller
than for the preceding year. The output of malleable
castings during the last month of 1928 was smaller
than in November, but showed a gain over the same
month of 1927. New orders for machine tools showed
some decline from the high figure of the preceding
month, but were considerably in excess of those
reported for December, 1927. Shipments of machine
tools in December were larger than in either November
or December of the preceding year. Unfilled orders
for machine tools at the end of the year were larger

THE METAL INDUSTRIES
[Relative numbers, monthly average, 1923-1925, taken as 100. December, 1928, is latest month plotted. Curve covering zinc stocks is plotted from 12 months' moving
monthly averages plotted on the end month]

EXPORTS. REFINED

i*K

PRODUCTION

f

100

/v
1923

1924

1925

1926

1927

1928

28

showed gains over both the preceding month and
December, 1927. The output of steel sheets by independent manufacturers, although smaller than in November, was greater than in December of the previous
year. During the entire year steel-sheet production
was considerably greater than at any other time since
data first became available in 1919. The output of
fabricated structural steel, as indicated by data on shipments, was smaller than in November, but greater
than in December, 1927, while for the year as a whole,
shipments were substantially larger than in 1927.
The production of steel castings in December was
smaller than in the previous month, but showed a con


1923

1924

1924

COPPER
. r.,11.1, i
1925
1926

1925

1926

1927

1928

1927

1928

than at any other previous period for which data are
available.
Shipments of electric overhead cranes were smaller
than in either the preceding month or the same month
of 1927. Shipments of foundry equipment, although
showing a decline from the previous month, were more
than twice as heavy as in December, 1927. Shipments
of woodworking machinery showed a decline from
November, but were greater than in December, 1927.
New orders for stokers showed a decline from the
previous month when measured in number, but in
horsepower were larger than in either the previous
month or the same month of 1924.

16
HIDES AND LEATHER

FUELS

The production of bituminous coal was smaller than
in November and for the year as a whole showed a
decline from 1927. Anthracite production in December
was also smaller than in the previous month and showed
a decline in the total for the year as contrasted with
the preceding year. Prices for coal, both bituminous
and anthracite, averaged lower in 1928 than in 1927.
AUTOMOBILES AND RUBBER

The total output of automobiles, both passenger cars
and trucks, amounting to more than 4,350,000 units,
during 1928 was the largest production ever recorded.
The production of automobiles in Canada was likewise greater in 1928 than in any other previous year.

Imports of hides and skins in December were larger
than in the previous month but smaller than a year
ago. For the year as a whole imports were greater
than in 1927. Prices for cattle hides averaged higher
than in November but were lower than a year ago.
The output of sole leather was greater than a year ago.
Exports of sole and belting leather were smaller than in
December, 1927. Prices for leather averaged higher
than a year ago. The output of shoes showed a decline
from the preceding month. For the calendar year,
shoe production was slightly greater than in 1927.
Fewer cattle and calves were slaughtered in December
than in either the previous month or in December,
1927. Slaughter of swine, however, was greater than

THE FUEL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. December, 1928, is latest month plotted where data were available]

1923

1923

J924

1925

1926

1927

1928

1923

1924

1925

1926

1927

1925

1926

1927

X.L928—

1923

1924

1925

1926

1927

Exports of automobiles from the United States showed
a gain of over 30 per cent over the preceding year.
The output of pneumatic tires during November,
though showing a decline from October, was substantially greater than in November, 1927. For the first
11 months of the year domestic shipments of pneumatic tires were almost 20 per cent larger than in the
same period of 1927. Shipments of inner tubes during
the same period showed a gain of 8 per cent over the
same period of 1927. Imports of crude rubber in
December were considerably greater than in the previous month or December, 1927. Stocks of crude
rubber in the United States at the end of the year were
considerably smaller than at the end of 1927.



1928

in either the previous month or December of the previous year.
PAPER

Imports of wood pulp, both chemical and mechanical, showed gains over both the preceding month and
December, 1927. For the year as a whole, imports of
both types of wood pulp showed gains over 1927. The
output of newsprint paper in the United States was
larger than in December of last year, but for the year
as a whole, the total production was 6 per cent smaller
than in 1927. The Canadian output of newsprint in
December was also greater than a year ago and the
total for 1928 showed a gain of 14 per cent over the
production during 1927.

17
BUILDING AND CONSTRUCTION

Construction costs on the whole averaged lower in
1928 than in 1927. The value of new building contracts awarded during December showed declines
from both the preceding month and December, 1927,
but for the year as a whole new construction contracted
for showed a gain of more than 5 per cent over 1927.
Fire losses in the United States and Canada during
1928 were lower than at any time since 1919.
LUMBER AND LUMBER PRODUCTS

The output of southern-pine lumber in December
showed a decline from both the preceding month and
the corresponding month of the previous year. For
the year as a whole southern-pine lumber production

shipments, on the other hand, were larger. Face-brick
stocks at the end of the year were lower than at the
end of 1927. Prices for common brick showed no
change from November but averaged higher than in
December, 1927.
The production of polished plate glass in December
was larger than in the corresponding month of the
previous year. For the year as a whole polished
plate-glass production was about 10 per cent larger
than in 1927. The production of glass containers
showed a decline in December from both the preceding
month and the same month of 1927, but for the year
as a whole the output of glass containers was greater
than in the previous year. Stocks of glass containers

THE AUTOMOBILE AND RUBBER INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. Where available, December, 1928, is latest month plotted]

1921

ilHliilitltiltiliilMh.liil.i

926

1927

1928

192

was lower than at any time since 1921. Stocks of
southern pine at the end of the year were considerably
lower than at the end of 1927, while prices for southern
pine in December averaged substantially higher than
in the preceding December. Douglas-fir production
during the year 1928 was also smaller than in 1927,
while other important types of lumber likewise registered smaller output.
The production of oak flooring in December was
larger than in the corresponding month of the preceding year. Maple-flooring production also showed a
gain over December, 1927.
STONE AND CLAY PRODUCTS

Production of face brick in December

http://fraser.stlouisfed.org/
than in the corresponding month of 1927.
Federal Reserve Bank of St. Louis

was smaller
Face-brick

at the end of the year were lower than at the end of
1927.
The output of Portland cement was seasonally
smaller than in the previous month, but showed again
over December, 1927. Cement production in 1928
was larger than in any other previous year. Cement
shipments during the year were likewise greater than
in any other preceding year. Stocks of cement at the
end of the year were somewhat higher than at the end
of 1927.
New contracts let for concrete pavements in December showed a decline from the preceding month, but
were larger than in the same month of 1927. For the
year as a whole concrete-paving contracts were larger
than in any other preceding year on record.

18
FOODSTUFFS AND TOBACCO

The estimated production of wheat for 1928 was
greater than in 1927. The visible supply of wheat at
the end of the year both in the United States and in
Canada was greater than at the end of the preceding
year. Exports of wheat from the United States during
the year wefre lower than in 1927, while Canadian
exports were greater. Prices for wheat averaged
lower in December than in either the preceding month
or December, 1927.
The estimated production of corn was greater than
in 1927. The visible supply of corn at the end of the
year was considerably smaller than at the end of the
preceding year. Exports of corn, including meal,
were about twice as large as in 1927.

year. The prices for pork products were generally
lower in 1928 than in the previous year.
Receipts of butter at the principal markets were
larger in December than in the corresponding month
of the preceding year, but for the year as a whole
showed a decline from 1927. Storage holdings of
creamery butter at the end of the year were smaller
than at the end of the previous year. Wholesale
prices for "butter for the year showed no change from
the preceding year. Receipts of cheese at principal
markets were smaller in December than in the same
month of the previous year, the total for the year 1928
also showing a decline from 1927. Storage holdings
of cheese at the end of the year were considerably
greater than at the end of the preceding year.

THE TOBACCO INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. Where available, December, 1928, is latest month plotted]

UNMANUFACTURED TOBACCO
xEXPORTS

i

i
u
u

,,|,\|.,|M

1923

.....I...
1924

SALES

•*- WARE
HOUSES

.1. \ l i . l . . L l n l M l i

1926

1926

t
II
1927

1928

Receipts and shipments of cattle and calves at
primary markets were lower in December than in the
corresponding month of 1927, and for the year as a
whole these movements likewise showed declines from
1927. Local slaughter of cattle was smaller than in
December of the preceding year, showing for the year
1928 as well a decline from the preceding year. Coldstorage holdings of beef products at the end of the year
were greater than at the end of 1927.
Receipts and shipments of hogs at principal markets
in December were greater than in the same month of
1927. For the year as a whole each of these movements
was likewise greater than in 1927. Cold-storage holdings of pork products at the end of the year were

http://fraser.stlouisfed.org/
considerably greater than at the end of the preceding
Federal Reserve Bank of St. Louis

1923

1924

1926

1927

1928

MANUFACTURED TOBACCO
J t. I . . I . . 1. 1 1 1 . 1 . . 1. 1 1 . . 1 1 . 1 1 1 1 1 1 1 . . I . . 1 1 . 1 1 1 1 M I >. 1 1 1 1 . 1 1 . . 1 1 1 1 . 1 1 1 . 1 1
1923
1924
1925
1926
1927
1928

Imports of raw sugar were smaller in December than
in either the preceding month or the same month of
1927. During 1928 raw-sugar imports showed a
decline of more than 5 per cent from 1927. Meltings
of raw sugar were greater in December than in the
corresponding month of the preceding year, but for
the year as a whole showed a decline from 1927.
Imports of coffee were smaller in December than in
the same month of the previous year, but for the year
as a whole showed a gain over 1927. Prices for coffee
averaged higher in 1928 than in 1927. Imports of tea
were slightly larger in 1928 than in the preceding year,
while prices averaged somewhat lower. Cocoa imports were smaller than in 1927, while the price of
cocoa also averaged lower.

19
TRANSPORTATION

DISTRIBUTION MOVEMENT

Carlo actings in December were greater than in either
the previous month or the same month of 1927, but
for the year as a whole were slightly lower than in 1927.
At the end of 1928 car surplusages were smaller than
at the end of the preceding year. Shipments of railroad locomotives by manufacturers were smaller in
1928 than in any other year since figures became
available in 1920. River and canal traffic in 1928
showed generally larger cargoes than in 1927.

Sales of mail-order houses, chain stores, and department stores showed larger volume in 1928 than in
the preceding year. Postal receipts in 1928 were
greater than in 1927 despite declines in postal
rates. Magazine advertising in December was larger
than in the same month of 1927, but for the year
as a whole showed a decline from 1927. Mail dispatched by air showed a tremendous growth during
the year.

BANKING AND FINANCE

Check payments outside of New York City in December were larger than in either the previous month
or the same month of the preceding year. For the
year as a whole check payments showed a gain of 9

GOLD, SILVER, AND FOREIGN EXCHANGE

Receipts of gold at the mint in December were
smaller than in the previous month, but larger than in
December, 1927. During the entire year gold receipts

BUSINESS FAILURES
[Actual number of failures, by lines, plotted as 12 months' moving monthly averages on the end month]

\

GROCERIES AND, MEATS

TRADERS

1923

1924

1925

1926

1927

1928

111 it 11
1923

1924

1925

1926

1927

1928

-LUMBER. AND LUMBER,
PRODUCTS,

IRON, STEEL AND MACHINERY

GENERAL STORES

MANUFACTURERS.
,I

1924

1925

ill

1926

TRADER^

ill
1927

I I t . I . I I I 1 I . I I , . I I . i ..

1928

per cent over 1927. Loans and discounts of Federal
reserve member banks at the end of the year were
larger than at any other time on record. The Federal
reserve ratio showed a lower average for 1928 than in
any year since 1921. Interest rates on both time and
call funds averaged higher in 1928 than in the previous
year. New sales of life insurance were greater than
in any other year on record. Dividend and interest
payments for the calendar year showed a gain of about
5 per cent over 1927. Prices for stocks reached a new
high record during the year. Bond prices, though
averaging somewhat higher than in 1927, reflected the
effect of higher interest rates during the late months of
1928. Brokers' loans reached a new high record during
December.



1923

1924

1925

1926

1927

1928

were greater than in the preceding year. The output
of gold at the Hand mines was greater in 1928 than in
1927. Foreign trade in gold showed an excess of
exports over imports during the year contrasted with
an import excess for the two preceding years. The
production of silver in the United States during 1928
was smaller than in the preceding year. Silver
stocks at the end of the year, however, were considerably larger than at the end of 1927.
Exchange on the principal currencies was generally
lower than in December of the previous year. For
the year as a whole, however, exchange on England,
Italy, Netherlands, India, Argentina, and Brazil
averaged higher than in 1927, other currencies either
declining or showing no change.

20
PROSPECTIVE CARLOADINGS, FIRST QUARTER OF 1929
Loadings of commodities by railroads in carload
lots for the first quarter of 1929 are estimated by the
regional advisory boards set up by the American
Railway Association at 4.9 per cent above the same
period of 1928. These estimates are compiled from
detailed reports obtained from shippers, as first described in the August, 1927, issue of the SURVEY OF
CURRENT BUSINESS, page 20, and are comparable to
similar data published quarterly since that time.
The various economic districts set up by these boards
are shown in the accompanying map.
Estimated loadings of all commodities for the first
quarter of 1929 will be greater than a year ago, except
for grains, potatoes, other fresh vegetables, canned
goods, and hay, straw and alfalfa. The largest
numerical increase over a year ago was estimated for
coal and coke, while the greatest relative increase
was estimated for citrus fruit and automobiles at 33
and 28 per cent, respectively.
In only 3 out of the 13 districts are decreases estimated from the corresponding quarter of 1928—the
New England district, 1 per cent; the mid-west district, slightly more than 3 per cent, the central western district, something more than 7 per cent.
The greatest relative increase in loadings over 1928
is estimated for the Allegheny district, 14 per cent.

The next largest increase is for the Ohio Valley district,
where a relative gain of almost 12 per cent is anticipated. In both these districts the principal gain over
1928 is due to larger anticipated loadings of coal and
coke. Gains of 5 per cent or more are indicated for
the Atlantic States, the Allegheny district, the Great
Lakes region, the Ohio Valley, the northwest, and the
Pacific northwest district.
REGIONAL ADVISOKY BOARD DISTRICTS

PROSPECTIVE CARLOADINGS, FIRST QUARTER OF 1929
COMPARED WITH ACTUAL LOADINGS, SAME QUARTER OF 1928
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of cars
Actual
1928

COMMODITY GROUPS

Estimated

1929

Per Number of cars Per Number of cars Per Number of cars Per
cent
cent
cent
cent
Inc.
inc.
inc.
inc.
EstiEstiEsti(+)
Actual mated or(+)
Actual mated or(+)
W
or dec. Actual
mated
or
dec.
dec.
dec*
1928
1928
1928
1929
1929
1929
(-)
(-)
(-)
(-)
District No. 12
NEW ENGLAND

ALL DISTRICTS

1

District No. 8
ATLANTIC STATES

Grain, all__.
Flour, meal, and other mill products
Hay, straw, and alfalfa
Cotton
Cottonseed and cottonseed products, except oil —

413,544
226, 602
81, 361
54,984
45, 147

409, 414
241, 410
81,097
62,847
53, 317

-1.0
+6.5
-0.3
+14.3
+18.1

2,950
2,900
1,479
1,804
9

2,655
2,610
1,331
1,830
9

-10.0
-10.0
-10.0
+1.4

17, 705
11, 429
9,937

17,700
11, 430
9,940

6
7
8
9
10

Citrus fruits
Other fresh fruits
Potatoes
Other fresh vegetables
Livestock

27,933
31, 159
69, 738
61, 140
402, 876

37,006
38, 895
65,448
55, 154
406, 451

+32.5
+24.8

48
1,319
12, 424
1,030
1,051

48
1,319
11, 182
1,050
998

-16.6

8,932
6,119
6,188

11, 166
6,730
6,190

+25.0

11
12
13
14
15

Poultry and dairy products
Coal and coke
Ore and concentrates
Gravel, sand, and stone
Salt

30,968
2, 805, 808
130, 770
454,286
22, 332

31, 111
2,953,917
135, 584
471,916
22,969

110
23,080
61
4,633
32

110
22, 620
61
4,257
32

2,323
320, 869
22,404
42, 658
4, 772

2,416
320, 870
22,400
60, 148
4,605

+4.0
+41.6
-3.5

16
17
18
19
20

Lumber and forest products
Petroleum and petroleum products
Sugar, sirup, glucose, and molasses
Iron and steel
Cast-ings, Tnachineryj q,rid boilers

44,006
19, 502
1,923
5,895
4,642

44,006
21,452 +10.0
1,923
6,308 +7.0
5,570 +20.0

34, 553
51, 374
8,015
79, 101
12,883

34, 5.50
57, 539
8,010
87, Oil
14, 171

+12.0
+10.0
+10.0

21
22
23
24

Cement
_
Brick and clay products
Lime and plaster __
Agricultural implements and vehicles, other than
automobiles

-30.0
-10.0
-5.0

30, 966
10, 675
14, 736

30, 960
10, 675
15, 178

+3.0

11, 159
19, 535
27,688
7,732
7,900

+5.0
+12.0
+11.0
+5.0
-10.0

805,703

2
3
4
5

25 Automobiles, trucks, and parts
26 Fertilizers, all kinds .
27 Paper, printed matter, and books
28 Chemicals and1 explosives
_. ...
29 Canned goods _

Total, all commodities listed

_
-_

--

_ _ ..

891, 984
468,081 '
63, 991
420, 199
45,832

917, 951
492,396
67, 625
442,844
49, 912

119, 401
133, 140
52, 267

122,684
137,473
53,457

28,923

31,418

234, 600
177, 521
98,253
42, 308
39,358

300,622
177, 532
102, 872
46, 087
38, 666

7, 674, 506

8, 048, 075

-6.2
-9.8
+0.9
+0.5
+5.3
+3.7
+3.9
+2.9
+2.9
+5.2
+5.7
+5.4
+8.9

-2.0
-8.1

+2.7
+3.3
+2.3
+8.6

1,546
2,544
2,885
245

245

+28. 1
+4.7
+8.9
-1.8

1,992
7,214
19,954
515
1,256

2,191
5,410
20,100
515
1,218

+10.0
-25.0
+0.7

-3.0

10, 628
17,442
24,944
7,364
8,777

+4.9

167, 049

165, 163

-1.1

764,794

i All canned-food products, including catsups, jams, jellies, olives, pickles, preserves, etc.




+1.9
-5.0

1,082
2,290
2,741

+10.0

District No. 9
ALLEGHENY
990
1,644
1,261

940
1,644
1,261

-5.0

1,090
256
751
1,015

1,145
282
751
1,066

+5.0
+10.1
+5.0

705, 897

827, 311

31,963

39, 346

+17.2
+23.1

13,371
21,442

13,224
22,600

-1.1
+5.4

176, 754
5,207

185, 768
5,722

3,972
28,290
1,869

4,083
28, 743
1,934

204

215

+5.1
+9.9
+2.8
+1.6
+3.5
+5.4

2,607
4,018
6,872
1,566

3,087
4,364
8,109
1,602

+18.4

+ae

+18.0
+2.3

+5.3 1, Oil, 039 1, 153, 197 +14.1

21
PROSPECTIVE CARLOADINGS, FIRST QUARTER OF 1929—Continued
COMPARED WITH ACTUAL LOADINGS, SAME QUARTER OP 1928
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of
Number of
Number of
Per
Per
Per
Per
cars
cars
cars
cent
cent
cent
cent
inc.
inc.
inc.
inc.
(
Esti- or dec. Actual Esti- or(+)
Esti- or(+)
Esti- or dec. Actual Esti- or(+)
dec.
Actual mated
dec. Actual mated
dec. Actual mated
mated
1928 mated
1928
1928
1928
1928
(-)
(-)
(-)
(-)
(-)
1929
1929
1929
1929
1929
Number of
cars

Per
cent
inc.
(

District No. 2
GREAT LAKES

2
3
4
5

25,729
30,354
10, 195

Grain, all
.-..
Flour, meal, and other mill products
Hay, strawy and alfalfa
Cotton
.
Cottonseed and products, except oil

6
7
8
9
10

Citrus fruit
Other fresh fruits
Potatoes >
Other fresh vegetables
Livestock

11
12
13
14
15

Poultry and dairy products
Coal and coke__
Ore and concentrates
Gravel, sand, and stone
Salt

954
2,776
1,892
9,887

16 Lumber and forest products.
17 Petroleum and petroleum products
18 Sugar, sirup, glucose, and molasses
19 Iron and steel
20 Castings, machinery, and boilers

_

21 Cement
__
22 Brick and clay products
.
23 Lime and plaster
24 Agricultural implements and vehicles,
other than automobiles _

27,500
33,000
10,300

+6.9
+8.7
+1.0

950 -0.4
3,600 +29.7
1,925 +1.7
10,000 +1.1

Total, all commodities listed

11
12
13
14
15

Poultry and dairy products
Coal and coke .
__
Ore and concentrates
Gravel, sand, and stone.
Salt

_

_

16 Lumber and forest products.
17 Petroleum and petroleum products
18 Sugar, sirup, glucose, and molasses
19 Iron and steel.
20 Castings, machinery, and boilers
21
22
23
24

Cement.
Brick and clay products
Lime and plaster
Agricultural implements and vehicles,
other than automobiles
_

25
26
27
28
29

Automobiles, trucks, and parts
Fertilizers, all kinds
Paper, printed matter, and books.
Chemicals and explosives
Canned goods L
Total, all commodities listed
1

11, 551 16,864 +46.0
4,587 6,651 +45.0
1,643 1,397 -15.0
8,445 9,205 +9.0
14, 248 14, 248

14, 493
16, 672
2,069
57,647
8,458

14, 750 +1.8 265, 309 270, 348 +1.9
16,800 +0.8 44,588 49, 939 +12.0
2,000 -3.3
7,644 7,720 +1.0
61,000 +5.8 28, 022 28, 022
8,500 +0.5
1,909 2,558 +34.0

4,870
13, 865
12, 144

5,100
14,000
12, 250

+4.7
+1.0
+0.9

2,553

2,750

+7.7

59, 853

49,063

12, 631

720
1,178
358

61,929

6,173
57, 779

7,664

26, 021

6,332

60,000
52, 497
13, 262

14,806 15, 546 +5.0
22, 192 23, 302 +5.0
5,371 5,371

880

4,152
1,028

District No. 7
SOUTHWEST
29,019
17, 247
5,474
24,969
18, 514

33, 371 +15.0
18, 971 +10.0

5,474

29, 962 +20.0

700 -2.8
1,400 +18.8
268 -25.1
63,000 -M.7
6,282 +1.8
57,500 -0.5
7,889 +2.9
28,623 +10.0
6,700 +5.8

19,923 17, 931 -10.0
563
591 +5.0
51, 481 51, 481

+10.0

+5.0

-0.7 86, 183 86,183
+2.0 158, 836 158,836
4,710 5,416 +15.0
5,095 +22.7
4,414 4,634 +5.0
1,026 1, 077 +5.0
1,150 +11.9
+2.8
-4.4
+2.0

8,298
8,598
4,880

1,582

1,700

+7.5

391

430 +10.0

17, 453

18,300

+4.9

268
12, 454
2,033
727
734

1,608 +500.0

8,568
3,920

422, 569 433, 804

8,298
9,027
4,880

+5.0

+7.0

88, 373
36, 143
10, 392

90,140 +2.0
36, 143
8,314 -20.0

1,136
426 -62. 5
5,863 7,037 +20.0
4,272 2,450 -42.6
26, 752 33, 440 +25.0 130, 633 130,063 -0.4

+8.0 122, 608 126, 284 +3.0
28,035 32, 250 +15.0
6,345 6,500 +2.4
54, 861 54,861
9,500 9,975 +5.0

3,891

4,202

25, 116

27, 627

+16.6

15, 386
12, 978

16,616
13, 626

+8.0
+5.0

15,907 29, 751 +87.0
12,050 10, 845 -10.0
12,005 11, 229 -6.5

District No. 10
CENTRAL- WESTERN
61, 911
12, 103
9,134

42,000 -32.2
13,100 +8.2
8,900 -2.6

911 1,300 +42.7
19,450 15,500 -20.3

2,134
727
734

+2.7 495, 885 511, 386

District No. 3
NORTHWEST
69,996 80,000 +14.3
35, 192 39,000 +10.8
4,472 5,000 +11.8

2,200
12,729
366
52,936

2,200
12,729
366
51, 878

-2.0

3,551 3,200 -9.9
26, 822 29,504 +10.0
2,322 2,400 +3.4
2,439 2,439
230
230
41, 019 43,069 +5.0
2,740 2,877 +5.0
1,089 1,089
3,035 3,500 +15.3
750
750

9,173
19, 957
6,087

9,632 +5.0
21, 950 +10.0
6,696 +10.0

1,178
1,020
132

1,100
1,020
132

20, 130

21, 539

+7.0

2,835

3,544 +25.0

23,960 41,000 +71.1
5,000 -2.3
5,116
12, 891 13, 535 +5.0
3,355 3,500 +4.3
10, 662 9,600 -10.0

291
745
2,698
44
826

2,665

-1.2

-3.3 271, 657 290,607

+7.0

District No. 11
PACIFIC COAST
3,425 +0.4
7,525 +0.3
6,000 +8.8
1,960 +11.3
840 +9.5

300
745

44
826

-6.6

+3.1

District No. 14
PACIFIC NORTHWEST

11, 403
6,172
3,832

7,370 -35.4
7,800 +26.4
4,050 +5.7

-56.4
-21.5
+4.0

6,904
4,289
786
1,837

10, 633 +54.0

880 +0.3
8,400 +0.4
28,349 +1.9
39, 961 40,350 +1.0

988
12,508
5,333
2,987

3,412

7,507

5,517
1,761
767

15, 591
501

2,062
28,805

19,203
500
900
22,600
12,000

+23.2

3,742 -12.8
1,278 +62.6
1,623 —11.7

67, 755

66,000

-2.6

3,080
85, 018
14, 086
5,862
702

3,200
84,000
15,000
5,900
700

+3.9
— 1.2
+6.5
+0.6

4,758
24, 842
2,541
1,889

5,000
25,000
2,700
2,000

+5.1
+0.6
+6.3
+5.9

48,528

3,050
724

3,200
750

+4.9
+3.6

13,766

3,107

14,000
3,150

+1.7
+1.4

2,659
622
243

103

27 -73.8

4,607

5,000

+8.5

310
690
2,312
210
1,252

915 +195. 2
759 +10.0

12,454

+5.0

11, 534
877

8,363
27,833

1,100 +15.7

+3.1 318, 767 295,350

-7.3

1,259 +27.4

12,500

-0.1

6,148 +15.3

3,350 +12.2

50,950 +5.0 179, 521 191, 885 +6.9
42, 350 +7.7
8,036 9,010 +12.1
4,625 +2.4
23
15 -34.8
3,654 3,850 +5.4
775
795 +2.6
429
439 +2.3

39, 324
4,516

1,865

951

All canned-food products, including catsups, jams, jellies, olives, pickles, preserves, etc.




+5.0

3,490

22,216 +20.0

743
891 +20.0
1,905 1,905
949
949
8,247 9,071 +10.0
23, 299 22, 135 -5.0

10,000
8,195
4,000

9,731

36,508

3,262

District No. 1
MID- WEST

+2.5 1,018,768 1,137,328 +11.6 1,252,244 1,210,681

33,500
52,690 53,743
33, 744

34,770

968 +10.0

+9.5 949, 381 973, 085

+0.2
+7.0
+5.0

District No. 4
OHIO VALLEY

12, 399 12, 150 -2.0
1,467 1,614 +10.0
178, 375 170, 5% -4.4 773, 530 875, 185 +13. 1 580,000 514,000 -11.4
30,294 30,294
2,952 2,952
99,213 99,213
83, 121 74,809
10 0 47, 156 44,500 -5.6
184 -24.9
243
243
245

13,500 -1.1
19,500 +13.0
17,500 +4.2
10, 275 +5.1

462, 414 506,509

Grain, all. __.._
Flour, meal, and other mill products
Hay, straw, and alfalfaCotton
Cottonseed and products, except oil
Citrus fruits
Other fresh fruits
Potatoes
Other fresh vegetables
Livestock

7,433 7,805 +5.0
16, 848 17, 690 +5.0
3,775 3,775
26, 450 29,095 +10.0
25, 857 30, 252 +17.0

13, 644
17, 258
16, 791
9,776

District No. 5
TRANS- MISSOURIKANSAS

6
7
8
9
10

District No. 6
SOUTHEAST 1

157, 075 187, 234 +19.2
2,109 3,164 +50.0
3,569 3,600 +0.9 115, 634 116, 097 +0.4
10, 156 10,500 +3.4
5,377 5,646 +5.0
17, 152 17,450 +1.7
3,507 3,858 +10.0
2,435 2,525 +3.7
1,604 1,604

25 Automobiles, trucks, and parts. .
26 Fertilizers, all kinds
27 Paper, printed matter, and books
28 Chemicals and explosives
29 Canned goods *

1
2
3
4
5

:P

i°

COMMODITY GROUPS

1

Number of
cars

2,562
9,295

1,975 +5.9
3,853 +50.4
10,050 +8.1

285, 715 292, 735

3,067 +15.3
745 +19.8
275 +13.2

3,036 +31.3
299 +42.4
1,507 +20.4

+2.5 254,224 272, 527

+7.2;

22

Table 1.—INDEX OF INDUSTRIAL PRODUCTION 1
[Adjusted for seasonal variations, except where otherwise noted]
TOTAL
INDUSTRIAL

Total

Un- Adadjust- justed ed

Bituminous
coal
Anthracite
coal
Crude petroleum

Tobacco manufactures

Si
F

Rubber tires

MINERALS
Nonferrous
metals
Petr oleu m
refining

Leather a n d
shoes

Automobiles

1

Lumber

YEAR AND MONTH

Paper and
printing

Total
"SB
Un- Ad•dfl
ad- just- Unjust- ed ad- Ad- a
justed
just- ed
g
ed

Food products

MANUFACTURES

i
;• ! ,
« 53
J-S

«

1

E
B

Relative to 1923-1925 average
1919 monthly average..
1920 monthly average
1921 monthly average..
1922 monthly average..
1923 monthly average..
1924 monthly average..
1925 monthly average
1926 monthly average..
1927 monthly average..
1928 monthly average

83
87
67
85
101
95
104
108
106
110

84
87
67
87
101
94
105
108
106
111

82
99
46
83
106
88
106
113
104
119

83
92 93 76 79 53 104 53 67 54
84 84 86 79 55 95 68 78 63
86
88 84 66 68 41 91 62 39 64 55 85
99 94 85 89 66 103 78 69 74 78 88
105 100 95 99 103 110 95 94 86 85 96
90 102 99 96 91 93 95 99 98 99 99
104 98 106 105 107 97 110 107 115 116 105
104 98 114 100 109 98 112 112 125 116 112
114 97 113 94 86 103 109 109 136 121 117
102 103
124
114
107 99

77
89
70
74
105
96
99
107
107
106

88
108
79
80
109
92
99
110
98
94

109
110
112
69
115
109
77
104
100
95

52
61
64
76
100
97
103
105
122
123

88
114
40
80
114
79
102
112
93

77
80 87
30 39 66 84
63 68 77 87
93 96 88 103
100 97 102 100
107 107 111 98
110 116 116 96
105 111 112 93
114 112
87

1936
May
June
July
August

. .

107 106
106 107
104 107
109 111

108
106
102
108

107
107
107
112

116 99 94 115 102 114 93 111
113 101 99 113 97 110 98 122
113 99 100 114 99 109 102 119
120 105 103 115 94 134 103 119

114
107
109
110

125
126
126
128

108
117
118
128

111
113
109
113

103 103
109 104
113 105
115 109

100
101
101
103

120 98 95
124 99 103
118 103 109
121 106 128

108
106
112
108

112
110
107
119

116
111
113
110

116 100 127 105 119
118 97 106 107 114
115 95 89 99 106
113 98 63 100 94

112
113
121
119

128
129
133
135

138
126
106
112

113
116
116
110

120
124
124
112

111
116
118
120

108 127 106 116
114 125 112 134
125 113 117 97
124 111 121

114
113
116
112

124
122
121
119

122 93
119 93
118 93
125 109

101 116 135 118 114
107 112 134 117 113
119 108 135 123 116
109 112 134 131 122

113
113
112
101

116
118
118
104

119 101
125 95
131 88
87 108

114
111
100
106

113
113
114
110

113
112
115
120

97
95
90
90

120 120 107
120 101 105
124 99 101
123 99 101

108
114
109
114

113
112
116
112

90
93
94
94

September
October
November
December

113
114
110
101

112
111
108
105

112
112
108
99

113
111
106
103

117
114
105
102

110 103
110 102
110 99
109 96

1927
January
February
March
April

106
110
113
109

107
109
111
109

104
110
113
112

105
107
110
109

106
114
115
116

108
108
114
112

May
June
July
August

112
107
102
105

111
108
106
107

112
107
101
104

111
108
107
107

116
105
103
102

116 103 112
121 102 112
118 96 114
119 97 112

September
October
November
December

106
105
101
95

105
103
99
99

106 106
104 102
101 99
95 99

98
94
88
93

105
111
111
110

106
109
109
109

106
113
113
113

106
110
110
110

110
115
114
125

106 102 116
107 110 117
106 105 118
101 97 119

110 109
108 108
__ 105 109
110 112

111
108
106
110

110
110
111
113

117
112
121
121

107
109
100
109

115 114
117 114
113 111
109 112

115
116
113
109

116
114
111
112

127 108 97 118
125 111 100 116
119 113 103 119
122 110 109

1928
January
February
March
April
May
June..
July
August
September..
October
NovAmbftf
December

.

118
113
112
105

95
93
99
98

93
94
94
95

96
93
89
91

113
113
113
114

113
112
110
113

121
117
117
117

96 97
95 101
91 106
88 106

99
102
98
98

120
123
123
119

95 103 100
93 95 105
95 84 113
95 89 112

108
109
111
115

111
108
106
108

132
134
136
136

127
131
124
119

122
116
109
119

109 108
108 104
103 100
111 106

94 117
91 102
87 74
92 106

99
94
96
93

81 113
70 108
47 97
53 96

113
108
107
105

107 139
106 142
106 140
111 137

113
116
117
110

123
121
122
113

111
112
105
103

104
105
101
103

92 99 124
90 106 124
85 105 124
87 91 124

91 92 99
92 103 103
93 114 102
97 110 97

111
115
109
108

101
109
107
110

135
139
141
147

124
139
135
131

118
118
119
119

99
98
97
94

103
103
105
103

92 88 121
94 88 119
99 79 121
87 109 119

108 96
119 107
120 112
133 112

113
112
117
124

111 150 134 120
115 153 145 126
112 155 155 125
116 160 154 131

92
90
95
86

82 139 111 126 118 162 165
81 119 105 119 120 160 166
90 96 118 126 159 150
97 92
128

129
127
125
126

92
98
90
93

87 104 111 111 90
95 102 110 105 91
49 106 107 110 100
105 109 109 95

104
107
112
114

103
109
109
100

93
83
94
89

119 80 110 113
117 107 110 117
119 103 113 117
123 105 116 121

102
104
102
103

103 105
104 99
103 101
110 105

93
89
94
91

114
74
66
95

100
99
97
107

85
93
76
87

115 108
122 114
117 113
112 112

94
99
98
95

95 125 109 121 114 115
119 128 115 128 110 108
115 127 105 131 110 114
133 106
98 134

79
79
93
103

1929
January
February
March
April
May
June
» Compiled by the Federal Reserve Board, Division of Research and Statistics, from 60 individual series of data representing the production of about 35 industries and
estimated to represent, directly and indirectly, about 80 per cent of the total industrial production of the United States. The figures are reduced to average daily output
to make figures for each month comparable. In addition, the figures are also corrected for seasonal variation, except the unadjusted total, which is presented to show the
actual output on a daily average basis independent of seasonal conditions. Complete description of this index, which is being substituted for the indexes of manufactures
and minerals previously published, was presented in the Federal Reserve Bulletin for February, 1927, and March, 1927. Monthly data from 1919 appeared in the July, 1928,

issue of the SURVEY (No. 83), pp. 21 and 22.


23

Table 2.—INDEXES OF MARKETINGS OF AGRICULTURAL AND FOREST PRODUCTS]
CROPS

FOREST PRODUCTS

Pulpwood

71
82
93
100
104
96
96
97
99

66
90
120
91
126
83
106
138
132

89
84
92
103
104
93
90
89
91

75
87
94
103
101
96
102
102
103

71
82
93
96
103
101
101
103
102

91
80
84
92
96
112
124
136
137

86
100
99
92
104
104
109
113
119

82
110
117
98
114
88
89
103
120

75
89
103
97
101
102
102
113
111

78
80
88
100
101
99
113
103
112

80
90
87
82
99
119
125
118
117

138
126
91
96
98
106
116
132
114

82
70
90
99
97
104
98
93

80
70
90
100
96
104
98
93

98
68
91
93
106
101
92
93
97

79
78
88
104
100
96
99
93
79

112
49
88
115
88
97
101
102
87

101
75
66
56

88
79
94
89

36
38
88
67

96
79
88
79

79
76
104
114

83
83
97
96

77
83
134
104

102
74
63
53

90
70
60
50

80
68
89
73

50
48
56
53

107
68
62
52

186
134
66
' 51

91
96
106
103

90
99
109
103

111
90
101
119

33
27
18
44

110
102
111
113

56
61
82
96

100
119
111
96

104
171
340
178

83
85
80
85

125
126
92
82

115
160
144
107

129
157
167
180

52
56
79
96

49
75
141
141

94
137
105
75

83
74
168
172

42
19
11
48

33
41
30
69

108
103
96
97

106
103
97
100

121
92
67
54

102
156
161
153

103
89
86
94

September _
October
November.
December..

154
219
186
143

95
95
94
92

64
52
64
75

99
109
102
92

77
76
125
142

95
81
72
76

138
134
112
76

159
231
194
148

112
114
91
77

142
184
99
74

207
245
127
67

193
346
320
238

159
220
217
186

98
97
92
85

99
98
91
84

75
82
99
90

132
124
109
124

93
105
105
105

1937
January
February. _
March
April .

114
97
89
65

88
79 '
94
95

46
48
65
72

96
78
88
79

83
80
113
143

80
81
96
102

102
109
161
116

117
98
89
62

89
76
62
45

88
83
112
114

62
61
61
72

139
108
110
72

194
174
105
36

82
87
94
93

83
88
95
90

72
83
100
119

42
33
32
74

114
98
108
99

May .. June
July
August

67
65
69
114

115
123
109
105

135
348
421
225

93
89
76
89

143
110
81
77

135
160
142
123

142
153
154
187

62
60
65
115

57
76
116
169

115
130
99
86

93
91
114
124

57
31
12
74

29
28
25
106

99
96
89
99

97
96
91
102

117
88
64
63

113
133
124
119

91
92
90
116

September .
October
November.
December .

175
208
160
117

87
95
92
88

89
68
68
66

85
108
101
92

75
73
114
126

89
81
71
71

150
154
119
79

183
219
166
120

178
160
109
104

146
199
107
74

183
223
96
57

186
260
227
145

220
266
238
170

98
96
93
86

99
94
91
83

84
100
111
111

124
117
109
98

113
104
100
95

1928
January
February..
March
April

98
82
79
82

96
94
97
95

61
48
49
61

107
101
92
83

80
89
118
130

89
87
97
101

81
106
160
137

98
81
77
81

99
108
112
66

100
102
106
91

45
43
44
47

81
55
60
58

194
105
40
25

81
87
96
96

80
88
97
95

99
83
102
111

38
26
25
77

97
91
103
91

75
57
89
113

108
116
108
97

195
378
387
195

90
83
78
79

139
106
92
80

115
147
138
117

156
168
154
170

72
52
87
115

84
56
147
186

136
164
107
83

94
75
164
165

56
24
28
45

23
24
22
117

101
94
87
89

98
93
88
88

120
96
64
82

140
172
170
161

85
81
76
73

170
238
172
146

92
102
93
92

54
35
70
55

92
95
98
95

76
86
110
126

95
89
77
78

137
153
131
88

178
251
1.79
152

165
174
122
122

133
151
94
69

206
266
119
70

184
353
258
206

206
207
207
194

77
87
84

77
84
80

68
108
116
114

129
128
119
122

64
85
97
101

3
&

I

!

,

<e
fl

>

1

!

Lumber

O

YEAR AND
MONTH

Livestock

Miscellaneous

!

Cotton

Dairy products

Total,
agricultural

Poultry and
eggs

ANIMAL PRODUCTS

a

Relative to 1923-1925 average

1920 mo. av_
1921 mo. av_
1922 mo. av.
1923 mo. av.
1924 mo. av.
1925 mo. av_
1926 mo. av.
1927 mo. av.
1928 mo. av.

86
98
98
93
104
103
108
112
117

1926
January
February. _
March
April
May _.
June
July
August

May
June
July
August

_.

September,
October
November.
December..

N

1929
January
February
March>
AprilMay
June
*Weighted averages, compiled by the U. S. Department of Commerce, Bureau of the Census, representing 90 per cent of crops, 95 per cent of marketed livestock and
their products, and 80 per cent of forest products. For details pertaining to the construction of these indexes as well as earlier data, see the July, 1928, issue of the Survey,
pp.
18,19,
and 20. The index of total agricultural marketings is a composite of animal and crop marketings shown separately in this table.



24

Table 3.—INDEXES OF COMMODITY STOCKS AND UNFILLED ORDERS
STOCKS, END OF MONTH 1

Brick and glass

95
87
106
100
95
101
104
121
127
127

96
78
99
100
93
103
105
127
128
143

124
143
116
99
92
109
137
146
122

90
100
101
103
106
103
91
84
91
97

47
49
66
77
91
111
99
96
108
112

210
101
108
122
87
91
85
74
76

74
109
125
124
82
94
84
85
72

220
104
111
124
85
91
81
71
80

484
211
118
140
86
74
88
71
64

62
33
83
109
93
98
91
78
78

115
43
78
115
95
90
76
73
71

83
81
81
77

137
143
148
147

95
102
106
110

112
140
161
158

130
140
159
152

108
162
194
203

94
104
109
96

89
119
129
121

82
79
80
77

82
77
79
70

79
78
80
81

79
74
86
87

90
84
79
68

75
68
71
74

61
71
87
92

75
72
71
68

144
154
158
165

116
125
124
122

150
146
132
118

140
149
141
126

197
180
156
137

100
88
68
62

112
105
98
91

83
82
81
78

85
91
89
88

80
76
76
73

91
91
86
74

83
80
82
79

72
77
88
87

147
137
132
123

93
102
106
116

70
68
68
69

170
166
150
140

113
101
98
94

105
100
95
104

111
112
108
119

117
99
88
96

69
79
89
96

86
86
85
89

76
76
75
73

88
86
85
85

64
63
65
66

73
69
72
66

92
101
87
78

78
76
72
74

122
122
123
125

116
118
130
154

118
107
109
80

69
70
70
69

129
129
132
133

97
103
107
108

124
149
152
150

125
136
135
136

135
173
186
183

103
117
113
104

110
145
144
137

71
68
68
72

87
84
76
69

65
66
71
85

62
62
51
57

72
62
63
52

73
60
62
59

114
115
113
116

119
118
106
104

169
178
172
167

99
109
133
129

68
67
66
67

128
146
155
162

113
116
114
108

139
137
132
125

127
144
152
154

168
151
130
114

105
95
90
75

127
116
107
101

81
82
81
77

77
81
75
71

89
90
90
82

64
64
71
73

79
76
72
70

63
67
71
75'

147
140
133
131

118
120
109
121

109
94
104
105

155
153
149
140

142
153
155
156

69
71
71
72

170
162
145
136

102
95
91
90

114
102
95
102

141
126
121
136

98
81
67
66

82
74
87
88

95
93
91
93

74
75
77
75

72
67
69
66

72
75
75
75

73
69
68
60

79
84
91
88

77
75
85
74

130
135
143
147

125
123
125
125

104
103
107
108

130
116
136
156

137
139
133
132

73
74
75
75

130
149
156
157

97
103
107
109

120
149
156
157

145
157
156
162

96
149
170
174

116
133
126
97

108
138
144
135

75
72
73
74

69
72
72
75

75
75
76
83

60
62
49
53

84
69
77
65

73
59
68
65

Rubber

Iron and steel

Lumber

Chemicals and
oils

68
82
98
96
106
157
147
150

59
58
77
77
90
104
106
100
109
104

1

Foodstuffs

! 1
s!
S

Leather

Textiles

Chemicals and
oils

Paper and printing

Stone, clay, and
glass

j

Lumber

£

Nonferrous
metals

5

Iron and steel

a
1

Foodstuffs

YEAR AND
MONTH

UNFILLED ORDERS,
END OF MONTH *

Raw materials

Manufactured goods

1,

3f
II

! 1*

flo*

Relative to 1923-1925 average
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.
1928 monthly av.

93
86
102
95
95
102
104
115
121
123

90
84
97
87
94
103
103
106
113
116

127
118
97
84
100
104
96
90
97
103

85
100
109
96
95
115
104
128

84
76
86
104
110
114
120
141

151
94
94
115
91
101
117
119

100
89
92
103
105
113
120
107

84
76
80
104
116
127
140
152

115
87
85
112
103
64
95
135

135
121
117
95
89
85
70
71

1936
September
October
No vember
December

108
123
137
136

104
101
103
107

104
91
79
75

112
108
110
112

111
106
111
119

95
96
98
105

111
111
115
125

102
97
122
142

69
56
52
46

1937
January
February __ .
March
April

132
131
124
116

109
112
112
112

81
82
84
86

100
91
94
97

116
121
118
121

115
117
119
120

123
122
119
115

153
159
158
152

May
June
July
August..

108
107
105
109

112
115
117
115

92
113
128
129

100
105
111
95

127
120
118
117

119
125
118
114

110
115
121
122

September
October _ .. _ _
November
December

120
132
135
133

114
110
111
113

116
96
81
79

108
109
113
127

125
115
123
128

111
113
118
119

1938
January
February
March
April

129
130
127
122

115
120
120
118

85
100
104
103

134
132
137
138

141
146
152
147

May
June —
July
August

117
108
104
108

120
117
118
115

103
118
126
117

137
134
129
125

September
October.. ._ _
November
December

116
133
138
140

111
111
114
118

105
93
87
96

118
113
118
123

__

92
89

70
59

1939
January
February
March
April
May
June
1
Compiled by the U. S. Department of Commerce, Bureau of the Census, from data on 45 commodities covering stocks in the hands of manufacturers or at other visible
points at the end of each month. Details covering construction and weightings are to be found on pp. 20 to 22 of this issue. This index represents a complete revision of the
stocks index formerly published. No adjustment has been made for seasonal variations.
2 Compiled by the U. S. Department of Commerce, Bureau of the Census, from data on 17 commodities, weighted according to the relative value added in manufacture
in the years 1923 and 1925. In addition to the groups mentioned in this table, data are also included in the total covering paper, which, however, is not deemed representative of the paper group, since only one class of paper is included. Details as to weightings, sources, etc., are given in the January, 1928, issue (No. 77).




25

Table 4.—INDEXES OF WHOLESALE PRICES

i

Total

Hides
Metals Build- ChemFarm
and
and Textile Fuel
ing
icals
and metal
prod- Foods leather prod- lightand
prod- ucts ing prod- mateucts
rials
drugs
ucts
ucts

SemiHouse
Raw manufur- Misnish- cella- mate- facing neous rials tured
articles
goods

Finished
products

Nonagric.
cornmod.

BRADSTREET'S »
(end of month)

DEPABTMENT OF LABOB INDEX >

DUN'S '
(end of month)

[Base year In bold-faced type]

YEAR AND MONTH
Number of quotations
550

67

121

40

75

23

73

57

78

Commodities

37

25

1

108

62

380

483

300

96

Relative to 1926
1913
1914
1915
1916
1917
1918
1919
1920

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av
monthly av
monthly av

69.8
68.1
69.5
85.5
117.5
131.3
138.6
154.4

71.5
71.2
71.5
84.4
129.0
148.0
157.6
150.7

64.2
64.7
65.4
75.7
104.5
119.1
129.5
137.4

68.1
70.9
75.5
93.4
123.8
125.7
174.1
171.3

57.3
54.6
54.1
70.4
98.7
137.2
135.3
164.8

61.3
56.6
51.8
74.3
105.4
109.2
104.3
163.7

90.8
80.2
86.3
116.5
150.6
136.5
130.9
149.4

56.7
52.7
53.5
67.6
88.2
98.6
115.6
150.1

80.2
81.4
112.0
160.7
165.0
182.3
157.0
164.7

56.3
56.8
56.0
61.4
74.2
93.3
105.9
141.8

93.1
89.9
86.9
100.6
122.1
134.4
139.1
167.5

68.8
67.6
67.2
82.6
122.6
135.8
145.9
151.8

74.9
70.0
81.2
118.3
150.4
153.8
157.9
198.2

69.4
67.8
68.9
82.3
109.2
124.7
130.6
149.8

69.0
66.8
68.5
85.3
113.1
125.1
131.6
154.8

64.3
64.8
67.6
80.3
110.5
121.9
123.2
129.3

70.9
68.9
77.4
93.3
123.8
145.2
145. 6
140.6

1921
1922
1923
1924
1925
1926
1927
1928

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av
monthly av
monthly av

97.6
96.7
100.6
98.1
103.5
100.0
95.4
97.7

88.4
93.8
98.6
100.0
109.8
100.0
99.4
105.9

90.6
87.6
92.7
91.0
100.2
100.0
96.5
101.0

109.2
104.6
104.2
101.5
105.3
100.0
107.9
121.7

94.5
100.2
111.3
106.7
108.3
100.0
95.7
96.3

96.8
107.3
97.3
92.0
96.5
100.0
86.5
82.8

117.5
102.9
109.3
106.3
103.2
100.0
98.2
99.8

97.4
97.3
108.7
102.3
101.7
100.0
93.3
93.7

115.0
100.3
101.1
98.9
101.8
100.0
96.6
95.5

113.0
103.5
108.9
104.9
103.1
100.0
98.2
97.4

109.2
92.8
99.7
93.6
109.0
100.0
89.9
83.0

88.3
96.0
98.5
97.6
106.7
100.0
96.5
99.1

96.1
98.9
118.6
108.7
105.3
100.0
96.9
97.4

103.3
96.5
99.2
96.3
100.6
100.0
94.5
97.0

100.1
97.3
100.9
97.1
101.4
100.0
94.4
95.5

89.1
92.3
100.8
100.9
104.6
100.0
99.4
103.1

87.2
95.3
103.5
100.0
108.0
100.0
99.4
102.4

93.7
93.8
94.1
95.2

96.3
96.5
97.6
102.2

94.4
94.4
93.9
94.2

103.7
107.3
111.7
111.7

93.9
94.3
94.3
96.2

83.9
84.2
84.2
84.1

98.6
98.2
97.7
98.0

95.1
94.6
93.7
92.9

95.4
95.8
95.3
95.4

97.8
98.0
98.0
98.6

91.3
90.2
89.3
89.9

93.9
94.1
94.7
97.5

96.0
95.6
95.7
97.3

93.6
93.4
93.5
93.4

93.2
93.1
93.2
93.3

99.3
98.4
98.8
99.8

96.2
95.8
97.4
99.8

96.5
97.0
96.7
96.8

105.9
105.0
104.3
104.4

96.5
100.0
101.5
100.7

112.5
113.0
114.3
116.9

98.5
98.4
97.5
97.2

84.2
83.8
82.9
82.5

97.6
97.1
97.0
98.4

92.1
91.6
90.2
90.4

96.4
97.1
97.4
97.2

98.6
98.5
98.9
98.8

89.2
88.3
88.3
89.0

99.9
99.5
99.0
99.2

98.6
97.6
97.0
97.7

94.0
95.5
95.3
95.3

94.0
94.8
94.6
94.8

100.9
101.6
102.5
102.3

102.7
103.7
104.7
105.0

96.3
96.4
96.0
97.4

106.1
104.5
103.5
107.6

98.5
98.7
98.0
99.5

121.0
124.1
124.0
126.7

96.7
96.6
96.5
96.5

80.8
81.2
80.8
80.8

98.1
98.3
98.4
98.4

90.8
91.0
91.0
92.5

96.3
95.8
95.6
95.8

98.6
98.4
98.3
97.9

89.0
87.3
86.8
84.9

100.2
99.1
97.9
100.1

97.7
97.1
97.8
97.9

93.9
94.8
94.8
95.9

93.7
94.2
94.0
94.7

101.7
102.7
103.6
105.6

104.7
103.2
103.8
104.0

98.6
97.6
98.3
98.9

109.8
106.7
107.1
107.0

101.2
100.3
102.3
104.1

126.3
123.7
124.2
121.0

96.6
96.3
96.8
96.3

81.8
82.1
82.8
84.6

98.6
98.7
98.6
100.4

93.5
93.9
94.4
94.6

95.3
94.9
94.5
94.7

97.8
97.0
96.9
97.2

85.1
82.2
80.8
79.3

101.4
99.3
99.5
99.2

98.6
97.8
97.8
97.3

97.1
96.7
07.8
99.1

95.6
95.2
95.9
96.7

103.8
103.5
102.9
102.8

102.1
101.7
102.1
102.8

100.1
97.8
96.7
96.7

108.8
103.5
101.6
103.6

106.9
102.3
100.1
98.0

120.7
117.5
115.5
115.7

95.6
96.1
96.1
96.1

85.1
84.9
84.4
83.5

100.5
101.0
101.7
102.9

94.7
95.0
96.0
96.8

95.1
95.6
96.0
96.1

97.2
96.5
96.4
96.4

79.7
80.3
80.0
80.1

100.5
97.4
96.2
97.4

96.9
96.9
96.9
97.2

100.5
98.5
97.2
96.4

97.8
96.4
95.4
94.8

103.3
102.3
102.6
102.0

101.6
100.7
101.8
100.3

1927
May
June
July
August

September
October
November _
December
1928
January
February
March
April
May
June
July
August

September .
October
NnveTnb^r
December...

-

_

_

1929
January
February
March
April
May
June

i Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, based on ninthly averages of 550 weekly quotations, arranged in 10 groups and also reclassified by state of manufacture with a grouping of all nonagricultural commodities, consisting of the total index minus the 67 quotations in thefarm-products group. This
index supresedes the index based on 1913 as 100, which was published in the August, 1927, issue (No. 72) and previous issues. In computing this new index, the price of
each commodity is weighted by multiplying it by the estimated average quantity marketed in the years 1923 to 1925, or 1923 and 1925 in the case of most manufactured
commodities, the census data being used for those years. Monthly data from 1923 appeared in the November, 1927, issue (No. 75), p. 24, except for data for state of manufacture, which appeared in the June, 1928, issue (No. 82), p. 23. Full description of the new index, with details on subgroups and on individual commodities is contained in Bulletin 453 of the Bureau of Labor Statistics.
* Data compiled, respectively, by Dun's Review and Bradstreet's 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.



26

Table 5.—COST OF LIVING, FARM, AND RETAIL PRICE INDEXES
FARM PRICES >

Fuel and light
Food

YKAB AND MONTH

Shel- ClothIng
ter

SunAll
dries groups
Com- Fuel
blned

Dairy
Fruits Meat and Cotton
and UnAn
and
ani- poulcot- classi- groups
Grains
try
tonfied
mals products seed

"S2T-

Number of quotations

Light

6

Eelative to July, 1914
1909-14 monthly av~
1913 monthly av
100
1914 monthly av
100
1915 monthly av
111
1916 monthly av
146
1917 monthly av

9

5

4

2

5

31

Kelative to 1909-1914 average (fiscal years)

RETAIL COAL PRICE <

COST OF LIVING i

RETAIL FOOD PRICE »

i

[Bam ye»r In bold-faced type]

Relative to 1913

100
92
100
83
123
202

100

1OO

100

100

1OO

92
103
120
126
217

108
112
104
120
173

101
101
99
106
134

97
85
78
119
187

94
95
95
100
130

100
102
100
117
176

100

100

102
101
114
146

100
99
104
117

100

100

100

1OO

100
102
105

103
120
143

102
104
126

100
104
117

100
101
109
131
159
172
197
167
157
161

226
231
231
112
105
114

162
189
249
148
152
136

202
206
173
108
113
106

160
182
197
151
135
147

245
247
249
101
156
216

157
162
152
90
88
101

200
209
205
118
123
134

168
186
203
153
142
146

127
150
U90
192
•191
194

100

100

100

1918 monthly av
1919 monthly av
1920 monthly av.... .
1921 monthly av
1922 monthly av
1923 monthly av.....

173
186
205
156
142
146

118
129
155
169
166
173

185
205
261
166
155
170

138
144
168
183
179
180

197

146

153
164
185
184
173
173

1924
1925
1926
1927
1928

146
157
160
155
154

184
180
176
169
162

175
174
174
171
172

169
167
163
163
161

182
181
186
184
181

142
140
120
122
122

174
175
174
173
171

163
168
168
164
162

129
156
129
128
130

124
160
189
155
146

109
139
146
139
150

137
143
141
138
143

211
177
122
128
152

100
92
88
83
87

134
147
136
131
139

146
157
161
155
154

193
?192
U94
190
188

154
156
157
156

168
167
167
166

171
170
171
171

162
163
163
163

183
184
184
184

122
122
122
122

172
173
173
173

163
164
164
164

134
128
120
123

145
138
136
141

142
145
141
138

137
146
153
158

179
169
162
153

87
83
86
90

140
139
137
137

154
156
157
156

190
190
191
191

155
152
151
152

166
165
165
163

172
171
173
171

163
163
163
160

184
184
184
179

122
122
122
122

172
172
171
171

163
162
161
161

125
128
136
144

144
153
174
179

138
139
139
142

154
144
137
134

152
141
147
154

91
90
89
85

137
135
137
140

155
152
151
152

191
191
191
185

May
June
July
August

154
153
153
154

163
162
161
161

171
171
174
173

158
158
158
159

176
176
177
178

122
122
121
121

171
171
171
171

162
161
161
161

160
152
142
120

181
168
156
137

151
150
157
162

134
132
134
136

166
162
170
153

86
87
88
87

148
145
145
139

154
153
153
154

183
185
185
187

September
October
November
December

158
157
157
156

161
161
160
160

174
173
172
171

160
161
162
163

180
182
183
184

121
121
121
121

171
171
171
171

163
163
163
162

117
116
110
112

127
114
109
108

174
160
150
143

' 145
150
155
159

142
147
146
148

85
83
86
90

141
137
134
134

158
157
157
156

189
189
190
190

monthly av
monthly av
monthly av
monthly av
monthly av

1937
September
October
November
December .
1928
January
February
March
April

1929
January...,.
February _ _
March
April..

- -

.

_ ..

May
June .. _
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
yearss on fuel and light. The cost-of-living indexes of the U. S. Department of Labor, now compiled only semiannually, are omitted.
Compiled by the Department of Agriculture, Bureau of Agricultural Economics, as of the 15th of the month. These indexes are based upon prices received by farmers
throughout the country for their respective crops and animal products, as collected by the department, and are weighted by the average annual marketings by farmers for
the period
1919^-23. For the detailed explanation of this index see August, 1925, monthly supplement to " Crops and Markets," published by the Department of Agriculture.
1
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 workmgmen's families as reported by retail dealers in 51 of the largest cities as of the 15th of the month. Monthly data from 1913 appeared in Bulletin 396
of the4 Bureau of Labor Statistics, p. 12.
The retail coal price index compiled by the U. S. Department of Labor, Bureau of Labor Statistics, is based on an unweighted average of quotations on Pennsylvania
anthracite, white ash, chestnut, as of the 15th of each month in 51 cities. The annual figures from 1913 through 1920 are based on 2 quotations a year, on Jan. 15 and
July115; thereafter monthly averages are used.
8 months' average, February, March, April, and May missing.
 •1 11 months' average, August missing.
10
http://fraser.stlouisfed.org/ months' average, no quotations being available for other months.

Federal Reserve Bank of St. Louis

27

Table 6.—WOOL*

Total

Domestic

Foreign

CONSUMPTION
(In
In
grease
As Im- grease equivaported equiva- lent) 3
lent

(In grease equivalent,
quarterly)

Total

MACHINERY ACTIVITY •

Looms
Held by
manu- Held by
Carfacdealers
pet
turers
Wide Narrow and
rug

Thousands of pounds
1913 monthly average...
1914 monthly average...
1915 monthly average. . .
1916 monthly average...
1917 monthly average...
1918 monthly average. _ _
1919 monthly average...
1920 monthly average...

18, 761
27,906
35, 801
36,683
42, 214
41, 956
39, 918
22,839

13,483
15,894
15, 142
17,100
17, 510
15, 275
17, 825
8,809

5,278
12, 012
20,660
19,583
24,704
26,682
22,093
14, 030

12,632
21, 557
34,393
37,432
35,083
37, 811
37,158
21,635

1921 monthly average. _.
1922 monthly average. . .
1923 monthly average. _ .
1924 monthly average. . .
1925 monthly average. . _
1926 monthly average. . .
1927 monthly average. _,
1928 monthly average _ _ _

28, 589
36, 151
34, 759
26,001
25, 501
29,102
28,629
25, 074

11, 977
15,913
12, 095
16,687
11, 018
14, 105
18, 266
17, 543

16, 613
20,238
22, 664
9,315
14,483
14,997
10, 363
7,531

26, 722
31,390
32, 854
22,351
28,271
25,856
22,222
20,384

24,921
31, 659
28, 017
25, 402
23,188

1938
January..
February
March
April

17,281
18, 085
24, 705
21, 346

8,044
6,399
6,497
8,138

9,237
11,686
18, 208
13,208

24, 759
21,305
29,473
20,474

28,353
23, 646
33, 120
23, 600

45, 087
48,324
46, 757
38, 855

33,331
55,842
54,907
29,720

25,843
50, 083
51,346
25,802

7,488
5,759
3,561
3,918

25,040
19, 671
18, 289
14,472

28, 163
21,383
19,805
16, 078

43, 911
41, 282
38,099
45, 103

10, 315
8,090
12, 746
14, 524

7,156
4,598
9,322
7,293

3,159
3,492
3,424
7,231

14, 510
20, 730
15,587
20,293

17, 015
24, 193
18, 488
24,411

43, 492
51, 477
50,079

May
June
July
August

. ..

.
_

September
October
November
December

44,487
54, 163
53,467
44, 813
43,857
42,503
45,961

Spinning
spindles
Combs

YEAR AND MONTH

STOCKS <

IMPORTS »

Sets of cards

RECEIPTS AT
BOSTON i

Wool- Woren sted

Per cent of active hours to total reported

73
78
73
91
88
84
72
70

68
65
72
80
74
60
57
67

79
77
84
90
94
91
84
70

77
78
78
90
90
86
83
75

77
75
85
90
93
90
83
68

74
78
74
90
85
81
79
74

492, 114
652, 258
554, 183

206,669
227, 236
220,339

207,008
215,737
255, 015

75
74
73
86
87
85
71
64

559,431
478, 761
480, 867
383,100
352, 061
357,266
334, 512

279,381
290,023
247, 431
207, 803
179, 213
166, 100
168,257

233,940
188,738
233,437
175, 297
172,848
191, 166
166, 255

69
68
83
69
69
63
62

64
65
76
62
64
61
63

51
77
82
66
72
63
64

71
89
98
88
86
77
79

89
91
98
80
77
79
80

72
87
92
85
84
73
78

82
79
92
66
67
69
67

62
60
57
58

52
51
57
51

68
67
68
71

78
78
79
78

75
80
70
64

78
77
76
75

66
68
61
56

60
59
53
55

53
58
49
48

65
62
55
63

80
81
78
77

64
63
59
65

79
78
75
74

55
49
50
58

59
67
70

53
66
66

62
67
68

85
93
89

74
82
81

80
88
85

62
68
72

261, 749

175,876

85,873

385,407

173, 556

211,850

369,816

158,346

211,470

1929
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, pp. 10, 11, 12,
14,16, and 17.
i 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
und 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.
1
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.
» 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 !>$• Further details as to classes of wool and districts are given in press releases.
« Stocks of wool held by about 600 manufacturers and about 400 dealers from the U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922,
and thereafter by that bureau jointly with U. S. Department of Commerce, Bureau of the Census. Until the third quarter of 1920, the stock reports by manufacturers are
practically complete, with about 600 firms reporting. Thereafter one large firm and a number of small firms, varying from 10 to 20, did not report, but estimates were made
for them from the third quarter of 1920 through the third quarter of 1921, in order to make the data comparable with previous figures; these figures, however, are not comparable with the later data from the reduced number of firms, which represent about 85 per cent of manufacturers' stocks. Stocks in dealers' hands include U. S. Government stocks taken over during the war and finally disposed of shortly after the end of 1921. Stocks include wool, tops, and noils and are reduced to grease equivalent in
the same manner as in the consumption report; further details as to classes of wool, etc., are given in press releases.
u
• Percentage of active wool machinery compiled by the U. S. Department of Commerce, Bureau of the Census, beginning with June, 1919. From October. 1918, *K.-—
.
May,, 1919,, these data had been collected by the U.. S.. Department
of
eae
o Agriculture,
grcure, while previous
evou thereto
n e e o they
ey were compiled
c o m p e byy thee National
aona Association
ssociaon of
o Wool.
oo anufacturers. 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 oflset all idle hours and leaves an excess. Details as to number of spindles, etc., are given in press
releases, These data comprise practically all wooteonsuming mills.




28

Table 7.—CLOTHING

YEAH AND MONTH

MEN'S AND BOYS'
GARMENTS CUT 1

OVERALLS 2

Separate OverSuits troucoats
sers

Net filled
orCut ship- ders,
ments end of

HOSIERY 3

Un-

UnProUnSt'ks, New filled ProducNet
Net St'ks, New filled
tion ship- end of orders orders, duc- ship- end of orders
orders,
(all ments mo.
end of tion ments mo.
end of
mo.
mo.
mo. classes)

of dozen
Thousands of garments Thousands
garments
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

2,037
2,280
2,205
2,025

2,160

2,295
2,260
2,062

KNIT UNDER WEAR <

Thousands of dozen pairs

«3,834
3,352

522
481
493
465

3,812

3,522
3,749

3,331

6,259

3,410

3,758
3,620
3,780

5, 771

3,888
3,639
3,909

6,953
6,843
6,856

6,703
7,781

Thousands of dozen garments

5,755
7,394
6,077
5,960

986
6765
6168
846
770
994
1,046 1,070
1,309
1,170 1,230
1,157
7
7 1, 108 ? 1, 038
1, 119
1,154 « 1, 156 « 1,106 * 1, 221
1,029 1,020 1,243
965
1,062 1,104 1,331
1,124

6,837
1,840

2,992
3,807
2,456
3,002
2,175

2,364

1926
752
878
362
308

3,557
3,694
3,733
3,487

4,015

2,187
1,919
2,071

2,170

*300

3,681

2,320
2,284
2,032

305
343
255

3,640

May
June
July
August

1,775
1,970
1,902
2,151

2,032
2,064
1,950
2,199

379
544
614
710

September
October
November
December

1,839
1,715
1, 692
2, 095

1,963
1,989
1,847
1,902

729
704
435
261

2,207
2,408
2,265

2,021

1,584

1,662

269
280
280
199

September
October
November
December

1,897
1,790
1,644
2,081

_ _

2,296

3,940
3,888
3,560

3,946
4,289

5,566
5,667
5,783

6,710

4,012
3,261

5,100

7,301

3,668

5,513

7,567
7,342
7,758

3,701

3,709

3,175
3,412
4,251
3,618

4,225
3,963

5,668
5,530
5,807

3,694

3,551

4,058

6,141

3,941
3,113

3,886
3,226

7,914
8,141

4,143

4,016

3,095
3,892

6,342
6,046

3,807

8,390
8,093

3,841
4,151

4,355
4,294
3,927
3,646

7,695
7,965
7,568
7,640

4,896
4,246
3,838

6,407

3,183

5,395

3,109
3, 137
3, 363
3,418

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

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

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

1,055
1,181
1,181
973

1,464
1,359
1,230
959

1,216
1,322
1.073
1,100

1,241
1,147
1,046
924

2,416
2,185
1,967
1,925

1,022
1,132
1,215
1,151

917
1,042
1,194
965

1,202
1,209
1,250
1,520

1,309
1,025
1,208
934

1,148
1,113
881
1,098

1,019
998
942
1,306

1,709
1,761
1,658
1,570

1,028
894
852
1,236

2,164

1,016
1,297
1,154

1,402
1,514
1,189

1,370
1,228
1, 183

1,213
1,483
1, 183

1,696
1,645
1, 620

1937

January
February
March
April

_- -- _-

2,264
2,382
2,574
1,932

__ _

1938
January
February. .
,
March
April
May
June
July
August

September
October .
November
December

_

3.863
3,386
354
377
372
341

294
353
254
308

99
106
97
125

3,578
3,603
3,808
3,304

3,033
3,279
3,808

7,983
8,466
8,494

3,217

8,618

163
159
169
159

3,462
3,292
2,786
3,469

3,312

9,030

3,386
2,963

9, Oil
8,916

3,731

8,648

161
174
226

3.255
3,852

3,755
4,166

2,045

1,658
1,818
1,638
1,895

330
463
535
666

370
367
346
394

323
322
330
360

1,601
1.562
1,515

1,852
1,884
1,543

647
711
463

385
404
334

358
340
294

1,806
1,902
1,911

. _

2,043
2,329

4,159

6,018

6,481
6,167

5,380
5,167

4,532
4,520

3,682
3,573
2,836
3,202

4,794
4,900

8,128

3,810

7,849

4,342

3,957
3,888

4.711
4, 076

2,408
2,615

2,566
2,614

2,458
2,543

2,313

2,275
2,281

2,245
2,053
1,947
1,896

1929

January
February
March
April

._ ..

.
,

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, pp. 37, 38, and 48,
except for men's and boys' garments, for which monthly data from 1924 appeared in the May, 1928, issue (No. 81), p. 48
i Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 730 identical establishments in 1927 and approximately identical establishments
hereafter. Earlier figures are from 467 establishments prorated to compare with the 730 establishments on the basis of the relation of the figures in both groups in 1927.
Details by materials are given in press releases.
* Compiled from reports to the U. S. Department of Commerce, Bureau of the Census, from about 290 establishments; further details by kind of overalls are given in press
summaries. The data represent overalls, overall jackets, and one-piece overall suits, while additional data on children's play suits, work pants and breeches, blanket-lined
and 8similar coats, sheep-lined coats, leather jackets and hunting, riding, and camp clothing are shown in the press summaries.
Compiled by the U. S. Department of Commerce, Bureau of the Census, as reported by 261 identical establishments, which produced 44 per cent of the total output of
hosiery in 1925, according to the census of manufacturers. Further details are given in press releases.
< Data from U. 8. 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.
6
7
11 months' average.
* 6 months' average.
9 months' average.




29

Table 8.—TEXTILE WHOLESALE PRICES
WORSTED
YARN

DRESS
GOODS

SUITING

SILK,
RAW

SILK
GOODS

Carded, Carded,
white,
north- single
warp,
dling,
ern,
40/ls,
upland. mule southspun,
New
ern
York
23/1,
spincones,
ning
Boston

cloth, ing, 4/4
Terri- combing
2/32's,
64 x 60, Trion,
tory, grease,
crossCom- 38H
Ohio
LL,36",
in.,
fine,
bred
posite 5.35 yds. 4yds.
and
stock,
index *
staple, Penntolb.,
to lb., scoured
Boston
sylvania
f. o. b.
New

French
serge,
39",
at mill

finished
worsted,

Un-

Japanese,
13-15,
New
York

Composite
index «

Dollars per pound

Eel. to
1911-1913

COTTON

Price to
YEAR AND
MONTH

ducer,

all

grades3

1913
1914
1915
1916
1917
1918
1919
1920

mo
mo
mo
mo
mo
mo
mo
mo.

av
av
av
av
av
av
av
av

COTTON GOODS

COTTON YARN

Mid-

Print

mill

8

Dollars per pound

Dollars per yard

Dollars
Dollars
per pound per yard

$0.78
.64
.79
1.05
1.56
2.11
7 1.63
1.83

$6. 273
6.960
9.639
9.084

$1.82
1.75

.077
.086
^.103
! 091
.093
.076
.076
.077

.087
.104
.123
.113
.104
.093
.093
.092

.85
1.25
1.41
1.42
1.40
1.15
1.10
1.16

.26
.42
.51
.53
.55
.46
.45
.54

1.18
1.41
1.73
1.69
1.72
1.44
1. 37
1.56

$1.03
.99
1.01

• $2. 168
2.195
2.348
2.005
1.912
1.997

6.574
7.648
8.653
6.248
6.574
6.195
5.443
5.072

1.40
1.44
1.57
1.38
1.39
1.36
1.24
1.18

147
150
152
162

.071
,073
.075
.084

.082
.084
,087
.098

1.08
1.09
1.13
1.12

.41
.42
.44
.44

1.33
1.33
1.35
1.35

.98
.98
.98
.98

1.913
1.913
1.913
1.913

5. 831
5.488
5.292
5.145

1.25
1.24
1.23
1.23

.547
.546
.530
.522

177
175
172
168

.089
.087
.083
.080

.110
.111
.110
.105

1.12
1.12
1.12
1.14

.45
.47
.48
.49

1.38
1.40
1.40
1.40

.98
1.00
1.00
1.00

1.913
1.913
1.913
1.917

5.096
5.145
4.802
4.998

1.20
1.20
1.19
1.19

.369
.360
.366
.366

.523
.494
.483
.480

166
163
161
161

.080
.077
.076
.076

.098
.095
.092
.091

1.17
1.20
1.20
1.19

.50
,52
.52
.53

1.43
1.50
1.53
1.55

1.00
1.00
1.03
1.03

1.935
1.953
2.008
2.008

5.145
5.292
5.194
5.390

1.19
1.20
1.20
1.20

.217
.214
.215
.193

.380
.374
.384
.369

.480
.489
.515
.514

164
162
165
163

.079
.077
.079
.075

.092
.091
.092
.091

1.18
1.18.
1.17
1.14

.55
.55
.55
' .54

1.58
1.58
1.60
1.60

1.03
1.03
1.03
1.03

2.008
2.008
2.008
2.008

4.998
4.851
4.851
4.851

1.19
1.18
1.17
1.16

.185
.196
.199
.205

.358
.372
.375
.378

.501
.495
.511
.506

160
163
164
165

.074
.078
.078
.078

.089
.090
.090
.091

1.14
1.10
1.12
1.14

.54
.54
.55
.55

1.58
1.58
1.55
1.58

.99
.98
.98
.98

2.008
2.008
2.008
2.008

5.096
5.145
5.047
4.998

1.16
1.16
1.16
1.16

.125
.193
.270
.268
.222
.151
.159
.186

.152
.213
.294
.287
.235
.176
.176
.200

.331
.397
,486
.475
.418
.358
.351
.371

$0.448
.571
.648
.593
.558
.508
.491
.499

162
187
213
199
188
160
157
163

.139
.148
.155
.171

.163
.168
.180
.203

.335
.346
.354
.387

.456
.470
.481
.512

September
October
November
December

.225
.210
.200
.187

.218
.211
.203
.196

.406
.402
.383
.371

1938
January
February
March
April

.186
.170
.178
.187

.190
.185
.195
.203

May
June
July
August

.201
.197
.210
.188

September
October
November
December..

.176
.181
.178
.180

_

Dollars per yard

mill

fleeces

$0.25
.26
.36
.41
.66
8.76
.64
.51

$0. 248
.218
.198
.297
.449
.662
.596
.703

1937
May
June
July _
August

York

13 oz., at

.61
.71
.87
1.59
81.84
1.74
1.66

$0. 128
7
.119
.102
.145
.235
.318
.324
.339

av
av
av
av
av
av
av
av _

}i blood

Sheet-

$0. 062
.056
.052
.072
.119
.195
.168
.211

100
97
91
122
187
292
272
323

$0. 120
.104
.091
.137
.220
.295
.299
.310

1921 mo
1922 mo
1923 mo
1924 mo.
1925 mo
1926 mo.
1927 mo.
1928 mo.

WOOL
(Boston) 2

>

$0. 053
.046
.041
.061
.095
.159
.146
.182

$0.57

1929
January
February
March
April
May
June . _

* Unless otherwise specified, all prices are averages of weekly quotations as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data from
1909 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, pp. 13,14,15, 28, 35, and 36, except on raw
silk,2 Japan, 13-15, New York, for which monthly data from 1917 were presented in the November, 1927, issue of the SURVEY (No. 75), p. 27.
Averages of weekly quotations on representative grades in the Boston market, as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
3
Price of cotton to the producer, given at the end of each month until December, 1923, since which month it is given as of the 15th of the month, is a weighted average
of prices received by producers throughout the United States for all grades of cotton as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
The 4 market price in New York, on the other hand, is quoted on a specific grade and includes handling and transportation charges.
Fairchild cotton-goods index, compiled by the Daily News Record, represents average weekly wholesale quotations of 36 standard cloths in the New York market.
5 Fairchild silk-goods index, compiled by the Daily News Record, represents the arithmetic average price per yard at the end of each month in the New York market
of 18 domestic numbers and 5 Japanese numbers, including most of the standard fabrics manufactured both in the United States and in Japan. Monthly data from 1919
are given on p. 138 of the present issue.
8 Average for years 1911 to 1913, inclusive.
7
Average for 10 months.
8
Average for 6 months.
• Average for 9 months.




30

Table 9.—COTTON
EXREPRODUC- GINNINGS
(total crop CEIPTS
PORTS CONTION
IM(Includto
end
of
SUMP(crop
INTO
PORTS
ing
month
TION
estimate) > indicated)
Hnters)
« SIGHT

YEAR AND MONTH

STOCKS

(end of month)
Domestic
Total

Mills

World visible <
Warehouses

Total
American
cotton II cotton

Bales »
1909-13 monthly average
1913 monthly average .
1914 monthly average _. _.
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average ._
1920 monthly average

_

1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly avp.ragp.

13,033,235
14, 156, 486
16, 134, 930
11,191,820
11,449,930
11, 302, 375
12,040,532
11,420,763
13,439,603

13, 982, 811
15,905,840
11,068,173
11,363,915
11, 248, 242
11, 906, 480
11, 325, 532
13,270,970

1,203,092
1,035,730
1, 256, 604
1,186,402
959, 945
920,106
1,031,256
896,699

17,313
18,455
26,283
33, 798
32,064
23,103
18, 781
29,226
49,999

735, 226
746, 978
547,068
727, 033
607,546
412,690
352, 953
561, 280
513, 261

465, 289
454,064
500, 749
551, 701
567, 984
514, 712
493, 293
486,933

3,085,132
3,414,853
4,898,345
4,777,800
4, 137, 287
4, 687, 250
4,935,973
4, 792, 190

1,359,417
1,209,177
1, 552, 989
1,863,668
1, 658, 513
1, 594, 578
1,430,976
1,453,054

1, 725, 715
2,205,675
3,345,356
2, 914, 132
2, 478, 774
3,092,672
3, 504, 998
3,339,136

3,977,335
4,349,535
4,628,711
5, 920, 777
4, 704, 844
3,978,899
4, 021, 720
5,065,485
5,662,420

2, 976, 202
3,061,535
3,094,377
4, 473, 105
3,494,011
2,752,066
2,814,722
3,614,068
3,909,420

7,953,641
9,762,069
10, 139, 671
13, 627, 936
16, 103, 679
17, 977, 000
12, 956, 000

7, 977, 778
9,729,306
10, 170, 694
13, 639, 399
16, 122, 516
17,755,070
12, 783, 112

1, 014, 029
1,000,802
944, 260
1,119,349
1, 344, 384
1, 424, 535
1, 350, 907
1, 339, 065

23,158
31,030
31,228
26,754
26, 113
30,232
34, 268
28, 583

539, 509
509, 484
439, 930
566, 243
711, 020
754,026
789, 812
727, 66J.

450, 565
507, 294
543, 444
460, 139
536, 044
556, 971
617, 085
547, 974

6,100,426
4,706,031
3, 853, 119
3,435,371
3, 991, 285
5, 471, 631
5, 757, 076
4, 656, 566

1,312,862
1,447,196
1,480,319
1,087,880
1, 283, 913
1, 432, 843
1, 605, 262
1, 332, 174

4, 787, 564
3,258,836
2,372,800
2, 347, 490
2, 707, 372
4,038,787
4, 151, 814
3, 324, 393

6,346,620
4,950,925
3, 503, 179
3,722,885
4, 579, 560
5, 626, 734
6, 732, 073
5, 791, 407

4,410,286
3,152,091
2, 152, 179
2,417,302
3,264,977
4,209,484
5, 240, 157
4, 006, 574

15, 166, 000
16, 627, 000
17,918,000
18,618,000

5,643,139
11,253,873
14, 644, 070
15, 540, 804

2, 138, 747
3, 901, 252
3, 648, 910
2, 701, 262

794, 584
10,007
30, 877 1,369,820
41, 441 1, 486, 224
39,851 1, 531, 297

570, 570
568, 361
583, 746
602, 986

4, 223, 726
6, 684, 732
8, 009, 515
8, 311, 996

936, 441
1, 213, 199
1,493,013
1, 763, 739

3, 287, 285
5, 471, 533
6, 516, 502
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
855, 449
'38,058

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

628, 132
481,943
389,358
340,311

629,948
659, 841
569, 765
634, 520

4, 659, 218
3, 775, 984
3, 227, 367
3, 293, 729

1, 792, 261
1, 594, 475
1, 404, 815
1, 120, 784

2,866,957
2, 181, 509
1,822,552
2, 172, 945

6,507,136
5, 654, 492
4,988,005
4, 480, 172

4, 815, 136
4,014,492
3,417,005
3, 131, 172

631, 041
28,347
19, 235 1, 126, 509
28,845 1,001,951
767, 214
41, 211

627, 784
613, 520
626, 742
538, 786

5, 080, 708
6,742,896
7, 525, 734
7, 364, 112

1, 116, 093
1,323,703
1, 551, 776
1, 708, 538

3, 964, 615
5,419,193
5, 973, 958
5, 655, 574

5, 356, 078
6,478,500
7, 314, 256
7, 501, 489

4, 108, 078
5,296,500
6,074,256
6, 041, 489

1996
Beptembftr
October
November
IJecfiTnher

-

1937
January
February
March
April

17,755,070

May
June
July
August

. _.

September
October
November
December

_

13, 492, 000

162,283
1, 533, 577

690,988
365,509
128,932
834, 248

12,692,000
12,678,000
12,842,000
12,789,000

5, 944, 739
9,920,846
11, 738, 338
12, 072, 763

2,045,097
2,897,535
2, 606, 303
1, 691, 244

..12,601,447

915, 233
645,075
727, 521
727, 809

41, 445
38. 618
41, 433
18, 149

728, 935
646, 594
614, 428
485, 219

586, 142
572, 875
581, 325
524, 765

6, 722, 257
5, 982, 492
5, 104, 507
4, 426, 877

1, 708, 646
1, 668, 649
1, 592, 917
1, 507, 599

5,013,611
4, 313, 843
3, 511, 590
2, 919, 278

7, 162, 849
6, 701, 828
6, 273, 385
6, 022, 896

5, 469, 849
5, 019, 828
4, 543, 385
4, 101, 896

19, 842
14, 587
18, 473
25, 258

591, 345
457, 781
341, 849
259, 489

577, 384
510, 399
439, 821
526, 729

3, 589, 643
2, 807, 695
2, 201, 472
1, 970, 929

1, 330, 880
1, 160, 888
1, Oil, 721
782, 068

2, 258, 763
1, 646, 807
1, 189, 751
1, 188, 861

5, 629, 762
4, 961, 966
4, 056, 219
3, 480, 388

3, 532, 762
2, 909, 966
2, 165, 219
1,790,388

18,508 814, 569
27, 840 1, 251, 966
39, 213 1, 451, 505
39, 630 1,088,253

492, 221
618, 788
610, 884
534, 352

3, 365, 958
5, 830, 942
6, 819, 721
7,056,303

719, 981
1, 194, 961
1, 566, 878
1, 740, 892

2, 645, 977
4,635,981
5, 252, 843
5, 315, 411

4, 114, 118
6, 197, 901
7, 130, 058
7, 765, 517

2, 563, 118
4, 644, 901
5, 438, 058
5, 899, 517

21, 347
37,078
31, 147
28,041

1938
January
February
March
April

May
June
July
August

__ _ _
_

12, 783, 112

--

September
October
November
December

_ .-.

_

-

14, 291, 000

88, 761
956, 711

705, 074
301, 766
339, 439
508, 597

14, 439, 000
13,993,000
14,133,000
14, 373, 000

4, 963, 913
10, 164, 334
12, 563, 529
13, 146, 901

2, 026, 530
3, 927, 491
2, 901, 680
2,342,570

1939
January
February
March
April

May
June

13, 891, 857

_ _ _ .
_.

1
Receipts into sight compiled by New Orleans Cotton Exchange; imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce;
consumption, ginnings, and domestic stocks from U. S. Department of Commerce, Bureau of the Census. Linters are not included in the statistics in this table, except in
the exports. Yearly figures represent averages for the calendar year except for ginnings and production, in which case totals for the crop year are shown (not an average).
Monthly
data from 1909 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Textiles Section, p. 18 to 27.
2
The yearly figures, from U. S. Department of Agriculture, Bureau of Agricultural Economics, represent the latest revised estimates of total production of the cotton
crop3 for the year (not a monthly average). The monthly figures show the current estimate of total production as reported each month.
Figures for September are to Sept. 25 only, prior to 1924. December figures cover ginnings through Dec. 13 only. January figures for all years cover ginnings through
Jan. 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 port and interior, Egypt, India, and quantities afloat.
* All bales are rsunning bales counting round as half bales, except for imports, which are given in equivalent 500-pound bales.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

31

Table 10.—COTTON MANUFACTURING *
SPINDLE ACTIVITY 1

YEAR AND
MONTH

Active Total
spin- spindle
dies hours
Thous. Millions
of hours

1913 TT>o av

1914 mo.
1915 mo.
1916 mo
1917 mo
1918 mo
1919 mo.
1920 mo.
1921
1922
1923
1924
1925
1926
1927
1928

av
av
av
av
av
av
av

mo. av
mo. av
mo. av .
mo.av
mo. av
mo. av
mo. av _
mo. av

1937
September
October
November
December
1938
January
February
March
April
May
June
July
August

September
October.
November
"neramhp.r

8 52, 787

8

39, 431

8

25, 543

8

39, 920

33, 052 « 7, 532

•206

32, 547
29, 968

7,725
8,292
6,689
7,883
8,086
8,704
7,729

209
222
177
208
215
237
216

»91.5 10 85, 386 10 90, 054 10 44, 935 10 36, 226
93.5 11 94, 016 11 95, 509 11 49, 102 11 44, 937
95,098 91,504 48, 116 46, 166
98.9
77,650 76, 105 41,863 43, 139
78.5
78,756 76, 558 43, 691 39, 640
92.9
81, 214
95.4
78, 565
47, 352
39, 641
84, 458
81, 710
49, 428
38, 243
104.7
95.5
75,100 74,299 46, 563 37, 829

32, 398
32, 535
32, 314
31, 722

8,776
8,727
8,690
7,859

240
239
238
216

106.6
105.0
106.7
93.9

84,899

87, 386

85, 490
77, 239

77,296

77,885

69, 073
69, 836

31, 717

8,263
7,970

227
221
231
206

101.0
101.3
96.8
94.8

68, 737

75, 665

78,786

79,184
81,328

222
203
176
209

95.1
88.4
79.7
87.7

196
246
241
219

90.6
103.9
108.1
99.1

32,642
32,352

31,726
30,950

8,310
7,415

28, 948
28, 628

7,966
7,252

28,160

6,251
7,431

31, 433

28, 244

3,880

38,890

5,189

27, 207
43, 195

3,563
5,534

33,807

34, 681
31, 136

COTTON
CLOTH *

28,277

6,961

30, 315
30, 597

8,694
8,524

30,622

7,711

MILL DIVIDENDS
(quarterly)

Fall River •
UnPer
ProducRatio
spin- Ratio
Orders, Ship- Stocks, Ac- filled
Im- Exports Total to caportion
end of tivity ders,
die to ca- Billings gray ments
ports
(New
italizamonth
yardage
in pacity
end Bedford)
tion
place
mo.
Per ct.
Thousands of
Per
of square Thous.
Per
Cases
Pieces Thous.
of
per
Hours cent
yards
cent Days
yards
dollars quarter

30, 559
30, 748
31, 136
32, 293
33, 400
33, 525
33, 878

33,026

FINE
COTTON
GOODS
(3)

FINISHED COTTON GOODS »

89, 740
75, 378

68, 316

73, 539

72,961

70,029
58,685

61, 347
62, 310
71, 743

70, 748
69, 805

74,483

83,935
82,700

87, 175
82, 657

79, 112

74,417

52, 316
50, 175
44, 671

43,287

37, 053

39,094
41, 350
41, 059

44, 673
49, 035
51, 495
43, 378

40, 751

47, 555
42, 357

40, 449

40,500
46,283

37, 958
35, 819

45,767
50,984

33, 410

49, 136
47, 587

36, 566

38,698
39, 787
40, 876

38,907

32,046
38,678

8

38

8

6. 7

t 434, 188
383, 523
329, 571

63, 718

2,737

45,348

4,146
11, 732

56, 920

1065
H66
68
58
60
64
70
62

109.4
119.9
9.5
5.9
5.8
6.1
5.8
4.8

72
73
61
59

5.8
5.4
4.4
3.9

62
69
69
64

4.7
5.2
4.8
4.5

62
53
51
54

4.3
3.6
3.8
4.4

128, 604
134, 158
80, 358
136, 237

5, 722
4,615

61
66
65
62

5.0
6.0
5.5
5.6

113, 627
282, 763
348, 712

3,139

354, 274 12 7, 148
385, 770 11, 872
438, 761 18, 248
366,360 14, 782
421, 059
9,104
403, 020
5,057
480, 868
5,251
261, 318
5,104

496, 697
466, 529
472, 298
468, 823

4,741

401, 676

6,472

429,095

5,813
7,921
6,418

461, 429

255,949

363,206

51,688

5,441

4,425
5,081

5,565

3,490
3,753
3,676
4,389
5,840

68,229
45, 959

48,958
38,710
39, 818
45, 276
42, 775
45, 987
43, 710

50, 333
42, 836
45, 919
41, 117

$519
311
284
512
1,054
1,512
1,208
2,521

1.820
1.084
.974
1.734

New Bedford «
Ratio
to capTotal italization
Thous. Per ct.
per
of
dollars quarter
$547

1.405
1.197
1.645
1.832
3.001
3.164
3.324
4.390

3.651

470
653
746
1,471
1,603
1,681

7.486

2,238

780
762
882
705
419
305
299
233

2.031
1.997
2.061
1.609
.931
.722
.730
.604

1,365
1,500
1,258
942
981
703
570

2.299
2.429

262

.643

588

.809

406

.997

607

.826

247

.629

597

.821

241

.614

346

.483

217

.594

238

.335

225

.577

3.338
4.594

1.741
1.285
1.325
1.024
.788

34, 963
33, 380

42,237
39, 831
43, Oil
46, 534
44, 951

43,928
34, 694
56, 087

54,248
50,661

1929
January
March
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, 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
takes 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.
» 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.
* Imports and exports of cotton cloth from the U. 8. Department of Commerce, Bureau of Foreign and Domestic Commerce. Exports of cotton cloth include duck and
other cloth, bleached, unbleached, and colored. Beginning with January, 1921, the figures are reported in square yards instead of linear yards, as formerly, and are probably slightly smaller than in the corresponding linear-yard measurement. Imports include bleached and unbleached, colored, dyed, printed, and woven figured cloths.
* Dividends paid by cotton mills in Fall River in quarter ending in the month given, comprising about 38 mills, are compiled by U. M. Haffards & Co. Yearly figures
are quarterly averages.
* Dividends paid by New Bedford cotton mills in quarter ending in the month given, compiled from records comprising about 26 mills, supplied by Sanford & Kettey.
Yearly figures are quarterly averages.
' 9 months' average, April to December, inclusive.
8
6 months' average, July to December, inclusive, previous data not available.
• Average for 5 months, August to December, inclusive; previous data not available.
"11 months' average, January to November, inclusive.
» 11 months' average, February to December, inclusive.
H 9 months' average, January to September, inclusive.




32

Table 1L-^COTTON TEXTILES AND BUTTONS
CARDED SALES
YARN*
YEAR AND
MONTH

Production

Stocks,
end of
month

Unfilled
orders,
end of
month

COTTON TEXTILES «

Production

New
orders

Thousands of pounds

1922 monthly av_
1923 monthly av.
1924 monthly av
1925 monthly av_
1926 monthly av_
1927 monthly av. « 15, 682
1928 monthly av_ 17, 879

1937
May
June
July
August

« 9. 887 « 27, 597
34, 127
11,609

Shipments

Stocks, Unfilled
end of orders,
end of
month month

FRESHWATER
PEARL
BUTTONS <

Production

Produci>
tion

Stocks,
end of
month

219, 024
277, 853
296, 925

226,117
275, 206
299, 166

220, 815
•271,801
292, 321

257, 103
214, 840
414, 015

278, 644
454, 800
358, 851

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

October
November
December

17, 618
16,619
17, 162
21, 160

8,570
10, 165
11, 580
12, 880

24, 124
27, 220
34, 692
40, 115

346, 902
331, 854
321, 621
372, 042

333, 607
225,560
193, 871
374, 581

346, 199
293, 411
286, 097
328, 076

201,920
257,011
292, 535
336,501

1938
January
February
March
April

18, 934
18, 642
22, 598
16, 737

13,444
13, 611
13, 475
13, 390

38, 287
38, 457
33, 030
31, 925

297, 669
300,323
358, 025
286, 005

194, 114
256, 328
349, 855
335, 117

266, 947
285, 404
337, 573
270, 172

May
June
July
August

16, 358
19, 415
12, 522
14,046

13, 427
12, 539
12, 350
11, 574

28, 484
25, 435
24, 619
27, 044

349, 325
287, 818
221, 826
302, 470

269, 845
267, 025
187, 439
340, 810

September
October
November
December

18, 839
17, 621
18, 675
20,157

10, 248
8,476
8,568
8,204

34, 836
39,041
44, 752
43, 618

253, 688
284, 899
341, 841
279, 207

387, 151
401, 953
375, 163
225, 189

7 56, 177
66, 183

46.1
46.0
33.4
44.0
46.7
49.8
8

OCEAN PEARL
BUTTONS •

Stocks, Proend of ducmonth tion

Ratio
to capacity

Thousands of yards

13, 136
10, 792
13,286

Pppt,p,m hp.r

CLOTH
PRINTING 3

Ship- New Stocks,
end of
ments orders month

Thousands of gross

12, 562
13, 874
14, Oil
12, 489
11,969
9,799

185

217

248
9

76, 921

529
579

51,688

51.5
52.9
53.4
43.6

9,830
9,948
9,705
9,555

208
185
140
171

217
186
162
192

209
233
146
208

535
566
568
533

479, 368
432, 447
340, 221
386, 726.

58, 673
64, 943
57,006
48,574

51.2
54.2
52.3
45,1

9,490
9,604
9,646
9,662

173
217
274
207
253
195
206 - 220

279
282
284
237

529
499
483
476

367, 223
382, 142
402, 594
418, 427

313, 893
284, 817
297, 099
362,044

49,826
64,015
75, 725
69, 378

74, 326
75, 153
78, 151

48.8
51.1
51.9
50.7

10,902
10,748
10, 914
10,949

190
233
225
220

223
258
229
217

301
336
237
216

565
578
585
584

326, 244
270, 342
217, 540
324,073

441, 508
458,984
463, 270
441, 667

305, 645
302, 328
272, 227
288,964

73, 520
63, 796
49,996
54, 495

76, 149
79, 416
75, 977
74, 682

48.8
46.8
29.7
43.6

11,098
11,202
10,847
10,746

206
158
110
187

204
187
197
227

199
165
163
224

532
636
646
600

278, 110
307, 402
347, 949
276, 098

417, 245
394, 742
388, 634
391, 743

398, 005
492, 556
519, 770
468, 861

66, 079
77, 320
76, 289
73, 753

75, 161
73, 687
79, 437
83, 995

47.7
51.0
53.0

10, 593
10, 621
10, 815

163
195
198

241
262
258

222
288
308

482

1929
January—..
Fe bruary
March
April .._
May
June

1 Compiled by the Cotton Textile Institute from weekly reports, the production figures being combined into the monthly totals on the basis of either 4 or 5 weeks, June
and September being 5-week months, while stocks and unfilled orders are for the Saturday nearest the end of the month. The figures for 1927 are not strictly comparable
owing to the progressive addition of reporting firms, June and July reports being from about 100 mills each week, August and September from 118 mills with about 1,400,000
spindles in place, October and most of November from 134 mills with about 1,700,000 spindles in place, and beginning with the week ended November 26 from 141 mills
with about 1,950,000 spindles in place, these latter mills representing about 70 per cent of the spindle-capacity of the industry. These reports include only yarn made for
sale 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 cloth 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 2 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.
3
Compiled by the Cotton Textile Institute from reports of from 15 to 18 mills finishing print cloths, both job printers, i. e., those printing cloths not of their own manufacture, and corporation printers, i. e., those both manufacturing and printing. These statistics, therefore, overlap somewhat the data of the National Association of Finishers
of Cotton Fabrics, as they include corporation printers, which the association statistics 6mit, and exclude white and dyed goods, which the association statistics cover in
addition to printed goods. The machines included in these reports represent from 68 to 74 per cent of the total printing machines. Cotton and rayon mixtures are included
in these data, and the institute's reports present details by kind of cloth and use. Stocks represent printed yardage, both in cases and open stock.
* Compiled by the National Association of Button Manufacturers from reports of 17 firms representing 95.2 per cent of the machine capacity of the association members,
except prior to July, 1922, when 16 firms reported on stocks, and there has been a further variation in the production reports; but being on a percentage basis, they are
comparable. Stocks are as of the last Saturday of the month. Monthly data from 1922 through 1926 may be found in the Record Book of Business Statistics, Textile Section,
page 47.
* Compiled by the Ocean Pearl Button Manufacturers' Association from reports of 9 members, estimated to represent about 75 per cent of the industry. Figures represent 4-week totals, the extra week being omitted in 5-week months to insure comparability. Details by sizes are given in the association's reports, stock figures being
presented also by patterns. Production represents buttons
polished.
7
8
8
6 7 months' average.
5 months' average.
11 months' average.
9 months' average.




33

Table 12.—SILK, RAYON, OTHER TEXTILES, AND FUR*
SILK

At
Nar- Spinware- mfg. Broad row ning
houses 2 plants 3 looms looms spinAt

dles

Thous.
of Ibs.

Per cent of active
hours to total

Bales

1919 mo. average
1920 mo. average—
1921 mo. average
1922 mo. average—
1923 mo. average—
1924 mo. average
1925 mo. average—
1926 mo. average—
1927 mo. average
1928 mo. aver age. __

4,627
3,305
4,361
4,872
5,163
5,050
6,400
6,472
7,198
7,363

18, 558
27, 887
30, 635
29, 868
30, 592
41, 779
41, 796
45, 948
47,584

51, 312
21, 315
32, 350
33, 367
37, 464
44, 819
36, 814
46, 768
44, 707

1937
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
93.0

1938
January
February
March
April _

7,405
6,657
6,725
6,561

52, 420
50, 679
52, Oil
41, 258

47, 528
41, 677
40,186
35, 483

26, 700
27, 567
23, 096
24, 369

May
June
July
August

9,133
6,174
5,832
9,320

46, 367
46, 051
40,931
50, 821

42, 088
41, 127
38, 866
50, 975

September
October
November
December

7,202
8,272
7,441
7,631

47, 797
49, 940
47, 709
45, 026

50,464
49, 381
49,806
48,908

1929
January
February
March
April

Thous. of
Ibs.

Price, wholesale 5

Deliveries 2

Stocks, imported,
end of month 1

ImYEAR AND MONTH ports1

Machinery
activity *
Imports 1

Stocks, end of
month

OTHER TEXTILES

RAYON

Elastic Fibers
(unwebbing e mnfd.)

Burlaps

FUR

Pyroxylin-coated
textiles 7
(artificial leather)
Sales

Shipments

Imports

l

Unfilled

Pyrox- Shipylin ments orders,
spread billed end of

by

deal-

ers s

mo.

Thous.
of Ibs.

Thous. Thous. of linear
of Ibs.
yds.

Thous. of
dolls.

$1, 394

27,274'
33, 817
20, 416
22, 815
26, 613
24, 691
25, 854
25, 063
25, 300
26, 143

36, 880
47, 628
39, 595
43, 436
49, 873
47, 971
52, 151
49,915
47, 473
51, 664

9 2, 482 9 2, 050 9 2, 469
1,577
2,201 1, 630
2, 438 2,018 1,698
2,900 2,256 2,045
3.559 2,724 2,701
5,095 4,000 4,015

$12, 029
13, 624
14, 227
11, 174

40, 337
37, 396
29, 569
44, 451

3,600
3,042
3,092
3,502

2,901
2,649
2,382
2.785

2,421
2,426
2,678
2,979

Dolls, Thous.
per Ib. of dolls.

Long
tons

15,283
15, 176 959.3 942.1 962.6
18, 484
73.5 55.1 72.5
20, 051 72.5 47.8 69.5
27, 732 88.7 59.5 97.9
24, 043 84.8 62.3 88.5
22, 078 87.0
55.9 78.6
24, 524
94! 5 52.6
64.3

96
154
306
174
326
143
583
839
1,351
1,073

15 $4.77
263 4.66
385 2.67
320
2.80
ic 818 2.80
268 2.11
645 2.00
1,863 1.81
1,485
1.49
1.50

50.8
54.2
53.3
51.8

77.1
77.6
77.8
79.6

1,129
1,386
1,285
1,764

1,875
1,674
1,680
2,549

1.50
1.50
1.50
1.50

1,220
1,133

18, 284
16, 705
25, 089
23, 862

94.6
99.1
98.8
88.5

50.7
50.6
52.5
49.8

77.3
79.1
67.7
64.2

1,366
1,146
1,080
844

2,915
3,048
3,263
3,164

1.50
1.50
1.50
1.50

1,159
1,374
1,627
1,332

39, 268
28, 493
32,882
23, 682

48, 922
66, 102
63, 901
62, 050

(0
4,093
4,767
5,715
4,629

00
3,077
3,661
4,517
3,703

3,609
4,721
4,530
3,811

7,081
13, 919
14, 572
11, 113

23, 523
24, 746
22, 188
24, 429

90.8
97.4
93.0
89.8

56.7
55.4
52.1
54.1

56.9
57.1
62.7
52.1

902
710
659
1,248

3,128
3,157
2,949
2,976

1.50
1.50
1.50
1.50

1,415
1,384
1,211
1,399

21, 846
19, 672
18, 449
20, 657

58, 124
56, 913
58, 541
47, 766

5,459
5,150
5,040
5,596

4,015
4,317
3,757
4,241

4,007
4,227
4,182
3,853

12,905
13, 840
12, 215
12, 110

22, 786
26, 676
25, 373
22, 836

92.7
102.0
94.5
92.7

54.0
50.5
51.8
52.6

66.9
69.3
60.3
58.5

924
1,238
1,004
1,759

2,814
2,663
2,434

1.50
1.50
1.50
1.50

1,478
1,624
1,462
1,260

21, 004
25, 615
25, 651
36, 496

43, 617
30, 874
31, 503
51, 651

4,844
5,712
5,366
4,763

3,914
4,499
4,419
3,875

4,561
3,824
3,316
3,543

10, 244
12, 576
7,960
5,553

13,644
8,843
8,115
8,713

(3)

_

May...
June..
* Monthly data from 1909 through 1928 on items in this table, if available, and monthly averages from 1913 through 1918 on all imports and rayon data may be found
in the Record Book of Business Statistics, Textiles Section, pp. 41 to 47.
i Imports of silk, of unmanufactured fibers, burlaps, and of rayon, as well as stocks of rayon in bonded customs warehouses, from V. S. Department of Commerce, Bureau
of Foreign and Domestic Commerce. Silk imports are a total of unmanufactured silk, including raw silk, cocoons, and waste. Unmanufactured fibers include flax, hemp,
, and stocks at these warehouses are from the Silk
, -, .
—
*
*—
o
o-« —
Details by sources are given in the association's
A
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
quite4 accurately.
Compiled by the Silk Association of America from manufacturers representing about 50 per cent of the industry. The figures represent the percentage of active hours
to the total hours normally worked, and are weighted averages of each section of the silk industry, for which details are given in the association's monthly reports, i. e..
New Jersey, Pennsylvania, New England, and all other.
6 Compiled by the Silk Association of America, representing average price of bleached rayon, 150 denier, A grade, in the New York market.
« Compiled by the Webbing Manufacturers Exchange from reports of 19 manufacturers. From 1920 through August, 1928, data were collected from 8 manufacturers
and shown in thousands of yards in the February, 1928, and previous issues of the SURVEY
7 Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of from 10 to 16 establishments, the number gradually increasing until 1928, when
these 16 establishments had a monthly capacity on a 24-hour basis of 11,113,074 yards, based on 26 working days. These data represent products manufactured by spreading
nitrocellulose
or pyroxylin preparations upon gray goods. Further details as to values, etc., are given in press summaries.
8
Compiled by the American Fur Merchants' Association, representing sales of fur to garment manufacturers, retailers, etc., principally in New York City, but also in
other places in the United States and Canada.
»10 months' average, March to December, inclusive, except for pyroxylin unfilled orders, where a different 10 months' average is used, January and October figures
not being available.
1° 8 months' average.

28914°—29



3

34

Table 13.—COAL
BITUMINOUS
Production

YEAB AND MONTH

United
States
0)

Canada
C2)

Thous. of short
tons

Consumption

Prices
Stocks,
end of
By coke
WholeBy
Exmo.,
plants
vesheld
by Mine sale,
ports
By
sels electric railcon- aver- com(3)
cl'r- power roads
age posite,
sumers
(spot) mine
ing plants
United Can(9)
6
(6)
(10)
run
ada
ports
States
(
)
(8)
(4)
(0
<">
Thous. of
long tons

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
6-29
343

1,596
1,272
1, 299
2,624
1,341
1,203

1,264
1,351
1,340
1,552
1,410
1,702
1,695

1913 monthly average...
1914 monthly average...
1915 monthly average
1916 monthly average...
, 1917 monthly average— .

39, 870
35, 225
36 886
41, 877
45, 983

1918 monthly average.. .
1919 monthly average...
1920 monthly average.. .
1921 monthly average...
1922 monthly average. _.

48, 282
38,822
47, 389
34, 660
35, 189

1923 monthly average.. .
1924 monthly average— .
1925 monthly average.. .
1926 monthly average. ..
1927 monthly average— _
1928 monthly average

47, 047
40, 307
43, 338
47, 781
43, 147
41, 063

1,416
1,136
1,095
1,373
1,452

1938
May
June _
_
July
August

36, 624
35, 963
36, 276
41, 108

September
October
November
December

41, 301
60,360
46,041
42 380

1,160
1,412
1,255
1,263

$1.23
1.14
1.12
1.85
3.25
2, 816
3,094
2, 632
2,848

9,451
7,644
8,006

379
332
362
576
340
320

3,247
3,130
3,352
3,443
3,491

9,123
8,161
8,119
8,428
7,954

1,144
1,277
1,5103
1, 61T8

364
322
314
356

3,118
3,039
3,170
3,441

1,577
1,497
1,617
1,093

313
333
334
301

3,421
3,828
3,737

3,099
4,528
7,030
5,415
6,211
6,906
6,176
6,345

187
242
240
268

7,400
6,927
7,002
7,403

6,484
6,167
6,046
6,194

266
271
27-9
269

7,627
8,433

6,180
6,726
6,595
6,830

270
294
284
296

Retail

com-

posite,

38

cities

(»)

Dollars per short ton

Thousands of short tons

13

ANTHRACITE

I

8,236
7.80
7,341
8.00
" 11. 26 7,467
10.68
7,539
w 10. 21
4,557

370
370
402
348
197

4.019

10.33
9.18
9.079.33
9.28
8.94

7,778
7,327
5,151
7,036
6,675
6,395

379
299
237
300
249
249

1.73
1.73
1.70
1.76

3.986
3.973
3.984
4.009

8.18
8.72
8.69
8.74

8,124
5,301
4,475
6,883

266
209
167
278

1.81
1.87
1.82

4.019
4.020
4.008
4,006

8,84
8.96
9.07
9.11

6,036
8,554
7,457
6,226

265
405
306
259

49,000
49, 000
44, 400
42,714
62, 867

2.77 $4.822
2.08 4.213
2.06 4.116
2.21 4.314
2.02 4.264

Prices
Whole- Retail,
sale,
comcomposite, posite,
chestchestnut
nut
(n)
C11)

Thous. Thous. No. of Dolls, Dolls,
of short of long days' per long per short
tons tons sup.
ton
ton
346
319
295
347
447

2.58
2.59
5.64
2.55
3.69

41, 100

(12)

7,627
7,569
7,416
7,298
8,301

$5.44
5.72
5.58
5.61
7.09

57, 900
40, 400
29, 933
44, 250
38, 583

41, 700

St'ks
end
of
Pro- Ex- mo.,
duc- ports in
tion
yds.
(3)
of
0)
dealers

$7.92
7.89
7.86
8.21
9.28

10.05
11.89
u 15. 04
15.22
« 15. 11

34
20
44
12
20
54
42
39
52

55
57
57

$13. 885
15.35
13. 911 15.31
13. 788 w 15. 17
13. 767 w 15. 35
13. 298
14.99
13.004 14.87

12. 752
12. 949
12. 965
12. 853

14.46
14.61
14.63
14.76

13.040
13.040
13. 040
13.040

14.93
14.98
15.06
15.07

1939
January
._
February
March
April
May

1 Production figures, calculated from shipments from the mine and representing complete production except for small quantities used at the mines, compiled by U. 8.
Department of Commerce, Bureau o) Mines. Monthly data from 1911 appeared in November, 1924, issue (No. 39), p. 215.
2 Compiled by Department of Trade and Commerce, Dominion Bureau of Statistics, including bituminous, subbituminous, and lignite. Previous to 1919 these data
comprised sales, colliery consumption, and coal used by operators, and thereafter the tonnage representing output of all mines.
a Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; bunker coal on vessels engaged in the foreign trade is not included.
* Coal loaded for consumption by outgoing vessels at principal ports compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly
data covering the period 1913-1923 appeared in October, 1923, issue (No. 26), p. 61.
6 Compiled by the U. S. Department of the Interior, Geological Survey, representing fuel consumption by all plants producing electric power, mainly central stations.
Coal consumption in central stations alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants, and reclamation projects in March,
1925, issue (No. 43), p. 28.
he Interstate
Commerce Commission from reports of 174 Class I railroads. Consumption by switching and terminal engines is not included. It is stated
e Compiled by the
j
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
1920 appeared in January, 1926, issue (No. 53), p. 23.
7 Compiled by the 17. S. Department of Commerce, Bureau of Mines, by applying to the coke production figures the average amount of coal used in making both byproduct and beehive coke. Monthly data from June, 1921, were given in March, 1926, issue (No. 55), p. 25.
s Compiled by the Department of Trade and Commerce, Dominion Bureau of Statistics, presenting complete figures for Canada.
0 Compiled by the U. S. Department of Commerce, Bureau of -Mines, representing stocks in the hands of commercial consumers and retail dealers at the end of each
month, but does not include coal for steamship fuel, on lake docks, in transit, and in householders' bins. The figures for 1918 were taken on three different dates, from actual
canvasses, while the later figures are based upon reports from a selected list of 5,000 consumers whose stocks in 1918 bore a known relation to the known total stocks. Data
for 1918 and 1919 are averages of 1 month, for 1920 and 1924 each 3 months, for 1921 and 1925 each 4 months, for 1922, 6 months, and for 1923 and 1926 each 8 months. Details
from 1919 were given in the December, 1926, issue (No. 64), p. 14.
1° 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.
n 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 15th and
July 15th only.
12 Compiled by the ty 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 m 1922, 8 in 1923, 2 in 1924, 5 in 1925, and 8 in 1926.
13 6 months' average, January, May, June, August, November, and December missing,
i* 7 months' average, June to December, inclusive.
i« 11 months' average, August missing.
is 10 months' average, January and February missing in 1926 and November»and December in 1925.




35
Table 14.—IRON ORE AND PIG IRON*

YEAR AND
MONTH

PIG IRON

IRON ORE i

MANGANESE
ORE

Stocks, end of month

Receipts

ConsumpShiption
Im- ments Lake
ports 2 from
Erie
•sSa
furmines
Other
Total
ports
|8g
and ports naces
furnaces

„«2^
s

*>y

a§§
***

On
At fur- Lake
naces Erie
docks

Furnaces in blast,
end of month 3

Production

Foundry,
Per No.
2,
Fur- Capac- cent Morthof
naces
ity
ern
Mertotal (PittsTotal chant4 Total
burgh)
iron
United
States 3

Canada 8

Long
Per
Num- tons
per cent
ber
day

Thousands of long tons
1909-1913 mo. av
1913 mo. av
1914 mo. a v
1915 mo. av
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av
1920 mo. av

21
29
24
26
48
52
41
28
51

180
216
113
112
110
81
66
40
106

4,089
2,668
3,860
5,395
5,208
5,096
3,931
4,877

3,230
2,091
3,127
4,282
4,033
3,976
3,073
3,736

826
565
732
1,082
1,128
1,089 8 5, 290
833 3,903
1,104 4,531

1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
1928 mo. av

33
31
16
19
23
29
26
17

26
95
231
171
183
213
219
207

1,858
3,551
4,920
3,552
4,507
4,880
4,259
4,499

1,296
2,643
3,639
2,631
3,225
3,524
3,046
3,079

546
873
1,230
887
1,237
1,305
1,170
1,371

1927
September
October
November
December

36
15
27
32

225 7,230 5,493 1,832
228 6,723 4,929 1,828
200 2,000 1,831
911
132 None. None. None.

4,089
4,024

1938
January
February
March..
April

9
18
13
14

251 None.
230 None.
163 None.
225
6

4,303
4,395
4,808

May
June .
July.
August

16
13
22
26

211
189
183
226

1,517
2,613
2,655
2,819

4,948
4,667
4,633

15
26
16
21

211 8,748 5,827 2,710
170 8,454 6,002 2,580
223 4,261 3,601 1,555
205 None. None. None.

September
October
November
December

5,363
8,926
8,981
9,243

None. None.
None. None.
None. None.
6
None.
2,848
6,199

6,078
6,390

Wholesale prices 6

2,262
2,560
1,921
2,472
3,253
3,182
3,209
2,549
3,035

676
753
560
647
922
929
863
650
824

87
87
89
68
81

252 74, 487
268 84, 005
187 62, 418
230 83,539
319 106, 775
338 106, 498
352 106, 562
241 81, 918
287 97, 644

Basic Com(valley posite
furpig
nace) iron 7

Dollars per long ton

60.8 $15. 60
63.7 16.01 $14. 71
44.5 13.90 12.87
55.0 14.87 13.74
81.4 21.07 19.76
83.2 41.45 38.98
83.1 34.44 32.50
56.3 30.28 27.68
66.5 44.88 42.25

$15. 21
15.42
13.52
14.15
20.31
39.99
34.38
29.92
43.80

66.2
50.1
55-1
59.4
53.9
56.4

25.16
26.93
28.15
22.50
21.66
20.63
19.75
18.88

21.74
24.20
25.81
20.24
19.58
18.55
17.70
16.67

24.06
25.00
27.15
21.87
21.32
21.06
19.35
18.32

33, 455
31, 325
29, 753

8 25, 523
23,546
21, 211

7,530
7,246
7,244
6,282
7,278
8,234
7,779
8,542

33, 330
33, 751
31, 059
31, 639
30, 422
29,860
32,245
29, 633

24, 512
25, 642
24, 438
25, 076
24, 319
23, 863
26, 281
24, 062

8,818
8,109
6,621
6,563
6,103
5,998
5,964
5,738

1,379
2,240
3,338
2,592
3,034
3,256
3,019
3,153

246
472
805
621
659
750
741
636

50
32
73
49
48
63
59
86

105 44, 040
181 75, 197
277 109, 080
203 84, 772
216 99, 750
221 106, 545
195 98, 415
192 103, 695

39,296
42,164
41, 472
37, 582

32, 527
34, 952
34, 528
30, 978

6,769
7,212
6,944
6,604

2,775
2,784
2,648
2,696

685
707
710
708

52
38
38
63

179
172
170
169

90,800
88, 300
87,700
86, 835

49.4
47.6
47.4
47.3

19.26
19.26
19.21
19.01

17.06 18.89
17.00 18.79
17.00 18.42
17.00 18.37

33, 350
29,003
24, 259
17, 570

27, 062
23, 015
18, 691
14, 388

6,288
5,988
5,568
5,182

2,870
2,900
3,200
3,185

715
625
611
630

65
65
78
75

185 96,640
187 100,060
197 104, 650
195 104, 015

52.9
53.6
56.8
56.9

19.01
19.01
19.01
19.01

17.00 18.37
17.00 18.45
17.00 18.40
17.00 18.40

4,761

18, 877
22, 981
27,209
31, 754

13,942
17, 913
21,824
26, 036

4, 935
5,068
5,385
5,718

3,284
3,082
3,072
3,137

631
633
607
575

88
-97
95
92

198 106, 145
189 100, 855
185 98, 445
183 98, 730

57.7
55.3
54.6
54.0

18.96
18.51
18.47
18.26

16.30 18.18
15.45 17.97
16.00 17.79
16.00 17.78

4,608
5,025
4,897
4,997

35, 808
39, 555
40, 080
35,147

29,708
33, 082
33,626
29, 452

6,100
6,473
6,454
5,695

3,062
3,374
3,302
3,370

585
644
648
722

91
93
95
103

197
197
194
201

58.1
58.5
57.6
60.9

18.64
18.86
19.39
19.51

16.19
17.10
17.50
17.50

2,030
3,355
5,191

3,833
4,564
4,863
4,411

4,735

3,814

3,992

4,781

8

106, 755
108, 800
108, 575
110, 675

25.1
43.2

18.04
18.40
18.96
19.06

1929
January
FebruaryMarch
_._
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,
pp. 11 to 20.
i 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^ull 12 months pfjhe year. _
__ _•
~
'
'
~
"
"
"
'
Imports of manganese ores exclude ores imported from Cuba since Seplen they were combined with the manganese content of imported ores.
- - . . . / the entire output, except that made with charcoal, from the Iron Age.
* Compiled from data reported by the Iron Age by subtracting the figures on pig iron produced by steel mills from the total pig-iron production figures, thus obtaining
data6 on the total output of merchant pig iron.
Data on Canadian pig-iron production compiled by Canadian Department of Trade and Commerce, Dominion Bureau of Statistics, comprising complete production
« Wholesale prices, except composite average, are averages of weekly quotations taken from U. S. Department of Labor, Bureau of Labor Statistics.
7
The composite pig-iron price, compiled by the American Metal Market, is the average of daily prices of 10 tons of iron distributed as follows: iton each of Bessemer
Valley; No. 2 foundry valley; No. 2 X foundry at Philadelphia and at Buffalo; No. 2 foundry at Cleveland and at Chicago; 2 tons each of basic valley and No. 2 Southern
foundry
at Cincinnati.
8
9 months' average, April to December, inclusive.




36

Table 15.—CRUDE STEEL AND COKE*
U. S. STEEL
CORPORATION

STEEL INGOTS

STEEL PRICES

8

COKE

Production

YEAR AND MONTH

United States

Production

l

Total

Ratio
to capacity

Thous.
of long
tons

Per
cent

Canada 2

Unfilled
orders, Earnings
end of
month

StrucSteel
billets, tural
Bessesteel
mer
beams
(Pitts- (Pittsburgh)* burgh) ^

Iron
and
steel'

Composite

Exports •

United States *

finished

steel «
Beehive

Byproduct

Canada s

Wholesale
price

Connellsvffleie

Thous. of long
tons

Thous.
of dolls.

Dolls,
per long
ton

Dolls,
per
pound

Dolls,
per long
ton

Dolls,
per
pound

$10, 370
11, 432
5,972
10, 866
27, 798
24, 608
16, 613
11, 966
14, 724

$23.93
25.79
20.08
22.44
43.95
70.78
47.30
40.54
56.14

$0. 0151
.0118
.0128
.0253
.0374
.0300
.0252
.0284

$26. 32
22.92
24.76
40.50
70.10
56.68
50.32
65.59

$0.0171
.0172
. .0152
.0163
.0280
.0446
.0379
.0332
.0363

2, 799
1,945
2,292
2, 955
2,764
2,540
1,587
1,709

1,060
935
1,173
1,589
1,870
2,167
2,095
2,570

73
73
49
67
87
105
126
53
68

$2.09
2.30
1.79
1.89
3.61
8.15
6.00
4.75
10.79

3.65
7.45
5.52
3.53
4.09
4.14
3.21
2.79

Thous. Dolls,
of long per short
ton
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
1920 monthly average

2,523
1,902
2,607
3,450
3,635
3,588
2,808
3,407

106
130
140
77
92

4,795
5,907
4,115
5,189
9,722
10, 716
8,635
5,995
10,022

1921
1922
1923
1924
1925
1926
1927
1928

1,602
2,881
3,624
3,068
3,678
3,911
3,617
4,154

94
76
85'

56
41
74
54
63
65
76
103

5,331
5,648
6,009
3,993
4,324
3,922
3,397
3,852

7,727
8,461
14, 971
12, 760
13, 795
16, 588
13,691

34.46
33.95
41.65
37.99
35.45
35.00
33.27
32.67

.0204
.0173
.0242
.0224
.0200
.0196
.0186
.0187

40.74
37.86
44.55
40.88
38.83
38.27
36.41
35.49

.0269
.0231
.0295
.0284
.0268
.0264
.0253
.0250

462
714
1,615
857
946
1,041
601
365

1,646
2,379
3,133
2,832
3,326
3,698
3, 657
3,975

123
159
165
192

23
38
92
49
71
73
60
86

1927
September..
October
November
December

3,269
3,316
3,127
3,176

68
69
65
66

54
56
81
96

3,148
3,341
3,455
3,973

13, 276
11, 870
9,625
9,753

33.00
33.00
33.00
33.00

.0183
.0180
.0175
.0180

36. 22
35.75
35.39
35.10

.0251
.0248
.0247
.0246

470
431
390
388

3,601
3,717
3,497
3,643

150
152
157
177

76
69
75
63

3.00
2.91
2.83
2.79

1928
January
February
March
April

3, 991
4, 045
4,508
4,303

81
86
89
91

84
99
118
113

4,276
4,398
4,335
3,872

11,900
13, 581
15, 453
13, 927

33.00
33.00
33.00
33.00

.0180
.0185.
.0190
.0190

35.27
35. 57
35.81
35.67

.0247
.0252
.0254
.0251

376
390
449
377

3,897
3,233
4,065
3,925

182
169
182
174

65
76
74
62

2.78
2.71
2.72
2.74

May _
June
July
August

4,203
3,743
3,812
4,178

83
76
81
82

118
117 '
83
89

3,417
3,637
3,571
3,624

16, 647
16, 359
16, 134
18, 597

33.00
32.25
32. 00
32.00

.0188
.0185
.0185
.0185

35.55
35.34
34.91
34.93

.0249
.0248
.0248
.0248

376
302
271
288

4,100
3,961
3,911
3,995

193
195
200
191

89
126
79
70

2.70
2.80
2.79
2.88

September..
October
November
December

4,148
4,648
4, 259
4,015

88
91
87
85

100
109
108
103

3,698
3,751
3,673
3,977

17, 418

32.00
32.80
33.00
33.00

.0185
.0185
.0190
.0190

35.17
35.48
35.92
36.20

.0250
.0252
.0252
.0253

312
421
416
398

3,959
4,219
4,122
4,317

194
210
205
213

77
100
121
98

2.88
2.91
2.87
2.75

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

'

1929
January
IVIarch

May
June

! '

1

i

1

* Monthly data from 1909 through 1926 for items on steel in this table, if available, may be found in the Record Book of Business Stati?*"*, Metals and Machinery Section,
' * Yearly figures represent the monthly averages of total production of all companies as compiled annually by the American Iron and Steel Institute. The institute
reported up to 1923 monthly production figures for 30 companies which produced 84.4 per cent of the total output of the country in 1920, 87.48 per cent in 1921, and 84.15
per cent in 1922. In order to make the monthly figures comparable they have been calculated to a 100 per cent production each year on the basis of the above percentages.
The figures since 1922 are calculated on the basis of reports from companies which produced 95.35 per cent of the total production in 1922, 94.84 per cent in 1923, 94.43 per
cent in 1924, 94.50 per cent in 1925, 95.01 per cent in 1926, and 94.68 per cent in 1927, the total computations to 100 per cent being made by the American Iron and Steel
Institute. Data for 1928 are prorated on the 1927 percentage. The capacity figures used in computing the ratio between actual production and capacity are based upon the
annual capacity as of Dec. 31,1927, of 58,627,910 long tons of Bessemer and open-hearth steel ingots, the figure for a year earlier being 57,230,350 tons. Beginning with 1927,
crucible
and electric ingots are excluded, but these items represented only a fraction of 1 per cent of the total.
8
Production of steel in Canada, representing complete figures, compiled by Department of Trade and Commerce, Dominion Bureau of Stat sties.
3 Unfilled orders of steel and earnings reported by United States Steel Corporation.
* Average of weekly prices from U. S. Department of Labor, Bureau of Labor Statistics.
« Average of weekly prices compiled by the Iron Trade Review, on the following 14 products: Pig iron, billets, slabs, sheet bars, wire rods, steel bars, plates, structural
shapes,
black, galvanized and blue annealed sheets, tin plates, wire nails, and black pipe. Pig iron average, in turn, is an average of 14 different quotations.
6
The figures for composite finished steel compiled by the American Metal Market represents the daily average price per pound of steel products weighted as follows:
2^-POund bars, Impound plates, Impound shapes, lH-pound pipe, 1^-pound wire nails, 1-pound galvanized sheets, and 3^-pound tin plate.
7 Production figures, representing complete production, compiled by U. S. Department of Commerce, Bureau of Mines.
sfi Compiled by the Canadian Department of Trade and Commerce, Dominion Bureau of Statistics, presenting complete figures for Canada.
Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
« Compiled by U. S. Department of Labor, Bureau of Labor Statistics, representing beehive furnace coke (range of prompt and future) at Connellsville ovens.



37

FABRICATED
1
STRUCTURAL STEEL 1
New orders
YEAR AND MONTH

Shipments

Per
cent

Short
tons

143, 640
149, 040
99, 050
194, 560
203, 580
220, 050
248, 394
241, 200
254, 375
273, 967

54
54
35
64
65
68
72
67
68
71

222. 495
249, 840
267, 900
237, 813
256, 025

__

AUgUSt

232,500
225,000
341, 250
270, 000

62
60
91
72

September.. ___
October
November
December _.

262, 500
288, 750
236, 250
262, 500

1938
January
February
March
April
May
June
July
August

1937
May
June
July

September
October
November
December

_

STEEL
BOILERS 3

Per
cent

Short
tons

Per
cent

STEEL FURNITURE <
IRON AND
STEEL «
Shelving

Business group

New orders

Total
RaRaCom- tio to Com- tio to
Ra- Storputed ca- puted ca- Quan- tio
to age
total pactotal pactity
ca- tanks
ity
ity
pac.
Short
tons

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
1928 mo. av

FABRICATED
STEEL PLATE 2

New orders

UnUnImfilled Ship- New filled
ordShip- New orders,
Exports, ports,
ers,
ments orders end m'ts ordtotal
ers end
total
mo.
mo.

Num- Thous.
of sq.
ber
feet

Short
tons

Thousands of dollars
$1,335
1 941
1,250
1,432
1, 811"
1,909 7 $1,256 7 $567
1,541
2,279
557
2,616
1,694
611
605
2,563
1,586
775
2,998
2,180

Long tons
$46
285
123
205
364
466 7 $374
578
483
612
639
613
671
800
742

362,920
405, 644
182, 661
167, 515
167, 565
150, 580
146, 881
180, 587
181, 748
238, 583

26,854
34,546
10, 075
64, 115
59, 961
38, 868
69,836
77, 803
46, 076
49, 143

IRON, STEEL, AND
HEAVY HARDWARE SALES «

Table 16.—FABRICATED STEEL PRODUCTS*

Rel. to
Jan.
1921

122
. 157
139
143
167
191

68
72
74
63
67

48, 489
29,028
32, 127
42, 826
41, 476
44, 040

60
36
37
52
52
56

25, 285
10, 413
8,261
14, 614
17, 581
20, 152

228, 750
255, 000
255, 000
281, 250

61
68
68
75

37, 883
28, 811
35, 434
48, 577

47
36
44
60

10, 855
7,402
17, 199
29, 691

1,419
1,542
1,516
1,517

1,355
1,366
1,778
1,569

2,381
2,519
2,040
2,475

1,598
2,369
2,092
2,382

2,381
585
1,469
658
1,507 •' 565
1,412
604

686
639
535
592

731
710
679
669

202708,
184, 364
190, 502
175, 637

55, 836
49, 599
39, 543
51, 596

198
202
183
200

70
77
63
70

266, 250
247, 500
243, 750
236, 250

71
66
65
63

38, 662
47, 090
27, 341
35, 658

48
58
34
44

15, 421
18, 648
8,920
13, 367

1,312
1,270
1,235
1,054

2,152
930
1,125
906

2,219
2,380
2,856
2,741

2,368
2,411
2,476
2, 850

1,558
1,574
1,577
1,414

531
619
591
578

608
551
575
619

738
666
651
606

166, 352
170, 255
177, 928
168, 428

46, 573
39, 516
51, 185
55, 070

203
216
186
166

211, 750
265, 650
257, 950
234, 850

55
69
67
61

204, 050
173, 250
227, 150
238, 700

53
45
59
62

35, 787
49, 820
46, 840
50, 347

45
62
59
63

11, 101
25, 532
25, 226
22,095

1,042
986
1,247
1,325

872
1,165
1,337
1,295

2,713
2,909
3,169
3,066

3,248
3,296
3,283
2,915

2,000
680
2,389
682
2,512 , 832
2,360
716

769
741
841
741

680
743
775
794

205, 766
185, 915
221, 935
215, 184

49, 903
36, 861
58, 666
55, 567

157
158
187
187

308, 000
300, 000
296, 450
354, 200

80
78
77
92

261, 800
261, 800
265, 650
288, 750

68
68
69
75

42, 487
35, 202
35, 959
47, 245

53
44
47
60

14, 849
12, 204
16, 881
24, 807

1,571
1,611
1,615
1,647

1.456
1,470
1,528
1,457

3,213
3,009
2,515
2,565

3,086
2, 764
2,594
2,619

2,233
1,993
2,072
2,118

769
720
723
836

733
737
713
863

753
729
706
734

267, 890
262, 052
253, 336
287,297

55,092
56, 573
33, 465
54,062

204
204
187
215

319, 550
250, 250
242, 550
246, 400

83
65
63
64

273, 350
319, 550
281, 050
277, 200

71
83
73
72

40,281
53,983
54, 277
36, 254

50
68
68
47

18, 572
23, 960
32, 381
14, 217

1,425
1, 518
1,416

1, 257
1,327
1,284

2,754
3,159
2,854
3,117

2,689
3,193
2,676
3,611

2,062
2,095
1,917
2,410

678
954
916
791

800
959
875
829

754
760
721
757

228, 056
256, 870
256, 886
221, 810

47, 685
50, 176
50,038
41, 628

207
236
210

7 $1,936
2,236
2,619
1,311
2,592
2,920

1,329

1929
January
February
March
April _

|

i

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, pp.
27, 28,
32, 33, and 35.
1
Fabricated structural steel data compiled by the Bridge Builders and Structural Society up to April, 1922, and since then by U. S. Department of Commerce, Bureau
of the Census, including reports from the Central Fabricators' Association. Percentages of capacity calculated from reports of the Bridge Builders and Structural Society up
to April, 1922, and applied to estimated total capacity each year based on a special annual survey by the Bureau of the Census. Beginning with April, 1922, reports
received from 242 firms (and in addition 30 firms now out of business) with a total capacity of 245,140 tons in 1922, 253,020 tons in 1923, 266,155 tons in 1924, 286,675 tons in
1925, 291,315 tons in 1926, 312,895 tons in 1927, and 322,960 tons in 1928 have been prorated to the estimated total capacity of the United States, 304,000 tons in 1922 and 312,000
tons in 1923, 326,000 tons in 1924, 347,000 in 1925, 360,000 tons in 1926, 375,000 tons in 1927, and 385,000 tons in 1928, for comparison with previous figures. Monthly data
from2 1922 comparable to figures in this table and revising the figures shown in the Record Book of Business Statistics will appear in the March, 1929, issue (No. 91).
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 36 identical firms, including reports from the American Erectors Association.
Reports from most of the larger fabricators are included in the figures. Data for other classifications included in the total, covering refinery, tank cars, gas holders, blast
furnaces, and miscellaneous, including stacks and ladles, but not separately shown, are given in press releases.
3 Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 72 firms, estimated to represent about 90 per cent of the capacity of the industry.
Data for classifications included in these totals, covering the principal types of stationary and marine boilers, are given in press releases. Details for the first 5 mouths of
19274appeared in July, 1927, issue (No. 71), p. 22.
Compiled by the U. S. Department of Commerce, Bureau of the Census, including reports from the National Association of Steel Furniture Manufacturers, and comprising data from 33 companies in the "business group" and 15 companies manufacturing shelving, comprising the entire industry, with few exceptions. The "business
group"
includes sections, counters, office and vault verticals, safes and interiors, desks and tables, and small miscellaneous articles, exclusive of lockers.
5
Iron and steel exports and imports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The exports prior to 1922 are based on the
group of pig iron and rolled products as used in the Iron Trade Review, comparable each month back to 1913. Beginning with January, 1922, all commodities are given
in quantities in the export reports, and thus a grand total can be presented, which is not more than about 5 per cent larger, on the average, than the data for the comparable
items.
Imports are identical throughout the period, with a few minor exceptions.
6
Data on the value of sales by jobbers of hardware, compiled by American Steel and Heavy Hardware 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. Monthly
data7 from 1922 appeared in March, 1927, issue (No. 67), p. 26.
4 months' average, September to December, inclusive; previous data not available.




38

Table 17.—STEEL SHEETS, BARS, BARRELS, AND WASHERS*
SHEETS— BLACK, BLUE, GALVANIZED, AND FULL FINISHED 1
Production
YEAR AND
MONTH *

Total
Short
tons

Ratio
to
capacity

Stocks,
end of month
Total

Unsold

Per
cent

STEEL BARRELS *
Production

Shipments

New
orders

Unfilled
orders,

end of
month

Total
Number
of barrels

Short tons

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___
1928 mo. av__.

117, 520
171, 489
85,409
190,864
222,660
219, 836
293, 499
287,288
273,940
328,996

62.7
72.7
34.9
76.5
79.7
74.2
92.8
90.4
85.3
96.5

72,963
111, 906
106, 175
108, 709
129,728
122, 955
137, 863
162, 234
159, 419
163, 739

17,061
8,590
46, 989
28,703
35,336
42, 115
45, 702
50,085
48, 980
54,821

114, 869
172, 161
87, 702
182, 519
230, 823
209, 329
266, 156
282, 835
262, 681
315,008

142, 209
140, 844
75,329
203, 869
213,583
225, 024
273, 281
266, 361
279,558
316,219

376, 334
680, 853
232, 551
346, 449
450, 750
368, 147
530, 869
530, 595
448, 963
577, 827

393, 800
503,888
549, 045
552, 547
616, 482

1926
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

1927
January
February
March
April

256, 856
282, 171
359, 340
316, 100

83.5
97.4
108.8
103.1

161, 661
157, 614
160, 357
169, 977

44, 974
47, 168
46, 827
46,901

239,019
261, 412
338. 436
300, 858

261, 357
241, 951
345,900
292, 965

309, 360
May - _
300, 706
JuneJuly . . _. 237, 243
266, 645
August

98.7
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

Shipments

Ratio
to
capacity

Stocks,
end of
month

Unfilled
orders,
end of
month

COLD
FIN.
STEEL
BARS
(<)

LOCK
WASHERS
(3)

Shipments

Per
cent

Number of barrels

43.7
48.4
49.8
53.2

172, 371
384, 723
446, 344
393, 535
504, 364
548, 904
552, 063
616, 977

49, 845
52, 614
47, 865
55, 658
53,708

» 360, 859
666, 110
1, 034, 755
756,963
1, 169, 763
1,448,140
1, 291, 056
1, 187, 491

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

526, 550
513, 002
510, 924
491, 290

529, 137
504, 134
575, 850
599, 771

48.1
46.2
51.7
53.8

525, 518
503, 183
568, 821
609, 090

51, 409
52,360
59, 389
50,070

212, 337
224, 321
230, 715
^ 177, 647

439, 067
399, 562
353, 413
312, 662

588,077
594, 782
578, 223
615, 152

52.2
53.1
51.3
56.2

575, 712
605,123
576, 602
610, 454

17.4
34.0
38.8

Thous.
of dols.

Short
tons

$232
261

34, 031
42,076

1, 788, 194
1, 663, 772
1. 545, 980
1, 365, 555

208
253
302
273

34, 887
39,408
48, 032
39, 897

62, 435
52, 094
53, 715
57, 413

1, 197, 894
1, 198, 839
1, 346, 688
1, 106, 604

275
271
213
228

37,379
36,822
30,605
30,300

September
October
November
December

220, 919
245, 765
232,041
260, 130

«62.6
71.7
65.9
75.9

155, 865
145, 980
145, 644
150, 104

53, 311
50, 518
52, 966
52, 474

230, 443
232, 626
224, 789
221, 689

258, 427
234, 358
344, 519
530, 197

350, 117
308, 264
437, 306
745, 393

521, 899
578, 408
500,909
444, 227

47.4
51.6
45.6
40.6

525, 374
572, 893
497, 345
454, 638

53, 938
59, 453
63, 017
52,606

1, 124, 437
1, 000, 559
845, 789
1, 308, 365

203
199
174
183

27,860
27,656
27, 026
28, 497

1938
January
February
March
April

316, 541
330, 565
366, 127
327, 909

89.6
98.7
103.0
97.8

170, 453
169, 918
163, 846
163, 053

59, 508
55, 594
53, 144
53, 853

274, 126
298, 420
359, 532
327, 674

302, 921
266, 210
399, 441
284, 070

694, 197
667,054
675, 196
571, 761

475, 906
518, 944
636, 855
667, 827

43.7
46.2
55.1
57.5

474, 159
514, 362
644, 521
661, 949

54, 353
58,935
51, 269
57, 147

1, 351, 797
1, 417, 627
1, 343, 583
1, 276, 994

219
236
293
270

45, 010
40,354
39, 957
35, 971

May
June
. _July
August.

349, 367
287, 685
329, 396

95.6
94.3
82.2
92.8

166, 711
151, 606
161,933
154, 461

54, 047
50, 702
55, 280
51, 636

326, 324
308, 741
278, 310
324, 691

250, 316
318, 902
333, 357
254, 397

527, 477
526, 798
550, 468
498, 023

696, 281
712, 779
647, 844
677, 313

59.8
61.4
55.5
57.8

694, 843
717, 496
645, 881
675, 600

58, 585
53, 868
55, 831
57, 544

1, 257, 117
1, 159, 756
1, 243, 412
1, 064, 358

282
287
257
282

39, 431
39,542
39,943
42, 993

September
October
November
December

318, 907
369, 243
358, 402
302, 182

101.0
103.5
104.8
95.1

146, 832
150, 600
174, 028
191, 429

44, 519
49,800
63, 014
66, 750

322, 876
354, 925
307, 790
296, 687

370, 936
344, 614
346, 041
323, 421

539, 960
525, 161
565, 739
592, 094

593, 255
656, 021
563, 647
551, 112

50.2
56.4
48.0
47.1

595, 640
661, 009
568, 353
549, 913

55, 059
50, 071
45, 365
46,464

996, 820
823, 872
957, 117
1, 357, 443

257
269 |
255 i
221 i

43, 893
50, 867
46, 902
40, 045

311,629

1929
January
February
March
April
May
June

j

1

|

''Monthly data from 1917 through 1926 for items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section, pp. 23,
24, and
34.
1
Compiled by the National Association of Flat Rolled Steel Manufacturers, representing almost all the independent sheet manufacturers ranging in capacity from
.59 per cent in 1921 to 75 per cent in 1925, the total capacity of the hot mills in the United States being given by the association as 365,000 short tons at the end of 1921 and
464,000
tons in April, 1928.
2
Compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 30 identical establishments, operating 35 plants, except for figures on percentage of capacity operated prior to October, 1926, which were compiled by the Steel Barrel Manufacturers' Institute, from 14 to 23 members of the institute, no data being
collected from November, 1923, to November, 1924, inclusive.
3 Compiled by the Commercial Lock Washer Statistical Bureau from reports of 7 firms.
4
Compiled by the Cold Finished Steel Bar Institute, from reports of 8 manufacturers, estimated to represent from 60 to 70 per cent of the industry.
5
Due to change in capacity rating, increasing the rated capacities by about 11 per cent, the percentage ratios beginning with September, 1927, are not comparable witb
previous
ratios.
8
6 months' average.




39

Table 18.—IRON AND STEEL CASTINGS*

Short
tons
1921
1922
1923
1924
1925
1926
1927
1928

mo. average
mo. average
mo. average...
mo. average...
mo. average. _.
mo. average...
mo. average...
mo. average...

Per
cent

New orders

Meltings

Batio
Ratio
Batio
to
ca- Bail- Miscel- Total to ca- Rail- Miscel- ProTotal to
pac- road laneous duction Actual norroad laneous
pacmal
ity
ity
Per
cent

Short tons

Per
cent

Short tons

Long
tons

Short tons

26
68
75
62
60
62
53
57

14, 370
43,480
46,540
43,090
35,304
33, 745
32,009
32, 489

18, 310
39, 855
50,764
40,324
46,475
52,895
44,901
50,868

Beets, of iron

ShipNew
Ratio ments
orders
caTotal to
pacity

TBACK
WORK

Total stocks,
end of mo.

Production

Production
YEAR AND MONTH

OHIO FOUNDBY IBON *

STEEL CASTINGS'

MALLEABLE CASTINGS 1

Per cent of normal
meltings

17,639
12, 781
14,283
16,417
13,386
11,637

s 7, 791 520.7
12,183 51.8
20,502 73.8
19,022 67.6
18,632 77.8
17,660 81.9
15, 397 81.9
16, 170 98.6

93
89
85
91
91
99
136

37
58
52
66
71
73
101

71, 111
57,477
66,100
64,716
58,064
64,957

62.3
48.4
55.3
56.6
53.8
67.9

67,998
56,125
66, 181
62,645
57,291
62, 727

55,563
55,539
62,563
59,398
56,066
63,252

94,988
80,734
85,163

68
56
58

35,585
30,888
30,964

59,404
49,846
54,199

32,680
83,502
97,304
83,414
81,779
86,640
76, 910
83,357

56,627
62, 335
72,205
64,612

52.0
57.8
65.7
59.1

54,747
60,775
71,609
66,811

61, 597
68,767
66,376
64,427

87, 370
89, 170
103, 148
95,036

60
62
71
66

34,037
35,322
41,232
39, 189

53,333
53,848
61, 916
55, 847

108,063
94,938
90,353
81,403

75
66
62
56

53,461
41, 355
34,680
32,279

54,602
53,583
55, 673
49, 124

12,969
13, 678
19, 216
17,081

13, 613
13, 101
20,389
19, 189

71.3
84.6
96.6
90.6

91
105
96
99

62
74
84
79

May
June
July
August

62, 747
64,310
53,046
57,096

57.2
58.5
49.3
52.4

63, 385
62, 316
54,240
57, 193

57, 311
54,456
53,484
51,368

87,241
88,065
80,045
87, 418

60
61
55
60

35,236
34, 596
32, 576
32, 397

52,005
53, 469
47, 469
55,021

73,043
91,199
74, 569
63, 938

50
63
52
44

28,946
39,455
31, Oil
21, 144

44,097
51,744
43,558
42, 794

16,768
14, 557
13, 217
13, 387

20,117
15, 891
10, 761
17, 559

86.5
84.1
72.3
86.8

111
99
94
82

86
83
64
71

September
October
November
December

50,807
52,458
46, 698
53,824

47.6
50.0
44.4
51.2

52,722
48,724
44,983
49, 989

46, 161
48,062
43, 202
57, 579

70,409
62, 813
59, 387
58,708

49
43
41
41

25, 618
21, 947
19, 146
19,358

44,791
40,866
40, 241
39,350

52, 742
52, 160
63,075
77, 346

36
36
44
54

18,396
16,625
27,639
39, 112

34, 346
35, 535
35, 436
38,324

10,999
9,914
9,706
9,139

13,298
14, 207
15,647
10,994

81.6
77.2
80.0
71.6

117
88
104
105

82
60
74
58

1928
January..
February
March
April

61,072
65, 359
70,070
63,380

62.7
66.8
73.0
66.0

55, 432
61, Oil
71, 224
65,001

62, 328
64,419
70, 288
62,056

74,454
87, 727
93, 989
86, 016

51
60
64
58

28, 714
37, 719
38,448
32, 619

45, 740
50,008
55, 541
53, 397

91, 448
91, 076
83,755
84,086

62
62
57
57

41, 276
41,096
30, 992
32, 810

50,172
49,980
52,763
51, 276

9,332
11, 371
15,058
13, 511

13, 977 86.8
15, 270 110.0
13, 355 100. 0
19, 039 108. 0

129
135
149
143

88
105
115
115

67, 903
67, 090
60, 290
68,606

70.7
69.9
63.1
72.1

65, 823
66, 737
60,084
66, 962

63, 847
61, 071
60,964
66,128

93, 333
91, 746
78, 648
87, 742

63
62
53
60

36, 599
30, 742
27,501
27,157

56, 734
61,004
51, 147
60,585

86,796
72, 107
66, 992
81, 286

59
49
45
55

34, 995
22, 597
20,483
25, 171

51, 801
49, 510
46,509
56, 115

14, 141
13, 716
11, 776
11,040

13,887
19, 382
19, 967
12, 932

103.3
105.0
103.0
103.4

150
146
127
129

106
99
107
99

62, 665
70,054
63, 560
59, 432

66.3
73.4
66.8
63.4

61, 736
63,510
58,346
56, 861

61, 163
65, 780
59, 664
61, 319

75, 761
87, 952
82, 385
82,203

51
60
56
56

25, 311
29, 471
30, 799
26,484

50,450
58,481
51,586
55, 719

82, 762
78,860
84, 742
96,373

56
54
58
65

35, 234
26, 736
34, 545
43,928

47, 528
52, 124
50,197
52, 445

10, 767
9,493
8,379
11,061

14, 586 90.2
20, 112 103.9
17, 249 91.6
14,284 78.5

131
134
130
124

90
103
95
85

1937
January
February
March
April

May . __.
June
July
August

*.

_

September
October
November
December
1939
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, pp.
28 to 31.
1 Compiled by the 17. S. Department of Commerce, Bureau of the Census, representing reports from 130 identical establishments, covering most of the industry. New
orders, however, are furnished by only 122 firms.
2 Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 130 identical firms, including reports collected through the Steel Founders'
Society. These firms have a monthly capacity of 147,400 tons, at present representing over 80 per cent of the capacity of the industry for commercial castings (as distinguished from castings used in further manufacture in the same plant), of which 67,700 tons is usually devoted to railway specialties and represents the complete capacity
of that branch, while 79,700 tons is generally devoted to miscellaneous castings. New orders for 1925 were 6 per cent larger than the production of direct steel castings manufactured for sale and interplant transfer by steel works and rolling mills and represented 93 per cent of the total of these direct steel castings and of steel castings manufactured in the foundry and machine-shop industry, according to the census of manufactures for 1925. Railway specialties include such items as bolsters, sidearms, draft arms,
couplers, and cast-steel car wheels. Owing to reports from additional firms, these figures represent revisions of those shown in the Record Book of Business Statistics,
Metals and Machinery Section. The revisions in detail appeared in the March, 1928, issue (No. 79), p. 20, including annual averages from 1913 through 1920.
3 Compiled by the American Iron and Steel Institute and covers the production of T-rail track of 60 pounds per yard and heavier, including all special or fabricated T-rail
track work (switches, switch stands, frogs, crossings, guard rails, and appurtenances) of carbon steel, manganese steel, and other metals for both domestic and export use.
Monthly
figures are available only from the beginning of 1925 and are collected only every 3 months.
4
Compiled by the Ohio State Foundrymen's Association, from reports of from 40 to 70 gray iron foundries in Ohio. Owing to the varying capacity of the firms reporting
each month, from 17,000 to 32,000 tons, the data on stocks and receipts have been converted to a percentage basis for better comparison. Details as to class of receipts and
stocks are shown in the association's reports.
s 10 months' average.




40

Table 19.—CAST-IRON PRODUCTS
CAST-IRON BOILERS AND RADIATORS *
Round Boilers
YEAR AND
MONTH

ShipProduction ments

Square Boiiers
Stocks,
ShipProend of duction
ments
mo.

New
orders

New
orders

16, 177
17, 339
18, 935
20, 412
18, 900

Stocks,
ShipProend of duction
ments
mo.

20, 917
18, 844

1936
January
February
March
April

19, 087
21, 240
23,549
24, 380

13, 087
12, 928
14, 288
17, 340

M!ay
June
July
August

20, 660
20, 982
17, 058
18, 174

September...
October
November...
December...

1937
January
February
March
April

New Stocks,
of
orders end
mo.

Thousands of square feet of heating
surface

93, 973
103, 668

17, 652
18,753
20,903
20, 596
23, 189

16, 641
17, 354
20, 480
21, 561
21, 455

22, 729
20, 973

13, 278
14, 150
19, 987
19, 974

74,324
85, 332
94, 657
102,248

20, 802
19, 471
20,274
22, 012

13, 846
12, 736
12, 266
15,012

18, 881
16, 883
20, 882
27, 393

20, 056
18, 162
23, 157
29, 858

104, 917
109, 243
107,171
102, 913

20, 933
20, 655
18, 257
21, 444

22, 359
17, 676
15, 914
12, 245

27, 929
30, 978
26, 175
18, 177

30, 820
24, 830
23, 966
12, 768

101, 047
89, 849
81, 010
74,967

17, 164
20, 202
27, 669
23, 719

12, 692
16, 130
15, 864
19, 352

10, 604
15, 276
19, 404
17, 627

\UgUSt

23, 128
25, 078
19, Oil
22, 311

20, 992
19, 064
18, 911
22, 588

September. __
October
November
December

22, 733
19, 865
14, 437
10, 023

1938
January
February
March _
April

Pro- Stocks,
of
duction end
mo.

Shipments

Dollars

Thousands of B. t. u.

97, 756
103, 818

12, 670
12, 623
13. 486
14, 519
14, 786

11,939
12, 304
13, 769
14, 349
13, 503

16, 325
13, 717

43, 024
52, 775

14, 617
14, 341
18, 033
18, 022

89, 567
93, 198
102, 007
108, 944

15, 342
15, 360
15, 740
16, 366

10, 004
9,770
8,810
10, 592

10, 576
12, 202
17, 778
14, 210

32, 115
38, 053
45, 059
50, 897

19, 181
16, 502
23, 991
30, 249

20, 538
18, 214
27,904
33,187

110, 533
114, 515
111, 713
105, 071

14, 113
13, 834
14, 424
14, 308

14, 355
10, 824
14, 983
19, 845

16, 489
13,486
16, 243
23, 028

50, 853
53, 638
52, 915
46, 519

26, 191
22, 338
19, 229
15, 543

31, 888
35, 354
27, 777
19, 932

37, 305
28, 170
28, 255
14, 156

99, 982
87, 437
77, 150
72, 951

15, 551
15, 000
12, 356
11, 829

18, 766
20, 173
19, 631
14, 435

21, 080
18, 257
20, 236
12, 316

44, 534
39,409
32, 375
29, 915

82, 765
89, 880
101, 393
106, 225

20, 658
21, 331
25, 437
20, 442

13, 105
13, 527
13, 132
16, 164

10, 896
12, 473
16,085
15, 610

81, 849
89, 855
101, 042
105, 300

14, 226
14, 842
17, 261
15, 326

9,534
9,770
8,965
10, 594

9,240
7,393
11, 588
10, 873

34, 464
40, 452
48, 714
53, 598

23, 086
23, 568
20, 442
20, 781

108, 721
114, 432
114, 224
113, 776

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

22, 311
25, 734
19, 972
13, 185

20, 340
25, 917
17, 740
11, 346

113, 561
104,301
99, 284
95, 453

29, 682
24, 758
22, 575
18, 265

30, 687
31, 156
29, 156
21, 637

25, 112
30, 400
24, 812
16, 781

111, 499
110, 647
101, 990
97, 619

17, 453
14, 088
11, 251
11, 539

17, 304
18, 156
17, 540
13, 193

15, 768
19, 683
16, 154
11, 772

58, 887
55, 030
49, 302
53, 793

9,037
13, 341
15, 631
12, 452

11, 009
10, 620
10, 407
9,280

11,511
10, 566
11, 238
9,554

79;400
81, 894
87, 666
90, 529

24, 743
29, 068
36, 544
28,994

19, 292
18,099
16, 474
15, 787

18, 230
19, 466
17,006
15, 582

120, 522
131, 341
151, 678
164, 514

12, 581
14, 774
18, 039
13, 651

10, 661
9,357
7,994
7,541

9,990
12, 139
8,792
8,928

48, 714
54, 353
64, 467
70,845

96, 589
128, 824
177, 859
161, 976

86, 892
103, 250
147, 845
119, 354

132, 733
165,901
217, 385
161, 317

846, 845
880, 423
923, 617
983,786

May
June _
July
August _

14, 232
12,094
10, 581
12,881

12, 166
13, 071
12, 302
14, 422

14, 888
14, 765
12, 950
12, 551

91, 098
89,728
87, 993
86, 141

34,790
31, 238
19, 541
38, 693

20, 268
25, 165
28,247
36, 212

29, 021
29,779
32, 164
31,809

181, 972
188, 078
179, 539
182, 367

16, 513
13, 363
11, 388
15,914

9,730
11, 665
13,285
16, 951

13, 572
12, 394
14, 844
15, 753

77, 926
79, 549
78, 279
77, 267

162, 167
230, 250
266, 627
288, 954

122, 843
182, 195
224, 098
239, 048

164, 434
135,711
125,000
168, 547

993, 425
960, 656
852, 822
778, 337

September..October
November...
December

13, 655
17, 953
16, 846

17, 021
22, 621
17, 362

14, 504
19, 819
13, 252

82, 931
78, 349
77, 785

26, 760
30,098
26, 770

41, 989
52, 505
36, 328

36, 527
53, 522
28, 502

167, 063
145, 051
135, 889

13, 770
12, 853
10, 825

18,092
23, 062
19, 219

16, 533
23, 394
16,931

72, 902
63, 082
54, 776

395, 265
351, 367
250, 315

322, 000
274, 760
202, 868

169, 376
187, 196
233, 073

622, 687
596, 143
598, 518

1923
1924
1925
1926
1927
1928

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

Mav
June
July

1939
January
February
March
April
May
June

/

Radiators

Thousands of pounds

16, 848
18, 126
19, 526
19, 444
20, 445

GAS-FIRED BOILERS 2

$91, 729
191, 112
225, 233

j
|

i

I
j

|

i
I
i

1

1

i

* Compiled by the National Boiler and Radiator Manufacturers' Association, from reports of 30 firms, 15 reporting on cast-iron radiators and 25 reporting on cast-iron
boilers
(both round and square), both estimated to represent over 90 per cent of the industry. The data for 1923 and 1924 are not available by months.
2
Compiled by the Gas Heating Boiler and Furnace Association from reports of 8 manufacturers of industrial gas-fired heating boilers, estimated to represent about 75
per cent of the industry. The annual shipments for 1925, 1926, and 1927 include furnaces as well as boilers, but furnaces form only a small proportion of the total.




41

Number of machines
1919 mo. average
1920 mo. average. .
1921 mo. average
1922 mo. average
1923 mo. average
1924 mo. average
1925 mo. average
1926 mo. average
1927 mo. average
1928 mo. average

74,071
34, 691
48, 203
59,036
60, 741
73,506
85,754
78, 709

47,128
24,117
35, 244
46, 197
51,005
61, 073
70, 307
64,638

80,158
79, 825
70,260
75, 155

Pitcher, Powhand er,
Unand horiwind- zontal New Ship- filled
orders,
mill type orders ments
end of
mo.
Shipments
Thousands of dollars

Number of units

9738
658
614
717
524
1,088

Number

Shipments

H

f

Production

Shipments

Steam, power, 0and
centrifugal

Domestic

Total Electric

Domestic »

AGRICULTURAL
MACHINERY AND
EQUIPMENT*

PATENTS
GRANTED i

Agricultural
implements
Internal-combustion engines

Shipments
Shipments

PUMPS

Total, all classes

YEAB AND MONTH

SYSTEMS*

WASHING
MACHINES >

WATER

VACUUMCLEANERSi
(qtly.)

WATER
SOFTENERS «

Table 20.—HOUSEHOLD AND AGRICULTURAL MACHINERY AND PUMPS

Relative to 1923-1925 average

$1,882 $1, 462 $6,076
2,674 2,543 12, 653
1,072 1,468 5,974
1,254 4,631
1,406
1,753 5,430
1,679
1,252
1,212 1,260
1,394 2,676
1,452
1,582 1,552 3,273
1,432 1,400 3,261

3,073
3,097
3,157
3,201
3,220
3,550
3,871
3,729
3,478
3,531

68
65
57
49
49
52
61
53
51
41

65
73
55
49
59
58
63
51
65
53

92.1
89.8
118.2
134.0
141.1
174.2

92.5
90.5
117.1
132.1
136.8
160.3

90.2
86.0
123.7
143.5
163.6
245.5

104.1
87.2
108.7
125.5
117.4
145.4

1,446
1,510
1,349

6,566
6,985

» 51, 566
49,804
45, 021
58, 845
45, 554
41, 625

64,493
64,892
58, 009
63,606

1,467
1,482
1,238
1,595

7,500
8,354
7,586
8,601

37, 562
43, 322
38, 752
39,969

967
1,038
1,024
994

1,497
1,374
1,409
1,489

1,511
1,498
1,597
1,474

3,482
3,350
3,044
3,040

4,524
3,137
3,078
3,815

86
44
50
46

65
76
47
67

149.1
167.6
158.5
177.6

153.9
176.2
158.5
166.8

124.0
123.0
158.8
234.0

119.3
116.7
113.8
115.6

309, 998

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 1,492
40, 443 1,758
36,130 1,461
38, 148 1,370

1,178
1,300
1,403
1,300

1,221
1,303
1,294
1,255

2,950
2,950
8,092
3,125

2,792
3,185
4,232
3,170

37
57
61
42

34
73
60
33

157.2
121.5
87.3
90.7

134.4
110.7
80.0
82.4

277.0
178.0
125.6
133.8

106.2
112.4
115.0
127.5

1938
January
. _ _
February
March
April

78, 342
75, 212
97, 712
89, 587

68,840
74,830
90, 770
86,772

56, 728
61,944
74, 610
69,884

1,268
1,396
1,956
1,489

6,746
6,076
7,873
8,182

51, 822
51, 999
52,946
42,990

1,591
1,598
2,578
2,299

1,137
1,346
1,418
1,504

1, 138
1,177
1,352
1,376

3,112
3,260
3,309
3,383

3,504
3,136
3,229
3,321

45
32
49
45

51
61
52
43

115.7
168.8
216.0
187.2

116.8
159.4
216.8
184.4

109.9
218.2
211.4
201.8

130.7
136.5
143.9
148.3

May
June
July
August

89, 661
75, 631
57, 702
65, 164

88,164
79, 962
78, 564
92, 955

70, 922
63, 531
62, 337
74, 253

1,480
1,235
1,218
1,402

8,997
9,624
8,815
9,471

40, 190
43, 693
38, 867
48, 729

2,305
1,842
2,251
2,528

1,428
1,505
1,460
1,579

1, 518
1,640
1,553
1,520

3,239
3,088
2,984
3,023

4,248
4,275
3,107
3,390

56
24
44
29

63
42
59
43

186.6
219.3
211.7
219.7

186.2
222.5
206.1
187. 5

188.3
202.7
241.0
387.5

146.0
142.6
142.5
146.1

September
October
November
December

89, 222
96,528
90,427
114, 272

98, 065
92, 971
85, 798

80, 770
76, 757
75, 252

1,187
1,505
1,125
928

8,495
9,668
8,500

40, 677
39, 946
35, 862

2,011
2,728
2,089

1,405
1,708
2,084

1,369
1,634
1,494

3,056
3,128
3,714

3,039
4,323
3,494
3,309

40
59
39
34

42
67
63
54

179.2
153.4
108.2
124.3

145.7
129.1
79.6
88.9

354.0
280.3
257.4
294.0

145.5
148.5
154.6
159.1

1939
January..
February
March
April

-

1937
May
June
July
. _.._ ._
August
September
October
November
December

254, 075
225, 891
239,463
266, 358
259, 654
84,955

241, 698

_

.
.

212, 829

__

May
June
* Monthly data from 1919 through 1926 for items in this table, if available, and annual averages on patents from 1913 through 1918 may be found in the Record Book of
Business
Statistics, Metals and Machinery Section, pp. 43 to 46.
1
Compiled by the Vacuum Cleaner Manufacturers' Association from companies representing about 90 per cent of the industry. Annual figures represent quarterly
averages.
2 Compiled by the American Washing Machine Manufacturers' Association from reports of 48 members representing practically the entire industry in the United States
and Canada. Data for 7 small firms have been estimated to make the compilation complete. The association's monthly reports show electric, gas and power, water-power,
and 3hand machines separately.
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 21 manufacturers, covering domestic water softeners. Values of shipments are
given in press releases and appeared in the November, 1927, issue (No. 75), p. 27.
* Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 32 manufacturers. Details by classes are given in press releases.
« Compiled through 1926 by the Federal Reserve Bank of Chicago, covering 22 firms in 1922 and 1923 and 19 firms thereafter. Beginning with 1927, these data have been
compiled by the U. S. Department of Commerce, Bureau of the Census, from practically the same number of firms. Details by classes, showing units and values as between
domestic and foreign shipments, are shown in monthly press releases.
6 Compiled from data furnished by the Hydraulic Society, the original figures being prorated to compare with reports from 23 identical firms beginning with April,
1925. The number of members reporting gradually increased from 14 in 1919, representing about two-thirds of the 1925 membership, until the full 23 companies reported.
These totals are believed to represent about two-thirds of the industry, and in 1923 these shipments represented about 23 per cent of the total production of all pumps and
pumping machinery according to the census of manufactures. Details are given on the association's reports as to single steam pumps, duplex steam pumps, power pumps,
centrifugal pumps, and reciprocating deep-well pumps.
* 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."
s Compiled by the Federal Reserve Bank of Chicago, covering 90 manufacturers, estimated to represent 80 per cent of the industry. The production figures are based on
the employment data of 88 firms and the shipment figures on the value of goods shipped by 90 firms (60 reporting foreign shipments). Details for each class, segregated
as to foreign and domestic shipments, are shown separately in the monthly summaries of the Federal Reserve Bank of Chicago.
° 11 months' average.




42

Table 21.—INDUSTRIAL MACHINERY
FOUNDRY
EQUIPMENT i

YEAB AND
MONTH

UnNew Ship- filled
orders tnents orders,
end of
month

STOKERS *

MACHINE
TOOLS 3

Sales (new
orders)

UnNew Ship- filled
ororders m'ts ders,
end
mo.

ELECTRIC HOISTS *

New orders

Shipments

Qty.

Value

Relative to aver- No.
age shipments,
of
1922-1924
hoists

Dollars

ELECTRIC
OVERHEAD
CRANES «

WOODWORKING MACHINERY •

UnUnCan- filled
filled
Ship- New
New cel- orders,
or- orders, orders
m'ts ders
laend of
end of
tions month
month

Relative to average
shipments, 1922-1924

Number

Total
h. p.

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
1928 mo. a v _ _ _

35.7
93 1
132.5
104.7
132.6
141.1
124.2 7 107. 0 7 105. 2
173.3 156.9 311.6

234
183
73
130
122
94
112
113
115
124

52, 732
65, 920
27, 262
60, 409
60, 871
42, 857
46, 111
45, 519
40, 300
42, 391

261
202
38
77
134
94
150 7153 7290
162 167 294
138 139 227
237 204 418

311
300
274
437

$167, 929
160, 016
134, 982
203, 998

$154, 073
165, 089
128, 358
188, 661

$574
316
881
785
812
977
776
594

1927
May
June
July
August

134.8
138.4
89.9
106.4

113
183
136
160

47, 705
59, 958
41, 504
60, 977

127
139
129
170

135
142
100
118

198
200
216
278

330
285
229
278

171, 192
128, 313
105, 103
162, 594

124, 729
129, 810
98, 020
128, 331

671
801
679
729

September
October
November
December

80.4
98.0
95.8
106.8

113.4
97.2
110.4

106.3
105.8
103.5

104
95
67
83

27, 843
27, 222
16, 955
32, 202

106
133
134
169

128
152
149
157

266
231
214
192

300
270
223
272

147, 323
114, 835
102, 238
122, 663

151, 674
121, 445
139, 066
102, 206

1928
January
February
March
April

132.7
123.6
138.6
107.7

116.4
110.6
147.9
112.5

120.6
132.9
127.1
126.1

75
85
123
88

26, 572
43, 643
43, 425
31, 043

218
201
222
222

149
175
210
219

293
330
376
371

346
399
557
394

160, 852
172, 472
260, 222
198, 004

May _. .
June__
July.
August

335.6
149.1
94.8
278.0

104.7
129.4
124.8
154.1

344.5
359.3
332.1
467.2

130
162
186
162

38, 705
42, 628
58, 670
51, 572

205
215
204
241

204
193
181
208

345
348
420
428

462
442
394
402

September
October
November
December

170.0
185.0
197.8
166.5

129.7
254.3
264.0
234.6

529.5
462.6
403.9
333.8

161
100
116
102

65,060
27, 219
30, 938
49, 212

265
284
290
274

205
221
242
245

441
504
563
596

447
405
522
475

Shipments

No. of
machines

Thousands of dollars

$226
575
764
742
898
974 7 $4, 036
665 2,626
633 1,872

$772
1,415
1,709
1,460
1,661
1,555
1,253
1,413

$67
30
52
47
33
30
15
27

$1, 899
2,494
3,705
2,681
2,502
1,925
1,377
1,814

$1, 233
1,777
883
1,304
1,659
1,515
1,601
1,584
1,292
1,351

487
964
689
483

2,555
2,643
2,746
2,278

1,351
1,146
1,036
1,207

3
10
13
12

1,586
1,305
1,167
1,200

1,282
1,508
1,105
1,214

1,119
1,199
971
1,089

653
764
637
762

684
566
525
586

2,273
2,117
1,975
1,792

1,182
1,144
1,075
1,305

21
23
12
19

990
975
997
1,470

1,380
1,124
1,152
1,172

1,093
872
854
881

133, 842
166, 920
214, 080
188,967

432
595
672
659

358
519
704
410

1,735
1,763
1,699
1,520

1,145
1,245
1,317
1,329

23
9
21
42

1,456
1,539
1,438
1,577

1,130
1,147
1,346
1,150

920
890
1,064
931

204, 550
181, 205
204, 636
180, 365

190, 174
195, 807
177, 404
193, 248

547
600
463
564

708
573
733
821

1,671
1,688
1,800
1,952

1,985
1,173
1,247
1,641

25
44
32
6

2,058
1,873
1,838
2,058

1,490
1,319
1,264
1,436

1,082
871
932
1,170

228, 510
209, 594
258, 867
188, 693

172, 986
202, 829
215, 863
211, 815

464
806
701
623

713
775
725
559

2,188
2,165
2,189
2, 092

1,639
1,585
1,295
1,360

26
840
21
36

2,265
2,035
1,838
1,792

1,413
1,666
1,502
1,353

1,050
1,170
985
957

s 1, 122
1,514
1,144
1, 141
1,210
1,020
1,002

1929
January
February
March_
April. _.
May
June

* Monthly data from 1919 through 1926 on items in this table, if available, may be found in the Record Book of Business Statistics, Metals and Machinery Section,
pp. 140 to 42.
Compiled by the Foundry Equipment Manufacturers' Association from reports of from 11 to 20 members, said to represent 65 to 70 per cent of the foundry equipment
industry. The principal products are molding machines, sand-cutting machines, sand-blast machines, tumbling barrels, sand-mixing machines, cupolas, ladles, core-making
machines, etc. The reports for each month are related to the average shipments of the reporting firms for 1922 to 1924 and are thus comparable, despite the difference in numr
ber of reporting firms. The association reports give detailed index numbers by si/es of firms but no numerical data.
2 Stoker sales through December, 1922, from the Stoker Manufacturers' Association, said to represent approximately 99 per cent of the industry; beginning with January,
1923, from reports to U. S. Department of Commerce, Bureau of the Census, from 13 manufacturers, representing practically the entire industry (15 prior to August, 1924,
when
4 establishments consolidated into 2). Press releases show segregation as to installation under fire-tube or water-tube boilers.
3
Compiled by the National Machine Tool Builders' Association, including quantity reports from between 50 and 60 firms, said to represent about one-third of the industry. This index, based on average monthly shipments for the years 1922 to 1924 as 100, covers gross new orders, shipments, and unfilled orders at the end of the month.
The association reports give detailed index numbers by sizes of firms but no numerical data. Detailed shipments data, since discontinued, appeared on p. 55 of the April,
1924,4 issue (No. 32).
Compiled by the Electric Hoist Manufacturers' Association from the reports of 9 firms.
« 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 the March, 1927, issue (No. 67), p. 26.
6 Compiled by the Association of Manufacturers of Wood Working Machinery from reports of its members, averaging about 23 each month and varying from 20 to 27.
The total shipments for 1925 represented 48 per cent of the value of woodworking machinery produced that year, according to the census of manufactures. The products
comprised in this classification include band and scroll saws, band mills, band rip and resaws, borers, circular cut-off saws, circular resaws, circular rip saws, combination
saws, dovetailers, gainers, grinders, hand planers and glue jointers, lathes, molders, mortisers, planers and matchers, sanders, sash and door machines, shapers, surfacers,
tenoners,
wheel machines, and woodworkers, besides miscellaneous woodworking machinery.
7
3 months' average.
8 6 months' average.




43

Table 22.—ENAMELED WARE1
BATHS
YEAR AND MONTH

Ship- Stocks,
meats end mo.

New
orders

SINKS

MISCELLANEOUS

Ship- Stocks, New
ments end mo. orders

Ship- Stocks,
New
ments end mo. orders

LAVATORIES
Unfilled
orders,
end mo.

Ship- Stocks,
ments end mo.

New

orders

TOTAL
SMALL
WABE2
Unfilled
orders,

end mo.

Number of pieces
1913
1914
1915
1916
1917
1918
1919
1920

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av._- _
monthly av_:__
monthly av

39, 831
42, 450
46, 977
51, 181
33,172
19,432
34,625
51, 441

1921
1922
1923
1924
1925
1926
1927
1928

monthly
monthly
monthly
monthly
monthly
monthly
monthly
monthly

41, 510
74, 814
90, 396
95, 629
110, 460
99, 595
94, 267
92, 949

1926
September
October..
November
December
1937
January
February
March
April

av___.
av..-..
av
av.
av.
av
av
av

60, 530
41, 684
20, 951

321,980
21, 514
69, 872
35, 107

123, 163
326, 490

156, 620
156, 297
147, 182

40, 911
93, 033
97, 316
98, 758
115, 841
103, 581
95, 572
101, 653

49, 907
137, 628
253, 957
168, 542
104, 126
71, 230
41, 972

102, 333
98, 237
80, 271
68, 133

149, 555
158, 764
161, 391
177, 331

97, 178
92, 008
84, 209
80, 023

48, 278
43? 556
38, 801

83,117
82, 810
98, 799
99, 993

182, 363
189, 108
186, 642
175, 728

86, 802
79, 810
104, 993
98, 762

May__
June
July
August...

104, 953
115, 254
111,294
116,443

158, 014
139, 463
128, 516
127, 324

109, 224
113, 336
117, 720
110, 916

Septfimber
OctoberNovember
December

97,129
88,558
74,832
58,025

129, 559
143, 824
151, 673
163, 354

1938
January
February
March
April .

71,041
76, 318
95, 818
105,718

May
June
July
. August
September
October
_
November
December __ .

47,754
49, 527
55, 769
65, 230
44, 888
32, 620
45, 768
51, 438

132, 369
138, 791
43, 302

34, 322
73, 612

58,169
91, 512
110, 479
110, 283
127, 356
113, 773
104, 305
105, 342

109, 318
79, 507
56, 408
143, 788
217, 056
236, 642
229, 945
191, 174

56, 315
117, 222
121, 891
106, 353
131, 741

130, 131
117, 122
86, 552
74, 005

33, 422
88, 018
57, 502

31, 555
34, 655
29, 367
40,887
22, 201
23,331
28,383
31,062
33, 640
45, 531
57, 913
70, 658
62,289
50, 003
46, 978
46,507

53,428

330,063
53,438

57, 789
70, 626
74, 293
48, 419
32, 846
54, 584
60, 231

329,197
145, 329
124, 873

66,333

119,845

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

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

117, 617
118, 617
115, 878
102, 664

303, 586
267, 871
248, 458
238, 763

118, 391
118, 159
120, 538
131, 053

49, 844
54,481
45, 523
55, 030

135, 726
132, 602
134, 133
127, 827

46, 937
51, 192

222, 824
220, 875
230, 148
239, 022

126, 112
108, 774
85, 933
88, 008

50, 616
46,100
41,106
35, 165

125,479

233, 751
262, 380
281, 911
268, 699

97, 470
103, 263
147, 261
216, 182

139, 110
138, 113
104, 262
102, 140

143, 791
128, 298
122, 593
116, 497

239, 678
227, 929
213, 539
216, 338

145,004

89, 126
91, 575
81, 693
68, 293

101, 777
111, 740
89, 309
73, 623

216, 255
230, 725
242, 837
258, 426

268, 582
241, 039

210, 291
208, 406
225, 645
265, 400

115, 797
109, 582
86, 962
92, 759

125, 044
120, 262
91, 699
78, 524

257, 240
246, 816
274, 422
306, 431

115, 973
110, 784
94, 740
97, 081

102, 986
88, 832
113, 983
111, 301

256, 114
267, 550
256, 641
255, 264

106, 720
85, 880
118, 642
107, 102

99, 178
99, 613
117, 784
114, 302

296, 158
311, 786
325, 102
318, 391

243, 959
219, 007

41,183

109, 206
119, 275
110,826
126, 534

116, 205
116, 135
121, 276
126, 027

112, 461
126, 875
115, 169
131, 752

100, 413
85, 368
71, 446
68, 077

43, 703
34, 980
29, 663
34, 173

118, 257
101, 961
79, 630
68, 866

196, 259
197, 121
201, 577

118, 159
117, 303
86, 117

212,004

119, 850
97, 263
77, 309
79, 816

154, 620
164, 014
172, 292
159, 892

77, 712
84, 084
124, 016
191, 571

36, 473
43, 321

201, 770
217, 543
227, 151
212, 325

93,364

92, 743

97, 613
153, 131
209, 744

90,629
119, 596

139, 801

85,942
87, 370
114, 558
124, 027

125, 522
119, 297
111, 067
103, 878

135, 793
120, 723
113, 430
122, 167

127, 780
113, 017
101, 603
96,876

136, 238
121, 061
101, 560
68, 263

141, 458
131, 623
120, 600
114, 070

183, 173
173, 898
164, 830
161, 276

86,342
93, 174
68,783
58, 425

134, 749
147, 656
165, 738
175, 104

76, 074
90,665
72, 677
63,756

53, 303
44, 842
45, 561
39, 182

94, 383
99, 250
79, 218
71, 607

168, 211
180, 651
195, 323
207, 940

74,290

49,804

47, 343

43,104
46, 109
44, 405
46, 666

45,479
46, 860

61,880

233,466
220, 381

31,803

283, 860
952, 334

46,532
46,836

106, 019
114, 014

64, 577
124, 179
127, 919
115, 485
133, 381
115, 666
111, 251
118, 996

106,995

89,394
68,400

3 15, 176
25, 427
42, 671
27, 691

180, 320
406,291
913, 480
480, 920
250, 646
162, 217
112, 930
201, 466

66,458
. 95, 327
114, 146
120, 381
129, 233
113, 638
109, 496
109, 673

75, 324
41, 768
35, 439
71, 193

77, 034
79, 129
47, 410

115,065

75,239

111, 764
93, 336
59, 188
154, 896
266, 823

283,031

51, 260
111, 138
171, 306
151, 371
133, 868

60, 931
63, 290

65,700
58,535
52, 364

51,961
43, 020

54, 102

117, 488
115, 375
123, 117
120, 949

136, 902
134, 307
132, 116
138, 713

50, 129
46, 758
38, 779
38, 332

119, 608
99, 514
97, 482
106, 850

39, 426
42, 545
50, 302
51, 510

131, 077
140, 815
137, 416
125, 325

39, 480

100, 160
124, 743
185, 255
360,858

113, 088
111, 141
110, 330
95, 958

47,197
41,605

96,830

53,353
48,221
48,550
54,003

99, 749
110, 396
92, 490
74, 700

44,910
46,129
44, 159
34,971

103,509

44, 707

116, 110
125, 108
128, 259

43,899

128, 368
116, 236

49,560

46,694
61,600
73,455
55, 012

41, 692

37, 852

28,838

348, 844
315, 920
274, 135
174, 072
155, 483
129,154
130,873
118, 100

1939
January
February..
March
April

_.

May
June
1
Compiled by the U. S. Department of Commerce, Bureau of the Census, beginning with January, 1922, representing complete production as reported by 22 manufacturers, including the membership of the Enameled Sanitary Ware Manufacturers Association, until its dissolution in February, 1928, after which all firms reported direct to
the Bureau of the Census. A few small firms were unable to furnish complete reports prior to January, 1924. Data prior to 1922 are totals of the association reports, estimated to represent about 98 per cent of the industry at that time. Monthly data from 1917 through 1926 may be found in the Kecord Book of Business Statistics, Metals
and 2Machinery Section, pp. 36 to 39.
Small ware includes lavatories, sinks, and miscellaneous.
8
9 months' average, April to December, inclusive; previous data not available.




44

Table 23.—COPPER AND WIRE CLOTH*
COPPER

WIRE CLOTH *
1

Stocks, end mo.
(N. and S. America)
Domestic ship- Exports,
ments, refined 2
refined 1
Refined Blister

Production

World i
producRefined 1 tion,
Mine* Smelter 1 (N.and S. blister
America)

YEAR AND MONTH

Dolls,
perlb.

Short tons

1

297, 928
270, 151

79, 554
112, 971
121, 624
128, 406
133, 374
138, 196
156, 706

25, 605
45, 829
61,293
62, 782
69,264
75, 181
68, 737
81, 955

26, 178
30, 326
33,859
45, 692
44,212
39, 244
43, 631
45, 840

337, 989
188, 211
120, 427
6
128, 918
7 82, 726
73, 390
96,728
66, 119

206,377
177, 928
244, 509
6 241, 659
7248,213
266,704
254, 895
234, 927

.1250
.1338
.1442
.1303
.1404
.1380
.1292
.1457

358
438
491
455
436

418
418
468
420
409

1,062
1,140
1,070
1,236
1,127

125, 581
113, 233
118, 133
119, 786

139, 114
134, 243
132, 186
135, 015

69, 779
63, 465
61, 965
71, 736

38, 394
42, 833
42, 592
46, 571

108, 079
96,360
104, 388
93,654

242, 074
257, 823
250, 957
253, 886

.1262
.1237
.1253
.1297

444
435
418
422

384
431
391
426

74, 418
83, 551
79, 878
85, 868

119, 100
124, 927
118, 269
128, 923

133, 291
145, 278
141, 975
148, 961

71, 578
68, 619
59, 264
60, 862

46, 137
41, 317
41, 129
51, 322

86, 493
83, 882
90,874
95, 298

246, 517
246, 354
250, 014
248, 420

.1294
.1296
.1332
. 1377

409
432
464
492

68, 469
67, 423
70, 327
69, 721

77,429
81, 895
79, 110
82, 087

122, 723
124, 848
128, 972
122, 824

140, 546
144, 546
144, 842
143, 427

64,824
73, 789
72, 642
72,234

52, 095
43, 092
48, 210
45, 550

96,476
86, 932
87, 292
72, 893

223, 560
231,904
225, 721
220,206

.1385
.1382
.1385
.1399

73, 729
73, 224
73, 426
76, 952

85,745
88, 398
83, 875
88,517

129, 236
131, 024
135,092
143, 560

153, 414
156, 474
153, 190
158, 838

79, 103
81,436
82, 245
83, 398

56, 667
50, 261
47, 855
41, 186

66, 288
58, 809
54, 871
54, 793

225, 462
235, 363
241, 131
238, 923

78, 341
86, 480
85, 382
85, 673

85, 795
100, 720
103, 137
103, 386

137, 018
149, 199
155, 448
147, 905

154, 518
174, 623
180, 813
176, 240

88, 707
100, 371
99, 822
84,889

36, 190
45, 168
45, 171
38, 635

51, 812
45, 648
52, 153
65, 466

239, 142
241, 732
244, 854
251, 120

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
1922
1923
1924
1925
1926
1927
1928

monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.

19,667
41,154
61,564
66,115
70, 176
72,709
69, 165
75, 762

23,938
47, 131
69, 478
74, 872
78,944
82, 014
80, 721
88,341

44,766
65, 736
96,990
108, 361
112,692
120, 038
123, 042
135, 654

1937
May
June _
July. ._
August. .

71, 613
69, 539
65, 545
67, 248

82, 132
77, 847
75, 029
78, 245

September
October
November
December

65, 936
68, 959
68, 080
67, 222

1938
January .
February
March
April
May
June
July
August

September
October
November
December

$0. 1527
". 1360
.1703
.2720
.2718
.2481
.1869
. 1746

52, 179

monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.

__

Thousands of square feet

38,593
35,003
28,362
31,906
46, 194
30, 398
21, 413
25,888

1913
1914
1915
1916
1917
1918
1919
1920

'.

Un- Make
Price,
and
ingots
Pro- Ship- Stocks, New filled
or- hold
electro- duc- ments end of orders ders,
orders*
tion
lytic
mo.
end end
(N.Y.) 8
mo. mo.

1939
January
February
March
April

-

8

«398
393

401
323
356
278
290

383
438

1,300
1,292
1,374
1,320

351
392
367
413

220
229
245
256

413
395
417
398

417
446
470
404

1,242
1,187
1,161
1,213

440
476
442
381

265
332
292
316

396
412
366
413

449
435
584
413

425
453
452
405

1,189
1,150
1,141
1,147

414
399
400
399

315
297
269
283

441
412
422
438

.1420
.1453
.1453
.1453

431
400
367
430

407
364
365
387

1,134
1,157
1,124
1,120

371
310
346
408

258
185
247
285

402
414
405
457

.1472
.1520
.1578
.1584

403
466
423
425

423
442
395
391

1,099
1,068
1,092
1,099

412
419
422
419

320
266
301
449

453
459
482
469

I

May
June
i

* Monthly data from 1909 through 1926 on items in this table, if available, may be found in the Kecord Book of Business Statistics, Metals and Machinery Section,
pp. 48 to 50.
1 Compiled by the American Bureau of Metal Statistics, except mine production prior to January, 1921, and smelter production prior to 1923, for which the annual data
of the 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,
compiled by the Copper Export Association. Data on mine production represent practically complete primary production of copper in the United States, the 1924 data
representing 99 per cent of the annual total reported by the Geological Survey. World production of blister copper includes the smelter output of the United States
Mexico, Canada, Chile, Peru, Japan, Australia, Europe (in part), Belgian Congo, and Rhodesia. These countries produced about 95 per cent of the world's production
in 1922; 96 per cent in 1923; 97 per cent in 1924 and 1925, and 98 per cent in 1926. Smelter production data are based on the production of blister copper by smelters
in the United States from both domestic and imported ores, also from some scrap copper. Refined-production data represent the total output of primary refined
copper by refiners in North and South America. Domestic shipments (as distinguished from export) represent the movement of refined copper to the United States
from 12 refineries located in both North and South America. Stocks of blister copper represent holdings in both North and South America, including copper "in
process." Stocks of refined represent holdings at refineries in North and South America.
2 Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing refined copper in pigs, ingots, bars, old and scrap, pipes,
tubes, plates, sheets, and wire, except insulated wire and cable.
'o Price of ingot copper, electrolytic, New York, based on averages of daily transaction compiled by the Engineering and Mining Journal-Press.
< Compiled by the Wirecloth Manufacturers' Association, from reports of 8 manufacturers of brass and bronze wire endless belts for paper manufacturers, and estimated
to represent from 80 to 90 per cent of the industry. Details by sizes are given in the association's report. Make and hold orders are special goods made up and held until
called for by the paper mills; the goods included in this item are not included in any other items in the table except production.
6 9 months' average.
610 months' average.
7 8 months' average, January, February, April, and May missing,
 s 11 months' average, January missing.



45

Table 24.—ELECTRICAL PRODUCTS

Thous.
of dolls.

mo av
mo. av
mo. av
mo. av
mo. av
mo. av
mo. av
mo. av

93, 176
87,083
108,688
88,755

236, 427

September
October
November
December

235, 848

239, 999

1928
January
February
March
April

242, 875

__
244,467

September
October
November
December

1 to 300 H. P.

New orders

New
orders

Shipments

264, 419

122, 681
115, 043
168, 148
148, 789

35,002
35,728
42,391
47,066

$844, 597 $871, 130
781, 250 770, 695

692, 583
494,566
439, 334
731, 426
505, 213 1,078,639
510, 548
736, 082

766, Oil
671, 208
802, 572
737, 349

496, 592
592, 366
636, 716
929, 872

831, 274
810, 424
736, 679
706, 219

753, 547
859, 582
776, 866
823,940

72, 846
96,438
42,402
62,697

(15)
132, 927
134, 550 44, 526
131, 293 400, 388
114, 467 386, 174

62,536
74, 230
69, 195
66, 391

119, 744
236, 052
178, 583
111, 408

311, 889 1, 033, 466
468,903
940,563
446, 991
679, 369
564, 775
451, 894

820, 652
740, 366
626, 092
864, 562

776, 325
834, 479
630, 628
815, 830

77, 212
65, 809
49, 536
57,919

115, 394
110, 933
131, 212
116, 516

408, 401
438, 584
444, 804
521, 682

569, 883
767, 634
889, 110
730, 979

638, 562
627, 799
782, 185
749, 534

70, 674
66,963
106, 503
111, 803

133, 524
128, 243
132, 762
129, 813

540, 212
857, 478
514, 307 , 020, 948
637, 602 1, 125, 767
649, 599 1, 356, 179

805, 824
896, 638

786, 991
761, 630

112, 210
128, 255
152, 143

129, 587
148, 999
146, 476

493, 067 , 243, 476
539, 810 , 365, 690
518, 956 1, 139, 205

677, 861
683,664
877, 401
872, 336

(quarterly)

Indoor

Outdoor

Single-pole
units

Dollars

243, 652

May
June
July
August

1929
January
February
March
April

tension

Shipments

$167, 287
221, 504
216, 787 10 $71, 607 i°$217,346 "$131,171
234, 514
153, 779 35, 091 $723, 692
125, 447
90,371 151, 503 43, 497
252, 968
661, 358
77, 036
142, 807
651, 948
238, 982

1927
January
February
March
__
April

May _
June
July ._
4ugust

High

POWER
SWITCHING
EQUIPMENT
8

13, 305
13, 389

Shipments

Number of
pieces

VULCANIZED
FIBER 7

•^2
Ho

%£
j2o

INDUSTRIAL
REFLECTORS 8

ELECTRICAL
TRADE •

Delinquent
accounts
Sales

Units

Dollars

No. of
firms

"$225,106 " 1, 518
202, 557 1,625
1,497
201, 689
186, 770 1, 518
1,547
196, 747
1,499
179, 179
2,879 « 147, 498
1,518
187, 018
2,404
127,886
1,339
171, 557

11, 948 u 1,457, 461
2, 254, 198
16, 417

$902
743

2, 258, 668
2, 055, 172
2, 093, 021
1, 960, 806

795
732
919
796

2,939
2,371
3,002
2,701

146, 152
122, 359
135, 084
115, 111

180, 048
206, 283
242, 606
247, 479

1,397
1,505
2,040
1,936

2, 332, 608
2, 285, 533
1, 936, 639
2, 645, 760

734
736
719
731

2,465
2,570
2,256
2,461

123, 080
117, 156
107, 384
120, 353

177, 403
175, 069
201, 183
166, 683

1,442
1,526
1,427
1,585

2, 228, 162
2, 577, 732
2, 728, 841
1, 947, 433

739
748
667
596

1,896
2,030
1,929
2,231

125, 802
140, 346
141, 392
140, 415

145, 031
156, 606
148, 358
197, 462

1,320
1,365
1,286
1,381

2, 139, 038
2, 715, 105
3, 166, 488
2, 518, 077

663
685
662
621

2,355
2,442
2,965
2,700

137, 417
118, 363
137, 102
107, 801

184, 500
184, 688
213, 043
173,482

1,361
1,407
1,769
1,485

2, 763, 094
2, 779, 032
2, 769, 866
3, 049, 567

662
626
561
591

3,092
3,098
2,606
2,805

109,804
117, 104
115, 929
122,124

196, 243
165, 775
151, 476
167, 136

1,488
1,291
1,191
1,384

2, 915, 560
3,123,321
3, 071, 288

568
649
585

2,362
2,971
2,731

126, 151
156,243
163, 491

141, 101
163,281
147, 737
170,226

1,223
1,257
1,107
1,107

15, 208

17,500

14, 409

17, 407

12, 039

16, 127

11,901

14, 634

12, 267

OUTLET
BOXES
AND
COVERS 6

Consumption

Stand- Special
ard

New
orders

ELECTRIC
MOTORS *
(direct current)

Shipments

Shipments

YEAR AND
MONTH

1921
1922
1923
1924
1925
1926
1927
1928

LAMINATED
PHENOLIC
PRODUCTS 3

ELECTRICAL
PORCELAIN 2

ELECTRIC
GOODS
(Qtly.)1

14,234

.

May
June
1
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, p. 47.
2
Compiled by the National Electrical Manufacturers' Association, from reports of 12 firms estimated to produce 50 to 60 per cent of all standard porcelain (8 firms) 15
to 20 per cent of special porcelain (12 firms), and 10 per cent of high-tension porcelain (3 firms), except that beginning with July, 1927, a much larger proportion of the hightension
output is included.
3
Compiled by the National Electrical Manufacturers' Association. This product is sold mostly in sheets, tubes, and cut panels and includes some material for noiseless
automobile gears.
* Compiled by the National Electrical Manufacturers' Association, and comprise large power direct current electric motors of from 1 to 200 horsepower, inclusive, built
in general
purpose motor, frames including control equipment sold with motors. The data are estimated to represent about 85 per cent of the output of these kinds of motors.
5
Compiled by the National Electrical Manufacturers' Association from reports of 10 firms estimated to represent about 90 per cent of the output of this product.
6
Compiled by the National Electrical Manufacturers' Association from reports of 6 firms estimated to represent 75 per cent of the output of this product.
? Compiled by the National Electrical Manufacturers' Association. Shipments are exclusive of intercompany sales. Consumption represents total vulcanised fiber
paper,
both sheet and tube.
8
Compiled by the National Electrical Manufacturers' Association from reports of 5 companies estimated to represent 85 per cent of the output of the product. Details by kind of reflector and wattage are given in the association's monthly reports. The reflectors shown here are only for industrial use, but most of them can be used
either
indoors or outdoors.
9
Compiled by the National Electrical Credit Association from reports to its constituent regional associations by electrical manufacturers and jobbers. Monthly data
from10 1921 appeared in the May, 1924, issue (No. 33), p. 206.
6 months' average.
11
5 months' average.
12
7 months' average.
13
9
months' average.

14
11 months' average, February to December, inclusive.
http://fraser.stlouisfed.org/
» No data available. Data beginning with July, 1927, are not comparable with previous figures, due to the inclusion of additional firms.

Federal Reserve Bank of St. Louis

46

Table 25.—ELECTRICAL PRODUCTS
POWER
CABLES

FLEXIBLE
CORDS

ELECTRICAL
PORCELAIN

WELDING
SETS

Shipments

New orders

YEAR AND Ship- Ship- Stocks,
end of Glazed UnMONTH
ments ments month
nail glazed
nail Tubes
knobs knobs

PANEL
B'DS
AND
CABINETS

NONMETAL- ELECTRIC
LIC
FURCONDUITS NACES

RADIO EQUIPMENT '
MANF»D
MICA
Stocks, dealers', end of quarter

Un-

Single
operat.

Tubes

fillMul- Shiped
Ship- ordtiple ments Ship- New
ordop- (Qtly.) ments ers m'ts ers
erat.
end

Receiving
sets

Loud Batspeak- terers
ries

mo.

Thousands of feet

1926 mo. av.
1927 mo. av.
1928 mo. av.

1937
September
October
November
"DpicftTTihpr

Thous. Thous. Kilo- Thousands
of
of
of
watts
dollars
feet
dols.

Units

Thousands of pieces

a 44, 193 3 51, 631

* 2, 675 * 1, 177 * 1, 326

134
135

11
15

46,632
52, 494
55, 603
37,764

51, 091
47, 566
46, 332
46, 222

755
1,897
660
879 1,273
2,945
2,134 1,092 1,361
794 1,383
3,201

133
153
123
129

26
37
11
11

1928
January
February
March.
April

1,710
1,611
1,770
1,860

35, 082
37, 279
42, 390
37, 853

51, 396
47, 277
44, 958
44, 751

3,363 1,091 1,127
975
2,441 1,070
1,297 1,381 1,087
953 1,155
2,207

128
172
285
239

7
21
31
28

May
June
July
August

2,130
1,947
1,738
2,138

41, 357
37, 803
37, 328
51, 062

45, 145
46, 882
46, 411
47, 351

2,172
2,597
4,079
4,328

873
1,239
3,237
2,542

238
206
294
228

11
2
10
8

September. _ 2,197
2,384
October
November- 2,405
December

43, 854
54,973
63, 726

44, 193
43, 214
39, 013

4, 213 2,796 2,694
5,257 3,042 2,807
5, 350 2,644 3,111

234
297
218

7
58
24

1,557
1,349
2,065
2, 401

Socket
power Reunits ceiving

Rectifying

Number of pieces

$812

9,487

680,635 572,483 5338,433 545,543 5580,825 538,011

865

9,235
9,614
9,017
6,735

72, 908 67, 141 298, 376 41, 332 523,839 36, 208

821

917

1,205

1,357

88,362 77, 825 378, 489 49,753 637, 810 39, 813

8,085
6,755
8,270
7,860

2,937
3,892
5,967
5,131

8,939
7,645
6,373
6,960

5,668
4,958
4,861
6,493

279
270
265
283

196
305
304
290

7,376
8,804
7,543

4, 226
4,719
7,171

247
302
267

285
326
244

$309 $310
246 335

80, 751 71, 078 309, 682 39, 912 643, 539 40,646

52, 877 42,158 177, 505 19, 696 401, 654 26, 461

90,486 67, 265 293,000 25, 206 683, 984 43, 766

1929
January
February
March
April
May
June

1 Compiled by the National Electrical Manufacturers' Association, except for data on radio equipment. Data on paper-insulated, lead-covered power cables are reported
by 9 companies, representing about 90 per cent of the industry, details by voltage being given in the association reports. Data on flexible cords are reported by 16
companies, representing about 75 per cent of the industry; details by sizes are presented in the association's reports. Data on electrical porcelain are furnished by 14
companies, representing about 75 per cent of the industry; details by package sizes, with price range and averages, are presented in the association's reports. Data on
welding sets are furnished by 6 companies, representing about 90 per cent of the industry; no monthly figures are available for 1926. Details of single-operator variable
voltage sets by ampere capacities are presented in the association's reports as well as the total ampere capacity of the multiple operator constant-potential sets. Data on
panelboards and cabinets are reported by 9 companies, representing about 80 per cent of the industry. Data on nonmetallic conduits are furnished by 10 companies,, repre •
senting about 90 per cent of the industry. Electric-furnace data are reported by 9 companies, representing about 90 per cent of the industry; these furnaces are for industrial use only, and are shown in number and value, classified, in the association's reports. Data on manufactured mica are reported by 6 companies, representing about
8
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, in cooperation with the National Electrical Manufacturers' Assodationf
from reports of about 7,500 retail dealers each quarter. Further details and segregation by States are shown in press releases. Similar data covering jobbers' stocks are also
given in press releases of the bureau.
3 6 months' average.
< 11 months' average.
«Average for 2 quarters.




NUMBER OF ELECTRIC FANS SOLD *
Domestic

YEAR

1916
1917
1918
1919
1920
1921
1922 2
1

.

270, 604
386, 314
576, 934
583, 964
704, 494
494, 740
547, 454

YEAR

Export
31, 860
44, 231
43, 749
48, 631
103, 757
36, 801
41, 899

1923 2 __
1924 2.
1925 2
1926 2
1927 2
1928 2

Domestic

__
...

_

Compiled by the National Electrical Manufacturers' Association, Fan Motor Section.
2 For "fan-year" ending Sept. 30 of year indicated.

_.
._

657, 570
639, 617
881, 025
744, 053
610, 610
596, 787

Export
42,699
65, 698
37, 676
46,394
52,964
55, 313

47

Table 26.—TIN, ZINC, AND LEAD *
TOP

Stocks, end of
month
YEAE AND
MONTH

Deliveries World
visible

U.S.

LEAD 3

ZINC «

Imports,
bars,
blocks,
etc.

Price,
Straits
(New
York)*

Ore
Retorts Proshipin oper- duction Stocks
at re- ments,
ation, (total fineries,
Joplin
end of primonth mary) endimo. district

Dolls,
per Ib. Number

Long tons
1913 mo. av
1914 mo. av
1915 mo. av
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av
1920 mo. av

3,658
3,475
4,063
4,685
4,823
4,862
2,692
4,260

12, 377
14,907
15, 208
18,586
18, 803
13,894
12,890
19, 726

1,854
1,700
2,079
3,331
2,284
286
1,630
3,322

3,880 $0.4432
3,536
.3570
4,302
.3866
5,137
.4348
5,344
.6165
5,302
.8680
3,337
.6554
4,689
.5036

1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
1928 mo. av

2,156
4,788
5,846
5,344
6,371
6,504
6,041
6,572

19, 697
24,683
21,740
21,254
19,538
15, 386
14, 925
18, 393

2,351
2,482
2,667
3,251
2,890
2,164
2,101
2,763

2,016
5,016
5,745
5,422
6,386
6,424
5,934
6,709

1927
January
February
March
April

6,295
5,965
6,545
6,720

15, 342
14, 221
15, 441
13, 849

3,304
2,484
1,709
1,704

May
June
July
August

6,070
5,735
5,950
6,895

14, 655
15, 638
15, 377
14, 487

September
October
November
December.. __

6,110
6,005
5,665
4,535

1938
January
February
March
April

Ore shipments
Stocks, Price,
Ore Price,
Re- U.S. pig, destocks, prime Proand silverceipts
Joplin west- ducU.S. Mexico, ized
district, ern (St.5 tion Joplin Utah in ore
end
(New
end mo. Louis)
district
mo. York)'
Dolls,
perlb.

Short tons

Dolls,
per Ib.

Short tons

$0. 0550
.0506
.1306
.1264
.0873
.0789
.0699

105, 684
94,468
156, 568
204, 693
136, 639
123, 033
100, 830
89, 737

28, 890
29, 420
40, 793
55, 621
55, 798
43, 160
38, 250
39, 981

40, 659
20,095
14, 253
17, 598
53,721
41, 241
37, 485
40, 443

22, 449
20, 139
23,530
28,996
33, 546
29,362
33, 622
46, 461

.3000
.3258
.4271
.5020
.5790
.6530
.6437
.5043

36, 623
57, 007
84, 634
76, 748
87, 062
87, 105
79,561
66, 505

17, 968
31, 140
44, 267
44, 654
49, 244
53,211
51, 129
51, 633

79, 394
36, 385
20,042
39, 226
15, 720
20, 501
37, 560
44, 336

26, 192
44,426
58,126
60, 965
67, 767
70,072
57, 420
49, 782

68,063
58,649
42,003
25, 521
23,544
29, 602
44, 550

.0466
.0572
.0669
.0634
.0762
.0734
.0624
.0603

31, 381
39, 436
44, 768
51, 980
56,503
59, 012
57, 273

5,700
7,805
7,522
8,336
10, 774
10, 865
8,675
8,224

21, 181
32, 152
43, 349
48, 459
67, 586
65,532
68, 529
71, 151

30, 692
36,317
44, 231
47, 755
53,902
56,503
55, 010

102, 046
100,706
116, 069
156, 878

7,966
4,704
5,946
6,228

.6647
.6906
.6931
.6802

88,908
85,836
83, 208
81,096

56, 898
51, 341
56,546
51,626

29, 912
32, 938
36, 279
41, 208

69, 835
46, 603
69, 125
71, 077

25, 515
29, 202
18, 538
21, 536

.0666
.0667
.0669
.0634

59,383
54, 151
61, 128
60, 193

10, 812
7,448
10, 164
12, 602

64, 768
61, 305
66,358
76, 452

56, 345
51, 722
58, 364
60, 134

134, 682
139, 824
145, 766
160,437

.0758
.0742
.0758
.0713

1,604
1,519
1,984
2,201

6,029
5,139
5,682
8,560

.6752
.6742
.6406
.6447

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
.0668

15,083
14, 684
14, 594
15, 733

1,973
3,158
2,003
1,573

4,938
7,179
4,876
3,958

.6149
.5850
.5763
.5849

74, 435
76, 067
76, 627
77,084

47, 735
50,185
49, 217
52, 347

34, 277
36,223
39, 320
40, 751

55, 308
76, 430
49, 830
54,586

28,806
29, 776
39, 296
43, 147

.0621
.0600
.0575
.0572

53, 204
56, 134
57, 703
56, 812

6,439
7,864
8,207
13, 079

80, 362
66, 157
70, 752
83, 003

50,995
53,017
57,035
57, 027

160, 134
155, 868
155, 568
156, 280

.0630
.0625
.0626
.0650

5,415
5,790
7,960
7,010

15, 244
17, 645
15, 586
15,001

2,518
1,998
2,078
1,973

5,727
5,992
8,138
9,494

.5564
.5249
.5218
.5236

72, 204
72, 444
71, 252
72, 522

52, 414
50, 042
55, 881
53,493

42,163
41, 290
41, 529
44, 759

37, 612
47, 217
47, 972
51, 579

49, 905
52, 398
59, 746
49, 097

.0564
.0555
.0562
.0576

54, 406
54,991
58,031
50, 115

7,463
6,665
6,424
6,438

75, 855
72, 264
77, 054
58,401

55, 970
54, 021
52,150
47, 939

157, 417
167, 692
173, 411
161, 207

.0650
.0633
.0600
.0610

May
June
July
August

5,335
6,950
5,545
7,200

17,064
16, 231
18, 022
18,456

3,708
2,148
2,878
1,718

7,045
5,050
4,772
6,584

.5154
.4794
.4704
.4801

70, 260
65, 680
62, 384
66,428

53,422
50, 825
50,890
52, 157

45, 225
44, 468
42, 210
44, 416

50,630
64, 531
43, 227
43, 466

41, 747
32, 266
31, 679
39, 303

.0603
.0616
.0620
.0625

51, 481
51, 501
48, 671
53, 403

6,352
13, 277
6,623
6,125

61,790 53, 991
77, 074 54,185
56, 395 49,305
78, 811 53, 575

159, 375
163, 709
158, 919
156, 976

.0612
.0630
.0622
.0625'

September
October
November
December

6,885
6,475
7,145
7,155

19, 924
20,907
22,067
24, 563

3,508 , 8,187
4,598
8,048
6,221
3,603
2,428
5,250

.4807
.4897
.5075
.5019

61, 965
59, 832
61,544
61,544

49, 361
50, 259
50,260
50,591

47, 915
46,068
46,542
45,441

41,429
41, 165
49r 246
79,308

48, 474
53, 209
51, 013
25,760

.0625
.0625
.0626
.0635

55, 167
58, 118
59, 698

9,326
10, 514
9,102
10, 374

65, 353
71, 887
91, 538
67, 395

51, 978
55,610
55, 660

155, 482
152, 746
157, 482

.0645
.0650
.0639
.0650

$0.0437
.0386
.0467
.0686
.0879
.0750
.0576
.0796

3,936
3 464
3 734
4,496
5,264
5,561
5,683
7,800 8 38, 938

.0775

.0454
.0573
.0727
.0810
.0902
.0842
.0676
.0631

1929
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,
pp. 52 to 59, except for price of Straits tin, which appeared in the June, 1928, issue (No. 82), p. 23.
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,
with a fifth week added in certain months, this accounting for most of the larger fluctuations. Details by districts are given in the bureau's reports.
* Compiled by the American Metal Market, representing average weekly price of Straits tin at New York.

8
8 Averages of daily prices from the Engineering and Mining Journal-Press; prices on lead are at New York and on zinc at St. Louis.
http://fraser.stlouisfed.org/
5 months' average, August to December, inclusive.
Federal Reserve Bank of St. Louis

48

YEAR AND
MONTH

1924 monthly
1925 monthly
1926 monthly
1927 monthly
1928 monthly

average
average. . _
average
average
average. __

BABBITT
METAL i

BAND INSTRUMENTS2

Consumption

Shipments

Sale
Total Direct
to
by conap- propar- duc- sument
ers
ers

CupSaxo- Wood
Total mouth- phones
wind
piece

Thousands of pounds

Dollars

1,177
1,282
1,092
1,028

4,575
4,213
3,917
3,945

1936
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

1937
January
February __
Ivfarch
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
526, 181
398, 509

143, 893
160, 558
178, 680
148, 240

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

377, 282
369, 646
346, 627
410, 474

4,792
September
5,115
October
November _ __ _ __ _ 4,506
4,466
December

676
1,255
1,186
1,296

4,117
3,860
3,320
3,170

1938
January
__ __
February
March
April

4,929
4,470
4,928
4,843

894
1,027
1,025
1,118

4,607

May _
June
July
August

September
October
November
DeneTnher

1939
January
February
March
April
May
June

Pails and tubs

7588,513 7206,113 7365,634 717,100
587, 589 219, 151 350, 817 19, 287
544, 377 201, 623 319, 358 23,396
454, 8^3 169, 082 260, 892 24, 879
401, 834 163, 659 206, 158 32, 018

5,752
5,495
5,009
4,973

GALVANIZED SHEET
METAL WARE s

Production

Other

PORCELAIN ENAMELED FLATWARES

New orders Shipments

Ratio
Ship- Ship- Quan- to Quan- Ratio to
ments ments tity ca- tity capacity
pacity
Thous. Per Thous.
Dozens of pieces
of sq. cent of sq. Per cent
feet
feet
1

Shipments

Production

119, 159 118, 806
139, 060 140, 680

44, 675
35, 423

43, 291
35, 097

28, 037
33, 109
28,455
27,504

135, 572
143, 038
114,844
118, 525

140, 491
140, 778
88,520
101, 356

42, 219
38,847
32, 865
31, 393

43,060
41, 295
31,321
22, 025

240, 763
289, 347
319, 005
229,129

23,120
24, 397
28, 496
21, 140

131, 006
138, 788
202, 393
183, 812

141, 817
165, 707
182, 692
198, 711

31, 019
39, 018
32, 942
30, 423

32, 082
36, 123
30, 980
33, 785

140, 272
158, 137
130, 642
162, 971

213, 695
192, 042
196, 490
228, 463

23, 315
19, 467
19, 495
19, 040

159, 178
110, 909
124, 264
133, 309

133, 387
119, 724
128, 816
148, 148

33, Oil
48, 849
30, 712
44, 632

495, 307
550, 345
563, 667
538, 116

182, 209
216, 526
201, 341
205, 514

287, 667
299, 785
327, 470
306, 847

25,431
34, 034
34, 856
25, 755

127, 608
151, 495
112, 690
93, 273

127, 530
141, 101
110,275
90, 254

4,034
3,444
3,903
3,725

283, 049
411,978
445, 709
367, 687

114, 059
156, 153
164, 609
143, 424

146, 786
227, 193
254,485
202, 208

22, 204
28, 632
26, 615
22, 055

125,
177,
173,
208,

536
822
592
544

4,693
4,756

1,028
1,106
900
939

3, 578
3,625
3,793
3,817

350, 366
345, 169
266, 219
325, 688

149, 901
148, 148
110, 104
147, 470

174, 561
168, 420
134, 350
161, 034

25, 904
28, 601
21, 765
17,184

5,308
5,796
5,630
4, 986

999
1,191
1,274
837

4,309
4,605
4,357
4,149

448, 155
579, 715
469, 884
528, 391

188, 711
244, 512
197, 028
199, 785

216, 481
270, 407
242, 561
275, 400

42, 963
64, 786
30, 295
53, 206

_- 4,731

ENAMELED
SHEET
METAL
WARE <

HOUSEHOLD
WARE«

Table 27.—MISCELLANEOUS METAL PRODUCTS

326, 411

8 6, 789 853
5,884
47
6,092
48

81
79
83

s 6, 257 852
51
6,329
6,402
50

6,236
7,790
4,995
6,051

50
61
39
48

6,282
7,015
6,922
6,436

50
55
54
51

80
86
74
85

350, 748
372, 452
440, 689
337, 181

6,760
6,136
7,571
5,586

53
49
59
45

5,942
5,993
7,567
6,596

47
47
59
52

79
80
78
79

29,900
46, 357
31, 832
48, 291

318, 071
292, 048
248, 599
329, 843

5,285
5,907
4,668
5,285

42
47
37
43

6,253
6,749
6,040
5,937

49
53
48
47

80
80

37, 776
39, 006
35, 602
22,090

44,852
41, 368
28, 578
17, 013

310, 823
322, 081
287, 115
307, 280

6,129
9,578
5,308
4,895

48
63
43
44

6,849
6,889
6,394
5,609

53
54
50
44

786

149, 304
176, 125
175, 472
201, 119

32, 678
31,609
50, 904
31, 545

35, 689
29, 085
45, 205
36, 452

319, 871
372, 848
442, 689
351, 034

5,421
5,378
7,024
5,430

45
45
59
45

5,473
5,824
6,526
6,219

46
49
54
52

884

177, 170
141, 448
114, 343
127, 797

155, 561
144, 385
121, 415
142, 487

39, 206
48, 038
61, 688
37, 846

35, 143
44, 833
47, 856
44, 377

348, 661
299, 078
277, 684
358, 811

5,628
5,477
4,457
6,233

47
49
40
55

6,924
5,322
4,665
5,495

58
47
41
49

84

150, 845
153, 813
131, 792

139, 183
152, 258
103,290

55, 850
56, 469
33, 553

50, 606
54,596
34, 012

352, 484
417, 387
322, 875

6,551
7,428

58
66

6,108
7,700

54
68

88

78
82

•
l
t
II

1
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 31 firms, comprising a large part of the industry. Consumption is calculated
from sales by manufacturers and consumption by those firms (among them several important railroad systems) which consume their own production. These figures
include
all white-base friction bearing metals.
2
Compiled by the Band Instrument Manufacturers' Association, representing 64 per cent of the total output of wind instruments in 1925, according to the census of
manufactures.
3 Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 12 firms , including data from the Sheet Metal Ware Association. The galvanized ware included here is the product resulting from dipping made-up shapes in molten zinc and not utensils of galvanized sheets. It is classified as follows: (a) Pails and
tubs include well buckets, cement pails, sap pails, stock pails, fire pails, water pails, and washtubs, but not pails for shipping food or candy, food-container pails, etc.
(6) Other galvanized ware includes steel baskets (but not wash boilers), ash and garbage cans, stable and street-cleaning cans, coal hods (including japanned hods), feed—
measures,
dry measures (including japanned), refrigerator pans, watering pots, oil and gasoline cans, chamber pails, and ash and garbage-can covers.
4
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 18 manufacturers, comprising approximately 80 per cent of the industry*
These reports include cooking, household, and hospital utensils having a vitreous coat on a steel sheet or iron base, and exclude equipment such as stoves, heaters, signs,
etc. 6 Details by class (white, gray, or colored), giving values, are shown in monthly press releases.
Compiled by the Porcelain Enamel Manufacturers Association, from reports of 11 manufacturers of porcelain flatware, such as kitchen table tops, tub covers, outd9or
advertising signs (of which 3 classes these figures are estimated to represent about 85 per cent of the industry's capacity), refrigerator linings, stove parts, etc. (for which
classes these figures are estimated to represent from 70 to 75 per cent of the industry's capacity outside of stove and refrigerator manufacturers with their own enameling
plants).
The unit of measurement for these operations is the number of square feet of sheet metal passed through the furnace once.
e
Compiled by the Enamelist Publishing Co. from trade reports on the wet-process vitreous enamel industry, covering stoves, kitchen ware, scales, refrigerator linings,
etc.; 7reports are from about 350 furnaces, representing about 90 per cent of the industry.
 6 months' average, July to December, inclusive.
8
4 months' average.


49
28.—AUTOMOBILES
EXPORTS '

PRODUCTION i
United States

Total

Passenger
cars

Trucks

Total

Passenger Trucks
Total
cars

40, 417
47, 421
80, 828
134, 809
156, 162
97, 557
161, 133
185, 612

38, 458
45, 307
74, 661
127, 132
145, 483
78, 620
138, 138
158, 797

1,958
2,115
6,167
7,678
10, 680
18, 938
22, 995
26, 816

1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av
1926 monthly av
1927 monthly av
1928 monthly av

133, 069
212, 015
336, 168
300, 212
355, 486
358, 411
283, 444
363, 115

121, 093
191, 910
304, 261
267, 500
314, 083
318, 264
245,550
318, 884

11, 976
20, 104
31, 907
32, 711
41, 403
40, 148
37, 894
44, 231

8,504
12, 203
11, 271
13, 498
17, 061
14, 869
20, 199

5,091
7,909
10, 769
9,814
11, 298
13, 738
12, 182
16, 395

1927
January .
February
March
April

238, 908
304, 735
394, 513
406, 382

199, 650
264, 171
346, 031
358, 682

39, 258
40,564
48, 482
47,700

15, 376
18, 655
22, 623
24, 611

May
June
July
August.

405, 648
323, 817
269, 396
309, 994

358, 725
280, 620
237, 811
275, 585

46, 923
43, 197
31, 585
34, 409

260, 310
219, 682
134, 370
133, 571

226, 443
184, 042
109, 758
106, 083

1938
January
February
March
April

231, 728
323, 796
413, 327
410, 104

May
June
July
August

_

September
October
November
December_-

. _.j

September
October.
November
December

._

Acces-

sories
Pasand
senger Trucks parts
cars

Sales

PasTotal senger Trucks
cars

Thous.
ofdols.

Number of cars
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av
1920 monthly av

Complete or chassis

United States

Canada

Complete or chassis

YEAR AND MONTH

Canada

GENERAL
MOTORS
CORP.s

To
dealers

To
users

Number of cars

1,912
1,918

500
468
1,123
1,048
791
694
1,633
1,506

*226
279
412

3, 255
3,192
4,915
6,147
6,693
6,991
8,642
11,948

894
3,163
5,827
4,721
6,182
6,194
4,785
6,646

775
2,950
4,790
3,657
4,834
4,469
3,325
4,664

118
214
1,037
1,064
1,349
1,725
1,460
1,981

38, 064
66,546
48, 945
69, 659
102, 904
130, 229

37, 195
60, 940
54, 797
68, 921
101, 319
129, 548

7,704
10, 120
7,714
11, 863

7,411
7,991
10, 438
10, 609

7,466
5,308
9,072
4,075

5,296
3,597
6,512
2,930

2,170
1,711
2,560
1,145

99, 367
124, 426
161, 910
169, 067

81, 010
102, 025
146, 275
180, 106

30, 658
20, 820
19, 398
23, 295

10, 533
6,814
9,206
8,766

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

173, 182
155, 525
136, 909
155, 604

171, 364
159, 701
134, 749
158, 619

26, 273
27, 718
31, 401
23,609

19, 033
19, 366
21, 402
16, 473

7,240
8,352
9,999
7,136

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

140, 607
128, 459
57, 621
60, 071

132, 596
153, 833
80, 539
53, 760

1,758
2,189
2,246
3,694

32,060
33, 952
49, 974
42, 269

20, 476
25, 114
40, 181
33,644

11,584
8,838
9,793
8,625

7,489
9,570
12, 157
12, 466

3,502
4,111
3,557
3,996

1,838
2,628
2,686
2,957

1,664
1,483
871
1,039

125, 181
169, 232
197, 821
197, 597

107, 278
132, 029
183, 706
209, 367

29,764
25, 341
20,122
24,274

4,178
3,058
5,104
6,971

47, 912
47, 171
51, 679
49,007

38, 851
36, 038
38,880
32,815

9,061
11, 133
12,790
16, 192

11, 491
11, 838
12, 571
13, 858

6,157
5,589
8,021
11, Oil

4,511
4,431
6,545
7,985

1,646
1,158
1,476
3,026

207, 325
186, 160
169, 473
186, 653

224,094
206, 259
177, 728
187,463

16, 572
13, 016
8,154
6,734

4,621
5,520
3,615
2,691

30, 559
46,524
46, 893
29, 954

22, 494 8,06529,951 16, 573
29, 684 17, 209
20,945 9,009

10, 079
17, 523
13, 150
11, 182

8,670
9,705
8,783
6,646

6,279
6,696
4,906
4,510

2,391
3,009
3,877
2,136

167, 460
120, 876
47, 587

148, 784
140, 883
91, 410

2,241
2,147
5,330
6,737
6,686
3,937
6,894
14, 304

2,157
1,861
3,489
5,160
5,480
3,078
5,595
11, 876

84
286
1,841
1,577
1,207
859
1,299
2,428

$523
472
1,389
2,001
2,635
2,801
3,547
7,183

« 297
596
1,434
1,457
2,200
3,323
2,687
3,804

3,203
6,520
12, 658
14, 894
25, 244
25, 452
32, 016
42, 330

2,579
5,566
10, 586
12, 615
20, 359
19, 878
23,229
30, 756

623
954
2,072
2,279
4,885
5,573
8,787
11, 573

11, 745
14,826
19, 089
20, 890

3,631
3,829
3,534
3,721

29, 826
31, 475
37, 700
46, 703

22, 122
21, 355
29, 986
34, 840

25, 708
19, 208
10, 987
12, 526

21, 991
16, 470
8,719
10, 139

3,717
2,738
2,268
2,387

41, 191
27, 634
28, 604
32, 061

33, 867
36, 640
24, 612
27, 488

11, 262
7,748
6,617
3,106

8,681
6,225
5,173
2,234

2,581
1,523
1,444
872

205, 646
291, 151
371, 821
364, 877

26, 082
32, 645
41,506
45, 227

8,463
12, 504
17, 469
24,211

6,705
10, 315
15,223
20, 517

425, 783
396, 796
392, 076
461, 298

375, 863
356, 622
338, 792
400, 593

49, 920
40, 174
53,284
60, 705

33, 942
28, 399
25, 226
31,245

415, 294
397, 112
256, 935
233, 135

358, 872
339, 976
217, 256
205, 144

56, 422
57, 136
39, 679
27, 991

21, 193
18, 536
11, 769
9,425

1,460
1,510
3,245
4,638
7,885
6,257
6,661
6,970

1929
January..
February
March
April.
Mi ay
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,
issue (No. 70), p. 22, except for Canadian passenger cars, for which data prior to 1922 were compiled by Babson's Statistical Organization from reports of companies estimated
to represent 90 per cent of the output, and which appeared in the April, 1928, issue (No. 80), p. 18.
2 Automobile exports compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3 Data supplied by the General Motors Corporation to show the relation between sales by the company to retail dealers and by these dealers to users. These data are
based on sales of Chevrolet, Pontiac, Oldsmobile, Oakland, Buick, and Cadillac cars, the Chevrolet commercial cars and trucks, and cars, trucks, and tractors not now
manufactured, including through April, 1925, the G. M. C. trucks, which were then transferred to another manufacturing unit. Monthly data from 1922 appeared in the
July, 1926, issue (No. 59), p. 25.
* 9 months' average, April to December, inclusive.

s 6 months' average, July to December, inclusive.



50

Table 29.—MOTOR VEHICLES
ELECTRIC
INDUSTRIAL
TRUCKS AND
TRACTORS 2

NEW PASSENGER-CAR REGISTRATIONS
(by price groups) 1

AUTOMOBILE
RIMS 3

AUTOMOBILE
ACCESSORIES *

FIRE-EXTINGUISHING
EQUIPMENT «

Shipments

Shipments

Shipments
YEAR AND
MONTH

Total

Highest
price

Second Third
highest highest

Lowest
price

Miscellaneous

Number of vehicles

Number of cars

1922
1923
1924
1925
1926
1927
1928

Domestic
ExTrac- All ports
tors other

Production

Thous.
of rims

245, 315
262, 983
218, 628

7,113
10, 677
9,273

47, 295
53,031
53, 314

39, 586
52, 232
55, 188

147, 531
145, 364
99, 651

3,790
1, 677
1,202

16
16
11
9

93
94
83
101

11
8
11
12

1,358
1,929
1,822
2,167
2,017
1,668
2,020

1926
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

213, 151
173, 312
189, 591
168, 920

2,928
2,246
2,227
1,749

12
21
15
14

87
104
95
81

9
19
1
2

September
October
November.
December

258, 431
238, 328
161, 013
130, 336

9,994
9,702
6,956
5,457

57, 079
51, 104
32, 695
26, 789

48, 093
45, 507
31, 988
25, 979

141, 811
130, 650
88, 430
71, 032

1,424
1,365
944
1,079

10
18
18
18

82
97
86
95

1937
January
February
March
April

175,
180,
261,
331,

273
396
111
396

5,146
5,358
10, 241
13,720

34, 190
34, 162
57, 728
76, 127

34, 397
37, 394
56. 990
76, 306

100, 042
102, 250
134, 587
163, 308

1,498
1,232
1,565
1, 935

6
11
10
12

May
June__
July
August

318, 479
266, 291
251, 709
245, 159

11, 622
10, 367
9,769
9,881

69, 356
61, 924
65, 749
75, 046

73, 477
66, 449
67, 807
72, 768

162, 458
126, 273
107, 077
86, 205

1,566
1,278
1,307
1,259

September
October _
November. __ _
December

185, 921
186, 127
132, 487
89, 189

9,274
10, 675
7,973
7,253

55, 485
48, 859
34, 860
26, 280

57, 975
53, 939
37, 951
26, 805

62, 239
71, 759
51, 093
28, 515

1938
January
February
MarchApril

135, 843
165, 256
254, 723
332, 056

6,817
7,436
11, 370
14, 705

32, 515
34, 542
53, 461
71, 050

43, 330
50,004
76, 360
99, 201

May
June...
July
August _

351, 332
317, 032
324, 021
329, 827

14, 642
11, 648
11, 310
11, 482

72, 993
64,480
67,902
76, 968

September
October
November
December. .

271, 782
284, 656
212, 065

11,600
12, 264
7,950

60, 730
56, 936
35, 084

mo.
mo.
mo.
mo.
mo.
mo.
mo.

av
av
av
av
av
av_
av

TS-

MoReServtor
place- Acice
vehiequip- ment cessoequipment parts ries ment cles

Relative to January, 1925

Hand
types

Number

156
139
151

120
124
135

153
131
112

124
156
155

128
127
120
109

51, 581
51, 210
49,049
46, 440

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

5
17
19
5

2,366
1,829
1,211
1,096

151
125
79
95

120
116
94
109

126
109
83
64

165
145
119
112

131
154
139
139

49, 486
45, 075
44, 188
41, 432

67
120
96
89

17
7
10
4

1,489
1,753
2,072
2,060

132
158
195
185

107
100
120
117

79
93
135
156

140
155
210
223

93
92
128
125

47, 354
47, 302
50, 301
47, 850

19
20
12
3

77
97
73
87

10
23
5
2

2,169
1,877
1,680
1,826

184
176
148
155

123
130
142
169

131
132
97
115

192
171
136
134

133
147
118
143

56, 548
58, 522
46, 285
48, 101

948
895
610
336

8
11
15
8

66
81
64
77

5
17
19
11

1,727
1,385
839
1,134

139
124
99
111

181
174
132
126

163
103
75
61

127
120
143
104

122
108
111
114

46, 255
48, 472
43, 723
47, 870

52, 630
72, 670
112,820
146, 282

551
604
712
818

5
15
18,
9

98
86
95
121

9
18
16
6

1, 812
1,806
2,420
2,316

163
187
231
213

137
128
136
151

79
91
113
107

142
158
174
164

73
91
108
101

43, 175
40, 710
52, 375
46, 643

102, 890
90, 176
84, 248
76, 158

159, 926
150, 028
159, 916
164, 682

881
700
645
537

8
6
5
5

93
96
87
85

13
14
15
6

2,186
2, 429
2,210
2,319

215
200
203
230

183
150
148
176

113
110
112
147

157
140
120
148

107
97
105
125

55, 033
48, 123
48, 897
47, 490

61, 579
59, 451
52, 294

137, 403
155, 514
115, 981

470
491
756

11
5
9
10

102
109
117
125

5
20
6
17

2,316
2,115
1,213
1,101

218
200
163

185
184
149

122
91
78

140
141
122

143
139
126
96

42, 193
49,128
41,954
41,558

1929
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 3 States, estimates being made for these States,
which in the aggregate have only 2 per cent of the country's automobile population, while in 1926 all States except Mississippi are included (no estimates being made for
Mississippi)
and beginning with 1927 all States are shown complete. The company's reports show data by makes of car and by States and counties.
2
Compiled by U. 8. Department of Commerce, Bureau of the Census, representing shipments of electric industrial trucks and tractors by 9 leading manufacturers,
comprising
the
greater part of the industry.
3
Compiled by the Tire and Rim Association of America, from reports of 46 firms representing practically the entire industry. The figures include motor cycle, balloon,
high-pressure, truck, and millimeter rims approved and branded by the association after inspection and are given in detail by kinds and sizes in the association reports.
Monthly
data form January, 1922, appeared in April, 1927, issue (No. 68), p. 23. •
4
Sales of automobile accessories and parts shipped to customers by 75 members of the Motor and Accessory Manufacturers' Association, the relative numbers being
based
on
value,
with January, 1925, as 100.
6
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 39 companies, representing practically the entire industry. Further details b,y
given
in press releases. Data compiled by Fire Extinguisher Exchange from January, 1>922, through September, 1923, in May, 1924, issue (No. 33), p. 81.




51

Grand
total

Tank
farms Refinand pipe eries
lines

California
Light

HeaTy

20, 704
22, 147
23, 425
25, 064
27, 943
29, 661
31, 531
36, 911

104, 962
123, 709
145, 914
144, 556
133, 883
117, 412
124, 961
150, 069

104, 962
123, 709
145, 914
144, 556
128, 201
103, 886
110,026
133, 115

11, 364
13, 540
14, 935
16, 954

1921 monthly average
1922 monthly average.1923 monthly average.
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

39, 137
46, 463
61, 034
59, 495
63, 645
64, 240
75, 094

179, 888
278, 605
326, 682
386, 896
305, 273
282,323
318, 634

159, 237
245, 673
294, 659
347, 320
273, 878
247, 405
281, 025

75, 909
77, 534
74, 493
74, 951

339, 472
345, 864
350, 487
352, 038

301, 259
307, 310
311, 406
312, 721

January
February.
March
4pril

72, 321
68, 059
75, 037
72, 127

358, 892
363, 340
368, 744
371, 579

May
June
July
August

75, 218
72, 526
75, 426
77, 829
76, 404
79, 662
75, 761

Dolls,
per
barrel

Number of
wells

$0. 934
.798
.583
- — 1.258
1.775
2.196
2.279
3.408

1,592
1,389
763
1,565
1,383
1,487
1,747
2,024

1.704
1.806
1.439
1.446
1.675
1.883
1.284
1.203

1,218
1,445
1,357
1,212
1,380
1,580
1,204

16, 117
15,190
12, 465
11, 640
9,626
7,535
5,343

14, 356
15, 072
11, 301
10,808
8,043
6,727
4,035

119
183
350
754
1,641
3,102
5,370
9,008

83
150
276
681
1,524
2,852
4,549
8,385

!":

*«tt

tf*S

P.c.
capac.

Thousands of barrels

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average _ _
1917 monthly average
1918 monthly average
1919 monthly average- _
1920 monthly average

2*£
«o£

OIL WELLS
COMPLETED ?

YEAR AND MONTH

East of California

'.H

REFINERY
OPERATIONS

PRODUCTION i

3

IMPORTS4

STOCKS 2
(end of month)

CONSUMPTION
(run to stills)5

Table 30.—CRUDE PETROLEUM
MEXICO 8

Production

Exports

VENEZUELA*

Production

Exports

Thousands of barrels

1,415
1,409
1,512
1,733
2,511
3,145
4,402
8,848

20, 583
26, 261
27, 169
30, 127
36,160

20, 651
32, 610
32,190 1031,550 1048,470
39, 575 39, 132 51, 708
31, 395 43, 462 71, 666
34, 918 35, 985 87, 374
87, 609 25, 690 91, 659

10, 447
10, 609
6,835
6,481
5,152
5,032
4,865

36,947
41, 726
48, 437
53, 643
61, 660
64, 939
69, 070

81
80
79

38, 213
38, 554
39, 081
39, 317

22, 826
21, 676
21, 273
20, 086

93, 820
92, 233
93, 880
93, 719

5,122
4,633
5,339
6,210

68, 532
71, 761
69, 988
71, 271

79
80
81
79

1.198
1.240
1.230
1.220

1,048
1,049
1,038
857

4,774
4,932
4,810
4,840

3,867
2,768
3,216
2,815

5,762
6,024
6,878
7,305

4,742
5,928
6,504
6,593

317, 725
320, 979
325, 135
328, 354

41, 167
42, 361
43, 609
43, 225

20, 493
20, 110
19, 633
18, 752

94, 327
94, 797
94, 484
94, 301

6,145
6,036
6,845
5,661

68, 193
65, 601
72, 124
72, 979

72
73
75
79

1.220
1.213
1.190
1.190

764
836
949
961

4,770
4,474
4,729
4,596

2,955
3,032
3,379
3,940

6,994
6,799
7,601
7,594

6,837
6,760
7,387
7,582

371, 849
370, 751
369, 243
368, 653

328, 556
328, 094
326, 314
326, 399

43, 293
42, 657
42, 929
42, 254

19, 170
19, 197
18, 215
18, 310

93, 941
94, 234
95, 663
95, 057

6,766
6,553
7,878
6,141

77, 311
75, 681
80,700
81, 582

80
81
82
83

1.190
1.190
1.195
1.210

961
1, 056
1,096
1,247

4,347
4,049
4,040
4,047

3,065
2,808
3,249
2,212

8,784
8,339
9,398
9,031

8,511
8,231
8,808
8,933

366, 652
368, 031
367, 141

326, 153
328, 201
326, 582

40, 499
39, 830
40, 559

16, 870
16, 670
16, 524

96, 563
97, 097
98, 529

7,140
6,703
6,908

79, 810
79, 603
77,100

84
82
81

1.210
1.210
1.210
1,210

1,192
1,224
1,144

3,716
3,904
3,724

2,244
2,731
2,199

9,478
10, 520
11, 291
12, 270

8,615
9,283
9,660
10, 010

1937

September
October
November
December

._ _.
1928

__ _

September .
October
November
December

_.

1929

January
February
March
April
May
June

_ _ _
1

1

II

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
__*ui
,
™-_^__ . _ . _ *
«..,«««_.._.....„
... .— ,
, -», . .„ . -_
'1922 in August, 1923, issue (No. 24), p. 77.
i Bureau of Mines and the Geological Survey under the
^ ^
, producers'stocks in California and imported oil held outside refineries through
December, 1924; since then California stocks are not included. Refinery stocks since January, 1925, represent only the stocks at refineries east of California. Prior to
January, 1923, the figures on tank-farm stocks included topped oil and imported oil at refineries, but the duplication between this item and the total stocks at refineries
was slight. This old method of securing figures showed totals about 2 per cent greater than those secured by the new method used in 1923. Adjustments have been made
in figures of some of the earlier years to represent approximate net stocks for comparison with later figures. Refineries' stocks include both imported and domestic oil.
The number of days' supply is calculated from the tank-farm and pipe-line stocks and from current consumption, but because of the incompleteness of stocks'data this
item is no longer computed. Monthly data on stocks from 1917 to 1919 appeared in December, 1922, issue (No. 16), p. 48; from 1920 to 1922 in July, 1923, issue (No. 23)
p. 50;
on days' supply from 1921 to August, 1923, issue (No. 24), p. 77.
3
Includes producers' and refineries' stocks, light crude haying 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.
4
Imports of crude petroleum are as compiled by the 17. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Beginning with February, 1923, topped
oil has been generally excluded from the imports; on this basis imports for February, 1923, were 5,069,000 barrels instead of 6,199,000 barrels, as reported, and to which
previous
month's figures are comparable.
6
Consumption by refiners, taken as amount of crude oil run to stills at refineries, compiled by the 17. £ 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.
7
Number of oil wells completed compiled by U. S. Department of Commerce, Bureau of Mines, from reports by American Petroleum Institute and Oil and Gas Journal.
8
Compiled by the Mexican Government, Secretary of Industry, Commerce and Labor, Petroleum Department, and published in the Boletin del Petroleo. Current figures
are from O'Shaughnessy's South American Oil Reports and are used in this table until government figures become available. Data on exports cover crude petroleum and
all derivatives
therefrom. All data have been converted from cubic meters to the comparable barrel basis.
8
Compiled by the Minister of the Interior of the United States of Venezuela and published annually on a monthly basis in Memoria del Ministerio de Fomento. Current
figures are from O'Shaughnessy's South American Oil Reports and are used in this table until revised by government figures. All data have been converted from toneladas
to a 10comparable barrel basis.
Average of 7 months, June to December, inclusive.




52

Table 31.—GASOLINE AND KEROSENE
GASOLINE

KEROSENE OIL

Stocks, end of
month *

Production 1
YEAR AND MONTH Raw (at Natural
refin- gas (at
eries) plants)

Exports 2

Consump- Total at
tion'
refineries

Natural-gas
gasoiine

mo. average..
mo. average __
mo. average ._
mo. average. .
mo. average..
mo. average..
mo. average..
mo. average ._

1921
1922
1923
1924
1925
1926
1927
1928

mo. average..
mo. average..
mo. average..
mo. average..
mo. average..
mo. average..
mo. average _.
mo. aver age .

4,085
5,656
7,084
7,853
9,688

48
85
130
205
432
561
698
763

234
323
223
706
825
1,110
738
1,272

10, 225
12, 306
14, 922
17, 777
21, 633
24,978
27, 536

893
1,004
1,620
1.853
2,192
2,692
3,221

1937
September
October
November
December

27, 708
28,879
28, 606
28,619

1938
January
February
March
April
May
June
July
August

September..
October
November
December

1929
January
February
March
April

.

Retail
Whole- Retail, distribution,
41
tank
sale,
motor, wagon, States «
N. Y.3 50 cities'
Dollars per gal.

Thousands of barrels
1913
1914
1915
1916
1917
1918
1919
1920

Prices

Thous. of
gallons

Stocks Price, Retail
Con- at refin- f. o. b. distribuEx- 2 sumperies, refin- tion, 13
ports
tion i end of1 eries, States
e
month Pa.3

Production^

$0. 108
.144
.138
.230
.238
.242
.245
.293

4,693
6,209
6,815
8,434

7 8, 033
9,196
11, 248
11, 059

1,058
1,149
1,678
2,354
2,553
3,540
3,592
4,369

8,960
10, 659
13, 062
15, 417
18, 655
21, 818
24, 815

15,018
18, 834
28,249
35, 319
38, 142
39, 654
40, 692

7369
515
789

3,245
3,419
3,393
3,433

3,481
3,805
3,654
2,949

28, 400
25, 315
24,478
23, 819

29,775
29, 551
30, 410
32, 338

27, 879
26, 775
29, 245
29, 332

3,367
3,279
3,426
3,469

3,692
3,326
3,777
4,044

20, 939
21, 136
24,041
25, 712

30, 825
30, 675
32,884
34, 037

3,474
3,317
3,410
3,421

6,535
4,614
5,108
4,452

33, 543
34, 319
33, 218

3,452
3,695
3,764

4,670
3,919
4,610
3,675

2,221
2,005
1,661
1,696
1,306
974
1,943
1,728

2,888
3,426
3,622
4,646
4,603

.261
.251
.207
.180
.191
.199
.188
.174

$0.181
.166
.176
.185
.152
.155

736
781
820
734

.170
.170
.170
.170

36, 112
38, 782
40,229
40, 210

740
824
842
832

27, 355
29, 022
31, 985
33, 148

37, 336
34, 393
30, 392
27, 197

29, 691
30, 610
26, 222

26, 405
26, 453
29,075

Dollars Thous. of
per gal. gallons

Thousands of barrels

2,067 7 12, 411
2,870
9,648
2,766
7,157
2,757
9,035

$0.062
058
.050
060
.080
.108
.115
.149

303, 435
375, 488
463, 998
566, 106
651, 127
731, 437

3,859
4,576
4,661
5,002
4,974
5,147
4,676

1,486
1,776
1,682
1,818
1,756
1,835
1,607
1,823

2,461
2,905
2,921
3,059
3,331
3,178
3,124

9,584
7,180
6,498
7,855
9,498
7,721
8,426

.084
.085
.084
.080
.078
.104
.076
.074

27, 488
28, 718
30, 406
32, 043
32, 185
32? 093

.144
.143
.142
.143

864, 242
810, 470
742, 145
674,840

4,686
4,883
4,824
4,869

1,652
2,193
1,815
1,226

3,198
3,585
2,704
3,852

8,523
7,611
7,937
7,715

.068
.073
.073
.072

37, 179
32, 995
28, 719
29,902

.170
.170
.170
.170

.143
.147
.148
.150

612, 219
614, 417
701, 696
754, 020

5,047
4,783
4,717
5,033

2,345
1,541
1,811
1,903

2,742
3,221
2,737
3,234

7,670
7,692
7,826
7,733

.070
.070
.069
.069

30, 746
30, 176
33, 707
33,201

809
648
477
414

.170
.170
.173
.180

.152
.153
.156
.160

843, 845
861, 547
864, 427
983, 644

5,243
4,849
4,994
5,389

2,035
1,632
1,826
1,653

3,383
2,385
3,079
3,261

7,537
8,370
8,470
8,922

.074
.073
.068
.072

31, 624
30, 719
31, 427
40, 170

436
402
404

.180
.180
.180
.180

.163
.163
.160
.160

910, 322

5,037
5,186
4,908

2,068
1,749
2,087
1,229

3,276
3,465
2,547

8,593
8,614
8,884

.086
.082
.080
.078

37, 291
33, 085
1
1

I

May
June

1 Compiled by the I). S. Department of Commerce, Bureau of Mines. Data covering production and stocks of natural-gas gasoline represent total production and stocks
of this product, both blended and unblended, the amount blended being included with the production, consumption, and stock data covering the refinery product. The
figures showing output of natural-gas gasoline include amount run from California fields through pipe lines. Stocks of gasoline at refineries include marketers' stocks beginning with June, 1923, while consumption figures since 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
York City.
* Compiled by the Oil and Gas Journal from reports of 50 representative cities as of the end of month indicated. Data were previously sho'wn as of first of month.
Monthly data from 1923 appeared in the March, 1928, issufe (No. 79), p. 21.
« 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. No figures are available for Louisiana in 1922, but they have been assumed
as 3 per cent lower than the corresponding 1923 figures, in order to permit a total for identical States. Details by States for 1922 and 1923, except Louisiana, with partial
reports for 1921, appeared in the June, 1924, issue of the SURVEY (No. 34), p. 51, and data for 1924 and 1925 in the May, 1926, issue (No. 57), p. 28. Owing to the addition
of Louisiana
figures and the exclusion of estimates for Indiana, the totals presented here do not agree with those previously published.
7
6 months' average, July-December, inclusive.




53

Table 32.—OTHER PETROLEUM PRODUCTS

Dolls,
per bbl.

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.._

9,254
12,923
14, 527
15, 134
17,582

7217
297
461
492
550
1,169
2,192

865
1,094

19, 174
21,243
23, 957
26,706
30,416
30,433
32, 756

2,256
2,641
3,137
3,611
3,569
3,888
4,171

1,004
1,100
1,224
1,386
854
783
565

2,831
3,107
3,928
4,165
4,112
4,093
4,057

27, 736
31, 625
32, 610
37, 675
24, 480
23, 786
27, 826

1927
January
February
March
April

33, 073
30, 213
32, 347
31, 740

3,940
3,587
3,874
4,204

823
671
639
549

4,289
3,724
4,194
3,929

May
June
July
August.,

33, 449
31, 709
33, 554
33, 975

4,250
4,244
4,077
4,470

487
476
474
502

September
October
November . _
December

32, 295
33, 901
32, 946
33, 864

4, 436
4,594
4,110
4,264

1928
January
February
March
April

32, 271
30, 944
34, 071
33, 857

1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
1928 monthly

May
June
July
August .

av
av___
av...
av...
av._.
av___
av__.
av

_. -

$0.902
.663
.513
.871
1.525
1.885
1.120
2.622

Thousands of barrels

Price,
cylinder,
GOOD
tank
cars,
Pa.«

io

&

Dolls,
per gal.

ft-

*s
3 a? fl

•8,20
JfcS

Production

Production^

Stocks
Con- at resump- fineries,
tion i end of1
month

WAXi

ft-

III

Stocks,
refineries,
end of
month

3D

Thous. of short tons
18
12
12
12
16
10
9
11

Production

Thous. of pounds

1,239
1,496
1,670
1,680
2,078

833
1,152
1,133
1,229

7 2, 917
3,425
3,825
3,267

60
62
51
75
108

778
91
97
74

.687
.951
.929
.959
1.099
1.294
.978
.726

1,741
1,942
2,177
2,292
2,588
2,691
2,643

1,004
1,294
1,438
1,510
1,715
1,881
1,806

5,552
5,492
5,659
6,230
6,879
7,481
7,792

101
158
194
212
223
244
285

113
134
129
123
145
195
212

11
10
12
13
10
12
13
9

51
59
56
64
83
83
95 .

62
58
24
60
191
254
317

36,240
38,500
38,887
43,041
49, 215
53, 818
48, 696

240, 072
223, 741
178, 060
109, 465
106, 409
152, 473
188, 449

23, 195
22, 099
22, 561
23, 732

1.255
1.250
1.219
1.063

2,570
2,345
2,754
2,615

1,396
1,253
2,186
1,711

7,887
8,361
8,035
8,176

.255
.255
.250
.254

191
173
222
274

215
235
235
220

19
14
15
8

93
88
98
88

287
295
326
319

54,114
47, 363
53,644
48, 917

192, 835
198, 452
201, 340
211,019

3,958
3,748
3,765
3,930

26, 059
26, 590
28,890
30, 346

.925
.906
.900
.870

2,625
2,571
2,672
2,752

1,928
2,197
1,827
2,004

8,011
7, 628
7,496
7,491

.251
.253
.250
.251

319
346
335
340

223
232
214
192

8
24
10
12

88
95
90
95

326
293
306
304

46, 267
44, 938
47, 979
41, 576

207, 329
198, 808
191, 501
180, 645

504
503
502
649

4,157
4,665
4,123
4,211

31, 631
33, 191
33, 637
31, 982

.850
.865
.838
.800

2,782
2,757
2,477
2,801

1,965
1,781
1,739
1,682

7,447
7,584
7,524
7,860

.255
.253
.245
.245

333
333
290
263

177
189
196
221

14
14
9
9

98
102
102
108

314
331
349
345

47, 888
49, 476
48, 146
54, 039

170, 172
170, 367
171, 700
167, 214

3,783
3,751
4,236
4,275

589
540
610
532

4,047
3,853
4,106
4,085

29, 623
29, Oil
29, 170
29, 499

.800
.850
.850
.840

2,658
2,728
2,905
3,026

1,606
1,533
1,988
2,362

7,978
8,332
8,412
8,018

.245
.245
.223
.221

199
209
270
274

209
230
269
274

7
4
8
6

103
100
107
109

330
337
352
342

55, 320
49, 724
50, 207
57, 548

150, 485
150, 033
120, 800
110,010

35, 620
35, 565
38, 941
37, 449

5,013
4,307
4,101
4,564

483
497
553
612

4,093
3,819
4,071
4,087

32, 887
36, 015
37, 410
37, 961

.763
.719
.670
.650

3,091
3,009
2,827
2,891

1,989
2,143
1,930
2,035

8,060
7,832
7,667
7,711

.228
.220
.226
.229

331
332
329
316

262
271
251
226

13
3
11
13

118
118
127
136

348
344
385
402

51, 072
50, 792
45, 273
54, 084

103, 639
91, 989
84, 476
79, 136

37, 059
37,011
35, 721

4, 051
4,560
4,235

605
646

4,363
4,877

40, 067
39, 626
37, 974

.650
.650
.650
.625

2, 833
2,979
2,748

1,973
2,145
1,763

7,764
7,830
7, 921

.236
.240
.246
271

306
321
247

203
211
228

4
11
11
11

119
125
131

380
394
418

50, 670
54, 546
56, 665

84, 330
91, 789
103, 949

September
October
November
December

1939
Januarv
February
March
_
April

Price,
Okla.,
34-26
at refineries 5

8

Production i

YEAR AND MONTH

Stocks
at refineries,
By
By
end of
ves-3 electric
railpower roads * month i
sels plants

COKE i

ASPHALT

Imports

Consumption

LUBRICATING OIL

Production

GAS AND FUEL OILS

7 14, 806
13,071
18, 533
16, 378

7

8

$0. 224
.289
.285
9.264
.251
.236

34
45
47
50
48

711

17
37
23

32, 182
40, 100 • 108, 402
42, 095 172, 976
38,936 241, 895
45,100 181. 567

i

May
June
1
Compiled by the U. S. Department of Commerce, Bureau of Mines, representing practically complete data for the refineries prior to January, 1925, but since then gas and
fuel oil stocks cover only stocks of east California. The consumption data for gas and fuel oils and lubricating oil are calculated from production, exports, and changes in
stocks. For lubricating oil stocks, data include marketers' stocks beginning with June, 1923, while consumption since that time takes account of this change in stocks.
Figures
on asphalt, coke, and wax relate only to the by-products of petroleum.
2
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering loading of vessels for foreign trade at principal clearing ports.
Monthly
data covering the period 1913-1923 appeared in the October, 1923, issue (No. 26), p. 61.
3
Compiled by the U. S. Department of the Interior, U. S. Geological Survey, representing consumption by all plants producing electric power, but mainly central stations;
consumption in central stations alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants, and reclamation projects in March, 1925,
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
used8 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,
GOOD; 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. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing imports of forr-—
-•eign native
asphalt. Imports have been
reduced
from
original data in long tons.
7
6
months'
average,
July
to
December,
inclusive.
8
5 months' average, August to December, inclusive.
• 11 months' average, July omitted.




54

Table 33.—CRUDE AND SCRAP RUBBER
RECLAIMED
RUBBER
(quarterly) 1

Consump-

YEAR AND
MONTH

tion i
ImWorld ports 3 (quarterly)
ship- (inments cluding
For
(2)
latex) Total tires

Domestic stocks, end of
quarter 1
Total

Manu- DealfacAfloat
turers ers

World stocks, end of month 4

Total

Producing
countries

European United Plantation,
coun- States afloat
tries

24, 663
31,800
34, 398
35, 101
43, 006
51, 232
50, 183

15, 449
25,090
25, 762
27, 338
33,054
34, 445
35, 521
36, 332

1926
September. __
October
November. -.
December

55, 363 37, 112
58, 401 29, 476
52, 325 39, 155
57, 386 37, 754

1927
January
February
March
4pril

56, 559 43, 340
44, 639 28, 337
64, 131 35, 515
44, 751 46, 202

May
June
July
August

48, 748
49, 459
41, 938
50, 535

36, 518
33, 045
37, 677
32, 810

September...
October
November...
December. ._

1928
January
February
March
\pril

38, 572 31, 280
63,546 51, 801
68, 739 55, 238
75, 445 62, 916
88, 468 74, 247
82, 436 70, 414
85, 682 72, 797

83, 994
85,935
85,450
59, 458
45, 960
61, 301
88, 627

65, 982
66, 885
46, 829
37, 467
50, 704
72, 701

29, 671
19, 953 39, 523
18, 565 33, 589
12, 629 40, 026
8,493 48, 811
10, 597 43, 565
15, 926 42, 862

86,290

75, 142

58, 883

45, 121

13, 762

39, 815

76, 555

64, 891

68, 876

58, 785

10, 091

50, 529

78, 577

82, 233

68, 105

14, 128

45, 384

94, 983 82,648

84, 811

71, 776

13, 035

45, 169

48, 186
50, 370
48, 565
54, 315

33, 301 82, 073 69, 369
30, 184
38, 592
30, 736 74, 391 60, 592

90,861

72, 989

17, 872

36,006

96,601

77, 932

18, 669

44, 890

48, 134
48, 579
46, 887
36, 114

39, 108
33, 392
40, 688
37, 958

43, 889
40,927
52, 831
58, 345

31, 014 .
27, 764 95, 220
31, 258
30, 874

September... • 45, 338
October
43, 748
November— 93, 073
D ecember

39, 732 108, 167
44,058
36, 624
43, 519

May
June
July
August

91, 279

95, 273

80, 871 112, 103

91, 700

20,403 35, 572

81, 323

87, 771

77, 132

10, 639

93, 173

68, 729

54,418

14, 301 43, 492

38, 478

131, 770
188, 822
135, 983
184, 308
255, 701

195,
209,
211,
230,

321
566
353
395

64, 273
47, 902
61, 974
93, 394
88, 127

31, 038 $0. 164
.174
42, 284
46,973
.296
49, 654
.261
58, 726
.719
70, 139
.485
66, 699
.376

27, 691 38, 152 62, 078 67, 400
28, 144 45, 093 64, 989 71, 340
27, 460 47, 152 63,641 73,100
28, 113 52, 473 72, 509 77, 300

.410
.425
.400
.380

f

Con-

ers

Long tons

per Ib.

83, 668
82,099
625,329 66, 441
21, 238 53, 657
17, 882 11, 473
22, 781 29,415
27, 236 68, 371

SCRAP
RUBBER

(quarterly) 1

Stocks sumpPro- St'ks,
of at re- tion
duc- end
quarclaimby retion
ter
ers claim-

Dolls,

Long tons

1921 mo. av
1922 mo. av
1923 mo. av_.
1924 mo. av__
1925 mo. av__
1926 mo. av__
1927 mo. av_ .
1928 mo. av

Wholesale price,
smoked
sheets, N. Y.«

CRUDE RUBBER

8,539
13,447
17, 384
19, 018
30, 906
41,986
43, 181

8,217
8,662
14, 969
19,544

37, 496
61,963
72, 096
59, 675

11, 509
17, 211
22, 002
26, 415
39, 770
54, 074
55,547

40, 020 13, 758

66, 908 52,068

44, 989 18, 160

65, 969

45, 547 21, 508

62, 807

41, 197 19, 287

58, 331 52, 059

39, 449 17, 812

55, 547

50, 495

46,530 19, 567

62, 016

61,331

51, 112 16, 317

61, 299

64, 069

58, 410

237, 425
248, 740
256, 689
263, 362

27, 224 58, 329
28, 611 62, 443
29, 515 67, 044
26, 176 71, 229

76, 172
91, 186
85, 740
92, 757

75, 700
66,500
74,390
73,200

.391
.383
.383
.410

258, 300
247, 555
249, 995
255, 684

26, 475
23,730
24,500
27, 427

71, 562
68, 274
68, 226
69, 109

94, 563
89, 251
98,469
96, 148

65, 700
66, 300
58, 800
63,000

.409
.373
.349
.351

260, 799
263, 683
264, 590
261, 592

27, 822
27, 654
30, 376
27, 324

72, 748 97, 829
73, 876 97, 453
70, 880 101, 034
66, 737 100, 131

62, 400
64,700
62, 300
67,400

.338
.343
.376
.406

276, 670
269, 572
260, 991
245, 185

27, 453 69, 594 110, 243 69, 380
25, 649 66, 268 108, 955 68, 700
22, 353 61, 478 114, 060 63, 100
19, 223 57, 174 113, 083 55,700

.400
.326
.266
.188

227, 536
212, 527
208, 789
201, 188

20, 116
20, 664
21, 578
21, 828

48, 243 105, 357
42, 365 90, 198
39, 269 83, 242
35, 865 68, 995

53, 820
59, 300
64,700
74,500

.188
.194
.192
.193

51,109 15, 459

51,518

65, 387

198, 448
178, 887
228, 393

17, 687
16, 589
34,500

35, 248
28, 026
22, 536

68, 851 76,700
66, 421 67, 900
61, 957 109, 400
66, 166

.182
.187
.182

52, 823 14,963

61, 016

66,298

—
58, 303

1929
January
April

*

IVTay
June
1 Data compiled by the Rubber Association of America (Inc.) from reports of about 285 members and nonmembers representing the principal manufacturers, importers'
and reclaimers in this field. It should be noted that these consumption and production data represent quarterly, not monthly, totals, while stock figures are shown as of
the end of the quarterly period indicated, and annual averages in these columns are of quarterly, not monthly, data.
2 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
P

^ Imports of rubber, including latex, into the United States compiled by the U. S.Department of Commerce, Bureau of Foreign and Domestic Commerce.

6
Compiled by the Rubber Trade Association and representing averages of daily spot prices for rubber, standard-quality ribbed smoked sheets in the New York market,
Mo:mthly data from 1915 may be found in the Marketing of Crude Rubber by the U. S. Department of Commerce, pp. 14 and 15.
7 months' average, June to December, inclusive.




55

Table 34.—TIRES AND RUBBER-PROOFED FABRICS

1,821
2,573
2,843
3,234
3,811
3,848
4,045

1937
January
February
March
April

4,321
4,896
5,666
5,426
5,920
8,158
8,272

1,905
2,436
2,697
3,048
3,604
3,600
3,850

43
81
89
91
116
93
168

2,261
3,189
3,768
4,424
5,171
4,793
4,391

4,632
6,081
7,354
7,490
8,318
13, 110
11, 805

1

Thousands of
pounds

Thousands
1921 monthly av
1022 monthly av
1923 monthly av.
1924 monthly av
1925 monthly av
1926 monthly av
1927 monthly av
1928 monthly av

1
1

2,292 29
3,055 58
3,630 71
4, 174 84
4,964 105
4,411 66
4,463 100

36
66
59
58
65
48
48

232
195
254
198
170
188
170

2
4
5
5
7
5
5

44
57
57
52
62
43
4/

6,696
9,257
9,861
11,868
14,025
13, 830
14, 832

17, 922
27, 301
30, 601
37, 821
46, 033
43, 170
42, 916

Production, relative to capacity

ft

All other

i

1 A

Oothing
fabrics

Shipments

Production
Auto fabrics

I

Raw material
consumed
Crude
rubber

£
§

Stocks, end
of month

I

Shipments

Production

S
I

Stocks, end
of month

Shipments

Production

Stocks, end
of month

Production

YEAR AND MONTH

Solid tires and
cushions

Inner tubes

Pneumatic tires

New orders (automobile)

RUBBER-PROOFED FABRICS 3

AUTOMOBILE TIRES 1

Per
cent

Thousands of yards

1,528 456 756
2,026 799 696
2,648 1,317 640
2,085 927 526 3652 4886 <25. 1
1,999 657 765 577 770 41.7
2,444 697 1,230 517 705 39.7
3, 156 780 1,833 543 828 639.0

i1

i

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
2,756
2,800

718 784
718 881
978 1,190
820 1,498

414
957
485 1,005
851
588
482
805

35.7
51.0
61.3
41.4

May
June
July
\ugust

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

4,501 109
5,024 108
5, 205 104
5, 898 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

2,642
2,776
3, 330
4,077

955
768
712
802

1,206
1,573
2,047
2,723

481
435
571
552

740
654
832
876

59.9

September
October '
November
December

3,638
3,603
3,394
3,391

7, 325
7,287
7,635
7,734

4,168
3,484
3,100
2,959

136
133
145
178

4,247
3,809
3,593
3,742

10, 162
10, 187
10, 216
10, 297

4,973 103
3,685 93
3,463 88
3,413 133

36
34
32
33

173
162
161
161

42
40
32
28

4
4
3
4

13, 998
13, 549
12, 822
11, 949

37, 341
37, 130
33, 845
32,654

4,545
4,634
3,791
2,518

756
819
691
621

3,123
3,179
2,489
1,303

666
636
611
594

955
827
720
710

28.7
31.2
26.3
23.6

1928
January February
March
April

4,026
4,784
5,128
4,645

7,491
8,826
9,318
9,561

3,924
3,653
4,137
4,229

132
133
174
143

4,086
5,176
5,427
4,999

9,760
11, 020
11, 878
12, 500

4,469
3,997
4,205
4,196

90
81
98
86

37
37
44
44

164
159
159
157

31
36
41
40

3
3
5
3

16, 040
16, 924
18, 854
18,310

43, 709
46, 468
48, 897
43, 701

2,177
2,575
2,853
2,416

600 874
757 1,107
805 1,148
835 874

703
711
900
707

773
960
896
980

29.6
28.8
25.7
27.6

May
June
-.
July
August

5,082
5,030
4,881
5,607

9,794
9,150
8,396
7,539

4,707
5,162
5,811
6,131

146
184
121
179

5,382
5,222
5,009
6,264

13, 298
12, 892
11, 248
10,466

4,631 100
5,254 105
6,469 83
6,886 132

47
49
46
52

156
156
152
149

44
45
45
49

4
5
4
5

19, 168
19, 646
20, 947
21,854

51, 061
53, 159
47,128
62, 224

2,744
2,953
3,447
4,613

725
895
763
764

909
1,110
707
1,351
1,951
733
2,598 1,251

776
884
497
688

27.7
24.5
25.9
39.1

September
October __
November
December

5,101
5,495
4,556

7,324
8,640
9,434

5,191
4,096
3,539

168
191
209

5,327
5,197
4,198

10, 158
11, 464
11, 820

5,245 121
4,138 108
3,618 134

43
47
36

151
153
151

42
43
34

2
3
3

17, 797
20,295
17, 038

55, 351
58, 302
48, 819

4,966
5,914

780 3,179 1,007 1,085
609 4,009 1,296 1,222

40.0
31.2

•-

-

30.5

2,447 1,025

1929
January
February.
March
April
May
June

-

i 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.
* Compiled by the Rubber Association of America from reports of from 3 to 8 companies on automobile fabrics each month, representing 48 per cent of the production of
automobile fabrics in 1923 and 31 per cent in 1925, according to the Census of Manufactures, and from 10 to 14 manufacturers of other fabrics representing 62 per cent of other
fabrics in 1925. Total fabrics reported by these manufacturers represented 62 per cent of all rubberized fabrics in 1923 and 47 per cent in 1925. Raincoat fabrics include
both single and double texture fabrics, while all other fabrics include hospital and sanitary sheetings, shoe proofings, cretonne and percale apron materials and sundries and
miscellaneous proofings, for which details are presented in the association's reports. The report on automobile fabrics also gives details by kind and by purposes of shipment.
New orders for automobile fabrics are those specified for delivery within 90 days. The relation of production (actually shipments, which are considered simultaneous to production) of automobile fabrics to capacity is based on the factor which fixes maximum capacity, based on 24-hour operation, for each plant, whether it is capacity of heaters,
spreaders,
calendars, etc.
3
4 months' average, September to December, inclusive.
49 months' average, April to December, inclusive.

«10 months' average, June and July missing.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

56

Table 35.—OTHER RUBBER PRODUCTS
RUBBER HEELS 1
Shipments
YEAR AND MONTH

Production

To shoe
manufacturers

To
repair
trade

Stocks,
end of
month

For
export

Production

RUBBER SOLES i

MECHANICAL RUBBER
GOODS s

Shipments

Shipments

Stocks,
To shoe To
end of
man- repair For
month
exufacturers trade port

Total

Thousands of pairs

1923
1924
1925
1926
1927
1928

monthly av__
monthly av__
monthly av._
monthly av__
monthly av_.
monthly av

1936
May
-.
June
July
August

15, 243
15,523
17, 248
15, 276
16, 692

9,889
10, 412
10, 765
8,899
8,514

4,172
4,751
5,727
5,614
6,958

•719
770
912

33,962
33, 110
40, 569
48, 590
43, 823

•1,940
1,021
2,264

Belting

Hose

All
other 3

•295
146
662

•15
35
85

• 2, 584
3,129
3,659

$4,051
5,406
6,399
5,719

$1,084
1,526
1,710
1,480

$1, 731
2,069
2,422
2,225

Shipments

Thous. Thous.
oflbs. of sq. ft.

Thousands of dollars

•1,603
799
1,551

RUBBER RUBBER
BANDS* FLOORINGs

$1,236
1,812
2,267
2,014

7

190
584

11, 367
12, 769
11, 109
14, 490

6,818
7,541
8,651
9,607

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

68
78
63
121

27
23
25
43

3,293
3,173
3,085
3,073

6,719
6,958
6,065
6,493

1,646
1,980
1,854
1,937

2,761
2,597
2,069
2,159

2,312
2,382
2,143
2,397

16, 349
18, 513
16, 759
15, 941

9,785
9,777
9,091
10, 992

9,429
9,556
6,377
3,421

784
875
766
1,206

45, 483
44, 105
42, 199
42, 907

1,258
1,363
1,489
1,273

1,129
1,146
1,078
825

127
342
285
146

49
36
57
84

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

1937
January .
February
March
April.

13, 660
12, 733
13, 640
14, 169

6,685
6,652
7,906
6,682

4, 013
4,062
6,367
6,507

793
1,113
772
768

46, 355
48, 010
47, 822
47, 869

1,475
880
1,661
1,726

749
621
1,221
1,122

152
132
490
532

216
18
26
53

3,247
3,309
4,802
4,113

5,327
5,678
7,161
5,823

1,263
1,370
1,714
1,459

2,351
2,447
2,970
2,370

1,713
1, 861
2,477
1,995

May
June
July
\ugust

16, 133
16, 341
15, 907
18, 363

7,128
8,833
9,598
10, 624

7,016
9,303
6, 936
8,676

666
838
949
908

47, 516
45, 453
41, 056
38, 849

1,779
2,247
2,128
2, 333

1,275
1,918
1, 356
1,768

572
583
593
849

19
42
177
119

3,853
3,757
3,564
3,170

5,726
6,018
5,477
5,863

1,350
1,609
1,622
1, 778

2,437
2,348
2,011
1,934

1,939
2,061
1,845
2,151

September
October
November
December

18, 452
21, 151
20, 556
19, 203

8,882
10, 546
10, 245
8, 384

8,170
9,305
7,129
6,009

722
913
1,415
1,087

38, 696
39, 723
41, 727
42, 802

2,634
3,697
3,347
3,255

1,390
2,169
2, 520
2,498

996
1,096
976
974

27
46
142
129

3,068
3,899
3,872
3,257

5,467
5,244
4,941
5,898

1,497
1,368
1, 175
1, 557

1,963
1,837
1,840
2,190

2,007
2,039
1,925
2,151

196
181
193

1938
January ._
February
March
April

17, 682
19, 181
22, 583
18, 575

10, 786
10, 802
10, 083
8,639

6,314
6, 754
9,407
6,173

793
1,127
1,169
819

43, 796
44, 289
46, 144
48, 892

3,431
3, 628
3,747
2,928

2,243
2,087
1,692
1,524

916
992
1,090
884

675
529
282
141

3,148
3,381
3,822
4,084

5,630
5,838
6,675
5,406

1,388
1, 351
1,524
1,211

2,257
2,289
2,589
2,078

1,984
2,199
2,562
2,117

218
195
216
169

433
493
667
475

May
June
July
August

21, 597
18, 763
17, 620
21,289

8,897
9,166
12, 070
11, 642

7, 559
9,022
7,372
9,244

884
864
457
729

52, 387
50, 569
49, 679
49, 511

3,519
3,321
3,168
3,461

1,855
1,977
1,897
2,209

894
948
808
917

120
41
55
46

4,558
4,687
5,067
5,633

6,274
6,126
5,157
6,306

1,352
1,568
1,396
1,888

2,666
2,298
.1, 795
2,068

2,255
2, 260
1,966
2,360

177
192
173
193

661
717
477
583

September
October
November
December

21, 451
21, 932
18,686

9,207
9,813
8,602

9,199
9,580
7,921

875
1,262
1,317

49, 751
50, 111
48, 691

2,725
2,297
2,649

1,703
1,655
1,906

893
958
885

29
328
63

5,501
5,212
4,723

5,393
5,837
5,201

1,412
1,387
1,203

1,731
2,026
1,811

2,250
2,424
2,186

186
216
201

754
559
5C6
623

September
October
November
December

.. ._

___

1939
January
February
March
April. ..

__

May
June
* Compiled by the Rubber Association of America, from reports of from 13 to 16 manufacturers each month, who made 63 per cent of the total output of rubber heels
for sale as such, in 1925, according to the census of manufactures. Only salable heels are included, none so imperfect as to result in their being reclaimed. Details by kinds
of soles and heels are presented in the association's reports. Stocks include merchandise constituting domestic stock in factory, and in transit to, or at, warehouses, branches,
or in possession of dealers on consignment basis, and represent all merchandise still owned by manufacturers as domestic stocks. Shipments include only stock forwarded
to a 2purchaser and exclude goods forwarded to a warehouse, branch, or on a consignment basis.
Compiled by the Rubber Association of America from reports of 11 manufacturers whose shipments in 1925 represented 78 per cent of the total output of rubber belting
and 370 per cent of the output of rubber hose, measured in value, according to the census of manufactures. Details by classes are shown in the association's reports.
Includes tubing, packing, mats and matting (except tiling), molded goods, lathe-cut goods, and miscellaneous, but excludes jar rings, tapes, and thread.
* Compiled by the Rubber Association of America from reports of 8 manufacturers estimated to represent 80 per cent of the industry. Details by kinds of packages are
given8 in the association's reports.
Compiled by the Rubber Association of America from reports of 10 manufacturers. The data include individually cut tile and other types of rubber flooring whether
in sheet form or not, such as Pullman-car tiling, but exclude regular corrugated, knobbed, and perforated mats and matting, automobile mats, etc. Details by widths
are
given
in the association's reports.
 6
7
8 months' average, April through December.
3 months' average, October through December.



57

Table 36.—HIDES AND SKINS

Canada

1

1

OQ

?

Swine

YEAR AND
MONTH

a
?

ft

Total
hides
and
skins

Calf- Cattle Goat- Sheepskins hides skins skins

Sheep
and
lamb
skins

Dolls, per
pound

8,199
7,473
6,321
6,607
8,686
7,409
5,197
11, 138
6,684

3,995
4,627
4,058
3,426
2,401
3,767
3,684
3,703

15, 016
27, 040
24,331
15,468
13, 899
12, 538
19, 680
22, 957

5,260
6,745
7,154
4,353
6,807
7,300
6,775
7,564

3,821
5,381
6,342
4,837
5,138
4,948
4,776
5,272

430, 897
355, 025
357, 392
267, 533
270, 370
284, 318
239, 262

339, 548
275, 293
288, 589
222, 046
220, 282
229, 340
187, 645

58, 414
52, 281
46, 485
29, 878
33, 218
37., 319
32, 302

32, 935
27, 452
22, 319
15, 601
16, 870
17, 659
19, 399

.139
.181
.166
.147
.160
.141
.195
.238

.149
.160
.157
.184
.202
.174
.197
.274

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

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

89
138
133
43

43, 665
36, 356
37, 328
38, 151

4,545
3,699
3,717
3,177

25, 383
21, 561
20, 634
23, 391

6,485
5,700
6,585
5,326

4,510
3,195
4, 676
3,740

243, 327
248, 187
249, 673
242, 300

188, 797
200, 220
203, 146
198, 623

33, 024
27, 942
26, 973
26, 803

21, 506
20, 025
19, 554
16, 874

.224
.233
.242
.250

.210
.218
.228
.250

271
248
247
222

26
18
17
16

36, 409
33, 421
48, 489
45, 443

3,410
2,861
3,018
2,836

18, 856
16, 269
28,833
26, 101

5,448
7,453
8,362
8,182

5,117
4,276
4,841
5,428

244, 242
238, 736
229, 970
228, 037

204, 224
200, 897
194, 655
190, 492

23,825
21, 615
20, 136
22, 687

16, 193
16, 224
15, 179
14, 858

.261
.248
.237
.256

.300
.291
.269
.295

123
99
100
105

219
205
164
140

17
25
45
62

61, 288
58,091
50, 175
47, 056

5,485
5,537
4,134
4,053

36, 913
34, 168
28, 193
26, 540

10, 082
8,383
7,873
7,951

6,016
7,323
6,171
6,773

241, 264
244, 746
239, 877
243, 591

197, 775
196, 561
194, 668
197, 086

25, 961
29, 159
25, 551
25,758

17,528
19, 026
19, 658
20,747

.246
.224
.239
.236

.295
.266
.278
.275

96
111
106
71

161
200
232
239

86
142
135
50

34, 448
35, 982
24, 720
30, 228

2,707
4,310
2,690
3,395

18, 504
17, 883
10, 103
13, 118

6,728
7,993
5,773
6,537

4,902
3,785
4,517
4,116

249, 272
253, 921
259, 330

203, 227
209, 902
215, 668

24,059
23, 118
22,946

21, 986
20,901
20,716

.246
.219
.203
.226

.275
.246
.242
.250

2,850
2,711
3,198
3,590
2,826
3,435
3,484
3,168

1,201
1,186
1,018
995
779
860
1,058
915

45
43
44
54
61
74
79
69

139
188
218
193
174
189
194
149

42
38
33
35
29
32
51
55

42, 854
41, 490
46, 350
53, 856
60, 526
52, 589
30, 158
62, 070
42, 520

1921 monthly av... 634
1922 monthly av... 723
1923 monthly av... 764
1924monthlyav._. 799
1925 monthly av._ _ 821
1926 monthly av... 848
1927 monthly av... 793
1928 monthly av... 706

317
349
375
411
446
429
407
390

3,249
3,593
4,445
4,406
3,587
3,386
3,636
4,143

1,084
911
961
999
1,000
1,080
1,074
1,124

60
69
68
75
81
91
96
93

136
161
188
243
220
208
212
212

54
50
42
43
41
46
52
53

29, 004
45, 931
44, 298
29, 713
30, 203
30, 715
37, 176
42, 146

1927
May
June
July
August

785
799
743
838

462
430
355
389

3,766
4,253
3,431
3,050

992
1,058
1,014
1,168

115
98
89
109

213
215
148
161

14
21
33
59

September
October
November
December

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
117
132
79

174
208
248
254

1928
January
February
March
April

711
666
665
623

383
374
407
438

5,479
5,780
5,140
3,446

1,151
1,048
1,016
918

66
61
81
96

A ucjust

723
706
662
717

473
398
362
369

3,804
4,078
2,984
2,545

1,015
1,109
1,076
1, 196

September
October
November
December

764
801
762
667

352
405
378
341

2,508
3,713
4,455
5,782

1,307
1,409
1,189
1,053

..

Calf
and
kip
skins

WHOLESALE
PRICES <

« 6, 815 » 19, 160
6,372
18, 629
25, 671
5,576
34, 053
4,076
5,221
33, 683
2,466
30, 890
632
18, 421
5,380
33,940
2,928
22, 944

160
141
152
197
262
288
331
338

May..
June
July

Cattle
hides

Thousands of pounds

582
563
596
692
863
986
841
717

_

Total
hides
and
skins

1
03

Thousands of animals
1909-13 monthly av
1913 monthly av
1914 monthly av...
1915 monthly av...
1916 monthly av
191 7 monthly av...
1918 monthly av...
191 9 monthly av___
1920 monthly av.__

STOCKS, END OF MONTH 3

Calfskins, country
No. 1 (Chicago)

United States

IMPORTS 2

Green, salted, packers' heavy native
steers (Chicago)

INSPECTED SLAUGHTER 1

5,289*
5, 684
5,495
6,257
8,461
6,999
4,372
7,086
6,896 6 435, 477

e 340, 339

$0. 184 $0. 189
.196
.210
.242
.215
.262
.338
.327
.406
.301
.371
.393
.685
.312
.368
8 63, 139 e 32, 916

1929
January
February
March
ApriL...
May...
June. _

._

1 Data for the United States compiled by the 17. S. Department of Agriculture, Bureau of Animal Industry, representing animals slaughtered under Federal inspection,
which according to the 1919 census amounted to 68 per cent of all hogs slaughtered in that year, 82 per cent of cattle and calves, and 91 per cent of sheep and lambs. The
data in number of animals are given here as indications to hide output. Monthly data from 1909 appeared in the August, 1927, issue (No. 72), p. 138. Data for Canada
compiled by Dominion Bureau of Statistics, and cover all slaughter under Canadian inspection. Monthly data on Canadian slaughter from 1913 appeared in the February
1927,2 issue (No. 66), p. 23.
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
a 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 Cen sus, the
returns for hides and skins are expressed in numbers of hides and skins. For the above summary these have been reduped to pounds on the basis of the average weights
of each
class. The detailed reports also show the various kinds of skins held and where located as between tanners, dealers, etc.
4
Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices.
5
4-year monthly average, 1910-1913.
6 4 months' average, September to December, inclusive.




58
Table 37.—LEATHER AND LEATHER PRODUCTS
SOLE AND BELTING LEATHER

YEAR AND
MONTH

Sole
In
only * Total' process
Thous.
ofbacks,
bends,
and
sides

Finished

Exports8

Price, sole, oak,
scoured backs
(Boston) *

Stocks, enda of
month

Production

UPPER LEATHER

Dols.

Thousands of pounds

Kf

Stocks, end of
month *
Production a

In
process

Finished

a®

Exports 3

25, 657
24, 557
27,411
21, 665
22,431
21,859
24,734

111, 217
100, 679
107, 144
88,429
87, 081
80, 148
86, 171

193, 528
186, 434
171,631
149, 508
126, 856
95,006
63,855

1,198
1,300
1,459
1,877
1,616
1,127
819
848

.55
.52
.51
.45
.48
.44
.49
.64

57, 986
72,963
78, 019
64,118
63, 407
69, 681
67,420

164, 216
166, 770
158, 852
133, 758
140,367
152,301
148,432

423, 021
428, 169
387, 376
358,168
305, 637
292,108
258, 144

1927
May
June
July
August

1,378
1,352
1,356
1,393

25,842
25, 034
25, 576
26,040

90,395
91, 441
88,489
84,753

66,298
66, 315
65, 746
63,571

521
819
820
753

.45
.49
.51
.53

60, 197
69,866
60, 224
72, 095

144, 257
142, 181
150, 216
148, 821

September.
October
November .
December..

1,337
1,325
1,246
1,243

24, 447
24, 230
22,704
23, 034

81, 015
79,600
79, 669
82,065

61,355
60, 811
59,163
57, 017

730
800
719
924

.53
.55
.55
.59

69, 399
70, 081
66, 056
72, 143

1928
January
February..
March
April. .

1,223
1,240
1,363
1,358

23, 095
23, 409
25, 245
24, 761

85, 396
86, 028
87, 299
89, 181

54,828
54, 085
54, 302
57, 335

1,265
1,076
971
753

.59
.65
.65
.66

May
June.. _ _
July
August

1,407
1,399
1,436
1,463

25, 140
24,971
25, 070
25, 701

90, 734
91, 781
90,949
89, 508

59, 614
63, 921
69, 557
72, 439

650
538
531
996

September.
October
November.
"OeceTnber

1,324
1,447

23, 510
25,.711
23,184

85, 990
83,388
80,931

72, 243
75, 188
77. 363

733
825
1,063
775

GLOVES

Wholesale prices <
WoMen's Men's men's
Pro- Ex- black dress black
duc- ports
3
calf
welt
kid,
Mutions
tan dress
ch er
calf
welt
(Bos- (St.
lace
ton) Louis) oxford

Production
(cut) «

Bols.
per Thous. of pairs
sq. ft.

Thousands of square feet

1,499
1,478
1,561
1,220
1,240
1,135
1,319

"H
fee

£8

1913 mo. av.
2,605 $0.44
1914mo.av_
4,319
.47
6,751
1915 mo. av.
.50
1916 mo. av,
.64
7,540
1917mo.av_
.83
3,657
1918 mo. av. 1,653
2,229
.80
10,222
1919 mo. av. 1,876
.91
1920 mo. av. 1,535 7 23, 742 U14,810 7 161, 573 1,758 .86 7 42, 344 7 142, 136 7400,906
1921 mo. av.
1922 mo. av.
1923 mo. av.
1924 mo. av.
1925 mo. av.
1926 mo. av.
1927 mo. av.
1928mo.av_

lb

SHOES

$0.27
.28
29
45
.58
.60
.97
.99

24, 389

27, 602

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

Dozen
pairs

10,416
9,228
11,264
11,392
11, 739
12,355
11, 297

.52
.44
.44
.45
.47
.45
.49
.56

23,898
26,990
29,260
26, 102
26,963
27, 043
28,551

746
450
612
526
550
476
460
361

7.00
6.51
6.43
6.25
6.39
6.40
6.43
6.75

5.18
4.74
4.85
4.88
5.13
4.92
4.93
5.00

$4.13
4.07
4.00
4.14

267, 949
251, 871
248, 819
245, 995

11, 151
11, 081
11, 755
10, 576

.48
.48
.51
.51

25, 626
27, 497
27, 775
35,061

586
591
456
337

6.40
6.40
6.40
6.40

4.85
4.90
5.00
5.00

4.00
4.00
4.00
4.00

208, 924
223, 177
213, 773
241, 652

144, 881
147, 790
148, 978
148, 121

241, 835
244, 268
250, 364
247, 409

10, 518
12,177
16, 530
14, 488

.51
.51
.51
.54

33, 933
32, 267
25, 973
23,525

312
376
433
381

6.50
6.50
6.50
6.50

5.00
5.00
5.00
5.00

4.00
4.00
4.00
4.00

229, 999
244, 090
225, 779
182, 810

71, 415
70, 509
73, 045
63, 730

149, 952
147, 315
141, 386
140, 713

245, 931
242, 361
249, 023
253, 557

15, 532
15, 567
14, 297
10, 846

.54
.60
.60
.60

26, 210
29, 628
32, 301
26, 629

388
303
471
394

6.75
6.75
6.75
6.75

5.00
5.00
5.00
5.00

4.03
4.15
4.15
4.15

177,884
194, 874
223, 271
210, 420

.67
.68
.67
.67

62, 074
66, 047
66, 464
73, 150

141, 068
143, 099
147, 443
147, 602

255, 397
262, 667
254, 563
253, 854

11, 400
8,949
8,403
9,000

.60
.53
.*57
.57

26, 427
27, 284
28,154
34, 974 .

409
318
344
331

6.75
6.75
6.75
6.75

5.00
5.00
5.00
5.00

4.15
4.15
4.15
4.15

224, 636
228, 039
202, 051
237, 043

.65
.63
.59
.59

66, 380
72, 092
62, 619

146, 010
143, 265
138, 803

247, 386
251, 350
253. 470

9,093
11, 174
10, 268
11.030

.57
.55
.49
.50

31, 000
33, 393
26, 078

275
340
403
355

6.75
6.75
6.75
6.75

5.00
5.00
5.00
5.00

4.15
4.15
4.15
4.15

213, 945
236, 907
223, 500

» 197, 593
188,854
200,536
208,039
217, 882

1929
January
February
March
April
M!ay

1
Prior to July, 1922, these figures were compiled by the Tanners' Council. Since July, 1922, they have been compiled by the U. S. Department of Commerce, Bureau
of the Census, representing practically the entire industry. Hence the figures from July, 1922, on are not directly comparable with those for preceding months.
2 Based on figures compiled by the U. S. Department of Commerce, Bureau of the Census. The data embrace returns from packers, tanners, dealers, importers, and
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.
a Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The exports under sole and belting cover sole leather only, while under
upper leather are included cattle, calf, goat, sheep and lamb, and patent. Exports of shoes include men's and boys', women's and children's boots and shoes but exclude
slippers, athletic shoes, sandals, and other leather footwear.
.
* Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices. Monthly data from 1920 on the St. Louis quotations
appeared in the September, 1922, issue (No. 13), p. 47.
„
« Compiled by the U. S. Department of Commerce, Bureau of the Census, from over 1,000 firms each month, comprising almost the entire industry. Figures for the years
1914, 1919, and 1921 are those reported by the census of manufactures for those years. Monthly data from November, 1921, appeared 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.
_
.
6
Compiled by the U. S. Department of Commerce, Bureau of the Census, by 206 identical factories (including data in earlier months for 1 factory now out of business),
representing
87
per
cent
of
the
leather-glove
industry,
according
to
the
census
of
manufactures,
1921.
Details
by
classes
are
given
in
monthly
press
releases.
 7 Average for last 4 months of year.
8 Average for last 6 months of year.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

59
Table 38.—NEWSPRINT PAPER
NEWSPRINT PAPER
Production

YEAR AND MONTH

United States >

Total

Ratio
to capacity

Short
tons

Per
cent

Canada 3

Consumption
by publishers

Total

United
States *

113, 251
105, 024
114, 543
125, 997

61, 251
67,284
72, 931

110, 248
142,091
148, 760

1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

102, 103
120, 641
123,750
122, 548
127, 527
o 140,352
123, 791
117, 913

67, 339
90,028
105, 519
112, 750
126, 851
6 156, 811
173, 912
198, 425

135, 395
119, 963
133, 207
129, 892
127, 395
129, 201
118, 929
127, 065

1937
January
February
March
_ _ _
April
May
June
July
August

-

-

_ _

Shipments
At mills
United
States »

Canada 3

United
States 2

Canada 3

In
transit to
pubs.

At
publishers

United States <

Imports

Exports

United
States «

Canada 3

62, 083
67, 922
72,563

38, 998
31, 713
24,035
23,929
23,324

13, 325
12, 597
10,682

66, 930
90,499
104, 793
112. 063
127, 096
• 156, 562
171, 896
199, 919

29,940
22,837
22,207
29,357
26, 867
16, 662
24,843
35, 202

130, 973
117, 636
128, 927
128, 666

158, 866
146, 365
169, 061
168, 711

186, 268
169, 536
157, 325
154, 167

126, 984
126, 289
119, 686
123, 926

113,858
106,049
114, 880
125, 215

147, 957
170, 738
151, 179
136, 829
148, 897
166, 780
172, 998

102, 172
121, 035
123, 111
122, 505
127, 862
» 140, 399
122, 877
116, 449

161, 724
151, 986
174, 094
166, 460

168, 241
156, 621
176, 356
186, 138

171, 586
171, 819
162, 449
180, 116

Price
roll,
f. o. b.
mill*

Dolls,
per cwt.

Short tons

1913 monthly average
1914 monthly average.
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average
1920 monthly average

79

Stocks, end of month

18,320
26,290
30,701
39,019
46, 593
49, 689
52, 311
60,822

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
40,999

188, 797
171, 121
175, 797
176, 855
152, 733
148, 043
216, 726

28, 211
36, 657
40,601
33, 942
32,205
36, 194
43,820

66, 042
85, 772
109, 070
113, 103
120, 702
154, 223
165, 589
179, 570

62, 969
79,960
94,830
101, 615
116, 805
144, 332
156, 822
185,382

5.00
3.69
3.89
3.83
3.70
3.50
3.25
3.25

15, 968
18, 426
22, 744
24, 105

17, 255
22, 769
28, 462
26, 389

232, 944
224, 572
227, 049
215, 329

43, 624
48, 251
42, 884
40,798

166, 102
134, 209
166, 532
147, 635

142, 329
141, 199
184, 502
123, 449

3.25
3.25
3.25
3.25

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, 472
159, 687
167, 475

149, 924
159, 495
140, 543
163, 115

3.25
3.25
3.25
3.25

September
October
November
December

114,659
113, 126
117, 166
119, 312

80
77
79
81

178, 815
191, 171
190, 293
181, 600

169, 286
184, 805
185, 202
182, 027

114, 003
116, 885
116, 468
123, 883

177, 195
188, 769
187, 766
181, 439

30, 751
27, 939
28, 543
20, 877

33, 384
35, 774
38,074
38, 117

225, 310
214, 872
214, 639
218. 177

45, 570
45, 789
46, 176
46, 708

168, 630
175, 484
188, 624
180, 670

168, 855
159, 284
179, 969
169, 202

3.25
3.25
3.25
3.25

1938
January
February
__
M^arch
April

119, 525
112, 302
121, 682
117, 553

84
79
80
84

187, 848
188,697
196, 761
191, 594

172, 952
162, 573
186, 232
181, 112

114, 211
109, 666
115. 502
118, 583

186, 358
189, 153
190, 305
193, 860

25, 905
28, 499
34, 648
33, 734

37, 731
39, 145
47, 657
46, 641

207, 449
215, 118
206, 392
188, 384

46, 522
48, 212
41, 613
43,363

177, 808
172, 635
172, 896
163, 179

157, 466
183, 414
216, 160
1*0, Oil

3.- 25
3.25
3.25
3.25

May
June
July
August

128, 065
119, 673
109,861
116, 120

84
83
82
77

202, 596
190, 757
187, 434
200, 480

186, 641
170, 892
152, 763
162, 184

124, 316
116, 901
109, 849
114, 768

203, 836
185, 086
185, 069
197, 224

37, 207
39, 979
40, 386
40, 838

46, 290
47, 937
48, 270
52, 108

184, 580
186, 307
199, 214
209, 044

46, 627
42, 767
44, 266
39, 744

181, 913
163, 807
174, 667
173, 872

194, 298
174, 031
167, 456
179, 334

3.25
3.25
3.25
3.25

102, 821
122, 415
123, 646
115, 049

74
81
90

186, 396
217, 290
223, 645
208, 484

169, 625
189, 240

107, 834
121, 729
122, 761
115,033

197, 532
222, 430
233, 924
215,133

35, 687
36, 380
34, 691
34, 469

43, 800
37, 018
26, 254
19, 139

191, 287
188, 980

48,229
45,289

164, 648
200, 362
201, 416
207, 727

170, 840
214, 228
196, 187
213, 162

3.25
3.25
3.25
3.25

_
.

September.
October
November
December

1

1929
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, Dominion Bureau of Statistics. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 49.
< Consumption, publishers' stocks, and stocks in transit, compiled by the Federal Trade Commission through May, 1923, have been compiled since then by the American
Newspaper Publishers' Association from reports of about 422 publishers who were included in the 600 reporting to the Federal Trade Commission and had on hand on May
31, 1923, a total of 133,312 tons of paper as against 176,347 tons held by those reporting to the Federal Trade Commission on that date. Monthly data on newsprint paper
from 1920 appeared in June, 1922, issue (No. 10), pp. 45-47.
c Compiled by the 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.

e Annual averages are slightly larger than computations from monthly figures owing to receipt of annual instead of monthly reports from a few small firms.



60

Table 39.—BOOK PAPER AND PRINTING
BOOK PUBLICATION 2

BOOK PAPER i

Production
YEAR AND MONTH

1917 monthly av
1918 monthly av_—
1919 monthly av
1920 monthly av
1921 monthly av
1922 monthly av
1923
1924
1925
1926
1927
1928

monthly av
monthly av
monthly av... .
monthly av
monthly av
monthly av

Actual

Ratio
to
capac.

Short tons

Per
cent

New orders
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, 335

46, 439
48, 851
58,870
62, 354
71, 212

84

Coated

Unfilled
orders, end
of month

UnUncoat- Coated coated
ed

Per cent of
normal production

Days'
production

AmerImican
manu- ported
fac- books
ture
Number of
editions

SALES BOOKS a

New
orders

Shipments

Thousands of books

728
695
648
621
581
604

110
75
67
81
113
116

10, 046
9,592
7,665
10, 779

9,850
11, 118
8,264
10, 083

PRINTING*

CASH
CHECKS «

BLANK
FORMS e

Activity

Shipments

New
orders

Relative to
1924

Thous.
of
checks

Thous.
of sets

798

86
82
86
82
83

96
92
93
84

10
9
8
9
10

14
12
13
9

626
611
667
681
733
708

113
144
131
137
113
155

11, 344
10, 988
11, 991
11,931
12, 133
12, 400

11,488
11, 260
11,916
11, 967
11,931
12, 329

100
100
101
100
103

87, 489
79, 982
88, 297
86, 239
76, 038
77, 993

27, 145
31, 529
34, 524

1937
January
February
March
April

119, 965
111, 569
123, 839
110, 217

117, 565
112, 015
121, 858
110, 658

64, 847
64, 199
66, 767
66, 099

87
94
94
87

93
97
90
90

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

33, 091
29, 236
31, 360
31, 270

May
June
_ __ .
July
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

36, 739
34, 302
31, 237
33,838

September
October
November
December

106, 205
109, 391
111, 579
110, 463

84
83
85
83

106, 417
110, 813
109, 347
113, 225

75, 749
74, 234
76, 461
73, 403

76
76
77
82

82
85
77
79

7
8
9
8

9
9
8
8

830
981
738
720

89
143
102
102

12, 277
13, 851
12, 126
10, 671

12, 387
12, 898
13, 086
12, 934

99
105
104
105

76, 364
71, 625
82, 093
70, 413

35, 088
37, 258
36, 614
44, 257

1938
January
February
March
April

121, 509
123, 939
137, 572
125, 191

90
93
91
91

125, 033
123, 567
135, 370
117, 304

68, 265
69, 630
72, 415
81, 105

83
96
88
97

87
86
81
84

11
11
10
12

9
9
8
9

507
654
853
697

118
153
151
123

12, 329
12, 332
13,190
11, 796

11, 897
11, 722
11, 930
11, 807

108
109
112
111

75, 144
65, 865
78, 629
71, 715

43, 173
37, 172
40, 221
40, 880

May
June
July
August

130, 199
122, 387
117, 492
130, 416

90
84
80
89

124, 861
120, 551
118, 314
133, 024

86, 782
89, 385
88, 491
85, 836

74
75
77
77

77
73
80
79

11
9
10
8

7
7
8
7

599
745
555
551

119
113
128
169

12, 162
12, 711
12,098
12, 538

11, 645
13,100
9,986
13,738

111
96
96
97

80, 116
94, 668
70, 710
68,482

48, 024
53, 774
48, 963
58, 108

September
October _
November
December

117, 374
132, 633
127,328

86
87
90

120, 895
133, 429
125, 800

82, 403
81, 579
83, 211

81
83
84
77

80
86
80

10
10
10
7

7
8
7

835
933
765
797

261
160
104
264

11, 837
13, 958
12, 730
11, 123

11,976
14, 605
13, 080
12, 462

105
113

85, 489
86,889
81,204
77 008

50, 114
67, 957
59,429

1939
January
February
March
April
May__ __
June

_ _

1 Compiled by the American Paper and Pulp Association, beginning with June, 1923, figures previous to that date having been compiled by the Federal Trade Commission,
representing practically complete production. Owing to variations in the number of reporting firms, beginning with June, 1923, the data on production and stocks have
been computed by link relatives, based on identical firms from the previous month. Shipments during this period have been computed by applying to the computed
production figures the ratio of shipments to production of the firms reporting. Data on new orders and unfilled orders are compiled from weekly reports of a smaller number
of mills, 28 on coated paper and 10 on uncoated. Unfilled orders show the average number of days which orders on hand will need for completion.
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 not 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.
6
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
report shows these classes separately, together with values and relation to normal. Monthly data from 1923 appeared in the May, 1928, issue (No. 81), p. 48.
« Compiled by the Continuous Fold Printers Association, from reports of 7 firms, representing from 80 to 90 per cent of the industry and presenting data on new orders
of continuously printed and folded forms, such as invoices, bills of lading, etc., used by railroads, steamship lines, banks and commercial concerns. The association's reports

show number and value of orders and number of parts, divided as between railroad and steamship forms and commercial and bank forms. Monthly data from 1925 appeared
in the
May, 1928, issue (No. 81), p. 48.
7
http://fraser.stlouisfed.org/
11 months' average, February to December, inclusive.

Federal Reserve Bank of St. Louis

61

Operating
time

Stocks of waste
paper, end mo.

Operation

Production

Short
tons

PAPER-BOARD SHIPPING BOXES 3

Production

New
orders

Unfilled
orders,
end of
month

Thous. Per ct.
of inch- capac.
hours

Consumption,
waste
paper

Shipments

Stocks,
end of
month

In
transit
a
ii
dunAt mills shipped
Eurases H

Per cent of
normal

Short tons

101, 861
147, 745

1921 mo. av._
1922 mo. av__
1923 mo. av
1924 ino. av._
1925 mo. av_.
1926 mo. av__
1927 mo. av_.
1928 rno. av__

1,569
2,256
2,675
2,314
2,712
3,067
2,474
2,972

8,442
8,352
8,636
8,063
8,441

81.0
80.6
84.4
75.4
78.7

170, 490
185, 627
197, 788
210, 743
206, 444
223, 569

185, 788
197, 970
208, 857
206, 353
209, 338

98, 370
102, 502
99, 809
99, 798
84, 326

176, 854
185, 638
201, 829
197, 956
209, 338

1926
SeptemberOctober
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

1937
January
February
March
April

2,306
2,730
2,774
3,040

6,999
7,583
8,628
7,771

66.8
75.4
76.3
71.3

173, 629
189, 273
219, 824
205, 589

194, 285
183, 861
230, 065
197, 435

May
June
July
August

2,796
2,372
2,218
2,112

7,836
8,277
7,443
8, 878

74.8
76.0
71.1
78.5

200, 216
214, 704
190, 406
232, 587

September— .
October _.
November...
December ...

2,461
2,537
2,400
1,940

8,673
8,803
8,308
7,557

82.8
80.8
79.3
72.1

1928
January
February
March
April

2,547
4,382
3,626
3,450

7,833
8,137
8,844
8,312

May
June
July
August

3,720
2,705
2,153
3,092

September. __
October
November...
December...

2,431
2,644
2,196
2,718

Solid fiber

YEAR AND
MONTH

BOX BOARD a

Corrugated

BINDERS'
BOARD i

Table 40.—PAPER BOARD AND BOXES

Production

Total

Corrugated

Solid
fiber

Thousands of square feet

-i

45, 383
43, 508
52, 090
49, 016
53, 093

50
70
79
74
78
80
75
77

45
66
79
72
78
81
75
75

65
81
79
79
75
77
76
80

226, 622
291, 036
306, 743
350, 418
404, 859
393, 354
417, 698

149, 323
211, 654
231, 190
274, 516
321, 505
315, 405
337, 327

77, 299
79, 382
75, 553
76, 397
83, 353
77, 949
76, 317

120, 087
142, 830
151, 187
166, 153

70, 311
59, 076
46, 175
34, 662

81
87
80
70

83
89
82
70

76
81
72
65

441, 372
476, 543
431, 378
359, 602

354, 798
386, 104
353, 307
287, 714

86, 574
90, 439
78, 071
71, 888

53, 532
53, 327
54, 566
50, 211

163, 023
158, 222
155, 513
147, 938

38, 062
40, 602
43, 789
46, 314

71
81
79
77

72
82
80
76

68
78
76
77

371, 748
421, 165
421, 110
403, 165

293, 677
336, 910
338, 400
322 002

78, 071
84, 255
82, 710
81, 163

201, 788
211, 828
194, 285
229, 722

48, 908
52, 452
49, 307
52, 071

149, 438
151, 671
150, 709
128, 818

59, 289
43, 807
51, 255
70, 035

75
67
68
72

75
68
69
76

76
64
66
82

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, 652
219, 627
203, 962
179, 447

228, 213
226, 647
212, 830
183, 442

42, 923
41, 630
41, 105
42, 777

126, 548
126, 040
128, 639
150, 036

51, 441
57, 936
50, 276
35, 382

80
85
77
66

79
85
76
64

84
83
81
72

386, 039
427, 263
395, 491
342, 376

308, 585 77, 454
348, 835 78, 428
320, 511 74, 980
272, 807 69, 569

80, 417
85, 862
93, 380
84, 513

189, 744
193, 966
209, 649
211, 898

196, 984
209, 477
237, 621
220, 315

49, 032
50, 350
40, 439
40, 319

153, 747
140, 104
139, 255
132, 621

62, 181
60, 038
47, 322
47, 551

69
77
80
74

67
75
78
72

75
84
85
80

347, 622
402, 183
425, 361
405, 319

227, 280
326, 430
348, 835
327, 815

70, 342
75, 753
76, 526
78, 845

224, 366
228, 252
209, 976
236, 682

73, 157
77, 782
79, 492
81,816

220, 750
204, 468
190, 810
213, 626

235, 794
223, 901
203, 741
233, 104

49, 107
53, 560
49, 969
47, 709

127, 217
130, 484
132, 265
117, 009

46, 375
43, 480
62, 056
48, 108

72
76
72
79

69
74
71
77

80
83
75
84

402, 956
423, 282
404, 520
441, 792

323, 493
341, 291
235, 732
364, 756

79, 463
81, 991
68, 788
77, 036

234, 449
240, 391
248, 147
197, 148

87, 097
81, 022
93, 203
94, 174

217, 361
240, 930
222, 693
196, 164

228, 880
245, 133
235, 228
197, 029

45, 271
43, 627
47, 693
55, 624

116, 197
127, 989
136, 100
148, 096

53, 344
73, 235
49, 982
43, 447

79
88
82
71

78
89
82
72

80
83
79
68

434, 371
454, 662
454, 354
415, 958

359, 553
374, 342
370, 302
348,090

74, 818
80,320
84, 052
67, 868

185, 411
197, 702
210, 162
206, 761
222, 267

31, 667
28, 967
45, 031
50, 271
54, 472
56, 509
48, 570
47, 725

162, 097
172, 962
153, 773
144, 716
133, 424

212, 608
216, 871
201, 633
159, 969

227, 824
233, 593
211, 005
172, 815

62, 669
55, 650
62, 058
55, 159

105, 669
102, 005
114, 369
101, 861

163, 337
182, 322
209, 730
189, 942

175, 528
189, 032
217, 876
209, 944

194, 122
213, 735
213, 649
227, 978

93, 248
94, 847
109, 616
106, 076

193, 077
207, 187
182, 283
227, 907

225, 617
224, 195
213, 056
188, 228

235, 936
220, 215
184, 551
180, 409

116, 383
102, 810
76, 032
74, 664

75.5
78.4
78.2
79.4

203, 882
211, 862
227, 344
221, 074

204, 128
215, 333
244, 871
211, 304

8,734
8,200
7,992
9,236

80.2
75.3
76.3
81.6

242, 394
228, 646
201, 153
230, 750

8,344
9,365
8,666
7,632

83.0
82.3
82.2
72.4

224, 971
243, 794
241, 924
205, 046

1929
January. _
February
March
April
...
May _
June

_
1

1

1

Compiled by the Binders Board Manufacturers' Association, from reports of 6 firms (including in previous years firms since consolidated or out of business), the association's
output representing 84 per cent of the total output of the industry in 1925, according to the census of manufactures.
2
Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 89 identical manufacturers each month, including figures from the members of the
Paperboard Industries Association, formerly included in the Box Board Association, prorated from weekly reports. These box board data included all paper board of more
than 0.009 inch thickness, such as strawboard, chip board, news board, etc., used for making boxes. Similar paper board designed for making specialties, and boards of less
than 0.009 inch thickness are not classed as box board. Capacity data are determined by the number of working days in each month, Sundays and holidays excluded.
The 3data almost completely cover the box board industry.
Data from the Paperboard Industries Association, comprising the former National Container Association, which in turn had merged the statistical activities of the Container Club and the National Association of Corrugated and Fiber Box Manufacturers, who formerly reported separately. 30 identical companies report corrugated board
data and 11 report solid fiber data. Data for the former individual associations, extending back to 1919 for the Container Club, are given in the August, 1923, issue (No. 24)
but are not comparable with data shown here, as the former National Association of Corrugated and Fiber Box Manufacturers reported in their totals single face board (used
principally for wrapping purposes), which is excluded from the tabulation above. Monthly data for 1921 and 1922 on the present basis, including relative prices of finished
board and raw materials, appeared in the November, 1923, issue (No. 27), p. 89. The production of boxes is measured by the area of board passing through the box machines.




62

Table 41.—WRAPPING, FINE, AND TOTAL PAPER
WRAPPING PAPER

WRITING (FINE) PAPER

Production
Ship- Stocks,
Ra- Shipend of
Ra- ments
month Actual tio to ments
to
Actual tio
cacapac.
pac.
Per
Short
Per
Short tons
cent
tons
cent

ALL OTHER GRADES

Production

YEAR AND
MONTH

Stocks,
end of
month

Production

Shipments

Stocks,
end of
month

Short tons

TOTAL PAPER

Production
Stocks,

ShipRa- ments
end of
tio
to
month
Actual capac.
Per
Short tons
cent

1917 mo. av
1918 mo. av
1919 mo. av
1920 mo. av
1921 mo. av
1922 mo. av

60, 626
59, 500
57, 851
69, 324
54,300
69, 689

57,946
60, 588
58, 993
68, 573
53, 213
68, 375

53, 551
37,664
54, 702
26,013
55, 465
61, 228

24,030
30, 668
28, 647
32,444
20, 207
30,088

23, 578
30, 495
28,902
32, 544
19, 900
29,859

32, 500
29, 308
36, 845
29,268
37, 377
36, 630

70, 658
77, 757
76,085
98,627
70,426
102, 758

69, 422
78, 619
76,394
97, 095
70, 453
102, 640

41,093
29, 308
37,500
36, 594
49, 044
47, 488

493, 304
504,294
515, 861
533, 278
409, 398
552, 748

1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
1928 mo. av

85,320
84, 639
90,615
89, 582
90, 596

81, 866
83,470
93, 822
90,416
88, 122

67, 370
108, 635
99, 577
68, 741
75, 621

31, 341
30, 810
37, 410
38,259
37, 22(5

30,511
30, 512
37, 345
38,035
37, 321

43, 913
50, 278
50, 650
51, 571
50, 564

90, 630
92, 752
99, 737
102, 790
99, 895

89, 570
95, 767
99, 127
102, 755
98, 705

53, 279
57, 811
62, 855
74, 312
70, 436

594, 996
618, 946
660, 114
693, 346
669, 401

J85

«91

238, 113
189, 240
238, 999
181, 910
239, 697
235, 371

»80

617, 479
662, 096
693, 259
665, 459

278, 239
345, 203
353, 290
330, 267
341, 329

1926
September
October
November
December

90, 432
95,384
92, 125
89, 475

90, 342
95, 289
92, 309
90, 459

64, 444
67, 914
67, 446
67, 860

36, 751
37, 756
38, 113
35, 650

36, 420
40,021
36, 779
35, 472

53, 843
51, 609
52, 959
52, 408

103, 174
109,903
105, 511
96, 260

105, 522
114, 260
106, 946
97, 908

75, 215
68, 908
67, 746
65, 894

707, 084
724, 751
709, 333
639, 141

708, 565
746, 150
700, 621
650, 062

341, 270
321, 092
324, 931
315, 704

±927
January
February
March.
April

91, 760
86, 051
98, 325
93, 419

90, 934
85, 449
95, 179
87, 627

68, 465
66, 916
69, 116
72, 705

35, 148
34,064
39, 195
40, 539

35,043
35, 869
40,684
39, 931

52, 794
50, 999
49, 518
49, 446

100, 755
93, 572
108, 797
99, 211

99,762
95, 095
107, 835
98, 063

67, 593
65, 697
66, 662
67, 589

656, 652
634,482
723, 187
678, 867

649, 805
635, 096
712, 359
674, 889

323, 229
319, 564
329, 373
330, 155

May
June
July
August

84,451
88, 818
85,305
94, 193

80,735
87, 219
82, 490
92, 215

73, 081
74, 532
76, 796
78, 626

38, 734
37, 635
33, 360
37,098

38, 424
36, 167
35, 729
35, 688

50,436
51, 695
48, 801
50, 199

100, 357
100, 515
90, 382
103, 623

98, 298
99,025
90, 583
102, 358

72, 942
73, 897
72, 738
74, 302

654, 757
681, 729
619, 261
707, 551

646, 414
670, 608
623, 450
085, 805

340, 985
351, 226
348, 949
361, 282

September
October
November

94
87
82
78

86, 646
92, 424
91,329
85, 220

81, 737
80, 907
79, 653
84, 916

37, 329
38, 814
36, 665
38, 136

92
92
87
91

36, 769
38, 892
37, 398
37, 259

50, 756
50, 903
50, 173
51,044

101, 157
103, 058
98, 749
97, 720

102, 311
103, 040
99, 251
97, 835

73, 357
72, 594
69,106
68, 751

674, 663
681, 379
670, 694

85
81
79
76

674, 359
688, 701
666, 623

355, 273
348, 207
345, 041

T)eC6mbfir

89, 696
92, 795
93, 479
88, 863

1928
January
February
March
April

96, 223
93, 249
101, 618
91, 744

91
89
89
86

93, 144
93, 249
96, 334
89, 542

87, 895
87, 593
92, 551
93, 975

37, 471
38, 870
42,399
40,288

93
97
93
92

35, 550
38,287
43, 459
37,548

52, 410
52, 973
51, 850
53, 741

99,588
96, 075
106,528
99, 266

98, 946
93, 680
105, 905
97, 858

60,838
66, 766
66,466
69, 798

678, 198
676, 297
735, 393
695, 116

82
82
82
85

663, 868
667, 926
732, 441
681, 020

344, 345
355, 811
358, 369
372, 672

May.
June
July
August—

97, 793
90, 577
88, 477
100, 779

87
84
86
89

94, 761
89, 309
94, 228
100, 174

96, 802
98, 344
92, 467
93, 340

40,904
38, 225
33, 984
39, 331

87
84
80
84

40, 863
38, 875
34, 562
38, 938

53, 791
53, 155
53, 156
53, 535

107, 475
104, 725
95, 454
110, 677

105, 705
104, 977
96, 056
109, 154

71, 569
71, 006
70, 578
72, 438

744, 775
704, 413
646, 863
727, 893

83
82
77
78

724,524
694, 514
656, 498
728, 933

395, 258
405, 429
396,044
393, 696

83,582
96,053
91,249

84
85
87

86, 173
94,900
87, 690

91, 977
93, 416
96, 979

34, 885
39, 680
38, 418

80
84
88

34, 885
39, 839
37, 611

53, 361
53, 788
54,395

100, 138
112, 529
105, 772

102, 437
115, 563
104,448

70, 140
61, 422
63, 578

663, 802
746, 172
727, 392

84
83
90

681, 164
749, 520
715, 770

378, 839
369, 752
380, 518

September
October
November
December

_

1939
January
March
April

May
June
1
Data to May, 1923, from the Federal Trade Commission, representing practically complete production; beginning June, 1923, production compiled from reports of the
American Paper and Pulp Association and prorated to represent complete production on the following percentages calculated on the production in the last seven months
of 1923, as compared with the total for that period derived from the Federal Trade Commission reports and the census of manufactures: Wrapping paper, 57 per cent;
fine paper, 80 per cent; "All other grades," comprising bag, tissue, hanging, felts and building and other paper, 65 per cent. Total paper figures are the aggregate of the
three previous production or stock columns plus, up to May, 1923, the figures on newsprint, book paper, and paper board as compiled by the Federal Trade Commission,
and, after May, 1923, the figures on book paper compiled by the American Paper and Pulp Association, the figures on newsprint as compiled by the Newsprint Service
Bureau, and the figures on box board as compiled by the U. S. Department of Commerce, Bureau of the Census, except that from June through October, 1923, when these
latter figures were not compiled, the paper-board figures of the American Paper and Pulp Association have been used, prorated up to complete production by the percentages which they bore to the box-board figures in 1924, or 60 per cent on production and 73 per cent in stocks. Stock figures represent paper at mills only. Shipment
data for wrapping and writing paper beginning June, 1923, have been compiled by applying to the prorated production figures the relation of shipments to production of
reporting mills, the shipments for "all other grades" being prorated at 65 per cent. The capacity ratio for total paper is computed by the American Paper and Pulp
Association
on firms reporting directly to that association and is therefore based on a somewhat smaller proportion of the industry than the other total figures.
2
 5 months' average, September to December, inclusive.



63

Mechanical

ConsumpProduction
and
4
tion
shipments 4

YEAR AND MONTH

Stocks,
end of
month 4

LABELS i

WOOD PULP
Chemical

Imports 8

Production 4

Consump- Stocks,
tion and end of 4
ship- month
ments 4

Price,
sulImphite,
ports 8
unNew
bleach- orders
ed «

Per
Dolls,
of
per 100 cent
capacIbs.
ity

Short tons

1909-1913 monthly average __
1913 monthly average
1914 monthly average __
1915 monthly average
1916 monthly average
._
1917 monthly average

125, 678
120, 589

117, 804

112, 145
145, 567

16, 463
13, 991
18, 105
14, 505
21, 876
23, 256

108, 617
120, 817
131, 525
105, 668
123, 495
131, 073

109, 817
120, 660
132, 308
106, 214
127, 802
131, 266

131, 170
154, 251
120,079
166, 889
136, 664
95,900

145, 727
. _ 142,464
154,083
132, 473

139, 796
143, 569
153, 495
137, 560

May
June
July
August

160, 192
130, 158
108, 322
102, 995

September
October
November
December

160, 572
159, 375

157, 797

25, 855
44, 799

25, 521
31, 130
38, 092
32, 860
35, 104
33,231

15, 457
16, 854
19, 429
15, 895
17, 984
25, 007

158, 008
161, 247
185, 780
127, 786
165, 198
185, 253

158, 930
160, 375
185, 536
127, 467
166, 438
200, 642

33, 671
53, 725
33, 720
53, 411
52, 518
62,472

32, 728
36, 147
56, 096
42, 196
86, 869
89, 745

3.84
3.52
6.58
3.50
2.56
2.97

195,007
225,804
204, 065
190, 693

20, 493
27, 591
25, 313
20,467
20,907

199, 140
205, 785
222, 937
215, 666

200, 793
206, 147
223, 597
215, 181

58, 492
41, 335
42, 089
40,232

106, 400
111, 044
118, 971
119, 181
124, 460

137, 997
135, 689
127, 623
136, 569

243, 762
238, 231
218, 795
185, 222

17, 217
20, 275
13, 344
18, 597

214, 848
214, 816
198, 988
220, 138

214, 918
215, 020
198,068
220, 162

39, 120
39, 086
40, 278
40, 254

92, 025
121, 051
137, 245
133, 783

120, 326
130, 465
143, 220
135, 632

156, 574
147, 160
158, 717
156, 872

28, 389
21, 190
28,308
24, 976

209, 776
213, 472
214, 936
210, 388

211, 744
213, 524
213, 772
207, 064

1938
January __ _
February
March
April
__

142,034
132, 743
143, 678
149, 652

139, 851
135, 952
144, 771
133, 702

159, 575
156, 366
155, 274
173, 174

21, 082
21, 151
21, 124
18, 549

209, 106
209,820
228, 692
210, 780

May
June
July
August

156, 258
133, 854
112, 403
114, 668

143, 015
135, 917
125,465
138, 309

186, 377
184, 314
171,098
147, 611

24, 024
20, 528
14,553'
17,233

September
October
November

108, 166
131, 558
148,089

122, 771
146, 383
145,443

133, 006
118, 182
120, 828

21, 953
23,884
19, 627
27 171

1918
1919
1920
1921
1922
1923

monthly
monthly
monthly
monthly
monthly
monthly

average
average
average
average .
average __
average

1 924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average. ._

106, 824

_

129, 325

$2.23
2.16
2.12
3.81
4.81

ABRASIVE
PAPER AND
CLOTH 2
Shipments

Domestic

Foreign

Reams

ROPE PAPER
SACKS 3

Table 42.—WOOD PULP AND PAPER PRODUCTS

Shipm'ts
Rel. to
19^119227

44.2
82.7
80.6

68,150
78, 363
47, 957
72,394
86, 916

9,171
11, 695
4,379
8,836
10, 943

2.58
2.68
2.87
2.64
2.52

83.7
86.0
87.4
81.4

79,002
86,891
84, 634
81, 665

10, 165
12, 435
13, 565
16, 050

116, 879
109, 699
117, 734
113, 948

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

38, 286
38, 234
41, 552
45, 198

119,090
133, 170
142, 736
152, 763

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

210,016
207, 926
230,484
211, 400

44, 726
47, 162
45, 854
43, 872

156, 164
130, 152
83, 352
80,592

2.53
2.53
2.53
2.53

80,505
83, 969
96,871
81, 782

17, 112
16, 169
" 20,558
19,634

106
97
109
92

222, 924
217, 456 .
200, 654
222, 116

225, 710
214,068
204, 512
221,008

42,120
45, 870
42, 580
44,682

90,736
122,474
129, 910
120,643

2.53
2.53
2.53
2.53

94, 309
88,569
81, 689
99,789

18,944
18,829
17, 657
17,875

87
83
89
111

201, 646
228, 434
219, 648

204, 378
231,800
218, 132

42, 510
40, 032
41,980

124,048
149, 112
126, 790
179, 548

2.53
2.53
2.53
2.49

95, 131
98, 576
91,405

18,281
20,085
18,601

102
113
107

7100

1927

1929
January
February
March
April

May
June
1
1 Compiled by the Label Manufacturers' National Association, said to include about 75 per cent of the industry. Full capacity is considered as 80 per cent of maximum
possible output in a 48-hour week. Data on production, compiled from January, 1921, through November, 1922, may be found in May, 1923, issue (No. 21), p. 85.
2 Data compiled by the Abrasive Paper and Cloth Manufacturers' Exchange, estimated to represent 90 per cent of the industry. The totals given include the shipments
of garnet, emery, flint, and artificial (silicon, carbide, and aluminous oxide) paper, cloth, and combinations. Figures are stated in equivalent reams 9 by 11 inches in
size. The data submitted show that in 1919 the total shipments were made up of the following approximate percentages: Garnet 39, emery 8, flint 32, and artificial 20
per cent. Details are given in the association's reports.
3 Compiled by the Rope Paper Sack Manufacturers' Association, comprising 15 manufacturers, said to represent approximately 95 per cent of the industry. Rope paper
sacks are bags or sacks made principally of old rope and used for flour, cement, lime, plaster, etc., but the figures presented here include only flour and meal sacks and are
thus4 on a different basis from those formerly included.
Data on production, consumption, and shipments by mills and stocks from the Federal Trade Commission to May, 1923, representing practically complete production;
thereafter compiled from reports of the American Paper and Pulp Association prorated to represent complete production on the following percentages calculated on the
production in the last 7 months of 1923 as compared with the total for that period derived from the Federal Trade Commission reports and the Census of Manufactures:
Mechanical pulp, 65 per cent; chemical pulp, 50 per cent.
* Imports from the 17. /S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
6 Price of sulphite domestic wood pulp is monthly average from U. S. Department of Labor, Bureau of Labor Statistics.

712 months' average July, 1921, to June, 1922. Numerical data not furnished by the association.



64

Table 43.—BUILDING COSTS AND HOUSING
BUILDING
MATERIAL
PRICES i
(1st of mo.)
YEAR AND MONTH

Frame
house

Brick
house

Relative to 1913
1913 monthly average. .
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average. .
1918 monthly average
1919 monthly average
lt}20 monthly average. _
1921
1922
1923
1924
1925
1926
1927
1928

1OO

1938
January
_
February
March
_ _ __ _
April
May
June __
July
August.

__ __ .

.
.

Sfipt.fi'm'hpr

October _
November
December .
1939
January __
February
March
April
May
June

._

_ •

ConFactory strucbuilding
2
tion
costs
costs a

Frame4

Eel. to
1914

1OO
100

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

PLUMB- HOUSING FIXING
TURES 6 RENTAL
ADVTS.

INDEXES OF CONSTRUCTION COSTS

Brick,
wood
frame*

Brick,
steel
frame 4

Reinforced
concrete4

Construction
costs 5

Relative to 1913 .
1OO
89
93
147
181
189
198
251

10100
1097

1»1OO

10100

1099
0109
0134
0164
0212
0269

i°100
10103
10114
10140
10171
10219
10284

1098
10101
10122
10155
10179
10209
10257

10100
1098
"102
10120
10147
10171
10210
10264

1OO
99
100
114
152
175
198
247

Wholesale
price,
6 pieces

Minneapolis,
Minn."

Dollars

Number

$67. 58

FIRE LOSSES
United
States
and
Canada 8

Canada9
only

Thous. of dollars

11 1, 319

$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

27, 721
34, 241
32, 433
31, 461
31, 125
32, 751
26, 716
25, 272

2,499
3,646
2,885
2,777
2,548
2,742
1,889

182
207
201
196
195
187
178

186
209
203
197
195
188
183

179
170
202
198
195
197
193
191

202
175
214
215
207
208
206
207

10196
10190
209
205
2.02
204
205
204

10216
10196
219
218
210
213
214
213

10201
10185
212
210
202
199
197
197

10207
10188
210
206
200
201
200
200

200
184
201
202
199
197
200
199

126. 45
119. 84
112. 81
107. 64
104. 27
100.35

1,886
3,082
3,673
4,788
5,096
5,160
5,020
4,857

178
182
184
179

183
186
187
184

191
192
192
192

204
205
205
206

205
203
203
203

214
212
212
212

196
197
197
197

200
200
200
200

199
199
197
197

98.59
98.40
99.35
100. 76

2,473
2,465
3,820
5,561

43, 261
41, 105
30, 377
25, 981

2,959
1,713
2,048
2,101

177
176
175
177

183
181
181
181

191
191
191
191

207
206
207
207

203
203
204
204

212
212
213
213

197
198
198
198

200
201
201
201

197
198
198
200

101. 11
100. 90
100.09
101. 21

5,212
4,378
4,060
7,712

23, 202
11, 123
17, 108
17, 724

2,860
1,909
1,491
2,356

177
179
177
175

181
184
182
181

191
191
191
*190

207
208
209
210

204
204
204
204

213
213
213
212

198
197
197
197

201
201
201
201

201
202
202
203

101. 13
100. 67
100.79
101. 23

7,930
6,454
4,886
3,328

17, 183
22, 414
22, 588
31,204

1,739
1,795
1,662

190

209

__ ..

1 Building material price indexes representing the relative cost of building materials entering into the construction of a six-room frame house and a six-room brick house,
from the U. S. Department of Commerce, Bureau of Standards, Division of Building and Housing, and Bureau of the Census, are based on prices paid for material by contractors
in some 60 cities of the United States. The prices are weighted by the relative importance of each commodity in the construction of a six-room house.
2
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 resluts. These index numbers are given as
of the first day of the month.
3 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.
4
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
may5 be found in the American Appraisal News for January, 1925, p. 9. Quarterly data, 1920 to 1923, inclusive, appeared in October, 1925, issue of the SURVEY (No. 50), p. 26.
Compiled by the Associated General Contractors of America, combining indexes of wages and materials in the proportion of 40 per cent for wages and 60 per cent for
materials, believed to be the average of all types of construction. The wage figures are those reported for hod carriers and common labor by the National Board of Builders' Exchanges for 12 cities: Atlanta, Baltimore, Boston, Chicago, Cincinnati, Cleveland, Detroit, Los Angeles, New York, Philadelphia, San Francisco, and St. Louis.
The material prices are averages for the same 12 cities as compiled by the Engineering News Record for the following materials: Sand, gravel, crushed stone, Portland
cement, common brick, lumber (all weighted equally), hollow tile (weighted one-half), and structural and reinforcing steel (both together weighted one-half). Monthly
figures
from 1921 were given in the May, 1927, issue (No. 69), p. 22.
6
Compiled by the U. 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
of each
item being given separately on monthly press releases.
7
Compiled by the Federal Reserve Bank of Minneapolis, showing number of advertisements in a Minneapolis newspaper each month of houses and apartments to rent,
both furnished and unfurnished. No effort has been made to eliminate duplications of houses advertised from day to day, and thus the total does not represent actual
number
of dwellings for rent, but it does indicate the trend.
8
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 9and seasonal index appeared in the December, 1923, issue (No. 28), p. 53.
Compiled by the Monetary Times, from weekly reports, representing property losses only, exclusive of losses due to forest fires. Details by Provinces are shown in
the periodical since 1924. Monthly data from 1909 appeared in the December, 1927, issue of the SURVEY (No. 76), p. 48.
1°
Average of quarterly figures.
11
4 months' average, September to December, inclusive.



65

CONTRACTS AWARDED

CANADA 3

UNITED STATES (36 States) 1
YEAR AND MONTH

Commercial

Thous.
sq. ft.
i 1913 monthly average _
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1
1918 monthly average
1919 monthly average
1920 monthly average

Industrial

Thous. Thous. Thous.
dolls. sq. ft. dolls.

Residential

Thous.
sq. ft.

Thous.
dolls.

Educational

Public and
semipublic

Thous. Thous. Thous. Thous.
sq. ft. dolls. sq. ft. dolls.

Public
works
and
utilities
Thous.
dolls.

Total
Thous.
sq. ft.

Total

Thousands of
dollars

CONSTRUCTION
VOLUME s

Table 44.—BUILDING CONSTRUCTION

Eel. to
1913

$32,013
20, 163
6,993
8,276
7,070
8,320
15, 836
21, 300

100
97
95
108
91
63
86
47

10, 897
8,107

$38, 882
30, 639

6,262
9,500
10, 669
17, 786
15, 065
12, 564

6,413
9,363
9,120
9,420
12, 589
11, 791
11, 012
12, 533

31, 803
47, 545
42, 743
49, 695
69, 639
73, 342
74, 764
70, 630

3,518
6,448
6,119
4,169
5,623
6,566
5,675
7,628

16, 893
31, 674
36, 932
29, 606
38, 562
56, 426
39, 635
50, 217

18, 812
28, 538
32, 562
35, 192
45, 043
41, 577
39, 523
45, 694

80, 139
123, 014
144, 541
170, 841
222, 664
214, 944
207, 466
226, 259

4,239
5,701
4,641
4,854
4,892
4,351
4,422
5,052

23, 918
29, 754
26, 719
30, 620
34, 434
30, £ 88
30, 733
32, 208

4,298
4,921
3,912
4,643
5,817
5,512
6,248
5,835

26, 268 45, 719
31, 653 55, 960
25, 386 55, 456
32, 728 60, 326
46, 077 73, 811
48, 347 89, 020
53,293 100, 938
47, 038 107, 380

36, 859
54, 552
56, 352
58, 869
74, 955
70, 245
67, 699
77,560

224, 070
318, 403
331, 776
373, 816
485, 187
508, 583
506, 996
533, 732

20, Oil
27,654
26, 188
23, 022
24, 831
31, 079
34,913
39, 336

89
135
157
163
177
180
188
197

10, 037
8,799
14, 712
12, 259

77, 829
65, 937
106, 925
78, 084

3,721
4,237
6,239
9,187

27, 134
40, 381
47, 560
40, 032

29, 757
31, 025
47, 938
47, 731

160, 029
158, 004
240, 312
259, 841

2,329
2,967
5,475
4,515

16, 675
21, 842
35, 413
34, 326

3,266
4,760
7,569
5,582

31, 625 53, 638
45, 765 49, 358
63,948 101, 717
58, 227 113, 246

50, 568
52, 348
82, 827
79, 722

368, 930
381, 286
595, 874
583, 766

16, 772
19, 517
17, 466
38, 582

129
121
135
166

12, 499
12, 395
12,485
10,880

69, 183
82, 543
81, 130
73, 698

6,062
5,541
5,484
5,839

42, 869
32, 985
29, 043
40,047

38, 228
42, 038
34, 803
39, 354

212, 500
233, 193
180, 840
201, 743

5,136
5,374
5,207
5,784

33, 655
40, 568
35, 006
40, 144

7,957
8,465
6,465
7,310

67, 334 105, 220
75,479 147, 343
52, 326 135, 581
61, 951 117, 053

70, 580
75, 231
65, 182
69, 863

530, 762
612, 111
513, 926
534, 639

46, 758
52, 229
50, 881
29, 881

197
212
221
238

9,723
11,821
7,451
9,082

56, 938
77, 726
41, 893
85, 286

5,453
5,544
6,382
4,406

48, 052
50, 370
49, 203
27, 938

38, 046
45, 608
41, 002
38, 747

196, 501
236, 870
207, 308
202, 447

4,114
4,103
4,477
3,582

28, 344
29, 699
30, 642
22, 480

6,810
6,393
6,014
4,381

52, 742 123, 254
48, 555 105, 932
45, 744 68, 716
35, 823 90, 194

64,858
73, 765
66, 560
60, 889

505, 830
549, 152
443, 506
464, 167

32, 788
47, 135
30, 260
36, 682

236
222
215
162

January
February
March
April

10, 803
9,084
10, 826
13, 896

65, 981 4,412
51, 564 5,384
69, 490 6, -940
80, 514 10, 834

34, 833
31, 716
48, 068
83, 208

37, 516
42, 548
54, 582
55, 281

186, 904
232, 574
266, 069
269, 325

3,380
3,071
5,209
5,071

22, 854
18, 232
33, 255
31, 829

3,955
4, 855
6,385
5,941

30, 055 69, 287
53,803 56, 134
49, 454 106, 511
45, 900 113, 746

60, 271
65, 137
84, 266
91, 222

410, 535
444, 023
572, 847
624, 523

20,480
25, 875
22, 946
56, 346

125
124
137
164

May
June
July
August

14, 316
13, 982
16, 835
11, 974

87, 162
90, 914
93, 144
57, 178

56, 655
52, 030
43, 093

8,548

31, 627
57, 464
31, 193
41, 318

42, 859

280, 292
250, 818
221, 345
207, 521

6,960
6,978
5,586
5,418

46, 073
43, 787
35, 315
33, 559

6,063
7,192
6,605
6,392

51, 503
56, 605
50, 380
45, 470

144, 738
124, 636
132, 853
114, 714

91, 693
90,971
78, 778
78, 638

641, 395
624, 224
564, 229
499, 760

70, 684
59, 926
38, 360
39, 449

185
244
237
239

September __
October

11, 442
13, 194
13, 050
10, 992

58, 525 10, 348
63, 263 9,705
65, 469 6,518
64, 352 6,092

112, 925
61, 170
35, 434
33, 647

38, 744
48, 298
40, 532
36, 191

196, 850
234, 654
194, 028
174, 731

5,651
4,876
4,290
4, 136

37, 088
30, 746
28, 719
25, 033

6,278
6,477
5,218
4,661

51, 317 115, 808
46, 820 146, 041
40, 079 88, 503
42, 842 75, 199

73, 146
82, 906
70, 599
63, 094

572, 513
582, 693
452, 234
415, 803

45, 439
44, 585
29, 038
18,905

266
243
222
148

1921 monthly average
1922 monthly average- _
1923 monthly average
1924 monthly average
1925 monthly average _
1926 monthly average
1927 monthly average
1928 monthly average

$10, 435
17, 813
24, 208
47, 085
50, 051
57, 459

20, 927
20, 006
13, 864
9,552
22, 218
12, 642

$38, 121
44, 068
32, 346
27, 785
77, 465
51, 669

2,399
2,745

$11, 722
16, 903

2,864
2,824

$17, 450 $49, 977
20, 765 . 56,374

53, 382 $245, 089
38, 275 240, 677

1937
January
February
March
April

May.
June
July
August

_ _

_

September
October
November .
December

1928

Novfvmbp.r

December..

6,020
10,523
6,214

1939
January
February
March
April

May
June

!__

i
—
1 Compiled by the F. W. Dodge Corporation from reports covering contracts awarded in small towns and rural districts as well as large cities. The data shown on this
page include figures from 36 States, all except Washington, Idaho, Montana, Oregon, Utah, Wyoming, Nevada, California, Arizona, New Mexico, and parts of Kansas and
Nebraska, comprising about seven-eighths of the total building contracts in the United States. Prior to 1923, figures for Colorado, Texas, Oklahoma, Arkansas, Louisiana,
Mississippi, Alabama, Florida, and Georgia were not compiled, and the totals for those years for 27 States have been prorated to the figures shown above by applying to
the 1923 totals for 36 States the percentage changes from year to year for the 27 States. The original area figures for the years 1915 to 1918, inclusive, used in these calculations, were estimates by the F. W. Dodge Corporation. Data giving monthly figures for 27 States (except that prior to May, 1921, North and South Carolina were not
included, which, however, made little change in the total) for 1920 and 1921 appeared in the May, 1922, issue (No. 9), pp. 71 and 73, and for subsequent months in the
August, 1924, issue (No. 36), p. 109. The reports of the F. W. Dodge Corporation show totals by districts and also separate the public and semipublic building group into
various classes, shown separately in the August, 1923, issue (No. 24), pp. 94 to 97, and also present military and naval and miscellaneous classifications, which are here
included only in the grand total.
2 Canadian building contracts furnished by McLean Building Reports (Ltd.); monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 46.
3 Compiled by the Associated General Contractors of America to show actual installations in construction as contrasted with contracts let. The index is a simple average
of structural steel bookings, common-brick bookings, Portland cement shipments, loadings of sand, gravel, and stone, shipments of face brick and shipments of enameled
sanitary ware. To allow for lag between the factory and the job, the index computed from these data for a particular month is shown as the construction installation
index for the following month. Monthly data since the beginning of 1921 were given in the May, 1927, issue (No. 69), p. 22.


http://fraser.stlouisfed.org/28914°
Federal Reserve Bank of St. Louis

66

Table 45.—DOUGLAS FIR, HEMLOCK, AND REDWOOD LUMBER
NORTHERN
HEMLOCK 4

DOUGLAS FIR i

Produc- Shiption
ments

YEAR AND MONTH

Exports 2
New Unfilled
orders,
orders end mo. LumTimber
ber

. --

192^ monthly average
1922 monthly average
1923 monthly average
1924 monthly average _
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

.

Production

No. 1, Floorcommon ing

Dolls. M ft.
b. m.

Thousands of feet, board measure
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average
1920 monthly average

Wholesale
price 3

349, 510
376, 882
373, 263
380, 351

322, 157
364, 646
355, 358
334, 915

297,
435,
508,
488,
543,
526,
497,

738
673
789
831
966
844
673

298, 506
409, 224
515, 951
497, 747
558, 067
529, 828
489, 839

416, 088
510, 318
509, 871
562, 805
536, 468
494, 763

37 936
51, 225
43, 165
51, 877
50, 659
57, 927
57, 155
63, 979

14, 371
31, 479
40, 427
28, 897
46, 314
43, 324
41, 378

532, 253
510, 319
468, 240
529, 120

548, 369
551, 950
499, 575
521, 958

553, 741
502, 709
489, 727
519, 719

59, 973
68, 544
52, 837
65, 121

542, 102
538, 968
497, 337
437, 352

492, 860
491, 070
411, 389
386, 768

487, 936
464, 211
452, 124
397, 511

410,
507,
508,
520,

397,
479,
479,
549,

571
879
879
264

444,
541,
521,
583,

514
206
062
733

358, 566

558, 217
583, 733
484, 803
389, 454

620,
508,
453,
381,

888
976
467
396

296, 343
337, 527
310, 220

315, 144
301, 267
269, 484

322, 754
302, 610
269, 484

Unfilled
Ship- New orders,
ments orders, end of
month

Production

Thousands of feet, board measure
|

$9.21
7.92
7 88
10.38
15. 88
18.25
25.42
29.92

56, 203
46, 848
23, 299
23, 240
23, 647
22, 700
25, 095
37, 602

Shipments

CALIFORNIA REDWOOD *

I

35, 327
33, 643
30, 056
27, 290

33, 169
37, 974
37, 051
19, 431

37, 460
36, 404
44, 243

28, 547
32, 759
35, 337

28, 745
39, 934
30, 576

11.83
15.25
19.42
17.25
17. 25
16.48
16.29

$46. 95
47.24
51. 57
45.33
42.18
38.93
35.65

16, 986
23, 483
26, 059
20, 416
21, 166
17, 436
16, 057

18, 435
26, 083
25, 351
18, 920
18, 082
19, 040
19, 006

39, 618
49, 035
53, 240
48, 136
43, 294
42, 326
40, 610
38, 265

28, 441
44, 010
49, 268
37, 583
38, 785
39, 165
42, 299
37, 045

29, 472
47, 805
46, 861
38, 129
38, 391
42, 371
42, 993
37, 664

38, 344
39, 458
55, 030
60, 165
44, 714

56, 865
47, 495
58, 441
48, 864

16.56
16.34
16.51
16.51

35.69
35.77
35.88
35.83

16, 931
14, 899
15, 395
21, 369

23, 922
24, 772
21, 324
22, 093

44, 692
37, 802
35, 177
53, 977

56, 527
41, 970
36, 055
53, 022

55, 619
51, 766
35, 147
42,373

70, 293
70, 132
68, 290
56, 495

73, 717
56, 204
61, 999
51, 072

64, 781
15, 498
47, 711
46, 492

16. 39
15.17
15.48
14. 80

35.83
35.47
35.08
34.50

14, 277
9,188
11, 026
13, 949

19, 187
17, 914
14, 261
10, 014

42, 343
43, 142
52, 925
36, 029

41, 418
42, 676
40, 578
26, 882

39, 680
36, 492
41, 376
23, 398

53, 807
45, 430
45, 962
41, 518

357, 604
386, 505
442, 517
488, 492

85, 299
45, 346
58, 020
58, 862

2,280
44, 226
43, 423
43, 226

15.23
15. 99
16, 03
15.99

34.04
34.04
34.13
33.97

11,425
13, 360
18, 089
14, 871

7,485
9,520
13, 255
16, 153

39, 454
43, 276
51, 210
38, 489

30, 201
38, 700
43, 847
38, 820

38, 783
37, 299
45, 316
36, 741

50, 415
48,000
49, 003
47, 916

516,
429,
456,
257,

714
688
601
845

71, 427
85, 174
54, 181
59, 236

60, 797
43, 142
45, 471
40, 837

16.70
16.68
16.99
17.75

34.47
35.15
36.13
37.19

22, 004
18, 426
16, 348
20, 449

20, 410
22, 343
18, 920
22, 661

41, 400
36, 190
30, 092
41, 137

47, 772
38, 825
29, 615
43, 983

49, 351
38, 022
31, 620
39, 855

47, 281
46,519
48, 910
45, 093

293, 657
297, 686
238, 149

64, 265
65, 795
60, 947
59, 193

44, 264
39, 330
47, 598
41, 939

17.32
18.06
17.92

38.85
40. 61
40.88

15, 315
16, 425
16, 359

19, 951
21, 042
17, 139

34, 329
27, 851
45, 834
29, 919

33, 107
32, 744
38, 715
28, 213

33,519
33, 115
38, 848
29, 524

47, 916
40, 350
32, 783
32, 379

1937
May
June
July
August

.

September
October
November
December
1928

January
February
March
April

_

May

June _July
August

_- .

September
October
November
December
1929
January
February
March _ ___
April
May. __
June
1

493
633
528
615

490, 175
480, 326
415,417

!
!
'

1

i!

.

I!

j

Compiled by applying the percentage figures of actual production, shipments, and orders to normal production of reporting mills as supplied by the West Coast Lumbermen's Association to the actual production of 124 mills for May, 1920. The production in that month was 447,647,540 board feet and has averaged about 75 per cent of the
total2 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.
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1921 for both lumber and timber appeared in the
December, 1923, issue (No. 28), p. 56. Lumber exports comprise boards, planks, and scantlings, rough and dressed, while timber exports include treated and untreated,
sawed, excluding logs and round timber.
3 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices. No. 1 common is given for the State of Washington,
while flooring price is an average for Pacific coast mills, covering 1 by 4, B and better grade, vertical grain. Monthly data on flooring extending back to 1921 appeared in
the November,
1926 issue (No. 63), p. 16.
4
Compiled by the Northern Hemlock and Hardwood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills, from actual reports of from
60 to 75 mills each month. Yearly averages covering the period 1913-1916 were shown in the August, 1924, issue (No. 36). The 1913 monthly averages on which the relative
numbers
were based are 37,664,000 and 36,442,000 board feet, respectively, for production and shipments.
5
Compiled from data furnished by the California Redwood Association covering 7 identical mills for 1918,1919, and 1920, representing 40 per cent of the capacity of all
listed mills; for the first 4 months of 1921 covering 10 mills representing 56^ per cent of listed capacity; for the remaining months of 1921 covering 11 miils representing
71 percent of the total listed capacity; for 1922 to 1924 from 14 mills representing 73 per cent; for 1925 and 1926 from. 15 mills representing 79 per cent; and in 1927 from 16
mills representing 83 per cent of the total listed capacity. The actual average monthly production of the 7 reporting mills for 1918 was 14,984,000 feet. On the basis of 40
per cent capacity, the 1918 average monthly production of all mills is computed as 37,460,000 feet. Regarding this as normal production, there has been computed the
probable production of the total redwood capacity based on the proportion which capacity of the reporting mills bears to the total of all mills, and in 1925 this computed
production was about 2 per cent larger than the total reported by the census of manufactures. The other data represent a similar relationship betw een the actual reported
figures and the total capacity of all mills. Unfilled orders are reported by 14 mills throughout the period, representing 73 per cent of the industry and prorated to 100 per

cent, monthly data on this item from 1924 through 1927 being shown in the April, 1828, issue (No. 80), p. 22.


67

Table 46.—YELLOW PINE LUMBER
\
NORTH CAROLINA PINE «

SOUTHERN FINE 1

Production

YEAR AND MONTH

Mft.
b. m.
1913 monthly average
1914 monthly average.
1915 monthly average
1916 monthly average
1917 monthly average _
1918 monthly average.
1919 monthly average

Op- Shiperations ments

P.ct.
full
time

New
orders

Stocks,
end of
month

Exports 3
Unfilled
orders, Lum- Timend mo. ber
ber

Dolls.
Mft.
b. m.

Thousands of feet, board measure

34, 627
24, 109
13, 674
13, 933
10, 069
2,991
12, 849
11, 245

$23. 04
21.37
20.29
22.64
31.54
33.76
55.00
74.53

1920 monthly avp.rq.gp.

423, 529
368, 307
380, 532
358, 031

441, 903
399, 160
379, 701
330, 229

446, 405
354, 287
376, 070
306, 559

1, 371, 652
1, 116, 259
937, 748
1, 187, 587

82, 270
52, 325
38, 353
40, 263
27, 369
24, 993
36, 481
53, 096

1921
1922
1923
1924
1925
1926
1927
1928

375, 438
431, 633
450, 165
453, 376
473, 336
447,. 857
431, 130
416, 171

394, 812
430, 673
458, 971
459, 483
471, 843
452, 646
427, 991
435, 707.J

399, 677
451, 395
451, 944
463, 763
474, 291
445, 749
436, 772
434, 292

1, 211, 174
1, 177, 627
1, 086, 042
1, 099, 374
1, 162, 665
1, 106, 661
1, 217, 034
1, 075, 415

36, 061
39, 522
54, 368
55, 827
58, 420
48, 464
59, 287
59, 074

7,228
12, 616
14, 237
14, 563
12, 866
10, 249
15, 177
13, 631

439, 870
426 123
413, 634
455, 796

460, 588
405, 744
399, 064
473, 029

463, 831
407, 970
388, 511
487, 599

1, 218, 391
1, 208, 417
1, 255, 002
1, 220, 663

314,
298,
283,
328,

563
504
243
561

63, 216
73, 035
72, 334
66, 790

457,
438,
439
419,

477, 046
446, 696
442, 920
395, 239

483, 097
453, 811
436, 385
398, 192

1, 193,
1, 190,
1, 194,
1, 207,

268
112
404
534

320? 096
346, 715
305, 164
287, 741

__

monthly average. _
monthly average
monthly average monthly average. _ _
monthly averagemonthly average
monthly average
monthly average-

92

» 302, 881
312, 763
341, 339

Price,
flooring 4

Production

Ship- New Stocks,
end of
ments orders month

Thousands of feet, board measure

34, 230
33, 514

32, 107
29, 791

35.98
45.46
41.70
41.89
46.49
45.11
38.48
36.49

30, 164
52, 543
48, 257
49, 144
54, 188
49, 474
51, 154

29, 052
52, 496
48,539
49, 337
51, 558
48, 901
51, 138

19, 746
13, 700
19, 851
8,254

39.32
38.96
38.31
37.68

50, 204
47, 649
50, 190
53, 781

48, 260
48, 637
43, 550
52, 930

16, 775
17, 542
8,925
16, 660

37.49
37.98
36.42
35.54

40, 017
41, 586
54,096

48, 393
67, 795

50, 918
50, 001
48, 727
52, 934

50, 330
35, 140
35, 910
36, 260

84, 070
48, 090
60, 550
120, 540

52, 129
57, 295
53, 522
48, 139

52, 234
56, 133
50, 813
47, 845

46, 900
42, 560
47, 670
44, 660

73, 080
64, 050
81, 060
68, 670

62, 020
55, 790

1927
May..
June
July
August

_-

*.

September
October
November
December

_

587
708
773
297

1928
January
February
March
April

418, 717
424, 525
460, 346
421, 911

97
99
100
99

426, 220
417, 652
481, 645
447, 083

473, 900
430, 141
498, 006
464, 896

1, 200, 031
1, 206, 904
1, 185, 605
1, 160, 433

352, 826
365, 315
381, 676
399, 489

• 66, 332
47, Oil
66, 527
53, 952

16, 453
17, 235
16, 515
13, 771

35.26
36. 12
35.69
35.74

40, 019
51, 317
47, 523
57, 155

37, 030
46, 746
54, 866
62, 978

38, 920
54, 080
49, 140
64, 610

May
June
July
August

440, 306
404, 679
405, 937
425, 493

99
96
88
87

489, 100
416, 006
435, 223
468, 672

420, 169
406, 470
434, 061
479, 370

1, 101, 740
1, 090, 126
1, 063, 109
1, 019, 050

349, 362
323, 985
335, 836
339, 038

75, 054
54, 313
62, 094
43, 287

21, 081
12, 933
12, 302
7,465

35.88
36.40
36.16
36.34

60, 039
57, 904
44, 471
45, 437

62, 125
59, 528
48, 433
48, 643

55, 790
59, 360
43, 190
49, 560

386, 671
427, 623
396, 256
381, 589

88
90
86
79

423, 218
464, 558
413, 295
345, 816

434, 884
444, 566
392, 674
332, 069

991, 781
954, 846
952, 395
978, 954

340, 875
320, 883
300, 262
286, 515

40, 837
75, 504
61, 759
62, 213

14, 897
14, 104
7,562
9,249

37.73
37.73
37.58
37.19

37, 457
48, 090
51, 548

39,900
51,590
49, 196

50, 890
58, 870
58, 310
66, 430

___

September
October
November
December

1929
January
February
March
April
May
June

_

_ _

__

r____

i The figures for southern yellow pine, except exports and prices, are computed data furnished by the Southern Pine Association. The method of computing is first to
find the percentage relation between the actual production, shipments, and orders of the mills reporting and the normal production of these same mills, or, in the case of
figures after December, 1927, the normal equivalent of the 3-year relative production, on which the association's statistics are now based. This percentage is then applied
to the normal production of the 192 mills. The average production in the first four months of 1916, 484,065,392 feet, is taken as normal production. There are no separate

from new orders and shipments. The figures are based on actual reports from about 180 mills on production, shipments, and stocks and from about 145 mills on orders.
Monthly data for 1921 and 1922 appeared on page 59 of the October, 1923, issue (No. 26). Monthly data 1917 to 1920 appeared in April, 1923, issue (No. 20). p. 49. Monthly
data2 on unfilled orders from 1926 appeared in the April, 1928, issue (No. 80), p. 22.
Data computed from reports furnished by the North Carolina Pine Association, Inc., for mills varying in number from 31 to 56, by first determining for a given month
the percentage which the actual data bear to the normal production of the identical mills reporting. This percentage is then applied to an arbitrary figure of 70,000,000
board feet, which represents the approximate monthly average normal production of the mills which reported in 1919. The resulting figures represent computed data
as of identical mills for each month. Stock figures are reported by a smaller number of mills, whose figures are first computed to compare with the larger number of
mills on the basis of new orders reported by both sets of mills, and then computed in the same manner as the other data.
n™ _.._- i.._v.
. „_.,.__ ... .„ ~ « ~
,~
~ ireau ojf Foreign and Domestic Commerce. Monthly data from 1921 on
9 -i^^ ^ _*u
irds, planks, and scantlings, rough and dressed, and exclude'short-leaf
, sawed, and exclude logs and round timber.
,
,
F
0 _ weekly prices for yellow-pine flooring, grading B and better, at Hattiesburg, Miss.
8
5 months' average, August to December, inclusive.



68

Table 47.—OTHER PINE LUMBER
WESTERN PINE'

CALIFORNIA WHITE PINE 2

NORTHERN PINE 3
Lumber

Produc- Shiption
ments

YEAR AND MONTH

Stocks,
end of
month

Unfilled
orders, Production
end of
month

Shipments

Stocks,
end of
month

New
orders

Unfilled
orders,
end of
month

Production

Shipments

Lath

New
orders

Thousands of feet, board measure

1917 monthly av
1918 monthly a v
1919 monthly av
1920 monthly av
1921 monthly av
1922 monthly av

109, 357
113, 424
113, 794
134, 467
74, 437
120, 689

110, 423
97, 784
109, 032
110, 697
76, 840
128, 606

1923 monthly av
1924 monthly av
1925 monthly av _
1926 monthly av
1927 monthly av
1928 monthly av__ __

145, 916
137, 661
150, 988
144, 094
130, 096

1926
September
October
November
December

881, 924
1, 063, 658
857, 812

31, 900
37, 284
36, 037
29, 114
45, 784

265, 113
287, 645
267.276
370, 303
382, 216

129, 140
135, 251
138. 820
148, 538
136, 328

914, 376
1, 033, 833
983, 967
1, 136, 101
1, 061, 429

101, 876
96, 061
116, 576
102, 694
90, 983

61, 972
76, 765
106, 570
95,804
92, 308

494, 177
568, 840
567, 021
601, 215
575, 181

91,932
84, 414

159, 663
178, 805

157, 977
153, 716
125, 685
88, 122

175, 618
162, 282
130, 469
112, 917

1, 154, 950
1, 150, 089
1, 142, 636
1, 127, 426

135, 870
126, 123
89, 995
68, 732

105, 384
98, 327
80, 753
78, 529

679, 154
659, 171
674, 249
690, 157

93, 291
92, 472
79, 548
91, 049

1937
January _
February
March
April

69, 113
80,234
117, 722
154, 742

114, 579
117, 193
143, 711
156, 237

1, 069, 835
1, 036, 454
1,014,062
1, 056, 021

50, 161
40, 062
40, 461
52, 668

72,082
71, 459
96, 590
92, 519

591, 017
560. 748
522, 422
477, 411

May
June
July
August

160, 121
172, 088
156, 524
169, 338

146, 741
144, 557
132, 122
150, 979

1, 027, 541
1, 050, 042
1, 073, 739
1, 095. 370

106, 389
131,713
125, 098
142, 196

99, 988
102, 571
96, 305
107, 248

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

133, 659
109, 490
92, 289
67, 617

48, 843
74, 843
139, 087
155,995

109,273
121, 504
151, 903
147, 406

889, 525
880, 228
585, 478
589,040

€0, 042
106, 554
119, 656
121,881

162, 986
163, 399
190, 727
175, 978

162, 616
169, 719
166, 087
182, 662

882, 558
419, 573
833, 576
905, 298

100, 543
119, 473
118, 791
113, 660

.. _-

1928
January
February
March
April
May
June
July
August

- -

-

September
October
"Nfn vein her
December

--

Shipments

Thousands

52, 561
48, 263
58, 368
39, 110
66, 387

September
October
November
December

Production

49, 033

9,581
8,669
12, 574

6,357
9,881
11, 097

44, 063
44, 621
45, 204
45, 163
37, 643
41, 234

38, 423
44, 406
41, 127
41, 110
34, 262
37, 582

13, 290
10, 825
12, 110
10, 527
9,908
8,782

12, 292
11,796
9,550
10, 735
9,998
8,104

40, 859
52, 296
25, 649
27, 693

48, 323
50, 396
39, 452
28, 115

46, 204
41, 460
24, 677
25, 550

10, 029
13, 050
5,729
6,372

9,846
9,796
4,342
4,668

145, 462
176, 797
181,585
151, 418

32, 493
35, 127
31, 109
42, 302

30, 557
33, 603
38, 777
41, 353

29, 184
32 393
33, 908
44, 555

7,251
7,338
6,532
9,866

6,261
7,795
7,875
9,675

93, 777
91, 290
81, 275
86, 322

148, 161
186, 405
182, 648
181, 262

47, 379
55, 502
46, 359
51, 054

43, 401
45, 188
40, 433
42, 501

44, 451
35, 045
39, 203
36, 884

13, 194
15, 722
13, 090
14, 272

13, 634
14, 758
15, 229
15, 612

629, 284
623, 671
624, 651
667, 618

90, 886
97, 683
70, 343
58, 797

187, 878
189, 947
222, 259
191, 837

46, 852
41, 148
32, 815
24, 300

39, 195
39, 175
32, 857
24, 680

32, 098
33, 698
27. 569
22, 156

11, 979
9,034
6,144
4,472

11, 819
7,941
5,377
3,994

79, 796
87, 810
100, 792
98, 924

609, 181
566, 957
534, 740
493, 696

65,307
79, 981
92, 677
83,965

191, 837
176, 156
175, 700
167, 582

33, 550
34, 513
32, 731
36, 412

29, 451
35, 413
39, 645
37, 914

32, 703
36, 470
38, 856
35, 926

7,315
5,726
5,143
6,184

5,300
5,609
9,593
5,927

134, 273
133, 064
123, 923
145, 491

107, 267
107, 019
105, 482
118, 310

473, 560
477, 079
506, 119
516, 764

102, 659
89, 802
96, 433
102, 805

164, 921
183, 610
190, 185
181, 014

45, 687
51, 756
52, 384
57, 335

44, 152
47, 243
48, 300
47, 755

35, 974
47, 018
41, 820
41, 435

9,967
11, 706
13, 476
12, 318

9, 316
11, 151
9,734
11,099

122, 708
126, 086
107, 501

105, 246
119, 074
94, 587

538, 136
552, 422
562, 528

86, 716
100, 760
81, 755

188, 747
183, 493
181, 665

51, 618
55, 031
26, 718
19, 554

44, 618
51, 378
41, 308
27, 632

44,209
41, 109
30, 282
25,179

12, 419
11, 777
5,230
4,118

8,897
8,937
6,560
5,121

40,273
34, 204
44, 512

50, 139
27, 768
48, 357

47, 739
42, 959
46, 599
40, 687
40, 537
41,441

172, 745
172, 152
192, 691
162, 763

70, 402
81, 203
90, 806
100, 179

482, 405
551, 687
567, 809
603, 451

104, 699
111, 508
82, 168
70, 563

46, 736
44, 698
69, 724
97, 096

1939
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. Beginning with 1928, several mills which withdrew from the association reported directly to the Bureau of the
Census, their figures being combined with those of the association to obtain comparable totals. Monthly data covering the period 1917-1921 appeared in the April, 1923,
issue2 (No. 20), p. 49, while for unfilled orders monthly data from 1920 through 1927 appeared in the April, 1928, issue (No. 80), p. 22.
Compiled by the California White and Sugar Pine Association from reports of from 13 to 26 mills prior to 1926; thereafter from 18 identical mills, except for stocks,
which are by a varying number of mills.
» Compiled by the Northern Pine Manufacturers' Association, and includes reports from both member and nonmember mills located chiefly in Minnesota. The number
of mills has gradually declined from about 20 mills in 1920 to about 13 in 1928. Monthly data on production and shipments from 1920 appeared in the September, 1922,
issue (No. 13), p. 48.




69
Table 48.—HARDWOODS

To- Untal sold

Stocks,
end of
month
To- Untal sold

Unfilled orders,
end of month

Total Unsold

Stocks,
end of
month

Unfilled orders,
end of month

Stocks, end
of month

WALNUT i

OAKi

GUMi
Unfilled orders,
end of month

New orders

YEAR AND
MONTH

Shipments

Production

TOTAL i

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

3296 3314 3341
361 332 340
330 308 316

3 2, 639
2,765
2,566
2,609

3

2, 058 3557
2,233
513
552
1,985
2,045
564

3501 3385
521
413
333
446
324
436

Production

Logs

Un- PurShip- Stocks
New filled
on orders
ments hand
orders chases

Thousands of feet, board measure

Millions of feet, board measure

1922
1923
1924
1925
1926
1927
1928

Lumber2

3115

103
108
112

3933 3732 3186
900 724 169
853 658 188
941 753 188

1,807
2,538
3,529
3,830
2,763
2,962
2,876

1,927
2,391
3,144
3,477
3,220
2,897
3,005

10, 214
8,153 3 2, 111
11, 463
3,359
3,352
19, 282
15, 552
3,125
2,899
11, 578
3,071
12, 868

3

Made
into
lum- Stocks
on
ber
and hand
veneer

M feet, log measure

4, 207
5,652
7,332
7,500
7,388
5,210

1,460
2,410
2,641
2,958
2,511
2,939
2, 444

1,327
2,114
2,727
3,011
2,438
2,645
2,557

2,087
3,282
3,106
4,158
2,069
2,918
2,784

1936
May
June _ _
July
August

353
390
386
386

308
315
341
353

326
345
345
349

2,480
2,521
2,556
2,601

1,953
1,968
2,003
2,027

501
531
538
552

442
460
464
448

338
342
332
330

99
112
114
113

788
806
860
874

606
620
673
688

174
180
181
179

2,787
3,043
2,134
2,610

2,778
3,074
3,057
3,022

16, 974
16, 992
15, 463
15, 046

2,692
2,880
3,101
3,353

7,181
6,930
7,418
8,027

3,380
3,417
2,399
2,361

2,630
2,803
2,168
2,439

2,151
2,961
3,193
3,093

September
October
November
December

390
386
371
338

349
379
341
296

394
375
345
278

2,640
2,639
2,641
2,751

2,026
2,010
2,032
2,043

589
605
587
606

429
434
436
462

314
318
318
336

112
111
113
122

902
914
920
991

689
692
704
802

204
214
204
193

2,640
2,320
2,378
2,996

2,806
3,688
3,310
2,502

13, 930
12, 503
11, 591
12, 202

3,547
2,920
2,737*
2,543

8,498
7,521
7,039
6,789

1,991
1,833
2,273
2,462

2,619
2,143
2,335
2,357

2,237
1,941
1,754
1,907

1927
January
February
March
April

345
345
341
255

315
353
345
319

338
375
353
334

2,738
2,690
2,648
2,524

2,129
2,068
2,032
1,940

609
621
616
582

452
444
432
382

320
315
306
280

132
129
126
113

936
957
941
930

776
762
748
732

160
194
193
200

2,417
2,606
3,319
2,547

2,809
3,303
3,115
2,745

11, 810
11, 103
11, 291
11, 093

3,621
2,564
3,736
2,978

7,591
7,574
7,279
8,243

2,441
2,117
2,858
2,285

2,088
2,361
2,738
2,176

2,260
1,927
2,047
1,918

May
June
July
August

240
285
315
386

334
300
274
296

330
255
266
319

2,428
2,381
2,465
2,557

1,876
1,858
1,949
2,014

550
524
517
543

379
387
414
427

276
290
320
329

103
97
93
98

876
856
886
939

683
673
694
737

193
183
193
202

2,717
3,127
2,967
3,314

2,884
2,987
2,661
3,127

10, 915
11,063
11, 436
11, 498

3,042
2,654
3,060
2,461

8,114
8,061
8,249
7,522

3,440
3,184
3,083
3,308

2,476
2,883
2,583
2,937

2,882
3,083
3,316
3,687

September
October
November
December

398
383
360
308

308
311
289
259

319
326
296
285

2,610
2,664
2,761
2,843

2,090
2,126
2,190
2,265

520
537
573
579

447
461
479
514

346
351
364
385

963
100
975
110
114 1,006
129 1,022

791
794
809
839

173
181
197
183

3,000
2,921
3,234
3,376

2,798
2,967
2,824
2,548

11, 796
11, 739
12, 149
13, 037

3,046
2,335
3,127
2,158

7,364
6,982
6,282
5,395

3,773
2, 549
3,515
2,709

2,995
2,814
3,035
2,656

3,465
3,166
3,646
3,615

1928
January
February _ _
March..
April

315
270
274
252

296
266
263
251

330
285
266
263

2,954
2,862
2,829
2,839

2,331
2,282
2,294
2,319

624
581
535
520

543
529
535
547

400
402
414
428

143
127
120
119

1,051
1,030
1,014
1,020

865
849
864
871

186
181
150
149

3,063
2,585
3,268
2,955

2,687
2,762
3,042
2,646

13, 264
13, 179
13, 327
13, 635

2,628
2,807
2,835
2,652

5,389
5,491
4,613
4,491

2,255
2,131
2,185
2,402

2,416
2,014
2,407
2,678

3,041
3,229
2,951
2,806

May __
June
July
August

244
236
244
263

255
248
263
285

244
263
262
289

2,843
2,817
2,786
2,771

2,305
2,289
2,225
2,211

538
528
547
557

540
555
542
543

420
424
419
410

123 1,005
130 1,000
974
124
959
132

844
854
809
800

162
146
165
159

2,894
3,422
2,527
2,931

3,388
3,000
2,742
2,863

13, 264
13, 530
13, 116
13, 166

4,180
2,538
2,731
2,990

5,540
5,216
5,088
5,270

2,972
2,519
2,633
2,736

2,769
2,670
2,527
2,579

3,009
2,752
2,996
3,058

September
October
November
December

270
285

293
315

293
323

2,731
2,722

2,164
2,132

566
589

529
532

396
398

133
134

954
918

775
746

161
171

2,749
2,857
2,806
2,460

3,299
3,419
3,478
2,734

12, 625
12, 249
11, 668
11, 396

2, 635
4, 174
3,033
3,649

4,741
5,483
5,117
6,082

2,274
2,702
2,504
2,014

2,643
2,606
2,888
2,489

2,684
2,636
2,359
1,884

_

1929
January
February
March.
April...
May
June

* Compiled by Hardwood Manufacturers' Institute. Data on production, shipments, and new orders are computed by taking the percentage relation of the actual production, shipments, and new orders of the mills reporting, and the normal production of these same mills and applying this per cent- to the normal production of 375,000,000
feet, which represents the approximate monthly average production of the mills in the Southern and Appalachian districts. For stock and unfilled orders the average per
operating unit for the mills reporting is applied to a fixed number of 700 operating units. The 700 units were arrived at by taking the annual production of 1926, approximately 6,500,000,000 feet, and dividing by 8,736,000 feet, the figures used in determining an operating unit for the mills reporting. The resulting figures represent computed
data for the entire country. For gum the fixed number of operating units is 400. Detailed data as to size, species, grades, etc., are given in the regular reports of the
Institute.
2
Compiled by American Walnut Manufacturers' Association from reports of identical firms representing from 50 to 60 per cent of the walnut lumber industry. Monthly
data3 on new orders and unfilled orders since July, 1923, were given in the April, 1927, issued No. 68), p. 25.
6 months' average, July through December.




70

Table 49.—TOTAL LUMBER AND FLOORING
LUMBER—ALL SPECIES

YEAR AND
MONTH

Produc- Exports *
tion 3

Retail yards, 9th 1
Fed. Res. Dist.*

1921
1922
1923
1924
1925
1926
1927
1928

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

Composite
prices 6

Stocks, Hard- SoftSales end
mo. woods woods

Thousands of feet, board measure
1909-13 m a
1913 mo. av.
1914 mo. av.
1915 mo. av_
1916 mo. av.
1917 mo. av.
1918 rno. av
1919 mo. av
1920 mo. av.

MAPLE FLOORING 1

Production

Ship- Stocks,
New
end of orders
ments month

OAK FLOORING 2

Unfilled
Unfilled
orders, Pro- Ship- Stocks,
New orders,
end of orders
end of duction ments month
end of
month
month

!

Dolls, per M ft., j
board measure I

Thousands of feet, board measure
1

2, 197, 334
2, 102, 537
2, 086, 531
2, 262, 175
2, 141, 144
1, 874? 419
2, 069, 522
2, 002, 193
1, 762, 263
2, 255, 034
2, 504, 591
2, 418, 867
2, 623, 901
2, 468, 403
2, 325, 804

178, 398
216, 037
149, 148
93, 947
91, 208
84, 971
85, 314
109, 268 7 30, 995 7 215, 564
129, 280
16, 786
203, 175
100, 401
127, 743
146, 071
161, 500
161, 687
161, 714
179, 943
193, 640

13, 838
15, 496
14, 651
13, 403
17, 187
13, 688
11, 698

153, 155
126, 744
127, 719
111, 606
111, 258
95,002
89,604

I

48.98
27.42
30.79
33.86
30.95
30.71
30.57
29.86

40.33
46.72
43.11
41.80
41.56
41.13

10, 039
10, 383

11, 848
8,259

15, 448
15, 963

14, 163
5,106

38,289 1
28,723

8,378
11, 479
11, 734
8,603
8,828
9,618
9,563
7,867

8,121
11, 934
11, 805
7,865
8,428
9,983
9,163
7,760

30, 749
28, 040
21, 268
23,880
26, 979
28, 180
27, 633
25, 535

8,991
12, 194
11, 085
8,085
8,360
7,722
8,696
7,480

10,176
20,311
26, 804
12,347
10, 117
9,334
11, 920
9,529

4,572
6,675
7,464
9,205
11, 563
11, 120
4,858
10, 101
10, 745

4,572
6,009
6,877
8,894
11, 470
10, 446
5,537
11, 070
7,800

12, 171
10, 544
15, 877
17, 158
22, 489
25, 652
25, 680
14, 431
25, 859

4,719
6,104
7,419
9,525
11,429
8,956
4,781
11, 782
6,343

6,290
7, 285
7,578
7,547
16, 124
20, 074
7,270
15, 035
11,324

12, 411
22, 877
30, 103
34, 843
45, 808
47, 953
43, 833

13, 595
23,945
28, 878
35, 306
45, 342
45, 024
42, 756

32, 875
23, 006
33, 609
43, 773
47, 104
58, 293
75, 227

14, 058
23, 723
28, 313
35, 900
44, 785
44, 362
42, 203

12,003
33, 052
44,258
46, 562
52, 031
42,206
41, 606

,

i

1937
May
June
July
August

2, 447, 653
2, 411, 506
2, 283, 439
2, 577, 136

192, 997
213, 464
191, 145
191, 764

11, 351
16, 721
15, 092
16, 262

92, 186
89, 591
88,980
87, 699

41.96
42.47
42.59
42.40

30.65
30. 65
30.57
29.49

8,943
10, 420
9,308
11, 110

11, 802
11, 369
9,340
10, 718

25, 856
25, 976
25, 565
25, 487

14, 461
8.225
6,581
7,188

17, 544
16, 467
13,800
10, 879

46, 880
49, 231
44,904
46,958

55, 300
43, 242
36, 547
45, 309

61, 630
68, 476
75, 702
76, 639

55, 197
28, 856
28, 389
42, 423

62, 863
45, 528
34, 477
31, 789

September- _
October
November..
December ._

2, 487, 728
2, 374, 881
2, 280, 430
2, 079, 342

188, 579
171, 074
167, 986
168, 289

14, 122
15, 961
12,990
4,742

85, 970
80, 080
75, 271
80, 690

41.64
40.02
39.04
39.74

29.74
31.77
28.29
26.84

9,907
9,546
8,073
7,820

9,532
7,913
6,884
6,545

25,002
25, 825
27, 149
29, 115

7,488
7,130
5,954
6,654

9,459
7,997
7,650
8, 508

46, 105
45,292
40, 195
38, 548

44, 471
45, 091
37, 343
35, 074

76, 616
77, 438
79, 899
74, 773

43, 888
42, 563
37, 977
40, 496

29, 490
26,329
27, 965
27, 887

1938
January
February. _.
March
April

2, 002, 727
2, 225, 060
2, 446, 350
2, 392, 894

239, 145
158, 909
186, 541
179, 352

5,042
4,535
7,106
9,485

88, 976
94, 155
91, 428
93, 983

40.42
40.47
41.24
39.77

27.37
27.50
27.55
28.00

7,346
7,519
7,862
7,331

7,252
6,889
8,184
7,545

28, 721
29,118
28, 036
28, 326

8,161
7,712
7,211
7,036

9,154
10, 034
9,816
9,963

35, 947
38, 771
42, 272
42, 924

38, 080
40, 232
47, 599
46, 105

82, 239
82, 758
78, 855
77, 491

53, 888
36, 163
48, 815
46, 071

45, 925
42, 975
47, 134
48,004

May
June
July .. _
August

2, 474, 885
2, 331, 672
2, 204, 457
2,206,862

223, 649
220, 961
185, 368
162, 221

14, 364
22, 081
15, 937
17, 632

92, 064
88, 355
87, 345
86,807

38.39
38.42
40.06
39.98

28.39
28.74
28.81
29.00

7,070
7,608
7,784
8,413

8,256
8,686
8,311
9,515

27, 514
26, 271
24, 667
23, 232

9,197
7,867
7,466
8,851

11, 423
10, 500
10, 076
10, 187

47, 785
44, 444
46,065
51, 529

50, 256
49, 475
47, 832
51, 860

75, 948
71, 425
68, 851
67, 864

50,295
48, 873
45, 972
49, 427

48, 681
49,002
49, 912
47, 026

September..
October
November
December

1, 927, 716

170, 457
204, 979
184, 054
208, 045

17, 860
18, 242
14, 314

84, 984
81, 035
75,810

39.91
40.05
40.19

29.27
30.36
30.73

7,675
8, 204
8,721
8,866

7,929
8,543
6,230
5,784

22, 554
21, 352
21, 960
24, 674

7,110
7,230
6,537
5, 382

10, 106
7, 940
7,157
7,988

45, 926
51, 225
45, 794

45, 020
45, 652
37, 232

68, 456
72, 689
80, 331

43, 141
38, 132
43, 753

47, 099
41, 151
48, 052

1939
January
February
March
April
May
June

i
I

"

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 from 25 to 54 mills, said to represent about 90 per cent of the total oak-flooring industry.
The large increase in reporting mills is due to many firms starting to make oak flooring in 1927. Monthly data from 1912 appeared in May, 1924, issue (No. 33), p. 36.
s 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.
45 Exports consisting of boards, planks, and scantlings are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. »•
Data compiled by the Federal Reserve Bank of Minneapolis. Stocks represent the inventories of 19 companies retailing lumber through 588 yards in the ninth Federal
reserve district; sales represent the total retail business reported by 21 companies operating 625 yards. Data for 1919 were estimated for a few companies on the basis of the
correlation of reporting companies of 1919 and 1920. Monthly data from 1920 appeared in October, 1923, issue (No. 26), p. 59. Similar data for the tenth district, compiled
by the Federal Reserve Bank of Kansas City, are shown on p. 138 of the present issue.
« 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, cotton wood, chestnut, poplar,

hickory, and walnut. Figures formerly published covered only first week of the month.
? 7 months' average, June to December, inclusive.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

71

Table 50.—FURNITURE AND MISCELLANEOUS HARDWOODS
[

1®
§•«
Value Quantity

gs

Number
of pieces

Value average per firm, dollars

$32, 000
35, 000
20, 000
29, 000
35, 625
43, 025
50,584
55, 478
54, 650

$74, 000
72, 000
20, 000
22, 000
53, 493
53, 919
55, 414
60, 789
48, 576

$13, 281
11,317
7, 125
9,773
13, 767
11, 658
12, 288
11, 386
8,985

$17, 225
13, 160
4,433
6,960
11, 709
5,034
4,308
4,043
2,870

1937
January
_ __ __
February
March
April

44, 349
54, 286
64, 459
50, 782

65, 364
59, 180
40, 226
34, 798

8,427
8,580
7,837
8,129

3,490
2,921
2,286
2,004

May
Juno
July
August

48, 838
45, 812
44, 570
64, 153

33, 485
32,178
60, 608
64, 655

7,011
6,507
6,273
9,597

69, 344
88, 541
61, 177
39, 493

70, 268
54, 717
37, 546
29, 888

41, 335
55, 311
57, 106
44, 347

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
1928 monthly av_

_-

September
October.
November
December

1928
January
February
March ._
April
May__ _
June
July
August..
September
October
November
December

_

.
_ __

Number days'
production

Plant
operations

11

Cancellations

Shipments
Unfilled
Unfilled
Ship- orders,
New orders,
ments
end
orders
end
of mo.
of mo.

YEAR AND MONTH

Shipments

FURNITURE-GRAND RAPIDS
DISTRICT 3
Outstanding
accounts,
end of mo.

PIANO BENCHES AND
STOOLS 2

New orders

HOUSEHOLD
FURNITURE—
SOUTHEASTERN DISTRICT i

NORTHERN
HARDWOODS4

Production

No. Per ct. Per ct.
days' new
full
sales orders time

$12, 424
11,357 6 12, 465
6,427 10, 149
9,168
13, 689
13, 719
16, 540
11, 743 13, 969
12, 318
14, 979
11, 167
13, 829
8,848 11, 417

763
58
62
64
46

724
27
28
30
28

725
25
27
27
24

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

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

10, 988
14, 395
12, 291
7,784

3,884
5,331
4,883
1,803

9,863
12, 935
12, 667
10, 338

12, 469
17, 401
16, 661
13, 072

50
41
45
29

30
24
35
13

51, 033
46, 102
31, 939
25, 439

7,043
7,556
6,818
5,626

2,851
2,076
1,978
1,650

5,918
-7,647
6,933
5,955

7,617
9,781
9,104
7,694

44
42
34
30

43, 203
39, 214
43, 462
65, 947

27, 763
30, 858
59, 214
57, 288

6,581
5,145
4,662
6,396

2,094
1,372
1,183
2,323

6,136
5,812
4,914
5,251

7,958
7,414
6,223
6,020

65, 010
70, 030
59, 855

58, 576
50, 266
51, 136

9,508
9, 929
7,812

3,012
3,178
2,385

8,343
9,760
8,594

9,826
10, 972
9,790

Ship-]
ments

LOWER MICHIGAN
HARDWOODS «

Production

Ship- Stocks,
end of
ments month

M feet, board measure

797.3
96.8
97.5
100.0
97.2

32, 732
34, 206
27, 838
26, 500
37, 397
33, 352
34, 404
29, 981
28, 936

33,328
27, 509
19, 067
34, 204
38, 852
28, 533
29, 202
29, 371
27, 425

7,765
6,695

7,504
7,504

48, 183
38, 151

6.0
14.0
16.0
26.0

98.0
100.0
97.5
95.0

38, 053
40, 162
52, 610
40, 625

25, 178
28, 472
34, 848
27, 838

9,135
8,008
7,799
9,713

8,024
7,546
7,413
7,484

40, 804
37, 409
35, 897
47, 803

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

29
30
28
23

58
58
59
55

7.5
11.0
13.0
32.0

99.0
100.0
99.0
99.0

18, 536
15, 488
15, 469
20, 707

26, 475
27, 623
24, 556
19, 269

4,257
5,388
5,124
4,996

7,055
7,348
6,344
5,895

35, 491
33, 532
21, 350
30, 902

40
23
20
19

23
25
25
20

55
54
53
47

7.0
13.0
7.0
12.0

95.0
94.0
92.0
90.0

37, 543
41, 185
44, 948
38, 404

24, 164
26, 512
29, 373
28, 491

7,934
9,188
9,193
8,625

8,147
7,541
6,078
6,548

30, 821
30, 626
30, 870
30, 925

39
46
54
53

32
27
31
30

20
17
22
31

46
44
48
56

7.0
10.0
5.0
7.0

90.0
95.0
88.0
92.0

33, 193
28, 705
23, 673
20, 073

28, 827
28, 498
26, 194
27, 597

9,116
7,049
5,438
5,502

7,277
6,683
7,252
7,349

29, 784
23, 610
20, 605
23, 509

49
38

31
31

30
37

65
65

9.0
10.0

101.0
103.0

16, 624
16, 727
21, 642

25, 086
31, 473
30, 646

4,915
4,411
5,541

6,467
6,137
7,280

20, 915
19, 434
23, 206

758 7 15.0
57
11.3
57
11.2
53
13.5
53 13.5

1939
January
February
March
April .
May
June

|--

1 Compiled by the Southern Furniture Manufacturers' Association and represents average shipments and unfilled orders per firm from 42 to 58 firms. The firms reporting
are located in the States of Virginia, North Carolina, Tennessee, and Georgia and represent approximately one-third of the production of these States. The reporting firms
manufacture large bedroom furniture, dining-room furniture, and chairs.
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 by Seidman & Seidman from reports of representative manufacturers of furniture in the Grand Rapids district. Owing to variation in the number of firms
reporting each month, the figures have been shown in number of days' production or sales, based on current ratios, or as percentages. The original data are based on value.
Monthly
data from June, 1923, appeared in the June, 1926, issue (No. 58), p. 24.
4
Data from Northern Hemlock and Hardwood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills. These figures represent actual
reports from 60 to 75 milte each month. The hardwoods cut are mostly maple, birch, and beech. Annual averages from 1913 through 1918 appeared in the February, 1926,
issue (No. 54), p. 65.
* 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 instance, fewer firms report on stocks than on the other items. About half of the hardwoods reported consist of maple.
6
6 months' average, July to December, inclusive.
7 7 months' average, June to December, inclusive.




72

Table 51.—LUMBER PRODUCTS
PLYWOOD

YEAR AND MONTH

Production

New
orders
(sales)

Shipments

Unfilled
orders,
end of
month

EOT ARTCUT
VENEER s

Other Plywood2

Douglas Fir Plywood 1
Stocks,

end of

montb

New

orders

Unfilled
end of

Shipments

orders,

1927
May
June
July.
August
September
October
November _
December
_
1938
January
February _
March __ _ __
April
May
June
July
. _
August
September.
October
November
December. _
._ __ .. __
1929
January
February
March
April
May
June

7 9, 922

7

7 9, 615

10, 043

8 7, 169

8,218
11, 094

8,387
10,988

8,782
11, 030

8,156
7, 494
8,024

Number of
carloads

9,426
13, 079
9,291
8,426

9,257
12, 003
9,135
7,921

10, 245
12, 654
8,336
9,212

7,715
6,628
5,307
6,863

s 4, 463
3,595
2,876

« 4, 695
3,905
2,913

« 5, 781
4,646
3,303

7,309
7,704
7,747
8,433

Shipments

3,426
2,577
2,251
2,890

2,136
2,519
2,134
2,616

3,415
2,773
2,245
2,114

3,310
3,516
3,424
3,219

2,469
2,450
2,709
2,450

2,575
2,896
3,125
2,680

3,350
3,237
2,920
4,239

2, 578
2,713
2,523
2,961

3,381
4,411
5,773

3,177
4,235
4,147

Stocks,
end of
month

Dozens

6 192
98
185

192
97
206

226, 278
180, 976

213, 507
186, 218

435, 709
494, 322

3,290
3,197
3,059
3,162
3,767
3,502
2,765
2,719

100
90
83
122
112
101
102
94

127
85
116
162

275, 459
359, 134
219, 638
238, 388

105
79
96
86

356,
203,
244,
126,

149, 891
396,841
202, 961
332, 048
418, 181
193, 120
195, 228
70, 593

563, 216
525,509
542,186
448, 526
386, 918
397, 505
446, 622
502, 583

2,863
2,808
3,807
2,582
3,154
3,504
3,918
5,131
5,469
5,817
6,778

80
97
91
173
165
164
181
259
244
337
222
206

132
115
173
185

95, 832
231, 987
205, 887
186, 244

229
244
249
325

261, 355
188, 021
' 229,342
243, 056

199
255
190
178

177, 982
156, 521
114, 184
81, 302

58, 896
189, 632
193, 910
152, 876
198, 592
254, 432
294, 662
262, 810
285, 813
156, 407
75, 337
111, 244

406, 694
449, 049
461, 026
537, 033
609, 882
602, 083
565, 911
570, 726
409, 110
420, 671
464, 733
434, 942

8 7, 584

7, 284
7,251
7,358

Production

month

Thousands of square feet surface
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

RePurceipts chases

BUSHEL BASKETS <

573
707
345
554

!

1 Compiled by the Douglas Fir Plywood Institute from reports of 8 members. Data represent the actual movement of plywood in square feet and are combined from
weekly reports using 4 or 5 weeks to the month. The members of the institute comprise approximately 70 per cent of the total production of Douglas fir plywood.
2 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.
3 Compiled by prorating the weekly reports of the Wirebound Box Manufacturer's Association from 10 or 11 members, estimated to represent-about 80 per cent of the industry, concerning their purchases and receipts of rotary-cut veneer for the manufacture of wire-bound boxes. Details by sizes and sources are given in the association reports.
* Compiled by the American Veneer Package Association from reports of about 30 firms each month, representing a large proportion of the industry. The association's
reports also contain data on other kinds of baskets.
«9 months' average, April to December, inclusive.
7
8
« 8 months' average, May to December, inclusive.
6 months' average, July to December, inclusive.
7 months' average, June to December, inclusive.

DOUGLAS FIR DOORS (AT MANUFACTURING PLANTS)1
(In number of doors)
Unfilled
end
Production Shipments Stocks,
end
of month New orders orders,
of month

YEAB AND MONTH

2

1928 monthly average. _ _

320, 181

2

327, 857

3

272, 752

2

300, 934

3 396, 227

1928

April
May
June
July

.

August
September
October
November
December

_ . ._
.

_
__ _ _

425, 909
393, 224
434, 299

371, 220
386, 636
431, 800

262, 431
317, 109
293, 505
302, 990

606, 750
221, 896
327, 387

476, 630
709,500
535, 697
470, 617

314, 154
273, 076
372, 158
244, 857
203, 776

344, 643
305, 555
362, 004
254, 110
166, 886

267, 118
238, 399
243, 946
251, 837
277, 431

227, 311
237, 769
285, 147
253, 418
247, 799

344, 094
300,106
215, 872
217, 608
295, 919

1
Compiled by the Western Door Manufacturers' Association from reports of 10 mills representing about 80 to 85 per cent of the capacity of the Douglas fir door industry
on the Pacific coast. Data are combined from weekly reports, using 4 or 5 weeks to the month. 3The association's reports also give data on garage doors.
2 8 months' average, May to December, inclusive.
G months' average, April to December, inclusive.




73

Table 52.—BRICK, TILE, AND TERRA COTTA

Unfilled Wholesale
orders, price,
end of
red,
month N.Y.5

Thousands of brick

Dolls,
per
thous.

UnBurned burned

Slumber
1919 monthly average
1920 monthly average __
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

Shipments

New orders
Stocks,
end of
Quan- Value month Quan- Value
tity
tity
Shipments

Production

Thous. of
sq. ft.

Thous. Thous.
of dolls. of sq.ft. 1

Short
tons

$652
895
743
1,163
1,349
1,292
1,688
1,612
1,207
1,181

57
23
20
20
17
22
43

251, 949
187, 856
224, 962
275, 946
279, 500
305, 961
440, 423

6 46, 687
64,918
57, 340
68, 597
74, 079
121, 610

129, 024
158, 524
146, 236
184, 270

1936
September...
October
November
December..

18
16
60
64

284, 021
286, 952
451, 563
453, 452

67, 658
58, 388
182, 716
88, 997

118, 537
135, 824
217, 740
149, 315

216, 289
213, 092
274, 850
311, 979

16.00
15.50
12.25
15.50

5,435
5,922
5,601
5,433

5,757
5,344
5,111
5,057

2,120
2,032
1,950
1,924

8,576
8,690
8,770
9,001

11, 554
15, 174
10, 764
10, 422

1937
January
February
March
April

6878
54
2

462, 565
487, 217
427, 484
371, 320

58, 331
62, 455
69, 160
100, 953

93, 806
115, 013
184, 206
197, 411

324, 837
335, 223
369, 857
348, 211

17.00
17.00
17.00
16.50

5,617
5,187
5,549
5,518

4,437
4,412
5,278
5,022

1,692
1,688
2,008
1,916

10, 233
11, 251
11, 493
11, 860

May
June
July
August

1
10
12
10

329, 572
331, 748
353, 428
427, 277

154, 151
169, 712
170, 178
178, 357

237, 107
231, 064
211, 451
194, 971

274, 959
254, 191
235,323
231, 637

15.50
13.50
11.75
11.75

5,253
5,241
5, 214
5,544

5,172
5,174
5,299
5,461

1,936
1,960
1,989
2,086

59
71
70
77

489, 566
561, 367
538, 698
504, 836

158, 761
169, 238
91, 424
76, 601

176, 315
214, 169
187, 448
168, 282

219, 244
182, 462
211, 961
224, 825

11.75
11.75
11.75
11.25

5,612
5,928
5,080
4,551

5,696
5,326
4,409
3,708

91
73
57
23

517, 897
487, 713
405, 461
344, 572

68, 611
64, 492
69, 460
96,998

131, 338
121, 089
233, 702
236, 433

219, 233
231, 203
251, 105
275, 872

12.75
13.50
13.25
13.50

4,702
4,675
5,349
5,237

5
3
11
14

297, 212
302, 249
408, 563
491, 088

125, 650
130, 990
208, 202
206, 938

225,
219,
238,
218,

273,
260,
299,
221,

743
970
457
625

13.50
13.50
13.50
13.50

21
49
67

498, 691
454, 931
537, 712

257, 692
91, 226
287, 162

167, 078
122, 078
180, 360

213, 274
145, 427
204, 189

12.50
12.50
12.00
12.00

.

September
October
.
November
December

1938
January
February
March
April
May
June
July
August

_

>

__

September
October
November
December

__.

747
522
941
339

Thous.
of dolls.

5,252
5,629
5,930
10, 524
11,316
11, 964
14,006
13, 349
12, 261
12, 396

$15.96
21.85
129, 573 15.25
231, 063 17.36
344, 580
19.81
281, 735 17.04
281, 751 14.70
252, 224
16.19
267, 728 13.88

FACE BRICK *
Shipments

Plants closed
down

YEAR AND MONTH

Stocks, end of
month

TERRA
COTTA 3
Production

FLOOR AND WALL TILE '

COMMON BRICK 1

UnStocks filled
end orders,
of
end of
month month

Thousands of brick

591
691
666
723
722
744

511
616
616
660
667
663

1,544
1,740
1,576
1,736
2,178
2,641

859
1,244
956
966
1,007
929

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

9, 851
7,993
12, 392
14, 633

1,138
887
1,356
1,513

489
560
852
729

282
421
687
774

2,409
2,767
2,939
2,614

727
871
1,007
1,074

11, 894
11, 972
11,375
11, 393

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

2,162
2,010
1,672
1,581

11, 360
12, 073
12, 767
13, 289

13, 440
11, 907
11, 134
9,898

1,342 | 798
809
1,049
1,008
723
626
836

693
724
622
368

2,466
2,679
2,777
2,832

880
801
783
730

4,019
4,245
5,355
5,688

1,526
1,709
2,075
2,060

13, 964
14, 242
13, 982
13, 577

10, 850
10, 284
16, 563
12, 226

949
1,040
1,454
1,153

482
526
640
622

402
447
686
768

2,958
3,037
2,960
2,757

761
844
899
958

5,728
6,192
6,452
6,841

5,914
6,604
6,595

2,215
2,462
2,529

14, 431
13, 031
12, 837
12, 343

10, 857
16, 108
14, 191
12, 058

1,113
,558
,385
,123

796
844
763
890

925
876
815
841

2,517
2,495
2,439
2,282

942
950
1,046
989

6,621
7,615
6,450

6,755
7,239
5,228

3,377
2,721
2,026

12, 253
12, 625
13, 369

10, 570
15, 597
9,998
9,453

,005
,460
949
982

900
902
658

850
819
840

2,533
2,320
2,553

1,101
855
843

4,227
4,588
5,528
5,359

3,698
4,512
5,188
4,950

1,253
1,624
1,943
1,892

7, 857
8,048
8,578
11, 747

*

1939
January
February
March.
April
May
June__

___
|

_.

__
i

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 V. S. Department of Commerce, Bureau of the Census, from data reported by 39 concerns which produced about 80 per cent of the total production
of floor and wall tile in 1923, including the entire membership of the Associated Tile Manufacturers. Details by grades and kinds are issued each month in mimeograph form.
3 Compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 27 manufacturers who produced over 95 per cent of the total architectural
terra cotta made in 1922. Values exclude freight, cartage, duty, and setting charges. Monthly data from 1919 are given in the October, 1924. issue (No. 38), p. 52. Details
by districts are given in the press releases.
4
Data compiled by American Face Brick Association, representing averages per plant in order to allow for the variation in number of firms reporting. About' 70 firms
usually
report. Monthly data from 1922 appeared in January, 1926, issue (No. 53), p. 22.
5
Wholesale prices are monthly averages from U. S. Department of Labor, Bureau of Labor Statistics, yearly price averages from 1913 to 1918 appeared in the November,
1924,6 issue (No. 39), p. 101.
11 months' average, February to December, inclusive,




74

Table 53.—CHINA AND PORCELAIN PLUMBING FIXTURES AND SAND-LIME BRICK
PORCELAIN PLUMBING
FIXTURES i

Net new
orders

YEAR AND MONTH

Shipments

Unfilled
orders,
end of
month

Stocks,
end of
month

VITREOUS CHINA PLUMBING
FIXTURES a

Net new
orders

Shipments

Unfilled
orders,
end of
month

Stocks,
end of
month

SAND-LIME BRICK 3

Production

Number of pieces
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

8 13, 769
21, 369

6 17, 486
15, 818

e 28, 624
59, 984

e 29, 566
46, 169

Shipments
by
rail

Ship,
ments

by

truck

Stocks,
end of
month

Unfilled
orders,
end of
month

Thousands of brick

* 223, 783
258, 791
224, 136
256, 640

* 238, 280
250, 982
244, 520
251, 014

* 439, 986
513, 133
356, 056
431, 080

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 i
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

* 343, 201
501, 241
555, 213
503, 442

20, 626
16, 886

8,456
6,192

12,319
10, 897

«8,697
13, 104

618,837
17, 091

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

1926
January
February
March
Aprii

---

-

IMay
June

-

-

-

july

August
September
November
December

1937
January
February
March
April

_ -

May
July

20, 046
14, 065
14, 939
6,024

21, 870
19, 582
16, 251
12, 242

34, 972
29, 455
28, 143
21, 925

25, 868
29, 044
29, 998
33, 353

223, 980
227, 896
167, 993
227, 925

235, 883
245, 725
180, 498
190, 076

325, 069
307, 240
294, 735
332, 584

518,452
500, 868
527, 920
557, 293

21, 680
18, 928
18, 086
13, 912

6,729
5,134
6,558
4, 189

11,815
13, 623
11, 833
8,694

18, 689
14, 423
13, 468
18, 538

16, 094
15, 318
14, 845
14, 772

18, 545
12, 986
42, 245
60, 022

13, 239
11, 969
12, 079
17, 037

22, 639
23, 464
53, 515
96, 125

37, 374
40, 930
42, 442
48, 831

237, 727
494, 042
391, 101
238, 169

240, 829
246, 002
335, 948
291, 130

329, 482
577, 522
622, 215
569, 254

544, 461
538, 965
463, 180
445, 752

12, 789
10,921
17, 063
10, 012

4,945
3, 738
4,273
4,829

7,024
6,204
9,391
9,182

15, 867
16, 920
16, 777
15, 121

14, 830
12, 625
16, 942
14, 123

May
June
July
August

26, 775
13, 405
12, 976
12, 960

15, 459
19, 257
20, 253
22, 970

103, 131
95, 246
81, 699
65, 029

50, 819
45, 823
48, 621
47, 690

234, 560
225, 694
184, 783
217, 305

288, 238
274, 351
248, 363
267, 610

515, 576
466, 919
403, 339
353, 034

447, 596
444, 399
460, 360
477, 593

22, 244
19, 135
18, 072
21, 680

7,752
5,120
6, 055
8,284

18, 229
14, 437
11, 772
13, 215

12, 159
11, 656
12,591
14, 446

14, 445
11,718
11, 762
14, 503

September
October
November
December

9,939
22, 665
11,715
12, 195

16, 525
17, 018
14, 657
9,350

54, 583
50, 558
38, 268
35, 545

50, 953
50, 956
47, 550
47, 044

180, 758
222, 190
221, 575
231, 771

215, 284
236, 781
201, 925
165, 712

318, 508
303, 917
323, 562
389, 626

510, 864
531, 119
554, .422
622, 590

17, 267
21, 590

6,767
5,562

11, 281
15, 802

15, 304
14, 446

14, 455
13, 435

September
October
November
December

1938
January
February
IVTarch
April

-

1939
January
February
IVIarch
April

May
June
1
Compiled by the U. S. Department of Commerce., Bureau of the Census, from the reports of 10 manufacturers comprising the entire industry. The figures represent
regular selection. Details by kind of fixture are given in press releases, showing also culls, the classifications including baths, lavatories, shower receptors, sinks, slope sinks,
stalls, trays (single), combination sink and trays, 2-part trays, intergral drainboard sinks, and miscellaneous. Net new orders comprise total new orders less cancellations,
while
stocks show amount of finished glost fixtures on hand at the end of the month.
2
Compiled by the U. 8. Department of Commerce, Bureau of the Census, from reports of 32 manufacturers, covering most of the firms making vitreous chinaware which in
regular practice is connected with a drainage system. The figures represent regular selection (formerly grade A). Details by classes are given in press releases, showing
also culls, the classification including siphon jets, washdowns, reverse traps, lowdown tanks, lavatories, and miscellaneous. Net new orders comprise total new orders less
cancellations,
while stocks show amount of finished glost fixtures on hand at the end of the month.
3
Compiled by Rock Products from reports of 14 firms from May through August, 1926, and from 17 to 23 firms for the remainder of that year. The 1926 averages are
based on total figures for the year by 23 firms, which represented 75 per cent of the output of the industry in 1926, according to the annual census, and whose stocks on
December
31,1926, represented 52 per cent of total stocks6on that date. Data for 1927 and 1928 were reported by
from 23 to 30 plants each month.

4
6
6 months' average, July to December, inclusive.
8 months' average, May to December, inclusive.
4 months' average, September to December, inclusive.



75
Table 54.—CEMENT AND HIGHWAYS
CONCRETE
PAVEMENTS

PORTLAND CEMENT *

Production
Chipments

YEAE AND MONTH
Total

Ratio to
capacity

Thousands Per cent
of barrels
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average.
1918 monthly average.
1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average.
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

_
._

_

Stocks,
end of
month

Wholesale
price,
composite

Stocks,
clinker9
end of
month

Dolls, per
barrel

Thousands of barrels

New orders 2

Total

Roads

Thousands of square
yards

FEDERAL- AID
HIGHWAYS 3
Underconstruction

Completed

Cost

Distance

Thous. of
dollars

Miles

7,675
7,353
7,146
7,589
7,721
5,891
6,700
8,306

7,391
7,203
7,219
7,852
7, 542
5,894
7,167
7,999

11, 220
12, 773
11, 312
11, 054
11,080
9,386
9,809
7,278

4,455
3, 264

* 3, 499
2,454

8,191
9,489
11,448
12, 405
13, 434
13, 673
14, 326
14, 664

76.1
75.2

7,921
9,714
11, 324
12, 146
13,060
13, 482
14, 244
14, 621

10, 161
9,572
9,258
13, 178
16, 055
18, 886
19, 955
22, 685

4,015
6,191
7,077
9,008
9,640
10, 547

$1. 881
1.843
1.789
1.744
1.686
1,672

4, 686
6, 595
6,580
7,679
8,681
8,942
10, 481
12, 340

3,662
4,863
4,245
4,842
5,328
5,095
6,163
7,792

$15, 472
10, 799
17, 084
18, 410
17,876
15, 779
16, 844

937
607
853
862
787
690
621

14, 458
14, 529
14, 637
12, 187
10, 890
9,660
8,879

8,258
7,377
11, 450
14, 048

45.1
44.6
61.9
78.1

5,968
6,731
11, 100
14,350

22, 914
23,563
23,922
23,654

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

16, 701
17, 224
17, 408
18, 315

88.9
93.1
90.4
94.5

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

92.3
87.4
75.9
60.7

19, 828
18, 105
11, 619
6,200

13, 996
13, 141
16, 022
22, 082

6,490
5,960
6,374
7,660

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

9,768
8,797
10, 223
13, 468

49.4
47.5
51.7
70.0

6,541
6,563
10, 135
13, 307

25, 116
27, 349
27, 445
27, 627

9,672
12,237
14, 463
15, 002

1.683
1.683
1.683
1.683

5,902
7,499
12, 406
17, 788

4,103
5,615
8,746
12, 722

10,728
8,209
11,411
6,579

458
340
395
269

8,480
8,267
8,332
8,347

17, 308
17, 497
17, 474
18, 759

86.6
90. 1
97. 0
93.1

18,986
18,421
19,901
21, 970

25, 984
25,029
22, 580
19, 374

14, 329
12, 944
11,707
9,357

1.683
1.683
1.683
1.683

20, 695
15, 446
13, 123
16,889

13,246
8,997
6,984
9,254

16,706
18, 802
8,828
12, 145

735
661
483
599

- . 8,967
9,494
9,497
9,547

17, 884
17, 533
15, 068
12, 189

91.7
87.1
77.4
60.4

20, 460
19, 836
11,951
7,384

16, 799
14, 579
17,769
22,573

7,566
5,944
5,953
7,385

1.650
1.650
1.650
1.650

14, 752
7,068
8,430
8,080

9,630
3,856
5,213
5,166

26,105
13, 413
19,025
50, 174

1,169
598
845
896

9,427
9,337
8,692
8,163

1927

January
February
March
April
May
June
July .
August

__

.

__-

September _
October__ __
November
December

_
_
_ _

«

1928

January
February
March
April

-

May
June
July ...
August

September
October
. _
November
December ._

_
__

1939

January
February
March
April.. .

_

May
June
1
Data 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 by the U. S. Department of Labor, Bureau of Labor Statistics. Clinker is unground cement. The cement industry is highly seasonal and
its figures should be compared with corresponding months of previous years rather than with other months of the current year. Detailed data by months back to 1915,
with an 8-year average for each month which can be used for seasonal comparisons, will be found in the September, 1923, issue (No. 25), p. 47, except for clinkers, for which
data2 appeared in the March, 1928, issue (No. 79), p. 21. Monthly price data from 1913 for quotations now discontinued appeared in the December, 1923, issue (No. 28), p.54.
Concrete pavements contracted for throughout the United States are from the Portland Cement Association, Highway Bureau. The total contracts include streets and
alleys besides roads.
3 Data on amount of Federal-aid highways completed during each month and under construction at the end of month specified are compiled by the 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 by the States in 1925, while Federal-aid grants amounted to about 20 per cent of the costs of the Federal-aid roads shown above. The data on roads
represent all roads reported as such to the Bureau of Public Roads, whether paid for or not. Monthly data from 1922 appeared in the July, 1926, issue (No. 59), p. 24.
Digitized for completed
FRASER
4
Of the numerical 1919 monthly average, 3,221,000 yards was actually reported. The remainder is the prorated portion of a total of 3,338,309 yards for the last years'
http://fraser.stlouisfed.org/
pavement less than 6 inches thick not allocated by class of pavement. This has been prorated to roads on the basis of the roads' share of allocated contracts.

Federal Reserve Bank of St. Louis

76

Table 55.—GLASS
POLISHED
PLATE
GLASS 2

ILLUMINATING GLASSWARE 1

Production
YEAB AND MONTH
Total

No. of
turns

New
Ratio to orders
capacity

UnShip- filled Stocks,
end of Producments orders,
tion
end of month
month

Per cent of capacity

No. of weeks'
supply

Thous.
sq. ft.

4,021
3,112
3,385
3,147
2,910
3,254

50.1
41.6
44.5
42.3
38.5
42.0

50.7
42.1
44.7
44.3
40.0
43.2

50.5
40.0
44.2
43.0
39.4
41.4

3.2
2.6
2.3
1.4
1.2
1.4

6.7
8.4
7.0
4.8
3.7
4.2

4,465
6,390
7,422
7,630
9,769
10, 738
9,283
10, 302

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

2,948
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

May
June
July
August

2,797
2,689
2,169
2,410

37.0
36.0
33.6
32.0

45.0
38.0
36.3
38.3

39.3
37.3
35.3
31.4

1.2
1.3
1.2
1.3

September
October
November
December

3,609
3,814
3,454
2,353

40.7
50.6
47.8
33.2

43.4
44.0
40.2
32.9

45.7
45.2
40.7
36.7

2,685
2,936
3,137
3,243

34.8
40.6
39.4
41.8

39.7
38.1
39.6
42.4

3,368
3,365
1,748
2,985

42.1
44.2
22.3
36.5

3,190
4,193
4,245
3,949

43.0
50.5
54.2
54.6

1021 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

GLASS CONTAINERS 3

Production
Total
Thous.
gross

Net
Ratio to orders
capacity
Per
cent

4

Shipments

Unfilled
orders,
end of
month

Stocks,
end of
month

Thousands of gross

76. 6
72.6
71.6
77.4

* 2, 383
2,145
2,256
2,443

* 1, 805
1,987
2,125
2,334

< 7, 891
8,751
9,747
9,582

* 4, 911
5,607
6,256
6,306

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

8,054
C,408
5,822
6,315

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

3.6
3.6
4.0
3.5

9,618
7,999
8,868
10, 616

2,197
2,277
2,050
2,142

73.8
76.5
71.7
69.3

1,800
2,016
1,743
1,850

2,383
2,350
2,227
2,120

10, 135
9,682
9,148
8,765

6,149
6,065
6,216
6,217

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
2,224f

69.6
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

36.5
36.9
39.5
40.1

1.2
1.4
1.3
1.1

4.2
4.3
4.2
3.7

8,205
10,093
11, 297
9,953

2,207
2,085
2,570
2,421

76.9
72.7
82.9
84.3

2,680
2,577
3,424
1,965

1,958
2,113
2,646
2,491

10, 140
10, 633
11, 272
10,705

6,327
6,370
6,283
6,239

44.5
41.6
40.2
44.5

40.0
42.6
26.8
42.5

1.1
1.3
1.6
1.8

3.7
4.4
4.6
4.3

10, 224
10, 723
9,346
11, 474

2,688
2,589
2,374
2,686

86.7
86.7
77.2
80.9

2,137
2,225
2,008
1,909

2,729
2,552
2,311
2,654

10, 076
9,642
9,166
8,467

6,192
6,220
6,267
6,297

44.2
53.2
51.1
39.0

43.0
51.9
51.9
45.0

1.7
1.7
1.6
1.5

4.3
4.1
4.2
4.7

10, 248
10, 505
10, 978
10, 579

2,322
2,389
2,146
1,970

78.7
71.6
66.8
63.8

2,122
2,721
2,950
2,599

2,433
2,261
1,990
1,874

8,084
8,415
8,872
9,510

6,173
6,302
6,455
6,542

4 2, 053
2,046
2,110
2,371

1926
September
October
November
December

_ __

1937
January
February
March
April

_ - _
.

_

1928
January .
February
March
April

--

--

-

May
June
July
August
September
October
November
December

_
.

1929
January
February
March
April
May
June

i 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 4-hour working period for one shop. Production data originally reported by firms with a
biweekly capacity of from 2,256 to 3,463 turns, have first been prorated to the equivalent production of a capacity of 3,500 turns per biweekly period; these figures have
in turn been reduced to monthly data by combining and prorating the overlapping periods. Data given in percentages of capacity are averages of either 2 or 3
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.3 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.
» Data from the Glass Container Association, covering 41 manufacturers of glass containers with an annual productive capacity of 32,000,000 gross, or aboutf 83 per cent
of the
industry. Details by classes are shown in the association's report.
4
4 months' average, September to December, inclusive.




77

Table 56.—WOOD DISTILLATION

Produetion

YEAR AND MONTH

Shipments

Stocks
end of
mo.

Exports 2

12, 421
4,885
10, 445
13, 700
10, 815
12, 628
13, 090
13, 047

13, 683
13, 424
10, 120
12, 686
13, 012
12, 945

35, 836
14, 266
24, 980
22, 701
22, 180
19, 966

Produc-

tion

Stocks,
crude
plants,
end of
month

Dolls,
per
cwt.

Thousands of pounds

1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av
1926 monthly av
1927 monthly av
1928 monthly av

METHANOL (CRUDE)

Wholesale
price 3

ACETATE OF LIME

1,942 $2.78
1.87
1,520
2,300
2.26
3.84
1,829
1,931
3.27
1,837
2.90
1,549
3.28
1,011
3.50
931
3.79

Stocks, refineries,
end of month

Canada

United
States

DAILY CAPACITY

WOOD

Carbonized

Exports 2

Stocks,
end of
mo.

Gallons
652, 021
324, 504
567, 409
716, 144
579, 286
647, 899
674, 663
665, 193

2, 749, 407
8, 494, 877
2, 117, 172
1, 613, 454
924, 501
349, 411

4

1, 356, 717
476, 614
1, 002, 820

Total

Reporting

Shutdown

Cords

4

41, 085
27, 795
24, 839

58,589
34, 343
105, 860
100, 585
53, 386
34, 015
34, 772
25, 755
47, 313

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
3,463

626
2,771
1,890
1,183
681
758
486
355

i

1926
May
June
July. _
August

13, 482
11, 241
10, 964
12, 180

13, 658
12, 499
14, 741
14, 524

28, 518
26, 093
22, 373
19, 951

1,893
2,235
1,909
2,902

3.25
3.25
3.25
3.25

671, 674
564, 596
553, 050
589, 828

_.

11, 770
14, 002
14, 100
13, 468

11, 285
16, 013
15, 510
14, 187

23, 241
17, 746
16, 328
16, 421

1,392
1,125
1,797
675

3.25
3.25
3.38
3.50

610,
712,
720,
733,

393
309
798
678

486,
442,
463,
278,

_

14, 181
12, 667
14, 223
13, 139

10, 067
10, 184
14, 002
13, 560

19, 910
22, 422
22, 620
22, 207

1,630
500
1,579
974

3.50
3.50
3.50
3.50

805,
680,
726,
666,

May
June
July
August

12, 552
12, 070
11, 712
13, 125

11, 972
14, 196
12, 211
13, 587

23, 068
20, 923
20, 553
19, 889

1,582
562
1,355
283

3.50
3.50
3.50
3.50

638,
626,
592,
574,

September.
October
Novpmbpr
December

12, 856
13, 849
13,438
12, 718

13, 369
17, 141
13, 575
12, 527

19, 452
16, 185
16, 057
16, 304

None.
915
676
2,078

3.50
3.50
3.50
3.50

12, 519
11, 718
13, 022
11, 693

11, 343
9,081
11, 233
13, 152

17, 596
20, 228
22, 103
20, 516

1,630
1,760
2,037
917

10,987
9, 342
9,340
9,150

15, 386
10, 175
13, 302
12, 504

16, 205
15, 128
11,411
8,054

8,235
9,957
11, 699

12, 920
9,782
12, 537

3,326
3,121
2,302

- -

September _ _ _
October.
November
December ..

1937
January
February
March
April .

1938
January.. ^ _
February
March _ _
April__

__

May
June _ _
July
August. _ __ .
September _ _ __ _
October
November
December

-

876, 428
600, 780
279, 202
351, 409

23, 827
20, 664
33, 827
33, 651

16, 001
37, 811
19, 317
43, 350

72, 867
62, 575
60, 837
66, 007

508, 408
485, 515
502, 255
500, 675

3,738
3,698
3,698
3,602

3,636
3,596
3,596
3,500

349
559
642
580

199
998
049
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

491,
485,
473,
502,

307
022
964
482

3,577
3,577
3,577
3,607

3,475
3,475
3,523
3,607

537
391
409
479

473
583
694
638

397, 999
340, 847
387, 684
325, 888

341, 444
613, 939
645, 852
819, 216

15, 913
19, 657
22, 574
12, 949

11, 012
16, 226
20, 584
41, 254

80,233
68, 972
75, 755
69, 895

500, 818
473, 346
481, 807
524, 259

3,553
3,555
3,526
3,535

3,553
3,555
3,526
3,535

155
155
295
319

376
789
368
710

345,
339,
295,
361,

366
632
812
657

896, 334
991, 672
1, 094, 775
1, 408, 637

33, 078
39, 025
21, 227
28, 610

22, 863
2,201
9,622
18, 796

64, 309
64, 861
63, 714
81, 781

551, 536
584,690
598, 209
606, 910

3,535
3,535
3,535
3,395

3,535
3,535
3, 535
3,395

537
706
655
455

622, 594
692, 299
690, 625
665, 166

314, 231
369, 965
359, 584
354, 266

1, 467, 460
1, 181, 225
1, 407, 745
1, 165, 544

1,590
27, 995
31, 987
43, 458

20, 526
57, 983
48, 624
39, 369

79, 350
73, 159
70, 775
67, 101

617, 360
599, 314
593, 089
565, 456

3,395
3,339
3,323
3,329

3, 395
3,339
3,323
3,329

391
145
145
226

3.50
3.50
3.50
3.50

699, 551
642, 855
707, 460
657, 253

344, 798
363, 325
333, 496
323, 183

1, 126, 152
1, 132, 377
1, 079, 047
1, 120, 970

56, 104
55,298
47, 268
55, 934

33, 384
42, 871
41, 232
59, 244

68, 559
64, 080
72, 303
63, 973

560, 568
543, 555
534, 161
515, 250

3,293
3,323
3,323
3,275

3,293
3,323
3,323
3,275

249
261
261
263

1,152
215
1,792
1,141

3.50
3.50
3.50
3.88

609, 604
510, 627
518, 220
501, 893

299, 062
289, 433
285, 139
224, 267

909, 620
558, 483
277, 077
160, 156

57, 270
73, 955
66, 518
64,817

98,763
66, 785
54, 535
14,000

59, 744
56, 829
53, 247
51,095

489,
501,
502,
504,

388
021
576
Oil

3,266
3, 266
3,250
3,262

3,266
3,266
3,250
3,262

299
697
807
1,053

449
36
20
24

4.00
4.00
4.50
4.50

452, 750
591, 369
696, 013

196, 665
291, 672
265, 102

164, 972
161, 723
167, 012

67, 314
57, 814
53, 426

32, 540
20, 408
34, 583
69 407

45, 334
60, 022
68, 573

508, 821
546, 856
531, 278

3,266
3,266
3,265

3,266
3, 266
3,265

1,113
698
400

1, 414, 577
1, 165, 016
888, 923
622, 456

1939
January
February.
March
April..
May
June
1
Except for prices and exports, data are compiled by the IT. 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 are monthly averages compiled by the U. S. Department of Labor, Bureau of Labor Statistics.
* 9 months' average, April to December, inclusive.




78
Table 57.—REFINED METHANOL, ETHYL ALCOHOL, EXPLOSIVES, AND DYES
REFINED METHANOL i

United
States

Canada

Stocks, end of
month
United
States

Canada

Shipments
United
States

Canada

Dolls.

Gallons
1920 monthly av
1921 monthly av
1922 monthly av_
1923 monthly av_
1924 monthly av
1925 monthly av 8556,322 8 24, 202 8 678, 528 6 47, 019
1926 monthly av. 616,893 24, 327 569, 982 59, 600
1927 monthly av_ 451, 180 25, 012 481, 479 55, 242
1928 monthly av_

Wholesale
price

Production
YEAR AND MONTH

ETHYL ALCOHOL 2

Der
gal.

477, 000

24, 442

$2 56
.80
1.64
1.06
.76
.61
.64
.67

Produetioa

Withdrawn
for
denaturization

Warehouse
stocks,
end of
month

Exports

Pro«
duetion

Thousands of proof gallons
5 9, 485
6,119
8,137
11, 234
12, 201
16, 190
16, 221
14, 469

s 4, 398 5 4, 466
3,864
7, 040
6, 876
5,074
4,754
9,527
3,980
10, 965
14,801 6,463
7,962
14, 995
8, 497
13, 507

DYES AND
DYESTUFFS *

EXPLOSIVES 3

Ship- New Stocks,
end of
ments orders month
Vege- Coal
table tar
Thousands of pounds

30, 756
36, 762
33, 740
34, 057
36,351
34, 074

31,080
36, 542
34, 340
34, 241
36, 361
33, 837

28, 926
35, 174
32, 726
32, 737
34, 715
32, 545

16, 316
18, 758
17, 067
17, 346
16, 674
17, 827

437
354
264
302
216
314
263

698
1,494
1,309
2,150
2, 151
2, 230
2,689

i

1926
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

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

May .
June
July . .
August.

426, 304
416, 042
347,833
317,521

10, 550
None.
22, 800
None.

554, 313
521, 609
554, 809
428, 194

September
October.
November
December . .

441, 771
688, 435
529, 552
470, 969

28, 293
6,700
38, 600
41, 000

496, 073
390,099
442, 023
468, 446

May__ . _
June _ . _ _
July_
August

September
October..
November
December

1927
January
February
March
April

_ _

1928
January,
February
March
April..

1929
January
February
March
April _

_

34, 141

.76
.74
.75
.81

20, 776
20, 530
17, 640
15, 622

17, 338
18, 809
18, 696
18, 108

10,863
11, 436
9,913
6,868

40, 741
40, 670
39, 628
36, 143

41, 098
40, 951
41, 475
34, 317

38, 348
39, 311
37, 913
33, 159

16, 488
16, 854
15, 126
17, 145

136
162
209
177

1,883
2,220
2,672
2,104

374, 530
337, 428
411, 114
416, 996

26, 037
30, 516
36, 109
35, 340

.83
.83
.83
.83

13, 235
10, 324
11, 491
12, 674

8,907
9,152
12, 224
11, 618

3,563
9,842
8, 313
8,459

33, 846
35, 383
32, 190
31, 962

33,726
33, 578
31, 890
33, 132

33, 616
31, 102
31, 517
31, 415

17, 303
19, 145
19, 518
18, 043

227
253
388
300

1,865
2,951
3, 595
1,227

73, 726
53, 350
59, 120
50, 687

469, 513
575, 811
411, 229
389, 033

20, 432
10, 485
17, 827
8,440

.83
.66
.66
.58

13, 052
13, 831
15, 170
15, 587

11, 584
13, 761
14,651
12, 212

9,335
7,496
9,700
11, 122

34, 168
34, 120
30, 954
36, 304

35, 355
33, 783
31, 136
35, 736

33, 961
32, 354
30, 335
34, 680

16, 784
16, 989
16, 794
17, 344

451
363
165
237

1,928
968
1,526
2,254

382, 876
396, 137
452, 246
419, 812

58, 312
26, 443
32, 854
34, 752

506, 914
698, 476
626, 643
506, 310

23, 982
38, 569
28,629
16, 937

.55
.53
.48
.48

14, 129
16, 584
18, 051
19, 502

14, 130
17, 759
17, 329
18, 760

9,838
7,931
8,211
8, 158

36, 858
38, 918
34, 695
29, 490

36, 964
38, 261
34, 645
27, 839

35, 304
36, 747
32, 111
27, 398

17, 152
17, 807
17, 847
19, 196

229
359
377
422

4,469
1,838
1,920
2,222

38,700
44, 850
48,400
46,000

455, 316
467, 723
412, 597
430, 298

29, 198
33, 044
48, 413
47, 311

482, 666
407, 351
469, 308
412, 597

17, 775
35, 986
11, 505
39, 856

.48
.46
.46
.46

13, 050
11, 220
11, 050
11, 784

10, 098
9,061
8,686
9,334

9,463
10, 120
10, 945
11, 267

29, 607
31, 895
30, 001
32, 153

31, 332
31, 035
30, 801
32, 095

29,878
29f203
29,660
30, 701

17, 973
18, 447
18,645
17, 647

239
276
490
296

1,715
2,848
1,735
1,788

557, 780
603, 247
541, 113
436,811

30, 400
6,200
10,800
14, 700

505, 299
541, 083
444, 496
396, 730

55, 359
45, 733
39, 210
26, 715

492, 081
596, 502
667, 549
497,971

14, 528
11, 462
12, 672
22, 076

.46
.46
.47
.48

11,043
13, 036
16, 618
18, 764

10, 468
16, 336
14, 927
16, 128

10, 904
6,646
7,351
9,263

32, 850
32, 625
30, 084
35, 092

33, 511
32, 816
29,561
23, 039

32, 163
31, 305
27, 993
32, 268

16, 990
16, 732
17, 158
18, 554

160
272
254

1,898
1,726
8,340
1,335

355, 353
487, 384
536, 782

38,600
56,700
39, 500

300, 478
325, 914
422, 640

33, 101
23, 339
21, 750

415, 340
493, 712
494, 047

25, 396
48, 330
42,989

.48
.51

18, 613
20, 685
19, 220

15, 269
20, 718
19, 294

11, 295
9,907
8,132

35, 310
38, 636
35, 524

37, 465
38, 854
34, 293

33, 611
36, 347
32, 723

16, 274
16, Oil
17, 147

157
231
400
146

1,330
5,194
2,436
1,926

.58
i

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; except for prices, which are monthly averages2 compiled by the U. S. Department of Labor, Bureau of Labor Statistics.
Statistics of ethyl alcohol, compiled by the U. S. Treasury Department, Bureau of Internal Revenue, comprise all 160° proof alcohol produced in the United States.
Withdrawals for denaturing represent approximate production of denatured alcohol. The large increase in the proportion of the total production used for denaturing,
beginning with 1922, is stated to be due to the use of denatured alcohol, which pays no tax, for certain medical purposes in place of pure alcohol which was formerly used
and is taxable. Data for fiscal years previous to 1920 appeared in the February, 1928, issue (No. 78), p. 79. Beginning with April, 1928, monthly data on production and
stocks
from 16 members representing about 90 per cent of the industry are also reported by the Industrial Alcohol Institute in terms of wine gallons.
3
Compiled by the U.' S. Department of Commerce, Bureau of Mines, from reports from 24 companies. Data comprise black powder, permissibles, and other high explosives, and do not include reports of manufacturers of ammunition and fireworks, nor production of nitroglycerin, except in so far as nitroglycerin is used in the manufacture4 of other explosives. Detailed data by classes from 1922 appeared in November, 1924, issue (No. 30), p. 107.
.
Data compiled by the U, S: Department of Commerce,' Bureau of Foreign and Domestic Commerce. Export figures for'' vegetable " dyes include logwood extract (about
50 per
cent) and other dye extracts; coal-tar exports comprise coal-tar colors, dyes, and stains.
8
8'months' average, May to December, inclusive.
s 9 months' average, April to December, inclusive.




79
Table 58.—NAVAL STORES
GUM TURPENTINE

GUM BOSIN

Stocks, WholeNet
receipts end of
sale 3
(3 ports) 3 (3month
ports) 2 price

Stocks, WholeNet
end of
receipts
sale 3
(3 ports) 2 (3month
ports) 2 price

STEAM DISTILLED NAVAL STORES. 1

Wood rosin
YEAR AND MONTH

Dolls,
per gal.

Barrels of 50 gals,
1913 monthly average
1914 monthly average.1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average
1920 monthly average. _

26, 494
22, 807
25, 819
23, 006
13, 349
15, 481
21, 131

1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average _ _ . .
1925 monthly average..
1926 monthly average
1927 monthly average _
1928 monthly average
__

Barrels of 500 Ibs.

Production

Dolls,
per bbl.

Stocks
at
plants

Bbls. of 500 Ibs.

Wood
t nrpen tine

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
28, 309

47, 707
26, 762
28, 610
38, 567
40, 731
44, 827
56, 294
66, 443

.68
1.15
1.17
.91
1.01
.93
.62
.57

65, 939
83, 439
97, 575
92, 295
90, 195
91, 426
117, 201
99, 938

316, 585
308,498
266,932
250, 478
192, 908
145, 074
178, 557
190, 690

5.79
5.77
6.01
6.17
10.94
12.41
10.13
9.16

23, 865
27, 222
34, 572
35, 043

35,449
22, 746
67, 051
107, 005

4,883
5,219
6,648
6,260

8, 144
3,156
9,123
8,345

161, 550
195, 166
231, 863
224, 496

654, 069
407, 587
451, 633
777, 575

1936
September
October
November.
December

34,918
32, 216
25, 885
29, 143

57, 601
57, 370
63, 650
58, 321

.92
.90
.89
.86

118, 868
114, 120
107, 801
122, 847

148, 177
158, 210
184, 405
208, 789

14. 43
13.86
13.08
12.24

31, 766
34, 161
33, 373
32,864

13, 555
17, 702
22,831
27, 736

5,604
6,045
6,612
6,499

3,837
3,426
3,773
4,911

228, 833
263, 696
238, 322
220, 827

249, 974
259, 670
239, 017
254, 259

1937
January
February
March _ .
April

7,386
5,138
10, 132
30,989

48, 993
40, 047
24, 668
31, 802

.83
.75
.74
.67

39, 136
27, 214
36, 322
97, 028

160, 120
147, 635
81, 013
107, 562

12.38
11.71
11.23
9.70

35, 168
32, 043
35,313
34, 598

33, 513
45, 124
53,866
58, 652

7,053
6,587
7,253
7,035

5,531
7,314
6,953
7,473

241, 563
207, 197
245, 232
239, 027

305, 151
313, 457
345, 842
355, 790

48, 025
57, 730
50, 466
47,809

47, 264
52, 340
58,390
58, 915

.63
.57
.56
.59

150, 397
184, 971
169, 439
158, 514

153, 445
165,991
179, 734
198, 883

9.67
9.93
9.74
10.62

36, 508
35, 197
36, 038
35, 521

64, 763
72, 454
72, 486
71, 982

6,974
6,541
6,414
6,347

8,746
9,896
6,652
8,256

243, 880
222, 151
231, 350
242, 050

392, 864
428, 796
458, 923
524, 246

45, 775
39, 115
35, 795
28, 154

73, 019
80,473
77, 676
81, 939

.55
.53
.51
.54

151, 045
132,059
144, 892
115, 397

229, 426
222, 167
247, 954
248, 755

10.08
9.24
8.55
8.70

34, 839
35, 963
35, 187
28, 483

76, 327
82, 717
87, 179
85, 553

6,562
6,901
6,820
5,291

10, 232
12, 163
13, 385
12, 869

244, 445
237, 625
235, 695
192, 141

555, 818
588, 778
561, 363
588, 571

7,764
4,568
5,624
20, 765

72, 035
61,906
40, 338
45, 458

.60
.60
.60
.58

41, 160
30, 549
25, 544
67, 762

200, 262
159, 053
123, 074
140, 805

9.54
8.94
8.89
8.54

29,200
32, 792
35, 148
34, 831

' 85, 413
90, 429
98, 101
108, 394

5,771
5,645
6,647
6,052

10, 621
10, 477
10, 862
10, 963

198, 646
237, 953
259, 079
240, 845

605, 771
641, 354
693, 522
727, 416

39, 764
48, 111
46, 637
42, 724

46, 741
61, 336
69, 245
73, 304

.54
.57
.55
.52

118, 460
148, 041
148, 250
145, 357

128, 789
165, 604
178, 225
227, 517

8.15
9.10
9.71
9.59

36, 036
36, 054
37, 016
37, 623

114, 160
108, 200
112, 703
114,074

6,350
5,700
6,304
6,274

9,459
8,510
7,786
6,898

248, 606
191, 947
238, 767
225, 668

768, 195
829, 507
824, 671
822, 813

34, 312
33, 924
28, 160
27, 360

73, 595
79, 509
83, 472
90, 371

.52
.53
.59
.61

116, 029
115, 235
117, 168
125, 706

230, 672
216, 917
246, 178
271, 187

9.18
9.31
9.59
9.34

35, 473
36, 942
35, 771
33, 630

112, 964
111, 728
112, 680
115, 216

6, 257
6,486
6,882
6, 750

6,027
5,704
5,944
6,883

211, 828
219, 525
211,960
209, 125

845, 762
845, 645
827, 633
898, 610

May __ . . .
June
July
August
__

•September
October
November
December

_.

_.
_

1928
January
February
March
April
May
June.. __
July
August _

„_ ___

September
October
November
December

1929
January
February
March _
April.
May
June

__ _

!
___
|

1

i

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 iroin the wood, generally softwoods.
2
* Represent
T»
x. Athe1 • receipts
. _ * . and. - stocks
, . . , , at, Jacksonville,
.,, Savannah,
. and Pensacola,
- as reported
ported by the Naval Stores Revieio,
Review, earlier data being supplied by the Savannah
Board of Trade, Jacksonville Cuamber of Commerce, and Pensacola Chamber of Commerce. "'
"' averages for 1914' and" 1915 are basedn on
' the
" season
"
*.--:.--•.-» _ . . -1. -of
«
Monthly
beginning Apr.
(No. 51), p. 22.



80

Table 59.—CHEMICAL PRICES, ARSENIC, AND ROOFING
[Base year in bold-faced type]
WHOLESALE PRICE INDEXES
Drugs
and
pharmaceutidats *

YEAH AND MONTH

Crude
Essential
oils'

Relative to August, 1914
1914 monthly average
1919 monthly average _ _
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average _ _ _ _ _

Oils
and
fats 2

Crude Chemicals 2
drugs i

100

100

201
196
129
120
142

213
265
158
131
135

185
202
134
174
220

155
157
156
158

140
174
170
131

208
198
205
202

114
113
113
113
113

139
155
150
131
124

155
155
155
156

126
125
126
123

203
204
206
207

114
113
113
113

156
156
156
156

121
122
122
121

205
200
196
192

156
160
169
169

203
123
126
128

January.. _
February
March
April

169
169
169
169

May
June
July
August

1924 monthly average
1925 monthly average _ _ _ _ _ _
1926 monthly average _ _
1927 monthly average
1928 monthly average

1937
January _ _ _
February
March
_
April
- - May
_
June
July
August _ _

_ _ _ _
-

_

September
October
_
November _
December

.

_ __

_

Production

Relative to 1913-14 «

100

_

PREPARED
ROOFING*

ARSENIC a
Refined

Stocks,
end of
month

Production

Stocks,
end of
month

Shipments
Thousands of
squares 7

Short tons

DRY ROOFING
FELT*
Production

Stocks,
end of
month

Short tons

100

100

1,072

742

2,079
2,360
2,182
2,541
2,542

1,497
697
458
1,161

2,924
3,575
3,149
1,670

1,519
923
520
860

3,268
7,034
3,982
1,842

2,714
2,731
2,670
2,833

17, 406
20, 297
23, 030
25, 276
23, 452

2,296
3,588
4,043
3, 349
3,198

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

683
789
765
986

1, 718
1,266
789
1,346

3,020
3,003
2,637
2,992

27, 019
26, 517
23, 605
27, 441

2,806
3,181
3,272
3,166

202
207
206
201

113
112
112
112

134
134
133
128

1,472
1,004
1,269
1,125

1,422
1,260
1,326
1,375

873
937
822
782

1,787
2,321
2,255
2,101

3,287
3,218
3,280
3,386

27, 902
27, 512
25, 680
25, 853

2,907
3,748
3,810
3,118

130
131
132
139

208
209
212
210

112
112
113
113

130
122
122
125

1,158
1,600
1,076
1,098

1,407
2,005
1,834
1,863

827
668
688
669

2,496
2,403
2,479
2,760

1,587
1,320
3,248
3,016

21, 743
19, 098
25, 492
27, 534

3,088
3,558
2,775
2,844

169
169
168
164

159
166
162
161

208
199
197
193

113
113
113
113

128
123
123
121

1,225
1,703
1.385
2,086

1,876
2,099
2,105
2,999

713
732
728
803

2,370
1,916
1,568
1,618

3,008
3,236
2,398
2,447

27, 521
28, 476
25, 810
25, 574

2,366
2,153
2,798
3,356

164

159

192

113
113
. 113
113

121
124
124
124

1,079
1,238
1,622

2,978
3,024
3,419

799
835
802

1,971
2,344
2, 766

3,774

24, 343
23,930
17, 424
14, 475

3,427
3,367
4,045
4,600

125

142

8 9, 016
8 12, 055
16, 078

2,427

1938

I

- _

-

September
October
November __
December

_ _

1939
January
February
March
April

_ _ - _-

May
June
1
1

Compiled by the Oil, Paint, and Drug Reporter from weekly wholesale quotations of 40 crude botanical drugs, 20 essential oils, and 35 drugs and pharmaceutical
chemicals,
respectively.
2
The chemical price indexes from Chemical and Metallurgical Engineering include quotations on 25 chemicals and 15 oils and fats selected on the basis of their importance as representing both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of total production
plus total imports in the year 1923. The figures are averages of weekly prices. A similar index, including 25 of the principal chemicals, oils, and fats used in the new
indexes, with yearly data from 1917 to 1923 and monthly data for 1923 and 1924, may be found in the November, 1924, issue (No. 39), p. 105.
3 Compiled by the American Bureau of Metal Statistics. Figures on crude arsenic cover this element in its primary state, while those on refined arsenic cover this
commodity as derived from the crude. Stocks are those in producers' hands at the end of the month. Monthly data on refined arsenic from 1923 appeared in the August,
1925, issue (No. 48), p. 48.
* 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.
' A roof square is equivalent to 100 square feet of covering as measured on the roof.
80 months' average, July to December, inclusive.




81

Table 60.—CHEMICALS
SULPHURIC
ACID

SULPHUR

YEAR AND MONTH

Production 3
(quarterly)

Exports i

Long tons

Pounds

Dollars
per 100
pounds

614, 940
807, 417
1, 098, 015
6, 486, 619
5, 538, 625
5, 293, 578

$1.00
1.00
1.30
2.00
1.70

1918
1919
1920
1921
1922
1923

monthly
monthly
monthly
monthly
monthly
monthly

6, 691, 220
1, 774, 625
2, 415, 612
1, 067, 862
1, 039, 199
686, 981

1.60
1.00
1.12
.91
.76
.73

1924
1925
1926
1927
1928

monthly av
monthly av
monthly a v _ _
monthly a v _ _
monthly a v _ _

939, 389
628, 094
768, 700
626, 029
583, 497

.71
.70
.73
.75
.78

519, 270
866, 882
420, 361
1, 024, 337

1927
January
February
March
April
May
June
July
August

September
October
November
December

1928
January
February
March
April
May
June
July
August

September __
October
November
December

6 251, 939

221,
351,
472,
527,

294
330
851
733

565, 760

593, 498

510, 820

400, 901

526, 009

526, 264

POTASH i

Whole- ProducProduc- Sales in
tion in Imports Imports tion in
sale
Gerprice 4
Chile
many
France

1919-13 mo. av _ _ .
1913 monthly av _
1914 monthly av _
1915 monthly av__
1916 monthly av__
1917 monthly av__
av__
av__
av _
av__
av
av__

NITRATE OF
SODA*

Metric
tons

Long tons

SUPERPHOSPHATE 2

FERTILIZER

Stocks,
end of
month

Consumption in
Exports i Southern
States s

Production

Metric tons, K2O
content

Shipments

Long
tons

Short tons

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

153, 766
33, 955
110, 160
30, 767
45, 039
74, 084

1,564
5,230
14, 880
8,739
20, 103
19, 205

18, 713
54,509
117, 994
74, 620
77, 912
91, 641

411,678
232, 193
292, 224
360, 412

266
982
836
275
625

82, 053
92, 901
75, 416
61, 335
85, 659

19, 088
21, 751
25, 304
22, 416
29, 809

22, 583
25, 707
30, 555
31, 003

70, 172
102, 121
91, 656
103, 292

275, 722
285, 162
270, 753

1, 177, 544
1, 653, 945
1, 568, 110

97, 149
104, 801

89, 216
95, 532
91, 342
106, 098
100, 869

390, 477
431, 015
429, 415
381, 614
465, 052

.75
.75
.75
.75

79, 151
74, 253
90,479
99, 050

47, 240
33, 578
94, 151
97, 480

30, 189
18, 394
19, 308
15,911

35, 579
31, 829
32, 927
25, 740

190, 364
182, 660
164, 970
50, 955

275, 908
276, 281
223, 253
213, 967

2, 190, 543
2, 111, 115
1, 559, 847
1, 016, 748

78, 712
154, 527
292, 670
295, 200

67, 678
111, 190
109, 580
128, 689

526, 771
836, 610
1, 498, 537
870, 224

729, 771
746, 096
801, 140
517, 346

.75
.75
.75
.75

105,900
115, 900
127, 060
142, 800

43, 578
39, 683
54, 867
71, 904

8,292
6,502
36, 857
43, 572

30,200
27, 676
30, 265
32,868

43, 048
82, 949
88,820
84, 548

242, 002
200,213
236, 921
257, 689

1, 014, 219
1, 209, 566
1, 354, 209
1, 475, 101

107, 738
65, 320
57, 404
83, 611

119, 927
111, 512
138, 023
100, 659

146, 454
60, 991
35, 485
57, 485

454, 326
474, 080
417, 475
541, 263

.75
.75
.76
.78

143, 700
189, 200
210, 000
233, 849

64, 753
55, 154
67, 091
66, 546

28, 822
27, 884
17, 039
16, 227

31, 800
33, 000
30, 204
29, 952

Ii8, 629
63, 730
68, 363
100, 470

264, 634
391, 376
355, 709
350, 587

1, 365, 635
1, 582, 559
1, 839, 569
1, 995, 954

201, 913
110, 290
80, 068
79, 885

113, 322
96, 672
95, 605
80, 319

175, 070
127, 422
87, 965
156, 355

559, 952
579, 759
727, 558
842,460

.78
.78
.78
.78

242, 800
236, 600
253, 800
255, 100

69, 867
144, 716
177, 187
131, 819

31, 646
33, 774
22, 230
28, 137

31,290
33, 958
34, 770
28,600

202, 010
208, 400
161, 460
67, 414

358, 008
345, 040
361, 729
355, 614

2, 196, 736
2, 087, 723
1, 386, 087
875, 207

101, 540
201, 571
447, 461
390, 894

87, 632
74, 955
114, 632
127, 111

603, 343
1, 113, 569
2, 185, 435
862, 878

515, 617
732, 598
773, 624
291, 035

.78
.78
.78
.78

262, 400
252, 300
264, 300
275, 000

113, 722
76, 135
28,150
75, 318

12 997
14, 525
38, 461
57, 327

32, 000
34, 000
30, 260
34, 300

63, 746
99,948
102, 608
108, 696

284, 948
299, 444
293, 250
294, 381

803, 888
1, 041, 542
1, 258, 339
1, 414, 615

134, 970
59, 899
64,401
82, 876

146, 480
111, 581
98, 803
103, 575

198, 810
47,236
19, 251
62,903

581, 760
441, 867
632, 942
322, 787

.78
.78
.78
.78

259, 400
282, 300
285,900
293, 600

36, 644
43, 385
45, 575
85, 391

43, 313
28, 242
24, 639
22, 412

140, 818
76,507
82, 463

276, 811
350, 958
322, 452

1, 424, 169
1, 566, 402
1, 832, 363

154, 443
91, 165
75, 680

99, 149
86, 289
94, 085
66,134

138, 470
151, 128
84,947
112, 659

238, 712
139, 921
210, 386
109, 629
89, 317
158, 809
200,
209,
167,
134,
263,

1929
January
February
March
April
May
June...
1
Data compiled by V. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Potash imports include potash imported as chemicals and also the
muriate and sulphate used in fertilizers. "Total fertilizer" exports are made up largely of phosphate rock. Potash data from France and Germany are secured by the
department from Potasses d' Alsace, the French government office having charge of- potash mines in France, and the Kali Syndicate, controlling the German potash market,
respectively.
Monthly data, on these two items from. 1924 appeared in the June, 1928, issue (No. 82), p. 22.
a
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 3^0^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 30j 1923, were given in the April, 1927, issue (No. 68), p. 23.
* Wholesale average monthly price of 66° sulphuric acid at New York from U. S. Department of Labor, Bureau of Labor Statistics.
« Compiled by the National Fertilizer Association from tag sales reports of Commissioners of Agriculture of 12 Southern States (Virginia, North Carolina, South
Carolina,
Georgia, Florida, Alabama, Mississippi, Tennessee, Missouri, Louisiana, Arkansas, and Texas). Monthly data from 1920 in May, 1926, issue (No. 57), p. 17.
6
Average for last 3 quarters of year.


28914°—29


6

82

Table 61.—COTTONSEED PRODUCTS
COTTONSEED OIL
COTTONSEED CAKE
AND MEAL

COTTONSEED 1

YEAR AND
MONTH

ConStocks
Receipts sump- at mills,
tion
end of
at mills
(crush) month

Production

Short tons
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928

mo.
mo
mo
mo.
mo.
mo.
mo.
mo.
mo.
mo.
mo.
mo.
mo.
mo.
mo.
mo.

av
av
av
av
av
av
av
av
av
av
av
av
av
av
av
av

8

788, 756
320, 871
358, 344
351, 443
304, 727
359, 686
268, 135
262, 946
363, 132
439, 520
486, 842
468, 068
410, 835

1937
January
581, 856
February
473, 340
March
358, 989
103,239
April
56, 611
May
55, 562
June .54, 038
July
275, 505
August
September
1, 031, 414
October
1, 266, 288
November
863, 058
December
496, 915
1928
January
318, 741
February
170, 491
March
95, 722
17, 017
April _.
7,846
May
.18, 772
June
July
_ - -_ 24, 936
August
169, 498
September
869, 738
October
1, 519, 076
November
1, 010, 791
DeCPTTlbPT
707, 392
1929
January '
February _ _
March
April
May
June

8

Production i

Stocks,
end of
month

Factory
consumption
Total
In
(qt!y.) s oleo.6

Stocks,
end of
month 1

8

95, 223
106, 442
77, 886
81, 146
96, 286
125, 987
147, 024
150, 563
121, 683

849, 721
686, 786
615, 072
352,994
196, 510
123, 977
67, 661
159, 856
585, 275
863, 455
799, 298
601, 627

101, 457
97, 483
81, 645
99, 659
68, 933

61, 544
72, 957
72, 983
75, 791
108, 154
93, 969

75, 878
88, 056
112, 122
123, 079
132, 741
110, 705

175, 190
155, 430
139, 879
123, 141

205, 929
201, 217
170, 868
111,408

73, 029
33, 985
16, 297
25, 736

91, 455
70, 257
31, 789
33, 253

651, 572
1, 054, 405
1, 118, 165
1, 012, 953

250, 386
205, 051
186, 914
106, 887
62, 182
36, 106
22, 567
46, 157
178, 960
268, 966
252, 024
190, 554

87, 463
143, 789
165, 070
158, 834

99, 806
194, 676
205, 856
176, 374

570, 704 760, 990
448, 324 483, 157
322, 955 255, 924
165, 097 107, 844
65, 241
50, 449
38, 955
30, 266
33, 230
21, 972
73, 795 117, 484
420, 883 566, 530
903, 031 1, 182, 175
869, 599 1, 323, 367
701, 116 1, 328, 703

182, 334
144, 040
107, 322
57,429
24, 064
13, 500
11, 257
20, 863
126, 584
280, 383
272, 893
219, 532

170, 499
161, 127
124, 029
84, 474

143, 230
138, 895
124, 274
84, 027

49,207
34, 559
20, 351
15, 346

62, 915
22, 274
25, 930
19, 677

67, 951
123, 167
143, 080
133, 837

61, 889
204, 255
223, 886
217, 211

1, 035, 766
818, 715
561, 686
311,931

171, 852
103, 407
89, 784
205, 433

$0. 072
.066
.068
8
.106
116, 385
.155
238, 965

8

148, 815
180, 400

41,878
42, 062
60, 786
51, 330
16, 890

86, 007
109, 522
198, 187
143, 476
133, 357

486
26, 172
14, 168
24, 399
18, 707

.201
.239
.153
.079
.102

1,705
1,693
2,029
1,954
2,052
2,244

156, 684
152, 824
225, 114
209, 153
388, 089
397, 636

.113
.110
.108
.118
.097
.099

122,901
147, 394
197, 303
226, 619
220, 671
173, 779

127, 702
122, 743
139, 910
226, 264
142, 217
102, 404

14, 349
25, 907
33, 290
35, 088
36, 713
24, 209

2,013
2,006
2,487
2,173

395, 022
460, 491
505, 199
531, 376

.085
.091
.095
.091

147, 144
152, 147
178, 737
180, 741

81, 099
61, 775
23, 860
8,636

1,974
1,909
1,559
1,745

507, 762
460, 163
378, 613
272, 955

.091
.092
.095
.100

153, 853
101, 748
63, 632
44, 142

21, 527
18, 105
23, 169
15, 122

2,113
2,228
2,260
2,154

226, 211
310, 567
416, 141
503, 140

.107
.109
.106
.100

377, 425
310, 075
278, 417
164, 748
84, 889
57, 238
39, 022
72, 264
260, 110
384, 603
352, 898
266, 364

108, 572
108, 610
206, 162
190, 228

26, 306
53, 834
63, 790
43, 327

2,162
2,114
2,214
2,015

539,445
568, 667
543, 876
516, 031

.101
.093
.096
.099

176,416
171, 458
110, 600
84, 515

53, 249
27, 671
12, 514
8,230

2,135
2,106
1,867
2,062

481, 749
415, 047
335, 993
236, 200

.106
.102
.101
.094

59, 552
45, 241
32, 648
19, 794

4,906
143
71
944

2,437
2,678
2,621
2,522

159, 629
220, 449
322, 857
431, 694

.099
.099
.096
.103

258, 150
201, 609
151, 549
81, 369
30, 526
19, 847
14, 065
34, 760
185, 723
405, 150
387, 160
315, 442

61, 350
.124,196
160, 899
182, 173

22, 013
60, 015
40, 482
60, 272

250, 319

348, 821

251, 805

303, 478

245, 123

308, 776

Consumption

Thous. of Ibs.

231, 106
189, 530
271, 659
253, 101
188, 105

342, 229

Production

Short tons

225, 152
169, 223
223, 758 9 1, 456
1,239
183, 517
168, 811
194, 965
290, 279
280, 618
298, 294

OLEOMARGARINE 2

Stocks
at mills, Exend of ports *
month i

8 93, 175
176, 746
175, 239
182, 653
137, 015
149, 183
114, 794

170, 890
99, 087

8 98, 545
104, 564
94, 699
57, 623

Production i

Dolls,
perlb.

Thousands of pounds

463, 114
357, 084
354, 433
392, 739 8 457, 924
308, 006 259, 179
335, 846 364, 661
253, 578 315, 672
269, 745 327, 424
321, 649 435, 341
423, 562 592, 223
495, 473 587, 386
491, 853 594, 639
384, 411 519, 072

Price, summer yellow
prime 4

Refined

Crade i

7

12, 102
712,002
7 12, 151
7
12, 709
23, 937
29, 217
30, 733
29, 957
17, 840
15, 380
18, 839
19, 294
19, 568
20, 293
23, 042
26, 374

11, 861
11, 798
11, 787
12, 404
19, 044

22, 748
22, 345
25, 484
23, 569
20, 917
20, 645
17, 214
20, 882
23, 495
26, 041
25, 913
27, 461

21, 859
20, 356
27, 234
23, 267

26, 205
27, 624
27, 288
24, 291
23, 744
23, 738
21, 444
23, 610
28, 446
30, 631
30, 569
28, 899

26, 877
29, 081
30, 014
17, 518
14, 969
18, 872
19, 156
19, 359
20, 226
22, 881
26, 456

20, 799
21, 171
16, 727
19, 387
23, 981
26, 823
26, 256
26, 717
27, 729
26,327 27, 437
22, 800
23, 381
23, 926
20, 490
24, 965
29, 002
30, 137
32, 755
28, 526

j

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 mill,
but not seed reshipped. Stocks of crude oil include holdings of crude mills and of refiners and oil in transit to refiners and consumers, while stocks of refined oil include
holdings of refiners, brokers, agents, and warehousemen, and oil in transit to manufacturers of lard substitutes, oleomargarine, soap, etc. Yearly figures for all these items
are now based on the calendar year. Monthly data from 1920 on cottonseed stocks appeared in the August, 1922, issue (No. 12), p. 94, and on crude cottonseed-oil production
and 2stocks in the May, 1922, issue (No. 9), p. 87.
Compiled by the U. S. Treasury Department, Bureau of Internal Revenue. Production data represent total output, while consumption figures represent tax-paid withdrawals
of both colored and uncolored oleomargarine, consisting of all withdrawals for domestic use except for the Government.
3
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
* Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly quotations at New York. Monthly data from 1920 appeared
in the
May, 1922, issue (No. 9), p. 91.
6
Compiled by the U. S. Department of Commerce, Bureau of the Census, representing practically complete consumption of refined cottonseed oil by factories in further
manufacture of such articles as lard substitutes, oleomargarine, soap, etc. Yearly figures are quarterly averages. Quarterly data for 1920 appeared in the August, 1923, issue
(No. 36), p. 119.
8 Compiled by the U. S. Treasury Department, Bureau of Internal Revenue, showing total consumption in the manufacture of oleomargarine, as ascertained from tax
reports.
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
5
months'
average, August to December, inclusive.
9
6 months' average, July to December, inclusive.



83

Table 62.—FLAXSEED AND PRODUCTS

ImYEAR AND MONTH ports
i

Re- Ship- Stocks,
of
ceipts 8 ments end
mo.

Mill receipts at
DuluthSuperior 4

Minneapolis2 and
Dulutli

Oil mills s
(quarterly)

"

Argentina

Shis>«
Pr^Iiu- ;wei*f»
tfVom
tion •
Con- Stocks, Ex- Stocks, (qttyO Minne8
sump- end of ports
apolis
end
of
6 mo.7
tion
qtr.

548
771
1,225
1, 092
783
1,081
1,170
2,053

2, 315
1,196
952
1,494
786
913
778
976

1,526
702
460
871
476
439
285
338

2,999
1,907
1,017
1.463
1, 033
223
173
897

1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
1928 monthly

1,027
1,243
2,028
1,382
1,376
1,879
1,818
1,468

839
758
1,504
2,360
2,010
1,441
1,680
1,448

564
395
704
1,564
1,082
692
974
883

1937
May
June
July
August

2,376
2,925
1,381
1,123

306
377
277
679

September
October
November
December

1,716
1,758
1,491
1,029

1928
January
February
March
A.pri.1

_.

15.210

728
1,415
2,374
515
1, 520
2,617
1,457

126, 856

11,868
9, 862
10, 662
11, 158
9,271
10, 026
7,858

120, 703
114, 361
163, 391
176, 397
189, 962
180, 122
194, 179

i°50
58
63

6,176
6,407

1,066
2,668

3,336
2,761
3,219
2,099
464
1, 284
2,087
3,446

2,085
283
517
991
1,414
1,743
2,348
1,615

45
41
95
131
159
172
244

6,507
6,085
8,543
9,522
10, 263
9,757
10, 438

2,050
1,501
2,760
3,331
3,997
3, 687
5,008

4,463
3,038
3,779
4,830
3,430
5,270
6,161

2,867
1,768
2,168
3,433
3,517
4,667
4,975
4,799

339
213
607
496

1,381
1,444
908
589

119
112
152
39

8,963

3,490

6,728
4,8175,130
4,565

6,500
4,500
5,400
4,800

5,394
7,386
3,111
882

1,103
2,006
3,242
2,034

1,583
5,246
4,671
3,997

117
845
978
217

9,051

4,276

12,701

9,179

5,629
6,731
5,381
5,113

3, 600
3,000
2,400
2,000

1,181
1,264
1,671
1,718

723
616
518
398

577
457
572
572

3,312
2,668
2,087
1, 627

101
45
76
25

11, 871

4,261

8,397
5,308
8,312

3,937
6,299
7,057
5,906

May
June
July
August

2,156
1,664
1,484
1,068

625
632
245
1, 025

687
392
272
426

856
764
411
310

24
50
76
137

9,608

3,034

September
October
November
December

1,254
1,209
1,417
1,533

3,812
6,600
1,417
783

1,260
2,349
2,665
364

7,603

3,686

av___
av._.
av_._
av___
av___
av___
a v___
av__.

1929
January
February
March
April
May
June

_-

i

615
62
2,585 1,014
2,845 515
1,304

Fa<;(or>-

132, 897
120, 550
93, 863
113, 232
121, 318

167, 232

169, 274

238, 046

223, 751

7,028
6,496
5,118
4,134

179, 532

141, 889

3,346
3,150
1,968
3,150

8,157
8,156
10, 763
10, 958
13, 537
11, 057
10, 617
14, 238

10, 951
12, 502
9,379
10, 859
12, 970
13, 202
9, 253
8,878

13, 023
12, 917
15, 722
15, 079
17, 245
17, 196
14 229
13, 571
14, 443
15, 437
13 622
8,375

price,
New
Yorke

Shipments
from
Exports i
Minneapolis 8

Dolls,
per Ib.

Thous. of Ibs.

Stocks Wholesale

KMlllat fac-8
s MS &1 na- tories
tion*
(Qtty.)
(qtly.)

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___
1920 monthly av___

LINSEED CAKE
AND MEAL

LINSEED OIL

FLAXSEED

47, 286
53, 551

65, 425
78, 457

59, 706
85, 754
95, 169
96, 127
102, 935
103, 737
115, 810

99, 611
100, 718
85, 549
81, 482
130, 026
150, 072
167, 426

120, 147

152, 628

120, 117

117, 212

113, 302

193, 544

112, 199

237, 517

131, 833

189, 281

136, 373

121, 276

$0. 062
.067
.077
.103
.151
.212
.236
. 194

30, 166
20, 684
17, 188
18, 706
18, 428
15, 998
18, 473
12, 069

72, 478
42, 451
50, 532
55, 637
25, 992
7,163
29, 479
19, 635

.093
.113
.133
.131
.139
.112
.105
.100

15, 068
10, 790
17,062
17, 370
24, 283
16, 741
17, 201
22, 903

48, 856
36, 739
47, 058
54, 463
54, 224
49, 149
55, 275
46, 796

.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
25, 740

52, 984
48, 625
58,522
53, 999

.098
.098
.099
.098

27, 056
28, 540
29, 547
21, 607

44, 367
53,532
53, 686
38, 582

.103
.103
.100
.098

16, 621
11, 421
10, 057
16, 051

45,231
45, 135
47, 258
52, 392

.098
.101
.102
.101

26, 257
30, 071
31, 468
26, 141

38, 772
51, 894
44, 131
46, 569

j
_.

1 Compiled by the U, S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
2 Compiled by the Northwestern Miller. These figures represent a total movement of domestic and bonded grain at Minneapolis and Duluth-Superior. Receipts and
shipments are totals of weekly figures with the first and last weeks of each month prorated, while stocks are taken on the day nearest the end of the month. These data
displace
any previous table on this subject previously shown in the SURVEY OF CUEEENT BUSINESS.
3
Does not include mill receipts at Duluth-Superior.
4
Compiled by the Northwestern Miller and represents the receipts at mills at Duluth-Superior as distinguished from the receipts at public and bonded warehouses.
• 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.
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.
s Compiled by the Minneapolis Chamber of Commerce.
e Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices at New York. Previous to October, 1925, prices were
quoted per gallon and have been reduced to pounds at 7^ pounds to the gallon. Monthly data from 1909 appeared in the November, 1926, issue (No. 63), p. 26.
1° 10 months' average.




84

Table 63—TOTAL VEGETABLE OILS AND COPRA
TOTAL VEGETABLE OILS

COPRA

Stocks, end of
end of
Production * Factory consumption Stocks,
quarter *
quarter l
Factory
Fac- Stocks,
contory
ProExRefined
Im 3 Im
of Im
duccon- end
sumpquar- ports 3
ports 2 ports ports 3 sumption^
tion,
In
Re- Crude i
Reter
i
Refined
Crude
Crude
tion i
crude 1
fined
oleo- Crude fined
Total i margarine *

YEAH AND
MONTH

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_.
1922 monthly av_.
1923 monthly av__
1924 monthly av__
1925 monthly a v__
1926 monthly av__
1927 monthly av.1928 monthly av
1937
January
February
March
April
May
June __
July ..__
August

COCONUT OR COPRA OIL

283, 591
352, 768

504, 318 504, 034
434, 658 459, 447
505, 647 519, 273
554, 950 576, 568
660, 727 681, 077
726, 115 766, 873
761, 247 797, 553

332, 003
324, 227
308, 159
276, 696
343, 732
410, 392
470, 330

263, 529 21, 705
223, 992 6,978
197, 604 4,749
194, 496 4,117
241, 777 5,729
395, 392 3,736
450, 190 5,893
4,584

28, 499
53, 298
52, 295
67, 641
55, 368
55, 815
58, 697
63,564

7,888
11,206
13, 874
12, 128
15, 170
19, 067
18, 793
23, 023

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

9,405 59, 870
8,939 49, 811
9,406 56, 179
4,618 65, 152

26, 872
5,178
15,200
11, 334

1,996
1,652
1,145
1,444

57,049
59, 951
53, 379
56, 364

21, 383
20, 488
24, 407
19, 716

3,222
3,681
5,570
3,928

80, 914
82, 176
71, 918
70, 010

20, 754
22,897
30, 955
57, 087

511, 200

528, 426

__ 487, 201 661, 634

396, 479

487, 136

403, 776

251, 440

May
June
July
August

September
October _ _
November
December .

1,265
2,503
4,512
6,615
15, 279
17,944
10,788
8,966

506, 533
378, 498

974,980

1928
January _ _
February _
March
April

21, 387
26, 441
20, 636
30, 133
36, 850
65, 295
67, 495
71,390

635, 803
511, 121

960, 357

September
October
November _ _
December

24, 575
19, 547
31, 641
16, 977
11, 772
10, 437
17, 599
16, 863

524, 720

550, 497

1,072,711 1,003,103 569, 865 533, 756

788, 184

844, 976

562, 084

572, 359

390, 484

601, 510

401, 168

443, 100

426, 346

537, 724

360, 943

185, 966

42, 153
25, 276
21, 525
35, 881
46, 245
37, 066
40, 177
50, 430
54, 202

Thousands of pounds

22, 184
10, 665

5,869
10, 705
6,615

8,224
10, 923

18,482
15, 525

55, 890

16, 755

54, 839

11, 153

50, 945

9,340

55, 132

24, 853

62, 844

9,744

50, 308

10, 071

64, 582

14, 413

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
24, 220

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
32, 805

69, 273 105, 564
46, 486 73, 525

53,054
59, 025

155, 220
93, 277

34,958
28,664

28, 299
46, 381
58, 980
47, 839
51, 901
65, 178
70, 414

30, 669
33, 811
43, 095
43, 430
49, 280
57, 809
62,800

36, 851 8 5, 316
41, 270 4,480
52, 985 6,326
6,938
52, 725
7,576
51, 444
51, 823 8,137
59, 557 10, 133
13, 321

73, 550
115, 996
72, 692
48, 846
51, 322
69, 989
97, 829

19, 051
23,522
25, 527
14, 895
13, 616
12,943
14, 923

92, 660

13, 226

72, 567

57, 188 129, 479

58,542

71, 032

63, 839 138, 382

65, 275

65, 607

57,003 131, 384

54, 822

72, 448

73, 169 133, 912

65, 590

32, 751
22, 271
20, 889 95, 935
23,112
15, 076
12, 671 64, 807
19, 629
12, 581

34,008
31, 534
29, 672
36, 444

60, 274
75, 721
90, 377
99,943
96, 364
108, 122
133, 289

82, 269

74, 535 148, 819

69,005

62, 572 135, 639

55, 917

73, 389 143, 557

66, 834

9,837
9,680
11, 169
10, 279

8,734
8,144 108, 434
7,248
8,840
10, 436 90, 679
12, 286
12, 373
13, 549 99, 544

13, 191
14, 009
13,381 99, 053
12, 284

11,613
11, 791 69, 977
10, 642
11, 910
14, 452
15, 714
16, 026
14, 839

63, 214

15,545

15, 430

15, 491

12, 853

11, 930

12, 942

1939
January
February
March _ _ _
April
_.
May
June

_.

1
Compiled by the U. S. Department of Commerce, Bureau of the Census, covering practically the entire production, factory stocks and factory consumption of fats and
oils and their raw materials. Quarterly data, from 1920 appeared in the August, 1923, issua (No. 30), pp. 115 and 119. Annual figures are quarterly averages. Data prior
to 1919 collected by the U. S. Food Administration, and published in detail in the supplement to Bulletin 769 of the U. S. Department of Agriculture. Data on production
and 2consumption of total vegetable oils, represent those in the crude state.
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, including cottonseed, corn, and linseed oils.
3
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports of total vegetable oils include the following oils: Chinese nut,
cocoa butter, coconut, cottonseed, olive (both edible and inedible), palm, palm kernel, peanut, rapeseed, soya bean and linseed. The figures for Chinese nut, inedible olive,
ana 4 rapeseed oils, when reported in gallons, have been converted into pounds, allowing 7% pounds per gallon.
Compiled by the U. £ Treasury Department, Bureau of Internal Revenue, showing total consumption of coconut oil in the manufacture of oleomargarine, as ascertained from tax reports. Monthly data from July, 1921, together with figures for other ingredients consumed in the manufacture of oleomargarine are given in the March,
1926,1 issue (No. 55), p. 25.
6 months' average, July to December, inclusive.




85
Table 64.—ANIMAL FATS AND OILS

YEAR AND
MONTH

Factory Stocks,
Produc- conend of
sump- quarter
tion
tion

LARD COMPOUNDS AND
SUBSTITUTES

GREASES

ANIMAL FATS

Production

Fac- Stocks,
Stocks,
tory
of Produc- end of
con- end
tion
quarsump- quarter
ter
tion

FISH OILS

ANIMAL GLUES

FacPro- tory Stocks,
of
duc- con- end
tion sump- quarter
tion

Production

EDIBLE
GELATIN

Stocks,
Pro- Stocks,
end of Ship- ducend of
quar- ments
tion quar2
ter
ter
()

Thousands of pounds
1919 qtly. av__
1920 qtly. av__
1921 qtly. av_.
1922 qtly. av._
1923 qtly. av__
1924 qtly. av__
1925 qtly. av_.
1926 qtly. av__
1927 qtly. av._
1928 qtly. av

1936
May
June
July
August
September
October
November
December

1937
January
February
March
April
May
June
July
August

__

September
October
November
December

1928
January
February
March * .
April
May
June
July
August

September
October
November
December

367, 518
410, 677
473, 266
511, 451
612, 912
613,290
497,864
529, 623
529,454

144, 308
149, 275
141, 324
139, 043
140, 991
151, 862
141, 084
148, 649
164, 250

138, 071
185, 283
226, 631
175, 481
144, 576
162, 018
142, 382
176. 817
183, 867

69, 647
86,384
85,222
94, 430
102,285
99, 111
89, 849
91, 384
94, 919

51, 566
49,023
44, 325
61,548
66, 911
61, 498
59, 960
59, 782
53,229

67, 429
69, 741
95, 592
53, 127
57,045
48, 097
41,927
46, 621
50, 881

a 156, 770
196, 045
187, 631
207, 609
288,155
285, 177
294, 540

542,422

153, 725

198, 259

89, 986

56, 630

45, 676

498, 741

160, 387

180, 522

91, 545

62,434

499, 291

153, 549

141, 931

95, 197

54,088

9, 517
15, 671
11, 756
16, 182
18, 674
18, 312
25, 866

8,230
16, 507
13, 916
19,754
21, 326
17, 271
25,291
20,662
18,461

9,791
12, 046
19,990
27, 513
29, 675
29,067
38,581
36, 141
42, 135

44, 609
45, 238
54,009
47, 425
43,228
46, 105
56,225
67, 894
78, 754

23,660
25,015
24,924
24,272
25, 043
26,142

52, 442
50, 370
39,899 6,674
34,808 6,262

270,663

15, 536

7,872

36, 449

61, 665

24,289

42, 842

48, 676

242, 366

18, 127

44, 252

41, 010

86, 640

20,364

36, 675

50, 198

338, 894

22,926

23,537

34, 702

87,440

27, 911

35, 226

3

561, 429

160, 788

187,221

96,330

50, 492

49, 207

325, 972

30, 059

9,455

39, 552

62, 185

28,040

36, 429

583,333

171, 122

223,963

102, 616

49, 581

50,750

253, 858

23,705

7,008

42,836

72, 569

24, 180

36, 124

484, 996

161, 320

188, 769

91, 020

54, 606

51,163

348, 208

22, 929

36, 869

41, 495

84,421

23,100

33, 063

488, 056

163, 770

135, 525

89, 709

58, 237

52,404

250, 122

26, 770

20, 512

44, 657

95, 840

28, 848

33, 616

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
6,061
6,100

6,814
6,672
36, 275 6,524
6,587

718, 880

160, 155

230, 912

106, 459

59, 010

51, 255

306, 956

26,350

8,939

49, 130

88,148

30, 777

551, 737

148, 733

267, 065

96,479

64, 195

54,685

236, 831

27, 298

10, 308

47, 906

92, 951

26, 295

37,650

426, 973

147, 307

164, 128

84, 399

66,036

36, 840

302, 208

23,539

43,785

44, 759

110, 013

20,454

32, 843

6,489
5,887
6,621
6,780
6,256
7,528

3,305 4 9, 891
3,641 < 10, 454
3,134
9,084
8,650
3,868
4,387
8.421;
4,267
8,484j

3,894

8,882

2,401

7,191

4,541

8,421

5,'344

9,265

5,055

9,277

2,497

7,297

4,652

7,845

5,463

9,138

4,755

9,088

1,824

7,284

5,027

8,425

1929
January
February
March
April
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.
J
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.
Average of last 2 quarters of the year.
* Stocks on Dec. 31.
* Monthly average.




86

Table 65.—CROP PRODUCTION

1

[Base year in bold-faced type]
WHEAT
OATS

CORN
Winter

YEAR AND MONTH

Spring

Total

BARLEY

RYE

RICE

POTA- APPLES FLAXTOES
(total) SEED

HAY,
TAME

I

TOTAL
VALUE
OF
CROPS *

Eelative to 5-year average, 1909-1913

100

100

---

84
144
64
91
145
85
91

100
129
149
92
92
134
140
121

100
99
110
95
113
92
104
118

100
100
135
109
139
135
104
131

100
105
124
99
115
139
80
102

10O
119
150
135
174
252
209
168

1OO
99
122
172
146
162
177
219

1OO
115
101
80
124
115
90
113

100

154
151
108
93
127
171
137

144
130
110
95
96
81
127

100
70
72
73
47
68
37
55

100
104
128
136
124
114
130
134

100
107
121
159
236
251
270
191

final estimate
final estimate
final estimate
final estimate
final estimate
final estimate
final estimate
preliminary estimate.

135
132
128
133
90
141
124
130

88
115
92
111
112
83
101
132

118
126
116
125
98
120
116
131

113
107
113
85
108
99
102
105

94
106
114
131
130
109
103
127

84
99
107
98
116
100
144
193

171
286
175
181
129
113
161
116

158
174
142
137
140
176
188
176

101
127
116
118
90
99
113
129

56
115
115
97
98
140
70
105

41
53
87
161
115
99
132
99

123
143
133
145
128
129
158
139

122
157
175
163
154
137
149
148

1909-1913 average
1914 final estimate
1915 final estimate
1916 final estimate
1917 final estimate
1918 final estimate
1919 final estimate
1920 final estimate. _
1921
1922
1923
1924
1925
1926
1927
1928

Thous.
of tons

Thousands of bushels

YEAR AND MONTH

Millions
of dollars

1909-1913 average
1914 final estimate
1915 final estimate
1916 final estimate
1917 final estimate
1918 final estimate
1919 final estimate

445, 013
684, 990
673, 947
480, 553
412, 901
565, 099
760, 377

245, 095
690,108
891, 017
206, 027
351, 854 1, 025, 801
155, 765
636, 318
223, 754
636, 655
356, 339
921, 438
207, 602
967, 979

2, 713, 364
2, 672, 804
2, 994, 793
2, 566, 927
3, 065, 233
2, 502, 665
2, 811, 302

1, 143, 407
1, 141, 060
1, 549, 030
1, 251, 837
1, 592, 740
1, 538, 124
1, 184, 030

184, 813
194,953
228, 851
182, 309
211, 759
256, 225
147, 608

36, 093
42, 779
54, 050
48, 862
62, 933
91, 041
75, 483

23, 770
23, 649
28, 947
40, 861
34, 739
38, 606
41, 985

357, 699
409, 921
359, 721
286, 953
442, 108
411, 860
322, 867

176, 340
253, 200
230,011
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

5,703
6,112
6,907
9,054
13, 479
14, 331
15,423

1920 final
1Q91 final
1922 final
1923 final
1924 final
1925 final
1926 final

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

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

242, 730
248, 736
259, 406
264, 703
264, 703
265, 882

47, 861
48, 635
61, 820
61, 484
61, 484
61, 484
61, 484
58, 164

39, 864
39, 336
39, 188
37, 895
39, 299
44, 774

392, 943
410, 714
399, 798
394, 757
400, 305
402, 741

136, 701
127, 507
123, 574
123, 115
119, 333
123, 693

21, 588
23,308
23,935
24,270
24,321
25, 847

101, 035
102, 078
101, 269
103, 773
103, 773 •
106, 001

8,523

303, 110
344, 332
346, 027
350, 593
350, 593
356, 868

39, 439
36, 676
39, 274
43, 274
43, 274
43,274
43, 274
41, 766

35, 445
36, 149
36,545
38, 833
40, 422
41, 881

443, 640
459, 737
466, 815
463, 722
465, 651
462, 943

178, 640
178, 970
178, 949
177, 560
183, 309
184, 920

21, 461
24, 505
23, 448
22, 472
20, 026
19, 321

84,383
88, 818
87, 859
80, 343
80, 343
93, 031

8,456

estimate - _
AStimftta
estimate
_-.
estimate
estimate
estimate
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

593, 940
537, 001
579, 416
552, 767
552, 767
552, 767
552, 767
552, 747

1938
May 1 estimate
June 1 estimate- _
__
July 1 estimate
August 1 estimate _ _ .
September estimate
October estimate
November estimate
December estimate

486, 478
512, 252
543, 782
578, 599
578, 599
578, 599
578, 599
578, 964

274, 218
298, 378
308, 125
313, 771
313, 771
246, 527

256, 155
312, 693
322, 473
325, 266
325, 266
323, 785

853, 634
851, 145
860, 892
866, 538
866, 538
799, 274

799, 937
891, 292
901, 072
903, 865
903, 865
902, 749

2, 274, 424
2, 385, 226
2, 456, 561
2, 603, 437
2, 753, 249
2, 763, 093

2, 735, 617
3, 029, 561
2, 930, 586
2, 903, 272
2, 895, 449
2, 839, 959

1, 349, 026
1, 278, 741
1, 191, 396
1, 205, 639
1, 205, 639
1, 182, 594

1, 320, 097
1, 442, 173
1, 453, 829
1, 452, 966
1, 452, 966
1, 449, 531

i Yearly figures represent the latest revised estimates of total production for the year as reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
Monthly figures are estimates of the current year's crop as made during the first week of that month. The preliminary estimates made in December of each year are subject
to revision
in the final estimate made in December of the following year.
J
Estimated total value of all crops based on prices at the farm on Dec. 1. Prior to 1924, 23 crops were included, thereafter 55 crops, but the additional crops are minor
and have little effect on the grand totals.




87

Table 66.—WHEAT FLOUR
GEINDINGSOF
WHEAT
!

CONSUMPTION

PRODUCTION
United States

YEAR AND
MONTH

United
States 2

Canada 3

Thous. of bushels

Actual a Prorated 4
(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. _
1928 monthly a v__

Canada 3

Ca-

Grain0
offal-

pacity 2

Thous. of
Ibs.

Per cent

9,702
9,338
9 919
9,815
9.. 317
11,091
9,146

s 43, 872
41, 277
39, 836
41, 191
41, 738
43, 132

6,386
6,886
7,418
6,940
7,110
6,732

8 9, 288
8,943
8,649
8,956
9,082
9,361

10, 102
10, 466
10, 480
11,047
10, 417
10, 603
10, 318

1,421
1,559
1,661
1,547
1,580
1,475

Com-

puted *

STOCKS
(end of month)
All positions
(computed)

8,156
8,237

9,433
8,943
7,148
7,228
7,701
7,344
7,046
7, 197
6,966

8 762, 163
734, 824
702, 318
723, 384
722,100
752, 936

»56
54
52
54
54

8,569
9,291
9,223
9,719
9,492
9,626
9,300

39, 354
36, 569
40, 835
38, 028

6,819
5,615
6,643
5,281

8,624
8,023
8,936
8,309

9,676
8,996
10, 396
9,667

1,496
1,231
1,455
1,154

676, 292
624, 025
700, 540
659, 198

53
53
50
49

7,867
8,572
10, 074
8,551

7,500
7,050
6,500
6,600

May
June
July
August

38, 924
39, 085
38, 547
44,099

6,658
6,000
4,662
5,276

8,497
8,528
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, 604

6,925
9,138
9,656
8,115

10, 470
10, 817
9,735
9,035

11, 816
12, 540
11, 337
10,877

1,528
2,005
2,120
1,767

833, 108
866, 428
782,841
745, 242

64
63
59
53

9,346
11, 617
11, 111
10, 451

8,490
7,900
6,800
6,100

42,303
41, 140
44, 748
38, 986

7,246
6,737
7,481
6,058

9, 132
8,872
9,659
8,400

10, 502
10, 107
10, 738
9,661

1,579
1,464
1,617
1,314

744, 527
727, 287
790, 088
688,720

55
56
54
51

8,207
9,340
10, 499
8,064

7,150
6,970
6,200
6,700

39, 910
35, 633
39, 077
47, 528

7,138
6,304
6,769
7,330

8,604
7,665
8,416
10, 341

9,960
8,854
9,409
11, 563

1,541
1,359
1,458
1,590

705, 781
636, 308
688, 711
817, 831

50
44
51
58

9,515
8,269
7,762
10, 431

6,300
6,200
7,847
7,400

47, 975
52, 853
45, 247
42, 181

8,554
9,473
9,690

10, 504
11, 579
9,901
9, 255

11, 197
13, 316
11,200

1,892
2,130
2,175

820, 229
910, 238
779, 409
726, 103

66
66
61

9,077
12, 536
10,401

8,500
7,900
7,500

_
_ _.

1928
January
February, _
March
April. .
May.
June
July
August

__

__ __ _.

September...
October
November..
December _ _

by

mills 2
(qtly.)

9 3, 965
3,891
4, 125

4,127

3,566

4,267
4,540

4,189

3,634

4,180

WHOLESALE
PRICES i
Stand-

United CanStates * ada e

ard
Winter
pat- straights
ents Kansas
Minne- City
apolis
Dollars per barrel

Thousands of barrels

1937
January
February
March
April

September
October. _
November
December

Held

EXPOETS

,023
,064
,305
,198
,160
,809
2, 204
1,654

408
389
464
660
731
839
839
394

$4.58
5.10
6.66
7.26
11.39
(7)
12.00
12.68

$3. 85
4.13
5.61
6.09
10.55
10.30
10.70
11.58

1,400
1,252
1,359
1,333
927
994
1,068
996

606
790
928
956
860
871
772
895

8.34
7.30
6.38
7.18
8.83
8.44
7.43
7.21

7.05
6.14
5.36
5.98
7.67
7.24
6.69
6.41

1,009
874
867
1,016

774
748
1,029
415

7.46
7.42
7.33
7.25

6.55
6.54
6.58
6.58

1,099
863
788
1,052

804
847
449
514

7.83
7.91
7.81
7.60

6.96
7.06
6.92
6.77

1,281
1,513
1,326
1,126

677
899
1,149
957

7.07
7.23
7.15
7.10

6.64
6.54
6.58
6.56

1,245
947
1,011
1,097

766
768
1,142
609

7.45
7.37
7.54
8.11

6.70
6.66
6.88
7.56

845
686
647
932

886
716
782
925

8.49
7.95
7.36
6.62

7.63
7.18
6.44
5.66

1,020
1,381
1,199
939

890
1,171
1,159
923

6.59
6.41
6.23
6.13

5.65
5.59
5.53
5.50

1929
January
February
March
April..
May
June

._

1 Wholesale prices from U. S. Department of Labor, Bureau of Labor Statistics, represent averages of weekly quotations. Monthly figures from 1920 appeared in May,
1922, issue (No. 9), p. 91.
2 Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of over 1,000 mills each month, which produced about 88 per cent of the flour manufactured in 1923, and over 91 per cent in 1925, according to the census of manufactures. This increase has been due partly to the addition from time to time of other firms
to the reporting list. Stocks include flour owned by millers whether in mills, elevators, or in transit.
3 Compiled by the Dominion Bureau of Statistics, Internal Trade Branch, covering merchant mills having a capacity of about 120,000 barrels per month, and also custom
mills. The detailed reports of Canadian milling statistics also contain data on other grains as well as a division into eastern and western territory. Monthly data through
19224 appeared in May, 1925, issue (No. 45), p. 27.
Reported by U. S. Grain Corporation prior to July, 1920, covering practically the entire industry; beginning with July, 1920, from Russell's Commercial News, the
production and stock figures being prorated to 100 per cent from representative current data bearing a known relation to the total figures. Stocks represent flour in all
positions. Consumption is calculated from production, stocks, exports, and imports. Monthly production from January, 1914, given in October, 1922, issue (No. 14), p. 47.
« Exports of flour from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
e Exports of flour from Canada from Department of Trade and Commerce, Dominion Bureau of Statistics.
7
No quotations.
s Average for last 6 months of year.
s AVerage for 2 periods only, June and December.




88

Table 67.-WHEAT AND CORN
WHEAT

CORN

Held

Visible supply 2

*.

"I!

l*i !*•

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

56, 720
54, 474
35,350
63, 966
28,234
50, 191
75, 610
39, 837

32, 665
32, 604
32, 173
61, 055
47, 831
25, 871
32, 750
24, 583

18, 861
21, 619
32, 517
31, 493
27, 038

1921
1922
1923
1924
1925
1926
1927
1928

mo. av
mo. av ..
mo. av _
mo. av
mo. av__
mo. av__
mo. av__
mo. av

34, 316
34,546
54,525
70, 407
51, 241
49, 875
61,098
88, 716

36, 516
56, 510
63, 701
70, 359
63, 749
77, 741
80, 399
125, 256

59, 731
58, 454
51, 404
40, 455

1937
Jan
Feb
Mar
Apr

52, 590

Sept
Get
Nov
Dec

115, 728

_
115, 637

1938
Jan
Feb
Mar
Apr

85, 385

May.
June
July Aug

1939
Jan
Feb
Mar
Apr

67, 712
85, 415
92, 432

85, 772

May
June
July
Aug

Sept
Oct
Nov
Dec

8

46, 083

151, 228

_.

Visible
supply, ReShip- Grind- Corn, Cash,
conend of2 ceipts 3 ments 3 3 ings 7
in- tract,
month
clud- grades
ing
2,
corn No.
Chimeal cago
Dolls,
per bu.

Thousands of bushels

Dollars per bushel

Thousands of bushels

1913
1914
1915
1916
1917
1918
1919
1920

No. 3 hard
winter,
Kansas City

~<»
Ship- United States Canada^ •flI sJJS
Receipts 3 ments 3
feSa
by
Includ- Includ- §&S
mills
^*cs
ing
ing
(quar- United Canada
Wheat
terly) i States
only wheat wheat • flfl
flour
flour

YEAR AND
MONTH

Ex- Wholesale
ports 4 prices
«

Wholesale prices 6

Exports

Stocks (end of month)

10, 233
13, 525
8,845
9,653

4,195
3,817
4,664
5,276
4,952
6,142
5,411
5, 055

3,910
1,418
4,185
4,603
4,751
3,922
1,334
1,769

$0.63
.70
.73
.83
1.64
1.61
1.60
1.41

28, 409
32, 814
22, 642
23, 179
18, 887
19, 831
20, 618
27, 587

18, 949
21, 552
14, 211
14, 033
11, 261
10, 149
11, 424
17, 705

4,875
5,566
5,513
6,279
5,855
6,341
7,130
7,244

11, 015
13, 844
3,724
1,681
1,122
2,102
1,248
2,242

.58
.62
.82
.97
1.04
.76
.88
.98

40, 616
47, 792
50, 079
39, 130

27, 638
24, 667
19, 310
10, 451

10, 638
8,500
10, 111
12,326

6,618
6,510
7,336
6,846

2,017
2,123
2,180
1,548

1.42
1.44
1.36
1.35

31, 528
36 239
31,911
23, 805

12, 599
26, 241
15, 125
16, 758

10, 142
13, 282
12,090
11, 762

6,365
7,299
6,727
7,309

1,717
1,124
733
459

.87
1.00
1.02
1.09

1.42
1.45
1.41
1.44

1.31
1.28
1.31
1.32

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
8,612
8,064
6,301

571
538
860
1,206

.99
.88
.87
.87

1.35
1.34
1.39
1.53

1.51
1.56
1.69
1.96

1.33
1.33
1.38
1.52

30, 078
43, 582
46, 734
36, 056

36,001
44, 126
41, 039
19, 579

19, 551
22, 705
24, 402
18, 849

8,330
8,339
9,243
8,285

1,661
4,097
3,697
3,355

.89
.95
.99
1.03

34, 268
25, 182
35, 944
29,220

1.57
1.48
1.38
1.19

1.96
1.79
1.47
1.38

1.60
1.47
1.20
1.06

27, 554
17, 451
12, 479
9,985

23, 708
18, 771
23, 742
21, 467

23, 454
20, 221
16, 080
15, 778

6,921
6,427
5,833
5,193

1,186
1,045
891
1,018

1.07
1.03
1.08
.97

30, 928
48, 957
80, 633
53, 242

1.19
1.16
1.16
1.17

1.45
1.44
1.45
1.39

1.07
1.10
1.12
1.14

7,114
2,271
7,223
17, 790

19, 658
13, 323
26, 921
42, 712

11,949
9,044
11,868
18, 564

668
6,541
870
7,725
2,124
7,535
6,550 - 6,288

.99
.94
.90
.86

$0.85
.93
1.29
1.34
2.30
2.15
2.39
2.44

11, 117
11, 486
16, 210
12, 824
6,111
10, 266
4,101
6,254

21, 158
17, 447
24, 774
14,995
17, 985

1.46
1.25
1.21
1.33
1.81
1.55
1.40
1.60

.32
.19
.10
.21
.65
.49
1.35
1.33

20,686
25,260
11, 660
12, 868
16, 981
30, 041
33, 074
21, 526

1.43
1.42
1,39
1.38

1.38
1.35
1.30
1.29

1.37
1.35
1.33
1.31

32, 316
19, 673
8,641
14, 510

1.47
1.49
1.47
1.43

1.42
1.50
1.41
1.42

39, 536
36, 045
26, 736
11,972

17, 118
23, 475
57, 976
49, 114

1.34
1.29
1.30
1.32

5,956
2,276
2,740
2,723

11, 560
6,536
7,290
7,660

18, 647
21, 828
23, 794
11, 103

27, 912
14, 840
33, 543
46, 105

4,823
5,006
4, 153
10, 394

8,624
8,093
7,064
14, 588

39, 508
30, 365
35, 627
21, 415

17, 939
22, 058
10, 561
7,641

22,528
28,272
15, 955
11,866

$0.88 $0.99
1.01
.99
1.31
1.31
1.42
1.44
2.31
2.29
2.19
2.19
2.57
2.39
2.54
2.60

14, 198
16, 353
19,919
23, 252

8,292
14, 488
17, 160
12, 837
8,850
9,265
12, 341
18, 191

12, 897
19, 277
23, 034
18, 230
14, 072
17, 405
22, 259
25, 636

10, 214
12,291
8,081
16, 115
19,094
16,309
7,260
8,271

36, 369
35,009
32, 363
40, 878
29,993
32, 519
40, 105
43, 566

24, 318
23, 107
18, 038
29,891
21, 266
19, 388
26, 208
25, 460

23, 338
13,724
8,211
13, 858
7,210
11, 514
14, 026
8,023

29,638
19, 359
14, 327
19, 855
11, 380
15, 958
18, 834
12, 503

13, 503
14,929
22,099
25, 708
22, 398
24, 765
24, 728
34, 479

1.54
1.36
1.21
1.32
1.65
1.58
1.39
1.29

116, 613
115, 350
109, 392
83, 121

24, 595
20, 952
16, 605
14, 420

13, 757
10, 413
12, 164
17, 636

8,078
4,889
5,084
11, 363

12,619
8,822
9,009
15, 935

16, 054
14, 788
21, 026
22, 050

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, 418

13, 903
11, 342
11,942
28, 150

84, 630
94, 607
96, 468
90, 506

22, 958
62, 492
121, 009
147, 506

79, 740
73, 244
44, 823
26, 522

50, 374
49, 252
35, 156
19, 440

33, 775
29,236
20, 731
6,917

82, 368
74, 260
69, 939
63, 625

152, 560
152, 760
143,919
129, 552

23, 542
22, 488
26, 263
17,949

14,284
12, 771
14, 883
14, 269

50, 381
40, 480
55, 362
92, 108

112, 054
99, 228
72, 891
32, 728

25, 922
15, 544
72, 618
84, 221

114, 523
138, 239
140,775
142, 532

78, 069
158, 204
173, 890
197, 219

73, 322
84, 423
43, 532
32, 963

. 77
.76
.73
.74

—

May
June

i 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.
......
...
.„._.
_._..__
_,1922, issue (No.9),p.88. Wheat
flour has been converted to wheat equivalent at 4>£ bushels to the barrel, while corn meal has been converted at 4 bushels to the barrel.
« Exports from Canada
from Canadian Department of Trade and Commerce, Dominion Bureau of Statistics.
6
T
Compiled by the t . S. Department of Agriculture, Bureau of Agricultural Economics, and represents average prices per bushel for reported cash sales> weighted by the
number
of cars sold. Monthly data from 1909 appeared in the January, 1929, issue (No. 89) p. 18.
7
Grindings of corn by the wet process in the manufacture of cornstarch, glucose, etc., compiled by the Associate 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.
8
Average of 2 quarters, June and December.



89

Table 68.—OTHER GRAINS
BARLEY

YEAR AND
MONTH

Receipts
at
principal
interior
markets i

RYE

WholeResale
Exports, prices, ceipts,
Exports,
Visible includ- bysamat
Visible including
supply, in?L ple, fair prin- supply,
end of malt to good
flour
cipal end of
month 2
as
malt- interior month s
as
grains s ing,
grains s
marChi- 4
kets i
cago

Thousands of bushels

Per
bushel

Thousands of bushels

1913 mo. av
1914 mo. av
1915 mo av
1916 mo. av
1917 mo av
1918 mo! av
1919 mo. av
1920 mo. av

9,058
7,435
8,385
9,438
6,907
6,118
7,746
3,815

5,021
5,241
4,071
5, 040
4,818
4,483
8,708
3,438

1,065
1,518
2,377
2,041
1,800
1,799
4,005
1,807

$0.63
.62
.70
.87
1.32
1.31
1.22
1.26

1,294
1, 648
1,809
1,936
1,912
2,777
3,988
3,712

1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.
1926 mo.
1927 mo.
1928 mo.

3,321
3,367
3,904
5,207
5,517
3,498
5,459
8,542

2,913
2,008
2,352
2,498
3,997
4,648
2,939
4,559

2,815
1,914
1,240
2,022
2,774
1,381
3,380
4,800

.64
.63
.66
.82
.85
.70
.83
.83

1937
May
June
July
August

2,167
2,579
1,871
11, 108

947
1,143
891
3,532

1,591
1,474
2,528
4,256

September
October
November
December..

15, 547
10, 908
7,654
4,199

4,900
4,398
4,338
2,707

1928
January
February .__
March _
April

6,401
4,457
5,052
2,717

May
June
July
August _ . _ _
September
OctoberNovember.
December

av
av
av
av
av
av
av
av

TOTAL
GRAINS

OATS

Whole- Receipts
sale
at
Visible
prices,
prin- supply,
No. 3
cipal
end
of 2
cash, interior month
Chi- 4 markets1
cago
Per
bushel

Exports,
including oatmeal
as
grain s

Canada 5
Wholesale
Producprices,
tion,
cash, Grind- oatmeal
Chiings
and
cago 4
rolled
oats
Per
bushel

Thousands of bushels

Thous.
of bus.

Thous.
oflbs.

Exports,
including
flour
and
meal as
grains 3
Thous.
of bus.
18, 473
25, 820
39, 459
34, 658
30, 113
34, 071
35, 616
35, 234

13, 018
7,323

155
680
1,138
1,320
1,224
1,359
3,375
4,938

$0. 64
.77
1.09
1.11
1.87
1.94
1.53
1.87

20, 694
22, 200
22, 651
27, 299
24, 844
28, 335
19, 264
17, 801

22, 907
24, 390
20, 481
30, 336
23, 493
22, 703
22, 898
17, 610

446
2,927
8,725
8,464
8,266
9,586
4,643
1.084

$0.38
.42
.50
.46
.64
.78
.70
.80

2,573
5,353
3,683
5,414
2,489
1,717
3,479
2,327

2,785
5,516
14, 017
16, 288
10, 340
10, 493
5,304
3,310

2,512
3,967
2,668
3,082
2,408
1,003
3,014
1,223

1.21
.89
.75
.92
1.13
.96
1.05
1.13

17, 880
19, 063
19, 974
22, 046
19, 512
13, 514
12, 399
12, 857

50, 863
49, 317
19, 637
30, 675
58, 742
48, 603
27, 852
14, 014

284
2,519
295
343
2,478
987
848
882

.39
.40
.44
.51
.47
.43
.50
.56

821
821
1,053
855
893
854

9,610
10, 322
15, 362
11, 098
11, 716
10, 114

46, 264
41, 603
22, 254
26, 983
20, 162
21, 430
27, 325
21, 315

.90
.92
.79
.80

3,272
1,358
1,444
4,293

2,213
947
1,376
3,083

5,861
3,601
339
1,325

1.13
1.15
1.10
.97

11, 888
9,701
8,125
21, 413

22, 350
18, 110
12, 270
22, 501

3,216
1,472
534
1,398

.51
.50
.48
.48

694
659
805
791

8,148
8,513
9,749
9, 785-

26, 288
19, 014
16, 076
35, 589

6,830
7,240
6,752
3,649

.83
.82
.84
.88

10, 512
7,496
4,619
2,386

2,207
1,595
2,412
3,275

7,743
6,425
2,889
1,309

.97
1.00
1.06
1.09

17, 223
13, 914
11, 961
10, 733

26, 430
25, 182
24, 429
22, 982

647
569
286
389

.49
.50
.51
.55

1,107
1,027
1,110
1,202

13, 357
11, 650
13, 565
14, 734

55, 327
50, 817
37, 523
18, 526

2,359
2,206
2,738
2,339

1,901
1,004
915
876

.93
.96
.99
1.01

1,477
1,330
1,982
1,186

3,656
4,078
4,959
5,051

519
458
313
366

1.09
1.12
1.20
1.27

10, 495
11, 667
13, 975
12, 436

21, 519
20,634
16, 265
11, 453

623
336
453
387

.56
.58
.61
.65

1,040
822
944
846

12, 461
9,360
10, 982
10, 208

12,264
12,431
12, 659
12, 644

3,031
2,652
2,217
23, 611

1, 435
711
685
6,313

1,386
1,910
2,242
8,758

1.04
.96
.83
.73

1,593
781
571
2,636

1,696
1,465
1,146
1,440

3,345
1,297
195
709

1.32
1.26
1.13
.98

14, 406
7,144
6,610
27, 271

7,319
3,392
1,954
15, 687

465
78
104
2,403

.69
,71
.61
.39

887
753
723
988

11, 520
9,974
9,320
15,968

15, 006
12, 423
10,496
27, 476

21, 710
16, 797

8,084
8,962
9,627
9,250

14, 830
11, 639
5,263
6,873

.67
.62
.55
.57

6,001
6,770
1,515
2,083

1,927
4,437
4,143
5,726

2,471
3,098
1,401
499

1.00
1.05
1.06
1.06

14, 375
13, 872
10, 834
11, 196

18,004
17, 882
16, 935
17, 118

2,308
1,653
822
951

.43
.45
.47
.49

1,100
1,292
1,112

16, 499
17, 760
13, 988

42, 805
45, 533
25, 564
26,477

7,377
6,476

1929
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 Bradstreet's, representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc. Monthly data from 1913 appeared
in November,
1925, issue of the SURVEY (No. 51), p. 23.
3
Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 88. Malt is
converted at nine-tenths of a bushel to a bushel of barley. Barley flour con verted at 5.5 bushels to the barrel, oatmeal at 5.21 bushels to 100 pounds, and rye flour at 6 bushels
to the barrel. Barley flour is included in exports of barley only in 1918 through 1920.
4 From U. 8. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91.
« Compiled by the Dominion Bureau of Statistics, Internal Trade Branch, covering merchant mills having a capacity of about 120,000 barrels per month^ and also custom
mills. The detailed reports of Canadian milling statistics ateq contain data on other grains as well as a division into eastern and western territory. Monthly data from
1922 separating oatmeal and rolled oats appeared in May, 1925, issue (No. 45), p. 27.
a Complied 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.




90

Table 69.—RICE, FRUITS, VEGETABLES,. AND HAY
RICE i
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

169, 718
203, 340
196, 238
258, 484
275, 513
278, 785
254, 825
222, 175

Receipts
(3)

Number of carloads

Tons

6,950
4,754
5,737
6,796
8,580

318, 147 1, 291, 023
275, 358 1, 253, 992
223, 472 1, 343, 655
156, 446 1, 142, 799
133, 944
896, 837
160, 417 1, 574, 641
175, 293 1, 746, 110
168, 035 1, 768, 120
i

63, 532
52, 946
40, 105
31, 728
56, 272
97, 415
43, 506
27, 999

500, 049
342, 952
290, 699
128, 758
54, 583
97, 910
266, 461
316, 142

2,344
2,570
3,391
3,484
3,320
3,867
3,289
3,598

249, 175
177, 220
199, 258
130, 146

2, 095, 911
1, 957, 608
1, 867, 788
1, 696, 891

56, 818
70, 562
60, 538
99, 637

266, 945
508, 895
442, 528
455, 159

119, 681
119, 932
96, 074
109, 951

1, 400, 980
1, 181, 230
987, 310
1, 236, 674

46, 034
16, 095
26, 248
19, 503

256, 598
219, 649
74, 519
112, 232

1, 242, 281 849, 908
1, 919, 740 1, 200, 174
1, 391, 278 1, 162, 603
991, 033 1, 006, 759

195, 155 1, 581, 097
239, 453 2, 247, 038
232, 725 2, 409, 940
234, 740 2, 290, 857

27, 217
21, 888
22, 808
54, 723

1, 128, 581 1, 118, 120
1, 129, 645 961, 109
1, 417, 266 905, 678
920, 032 835, 992

158, 323
224, 932
170, 442
205, 148

2, 106, 310
2, 038, 415
2, 137, 656
1, 957, 878

909, 718
531, 073
285, 155
346, 076

203, 261
115, 399
35, 274
96, 643

777, 583
1, 245, 714
1, 277, 631
1, 053, 585

147, 464
202, 697
251,453
205, 384

1921 mo. av
1922 mo. av
1923 mo. av__ 4 337, 223 n, 172, 184
1924 mo. av__ 188, 668
386, 862
1925 mo. av.. 66, 022
254, 002
579, 429
1926 mo. av__ 211, 855
1927 mo. av__ 237, 667
977, 250
1928 mo. av

796, 277
837, 657
659, 645
707, 425
494, 586
630, 670
767, 403
854 334

957, 589
797, 973
687, 198
691, 376
536, 989
635, 703
802, 847
853, 953

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

May
June
July
August

325, 000
385, 000
152,000
None.

837, 000
452, 000
(fi)
(•)

396, 006
429, 614
147, 176
792, 345

September ..
October
November__
December__-

75, 000
200, 000
125, 000
150, 000

(5)
(«)
(«)
3, 640, 000

1, 167, 284
1, 719, 740
1, 266, 278
831, 033

1938
January
February. _ _
March _ _.
April

275, 000
325, 000
475,000
300, 000

3, 365, 000
3, 040, 000
2, 565, 000
2, 265, 000

853, 581
804, 645
942, 266
620, 032

400, 000
220, 000

1, 865, 000
1, 645, 000

351, 607
129, 752
16, 892
338, 269

3 994, 249
896, 093
560, 607
842, 525
1, 005, 070

1, 142, 939 1, 120, 252
1, 043, 369 877, 798
996, 153 734, 405
706, 901 569, 194

721, 006
814, 614
299, 176
792, 345

751, 607
349, 752

700,
643,
345,
423,

427
295
794
559

757, 281
1, 021, 642
872, 667
682, 788
811, 658
1, 287, 057

HAY

Car-lot shipments 2

1,800
1,752
1,865
1,940
2,383

479, 349
652, 912
642, 918
699, 754
611, 661
554, 723

1, 197, 924
2, 113, 697
1, 935, 761
947, 584

Domes- Imports Exports Coldstor.
tie at
holdmills
ings
i
and
end
dealers
mo.
Thous.
Pockets of 100 pounds
of bbls.

New
Orleans

26, 633
45, 687
57, 431
109, 150
172, 990
139, 944
314, 063
327, 177

468, 036
640, 627
591, 159
633, 910
609, 477
639, 610

September _ October
November _ .
December __-

Stocks,
end of
month

191,510
193, 597
212, 140
179, 760
222, 059
446, 741
136, 090
109, 706

1913 mo. av
1914 mo. av
1915 mo. av
1916 mo. av
1917 mo. av__
1918 mo. av
1919 mo. av
1920 mo av

May
June
July
August

I

CITWHITE
RUS POTA- ONFRUIT TOES IONS

APPLES

3,417
5,398
5,975

11,397
12, 055
14, 105
15, 005
14, 627

1,304
1,596
1, 835
1,740
2,163

124, 870
120, 675
119, 102

8,042
7,734
10, 268
9,009
9,202
10, 380
8,209
9,675

7,500
5, 882
8,261
8,562
7,299
8,095
8,833
7,848

18, 206
19, 930
18, 956
20, 178
19, 585
18, 895
20, 513
20, 886

1,932
2,163
2,132
2,502
2,453
2,685
2,697
2,813

69, 948
76, 873
76, 493
80, 006
72, 343
66, 371
58, 001
53, 582

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

534
None.
None.
33

2, 465
1,202
1,731
3,352

10, 643
7,559
5,781
4,492

16, 407
21, 785
20, 709
17, 418

2,455
830
1,864
2,313

50, 563
53, 435
48, 005
51, 652

132, 903
203, 350
159, 871
267, 294

1,038 11, 039
5,992 31,612
7,831 16, 607
6,845 5,881

3,853
5,618
7,487
12, 123

23, 674
37, 410
20, 318
13, 206

4,473
5,754
2,924
2,234

64, 440
69, 233
55, 161
51, 806

52, 744
58, 820
39, 279
34, 447

469, 435
322, 071
288, 771
392, 919

5,307
3,699
2,454
1,378

5, 305
4,913
3,569
2,322

9,057
8,735
10, 194
8,893

19, 665
22, 258
23, 582
16, 851

3,114
2,470
1,743
2,993

63,009
62, 673
57, 567
46, 628

1, 455, 366
1, 067, 092
829, 608
695, 660

27, 452
14, 815
31,688
6,026

380, 725
291, 287
189,472
126, 668

599
None.
None.
84

1,803
1,040
3,369
4,170

8,350
5,134
5,070
4,254

22, 955
29, 152
20, 972
15, 538

4,133
1,200
1,653
2,561

42, 955
43, 622
43, 770
59, 774

1, 108, 564
2, 142, 144
2, 886, 600
2, 792, 141

15, 412
8,864
16, 663
29, 774

152, 906
228, 255
408, 917
542, 283

1,631 18, 085
8,733 44, 034
10, 392 19, 331
8,161
8,904

3,636
5,868
11, 671
13, 314

20, 267
28, 921
17, 593
12, 872

6,009
4,115
2,158
1,611

64, 511
60, 558
54, 962
42, 958

!

1929
January _ _ _
February _
March
April
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 Rice Growers1 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 V. 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 at 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 consists of oranges, lemons, and grapefruit.
3
4 Receipts of hay at 11 principal markets, compiled by prorating weekly reports to the Hay Trade Journal.
6 Average for 10 months, March through December.
Stocks on hand are negligible, as the crop is not warehoused until the month of December.




91

Table 70.—LIVESTOCK MOVEMENT3
CATTLE AND CALVES

HOGS

Price,
Shipments
steers,
good to
Local
Total
Total
slaugh- choice,
corn
receipts Stockreceipts Stockter
erand Total
fed,
erand Total
feeder
Chifeeder
cago2

SHEEP AND LAMBS

Shipments

YEAR AND
MONTH

Dolls, p.
100 Ibs.

Thousands of animals

Shipments
Local
Price,
slaugh- heavy,
ter
Chicago 2
Dolls, p.
100 Ibs.

Thousands of animals

Total
receipts Stockerand Total
feeder

2,120
2,537
2,501
2,230

1,685
1,874
2,271
1,961

371
434
580
432

917
1,017
1,215
1,047

1,226
1,278
1,595
1,684
1,356
1,264
1,254
1,433

2,195
2,395
3,014
2,932
2,305
2,048
2,195
2,440

8.45
9.39
7.70
8.48
12.22
12.35
10.12
9.63

2,014
1,864
1,835
1,850
1,842
1,989
1,995
2,133

258
347
373
390
361
385
408
418

84
129
126
105

1,142
1,334
1,317
1,476

1,673
1,933
2,219
2,441

12.38
12.97
12.09
11.77

3,279
3,090
1,917
1,706

4,252
3,308
3,754
3,142

99
94
102
84

1,527
1,315
1,368
1,101

2,694
2,006
2,386
2,050

11.97
11.64
11.01
10.51

11.44
11.83
12.30
12.58

3,613
3,775
3,046
3,041

72
61
38
38

1,216
1,259
1,110
1,192

2,380
2,522
1,939
1,846

1,085
1,291
1,240
980

13.31
14.33
15.94
15.50

2,565
3,039
3,666
4,209

48
78
113
95

1,051
1,137
1,284
1,485

660
552
522
640

1,080
961
940
1,013

15.80
14.78
13.72
13.34

5,306
5,267
4,639
3,483

77
75
78
65

283
184
196
336

682
594
608
814

1,120
963
1,013
1,007

13.18
13.56
14.99
15.11

3,723
3,548
2,924
2,523

563
799
497
253

1,067
1, 327
944
598

1,069
1,195
1,038
910

16.19
14.63
14.28
14.28

2,600
3,666
4,075
4,773

1,106
1,239
1,136
1,016

3,170
3,739
3,706
3,510

64
81
75
61

1,048
1,198
1,197
1,275

923
1,036
1,086
1, 154
1,205
1,196
1,122
1,026

8.76
9.46
9.96
9.68
10.65
9.51
12.73
11.36

3,425
3,672
4,611
4,618
3,661
3,314
3,451
3,877

42
49
68
41
44
76
77
61

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

205
175
200
204

657
537
607
602

1,136
1,012
1,134
1,066

10.30
11.06
11.92
12.28

1,956
1,732
1, 547
2,065

235
170
138
269

732
624
562
802

1,201
1,112
971
1,231

September...
October
November
December

1,988
2,635
2,346
1,691

407
675
615
319

906
1,259
1,156
729

1928
Januarv
February
March .
April

1,771
1,516
1,465
1,684

234
194
173
254

May
June.
July
August .

1,799
1,558
1,650
1,829

September. ._
October
November ...
December

2,191
2,541
1,963
1,510

1,922
2,108
2,052
1,950

321
400
418
440
342

789
859
896
819

1921 mo. a v _ _
1922 mo. a v _ _
1923 mo. a v _ _
1924 mo. a v _ _
1925 mo. a v _ _
1926 mo. a v _ _
1927 mo.av-.
1928 mo. a v _ _

1, 649
1,935
1,934
1,975
2,006
1,989
1,897
1,790

292
405
379
331
319
309
301
330

717
889
838
808
786
784
764
751

1926
September...
October _ _
November- ..
December

2,397
2,674
2,460
1,846

521
693
570
301

1937
January
February
March
April

1,832
1,555
1,743
1,674

May
June
July
August _ _ _ _

Chi-

cago

Lambs,
Chicago

Dollars per 100
pounds

Thousands of animals

$8.37
8.36
7.13
9.62
15.71
17.60
18.24
14.19

$8 51
7.04
8 70
9.58
12.81
16.42
17.50
14.49

1913 mo av
1914 mo. av
1915 mo av
1916 mo. av
1917 mo. a v _ _
1918 mo. a v _ _
1919 mo. a v _ _
1920 mo. a v _ _

Price 2
Local
slaugh- Ewes,
ter

762
855
1,053
915

$4.69
5.04
5.93
7.17
10.33
11.29
9.35
8.74

$7.79
8.12
9.23
10.02
16.09
17.33
16.13
15.90

944
973
977
983
976
1,038
1,040
1,110

1,071
889
856
867
867
949
955
1,021

3.41
5.81
6.09
6.91
7.21
6.59
6.12
6.51

9.99
13.22
13.46
14.29
15.22
13.73
13.79
14.20

1,093
1,150
493
223

2,124
2,098
988
780

1,147
999
932
934

5.77
5.81
5.77
5.64

13.78
13.28
12.70
12.04

1,740
1,501
1,558
1,486

207
136
140
118

819
669
719
690

921
829
843
800

6.41
7.78
8.00
7.78

12.47
13.24
15.06
15.81

9.45
8.69
8.98
9.19

2,013
1,816
1,676
2,209

259
257
216
390

'1,064
849
760
1,054

951
963
920
1,137

5.90
5.16
5.31
5.58

14.85
13.25
14.22
13.58

1,512
1,883
2,382
2,745

10.85
11.06
9.47
8.58

2,848
3,587
1,896
1,609

947
1,560
497
174

1,734
2,413
988
723

1,101
1,148
950
896

5.19
5.25
5.47
5.63

13.56
13.87
13.58
13.01

1,849
1,810
1,760
1,385

3,443
3,457
2,892
2,078

8.32
8.03
7.83
9.09

1,705
1,669
1,520
1,591

116
101
95
133

705
729
705
778

994
945
814
814

6.05
8.16
8.41
8.90

12.65
15.13
15.38
15.98

66
56
45
43

1,296
1,299
1,193
1,160

2,420
2,269
1,719
1,363

9.61
10.12
10.86
11.71

1,952
1,913
1,898
2,362

205
278
234
564

994
904
828
1,250

951
1,020
1,068
1,097

7.31
5.88
5.38
5.72

15.19
13.03
15.18
14.31

55
65
62
48

1,093
v 1, 341
1,475
1,529

1,500
2,311
2,602
3,230

12.43
10.03
9.02
8.78

3,386
3,938
2,053
1,610

1,080
1,466
544
193

2/161
2,485
1,091
693

1,213
1,403
1,016
917

5.50
5.35
5.31
6.28

14. 16
13.08
12.69
13.78

|

__

1929
January
February
March.
April..
May...
June...
1 These figures, except prices, represent the movement at between 60 and 70 markets; data procured from the U. S. Department of Agriculture, Bureau of Agricultural
Economics.
Monthly data from 1920 appeared in November, 1922, issue (No. 15), p. 115. Data on total animals slaughtered are given in Table 36.
2
From U. S, Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91.




92

Table 71.—PORK PRODUCTS
PRODUCTION i
(inspected slaughter)

COLD-STORAGE HOLDINGS »
(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
NewYoj-k

Thousand of pounds
1913 monthly average
1914 monthly average. __
1915 monthly average
1916 monthly average. ..
1917 monthly average
1918 monthly average. __
1919 monthly average
1920 monthly average

477, 117
450, 851
524 294
565, 691
449, 570
583, 154
588, 977
539, 452

1921 monthly average...
1922 monthly average...
1923 monthly average. _.
1924 monthly average. __
1925 monthly average...
1926 monthly average...
1927 monthly average. ..
1928 monthly average...

560, 212
618, 276
765, 178
734, 963
610, 226
606,044
644, 230
714, 887

1927
January
_ _ _ _
February
March
April .
May
June
July
August

_

September
October
November
December

1938
January
February
March
April
_
May ._
June
July
August

September
October
November

... _

T)fifip;mbfir

_

WHOLESALE
PRICES *

Dollars per pound

431, 847
343, 486
378, 420
383, 581
417,203

$0. 166
.167
.153
.185
.252
.318
.343
.334

$0. 110
.104
.094
.135
.219
.261
.290
.200

642, 209
561, 021
760,042
737, 726
645, 460
551, 637
669, 029
742, 954

435, 295
481, 376
588,051
600, 103
524, 712
512, 824
558, 787
610, 717

.268
.265
.212
.202
.271
.307
.246
.228

.111
.115
.123
.133
.168
.150
.129
.123

69, 576
77, 103
92,069
99, 611

589, 071
671, 674
738, 446
770, 212

564, 328
446, 129
539, 757
473, 266

.269
.273
.270
.268

.129
.128
.130
.128

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

30,093
21, 897
18, 127
25, 100

726, 941
539, 240
465, 976
578, 280

118, 174
72, 121
46, 154
54,855

608, 767
467, 119
419, 822
523, 425

576, 349
615, 065
603, 579
594, 140

.224
.233
.220
.214

.133
.130
.125
.120

70, 660
79, 872
79, 929
56,554

18, 135
29, 409
37,008
29, 605

739, 645
1, 006, 998
1, 162, 243
1, 133, 760

84,007
121,082
164, 506
173, 088

655, 638
885, 916
997, 737
960, 672

675, 668
641, 246
618, 459
528, 236

.212
.210
.207
.201

.124
.116
.118
.121

85, 201
82, 936
84, 290
81, 924

55, 540
53, 436
52, 940
50, 658

29,661
29, 501
31, 351
31, 265

1, 105, 439
1, 129, 839
1, 024, 124
859, 903

186, 073
214, 479
204, 939
177, 888

919, 366
915, 360
819, 185
682, 015

616, 624
598, 167
560, 122
550, 185

.206
.215
.236
.249

.123
.122
.125
.128

65, 617
75, 384
88, 592
109, 671

46, 158
59, 865
67, 716
86,358

19, 459
15, 519
20, 877
23, 313

641,977
516, 634
259, 019
754, 112

126, 890
83, 474
67, 257
84, 557

515, 087
433, 160
461, 762
669, 555

588, 472
675, 222
641, 236
634, 971

.254
.260
.243
.244

.132
.124
.121
.117

85,065
68, 960
114.039
120,941
108, 142
187, 558
219, 803
128, 019

35, 555
31,060
45, 735
63,408
51, 021

85,386
77, 082
141, 823
156,394
76, 998

644, 543
669, 283
875, 406
920,922
898, 845

85, 741
74, 117
95, 959
92, 212
120,413

558, 802
595, 167
784, 364
828, 710
778,432

114, 942
131, 261
164,270
160, 219
120, 979
126, 115
129.729

135, 887
123, 912
165, 645
139, 483
102, 260
93, 319
82, 029
90, 399

72, 412
63, 913
86, 282
78, 675
57, 402
58, 248
56, 775
63, 307

63, 476
59,999
79, 363
62, 808
44, 857
35,073
25, 375
26, 259

761, 914
647, 594
837, 352
827, 581
753, 480
646, 521
771, 955
883, 641

119, 705
86, 573
77, 311
89, 855
108,020
94, 884
102, 926
140, 729

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

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

458,.919
497, 128
596, 842
793, 789

89, 704
92, 860
110, 525
155, 157

89,829
72, 251
67,764
87, 955

59, 736
50, 355
49, 636
62, 855

935,467
1, 017, 548
890, 408
585, 081

190, 557
217, 354
155, 052
127, 075

98, 794
109,280
116, 937
86, 159

672, 640
704, 468
537, 820
466, 696

140, 414
146, 520
108, 522
92, 401

434, 296
623, 716
741, 385
969, 121

80, 135
113, 968
141, 720

1929
January
February
March
April.
May
June
1 Production of pork products, including lard, from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal
Industry, given as total dressed weight, excluding meat from condemned animals. Slaughter of hogs under Federal inspection according to 1919 census figures amounted
to 68 per cent of total slaughter. Monthly data from 1920, slightly revised since, given in May, 1922, issue (No. 9), p. 95, including data on exports, storage holdings, and
apparent consumption also. The figures shown here for lard revise previous figures through calculation of production from yields by the Bureau of Agricultural
Economics.
2 Exports reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The total includes bacon, ham, shoulders, lard, neutral lard, and
canned, fresh, and pickled pork. In the division between lard and other products, neutral lard is included with "Other products."
s Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal.
< Apparent consumption, including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural
Economics from the inspected slaughter, less condemned animals, plus net imports less exports and reexports and the change in cold-storage holdings.
a Wholesale prices are averages of weekly quotations as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data on ham prices from 1919
appeared in September, 1923, issue (No. 25), p. 55.




93

Table 72.—OTHER MEATS
BEEF

YEAR AND MONTH

Production (inspected
slaughter) i

Exports 2

MISC.
MEATS

LAMB

TOTAL MEATS

(including lard)

Wholesale
Coldprices 5
ColdProduc- Cold- Appar- storage
Production (in- storage
storage Apparent
conFresh
holdtion
Westent
conholdspected ings, sumpholdings, sumpern
(inspected
native
ings,
slaugh- end of tion ^
end of
tion*
dressed
slaughter)
1
steers,
end
of
month s
ter) i month
steers, Chimonth 6
N.Y. cago

Thousands of pounds
1913 monthly average
1914 monthly average.
1915 monthly average.
1916 monthly average.
1917 monthly average.
1918 monthly average.
1919 monthly average.
1920 monthly average.

329, 811
314, 784
331, 971
383, 268
457, 910
522, 309
448, 074
395, 093

3,016
7,161
31, 297
22,724
29,142
58, 338
22, 592
11, 599

127, 200
192, 343
256, 523
237, 123
156, 117

1921 monthly average.
1922 monthly average.
1923 monthly average.
1924monthly average.
1925 monthly average.
1926 monthly average.
1927 monthly average.
1928 monthly average.

371, 108
414, 045
427, 407
444, 005
456, 643
479, 709
439, 769
393, 891

3,418
2,723
2,347
2,171
2,205
2,065
1,613
1,124

449, 382
449, 020
417, 119
465, 597

Coldstorage Apparent
holdings, consumpend of
tion 4
month s

Thousands of pounds

Dolls, per pound

852, 589
810, 258
894, 710
986, 523
935, 767
1, 137, 294
1, 075, 590
968, 944

887, 581
1, 224, 646
1, 269, 413
1, 157, 693

824, 727
793,573
876, 854
854, 349
955, 554

79, 137
53, 641
67, 540
72, 060
73, 021
54,644
59, 885

972, 417
1, 067, 141
1,229,773
1, 216, 998
1, 105, 812
1, 127, 495
1, 125, 809
1, 152, 324

962, 764
773, 050
984, 698
981, 848
908, 389
768, 145
893, 530
1, 005, 254

953, 358
928, 766
1, 053, 121
1, 078, 281
1, 024, 436
1, 032, 502
1, 047, 398
1, 055, 688

38, 452
38, 872
37, 706
44, 811

60, 978
63, 768
66, 457
65, 873

1, 169, 015
1, 266, 415
1, 107, 662
1, 091, 069

1, 012, 427
1, 100, 477
1, 123, 747
1, 034, 057

1, 064, 251
1, 090, 323
1, 013, 421
1, 113, 520

1,991
2,958
3,790
4,408

45, 098
45, 855
41, 877
44,246

58, 163
49, 235
52, 227
61, 420

958, 290
1, 018, 772
1, 098, 559
1, 242, 109

822, 973
635, 349
587, 338
721, 055

1, 079, 520
1, 138, 049
1, 091, 308
1,035,026

47, 081
44, 057
42, 130
36,248

4,404
4,020
3,252
1,828

47, 055
44,428
43, 052
38, 039

64,219
71, 707
74, 949
70,438

1, 370, 298
1, 431, 989
1, 310, 789
983, 046

879,949
1, 146, 474
1, 297, 700
1, 252, 200

1, 120, 118
1, 067, 401
1, 050, 925
946, 841

.201
.212
.229
.244

38, 455
40, 693
39, 394
44, 525

1,276
1,947
1,822
1,691

40,135
39, 923
39, 448
44,443

64, 846
63,941
63, 610
56, 888

1, 134, 010
1, 151, 221
952, 959
909, 277

1, 208, 773
1, 227, 965
1, 121, 998
949, 547

1, 099, 122
1, 056, 964
985, 784
1, 002, 140

.259
.255
.253
.245

49,237
54,107
45, 546
41, 079

2,113
4,321
5,472
5,625

49,042
52, 077
44, 756
41, 049

49, 798
52, 201
60, 392

902, 414
1, 108, 511
1, 197, 158
1, 376, 212

731, 111
631, 192
674, 516
941, 620

1, 074, 207
1, 149, 147
1, 083, 627
1, 031, 981

354, 440
420, 946
467, 135
431, 602
400, 648

$0. 132
.143
.135
.147
.188
.247
.254
.247

$0. 130
.136
.129
.138
.167
.221
.233
.230

45, 661
44,623
38,445
37, 564
28, 287
31, 831
38, 539
34, 399

3,722
4,531
6,026
8,291
20, 174

38, 439
29, 141
31, 299
39, 166
37, 703

99,623
68, 521
75, 689
79, 712
80, 156
64, 358
59, 065
53, 799

375,060
411, 561
427, 455
440, 905
461, 485
479, 889
446, 650
401, 372

.178
.159
.176
.171
.192
.171
.200
.245

.163
.150
.158
.171
.180
.164
.186
.228

41, 096
34, 820
37, 188
38, 030
38, 943
41, 741
41, 809
43, 546

22,090
3,294
3,742
2,495
1,731
2,622
2,625
3, 148

43,003
35, 830
37, 615
38, 047
39, 140
41, 691
41, 961
43, 704

1,418
1,374
1,920
1,899

50, 413
43, 756
35, 722
33, 446

465, 241
462, 295
427, 707
473, 599

.188
.188
.200
.200

.170
.170
.182
.185

37, 731
39,123
37, 647
44, 865

1,210
1,360
1,161
1,302

453, 993
475, 455
459, 364
403, 660

1,609
1,165
1,085
1,097

35, 878
43, 916
65, 345
76,947

458, 073
477, 129
445, 850
396, 640

.213
.225
.234
.238

.191
.210
.215
.223

45, 378
46,188
42, 354
44, 660

1938
January
February
March..
April

387, 750
370, 385
378, 251
361, 718

974
935
1,143
1,052

71,681
63,749
57, 256
46,194

397, 395
381, 727
389, 414
380, 566

.230
.230
.221
.222

.220
.212
'.205
.200

May
June
July .
August

422, 916
406,060
375, 745
398, 056

1,165
1,392
1,510
1,519

37, 212
32,238
32,442
31,065

442, 363
418, 874
386, 214
407, 512

.229
.225
.249
.260

September
October
November
December

418, 882
430,688
410, 226
366, 012

647
1,298
958
897

37, 223
58,036
79, 633
98,853

436, 958
421, 848
397, 635
355, 961

.284
.282
.262
.245

7

48, 182
86,774
103, 078
82, 474

1927
May
June__
July
August

September __
October
November
December _.

1939
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.
23 Exports, as reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include fresh, canned, and pickled and cured beef.
Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. Figures represent storage holdings
on the last day of each month. Beef holdings include frozen, cured, and in process of cure, while lamb holdings embrace frozen lamb and mutton. Total meats include
lard,4 monthly data from 1917 being shown in the July, 1928, issue (No. 83), p. 19.
Apparent consumption, including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural
Economics, from the inspected slaughter, less condemned animals, plus net imports less exports and reexports and the change in cold-storage holdings. Monthly data on total
meats
from 1916 appeared in the March, 1926, issue (No. 55), p. 23.
8
Wholesale prices are averages for the month from 17. S. Department of Labor, Bureau of Labor Statistics.
6
Compiled by U. S. Department of Agriculture and include all stocks of beef, pork, and mutton trimmings and edibles offal that have been frozen, cured, or otherwise
prepared for food. Data do not include trimmings that have not been frozen, cured, nor processed, nor sausage or canned-meat products. Data are given for the end of
each month. Monthly data from August, 1917, appeared in the April, 1926, issue (No. 50), p. 20.
? Average for 5 months, August to December, inclusive.




94

Table 73.—CONDENSED AND EVAPORATED MILK

Condensed

Evaporated

Total

Condensed

Evaporated

Total
Case Bulk
Case
goods goods goods

Condensed

Total
Case Bulk
Case
goods goods goods

1936
May
June
July
August

131, 501
122, 014
119, 279
147, 907
141, 712
146, 488
144, 459
154, 645

29, 008
16, 987
19, 531
16, 567
15, 777
15, 828
13, 020
13, 582

8,979
8,365
8,862
12, 258
12, 001
13, 246
16, 934
15, 283

82, 117
85, 798
79, 457
104, 963
100, 109
100, 704
97, 538
106, 826

11, 398
11,864
11,430
14, 119
13, 825
16, 709
16, 966
18, 953

235, 138
173, 926
137, 226
166, 022
186, 925
161, 409
165,414
181, 413

56, 515
31, 375
21, 166
20, 181
19, 236
29, 792
27, 085
28, 179

19, 701
17, 999
9,875
18, 505
16, 727
7,790
14, 904
13, 759

!

ft

Dolls, per
case

Thousands of pounds

1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
1928 mo. av

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, 773

EXPORTS s

Case
goods

Total
Case Bulk Case
goods goods goods

Bulk
goods

Evaporated

WHOLESALE
PRICES 2

29, 083
23, 346
14, 833
13, 429
14, 119
21, 259
21, 438
22,911

11, 846
13, 142
7, 504
11, 142
8,870
4,092
6,623
5,445

81, 890 $9.50 $6.01
79, 207 7.06 5.10
64,711 5.25 4.14
79, 751 6.24 4.71
109, 751 5.99 4.15
88, 189 5.91 4.33
92, 706 5.86 4.42
104, 253 5.87 4.57

Evaporated

YEAR AND
MONTH

UNSOLD STOCKS 1
(end of month)

Condensed

TOTAL STOCKS 1
(end of month)

PRODUCTION *

Thous. of pounds

6.01 4.43

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
9,952 3,219

11, 162
16, 319
10,891
11,407
11,854
8,755
6,320
5,671
6,399

207, 243
233, 143
187, 556
139, 361

18, 282
17, 618
13, 002
11, 168

26, 299
30, 040
20, 309
14, 664

139, 251
159, 995
125, 185
90, 414

23, 411
25, 490
29, 060
23, 115

153, 710
228, 156
242, 102
241, 547

26, 068
36, 734
37, 285
40, 821

15, 701
21,392
23,310
23, 136

111, 659
169, 533
181, 287
177, 323

107,
167,
179,
174,

291
693
708
441

20, 439
30, 943
31, 931
32, 545

7,073
10, 083
9,138
9,148

79, 518
126, 383
138, 475
132, 531

5.86
5.86
5.87
5.75

4.34
4.33
4.33
4.36

9,776
10, 825
9,160
7,992

2,813
3,472
3,537
2,139

6,963
7,353
5,623
5,657

September 119, 258
October. __ 109, 476
November 89, 062
December. 98, 774

10, 655
10, 871
10,639
12, 186

14, 222
12, 172
8,220
8,798

77, 512
71, 940
58, 827
67, 639

16, 868
14, 493
11, 376
10, 151

207,422
174, 909
137, 532
101, 320

34, 106
27, 945
23, 935
19, 759

21,478
18, 438
13, 738
10, C03

151, 687
128, 346
99, 685
71, 355

150, 738
135,412
100, 758
63, 896

26, 711
23, 010
18, 628
14, 399

8,203
7,869
5,016
4,072

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

1937
January. _.
February .
March
April

117,
119,
153,
183,

750
768
897
352

13, 336
9,715
11, 733
17, 033

11, 819
11, 976
14, 653
17, 688

81, 621
85, 539
111, 172
128, 504

10, 974
12, 538
16, 339
20, 127

80, 228
70, 327
66, 610
83, 104

16, 594
12, 418
10, 935
14, 608

8,303
7,782
7,812
9,721

54, 888
49, 940
47, 476
58, 455

34, 182
20, 9G6
18, 828'
20, 750

11, 296
7,054
5, 378
8,317

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 j

May
June
July
August

241, 763
258, 890
200, 076
162, 875

20, 031
20, 038
14, 577
12, 758

25, 569
27, 721
16, 974
14, 874

169, 338
181, 079
139, 687
111, 660

26, 825
30, 052
28, 838
23, 583

149, 260
230, 321
277, 379
300, 828

26, 709
41, 028
44, 028
43, 559

15,392
20, 223
19, 883
20, 796

106, 636
168, 599
213, 068
236, 173

76, 063
171, 446
222, 774
249, 728

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

September
October...
NovemberDecember.

117, 792
110, 967
89, 150
99, 440

9,294
12, 067
10, 763
11, 633

11, 867
10, 903
8,677
10, 669

76, 206
73, 341
58, 172
65, 596

20, 427
14, 656
11, 538
11, 542

280, 734
256, 650
207, 892
173, 624

38, 357
35, 932
29, 155
24, 820

19, 566
14, 956
12, 362
8,310

222, 482
205, 587
166, 187
140, 133

237. 903
219, 790
179, 904
140, 944

33, 004
30, 535
24, 919
19, 048

6,500
5,970
5,521
4,656

198, 281
183, 239
149, 397
117, 115

6.00
6.00
6.02
6.00

4.58
4.58
4.59
4.57

6,434
8,196
7,941
7,213

2,439
2,760
2,981
2,345

3,756
5,130
4,662
4,532

1928
January.. .
February _
March
April

119,410
128, 694
152, 238
178, 725

11, 565
12, 366
14, 476
13, 991

13, 231
13, 016
16, 760
17, 801

81, 599
89, 440
103, 725
128, 688

13, 015
13, 872
17, 277
18, 245

147, 774
119, 314
100, 299
124, 861

20, 618
17, 924
15, 845
18, 496

8,457
7,635
8,299
11, 757

118, 444
93, 528
75, 949
94, 338

115, 623
83, 387
73, 238
91, 928

15, 151
12, 534
10, 868
13, 169

5,216
5,230
6,034
6,453

95, 120
65, 497
56, 201
72, 121

6.00
5.98
5.84
5.83

4.58
4.46
4.23
4.23

11, 414
10, 504
13, 715
9,. 424

3,819
2,645
4,707
2,700

7,360
7,531
8,742
6,421

220, 328
252, 493

13, 133
11, 764

24, 804
30, 213

158, 066
183, 728

24, 325
26, 788

158, 648
244, 473
232, 131
211, 841

22, 396
31, 087
30, 397
30, 542

16, 716
25, 255
20, 794
19, 332

119, 210
187, 789
180, 377
161, 679

122, 875
190, 611
157, 329
134,487

18, 079
25, 081
23, 594
24, 159

8,400
13, 368
8,611
8,367

95, 386
151, 769
124, 738
101, 819

5.83
5.83
5.97
6.18

4.28
4.28
4.34
4.45

11, 357
8,742
8,550
10, 114

3,279
3,054
3,011
3,246

7,806
5,464
5,180
6,343

211,413
203, 605
191, 879

27, 837
23, 949
18, 864

17, 604
14, 429
14, 634

165, 682
164, 989
158, 217

162, 670
161, 584
153, 435

21, 821
17, 818
13, 588

6,351
4,840
3,538

134, 259
138, 808
136, 228

6.18
6.18
6.18
6.18

4.58
4.58
4.58
4.58

9,311
8, 108
10, 113
8,077

3, 405
2,531
3,335
2,892

5,583
5,264
6,276
4,821

May. __
June..
July
August

September
October
NovemberDecember.
1929

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.
^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.



95

Table 74.—DAIRY PRODUCTS, POULTRY AND EGGS
ICE
CREAM

POWDERED MILK

RAW MILK

ConProduc- sumption, tion in Produc- Net
Stocks, 'Ex- Producend of ports 8
tion «
tion s orders6 month
oleoGreater Boston Minne7
apolis,
New
(includ.
margaYorki cream )a St. Paul 3 rine *

Receipts

YEAR AND MONTH

Thousands of quarts

Thousands
of pounds

1913 monthly average
1914 monthly average..
1915 monthly average _
1916 monthly average
1917 monthly average. .
1918 monthly average. .
1919 monthly average
1920 monthly average..

59, 840
60, 520
63, 600
64, 520
66, 080
70, 520
74, 920
81, 440

11, 727
12, 193
13, 059
13, 865

5,715
7,145
7,786

1921 monthly average
1922 monthly average..
1923 monthly average..
1924 monthly average..
1925 monthly average. _
1926 monthly average..
1927 monthly average..
1928 monthly average..

85, 760
89, 280
98, 440
99, 656
103, 612
106, 196
110,904

14, 116
14, 878
15, 391
15, 930
16, 511
17, 389
17, 753

12, 141
13, 224
17, 895
21, 005
24, 100
24, 769
24, 636

1937
September
October
November _ _
December

111, 582
114, 981
108, 536
108, 272

17, 586
17, 987
16, 624
17, 376

1928
January
February
March
April

109, 709
104, 413
114, 214
109, 613

May
June
July
August

--

Receipts
at 5
markets 9

Coldstorage
holdings
(end of
mo.) 10

Thous. of
gallons

Thousands of pounds

EGGS
Receipts
at 5
markets 9

Cold-storage
holdings 10
Case

Thousands
of
cases 12

Frozen n
Thous.
oflbs.

1,749

18, 239

44, 032
64, 798
46, 146

1,224
1,079

3,069
3,504
3,367
4,156
3,261

12, 193
13, 108
15, 284
15, 130
17, 865
17, 937
18, 896

21, 355
23, 559
28, 397
30, 265
26, 733
30, 178
28, 684
29, 659

50, 278
54, 276
68, 045
64, 990
82, 050
70, 395
78, 933
67, 892

1,251
1,335
1,391
1,284
1,290
1,300
1,350
1,345

4,171
5,137
5,355
4,597
5,309
4,941
5,410
5,337

24, 562
22, 607
27, 716
27, 426
31, 610
37, 850
57, 447
62, 360

239
307
298
336

24, 440
15, 571
10, 846
8,753

24, 391
29, 103
61, 370
70, 350

43, 201
52, 315
85, 030
117, 490

897
704
603
608

7,960
5,485
2,956
882

71, 208
62, 066
54, 703
47, 020

8,334
9,185
9,113
12, 156

236
328
266
303

12, 194
12, 650
16, 382
15, 309

29, 347
20, 857
18, 135
16, 006

. 118, 154
103, 494
83, 169
56, 832

862
1,320
2,034
2,360

26
66
1,087
4,515

38, 575
31, 362
34, 411
51, 532

6,590
•6,129
6,264
6,736

. 15, 985
21, 517
22, 632
19, 941

273
225
359
526

24, 279
27, 719

17, 862
18, 849
22, 238
22, 361

43, 872
38, 230
40, 395
40, 749

2,503
1,763
1,335
1,076

8,162
10, 002
10, 496
9,944

67, 941
77, 744
81, 670
89, 196

5,662
6,284
6,188
5,945

18, 857
16, 864
13, 150

322
313
502
365

23, 859
35, 620
60, 812
69, 965

43, 578
58, 093
79, 173
108, 968

939
795
546
606

8,542
6,247
3,542
1,415

82, 255
73, 327
64, 201
56, 104

1,549
2,147
2,530
3,634
4,436

11, 645

264

" 4, 876
4,386
5,426
5,564
5,740
5,931
6,353
7,791

3,566
3,901
5,734
6,426
6,854
8,541
10, 799

11, 775
7,314
6,395
12, 881
7,092
10, 225
9,304

787
516
203
461
304
222
277
335

19, 046
20, 217
19, 868
22, 627

6,410
7,332
7,034
7,363

10, 141
9,763
8,214
9,734

6,531
5,735
5,706
5,559

10,646
9,261
7,950
5,723

17, 490
15, 964
18, 176
17, 697

26, 140
26, 192
28, 780
27, 522

7,190
8,117
7,762
7, 035

10, 597
11, 007
13, 337
15, 409

4,880
4,781
6,062
6,037

117, 558
115, 866
, 122,100
117, 162

17, 914
19, 151
19, 215
19, 081

31, 949
32, 686
28, 374
24, 413

7,455
7,034
6,652
7,014

18, 997
20, 692

113, 552
116, 849
108, 685

17, 329
18, 385
16, 438

21, 572
20, 274
21, 678

8,530
9,151
8,931
8,624

September
October
November
December

POULTRY

3,948
4,347
5,170
5,448
5,963

10, 470
11, 098
12, 357

4,930
10, 621
12, 071
14, 871
18, 866

1929
January
February
March
April
May
June..

-. .

i

1 Receipts of milk, excluding cream, in the metropolitan area around New York City, including many large cities in New Jersey, from the Milk Reporter. Monthly
data2 from 1920 appeared in the July, 1922, issue (No. 11), p. 46. These data have been computed from original figures in 40-quart cans, previously shown in the SURVEY.
Receipts of niilk at Boston by rail, including cream, from the Massachusetts Department of Public Utilities. Monthly data from 1920 appeared in the July, 1922, issue
(No.3 11), p. 46.
Production of whole milk by members of the Twin City Milk Association, including most of the area within a 40-mile radius of Minneapolis and St. Paul. Monthly
data4 from 1920 appeared in the July, 1922, issue (No. 11), p. 46.
Data from U. S. Treasury Department, Bureau of Internal Pevenue, showing consumption of milk in the manufacture of oleomargarine. Monthly data from July,
1921,5 appeared in the March, 1926, issue (No. 55), p. 25.
Data from U. S. Department of Agriculture, Bureau of Agriculture Economics, representing practically complete production, but reported only every three months.
Monthly data from 1920 on production of powdered milk appeared in the October, 1925, issue (No. 50), p. 26.
6 Compiled by the American Dry Milk Institute from 31 identical firms which in 1924 produced 61 per cent of the totals as compiled by the Department of Agriculture.
Monthly data from 1924 appeared in the November, 1926, issue (No. 63), p. 19. Data on stocks held by 21 institute members appeared in October, 1925, issue (No. 50),
p. 26. The association reports also include production and unit prices of members.
"' Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Stocks comprise powdered milk derived from whole milk, skim milk, and unskimmed
milk as of the end of the month and include both case and bulk goods, the former being comparatively small. Monthly data from 1920, divided as between case and bulk
goods,
are given in the November, 1925, issue (No. 51), p. 23.
8
Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
9
Receipts at the markets of Boston, New York, Philadelphia, Chicago, and San Francisco, compiled by the U. S. Department of Agriculture, Bureau of Agricultural
Economics,
are totals of weekly figures with overlapping weeks prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
10
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 11of the month. Monthly data from 1920 on poultry appeared in June, 1922, issue (No. 10), p. 43.
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 storage holdings of frozen eggs since 1916 were given in the May, 1927, issue (No. 69), p. 22.
12
1
case of eggs equals 30 dozen, or about 45 pounds net.
1S
6-month period, July to December, inclusive.




96

Table 75.—BUTTER AND CHEESE
BUTTER

Apparent
consumption

Receipts
at 5
markets

Coldstorage
holdings,
creamery 4

av__
av
av__
av__
av._
av._

63, 293
66, 107

138, 109
123, 796

1919
1920
1921
1922
1923

monthly av__
monthly av__
monthly av__
monthly av__
monthly av._

70, 833
71, 965
87, 912
96, 126
104, 268

127, 094
129, 466
143, 811
149, 671
155, 564

1924
1925
1926
1927
1928

monthly av__
monthly av._
monthly av__
monthly av__
monthly av__

113, 007
113, 461
120, 981
124, 708

1927
September
October
November
December
1938
January
February
March.
April
May
June _
July
August.

September
October
November
Dp.cP.TTiber^

._

80, 539
51, 588
54 572
49, 737

$0.32
30
.30
.34
43
.51

38, 336
33, 563
39, 012
43, 893
45, 448

67, 229
59, 754
52, 623
50, 959
47, 074

.61
.61
.43
.41
.47

164, 742
166, 359
173, 954
174, 056
170, 647

48, 956
47, 667
47, 745
48, 538
48, 237

73, 665
61, 665
67, 693
71, 018
62, 039

113, 546
102, 399
86, 058
88, 247

179, 878
176, 176
158,492
163, 347

42, 234
38, 301
33, 607
33, 687

106, 295
95, 661
107, 689
113, 111

159, 687
143, 844
156, 505
163, 257

148, 173
171, 440

10

American s

Total, all varieties

Production i

Apparent
consumption 2

Receipts
at 5
markets 3

Dolls,
p.lb.

Thousands of pounds
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
19 18 monthly

Price, creamery,
92 score 6 .

Production
(factory) i

YEAR AND
MONTH

CHEESE

Coldstorage
holdings 4

Exports
Imports 6

U.S.
(6)

Canada 7

Production i

Cold- Price
storage No. 1
hold- fresh
ings 4
(fl)
Dolls,
p.lb.

Thousands of pounds

10 83, 887
41, 599

4,632
4,623
3,235
2,376
528
630

221
316
5,246
4,508
4,448
4,034

12, 942
12,076
11, 442
16, 081
16,492
14, 573

22,079
20, 607

10 28, 995
26, 125
47, 590
34, 646

$0.15
.16
.15
.19
.24
.27

32 693
31, 930
33, 531
35, 852

31, 304
31, 709
33, 992
35, 733

16, 189
14, 055
16, 695
16, 655
18, 254

53, 305
52, 917
43, 939
41, 637
52, 431

944
1,333
2,239
3,881
5,368

1,180
1,358
981
417
694

12, 684
10, 533
11, 135
11, 104
9,546

23, 486
21, 224
21,811
23, 567
25, 676

41, 442
37, 559
30, 066
30, 675
39, 579

.32
.29
.21
.20
.25

.43
.45
.45
.47
.47

39, 024
41, 917
41, 290
40, 197

38, 956
40, 636
42,540
40, 924
39, 331

17, 921
18, 488
17, 324
18, 180
16, 385

66, 536
68,489
72,684
66, 933
72, 520

4,931
5,200
6,535
6,650
6,784

358
766
325
282
217

9 732
10, 580
11, 222
9,211
9,513

27, 058
28, 937
27, 993
25, 648

49, 483
52, 056
56, 964
50, 119
57, 894

.21
.25
.23
.26
.25

147, 396
118, 679
43, 224
46, 289

.46
.48
.50
.52

38, 776
37, 274
29, 364
28, 670

43,641
47, 212
39, 777
37, 101

21, 522
18, 995
14, 279
13, 826

85, 131
77, 603
70, 735
64, 035

5,102
8,441
8,976
7,474

225
211
321
211

19, 040
20, 944
16, 072
8,878

25, 783
23, 012
16, 717
16, 337

65, 453
59, 035
53,447
47, 765

.27
.28
.27
.29

42, 271
41, 140
45, 748
44, 721

28, 273
14, 404
5,716
5,109

.49
.47
.49
.45

29, 238
29, 970
35, 200
47, 883

37, 408
36, 618
41, 490
36, 670

14, 409
13, 716
14, 655
15, 138

55, 862
48, 784
43, 303
41, 791

5,347
5,303
5,759
6,229

257
208
266
187

1,324
1,148
2,011
668

16, 806
17, 713
21, 871
26, 083

41, 793
36, 710
31, 887
30, 207

.29
.24
.25
.24

205, 973
204, 173
186, 188
186, 461

54, 427
69, 650
65, 145
55, 339

15, 952
69, 750
120, 437
136, 175

.45
.44
.45
.47

51, 773
59, 152

38, 807
45, 778
32, 146
35, 189

16, 254
19, 216
21, 741
18, 727

48, 990
68, 613
89, 708
101, 498

6,280
6,581
5,937
5,597

303
180
172
215

4,860
5,849
20, 095
15, 788

34, 390
41, 630

36, 716
53,648
73,088
83, 906

.24
.26
.26
.26

168, 408
148, 598
158, 627
166, 048

44, 969
41, 956
36, 616
36, 863

128, 071
105, 811
70, 985
43, 786

.49
.48
.51
.51

41, 291
48, 357
40, 872
37, 340

18, 222
18, 669
14, 180
11, 691

98, 339
97, 421
89, 970
85, 966

6,744
9,410
9,379
8,836

141
204
278
190

17, 123
24, 282
15, 431
5,573

81, 833
82, 318
74, 325
68,297

.27
.26
.25
.26

,

1939
January
February
March
April
May
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 3 months. Total production figures covering cheese, which include cottage, pot, and bakers8 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 December, 1925, issue (No. 52), p. 21, 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.
«'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.
* Imports and exports for the United States from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing all classes of cheese.
Monthly
data from 1909 appeared in the July, 1926, issue (No. 59), p. 23.
7
Exports from Canada from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures through 1925 represent monthly averages for the Canadian
fiscal
year
ended March 31 of the year indicated.
8
American cheese figures are for whole milk cheese only and do not include cheese made from part skim milk, these latter usually totaling from 1 to 2 per cent of the
American
cheese
output.
9
Average of daily wholesale prices of American cheese, No. 1, fresh, at New York City, as compiled by the U. S. Department of Agriculture, Bureau of Agricultural
Economics.
Monthly
data since January, 1910, were given in the April, 1927, issue (No. 68), p. 23.
10
Five months' average, August to December, inclusive.




97

Table 76.—SUGAR
REFINED SUGAR

BAW CANE SUGAR
Imports i

Stocks
at reFrom
Meltings fineries,
From
4
Hawaii foreign
()
end
of
and
month 4
Porto countries
Rico

YEAR AND
MONTH

Shipments,
3 ports 6

Dollars per pound

$0. 049
.053
.059
.075
.088
.094

100
108
120
146
169
176

134, 225
125, 726
210, 908
246, 245
201, 760
272, 066

129, 447
120, 972
209. 971
237, 004
204, 422
265, 707

242,583
280, 333
364, 179
436, 913
308, 662
592, 065

e 18, 083
12, 745
30, 529

54, 889
34, 381
34, 739
68, 330
16, 552

.075
.130
.048
.047
.070

.089
.126
.062
.059
.084

.104
.182
.077
.066
.094

205
353
146
132
184

328, 360
288, 281 •
291, 342
357, 892
290, 609

323, 441
274, 811
233, 140
428,302
290, 065

647, 341
410, 287
1, 047, 721
617, 799
395, 339

62, 532
69, 758
71, 964
67, 483
67, 822

27, 319
22, 185
36, 663
39, 415
30, 309

16, 387
28, 226
7,957
9,314
9, 325

.060
.043
.043
.047
.042

.075
.055
.055
.058
.056

.084
.064
.061
.065
.063

167
131
125
133
128

332, 554
420, 238
384, 321
354, 868
330, 850

332, 035
411, 793
388, 866
338, 677
331, 356

455, 115
713, 576
816,549
818, 074
773, 784

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

384, 903
375, 748
295, 922
243, 364

258, 427
254, 963
215, 655
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

219, 926
344, 459
425, 817
448, 326

307, 050
310, 612
468, 496
409, 447

192, 968
333, 493
458, 231
666,061

40, 958
47, 631
70, 414
60, 571

29, 542
20, 283
31, 621
42, 092

3,184
8,842
9,865
8,645

.043
.043
.045
.045

.057
.056
.057
.058

.063
.063
.063
.064

129
129
129
129

238, 129
896, 615
1, 016, 015
586, 747

212, 161
326, 705
584,153
447,097

177, 801
851,113
1,202,871
1, 325, 601

158, 387
180, 861
102, 353
107, 202

271, 492
208, 241
253, 613
274, 366

378, 231
404, 120
433, 367
471, 175

701, 624
682, 591
595, 214
488, 161

58, 371
164, 224
67,638
82, 773

43, 208
34, 166
24, 930
34. 049

11, 869
5, 364
10, 313
11, 329

.045
.043
.042
.041

.059
.059
.057
.055

.065
.067
.066
.063

131
133
133
129

237, 507
123, 340
149, 682
182, 414

287,
229,
299,
348,

561
869
714
808

1, 263, 287
1, 127, 054
1, 017, 638
829,437

89, 047
104, 841
57, 602

315, 722
257, 825
229, 477
194, 351

417, 983
436, 122
404, 450
285, 122

465, 386
357, 506
234, 429
221, 196

66, 428
61, 799
48, 231
44, 824

26, 725
32, 920
25, 007
19, 168

7,413
11, 971
14, 887
8,213

.042
.039
.039
.039

.056
.052
.051
.052

.063
.062
.060
.060

127
126
124
122

168, 638
154, 547
123, 919
92, 648

370, 339
323, 317
287, 075
259, 469

630, 548
446, 210
288. 393
125, 449

69, 322
70, 803
74, 572
68, 436
63, 575

261, 149
298, 686
222, 005
362, 040
286, 806

326, 547
334, 981
296, 130
429, 002
345, 730

115, 706
106, 017
150, 497
191, 101
175, 770

e 41, 338
62, 202
53, 336

79, 142
100, 257
96, 486
100, 101

307, 724
332, 711
344, 125
306, 309
286, 968

378, 937
426, 075
431, 261
406, 863
393, 848

184, 473
202, 648
323, 541
287, 659
449, 738

144, 715
140, 717
98, 160
93, 071

348, 546
285, 968
323, 434
346, 818

472, 528
503, 703
459, 108
457, 961

September
October
November
December

74, 520
76, 540
24, 340
20, 058

278, 078
319, 464
223, 855
201, 139

1928
January
February
March. _
April.-

45, 026
130, 034
204, 691
164, 551

May
June
July
August

September __
October
November
December

_._

_.

1937
May
June
_July
August __

1939
January
February
March
April
-

_ _

Long tons

$0. 043
.047
.056
.069
.077
.078

_

av
av
av
av
av

Rel. to
1913

Stocks,
end of
month

$0. 035
.038
.047
.058
.063
.064

175, 664
201, 437
196, 569
205, 716
183, 802
192, 219

1924
1925
1926
1927
1928

CUBAN MOVEMENT »
(RAW)

2,927
1,926
14, 524
35, 847
58, 655
37, 604
15, 152

63, 336
66, 890
67, 984
69, 756
75, 683
80, 581
65, 951

1919 av
1920 av
1921 av
1922av___
1923 av

RETAIL
PRICE 2

GranEx- 1 Raw
96°
Stocks, ports,
Gran- Index, Receipts,
end of includ- cen- ulated,
ulated, 51
in
Cuban Exports
month5
trifu- bbls.
N.Y. cities
ports
ing
3 ports maple
gal
N.Y.
N.Y.

Long tons
1909-13 av
1913 av
1914 av
1915 av
1916 av
1917 av
1918 av

WHOLESALE
PRICE 2

671, 952
531,142
344,693 \
212,314

__
--

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.
4
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.
6
Compiled by the Federal Reserve Bank of Atlanta from reports of refiners at Savannah and New Orleans. Monthly data from 1921 appeared in the February, 1928,
issue6 (No. 78), p. 23.
Average for 9 months, April to December, inclusive.

28914°—29




7

98

Table 77.—COFFEE, TEA, COCOA, AND FISH
COFFEE i

MONTH

Thousands of bags

Im- Stocks
in
ports United
into 2 KingU.S.
dom 4

Price, Formosa,
flne,N.Y.3

ImReports
ceipts
into
in
World United Brazkl Total To U.S.'
U.S.
total States

Price,BioNo.7,
Brazil grades
New York 3

Clearances
from Brazil

Visible supply,
end of month

COCOA

TEA

Dolls,
per Ib.

Thous. of Ibs.

Dolls,
per Ib.

Shipments Spot Total Cold- Canned salmon
from price, catch, storage
Gold
Imprin- holdports a Coast Accra,
cipal
ShipS
New fishing
and York
Exports9
5 ports 7 (15th of6 ments Canada
Nigemo.)
U.S.8
ria «
Long tons

11,819
11, 370
9,468
9,280
10, 671

1,935
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
538
638
776
737
812

$0. 113
.107
.080
.075
.094
.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

5,063
5,795
6,601
8,576
9,026
14, 511

1918 mo. av
1919mo.av._ 12 7, 318
7,941
1920 mo. av_.
1921 mo. av
8,913
8,730
1922 mo. av
1923 mo. av__
5,863

1,851
1,213
1,695
1, 686
1,086
903

994
733
910
1,138
966
992

607
1,051
944
1,003
1,035
1,175

373
525
521
513
499
625

664
842
819
847
787
890

.098
.178
.120
.072
.103
.115

11, 044
6,747
7,567
6,374
8,093
8,927

90,408
153, 759
213, 843
211, 666
187, 796
151, 357

.358
.353
.337
.240
.303
.310

13, 391
14, 561
12, 785
11, 340
12, 831
15, 411

1909-13 m. a.
1913mo.av__
1914mo.av_1915 mo. av..
1916mo.av__
1917mo.av_. i

FISH

Dolls,
per Ib.

Thous. of Ibs.

Cases

10

36,604
106, 083
60, 167
85, 313
83,875

11, 164
10 11, 798
10
12, 256
16, 073 a 41, 747
15, 513 36, 912

$0. 0742

18, 393
17, G67
16, 195
14, 196
14, 884
16, 318

62, 533
62, 133
45, 480
44, 816
35, 321
36, 203

467,086
473, 438

76,000
82, 833
106, 813
53, 396
75,729
55, 896

1924 mo. av._
1925 mo. av._
1926 mo. av..
1927 mo. av__
1928 mo. av

4,857
5,146
4,619
4,597
5,250

726
736
779
759
799

1,280
1,070
1,143
1,302
1,177

1,158
1,118
1,130
1,239
1,170

583
586
625
665
608

897
810
943
905
1,002

.168
.203
.182
.148
.165

7,701
8,437
7,994
7,464
7,499

159, 665
195, 249
180, 634
181, 669
214, 047

.316
.350
.355
.342
.321

14,073
14, 212
15, 859
15, 811
14, 108

21,286
21, 126
21, 958
20, 348
22,498

.0751
.0968
.1156
.1595
.1291

17,005
19, 951
22,055
24,056

45,041
44,084
46,882
48, 957
53, 912

541, 804
527, 109
524, 806
513, 307

93, 875
134, 938
103, 749
95, 353
111, 701

1927
September..
October
November..
December...

4,622
4,917
5,050
5,041

547
634
686
768

1,407
1,858
1,737
1,391

1,335
1,604
1, 531
1,459

712
862
813
876

667
976
1,099
1,144

.135
.147
.145
.142

9,586
9,687
10, 547
9,057

163, 838
185, 155
213, 808
239, 085

.345
.345
.329
.325

10,444
11, 340
12, 057
15, 807

11, 022
9,615
24, 730
40, 673

.1525
.1563
.1588
.1350

26,633
27,390
21,096
14, 051

60, 330 1, 138, 147
65, 960 791, 856
66, 790 377, 951
64,787 349, 112

97, 163
120, 446
219, 358
95, 921

1938
January
February
March
April

4,862
4,792
5, 050
5,152

782
833
873
892

1,224
1,032
1, 332
1,203

1,248
988
1,318
1,052

687
507
789
518

1,148
1,024
1,085
935

.148
.157
.168
.154

8,160
6,087
7,577
4,299

254,957
252, 704
242, 771
223, 464

.325
.325
.325
.325

16,600
16, 212
18,726
16, 750

47, 996
44,841
24,195
14, 138

.1363
.1375
.1375
.1475

14,300
18,860
28,316
24,387

53, 921
44, 877
34,528
26, 473

254, 394
316, 392
314, 241
116, 155

168, 946
79, 760
103, 127
37,231

MayJune..
July...
August

5,143
5,321
5,734
5,515

775
861
850
793

1,158
1,303
1,168
1,181

1,306
1,100
1,105
1,057

649
549
598
548

839
906
821
925

.157
.157
.165
.173

4,755
4,863
7,209
8,086

195, 988
179, 214
170, 519
179, 106

.325
.325
.325
.325

18,604
23,336
12, 971
13, 461

19, 753
7,601
6,316
4,011

.1500
.1450
.1350
.1213

27,650
29,809
27,324
30, 130

26, 358
40, 946
53, 140
66, 170

154, 768
240, 311
454, 600
832, 632

42, 117
23,106
26, 333
121, 152

September..
October
November. .
December...

5,378
5,390
5,393
5,267

702
693
752
783

1,040
1,157
1,287
1,034

997
1,330
993
1,545

570 1,655
809
667
544
882
993
673

.173
.178
.181
.181

9,754
10, 512
9,417
9,264

194, 681
209,701
224, 717
240, 738

.325
.310
.310
.310

6,388
5,450
6,636
14, 164

3,724
15, 326
33, 805
48, 268

.1163
.1125
.1055
.1050

24,284
27,129
23, 236

71, 352 1, 113, 495
73, 410 810, 723
77, 677
504,854
78,095

168, 963
253,265
145, 725
170, 690

_

1939
January
February
March
_.
April
May
June _
1
Data on coffee, except imports and prices, from the New York Co_ffee and Sugar Exchange, Inc. Brazilian figures cover the ports of Rio, Santos, Bahia, Victoria, Pernambuco, and Paranagua, Victoria being added in 1925 and Pernambuco and Paranagua at the end of 1927, tftese two ports being of small importance in coffee movement
prior to those dates. The world visible supply consists of stocks in Europe, United States, Brazil, and afloat, all of which are shown separately in the Exchange's monthly
report. Monthly data from 1913 appeared in the April, 1928, issue (No. 80), p. 23, the addition of Pernambuco figures since publication of that issue making slight revision
beginning
with July, 1927.
2
Imports of coffee, tea, and cocoa from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports of coffee have been reduced to bags from original data in pounds, taking 132 pounds to the bag.
3 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices in the New York wholesale markets, except that prior
to 1918 the prices are averages of quotations on the first day of the month.
* 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
Shipments of cocoa compiled by the New York Cocoa Exchange. Shipments represent the amount of raw cocoa shipped from the Gold Coast and Nigeria, Africa.
Spot6 price compiled by George C. Lee Co., New York, and represents the average monthly spot price of Accra cocoa in New York.
Cold-storage holdings of fish at principal warehouses, compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics, and are given as the 15th
of each
month. Monthly data from 1916 appeared in the July, 1928, issue (No. 83), p. 19.
7
Fish catch, representing landings of fresh fish from vessels at Boston and Gloucester, Mass., Portland, Me., and Seattle, Wash., compiled by 17. /S. Department of
Commerce,
Bureau of Fisheries. Details by ports are given in monthly statements.
8
Shipments of canned salmon from Puget Sound, Astoria, Portland, Oreg. (except small rail shipments), San Francisco, and in bond through Prince Rupert, B. C.,
representing
practically complete pack of United States, including Alaska, reported by Pacific Canned Fish Brokers' Association, in cases of 48 one-pound cans to case.
9
Canadian exports of canned salmon from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures represent monthly averages for the Canadian10fiscal year ending Mar. 31 of the year indicated.
Excluding Portland and Seattle.
11
12
13
7 months' average, January to July, inclusive.
6 months' average, July to December, inclusive.
3 months' average, October to December, inclusive.




99
Table 78.—TOBACCO
MANUFACTURED PRODUCTS

UNMANUFACTURED
Wholesale
price •

Stocks *
(quarterly)

Sales,
Production loose-leaf
Exports, Chewing,
(crop
ware- 2 leaf 3 smoking,
estimate)i houses
snuff, and
export
types

YEAR AND MONTH

31,417
37,031
28,941

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.
1923 monthly average

1, 439, 071
1, 465, 481.
1, 582, 225
1, 069, 693
1, 246, 837
1, 515, 110

1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average .
1928 monthly average _ _

1, 251, 343
1, 376, 628
1, 297, 889
1, 211, 909
1, 373, 501

80, 411
68, 164

May
June
July
August

40, 740
33, 485

1, 009, 114
1, 137, 762

2,180
236
72
66, 810

September
October
November
December ._.

1, 168, 413
1, 168, 900
1, 190, 357
1, 211, 909

136, 824
162, 386
161, 793
116, 822

38, 692
47, 527
54, 729
47, 885

135, 470

42,958

61,235
8,325

41, 624
46, 938

587

42,007
39,681
30,796

57, 509

36, 139
40, 330
20, 989
33, 902
82, 149

64,723

65,280

39, 992

74, 254
41, 601
42, 028

43,563

40,344
52, 398

65,118

36, 821
41, 446
47, 950
39, 791

40,588
42,656

Exports >

Leaf

Cigar
types

ManuTotal, average, factured
including Kentobacco
imported tucky
and
types
waresnuff

Large
cigars

Small
cigarettes

Cigarettes

house

Dolls, Thous. of
per cwt. pounds

Thousands of pounds
1909-1913 monthly average
1913 monthly average.
1914 monthly average
1915 monthly average
1916 monthly average.
1917 monthly average..

Consumption 6
(tax-paid withdrawals)

810, 469
835, 462
915, 452
821, 564
923, 240

369, 802
344, 971
361, 114

$6,949
10.300
16. 793

36,990
36, 745
36, 863
38, 847
40, 248

630, 959
597, 849
549, 932

1, 337, 747
1, 402, 525
1, 440, 507
1, 650, 022
1, 587, 422
1, 689, 639

23. 014
22. 102
14.595
11. 784
14.450
15. 058

41,423
35, 339
33,324
32, 208
35, 019
34, 342

587,796
589,363

1, 814, 686
1, 864, 016
1, 879, 602
1, 912, 542

14.729
13. 875
8.472
11.276
13,503

34, 415
34, 186
34, 173
32,840
32,009

6.299
7.633
8.786
15. 730

33, 420
35, 059
31, 670
35, 337

15. 594
11.331
9.812
20.220

275, 770

1, 234, 014
1, 224, 524
1,343,396
1, 165, 332
1, 250, 801

975, 427
1, 030, 642
1, 026, 109
, 227, 487
, 121, 075
, 207, 714

291, 214
303, 343
327, 185
344, 617
386, 091
404. 584

, 329, 960
, 383, 519
, 408, 152
, 459, 451

410, 435
398, 243
400, 273
357, 550

286,007

Thousands

48, 654

586,844
629,991

661, 418

563,218
574, 383

583,241
554, 867

541,729
549, 077
547, 615

537,806

1, 296, 308
1, 404, 636
1, 497, 029
2, 107, 525
2, 944, 272

193, 233

200,602
173, 015

354,889
584, 977

3, 888, 075
4, 426, 649
3, 720, 072
4, 240, 181
4, 463, 752
5, 370, 890

1, 012, 128
1, 350, 981
1, 319, 489
711, 973
955, 848
1, 021, 044

5, 917, 368
6, 663, 134
7, 453, 926
8, 098, 050
8, 826, 330

874, 657
678, 803
794, 945
591, 087
975, 509

1927
1, 371, 003

372, 758

1, 844, 462

28,418
28, 728

1,376,271
1, 519, 935

335, 198

300, 543

1, 806, 747

1, 922, 743

540, 874
576, 528
604, 870

8, 538, 988
8, 736, 464
8, 277, 052
9, 328, 055

34, 673
33,992
31,553
26,685

639, 359

8, 994, 416

688,921
654,165

8,552,397

393, 007

6,870,462

23.227
19.294
12.467
12. 735

33,002
32,310
33,582
30, 602

413, 532
453, 605

8, 369, 087
7, 531, 914
8, 470, 466
7, 511, 408

1, 147, 089

11.643
6.492
9.069
11. 580

33,042
33, 801
30, 155
34, 981

541,501
601, 877

8, 891, 803
9, 690, 961
9, 723, 647
10, 627, 344

781, 118
1, 032, 268
1, 078, 362
860, 791

7.871
12. 077
9.896
25, 691

31, 789
35, 333
30,146
25, 369

586, 267
723, 318
630, 531
411, 910

9, 126, 271
9, 921, 537
8, 536, 426
7, 515, 101

961, 827
956, 846
1, 114, 381
1, 109, 392

561,199

8, 093, 752

893, 152

809,523
479, 166
365, 448
371, 168
672, 015
548, 984
364, 467

1928
January
February
March .
April....

May
June
July
August

1, 311, 824
1, 357, 712

154
144
227
70, 579

September
October.
November.
December..

1, 371, 782
1, 353, 258
1, 346, 566
1, 373, 501

133, 718
122, 627
142, 034
142, 869

1, 504, 918

1, 280, 764

383, 943

346, 500

1, 998, 145

1, 731, 635

20, 252
26, 833

88,509
78, 170
68, 566

1, 275, 639

308, 707

1, 682, 000

497,904
459, 022

575, 996

558,206

962, 574
836, 921

864,541

1939
January
February
March
April

May
June

_.

_

i 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

North Carolina, South Carolina, and Virginia, which States grow about 75 per cent of the total tobacco crop. Sales from Kentucky were not available for the first six months
of 1919, so that the year's figure is partly estimated by estimating the Kentucky figures for the first half year as equal to the sum of the sales in the other reporting States,
which is approximately the normal proportion of Kentucky sales to the total.
34 Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
Stocks of leaf tobacco held by manufacturers and dealers compiled by the U. S. Department of Commerce, Bureau of the Census. During the years 1913, 1914,1915,
and 1916 the data were collected semiannually in March and September, the quarterly collection commencing with December, 1916. Therefore the average for the years
19138through 1915 are semiannual, while for 1916 three quarters are averaged, and thereafter four quarters.
Compiled by the U. S. Department ol Labor, Bureau ol Labor Statistics, representing average sales of leaf tobacco from all Kentucky warehouses.
6
Figures of consumption of tobacco products from U. S. Treasury Department, Bureau ol Internal Revenue, represent withdrawals from bonded warehouses upon payof tax for domestic consumption. The figures for manufactured tobacco and snuff comprise plug, twist, fine-cut, and smoking tobacco and snuff. Figures for cigars
Digitized forment
FRASER
are
those for large cigars, weighing over 3 pounds per thousand, while for cigarettes, small cigarettes are taken, weighing 3 pounds per thousand or less; in both cases the
series taken represent over 90 per cent of the totals for each class.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

100

SHIP
CLEARANCES 1

VESSEL
LOSSES 2
(quarterly)

Completed
during
month 3

Vessels in foreign
trade
YEAR AND
MONTH

Lost
Amer- Foreign
ican

Abandoned
Total

Total

Thousands8 of net
tons
1913
1914
1915
1916
1917
1918
1919
1920

mo. av_ 1,250
mo. av. 1,000
mo. av. 1,340
mo. av. 1,537
mo. av. 1,666
mo. av. 1,563
mo. av. 2,083
mo. av. 2,836

3,333
3,017
2,826
2,895
2,467
2,184
2,189
2,816

4,483
4,017
4, 166
4,433
4,133
3,748
4,271
5,653

1921
1922
1923
1924
1925
1926
1927
1928

mo. av.
mo. av.
mo. av.
mo. av.
mo. av.
mo. av.
mo. av.
mo. av.

2,507
2,639
2,329
2, 503
2,329
2,378
2,483
2,650

2,704
2,756
3,228
3,232
3, 525
4,209
3,804
3,994

5,211
5,395
5,556
5,735
5,854
6,587
6, 287
6,644

1927
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

1928
January
February. _
March.
April

1,865
1, 877
1,895
2,090

3,298
3,158
3,686
3,447

5,163
5,035
5; 581
5, 537

May
June
July
August

2; 837
2,847
3, 056
3, 173

3,159
4, 524
4,725
5,204

5,996
7,371
7,781
8,377

September.
October
November .
December

2,912
3,252
3,612
2,388

4,453
4,554
4,152
3, 568

7,365
7,806
7,764
5,956

SHIP CONSTRUCTION

Steel
seagoing

10, 895
13, 495
19, 772
13, 512
11,452
9,596
6,910
8,556

48,291 15, 272
28,842 34, 173
31, 216 171,683
31, 772 168, 445
21,527 35, 845
23,051 86,228
25,862 80, 183

16, 146

26,593

21,674

16, 442

28, 594

15, 976

30,709 148, 017

40,563

22, 594

World (quarterly) *

Under conMerchant Launched struction,
end of
vessels
month
Thous. No. of Thous. No. of Thous.
of gross ships of gross ships of gross
tons s
tons &
tons s

Gross tons 8

31, 075
38,378
44, 398
32,960
66, 781
101, 420
42,411
62, 090

Under
construction s

18, 836
46, 225
86, 192
226, 773
354, 845
238, 394

28,846
26, 354
9,548
27, 094
50, 895
155, 110
294, 849
208, 557

115, 569
28,246
24,099
17, 507
17, 595
19,006
29, 946
13, 661

102, 157
13, 239
9,774
10,854
11,068
13, 574
23,109
8,188

546
231
197
173
186
259
241

40, 030
56, 075
25, 184
24, 352

31, 661
48, 174
19, 141
21, 145

235
219
219
216

31, 510
9, 290
26, 657
35, 867

23, 303
3,364
22, 554
30, 742

216
241
194
204

9,294
20, 787
12,990
9,880

2,888
15, 218
5,907
1,488

214
207
232
252

18,428
10, 719
25, 523
12, 537

12,604
4,458
21, 450
2,245

259
264
256
235

27,833
7,148
4,913
3,880

24, 483
4,318
1,382
1,812

242
260
169

1,236

1,188

757
745
625
497
668

2,556
2,546
2,261
1,941
2,901
2,673

United States
citizens 5

.384
272

22, 859
24, 470
13, 387
5,810
5,638
6,718
21, 810
21,810

24, 600
23,238
10, 161
11,208
8,187
6,564
10, 839
17, 038

30, 069
24,580
8,954
10, 321
14, 161
27, 909
12, 247
21, 102

1,954
1,693
1,093
1,927
3,135
4,735
8,163
13, 374

160
114
108
106
99
102
107

46, 992
31, 764
62, 587
29, 564
24, 227
28,025
26,990

20, 498
9,664
5,884
7,510
6,807
6,098
5,844

19, 272
24,296
23, 020
26, 839
30, 550
31, 515
34, 374

23, 340
24,209
21, 728
25, 137
28,569
30, 645
33, 832

11,474
11,463
10, 521
12, 198
14, 342
14, 669
15, 203
15, 775

31, 819
24, 000
23,420
28, 418

6,148
3,133
9,230
6,322

26, 238
25, 736
29, 935
57, 701

28, 849
51, 379
65,686
43, 039

32, 863
27, 813
14, 831
10, 269

31,000
31, 719
27, 758
22, 350

7,625
6,402
5,871
9,085

75, 557
50, 254
24, 325
18, 922

39, 748
24, 396
22, 612
25 209

8,474
8,063
8,596
8,387

18, 146
20, 888
26, 270
30, 709

5,323
4,708
4,931
4,515

19, 909
31,941
34, 217
32, 586

27, 126
34, 810
29, 422
29,506

8,896
8,971
17,334
27, 098

26, 158
20, 419
20, 682
24, 629

6,240
7,205
7,804
6,488

28, 407
27, 201
32, 974
63, 191

34,993
53, 028
68, 463
50, 323

37,648
29,674
15, 776
9, 866

29, 317
29, 917
24, 805

8,093
7,479
6, 549

80, 233
49,831
23, 198

42, 105
34, 643
22, 380

8,056
8,494
9,441
8,051

578

671

2,841

107

190

535

663

3,074

104

223

823

693

3,119

103

188

654

667

2,893

93

229

662

650

2,660

92

228

811

587

2,521

97

2,618

Aliens «

115, 610
57, 375
21, 557
29, 647
12, 747
9,660
20,613
59, 047

196

502

IMMIGRATION AND EMIGRATION

Passports
Charissued 6
ter
ImmiDeparEmirates
Arrivals tures
world grants grants
routes
(7)
Rel. to
Number
1911-13
Number of people
av.
100

438
833
330
713
186
300
241
422
278
735
467 1,362
621 1,786
440 1,466
344 1,085
617
213
163
410
218
505
541
201
409
140
182
556
657

FREIGHT
RATES

Table 79.—OCEAN TRANSPORTATION

1929
January
February.
March
April
May
June
-

12 Tonnage of vessels cleared in foreign trade from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
Vessels lost and abandoned, representing all classes of American vessels, from U. S. Department of Commerce, Bureau of Navigation, given for quarter ending in month
stated, yearly figures representing quarterly averages. Scrapped vessels are included under abandoned vessels.
s From the U. S. Department of Commerce, Bureau of Navigation. The total completed includes ocean-going, lake, and river vessels built and officially numbered,
including vessels of the U. S. Shipping Board and private American owners, but not vessels built for foreign owners. The column on merchant vessels under construction
includes all kinds of ships except Government vessels building or under construction at the end of the month. Monthly data from 1915 given in the January, 1924, issue
of the SURVEY (No. 29), p. 49.
* Quarterly data on world ship construction compiled by Lloyds', covering all vessels of 100 tons and over; from 1914 to 1921 figures for Germany are not included.
• Compiled by U. S. Department of Labor, Bureau of Immigration. Aliens admitted and departed include legal immigration and emigration but not nonimmigrants.
« Compiled by U. S. Department of State, Division of Passport Control and excludes passports issued to Government officials.
i Compiled by U". S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering -six tramp-ship commodities over 12 world-wide trade routes.
8 Net ton represents 100 cubic feet internal carrying capacity after prescribed allowance for crew and engine space, while gross ton represents in units of 100 cubic feet
the entire cubical capacity of the vessel, including crew and engine space.



101

Table 80.—RIVER AND CANAL CARGO TRAFFIC
RIVEBS

CANALS
Panama *

In
AmerTotal ican
vessels

YEAR AND
MONTH

New
In Sault
York Cape
Ste. 2 State
Cod <
Brit- Marie
ish
(3)
vessels

Thousands of long
tons
1913 mo. av
1914 mo av
1915 mo. av
1916 mo. av
19l7 mo. av
1918 mo. av
1919 mo. av
1920 mo. av

.

WeiSuez e land
6

St.
Lawrence 6

Ohio by districts 10
(quarterly)
Ohio
Missis(Pittssippi
(Govt.- Monon- Alle- burgh
Cinowned gahela & gheny fl to
Pitts- Hunting- cin- LouisWheel- Total burgh
barges)
ing) s
ton nati ville

Thousands of
short tons

Short Thous.
met.
tons oftons

9,965
6,921
8,911
11, 486
11, 227
10, 710
8,529
9,910

372
297
265
232
185
166
177
203

134, 107
99, 411
153, 140
216, 402 1,164
158, 600 1, 421

370, 105

388, 429

8,731
13, 392

208 114, 406 1,459
264 103, 226 1,780
312 115, 788 1,898
254 70, 242 2,122
335 50, 733 2,215
339 65, 110 2,117
369 68, 762 2,467
114, 455

422, 208
464, 809
531, 260
682, 534
805, 133
744, 931
821, 307
825, 957

518, 795
597, 653
641, 944
759, 067
851, 407
874, 814
989, 119
934, 616

36, 939
49, 841
59, 203
70, 792
75, 896
87, 054
111, 381
119, 593

1, 144, 652
1, 787, 388
1, 733, 135
1, 840, 193
2, 039, 110
2, 041, 081
2, 174, 763

247, 189
270, 053
252, 667
292, 871
209, 100
295, 570
239, 458

298, 766
538, 380
523, 497
588, 130
776,813
8Q1,845
847, 918

421,
444,
338,
176,

988,
894,
823,
685,

Thousands of short tons

Short tons

407
258
588
628
576
781

182
71
123
175
230
379

183
131
283
218
156
236

962
1, 143
2,096
2, 158
1,975
2,299
2, 425

432
546
1,327
1,222
1,056
1,238
1,279

310
338
447
529
498
553
565

6, 032
8,259
11, 203
9,140
10, 234
10, 960
10, 419
10, 874

"DecpTrihar

2,398
2,718
2, 489
2,574

1,257
1,396
1,113
1,099

594
714
743
762

357 67,899
10, 791
11,231
381 89, 029
6,898
327 102, 153
1,169 None. 98, 429

2,389 1, 090, 647 1, 178, 199
2,402 1, 130, 277 1, 198, 952
853, 845 908, 199
2,546
2,504
53, 883
53, 793

89, 396
104, 923
114, 541
114, 063

2, 181, 251
2, 132, 076
2, 020, 004
1, 965, 934

1928
January
February.
MarchApril

2,372
2,660
2,429
2,474

1,019
1,121
1,101
1,154

698
872
682
716

None. None. 73, 093
None. None. 30, 575
None. None. 63, 371
124 105, 857
None.

2,647
2,439
2,891
2,991

None.
None.
None.
52, 469

None.
None.
None.
56, 931

105,521
125, 328
104, 535
112, 960

2, 327, 246 81, 585
2, 056, 247 80, 245
2, 103, 877 118, 900
1, 764, 311 238, 970

May
June
July
August

2, 490
2,140
2,292
2,425

1, 162
1, 097
1,212
1,103

726
537
535
707

9,298
12, 633
13, 247
13, 680

409 110, 136
400 120, 261
414 135, 702
517 148, 691

2,701
997, 484
2,538 1, 031, 051
2,758 1, 006, 713
2, 602 1, 113, 601

1, 038, 485
1, 143, 735
1, 225, 338
1, 359, 561

117, 929
90, 658
112, 248
113, 903

2, 215, 732
2, 109, 892
2, 095, 606
2, 304, 619

344, 578
225, 960
306, 010
346, 670

954, 357
931, 641
947, 227
1,034,775

September
October
November
December

2, 313
2,582
2,502

1,140
1, 195
1,145

602
679
691

12, 812
13, 603
10, 458
1,262

411 130, 566 2,634 996, 833 1, 150, 058
536 160, 903 2,622 1, 115, 190 1, 270, 051
328 140, 464 2,749 1, 008, 483 1, 082, 545
153, 838
109, 793
84, 838

148, 377
120, 444
148, 218
135, 000

2, 305, 681
2, 396, 557
2, 302, 719
2, 114, 167

288, 629
377, 744
302, 344
161, 860

963, 766 5, 673
1,010,860
940, 397
764,893

1921 mo. av
1922 mo. av
1923 mo av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
1928 mo. av

1927
September
October.
November

985
358
975
540

412
938
910
546

517, 488
656, 435
680, 548
772, 624

3,844
4,939
4,962

772
1,912 1,116 134
2,476 1,265 138 1,060
2,397 1,321 150 1,094

6,272

2,931 1,699 218 1,424

4,945

2,385 1,281 139

1,140

3,585

1,845 1,041

107

592

6,427

2,642 1,397 116 1,272

2, 932

1,423

139

1,178

1929
January
February
March...
April
May.
June.

12 Panama Canal traffic, reported by the Panama Canal, represents cargo carried by commercial vessels. Figures prior to 1922 refer to fiscal years ending June 30.
Traffic through the Sault Ste. Marie canals, including both the American and Canadian canals, reported by U. S. War Department, Engineer Corps, Monthly aver9), pp. 48 and 49.
—
—-—o— - - - - .
—-—
-. — —...
—£."•
~.~.,~ ~j -. i~^v.~ ,, v, ,w. -L^^V,V*»/ v .T v, VJ-U.J. \_tu \ji V.U.1.U uictJic goes through the Erie Canal and one~
third through the Champlam Canal. Monthly averages for each year are for the seven months during which the canals are usually open.
* Compiled by the Boston, Cape Cod & New York Canal Co. through March, 1928, when the Federal Government took over the canal. Thereafter figures are from the
U. 8. War Department, Engineer Corps. The average for 1916 is an average of nine months of operation. Monthly data from 1920 on ship tonnage (not comparable with
present figures) appeared in the September, 1923, issue (No. 25), pp. 55 and 56.
- - . * . . .
*
& v
P
m
8 Suez Canal traffic from Le Canal de Suez.

line traffic, appeared in July, 1922, issue (No. 11), p. 45.
™ « Compiled
by th£ u- & War Department, Engineer Corps, represent total cargo traffic on the Ohio River between Pittsburgh and Lock and Dam 11, located between
, * oJ^IL 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, P£.), 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
m 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
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
Digitized forbeing
FRASER
quarters of 1926 being partly estimated. The annual figures are quarterly averages


102

Table 81.—RAILWAY, PULLMAN, AND EXPRESS OPERATIONS
VISITORS TO EXPRESS
PULLMAN
NET
OPERATING, RESULTS *
TOTAL NET
NAT. PARKS <» EARNINGS 7
C0.«
OPER- OPER- OPERATING ATING ATING
CanREV.3 Freight carried ReEXP.1
INC.a
Total OperPasUnited States 1
Imile
ada 3
Auto- oper- atTotal Pasceipts sensenPerYEAR AND
moating ing
revegers
per
Total
MONTH
sons
gers
Total
biles
reve- inCan- United Can- ton- carried nue carried
operat- Freight PassenoperatUnited States
ada
3
Imile
mile
ada
nue come
States
ger
ing
ing
REVENUES

Thousands of dollars

1913 m. a_
1914 m. a_
1915 m. a_
1916 m. a.
1917 m. a_
1918 m.a.
1919 m. a.
1920 m. a.
1921 m. a.
1922 m. a.
1923 m. a.

$255, 139 $176, 916 $57, 548
241, 608 165, 943 54,230
256, 630
178, 804 53, 798
302, 104 214, 784 58, 980
337, 539 236, 177
68,935
410, 549 288,183 86, 056

Millions of tons

Cents

lions

Mil-

Thous. Thouof dolls. sands

0.719
.723
.722
.707
.715
.849

2,823
2,881
3,649
2,882
3,290
3,556

$3, 445
3,284
3,483
3,684
4,311
4,164

2,072
2,182
2, t)21
2,326
2,691
2,397

$181, 732
173, 916
171, 926
198, 031
238, 184
334, 767

$59, 900
53, 451
70, 002
87, 265
81, 232
57, 759

$6,224
5,342
4,343
6,915
7,323
4,689

34, 939
36, 410

1,919
1,839
1,472
2,350
2.599
2,586

98, 334
107, 285
96, 172
89, 686
95, 636 $37, 199

368,287
485, 861
383, 651
371, 397
412,081

43,034
4,846
51, 329
64,748
81,911

2,651
420
3,034
3,896
4,138

33,034
37,445
28, 731
31, 320
38, 133

2,246
2,605
2,199
2,202
2,602

.973
1.052
1.275
1.182
1.115

3,863
3,904
3,111
2,877
3,167

5,756
6,012
5,370
5,465
6,048

3,112
3,271
2,600
2,646
2,854

Number

No. of
cars

Thousands of
dollars

68,887
74, 966
81, 812
113,062

7,230
9,548
10,025
12, 452

$12, 613 $2,092
16,306 3,615
260
15,640
116
13,006
13,441
105

432,005
518,785
464,429
468,291
529, 118

296, 410
360, 304
327, 328
334,076
385, 465

1924 m. a. 498, 963
1925 m. a. 515, 553
1926 m. a_ 538, 619
1927 m. a. 517, 075
1928 m. a.

362, 412
379, 424
401, 610
387, 214

89, 724
87, 994
86, 993
81, 361

39,844
35, 967
38, 315
41, 222

379, 970
381, 946
393, 940
385, 454

82, 229
94,987
102, 698
90, 345

5,829
5,280
7,583
8,677

35,803
38, 010
40, 725
39,555

2,862
2,454
2,715
2,887

1.115
1.097
1.082
1.080

3,010
2,996
2,958
2,797

6,063
6,683
6,820
6,746

2,841
2,961
3,006
2,933

132, 874 16,002
138,910 16, 766
147, 851 26, 030
164, 697 31, 125
171, 652 32,334

12,909
12, 829
12,873
12, 756

91
101
99
93

1937
May
June
July
Aug

519, 572
517,029
509, 681
557, 774

391, 299
381, 975
370, 112
415, 347

78, 580
85,956
91, 657
91, 704

39, 246
39,246
40, 447
42,926

391, 552
388, 025
383, 912
393, 559

86, 012
87,364
85, 138
118,802

5,442
3,590
5,292
8,330

40, 113
38,483
38, 369
41, 984

2,456
2,157
2,186
2,134

1.079
1.095
1.072
1.086

2,723
3,025
3,346
3,327

6,419
7,129
7,379
7,528

2,780
3,096
3,234
3,428

140, 716 28, 477
263, 268 54, 821
542, 544 113, 626
492, 016 98, 449

12, 671
12,648
12, 441
12, 486

87
91
70
83

Sept
Oct
Nov
Dec

565, 469
581, 006
504, 314
467, 598

426, 937
452, 993
386,600
334, 742

86, 319
75, 219
70,917
81,990

42, 779
49, 295
49, 603
44,435

386, 607
399, 841
377, 167
377, 800

133, 094
134, 040
86,708
55, 334

9,726
15, 022
14,098
7,384

42, 959
45, 537
37, 250
34, 580

2,454
4,238
4,786
3,836

1.092
1.086
1.122
1.064

3,066
2,612
2,416
2,711

7,625
6,494
5,915
6,411

3,288
2,851
2,606
2,831

199, 336 29, 089
50, 101 12,862
34,736 4,305
26, 939 3,925

13,025
12, 958
12, 822
13, 176

115
130
120
34

1938
Jan
. 457, 426
456, 593
Feb
505, 185
Mar._
474, 310
Apr_ _

337,382
346,024
387, 739
355, 965

78,483
69, 551
70, 466
70,951

37, 702
38,513
42,495
39,243

363,384
348, 498
373, 305
363, 381

56,634
70, 064
90,774
70,548

4,255
6,541
9,221
5,878

36,271
35, 701
39, 467
35, 866

3,227
3,013
2,923
2,358

1.043
1.074
1.093
1.105

2,627
2,362
2,376
2,418

6,963
6,393
6,131
6,515

2,886
2,563
2,625
2,713

50,591
57,950
57, 732
71, 679

6,679
6,658
3,194
12,426

11,911
11, 913
12,409
12, 144

81
102
102
87

510, 714
502, 474
512, 953
557, 856

391, 116
370,268
381, 576
421, 007

70, 302
81,708
82,722
85,102

43,655
43, 341
45, 198
48,203

381, 836
375, 086
375, 490
383, 908

88,183
85,997
95, 226
128, 414

6,779
5,174
7,146
11, 073

39, 250
37,304
39,196
42,406

3,047
2,659
2,596
2,435

1.095
1.094
1.077
1.090

2,464
2,926
3,076
3,132

6,313
7,432
7,279
7,593

2,614
3,095
3,073
3,312

125, 102
271, 621
553, 394
499, 633

23,341
60,324
111, 642
98,523

12,464
12, 302
12, 112
12, 164

81
77
101
90

556,044
617,782
531,219

423S347
492, 275
415, 124

80,098
69,564
65,156

50,879

375, 646
401, 160
374, 154

134, 513
166, 315
113,695

13,265

43,778
48,206
41,965

3,870

1.067

2,881

7,297
6,650
5,751

3,081
2,738
2,466

222,698
68,997
39, 517
40,910

44, 873
10, 466
4,875
5,001

12,473

120

May
June
July
Aug
Sept
Oct
Nov
Dec

.

1939
Jan
Feb
Mar
Apr
May

i Data from the Interstate Commerce Commission, covering Class I railroads, those having annual operating revenues in excess of $1,000,000, which comprise 193 railroads
with8 about 98 per cent of the total operating revenues of all railroads.
Net railway operating income, from the Interstate Commerce Commission reports on Class I railroads, includes net operating revenue (equal to the difference between
total operating revenue and total operating expenses), from which there have been deducted railway tax accruals, uncollectible railway revenues, equipment, and joint
facility
rents.
3
Annual figures, from Department of Trade and Commerce, cover all railroads in Canada, averaged for the fiscal year ending March 31 of the year indicated; monthly
reports cover all railroads with annual operating revenues of $500,000 or over, which includes 98 per cent of the total revenues of all roads. Monthly data from 1920 on net
operating revenue and on freight carried appeared in July, 1922, issue (No. 11), p. 45.
* Data on the United States from the Bureau of Railway Economics, except tons per mile for 1915 and 1916, from Interstate Commerce Commission. Monthly data on tonmile operations from 1916 appeared in December, 1923, issue (No. 28), p. 52.
« Pullman passenger traffic furnished by The Pullman Company; revenues from its reports to the Interstate Commerce Commission.
6
Visitors to national parks from U. S. Department of Interior as reported by superintendents of the following 15 parks: Grand Canyon and Casa Grande, Ariz, (the latter
a monument rather than a park); Hot Springs, Ark.; General Grant, Sequoia, and Yosemite, Calif.; Kocky Mountain, Colo.; Glacier, Mont.; Platt, Okla.; Crater Lake,
Oreg.; Wind Cave, S. Dak.; Zion, Utah; Mount Kainier, Wash.; Yellowstone, Wyo.; and Mount McKinley, Alaska. Vehicles are not reported by Platt, Hot Springs,
Wind
Cave, and Mount McKinley. The largest attendance of visitors is shown at Platt Park. Monthly data from 1920 appeared in December, 1923, issue (No. 28), p. 56.
7
Reports to the Interstate Commerce Commission of the American Railway Express Co., to which are added reports of the Southeastern Express Co. from the time of its
organization in May, 1921, thus presenting practically complete reports of the express business on railroads. Operating income includes net operating revenues (equal to
the difference between total operating revenues and operating expenses) from which have been deducted noncollectible revenue from transportation and express taxes.




103

Total owned

Number

1919 monthly
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
1928 monthly

av.
av.
av.
av.
av. 7 64, 757
av. 64,962
av. 64,371
av. 63, 171
av. 61, 778
av.
59,927

1927
January.. _
February __
March
April
May
June
July
August. _.

62,387
62,334
62, 275

62,238
62, 172

_.

61, 765

61,540

September
October
November.
December

61, 455
61, 305

61,088
60,784

1928
January
February
March
April
May
June
July
August
September..
October. _
November
December

61,931

60, 679
60, 598

60,471
60, 373

__

60,284
60,095
59, 975
59, 769

59,600
59, 371

59,097
58,809

In bad order

Tractive
power Number
(mills,
oflbs.)

NEW ORDERS '

YEAR AND
MONTH

RETIRED i

ON RAILROAD LINES i
(end of month)

INSTALLED 1

UNFILLED ORDERS
SHIPMENTS BY
MANUFACTURERS 3

Total

Reported by
manufacturers *

7265

7230

187
144
200
163
116

179
250
298
298
278

8,915

14.9
15.4
15.1
14.5

145
160
142
187

210
214
201
223

26
85
70
27

57
80
137
98

16
69
84
72

8
10
11
23

412
403
392
334

334
314
301
255

2,616
2,611
2,609
2,603

9,030
8,759
8,535
8,502

14.7
14.3
14.0
13.9

148
258
155
104

213
500
331
329

184
38
26
20

109
89
60
81

77
63
35
71

15
18
18
6

434
400
399
363

2,605
2,606
2,602
2,595

8,345
8,778
8,257

13.6
14.4
14.8
13.6

177
195
149
135

262
345
366
378

6
8
17
149

127
112
52
72

86
81
31
41

7
12
7
13

2,597
2,596
2,596
2,595

8,733
8,857
8,287
8,563

14.5
14.7
13.7
14.3

154
141
140
96

259
222
267
194

2
30
15
33

47
59
70
46

22
43
44
38

2,595
2,591
2,590
2,585

8,421

7,954

14.1
13.4
14.0
13.4

139
95
116
114

228
284
235
320

52
7
32
70

41
51
46
34

29
39
19
23

2,582
2,578
2,571
2,563

7,815
8,177
4,671
7,931

13.2
13.9
15.1
13.6

93
102
68
132

260
331
313
420

8
4
41
59

41
36
35
44

12,204
2,572
2,592
2,602
2,608
2,587

11, 195
10, 819
9,318

2,611
2,611
2,613
2,614

9,256
9,548
9,334

8,852
7,977

8,961

8,006
8,310

§

SHIPMENTS,
ELECTRIC
LOCOMOTIVES 5

(quarterly)

Mining

Industrial

Number of locomotives

18
166
20
217
165
118
83
100
55
29

5, 559
17, 026

Reported by
railroads *

Domestic
Domestic
In
In
Total
R.R. mfg.
Elec- shops
Steam
Steam Elecplants
tric
tric

Per
ct. of
total
in use

23.8
825.3
23.9
28.4
19.0
17.4
16.9
14.9
14.4
14.0

(end of month)

EXPORTS *

Table 82.—LOCOMOTIVES

813

»846

40
59
77
34
23

351
236
430
164
104

80
143
84
31
22
27
30
23
19
17

23
29
55
42

56
44
34
30

262
232
210
187

41
9
47
15

380
333
299
244

34
31
57
68

40
37
36
36

251
200
173
171

10
22
16
11

271
182
145
232

167
97
74
178

49
45
42
39

32
27
18
13

102
53
51
80

8
19
5
25

23
11
15
6

222
204
178
188

161
146
123
129

38
40
57
41

22
23
20
25

151
148
117
112

13
6
26
16

10
11
5
4

220
201
198
204

138
109
98
135

39
37
59
26

30
30
17
19

83
90
56
81

5
15
32
20

28
2
26 None.
20
1
36
4

178
170
152
282

118
113
104
238

27
29
31
27

15
17
26
35

98
104
97
112

33
8
21
4

224
130
117
281
129
101
146
90
46

110
69
88
248
109
63
113
61
31

26
18
11
17
8
12
15
12
8

1,447
367
892
1,636
499
467
583
331
200

894
206
787
1,488
386
335
461
250
134

122
57
40
85
61
46
38
43
38

» 318
9143
»172
«218
203

» 15
»23
»16
»18

18

272

11

209

24

177

16

154

19

123

10

98

121

13

20

1929
January
February
March
April
May
June
1
Locomotives owned, retired, and building, and in bad order, both passenger and freight, on Class I railroads, from American Railway Association, Car Service Division
Data2 for 1919 on bad-order locomotives from U. S. Railroad Administration.
Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing
during the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating the 1924 data was 91 per cent.
3 Reported direct to the U. S. Department of Commerce, Bureau of the Census, by principal locomotive manufacturing companies, exclusive of railroads making locomotives in their own shops. Both steam and electric railroad locomotives are included in these data, the totals including foreign as well as domestic business. Monthly
data from 1920 showing both shipments and unfilled orders for domestic and foreign business classified between steam and electric, appeared in the May, 1926, issue (No.
57), p. 25.
* Data from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1922 appeared in April, 1925, issue (No. 44), pp. 27
and 28 and annual averages prior to 1919 in the August, 1927, issue (No. 72), p. 99.
5 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,
o 10 months' average, March to December, inclusive.
7 8 months' average, May to December, inclusive.
8
4 months' average, September to December, inclusive.
• Quarterly average.




104
Table 83.—FREIGHT-CAR MOVEMENT
|

SHORT AGE i

SUBPLUS i
YEAR AND
MONTH

Box
cars

Coal
cars

Total
cars3

Box
cars

Coal
cars

LOADINGS a

Total3

cars

Grain
and
grain
products

Livestock

Coal
and
coke

Forest
products

Ore

Merchandise and
1. c. 1.

Miscellaneous

Total

Number of cars

75, 605
1,981
154, 499
90, 897
23, 367
110, 572
96,843
61, 656
85, 194
107, 397

23, 592
68, 680
189, 396
24, 194
339, 026
164, 500
69, 659
229, 908
241,289
205, 915
265, 159
283, 164

65, 901
28,964
18, 991
42, 315
1,146
26, 653
10, 566
384
90
96
1

135, 233
140, 421
104, 796
88, 967

75, 253
69, 869
56,785
38, 967

257, 956
254, 807
199, 073
161, 4V8

September
October
November
December

62, 202
45, 148
98, 794
166, 532

27, 519
12, 016
12, 521
61, 181

1937
January
February
March
April

148, 742
141, 5»9
131, 844
137, 432

May
June
July
August

133, 345
147, 831
154, 437
123, 901

6,437
29, 251

1917 mo. av
1918mo. av _
1919 mo. av
1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. a v
1925 mo. av
1926 mo. av
1927 mo- av
1928 mo. av

82, 135
15, 985
127, 982
47, 675
33, 635
88, 482
103, 747
104, 770
138, 184
131, 187

1936
May
June
July.
August

4,200
25, 868
444
15, 852
13, 527
487
112
196
105
20

112, 934
52, 360
24, 174
82, 057
1,896
51, 579,
27, 873
1,046
440
334
142
35

None.
None.
172
None.

None.
48
114
None.

None.
68
404
None.

114, 730
81,011
144, 921
275, 260

403
460
25
None.

100
1,360
516
18

542
1,945
579
28

62, 588
83, 252
68, 417
90,075

259, 548
275, 153
248, 477
259, 736

2
None.
None.
8

85
85
466
1

78, 148
81, 330
76, 554
53, 204

256. 448
274, 223
273, 275
214, 985

None.
None.
None.
None.

September
October
November
December

74, 126 ' 34,805
82, 411
61, 455
158, 304
148, 860
224, 247
183, 638

135, 059
168, 829
352, 168
464, 005

1938
January
February
March
April..

182, 001
155, 554
125, 627
134,069

169, 463
168, 172
171, 481
140,091

May
June
July
August

143, 264
170, 606
137, 618
114, 355

September
October
November
December

53, 170
54,263
104, 272
199, 443

!

169, 393
153, 585
191,065
204, 397
189, 642
214, 223
192, 144
280, 280
198, 229
209, 255

142, 939
129, 452
124, 744
135, 508
147, 375
146, 087
136, 301
133, 015
128, 914
126, 699

747, 394
894, 180
691, 016
655, 962
851, 753
754, 650
798, 560
884, 598
815, 139
775, 143

247, 322
254, 861
207, 314
243, 001
312, 074
305, 594
311,402
304, 533
285,217
277, 890

161, 868
200, 853
75, 592
132, 524
195, 143
139, 881
167, 637
181, 595
157, 648
158,972

751.. 043
917, 508
9b5, 495
1, 013, 754
1, 043, 344
1, 099, 383
1, 109, 232
1, 103, 766
1,096,256

1, 375, 951
1, 069, 692
1, 243, 743
1, 441, 270
1, 440, 757
1, 567, 753
1, 614, 981
1, 614, 072
1, 653, 848

3, 716, 007
3, 486, 045
3, 759, 873
3, 276, 930
3, 600, 630
4, 151, 101
4, 044, 536
4,268,6/9
4, 424, 902
4, 302, 984
4, 298, 061

164
125
538
19

178, 988
173, 630
195, 305
148, 524

939, 677
129, 321
902, 257
110, 747
136, 276 1, 082, 226
663, 092
110,340

257, 374
275, 585
352,611
273, 757

37, 845
42, 753
54, 599
101, 893

965, 485
990, 574
1,315,174
1, 047, 971

1, 247, 970
1, 306, 372
1, 846, 356
1, 530, 012

3, 756, 660
3, 801, 918
4, 982, 547
3, 875, 589

None.
None.
None.
147

10
None.
None.
151

158, 954
201, 025
185, 907
220, 337

1 15, 383
134, 677
101, 952
112, 294

689, 313
807,071
615, 635
734, 713

284, 106
338, 451
253, 375
275, 856

239. 532
323, 708
252, 013
248, 751

1,050,276
1, 261, 929
989, 402
1, 042, 985

1, 570, 908
1, 928, 993
1, 515, 477
1, 614, 910

4, 108, 472
4, 995, 854
3, 913, 761
4, 249, 846

None.
None.
None.
None.

371
103
None.
None.

371
302
None.
25

294, 144
219, 251
182, 565
220, 112

158, 749
158, 314
134, 567
144, 347

964, 038
800, 449
713, 282
869,911

338, 165
268, 690
244, 388
260, 251

279, 483
192, 182
77, 164
41, 850

1, 310, 558
1, 078, 569
1, 014, 438
1, 177, 825

2, 142, 970
1, 747, 417
1, 456, 499
1, 460, 981

5, 488, 107
4, 464, 872
3, 822, 903
4, 175, 277

403, 792
372, 916
344, 502
320, 762

3
None.
None.
None.

None.
None.
None.
None.

4
None.
None.
None.

187, 197
187, 045
237, 266
159, 131

127, 658
130, 005
143, 383
105, 146

752, 752
726, 259
869, 335
620, 985

233, 368
270, 914
343, 780
257,316

31, 737
31, 394
42, 859
4.1, 055

927, 299
974, 382
1, 299, 322
1, 040, 999

1, 187, 712
1, 269, 695
1, 816, 086
1, 513, 663

3, 447, 723
3, 589, 694
4, 752, 031
3, 738, 295

108, 833
114, 710
90, 513
47, 615

304, 152
336, 181
271, 017
201, 864

None.
None.
None.
None.

None.
None.
32
8

None.
None.
82
8

163, 113
172, 234
207, 175
231, 181

106,860
125, 933
90, 919
98, 944

670, 821
773, 431
606, 884
686, 417

269, 769
330, 023
239, 751
266, 137

165, 201
327, 983
250, 069
253, 085

1, 046, 138
1, 260, 705
986, 115
1, 027, 132

1, 584, 156
1, 932, 995
1, 562, 018
1, 667, 913

4, 006, 058
4, 923, 304
3, 942, 931
4, 230, 809

21, 809
21, 128
75, 799
159, 147

103, 906
105, 017
222, 539
411, 320

None.
None.
None.
None.

159
44
None.
None.

279
44
None.
None.

295, 779
219, 298
209, 556
242, 080

164, 412
154, 620
133, 599
138, 908

952, 746
869, 199
832, 480
940, 402

322, 538
265, 872
260, 103
275, 108

319, 579
240, 988
151, 639
52, 069

1, 297, 461
1, 079, 167
1, 048, 664
1, 167, 683

2, 233, 769
1, 871, 652
1, 608, 987
1, 597, 528

5, 586, 284
4, 700, 796
4, 245, 028
4, 413, 778

1939
January
February
March
April
May
June

1 Data from the American Railway Association. Daily average for the last period (7 or 8 days) of the month, exclusive of Canadian roads. The association reports the
number of freight cars which are idle (surplus) and also the number of requests for cars which can not be filled (shortage). The difference between these two figures
represents the net freight-car situation for the country as a whole. The car shortages can not ordinarily be filled from the idle cars because of the uneven geographical
distribution of the latter.
2 From reports of the American Railway Association, Car Service Division. These figures are now put on a monthly basis from weekly reports, consisting of exactly four
weeks for each month prior to 1923, except in March, June, September, and December, which cover five weeks each year. From 1923 through 1925, the five-week months
are
January,
August, and October. Beginning with 1926, the five-week months are April, July, October, and December.
3 IncludesMay,
other classes than groups listed.


105
Table 84.—RAILWAY CAR SUPPLY
FREIGHT CARS
Shipments
by
mfrs.3

In railroad han.ds,
end of month l

New
orders 2

YEAR AND MONTH
In bad order

Total
Number
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928

monthly av
monthly av__
monthly av_
monthly av
monthly av
monthly av _
monthly av__
monthly av_ _
monthly av__
monthly av_ _
monthly av__

1936
May _ _
June
July
August
September
October
November
December
1927
January
February
March.
April
_
May
June
__
July
August
September
October
November
December
1928
January.
February
March
April
May
June
July___
August
September
October.
November
December...
1929
January
February...
March
April. ._
May...
June...
_

_

_

HOTELS
(4)

PASSENGER CARS

Unfilled orders,
end of month *

Do- Total
Total mestic

Ret
Capacity
(millions Number total
oflbs.)
n use

Shipments
UnIn railby infrs.3 filled
road
hands, New
orders,
or-2
end of ders
of
Do- end
In
quarTo
quarTo- mesR.R.
m f is.
ter*
ter
i
tal
tic
shops

2, 323, 087
2, 354, 955
2, 345, 482
2, 329, 170
2, 298, 333

204, 316
209, 935
211, 257
211, 784
210, 257

5.9
142, 790
168, 973
7.0
166, 779
7.3
318, 880 13.9
302, 456 13.3
185, 343
8.0
8.2
188, 012
7.9
183, 725
6.7
154, 983
138, 490
6.1
6.4
143, 511

2, 344, 955
2, 346, 990
2, 348, 524
2, 349, 305

210, 968
211, 321
211,637
211, 896

168, 498
165, 588
165, 756
161, 396

7.3
7.2
7.2
7.0

435
4,270
1,256
164

8,170
10, 009
9,287
8,357

8,130
10, 003
9,185
8,308

40, 003
34, 874
27,995
19, 819

31, 437
27, 222
21, 762
13, 816

8,566
7,652
6,233
6,003

2, 348, 956
2, 345, 447
2, 341, 841
2, 336, 225

212, 089
211, 975
211, 760
211, 407

149, 078
139, 484
137, 420
130, 146

6.5
6.1
6.0
5.7

2,564
2,891
2,732
5,831

5,606
5,311
2,433
2,656

5,560
4,388
2,376
2,450

13, 468
11, 484
11, 591
18, 481

8,118
7,046
6,975
12, 313

5,350
4,438
4,616
6,168

2, 336, 050
2, 335, 000
2, 332, 569
2, 332, 184

211, 500
211, 485
211, 483
211, 649

136,
138,
130,
135,

847
292
470
458

5.9
6.1
5.7
5.9

17, 196
4,185
5,253
3,362

3,209
3,023
4,449
5,570

3,160
3,009
4,445
5,562

27, 069
28, 426
26, 717
26, 305

17, 209
18,255
17, 395
18, 217

9,860
10, 171
9,322
8,088

2, 333, 098
2, 332, 728
2, 330, 042
2, 328, 328

211, 875
212, 001
211,917
211, 935

147, 449
141, 433
145, 590
141, 038

6.5
6.2
6.3
6.2

4,378
7,566
1,459
1,066

6,202
5,935
5,544
5,317

6,182
5,584
5,528
5,270

23,666
21, 956
18, 303
18, 096

15, 122
14, 678
12, 385
13, 545

8,544
7,278
6,918
4,541

2, 326, 616
2, 325, 027
2, 322, 179
2, 313, 375

211, 970
212, 027
211, 985
210, 923

137,
139,
137,
130,

571
441
795
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

2, 309, 577
2, 306, 816
2, 303, 688
2, 301, 602

210, 649
210, 471
210, 312
210, 234

136, 115
138, 870
139, 698
149, 869

6.0
6.2
6.2
6.7

2,098
5,876
4,029
5,683

774
444
3,332
4,567

576
444
3,281
4,324

18, 464
19, 748
22, 233
19, 325

15, 459
17, 603
20, 648
17,589

3,005
2,145
1,585
1,736

2,300,241
2, 300, 669
2, 300, 034
2, 299, 157

210, 240
210, 386
210, 437
210, 483

151, 359
145, 210
151, 867
149, 252

6.7
6.5
6.7
6.6

2,354
2,286
307
767

5,908
5,147
4,963
5,295

5,854
5,115
4,908
5,261

17, 847
12, 446
13, 531
8,177

14, 168
9,316
10, 371
5,673

3,679
3,130
3,160
2,504

53, 058

2, 296, 273
2, 292, 096
2, 287, 563
2, 282, 277

210, 335
210, 092
209, 892
209, 547

148, 333
138, 238
139, 053
134, 267

6.6
6.2
6.2
6.0

1,236
1,635
6,100
4,668

3,220
2,507
1,640
1,639

3,000
2,345
1,549
1,327

6,619
5,437
13, 850
12, 671

3,878
1,880
10, 271
10, 109

2,741
3,557
3,579
2,562

52, 949

4,392
6,904
3,899
3,109
4,749
12, 069
6,718
6,124
6,471
4,460
3,165

48, 033
34, 757
30, 055
19, 836
14,196

44,548
27,924
22, 810
13,363
11,414

3,482
6,833
7,245
6,471
2,782

i

QC

Per cent
of total

Number of cars
7,961
1,838 11, 917
7,017
5,116
3,528
1,945
4,866
15, 013
7,873 12, 233
6,850
11, 899
6,447
6,527
6,675
4,690
4,524
4,913
3,286
3,087

iSi

WAREHOUSES
(8)

53, 891
54, 144
54, 324
54, 658
54,458
54, 166
53, 856

53,938

54,314

54, 245

53, 999

53,995

53, 936

53,495

53, 409

24
148
20
198
184
213
135
110
100
148

70
19
34
75
59
138
93
76
186
118
103

63
11
23
71
46
135
88
73
178
115
94

30
124
68
1

208
224
222
187

196
218
222
187

131
32
124
105

178
197
145
191

163
197
114
191

314
246
212
6

60
56
86
88

42
55
71
88

52
61
69
36

52
147
119
152

52
147
119
146

19
18
12
150

201
119
166
174

201
119
164
174

615
82
45
142

78
74
80
51

68
72
50
34

153
57
19
589

23
95
123
147

18
95
123
144

2
56
2
11

146
68
166
181

143
68
166
150

6218
1,121
1,270
815
830
1,000
784

69
68

1,298

766

730

1,013

1,051

709

364

1,036

1,033

1,173

76
74
67
71
72
68
72
70
65
62
66
68
72
73
66
72
71
68
73
69
64
60
63
68
72
70
67

67.6
68.7
69.9
69.8
68.6
67.2
67.1
67.9
66.1
66.4
68.6

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 m railroad hands include those owned or leased by railroads but not private-owned cars on their lines. Passenger coaches in railroad hands include coaches,
combination, baggage, express, and all other coaches. Monthly averages for bad-order cars for the years 1913-1917; also monthly data for 1920 and 1921, appeared in the
October,
1923, issue (No. 26), pp. 59 and 60. Annual figures for passenger cars in railroad hands and on unfilled order are quarterly averages.
2
Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating the 1924 data was 94 per cent. Data for the years 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
they3 indicate the trend from year to year comparable to the above figures.
The data on shipments of manufacturers for railway equipment were obtained from the Interstate Commerce Commission. Monthly data from 1919 aDDeared
in Julv
1924, issue (No. 35), p. 55.
*y
*'
4 Compiled by Horwath & HorwatJi from reports of over 100 hotels, transient and resident, throughout the country. Details by cities shown in their monthly reports.
s Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of over 600 publiq-merchandise warehouses, excluding cold-storage and household
goods. Further details are presented by States in monthly press releases.
« Average of 2 periods, June 30 and Sept. 30 (no report made for Dec. 31).



106

Table 85.—PUBLIC UTILITIES
TELEPHONE
COMPANIES i

YEAR
AND

MONTH

Total
operating
revenues

TELEGRAPH
COMPANIES i

Net Comoper- mercial
ating teleincome graph
tolls

Telegraph
and
cable
operating
revenues

Operating
income

GAS AND
ELECTRIC
COMPANIES 2

Gross
earnings

Net
earnings

United States *

m.a.
m.a.
m.a.
m.a.
m.a.
m.a.

$13, 132 $3,710
13, 722 3,709
14, 527 4,139
16, 452 4,785
18,700 4,700
20, 225 4,649

$5, 898
6,287

$7, 674
8,477

$1, 711
1,282

$52, 493
54, 315
56,668
63,039
70, 416
78, 725

Canada *

Passen- Average
gers
carried 6 fares 7

In
In mfg.
By
By ExGross Total water
By central pFts, Total water
port- 212 com- 37?
revenue
sta- street
power fuels tions
power
ed
panies cities
rys.,
etc.

Thousands of dollars
1913
1914
1915
1916
1917
1918

ELECTRIC
RAILWAYS

ELECTRIC POWER PRODUCTION

ELECTRIC
POWER
SALES 3

Thous.of Cents
persons

Millions of kilowatt-hours
$21, 431
22, 325
23, 512
26, 051
25,704
24, 387

$26, 017
28,067
30,100
35,458
44, 925
55, 442

1919 m.a.
1920 m.a.
1921 m.a.
1922m. a.
1923 m.a.

24, 635
30, 320
36, 265
40, 204
44,106

5,104
5,415
7,573
8,882
10, 015

7,596
9,113
8,043
8,435
9,027

10, 095
11, 698
10, 371
10, 608
11,153

,636
,438
,265
,697
,583

90, 162
108, 871
112, 690
119, 601
132, 711

26, 157
28, 949
32, 884
37, 238
42, 466

60, 083
73, 575
81,066
90,825
105, 796

s 3, 144
3,630
3,415
3,971
4,639

1924 m.a.
1925 m.a.
1926 m.a.
1927 m.a.
1928 m.a.

48, 412
54,313
60,483
65, 226

10, 555
12,988
14,560
15,567

9,085
10, 245
10, 829
10, 625

11,210
12, 598
13,372
13, 191

1,548
1,796
1,765
1,792

140, 939
152, 260
166, 285
176,430

45, 511
52, 685
59, 596
64, 566

112, 969
122,365
136, 925
147, 508

1937
Sept
Oct
Nov
Dec

66, 529
65,233
65, 193
67,089

16, 322
16,445
16,006
10, 935

11, 172
10, 979
10,238
11, 016

13,822
13, 648
12, 713
13, 747

2,085
2,009
1,622
1,654

169, 414
177, 734
182, 077
194, 985

61,897
65, 260
70, 214
78, 937

1928
Jan
Feb
Mar
Apr _

66, 026
64, 567
68,120
67, 337

16, 783
15, 648
17, 335
17, 386

9,956
9,785
10,904
10,569

12, 467
12, 201
13, 573
13, 205

1,137
1,228
2,009
1,805

196, 573
187, 384
187, 727
181, 144

May
June
July
Aug

69, 277
68, 783
67, 676
68, 784

17, 448
16,941
15, 019
15, 985

11,333
11, 169
10, 618
11, 530

14, 162
14, 036
13, 375
14, 328

2, 258
1,906
1,428
1,887

Sept
Oct
Nov
Dec

68, 432
72, 464
71, 213

16, 496
18,565
17, 649

11, 010
11, 765
10, 623

13, 911
14, 928
13, 661

1,918
2,247
1,770

8209 8 1, 935
1,346
2,284
1,248
2,167
1,434
2,537
1,612
3,027

3,334
3,129
3,650
4,297

295
286
321
342

4,918
5,489
6,149
6,684

1,664
1,863
2,182
2,489

3,254
3,626
3,967
4,194

4,569
5,118
5,732
6,229

349
371
417
454

824
994
1,185

811
980
1,168

107
126
138

784, 893
784, 896
792, 790
782, 860
730, 670

7.420
7.569
7.706
7.915

144, 400
150,800
158, 200
165, 900

6,605
6,932
6,876
7,211

2,201
2,390
2,509
2,729

4,404
4,542
4,367
4,482

6,166
6,482
6,407
6,750

439
450
469
461

1,200
1,314
1,315
1,368

1,184
1,295
1,293
1,345

154
143
129
131

728, 371
790, 712
771, 443
830, 930

7.952
7.985
7.999
8.018

79, 013
74, 297
72, 811
68, 971

171, 700
162, 300
157, 300
153, 800

7,265
6,871
7,246
6,853

2,739
2,585
2,860
2,949

4,526
4,287
4,386
3,904

6,667
6,403
6,767
6,425

598
468
479
428

1,324
1,280
1,341
1,269

1,304
1,262
1,323
1,253

124
123
136
122

814, 172
769, 974
820, 733
771, 816

8.025
8.033
8.033
8.041

180, 255
178, 697
173, 646
173, 952

67, 733
67, 537
62, 260
61, 810

150, 300
149, 500
146, 600
148, 200

7,130
7,010
7,143
7,510

3,187
3,104
3,075
3,045

3,943
3,906
4,068
4,465

6,722
6,638
6,762
7,128

408
372
381
382

1,278
1,241
1,246
1,308

1,262
1,226
1,231
1,292

135
127
130
146

797, 279
760, 509
728, 849
736, 223

8.057
8.081
8.081
8.121

178, 346
186,000
193,000

67, 967
72,000
78,000

156, 100
165, 200

7,282
7,926
7,753

2,792
2,876
2,781

4,490
5,050
4,972

6,927
7,552
7,380

355
374
373

1,278
1,457
1,439

1,260
1,436
1,414

130
155
137

717, 810
795, 140
759, 254
796, 280

8.121
8.129
8.137

7.354
7.296

1929
Jan
Feb
Mar
Apr
May
June

i Telephone earnings are the combined reports of 12 largest telephone companies, reduced by consolidation from 13 companies, and comprising about 83 per cent of the
total operating revenues of telephone companies with annual operating revenues over $250,000, and telegraph earnings are the combined reports of the Western Union and
Postal Telegraph Cos., as reported to the Interstate Commerce Commission.
* Compiled by the V. S. Department of Commerce, Bureau of the Census, from reports of 95 public-utility companies or systems operating gas, electric light, heat, power,
traction, and water services and comprising practically all of the important organizations in the United States, exclusive of telephone and telegraph companies. "While
the above figures are not complete they are believed to represent typical conditions within the public-utility field. Gross earnings consist, in general, of gross operating
revenues while net earnings in general represent the gross less operating expenses and taxes, or the nearest comparable figures. In some cases the figures for earlier years
do not cover exactly the same subsidiaries, owing to acquisitions, consolidations, etc., but those differences are not believed to be great in the aggregate. Monthly data
from 1920 appeared in the December, 1927, issue (No. 76), p. 48.
»Gross revenue received from the sale of electrical energy as reported by the Electrical World represents the total receipts from the sale of electricity by companies with
about 83 per cent of the installed generator rating of the country, computed to 100 per cent of the industry on the basis of the percentage which the reporting companies
bear to the installed central-station rating of the country. Companies reporting sales are not identical with those reporting production of power. These figures cover light
and power companies only, excluding electric railways which do not sell their current. Monthly data from 1913 appeared in July, 1923, issue of SURVEY (No. 23), p. 45.
* Compiled by the U. S. Department of the Interior, Geological Survey. Production in central stations up to March, 1928, was segregated by the U. S. Department of Commerce, Bureau of the Census, from the original records of reporting firms on file with the Geological Survey, from that produced in connection with street railways, manufacturing plants, and reclamation projects. Details, by months, since 1920 for central stations appeared in the June, 1928, issue of the SURVEY (No. 82), p. 22, while for the other
items details appeared in the March, 1925, issue (No. 43), p. 28. Beginning with March, 1928, this segregation has been carried on by the Geological Surtey. Monthly data
froma 1919 on total production and segregation by water power and fuels appeared in the November, 1927, issue (No. 75), p. 26.
Compiled by the Department of Trade and Commerce, Dominion Bureau of Statistics, covering all the large central electric stations in Canada, which in 1925 produced
98 per cent of all stations in Canada. These data do not include the output of pulp and paper mills and other plants generating electricity only for their own use. Monthly
datafl from 1925, including data on electric power generated by fuels, appeared in the April, 1928, issue (No. 80), p. 22.
Data compiled by the American Electric Railway Association from reports of 212 companies operating 24,187 miles of revenue single track and 3,090 miles of bus routes and
carrying about 68 per cent of the total revenue passengers carried by electric railways.
*
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.
* 6Compiled
months' average, January, May, June, August, November, and December missing.


107
Table 86.—CONSUMPTION OF ELECTRICAL ENERGY
BY LEADING INDUSTRIES
Shipbuilding

Stone, clay, and
glass

102.9
99.8
103.8
115.5
123.0
128.4

108.9
89.2
108.6
110.0
113.8
133.8

107.2
90.9
107.2
120.8
117.5
83.8

99.7
100.1
107.4
120.0
111.0
132.7

111.5
90.5
106.5
110.0
122.4
113.4

102.3
92.5
110.9
113.7
108.9
141.1

118.6
119.0
111.9
101.7

111.5 121.2 111.0
117.8 123.4 112.8
113.3 107.2 109.3
116.0 95.2 107.3

115.2
122.5
134.2
126.1

120.2
116.7
112.8
108.0

113.8
120.2
99.9
106.2

112.8
107.9
104.0
95.2

120.8
123.2
113.5
106.2

118.5
122.9
114.8
113.1

119.7
123.0
114.2
109.6

102.9
103.3
105.8
101.2

117.8
118.8
112.9
103.7

128.2
133.4
118.5
118.2

114.0
113.8
112.8
101.5

111.3
117.0
115.4
141.0

129.0
130.7
118.5
122.5

113. 7
123.4
127.5
122.5

129.2
108.2
82.8
52.1

1927
January .. _
February
March
April

111.5
120.7
116. 8
116. 9

117.2
120.4
113.4
114.0

105.5
117.4
117.4
118.9

114.0 132.8 118.7
112.5 123.4 116.1
109.6 117.2 100.1
105.9 119.3 122.1

95.1
105.3
103.1
108.0

95.3
98.5
83.8
104.2

120.5
126.8
125.6
123.5

114.0
114.3
108.3
106.3

117.7
120.5
117.0
114.9

102.5
105.6
99.7
101.3

118.8
116.0
105.7
111.4

128.7
130.2
116.0
124.2

111.2
118.4
115.0
115.7

129.2 98.4 127.7 78.1
120.4 105.8 136.0 103.4
117.7 110.2 125.0 118.2
129.8 117.4 128.3 126.7

May
June
July
August

120.7
112.5
110.6
110.6

115.2
112.0
109.3
105.4

124.7 106.8 123.0 126.8
110.9 101.9 120.0 117.2
115.5 96.0 112.7 125.4
112.5 97.4 121.0 115.3

111.8
101.7
104.9
97.8

115.8
113.4
121.2
111.6

122.5
116.3
113.0
106.4

109.0
105.6
104.4
103.0

116.7
110.9
108.6
104.6

96.3
97.8
96.3
97.0

136.8
113.4
112.9
128.0

124.8
119.8
115.8
117.3

120.4
114.9
109.0
117.8

134.5
130.5
116.7
112.2

128.5
118.8
113.0
113.0

131.5
107.6
102.3
108.0

. 118.4
119.9
115.2
109.8

114.0
114. 0
109.7
103.9

116.4
115.0
111.4
107.8

111.6
111.5
110.4
109.9

136.8
134.4
137. 8
128.0

124.6
125.7
117.0
116.9

122.6
115.8
115.5
109.0

127.4
120.8
117.9
104.6

109.6
111.8
108.9
110.6

105.2
109.7
106.3
101.2

107.4
110.8
107.7
105.9

105. 9
111.0
104.5
98.2

141.3
139.2
135.8
123.3

122.7
127.7
126.5
122.0

114.4
115.6
117.0
96.7

106.6 118.2 121.2
117.2 111.0 125.4
100.8 109.7 119.2
94.6 98.8 112.3

109.5
114.2
100.7
106.4

118.4
127.7
118.2
119.3

115.2
125.2
116.9
113.8

117.0
127.7
122.3
129.0

116.2 124.8
126.6 134.8
114.2 115.4
112.0 115.2

115.0
116.7
110.4
117.8

124.2
129.1
126.8
131.7

102.4
115.6
108.4
105.9

131.3
133.8
124.5
125.4

117.4
127.6
117.4
121.7

124.4
130.7
121.0
123.2

112.2
118.4
107.0
98.8

107.7
113.3
106.0
115.4

121.3
124.2
120.2
120.5

120.4
137.0
126.2
121.7

94.2
98.8
75.4
93.3

105.2
127.3
121.1
133.6

116.7
127.5
114.9
109.8

135.2
148.7
136.2
148.7

119.0
116.4
120.2
120.8

109.1
108.4
102.4
102.2

127.2
124.6
131.8
132.4

112.9 110.6 112.9
113.4 114.6 118.5
110.8 112.0 116.5
118.3 112.8 127.5

126.3
122.6
128.5
119.2

103.9
116.8
129.2
128.3

125.0
121.2
121.2
125.4

122.7
123.7
126.3
125.8

123.6
122.7
124.2
125.5

98.1
100.2
99.0
94.7

110.8
109.2
108.8
111.6

136.4
133.7
127.3
129.1

128.5
131.7
135.3
138.4

84.0
85.3
67.2
67.3

129.3
128.0
129.8
135.3

105.7
104.7
91.8
97.3

141.6
136.0
143.7
143.2

134.5
132.0
133.3
127.3

115.3
119.3
126.0
120.2

149.7
143. 5
145.7
133.8

136.0
133.4
138.9
126.8

132.0
129.4
135.7
132.8

142.0
138.0
130.0
113.7

141.2
144.7
148.8
142.2

144.2
144.5
140.5
137.5

143.0
144.6
143.5
139.2

106.9
103.8
94.0
93.7

111.3 132.0
109.3 133.3
111.8 135.2
107.3 127.4

151.2
146.4
143.8
124.8

72.3
73.8
102.2
91.8

152.0
144.7
149.1
136.6

112.5 161.0
121.0 141.2
132.5 127.1
126.3 130.0

q
1!
£4 B°

Automobiles
and repair parts

Rubber and its
products

96.6
102.5
107.0
117.1
123.6
110.2

el

Leather and its
products
111.1
94.7
99.0
96.4
101.3
102.2

«a

Metals
111.0
88.2
102.8
116.9
111.9
130.5

2%

Metal-working
plants
111.0
88.2
102.8
117.1
107.3
129.1

Food and allied
products

102.4
103.8
99.4
103.4 2 112.9
109.5 116.3
119.5 132.1

Chemicals and
allied products
91.5
100.7
112.4
114.4
107.6
128.2

Western
100.3
98.3
103.2
116.5
118.8

Southern
101.8
95.4
108.3
115.8
125.5
120.9

Middle Atlantic
108.5
92.2
105.7
108.4
107.5
121.6

North Central

113.4
92.0
103.8
107.8
112.4
114.5

YEAR AND MONTH

New England

107.3
92.5
105.2
113.5
115.3
123.9

United States

Paper and pulp

,

Lumber and its
products

BY GEOGRAPHIC DIVISIONS

1923-1925 monthly average =100
1923
1924
1925
1926
1927
1928

monthly average
monthly average
monthly average —
monthly average
monthly average
monthly average

1936
September
October
November
December..

September.
October
November
December.

_ _

_

1928
January _.
February
March
April
May
June
July
August

__

September
October
November

_

D^CfiTTiber

107.2
93.8
107.6
114.4
114.5
132.1

127.5
129.7
127.6
121.2

150.8
148.7
156.7

130.2
107.4
111.3
114.1

1939

January
February
March
April
May
June

1 Data compiled by the Electrical World and represent the utilization of electrical energy by 3,600 identical concerns depending at all times upon electrical energy for
power
2 and do not show the expansion of the market for central power with new customers. All figures are adjusted to the basis of 26 working days to the month
7 months average^




108

Table 87.—EMPLOYMENT—INDUSTRIAL, RAILWAY, MINING, AND FEDERAL
RAIL WAYS 2

INDUSTRIAL 1

YEAR AND
MONTH

Food
and
Total kin12
dred
groups products

Textiles
and
their
products

Iron
and
steel
Ymd
their
products

Lumber
and
its
manufacture

Leather and
its finished
products

Paper
and
printing

Chemicals
and
other
products

Stone,
clay,
and
glass
products

VehiNon- To- cles
fer- bacco for
rous man- land
met- ufac- transals« ture portation

MiscelEm- Averlane- ploy- age
Emous ees on hour- ployinment
ly
dusFo^ wage
tries
Thousands

Relative to 1923

1914 mo
1915 mo.
1916 mo
1917 mo
1918 mo.
1919 mo.

av
av
av
av
av
av

7

Dollars

£uy

Relative to
1923-1925

U.S.
GOVT.
WASHINGTON
(civilian
employ-4
ees)
Number

Rel.
to!923

94 9
97.0

110 4
115 0
114 0
108.2

1,647 $0.276
1 733 .313
1 842 .463
.557
1,913

1920 mo av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av

109 9
85.1
88.4
100.0
90.3

2,013
1,661
1, 645
1,880
1,777

.667
.665
.618
.615
.628

1925 mo. av
1926 mo. av
1927 mo. av
1928 mo. av

91.2
91.9
88.5
86.2

90.9
89.8
89.3
88.3

87.3
86.1
87.2
82.9

87.3
92.0
85.8
84.2

93.1
90.8
83.4
79.7

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

88.0
87.6
85.9
85.1

92.1
92.6
90.9
89.9

86.9
87.6
87.1
86.6

84.2
85.5
86.1
85.7

86.9
87.9
87.4
85.6

85.5
85.6
84.7
86.0
87.3
88.1
87.7
87.8

1937
May
June
July
August
September
October _
November
December
1938
January
February.. _ .
March
April
May
..
June
July
August
.
September
October
November
December
1939
January
February
March
__
April
May
June

ANTHRACITE MINES3

OHIO
CONSTRUCTION «

[Base year in bold-faced type]

s 99, 970

106.2
67.2
106.9
113.7

98.5
58.0
104.3
117.0

92,237
80,838
71,061
66, 214 100.0
64, 743 107.3

998.4 995.1
100.0 100.0
90.6 100.2

992.6
100.0
91.6

996.3
100.0
96.7

100.0
92.7

92.0
90.3
88.4
83.8

100.8
103. 6
103.7
102.7

94.2
98.4
95.1
91.9

97.6
99.7
94.2
89.4

96.7
97.5
90.5
90.5

92.0
85.6
84.0
82.2

91.0
91.2
82.8
87.4

91.6
96.8
96.3
88.7

1,769
1,806
1,761

.634
.641
.654

79.5
101.2
117.9
112.3

78.7
104.6
105.2
96.7

63,703 111.5
60,505 106.6
60, 047 101.7
113.1

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

85.1
84.5
83.0
79.8

91.3
89.4
84.6
82.9

103.4
104.2
105.1
105.4

93.8
92.6
91.7
90.4

95.0
93.4
93.0
88.8

88.9
87.9
86.5
86.0

87.8
89.8
89.1
84.5

81.7
80.9
76.8
77.5

91.4
90.8
89.7
90.4

1,788
1,784
1,729
1,660

.659
.655
.662
.666

120.1
126.6
86.3
90.5
112.0
109.4
116.2
98.1

59,879
59,800
60,433
60,413

84.0
82.6
80.6
79.7

119.0
118.7
116.9
117.1
118.7
119.8
116.6
119.7

60, 267 135.9
60,236 122.0
60, 399 102.9
60, 660 87.6

86.0
87.1
86.4
83.7

79.2
81.5
82.8
83.3

77.0
77.0
78.3
79.3

86.3
87.7
87.1
82.9

103.8
103.3
102.4
101.4

89.9
93.6
100.1
99.9

83.4
84.0
87.0
89.1

83.5
86.8
88.4
90.2

78.1
81.4
82.2
80.0

79.2
82.7
85.0
86.4

89.1
87.7
86.8
87.1

1,614
1,608
1,626
1,659

.671
.679
.661
.663

95.8
87.0
87.4
87.0

81.5
81.0
78.3
79.1

84.3
84.4
83.7
84.7

79.3
80.2
79.3
81.1

80.8
80.6
84.1
85.7

101.7
101.5
101.5
101.7

87.8
86.1
85.7
86.9

92.4
93.1
90.3
93.4

90.2
89.7
89.4
90.8

80.9
81.6
77.2
82.9

89.0
89.1
88.5
91.4

86.9
87.1
86.9
87.5

1,710
1,736
1,729
1,731

.652
.653
.661
.655

89.8
91.9
91.5
91.7

80.6
83.1
83.7
84.1

85.7
86.4
87.2
87.4

81.8
81.9
81.7
79.5

85.9
84.6
80.0
79.3

102.1
103.5
104.8
104.8

93.2
93.4
92.9
93.6

93.1
91.3
88.9
87.0

91.8
93.4
95.4
96.1

84.7
86.7
86.6
83.9

92.6
91.5
87.1
86.3

88.8
90.2
91.0
94.8

1,723
1,724

.673
.660

120.2
113.6
107.7
112.3
115.9
113.8
105.1
107.9
110.8
112.8
113.4
114.6

98.7
96.0
88.5
86.1
122.1
92.8
62.0
86.7
92.5
119.8
108.8
106.8

60, 743 79.6
60, 999 76.2
61,049 88.8
61,311 103.2
61,422 115.6
61,388 115.7
61,650 130.6
62, 111 139.4
62,010 135.0
62,016 137.7
62,244 128.1
107.1

991.5 995.4 984.7 996.1
100.0 100.0 100.0 100.0
95.6 88.2 86.3 94.8

(10)

9 106. 2 983.7 989.8
100.0 100.0 100.0
94.0 88.6 87.8

110.4
120.2
132.9
139.7

1
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represent weighted indexes based upon the number of wage earners in the respective
industries in 1919. The original data are taken from the pay roll nearest to the middle of the month as reported by more than 9,000 firms, employing almost 3,000,000
workers. Details of this table, together with the method of construction, may be found in the April, 1924, Monthly Labor Review, pp. 129-132, while current details are
given
monthly in Employment in Selected Industries as issued by the Bureau of Labor Statistics.
2
Compiled from reports of Class I carriers and 15 switching and terminal companies to the Interstate Commerce Commission. The computation of average wages excludes
the officials
included in total on pay roll. Monthly data from 1920 given in January, 1923, issue (No. 17), p. 51.
3
Compiled by the Federal Reserve Bank of Philadelphia from reports of operators to the Anthracite Bureau of Information relating to the first semimonthly pay-roll period
in-each month.
< Compiled by the U. S. Civil Service Commission, giving number of civilian employees carried on rolls at end of each month. Details by departments, with data on
additions
and separations, are given in the monthly reports.
8
.Compiled by the Ohio State University, Bureau of Business Research, based on reports from firms engaged in general contracting throughout Ohio. Employment in
the general contracting industry in Ohio follows very closely the trend in the entire construction industry in the State. Wage earners in this report include mechanics,
artisans, laborers, and foremen, and part-time workers are reduced to a full-time basis for the week including the 15th of each month, which is used as the monthly index.
Monthly data from 1923, revising previous figures, are given on p. 48 of the October 1928 issue (No. 86). The bureau also issues an index which eliminates seasonal
variations.
6
Includes stamped and enameled ware and brass, bronze, and copper products.
78 Average for last 7 months of year, earlier data not available.
9 months' average, April to December, inclusive.
9
Average of last 6 months of the year.
1° Data for this group not available in 1922.




109

Table 88.—FACTORY EMPLOYMENT, BY STATES AND CITIES
[Base year in bold-faced type]
EMPLOYEES ON PAY ROLL
YEAR AND
MONTH

MasNew New PennMary- Ohio i2 Iowa s
4
sachu- York Jer- 4 syl- 4 Delasetts 2 State 3 sey vania ware land i
Rel. to
1919-23

Rel. to
1924

Relative to 1923

1914 mo. av_
1915 mo. av.
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av.
1920 mo. av
1921 mo. av_

109.2
106.4
88.6

1922 mo. av.
1923 mo. av.
1924 mo. av.
1925 mo. av.
1926 mo. av.
1927 mo. av.
1928 mo. av.

90.3
93.7
102.1 100.0
90.2
91.2
90.5
90.5
90.7
92.1
87.0
87.6
83.5
78.1

Illinois 5

Wisconsin o

De-

troit 7

90
90
96
96
92

89
91
92
86
81

100
80
81
82
75
75

100.0
100. 2
103.8
94.4
87.8

100
94
100
104
100
105

77.8
100.0
101.0
112.9
122.4
118.2

90.6
100.0
91.6
88.7
91.7
86.3
84.7

Milwaukee 10

New
York
State *

Oklahoma n

Number

" 86. 5

100

Detroit 7

Relative to 1923

" 86. 4
89.3
104.7
109.2
110.9
103.5
107.4
83.9
100

Cleveland"

165, 641
97, 784

24, 199

is 478, 334
493, 995
579, 295
604, 192
613, 671
672, 959
594, 099
464, 200

80, 572
91,283
72, 608
72, 672
80, 079
74, 917

162,018
217, 790
202, 810
230, 277
228,677
206, 987
264,055

28, 151
34, 459
28,959
33, 050
34, 974
35, 193
372, 258

499, 542
553, 392
504, 484
500,916
501, 802
481, 230
462, 284

69, 927

100.0
95.1
99.3
99.5
94.8

100.0
93.1
105.7
105.0
95.0
121.2

28,234
29,035
31, 321
29, 663

1937
May
June
July
Aug .

87.7
85.9
83.9
85.9

86.8
86.6
85.1
85.7

94
94
93
93

87
86
84
84

74
72
73
71

95.1
93.0
90.7
92.4

107
106
103
103

118.3
120.2
117.2
118.7

87.8
87.5
84.3
85.5

93.4
94.1
97.1
98.7

94.4
87.0
92.8
94.4

79,528
78, 448
75,329
74, 500

205,560
189, 398
202, 156
205, 525

34, 604
34,542
35, 337
35, 361

480, 120
479, 147
470, 811
474,424

29,865
30, 059
30, 173
30, 718

Sept
Oct
Nov
Dec

87.1
87.4
86.2
83.0

87.5
87.6
85.9
84.4

95
95
94
93

84
84
83
81

74
73
74
75

94.0
92.5
89.1
88.3

102
101
99
98

118.8
119.7
118.1
122.0

85.3
85.3
83.2
82.2

95.9
94.9
90.9
90.7

90.3
88.3
89.9
94.1

72,247
69,046
69, 706
68,408

196, 580
192, 411
195,893
204,856

35, 544
35, 195
35, 176
34, 502

484, 115
484, 819
475, 571
467, 320

29, 948
27, 624
26,667
26,883

1928
Jan
Feb
Mar .
Apr

82.3
83.3
82.1
80.4

82.6
83.5
83.9
82.9

91
91
90
90

80
82
82
80

75
74
74
74

85.4
87.4
88.9
88.5

97
102
104
104

117.9
119.0
121.0
120.5

80.5
82.7
83.7
82.6

90.3
92.1
92.6
91.8

102.6
107.1
112.8
116.3

71, 121
72, 979
74, 274
76, 118

223,502
233, 310
245, 716
253, 390

35, 492
36, 111
36,883
36, 871

457,275
• 462, 060
464, 162
458, 640

25,615
24, 251
24,492
26,205

May
June
July
August

75.4
73.6
72.9
74.2

82.0
82.2
81.5
82.5

90
90
90
91

80
80
79
81

75
74
75
74

87.8
86.5
85.6
88.1

104
105
104
106

121.5
124.1
123.3
124.0

83.2
85.1
83.4
85.6

91.8
92.9
96.8
97.9

119.0
120.6
125.7
134.7

76, 556
76, 580
76, 679
78,420

259, 073
262, 651
273, 796
293, 457

36, 777
36, 922
37,314
37, 385

453,683
454, 952
451, 125
456, 303

26, 553
27, 888
29, 405
31, 137

SeptemberOctober
November..
December..

75.6
78.8
79.3
78.9

84.3
86.0
85.8
85.3

94
95
97
98

81
82
82
80

77
74
74
75

89.0
90.4
88.0
87.7

109
110
110
109

124.0
126.0
125.3

86.8
86.9
87.3
88.1

97.1
97.0
95.7

135.4
131.3
126.0
123.3

78, 910

294,829
285,936
274,397
268,601

38,077
38,090
38,179
38, 995

466, 357
475, 753
475, 043
472, 054

30,812
31,960

1939
January
February ...
March
April
May
June

_ _

1
Compiled from data furnished by the Maryland Commission of Labor and Statistics from about 250 manufacturers each month, link relatives being used for identical
concerns
from month to month. Monthly reports show details by industries. Monthly figures from 1924 appeared in the July, 1928, issue (No. 83), p. 24.
2
Compiled by the Massachusetts Department of Labor and Industries, Division of Statistics from about 1,000 firms each month. Data are connected by the chain relative
method.
Monthly data from 1919 appeared in the July, 1928, issue (No. 83), p. 24.
3
Compiled by the New York State Department of Labor from reports of 1,648 firms employing more than one-third of the factory workers of New York State. Monthly
data from 1914 appeared in the July, 1928, issue (No. 83), p. 23.
* Compiled by the Federal Reserve Bank of Philadelphia from reports of about 1,000 plants each month in the States of New Jersey, Pennsylvania, and Delaware. Since
August, 1926, figures for New Jersey are from the New Jersey Department of Labor.
* Compiled from data furnished by the Illinois Department of Labor from reports by about 1,400 manufacturing establishments, employing about 400,000 people, based
on the pay roll nearest the 15th of the month. Monthly data from 1921 appeared in the July, 1928, issue (No. 83), p. 23.
« Compiled by the Industrial Commission of Wisconsin, based on link relatives from reports of manufacturing firms. The data have been recomputed to a 1923 base,,
the month'y figures from 1923 appearing in the July, 1928, issue (No. 83), p. 23.
7 Compiled by the Employers' Association of Detroit, covering about two-thirds of the working population of Detroit. Figures for last week of month are given here.
8 Compiled from data furnished by the Iowa Bureau of Labor from reports of about 300 firms, the index being compiled by the link-relative method on reports of identical firms from month to month. Monthly data from 1922 appeared in the July, 1928, issue (No. 83), p. 24.
* Compiled by the Cleveland Chamber of Commerce from reports of 100 identical manufacturers, except that in November, 1925, when one plant went out of business,
another
was substituted. Data are for the end of the month and monthly figures from 1921 appeared in the July, 1928, issue (No. 83), p. 24.
10
Compiled by the Milwaukee Public Employment Office from reports of 50 identical manufacturers, 4 of which are now out of business. Data are for the end of the
month and monthly figures from 1921 appeared in the July, 1928, issue (No. 83), p. 24.
n12 Compiled by the Oklahoma Department of Labor from reports of 710 establishments. Monthly data from 1924 appeared in the July, 1928, issue (No. 83), p. 24.
Compiled by the Ohio State University, Bureau of Business Research, from reports of about 600 manufacturers in Ohio. Details by industries and by cities are given
in the bureau's press releases. Monthly data from 1923 are given on p. 48 of the October, 1928 issue (No. 86).
is 7 months' average, June to December, inclusive.

14 5 months' average, August to December, inclusive.


110
Table 89.—EMPLOYMENT AGENCIES, TRADE-UNIONS, AND INDUSTRIAL DISPUTES
TRADE-UNION 2
EMPLOYMENT

EMPLOYMENT AGENCIES 1

YEAR AND MONTH

United
States
average

Eastern Central Southern
States States States

Western
States

Canada United
States

Per cent of total
membership

Number of applicants per 100 jobs
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

Canada

EMPLOYMENT
IN
CANADA 2

< 100. 0
87.0
88.6
94.8
91.9
93.0
98.8
103.7

117
117
113
101

95.1
95.9
97.7
97.5

101.0
103.7
104.2
104.9

58
65
68
78

95
115
145
138

96.7
97.4
95.3
94.1

105.2
102.8
101.1
94.8

146
155
125
111

78
72
67
62

156
147
146
124

93.6
93.5
94.3
94.0

137
163
152
156

119
125
118
122

61
65
87
70

124
127
121
109

131
129
146
155

136
145
160
165

114
122
132
145

79
61
71
80

98
116
142
140

170
175
154
137

192
208
171
146

203
189
166
147

188
222
264
219

87
75
65
69

161
146
137
120

May
June
July
August

128
121
137
129

138
147
151
223

135
161
150
132

204
221
174
121

66
66
80
69

September
October
November
December

107
117
134
100

120
128
142
146

126
133
125
146

91
142
153
193

63
62
71
69

»131
106
100
127
122
119
142
159

«235
146
131
180
175
160
159
151

«164
125
109
130
122
108
128
183

895
70
60
69
64
66
71
70

May
June
July
August

115
130
120
106

113
123
128
118

138
174
139
128

103
109
107
81

56
54
78
62

September
October
November
Decftinber

100
104
120
134

105
112
122
135

118
122
139
157

85
72
102
121

January •
February
March
April

160
158
137
119

156
162
146
122

203
191
165
140

May
June
July
August

118
137
134
129

121
149
145
137

Sfipt.P.TTlbP.r

121
120
137
145

January
February
March
April

103
126
117
109
126
114
119
122

Disputes

Rel. to
Jan., 1920

95.4
87.5
93.0
95.1
93.0
93.0
94.9
95.1

U73
127
105
143
140
127
135
134

INDUSTRIAL DISPUTES 3
Workers
involved

Man-days
lost in
month

Number

63

121, 117

3,149,950

95.4
96.3
96.2
100.6

18
45
67
88

2,287
5,717
8,182
199,701

58, 125
115, 229
214, 283
5, 265, 420

94.8
96.8
96.7
96.3

105.9
108.4
109.2
109.7

116
88
63
53

200,072
196, 323
199, 287
198, 444

5, 136, 006
4, 863, 345
5, 308, 123
4, 999, 751

96.9
96.1
94.8
93.4

109.0
107.5
106.8
99.5

58
58
51
54

196, 829
82, 095
82, 607
81, 229

4, 945, 702
2, 724, 117
2, 040, 140
2, 129, 153

82.2
81.8
82.0
84.0

93.2
93.0
93.5
94.8

100.8
101.4
101.1
105.5

62
61
63
70

81, 676
104, 883
78, 362
134, 382

2, 135, 092
2, 155, 559
2, 343, 415
4, 884, 430

114
118
113
109

87.0
89.0
88.0
91.0

96.3
96.3
97.5
97.6

112.4
116.3
119.9
119.5

74
64
60
59

136, 094
134, 406
134, 102
129, 210

2, 526, 608
3, 580, 719
3, 365, 803
3, 577, 599

98
114

90.0
91.0
90.0
87.0

97.8
96.9

118.9
119.1

48
51
55

63, 650
44,064

2, 605, 713
1, 328, 474
1, 101, 111

86.9

1926

1937

October
November
December

1928

1929
January ..
___
Februarv
March
April

_
J

May
June
1 Compiled from weekly reports to the U. £ Department of Labor, Employment Service, showing the number of workers and jobs registered at State and municipal employment agencies. Eastern States included in the report are Connecticut, District of Columbia, Massachusetts, New Jersey, New York, and Rhode Island. (Delaware,
Maryland, and Pennsylvania, now reporting, are excluded to show true comparison.) Central States are Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri,
Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Southern States include Alabama, Arkansas, Georgia, Kentucky, North Carolina, Oklahoma, Texas,
and Virginia. Western States include Arizona, California, Colorado, Idaho, Oregon, and Washington; Montana is included beginning with March, 1922, its figures being
so small as not to affect the total. Data for Canada compiled from weekly reports to the Dominion Department of Labor, Employment Service of Canada. The original
data covering applications and job vacancies from which the Canadian data were compiled were given in the February, 1928, Survey, p. 110.
2 Data for the United States compiled from reports of trade-union unemployment as published by the American Federation of Labor, the figures above having been inverted to show trade-union employment. Data for Canada from the Dominion Department of Labor, Employment Service of Canada, data covering yearly averages 1915 to
1919, inclusive, were given in the February, 1928, Survey, p. 109; 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.
3 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, through the cooperation of the Conciliation Service and other outside agencies. The data show
the number of industrial disputes in effect at the end of the month, disputes involving fewer than six workers and those lasting less than one day being omitted. The number of work-days lost relates only to workers directly affected and is computed by multiplying the number of workers so affected by the length of the dispute measured in
working days as normally worked by the industry or trade in question. Figures given include only those disputes which have bsen verified by the bureau.
 * January, 1920.
fl 6 months' average, July to December, inclusive.



Ill

1913
1914
1915
1916
1917
1918
1919
1920

monthly av
monthly av
monthly av__
monthly av__
monthly av_ .
monthly av..
monthly av. .
monthly a v_.

28
36
41
49

20
25
31
39
41
49

20
24
30
83
41
50

14
16
21
27
32
37

12
13
17
23
28
32

16
17
21
28
36
40

21
24
29
39
43
53

25
28
34
45
53
62

26
29
36
44
47
55

26
28
36
45
52
60

1921 monthly a v. .
1922 monthly av_.
1923 monthly a v._
1924 monthly av_ _
1925 monthly a v..
1926 monthly av. _
1927 monthly a v._
1928 monthly av__

36
32
38
38
38
39
39
40

38
39
51
50
46
50
49
50

35
37
45
45
45
46
47
44

26
21
25
28
27
30
28
26

25
20
22
24
25
25
25
26

28
24
25
27
27
27
30
28

35
31
39
27
37
38
39
39

45
31
34
36
38
36
38
38

46
37
42
41
44
43
45
46

50
48
54
52
52
52
53
53

38
32
43
50
50
50
50
50

151.0
123.3
138.5
145.8
131.8
132.0
127.8
125.5

1937
September
October. _
November
December

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
50

125.5
125.5
128.5
128.5

1938
January
February
March
April

37
38
38
40

53
52
51
50

48
47
48
46

24
22
23
23

25
26
28
26

26
28
28
27

39
41
41
41

37
39
37
36

41
43
42
46

50
54
52
53

50
50
50
50

125.5
125.5
125.5
125.5

. . 40
40
40
42

49
48
47
48

42
42
43
41

28
26
27
34

27
26
25
25

29
30
27
29

38
37
38
39

37
36
36
38

49
45
44
50

51
53
53
53

50
50
50
50

125.5
125.5
125.5
125.5

43
42
42
39

48
51
50
51

42
41
41
44

24
26
27
28

25
26
27
26

26
30
31
30

38
40
40
41

39
39
40
38

52
49
42
46

54
54
53
53

50
50
50
50

125.5
125.5
125.5
125.5

May
June
July
August

«

September
October
November
December

_

20
23

i

•tt
Sri
©«

1
g*
fc

Oklahoma «

to

Wisconsin 1

160.0
191.8
174.0
192.0

$30.21
29.72
29.97
32.58
40.19
49. 13
56. 77
65.05

20
20
20
24
30
38
42
46

Pennsylvania 8

Dolls,
p. mo.

New Jersey «

Percent
base
scale

WEEKLY
PAY ROLL

TOTAL PAY ROLLS

New York «

FARM WAGES
(without board) *

Cents per hour

YOUNGSTOWN
DISTRICT (wages
of steel workers)3

Pacific

Mountain

West North
Central

East North
Central

g

West South
Central

ii

East South
Central

Z

South Atlantic

YEAR AND
MONTH

New England

United States
average

WAGES OF COMMON LABOR IN ROAD
BUILDING
(by geographic divisions)1

U.S. STEEL CORP.
WAGE RATES 2

Table 90.—WAGES AND PAY ROLLS, BY STATES

Thousands of
dollars

Relative to 1923

»39.4
42.3
55.5
65.6
82.8
89.3
110.9

$5, 942
6,377
8,366
9,892
12, 481
13, 468
16, 711

43.58
42.09
46.74
47.23
47.80
48.87
48.63

79.2
83.1
100.0
92.7
93.9
96.6
93.6
90.3

11, 943
12, 524
15, 075
13, 967 10 $750
14, 159
781
14, 659
860
814
14, 105
13,613

49.77
46.75

48.44

49.32

49 60

90
91
101
103
101

100
86
90
94
87
83

100
81
82
85
79
77

100.0
97.1
105.9
106.8
101.4

95.0
94.2
90.7
91.7

102
102
100
103

83
85
84
83

76
76
77
81

101.7
100.6
99.6
99.5

14, 317
14, 195
13, 671
13,830

970
741
676
673

88.6
89.4
91.3
87.6

98
100
99
96

79
85
85
80

76
76
78
75

88.9
99.1
106.7
97.6

13, 361
13,477
13, 760
13,200

685
719
634
709

87.8
89.0
87.2
89.0

98
98
96
99

83
83
76
83

79
78
74
76

99.9
104.8
- 98.7
108.7

13, 241
13,413
13, 149
13, 411

702
743
793
877

92.0
94.0
93.5
94.3

102
105
107
110

83
87
85
85

77
78
77
82

106.5
110.2
107.3

13, 862
14, 168
14,094
14, 217

865
868

100

1929
January
February
March
_
April
May
June
1 Compiled by the U. S. Department of Agriculture, Bureau of Public Roads. The current data beginning January, 1922, are compiled directly from Federal-aid project
reports. Earlier data included reports on farm labor or other forms of common labor closely correlated, as reported to the Department of Agriculture and the Department
of Labor.
2 Average rates in the Pittsburgh district reported by the United States Steel Corporation; rates apply to 10-hour day except for the period Oct. 1,1918, to July 16, 1921,
during which period the rates applied to a basic 8-hour day with time and a half for overtime, and beginning Aug. 16,1923, when they applied to an 8-hour day, the 10-hour
workers amounting to only 30 per cent of the total.
3 Compiled from data furnished by the Western Sheet and Tin Plate Manufacturers' Association and the Amalgamated Association of Iron, Steel, and Tin Workers. The
wage scales are based on the price of steel sheets in the previous 2-month period as ascertained by actual prices received by mills. Monthly data from 1917, together with
price of steel sheets for the same period, appeared in the May, 1926, issue (No. 57) of the SUEVEY, p. 13.
* 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.
c Compiled by the New York State Department of Labor from reports of 1,648 firms employing more than one-third of the factory workers of New York State. Monthly
data from 1914 appeared in the July, 1928, issue (No. 83), p. 23.
a 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,
1928, figures for New Jersey are from the New Jersey Department of Labor.
13
Compiled by the Industrial Commission of Wisconsin from reports of manufacturing plants in Wisconsin.
8 Compiled by the Oklahoma Department of Labor from reports of 710 establishments.
« 6 months' average.
10 7 months' average.




112

Table 91.—WEEKLY EARNINGS OF FACTORY LABOR

7100.0 7 100. 0 7 100. 0 7 100. 0 7 100. 0

8 235. 4 8238.5 8 235. 2 8 253. 1 8 233. 0
188.0 188.3 187.5 191.2 205.0

1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av
1926 monthly av
1927 monthly av
1928 monthly av

Relative to 1923

100.0
103.0

9 191. 8 9 193. 2 9 193. 7 9 191. 7 9 204. 0
211.3 212.6 212.7 211. 1 222.7
209.5 212.9 212.1 213.4 215. 4
214.8 220.0 218.2 220.5 220.3
216.7 222.6 220.3 223.5 220.2
217.1 223.1 219.8 227.5 221.0

200. 6
218.3
221.8
226.4
232.5
234.8
235.9

100
100
101
108
109
110

100
97
98
101
101
102

100
101
99
101
103
102

OKLAHOMA «

Dollars

7$12. 54 ' $13. 307$14. 16 7$10. 71 7 $7. 84 $12. 48
12.85
48 6
57 3
14.43
67.0
16.37
85.3
20.35
95 9
23.50
116.5 8 29. 51 831.72 8 33. 31 s 27. 11 8 18. 27 28.15
92.8 23.57 25.05 26.55 20.48 16.07 25.72

115.6
131.2
163.1
188.3
225. 6
206.1

WISCONSIN «

Women

QC

Unskilled

Wisconsin 5

Illinois *

I

ILLINOIS *

U. S. TOTALS, 23 INDUSTRIES 1

Men
Delaware 3

New Jersey 3

Relative to
1914

Relative to July, 1914

1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av
1920 monthly a v
1921 monthly av

New York 2

QC

Women

H

Unskilled

YEAR AND MONTH

Grand total

Men

Pennsylvania 3

BY STATES

Grand total

U. S. TOTALS, 33 INDUSTRIES!

NEW YORK STATE «

[Base year in bold-faced type]

991.3
100.0
101.8
103.2
105.9
105. 4

90.0 9 24. 06 9 25. 69
100.0 26.50 28.27
101.5 26.27 28.31
106.6 28.94 29.26
107.1 27.17 29.61
106.2 27.22 29.67

9 27. 42 9 20. 53 9 15. 99
30.12 22.61 17.46
30.04 22.86 16.89
30.90 23.62 17.27
31.20 23.94 17.26
31.13 24.37 17. 33

$28. 58
22.80

25.04 9$24. 70
27.24 27.07
27.68 27.55
28.26 27.93
29.02 28.67
29.30 28.53
29 44

21.66
23.97
24.40 s$26. 57
25.56 26.91
25. 67 27.46
25.45 27.44

1927
May
June
July
..
August

219.5
218.0
213.9
216.6

227.1
225.4
220.1
223.8

223.8
222.3
217.1
221.3

230.4
228.7
223.6
224.8

221.4
221. 6
217.9
220.2

233.8
233.7
232.0
234.7

109
110
106
109

102
102
96
101

104
103
99
102

105.7
108.1
104.6
105.7

106.5
108.7
101.0
108.2

27.52
27.34
26.82
27.16

30.20
29.98
29.27
29.76

31.69
31.48
30.74
31.33

24.68
24.49
23. 95
24.08

17.36
17.37
17.08
17.26

29.18
29.17
28.95
29.29

28.60
29.27
28.32
28.61

25.52
26.05
24.22
25.94

27.25
27.24
26.98
26.66

September
October
November
December

217.9
215.4
213.1
214.5

223.3
220.7
215.7
220.7

220.2
217.4
212.9
217.5

228.8
226.1
218.7
225.2

220.9
221.3
220.9
221.2

236.9
. 234. 6
230.4
237.1

109
109
108
111

98
101
100
101

101
102
103
106

102.1
105.6
104.3
104.0

105.9
105.9
105.9
105.3

27.32 29.70
27.01 29.35
26.72 28.69
26.90 29.35

31.18
30.78
30.15
30.80

24.29
24.21
23.42
24.12

17.32
17.35
17.32
17.34

29.57
29.28
28.75
29.57

27.65
28.59
28.23
28.15

25.40
25.40
25.39
25.24

32.73
26.89
25.36
25.37

1928
January _
February
March
April

217.2
218. 1
220. 0
216.8

224.1
228.0
230.1
227.4

220.5
223.9
226.8
224.7

230.3
235.8
233.9
228.5

219.8
221.8
221.2
212.9

234.1
233.7
237.5
230.6

109
110
110
108

98
104
104
99

100
102
104
99

101.6
106.9
105.2
104.5

98.4
107.6
115.2
106.3

27.24
27.35
27.59
27.19

29.80
30.32
30.60
30.25

31.22 24.66
31.70 25.25
32.11 25.05
31.82 24.47

17.23
17.39
17.34
16.69

29.22
29.16
29.64
28.78

27.49
28.93
28.48
28.28

23.60
25.80
27.62
25.49

26.73
29.65
25.84
27.04

May
June
July
August

217.1
217.7
216.0
218.1

226.1
228.2
225.2
227.8

222.0
224.2
221.4
224.4

233.2
235.0
230.5
231.4

215.2
217.0
217.7
217.3

233.9
236.2
233.6
235.5

110
110
108
109

103
102
96
102

104
103
98
102

106.5
108.2
101.4
107.6

108.8
112.8
102.0
111.0

27.23
27.30
27.09
27.35

30.07
30.35
29.95
30.30

31.44
31.74
31.35
31.77

24.98
25.17
24.69
24.78

16.87
17.01
17.07
17.04

29.19
29.48
29.15
29.39

28.82
29.28
27. 45
29.13

24.07
27.03
24.45
26.60

26.44
26.24
26.97
28.15

September __
October
November
December

221.4
221.4
218.7

232.6

229.0
227.8
220.4

235.9
230.8
227.3

221.0
221.2
218.9

238.1
238.6
237. 7
241.3

110
112
111
113

101
105
104
105

101
104
103
108

104.6
105.5

109.7
113.7
112.1

27.76
27.76
27.42

30.93

32.42
32.26
31.21

25.27
24.72
24.34

17.33
17.34
17.16

29.72
29.78
29.67
30.12

28.31
28.57

26.30
27.25
26.87

28.08
27.16

_ _

1939
January
February
March

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 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.
s Compiled by the Federal Reserve Bank, of Philadelphia from reports of about 1,000 plants each month in the States of New Jersey, Pennsylvania, and Delaware. Since
August. 1926, figures for New Jersey are from New Jersey State Department of Labor.
4 Compiled by the Illinois Department of Labor from reports of about 1,400 manufacturing establishments, employing about 400,000 people, taken from the pay roll nearest
the 15th of the month. Monthly data on earnings since July, 1922, were given in the July, 1928, issue (No. 83), p. 23.
s Compiled by the Industrial Commission of Wisconsin from reports of about 850 manufacturing establishments in Wisconsin. Monthly data on earnings from 1923
were given in the July, 1928, issue (No. 83), p. 23. Relative prior to 1923 are recomputed from old index on 1915 base.
e Compiled by the8 Oklahoma Department of Labor from reports9 of 710 establishments. Monthly data from 1924 appeared in the July, 1928, issue (No. 83), p. 24.
7 July, 1914.
Average of last 7 months of the year.
Average of last 6 months of the year.




113

Table 92.—PAY ROLL AND HOURS IN FACTORIES
[Index numbers for base year in bold-faced type]
PAY-ROLL INDEXES 1

Total,
13
groups

YEAE AND MONTH

Food
and
kindred
products

Textiles
and
their
products

HOURS
OF WORK 2

VehiIron Lum- Leather
Chem- Stone,
ber
Tocles Misceland
clay, NonPaper icals
lanebacco
for
steel
and itsand
and
finand
and
ous
ferrous3 manu- land
and
its
Nomi- Actual
ished print- other glass metals
indusfactranstheir manu- prodnal
ing
prod- prodture porta- tries
prodfacucts
ucts
ucts
tion
ture
ucts
Hours per week

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...
1928 monthly average

55.0
*50.0
49.7
850.0
49.9
49.7
49.9
49.8
49.6

51.5
48. 7
45.5
849.2
49.2
46.8
48.2
48.2
47.9

4

125.9
80.0
79.9
100.0
90.6
93.6
95.8
92.4
90.6

884.1
100.0
97.9
93.7
93.8
93.8
93.6

« 89. 3
100.0
86.8
89.5
85.9
88.5
82.1

675.5
100.0
86.6
90.6
97.2
89.3
90.2

« 88. 5
100.0
97.3
98.1
97.7
91.0
86.7

895.2
100.0
88.3
89.4
87.8
85.5
78.8

892.3
100.0
102.2
105.2
111.5
112.8
113.2

889.6
100.0
92.7
95.9
101.8
100.9
97.7

885.8
100.0
101.3
103.5
106.4
100 3
95.3

(6)
100.0
91.6
97.9
98.5
90.3
94.7

8 107. 9
100.0
95.6
92.7
87.7
85.2
82.0

878.1
100.0
87.5
93.5
92.8
85.0
91.2

881.9
100.0
90.6
94.6
101.9
102.8
93.7

95.6
95.5
91.2
94.6

91.8
93.9
93.5
93.5

83.1
81.4
76.2
80.6

98.2
98.4
93.0
94.8

98.3
100.0
95.4
99.6

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

96.8
94.7
88.3
94.7

100.2
100.3
97.0
99.5

49.9
50.0
49.6
49.6

48.1
47.9
47.6
47.5

95.1
98.6
95.4
95.6

96.3
97.9
95.8
95.2

82.9
88.1
84.8
89.2

96.0
99.4
96.0
96.3

100.2
102.0
100.0
96.4

93.6
93.6
87.4
86.0

110.8
114.2
115.0
116.3

102.5
104.6
103.6
103.5

108.1
111.2
108.9
104.8

93.6
98.0
95.7
95.6

89.1
92.9
91.9
89.8

91.3
94.2
87.9
82.3

99.3
105.3
102.9
109.7

49.6
49.8
49.6
49.4

48.4
48.6
47.9
47.8

1927
January
February
March
_
April

90.9
96.4
97.7
96.6

92.7
92.1
91.0
90.0

88.8
94.0
94.0
88.9

90.9
96.4
97.8
96.4

87.1
89.3
90.6
89.5

87.3
92.3

eo.o

84.2

112.7
113.3
114.2
113.0

101.9
106.0
110.0
109.5

91.8
98.2
102.8
105.8

91.9
95.2
97.9
91.3

77.6
80.6
82.1
79.0

73.6
88.8
91.3
93.1

107.2
109.2
111.4
113.3

49.5
49.5
49.6
50.4

48.2
48.6
48.5
48.1

May
June
July
August

95.6
93.3
89.1
91.0

92.7
96.4
95.5
93.7

87.0
86.2
83.5
86.5

93.5
91.8
84.6
87.1

92.7
92.7
89.4
92.5

81.8
82.5
86.7
93.3

112.6
111.0
109.0
110.6

100.2
100.0
95.1
96.4

107.9
105.6
96.9
100.7

95.1
91.5
86.9
88.3

84.6
87.8
86.7
80.8

94.2
85.8
81.4
85.8

109.3
104.9
99.5
96.6

49.6
49.6
49.7
49.5

48.3
47.9
47.3
47.8

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
99.8

49.5
49.5
49.4
49.5

47.8
47.4
47.1
47.3

85.8
90.0
91.2
89.9

91.9
93.7
92.8
88.9

85.4
88.1
86.9
80.5

80.2
87.9
89.9
89.2

79.5
82.9
85.6
86.3

81.3
86.1
85.0
73.9

113.8
113.0
113.1
112.3

95.8
98.2
102.5
102.8

87.0
89.6
92.7
95.7

83.7
89.7
90.7
91.4

79.1
79.3
80.2
74.6

77.6
88.3
92.0
93.2

95.1
92.0
92.1
93.8

49.5
49.6
50.0
49.3

47.9
48.0
48.2
47.4

June
July
August

90.1
90.2
87.4
90.2

91.0
93.3
93.7
92.2

78.9
78.7
75.1
77.6

91.5
90.7
86.6
90.2

87.5
88.1
85.4
88.0

71.7
74.6
80.1
84.7

112.2
112.4
110.4
110.7

94.8
93.4
93.2
94.5

98.8
98.7
93.4
99.7

93.4
92.3
88.9
95.2

78.0
83.2
78.7
82.3

94.8
92.6
89.1
94.5

91.2
93.7
90.9
91.1

49.4
49.7
49.6
49.6

47.8
47.7
47.5
47.9

September
October
November __
December

91.4
94.8
92.1
93.6

94.9
96.8
96.0
97.9

80.1
85.5
82.9
85.5

90.3
95.2
95.0
95.3

89.6
91.4
89.9
86.3

84.0
81.3
69.0
73.4

112.5
115.1
115.3
117.2

98.3
100.3
99.0
99.0

97.7
99.6
96.4
94.1

96.7
103.0
104.6
106.6

86.1
88.2
87.1
87.3

94.1
98.5
90.5
89.5

' 93.5
95.1
93.6
102.0

49.8

48.2
48.0
47.8

1936
May . _
June
July
August
September .
October
November
December

_

_ _ . __

_.

1938
January
February
March.
April

__

1939
January
February
March
April
May
June
1
Compiled by the U. S. Department of Labor, Bureau, of Labor Statistics, and represent weighted indexes of the amount of the pay roll at the date nearest the middle
of each month, for 52 industries combined into 12 groups as above. The groups are weighted in accordance with the aggregate earnings of the respective industries in 1919.
The 2 actual data are obtained from a varying number of reporting firms each month, the months of 1925 covering over 9,000 firms, employing almost 3,000,000 people.
Compiled by the National Industrial Conference Board from reports from 1,678 manufacturing plants employing 506,315 people in January, 1921, and representing 23
industries. The nominal hours per week represent the weighted number of hours the plants are supposed normally to operate, while the actual hours represent the average
man3 hours worked each week.
Includes enameled ware and brass, bronze, and copper products.
8
« Average of last 7 months of the year.
& Average of last 6 months of the year.
Data for this group not available in 1922.

28914°—29



-8

114
Table 93.—FACTORY OPERATIONS AND LABOR TURNOVER

Per
cent

Per cent of full time
491
93
95
97

<87
88
93
97

488
93
94
98

489
93
96
95

494
95
97
97

490
91
93
96

495
95
97
98

490
95
97
97

492
91
94
96

490
96
96
96

491

92
95
95

493
96
97
98

492
94
96
96

472
77
82
84

1926
May. _
June
July
August.-. __

93
92
96
97

88
88
95
96

91
88
92
94

94
93
97
97

95
95
97
98

90
90
93
98

96
96
97
97

95
96
98
99

93
93
98
97

96
95
96
97

93
94
96
98

97
96
98
98

%
94
97
97

September
October
November .
December

98
98
97
97

98
99
98
98

96
98
97
97

97
97
96
97

99
99
99
98

96
96
92
92

99
99
99
99

100
99
99
98

98
97
98
97

97
98
96
97

97
97
97
97

98
98
98
98

96
97
97
97

97
96
96
95

97
99
98
98

95
96
96
96

96
97
97
97

96
97
96
95

99
99
98
98

98
97
99
99

92
96
97
96

96
98
98
97

97
93
92
90

May
June
July
August

97
96
97
97

96
97
96
97

98
97
97
98

95
94
101
94

96
97
96
97

95
96
97
100

98
98
97
98

97
95
95
96

98
97
96
96

97
97
96
96

Se ptember
October
November
December

97
97
96
96

98
98
97
97

98
98
96
97

94
94
92
93

98
98
97
97

98
97
93
95

99
99
99
99

98
98
97
98

96
95
97
95

96
96
96
96

96
96
96
96

96
96
95
93

93
94
95
95

95
96
96
96

97
98
98
94

98
98
99
98

98
98
99
100

96
97
96
97

97
97
97
97

94
95
95
95

96
95
95
96

95
96
96
97

95
97
97
98

98
98
98
98

97
98
97

99
99
99

96
97
96

96
97
96

98
98
97

98
96
94

99
99
99

1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average
1928 monthly average

Discharges

Lay offs

1

Voluntary
quits

Separations 3
Accessions 3

Ratio, a c t u a l
time to capacity 2

Miscellaneous
industries

Vehicles for land
transportation

Tobacco manufacture

LABOR TURNOVER

N o n f err ou s
metals

Stone, clay, and
glass products

ing

Chemicals and
other products

Paper and print-

Leather and its
finished products

Textiles and their
products
Iron and steel
and their products
Lumber and its
manufacture

YEAB AND MONTH

Food and kindred products

Total, 12 groups *

TIME OPERATED

Per cent of number on pay roll
(annual basis)

54.4
40.2
44.5

47.1
41.5
37.0

32.0
37 0
34.5
27.0
25.7

80
78
83
84

60.0
57.2
54.2
65.9

50.6
46.2
53.0
51.8

37.7
35.3
38.9
40.0

5.9
6.1
7.1
4.7

7.1
4.9
7.1
7.1

98
98
97
97

86
86
84
84

69.4
57.7
40.2
27.1

58.4
43.6
40.2
30.6

47.5
31.8
25.6
20.0

4.9
4.7
8.5
7.1

6.1
7.1
6.1
3.5

98
98
98
99

96
96
96
97

83
84
85
85

36.3
41.7
43.2
47.5

40.8
36.9
42.5
48.3

23.1
21.8
29.8
32.4

12.3
9.6
6.4
9.7

5.4
5.5
6.3
6.2

91
94
95
95

98
98
98
99

96
96
95
96

84
84
84
84

48.0
45.0
37.8
39.6

44.7
43.9
35.7
36.4

31.9
29.1
24.4
23.0

7.6
8.0
6.0
8.5

5.2
6.8
5.3
4.9

95
95
95
95

96
97
97
97

98
98
98
98

'96
96
95
97

86
85
82
81

43.6
40.8
31.6
23.7

46.2
39.6
31.5
27.2

33.6
25.3
18.0
14.8

6.4
8.5
9.3
8.6

6.0
5.8
4.2
3.8

95
96
96
97

96
97
96
97

96
94
94
93

98
98
98
99

95
95
96
97

81
82
83
83

33.4
32.0
36.5
41.3

27.8
28.2
31.8
37.9

15.9
14.7
19.5
25.4

8.3
7.9
8.1
7.5

3.6
4.7
4.2
5.0

98
97
97
98

98
98
97
97

97
98
96
97

94
95
95
94

98
99
98
98

96
96
97
97

84
84
84
84

47.2
41.3
46.9
55.7

42.1
39.5
38.0
42.3

28.7
27.1
27.2
31.9

8.4
7.5
5.9
5.1

5.0
4.9
4.9
5.3

98
99
99

97
98
97

97
98
98

96
97
96

98
99
98

98
98
98

56.9
57.1
50.1
35.8

50.6
41.9
35.3
28.5

40.3
31.9
25.6
19.7

5.0
4.7
4.8
4.7

5.3
5.3
4.9
4.1

6.1
8.2
6.5

6.6
5.7
4.8

1927

January
February
March __
April
__

_
_-

_ _ _
1928

January
February
March
April
May
June
July
August

_ --

-

. -

_
- _-

September
October
November
December .

_
1929

January
February
March
April

_

. May
June

1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, from reports of over 9,000 firms, employing almost 3,000,000 people showing the percentage
of full time worked by the force actually employed. Details for individual industries of each group and percentage of firms operated at full time are given in "Employment
Selected
in Industries," issued each month by the Bureau of Labor Statistics.
2
These data, compiled by multiplying the percentage of capacity operat ed, 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 up to 135 companies employing about 600,000 wage earners for the period 1919-1925. Beginning with 1926,
data are from about 300 companies each month. Rates are based on median reports rather than arithmetic mean, to throw out exceptional cases. The annual turnover
rates were derived from the monthly rates by multiplying each month rate by 365 (366 for leap years) and dividing by the number of calendar days in the month represented. The total separation rate is the arithmetic sum of the last 3 columns. Monthly data on voluntary quits from 1919 appeared in the March, 1927, issue (No. 67), p. 25.
* Average of last 10 months of year.




115

Table 94.—FACTORY FORCES RELATIVE TO CAPACITY
VehiChem- Stone
Food Textiles Iron
Lum- Leather
Tocles Misceland
and Paper icals
and
clay,
ber
laneNonbacco
and
for
steel
and ferrous manu- land
kinfin- and
and
ous
their
and and its its
dred
ished
printother
glass
manutransindusprodmetals
*
factheir
ing
prodprod- prodprodfacture
portatries
ture
ucts
products
ucts
ucts
ucts
tion
ucts

Tota,,
groups1

YEAR AND MONTH

Per cent of full capacity
1924 monthly average 3 -_
1925 monthly average
1926 monthly average
1927 monthly average. _
1928 monthly average .

79
83
87
87

78
82
88
89

78
85
. 87
91

70
76

84
85
85
85

86
86
87
87

85
87
87
87

82
83

87
89
89
85

73
82
87
89

89
92
94
95

76
78
80
77

84
85
88
85

69
80
84
84

77
83
87
90

82
86
89
87

73
78
84
84

84
85
86
86

76
78
78
79

90
90
90
89

85
86
85
81

92
94
94
95

80
79
74
80

87
87
88
85

83
83
81
81

87
88
87
89

86
89
88
87

78
81
82
83

85
86
84
85

87
89
88
86

79
80
82
82

89
88
88
88

82
87
88
86

94
94
95
94

83
86
89
85

85
87
86
89

86
86
87
86

85
86
89
88

88
89
88
95

82
83
83
83

86
85
86
87

86
86
90
89

86
84
83
85

81
81
81
82

88
88
91
90

84
82
84
88

94
92
93
93

74
72
72
80

91
91
91
90

84
82
82
82

88
84
85
87

89
87
89
88

86
80
85
84

88
88
87
87

91
92
89
87

87
89
89
88

82
82
82
86

89
89
88
88

91
91
90
88

94
95
95
95

83
82
78
75

88
87
86
81

82
82
82
84

86
90
88
86

88
88
88
88

86
87
86
85

86
87
88
88

85
85
85
85

89
91
91
91

84
86
86
86

85
84
85
85

88
89
91
87

95
94
95
94

77
80
90
91

78
79
83
87

82
84
87
87

84
87
88
87

86
88
90
90

84
86
86
87

May
June
July
August

87
87
87
87

87
90
89
96

90
89
89
90

84
84
78
84

84
85
85
86

86
88
89
91

94
93
93
94

75
70
70
68

89
90
90
88

84
84
83
83

87
88
90
87

90
89
89
89

85
82
81
82

September
October
November
December

89
88
85
84

92
92
89
88

92
92
91
91

83
83
81
80

86
87
84
82

93
92
84
86

95
96
98
97

77
74
79
77

87
85
86
82

83
84
82
82

92
95
97
93

89
89
77
78

83
83
84
85

January
February
March
April

84
85
86
86

86
87
86
85

90
90
89
87

80
82
83
84

81
81
82
83

90
90
90
86

96
96
95
95

78
81
86
85

81
81
83
84

81
85
87
90

90
90
91
90

80
82
87
90

86
84
84
84

May
June. _
July
August- _

87
87
87
87

85
86
86
86

87
86
84
86

85
85
84
86

82
85
83
85

84
86
87
88

94
95
94
94

75
73
74
74

86
87
86
87

89
88
88
89

90
91
92
95

93
94
93
94

85
85
86
87

September
October
November
December

90
90
89

89
90
90

86
88
89

87
87
88

87
85
86

88
89
84

95
97
98

78
77
77

88
87
86

89
93
93

96
97
97

101
98
93

89
93
93

1935

October
November.
December
1926

January
February
March .
April

_ _

May
June
July
August

September
October.
November
December

_. _ __
_ .
1937

January _
February
March
April

_ _
_

1938

1939
January ._ __
February
March
April.
May
June

_
11

i Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, from reports of over 9,000 firms, employing almost 3,000,000 people, showing the percentage
of their capacity force employed each month. Details for individual industries of each group and percentage of firms operated at full capacity and at full time are given
Jn "Employment
in Selected Industries," issued each month by the Bureau of Labor Statistics.
1
Includes enameled ware, bronze, and copper products.
3
Average
of
last
10 months of year.



116
Table 95.—ADVERTISING AND MAIL DISTRIBUTION MOVEMENT
MAIL-ORDER
HOUSE SALES'

POSTAL RECEIPTS

Domestic < (50 principal cities)

Total 2

YEAR AND MONTH

Total, 2
houses

Montgomery
Ward
& Co.

Sears,
Roebuck
& Co.

Second
class 3
50
50
(quarselected industerly)
trial
cities
cities

Thousands of dollars
monthly average. $11, 276
monthly average. 11, 847
monthly average. 13, 502
monthly average. 17, 415
monthly average. 21, 448
monthly average. 23,206
monthly average. 30,332
monthly average. 30, 409

$7, 965
8,427
9,389
12,237
14, 856
16,544
21,494
21, 216

$3, 311
3,420
4,113
5,178
6,592
6,662
8,838
9,193

1921
1922
1923
1924
1925
1926
1927
1928

monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.

21, 162
22,887
29,182
32, 075
36,870
39, 330
41, 275
48, 277

14,832
15, 181
17, 962
18, 515
21,529
22, 725
24, 408
28, 914

6,330
7,706
11, 220
13, 560
15, 341
16, 605
16, 867
19, 363

40, 987
50,869
51, 229
59,494

24, 609
29,302
29,847
34,486

16, 378
21, 567
21, 382
25,008

1938
January
- .....
February
March
A-pril
- -

37,465
38, 392
41, 787
40,100

24,240
23,842
23,986
24, 159

May
June .. ......
July
August

40,074
44,848
40, 253
45,994
50,814
63,587
61, 628
74, 386

September
October
November

- -

.--

Paid

AIR

ING

MAIL

MagaNewszine 6 paper 7

patched 8

Thousands of
agate lines

Pounds

For. eign
«

Issued

Number

Value

Number

Value

Thousands

Thous.
of dolls.

Thousands

Thousands of
dollars

Weight
dis-

^,

•

1913
1914
1915
1916
1917
1918
1919
1920

1927
September
October
November
December

ADVERTIS-

POSTAL MONEY ORDERS

$2,525
2,598
2,684
2,898
2,860
3,367
5,051
5,914

6,313
7,248
7,149
6,784
7,773
8,098

$34, 812
40, 592
44, 863
50, 587
65, 356
72, 432

1,315
1,470
1,610
1,711
1,895
2,059

20, 759 9 $2, 157
22, 901
2,333
25, 085
2,593
2,809
26, 335
28,831
3,068
30, 605
3,274
31, 337
3,359
3,381
31, 445

4,898
6,851
7,233
7,386
7,664
8,202
8,141

8,211
9,409
10, 391
10,797
11,161
11,008
11, 120

64, 827
68,462
78, 913
84,515
81,288
87, 304
86, 490

30, 152
32,450
32, 799
40,823

3,291
3,395
3,331
4,448

7,585

10, 167
11, 659
11,954
13, 516

13, 225
14, 550
17,801
15, 941

30, 579
30, 547
34, 280
30, 758

3,438
3,482
3,670
3,348

24,203
25, 669
26, 276
28,986

15, 871
19, 179
13,977
17,008

31, 589
29,990
26,508
27, 951

3,276
3,094
2,956
3,115

30,004
37,002
36, 172
42, 434

20, 810
26, 585
25, 456
31, 952

29, 261
34, 196
31,713
39, 972

3,074
3,583
3,202
4,331

$13, 543
14, 611
17, 066
18, 380
20, 688

8,199

8,670

8,198

6,301

$11,467
12, 702
14, 657
17, 837
21, 713
25, 017

$8,526
6,781
4,464
3,667
3,230
,3,151
3,030
2,390

1 224
1,137
1,144
1,373
1,490
1,351
1,913

2,107
2,340
2,684
2,981
3,105
3,175
3,292

23,351
24,544
28,005
29, 831
31, 094
33, 176
34, 060

1,877
2,282
3,531
4,306
4,669
5,579
5,906

1,596
1,633
1,935

84,383
76, 574
97,863
102, 259

2,994
3,363
3,381
3,759

31, 667
35, 147
34,860
37, 452

5,925
5,515
5,745
11,524

2,272
2,756

10, 468
10, 645
12,356
10,941

78,220
78,887
92,750
84,068

3,416
3,340
3,764
3,417

34, 117
33,077
36, 739
33, 967

4,895
4,574
6,408
4,555

1,811
2,176
2,517

11,014
11, 145
9,627
10,183

86, 110
85,280
76, 227
81, 180

3,461
3,382
3,180
3,165

35, 277
34, 263
32, 812
32, 886

5,169
5,777
5,246
5,564

9,748
12, 020
11,593

79, 877
99, 310
94, 175

2,879
3,669
3,480

32, 382
37, 554
35, 718

6,142
5,405

2,458

2,004
2,178

2,443
2,482
2,449

61, 440
62, 671
61, 067
83,859
95, 832
86, 661
91, 131
97, 402
96,469
101, 916
105, 989
92, 936
99, 524

10 19, 948
88, 792

100, 039
114, 109
107, 248
104,997

146,486
153,649
141, 282
165, 768

2,926

95, 545
89,023
105, 595
107, 115

144, 289
153, 363
173,929
171, 028

2,918
2,571
2,140
1,755

105, 928
9h, 272
81,244
83,354

199, 409
210,957
214, 558
419, 047

2,279

99, 897
112, 783
110,012
105, 516

423, 991
465, 635
424, 465

2,912

2,553

2,871

2,845
2, 580

1939

April
May
June
1
2

Sales of two principal mail-order houses include Sears, Roebuck & Co.t and Montgomery Ward & Co.
Data from 17. S. Post Office Department, comprising receipts for transporting all classes of mail. The 50 selected cities cover the largest cities in the country, the
industrial cities comprising the 50 most representative industrial cities in the next largest group. The war revenue act of Oct. 3,1917, provided for an increase in the rate for
first-class letter mail from 2 cents per ounce or fraction thereof prior to Nov. 1,1917, to 3 cents per ounce or fraction thereof, from Nov. 1, 1917, to July 1,1919, and an increase
of the rate on postal and post cards froml 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
increases1on 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, ll/i cents, and since July
1,1919, 1 A cents per pound, these changes applying regardless of zone or distance, to portions of publications devoted to reading matter. For the advertised portions the
country was divided into eight zones, each with a graduated rate and its corresponding annual increase, beginning with July 1, 1918, and reaching the maximum on July
1,1921, making, for the first time, a differentiation between the rates on reading and advertising matter.
* Total of 50 cities transacting two-thirds of the total money-order business of the country from the 17. 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.
6
Compiled by Printer's Ink and represents magazine advertising lineage of leading magazines of the country. The data for the last four years cover the lineage in
dentical
magazines. For earlier years the magazines covered are not entirely identical but represent the field with equal thoroughness.
7
Compiled by the New York Evening Post from 22£dentical 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
Compiled by the 17. £. Post Office Department, showing total weight of mails dispatched. Monthly figures since the inauguration of the air mail in February, 1928,
appeared in the June, 1928, issue (No. 82), p. 22. Details for each route showing miles of route and service, frequency of trips and payments to contractors are given in the
department's
monthly statistical report on air mail.
9
6 months' average, July to December, inclusive.
1011 months' average, February to December, inclusive.



117

Table 96.—MAIL-ORDER AND CHAIN-STORE SALES
MAILORDER
HOUSES

GROCERIES

FIVE AND
TEN

WEARING
APPAREL

DRUG

CIGAR

SHOE

CANDY

With
With
With
With
With
With
With
With
seasonal
seasonal
seasonal
seasonal
seasonal
seasonal
seasonal
Actual seasonal
correc- Actual correc- Actual correc- Actual correc- Actual correc- Actual correc- Actual correc- Actual correction
tion
tion
tion
tion
tion
tion
tion

YEAR AND MONTH

Relative to 1923-1925 average
1919
1920
1921
1922
1923
1924
1925
1926
1927
1Q9R

45
66
59
69
85
97
118
143
174
208

93
96
67
73
92
98
110
115
120
137

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

36
52
59
64
83
98
119
149
189
225

53
64
66
74
88
99
113
125
138
150

64
78
79
82
93
98
109
126
143
166

72
96
95
93
98
100
102
111
110
107

53
73
75
77
93
101
106
114
119
125

76
91
86
86
93
101
106
113
115
125

1926
May
June
_
July
August

98
105
91
91

117
119
119
120

140
143
143
131

140
143
145
143

116
111
112
111

125
121
124
124

150
138
127
122

151
140
154
149

122
119
126
123

125
121
124
128

115
109
112
106

114
112
111
111

132
116
111
93

120
106
121
116

117
108
112
103

122
115
114
107

September
October _
November
Pficemhar

113
140
143
155

111
116
114
118

133
150
155
167

142
148
153
154

115
140
135
258

127
132
130
133

157
201
200
263

152
153
159
162

124
133
128
169

128
134
135
137

109
116
107
159

111
115
111
114

108
120
114
163

115
112
108
119

116
121
123
161

115
119
123
113

103
101
125
120

111
112
117
113

155
148
174
172

157
155
163
166

96
104
116
135

130
133
128
137

100
114
148
199

163
173
175
192

134
129
143
144

140
139
139
144

97
99
111
113

113
115
113
115

82
84
96
150

111
121
104
117

95
103
115
136

120
121
116
127

May
June
July
August . _

99
107
93
105

118
121
127
133

171
178
166
170

171
178
176
179

123
123
121
130

132
135
139
140

171
172
157
165

172
175
199
193

134
136
141
140

137
138
144
139

113
109
111
106

113
112
114
107

109
118
109
101

99
108
124
121

115
114
112
110

120
121
119
110

September
October _
November.
December.. _

118 '
147
149
167

122
117
119
128

171
190
188
204

182
187
185
188

128
153
146
279

141
144
140
147

198
250
250
350

192
191
198
215

137
151
144
182

141
152
152
148

106
111
105
156

107
109
109
111

108
121
118
178

115
112
112
130

119
124
125
164

118
122
124
115

105
108
125
115

113
115
113
117

187
193
226
202

189
194
213
203

104
115
133
135

140
142
142
147

121
137
200
195

197
201
224
205

146
148
163
155

153
153
158
161

90
96
107
100

105
107
109
105

87
86
117
130

118
120
119
109

100
106
119
130

126
120
120
125

115
127
112
127

132
144
153
160

214
208
198
205

206
209
209
215

139
139
128
136

144
153
148
147

221
216
180
197

213
219
228
230

164
162
163
169

161
164
167
169

110
108
100
104

105
111
103
105

130
147
116
110

113
134
132
132

127
122
117
123

127
129
125
122

143
183
176
208

154
140
141
165

200
228
218
220

222
216
214
211

144
164
158
305

165
151
151
164

246
289
289
413

248
213
229
258

164
169
169
224

177
164
178
190

105
107
107
155

111
102
111
115

131
126
130
184

146
113
123
140

122
134
130
170

127
127
129
125

1927
January
February
March
April

_

__

1928
January
February
March
April..

_

May .
June
July
August

*

September
October.
November
December

_.

1929
January . '
February .
March
_
April
May
June...

. ___
_

i Compiled by the Federal Reserve Board, Division of Research and Statistics, from reports of the following stores in 1927: 34 grocery chains with 29,433 stores and $1,359.371,361 in sales, 14 ten-cent chains with 2,944 stores and $560,773,589 in sales, 5 apparel chains with 1,080 stores and $198,672,838 in sales, 13 drug chains with 936 stores and
$120,222,701 in sales, 4 cigar chains with 3,471 stores and $110,119,595 in sales, 7 shoe chains with 625 stores and $43,183,331 in sales, 4 candy chains with 269 stores and $32,717,017 in sales, and 4 mail-order houses with $562,765,581 in sales. In the earlier years the number of chains was generally less, and changes are being made in the list aS
new chains are added, but the data are all related to the sales of the same chains in the base period. The seasonal adjustment allows for number of working-days in the
month (excluding Sundays and 6 national holidays), and seasonal eliminations are computed by the ratio-to-moving-average method; allowance is also made for the variation
in the date of Easter. Complete description of this index is given in the Federal Reserve Bulletin for April, 1928, pp. 232-242. Monthly data from 1919 appeared in the Mav
1928, issue of the SURVEY (No. 81), p. 20.




118
Table 97.—TEN-CENT CHAIN STORES
McCROEY
F. W.
WOOLWOETH S.S.KBESGE
STORES
CO.
CO.
CORP.

TOTAL *
(4 chains)
YEAR AND
MONTH

Sales

Average
per store Stores

Sales

Stores

s. e. KRESS
CO.

METROPOLITAN

F.&W.
GRAND

Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores

Thous.
Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. Numof dolls. Number of dolls. ber of dolls. ber of dolls. ber of dolls. ber of dolls. ber of dolls. ber

Thous.
of dolls.

Dollars

Number

av
av
av
av
av
av
av
av

$7, 972
8,544
9,582
11, 278
12,806
14, 520
16, 575
19, 575

$7, 909
7,839
8,086
8,398
8,820
9,680
10,728
12, 234

1,008
1,090
1,185
1,343
1,452
1,500
1,545
1,600

$5, 519
5,801
6,333
7,257
8,174
8,931
9,958
11, 741

684
737
805
920
1,000
1,039
1,081
1,111

$1, 105
1,341
1,745
2,200
2,508
3,026
3,556
4,270

100
118
140
161
165
169
171
188

$450
411
468
566
655
800
957
1,198

110
116
117
132
143
147
148
156

$898
991
1,036
1,255
1,469
1,763
2,104
2,415

114
119
123
130
144
145
145
145

$478
868

119
145

$661
735

19
19

1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av
1926 mo. av
1927 mo. av
192«mo. av

20, 561
23,344
27, 555
30, 922
35, 038
38, 111
41, 993
44,980

12, 560
13, 780
15, 199
15, 809
16, 968
17, 167
17, 302
16, 942

1,637
1,694
1,813
1,956
2,065
2,220
2,427
2,655

12, 302
13, 934
16, 120
17, 956
19, 912
21, 137
22, 729
23,944

1,137
1,176
1,261
1,364
1,420
1,484
1,588
1,727

4,655
5,433
6,820
7,508
8,831
9,935
11, 147
12, 280

199
212
233
256
298
368
435
506

1,195
1,423
1,781
2,103
2,465
2,801
3,278
3,419

159
161
167
176
181
199
221
228

2,409
2,554
2,834
3,355
3,830
4,323
4,838
5,421

142
145
152
160
166
169
183
194

538
520
615
652
732
917
1,023
1,130

84
83
68
68
72
81
91
109

305
360
452
548
711
875
1,074
1,430

1926
September
October
November
December

35, 202
42,913
41, 251
77, 508

16, 207
19, 586
18, 716
34, 911

2,172
2,191
2,204
2,220

19,339
24,802
22, 535
41, 349

1,471
1,482
1,484
1,484

9,439
10,935
10,957
20,451

345
354
362
368

2,543
2,916
2,937
6,039

189
187
189
199

3,881
4,260
4,822
9,669

167
168
169
169

872
1,048
1,010
2,139

81
81
81
81

1927
January
February
March ._ »_ _
April

29,651
31, 986
35, 578
40, 782

13, 338
14,254
15, 736
17,879

2,223
2,244
2,261
2,281

16, 117
17, 379
19, 601
22, 351

1,484
1,494
1,505
1,515

7,956
8,309
9,183
10, 788

370
376
382
388

2,286
2,763
2,864
3,314

199
201
202
205

3,292
3,535
3,930
4,329

170
172
172
171

655
693
801
1,000

May
June
July
August

37,560
37, 451
36, 901
39, 514

16,330
16, 185
15, 803
16, 832

2,300
2,314
2,335
2, 349

20, 916
20,407
20, 175
21, 400

1,528
1,533
1,546
1,552

9,602
10,064
9,791
10, 513

392
398
404
409

2,879
2,869
2,877
3,037

208
211
213
214

4,163
4,111
4,058
4,564

172
172
172
174

September
October
November
December

38, 744
46, 519
44,249
84,981

16, 338
19, 407
18, 325
35,013

2,371
2,396
2,415
2,427

20, 744
26, 034
23, 730
43, 898

1,568
1,584
1,588
1,588

10,422
12, 084
12, Oil
23, 044

413
419
427
435

3,022
3,332
3,236
6,857

215
217
219
221

4,556
5,069
5,272
11, 182

1928
January _ _
February
March ._ __
April

31,901
35, 363
40, 447
39, 765

13, 123
14, 457
16, 395
16,060

2,431
2,446
2,467
2,476

17, 114
19,001
21,839
21, 937

1,591
1,603
1,619
1,624

8,658
9,320
10, 855
10, 784

436
439
443
445

2,369
2,867
3,123
3,060

221
221
222
222

May
June
July.
August

42, 234
42, 097
38,764
41,050

16, 975
16, 778
15, 346
16,085

2,488
2,509
2,526
2,552

22, 997
22,400
20, 592
21, 812

1,634
1,652
1,658
1,675

11, 340
11, 834
10,583
11, 272

449
450
460
468

2,974
3,097
2,950
3,116

42,906
48, 992
46, 799
89, 445

16, 592
18, 735
17, 747
33,689

2,586
2,615
2,637
2,655

22,637
26, 895
24,660
45, 439

1,698
1,718
1,725
1,727

11,914
12, 925
13,034
24,844

474
481
492
506

3,344
3,471
3,444
7,216

1913 mo.
1914 mo.
1915 mo.
1916 mo.
1917 mo.
1918 mo.
1919 mo.
1920 mo.

- __ _..

September .
October
November
December

W. T. GRANT
CO.

$253
301
370
495
644
845

22
25
30
32
33
38

19
22
23
28
37
41
55

1,051
1,257
1,695
2,070
2,514
2,995
3,610
4,5&2

45
50
58
70
77
106
151
213

799
1,025
954
1,819

40
41
41
41

2,772
3,799
3,726
6,455

95
101
104
106

81
82
82
82

657
711
878
1,188

44
48
50
52

2,205
2,248
2,789
3,364

106
109
111
115

855
903
864
965

83
86
86
90

935
1,018
913
947

53
53
53
54

3,160
3,299
3,018
3,114

117
119
121
126

175
176
181
183

977
1,120
1,089
2,349

'90
90
91
91

1,005
1,223
1,140
2,267

55
55
55
55

3,282
4,275
4,366
8,205

130
135
145
151

3,760
4,175
4,630
4,984

183
183
183
185

692
752
912
918

91
91
93
93

800
901
1,128
1,172

62
63
64
65

2,624
2,843
3,707
3,656

154
158
161
172

221
223
224
224

4,923
4,766
4,639
4,850

184
184
184
185

972
1,027
908
985

93
94
96
97

1,153
1,259
1,205
1,236

66
70.
73
74

4,096
4,366
3,731
3,996

175
181
191
191

224
224
226
228

5,011
5,701
5,661
11,946

190
192
194
194

1,116
1,232
1,271
2,774

100
104
1C6
109

1,443
1,756
1,719
3,388

76
80

4,708
5,418
5,515
10,328

199
203
207
213

1929
January
February
March
April
May
June

.

1
This table is submitted in response to a demand for publication of the figures of sales of the large individual ten-cent chains, as compiled from published reports in
financial papers or as reported directly by the companies. Sales data represent the retail sales in dollar values of the ten-cent chains shown, while the annual figures of stores
operated represent not an average of stores in operation for the year, but the stores operated at the end of each year. Monthly data on sales from 1920 appeared in May,
1922, issue (No. 9), p. 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."
1
Includes F, W. Woolworth, S. S. Kresge Co., McCrory Stores Corporation, and S. H. Kress Co.




119

Table 98.—RESTAURANT AND OTHER CHAIN STORES
RESTAURANT CHAINS
Total, 3 chains
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.

J.R.
Childs Waldorf
Silver
Thomp- Isaac
Co. System,
& Bros.
son Co.
Inc.

Average Stores
Sales per
store
Thous.
of dolls.

OTHER CHAIN STORKS

Dollars Number

Thous. of dollars

$790

$375
448
571
696
746
937
1,063

A. Schulte, G. C. Murphy
Inc.
Co.
(cigars)

$220
297
402
701
1,240
1,778
2,398
3,569

45
67
80
117
165
192
197
312

$2, 465
2,492
2,587
2,985
3,576
4,336
5,172
6,637

$672
1,084

224
224

$120
171

45
53

224
224
250
255
268
292
299
299

186
225
329
419
540
713
853
1,010

63
62
75
85
88
92
113
133

$1, 091
1,294

8
8

965
1,173
1,503
1,638
1,468
1,565
1,472

9
10
16
16
17
15
19

3,887
4,086
5,183
6,188
7,539
9,640
12,664
14, 722

313
371
475
569
671
747
891
1,023

6,339
6,079
6,272
6,232
6,266
6,687
6,682
6,742

2,439
2,572
2,980
3,134
3,151
3,348

1,230
1,370
1,666
1,892
2,079
2,396
2,420
2,043

22
22
22
22

842
1,152
1,168
2,427

16
17
17
17

6,331
7,497
9,968
13, 721

800
807
826
832

5,723
5,715
6,500
6,652

3,109
3,096
3,102
3,112

2,204
2,362
2,542
2,592

294
294
294
294

551
608
693
871

92
92
92
98

410
430
415
394

21
21
21
21

1,841
1,245
1,066
1,706

17
17
17
17

11, 632
11, 617
10, 442
11, 000

838
842
842
854

6,774
6,471
6,593
6,447

3,105
3,106
3,115
3,143

2,493
2,471
2,447
2,225

290
296
296
297

733
732
735
736

98
100
103
107

1,161
1,224
1,185
1,262

430
509
513
1,065

22
22
19
19

1,919
1,478
1,312
1,505

18
18
19
19

13, 727
17, 166
17, 063
21, 800

884
889
890
891

6,473
6,822
6,534
9,475

3,139
3,143
3,148
3,151

2, 164
2,231
2,076
3,233

297
297
298
299

771
875
865
2,064

108
111
115
113

1,227
1,160
1,261
1,183

1,235
1,164
1,245
1,207

312
388
480
512

22
23
23
23

907
1,096
1,234
2,185

19
19
20
20

7,722
8,906
13, 134
12, 993

913
914
930
945

5,562
5,926
6,578
6,242

3,151
3,113
3,118
3,151

1,826
1,902
2,153
1,915

300
298
296
298

598
673
788
930

113
113
111
111

2,132
2,040
2,012
2,217

1,241
1,180
1,105
1,170

1,256
1,209
1,163
1,190

469
516
462
460

23
25
26
26

1,526
1,170
991
1,416

20
20
20
19

14, 830
14, 129
11, 734
12, 886

953
953
953
981

6,959
6,740
6,334
6,627

3,182
3,206
3,226
3,271

2,036
2,075
1,846
1,912

291
298
300
300

896
881
796
873

115
116
116
118

2,190
2,266
2,160
2,369

1,215
1,267
1,250
1,363

1,185
1,269
1,207

512
610
632
1,305

29
30
31
31

2,192

19

16, 477
19, 443
19, 301
25, 104

1,006
1,020
1,021
1,023

6,622
6,797
6,816
9,700

3,288
3,315
3,227
3,348

1,962
1,955
1,935
2,995

299
298
299
299

1,046
1,056
1,132
2,450

119
120
130
133

$14, 050

262

3,954
4,224
4,555
4,576
4,679
4,964
4,843

13, 972
13, 582
13, 972
13, 341
13, 681
14, 062
13, 302

283
311
326
.343
342
353
364

2,110
2,127
2,308
2,298
2,367
2,493
2,400
2,198

820
1,127
1,263
1,237
1,229
1,272
1,247
1,219

1,023
970
984
1,041
1,083
1,199
1,196

2 $170
202
233
266
329
397
468
555

26

1937
January
February. ._
March
April

5,029
4,591
5,049'
5,023

13, 931
12, 717
13, 948
13,914

361
361
362
361

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

May
June
July
August

4,849
4,625
4,565
4,862

13, 395
12, 776
12, 610
13, 360

362
362
362
364

2,402
2,281
2,256
2,462

1,225
1,171
1,154
1,217

1,222
1,173
1,155
1,183

SeptemberOctober
November..
December _ _

4,844
4,893
4,699
5,082

13, 235
13, 369
12, 804
13, 735

366
366
367
370

2,437
2,378
2,275
2,490

1,246
1,291
1,239
1,330

1928
January
February. _.
March
April

4,808
4, 511
4,785
4,561

13, 019
12, 258
13, 003
12, 394

369
368
368
368

2,346
2,187
2,286
2,171

May
June
July
August

4,629
4,429
4,280
4,577

12, 613
12? 003
11, 599
12, 404

367
369
369
369

SeptemberOctober
November
December..

4,590
4,802
4,617

12,541
13, 084
12, 512

366
367
369

__

United Cigar
Stores Co.

Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. Num- Thous. Numof dolls. ber of dolls. ber of dolls. ber of dolls. ber of dolls. ber of dolls. ber

$3, 681

1921 mo. av.
1922 mo. av
1923 mo. av.
1924 mo. av.
1925 mo. av.
1926 mo. av.
1927 mo. av.
1928 mo. av.

J. C. Penney
Co.
(clothing)

Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores Sales Stores

Sales

$710
718
756
898
1,141
1,228
1,384
1,828

liar tm a n ii
Corp.
(furnishings)

8
10
12
14
19
19
31

1929
January..
February
March .„
April
May.
June
1
Data compiled from published reports in financial papers or reported directly by the company to the U. 8. 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 Qinter 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 appearedin 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. Ill, and later data for Owl Drug in the August, 1927, issue (No. 72), p. 114. Monthly data for Q. C. Murphy Co. appear on p. 23 of the
February,
1928, issue (No. 78). Yearly data represent number of stores in operation at end of the year indicated.
2
7 months' average, June to December, inclusive.




120

Table 99.—DEPARTMENT-STORE SALES
INSTALL
MENT
SALES 3

VALUE OF SALES, BY FEDERAL RESERVE DISTRICTS 1
United States

YEAR AND MONTH

Unad- Boston
Adjusted justed

New
York

Phila- Clevedelphia land

RichSt. Minne- Kansas
mond Atlanta Chicago Louis apolis City 2 Dallas

San
Francisco

New
England

Per cent
to total

Relative to 1923-1925 average
78
94
87
88
98
99
103
106
106
108

1919 monthly average _
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average. _
1924 monthly average
1925 monthly average. .1926 monthly average
1927 monthly average. ..
1928 monthly average

78
91
89
92
98
100
102
105
106

76
91
87
89
96
99
105
109
111

79
93
89
91
101
99
100
102
98

77
98
86
87
100
99
101
103
105

84
93
89
86
97
99
104
107
105

94
113
96
90
100
98
102
106
107

82
85
98
98
104
111
112

90
89
99
98
103
105
103

93
105
97
93
99
99
102
99
97

95
100
95
95

98
117
97
90
96
100
104
109
106

68
83
79
83
96
99
105
110
113

5.2
6.2
6.7

il
|

1936
107
102
104
107

107
101
78
83

104
105
77
76

106
104
76
78

105
98
70
71

106
97
78
85

108
102
78
77

114
101
77
80

116
106
84
89

105
96
72
81

101
92
81
84

109
110
108
110

101
124
121
184

97
120
119
182

104
134
129
196

88
119
124
180

97
121
113
177

91
127
132
197

89
124
123
181

118
125
123
183

105
126
122
172

1937
January
February
March..
,
April

106
106
105
105

89
83
100
111

103
78
97
111

96
84
99
112

80
78
94
103

85
83
98
116

84
78
99
110

85
88
99
109

84
90
108
117

May
June .
July
August

103
104
103
111

102
101
75
89

100
110
74
84

102
109
74
84

94
97
65
73

105
99
78
93

103
100
72
80

108
99
76
86

September
October
November
December

108
106
107
111

100
119
122
186

99
115
120
182

106
128
134
201

83
109
120
174

95
113
112
176

91
121
126
195

1938
January
.
February
March
April _
_ _

105
105
105
103

88
85
103
102

98
78
96
99

94
89
102
103

75
75
95
90

85
85
101
101

May
June
July
August .

104
105
108
106

107
104
78
85

101
111
76
78

109
112
77
78

94
95
64
65

120
105
107
117

106
123
122
187

97
119
119

111
135
134

88
114
113

May
June
July
August,.

September
October..
November
December

September
October
November
December

_

. _

.. _

_

92
90
72
76

112
103
76
87

107
99
91
107

5.1
3.6
5.2
8.6

103
109
101
152

98
103
107
164

109
127
121
178

109
118
116
193

5.8
5.5
7.8
3.7

79
83
98
108

81
76
92
104

81
76
89
98

87
86
97
109

96
85
109
115

10.5
8.0
5.4
5.1

108
107
82
99

96
93
68
90

91
91
75
92

88
86
68
83

112
95
69
80

107
95
89
114

5.2
4.3
6.0
11.2

97
128
119
191

114
119
125
189

97
127
120
177

93
109
100
155

96
106
110
165

105
125
120
189

111
119
121
195

7.5
7.0
6.7
3.9

81
82
105
99

85
91
110
102

91
94
115
113

82
85
105
99

72
72
91
82

80
77
93
93

89
88
109
102

98
92
110
114

8.6
8.2
6.3
4.8

106
100
78
85

106
102
75
78

114
98
77
86

122
114
91
101

104
94
73
83

90
84
68
80

94
84
71
85

116
98
71
80

116
101
94
116

5.0
4.6
5.7
12.1

101
112
110

96
125
127

98
123
120

135
132
136

107
119
119

96
88
89

102
110
111

U2
125
126

113
129
118

7.5

'

1939
January
April
May
June
1
Compiled by the Federal Reserve Board, Division of Research and Statistics, from reports of about 560 department stores located in 250 cities, with total annual sales of
over$2,000,000,000. In all cities covered by the sample census of distribution, except Chicago, sales of reporting stores were over two-thirds of the total department-store
sales in each case. The index numbers are based upon aggregate values. The index for the United States as a whole is also shown as adjusted to allow for seasonal variations, differences in number of trading days, and variations in sales attributable to the movable Easter. Monthly data from 1919 appeared in the April, 1928, issue
(No. 80), pp. 20 and 21, while a complete description of the methods of compilation may be found in the Federal Keserve Bulletin for February, 1928.
21925 monthly average=100.
3 Compiled by the Federal Reserve Bank of Boston from reports of selected department stores in New England.




121
Table 100.—DEPARTMENT-STORE STOCKS
VALUE OF STOCKS AT END OF MONTH, BY FEDERAL RESERVE DISTRICTS
United States
Boston
UnAdjusted adjusted

YEAR AND MONTH

New
York

Phila- Clevedelphia land

St.
Richmond Atlanta Chicago Louis

Minne- Kansas Dallas
apolis City 2

San
Francisco

74
96
85
88
97
102
101
104
106

Relative to 1923-1925 average

82
82
93
103
104
105
101

90
111
94
93
99
100
101
96
89

99
100
114
113

89
120
97
91
97
102
101
95
88

95
102
107
107

93
97
106
111

91
96
104
104

100
113
120
119

88
95
102
104

96
100
106
109

98
92
91
92

102
99
92
101

104
101
99
103

101
95
89
92

116
108
107
114

99
90
86
93

106
100
98
101

106
117
119
96

103
110
108
88

108
116
117
96

111
118
117
96

97
99
99
80

119
126
125
100

100
103
100
79

107
113
118
97

87
96
105
106

91
97
107
107

90
. 100
108
110

92
97
105
105

90
95
102
103

81
87
94
95

96
109
116
115

77
85
92
93

97
102
109
110

98
92
89
91

102
98
93
97

103
96
93
92

103
92
91
96

101
95
93
99

102
97
95
97

91
84
83
87

112"
104
101
116

90
83
79
88

107
103
101
103

108
116
117
99

101
111
114
95

107
112
116
93

107
118
122
96

107
112
115
90

108
114
116
93

108
112
112
93

94
97
97
78

123
129
128
102

96
97
98
74

108
113
119
100

93
97
105
107

96
97
105
108

88
92
98
97

89
96
103
103 *

89
96
103
104

92
101
105
108

93
99
105
107

84
93
96
98

78
84
87
88

98
111
118
116

75
83
86
87

98
105
111
111

106
97
91
91

104
99
96
100

93
87
85
86

100
94
91
95

100
95
91
92

103
96
93
95

103
96
94
102

96
91
87
93

83
78
78
80

116
108
106
118

83
76
72
83

108
103
101
104

98
107
113

106
117
122

92
101
104

100
108
111

102
116
118

104
109
110

109
120
122

98
104
104

84
87
86

123
129
128

88
92
92

106
112
116

79
105
89 '
88
98
101
101
103
102
100

83 '
97
88
94
100
100
100
100
103

79
108
92
92
98
99
103
106
104

63
77
83
89
98
101
101
100
99

77
106
90
86
97
102
101
101
101

82
107
88
90
101
100
99
102
103

82
113
98
96
103
101
96
98
101

81
81
97
' 101
102
104
101

105
103
104
103

93
98
107
107

91
94
102
103

99
99
109
111

93
95
106
103

87
96
106
104

91
97
105
107

94
94
103
104

101
101
101
101

103
98
94
97

10196
91
90

107
101
98
99

98
94
88
93

103
98
92
95

102
98
92
92

103
103
104
102

107
114
117
96

103
111
117
98

109
116 .
121
101

103
113
118
98

106
113
117
94

103
102
103
102

92
97
106
106

91
95
105
107

98
97
107
109

91
95
105
103

101
100
101
101

103
97
94
97

106
99
95
95

105
98
95
99

103
103
103
102

107
113
116
96

106
113
118
101

103
101
100
100

91
97
103
104

99
98
99
100

101
95
92
96

98
100
100
98

101
110
113
92

1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthl y average
1925 monthly average
1926 monthly average
1927 monthly average _
1928 monthly average

1936
January
February
IVtarch
April
May
June
July
August

_

- --

_

September
October _
November
December

_

1937
January
February
March
April.
May
June
July
August

-

September
October _
November
December

1938
January
February
March
April
May
June__
July
August -

_-

-.

September
October
November.
December-.

I
I
1

'

1939
January
February
March
April

j

May._
June
1
Compiled by the Federal Reserve Board, Division of Research and Statistics, from reports of about 470 department stores, with 1925 stocks averaging $570,000,000 in the
aggregate. The index numbers are based upon aggregate values. The index for the United States as a whole is also shown as adjusted to allow for seasonal variations.
Monthly data from 1919 appeared in the April, 1928, issue (No. 80), pp. 20 and 21. while a complete description of the methods of compilation may be found in the Federal
Reserve
Bulletin for February, 1928.
2

1925 monthly average=100.



122
Table 101—WHOLESALE DISTRIBUTION
UNADJUSTED

ADJUSTED FOR SEASONAL VARIATION

Worn Boots
Wom- Boots
Total, GroDry Men's
Dry Men's
en's and Hard- Drugs Furen's and Hard- Drugs Furnicloth- clothcer- Meats goods
Meats goods
cloth- clothniware
ing ing shoes
ture lines ies
ing ing shoes ware
ies
ture

Total Grosales, cer-

YEAR AND
MONTH

lines

Index numbers relative to 1923-1925

99
98
94
95

145
121
80
83
94
96
110
115
108
113

•100
107
91
89
103
97
100
94
89
85

78
106
72
80
99
98*
103
95
92
91

93
95
84
90
109
97
94
70
68
62

140
125
99
97
104
98
98
101
104
98

96
116
80
86
102
97
101
100
95
93

91
95
86
87
97
99
104
107
108
113

73
85
102
93
105
102
100
99

91
91
91
107

94
102
99
98

118
120
112
116

85
81
83
117

57
47
75
163

43
34
28
62

100
91
95
119

103
102
98
100

98
99
100
103

96
88
87
104

99
99
97
97

97
99
98
97

118
117
110
114

97
91
90
96

91
93
88
101

78
83
54
45

99
96
118
108

100
98
100
99

105
106
105
106

101
100
106
102

117
111
97
84

109
107
102
94

125
123
112
106

122
104
98
71

148
105
61
44

101
111
45
42

126
113
104
76

109
109
100
93

116
125
112
100

117
121
112
95

100
94
98
95

100
95
96
96

117
110
116
113

97
90
99
89

97
83
82
87

70
69
66
66

103
90
99
94

101
97
102
100

109
108
111
107

104
101
107
101

86
91
103
90

86
81
94
90

113
107
104
104

78
88
95
76

65
123
148
85

71
95
.108
64

92
87
111
100

82
82
102
96

102
95
117
108

86
98
114
97

. 94
95
96
93

93
93
96
95

113
112
108
111

83
87
90
86

84
97
101
87

77
75
67
68

112
110
97
94

92
93
98
94

104
103
106
106

98
98
101
96

May
June _
July
August

88
87
88
111

95
101
92
97

109
106
104
111

76
78
81
125

52
46
78
165

39
28
43
98

111
85
107
122

93
96
90
98

98
99
100
110

93
90
84
101

95
93
95
100

97
98
91
97

109
104
102
109

87
88
88
102

87
90
90
101

69
65
79
72

110
90
134
111

91
92
92
97

104
106
105
112

98
102
102
109

September ._
October
November
December

'112
106
93
82

102
102
100
90

117
122
101
103

113
99
88
70

140
101
61
48

95
87
45
39

127
114
111
82

106
105
98
90

122
128
113
99

117
118
105
83

96
91
95
93

94
90
94
92

109
109
105
109

91
86
89
87

92
81
86
93

66
54
67
61

104
91
105
101

99
94
100
97

114
111
112
106

103
99
100
89

87
93
99
86

85
85
95
88

106
108
105
105

85
89
87
70

76
128
131
75

65
88
89
53

94
87
111
99

82
82
95
89

106
101
121
113

78
96
107
88

94
97
93
89

93
98
97
93

106
113
109
112

89
88
83
78

99
99
94
77

70
70
55
57

115
110
96
94

92
93
91
86

108
110
110
111

89
96
95
87

89
84
87
108

96
97
92
101

109
114
113
118

75
71
74
110

57
39
68
148

35
21
46
93

114
77
98
119

97
96
90
95

110
104
102
115

87
83
78
108

96
89
93
98

99
94
91
100

109
112
111
116

86
79
80
90

96
76
79
90

62
49
83
68

113
82
123
109

94
92
91
94

117
110
107
117

92
94
95
106

109
111
95
81

100
107
100
87

130
125
117
109

105
99
90
69

137
123
66
51

88
100
38
34

110
108
105
59

100
108
97
86

119
134
114
120

126
131
110
92

94
95
97
92

92
95
94
89

122
111
122
115

84
85
91
86

89
99
95
101

62
62
55
54

90
87
100
72

92
97
99
93

112
116
113
128

112
110
105
98

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
1928 mo. av

110
114
87
89
101
98
101
98
95
94

118
126
93
93
100

1926
May
June
July
August
September
October
November
December

1927
January
February
March
April

.

1928
January
.
February . _ _
March
April
May
June
July
August

_

September
October
November
December

101

1929
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 firms on
dry goods, 13 firms on men's clothing and 40 firms on women's clothing (both classes for the New York district alone), 89 wholesale dealers and manufacturers, 186 firms
on hardware, 92 firms on drugs, and 87 wholesalers and manufacturers on furniture, a total of 1,076 firms. Prior to 1923, fewer firms reported, but these differences are taken
care of in the construction of the index as percentages of the sales of identical firms between the given month and the base period (1923 to 1925). The various lines are
weighted in accordance with the manufactured value of the respective lines according to the censuses of manufactures of 1923 and 1925. A complete description of the construction of this index, including seasonal variations, is presented in the Federal Reserve Bulletin for December, 1927, p. 817. Monthly data from 1919 appeared in the
January, 1928, issue (No. 77) of the SURVEY, p. 21.




123
Table 102.—LIFE INSURANCE—NEW BUSINESS AND PREMIUMS l
(Association of Life Insurance Presidents)
PREMIUM COLLECTIONS
(new and renewal)

NEW BUSINESS

Ordinary

YEAR AND MONTH

Group

Industrial

Number
of
policies

Thousands of
dollars

Number
of
policies

Number ThouThou- Numof
of
sands of ber
sands of
condollars tracts certificates 2 dollars

Number Number
of policies of policies
and cerand
contracts tificates

Industrial

Ordinary

Total
Thousands of
dollars

Group

Total

Thousands of dollars

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly
1920 monthly

average
average
average
average
average
average
average
average

79, 514
78, 779
83,909
96, 311
110, 448
111, 640
180, 261
205, 276

$141, 450
138, 225
146, 792
181, 418
210, 087
219, 300
382, 644
464, 189

379, 819
410, 189
428, 559
414, 605
414, 443
433, 226
465, 248
499, 938

$51,909
55, 217
58,128
58,645
61, 484
66, 099
77,901
93,044

5
6
11
32
81
70
164
190

2,500
4,090
6,542
11, 739
25, 760
26, 266
39, 720
38, 491

$1, 736
3,790
3,927
6,560
14, 861
20,555
35, 465
35, 478

459, 338
488, 974
512, 479
510, 948
524, 972
544, 936
645, 674
705, 404

461, 833
493, 059
519, Oil
522, 655
550, 650
571, 133
685,229
743, 705

$195, 095
197, 231
208, 847
246, 623
286, 433
305, 953
496, 010
592, 711

$38,953
40,506
42, 262
45, 721
50, 485
54, 579
64, 348
75, 462

$10, 778
11, 580
12, 421
13,280
14,440
15, 807
18,088
20,342

$36
52
97
143
308
536
991
1,498

$49, 767
52, 138
54,780
59, 144
65, 233
70, 922
83, 427
97, 302

1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
1928 monthly

average
average
average
average
average
average
average
average

163, 313
166, 781
195, 841
196, 841
214, 168
219, 762
220, 229
248,640

381, 688
419, 585
502, 495
532, 347
616, 55]
650, 368
650, 367
683, 281

550, 065
582, 102
662, 259
703, 769
804,380
782, 247
823,700
866, 910

104, 813
118, 233
143, 338
163, 630
196, 598
213, 838
222, 278
224, 377

58
96
158
132
165
196
197
195

10, 299
21, 345
34, 847
29, 916
45, 533
62,690
41, 749
46,621

9,257
22, 885
43, 337
49, 814
83, 232
87,550
68, 698
111,361

713, 437
748, 979
858, 257
900, 741
1, 018, 713
1, 002, 205
1, 044, 126
1, 115, 745

723, 678
770, 229
892, 946
930, 525
1, 064, 080
1, 064, 699
1,135,678
1, 162, 171

495, 758
560, 703
689, 170
745, 790
896, 381
951, 757
941, 343
1, 019, 019

81, 424
89, 242
99, 631
110, 287
125, 119
130, 882
145, 026

22, 587
25, 751
30, 057
34, 178
39, 119.
44, 775
50, 189

1,545
1,621
2,092
2,618
4,625
4,893
5,420

105, 556
116, 614
131, 779
147, 083
168, 863
180, 549
200, 635

184, 843
219, 049
221, 457
273, 769

528, 186
608, 599
637, 273
806,066

714, 041
822, 459
870, 324
838, 577

197, 277
226, 523
235, 691
228,008

157
183
182
456

47, 743
44, 213
70, 363
214, 277

73, 456
62, 353
100, 448
262, 452

899, 041
1, 041, 691
1, 091, 963
1, 112, 802

946, 627
1, 085, 721
1, 162, 144
1, 326, 623

798, 919
897,475
973, 412
1, 296, 526

118, 023
125, 689
127, 489
154, 534

40,827
43,988
45,281
73, 947

3,783
4,735
4,327
7,683

162, 633
174, 412
177, 097
236, 164

187, 460
205,604
245, 374
246, 519

579, 026
626, 568
749, 543
738, 141

679,290
767, 121
890, 560
851, 905

185, 292
207, 217
241, 701
227, 279

192
176
178
176

51, 967
32, 452
64,803
30, 991

94, 445
46, 119
103, 057
46, 960

866, 942
972, 901
1, 136, 112
1, 098, 600

918, 717
1, 005, 177
1,200,737
1,729,415

858, 763
879,904
1, 094, 301
1, 012, 380

135,395
135, 969
159, 168
149, 993

45, 920
43,286
45, 534
45, 650

7,065
4,803
5,774
5,427

188,380
184, 058
210, 476
201, 070

233, 729
236, 429
216, 956
211, 482

704, 807
702, 860
627, 787
631, 740

902, 343
816, 966
732, 665
781, 361

241, 662
221, 780
200, 835
211, 157

197
189
161
138

30, 805
41, 042
29,100
30, 488

45, 683
67, 817
54,229
43, 977

1, 136, 269
1, 053, 584
949, 782
992, 981

1,166,877
1, 094, 437
978, 721
1, 023, 331

992, 152
992,457
882,851
886, 874

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

186, 090
212, 924
203, 629
256, 546

531, 210
607, 237
586, 694
718, 793

745, 664
992, 140
940,847
783, 539

200, 622
265, 974
252, 738
211, 076

115
148
208
491

13, 496
23, 797
27, 928
124, 123

31, 475
48, 625
76,960
165, 025

931, 869
1, 205, 212
1, 144, 684
1, 040, 576

945, 250
1, 228, 861
1, 172, 404
1, 164, 208

763, 307
921, 836
916, 392
1, 094, 894

131, 763
140, 041
145, 581
168, 114

45, 741
49, 272
48, 273
89, 926

4,317
5,792
4,862
6,448

181, 821
195, 105
198, 716
264,488

January
February
March
__
April

183, 511
212, 120
264, 939
228, 861

901, 786
580,462
846,745
655, 406
781, 122 1, 049, 955
980, 796
710,435

236, 303
221, 948
273, 551
259, 962

125
175
202
159

26,408
53,800
35, 788
36, 705

46, 841
91, 505
57, 986
62, 007

1, 085, 422
1, 059, 040
1, 315, 096
1, 209, 816

1, 111, 705
1, 112, 665
1, 350, 682
1, 246, 362

863,606
968,860
1, 112, 659
1,032,404

148,947
154,292
168,961
157, 836

54,564
48, 193
51, 013
50,691

7,618
17, 623
6,465
5,928

211, 129
220, 108
226, 439
214, 455

May
_

276, 180
198, 845
247, 376
242, 065

757, 879
755, 699
660, 062
626, 594

839, 453
840, 312
753, 773
740, 371

216, 396
214, 882
194, 642
193, 365

172
190
170
159

48, 839
51, 895
38,905
24, 605

205, 195
113, 711
74,196
56,926

1, 115, 805
1, 139, 347
1,001,319
982, 595

1, 164, 472
1,191,052
1, 040, 054
1,007,041

1, 179, 470
1, 084, 292
928,900
876, 885

165, 718
154,916
152,862
143,386

52,184
51, 509
53,072
50,228

5,930
5,574
7,296
5,705

223,832
211,999
213,230
199,319

September
October
November December

219, 388
263, 201
257, 589
289, 606

534, 112
659,844
667, 633
810, 127

770, 416
946, 284
782, 026
951, 002

198, 949
233, 530
202, 948
246, 045

120
157
203
510

52, 943
18, 911
42,358
128,296

277, 943
72, 119
53, 569
224, 330

989, 924
1, 209, 642
1, 039, 818
1, 241, 118

1, 042, 747
1, 228, 396
1, 081, 973
1, 368, 904

1,011,004
965, 493
924, 150
1, 280, 502

135, 743
154, 489
155, 032

49, 343
55, 961
49, 154

5,738
6,447
6,577

190,824
216, 627
210, 763

1926
September
October
November
December.-

1927
January
February
March
April

May

--

-- -

June .
July
August
_ _
September
October
November
December

_

..
_»

1928

June
July
August

._

1929
January
February
March
April _

_
i

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.




124

Table 103.—LIFE INSURANCE—ASSETS AND NEW BUSINESS BY DISTRICTS
ADMITTED ASSETS i

Mortgage loans
YEAR AND
MONTH

Grand
total

Total

NEW BUSINESS, ORDINARY INSURANCE2

Bonds and stocks (book values)

All Total
Farm other

Policy
loans United Eastern Western Western
Far
manu- manu- agricul- South- westand
Pubfactur- factur- tural
ern
Gov- Rail- lic All pre- States,
total
ern
ing
ing
ernother mium
notes
ment road utilities
Thousands of dollars

Millions of dollars
1921 mo. av__
1922 mo. av
1923 mo. av_.
1924 mo. av__
1925 mo. av_.
1926mo.av._
1927 mo. av_.
1928 mo. av .

$154, 321
174, 242
208, 526
234, 969
267, 430
279, 875
286, 505
304, 005

$90, 152
98, 380
121, 194
128, 465
144, 071
152, 474
158, 233
167, 127

$81, 074
78, 899
90, 912
93, 252
107, 277
110, 174
107, 241
112, 095

$57, 145
61, 645
72, 403
73, 374
85, 312
88, 133
87, 492
87, 933

$42,400

$30,847

459, 292
549, 296
591, 172
672, 286
700, 730
710, 962
744, 722

46, 126
56, 261
61, 112
68, 197
70, 075
71, 491
73, 561

28, 421
30, 487
32, 597
35, 406

48,390

$425, 092
$7, 409
8,091
8,944
9,935
11,043

$2, 694
3,138
3,607
4,211
4,829

$1, 261
1,405
1,496
1,564
1,613

$1, 432
1,734
2,111
2,647
3,216

$3, 327
3,428
3,653
3,887
4,151

$1, 219
1,119
1,053
971
922

CANADIAN
SALES,
ORDINARY 3

$1, 750
1,849
1,975
2,117
2,230

$281
365
521
686
852

$77
95
105
113
147

$928
995
1,070
1,177
1,308

39,304
41, 870

1936
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

715
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

104, 268
100, 446
102, 894
133, 132

76,904

62, 226

34, 878

81, 621
84, 462
112, 856

66,326

40,226
44,251

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, 734
293, 294
356, 736
316, 582

133, 912
145, 932
183, 761
173, 372

86, 167
95, 686
121, 369
114, 529

66, 112
77, 258
92, 094
93, 904

61, 685
83, 035

80,064

41, 631

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

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

44, 553
45, 298
39, 962
38, 360

September.. 11, 268
October
11, 381
November . . 11, 484
December. __ 11, 597

4,941
4,982
5,019
5,062

1,620
1,621
1,620
1,618

3,321
3,361
3,399
3,444

4,216
4,262
4,323
4,374

919
928
940
934

2,259
2,268
2,287
2,299

887
911
942
974

151
155
154
167

1,338
1,347
1,358
1,369

606, 760
659, 375
662, 688
833, 944

237, 184
257, 543
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

60, 913
67, 083
67, 631
83, 529

35, 302
48, 104
44, 935
48, 899

1928
January
February
March
April

5,103
5,129
5,153
5,199

1,615
1,613
1,604
1,602

3,488
3,516
3,549
3,597

4,417
4,454
4,506
4,563

938
939
939
943

2,311
2,329
2,345
2,359

1,004
1,017
1,050
1,064

164
169
172
197

1,383
1,396
1,412
1,426

609, 228
731, 145
832, 250
769, 263

261, 898
318, 664
343, 463
314, 944

130, 338
160, 185
185, 240
165, 567

90, 662
104, 811
127, 286
119, 317

68, 847
81, 213
96, 766
94, 128

57, 483
66, 272
79, 495
75, 307

47, 569
40, 290

5,241
5,292
5,338
5,382

1,601
1,600
1,601
1,602

3,640
3,692
3,737
3,780

4,605
4,621
4,665
4,704

928
905
916
927

2,372
2,390
2,397
2,411

1,097
1,112
1,128
1,138

208
214
224
228

1,442
1,459
1,472
1,486

834, 557
805, 695

85,056

273,055

128, 946
121, 089
107, 659
104, 287

81, 687
77, 794
71, 342

702, 275

180, 589
176, 121
163, 694
163, 568

99, 513
96, 796

700,939

343, 822
333, 895
273, 188

86, 288

75,077

49, 870
51, 844
49, 492
43, 503

5,429
5,484
5,517

1,604
1,606
1,603

3,825
3,878
3,914

4,718
4,752
4,816

930
939
949

2,406 1,151
2,410 1,163
2,437 1,180

231
240
250

1,497
1,510
1,523

578, 193
764, 577

218, 788
316, 574
296, 988
352, 806

136, 379
176, 739
167, 479
199, 625

90, 916
112, 916
104, 294
132, 957

May
June__
July
August

11,704
11, 796
11, 893
12, 001
12, 107
12, 197
12, 312

12,406

September _ _ 12, 510
October
12, 634
November . _ 12, 742
December...

722,495
886, 048

254,111

67, 673
87, 467

58,060

71,371

60,739

85, 408
81, 768
108, 046

72, 940
71, 986
92, 614

47, 366

36, 986
35, 525

42,883

44,823
47, 156

38, 872
55, 743
54, 865
56, 647

1929
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 and unpaid premiums, etc. Of the bonds and stocks, approximately 98}^ per cent are bonds and 1^4 per cent are stocks. A compilation of the mortgages owned by 57 life insurance companies, by States, as of Dec. 31, 1925, appeared
in the
September, 1926, issue (No. 61), p. 26.
2
Represents data on ordinary life insurance only (thus excluding industrial and group insurance) compiled by the Life Insurance Sales Research Bureau from 81 insurance companies who held on Jan. 1, 1927, 90 per cent of the total ordinary legal life reserve in force in the United States. Monthly data for 1921 were given in the April,
1924, issue (No. 32), p. 56. The Eastern Manufacturing district includes Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New
Jersey, and Pennsylvania; Western Manufacturing district—Ohio, Indiana, Illinois, Michigan, and Wisconsin; Western Agricultural district—Minnesota, Iowa, Missouri,
North Dakota, Texas, South Dakota, Nebraska, Kansas, Arkansas, Louisiana, and Oklahoma. Southern district—Delaware, Maryland, District of Columbia, Virginia,
West Virginia, North Carolina, South Carolina, Georgia, Florida, Kentucky, Tennessee, Alabama, and Mississippi; Far Western district—Montana, Idaho, Wyoming,
Colorado,
New Mexico, Arizona, Utah, Nevada, Washington, Oregon, and California. Data on lapses are presented on p. 138 of the present issue.
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,




125
Table 104.—BANKING
CONDITION OF FEDERAL RESERVE
BANKS * (end of month)

CHECK PAYMENTS

YEAR AND
MONTH

In New Outside
New
York
York
Cityi
Cityi

Canada 2

Bills Notes Total
in cirdiscount- cula- investments
tion
ed

Total
reserves

Total
deposits

Reserve
ratio

CONDITION OF
REPORTING MEMBER
BANKS 3
(end of month)
Total
Total
Net
loans
demand
and dis- investments
deposits
counts

Per
cent

Millions of dollars

Per
cent

Mills, of dolls.

7 $696
1,157
977

$3,364
4, 230
4,617
4,968
5,464
5,579
5,984
6,525

10, 178
10, 855
11,143
12, 065
12, 892
12, 976
13, 301
13, 536

$3, 123
3,646
5,215

8.76
8.30
9.19

774
1,319
1,391
1,565
2,336
2,704
3,137
4,418

2,636
2,800
3,091
3,259
3,491
3,718
4,020
4,290

14,942
15, 029
15, 214
15, 433

6,042
6,065
6,329
6,386

13, 230
13, 464
13, 954
13, 786

3,915
3,946
4,092
4,433

8.22
8.57
8.43
8.91

3,306
3,372
3,511
3,718

4,090
4,085
4,097
4,166

73.7
74.1
73.8
70.2

15, 265
15,.143
15, 442
15, 951

6,575
6,558
6,627
6,637

13, 888
13, 716
13, 523
13,946

4,420
4,323
4,640
4,908

8.99
8.91
8.86
8.95

3,816
3,722
3,825
4,282

4,193
4,204
4,252
4,262

2,408
2,459
2,402
2,325

68.9
65.4
68.6
69.5

15, 893
16, 089
15, 861
15, 729

6,683
6,647
6,589
6,405

13, 628
13, 574
13, 186
12, 871

5,274
4,898
4,837
5,051

9.46
9.25
9.00
8.80

4,469
4,307
4,259
4,235

4,253
4,301
4,283
4,299

2,414
2,419
2,411
2,564

66.8
67.2
65.2
61.9

15, 952
16,067
16, 260
16, 963

6,401
6,430
6,375
6,376

13, 226
13,368
13,460
14,041

5,514
5,880
6,392
6,440

9.29
9.62
9.66
9.54

4,570
4,907
5,290
5,330

4,352
4,345
4,334
4,406

$144
231
466
592
685

$384
586
1, 261
1,991
2,190
2,126

$1, 154
1,738
1,937
1,922

94 6
83.5
75.6
57.0
50.2
43.5

17, 258
19, 988
19, 866
21, 961
26, 114
28, 255
32, 630
41, 684

15, 995
16, 626
18, 777
19, 013
21, 368
22, 426
23, 455
25, 517

1,401
1,304
1,392
1,367
1,346
1,414
1,642
1,949

1,755
550
751
362
500
581
447
880

2,664
2,215
2,239
1,866
1,689
1,707
1,714
1,654

338
618
399
583
646
627
688
613

2,672
3,149
3,192
3,196
2,869
2,955
3,111
2,807

1,744
1,851
1,941
2,111
2,247
2,286
2,358
2,432

61.4
77.5
76.4
80.4
74.8
74.1
76.5
68.8

$11, 927
10,953
11, 788
12, 343
13, 450
14, 141
14, 696
15, 885

1927
September .
October
November..
December..

33, 369
34, 091
33, 282
38, 938

22, 533
25, 111
23, 803
26, 503

1,583
1,849
2,159
2,311

430
379
477
609

1,706
1,717
1,717
1,813

737
862
903
990

3,126
3,067
2,940
2,862

2,390
2,404
2,413
2,473

76. 3
74.4
71.2
66.8

1928
January
February. -_
March
April

37,884
32, 740
44, 786
41, 778

25, 007
21, 755
25, 847
25, 225

1,871
1,665
1,812
1,729

423
493
524
757

1,577
1,588
1,567
1,591

812
752
733
656

2,971
2,974
2,931
2,868

2,452
2,426
2,404
2,494

May
June
July
August

45, 270
45, 455
35,085
35, 102

26, 346
27, 029
23, 897
23,401

2,279
1,746
1,896
1,813

944
1, 191
1,086
1,039

1,593
1,660
1,613
1,651

525
430
378
394

2,757
2,693
2,756
2,, 765

September __
October
NovemberDecember. .

38, 726
45, 189
45,469
52, 727

24,450
27, 705
25, 880
29, 659

1,681
2,395
2,376
2,121

1,026
932
990
1,151

1,704
1,710
1,766
1,829

545
671
716
738

2,751
2,773
2,722
2,719

1921 mo. av.
1922 mo. av,
1923 mo. av_
1924 mo. av.
1925 mo. av.
1926 mo. av.
1927 mo. av.
1928 mo. av.

value

$9, 260
10, 576
11, 302

$17, 598
20, 133

$89
185
606
1,911
2,618
3,154

$20, 343
20, 119

(end
mo.)
N.Y.
By New State
York 5 savings
Ratio banks
banks °
Total to mkt

$1, 725
1,772
1,805
1,918
1,989
2,017
2,223
2,465

$29
24
224
1,158
1,936
2,557

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

SAV.
DEPOSITS

To N.Y. Stock
Exch. mem.4

Millions of dollars

$775
659
637
859
1,021
1,115
1,351
1, 632

1913
1914
1915
1916
1917
1918
1919
1920

BROKERS' LOANS
(end of month)

1929
January
February. __
March
April
May
June

* 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. The figures given are combined from weekly totals, the first and last weeks of the month being prorated. Data
for individual
cities were presented in the October, 1923, issue (No. 26), pp. 51 to 55, and in the October, 1926, issue (No. 62), pp. 22 to 24.
2
Canadian check payments are represented by bank clearings, showing volume of check transactions passing through 16 clearing houses as compiled by Bradstreet's.
3 Condition reports, showing respectively the combined condition of the 12 Federal reserve banks and the condition of over 800 member banks of the Federal reserve
system, are compiled by the Federal Reserve Board. The condition is given as of the last Wednesday of the month, but prior to April, 1921, figures are of the last Friday of
the month. The reserve ratio represents the percentage which total reserves (mostly gold) form of the combined deposit and Federal reserve note liabilities. Prior to
March, 1921, net deposits were used instead of total deposits in calculating reserve ratios. Monthly data from 1920 on condition of Federal reserve banks may be found
in the
May, 1922, issue (No. 9), p. 123, except for investments, which are given in the September, 1922, issue (No. 13), p. 47.
4
Compiled by the New York Stock Exchange from reports of all its members as to their net borrowings on collateral outstanding at the end of each month from banks or
agencies in New York City. These data include borrowings for out-of-town branch and correspondent offices. These security loans are used to carry securities not only
for customers but also for investment distribution. Details as between banks and other agencies and between demand and time loans are given in the exchange's monthly
reports. The ratio to market value is based on the market value of all stocks listed on the New York Stock Exchange on the same date computed from actual sales. Monthly
data from 1926 are given on p. 138 of the August, 1928 issue (No. 84).
* Compiled by the Federal Reserve Board from reports, beginning with 1926, of 61 identical reporting member banks in New York City on their collateral loans to brokers
and dealers on the last Wednesday in each month (not confined to members of the New York Stock Exchange). Details as to the account for which loans were made (for
out-of-town banks, or others), differentiating in each case between call and time money, are given in the board's weekly press releases. Prior to 1926, the figures are based
on daily reports of 43 banks, a few of them nonmembers of the Federal reserve system, and did not include for some banks the loans to dealers in securities. However, the
figures are fairly comparable. Prior to April, 1921, the data represent the last Friday in each month, instead of the last Wednesday. Complete weekly data in detail from
1917 6were published in the November, 1926, issue of the Federal Reserve Bulletin, pp. 779-786.
Compiled from data furnished by the Savings Bank Association of the State of New York, comprising all savings banks in New York State at semiannual periods, 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
3 months' average, October to December, inclusive.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

126
Table 105.—GOLD, SILVER, AND MONEY
GOLD

Imports i

YEAR AND MONTH

Ex-

ports l

Monetary
stock
OfU.S.2

Thousands of
dollars

Millions
of dollars

SILVER
Domestic
Rand 4
receipts output
at mint a
Fine ounces

Stocks, end
of month «

Production 5

Im-

ports i

Exports! United
States Canada Mexico U.S.

Thousands of
dollars

Price

in

New 4
Can- York
ada

UNITED
STATES
MONEY
IN
CIRCULATION^

Dolls,

Millions
per fine of
dollars
ounce

Thousands of fine ounces

1913
1914
1915
1916
1917
1918
1919
1920

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

$5,309
4,782
37,663
57, 166
46,038
5,170
6,378
35, 729

$7,650
18, 551
2,619
12, 999
30,990
3,422
30, 682
26.841

148, 050
155,083
157, 830
133, 597
112, 495
86,472
71,093
62, 377

732, 779
698, 275
757, 823
772, 128
951, 855
701, 722
694. 174
679, 801

$2, 989
2,163
2,874
2,689
4,445
5,948
7,451
7,338

$5, 231
4,300
1,467
5.883
7,011
21, 071
19. 918
9,468

5,567
6,038
6,247
6,201
5,978
5,651
4,723
4,714

1921
1922
1923
1924
1925
1926
1927
1928

monthly average. __
monthly average. __
monthly average.—
monthly average- __
monthly average. ._
monthly average. __
monthly average. __
monthly average

57,604
22, 931
26,893
26,643
10, 690
17, 792
17, 295
14,075

1,991
3.073
2,387
5,137
21,887
9,642
16, 788
46, 730

4,060
4,438
4,383
4,452
4.564
4,207

80, 183
86,314
84,044
90, 234
87, 693
85, 390
81, 077
81, 776

676, 216
585,009
761,088
799, 803
799, 975
830, 238
844, 219
863, 153

5,270
5,901
6,204
6,162
5,383
5,800
4,589
5,677

4,298
5,234
6 039
9,158
8,261
7,688
6,302
7,282

4,477
4.623
5,514
5,362
5,115
' 5,077
4,951
4,693

1.084
1,416
1,418
1,412
1,395
1,771
1,730
1,700

5,372
6.756
7,568
7,620
7,743
8,191
8.715

1,091
446
459
719
453
542
384
510

655
636
409
544
442
839
701
741

.621
.675
.647
.668
.691
.621
.564
.582

4,821
4,879
4,870
4,924
4,892
4,783

1927
January . __
February
March
April

59, 355
22,309
16,382
14,503

14,890
2,414
5,725
2, 592

4,527
4,576
4,595
4,601

80, 777
65,999
73, 822
68,531

839, 782
779, 339
860, 511
824, 014

5,151
3,849
4,308
3.815

7,388
6,233
6,077
6,824

5,196
4,979
5,104
4,712

1,459
1,733
1.525
1,716

8,559
6,930
8,332
7,737

700
207
212
602

1,300
391
1.023
723

.558
.579
.553
.564

4,903
4,843
4,856
4,880

May
June
July
August

34,212
14, 611
10,738
7,877

2,510
1,840
1,803
1,524

4,651
4,606
4,575
4,585

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
2,388

7,791
9.244
9,197
9,372

231
284
904
508

602
474
847
624

.563
.568
.564
.547

4,860
4,831
4,851
4,849

12,979
2,056
2,082
10. 431

24,444
10,698
55,266
77,849

4,584
4,566
4,490
4,416

103, 240
97,103
91, 840
75, 575

842. 118
855, 743
848, 059
851, 225

4,992
5,069
5,102
3,770

6,627
5,945
5,634
7,186

4,691
4,980
5.010
5.015

2,023
1,696
1,739
1,723

7,909
8,273
10, 794
10, 437

293
178
136
353

761
494
567
608

.554
.560
.575
.580

4,917
4,934
4,936
5,049

38, 320
14,686
2,683
5,319

52, 086
25,806
97,536
96,469

4,377
4,373
4,335
4,287

73, 624
72, 119
67,872
65, 166

843, 857
816, 133
877, 380
825, 907

6.305
4,658
5 134
4,888

6,692
7,479
7,405
6,587

4,980
4,490
5,333
4,668

1,433
1,272
1,469
1,388

7,955
7,572
10, 861
8,904

574
170
461
128

1,141
547
803
550

.571
.570
.572
.574

4,785
4,709
4.710
4.730

1,968
20, 001
10, 331
2,445

83,689
99, 932
74, 190
1,698

4,207
4,119
4,113
4,118

75,983
70, 205
72, 676
98, 769

886, 186
862,363
867, 211
891, 863

4,247
6,221
6,544
6,496

6,712
7,456
6,160
9,246

4,574
4,945
3,915
4,776

1,222
1,401
2,389
2,252

9,547
6, 821
8,299
8,727

133
479
262
263

456
707
430
720

.603
.600
.592
.589

4,722
4,736
4,746
4,743

4,273
14, 331
29,591
24,950

3,810
992
22, 916
1,636

4,125
4,133
4,151
4,142

83,247
121, 539
102, 893
77,220

857, 731
897, 720
872, 484
859,000

5,739
7,319
5,448
5,120

6,229
7,252
7,674
8,489

4,087
4,352
4,756
5,438

2,177
2,051
1,459
1,890

9,138
8,514
8,643

872
856
905
1,011

1,457
718
346
1,011

.575
.581
.580
.573

4,804
4,837
4,860
5,008

. ....
_
......

September
October
November
December

„

1928
January
..
February
March
April
May
June
July
August

....

_

...

September
October
November
December

.

$0.598
. 548
.497
.657
.814
.964
1. Ill
1.010

1929
January

.

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 figures are based on the daily monetary gold stock. Complete
details are shown in the Federal Reserve Bulletin for December, 1927.
3 Domestic receipts or unrefined gold at U. S. mint from U. S. Treasury Department, Bureau of the Mint.
4
Silver prices, representing daily averages for the month in the New York market, and gold output from the Rand mines from the Engineering and Mining Journal.
5 Production of silver by mines and producers' stocks from American Bureau of Metal Statistics, except annual figures previous to 1921, which are from U. S. Department
of Interior, Geological Survey. The United States, Canada, and Mexico combined produced about 75 per cent of the world's output of silver in 1923. Production for both the
United States and Canada includes purchases of crude silver by the mints in each country. Canadian production is incomplete, as the silver contained in blister copper,
lead bullion, and lead and zinc ores exported is omitted. Mexican production is reported to the bureau by the Mexican Government, and covers refined silver received at
the mint for coinage, refined silver exported, and silver content of base bullion, blister copper, ore concentrates, etc., exported. Detailed data are contained in the bureau's
monthly reports. Monthly data from 1921, except on production in the United States, appeared in the February, 1927, issue (No. 66), p. 25. ,
6 Compiled by the U. S. Treasury Department and representing all money held outside the Treasury and the Federal reserve system, including gold and silver coin and
certificates, minor coin, and notes. Details by classes of money are presented in the monthly circulation statement of the Treasury. These figures are based on the daily
volume of money in circulation. A complete description of the revised computation is presented in the Federal Reserve Bulletin for December, 1927.




127
Table 106.—PUBLIC FINANCE, INTEREST RATES, AND BOND YIELDS
UNITED STATES GOVERNMENT FINANCES i

INTEREST RATES

BOND YIELDS

Stock
Exchange

Gross
debt,
end of
mo.

YEAR AND MONTH

Mills,
of dolls.
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
19 19 monthly
1920 monthly

av__.
av
av__.
av__.
av
av__.
av__.
av

Customs
receipts

Total
ordinary
receipts

Prime
Prime bankers'
OrdiCall Time coml.
acnary
paper ceptloans
expendi- re- loans
ances
mos.
tures
90
90
new- days
(2)
days
al
2
2
(
)
()
(2)

Fed. Inter?
med.
land credit
banks
4
banks
()
0)

Thousands of dollars

$1, 193 $26, 512
1,188 24, 344
1,191 17, 439
1,225 17, 636
18,832
2,976
12, 244
15,000
15, 371
25, 482
24, 298 26, 909

$60, 315 $60, 474
61, 195
61, 282
57, 972
63, 353
65,003
61, 250
94, 037
165, 025
305, 382 1, 058, 153
429, 355 1, 543, 575
557, 880 540, 174

3.26
3.72
1.98
2.57
3.33
5.24
6.27
7.78

4.64
4.37
2.85
3.25
4.62
5.90
6.17
8.26

7.46

65.05
5.45
5.50
6.08 5.50

25, 714
29, 704
46, 827
45, 470
45, 630
48,286
50,458
47, 415

468, 744
342, 425
333, 928
334, 337
315, 012
330, 813
344, 116
336, 862

461, 517
316, 275
308, 123
292, 223
294, 137
298, 749
291, 132
303, 627

5.98
4.29
4.85
3.08
4.20
4.50
4.06
6.04

6.45
4.63
5.17
3.75
4.27
4.61
4.34
5.85

6.56
4.48
5.01
3.88
4.03
4.35
4.11
4.86

5.24
3.51
4.10
2.97
3.29
3.59
3.45
4.09

5.88
5.71
5.50
5.50
5.46
5.30
5.11
5.05

1937
September
October
November
December

18, 478
18, 369
18, 174
18, 036

54,410
56,617
47, 660
43, 113

590, 192
221, 205
149, 683
652, 708

287, 442
413, 220
406, 830
354, 178

3.80
3.90
3.60
4.38

4.13
4.32
4.19
4.13

4.00
4.00
4.00
4.00

3.13
3.25
3.25
3.25

1928
January _ __
February
March
April

18, 050
17, 951
17, 937
17,848

41, 975
42, 130
48, 277
45, 740

168, 840
228, 118
641, 626
169, 965

349, 142
173, 283
248, 258
326, 709

4.24
4.38
4.47
5.G8

4.38
4.56
4.63
4.94

4.00
4.00
4.13
4.38

May
June
July
August. _

17, 756
17, 604
17, 526
17, 648

41, 438
44, 162
44, 591
52, 797

164, 932
678, 927
154, 859
173, 495

217, 091
404, 607
278, 620
308, 594

5.70
6.21
6.05
6.87

5.25
5.69
6.00
6.25

September
October
November
December

17, 367
17,544
17, 493
17, 310

50, 410
59, 741
48,436
45,803

557, 398
187, 627
145, 156
649, 105

482, 600
368,653
213, 629
384, 019

7.26
6.98
6.67
8.60

7.00
7.13
6.93
7.38

monthly a v _ _ _
monthly av_ _ .
monthly a v _ _ .
monthly a v _ _ _
monthly a v _ _ .
monthly a v _ _ _
monthly av
monthly a v _ _ .

1939
January
_
February
March
April

Treas. Libnotes erty
and and
certs. Treas.
3-6
mos. bds.
(2)
(2)

Total,
15
15
60
inhigh- rail- dusgrade roads trial
bds.
(3)
(3)
(3)

15
utilities
(3)

15
municipal
(3)

Per cent

23, 976
22, 964
22, 350
21, 251
20, 516
19,643
18, 510
17,604

1921
1922
1923
1924
1925
1926
1927
1928

Redis.
N.Y.
Fed.
Res.
Bk.
(8)

5.00
5.00
5.00
5 00
5.00
6.50

5.45

4.64
4.58
4.66
4.53
4.80
5.23
5.25
5.88

4.42
4.46
4.64
4.49
4.79
5.20
5.29
5.79

4.99
4.93
4.97
4.89
5.09
5.45
5.40
6.01

4.94
4.87
4.88
4.79
5.09
5.76
5.84
6.73

4.22
4.12
4.16
3.94
4.20
4.50
4.46
4.98

5. 50
5.12
4.59
4.70
4.51
4.80

5.88
4.20
4.46
3.67
3.46
3.84
3.79
4.54

4.83
3.47
3.93
2.77
3.03
3.25
3.11
3.98

5.37
4.35
4.45
4.09
3.99
3.95
8
3. 46
3.44

5.79
4.94
4.98
4.85
4.72
4.60
4.47
4.49

5.57
4.85
4.98
4.78
4.67
4.51
4.31
4.34

5.96
5.21
5.26
5.21
5.06
4.91
4.83
4.88

6.56
5.46
5.41
5.22
5.06
4.90
4.78
4.68

5.09
4.23
4.25
4.20
4.09
4.08
3.98
4.05

5.10
5.10
5.10
5.10

4.50
4.50
4.50
4.50

3.50
3.50
3.50
3.50

2.81
3.08
3.04
3.17

3.44
3.43
3.39
3.34

4.45
4.43
4.42
4.40

4.27
4.24
4.19
4.17

4.80
4.79
4.79
4.79

4.75
4.75
4.76
4.72

3.96
3.93
3.93
3.90

3.38
3.50
3.50
3.75

5.06
5.06
5.06
5.05

4.50
4.51
4.52
4.52

3.50
4.00
4.00
4.00

3.31
3.33
3.27
3.62

3.35
3.36
3.30
3.32

4.38
4.38
4.37
4.38

4.18
4.20
4.21
4.24

4.76
4.79
4.77
4.78

4.68
4.65
4.62
4.56

3.89
3.89
3.89
3.93

4.50
4.88
5.13
5.38

4.00
4.07
4.25
4.63

5.04
5.04
5.04
5.04

4.52
4.56
4.63
4.84

4.50
4.50
5.00
5.00

3.90
3.92
4.12
4.36

3.35
3.40
3.50
3.56

4.42
4.50
4.54
4.59

4.27
4.35
4.44
4.49

4.81
4.91
4.95
4.96

4.57
4.66
4.68
4.73

4.02
4.09
4.13
4.16

5.63
5.50
5.38
5.37

4.50
4.50
4.50
4.50

5.04
5.04
5.04
5.04

5.12
5.24
5.31
5.33

5.00
5.00
5.00
5.00

4.57
4.70
4.25
4.35

3.54
3.55
3.48
3.53

4.57
4.57
4.55
4.59

4.43
4.43
4.39
4.47

4.95
4.95
4.93
4.98

4.73
4.74
4.73
4.77

4.17
4.17
4.15
4.15

7

_

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
Compiled by the Federal Reserve Board, except time loans prior to 1926 and call loans prior to 1921, which are from Ogle, Dunn & Co. Time-loan rates are those prevailing for New York Stock Exchange 90-day time loans, while call-loan rates are average renewal rates for the New York Stock Exchange. Monthly data from 1909
appeared in the June, 1928, issue (No. 82), p. 21.
a Compiled by the Standard Statistics Co., representing arithmetic averages of the yields to maturity on the individual high-grade bonds, calculated from averages of the
high and low prices of the month. For the year 1914, when the exchanges were closed for several months, the average for railroad bonds excludes the months of August
through
October, the averages for industrials and public utilities exclude August through November, and the average for municipals excludes August through December.
4
Compiled by the Federal Farm Loan Board, representing average interest rates charged by the Federal farm loan banks and intermediate credit banks, respectively.
These rates are based on the interest rates on farm-loan bonds issued by the respective banks, being limited by law to a rate not exceeding 1 per cent higher than the
rate of the bond issue. The law limits interest rates to a 6 per cent maximum. The rates given here for intermediate credit banks are those for direct loans only. For
descriptions ol these banks and the type of their loans, see Table 108. The rates shown for each month are the averages of the loan rates of the 12 banks in the systems
of the Federal land and intermediate credit banks. No weight being given to the number of loans closed at the various rates. When a change of rate occurred during a
month, the bank's average rate for that month was obtained, each rate during the month being weighted by the number of business days it was in force.
fi From the Federal Reserve Board. Monthly averages for years prior to 1922 cover only 61-90 day commercial, agricultural, and livestock paper; since then rates shown
are applicable
to all classes and maturities of eligible paper.
6
Average of 8 months, May to December, inclusive.
78 Average of 10 months, March to December, inclusive.
Beginning with 1927, Liberty bonds are excluded, and the average yield is calculated upon 3 issues of Treasury bonds (3%, 4, and 4^) to their last redemption dates
to 1956). Prior to 1927 the yield is calculated on Liberty bonds only.
Digitized for(1952
FRASER



128

Table 107.—SECURITY PRICES AND SALES
BOND
YIELDS

BOND PRICE INDEXES

STOCK PRICES

0)

YEAR
AND

MONTH

Com10
10
ComCom10
10
Libbined high- sec- public
bined 5erty
bined
25 South25
ern
index est
index and
ond utility indusindex indus- rail- cotton
trial
(40
(66
grade grade bonds bonds
trials roads
(103
Treasmills
rails
rails
bonds)
stocks)
(4)
(4)
ury
(6)
(6) bonds)
(fi)
(7)
(6)
(6)
(6)
(3)

Per cent of par value of 4 per cent bond

Dollars per share

1913
1914
1915
1916
1917
1918
1919
1920

m.a.
m.a.
m.a.
m.a.
m.a.
m.a.
m.a.
m.a.

16
foreign

Per cent of par value

NEW YORK STOCK2 EXCHANGE
SALES

Munici- Stocks
pal
bonds

Miscellaneous
bonds

Liberty
and
Treasury
bonds

Total
bonds

Thousands of dollars
par value

Per
cent

Thous.
of shares

4.45
4.16
4.23
4.06
4.31
4.58
4.50
5.04

6,924
3,992
14, 448
19,404
15, 378
11, 948
26, 073
18, 728

$41, 499
56, 959
79, 623
94, 199
61, 866 8 $40, 492
47,544
117, 059
71, 322 236,814
88, 563 235, 406

$41,499
56, 959
79, 623
94, 199
85, 690
164, 603
308, 136
323, 969

$58. 19
58.08
75.35
99.14
85.44
80.98
105. 77
107. 21

$82. 97
77.57
73.16
80.05
69.12
61.34
62.06
55.94

76.76
80.49
75.58
69.84
69.07
59.70

89.79
92.45
87. 43
80.02
77.89
71.33

75.55
78.00
72.42
66.12
66.33
58.54

73.73
77.59
72.36
63.89
61.77
51.99

74.39
85.50
82.86
85.11
86.96
89.14
94.47
92.87

61.43
71.76
67.71
71.96
76.69
81.21
85.28
84.91

53.92 55.28
67.50 974.00
66.26
72.27
68.93 73.21
70.81
75.45
74.40
77.86
79.53
77.47
80.33 79.48

85.38
94.93
93.46
95.68
97.52
99.23
101. 15
101. 24

93.20
99.54
98.77
101. 44
102. 62
102. 73
104. 12
104. 61

92.42
101.22
100.22
101.71
103. 04
103. 31
105. 19
104. 98

5.02
4.21
4.27
4.21
4.13
4.13
3.99
4.05

14, 334
21, 852
19, 773
23, 503
37, 684
37, 425
48, 708
76, 713

115, 686
206, 948
161, 521
243, 145
256, 621
238, 734
282,539
231, 956

173, 130
136, 442
66,549
72, 178
29, 503
21, 311
24, 158
14, 860 '

288, 816
343, 390
227, 903
315, 323
286, 124
260, 045
306, 697
246, 816

70.51
75.89
71.35
69.36
70.76
60.12

1921 m.a.
1922 m.a.
1923 m.a.
1924 m.a.
1925 m.a.
1926 m.a.
1927 m.a.
1928 m.a.

$84.57
97.08
89.59
88.74
110. 63
113. 56
130. 69
155. 79

79.38
98.58
107. 78
115. 08
152. 65
165. 70
214. 54
268. 92

53.21
62.38
60.15
67.18
82.48
93.27
113. 81
122. 06

$138.45
124.68
116. 99
114. 25
111. 29
107. 61

60.15
74.11
71.72
74.32
77.04
80.36
83.69
84.06

1937
Jan
Feb
Mar
Apr

115.29
119.69
120.30
121. 65

175. 39
181.06
188. 70
199. 99

101. 55
105. 66
106. 58
110. 74

109. 72
110. 36
110. 73
111.36

82.52
82.23
82.66
83.19

91.97
91.51
92.96
94.74

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

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

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
105. 67

3.95
4.01
4.06
4.02

46, 598
47, 630
38, 493
51, 057

303, 510
288, 469
252, 423
290, 948

31, 163
34, 837
17,289
13, 070

334, 673
323, 306
269, 712
304, 018

Sept
Oct ._.
Nov
Dec

140. 67
130. 15
142. 63
144. 26

242. 66
233. 36
237.84
242. 50

119. 95
117. 84
120.04
119. 68

109. 85
111.31
111. 94
112. 36

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

1928
Jan
Feb
Mar....
Apr

142. 13
139. 30
147. 91
159. 16

242. 25 118.29
239.32 115. 20
256. 36 119. 00
263. 34 123. 09

112. 25
111.73
111.33
110. 97

86.15
86.13
86.04
86.26

97.04
96.50
95.90
95.33

88.75
88.61
88.81
87.89

79.66
80.03
80.32
82.17

81.28
81.33
80.95
81.09

102.
102.
102.
102.

60
41
58
44

105. 94
105. 96
106. 05
105. 98

105. 90
105. 92
105. 67
105. 46

3.87
3.87
3.93
3.93

56, 963
47, 165
84, 988
80, 569

269, 374
222, 644
304, 610
301, 084

20, 864
16, 611
11, 910
14, 489

290,
239,
316,
315,

May
June
July
Aug

162. 58
147. 69
146. 71
151. 24

267.38
252. 94
257. 98
267. 16

125. 39
118. 64
119. 18
121. 57

110. 58
110. 42
108.17
104. 82

85.54
83.54
82.45
81.68

94.49
92.04
90. 62
89.66

86.92
84.42
83.09
80.99

81.42
79.51
79.47
79.08

80.73
79.39
77.74
77.97

101. 71
101. 14
100.05
100.36

105. 03
105. 16
103. 20
103. 88

105. 28
104.84
104. 85
104.77

4.01
4.06
4.13
4.18

82, 164
63, 741
39,001
67,704

263, 388
246, 885
183, 815
173, 561

14, 764
14, 517
25, 240
9,988

278, 152
261, 402
209,055
183,549

Sept
Oct
Nov
Dec

154.87
154. 95
175. 63
187. 33

283.99
293. 51
316. 15
286. 66

124.82
123. 40
130. 07
126. 10

103. 31
103. 19
102. 58
101. 97

82.53
82.79
83.31
82.34

91.05
90.72
91.30
89.83

82.51
81.98
83.11
81.87

79.51
81.12
81.30
80.34

78.18
78.34
78.57
78.23

100.40
100.53
100. 57
100.09

103. 11
103. 85
103. 75
103.45

104. 55
104.59
104. 20
103. 77

4.16
4.16
4.14
4.17

90, 907
99, 077
115, 435
92, 837

190, 582
226, 621
210, 897
190, 010

10, 467
11, 949
10, 569
16, 947

201, 049
238, 570
221, 466
206, 957

1929
Jan
Feb
Mar
Apr

238
255
520
573

•

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
Index2 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.
Bond sales from Dow, Jones & Co.; stock sales from the Annalist. These data include only sales on the New York Stock Exchange and not those in the "over-thecounter" market or on other exchanges. Monthly data from 1920 are given for most items in this table in the May, 1922, issue (No. 9), pp. 125 and 129.
3 This index, compiled as of the last day of the month by the New York Trust Co., includes 25 railroad, 10 iron and steel, 5 railroad equipment, 9 motor (including accessories), 5 rubber tire, 5 shipping, 5 sugar, 5 leather and shoe, 5 tobacco, 10 copper, 10 oil, and 9 New York bank and trust companies.
« Prices are averages of daily closing prices for these stocks on New York Stock Exchange, taken from the Annalist. Monthly data from 1913 are given in the December,
1922, issue (No. 16), p. 47.
* Compiled from weekly quotations of 25 southern cotton-mill stocks as furnished by R. S. Dickson & Co. Monthly data from 1923 may be found on p. 24 of the
March, 1926, issue (No. 55).
e These indexes are compiled by Dow, Jones & Co. from the yields of the average prices of the bonds for each day of the month, the average yields for the 10 bonds of
each class being capitalized at 4 per cent to give the combined index.
7 This index, compiled as of the last day of the month by the New York Trust Co., includes 6 Liberty and Victory bonds (the 2 issues of Victory bonds being replaced
at their
redemption by the Treasury bonds, thus making only 5 issues), 16 foreign government and city, 20 railroad, 10 public utility, and 5 telegraph and telephone issues.
8
7 months' average, June to December, inclusive.
»
5
substitutions
in this series in January, 1922, account for the violent change in the index.




129
Table 108.—STOCK PRICE INDEXES BY GROUPS AND YIELDS
YIELDS,
industrials

PRICE INDEXES
Industrials
Total

Railroads

Utilities

YEAR AND
MONTH

Total

RubAuto- Petro- ber
mo- leum tires
and
biles
goods

Steel
and
iron

Ma- R.R. Copper Texchin- equip- and
ery
ment brass tiles

High
Com- grade
mon pref.
Food, Chain Tobacco
and
Theaexcept stores prodter
meat
ucts

Number of stocks in each group
392

35

33

324

13

16

7

10

10

9

10

23

23

18

10

7

mo
mo.
mo.
mo.
mo.
mo.

100.0
104.5
119.9

6.63
6.02
5.31
5.25
5.25
4.43

6.12
6.08
5.90
5.78
5.51
5.35

104.7
104.8
109.0
111.1

107.0
106.3
107.0
107.0

5.24
5.40
5.42
5.28

5.81
5.82
5.78
5.67

100.5
101.0
101.9
103.8

111.9
112.3
118.1
122.6

106.2
108.0
110.3
105.9

5.64
5.64
5.60
5.50

5.65
5.60
5.57
5.54

118.1
117.5
120.7
124.3

106.6
106.4
110.0
119.7

131.7
138.9
139.9
142.0

105.1
101.5
96.1
99.4

5.40
5.34
5.25
5.12

5.49
5.50
5.52
5.48

109.1
107.6
109.3
111.1

130.6
131.3
.136. 1
143.3

128.7
127.4
132.3
132.6

149.4
150.4
159.1
161.0

103.7
104.1
105.4
108.4

4.90
5.02
4.86
4.69

5.45
5.45
5.43
5.40

137.8
135.5
135.1
143.7

113.8
115. 1
115.2
119.1

148.8
146.8
149.1
154.9

130.3
128.6
131.6
135.6

159.2
150. 0
149.5
149.1

109.4
106.1
108.0
111.3

4.66
4.73
4.63
4.49

5.33
5.34
5.28
,5.18

135.2
127.1
125.1
123.6

151.5
147.5
150.0
155.2

120.0
110. 4
106.4
105.9

158.4
152. 4
152.1
158.1

139.0
136.8
135.3
142.9

140.0
!34. 9
134.^
137.6

115.6
111.5
111.0
116.6

4.36
4.53
4.56
4.44

5.21
5.32
5.40
5.43

129.5
126.8
130.6
130.7

172.0
185.1
227.0
228.6

109.6
115.1
128.1
126.4

167.1
167.1
171.7
171.6

150.5
150. 9
161.0
155.7

142.5
141.8
150.6
148.8

135.1
136.7
139.1
138.7

4.27
4.27
3.99
4.25

5.41
5.44
5.42
5.43

av
av
av
av_*_
av__
av__

100.0
118.3
149.9

100.0
119.1
128.5

100.0
116.0
148.9

100.0
117.6
154.3

100.0
148.5
241.5

100.0
101.6
116.1

100.0
113.3
133.5

100.0
126.1
148.0

100.0
110.9
136.0

100.0
122.6
131.9

100.0
111.2
164.1

100.0
102.7
115.4

100.0
121.0
158.2

100.0
114.2
141.5

100.0
136.4
144.9

1926
September...
October
November
December

104.3
101.6
103.1
105.4

105.9
102.7
104.2
106.4

103.1
100.9
103.1
104.0

104.2
101.5
102.9
105.4

117.0
114.6
109.4
116.4

101.5
98.7
100.0
101.2

98.0
92.5
94.2
91.4

106.7
102.8
104.6
110.2

102.6
98.0
99.8
101.5

104.3
100.7
104.4
108.6

102.2
102.7
105.3
105.7

100.6
98.2
99.1
100.2

103.9
100.3
103.2
105.2

98.5
95.8
100.9
103.6

1927
January
February
March
April

105.6
107.9
109.1
111.1

107.1
111.6
112. 2
115.7

104.4
105.3
107.3
110.5

105.6
107.5
108.6
110.0

116.4
120.2
127.8
133.6

102.4
104.1
99.3
95.2

92.8
97.5
106.0
108.1

110.0
111.9
115.3
120.3

102.5
105.3
106.7
106.8

106.1
112.4
115.8
115.2

104.6
104.4
105.3
105.8

97.7
98.7
99.9
98.9

103.9
105.5
108. 3
111.8

May
June
July
August

114.2
115.4
117.2
122.0

118.1
119.2
120.7
123.1

114.2
115.6
114.9
118.5

113.1
114.4
116.7
112.3

139.4
141/3
144.5
157.4

95.7
96.3
95.8
99.3

108.4
104.0
106.3
114.5

120.7
121.0
124.1
132.7

107.9
107.5
106.9
111.1

119.2
123.6
126.2
131.9

106.1
102.2
103.1
110.0

100.5
97.7
99.0
102.4

September
October
November.-.
December

127.7
126.7
129.6
133.1

125. 2
124.3
124.9
126.8

124.1
124.5
125.6
127.2

128.9
127.5
131.3
135.5

174.2
173.6
173.6
180.2

99.3
98.2
103.5
130.6

128.1
125.6
124.5
143.6

143.6
133.7
135.1
144.3

114.9
115.9
119.4
125.9

133.5
125.4
127.6
134.2

115.9
115.8
123. 4
137. 2

1928
January
February
March
April

134.4
132.3
137.9
145. 9

125.3
121.6
125.9
130.7

129.5
130.9
13.. 4
142.5

137.4
134.8
141.1
149.5

183.5
182.0
217.4
241.4

104.1
100.0
127.0
109.7

153.3
139.6
129.3
127 A

146.7
141.1
142.0
145.5

126.1
124.4
126.3
133.6

141.3
136.9
138.2
137.4

May
June
July
August

152.1
145.3
144.2
148.3

133.2
126.7
124.6
126.5

155.3
148.1
145.3
147.9

154.9
148.2
147.8
152.6

249.4
235.3
238.4
244.7

118.7
112.0
110.9
112.6

128.8
115.8
113.3
119.3

145.6
137.7
136.6
143.6

138.0
132.3
132.7
135.4

September- _ _
October
November--.
December

156.6
159.1
171.1
171.5

129.6
128.2
134.9
134.9

155.8
154. 5
168.6
173.4

162.2
166.2
178. 9
178.5

270.0
283.6
284.3
268.5

115.7
117.0
132.6
133.2

127. 6
137.6
143.2
167.3

155.8
158.7
164.6
157.8

139.4
140.1
148.7
154.9

1929
January
February
March
April
May
June

20

Per cent

Relative to 1926 average

1923
1924
1925
1926
1927
1928

33

r

_

* Compiled by the Standard Statistics Co., Inc., and represent long-term indexes of common-stock market values weighted according to the number of shares of each stock
outstanding, computed as of the close each Friday, and presented in relatives with the 1926 monthly average taken as equal to 100. Weekly indexes have been averaged to
give monthly data. Other groups not published here, but included in the total, comprise agricultural implements, automobile parts and accessories, electrical equipment
lead and zinc mining and smelting, radio, etc., building equipment, miscellaneous textiles, apparel, shoes, leather, chemicals, fertilizers, meat packing sugar refining and'
miscellaneous. This series and comparable data appearing in the November, 1928, issue (No. 87), p. 24, displace any common-stock price indexes shown in the previous issues
of the SURVEY OF CURRENT BUSINESS. Industrial stock yields have been computed by dividing the total annual dividend rate each month by the total of monthly prices
using the average of high and low monthly stock prices. Only such stocks as have paid some dividend every year since 1914 have been included in the common erouDine'
extra cash dividends, on an annual basis, are added to regular dividends and are considered to be part of such regular dividends, while stock dividends are disregarded as
such adjustments are largely cared for in the market price of the stock. As preferred stocks have various dividend rates, all prices have been adjusted to an equivalent 7
per cent basis and $100 par previous to averaging.

28914°—29



9

130
Table 109.—NEW SECURITY ISSUES AND AGRICULTURAL FINANCING
CORPORATE SECURITIES '
YEAR
AND

MONTH

Total

Bonds
Stocks and
notes

TAXEX.
MUNICIPAL CANADIAN BOND
SESECURITIES 2
SALES 3
CURITIES *

AGRICULTURAL LOANS
OUTSTANDING
(end of month)

NEW
INCORPORAPerma- Tem- Dom.
FedTotal TIONS 8
Renent porary
Mu- Corouteral
New
loans loans and nici- porastdg.,
farm
capital fundtion
ing
(long (short vincial pal bonds end of
loan 6
term) term)
banks
mo.

Mil. of
dolls.

Thousands of dollars
1913 m. a. $137, 145
1914 m. a. 119, 710
1915m. a. 119, 613
1916m. a. 182, 208
1917m. a_ 127, 498
1918m. a. 112, 068
1919m. a. 228, 305
1920 m. a. 247, 192

130, 484
89, 257

97, 821
157, 935

191, 944
225, 834

1921 m.a_
1922 m. a_
1923 m. a.
1924m. a.
1925m. a .
1926m. a.
1927m. a.
1928 m.a-

199, 234
256, 107
269, 403
319, 881
394, 843
441, 630
608, 450
642, 384

23, 272
51, 999
61, 330
72, 191
109, 248
109, 814
146, 467
294, 013

1937
Sept
Oct
Nov
Dec

451, 364
734, 081
617, 554
852, 064

1938
Jan
Feb
Mar
Apr

573,
612,
741,
833,

FOREIGN
ISSUES 9

FedWar
Joint
eral
Fistock in ter- nance Offered
in
land 6 med, Corpo- U.S.
banks credit7 ration
8
banks

Thousands of dollars

36, 360
21, 358

$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
64, 742 55, 341

$4, 422
7,118
17, 901
17, 385
56, 198
58,000
64, 429
9,749

$9,647
7,032
5,542
4,158
2,365
4,917
2,583
4,466

$6, 171
3,644
1,888
3,540
2,708
628
5,121
3,846

$4, 567 $172, 301
120, 306
4,989
164, 915
5,201
276, 925
5,587
373, 198
6,936
183, 275
8,047
7,893 1, 056, 519
8,512 1, 249, 920

175, 962
204, 108
208, 073
247, 690
285, 595
331, 815
461, 968
348, 372

151, 909 47, 325
194, 645 61, 462
225, 208 44, 195
276, 858 43, 023
341, 727 53, 115
363, 084 78, 546
447, 768 160, 766
500, 401 141, 983

115, 281 63, 503
106, 629 32, 965
94, 597 42, 846
120, 557 81, 590
117, 059 72, 172
113, 503 55, 101
123, 147 49, 435
114, 708

13, 395
27, 125
25, 107
25, 748
22, 189
14, 897
13, 202

7,052
7,290
7,227
7, 270
3,849
5,242
6,457

5,121
6,729
10, 880
15, 284
12,996
22, 146
25, 255

9,198
10, 372
11, 476
12, 754
13, 727
14, 838
15, 774

663, 260
700, 013
780, 896
596, 227
823, 434
912, 268
383, 642

373, 381
79, 124
56, 259
$174, 051 69, 033
546, 519 143, 410
103, 646 41, 305
732, 365 urn, 837
879, 929 421, 394 $50, 883
60, 438 101, 628
974, 737 502, 183 64, 333
28, 191 110,827
11, 116 109, 880
1, 045, 135 599, 265 81, 239
619,
764
72,
734
4,701 132, 717
1, 128, 003
118, 874
1,182,496 616, 129 73, 115

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, 364 214, 190
588, 591 263, 473

116, 311
124, 759
105, 067
117, 903

73, 088
69, 561
26, 575
44, 248

18, 370
24, 045
58, 540
2,500

9,788
3,828
10, 532
11, 340

52, 973
74, 936
24, 260
5,858

15, 952
16, 060
16, 142
16, 205

431, 293
243, 998
225, 803
235, 021

1, 143, 130
1, 147, 135
1, 150, 943
1, 155, 644

609, 535
610, 050
607, 891
607, 477

62, 879
66, 885
71, 815
75, 915

4,285 94, 395
4,080 260, 145
1,800 165, 067
1,362 106, 496

573
696
950
206

138, 545
126, 857
245, 096
310, 263

435, 028
485, 840
496, 854
522, 943

408, 545
411, 352
380, 707
484, 090

103, 139 73, 320
132, 725 113, 389
132, 897 75, 359
129, 861 78, 001

415
9,396
4,000
5,000 1,560 3,185
4,379
None.
7,490
36 2,312 41,845

16, 278
16, 442
16, 557
16, 659

1, 158, 717
1, 168, 354
1, 175, 858
1, 180, 420

608, 798
609, 984
611, 004
610, 921

74, 888
75, 220
74, 119
72, 351

1,244
1,226
1,037
985

A. UK

757, 834
828, 434
323, 748
199, 426

321, 257
409, 611
208, 212
73, 892

436, 577
418, 823
115, 538
125, 534

583, 357 174, 477
645, 883 182, 551
284, 803 38, 945
180, 716 18, 710

141, 345
137, 219
75, 886
78, 600

14, 896
44, 621
57, 014
63, 703

30, 000 4,347 57, 970
10, 734 2,158 77, 198
None.
975
9,565
964
None.
4,095

16, 724
16, 847
16, 890
16, 911

1, 183, 672
1, 184, 656
1, 185, 714
1, 187, 365

609, 363
609, 580
608, 314
608, 706

70, 899
69, 978
67, 815
66, 978

926 227, 969
904 271, 204
781 43, 591
747 None.

Sept
Oct
Nov
Dec

428, 184
655,604
760, 629
993, 328

172, 047
390, 610
447,080
684, 681

256, 137
264, 994
313, 549
308, 647

391, 158
600, 473
702, 055
931, 673

37, 026
55, 131
58, 574
61, 655

70, 278
98, 777
167, 428
108, 335

73, 419
82, 552
12, 504

9,733
260 11, 980
18, 061 4,834 16, 487
11, 663 2,511 5,725

16, 932
17, 007
17, 115

1, 189, 345
1, 190, 278
1, 191, 724
1, 193, 846

608, 451
607, 632
605, 595
605, 199

68, 619
76, 547
78, 685
81, 277

583 108, 949
558 65, 121
497 102, 527
59, 298

June
July

165, 028
201, 344
361, 243
349, 116

$110, 498
237, 478
338, 234

$3, 144
69, 458
94, 257
59, 846
2,476
67, 770
53, 016

$34, 257
76, 951

158, 575
135, 129
100, 027
144, 100

1939
Feb
Mar
Anr
y

3
Compiled, prior to 1927, by The Financial Post, Canada: thereafter by A. E. Ames & Co., covering bonds issued in Canada; segregation between those sold in Canada
and 4those sold in United States are shown in weekly reports.
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 montn
(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

«'New incorporations represent the value of the authorized capital of new enterprises, exclusive of those under $100,000, incorporated in the principal Eastern States as
compiled by the New York Journal of Commerce. Monthly averages from 1923 appeared in November, 1924, issue (No. 39), p. 187L
e These data, from the Federal Farm Loan Bo
' *
'
• - , , , ,
.
^
loan banks being established by the Government i
were closed during the greater part of 1920, pendig iiuig,c*v.nj.uk *.*+ v^w ^^.^JL^,^^.-^ -_,^.^.,, *u.»... *.U9 ***.*, w^.^~*.~~.~*.^,^.~.—„., — — —~
—, —~— —
— „_
requests could not be granted because the cessation of bond selling had depleted the resources. Monthly figures on loans closed from 1920 appeared m June, 1923, issue
°* 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
oangcompanie^ ^ ^^ finance Corporation comprise advances for "agricultural and livestock purposes" under the agricultural credits acts on Aug. 24, 1921, to banks,
livestock associations, and cooperative marketing associations. Figures on advancements and repayments from 1922 to September, 1924, appeared in November, 1924, issue
(No. 39), p. 189; since that date new advances have practically ceased.
.
.
• Compiled by the U S. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing the amount of foreign capital issues, both Government and
private, publicly offered in the United States by American underwriters. Details by individual issues, classified by countries, are shown in the bureau's reports. Monthly
data from 1914 appeared in the April, 1928, issue (No. 80), p. 22.

10 6 months' average, Jtfarch, June, September, October, November, and December.


131
Table 110.—NEW SECURITY ISSUES BY CLASSES
CORPORATE ISSUES

YEAR AND
MONTH

Foreign
govern- Total
ment
corporate

LONG-TERM REAL ESTATE BONDS

Purpose of issue
Rail- Public Indusroads utilities trials

Land,

Oils

Shipping

build- and
ing, etc. miscel-

Grand
total

laneous

Kind of structure

Acqui- Office
InterTo
Real sitions and
est
finance estate
and
other
Apartrates
conim- com- Hotels ments
struc- mortgages prove- mertion
ments

cial

Per ct.

Thousands of dollars
1919
1920
1921
1922
1923
1924
1925
1926
1927
1928

mo. av
mo. av
mo av
mo. av
mo. av
mo. av
mo av
mo av
ino. av
mo. av

$36, 640
24, 250
31, 606
35, 942
20, 237
69,000
53, 782
42, 844
64,761
54, 010

$228, 305
247, 192
199, 234
256, 107
269, 403
319, 881
394,843
441, 630
608,451
642, 384

$17, 343
31,490
54, 607
54, 294
43, 187
78, 358
42, 892
35, 215
80,234
60, 562

$38, 523
41, 402
55, 924
80,007
94, 866
127,470
143, 753
164, 538
248, 875
218, 752

$73, 455
88, 595
43, 881
52, 818
68, 248
51, 512
76, 887
88, 938
97,915
129, 252

$54, 310
38,222
27, 671
25, 192
18, 822
15, 627
23,545
41, 643
35, 445
21, 926

$5, 565
7,700
4,542
14, 875
21, 013
27,958
62, 722
61, 347
55, 749
67, 447

$25, 908
30, 970
13, 450
28, 920
23, 268
18, 956
39, 623
46, 348
84,086
104, 744

$13, 338
19, 940
26, 604
57,963
53, 701
47, 562
58, 856

$8,452
13, 014
19, 001
33, 322
29, 480
22, 517
21,077

$1, 066
2,157
4,328
12, 613
10, 643
11, 435
17, 736

$2, 209
3,696
1,057
7,233
6,861
5,320
7,461

$6, 171
9,723
12, 214
21, 892
21,806
15, 542
16, 676

$2, 676
4,354
4,964
9,761
8,637
4,022
3,730

$2, 404
3,499
5, 567
8,155
7,261
5,125
3,517

6.91
6.58
6.50
6.29
6.18
6.03
5.89

1936
May
June
July
August

42,000
27, 600
12, 520
34, 000

453, 868
472, 402
474, 384
243, 450

17, 925
40, 376
40, 775
15, 085

274, 824
215, 876
211, 829
69, 434

51, 178
76, 744
91, 801
66, 035

3,500
2,050
6,500
10, 500

50,481
94, 744
82, 893
52, 628

55, 710
42, 362
40, 585
29, 618

49, 754
82, 985
69, 408
48, 220

18, 239
40, 945
43, 660
18,845

12, 615
7,425
18, 125
18, 760

15, 480
13, 180
3,138
8,000

29, 191
34, 295
22, 640
8,915

4,833
16,505
29, 345
8,960

7,875
7,035
8,850
7,070

6.22
6.15
6.23
6.15

September
October
November
December.

74,900
118, 000
24, 240
47,492

328, 705
350, 482
595, 237
429, 304

61, 706
12, 190
27, 821
43, 170

45, 930
147, 311
162, 328
136, 656

114, 938
55, 117
73, 058
78, 624

None.
31, 212
230, 968
50,000

48, 537
80, 142
51, 068
65, 993

57, 595
17, 260
49, 494
54, 861

42, 606
67, 545
40, 330
55, 715

27, 700
24, 015
30, 375
32, 805

7,021
19, 160
4,845
8,100

2,385
14, 300
4,110
4,150

21, 350
14, 105
23, 910
22, 475

1,630
5,175
6,235
4,660

4,270
11,320
5,945
7,670

6.10
6.08
6.14
6.16

1937
January.February
March
April

52,383
74, 670
84, 140
121, 686

610, 035
785, 649
494, 373
520, 452

9,346
131, 872
89, 716
57, 830

309, 084
374, 775
188, 212
196, 731

106, 350
150, 115
50, 979
58, 963

68, 588
2,700
31, 500
79, 500

74, 381
55, 763
58, 510
56, 594

40, 286
70, 424
75, 081
70,508

67, 960
48, 798
46,840
49,794

36, 767
17, 443
11, 900
25, 912

17, 480
9, 630
11, 410
13, 937

6,663
14,700
18, 790
1,470

23, 295
18, 708
8,315
18, 177

4,050
925
2,860
11, 380

11, 827
3,780
2,775
2,720

6.13
6.08
6.03
6.12

23, 000
54, 400
25, 596
81, 000

712, 924
707, 548
371, 095
444, 278

129, 225
204, 223
14, 306
183, 764

255, 614
155, 006
115, 360
109, 821

83, 288
159, 767
69, 127
65, 392

75, 100
30,000
20, 750
25,000

41, 510
74, 720
48, 936
38, 292

67, 124
83, 833
102, 616
22, 009

35, 520
68, 556
39, 719
32, 247

13, 740
36, 766
12, 223
19, 435

9,165
23, 960
15, 040
4,482

1,975
2,790
4,575
2,080

10,070
26, 645
6,828
7,700

600
3,781
2,065
7,170

3,430
4,340
3,680
4,700

6.07
6.00
6.12
6.06

September
October
November
December

31, 281
125, 623
35, 800
67,547

451, 364
734, 081
617, 554
852,064

19, 493
32, 550
16, 796
73,686

200, 174
311, 832
252, 482
517, 412

82, 659
113, 368
180, 038
54, 938

None.
42, 000
8,200
42, 000

45, 602
73, 729
42, 730
58, 225

93, 437
160, 603
117, 309
105, 803

42, 763
59, 092
27, 131
52, 322

23, 463
35, 819
12, 460
24, 270

5,140
10, 523
5,241
1 1,207

3,310
525
1,850
5,115

19, 575
21, 980
9,155
16, 055

5,140
3,845
2,660
3,790

3, 473
11,519
2,226
7,025

5.98
6.03
5.88
5.87

1938
January __
February
March
April

79, 808
117, 351
85, 750
87, 130

573, 573
612, 696
741, 950
833, 206

78, 222
74, 216
192, 781
95, 053

210, 155
262, 825
226, 733
380, 541

118, 902
93, 570
131, 262
138, 172

2,200
20, 675
12, 952
7,300

78, 741
48, 038
73, 935
97, 152

74, 331
112, 672
102, 803
114, 988

61, 167
39, 840
62, 962
87, 748

32, 759
14, 085
13, 520
29, 220

12,900
2,710
35, 557
36, 865

6,533
12, 175
4,225
16,323

29, 000
22, 415
11, 965
14, 605

650
700
4,010
11, 395

4,309
1,910
4,060
3,635

6.01
5.78
5.87
5.84

June.
July
August

79, 885
48, 550
41, 396
None.

757, 834
828, 434
323, 748
199, 426

28, 601
42, 158
18, 874
13, 726

242, 497
378, 637
57, 598
97, 776

150, 783
190, 356
98, 810
32, 989

22, 929
21, 241
15,030
None.

82, 253
74, 071
64, 538
30, 256

230, 272
121, 971
68, 374
44, 678

77, 450
66, 364
48,495
21, 947

44, 515
27, 400
18, 581
9,970

20, 910
6,763
24, 079
5,590

2,600
2,610
1,510
3,252

45, 175
22,430
9,786
4,785

10, 300
885
4,020
2,200

4,265
4,085
4,600
3,145

5.81
5.78
5.86
5.76

September
October
November.
December..

43, 500
36, 750
15,000
13,000

428, 184
655, 604
760, 629
993, 328

None.
45,830
57, 800
79, 479

202, 239
214, 466
151, 851
199, 708

98, 234
114, 233
154, 752
228, 959

None.
7,000
99, 616
54, 169

57, 517
85, 627
73, 745
43, 492

70, 194
163, 749
222, 866
362, 028

52, 116
64, 864
61, 360
37, 952

4,460
33, 290
12, 590
12, 530

32, 955
11, 898
14, 980
7,622

530
1,509
26, 550
11,750

2,510
15, 018
11, 095
11, 325

400
9,900
300
None.

270
8,423
1,970
1,530

5.79
6.12
6.02
6.09

May
June
July
August

__

_

May

1939
January
February
March
April
May

June~
i From the Commercial and Financial Chronicle, showing new financing in the United States. Corporate financing includes both stock and bond finances, and foreign
as well as American corporations. The industrial group comprises the following classifications given in the detailed statements: Iron, steel, coal, copper, etc.; equipment
manufacturers; motors and accessories; rubber and miscellaneous industrials. The data on long-term real estate bonds which 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

oupon rates on the long-term real estate bonds issued during the month.


132
Table 111.—BUSINESS PROFITS AND LOSSES
BUSINESS FAILURES 1

Thous. No.
of dolls.

Thous.
Thous.
of dolls. No. of dolls. No.

Firms

tl

Canadian Liabilities

fi

Banks
(quarterly)
Liabilities

OQ

Liabilities

«>

1

Dividend payments
Total
diviAv.
dend Interest
payIndusand
paytrial Steam Street ments
interest ments Total and
on
rail- railpay- 3
00
00
miscel- roads ways indusments
trial
laneB
stocks4
ous
(qtly.)
Dolls,
Thous.
Thous.
Thous.
per
of
No.
Thousands of dollars
of dolls. No. of dolls. No. dolls.
share

Trade estab- Agents and
lishments
brokers
Liabilities

Manufacturing
establishments
Liabilities

Firms

YEAR AND
MONTH

Liabilities

Total
commercial

DIVIDEND AND INTEREST PAYMENTS

!

1913
1914
1915
1916
1917
1918
1919
1920

mo. av. $22, 818
mo. av 29, 821
mo. av. 25, 106
mo. av_ 16, 354
mo. av. 15, 203
mo. av_ 13, 590
mo. av. 9,442
mo. av. 24, 593

1,336 $10, 366
1,523 11, 312
9, 335
1,846
6,083
1,415
1,154
6,628
6,121
832
4,301
538
740 10, 666

353 $9, 583
385 13, 805
426^ 12, 436
7,616
349
5,843
308
4,825
230
3,139
155
7,380
220

929
1,071
1,336
994
786
541
334
461

$2, 869
4,704
3,335
2,655
2,732
2,644
2,002
6,547

1921
1922
1923
1924
1925
1926
1927
1928

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

52, 361
51, 989
44,948
45, 269
36, 979
34, 103
43, 342
40,547

1,638
1,973
1,560
1,718
1,768
1,814
1,929
1,995

19, 488
17, 910
23, 379
23, 897
13, 974
13, 170
17,626
15, 207

375
473
414
434
424
450
474
494

21, 232
22, 615
17, 495
16, 933
17, 948
16, 779
19, 016
18, 775

1,166
1,410
1,089
1,197
1,263
1,272
1,340
1,373

11, 641
11, 465
4,012
4,439
5,058
4,155
6,700
6,815

96
89
57
85
80
93
115
120

1937
January
February. -.
March
April

51, 290
46, 941
57, 891
53, 156

2,465
2,035
2,143
1,968

19, 996
10, 518
22, 368
25, 278

501
411
569
492

24, 530
23,406
28, 191
22, 308

1,842
1,508
1,468
1,342

6,764
13, 017
7,332
5,570

122
116
106
134

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
438

19, 978
17, 856
16,832
14, 702

1,292
1,310
1,187
1,174

4,005
3,022
9,575
9,573

116
96
121
96

SeptemberOctober
November..
December __

32, 786
36, 236
36, 147
51, 062

1,573
1,787
1,864
2,162

15, 349
17, 134
12, 786
29, 024

389
488
478
597

12,052
14, 657
16, 949
16, 733

1,083
1,170
1,276
1,430

5,385
4,445
6,412
5,305

101
129
110
135

1928
January
February
March
April -

47, 634
45, 071
54, 814
34, 985

2,643
2,176
2,236
1,818

14, 871
12, 751
20, 412
16, 236

553
468
546
432

26, 446
24,952
26, 186
16, 049

1,946
1,581
1,566
1,276

6,318
7,367
8,216
5,700

144
127
124
110

May
June
July
August

36, 117
29,827
29,587
58,202

2,008
1,947
1,723
1,852

14, 230
12, 723
12, 932
16, 877

470
513
450
493

18,900
13, 781
12, 899
19,096

1,407
1,325
1,161
1,241

2,987
3,324
3,755
22, 229

131
109
112
112

September. _
October
November
December -.

33, 957
34,990
40, 601
40, 774

1,635
2,023
1,838
1,943

14, 727
13,490
15,446
17, 783

454
528
519
498

13, 567
17, 268
17, 224
18, 933

1,073
1,369
1,202
1,324

5,662
4,232
7,932
4,059

108
126
117
121

1929
January
February
March
April. __

54 « $7,887
67 14, 001
84
9,306
73
1,598
4,614
61
1,284
60
4,131
48
59 12, 675
43, 254
19, 434
50,934
50, 731
41, 175
53, 019
35, 862
32, 412

«30 $1,388
54 2,562
33 2,698
12 1,312
12 1,138
6 1,035
12
843
30 1,845
102
69
144
153
116
152
98
93

66, 619

174

25, 428

81

20,857

55

30, 545

84

36,802

109

28, 953

92

20, 810

55

43, 085

116

152 $148, 103
241 148, 948
219 155, 426
148 177, 919
93 199, 095
68 227, 061
52 265, 764
82 284, 573

$69, 838 $38, 527 $24, 733
68, 481 36, 530 24, 549
66, 020 36, 374 23, 613
77, 176 44, 986 26, 095
89, 856 56, 542 26, 038
85,184 53, 788 24, 135
78, 912 48, 264 23, 705
81, 841 50, 140 23, 832

$4,906
5,368
5,149
6,020
6,493
6,318
5,977
6,074

$5.23

4.94
4.40
5.46
5.55
7.09
7.58
8.68

4,221
4,771
4,285
3,378
2,990
2,369
2,107
3,038

199
271
243
192
176
176
168
156

278, 484
76, 872 45, 200
283, 310
77, 554 43, 723
298, 768
80, 271 45, 120
320, 049
84, 391 47, 181
340, 492 $251, 204 89, 246 49, 671
365, 932 268, 208 97, 724 55, 365
465, 046 289, 283 174, 929 129, 623
490, 868 308, 660 182, 207 134, 662

23, 668
23, 508
24, 093
25, 100
26, 251
27, 593
29, 125
30, 363

5,970
5,902
6,313
7,008
7,778
9,141
10,390
10, 971

2,954
3,213
2,019
1,557

221
189
188
152

677, 750
307, 450
421, 470
545, 300

400, 950
155, 000
251, 620
355, 900

266, 800
152, 450
169, 850
189, 400

165 200
112, 700
130, 100
150 675

30, 900
31, 650
33, 850
27, 550

19,200
8,100
5,900
11, 175_

1,826
2,049
1,827
1,692

157
156
144
145

386, 650
440, 700
651, 853
313, 475

254, 900
290,000
423, 703
161, 100

131, 750 98, 100
150, 700 119, 500
228, 150 163, 500
152, 375 111, 200

26, 300
25, 450
33, 450
34, 675

7,350
5,750
13, 200
6,500

1,349
2,148
2,529
3,124

145
173
162
184

392, 250
566, 175
386, 800
490, 675

250, 100
369, 850
227, 100
331, 175

142, 150
196, 325
159, 700
159, £00

115, 300
155, 700
113, 800
119, 700

19, 750
28, 375
33, 500
24, 050

7,100
12, 250
12, 400
15, 750

3,249
4,012
6,829
1,556

210
210
150
125

753, 200
333, 000
428, 900
561, 230

460, 600
176, 000
258, 750
372, 050

292, 600
157, 000
170, 150
189, 180

182, 800
114, 300
129, 050
149, 500

33, 800
33, 100
34, 600
28, 380

21, 000
9,600
6,500
11, 300

3,707
1,681
1,406
2,589

127
127
124
135

334, 850
467, 225
719, 196
333, 400

203, 500
316, 900
466, 704
182,000

131, 350 96, 550
150, 325 118, 050
252, 492 184, 892
151, 400 109, 450

27, 100
26, 075
34, 500
35, 200

7,700
6,200
13, 600
6,750

2,572
2,504
3,287
3,065

120
159
174
214

408, 600
586, 750
400,560
566,500

262,500
388, 600
234, 220
382, 100

146, 100
198, 150
166, 340
184, 400

118, 450
156, 200
118, 500
141, 200

20,400
29,400
34,900
26,900

7,250
12,550
12,900
16,300

853, 575

516, 375 337,200 215,000

39,100

22,200

5.36
3.45
5.09
6.68
6.19
5.85
6.59

8.45

8.83

8.87

8.57

8.41

8.24

9.10

May
June

1 Compiled by Dun's Review; for annual data in greater detail, see April, 1924, issue of the SURVEY (No. 32), i. 57-59. Monthly data on total commercial failures from
1913 2appeared in December, 1923, issue (No. 28), p. 53; monthly data on all classes from 1921 appeared in June,: 4, issue (No. 34), p. 55.
3 Canadian business failures from Bradstreet's.
Data compiled by New York Journal of Commerce. "Total dividends" include bank dividends not separately shown for those months where such payments are
reported. Monthly data for total dividend and interest payments covering the period 1913 to 1921 appeared in the September, 1922, issue (No. 13) of the SURVEY, p. 51
(figure
for July, 1917, should be $333,011 instead of $633,011); and for dividends classified, covering the same period, in the October, 1922, issue (No. 14), p. 46.
4
Compiled by the Cleveland Trust Co. up to the first quarter of 1927 and thereafter by the Chase Securities Corporation, representing average dollar dividends paid on
the industrial stocks included in the Dow-Jones index of stock prices, comprising 12 stocks from 1900 through 1914 and 20 stocks from 1915 through 1924. The figures are
unweighted averages of the amount of dividends paid per share for these stocks in each quarter reduced to an annual basis. Quarterly figures extending back to 1900 appeared in April, 1925, issue (No. 44) ? p. 29.

« Yearly data are quarterly averages.


133
Table 112.—BUSINESS FAILURES BY GROUPS
MANUFACTURING ESTABLISHMENTS

Foods and tobacco

Clothing

Household
furniture

Chemicals
and paints

11
10
11
9
7
7
4
8

9
10
15
11
8
7
4
5

12
10
11
8
8
6
4
2

132
147
169
145
123
98
65
84

929
1,071
1,336
994
786
541
334
461

135
149
195
116
81
48
35
52

343
384
472
432
366
239
158
187

141
178
203
126
92
70
39
72

140
168
222
137
96
64
37
53

41
48
59
45
35
26
13
11

7
9
10
8
4
4
2
2

121
136
175
129
111
85
51
85

375
473
414
434
424
450
474
494

45
53
48
44
39
33
31
37

96
108
69
75
66
65
59
66

30
33
38
32
39
54
71
81

9
10
7
8
8
7
6
8

12
14
14
16
17
19
22
14

32
43
40
37
43
42
38
41

15
20
17
17
14
11
12
13

8
12
9
9
7
7
9
6

4
8
6
8
5
5
8
8

125
172
160
189
186
207
218
219

1,166
.1,410
1,089
1,197
1, 263
1,272
1,340
1,373

190
189
126
121
109
101
101
87

318
384
327
353
396
410
402
429

215
246
193
243
247
222
248
263

194
234
164
188
210
205
230
231

40
50
47
49
47
60
67
67

4
9
10
8
9
10
12
12

202
298
223
238
245
264
281
284

501
411
569
492

30
35
39
32

72
42
68
64

57
67
78
79

5
7
8
4

27
28
19
22

44
42
52
41

14
9
16
14

12
6
5
8

10
1
13
2

230
174
271
226

1,842
1,508
1,468
1,342

176
162
106
119

500
359
435
398

402
269
276
229

362
280
266
246

63
97
77
63

19
13
18
15

320
328
290
272

444
427
448
_ . 438

28
21
31
23

47
54
55
36

72
70
69
64

6
6
7
4

19
21
26
19

23
34
38
29

8
7
9
16

4
11
4
13

10
3
9
10

227
200
200
224

1,292
1,310
1,187
1,174

85
119
80
69

389
427
351
371

268
237
216
206

229
206
213
179

56
51
56
68

12
6
15
4

253
264
256
277

389
488
478
597

20
32
38
45

47
59
67
92

52
75
72
95

2
9
8
9

20
22
19
22

27
39
37
55

9
8
13
17

17
6
9
9

3
7
10
13

192
231
205
240

1,083
1,170
1,276
1,430

58
57
89
94

335
384
420
452

187
192
214
282

160
183
208
226

58
60
71
79

8
11
11
10

277
283
263
287

January
February. _
March
April

553
468
546
432

35
35
42
44

74
54
65
49

81
65
93
70

3
10
12
11

21
8
13
19

43
48
43
42

14
14
16
7

7
5
7
8

10
9
10
9

265
220
245
173

1,946
1,581
1,566
1,276

100
101
103
85

521
423
440
393

446
356
320
263

368
303
283
220

99
86
71
56

23
10
14
9

389
302
335
250

May
June
July
August

470
513
450
493

36
40
31
36

57
67
61
59

77
76
69
60

6
7
5
4

11
18
16
22

31
45
47
51

14
11
18
8

6
5
3
6

9
9
5
10

223
235
195
237

1,407
1,325
1,161
1,241

93
78
77
54

408
426
387
423

265
248
202
210

263
228
179
171

60
57
55
71

14
7
14
11

295
281
247
307

454
528
519
498

35
33
46
30

74
79
85
69

73
94
105
107

8
13
6
13

6
18
9
11

24
47
29
46

15
14
18
8

4
6
12
6

3
7
7
6

212
217
202
202

1,073
1,369
1,202
1,324

60
87
100
104

376
503
412
441

168
225
200
250

187
190
157
219

43
78
62
65

13
10
14
5

226
276
257
240

Total

T3

a
& *t» Q,

*ta
O

o
M

AU other

t

All other

22
24
30
41
25
15.
14
24

-d
a
«o

Stone, clay,
and glass

15
18
23
17
12
12
5
4

Leather, etc.

6
6
6
4
5
4
4
5

Foodstuffs

42
40
40
38
43
28
20
17

Printing and
engraving

73
87
88
57
54
34
19
48

|

Chemicals

32
31
32
21
22
19
17
24

Total

Lumber

353
385
426
349
308
230
155
220

YEAR AND MONTH

Metals

General stores

TRADE ESTABLISHMENTS

Number of firms
1913 monthly average _ _
1914 monthly average
1915 monthly average
1916 monthly average- _
1917 monthly average
1918 monthly average
1919 monthly average
1920 monthly average _ _ .
1921
1922
1923
1924
1925
1926
1927
1928

__

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

1927
January
February _ _ __
March
April
May __
June
July
August

- »

_

.

September
October
November
December
1938

_

_

September
October
November
December

„_
1929

January
February..
March
April
May
June

i Compiled by Dun's Review. These tables give in greater detail the information presented in Table 110, by combining a still more detailed classification as presented
in Dun's Review into groups fairly comparable with the classification used for other data. Monthly data from 1913 appeared in the October, 1928, issue (No. 86), p. 19.




134

Table 113.—CORPORATION PROFITS AND STOCKHOLDERS
(QUARTERLY)
NET PROFITS 1

3
g

!

g

£

Machinery
Miscellaneous

v&
a
3

Metals and
milling

1

Pennsylvania
R. R. Co.

Industrial
Motors and
accessories

YEAR AND QUARTER

Railroad
and
telephone
Telephone

a

Railroads

o

STOCKHOLDERS >

Domestic

Millions of dollars

Foreign

U. S. Steel Corp.
(common stock)

Domestic

Foreign

Shares
held
brokers
Per ct.
of total

Number

American Teleph.
& Teleg. Co.

Domestic

Foreign

Number

1913 quarterly av._.
1914 quarterly av__.
1915 quarterly av_._
1916 quarterly av._.
1917 quarterly a v _ _ _
1918 quarterly av
1919 quarterly av._.
1920 quarterly av_ .

72, 714
78, 682
81, 603
85, 343
93, 331
102, 798
111,316
126, 424

11, 258
11, 839
11,816
6,884
2,235
1,773
1,727
1,500

41, 436
47, 777
3 42, 020
39, 365
44, 531
64, 314
73, 510
88, 085

1,529
1,697
3 1, 980
939
1,191
1,484
1,475
1,300

51.48
46.73
45.87
55.08
51.88
43.22
40.65
30.35

53, 205
56, 932
62, 279
67, 504
78, 597
96, 035
115, 482
131, 643

1,041
1,175
1,270
1,187
999
1,143
1,239
1,267

1921 quarterly av._.
1922 quarterly av._.
1923 quarterly av
1924 quarterly av.._
1925 quarterly av._.
1926 quarterly av._.
1927 monthlj'- av
1928 quarterly av_ _

138, 450
136, 181
138, 846
142, 718
144, 380
140, 954
142, 178
151, 182

1,743
2,869
2,847
2,925
2,968
2,911
2,877
2,955

104, 621
97, 580
94, 489
96, 081
91, 043
87, 467
91, 075

1,341
1,380
1,431
1,557
1,511
1,587
1,599

22.45
24.36
22.76
22.97
26.31
28.01
26.23

163, 703
217, 599
265, 638 .
322, 693
353, 217
377, 563
415, 734

2,013
2,298
2, 644
3, 086
3,796
4,753
5,248

$400
388
480
547
506

$246
246
283
308
271

$34
38
47
53
57

$120
104
150
184
179

$35
27
56
65
80

$41
29
34
43
32

$15
17
21
27
15

$12
13
14
18
19

$6
5
8
11
10

$4
4
5
5
5

$8
10
13
16
18

1933
March
June
September
December

339
453
422
386

185
262
276
261

36
36
30
35

118
155
116
90

39
50
29
20

27
46
43
46

17
21
14
6

12
13
13
9

7
8
7
3

4
5
4
3

12
12
6
3

136, 247
137, 156
138, 581
141, 348

2,814
2,843
2,852
2,880

92, 711
91, 593
95, 462
98, 189

1,355
1,351
1,481
1,536

26.24
23.34
20.83
20.62

255, 421
260, 446
269, 762
269, 923

2,524
2,603
2,719
2,729

1924
March
June
_ _ _.
September
December

374
328
412
439

203
189
286
307

35
37
37
43

136
102
89
89

37
23
22
25

45
30
18
22

24
18
16
8

12
13
15
12

6
5
4
6

4
4
4
4

8
9
10
12

142, 339
142, 965
143, 307
142, 261

2,987
2,901
2,903
2,913

97, 135
97, 577
94, 904
94, 708

1,542
1,549
1,558
1,577

22.39
20.45
22.82
26.21

296, 738
314, 227
338, 183
341, 625

2,760
2,875
3,199
3,508

1925
March
June
September
December

377
446
563
533

205
234
359
334

44
46
45
51

128
166
159
148

41
66
63
54

33
34
33
35

18
25
22
18

12
15
16
13

9
7
7
9

5
5
5
5

10
14
13
14

143, 224
146, 988
145, 583
141, 725

2,939
2,966
2,981
2,986

92, 552
91, 910
90,651
89, 057

1,490
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

"Oe^fiTTlhfir

439
527
656
557

224
271
393
343

51
52
51
57

164
204
212
157

58
82
76
43

41
43
46
43

19
30
37
20

17
20
21
15

10
9
10
13

6
5
5
5

13
15
17
18

141, 097
141, 365
140, 153
141, 202

2,931
2,909
2,892
2,913

89, 102
92,031
84,287
84, 447

1,575
1,618
1,572
1,582

29.92
24.10
29.01
28.99

362, 093
368, 410
385, 907
393, 843

4,432
4,557
4,937
5,084

1927
March
June
September
DecflmhpT

468
520
576
457

227
246
335
277

59
58
55
54

182
216
186
126

75
109
90
45

40
39
29
20

18
11
14
11

18
22
21
16

11
11
9
10

5
5
5
5

15
19
18
19

142, 593
141, 558
141, 938
142, 622

2,901
2,877
2,874
2,854

85, 529
88,665
95, 351
94, 756

1,599
1,604
1,653
1,539

27.59
26.53
25.69
25.11

412, 921
415, 024
416, 695
418,295

5,190
5,267
5,287
5,247

461
553
665

217
248
358

62
65
61

182
240
246

90
123
109

32
40
43

6
13
25

20
23
22

12
14
18

6
6
7

16
21
22

143, Oil
153,294
154, 415
154, 008

2,810
3,016
3,032
2,963

95, 902
96, 649
102, 457

1,691
1,688
1,748

23.86
22,79
23.95

430, 181
427, 195
451, 603

5,220
5,172
5,426

1926
March
June
September

1928
March
June
September
"O^flpmher
1929
March
June
September
December

._ .

* 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.
2 These data showing the growth of stockholders in three prominent companies—a railroad, a public utility, and an industrial—have been furnished direct by the
respective
companies and represent the number of holders of common stock at the end of each quarter, i. e., December figures are for Dec. 31 or Jan. 1.
3
Dec. 31 figures; other quarters of 1915 not available.




135
Table 114.—FOREIGN EXCHANGE AND CANADIAN TRADE
EUROPE
YEAR AND MONTH

England

France6 Italy ^

ASIA

CANADIAN
FOREIGN TRADE *

THE AMERICAS

6
ArgenSwitBel- Nethergium 3 lands Sweden zerland Japan India < Canada tina Brazil^ Chile

Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per
gold
pound
rupee
dollar
belga guilder krone
franc
yen
milreis paper
lire
peso
peso
sterling franc
Par
1914
1915
1916
1917
1918
1919
1920

value
$4.87
monthly av._. 4.93
monthly av._. 4.78
4.76
monthly av
monthly av._. 4.76
monthly av... 4.76
monthly av... 4.43
monthly av__. 3.66

$0. 039
.199
.182
.170
.174
.178
.137
.070

$0. 053
.195
.169
.155
.137
.134
.114
.050

$0. 139

.640
.370

.394
.344

$0.402

$1.000

$0. 965

$0. 120

.403
.389

.956
.893

.941
.964
.997
.999
.990
.907

.234
.236
.249
.253
.267
.225

.482
.478
.486
.412
.410
.471
.474
.464

.262
.287
.311
.318
.363
.363
.363
.365

.896
.985
.980
.987
1.000
1.000
1.000
.999

.730
.818
.786
.781
.914
.921
.963
.965

.193
.193

.484
.487
.491
.489

.363
.362
.360
.361

1.001
1.001
1.001
.999

$0.499
.491
.495
.507
.513
.533
.512
.504

$0.487

.255
.205

$0. 193
.194
.187
.191
.211
.229
.190
.169

.174
.191
.181
.182
.193
.193
.193
.193

.193

$0. 268

Imports

Exports

Thousands of dollars

$0.122

.226
.185

$40, 110
37, 568
63, 951
83, 838
75, 848
78, 418
111, 410

$35, 693
54,457
92, 704
132, 791
103, 644
107, 903
108, 567

.131
.129
.102
.109
.122
.144
.118
.120

.121
.122
.122
.105
.116
.121
.121
.121

66, 623
63, 534
75, 253
67, 345
74, 183
84, 022
90, 655
101, 850

68, 058
74, 848
85, 710
89, 218
106, 925
106, 983
103, 233
114, 511

.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

1921 monthly av...
1922 monthly av
1923 monthly av_._
1924 monthly av.__
1925 monthly av...
1926 monthly av...
1927 monthly av_. .
1928 monthly av...

3.85
4.43
4.57
4.42
4.83
4.86
4.86
4.87

.075
.082
.061
.052
.048
.033
.039
.039

.043
.048
.046
.044
.040
.039
.052
.053

.370
.385
.260
.230
.240
.172
.139
.139

.336
.385
.391
.382
.402
.401
.401
.402

.225
.262
.266
.265
.268
.268
.268
.268

1926
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

.268
.267
.267
.267

1927
January
February.
March
April _

4.85
4.85
4.85
4.86

.040
.039
.039
.039

.043
.043
.045
.050

.139
.139
' .139
.139

.400
.400
.400
.400

.267
.267
.268
.268

.193
.192
.192
.192

.488
.488
.491
.484

.364
.363
.363
.361

.998
.998
.999
1.001

.939
.947
.960
.962

.117
.118
.119
.118

.120
.120
.120
.120

78, 806
74, 707
110, 581
74, 298

85, 266
79, 803
107, 218
78, 404

May
June
July
.. _.
August. _

4.86
4.86
4.86
4.86

.039
.039
.039
.039

.054
.056
.055
.054

.139
.139
.139
.139

.400
.401
.401
.401

.268
.268
.268
.268

.192
.192
.193
.193

.471
.467
.471
.473

.362
.362
.361
.361

1.001
.999
,999
.999

.962
.964
.966
.968

.118
.118
.118
.118

.120
.120
.120
.120

94,412
101, 029
91, 369
99, 348

111, 298
107, 201
80, 787
95, 955

September
October
November
December

4.86
4.87
4.87
4.88

.039
.039
.039
.039

.054
.055
.055
.064

.139
.139
.140
.140

.401
.402
.404
.404

.269
.269
.269
.270

.193
.193
.193
.193

.468
.466
.460
.462

.363
.364
.365
.367

1.001
1.001
1.001
.999

.971
.972
.971
.972

.119
.119
.119
.120

.121
.122
.122
.122

91, 803
93, 936
94, 312
83, 263

99, 335
105, 821
155, 521
132, 189

1928
January
February
March
April .

4.88
4.87
4.88
4.88

.039
.039
.039
.039

.053
.053
.053
.053

.139
.139
.139
.140

.403
.403
.403
.403

.269
.268
.268
.269

.193
.192
.193
.193

.469
.469
.472
.477

.367
.365
.365
.366

.998
.998
1.000
1.000

.971
.971
.973
.972

.120
.120
.120
.120

.122
.122
.122
.120

79, 506
85, 932
120, 418
78, 490

84,428
90, 387
109, 147
60, 455

May
June
July . August

4.88
4.88
4.86
4.85

.039
.039
.039
.039

.053
.053
.052
.052

.140
.140
.139
.139

.404
.403
.403
.401

.268
.268
.268
.268

.193
.193
.193
.193

.466
.466
.459
.451

.366
.365
.363
.363

.999
.998
.998
1.000

.972
.969
.961
.959

.120
.119
.119

.122
.122
.121
.121

113, 582
110, 694
103, 404
114, 175

120, 154
109, 139
127, 369
113,904

September
October
November
December. _. .

4.85
4.85
4.85
4.85

.039
.039
.039
.039

.052
.052
.052
.052

.139
.139
.139
.139

.401
.401
.401
.402

.268
.267
.267
.268

.193
.192
.193
.193

.458
.462
.464
.459

.363
.365
.365
.365

1.000
1.000
1.000
.998

.957
.956
.958
.958

.119
.120
.119
.119

.121
.121
.121
.121

106,066
112, 341
102, 967
94, 621

111, 856
143, 955
170,092
133, 245

1929
January
February
March
April

_..
_ _

a!93

4120

!

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.
8
Parity established November, 1926. Prior thereto, the average values of the Belgian franc have been multiplied by 5 to obtain an equivalent quotation for the belga.
On this
basis, the present belga was equivalent to 96.5 cents at the old pre-war par of the franc.
4
Parity established October, 1920. Prior to that, par value of the rupee was 32.44 cents.
8
Parity established January, 1926. The average value of the paper peso in 1913 was 19.5 cents.
6
Parity established June, 1928. Prior to that the par value of the franc was 19.3 cents.
7

Parity established December, 1927. Prior to that the par value of the lire was 19.3 cents.
s
Parity
established December, 1926. Prior to that the par value of the milreis was 32.4 cents.


136
Table 115.—IMPORTS AND EXPORTS BY CLASSES OF COMMODITIES
IMPORTS

YEAR AND MONTH

Total

Crude
materi-

als

Foodstuffs,
crude,

and

food
animals

Manu-

fac-

tured
foodstuffs

AGRICULTURAL
EXPORTS *

EXPORTS

FinSemiished
manu- manufaefactures
tures

Total

Crude
materi-

als

Foodstuffs,
crude,

and

food
animals

Manu-

fac-

tured
foodstuffs

FinSemiished
ill an u- ' manufacfactures
tures

Thousands of dollars
1913
1914
1915
1916
1917
1918

monthly av___ $149, 383
monthly av.__ 149, 106
monthly av___ 148, 216
monthly av... 199, 303
monthly av... 246, 039
monthly av... 252, 601

All
All
com- except
modities

cotton

Bel. to 1910-1914

$50,462
49, 790
57, 991
84, 132
105, 682
101, 760

$18, 413
19, 561
20, 242
21, 678
32, 144
28, 795

$16, 518
21, 378
22, 770
28, 226
29, 287
33, 114

$28, 355
23,006
21, 748
34, 822
45, 124
54,080

$34, 401
33, 936
24,335
28, 798
32, 327
33, 742

$204, 024
172, 675
291, 104
451, 887
513, 934
503, 990

$64, 017
40, 938
47,280
60, 118
65, 061
79, 432

$14, 121
22, 939
38, 470
35, 107
42, 406
45, 620

$27, 023
25, 727
45, 880
54, 003
67, 228
117, 152

$33, 066
27, 949
39, 641
76, 022
109, 835
87, 773

$65, 120
53,243
109, 584
218, 780
225, 066
172, 437

141
130
91
116

198
193
160
206

1919 monthly av.._
1920 monthly av_ _ _
1921monthly av...
1922 monthly av__.
1923 monthly av.._

325, 364
439, 873
209, 096
259, 396
316, 006

139, 521
146, 073
71, 090
96, 381
115, 737

45, 441
48, 136
25, 331
27, 660
30, 234

46, 308
103, 179
30, 737
32, 290
44, 134

50, 860
66, 835
28, 669
45, 793
59, 976

41, 028
73, 094
51, 577
55, 642
64, 212

645, 818
673, 402
364, 911
313, 776
340, 893

134, 178
155, 902
81, 997
81, 800
100, 170

56, 530
76, 498
57, 687
38, 212
21, 457

163, 551
93,080
55, 805
48, 965
48, 608

76, 854
79, 909
33, 270
36, 484
46, 977

213, 625
267, 032
135, 497
107, 720
123, 147

154
126
141
126
104

258
197
229
200
161

1924
1925
1926
1927
1928

300, 830
352, 216
369, 241
348, 729
340, 927

103, 008
145, 672
149, 405
133, 471
122, 212

35, 406
41, 233
44, 980
42, 048
45, 795

43, 467
36, 076
34, 793
37, 550
33, 791

54, 657
62, 924
67, 024
62, 471
75, 576

62, 446
66, 311
73, 039
73, 190
63, 552

374, 804
401, 560
392, 643
396, 572
419, 139

110, 528
118, 505
105, 110
99, 398
107, 772

32, 724
26, 491
27, 922
35, 092
24, 458

47, 791
47, 813
41,917
38, 608
39, 086

50, 889
55, 140
54, 629
58, 311
62, 209

132, 338
153, 695
163, 065
165, 163
188, 281

119
114
117
127

172
135
134
148

1927
January
February
March
April

356, 841
310, 877
378, 331
375, 734

153, 113
114, 883
151,319
152, 906

44, 081
42, 725
42, 979
43, 045

26, 947
39, 815
46, 133
46, 876

65, 974
52, 048
64, 628
64, 537

66, 726
61, 406
73, 272
68, 370

411, 649
364, 385
398, 246
405, 001

122, 510
102, 811
107, 411
85, 824

24, 406
18, 758
19, 978
31,514

41, 016
38, 522
37,188
39, 192

61, 339
53, 120
57, 840
59, 411

162, 379
151, 174
175, 829
189, 060

150
130
139
128

140
116
116
140

May
June _.
July
August

346, 501
354, 892
319, 298
368, 875

135, 718
137, 511
121, 185
144, 232

37, 163
39, 619
34, 269
42, 656

39, 392
42, 172
35, 076
35, 471

63,780
60, 384
61, 523
66, 746

70, 448
75, 207
67, 244
79, 770

382, 385
348, 546
332, 994
367, 575

74, 831
63, 349
55, 023
65, 135

30, 684
25, 207
21, 909
46, 770

36, 933
36, 355
31, 278
34, 160

60, 958
62, 491
59, 369
59, 786

178, 979
161, 143
165, 414
171, 724

108
89
75
94

135
118
102
155

September
October
November
December

342, 154
355, 738
344, 269
331, 234

130, 660
119, 221
118, 394
122, 505

33, 190
44, 194
49, 146
51, 504

33, 016
41, 348
36, 123
28, 227

63, 096
67,807
60, 092
59, 037

82, 193
83, 168
80, 514
69, 961

416, 472
480, 460
452, 790
398, 361

102, 146
160, 282
145, 884
117, 572

69, 429
62, 425
46, 723
23, 303

38, 562
45, 643
42, 397
42, 052

54, 790
55, 034
56, 005
59, 585

151, 545
157, 078
161, 781
155, 848

142
185
161
119

211
218
187
133

1928
January
February •
March
April

337, 943
351, 035
380,437
345, 514

133, 395
130, 882
145, 546
127, 223

48, 302
47, 544
53, 451
46, 049

28, 724
36, 039
41, 007
43, 390

61, 221
64, 382
64, 944
60, 672

66, 302
72, 188
75, 488
68,181

401, 913
362, 614
409, 961
356, 057

112, 058
95, 287
91, 619
74, 394

18, 077
13, 305
14. 821
13, 203

43, 291
39, 480
42, 811
33, 866

63, 851
55, 753
62, 993
56, 320

164, 636
158, 786
197, 718
179, 274

113
100
100
82

127
111
117
99

May
June _
July
August

353, 981
317, 249
317, 788
346, 715

137, 999
109, 666
106, 005
122, 186

47, 968
48, 325
43, 174
45, 940

34, 234
30, 005
33, 314
30,060

59, 084
57, 655
60, 050
66, 337

74, 896
71, 597
75, 246
82, 192

413, 829
380, 305
371, 471
371, 312

89, 811
74, 918
60, 177
52, 375

19, 738
17, 158
14, 212
29,308

33, 123
31, 222
30, 666
34, 751

67, 150
63, 066
61, 397
85, 873

204, 007
193, 941
205, 019
199, 005

92
76
64
75

103
91
84
126

September
October
November
December

319, 617
355, 359
326, 493
339, 030

110, 289
117, 624
108, 427
117, 691

37, 207
42,007
44, 563
45. 013

33, 776
35, 370
30, 605
28,810

63, 365
71, 182
62,506
76,283

74, 980
89, 177
80, 392
71, 233

414, 859
543, 041
538, 324
465, 987

120, 188
176, 354
194, 006
152, 077

42, 363
52, 381
31, 532
27,390

35, 762
51, 645
45, 887
45, 530

51,095
59, 999
60, 861
58, 153

165, 451
202, 662
206, 038
182, 837

138
201
192

168
232
172

monthly av. . _
monthly av.._
monthly av. _ .
monthly av__.
monthly a v . . _

1929
January
February
March
April
May.
June
1
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, except agricultural exports. For changes in valuations, see footnote on
preceding
page.
2
Compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics, based on quantities of agricultural products exported in the period July, 1909, to
June, 1914. "All commodities" includes 44 selected commodities, comprising usually about 75 per cent of the value of agricultural exports from the United States. The
quantities are weighted by the average export price for the base period. Monthly data from 1919 appeared in the March, 1925, issue (No. 43), p. 27. Details of compilation
and group indexes are given in the monthly supplement to Crops and Markets, issued by the Department of Agriculture, for October, 1924, pp. 356-358.




137
Table 116.—IMPORTS BY GRAND DIVISIONS
FROM NORTH
AMERICA

FROM EUROPE
YEAR AND MONTH
Total

France

Germany

Italy

United
Kingdom

Total

Canada

FROM SOUTH
AMERICA

Total

Argentina

FROM ASIA
AND OCEANIA

FROM
AFRICA
GRAND
TOTAL

Total

Japan

Total

Thousands of dollars

1913 monthly average.
1914 monthly average.
1915 monthly average.
1916 monthly average.
1917 monthly average.
1918 monthly average.
1919 monthly average.
1920 monthly average.

$72, 056
65, 293
45, 529
52, 776
45,929
26, 510
62, 544
102, 320

$11, 578
8,685
6,493
9,074
8,220
4,959
10, 318
13, 805

$15, 351
12, 449
3,746
485
13
26
884
7,403

$4,610
4,601
4,297
5,020
3,040
2,028
4,922
6,280

$22, 663
23,949
21, 525
25, 457
23, 340
12, 385
25, 766
42, 821

$32,485
36, 783
42, 455
54,870
72, 665
81, 218
6,481
138, 555

$11, 844
13, 669
14,800
19, 771
34,473
37, 641
41, 225
50, 989

$16, 522
19, 127
26,857
35,634
49, 902
50, 911
57,294
63, 417

$2, 131
4,690
7,890
9,691
14,855
19, 032
16, 597
17, 316

$26, 344
26,265
30, 489
50, 865
71, 455
86,837
99, 696
123, 058

$8,245
8,808
9,026
15, 174
21, 139
25, 162
34, 154
34, 548

$1, 978
1,638
2,887
5,158
6,089
7,126
9,349
12,624

$149, 383
149, 106
148, 216
199, 303
246, 039
252, 601
325, 364
439, 873

1921 monthly average.
1922 monthly average.
1923 monthly average.
1924 monthly average.
1925 monthly average.
1926 monthly average.
1927 monthly average.
1928 monthly average.

63, 745
82,600
96, 421
91, 341
103, 182
107, 155
105, 339

11,824,
11, 901
12, 468
12, 303
13, 120
12, 668
13, 983

6,690
9,791
13, 433
11, 605
13, 679
16, 541
16, 713

5,191
5,328
7,689
6,251
8,517
8,377
9,081

19,900
29, 739
33, 673
30, 539
34, 392
31, 933
29,828

62, 904
68, 538
83, 460
82, 930
81, 711
84, 298
82, 122

27, 953
30, 337
34, 667
33, 262
37, 853
39, 657
39,586

24, 635
29, 897
38, 952
38,840
43, 233
47, 332
43, 190

4, 994
7,140
9,606
6,275
6,681
7,422
8,103

54,447
72, 955
89, 918
81,638
116, 411
122, 421
110,307

20, 939
29,526
28, 912
28, 338
32, Oil
33, 391
33, 509

3,365
5,410
7,255
6,083
7,679
8,035
7,771

209, 096
259, 396
316,006
300, 830
352, 216
369, 241
348, 729

108, 663
117, 327
114, 453
112, 855

14, 443
15, 913
15, 023
14, 578

17, 205
17, 728
16, 037
16, 606

8,427
10, 205
13, 155
9,648

29,799
33, 601
34, 316
32, 645

77, 969
92,889
88, 752
81, 229

40, 345
45, 782
44,607
41, 897

42, 129
50, 382
44, 587
48, 078

5,716
7, 765
7,338
5,229

110, 321
112, 728
119, 199
109, 814

37, 838
39, 912
36, 968
35, 156

4,120
3,542
6,890
7,486

343, 202
376, 868
373, 881
359, 462

January
_. _
February
March
April
._ .

99, 181
90,563
112, 691
106, 548

12, 572
14, 195
14, 067
13, 454

15, 908
13, 246
16, 386
17, 817

9,011
6,713
8,735
11, 061

21, 428
25, 693
33, 860
27, 762

71, 993
79, 946
90,050
86, 436

37, 563
31, 972
38,995
36, 135

45, 007
43, 977
47, 328
46, 894

7,542
6,700
8,380
9,388

129,871
89, 938
116, 475
126, 103

37, 188
23, 264
33, 866
31, 864

10, 790
6,453
11, 787
9,752

356, 841
310, 877
378, 331
375, 734

May

98,706
99, 626
95, 761
109, 131

11, 158
12, 908
11, 820
14, 729

14, 140
14, 153
16, 148
17, 837

9,006
8,499
7,896
8,578

31, 469
29, 591
29, 343
33,038

85,903
89, 836
77, 830
82, 865

39, 464
40, 578
38, 158
39, 973

36, 637
40, 365
37, 631
46, 401

6,581
8,921
6,771
9,694

119, 983
116, 592
101, 151
124, 801

33, 172
36, 035
30, 025
47, 482

5,272
8,474
6,925
5,677

346, 501
354, 892
319, 298
368, 875

TDp.cfvmbfir

112, 625
121, 879
115,076
102, 285

15, 923
18,291
15, 460
13, 224

20, 162
20,846
18, 401
15, 511

8,585
11,414
10, 697
8,777

29, 721
33, 119
33, 843
29, 063

77, 784
84,752
81, 578
76, 485

41,902
44, 670
45, 113
40, 504

38, 293
43, 268
44, 945
47, 529

10,017
8,536
8,296
6,413

106, 801
100, 768
96,540
94, 660

35, 369
33, 973
25, 639
34, 229

6,651
5,071
6,129
10, 275

342, 154
355, 738
344, 269
331, 234

1928
January
February. _
March
April

97, 153
105, 897
104, 736
94, 284

12, 126
13, 918
12, 597
10, 429

15, 856
19, 227
18, 535
16, 726

8,846
8,099
8,238
7,899

23, 089
28, 799
32, 951
28, 087

76, 518
79, 430
88, 524
85, 091

37, 027
36, 370
39, 418
35,044

47, 192
47, 427
59, 239
49, 772

6,747
6,966
12, 525
9,746

107, 507
109, 313
120, 066
109, 777

32, 001
33, 593
30, 748
29, 505

9,573
8,967
7,872
6,391

337, 943
351, 035
380, 437
345, 314

104, 150
95, 532
97, 596
107, 785

11, 169
11, 918
11, 321
15,074

16, 126
15, 793
20, 668
21, Oil

8,570
8,145
6,956
6,875

34, 847
27, 871
28, 103
27, 517

86, 092
73, 905
77, 473
78, 190

43, 183
41, 027
41, 798
43, 236

47, 394
51, 102
45, 894
51, 079

10, 723
10, 319
8,119
8,965

109, 728
87, 237
89, 788
100, 886

38, 536
22, 317
24, 888
38, 991

6,617
9,472
7,037
8,782

353, 981
317, 249
317, 788
346, 723

102, 511
121, 231
107, 368

13, 780
17, 220
15, 076

18, 569
22, 298
18, 672

6,543
10, 071
10, 618

26, 408
33, 436
28, 140

76, 891
84, 399
78, 757

42, 168
47, 403
41, 632

37,540
41, 610
41, 229

6,296
6,745
5,555

97,431
100, 954
92, 868

33, 679
35, 324
31, 942

5,257
7,239
6,270

319, 630
355, 433
326, 491

1926
September
October
November
"DeCfiTTibfir

1927

June
July
August
Sfiptfvmbp.r
October.
November

May
June
July
August

.

September
October.
November
December

. _
_

1929
January
February
March
April
May
June

_.

_

i Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent imports of merchandise only. Up to and including May,
1921, import values represented " actual market value or wholesale price at the time of exportation to the United States, in the principal markets of the country from whence




138
Table 117.—EXPORTS BY GRAND DIVISIONS
TO NOBTH
AMERICA

TO EUROPE.

YEAR AND MONTH

Total

France

Germany

Italy

United
Kingdom

Total

:

Canada

TO SOUTH
AMERICA

Total

Argentina

\

TO ASIA AND
OCEANIA

TO
AFRICA

GRAND
TOTAL
Total

Japan

Total

Thousands of dollars
1913
1914
1915
1916
1917
1918
1919
1920

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

$124, 964
111,608
214, 451
317, 773
338, 538
321, 558
432, 306
372, 174

$12, 827
14, 175
41, 733
71, 735
78, 399
77, 600
74, 447
56, 349

$29, 328
13, 191
981
188
2
()
2
()
7,730
25, 953

$6, 556
8,161
22, 477
25, 294
34, 920
41, 015
36, 890
30, 980

$49, 228
49, 984
99, 870
157, 282
167, 450
171, 774
189, 830
161, 319

1921
1922
1923
1924
1925
1926
1927
1928

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

196, 992
173, 613
174, 451
203, 775
216, 979
192, 512
192, 815

18, 745
22, 247
22, 678
23, 472
23, 358
22, 000
19, 065

31, 027
26, 343
26, 403
36, 702
39, 195
30, 347
40, 140

17, 955
12, 575
13, 961
15, 595
17, 096
13, 117
10, 971

78, 510
71,319
73, 527
81, 912
86, 155
81, 051
70, 005

i

$50, 098
40, 132
46, 567
77, 046
105, 081
110, 457
107, 983
160, 764
94, 132
76, 305
90, 514
90, 837
94, 863
98, 040
104, 419

$33,599
25, 885
28,754
50, 409
69,077
73, 908
61, 187
80, 988
49,473 i
48, 057 ;
54,327 i
52, 003
54, 064
61, 547
69,711

$12, 210
7,584
12, Oil
18, 356
25, 991
25, 226
36, 812
51, 993

$4, 582
2,261
4,403
6,406
8,925
8,759
12, 992
17, 811

$17, 319
14, 700
20, 009
39, 211
45, 567
50, 250
74, 775
86, 932

$5, 208
3,479
3,811
9,096
15, 528
22, 815
30, 530
31, 495

$2,411
2,110
3,095
4, 501
4,282
4,933
8,160
13,808

$207, 002
176, 135
296, 223
458, 887
519, 459
512, 424
660, 035
685, 668

22, 777
18, 840
22, 443
26, 188
33, 551
36, 959
36, 513

9,236
7,962
9, 398
9, 758
12, 397
11, 965
13, 624

53, 782
45, 910
54, 827
55, 925
56, 340
64, 771
62, 777

19, 620
18, 200
22, 019
20, 859
18, 137
21, 730
21, 464

6,071
4,648
5,056
5,858
7,421
8,440
8,924

373, 753
319,315
347, 291
382, 582
409, 154
400, 722
405, 448
ii

i

1936
May
June
July
August

145, 101
144, 349
166, 047
186, 040

19, 084
14, 802
12, 769
14, 896

21, 202
20, 154
20, 366
27, 950

11,805
10, 661
12, 201
10, 817

55, 500
62, 638
77, 446
73, 481

111, 243
99, 302
101, 911
101, 627

76, 116
65, 001
66, 100
69, 103

35, 342
30, 126
37, 299
34, 288

10, 644
9,770
11, 464
11, 724

57, 567
57, 490
54, 434
53, 654

18, 752
16, 899
17, 805
14, 255

7,447
6,767
8,625
8, 840

356, 699
338, 033
368, 317
384, 449

September
October _
November
December

224, 263
235, 313
247, 571
249, 428

19, 008
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

4], 558
32, 633
43, 309
43, 318

13, 252
10, 736
13, 289
14, 116

71, 159
75-, 417
79, 227
73, 821

21, 753
27, 724
30, 159
28, 174

9,427
9,148
9,948
8,225

448, 071
455, 301
480, 300
465, 369

210, 714
174, 216
187, 294
187, 285

20, 302
13, 507
17, 269
17, 069

40, 257
35, 762
36, 985
35, 999

13, 238
9,881
10, 317
9,599

89, 819
70, 461
72, 791
64, 671

88, 054
87, 250
101, 062 '
110, 551

50, 718
53, 984
65, 945
74, 459

44, 584
31, 995
38, 415
39, 623

15, 355
10, 532
12, 577
13, 306

66, 370
71, 448
74, 204
67, 344

22, 700
22, 971
28, 623
20, 985

9,680
7,528
7,999
10, 572

171, 773
154, 952
142, 927
168, 083

18, 086
14,907
11,411
14, 403

31, 367
29, 941
24, 115
30, 239

8,352
9,496
7,940
9,332

61, 638
56,103
52, 789
57, 670

120, 057
108, 072
98, 724
109, 058

83, 978
74, 312
64, 772
75, 241

33, 947
31, 468
36, 034
38, 391

12, 388
11, 389
15, 239
15, 678

59, 493
54,710
54,579
50, 692

18, 550
13, 698
15, 190
12, 199

211, 570
253, 827
241, 088
207, 180

21, 084
29, 054
28, 542
23, 147

51,783
62, 661
58, 716
43, 858

8,169
14, 494
14, 926
15, 907

72, 463
89, 959
79, 197
72, 498

118, 505
114, 543
106, 394
90, 749

85, 725
80, 682
69, 994
56, 713

33, 884
32, 719
39, 725
37, 373

12, 976
13, 640
15, 381
15, 025

53, 061
77, 698
64, 726
61, 876

17, 923
33, 711
27, 853
23, 166

8, 247
9, 8S8
9,007
10, 462

425, 267
488, 675
461, 940
407, 641

207, 577
184, 304
194, 424
161, 578

20, 670
15, 758
18, 696
13, 114

42, 648
37, 424
35, 058
29,435

14, 530
13, 648
11, 317
11, 014

74, 392
68, 924
70, 505
56, 902

87, 319
91, 090
110, 709
101, 950

54, 180
60, 784
72, 939
70, 522

34, 812
31, 461
40, 222
33, 825

12, 557
11, 184
14, 884
11, 776

72, 255
55, 081
65, 583
59, 154

26, 108
15, 081
20, 113
16, 985

8,814
9, 513
9?680
7,420

410, 778
371,448
420, 617
363, 928

188, 847
161, 579
152, 377
149, 196

18, 535
15, 733
15, 918
15, 167

33, 102
28, 371
22, 094
24, 579

15, 149
11, 254
11, 853
9,955

61, 834
52, 298
52, 155
52, 826

123, 466
114, 009
110, 770
118, 926

88, 956
81, 883
77, 324
85, 851

38, 243
38, 999
43,907
43, 766

14, 082
15, 686
16, 736
17, 348

63, 018
63, 528
61, 979
59, 973

22, 998
21, 637
17, 987
15, 517

8,983
10,546
9, 950
8,011

422, 557
388, 661
378, 984
379, 872

192, 860
269, 352
274, 429

20,048
28, 928
31, 111

46, 291
57, 961
65, 563

14, 275
16, 936
16, 173

59, 173
97, 991
105, 462

115, 403
126, 812
118, 425

87, 288
89, 478
77, 373

33, 805
49, 094
49, 837

11, 457
19, 719
18, 396

71, 805
93, 006
90, 075

27, 542
39, 136
37, 195

7,544
12, 630
12, 099

421, 647
550, 894
544, 863

19S7
January
February
_
March
April
May _.
June
July
August .

._

.

__

_»

September
October
November
December

7,869
7,764
9,545 |
8,527 \

419, 402 j
372, 438
408, 973
415, 37 i
393, 140
358, 966
341, 809
374, 751

1938
January
February
March
April

May.
June
July
August

.

September
October
November ..
T)p,cp,mber

January

1929
__

»_

._

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.

2 Total for year 1917 is $3,275. No figures for 1918.


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.-B-EPORTS FEOM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN
ARGENTINE MINISTRY OF AGRICULTURE
BRITISH BOARD OF TRADE
CANADIAN DEPARTMENT OF LABOR
CANADIAN DEPARTMENT OF TRADE AND COMMERCE.
FEDERAL
FEDERAL
FEDERAL
FEDERAL
FEDERAL
FEDERAL

FARM LOAN BOARD
RESERVE BANK OF ATLANTA
RESERVE BANK OF BOSTON
RESERVE BANK OF CHICAGO
RESERVE BANK OF KANSAS CITY_.
RESERVE BANK OF MINNEAPOLIS..

FEDERAL RESERVE BANK OF NEW YORK
FEDERAL RESERVE BANK OF PHILADELPHIA.
FEDERAL RESERVE BOARD

ILLINOIS DEPARTMENT OF LABOR
INTERSTATE COMMERCE COMMISSION.

IOWA BUREAU OF LABOR..
MARYLAND COM. LABOR AND STATISTICS.
MASSACHUSETTS DEPT. LABOR AND INDUSTRY.
MASSACHUSETTS DEPT. PUBLIC UTILITIES
MEXICAN SECRETARY OF INDUSTRY, COMMERCE, AND LABOR.
MILWAUKEE PUBLIC EMPLOYMENT OFFICE...
NEW JERSEY DEPARTMENT OF LABOR,.^
NEW YORK STATE DEPT. LABOR
NEW YORK STATE DEPT. PUBLIC WORKS
OKLAHOMA DEPARTMENT OF LABOR
PANAMA CANAL
TEXAS STATE COMPTROLLER
U. S. CIVIL SERVICE COMMISSION
U. S. DEPARTMENT OF AGRICULTURE:
BUREAU OF ANIMAL INDUSTRY
BUREAU OF AGRICULTURAL ECONOMICS...

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, etc.
Refmed sugar shipments
Installment sales, New England dept. stores. _ _ _ '
Agricultural machinery
Retail sales of lumber by yards
Retail sales of lumber by rural yards
Housing rental advert isements
Foreign exchange rates
Corporation profits
Employment in Pennsylvania and Delaware
Employment and pay rolls, anthracite mines. _.
Debits to individual accounts
Condition of Federal reserve banks
Condition of reporting member banks
Monetary gold stocks and interest rates
Barley and rye receipts and rye stocks
Sales of loose-leaf tobacco
Index numbers of production trade
Employment in Illinois
Railway revenues and expenses
Telephone operating revenue and income
Telegraph operations and income
Express operations and income
Fuel consumption by railroads
Railway employment
Factory employment in Iowa
Factory employment in Massachusetts
Massachusetts employment
Milk receipts at Boston,.
]
Mexican petroleum production and exports
j

Estadistica Agro-Pecuaria
Board of Trade Bulletin
Labour Gazette (Canadian)
Labour Gazette (Canadian)
Foreign trade of Canada
Operating Revenues, etc., of Railways*. .
Press release*
_
Press release*
Not published currently
Monthly Business Review
Monthly Review
Business Conditions
Not published in form used
Business Conditions
Business Conditions
Fed. Res. Bull, and daily statement*
Monthly Review
Business and Financial Conditions
Business and Financial Conditions
Fed. Res. Bull, and weekly press releases*
Fed. Res. Bull, and weekly press releases*
Fed. Res. Bull, and weekly press releases*
Federal Reserve Bulletin
Federal Reserve Bulletin
Federal Reserve Bulletin
Federal Reserve Bulletin
The Employment Bulletin
Preliminary statement Class I roads
Operations of large telephone companies..
Not published.
Not published
Fuel for Road Locomotives
Not published
Not published in form used
Not published in form used
Monthly statement*
Not published
Boletin del Petroleo

Factory employment in Milwaukee
1
New Jersey factory employment
New York factory employment and earnings
New York State canal traffic
Factory employment in Oklahoma
Panama Canal traffic
Sulphur production
Government employment in Washington, D. C_

Press release*
Business and Financial Conditions
>_
Labor Market Bulletin and press releases*
Annual report
Oklahoma Labor Market
The Panama Canal Record
Press release*
Not published

Beef, pork, and lamb production
Prices of farm products to producers
Wool stocks in dealers' hands and wool prices
Crop production

Crops and
Crops and
Crops and
Crops and

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 geographic divs

Crops and Markets..
Crops and Markets..
Crops and Markets..
Crops aiid Markets..
Crops and Markets..
Crops and Markets.
Crops and Markets.,
Crops and Markets..
Public Roads
Not published..

Markets
Markets
Markets
Markets and press releases*

Monthly.
Semimonthly.
Semimonthly.
Monthly.
Monthly.
1st of month.
1st of month.
1st of month.
1st of month.
1st of month.
Daily and monthly.
Quarterly.
1st of month.
1st of month.
Sun. papers and monthly.
Fri. morn, papers and mo.
Fri. aft. papers and mo.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.

Monthly.
Monthly.
Yearly.
15th of month.
Last weekly issue of month.
Quarterly.
Monthly supplement.
Monthly supplement.
Monthly supplement.
1st of mo. (cotton); and
10th (other crops).
Monthly supplement.
Monthly supplement.
Weekly.
Quarterly.
Monthly supplement.
Monthly supplement.
Monthly.
Monthly.
Monthly.

Cotton ginned.
Semimo. during season.
Preliminary report on ginnings*...
Cotton consumed and on hand
15th of month.
Preliminary report on cotton consumed _
Active textile machinery
20th
of month.
Wool machinery and cotton spindles*.__
First week of month.
Leather, hides, shoes, gloves, production, etc
Census of hides, skins, and leather*
30th of month.
Leather gloves and mittens
Press release*
18th of month.
Cottonseed °nd cottonseed oil...
Preliminary report on cottonseed*
30th of month.
Hosiery production, stocks, etc..
Press release*
30th of month.
Knit underwear production, etc.
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
30th of month.
Press release*
Wheat and wheat flour stocks
One month after end of qtr.
Press release*
Pyroxylin coated textiles
30th of month.
Press release*
Stokers, sales from January, 1923
20th of month.
Press release*
Stocks of tobacco
One month after end of qtr.
Statement on stocks of leaf tobacco*
Wool consumption and stocks. __
30th of month.
Press release*
Steel barrels
30th of month.
Fabricated steel plate, new orders
20th of month.
Press release* .
Box board
30th of month.
Press release*.
Electrical goods, new orders
One month after end of qtr.
Press release*.
One month after end of qtr.
Press release*.
Electric locomotives, mining and industrial
15th of month.
Electric industrial trucks and tractors
Press release* .
Floor and wall tile
30th of month.
Press release*.
Fire extinguishers..
_
20th of month.
Press release*.
30th of month.
Galvanized sheet metal ware
Press release*
25th of month.
Press release*
Babbitt metal consumption.
Floor and wall tile
_
30th of month.
Press release*
20th of month.
Enameled sanitary ware
Press release*
25th of month.
Press release*
Vitreous china plumbing fixtures..
Fats and oils, production, consumption, stocks._ Statistics of fats and oils*.
One month after end of qtr.
Glues and gelatin, production and stocks
Press release*
30 days after end of qtr.
20th of month.
Fabricated structural steel
Press release*
Automobile production from July, 1921
20th of month.
Press release*
Wood chemical operations, crude and refined
30th of month.
Press release*
Steel castings, new orders and production
20th of month.
Press release*
25th of month.
Press release*
Steel furniture, shipments
Po-celain plumbing fixtures
20th of month.
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 AND DOMESTIC
COMMERCE.

BUREAU OF MINES.

BUREAU OF NAVIGATION
BUREAU OF STANDARDS._
U. S. PATENT OFFICE
U. S. DEPARTMENT OF THE INTERIOR:
GEOLOGICAL SURVEY
DIVISION OF NATIONAL PARKSIT. 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
Public-merchandise warehouses
Index numbers of production, stocks, and unfilled orders.
Fish catch at principal fishing ports
All imports and exports...
Fuel loaded for consumption by vessels
Vessels cleared
Ship charter rates index
World rubber stocks
Foreign loans issued in United States..
Stocks of radio sets.
_
Petroleum, crude and refined, production, etc..
Explosives, production, shipments, etc
Coal and coke production

Press release*
Press release*
Press release*

Portland cement, production, etc..
Vessel construction and losses
Building material price indexes—
Patents granted

Report on Portland cement output*.
Commerce Reports
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
Monthly Labor Review
Statement of Postal Receipts*
Not published.
Not published
Daily Statement of the U. ! I. Treasury
Circulation of money
Not published
Not published
Not published

Every 4 or 5 weeks.

Immigration and emigration statistics
Wholesale prices and index
Retail price indexes
Factory employment, payroll, etc
Industrial disputes
Postal receipts
Money orders. __
Passports issued
Government debt, receipts, and disbursements..
Money in circulation from July 1,1922
Tax-exempt securities
__
Domestic receipts of gold at mint
Oleomargarine, production and consumption of
ingredients.
Consumption of manufactured tobacco, snuff,
cigars, cigarettes, and oleomargarine.
Internal revenue taxes on automobiles...'_
Ethyl alcohol, production, stocks, etc

BUREAU OF IMMIGRATION
BUREAU OF LABOR STATISTICS..
U. S. POST OFFICE DEPARTMENT..
U. S. DEPARTMENT OF STATE...
U. S. TREASURY DEPARTMENT..
BUREAU OF THE MINT
BUREAU OF INTERNAL REVENUE.

U. S. WAR DEPARTMENT:
ENGINEER CORPS

Sault Ste. Marie and Cape Cod Canal traffic._..
Ohio, Monongahela, and Allegheny Rivers,
cargo traffic.
Barge traffic on Mississippi River
Venezuelan petroleum production and exports..
Agricultural loans
Wisconsin factory earnings and employment

MISSISSIPPI-WARRIOR SERVICE
VENEZUELAN MINISTER OF INTERIOR.
WAR FINANCE CORPORATION
WISCONSIN INDUSTRIAL COMMISSION..

Pressrelease*...
Pressrelease*...
Press release*
Pressrelease*...
Press release*....
Pressrelease*...
Monthly statement
Monthly Sum. Foreign Commerce (Pt. I)».
Not published
Monthly Sum. Foreign Commerce (Pt. II)
Commerce Reports—
Pressrelease*
Commerce Reports
Press release *
_.
Petroleum statistics*
Explosive statistics*
Weekly report on production of coal*

Statement of Tax-paid Products*.

10th of month.
30th of month.
10th of month.
30th of month.
25th of month.
15th of month.
20th of month.
30th of month.
10th of month.
30th of month.
20th of month.
Last week of month.
Middle of next month.
Quarterly.
30th of month.
Monthly.
Second or third weekly
issue of month.
20th of month.
First weekly issue of mo.

15th of month.
Monthly.
Monthly.
Monthly.
7th of month.
10th of month.
Last day of month.
Monthly.

First week of month.

Classified collections of Internal Revenue.. 25th of month.
Not published
Monthly statistical report..
Not published
_.
Not published
Not published currently
Not published in form used
Bulletin on Wisconsin labor market..

Monthlfy- during season.

15th of month.

II.—REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS
ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE.
AMALGAMATED ASSOCIATION OF IRON, STEEL,
AND TIN WORKERS.
AMERICAN BUREAU OF METAL STATISTICS
AMERICAN DRY MILK INSTITUTE
AMERICAN ELECTRIC RAILWAY ASSOCIATION.__
AMERICAN ERECTORS' ASSOCIATION
AMERICAN FACE BRICK ASSOCIATION
AMERICAN FEDERATION OF LABOR
AMERICAN FUR MERCHANTS ASSOCIATION
AMERICAN NEWSPAPER PUBLISHERS' ASSOCN..
AMERICAN IRON AND STEEL INSTITUTE
AMERICAN STEEL AND HEAVY HARDWARE
ASSOCIATION.
AMERICAN PAPER AND PULP ASSOCIATION
AMERICAN PETROLEUM INSTITUTE
AMERICAN RAILWAY ASSOCIATION (Car Service Division).
AMERICAN VENEER PACKAGE ASSOCIATION
AMERICAN WALNUT MFRS. ASSOCIATION
AMERICAN WASHING MACHINE MANUFACTURERS' ASSOCIATION.
AMERICAN ZINC INSTITUTE.-.
ANTHRACITE BUREAU OF INFORMATION

Shipments of abrasive paper and cloth

Not published.

Wages, steel workers, Youngstown district

Trade papers..

Bimonthly.

Copper, silver, lead, arsenic
Powdered milk, new orders
Passengers carried, electric railways
Fabricated steel plate, new orders
Face brick production, stocks, etc
Trade-union employment
Fur sales
Stocks and consumption of newsprint paper
Steel ingot production
Trackwork production
Sales of iron, steel and heavy hardware

Financial and trade papers..
Monthly report*
Aera.
Not published
Trends in the Face Brick Industry..
The Federationist
Not published
Monthly report
Press release to trade papers*
Trade papers
Not published. __

Monthly.
Monthly.

Paper and wood pulp production, etc
Gasoline and kerosene consumption
Freight car surplus and shortage
Car loadings and bad-order cars and locomotives.
Bushel baskets
Walnut lumber and logs
Washing machine shipments

Monthly report*
Bulletin...
Car Surpluses and Shortages*.
Information Bulletins*
.._
Not published
Not published..
Not published

Weekly.
Weekly.

Press release to trade papers*
Business and Financial Conditions (Phila.
Reserve Bank.).
Not published.
_
ASPHALT SHINGLE AND ROOFING MFRS. ASSOCN. Prepared roofing shipments
Not published.
Corn ground into starch, glucose, etc
ASS.OC. CORN PRODUCTS MANUFACTURERS
The Constructor.
ASSOCIATED GENERAL CONTRACTORS OF AM... Indexes of construction costs and volume
Trade papers
._
ASSOCIATION OF COTTON TEXTILE MERCHANTS. Cotton textiles, production, stocks, etc
Financial papers.
ASSOCIATION OF LIFE INSURANCE PRESIDENTS. Life insurance, new business, premiums, etc. _
Not published.__
ASSN. OF MANF. OF WOODWORKING MACH_. Woodworking machinery
Not published
BAND INSTRUMENT MANUFACTURERS' ASSOCN. Band instrument shipments
Not published
_
BINDERS BOARD MANUFACTURERS' ASSOCN... Binders board production.
*Multigraphed or mimeographed sheets.
i Imports and exports of gold and silver in Part II.




Production and stocks zinc, retorts operating..
Anthracite mine employment

Monthly.

Monthly.
7th of month.
Quarterly.

13th of month.

Monthly.

141
SOURCES OF DATA—Continued
CURRENT PUBLICATION

DATE OF PUBLICATION

II.-REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS—Continued
BOSTON GRAIN AMD FLOUR EXCHANGE..
BUREAU OF RAILWAY ECONOMICS

Receipts of wool at Boston
Average railway receipts per ton-mile
Passengers and tonnage carried 1 mile
Redwood lumber production, etc
Sugar pine lumber production, etc
Cash checks, shipments
Fabricated structural steel, new orders, etc
W^heat, corn, and oats, receipts, etc
Factory employment in Cleveland
__.
Cold-finished steel bars
Lock washer shipments
Common brick shipments, stocks, etc
Commercial forms
Cotton yarns and cloth printed
Electric hoists, orders and shipments
Overhead cranes, shipments, etc
Detroit factory employment
_
Roofing felt production, stocks, etc
Fine cotton goods production __
Foundry equipment, new orders, etc
Gas-fired boilers and furnaces
Glass container production, etc
Hardwood lumber, stocks, etc
_
Steam, power, and centrifugal pumps
Illuminating glassware production, prders, etc
Ethyl alcohol, production and stocks.
Labels, new orders..
Consumption, stocks, and shipments, iron ore
Life insurance, new business and lapses, ordinary.
Hardwood lumber, production, etc
Maple flooring production, etc
_.
Linseed-oil and oil-cake shipments__
Shipments of accessories and parts
Fresh-water pearl buttons, stocks, activity, etc_.
Finished cotton goods, billings, orders, shipments, and stocks.
Steel sheets, production, stocks, etc__

Trade papers
Not published
Summary of operating statistics
Not published
Not published
Not published
Not published
Trade .papers
The Clevelander
Not published
Not published.
Monthly report
Not published
Weekly report
Not published
Not published
Weekly press release.
Not published
Trade papers
Report on monthly volume of business...
Not published
Monthly report*
Monthly report
Not published
Not published
Not published
Not published
Monthly report*
Monthly release
Not published
Not published
Monthly statement
Business Bulletin
Weekly report
Not published

CALIFORNIA REDWOOD ASSOCIATION
CALIFORNIA WHITE AND SUGAR PINE ASSOCN..
CASH CHECK MANUFACTURERS' ASSOCIATION.
CENTRAL FABRICATORS ASSOCIATION..
CHICAGO BOARD OF TRADE
CLEVELAND CHAMBER OF COMMERCE.
COLD-FINISHED STEEL BAR INSTITUTE
COMMERCIAL LOCK WASHER STATI. Bu_
COMMON BRICK MANFRS. ASSOCN. OF AMERICA..
CONTINUOUS FOLD PRINTERS ASSOCIATION
COTTON-TEXTILE INSTITUTE
_.
ELECTRIC HOIST MANUFACTURERS' ASSOCN...
ELECTRIC OVERHEAD CRANE . INSTITUTE
EMPLOYERS' ASSOCIATION OF DETROIT
FELT MANUFACTURERS' ASSOCIATION
FINE COTTON GOODS EXCHANGE
FOUNDRY EQUIPMENT MFRS. ASSOCIATION
GAS HEATING BOILER AND FURNACE ASSOCN..
GLASS CONTAINER ASSOCIATION
HARDWOOD MANUFACTURERS INSTITUTE
HYDRAULIC SOCIETY
ILLUMINATING GLASSWARE GUILD
INDUSTRIAL ALCOHOL INSTITUTE
LABEL MANUFACTURERS ASSOCIATION
LAKE SUPERIOR IRON ORE ASSOCIATION
LIFE INSURANCE SALES RESEARCH BUREAU_.
LOWER MICHIGAN LUMBER MANUFACTURERSMAPLE FLOORING MANFRS. ASSOCIATION
MINNEAPOLIS CHAMBER OF COMMERCE
MOTOR AND ACCESSORY MFRS. ASSOCIATION._.
NATIONAL ASSOCIATION OF BUTTON MFRS
NATIONAL ASSOCIATION OF FINISHERS OF COTTON FABRICS.
NATIONAL ASSOCIATION OF FLAT ROLLED
Not published.
SHEET MANUFACTURERS.
Not published..
NATIONAL ASSOCIATION OF GLUE MANFRS
Shipments of animal glues
NATIONAL ASSOCIATION OF PIANO BENCH AND Production, shipments, and unfilled orders of Not published.
STOOL MANUFACTURERS.
piano benches and stools.
Bulletin
NATIONAL ASSOCN. OF REAL ESTATE BDS
Real estate conveyances
NATIONAL ASSOCIATION OF STEEL FURNITURE Steel furniture, shipments, orders, etc
Not published
MANUFACTURERS.
NATIONAL AUTO. CHAMBER OF COMMERCE
Not published
Production of automobiles _______________________
Not published
NATIONAL BOILER AND RADIATOR ASSN
Cast-iron boilers and radiators __________________
Not published
NATIONAL ELECTRICAL CREDIT ASSOCIATION. Credit conditions, electrical trade _______________
NATIONAL ELECTRICAL MFRS. ASSOCIATION
Electrical products, shipments, orders, etc ______Not published
NATIONAL FERTILIZER ASSOCIATION—
Superphosphate and fertilizer_____________...... Not published
NATIONAL INDUSTRIAL CONFERENCE BOARD. _ Cost of living, wages, and hours of labor ________ Monthly press release.
Not published
NATIONAL MACHINE TOOL BUILDERS' ASSOCN. . Machine-tool orders, shipments, etc ____________
Not published
NATIONAL PAPER Box MFRS. ASSOCIATION
Paper boxes, shipments and pay roll ___________
Monthly report
Rice distribution through New Orleans _________
NEW ORLEANS BOARD OF TRADE.
Cotton receipts into sight______________.....____Monthly report
NEW ORLEANS COTTON EXCHANGE. _
NEWS PRINT SERVICE BUREAU
Newsprint production, stocks, and shipments ____Monthly bulletin
NEW YORK COFFEE AND SUGAR EXCHANGE... Coffee receipts, stocks, etc. _ ................ ____ Monthly statement
NEW YORK METAL EXCHANGE
__. Tin stocks and deliveries .............. _ ........ . Trade papers
NEW YORK STOCK EXCHANGE
_
Loans to brokers _______ ....... _______ .......... . Financial papers
Not published
NORTH CAROLINA PINE ASSOCIATION
North Carolina pine, production, etc ___________
NORTHERN HEMLOCK AND HARDWOOD MANU- Hemlock and hardwood lumber production, Not published
FACTURERS' ASSOCIATION.
etc.
_
__
Northern pine lumber and lath__
.............. Not published
NORTHERN PINE MANFRS. ASSOCIATION
__
Oak flooring, production, etc__.....____________ Not published-.
OAK FLOORING MANFRS. ASSOCIATION
._
_
OCEAN PEARL BUTTON MFRS. ASSOCN
Ocean pearl buttons, shipments, orders, etc _____Not published
OHIO STATE FOUNDRYMEN'S ASSOCIATION
Ohio foundry iron, meltings, stocks, etc ....... Monthly report* (not published)
PACIFIC CANNED FISH BROKERS' ASSOCIATION.. Shipments of canned salmon______....._________ Not published
PAPERBOARD INDUSTRIES ASSOCIATION
Paperboard shipping boxes and boxboard ...... Not published
PLATE GLASS MFRS. OF AMERICA.
Plate-glass production. ................ ---------- Financial papers
PLYWOOD MANUFACTURERS' ASSOCIATION
Plywood, orders, etc_________......_. .......... Not published
PORCELAIN ENAMEL MANUFACTURERS'ASSOCN. New orders and shipments offlatware__________ Not published
PORTLAND CEMENT ASSOCIATION
Cement paving contracts_____ _ ...... _ ......... Concrete Highway Magazine
RICE GROWERS' ASSOCIATION OF CALIFORNIA.. Rice, receipts, stocks, shipments (Calif, mills).. Not published
RICE MILLERS' ASSOCIATION
Rice, receipts, stocks, etc. (southern mills) ..... Monthly report
ROPE PAPER SACK MANFRS. ASSOCIATION
Shipments of rope-paper sacks --------- ........ Not published .
RUBBER ASSOCIATION OF AMERICA.
Rubber tires, heels, soles, crude stocks, etc _____ Monthly reports (not published).
-owers'* Association.
'
RUBBER GROWERS' ASSOCIATION
Rubber stocks in Europe, Asia, and Brazil ____ Bulletin of Rubber Gro
Not published
RUBBER TRADE ASSOCIATION
Rubber prices____________________________......
SALES BOOK MANUFACTURERS' ASSOCIATION,.. Shipments and orders of sales books _____ ...... Not published
SAVINGS BANK ASSOCN. OF STATE OF N. Y
Savings banks deposits in New York State ______Not published in form used
SHEET METAL WARE ASSOCIATION
Galvanized and enameled sheet metal ware _____Not publishedSILK ASSOCIATION OF AMERICA
Raw silk consumption, machinery activity, etc. Monthly press release to trade papers*
SOUTHERN FURNITURE MFRS. ASSOCIATION
Furniture shipments and unfilled orders ________Not published in form used
Yellow pine production and stocks _______ ..... Not published in form used
SOUTHERN PINE ASSOCIATION-_
STEEL FOUNDERS' SOCIETY
^
Steel castings, bookings, and production ....... Not published-.
'_
TIRE AND RIM ASSOCIATION
Production of automobile rims....._____________ Financial papers
TWIN CITY MILK PRODUCERS' ASSOCIATION. _. Milk production, Minnesota____________. . . . .__ Not published
UNITED TYPOTHETAE OF AMERICA.
Printing activity ____ .............. ... ....... .. Typothetae Bulletin
VACUUM CLEANER MANUFACTURERS ASSN
Trade papers
Vacuum-cleaner shipments
Not published
WEBBING MANUFACTURERS' EXCHANGE
Elastic webbing, shipments ........... ......____
Douglas fir lumber production, etc _____________
Not published-.
WEST COAST LUMBERMEN'S ASSOCIATION
WESTERN DOOR MFRS. ASSOCN
Fir doors, Pacific coast. .................. ______ Not published-Not published
WESTERN PINE MANUFACTURERS' ASSOCN
Western pine lumber production, etc ___________
WESTERN SHEET AND TIN PLATE MANUFAC- Wages, steel workers, Youngstown district ..... Trade papers
TURERS' ASSOCIATION
Not published
WHOLESALE SASH AND DOOR MFRS. ASSOCN _ . Wholesale door business _________________________
WlREBOUND BOX MANUFACTURERS' ASSOCN.. Rotary cut veneer, receipts and purchases ______ Weekly report
WIRE CLOTH MANUFACTURERS' ASSOCIATION Wire cloth, production, shipments, stocks, etc. Not published-' Multigraphed or mimeographed sheets.




Daily.
Monthly.

Daily.

Monthly.

18th of month.
Monthly.
Weekly.

21st of month.
First week of month.
First week of month.
First week of month.
First week of month.
5th of month.

Monthly.

Monthly.

Monthly.

5th of month.
20th of month.
Monthly.

Bimonthly.

142
SOURCES OF DATA—Continued
DATE OF PUBLICATION

III.—REPORTS FROM TECHNICAL PERIODICALS
AMERICAN METAL MARKET
AMERICAN WOOL AND COTTON REPORTER
THE ANNALIST
THE BOND BUYER _ __
_
.
BRADSTREET'S
CHEMICAL AND METALLURGICAL ENGINEERING
COAL AGECOMMERCIAL AND FINANCIAL CHRONICLE
DAILY NEWS RECORD __ _ __
__
_»
Dow, JONES & Co. (WALL STREET JOURNAL)
DUN'S REVIEW
ELECTRICAL WORLD
ENAMELIST ___
_
__
ENGINEERING AND MINING JOURNAL-PRESS
ENGINEERING NEWS RECORD
__
__
HAY TRADE JOURNAL
IRON AGE
IRON TRADE REVIEW
JOPLIN GLOBE
LUMBER MANUFACTURER AND DEALER
MILK REPORTER
MONETARY TIMES
__
NAVAL STORES REVIEW
NEW YORK JOURNAL OF COMMERCE
NEW YORK EVENING POST
NORTHWESTERN MILLER
OIL, PAINT, AND DRUG REPORTER. _
PRINTERS' INK
_
_
PUBLISHERS' WEEKLY
RAILWAY AGE
ROCK PRODUCTS
RUSSELL'S COMMERCIAL NEWS
_
STATISTICAL SUGAR TRADE JOURNAL
WORLD'S RUBBER POSITION (BRITISH)

_

Composite pig iron and steel prices; tin prices_
_. Textile wages, New England
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, world visible supply and bond flotations..
New corporate securities
Fairchild cotton goods and silk goods index
New York bond sales and prices
Mexican petroleum shipments
Business failures and wholesale price index
Sales and consumption of electrical energy, central stations. ..
Household enameled ware
Rand gold production; lead, zinc, copper, and silver prices
Construction cost index __
Hay receipts
Pig-iron production, furnaces in blast, etc _
Iron and steel prices
Shipments, etc., zinc and lead ore, Joplin district. . _
Prioe indfixfts 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, etc; Argentine flaxseed stocks
__
_
__ Magazine advertising
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

SOURCE

DATA

First or second week of month (daily) .
First weekly issue of month (Fidays).
First weekly issue of month (Saturdays).
Weekly (Saturdays) .
First weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays).
Weekly (Wednesdays) .
Weekly (Thursdays) .
Weekly (Saturdays).
Last weekly issue of month (Saturdays).
First week of month (daily).
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 (Fridays).
First weekly issue of month (Thursdays).
Weekly (Thursdays) .
First weekly issue of month (Fridays).
Weekly.
Weekly (Saturdays) .
First week of month (daily).
10th of month (daily).
Not published.
Weekly (Wednesdays),
Weekly (Mondays) .
Second week of month.
Third week of month.
Monthly.
Fourth week of month (Wednesdays).
Weekly (Fridays) .
Monthly.

CURRENT PUBLICATION

DATE OF PUBLICATION

IV.-REPORTS FROM PRIVATE ORGANIZATIONS
(Excluding individual firms reporting data to be combined with other firms or trade associations)
ABERTHAW CONSTRUCTION Co
AMERICAN APPRAISAL Co.._
AMERICAN TELEPHONE & TELEGRAPH Co—
AMES, A. E., & Co____
CHILDS Co
CHASE SECURITIES CORPORATION
_
COMPAGNIE UNIVERSELLE DU CANAL MARITIME DE SUEZ.
DICKSON, R. S., & Co..
_
DODGE, F. W., CORPORATION
GEHM, W. H., Co
GENERAL MOTORS CORPORATION
GRAND, F. & W., 5-10-25 CENT STORES
GRANT, W. T., Co
HAFFARDS, G. M.f & Co
HARTMAN CORPORATION.
HERCULES POWDEK Co

Building costs
Construction costs
Stockholders in the company
Canadian bond issues
Restaurant sales
Dividends paid on industrial stocks..
Suez Canal traffic.

Construction trade papers...
American Appraisal News..
Financial papers
Weekly bond summary *___.
Monthly report
Not published
Le Canal de Suez

Southern cotton mill stocks index
Financial papers
_
__.
Statement on Building Statistics..
Building contracts
Not published .
Furniture shipments
Sales of closed cars, sales to dealers and to users. Financial papers
Financial papers
Chain-store sales
Chain-store sales
Financial papers
Bradstreet's
Fall River cotton mill dividends
Chain-store sales
Financial papers...
Naval Stores Review
Steam naval stores, production and stocks
The Alarm Clock..
Hotel room occupancy
HORWATH & HORWATH.
Financial papers
Mill dividends, Spartanburg County, S. C
LAW, A. W., & Co.
Not published
Cocoa, spot price
LEE, GEORGE C., Co
World ship construction
New York Journal of Commerce.
LLOYD'S..
_.
Financial papers
Chain-store sales
KRESGE, S. S., Co.
__
Financial papers
Chain-store sales
KRESS, S. H., & Co
Canadian building contracts
_._ Canadian Building Review.
MCLEAN BUILDING REPORTS, LTD
Financial papers
Chain-store sales
MCCRORY STORES CORPORATION
Financial papers
_
METROPOLITAN FIVE AND TEN CENT STORES _ Chain-store sales
Not published
Factory labor turnover
METROPOLITAN LIFE INSURANCE Co
Financial papers
Chain-store sales
MURPHY, G. C., Co fc
The Index
__
Indexes of stock and bond prices
NEW YORK TRUST Co
Bulletin
OHIO STATE UNIVERSITY, BUREAU OF BUSI- Employment, construction industries, Ohio
NESS RESEARCH.
South American Oil Reports.
O'SHAUGHNESSY'S SOUTH AMERICAN OlL Petroleum data for Mexico and Venezuela
REPORTS.
Financial papers...
Chain-store sales
PENNEY, J. C., Co
Stockholders in the company..
Financial papers
PENNSYLVANIA RAILROAD Co
National New Car Reporting Service*
New passenger-car registrations
POLK, R. L., & Co
Not
published.._
_.
._
PULLMAN Co
— Pullman passenger traffic and operations. __
Bradstreet's
New Bedford cotton mill dividends
SANFORD & KELLEY
Financial
papers
___
Chain-store sales
_
_.
SCHULTE, A., INC
___
Financial papers.
Mail-order sales
_
_
SEARS, ROEBUCK & Co
Not published
Sales of furniture in Grand Rapids district.
SEIDMAN & SEIDMAN...
_
Financial papers
Chain-store sales
_
SILVER, ISAAC, & BROS
Standard Securities Service
Stock and bond price indexes
STANDARD STATISTICS C o _ _
Monthly press release*
Restaurant sales.__
THOMPSON, J. R., Co
Financial papers
Chain-store sales
UNITED CIGAR STORES Co..
Pressrelease*
_
_
UNITED STATES STEEL CORPORATION
_. Unfilled orders
Pressrelease*...
__
Earnings
Financial papers
Stockholders
_
Special reports*
_
Wages of common labor
Quarterly press release*
Restaurant sales. _
WALDORF SYSTEM, INC
Financial papers
Mail-order sales
WARD, MONTGOMERY, & Co_
Financial papers
Chain-store sales
WOOLWORTH, F. W., & Co..
* Multigraphed, mimeographed, or duplicated sheets.




Monthly.
Third week of month.
Monthly.
5th, 15th, and 25th of
month.
Weekly.
Monthly.

Monthly.
Quarterly.
Monthly.
Semiannually.
First week of month.
First week of month.
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. 22-138) 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

Abrasives, paper arid cloth
63
Accessories, automobile
50
Acetate of lime, production, etc
77
Acid, sulphuric, price and exports
81
Active textile machinery
27, 31, 33
Advertising:
Magazine and newspaper
116
Rentals, Minneapolis
64
Agencies, employment
110
Agents and brokers, failures
132
Agriculture:
Foreign trade
135
Marketings, index
23
Price indexes
25, 26
Wages
111
Agricultural implements
41
Agricultural loans and mortgages
124,
130
Air, mail dispatched by
116
Alcohol, ethyl, and wood (methanol)
77,78
Allegheny River, cargo traffic
101
American Telephone & Telegraph
Co., stockholders
134
Animal fats and glues
85
Animal products:
Marketings, index
23
Price index
26
Apartments, bond issues
131
Apparel, wearing:
Production, etc
28
Sales, chain, stores
117, 119
Wholesale trade
122
Apples:
Production (crop estimate)
86
Stocks and shipments
91
Argentina:
Flaxseed, exports, and stocks
83
Foreign-exchange rates
135
Foreign trade with
137, 138
Arsenic, crude and refined
80
Asphalt, production, stocks
53
Assets, life-insurance companies
124
Automobiles:
Accessories, rims, registrations,
etc
50
Earnings, manufacturers
134
Production, exports, sales, etc _ _ 49
Production index
22
Stock prices
129
Tires and tubes
55
Visiting national parks
102
Babbitt metal, consumption
48
Band instruments, shipments
48
Bands, rubber
56
Banks:
Condition, interest rates, etc__ 125,
126, 127
Failures
132
Farm loans
130
Barley:
Exports, prices, etc
89
Production (crop estimate)
86
Barrels, steel
38
Bars, cold-finished steel
38
Baskets, bushel
72
Baths, enamel, orders, etc
43
Beef, production, etc
93
Belgium, foreign-exchange rates
135



Page
Benches, piano
71
Binders' board, production
61
Boilers:
Cast-iron, including gas-fired
40
Steel, new orders
37
Bonds:
Government, outstanding __ 127, 130
Held by life-insurance companies
124
New issues
130, 131
Prices and yields
127, 128
Sales
128
Book paper and books
60
Boots and shoes. (See Shoes.)
Boston:
Milk receipts
95
Wool receipts
27
Box board, production, receipts, etc_ 61
Boxes, paper, production, etc
61
Bradstreet 's, price index
25
Brazil:
Coffee, receipts and clearances. _ 98
Foreign-exchange rates
135
Brick:
Housing costs
64
Production, stocks, etc
73, 74
Unfilled orders, index
24
British India, foreign-exchange rates. 135
Brokers:
Failures
132
Loans to
125
Buildings:
Contracts awarded
65
Cost indexes, losses, etc
64
Security issues
131
Building materials, price indexes __ 25, 64
Burlaps, imports
33
Butter, production, receipts, etc
96
Buttons, pearl, production, etc
32
Cables, power
46
Cake and meal:
Cottonseed, production, etc
82
Linseed, shipments, etc
83
California:
Petroleum, stocks
51
Redwood lumber, production,
etc
66
White-pine lumber, production,
etc
68
Rice, stocks and shipments
90
Canada:
Automobiles, production and
exports
49
Bond issues
130
Building, contracts awarded
65
Canals, cargo traffic
101
Check payments
125
Cheese, exports
96
Coal and coke, production
34, 36
Employment
110
Failures
132
Fire losses
64
Foreign-exchange rates
135
Foreign trade
135, 137, 138
Iron and steel, production
35, 36
Life-insurance, new business
124
Methanol
77,78
Newsprint paper, production, etc_ 59
Oats and oatmeal
89
(143)

Canada—Continued.
Power, electric
106
Railroads, operation
102
Salmon, canned, exports
98
Silver, production and stocks
126
Slaughter, inspected
57
Wheat and flour, production,
etc
87,88
Canals, traffic
101
Candy, sales, chain stores
117
Canned goods:
Milk, condensed, etc
94, 95
Salmon
98
Cape Cod Canal, cargo traffic
101
Capital issues. (See Securities.)
Cars, railroad
104, 105
Castings and cast-iron products
39, 40
Cattle, receipts, shipments, prices,
and slaughter
,
91
Cement, production, stocks, etc
75
Cereals. (See Grains.)
Chain stores:
Sales
117, 118, 119
Stock prices
129
Check payments
125
Checks, cash, shipments
60
Cheese, production, receipts, etc
96
Chemicals:
Dyes and explosives
78
Employment index
108
Production and prices
23, 80, 81
Pay-roll index
113
Price indexes
25, 80
Stock index
24
Time operations, factory
114, 115
Wood distillation and alcohol- 77, 78
Childs Co., restaurant sales
119
Chile:
Foreign-exchange rates
135
Nitrate production
81
China, vitreous, plumbing fixtures,__ 74
Cigars and cigarettes:
Consumption and exports
99
Sales, chain stores
117, 119
Circulation, money and notes___ 125, 126
Citrus fruits, car-lot shipments
90
Clay and glass products:
Employment index
108
Pay-roll index
113
Production, prices, etc
73, 74, 76
Time operations
114, 115
Unfilled orders index
24
Cleaners, vacuum
41
Clearances, ship
100
Clearings, bank. (See Check payments.)
Cleveland, employment, factory
109
Cloth, cotton
31, 32
Cloth, wire
44
Clothing:
Cost indexes, retail
26
Production, stocks, etc
28
Rubber-proofed
55
Sales, chain stores
117, 119
Sales, wholesale
122
Coal:
Employment, anthracite mines. 108
Loadings, freight cars
104
Prices, production, stocks, etc.. 34
Production index
22
Retail-price index
26

144
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 22-138) only. Items in the text are arranged in groups, which should make
references easy without the necessity of an index. See also liTable of Contents," page 1
Page
Cocoa, imports, shipments and price. 98
Coconut oil, consumption, etc
84
Coffee, imports, stocks, etc
98
Coke:
Production, exports, etc
36, 53
Coal consumption
34
Cold-storage holdings:
Apples
90
Butter and cheese
96
Fish
98
Meats
92,93
Concrete, paving contracts
75
Conduits, nonmetallic
46
Construction, building:
Contracts awarded and volume
index
65
Cost indexes.-,.
64
Employment in Ohio
108,109
Security issues
131
Construction, highways
75
Construction, ships
100
Consumption:
Chemicals and oils. 81, 82, 83, 84, 85
Coal
34
Cotton and fabrics
30, 55
Dairy products
95, 96
Iron ore
35
Meats
92,93
Petroleum products
51, 52, 53
Pulp and paper products
59, 61
Rubber
_ _ _ . 54,55
Tobacco
99
Wheat and
flour
87
Wool
27
Containers:
Glass, production, etc
76
Paper, production, etc
61
Copper:
Exports, prices, etc
44
Production
22, 44
Stock prices
129
Copra and copra oil, stocks, etc
84
Cord, flexible electrical
46
Corn:
Production (crop estimate)
86
Receipts, grindings, exports, etc. 88
Corporations:
Dividend payments and failures. 132
New security issues and incorporations
130,131
Profits and stockholders
134
Stock and bond prices. 127, 128, 129
Costs, building construction
64
Costs, living, indexes
26
Cotton:
Consumption, exports, etc
30
Marketings, index
23
Prices
26, 29
Cotton fabrics:
Cloth, exports
31
Consumption by tire manufacturers
55
Fine goods, production
31
Prices, wholesale
29
Production, stocks, etc
32
Cotton
finishing
.__ 31
Cotton mills:
Dividends and spindle activity _ 31
Stock prices, southern mills
128
Cotton yarns:
Prices
29
Production, stocks, etc
32
Cottonseed and products
82
Cranes, electric overhead
42
Credit:
Bank
125
Electrical trade
45
Farm
130



Crops:
Cotton, production
Food, production and value
Marketings, indexes
Price indexes
Tobacco, production
Cuba, sugar movement
Customs, receipts

Page
30
86
23
25
99
97
127

Dairy products:
Butter and cheese
96
Milk
94,95
Marketing indexes
23
Price indexes
26
Debits. (See Check payments.)
Debt, United States Government
127
Delaware:
Employment and earnings. 109, 112
Pay rolls, factory
111
Delinquent accounts, electrical trade. 45
Department stores, sales, etc
120, 121
Deposits, bank and savings
125
Detroit, employment, factory
109
Disputes, industrial
110
Dividends, payments
31, 132
Drugs:
Price indexes
25, 80
Sales, chain stores
117
Wholesale trade
122
Dry goods:
Prices, wholesale
29
Wholesale trade
122
Dun's, price index
25
Dyes and dyestuffs, exports
78
Earnings:
Corporations, classified
134
Labor
112
Public utilities
106, 134
Railroads and express companies
102,134
United States Steel Corporation
36
Eggs, receipts, etc
95
Elastic webbing, shipments
33
Electric cranes and hoists
42
Electric locomotives, shipments
103
Electric power:
Consumption
107
Fuel consumption
34, 53
Production and sales
106
Electric trucks and tractors
50
Electric washing machines
41
Electrical products
45, 46
Electrical trade, delinquent accounts. 45
Emigration
100
Employment:
Agencies and trade-unions
110
Factory
108, 109
Mines, railroads, etc
108
Time
113,114
Enameled ware
43, 48
Engines, internal-combustion, patents granted
41
England. (See United Kingdom.)
Equipment:
Agricultural, shipments
41
Fire-extinguishing, shipments
50
Foundry, orders, shipments, etc. 42
Railway, orders, etc
129
Essential oils, wholesale-price index. _ 80
Ethyl alcohol
78
Exchange, foreign
135
Expenditures, United States Government
127
Exports. (See Foreign trade and
individual commodities.)
Explosives, production, etc
78
Express, earnings
102

Page
Fabricated steel
37
Fabrics, rubber-proofed
55
Factories. (See Manufactures and
Industrial corporations.)
Failures, business
132, 133
Fall River, textile-mill dividends
31
Farm implements
41
Farm loans and mortgages
124, 130
Farm products:
Price index
25, 26
Production indexes
25
Farm wages
111
Fats, animal, greases, etc
85
Federal farm-loan and intermediate
credit banks, loans
130
Federal reserve system, condition
125
Felt, roofing, production and. stocks_ 80
Fertilizer, exports, consumption, etc_ 81
Fiber, vulcanized
45
Fibers, imports
33
Finance. (See Banking and securities.)
Finishing, cotton
31, 32
Fir, Douglas, lumber
66
Fire-extinguishing equipment
50
Fire, losses by
64
Fish:
Catch, cold-storage holdings, etc. 98
Marketings, index
23
Fish oil, production, etc
85
Flaxseed:
Receipts, shipments, stocks
83
Production (crop estimate)
86
Flooring, rubber
56
Flooring, wooden:
Production, etc., hardwoods
70
Prices, pine and
fir
66, 67
Flour, wheat, production, etc
87
Food:
Earnings, manufacturers
133
Exports and imports
136
Factory employment, index
108
Pay-roll index, factories
113
Price index
25, 26
Production index
22
Stock index
24
Stock price index
129
Time operations, factories-_ 114, 115
Foreign bonds
128, 130, 131
Foreign-exchange rates
135
Foreign stockholders
134
Foreign trade:
Canadian exports and imports__ 135
United States exports
136, 138
United States imports
136, 137
Vessels in United States ports. __ 100
Forest products:
Car loadings
104
Marketings, indexes
23
Forms, blank
: _ _ _ 60
Foundry equipment, orders, etc
42
Foundry iron, meltings, prices, etc. 35, 39
France:
Foreign-exchange rates
135
Foreign trade with
137, 138
Potash production
81
Freight cars
104,105
Freight rates, ocean
100
Fruits:
Farm prices
26
Marketings, index
23
Shipments, car-lot
90
Fuel:
Coal, production, etc
34
Coke, production, etc
36
Consumption, all kinds
34
Cost of, index number
25,26
Petroleum, production, etc. 51, 52, 53

145
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 22-138) 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

95
Fur, sales
_ _ - - 33 Ice cream, production
Furnishings, house, price index
25 Illinois, e m p l o y m e n t and earnings
109, 112
Furnaces:
76
Blast, in operation
35 Illuminating glassware
_ 100
Electric, new orders
46 Immigration
Imports. (See Foreign trade and inFurniture:
dividual commodities.)
Household
71
130
Steel, office
37 Incorporations, new
Wholesale trade
122 India. (See British India.)
Industrials. (See Manufactures and
Corporations.)
Galvanized sheet metal ware
48
Installment sales, New England
120
Gas and electric companies, earnings
48
(see also Public utilities)
106 Instruments, band, shipments
9, 123, 124
Gas and fuel oils
53 Insurance, life
Gasoline
52 Interest:
Rates____
127, 128, 131
Gelatin, edible, production and stocks 85
Payments.
132
General Motors Corporation, sales. __ 49
Investments:
Germany:
Banks
125,130
Foreign trade with
... 137, 138
Life-insurance companies
124
Potash sales
81
109
Ginnings, cotton
30 Iowa, employment, factory
Glass, production, etc
76 Iron and steel:
Barrels, washers, and bars
38
Gloves, production
58
Boilers and radiators, cast-iron. 40
Glues, animal, production and stocks. 85
Castings
39
Gold, receipts, exports, etc
126
Earnings, manufacturers'
36
Government, Canadian, bond issues. 130
Employment index.
...
108
Government, United States:
Enameled sanitary ware
43
Bonds, prices, etc
128
Exports and imports
37
Employment in Washington
108
Fabricated steel products
37
Finances, debt, etc
._ 127
Ingots, steel, production, etc
36
Postal business
116
Ore, shipments, stocks, e t c _ _ _ _ _ 35
Grains:
Pay-roll index
113
Exports, prices, etc
88, 89
Pig-iron, production, prices, etc_ 35
Farm-price indexes
26
Production, index
22
Loadings
104
Railway equipment
103, 105
Marketings, index
23
Sheets, steel
38
Production (crop estimates)
86
Stocks, index
24
Grand, F. & W., sales
118
Time operations, factory
114, 115
Grand Rapids, furniture
71
Unfilled orders
24, 36
Grant, W. T., & Co., sales
118
Vessels, construction
100
Grease, production, etc
85
Wages
111
Great Britain. (See United KingIron, steel, and heavy hardware,
dom.)
sales
37
Groceries:
130, 131
Sales, chain stores
117 Issues, new capital
Wholesale trade
122 Italy:
Foreign-exchange rates
135
Gum lumber, stocks
69
Foreign trade with
137, 138
Gum (naval stores), marketings, index
23
Japan:
Foreign-exchange rates
135
Ham, smoked, prices
92
Foreign trade with
137, 138
Hardware, wholesale trade
122
Hardwood lumber
69, 70, 71 Joint-stock land banks, loans
130
Hartman Corporation, sales
119 Joplin district, lead and zinc shipments
47
Hay:
Production (crop estimate)
86
Receipts
90 Kerosene
52
Heels, rubber, production, etc
56 Knit underwear, production, shipHemlock, northern, lumber
66
ments, etc
28
Hides and skins:
Kresge, S. S., Co., sales
118
118
Imports, stocks, etc
57 Kress, S. H., & Co., sales
Prices
25, 57
Highways, construction
75 Labels, paper, orders
63
Labor:
Hogs, prices, receipts, shipments, and
slaughter
91
Earnings
111, 112
Hoists, electric
42
Employment
108
Hosiery, production, stocks, etc
28
Time worked
113, 114, 115
Turnover, factory
114
Hotels:
Room occupancy
105 Lamb, production, stocks, etc
93
Bond issues
131 Lambs, shipments and slaughter
91
Hours, operations
28, 31, 33, 113, 114 Lapses, life insurance
119
Household:
Lard compounds and substitutes.
85
Enameled ware, activity
48 Lard, production, exports, etc _
92
Furnishings, price indexes
25 Lath, northern pine
68
Furniture, shipments, etc
71 Lavatories, enamel, shipments, etc___ 43
Housing:
Lead, production, prices, etc
22, 47
Construction
65 Leather:
Cost of, index numbers
26, 64
Employment index
108
Rental advertisements
64
Factory time operations
114, 115

28914°—29
10


Leather—Continued.
Page
Pay-roll index. _ _
113
Products (shoes, gloves)
58
Production, stocks, etc
22, 24, 58
Leather, artificial, shipments, etc
33
Life insurance
9, 123, 124
Light, cost of, index numbers
26
Lime, acetate.
77
Linseed oil and cake
83
Livestock:
Loadings
104
Marketings, indexes
23
Price to farmers, indexes
26
Receipts, shipments, prices and
slaughter...
91
Living, cost of
.
26
Loadings, freight cars
104
Loans:
Agricultural
124, 130
Bank, total and to brokers
125
Life-insurance policies
124
Locomotives, exports, shipments, etc_ 103
Logs, walnut
69
Losses:
Business
L
132
Fire
64
Labor disputes
110
Ships
_ - - - 100
Lubricating oil
53
Lumber:
Employment index
108
Factory time operations
114, 115
Marketings, index
23
Pay-roll index
113
Production index
22
Production, etc
66,
67, 68, 69, 70, 71
Products (doors, furniture, etc__* 72
Stocks, index
24
Unfilled orders, index
24
McCrory Stores Corporation, sales. _ 118
Machine tools, new orders
42
Machinery:
Profits and earnings
129, 134
Shipments, etc..— :
41, 42
Machinery activity:
Boxboard and box mills
61
Textile mills
27, 31, 33
Magazines, advertising
116
Mail, United States
116
Mail-order houses, sales
116, 117
Malleable castings, production, etc.. 39
Manganese, ore imports
35
Manufactures:
Earnings
134
Employment index
108,109
Exports and imports
136
Failures and dividend payments. 132
Pay-roll payments
113
Production index
22
Securities, prices, etc
127,
128, 129, 131
Stocks on hand, indexes
24
Time operations
113, 114, 115
Maple flooring, production, etc
70
Maryland, employment, factory
109
Massachusetts, employment
109
Meats:
Farm prices
26
Production, etc
92, 93
Wholesale trade
122
Mechanical goods, rubber
56
Merchandise, car loadings
104
Metals and minerals (see also individual commodities):
Earnings, corporations
134
Employment index
108
Pay-roll index
113
Price index
25

146
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 22-138) 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
Metals and Minerals—Continued. Page
Production index
22
Stock and unfilled order index __ 24
Time operations, factory
114, 115
Methanol, production, etc
77, 78
Metropolitan Stores Corporation,
sales
118
Mexico:
Petroleum, production and exports
51
Silver production
126
Mica, manufactured
46
Michigan, lower, hardwoods
71
Milk, receipts, production, etc
94, 95
Milwaukee, employment, factory
109
Minerals, production, index
22
Minneapolis:
Linseed oil and cake, shipments. 83
Milk, production
95
Rental advertisements
64
Mississippi River, cargo traffic
101
Money, circulation, stocks, etc._ 125,126
Money orders, postal
116
Monongahela River, cargo traffic
101
Mortgages:
Held by farm banks, etc
130
Held by life-insurance companies
124
Issued for real estate, bonds
131
Motors, electric
45
Municipal bonds:
New issues
130
Yields
127, 128
Murphy, G. C. Co., sales
_ _ _ . 119
Naval stores, receipts, stocks, etc
79
Netherlands, foreign-exchange rates- 135
New Bedford, textile-mill dividends. _ 31
New Jersey:
Employment and earnings. _ 109, 112
Pay rolls, factory
111
New Orleans, rice shipments
90
Newspapers, advertising
116
New York City:
Check payments and brokers'
loans
125
Rediscount rate
127
Milk receipts
95
New York State:
Canal traffic
101
Employment and earnings. _ 109,112
Pay rolls, factory
111
Savings banks, deposits
125
New York Stock Exchange:
Loans to members of
125
Security sales
128
Nitrate of soda
81
Nonferrous metals:
Employment index
108
Production index
22
Production, prices, etc
44, 47
Pay-roll index
113
Stocks, index
24
Time operations, index
114, 115

Oak:
Flooring, production, etc
70
Lumber, stocks, etc
69
.Oats:
Exports, prices, receipts, etc
89
Production (crop estimate)
86
Ocean transportation
100
Offal, grain, production
87
Ohio:
Foundry iron, stocks, etc
39
Employment
108,109
Ohio River, cargo traffic
101
Oklahoma:
Employment and earnings. - 109, 112
Pay rolls, factory
111



Oil:

Page
Essential, wholesale price index. 80
Fish
85
Petroleum
51, 52, 53, 131, 134
Pine
79
Vegetable
.__ 80, 82, 83, 84
Oleomargarine:
Production and consumption
82
Consumption of chief ingredients in
82,84,95
Onions, car-lot shipments
. 90
Orders, new. (See individual commodities.)
Orders, unfilled, index (see also individual commodities)
24
Ore:
Iron, shipments and imports. _ 22, 35
Lead and zinc. shipments, etc
47
Total, car loadings
104
Outlet boxes, electrical
45
Overalls, cut, etc
28
Panama Canal, traffic
101
Panel boards, electrical
46
Paper:
Book, fine, wrapping, etc
60, 62
Box board and boxes
61
Employment index
108
Newsprint, production, etc
59
Pay-roll index
113
Production index
22
Pulp and paper products
63
Stocks, index
24
Time operations
114,115
Waste for box board
61
Parks, national, visitors
102
Passengers:
Railroad and Pullman
102
Street railways
106
Passenger cars, railroad, orders, etc. 9, 105
Passports, issued. _
100
Patents, granted
41
Pavements, concrete
75
Payments, check
125
Payments, dividend and interest
132
Pay roll, factories
.
111, 113
Pay roll, anthracite mines
108
Pennsylvania:
Employment and earnings,. 109, 112
Pay rolls, factory
111
Pennsylvania Railroad Co., stockholders
134
Penney, J. C., & Co., sales
119
Petroleum:
Capital issues
131
Crude, production, etc
22, 51
Earnings
134
Refined products
22, 52, 53
Stock prices
129
Phenolic products, laminated
45
Pianos, benches, and stools
71
Pig-iron, prices, production, etc
35
Pine lumber, production, etc
67, 68
Pine oil, production and stocks
79
Plate glass, production
76
Plumbing fixtures:
Enameled sanitary ware
43
Porcelain and vitreous ware
74
Price index
64
Plywood, shipments, etc
72
Porcelain, electrical, shipments
45, 46
Porcelain, enameled
flatware
48
Porcelain, plumbing
fixtures
74
Pork products, production, etc
92
Postal receipts and money orders
116
Potash, imports, etc
81
Potatoes:
Car-lot shipments
90
Production (crop estimate)
86

Poultry:
Page
Marketings, index
23
Price index
26
Receipts and stocks
95
Power, electric:
Fuel consumption
34
Production
106
Switching equipment
45
Prices:
Brick and cement
73, 75
Coal and coke
34,36
Coffee and tea
98
Dairy products..26, 94, 96
Drugs and chemicals... 77, 78, 80, 83
Grains and
flour
26, 87, 88, 89
Hides and leather
25, 57, 58
Iron and steel
35,36
Lumber
66,67,70
Meats and livestock. __ 26, 91, 92, 93
Naval stores
L
79
Nonferrous metals
44, 47
Paper and pulp
59, 63
Petroleum and products... 51, 52, 53
Plumbing
fixtures
64
Rubber
54
Silver
126
Sugar
97
Textiles
25,29,33
Tobacco
99
Vegetable oils
80, 82, 83
Price indexes (see also Prices):
Building and construction costs. 64
Farm
25,26
Retail
26
Stocks and bonds
127, 128,129
Wholesale, classified
25
Printing:
Activity
60
Employment
108
Newspaper
59
Pay-roll index
113
Time operations
114, 115
Profits. (See Earnings.)
Production, index (see also individual
commodities)
23
Public
finance
127
Public utilities:
Bonds, prices, etc. 124, 127, 128, 131
Contracts awarded
65
Dividends, earnings, etc
106,
132 134
Stock prices
128) 129
Publishing:
Book and job
60
Newspaper
59
Pullman, passengers and operations. _ 102
Pulp, wood.
63
Pulp wood, marketings, index
23
Pumps, shipments, etc
41
Pyroxylin-coated textiles
33
Radiators, cast-iron, production, etc. 40
Radio, stocks
46
Railroads:
Dividend payments
132
Earnings and profits
103, 131
Employment
108
Equipment
103,104,105
Freight-car movement
102, 104
Fuel consumption
34
Securities
124, 127, 128, 129
Railways, electric and street
106, 132
Raincoat, fabrics, rubber proofed
55
Rand, gold output
126
Raw materials:
Exports and imports.
136
Price indexes
25
Stock indexes
24
Rayon, imports, stocks, and prices __ 33

147
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 22-138) 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 Silk:
47
Imports, stocks, etc_
33 Tin, imports, prices, stocks, etc
Real estate, bond issues_:
_ 131
22, 55
Prices
29 Tires, production, stocks, etc
Receipts, United States Government
116, 127 Silver, production, prices, etc____ 22, 126 Tobacco:
Employment index
108
119
Redwood, California, lumber. _ _ _ _ _ _ 66 Silver, Isaac, & Bros., sales_____
Pay-roll index
113
43
Reflectors, industrial sales
45 Sinks, enameled
Production, stocks, etc
22, 99
57, 91, 92, 93
Registrations, automobiles
50 Slaughter, livestock
Sales, chain stores
117, 119
Soda, nitrate of
81
Rent:
Stock prices
129
56
Advertisements
64 Soles, rubber
Time operations, factories. _ 114, 115
79
Cost of
26 Steam naval stores
Tools, machine, new orders
42
Reserves, bank
125 Steel (see also Iron and Steel):
:
39
Barrels, washers, and bars
38 Track work, steel.
Restaurants, sales
119
50
Castings
.__ 39 Tractors, electric, industrial
Retail prices:
Earnings
36, 134 Trade:
Coal
34
Business failures
132
Exports and imports
37
Food and coal indexes
26
Canadian
135,137,138
Fabricated products
37
Sugar
97
Foreign
100, 135, 136, 137, 138
Ingots, prices, etc
36
Retail trade:
Mail-order
116, 117
Sheets, production, shipments.__ 38
Chain stores
117, 118, 119
Retail
70, 117, 118, 119, 120
Stock prices
129
Department stores
120
Wholesale
122
Unfilled orders
24, 36
Gasoline and kerosene
52
Wages
111 Trucks:
Lumber
70
Automobile, production
9, 49
134
Mail-order
116, 117 Stockholders, corporations
Electric industrial, shipments
50
Stocks, commodity, index numbers
Rice:
114
(see also individual commodities) _ _ 24 Turnover, factory labor
Exports, stocks, etc
90
Turpentine, receipts, stocks, etc
79
Production (crop estimate)
86 Stocks, corporation:
New issues
130,131
Rims, automobile
50
28
Prices and sales
127, 128, 129 Underwear, knit, production, etc
Rivers, cargo traffic
101
42 Unfilled orders, index (see also indiRoads, construction
75 Stokers, mechanical, sales
vidual commodities)
24
Road building, wages in
111 Stone, clay, and glass products:
110
Employment index
108 Unions, trade, employment
Roofing, production, etc
80
119
Pay-roll index
113 United Cigar Stores Co., sales
Rooms, hotel,, occupancy
105
Production index
22 United Kingdom:
Rope paper sacks, shipments
63
Foreign-exchange rates
135
Production, etc
73, 74, 75, 76
Rosin, receipts, stocks, etc
79
Foreign trade with
137, 138
Time operations, factory
114, 115
Rubber, consumption, imports, etc__ 54
Tea stocks
98
71
Rubber products, production, etc
22, Stools, piano
24, 55, 56, 129 Stores, retail.___. 117, 118, 119, 120, 121 United States Government. (See
Government, United States.)
Structural steel
36, 37
Rye:
101 United States Steel Corporation:
Exports, prices, etc
89 Suez Canal, cargo traffic
Earnings and unfilled orders
36
Production (crop estimate)
98 Sugar, meltings, stocks, receipts, etc_ 97
Stockholders
134
St. Lawrence Canal, cargo traffic
101 Sulphur, production
81
Wage rates
^
111
Sacks, rope paper, shipments
63 Sulphuric acid, price and exports
81
47
Superphosphate, production, etc
81 Utah, lead shipments
Sales:
Chain stores
117, 118, 119 Sweden, foreign exchange rates
135 Utilities, public. (See Public utilities.)
Department stores
120 Switzerland, foreign exchange rates. _ 135
Factory. (See individual com41
modities.)
Tax-exempt securities
130 Vacuum cleaners, shipments
Mail-order houses
116, 117 Tea, imports, stocks, prices
98 Vegetables:
Car-lot shipments
90
Wholesale
122 Telegraph and telephone companies:
Marketings, index
23
Sales books, shipments and orders
60
Revenue and earnings
106, 134
Vegetable oils, production, stocks,
Salmon, canned, shipments, etc
98
Stockholders, American Teleetc
82, 83, 84
Sand,lime brick
74
phone & Telegraph Co
134
Sanitary ware, shipments, etc
43 Ten-cent stores, sales
117, 118, 119 Vehicles (see also) Automobiles, Shipping, and Railroads):
Sault Ste. Marie Canal, cargo traffic. 101 Terra cotta, new orders
73
Employment, index
108
Savings deposits, New York State
125 Textiles:
Pay roll, index
113
Schulte, A. (Inc.), sales
119
Burlap and
fibers
33
Production, index
22
Sears, Roebuck & Co., sales
116
Clothing
25, 26, 28
Time operations, factory
114, 115
Securities:
Cotton
29,30
Unfilled orders, index
24
Held by life-insurance companies- 124
Cotton manufactures
29, 31, 32
72
New issues
130,131
Employment index
108 Veneer, rotary-cut
Prices and sales
127, 128, 129
Hosiery and knit underwear
28 Venezuela, petroleum production, etc. 51
Tax-exempt, outstanding
130
Machine activity
27 Vessels. (See Shipping.)
Mill dividends
31 Vitreous china, plumbing fixtures 74
Sheep, receipts, shipments, prices and
slaughter
91
Pay-roll index
113 Vulcanized fiber, consumption, etc.. 45
Sheet-metal ware
48
Prices, wholesale
25, 29, 33
110, 111
Production index
22 Wages, factory, etc
Sheets, steel
38
119
Shelter, prices of, index numbers
26
Pyroxylin-coated
33 Waldorf system, restaurant sales
69
Shelving, steel, shipments, etc
37
Rayon
33 Walnut, lumber and logs
130
Silk
29, 33 War Finance Corporation, loans
Shipments. (See individual com116
modities.)
Stock index
24 Ward, Montgomery, & C o
105
Shipping:
Stock price index
128,129 Warehouses, public merchandise
38
Fuel consumption
34, 53
Time operations, factories. _ 114, 115 Washers, lock
Ocean and construction
100
Unfilled order index
24 Washington, D. C., Government employment in
108
River and canal cargo traffic
101
Webbing, elastic
33
41
Shoes:
Wool
27,29 Washing machines, electric
106
129 Water, electric power from
Production, prices, exports, etc__ 58 Theaters, stock prices
Water softeners and systems
41
Rubber heels and soles
56 Thompson, J. R. Co., restaurant
53
Sales, chain stores
117, 119
sales
119 Wax, production and stocks
33
_. 73 Webbing, elastic, sales
Wholesale trade
122 Tile, floor and wall



148
GENERAL INDEX—Continued
Page numbers refer to data in detailed tables (pp. 22-138) only. Items in the text are arranged in groups, which should makd
references easy without the necessity of an index. See also "Table of Contents," page 1
Page

Welding sets, electrical
46
Welland Canal, cargo traffic
101
Wells, oil, completed
51
Western pine lumber, production,
etc
68
Wheat and wheat
flour
86, 87, 88
Wholesale trade:
Price indexes
25
Sales
122
Wire cloth, production, etc
44
Wisconsin, employment and earnings
109, 112




Wood distillation:
Consumption and stocks
77
Marketings
23
Wood pulp
63
Woodworking machinery
42
Wool:
Marketings, index
23
Prices, wholesale
29
Receipts, imports, stocks, etc
27
Woolworth, F. W., & Co., sales
118
Workers:
Employed, factories, etc
108, 109
Registered at agencies
110

Worsted yarn, wholesale price

Page
29

Yarns:
Prices, cotton and worsted
29
Production, etc., cotton
32
Yields, bonds and stocks. __ 127, 128, 129
Youngstown district, steel workers'
wages
111
Zinc, prices, production, stocks, etc _ 22, 47

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PtIBUCATIOKS OP THE DEPARTMENT* OF COMMENCE
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, Scallop Industry ^f North! Cardlfna^ by Jaliies S. Gutsell!
Temple Society in ^Xieriei., >]P^pejcy 7|'pages, price ^f*; ,' ; ^ ^
Bocum^nt No, 1043, , (Apperid^x V^ to the, Report ,of the U. g,
Assembliies of Godr Qenerar,Oi(>ti3icil.' Paperr 11 pagesi(priee,50.
i
Commissioner ofN= Fisheries, for 19&V pp^ 17^-197,' 11 , Illus'.)
Discipi^df Christ:'' Fa^ef/lf $ales,jprice50. l ?
,^
, Gives natural history, ojf the scallop arid: ^howk growt^ df the
Baha'is. Paper.
11 pag^s: price 5^.
, ,MennonitesBpdies. reaper, 76^>ages, price 100. . '. \ * , „ _ '
mdustryvin jjortn Carolina,
'Lat^ef^DaySaipts." J^aper^^,pa^es price 50. V
" ,
f

. Liberal GathoUe Charch.^ ,3rapBr^ 10 pages, price 50.xx x -,
. Apostolic Ovarepmia^HoJ&Charch of <3od. Paper, 77 pages,
pag« price(50;

'Papery6p^ge%,priQe60. '" \

/ Fiaaiiclal
/nary summaiy
tax leyies, revenue^

\
";

, valuation of
it^^, g^vemmenf expenses,1 said in-'
fes f or
'

,
,
v
OF POREION AND
^>,;

/X^he publications of 1

also be purchased fronj the b^eau <^r< %its
- ' - -

, , . _ , V .BUREAU OF MINES / . ' / " > " « - ,
Goal-Mine Fatalit(e^ in IJriited States, 192^, Jby Wjilliam W.
Aidamsvi Bulletin 2§8VviTf-120 pages. ;Contains ^taiiistxcs re- ' '
gardi^g siimber and causes of aceidents in jcoal mines in United.
List *>f PttTOcatiions^ 'Bureau of Mlaes^'t^itlt Index by feub^
jects and Authors. ii4-153^ pages.A Indtides all the .pnblicar i 5 ,
\tiins<issue;d by tKe Bureau of Mines from ISlO tcf?luii^, 192S, '
Mineral Resources jof United iStaites, 1S26* iiie reports
o'n mineral'resources are ibst issued in the ^orjoa Of bii^etins^.bf *
.whicli the f^llowfeg lias been released since the January announcement" istnd may be obtained at the price indicated: ,
r,
Galdr Sp^er^ Copper, %ead, and Ziujs in €kd.oradQ ia^lSfiS.1' (£t, I,, pp, ,

lf,ayig^tioil 4>jf United States for
^ I, kxx-f524 pages. €ontams / ', '.:'
Pt^AtT Ol1 NAyi<}ATEI0k - ' SN export^ and imports by '
Amendments to Navigation Laws of 1927, iftrst Supplem^ttt.V '
' ''
22, jrages.. l^hese; chi^Qges in, the laws ^relating
tor navigation .
I foreign Comnteree ^f United States, ^and"the merchant ^Hiarind were tiaade. by1 Ck>ngress\prior to,
v
No>, 1928. Part^ F ak^ II. F^rt I (sontains statistics of
May29, 1928. •pridj^'5^," ' ^ ' ' , * ^ ' * / * • - \ ^ ; >
\ ^. ^
^ exports of ^d^^festic Me^riehaadiseV "atid imports tyy^^rticles for
November, 1^27 ari4 1^28, and for 11 mou^hs>e,^de,d Novem-,
COAST AND GEODfiTIG
v
,/ ber, 1^27 and 192&^|?&r^ J^/"XJoaat^i^s sujoamarie^.pf export
arid^
1
Titfe
Table^
Boston Harbor and Vicinity for Year
N
. impprt tra4e; /mbrjlifily &vera^e 'import .and export prices; 'Serial No.4Sa>ii-f22pages.
Price; 5^. ', , V
,,
\
(
,' v ^.statistics,of^trad©
witl^^^Ala^av/H^wali/and^ori^
Ripo.
Single
Tepogra^|t}cal Manual, vbyO: W. Sw^insott. Special Publi, ^jDpieSjj Parf I,x 10^; Par^i fj^5^. x Annual subscri|)tiOn^$l.25
cation No. 144^ iy 4-121 pages, 2& illus.> ,8 pages o! plates.
\ ^ Glossary off: ^a'i^rx Y&mB ^and Instructions to Exporters ^c>r Describes ,the instruments, and methods u'sed fix making jb
Guidance m Properly Xiittng a«4 jO^sifyJng Exports ^f Paper graphic surveys. Price, '30^
\
,v ^ , /
^
and Paper Products on Shippers' Export Declarations, vi-f 22
Earthquake History ot United Stated Exclusive of
Region, /by N^ H. £^ck.'J Special Pubpation No. 149; ii 4-61
Uniform Throfigfe J!xp0rt; 9ill pf La$ng»^y A.r%ane Crieher. pages, map: 'this is a, discussion of "the; earthquake conditions .
rttde Imormation ,Bu^le^n N€KN593; ii>fjS2 pages. IMscasses in t|ie various "States a-nq gives information relative* to: thb
e; practicability of tlie uplforni trough bill of Mdiiig, its use date, hour, ^ad <in|^nsity of seismic disturbai^ces/ - \ ^
Comparison ®f Old and New Trian^ulatioii in California, by
m, the tJnited States^ -and its, iccepta^iM^r and i^sage fin foreign
eduntrie^/ lit aj>^e1idikes 'are/, ^iven draf ts> of international con- William Bowie* ? SpfecM Publication No. iSl; ivrj- 50 pages, 5 ,
3
^
tentions 'and proposed Je^islationaa the Ignited States relating
to tiiese shipping dbcujaents* Piiee, 10^./ .,
] '^ ,v p ,
Economic Recptetr ojf Europe, and JinproVe^ Purchasing
? CraVeirufng Steamboat Inspection Sertice, E4ition, ;r
l^Muds, by H. B^3^ith^ Ai^eriean
. ^ r a d e Inf^rmatioii ]BuUetin,/'Nd, ,59^; June 24, 1925,. Form 80(g 94;pligesv Obtains extract^ from \
v^ the-'changes^hich ha^e 'takeri/ place in tlie the Revised rStktift^es relating to tne Steamfej^t
Inspecftion
con<Jiti6n df^Eutq|)e 'since
'.Service. \; . ' , \
' ?, -,'t N V' T-' v; • * .,' ;.

* \ , Foreigii Cdiiimerce,
~'' ~ ^ * C^e^jtar - l^ea^' ,^95*^*
\.. ( , statistical -tables; i?h(!3




STEAMBOAT INSPECTION SERVICE

CHIEF tUNCT|Ql4S O^ ^HE DEPAETMENT OF COMMERCE
WILLIAM/F, WHITING,Secretary pf CJommercfe t\, ., , ^ , /
WALTER F. BKtfwisr, Assistant Secretary of ^flai&eree. EPHKAIM.F. MoE<3Ak, Solicitor

BUREAU
^, Jr., A&istaift Se&qteary of
Gottunerce
l
" , ', f ' ;- '*'.'' .
for Aeronautics,, J
;, ' r[ ^
(
(
Esraby$Maen$ of civil airWys^and
^
maten&nce el aids to ajar'
,
r ,
li; inspection ao^ registration of aireratfe and licensin
in order to J>reve^t the 4epJettotf ^f ihifish^rie^;
inyestigations:
of ^Ipt?;' enforcement of ak fr^ffi^ rules; ih
1
b4 promote,, cpnser^ion of
T
dtmts; ^ei^aur^felttieiit,, o| municipal $}r ppfts;< fpstefiag
^
'research",
" itx tte^on^uties; and disseniin£* , ment of, <^>Jilmeirb|al fislierie^ a^d.a^ri^ture^study of f.fisl^er
and
j p i i of infjfrrm&tipa relating' to conimerjiiil
aeronautics. V {Som'0
o^ Alaska, $s£fenes a^d, fi^jt
of; $*ese fi^djtiontf are pgn0ra)$d?1 by special divisions qTthe; fishery statistics \
iise Sertfiife, the ^ufeau t>f Standards, • and the Co^s
d$iip StoveyO > ' > ' ;,',f ; " ' ' / - V -' ' - '
*-« -"'", \

'"

vv

-ill&to'HE'eBNfe

. -/ c r ^'-.Crfid^k. BJ/P^TOAM^^^ini^siQ^r,^ ^l,^

i Taking ^censuses of population^ inmates of ins
and qua^x|eisrforest,products^ and waiter ^ttoA ,
_ _^
if ' y!0 ye^lsi^^strpes of agriculture apd ^eetneai Jpubiic-utilities,
>l
> ^ -every t» yeto:'&nd"a Census of manufactures ev^ary >£ years. ^

v c

' 'v'

l

^^^^-^-Tice o^ ligtftl^pus^i^d bifaer^aids to —-- '- ^ ^ ^
cj
>«

nc

^ , ' inaludln^l M^ ^tf .statia^ids &f steeal ^fernments, 0vefy 10
-...r. i !^\ J -.-.. u i«--i t i^- Q| ii!$5icisl/stotasties of State and,
.
> ^ i j
, r
^| statistics, of ^at^iage, Wtofce, birthsl de
,\ iand penal ItistituMo^s.anouaJly^ anij of de$t& ates in cities &
<*j|Lthly pf etatlstics on

in the
-"

p

ey o^ Ctlrrent Business cjf moi^tbly «o|hmet6iaj.

•-

/"'

r •

^ ^ /

BtlBEAl dE FOBB1GN AND BOl^ESTIC

: -^ '

, ,
Director
The eo&eotibxx of finely inf orinatloni
Amerfcah

,

^<43ttAST
ol the pdasts of the ^^^4 States and publication i
* toM?avi^tioh of vtte adjacent ,wate^9, incl v"
^^e;^%ri0r; Control ^uryeys
1 current pb^vations^attd
,
.
.,
.
.
PubHcatoa of Results tliroF\ijgh cnatts, .coast pilo/ts, tide tables.
tabled, and, sjR^M publications.
:/ /^
"^

^drldforeign

, and
consular officer^, and its jdistHbution tlii;ciugh;weekly Commerce
ijb|tflejkis, confidential circulars, tie news and trade

* «

of comcapdity, te^ical, and regit^a!
Qipd; ^pecial iservice/to.Ai^^ic^n l exporters and
^ manufacturers.
\, -\ •" -•, '% - ' ^ i** " f
" "
'^ , -/>'"
A:* Tie eotepUatidfir Imddistfeibutipn of IJsts of p^jssible buyers
^ tieworld $nd
pro4uc^s in all ^afcts^pf
tion of weekly lists of specific sales opportunities abroad,
, ? 'Statistic^ on impdrts
Tfa^ ^tMy/ol^i^ ,pi;ocie^es of domestii? toJe and

J.

.

,». ,• f .
Superintendence of
n o|

ixeVciai marine1 and m0rcSat$ seamen.
ng; »un^beriiig, ,
aad the
annual
'
,
.ibta^i^tibp ai^d tl steamboat inspection
" lawB, Including
imposition
df fees^4 fine^
tonriagejtexes,
^tc. \^
/4
; J
1
4 v v

'.•" , -'*/ ; 'v -' < ' ^

^V^; ^-' '] 'x-;' " 'r '' .i 'C'j .'",
_

;

BUREAU O^ STANBAttbs

,,

Director, t
\,
i and ponstnictidii ,6^ standards
, p^rforma^ee, ,or .practice^ .
scientific ojr other inititufloiis;
antsand propeiftles^of ihateri^lg
tests o^ materials? .arid ^processes'; and publication ^of ^ci
'
^
fundamental technical data. ;
^
> Prdpai^tion , pf speeificatioiis foip Government
tliroiigh the Federal
^eci^cationji Boartf.
',
Collesc/tion .:and disseltiinajiion
0f fnfptmatioia
%
b«fldiii& dories, and ^%platoirig ati<i constructor of iouses,
JBstawisIimebt \of} Amplified ,com?iie|:ciai practices
cpoperatiioit ^tn bjd^iiess or^ani^tiojif5 m or4er,tp T
from excessive variety in commoditaes.

'
it Director . ' - \ r ;-".> ^''
in the ' ni^nmg^r< preparation and ^
, of inin^ils^ including" the sttify ;of mine hazards tne^hc/ds^i,nd ojf i^^roveil &tetho4B in, t^e jpro-*

and

Su
r General
*
x
The ihsj^ct^on of in»erch^pii vessels, iijclu<iing boilers,
and life-saving equipniient, licensing of J^fficers^of /vessels,
fi[cfatfoil *£ able seam^a an4vKfeboat m0&,Jftnd t^e^yebt^
o^ ViolaMpnso£stHmboatins|>©c^ion
1
.
N

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>.STATiif
^TBl&IT,OFnEpB
, *•',;,' :*>
'
>- '
-> < ^ r
',
',
l

E» ItofeB^^splf*' Oommissioner
- Tl^e
granting of patents and the registration of titbde-jnark%
*' J \t and labejis; after technical examiiJLation and jud^c!^ proLfctt^nand® o^ library wi^S public seardh room, containing
._^ Y _,Jof foreign an^t Umte^f Slates patents and t^de-m^brks.;
Bec'ordiijg bills of sale, assignments! .ftc., relating to p4t$xd#^
"
Puraisbi^g 4^fpte of records pertaining to
Publication df the^%eeHy^ Officiai Gazette, s^o^ring t

i^ <>fi Gov^mefil fuejfs" ^nd Bpt^aafeeiment of the ~
.V

ch on *$&
; of
t i n the €
lection of statistics fn mineral ifesourc^s and iiqiiie
disB^mination of results of technical and economic
:VA^




5Jw>

i-i«'n>U.?»vm

' ^nnW^innl

Wn t-vA«.ci

-ivt^ncztl

miscellaneous p

' Itispection of radio stations oh ships; inspection of radio sta-

Vt^aoira«MAC*

"and seWkg iaternatioaal