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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
JANUARY, 1927
No. 65

COMPILED BY

BUREAU OF THE CENSUS
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
BUREAU OF STANDARDS
IMPORTANT NOTICE
In addition to figures given from Government sources, there are also incorporated for completeness of
service ficwrqs from other sources generally accepted by the trades, the authority and responsibility
for which are noted in the "Sources of Data" on pages 152-155 of the August semiannual 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, 22,25; single copies (monthly issues), including postage, 14 cent£; semiannual
issues, 36 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the SURVEY $5.50 a year. Make,
remittances only to Siiperintendeni: of Documents, Washington, D. C., by postal money order, express order, or New
York draft. Currency at sender's risk. Postage stamps or,foreign money not accepted



WASHINGTON I GOVERNMENT PRINTING OFFICE : |9J7

INTRODUCTION
THE SURVEY OF CURRENT BUSINESS is designed to
resent each month a picture of the business situation
y setting forth the principal facts regarding the various lines of trade and industry. At semiannual intervals detailed tables are published giving, for each item,
monthly figures for the past two years and yearly
comparisons, where available, back to 1913; also blank
lines sufficient for six months have been left at the
bottom of each table enabling those who care to do
so to enter new figures as soon as they appear (see
issue for August, 1926, No. 60). In the intervening
months the more important comparisons only are
given in the table entitled "Trend of business movements/'
ADVANCE SHEETS

E

Realizing that current statistics are highly perishable and that to be df use they must reach the business
man at the earliest possible moment, the department
has arranged to distribute advance leaflets every week
to subscribers in the United States. The leaflets
are usually mailed on Tuesdays and give such information as has been received during the preceding
week. The information contained in these leaflets
is also reprinted in "Commerce Reports," issued
weekly by the Bureau of Foreign and Domestic Commerce. The monthly bulletin is distributed as quickly
as it can be completed and printed.
BASIC DATA
The figures reported in t^e accompanying tables are
very largely those already in existence. The chief
function of the department is to bring together these
data which, if available at ^11,; are scattered in hundreds of different publications. A portion of these
data are collected by Government departments, other
figures are compiled by technical journals, and still
others are reported by trade associations.
RELATIVE NUMBERS
To facilitate comparison between different items and
render the trend of a movement more apparent, relative numbers (often called "index numbers," a term
refining more particularly to a specialkind of number
described below) have been calculated. The relative
numbers enable the reader to see at a glance the
general upward or downward tendency of a movement which can not so easily be grasped from the
actual figures.
In computing these relative numbers the last prewar year, 1913, or m some instances a five-year average, 1909-1013, has been used as a base equal to 100
wherever possible.
The relative numbers are computed by allowing the
monthly average for the base year or period to equal
100. If the movei&ent for a current month is greater
* than the base, the relative number will be greater than
100, and vice versaL The difference between 100 and
the relative number will give at once the per cent
increase or decrease compared with the base period.
Thus a relative number of 115 means an increase of 15

per cent over the base period, while a relative number
of 80 means a decrease of 20 per cent from the base.
Relative numbers may also be used to calculate the
approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative
number at one month is 120 and for a later month it
is 144 there has been an increase of 20 per cent.
In many instances comparable figures for the prewar years are not available, and in such cases the year
1919 has usually been taken as the base. For some
industries 1919 can not be regarded as a proper base,
due to extraordinary conditions in the industry, and
some more representative period has been chosen.
In many cases relative numbers of less importance
have been temporarily omitted.
Most of the relative numbers appear in a special
section of the semiannual issues, as in Tables 111 to
131 of the August, 1926, number, thus allowing easy
comparison on a pre-war base for all items for which
relatives could be computed.
INDEX NUMBERS
When two or more series of relative numbers are
combined by a system of weightings the resulting
series is denominated an index number. The index
number, by combining many relative numbers, is
designed to show the trend of an entire group of industries or for the country as a whole, instead of for
the single commodity or industry which the relative
number covers. Comparisons with tHe base year or
with other periods are made in the same manner as in
the case of relative numbers.
RATIO CHARTS
In many instances the charts used in the SURVEY
OF CURRENT BUSINESS are of the type termed "Ratio
Charts" (logarithmic scale), notably the Business
indicator charts on page 2. These charts show the
percentage increase and r allow direct comparisons
between the slope of one curv£ and that of any other
curve regardless of its location on the diagram; that
is, a 10 per cent increase in an item is given the same
vertical movement whether its curve is near the bottom or near the top of the chart.
The difference between this and the ordinary form
of a chart can be made clear by an example. If a
certain item* having a relative number of -400 in on&
month, increases 10 per tfent in the following month,
its relative number will be 440, and on an ordinary
chart would be plotted 40 equidistant scale points
higher than the preceding month. Another movement with a relative number of, say, 50 also increases
10 per cent, making its relative number 55. On the
ordinary (arithmetic) scale this item would rise only 5
equidistant points, whereas the previous item rose 40
points, yet each showed the same percentage increase.
The ratio charts avoid this difficulty aftd give to each
of the two movements exactly the same vertical rise
and hence the slopes of the two lines are directly
Comparable. The ratio charts compare percentage
changes, while the arithmetic charts compare absolute
changes.

This issue presents practically complete data for the month of November and also items covering the early weeks of
December received up to December 27. (See charts and table, pp. 4 and 5.) As most data covering a particular month's
business are not available until from 15 to 30 days after the close of the month, a complete picture of that month's
operations can not be presented at an early date9 but the advance leaflets give every week the latest data available.



UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY
BUREAU OF THE CENSUS

:

: BUREAU OF FOREIGN AND DOMESTIC COMMERCE

BUREAU OF STANDARDS

JANUARY

No. 65

1927

CONTENTS
SUMMARIES

Preliminary summary for December
Course of business in November
Monthly business indicators (table and chart)
Weekly business indicators (table and chart)
Wholesale price comparisons (table and charts)
Indexes of business:
Condensed summary
Text and chart
Detailed indexes (production, prices, sales, etc.)
Basic steel and related products (charts)

Page

1
9
2, 3
4, 5
6, 7,11
9
10
22
8

NEW DETAILED TABLES

Census of manufactures
Clay products and nonclay refractories
Domestic water softeners
Factory labor turnover

19
16
13
11

INDEX BY SUBJECTS

Textiles
Metals, metal products, automobiles, etc
Fuels
....
Hides and leather
Rubber
Paper and printing
Building construction and housing
Lumber products
Stone, clay, and glass products
Chemicals and oils
Foodstuffs
Tobacco
Transportation and public utilities
Employment and wages.
Distribution movement (trade, advertising, etc.)
Banking, finance, and insurance
Foreign exchange and trade, gold and silver

Text Table
page
page

12
12
14
14
_.
14
15
15
15
16
17
18
19
11
19
19
20

25
27
30
31
32
32
33
34
35
36
38
41
41
43
44
45
47

PRELIMINARY SUMMARY FOR DECEMBER
^ Measured by check payments, the dollar volume
of trade in December, as seen from early weekly
reports, was somewhat below a year ago. The production of coal and petroleum was greater than last
year, while the output of lumber and beehive coke
was running smaller.. The volume of goods moving
into consumption, as seen from car loadings, was on
about the same level as last year. Contracts awarded
for new construction were smaller than a year ago.
Wholesale prices continued to average lower and
during the month reached the lowest level in almost
two and a half years. Loans and discounts of Fed25368—27

1




eral reserve member banks showed little change from
the previous month, but were well above a year ago.
Kates on call money averaged higher than in November, but were generally lower than a year ago, with
similar comparisons for time money. Stock prices,
both industrial and railroad, averaged higher than
in November and a year ago. Loans to brokers and
dealers by Federal reserve member banks in New
York City expanded during the month. Business
failures were more numerous than in either the preceding month or December, 1925.

MONTHLY BUSINESS INDICATORS: 1920-1926
[Ratio charts—see explanations on inside front cover. The curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production
for the varying number of working days in the month]
RELATIVE TO 1913 AS 100
350

1920

1921

1922 1923 1924 1925 1926

RELATIVE TO 1918 AS 100

1920 1921 1922 1923 1924 1925 1926

PRICES 25 INDUSTRIAL STOCKS

INTEREST RATES, COMMERCIAL PAPER

WHOLESALE TRADE

DEPT,' STORfe TRADE (359 STORES)

I

I

I

I

WHOLESALE PRICES (DEPT.OF LABOR )

100
250
200




-FARM PR ICES (DEPT. OF AGRICULTURE)-

MANUFACTURING PRODUCTION

, , I , I(Q4.CQ^.MOPIT.IE

AUTOMOBILE PRODUCTION

( PASSENGER CARS AND TRUCKS;

1920 1921 1922 1923 1924 1925 1926

1920 192! 1922 1923 1924 1925 1926

200

MONTHLY BUSINESS INDICATORS
The following table gives comparative relative numbers for a selected list of important business movements. It is believed
that this table will prove useful, because it segregates from the large mass of material a comparatively small number of items which
are often regarded as indicative of business in general.
The table has been divided into two parts, the first containing those items for which relative numbers can be calculated, using
1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of
relative numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the
absolute value of the two sets of data. In either group, however, the upward or downward trend of the relative numbers, compared
to previous months, does reflect the present tendency in each item and will give a basis for business judgment.
1925

MONTHLY AVERAGE

1926

ITEM

1930 1921 1922 1923 1924 1925 Sept. Oct. Nov. Dec. Jan. Feb. Mar.,\pr. May June July Aug. Sept. Oct. Nov.

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

120
135
99
108
98
119
283
178
105
119
113

54
64
38
107
99
87
312
189
97
113
117

170

90

130
144
120
153
104
118
407
295
117
130
160

101
122
128
164
99
101
434
287
99
133
151

118
146
136
177
68
109
470
304
115
139
128

106
138
232
240
1
117
450
313
104
144
97

118
154
138
207
1
133
495
311
117
173
122

118
155
131
137
2
127
535
297
117
137
127

127
158
135
94
3
132
558
294
124
152
162

130
164
138
77
2
135
578
288
125
139
168

114
151
132
79
27
117
559
264
122
120
127

134
178
147
129
115
116
545
293
136
136
136

135
163
143
175
108
101
537
290
124
137
120

136
156
143
243
106
98
506
302
111
139
119

126
149
139
259
117
105
499
298
111
150
136

126
145
140
254
111
109
489
313
99
136
129

125
159
140
251
108
116
497
321
108
140
118

123
156
141
245
111
123
521
315
123
164
100

130
162
146
237
114
137

126
148
146
153
98
150

333
122
166
101

335
126
155
119

96 102

68

73

63

70

78

85

83

78

74

65

61

59

61

60

61

62

64

87
114
80
131
58
85
349
224
109
126
130

143 171 265 311 369 290 287 284 283 278 278 274 274 273 271 268 265 264 265 264 263
155 198 153 125 111 129 129 185 216 237 226 213 192 168 143 119 98 85 137 217 260
226
203
... 207
205

147
153
197
116

149
142
188
124

154
146
190
135

150
146
169
134

159
145
167
147

160
159
163
144

158
162
170
143

158
167
179
144

156
166
179
143

156
164
179
143

155
162
179
143

152
160
170
140

151
162
168
140

152
161
161
139

152
160
160
139

151
157
160
136

149
156
162
133

151
159
170
134

150
160
177
130

148
162
188
130

108 229 228 197 198 162 134 129 157 160 191 150 134 169 147 129 130 123 131 146 143
184 136 169 185 198 262 280 298 305 305 309 309 272 249 253 268 280 296 296 283 295
67 64 75 72 81 99 102 102 107 111 111 109 105 104 106 111 113 116 120 114 117
257 205 230 226 264 300 276 329 298 342 344 272 356 329 297 307 302 275 271 309 282
275 212 230 276 284 315 316 358 323 348 341 288 339 324 316 329 334 304 313 344 317
134 118 80 90 71 73 76 80 79 79 79 75 78 76 72 70 72 78 80 82 80
294 140 177 212 201 236 234 250 252 266 279 260 297 266 215 226 227 225 230 253 252
331 181 154 168 185 198 203 237 216 226 192 170 181 187 172 163 178 186 217 215 232
264 188 204 259 284 327 309 464 396 473 336 322 357 344 299 309 284 286 336 417 425
137 105 115 139 131 139 151 161 149 139 138 130 141 133 146 144 153 160 162 177

1919 monthly average** 100
Production:
Lumber •
Building contracts
Stocks:
Beef.
Pork
Business finances:
Bond prices (40 issues)
Banking:
Debits outside New York City.
Federal Reserve—
Bills discounted...
Total reserves
Ratio

102
72

86 117 133 129 141 153 157 140 127 113 130 146 142 148 148 139 143 141 143 141
69 102 106 108 138 155 148 146 137 117 90 150 155 153 142 125 141 139 135 131
34
90

34
82

17
59

31
45

36
56

34
67

33
74

30
78

22
74

21
78

42
83

86

87 107 104 108 112 111 111 112 112 114 115 115 116 117 117 117 117 116 116 118

114

91

29
70

32
91

66
98

20
46

25
76

19
86

18
84

20
67

26
52

36
47

95 107 108 121 119 137 121 137 134 114 133 128 122 128 135 118 121 135 123

132 91 28 39 19 26 33 30 32 39 23 28 33 27 24 27 27 32 37 33 33
97 122 144 146 146 134 131 132 131 129 135 133 133 135 136 136 137 135 134 135 135
80 122 154 152 160 149 144 144 142 134 149 147 146 151 151 150 152 148 145 147 144

* Data since January, 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods.
«Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture.
• Based on the total computed production reported by 5 associations. Includes southern pine, Douglas flr, western pine, North Carolina pine, and California white
pine. The total production of these associations in 1919 was equal to 11,401,000,000 board feet, compared with a total lumber production for the country of 34,552,000,000
board feet reported by the census.







WEEKLY BUSINESS INDICATORS
[See table on page 5]
WEEKLY AVERAGE, 1922 -IS24 =100.
BITUMINOUS COAL, PRODUCTION

FISHER'S INDEX, WEEKLY AVERAGE 1923-1924= 100WHEAT. RECEIPTS

JAN. [FEB. [MAR.[.APR. | MAY |JUNE JULY[ AUQ. SEPT.] OCT. |NOV. [DEC.

FISHER'S WHOLESALE PRICE INDEX
FEB.

JAN.

J

is

V

MAR

APR.

MAY

JUNE JULY AUQ.

SEPT.

GOT,

NOV.

OEC.

'"\

\\

V"

V*

• v/' v*

.

."
/

•v /?A

,/

V V.A

..••*

\

*x«

'*•*•*

K

ft

JJ-L,

COTTON PRICES MIDDLING NEW YORK

LUMBER PRODUCTION

COTTON RECEIPTS

IRON AND STEEL COMPOSITE PRICES

BEEHIVE COKE PRODUCTION

WHEAT PRICE NQ.2 RED WINTER

PETROLEUM PRODUCTIONCDAILY AVERAGED

LOANS AND DISCOUNTS F.R.MEMBER BANKS.

BUSINESS FAILURES(NUMBER)

WEEKLY BUSINESS INDICATORS
Bank loans and discounts

Debits to individual
accounts

Call-money rates

Business failures

112.1
109.1
112.1
121.2

88.1
102.7
109.0
95.3

95.3
95.2
95.2
95.2

143.9

119.8
120.2
120.4
120.8

124.7
123.9
141.4
133.6

121.2
124.2
124.2
142.4

105.0
107.5
112.7
83.1

78.1
78.5
79.6
78.9
78.5

95.5
95.5
95.5
95.3
94.9

152.8
153. 7
152.8
152.8
148.8

121.8
121.3
120.2
120.0
119.3

109.8
153.2
129.8
135.2
124.0

145.5
97.0
109.1
97.0
109.1

93.0
137.3
142.5
127.6
128.4

114.9
114.9
114.2
113.3
113.2

122.3
121.6
121.6
123.3
120.0

234.8
132.0
117.6
130.6
157.8

149.0
113.4
90.7
74.6
81.0

311.9
309.4
337.4
327.7
325.1

142.8
156.6
155.9
149. 5
143.7

78.1
73.4
70.7
70.6
80.6

102.3
101.7
102.0
101.7
102.9

87.5
83.4
81.9
82.3
74.7

91.1
91.1
91.1
91.5
92.4

134.1
134.0
138.8
127.8

114.8
112.4
113.8
106.2

128.3
129.4
124.6
128.5

112.8
111.8
112.5
112.1

116.9
115.5
116.3
101.5

175.8
141.5
147.2
104.3

95.8
86.5
104.5
104.7

323.8
289.8
285.1

136.7
124.4
119.0
88.7

85.0
87.5
97.6
79.0

103.3
103.4
103.6
104.2

79.2
78.9
78.5
80.8

93.6
94.3
94.5
94.6

141.8
142.2
139.8
92 9

108.1
110.5
111.4
72.9

130.7
127.6
137.3
114.5

111.9
111.2
110.5
109.8

112.2
110.9
106.4
77.1

181.4
142.1
142.3
110.2

117.3
116.3
104.1
74.4

293.6
283.0
242.6
206.8

123.5
125.1
119.3
65.3

110.0
110.2
102.8
70.6

105.1
103.6
102.7
102.9

78.5
74.3
73.2
74.7

117.5
143.5
144.0
136.9
138.4

56.7
81.4
94.3
101.9
103.8

128.5
127.2
136.4
150.4
148.7

108.2
107.7
106.8
105.7
103.8

81.5
99.7
103.0
101.3
101.7

152.3
131.8
119.2
182.7
115.5

41.6
75.7
63.0
55.9
53.0

174.0
132.8
112.3
119.6
106.0

71.4
103.9
105.1
102.2
83.3

97.2
122.7
112.5
94.7
102.0

103.8
103.8
103.4
103.7
104.0

6 .. . 134.0
132.3
13

Price of iron and
steel (composite)

82.0
89.0
99.1
98.2
114.5

Price of cotton middling

114.8
116.7
114.8
116.7
116.7

Wholesale prices

121.3
128.7
129.7
133.2
137.5

WEEK
ENDING »—

Receipts of hogs

Receipts of cattle

131.8
114.4
145.8
124.4

Receipts of cotton

120.0
119.9
119.9
119.4

Receipts of wheat

136.6
138.2
137.4
140.7

Building contracts

87.3
90.5
83.8
80.6
92.8

Car loadings

121.2
112.1
100.0
103.0
121.2

Petroleum production

126.9
138.7
118.0
137.5
122.4

Beehive coke production

138.2

118.3
118.2
118.6
118.7
118.9

Lumber production

125.2
130.1

Bituminous coal
production

Price of No. 2 wheat

All data are given as relative to the weekly average for 1922 to 1924 as 100, except wholesale prices, which are based on 1923 to 1924 average

1925
Oct.

3
10

17
24

.

31. -

Nov. 7
14
21

28

Dec. 5
12
19
26

rns

1926
Jan.

2

9

16
23

30

20
27

126.8
120.0

108.1
110.5
108.1
107.1

161.0
158.8
154.8
140.4

104.5
104.3
104.3
105.6

100.6
100.8
102.4
100.3

93.2
77.0
102.8
146.7

51.9
48.9
60.8
40.6

101.3
97.9
87.7
71.1

87.8
85.5
78.8
82.3

94.4
93.7
79.0
80.9

104.0
103.3
102.0
101.3

78.5
78.5
78.5
75.1

94.9
94.9
94.7
94.7

156.1
148.8
145.6
147.2

119.6
119.8
119.4
119.2

132.4
123.3
121.7
107.7

112.1
118.2
115.1
127.3

128.9
9*4.8
118.9
104.0

Mar. 6
13

115.2
117.8
113.1
106.0

109.5
111.4
114.8
118.1

115.8
115.4
115.4
109.7

105.3
106.1
105.8
106.0

106.0
106.3
107.4
106.4

106.4
119.6
167.0
157.1

45.7
36.6
42.1
42.1

68.5
65.5
68.1
71.5

81.0
83.3
85.9
88.4

90.1
82.9
85.6
78.6

100.3
99.9
100.1
98.8

73.6
74.0
72.8
72.8

94.7
94.7
94.6
94.6

139.0
137.4
142.3
130.1

119.8
119.0
119.3
119.3

143.5
121.7
133.6
122.2

112.1
103.0
103.0
118.2

120.4
122.1
97.5
110.2

99.6
103.8
102.5
102.1

116.7
115.7
119.0
118.1

102.6
100.0
102.2
100.0

106.7
106.7
106.4
107.2

102.0
102.2
106.1
107.0

165.1
207.4
184.9
128.6

31.4
39.4
33.6
42.4

57.4
51.9
48.1
43.0

69.8
74.3
82.0
88.7

59.9
68.9
74.8
74.6

98.9
98.2
98.8
98.5

73.2
72.8
72.5
71.3

94.6
93.8
93.8
93.6

136.6
142.3

120.2
119.4
118.9
118.7

124.0
133.1
126.2
129.6

115.1
97.0
109.1
84.8

98.5
99.8
108.2
117.9

100.5
99.6
102.4
102.3
106.7

111.4
109.5
111.4
112.4
113.8

92.1
93.0
89.3
92.5
85.1

109.1
109.3
109.6
108.9
110.3

109.4
109.5
113.2
114.2
118.8

165.2
166.4
147.2
190.0
168.3

41.9
42.3
37.3
43.4
58.2

49.4
43.4
44.3
39.6
40.4

99.0
98.1
87.1
86.8
95.8

78.7
74.5
66.5
72.1
78.7

97.9
98.5
99.2
99.6
99.4

71.3
72.5
71.7
70.9
71.3

93.4
93.4
93.3
92.8
92.5

134.1
135.8
137.4
134.1
135.0

119.3
119.8
119.4
118.9
118.7

117.3
134.2
119.7
125.6
118.8

93.9
93.9
90.9
97.0
97.0

122.6
100.3
104.2
102.7
108.0

June 5
12

95.4
106.0
104.7
108.5

105.2
112.4
114.8
109.5

85.5
86.0
80.7
82.0

110.1
110.4
110.3
110.8

104.0
116.5
114.7
116.8

124.5
150.9
134.3
150.6

44.3
44.7
42.3
68.3

36.6
34.0
27.2
18.3

95.5
92.9
94.2
85.9

75.7
92.0
75.7
71.4

98.9
100.1
99.2
99.0

70.9
68.7
69.4
70.2

92.1
91.7
91.5
91.5

120.3
126.8
125.2
117.9

119.4
118.9
120.2
119.3

117.0
121.4
129.8
123.0

100.0
97.0
90.9
103.0

84.8
94.0
99.5
99.5

July

3.
10
17..
24

104.5
91.5
111.4
111.8
116.1

105.2
84.8
107.1
103.8
109.5

71.5
77.2
79.8
74.6
77.2

111.7
111.5
112.6
113.5
116.0

117.9
99.0
119.1
119.3
121.2

125.6
158.2
162.8
134.1
188.7

106.0
166.1
171.6
232.0
309.6

20.4
14.5
22.1
22.1
28.1

96.5
90.0
104.2
94.9
94.2

72.1
70.7
67.1
70.9
68.2

97.9
98.2
97.9
97.1
96.4

69.1
72.1
70.2
71.3
72.5

91.8
91.8
91.7
91.7
91.5

109.8
120.3
117.1
118.7

120.9
120.3
119.8
119.6
119.6

126.8
130.3
129.3
129.9
116.1

115.1
109.1
103.0
97.0
106. 1

92.3
76.1
88.1
89.3
98.8

7_.
14..:::::

111.8
117.1
116.0
123.6

110.5
111.4
110.5
113.3

72.8
71.5
80.3
79.4

117.4
118.5
119.0
119.4

119.1
121.7
119.7
124.9

121.5
152.1
151.8
197.7

284.0
225.0
167.9
131.1

25.1
48.5
59.1
67.7

75.6
99.0
102.9
103.9

70.9
67.1
67.9
59.9

96. 2
96.0
95.9
96.5

71.3
67.2
68.7
72.1

91.5
91.5
91 5
91.5

113.0
111.4
110.6
110.6

120.4
120.7
120 3
120.4

127.2
116.8
122 8
113.0

109.1
109.1
109 1
115.1

93.3
92.3
90 1
91.0

121.3
113.0
126.1
129.1

109.5
99.5
109.5
111.4

80.7
79.8
86.0
86.4

120.4
119.7
119.1
119.0

126.6
113.3
130.5
130.0

145.0
193.4
162.1
180.2

155. 1
146.6
141.2
117.1

112.8
126.0
216.2
275 7

124.1
121.9
134.1
141.5

60.9
60.7
64.2
60 4

96.2
96.7
96.6
96 3

70.6
69.8
64.5
57.4

91 5
91.4
91 9
92 1

108 1
108.9
111.4
111 4

121 3
121.5
122.5
122 0

112 7
101.7
127 4
131 3

115 1
121.2
121.2
127 3

93 8
74.4
81.3
83 6

30

132.3
136.2
136.4
140.0
148.6

108.1
111.4
110.5
108.1
110.5

80.7
91.2
88.2
87.7
86.0

120.3
120.8
122.5
125.3
127.8

130.3
130.2
133.0
132.9
133.7

173.8
141.4
186.4
159.9
168.8

110.9
104.9
87.9
104.6
112.9

355.7
398.7
397 4
391.1
363.0

131.2
147.3
143 1
144.0
151.8

59.5
64.5
67.3
75.1
80. 1

96-6
95.5
96 5
96.7
97 7

54.0
49.4
51 3
47.5
47.9

92 0
92.1
92 8
92.8
92 9

113 0
111.4
113 0
115.4
116 3

123 1
123.3
123 2
123.0
122 4

119 6
143.6
118 7
145.4
127 7

133 3
115. 1
124 2
103.0
109 1

82 8
97.3
93 3
107.2
107 0

Nov. 6
13
20.. _
27

144.4
152.1
157.3
147.8

107.1
103.8
103.8
92.4

84.2
88.6
89.9
86.8

129.2
128.5
129. 9
131.1

125.0
122.3
118.6
103.6

147.3
140.0
137. 4
188.1

99.6
92.4
73.9
70.6

354.0
340.4
337. 9
307.7

125:7
139.2
133.4
98.4

80.7
86.4
80.6
76.2

100.0
99.6
97.2
97.3

47.9
49.4
49.1
49.4

93 2
93.5
93 6
93.7

114.6
113.0
110.6
112.2

122 9
122.4
122 2
122.5

123 2
127.3
130 3
123.6

109.1
106.1
112.1
115.1

95.5
105.2
113 7
98.8

Dec. 4

161.7
155.2
145.6

102.9
101.0
94.3

83.8
80.7
80.3

131.0
131.4

116.3
109.8

96.8
135.4
203.0

65.5
68.3
59.1

311.5
288.5
263.0

112.5
103.5
105.1

98.3
101.2
91.4

97.4
97. 1
95.9

45.7
46 4
47.5

93.6
93 1
93.0
92.8

112.2
113 8
113.0

123.0
122 7
123.0

119.9
126 2
130.7

118.2
118 2
118.2

115.2
115 9
105.2

Feb.

20

27
Apr

3

10
17

24

May 1
g

15 . _.
22

29

19
26

31
Aug.

21
28
Sept. 4

11::....::
18

25
Oct.

2
9

16

23...

11

18...
25

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




6

WHOLESALE PRICES IN NOVEMBER
COMPARISON WITH
PREVIOUS MONTH

ss^kjftjsM^ii-i.COMMODITIES

COMPARISON

DECREASE INCREASE
20
ii—i
—i

10
,1

0 10
i1 ' i1

20 50 40
1—i—i
r—i—i 1 1

30
11

20
11

COMPARISON

INCREASE
10
11

\ • •

WHEAT

WITH SAME MONTH
1925

DECREASE

70 80 50 40 30 20
i 1 ' i—i
1r - 1r
1—r 1i
FARM PRODUCTS* AVERAGE PRICE TQ PRODUCER
0
11

10
11

20
11

30 40 60
1 r 1 1 -|
1

60
r1

1

w/////////////////.

W7&.

CORN

WITH SAME MONTH
1924

DECREASE

INCREASE

10 0
20
1i • 1i • 10
1i —
1i

30
ir

40
i"1

50
i1

60
11

70
11 • ' 80
1i'

'^

••••••••••BBCIIjni

POTATOES

Y//7//////////////^

COTTON

m
\

COTTONSEED
CATTLE, BEEF

fj^/^!^^^/^^^^

v//y////?/////^/////^^

V////////////W

HOGS
LAMBS

.

, ffiTfc

WHEAT. SPRING

'

'

FARM PRODUCTS. MARKET F Ri CE

i

WHEAT, WINTER
CORN

V/////A

1

NO. 2

'

W///.

^5^^^^//^/^

OATS
BARLEY

r
Y/y///%w/W/////////t

E
i

COTTON

^^^^^/^^^^^^

i

UM>.

m
,

•sj

-

B

RYE, NO . 2
TOBACCO, BURLEY

WOOL, «/4 GREASE; BOSTON )
CATTLE, STEERS
HOGS. HEAVY
SHEEP, EWES
SHE.EP, LAMBS

'

m

, Vs.
FOOD

FLOUR, SPRING
FLOUR, WINTER
SUGAR, RAW
SUGAR, GRANULATED
COTTONSEED OIL
BEEF, CARCASS
BEEF, STEER ROUNDS
HAMS, SMOKED(CHICAGO)

&

J£

1

Wfa
CLOTHING
1

COTTON YARN
COTTON PRINT CLOTH
COTTON SHEETING

E

1

|

^1
ir
i

.WOMEN'S DRESS~GOODS
SUITINGS

'1$!^%^^^^

E%%

U%7/,

SILK, RAW
HIDES, PACKER'S
HIDES, CALFSKINS

ir
i
i
i lr

LEATHER, CHROME ( BOSTON )
LEATHER, SOLE, OAK.
BOOTS AND SHOES ( BOSTON )

I

1

•j r

BOOTS AND SHOES (ST. LOUIS)

.

•

COAL/BITUMINOUS

'

' f"'

,

,

,^

~^^^c_

FUEL
COAL. ANTHRACITE
COKE
PETROLEUM

^

E%%^%%3
METALS

'

PIG IRON, FOUNDRY

'

'

' E

PIG IRON, BASIC

j

STEEL BILLETS. BESSEMER

i

COPPER

VSZt

LEAD

TIN
ZINC

,

.

I

1

i
m

LUMBER. PINE, SOUTHERN
LUMBER, DOUGLAS FIR
BRICK, COMMON (NEW YQRKl

,

BUILDING

W/y///A

CEMENT

i

STEEL BEAMS

:t




20

10

DECREASE

MATERIAL

_

AND MISC :L _AN ECUS

\
^
1

vzm

RUBBER CRUDE
SULPHURIC ACID

V///////K

ffitt.&Wfflffltfffl'ffl'fflw
*

0

,

10

20

INCREASE

60

40

»

20

10

(J

1
10

DECREASE

NO CHANGE

20

BO. 40 60
INCREASE

80

70

** NO QUOTATION

90,50

40

30 20
10
DECREASE

• , .

Q

10

20

L

, ,. , _

30 40 50
INCREASE

60

70

80

WHOLESALE PRICE COMPARISONS
NOTE.—Prices to producer on farm products and market price of wool are from U. 8. Department of Agriculture, Bureau of Agricultural Economics: nonferrous metal
from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotation* represent prices to producer or at mill. See diagram on page 6.

PEE CENT

ACTUAL PRICE

INCREASE (+) OR
DECREASE (— )

(dollars)
Unit

COMMODITIES

October, Novem- Novem1926
ber, 1926 ber, 1925

November, 1926,
from
October,
1926

November, 1926,
from
November, 1925

RELATIVE PRICE

(1913 average =100)

October,
1926

November,
1926

November,
1925

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

Bushel
Bushel
Bushel
Pound .
Ton..
Pound
Pound
Pound. ..

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

1.236
.660
1.413
.110
18.66
.0632
.1145
.1111

1.488
.746
1.984
.181
27.64
.0614
.1066
.1215

+1.8
-11.4
+11.8
-6.0
-7.0
17
-5.1
-1.8

-16.9
-11.5
-28.8
-39.2
-32.5
+2.9
+7.4
-8.6

153
121
212
98
92
109
161
185

156
107
237
92
86
107
153
182

188
121
332
151
127
104
142
199

Bushel
Bushel
Bushel
Bushel
Bushel
Bushel
Cwt
Pound
Pound .
Cwt

1.44
1.40
.78
.47
.71
1.01
21.00
.132
.45
9.89
12.97
5.81
13.28

1.39
1.38
.71
.45
.71
.96
21.00
.128
.45
9.39
12.09
5.77
12.70

1.61
1.71
.84
.40
.72
.86
25.00
.208
.54
10.58
11.32
6.79
15.25

-3.5
-1.4
-9.0
-4.3
0.0
-5.0
0.0
-3.0
0.0
-5.1
-6.8
-0.7
-4.4

13 7
-19.3
-15.5
+12.5
-1.4
+11.6
-16.0
-38.5
-16.7
-11.2
+6.8
-15.0
—16.7

158
142
124
125
114
159
159
103
180
116
155
124
170

152
140
114
120
114
151
159
100
180
110
145
123
163

177
174
135
107
114
135
189
162
216
124
135
145
196

7.94
6.94
.046
.057
.09
.170
.162
.303

7.74
6.64
.047
.058
.08
.170
.145
.293

8.54
7.61
.040
.051
.10
.178
.143
.282

-2.5
4 3
+2.2
+1.8
—11.1
0.0
-10.5
—3.3

-9.4
12 7
+17.5
+13.7
—20.0
45
+1.4
+3.9

173
180
131
134
122
131
124
182

169
173
134
135
114
131
111
176

186
198
115
120
140
137
109
170

.329
.068
.090
1.40
.70
3.29
5.78
.161
.178
.45
.43
6.40
4.85

.321
.069
.085
1.40
.70
3.29
5.49
.153
.168
.45
.43
6.40
4.85

.407
.089
.108
1.60
.80
3.60
6.57
.163
.198
.46
.47
6.40
5.15

-2.4
+1.5
-5.6
0.0
0.0
0.0
-5.0
-5.0
-5.6
0.0
0.0
0.0
0.0

-21.1
-22.5
-21.3
-12.5
-12.5
-8.6
-16.4
-6.1
-15.2
-2.1
-8.5
0.0
-5.8

133
129
146
180
222
213
159
88
94
167
96
206
153

130
130
138
180
212
213
151
83
89
167
96
206
153

164
169
176
206
254
233
180
89
105
171
105
206
163

Short ton __ 3.74
Long ton... 11.48
Short ton. _ 4.00
2.050
Barrel

4.39
11.48
4.89
1.750

3.39
11.29
6.88
1.588

+17.4
0.0
+22.3
-14.6

+29.5
+1.7
-28.9
+10.2

170
216
164
219

200
216
200
187

154
213
282
170

Long ton... 20.26
18.00
Long ton
Long ton... 35.00
.1386
Pound
.0840
Pound
.6823
Pound
.0730
Pound

20.76
18.50
35.00
.1358
.0801
.6867
.0720

22.14
19.88
34.75
.1435
.0974
.6214
.0861

+2.5
+2.8
0.0
2.0
-4.6
+0.6
-1.4

6.2
-6.9
+0.7
-5.4
-17.8
+10.5
-16.4

127
122
136
91
192
157
133

130
126
136
89
183
158
131

138
135
135
94
223
143
157

43.54
M feet
17.16
Mfeet
Thousand.. 15.50

43.02
16.23
12.25

48.27
16.50
14.75

-1.2
-5.4
-21.0

-10.9
-1.6
16.9

189
18§
236

187
176
175

210
179
225

0.0
0.0
-14.1
0.0

0.0
+2.6
-66.5
+7.1

163
132
41
75

163
132
35
75

163
129
106
51

FARM PRODUCTS—MARKET PRICE
Wheat, No. 1, northern spring (Chicago)
Wheat, No. 2 red, winter (Chicago)
Corn, contract grade No. 2, cash (Chicago) .
Oats, contract grades, cash (Chicago)
Barley, fair to good, malting (Chicago)
Rye, No. 2, cash (Chicago)
Tobacco, burley, good leaf, dark red (Louisville)
Cotton, middling upland (New York)
Wool, & bloodcombing, Ohio and Pennsylvaniafleeces(Boston) . .
Cattle, steers, good to choice, corn fed (Chicago)
Hogs, heavy (Chicago)
_ .
Sheep, ewes (Chicago)
Sheep, lambs (Chicago)

Cwt

Cwt.,
Cwt

FOOD
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York)
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime summer yellow (New York)
Beef, fresh carcass good native steers (Chicago)
Beef, fresh steer rounds No. 2 (Chicago)
Pork, smoked hams (Chicago)

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

..
..
..
..

CLOTHING
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
Cotton-print cloth, 27 inches, 64 x 60-38H"-5.35—yards to pound
Cotton sheeting, brown 4/4 Trion (New York)
Worsted yarns, 2/32's crossbred stock, white, in skein (Boston)
Women's dress goods, French, 35-36 inches at mills, serge.
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)
Silk, raw, Japanese, Kansai No. 1 (New York)
Hides, green salted, packer's heavy native steers (Chicago)
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
Leather, chrome calf, dull or bright " B " grades (Boston)
Leather, sole, oak, scoured backs, heavy (Boston)
Boots and shoes, men's black calf, blucher (Massachusetts)
Boots and shoes, men's dress welt tan calf (St. Louis)

Pound
Yard .
Yard
Pound
Yard
Yard. . .
Pound
Pound
Pound
Square foot
Pound ..
Pair
Pair

FUEL
Coal, bituminous, mine-run Kanawha (Cincinnati)
Coal, anthracite, chestnut (New York tidewater)
Coke, Connellsville (range of prompt and future) furnace —at ovens
Petroleum, crude, Kansas-Oklahoma— at wells
METALS
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Lead, pig, desilverized, for early delivery (New York)
Tin, pig, for early delivery (New York)..
Zinc, slab, western (St. Louis)

. . .

BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg district)
Lumber, Douglas fir, No. 1, common s 1 s, 1 x 8 10 (Washington)
Brick, common red, domestic building (New York)
Cement, Portland, net without bags to trade, f. o. b., plant (Chicago
district)
Steel beams, mill (Pittsburgh)
Rubber, Para, Island, fine (New York)
Sulphuric acid 66° (New York)




Barrel
Cwt
Pound
Cwt

1.65
2.00
.333
.75

1.65
2.00
.286
.75

1.65
1.95
.853
.70

8
PIG IRON PRODUCTION AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS
[November, 1926, is latest month plotted]
14,000

.600

AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS AWARDED IN 27 NORTHEASTERN STATES
[November, 1926, is latest month plotted]

800

800

BUILDING CONTRACTS AWARDEDv
(.27 STATES.)

\

40

LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS
[November, 1926, is latest month plotted]
4,000




BUSINESS SUMMARY
{Index and relative numbers based on the 1919 monthly average as 100—-except unfilled orders which are based on the 1920 average-y-enable comparisons to be made of the
relative condition of the several phases of business. The use of index and relative numbers is more fully explained on the inside front cover, and details of this summary are given in the table entitled "Indexes of Business/' beginning on page 23]

1923

PRODUCTION:
Manufacturing (64 commodities— adjusted) *
Raw materials, total
Minerals
Animal products
Crops
Forest products
„
Electric power __ .
. .
Building (awards— floor space) -.
STOCKS (45 commodities; seasonal
adjustment)
UNFILLED ORDERS (relative to 1920) _SALES (based on value) :
Mail-order houses (4 houses)
Ten-cent chains (5 chains)
Wholesale trade
_
_ Department stores (359 stores)..
PRICES (recomputed to 1919 base) :
Producers', farm products
...
Wholesale, all commodities
Retail food
. ..
_.
Cost of living (including food)
CHECK PAYMENTS (141 cities—seasonal adjustment)
FACTORY EMPLOYMENT (1919 base)
TRANSPORTATION :
Net freight ton-mile operation
Car loadings (monthly total)
Net available car surplus (end
of month)

1924

1925

PER CENT INCREASE (+)
OR DECREASE (-)

1926

1935

YEARLY AVERAGE

Septem- October Novem- Septem- October November
ber
ber
ber

November,
1926, from
October,
1926

November,
1926, from
November,
1925

119
114
136
117
102
121
144
106

113
119
126
117
118
119
152
108

125
116
132
113
111
126
169
138

122
151
133
105
191
131
169
155

132
158
140
115
196
136
183
148

128
146
129
119
174
120
178
146

135
148
156
111
172
120
190
139

134
179
165
117
232
121
202
135

121
164
155
126
199
112

-9.7
-8.4
-6. 1
+ 7.7
-14.2
-7.4

-5.5
+ 12.3
+ 20.2
+ 5.9
+ 14.4
-6.7

131

-3.0

-10.3

119
74

135
52

145
56

148
52

131
53

132
58

172
49

174
46

197
45

+ 13.2
-2.2

+ 49.2
-22.4

99
165
83
124

105
185
82
125

118
209
84
131

114
191
94
122

170
237
101
165

144
220
86
145

120
211
97
130

150
257
94
158

153 i
247
86
156

+2.0
-3.9
— 8. 5
-1.3

+ 6.3
+ 12.3
0.0
+ 7.6

65
75
78
94

64
73
78
95

70
77
84
98

69
78
85
98

68
77
87
99

69
77
90
100

64
73
85
97

62
73
86
97

62
72
87
98

-0.0
-1.4
+ 1.2
+ 1.0

-10. 1
-6.5
3. 3
-2.0

103
93

110
84

127
84

127
84

132
85

127
86

132
85

131
86

124
84

-5.3
-2.3

-2.4
-2.3

115
119

108
116

115
122

125
123

133
159

123
117

134
131

146
172

123

-28.5

+ 5.1

25

139

146

85

66

83

69

48

87

+ 81.3

+ 4.8

i See p. 28, January, 1925, issue (No. 1), for details of adjustment.

COURSE OF BUSINESS IN NOVEMBER
GENERAL CONDITIONS

Industrial activity in November, after adjustment
for differences in working time, was lower than in
either the preceding month or November, 1925. The
production of raw materials, on the other hand,
though showing a seasonal decline from October, was
substantially greater than a year ago, all types of
commodities showing larger output except forest products. New contracts - awarded for building construction, measured in floor space, were smaller than
in either the preceding month or November of the
previous year. Unfilled orders for manufactured
commodities, principally iron and steel and building
materials, showed similar declines from both prior
periods. Stocks of commodities, after allowance for
seasonal changes, were higher than at the end of either
the preceding month or November, 1925, the increase
over last year being largely due to larger holdings of
raw foodstuffs.
Prices paid to producers of farm products, though
showing no change from October, were generally lower
than a year ago. Wholesale prices averaged lower
than in either the previous month or November of
last year, while the cost-of-living, though showing a
25368—27



2

slight increase over the preceding month, was over 2
per cent lower than a year ago.
Factory employment registered declines from both
the preceding month and a year ago with pay-roll
payments showing similar comparisons with both
prior periods. Check payments, indicative of the
general volume of trade, after adjustment for seasonal
conditions, were lower than in either the preceding
month or November, 1925. Retail trade was generally
higher than last year, all types of retail establishments
showing increases over November, 1925. More goods
moved into consumption, as seen from figures on carloadings, than in November, 1925, while the net
available freight car surplus at the end of November
was greater than a year earlier. Stock prices, both
industrial and railroad, averaged higher than in October and, in the case of railroad stocks, were higher
also than a year ago.
Interest rates on commercial paper, though higher
than a year ago, were lower than in October. Call
money rates averaged lower than in either the preceding month or a year ago. Business failures in
point of defaulted liabilities were smaller in November than in either the preceding month or November,
1925.

10
SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

Production of raw materials in November was 12
per cent greater than a year ago, the output of forest
products alone showing a decline from November,
1925. While minerals were generally produced in
larger quantities than a year ago, iron ore showed a
decline. In the case of animal and crop marketings
all products of the farm showed increases except hogs
and grains»
i Manufacturing production in November, after allowance for differences in working time, was 10 per
cent and 6 per cent smaller, respectively, than in either
the previous month or November, 1925. As compared
with October, all industrial groups showed smaller
output except textiles, which showed no change. As

compared with last year, however, several groups
showed increased activity, but this was insufficient to
offset declines in iron and steel, nonferrous metals,
lumber and miscellaneous commodities, including
automobiles and rubber.
COMMODITY STOCKS

Stocks of commodities, after allowance for seasonal
variations, were held in larger quantities at the end
of November than at the end of either the previous
month or November, 1925, all groups showing larger
holdings than in either comparative period except
manufactured foodstuffs and other manufactured commodities, which had smaller stocks than on October
31, 1926.

RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1920 monthly average =» 100. Adjustment has been made for both stocks and production for their respective seasonal movements. Unfilled orders
are principally those of iron, steel, and building materials. November, 1926, is latest month plotted]

SALES

The index of unfilled orders of manufactured commodities, principally iron and steel and building materials, declined from both the previous month and
November, 1925, the decline from a year ago in iron
and steel amounting to 19 per cent and in building
materials to 27 per cent. As compared with October,
forward business for iron and steel showed no change,
but building materials declined.
The dollar volume of wholesale trade showed no
change from a year ago, but wholesale prices in November were substantially lower than last year. Wholesale sales in the hardware, shoe, drug and meat lines,
however, showed larger volumes than in November of
last year, but declines in dollar volumes in groceries
and dry goods were sufficient to offset these increases.




Retail trade was generally higher than in November,
1925, despite a weaker price situation, increases in
sales volume ranging from 5 per cent in the case of
mail-order business and music chain systems to 28 per
cent in grocery chains. Ten-cent store systems
showed a 12 per cent greater volume, while department
stores registered a sales increase amounting" to almost
8 per cent.
PRICES
Prices received by producers of farm products
showed no change from the preceding month but
averaged 10 per cent lower than a year ago. As compared with October, November prices for grains, meat
animals, and cotton declined, but declines in this
group were offset by increased prices for fruits and
vegetables and dairy and poultry products. As com-

11
pared with last year, however, increased prices for
meat animals and sundry unclassified commodities
were insufficient to offset declines in grains, fruits and
vegetables, dairy and poultry products, and cotton.
Wholesale prices were 1 per cent and 6 per cent
lower, respectively, than in either the previous month
or a year ago, .all groups showing declines from October
except fuels and building materials, which increased,
and metals and metal products, chemicals, and housefurnishing goods, which showed no change. As com-

pared with last year, all groups were lower in price,
except fuels, which increased 9 per cent. Commercial
indexes showed relatively the same condition.
The cost of living increased over the preceding
month but was more than 2 per cent lower than a
year ago, all groups showing higher costs than in
October except sundries, which declined, and shelter,
clothing, and light, which showed no change. As
compared with a year ago, all living costs were lower,
except fuel.

COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS
WITH INDEX OF ALL COMMODITIES AT WHOLESALE
[U. S. Department of Labor index numbers. Relative prices, 1913=100, November, 1926, is latest month plottedl

90

1919

1920

1921

1922

1923

EMPLOYMENT

Factory employment declined in November, both
as compared with the preceding month and November,
1925. Declines from each of these periods, however,
were not general in all industrial groups, increases
over the preceding month being shown in paper and
printing and miscellaneous industries, including rubber, while increases over a year ago were registered in
iron and steel, paper and printing, chemicals, stone
clay and glass, and other miscellaneous industries.
Factory pay-roll payments also declined from both
comparative periods, but increases were registered
over the previous month in paper and printing. As
compared with a year ago, greater pay-roll payments
were made shown in iron and steel, leather, paper and
printing, chemicals and other miscellaneous industries.



1924

1925

1926

FACTORY LABOR TURNOVER *
VOLUNTARY QUITS
MONTH

1919

1920

1921

1922

1923

1924

1925

Per cent of number on pay roll
January
February
March .
April...

May.
June
July . .
August

....
. _ ....

September..
October
November..............
December

4.0
3.2
4.3
4.5

8.2
8.2
11.9
11.7

1.8
1.6
2.5
2.7

1.6
1.8
2.2
3.0

4.1
5.5
7.2
9.5

2.6
2.2
3.8
4.7

2.2
2.0
3.0
4.0

4.9
7.8
5.8
7.5

8.9
9.7
10.4
10.7

2.5
2.8
2.5
2.4

4.7
5.3
5.2
6.0

8.5
8.4
7.8
6.6

3.6
2.5
2.2
2.2

3.4
3.4
3.2
3.4

7.9
7.2
6.9
5.6

9.4
6.1
3.2
2.5

2.7
2.1
1.7
1.4

6.8
5.9
5.0
3.5

7.1
4.6
3.1
2.2

2.5
2.3
1.6
1.8

4.1
3.6
2.5
2.1

i Compiled by the Metropolitan Life Insurance Co. from reports of 135 companies
employing about 600,000 wage earners (replacing previous data for 60 companies),

12
REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

Receipts of wool at Boston, although 11 per cent
greater than in October, were 8 per cent smaller than
in November, 1925, with the total for the first 11 month
of the current year showing an increase of 16 per cent
over the corresponding period of the previous year.
Wool imports were greater than in either the previous
month or the same month of 1925. Consumption of
wool by textile mills decreased from October but was
larger than a year ago. Prices of raw wool showed
no change from the previous month, but were generally lower than a year ago while prices of woolen and
worsted goods showed a similar condition.
Receipts of cotton into sight were larger than in
either the previous month or the same month last
year. Imports of raw cotton showed similar gains,
while exports of raw cotton were 9 per cent and 23
per cent greater, respectively, than in either the preceding month or the same month last year. Consumption of cotton by textile mills showed increases
of 3 per cent and 7 per cent, respectively, over the
preceding month and November, 1925. Total stocks
of cotton held at domestic mills and warehouses at
the end of November were 20 per cent greater than
a year earlier, while the world visible supply of cotton
was 21 per cent larger.
Fewer cotton spindles were active in November
than a year ago, with practically no change from the
preceding month, but the total spindle-hour activity
in November was 1 per cent and 8 per cent greater
respectively, than during the previous month and
November, 1925. Prices of raw cotton paid to producers averaged 6 per cent lower than in October,
while New York spot prices declined 3 per cent, with
the general average 39 per cent below last year.
SPINDLE ACTIVITY IN COTTON MILLS
[November, 1926, is latest month plotted]
8.000
7.000

x^H^A/*v*-/* ^TTvj
Wv L
¥

6,000
COTTOI>

~i 5000

O
I

uj 4.000

0
z
w 3,000

GROWING STATES

L^^k

AV/

fe
0 2.000

fc^

A

/*•
v/
y

NX

A7^ x / "

-j\rs^ v^V^V L
^ V
\A/ V

vr

A/

.

Av/A

\s- PAV.

ALL OTHER STAT

r

V
V

IjOOO

Production of cotton textiles was smaller than in
either the previous month or the same month of 1925,
with all classes of goods showing declines from both
periods, except pajama checks, osnaburgs, heavy-warp
sateens, and colored goods, each of which showed
larger production than in November, 1925. Stocks
of cotton textiles were generally lower than a year ago,




except in the case of sheetings, print cloths, pajama
checks and drills, twills, sheetings, and sateens,
wider than 40 inches. Unfilled orders for cotton
textiles at the end of November were generally lower
than for the preceding month and the same month of
1925. Production of fine cotton goods in the New
Bedford district was greater than either October or the
corresponding month of 1925. Exports of cotton
cloth were also greater than in either comparative
-period. Prices of cotton yarns and cotton goods were
generally lower than in either the preceding month or
November, 1925.
Imports of silk were smaller than in October but
larger than a year ago. Deliveries of silk to consuming establishments were slightly smaller than in
October but 14 per cent greater than last year. Stocks
of silk held at warehouses at the end of November
were larger than at the end of either the previous month
or November, 1925. Silk stocks held by manufacturers, although larger than at the end of October,
were 25 per cent smaller than a year earlier. Prices
of raw silk averaged lower than in either the previous
month or November of last year.
METALS

Shipments of iron ore from the mines were smaller
than in either the previous month or November a year
ago, but th'e total movement for the first 11 months
of 1926 was 8 per cent larger than for the corresponding period of the previous year. Consumption of
iron ore, although smaller than in October, was 4 per
cent greater than a year ago, with the total for the
calendar year to date showing an increase of 8 per
cent over 1925. Stocks of iron ore were larger than
last year, the increase being due to larger stocks at
furnaces.
Pig iron production, although 3 per cent smaller
than in October, was 7 per cent greater than last
year, with the total for the first 11 months showing
an increase of almost 9 per cent over the same period
of 1925. Fewer pig iron furnaces were in blast at the
end of November than at the end of the previous
month or November, 1925. Wholesale prices of pig
iron averaged higher than in October but were still
below the prices prevailing a year earlier.
Production of steel ingots declined from both the
preceding month and November, 1925, but the total
output for the 11 months to date was 9 per cent
greater than during the same period of 1925. Unfilled orders for steel increased over the preceding
month, but were 17 per cent below a year ago. The
production of steel sheets by independent steel manufacturers was smaller than in either the preceding
month or November, 1925, but for the calendar year
to date a slight increase was registered over the same
period of 1925. Total stocks of sheets held at the
end of November were larger than at the end of either

13
the preceding month or November, 1925. Shipments
of sheets were also smaller than in either the previous
month or the same month of last year, but for the
first 11 months an increase of almost 10 per cent over
the same period of 1925 was registered.
Production of steel castings was greater than in
October, although bookings showed a decline from
both the previous month and November, 1925. New
bookings for castings during the first 11 months of
the year were 11 per cent greater than during the
same period of 1925.
The production of steel barrels was greater than in
either the previous month or November, 1925, with
the total for the first 11 months showing an advance
of 8 per cent over the corresponding period of the
previous year. Shipments of steel barrels showed
similar comparisons. Unfilled orders for barrels were
larger at the end of November than at the end of
either the previous month or November, 1925.
Bookings for fabricated structural steel were smaller
in November than in either the previous month or
November, 1925, but for the first 11 months of the
year an increase of 7 per cent was registered over the
corresponding period of 1925. Shipments of structural steel were likewise smaller than in either the
previous month or November a year earlier, with an
increase in the 11 months' total amounting to 5 per
cent.
Exports of iron and steel were 28 per cent larger
than in either the previous month or November a year
ago with the total for the calendar year to date showing an increase of 22 per cent over the same period
of the preceding year. Wholesale prices of steel billets
showed no change from the previous month but averaged higher than a year ago.
DOMESTIC WATER SOFTENERS: 1926 l
Orders received
Year and month

January
February
March
April
May
June
July
August
September
October
November

_
-

Total (11 months)

Number of
units

Net sale
price

Shipments
Number of
units

Net sale
price

759
637
941
716
677
798
704
663
662
669
574

$121, 271
93, 724
134, 919
107, 543
100, 378
101, 145
103, 248
93,477
85, 771
98, 437
77,855

723
637
911
715
674
693
785
652
632
634
583

$117, 753
94, 709
131,711
110, 676
99, 319
92,087
111,583
92, 230
82, 652
95, 433
78, 606

7,800

1, 117, 768

7,639

1, 106, 759

Stocks,
end of
month
(units)

415
643
733
915
824
783
711
681
599
804
620

1
Compiled by the V. S. Department of Commerce, Bureau oj the Census, from
reports of 11 manufacturers.

Production of copper by domestic mines was greater
than in either the previous month or November of
last year, with the total for the first 11 months showing an increase of 4 per cent over the same period of
the preceding year. Smelter production of copper
showed similar comparisons. The output of refined



copper in North and South America was larger than
in either October or the corresponding month of 1925,
with the 11 month's total showing an increase of 7
per cent over the same period of 1925. Although
domestic shipments of refined copper were lower than
last year, the total for the first 11 months showed an
increase of 11 per cent over the corresponding period
of 1925. Exports of copper in November were larger
than in either October or the same month of the previous year, but for the calendar year to date a decline
of 14 per cent was registered from the same period of
1925. Stocks of refined copper and blister copper
were larger than a year ago. Wholesale prices of copper averaged lower than in either the previous month
or the same month.* of 1925.
COPPER PRODUCTION AND EXPORTS
[November, 1926, is latest month plotted]

Imports of tin were larger than in either the previous month or the same month of last year. Deliveries of tin to consuming establishments showed an
increase over both comparative periods, with the total
for the first 11 months increasing 2 per cent over
the same period of the previous year. World stocks
of tin were smaller than last year, though holdings in
the United States showed an increase. Wholesale
prices for pig tin averaged higher than in either the
previous month or the same month of the preceding
year.
RELATIVE PRODUCTION AND STOCKS OF ZINC
[1913 monthly av6rage=00. November, 1926, is latest month plotted]

14
More zinc retorts were in operation at the end of
November than at the end of the previous month,
with a decline registered however, from November,
1925. Production of zinc in November was greater
than in either the previous month or the same month
of last year. Stocks of zinc declined from the previous
month but were more than twice as large as a year
ago. Zinc prices averaged lower than in either the
previous month or the same month of last year.
AUTOMOBILES, TRUCKS, AND TRACTORS
The production of passenger automobiles declined
from both the previous month and November, 1925,
but the total for the first 11 months was 7 per cent
ahead of the corresponding period of the previous
year. Canadian production of passenger cars also
declined from the previous month and a year ago, but
the 11-month's total showed an increase of 20 per
cent over the same period of 1925. The domestic
production of automobile trucks was also smaller than
in either the previous month or November of last
year, but the total for the calendar year to date was
4 per cent ahead of the same period of the previous
year. The production of trucks in Canada, although
smaller than in October, was greater than last year,
with th§ total for the calendar year to date almost
double the production of the same period of 1925.
Shipments of electric industrial trucks and tractors
showed a decline from the previous month and a year
ago.
FUELS

Production of bituminous coal was greater than in
either October, 1926, or November, 1925, with exports showing similar comparisons. Prices of bituBEEHIVB AND BY-PRODUCT COKE PRODUCTION
[November, 1926, is latest month plotted]

minous, both at wholesale and retail, averaged higher
than in either the previous month or the same month
of last year. The production of anthracite coal was
smaller than in October, with exports making a similar comparison. Prices for anthracite at wholesale
averaged higher than a year ago, but at retail in the



New York market were considerably lower than last
year, with no change from the preceding month.
Production of coke, both beehive and by-product, was
smaller than in the preceding month, and, in the case
of beehive, smaller also than a year ago. Exports of
coke declined from both the preceding month and
November, 1925, while the prices of coke averaged
higher than in October but lower than last year,
HIDES AND LEATHER

Imports of hides and skins were lower than in either
October, 1926, or November, 1925, the decline from a
year ago being registered in spite of substantial increases in imports of calfskins and sheepskins. As
compared with 1925, imports of hides and skins during the first 11 months of the current year were greater
all classes of skins showing increases except cattle hides
and sheepskins. Prices of hides and skins averaged
lower than in either the preceding month or November,
1925. Exports of sole and upper leather were each
smaller than in October and in the case of sole leather
smaller than a year ago. Prices for leather, though
showing no change from the preceding month, were
generally lower than in the preceding year.
Production of boots and shoes, although smaller
than in October, were larger than a year ago. Exports
of boots and shoes, however, were larger than in
October, but smaller than in November of last year.
Wholesale prices of shoes, while showing no change
from the previous month, were generally lower than a
year ago.
PAPER AND PRINTING

Imports of chemical wood pulp were greater than in
either the preceding month or November, 1925, with
the total for the first 11 months showing an increase
also over the same period of 1925. Imports of mechanical wood pulp were smaller than in either comparative period, with a similar comparison for the 11
months' total.
Domestic production of newsprint paper was smaller
than in October but 8 per cent greater than last year.
Canadian production of newsprint was also smaller
than in October but registered an increase of 25 per
cent over a year ago. For the first 11 months of this
year domestic output showed a gain of 11 per cent and
Canadian output an increase of 24 per cent over the
same period of 1925. Shipments of newsprint in
domestic mills as well as Canadian mills showed practically the same comparisons for all three positions.
Imports of newsprint were 2 per cent smaller than in
October and 36 per cent greater than a year ago, with
the total for the 11 months to date showing an advance
of 27 per cent. Stocks of newsprint held at both
domestic and Canadian mills were substantially lower
than a year ago. The price of newsprint, though
showing no change from the previous month, was 5 per
cent lower than the previous year.

15
NEWSPRINT PAPER PRODUCTION AND MILL STOCKS
[November, 1926, is latest month plotted]

BUILDING CONSTRUCTION AND HOUSING

Index numbers showing building costs registered no
change from the preceding month, but as compared
with last year, costs for industrial building were generally higher while residential construction costs were
lower. Real estate conveyances in 41 cities showed a
decline from both the previous month and the same
month of last year but for the year to date an increase
was registered as compared with the same period
of 1925.
New building contracts awarded showed a decline
from both the preceding month and the same month of
last year, as measured in floor space, but when measured in value, November awards were smaller than in
October only. For the 11 months ending November,
a decline of 5 per cent in the floor space of new contracts awarded may be contrasted with an increase of
5 per cent in value, when compared with the year 1925.
LUMBER PRODUCTS

Production and shipments of southern pine lumber
were each smaller than in October and in the case or
shipments smaller also than last year, both items
showing declines from 1925 in their respective 11month totals. Stocks at the end of November were
8 per cent smaller than a year ago, while wholesale
prices for southern pine flooring averaged lower than
in either the pervious month or November, 1925.
Douglas fir lumber production and shipments were
each smaller than in either the preceding month or
November of last year, with a similar comparison for
their respective 11 months7 total. Exports of Douglas fir, both lumber and timber, were larger than in
either the preceding month or November, 1925, and
wholesale prices averaged lower than in either comparative period.
Production and shipments of California redwood
were each larger than in either the preceding month or
the same month of last year, while these items for
California white pine showed declines from each comparative period. Production and shipments of west-




ern pine lumber and northern pine lumber were each
smaller than in October, while shipments of western
pine and production of northern pine were larger than
a year ago. The production of 10 principal species
of lumber was 6 per cent and 8 per cent smaller,
respectively, than in either the preceding month or
the same month of last year, with the total for the first
11 months showing a decline of 6 per cent from the
corresponding period of 1925. Exports of lumber, on
the other hand, were larger in each of these three comparisons.
Production of maple flooring was larger than in
either the previous month or the same month of last
year, while oak flooring production showed a decline
from each of these periods. Shipments of maple
flooring, although smaller than in the previous month,
were larger than last year, but oak flooring shipments
showed declines from both periods.
For the calendar year thus far, maple flooring shipments were 15 per cent greater than during the same
period of 1925, while oak flooring .shipments showed
practically no change. Stocks of both maple and oak
flooring were both greater at the end of November
than on November 30, 1925. Unfilled orders for both
maple and oak flooring showed declines from both
the preceding month and last year.
A survey by the National Association of Wood
Turners indicates that the requirements of the wood
turning and wood shaping industries for 1927, based
on returns from about 65 per cent of the industry,
will total 120,000,000 feet of lumber, of which 30,000,000 feet will be hickory, the balance mixed hardwoods,
about equally divided between northern and southern
species.
STONE, CLAY, AND GLASS PRODUCTS

Production of face brick averaged lower than in
October, but greater than a year ago, while for the
first 11 months a slight decline was registered as compared with the same period of 1925. Although shipments of face brick were smaller than in October they
were 8 per cent greater than last year, with the total
showing an increase of 2 per cent for the 11-month
period. Average stocks held at the end of November
were greater than a year ago. Production and shipments of paving brick were smaller than in October
and, in the case of production, smaller also than last
year. Contrasted with a decline of 18 per cent in
the 11-month total in the production of paving brick
is an increase of 3 per cent in shipments as compared
with the same period of 1925. Stocks of paving
brick held at the end of November were 38 per cent
smaller than a year ago.
In the table following are given figures covering the
production and stocks of various clay products and
certain nonclay products, as obtained by the Bureau
of the Census in connection with its annual census of
the clay products industry.

16
CLAY PRODUCTS AND NONCLAY REFRACTORIES
STOCKS AT
FACTORIES

PRODUCTION
PRODUCTS

1923

C ommon brick
_ mills . of brick
Face brick.
do
Vitrified paving brick or block
mills..
Architectural terra cotta.— thous. of tons,.
Hollow building tile.
do
Roofing tile _ _
thous. of squares
Floor tile
thous. of sq. ft..
Ceramic mosaic tile
do
Faience tile
.
do
Wall tile, thin, white glazed
do__.
Drain tile
_.thous. of tons..

7,282
1,931
539
138
3,326
231
13, 320
20, 976
1,865
26, 301
616
1,778
Fire brick, .mills, of brick, 9 in. equivalent. . 1,106

1924

1925

Dec.
31,
1924

Dec.
31,
1925

7,159
2,030
448
141
2,912
305
13, 153
20, 879
2,565
30, 658
593
1,952
941

7,566
2,475
448
152
3,822
290
19, 244
20, 331
4,916
30, 366
661
2,139
994

1,508
567
135
21
736
38
4,035
3,964
704
2,274
155
632
225

1,389
607
149
20
805
45
4,361
2,934
863
2,310
197
670
222

Shipments of vitreous china plumbing fixtures were
smaller than in October but greater than a year ago,
while new orders received, unfilled orders, and stocks
at the end of the month were each larger in November
than in either the preceding month or the same month
of 1925. New bookings for architectural terra cotta
were smaller in November than in either the preceding
month or the same month of last year.
Production and shipments of Portland cement were
each smaller than in October but larger than last year,
each increasing over 1925 in the 11 months7 totals.
CEMENT PRODUCTION AND STOCKS
[November, 1926, is latest month plotted]

larger also than last year. For the 11 months ending
November, nitrate of soda imports were 22 per cent
smaller than in 1925, while imports of potash showed
an increase of 17 per cent. Exports of sulphuric acid
were larger than in either the preceding month or
November, 1925, with the total for the first 11 months
also showing a substantial gain over the preceding
year. Exports of dyes and dyestuffs were greater
than in October and in the case of coal-tar dyes,
greater also than last year. Consumption of fertilizer in Southern States was substantially ahead of
last year, while fertilizer exports showed a similar
comparison.
Receipts of turpentine and rosin at southern ports
were smaller than in October but greater than last
year, while stocks of turpentine held at the ports at
the end of November were larger than a year ago
and of rosin smaller than last year. Prices of turpentine and rosin averaged lower than in either the
preceding month or the same month of 1925.
Production of dry roofing felt was smaller than in
October but greater than last year with the total output for the first 11 months showing an increase of 14
per cent. Stocks of roofing felt at the end of November were 7 per cent smaller than a year ago.
Exports of vegetable oils, although larger than in
October, were smaller than last year, while the total
outward movement during the first 11 months of the
current year was 38 per cent smaller than during the
corresponding period of 1925. Imports of vegetable
oils, on the other hand, were greater in November
than in either the preceding month or November of
last year, with a similar comparison for the 11 months'
total.
WHOLESALE PRICES OF CHEMICALS, BY GROUPS
[November, 1926, is latest month plotted]

New concrete paving contracts awarded were smaller
than in October but greater than in November of last
year, with the total yardage showing an increase of
almost 2 per cent in the 11 months7 comparison.
Federal-aid highways completed, measured both in
mileage and value, showed a decline from last year, as
was the case of new Federal-aid highways under
construction.
Plate-glass production was smaller in November
than in either the previous month or November, 1925,
but for the calendar year to date was 13 per cent larger.
The production of glass containers, although smaller
than in October, was 7 per cent greater than a year
ago, shipments, stocks, and unfilled orders at the end
of November being also larger than last year.
CHEMICALS AND OILS

Imports of nitrate of soda and potash were each
larger than in October and in the case of potash




Stocks of cottonseed at the end of November were
2 per cent larger than a year ago. Production of
cottonseed oil in November was greater than in either
the preceding month or November of last year, while
cottonseed oil stocks at the end of the month were
17 per cent larger than last year. The wholesale
price of cottonseed oil averaged lower than in either

17
+he previous month or November, 1925. Receipts of
flaxseed at northwestern markets were smaller than a
year ago, while stocks were considerably greater.
CEREALS

The visible supply of wheat in the United States
was 58 per cent greater at the end of November than
a year ago, while the Canadian supply showed an
increase of 16 per cent over the same period. Receipts
of wheat at the principal primary markets declined
13 per cent from last year, while shipments were 5
per cent greater. Exports of wheat were smaller than
in October but larger than a year ago. Prices of
wheat averaged lower than in either the previous
month or November, 1925. Wholesale prices for flour
showed similar comparisons.
The visible supply of corn continued to increase
and at the end of November was more than ten times
as large as a year ago. Receipts of corn at the principal primary markets, although smaller than in
October, were 24 per cent greater than last year, while
shipments were larger than in either the preceding
month or November a year ago. Grindings of corn
for the manufacture of starch and glucose were smaller
than in either the previous month or the same month
of 1925, but for the first 11 months of this year, corn
grindings were 11 per cent ahead of 1925. Exports of
corn, including meal, were larger than in either the
previous month or November of last year, with the
total to date more than twice as l great as during
the same period of 1925. Prices of corn continued to
average lower, both as compared with the preceding
month and November of last year.
The visible supply of oats at the end of November
was 27 per cent smaller than a year ago, while receipts
at the primary markets were smaller than in either
previous month or November, 1925. Exports of oats,
although larger than in October, were 61 per cent
smaller than in November, 1925, with the total for the
calendar year to date showing a decline of almost 50
per cent from the same period of 1925.
The visible supply of barley at the end of November
was 27 per cent smaller than last year. Exports of
barley, although larger than in October, were only
about one-half as large as a year ago, with a similar
comparison for the 11 months' total. Barley prices
averaged the same as in October, but were still below
a year ago.
Receipts of southern paddy rice at the mills,
although smaller than in October, were 11 per cent
greater than last year. Shipments of rice, both from
the mills and from New Orleans, were greater than
in either the previous month or November a year
ago. Rice stocks at the end of the month were twice
as large as a year ago, while exports during November
were more than twice as large as in October and almost
six times as great as in November, 1925.
25368—27
3




Cold-storage holdings of apples were 12 per cent
greater than a year ago, while carlot shipments
showed an increase of 14 per cent over last year.
Shipments of potatoes were smaller than in the preceding month but larger than in the same month of
last year, while for the calendar year to date they were
5 per cent smaller than in 1925. Shipments of onions,
on the other hand, were smaller than either the previous month or November of last year, with the calendar year total showing an advance of 7 per cent over
the previous year. November shipments of citrus
fruits were larger in each of these comparisons.
MEATS AND DAIRY PRODUCTS

Receipts and shipments of cattle and calves at
primary markets, although smaller than in October,
were greater than last year. Both movements
showed a slight increase in their respective 11 months'
totals over the corresponding period of 1925. Local
slaughter of cattle and calves, although smaller than
in October, was 8 per cent larger than a year ago,
with the total slaughter for the year to date showing
practically no change from the same period of last
year. Cold-storage holdings of beef and beef products
at the end of November were 17 per cent larger than
a year ago. Prices of cattle and beef were generally
lower than in either the previous month or the same
month of 1925.
INSPECTED SLAUGHTER OF CATTLE, CALVES, SHEEP, AND HOGS
[November, 1926, is latest month plotted]

I

1920

Receipts of hogs at the principal markets, although
larger than in October, were 8 per cent smaller than
last year. Shipments of hogs, on the other hand,
showed declines from both comparative periods, with
both receipts and shipments showing decreases in
their respective 11 months' totals from the corresponding period of 1925. Although local slaughter of hogs
at primary markets was 15 per cent greater than in
October, the number of hogs slaughtered in November

18
was 3 per cent smaller than a year ago, with a decline
in the 11 months' total amounting to 11 per cent,
Cold-storage holdings of pork and pork products,
although smaller than at the end of October, were
smaller than at the end of November of last year.
Exports of pork were smaller than in either comparative period. Production of lard was greater in November than in either the preceding month or November
a year ago, while the cold-storage holding of lard,
although smaller than at the end of October, were
larger at the end of November than a year ago. Lard
exports were smaller than in October but 9 per cent
greater than in November, 1925. Prices of hogs and
pork were generally lower than in October but higher
than in November of last year. Lard prices, on the
other hand, were lower than in either comparative
period.
Receipts of sheep and lambs at the principal markets
•were smaller than in October but 12 per cent greater
than last year, making the total for the 11 months 8
per cent larger than in the corresponding period of
1925. Shipments of sheep and lamb made similar
comparisons. Cold-storage holdings of lamb and
mutton at the end of November were more than
twice as large as a year ago. Wholesale prices of
sheep and lamb averaged lower than in either the
previous month or November, 1925.
Receipts of poultry at the principal markets were 12
per cent greater than a year ago, with the total for the
first 11 months showing an increase of 13 per cent for
the same period of 1925. Storage holdings of poultry
at the end of November were 23 per cent greater than
a year ago.
Receipts of butter at the five principal markets were
smaller than in either the previous month or the same
month of 1925, while the total for the first 11 months
of the current year was practically the same as in 1925.
Storage holdings of creamery butter at the end of November were 14 per cent smaller than last year. The
wholesale price of butter continued to average higher
but was 4 per cent lower than in November, 1925.
Receipts of cheese showed a decline from both the
previous month and the same month of the proceding
year, with the total for the calendar year to date
registering a decline of 8 per cent from the same period
of 1925. Storage holdings of cheese at the end of
November were 4 per cent smaller than last year.
Exports of cheese were larger than in October but
smaller than a year ago. Wholesale prices for American cheese averaged lower than in either the previous
month or November, 1925.
Receipts of eggs at the principal primary markets,
although smaller than in October, were considerably
larger than in last year, but egg receipts for the calendar year to date showed no change from the previous vear.



Sales of powdered milk, although smaller than in
October, were greater than In November of last year,
with the totals for the first 11 months showing an
increase of 19 per cent over the preceding year.
Exports of powdered milk, although larger than in
October, were considerably smaller than a year ago.
Exports of evaporated milk were 31 per cent larger
than in either October, 1926, or November, 1925.
SUGAR AND COFFEE

Imports of sugar were larger than in either the preceding month or November a year ago. Meltings of
sugar at eight principal ports, although smaller than
in October, were 32 per cent larger than in November,
1925. For the calendar year to date, sugar meltings
were 3 per cent ahead of last year. Stocks of raw
sugar held at refineries at the end of November were
three times as large as a year ago. Receipts of domestic cane sugar at New Orleans were 30 per cent
smaller than a year ago, but for the first 11 months
an increase of 60 per cent was registered over the
same period of the preceding year. Exports of refined
sugar were smaller than in either the preceding month
or the same month of 1925. Prices for sugar, both
raw and refined, averaged higher than in either the
preceding month or November of last year.
RAW CANE SUGAE: TOTAL IMPORTS, MELTINGS, AMD REFINERY
STOCKS
[November, 1926, is latest month plotted]

Imports of coffee, although smaller than in October,
were greater than in November, 1925. The world
visible supply of coffee was 9 per cent smaller than
last year, although the supply in the United States
showed an increase of 13 per cent. Receipts of
coffee in Brazil were greater than a year ago, while
clearances from Brazil for world distribution were
smaller than in October but the same as last year
and for the United States, smaller than in either
comparative period. Imports of tea showed a decline
from both the previous month and November of
last year.
TOBACCO

Tax-paid withdrawals of cigars from warehouses,
although smaller than in October, were 10 per cent
greater than a year ago, with cigarettes and manu-

19
factured tobacco showing similar comparisons. Exports of unmanufactured leaf tobacco were smaller
than in either comparative period, while cigarette
exports, although smaller than in October, showed a
22 per cent gain over November, 1925. Sales of
tobacco at loose-leaf warehouses were greater than
in either the previous month or the same month of
1925, the wholesale price of tobacco averaging 16 per
cent lower than a year ago.
TRANSPORTATION

River traffic on the Sault Ste. Marie Canals was
3 per cent smaller than last year, although for the
season to date an advance of 8 per cent was registered.
Traffic on the St. Lawrence Canal was also smaller
than last year, with the total for the year to date
showing a decline of 1 per cent from 1925. River
traffic on the Ohio between Pittsburgh and Wheeling
was 46 per cent larger than a year ago with the 11
months' total showing a gain of 40 per cent over the
same period of 1925. Although traffic on the Allegheny River was smaller than last year, the tonnage
moved on the Monongahela River showed an increase,
with similar comparisons in the case of their respective 11 months' totals.
Clearances of vessels engaged in foreign trade showed
larger tonnage in November than a year ago, with the
greatest relative increase occurring in the tonnage of
foreign bottoms. New tonnages completed during
November were greater than in either the preceding
month or November of last year, but for the calendar
year to date a decline of 3 per cent was registered in
the gross tonnage of new ships from the same period
of 1925.
Carloadings showed an increase of 4 per cent over
a year ago, with a similar increase in the total for the
first 11 months. The increase over 1925 was not
general, however, declines being registered in the case
of loadings of grain and grain products, livestock,
forest products, ore, and miscellaneous merchandise.
The freight car surplus was 6 per cent greater than a
year ago.

Shipments of railroad locomotives by the three
principal manufacturers were 21 per cent larger than
for last year, making the total for the 11 months 41
per cent greater than in the same period of 1925.
Unfilled orders for railroad locomotives, although 33
per cent larger than at the end of October, were 12
per cent smaller than on November 30, 1925. More
locomotives were retired by railroads during November than during either the preceding month or
the same month of Jast year, while more were ordered
from manufacturers than in either comparative
period.
DISTRIBUTION

MOVEMENT

Sails by mail-order houses were larger in November
than in either the preceding month or November, 1925,
while the volume of business of leading 10-cent chain
store systems, although smaller than in October, was
larger than in November of the previous year. In
general, chain-store business in the principal lines was
higher than last year. Department store trade was
also greater than in November, 1925. Magazine advertising in November was greater than in either the
previous month or in the same month of the preceding
year. Newspaper advertising, on the other hand,
showed declines from each comparative period.
Postal receipts in 100 of the largest cities were greater
than last year, with the 11-month total showing more
than 6 per cent increase over the corresponding period
of 1925.
SALES BY MAIL-ORDER HOUSES AND TEN-CENT CHAIN STORES
[November, 1926, is latest month plotted]
UOr

SURPLUS, SHORTAGE, AND BAD-ORDER FREIGHT CARS
[November, 1926, is latest month plotted]




0 AA/vw

1920

BANKING AND FINANCE

Check payments, indicative of the general volume
of trade, showed a decline from the preceding month,
both in New York City and the country outside. As
compared with last year, however, check payments,
although smaller in New York, were larger for the
rest of the country.
Holdings of discounted bills by Federal reserve
banks were larger at the end of November than at
the end of either the previous month or the corresponding month of 1925. Total investments, although

20
larger than in October, were smaller than a year ago,
while deposits, total reserves, and total notes in circulation each showed increases over both comparative
periods. Although the reserve ratio declined 2 per
cent from the previous month, it stood almost 2 per
cent higher than at the end of November of the preceding year. Total loans and discounts of Federal
reserve member banks increased over the previous
month and for November were 3 per cent ahead of last
year. Investments of member batnks declined from
October but were higher than a year ago.
BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL
RESERVE BANKS
[November, 1926, is latest month plotted]

New life insurance business was greater in November,
both in value and in number of policies and contracts,
than in either the previous month or November, 1925.
For the first 11 months of this year an increase of
7 per cent in the aggregate value of new life insurance
business was registered, as compared with the corresponding period of 1925, despite a decline of one-half
of 1 per cent in the total number of policies and
certificates issued during the same period. Geographically distributed, sales of ordinary life insurance made the best relative gain in the eastern manufacturing section, both as compared with the previous month and the same month of 1925. For the
11 months ending with November, the western manufacturing district reported the largest relative increase, the southern district coming next.

Prices of stocks, both industrial and railroad, advanced over the preceding month, with railroad stocks
showing an increase over the previous year as weil.
Sales of stocks on the New York Stock Exchange
were smaller in volume than in either comparative
period.
Bond prices continued to advance, both as compared
with the previous month and the same month of last
year. Bond sales on the New York Stock Exchange
were larger in volume than in either comparative
period.
Loans to brokers and dealers by New York Federal reserve banks increased 2 per cent over the previous month. Interest rates on New York call loans
averaged lower than in either the previous month
or the same month last year. Rates on commercial
paper were also lower than in October, but reported
an advance over a year ago.
Dividend and interest payments scheduled for December were 3 per cent and 5 per cent greater, respectively, than in the previous month and the same
month of last year. Business failures, although more
numerous in November than in either the preceding
month or the same month of last year, represented
smaller defaulted liabilities than in either comparative period. For the 11 months ending with November, an increase of 2 per cent in the number of
failures over the same period of 1925 may be contrasted
with a decline in defaulted liabilities amounting to
11 per cent.
NUMBER OF BUSINESS FAILURES AND DEFAULTED LIABILITIES[November, 1926, is latest month plotted]

LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL
RESERVE MEMBER BANKS




[November, 1926, is latest month plotted]

The gross debt of the Federal Government was still
further reduced and at the end of November was 5 per
cent below a year ago. Customs receipts in November,
although smaller than in October, were 9 per cent
greater than last year, while for the 11 months an
increase of 6 per cent was recorded over the same period
of 1925. The per capita distribution of money held
outside of the United States Treasury and Federal
reserve system increased in November over the
previous month, but was lower than last year.

21
GOLD AND SILVER

Domestic receipts of gold at the mint, although lower
than in October, were greater than a year ago, with
the Rand output of gold showing similar comparisons.
Imports of gold were larger than in either the previous
month or in November, 1925, while gold exports,
though showing an increase over the previous month,
were considerably below last year. An export balance
of gold for the first 11 months of 1925 maybe contrasted
with an import balance for the same period of 1926.
The production of silver, although smaller than in
October, was larger than last year. Both silver
imports and exports showed declines from both the
previous month and November, 1925. The price of
silver at New York continued to decline and for
November was 22 per cent lower than a year ago.
GOLD TRADE BALANCE: SHOWING EXCESS OF IMPORTS OR
EXPORTS
[November, 1926, is latest month plotted]

were lower, with the principal decline occurring in the
Brazilian'milreis. As compared with a year ago, rates
on the principal currencies were generally lower in
November, with the exception of exchange on Italy,
Belgium, and Japan, which were higher, and England,
Switzerland, and Canada, which showed no change.
Imports of merchandise into the United States were
lower than in either the previous month or the same
month of last year, while exports of merchandise
showed an increase over both comparative periods.
CENSUS OF MANUFACTURES, 1925

The Bureau of the Census announces preliminary
reports from additional manufacturing industries,
collected pursuant to the census of manufactures for
the year 1925. The following table summarizes some
important data made available since the publication
of the previous issue of the SURVEY, earlier figures
having been presented in each issue beginning with
July, 1926. Further compilations will appear in the
future issues as the data relating thereto are completed.
Statistics in greater detail for each industry may be
obtained from the bureau's preliminary statements on
the respective industries.
ADDITIONAL PRELIMINARY RETURNS, CENSUS OF MANUFACTURES, 1925
VALUE OF PRODUCTS

INDUSTRY

FOREIGN EXCHANGE AND TRADE
With the exception of exchange on France, Italy,
Belgium, and Japan, rates on principal currencies
either showed no change from the previous month or
IMPORTS AND EXPORTS OF MERCHANDISE
[November, 1926, is latest month plotted]




1925

1923

Thousands of
dollars
Artificial limbs
Baking powders, yeast, and
other leavening compounds.
Bookbinding and blank bookmaking
Cutlery and edge tools
Boot and shoe cut stock, not
made in boot and shoe factories
_.
Chemical fire extinguishers..
Cordage and twine, jute
goods and linen goods
Emery wheels and other
abrasive and polishing appliances
Envelopes ...
. .
Excelsior
Gold leaf
Labels and tags
Lard substitutes and cooking fats
Lithographing
.
Mattresses and bed springs ..
Music printing and publishing
Photo-engraving, not done in
printing establishments
Soap
_
. _ .
Sporting and athletic goods..
Surgical appliances
Tin plate and terneplate
Typewriters and supplies
Wall paper
Wood, turned and carved....

3,021

2,635

PERSONS EMPLOYED

Per
Per
cent inc ent increase
crease1 overl
1923

14.7

14.0

74, 593

Per cent minimum month
is of maximum month
1935
97.4

1923
2.1

88.1

81,600
80, 391

76, 959
72,477

6.0
10.9

0.5
-1.6

94.1
87.7

91.9
92.6

84,220
8,037

89,291
6,152

-5.7
30.6

0.9
10.5

82.7
80.7

82.3
78.0

138,760

125,095

10.9

-3.5

88.0

90.1

25,582
51, 189
4,901
3,714
28,045

25,307
50,752
5,362
3,562
26,023

1.1
0.9
-8.6
4.3
7.8

-8.1
-2.0
1.2
25.1
6.1

83.8
92.2
88.6
96.7
95.3

84.5
96.4
84.8
57.5
90.7

110,002 58, 787
98, 721 91, 671
110,484 107, 562

87.1
7.7
2.7

16.3
3.9
2.0

80.1
95.2
82.5

68.6
95.7
87.2

14, 627

3.2

3.9

93.8

84.6

58,640 43,660
270, 273 276, 403
42, 569 41,797
55,264 44,968
190, 918 165, 587
63,080 52,498
30,069 34, 756
35,407 38,077

34.3
-2.2
1.8
22.9
15.3
20.2
-13.5
-7.0

15.8
-12.2
-10.1
9.5

95.4
94.7
90.9
93.3

98.0
91.7
88.6
94.7

0.0
-6.2
-8.3

86.3
72.9
88.0

92.9
73.3
92.7

15,090

i A minus sign (—) denotes decrease.

22

INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., in various groups of industry and commerce. They consist in general of weighted combinations of series
of individual relative numbers; often the individual relative numbers making up the series are also given.
The function of index and relative numbers is explained on the inside front cover. A condensed form of this
table is given on page 9.
PER CENT INCREASE (+)
OR DECREASE (— )

1926

1925
Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

September

October

November

September

October

November

November,
1926, from
October,
1926

November,
1926, from
November.
1025

180

73

151

158

146

148

179

164

-8.4

+ 12.3

165
219
154
122
273
150
191
142
131
145

62
105
41
0
0
17
78
38
57
80

133
208
121
1
187
134
157
125
80
103

140
206
137
1
178
140
188
124
130
98

129
196
131
2
108
133
174
134
104
104

156
207
126
115
245
142
167
137
113
103

165
219
141
118
238
149
189
141
110
106

155
207
154
101
100
149
187
138
106
104

-6.1
-5.5
+ 9.2
-14.4
-58.0
0.0
-1. 1
-2. 1
-3.6
-1.9

+ 20.2
+ 5.6
+ 17.6

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

Grand total

MINERALS

TotalPetroleum
Bituminous coal
Anthracite coal
Iron ore* .. _ _
Copper
^Y
T
Lead
Zinc
Gold .
- _
Silver

- --_
- _-

-

- _-

-

-7. 4
+ 12.0
+ 7.5
+ 3.0
+ 1.9
0.0
i

ANIMAL PRODUCTS (marketings)
Total.
Wool* .
Cattle and calves
Hogs
Sheep
Eggs*
Poultry*
Fish
Milk (New York)

138
253
143
177
153
245
390
185
190

80
19
58
64
54
30
21
45
94

105
42
105
73
116
78
95
162
141

115
33
136
91
141
60
139
122
138

119
41
111
103
76
36
314
87
133

111
48
117
75
145
79
124
141
143

117
39
130
87
136
59
157
137
145

126
47
120
95
85
49
353
115
138

+ 7.7
+ 20.5
-7.7
+ 9.2
-37.5
-16.9
+ 124.8
-16. 1
-4.8

+ 5.9
+ 14.6
+ 8.1
-7. 7
+ 11.8
+ 36.1
+ 12.4
+ 32.2
+ 3.8

CROPS (marketings)
Total
Grains*-.
Vegetables*
Fruits*
Cotton products*
Miscellaneous crops*. .

246
242
254
405
346
170

49
43
58
50
12
19

191
156
199
332
234
110

196
106
234
274
310
114

174
110
121
175
277
138

172
133
180
327
213
95

232
135
250
399
346
137

199
108
137
202
343
142

-14.2
-20.0
-45.2
— 49. 4
-0.9
+ 3.6

+ 14.4
-1.8
+ 13.2
+ 15.4
+ 23.8
+ 2.9

136
137
164
267
149

61
59
51
20
24

131
132
85
216
93

136
137
119
178
94

120
120
124
131
104

120
120
81
222
91

121
121
89
209
97

112
110
99
184
102

-7.4
-9. 1
+ 11.2
-12.0
+ 5.2

-6.7
-8.3
-20.2
+ 40.5
-1.9

135
137
129
130
151
166
115
127
206
174
195
137
157

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

122
122
109
97
118
158
89
106
173
151
183
123
118

132
137
113
108
130
166
96
118
188
158
193
132
148

128
123
98
105
131
144
77
114
181
133
159
116
129

135
135
112
110
133
151
94
119
186
165
180
133
147

134
134
108
112
139
150
95
125
206
162
178
137
133

121
121
98
112
127
137
81
123
196
144
154
128
110

-9.7
-9.7
-9.3
0.0
-8.6
-8.7
-14.7
-1.6
-4.9
-11. 1
-13.5
-6.6
-17.3

-5.5
-5.5
0.0
+ 6.7
-3. 1
4.9
+ 5.2
+ 7.9
+ 8.3
+ 8.3
-3.1
+ 10.3
14.7

_

FOREST PRODUCTS
Total
Lumber
_
Pulpwood.
G u m (rosin a n d turpentine)* _ _ _ _ _ _
Distilled wood
MANUFACTURING

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

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




23

INDEXES OF BUSINESS—Continued
Maximum
since

Jan. 1,
1920

STOCKS
(Relative to 1919 monthly average as 100)
(Corrected for seasonal variation)
Total
_

Jan. 1,
1920

Sep-

tember

PER CENT INCREASE (-f )
OR DECREASE (— )

1926

1925

Minimum
since

Octo- November

ber

Sep-

tember

Octo- November
ber

November,
1926, from
October,
1926

November,
1926, from
November,
1925

197
346
189
121
185

91
73
89
58
86

148
160
155
79
180

131
113
144
73
176

132
128
142
74
170

172
256
130
88
183

174
264
143
84
180

197
346
160
78
177

+ 13.2
+ 31.1
+ 11.9
-7. 1
-1.7

+ 49.2
+ 170.3
+ 12.7
+ 5.4
+ 4.1

1S9
270
217
115
179

84
70
68
56
88

139
133
153
87
171

141
121
194
77
172

144
134
193
73
172

150
188
123
94
172

171
222
191
86
175

189
270
217
78
179

+ 10.5
+ 21.6
+ 13.6
-9.3
+ 2.3

+ 31.2
+ 101.5
+ 12.4
+ 6.8
+ 4.1

116
112
153

40
32
25

52
38
109

53
43
94

58
47
101

49
38
92

46
38
82

45
38
74

-2.2
0.0
-9.8

-22.4
-19. 1
-26.7

126
129
136
135
133
150
1
89

60
59
43
62
88
58
'46

94
109
72
92
120
112
82

101
122
77
99
133
118
87

86
103
59
91
110
92
72

97
111
84
92
124
113
86

94
114
76
91
133
102
85

86
106
67
87
117
91
75

-8.5
-7.0
-11.8
-4.4
-12. 0
-10.8
-11.8

0.0
+ 2.9
+ 13.6
-4.4
+ 6.4
-1. 1
+ 4.2

.

170

49

114

170

144

120

150

151

+ 0.7

+ 4.9

_ _

427
214
347
225
212
282
188

84
55
119
109
106
109
72

191
136
245
169
142
202
129

237
141
318
179
151
215
164

220
139
272
167
136
195
136

211
138
303
192
153
218
142

257
151
334
206
162
227
158

247
146
347
198
150
232
150

-3.9
-3.3
+ 3.9
-3.9
-7.4
+ 2.2
-5. 1

+ 12. 3
+ 5.0
+ 27.6
+ 18.6
+ 10.3
+ 19.0
+ 10.3

226
156

80
100

122
143

165
149

145
154

131
142

158
153

156
156

-1.3
+ 2.0

-7.6
+ 1.3

91
92
87
86
94
95
100
97
100
96
92
92
90

92
95
90
88
94
96
102
98
101
98
95
95
89

93
94
90
89
93
92
103
98
100
100
95
94
91

92
92
84
93
92
94
104
100
104
96
85
91
96

93
94
86
92
92
94
105
100
102
96
87
89
98

91
92
86
91
90
92
107
99
101
95
82
85
99

-2.2
-2. 1
0.0
-1. 1
-2.2
-2. 1
+ 2.0
-1.0
-1.0
-1.0
0.0
-4.5
+ 1.0

-2.2
-2. 1
-4.4
+ 2.2
-3.2
0.0
+ 3.9
+ 1.0
+ 1.0
-5.0
8 4
-9.6
+ 8.8

Raw foodstuffs
,.
Raw materials for manufacture
Manufactured foodstuffs
Manufactured commodities
(Unadjusted index)
Total
Raw foodstuffs
„ .
Raw materials for manufacture
Manufactured foodstuffs
Manufactured commodities
UNFILLED ORDERS

(Relative to 1920 monthly average as 100)
(Iron, Steel, and Building Materials)

Total (8 commodities)
Iron and steel
Building materials
WHOLESALE TRADE
(Relative to 1919 monthly average as 100)
(Distributed by Federal Reserve Districts)

Grand total, all classes Hardware (10 districts)
Shoes (8 districts)
_
Groceries (11 districts)
Drugs (7 districts)
Dry goods (8 districts)
Meats
- RETAIL TRADE

- - -

(Relative to 1919 monthly average as 100)
MAIL-ORDER HOUSES (4 houses)
CHAIN STORES:
Ten-cent (5 chains)
_
Music (4 chains)
Grocery (27 chains)
Drugs (9 chains) _
Cigar (3 chains)
Candy (5 chains)
Shoe (6 chains) _
DEPARTMENT STORES:
Sales (359 stores)
Stocks (314 stores)

EMPLOYMENT
(Relative to 1923 monthly average as 100)
Number employed, by industries:
*2 102
Total, all classes . .
Food products
107
2
103
Textiles
2
Iron and steel
104
2
Lumber
_-_-_
103
2
Leather
105
2
Paper and printing .
105
2
Chemicals
105
2
Stone, clay, and glass
105
2
Metal products other than iron and steel- 107
2
Tobacco products
108
2
103
Vehicles
2
107
Miscellaneous
_ _




i Since Jan. 1,1921.

2
2
2
2
2
2
2
2
2
2
2
2
2

85
86
81
79
92
83
93
84
90
66
84
75
80

* Since July 1,1922.

24
INDEXES OF BUSINESS—Continued
1925
Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

November,
1926, from
November,
1925

November

November,
1926, from
October,
1926

99
98
88
99
102
94
114
105
111
98
93
94
105

95
96
85
96
100
87
115
104
109
96
92
88
103

-4.0
-2.0
-3.4
-3.0
-2.0
-7.4
+ 0.9
-1.0
-1.8
-2.0
-1. 1
-6.4
-1.9

+ 1.0
+ 5.9
-3. 1
+ 1.0
-2.3
-4.3
-2.9
0.0
+ 6.3 .
+ 9.8
+ 14.8
-9.7

134
121
136
148
139
134
93

130
123
136
148
144
94
97

130
121
142
142
157
88
97

0.0
-1.6
+ 4.4
-4. 1
+ 9.0
-6.4
0.0

-9.7
-12.3
-26.8
+ 4.4
-3.1
-38.9
+ 2.1

158
154
160
188
175
130
176
135
166
142

151
141
152
175
182
127
172
131
160
120

150
139
152
172
184
127
172
129
160
119

148
135
151
170
190
127
174
129
160
118

-1.3
-2.9
-0.7
-1.2
+ 3.3
0.0
+ 1.2
0.0
0.0
-0.8

-6.3
-12.3
-5.6
-9.6
+ 8.6
-2.3
-1. 1
-4.4
-3.6
-16.9

163
155

164
156

155
139

155
138

155
139

0.0
+ 0. 7

-5. 5
-10.9

170
162
178
176
162
183
121
174

172
167
178
176
167
190
122
175

167
159
175
174
161
182
121
173

167
160
174
173
163
185
121
174

168
162
174
173
170
195
121
173

+ 0.6
+ 1.3
0.0
0.0
+ 4.3
+ 5.4
0.0
-0.6

-2.3
-3.0
-2.2
-1.7
+ 1.8
+ 2.6
-0.8
-1. 1

September

October

November

September

2
74
2
85
2
72
2
62
2
84
2
78
2
88
2
85
2
84
2
70
2
83
2

60
2 72

90
93
83
85
100
91
103
96
103
93
92
91
91

96
98
90
92
102
92
108
100
109
99
99
100
93

96
97
90
93
101
85
110
101
109
102
101
101
93

95
96
83
96
100
94
111
103
108
94
89
91
99

235
283
373
186
215
304
180

110
88
108
91
122
76
74

144
148
142
143
141
178
90

143
135
152
141
154
171
90

144
138
194
136
162
144
95

248
243
248
346
281
203
300
213
275
208

138
114
131
171
162
109
155
121
160
111

160
160
160
189
169
127
174
136
168
135

158
155
158
190
172
128
174
135
168
138

218
227

134
115

161
154

205
219
186
288
»179
208
123
192

155
139
143
153
»156
174
118
171

168
159
178
176
161
181
121
174

EMPLOYMENT— Continued
(Relative to 1923 monthly average as 100)
Amount of pay roll, by industries:
2105
Total, all classes
2
107
Food products
2
106
Textiles
2
108
Iron and steel _
2
106
Lumber _ .
2
108
Leather
2
114
Paper and printing
_
2
106
Chemicals
2
112
Stone, clay, and glass
2
Metal products other than iron and steel- 2 110
112
Tobacco products
2
107
Vehicles
2
112
Miscellaneous
_

PER CENT INCREASE (+)
OR DECREASE (— )

1926

October

+ 11

PRICE INDEX NUMBERS
FARM PRICES
(Relative to 1909-1914 average as 100)
All groups Grain
_
Fruits and vegetables
Meat animals
Dairy and poultry
Cotton and cottonseed
Unclassified
WHOLESALE PRICES

Department of Labor Indexes
(Relative to 1913)
All commodities
Farm products
Food, etc
Cloths and clothing
Fuels
Metals and metal products
Building materials
Chemicals
House-furnishing goods
_ __
Miscellaneous
Commercial Indexes
(Relative to 1913)
Dun's (1st of following month) :
Bradstreet's (1st of following month)
COST OF LIVING
National Industrial Conference Board Indexes
(Relative to July, 1914)
All items weighted
Food (Dept. Labor)
Shelter
Clothing
Fuel and light.
Fuel
„___ _
Light
Sundries




i Since July 1,1922.

» Since Jan. 1,1923.

25

TREND OF BUSINESS MOVEMENTS
The following table contains a summary of the monthly figures, designed to show the trend in important
industrial and commercial movements. These data represent continuations of the figures presented in the
latest semiannual number (August, 1926), in which monthly figures for 1925 and 1926 may be found, together
with explanations as to the sources and exact extent of the figures quoted. The figures given below should
always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of the
end of the month referred to. For explanations of relative numbers, including base periods, see introduction
on inside front cover.
1936
The c u mn lat ices shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

PER CENT INCREASE (-f ) OR
DECREASE (-)

1925

Nov.,
1926,
from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

August

September

October

November

October

November

50, 675
45, 162
5,513

28,035
23, 611
4,424

13,018
8,511
4,507

13,336
6,921
6,415

14,834
8,451
6,383

17,406
5,885
11, 521

16, 126
7,309
8,817

12, 545
13,958

15, 305
19,200

13, 997
18, 998

19, 264
24,499

25,063
32, 127

23, 920
29, 941

25, 170
31, 114

38,236

40,859

45, 770

49,072

47,808

47, 327

43,471

53
53
55
68
68

56
55
60
71
74

64
57
62
80
84

71
68
65
89
90

73
67
67
84
88

72
67
64
81
88

74
68
69
83
90

+2.8
-1.5
+3.1
-5.6
-2.2

-1.4
—1 5
-2.9
+1.2
-2.2

66
56

67
66

76
74

86
79

81
80

82
80

81
75

-5.8
+1.3

0.0
+6.7

1.14

1.11

1.11

1.12

1.12

1.32

1.32

0.0

-15.2

.43
1.40

.44
1.40

.44
1.40

.45
1.40

.45
1.40

.51
1.65

.54
1.60

0.0
0.0

-16.7
-12.5

.73
3.29

.73
3.29

.71
3.29

.70
3.29

.70
3.29

.80
3.60

.80
3.60

0.0
0.0

-12.5
—8. 6

Production, crop estimate
thous. of bales.. 15, 621
Ginnings
_.
..thous. of bales..
Receipts into sight
thous. of bales
131
Imports, unmanufactured
bales . 12,090
Exports, unmanufactured
(including linters)
_
bales
365, 522
Consumption by textile mills
bales
460, 918
Stocks, domestic, end of month:
Total, mills and w'houses. -thous. of bales..
3,033
Mills.. _
thous. of bales..
1,097
Warehouses.
_
thous. of bales..
1,937
Stocks, world visible, end of month:
Total
thous. of bales3,686
American
thous. of bales. . 2,284
Machinery activity of spindles:
Active spindles
thousands.. 31, 082
Total activity
millions of hours. . 6,770
Activity per spindle
hours..
180
Per cent of capacity
per cent..
78.9
Prices:
To producer
dolls, perlb..
.154
In New York, middling
dolls, perlb..
.187

15, 166

16, 627

17, 918

2,126
10,007

3,483
30, 449

18,618
* 15, 542
3,593
41, 441

3,149
12, 402

1 16, 104
* 14, 832
2,942
27, 007

+3.9

536
13,280

+3.2 +22.1
+36.1 +53.4

794, 584 1, 369, 820 1, 486, 224 1, 421, 482 1,206,786
571, 105 568, 532 583, 950
544, 097 3 543, 488

July

Per ct.
increase
or<•#
decrease
(-)
cumulative
1926
from
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

1935

1936

+11.2 -8.0
+22.1 +15.6
-0.5 -27.6

287, 258
126, 715
160,543

331, 717
159,372
172,345

+15.5
+25.8
+7.4

+30.1
+31.1

316, 075
384, 140

284, 766
338, 917

-9.9
-11.8

481, 523

462, 194

-4.0

13, 821
322, 636

+3.5
+15.6

+8.5 +23.2
+2.7 +7.4

7, 548, 102 7, 516, 090
5, 853, 742 6,081,247

-0.4
+3.9

+19.9 +20.3
+23.2 +2.8
+19.2 +25. 2

j

TEXTILES
Wool
Receipts at Boston:
Total
. . thous. oflbs
Domestic
j__-thous. of lbs_.
Foreign
thous. of IbsImports:
In condition imported
thous. of lbs._
Grease equivalent
thous. of Ibs
Consumption by textile mills,
grease equivalent
thous of Ibs
Machinery activity, hourly:
LoomsWide
per ct. of hours active..
Narrow
per ct. of hours active-Carpet and rug.per ct. of hours active..
Sets of cards
per ct. of hours active-Combs
per ct. of hours active-Spinning spindlesWoolen
per ct. of hours active..
Worsted
per ct. of hours active..
Prices:
Raw, territory, fine, scoured ..dolls, per lb_.
Raw, Ohio and Pa. fleeces,
y± blood, combing, grease. .-dolls, per lb_.
Worsted yarn
_. .dolls, per lb._
Women's dress goods, French
serge
dolls, per yd_.
Men's suitings
..dolls, per yd. .

-0.4
+3.3

-2.6 +10.0

I

Cotton

391, 329
500, 652

13, 348
278,987

2,637
921
1,716

4,230
937
3,293

6,686
1,216
5,470

8,015
1,498
6,518

5,718
1,217
4,501

3
6, 664
3 1, 457
3 5, 207

3,183
1,989

4.284
3,116

6,148
5,056

7,457
6,368

5,194
4,115

6,048
4,903

+21.3
+25.9

+23.3
+29.9

31, 322
7,489
200
87.4

32, 135
8,248
220
98.5

32, 593
8,370
224
98.9

32, 587
8,480
227
101.2

32, 520
7,962
210
89.5

3 32, 913
7,834
207
395.9

0.0
+1.3
+1.3
+2.3

-1.0
+8.2
+9.7
+5.5

.161
.187

.168
.170

.117
.132

.110
.128

.215
.220

.181
.208

-6.0
-3.0

-39.2
-38.5

69,554

79, 223

88, 295

79, 480

85, 859

78, 239

-10.0

+1.6

861, 535

889, 390

+3.2

75, 180
44, 336
38,449
59
5.7

84,438
49, 312
36,868
66
6.7

79,350
51, 010
36, 161
70
6.2

76,483
45, 941
37, 113
63
6.0

85,907
47, 556
39, 917
67
6.5

75, 453
39, 676
40, 511
61
6.8

-3.6 +1.4
-9.9 +15.8
+2.6 -8.4
-10.0 +3.3
-3.2 -11.8

840, 243
479, 537

866, 428
522, 664

+3.1
+9.0

208, 658
216, 253
270,482

190, 556
184, 036
302, 130

230, 607
181, 834
290, 917

197, 231
193, 099
277, 857

174, 349
206,807
304, 292

221, 599
217, 521
286, 019

61,008
27, 324
65, 084

52, 691
26, 601
60,912

66, 205
34,365
52,968

53,008
45, 212
56, 751

42, 911
33, 331
56, 092

55, 945
35,384
46, 837

-19.9 -5.2
+31.6 + 7.8
+7.1 +21.2

73, 016
53, 142
59, 224

59,060
37, 139
66, 361

58,584
71, 818
29, 505
28, 424
85,032
88.957
« As of Dec. 13.

54,760
16, 710
90,376

77,642
21, 105
96. 732

-18.4 -24.5
-3.7 +34.7
+4.6 -8.0
J Revised.

j

1

Cotton Goods
Cotton finishing:
Billings, finished goods (as
produced
thous. of yds.. 65, 714
O r d e r s received, gray
yardage.
thous. of yds.. 67, 272
Shipments, finished goods
cases
43,724
Stocks, finished goods
cases.. 40,446
Operating activity
per ct. of capacity..
50
Average work ahead, end of month.. days..
5.2
Cotton textiles:
Total (9 classes)—
Production
thous. of yds.. 167, 365
Stocks, end of month
thous. of yds.. 247, 825
Unfilled orders, end mo. -thous. of yds.. 211, 515
SheetingsProduction
thous. of yds. . 43,894
Stocks, end of month
thous. of yds.. 29, 398
Unfilled orders, end mo. -thous. of yds._ 56, 303
Print clothProduction
thous. of yds.. 53, 142
Stocks, end of month
thous. of yds.. 57, 720
Unfilled orders, end mo. -thous. of yds_. 46, 756
i Final estimate for 1925.




-14.5
+6.2
-4.5

I

-11.0
-11.2
-2.9
j
I
1

26
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

July

August

September

PEE CENT INCREASE (+) OB
DECKEASE (— )

1925

1926

October November

October

November

Nov.,
1926,
from
Oct.,
1926

Per ct.
increase
(
or1?
decrease
(-)
cumulative
1926
from
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Nov.,
1926,
from
Nov.,
1925

1925

1926

TEXTILES— Continued
Cotton Goods—Continued
Cotton textiles— Continued.
Pajama checksProduction
thous. of yds..
6,588
Stocks, end of month
thous. of yds..
2,043
Unfilled orders, end mo_. thous. of yds.. 26, 080
Drills and twills (40" and narrower) —
Production
thous. of yds..
7,735
Stocks, end of month
thous. of yds.- 21, 056
Unfilled orders, end mo_ .thous. of yds..
7,650
Pocketing twills and jeansProduction
thous. of yds..
1,613
Stocks, end of month thous. of yds..
5,223
Unfilled orders, end mo_.thous. of yds..
1,744
Osnaburgs—
Production
thous. of yds..
7,694
Stocks, end of month thous. of yds..
1,900
Unfilled orders, end mo_.thous. of yds.. 13,338
Heavy warp sateensProduction
thous. of yds..
548
Stocks, end of month thous. of yds..
1,237
Unfilled orders, end mo._thous. of yds..
1,383
Drills, twills, sheetings, and sateens (wider
than 40")—
Production
thous. of yds..
4,420
Stocks, end of month thous. of yds..
7,984
Unfilled orders, end mo. .thous. of yds..
8,827
Colored goodsProduction
thous. of yds.. 41, 731
Stocks, end of month thous. of yds.. 121, 264
Unfilled orders, end mo-.thous. of yds.. 49, 434
Fine cotton goods, production
pieces.. 339, 755
Cotton cloth exports
thous. of sq. yds.. 49,042
Fabric consumption
by tire manufactures
thous. of lbs._ 14, 050
Elastic webbing sales ..
thous. of yds.. 10, 054
Prices:
Cotton yarn —
22/1 cones, Boston
dolls, perlb..
.344
40/ls, New Bedford
dolls, perlb..
.500
Print cloth, 64 x 60
dolls, per yd..
.073
Sheeting, brown
dolls, per yd..
.089
Cotton goods (Fairchild)... index number
155

1

8,879
3,046
24,806

7,340
2,906
26, 393

9,736
2,864
25,046

8,344
3,539
21, 778

2,854
2,119
8,014

3,969
1,619
9,370

9,843
16, 510
10,084

8,550
14, 304
10, 957

10, 361
12,907
9,224

9,229
12, 517
10, 618

13,409
16, 992
18, 802

17,009
17, 463
18, 195

-10.9
-3.0
+15.1

-45.7
-28.3
-41.6

2,345
3,875
2,817

1,985
3,108
3,607

2,812
1,645
2, £01

2,428
1,564
3,962

3,744
4,286
3,674

4,997
5, 563
3,312

13.7
-4.9
+36.6

51.4
-71.9
+19.6

9,567
2,131
10,236

8,039
3,736
11, 770

9,825
4,734
15, 198

7,200
2,786
14, 756

5,819
7,793
4,355

6,723
9,464
6,124

-26.7
+7.1
-41.1 -71.6
-2.9 +141. 0

991
276
1,281

969
258
2,074

1,651
238
1,624

1,624
336
2,123

1,086
775
1,555

1,521
1,410
1,539

-1.6
+41.2
+30.7

+6.8
-76.2
+37.9

5,141
8,746
8,994

4,866
8,377
9,049

5,284
8,712
11,240

5,056
8,426
10, 544

5,305
2,782
18, 130

6,403
2,881
22, 423

-4.3
-3.3
-6.2

-21.0
+192. 5
-53.0

37, 868
101, 203
87, 956
302, 571
38, 227

47, 056
87, 607
111,007
413, 762
45, 983

52, 915
86, 864
87, 684
401,636
37, 556

51, 758
90,295
68,368
406, 896
43, 284

44, 461
122,019
103, 294
452, 552
44, 887

47,390
122, 632
81, 487
385, 841
43,084

-2.2
+3.9
-22.0
+1.3
+16.7

+9.2
-26.4
-16.1
+5.5
+0.5

16, 140
10, 695

15, 910
11, 429

12, 001

12, 446
13,637

11,349
11, 658

.363
.500
.076
.092
157

.367
.506
.076
.093
159

.329
.482
.068
.090
154

.321
.470
.069
.085
148

.430
.562
.096
.108
187

.407
.546
.089
.108
182

-2.4
-2.5
+1.5
-5.6
-3.9

-21.1
-13.9
-22. 5
-21.3
-18.7

6,207
45, 943

7,046
43,962

7,936
47, 768

7,934
47, 634

7,240
46,815

6,814
41,848

0.0
-0.3

+16.4
+13.8

28,006
19,274
5.98

34, 459
18, 491
6.13

35,094
22, 762
5.78

47, 130
22, 821
5.49

39,423
30, 107
6.66

46,813
30,602
6.57

+34.3
+0.3
-5.0

+0.7
-25.4
-16.4

78.9
61.8
82.0

80.8
66.6
87.5

93.7
61.3
112.9

96.4
59.1
107.0

1,429
1,479
576

1,170
1,591
577

1,108
1,518
676

1,041
1,731
657

1,086
1,536
440

259,963
249,271
295,607

286,759
262,264
301,160

271, 984
226, 728
308, 731

285,304
246,209
303,001

248, 687
194, 121
318,428

* 2, 567, 892
4
2, 255, 941

3,060
3,078
7,616
2,966
6,170

3,359
3,767
7,378
3,477
5,786

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

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

4,051
4,067
5,476
4,580
7,163

3,803
3,607
5,738
3,580
6,993

821
Production
thous. of dozens
843
Net shipments.
..
_ thous. of dozens..
1,507
Stocks, end of month...
thous. of dozens..
616
New orders
thous. of dozens
Unfilled orders, end of mo thous. of dozens. . 2,100
Burlap and Fibers
Imports:
Burlap
.
thous. of lbs._ 55,258
Fibers (unmanufactured) ..
long tons.. 19,975
Pyroxylin Coated Textiles

927
1,109
1,386
974
1,952

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

1,015
1,166
1,042
949
1,411

1,217
1,429
941
1,499
2,672

1,094
1,092
957
1,018
2,466

52,990
15,070

32,066
lo,004

53,b96
18,836

42, 621
23, 621

39, 957
26, 930

3,423
2,510
2,158

3,470
2,407
2,067

2,954
2,374
1,625

2,987
2,380
1,852

2,537
1,975
1,933

Silk
Imports, raw
thous. of Ibs..
6,313
Deliveries (consumption)
bales
39,425
Stocks, end of month:
At warehouses
bales.. 27, 528
At manufacturers' plants
bales.. 18, 665
5.78
Price, Japanese, New York
dolls, per lb_.
Silk machinery activity:
Broad looms
per cent of normal..
78.7
Narrow looms
per cent of normal .
59.5
Spinning spindles
per cent of normal..
81.7
Clothing
Men's and boys' garments cut:
Suits
thous. of garments .
1,409
1,435
Separate trousers
thous of garments
Overcoats
thous. of garments
486
Work clothing:
Cut
. . _.
dozen garments __ 229,323
205,447
Net shipments
dozen garments
Stocks, end of month
dozen garments.. 298,013
Hosiery
Production
. thous. of dozen pairs. _
Net shipments
thous of dozen pairs
Stocks, end of month
thous. of dozen pairs..
New orders
thous of dozen pairs .
Unfilled orders, end mo—thous. of dozen pairs. .
Knit Underwear

Pyroxylin spread
..
thous. of lbs_.
Shipments billed
thous of linear yds
Unfilled orders, end of mo. thous. of linear yds..
* Ten months' cumulative ending Oct. 31.



3,093
2,301
2,186

36, 529
25,017

-14.3 +110. 2
+23.6 +118. 6
—13.0 +132.4

i

i
4,604,081
496,334
4

-8.6
-7.1

4

-5.2
-5.1

105, 365

-23.1

68,831
458, 859

69,704
461, 775

+1.3
+0.6

4

4

14, 071
15, 959
4, 034

-2.2
-1.0
+6.4

2, 589, 156
2, 325, 211

+0.8
+3.1

* 38, 425
* 38, 105

* 35, 045
4
35, 993

4

40, 179

4

36, 391

-8.8
-5.5
-9.4

4

11, 687

4

10, 444

-10.6

574, 453
283,228

557, 236
265, 899

-3.0
-6.1

* 23, 995
* 20, 169

4

136, 936

4

-32.0
+32.8

4,365,768 i
470,912

14, 387
16, 114
< 3, 792

4

4
4
4

4

29, 351
22, 689

+22.3
+12.5

27

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found ctn pages 22 to 151
of the August, 1926, *' Survey"

Sales..

FUR«

thous. of dollars..

PER CENT INCREASE (+) OR
DECREASE (-)

1925

Per ct.
increase
( }
or tdecrease
(-)
cumulative
1926
from
1925

Nov.,
1926,

Nov.,
1926,

from

1926

Nov.,
1925

1925

Oct.,
1926

14, 372

-25.5

-29.2

138, 198

154, 549

+11.8

48.1
12, 172

47.3
12,286

-7.4
+0.4

+0.4
-1.9

3,947

7,004

4,258

-57.7

-7.3

54,074

58, 507

+8.2

6,906
2,360
4,948

3,283
1.549
4,717

5,147
2,088
4,609

3,198
1,517
4.554

-52.5
-34.4
-4.7

+2.7
+2.1
+3.6

38, 652
14, 847
49, 801

42, 3CO
16, 449
53, 798

+9.4
+10.8
+8.0

37,335
30,438
6,897

42,004
34,407
7,597

42, 761
35,098
7,663

41, 198
33,542
7,656

41, 686
33,830
7,856

+1.8
+2.0
+1.9

+2.6
+3.7
-2.5

3,200
776
59

3,136
700
64

3,334
755
70

3,237
752
52

3,023
653
74

3,023
679
69

-2.9
-0.4
-25.7

+7.1
+10.8
-24.6

33, 151
7,187
517

35, 977
8,230
684

+8.5
+14.5
+32.3

213
102, 085
57.7

215
105,480
58.1

219
108, 760
58.9

213
105, 850
57.1

206
97,950
53.9

220
103, 445
57.6

-2.7
-2.7
-3.1

-3.2
+2 3
-0.9

20, 846
23,791
87.6
84
71

15, 427
17, 969
85.8
101
85

14, 365
17, 622
81.3
87
58

21,009
24, 423
86.0
82
82

25,002
27,020
92.5
92
69

15, 953
21, 148
75.4
83
68

+46.3 +31.7
+38.6 +15.5

+14. 1
-1.2

207, 911
267, 052

193, 652
236, 753

+5.8
-5.7
+41.4

-6.9
-11.3

53, 796
52.0
53, 586
45,802

54,630
53.2
50,885
43, 874

53,963
52.7
49, 738
43, 322

43, 214
42.7
41, 102
39, 017

64,216
61.3
55, 795
61, 778

58,315
56.8
51, 866
52, 053

-19.9
-19.0
-17.4
-9.9

-25.9
-24.8
-20.8
-25.0

632, 155

637, 910

+0.9

601, 245
561, 039

599, 312
489, 971

-0.3
-12.7

19.26
17.50
20.19

19.39
17.50
20.18

20.26
18.00
20.39

20.76
18.50
20.83

20.89
18.63
20.66

22.14
19.88
21.83

+2.5
+2.8
+2.2

-6.2
-6.9
-4.6

18, 174
27, 393
29,858
102,913

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

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

24,310
28, 889

19, 810
22, 920

4

* 194, 788
186, 896

4 205, 165
* 200, 589

+5.3
+7.3

21, 444
30,249
33, 187
105,071

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

22,338
35, 354
28, 170
87, 437

27,889
31, 528

20,854
24, 571

* 208, 607
< 202, 360

* 212, 377
« 211, 025

+1.8
+4.3

14, 308
19, 845

15, 551
18, 766

15,000
20,173

18,604
19,848

15,788
16, 455

< 129, 532
< 133, 945

< 1 50, 038
* 138, 122

+15.8
+3.1

23,028

21,080

18, 257

46, 519

44,534

39,409

40,169
689

43, 662
720

+8.7
+4.5

August

September

October

November

October

November

13,230

17,647

16,969

13,664

10, 176

11, 867

38.6
12, 196

44.4
11, 754

44.4
11,759

51.3
12,002

47.5
12,049

10, 709

9,622

9,337

7,655
2,651
4,796

7,346
2.586
4,738

32, 174
26, 280
5,894

July

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

from

BUTTONS
Fresh- water pearl buttons:
Production .
per ct. of capacity
Stocks end of month
thous of gross
IEON AND STEEL
Iron
Iron ore:
Shipment from mines. .thous. of long tons..
9,999
ReceiptsLake Erie ports and
furnaces. . . thous. of long tons..
7,300
Other ports
thous. of long tons..
2,609
Consumption..
thous. of long tons
4,787
StocksTotal
thous of long tons
26, 691
At furnaces
thous. of long tons
21, 582
On Lake Erie docks. thous. of long tons..
5,109
Pig-iron production:
Total, U. S__
thous. of long tons
3,223
762
Merchant furnaces
thous. of long tons..
Canada ___
thous. of long tons
67
Furnaces in blast, end of month:
Furnaces ._
.
number
216
Capacity
long tons per day
103, 245
Per cent of total
per cent
58.5
Ohio gray-iron foundries:
MeltingsActual..
_ ._ long tons
18, 472
Normal
long tons.. 24,038
Ratio to normal per cent of normal..
76.8
Stocks, end of month, .per cent of normal..
79
Receipts
per cent of normal
56
Malleable castings:
Production
short tons
51, 568
Operating activity
per ct. of capacity..
50.4
Shipments _
short tons
50,998
Orders booked
short tons
52, 716
Wholesale prices:
Foundry No. 2,
northern
dolls, per long ton
19.45
Basic (valley furnace).. dolls, per long ton..
17.63
Composite pig-iron
dolls, per long ton..
20.23

+20.6

Cast-iron Boilers and Radiators
Round boilers:
Production
thous. of Ibs
17,058
Shipments
thous. of Ibs.. 20,882
Orders received.,
. . thous. of Ibs
23, 157
Stock on hand, end month. ..thous. of Ibs.. 107, 171
Square boilers:
Production
thous. of Ibs.. 18, 257
Shipments.. . .
thous. of Ibs
23,991
Orders received
thous. of Ibs.. 27,904
Stock on hand, end month.. .thous of lbs._ 111,713
Radiators:
Production.thous. sq. ft. of heating surface.. 14,424
Shipments. thous. sq. ft. of heating surface-- 14,983
Orders rereceived.. thous. sq. ft. of heating surface-- 16, 243
Stock on hand, end
month. .thous. sq. ft. of heating surface.. 52, 915

Crude Steel
Steel ingots, production:
United States.
. thous. of long tons
3,651
4,005
3,931
C anada .
thous . of long tons
65
46
59
U. S. Steel Corporation:
Unfilled orders,
end of month.
thous. of long tons
3,603
3,542
3,594
Steel castings:
BookingsTotal
short tons.. 74, 430
66,152
65, 151
Ratio to capacity
per cent
57
51
51
Railroad specialties .
short tons
29,258
22,945
22,026
Miscellaneous
short tons.. 45, 172
43,207
43, 125
Production:
Total
short tons.. 85,338
79, 568
77,315
Ratio to capacity
per cent
66
62
60
Railroad specialties
short tons
30,613
25,945
22,637
Miscellaneous
short tons. _ 54, 725
53, 623
54, 678
Sheets, blue, black, galvanized, and full finished:
ProductionTotal
short tons
239,764
293, 703
307, 459
Ratio to capacity
per cent..
77.3
92.0
96.2
Stock, end of monthTotal
short tons. 153, 962 147, 862 134, 422
Unsold
short tons.. 46,031
44,988
34, 511
Shipments
short tons.. 264,025 281, 602 302, 198
Sales.
short tons
352, 414
283, 055
448, 147
Unfilled orders, end of month, .short tons.. 520,281 521, 837 731, 977
4
»Revised.
Ten months' cumulative, ending Oct. 31.



4,093
a 64

3,722
54

3,889
109

3,903
73

-9.1
-15.6

-4.6
-26.0

3,684

3,807

4,109

4,582

+3.3

-16.9

72, 399
56
27,822
44, 577

68, 545
53
28, 079
40,466

74, 283
59
26, 434
47,849

83, 197
66
38,485
44,712

-5.3
-5.4
+0.9
-9.2

—17.6
-19.7
-27.0
-9.5

77, 537
60
25, 587
51,950

84, 685
66
24, 362
60, 323

314, 598
101.4

278, 455
86.9

348, 714
106.4

336,021
107.8

-11.5
-14.3

141, 206
40, 758
301, 474
212, 029
581, 993

165,114
40, 929
262, 797
185, 235
500,120

123, 444
40,200
332,211
403,491
595, 583

143, 282
36, 105
294,660
370, 361
636, 570

+16.9 +15.2
+0.4 +13.4
-12.8 -10.8
-12.6 -50.0
-14.1 -21.4

800, 115

884, 474

+10.5

325, 975
474, 136

341, 453
543, 121

+4.7
+14.5

3,195,025

3, 209, 107

+0.4

2, 900, 293
2,959,870

3, 174, 519
2,955,465

+9.5
-0.1

+9.2
+10 0
-4.8
+16.1

-17.1
-19.4

» See table on p. 13 of the November, 1926, issue for earlier data.

28

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, "Survey"

August

July

PER CENT INCREASE (+) OR
DECREASE (— )

1925

October

November

October

November

Nov.,
1926,
from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

511, 118
493,363
43.6
46.0
508,548 497,031
52, 939
49, 271
, 288, 431 , 149, 325

510,489
48.0
505, 383
54,377
,732,007

553,545
51.0
555,981
52,748
890,904

498,929
45.0
498, 070
53,607
, 248, 545

+3.5
+4.3
+1.7
+10.4
+50.7

+2.3
+6.7
+1.5
+1.4
+38.7

35.00
38.43
2.65
2.00

34.25
37.61
2.61
1.95

34.75
38.73
2.63
1.95

0.0
+1.1
0.0
0.0

+0.7
-0.8
+0.8
+2.6

0.0

+6.6

-4.5
-4.5
-11.0
-11.0

September

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per ct.
increase
(
or1?
decrease
(-)
cumulative
1926
from
1925

192o

1926

5, 579, 169

6, 048, 730

+8.4

5, 577, 625

6, 040, 453

+8.3

-11.3
-11.3
-1.4
-1.4

2, 479, 650

2, 296, 650

+7.4

2, 513, 200

2, 644, 350

+5.2

+23.1 +60.6
+15.3 +15.3
-17.2 +149. 0

333,414

442, 819

+32.8

91,250

158, 711

+73.9

IRON AND STEEL— Continued
Crude Steel— Continued
Steel barrels:
Production
barrels.. 585, 734
523, 037
41.0
Ratio to capacity
per cent
47.7
Shipments
barrels.. 593, 611
511, 542
50,369
Stocks, end of month
barrels
38,874
Unfilled orders, end of month
barrels.. , 293, 601 ,170,998
Wholesale prices:
Steel billets, Bessemer. dolls, per long ton..
35.00
35.00
Iron and steel
dolls per long ton
37.61
37.69
2.64
Composite steel
dolls per 100 Ibs
2.64
1.95
Structural steel beams.. .dolls, per 100 Ibs..
1.95
Steel sheets, Youngstown dist.
dolls per 100 Ibs
3.25

35.00
37.70
2.64
2.00

35.00
38.02
2.65
2.00
3.25

3.05

Steel Products
Structural steel, fabricated:
Bookings (prorated)
short tons
Ratio to capacity
per cent
Shipments (prorated!)
short tons
Ratio to capacity
per cent
Steel plate, fabricated, bookings:
Total
short tons
Ratio to capacity
per cent
Oil-storage tanks
short tons
Iron and steel:
Exports (total)
long tons
Imports
long tons..
Steel furniture:
Business group—
Shipments
._
thous. of dollars
Orders received
thous. of dollars
"Unfilled orders
thous of dollars
ShelvingShipments _ . . . thous. of dollars
Orders received
thous. of dollars
Unfilled orders
thous of dollars

216, 550
268, 400
88

250, 100
82
250, 100
82

183,000 3201,300
60
366
253, 150 « 250, 100
83
382

192, 150
63
222, 650
73

271,450
89
268,400
88

216, 550
225, 700
74

12, 827

48, 140
66
21, 725

35, 489
50
17,035

41, 314
59
23, 070

50, 863
68
19, 111

32, 772
42
8,802

31,673
40
7,676

194, 717
61,795

171, 588
75,248

182, 071
68, 334

172, 070
64,722

219, 830
58, 472

141,817
69,280

171, 134
70, 556

+27.8
-9.7

+28.5
-17.1

1, 620, 362
756, 012

1, 968, 859
875, 253

+21.5
+15.8

2,150
2,284
1,669

2,343
2,299
1,638

2,450
2,420
1,614

2,546
2,607
1,686

2,734
2,602
1,545

2,423
2,488
1,544

2,192
2,309
1,664

+7.4
-0.2
-8.4

+24.7
+12.7
-7.2

23,975
24,469

28, 487
28,582

+18.8
+16.8

531
604
602

546
611
662

588
708
790

637
596
745

580
575
731

622
731
627

575
687
740

-8.9
-3.5
-1.9

+0.9
-16.3
-1.2

5,889
6,330

6,709
6,808

+13.9
+7.6

378, 163
448,390
411, 119
173

391, 935
384,924
422, 148
167

400,464
377, 798
522,273
194

396, 354
447, 189
524, 612
195

480, 328
414, 148
593,456
189

44 3,768,362 4 4,205, 065
3, 476, 502 44,286,545

+11.6

175

424,054
400,646
518, 795
208

-10.3

-7.4

125
50,494

104
38, 852

127
44, 211

112
40,780

85
27, 606

114
53, 451

76
33, 461

-24.1
-32.3

+11.8
-17.5

1,240
506,229

1,289
511, 254

+4.0
+1.0

85,799
69, 762

84,912
70, 592

93, 801
76,308

89,645
75,459

75, 577
63, 607

73,746
62, 276

4 737, 640
4 610, 703

4865,396
4703,691

+17.3
+15.2

582
51, 874
3,653

561
46,000
3,225

3474
a 38, 578
3 3, 173

464
39,912
3,333

663
68, 152
3,666

516
46, 173
2,984

4 5, 958
* 606, 900
430,830

45,232
4 476, 267
4 32, 810

-12.2
-21. 5
+6.4

1,594
1,611
3,586

1,947
1,919
3,606

1,468
1,703
3,332

1,484
1,540
3,256

1,481
1,582
3,252

1,289
1,290
3,256

4 14, 531
4 13, 586

415,993
415,410

+10.1
+13.4

154
157
126
137

150
135
199
129

121
110
148
132

«86
«87
•97
•115

102
101
110
116

84
78
110
121

7,830
4,320

7,578
4,267

7,534
5,581

7,463
7,797

15
95
1

14
81
2

10
82
5

18
«97
»17

18
86
19

17
108
5

172
1,032
93

-4.4
-0.3
-21.2

3,334
49
37

4,254
39
78

3,115
43
30

3,239
40
32

4,330
52
79

3,725
63
59

363,537 3 300, 142
350,913 3 289, 547
12,624
10,595

226,253
219, 479
6,774

408,017
394,096
13,921

34,213

Machinery
Foundry equipment:
Sales
dollars
Shipments...
dollarsUnfilled orders, end of month
dollars..
Jitachino tools orders
index number
Stokers, mechinical:
Sales
_
number..
Sales
horsepower
Washing-machine sales:
Total
i
number..
Electric
number..
Agricultural pump shipments:
Total
thous of dolls
Pitcher hand etc
number
Power pumps
number..
Steam, power, and centrifugal pumps:
New orders
thous. of dolls._
Shipments
thous of dolls
Unfilled orders, end mo
thous. of dolls—
Agricultural machinery and equipment:
Sales—
Total
index number
Forp'gn
"'""""'
indftT TiiTmhpr""
u
Prod *•
• *ij
Pe —
Domestic pumps and water systems:*
Shipments
number of units
Stocks, end of month
number of units..
Electric industrial trucks and tractors:
Shipments, domesticTractors
.number of vehicles. _
All other types
number of vehiclesExports
number of vehicles..

+23.3

—15.4
+17.6

6,310
9,172

0.0
-11.3
+11.8

+50.0
-15.7
+90.0

180
1,035
118

3,777 +33.7
48 +30.0
53 +146. 9

+14.6
+8.3
+49.1

41,726
681
710

-24.6
-24.2
-36.1

-32.9
-33.2
-22.5

3, 549, 660
3,417,847
131, 813

3,786,024
3, 627, 589
158,435

+20.2

-16.1
-15.3
-25.1

-1.6
-3.9
+36.5

465, 982
445,639
20,343

504,194
465,265
38,929

+8.2
+4.4
+91.4

12
102
10

PATENTS ISSUED
Total, all classes.
_ __
Agricultural implements
Intemal-rnmbiistiOTi engines

number. _
number
mimber

AUTOMOBILES
Production:
Passenger cars—
393,040
Total
.
number of cars
329,950
380,258
United States
. . number of cars.
316, 997
12,782
Canada
number of cars12, 953
Trucks—
47,907
Total
number of cars.
41,921
45,404
39, 666
United States
number of cars
2,503
2,255
Canada
number of cars.
3 Revised.
4 Ten months' cumulative, ending Oct. 31.




51,299
46,428
4,871

337,435
328,694
8,741

40,048
46,013
46,965
39,388
37,811
44,323
36,334
42,890
2,237 I
1,690
3,054
4,075
* Preliminary.
» See table on p. 13 of the September,

1926, issue for earlier data.

41,239 i -1.2
580 -14.8
550 -22.5

+6.7
+6.1

29
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

1926

July

1925

ber

Nov.,
1926,
from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

22, 562
18, 487

4,075

28, 472
21, 158
7,314

+36.7
+25.8
+80.7

-2.1
-2.8
0.0

7,976
6,229

9,323
7,659

1,747
12, 713

1,664

-5.7
-16.0
+41.7

14,827

+16.5
+18.3
+11.9

79
94
83
119

214
131
163
100

149
133
158
96

-36.8
-19.0
-23.9
-18.0

-47.0
-29.3
-48.5
+24.0

78, 550
101, 729

96,364

73, 374

-32.2
+2.7

+7.1
+68.8

October

Novem-

27,001
20,038
6,963

20,395

4,483

6,471

7,546
5,439
2,107

11,647

1,988
8,514

12.9KJ

157
120
131
166

151
120
126
165

125
116
109
145

134,231
122,305

138, 360
118, 224

115, 848

303, 757

258, 431

238, 328
9,160

August

Septem-

20,272
16, 130
4,142

3,045
2,448

ber

October

Novem-

27,873
20,562
7,311

8,793
6,435
2,358

ber

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEM-

PER CENT INCREASE (+) OR
DECREASE (-)

BER 30

1925

1926

Perct
increase
( }
or tdecrease
(-)
cumu
lative
1926
from
1925

AUTOMOBILES— Continued
Exports:
Assembled—
Total
_ .. number of cars
22,486
Passenger cars
number of cars
17,077
Trucks _
number of cars
5,409
From CanadaTotal
_ number of cars
4,158
Passenger cars
number of cars
2,641
Trucks
number of cars
1,517
Foreign assemblies
number of cars__
12,299
Accessories and parts:
ShipmentsOriginal equipment
index nos__
135
Replacement parts
index nos__
117
Accessories
index nos_.
127
Service parts
index nos._
142
Sales (General Motors Co.):
To dealers
.
number of cars
87,643
To users
number of cars
101, 576
New passenger-car registrations:
Total
number of cars.. 327, 713
Highest price group
number of cars.. 11, 553
Second highest group
number of cars.. 56, 535
Third highest group
number of cars.. 71, 371
Lowest price group
number of cars.. 186, 842
Miscellaneous. .
number of cars _
1,412

597

10,600
63,703
59,355

168, 920
1,179

16, 348

4,047

99,073

86, 281

60,257

247, 002

193, 922

55, 224
50, 818
141, 841
969

49,288
48,237

47, 814

130, 650
993

145, 508
1,099

43,918

33, 297
29, 866
123, 612
783

3 72, 627

3 75, 099

9,579

8,663

269,417
219, 682
49, 735

+4.0
-1.4
+27.8

68,704

63,543

52,363
14,809

48, 792

« 151, 784

« 151, 207

+2.3
-6.8
+34.5
-0.4

781, 785
770, 927

1, 190, 719
1, 163, 097

+52.3
+50.9

2, 860, 774
*4 108, 199
560, 703
4
596, 544
1,551,
824 41, 4582, 181
4
43, 976
13, 147

+10.2
+47.2
+11.2
+41.6
+2.0
-70.1

800,406

+3.6
+3.4

1, 232, 774

1, 314, 030

759, 813
493, 743

840, 232
423, 837

+6.6
+3.5
+10.6
-14.2

67, 172

4

2, 594, 838
* 73, 493
4
504, 245
4
421, 300
4

6,364

280, 128
216, 585

19,912

4

NONFERROUS METALS

Copper

Production:
Mines
short tons
Smelter
short tons
Refined (North and South
America)
short tons
World production, blister
short tonsDomestic shipments refined
short tons
Exports
short tons
Stocks (North and South America) :
Refined
short tons—
Blister
short tonsWholesale price, electrolytic
dolls, per lb__

72,228

387,012

75, 240
92, 716

71,042
82,839

67,400
78,643

+0.2
+6.6

+11.6
+17.9

126, 322
148, 405
74, 207
46, 471

138,234

121, 639

113, 474

37, 741

123, 390
123, 120
132, 013 3 136, 600
73, 939
78, 459
36,563
40, 753

76, 468
30, 872

82, 779
30, 547

+2.6
+8.6
+0.4
+27.1

+11.3
+11.6
-10.4
+52.1

66, 658
260, 186
.1417

68, 233
70, 137
263, 935 3 267, 866
.1386
.1406

72, 855

276, 019
.1358

247,061

67, 838
249, 064
.1435

+8.2
. +3.0
-2.0

+8.9
+10.8
-5.4

176, 794
214, 370
106. 23

201,998

155,069

172,294

204, 256
106. 22

175, 454
106. 19

171, 963
106. 02

323, 247
314, 967
111. 77

393, 556
385, 128

110.83

+11.2
-2.0
-0.2

-56.2
-55.3
-4.3

2, 530, 963
2, 372, 510

2, 258, 461
2, 287, 672

-10.8
-3.6

225, 831

237,808

186, 751
226, 872

261, 055
277, 647

253, 604
311, 883

216, 117
246, 041

442, 427
468, 330

547, 667
366, 603

-14.8
-21.1

-60.5
-32.9

4, 313, 486
4, 772, 992

2, 961, 789
3, 172, 169

-31.3
-33.5

142
54, 234

153
50, 657

124
48, 517

3148
3 44, 334

132
42, 953

123
51, 408

128
45, 491

-10.8
-3.1

+3.1
-5.6

1,395
569, 305

1,357
563, 230

-2.7
-1.1

70, 295

71, 545

+1.8

69, 178

70, 706

+2.2

537, 134

581, 649

+8.3

-5.2
+20.6
-16.4

746, 725

771, 168

-3.3

76, 479

72, 014
77, 613

119, 020

128, 925
128, 568

124,483
76, 352

35,300
64,940

277, 888
.1392

84,034

80,320

73,856

.1430

133,007

772, 551

868,048
1,409,066

897, 207

1,458,275

Copper Products
Plumbing fixtures:
Sales, tubularQuantity
number
Value
dollars..
Wholesale price, 6 pieces
dollarsBrass faucets:
Orders received
number of pieces
Orders shipped
number of pieces _
Fire extinguishing equipment, shipments:
Motor vehicles ..
_ __ .number. _
Hfvnd types
rmmhp.r

174, 145

188,203
106. 78

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

.long tons

7,630

5,870

5,835

5,955

6,140

6,070

5,670

+3.1

+8.3

long tonslong tonslong tons...dolls, per lb__

13, 777
3,014
7,941
.6137

13, 352
1,829
5,132

14,379

14, 841
1,554
5,126

15, 257

15, 770

18, 199
1,904

+2.8
+48.3
+34.3
+0.6

-16.2
+21.0
+50.5
+10.5

Retorts in operation, end of month number..
Production..
short tons..
Stocks, end of month
short tons..
Ore, Joplin district:
Shipments ..
. .short tons
Stocks, mines, end of month
short tons..
Price, slab, prime western
dolls, per lb._

83,980

48, 403
22, 986

84, 584
51, 761
18, 164

87,028

73, 409
20, 776
.0741

67, 736
19, 250

Production
short tons . 47, 796
Ore shipments:
Joplin district
..short tons
11, 566
Utah °
short tons.. 69, 965
Receipts of lead in U. S. ore
short tons.. 44, 944
Stocks, U. S. and Mexico, end mo..short tons.. 118, 697
Price, pig, desilverized (New York).dolls. per lb..
.0850

.6823

2,304
6,882
.6867

52, 144
15, 699

87, 028
54, 979
15, 909

.0738

69, 547
19, 103
.0741

75, 786
26, 287

22, 482

49,017

47, 240

353,389

52, 722

52,927

49,230

-1.2

+7.1

520, 529

545, 052

+4.7

10, 505
59, 303
47, 566
111, 429
.0891

11,879

14, 965

8,641
61, 460

9,703

13,693
58,192
48,273

-42.3
-19.5

-36.9
+5.6

116, 107
746, 476
* 453, 876

118,381

+2.0
-4.2
+4.4

-4.6

-17.8

.6388

1,854

6,092
.6654

2,464

6,401

4,574

88,076
55,062
14,481

89, 877
50, 497

90,085

70,045

81, 295
24, 593

73,915
18,638

.6046

.6214

Zinc

.0730

.0720

7,475
.0828

50, 629

6,922

0.861

—2.2
+1.2
+8.8
+0.2
-9.0 +109. 2
-7.6
-14.5
-1.4

Lead

62, 817
47, 755
113, 109

.0879

76,317
48,881
118,311
.0840

.0801

75, 709
47, 412
104, 999
.0951

106, 912

.0974

4

715, 392
473, 640

Babbitt Metal
Consumption:
Total apparent
.
Direct by producers
Sale to consumers
3 Revised.




thous. of Ibs
5,015
4,987
5,337
thous of Ibs
1,339
1,354
1,482
thous.
of Ibs..
3,677
3,633
3,855
is. onus..
«*,o//
6,odvj
6,ODD
Ten months' cumulative, ending Oct. 31.

4,868
1,339

3,529
d,D^y

4,358
5,550
4,955 -10.5 -12.0
57, 527
55, 709
1, 147
1,380
1,421 -14.3 -19.3
13, 156
14, 284
3,534
d,m
4,
ivu
6,56i
—y.u
—y.
i
44,370
<41,425
3,211
4,170
-9.1
-9.0
<> See table on p. 14 of the November, 1926, issue for earlier data

-3.2
+8.6
-6.6

30

TREND OF BUSINESS MOVEMENTS—Continued
!

The cumulatives shown are through
November except
where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

PER CENT INCREASE (+) OR
DECREASE (— )

1925

1926

.

Nov.,
July

August

September

October

November

October

November

1926,

from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

Per ct.
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

1935

1926

4

7, 307

* 4, 447

-39.1

* 9, 923

« 4, 470

-55.0

NONFERROUS METALS— Continued
Arsenic
Crude:
Production
Stocks, end of month
Refined:
Production
Stocks, end of month

short tons
short tons

374
2,954

166
2,947

488
2,959

419
2,538

517
3,143

492
3,346

short tons. _
short tons

271
3,523

495
3,002

560
2,648

697
2,382

728
7,446

3491
6,997

161,315

179, 234

183, 551

182,073

113, 427
149, 829
112, 629

114, 748
139, 964
113, 835

102, 333
149, 555
97, 178

98, 237
158, 764
92,008

80, 271
161, 391
84, 209

127, 355
85, 555
110, 396

86, 615
110, Oil
93, 685

-18.3
-7.3
+1.7 +46.7
-8.5 -10.1

1, 232, 275 1, 127, 009

117, 973
238, 556
118,963

122, 523
219, 086
119, 924

130, 131
210, 291
115,797

117, 122
208, 406
109, 582

86,545
225, 555
86, 946

140,699
201, 847
124, 362

105, 523
222, 032
117, 750

-26.1 -18.0
+8.2
+1.6
-20.7 -26.2

1, 419, 676

117, 263
284, 432
117, 705

122, 294
273, 590
127, 758

125, 044
257, 240
115, 973

120,262
246, 816
110, 784

91, 789
274, 140
94,788

145, 951
239, 269
130, 554

106, 028
228,659
121,985

-23.7 -13.4
+11.1 +19.9
-14.4 -22.3

48, 162
151, 854
49, 432

51, 559
145, 143
55, 657

55, 412
137,971
51, 483

52, 018
135, 600
49, 027

40, 333
138, 348
43, 030

57, 906
142, 542
54, 452

45, 910
153, 960
46, 778

-22.5 -12.1
+2.0 -10.1
-12.2 -8.0

73, 640
160, 665

61,991
155, 423

48, 278
143, 670

43, 556
105, 664

38, 801
97,056

79, 437
192, 610

78, 325
206, 451

-10.9 -50.5
-8.1 -53.0

71

77

80

86

84

86

482, 765
176, 985
286, 553
19, 227

419, 071
172, 126
228, 488
18, 457

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

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

635,000
234, 605
371, 939
28,455

771,239
274, 429
468, 530
28, 280

677,884
271, 624
381,886
24, 374

273, 365
75, 630
154,041
43, 694

284, 474
86, 986
145,616
51, 872

287,361
97, 335
146, 974
43, 052

291, 992
101, 984
148,970
41, 038

311, 529
90, 428
176, 583
44, 518

315, 532
120,041
158,064
37,427

345, 902
166, 366
139, 883
39, 653

1,318,083

984, 598

350
207, 761
156, 508

388
213, 130
179, 286

i

Galvanized Sheet Metal Ware
Shipments.

_ _

..dozens..

Enameled Ware

Baths:
Orders shipped
.
.number.
Stocks, end of month
. number..
Orders received
number..
Lavatories:
Orders shipped
number
Stocks, end of month . .
number
Orders received
number. _
Sinks:
Orders shipped
number
Stocks, end of month...
number..
Orders received
_
number
Miscellaneous sanitary ware:
Orders shipped
.
number
Stocks, end of month . _
number..
Orders received
number
Unfilled orders, end of month:
Baths
number
Small ware
number
Household ware:
Furnaces operating
per cent of total..

1, 292, 055 1, 162, 946

-8.5
-10.0

1, 291, 263

-9.0

1, 465, 360 1,288,009

-12.1

1,435,268

1, 285, 223

-10.5

1,479,556

1, 290, 964

-12.7

703, 083

564, 465

-19.7

650, 722

584, 235

-10.2

-1.7 -6.3
-4.4 -13.6
+1.2 -2.6
-14.1 +16.7

6, 171, 367 5, 791, 737
2,288,317 2, 195, 549
3, 698, 816 3,342,940
204, 233
253, 251

-6.2
-4.1
-9.6
+24.0

+6.7 -9.9
-11.3 -45.6
+18.5 +26.2
+8.5 +12.3

3,499,001 3, 180, 596
1,411,860 1,012,731
1,695,494 1,676,241
491, 624
391, 657

-9.1
-28.3
-1.1
+25.5

47,018,661 *6, 524, 620

-7.0

3,328
3,293
1, 798, 179 1, 762, 865
1, 631, 163 1, 806, 843

-1.1
-2.0
+10.8

520, 619
27, 217

+10.7
+91.8

Band Instruments

Sales:
Total
Cup mouthpieces
Saxophones... _ .
Woodwind

.

dollars
dollars
dollars..
dollars..

Electrical Equipment
Electrical porcelain, shipments:
Total
dollars
Standard _ .
...
_ .dollars. _
Special
dollars
High tension
. . dollars
Laminated phenolic products,
shipments
dollars
Motors (direct current):
New orders
.
dollars. _
Billings (shipments)
dollarsElectric hoists:
New orders—
Quantity
numberValue
dollars..
Shipments
.
dollars. Power switching equipment (quarterly):
New ordersIndoor
. single pole units..
Outdoor
single pole units

613, 645

765,810

829, 355 1,032,042

740, 424
876,257

792,613
876,297

937,913
745, 783

801,006
837,214

293
171,871
130,234

273
165, 773
150, 419

326
153, 632
173, 958

233
128, 137
169, 245

290
130, 257
139, 231

7 15, 520
7 14, 970

e 11, 436
• 10, 191

+24.5
+1.7
-17.6

-25.3
—38.9
-22.3

+35 7
+46.9

FUELS
Coal and Coke

Bituminous:
Production
thous . of short tons. . 43,472
Exports
. .
. thous. of long tons. _
3,240
Consumption—By vessels
thous of long tons .
641
By electric power
plants
thous of short tons
3,360
By railroads
thous. of short tons..
7,635
By coke plantsUnited States.thous. of short tons6,915
Canada
..thous. of short tons..
236
PricesMine average (spot) -dolls.per short ton..
1.91
Wholesale, Kanawha, f. o. b.
3.39
Cincinnati
dolls, per short ton..
8.27
Eetail, Chicago... dolls, per short tonAnthracite:
Production
thous. of short tons
8,429
Exports
thous. of long tons
390
PricesWholesale chestnut,
New York
. dolls, per long ton
11.48
Retail, chestnut,
K50
New York
dolls, per short ton..
3 Revised.
4
Ten months' cumulative,




46, 352
3,548

48, 976
3,737

54,592
4,188

59, 721
4,605
841

+0.1 +147. 4

340
3,472
8,915

6,734
234

6,478
248

7,024
237

2.70

3.19

2.13

2.26

+18.1 +41.2

3.74
9.06

4.39
10.15

3.39
8. 99

3.39
9.65

+17.4 +29.5
+12.0 +5.2

6,574
250

7,298
250

6,844
263

2.00

2.15

3.39
8.32

3.64
8.91

8,225
395

8,444
363

8,675
459

11.47

11.48

14.50

14.54

ending Oct. 31.

+9.4 +17.6
+10.0 +211. 8

352

840

3,681

3

50,780
1,477

3,710
8,992

739
3, 478
8,115

709

33,447
7,873

53, 203
1,243

-1.6
-11.0

69
46

153
31

-14.2
-23.7

11.48

7,446 I
350 |
i
11.48

11. 28

11.29

0.0

14.50

14.50 i

17. 04

-4.1
-1.3

+1.7

0.0 -26.1
19.63
6
Quarter ending June 30.
? Quarter ending Sept. 30.

470, 151
14, 193
4,003

6,187

+54.6

* 32, 754

* 33, 874

+3.4

66, 883
2,009

76, 432
2,667

+14.3
+32.8

61, 591
2,834

77, 473
3,305

+25.8
+16.6

31

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

July

PEE CENT INCREASE (+) OR
DECREASE (— )

192-5

1926

Per ct.
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

August

September

October

November

October

November

Nov.,
1926,
from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

1925

1926

752
3,749
166
75

1,310
3,641
166
64

867
3,812
174
84

859
3,743
154
67

1,006
3,402
161
71

1,213
3,557
156
87

-0.9
-1.8
-11.5
-20.2

-29.2
+5.2
-1.3
-23.0

9,405
36, 228
1,318
722

11, 368
40, 716
1,752
819

+20.9
+12.4
+32.9
+13.4

3.14

3.49

4.00

4.89

6.53

6.88

+22.3

-29.9

66, 525

65, 300

* 69, 043

69, 314

64, 842

702, 196

694, 264

—1.1

57, 583
677, 741
15, 412

55, 342
709, 902
17, 415

-3.9
+4.7
+]3.0

9, 969, 246

11,143,566

+11.8

1, 164, 881 1, 643, 876
8, 648, 262 9, 808, 050

+41.1
+13.4

FUELS— Continued
Coal and Coke— Continued

Coke:
Production, U. S —
Beehive
thous. of short tons..
963
By-product
thous. of short tons
3,756
Production, Canada.. thous. of short tons..
168
Exports
thous of long tons
81
Price, furnace, Connellsville
...dolls, per short ton..
2.94
Petroleum
Crude petroleum:
Pr oducti on
th ous . of bbls
64,893
Stocks, end of monthTotal (comparable)
thous. of bbls.. 278, 184
Tank farms and pipe
lines
thous. of bbls
242, 149
Refineries
_
thous. of bbls.. 36,035
California —
Light
thous. of bbls.. 33,583
Heavy
thous. of bbls.. 87, 761
Imports
thous. of bbls..
5,185
Consumption (run to stills) .thous. of bbls.. 67,442
Oil wells completed _
number. .
1,861
Price, Kansas-Oklahoma dolls, per bbl__
2,050
Gasoline:
ProductionRaw (at refineries)
thous. of gals 1, 046, 934
Natural gas (at plants).. thous. of gals.. 110, 359
Exports
thous. of gals.. 150, 909
Consumption
thous. of gals.. 1, 014, 804
Stocks, end of month
thous. of gals" 1, 609, 230
Price, motor, New York
dolls, per gal..
.210
Kerosene oil:
Production
thous. of gals
204, 204
Consumption
thous. of gals.. 113, 778
Stocks at refineries, end mo. -thous. of gals
354, 438
Price, 150° water white.
dolls, per gal
.099
Gas and fuel oils:
Production
thous. of gals.. 1, 316, 742
Consumption—
By vessels
thous. of gals.. 165, 464
By electric power plants. thous. of gals__ 29, 562
By railroads
thous. of gals.. 170, 979
Stocks at refineries, end mo. -thous. of gals.. 1, 079, 232
Price, Okla., 24-26 at
refineries
dolls, per bbl__
1.231
Lubricating oil:
Production
thous. of gals.. 119, 574
Consumption
thous. of gals.. 87, 738
Stocks at refineries, end mo. thous. of gals.. 307, 734
Price, Pa., 600°, steam
refined
dolls, per gal..
.143

277, 486

277, 771

3

240, 855
36, 631

240, 123
37, 648

3

32, 124
87, 769
5,332
67,693
1,924
2,050

30, 489
87, 475
4,350
65, 992
1,745
2,050

3

61, 927

+0.4

+11.9

298, 193

3

296, 904

-0.2

-6.9

241, 420
35, 025

270, 160
28, 033

3

269, 760
27, 144

+0.4
-4.4

-10.5
+29.0

30, 122
87, 375
5,043
68, 045
1,744
1,750

44, 059
83, 391
4,367
63, 970
1,420
1,600

277,0] 4

276, 445

240, 365
36, 649

30,467
87, 461
3,860
69, 034
1,957
2,050

3
3

44, 561
84, 373
4,891
3 60, 310
3 1, 196
1,588

1, 067, 472 1, 043, 028 1,082,004 1, 087, 170
944, 496 3 921, 732
111, 859
111, 619
122, 068
124, 614
102, 100
102, 800
144, 055
112, 853
161, 516
158, 735
102, 404
124, 301
1, 103, 844 942, 858 986, 496 950, 122
832, 692 33 757, 008
1, 451, 142 1, 400, 322 1, 415, 652 1, 508, 472 1, 508, 220 1,569,246
.210
.210
.210
.210
.170
.170

-1.1 -32.4
-0.1 +3.6
+30.6 +3.1
-1.4
+12.8
-10.9 +45.8
10.2
-14.6
+0.5
+2.1
+40.7
-13.8
+6.6
0.0

+17.8
+21.2
+27.7
+12.3
-3.9
+23.5

212, 688
147, 546
314, 832
.080

+5.2
+11.9
-2.0
-11.4

+5.9
+2.2
+7.7
+16.3

1, 304, 352 1, 286, 040 1, 359, 204 1,330,812 1, 325, 478 1, 230, 852

173, 232
169, 694
181, 858
128, 900 3159,105
165, 980
31,927
38, 402
38, 406
35, 818
33, 211
171, 525 176, 864
190, 812
«203,324 189, 156
1, 113, 000 1, 142, 400 1, 107, 792 1, 128, 078 1, 215, 816 1, 145, 172

216, 258
114, 786
343, 812
.109

218, 022
142, 632
342, 678
.116

214, 284
134, 736
345, 996
.105

225, 330
150, 780
338,940
.093

215, 082
144, 732
335, 538
.077

2, 283, 204
1, 516, 116

2, 359, 602
1, 482, 600

-2.1

+8.1 14, 029, 428

13,922,454

-0.8

-8.7

+4.3

1,4 649, 135
363, 016
4
1, 700, 534

1, 788, 962
* 320, 396
4
1,703,921

+8.5
+11.7
+1.2

1, 190, 448
800, 940

1,248,492
877, 296

+4.6
+9.5

337, 177
27,317
155, 647
74,582
58, 266

345, 091
42,033
140, 676
81,900

+2.3
+53.9
-9.6
+9.8
-4.3

+1.8

-1.5

1.215

-3.8

+7.4

110, 460
73, 626
293, 958

-1.6
-3.1
+2.5

+3.6
-1.8
+8.9

-6.8

+30.6

1.355

1.425

1.356

1.305

1.056

119, 112
95, 718
303, 492

111, 090
84, 798
300, 258

116, 256
74, 676
312, 354

114,408
72, 324
320, 040

109, 536
74, 970
286,. 734

.136

.124

.117

.109

.159

.157

32,359
5,079
12,345
6,917
6,472

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

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

22,929
3,447
8,903
5,324
3,475

20,338
1,773
8,957
5,248
3,268

27,716
1,262
16,020
6,181
2,885

282,933
219, 193
43,483
20, 257

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

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

259, 369
203,246
38, 343
17, 780

273, 686
220, 293
36, 441
16, 952

.149
.178

.152
.178

.161
.178

.153
.168

.174
.200

.163
.198

-5.0
-5.6

-6.1
-15.2

1,183
22,308
67,313
100, 217
19,221

3 1, 152
21,978
69,090
98,098
8
23, 488

1,225
23, 681
71, 678
100, 085
24,928

1,178

1,318
23, 957
68,346
124,900
3
33, 910

1,074
19,983
60,289
111,404
28, 336

-3.8

+9.7

232,545

223, 165

207,921

182, 652

164, 783

80,313
155, 178

81, 721
151,905

82, 261
147,457

81,303
147, 329

78, 176
149,608

90, 660
289,218

85, 819
278, 719

80, 491
274, 918

127,926
291,891

122, 429
290, 815

1, 152
7,576

1,180
8,666

879
8,787

1, 859
7,986

1,137
7,855

.41
.45

.43
.45

.43
.45

3

3
3

+3.3
-2.2

HIDES AND LEATHER
Hldcs
Imports:
Total hides and skins
thous. of Ibs.
33,299
Calfskins
thous of Ibs
5,023
Cattle hides
thous. of Ibs.. 11,047
Goatskins
thousl of Ibs
8,455
Sheepskins
thous. of Ibs..
6,677
Stocks, end of month:
Total hides and skins
thous. of Ibs.. 288, 754
Cattle hides
_
thous. of Ibs.. 228, 320
Calf and kip skins
thous. of IbsII
41, 767
Sheep and lamb skins
thous. of Ibs
18, 667
Prices:
Green salted, packers' heavy
native steers
_
dolls, per lb_.
.142
Calfskins, country No. 1
dolls, per lb__
.172

Leather
Production:
Sole leather.. thous. of backs, bends, sides
1,115
Finished sole and belting
thous. of Ibs.. 21,440
Finished upper
_
thous. of sq. ft._
64, 678
Oak and union harness
stuffed sides
93,896
Skivers
doz
18, 126
Unfilled orders:
Oak and union harness
sides
40,012
Stocks in process of tanning:
Sole and belting
thous. of Ibs.. 79,601
Upper
'
thous. of sq. ft.. 151,389
Stocks, end of month:
Sole and belting.
thous. of Ibs.. 95,990
Upper
thous. of sq. ft.. 295, 074
Exports:
Sole
thous. of Ibs.,.
1,320
Upper
thous. of sq. ft..
8,181
Prices:
Sole, oak, scoured backs,
heavy, Boston
dolls, perlb..
.41
Chrome calf," B" grades, dolls, per sq.ft..
.45
3
Revised.




3

3

88,777

635
7,941

4

-21.3 -17.3
-25.7 +173. 1
-29.2
-44.4
-11.7 -13.9
-12.7 +20.5

55, 787

|

-11.3

-20.3

-27.8
-9.6

-44.2
+1.1

.46
.43
.47
0.0
-8.5
.45
.46
.46
-2.2
0.0
Ten months' cumulative, ending Oct. 31.

13, 813
229, 032
627, 641
1, 122, 931
340, 449

12, 367
215, 358
< 692, 900
1,123,382
221, 619

-10. o
-6.0
-9.4
+0.0
-34.9

17, 260
82, 256

12, 683
93,945

-26.5
+14.2

4
4

4

32

TREND OF BUSINESS MOVEMENTS—Continued

1926

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1925

November

October

November

from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

287,351
495

363, 709
626

310, 542
543

-18.4
-16.5

546

31, 055
515

24,630
557

+34.2

6.40

6.40

6.40

0.0

0.0

4.85

5.15

5.15

0.0

-5.8

4.00

4.15

4.15

0.0

-3.6

560, 730

576, 743

Nov.,
July

August

September

October

1926,

Per ct.
increase

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

1925

1926

-7.5
-8.8

4,026,397
6,907

3,923,473
6,678

-2.0

* 274, 518
6,047

(

-y

or decrease
(-)
cumulative
1926
from
1925

HIDES AND LEATHER— Continued
Leather Products
Belting sales:
Quantity - -pounds-- 327, 855 396,991 371, 597 352, 255
564
672
625
593
Value
thous. of dolls..
Boots and shoes:
3
29,646
Production
thous. of pairs__ 25, 052
31, 673
31,613
533
357
Exports
thous. of pairs..
407
426
Wholesale pricesMen's black calf
blucher, Mass
dolls, per pair..
6.40
6.40
6.40
6.40
Men's dress welt, tan
4.85
calf, St. Louis
dolls, per pair..
4.85
4.85
4.85
Women's black kid, dress
4.00
welt, lace, oxford
dolls, per pair..
4.00
4.00
4.00
Gloves:
Glove leatherProduction
number of skins — 499, 912 529, 823 585,394 604,271
Stocks (tanned)—
In process
number of skins.. 1,482,470 1,614,077 1,600,976 1, 602, 217
Fin ished
number of skins . . 510, 898 538,066 527, 476 519, 327
Gloves, cutTotal
dozen pairs. _ 183, 562 224,583 218, 191 229, 798
Dress and streetImported leather
dozen pairs.. 49, 327
56,224
56, 087
56, 406
Domestic leather
dozen pairs.. 30, 792
34,590
34,837
33,905
Work gloves
dozen pairs.. 103,443 133, 769 127,880 138, 874
RUBBER
Crude:
World shipments, plantation
long tonsImports (including latex)
-long tonsStocks, end of monthPlantation, afloat
long tons—
Consumption by tire mfrs
thous. of Ibs.
Wholesale price, Para, N. Y_ .dolls, per lb—

272, 291
5,209

;

* 5, 221, 915 < 6, 517, 869

1,287,706 1, 353, 367
328,282
324, 050

+24.8

1

219, 133

196, 957

* 2, 032, 234

4

2, 123, 799

+4.5

47,853
28, 457
142,823

40, 739
27, 503
128, 715

< 419, 170
* 310, 202
4
1, 297, 971

< 510, 718
335, 924
4
1, 277, 971

+21.8
+8.3
-1.6

39, 155

46,830
34, 651

50, 327
37, 755

+33.5

356, 903

375, 446

+5.2

.286

63, 570
42, 211
.773

67,100
38, 876
.853

-14.1 -66.5

-19.8 +35.2

7,279

7,834

+7.6

1, 697, 836
1, 690, 651

+9.0
+7.5

47,310
35, 821

3 53, 380
27, 399

57,068
37, 112

69,700
42, 189
.335

72, 100
49,841
.337

67,400
48, 168
.340

.333

thousands-

3,712
7,977
4,682

4,404
7,299
4,973

4,279
6,988
4,452

3,817
7,493
3,334

3,379
5,003
4,088

3,172
5,216
2,667

thousandsthousands. _
thousands. .

4,297
12, 949
6,381

5,568
11, 696
7,114

5,693
11,484
5,755

4,836
12,400
4,013

4,959
6,545
5,764

4,699
7,119
3,982

thousands. _
thousands-thousands _

30
152
40

38
147
45

36
137
44

44
157
50

45
127
55

42
119
47

2,458
999
954

2,940
913
1,533

3,964
804
2,652

962

3,353
1,303
1,506

2,191
571
959

11, 109

14, 490

16, 349

21,853

17,233

8,651
6,370
51, 699

9,607
7,911
49, 573

9,785
9,429
45, 483

12,338
7,137
38, 675

10, 282
5,987
37, 611

29, 334

4

-2.6
-3.3
-0.8
-13.9

+3.7

4

Tires and Tubes
Pneumatic tires:
Production
Shipments, domestic
Inner tubes:
Production
-—
Stocks end of month
Shipments, domestic
Solid tires:
Production
Stocks, end of month
Shipments domestic

thousands-

Other Rubber Products
Rubber-proofed fabrics:
ProductionTotal
thous. of yds..
Auto fabrics
thous. of yds._
Clothing fabrics..
thous. of yds..
Rubber heels:
Production. _
thous. of pairs..
Shipments—
To shoe manufacturers.thous. of pairs..
To repair trade
thous. of pairs
Stocks end of month _ _ .thous. of pairs..
PAPER AND PRINTING
Wood Pulp
Mechanical:
Production
short tons..
Consumption and shipments... short tons..
Stocks end of month
short tons
Imports
short tons..
Chemical:
Production
short tons—
Consumption and shipments... short tons..
Stocks end of month
.short tons..
Imports
short tons..
Price sulphite
dolls, per 100 Ibs
Newsprint Paper
Production:
United States
. short tons
Canada
..short tons..
Consumption by publishers
short tons
Shipments:
United States
short tons..
Canada
short tons__
Imports
short tons
Exports:
United States
short tons
Canada
short tons..
3
Revised.




772

130, 177 3 123, 438 33 135, 003 3 167, 597
147, 005 3 149, 515
147, 025 3 162, 812
224, 948 3 198, 782 3 186, 760 3 193, 040
26, 757
21, 645
31, 771
39, 123

160,380
153, 326
199, 648
26, 712

139, 417
151, 469
201, 212
32, 812

141, 786
148, 155
194, 400
35, 105

-4.3 +13.1
-5.8
+3.5
+3.4 +2.7
-31.7 -23.9

1, 557, 503
1, 573, 200

299, 400

279, 768

217, 150 3 215, 098 3 211, 852 3 225, 822
213, 550 3 223, 522 3 219, 788 3 237, 560
45, 710 3 45, 566 344,012 « 36, 130
129, 237
104, 964
131, 769
121, 806
2.95
2.75
2.75
2.75

224,006
222, 490
41, 696
123, 582
2.75

221, 270
224, 082
42, 470
117, 388
2.73

210, 724
210, 544
42, 660
110, 328
2.80

-0.8 +6.3
—6. 3 +5.6
+15.4
-2.3
+1.5 +12.0
0.0 -1.8

2, 260, 908
2, 264, 660

2, 427, 452
2, 457, 812

-6.6
+7.4
+8.5

1, 221, 882

1, 281, 284

+4.9

140, 516
163, 037
147, 584

139, 259
162, 545
151, 144

136, 167
143, 148
161, 387 3 168, 500
163, 089
186, 860

140, 427
164, 798

135, 662
137, 670
167, 515

130, 539
132, 332
163, 935

-1.9
+7.6
-2.2 +24.5

142, 690
161, 824
153, 865

136, 564
160, 031
161, 063

137, 259
146, 411
162, 740 3 168,821
139, 720
172, 603

141,042
167, 135
169, 577

142, 641
139, 051
145,088

133, 636
132, 127
124, 681

-3.7 +5.5
-1.0 +26.5
-1.8 +36.0

1,902
150, 778

1,206
149, 935

1,413
143, 524

1, 393, 637 1, 543, 600 +10.8
1, 385, 234 1,714,020 ! +23.7
+12.7
< 1,450, 729 < 1,635, 520
1, 396, 627
1, 384, 985
1, 326, 160

-10.5 -57.4
20, 796
-3.6 +25. 5 i 1,264,515
< Ten months' cumulative, ending Oct. 31.

1,403
159, 509

1,256
153, 709

1,784
124, 529

2,947
122, 486

1, 542, 694
1, 712, 824
1, 681, 180
18,419 i
1,575,558 '

+10.5
+23.7
+26.7
-11.4
+24.6

33

TREND OF BUSINESS MOVEMENTS—Continued

1936
The cumulatives shown are through
November except where otherwise
.noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1925

Nov.,
July

August

September ,

16, 524
12. 963
152, 295
31,811
3.50

19, 098
15, 624
165, 229
36, 316
3.50

18, 026
14, 684
170, 543
36, 863
3.50

606
108

587
135

11,638
9,578
91

13, 288
12, 625
94

1926,

Nov.,
1926,
from
Nov.,
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per ct.
increase
(
or1?
decrease
(-)
cumulative
1926
from
1925

October

November

October

November

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

13, 592
12, 571

17, 418
21, 563
131, 236
34, 635
3.70

-7.1 -22.0
-15.9 -41.7

3.50

20, 446
21, 423
144, 333
33, 261
3.70

805
135

920
187

737
174

977
157

668
126

-19.9 +10. 3
-7.0 +38.1

7,512
1,479

7,534
1,550

+0.3
+4.8

12, 682
12, 096
101

11, 719
12, 814
105

11, 091
12, 386

13, 496
12, 654
107

11, 691
12, 172
99

-5.1
+1.8

133, 592
130, 712

132, 713
131, 058

-0.7
+0. 3

-12.0
-3.9
-15.9
85
-23.8
-7.1
-9.6
+10.3

+4.9 87, 115, 166 94, 332, 362
+10.6 2, 085, 554 2, 322, 406
-4.8 2, 092, 579 2,282,339
-11.9
-32.2
+8.1 1, 977, 477 2,196,422
+7.1 2, 089, 971 2, 311, 752
+31.1

+8.3+11.4
+9.1

+5.6
-19.4

-11.4
+3.7

+2.0
-2.0

+9.3
-3.6

from
Oct.,
1926

1935

1926

PAPER AND FEINTING— Continued
Newsprint Paper— Continued
Stocks, end of month:
At millsUnited States
short tons..
Canada
.
short tons
At publishers
, _ short tons _
In transit to publishers.
..short tons..
Price, roll, f. o. b. mill. .
dolls, per 100 Ibs

3

0.0

-5.4

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

Box Board
Operation
inch hours 8,468,983 8, 733, 579 9, 097, 544 9, 443, 534 8, 313, 302 8, 438, 784 7, 923, 058
Production
tons
204, 848 222, 245 225, 103 222, 286 213, 700
204,492 193, 140
Orders received..
_. _
tons
195, 142
215, 790 207, 230 215, 102 220, 817 185, 775
207, 178
Operation .
per ct. of capacity
106.9
95.6
100.9
106.1
99.3
95.8
87.5
Unfilled orders, end of month
_
tons
91,912
121, 970
101, 981 103, 304
109, 245 100, 765
70, 055
Consumption of waste paper
tons
182, 176
196, 896
190, 779
196, 250 216, 017 206, 593 211,854
Shipments
tons
193, 847
213, 019
203, 257 220, 790 223, 581 229, 671 207, 582
Stocks, end of month
tons
52, 940
46, 054
44,541
56,401
59, 915
58, 383
57, 303
Stocks of waste paper, end of month:
On hand.. ..
•
tons
139, 478 147, 276
168, 505 166, 289
142, 813 192, 635 116, 329
In transit and unshipped purchases. _ tons. . 60, 391
46, 928
56, 685
60, 347
48, 911
48, 647
70,311

-5.4
-3.3

+11.1
+10. 6

Other Paper
Book paper, total:
Production
short tons.. 100, 607
Stocks, end of month _
short tons
64, 524
Coated book paper:
Production
per ct. of normal
83
Shipments... per ct. of normal production..
84
Orders _
per ct. of normal production
81
Unfilled orders, end of month
days..
6
Uncoated book paper:
Production
per ct. of normal.
88
Shiprnents___per ct. of normal production..
87
Orders . per ct. of normal production
91
Unfilled orders, end of month
days..
13
Wrapping paper:
Production
84,142
Stocks end of month _ _
short tons
67, 642
Fine paper:
Production
.short tons
36, 489
Stocks end of month
short tons
52, 104
All other grades:
Production
short tons
98, 006
Stocks end of month
short tons
81, 963
Total paper (inc. newsprint and boxboard) :
Production
short tons 3 664, 608
Stocks end of month
short tons
339,158

108, 656
67, 750

110,829
67, 073

113,046
62, 378

115,307
61, 130

111,036
64, 705

105,484
63,411

87
81
89
9

90
89
85
9

92
94
85
8

89
88
79
7

77
80
77
7

80
82
75
6

94
91
92
13

96
95
88
12

99
100
99
13

94
93
94
11

94
93
89
11

3
3

1,228,567

+4.4

-3.3 +11.3
-6.4 +7.3
-7.1 +5.3
-12.5 +16.7

95,384
3 67, 914

92, 125
67, 170

99, 916
86, 495

88, 356
81, 037

-3.4 +4.3
-1.1 -17.1

997, 134

985, 505

-1.2

37, 756
51, 609

38, 113
52, 959

41, 235
49, 923

37, 045
50, 259

+0.9
+2.6

+2.9
+5.4

410, 663

423, 461

+3.1

97, 525 3 103, 174 3 109, 903
77, 675 3 75, 215 3 68, 908

105, 511
67, 789

107, 891
61, 551

96, 041
61, 126

-4.0
-1.6

+9.9
+10.9

1, 105, 991

1, 137, 222

+2.8

92, 546
66, 211
36, 488
53, 528

3
3

3

1, 176, 864

696, 719
241, 565

90, 432
64, 404
36, 751
53,843

3
3

702, 456
338, 516

721, 523
318, 382

704, 553
321, 023

700, 232
329, 174

650, 605
317, 792

-2.4
+0.8

+8.3
+1.0

7, 169, 846

7, 640, 741

+6.6

3, 859, 675
3, 018, 422
847, 193

4, 498, 700
3, 570, 347
928,353

+16.6
+18.3
+9.6

Paperboard Shipping Boxes
Production:
Total.
Corrugated
Solid
fiber
Operating activity:
Total
Corrugated
Solid
fiber

.thous. of sq. ft_.
thous. of sq. ft
thous. of sq. ft..
per cent of normal
per cent of normal
per cent of nromal

403, 386
316,039
87, 347

441, 593
348, 835
92, 758

441, 372
354, 798
86, 574

476, 543
386, 104
90,439

431, 378
353, 307
78, 071

422, 548
341, 384
81, 164

409, 411
332, 112
77, 299

-9.5
-8.5
-13.7

+5.4
+6.4
+1.0

77
78
75

82
83
79

81
83
76

87
89
81

80
82
72

88
90
81

86
88
80

-8.0
-7.9
-11.1

-7.0
-6.8
-10.0

Other Paper Products
Rope paper sacks, shipments.. .index number..
Abrasive paper and cloth:
Domestic sales
_ .reams
Foreign sales
reams..
Labels orders
per ct of capacity

127

138

137

133

123

138

101

-7.5

+21.8

77, 756
12, 277
101.9

94, 911
10, 549
74.1

93, 804
10, 896
65.4

89, 802
13, 123
68.9

72, 748
15, 903

102, 058
14, 034
84.6

76, 877
14,836
67.8

-19.0
+21.2

-5.4
+7.2

971, 071
132, 185

955, 321
148, 294

-1.6
+12.2

Rental advertisements:
M inneapolis , M inn
number . _
3,793
Portland, Oreg. . .
. .number.
1,143
Real estate conveyances (41 cities)
number.. 160, 732

8,932
1,348
151,418

8,169
1,421
146, 717

7,273
1,456
158, 217

4,738
1,172
144, 942

7,079
1,429
165, 375

5,136
1,336
149, 204

-7.7
-34.9
-19.5 -12.3
-8.4 -2.9

58, 113
13, 599
1, 684, 008

58, 541
14, 337
1, 704, 734

+0.7
+5.4
+1.2

196
196

194
193

192
192

192
192

194
195

195
196

BUILDING CONSTRUCTION AND
HOUSING

Building Costs (Index Numbers)
Building materials:
Frame house, 6-room, 1st of month
Brick house, 6-room, 1st of month
s Revised.




197
197

0.0
0.0

-1.5
-2.0

34

TREND OF BUSINESS MOVEMENTS—Continued

1926
The cumulatives shown are through
November except
where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (-)

1935

Per ct.
increase

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEM-

or<•#
de-

BER 30

crease
July

August

Septem-

ber

October

November

October

November

Nov.,
1926,
from

Oct.,
1926

Nov.,
1926,

from

Nov.,
1925

(-)

1925

cumulative

1926

1926

from

1925

BUILDING CONSTRUCTION AND
HOUSING— Continued
Building Costs— Continued
Concrete factory costs (Aberthaw), 1st of following month
_
Building costs (Engineering News Record),
1st of following month
Construction index:
Frame
index number
Brick, wood frame
_ index number..
Brick , steel frame
index number . .
Reinforced concrete
index number. _

198

197

197

197

197

194

194

0.0

+1.5

208

208

210

211

211

206

206

0.0

+2.4

203
213
197
200

203
213
198
200

203
213
197
200

204
213
198
201

204
213
198
200

201
210
199
201

204
212
199
201

0.0
0.0
0.0
-0.5

0.0
+0.5
-0.5
-0.5

Building Contracts and Losses
Contracts awarded (36 States):
Commercial buildings
thous. of sq. ft_.
Industrial buildings
thous. of sq. ft_.
Residential buildings
thous. of sq. ft_.
Educational buildings
thous. of sq. ft..
Other public and semipublic buildings .
thous. of sq. ft..
Grand total
thous. of sq. ft..
-Contracts awarded, value (36 States) :
Commercial buildings
thous. of dolls
Industrial buildings
thous. of dolls..
Residential buildings
thous. of dolls
Educational buildings
thous. of dolls..
Other public and semipublic buildings
thous. of dolls..
Public works and utilities.. thous. of dolls..
Grand total
thous. of dolls..
Contracts awarded, Canada
thous. of dolls..
Fire losses:
United States and Canada.. thous. of dolls..

i

10,704
9,209
34, 999
5,876

12, 438
6,918
39, 829
5,196

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

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

9,616
6,613
41, 691
4,562

12, 228
7,231
52, 238
3,937

11, 421
7,758
50, 309
3,157

-13.7 -15.8
0.0 -14.8
-0.3 -17.1

+34.0

+44.5

137, 674
62, 274
492, 231
55,294

131, 640
72, 849
461, 895
49, 396

-4.4
+17.0
-6.2
-10.7

4,901
66,004

7,207
72, 220

6,303
71, 897

5,768
69, 316

5,181
68,049

5,418
82, 577

4,070
77,871

-10.2 +27.3
-1.8 -12.6

65,413
824, 602

60, 561
781, 404

-7.4
-5.2

65,347
59,703
177, 646
40,874

78,236
64,049
213, 624
40,906

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

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

56, 403
64,552
223,305
33, 535

55, 912
63,316
262, 726
28,192

61, 336
53, 309
240, 280
22,048

79
80
+41.1 +21.1
71
+2.0
+45.3 +52.1

767, 903
433,409
2, 421, 927
381, 559

792,468
603,967
2, 379, 844
345,148

+39.47

48, 374
109,436
501, 380
33, 865

58, 153
119,078
574,046
31, 696

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

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

46,782
49, 122
473, 700
34, 972

43, 376
66,007
519, 528
29,648

30,675
57, 035
464, 683
46,973

-6.1 +52.5
-51.1 -13.9
-5.1 +1.9
-19.4 -25.5

512,757
793,318
5, 311, 372
285,298

516,806
944, 656
5,582,887
359, 221

+0.8
+19.0
+5.1

31,723

27,833

19, 309

14, 877

26, 724

23,991

30, 320

+79.6

-11.9

330, 226

349, 252

+5.8

441, 419
423,026
484,840
427,430
496,022 469, 155
457, 297
426, 171
494,812
431, 254
362, 275
511, 706
1,045,688 1,065,538 1, 199, 328 1, 152, 743
48,932
60, 232
49, 122
47, 531
8,102
9,343
5
48.27
43.02
43.54
47.41

-3.2
-6.8
-16.0
+1.9
-3.2

+1.0
-9.2
-26.8
-7.6
-21.1
+40.0 +99.1
-1.2 -10.9

5,231,201
5,209,946
5,274,862

4,937,419
5,085,884
5, Oil, 788

-5.6
-2.4
-5.0

640, 506
144,372

522,886
19,729

-18.4
-86.3

584, 180 -10.7 -13.8
526,881 -11.6 -13.1
621, 782
+0.2 -17.6
38,683 +153. 8 +64.9
25, 678 +71.3 +118.2
—5.4 -1.6
16.50

6,001,164
6, 128, 295
6, 165, 001
530,062
297, 235

5,902,234
5, 952, 815
6,035,631
647, 325
509,322

-1.6
-2.9
-2.1
+22.1
+71.4

+3.2

-9.5

+25.9

LUMBER PRODUCTS
Softwood Lumber
Southern pine:
Production (computed)
M ft. b. m._ 449, 794
446, 163
448, 293
467, 317
Shipments (computed)
M ft. b. m__ 471,819
458,749
Orders (computed)
..M ft. b. m
499,991
445, 502
460, 685
Stocks, end of mo. (computed). M ft. b. m_. 1, 070, 179 1,055,408 1, 052, 000
Exports, lumber
..M ft. b. m
41,951
46, 141
44, 790
85
117
71
Exports, timber
M ft. b. m__
42.89
Price,
flooring
dolls per M ft. b. m _
43.17
42.88
Douglas fir:
Production
.
M ft. b. m__ 491,965
525,091
515,690
526,434
Shipments (computed)
M ft. b, m__ 508,975
512, 556
New orders
M ft. b. m . 532,253 481, 221
528, 224
44, 531
53, 822
Exports, lumber
M ft. b. m_.
67,380
36,065
58,747
50,983
16.55
Price, No. Icommon.dolls. per M ft. b. m_.
16.97
16.49
Price, flooring, 1 x 4, "B" and
38.50
better, V. G.<*
M ft. b. m._
39.27
38.23
California redwood:
Production (computed)
M ft. b. m..
30, 762
35, 749
47, 448
Shipments (computed)
M ft. b. m_.
37, 702
49, 418
33, 639
Orders received (computed). _.M ft. b. m..
34, 135
45, 978
33, 516
California white pine:
Production
M ft. b. m.. 154,409
160, 740
171, 168
Shipments
M ft. b. m . 123, 414
126, 708
127, 671
Stocks, end of month
M ft. b. m.. 606,335
659, 098
679, 154
Western pine:
Production (computed)
M ft. b. m.. 175, 363
175, 005
157, 977
186, 740
Shipments (computed)
M ft. b. m_. 172, 648
175, 618
Stocks, end of mo. (computed). M ft. b. m.. 1, 180, 321 1, 165, 752 1, 154, 950
North Carolina pine:
Production (computed)
M ft. b. m..
46, 347
48,888
48, 524
Shipments (computed)
M ft. b. m_.
49,490
47,670
47,033
Northern pine:
Lumber45, 528
Production
M ft. b. m..
40, 859
51, 549
49,890
56,490
Shipments
.
M ft. b. m
48, 323
50,389
46,204
Orders received
M ft. b. m..
46,783
Lath15,944
Production ._
M ft. b. m__
10,029
13, 127
16,942
9,846
13, 422
Shipments
M ft. b. m..
Northern hemlock:
21, 582
19,905
Production
M ft. b. m..
23, 219
22, 109
21, 738
23, 027
Shipments
M ft. b. m..

564,036
517,928
511,661
25, 137
32, 708
17.16

503, 603
457,943
512, 556
63,801
56,042
16.23

600,295
600,743
549,264
61,457
34,014
16.50

37.91

37.41

41.45

40.59

-1.3

-7.8

40, 463
39, 742
49,886

49,906
47, 116
46, 259

44,089
36,641
38,328

36, 897
38, 216
37, 103

+23.3

+35.3
+23.3
+24.7

472, 712
427, 194
415, 864

477, 057
445, 936
476, 439

+0.9
+4.4
+14.6

138, 768
109, 915
659, 171

100,885
91, 472
674, 249

164, 357
145, 665
659, 855

118, 200
111, 359
644,318

-27.3 -14.6
16 8
17 9
+2.3 +4.6

1,320,520
1, 177, 957

1, 403, 380
1, 273, 692

+6.3
+8.1

146, 362
3 153, 716
175, 843
128,166
3162,282
140,480
114,009
132,068
31,150,089 1, 145, 444 1, 071, 835 1, 102, 368

-16.6 -12.4
-18.6 +15.8
-0.4 +3.9

1, 696, 689
1, 535, 540

1,643,487
1, 671, 141

-3.1
+8.8

4 547, 323
* 519, 519

M94,844
* 494, 179

-9.6
4.9

53,711
54,019

62, 538
51, 352

58,240
51,100

+18.6
-7.3

52, 296
50, 396
41, 460

25,649
39, 452
24,677

38,491
55, 485
49,856

15, 286
43,908
36, 018

-51.0 +67.8
-21.7 -10.1
-40.5 -31.5

523, 591
506, 331
456, 725

460, 551
500, 039
467, 774

-12.0
-1.2
+2.4

13,050
9,796

5,729
4,342

9,284
9,881

4,118
6,735

-56.1 +39.1
-55.7 -35.5

136,065
109, 716

119, 952
124, 147

-11.8
+13.2

28,500
21, 622

21, 198
18, 070

4 206, 168
4 182, 642

4 180, 623
4 197, 925

-12.4
+8.4

3,243
3,066
20, 858

2,979
3,813
20, 024

41,729
37,493

,30,162
36, 140

-27.7
-3.6

15, 024
19,500

Hardwood Lumber
Walnut lumber:
Production
Shipments
Stocks, end of month
3

Revised.




2,134
2,610
2,640
2,320
... .M ft. b. m
3,022
3,057
2,806
M ft. b. m._
3,688
13,930
15,463
15,046
M ft. b. m__
12,503
4 Ten months' cumulative, ending Oct. 31.

2,378
3,310
11,591

+2.5 -20.2
-10.2 -13.2
-7.3 -42.1

* See table on p. 16 of November, 1926, issue for earlier data,

35

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1925

Nov.,

July

August

September

October

November

October

November

from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

1926,

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH NOVEMBER 30

1925

1926

Per ct.
increase

(

-y

or decrease
(-)
cumu
lative
1926
from
1925

LUMBER PRODUCTS-Continued
Hardwood Lumber— Continued
Walnut logs:
Purchased
M ft. log measure
Made into lumber and
veneer _
M ft. log measure
Stocks, end of month... M ft. log measure..
All hardwoods:
Production (computed)
M ft. b. m__
Shipments (computed)
M ft. b. m._
Orders (computed) __
M ft. b. m
Total stocksTotal hardwoods..
M ft. b. m
Gum
M ft. b. m_.
Oak
M ft. b. m..
Unsold stocksTotal hardwoods..
M ft. b. m
Gum
M ft. b. m_.
Oak
M ft. b. m__
Unfilled ordersTotal hardwoods
M ft. b. m..
Gum...
. .
. M ft. b. m
Oak
M ft. b. m..

2,399

2,361

1,991

1,833

2,273

1,842

2,121

+24.0

+7.2

33,068

27,667

2,168
3,193

2,439
3,093

2,619
2,237

2,143
1,941

2,335
1,754

2,378
3,930

2,361
4,000

+9.0
-9.6

-1.1
-56.1

32, 855

26,896

-16.3
-18.1

94,000
91,000
92,000

94,000
97,000
93,000

94,000
93,000
105, 000

93,000
101, 000
100, 000

90,000
91,000
92,000

73,000
93,000
98,000

65,000
96,000
107,000

-3.2 +38.5
-9.9 -5.2
-8.0 -14.0

819, 196
232, 729
269, 228

824, 661
223,865
273,426

893, 104
222,502
301,830

884, 608
224,008
301, 135

897,818
231, 160
308, 099

783,401
226, 808
243,417

788,180
225, 087
249, 340 j

+1.5 +13.9
+3.2 +2.7
+2.3 +23.6

641, 713
166, 894
210,390

642, 551
165, Oil
215,312

685,439
163, 108
230, 752

673, 856
164,309
227,982

690, 785
168,703
235,911

619, 997
170,786
193, 980

613, 814
168, 829
195, 297

+2.5 +12.5
+2.7 -0.1
+3.5 +20.8

206, 584
73, 191
67, 198

207, 768
70, 279
63,942

233, 189
69,822
76, 661

242, 254
73, 184
82, 185

239,059
76,790
79, 739

188,400
67, 143
55, 712

207, 561
72,354
61, 572

-1.3 +15.2
+4.9 +6.1
-3.0 +29.5
-5.9
-8.1 29,022,182 27, 359, 592
+35.6 +10.3 1,738,874 1, 774, 483

-5.7
+2.0

Total Lumber
Production, 10 species
M ft. b. m..2,443,684 2,413,655 2,491,833 2, 420, 000 2,276,849 2,835,311 2,476,262
170, 376
148,858
Exports, planks, joists, etc
M ft. b. m.. 142,895 156,875 163, 301 121, 116 164,263
Retail yards, Minneapolis district:
3 21, 859 3 17, 751
20, 664
14,800
16,483
Sales
M ft. b. m__ 20, 611
20,268
94,830
98, 345
Stocks, end of month
M ft. b. m.. 109,909 109,822 102, 183
88,796 3 104, 849
Composite lumber prices:
40.93
40.54
41.15
41.67
39.95
Hardwoods
dolls, per M ft. b. m
39.95
40.96
30.28
30.35
30.59
29.93
29.90
29.98
Softwoods
dolls, per M ft. b. m
30.21

-28.4
-6.4

-16.6
-9.7

+0.5
-1.0

-1.2
-2.0

Flooring
Maple flooring:
12, 152
10, 720
11, 616
9,084
Production
M ft. b. m__
12,034
8,329
11,316
+4.6 +33.8
11, 961
9,439
13, 911
9,765
7,445 -18.4
+31.2
Shipments
M ft. b. m
13, 194
10,414
31, 314
Stocks, end of month
M ft. b. m
33, 619
23,728
25,072
31, 546
31, 131
+7.4 +34.1
28,557
7,115
6,171
6,340 -13.3
Orders booked
M ft. b. m__
11, 155
7,916
-2.7
8,963
9,720
8,580
8,219
9,987
7,829 -14.3
7,350
Unfilled orders, end of month. _M ft. b. m__
8,753
9,606
-6.1
Oakfflooring:
45, 056
40,029
47, 201
49,498
41, 947 -11.2
Production
__
_
M ft. b. m
44,789
46, 396
-4.6
42,859
34, 501
49, 686
-12.2
Shipments
M ft. b. m.. 46, 259
47,756
47,270
39,276 -19.5
55,273
39, 921
54, 325
60, 145
43,204
Stocks, end of month
M ft. b. m
53, 469
+8.8 +39.2
56, 450
37, 767
33,827
40,097
41,594
Orders booked
M ft. b. m__ 47,545
41, 777
-10.4 -18.7
49,756
35, 578
43, 329
32, 603
44,793
50,565
Unfilled orders, end of month. _M ft. b. m__ 39,260
39, 237
8.4 -35.5
Wooden Furniture
Household furniture and case goods:
63,560
60,852
Shipments
dolls., average per firm.. 40,331
54,218
55, 681
63,266
r
72,215
74,240
73,625
"Unfilled orders
dolls., average per firm.. 68, 891
78,590
73,449
Grand Rapids district:
31
Shipments
No. of days' production
29
31
33
32
26
33
32
New orders
No. of days' production
27
34
42
34
Unfilled orders, end of
62
68
65
68
month
No. of days' production
72
68
Outstanding accounts, end of
61
month.
.. No. of days' sales
55
60
59
55
46
13.5
7.5
9.0
Cancellations
per cent of new orders..
7.0
10.5
5.0
102
100
100
97
100
101
Piano benches and stools:
16,891
New orders
dollars..
10, 101
15,524
13, 557
18,003
15,944
8,231
-19.7 -15.0
8,649
Unfilled orders, end of month
dollars..
2,511
3,408
6,651
7,042
6,663
6,851
-23.0 -2.7
ShipmentsValue
dollars..
14,716
9,017
12,061
15,533
17,559
16,121
7,604
+5.6 -3.6
18,709
Quantity
pieces..
11, 875
16,600
20,474
20,963
19,474
+9.4 +5.1
9,979
Plywood and Veneer
Plywood:
3,882
4,121
Bookings
thous. of sq. ft. of surface..
3,824
5,512
4,933
3,696
3,786
Shipments
thous. of sq. ft. of surface4,832
3,456
3,893
5,214
3,406
Unfilled orders, end of
4,807
month . .
.thous. of sq. ft. of surface
4,708
4,672
4,437
7,518
7,657
Rotary-cut veneer:
Purchases
number of carloads
220
111
248
231
227
+108.1
184
172
214
Receipts..
_ ..number of carloads
172
251
+16.3
Barrel Headings
Circled headings for wooden barrels:
Production (rough)
sets.. 997, 792 1,213,395 1,403,392 862, 800 752, 557
304, 274 -12.8 +147. 3
233, 600
Shipments (finished)
sets. . 814,754 916,242 895, 528 965,924 697, 679
835, 810
680, 200 -27.8
+2.6
Sales (finished)
sets . 847,249 653, 905 1, 293, 273 1, 159, 314 534, 616
617, 514
383, 603 -53.9 +39.4
Unfilled orders, end of month..
sets.. 1,832,283 1, 711, 747 2, 184, 084 2,753,279 2, 577, 303 1, 388, 971 1, 298, 810
-6.4 +98.4
Stocks on hand, end of month
sets.. 2, 578, 671 3,070,079 3,545,455 2, 993, 355 3,069,088 2,730,882 2, 151, 515
+2.5 +42.6
STONE, CLAY, AND GLASS
PRODUCTS
Clay Products
Face brick, averages per plant:
Production
thousands. _
716
859
855
-4.9 +4.8
793
753
823
683
722
542
Shipments
thousands
861
504 -37.0
651
823
780
+7.5
2,132
2,084
2,104
Stocks, end of month
thousands
2,040
2,011
+1.0 +22.8
1,693
1,713
741
Unfilled orders, end of month. .thousands..
979
1,147
985
863
903
835 -14.1 -11.3
3 Revised.
«Ten months' cumulative, ending Oct. 31.



196,374

175,781

-10.5

95, 947
94,276

108,084
108,642

+12.6
+15.2

91,568

93,368

+2.0

475,793
472,084

495,564
472,575

461,922

447,736

+4.2
+0.1
-3.1

« 447, 703

« 507, 229

+13.3

133,837

126,165

-5.7

129,974
158,865

119,704
148, 186

-7.9
-6.7

8,081
7,509

8,051
7,669

-0.4
+2.1

36

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
November except where otherwise^
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, "Survey"

1926

1925

Nov.,
July

August

September

October

218, 348
58, 652
140, 623
234, 164
5
17.00

249, 271
59, 103
135, 090
211, 141
4
17.00

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

27,611
37, 443
101, 243
41,761
392
78, 947

30,481
34, 803
92, 479
34, 266
1,261
77, 149

25, 385
31,330
82, 220
24,663
128
70, 350

CUMULATIVE TOTAL
FROM JANUARY 1
THEOUGH NOVEMBEE 30

PEE CENT INCREASE (+) OE
DECEEASE (— )

1926,

November

October

November

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

12.25

306, 588
86, 184
172, 542
262, 534
18
14. 75

279, 188
64, 090
144, 127
239, 636
21
14.75

23, 224
26, 852
70, 857
20, 712
255
62, 474

18, 516
20, 711
63, 207
12,874
2,999
51, 606

28,935
28,482
99, 567
19,021
3, 262
51, 161

23, 611
17, 869
101, 915
17, 746
364
50, 669

-20.3
-22.9
-10.8
.-37. 8

53

74

60

-13.1

413, 612
214, 759
619, 628
541, 655

225, 287
250, 803
371, 753
388, 643

from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

Per ct.
increase
(
or"tf
decrease
(-)
cumulative
1926
from
1925-

1925

1926

1,620, 377

1,387, 779

-14.4

312, 214
244, 562

257, 299
251, 716

-17.6
+2.9

261,479

264, 624

+1.2

4 43, 479
4 43, 647
4 15, 710

* 54, 107
4 50, 928
4 18, 995

+24.4
+16.7
+20.9

STONE, CLAY, AND GLASS
PRODUCTS— Continued
Clay Products— Continued
Common brick:
Stocks, end of monthBurned
thousands..
Unburned
thousands..
Shipments
.thousands _ _
Unfilled orders, end of month.. thousands..
Plants closed down
number. _
Price, red, New York
dolls, per thous..
Paving brick:
Production actual
- - thousands _.
Shipments
thousands..
Stocks end of month
thousands. .
Orders received
- _ thousands. _
Cancellations
thousands __
Unfilled orders, end of month.. thousands..
Operations, relation to capacity
percent..
Sand lime brick: *
Production
thousands _ _
Shipments by rail
thousands. .
Shipments by trucks
..thousands..
Stocks end of month
.
thousands. _
Unfilled orders, end of month.. thousands. .
Vitreous china plumbing fixtures:
Orders received
pieces..
Shipments
pieces. _
Unfilled orders, end" of month
pieces..
Stocks, end of month
piecesFloor and wall tile:
Production
- -thous. of sq. ft..
Shipments, quantity
thous. of sq. ft..
Shipments value
thous. of dolls..
Stocks, end of month
thous. of sq. ft—
Architectural terra cotta, bookings:
Quantity
net tons..
Value
thous. of dolls..

71

78

66

61

20, 819
5,649
10, 996
7,613
18, 526

17,435
7,690
9,870
8,770
24, 200

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

15, 218
4,804
11, 242
8,313
18, 225

278, 771
280, 956
491, 629
525, 044

381, 277
276, 215
580, 306
515, 565

242, 589
295, 886
527, 009
488, 023

3 159, 190
3 265, 424
3 420, 775
3 514, 217

5,716
5,401
2,048
8,725

5,708
5,885
2,196
8,473

5,304
5,625
2,069
8,258

5,807
5,242
1,987
8,386

17, 613
2,165

12, 734
1,491

3 11, 520
1,247

3 15, 151
1,579

17, 096
18, 786
17,210

16, 936
18, 536
15, 718

16, 571
18,087
14, 195

1.65
1.75

1.65
1.75

4

-21.0

-16.9

-21.6
+15.9
-38.0
-27.5
-723. 9
-17.4 +1.8
-11.7

301,821 +159. 8 +37.0
201, 192 -19.1 +6.7
472,382. +47.3 +31.2
443, 594
+5.3 +22.1

5,313
5,470
2,029
6,606

5,139
5,013
1,761
6,703

10, 697
1,221

12, 341
1,607

13, 864
1,696

-29.4
-22.7

-22.8
-28.0

153, 286
18, 434

149, 261
18, 105

-2.6
-1.8

16, 596
17, 486
« 13, 334

14, 193
11, 290
16, 237

15, 992
15, 309
10,979

13, 656
10, 187
14, 534

-14.5
-35.4
+21.8

+3.9
+10.8
+11.7

150, 489
149, 807

153, 065
155, 243

+1.7
+3.6

1.65
1.65

1.65
1.65

1.65
1.65

1.70
1.75

1.65
1.75

0.0
0.0

0.0
-5.7

13, 249
6,594

8,378
3,736

7,528
4,224

5,595
3,231

6,135
3,711

3,488
1,718

-25.7
-23.5

+60.4
+88.1

98, 924
61,447

100,506
57,616

+1.6
-6.2

19, 275
890
11, 147

15,222
668
11,309

21,948
1,090
11, 607

29, 768
1,128
10,478

12, 255
535
12, 187

31, 822
1,188
11,935

+35.6
+3.5
-9.7

-6.5
-5.1
-12.2

200, 359
9,255
135,265

198, 216
8,493
120, 627

-1.1
-8.2
-10.8

10, 748

11, 274

11,431

11, 186

9,705

10, 714

9,889

-13.2

-1.9

107, 717

121,514

+12.8

gross
per cent..
..gross..
gross..
gross
gross..

2,016
71.0
1,935
2,117
5,138
7,232

2,038
71.7
1,642
2,022
5,145
7,640

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

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

2,143
72.3
2,553
1,693
5,822
8,714

2,206
77.6
2,510
1,962
4,669
7,301

2,012
79.7
2.543
1,648
5,064
8,378

-7.7
-9.3
+5.4
—14.5
+7.7
+9.5

+6.5
-9.3
+0.4
+2.7
+15.0
+4.0

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

1,494
25.0
36.3
34.5

2,050
29.8
42.8
36.9

3,193
47.0
43.7
46.3

4,841
51.0
50.6
51.9

2,571
46.1
47.3
47.3

1.8
3.8

1.9
3.5

1.4
3.4

2.1
2.5

2.1
6.5

6,955

8,586

+23.5

1,071,790
234, 114

841, 326
274,305

-21.5
+17.2

+7.3 2,966,466 3,147,236
-18. C 3,304,017 3,317,228
+15.2
1926, issue for earlier data.

+6.1
+0.4

Portland Cement
Production
thous. of bbls..
Shipments
thous. of bbls..
Stocks, end of month
thous. of bbls..
Wholesale price:
Chicago district
dolls, per bbl_.
Lehigh Valley
-- dolls, per bbl__
Highways

Concrete paving contracts awarded:
10, 856
Total
-.
..thous. of sq. yds_.
Koads
thous. of sq. yds. . 5,663
Federal aid highways:
Completed —
Cost
- thous. of dolls.. 13, 520
605
Distance
miles..
11,100
Under construction, end of month. __ miles..
Plate Glass
Production polished

-

thous. of sq. ft..

Glass Containers
Actual production:
Quantity
Relation to capacity
Orders and contracts
Shipments
Stocks end of month
Unfilled orders, end of month"

CHEMICALS AND OILS
Chemicals
Sulphuric acid:
383
591
384
408 +127.3
260
1,154
598
Exports
thous. of lbs__
.70
.75
0.0
.75
.70
.75
.75
.75
Price wholesale, 66°, N. Y.dolls. per 100 Ibs..
48,
587
51,448
73, 892
+8.3
55, 325
37, 096
47,503
Nitrate of soda, imports...
long tons.. 23,367
17,455
34,411
19, 646 +21.4
27, 522 28, 341
23,355
Potash, imports
long tons.. 25,287
Acid phosphate:
271, 486 3 257, 965
+3.5
Production
short tons.. 232, 394 240, 185 227, 112 3267,475 276, 898
92, 782
182, 524 3 113, 143 -36.2
Consumption
. .
short tons.. 85, 115 104, 645 276, 584 3 145, 333
Stocks, end of month
short tons.. 1, 147, 998 1,280,187 1, 233, 428 31,352,440 1,518,483 1,147,900 31,317,618 +12.3
* See table on p. 15 of the December,
4 Ten months' cumulative, ending Oct. 31.
a Revised.




+44.9
+7.1
-30.4
+75.2

37

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (-)

1935

1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per ct.
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

July

August

September

October

November

October

November

Nov.,
1926,
from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

1925

1926

22, 978
88, 622

45,479
113, 785

155, 921
97, 701

119, 165
73, 384

79. 693
73, 993

117, 572
87, 568

56, 248
65, 260

-33.1
+0.8

+41.7
+13.4

4, 965, 619
1, 020, 962

4,990,018
1, 025, 735

+0.5
+0.5

217
2,743

558
2,449

136
1,883

162
2,220

209
2,672

334
1,718

306
1,840

-1-29.0
+20.4

-31.7
+45.2

3,475
22, 797

2,420
23, 708

-30.4
+4.0

206
167
155
114
165

206
163
155
113
157

209
155
155
114
154

215
148
156
114
136

211
143
156
114
134

195
191
158
113
158

191
215
157
113
156

-1.9
-3.4
0.0
0.0
-1.5

+10.5
-33.5
-0.6
+0.9
-14.1

»

10, 606
13, 853
20, 171
1,909
3.25

11, 520
13, 432
18, 342
2,902
3.25

11, 143
10,413
16, 895
1,392
3.25

12, 703
14,368
15, 139
1,125
3.25

13, 324
12, 926
19,406
4,571
3.00

4 123, 842
U21,440

4 122, 188
4 118, 822

-1.3
-2.2

3.38

12,588
13, 899
18,040
426
2.75

497, 971
750, 816
987, 783
665, 854
880, 196
297, 202
19, 317
.56

555, 023
734, 432
722, 698
611, 402
714, 658
351, 409
43, 350
.70

572, 397
670, 578
582, 885
675, 671
820, 504
164, 363
38, 779
.76

648, 522
649, 172
507, 282
620, 792
776, 430
151, 326
24, 977
.74

4 6, 258, 427
46,458,317

6, 180, 454
6,801,087

-1.2
+5.3

564, 092
725, 852
144, 136
29, 869
.75

337
33, 827

None.
33, 651

27, 685
31, 853

30, 222
30, 293

38, 884
18, 947

12,100
36, 606

CHEMICALS AND OILS— Continued
Chemicals— Continued
Fertilizer:
Consumption in Southern
States
. . .
.short tons .
Exports
long tons
Dyes and dyestuffs, exports:
Vegetable
thous. of lbs_.
Coal-tar
thous. of Ibs..
Price index
numbers:
Crude drugs
index number
Essential oils
index number
Drugs and pharmaceuticals.index number..
Chemicals
index number
Oils and fats
index number
Wood Chemicals
Acetate of lime:
Production
thous. of Ibs
Shipments or use
thous. of Ibs..
Stocks, end of month
thous. of Ibs..
Exports
thous. of Ibs..
Price, wholesale
dolls, percwt..
Methanol, crude:
Production
_
_ gallons
Shipments or use
gallons
Stocks, producers', end of month.. gallons. Purchased by refiner?..
gallons..
Consumed by refiners
gallons
Stocks at refineries, end of month. .gallons..
Exports.
...gallons.Price wholesale, N. Y
dolls, per gal..
CanadaConsumed.
gallons..
Stocks, end of month
gallons..
Methanol , refined:
United StatesProduced..
gallons..
Stocks, end of month, at
refineries
gallons..
CanadaProduced
gallons..
Stocks, end of month
gallons ._
Wood at chemical plants:
Consumption (carbonized)
.cords
Stocks, end of month
cords..
Daily capacity, wood-chemical plants:
Total in industry.
cordsReporting
cords
Shut down
cords..

3 613, 886 676, 987
3 845, 975 782, 441
1, 500, 328 1, 422, 961
681, 985 597, 836
907, 452 810, 607
1, 064, 365 858, 301
10, 643
19, 558
.58
.58
40, 895
33, 186

+4.0

+12.7

-9.1 -5.6
-6.5 -10.5
-4.8 -83.2
+19. 6 +180. 6
+1.4 +29.3

+28.7
-37.5

335, 093

408, 561

-5.1
-42.7

269, 821

-13.3

6, 366, 918

685, 201

560, 806

663, 251

585, 122

577, 718

673, 308

666, 641

585, 301

385, 765

344, 629

279, 781

235, 516

516, 437

498, 792

-15.8

-52.6

None.
58, 465

None.
42, 994

26,700
44, 303

29, 200
40, 631

37,500
43, 964

11,500
32, 443

39,200
40, 846

+28.4
+8.2

-4.3
+7.6

59, 021
451, 006

63,343
449, 203

62, 579
437, 555

67, 145
423, 212

3
66, 336
3 603, 632

72, 088
575, 805

4,535
4,230
1,230

4,535
4,230
830

4,459
4,051
678

4,459
4,051
678

33 4, 659
4, 388
1,095

4,615
4,308
841

17, 225
14, 267
7,335

16,977
14,390
8,914

20, 776
17, 338
10, 863

21, 541
21, 624
7,411

21, 235
20, 680
6,636

34,663
34, 973
34,909
16,070

38,023
37, 174
37,021
16, 894

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

40, 670
40, 951
39,311
16, 857

33,049
33, 414
32, 594
16, 309

31, 638
33, 127
31, 181
14, 958

43,122

40,632

34,918

32,216

25, 885

26,367

18, 001

-19.7

+43.8

44, 762
49, 798
9,126

58, 929
64, 171
11, 471

57, 601
62, 281
12, 180

57,370
63,736
13, 069

63,650
70, 788
12,685

48, 404
58, 749
14, 637

45,046
57, 650
21, 765

+10.9
+11.1
-2.9

+41.3
+22.8
-41.7

-1.3

6, 554, 801
8, 496, 343

+21.9

259, 280
4 669, 545

< 672, 385

+0.4

4 345, 283
44 347, 554
333, 846

4359,043
4 360, 647
4 335, 509

+4.0
+3.8
+0.5

271, 715

274, 204

+0.9

990, 273

974, 264

-1.6

227, 191

258, 505

+13.8

Ethyl Alcohol
Production
thous of gals
Withdrawn for denaturation
thous. of gals..
Warehouse stocks,end of month.thous. of gals..
Expfosives
(Black powder, permissibles, and other high
explosives)
Production
Shipments
Sales. _
...
Stocks, end of month

4

thous. of Ibs..
thous. of Ibs..
thous. of Ibs
thous. of lbs_.

Naval Stores

Turpentine:
Net receipts, southern ports
barrels..
Stocks, end of month—
At three ports
barrels..
At five ports
barrels..
At stills
barrels..
Price, southern, in barrels,
New York. ..
dolls, per gal
Rosin:
Net receipts, southern ports
barrels..
Stocks, end of month—
At three ports
_. _. .barrels
• At five ports
barrels
At stills
_
barrels..
Price, common to good (B),
New York
dolls, per bbl_.

.88

.95

.92

.90

.89

1.13

1.16

-1.1

-23.3

143, 415

138, 124

118, 868

114, 120

107, 801

100, 264

77, 491

-5.5

+39.1

132, 649
144,325
61, 997

131,636
143, 500
61, 892

148,177
158,039
69,387

158,210
166, 703
74, 445

184, 405
203, 744
90, 163

181, 613
202, 425
112, 915

196, 939
221, 273
121, 659

+16.6
+22.2
+21.1

-6.4
-7.9
-25.9

13.35

14.61

14.43

13.86

13.08

15.88

15.94

-5.6

-17.9

25,003
4.051

23, 547
3.636

26, 938
3.236

Roofing

Roofing felt:
Production, dry felt
Stocks, end of month, dry felt




tons
tons..
3 Revised.

27,636
22,013
23, 946
19,043 -20.3
3.426
3.246
2.556
3.488
-5.3
4 Ten months' cumulative, ending Oc t. 31.

+15.6
-6.9

38

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

July

August

Septem- October November
ber

PEE CENT INCREASE (+) OB
DECREASE (— )

1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Perct.
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

Nov.,
1926,
from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

1925

1926

+98.5
+33.0

-44.6
+12.7

59,106
594,437

36,858
622,249

-37. 8
+4.7

26,275

4 186, 418

* 195, 221

2,320
10,612
24,974

+9.3

* 19, 337
4 70, 291
208, 952

* 19, 282
4 77, 189
216,978

+4,7
-0.&
+9.8
+3.&

1,367,395

+21.0

+1.5

3111,965
3 235, 252

+25.1
+4.2

+17.0
+25.9

1,286,825

1,481,007

+15. 1

21,953
11,177

15,858
6,613

-27.8
-40.8

October November

CHEMICALS AND OILS— Continued
Fats and Oils
Total vegetable oils:
904
8,183
2,688
541
801
Exports
thous. of Ibs...
5,336
52,179
55,095
Imports .
thous. of Ibs..
74,001 55,971
67,086
50,449
Animal glues, sales: •
6,222
6,073
6,447
7,130
Total glue
thous. of lbs._
2,462
2,388
2,789
Bone glue .
..
. thous. of Ibs...
2,406
3,612
4,341
3,833
4,041
Hide glue
thous. of Ibs..
Oleomargarine:
16,635
25,947
20,232
21,766
Production
thous. of Ibs.. 16,445
Ingredients consumed in production2,641
2,091
1,405
1,775
1,373
Cottonseed oil
thous. of Ibs..
10,206
8,895
8,127
8,138
6,190
Coconut oil
thous. of lbs~
17,294
25, 612
21,766
20,172
Consumption
. thous. of lbs_. 14,704
23,800
Cottonseed
70,667
Cottonseed stocks, end of month
tons.. 23, 576
577,981 1,146,792 1,387,387 1, 272, 981
Cottonseed oil:
92,315
8,406
10,045
131, 034
104,778
58, 158
Stocks, end of month
thous. of Ibs..
19,641
234, 566
284, 229
136, 470
296, 197
Production
thous. of Ibs.. 13, 856
Price, yellow, prune,
.15
.13
.10
.09
.11
New York
dolls, per lb..
.08
Flaiseed
Minneapolis and Duluth:
§,515
2,189
478
6,144
1,029
Receipts
. thous. of bushs..
2,811
362
2,593
1,644
907
370
1,671
Shipments . . . .
thous. of bushs..
3,302
976
579
3,569
3,102
846
Stocks, end of month
.thous. of bushs..
Linseed oil:
11,904
17, 769
11, 669
14,153
Shipments from Minneapolis. thous. of Ibs.. 10,282
8,725
.12
.12
.13
.11
Price,/ New York
dolls, per lb..
.11
.11
Linseed-oil cake: Shipments from
12,632
33, 958
21, 799
23, 808
30, 436
Minneapolis
.
thous. of lbs_ . 9,210
FOODSTUFFS
Wheat
Production, monthly estimate:
Winter
._ thous. of bushs
626,482
626,000
626, 000
626,000
626,000
Spring . .
... ..thous. of bushs.. 212, 719 212, 109 213,336 213,336 213.336
Visible supply, end of month:
81,780
66, 739
49,651
77,714
United States
..thous. of bushs.. 31,959
78,412
30,474
83,719
44,754
19,437
76,239
Canada
thous. of bushs.
119, 790
37, 137
48, 731
71, 593
36,045
Receipts, principal markets... thous. of bushs.. 76,960
29,754
24,427
24, 625
34,458
24, 508
Shipments, principal markets.thous. of bushs.. 29,013
23,422
Exports:
United States— .
17, 589
23,700
4,354
28,995
Wheat only
thous. of bushs.. 16,083
14,280
8,910
30, 719
Including wheat flour .thous. of bushs.. 19, 652
35,485
23,821
20,277
Canada—
10, 575
9,541
41,896
30, 573
Wheat only
. thous. of bushs.. 16,306
43,947
1.39
1.53
1.55
1.39
1.44
No. 1, northern, Chicago.. dolls, per bush..
1.42
1.36
1.64
1.44
1.37
1.40
No. 2, red winter, Chicago.dolls. per bush..
1.38
Wheat Flour
Grindings of wheat:
49,799
48, 557
49,316
47,654
United States (census)
thous. of bushs.. 43,942
10,029
7,323
5,523
10, 181
4,694
Canada
thous of bushs
Production:
United States, actual
10,728
10,843
9,570
10,477
10,642
(census)
thous of bushs
United States, prorated
13,165
12,681
11, 189
13, 029
12, 338
(Russell)
thous. of bbls
2,308
1,634
1,228
2,231
1,044
Canada
thous. oif bbls..
907,390
Production, grain offal
thous. of Ibs.. 868,231 820, 795 844, 773 831,780
67
62
61
57
63
Capacity operated flour mills
per cent
Consumption, wholesale,
12,655
10,
921
9,237
11,
444
10,
257
(computed)
thous. of bbls..
Stocks, all positions, end of
7,900
8,500
8,300
8,700
7,660
month (computed)
thous of bbls
Exports:
1,012
1,385
1,442
1,344
1,560
793
United States
thous. of bbls. .
1,022
459
1,262
978
963
612
Canada
thous. of bbls..
Wholesale prices:
Standard patents, Minne8.26
7.74
7.95
7.94
8.C8
7.73
apolis
dolls, per bbl
Winter straights, Kansas
7.41
6.64
6.74
6.94
6.68
6.81
City
dolls, per bbl_.
Corn
Production, monthly estimate, thous. of bushs. .2,576,936 2, 697, 872 2, 679, 988 2,693,963 2, 693, 963
1,292
2,208
1,158
1,494
1,052
1,358
Exports, including meal
thous. of bushs..
2,209
32,219
18,999
24,637
22, 455
Visible supply, end month thous. of bushs.. 26,821
12,881
22,847
13, 524
11, 482
28,393
Receipts, principal markets.. -thous. of bushs.. 13,748
8,693
8,288
12, 563
11,001
7,267
Shipments, prin. markets
thous. of bushs.. 10, 724
7,037
6,735
5,924
7,057
6,311
6,222
Grindings (starch, glucose) thous. of bushs..
Prices, contract grades, No. 2,
.83
.81
.71
..80
.78
.80
Chicago
dolls, per bush..
• See table on page 17 of the
i Final estimate for 1925,
/ See table on page 26 of the
3 Revised.
4 Ten months' cumulative, ending Oct. 31



9, 635
59,634

-4.7

.10

-11.1 -20.0

3,522
3,554
2,488

-54.2 -20.2
+1.6 -53.0
+15.1 +43.4

14,676
.13

-25.2
.00

-40.5
-15.4

150, 599

123,933

-17.7

35, 190

-21.8

-32.3

258,833

178, 236

-31. 1

49,774
103, 584
34, 127
22,324

+0.9 +57.5
+43.1 +15.6
-19.9 -12.8
-4.1 +4.9

325,023
232,739

367,836
215,465

+13.0-7.4

4,696
8,621

-18.8 +204.1
-14.9 +135. 2

88,706
127,435

128,506
176,703

+44.9"
+38. 7

34,840

+43.7

+26.2

165,337

205,150

+24.1

1.61
1.71

-3.5
-1.4

-13.7
-19.3

4429,490
4 65, 986

* 409, 569
* 68, 040

-4.6+3.1

1
401, 734
1

274, 695

42,416
9,499

4

9,128

85, 714

488,911

+3.7

10, 869
2,127
769,373
56

4 103, 548
« 14, 700
* 6, 902, 250

« 105, 317
« 15, 161
4
7, 232, 343

+1.7
+3.1
+4. a

10, 101

< 93, 061

494,217

+1.2

10, 112
9,275

10,722
9,572

7,800
872
1,210

-3.0
+31.0

+54.1
+4.3

8.54

-2.5

-9.4

7.61

-4.3

-12.7

+47.8
+30.8
-19.5
+14.2
-16.1

+82.5

10,040

+23.8
+63.3
-8.8

194,463
123,002
63,775

-9.0

-15.5

12,916,961
1,210
3,077
18, 456
7,692
6,497
.84

September, 1926, issue for earlier data.
November, 1926, issue for earlier data.

+6.0*
+3.2

3,187 +130. 9*

214, 638
113,131
70, 995

+16. <>
-8.0
+11.$

39
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (-)

1925

1926

Septem- October
ber

November

Nov.,
1926,
from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

November

October

FOODSTUFFS— Continued
Oats
Production, monthly estimate -thous. of bushs.. 1,311,159 1, 263, 619 , 282, 414 1,282,414 , 282, 414
Eeceipts, principal
markets
thous. of bushs
9,241
11, 309
23,078
14,333
16,783
Visible supply, end month
thous. of bushs.. 34, 489
49, 732
42, 529
50,194
50,063
Exports, including meal
thous. of bushs..
1,762
951
1,468
1,028
860
Prices, contract grades,
Chicago
dolls, per bush
.42
.45
.47
.40
.43
Qrindings, Canada
thous. of bushs
841
800
1,099
1,036
Production, oatmeal and rolled
oats, Canada
thous. of lbs_. 11, 224
11,309
14,068
14,893

18,918
69,216
4,744

14,094
68,584
2,443

-21.1 -19.8
-2.7 -27.0
+10.6 -61.1

.40
1,197

.40
1,257

-4.3 +12.5

17, 782

17,704

July

Other Grains
Barley:
Production, monthly est— thous. of bush__ 191,088
Receipts, principal
markets
.
-thous. of bush__
1,466
Visible supply, end mo... -thous. of bush_.
2,299
Exports
thous. of bush
1,386
Price fair to good, malting,
Chicago
dolls per bush
.72
Rye:
Production, monthly est.. thous. of bushs. _ 41,900
Receipts, principal
markets .
__thous. of bushs—
802
Visible supply, end mo
thous. of bushs—
8,659
Exports, including flour... thous. of bushs..
2,195
Price No 2, Chicago
dolls per bush
1.04
Total Grains
Total grain exports, incl. flour.thous. of bushs.. 26, 059
;^~Bice
Southern paddy, receipts at mills
bbls__ 74,634
Shipments:
H Total from mills
pockets (100 Ibs.)— 278, 871
&" New Orleans
pockets (100 Ibs.).. 34, 528
Stocks, end of month
pockets (100 Ibs )
767,627
Exports
pockets (100 Ibs.)
40,464
Imports .
pockets (lOOlbs.).- 88, 159
Other Crops
Apples:
Cold-storage holdings,
end of month. .
thous. of bbls..
Car-lot shiprrjp.nt

Potatoes, car-lot shipments
Onions, car-lot shipments
Citrus fruits, car-lot shipments
Hay, receipts

cftr^Oft^S

August

1925

1926

218, 567

151, 982

34,837

17, 926

Per ct.
increase
( }
or tdecrease
(-)
cumulative
1926
from
1925

1,487,550

-30.5
-48.5

«7,813

< 8, 575

< 99, 219

4114,241

+9.8
+15.1

61,835

38,952

-37.0

27,619

12,203

-55.8

l 216, 554

195,204

196, 762

196, 762

196, 762

5,150
3,581
1,523

6,953
5,008
2,663

4,445
4,823
939

3,668
4,902
1,080

6,445
5,642
3,043

4,791
6,705
2,493

-17.5
+1.6
+15.0

.65

.67

.71

.71

.74

.72

0.0

41,900

41,900

41,870

41,870

2,007
9,325
318
1.01

3,900
11,052
2,130
.97

2,688
12,594
137
1.01

2,254
12, 751
162
.96

3,304
9,290
127
.84

2,598
10,533
62
.86

—16.1
+1.2
+18.2
-5.0

-13.2
+21.1
+161.3
-11.6

27,622

19, 152

-30.7

28,804

11,422

-60.3

39,512

38,326

27, 251

24, 678

18, 116

14,829

-9.4

+66.4

234, 368

241,441

+3.0

259,953 1, 147, 507 1, 681, 130 1, 252, 887

925,254 1,130,866

-25.fi

+10.8

4, 263, 302

6,542,904

+53.6

310,412
717, 070 1,034,736 1 077 146
307,692
259, 205
142, 589
132,495
715, 632 1 217 603 1, 879, 502 2,196,817
241, 678
50,504
101, 707
64,290
30, 372
43,002
25, 957
68, 739

834,604
842,366
172, 564
186, 218
751,680 1, 090, 571
41, 666
28, 248
23,586
18,568

+4.1
+18.7
+16.9
+137. 6
+17.0

+29.1
+78.3
+101.4
+480. 0
+28.8

5,692,171
1, 403, 118

6,733,230
1, 623, 127

+18.3
+15.7

584, 865
608,510

779, 808
1,131,898

+33.3
+86.0

9,398 +47.7
19, 478 -46.8
15,980 -47.0
2,968 -45.9
9,229 +H8. 0
-0.8
84,068

+11.7
+14.1
+15.8
-4.0
+6.8
-17.3

103, 184
223,893
27,887
78,236
785, 790

116, 471
213,488
29,730
84,558
728, 184

+12.0
-4.6
+6.6
+8.1
-7.3

-7.0 +7.8
-15.1 +9.3
-17.7 +16.6
-2.2 +7.6

22,012
8,603
3,490
13,214

22,028
8,664
3,408
13, 213

-6.2 +13.5

4,979,977
< 4, 614, 220
24,534

5,673,046
4, 769, 383
23, 372

+0.1
+0.7
-2.3
0.0
+13.9
+3.4
-4.6

35, 862
13, 693
812
22, 142

-9.3
-6.5
+78.5
-11.1

6, 549, 727
5, 068, 680

0.0
-2.5

1,339,504
636,286

+1.3
+3.0

-23.4
-26.9
-56.7

-1.4

146,456

61
3,665

8?
3,131
14,775
2,596
4,533
49, 157

1,204
19, 272
21,846
3,640
3,614
58, 240

7,107
41,745
34,920
5,265
4,521
70,100

10,497
22,200
18, 510
2,850
9,855
69, 539

7,489
41, 324
32,545
5,157
2,639
76,687

1,821
658

1,997
776
252
1,171

2,397
1,100
521
1,290

2,674
1,310
693
1,356

2,461
l,i A 2
570
1,326

2,789
1,348
717
1,450

2,282
1,017
489
1,232

461, 661
465, 917
2,168

540,945
536,285
2,805

545,988
531,354
1,984

512,357

2,190

569, 094
563, 086
2,273

451,396
424, 809
1,749

41, 697

46, 250

61, 198

86,104

47,481

73, 564

+40.7 +17.0

8.98
.160
.170

10.19
.163
.170

9.89
.170
.162

9.39
.170
.145

11.91
.185
.160

10.58
.178
.143

-5.1 -il.2
0.0 -4.5
+1.4
-10.5

2,804
1,084
51
1,711

2,819
1,142
84
1,673

3,261
1,334
129
1,933

3,554
1,314
126
2,222

3,390
1,323
45
2,081

3,844
1,524
61
2,300

+9.0 -7.5
-1.5 -13.8
-2.3 +106. 6
+15.0
-3.4

563, 719
498,315
87,944

475, 867
537,320
93,835

479, 917
546,807
76,906

568,835

606, 706
541,736
76,418

+18.5

72, 914

563, 747
592,235
81, 321

-5.2

-4.6

774,319

619,909

477,978

435, 916

429, 861

418,737

-8.8

+4.1

623,086

514,351

405, 623

389,090

392, 605

385,027

-4.1

+1.1

114, 803
54,273

97, 466
61,577

92,967
46,988

106,269
43,488

104,288
44, 745

106,206
39, 979

+14.2
-7.4

+0.1
+8.7

151,233

105, 558

72,355

46,826

37, 256

33,710

-35.3

+38.9

11.85
.329
.156

12.38
.320
.150

12.97
.303
.142

carloads
19,914
_ .carloads ..
1,569
carloads. . 5,982
tons
57,6i4

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Cattle and Calves
Cattle movement, primary markets:
Receipts
._ ..
thousands..
ShjpTnQpts, tntftl

thousands

Shipments, stocker and feeder— thousands..
198
Local slaughter.
_
thousands. . 1,168
Beef products:
Inspected slaughter product.-thous. of Ibs.. 447,515
Apparent consumption
thous. of Ibs
495, 007
Exports
". thous. of Ibs..
2,501
Cold-storage holdings,
end of rnoTith
thous of Ibs
46,048
Prices, Chicago:
Cattle, corn-fed
dolls, per 100 Ibs
9.42
Beef, fresh native steers
dolls, per lb_.
.160
Beef, steer rounds, No. 2
dolls, per Ib
.162
Hogs and Pork
Hog movements, primary markets:
Receipts
thousands..
2,854
Shipments, total.
.
thousands
989
Shipments, stocker and feeder., thousands _.
49
Local slaughter
thousands..
1,873
Pork products, total:
Inspected slaughter product..thous. of Ibs.. 616, 289
Apparent consumption
thous of Ibs
470, 705
Exports
thous of Ibs
72,557
Cold-storage holdings, total,
end of month
thous of Ibs
796,245
Fresh and cured in storage,
end of month
thous of Ibs
642, 673
Lard (included in pork products) :
Production
thous. of Ibs
133, 702
Exports
thous. of Ibs.. 45,879
Cold-storage holdings,
end of month
thous of Ibs
153, 572
Prices:
Hogs, heavy, Chicago dolls, per 100 Ibs.
12.98
Hams, smoked, Chicago
dolls, per Ib.
.351
Lard, nrimp, rontrant. N. Y__ dolls, oer Ib
.165
1
Final estimate for 1925.




+10.4

+25.2

11.69
.283
.164

11.32
.282
.162

39, 549
14,648
455
24,889

-6.2 •6,548,727

* 5, 191, 795

-6.8 +6.8
-3.3 +3.9
-9.9 -21.0
* Ten months' cumulative, ending Oct. 31.
12.09
.293
.128

4

1,322,725
617, 969

4

40
TREND OF BUSINESS MOVEMENTS—Continued
1926
Thefcumulatives shown are through
November except where otherwise
noted. Earlier data for ifems shown
- here may be found on pages 22 to 151
of the August, 1926, "Survey"

PEE CENT INCREASE (+) OE
DECEEASE (— )

1935

Nov.,
August

September

October

November

October

November

1,739
828
260
912

2,277
1,176
567
1,058

3,279
2,124
1,081
1,147

3,090
2,099
1,150
999

1,917
988
493
932

3,198
2,287
1,392
945

1,712
927
475
793

37, 935
37, 786

40, 260
40, 134

45, 485
45, 470

43, 892
43, 825

39, 737

41, 701
42, 287

1,813

1,928

2,234

2,814

3,165

5.88
14.26

5.87
13.95

5.77
13.78

5.81
13.28

5.77
12.70

57,053

58, 557

56, 135

52, 590

53,866

1926,

from
Oct.,
1926

Nov.,
1926,
from
Nor.,
1925

CUMULATIVE TOTAL
FEOM JANUAEY 1
THEOUGH NOVEMBEB 30

Per ct.
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

1935

1936

-37.0 +12.0
-52.9 +6.6
-57.1 +3.8
-6.7 +17.5

20,492
10, 940
4,113
9,560

22, 163
11, 671
4,388
10, 452

+8.2
+6.7
+6.7
+9.3

34,049
34, 524

-9.5 +16.7

4 427, 850
395, 767

4 455, 414
415, 718

+6.4
+5.0

1,435

1,549

+12.5 +104. 3

6.41
14.81

6.79
15.25

-0.7
-4.4

-15.0
-16.7

44,954

50, 415

+2.4

+6.8

Production, inspected slaughter.. thous. of Ibs.. 1, 101, 739 1, 065, 640 1, 062, 297 1, 069, 797 1, 120, 929 1,174,542 1, 092, 151
486,475 510, 555
Cold-storage holdings, end mo
thous. of Ibs.. 747,587 725, 269 618,970 522, 225 532, 225
1, 197, 608, 1, 001, 069
Apparent consumption
thous. of Ibs.. 1, 003, 498 1,004,366 1,119,076 1, 121, 986

+4.8
+1.9

+2.6 11, 856, 554 12, 221, 045
+4.2
410,201,782 19,252,642

+88.7

July

FOODSTUFFS-Continued
L
Sheep and Lambs
Sheep movement, primary markets:
Receipts
thousands
Shipments, total .
thousands..
Shipments, stocker and feeder—thousands. .
Local slaughter
,
thousands
Lamb and mutton:
Inspected slaughter product- -thous. of lbs._
Apparent consumption
thous. of lbs_.
Cold-storage holdings,
end of month
thous. of lbs,_
Prices:
Sheep, ewes, Chicago
dolls, per 100 lbs_.
Sheep, lambs, Chicago— .dolls, per 100 Ibs..
Miscellaneous Meats
Cold-storage holdings, end mo.. .thous. of Ibs..
Total Meats
+3.1

Poultry
thous. of Ibs..

20, 974

23, 164

24, 579

31, 105

69,991

27, 507

62, 272 +125.0

+12.4

thous. of lbs_.

35, 793

38, 634

44, 771

64,842

106, 993

53, 787

86, 733

+65.0

+23.4

Total catch, prin, fishing ports.. -thous. of lbs_.
Cold-storage holdings, 15th of mo.thous. of lbs_.
Canned salmon:
Shipments, United States
cases
Exports, Canada
cases

29,564
45, 606

32,043
57, 627

24, 414
64, 657

23,762
70,309

19,924
74,525

21, 186
58,358

15, 174
61,849

-16.2
+6.0

840, 065 1, 237, 767
100, 321 130, 796

836,374
245, 660

245,883

1, 100, 958
216,615

503, 149
201,646

Receipts at five markets
Cold-storage holdings,
end of month

252, 412

285, 219

+31.3
+20.5

229,410

250,546

+9.2

+0.1 +21.9

45,163,127
1, 363, 457

5, 170, 240
1, 123, 014

0.0
-17.7

535, 799

536, 880

+0.2

4 1,674, 025

1,631, 546

-2.5

207, 837
4 409, 081

191, 903
4 463, 421

-7.7
+13.3

56,091
8,811
138, 283

68, 385
3,546
121, 023

+21.9
-59. 3
-12.5

+13.0

Fish

581,072
22, 708

Butter
Receipts, 5 markets
Cold-storage holdings, creamery,
end of month
_
Apparent consumption
.
Wholesale price, 5 markets

thous. of Ibs. _

68, 393

50, 476

44, 761

38, 166

34, 180

43, 468

35, 455

-10.6

-3.6

thous. of Ibs. _
thous. of Ibs
dolls, per lb_.

131, 152
178, 825
.403

138, 151
181, 506
.422

125, 342
173, 808
.446

100, 871
167, 692
.462

64,377

94, 916
167, 629
.554

74,754
142, 082
.511

-36.2

-13.9

+6.7

-3.5

thous. of Ibs..
thous. of Ibs. .
thous. of lbs_.
thous of Ibs
thous. of lbs_.
thous. of lbs_.

21, 972
36,060
90, 053
5,087
309
20, 681

20,735
36,542
98, 473
6,520
254
19, 903

18, 231
43, 705
95, 385
7,449
323
19, 343

19, 252
45, 423
89, 785
9,722
252
23, 449

21,029
49, 980
90. 866
6,819
353
25,748

17, 059
40, 143
84, 561
6,848
345
17,469

-17.1

-6.5

81,008
11, 102
341
18, 601

-9.8
+14.2
+35.3
-20.7

-4.2
+62.1
-1.2
+6.5

thous. of Ibs. _
dolls, per lb._

73, 681
.212

81,297
.218

77,646
.231

72, 491
.246

63, 896
.245

71, 913
.252

66, 495
.254

-11.9
-0.4

-3.9
-3.5

1,385
9,845

1,083
9,573

932
8,048

699
5,888

581
3,215

709
6,322

433
3,786

-16.9
-45.4

+34.2
-15.1

14, 851

14, 850

0.0

34, 106
21, 478

27, 945
18,427

34, 792
6,370

29, 685
4,619

26,711
8,203
3,001
5.76

23,010
7,858
2,521
5.85

2,939
5.85

28, 489
3,210
4,552
5.98

24, 181
2,308
3,316
6.03

+16.3
0.0

-11.4
-3.0

38, 503

35,249

-8.5

.493

Cheese
Total, all varieties:
Receipts, 5 markets
Apparent consumption
Cold-storage holdings
Imports
Exports, United States
Exports, Canada
American whole milk:
Cold-storage holdings
Wholesale price, 5 markets

15, 954

Eggs
Receipts, 5 markets
Cold-storage holdings

_.

thous. of cases.
thous. of cases

Milk
Condensed milk:
Manufacturers' total stocks —
37,285
Case goods
thous. of Ibs
40, 821
Bulk goods
thous. of Ibs
23, 310
23, 136
Manufacturers' unsold stocks—
32, 545
Case goods
thous. of Ibs
31, 931
9,138
9,148
Bulk goods
thous. of Ibs
3,537
2,139
Exports
_
thous. of Ibs..
5.87
5.75
Wholesale price, New York. dolls, per case..
Evaporated milk:
Manufacturers' total stocks,
case goods
thous. of Ibs.. 181, 287 177, 323
Manufacturers' unsold stocks,
138, 475 132, 531
case goods
thous. of Ibs.
5,623
Exports. _.
thous. of Ibs .
5,657
4.33
4.36
Wholesale price, New York. dolls, per case..
Powdered milk:
Sales, less resales o_
thous. of Ibs !
5,837
5,363
14, 941
Manufactured total stocks. ..thous. of Ibs. . 14,599
209
Exports
..thous. of Ibs. .
196
Fluid milk:
Receipts18, 027
Boston (includ. cream)... thous. of qts_. 19, 869
2,773
2,851
Greater New York
thous. of cans
Production—
25, 229
21, 771
Minneapolis, St. Paul
thous of Ibs
Consumption in manufacture of
4.690
4.651
oleomargarine
.thous. of Ibs. _
4
Ten months' cumulative, ending Oct. 31.




151, 687

128, 235

144, 324

131, 251

115,700
5,191
4.45

104, 385
4,657
4.41

6,115
4.42

108, 185
5,771
4.50

103,700
4,654
4.49

+31.3
+0.2

+31.4
-1.6

99,484

69, 341

-30.3

5,031
14, 146
289

5,249

4,426

3,870
6,371
376

+14.4

48, 453

57, 678

+18.9

213

4,523
7,396
201

-15.7

in

+24.6

-43. 4

3,313

2,400

-27.6

17, 570
2,681

17, 758
2,712

16, 277
2,587

15, 649
2,496

4 166, 585
4 26, 043

4 175, 548
4 26, 681

+5.4
+2.4

19, 417

20, 255

6.504
7,483
4 54, 671
7,077
o See table on p. 19 of the November, 1926, issue for earlier data.

4 57. 020

+4.3

19,070
5,991

41

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

1936

July

PER CENT INCREASE (+) OR
DECREASE (— )

1935

August

September

October

November

October

November

Nov.,
1926,
from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

58, 206
313, 841
453, 226
341, 803

56, 798
323, 105
448,043
287, 655

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

27, 273
352, 569
347, 156
277, 687

20,940
240, 030
385, 647
94, 511

21,307
220, 123
262, 894
92, 709

-47.0
+17.6
-26.3
+25.0

+28.0
+60.2
+32.1
+199. 5

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

1935

1926

Per ct.
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

FOODSTUFFS— Continued
Sugar
Raw:
Imports—
From Hawaii and Porto
Rico
.-long tons_. 83, 537
From foreign countries
long tons.. 284, 411
Meltings, 8 ports .
long tons
465, 144
Stocks at refineries, end mo
long tons.. 425, 902
Receipts, domestic, at New
Orleans
long tons
854
Refined:
Exports, including maple.
long tons.. 11, 692
Prices:
Wholesale, 96° centrifugal,
N. Y
dolls, perlb..
.042
Wholesale, granulated, N.Y.. dolls, per lb._
.056
Retail, granulated, N. Y
dolls, per lb_.
.061
Retail average, 51 cities
index number...
126
Cuban ^movement:
Receipts at Cuban ports
long tons _ 163,014
Exports
_ long tons.. 300, 955
Stocks, end of month
long tons 1, 195, 658

1,085,148 1, 132, 803
3, 765, 583 3,907,573
4, 763, 766 4, 903, 181

+4.4
+2.9

564

228

157

17, 722

835

25,248

-29.8

31,838

51, 025

+60.3

7,095

5,464

4,213

2,419

21, 614

19, 131

-42.6

-87.4

328, 013

89,881

+3.8

.042
.055
.062
127

.044
.056
.062
127

.046
.057
.064
129

.047
.058
.064
129

.039
.050
.059
124

.040
.051
.058
120

+2.2
+1.6
0.0
0.0

+17.5
+13.7
+10.3
+7.5

164, 744
445, 900
935,416

186, 580
473, 190
603,469

197,350
434,253
390,989

169,202
343, 124
225, 592

125,012
281,210
460, 709

88, 119
262, 855
292, 119

-8.0
-14.3
-20. 9 +30.5
-42.3 -22.8

4,861,404 4,549,017
4,614,219 4,460,577

-6.4
-3.3

-24.5

+4.6

1,154,616 1,356,361

+17.5

Coffee
Imports
Visible supply:
World
United States
Receipts, total, Brazil
Clearances:
Total, Brazil, for world
Total, Brazil, for U. S

116, 702

122, 922

105, 163

159, 567

120,518

111,920

115,225

thous. of bags..
thous. of bags..
thous. of bags..

4,560
691
1,072

4,738
832
1,117

4,663
912
1,053

4,601
899
1,108

4,564
888
1,215

5,082
583
1,262

5,035
789
1,144

-0.8 -9.4
-1.2 +12.5
+9.7 +6.2

10, 624

11, 127

+4.7

thous. of bags..
thous. of bags..

1,217
653

1,289
684

1,240
694

1.363
780

1,269
721

1,536
680

1,269
758

-6.9
-7.6

0.0
-4.9

12,068
6.346

12, 709
6,781

+5.3
+6.9

Tea
Imports
Stocks, United Kingdom,*
end of month

thous. oflbs..

" 9,025

10,056

12, 148

11,057

10, 737

-2.9

-3.0

90, 778

86,372

-t>.9

thous. of Ibs.. 148,207

156,850

175,012

186,861

+9.5
-1.4
-8.9 +12.7

6,027
73, 709

6,124
83,055

+1.6
+12.7

+2.6

381, 570

381, 858

+0.1

-7.5 -3.9
-6.4 +22.4
+6.9 +25.2

392,023
7,202
502, 809

428,393
8,720
657, 734

+9.3
+21.1
+30.8

« 18, 510
« 410, 358
4, 913
80,038
4
2, 027

4
4

23, 003
12, 427
5, 538
86,
289
4
2, 044

+24.3
+20.0
+12.7
+7.7
+0.8

5, 566, 473 5,150,532
6, 120, 432 6, 051, 425
964, 289
845, 162

-7.5
-1.8
+14.1

-9.6 +46.2 6, 220, 906 8, 682, 052
-10.3 -34.4 3,276,003 2, 317, 483
-4.8 +17.6 20, 256, 746 22, 354, 100

+39.6
-29.3
+10.4

thous. oflbs

13,088

11,067

181,683

189,080

711
6,925

598
6,517

38,061

30,342

52,784
488
98,657

51, 141
500
112,615

25.00

25.00
11,376,628

TOBACCO
Consumption (tax-paid withdrawals):
Large cigars
.millions..
569
594
664
600
655
Small cigarettes
._
..millions..
7,961
8,068
8,086
8,061
7,345
Manufactured tobacco
andsnuff
.thous. of Ibs. . 33,648
35, 809
36,224
34,731
30,955
Exports:
Unmanufactured leaf
thous. oflbs.. 29,760
38,319
26,263
53, 129
49, 136
Cigarettes
millions..
727
762
654
820
612
Sales of loose-leaf, warehouses
thous. oflbs..
582
34, 772 102, 691 131, 891 141,000
Price, wholesale, Burley good leaf,
dark red, Louisville
dolls, per 100 Ibs.
21.00
21.00
21.00
21.00
21.00
Production, crop estimate..
thous. oflbs.. 1,202,884 1, 306, 494 1, 293, 918 1,304,494 1, 323, 388
TRANSPORTATION

-10.9

0.0

-16.0

River and Canal Cargo Traffic
Panama Canal:
Total cargo trafficthous. of long tons..
2,186
2,322
2,240
2,375
2,009
2,023
In American vessels.. -thous. of long tons..
1,254
1,165
1,317
1,327
968
1,026
In British vessels
thous. of long tons..
565
573
517
556
626
522
Sault Ste. Marie Canals ..thous. of short tons.. 13, 608
13, 776
12, 789
12, 879
11, 637
8,170
8,410
New York State canals... thous. of short tons..
316
336
416
348
289
316
Suez Canal
thous. of metric tons. _
2,033
2,080
1,845
Welland Canal
short tons
787, 478 630, 169 717, 548 833, 591 579, 881
849,457 661, 935
St. Lawrence Canal
short tons
968, 976 798, 845 872, 597 923,051 682, 848
933, 423 693, 497
Mississippi River, Govt. barges short tons.. 88, 846 114, 352 110, 690 103, 960 105,000
67, 627
47,361
Ohio River, Pittsburgh, Pa., to
Wheeling, W. Va
short tons 1, 159, 138 1,078,041 927, 851 975, 225 881, 490
739, 635 603, 125
Allegheny River *_..A
short tons.. 273, 641 295,823 291, 111 274, 931 246, 446
346, 431 375, 958
Monongahela River
short tons.. 2,334,195 2,289,324 2, 317, 562 2,303,595 2, 192, 169 1, 966, 248 1, 863, 566
Ocean Traffic
Clearances, vessels in foreign trade:
Total
thous. of net tons..
American ....
. thous. of net tons.
Foreign
thous of net tons

8,424
3,149
5,275

7,892
2,567
5,325

7,657
2,554
5,103

7,940
2,908
5,033

7,701
3,063
4,638

6,572
2,991
3, 581

14,009
8,389

19, 423
13, 384

11,317
6,244

12, 414
9,648

23, 237
20, 934

17, 516
12, 210

254

275

281

273

-36.6

-2.8

-30.4 -12.4
-1.5
-26.0
+1.0 +121. 7

4

+35.8
+25.0
+44.0

64, 916
25, 944
38, 973

72,155
26, 166
45, 989

+11.2
+0.9
+18.0

9,844 +87.2 +136.1.
3,283 +117.0 +534.0

198,041
123, 480

191, 693
131, 277

-3.2
+6.3

5,671
2,451
3,220

-4.0
+5.3
-7.2

Shipbuilding
Completed during month:
Total
gross tons..
Steel seagoing
gross tons
Building or under contract, end of month:
Merchant vessels
thous. of gross tons..

170

186

Freight Cars
Surplus (daily av. last week of month) :
Total
_ ._ .cars.. 199, 073 161, 478
Box
cars.. 104, 796
88, 967
Coal
_
cars.. 56, 785
38, 967
i Final estimate for 1925.
* Ten months' cumulative,




114, 730
81, Oil
62,202
45, 148
27, 519
12, 106
ending Oct. 31.

144, 921
111, 619 136, 796 +78.9
98, 794
49, 502
58,463 +118.8
42,949
12, 521
43. 658
+3.4
h
See table on p. 26 of the November,

+5.9
+69.0
-71.7
1926, issue for earlier data,

42

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

1926

PER CENT INCREASE (+) OB
DECREASE (— )

1925

Nov.,
August

September

October

November

October

November

404
172
114

None.
None.
None.

542
403
100

1,945
460
1,360

579
25
516

2,957
153
495

357
104
200

5,245
280
134
939
335
365
1,274
1,919

4,418
228
117
810
282
310
1,061
1,609

4,552
202
147
848
282
301
1,065
1,708

6,006
266
201
1,197
361
339
1,384
2,259

4,272
181
138
990
263
127
1,046
1,524

5,537
232
212
997
352
247
1,355
2,142

4,094
195
140
799
265
131
1,037
1,526

428, 628
98,913
578,823
399,330
133,008
43,724

444, 142
92,648
589, 961
397, 860
145,492
44,328

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

450, 629
86,528
591,533
410,447
138,033
44,054

7,653
5,619
3,542

7,646
5,612
3,399

6,778
6,096
2,997

6,818
5,841
3,039

July

1926,

from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per ct.
in*
crease

or de^
crease
(-)
cumulative
1926
from
1925

1925

1926

47, 524
2,100
1,504
8,772
3,479
1,965
12,216
17,487

49,530
2,222
1,482
9,672
3,420
2,146
12,470
18, 117

+4.2
+5.8
-1.5
+10.3
-1.7
+9.2
+2.1
+3.6

402,411
81,095
532,827
384, 514
106, 943
40, 786

3,772,411
4
883, 246
5, 131, 626
3,810,269
4 836, 522
^377,490

3, 993, 718
4 876, 114
5,362,946
3, 906, 884
1,036,780
4 405, 181

+5.9
-0.8
+4.5
+2.5
+23.9
+7.3

6,052
5,492
2,742

4 67, 465
4 52, 236
* 29, 915

469,379
456,425
430,500

+2.8
+8.0
+1.9

1,604
2,626
784

2,193
2,829
1,143

+36.7
+7.7
+45.8

1,112

1,565

+40.7

687
126

1,205
160

+75.4
+27.0

263
36

154
46

-41.4
+27.8

325

236

-27.4

121,374
106,400
66,549

92,350
94,107
50,458

-23.9
-11.6
-24.2

73, 744
70,032

77,444
75,205

+5.0
+7.4

1,068

1,307

+22.4

TEANSPOETATION— Continued
Freight Cars— Continued
Shortage (daily av. last week of month):
Total
cars
Box. _. _ .
cars
Coal
_ _
cars..
Car loadings (monthly totals):
Total
thous. of cars. _
Grain and grain products... thous. of cars..
Livestock
thous. of cars..
Coal and coke
thous. of cars _
Forest products
thous. of cars..
Ore. .
.
thous. of cars
Merchandise and 1. c. 1 . thous. of cars..
Miscellaneous
thous. of cars..

-70.2 +62.2
-94.6 -76.0
-62.1 +158.0
-28.9
-32.0
-31.3
-17.3
-27.1
-62.5
-24.4
-32.5

+4.3
-7.2
-1.4
+23.9
-0.8
-3.1
+0.9
-0.1

Railroad Operations
Operating revenue:
Freight
thous. of dolls.. 408, 645
Passenger
thous. of dolls.. 97,787
Total operating .
thous. of dolls. 556, 515
Operating expenses . . . .thous. of dolls.. 395,294
Net operating income
thous. of dolls.. 116, 895
Freight carried _
mills, ton-miles.. 41,705
Pullman company operations:
Kevenue
thous. of dolls.
7,376
Expenses.
.
thous. of dolls. _
5,689
Passengers carried
thousands..
3,336

Railway Equipment
Locomotives (Am. Ry. Assn.):
Owned, end of month. ... ..number.. 63, 202
-0.2 —1.9
63, 107
63,869
63, 040
62, 829
64, 142
62, 672
Tractive power
mills, of lbs__
2,605
2,603
2,589
0.0 +0.8
2,610
2,611
2,611
2,595
In bad order, end mo
,. number..
8,718
9,031
8,889
8,654
10,725
+7.7 -13.1
10,230
9,320
Per cent of total in use.
per cent..
14.4
13.9
+7.9 -11.2
14.2
16.9
13.9
15.0
16.1
Installed during month
number .
152
171
224
112 +102. 3 +216. 1
175
354
150
Retired during month
..number..
247
394 +31.3 +29.9
237
278
390
512
266
84
14
Ordered from manufacturers
number..
31
30
101 +616. 7 +112. 9
199
215
Building in railroad shops,
end of month
...
number. .
67
32 -20.8 +78.1
123
100
72
57
33
Shipments (Census) —
Total
..
.number..
124
134
132
106 -15.2 +20.8
151
128
93
Domestic—
Steam
.number..
82
78
52 -12.1 +109. 6
109
124
47
109
Electric..
_ . .number..
16
8
20
13
0.0 +87.5
15
21
15
ForeignSteam
.number..
23
-75.0
-93.5
30
5
46
12
24
3
Electric..
_ .number..
7
0
7
0
1
1
Unfilled orders, end of month—
Tot al
.number _ _
498
555
525
585 +32.6 -11.6
390
530
517
Domestic—
Steam
.number .
455
445
386
435 +36.7 -10.1
286
391
386
Electric
number
26
24
46 +35.0 -41.3
36
20
40
27
Foreign-Steam
number
28
64 +18.3 +31.3
51
77
71
92
84
Electric
number
16
11
40 +15.4 —62.5
23
13
12
15
44
20
Exports, steam
number..
12
72.2 -86.8
38
18
5
56
Freight cars (Am. Ry. Assn.):
Owned, end of month
cars 2,348,508 2,349,100 2, 348, 933 2,345,392 2,342,000 2,359,124 2,353,454
-0.1 -0.5
Capacity
mills, of lbs_. 211,642 211,875 212,086 211,988
200,590
210, 922
In bad order, end mo
cars
165, 756
161,396
-1.5
-17.1
149, 078
165, 818
139,484
137,420
165,481
-1.6 -16.7
7.2
Per cent of total in use
pe* cent7.0
7.2
6.5
6.1
6.0
7.1
Installed during month
cars.. 10,904
10,292
7,704
4,299 -36.8 +23.2
8,380
5,097
5,297
Retired during month »
cars
9,386
9,716
8,064
9,948 -26.8 -12.1
11,944
8,744
9,616
Ordered from manufacturers
cars..
1,256
164
-5.5 -79.9
2,564
2,891
13, 598
2,732
5,556
Shipments by manufacturers —
Total
cars..
8,357
9,287
5,606
3,365 -54.2 -27.7
5,311
2,433
2,849
Domestic
. . . cars..
9,185
8,308
2,649 -45.9 -10.3
5,560
4,388
2,376
2,492
Building in railroad shops,
end of month
cars
6,003
7,123
+4.0 -35.2
6,233
5,350
4,438
4,616
7,189
Passenger cars:
1
68
Ordered from manufacturers
cars..
87 +571.9 +147. 1
131
32
215
134
Shipments by manufacturers —
Total
cars..
222
187
56 -26.4 +158.9
178
197
66
145
222
56 -42.1 +103.6
Domestic.
. cars.
187
163
197
114
66

790
748

2,042 +158.5
1,946 +160. 2

Passenger^Travel
National parks:
Visitors
number
455,204
Automobiles entered .
number
86, 779
Arrivals from abroad:
Immigrants..
_
. number
22,283
United States citizens. . .
.number. . 25,981
Departures abroad:
Emigrants. .
_
number
7,052
United States citizens .
number.
60,223
Passports issued
number
14.007
4 Ten months' cumulative, ending Oct. 31.




434, 603
77,004

212,387
50,383

55,543
16, 936

36, 524
2,462

37,083
3,865

29, 286
52,683

35,297
71,263

34,528
34, 176

28,685
35,413

26,642
23,118

4242,994
4 325, 460

4281,734
4 333, 554

+15.9
+2.5

7,376
42,248
9,936

6,634
26,268
8,747

5,377
18, 150
7,896

7,674
24,227
8.012

6, 555
18,039
7,776

466,294
4 305, 521
163,927

4
56, 839
4 330, 139
167, 602

-14.3
+8.1
+2.2

8,434

+6.8

+8.5

43

TREND OF BUSINESS MOVEMENTS—Continued
1926
The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

July

August

PEE CENT INCREASE (+) OE
DECREASE (— )

1925

September

October

November

October

November

Nov.,
1926,
from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

CUMULATIVE TOTAL
FEOM JANUARY 1
THROUGH NOVEMBER 30

1925

1926

Per ct.
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

PUBLIC UTILITIES
Telephone companies:
Operating revenues
thous. of dolls..
Operating income
thous. of dolls..
Telegraph companies:
Commercial telegraph tolls.thous. of dolls..
tv
Operating revenue
thous . of dolls. .
*"* Operating income
thous. of dolls..
Gas and electric companies:
Gross earnings
thous. of dolls..
Net earnings .
thous . of dolls ..
Electric railways (212 companies) :
Passengers carried
.thous. of persons..
Electric power production:
Total
mills, of kw. hours..
By water power
mills, of kw. hours..
By fuels
mills, of kw. hours..
In street railways, manufacturing
plants, etc...
._ .mills, of kw. hours..
In central stations
mills, of kw. hours. .
Gross revenue sales
thous. of dolls..

60, 119
13, 261

60,097
13, 713

62,009
14,848

62,641
15,920

57,925
15,034

56,826
14,327

4536,006
4 140, 691

4598,667
4 142, 519

10,822
13,386
1,662

11, 109
13, 663
2,351

11, 654
14, 338
2,255

12,205
13, 998
1,678

11, 678
14,408
2,342

10, 395
12,810
1,660

4102,033
U25,414
4 18, 237

4 109, 597
4133,862
4 17, 929

95, 007
27,729

93,873
25,909

97, 636
32,087

100,029
33,053

101, 154
35, 152

764,509

749, 592

742, 932

807,261

811,236

779, 691

35,914
2,001
3,916

s 6, 145
3 2, 083
3 4, 057

36,176
32,056
3 4, 121

6,559
2,159
4,400

5,948
1,801
4,147

5,787
1,946
3,841

4 53, 709
U8,414
35,295

4 60, 126
421,285
4 38, 848

+11.9
+15.6
+10.1

355
35,559
127, 100

368
3 5, 777
129,200

354
3 5, 822
135,500

380
6,179

398
5,550
128,800

395
5,392
139,300

4 3, 878
449,831

4 3, 852
4 56, 274

-0.7
+12.9

486
233
89
92
80
125.8
101.1
82.2

489
239
90
93
81
125.9
100.7
85.8

500
234
97
95
81
123.9
102.9
89.0

506
220
97
96
77
126.0
102.4
89.8

500
206
97
95
76

510
267
92
92
78
123.3
98.6
92.2

513
264
93
92
78
122.6
99.3
93.1

13, 995
270. 6
96
84
84

14, 103
282.0
98
87
85

14,664
278.0
106
89
87

14,853
285.5
110
94
86

14, 564

14, 559
297.6
95
90
82

14, 700
288.1
96
88
84

100

92

791,386

-98.0

+1.5

8, 576, 806 8, 657, 648

EMPLOYMENT AND WAGES
Employment in factories:
New York State
thousands. .
Detroit
thousands..
New Jersey (rel. to 1923) ...index number..
Pennsylvania (rel. to 1923). .index number..
Delaware (rel. to 1923)
index number..
Wisconsin (rel. to 1915)
index numberIllinois (rel. to 1922)
index number..
Massachusetts (rel. to 1914) .index number..
Total pay roll:
New York State
. . thous. of dolls..
Wisconsin (rel. to 1915)
index number..
New Jersey (rel. to 1923) ...index numberPennsylvania (rel. to 1923) .index number. .
Delaware (rel. to 1923)
index number..
Ohio construction employees
(rel. to 1923)
index number..
Federal civilian employees, Wash* ington, D. C., end of month
number..
Average weekly earnings (State reports):
New York State
dolls..
Illinois (rel. to 1922)
index number —
Wisconsin (rel. to 1915)
index unmber..
Massachusetts (rel. to!914). index number..
New Jersey (rel. to 1923) .. .index number..
Pennsylvania (rel. to 1923). .index numberDelaware (rel. to 1923)
index number..
Average weekly earnings (National Industrial
Conference Board):
Grand total (both sexes)
dollars..
Total male
dollars..
Skilled male
dollars..
Unskilled male
- dollars .
Total women
dollars..
Average weekly hours:
Nominal (both sexes)
hours..
Actual (both sexes)
hoursWages of common labor, by geographic divisions:
New England
cents per hour
Middle Atlantic
cents per hour
South Atlantic
cents per hour..
East South Central
. cents per hour
West South Central
cents per hour
East North Central .
cents per hour..
West North Central
cents per hour
Mountain
cents per hour. _
Pacific
. ..cents per hour
United States, average
cents per hour..
Wage rates, U. S. Steel Corp... cents per hourWages, steel workers, Youngstown
district
per cent of base
Applicants per 100 jobs, employment agencies:
United States, average
number..
Eastern States
number.
Central States
number
Southern States
number..
Western States
.
number..

109
91
87

-1.2
-6.4
0.0
-1.0
-1.3

-1.9

-2.5
-22.0
+4.3
+3.3
-2.6

-0.9

-0.9
-3.2
+1.2

+13.5
+3.4
+3.6

-8.0

-9.8

-0.7

+1.7

-0.9
-2.8
+1.9

+5.8
+4.0
+2.9

118

102

62,039

61, 753

28.57
115.3
241.0
189.9
103
101
102

28.67
115.2
234.7
187.8
103
99
104

27.43
29.79
31.26
24.28
17.64

27.12
29.51
31.20
23.66
17.13

27.13
29.43
31.08
23.79
17.15

49.6
48.4

49.8
48.6

50.0
48.3

49.7
48.5

48
47
33
24
28
37
36
42
52
39
50

49
47
39
25
26
37
36
44
52
39
50

49
47
27
25
29
39
36
42
52
39
50

49
49
31
25
28
40
37
43
52
39
50

46
46
25
25
28
36
37
46
53
38
50

46
45
27
25
29
36
37
46
52
38
50

0.0
+4.3
+14.8
0.0
-3.4
+2.6
+2.8
+2.4
0.0
0.0
0.0

+6.5
+8.9
+14.8
0.0
-3.4
+11.1
0.0
-6.5
0.0
+2.6
0.0

133.0

133.0

133.0

133.0

133.0

127.0

127.0

0.0

+4.7

120
128
139
107
78

106
118
128
81
62

100
105
118
85
58

104
112
122
72
65

144
113
144
93
59

127
119
149
119
66

108

108

113

60,435

60, 270

59, 849

28.81
113.2
219.8
178.5
106
99
99

28.86
115.9
228.8
180.9
107
101
99

29.31
113.2
229.3
181.0
107
101
101

29.35
117.5
241.2
180.1
110
106
105

26.78
29.21
30.76
23.67
17.29

26.76
29.39
30.91
23.81
16.91

27.38
29.83
31.39
24.03
17.34

49.6
47.6

49.6
47.5

48
47
27
25
26
37
37
46
52
39
50

29.15

109
103
107

^

Factory Labor Turnover*
(Percentages of number on pay roll)
Separations:
Total ..
.
..percent..
4.8
5.2
4.6
Voluntary quits
per cent
3.3
4.1
3.4
Discharges
. per cent
0.7
0.8
0.7
0.8
Layoffs.. .. .
percent..
0.3
0.5
Accessions (including employment and re4.7
6.8
hires) .
.
.
percent.
5.2
• Revised
< Ten mon ths* cumu ative, end ing Oct. 31




—22.5
—33.3
-33.3
+75.0

4.0
3.0
0.6
0.4

3.1
2.0
0.4
0.7

5.3

-39.6
3.2
<See table on p. 10 of the (October, 1926, issue for earlier data.

+11.7
+1.3

+7.4
+6.7
-1.1

+0.9

44

TREND OF BUSINESS MOVEMENTS—Continued
1926
The"^ cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

PEE CENT INCREASE (+) OR
DECREASE (— )

1925

Nov.,
1926,

August

September

October

November

October

November

35, 670
31, 995
20,011
11,984

35, 763
32, 272
19, 605
12, 667

43, 742
37, 907
21, 648
16, 259

54, 743
46, 995
26, 840
20, 155

55, 802
47, 869
27, 991
19,878

62, 216
52,340
30, 375
21, 965

52, 786
44, 618
25, 824
18, 794

+1.9
+1.9
+4.3
-1.4

34, 436
2,142
19, 395
1,460
8,886
332
2,459
183
3,696
167
831
80
790
40

34, 075
2,154
19, 015
1,465
8,713
338
2,493
184
3,854
167
801
80
703
40

35, 202
2,172
19, 339
1,471
9,439
345
2,543
189
3,881
167
872
80
799
40

42, 506
2,191
24,801
1,482
10, 535
354
2,910
187
4,260
168
1,048
81
1,025
41

41, 224
2,204
22, 533
1,484
10, 957
362
2,912
189
4,822
169
1,010
81
954
41

39, 739
2,057
22, 976
1,420
9,992
293
2,725
179
4,046
165
829
69
849
34

36, 886
2,066
20, 677
1,425
9,425
293
2,673
182
4,111
166
794
69
838
36

-3.0
+0.6
-9.1
+0.1
+4.0
+2.3
+0.1
+1.1
+13.2
+0.6
-3.6
0.0
+6.9
0.0

88, 856
25, 607

82, 976
25, 793

93, 639
26, 114

97, 274
26, 311

89, 210
23, 655

76, 230
23, 897

7,656
631

7,548
645

3

7, 531
652

8,3 OV8
660

7,739
704

7,015
568

8, 770
3,335

3

9, 037
3,354

9,607
3,389

8,862
3,424

3,a 684
566

July

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Nov.,
1926,
from
Nov.,
1925

Per ct.
in-W
crease
( }
or tdecrease
(-)
cumulative
1926
from
1925

1925

1926

+5.7
+7.3
+8.4
+5.8

456, 777
389, 128
227,821
161, 307

479, 661
418, 873
242, 717
176, 161

+5.0
+7.6
+6.5
+9.2

+11.8
+6.7
+9.0
+4.1
+16.3 j
+23.5 '
+8.9 I
+3.8
+17.3
+1.8
+27.2
+17.4
+13.8
+13.9

348, 196

380, 394

+9.2

199, 599

212, 289

+6.4

87,982

98, 367

+11.8

24, 236

27, 537

+13.6

37, 355

42, 201

+13.0

6,939

8,867

+27.8

6,777

8,672

+28. 0

+3.9 +27.6
+0.8 +10.1

796, 062

962, 289

+20.9

6,522
589

-4.2 +18.7
+6.7 +19.5

70, 628

81, 921

+16.0

8,969
3,165

8,072
3,224

-7.8
+1.0

+9.8
+6.2

88, 309

96, 371

+9.1

3,501
569

3,823
508

3,186
516

+9.9
-5.0
+0.5 +10.3

34, 654

36, 389

+5.0

from
Oct.,
1926

DISTRIBUTION MOVEMENT
Retail Sales
Mail-order houses:
Total sales, 4 houses
thous. of dolls..
Total sales, 2 houses
thous. of dolls __
Sears, Roebuck & Co
thous. of dolls
Montgomery Ward & Co.. thous. of dolls. _
Ten-cent chain stores:
Total sales (4 chains)
thous. of dolls..
Total stores operated(4 chains). ..number..
F. W. Woolworth & Co
thous. of dolls..
Stores operated
number
S. S. Kresge Co
thous. of dolls..
Stores operated
number
McCrory Stores Corp
thous. of dolls..
Stores operated
number
S. H. Kress & Co
thous of dolls
Stores operated
number
Metropolitan
thous. of dolls..
Stores operated
number
F. and W. Grand
_thous. of dolls..
Stores operated
number
Chain stores:
GroceriesSales
thous. of dolls..
Stores operated
number
DrugSales
thous. of dolls..
Stores operated
number
CigarSales.
thous. of dolls..
Stores operated
number
ShoeSales
thous. of dolls
Stores operated
number
MusicSales.
thous. of dolls. .
Stores operated
number

9,210
3,321

3

3

85, 082
25, 923

3
3

3

3

3,382
561

2,842
563

3,313
566

976
60

1,095
60

1,244
61

1,366
62

1,318
62

1,272
57

1,257
58

-3.5
0.0

+4.9
+6.9

11, 269

11, 908

+5.7

2,550
276

2,353
275

2,649
274

2,754
263

2,818
254

2,606
222

2,372
231

+2.3 +6.9
-3.4 +10.0

25, 596

27, 648

+8.0

4,297
2,050

4,426
2,189

4,622
2,289

4,748
2,310

4,491
2,181

4,543
2,246

4,278
2,107

-5.4
-5.6

+5.0
+3.5

45, 511
22,064

49,062
23,655

+7.8
+7.2

1,076
1,171

1,084
1,153

1,162
1,171

1,194
1,244

1,117
1,193

1,157
1,140

1,077
1,094

-6.4
-4.1

+3.7
+9.0

11, 663
11,785

12, 287
13, 120

+5.4
+11.3

8,327
697
6,783
3,027
2,388
285
1,441
91

8,083
721
6,472
3,039
2,260
287
1,403
91

10, 622
735
6,560
3,059
2,442
286
1,423
94

13, 247
743
6,878
3,091
2,693
289
1,597
95

13, 334
743
6,517
3,125
2,312
291
1,347
94

12,147
644
6,661
2,888
2,257
266
1,451
87

9,853
668
5,992
2,946
2,034
267
1,252
87

+0.7 +35.3
0.0 +11.2
-5.2 +8.8
+1.1 +6.1
-14.1 +13.7
+0.7 +9.0
-15.7 +7.6
—1.1 +8.0

78,450

99, 688

+27.1

66,008

70, 767

+7.2

21, 708

25, 174

+16.0

14, 965

14, 985

-0.1

1,833
Magazine advertising-. . _. thous. of lines __
Newspaper advertising
thous. of lines.. 88, 052
National advertising in newspapers:
26,383
Total
thous. of lines
5,904
Automobile advertising
thous. of lines..
2,086
Automobile accessories
thous. of lines..
Cigars, cigarettes and
2,447
tobacco
thous of lines
895
Financial.
thous. of lines..
3,730
Food, grocercies, beverages.thous. of lines. .
724
Hotels and resorts
thous of lines
Household furniture
thous of lines
281
189
Men's clothing
..thous. of lines..
83
!Musical instruments
thous of lines
685
Radio and electrical
thous. of lines..
2,442
Railroads and steamships. -thous. of lines..
53
Shoes
_
thous. of lines . _
Toilet articles and medical
3,758
preparations
thous of lines
33
Women 's wear
.thous. of lines . .
3,073
Miscellaneous
thous of lines

1,689
91, 763

2,138
104, 106

2,626
123,300

2,703
111,157

2,421
120, 910

2,506
117, 365

+2.9
-9.8

+7.9
-5.3

22, 871
24,894
1, 112, 159 1, 154, 305

+8.8
+3.8

26, 426
8,200
1,857

28, 875
6,411
1,867

32,098
6,098
1,396

29, 977
4,338
1,352

33,415
5,616
1,376

30,695
5,023
1,041

-6.6
-28.9
-3.2

-2.3
-13.6
+29.9

326, 899
68,453
16, 944

2,552
505
2,999
385
284
57
68
835
2,065
32

2, 442
741
3,229
188
799
353
191
1,698
1,584
218

2,124
784
3,983
219
1,089
458
321
2,367
1,665
228

2,875
865
3,591
281
463
377
416
2,480
2,060
223

1,838
1,023
4,606
291
1,15$
578
232
2,056
1,467
294

2, 199
906
4,183
396
591
375
353
2,498
1,532
256

+35.4
+10.3
-9.8
+28.3
-57.5
-17.7
+29.6
+4.8
+23.7
-2.2

+30.7
-4.5
-14.2
-29.0
-21.7
+0.5
+17.8
-0.7
+34.5
-12.9

26,499
9, 471
41, 903
4,757
6,824
3,619
1,986
14, 744
21,918
1,835

3,369
44
3,174

4,197
186
4,771

6,345
317
4,704

6,464
171
4,021

6,303
422
5,038

6,584
232
4,525

+1.9 -1.8
-46.1 -26.3
-14.5 -11.1

61,062
1,756
44, 128

26, 783

26, 714

29, 976

32, 860

31, 868 * 32,489

29, 962

-3.0

+6.4

307, 319

326, 976

+6.4

3,073

3,003

3,169

3,421

3,352

2,964

-5.8

+8.7

32, 684

34,950

+6.9

9,868
79, 733

9,417
77, 674

9,972
83, 963

11,447
97, 263

12,008
99, 240

10, 916
88, 548

107, 080
845, 375

-2.5
+7.6

2,970
32. 154

2,892
31.517

2,895
31. 712

3,208
34, 551

* 31, 123
325. 641

+1.5
+6. 5

Sales
thous. of dolls..
Stores operated
number
Restaurant chains:
Total sales (3 chains)
thous. of dolls
Childs Co., sales
-thous. of dolls..
Waldorf System (Inc.),
sales
_
thous. of dolls..
Thompson sales
thous. of dolls .
Other chain stores:
J. C. Penny Co
thous. of dolls
Stores operated
number
United Cigar Stores Co _. -thous. of dolls __
Stores operated
number
A. Schulte (Inc.)
thous. of dolls
Stores operated
number
Owl Drug Co
thous. of dolls
Stores operated
.number..
Advertising

Postal Business
Postal receipts, 50 selected
cities
thous. of dolls _.
Postal receipts, 50 industrial
cities
thous. of dolls..
Money orders:
Domestic paid (50 cities) —
Quantity
number
Value
thous of dolls
Domestic issued (50 cities) —
Quantity
number
VfllnR
thnus. of dolls
e Revised.




3,223

3,154
3,065
i
33. 041
32. 016
4
Ten months' cumulative, ending Oct. 31.

* 109, 800
785, 471

4

4
4

4
4

30, 654
305. 858

4

45

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulativea shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

July

August

September

PER CENT INCREASE (+) OR
DECREASE (— )

1925

October

November

DISTRIBUTION MOVEMENT— Contd.

October

November

Nov.,
1926,
from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

-14.1
+8.7

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

1925

1926

Per ct.
increase
or<•#
decrease
(-)
cumulative
1926
from
1925

e

Wholesale Trade
Delinquent accounts, electrical trade:
Amount
dollars..
Number of
firms
number

167, 635
1,388

165, 213
1,367

186, 892
1,419

168, 732
1,142

+0.4
+2.5

198, 686
719, 203
157
918,046

222,764 218, 240
184, 843 219, 049 221,45,
714, 041 822,459 870,324 1,199,183 851,209
182
114
157
183
172
899,041 1, 041, 691 1, 091, 963 1,422,061 1, 069, 621

+1.1
+5.8
-0.5
+4.8

958, 771
40, 882

946, 627 1,085,721 1, 162, 144 1,460,056 i, 095, 925
38, 109
44, 213
70, 363
47, 743
26, 476

595,929
199,076
55, 632
850,637

523,915
197,277
73,456
794,648

618,041
226, 523
62,353
906, 917

629, 860
235, 691
100,448
965, 999

616, 725
256, 704
54,433
927, 862

586,877
207, 980
111,066
905, 923

+1.9
+4.0
+61.1
+6.5

117, 851
43,419
4,102
165,372

118,023
40, 827
3,783
162,633

125, 689
43, 988
4,735
174, 412

127,489
45,281
4,327
177,097

130,045
38,951
4,841
173,837

130, 920
39,074
4,940
174,934

10,050

10, 141

10, 237

9,209

9,292

4,290
1,577
2,713

4,335
1,579
2,756

4,405
1,581
2,824

3,750
1,515
2,235

3,796
1,518
2,278

3,907
948
2,137
710
112

3,924
948
2,148
715
113

3,941
937
2,156
72,9
119

3,713
1,035
2,005
567
106

3,751
1,048
2,015
580
108

1,194
659

1,202
680

1,210
681

1,099
647

1,103
642

649,023
241,260
145,015
107,434
84,572
70,732
36,010

597,767
222,265
132,004
104,368
76, 904
62,226
34, 878

656,606
262,334
145, 635
100,446
81. 865
66,326
40, 226

668, 794
258,615
148,401
107,380
86, 527
67, 871
36, 259

144, 458
1,211

144,985
1,241

184, 055
1,597

BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents)
Policies, new (45 companies) :
Ordinary «
number of policies
221, 69 /
Industrial
number of policies
716, 607
Group
number of contracts
149
Total
number of policies and contracts.. 938,453
Policies and certificates issued:
Total policies and certificates
number.. 991, 361
Group insurance certificates.. .certificates.. 53,057
Amount of new insurance (45 companies) :
Ordinary
thous. of dolls.. 658, 562
Industrial
thous. of dolls.. 194, 315
Group
...thous. of dolls.. 78, 125
Total insurance
thous. of dolls.. 931,002
Premium collections (45 companies) :
Ordinary.
thous. of dolls.. 133, 755
Industrial
thous. of dolls.. 42,639
Group
thous. of dolls..
4,457
Total
thous. of dolls.. 180, 851
Admitted life insurance assets (41 companies):
Grand total
mills, of dolls..
9,969
Mortgage loans—
Total
mills, of dolls..
4,238
Farm
mills, of dolls..
1,572
All other
mills, of dolls..
2,666
Bonds and stocks (book values)—
Total
mills, of dolls..
3,899
Government
mills, of dolls..
951
Railroad
mills, of dolls..
2,132
Public utilities
mills, of dolls..
705
Allother
mills of dolls
111
Policy loans and premium
notes
mills, of dolls..
1, 184
Other admitted assets.. .. mills, of dolls
648

+1.5 2, 299, 256 2, 363, 373
+2.2 8, 827, 675 8, 548, 387
+5.8
1,499
1,895
+2.1 11, 128, 430 10, 913, 655

+2.8
-3.2
+26.4
-1.9

+6.0 11, 498, 035 11,449,763
+7.0
371, 104
538, 003
+59.1 +165. 8

-0.4
+45.0

+7.3
+13.3
-9.6
+6.6

6, 667, 649 6, 990, 936
2, 135, 291 2,338,051
684, 590
788, 153
9,497,5SO 10, 117, 140

+4.8
+9.5
+15.1
+6.5

+1.6
+2.9
-8.6
+1.5

-2.6
+15.9
-12.4
+1.2

1, 343, 573
404,407
48,404
1,796,382

1,416,045
463,355
51,029
1,930,429

+5.4
+14.6
+5.4
+7.5

637,023
252,514
136, 517
99, 155
81,492
67,345
36, 760

+5.3
+8.0
+5.2
+2.4
+3.2
+2.0
+10.0

+8.6
+12.2
+12. 2
+3.8
+3.6
+0.5
+20.4

7,262,750
2,913,004
1,555,345
1,153,329
907, 509
730,554
383,050

7,530,054
3,002,005
1,640,578
1, 189, 132
944,979
753,350
424, 283

+3.7
+3.1
+5.5
+3.1
+4.1
+3.1
+10.8

28, 916
24,008

27,009
21, 334

-10.3
-9.2

-4.5
+1.1

283, 059
232, 357

306, 479
244, 471

+8.3
+5.2

25, 952
20, 554
1,647

23, 477
18, 598
1,613

-8.6
-7.7
+5.7

-12.7
-1.9
+3.5

256, 690
198, 685
14, 295

263, 639
204, 081
15,306

+2.7
+2.7
+7.1

590
1,695
660
2,893
2,297
72.5

625
1,732
701
2,861
2,291
71.1

+2.1
+2.4
+11.0
+0.1
+1.9
-1.9

+3.2
+2.3
-3.4
+3.3
+1.4
+1.5

13,901
5,443
13, 082

13, 959
5,405
13, 025

+0.4
-1.0
+0.9

+3.0
+2.1
+0.1

(Life Insurance Sales Research Bureau)
Sales of ordinary life insurance (81 companies):
United States total
thous of dolls
Eastern manuf. district.thous. of dolls..
Western manuf. district.thous. of dolls..
Western agric. district.. thous. of dolls..
Southern district
thous. of dolls..
Far Western district... thous. of dolls..
Canada total, 15 companies. thous. of dolls..

702, 129
279,650
153, 663
110,372
86, 758
71,686
40, 101

691, 520
283,297
153, 194
102,894
84,462
67,673
44, 251

Banking
Debits to individual accounts:
New York City
mills, of dolls. . 27,659
25, 790
26, 233
25, 618
28, 755
Outside New York City
mills, of dolls. _ 23, 674
20,755
21, 568
21, 311
23,754
Bank clearings (United States):
New York City
mills of dolls
22, 252
21, 676
21, 360
23, 827
24,333
Outside New York City... .mills, of dolls.. 19. 184
18, 236
17, 472
17, 966
19, 754
Bank clearings (Canada) .
mills, of dolls
1,376
1,345
1,669
1,320
1,579
Federal reserve banks:
Bills discounted
mills, of dolls .
521
632
645
620
717
Notes in circulation
mills, of dolls .
1,772
1,716
1,671
1,731
1,703
585
Total investments
mills, of dolls
576
581
610
677
Total reserve
mills, of dolls..
2,956
2,999
2,966
2,954
2,937
Total deposits
mills, of dolls
2,282
2,261
2,330
2,281
2,324
Reserve ratio
.
per cent
72.2
74.4
72.6
73.6
76.3
Federal reserve member banks:
Total loans and discounts... mills, of dolls.. 13, 976
14, 375
14, 395
14, 314
14, 179
5,652
Total investments
mills of dolls
5,521
5,599
5,634
5,578
Net demand deposits.
mills, of dolls. _ 12, 846
12,961
12, 918
13, 033
13,003
Brokers' loans, end of month:
To New York Stock
Exchange members
thous. of dolls. .2, 997, 760 3, 142, 148 3,218,937 3, 111, 177 3, 129, 162
By New York F. R. member
banks
thous. of dolls.. 2, 602, 042 2,758,274 2,812,971 2, 602, 196 2, 646, 653
Interest rates:
New York call loans..
per cent..
4.75
4.90
4.59
4.43
4.59
Commercial paper 4-6 mos
per cent..
3.95
4.50
4.44
4.31
4.43
Discount rate:
N. Y. Fd. Res. Bk. 60-90 days.. .per cent4.00
3.50
4.00
4.00
4.00

+0 6

+1.7
4.90
4.40

4.75
4.38

-3.4
-1.3

-3.4
+1.4

3.50

3.50

0.0

+14.3

thous. of dolls.. 3. 721. 746 3. 729. 404 3. 776. 911 3. 778. 155 3. 791. 144 3. 529. 169 3. 533. 841

+0.3

+7.3

Savings Deposits
New York State savings
banks




TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1925

Nov.,

July

August

Septem- October
ber

November

October

November

1926,

from
Oct.,
1926

Nov.,
1926,
from
Nov.,
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

1925

1926

Per ct.
increase
(
or t>
decrease
(-)
cumulative
1926
from
1925

BANKING AND FINANCE— Continued
Public Finance
Government debt:
Interest-bearing
mills . of dolls _ . 19, 357
Total gross debt
...mills, of dolls.. 19, 613
Short-term debt
..mills, of dolls. _
4,917
Customs receipts
...thous. of dolls.. 49, 352
Total ordinary receipts
__ thous. of dolls_. 236,020
Expenditures chargeable to
ordinary receipts
thous. of dolls.. 222, 095
Money in circulation:
Total
-- .mills, of dolls..
4,858
Per capita
dollars-42.01

19, 166
19, 534
4,841
51, 815
192, 954

19, 211
19, 473
4,771
55, 596
576, 528

19, 166
19,420
4,726
60, 969
192, 919

19, 137
19, 389
4,697
52, 655
176, 002

20, 141
20, 407
6,184
52, 835
202, 245

20, 139
20, 401
6,182
48, 276
184,931

-0.2 -5.0
-0.2 -5.0
-0.6 -24.0
-13.6 +9.1
-8.8 -4.8

524, 604
3,224,545

557, 196
3, 427, 495

254, 802

290,465

367, 595

264, 250

323, 432

236,034

-28.1 +12.0

3, 166, 134

3, 200, 110

4,864
42.02

4,906
42.34

4,933
42.53

4,949
42.62

4,901
42.77

4,972
43.35

29, 680

28, 130

29,990

33, 231

32, 694

29, 544

35,922

-1.6

-9.0

407, 216

363, 623

11, 167
14, 614
3,898
3,328

12, 516
14, 096
1,519
1,494

10, 093
11, 243
8,654
1,298

11, 650
15,874
5,707
2,486

16, 097
14, 158
2,439
2,691

11, 264
13, 530
4,750
3,533

13, 994
18,907
3,022
2,352

+38.2
-10.8
-57.3
+8.2

+15.0
-25.1
-19.3
+14.4

154, 754
194,734
57,729
32, 722

141, 284
180, 766
41, 575
25, 324

1,605

1,593

1,437

1,763

1,830

1,581

1,672

+3.8

+9.4

19,336

19,704

-10.7
-8.7
-7.2
-28.0
-22.6
+1.9

396
1,122
87
171

449
1,071
73
141

374
958
105
142

450
1,205
108
188

440
1,285
105
188

408
1,111
62
183

442
1,146
84
167

-2.2
-0.5
+6.6 +12.1
-2.8 +25.0
0.0 +12.6

4,600
13, 854
882
1,902

4,901
13, 797
1,006
1,900

+6.5
-0.4
+14.1
-0.1

Grand total
thous. of dolls.. 234, 635
Dividend payments:
Total
thous. of dolls.. 87, 135
Indus, and misc. corp.-thoust of dolls.. 47,950
Steam railroads
thous. of dolls.. 33,500
Street railways
thous. of dolls..
5,685

321, 542

447, 500

330,900

340, 681

309, 500

323,348

+5.4

4,085,908

4,333,435

+6.1

72,800
47, 050
18,500
6,250

106, 650
68,300
27, 050
11,300

78,600
34, 700
35, 750
8,150

79,050
56, 450
16,425
6,175

73,700
32,500
33,900
7,300

75,995
54,600
15, 180
5,215

+0.6 +4.0
+62.7 +3.4
-54.1 +8.2
-24.2 +18.4

1,070,875
596,050
315,015
93, 340

1, 120, 110
629, 485
330, 340
101, 870

+4.4
+3.6
+4.9
+9.1
-27.7

+0.3
+0.2

+6.2
+6.3
+1.1

-0.5
-1.7

Business Failures
Liabilities (United States):
Total commercial
thous. of dolls..
Manufacturing
establishments
thous. of dolls. .
Trade establishments, .thous. of dolls. .
Agents and brokers
thous. of dolls. .
Liabilities (Canada)
.thous. of dolls. Firms (United States):
Total commercial
number. .
Manufacturing
establishments
number
Trade establishments
number _
Agents and brokers
_ .number. _
Firms (Canada)
number..
Dividcnd and Interest Payments
(For the following month)
+3.0

New Security Issues
Foreign governments
thous. of dolls..
Total corporation (Commercial and Financial
Chronicle)
thous. of dolls. .
Purpose of issue—
New capital
.
thous. of dolls..
Refunding
thous. of dolls _.
Kinds of issue—
Stocks
_^_
thous. of dolls _.
Bonds and notes
thous. of dolls _.
Class of industryRailroads
. thous. of dolls. .
Public utilities
thous. of dolls..
Industrials
thous. of dolls. _
Oil
thous. of dolls..
Land and buildings
thous. of dolls. .
Shipping and misc
thous. of dolls..
Bond issues (Canada):
Govt and provincial
thous. of dolls _.
Municipal..
thous. of dolls..
Corporation
thous. of dolls. .
Total corporation (Journal of
Commerce)
thous. of dolls. .
States and municipalities:
Permanent loans
thous. of dolls..
Temporary loans
- - thous. of dolls __
New incorporations
thous. of dolls-

12, 520

34, 000

74,900

118, 000

24,240

39, 650

138, 100

-79.5

-82.4

645, 381

466, 632

474, 383

243, 450

328, 705

350, 482

595, 237

371, 305

376, 240

+69.8 +58.2

4, 219, 752

3, 870, 250

-8.3

414, 635
59, 748

176,155
67, 295

283, 231
45, 474

276, 706
73, 776

330, 694
264, 543

300, 994
70,310

365, 565 +19.5
10, 675 +258. 6

-9.5

3, 325, 822
593,922

4, 103, 775
866, 476

+23.4
+45.9

101, 036
373, 348

46, 507
196, 943

48, 327
280, 379

58,490
291, 993

203,909
391,328

120, 932
250,373

149, 938 +248. 6
226, 302 +34.0

+36.0
+72.9

1, 159, 053
3, C70, 698

1, 222, 805
3,647,445

40, 775
211, 829
91, 801
6,500
82, 893
40, 585

15, 085
69, 434
66, 035
10, 500
52, 628
29, 618

61, 706
45, 930
114, 938
48, 537
57, 595

12,190
147, 311
55, 117
31, 212
80, 142
17, 260

27, 821
162, 328
73, 058
230, 968
51, 068
49, 494

28, 952
109, 590
99, 918
2,500
96, 629
29, 714

6,320 +128.2 +340. 2
121, 446 +10.2 +33.7
82, 759 +32.6 -11.7
20, 757 +640. 0
-24.1
67, 297 -36.3
67, 426 +186. 8 -26.6

479, 729
1, 542, 889
828, 304
262, 039
690, 573
366, 471

379, 413
1, 837, 794
1,088,626
449, 717
670, 175
501, 304

5,250
4,950
48, 005

1,051
11, 949

3,771
51, 713

6,000
3,374
33,960

2,540
12, 967
415

150
3,385
8,328

2,275 -57.7 +11.6
4,909 +284.3 +164.1
-97.1
14, 425 -98.8

245, 267
45,721
145, 720

175, 933
58, 197
260, 297

269, 140

154, 582

277, 210

244, 842

271, 579

278, 096

3, 268, 031

3, 387, 343

90, 884
51, 831
454, 865

68, 853
38, 055
505, 770

135, 436
54, 613
580,387

105, 789
42,075
901, 303

60, 151
4,567
552,787

84, 775
71, 523
93,465
39, 827
585,422 1, 241, 594

-43.1 -15.9
-89.1 -88.5
-38.7 -55.5

+5.5
+18.8
-20.9
+19.1
+31.4
+71.6
-3.0
+36.8
-28.3
+27.3
+78.6
+3.7
-7.4
-19.4
+13.9

995, 207
526, 042

999, 415
534, 134

+6.9
+0.5
+0.8 +16.9

73, 097
22,275

77,300
19, 843

+3.9 +13.8
-8.0
-57.6

171. 95
97.43
115.32

173.56
84.92
121.39

177.26
88.56
120. 05

+4.4 -3.0
+2.6 +10.0
+3.3 -3.9

251, 381

+10.9

+8.0

1, 238, 431 1,146,177
583, 748
724,330
8, 860, 655 10, 095, 550

Agricultural Finances
Loans outstanding, end mo.:
Federal farm loan banks thous. of dolls.. 1,048,275 1,053,336 1,057,217 1,063,056 1,068,596
Joint-stock land banks
thous. of dolls.. 605, 718 610, 794 614, 639 619, 217 624, 230
Federal intermediate credit
71, 139
84, 665
87, 977
78, 083
banks
thous. of dolls
78,490
8,421
10, 504
9,629
9,154
War finance corporation thous. of dolls.. 10, 803
Stocks and Bonds
Stock prices, average daily closing:
25 industrials, average
dolls, per share.. 163.01
93.77
25 railroads, average
dolls, per share..
112. 75
103 stocks, average
dolls, per share
Southern cotton mill
stocks
dolls per share
110. 58
Stock sales:
N. Y. Stock Exchange
thous. of dolls.. 36,732
B ond sales:
Miscellaneous
thous. of dolls. . 221,926
Liberty- Victory
thous. of dolls.. 20,052
Total
thous. of dolls.. 241, 978




172. 22
96.14
115.64

172. 26
99.43
114.48

164.63
94.93
111.61

110. 68

110.67

110.79

115. 89

118.27

+0.1

-6.3

44, 189

36,904

40, 213

31, 183

53,423

48,981

-22.5

-36.3

409,336

407,213

203,543
11,906
215,449

175,594
14,060
189, 654

217,302
15,870
233, 172

272, 138
17,457
289,595

258,979
21, 528
280,507

218,999
23,011
242,010

+25.2 +24.3
+10.0 -24.1
+24.2 +19.7

2,848,512
317, 128
3, 165, 640

2, 565, 719
230,326
2, 796, 054

110.33

-0.5
-9.9
-27.4
-11.7

47

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
November except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

PEE CENT INCREASE (+) OR
DECREASE (— )

1925

Nov.,

July

August

September

1926,

Nov.,
1926,

Oct.,
1926

Nov.,
, 1925

October

November

October

November

74.67
77.82
80.42

89.52
81.33
74.29
77.59
80.31

90.43
82.27
75.60
78.60
81.36

86.06
76.78
70.52
75.17
76.73

86.22
77.73
70.65
75.46
77.12

+1.0
+1.2
+1.8
+1.3
+1.3

+4.9
+5.8
+7.0
+4.2
+5.5

from

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

from

1935

1S26

Per ct.
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

BANKING AND FINANCE— Continued
Stocks and Bonds— Continued
Bond prices:
Highest-grade rails. p. ct. of par, 4% bond..
Second-grade rails.. p. ct. of par, 4% bond..
Public utility
p. ct. of par, 4% bond_.
Industrial..
p. ct. of par, 4% bond-Comb, price index..p. ct. of par, 4% bond..

89.11
81.53
75.14
77.79
80.56

89.23
81.20
74.78
78.09
80.48

89.36
81.23

( For 1st of following month)
5 Liberty bonds
p. ct. of par__
16 foreign governments and
city
__
p. ct. of par..
Comb, price index, 66 bonds.-p. ct. of par-Municipal bond yield ...
per cent
Long-term real estate bonds issued:
Grand total
thous. of dolls. Purpose of issueFinance construction . -thous. of dolls. .
Real estate mortgate.. -thous. of dolls..
Acquisitions and
improvements
thous. of dolls. _
Kind of structureOffice and other
commercial
thous. of dolls
Hotels
thous. of dolls. .
Apartments
thous. of dolls. .

102. 74

102. 27

102. 62

102.88

106. 92

102.02

+0.3

+0.8

103.40
99.15
4.11

103.61
99.08
4.12

103. 64
99.01
4.16

103. 80
99.41
4.16

103.92
99.74
4.14

102.75
97.46
4.26

101. 41
97.53
4.22

+0.1
+0.3
-0.5

+2.5
+2.3
-1.9

102. 56

69, 408

48, 220

42, 606

67, 545

40, 330

90,839

65, 647

-40.3

-38.6

637, 748

588,696

-7.7

43, 660
18, 125

18, 845
18, 760

27, 700
7,021

24, 015
19, 160

30, 375
4,845

39, 880
31,753

45, 240
9,620

+26.5 -32.9
-74.7

-49.6

365, 737
143, 548

320, 957
119, 614

—12.2
-16.7

3,138

8,000

2,385

14, 300

4,110

11,640

10,375

-71.3

-60.4

77, 393

78, 180

+1.0

22,640
29,345
8,850

8,915
8,960
7,070

21,350
1,630
4,270

14, 105
5,175
11, 320

23, 910
6,235
5,945

37, 515
8,393
5,130

27, 090
12, 795
10, 165

+69.5 -11.7
+20.5 —51.3
-41.5

243, 749
106, 141
84, 392

239, 201
98,983
79, 456

-1.9
-6.7
-5.8

97,426
844
11, 979
29,743

111, 657
840
15, 933
23, 081

108, 741
853
8,857
1,156

104, 230
840
16, 738
7,727

128, 030
813
50, 741
28, 039

+1.5
+6.6
+60.1
-68.3

957, 806
8.808
121,058
256, 671

936. 373
9.125
196, 448
108,512

-2.2
+3.6
+62.3
-57.7

5,270
5,988
8,041
.624

4,860
7.204
7;238
.606

5,014
5,083
7,279
.545

4,920
3,914
6,794
.541

4,644
5,602
8,783
.711

4,898
4,049
8,118
.692

62, 447
58, 849
91, 538

55, 344
65, 125
86, 642

-11.4
+10.7
-5.3

4.86
.028
.033
.028
.401
.268
.193

4.85
.029
.037
.027
.401
.268
.193

4.85
.029
.041
.028
.400
.267
.193

4.85
.034
.042

dolls, per guilder. .
dolls, per krone-dolls, per franc..

4.86
.025
.034
.024
.402
.268
.194

.400
.267
.193

4.84
.044
.040
.045
.402
.268
.193

dolls, per yen..
dolls, per rupee

.471
.363

.478
.364

.484
.363

.487
.362

.491
.360

dolls, per Canadian doll
dolls, per gold peso
dolls, per milreis..
dolls, per paper peso

1.001
.921
.156
.121

1.001
.920
.154
.121

1.001
.922
.152
.121

1.001
.928
.140
.121

339,233

336,605

343,479

378,350

3,830,157

4,078,007

+6.5

95,238
10,193
15,416
6,735
27,344

105,993
12,069
18, 311
7,084
27,346

108,930
14,444
17,299
8,451
29,791

1,004,
547 * 1,061, 581
4
127, 686 < 123, 904
4
127, 165 * 166, 327
4
83, 430
* 79, 825
4
333, 610 4 316, 409

78, 894
39,880

79,798
38,902

77,967
40,432

845, 712
393, 790

+5.7
-3.0
+30.8
-4.3
-5.2
+2.4
+6.8

476, 699
75, 506

+11.5
+13.9

1,236, 014
4
325, 411
4
82, 000

+10.3
+5.7
+10.3

GOLD AND SILVER
Gold:
Domestic receipts at mint fine ounces _. 82,696
860
Rand output
thous. of ounces
19, 820
Imports
thous. of dolls
5,069
Exports
thous. of dolls
SUver:
4,673
Production
thous. of fine oz
5,949
Imports
thous. of dolls..
Exports
thous. of dolls. . 7,921
Price at New York
dolls, per fine oz._
.648

-47.5

102, 641
-4.1
-1.5
788
10, 456 +89.0
24, 360 +568. 4

-1.9
-23.0
-6.7
-0.7

+0.4
-3.3
-16.3
-21.8

4.85
.040
.040
.045
.402
.268
.193

0.0
+17.2
+2.4

0.0
-15.0
+5.0

0.0
0.0
0.0

-0.5
-0.4
0.0

.410
.366

.423
.366

+0.8
-0.6

+16.1
-1.6

1.001
.924
.130
.121

1.001
.934
.148
.121

1.001
.944
.146
.122

0.0
-0.4
-7.1
0.0

0.0
-2.1
-11.0
-0.8

376,000

374,074

376,638

-0.6

-0.2

118,907
17, 343
17,750
10,286
33, 637

115, 692
15,469
15, 703
9,678
37,733

118, 231
14,492
15,728
9,323
42,342

92,800
45,787

81,950
47, 121

75,868
43,233

.

FOREIGN EXCHANGE RATES
Europe:
England
France
Italy
BfilgiiiTn

Netherlands
Sweden
Switzerland
Asia:
Japan
India. _
Americas:
Canada. ..
Argentina
Brazil
Chile

.

dolls, per £ sterling
dolls, per franc..
dolls, per lire..
dnlls, pp.f frfliiC

U. S. FOREIGN TRADE
Imports
Grand total
.thous. of dolls
By grand divisions:
EuropeTotal
thous. of dolls..
France
thous. of dolls
Germany
thous. of dolls
Italy .
thous. of dolls
United Kingdom
thous. of dolls..
North AmericaTotal
thous. of dolls..
Canada
thous. of dolls
South AmericaTotal
..thous. of dolls .
Argentina
thous. of dolls..
Asia and OceaniaTotal
thous. of dolls..
Japan
thous. of dolls
Africa, total
thous. of dolls
By class of commodities:
Crude materials .
thous. of dolls
Foodstuffs, crude, and
food animals
thous. of dolls
Manufactured foodstuffs... thous. of dolls..
Semimanufactures
.thous. of dolls..
Finished manufactures
thous. of dolls..
8 Revised.




4

4

* 825, 863
368, 853

4
4

4

4

41,056
5,092

44, 858
4,835

42, 139
5,722

50,381
7,765

38,985
4,003

43,319
6,714

117,324
35, 532
6,721

101,089
37,387
4,867

110,322
37,839
4,120

112, 720
39,912
3,542

133,941
39,079
3,506

131,459
37, 242
7,788

131,215

124,399

135,131

134,783

141, 138

3153,702

168,084

+4.7

+9.4

1,568,819

1,654,259

42,209
29,312
65, 775
70, 721

42,081
30,550
63,987
70,588

39,108
32,588
62, 779
73,873

50,420
40,659
64,726
87,762

49, 611
39, 620
65,897
77,776

8 44, 277
33, 193
8 65, 669
877,233

46,413
29,341
62,083
70,500

-1.6
-2.6
+1.8
-12.0

+4.8
-11.6
-5.5
-8.7

446,636
404,657
687,679
722,158

490,306
385,844
737,967
803,248

4

8

427, 671
* 66, 311

'1,121,072
* 4307, 738
74, 366

Ten months' cumulative, ending Oct. 31.

4
4

+5.4
+9.8
-4.6
+7.3
+11.2

48
TREND OF BUSINESS MOVEMENTS—Continued
1926
The cumulatives shown are through
November except
where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1935

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per ct.
increase

or( de-

^
crease

Nov.,
July

August

Septem-

ber

October

November

October

November

1926,

from

Oct.,
1926

Nov.,
1926,

from

Nov.,
1925

(-)

1925

1926

cumulative

1926

from

1925

U. S. FOREIGN TRADE-Continued
Exports
Grand total, including
reexports
thotis of dolls
By grand division:
EuropeTotal
-thous. of dolls..
France.
thous. of dolls-Germany
_ -thous. of dolls ._
Italy.
_
thous. of dolls._
United Kingdom
thous. of dolls ..
North AmericaTotal
thous. of dolls..
Canada
thous. of dolls
South AmericaTotal
.
thous. of dolls
Argentina.thous. of dolls ._
Asia and OceaniaTotal
thous. of dolls .Japan
thous. of dolls..
Africa, total
thous. of dolls__
Total domestic exports only
thous. of dolls..
By classes of commodities:
Crude materials
thous. of dolls
Foodstuffs, crude, and
food animals
thous. of dolls
Manufactured foodstuffs ... thous. of dolls. .
Semimanufactures
thous. of dolls
Finished manufactures
thous. of dolls. .
Agricultural exports (quantities) :
All commodities
index number-All commodities except
cotton
index number. .

368, 359

385, 621

448, 724

445, 955

166, 123
12, 769
20, 395
12, 201
77, 446

186,961
14, 898
28, 844
10, 817
73,496

224, 186
19, 006
44,437
11,311
93, 642

101,912
66, 101

101, 640
69, 118

37, 299
11, 464

481,000

+7.9

+7.6

4, 337, 104

-2.3

* 2, 119, 929 < 1,814, 585
< 222, 522 4 207, 152
' 395, 241 <4 272, 216
* 170, 904 4 126, 012
« 811, 666
756, 910

-14.4
-6.9
-31.1
-26.3
-6.7

490, 567

447,013

235, 578
29, 214
47, 004
14,945
97, 631

282, 669
34, 051
56,481
17,392
121, 393

237, 644
29, 560
39, 120
16, 766
107, 247

102, 389
65, 033

102, 855
68, 377

96,484
55, 798

93, 739
53, 650

* 949, 784
* 544, 801

*4 985, 518
621, 958

+3.8
+14.2

34, 290
11, 725

41, 562
13, 247

32, 957
11, 060

31, 132
12, 144

34, 991
13, 230

* 324, 068
< 118, 660

* 357, 210
4116,488

+10.2
-1.8

54, 400
17,805
8,625
360,494

53, 654
14,256
9,076
379, 496

71, 160
21, 754
9,427
440, 865

75,417
27, 724
9,148
448, 883

473, 509

73,421
33, 442
6,861
482, 881

72, 654
29,861
8,568
3
439, 657

*4 624, 498
202, 869
4
83, 293
4, 255, 573

+18.0
+17.6
+17.9
-2.4

72,093

76, 677

120, 607

167, 167

168, 602

210, 314

3

33, 908
35,418
53, 145
165, 930

49, 932
42, 936
53, 207
156, 744

46,484
47,839
55,450
170,485

35, 658
47, 527
53, 544
144, 987

37, 440
45,001
61, 618
168, 048

19, 312
51,473
50, 737
151, 045

173, 723
3
3
3

3

19, 585
46, 972
49, 871
149, 606

82

104

140

181

168

149

126

171

176

164

129

124

thous. of dolls ..
88,605
thous. of dolls. . 111, 595

89, 670
91, 663

85, 563
93, 327

88, 127
131,489

80,800
144, 520

75, 286
141, 359

4, 440, 751

H-5.5

+7.7

* 529, 330
« 172, 518
< 70, 627
4, 359, 558

+0.9

-2.9

1, 268, 741

1,101,467

-13. 2

+5.0 +91.2
-5.3 -4.2
+15.1 +23.6
+15.9 +12.3

296, 707
521, 079
605, 864
1, 667, 167

308, 004
455, 070
593, 253
1,797,779

+3.8
-12.7
-2.1
+7.8

-0.5 +16.4
+17.1 +8.9

813, 277
1, 106, 701

926, 567
1, 143, 983

+13.9
+3.4

CANADIAN FOREIGN TRADE
Total trade:
Imports
Exports




. _

3

Revised.

4

87, 657
154, 009

Ten months' cumulative, ending Oct. 31.

PBLICATIONS OF THE
,f -" ^ ,tv Eecerit publications of the Pepartmenk of Commerce;
'>,;;,
\Btf8iNEsa arf-listed'below.v A complete list mayrbe q1^'4
^ v ; C merce, at .Wa^hing^on? Copies of the publications may .. _ x_s
,.._.
; \: Office, Washington, at the pric§ stated. If no price is .mentipped,

tenets of the STTBVET OF CURRENT
Bepartftaent of .Coin*
f tpqcume'nt&, QoVeriiment Printing
f ree.
,
,

/DEPARTMENT OF^ COMMgECB

for $%{p^^fra|felJQf material 'Jar the* use of Gxrr^s circulars of th£ -Bureau of
number may /be
-- >

Fourteeaffr Annual Report of the Secretary of
iA^> : xii4,2^ pages/ Price, 2<$; ",

•• ' • ; ; • _

. ' ' BUREAU ' OF TfHE CENSUS; '

m g j r a o m . . i -• x ,1 for Use Aroua4 Elec^cal ApparatusAor Circuits
|^)60 yolts to Grojmd, "4 pages. "

4

,<^0f 4ni0rmation ooncerBfeig plan of publication and distribution & eens
„/
^ ' , V tipns* adsress the^Birector of the Census) , t • :

^

bulletins, , (x
concerning Jatms^and farm property^
, etc. New^Yorjc, ' &3
v

ar Critical

££8 pageja, 17

. B. POW.—BulMM"
dealk^wtth the cause,
and
i petroleum. " A: biblfog-

©r the tern
ensus, by

ted States,
, orm o
leased
at

i, £riee

DOMESTIC
fJai^ir. .Eart.J ..,,...,,.,_
and imports
H£eisi
>«j.v?OU \«k
ol ;<v«a>'JtJM*J»Wvj''*'
ex&0itsvpf dv«.v* -%>>«'»'*\i^; jt*»vA«, w-i-tvvJfJ-viAJ^Wjf. M«JV«,
Aii».^y\_/A v** %%i$Lei^
Kjr^r ««.. v*wg.«i3
^f-ifsf October,
102£ an<fl^%: and for ID jtfioBttis ended^5c&$>%
:
-: *^, *; 4^5 >it3!9\, 1 §2& ^arl^ 11 f contains summaries ,o^f ^port and
import and
'awali,, and |*o»
" suBscripMon;
s;- 3W&ft%
t4fe^
^ i^es, 1f*hm is
-rend^ed. b^ &e
|i&rapll€t>
the
Market
_.
.
t^
of Per^aiig^ i)|istribatioa by Si^^^TJ
and IJ^E.^Way. n^f-i? page>* Itoce^^
r Jeannette M. Calvin.
,
**$$&& & brief ^ceouptt epthfe' toy Industry $;nd^ te.de of ,
;
<^mii<a?iea of rtfee worMC _•^ Price, W$.
*
,' ,
"
^4 IftteisatioBtal .Traded 19^ by J. J. Krai. Trade
-tioi^BiillBtiii" Ni),' 446,^11 -f-^T pages, :Priee, iOf., , • - =
Schedule ^> StatisUcal qia^sificaaon c^f B«ai0s
modities JEIxporte^"from the Waited States, t and Regulations
ag^ Statistical ,B&tiirp& t>f Exports of ifemestic
ee%4^tmarr4^
,--•

v

4 pages.

Jl

:

C: Fieldcer: :
; 1 plate *.

NAVIGATION
Navigaitioa-to the
for fiscal year ended June 30^ 1926.

FubWetted States, 1^^-^150 p'agos, 2
^ This p^bliea^ion is, a part *>f
vessels^of TO^ United -States. -

BUREAU
OF
"

t)JP FISHEftII%

V i- ;lAaa«al itfeport of^ike BarcHctor of A^e Bureau of Standards
^ ^/to i{^ Secretary^ of Cigmmerc^ for fisqal year end^d 3\
t *AH026. IvHscelHaiieo.us FuBlication Ho.
No. 75r iv4-49r.. - ^ '"

^
ye^r^ mdei l^ufie, SO, 1926,

Culture at
^
by
Carles.Sa^.?
J
. -_ .
£
illustratioiis, In ^fs fpubHcation
_ for-"a ^ terrapin^ fjajpiaj the? con* ,
selection o| br^e^ing; stopk, care

^: \ £&£%
illtistratioitf . , ^.Ip tHfe publication -are,;
'
4 * tiqnB ^simplified pra^ic^ as put in ojpef atidn by
'
^ ;to reduce cost, o{ pfod^fetioa. >A, Mbli^grap%r
v
"
'
^ r Simplified ^aMb6A^eco^ift^ida^oasI---iThose listed^i
ian be obf^sed At 5^ e^hr, - '
_
;
V- '^
No. 4. Asphalt, ^ii+11 page^Y
"
, > . . - . .
No, 5,3. Steel Spiral Bods ,(f<»^ Concrete BeinforcemenitX :
,
. 54. Sterling Silver.
Portal]Jje.K^^p Dlrwtioil

tlnl*0d Sttt^
e Secretary of 'pomineroe
for fiscal
t
11 maps.

v . : ; V; :
Lighthouses to the
fiscal yeat ended -June 30,M9JS6*
:

p]p. 40-430, IB
pi a radio directedfi&der
used for experimenl^l
v

'

•- .

>'*- ^

"

' -'- ^

^ of .CkAnian Web plates
, b^'Boberl Sv^olmston,
Techkolo^c
(Froioa ^Te^Ktiol^e1 papers, vol. 20? pjx.

: . - ;*:, .'/ *\

$&*ll^te




-*:,

"

.

, -. -v '-

'

'•

^c^^^$^^6^Mdner of Patbnifto
'<e ^ " ^ T ""^ *'•*"
1%"^ <
"~ V "

i*teia$&, vftepoi% of ,
, Jtoe -%, 1^2f. Btoihation
of
;
.
' Supplementary Mst^ef £iiWi0a*$biis of tfie Bttr
Technical 3tew4 Bufi^i, , BiM^eiribep, ; I$2
.
toif h^r publication coi^r^ items .describing tte -lAd^R^ :

:Pai>^ B97;iii
report on afft
ressure

plates,
tion,
st furnace

*_

x

^'
^ ^

t^tutes Concerning Registration of Trade-

fTEA
Aaaual R

ipervising Inspector General Steam~ t^;- Secretary.
^" Commerce^ v f '
"
>
v

pjk c^> M M '£B^' v;'
r=of Coi&iaeree^x

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^5*)V'^vK^^«<^^'^^"'!!f \*''? ' H9fe|?^iy ^QfMAit^BY^ Commissioner , V j , ^v
',:\^^^ ^^i^*!^^^' ^M^to^if^d.fieh^I isk^iirfi^"

' aid

of
,^|J gallery
tiatiOB 0f-wa

^fe^><*.\^^

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t of

teaefi^

v

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a»,anci

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nected ^i^\?<^"^^\lwd|^{m^'^
r i$M^«a^;$iw«is.:;; -j 4 :^; ^>. ^ v ';, ^ :<

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amtis?i
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cjjttdi-iKti^i
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and

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;^JV

OF COMMERCE
Commerce
Solicitor

icensing
n of aecV
^rts; ;fostfesag t^.air
, ki 1iefoaaBties| jteel disseinina-

^ - B^se^rc^oii iieliiini and qperalabn olplanta producing it.
Studies in ;t&e economics jwxd maf ketlng jof mii^rals and <«>lr
leefiofi-ef statistics on mineral resotircei and^mine accidents.
^le^lss^ianatlon of results of teeimieal ^nd economic
researches ^ia bulletins, 1«ehni0al papers, mineral .re
cureiilfes, and miscellaneous publieatknas.

OF FISHERIES
Commissioner
and <^rfbaiioa of food fish and
pretint^he (Jeple^oa of the^fisherie^ iaTes|igation§
sonservatioii. of fisfeery ^esojaraes; the developuaent of ^on£plerdlal fialeries and agricultute? study of tf^hary
mei^odB;" feoaprqy^ttetits in taeJehandismg ^nd 4<dle^Moa of
feherjr f f a^sMcij[ admiiiistTaiacm"^ ot Alaska fisheries and far
seala; and the protection of sponges off the ©dast of Slorida,
,
to

\;
JL P0i!NjbM, ComtnissioBer
" .:
Maintenance of JightEouses aad othet
to prater navigation. Estat>3ishment and maiiitenance
light Bists,. Buoy List?, and :p$foes to Mariar<fisg these, ^d« to navigation.

IC^AST AND <JEOBEflG
^^tey ©f:^£^ coasts of the United ^feites and publication df
charts for^ilie^nam^tion t>f.41e swiiaee^t ^waters, iiicluding
Ma&a,-tlie Jhfiippine Inlands, Hawaii, Borto Bieo, thV Vlr^ii
" S tte (^nal^one; interior, ebntrol «uTvey45; magj 1^e and curr^it observations; and
tfeniof results through eharts,
special pubHcatlonsi

eoB^
a prdduets ^1foB|i^ #duitteade 4(S^!^%et% and.
throi^^e^
uIa^, &$'&&

,^de tables,

OF NAVIGATION
, Commissioner.

:

of .registering, enrolling:, HcenWSr, numbering,
si un(fep,the IJnited ^ates flag, aad the annuft
, a list of such vessels.
.-*
: Enforcement of: ihe aayigatiofi andv steamboat inspection
s,fines,ionn%b ta^es, etc. .

and

INSPECTION SERVICE
:^T^NDA*l>S-x;r.^

teegipssi? N.^oovBBjSu^vimaglasj^etQr Gjefieral
, 3$fe in^ecti&ti ojf merchant vessels, !acludisg: boilers, hulls,
and life-saving equipment, Mgeasiag^of officers of vessels, certification of able seamen and lifeboat men, and the investigation
of yiolaU^s of steamboat inspeetion fewa, ^
V'- .

:
- ^ ^^f^Rl «t»l«8K Ult UU$kUCJtl2%.l.iS CfcliVl:-J*l \J\jVZSKKsiSy

^•ttBtt'jEBd'tf^pteat b^tes f^orta%,t@siflls-rf;t^i^[f[^
?^fu^Kdaeatal1«elS^efi^^,r
< C
^.fdr <3@*

v
n
C
v x , -" " N-J-^.

it: ^ " v -4(tticariba' ^
"\

1

*"Jil. -

*

*.

'




llUliED SPATES PATENT 0FKLCE

«*l-ltC ^#« Ml*^^»ViVU,.AZJl 4

in oo

"«••"--

^ 3Sie^antlnf of pi^nts and!the,Tegisti:atioa of trade-marks,
^prmts; aindJabefa
afte? technieal exananatioii ana judicial prov
ceedings.
;
;. MitetfinaBc0;0f library 3«dth^ pubUc search rooni^ containing
copef ol^ foreign *&& IJhited States patents lad tr^dermarks,
Recording bills of sale, assignments, etc., relating to patents
l£nd trade-marks. ^ Furnishing copies ol records ^rtainiag 4c
-patea^.
.:^ ^ ~ ^ ' _
," C
- .^^ ^ - i - .- ,; 'i FutKca^oa 6f t^ie weekly Official Gazette, sMwing the patents and trade-marks issued. ~
- /- -

r
htazards
*

^

- RAMO
W. p*^BBBM*, Chief -;"v !.

stations oa s^ps; inspection of ra^b &$ations on shorer including broadcasting stations; licenaing radi(
statioa
,7— -^^.and settficg international radio accounts.