Full text of Survey of Current Business : January 1927
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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$2 . toif h^r publication coi^r^ items .describing tte -lAd^R^ : :Pai>^ B97;iii report on afft ressure plates, tion, st furnace *_ x ^' ^ ^ t^tutes Concerning Registration of Trade- fTEA Aaaual R ipervising Inspector General Steam~ t^;- Secretary. ^" Commerce^ v f ' " > v pjk c^> M M '£B^' v;' r=of Coi&iaeree^x ^4^1^^C^'^'5'^>' iV^fiV *'. ». ^' v . -*r v ^ : ' k "" v 'x *'"•'*' Y ->VS V" ^*/r - ' "'^ • " '"• ^V ^5*)V'^vK^^«<^^'^^"'!!f \*''? ' H9fe|?^iy ^QfMAit^BY^ Commissioner , V j , ^v ',:\^^^ ^^i^*!^^^' ^M^to^if^d.fieh^I isk^iirfi^" ' aid of ,^|J gallery tiatiOB 0f-wa ^fe^><*.\^^ te i t of teaefi^ v «Qtt^^rAd9^i|i\^ *^*\m^7£&&- a»,anci t^Mi W# illiit 'i -V^-.^VH/'^ " j 1 -:, TJw •>/»'.-•, fetf nected ^i^\?<^"^^\lwd|^{m^'^ r i$M^«a^;$iw«is.:;; -j 4 :^; ^>. ^ v ';, ^ :< '/;>;;,-!,{;, ;5',c:^ l**»lwl ':r1%l1 * , -*:i*^Aif8Wj|OT?^ i®, :- ; * * -ii; v s " • •• -" (|R^ £^f5^ ft Ztffiftlg; ' ''/* r* ^"->.;•"* v "P. ^/*" v "" *'" "^""" x "*- 3-~*-£**V*~c^¥TL ^MH/^%^'*'ij;| ^•n.^^i* *-- f !^!* --' f ^-* Inc amtis?i »*M?P» j> 'V>AiHt*U^t** cjjttdi-iKti^i \4W»fc and iAA.\. ;^JV OF COMMERCE Commerce Solicitor icensing n of aecV ^rts; ;fostfesag t^.air , ki 1iefoaaBties| jteel disseinina- ^ - B^se^rc^oii iieliiini and qperalabn olplanta producing it. Studies in ;t&e economics jwxd maf ketlng jof mii^rals and <«>lr leefiofi-ef statistics on mineral resotircei and^mine accidents. ^le^lss^ianatlon of results of teeimieal ^nd economic researches ^ia bulletins, 1«ehni0al papers, mineral .re cureiilfes, and miscellaneous publieatknas. OF FISHERIES Commissioner and <^rfbaiioa of food fish and pretint^he (Jeple^oa of the^fisherie^ iaTes|igation§ sonservatioii. of fisfeery ^esojaraes; the developuaent of ^on£plerdlal fialeries and agricultute? study of tf^hary mei^odB;" feoaprqy^ttetits in taeJehandismg ^nd 4<dle^Moa of feherjr f f a^sMcij[ admiiiistTaiacm"^ ot Alaska fisheries and far seala; and the protection of sponges off the ©dast of Slorida, , to \; JL P0i!NjbM, ComtnissioBer " .: Maintenance of JightEouses aad othet to prater navigation. Estat>3ishment and maiiitenance light Bists,. Buoy List?, and :p$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.