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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
JANUARY, 1929
No. 89

COMPILED BY

BUREAU OF THE CENSUS
IN COOPERATION WITH

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
,

>

AND;

,

BUREAU OF STANDARDS

IMPORTANT NOTICE
In addition to figures given from Government sources, there are also incorporated for completeness of
service figures from other sources generally accepted by the trades, the authority and responsibility
for wtiich are noted in the *' Sources of Data " on pages 139-142 of the August, 1928, semiannual issue
1

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Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 40 cents, semiannual Jssues, 25 cents.
Foreign subscriptions, $2,25; single copies (monthly issues), including postage, 14 cents; semiannual issues, 36 cents. Subscription
price of COMMERCE llBpo&TS is $4 a year; with the SURVEY, $5.50 a year. Make remittances only to Superintendent of Documents,
Washington, D. C, by postal money order, express order, or New York draft. Currency at sender's fisk. Postage stamps or foreign
money not accepted,

,


, •,

/

B . *. « O V E R H M E H T PRIKTIIH OFFICE i >92»

i

INTRODUCTION
The SUBVEY ofr 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. The figures reported
are very largely those already in existence. The
chief function of the department is to bring together
these data which, if available at all, are scattered
in hundreds of different publications. A portion of
these data are collected by Government departments,
other figures aira compiled by technical journals, and
still others are reported by trade associations.
At semiannual intervals detailed tables &re 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
ps soop. as they appear (see August, 1928, issue). In the
intervening mbnths the more important comparisons
only are given in the table entitled " Trend of business movements."
i

E

WEEKLY SUPPLEMENT

Realising th^t current statistics are highly peri^hable and that to be of use they must reach the business
man at the earliest possible moment, the department
has arranged to distribute supplements every week to
subscribers in the United States, The supplements are
usually mailed on Saturdays and give such information
as has been received during the week ending on the
preceding Tuesday. The monthly information contained in these bulletins is republished in the SURVEY,
and the supplements also contain charts and tables
of weekly data*
RELATIVE AND INDE# NUMBERS

To facilitate comparison between different important items and td chart series expressed in different
units, relative numbers (often called "index numbers," a term referring more particularly to a special
kind of number described below) have been calculated. The monthly average for 1923-1925 has
usually been used as a base equal to 100.
The relative numbers are computed by allowing the
monthly average for the base year or period to equal
100; If the movement for a current month is greater
than the base, the relative number will be greater than
lOb/and vice versa. The difference between 100 and
the relative number will give at once the per cent
increase or decrease compared with the base period.
Thus a relative number of 115 means an increase of 15
per pent 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.
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 period^ are made in the same manner as in
the case of relative numbers.
RATIO CHARTS

In most instances the charts used in the SUBVEY
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 allow direct comparisons
between the slope of one.curve and that of any other
curve regardless of its location on the diagram; that
is, a 10 per cent increase in an item is given the same
vertical movement whether its curve is near the bottom or near the top of the chart. The difference
between this and the ordinary arithmetic form of
chart can be made clear by an example. Jf a certain
item having a relative number of 400 in one month
increases 10 per cent in the following month, its
relative number will be 440, and on an ordinary
chart would be plotted 40 equidistant scale points
higher than the preceding months. 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 difficulty and give to each
of the two movements exactly the same vertical rise,
and hence the slopes of the two lin£$ are directly
comparable. The ratio charts cpmpare percentage
changes, while the arithmetic charts compare absolute
changes.
RECORD POOK

As an aid to readers in comparing present data
with monthly statistics in previous years, the department is compiling a BECORD BOOK OF BUSINESS
STATISTICS, in which data now carried in the SURVEY
OF CURRENT BUSINESS are shown by months as far
back.as 1909, if available, Full descriptions of the
figures and reports of how the data are u£ed in actual
practice by business firms are contained in the RECORD
BOOK. The sections covering textiles and metals have
already been issued and may be obtained for 10 cents
per copy from the Superintendent of Documents, Government Printing Office, Washington, D. C. (Do not
send stamps.) Notices of other sections will be given
in the SURVEY as they are issued.
METHODS OF USE
Methods of using and interpreting current business
statistics have been collected by the department
from many business concerns and are described in a
booklet entitled "How to Use Current Business
Statistics/' together with methods of collecting statistics. This booklet may be obtained from the
Superintendent of Documents, Government Printing
Office, Washington, D. C., at 15 cents per copy. (Do
not send stamps,)

This issue presents practically complete data for the month of November and contains text covering the early weeks
of December (page 1), for which the basic figures in table and chart form are presented regularly in the weekly supplements.
As most data covering a particular month's business are not available until front 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 date, but the weekly supplements give
every week the latest data available.


UNITED STATES DEPARTMENT OF COMMERCE

SURVEY OF
CURRENT BUSINESS
C O M P I L E D BY

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

BUREAU OF FOREIGN AND DOMESTIC C O M M E R C E AND B U R E A U OF STANDARDS

No. 89

WASHINGTON

January, 1929

CONTENTS
SUMMARIES

Preliminary summary for December
Business conditions in November
Monthly business indicators (table and chart)
Wholesale prices (table and charts)
Indexes of business
Automobiles, building, mining, manufacturing (charts)
Electric power, transportation (charts)

Page
1
4
2, 3

6, 7
15
8
8

NEW DETAILED TABLES

Movement of wheat prices __
Flaxseed movement at Minneapolis and Duluth
Mill receipts of flaxseed at Duluth and Superior
Loan rates of agricultural land banks.
Composite prices for specified commodities

18
19
20
20
20

INDEX BY SUBJECTS

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

Text
page
9
10
11
11
11

12
12
12

__
_
_ _
_
_ _
_ _

13
14
5
14
14
14

Table
page
21

23
27
26, 28
29
29
30
31
33
34
35, 39
39
41
42
43
46

PRELIMINARY SUMMARY FOR DECEMBER
The volume of money turnover during the early
weeks of December, as indicated by check payments,
was greater than in either the preceding month or the
same month of last year. Steel plants, though showing less activity than in the preceding month, due to
seasonal conditions, were on a higher operating plane
than a year ago. The value of new building contracts
awarded was on about the same level as in the corresponding period of 1927. Activity in the automobile
industry, as reflected by Detroit factory employment,
was seasonally smaller than in November, but was considerably greater than in December a year ago. Early
reports from trade sources indicate larger retail sales
than a year ago by mail-order houses, 10-cent chains,
and department stores.
Loans and discounts of Federal reserve member
banks were higher than in the previous month, showing a substantial gain also over a year ago. Interest
27541—29
1



rates on time money continued to average higher,
while call-money rates during December reached a
new high point for recent years. Stock prices recovered partially from the break which occurred during the first week of the month, while bond prices
averaged lower than in either the preceding month or
the corresponding period of last year. The Federal
reserve ratio continued to reflect declines from both
periods.
The general index of wholesale prices averaged lower
than in November, but was fractionally higher than a
year ago. Prices for wheat showed only little change
from the preceding month but were lower than a year
ago, while cotton prices averaged higher than in either
period. Prices for iron and steel and copper were also
higher than in either the preceding month or December
a year ago. Business failures were less numerous than
in December of last year.

MONTHLY BUSINESS INDICATORS, 1923-1928
[Ratio charts—see explanations on inside front cover. The curves on check pa3/ments, wholesale trade, sales of mail-order houses and 10-cent chains, and department
stores have been adjusted for normal seasonal variations, and manufacturing production for the varying number of working days in the month as well]

1824 !

1925 \ !92_6_l J827_ I J928

!Q2^_l_j925_j_!926__i_l_?27_! J928_
FACTORY'EMPLOYMENT

~~

j
I
! PIG IRON PRODUCTION I
j
11 i i I i . ! i ! ! U.lLJ._LLJ_L-L-Llj_i-.Lj_L-Li-.Li : , I i • l^jJ_LJ.-L-L-^LJ-'..i-L-!-:-La-Ll-LJ-L^i-




COPPER PRODUCTION

•

Lj-L-LJ-LU-i-Li-iJ I i i-.i.j-1-Lj..j-i i I

r
r^^J
^^.Li
1—^J^^L

TRIAL STOCKS

BUlLDSSvG, CONTRACTS (FLOOR SPACE
I-Li-l ! I I J-l-i I I .L^J-JLLJ-LL-l.ll-I-L

1926 1 1927 I 1928

"~!2
In

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

1923

ITEM

1924

1925 i 1828

192S

1927

1927 Sept

Oct.

Nov. Dec.

Jan. Feb Mar Apr. May June July Aug. 1 Sept Oct. Nov.

1923-1935 monthly average— 100
Industrial production:
* Total manufacturing
* Total minerals
Pig iron
Steel ingots _ .
Automobiles
Cement
Lumber (5 species)
Cotton (consumption).
Wool (consumption)

101.0
105.0
111.7
104.8
101.5
92.1
98.6
105.9
112.8

Raw material output:
Animal products
Crops
._ _ __
Forest products
Crude petroleum
Bituminous coal
Copper .

100.0 104.0 96.0 96.0 97.0 87.0 95.0 92.0 88.0 96.0 94.0 97.0 95.0
92.0 104.0 104.0 109.0 113.0 183.0 219.0 166.0 120.0 98.0 81.0 77.0 81.0
99.0 97.0 104.0 98.0 93.0 98.0 96.0 93.0 86.0 81.0 87.0 96.0 96.0
99.4 96.9 103.7 104.6 122.3 123 6 12fi 3 121 3 122. 1 117.8 110.9 122.2 117.5
108.0 92.5 99.5 109. 7 99.4 95 9 104 6 92 9 94.4 101.5 94.9 100.9 73.9
93.4 100.2 106.4 110.2 104.9 100.0 108.1 103. 2 101.9 103.8 102.2 106.6 105.7

.

_

Power and construction:
Electric power
Building contracts (37 States)
Unfilled orders:
General index
U. S. Steel Corporation

_..

92.5
89.7
121.7
125.8

94.0
96.0
86.7
88.7
90.9
99.8
96.2
89 7
94.6

105.0
99.0
101.5
106.4
107.7
108.1
105.2
104. 4
92.6

108.0
107.0
109.0
113 1
108.5
110.0
101.5
108.5
8S.7

106.0
107.0
101.0
104.6
85.7
115.3
94 9
120.3
97.0

105.0
105.0
92.9
94.6
78.8
140.8
105. 8
122 3
101.6

102.0 98.0 99.0
105.0 101.0 103. 0
93.2 88.6 90.2
95.9 90.5 91.9
66.5 40.7 40.5
138 2 116 8 96.5
101.5 94 4 82.9
119.5 122 1 105. 0
103.7 67,8 88.0

107.0
103.0
96.1
115.4
70.2
78.6
75 8
114.2
95.2

111. 0
103.0
97.1
117.0
98.1
70.8
86.7
111.6
102.0

110.0
105.0
107.1
130.4
125.2
82.3
96.3
113.3
98.7

110.0
103.0
106.6
124.5
124.2
108.4
98.4
102.3
82.0

110.0
105.0
109.9
121.6
129.0
139.0
101.2
112.5
92.7

110.0
99.0
103.1
108.3
120. 2
140.6
97.4
99.5
87.1

111.0
101.0
102.8
110.3
118.7
140.4
92.7
85.7
80.4

113.0
105.0
105.0
120.9
139.7
150.7
90.4
102.6
95.2

116.0 114.0
108.0 114.0
102.5 112 9
120.0 134 5
125. 8 120 3
143.7 141. 1
79.1
95.9 120.6

111.0
114.0
110.5
123 2
77.8
121 2

119.0 |
108.6 105.7 !

"

108.0 116.0 108.0 97.0 92.0 102.0 92.0
72.0 52.0 87.0 114.0 178.0 251. 0 178 0
101.0 97.0 88.0 90.0 78.0 84.0
122.5 118.1 122.9 126.8 124.5 129.8 123.4
84.1 82.6 83.3 94.4 94.8 115.6 105 7
111.8 111.0 111. 3 116.7 118.8 131.1 129.6

98.1 109. 6 122.6 133.3 131.7 ;38.2 137.1 143.8 144.9 137.0 144. 5 136 7 142. 1 139.8 142.4 149 8 145.2 158.0 154.6
92.7 117.6 111.0 106.8 101.9 115.0 105.2 95.2 96.0 103.7 132.7 142.4 143.5 142.2 123.7 118.8 114. 2 119.1 111.1
91.3
90.6

87.0
83.6

84.6
82.1

74.0
71.1

6fl.9
65.9

87.0
70.0

67.1
72.4

71.5
83.2

81.2
89.5

81.6
92.1

81.4
90.8

76.8
81.1

73.9
71.6

75.2
76.2

77.1
74.8

74.7
75.9

74.7 71.5
77.4 78 6

72 9
76 9

Stocks:
General index
Manfd. commodities (28)
Cotton
Copper (refined)

94.5 102.0 103. 5 114.6 120.5 119.9 132.1 134.6 133.4 129.0 130.0 127.0 122.0 116.0 109.0 104V0 107.0 115.2 132.2 135.6
93.8 103.2 103.0 106.3 111. 5 114.0 108.6 110.7 111 6 115.0 120.0 120.0 119.0 118.0 119.0 117.0 114.0 109.3 108.7 112.1
102.5 91.4 106.2 145.5 153.2 135.1 179 3 200 2 195.9 178.8 159.1 135.8 117.7 95.5 74.7 58.6 52.4 89.5 155.1 181.4
106.4 113.9 73.1 64.8 85.4 76.4 74.1 80.3 84.2 85.2 76.8 77.1 64.4 58.6 52.0 48.5 48.4 45.8 40.3 46 1

Employment:
Factories _

106.6

96.3

97.8
99.7
97.6
98.1

97.1
97.2
97.6
99.9

Prices:
Farm products, to producers
Wholesale, all commodities
Retail food
Cost of living (including food)
Distribution (values):
Bank debits, 141 cities
Wholesale trade
Department stores, sales
Mail-order houses, sales
10-cent chains, sales
Imports
Exports

97.2

98.0

94.3

93.8

93.4

91 6

90.7

89.8

91.2

91.8

91.4

91.2

91.3

90.3

91.7

93.1 93.9

106.6 98.6 94.9 101.4 100.7 99.3 99.3 99.3 97.8 99.3 101.4 107.2 105.1 105.1 100.7 102.2 99
102.6 99.1 95.4 95.6 96.1 95 8 95.9 95.4 95.5 95.1 96.5 97.7 96.7 97.4 98.0 99.2 96
104.9 107.6 103.6 102.9 104.3 104 6 104.2 103.6 101.3 101.2 101.6 102.8 102.0 102.1 103.0 105.4 104
102.3 102.3 99.9 99.3 99.6 99.9 99.9 99.2 98.4 98.1 97.9 98.4 98.0 es.o 98.0 99.3 99
130.7
91.0
105.0
117.0
144.0
110.1
128.7

132.1
95 0
107 0
119.0
140 0
106. ft
121.4

136.9
93.0
111.1,
128.0
147.0
102.5
107.4

97.6 102. 8 106.8 104.0 130.0 80.9
95.9 101.9 109.1 101.5 115.1 122.1

95.2
99.8

96.8
92.7

121.4
92.8
92.2
114.9
171.6
190.0
85.3

123.2
92.8
86.5
116. 6
171.1
193.7
120.9

91.2 96.7
101.0 98.0
98.0 99.0
92.0 98.0
__ . 88.0 99.0
97.8 93.1
91.5 100.8

111.9
101 0
103.0
110.0
113.0
109.0
107.8

119.6
98.0
106 0
115.0
125.0
114.3
105,5

132.5
95.0
106 0
120.0
138 0
107.9
106.8

141.0
96. 0
109 0
122 0
141.0
105.9
112 0

142.1
95.1
105.0
113.0
140.0
104.6
108.2

149.6
97.0
105.0
116.0
142.0
108.7
97.8

164.8
92.8
105.0
113.0
142.0
117.8
110.8

161.8
89.2
103.0
117.0
147.0
1C6.9
95.9

168.8
96.2
104.0
132.0
144.0
109.6
111.1

165.4
89.2
104.0
144.0
153.0
98.2
102.3

140.4
93.7
108.0
153.0
148.0
98.4
99.8

149.9
98.5
106.0
160.0
144.0
107.3
100.1

93 5

3 97 1
9 f5 8
8 105 1
3 99.3

156.9 161 0
94.1 94 8
120.0 105. 0
154.0 140 0
165. 0 148 0
99.0 110.0
111.1 145.1

165 1
96.9
107.0
141.0
151.0
101.2
143 8

»

Transportation:
* Car loadings
Freight, net ton-miles.. .

99.8
102.2

Finance:
Member bank loans and discounts. 94.1
Interest rate (commercial paper) . . 116.2
Federal reserve ratio
99.0
Price, corporation bonds . .
96.4
Price, railroad stocks
86.0
Price, industrial stocks.
86.1
Failures (liabilities) . _
106.0




98.5
90.0
104.1
99.9
96.1
91.9
106.8

107.4
93.5
96.9
103.6
117.9
122.0
87.2

112.9
100.9
96.0
108.0
133.4
132.4
80.4

117.3
95.4
99 1
112.5
162.7
171.4
102.3

119.3
92.8
98.8
113.4
171. 5
193.9
77.3

120.0
92.8
96.4
114.4
168.5
186.4
85. f>

* Seasonal adjustments.

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

120.9
92.8
96.0
115.8
164.7
191.2
106.3

123.3
95.8
95.6
115.7
170.1
204.8
129.3

83.0 106.4 127.0 82.0 102.9 132.4 852 105 8
96.1 105.2 100.0 105.0 113. G 117.3 129.2
127.3
101.6
90.9
116.0
176.0
210.4
82.5

126.9
104.4
89.2
115.0
178.9
213.6
85.2

128.4
113.2
84.7
112.3
169.6
202.1
66.0

126.6
119.0
88.9
110.9
170.3
206.1
69.8

125.6
124.8
90.0
109.8
173.8
213.4
137.3

127.3 128 3 129 8
130. 6 127.6 124.8
86.5 870 84 5
111.0 111 3 112 0
178.5 176 4 186 0
226.9 234.5 252 6
80.1 fc2 5 95.8

BUSINESS CONDITIONS IN NOVEMBER
PRODUCTION

Industrial production during November, according
to the weighted index of the Federal Reserve Board,
showed a decline from the preceding month, after
adjustment for seasonal changes, but was 13 per cent
higher than a year ago. The principal gains over last
year occurred in automobiles, iron and steel, nonferrous metals, and rubber tires, where the increases were
more than 15 per cent. Mineral production, after
adjustment for seasonal conditions, also showed a
decline from the previous month and a gain over last
year.

last year, all groups showed larger unfilled orders,
except textiles, which were lower.
Wholesale trade in November was larger than a
year ago, all lines showing larger sales volume than
a year ago, except boots and shoes and women's clothing, which declined, and groceries, which showed no
change. The largest gains over last year in wholesale
trade were registered by meats and furniture.
Sales by department stores showed no change from
the preceding year, but were fractionally lower than
in October. Merchandise stocks held by department
stores at the end of November were greater than in

PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1923-1925 monthly average=100. Adjustment has been made for the seasonal movement and relative number of working days for production. Unfilled orders are
principally those of iron, steel, building materials, and textiles. November, 1928, is the latest month plotted]

1924

1923

1925

COMMODITY STOCKS

Stocks of commodities held at the end of November
were higher than at the end of either the previous
month or November a year ago. The increase over
last year was due to slightly larger stocks of manufactured goods, raw materials showing no change in
inventories.
SALES

The general index of unfilled orders was higher than
at the end of either the previous month or November,
1927. As compared with October, all groups showed
larger forward business except transportation equipment, which declined. Contrasted with November of




1926

1927

1928

the previous month, but smaller than a year ago.
Mail-order houses showed larger sales volume than
in November of last year, but registered the usual
seasonal decline from the preceding month.
Chain 10-cent stores likewise reflected gains over a
year ago and a seasonal decline from the previous
month. Sales by shoe chains were greater than in
either prior period. Grocery chains showed larger
sales volume than a year ago, but a decline from the
preceding month, while wearing-apparel chains, showing no change from the previous month, recorded
larger business than a year ago. Other chain-store
types, including drugs, cigars, and candy, reflected
larger business than a year ago.

PRICES

EMPLOYMENT

Wholesale prices, although lower than in October,
showed no change from the last year. As compared with October, all groups were lower in price
except metals and metal products, and building materials, which advanced. Contrasted with a year
ago, declines in the prices for farm products, foods,
textiles, chemicals, and house-furnishing goods were
offset by increases for- hides and leather products,
fuel and lighting, metals and metal products, and building materials. Classified by State of manufacture,
all groups showed declines from the previous month
except semimanufactured articles. As compared with
last year, the decline in raw materials was offset by
the advance in prices for finished products. Commercial indexes showed higher prices to have prevailed
in November than in the preceding month.
The index of prices received by farmers for their
produce was lower in November than in either the
preceding month or November, 1927. The increase
over October in prices for dairy and poultry products
and certain unclassified items was insufficient to offset
declines in grains, fruits and vegetables, meat animals,
and cotton. Increases over a year ago in prices for
meat animals and dairy and poultry products were
insufficient to offset declines in the remaining groups.
The cost-of-living index was no higher than in the
previous month but showed a change from a year ago.
Food prices were higher than in either period.

Industrial employment, as reflected by the'general
index of the Department of Labor, showed practically
no change from the preceding month, but was higher
than a year ago. Compared with October, larger employment was registered in the textile, iron and steel,
paper and printing, and nonferrous metal industries,
while declines were recorded in leather, stone, clay
and glass, and vehicle factories. Contrasted with last
year, all industrial groups showed larger employment
except textiles, leather, stone, clay and glass, and tobacco products, which declined, and paper and printing, which showed no change.
. Employment data from several States showed more
employees on the pay roll than in the preceding
month for Massachusetts and New Jersey, with declines from October registered for New York State,
Maryland, Iowa, Illinois, and Wisconsin. Contrasted with last year, employment was greater in November, in the aforementioned States, except Massachusetts, New York, and Maryland.
Factory pay-roll payments in November showed a decline from the previous month, due to the shorter month,
but were 4 per cent greater than a year ago. All groups
showed smaller payments than in October, except paper
and printing and nonferrous metals, which had larger
payments. As compared with a year ago, all industrial
groups showed gains except textiles, lumber, leather,
stone, clay and glass, and tobacco products.

WEIGHTED PRICES FOR WHEAT

N0.2 RED WINTER, ST LOUIS

^^

v\ •'^ ~"^ s--—/

/ x-v--'

X.

^-x

I 1.00

, , !, , 1 i ,1, i

, ,1 , .11, 11, , , I ,, 1,, 1,, 1 .1, , 1 1 1 11.

i . ! i , 1 i , 1 i i

I, 1, ,1,, 1,,

f\ V-

^^^"" *** "

i ,i .,i ,1 11,

NO. 2 HARD WINTER, KANSAS CITY

*••..

v\

/

..--.

..
"""*•.

'•••.•'*"••-.. ...

""""

\

** •••*•

, ,1, ,1, ,1,, , 11 1111, 1, ,
1920

1921

i , 1,, !,, 1. ,

1922

, ! , , ! , ; ! , ,

1923

I , I , , 1I 111, • 1 1., 1, , 1.1 ,, 1 , , 1 , , 1,,
1925
1926
1924

. , ! . , 1 , , 1 . ,

, , 1 . i 1 . , 1 . .

, , 1 , i 1 , , 1 , .

1927

1928

1929

NOTE.—The data presented on wheat prices have been changed, in cooperation with the Bureau of Agricultural Economics of the U. S. Department of Agricul
ture, to show average prices of cash sales of the most'important types of wheat in the three leading primary markets in the producing centers. This chart shows
http://fraser.stlouisfed.org/
the movements of these prices monthly since the beginning of 1920. The numerical data since the beginning of 1909 are shown on page 18 of this issue.
Federal Reserve Bank of St. Louis

6

Wages for common labor showed no change from
the previous month but averaged higher than a year
ago. Industrial lay-offs in November were considerably smaller than in either the previous month or

November of last year. Industrial accessions, though
smaller than in October, were substantially larger
than a year ago. Discharges were smaller than in
October but greater than in November, 1927.

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
[Relative numbers, 1926 monthly average taken as 100. November, 1928, is latest month plotted. Data from which these charts are drawn are given on the opposite page]

WHEAT .WINTER

OATS

CORN, NO. 2

FLOUR, WINTER

T~

HAMS, SMOKED

L.LL
SUGAR, RAW

SUGAR

RUBBER.CRUDE

COTTONSEED OIL

GRAN U LATE D

120 c

COTTON, RAW

*

k^

5:.8 4 ao 4 u« 5.4*• 4.
'V' j*-if

, ,.•

43.4 43.4

COTTON YARN

COTTON PRINT CLOTH

WOOL, 1/4 BLOOD COMBING

PETROLEUM

B ITU Ml NO US COAL

COKE

TIN

ZINC

CEMENT

BRICK, COMMON,

nun LU n i

—-_irnr
LEATHER, CHROME CALF

(40

100
60
120

100

so
60
120

!00
80
60

STEEL BEAMS

!!
i i
i [




••

•*'

<

LUMBER, PINE, FLOORING

...

«., rflk* *

5 TT-.

"*• • i .

i 1 1 i 1 1 i i § i g I i I 1 N I § i §i M i i I § i i i 1
1327.

!S28.

=

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
* N"OTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics, nonferron*i metals
from the Engineering and Mining Journal-Press, etcept tin, which Is from the American Metal Market. All other prices are from U. S. Departmeia of Labor, Bur tan of
Laoor Statistics. So far as possible all quotations represent prices to producer or at mill.
RELATIVE PRICK
ACTUAL PRICE

(dollars)

1926 average** 100

Unit

COMMODITIES

October, November, Novem- Septem- October, Novem- October,' Novem1928
ber, 1927 iber, 1928 1928 ber, 1928 1927 i ber, 1927
1928
i

FARM PRODUCTS—AVERAGE PRICE TO PRODUCER
Wheat.
Corn
Potatoes..Cotton
„
Cottonseed
_
Cattle, beef—
Hogs
Lambs

,
-

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

,

_

.
..

0.987
.847
.580
.181
34.08
.0983
.0955
.1157

FARM PRODUCTS-MARKET PRICE

0.971
.754
.560
.178
34.17
.0927
.0851
.1150

1.114
.737
.954 ,
. 2CO !
37.51
.OSOO
.0899
.1142

70
136
35
117
114
154
95
103

73
121
31
120
125
149
81
100

72
108
31
118
137
143
72

84
125
53
139
135
117
86
97

1.186
1.348
.897
.473
.553

78
91
131
99
97
105
93
105
117
170
101 i
83 |
103 !

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

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

82
87
116
116
119
105
134
120
102
150
90
80
101

82
88
114
119
121
111
116
116
104
167
77
83
99

108
104
92
128
132
76
107
107

85
91
107
102
89
131
137
71
111
107

i

Bushel
Bushel.
Bushel
Bushel
Bushel
Bushel
Cwt -.
Pound
Pound
Cwt
Cwt..
. Cwt
Cwt.

1.185
1.436
.937
.448
.617
1.053
12.077
.196
.54
14.625
10.030
5.350
13.075

9.896
.199
.55
14.281
9.019
5.313
12.688

1.264
1.354
.868
.512
.842
1.056
9.812
.203
.48
15. 938
9.469
5.469
13.581 i

Barrel.
Barrel
Pound
Pound
Pound
Pound
Pound
Pound
Pound
Pound

6.410
5.588
.039
.052
.099
.255
.282
.260
.48
.235

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

7.145
6.575
.047
.056
.106
.215
.234
.220
.50
.235

78
78
97
102
84
158
166
83
109
96

76 I
77 '
91
94
83
155
165
84
107
103

74
76
89
92
81
154
154
79
113
103

.372
.078
.090
1. 575
.975
2.008
1.998
5.145
10. 290

.375
.078
.090
1. 550
.975
2.008
1.998
5.047
10. 290

.383
.083
.110
1.400
1.000
1.913
2.048
4.802
10.780

100
98
96
110
96
100
92
82
85

104 I
103 I
96 I
110 i
94 I
100 I
92
83
85

105
103
97
108
94
100
92
82
85

112
115
120
98
97
95
95
83

107
109
119
98
97
95

Hides, green salted, packers' heavy native steers (Chicago)......
I Pound
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
_ _ _ Pound
Leather, chrome calf, dull or bright "B" grades (Boston)
Square foot.
Leather, sole, oak, scoured backs, heavy (Boston)
.... Pound
Boots and shoes, men's black calf, blucher (Massachusetts)
! Pair
Boots and shoes, men's dress welt tan calf (St. Louis)
„._-.____[ Pair

.219
.246
.550
.630
6. 750
5.000

.223
.242
.490
.590
6.750
5.000

175
159
125
148
106
102

156 j
142 I
121 i
144 j
106
102

159
140
108
135
108
102

168
125
113
126
102
102

172
132
113
126
102
102

FUEL
i
j
Coal, bituminous, mine-run (composite price)
Net ton
Coal, bituminous, prepared sizes (composite price)
Net ton
Coal, anthracite, chestnut (composite price). _.
Long ton...
Coke, Conuellsville (range of prompt and future) furnace—at ovens.... Short ton-.
Petroleum, crude, Kansas-Oklahoma—at wells
„ Barrel...._.

4.020
4.639
13.040
2.910
1. 210

4.008
4.603
13.040
2.869
1.210

4.160
4.800
13.389
2.825
1.230

97
103
97
71
66

96
100
97
69
65

18. 860
17.100
32.800
.1520
.199
. 0650
. 4897
.0625

19.385
17. 500
33.000
.1578
. 205
. 0039
.5075
. 0626

19.210
17.000
33.000
.1332
.183
. 0626
. 5763
.0575

M feet
Thousand..

37.73
12.50

37.58
12.00

Barrel..
Cwt.
Pound.
Ton
Cwt...
Cwt.._

1.600
1.850
.187
15. 500
2.525
3.250

1.600
1.900
.182
15,500
2. 525
3.250

Wheat, No. 1, northern spring (Minneapolis)-.
Wheat, No. 2, red, winter (Chicago)
Corn, contract grade No. 2, cash (Chicago).
Oats, contract grades, cash (Chicago)..
Barley, feeding (Chicago).
„
Rye, No. 2, cash (Chicago)
Tobacco, leaf, average sales, warehouse (Kentucky)
Cotton, middling upland (New York)
Wool, $i blood combing, Ohio and Pennsylvania fleeces (Boston)
Cattle, steers, good to choice, corn fed (Chicago)
„
Hogs, heavy (Chicago)
Sheep, ewes (Chicago)-.
Sheep, lambs (Chicago)
-

1. or.s

FOOD
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York).
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime yellow (New York)
Beef, fresh, carcass, good native steers (Chicago)
Beef, fresh, carcass, steers (New York).
Pork, smoked hams (Chicago).
Butter, creamery, 92 score (New York)
Oleomargarine, standard, uncolored (Chicago) _ _

.

„

.
j
'
|
I

_

TEXTILES
Cotton yarns, carded, white, northern, mulespun, 22-1-cones (Boston). Pound
Cotton-print cloth, 64 x 60-38H"-6.35—yards to pound
Cotton sheeting, brown 4/4 Trion (New York) — .
Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston)
Pound
Woman's dress goods, French, 39 inches at mills, serge
Yard
Suitings, unfinished worsted—IB-ounce, mill
I Yard...
Suitings, serge, 11-ounce, 56-58 inch..
_.! Yard
Silk, Japan, 13-15
_
_
...I Pound
Hosiery, women's, pure silk, mill
j Dozen pair.
LEATHER

j
.242
.228
. 510
.550
6.500
5.000

94;

98

95 I
70 i
64 !

METALS
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Brass, sheets, mill.
Lead, pig, desilverized, for early delivery (New York)
Tin, Straits (New York)
Zinc, slab, western (St. Louis)

Long ton..
Long ton..
Long ton_.
,_ Pound «...
Pound
Pound
Pound.
Pound

87
91
107
102
77
74
85

92
92
94
110
105
77
75
85

94
94
94
114
108
7(>
78
85

36.42
11.75

84
76

84
76

83
73

84

1.600
1.750
.376
15, 500
2.525
3.250

97
95
38
107
88
94

97
95
39
107
88
94

97
97
38
107
88
94

97
92
71
104
88
94

78

BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, mill
Brick, common red, domestic building (New York)
Cement, Portland, net without bags to trade, f. o. b. plant (Chicago
district)
Steel beams, mill (Pittsburgh)...
Rubber, smoked sheets (New York)
Sulphuric acid, 66° (New York)..
Wood pulp, sulphite, domestic, unbleached, news grade (New York)..
Newsprint, rolls, contract, mill




71

i

81
71
97
89
78
107
88
94 i




8
NEW BUILDING CONTRACTS AND AUTOMOBILE PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]

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

1928

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

1928

9
REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES
decline from the previous month but were larger than
Imports of wool showed a substantial decline from last year, while for the 11 months ended in November,
November, 1927. Consumption of wool in November silk deliveries were almost 4 per cent larger than in
was somewhat smaller than in October but showed a the same period of 1927. Stocks of raw silk, held
gain over November of last year. Woolen machinery both at warehouses and manufacturing plants, were
was generally more active than in the preceding month lower than a year ago. More narrow looms were
or the corresponding month a year ago. Prices for active than in October but smaller activity was regiswool averaged higher than in either the previous month tered in broad looms and spinning spindles. The
price of raw silk averaged lower than in October but
or November, 1927.
Cotton consumption showed declines from both was higher than a year ago. Prices for silk goods
the previous month and November of last year. For were somewhat lower than in November of last year,
the first 11 months of the year consumption of cotton showing only slight change in the preceding month.
was 12 per cent smaller than in the same period of Imports of rayon were substantially lower than in
1927. Stocks of cotton held at the end of November, November, 1927, while for the year to date, rayon
THE TEXTILE INDUSTRIES
[Relative numbers, monthly average, 1923-1925, taken as 100. Where available, November, 1928, is latest month plotted]

both at mills and in public storage, were 9 per cent
smaller than a year ago. Raw-cotton exports show
gains over both periods. Cotton prices at wholesale
were generally higher than in October but showed
a decline from a year ago.
Cotton-spindle activity, reduced to a ratio to
capacity, showed gains in November over both the
preceding month and November of last year. The
output of cotton textiles also showed gains over both
periods. Prices of cotton goods were somewhat
higher than in October but showed declines in the
previous year.
Silk imports were greater than a year ago. Deliv
eries
of silk to consuming establishments showed a
http://fraser.stlouisfed.org/
27541—29
2
Federal Reserve Bank of
St. Louis

BOL

1923

111111
1924

, I.. I . . I.. I.. I . . I.., I,.
1927
1928

imports showed a decline from the same period of
last year amounting to more than 23 per cent. Rayon
prices were unchanged from either the previous month
or November a year ago.
Fewer men's and boys' suits were cut in October
than in either the previous month or October of last
year. Hosiery production in October was greater
than in September but showed a decline from the
same month of a year earlier.
Production of knit underwear in October was larger
than in either the preceding month or October a year
ago. Shipments of underwear also showed gains
over both periods. Textiles spread with pyroxylin
showed a considerable gain over a year ago.

10
METALS

Iron-ore shipments from the mines were larger
than last year. Pig-iron production, though showing
a decline from October, was considerably greater than
last year. For the 11 months ended November, pigiron output was 3 per cent larger than in the same
period of 1927. Wholesale prices for pig iron continued
to average higher as compared with both prior periods.
The production of steel ingots, although showing a
decline from October, was substantially greater than
a year ago, while for the first 11 months of the year,
steel-ingot output showed a gain over the same period
1

of the year showed a gain of 9 per cent over the same
period of last year.
New orders for machine tools continued to register
advances over both the preceding month and the
corresponding period of 1927. Unfilled orders for
machine tools were more than twice as large as a year
ago. New orders for foundry equipment, as well as
shipments, also showed gains over both periods.
Sales of mechanical stokers in November were larger
than in either the preceding month or the same
month of last year. Shipments of electric overhead
cranes, though showing a decline from October, were
larger than last year. Shipments of motorized fire-

THE METAL INDUSTRIES

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

EXPORTS, REFINED
l\

I

i

^rnuuuwnuN

j

M\ AI SI/.. V .

v\/ v |v -,...-

1923

1924

1926

1926

1927

1928

1923

1924

1925

1926

1927

1928

1923

S924

1925

1926

1927

S928

160r

1923

1924

1925

1926

1927

1928

of 1927, amounting to 14 per cent. Unfilled steel
orders at the end of November were somewhat lower
than in the previous month but were greater than
a year ago. The output of steel sheets by independent manufacturers showed a decline from October
but was larger than a year ago, with the total for
the 11 months ended November showing a gain
of more than 20 per cent over the same period of
last year.
The production of steel castings, though declining
from October, was greater than in November, 1927.
New orders of structural steel were greater than in
either the previous month or November a year ago.
Shipments of structural steel for the first 11 months



fighting equipment, though showing a decline from
the previous month, were larger than last year.
The mine output of copper showed a decline from
October but was greater than a year ago, with the
total for the first 11 months showing a gain of 8 per
cent over the same period of last year. Stocks of
blister copper in North and South America at the end
of November were somewhat larger than a year ago.
Exports of refined copper were considerably greater
than last year while for the calendar year to date,
copper exports showed a gain of about 8 per cent
over the same period of 1927. The wholesale price of
copper continued to average higher as compared with
both the previous month and November of last year.

11
FUELS

HIDES AND LEATHER

The production of bituminous coal was smaller
than in October but showed a gain over last year.
The output of bituminous during the first 11 months
showed a decline of 6 per cent over the same period of
last year. Anthracite production was lower than in
October but higher than a year ago, while for the year
to date, anthracite output showed a decline from last
year amounting to 5 per cent.

Imports of hides and skins in November were smaller
than a year ago, but for the first 11 months of the year
total imports showed a gain of about 15 per cent over
the corresponding period of 1927. Prices for cattle
hides averaged lower than in either the previous month
or November of last year, while prices for calfskins,
although averaging lower than in October, were larger
than in last year. The production of sole leather was
greater than a year ago. Exports of sole and belting
leather showed gains over both the previous month
and November of last year. Prices for leather averaged lower than in October but were higher than a year
ago. The output of shoes was smaller than in October
but greater than a year ago. For the calendar year
to date, shoe production was about 1 per cent|greater
than in the same period of 1927.

AUTOMOBILES AND RUBBER

The total production of automobiles, both passenger
cars and trucks, was smaller than in October but was
almost twice as large as in November a year ago.
For the calendar year to date, the production of automobiles, totaling 4,124,000, was 26 per cent greater
than during the first 11 months of 1927. For the pe-

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

1923

1924

1925

1926

1927

1923

1924

1925

1926

1927

1928

1923

1924

1925

1826

1925

1926

1927

1928.,

L-L.iJ-U-U.i-Lu-ijLjdj-lJ. I ! !,.

riod passenger-car production showed a gain of almost
28 per cent, while the output of trucks showed an
increase of about 18 per cent. The production of
automobile rims showed practically the same condition
reflected in the automobile industry.
Shipments of pneumatic tires in October were
smaller than in September but larger than a year ago.
For the first 10 months of the year domestic shipments
of pneumatic tires by manufacturers were 17 per cent
'°-er than in the same period of 1927. Shipments of
during the same period showed a gain of 6

1927.


1923

1927

1828

PAPER

The output of newsprint paper in the United States
was larger than in either the preceding month or
November of last year, but for the 11 months ended
November, the total production was 6 per cent lower
than in the same period of 1927. The Canadian output of newsprint in November also showed gains over
both prior periods, and for the 11 months ended November was 14 per cent larger than during the corresponding period of last year. Stocks of newsprint at
domestic mills were greater than a year ago, while
Canadian mills showed smaller holdings.

12
BUILDING AND CONSTRUCTION

STONE AND CLAY PRODUCTS

Building costs were generally higher than in either
the previous month or November a year ago. Prices
for building materials were generally higher than in
either period. The value of new building contracts
awarded, though showing a decline from October, was
greater than a year ago, while for the 11 months ended
November the total value of new contracts was
almost 7 per cent ahead of the same period of 1927.
LUMBER AND LUMBER PRODUCTS

The output of southern pine lumber was smaller
than in November a year ago. Douglas fir production
also showed declines from last year. The production

The output of face brick was lower than in either
the previous month or November of last year, but
shipments showed gains over both periods. Shipments of face brick during the first 11 months of the
year were 9 per cent larger than during the same
period of last year. Prices for common brick averaged
lower than in October but were higher than a year ago.
New orders for terra cotta showed declines from both
the previous month and the same month of last year.
The production of Portland cement, though declining from October, was greater than a year ago.
Cement production during the 11 months ended
November was 2 per cent larger than in the same
period of 1927.

THE AUTOMOBILE AND RUBBER INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. Where available, November, 1928, is latest month plotted]
500

1921

1922

192!

1923

1925

1926

1927

1928

of California redwood, northern pine, and walnut
lumber also showed declines from a year ago. Lumber
production during the first 11 months of 1928 was
lower than in the same period of 1927.
The output of oak flooring, although declining from
the preceding month, was greater than November a
year ago. Shipments of oak flooring were smaller
than in either period, but unfilled orders at the end of
the month showed gains over both periods. Prices for
soft woods averaged higher than in either the preceding
month or November a year ago. The production of
fir doors showed a decline from October, but unfilled
orders at the end of the month were greater.



1921

1922

iiiiini
1923

1924

1923

I92<

1925

1926

Mnlnlii'iili

192':7

1928

New awards for concrete paving construction
showed gains over both the preceding month and
November of last year, while for the year to date,
concrete paving awards, measured in area, were 28
per cent larger than in the same period of 1927.
The production of polished plate glass in November
was larger than in either the preceding month or the
same month of 1927, with the total for the 11 months
ended November showing a gain of almost 10 per cent
over the same period of last year. Production of
illuminating glassware during the first 11 months o"
the year showed a gain of 8 per cent over the <*
period of 1927.

13
FOODSTUFFS AND TOBACCO

The visible supply of wheat, both in the United
States and Canada, was greater than a year ago.
Wheat receipts at principal markets, however, showed
a decline from last year, while shipments were somewhat larger. Exports of wheat and flour showed a
substantial decline from a year ago, while for the first
11 months of the year, exports were 35 per cent smaller
than in the same period of 1927. Prices for wheat
were generally lower than in either the preceding
month or November a year ago.
The visible supply of corn at the end of November
was 65 per cent smaller than a year ago. Receipts

Receipts and shipments of hogs at primary markets
were greater than in either the preceding month or
November a year ago. Local slaughter of hogs made
similar comparisons with both periods. Cold-storage
holdings of pork products at the end of November
were larger than at the end of either the preceding
month or November a year ago. Prices for hogs
averaged lower than in either period, while prices for
pork, though averaging lower than in October, were
generally higher than a year ago. Receipts of poultry
at the principal markets were greater than in October,
but smaller than a year ago, while for the first 11
months of the year they showed a gain of 4 per cent

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

UNMANUFACTURED TOBACCO

and shipments of corn at primary markets were
greater than a year ago, however. Exports of corn,
including meal, were considerably larger than last
year. Prices for corn, though averaging lower than
in October, were 3 per cent higher than a year ago.
Receipts and shipments of cattle at primary markets
were lower than in October, showing declines also from
a year ago. Local slaughter of cattle also showed declines from both periods. Cold-storage holdings of beef
products at the end of November were considerably
larger than at the end of either the previous month or
the end of last year. Prices for cattle were lower than
in either period but prices for beef, though showing a
decline from October, were higher than a year ago.




over last year. Cold-storage holdings of poultry were
smaller than a year ago. Fish held in cold storage
showed a substantial gain over last year.
Receipts of butter at the principal markets, although
smaller than in October, were greater than a year
ago, the total for the first 11 months of the year to
date being smaller than in the same period of 1927,
Receipts of cheese were lower than in either period,
with the total for the 11 months ended November
showing a decline of 10 per cent from last year. Storage holdings of cheese were substantially greater than
a year ago.
Receipts of eggs were smaller than a year ago, but
storage holdings were considerably larger.

14
TRANSPORTATION

DISTRIBUTION

Carloadings in November were 11 per cent greater
than a year ago, but for the 11 months ended November, loadings showed a decline of only about one-half
of 1 per cent. Traffic through the Soo Canal was considerably heavier than a year ago. Vessels clearing
American ports showed larger tonnages than in November of last year. Freight-car surplusages were smaller
than a year ago. Shipments of railway locomotives
by manufacturers were substantially smaller than last
year, while unfilled orders were somewhat larger.
BANKING AND FINANCE

Check payments outside of New York City were
smaller than in October, but greater than a year ago,

MOVEMENT

Sales of mail-order houses and 10-cent chain stores
were lower than in October but showed substantial
gains over a year ago. For the first 11 months of the
year, mail-order houses showed a gain of more than
15 per cent over the same period of last year, while 10cent chain store sales showed a gain of about 8 per
cent. Magazine advertising was smaller than in either
the preceding month or the same month of last year.
Newspaper advertising, on the other hand, although
smaller than in October, was greater than a year ago.
Air mail dispatched was three times as large as in
November of last year. Dividend and interest payments scheduled for distribution in December were
greater than in either the previous month or the same

WHOLESALE TRADE
[Relative numbers, monthly average 1923-1925 taken as 100. November, 1928, is latest month plotted. Curves are adjusted for seasonal variation]

with the total for the 11 months ended November
showing a gain of almost 9 per cent over the same
period of last year. Loans and discounts of Federal
reserve member banks were larger than at any other
time on record. Bills discounted by the Federal reserve
banks showed gains over both periods. The Federal
reserve ratio was lower than in either period. Interest
rates on time and call funds were generally lower than in
October but higher than a year ago. New sales of life
insurance were smaller than in October but greater than
a year ago, with the total for the 11 months ending
November showing a gain of more than 7 per cent in the
value of new business over the same period of 1927.



DRUGS

HARDWARE AND FURNITURE
LI I 1 LjJua,Lu,i,LLLL.1

80

i > i .,! , , i t i
1923

1924

i i 1 1 i! i i l l i i i ! n ! i s i i i
1925

1926

1 ! I I I ! 1 1 I II

1927

i I 1 H I nil i

1928

month of last year. Dividend and interest payments
for the calendar year showed a gain of about 5 per
cent over the same period of last year.
GOLD, SILVER, AND FOREIGN EXCHANGE

Receipts of domestic gold at the mint were smaller
than in October and greater than in November of last
year. During November gold imports were larger
than exports, contrasting with a considerable export
balance during the same month a year earlier.
Exchange on the principal foreign currencies was
generally lower than a year ago, except for the
Japanese yen.

15
INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., by commodities or groups. They consist in general of weighted combinations of series of individual relative
numbers; often the individual relative numbers are also given. The function of index and relative numbers
is explained on the inside front cover. All of the index numbers, except where noted, are based on the average
or the years 1923 to 1925, while maxima and minima are given only since 1923, thus eliminating the abnormal
period prior to 1923. Complete descriptions and figures for earlier years may be found in the following issues
of the Survey (later data being available in the latest semiannual issues): Production, in the July, 1928, issue
(No. 83), pages 18 to 22; stocks in the August, 1928, issue (No. 84), pages 20 to 22; new orders in the September,
1928, issue (No. 85), page 19; unfilled orders in the January, 1928, issue (No. 77), pages 22 and 23; wholesale
trade in the January, 1928, issue (No. 77), page 21; mail-order and chain stores in the May, 1928, issue (No. 81),
pages 20 and 21; department stores in the April, 1928, issue (No. 80), pages 20 and 21; employment, based on
1923 as 100, in the August, 1928, issue (No. 84), page 108; farm prices, in the August, 1928, issue (No. 84), page
27; wholesale prices (Department of Labor), in the November, 1927, issue (No. 75), page 24, and the June, 1928,
issue (No. 82), page 23; wholesale prices, commercial, in the August, 1928, issue (No. 84), page 26; cost of
living in the August, 1928, issue (No. 84), page 27, and the June, 1926, issue (No. 58), page 24.

Relative to 1923-1925 monthly average as 100

Maximum
since
Jan, 1,
1923

Minimum
since
Jan. 1,
1923

1927

1928

Septem- October
ber

Novem- Septem-j October
ber
ber

PER CENT INCREASE (+)
OR DECREASE (— )

i

November,
1928, from
October,

November

1928

1

November,
1928, from
November,
1927

PRODUCTION
TOTAL INDUSTRIAL

Unadjusted, except for working days
Adjusted for seasonal variations

117
114

81
S3

106
105

105
103

101
99

115
114

117
114

114
112

-2.6
1. 8

+ 12.9
+ 13.1

116
116
127
121
106
118
110
139
117
128
121
162
166
129

79
82
59
77
92
91
90
47
86
92
87
84
66
93

106
105
98
118
93
113
99
81
113
113
107
139
113
123

104
102
94
113
94
112
94
70
108
108
106
142
116
121

101
99
88
112
94
110
96
47
97
107
106
140
117
122

115
116
127
108
97
118
82
139
111
126
118
162
165
129

116
114
125
111
100
116
81
119
105
119
120
160
166
127

113
111
119
114
103
117
80
90
99
118
126
159
150
125 |

-2.6
-2.6
-4. 8
+ 2.7
+ 3.0
+ 0.9
-1.2
24 4
-5.7
-0.8
+ 5. 0
-0.6
-9.6
-1.6

+ 11.9
+ 12.1
+ 35.2
+ 1.8
+ 9. 6
+ 6.4
+ 16.7
+ 91. 5
+ 2.1
+ 9.3
+ 18.9
+ 13.6
+ 28.2
+ 2.5

124
120
125
133
126
134
128
124
125
123

84
90
77
1
88
0
82
93
75
85

111
105
92
99
124
87
104
111
111
90

112
105
90
106
124
95
102
110
105
91

105
101
85
105
124
49
106
107
110
100

115
108
94
95
125
109
121
114
115
79

122
114
99
119
128
115
128
110
108
79

118
115
98
115
127
105
133
110
114
91

-3.3
+0.9
-1.0
-3. 4
-0.8
-8.7
+3. 9
0. 0
+5.6
+ 15.2

+ 12.4
+ 13.9
+ 15.3
+ 8.7
+ 2.4
+ 114.3
+25. 5
+ 2. 8
+ 3.6
-9.0

124
421
131
148
160 1
187

79
26
76
68
64
44

87
89
85
75
89
150

95
68
108
73
81
154

92
68
101
114
71
119

92
54
92
76
95
137

!
1
!
j
j

102
35
95
86
89
153

92
70
98
110
77
124

-9.8
+ 100. 0
+ 3.2
+ 27.9
— 13. 5
-19. 0

0.0
+ 2.9
-3.0
-3. 5
+ 8. 4
+4.2

251 !
205 !
199 !
266
353
266

45
38 i
60 i
55
11
22

183
178
146
183
186
220

219 1
160
199
223
260
266 |

166
109
107
96 1
227
238

178 |
165
133
206
184
206

251
174
151
266
353
207

179
120
94
119
258
207

-28.7
-31. 0
-37.7
-55. 3
-26. 9
0.0

+ 7.8
+ 10. 1
-12. 1
+ 24.0
+ 13.7
-13.0

112
112 j
151
161 !
148 i

78
78
54
18
65

98
99
84
124
113

96
94
100
117
104

93
91
111
109
100

77
77
68
129
64

87
84
108
128
85

84
80
116
119
97

-3.4
-4. 8
+ 7.4
-7.0
+ 14. 1

-9.7
-12. 1
+ 4.5
+ 9. 2
-3.0

MANUFACTURING

Total (adjusted for working days only) _
Total (adjusted for seasonal variations) _
Iron and steel
Textiles
Food products
Paper and printing
Lumber
Automobiles
Leather and shoes
Cement, brick, and glass
Nonferrous metals .
Petroleum refining
Rubber tiresTobacco manufactures
MINERALS
Total (adjusted for working days only)
Total (adjusted for seasonal variations) __ _
Bituminous coal
Anthracite coal
_
Crude petroleum
Iron-ore shipments _
Copper.
Zinc
Lead __
Silver

!
1
!
!
i
!
i
1

ANIMAL PRODUCTS (marketings)

i

Total _ _„.
Wool.
Livestock
Poultry and eggs
Dairy products
Fish
CROPS (marketings)
Total
Grains*
Vegetables*
Fruits* _
Cotton products*
Miscellaneous crops*FOREST PRODUCTS

I
i

Total .
Lumber
Pulp wood
Gum (rosin and turpentine)*
Distilled wood

!


* Fluctuations between maximum and minimum due largely to seasonal conditions: Minerals and Manufacturing are adjusted for seasonal variations except where noted.


16
INDEXES OF BUSINESS—Continued
PEE CENT INCREASE (+)
OR DECREASE (— )

1938

1927

Maximum
since
Jan. 1,
1923

Minimum
since
Jan. 1,
1923

139
179
144
141
118
129

73
70
70
77
85
75

98
118
99
103
107
99

92
103
99
95
107
96

91
94
100
98
90
89

95
99
125
92
109
93

98
137
114
86
113
115

134

82

120

132

135

115

132

136

+ 3.0

120
129
138
152
133
125
178
123
185
155
125

88
79
78
78
74
78
64
66
77
46
84

114
116
108
125
111
122
116
69
129
118
97

110
96
109
115
113
122
118
70
129
107
103

111
81
113
123
118
123
130
70
132
109
107

109
105
118
130
130
96
130
73
130
137
97

109
93
113
135
128
96
116
74
149
139
103

112
86
121
147
130
102
130
74
152
133
106

+ 3.8
-7. 5
+ 7. 1
+ 8.9
+ 1.6
+ 6. 3
+ 12. 1
0.0
+ 2. 0
4 3
+ 2. 9

+ 0.9
+ 6.2
+ 7. 1
+ 19. 5
+ 10.2
17 1
0. 0
+ 5.7 1
+ 16. 9
+ 22. 0 I
-0.9

_

153
159
202
136
153

69
68
43
54
73

124
125
135
103
110

149
136
173
117
146

153
135
187
113
146

120
145
96
116
108

149
157
149
133
139

153
152
170
126
136

+ 2.7
3. 2
+ 14. 1
-5. 3
2. 2

0.0
+ 12.6 >
-9. 1
+ 11.5 i
-6.8

UNFILLED ORDERS
Total
Textiles
Iron and steel
-Transportation equipment
Lumber

157
154
157
204
142

67
62
66
53
56

71
87
65
62
72

68
84
66
62
62

68
76
71
51
63

75
69
75
60
84

72
72
75
62
69

73
73
76
57
77

+ 1.4
+ 1.4
+ 1.4
-8. 1
+ 11. 6

+ 7.4
-3.9
+ 7.0
+ 11. 8
+ 22.2

124
119
130
128
167
188
128
118
125
131

82
86
87
71
43
26
68
82
88
72

112
102
117
113
144
95
127
106
122
118

106
102
122
99
105
87
114
105
128
114

93
100
101
88
63
45
110
98
113
104

110
101
130
105
137
88
110
100
119
127

111
107
125
99
123
100
108
108
134
131

95
100
118
90
65
38
105
99
114
111

-14.4
-6. 5
-5. 6
-9. 1
-47. 2
-62. 0
-2. 8
8. 3
-14. 9
-15. 3

+ 2.2
0.0
+ 16. 8
+ 2.3 |
+ 3.2
-15. 6
-4.5
+ 1.0
+ 0. 8
+ 6.7

183

64

118

147

149

143

183

176

-3.8

+ 18.1

250
224
350
169
160
161
163

62
77
47
82
79
70
55

128
171
198
137
106
119
108

153
190
250
151
111
124
121

146
189
250
144
105
125
118

144
200
246
164
105
122
130

164
228
289
169
107
134
127

158
218
289
169
107
130
130

-3.7
-4.4
0.0
0. 0
0.0
-3. 0
+ 2.4

+ 8.2
+ 15.3
+ 15.6
+ 17.4
+ 1.9
+ 4. 0
+ 10. 2

186
117

71
83

100
107

119
113

122
116 i

106
101

123
110

122
113

-0.8
+ 2.7

0. 0
-2. 6

Relative to 1923-1995 monthly average as 100

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

Nov., 1928, Nov., 1928,
from Oct.,
from Nov.,
1928
1927

PRODUCTION— Continued
NEW ORDERS
Total
Textiles
_
Iron and steel
Lumber
-Paper and printing
Stone and clay products
STOCKS
Grand total

-~

Total manufactured goods
Foodstuffs
Textiles
_
_
Iron and steel _ __
Nonferrous metals
Lumber
Stone, clay, etc Leather
-- - Rubber
Paper
Chemicals and oils

-

Total raw materials
Foodstuffs
Textiles
.
MetalsChemicals and oils

+ 0.7

WHOLESALE TRADE
Grand total, all classes
Groceries
Meats
Dry goods
Men's clothing
Women's clothing
Boots and shoes
Hardware
Drugs
Furniture
_

-

___
_

_

--

---

--

RETAIL TRADE
MAIL-ORDER HOUSES (4 houses)
CHAIN STORES:
Ten-cent
_
Grocery.
Wearing apparel
Drug
Cigar
_
Candy
_
__
Shoe
_
DEPARTMENT STORES:
Sales
_
_
Stocks




__ _

17
INDEXES OF BUSINESS—Continued
Maximum
since
Jan. 1,
1923

Relative to 1933-1935 monthly average as 100

Minimum
since
Jan. 1,
1923

PER CENT INCREASE (+)
OR DECREASE (— )

1938

1937

1928,
Septem- October Novem- Septem- October Novem- Nov.,
from
ber
ber
ber
ber
Oct., 1928

Nov., 1928,

from

Nov., 1927

EMPLOYMENT
Number employed, by industries:
Total, all classes
Food products __ __
Textiles
Iron and steel
._
Lumber
Leather
Paper and printing. _
Chemicals
_ _
Stone, clay, and glass
Metal products other than iron and
steel
Tobacco products
Vehicles
Miscellaneous
Amount of pay roll, by industries:
Total, all classes
Food products
Textiles
_
Iron and steel
_ __
Lumber _
Leather.
Paper and printing. _
!
Chemicals
Stone, clay, and glass
Metal products other than iron and steelTobacco products.
Vehicles
Miscellaneous. _

109
112
114
114
107
112
106
111
107

90
90
85
87
80
85
97
88
85

93
97
95
91
88
95
104
97
95

94
97
94
92
89
97
103
98
97

92
95
94
88
87
90
105
96
95

93
94
87
94
85
91
102
98
95

94
96
90
95
85
90
103
98
93

94
96
91
96
85
85
105
98
91

0. 0
-5.6
+ 1.9
0.0
-2.2

+ 2.2
+ 1.1
-3.2
+ 9.1
-2.3
-5.6
0.0
+ 2. 1
-4.2

110
108
110
115

87
82
82
86

91
94
87
98

92
92
88
98

90
93
82
96

95
89
99
95

97
91
98
97

99
91
94
98

+ 2. 1
0.0
4 1
+ 1.0

+ 10.0
2 2
+ 14. 0
+ 2. 1

111
108
115
117
107
117
114
114
111
114
111
114
119

85
90
78
79
84
75
94
89
84
81
81
79
86

96
99
98
91
96
92
111
102
99
90
96
90
102

95
99
96
92
95
98
109
102
98
89
95
87
98

93
98
94
88
94
81
112
101
97
88
95
84
97

97
98
87
98
91
91
110
102
96
100
90
101
98

100
100
93
103
93
88
112
104
98
107
92
105
100

97
99
90
103
91
75
113
103
95
108
91
97
98

-3.0
-1.0
-3.2
0.0
-2.2
-14. 8
+ 0.9
1 0
-3. 1
+ 0.9
-1. 1
-7.6
-2.0

+ 4.3
+ 1.0
-4.3
+ 17. 0
3 2
-^4 |
+ 0.9 i
+ 2.0 !
-2. 1
+ 22. 7
-4.2
+ 15. 5

153
178
253
162
166
252
108

125
108
108
98
122
81
79

139
128
138
145
146
169
83

140
134
145
142
137
179
87

137
120
136
141
153
162
86

141
117
127
174
145
142
85

137
116
114
160
150
147
83

134
110
109
150
155
146
86

-2.2
-5.2
-4. 4
6 2
+ 3. 3
-0. 7
+ 3.6

-2.2
-8. 3
19 9
+ 6.4
+ 1.3
9 9
0.0 j

105
114
107
127
114
112
113
116
104
111
127

94
94
85
98
94
81
97
90
95
97
79

97
105
100
113
98
84
97
92
97
99
88

97
106
97
113
99
84
98
92
96
99
89

97
104
102
114
98
83
97
90
97
99
88

100
109
107
121
96
85
101
95
95
97
80

98
104
102
118
96
85
101
95
96
97
80

97
102
100
116
96
84
102
96
96
96
80

-1.0
-1.9
— 2. 0
-1. 7
0. 0
-1.2
+ 1.0
+ 1. 1
0.0
10
0. 0

0.0
-1.9
-2.0
+ 1.8
-2. 0
+ 1.2
+ 5. 2
+ 6.7
-1. 0
-3. 0

128
103
109
106

96
93
93
93

98
96
100
95

99
94
100
94

97
95
99
95

97
101
101
98

97
99
97
96

97
97
96
95

0.0
-2.0
-1. 0
-1. 0

0.0
+ 2.1
-3.0
0.0

106
112

85
95

102
104

101
103

103
105

103
102

102
101

103
102

+ 1.0
+ 1.0

0.0
-2.9

0.0

o>o

+1. 1
+1. 1

+1.0

PRICE INDEX NUMBERS
FAEM PRICES
(Relative to 1909-1914 average as 100)
All groups
6
r

Grains
._
Fruits and vegetables
Meat animals
Dairy and poultry. _
Cotton and cottonseed __
Unclassified
WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1926 monthly average as 100)

All commodities
Farm products
Food, etc..
Hides and leather products _ _
Textile products
Fuel and lighting. _
Metals and metal products..Building materials
...
Chemicals. _
House-furnishing goods
Miscellaneous
Classified by state of manufacture:
Semimanufactured articles
Finished products __ _
Raw materials
Nonagricultural commodities
i

Q 1

Commercial Indexes
(Relative to 1926 monthly average as 100)
Dun's..

._

Bradstreet's
27541—29-




18
INDEXES OF BUSINESS—Continued

mum

since
Jan. 1,
1923

Relative to 1923-1925 monthly average as 100

Jan. 1,
1923

PER CENT INCREASE (+)

1928

1927

Minimum
since

Maxi-

OR DECREASE (— )

Nov., 1928,
from
Oct., 1928

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

Nov., 1928,
from
Nov., 1927

PRICE INDEX NUMBERS— Contd.
COST OF LIVING

i

National Industrial Conference Board Indexes
(Relative to July, 1914)

All items weighted
Food (Department of Labor)
Shelter
Clothing
Fuel and light (combined) _
Fuel
«
Light
Sundries

_
__

173
167
186
177
179
208
123
176

___

158
141
161
160
156
174
118
171

164
156
167
170
163
184
122
173

163
154
168
171
162
183
122
172

164

163

184
122
173

163
157
161
173
161
182
121
171

163
158
161
174
160
180
121
171

1

157
167
171
i

163
157
160
172
162
183
121
171 !

0.0
0. 0
— 0. 6
— 0. 6
+ 0. 6
+ 0. 5
0. 0
0. 0

-0.6
0. 0
— 4. 2
+ 0. 6
-0. 6
-0. 5
-0. 8
-1. 2

MOVEMENT OF WHEAT PRICES 1
(Dollars per bushel)

1909

1910

1911

1913

1913

1914

1915

1916

1917

1918

1919

1930

1921

1923

1923

1924

1925

1926

1927

1928

MONTH
NO. 3 HARD WINTER, KANSAS CITY
January
February
March
April

1.06
1.10
1.15
1.30

1.11
1.11
1.10
1.08

0.95
.90
.88
.88

1.05
1.03
1.05
1.09

0.87
.86
.86
.88

0.85
.88
.88
.87

1.34
1.54
1.49
1.54

1.20
1.20
1.05
1.12

1.89
1.82
1.97
2.43

2.12
2.12
2 12
2.12

2.31
2.26
2.39
2.62

2.82
2.42
2.49
2.75

1.72
1.62
1.55
1.33

1.13
1.29
1.34
1.35

1.14
1.15
1.16
1.20

1.13
1.11
1.09
1.04

1.82
1.81
1.71
1.51

1.78
1.71
1.61
1.59

1.37
1.35
1.33
1.31

1.33
1.33
1.38
1.52

May
June
July
August

1.38
1.37
1.14
1.02

1.07
1.08
1.04
1.00

.90
.88
.87
.93

1.11
1.09
.92
.89

.87
.88
.82
.83

.90
.85
.78
.91

1.50
1.21
1.36
1.26

1.10
1.00
1.14
1.41

3.01
2.74
2.68
2.61

2.12
2.12
2.20
2.16

2.60
2.47
2.25
2.18

2.93
2.76
2.67
2.44

1.47
1.38
1.14
1.15

1.34
1.17
1.13
1.04

1.16
1.04
.96
1.01

1.06
1.08
1.20
1.19

1.63
1.60
1.54
1.64

1.55
1.53
1.37
1.31

1.42
1.44
1.36
1.35

1.60
1.47
1.20
1.06

September _.
October
November
December..

1.02
1.06
1.04
1.10

.99
.95
.91
.93

.95
1.04
1.00
1.00

.88
.88
.83
.84

.87
.84
.83
.84

1.04
1.02
1.08
1.13

1.07
1.07
1.03
1.12

1.57
1.67
1.85
1.72

2.12
2. 12
2.12
2.12

2.16
2.16
2.15
2.24

2.24
2.30
2.46
2.63

2.43
2.06
1.78
1.71

1.22
1.10
1.10
1.09

1.04
1.13
1.17
1.17

1.09
1.12
1.09
1.09

1.20
1.37
1.43
1.62

1.58
1.58
1.63
1.72

1.32
1.39
1.37
1.38

1.31
1.28
1.31
1.32

1.07
1.10
1.12

1.15

1.03

.93

.97

.85

.93

1.29

1.34

2.30

2.15

2.39

2.44

1.32

1.19

1.10

1. 21

1. 65

1.49

1.35

_

Monthly av

NO. 2 RED WINTER, ST. LOUIS
January
February
March
April

_

May
June_.
July
August -__
September
October
November
December

_

Monthly av

1.11
1.24
1.30
1.36

1.30
1.27
1.23
1.12

1.03
.96
.93
.90

1.02
1.01
1.04
1.13

1.11
1.09
1.08
1.09

0.96
.95
.95
.94

1.40
1.57
1.50
1.54

1.34
1.30
1.17
1.22

1.96
1.88
2.05
2.66

2.15
2.15
2.15
2.15

2.41
2.38
2.55
2.71

2.70
2.55
2.58
2.76

2.02
1.90
1.66
1.41

1.16
1.32
1.35
1.44

1.37
1.39
1.36
1.39

1.16
1.18
1.14
1.13

2.10
2.02
1.86
1.77

1.94
1.85
1.70
1.71

1.38
1.35
1.30
1.29

1.51
1.56
1.69
1.96

1.39
1.57
1.13
1.12

1.16
1.02
1.07
1.02

.94
.88
.84
.88

1.21
1.11
1.03
1.04

1.04
.99
.85
.88

.96
.84
.87
.93

1.50
1.19
1.17
1.14

1.20
1.10
1.25
1.45

3.04
2.65
2.36
2.32

2.15
2.15
2.21
2.21

2.60
2.41
2.22
2.20

2.99
2.89
2.70
2.47

1.58
1.50
1.23
1.23

1.38
1.18
1.12
1.08

1.33
1.23
.97
.99

1.12
1.16
1.35
1.38

1.86
1.89
1.59
1.72

1.62
1.47
1.42
1.34

1.42
1.50
1.41
1.42

1.66
1.79
1.47
1.38

1.14
1.23
1.22
1.28

1.02
1.00
.96
.98

.94
1.00
.96
.97

1.03
1.09
1.04
1.07

.94
.93
.94
.95

1.10
1.10
1.11
1.18

1.14
1.21
1.16
1.23

1.60
1.73
1.87
1.83

2.15
2.15
2.15
2.15

2.19
2.22
2.22
2.32

2.21
2.24
2.29
2.48

2.56
2.25
2.03
1.99

1.36
1.26
1.20
1.21

1.14
1.23
1.29
1.36

1.09
1.16
1.12
1.14

1.40
1.56
1.63
1.79

1.71
1.70
1.71
1.84

1.36
1.40
1.36
1.37

1.42
1.45
1.41
1.44

1.45
1.44
1.45

1.26

1.10

.94

1.07

.99

.99

1.31

1.42

2.29

2.19

2.39

2.54

1.46

1.25

1.21

1.33

1.81

1.55

1.40

1

NO. 1 NORTHERN SPRING, MINNEAPOLIS
January__
February
March _ _
April

1.09
1.13
1.15
1.24

1.14
1.14
1.15
1.11

1.06
1.02
.98
.96

1.06
1.06
1.08
1.10

0.89
.87
.85
.88

0.87
.93
.92
.91

1.38
1.521.49
1.58

1.29
1.26
1.14
1.22

1.93
1.86
2.03
2.38

2.17
2.17
2.17
2.17

2.21
2.24
2.36
2.56

3.01
2.67
2.84
3.06

1.79
1.72
1.66
1.53

1.34
1.51
1.51
1.58

1.23
1.26
1.24
1.30

1.19
1.21
1.21
1.21

1.89
1.87
1.71
1.50

1.73
.67
.61
.64

1.43
1.42
1.39
1.38

1.35
1.34
1.39
1.53

May

1.31
1.34
1.29
1.06

1.10
1.09
1.21
1.13

.99
.97
.99
1.05

1.16
1.13
1.09
.98

.91
.92
.91
.88

.94
.92
.92
1.10

1.58
1.35
1.44
1.18

1.22
1.11
1.21
1.64

2.96
2.73
2.66
2.47

2.17
2.17
2.17
2.23

2.59
2.48
2.66
2.59

3.09
2.93
2.89
2.56

1.55
1.69
1.67
1.48

1.56
1.46
1.49
1.11

1.28
1.17
1.12
1.18

1.22
1.25
1.37
1.31

1.67
1.64
1.59
1.64

.62
.63
.72
.49

1.47
1.49
1.47
1.43

1.57
1.48
1.38
1.19

1.04
1.04
1.05
1.12

1.09
1.08
1.04
1.03

1.09
1.10
1.05
1.02

.89
.90
.84
.82

.87
.84
.85
.86

1.12
1.11
1.18
1.20

.97
1.02
1.02
1.14

1.64
1.79
1.95
1.79

2.17
2.17
2.17
2.17

2.23
2.19
2.22
2.22

2.56
2.67
2.85
3.07

2.54
2.16
1.80
1.68

1.51
1.34
1.25
1.30

1.10
1.15
1.23
1.25

1.21
1.20
1.14
1.16

1.30
1.46
1.48
1.66

1.50
1.49
1.55
1.69

1.43
1.49
1.46
1.46

1.34
1.29
1.30
1.32

1.19
1.16
1.16

1.16

1.11

1.02

1.01

.88

1.01

1.31

1.44

2. 31 I 2. 19

2.57

2.60

1.54

1.36

1.21

1.32

1.65

1.58

1.39

June
July
August
September
October
November
December..

__.
.

Monthly av

1
Compiled by the V. S. Department of Agriculture, Bureau of Agricultural Economics, and represents average prices per bushel for reported cash sales, weighted by the
number of cars sold.




19
FLAXSEED MOVEMENT AT MINNEAPOLIS AND DULUTH
[In thousands of bushels]
ShipReceipts ments

ShipStocks Receipts m cuts

ShipStocks Receipts ments

ShipStocks Receipts ments

ShipStocks Receipts ments

Stocks

MONTH

191C >

190S

1913

1912

1911

January
February
March
April

704
479
489
230

164
131
108
88

1,656
1,464
1,308
1,193

1,129

729
910
521

330
129
147
335

788
806
823
687

294
371
272
122

90
139
72
65

304
231
226
199

1,186
842
659
803

789
775
364
432

1,118
809
795
787

2,968
2,382
2,624
1,928

672
296
353
1,434

3,284
4,403
5,250
4,699

May
June
July
August _

113
331
510
127

600
505
407
350

693
300
358
41

348
247
293
199

360
204
185
127

367
109
78
38

139
149
155
214

157
29
10
161

126
134
167
31

1,195
819
912
540

992
574
434
267

495
382
428
287

1,300
1,307
2,167
903

1,797
1,530
2,610
1,548

3,995
3,301
2,432
1,577

1,674
5,421
6,110
1,350

559
2,755
4,306
1,605

350
1,587
3,201
844

1,226
2,359
2,645

454
848
1,634
654

160
480
448
383

836
2,311
4,793
2,940

205
1, 215
2,890
1,453

204
306
999
1,164

990
3,742
7,993
5,731

392
1,479
6,231
4,013

261
1,447
2,196
1,930

1.181
4.346
4,259
2,411

1,447
1, 873
1,977
2,769

705
1, 843
2,908
1,596

17, 538
1,462

11 578
965

5,407
451

431

12, 596
1,050

6,486
541

341

25, 412
2, 118

16, 742
1,395

911

27, 776
2, 315

18, 306
1,526

2,999

September
October
November
December

__

___

Total
Monthly average

981
11, 587

1,083

966

January
February
March
April

_ _

May
June
July
August
September
October
November
December
Total
Monthly average

1,194
551
740
659

125
83
89
171

1,888
1,897
1,993
2,299

896
661
629
397

164
65
135
72

696
748
957
1,175

362
667
805
201

487
240
157
525

2,322
2, 529
2, 79.0
2,278

212
227
423
178

24
38
26
465

1,261
1,347
1,523
1,189

1,070
3,176
3,372
1,551

1,018
903
3,634
996

1,120
2,115
1,031
617

376

917
200
1,987
1,431

154
298
1,618
1,240

14 348
1,196

8 428
702

1,907

5, 524
460

1,017

1,375
4,219
1,834
11, 427

952

1919
January
February
March
April

May
June
July
August

_

_ .

_ _ _

-

September ...
October,
November _ _ _
December

._ . _
_.

Total
Monthly average

_

May
June
July
August
September -..
October
November
December. _ _ .
Total
Monthly average

1918

1917

834
632
958
531

145
59
68
30

1,698
1,901
1,861
1,873

814
646
767
592

149
88
107
126

1,911
2,073
2,309
2,229

886
591
580
617

417
123
113
146

174
127
138
392

509
627

365

681
260
1,498
738

1,451
1,591
1,663
1,064

630
712
568
159

1,482
810
411
292

1,204
670
516
206

615
839
391
111

293
321
277
104

379
240
153
57

349
3,372
5,447
2,457

458
648
3,968
1,893

654
1,150
1,145
1,499

447
1,256
1,915
926

177
365
951
758

262
305
494
222

712
1,972
2,258
1,386

135
865
1,422
1,056

85
492
84
352

17, 928
1,494

10, 446
871

1,463

9 432
786

5,716
476

1,033

10, 958
913

5,272
439

223

1,CW

1921

1920

1922

1923

822
539
903
765

576
193
332
154

121
42
140
374

335
465
525
278

98
70
102
70

88
95
58
159

449
376
479
558

78
60
124
242

2,740
2,825
2,746
2,605

418
269
377
338

312
185
214
104

321
258
172
212

622
315
388
554

488
92
126
82

82
46
34
14

759
1,057
999
327

343
284
467
152

279
168
302
98

361
1,142
1,340

858

72
231
555
541

54
479
741
882

1,020
991
900
639

803
581
1,051
448

2 404
2,427
2,111
1,994

527
385
198
384

252
74
209
119

132
185
49
16

719
1 050
494
1 338

191
510
272
055

43
139
55
116

864
942
649
711

171
361
252
130

97
200
94
157

1,237
2,448
1,409
1,312

298
631
890
492

1,355
2,184
2,167
2,499

962
1,729
1,205
754

506
1,032
1,159
686

1,921
1,502
1 122
622

1 420
2,060
1 530
1 185

365
860
1 121
929

355
695
638
366

3 903
4,361
2 851
1 451

842
2 083
2 440
1 070

1 075
2 253
1 394
952

9, 337
778

3,415
285

11,710

173

4,050
338

897

10, 062
839

6,770
564

2,085

9 091
758

4,744
395

283

18 046
1,504

8 451
704

517

976

1924
January
February
March
April

1916

1915

1914

1925

1926

1927

1928

567
341
346
364

338
352
313
279

773
512
321
268

1,486

976
793
535

502
425
793
239

1 414
1 323
768
831

534
389
547
492

387
341

2 171
1 679
1 370
1 198

575
431
483
282

506
418
398
330

2 372
2 106
2 023
1 860

723
616
518
398

577
457
572
572

540
392
382
299

276
222
167
146

230
47
94
19

751
852
901
1 439

368
286
535
578

502
622
581
291

659
649
477
1 029

196
230
362
370

1 221
1 305
976
782

306
377
277
679

339
213
607
496

1 381
1 444
908
589

625
632
245
1 025

687
392
272

4o«

4,008
10, 031
9,033
2,019

1, 718
6 272
7,193
1,491

2,026
4 174
1,893
1,530

5,893
5 559
3,522
1,415

2 149
2 697
3,554

2 188
6 145
2,811
1,377

907

846
3 109
3,569
2,694

5 394
7 386
3 111
862

1 103
2 006
3 242
2,034

1 583
5 246
4 671
3,997

3 812
6 600

1 260
2 349

855

2 453
3 302
2,488
2,391

28, 322
2,360

18, 767
1,564

991

24, 122
2,010

12, 981
1,082

1,414

17, 297
1,441

20 163
1,680

11 692

1,743

321
479*

1 644
1,672
1,399

8,308

692

974

3 312

2

COQ

9 O87

1 627
QKO

7R4411
Old

fil c

2

KQK

2,348

i Compiled by Tke Northwestern Miller. These figures represent a total movement of domestic and bonded grain at Minneapolis and Duluth-Superior Receipt
and shipments are totals of weekly figures, with the first and last weeks of each month prorated, while stocks are taken on the day nearest the end of the month.




20

MILL RECEIPTS OF FLAXSEED AT DULUTH-SUPERIOR 1
[In number of bushels]
MONTH

1918

January,
February
March
April. _

1919
35, 165
26 451
62 553
48 216

i

May
June
July
August

!

September
October
November
December

.
]

Total
Monthly average.. _

1920

1921

55 238
54 716
61 161
"' 452

11 103
None
N"

98 589
81 367
2*328
19 155

50
63
112
47

090
841
557
330

38 178
153 186
137 222
5l' 565

98 810
38 608
140 281
35' 690

19 565
81*817
46 958
53,393

40
50
50
103

658
126
191
153

29 540
4l' 628
64 646
57' 245

39 305
38 422
39 161
97' 508

690 331
57, 528

751 777
62, 648

538 818
44, 902

403, 177
2
50, 397

1922

1923
39
31
68
39

40 170
39 049
31 518

1924

362
623
031
461

1925

35 443
31 919

1926

79 Q50

fis' 41 8

fin fil 9
1 ^7 ^fil

14 076

m

43 358

cc RAQ

97 37^

1928

1927

n

oCM

9K

CQ4.

et-n~

1

25 392
75? 138
59 331

157 555
90 99A

04 pci
909 cn.9

42 238

IQfi 99 r

546
337
679
462

177 596
318 193
181 999
76' 382

011 OQQ

470 602
311 897
148 522

273 311
193' 778

1°4 200

91 fi 7Q3

496 360
41, 363

1 145 601
95 467

1 577 696
131 475

1 908 451
159 038

2 Q63 328
171 944

2 927 fi84
243 974

49 041
58 571
30 957
95
95
9
46

cq nqq

4 ' 7 en

oi F.

137, 096
61, 674

9 r e QQQ

ryo 770

i Compiled by The Northwestern Miller, and represents the receipts at mills at Duluth-Superior as distinguished from the receipts at public and bonded warehouses.

AVERAGE LOAN RATES OF AGRICULTURAL

LAND BANKS
DIRECT LOANS, INTERMEDIATE
CREDIT BANKS

FEDERAL LAND BANKS
MONTH

1917

1918

1919

1930

1931

1933

1933

1934

1935

1936

1937

1938

1933

1934

1938

1935

1937

1938

Per cent
January
February
March
_ _ _ April

5.05
5.05

5.29
5.29
5.33
5.50

5.50
5.50
5.50
5.50

5.50
5.50
•5.50
5.50

5.60
5.62
5.62
5.76

6.00
6.00
6.00
6.00

5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50

5.35
5.35
5.35
5.35

5.18
5.12
5.12
5.12

5.06
5.06
5.06 ~~~5.~50~
5.05
5.50

5.50
5.50
5.50
5.50

4.54
5.54
4.58
4.58

4.92
4.92
4.92
4.92

4.52
4.52
4.52
4.52

4.50
4.51
4.52
4.52

May
June
July
August

5.04
5.04
5.04
5.04

5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50

6.00
6.00
6.00
6.00

6.00
5.50
5.50
5.50

5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50

5.48
5. 48
5. 48
5. 48 ,

5.35
5. 35
5. 35
5. 28

5.12
5.12
5.10
5.10

5.04
5.04
5.04
5.04

5.50
5.50
5.50
5.50

5.50
5.50
5.33
4.99

4.58
4.52
4.50
4.50

4.92 ' 4.52
4.72
4.52
4.54
4.51
4.54
4.50

4.52
4.56
4.63
4.84

5.04
5.04
5.04
5.15

5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.53

6.00
6.00
6.00
6.00

5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50

5.50
5.50
5.50
5.50

5.48
5.39 i
5.39
5.39

5.23
5.20
5.20
5.20

5.10
5. 10
5.08
5.06

5.04
5.04
5.04

5.50
5.50
5.50
5.50

4.55
4.54
4.54
4.54

4.50
4.50
4.84
4.92

4.50
4.50
4.50
4.50

4.50
4.50
4.50
4.50

5.12
5.24
5.31

Monthly av_. 25.05

5.45

5.50

5.50

5.88

5.71

5. 50 I

5. 50

5.46

5.30

5.11 ....

25.50

5.12

4.59

4.70

4.51

.__

September
October _. _
November
December

I

* Compiled by the Federal Farm Loan Board, representing average interest rates charged by the Federal farm loan banks and intermediate credit banks, respectively.
These rates represent the average of the loan rates of the banks, no weight being given to the number of loans closed at the various rates. When a change occurred during
a month,
the bank's average rate for that month was obtained, each rate during the month being weighted by the number of days it was in force.
2
10 months' average.

COMPOSITE WHOLESALE PRICES l

BITUMINOUS COAL, PREPARED SIZES

BITUMINOUS COAL, MINE BUN
MONTH

1933

1934

1935

1936

1937

1933

1938

1934

1935

.-

]V[ay

'

$5. 892
5 495
5 257
5. 027

-

4.820

June

4. 691
4. 586

July

August
September
October
November
December

4.545
4.535
4.452
4.357
4.328

-

Monthly average

January
February
Miarch
April
May
June
July
August
September
October __
November
December

y

- ..

4.822

-

-..

g

-

$4. 346
$4. 140
4. 342
4.109
4. 283
4.093
4.227
4.045
4. 052
4.200
4. 164
. 4. 028
4. 153 • 4. 032
4.126
4.065
4.162
4. 159
4.185
4.177
4.178
4.249
4.189
4. 245

4.213

4.116

1937

$4. 271
4. 265
4.191
4.094
4. 083
4.086
4.090
4.147
4.226
4.541
4.104
4.671

$4. 450
4.338
4.281
4.265
4.264
4.272
4.251
4. 275
4.274
4.199
4.160
4.144

4.314

4.264

$4. 093
4.069
4.044
4.016
3.986
3.973
3.984
4.009
4.019
4.020
4.008
!

$6. 789
6.517
5.992
5.554
5. 504
5.442
5.367
5.313
5. 420
5.409
5.324
5.192

$5. 215
5.164
4.994
4. 784
4.759
4.855
4.726
4.691
4.834
4.983
4.928
4.882

$4. 839
4.658
4.500
4.396
4.416
4.408
4.412
4.511
4.735
4.793
4.956
4.947

$4. 779
4.795
4.659
4.494
4.529
4.541
4. 563
4.634
4. 743
5.002
5.605
5.181

$4. 996
4, 836
4.710
4.689
4.706
4.755
4.741
4.904
5.012
4.932
4.800
4.759

5. 652

4. 901

4. 631

4. 794

4. 820

ANTHRACITE COAL, CHESTNUT

PORTLAND CEMENT

Dollars per gross ton

Dollars per barrel, without bags

$13. 866
13. 866
13. 834
13. 365
13.410
13. 496
13. 613
13. 738
14. 196
14. 390
14. 433
14. 420

$14. 285
14. 245
14. 080
13. 389
13. 488
13. 610
13. 760
13. 870
13. 978
14. 070
14. 060
14. 093

13. 885

13.911

$15. 680
$13. 992
14. 250
13. 955
14. 100
13. 764
13. 709
13. 151
13. 621
13. 126
13.211
13. 565
13. 369 1 13. 643
13. 743
13. 663
13. 772
l 14. 124
13. 802
i1 15. 557
15. 680 ! 13. 869
13. 850
i 15. 680
13. 788

13. 767

1938

Dollars per net ton

Dollars per net ton
January
February
Miarch
April

1938

$13. 779
13. 724
13. 339
12. 932
12. 871
13. 057
13. 148
13. 209
13. 353
13. 389
13. 389
13. 389
13. 298

$13. 130
13. 232
13. 207
12. 794
12. 752
12. 949
12. 965
12. 853
13. 040
13. 040
13. 040

;

$1. 833
1.892
1. 892
1. 892
1. 892
1.892
1. 908
1.910
1.910
1. 893
1.842
1.817

$1. 827
1.833
1.842
1.843
1.850
1.850
1.850
1.850
1.850
1.850
1.850
1.821

$1. 798
1.800
1.800
1.800
1.800
1.800
1.800
1.800
1.800
1.774
1.750
1.750

$1. 750
1.750
1.750
1.750
1.750
1.750
1.750
1.742
1. 733
1.733
1.733
1.733

$1. 713
1.683
1. 683
1.683
1.683
1.683
1.683
1.683
1.683
1.683
1.683
1.683

1. 881

1. 843

1. 789

1.744

1.686

$4. 5£5
4.497
4.410
4.303
4.288
4.307
4.342
4.388
4.495
4.639
4.603

$1. 683
1.683
1.683
1.683
.683
.683
.683
.683
.650
.650
1.650

i Compiled by the 17. S. Department of Labor, Bureau of Labor Statistics. Wholesale prices of bituminous and anthracite coal and Portland cement based on averages
of weekly prices as reported by firms, f. o. b. city.



21

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, 1928), in which monthly figures for 1927 and 1928 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.
1938
The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

PEE CENT INCREASE (+) OR
DECREASE (— )

1927

September

October

November

October

November

Nov.,
1928,
from
Oct.,
1928

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

Nov.,
1928,
from
Nov.,
1927

1927

1938

Per ct.
increase
( }
or tdecrease
(-)
cumulative
1928
from
1927

TEXTILES
Wool
Receipts at Boston:
Total
thous. of Ibs
Domestic
thous. of Ibs
Foreign
thous. of Ibs
Imports:
In condition imported
_ thous . of lbs_ .
Grease equivalent
thous. of Ibs
Consumption by textile mills,
grease equivalent
thous. of Ibs
Machinery, activity, hourly:
Looms—
Wide
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. _
Worsteds
per ct of hours active
Prices:
Raw, territory, fine, scoured—dolls, per lb—
Raw, Ohio and Pa. fleeces,
^ blood, combing, grease... dolls, per lb._
Worsted yarn
dolls, per lb
Women's dress goods, French
serge, 39-in
dolls, per yd..
Suiting, 13-oz
dolls, per yd..

54, 907
51, 346
3,561

29, 720
25, 802
3,918

10, 315
7,156
3,159

8,090
4,598
3,492

12, 746
9,322
3,424

16, 578
9,033
7,545

15, 205 +57.6
8,972 +102. 7
6,233
-1.9

-16.2
+3.9
-45.1

328, 107
210, 395
117, 712

286, 368 -12.7
203, 228 -3.4
83, 140 -29.4

18, 289
19, 805

14, 472
16, 078

14, 510
17, 015

20, 730
24, 193

15, 587
18,488;

21, 053
24, 535

20, 179
23, 936

-24.8
-23.6

-22.8
-22.8

248, 735
284, 259

224, 310 -9.8
253, 844 -10.7

38,099

45, 103

43, 492

51, 477

50, 079

49, 122

46, 322

-2.7

+8.1

509, 838

492, 466

53
49
55
78
59

55]
48i
63
77
65

59
53
62
85
74

67
66
67
93
82

70
66
68
89
81

66
67
64
84
88

66
64!
67
79
83

+4.5 +6.1
0.0 +3.1J
+1.5
+1.5|
-4.3 +12.7
-1.2
-2.4

75
50

74
58

80
62

88
68

85
72

82
74

80
72

-3.4
+5.9

1.17

1.14

1.14

1.10

1.12

1.12

1.12

+1.8

0.0

.55
1.60

.54
1.60

.54
1.58

.54
1.58

.55
1.55

.47
1.40

.48
1.40

+1.9
-1.9

+14.6
+10.7

1.03
2.008

1.30
2.008

.99
2.008

.98
2.008

.98
2.008

1.00
1.913

1.00
1.913

0.0
0.0

-2.0
+5.0

-3.4

+6.3
0.0

Cotton
Production, crop estimate
thous. of bales
Ginnings
thous. of bales
Receipts into sight
thous. of bales
339
Imports, unmanufactured.^.-. -_bales__
18, 473
Exports, unmanufactured (incl. linters) .bales. . 341, 849
Consumption by textile mills . _.
bales.. fi 439, 821
Stocks, domestic, end of month:
Total, mills and w'houses._thous. of bales..
« 2, 201
Mills
thous. of bales
5 1, 012
Warehouses _
thous. of bales
1,190
Stocks, world visible, end of month:
Total
thous. of bales
4,056
American
thous. of bales..
2,165
Prices:
To producer, all grades
dolls, per lb._
.210
In New York, middling
dolls, per lb._
.215

509
25,258
259, 489
526, 729

3 12, 789
2 14, 373
< 12, 073
< 13, 148
2,837
2,902
2,571
3,927
2,027
28,845
19, 235
39, 213
18, 508.
27, 840
814, 569 1, 240, 702 1, 427, 699 «1,126,509 51,001,951
613, 520 e 626, 742
492, 221 618, 788 610, 884

-26.1 +12.9
+40.9 +35.9
+15.1 +42.5
-1.3 -2.5

13, 654 -5.0
303, 366 -18.0
7, 608, 610' -12.7
6, 041, 333! -12.0

-9.4
+1.0
-12.1

1,971
782
1,189

3,366
720
2,646

5,831
1,195
4,636

6,820
1,567
5,253

6,743
1,324
5,419

5 7, 526
5 1, 552
6 5, 974

3,480
1,790

4,114
2,563

6,198
4,645

7,130
5,438

6,479
5,297

7, 314
6,074

.188
.193

.176
.185

.181
.196

.178
.199

.210
.211

.200
.203

+L5

-11.0
—2 0

28, 244
7,431
209
87.7

28, 277
6,961
196
90.6

30, 315
8,694
246
103.9

30, 597
8,524
241
108 1

32, 535
» 8, 727
5239
105.0

« 32, 314
5 8, 690
238
6 106. 7

+0.9
-2.0
-2.0
+4.0

-5.3
-1.9
+1.3
+1.3

14, 046
11,574
27, 044 ,

18, 839
10, 248
34, 836

17, 621
8,476
39, 041

18, 675
8,568
44, 752

16, 619
10, 165
27, 220

17, 162
11,580
34, 692

.358
.501

.372
.495

.375
.511

.402
.546

.383
.530

+17.0
+31.1
+13.3

14, 376
370, 006
8, 710, 530
6, 866, 235

+15.0 -2.5
+17.1 -10.5
1

1-7

Cotton Yarn
Machinery activity of spindles:
Active spindles
thousands
5 28, 160
Total activity. _
millions of hours
6 6, 251
Activity per spindle
hours. .
176
Ratio capacity
per cent-79.7
Carded sales yarn:
Production
_
thous. of Ibs
12, 522
Stocks, end of month
thous. of Ibs
12, 350
Unfilled orders, end of mo. . .thous. of Ibs. _ 24, 619
Prices:
22/1 cones, Boston
dolls, per lb._
.384
40/ls, southern spinning
dolls, per lb
.515

.369
.514

+6.0 +8.8
+1.1 -26.0 1
+14.6 +29.0 1
+0.8
+3.2

-2.1
—3 6

I

Cotton Goods
Cotton textiles:
Production
-thous. of yds.. 221, 826 302, 470
New orders
_
thous. of yds..
187, 439
340, 810
Shipments
thous of yds
324, 073
217, 540
Stocks, end of month
thous. of yds
463, 270
441, 667
Unfilled orders, end of mo__ -thous. of yds
272, 227
288, 964
Fine cotton goods, production
.pieces..
80, 358
136, 237
Cotton cloth:
Imports.
thous ofsq yds
3,490
3,753
Exports
thous of sq yds
44, 951
43,928
Fabric for tire manufacture,
consumption
thous of Ibs
21, 854
20, 947
Elastic webbing, shipments
thous. of dolls. .
1,211
1,398
Prices:
Print cloth, 64 x 60
dolls, per yd
.07S
.075
Sheeting, brown
dolls, per yd
.092
.091
Cotton goods (Fairchild), rel. to 1911-1913..
16£
163
2
3
 As of Dec. 1, 1928.
Final estimate for 1927.



194, 387

253, 688
387, 151
278, 110
417, 245
398, 005
113, 627

284, 899
401, 953
307, 402
394, 742
92, 556
282, 763

341, 841
375, 163
347, 949
388, 634
519, 770
348, 712

331, 854
225, 560
293, 411
257, Oil
432,447
466, 52£

321, 621
193, 871
286,097
292, 535
340, 221
472, 298

+20.0
-6.7
+13.2

3,139
34, 694

3,676
56, 087

4,389
54, 248

4,42£
42, 83i

17, 797
1,478

20, 295
1,624

1,462

13. 54c)

.074
.08£
16C

.07*
.09C
165

< As of Dec. 13.

.078
.090
164

+5.c
+23. S

+6.3
+93.5
+21.6
+32 9
+52.8
-26.2

.
5, 301, 59C>

5,081
45, 919

+19.4
-3.2

-13.6
+18.1

57,451
510, 72<)

12, 822
1,220

-10.

+19.8

.08'r
.083
.11]
.110
17,)!
172
Revised.

0.
0.
+0.

3, 283, 889
3,364,800
3, 231, 756

6 153, 20*J

2,772,608 -47.7

6

55, 40S
473, 864

-3.6
-7.2

189, 83£
15, 46f

+23.9

-6.0 j
-18.2
-4.7
Cumulative through Oct. 31.

22
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

August

July

September

PER CENT INCREASE (+) OR
DECREASE (— )

1927

October

November

October

November

Nov.,
1928,
from
Oct.,
1928

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

Nov.,
1928,
from

Nov.,
1927

1927

1928

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

TEXTILES— Continued
Cotton Finishing
White, dyed and printed (outside mills) :
Billings, finished goods
thous. of yds_.
New orders, gray yardage _ _ .thous. of yds__
Shipments, finished goods
cases
Stocks, finished goods, end mo
cases__
Operating activity
per ct of capacity
Unfilled orders, end of month
days..
Printed only (mills and outside) :
Production
thous. of yds_.
Stocks, end of month
thous. of yds. .

+7.1
+19.7
+10. 0
-11.6
+8 6
+25. 0

58, 685
62, 310
40, 500
37, 958
51
3.8

70, 748
71, 743
46, 283
35, 819
54
4.4

69, 805
74, 483
45, 767
33, 410
61
5.0

83, 935
87, 175
50, 984
32, 046
66
6.0

82, 700
82, 657
49, 136
36, 566
65
5.5

85, 490
77, 296
50, 175
39, 094
73
5.4

77, 239
69, 073
44, 671
41, 350
61
4.4

— 5. 2
-3.6
+14.1
—1 5
-8.3

49, 996
75, 977

54, 495
74, 682

66, 07G
75, 161

77, 320
73, 687

76, 289
79, 437

64, 943

57, 006

-1.3
+7.8

+33. 8

5,832
40, 931

9,320
50, 821

7,202
47, 797

8,272
49, 940

7,441
47, 709

7,942
47, 827

5,899
45, 947

-10.0
-4.5

+28. 1
+1.6

38, 886
22, 188

50, 975
24, 429

50, 464
22, 781

49, 381
26, 676

49, 805
25, 373

62, 356
25, 967

52, 069
26, 530

+0.9
-4.9

-4.3
-4.4

93.0
52.1
62.7

89.8
54,1
52.1

92.7
54.0
66.?

102.0
50.5
69.3

94. 5
51.8
60.3

84.2
54.2
77.6

88.4
53. 3
77.8

-7.4
+2.6
-13.0

+6.9
-2,8
-22.5

4.851
1.17

4.851
1.16

5. 096
1.16

5. 145
1.16

5.047

5.145
1.20

4.802
1.19

-1.9

+5.1

659
2,949
1.50

1,248
2,976
1.50

924
2,814
1.5C

1,238
2,663
1.50

1, 004

1, 386
1,674
1.50

1,285
1,680
1.50

-18.9

-21.9

0.0

0.0

1,911
1,638
535

2,045
1,895
666

1,601
1,852
647

1,562
1,884
711

1,715
1,989
704

1,692
1,847
435

346
330

394
360

5385
358

426
362

169

159

5 161

178

2,786
2,963
8,916
2,836
4, 711

3,469
3,731
8,648
3,202
4,07C

3. 255
3,755
8,128
3,810
3,957

3,852
4,166
7,849
4 342
3,888

881
942
1, 658
852

1,098
1, 306
1,570
1,236

1, 016
1,402
1, 370
1,213

1,297
1,514
1,228
1,483

1,947

1, 896

1,696

58, 541
18, 449

47, 766
20, 657

43, 617
21, 004

5,038
3, 814
4, 194

5, 562:
4,201
3, 855|

4,795
3,852
4,439

-thous. of dollars

12, 215

12, 110

ratio to capacity
thous. of gross. _

29.7'
10, 8471

thous of gross
thous. of gross. _
thous. of gross..

110
197
163-

Silk
Imports, raw
__
thous. of Ibs
Deliveries (consumption)
bales
Stocks, end of month:
At warehouses
bales
At manufacturing plants
bales
Silk machinery activity:
Broad looms
per cent of normal
Narrow looms
per cent of normal
Spinning spindles
per cent of normal
Prices:
Raw, Japanese, 13-1-5, N. Y_ .dolls, per lb_.
Silk goods, composite
dolls, per yd._
Rayon
Imports
thous of Ibs
Stocks, bonded, end of month. __thous. of lbs__
Price, 150 denier, A grade, N. Y__dolls. per lb__

1.50

935, 608
910, 689
549, 851

822, 082 -12.1
817, 169 -10.3
511,163 i -7.0

720, 439

78, 838
508, 022

80, 722
525, 984 !

+2. 4
+3.5

14, 446

11, 121

23 0

Clothing
Men's and boys' garments cut:
Suits
thous. of garments
Separate trousers.. _ -thous. of garments
Overcoats
__ _ _ _ thous. of garments
Overalls:
Cut
thous. of dozen garments-.
Net shipments. _thous. of dozen garments. .
Unfilled orders
end of mo
thous. of dozen garments--

e 20, 504
6 21, 003
6 4, 883

6 19, 291 -5.9
6 18, 800 I -10.5
e 4, 380 -10.3
6 3, 732
6 3, 264

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 of mo_thous.of dozen pairs. _

e 37, 736
6 37, 784

e 34, 409 !
6 34, 650

e 39, 887

6 34, 472

-8.8
-8.3

4 151
4,294
7,965
4 246
6,481

3 863
3,927
7,568 i
3 838
6,167

1,154
1,189
1,183
1,183

1,181
1,359
1,322
1,147

1,181
1,230
1,073
1,046

-11.0
-21.5
-3.7
-20.2

-2.3
-3.3
+10.3
+ 13.1

1,645

1,620

2, 185

1,967

-1.5

-17,6

30, 874
35,615

31, 503
25, 651

37, 396
16, 705

29, 569
25, 089

+2.0
+0.1

+6.5
+2.2

525, 220
279, 736

5, 857
4,386
3,704

5,270
4, 353
3, 213

3,042
2,649
2,426

3,092
2,382
2, 678:

-10.0
-0.8
— 13 3

+70.4
+82.7
+20.0

39, 211
29, 897

10, 244

12, 576

7, 960

8,843

8,115

-36.7

-1.9

162, 010

128, 535

-20.7

43.6
10, 746

47.7
10, 593

51.0
10, 621

52. 6\
10,761;

54.2
9,604

5 52. 4;
5 9, 675,

+3.1
+1.3

187
227
224

163
241
222

195
262
288

198i
258i
3081

207
274
282

195
253j
284

+1.5
-1.5
+6.9

2, 015
2,387i
2. 744!

2, 085
2,503
2. 659

+3-5
+4.9
-3.1

-13.6

Knit Underwear
Production
thous. of dozen garments
Net shipments
thous. of dozen garments
Stocks, end of mo .thous. of dozen garments
New orders
_ .thous. of dozen garments
Unfilled orders, end
of month_ _ _ .thous. of dozen garments
Burlaps and Fibers
Imports:
Burlaps
thous. of Ibs
Fibers (unmanufactured)
long tons..

11, 765
12, 286

12, 227 '
12, 488 i

+3.9
+1.6

12, 558

12, 365 i

-1.5

568, 313
277, 219

+8.2
-0.9

Pyroxylin Coated Textiles
Pyroxylin spread
thous. of Ibs. .
Shipments billed
thous. of linear yards-.
Unfilled orders, end mo.thous. of linear yards

6

55, 193 +43.3
43, 750 j +46.3

For
Sales by dealers
Buttons
Fresh-water pearl buttons:
Production
Stocks, end of month
Ocean pearl buttons:
Production
Shipments
New orders




s Revised.

6

Cumulative through Oct. 31.

+0.4
+ 11 9i

i
+1. 5j
+2.0
-4-8. 5 i

23

TREND OF BUSINESS MOVEMENTS—Continued
1928
The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

PER CENT INCREASE (+) OR

1927

DECREASE (— )

July

August

September

October

November

October

November

Nov.,
1928,
from
Oct.,
1928

Nov.,
1928,
from
Nov.,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1928

1927

Per ct.
increase
( }
or tdecrease
(-)
cumulative
1928
from
1927

IRON AND STEEL
Iron
Manganese ore, imports
thous . of long tons - Iron ore:
Imports
tlious. of long tons
Shipments from mines.thous. of long tons_.
Receipts —
Lake Erie ports and
furnaces
thous. of long tons
Other ports
. _ thous. of long tons
Consumption
thous. of long tons..
Stocks, end of monthTotal
thous of long tons
At furnaces
thous. of long tons. _
On Lake Erie docks-thous. of long tons_.
Pig-iron production:
Total, United States.. -thous. of longtons..
Merchant furnaces
thous. of long tons..
Canada.. _.
_ .thous. of long tons Furnaces in blast, end of month:
Furnaces
number
Capacity
long tons per day
Per cent of total
per cent
Ohio gray -iron foundries:
MeltingsActual
long tons
Normal
. ...
longtons..
Ratio to normal
per cent of normal. _
Stocks, end of month.. per cent of normal..
Receipts
per cent of normal-Malleable castings:
Production
_. _
__ .short tons
Operating activity
per ct. of capacity _ _
Shipments..
_ ._ .short tons .
New orders
short tons
Wholesale prices:
Foundry, No. 2,
northern
dolls per long ton
Basic (valley furnace).. dolls, per long ton..
Composite pig iron
dolls, per long ton_.

I

-38.5

22

26

15

26

16

15

27

-40. 7

277

188

-32.1

183
8,981

226
9,243

211
8,748

170
8,454

223
4,261

228
6,723

200
2,000

+31.2 +11.5
-49.6 +113.1

2,490
51, 109

2,282
53, 982

-8.4
+5.6

6,078
2,655
4,633

6,390
2, 819
4,761

5,827
2,710
4,608

6,002
2,580
5,025

3,601 i
1,555 1
4,897

4, 929
1, 828
4,024

1, 831
911
3,814

-40.0
-39.7
-2.5

+96.7
+70.7
+28.4

36, 552
14, 044
48, 941

36, 945 +1.1
16, 455 +17.2
51, 826 +5.9

27, 209
21, 824
5,385

31, 754
26, 036
5,718

35, 808
29, 708
6,100

39, 555
33, 082
6,473

40, 080
33, 626
6, 454

42, 164
34, 952
7, 212

41,472
34, 528
6,944

+1-.3
+1.6
-0.3

-3.4
-2.6
-7.1

3,072
607
95

3,137

575
92

3,062
585
91

3,374
644
93

3,303
648
95

2,784
707
38

2,648
710
38

33, 536
8,177
646

34, 470 +2.8
6,905 -15.6
934 +44.6

185
98, 445
54.6

183
98, 730
54.3

197
106, 755
58.1

197
108, 800
58.5

194
108. 575
58.1

172
88, 300
47.6

170
87, 700
47.4

-1.5
-0.2
-0.7

+14. 1
+23.8
+22.6

19, 967
19, 365
103.0
127
107

12, 932
12, 497
103.4
129
99

14, 586
16, 155
90.2
131
90

20, 112
19, 349
103.9
134
103

17, 249
18, 849
91.6
130
95

14, 207
18, 389
77.2
88
60

15, 647
19, 553
80.0
104
74.

-14.2
-2.6
-11.8
-3.0
-7.8

+10. 2
-3.6
+14.5
+25.0
+28.4

173, 772
208, 099

49, 991
58.6
50, 035
49, 564

56, 507
66.9
54, 020
52, 214

52, 227
62.3
51, 208
51, 506

58, 065
68.4
50, 770
51, 569

52, 273
61.9
46, 181
46, 123

43, 074
45.0
38, 433
37, 477

38, 210
40.4
35, 735
32, 925

-10.0
-9.5
-9.0
-10.6

+36.8
+53. 2
+29.2
+40.1

18.41
16.00
17.79

18.26
16.00
17.78

18.64
16.19
18.04

18.86
17.10
18.40

19.39
17.50
18.96

19.26
17.00
18.79

19.21
17.00
18.42

+2.8
+2.3
+3.0

+0.9
+2.9
+2.9

10, 581
12, 302
12, 950
87, 993

12, 881
14, 422
12, 551
86, 141

13, 655
17, 021
14, 504
82, 931

17, 953
22, 621
19, 819
78, 349

16, 846
17, 362
13, 252
77, 785

19, 865
25, 734
25, 917
104, 301

14, 437
19, 972
17, 740
99, 284

-6.2
-23.2
-33. 1
-0.7

+ 16. 7
-13.1
-25.3
-21.7

19, 541
28, 247
32, 164
179, 539

38, 693
36, 212
31, 809
182, 367

26, 760
41, 989
36, 527
167, 063

30, 098
52, 505
53, 522
145, 051

26, 770
36, 328
28, 582
135, 88-j

24, 758
31, 156
30, 400
110, 647

22, 575
29, 156
24, 812
101, 990

11, 388
13, 285
14, 844

15, 914
16, 951
15, 753

13, 770
18, 092
16, 533

12, 853
23, 062
23, 394

10, 825
19, 21fc
16,931

14, 088
18, 156
19, 683
55, 030

-2.1 +24.7
-8.7
+0.6
+2.2 +150.0

179, 756
179, 147

+3.4
-13.9

544, 887

595, 514

+9.3

524, C67
482, 098

564, 121 +7.8
557, 192 + 15.6

235, 317
213, 610
214, 785

148, 703 -36. 8
150, 281 -29.6
145, 598 -32.2

-11.1 +18.6
-30.8 +24.6
-46.7 +14.9
-6.3 +33.2

260, 002
235,824J
234,898

327, 239 +25.9
310,366 +31.6
311,608 +32.7

11, 251
17, 540
16, 154

-15.8
-13.7
-27. 6

-3.8
+9.6
+4.8

165, 891
148, 848
152, 836

153, 671
141, 557
153, 270

49, 302

-13.2

+11. 1

Cast-Iron Boilers and Radiators
Round boilers:
Production
thous of Ibs
Shipments
thous. of Ibs
New orders
thous of Ibs
Stocks, end of month
thous. of Ibs
Square boilers:
Production
thous . of Ibs. .
Shipments
.
thous. of Ibs
New orders
thous. of lbs._
Stocks, end of month
thous . of Ibs. .
Radiators:
Production. -thous. sq. ft. heating surface..
Shipments... thous. sq. ft. heating surface. .
New orders _-thous. sq. ft. heating surface-Stocks, end of
month
thous. sq. ft. heating surface
Gas-fired boilers:
Shipments
dollars. .
Shipments
thous. B t u
Production
thous B t u
Stocks, end of month.thous. B. t. u

78, 279

77, 267

266, 627
224, 098
125, 000
852, 822

288, 954
239, 048
168, 547
778, 337

3,812
81
83

72, 902

-7.4
-0.9
+0.3

63, 082

54, 776

265
000
376
687

351, 367
274, 760
187, 196
596, 143

250, 315
202, 868
233, 073
598, 518

4,178
82
89

4, 148
88
100

4,648
91
109

4,259
87
108

3,316
6S
56

3,127
65
81

3, 571

3,624

3, 698

3,751

3,673

3,341

3,455

78, 324
54
27, 501
50, 823

87, 330
61
27, 157
60, 173

75, 356
52
25,311
50, 045

s 87, 058
60
s 29, 313
5 57, 745

81, 913
57
30, 739
51, 174

62, 409
43
21, 947
40, 462

59, 008
41
19, 146
39, 882 |

59
-5.0
+4.9
-11.4

+38.8
+39.0
+60.6
+28.4

906, 394

934, 911

+3.1

351, 296
555, 099

344, 862
590, 049

-1.8
+6.3

66, 667
46
20, 483
46, 184

80, 862
56
25, 171
55, 691

82, 329
57
35, 234
47, 095

5 78, 082
54
5
26, 629
5 51, 453

84, 304
59
34, 526
49, 778

51, 748
36
16, 625
35, 123

62, 694
43
27, 639 1
35, 055

+8.0
+9.3
+29. 7
-3.3

+34.5
+37.2
+24.9
+42.0

841, 756

899, 174

+6.8

344, 991
496, 765

345, 809 ! +6.2
553, 365 +11.4

267, 685
82.2

329, 396
92.8

318, 907
101.0

369, 243
103.5

358, 402
104.8

245, 765
71.7

232, 041
65.9

-2.9
+1.3

+54.5
+59.0

3, 027, 146

3, 645, 771 +20.4

161, 933
55, 280
278, 310
333, 357
550, 468

154, 461
51,636
324, 691
254, 397
498, 023

146, 832
44, 519
322, 876
370, 936
539, 960

150, 600
49, 800
354, 925
344, 614
525, 161

174, 028
63, 014
307, 790
346, 041
565, 739

145, 980
50, 518
232, 626
234, 358
308, 264

145, 644 +15.6
52, 966 ! +26.5
224, 789 -13.3
344, 519
+0.4
+7.7
437, 306

+19.5
+19.0
+36.9
+0.4
+29.4

2, 930, 484
2, 824, 497

3, 483, 409 +18.9
3,471,205 +22.9

395,
322,
169,
622,

-28.8
—26. 2
+24. 5
+0.4

1

2, 510, 193
9. O9K 1K2

1, 860, 673

Crude Steel
Steel ingots, production:
United States, total
thous. of long tons..
Ratio to capacity
per cent...
Canada
_.
thous. of long tons
U. S. Steel Corporation,
unfilled orders, end mo_thous. of long tons. _
Steel castings:
Production —
Total
short tons
Ratio to capacity
per cent-Railroad specialties
short tons..
Miscellaneous.
._ short tons..
New ordersTotal
_. .short tons
Ratio to capacity
per cent..
Railroad specialties
short tons. .
Miscellaneous
..shorttons
Sheets, black, blue, galvanized, and
full finished:
Production —
Total
net tons__
Ratio to capacity
per cent_.
Stocks, end of month —
Total .
net tons
Unsold... ._
net tons
Shipments
net tons
New orders
net tons
Unfilled orders, end of month
net tons__
5

Revised.




-8.4
-4.4
-0.9

+36. 2
+33.8
+33.3

40, 222

45, 838 +14.0

811

1,138 +40.3

+6 3

24
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

!
|

PER CENT INCREASE (+) OR
DECREASE (— )

1937

Nov.,
July

August

September

October

November

October

November

1928,

from
Oct.,
1928

Nov.,
1928,
from
Nov.,
1927

Perct.
increase

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

or decrease

cumulative
1928
from
1927

1927

1938

6, 186, 342

6, 846, 672 +10.7

6, 170, 115

6, 853, 813 j +H.1

IRON AND STEEL— Continued
Crude Steel— Continued
Steel barrels:
Production
Ratio to capacity
Shipments

barrels
per cent
barrels..

9,706

-14.1
-13.5
-14.0
-8.0
+15.5
-11.7

187
257

215
282

207
257

236
269

210
255

216
199

186
174

-11.0
-5.2

+ 12.9
+46.6

32.00

32.00
34.93

32.00

32.80
35.48

33.00
35.92

33.00
35.75

33. 00

0.0
+1.5
+8.6
+2.0

+3.2
+3.2
+16.7
+16.7

2, 805, 000

3, 041, 250

+8.4

2, 655, 000

2, 902, 500

+9.3

+0.6 +98.5
0.0 +100.0
+35.1 +263. 0
-7.8 +73.5

462, 049

492, 122

+6.5

197, 607
379, 872

227, 608 +15.2
464, 863 +22.4

+14.7
+14.1

14, 894
14, 826

15, 403
14, 448

0.0
-9.6
-16.1 +8.2
-8.6 +21.4

27,910

28, 365

31, 929 +12.6
32, 365 +16.0

677, 313
57.8
675, 600
57, 544
Unfilled orders, end of month
barrels.. 1,243,412 1, 064, 358
Track work, production.
.short tons..
11, 776
11, 040

Iron, steel, and heavy hardware
sales
rel. to Jan., 1921
Lock washers, shipments. ._ _ thous. of dolls __
Wholesale prices:
Steel billets, Bessemer, .dolls, per long ton..
Iron and steel, comp... dolls, per long ton..
Structural steel beams. ..dolls, per 100 lbs__
Composite finished steel dolls per 100 Ibs

647, 844
55.5
645, 881
55, 831

34.91
1.85
2.48

1.85
2.48

593, 255
50.2
595, 640
55, 059
996, 820
10, 767

656, 021
56.4
661, 009
50, 071
823, 872

9,493

35.17
1.85
2.50

563, 647
578,408
48.8
51.6
572, 893
568, 353
46, 062
59, 453
951, 497 1, 000, 559
8,379
9,914

500, 909
45.6
497, 345
63, 017
845, 789

+12.5
+7.0
+14.3
-26.9
+12.5
-13.7

1.80
2.48

1.75
2.47

+0.6
+1.2
+2.7
0.0

243, 750
65
288, 750
77

288, 750
77
251, 250
67

236, 250
63
247, 500
66

+1.6
+1.6
-10. 5
-10.5

54,282
68
32, 381
46, 902

47, 090
58
18, 648
27, 656

27, 341
34

1.85
2.52

1.90
2.52

240, 000
318, 750
85
64
277, 500 « 322, 500
74
586

35.39

151, 492

2,599

128, 584

-15.1

2,907 +11.9

1

Fabricated Steel Products
Structural steel, fabricated:
5 300, 000
New orders (prorated)
short tons
356, 250
580
Ratio to capacity
per cent
95
Shipments (prorated)
short tons.. 273, 750 s 292, 500
73
Ratio to capacity
per cent
«78
Steel plate, fabricated, new orders:
35, 959
47, 245
Total „
.
short tons
47
Ratio to capacity.
per cent..
60
16, 881
24, 807
Oil-storage tanks
short tons
39, 943
42, 993
Steel bars, cold finished, shipments.short tons..
Steel boilers, new orders:
1,615
Quantity.
__ .number
1,647
1,528
Area
thous. of sq. ft..
1,457
Steel furniture:
Business group2,515
Shipments
..thous. of dolls..
2,565
2,594
New orders.
thous. of dolls..
2,619
2,072
Unfilled orders, end mo.thous. of dolls. _
2,118
Shelving723
Shipments
thous. of dolls..
836
713
New orders
thous. of dolls
863
706
Unfilled orders, end mo.thous. of dolls..
734
Iron and steel:
253, 336
Exports
long tons
287, 297
33, 465
54, 062
Imports
._
.
long tons
Enameled Ware
Baths:
Shipments . . .
. pieces
Stocks, end of month
__
.pieces..
New orders
pieces..
Unfilled orders, end of month
pieces..
Lavatories:
Shipments
pieces
Stocks, end of month
pieces..
New orders. ..
_
.pieces
Sinks:
Shipments
pieces..
Stocks, end of month
pieces
New orders
pieces. _
Miscellaneous sanitary ware:
Shipments
pieces..
Stocks end of month
pieces
New orders
pieces..
Small ware (all except baths) :
Unfilled orders end of month
pieces
Enameled sheet-metal ware:
Shipments
dozen pieces
Porcelain flat ware:
New ordersTotal
thous. of sq. ft
Ratio to capacity
per cent
Shipments —
Total
thous of sq ft
Ratio to capacity
per cent

5

40, 281
50
18, 572
43, 893

53, 983
23, 960
50, 867

8,920

27, 026

1,425
1,257

5
4

1, 518
1, 327

1,416
1,284

1,270
930

1, 235
1,125

2,754
2,689
2,062

«5 3, 159
3, 193

2,857
2,678

2,380

2,411
1,574

2,856
2,476

1,914

678
800
754

954
959
760

916
875
721

619
551
666

591
575
651

-4.0
-8.8
-5.1

+55.0
+52.2
+10.8

6,686
6,732

8,506 +27.2
8,772 • +30. 3

228,056

47, 685

256, 870
50, 176

256, 886
50, 038

170, 255
39, 516

177, 928
51, 185

0.0
-0.3

+44.4
-2.2

2, 012, 542
497, 837

2, 641, 187 +31.2
548, 088 +10.1

88, 558
143, 824
85, 368
34, 980

74, 832
151, 673
71, 446
29, 663

-26.3
+12.3
-20.0
+1.6

-8.2
+9.3
+1.6
+53.6

1, 073, 182

1, 056, 848

-1.5

1, 078, 790

1,155,965

+7.2

44,842

68, 673
165, 798
72, 567
45, 561

99, 250
180, 651
5 91, 575

78,919

101,961

79, 630 -20.5
201, 577 - +8.1
77, 309 -11.1

-0.9
-3.
+5.

1, 182, 791

195, 223
81, 394

1, 192, 200 !

+0.8

1, 192, 409

1, 299, 572 ! +9.0

«2,095

111, 067
113, 430
101, 603
101, 560

103, 878
122, 167
96, 876
68, 263

86, 342
134, 749
76, 074
53, 303

93, 174
147, 656
90, 665

120, 600
164, 830
104, 262

1 14, 070
161, 276
102, 140

94, 383
168, 211
89, 126

5

122, 593
213, 539
116, 236

216,338

116, 497
96, 830

101, 777
216, 255
99, 749

5
6

5 111, 740
230, 725
110, 396

89, 399
242, 324
92, 580

48, 550
110, 330
41, 605

54, 003
95, 958
41, 692

44, 910
103, 509
44, 707

5 46, 129
8
116, 110
5 43, 899

44, 237
125, 079
37, 923

130, 813

5

197, 121
97, 263

117,303

220, 875
108, 774
46, 100

134,307

46, 758

1,577

86, 117
230, 148
85, 933

-20.0
+5.0
-16.1

+3.
+5.
+7.

41, 106
132, 116
38, 779

-4.1
+7.7
-13.6

+7.
—5
-2.

+1.3

+34.

274, 135

174, 072

155,483 5 129, 154

99, 514

97, 482

277, 684

358, 811

352, 484

417, 387

322, 081

287, 115

4,457

6, 233
55

6,551
58

7,428

9,578

5,308

40

66

63

43

4,665

5,495

7,700

6,394

49

6,108
54

6,889

41

54

50

86, 922
71, 570
1,743

79, 422
64, 082
1,414

40, 443
1,758

36, 130
1,461

68

-6.7
-3.2

+3.4
-2.5

1, 238, 713

1, 242, 542 | +0.3

1, 247, 000

1, 353, 339 ;

+8.5

528, 566

523, 186 !

-i.o

520, 049

533, 264 j +2.5

e 3, 322, 535 63,540,547!

+6.6

662,905

659,027

-6.2

664,815!

660,256

-7.0

Machinery
57, 702
Vacuum
cleaners shipments
number
WTashing machines, shipments:
78, 564
Total
number
62, 337
Electric
number
1,218
Water softeners, shipments
units..
8,815
Water systems, shipments
units
Pumps:
Domestic shipments38, 867
Pitcher, hands, etc.
units..
2,251
Power, horizontal type.
units ..
Steam, power, and centrifugal1,460
New orders.
thous. of dolls..
1,553
Shipments
thous. of dolls
2.984
Unfilled orders, end mo thous. of dolls
5 Revised.




8 814,761i . .

65, 164

89, 222

96, 528

92, 955
74, 253
1,402
9,471

98, 065
80, 770
1,187

92, 071
76, 757
1, 505

9,668

8,500

48, 729

2,528

40, 677
2,011

39, 946

35, 862

1,579
1,520
3. 023

3.056

1,405
1,369

1,708
1,634
3.128

1,494
3.714

8,495

2,728

1,125

8,365

7,079

-25.2 -20.4
-12.1 +20.1

6795,139
6654,580

17, 012
77, 840

6851,893
6691,736
15, 261
92, 447 !

+7.1
+5.7
-10.3
+18.8

-10.2
-23.4

-0.7
+43.0

461, 351
11, 688

487, 721 I +5.7
23, 820 +103.8

1,300
1,403 +22.0
-8.6
1,294
1,303
2.950
3.092 +18.7
6 Cumulative through Oct. 31.

+48.5
+15.5
+20.1

15, 879
15, 544

16, 574 j +4.4
15, 771 +1.5

2,089

2,084

25
TREND OF BUSINESS MOVEMENTS—Continued
1938
The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

September

PER CENT INCREASE (+) OR
DECREASE (— )

1927

October

November

October

November

Nov.,
1928,
from
Oct.,
1928

Nov.,
1928,
from
Nov.,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1927

1928

Per ct.
increase
( }
or tdecrease
(-)
cumulative
1928
from
1927

IRON AND STEEL— Continued
Machinery— Continued
Agricultural machinery and equipment:
ShipmentsTotal
rel. to 1923-25
Domestic
rel to 1923-25
Foreign
rel to 1923-25
Production
rel to 1923-25
Foundry equipment:
New orders
rel to 1922-24
Shipments
rel to 1922-24
Unfilled orders end of mo rel to 1922-24
Stokers, mechanical, sales:
Quantity
.
number
Power _.
horsepower
Machine tools:
New orders
rel to 1922-24
Shipments
rel to 1922-24
Unfilled orders, end of mo.._rel. to 1922-24..
Electric hoists:
New ordersQuantity
number
Value _ .
dollars
Shipments
dollars.
Electric overhead cranes:
Shipments
_. __thous. of dolls
New orders
thous. of dolls
Unfilled orders, end of mo... thous. of dolls,.
Woodworking machinery:
New orders
thous. of dolls..
Cancellations
thous of dolls
Unfilled orders, end of mo.. .thous. of dolls..
Shipments
thous. of dolls..
Shipments
number of machines
Electric industrial trucks and tractors:
Shipments, domestic—
Tractors
number of vehicles
All other types
number of vehicles..
Exports
_
number of vehicles
Fire-extinguishing equipment, shipments:
Motor vehicles
number
Hand types
_ _
number..
Patents issued:
Total, all classes
number
Agricultural implements
number
Internal-combustion engines
.number..

+20.8
+1.1
+92.0
+29.6

213.7
207.8
244.7
142.0

219.7
187.6
387.5
146.1

179.3
145.8
354.0
145.5

5153.4
5 129. 1
5 280. 3
5 148. 5

105.5
80.9
241.1
149.0

5121.5
« 110. 7
178.0
5112.4

87.3
80.0
125.6
5115.0

94.8
124.8
332.1

278.0
154.1
467.2

170.0
129.7
529.5

185.0
254.3
462.6

197.8
264.0
403.9

98.0
113.4
106.3

95.8
97.2
105.8

186
58, 670

162
51, 572

161
65, 060

100
27, 219

116
30, 938

95
27, 222

67
16, 955

204
181
420

241
208
428

266
205
441

284
221
504

29,0
242
563

133
152
231

134
149
214

+2.1 +116.4
+9.5 +62.4
+11.7 +163. 1

394
204, 636
177,404

402
180, 365
193, 248

447
228, 510
172 986

405
209, 594
202, 829

522
258, 867
215, 863

270
114, 835
121,445

223
102, 238
139,066

+28.9 +134. 1
+23.5 +153.2
+6.4 +55.2

463
733
1,800

564
821
1,952

464
713
2,188

806
775
2,165

701
725
2,189

764
566
2,117

637
525
1,975

-13.0
-6.5
+1.1

+10.0
+38.1
+10.8

8,546
7,390

6,503 -23.9
7,039 -4.7

1,247
32
1,838
1,264
932

1,641
6
2,058
1,436
1,170

1,639
26
2,265
1,413
1,050

1,585
140
2,035
1,666
1,170

1,295
21
1,838
1,502
985

1,144
23
975
1,124
872

1,075
12
997
1,152
854

-18.3 +20.5
-85.0 +75.0
-9.7 +84.4
-9.8 +30.4
-15.8 +15.3

13,732
163

15, 601 +13.6
389 +138. 7

14,336
11, 362

14,863
11, 065

5
87
15

5
85
6

11
102
5

5
109
20

8
117
6

11
81
17

15
64
19

105
48,897

125
47,490

143
42, 193

139
49, 128

114
41, 157

108
48,472

3,107
44
59

3,390
29
43

3,039
40
42

4,323
59
67

3,494
39
63

73,426
83, 875
135, 092
153, 190
82, 245
47, 855

76, 952
88, 517
143, 560
158, 838
83, 398
41, 186

s 78, 341 586,480
85, 795 100, 720
137, 018 149, 199
154, 518 s 174, 623
88, 707 100, 371
36,190
45, 168

54, 871
257, 673
.1453

54, 793
254,433
.1453

51,812
45, 648
255, 727 s 257, 963
.1472
.1520

367
365
1,124
346
247

430
387
1,120
408
285

403
423
1,099
412
320

405

457

453

-31.2
-37.3
-14.0
+0..3

+6.9 +106. 5
+3.8 +171.6
-12.7 +281.8
+16.0
+13.7

+73.1
+82.5

1,291
451, 400

1,388
459, 475

+7.5
+1.8

4,770 +57.9
3,021
1,497,119 2, 269, 277 +51.6
1,438,094 2, 052, 120 +42.7

+60.0
+7.3
-70.0

-46.7
+82.8
-68.4

127
917
119

111
43, 723

-18.0
-16.2

+2.7
-5.9

1,320
540, 713

3,185
57
73

4,232
61
60

-19.2
-33.9
-6.0

-17.4
-36.1
+5.0

38, 561
574
744

85,462
103, 137
155, 448
180,813
99, 822
45, 171

68, 959
83, 551
124, 927
145, 278
68, 619
41,317

68,080
79, 878
118, 269
141, 975
59, 264
41, 129

-1.2
+2.4
+4.2
+3.5
-0.5
0.0

+25.5
+29.1
+31.4
+27.4
+68.4
+9.8

762, 756
882, 789
1, 347, 583
1, 509, 385
763, 982
472, 250

52, 153
261,813
.1578

83, 882
246, 354
.1296

90, 874
250, Q14
.1332

+14.3
+1.5
+3.8

-42.6
+4.7
+18.5

466
442
1,058
419
266

432
446
1,187
476
332

464
470
1,161
442
292

459

412

366

+3.7
-2.6

95 -25.2
1,089 +18.8
128 +7.6

1,203
514, 924

-8.9
-4.8

39, 066 +1.3
462 -19.5
586 -21.2

NONFERROUS METALS
Copper
Production:
Mines
_
short tons..
Smelter
short tons
Refined (N. and S. America). ..short tons..
World production, blister
short tons..
Domestic shipments, refined
short tons..
Exports
short tons
Stocks (North and South America), end of mo.:
Refined
short tons
Blister
short tons
Wholesale price, electrolytic
dolls, per lb_.

823, 554 +8.0
956, 708 +8.4
1,479,944 +9.8
1,705,231 +13.0
898, 571 +17.6
511, 445 +8.3

Wire Cloth
Production
Shipments
Stocks, end of month
New orders
Unfilled orders, end of mo
Make and hold orders, end
of month

thous ofsq ft
thous. ofsq. ft..
thous. ofsq. ft..
thous of sq ft
thous. ofsq. ft_.
thous of sq ft

6 4, 507
6 4, 168

6

6 4, 378
4, 123

-2.9
-1.1

71, 710

+5.5

Tin

Deliveries (consumption)
Stocks, end of month:
World visible supply
United States
Imports
Wholesale price Straits N Y

long tons

5,545

7,200

6,885

6,475

7,145

6,005

5,665

+10.3

+26.1

long tons
long tons
long tons
dolls per Ib

18, 022
2,878
4,772
.4704

18, 456
1,718
6,584
.4801

19, 924
3,508
8,187
.4807

20, 907
4,598
8,048
.4897

22, 067
3,603
6,221
.5075

14, 684
3,158
7,179
.5850

14, 594
2,003
4,876
.5763

+5.5
-21.6
-22.7
+3.6

+51.2 "
+79.9
+27.6 |
-11.9
I

62,384
53.9
50, 890
42, 210

66, 428
57.4
52, 157
44, 416

61, 965
53.4
49, 361
47, 915

59, 832
51.5
50, 259
46, 068

61, 544
53.0
50, 260
46, 542

76, 067
57.9
50, 185
36, 223

76, 627
58.3
49, 217
39, 320

+2.9
+2.9
0.0
+1.0

43, 227
31, 679
.0620

43, 466
39, 303
.0625

41, 429
48, 474
.0625

41, 165
53,209
.062

49,246
51, 013
. 0626,

76, 430
29, 776
.0600

49, 830
39, 296
.0575

Zinc
Reports in operation, end of month, .number..
Per cent of total .
.
per cent
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_.
« Revised.




-19.7
-9.1
+2.1
+18.4

-1.2
+19.6
-4.1 +29.8
+0.2
+8.9

67, 955
1""
67, 247

""
75, 258 +11.9

+1.4

561, 201

569, 004

634, 450

518, 074 -18.3

26

TREND OF BUSINESS MOVEMENTS—Continued
1928
The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August 1 »-

PER CENT INCREASE (+) OR
DECREASE ( — )

1937

October

N

°berm"

November

October

Nov.,
1928,
from
Oct.,
1928

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

Nov.,
1928,
from
Nov.,
1927

1927

1928

Perct
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

NONFEBROUS METALS— Continued
Lead
Production ..
short tons
Ore shipments:
Joplin district
short tors
Utah
_.
.
short tons-Receipts in U. S. ore
short tons
Stocks, U. S. and Mexico, end mo_ -short tons..
Price, pig, desilverized, N. Y
dolls. perlb..

48, 671

53, 403

55, 167

5 58, 118

59, 698

56, 134

57, 703

+2.7

+3.5

630, 453

595, 582

— 5. 5

6,623
56, 395
49, 305
158, 919
.0622

6,125
78, 811
53, 575
156, 976
.0625

9,326
65, 353
51, 978
155, 385
.0645

10, 514
71, 887
55, 810
152, 746
. 0650

9,102
91, 538

8,207
70, 752
57, 035
155, 568
.0626

13 4
+27.3

+10.9
+29.4

91, 020
739, 349
546, 063

88, 309
786, 422
6 528, 724

-3.0
+6.4
3 2

.0639

7,864
66, 157
53, 017
155, 868
. 0625

-1.7

+2.1

4,693
900
3,793

4, 756
939
3,817

5,308
999
4,309

5,796
1,191
4, 605

5, 660
1,274
4,386

5, 115
1, 255
3,860

4,506
1,186
3,320

-2.3
+7.0
-4.8

+25. 6
+7.4
+32.1

55, 646
11,812
43, 834

54, 721
11,501
43, 219

-1.7
-2.6
-1.4

266, 219
110, 104
134, 350
21, 76f

325, 688
147, 470
161, 034
17, 184

448, 155
188, 711
216,481
42, 963

579, 715
244, 512
270, 417
64, 786

469, 884
197, 028
242, 561
30, 295

550, 345
216, 526
299, 785
34, 034

563, 667
201, 341
327, 470
34, 856

-18.9
-19.4
-10.3
-53.2

-16.6 4,920,116
-2.1 1, 823, 469
-25. 9 1 2, 823, 856
272, 791
-13.1

114, 343
121, 41c

127, 797
142, 487

150, 845
139, 183

153, 813
152, 258

131, 792
103, 2SO

151,495
141, 101

112, 690
110, 275

-14.3
-32.2

+17.0
-6.3

1, 576, 452
1, 597, 908

61, 688
47, 85f

37, 846
44, 377

55, 850
50, 606

5", 4 19
5-S5J3

33, 553
34, 012

39, OOG
41, 368

35, 602
28, 578

-40.6
-37. 7

+19! o

402, 990
404, 148

74, 230
236, 052
468, 903
2 945
879
1,273

69, 195
178, 583
446, 991
2,134
1,092
1,361

6

Other Metal Products
Babbitt metal, consumption:
Total apparent
.thous. of lbs_.
Direct by producers
thous. of Ibs
Sale to consumers
thous. of Ibs
Band instruments, shipments:
Total
dollars
Cup mouthuieces
dollars
SaxoDhones
dollars
Woodwind.
dollars..
Pails and tubs, galvanized:
Production
dozens
Shipments
dozens
Other galvanized ware:
Production
dozens
Shipments
..dozens..

4, 293, 619 -12.7
1, 764, 119 -3.3
2, 198. 496 -22.1
331,004 +21.3
1, 682, 702
1, 660, 599

+6.7
+3.9

479, 386 +19.0
457, 854 +13.3

Electrical Equipment
Electrical porcelain, shipments:
Standard
dollars
111,803
106, 503
128, 255
112, 210
Special
_ ..-dollars-132, 762
129,813
148, 999
129,587
High tension
dollars.637, 602
649, 599
493, 067
539, 810
Glazed nail knobs _
thous. of pieces. _
4, 07G
4,328
4,213
5,257
Unglozed nail knobs
thous. of pieces. _
2,065
2,401
2, 796
3,012
Tubes
..thous. of pieces. _
2,694
3,237
2,542
2,807
Laminated phenolic products,
shipments
.-dollars _ 1, 125, 767 1, 356, 179 1, 243, 476 1, 365, 690
Outlet boxes and covers, shipments
pieces. . 2, 769, 866 3, 049, 567 2, 915, 560 3, 123, 321
Vulcanized fiber:
Shipments, total
thous. of dolls..
561
591
568
649
Consumption
thous. of Ibs
2, 606
2,362
2, 805
2,971
Industrial reflectors, sales
units. _
115,929
122, 124
126,151
156, 243
Power cables, shipments
thous. of ft 1,738
2,197
2,138
2,384
Flexible cords:
Shipments
thous. of ft..
37, 328
43, 854
51, 062
54, 973
Stocks, end of month ... ...thous. of f t _ .
46,411
47, 351
44, 193
43, 214
Welding sets, new orders:
Single operator
units
294
234
228
297
Multiple operator
units _
10
8
58
Nonmetallic conduits, shipments. .thous. of f t _ _
6, 373
8,804
6, 960
7,376
Electric furnaces, new orders
kilowatts..
4, 861
6,493
4,226
4,719
Manufactured mica:
Shipments
thous. of dolls _ _
265
283
247
302
Unfilled orders, end of mo-.thous. of dolls..
304
285
290
326
Delinquent accounts, electrical trade:
Amount
dollars
163, 281
151,476
167, 136
141, 101
Delinquent
firms
number..
1,191
1,384
1,223
1, 257
Radio equipment, dealers' stocks, end quarter:
7
Receiving sets
. pieces _ _
8 90. 486
52, 877
3 67. 265
• 42, 158
Loud speakers
pieces. _
Batteries __
..
__
. pieces _ 7 7177, 505
s s293, 000
;
Socket-power units... __.
pieces _ 7 19 696
25 206
Tubes, receiving
pieces _. 7401, 654
s 683, 984
i
» 43. 7P.fi
Tubes, rectifying
pieces
26,461

6 788, 851
1, 423, 69^

940, 563
679, 369
2, 577, 732 2, 728, 841
!
i

748
2, 030
140, 346

667
1,929
141, 392

52, 494
47, 566

55 603
46, 332

153
37
9,614

123
11
9,017

6
6

6
846, S89 4-7.4
1, 276, 983 -10.3
5, 6188, 138
31, 954
6
17 705
e 17, 736

6 1, 579, 23e 6 10, 080, 800 +53.2
22, 374, 101 » 27, 939, 148 +24.9

6

!

6 7; 649
6 6, 288
17.8
6 24, 691
6 27, 396 +11.0
8 1, 252, 827 6 1. 6248. 038 -0.4
19, 485
e 418, 981
6

1, 368
6 iQo
98, 094

6

'

62,321
+69.7
6
183 +14.4
77,067 -21.4
6 48, 852

6

i

147, 737
1,107

148, 358
1,286

-9. 5
— 11.9

-0.4
— 13 9

9 72, 908
9 67, 141
9 298, 376
941,332
9 523, 839
f 36, 208

+71.1
+59. 6
+65.1
+28. 0
+70.3
+65.4

+24. 1
+0.2
-1.8
-39. 0
+30. 6
+20.9

219, 682
183, 042
36, 640

134, 370
109, 758
24, 612

-35. 3
-36.1
-30. 5

+91.2 3, 267, 755| 4, 124, 225 +26.2
+97. 9 i 2, 840, 518! 3, 621, 469 +27. 5
427, 237
' 502, 756 +17.7
+61. 2 !

7,748
6, 225
5 1, 523

6,617
5,173
1,444

-36.5
-37.4
-34.5

27, 718
19, 366
8, 352

31, 405
21, 396
10, 009

3,507
2,380
1,127

3, 876
2,403
1,473

156, 606
1, 365

-i

AUTOMOBILES
Production:
United StatesTotal

number of cars. _
392, 076; 461, 298 s 415, 285
338, 792
400, 593' 358, 872
Trucks
number of cars
53, 284
60, 705
« 56, 413
CanadaTotal _. _ _ _
number of cars. .
25, 226
31, 245!
21, 193
Passenger cars
number of cars
20, 122;
24, 274'
16, 572
Trucks ...
number of cars
5, 104;
6, 971
4, 621
Exports (assembled)'
I
From United StatesTotal
number of cars
51, 679
49, 007
30, 559
Passenger cars
number of cars
38, 880:
32, 815
22, 494
Trucks _ .
number of cars
12,790
16,192
8,065
From CanadaTotal
number of cars
8,021
11, Oil 1
8,670
Passenger cars
number of cars
6, 545 i
7, 985
6, 279
Trucks
number of cars
1, 476:
3, 0261
2, 391
Shipments (General Motors Co.)—
To dealers
.
number of cars. . 169, 473
186, 653
167, 460
To users
number of cars..
177, 728
187, 463
148, 784
5
Revised.
3 Cumulative through Oct. 31.
' Quarter ending June




5 397, 096
5 339, 976
5 57, 120

256, 936
217, 256
39, 680

18, 536
13, 016
5,520

11, 769
8, 154
3,615

46, 524
29, 951
16, 573

i

9,705
6, 696
3,009
120, 876
140, 883i

30, 1928.

5

+77. 9
+57. 6
+150. 3 ;

175, 321
143, 948
31, 373
6338,924
6 248, 750!
6 90, 174

1

!

6
6

51, 345
35, 639!
6 15, 705

232, 957 +32.9
190, 003 +32. 0
42, 954 +36.9
M31,107 +27.2
318, 444 +28.0
8 112, 654 +24.9

6

6
6

64, 319 +25.3
46, 556 +30. 6
6 17, 763 +13.1

-60.6 -17.4 1 1. 502, 677 1, 775, 365 +18.1
-35. 1 +13. 5 1, 500, 8171 1, 809, 001 +20. 5
9
» Quarter ending Sept. 30, 1928.
Quarter ending Sept. 30, 1927

47, 587
91,410

128, 459
153, 833

57, 621
80, 539

27

TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

Se

^m-

!
i

October

November

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

October

November

Nov.,
1928,
from
Oct.,
1928

Nov.,
1928,
from
Nov.,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1927

1928

Per ct.
increase
(+)
or decrease
(-)
cumu| lative
1928
from
1927

AUTOMOBILES— Continued
Accessories and parts:
ShipmentsOriginal equipment- .rel. to Jan., 1925. _
Replacement parts-..rel. to Jan., 1925__
'Vccessories
rel to Jan 1925
Service parts
rel to Jan. 1925
Exports
thous. of dolls
Rim production
- thous. of rims. _
New passenger-car registrationsTotal
number of cars _
Highest price group
number of cars..
Second highest group
number of cars_.
Third highest group
number of cars..
Lowest price group
number of cars
Miscellaneous
. -number of cars

203
148
112
120
12, 571
2,210

230
176
147
148
13, 858
2,319

218
185
122
140
10, 079
2,316

200
184
91
141
17, 523
2,115

324, 021
11, 310
67, 902
84, 248
159, 916
645

329, 827
11,482
76, 968
76, 158
161, 682
537

271, 782
11, 600
60, 730
61, 579
137, 403
470

284, 656
12, 264
56, 936
59,451
155, 514
491

36, 276
5 1,340
1, 503

41, 108
5 1, 552
1, 618

41,301
'• 1, 410
1, 577

50, 360
1,702
1,497

46, 041
1,695
1,617
333

163
149
78
122
1, 213

124
174
103
120
6,600
1,385

99
132
75 1
143
7,501
839

£ 186, 127
s 10, 675
55 48, 859
53, 939
s 71, 759
*895

-18.5
-19.0
-14.3
-13.5

+64.6
+12.9
+4.0
-14.7

-42.6

+44.6

i

6 88, 694
18, 877
6 2, 401, 862 6
6 96, 053
<5 578, 626
6 597, 502
6 1, 116, 198 e
e 13, 483

132, 487
9,315
33, 834
37, 951
51, 093
294

6 119,042 +34.2
23, 142 +22.6
2, 766, 528
6 113, 274'
e 591, 577]
6 743, 397
1,311,871
6 6, 409

+15.2
+17.9
+2.2
+24.4
+17.5
-52.5

449, 375
15, 968
13, 346

-5.7
+2.7
-12.6

3,616'

-5.0

33, 758
76, 669;

-2.5
-3.4

FUELS
€oa! and Coke
Bituminous:
Production —
United States
thous. of short tone..
Canada
thous. of short tons..
Exports
. thous. of long tons
Consumption—
Bv vessels
thous. of long tons
By electric-power
pl'^n+s
thous of short tons
By railroads
thous. of short tons__
By coke plants —
United States
thous. of short tons...
Ca.'np'^i
thous of short tons
PricesMine aver, (spot) --dolls, per short ton..
Wholesale, comp__dolls. per short ton..
Retnil, Composite dolls, per short ton
Anthracite:
Production . _
thous. of short tons
Exports
thous. of long tons..
Pr icesWholesale, romp dolls, per long ton
Retail, composite.. dolls, per short ton..
Coke:
Production, U. S.—
Beehive
^bous of ^hort tons
By-product
thous. of short tons..
Production, - Canada.-thous. of short tons__
Exports
thous of long tons
Price, furnace,
Connellsville
dolls, per short ton

314

356

313

417

3,170
7,002

3, 441
7,403

5 3, 421
7,627

5 3, 828
8,433

6, 046
279

6, 194
269

6, 180
270

6,726
294

1.70
3.984
8.69

1.76
4.009
8.74

1.81
4.019
8.84

40, 468 !
1,757 i
1,121

43, 827
1,480
1,252

-8.6
-0.4
+8.0

+13.8
-3.5
+44. 2

-20.1

-8.3

351

363

3,668
* 8, 417

3,563
7,847

6, 579
284

6,006
223

5,626
229

-2.2
-3.4

+16.9
+24.0

1.87
4.020
8.96

1.82
4.008
9.07

1.95
4.199
9.33

1.90
4.160
9.32

-o.'s

o"

-4.2
-3.7J
-2.7

7,353
310

6, 854
277

-12.8
-24.4

+8.8
+10.5

3,805
o 34, 606
6
79, 398

j

+1.2

476, 649
15, 555
15, 263

4,475
167

6,883
278

6,036
265

8,554
405

7,457
306

12. 965
14.63

12. 853
14.76

13. 040
14. 93

13. 040
14. 98

13. 040
15. 06

13. 389
15.07

13. 3S9
15.07

0.0
+0.5

-2.6
-0.1

271
3,911
200
79

288
3,995
191
70

312
3,959
194
77

421
4,219
210
100

416
4,122
205
121

431
3,720
152
69

390
3,500
157
75

-1.2
-2.3
-2.4
+21.0

+6.7
+17.8
+30.6
+61.3

2.79

2.88

2.88

2.91

2.87

2.91

2.83

-1.4

+1.4

s 74, 493

-4.9

+1.7

350, 487

-0.2

+4.8

-0.5

+4.9
+3.8'

6
6

68, 293
2,623

69, 315! +1.5
2,918 + 11.2

74, 106
2,756

70, 508
2, 724;

6,819
40, 275
1, 804
656

3, 978! -41.7
43, 387 +7.7
2,095 +16.1
939 +43.1

i

-4.9
-1.2

Petroleum
Crude petroleum:
Production. _ .... .
_ thous. of bbls
Stocks at end of month —
Total (comparable)
thous. of bbls. .
Tank farms and pipe
lines
thous. of bbls. .
"Refineries
thous of bbls
California —
Light
thous. of bbls
lieavv
thous of bbls
Imports _
thous. of bbls
Consumption (run to stills)
thous. of bbls...
Refinery operations
per ct. of capacity _ _
Price, Kansas-Oklahoma
dolls per bbl
Oil wells completed
number
Mexico —
Production
thous. of bbls
Exports
_ _. thous. of bbls
VenezuelaProduction
thous. of bbls..
Exports
thous. of bbls..
Gasoline:
ProductionRaw (at refineries)
thous. of bbls..
Natural gas (at plants) _ _ thous. of bbls..
Export _.
thous. of bbls
Consumption
thous of bbls
Stocks, end of monthRaw (at refineries)
thous. of bbls..
Natural gas (at plants) thous. of bbls
Prices —
Wholesale, New York dolls, per gal
Retail, wagon 50 cities _ _ dolls, per gal..
Retail distribution, 41 States.thous. of gals..
Kerosene:
Production
thous. of bbls
Exports
thous. of bbls..
Consumption
thous. of bbls..
Stocks at refineries, end mo.thous. of bbls..
Price, 150° water white . dolls, per gal
Retail distribution, 13 States.thous. of gals..




s Revised.

826, 178

-0.7

820, 370

75, 426

77, 829

76, 404

79, 662

75, 761

77, 534

369, 243

368, 653

366, 652

368, 031

367, 141

345, 864

5

326, 314
42, 929

326, 399
42, 254

326, 153
40, 499

328, 201
39, 830

326, 582
40, 559

307, 310
38, 554

18, 215
95, 603
7, 878
80, 700
82
1.195
1,096

18, 310
95, 057
6,141
81, 582
83
1.210
1.947

16, 870
96, 563
7,140
79, 810
84
1.210
1,192

16, 670 •
97, 097
6,703
79, 603
82
1.210
1,224

16, 524
98, 529
6,908
77, 100
81
1.210
1,144

21, 676
92, 233
4, 633
71, 761
80
1.240
1, 049

5311,406
s 39, 081
1
6
21, 273!
5
93, 880
5,339
5
69, 988;
81
1,230
5
1, 038

4, 040!
3, 249i

4, 047
2, 212

3, 716
2, 244

3,904
2,731

4,932
2,768

4,810
3,216

9, 398'
8, 808!

9, 031
8, 933

9,478
8,615

10, 520
9,283

11,291
9, 660

6,024
5,928

6,878
6, 504

+7.3
+4.1

+64. 2!
+48.5

57, 132
48, 000

95, 829 +67. 7
90, 607 +88. 8

32, 8841
3, 410!
5, 108
31, 985

34, 037
3, 421
4, 452
33, 148

33, 543
3,452
4, 670
29, 691

34, 319
3,695
3,919
30, 610

33,218
3,764
4,610
26, 222

28, 879
3,419
3,805
25, 515

28, 606
5 3, 393
3,654
5 24, 478

-3.2
+ 1.9
+17.6
-14.3

+16.1
+10.9

301, 816
35, 224
40, 154
273, 966

342, 732 +13.6
38, 074 +8.1
48, 747 +21.4
299, 861 +9.5

30, 392
4/7

27, 197
414

26, 405
436

26, 453
402

29, 075
404

29, 551
781

5

30, 410
820

+9.9
+0.5

-4.4
-50.7

. 173
. 1561
864, 427;

. 180
. 160
983, 644

.180
.163

.180
.163

.180
.160

.170
143
810J 470

.170
.142
742, 145

0.0
-1.8

+5.9
+12.7

4, 994!
1, 826
3, 079
8, 470|
. 068
31. 427!

5, 389
1, 653
3, 261
8, 922
. 072
40. 170

5,037
2,068
3,276
8,593
.086
37. 291

5,186
1,749
3,465
8,614
.082
33. 085

4,908
2,087
2,547
8,884
.080

4,883
2,193
3,585
7,611
.073
32, 995

51, 244
18, 052
33, 639

55, 186 +7.7
20, 650 ! +14. 4
33, 330 -0.9

6 326. 499

6332, 14lil| +1.7

6

5

4,824
1, 815
2, 704
5 7, 937
.073
28. 719
5

+ ,8

-22.3
+5.0
+i?
+3.1 +29.4
-3.1 + 10.2
-1.2
0.0
0.0
1.6
-6.5 + 10.2

|
52, 173
757, 564
13, 585
6 54, 471
6 42, 390

+26. 2;
+7.1

-5.4
+1.7
+19. 3 +15. 0
-26.5
-5.8;
+3.1^ +11.9
-2.4
+9.6^

Cumulative through Oct. 31.

72, 776 +39.5
830,684 +9.7
11, 430 -15.9
6 42, 672
6 29, 615

-21.7
-30.1

28
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

PER CENT INCREASE (+) OR

1937

-I

DECREASE (— )

July

August

September

October

November

October

November

Nov.,
1928,
from
Oct.,
1928

Nov.,
1928,
from
Nov.,
1927

Per ct.
increase
(+
or Jdecrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

|

1927

1928

FUELS— Continued
Petroleum— Continued
Gas and fuel oils:
Production
thous. of bbls
C onsumption—
By vessels
thous. of bbls
By electric pow plants thous. of bbls
By railroads
thous. of bbls
Stocks at refineries, end mo thous. of bbls..
Price, Okla. 24-26, refineries-dolls per bbl_.
Lubricating oil:
Production
thous. of bbls
Consumption
thous. of bbls
Stocks at refineries, end mo.thous. of bbls..
Price, cylinder oil
dolls, per gal__
Asphalt:
Production
thous. of short tons
Stocks, end of month. .thous. of short tons..
Imports
thous. of short tons..
Coke:
Production
thous. of short tons..
Stocks, end of month.. thous. of short tons..
Wax:
Production
thous. of lbs__
Stocks, end of month
.
thous. of lbs_.

5

36, 941

37, 449

37, 059

37,011

35,721

33, 901

32, 746

-3.5

+9.1

360, 002

386, 509

+7.4

4,101
553
4,071
37, 410
.670

4,564
612
4,087
37, 961
.650

4,051
605
4,363
40, 067
.650

4,560
646
4,887
39, 626
.650

4,235

4,110
502
4,123
33, 637
.838

-7.1

+3.0

45, 786

46, 876'

+2.4

37, 974;
.650

4,594
503
4,652
33, 191
.865

-4.2
0.0

+12.9
-22.4

6 40, 389

6 41, 401

2,827
1,930
7,667
.226

2,891
2,035
7,711
.229

2,833
1,973
7,764
.236

2,979
2,145
7,830
.240

2, 748
1,763;
7, 921 !
.246

2,757
1,781
7,584
.253

2,477
1,739
7,524
.245

-7.8
+17.8
+1.2
+2.5

+10.9
+1.4
+5.3
+0.4

28, 920
19, 987

31, 695
21, 467

+9.6
+7.4

329
251
11

316
226
13

306
203
4

321
211
11

247 !
228|

333
189
14

290
196
9

-23.1 -14.8
+8.1 +16.3
0.0 +22.2

3,156

3,134

-0.7

n!

147

91 -38.1

127
385

136
402

119
380

125
394

131
418!

102
331

102
349

+4.8 +28.4
+6.1 +19.8

1,037

1,293 +24.7

45, 273
84, 476

54, 084
79, 136

50, 670
84, 330

54, 546
91, 789

56, 665
103, 949

49, 476
170, 367

48, 146
171, 700

+3.9
+13.2

+17.7
-39.5

530, 308

52, 831
31, 258
47, 128

58, 345
32, 712
62, 224

50, 760
39, 732
55, 351

46, 298
44, 058
58, 302

36, 624

50, 370
30, 184
37, 130

48, 565
38, 592
33, 845

-16.9

-5.1

6 499, 316
395, 521
6 448, 496

208, 789
83, 242
39, 269
21, 578
64, 700

201, 188
68, 995
35, 865
21,828
74,500

198, 448
68, 851
35, 210
17, 687
76,700

66, 421

61, 957

16, 589
67, 900

263, 683
97, 453
73, 876
27, 654
64, 700

264, 590
101, 034
70, 880
30, 376
62, 300

.192

.193

.182

.187

.343

.376

+2.6
1
i

575, 901

+8.6

RUBBER
Crude Rubber
World shipments, plantation
long tons..
Imports (including latex)
long tons
Consumption by tire mfrs
thous. of lbs__
World stocks, end of month:
World total
long tons..
United States
long tons..
Europe..
long tons..
Producing countries
long tons . _
Afloat
_
..long tons..
Wholesale price, smoked sheets,
New York
dolls, per pound _ _

.182

-6.7

-38.7

-2.7

-51.6

6 472, 764 -5.3
394, 308 -o.a
510, 000 +13.7

6

|

Tires and Tubes
Pneumatic tires:
Production
Stocks, end of month
Shipments—
Domestic
Export
Inner tubes:
Production
Stocks, end of month
ShipmentsDomestic
Export
Solid and cushion:
Production
Stocks, end of month
Shipments —
Domestic
Exports

thousands..
thousands,.

4,881
8,396

5,607
7,539

5,101
7,324

5,495
8,640

thousands
thousands..

5,811
121

6,131
179

5,191
168

4,096
191

thousands. _
thousands. _

5,009
11, 248

6,264
10, 466

5,327
10, 158

5,197
11,464

- .thousands. .
thousands

6,469
83

6,886
132

5,245
121

46
152

52
149

45
4

3,603
7,287

3,394
7,635

e 41, 751

6 49, 779 +19.2

i

3,484
133

3,100
145

6 40, 140
6 1, 694

6 47, 041 +17.2
6 1, 571 -7. a

!

3,809
10, 187

3,593
10, 216

6 45, 362

6 52, 089 +14. &

4,138
108

3,685
93

3,463
88

6 46, 680
6977

6 49, 490 1 +6. a
6 1, 004 +2.8

43
151

47
153

34
162

32
161

6505

6446

49

42
2

43
3

40
4

32

6 449
6 56

3 416 -7.3
6 37 -33. 9

3,447
763
1,951
733
497
25.9

4,613
764
2,598
1,251
688
39.1

4,966
780
3,179
1,007
1,085
40.0

5,914
609
4,009
1,296
1,222
31.2

4,634
819
3,179
636
827
31.2

17, 620

21, 289

21, 451

21, 932

21, 151

20, 556

6 160, 549

6 200, 673 +25.0

12, 070
7,372
457
49, 679

11, 642
9,244
729
49, 511

9,207
9,199
875
49, 751

9,813
9,580
1,262
50, 111

10, 546
9,305
913
39, 723

10, 245
7,129
1,415 1
41, 727

6 83, 536
6 70, 355
6 8, 442

6 101, 105 +21.0
6 80, 624 +14.6
6 8, 979 +6.4

3,168

3,461

2,725

2,297

3,697

3,347

6 20, 560

632,225 +56.7

1,897
808
55
5,067

2,209
917
46
5,633

1,703
893
29
5,501

1,655
958
328 i
5,212

2,169
1,096
46
3,899

2,520
976
142
3,872

6 13, 589
6 5, 945
6743

618,842 +38.7
69,3001 +55.1
62,246 +202. a

5,157
1,396
1,795
1,966
173
477

6,306
1,888
2,068
2,360
193
583

5,393
1,412
1,731
2,250
186
754

5,244
1,368
1,837
2,039
196

4,941
1,175
1,840
1,925
181

....thousands..
thousands..
thousands
thousands

-11.7

Other Rubber Products
Rubber-proofed fabrics:
ProductionTotal
.thous. of yds..
Auto fabrics
thous. of yds
Raincoat fabrics
.thous. of yds
All other
.thous. of yds..
New orders auto fabrics
thous. of yds
Production, relative to capacity.. per cent..
Rubber heels:
Production
thous. of pairs..
Shipments—
To shoe manufacturers thous. of pairs
To repair trade
thous. of pairs
For export
thous of. pairs..
Stocks, end of month
thous. of pairs
Rubber soles:
Production
_ . thous. of pairs _
Shipments—
To shoe manufacturers.thous. of pairs. _
To repair trade
_ .thous. of paris..
For export
thous. of pairs. .
Stocks, end of month
.thous. of pairs.
Mechanical rubber goods, shipments:
Total . . .
thous. of dolls.
Belting _
.
thous. of dolls. _
Hose
thous. of dolls
All other
thous. of dolls
Rubber bands, shipments...
thous. of lbs__
Rubber floor ins. shipments
thous. of sa. ft..




s Revised.

216
559

i

!

3,791
691
2,489
611 1
720
26.3

B Cumulative through Oct. 31.

6 31, 560
6 34} 658
+9.8
6 8, 046
6 7, 533 i -6. 4
618,204!
618,201
0.0
6 5, 310!
s 8, 924 +68.1
6 8, 502
6 8, 761 +3. 0

! _

ij

ii

29

TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may *be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

PER CENT INCREASE (+) OR
DECREASE (— )

1937

Septem- October
ber

November

October

November

Nov.,
1928,
from
Oct.,
1928

Nov.,
1928,
from
Nov.,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

Per ct.
increase
or decrease

1937

1938

cumu
lative
1928
from
1927

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
..thous. of Ibs..
Calfskins
thous. of lbs__
Cattle hides
thous. of Ibs..
Goatskins
_.
thous. of Ibs _
Sheepskins
thous. of Ibs
Stocks end of month:
Total hides and skins
thous of Ibs
Cattle hides
thous of Ibs
Calf and kip skins
thous of Ib^
Sheep and lamb skins
..thous. of lbs__
Prices:
Green salted, packers' heavy
native steers
dolls per Ib
Calfskins country No 1
dolls per Ib
Inspected slaughter of livestock:
United StatesCattle
thous. of animals..
Calves
thous. of animals
Swine
thous. of animals
Sheep
thous . of animals _ .
CanadaCattle and calves. ..thous. of animals..
Swine
thous. of animals
Sheep
thous. of animals..

50, 175
4,134
28, 193
7,873
6,171

47, 056
4,052
26, 540
7,951
6,773

34, 448
2,707
18, 504
6,728
4,902

35, 982
3,318
17, 883
7,993
3,785

239, 877
194, 668
25, 551
19, 658

243> 591
197, 086
25, 758
20, 747

249, 272
203, 227
24, 059
21, 986

253, 921
209, 902
23, 118
20, 901

.239
.278

.236
.275

.246
.275

.219
.246

662
362
2,984
1,076

717
369
2,545
1,196

764
352
2,508
1,307

100

164
45

105
140
62

1,436
25, 070
90, 949
69, 557
531
.67

24, 720
1,900
10, 103
5,773
4,517

36, 356
3,699
21, 561
5,700
3,195

37, 328
3,717
20, 634
6,585
4,676

248, 187
200, 220
27, 942
20, 025

249, 673
203, 146
26, 973
19, 554

.203
.242

.233
.218

.242
.228

801
405
3,713
1,409

762
378
4,455
1,189

895
413
2,969
1,194

881
411
3,688!
1, 070

96
161
86

111
200
142

106
232
135

117
208
138

132
248
133

1,463
25, 701

1,324
23, 510

5 1, 447
25, 711

1,249

1,325
24, 230

1,246
22, 704

89, 508
72, 439
996
.67

85, 990
72, 243
733
.65

83, 388
75, 188
825
.63

1,063
.59

79, 600
60, 811
800
.55

79, 669
59, 163
719
.55

-31.3
-42.7
-43.5
-27.8
+19.3

-33.8
-48.9
-51.0
-12.3
-3.4

-7.3
-1.6

-16.1
+6.1

407, 965
41, 031
212, 768
75, 968
53, 567

475, 522
37, 081
262, 363
84,228
59, 149

+16.6
-9.6
+23.3
+10.9
+10.4

-4.9 -13.5
-6.7 -8.0
+20.0 +20.8
-15.6 +11.1

8,758
4,502
38, 767
11, 789

-4.5
+16.0
-4.9

-19.7
-6.5
-4.9

1,069
2,286
575

1,044
2,309
589

-2.3
+1.0
+2.4

-13. 7

+0.2

14, 586
251, 064

14, 909
8 246, 613

+2.2
-1.8

8,909

9,401

+5.5

6 670, 842

6 684, 906

+2.1

133, 768

124, 529

6 294, 110
5,133

6 295, 907
3,976

+0.6
-22.5

6 2, 205, 991 6 2, 149, 070

-2.6

1, 473, 103
1, 511, 579

+1.2
-0.2

7,800 -10.9
4,339
-3.6
43, 932 +13.3
12, 434 +5.5

Leather
Sole and belting leather:
ProductionSole only.thous. of backs, bends, sides..
Sole and belting.
thous. of lbs__
Stocks, end of month—
In process of tanning
thous. of Ibs..
Finished
thous of Ibs
Exports..
thous. of lbs._
Price oak, scoured backs
dolls, per Ib..
Upper leather:
Production
thous ofsq ft
Stocks, end of month—
In process of tanning __thous. ofsq. ft._
Finished
thous ofsq. ft
Exports
thous. ofsq. ft..
Chrome calf "B" grades dolls per sq ft
Leather Products
Shoes:
Production
thous of pairs
Exports
thous . of pairs
Wholesale prices —
Men's black calf
blucher Mass
dolls per pair
Men's dress welt, tan
calf, St. Louis
dolls, per pair..
Women's black kid, dress
welt, lace, oxford.
dolls, per pair..
Gloves cut
dozen pairs

+28.8 +47.8
-6.3 +7.3

66, 464

73, 150

66, 380

72,092

70, 081

66, 056

147, 443
254, 563
8,403
.57

147, 602
253, 854
9,000
.57

146, 010
247, 386
9,093
.57

143, 265
251, 350
11, 174
.55

10, 268
.49

147, 790
244, 268
12, 177
.51

148, 978
250, 364
16, 530
.51

28, 154
344

34, 974
331

» 31, 000
275

33, 300
340

403

32, 267
376

25, 973
433

+18.5

6.75

-8.1 -37.9
-3.9
-10.9

-6.9

6

-6.9

+3.8

6.75

6.75

6.75

6.75

6.50

6.50

0.0

5.00

5.00

5.00

5.00

5.00

5.00

5.00

0.0

0.0

4.15
202, 051

4.15
237, 043

4.15
213, 945

4.15
236, 907

4.15

4.00
244, 090

4.00
225, 779

0.0

+3.8

112,403
125, 465
171,098
14, 553

114, 668
138, 309
147, 611
17, 233

108, 166
122, 771
133, 006
21, 953

131. 558
146, 382
118, 182
23, 884

148, 089
145, 443
120, 828
19, 627

121, 051
130, 465
147, 160
21, 190

137, 245
143, 220
158, 717
28, 308

+12.6
-0.6
+2.2
-17.8

+7.9
+1.6
-23.9
-30. 7

1, 455, 896
1, 515, 084

220, 623

223, 708

200, 654
204, 512
42, 580
129, 910
2.53

222, 116
221,008
44, 682
120, 463
2.53

201, 646
204, 378
42, 510
124, 048
2.53

228, 434
231. 800
5 40. 032
149, 112
2.53

219, 648
218, 132
41, 980
126, 790
2.53

213, 472
213, 524
38, 234
133, 170
2.53

214, 936
213, 772
41, 552
142, 736
2.53

-3.8
-5.9
+4.9
-15.0
0.0

+2.2
+2.0
+1.0
11. ^

2, 377, 604
2, 375, 102

2, 371, 276
2, 379, 434

-0.3
+0.2

1, 277, 406

1, 313, 973

+2.9

115, 940
77
200, 656
162, 184

102, 852
74
185, 059
169, 625

121, 613
81
216, 602
189, 240

123, 785

113, 126
77
191,171
184, 805

117, 166
79
190, 293
185, 202

+1.8

+5.6

1, 365, 988

1, 289, 498

223, 645

+3.3

+17.5

114, 539
198, 894
173, 872

107, 894
194, 233
164, 648

120, 927
221, 742
200, 362

122, 880
233, 280
201, 416

116,885
188, 769
175, 484

116,468
187, 766
188, 624

+1.6
+5.2
+0.5

+5.5
+24.2
+6.8

1, 350, 443
1, 876, 661
1, 806, 395

1,271,374
-5.9
2, 181, 495 +16.2
1, 947, 203 +7.8

179, 334

170, 840

214, 228

196, 187

159, 284

179, 969

-8.4

+9.0

1, 712, 664

1,993,425

40, 838
52, 108
209, 044
39, 744
3.25

35, 687
43, 800
191, 287
48, 229
3.25

36, 380
37, 018
188, 980
45, 289
3.25

34, 691
26, 254

27, 939
35, 774
214, 872
45, 789
3.25

28, 543
38, 074
214, 639
46, 176
3.25

-4.6
-29.1

+21.5
31.0

0.0

6.6

PAPEK 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 °nd of month
short tons
Imports
short tons. .
Price sulphite
dolls per 100 Ibs

Newsprint Paper
Production:
110, 313
United States, total
_. short tons
82
Ratio to capacity
per cent
Canada
short tons.. 184, 199
152, 763
Consumption by publishers
short tons
Shipments:
109, 611
United States
short tons
Canada.....
short tons.. 181, 834
174, 667
Imports
_ . short tons
Exports:
Canada
_
short tons.. 167, 456
Stocks, end of month:
At mills40, 386
United States
short tons
48, 270
Canada
short tons
199, 214
At publishers
short tons
44, 266
In transit to publishers
short tons
3.25
Price, roll. f. o. b. mill
dolls, per cwt ..
« Revised.




3.25
8

Cumulative through Oct. 31.

1, 900, 513 2, 173, 527
6 1, 708, 743 « 1, 734, 214

+1.4

-5.6
+14.4
+1.5

+16.4

30

TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

Septem- October
ber

August

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

November

October

November

Nov.,
1928,

Nov.,
1928,

Oct.,
1928

Nov.,
1927

from

from

Per ct.
increase

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

or decrease

1927

cumulative
1928
from
1927

1928

i

PAPER AND PRINTING— Continued
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..
Cash checks, shipments
thous. of checks..
Blank forms, new orders
thous. of sets. .

7,69i' -4.1
1, 599 +27.7

555
128

551
169

835
261

933
160

765
104

891
143

738
102

-18.0
-35.0

+3.7
+2.0

8,019
1,252

12, 098
9,986
96
70, 710
48, 963

12, 538
13, 738
97
68, 482
58, 108

11,837
11,976
105
85, 489
50, 114

13, 958
14, 605
113
86, 889
67, 957

12,730
13, 080

12, 126
13, 086
104
82, 093
36, 614

-8.8
-10.4

+5.0
0.0

134, 928
130, 23S

137, 681
135, 480

+2.0
+4.0

81, 204
59, 429

13, 851
12, 898
105
71, 625
37, 258

-12.' 5

+62.3

-1.1

842, 048
370, 033

858, 904
547, 815

+2.0
+48.0

7,992
76. 2
201, 153
209, 976
79, 492
190, 810
203, 741
49, 969

9, 236
81.6
230, 750
236, 682
81,816
213, 626
233, 104
47, 709

8,344
83.0
224, 971
234, 449
87, 097
237, 361
228, 880
45, 271

9,321
81.9
243, 664
238, 720
81, 298
239, 276
244, 862
43, 167

8,430
80.0
240, 840
243, 591
89, 741
218, 278
237, 341
47,661

8,803
80.8
224, 195
220, 215
102, 810
219, 627
226, 647
41, 630

8,308
79 3
213, 056
184, 551
76, 032
203, 962
218, 830
41, 105

-9.6
—2 3
-1.2
+2.0
+10.4
-8.8
-3. J
+ 10.4

+1.5
+0 9
+13.0
+18.0
+7.0
+8.5
+16.0

132, 265
62, 056

117, 009
48, 108

116, 197
53, 344

127, 311
72, 960

126, 780
48, 707

126, 040
57, 936

128, 639
50, 276

-0.4
-3.2

-1.4
+3.1

2,153

3,092

2,431

2,644

2,537

2,400

117, 492
80
118,314
88, 491

130, 416
89
133, 024
85, 836

117, 374
86
120, 895
82, 403

132, 633
87
133, 429
81, 579

127, 328
90
125, 800
83, 211

109, 391
83
110, 813
74, 234

111,579
85
109, 347
76, 461

-4.0
+3. 4
-5.7
+2.0

+14.1
+5 9
+15.0
+8.8

77
80

77
79

81
80

83
86

84
80

76
85

77
77

+1.2
-7.0

+9.1
+3.9

10
8

8
7

10

10
8

10
7

8
9

9
8

0.0
-12.5

+ 11.1
-12.5

88, 477
86
94, 228
92, 467

100, 779
89
100, 174
93, 340

83, 582
84
86, 173
91, 977

96, 053
85
94, 900
93, 416

91, 249
87
87, 690
96, 979

92, 795
87
92, 424
80, 907

93, 479
82
91, 329
79, 653

-5.0
+2.4
-7.6
+3.8

-2.4
+6.1

+21.8

33, 984
80
34, 562
53, 156

39, 331
84
38, 938
53, 535

34, 885
80
34, 885
53, 361

39, 680
84
39, 839
53, 788

38, 418
88
57,611
54, 395

38, 814
92
38, 892
50, 903

36, 665
87
37, 398
50, 173

-3.2
+4.8
-5.6
+ 1.1

95, 454
96, 056
70, 575

110, 677
109, 154
72, 438

100, 138
102, 437
70, 140

5

112, 529
115, 563
61, 422

105, 772
104, 448
63, 578

103, 058
•103, 040
72, 594

98, 749
99, 251
69, 106

646, 863
77
656, 498
396, 044

727, 893
78
728, 933
393, 696

663, 802
84
681, 164
378, 839

5

746, 172
83
749, 520
369, 752

727, 392
92
715, 770
380, 518

681, 379
81
688, 701
348, 253

670, 694
79
666, 623
345, 041

404, 520
235, 732
68, 788

441, 792
364, 756
77, 036

434, 371
359, 553
74, 818

454, 662
374, 342
80, 320

454, 354
370, 302
84, 052

427, 263
348, 835
78, 428

395, 491
320, 511
74, 980

72
71
75

79
77
84

79
78
80

88
89
83

82
82
79

85
85
83

77
76
81

85, 155
18, 389

72, 726
16, 392

n e

Box Board
Operation
thous. of inch hours
Operation
per ct. of capacitv
Production
short tons__
New orders
short tons
Unfilled orders, end of month
short tons..
Consumption of waste paper
short tons...
Shipments
short tons
Stocks, end of month.. _
short tons .
Stocks of waste paper, end of month:
On hand
short tons
In transit and unshipped purchases, .tons. _

+32.0

89, 200

93, 383

+4.7

2. 289, 096
2, 295, 882

?, 476, 585
2, 491, 672

+8.2

2, 882, 498
2, 196, 023

2, 914, 330
2, 329, 825

+1.1
+6.1

Other Paper
Binder's board, production
short tons..
Book paper:
Production
_
short tons
Ratio to capacity
per cent..
Shipments
. . . short tons
Stocks, end of month
short tons..
New ordersCoated p. ct. of normal production..
Uncoated.p. ct. of normal production..
Coated. _ p. ct. of normal production..
Uncoated.p. ct. of normal production..
Wrapping paper:
Production
.
. .short tons
Ratio to capacity
percent _
Shipments
short tons
Stocks, end of month
short tons..
Fine paper:
Production
short tons
Ratio to capacity
per cent..
Shipments
short tons
Stocks, end of month
short tons..
All other grades:
Production
short tons
Shipments
short tons
Stocks, end of month
short tons..
Total paper (inc. newsprint and box board) :
Production
.
short tons
Ratio to capacity
per cent.
Shipments
short tons. .
Stocks, end of month
_ .short tons
Paper Board Shipping Boxes
Production:
Total
thous. of sq. ft..
Corrugated.
_ _ .thous. of sq. ft
Solid
fiber
thous. of sq ft
Operating activity:
Total
per cent of normal..
Corrugated
...per cent of normal
Solid
fiber.
per cent of normal..

3

5

6

+21. 3
+13.5

1, 210, 791

1, 378, 148

+13.8

998, 292

1, 031, 344

+3.3

1, 019, 504

+4.9

+4.8
+ 1.1
+0.6
+8.4

408, 581
410, 594

424, 455
_ ..
420, 417

+2.4

-6.0
-9.6
+3.5

+7.1
+5.2
-8.0

1, 100, 176
1, 095, 621

1,139,973
1, 134, 729

+3.6
+3.6

-2.5
+10.8
-4.5
+2.9

+8.5
+16.5
+7.4
+10.3

7, 383, 222

7, 716, 314

+4.9

7, 337, 389

7,696,178

-4.9

-0.1 + 14.9 4, 377, 873
-1.1 + 15. 5 3, 512, 054
865, 819
+4.1 +12.1

4, 596, 422'
3, 599, 829;
847, 934

+5.0
+2.5
+2.1

-6.8
-7.9
-4.8

+6.5
+7.9
-2.5

89

111

102

113

81, 689
17, 657

99, 789
17, 875

95, 131
18, 281

98, 576
20, 085

BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements, Minneapolis, .number..

4,060

7,712

7,930

6,454

4,886

6,711

4,290

24 3

177
181
191
207
200
101. 21

177
181
191
208
201
101. 13

179
184
191
209
202
100. 67

177
182
190
210
202
100. 79

181
185
191
202
201
104. 71

180
184
191
204
200
104. 33

-1.1
-1.1
05
+0.5
0.0
+0.1

-1.7
-1.1
05
+2.9
+1.0
-3.4

204
213
198
201

204
213
198
201

204
213
197
201

204
213
197
201

205
215
196
201

205
215
196
200

0.0
0.0
0.0
0.0

-0.5
-0.9
+0.5
+0.5

3

30, 750

1, 386, 040

972, 247

/j Q

Other Paper Products
Rope paper sacks, shipments .__rel. to 1921-22..
Abrasive paper and cloth:
Domestic sales
reams. _
Foreign sales
_
reams

Building Costs
Building materials:
Frame house, 6-room
rel. to 1913
175
Brick house, 6-room
rel. to 1913
181
Concrete factory costs (Aberthaw) __ rel. to 1914_.
191
Building costs (Eng. News Record) _rel. to 1913
207
Building costs (A. G. C.)
rel. to 1913
198
Plumbing fixtures, 6 pieces
dollars..
100. 09
Construction costs (Am. Appraisal):
Frame
rel. to 1913..
204
Brick, wood frame
rel. to 1913. _
213
Brick, steel frame
rel. to 1913. .
198
Reinforced concrete
rel. to 1913..
201
5
Revised.



6

1, 221, 088

25, 34G

Cumulative through Oct. 31.

+13.9

+3.9

1

e 848, 990
6 160, 170

6 901, 190
6 185, 144

+6.1
+15.6

57, 679

54, 951

-4.7

r~"

31

TREND OF BUSINESS MOVEMENTS—Continued
1928
The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1927

Nov.,
July

August

September

October

November

October

November

1928,

from
Oct.,
1928

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

Nov.,
1928,
from
Nov.,
1927

1927

1928

Per ct.
increase
( }
or tdecrease
(-)
cumulative
1928
from
1927

BUILDING CONSTRUCTION AND
HOUSING— Continued
Contracts and Losses
Contracts awarded (36 States):
Commercial buildings
thous. of sq. ft..
Industrial buildings
thous. of sq. f t _ _
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. Building volume (A. G. C.)
. rel. to 1913. .
Fire losses:
United States and Canada
(Journal of Commerce)
thous. of dolls. _
Canada (Monetary Times) .thous. of dolls ..

i
16, 835
6,214
43,093
5,586

11,974
8,548
42, 859
5,418

11, 442
10, 348
38, 744
5,651

6,605
78, 778

6,392
78, 638

6,278
73, 146

93, 144
31, 193
221, 345
35,315

57, 178
41,318
207, 521
33, 559

50, 380
132, 853
564, 229
38, 36C
237
17, 106
1,491

13,050
6,518
40, 532
4,290

11,821
5, 544
45, 608
4,103

7,451
6,382
41,002
4, 477

-1.1
-32.8
-16-1
-12.0

+75.1
+2.1
-1.1
-4.,2

123,061
63, 689
435, 530
49, 481

139, 402 +13.3
85, 446 +34.2
512, 138 +17.6
56,490 +14.2

82, 906

5,218
70, 599

6,393
73, 765

6,014
66, 560

-23.0
-14.8

-13.2
+6.1

70, 591
751,504

65, 621 -7.0
867, 627 +15.5

58, 525
112, 925
196, 850
37, 088

63, 263
61, 170
234, 654
30, 746

65, 469
35, 434
194, 028
28, 719

77, 726
50, 370
236, 870
29, 699

41, 893
+3.5
49, 203 . -42. 1
207, 308 -17.3
30, 642;
-6.6

+56. 3:
-28. 0
-6.4
-6.3

811,886
447, 676
2, 287, 141
346, 314

783, 204
568, 956
2, 540, 380
361,457

45, 470
114, 714
499, 76C
39, 448
239

51,317
115, 808
572, 513
45, 439
266

46, 820
146, 041
582, 693
44, 585
243

39, 145
88, 503
452, 234
29, 038
222

48, 555
105, 932
549, 152
47, 135
222

45, 744 !
68, 716
443, 506
30, 260
215(

-16.4
-39.4
-22.4

603,696
1,121,058
5, 619, 782
382, 269

-S. 6

-14.4
+28.8
+2.0;;
-4.0
+3.3

502, 452 -16.8
1,213,360 +8.2
5, 988, 976 +6.6
453, 128 +18.5

17, 724
2, 35P

17, 183
1,739

22, 288
1,662

22, 327
1,778

18, 992
1, 309,

0.6
-7.4

+17.4:
+ 27. 0;

288, 662
20, 720

438, 70S
439, 773
396, 256
86
413, 295
446, 69f
442, 920 !
392, 674
453,811
436, 385i
952, 395 1, 190, 112 1,194,404;
346, 715
300, 262
305, 164;
48, 637
61, 759
43, 5501j
17, 542
7,562
8, 925
37.98
37.98
36. 42|

-7.3

-9.9

4, 754, 261 4, 612, 464

-3.0

— 11.0
-11.7
-0.3
-6.4
-18.2
-46.4
-0.4

-6.7
-10.0
-20.3
-1.6
+41.8
-15.3

4, 740, 647 4, 882, 672
4, 843, 073 4,879,437

+3.0
+ 0.8

646, 670
154,318

— 1.8
-0.7

13, 194

9,705
48, 298

4,876
6,777

22, 414 '
1,795

34 g

271, 764
22, 633

-3.5
+27.1
+11.1
+4.4

-5.9
+9.2

LUMBER PRODUCTS
Softwood Lumber
Southern pine:
Production (computed)
_.M ft. b. m_.
405, 937
425, 493
Operation
per cent of full time__
8?
87
Shipments (computed) ...
M ft. b. m__
435, 223
468, 67?
New orders (computed)
M ft. b. m. . 434, Del
479, 370
Stocks, end of mo. (computed) __M ft. b. m__ 1, 063, 109 1, 019, 050
Unfilled orders,end mo, (comp,) M ft. b. m
335, 836
339, 03S
Exports, lumber
M ft. b. m
62, 094
43, 287
Exports, timber
_ _ M ft. b. m
12, 302
7, 465
Price
flooring
dolls, per M ft. b. m
36.16
36.34
Douglas fir:
Production (computed)
M ft . b . m. . 415,417
358, 566
Shipments (computed)
M ft. b. m
484, 80?
389, 454
New orders (computed)
M ft . b . m. . 453, 467
381, 39P
Unfilled orders (computed)
M ft. b. m..
456, 601
257, 84f
Exports lumber
M ft. b. m
54, 181
59, 236
Exports, timber
M ft. b. m..
45,471
40, 837
Price, No. 1 common. .dolls, per M ft. b m._
16.99
17. 75
Price, flooring, 1x4, "B" and
better V G
dolls per M ft b m
36.12
37.19
California redwood:
Production (computed)
M ft. b. m..
30,092
41, 137
Shipments (computed)
M ft. b. m__
29,615
43, 983
New orders (computed)
M ft. b. m _ _
31, 62C
39, 855
Unfilled orders, end mo. (comp.).M ft.b.m..
48, 91C
45, 093
California white pine: *
Production
M ft. b. m
123, 923
145, 491
Shipments
M ft. b. m__
105, 482
118, 310
Stocks, end of month
M ft. b. m
506, 119
516, 764
New orders
M ft. b. m
96, 433
102, 805
Unfilled orders, end of month.. M ft. b. m__
190, 185
181,014
Western pine:
Production (computed)
M ft. b. m
190, 727
175, 978
Shipments (computed)
M ft. b. m__
166, 087
182, 662
Stocks, end of mo. (computed) _M ft. b. m_.
833, 576
905, 298
Unfilled orders, end of mo.
(computed)
M ft. b. m
118,791
113, 660
North Carolina pine:
Production (computed)
M ft. b. m._
44, 471
45, 437
Shipments (computed)
M ft. b. m__
48, 433
48, 643
New orders
M ft. b. m
43, 190
49, 560
Northern pine:
LumberProduction
M ft. b. m
52, 384
57, 335
Shipments
M ft. b. m
48, 300
47, 755
New Orders
M ft. b. m
41, 820
41, 435
LathProduction
thousands
13, 476
12, 318
S hipments
_
thousands
9,734
11, 099
Northern hemlock:
Production
M ft. b. m
16, 348
20, 449
Shipments
M ft. b. m
18, 920
22, 661

386, 671
88
423, 218
434, 884
991, 781
340, 875
40, 837
14, 897
37.73

427, 623
90
464, 558
444, 566
954, 846
320, 883
75, 504
14, 104

296, 343
315, 144
322, 754
293, 657
64, 265
44, 264
17.32

337, 527
301, 267
302, 610
297 686
65, 795
39, 330
18. 06

37.73

60, 947 i
47, 598|
17.92

538, 96£
491, 07C
464,21]

497, 337
411,389
452, 124

56, 204
15,498
15.17

61, 999
47,711
15.48

+3.2i

658, 500
165, 465
6
5,037 381
6
5, 097, 909
6

6 4, 325, 623 -14.1
e 4, 539, 211 -10.6
5, 087, 518 6 4, 680, 606 -8.0

-7.4
+21.0
-0.8

-1.7
-0.2
+15.8

634, 783
473, 395

708, 552
454,494

+11.6
-4.0

429, 262
416, 329
422, 449

-4.9
-13.4
-14.2

38.85

40.61

40. 88

35.08

+0.7

+16 5

34, 329
33, 107
33, 519
47, 916

27, 851
32, 744
33, 115
40, 350

45, 834
38, 715
38, 848
32, 783 1

43, 14?
42, 67f
36, 492
45, 431

52, 925
40, 57S
41, 376
45, 962

+64.6
+18.2
+17.3
-18.8

-13.4!

451,285
480, 709
492, 520

122, 708
105, 24(
538, 13C
86, 716
188, 747

126, 086
119, 074
552, 422
100, 760
183, 493

107, 501
94, 587
562, 528 !
81, 755;
181, 665|

109, 49G
111, 508
623, 671
97, 683
189, 947

92, 289
82, 168
624, 651
70, 343
222, 25S

-14.7
-20.6
+1.8
-18.9
-1.0

+16.5!

1, 024, 186
1, 037, 137

-4.6!
-6.1
-28.7

+15.1
-9.9
+ 16.2!

1, 151, 300 +12.4
1, 124, 307 +8.4

954, 166

982, 863

+3.0

-3.7
-3.2

565, 712
565, 810
454, 370

540, 96f
561, 035
582, 720

-4.4
-0.8
+28. 2

-18.6

-18.31

134, 691
118, 70^
153, 019
124, 083
1, 069, 825 1, 068, 630

37, 457
39, 900
50, 890

48, 090
51, 590
58, 870

51, 548
49, 196
58, 310

57, 295
56, 133
42, 560

53, 522
50, 813
47, 67C

+7.2
-4.6
-1.0

51, 618
44, 618
44, 209

55, 031
51, 378
41, 109

26, 718
41, 308
30, 282

41, 148
39, 175
33, 698

32, 81c
32, 857
27, 569

-51.4
-19.6
-26.3

+25.7

462, 138
427, 040
389, 988

477, 735
467, 177
425, 802

+3.4
+9.4
+9.2

12, 419
8,897

11, 777

5,230
6,560

9,034
7,941

6,144
5, 377

-55.6
-26.6

+22.0

-14.9

114, 422
115, 976

101, 261
92, 223

-11.5
-20.5

15, 315
19, 951

16, 425
21, 042

9,188
17, 914

11, 02C
14, 261

6 167, 703
6 203, 199

e 166, 712
6 171, 740

-0.6
-15.5

2,749
3,299
12, 625
2,635
4.741

3,419
12, 249
4,174

2, 921
2,967
11, 739
2,335
6.982

3, 23^
2,82^
12, 149
3, 127
6. 282

32, 169
32, 220

32, 057
33, 32t

-0.3
+3.4

32, 624
5.483
' See table on p. 48 of the September, 1928, issue for earlier data.

33, 203

+1.8

8,937

+22.3

+9.8

Hardwood Lumber
Walnut lumber:
Production
M ft. b. m
2,527
Shipments
M ft b m
2,742
Stocks, end of month
M ft. b. m
13, 116
New orders
M ft. b. m
2,731
Unfilled orders, end of month. M ft. b. m _ _
5.088
6
Cumulative through Oct. 31.




2,931
2,863
13, 166
2,990
5.270

2,857

2,806
3,478
11, 668
3,033
5.117

-1.8
+1.7
-4.7
-27.3
-6.7

-13.2

+23.2

-4.0
-3.0
-18.5

32

TREND OF BUSINESS MOVEMENTS—Continued
1938
The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

PER CENT INCREASE (+) OR

1927

DECREASE (— )

Nov.,
July

August

September

October

November

October

November

1928,

from
Oct.,
1928

Nov.,
1928,
from
Nov.,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1938

1937

Perct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

LUMBER PRODUCTS-Continued
Hardwood Lumber— Continued
Walnut logs:
2,633
2,274
Purchased
M ft. log measure
2,736
2,504
2,702
2,549
3,515
Made into lumber and
2, 527
2,579
veneer _
M ft. log measure. _
2,643
2,888
2,814
2,606
3,035
2,996
2,684
Stocks, end of month M ft. log measure
3,058
2,359
2,636
3,646
3,166
Northern hardwoods:
23, 673
20, 073
Production
M ft. b. m
16, 624
16, 727
15, 488
15, 469
26, 194
Shipments
M ft. b. m
27, 597
25, 086
31,473
27, 623
24, 556
Lower Michigan hardwoods:
5,438
5,502
Production _
_ _ _ _M ft. b. m._
4,915
5.124
5,388
7,252
7,349
6,467
Shipments
M ft. b. m
6,344
7,348
20,
605
23,
509
20,
915
Stocks, end of month
_M ft. b. m _
33, 532
21, 350
Gum:
542
Stocks, total, end of month .mill. ft. b. m__
543
529
532
479
461
419
Stocks, unsold, end of month.mill. ft. b. m__
410
396
398
351
364
124
132
Unfilled orders, end of month.mill. ft. b. m__
133
134
114
110
Oak:
974
Stocks, total, end of month.. mill. ft. b. m__
959
954
918
975
1,006
809
Stocks, unsold, end of month.mill. ft. b. m__
800
775
i
794
746
809
165
Unfilled orders, end of month.mill. ft. b. m__
159
161
171
197
181
All hardwoods:
244
263
Production
mill. ft. b. m__
270
285
383
360
263
Shipments
. .
mill. ft. b. m__
285
293
315
311
289
262
289
New orders
mill. ft. b. m._
293
323
326
296
2,786
Stocks, total, end month
mill. ft. b. m_.
2,771
2,731
2, 664
2,722
2,761
2,225
2,211
Stocks, unsold, end month
mill. ft. b. m._
2,164
2,132
2,126
2,190
547
Unfilled orders, end month. ..mill. ft. b. m _ _
557
566
589
537
573
2, 204, 457 2, 206, 862 1,927,716 2,119,283 2, 114, 273 2, 374, 881 2, 280, 430
Production, 10 species
M ft. b. m
185, 368
162, 221 170, 457 204, 979
Exports planks joists etc
M ft. b. m
184, 054 1 171, 074
167, 986
Retail yards, Minneapolis district:
15, 937
17, 632
Sales
M ft. b. m
17, 860
14, 314
18, 242
15, 961
12, 990
87, 345
Stocks, end of month
M ft. b. m .
86, 807
84, 984
81, 035
75, 810 i
80, 080
75, 271
Retail yards, Kansas City district:
5,679
Sales
M ft. b. m
6,497
6,140
5,494
7,008
6,467
6,719
44, 874
Stocks, end of month
M ft. b. m _ _
45, 326
45,529
42, 505
45, 362
43, 114
41, 176
Composite lumber prices:
40.06
39.98
39.91
Hardwoods
dolls, per M ft. b. m__
40.19
40.05
40.02
39.04
28.81
Softwoods
dolls, per M ft. b. m._
29.00
29.27
30.36
30.73
31.77
28.29
Flooring
Maple flooring:
Production
M ft. b m
Shipments
M ft. b. m
Stocks, end of month..
M ft. b. m _ _
New orders
M ft. b. m
Unfilled orders, end of month. _M ft. b. m__
Oak flooring:
Production
M ft. b. m
Shipments
M ft b m
Stocks, end of month
M ft. b. m
New orders
M ft. b. m _ _
Unfilled orders, end of month _.M ft. b. m__

-7. 3i

-28. 8

32, 553

27, 313 -16.1

+10. 8
-10.5;

-4. 8
-35.3

29, 086

28, 197

-3.1

e 311, 060
8285,275

6 301, 075
6 276, 215

-3.2
-3.2

j
1

-0.2
-10.2

-7.3 25, 830, 306 24,446,185 "-5:4
+9.6 1, 991, 027 2, 115, 636 +6.3

-21.5
-6.4

+10.2
+0.7

128, 777

-21.6
-6.3

-18.2
+3.2

65, 060

+0.3
+1.2

+2.9
+8.6

146, 598 +13.8
63, 963

-1.7

7,784
8,311
24, 667
7,466
10, 076

8,413
9,515
23, 232
8,851
10, 187

7,675
7,929
22, 554
7,110
10, 106

8,204
8,543
21, 352
7,230
7,940

8,721
6,230
21, 960
6,537
7,157

8 9, 546
8 7, 913
« 25, 825
s 7, 130
s 7, 997

8,073
5 6, 884
5 27, 149
s 5, 954
5 7, 650

+6.3
-27.1
+2.8
-9.6
-9.9

+8.0
-9.5
-19.1
+9.8
-6.4

106, 939
103, 531

85, 533 -20.0
87, 340 -15.6

97, 695

84, 378 -13.6

46, 065
47, 832
68, 851
45, 972
49, 912

51, 529
51, 860
67, 864
49, 427
47, 026

45, 926
45, 020
68, 456
43, 141
47, 099

51, 225
45, 652
72, 689
38, 132
41, 151

45, 794
37, 232
80, 331
43, 753
48, 052

45, 292
45, 091
77, 438
42, 563
26, 329

40, 195
37, 343
79, 899
37, 977
27, 965

-10.6
-18.4
+10.5
+14.7
+ 16.8

+13.9
-0.3
+0.5
+15.2
+71.8

487, 452
478, 000

492, 682
499, 343

+1.1
+4.5

465, 939

504, 530

+8.3

434, 299
431, 800
302, 990
327, 387
470, 617

314, 154
344, 643
267, 118
227, 311
344, 094

273, 076
305, 555
238, 399
237, 769
300, 106

372, 158
362, 004
243, 946
285, 147
215, 872

244, 857
254, 110
251, 837
253, 418
217, 608

54
31
22

53
30
31

49
31
30

38
31
37

41
24
30

45
35
28

48
5.0
88.0

56
7.0
92.0

65
9.0
101.0

65
10.0
103.0

58
11.0
100.0

59
13.0
99.0

4,662

6,396

9,508

9,929

7, 812

14, 395

12, 291

-21.3

-36.4

1,183

2,323

3,012

3,178

2, 385

5, 331

4,883

-25.0

-51.2

4,914
6,223

5,251
6,020

8,343
9,826

9,760
10, 972

8,594
9,790

12, 935
17, 401

12, 667
16, 661

-11.9
-10.8

-32.2
-41.2

8,218
8, 387
8,782

11, 094
10, 988
11, 030

9,426
9,257
10, 245

13, 079
12, 003
12, 654

9,291
9, 135
8, 336

—29 0
-23.9
-34.1

7,494

8,024

7,715

6,628

5, 307

— 19 9

7,251

7,358

7,309

7,704

7, 749!
+0.6
s Cumulative through Oct. 31.

Doors at Wholesale
Fir, manufacturing plants:
Production
Shipments
Stocks, end of month
New orders
Unfilled orders, end of month

number. _
number
number..
number..
number..

—34 2
—29.8
+3.2
— 11.1
+0.8

|

- --

Wooden Furniture
Grand Rapids district:
Unfilled orders, end of
month
No. of days' production. _
New orders
No. of days' production..
Shipments
No. of days' production
Outstanding accounts, end of
month.. _
No. of days' sales..
Cancellations
per cent of new orders.
Plant operation
per cent of full time..
Piano benches and stools:
New orders (average per firm) dollars..
Unfilled orders, end of month
(average per firm) _ . _
dollars
ShipmentsValue (average per
firm)
dollars ._
Quantity (total)
pieces. _

1

Plywood and Veneer
Douglas fir plywood:
Production
thous. of sq. ft. of surface
Shipments
thous. of sq. ft. of surface. _
New orders (sales). thous. of sq. ft. of surface..
Unfilled orders, end of
month
thous. of sq. ft. of surface. _
Stocks, end of
month
thous. of sq. ft. of surface..




5

Revised.

100, 035

77, 076 +23.0

95, 842
133, 933

75, 263 -21.5
92, 459; -31.0

33
TREND OF BUSINESS MOVEMENTS—Continued
1928
The tumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

PER CENT INCREASE (+) OR
DECREASE (— )

1927

September

October

November

October

November

Nov.,
1928,
from
Oct.,
1928

Nov.,
1928,
from
Nov.,
1927

Per ct.
increase

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

or decrease

cumulative
1928
from
1927

1928

1927

LUMBER PEODUCTS-Continued
Plywood and Veneer— Continued
Other plywood:
New orders
thous. of sq. ft. of surface. _
Shipments
thous. of sq. ft. of surface
Unfilled orders, end of
month
thous. of sq ft. of surface
Bushel baskets:
Production
_
dozens..
Shipments
dozens..
Stocks, end of month. _
_ dozens _
Rotary-cut veneer:
Receipts
number of carloads
Purchases.
number of carloads . _

2,920
2,523

4,239
2,961

3,381
3,177

4,411
4,235

5,773
4,147

2,773
3, 516

2,245
3,424

+31.9 +157. 1
-2.1 +21.1
+16.5 +145. 1

32,395
31,737

37.389 +15.4
33; 610 +5.9

-53.3
61.4
+4.1

2, 588, 785
2, 491, 495

2, 090, 411 -19.3
2, 121, 360 -14.9

3,918

5,131

5,469

5,817

6,778

3,502

2,765

229, 342
294, 662
565,911

243, 056
262, 810
570, 726

177, 982
283, 813
409, 110

156, 521
156, 407
420, 671

114, 184
75, 337
464. 733

203, 707
193, 120
397, 505

244, 345
195, 228
446, 622

181
249

259
325

244
199

337
255

222
190

101
79

102
96

-34.1 +117. 6
-25.5 +97.9

1,080
1,075

2,013 +86.4
2, 296 +113.6

763
815
2,439
1,046

890
841
2,282
989

900
850
2,523
1,101

902
819
2,320
855

658
840
2,553
843

809
724
2,679
801

723
622
2,777
783

-27.1 -9.0
+2.6 +35.0
+10.0 -8.1
-1.4 +7.7

8,303
7,591

8,023
8,269

408, 563
208, 202
238, 941
299, 457
11
13.50

491, 088
206, 938
218, 339
221, 625
14
13.50

498, 691
257, 692
167, 078
213, 274
21
12.50

454, 931
91, 226
122, 078
145, 427
49
12.50

12.00

561, 367
169, 238
214, 169
182, 462
71
11.75

538, 698
91, 424
187, 448
211, 961
70
11.75

12, 976
20, 253
81, 699
48, 621

12, 960
22, 970
65, 029
47, 690

9,939
16, 525
54, 583
50, 593

22, 665
17,018
50, 558
50, 956

11,715
14, 657
38, 268
47, 550

14, 065
19, 582
29, 455
29, 044

14, 939
16, 251
28, 143
29, 998

-48.3 -21.6
-13.9 -9.8
-24.3 +36.0
-6.7 +58.5

185, 043
248, 623
403, 339
460, 360

217, 565
267, 870
353, 034
477, 593

181, 018
215, 544
318, 508
510, 864

223, 704
237, 928
304, 284
531,882

221, 848
201,675
324,457
555, 762

227, 896
245, 725
307, 240
500, 868

167, 993
180, 498
294, 735
527, 920

-0.8 +32.1
-15.2 +11.7
+6.6 +10,1
+4.5 +5.3

14, 191
1,385

12, 058
1,123

10, 570
1,005

15, 597
1,460

9,998
949

11, 907
1,049

11, 134
1,008

18,072
6,055
11, 772
12, 591
11, 762

21, 680
8,284
13, 215
14, 446
14, 503

17, 267
6,767
11, 281
15, 304
14, 455

21, 590
5,562
15, 802
14, 446
13, 435

18, 928
5,134
13, 623
14, 423
15,318

18, 086
6,558
11,833
13, 468
14, 845

17, 445
97.0
19, 901
22, 580
11, 707
1.683

18, 730
93.1
21,970
19, 374
9,357
1.683

17, 856
91.7
20, 460
16, 799
7,566
1.650

17, 533
87.1
19, 836
« 14, 579
s 5, 944
1.650

15, 068
77.4
11,951
17, 696
5,953
1.650

17, 174
87.4
18, 105
13, 141
5,960
1.683

14, 449
75.9
11,619
16, 022
6,374
1.683

13, 123
6,984

16, 889
9,254

14, 752
9,630

7,068
3,856

8,430
5,213

9,800
5,527

7,984
5,102

8,828
483
9,497

12, 145
599
9,547

26, 105
1,169
9,427

13,413
598
9,337

19, 025
845
8,692

29, 206
1,151
9,466

Plate Glass
Production, polished
thous. of sq. ft..

9,346

11, 474

10, 248

10, 505

10, 978

Glass Containers
Actual production:
Quantity
Relation to capacity
New Orders
__
Shipments
Stocks, end of month _
.
Unfilled orders, end of month

2,374
77.2
2,008
2,311
6,267
9,166

2,686
80.9
1,909
2,654
6,297
8,467

2,322
78.7
2,122
2,433
6,173
8,084

2,389
71.6
2,721
2,261
6,302
8,415

2,985
36.5
44.5
42.5

3,190
43.0
44.2
43.0

1.8
4.3

1.7
4.3

STONE, CLAY, AND GLASS PRODUCTS
Clay Products
Face brick, averages per plant:
Production _ _
thousands
Shipments
thousands. _
Stocks, end of month
thousands
Unfilled orders, end of month.. thousands..
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
Porcelain plumbing fixtures:
Net new orders
pieces
Shipments
pieces..
Unfilled orders, end of month
.pieces..
Stocks, end of month
..pieces..
Vitreous china plumbing fixtures:
New orders
pieces. _
Shipments
pieces..
Unfilled orders, end of month
pieces..
Stocks, end of month
pieces
Terra cotta, new orders:
Quantity
net tons..
Value
thous. of dolls
Sand-lime brick:
Production
thousands
Shipments by rail...
.thousands
Shipments by trucks _
thousands
Stocks, end of month
thousands
Unfilled orders, end of month. .thousands..
Portland Cement
Production.
thous. of bbls
Operation
per ct. of capacity
Shipments..
thous. of bbls..
Stocks, end of month.
thous. of bbls
Stocks, clinkers, end of month. .thous. of bbls..
Wholesale prices, composite
dolls, per bbl._
Highways
Concrete pavements, new contracts:
Total
_
thous. of sq. yds..
Road
thous. of sq. yds..
Federal-aid highways:
Completed—
Cost
__
thous. of dolls
Distance
... ..miles
Under construction, end of month. .miles..

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

Illuminating Glassware
Production:
Total
_
number of turns
1,748
Ratio to capacity
per ct. of capacity..
22.3
New orders
per ct. of capacity
40.2
Shipments.
_
.per ct. of capacity..
26.8
Unfilled orders, end
of month
number of weeks' supply
1.6
Stocks, end mo
number of weeks' supply..
4.6
3vised.




27.0
-51.8
+10.5

-3.4
+8.9

j|
e 1, 855, 513 6 1, 914, 267

-4.0

-35.9
-35.0

+2.1

+3. 2

._

2,461,701
2, 744, 170

2, 850, 991 +15.8
2, 848, 658 +3.8

137, 237
13, 643

139, 302
13, 189

+1.5
-3.3

170, 631
6
63, 467
6110,234

6 170, 771
6 57; 325
6116,537

+0.1
-9.7
+5.7

-14.1 +4.3
-11.1 +2.0
-39.8 +2.9
+21.4 +10.4
+0.2 -6.6
0.0 -2.0

159, 909

163, 637

+2.3

164, 722

168, 071

+2.0

+19.3
+35.2

+5.6
+2.2

119,226
69, 225

139, 963 +17.4
88, 366 +27. 7

29, 712
1,104
8,879

+41.8
+41.3
-6.9

-36.0
-23.5
-2.1

171, 463
7,527
107, 401

151, 969 -11.4
6,552 -13.0
98, 387 -8.4

8, 703

8,573

+4.5

+28.1

103, 944

113,046

2,146
66.8
2,950
1,990
6,455
8,872

1,969
66.3
2,314
2,054
5,878
8,681

2,045
68.5
2,574
1,928
6,049
9,043

-10.2 +4.9
-6.7 -2.5
+8.4 +14.6
-12.0 +3.2
+2.4 +6.7
+5.4 -1.9

23, 092

26, 477 +14. 7

24, 594
23, 771

26, 716 +8. 6
26,138 +10. 0

4,193
52.0
53.5
53.9

4,245
54.21
51. ll
51.9

3,814
50.6
44.0
45.2

3,454
47.8
40.2
40.7

+1.2 +22.9
+4.2 +13.4
-4^5 +27.1
-3.7 +27.5

32, 563

35, 095

1.7
4.1

1.6
4.2
6

6

-5.9
+2.4
Cumulative through Oct. 31.
1.4
3.8

1.3
4. li

-10.2
-5.9

+23.1
+2.4

+8.8

+7. 8.

34
TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

September

October

Novem- i October
ber

Per ct.

PER CENT INCREASE (+) OR
DECREASE (— )

1927

November

Nov.,
1928,
from
Oct.,
1928

CUMULATIVE TOTAL
inFROM JAN. 1
crease
THROUGH NOV. 30 , (+)

Nov.,
1928,
from
Nov.,
1927

1927

or decrease
(-)
cumulative
1928
from
1927

1928

CHEMICALS AND OILS
Chemicals
Sulphuric acid:
774
Exports
thous. of Ibs
291
582
442
Price, wholesale
dolls, per 100 Ibs..
.78
.78
.78
.78
Nitrate of soda:
Imports
long tons..
28, 150
75, 318
36, 644
48, 385
Production in Chile.
metric tons _
284, 300
275, 000
259, 400 282, 300
Potash salts:
Imports (commercial).
__ long tons. _
38, 461
57, 327
43, 313
28, 242
Production in France
(K20 content)
metric tons..
30, 260
34, 300
Sales in Germany
(K2O content)
metric tons
102, 608
108, 696
140, 818
76, 507
Superphosphate (acid phosphate) :
Production
.short tons__
293, 250 294, 381 276, 811 350, 958
Stocks, end of month
short tons.. 1, 258, 339 •1, 414, 615 51, 424, 169 1, 576, 121
Shipments _
short tons..
64, 401
82, 876
154, 443
91, 165
Fertilizer:
Exports
long tons..
98, 803
103, 575
99, 149
86, 289
Consumption, Southern States .short tons..
62, 903
19, 251
138, 470
151, 128
Dyes and dysetuffs, exports:
Vegetable
- thous. of Ibs
254
237
231
157
Coal tar
thous. of lbs._
8,340
1,335
5,194
1,330
Arsenic
Crude:
Production
___
Stocks, end of month
Refined:
Production
Stocks, end of month
Price index numbers:
Crude drugs
Essential oils
Drugs and
Pharmaceuticals
Chemicals
Oils and fats

633
.78,

474
.75

417
.76

+43.2
0.0

45, 575
285, 900j

55, 154
189, 200

67, 091
210, 000

-5.8
+1.3

24, 639

27, 884

17, 039

33, 000

30, 204

63, 730

68, 363

82, 463

-12.8

• 7 R
-T-7.
8

+51.8
6,971
+2.6 -32.1
669, 479
+36.1 1, 377, 493

947, 518 +41.5
2, 869, 900 +108. 3

252, 770

335, 291 +32.6

+44.6

1, 139, 036

+20.6

5 391, 376 342, 400
582, 559 1, 806, 877
5 110, 290
75, 260

6 2, 582, 244

""I 51,

94, 085!
84, 947

96, 672
127, 422

95, 605
87, 965

400
2,436

359
1,838

377
1,920

6,679

6

-4.2

1, 314, 070 +15.4
6

3, 220, 183 +24.7

1, 447, 385 6 1, 729, 220 +19.5

-1.6
-3. 4

1, 192, 857
4, 423, 014

1, 144, 292 -4.1
5, 467, 970 +23.6

+73. 2 +6. 1
-53. li +26. 9

3,349
24, 541

3,012 -10.1
30, 345 +23.7

6 11, 535

6 13, 648 +18.3

+9.0
-43. 8

short tons..
short tons..

1,385
2,105

2,086
2,999

1,079
2,978

1,238
3,024

1,004
1,260

1,269
1,326

;

.short tons..
short tons..

728
1,568

803
1,618

799
1,971

835
2,344

937
2,321

822
2,255

1

rel. to Aug., 1914..
rel. to Aug., 1914..

197
162

193
161

192
159

207
123

206
126

rel. to Aug., 1914..
rel. to 1923-14..
rel. to 1913-14..

168
113
123

164
113
121

164
113
121

113
124

113
124

160
112
134

169
112
133

0.0
0.0

9,340
443

9,150
None.

8, 235
446

9,957
999

11, 699
1,242

13, 848
1,091

13, 468
1,106

+17.5
+24.3

-13.1 1
+12.3 j

143, 841
8, 515

117, 662 -18.2
8,850 +3.9

13, 302
882

12, 504
2,098

12, 920
348

9,782
990

12, 537
1,123

17, 141
1,462

+28.2
+13.4

-7.6
+39. 0 |

143, 862
7, 504

131,414 -8.7
10, 474 +39.6

11,411
2,333
1,792
3.50

8,054
140
1.141
3.88

3,326
183
449
4.00

3,121
349
36
4.00

2,302
283
20
4.50

16, 185
1,283
915
3.50

13, 575
808 1
i
16, 057
1,560
676
3.50

-26.2
-19.9
-44.4
+12.5

-85.7
-81.9
-70.4
+28. 6

10, 056

11, 149 +10.9

518, 220
14, 885

501, 893
None.

442, 750
18, 816

591, 369
45, 768

696, 013
53, 146

692, 299
48, 179

690, 625
47, 705

+17.7
+16.1

+0.8 i 7,317,149
+11.4
365, 343

6, 587, 595 -10.0
264, 899 -0.1

285, 139
38, 486

214, 287
37, 933

196, 665
13, 665

291, 672
34, 399

265, 102
19, 682

369, 965
39, 414

359, 584
33, 414

-9.1
-42.8

-26.3

277, 077
66, 518
54, 535

160, 156
64, 817
14, 000

164, 972
67, 314
32. 540

161, 723
57, 814
20, 408

167, 012 1, 181, 225 1, 407, 745
53, 426
27, 995
31, 987
34, 583
57, 983
48, 624

+3.3
—7.6
+69.5

-88.1
+67.0
-28.9

269, 691

498, 345 +84.8

53, 247
1,938

51, 095
None.

45, 334
2,160

60, 022
5,366

68, 573
6,248

73, 159
5,121

70, 775
5,937

+14.2
+16.4

-3.1
+5.2

792, 804
43, 386

663, 759 -16.3
44, 695 +3.0

502, 576
73, 699

504, Oil
73, 700

508, 821
73, 759

« 546, 856
73, 119

531, 278
72, 760

599, 314
74, 942

593, 089
71, 695

-2.8
-0.5

-10.4 i
+1.5

3,250
807

3,262
1,053

3, 265
1,113

3,266
698

3, 265
400

3,339
145

3,323
145

541, 113
10, 800

436, 811
14, 700

355, 353
38, 600

487, 384
56, 700

536, 782
39, 500

688, 435
6,700

529, 552
38, 600

+10.1
-30.3

444,496
39, 210

395, 730
26, 715

300, 478
33, 101

325, 914
23, 339

422, 640
21, 750

396, 137
26,443

452, 246
32, 584

+29.7
-6.8

667, 549
12, 672
.47

497, 971
22. 076
'.48

415, 340
25, 396
.48

493, 712
48, 330
.51

494, 047
42, 989

698,476
38, 569
.53

626, 643 ^
28, 629 |
.48

Production
. . .thous. of gals
16, 618
Withdrawn for denaturization__thous. of gals _
14, 927
Warehouse stocks, end of month. thous. of gals..
7, 351
5
Revised.

18, 764
16, 128
9,263

18, 613
15, 269
11,295

20, 685
20, 718
9,907

.

6

8, 711

6 7, 442 -14.6
jl
1

+0.9
-6.8

1

Wood Chemicals
Acetate of lime:
ProductionUnited States
.thous. of Ibs
Canada
thous. of Ibs
ShipmentsUnited States
thous. of Ibs
Canada
thous of. Ibs
Stocks, end of monthUnited States
thous. of lbs_.
Canada
. thous. of Ibs
Exports
thous. of Ibs
Price, wholesale
dolls, per cwt__
Methanol, crude:
Production —
United States..
gallons _
Canada
gallons..
Stocks at crude plants, end of monthUnited States
gallons..
Canada
.gallons..
Stocks at refineries and in transitUnited States
gallons..
Canada
gallons..
Exports
.
gallons
Wood at chemical plants:
Consumption —
United States _
cords
Canada
cords..
Stocks, end of monthUnited States
cords..
Canada
cords..
Daily capacity—
Total
cords..
Shutdown..
cords..
Methanol, refined:
Production —
United States
gallons..
Canada
gallons..
Stocks, end of monthUnited States
gallons..
Canada
gallons..
ShipmentsUnited States
. gallons
Canada
gallons .
Price, wholesale, N. Y
dolls, per gal._

-4i.:

i

0.0
-1.7
-42.7 +175.9

i

+1.4 1 4,943,185' 5,315,111 +7.5
259, 138:
374, 850 +44.7
+2.3
-6.5
-33.8

+0.1 -21.2
-11.1 +50. 2

5, 217, 687
276, 366

5, 429, 124
282, 575

+4.1
+2.2

6145,863
6 131^ 025

+7.2
+4.0

Ethyl Alcohol




3

16,584
18,051
17, 759
17,' 329 i
7, 931
8,211
Cumulative through Oct. 31.

6136,077
6 125, 998

35

TREND OF BUSINESS MOVEMENTS—Continued
|

1938

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

September

PER CENT INCREASE (+) OR
DECREASE ( — )

1937

Novem-

October

ber

October

I
1 Nov.,
1928,
Novem- from
ber
Oct.,
1928

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

Perct.
in-

crease
(+)
or de-

crease

Nov.,
1928,

(-)

from

1937

Nov.,
1927

1938

cumulative
1928

from
1927

CHEMICALS AND OILS— Continued
Explosives
(Black powder, permissible, and other high
explosives)
Production
Shipments
New orders
Stocks, end of month

thous.
thous.
thous.
thous.

of lbs_.
of Ibs
oflbs. _
of lbs_.

30, 084
29, 561
27,993
17, 158

35, 092
23, 039
32, 268
18, 554

35,310

37, 465
33, 611
16, 274

38, 636
38, 854
36, 347
16, Oil

35, 524
34, 293
32, 723
17, 147

38, 918
38, 261
36, 747
17, 807

34, 695
34( 645
32, 111
17, 847

-8.1
-11.7
-10.0
+7.1

+2.4
— 1.0
+1.9
+3.9

379, 398
378, 206
363, 142

363,777

46, 637
69, 245
.55

42, 724
73, 304
.52

34, 312
73, 595
.52

33, 924
79, 509
.53

28, 160

83,472

39, 115
80, 473
.53

35, 795
77, 676
.51

-17.0
+5.0
+11.3

-21.3
+7.5
+15.7

378,360

312, 353 -17.4

.59

148, 250
178, 225
9.71

145, 357
227, 517
9.59

116, 029
230, 672
9.18

115, 235
216, 917
9.31

117, 168
246, 178
9.59

132, 059
222, 167
9.24

144, 892
247, 954
8.55

+1.7
+13.5
+3.0

-19.1
-0.7
+12.2

1, 291, 017

1, 073, 555 -16.8

37,016
112, 703

37, 623
114, 074

35, 473
112, 964

111,728

36, 942

35, 771
112, 680

82,717

35, 963

35, 187
87, 179

-3.2
+0.9

+1.7
-87.1

386, 375

386, 886

+0.1

6,304
7,786

6,274
6,898

6,257
6,027

6,486
5,704

6,882
5,944

6,901
12, 163

6,820

+6.1
+4.2

+0.9
-55.6

74, 487

68,368

-8.2

13, 385

238, 767
824, 671

225, 668
822, 813

211, 828
845, 762

219, 525
845, 645

211, 960
827, 633

237, 625
588, 778

235, 695
561, 363

-3.4
-2.1

+47.4

-10.1

2, 590, 215

2, 484, 824

-4.1

25, 810
2,798

25, 574
3,356

24, 343

23, 930

27, 512

3,748

25, 680
3,810

6251,798

6 249, 521

-0.9

2,398

2,447

3,774

3,218

3,280

1,145
53, 379
24, 407

1,444
56, 364
19, 716

80, 914
20, 754

3,681
82, 176
22, 897

30, 955

55, 387
15, 660

68, 589
23, 422

+35.2

+32.2

19, 629

12, 581

34, 008

31, 534

29, 672

22, 702

30, 095

-5.9

-1.4

10, 642

11, 910

14, 452

15, 714

12, 286

12, 373

21, 444
20, 490

23, 610
24, 965

28, 446
29, 002

30, 631
30, 137

26, 041
26, 823

25, 913
26, 256

6,621

6,780

6,256

7,528

7,113

6,061

23, 923
32, 336
21, 781

169, 498
73, 795
117, 484

11,285
19, 457

20, 863
15, 346

126, 584
67, 951

26, 404
335, 406
.101
1,867

19, 677
236, 200
.094
2,062

13, 769
32, 601
71

354, 802
345, 852

-4.1
-6.2
-4.8

Naval Stores
Turpentine (gum):
Net receipts, southern ports
barrels,.
Stocks at port, end of month
barrels. _
Price, southern, New York.. dolls, per gal_.
Rosin (gum):
Net receipts, southern ports
barrels. _
Stocks at 3 ports, end of month
barrels. _
Price, B, New York
dolls, per bbl_.
Rosin (wood):
Production
barrels..
Stocks, end of month. _
barrels. _
Turpentine (wood) :
Production
barrels
Stocks, end of month..
barrels. .
Pine oil:
Production
gallons..
Stocks, end of month
gallons..
Roofing
Roofing, felt:
Production, dry felt
tons..
Stocks, end of month, dry felt
tons..
Prepared roofing:
Shipments.
thous. of roof squares..

3,427

3,367

Fats and Oils
Total vegetable oils and copra:
Exports
thous. oflbs..
Imports
thous. of Ibs
Copra imports
. ..short tons _
Copra or coconut oil:
Imports
thous. oflbs
Consumption in
oleomargarine
thous. of Ibs
Oleomargarine:
Production
thous. of Ibs
Consumption
thous. of Ibs
Animal glues:
Shipments
thous. of Ibs. _

3,222

5,570
71,918 i

32, 755 i

5,307

6,484

+51.3
-12.5

-14.1
+4.9

264, 030

+24.8

+8.7

62, 232
644, 355
195, 937

51, 078 -17.9
692, 763 +7.5
219, 184 +11.9

254, 194

-3.7

6 96, 653

« 128, 987 +33.5

e 223, 340
247, 860

e 257, 021 +15.1
288, 949 +16.6

6 62, 979

• 66, 158

+5.0

Cottonseed

Cottonseed:
Receipts at mills
. short tons
Consumption (crush)..
short tons..
Stocks atjmills, end of month
short tons..
Cottonseed oil, crude:
Production
thous. of Ibs
Stocks, end of month
thous. oflbs _
Cottonseed oil, refined:
Production
thous of Ibs
Stocks, end of month .
thous. of Ibs
Price, yellow, prime, N. Y__.dolls. per lb__
Consumption in oleomarg
thous. of lbs__
Cottonseed cake and meal:
Production
short tons..
Stocks, end of month
short tons
Exports
short tons

869, 738 1, 519, 076 1, 010, 791 1, 266, 288 5 863, 058
869, 599
863, 455 5 799, 298
903, 031
420, 883
566, 530 1, 182, 175 1, 323, 367 i 1,054,405 51,118,165

-33.5
-3.7
+11.9

+17.1
+8.8
+18.4

5, 119, 900
5, 300, 605

4, 243, 168 -18.4
3, 913, 939 -26.2

280, 383
123, 167

272, 893 1
143, 080

268, 986
143, 789

s 252, 024
5 165, 070

-2.7
+16.2

+8.3
-13.3

1, 616, 200

1, 240, 902

61, 889
159, 629
.099

204, 255
220, 449
.099

223, 886
322, 857
.096

194, 676 5 205, 856
310, 567 s 416, 141
.109
.106

+46.5

+9.6

+8.9
-22.4
-9.4

1, 416, 514

1,111,441 -21.5

34, 760
19, 794
944

185, 723
61, 350
22, 013

405, 150
124, 196
60, 015

387, 160
160, 899
40, 482

384, 603 5 352, 898
108, 610 « 206, 162
53, 834
63, 790

+9.7
-22.0
-36. 5

2, 381, 689

1, 484

1, 068

1,254

1,209

19, 321
1,417

1, 758

3 25, 847
1,491

+17.2

-5.6

20, 791

12, 229
. 100|

13, 571
. 098

14, 443
.098

15, 437
.101

13, 622
.102

13, 202
.099

9, 253
.099

-11.8
+1.0

+47.2

118, 529

160,484 +35.4

10, 057
47, 258

16, 051
52, 392

26, 257
38, 772

30, 071
51, 894

31, 468
44, 131

31, 492
48, 625

34, 857
58, 522

+4.6
-15.0

180, 676
609, 300

248, 696 +37.6
514, 980 -15.5

2,437

2,678

2,228

2,260

-3.0

6 20, 207

-4.4

+29.6

-32.5

397, 223

6 21, 790

-23.2

+7.8

1, 771, 191 -25.6

230, 238

-42.0

16, 086

-22.6

Flaxseed
Production, crop estimate., thous. of bushs
Imports
thous. of bushs
Linseed oil:
Shipments from Minneapolis.thous. of lbs_.
Price, New York
dolls, perlb..
Linseed cake and meal:
Shipments from Minneapolis. thous. of lbs__
Exports
thous. of Ibs

2

+3.0
-9.7

—24.6

FOODSTUFFS
Wheat
Production, crop estimate:
Winter wheat
_ ..thous. of bushs..
Spring wheat
thous. of bushs
Total, wheat
thous. of bushs
Visible supply, end of month:
United States
thous. of bushs
Canada
..thous. of bushs..
2

As of Dec. 1, 1928.




2
2
2

i

92, 108! 114, 523
55, 362
72, 891
32, 728
• 78, 009
3 Final estimate for 1927.

138, 239
158, 204

578, 984
323, 785
902. 749
140, 775 i
173, 890 I
fi

3 552, 747
3 246, 527
3 797, 274
94, 607
62, 492

Revised.

96, 468
121, 009

i

+1.8

1

+9. 9
8

||
j

+45.9
+43. 7

:::::::::::

Cumulative through Oct. 31.

36

TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey''

July

August

i PER CENT INCREASE (+) OR
DECREASE (— )

1927

Septem- October
ber

November

October

Nov.,
1928,
from
Oct.,
1928

November

FOODSTUFFS— Continued

Nov.,
1928,
from
Nov.,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1927

1928

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

i

Wheat— Continued
Receipts, principal markets ___thous. of bushs__
Shipments, principal markets. thous. of bushs__
Exports:
United StatesWheat only.
thous. of bushs
Including wheat flour -thous. of bushs __
Canada—
Wheat only.
thous. of bushs..
Including wheat flour. thous. of bushs__
Prices:
No. 2, red winter, Chicago-dolls, per bush..
No. 1, northern spring,
cash, Minneapolis
dolls, per bush..

72, 618
33, 543

84, 221
46, 105

73, 322
39, 508

84, 423
30, 365

43, 532
35, 627

73, 244
49, 252

44, 823
35, 156

-48.4
+17.3

-2.9
+1.3

454, 734
295, 055

489, 824
284, 107

+7.7
-3.7

4,153
7,064

10, 394
14, 588

17, 939
22, 528

22, 058
28, 272

10, 561
15, 955

29, 236
36, 045

20, 731
26, 736

-52.1
-43.6

-49.1
-40.3

161, 390
214, 039

88, 629
138, 170

-45.1
-35.4

32, 426
35, 944

25, 057
29, 220

26, 923
30, 928

43, 687
48, 957

75,417

19, 430
23, 475

52, 805
57, 976

+72. 6

+42. 8|
j

1.52

1.33

1.40

1.44

1.25

1.34

1.35

—6 2

0.0

1.300

1.210

1.201

1.185

1.186

1.275

1.264

0.0

—6.2!

thous. of bushs..
thous. of bushs

39, 077
6,769

47, 528
7, 330

47, 975
8,554

52, 853
9,473

45, 335

49, 792
9,138

44, 882
9,656

-14.2

+1.0

thous. of bushs
thous. of bbls__
thous of bbls
thous. of Ibs
per cent..
thous. of bbls..

8,416
9,409
1,458
688, 711
51
7,762

10, 341
•11, 563
1,590
817, 831
58
10, 431

10, 504
11,197
1,892
820, 229
66
9,077

5 11,579
9,906
13, 316
2,130
5 910, 238 ""782," 459
66
61
12, 536

10,817
12, 540
2,005
866, 428
63
11,617

9,735
11,337
2,120
782, 841
59
11,111

14 4

+1.8

-14.0
-7.6

-0.0
+3.4

.thous. of bbls _

7,847

7,400

8,500

7,900

7,900

6,800

thous. of bbls
thous. of bbls

647
782

932
925

1020
890

1,381
1,171

1,199

1,513
899

1,326
1,149

-13.2

-9.6

dolls, per bbl

7.36

6.62

6.59

6.41

6.23

7.23

7.15

-2.8

-12.9

dolls, per bbl

6.44

5.66

5.65

5.59

5.53

6.54

6.58

-1.1

-16.0

891
12, 479
23, 742
16, 080
5,833
1.08

1,018
9, 985
21,467
15, 778
5,193
.97

668
7.114
19, 658
11, 949
6,541
.99

870
2,271
13, 323
9,044
7,725
.94

22,839,959
2,124
7,223
26, 921
11, 868
7,535
.90

538
21, 847
18, 448
9,665
8,612
.88

32,763,093
860 +144. 1 +147. 0
20, 439 +218. 1 -64.7
16, 971 +102. 1 +58.6
10, 256 +31.2 +15.7
b,064
-6.6
-2.5
.87
+3.4
-4.3

6,610
1,954
104
.61
723

27, 27l
15, 687
2,403
.39
988

14, 375
18, 004
2,308
.43
1,100

13, 872
17, 882
1,653
.45
1,292

13, 914
25, 182
569
.50
1,027

» 1, 182, 594
11,961
24, 429
286
.51
1,110

9,320

15,968

16, 499

17, 760

11, 650

13, 565

2,217
685
2,242

23, 611
6,313
8, 758

21, 710
8,084
14, 830

16, 797
8,962
11, 639

2 356, 868
7,377
9,627
5,263

10, 908
4,398
7,240

265, 882
7,654
4,338
6,752

.83

.73

.67

.62

.55

.82

.84

571
1,146
195
1.13

2,636
1,440
709
.98

6,001
1,927
2,471
1.00

6,770
4,437
3,098
1.05

2 41, 766
1,515
4,143
1,401
1.06

7,496
1,595
6,425
1.00

10, 496

27, 476

42, 805

45, 533

25, 564

50, 817

thous. of bushs_.
mills
bbls ~~"I6~892 "~338,"269 "I,"l97,"924 ~2,~Il3,~697

2 41, 881

pockets
pockets
pockets
pockets
Dockets

1, 200, 174 1, 162, 603 i
232, 725
251, 453
239, 453
2, 247, 038 2, 409, 940
408, 917
203, 350
159, 871
16. 663
21. 888
22. 808

6

210, 254
189, 651

316, 341 +50.5
6 279, 871 +47.6

Wheat Flour
Grinding of wheat:
United States
Canada
Production:
United States, actual
United States, prorated
Canada
Production, grain offal
Capacity operated, flour mills
Consumption (computed)
Stocks, all positions, end of
month (computed)
Exports:
United States
Canada
Wholesale prices:
Standard patents, Minn
Winter, straights,
Kansas City

5

458, 246
63, 017

475, 488
+3.8
73, 090 +16.0

6

99, 944
6 101, 598
6
13,815
7, 919, 959
6

6

103, 078 +3.1
105, 307 +3.7
e 15, 944 +15.4
8, 312, 179 +5.0
6

90, 034

6 93, 700

11, 688
7, 156

+4.1

11,010
-5.8
6 8, 655 +20. 9^

6

Corn
Production, crop estimate
thous. of bushs..
Exports, including meal
thous. of bushs
Visible supply, end of month.. thous. of bushs __
Receipts, principal markets.. -thous. of bushs__
Shipments, prin. markets
thous. of bushs..
Grindings (starch, glucose)
thous. of bushs..
Price, No. 2, Chicago
dolls, per bush

13, 770

20, 612

+49.7

210, 324
121, 029
79, 247

288, 335 +37.1
193, 901 +60.2
80, 372 +1.4

138, 054

143, 085

+3.6

9,790

9,632

-1.6

Oats
Production, crop estimate
thous. of bushs __
Receipts, principle markets.. -thous. of bushs..
Visible supply, end of month. -thous, of bushs..
Exports, including meal.
thous. of bushs..
Price, contract grades, Chi
dolls, per bush__
Grindings, Canada
thous. of bushs. _
Production, oatmeal and rolled
oats, Canada
thous. of lbs._

2 1, 449, 531
10, 834
16, 935
822
.47

-9.4
-21.9
-5.3 -30.7
-50.3 +187. 4
-7.8
+4.4

6 7, 933

6 9, 405 +18.6

6 93, 067

« 114, 052 +22. 5

61, 308

96, 022 +56.6

36, 906

50, 724

Barley
Production, crop estimate
thous. of bushs
Receipts, principal markets.- -thous. of bushs..
Visible supply, end of month . -thous. of bushs..
Exports
thous. of bushs
Price, fair to good, malting,
Chicago
dolls, per bush

3

-56. 1
-54^8

-3.6
+121.9
-22.1

+37.4

-11.3

-34.5

s 58, 164
4,619 i
2, 412 !
2,889
1.06

-77. 6
-6.6
-54. 8
+1.0

-67.2
+71.8
-51.5
0.0

39,465|

25,842! -34.5

34, 864

14, 172

37, 523

-43.9

-31.9

309, 372

Bye
Production, crop estimate
thous. of bushs..
Receipts, principal markets.- -thous. of bushs..
Visible supply, end of month..thous. of bushs..
Exports, including flour thous. of bushs
Price No 2, Chicago
dolls per bush

-59.4

Total Grains
Total grain exports, incl. flour.thous. of bushs..

229, 271 -25.9

Bice
Production, crop estimate
Southern paddy, receipts at
Shipments:
Total from mills
New Orleans
Stocks end of month
Exports
Imuorts.




2

As of Dec. 1, 1928.

(100 Ibs.)
(100 Ibs.)
(100 Ibs )
(100 Ibs.)
(100 Ibs.) ._

285, 155
35, 274
829, 608
189, 472
31. 688

777, 583 1, 245, 714
346, 076
202, 697
147, 464
96, 643
695, 660 1, 108, 564 2, 142, 144
228, 255
126, 668
152, 906
15.412
8.864
6.026

3 Final estimate for 1927.

5

3 44, 774
"I," 719," 740 1, 266, 278 i

Revised,

~6"7,~lll,~524 ~fl~7,~368,~665 "+3.~6

+24.1

+8.0

+79.1 +155. 8
+88.0 -26.9
1

6 7, 464, 806 6 7, 916, 218
1, 868, 770 1, 811, 036
2, 832, 649(
467. 348

+6.0
-3.1

3, 251, 426 +14.8
306. 210 -34.5

Cumulative through Oct. 31.

37

TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

September

PER CENT INCREASE (+) OR
DECREASE (— )

1927

October

November

October

November

Nov.,
1928,
from
Oct.,
1928

Nov.,
1928.
from
Nov.,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1927

1928

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

FOODSTUFFS— Continued
Other Crops
Apples:
Production, crop estimate.thous of bushs..
Cold-storage holdings,
end of month
thous of bbls
Car-lot shipments
carloads
Potatoes:
Production, crop estimate thous. of bushs
Car-lot shipments
_ . .carloads
Onions, car-lot shipments
carloads ._
Citrus fruits, car-lot shipments
carloads
Hay, all tame:
Production, crop estimates thous. of tons
Hay, receipts
tons

3 123, 693

2184,920

None.
3,369

84
4,170

1,631
18, 085

s 8, 733
44, 034

10, 419
19, 331

7,831
16, 607

+19.3 +33.0
-56.1 +16.4

92, 624

3 402, 741
37, 410
20, 318
5,754
2,924
5,618
7,487

-39.2 -13.4
-47.6 -26.2
+98.9 +55.9

232, 945
30, 134
93, 870

237,754
32, 148
80, 862

+2.1
+6.7
-13.9

5,992
31, 612

107, 941 +16.5

20, 972
1, 652
5,070

15, 538
2,561
4,254

20, 267
6,009
3,636

2 462, 943
17, 593
28, 921
2,158
4,115
11, 671
5,868

43, 770

59, 774

64, 511

60, 558

2 93, 031
54, 962

69, 233

3 106, 001
55, 161

-9.2

-0.4

644, 202

600,029

-6.9

1,650
608
196
1,013

1,829
814
336
1,007

2,191
1,067
563
1,069

2,540
1,327
799
1,193

1,961
943
496
1,035

2,635
1,259
675
1,291

2,346
1,156
615
1,240

-22.8
-28.9
-37.9
-13.2

-16.4
-18.4
-19.3
-16.5

21, 073
8,444
3,293
12, 479

19,.964
8,409
3,712
11, 394

-5.3
-0.4
+12.7
-8.7

375, 745
386, 214
1,510

398, 056
407, 512
1,519

418, 882
430, 688
436, 958 « 421, 848
647
1,298

410,226
397, 175
958

475, 455
477, 129
1,165

459, 364
445, 850
1,085

-4.8
-5.8
-26.2

-10.7
-10.9
-11.7

4, 873, 567
4, 963, 164
18, 261

4, 360, 677 -10.5
4, 456, 046 -10.2
12, 593 -31.0

32, 442

31,065

37, 223

558,036

80, 149

43, 916

65, 345

14.99
.229
.249

15.11
.244
.260

16.19
,259
.284

14.63
.255
.282

14.28
.253
.262

14.33
.190
.225

15.94
.190
.234

2,523
1,160
43
1,363

2,600
1,093
55
1,500

3,664
1,341
65
2,309

4,072
1,475
62
2,598

3,039
1,137
78
1,883

3,666
1,284
113
2,382

+ 11.1 +11.1
+10.0 . +14.9
-4.6
+12.5 +9.1

37, 201
13,560
827
23,600

41, 749 +12.2
15, 661 +15.5
687 -16.9
26,047 +10.4

466, 696
550, 185
81, 924

623, 716
434,296
588,472 • 675, 222
75, 384
65, 617

741,385
641,750
88, 592

497, 128
615, 065
72, 251

596,842
603, 579
67, 764

+18.9 +24.2
-5.0
+6.3
+17.5 +30.7

6,936,972
6, 111, 305
896, 394

859, 903
682, 015

641, 977 5 516, 634
515, 087 5 433, 160

528, 505
461,490

539, 240
467, 119

465,976
419, 822

113, 968
59, 865

.
67, 716

92, 860
50, 355

110, 525
49, 636

Cattle and Beef
Cattle movements, primary markets:
Receipts
. . ._ _ . thousands
Shipments, total
thousands
Shipments, stocker and feeder .thousands ..
Local slaughter .
thousands
Beef products:
Production, inspected
thous. oflbs.Apparent consumption
thous. of lbs._
Exports
thous. of Ibs
Cold-storage holdings,
end of month
thous of Ibs
Prices:
Cattle, corn-fed, Chicago.dolls per 100 Ibs...
Steer rounds, No. 2.
dolls, per lb._
Western dressed steers, N. Y._ dolls, per lb._

+38.1 +22.7

-1.6
-0.8

-10.4
+33.2
+ 11.5

Hogs and Pork
Hog movements, primary markets:
2,924
Receipts
thousands
1,193
Shipments, total
__ thousands ..
45
Shipments, stocker and feeder. .thousands ._
1,719
Local slaughter
thousands..
Pork products, total:
Production, inspected
thous. of lbs._ 537, 820
Apparent consumption
thous. of Ibs.. 560, 122
84,290
Exports
thous. of Ibs
Cold-storage holdings, end of month:
Total
thous of Ibs 1,024,124
Fresh and cured
thous of Ibs
819, 185
Lard (included in pork products) :
108, 522
Production
thous. of Ibs
52, 940
Exports
thous. of lbs_.
Cold-storage holdings,
204, 939
end of month
thous of Ibs
Prices:
10.86
Hogs heaw Chicago dolls per 100 Ibs
.236
Hams, smoked, Chicago
dolls, per lb._
.125
Lard, prime contract, N. Y... dolls, per lb_.

+2.3
+6.5

80, 135
46, 158

177, 888

126, 890

83,474

67, 015

72, 121

46, 154

11.71
.249
.128

12.43
.254
.132

10.03
.260
.124

9.02
.243
.121

11.06
.233
.130

9.47
.220
.125

1,898
828
234
1,068

2,362
1,250
564
1,097

3,386
2,161
1,080
1,213

3,938
2,485
1,466
1,403

2,053
1,091
544
1,016

3,587
2,413
1,560
1,148

39, 394
39, 448
1,822

44, 525
44, 443
1,691

49, 237
49, 042
2,113

5 54, 107
5 52, 077
5 4, 321

45, 546
44, 758
5,473

46, 188
45, 855
2,958

42, 354
41,877
3,790

5.38
15.18

5.72
14.31

5.50
14.16

5.35
13.08

5.31
12.69

5.25
13.87

5.47
13.58

-0.7
-3.0

-2.9
-6.6

63, 610

56, 888

49, 798

5 52, 201

60, 980

49, 235

52, 227

+16.8

+16.8

902, 414 1, 108, 511 1, 197, 158 1, 018, 772 1, 098, 559
952, 959
909, 277
Production, inspected
thous. of Ibs
635, 349
587, 338
Cold-storage holdings, end mo._.thous. of lbs_. 1, 121, 998 949, 547 731, 111 «631,192 675, 107
Apparent consumption
thous. of lbs_. 985, 784 1, 002, 140 1, 074, 207 5 1, 149, 147 1, 083, 682 1, 138, 049 1, 091, 306

+8.0
+7.0
-5.7

+13.1 +36. 4
-19.7

+9.7
+9.5
+8.8

61,291,065 8 1, 371, 998
673, 328
618, 448

+6.3
+8.9

+13.4
+9.9

92,401
50, 658

5

7, 609, 525
6, 694, 151
975, 114

+45.2

-10.1
-6.5 +10! 5
-2.4 -3.2

Sheep and Lambs
Sheep movement, primary market:
Receipts
_ .thousands ..
Shipments, total
thousands
Shipments, stocker and feeder__thousands.Local slaughter.. .thousands
Lamb and mutton:
Production, inspected
thous. of lbs._
Apparent consumption
thous. of Ibs..
Cold-storage holdings, end mo .thous. of lbs._
Prices :
Sheep ewes Chicago dolls per lOO^lbs
Sheepi lambs, Chicago.. .dolls, per 100*lbs__

-47.9 +8.3
1,896
988 -56.1 +10.4
497 -271. 1! +9.5
+6.9
950 -27.6

22, 330
11, 759
4,727
10, 563

23, 987
12, 630
4,817
11, 335

+7.4
+7.4
+1.9
+7.3

-15.8 +7.5
-14.1 +6.9
+26.7 +44.4

457, 046
459, 284

481, 473
482, 400

+5.3
+5,0

Miscellaneous Meats
Total Meats
+9.0 12, 267, 598 12, 451, 672 +1.5
1
+14.9
-0.7 11,533,753 11, 636, 596 1 +0.9

Poultry
60, 812
79, 576

29, 103
52, 315

61, 370
85, 030

24,284
27, 129
27, 324
30, 130
Total catch prin ports *
thous of bbls
77, 317
71, 352 5 73, 410
66, 170
53, 140
Cold-storage holdings, 15th of mo.thous. of Ibs. _
Canned salmon:
832, 632 1, 113, 495
810, 723
454, 600
Shipments United States
cases
253, 265
145, 725
121, 152
168, 963
26; 333
Exnorts. Canada
cases..
3
5
2 As of Dec. 1, 1928.
Final estimate for 1927.
Revised.
6 Cumulative through Oct. 31.



27, 390
65, 960

21,096
66,790

791, 856
120, 446

377, 951
219, 358

Receipts at 5 markets
thous. of Ibs.
Cold-storage holdings, end of mo.thous. of Ibs..
Fish

22, 238
40, 395

22, 361
40, 749

23, 859
43, 578

35, 620
5 58, 093

11

+70.7
+37.0

-0.9
-6.4
6

+5.3 +15.8

273, 859

285, 946

+4.4

253,527

6252,189

-0.5

65,432,618 64,607,711

-15.2

-42.5 -33.6 1, 048, 321 1, 169, 725 1 +11.6
See table on p. 18 of the September, 1928, issue for earlier data.

38
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

PER CENT INCREASE (+) OR
DECREASE ( — )

1937

September

October

Novem- ' October
ber

November

Nov.,
1928,
from
Oct.,
1928

Nov.,
1928,
from
Nov.,
1927

Per ct.
increase
( >
or tdecrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1928

1927

FOODSTUFFS— Continued
Butter
Production (factory)
Receipts, 5 markets
Cold-storage holdings, creamery,
end of month
Apparent consumption
Wholesale price, New York

i, 386, 064 !
541, 982

-1.6
-1.2

-32.8
+6.7
+6.3

-14.6 j
+0.1 1, 924, 874 1,881,721
+2.0

-2.2

29, 364
14, 279
39, 777
70, 735
8,976
321
16, 072

-37.6
-24.0
-15.5
-7.6
-0.3
+36.3
-36.5

-17.1
-0.7
+2.8
+27.2
+4.5 j
-13.4
-4.0 !

53, 447
.27

-9.7
-3.8

+39.1
-7.4

thous. of lbs_.
thous. of Ibs

167, 750
65, 145

142, 688
55, 339

119, 084
44, 969

104, 702
41, 956

87, 522
36, 616|

102, 399
38, 301

86, 058
33, 607

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

120, 437
186, 188
.45

136, 175
186, 461
.47

128, 071 5 105, 811
148, 598
168, 408
.48
.49

71,054
158, 6271

118, 679
176, 176
.48

83, 224
158, 492
.50

48, 614
21, 741
32, 146
89, 708
5,937
172
20, 095

41, 578
18, 727
35, 189
101, 498
5,597
215
15, 788

37, 431
18, 222
41, 291
98, 339
6,744
141
17, 123

39, 003
18, 669
48, 357
5 97, 421
9,410
204
24, 282

24,351
14, 180
40, 872
90, 001 !
9,379
278|
15, 431

37, 274
18, 995
47, 212
77, 603
8,441
211
20, 944

73, 088
.26

83, 906
.26

s 81, 833
.27

« 82, 318
.26

74, 359
.25

59, 035
.28

.51

-16.4 ' +1.7
-12.7
+9.0

1, 408, 248
548, 769

Cheese
Total, all varieties:
Production (factory)
thous of Ibs
Receipts, 5 markets
thous. of Ibs
Apparent consumption
thous. of lbs._
Cold-storage holdings, end mo. thous. of Ibs..
Imports
thous. of Ibs
Exports, United States.
thous. of Ibs. _
Exports, Canada
thous. of Ibs
American whole milk:
Cold-storage holdings,
end of month
thous. of Ibs
Wholesale price, New York__dolls. perlb_.

-12.2
-9.5
-4.3

453, 425
204, 338
453, 992

398, 021
184, 927
434, 626

72, 323J
3, 176i
101, 656!

72, 566 +0.3
2, 411 -24.1
108, 579 +6. 8

Eggs
Receipts, 5 markets
thous. of cases..
Cold-storage holdings, end of month:
Case
thous of cases
Frozen
thous. of Ibs

1,335

1,076

939

795

546

704

603

-31.3

-9.5

10, 496
81, 670

9,944
89, 196

8,542
82, 255

s 6, 247
3 73, 327

3; 546
64, 187

5, 485
62, 066

2,956
54, 703

-43.2
-12.5

+20.0
+17.3

Milk
Condensed milk:
Total stocks, mfrs., end mo. —
Case goods __
thous. of lbs__
Bulk goods
thous. of ibs

30, 397
20, 794

30, 542
19, 332

27, 837
17, 604

23, 949
5 14, 429

18, 864
14, 634

35, 932
14, 956

29, 155
12, 362

-21.2
+1.4

—35. 3
+18.4

23, 594
8,611
3,011
5.97

24, 159
8,367
3,246
6.18

-23.7
-26.9
+31.8
0.0

-45.5
-35.9 i
+11.9
+2.7

180. 377
124, 738
5,180
4.34

-4.8
-8.8 1
+34.6
-0.2

Case goods
thous. of Ibs
HBulk goods
thous
Exports
thous of Ibs
Wholesale price, New York-dolls, per case. _
Evaporated milk:
Manufacturers' stocks, end of mo. —
Total/case goods
thous. of lbs._
Unsold, case goods
thous. of lbs__
Exports
-_
thous. of Ibs..
Wholesale price, New York. dolls, per case..
Production, condensed and
evaporated milk.
thous. of lbs_.
Powdered milk:
Manufrs.' stocks, end mo
thous. of lbs._
Exports
..thous. of lbs__
Net new orders
thous. of Ibs
Fluid milk:
ReceiptsBoston (includ. cream).. thous. of qts_.
Greater New York
thous. of qts..
Production—
Minneapolis, St. Paul
thous. of lbs._
Consumption in manufacture
of oleomargarine
thous . of Ibs. _

Raw:

"

s 17, 818
5 4, 840
2,531
6.18

13, 588
3,538
3,335
6.18

30, 535
5, 970
2,760
6.00

161, 679
101,819
6,343
4.45

165, 682 5 164, 989
134, 259 s 138, 808
5,264
5,583
4.58
4.58

158, 217 !
136, 228
6, 276 1
4.58!

205, 587
183, 239
5,130
4.58

166, 187
149, 397
4, 662
4.59

-4.1
-1.9
+19.2
0.0

171, 065

152, 451

136, 170

121, 287

82, 285

110, 967

89, 150

-32.2

22, 632
359
6,264

19, 941
526
6,736

18, 857
322
5,662

3 16, 864
313
» 6, 284

13, 150
502
6, 188

9,261
307
5,735

7,950
298
5,708

-23.0
+60.4
-1.5

19,215
122, 100

19, 081
117, 162

.17, 329
113, 552

18, 385
116, 849

108, 685

17, 987
114,981.

16, 624
108, 536

-7.0

+0.1

6179,032
1, 222, 578

28, 374

24, 413

21, 572

20, 274

21, 678

20, 217

19, 868

+6.9

+9.1

6,652

7,014

8,530

9, 151

7,332

7, 034

89, 047
274, 366
471, 175
488, 161

107, 175
315, 722
417, 983
465, 386

104, 841
257, 825
436, 122
357, 506

76, 540
319,464
375, 748
254, 963

24, 340
223, 855
295, 922
215, 665

-5.1 -M36.7
+2.5
-11.0
-7.3 +36.7
-34.4
+8.7

82, 773
34, 049
11, 329

66, 428
26, 725
7,413

61, 799
32, 920
11,971

48, 231 !
25, 007
14, 887|

54,010
35, 128
3,642

44, 663
30, 665
4,480

-22.0
+8.0
-24.0 -18.5
+24.4 +232. 3 |

.041
.055
.083
129

.042
.056
.063
127

.039
.052
.082
126

.039!
.051

124J

.047
.057
.064
131

.047
.056
.063
131

0.0
-1.9
-3.2
-1.6

182, 414
348, 803
829, 437

168, 638
370, 339
630, 548

154, 547
323,317
446, 210

123, 9191
287, 075
288, 393

151, 747
304, 118
531, 142

106, 974
261, 815
344, 693

-19.8
-H.2
-35.4

1,099

+9:0

-19.7 1

5,050
686
1,737

+0.1
+8.5
+11.2

+6.8
+9.6
-25.9 i

1,604
1,531 -25.3
862
813 -18.4
.147
.145
+1.7
Cumulative through Oct. 31.

-35. 1
-33.1 I
+24.8

32, 542

57, 602
229, 477
404,450
234, 429

.080;




+0.6
I

63,516

71, 970 +13. 3

-7.7

1, 756, 280

1, 724, 332 | -,8

+65.4
+68.5
+8.4

2,990
59, 821

3,653 I +22.2
65, 613 ! +9.7
6 180, 402
1, 249, 721

I

+0.8
+2.2
+6.1

273, 002

289, 580

6

61, 836

« 75, 940 +22.8
j

1, 181, 155
3, 474, 563
4, 638, 987

1, 344, 568 '. +13.8
3, 249, 264 -6.5
4, 441, 053 -4.3

764, 460J

:

' 669, 038
103, 682 I

108, 113]

-17.0
-8.9 |
-4.8
-5.3

-12.5

-4.1

..

+15.8 : 4, 171, 993
+9.6 3, 819, 274
-16.3

Coffee
Imports
Visible supply:
World
United States
Receipts, total, Brazil
Clearances:
Total, Brazil, for world
Total, Brazil, for U. S
Price. Rio No. 7. Brazil grades

1

32, 731

Sugar

Imports—
From Hawaii, Porto Rico .. .long tons.. 102, 353
253,613
From foreign countries
long tons
433, 367
Meltings, 8 ports
long tons._
595, 214
Stocks at refineries, end month Jong tons..
Refined:
67, 638
Shipments, 2 ports _
long tons..
24, 930
Stocks, 2 ports
long tons..
10, 313
Exports, including maple
long tons. _
Prices:
.042
Wholesale, 96° centrif., N. Y.dolls. per lb_.
. 057
Wholesale, granulated, N.Y. .dolls, per lb_.
.066
Retail granulated, N. Y
dolls, per lb_.
133
Retail average, 51 cities, .relative to 1913. _
Cuban movement (raw) :
149, 682
Receipts at Cuban ports
long tons
299, 714
Exports
long tons
1, 017, 638
Stocks end of month
long tons

-0.4

i

24, 919
5,521
2,981
6.02

21, 821
6,351
3,405
6.18

15, 533 |

15, 596

3, 877, 553
3, 716, 799

-7.1
-2.7

.

thous. of bags_.

821

925

1,655 i

809

882:

976

thous. of bags
thous. of bags__
thous. of bags. _

5,734
850
1, 168

5, 515
793
1,181

5,378 i
702 i
1,040 :

5, 390
693
1, 157

5, 393
752
1,287

4,917
634
1,858

1,057
548
.173!

997
570
.173 i

1, 330
667
.178 1

993
544
.181

thous. of bags_. i
1, 105
thous. of bags..
593
.165 !
dolls, per lb_.
5
Revised.

c

9, 715

11,029 +13.5

14, 295

13, 085 i

-8.5

13, 475
7, 108

12, 494 i
6,623

-7.3
-6.8

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 28 to 137
of the August, 1928, "Survey"

Nov.,

July

August

S6

^"

°

Ct

°

November

ber

October

Per ct.

PER CENT INCREASE (+) OR
DECREASE (— )

±927

1938

November

1928,

from
Oct.,
1928

CUMULATIVE TOTAL
inFROM JAN. 1
crease
THROUGH NOV. 30 '
( }

Nov.,
1928,
from
Nov.,
1927

1937

or tdecrease
(-)
cumulative
1928
from
1927

1938

FOODSTUFFS— Continued
Tea

Imports
thous. of lbs_.
Stocks, United Kingd., end mo.thous. of Ibs..
Price, Formosa, fine, New York .dolls, per lb._

7,209
170, 519
.325

8,086
179, 106
.325

9,754
194, 681
.325

10, 512
209, 701
.310

9,417
224, 717
.310

9, 687
185, 155
.345

6, 316
12, 971
.1350

4,011
13, 461
.1213

3,724
6,388
.1163

15, 326
5,450
.1125

33, 805
6,636
.1055

9, 615
11, 340
.1563

-10.4
+7.2
0.0

-10.7
+5. 1
-5.8

80, 544

80, 719

+0.2

24, 733 +120.6
12,057, +21.8
-6.2
.1588

+36.7
-45.0
-33.6

203, 500
173, 919

221, 706
155, 134

+8.9
-10.8

-3.6 6, 178, 368 6, 041, 759
+5.5 90, 306, 145 98, 400, 864
367,390
358, 743
-4.5

22
+9.0
-2.4

10, 547
5 213, 808:
.329:

Cocoa
Shipments from the Gold and
Nigerian Coasts, Africa**
Imports*
Spot price, Accra, New York*

long tons
long tons..
dolls

TOSACCO
2
Production, crop estimate
thous. of Ibs..
1,373,£01
3 1, 211, 909
Consumption (tax-paid withdrawals):
Large cigars
thousands
688, 921
558, 206 601, 877 586, 267 723, 318 630, 531
654, 165'
Small cigarettes
thousands _ 9, 723, 647 10, 627, 344 9, 126, 271 9, 921, 537 8, 536, 426 8, 552, 397 8, 093, 752
Manufac. tobacco and snuff -thous. of Ibs..
30, 155
35,333
30,
146
33,
992
31, 553
34, 981
31, 789
Exports:
Unmanufactured
_
thous. of Ibs..
20, 252
78,170
88,
509
47,
527
54, 729
26, 833
57, 509
Cigarettes
thousands 1, 078, 362 860, 791 961,827 956, 846 1,114,381
672, 015
548, 984
142,
034
Sales of loose-leaf, warehouses thous. of lbs._
122,
627
162,
386
s
161,
793
227
70, 579 133, 718
Price, leaf, Kentucky
dolls, per 100 lbs_.
9. 812
12. 077
9.896
11.331
9.069
11. 580
7. 871

-12.8
+14.0
-14.7

-11.7 +42.8
+16.5 +103. 0
+15.8 -12.2
-18.1 +0.9

463, 903
515, 277 +11.1
6, 728, 572 10,596,718 +57.5
847, 423
675, 100 -20.3

TRANSPORTATION
River and Canal Cargo Traffic
Panama Canal:
2, 502
2,292
2,718
Total cargo traffic
thous. of long tons..
2, 582
2.489
2, 313
2,425
In American vessels.- -thous. of long tons..
1,212
1,195
1, 145
1,396
1,113
1, 140
1,103
714
In British vessels.
thous. of long tons_.
535
743
679
602
691
707
11, 231
6,898
Sault Ste. Marie canals thous. of short tons..
13, 247
13, 603
10, 458
12,812
13, 680
414
New York State canals ... thous. of short tons..
536
328
381
327
411
517
Cape Cod Canal
short tons.. 135, 702 148, 691 130, 566 160, 903 140,464
89, 029 s 102, 153
Welland Canal _
short tons 1, 006, 713 1, 115, 601 996, 833 1, 115, 190 1, 008, 483 1, 130, 277 853, 845
St. Lawrence Canal
short tons.. 1, 225, 338 1, 359, 561 1, 150, 058 1, 270, 051 1, 082, 545 1, 198, 952 908, 199
114, 541
Mississippi River Govt. barges
short tons.. 112, 248 113, 903 148, 377 8 120, 444 147, 400
104, 923
Ohio River, Pittsburgh, Pa., to
Wheeling, W. Va
short tons
894, 938
823, 910
947, 227 1, 034, 775 963, 766 1, 010, 860 940, 397
Allegheny River. _
_. . .
short tons . 306, 010 346, 670 288, 629 377, 744 302, 344i 444, 358 338, 975
Monongahela River
short tons 2, 095, 606 2, 304, 619 2, 305, 681 2, 396, 557 2, 302, 719 2, 132, 076 2, 020, 004

-3.1
-4.2
+1.8
-23.1
-38.8
-12.6
-9.6
-14.8
+22.4

+0.5
+2.9
-7.0
+51.6
+0.3
+37.5
+18. 1
+19.2
+28.7

26, 679
12, 449
7,445
85, 731
3,139
1, 219, 619
7, 323, 824
8, 326, 704
1, 299, 303

+0.6
-12.6
+19.7
+4.3
+21.6
+67.8
-0.9
+5.9
+25.8

-7.0
-20.0
-3.9

+14.1 8,936,588 9,410,118
-10.8 2, 770, 155 2, 711, 635
+14.0 22, 436, 534 23, 982, 487

+5.3
-2.1
+6.9

26, 530
14, 248
6,220
82, 186
2, 582
726, 718
7, 393, 576
7, 859, 159
1, 033, 173

Ocean Traffic
Clearances, vessels in foreign trade:
Total
thous. of net tons
American
thous. of net tons..
Foreign
thous. of net tons

7,781
3,056
4,725

7,365
2,912
4, 453

7,806
3,252
4,554

12, 537
2,245

27,833
24,483

7,148
4,318

235

242

260

7, 764
3, 612
4, 152

6,974
2,939
4,035

6, 957
3, 261
3, 697

9,290
3,364 !

26, 657
22, 554

241

194

-0.5 +11.6
+11.1 +10.8
-8.8 +12.3

70, 144
27, 637
42, 408

256

!

Freight Cars

i

!
Surplus (daily av. last week of month):
271, 017 201, 864 103, 906 105, 017 222, 539
168, 829
352, 168 +111.9 -36.8
Total
cars
82,411
Box
cars
104, 272
158, 304 +92.2 -34.1
137, 618 114, 355
54, 263
53,170
148, 860 +258. 8
Coal
cars
90, 513
21, 128 1
61, 455
75, 799
47, 615
21, 809
Shortage (daily av. last week of month) :
i
44
302 |
none
none
Total
cars
32
8
279
ii
Box
cars
none i
none
none
none
none
none
none
44
Coal
-.
_
cars
32
103
none
none
8
159
Car loadings:
-9.7 +11.0 47, 460, 529
Total
cars 3, 942, 931 4, 230, 809 5, 586, 284 4, 700, 798 4, 245, 028 4, 464, 872 '« 3, 822, 903
-4.4 +14.8 2, 158, 630
Grain and grain products
. . . .cars
207, 175 231, 181 295, 779 219, 298 209, 556
219, 251 55 182, 565
Livestock
cars..
158,314
154, 620
133, 599
-13.6
-0.7 1, 402, 620
90, 919
98, 944
134,567
164,412
-4.2 +16.7 8,911,753
Coal and coke
cars.. 606, 884 686,417 952, 746 869, 199 832, 480
800, 449 5 713, 282
Forest products
cars
268, 690 5 244, 388
-2.2 +6.4 3, 162, 358
239, 751 266, 137 322, 538 265, 872 260, 103
192, 182 ' 5 77, i 6 4
Ore
._
cars
250, 069 253, 085 319, 579 240, 988 151, 639
-37.1 +96.5 1, 849, 923
Merchandise and 1. c. 1
cars.. 986, 115 1, 027, 132 1, 297, 461 1, 079, 167 1, 048, 664 1, 078, 569 5 1, 014, 438
-2.8 +3.4 12, 067, 361
Miscellaneous
cars 1, 562, 018 1, 667, 913 2, 233, 769 1, 871, 652 1, 608, 987 1, 747, 417 5 1, 456, 499 -14.0 +10.5 17,907,884

~"!

i

Railroad Operations
Operating revenue:
Freight
thous of dolls
381, 576
Passenger
thous of dolls
82, 722
Total operating _ _
thous. of dolls
512, 953
Operating expenses
thous of dolls
375, 490
Net operating income
thous. of dolls
95, 226
Freight carried....mills, ton-miles..
39. 196
* See table on p. 47 of the October, 1928, issue
*As of Dec. 1, 1928.




+5.2
+6.4
+4.6

73, 776
29, 416
44, 360

!

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

8,377
3, 173
5,204

r
47, 162, 953
2, 268, 975 1
1, 381, 479
8, 361, 309
3, 059, 571
1, 855, 589
11,987,384
18, 248, 646

i

421, 007
85, 102
557, 856
383, 908
128, 414
42. 406

423, 347
80, 098
556, 044
375, 646
134, 513
43. 778

for earlier data,

492, 275
69, 564
617, 782
401, 160
166, 315
48. 206

5 452, 893
5 75, 219
s 581, 006
s 399, 841
s 134, 040
5
45. 537

385, 760
70, 885
503, 820
376, 876
86, 424!
37. 228

** See table on p. 25 of the November, 1928, issue for earlier data.
5
'Final estimate for 19 27.
Revised.

-0.6
+5.1
-1.5
-6.2
-3.3
+0.3
-0.7
+1.9

40

TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

September

PER CENT INCREASE (+) OR
DECREASE (— )

1937

October

November

October

November

Nov.,
1928,
from
Oct.,
1928

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

Nov.,
1928,
from
Nov.,
1927

1938

1937

Per ct.
increase
(+
}
or decrease
(-)
cumulative
1928
from
1927

TRANSPORTATION-Continued
Railway Equipment
Locomotives (Am. Ry. Assn.):
Owned, end of month59, 975
59, 769
59, 600
59, 371
Quantity
number-59, 126
61, 088
61, 305
-0.4
2,590
2,585
2,582
Tractive power
mills, of Ibs.
. 2, 578
2,602
2,571
2,606
-0.3
In bad order, end of month7,954
8,310
Quantity
. number
8,177
7,815
4,671
8,778
8,961 -42,9
14.0
13.4
13.2
Per cent of total in use
per cent..
13.9
14.4
15.1
+8-6
14.8
116
114
Installed
...number..
102
93
68
195
149 -33.3
235
320
Retired _
number..
260
331
313
-5.4
345
366
32
70
New orders
number..
4
41
8
+2.5
17
8
Shipments, manufacturers' (Census)—
46
34
Total
number
41
36
112
35
52
-2.8
19
Steam, domestic
number
23
26
20
81
31 -23-1
5
Electric, domestic
number. .
1
4
1 None.
12
7
Unfilled orders (railroads), end of mo. —
56
From manufacturers
number _
104
81
98
97
53
51
-6.7
17
In railroad shops
number-19
15
17
26
27
18 +52.9
Unfilled orders, manufacturers' (Census)—
198
Total
_
number. _
204
178
170
152
182
-10.6
145
98
Steam, domestic
number..
135
118
113
104
-8-0
97
74
59
Electric, domestic
number.
26
27
29
31
+6-9
45
42
32
Exports, steam
number..
20
33
21
8
19
5 +162. 5
Freight cars (Am. Ry. Assn.):
Owned, end of month —
Quantity
cars 2, 300, 034 2, 299, 157 2, 296, 273 52,292,096 2, 287, 901 2, 325, 027 2, 322, 179
-0-2
210, 437
Capacity
..mills, of Ibs
210. 483
210, 335 s 210, 092
209, 857
212, 027
211, 985
-0-1
In bad order, end of month —
151,867
Quantity
cars
149, 252
148, 333
139, 053
139, 441
+0-6
138, 238
137, 795
6. 7
Per cent of total in use
per cent
6.6
6.6
6.2
0-0
6.2
6.1
6.1
New orders. .
cars
307
767
1,236
1,635
6,100
326
14 +273. 1
Shipments4,963
Total .
cars
5,295
3,220
2,507
1,640
4,320
34 6
3,780
Domestic
cars
4,908
3,000
-33.9
5,261
2,345
1,549
4,101
3,754
Unfilled orders (railroads)—
Total
cars..
13, 531
8,177
6,619
5,437
13, 850
10, 901
9,721 +154. 7
From manufacturers
_
cars
10, 371
5,673
3,878
1,880
10, 271
6,991
6,424 +446. 3
In railroad shops
cars
3,160
2,504
2,741
+0.6
3,557
3,579
3,910
3,297
Passenger cars:
New orders
cars
19
2
589
56
2
18
12 -64-3
ShipmentsTotal.. _cars
123
147
146
68
166
119
166 +144. 1
Domestic
cars
123
144
143
68
166
119
164 +144. 1
Passenger Travel
National parks:
Visitors .
number
Automobiles entered
number
Arrivals from abroad:
Immigrants
number..
United States citizens
number-Departures abroad:
Emigrants
number. _
United States citizens
..number
Passports issued
_
...
number
Pullman company operations:
Revenue..
.thous. of dolls..
Passengers carried
.thousands..
Hotel room occupancy
per ct. of capacity..

553, 394
111, 642

499, 633
98, 523

222, 698
44,873

68, 997
10, 466

20, 682
32,974

24,629
63, 191

29, 317
80, 233

29, 917
49, 831

7,804
68, 463
15, 776

6,488
50, 323
9,866

8,093
42, 105
8,056

7,479
34, 643
8,494

7,279
3,073
60

7,593
3,312
63

7,297
3,081
68

6,650
2,738
72

39, 517
4,875

50, 101
12, 862

34, 736
4,305

31, 719
50,254

27, 758
24, 325

9,441

6,402
24, 396
8,063

5,871
22, 612
8,596

70

6,494
2,851
72

5,915
2,606
73

-42.7
-53. 4

-3.2
-1.2
-47.9
+2.0
-54.4
-14.5
+141. 2
-32.7
-35.5

1,258 -30.9
2,913 -8.8
294 -42.0

1,002
685
135

506
331 -51.7
88

203

195

+90 2
+44.4

+4.8
+40.5
-26.2
+320. 0

+0.9
+1.6
-56.6
-58.7

44, 845

32, 371 -27.8

51, 746
50, 988

37, 797
36,657

-83.3

1,045

1,762 +68.6

0.0
+1.2

1,245
1,204

1,051 -15.6
981 -18.3

+13.8
+13.2

1, 949, 428
369, 570

8

-2.8

-27.0
-28.1

+42.5
+59.9
+8.6

6 273, 779
6 369, 238

+11.1

-3.9

-1.5
-1.0

55, 166
» 358, 168
174, 043

+9.8

2, 018, 914
383, 001

+3.6
+3.6

o 247, 135
400, 490

-9.7
+8.5

6

6

62, 786
6404,419
181, 254
6
6

+13.8
+12.9
+4.1

68, 566
28, 700

-0.1
-3.6

681, 466
167, 606

+4.8
+4.8

6 108, 639
136, 186
6 17, 823

+2.3
+3.3
-2.2

6 1, 736, Oil 61,823,476
6
6 626, 026
693, 216

+5.0
+10.7

8, 471, 759

—1.1

e 72, 210
29, 210
6 43, 001

+9.2
+18.6
+3.7

6 68, 627
6 29, 761

-4.1
|

Warehouses
Public merchandise warehouses,
space occupied
per ct. of total..

1,820
3,194
507

67.2

67.1

67.9

66.1

68, 784
15, 985

68, 432
16, 496

72, 464
18, 565

65, 233
16, 445

65, 193
16, 006

6 650, 427
6 159, 861

11, 530
14, 328
1,887

11,010
13, 911
1,918

11, 765
14, 928
2,247

10, 979
13,648
2,009

10, 238
12, 713
1,622

6 106, 236
e 131, 828
6 18, 230

173, 704
60, 531

178, 346
67, 967

186, 000
72,000

177, 734
65,260

182, 077
70, 214

736, 223
8.121

717, 810
8.121

795, 140
8.129

790, 712
7.985

771,443
7.999

s 7, 510
3,045
4, 465

55 7, 281
2, 790
5
4, 491

7,901
2,876
5,025

6,932
2,390
4,542

6,876
2,509
4,367

6 66, 118
e 24, 635|
6 41, 483|

382
s 7, 128

5

355
6, 926

374
7,527

450
6,482

469
6,407

6 4, 521
6 61, 597

6 4, 245
6 67, 965

-6.1
+10.3

1,278
1,260
130

1,457
1,436
155

1,314
1,295
143

1,315
1,293
129

611,535
611,379
6 1. 373;

<s 13,' 022
612,849
6 i. 328

+12.9
+12.9
3.3

+0.6

66.5

PUBLIC UTILITIES
Telephone companies:
Operating revenue
thous. of dolls..
67, 676
Operating income...
..thous. of dolls. .
15, 019
Telegraph companies:
Commercial telegraph tolls.thous. of dolls..
10, 618
Operating revenue
thous. of dolls.
13, 375
Operating income
thous. of dolls. _
1,428
Gas and electric companies:
Gross earnings
thous. of dolls. _ 173, 646
Net earnings
thous. of dolls. _
62, 260
Electric railways (212 companies):
Passengers carried
thous. of persons
728, 849
Average fare
cents..
8.081
Electric power production:
Total
__ ..mills, of kw. hours
7,143
By water power
.mills, of kw. hours..
3,075
By fuels
..mills, of kw. hours..
4,068
In street railways,
manfg. plants, etc. . .mills, of kw. hours..
381
In central stations
mills, of kw. hours..
s 6, 762
Electric power production (Canada) :
Total
mills, of kw. hours..
1,246
By water power
mills, of kw. hours..
1,231
Exported
mills, of kw. hours.
130
5
Revised.




5

1,308
1,292
146

759, 254
8.137

-4.5
+0.1

Cumulative through Oct. 31

-1.6
+ 1.7

8, 563, 384

6
6

6

6

41

TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
Novembert except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August , 1928, "Survey"

July

August

September

PER CENT INCREASE (+) OR
DECREASE (— )

1937

October

November

October

November

Nov.,
1928,
from
Oct.,
1928

Nov.,
1928,
from
Nov.,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1937

1938

Per ct.
increase
( }
or tdecrease
(-)
cumulative
1928
from
1927

PUBLIC UTILITIES— Continued
Electric power gross revenue thous of dolls
Consumption of electrical energy f
By geographical divisions:
United States
rel to 1923-25
New England
rel to 1923-25
North Central
rel to 1923 25
Middle Atlantic
rel to 1923-25
Southern
rel to 1923-25
Western
rel to 1923-25
By industry:
All industry
rel to 1923-25
Chemical and allied
products
rel to 1923-25
Food and kindred products rel to 1923-25
Rolling mills and steel
plants
rel. to 1923-25
Metal working plants
rel to 1923-25
]Vf etal groups
rel to 1923 25
Leather and its products rel. to 1923-25..
Lumber and its products rel. to 1923-25..
Paper and pulp
rel to 1923 25
Rubber and its products
rel to 1923-25
Shipbuilding
rel to 1923-25
Stone clay and glass
rel to 1923 25
Textiles
rel to 1923-25
Automobiles, including
repair parts
rel to 1923 25

146, 600

148, 200

156, 100

120.2
102.4
131.8
110.8
112.0
116.5

120.8
102.2
132.4
118.3
112.8
127.5

134.5
115.3
149.7
136.0
127.5
150.8

132.0
119.3
143.5
133.4
129.7
148.7

150, 800

158, 200

135.0
126.0
145.7
138.9
127.6
156.7

119.9
114.0
115.0
111.5
134.4
125.7

115.2
109.7
111.4
110.4
137.8
117.0

+2.3
+5.6
+1.5
+4.1
-1.6
+5.4

+17.2
+14.9
+30.8
+25.8
-7.4
+33.9

120.2

120.8

134.5

132.0

135.0

119.9

115.2 . +2.3 +17.2

128.5
129.2

119.2
128.3

132.0
142.0

129.4
138.0

135.7
119.7

115.8
120.8

115.5
117.9

+4.9
-13.3

+17.5
+1.5

121.2
126.3
124.2
99.0
108.8
127.3
135.3
67.2
129.8
91.8

125. 4
125.8
125.5
94.7
111.6
129.1
138.4
67.3
135.3
97.3

141.2
144.2
143.0
106.9
111.3
132.0
151.2
72.3
152.0
112.5

144.7
144.5
144.6
103.8
109.3
133.3
146.4
73.8
144.7
121.0

148.8
156.7
153.5
94.0
111.8
133.5
145.2
84.6
149.1
132.5

111.8
109.7
110.8
111.0
139.2
127.7
115.6
117.2
111.0
125.4

108.9
106.3
107.7
104.5
135.8
126.5
117.0
100.8
109.7
119.2

+2.8
+8.4
+6.2
-9.4
+2.3
+0.2
-0.8
+14.6
+3.0
+9.5

+36.6
+47.4
+42.5
-10.0
-13.1
+5.5
+24.1
-16.1
+35.9
+11.2

143.7

143.2

161.0

141.2

126.8

114.2

100.7

-10.2

+25.9

EMPLOYMENT AND WAGES
Employment in factories:
87.4
+0.6
86.2
-8.0
75.6
78.8
79.3
Massachusetts
rel to 1919-23
72.9
74.2
87.6
-0.2
85.9
-0.1
84.3
86.0
85.8
New York State
rel to 1923
81.5
82.5
95
94
94
+2.1 +3.2
95
97
91
New Jersey
rel to 1923
90
84
0.0
81
83
-1.2
82
82
79
81
Pennsylvania
rel. to 1923..
0.0
74
74
73
0.0
77
74
Delaware
rel to 1923
75
74
-2.7
92.5
89.1
-1.2
90.4
Maryland
rel. to 1924..
85.6
88.1
89.0
88.0
-0.6
119.7
118.1
+6.1
124.0
126.0
123.3
125.3
Iowa
rel to 1923
124.0
-3.8
86.8
85.3
83.2
+0 5
83.4
86.9
83.6
Illinois
rel to 1923
85.6
94.9
-1.3
90.9
96.8
97.1
+5.3
Wisconsin
.rel. to 1923..
97.9
97.0
95.7
-4.0
135.4
88.3
89.9
+40.2
125.7
134.7
Detroit
rel to 1923
131.3
126.0
69,046
69, 706
78, 910
Cleveland
number
76, 679
78, 420
192,411 195, 893
-4.0
+40.1
Detroit
number
273, 796 293, 457 294, 829 285, 936 274, 397
+0.2
35, 195
35, 176
38, 077
38, 090
+8.3
Milwaukee
number
37, 314
37, 385
38, 179
484, 819 475, 571
-0.1 •-0. 1
New York State
.number.. 451, 125 456, 303 466, 357 475, 753 475, 043
27, 624
26, 667
30, 812
29,405
31, 960
Oklahoma
number
31, 137
+0.2 +11.0
98.8
101.0
108.7
s 109. 5
Ohio *
rel to 1923
103.7
106.3
109.7
Total pay roll:
—0.5
+3.1
13, 671
13, 862
14, 195
New York State (weekly). -thous. of dolls..
13,411
14, 168
14, 094
13, 149
741
868
793
877
865
676
Oklahoma (weekly)
thous. of dolls..
-2.6
100.6
+7.7
106. 5
110.2
Wisconsin
rel to 1923
98.7
99.6
108.7
107.3
-0.5 +3.1
94.2
90.7
87.2
92.0
New York State
rel to 1923
94.0
93.5
89.0
102
102
+1.9
+7.0
105
99
100
New Jersey
rel to 1923
96
107
-2.3
85
84
+1.2
Pennsylvania
rel. to 1923..
83
83
85
76
87
—1.3
77
76
00
74
78
Delaware
rel. to 1923..
76
77
106.8
107.5
118.9
Employment, Canada
rel. to Jan. 1920..
119.5
119.9
122
—6.5 +25 2
135
5138
103
Ohio construction *..
rel. to 9123..
131
129
13.9
Employment, trade-unions:
— 1.1
United States
per cent of total
90.0
91.0
90.0
88.0
91.0
96.1
97.8
94.8
Canada
per cent of total
97.5
97.6
Anthracite mines:
119.8
112.8
116.6
110.8
105.1
107.9
Employment
rel to 1923-25
109.4
116.2
Pay roll
rel to 1923-25
119.8
86.7
92.5
62.0
Federal civilian employees, Wash60,236
60, 399
ington, D. C., end of month
number..
62,016
62, 111
62, 010
61,650
Average weekly earnings, factories:
28.59
28.31
28.23
Illinois
dolls
27.45
29.13
28.57
-0.4
+3.2
29.72
29.78
29.67
29.28
28.75
New York State
dolls
29.15
29.39
-1.4
27.25
25.40
+5.8
Wisconsin
dolls
26.87
24.45
26.60
26.30
25.39
Oklahoma
dolls
26.89
25.36
28.08
27.16
28.15
26.97
231.2
231.4
-2.5
234.4
230.2
Massachusetts
rel. to 1914_.
225.6
-2.0
234.6
230.9
-0.4
234.6
230.4
+3.2
238.1
« 238. 6
New York
rel to 1914
235.5
237.7
233.6
112
109
108
-0.9
111
+2.8
New Jersey
rel to 1923
108
109
110
104
101
-1.9
102
106
101
100
+4.0
Pennsylvania
rel. to 1923-.
96
102
103
102
104
-1.0
0.0
Delaware
rel to 1923
98
101
103
105.6
101.4
104.3
Illinois
rel to 1923
104.6
105.5
107.6
-1.4
105.9
112.1
105.9
+5.9
Wisconsin
rel to 1923
111.0
113.7
109.7
102.0
Average weekly earnings (National Industrial
Conference Board):
26.72
27.01
Grand total (both sexes)
dollars
27.35
27.76
27.09
29.35
28.69
Total male
dollars
29.95
30.30
30.93
30.78
32.42
Skilled male
dollars
30.15
31.35
31.77
24.21
23.42
Unskilled male
dollars..
25.27
24.78
24.69
17.32
17.35
17.04
Total women
dollars
17.33
17.07
Average weekly hours:
49.4
Nominal (both sexes)
hours
49.8
49.5
49.6
49.6
47.4
47.1
48.2
Actual (both sexes)_
hours..
47.5
47.9
5
t See tables on pages 19 and 20 of the December, 1928, issue for earlier data.
Revised.
* See table on p. 48 of the October, 1928, issue for earlier data.




42

TREND OF BUSINESS MOVEMENTS—Continued
j

i

1938

The cumulative,? shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

September

October

November

October

November

Nov.,
1928,

Nov.,
1928,

Oct.,
1928

Nov.,
1927

from

Per ct.
increase
(+)
or decrease
(-)

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

PER CENT INCREASE (+) OR
DECREASE (— )

1937

from

cumulative
1928
from
1927

1928

11927

EMPLOYMENT AND WAGES— Contd.
Wages, road labor, by districts:
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 hour-Wages, steel sheet workers
per cent of base
Applicants per 100 jobs, employment agencies:
United States
number
Eastern States
number
Central States
number
Southern States
number
Western States
number
Canada
number

47
43
27
25
27
38
36
44
53
40
50
125.5

48
41
34
25
29
39
38
50
53
42
50
125. 5

48
42
24
25
26
38
39
52
54
43
50
125.5

51
41
26
26
30
40
39
49
54
42
50
125.5

137
151
150
174
80
113

129
223
132
121
69
109

107
5 120
126

117
128
133
142
62

38.0
27.2
5.9
4.9
46.9

42.3
31.9
5.1
5.3
55.7

50.6
40.3
5.0
5.3
56.9

591

63

48
46
28
25
32
40
38
48
56
40
50
125.5

50
41
27 1
31
40
40
42
53
42
50
125.5

%53
40
501
128.5
137
146
160

120
129
145
122
61
116

1

98

+4.2
-10.9
+3.8
+8.0
+3.3
0.0
+8.1
-10.6 i
0.0
+5.0
0.0
-2.3

-2.0
0.0
+3.8
+3.8
+3.3
0.0
+2.6
-14.3
-1.9
0.0
0.0
0.0

48
46
26
25
30
40

_

1

I
j

132;

711
142

j

Factory Labor Turnover
(Percentage of number on pay roll)
Departures:
Total
per cent
Voluntary quits.._per cent
Lay offs
per cent
Discharges
per cent
Accessions
per cent
Industrial disputes:
Disputes
Workers involved
Man-days lost in month

(annual
(annual
(annual
(annual
(annual

basis)
basis)..
basis)
basis)
basis)

number
number
number

•41.9
531.9
•4.7
55.3
657.1

56
60
«59
'48
45, 749
134, 102 5 129,210 5 65, 260
3, 365, 803 s 3,577, 599 5 2,614, 354 1, 349, 347

39.6
25.3
8.5
5.8
40.8

35.5|
26.5!
4.1'
4.9
46.4;
i

-15.3
-16.9
-12.8
-7.5
-18.7

31.5
18.0
9.3
4.2!
31.6

58
51
82, 095
82, 607
2, 724, 117 2, 040, 140

+12. 7
+47 2
-55. 9
+16.7
+46. 8
i

1 -- - -

!

DISTRIBUTION MOVEMENT
Retail Sales
Mail-order houses:
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"Cli8ins) 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. II. Kress & Co
thous. of dolls..
Stores operated
number
Metropolitian
thous of dolls...
Stores operated
number
F. & W. Grand
thous. of dolls..
Stores operated
number
W. T Grant Co
thous of dolls
Stores operated
number
Restaurant chains:
Childs Co., sales. _
. thous. of dolls.
Stores operated
number
J. R. Thompson Co., sales.thous. of dolls..
Stores operated
number
Other chain stores:
Isaac Silver & Bros
thous. of dolls..
Stores operated
number
Hartman Corporation
thous. of dolls..
Stores operated
number
J. C. Penny Co
thous. of dolls..
Stores operated
number ;
United Cigar Stores Co
thous. of dolls. _ i
Stores operated
number.. ;
A. Schulte (Inc.).
thous. of dolls..
Stores operated
number
G. C. Murphy Co
thous. of dolls..
Stores operated
number
Installment sales in New England dept. stores;
ratio to total sales
per cent

g i

+20.3

435, 810
258, 415
177, 395

504, 942 ! +15.9
304, 539 +17.8
200, 403 +13.0

-4.5
+0.8
-8.3
+0.4
+0.8
+2.3
-0.8
+0.9
—0.7
+1.0
+3.2
+1-9
-2.1
0.0
+1.8
0.0

+5.8
+9.2
+3.9
• +8.6
+8.5
+ 15.2
+6.4
+3.2
+7.4
+7.2
+16. 7
+16.5

418, 935

450, 318 i

+7.5

228, 854

241, 884 (

+5. 7

110,7231
i
32, 479

122,519J +10.7

46,879|

53, lOOjl +13.3

-4.7
0.0
-4.9
0.0

-5.1
-6.0
+1.9
+3.4

40, 253
26, 276
13, 977

45, 994
28, 986
17, 008

50, 814
30, 004
20, 810

63, 587
37, 002
26, 585

61, 628
36, 172
25, 456

50, 869
29, 302
21, 567

51, 229
29, 847
21, 382

-2'. 2
-4.2

38, 764
2,526
20, 592
1, 658
10, 583
460
2, 950
224
4, 639
184
908
96
1,205
73
3,731
191

41, 050
2,552
21,812
1,675
11, 272
468
3,116
224
4,850
185
985
97
1, 236
74
3,996
191

42, 906
2, 588
22, 637
1,698
11,914
474
3,344
224
5,011
190
1,116
100
1,443
76
4,708
199

48, 992
2,615
26, 895
1,718
12, 925
481
3,471
224
5,701
192
1,232
104
1,756
80
5,418
203

46, 799 '
2, 637j
24, 660'
1,725
13, 034
492
3, 444
226
5, 661
194
1,271
106
1,719
80
5, 51*
203

46, 519
2,396
26, 034
1, 584
12, 084
419
3,332
217
5, 069
176
1,120
90
1,223
55
4, 275
135

5 44, 249
2,415
5 23, 730
1, 588
12,011
427
3,236
219
5,272
181
5 .1, 089
91 I
1,140
55
4,366
145

2,012
1,163
121

2,217
116
1,190
121

2,190
113
1, 185
121

2,266
110
1, 269
5123

2,160
110
1,207
123

2,378
119
1,224
116

462
26
991
20
11, 734
953
6, 334
3, 226
1, 846
300
796
116

460
26 j
1,416
19 !
12, 886
981
6,627
3, 271
1,912
300 ;
873 ;
118 j

512
29
2 192
19
16, 477
1, 006
6,622
3,288
1, 962
299
1, 046
119

610
30

5.7

12.1

7. 5

2,139
81, 244
214, 558

1,755
83, 354
419, 047

2,279
99, 897
423, 991!

6 116

19, 443
1, 020
6,797
3,315!
1, 955
298^
1, 056
120

632
30 '

!
!
19, 301 i
1, 021 :
6,816
3,227
1, 935
299 :
1, 132
120 ;

!

509
22 :
1, 478 •
18!
17, 166 1
889 !
6,822
3,143
2, 231!
297

875 ;

2,275
117
1,185
119
513
19

5

:

1,312
19
17, 063 !
890 i
6,534 !
3,148
2, 076 |
298 i
865

m|

115

7.0

6.7

!

+21. 2
+19.1 !

9, 922;

+50.8 |
+45.5
+26.3
+40.0 ! _ _

+3.6 +23.2
0.0 +57. 9 !

i

33, 815

+4. 1

+8.7

10, 785

10, 615!

13, 772 +29.7

35, 120,

44, 660 +27.2

_ _

__

.

26, 312

24, 007 | -8.8

13,087;

13, 330! i +1.9

4, 546

5, 353 +17.8

130, 164

151, 555 +16.4

i

-0.7 +13.1 |
+0.1 +14.7
+0. 3 +4.3
+2.5
-LO -6.8
+0.3 +0.3
+7.2 +30. 9
0.0 +4.3

+6.7

70, 704

71, 203

25, 807

21, 515 -1*6

8,170

9,669,1 +18.3
i

Advertising
Magazine advertising *
Newspaper advertising
Air mail, weight dispatched




thous of lines
thous. of lines..
pounds..
5
Revised.

5 2, 756
5 2, 912
114, 109 5 107, 248
153, 649
141, 282
£
•See table on p 20 of the D?->emler ,1928, issu j for
2, 871
112, 783
465, 635

2,845 ;!
110, 012
421, 174

-2.3
-0.9
-2.5 +2. 6
-9.5 +198! 1
earli er data.

27,081
26,702
1, 110, 232| 1, 088, 768
899,7301 2,997,380 :

-1.4
-1.9

+233. i

43
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
i November, except where otherwise
| noted. Far Her data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

September

!

October

November

PER CENT INCREASE (+) OR
DECREASE (— )

1937

October

November

Nov.,
1928,

Nov.,
1928,

Oct.,
1928

Nov.,
1927

from

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1927

from

1928

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

DISTRIBUTION MOVEMENT-Contd.
Postal Business
Postal receipts:
50 selected cities
thous. of dolls
50 industrial cities
thous. of dolls
Money orders:
Domestic paid (50 cities)—
Quantity...
number..
Value
thous. of dolls..
Domestic issued (50 cities)—
Quantity
number __
Value
thous. of dolls__

26, 508
2,956

27, 951
3,115

29, 261
3,074

34, 196
3,583

9,627
76, 227

10, 183
81, 180

9,748
79, 877

12, 020
99, 310

3,180
32, 812

3,165
32, 886

2,879
32, 382

3,669
37, 554

31,713
3,202
i

-3.3
-3.9

32, 799
3,331

11, 659
76, 574

11, 954'
97, 863

6

3,363
35, 147

3, 381
34, 860

6

-HX6

337, 3721
36, 238

335, 216
35, 864

32, 450
3, 395

6 107, 964
837, 771

6
6

6

32, 368
336, 407

6

+0.3
+1.0

108, 147
841, 879

+0.2
+0.5

9

+4.0
+2.0

33, 673
343, 074

BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents')
Policies, new (45 companies) :
Ordinary
number of policies _
242, 065
263, 201
219, 388
-2.1
212, 924
247, 376
203,629
257, 589 j
Industrial
number of policies..
753, 773 740, 371 770, 416 946, 284 782,026
992, 140
940, 847 -17.4
Group
number of contracts..
159!
120
208 +29, 3
170
148
203
Total
number of policies and contracts. _ 1,001,319
982, 595
989, 924 1, 209, 642 1,039,818 1, 205, 212 1, 144, 684 -14.0
Policies and certificates issued:
Total policies and certificates
number.. ! 1,040,054 1, 007, 041 1, 042, 747 1, 228, 396 1,081,973 1, 228, 861 1, 172, 404 -11.9
Group insurance certificates certificates..
24, 605
52, 943
18, 911
27, 928( +124. 0
38, 905
23, 797
42, 358
Amount of new insurance (45 companies) :
Ordinary
thous. of dolls
620, 220
545, 417
659, 844
+1.2
615, 753
582, 000
655 131
667, 633 !
Industrial
thous. of dolls _ i 194, 642
193, 365
198, 949
233, 530
265, 974
252, 738 -13.1
202,948
Group
.
thous. of dolls _
277, 943
56, 926
72, 119
74, 196
76, 960 -25. 7
53, 569
48, 625
Total insurance
thous. of dolls ; 923, 969
870, 511 1, 022, 309
965, 493
-4.3
911, 698
930, 352
924, 150
Premium collections (45 companies) :
Ordinary
thous. of dolls.. 1 152, 862
143, 386
135, 743
154, 489
+0.4
140, 041
145, 581
155, 032!
Industrial
thous. of dolls _ i
50, 228
49, 343
55, 691
53, 072
49, 272
48, 273 -11.7
49, 154 !
Group
thous. of dolls !
5, 705
5,738
7, 296
6,447
5, 792
4,862
-t-2. 0
6,577
Total__.
thous. of dolls.. i 213, 230
199, 319
190, 824
216, 627
195, 105
-2.7
198, 716
210,763
Admitted life insurance assets (41 companies) :
Grand total
mills, of dolls !
12, 406
12, 510
12, 634
12, 312
+0.9
12,742
11, 381
11, 484
Mortgage loansTotal. .
mills, of dolls.. I
5,382
5, 429
5, 484
5, 338
4,982
+0.6
5,517
5,019
Farm
mills, of dolls
1,602
, 1,604
-0.2
1, 606
1,621
1, 601
1,603
1,620
All other
_rnills. of dolls _ i
3, 780
3,825
+0.9
3, 737
3,878
3,361
3,914
3,399
Bonds and stocks (book value) :
Total
mills, of dolls 1
4,704
4,718
4,752
4, 665
4,262
+1.3
4, 323
4,816
Government
__. _ mills, of dolls.. !
927
930
939
916
928
949
940
+1.1
Railroad
mills, of dolls !
2,411
2, 397
2,406
2,410
2,268
2,287
2,437
+1.1
Public utility
mills, of dolls _
1, 151
1,138
1,163
+1.5
1, 128
911
942
1,180
All other
mills, of dolls !
231
+4.2
224
228
240
155
154
250
Policy loans and
premium notes
mills, of dolls
1, 472
1,486
1,497
1, 510
+0.9
1,347
1, 358
1,523
(Life Insurance Sales Research Bureau)

2, 386, 196 2, 694, 075
9, 100, 862 9, 451, 917
1,832
1,878
-9^2 11, 488, 936 12, 147, 824

-16.9

+12. 9
+3.9
-2.4
+5.7

-7.7 12, 463, 927 12, 577, 149 +0.9
431, 157 +14.4
+51.7 ,. 376,869
+14.7 7, 078, 559 7, 389, 250 +4.4
-19.7 2, 456, 257 2, 446, 476 -0.4
-30.4
659, 347 1,111,998 +68.7
+1.4 10, 194, 163 10, 947, 724 . +7.4

+6.5
+1.8

1, 572, 202
512, 338
58, 597
2, 143, 137

+35.3

+6.1

1, 692, 182
565, 642
80, 901
2, 338, 725

+7.6
+10.4
+38.1
+9.1

+11. 0
+9.9
-1.0 i
+15. 2
+11.4 --+1.0
+6.6

--

+25.3
+62.3

+12.2
i

|

Sales of ordinary life insurance (81 companies) :
United States total
thous. of dolls..
Eastern manuf. dist
thous. of dolls..
Western manuf. dist
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. _
Banking
Check payments:
^ New York City
mills, of dolls..
! • fc Outside New York City
mills, of dolls..
Canada
:
mills, of dolls..
Federal reserve banks:
Bills discounted
mills, of dolls
Notes in circulation
mills, of dolls
Total investments
mills, of dolls..
Total reserve..
_ _ mills, of dolls
Total deposits
.mills, of dolls..
Reserve ratio
. .percent
Federal reserve member banks:
Total loans and discounts mills, of dolls
Total investments
mills, of dolls
Net demand deposits.
mills, of dolls..
Brokers' loans, end of month:
To N. Y. Stock Ex. membersTotal
mills, of dolls
Ratio to market value
per cent
By New York F. R. member
banks
mills, of dolls
Interest rates:
Time loans 90 days
per cent
Call loans, renewal
per cent i
Prime com. paper (4-6 mos.)
per cent !
Prime bankers' acceptances
per cent..
N. Y. Fed. Res. Bank (redisc.).-.per cent..
Federal land banks
percent..
Intermediate credit banks
per cent
Deposits, New York State savings
banks end of month
mills, of dolls




+26.5

700, 939
273, 188
163, 694
107, 659
85, 056
71, 342
49, 492

702, 275
273, 055
163, 568
104, 287
86, 288
75, 077
43, 503

578, 193
218, 788
136, 379
90, 916
71,371
60, 739
38, 872

764, 577
316, 574
176, 739
112,916
85, 408
72, 940
55, 743

722,495!
296,968
167,479
104,294;
81,768!
71,9861
54,865

659, 375
257, 543
148, 380
103, 663
82, 706
67, 083
48, 104

662, 688!
254, 111
150, 447
106, 310
84, 189
67, 631
44, 935(

c g
+9.0
-6.2 +16.9
-5.2 +11.3
-7.6 -1.9
-4.3 -2.9
-1.3 +6.4
-1.6 +22.1

7, 697, 601
3, 121, 131
1,710.028
1, 155, 356
936, 724
774, 362
453, 539

8, 050, 617
2, 995, 254
1, 805, 899
1, 212, 183
947, 154
790, 122
523, 589 }

+4.6
-4.0
+5.6
+4.9
+1.1
+2.0
+15.4

35, 085
23, 897
1,896

35, 102
23, 401
1,813

38, 726
24, 450
1,681

45, 189
27, 705
2,395

45, 469
25, 880
2, 376

34, 091
25, 111
1,849

33, 282
6 23, 803
2,159

+0.6 +36.6
-6.6 +8.7
-0.8 +10.1

352, 619
254, 957
17, 393

447, 484 '
276, 542
21, 263

+26.9
+8.5
+22.3

1,086
1,613
378
2, 756
2,402
68.6

1,039
1,651
394
2,765
2,325
69.5

1, 026
1,704
545
2, 751
2,414
66.8

932
1,710
671
2,773
2,419
67.2

990 !
1,766
716
2,722
2,411
65.2

379
1,717
862
3,067
2,404
74.4

477
1,717
903
2,940
2,413
71.2

+6.2 +107. 5
+3.3 +2.9
+6.7 -20.7
-1.8 -7.4
-0.3 -0.1
-3.0 -8.4

15, 861
6 589
13, 186

15, 729
6,405
12, 871

15, 952
6,401
13, 226

16, 067
6,430
13, 368

16, 260
6,375
13,460|

15, 029
6,065
13, 464

15, 214
6,329
13, 954

4,837
9.00

5,051
8.80

5,514
9.29

5,880
9.62

6, 3921
9. 66

3,946
8.57

4,092
8.43

+8.7 +56.2
+0.4 +14.6

4, 259

4,235

4,570

4,907

5, 290

3,372

3,511

+7.8

+50.7

6.00
6.05
5.13
4.25
5.00
5.04
4.75

6.25
6.87
5.38
4.63
5.00
5.04
4.92

7.00
7.26
5.63
4.50
5.00
5.04
5.23

7.13
6.98
5.50
4.50
5.00
5.04
5.27

6.93
6.671
5.381
4.50
5.00
5.04
5.40

4.32
3.90
4.00
3.25
3.50
5. 17
4.50

4.19
3.60
4.00
3.25
3.50
5.17
4.50

-2.8
-4.4
-2.2
0.0
0.0
0.0
+2.5

+85.3
+34.5
+38.5
+42.9

4,299

4,352

4, 345

«Re\ ised.

4,283

'

•

+1.2
-0.9
+0.7

-0.3
6 C u mulative t hrough Oc t. 31.

4,334

4,085

4,097

+6.9 i
+0.7
-3. 5

+65. 4

-2.5

+20.0

+5.8

'' 1

44

TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

PER CENT INCREASE (+) OR
DECREASE (— )

1927

September

October

November

October

Nov.,
1928,
from
Oct.,
1928

Novem
ber

Nov.,
1928,
from
Nov.,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1937

1938

Per ct.
increase
(+>
or decrease
(-)
cumulative
1928
from
1927

BANKING AND FINANCE-Continued
j

Public Finance
Government debt, gross, end mo.mills. of dolls. _
Customs receipts
thous. of dolls. .
Total ordinary receipts
thous. of dolls. .
Expenditures chargeable to
ordinary receipts
._
.thous. of dolls..
Money in circulation, end mo.:
Total
mills, of dolls _
Per capita
dolls..

17, 526
44, 591
154, 859

17,648
52, 797
173, 495

17, 367
50, 410
557, 398

17,544
59, 741
187, 627

17, 493
48, 436
145, 156

18, 369
56, 617
221, 205

18, 174
47, 660,
149, 683

-0.3
-18.9
-22.6

-3.7
+1.6
-3.0

548, 833
3, 435, 107

519, 697
3, 270, 943

-5.3.
-4.8

278, 620

308, 594

482, 600

368, 653

213, 629

413, 220

406, 830

-42. 1

-47.5

3, 250, 597

3, 371, 186

+3.7

4,952
42. 13|

+3.8
+3.8

+0.8
-0.4

91, 840' -15.3
-2.9
848, 059
2,082 +106. 8
55, 266

+12.0
+2.8

-58. 5!

897, 352
9, 279, 405
197, 104
123, 606

904, 093 +0.8.
9, 498, 351 +2.4
143, 927 -27. 0
559, 121 +352. 3

+7.0
-2.3

-7.0!
+15. 2|

54, 397
19, 038

45, 378 -16.6
9,057 -52.4

-6.0 +491. 9
-51.8
-39. 0!
-25.6
+6.81
+5.9 +36. 0
-0.2
+0.9

51, 303
68, 438

62, 175 +21. 2
78, 868 +15.2

443, 936 -5.4
161, 695 -11.4
206, 368 -2.4
77, 722 +3.5
33, 392 +50.7

4,701
39.67

4,803
40.50

4,846
40.82

« 4, 806
fi 40. 44

4,990
41.95

4,946
42.12

98, 769
891, 863
2,445
1,698

83, 247
857, 731
4,273
3,810

121, 539
897, 720
14, 310
990

102, 893
872,000
29,591
22, 915

97, 103
855, 743
2,056
10, 698

4,776
2,252

4,087
2, 177

5 4, 352
« 2, 051

4,658
2,003

4,980
1,696

5, 010
1, 739

263
720
6,496
9,246
.589

872
1,457
4,916
6,229
.575

856
718
7,319
7,238
.581

805
346
5,447
7,664
.580

178
494
5,069
5,945
.560

136
567 1
5, 102|
5, 634
.575!

29,587
12, 932
12, 899
3,755
1,406

58, 202
16, 877
19, 096
22, 229
2,589

33, 957
14, 727
13, 567
5,662
2,572

34, 990
13, 490
17, 268
4,232
2,504

40, 601
15, 446
17, 224
7,932
3,287

36, 236
17, 134
14, 657
4,445
2,148

36, 147 j
12, 786
16, 949
6, 412
s 2, 529

+16.0
+14.5
-0.3
+87.4
+31.3

+12. 3
+20. 8
+1.6
+23. 7!
+30. 0

469, 043
182, 482
211, 461
75, 100
22, 163

1,723
450
1,161
112
124

1,852
493
1,241
112
135

1, 635
454
1,073
108
120

2,023
528
1,369
126
159

1,838
519
1,202
117
174

1,787
488
1,170
129
173

1, 864
478
1, 276
110
162

-9.1
-1.7
-12.2
+9*. 4

-1.4
+8.6
-5.8
+6.4
+7.4

20, 984
5,085
14, 652
1,247
1,832

21, 902
5,426
15, 147
1,320
1,661

+4.4
+6.7
+3.4
+5.9

31
61
69
5
16
47
18
3

35
74
73
6
24
15
4
3
212

33
79
94
13
18
47
14
6

46
85
105
6
9
29
18
12

32
59
75
9
22
39
8
6

195

36
59
60
4
22
51
8
6
10
237

217

202

231

38 +39.4
+7.6
67
72 +11.7
8 -53.8
19 -50.0
-38.3
37
13 +28.6
9 +100. 0
0.0
10
-6.9
205

+21.1
+26.9
+45.8
-25.0
-52.6
-21.6
+38.5
+33.3
-30.0
-1.4

329
611
755
66
242
406
123
95
78
2,380

415
724
863
85
161
450
149
69
88
2,424

+26.1
+18.5
+14.3
+28.8
-33.5
+10.8+21.1
-27.4
+12.8
+1.8

77
387
202
179
55
14
247

54
423
210
171
71
11
307

60
376
168
187
43
13
226

87
503
225
190
78
10
276

100
412
200
157
62
14
257

57
384
192
183
60
11
283

89
420
214
208
71
11
263

+14.9
-18.1
11. 1
-17.4
-20. 5
+40.0
-6.9

+12.4
-1.9
6 5
-24.5
-12.7
+27.3
-2.3

1,581
. 4,369
2,696
2,532
720
132
3,083

thous. of dolls
thous. of dolls

719, 196
466, 704

333, 400
182, 000

408, 600
262, 500

586, 750
388, 600

400, 560
234, 220

566, 175 « 386, 800
369, 850 5 227, 100

'-31. 7
-39.7

+3.6
+3.1

5, 089, 873
3, 140, 228

5, 323, 911
3, 321, 824

+4.6+5.8

thous. of dolls
thous. of dolls..
thous. of dolls
thous. of dolls

252,492
184, 892
34,500
13, 600

151, 400
109, 450
35, 200
6,750

146, 100
118,450
20,400
7,250

198, 150
156, 200
29,400
12, 550

166, 340
118, 500
34,900
12,900

159, 700
196, 325
155, 700 « 113, 800
33, 500
28, 375
12, 250
12,400

-16.1
-24.1
+18.7
+2.8

+4.2
+4.1
+4.2
+4.0

1, 939, 650
1, 425, 775
325, 450
108, 925

2, 002, 087
1, 474, 742
337, 455
115, 350

+3.2
+3.4
+3.7
+5.9*

Foreign loans in the U. S
thous. of dolls..
43, 591
111, 513
73, 370
Foreign governments
thous. of dolls .
41, 396
43, 500
36, 750
Total corporation **
thous. of dolls. . 323, 748 199, 426 428, 184 655, 604
Purpose of issueNew capital
_ thous. of dolls _ 284, 803 180, 716 391,158 600, 473
Refunding
thous. of dolls
38, 945
37, 026
18, 710
55, 131
Type of securityStocks
thous. of dolls
208, 212
73, 892
172, 047
390, 610
Bonds and notes
thous. of dolls
115, 538
125, 534
256, 137
264 994
Class of industryRailroads
_
thous. of dolls _
18, 874
13, 726
45, 830
Public utilities
thous. of dolls
57, 598
97, 776
202, 239
214, 466
Industrials
thous. of dolls
98, 810
32, 989
98, 234
114, 233
Oil
thous. of dolls
15,030
7,000
Land and buildings
thous. of dolls..
64, 538
30, 256
57, 517
85, 627
Shipping and misc
thous. of dolls. . 68, 374
44, 678]
70, 194
163, 749
Revised.
" See table on p. 19 of the October, 1928, issue for earlier data.

90,000
15, 000
760, 629

260, 145
125, 623
734, 081

165, 067
35, 800
617, 554

+22.7
-59.2
+16.0

-45.5
-58.1
+23.2

1, 486, 102
709, 579
6, 449, 353

1, 371, 639
635, 120
6, 715, 284

-7.7
-10.5
+4.1

702, 055
58, 574

574, 380 s 403, 364
214, 190
159, 701

+16.9
+6.2

+74.0
-72. 7

4, 784, 637
1, 664, 716

5, 073, 139
1, 642, 145

+6.0
-1.4

447, 080
313, 549

134, 568
599, 513

121, 198
496, 356

+14.5 +268. 9
+18.3 -36.8

1, 482, 667
4, 966, 687

2, 843, 470 +91.0
3,871,817 -22.0

57,800
151,851
154, 752
99,616
73, 745
222, 866

32, 550
311, 832
113, 368
42,000
73, 729
160, 603

16, 796
252, 482
180, 038
8,200
42, 730
117,309

+26.1 +244. 1
-29.2 -39.9
+35.5 -14.0

889, 121
2, 469, 091
1, 120, 046
383, 338
610, 767
903, 230

647, 261
2, 425, 318
1, 322, 063
208, 943
765, 873
1, 326, 898

Gold and Silver
Gold:
Domestic receipts at mint fine ounces..
72, 676
Rand output
fine
ounces
867, 211
Imports
thous. of dolls .
10, 331
Exports _
thous. of dolls. .
74, 190
Silver:
ProductionUnited States
...thous. offineo z _ _ 3,915
Canada
thous. of fine oz__
2,389
Stocks, end of monthUnited States
thous. of fineoz..
262
Canada
thous. of fineoz..
430
Imports
.thous. of dolls. .
6,544
Exports
__..thous. of dolls..
6,160
Price at New York
dolls, per fine oz._
.592
Business Failures
Liabilities (United States):
Total commercial
thous. of dolls
Manufacturers
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 .
Manufacturers
number
Trade establishments
number. _
Agents and brokers _ _
number. _
Firms (Canada)
number
By groups:*
ManufacturersMetals
number. .
Textiles '
number
Lumber
number,.
Chemicals
number
Printing and engraving ...number _
Foodstuffs
number
Leather, etc
..number
Liquors and tobacco
number
Stone, clay, and glass
.number
All other
number
TradersGeneral stores
Foods and tobacco
Clothing
Household furniture
Chemicals and paints
Books and paper
All other

number
number
number
number
number
number _
number

-9. a

938 -40.7
4,712 +7.9
2,903 +7.7
2,549
+0.7
738 +2.5
139 +5.3
3,165 +2.7

Dividend and Interest Payments
Grand total
Interest payments
Dividend payments:
Total
Industrial and misc
Steam railroads
Street railways

New Security Issues




-13.9
+36.1

+72.6
-10.0

" See table on p. 25 of the November, 1928, issue for earlier data.

-27. 2
-1.8
+18.0
-45. 5
+25.4
+46.9

45

TREND OF BUSINESS MOVEMENTS—Continued
i

1928

The cumulatives shown are 'through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

PER CENT INCREASE (+) Oil
DECREASE (— )

1927

September

October

November

October

Nov.,
1928,
from
Oct.,
1928

November

Nov.,
1928,
from
Nov.,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

1927

1928

Per ct.
increase
( }

or tdecrease
(-)
cumulative
1928
from
1927

BANKING AND FINANCE— Continued
New Security Issues— Continued
Bond sales (Canada):
Govt. and provincial
thous. of dolls
Municipal- _
thous. of dolls
Corporation
thous. of dolls
States and municipalities:
Permanent loans _ . _ thous. of dolls
Temporary loans
thous. of dolls
Tax-exempt securities outstanding p.nri of month
mills, of dolls
Agricultural

i

975
9,565

964
• 4, 095

9,733
260
11, 980

18, 061
4,834
16, 487

11, 663
2,511
5,725

24, 045
3,828
74, 936

75, 886
57, 014

78, 600
63, 703

5 70, 278
73, 419

s 98, 777
5 82, 552

167, 428
12, 504

124, 759
69, 561

105, 067
26, 575

16, 890

16, 911

5 16, 932

17, 007

16, 060

16, 142

58, 540
10, 532
24, 260 1

—35 4
-48.1
-65. 3

-80.1
-76.2
-76.4

155, 921
66, 141
297, 204

89, 227 -42.8
24, 715 -62.6
244, 936 -17.6

+80.4
-84.9

+59.4
-52.9

1, 360, 666
580, 625

1, 268, 164 -6.8
688, 778 +18.6

+0.1
-0.3

+3.5
-0.4

+2.8
-10.9

+9.6
-72.4

Finances

Loans outstanding, end mo.:
Federal farm loan banks thous. of dolls.. 1, 185, 714 1, 187, 365 1, 189, 345 1, 190, 278 1, 191, 724 1, 147, 135 1, 150, 943
607, 891
Joint-stock land banks
thous. of dolls.. 608, 314 608, 706 608, 451 607, 632 605, 595
610, 050
Federal intermediate credit
67, 815
76, 547
71, 815
banks
thous. of dolls
66, 978
68, 619
66, 885
78, 685
583
558
1,800
War Finance Corporation. .thous. of dolls..
781
747
4,080
497
Stocks and Bonds
Stock prices, average daily closing:
25 industrials, average
dolls, per share..
25 railroads, average
dolls, per share
103 stocks, average
dolls, per share..
Southern cotton mills
dolls, per share-Stock, prices, average weekly closing:f
Industrials, rails, and utilities
(394)
rel. to 1926..
All industrials (325)
rel. to 1926
Railroads (33)
rel. to 1926..
All utilities (35)
rel . to 1926
Automobiles (14)
rel. to 1926..
Chain stores (18)
rel. to 1926..
Copper and brass (10) . . .
rel. to 1926
Food, other than meat (23)
rel. to 1926. _
Machinery and machine
equipment (10)
rel to 1926
Oil producing and refining (lej .rel. to 1926- .
Railroad equipment (9)
rel. to 1926..
Steel and iron (10)
_
rel. to 1926..
Textiles (23)
rel. to 1926
Theaters, motion pictures, and
amusements (7)
rel to 1926
Automobile tires, rubber
goods, etc. (7)
rel. to 1296
Tobacco and tobacco products
(10)
rel. to 1926
Traction, motor transportation, etc. (9)
_...
..rel. to 1926,.
Stock yields:
Common
per cent
Preferred high grade
per cent
Stock sales, N. Y. Stock Exch.thous. of shares..
Bond sales:
Miscellaneous
thous. of dolls..
Liberty-Treasury
thous. of dolls. _
Total
thous of dolls
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..
Bond prices, 1st of following month:
5 Liberty bonds
_._
p. ct. of par._
16 foreign govt. and city
p. ct. of par..
Comb. price index, 66 bonds-.p. ct. of par..
Bond yields:
Total, 60 high grade
per cent
Railroads (15).
per cent-Industries (15) _ per cent
Utilities (15)
per cent
Municipal (15)
per cent
Municipal (20)
per cent
U. S. Treasury notes and
certificates, 3-6 months
per cent
Liberty and Treasury bonds
per cent-Long-term real-estate bonds issued:
Grand total
..thous. of dolls
Purpose of issueFinance construction.. .thous. of dolls..
Real-estate mortgage... thous. of dolls..
Acquisitions and
improvements
thous of dolls
Kind of structure—
Office and commercial. -thous. of dolls..
Hotels ___
thous. of dolls..
Apartments
-thous. of dolls..
5 Revised.




257, 98
119. 18
146. 71
108. 17

267. 16
121. 57
151. 24
104. 82

283. 99
124. 82
154. 87
103. 31

293. 51
123. 40
154. 95
103. 19

316. 15
130. 07
175. 63'
102. 58

233. 36
117. 84
130. 15
111.31

237. 84
120. 04
142. 63
111.94

+7.7
+5.4
+13.3
-0.6

+32.9
+8.4
+23.1
-8.4

144.2
147.8
124.6
145.3
238.4
135.3
150.0
152.1

148.3
152.6
126.5
147.9
244.7
142. 9
155.2
158.1

156.6
162.2
129.6
155.8
270.0
150.5
172.0
167.1

159.1
166.2
128.2
154.5
283.6
150.9
185. 1
167.1

171. 1!
178. 9
134. 9|
168. 5
284.3
161. 0
227.0
171.7

126.7
127.5
124.3
124.5
173.6
127.4
115.8
131.3

129.6
131.3
124.9
125.6
173.6
132.3
123.4
136.1

+7.5
+7.6
+5.2
+9.1
+0.2
+6.7
+22.6
+2.8

+32.0
+36.3
+8.0
+34.2
+63.8
+21.7
+84.0
+26.2

132.7
110.9
125.1
136.6
106.4

135.4
112.6
123.6
143.6
105.9

139.4
115.7
129.5
155.8
109.6

140.1
117.0
126.8
158.7
115.1

148. 7i
132. 6
130.6
164. 6
128. 1

115.9
98.2
125.4
133.7
107.6

119.4
103.5
127.6
135.1
109.3

+6.1
+13.3
+3.0
+3.7
+11.3

+24.5
+28.1
+2.4
+21.8
+17.2

111.0

116.6

135.1

136.7

139. 1

104.1

105.4

+1.8

+32 0

113.3

119.3

127.6

137.6

143.2

125.6

124.5

+,!

+15.0

134.3

137. 6

142.5

141.8

150. 6

150.4

159.1 j

+6.2

-5.3

96.0

95.7

99.5

96.3

95.3

94.8

95.0

-1.0

+0.3

4.56
5.40
39, 001

4.44
5.43
67, 704

4.27
5 41
9C.C07

4.27
5.44
99, 077

3.99
5.42
115,435

5.02
5.45
50, 459

4.86
5.43
51, 356

183,815
25, 240
209, 055

173, 561
9,988
183, 549

190, 582
10, 467
201, 049

226, 621
11,949
238, 570

210, 897
10, 569J
221, 466|

258, 112
13, 187
271, 299

261, 540
20, 205
281, 745

-6.9
-11.5
-7.2

90.62
83.09
79.47
77.74
82.45

89.66
80.99
79.08
77.97
81.68

91.05
82.51
79.51
78.18
82.53

90.72
81.98
81.12
78.34
82.79

91. 30
83.11
81.30
78.57
83.31

96.11
87.24
79.00
79.93
85.05

97.23
87.87
79.14
79.86
85.43

+0.6
+1.4
+0.2
+0.3
+0.6

-6.1
-5.4
+2.7
-1.6
-15 I

103. 20
104. 85
100. 05

103. 88
104. 77
100. 36

103. 11
104. 55
100.40

103. 85
104. 59
100. 53

103. 75;
104. 20
100. 57

103. 92
104. 65
101. 59

106. 53
105. 46
102. 43

-0.1
-0.4
0.0

-2.6
-1.2
-1.8

4.54
4.44
4.95
4.68
4.13
4.13

4.59
4.49
4.96
4.73
4.16
4.18

4.57
4.43
4.95
4.73
4.17
4.16

4.57
4.43
4.95
4.74
4.17
4.16

4.55
4.39
4.93
4.73
4.15
4.14

4.43
4.24
4.79
4.75
3.93
3.95

4.42
4.19
4.79
4.76
3.93
3.93

-0.4
-0.9
-0.4
-0.2
-0.5
-0.5

+2.9
+4.8
+2.9
-0.6
+5.6
+5.3

4.12
3.50

4.36
3.56

4.57
3.54

4.70
3.55

4.25
3.48|

3.08
3.43

3.04
3.39

-9.6
-2.0

+39.8
+2.7

48, 495

21, 947

52, 116

64, 864

61, 360

59, 092

27, 131

18, 581
24, 079

9,970
5,590

4,460
32, 955

33, 290
11,898

12, 590
14,980

35, 819
10, 523

12, 460
5,241

1,510

3,252

530

1,509

26, 550

525

58, 728

77, 787 +32.5

11,095
300.
1, 970

21, 980
3,845
11,519

+21.2
-88.7
-11.5

170, 448
44, 476
54, 470

188, 784 +10.8
44, 760 +0.6
40, 672 -25.3

9,786
4,020
4,600

4,785
2,200
3,145

2,510
400
270

15, 018
9,900
8,423

-6.6 -17.9
-0.4
—0 2
+16.5 +124. 8

522, 124

827, 714 +58.5

-19.4
-47.7
-21.4

3,122,544
265, 985
3, 388, 529

2, 593, 461 -16.9
161,368 -39.3
2, 754, 829 -18.7

-5.4 +126. 2

518, 420

644, 313 +24.3

-62.2
+1.0
+25.9 +185.8

245,928
126, 008

240, 390 -2.3
205, 207 +62.9

1,850
9,155
2,660
2,226 1

-26.1
-97.0
-76.6

f See table on p. 24 of the November, 1928, issue, for earlier data.

46

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 28 to 137
of the August, 1928, "Survey"

PER CENT INCREASE (+) OR
DECREASED— )

1927

1938

Nov.,

July

August

Septem- October
ber

November

October

November

1928,

Nov.,
1928,

Oct.,
1928

Nov.,
1927

from

from

Per ct.
increase

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

j or de! crease

cumuj lative
1928
from
j 1927

1928

1927

BANKING AND FINANCE— Continued
Corporation Profits
(Quarterly)
Grand total, nine groups
Railroads
Telephone _
Industrial, total
Motors and accessories
Steel
_Oil
Food
Metals and mining. ..
Machinerv
Miscellaneous

mills, of dolls. _
mills, of dolls..
mills, of dolls. .
mills, of dolls. _
mills, of dolls. _
mills, of dolls. _
mills, of dollsmills, of dolls.
mills, of dolls. _
mills, of dolls..
mills, of dolls.

7553
7248
765
7240
M23

8665
8358

'

9

1

»335
9
55
9
186
9
90
9
29

861

8246
8109
843
825
822

713
723
714
76
721

1
'
!
^

818

576

+20.3 +15.5
+44.4 +6.91
-6.2
+2.5
—11.4
+7.5

7
8
22

+32.3

.

+21. 1

+48.3
+92.3 +78.6

8 21 i
89

'

95
9

8

j|I

+10. 9

18

-4.3 +4.8
+28 6 +100. 0
+16.7 +40.0
+4.8 +22.2

FOREIGN EXCHANGE RATES
Europe:
England
.dolls, per £ sterling..
France
dolls, per franc..
Italy
dolls, per lira
Belgium
dolls, per franc..
Netherlands
dolls, per guilder..
Sweden
- -dolls, per krone. .
Switzerland
- dolls, per franc
Asia:
Japan
dolls, per yen._
India
dolls, per rupee
America:
Canada
._ .dolls, per Canadian doll..
Argentina
- -dolls, per gold peso
Brazil
-dolls, per milreis..
Chile
dolls, per paper peso

i

4.86
.039
.052
.139
.403
. 268
.193

4.85
.039
.052
.139
.401
.268
.193

4.85
.039
.052
.139
.401
.268
.193

4.85
.039
.052
.139
.401
.267
.192

4.85
.039
.052
.139
.401
.267
.193 |

4.87
.039
.055
.139
.402
. 269
.193

4.87
.039
.055
.140
.404
.269
.193

0.0
0.0
0.0
0.0
0.0
0.0
+0.5

-0.4
0.0
-5.5
-0.7
-0.7
-0.7
0.0

.459
;363

.451
.363

.458
.363

.462
.365

.464
.365

.466
.364

.460
.365

+0.4
0.0

+0.9
0.0

.998
.961
.119
.121

1.000
.959
.119
.121

1.000
.957
.119
.121

1.000
.956
.120
.121

1.000
.958
.119
.121

1. 001
.972
.119
.122

1.001
.971
.119
.122
i

0.0
+0.2
-0.8
0.0

-0.1
-1.3
O.Oi
-0.8

317, 788

346, 723

5 319, 630 5 355, 433

327, 000

355, 744

5 344, 267!
j

-8.0

-5.0

97, 688
11, 293
20, 662
6,949
28, 113

107, 863
15, 138
21, 025
6,875
27, 517

102, 523
13, 780
18, 569
6, 543
26, 406

121, 201
17,220
22, 29S
10, 071
33, 407

8121,879
8 18, 291
20, 846
511,414
33, 119

115,910s
15, 460
18, 401
10, 697
33, 841

77, 735
41, 784

78, 720
43, 240

76, 891
42, 168

84, 399
47, 403

84, 752
44, 670

81, 578
45, 113

45, 644
8,119

50, 552
8,438

37, 201
6, 296

41,610
6,745

|

43, 268
8,- 536

44, 945
8,296

89, 769
24, 890
6,968

100, 888
38, 991
8,782

97, 355
33, 679
5,257

100, 954
35, 324
7,239

!

8100,768
33, 973
5, 071

95, 704
25, 639
6,129

e 1, 123, 927 e 1, 032, 600
6 342, 238 6 319, 573
6 78, 138
6 76, 852

-S.I
-6.6^
+1.7

119, 220 ^ 118, 394

6 1, 360, 747 6 1, 240, 515

-8.8

i

I
i

ii

~~"]i

"

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 America —
Total
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 classes and 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..

106, 005
43, 174
33, 314
60, 050
75, 246

i
i
i
i

8 122, 186 8 110, 322 8 117, 691
8 45, 940
30, 060
s 66, 345
8 82, 192

37, 207
8 33, 776
8 63, 364
s 74, 961

44, 194
41, 347
67, 807
83, 173

s 49, 145
5 36, 123
5 60, 091
5 80, 512

546, 000 ! 5488,675

461, 018

! 5253,827
! s 29, 054
! s 62, 661
14, 494
s 89, 959

241, 169
28, 542
58, 657
14, 926
79, 197

114, 543
80, 682

106, 3911
69, 991

32, 719
13, 640

39, 725!
15, 381

5 77, 698
33,711
9,888
480.428

64, 726'
27, 814
9, 007
8452.868

41, 967
35, 391
8 71, 208
5 89, 177

i
j
!
i

3, 509, 191 3, 425, 526

-2. 4

6 1, 055, 208 6 1, 031, 243 -2.3
6 139, 117 6 129, 585 -6.9
6 6166, 643 6 184, 820 +10.9
6 80, 277 -10.3
89, 498
6 295, 024 6 291, 280 -1.3
6

827, 395
6 389, 410

6 807, Oil
6 406, 462

6 425, 801
6 82, 530

6 6477, 112 +12.1
86, 614 +4.9

6 303, 921
e 386, 245
6630,469
6 727, 806

-2.5
+4.4

6

459, 929 +51.3
« 345. 940 -10.4
8628,918 -0. 2
6 750, 227 +3.1

Exports
Grand total, including
378, 768
379, 874
421, 737
550, 866
reexports
thous. of dolls
By grand division:
Europe192, 861
152, 342
269, 352
Total
thous. of dolls
149, 183
15, 918
15, 167
20, 048
France
-.
thous. of dolls .
28, 928
22, 094
24, 579
57, 961
46, 291
Germany
thous. of dolls
9,955
14, 275
11, 853
16,936
Italy
-- -thous. of dolls .
52, 120
52, 826
United Kingdom
thous. of dolls..
59, 173
97, 991
North AmericaTotal
-thous. of dolls _. 110, 590 118, 940 115, 621 126, 812
77, 325
85, 851
87, 277
Canada
thous. of dolls
89, 478
South America49,094
43, 907
43, 766
33, 905
Total
thous. of dolls
11,457
16, 736
17, 348
19, 719
Argentina
thous. of dolls
Asia and Oceania —
92, 977
59, 973
71, 806
Total
thous. of dolls • 61, 979
27, 542
17, 987
15,517
39, 136
Japan
thous. of dolls .
8,011
7,544
12, 631
9,950
Africa total
thous of dolls
Total domestic exnorts onlv. __ thous. of dolls.. 371.471 371. 428 8 414. 860 8 544, 050
* Quarter ending June 30,1928.
G Cumulative through Oct. 31.
• Revised.




i

8

+18. 4

-0. 9

Quarter ending Sept. 30,1928.

i

i

_
_ _

4, 457, 816 4, 654, 462

6 1, 864, 855 61,861,311 -0. 2
e 177, 092 66 183, 166 +3.4
355, 933 -6.1
6 379, 199
6 100, 818 6 129, 931 +28.96
688, 364 e 646, 275 -6.1
e 1, 055, 876 61,6 100, 475
769, 268
6 709, 816

+4.2
+8.4

6 388, 239
6 145, 434 i

+7.5
+9.3.

» 627, 383 6 665, 339
6 206, 550 6 223, 095
e 93, 098
e 87, 619
6
3, 907. 681 M.026,489 I
•Quarter ending Sept. 30,1927.

+6.0
+8.0
+6.3
+3.0-

6 361, 060
133, 080
6

_

+4.4

47

TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
November, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137
of the August, 1928, "Survey"

July

August

September

PER CENT INCREASE (+) OR
DECREASE (— )

1927

October

November

October

j^111"

Nov.,
1928,

Nov.,
1928,

Oct.,
1928

Nov.,
1927

from

from

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH NOV. 30

Per ct.
increase
or decrease

1927

1928

6

e 947, 181

cumulative
1928
from
1927

U. S. FOREIGN TRADE— Continued
Exports— Continued
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...
...rsl. to 1910-14
All commodities except
cotton
__rel. to 1910-14

60, 177

52, 375 s 120, 188 s 176, 354

14, 212
29, 308
30, 666
34, 867
61, 397 5 55, 873
205, 019 « 199, 005

5

160, 282

145, 889

42, 363
52, 381
s 35, 762 « 51, 645
551,097 8 59, 998
165, 451 5 203, 672

64

75

138

201

192

185

161

84

126

168

232

172

218

187

103, 404
127, 369

114, 175
113, 904

106, 066
111,856

112, 341
143, 955

102, 967
170, 092

93, 936!
105,821

929, 321

+1.9

6 351, 081 fl 234, 566 -33.2
6 378, 849 «6 375, 733 -0.8
6 584, 085
597, 500 +2.3
e 1, 664, 346 6 1, 871, 509 +12.4

62, 425
46, 723
45, 643 5 42, 398
55 001 « 56 140
157, 077 « 161, 722
-4.5

+19.3

-8.0

CANADIAN FOREIGN TRADE
Total trade:
Imports
Exports




thous. of dolls
thous. of dolls

s Revised.

94, 312 -8.3 +9.2
155,521 ! +18. 2 +9.4

6 Cumulative through Oct. 31.

1, 004, 601 1, 127, 575 +12.2
1, 106, 609 1, 240, 886 +12.1







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in order to prevent the depletion of \
to promote conservation of fisherj
ment of commercial fisheries and a|
methods, improvements in merchfl
fishery statistics; administration
seals; and the protection of sponges <

BUREAU OF LIG1
GEORGE R. PUTNAM,
Maintenance of lighthouses and
tion. Establishment and maintenj
along civil airways.
Publication of Light Lists, Buoy
ners, giving information regarding

COAST AND GEODJ
E. LESTER JONES,
Survey of the coasts of the Unit
charts for the navigation of the1
Alaska, the Philippine Islands, Ha
Islands, and the Cana} Zone; int
netic surveys; tide and current obs
investigations.
Publication of results through <
current tables, and Special publicat

BUREAU OF NAl
ARTHUR J. TYRER,
Superintendence of commercial n
Supervision of registering, enrol
etc., of vessels under the United fc
publication of a list of such vessels.
Enforcement of the navigation
laws, including imposition of fees,

STEAMBOAT INSPECT

BUREAU OF STANDARDS

DICKERSON N. HOOVER, Super

GEORGE K. BURGESS, Director
Custody, development, and construction of standards, of
measurement, quality, performance, or practice; comparison
of standards used by scientific or other institutions; determination of ptiysical constants and properties of materials; researches
and tests on materials and processes; and publication of scientific and technical bulletins reporting results of researches and
fundamental technical data.
Preparation of specifications for Government purchases,
through the Federal Specifications Board.
Collection and dissemination of information concerning
building codes and the planning an4 construction of houses.
Establishment o| simplified commercial practices through
cooperation with business organizations in order to reduce the
wastes^ resulting from excessive variety in commodities.

The inspection of merchant ve;
and life-saving equipment, licensing
fication of able seamen and lifeboat!
of violations of steamboat inspectioi| ;|1|)

BUREAU OF MINES
SCOTT TURNER, Director
Technical investigations in the mining, preparation and
utilization of minerals, including the study of mine hazards
and safety methods and of improved methods in the production and use of minerals.
Testing of Government fuels and management of the Qovernment Fuel Yard at Washington.
Research on helium and operation of plants producing it*
Studies in the economics and marketing of minerals and collection of statistics on mineral resources and mine accidents. ^
The dissemination of results of technical and economic
researches in bulletins, technical papers, mineral resources

series, miners' circulars, and miscellaneous publications.


UNITED STATES PA!
THOMAS E. ROBERTSON!
The granting of patents and tfte ;
prints, and labels after technical e:
ceedings.
Maintenance of library with pubtip
copies of foreign and United State9j!|
Recording bills of sale, assignment^{|
and tracje-marks. Furnishing copies
patents.
i
Publication of the Weekly Official
ents and trade-marks issued.

RADIO
W. D. TERRELL

Inspection of radio stations on sh
tions on shore, including broadcastij
operators; assigning station call iet
the International Radiotelegraphic
and settling international radio acco^i