Full text of Survey of Current Business : January 1929
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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 M ' ] ' \ ' ' i ' ' ' \ ) ' ' ' 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 OF THE DEPARTMENT OF COMMERCE of Commerce having the most direct interest to readers of the SUBVBT o* CTTBBENT it may be obtained by addressing the Division of Publications, Department of Commerce, ^$&B may be purchased from the Superintendent of Documents, Government Printing Ift no price is mentioned, the publication is distributed free. BtREAU OF STANDARDS Annual Report of Director of Bureau of Standards to SecreStales. iv+3^9 pages. on of the Com- tary of Commerce for Fiscal Year Ended June 30, 1^28. Miseur, stations and experi- cellaneous Publication No. 88; iv-f-46 palges, 1 chart. Price, 50. Bureau of Standards Journal of Research, Dec., 1928, . The location its .pwjier, its call signal, Pages 867-1057, illustrations, plates. This journal contains the papers formerly issued as the Technologic and Scientific >nautics to Secretary of Papers series, which series have been discontinued. The arti3Q, 1928. iv+46 cles in the journal are known as the Research Papers series and are issued separately after publication in the journal. ?7 pa$es. Issued Single copies, 250; annual subscription, $2.75. Unidirectional Radiobeaeon for Aircraft, by E. Z. £towell* ce Department. ferencee to current radio Research Paper No. 35. 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The reports on mineral resources are first issued in the form of bulletins of which the fbllowing have been released since the December announcement and may be obtained at the price indicated: Coke and By-products in 1926. (Pt. II, pp: 587-675,13 illus.) Pride, 150. Gold, Co ~ " Silver, ~" ~ " '* and Zinc in New Mexico and Texas in 1926. (Ft. I, pp. 711- 2.) Price, 50. Mineral Resources of United States, 1927. The following have been released since the December announcement and may be obtained at 5£ each: Gypsum in 1927. (Pt. II, pp. 113-128.) Salt, Bromine, and Calcium Chloride in 1927^ (Pt. II, pp. ,99-112.) Summarized Data of Copper Production, by C. E. Julihn and Common Metals I)i vision, Economics Branch of Bureau of Mines. Economic Paper 1; viii-f- 32 pages, 15 illus., 1 table, 1 ^map. This publication shows the copper production in different countries of the world since 1800. Price, 3,00. BUREAU OF NAVIGATION Annual Report of Commissioner of Navigation to Secretary of Commerce for Fiscal Year Ended June 30, 19^8, ii-f-12 pages. Price, 50. Seagoing Vessels of United States, 1928. 149 pages, illustratiofis, plates. This volume is a part of the 60th annual list of merchant vessels and contains the names of all merchant and Government vessels and yachts. It shows th6 name of the owhe^, tonnage, home port, official number, and signal letters of each ship. Price, 600. COAST AND GEODETIC SURVEY Annual Report of Director, Unite?d States Coast and Geodetic Survey to Secretary of Commerce for Fiscal Year Ended June 30, 1928., , iv+47 pages, 1 plate, 4 charts, 13 maps. Price, 750. LIGHTHOUSE SERVICE Annual Report of Commissioner of Lighthouses to Secretary of Commerce for Fiscal Year Ended June 30, 192$. ii+46 pages. Price, 50, ' , r PATENT OFFICE Annual Report of Commissioner of Patents to Secretary of Commerce for Fiscal Year Ended June 30, 1928. ii+9 pages. 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HENRY 0'MALLET, 0 I , The propagation and distributipii[|! 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. 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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. 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