Full text of Survey of Current Business : July 1923
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MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS COMPILED BY BUREAU OF THE CENSUS : BUREAU OF FOREIGN AND DOMESTIC COMMERCE No. 23 : BUREAU OF STANDARDS JULY 1923 CONTENTS Pag«. Page. Summary for May Business indicators (diagrams and table) Wholesale price comparisons (diagram and table) Comparison of wholesale price index numbers (diagram) Business conditions in May Employment in basic industries (diagrams) Index numbers of production and marketing Trend of business movements: Summary of business Textiles Metals Fuel and power Paper and printing Rubber and automobiles Glass and optical goods Building and construction Hides and leather Chemicals, naval stores, and oils Foodstuffs 1 2 4 6 7 19 21 23 24 25 27 28 29 29 29 32 33 34 Trend of business movements—Continued. Tobacco Transportation Labor Price index numbers Distribution movement Public finance Banking and finance Foreign exchange and trade Trade and industry of foreign countries Monthly data since 1913 Detailed tables: Cotton Public utilities Miscellaneous World crop production Imports into the United States Exports from the United States Sources of data 37 37 38 38 39 40 40 42 43 45 ,.. 46 48 50 52 54 55 57 SUMMARY FOR MAY. Production of commodities continued at the level attained in March and generally exceeded the ApriJ output. Several important industries, such as pig iron, steel ingots, petroleum, and automobiles, again made new high records. The large production did not have any appreciable effect upon stocks on hand, but unfilled orders and sales again declined. The advance in wholesale prices, which was arrested in April, turned into an unmistakable decline in May. Retail food prices remained unchanged, but the cost of living index advanced over April. Employment continued to increase in May, and wages were reported as higher than in April. 53850—23 1 Distribution through wholesale channels was larger than in April. Retail sales in mail-order houses made a seasonal decline, but chain-store and departmentstore trade was larger than in April. Bank clearings and debits to individual accounts also reflected increased trade. Business failures increased in number, but total liabilities declined. Life insurance sales were less than in April, and security prices declined. The transportation situation shows a surplus of idle cars in place of the previous shortage, while car loadings again made a record for this season of the year. BUSINESS INDICATORS. (1913 monthly average=100. See explanation on inside front cover.) PIG IRON PRODUCTION. 1020 1921 COTTON CONSUMPTION. BITUMINOUS COAL PRODUCTION. 1992 1.000 900 60C 600 B 400 A 100 \ A—f— \ / / \ / v 8 88 s 8 8 INDEX ^V 40 20 10 10 BANK CLEARINGS OUTSIDE NEW YORK CITY (VALUES). EXPORTS (VALUES). NET FREIGHT TON-MILES. 1920 1922 I92S 800 non 600 400 400 X NUMBERS V 1 200 \J ^—> y^_ 100 90 5 eo 60 40 40 20 10 DEFAULTED LIABILITIES (VALUES). D — 600 PRICES OF 25 INDUSTRIAL STOCKS. WHOLESALE PRICES. 1921 1.000, 1922 I«B 900 600 600 • 100 80 60 40 I ri s^ 8 8 *\ rw 300 ^ ^ ^ / f 2Q —s——uu BO 40 30 20 in i BUSINESS INDICATORS. The following table gives comparative index numbers for a selected list of important business movements. It is believed that this table will prove useful, because it separates out from the large mass of material a comparatively small number of items which are often regarded as indicative of business in general. The table has been divided into two parts, the first containing those items for which index numbers can be calculated, using 1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of index numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the absolute value of the two sets of data. In either group, however, the upward or downward trend of the index numbers, compared to previous months, does reflect the present tendency in each item and will give a basis for business judgment. 1922 MONTHLY AVERAGE. 1923 COMMODITY. 1920 1921 ! 1922 Apr. May. ; June, j July, j Aug. Sept. Oct. Nov. j Dec. Jan. Feb. j Mar. Apr. May 1913 monthly average =100. Production: ; Pig iron • Steel ingots ! Copper Anthracite coal Bituminous coal j j Crude petroleum Cotton (consumption) * < I Beef ! Pork j Unfilled orders: Steel Corporation Stocks: Crude petroleum Cotton (mills and warehouses) *«. J Prices: j Wholesale index, all commodities (Dept. Labor) Retail food (Dept. Labor) Retail coal, bitum.—U. S. average (Dept. Labor) Farm crops (Dept. Agriculture)l... Farm live stock (Dept Agriculture). Business finances: Defaulted liabilities Price 25 industrial stocks * Price 25 railroad stocks * Banking: Bank clearings, New York City Bank clearings, outside N. Y. City.. Commercial paper interest rate Distribution: Imports (value) Exports (value) Sales, mail-order houses Transportation: Freight, net ton-miles 119 135 99 97 116 178 111 121 111 54 64 39 99 87 189 85 109 116 87 114 81 58 85 222 102 121 129 81 115 75 90 128 90 40 216 92 106 105 51 224 103 124 133 92 124 93 1 56 220 106 125 149 170 90 96 86 89 95 98 101 113 109 150 152 183 234 161 225 151 235 128 244 103 249 87 250 83 251 138 253 184 252 191 252 193 226 203 147 153 149 142 143 139 148 139 150 141 155 142 155 139 153 140 154 140 156 145 156 147 156 144 157 142 159 142 159 143 156 143 207 238 168 197 109 107 188 113 111 177 115 115 175 118 118 175 119 119 175 118 119 184 114 112 205 110 109 205 110 110 208 118 105 207 123 104 206 126 106 205 ; 203 134 130 106 107 192 139 107 186 140 105 108 184 67 230 136 64 229 169 75 322 163 74 195 166 76 168 166 74 176 170 77 177 178 82 162 184 83 152 191 83 177 182 76 256 187 74 217 190 74 179 | 213 198 199 78 79 227 195 76 181 186 73 257 275 127 205 212 113 230 229 76 238 213 79 244 228 74 255 234 70 233 223 65 215 225 68 219 234 72 249 266 76 220 245 76 240 258 80 251 289 80 213 230 80 251 271 87 228 261 89 244 271 89 294 331 264 140 181 188 174 154 204 145 154 196 169 i 174 169 149 j 162 145 194 | 174 154 188 146 157 200 151 190 185 179 268 195 184 277 196 166 287 221 162 243 203 148 232 266 165 290 244 157 272 248 154 260 137 105 114 90 102 | 106 i 111 125 144 139 i 132 138 | 119 144 i , I 140 94 \ 71 79 117 | 104 112 92 | 98 95 65 2 43 56 103 225 225 219 95 109 103 119 127 131 117 109 101 99 103 135 101 112 113 231 111 141 113 111 136 101 112 114 230 120 134 146 121 131 103 111 117 242 109 124 183 126 153 110 114 126 249 127 125 188 117 138 101 102 106 234 118 107 156 138 160 120 117 117 271 129 117 177 139 156 116 106 107 281 120 119 153 151 167 122 112 116 299 129 117 i 116 114 117 123 125 123 118 6 241 6 243 6 247 •252 142 124 176 156 6 260 103 1919 m o n t h l y average=100. Production: Lumber« 100 Building contracts (floor space) 72 Stocks: Beef 70 Pork 97 Business finances: Bond prices index (40 issues) 86 Banking: Debits to individual accounts, outside New York City 114 Federal Reserve, bills discounted... 132 Federal Reserve, total reserves ! 97 Federal Reserve, ratio 87 85 69 114 102 107 125 126 128 132 130 122 111 129 116 124 95 123 100 124 101 96 83 109 83 99 89 131 139 130 138 135 129 43 85 27 70 27 76 24 83 21 94 20 91 20 81 22 67 28 47 40 50 48 68 48 82 42 92 38 102 33 112 27 109 87 107 107 108 I 108 109 111 112 110 107 107 107 106 91 91 122 122 97 28 144 154 94 30 143 156 92 29 143 155 90 21 146 158 94 22 146 156 105 24 147 155 98 34 146 152 98 24 144 154 93 20 145 158 112 I 1 1 2 96 31 33 31 147 146 144 153 152 144 104 j 103 112 i 107 36 | 33 145 145 153 150 116 38 146 152 * Monthly statistics on the movements since January, 1913, or as far back as availablo, are given on pages 47-49 of the December Survey (No. 16). i Monthly prices are for the 15th of the month indicated. »Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and Michigan hard and soft woods. The total production of these associations in 1919 was equal to 11,190,000,000 board feet, compared with a total lumber production for the country of 34,552,000,000 board feet reported by the census. " Less than 1. * Yearly figures are monthly averages for the crop year ending July 31 of year indicated. * Does not include stocks of topped oil or crude oil held at refineries; this omission reduced the January stocks by about 15,000,000 barrels. COMPARISON OF PRESENT WHOLESALE PRICES WITH PEAK AND PRE-WAR. (Relative prices 1913-100.) INDEX NUMBERS 300 400 500 600 WHEAT CORN POTATOES COTTON COTTON SEED WOOL CATTLE. BEEF HOGS LAMBS WHEAT. SPRING WHEAT. WINTER CORN. NO. 2 OATS BARLEY RYE. NO. 2 TOBACCO.BURLEY COTTON. M I D D L I N G WOOL. OHIO. UNWASHED CATTLE. STEERS HOGS. HEAVY SHEEP. EWES SHEEP. LAMBS FLOUR. SPRING FLOUR. W I N T E R SUGAR. RAW SUGAR. GRANULATED COTTONSEED OIL BEEF. CARCASS BEEF. STEER. ROUNDS PORK. LOINS COTTON YARN COTTON. PRINT CLOTH COTTON. SHEETING WORSTED YARN WOMEN'S DRESS GOODS SUITINGS SILK. RAW HIDES. PACKERS HIDES. CALFSKINS LEATHER.SOLE LEATHER. CHROME BOOTS AND SHOES (BOSTON) COAL. BITUMINOUS COAL. ANTHRACITE COKE PETROLEUM PIG IRON. FOUNDRY PIG IRON. BASIC STEEL BILLETS. BESSEMER COPPER LEAD • E Z Z 3 PEAK PRICE PRICE IN MAY 1923 TIN ZINC LUMBER. PINE. SOUTHERN LUMBER. DOUGLAS FIR BRICK. COMMON. NEW YORK BRICK. COMMON. CHICAGO! CEMENT STEEL BEAMS V RUBBER. CRUDE SULPHURIC ACID • DECEMBER WHOLESALE PRICE COMPARISONS—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS. NOTE—Prices to the producer on farm products are from U. S. Department of Agriculture, Bureau of Agricultural Economies. All other prices are from V. S. Department of Labor, Bureau of Labor Statistics, except market price of wool compiled by U. S. Department of Commerce, Bureau of the Census. As far as possible all quotalions represent prices to the producer or at the mill. See diagram on opposite page. COMMODITIES. Date and m a x i m u m relative price. March, 1923. April, 1923. May, 1923. Relative price. ; crease (—) in April from May. (1913 average-100.) F a r m products—Average price to p r o d u c e r s : Wheat Corn Potatoes , Cotton Cottonseed Wool Cattle,beef Hogs Lambs F a r m products—Market price: Wheat, No. 1, northern, spring (Chicago) Wheat, No. 2, red, winter (Chicago) Corn, contract grades, No. 2, cash (Chicago) Oats, contract grades, cash (Chicago) Barley, fair to good, malting (Chicago) Rye, No. 2, cash (Chicago) Tobacco, burley, good leaf, dark red (Louisville) Cotton, middling upland (New York) Wool, unwashed, fine (Ohio). Cattle, steers, good to choice, corn fed (Chicago) Hogs, heavy (Chicago) Sheep, ewes (Chicago) Sheep, lambs (Chicago) Food: , Flour, standard patents (Minneapolis) Flour, winter straights (Kansas City) I Sugar, 96° centrifugal (New York) Sugar, granulated, in barrels (New York) j Cottonseed oil, prime summer yellow (New York) ' Beef, fresh carcass good native steers (Chicago) ! Beef, fresh steer rounds No. 2 (Chicago) i Pork, loins, fresh (Chicago) Clothing: Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) Cotton, print cloth, 27 inches, 64 x 60-7.60 yards to pound (Boston) l Cotton, sheeting, brown, 4/4 Ware Shoals L. L. (New York) Worsted yarns: 2/32's crossbred stock, white, in skein (Boston) Women's dress goods, storm serge, all-wool, double warp, 50 inches (New York) Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (New York) ; Silk, raw Japanese, Kansai No. 1 (New York) Hides, green salted, packer's, heavy native steers (Chicago) Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) Boots and shoes, men's black calf, blucher (Massachusetts) Boots and shoes, men's dress welt tan calf (St. Louis) j Fuels: j Coal, bituminous, Pittsburgh, mine run—Kanawha (Cincinnati) Coal, anthracite, chestnut (New York tidewater) | Coke, Connellsville (range of prompt and future) furnace—at ovens Petroleum, crude, Kansas-Oklahoma—at wells Metals: i Pig iron, foundry No. 2, northern (Pittsburgh) Pig iron, basic, valley furnace Steel billets, Bessemer (Pittsburgh) Copper ingots, electrolytic, early delivery (New York) Lead, pig, desilvered, for early delivery (New York) Tin, pig, for early delivery (New York) Zinc, slab, western, early delivery (New York) Building materials and miscellaneous: Lumber, pine, southern, yellow flooring, 1 x 4, " B " and better (Hattiesburg district) Lumber, Douglas fir, No. 1, common, s 1 s, 1 x 8 x 10 (State of Washington) Brick, common red, domestic building (New York) Brick, common building, salmon, run of kiln (Chicago) Cement, Portland, net without bags to trade, f. o. b. plant (Chicago district) Steel beams, mill (Pittsburgh) Rubber, Para Island, fine (New York) Sulphuric acid, 66* (New York) • June, 1920 326 133 135 135 July, 1920 300 120 123 138 June, July, May, July, May, July, Apr., 1920 1920 1920 1918 1919 1919 1920 706 312 321 344 183 256 239 May, 1920 May, 1920 Sept., 1917 ; June, 1920 Mar., 1918 Mar., 1918 Mar., 1919 Apr., 1920 Mar., 1920 Mar., 1919 July, 1919 Apr., 1918 Feb., 1920 354 302 331 296 325 451 352 331 350 218 266 319 263 May, May, May, May, July, Sept., July, Sept., 328 363 598 526 374 201 211 254 1920 1917 1920 1920 1919 1920 1920 1919 May, 1920 Apr., 1920 May, 1920 Jan., 1920 Oct., 1918 July, 1920 , Jan., 1920 i Aug. 1919 | Aug., 1919 Mar., 1920 Aug., 1919 348 478 427 289 292 291 466 283 490 308 292 Sept., 1922 Oct., 1921 Aug., 1920 Mar., 1920 I Percent I increase -j (+)orde- 107 123 128 231 237 213 207 213 214 211 223 250 98 94 95 102 100 95 178 180 180 136 133 131 138 134 131 118 118 130 122 123 120 107 106 108 136 130 122 208 208 208 226 240 216 236 232 236 110 109 112 94 98 89 143 153 132 188 183 169 146 145 147 145 146 148 176 208 227 171 201 220 150 163 162 114 112 112 105 111 112 105 100 130 2.9 3.0 5.9 4.9 1.8 6.4 0.0 4.0 2.9 4.4 2.2 2.4 3.2 0.9 9.0 0.0 4.4 1.7 5.7 6.3 18.0 0.6 3.3 0.7 1.8 2.3 0.0 0.0 0.9 26.2 198 203 190 232 238 212 206 208 202 225 225 232 176 184 184 227 227 239 241 237 232 108 105 101 88 88 90 210 209 209 153 153 153 336 201 637 375 222 222 200 292 300 185 198 200 200 211 163 - 200 - 9.1 0.0 18.5 16.4 July, 1917 Sept., 1920 July, 1917 Mar., 1917 June, 1917 May, 1918 June, 1915 346 330 388 230 261 224 386 183 202 200 179 205 197 154 172 173 98 108 99 185 193 168 94 109 95 130 141 121 - 2.4 6.6 1.1 8.3 10.6 7.8 9.0 Feb., 1920 Jan., 1920 Feb., 1920 Oct., 1920 Sept., 1920 June, 1917 Jan., 1913 Feb., 1916 455 407 381 251 195 331 124 250 221 230 224 - 212 236 236 305 305 305 175 178 178 173 173 173 139 146 172 38 36 31 70 70 75 3.4 0.0 0.0 0.0 0.0 0.0 8.8 5.6 + + + 4- 5.0 7.4 3.8 3.1 0.0 5.3 9.1 1.0 2.3 0.0 0.0 COMPARISONS WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS WITH INDEX OF ALL COMMODITIES AT WHOLESALE. (U. S. Department of Labor index numbers. Relative prices 1913=»100.) 1918 1917 1918 1919 4A0 840 V " i 220 y y - a / / \ 180 —1 Ui I \ I no X UI - ~ - J / - i T / \ i > ,' 160 °° 1/ I - 1 160 II 140 \ / / / / 1 1 1 '' / - * 130 / i - * y / - 1913 ER AG E 100 - / / /- \\\ / \\ * / * \ / • s -- - - y 90 y / 120 110 _.- \\ \\ / ( H •il I / I \ \ % i\ '- * 1 1 t / \ / S \ N i' / 1 1 n 190 \ 1 $ 1 x— \ oi \ 1 \ 200 I f 1 1 i - i / \ 1923 ;r r 2IQ z II" /!/• • • n- I\ 230 I 1922 1920 - V _ - - BUSINESS CONDITIONS IN MAY. The following pages contain a review by principal industries of the more important statistics shown in the table on the "Trend of Business Movements" (page 23). Summaries of production, stocks, sales and price changes are given also. COURSE OF PRODUCTION SINCE RELATIVE PRODUCTION (1919=100). 1923 1922 Maxi- Minimum 1920 ; 1921 j 1922 since end end aver- aver-1 average. I age. I age. Apr. May. Apr. |May. of of 1919. I 1919. PRODUCTION. May production in general exceeded April. The index number of mineral production based on 1919 as 100 rose to over 140, a mark not exceeded since the end of the war. Animal products came to market at a greater rate than in May, 1922, with a seasonal increase over April, while crops were marketed in smaller quantities than a year ago. Manufacturing production in May increased over April and was slightly higher than the March record. Taking up the individual commodities, there were 40 increases over April, and 11 decreases in production. New high records were made in the output of crude petroleum, pig iron, steel ingots, cement, passenger automobiles, and motor trucks, while high marks since 1919 were made by silver, redwood lumber, oak flooring, mechanical wood pulp and newsprint and book paper, and copper production was the highest since the present monthly statistics became available in 1921. Compared with a year ago, May production figures showed 42 increases and 9 decreases among the commodities reported on a 1919 base. RELATION OF PRODUCTION, STOCKS, AND UNFILLED ORDERS. (Relative monthly average 1920= 100.) 1922 Feb. 1923 Mar. Apr. May. 1 Feb. Mar. Apr. May. 1 1 Stocks 117.8 116 7 109.0 98.7 102 8 102. 5i 95.7 94.0 88.1 99.9 100.8 114.2 109.3 116.9 Production (manufactured)... 81.8 93. Unfilled orders 41.1 47. 2° 57.6 63.0 93.2 100.5 94. «j 87.4 COMBINED PRODUCTION I N D E X N U M B E R S . 1 Manufacturing (total).. 126., 7 Manufacturing (62 identical commodities)... 122.7 Raw materials, t o t a l . . . 153.4 Minerals 131.7 Animal p r o d u c t s . . . 119,6 Crops 194,6 Forestry ; 127,9 1 81.2| ! 74.0:1 100. 80.9 72.9 98.5 102.8 62.5 113.9 93.3j 79.7 95.4 97.5 49.1; 93.9 112.1 60.61 • 101.6 85.5 102.2 97.8 108.0 99.0; 106.3: 112.6: 109.9i Apr. May. 1923. 1923. 92.7 106.8j 123. lj 132.2 88.6 100.5 110.0\ 117.6 74.1 95.5 90.5| 97.1 62.5 72.7! 121.1 140.8 106.9 119.6! 111.4 127.3 54.5 86.31 61.0i 55.0 101.7 122. l! 120.4 133.0 For details of individual commodities, see pages 21 and 22. | Wheat flour Beef products Pork products Lamb and mutton Sugar (meltings) Oleomargarine Cottonseed oil Condensed milk Butter Cheese Icecream Cora products j 125 109 152 110 178 126 i j 203 I 121 201 | 169 ! 468 i 135 CLOTHING: Cotton (consumption) I 130 S l leather Sole l t h | 95 1 Boots and shoes 113 82 64 67 58 58 40 26 4 20 64 41 41 38 94 92 107 79 130 51 71 66 129 85 115 103 71 80 88 67 164 47 22 69 116 74 92 78 73 95 111 76 178 44 12 94 178 109 161 87 81 90 127 86 150 62 37 103 ! 79 95 82 ! 80 ' 78 i 98 92 72 97 103 70 95 120 90 115; 92 93 80 104 103 91 76 99 86 111 93 57 63 1 186 J 91 83 97 94 92 60 99 71 121 86 110 90 Anthracite coal Bituminous coal Beehive coke By-product coke Crude petroleum Gasoline Kerosene Gas and fuel Lubricating oil Electric power 121 137 127 3 155 197 191 116 154 I 135 1 145 () 41 11 3 62 112 98 71 93 89 101 122 110 122 117 123 99 146 124 113 103 91 30 79 124 130 83 127 104 105 I I 42 I 113 146 I 157 I 98 ! 140 I 116 122 41 33 106 142 143 97 125 103 111 53 27 121 147 156 89 147 113 118 119 121 94 105 100 54 57 37 47 95 113 99 77 81 98 121 81 103 72 67 88 101 91 115 86 72 90 115 110 I 110 112 153 I 184 ; 188 ; 93: 154 ' 129 j 138 I 139 141 110 123 i 140 I 91 112 84 94 96 97 85 96 ! 101 78 91 99 97 104 101 90 106 j 125 96 i 103 99 115 104 67 ! 105 95 88 I 153 158 126 141 155 113 154 153 METALS: Pig iron Steel ingots Copper Zinc Silver Gold (receipts) 152 34 | 150 33 ! I s 116 3 17 127 38 ! .*.. 145 80 ! j 181 79 TOBACCO: ' Cigars« 128 j 75 Cigarettes« | 144 64 Manufactured tobacco^ 119 I 50 LUMBER: Yellow pine Western pine ! North Caroline pine... California white and sugar pine California redwood — ' Douglas fir I Michigan hardwoods.. \ Michigan softwoods... Northern hardwoods.. | Hemlock i Oak flooring ! Maple flooring j 131 172 180 20 33 94 121 98 272 187 144 122 120 161 120 343 139 8 57 44 27 28 21 33 42 47 121 122 102 89 82 105 91 106 103 78 109 79 60 1 40 114 129 135 113 117 fi2 63 79 6S 90 81 57 82 78 197 123 226 83 1 114 94 126 174 124 69 87 95 90 217 100 100 131 144 62 49 140 82 304 114 156 138 121 135 128 150 135 123 55 64 69 93 64 77 65 53 109 117 110 105 121 120 119 113 87 102 79 102 89 105 104 : 120 79 107 94 120 111 105 138 102 113 123 108 124 109 105 128 109 ! 102 i 138 i 123 ; 136 ! Ill 113 156 142 30 18 104 104 130 133 187 3 193 124 Baths, enamel 267 Lavatories, enamel... 235 Sinks, enamel 214 Buildings (contracted for) 130 PAPER: Mechanical wood pulp ! Chemical wood p u l p . . Newsprint i Newspapers (printed). 1 Book paper Wrapping paper Paper board Fine paper Corrugated p a p e r boxes* Solid fiber paper boxes5 BUILDING EQUIPMENT: 146 63 IS 97 I... FUELS: Silica brick Clay fire brick Face brick Cement Glass bottles jMaxi- Mini- | miiTH mum 1920 1921 1922 since since aver- aver-! aver! end end of age. age. ; age. 1919. 1919. i FOODSTUFFS: STONE, CLAY, AND SAND PRODUCTS: (Relative monthly production 1919=100.) 1919. 122 93 98 124 92 106 101 117 119 115 159 197 152 150 116 124 145 112 126 170 129 1S7 81 343 120 156 114 121 131 12S 14S 123 123 65 117 109 109 i 113 156 ; 148 109 87 ; 111 ! 101 13 43 34 361 48 106 37 120 63 117 105 125 122 104 I 69 79 92 144 142 77 144 138 79 87 92 1S7 167 82 99 127 150 170 90 119 133 167 193 89 65 149 ! 120 112 127 1 1 0 I 122 209 195 172 226 222 181 237 235 210 241 200 186 254 226 193 72 69 102 125 128 138 129 114 «32 102 9 ; 89 67 2 93 46 50 30 141 77 143 85 9 10 168 90 31 6 30 TRANSPORT VEHICLES: Automobiles, passenger Motortrucks Locomotives Ships 254 162 135 79 1 Since November, 1921. « Less than 1. » Since Jan. 1,1921. ! I i ! 249 254 142 162 97 107 4 11 4 A s represented b y tax-paid withdrawals. * Relative to last 6 months of 1919. • Since July 1,1923. 8 nent, there were 4 increases and 11 decreases, while the other commodities showed 15 increases over April and 10 decreases. Stocks of coffee declined to a new low level since 1919, while petroleum stocks again made a new high record, as did gasoline stocks for April, the latest figure reported. Compared with a year ago, the food commodities show 8 increases and 7 decreases, while other stocks made increases in 8 cases and declined in 17 instances. COMPARISON OP MAY PRODUCTION WITH P R E - (Average monthly production 1913=100.) INDEX NUMBERS 300 400 WHEAT FLOUR BEEF PRODUCTS PORK PRODUCTS LAMB AND MUTTON OLEOMARGARINE STOCKS OF COMMODITIES SINCE 1919. ANTHRACITE COAL (Taken at end of each month.) BITUMINOUS COAL BEEHIVE COKE RELATIVE STOCKS (1919=100). BY-PRODUCT COKE s. CRUDE PETROLEUM PIG IRON STEEL-INGOT8 ^^ 1922 1923 Maxi-i Mini- 1920 1921 1922 mum | mum aver- aver- aversince I since age. age. 1919. ! 1919. Apr. May Apr. May I i COPPER FOODSTUFFS. ZINC Beef products Pork products Lamb and mutton Sugar (raw) Cottonseed oil Wheat (visible) Wheat flour Corn (visible) Oats (visible) Butter Cheese Eggs Poultry Fish2 Coffee Apples Rice (domestic) SILVER GOLD CIGARS <Q MATERIALS AND EQU OAK FLOORING CEMENT BATHS < ENAMEL) i \ I j j '• ! i ! 1, 20 38 ( 25 j 44 I 8! 28 54 108 16 5I 28 0) ! 30 I 17 71 0; 50 ! | i | 70 97 183 1.10 110 89 95 174 69 43 85 324 157 107 93 76 622 211 81 99 I 79 82 | 101 70 72 73 ! 72 146 145 181 166 159 159 27 27 70 76 41 25 332 437 33 59 123 120 77 60 769 1,147 210 250 79 6 80 28 114 125 76 82 28 57 89 98 54 172 154 165 24 83 27 285 25 92 58 905 215 20 40 197 58 28 99 18 120 33 112 69 343 39 161 79 711 98 5 36 91 112 17 89 62 194 76 27 109 54 331 29 103 "250 61 15 45 193 86 20 71 16 CLOTHING MATERIALS. ! yyyy/,?™y/yy/. SINKS(ENAMEL) | r Cotton (total) yAyy,wywy%v%y/ FUELS. LOCOMOTIVES Crude petroleum Gasoline Kerosene Gas and fuel oil Lubricating oil 136 : 51 91 111 102 92 82 101 104 61 98 85 i 126 75 89 81 85 145 134 134 151 143 223 168 100 172 143 214 189 108 167 147 225 181 106 172 140 66 ! 248 283 I j 153 j ! 178! 162 j 241 248 283 281 91 " 91 165 162 145 ! 140 STOCKS. There was little change in stocks of commodities in May except seasonal variations. Among the food commodities, where the seasonal factor is most promi(Taken at the end of each month.) RELATIVE STOCKS (1913=100). Wheat (visible) Corn (visible) Oats (visible) Coffee Cotton (total) Crude petroleum Pig iron (merchant) 1 ... Zinc Tin Oak flooring Cement 2 Tobacco Flaxseed » Relative to 1914, 127 71 89 89 150 109 38 99 183 258 j 80 j 114 | 33 i 134 i 256 : 270 89 183 ! 152 ! 84 ; 196 i 127 375 : 91 131; 74 177 315 268 60 161 234 48 89 134 256 87 130 10 1922 173 470 327 55 151 225 59 127 1923 May. Apr. j I ; i ! | 148 I 296 ! 129 3 145 132 371 275 55 128 235 44 99 104 261 115 2 Relative to stocks at end of 1913. Apr. 231 291 126 55 124 252 35 22 194 264 102 3 150 1 3 Apr. 1. 146 I 31 132 ! 69 ! 55 i 71 60 24 108 ] 213 i 138 108 ! 24 I 35 247 528 i 122 332 j 232 i 224 ! 269 189 I 352 309 CONSTRUCTION MATERIALS. Yellow pine Michigan hardwoods.. Michigan softwoods... Oak flooring Maple flooring Silica brick Face brick Cement^ Baths (enamel) Lavatories (enamel). . Sinks (enamel) Rosin « Turpentine * STOCKS OF COMMODITIES COMPARED WITH P R E - W A R . 1922 1920 1921 aver- ! averaverage, i age. Pig iron (merchant) Zinc Tin 3 127 72 105 161 103 103 157 170 50 31 53 104 ! | j i ! | ! j 129 98 141 234 199 100 182 193 179 I 78 ! 89 157 149 126 74 98 159 180 92 178 185 98 55 73 151 80 124 76 94 184 217 87 199 275 143 75 107 127 36 119 113 I 108 77 i 59 i 61 92 ; 81 I 7S 165 I 186 163 196 ! 123 124 101 i 101 91 192 179 188 245 218 192 78 81 113 28 36 56 38 40 82 105 101 126 49 i 59 15 95 121 112 114 104 99 104 118 125 128 97 58 119 103 92 104 ! 79 125 , 117 130 79 121 96 100 PAPER. May. 148 102 78 55 103 260 45 32 170 298 90 102 59 80 59 55 81 123 79 29 21 34 1 8 3 •• 41 215 I 13 143 108 152 277 222 115 216 I 276 li 301 95 122' |! Mechanical wood pulp.. Chemical wood pulp Newsprint (at mills) Book paper Wrapping paper Paper board Fine paper OTHER AGRICULTURAL PRODUCTS. Tobacco (total) Flaxseed 1 2 143 ' 138 175 i 131 lj 130 132 ! 112 39 64 71 66 36 70 74 78 63 97 75 48 79 79 : 108 99 i 125 : 115 101 , 117 101 82 92 87 128 80 103 111 ! 134 • 92 102 I 117 116 ^ 129 10 i 550 ; 1,242 167 ! 127 1,578 83 5 134 10 Index number less than 1. * Relative to season beginning Apr. 1,1919. On 15th of month. & April 1. « Relative to stocks at end of 1919. SALES. PRICES. A further decline was noted in sales during May, A further advance in crop prices to farmers was with redwood lumber alone among the manufacturers * reported in May, but live-stock prices declined. goods showing an increase among the indicators on a Wholesale prices made the first decline since last 1919 base. Sales by manufacturers also declined summer. All groups in the wholesale index declined from May, 1922, in all cases except clay fire brick and except food and house furnishings, which were unoptical goods. changed from April; while fuels made the greatest The distribution of goods through retail trade decrease. The regrouping by the Federal Reserve showed a decline for mail-order houses, but chain- Board of the Department of Labor index shows a store sales increased, and both classes of stores showed decline in all classes, while the index for international a considerable gain over the corresponding month comparison declined also. Dun's and Bradstreet's last year. Postal receipts and newspaper advertising index numbers both declined. increased in May, while magazine advertising declined. The retail food index remained unchanged, while the All of these services made increases over May, 1922. cost of living index of the National Industrial ConSales of stocks and bonds increased in May, while ference Board increased owing to advances in clothing life insurance sales declined slightly. On the other and shelter. Foreign wholesale prices in general hand, in comparison with May, 1922, sales of stocks declined slightly. and bonds declined, while life insurance sales were Taking up the individual prices shown in the table higher. and chart on pages 4 and 5, increases are noted in the The index of unfilled orders again declined, standing prices to farmers for corn, wool, and lambs. Other farm at 87.4 on May 31 based on the 1920 average as 100, prices declined, except that for cattle, which was unas against the recent high mark of 100.5. changed. Market prices of farm products increased for corn, barley, wool, cattle, and lambs; while wheat, COMPARISON OF SALES IN DIFFERENT LINES OF BUSINESS. oats, rye, hogs, and ewes declined. Among the foods, flour declined, and meats and sugar rose. Among the RELATIVE SALES (1919=100). clothing materials declines were general except for 1922 1928 increases in worsted yarns, suitings, and calfskins, Maxi- Minimum 1920 1921 1922 while boots and shoes were unchanged. All fuels aversince since average. end of end of age. May. Apr. Apr. I May. except anthracite declined in price, and declines were 1919. 1919. general throughout the metals group. Building INDIVIDUAL materials showed little change except for a lower COMMODITIES. quotation on southern pine lumber. The greatest Pig iron (merchant) 351 186 97 91 52 14 34 85 30 333 Freight cars 2,125 8 92 I 750 1,575 913 490 110 increases over April were made by pork, with 26 per 182 169 169 121 104 69 134 Structural steel 199 28 154 215 144 107 53 59 129 Baths, enamel 215 12 cent, and wool suitings, sulphuric acid, cattle, and the 188 262 186 133 73 77 156 Lavatories, enamel 262 27 160 222 151 118 65 73 139 Sinks, enamel \ 222 25 farm price of wool, all of which increased slightly 34 43 125 Sanitary pottery 205 7 81 95 54 119 201 Oak flooring 336 254 260 215 192 23 more than 5 per cent. The greatest declines occurred 36 63 Maple flooring 135 84 98 130 17 77 57 77 74 120 Redwood lumber 167 106 158 109 139 21 in coke, petroleum, ewes, and lead—all over 10 per 120 45 j 95 Clay fire brick j 193 33 89 ' 99 130 103 98 42 I Leather belting I 129 35 53 70 55 cent. Abrasive paper and j cloth Fine cotton goods Paper. 1 Printing Optical goods » DISTRIBUTION MOVEMENT. 151 j 129 i 147 ! 168 ! 147 40 5 71 106 47 65 105 81 i 81 89 121 121 119 73 91 104 61 106 111 99 102 118 87 71 124 95 77 141 113 123 120 113 147 106 109 122 108 78 164 48 41 87 152 *H9 74 135 73 \ 103 130 1 143 98 155 124 163 111 121 163 102 122 ! 133 163 ! 178 113 ; 116 135 110 91 113 85 97 87 ! 108 130 122 114 78 103 108 97 117 87 j 120 116 ! 130 72 105 100 120 55 94 184 102 83 111 163 114 117 145 230 119 Ill 122 I i j Wholesalers 2 Mail-order houses' Chain stores 1 Postal receipts l Telephone receipts 1 Telegraph tolls 1 Railroad revenues: Passenger * Freight^ Advertising: Magazine Newspaper. 114 | 136 : 280 95 114 159 180 126 135 162 144 130 SECURITIES. Stocks Bonds Municipal bonds (new)1. Life insurance 1 1 111 26 127 148 114 117 178 489 156 85 V Items based on value. - Relative proportion of orders to total transactions. 53850—23 2 121 111 131 87 86 156 151 TEXTILES. Wool receipts at Boston were slightly less in May than in April, although domestic wools were received in larger quantities. Wool receipts were much greater than a year ago owing to the large receipts of foreign wool, as domestic grades showed a decline. Wool consumption increased to 59,682,000 pounds. Machinery activity in the woolen industry declined, except looms, which were more active than in April. Prices of woolens advanced slightly, except dress goods, which were unchanged. Cotton consumption of 620,965 bales in May almost equaled the March high record. Stocks at mills were slightly higher at the end of May than a year ago, but warehouse stocks were almost 1,000,000 bales smaller. Imports of cotton declined in May, and exports were the smallest since August, 1920. Exports of cotton COMPARISON OF WHOLESALE PRICES BY GROUPS. (•'. S. Department of Labor index numbers. Relative prices 1913=100.) 1916 J M M J 1918 1917 S N J M M J S N J M M J 1919 S N J M M J S 1920 N J M M J 1922 1921 S N J M M J S N J M M 1923 J S N j M «3*U 300 280 260 240 1 1 I 220 1 ////\\\ /// \\ \\ \ \ m i T/e r \ § \ § / / 120 fr i / y A ^ \ J/ J /# y '// . \ / / A \\\ //' / \ J J i INDEX NUMBER i / / > \ i s <* / 1 \ 200 \ .CT/ \ / I Qi 1 i \ \ \~ / J I 1 V\ i i \ , i \ 60 40 20 o \ / f ' h \\ 4\^\ -'4 \N \ %k 1 / / \., / ^ —V 1 •• • — / N / \ AV ER/ GE \ / 1 / 191: 80 \ \ i / 100 1 1 \ \ \ /// / / / / s / / M 11 cloth also declined. Production of fine cotton goods in the New Bedford district almost attained the high record made in March, but sales again declined. Slightly less spindles were active in May than in April, but spindle activity, both total and per spindle, was greater. Prices of cotton and its products declined from May. STOCKS OF COTTON: NUMBER OF DAY'S SUPPLY AT DAILY RATE OF CONSUMPTION. 400 350 / EXPORTS AND CONSUMPTION OP COTTON. / 300 I.OOO _J 0 Q. Z) \ 250 > \ > Q LL o 200 \ / CC Ul CO \ D r \ 5 \ 150 \ \ 100 1923 COTTON CONSUMPTION IN NORTHERN AND SOUTHERN MILLS. 400 50 r / - V^ A 300 Hosiery statistics for March and April compiled by the Bureau of the Census for 313 identical firms representing 389 mills are as follows: A HOSIERY. V y » 200 ! V A •% QUANTITY (DOZEN PAIRS). /V V Total. Men's. Production: All cotton 2,561,996 1,105,440 260,630 All nat. silk..... 944,141 AH others 1,103,448 1 379,162 Total I Comparative figures compiled by the Bureau of the Census show the number of garments cut for men's and boys' ready-to-wear clothing in February, March, and April, as reported by 335 identical establishments: MEN'S AND BOYS' CLOTHING. NUMBER OF GARMENTS CUT. KIND. February. March. Men's suits, wholly or partly or wool Men's suits, wholly or partly of mohair, cotton, silk, linen, etc , Vlen's separate trousers, wholly or partly of wool Men's separate trousers, wholly or partly of mohair, cotton silk, linen etc Men's overcoats . Boys' suits and separate uants (all grades) Boys' overcoats and reefers (all grades) April. March. Total. Men's. 665,831 675,558 615,643 2,346,313 924,820 996,914 1,008,919 249,093 362,014 o93,S06 658,150 527,025 Women's. 4,26S,047 \ 1,620,026 1,77*,9S1 4,697.630 11,718,421 1.993,323 4,154,745 1,470,526 6,278,871 ! 2,070,7*3 2,791.999 6,25o, 129 ! 2,179,550 4, .560,757 11,648,935 2,014,371 4,114,394 1,393,656 50,591 182,973 264,570 57,113 171,3S6 1,780,674 2,820,259 l,96o,120 S7',60l 10,902,679 4,638,378 4,412,150 4,619,585 1,745,232 1,957,032 10,729,516 4,382,017 4,015,615 The first report published by the Bureau of the Census on shipments and unfilled orders of pyroxylin coated textiles is given below, covering 12 manufacturers with a capacity of 2,174,333 yards. PYROXYLIN COATED TEXTILES. April. 871,130 963,400 ; 703,756 148,616 802,264 158,231 I 131,840 874,777 1 730,321 1 498,450 460.440 155,417 195,381 649,795 744,650 33,S47 12,294 460,S37 119,323 635,0X7 17,733 Shipments Stocks, end of mo. Orders Cancellations Unfilled orders, end of mouth... Women's. Pyroxylin spread Shipments filled: Light goods Heavy goods Unfilled orders, 1st of month: Light goods Heavy goods March. April. pounds.. 3,055,319 I 3,002,415 linear yards.. linear yards.. 797,132 i 1,926,700 j 838,135 1,743,598 linear yards.. linear yards.. 1,159,843 ! 3,003,568 ! 865,501 2,216,755 12 Silk imports increased in May, but apparent consumption declined over 35 per cent. Stocks of raw silk increased slightly, and the price declined almost 10 per cent. Imports of burlap increased 10 per cent over April, but unmanufactured fibers were imported in slightly less volume. IRON AND STEEL. Further increases occurred in the output of both pig iron and steel ingots in May, both indicators making new high records. In the merchant pig iron field, production and stocks increased considerably, shipments were about the same, but sales declined over 40 per cent, and unfilled orders were 24 per cent lower than in April. Bookings of steel castings declined slightly in May. Exports of iron and steel increased slightly, imports declined somewhat, and unfilled orders of the United States Steel Corporation again fell off. Prices of iron and steel were slightly lower, on the whole. PRODUCTION OF PIG IRON AND STEEL INGOTS AND U. S. STEEL CORPORATION'S UNFILLED ORDERS. BOOKINGS OF FABRICATED STRUCTURAL STEEL. Actual tonnage booked. YEAR AND MONTH. 1922. April May June July August September.. October November., December.. 1923. January.. February. March April May 1 2 , Per cent of capacity. Computed total bookings. 200,588 184,638 168,498 157,631 156,011 146,146 132,450 111,794 138,024 217,500 202,500 182,500 172,500 170,000 160,000 145,000 122,500 150,000 172,415 183,938 218,997 1184,884 2 130,929 187,500 200,000 237,500 202,500 145,000 Reported by 166 firms with a capacity of 228,455 tons. Reported by 157 firms with a capacity of 225,790 tons. Shipments of locomotives by manufacturers increased slightly in May in spite of a decline in foreign shipments. Unfilled orders, on the other hand, declined, although foreign business increased. Orders for freight cars were considerably less than for several months past. Sales of stokers increased in May, but the value of steel furniture shipments declined. Tubular plumbing sales declined about 35 per cent from April. LOCOMOTIVE SHIPMENTS AND U N F I L L E D <3RDERS 2 2.600 4 500 \ 10 % •2.250 Q450 Q Q \ **> < z ' a. J $ 4 CD | y e n 350 D Z i 1 1 i 2 1 / i NFI j / 1 i Q. O Q 3 2.000 £400 / ft p 1 500 300 \\ 1 1 0 1 250 1920 1921 260 r>i 1 1 1 1 \I 1923 Production of steel sheets by independent steel companies increased, and shipments were larger than production. Sales were about 32 per cent larger than in April, but unfilled orders declined. Stocks increased slightly, but unsold stocks declined. Sales of fabricated structural steel declined to 58 per cent of capacity in May. The following figures compiled by the Bureau of the Census show the total tonnage booked each month by 175 firms with a monthly capacity of 229,575 tons, and total sales computed to a capacity of 250,000 tons per month at the rate of sales to capacity of the reporting firms. 1 1 u 1 1 750 \ V ft 1V D \ \ \ \ 250 60 0 0 /I // ' .< / v- Y / \*\ r rNI // \\ \ 1 ' K \t 1 > 1920 / / iA/ 1 \ 1 1 1 Jv 1 1 1 / *c j\1 200 A \ 1/ i 1921 1922 O » < I 1923 13 NONFERROUS METALS. Copper production for May rose to 124,785,000 pounds, the highest mark recorded since 1920. Exports of copper declined slightly, and the price of copper was reduced. Zinc production made a slight increase in May, and stocks rose 45 per cent. Receipts at St. Louis declined, but shipments increased. The price of slab zinc declined. Tin stocks declined slightly, with a reduction of 33 per cent in imports. The world visible supply was about the same as in April, but apparent domestic consumption decreased. Receipts and shipments of lead at St. Louis declined from April and were only about half as large as in May, 1922. The price of lead declined over 10 per cent. FUELS. Production of coal and coke increased in May. The bituminous output at 46,076,000 short tons may be compared with 42,564,000 short tons produced in April, and the cumulative total for the first five months of the year was 38 per cent greater than the corresponding total for 1922. Stocks of anthracite coal on May 31 amounted to 568,000 long tons as against 1,930,000 at the end of May a year ago. Exports of coal increased in May, while coke exports declined. A total of 6,752,000 long tons of bituminous coal were exported during the first five months of the year as against 3,700,000 long tons during the same period of last year. Anthracite exports during this period were over 100 per cent greater than during the first five months of 1922. With the exception of anthracite coal at New York, the wholesale prices of coal and coke declined in May. PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE. 1 1 i O25 i \ D O I I- ; 1 i $* 1 I V i i \ I / A w v V ry \ i i I 1921 The production of petroleum continued to increase, the output in May amounting to 61,962,000 barrels. Stocks likewise continued to increase, reaching a total of 273,157,000 barrels. The price of crude petroleum declined rather sharply, and more oil wells were completed in May than in the preceding month. PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL. 14 Gasoline production in April, according to latest available figures, amounted to 619,043,000 gallons, as against 472,920,000 gallons in April, 1922. Stocks of gasoline continued to accumulate, and at 1,336,418,000 gallons the inventory on April 30 may be compared with a total of 892,568,000 gallons at the end of April last year. Consumption of gasoline during the month totaled 474,188,000 gallons as against 385,264,000 in April, 1922. Production figures for kerosene, lubricating oil, and gas and fuel oil were considerably larger than in April, 1922, while, with the exception of lubricating oil, stocks at the end of the month were smaller than those held on April 30 a year ago. tions on passenger automobiles increased 95 per cent in 1923 over the first five months of last year. BUTTONS. Reports furnished to the Department of Commerce by the National Association of Button Manufacturers show the following weekly comparisons regarding stocks of finished fresh-water pearl buttons and machinery activity by 17 companies representing 95.2 per cent of the machine capacity of the Association members.a BUTTON MANUFACTURING. STOCK ON HAND PAPER AND PRINTING. PER CENT OF MACHINE ACTIVITY (GROSS). WEEK ENDING— ! 1923 1922 1 ! 1923 1922 i Production and shipments of newsprint paper in! i creased in Ma}' over the preceding month as well as December 30 (previous y e a r ) . . 13,832,294 12,100,792 January— j over May a year ago. The total newsprint produc6..! i i 43.6 13,611,979 11,930,906 33.8 13. | i 52.1 13,638,275 45.1 11,920,613 tion for the first five months of 1923 amounted to 20... 52.1 51.4 13,646,436 11,976,769 ' 27 i 53.2 , 51.4 13,671,499 12,040,558 626,944 short tons, exceeding by 11 per cent the pro- February— 13 508 275 11,938,300 54 2 51 1 3 * ' duction in the corresponding period of 1922. The 11,997,520 10 ' 54.2 ' 51.1 13,493,976 12,043,674 17... 49.5 13,532,540 54.5 total shipments during this period aggregated 625,365 12,108,272 13,564,760 24 52.1 I 49.8 short tons, being similarly 11 per cent greater than Marcli— 3 49.0 13,399,376 11,909,903 i 53.1 13,340,008 11,895,817 i 51.0 48 7 io ...: the total for the first five months of 1922. Both 13,373,501 48.6 17... ' 53.3 11,941,118 12,000,472 50.3 2 4 . . . . i 54.2 13,454,219 imports and exports of newsprint paper increased in 50.5 13,467,402 12,020,933 i! 31 52.8 April— I May. The total imports for the first five months of 50.2 13,344,945 11,988,674 54.0 50.1 13,357,190 14. 12,082,463 54.8 the year were 33 per cent greater, while exports for 48.5 13,455,624 12,161,789 i 55.6 21... 45.6 13,514.369 54.7 , 12,199,085 J 28 this period were 40 per cent less, than the movements, May— 44.6 12 164 6C7 13 431 057 53 5 respectively, in the corresponding period of 1922. 54.0 i 13 499 864 12... 4S. 2 12,240,858 54.0 48.1 13,622,367 12,390,540 19 Stocks of newsprint increased in all positions, and the 47.3 12,486,041 13 770 277 26. . 50.6 J u n e — prices declined in May, except domestic spot, which 44.1 12,411,734 2... 48.4 13.696,339 12,518,136 49.9 13,779,122 47.6 9......". .... '.'.'.\ increased 3 per cent. 1 Imports of both mechanical and chemical wood Based on reports from 16 firms. pulp increased over the preceding month and May, BUILDING CONSTRUCTION. 1922. New books published hy American book manufacThe cost of building continued to rise in May and turers amounted to 596 titles as compared with 519 in averaged about 2 per cent greater than in April, and April and 346 in May a year ago. The production for about 115 per cent above the pre-war average. the first five months of 1923 was 17 per cent greater The contracts awarded in May for building in 27 than for the same period of 1922. northeastern States amounted to 60,430,000 square feet, valued at $374,400,000. The dollar value of AUTOMOBILES. building contracts awarded during May was 5 per The output of automobiles in May showed an in- cent greater than in the preceding month, while the crease over the preceding month, and at 350,180 the a The National Association of Button Manufacturers has entered into cooperative May passenger-car production may be compared with arrangements with the Department of Commerce for the wider distribution of the compiled and issued by that association. The statistics cover the quant it y a total of 344,474 cars in April and 232,431 in May, statistics and price of orders received, quantity of button stocks on hand, and machinery 1922. Truck production increased 14 per cent over activity weekly for fresh-water pearl buttons specified by kind and grade. Persons April. A total of 1,492,648 passenger cars were desiring to obtain this service may either apply direct to the secretary of the association, 1182 Broadway, New York City, or, if they prefer, may send their names to produced in the first five months of this year, an t he Survey of Current Business for forwarding to the association. A limited number increase of 93 per cent over the corresponding period free copies is available for distribution by the association. If the demand for these becomes greater than the supply, a charge will be made by the association sufficient of 1922. Correspondingly, internal revenue collec- to cover merely the cost of distribution. ! 1 : ! 1 15 floor space was 6 per cent less. During the month contracts for industrial buildings and business buildings, in point of floor space, increased, while all other classes declined from the preceding month. Fire losses were 4 per cent greater than in April, and the total-for the first five months of 1923 at $187,200,000 may be compared with $168,757,000 for the same period of last year. VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES. 1919 BUILDING MATERIALS. 1920 1921 1922 1923 The second statistical report of the National Paving Brick Manufacturers Association 1 covering 24 companies, representing 67 per cent of the tonnage capacity of the paving-brick industry in May and 29 companies representing 66 per cent of the capacity of the industry for March and April, shows the following figures on No. 1 paving brick: Production of southern pine, California redwood, Michigan softwoods and hardwoods, western pine, and northern pine increased in May, while Douglas fir and North Carolina pine production declined during the month. Stocks of Michigan hardwoods and western pine increased in May, while'inventories of southern pine and Michigan softwoods declined. PAVING BRICK (NO. 1 SIZE). Shipments of California redwood, northern pine and [In thousands of bricks.] western pine increased, while Douglas fir, Michigan May. April. March. 34, 382 33, 315 softwoods, Michigan hardwoods, and North Carolina Production 26, 209 23, 397 pine declined from April. Prices of lumber declined. Shipments Stock on hand, end of month 77, 662 80, 170 70. 252 received 31, -475 21, 522 Flooring production, both oak and maple, increased Orders (Cancellations 2, 158 1,028 in May. Stocks of oak flooring increased over the Unfilled orders, end of month 90, 644 91, 849 91, 752 preceding month, while stocks of maple flooring deThe production of No. 1 and No. 2 paving brick in clined. Unfilled orders for both species declined May represented 71 per cent of the normal tonnage during the month. capacity of the reporting firms as against 77 per cent Production of clay fire brick increased in May, and in April. the total of 319,224,000 bricks produced in the first 1 The National Paving Brick Manufacturers' Association has entered into a five months of 1923 was 63 per cent greater than the cooperative arrangement with the Department of Commerce for the wider disproduction for the corresponding period of a year ago. tribution of the statistics compiled and issued by that association. The statistics are issued weekly and cover the production, shipments, stocks, new orders, canProduction of silica and face brick also increased in cellations, and unfilled orders for paving brick, classified by sizes. The distribuMay. With the exception of face brick, which de- tion of unfilled orders and shipments is shown by States and classes of highways. Persons desiring to obtain this service may either apply direct to the secretary of clined 7 per cent, brick stocks made an increase of the association, 830 Engineers Building, Cleveland, Ohio, or, if they prefer, may less than 1 per cent. Unfilled orders for both clay send their names to the Survey of Current Business for forwarding to the association. fire and face brick declined during the month, as did A limited number of free copies is available for distribution by the association. [I there is a large demand for these sheets, a charge will probably be made by the new orders for clay fire brick. association to cover the cost of printing and. mailing. 16 Cement production and shipments increased while stocks declined. The total production for the first five months of the year were 40 per cent greater than the production in the corresponding period of last year. Concrete paving contracts let in May were greater than in April but less than in May a year ago. PRODUCTION AND STOCKS OF PORTLAND CEMENT. Exports of vegetable oils declined, but imports increased from April. Consumption of oleomargarine, as shown by tax-paid withdrawals, was slightly higher. Production of cottonseed oil was higher than a year ago, while stocks of both cottonseed and cottonseed oil remained about the same, and there was no change in the price of cottonseed oil. Flaxseed receipts were larger than a year ago, shipments about the same, and stocks smaller. Shipments of linseed oil and oil cake were considerably higher than a year ago. CEREALS. Shipments of enamel sanitary ware increased, but new orders and stocks declined for all classes. Reports from the Tubular Plumbing Goods Association ° show a decline in May, with sales totaling 119,467 pieces, valued at $122,392. HIDES AND LEATHER. Imports of hides and skins declined in May, owing to the decreases in cattle hides and sheepskins. Prices of hides were irregular. Production of sole leather was almost as large as in April, but skivers and oak and union harness showed a slight increase. Exports of sole leather increased, but upper leather exports were smaller. Exports of boots and shoes increased, with prices unchanged. CHEMICALS, FATS, AND OILS. Production of acetate of lime and methanol declined in April, and stocks of wood at chemical plants was slightly less than in March. Imports of potash declined considerably in May, but nitrate of soda imports increased. Exports of sulphuric acid, dyes, and fertilizers were all larger than in April. The price of sulphuric acid increased and essential oil prices were higher, also. Crude drugs declined in price. Receipts of turpentine and rosin were considerably higher in May than a year ago; stocks of turpentine were much higher, but rosin stocks were lower. a The Tubular Plumbing Goods Association has completed cooperative arrangements with the Department of Commerce for the wider distribution of the statistics compiled and issued by that association. These statistics are issued semiweekly and cover manufacturers' sales, in 3-day intervals, of the classes of goods listed in the accompanying table. Thefiguresare given in much greater detail in the regular reports, specifying the quantity subdivided by sizes, which have been sold in particular States, cities, or territories. Persons desiring to obtain this service may do so by applying either to the secretary of the association at 25 Broad Street, New York City, or, if they prefer, may send their names to the Survey of Current Business for forwarding to the association. If there is a large demand for these sheets, a charge will probably be made by the association to cover the cost of printing and mailing. The first monthly report of the Bureau of the Census on the wheat milling industry shows a total of 32,956,640 bushels ground and 7,227,671 barrels of wheat flour and 572,783,500 pounds of wheat grain offal produced by 1,035 mills with a daily capacity of 632,766 barrels* of flour in 24 hours, which produced 76.8 per cent of the total wheat flour output according to the census of 1921. Exports of wheat and flour in May increased from April and were slightly larger than a year ago. Receipts of wheat declined, but shipments increased, both being smaller than a year ago. Prices of wheat and flour declined. Receipts of corn declined but shipments increased over April, both being considerably less than in May, 1922. Exports of corn also declined and were only half as large as a year ago. The price of corn rose somewhat. Reports furnished to the Department of Commerce by the Iowa-Nebraska Canners' Association1 show the following comparison of unsold stocks of sweet corn in cases in the 36 canneries of Iowa and Nebraska: February 15, 1921 November 18, 1921 February 1, 1922 August 1, 1922 November 1, 1922 January 1, 1923 March 1, 1923 April 7, 1923 May 31, 1923 June 14, 1923 ], 956, 000 l, 644,000 ], 400, 000 519, 600 649, 000 569, 417 291, 209 238, 417 134, 387 119, 999 The visible supply of oats made a seasonal decline in May but was only 30 per cent as large as a year ago. Exports declined and the price of oats was reduced slightly. Exports of barley also declined, but the price rose slightly. Exports of rye and rye Hour 1 The Iowa-Nebraska Canners' Association has entered into cooperative arrange ments with the Department of Commerce for the wider distribution of trade statistics collected, compiled, and issued by that association. These statistics cover periodic reports on acreage planted to sweet com and the production, stocks, and sales of canned corn. Persons desiring to obtain this service may either apply direct to the secretary of the association at Marshalltown, Iowa, or, if they prefer, may send their names to the Survey of Current Business for forwarding to the association. A limited number of free copies are available for distribution by the secretary of the association. If the demand for these is greater than the supply, a charge will be, made by the association sufficient to cover merely the cost of distribution. 17 were double the April exports but slightly less than a year ago. The price of rye declined. Total grain and flour exports were larger than in April but less than a year ago. Car loadings of grain and grain products declined and were less than a year ago. OTHER CROPS. Imports of rice declined in May, but exports increased somewhat. Cold storage holdings of apples were less tjian a year ago, but car-lot shipments of both apples and onions increased over May, 1922. Shipments of potatoes were less than a year ago. April and also over May, 1922. Exports of unmanufactured tobacco declined, but cigarette exports increased. WATER TRANSPORTATION. The opening of the canals for the 1923 season in May showed larger traffic on both the Sault Ste. Marie and Erie canals than in May, 1922. Arrivals and departures of vessels in foreign trade at United States ports showed a large increase over April, the gain being about equally apportioned as between American and foreign vessels. Ocean freight rates to Europe declined slightly in May. MEATS AND DAIRY PRODUCTS. RAILROADS. Movement and slaughter of cattle, hogs, and sheep were in general in excess of both April, 1923, and May, 1922. Exports of both beef and pork products increased slightly, but beef exports were less than a year ago, while pork products made a good increase. Storage holdings of all meats were greater than in May, 1922, especially pork and lamb. Prices of cattle, pork, and lambs increased; hogs and ewes declined. Cold-storage holdings of fish were less than a year ago. Poultry holdings increased over a year ago, but receipts were smaller. Receipts of cheese and eggs were larger in May than a year ago, w^hile butter receipts were less. Storage holdings of butter and eggs were less than a year ago, but cheese holdings increased. Production of milk in the Minneapolis district was considerably larger than a year ago, while exports of condensed milk made a slight increase. May witnessed the transformation of the previous net shortage of freight cars into a net surplus by the halving of the previous shortage, while surplus more than doubled. Locomotives in bad order showed a relative decline, while bad-order cars increased slightly. Car loadings again increased to make a record for this season of the year; the increase over the previous month was due to larger ore shipments. Railroad operations for April show a slight decline in both revenue and expense, with income somewhat smaller than in March. SHORTAGE, SURPLUS, BAD-ORDER, AND TOTAL LOADINGS OF FREIGHT CARS. J N/ 950 / ^> 900 The consumption of all classes of tobacco products, as indicated by tax-paid withdrawals, increased over fo \ \I / * /<* 800 760 tz I 1 850 TOBACCO. I/ / / [H A / 1 1 1 \ 1 / I wJ / Sz / \ / * | \ \ 4 • \ i \ / \ \ 700 RELATIVE PRODUCTION OF CIGARS, CIGARETTES, AND MANUFACTURED TOBACCO. /\ I V 650 (Average monthly production 1913 = 100.) 500 460 Mm A /\ i 360 I 300 I z 250 /\ /'- \A ' \ ii \l j 1 \ 1 V VI v 7 160 si... 100 "NT in TZ \ / \ TZ V / j r \ 1 I \i \\ tz \ \ \ \ \ 200 150 100 w /I/ <^y / &' 50 ? 200 CIG i nA \ / UA} V 1 J 1 I 1 A i \ \ 50 it / TZ \i\f TZ GE \ R SK<0RTA 60 y -k \ \ l\ \\ X 0 i I i I 53850—23 1821 3 % y < I 4 1922 | 1923 1920 1921 1922 \ r i 1 % K1923 18 LABOR. Employment in 1,428 United States factories, each employing 500 or over, showed an increase on May 31, and at 2,048,000 employees compares with 1,669,000 at the end of May, 1922. Employment reports from Detroit also show an increase for the month, while in New York State factories and in Wisconsin factories the number of employees on the pay roll declined from the preceding month. Total involuntary unemployment in Pennsylvania was reduced still further, being estimated at 9,465 on June 1. The total pay roll in both New York State and Wisconsin factories increased in May. Department-store inventories declined during the month, and at 125, the index on a 1919 base, compares with 114 for a year ago. SALES OF MAIL-ORDER HOUSES AND CHAIN TEN-CENT STORES. 1 J ll 1 1 \ % \% CH IMMIGRATION, EMIGRATION, AND IMMIGRATION QUOTA. ?, \ \ 1J J] A pi «i L - A //\\ \ i i V,. ! 1 J 1 > 1 1 1 I1 // / \ \ • 1 / I / ' / / J \ / / 1 / / J \<\ \ 1 20 V i VA 1 \\ / J * / A f < \ \ A 'vj 1 M -' . \ VJ MONTHL QUOTA ZJ The diagrams on the opposite page were designed to show the trends of factory employment in several of the major industrial groups. The data upon which the diagrams are based are taken from reports of the United States Employment Service showing the distribution of employees by industries, in 1,428 representative factories, each employing normally 500 or more persons. DISTRIBUTION MOVEMENT. Retail sales of the large mail-order houses made the usual seasonal decline in May, and at $29,261,000 the May sales compared with a total of $21,855,000 for the corresponding month of 1922. May sales of 10cent chain stores aggregated $25,696,000, which may be compared with $23,764,000 in April, $21,540,000 in May, 1922, and $18,572,000 in May, 1921. The index of department-store sales as compiled by the Federal Reserve Board at 126, on a 1919 base, compares with 117 for April and 115 for May, 1922. i i i i 1921 I S i $ -> I < ^ 1922 o The May index of wholesale trade on a 1919 base stood at 83 as against 79 for April and 73 for May of last year. Newspaper advertising increased during May, and at 109,559,000 agate lines may be compared with 97,090,000 lines in May, 1922. The cumulative total for the first five months of this year amounted to 497,336,000 agate lines, or about 11 per cent greater than the linage for the corresponding period of 1922. Postal receipts in 50 selected cities during May totaled $24,902,000 as against $22,375,000 in May, 1922, and $19,504,000 in May, 1921. Taxes collected on theater admissions amounted to $6,582,000, which may be compared with a total of $5,818,000 collected in May, 1922. PUBLIC FINANCE. The total interest-bearing debt on May 31 showed a 4 per cent decline from the corresponding period of a year ago. Customs receipts in May declined, but the total for the first five months of 1923 was 54 per cent greater than for the corresponding period of a year ago. For the five months ending May 31 ordinary expenditures amounted to $1,384,993,000, while ordinary receipts for the same period totaled $1,505,105,000. The per capita distribution of money outside of the United States Treasury and the Federal Reserve System amounted to $42.34 as against $42.04 in April and $40.36 in May, 1922. 19 EMPLOYMENT IN VARIOUS INDUSTRIES. (Relative employment 1921 - 100.) FOOD AND KINDRED PRODUCTS. TEXTILES AND THEIR PRODUCTS. IRON AND STEEL AND THEIR PRODUCTS. * Q: 176 I 1.50 i.60 1 150 X UJ / ••• > ' 1921 I *** l» 1 A\ E R A 1929 | AVE QE | 1923 1931 I \ / y RAC Ml 1922 ' fcVEt AQE HiiHiiHi I 1923 I 1921 1922 I I 1923 METALS AND METAL PRODUCTS (other than iron and steel). CHEMICALS. LEATHER AND FINISHED GOODS. 260 —•"••• r 226 2 126 / ^ / ^ / / Z 121 ' f J A \ 121 &QE VER I- Z C J K Z ^ I 3 g 3 5 3 g ^ I I I 1921 1922 I 1823 TOBACCO MANUFACTURES. I I i 1922 V • 1923 1921 I l»! 1 AVE R A . ;i M n n n I VEHICLES FOR LAND TRANSPORTATION. 260 260 QE A 1921 I I 1922 1923 TOTAL, ALL INDUSTRIES (1,428 factories). r / 200 £ 176 UJ (0 /I 2 Z 160 • 1M l v/ I AV E R 1921 r / \ QE I 1922 I 1923 \ J 1 1 1 193 ^ / A V ERA( E 191 t H it n M * : I 1821 I 1922 I 1923 I 1921 I 1 AVE R A 1022 E I 1923 20 Both debits to individual accounts and bank clearings increased in May in New York City as well as in the territory outside of New York. Total debits to individual accounts outside New York City for the first live months of 1923 amounted to $95,237,000,000, an increase of 16 per cent over the same period of 1922. In the Federal Reserve banks there was an increase in discounts and a decline in investments. Note circulation, total reserves, and total deposits increased, while the reserve ratio declined. Member banks increased their loans, investments, and net demand deposits. Interest rates on commercial paper at 5.13 per cent showed no change from April, while callmoney rates declined during the month. responding period of a year ago. Correspondingly the number of business failures for the first five months of the year amounted to 8,366, a decline of 28 per cent from the same period of 1922. LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL RESERVE MEMBER BANKS. 13 £07 12 OIS II tt in 7^ f BILLIONS OF D< BANKING AND FINANCE. —-• COl — ME TOJT Hi. • • - - NTS 4i BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS. 0 j 8 5 £ I 5 I 3 3 3 i 1 1821 / / 24 1 INTEREST RATES AND BOND P R I C E S 20 BOND INDEX NUMBER \ ' 80 O Z 1920 I ! I X\ INTERE8T RAT PER CENT 1 i 1922 ; i1 i • 16 i § \. 1 i *'—, ""V. X\ o s i OCT 28 ND M V CO Q LU CE Q D \ 60 IQ 40 8 \ MERC/, 7 A \ > > S r • — -. 3 1920 1921. 1922 I 1923 A total of $292,400,000 was disbursed in June in the form of dividend and interest payments, representing an increase of 2 per cent over a year ago. The total new life insurance written in May declined but was 25 per cent greater than May, 1922. The aggregate policy value for the first five months of 1923 amounted to $3,194,870,000, as compared with $2,590,603,000 for the same period of last year. Of the classes of new life insurace sold, group insurance made the greatest percentage increase in 1923 over the first five months of 1922, and at $106,767,000 the policy value of this form of insurance increased 52 per cent. The number of business failures increased in May while liabilities declined. The total liabilities for the five months ending May 31 amounted to $230,745,000, a decline of 31 per cent from the casualties of the cor- 30 B 20 4- 10 2 0 0 NUMBER OF BUSINESS FAILURES AND AMOUNT OF DEFAULTED LIABILITIES. 3.000 « 2 700 90 2 400 80 2 100 70 1 800 " 60 A ..J /I Vi • i * a. 2 1.600 5o«5 ° a s s / 30 1 j 1.200 n i » / 900 ft Hi If \i \ r / 20 600 10 300 0 0 s c 20 21 i 0 1* 4923 3 21 Now incorporations in May decreased while new capital issues by corporations increased, the total for the five months ending May 31 being 17 per cent greater than the aggregate for the same period a year ago. Prices of both industrial and railroad stocks declined during May, as did public utility bonds, while prices of railroad and industrial bonds advanced slightly. Sales of stocks on the New York Stock Exchange increased 15 per cent from April, and the 23,106,000 shares sold compare with 28,911,000 shares in May, 1922. Sales of bonds increased 12 per cent during the month. FOREIGN EXCHANGE. Exchange on London declined in May, while exchange on Japan and on Chile increased during the month. Exchange on the other important countries declined in May. The general index of foreign exchange for May at 66 may be compared with 67 for April and 72 "for May, 1922. EXPORTS FROM THE UNITED STATES AND THE UNITED KINGDOM. 400 300 GOLD AND SILVER. ft-M •t f J Domestic gold receipts at the mint in May totaled J9,866 fine ounces, as against 65,043 ounces in April and 81,839 ounces in May, 1922. The Rand output for May increased 6 per cent over the preceding month. Both imports and exports increased in May. The total gold exported in the first five months of 1923 amounted to $21,742,000, representing an increase of 155 per cent over the corresponding period of 1922. Imports of silver increased while exports declined in May. The price of silver both at New York and at London rose during the month. I/ \ 1 200 w sa A, V A* .A S V 100 K 13 AVERAG i 8 1920 1921 1923 1922 INDEX NUMBERS OF PRODUCTION AND MARKETING. In recent numbers of the Survey there have been published detailed discussions of certain index numbers of production and marketing dealing particularly with raw materials. The following tables give the recent figures for each of these index numbers, compared with the corresponding months of 1922. The methods of compiling these indices and the weighting factors used are discussed in detail in the issues of the Survey referred to. A summary and combined raw material index number is given on page 7 of this issue. INDEX OF M I N E R A L PRODUCTION.1 INDEX OP MINERAL PRODUCTION.1 . (Relative production 1919= 100.) 1922 Mar. Total production Petroleum Biruminous coal Anthracite coal Iron ore Copper Lead Zinc Gold Silver Total, excluding lead, gold, and silver . (Relative production 1909-1913= 100.) 1922 Mar. Apr. ... Apr. 116.2 62.5 147.9 131.5 119.3 58. L 113.0 70.1 71.7 88.6 141.6 41.3 0.4 19 71.9 107.9 67.6 72.9 87.6 117.3 61.4 1923 May. 72.7 Mar. Apr. 125.8 121.1 May. 140. 8 178.0 184.4 147.4 122.6 53.7 111.5 121.2 109.8 0.5 31 7 85.9 2 113.4 2110.0 149.8 2 142.7 108.1 129.3 124.0 72.7 65.5 83.1 66.0 129.4 90.2 140.1 196. 5 120.7 116.X 139 h 116.4 151.0 124.1 81.1 144.7 126.4 141.5 71.9 121.4 1 For complete table and discussion, see September (No. 13) issue of the Survey. * Revised. 1923 May. Mar. Apr. 80.1 134.7 129.3 153.7 310.5 321.6 257.1 131.8 57.7 119.8 123.6 0.5 112.0 35 6 96.3 a 127.1 33 123.3 119.2 165.1 157.3 116.1 2 206.5 2 198.1 52.7 41.6 41.9 121.1 131.1 84.4 342.8 129.7 119.1 156.8 130 5 166.4 198.3 51.5 135.4 2 142.4 162.8 INDEX May. OF M A R K E T I N G S OF A N I M A L PRODUCTS.1 (Relative marketings 1919=100.) Total Petroleum Bituminous coal Anthracite coal Iron ore Copper Lead Zinc Gold Silver „ Total, excluding lead, gold, and silver 1 120.8 67.8 258.0 141.3 121.7 65.2 124.5 112.1 45.5 82.9 246.9 44.4 0.4 2.1 80.5 119.0 108.0 46.3 82.0 128.1 68.2 81.5 2 136. 3 For complete table and discussion, see May (No. 9) issue of the Survey. 2 Revised. 1922 Total Wool Cattle and calves Hogs Sheep. Eggs... Poultry Fish Milk 1 . . . . Mar. Apr. 102.5 106.9 61.1 79.0 91.3 64.7 163 9 66.6 107.3 117.9 54.2 71.6 82.1 54.2 245.0 56.5 75.8 115.1 1923 Mar. Apr. 119.6 113.6 111.4 127.3 93.8 91.5 100.0 74.7 217.8 73.5 87.4 132.4 52.4 73.2 131.8 63.1 178.8 86.6 89.4 122.5 45.5 81.4 115.5 63.9 188.3 62.8 87.1 122.6 59.4 92.6 121.1 79.2 242.8 67.6 88.7 136.1 May. May. For complete table and discussion, see June, 1922 (No. 10), issue of the Survey. 22 INDEX OP CROP MARKETINGS. 1 (Relative monthly marketings 1919=100.) Grand total Wheat Oats Barley *. Rice Apr. May. Mar. Apr. Mar. May. 77.8 54.5 86.3 74 3 61.0 55.0 207.0 64.2 79.6 42.5 81.6 213.6 97.0 49.6 48.6 24.3 35.5 50.7 180.6 92.3 101.5 37.9 114.4 14.9 174.9 69.1 96.4 43.9 92.3 64.9 113.2 69.5 87.6 32.3 100.9 86.8 71.1 53.2 69.8 23.3 59.9 22.5 Total grains 104.9 60.1 111.0 96.5 81.9 57.5 Potatoes (white) 148.2 133.9 216.5 41.6 200.9 327.7 134.1 91.1 232.1 178.3 188.0 211.4 135.4 52.8 339.2 131.6 191.4 71.7 152.7 149.4 187.8 81.2 123.7 466.9 144.8 97.4 192.4 76.7 171.5 310.6 100.8 39.8 296.5 144.5 195.6 60.0 154.3 144.8 147.6 157.6 147.4 117.5 Onions Celery Total vegetables Citrus fruit 25.9 137.8 6.1 Pears Watermelons Total fruits Cotton Cottonseed Total cotton products . Total miscellaneous 16.8 26.6 114.9 77.4 39.7 22.5 204.6 183.2 180.3 74.8 220.3 26.6 48.3 1,533.5 61.0 64.6 162.3 82.3 72.2 150.3 51.1 18.5 42.2 57.9 35.7 3.8 43.1 16.3 29.0 6.1 6.0 5.5 46.3 36.8 49.9 39.1 25.6 31.2 56.9 23.9 49.8 11.1 54.0 5.6 82.1 14.8 53.8 1.6 49.8 14.6 69.1 27.5 50.7 8.9 67.1 5.2 71.5 11.0 51.1 1.0 84.0 8.1 35.6 24.4 22.8 41.7 30.0 22.3 36.4 Strawberries Hay Tobacco Flaxseed .. . Cane sugar 43.2 180.2 0.3 120.6 0.2 7.0 351.0 1,925.1 Yellow pine Western and sugar pine and white fir Douglas fir Redwood Hemlock Maple, birch, and beech Total lumber Pulp wood Gum Distilled wood Grand total Apr. May. 110.3 103.7 46.6 109.1 142.9 57.8 94.6 80.4 114.4 137.7 79.4 80.7 100.4 May. * 132.2 123.1 93.9 87.1 164.6 65.7 107.2 67.6 61.7 123.5 52.0 195.9 83.7 70.5 163.6 92.2 115.9 74.3 69.4 77.8 45.3 81.7 102.7 72.8 177.5 153.7 177.7 108.6 93.7 87.0 45.1 78.8 120.2 95.6 157.0 a 72.2 *95.7 »60.0 M6.2 115.8 «67.4 107.0 110.0 80.9 149.6 126.0 146.4 »88.2 »62.8 102.7 73.5 115.7 95.3 85.3 104.8 102.5 104.5 105.4 131.2 89.9 92.5 100.4 114.1 126.3 135.4 117.0 122.6 125.9 129.7 90.8 105.2 129.5 119.0 127.3 ===== 79.8 96.5 17.5 81.3 99.5 9.4 90 5 110.4 31.4 139.2 138.2 144.0 3 140.6 97.3 126.5 151.8 149.8 106.7 89.8 92.0 103.3 144.8 3 137.9 147.6 Lumber Flooring 100.4 146.9 101.7 148.9 120 7 161.9 123 8 3121.7 209.1 221.3 130.1 231.9 Total 108.7 110.1 128.1 141.2 » 137.3 148.3 78.5 107.8 70 7 98.7 70 4 90 5 97.7 3130.1 90.1 114.8 89.4 111.9 96.4 87.8 87.1 3 114.7 105.2 103.2 111.5 115.1 123.2 105.5 102 4 107! 0 117.6 111.2 128 9 114 4 122.8 3 127.0 54.9 117.4 81.1 131.7 127.8 92.0 119.3 124.4 122.9 134.1 137.6 134.1 119.1 114.3 121.0 3 129.5 111.7 120.8 . TEXTILES: Cotton (consumption) Wool (consumption) Total 114.5 : IRON AND STEEL: Pig iron. Steel ingots Locomotives Total - = LUMBER: LEATHER: Sole leather Boots and shoes Total PAPER AND PRINTING: W ood pulp Paper Printing (paper purchases). Consumption by printers (newspaper printing) — • - - • . . . . . 145.8 — CHEMICALS, ETC.: 77.9 127.8 61,1 57.2 74.8 124.0 20.4 98.0 80.6 138.4 10.8 177.0 135.9 153.0 52.2 67.4 135.3 151.8 33.9 113.8 140.1 153.7 16.9 204.8 105.9 100.3 114.3 131.0 130.8 136.6 85.4 67.0 99.9 89.2 79.0 138.1 103.6 82.0 167.0 92.9 96.6 90.0 79.0 147.7 3 169.8 100.0 169.8 193.9 81.7 97.4 110.8 102.4 111.0 119.1 Copper smelting and refining Zinc smelting and refining Enamel ware . Lead 29.0 69.4 178.7 113.0 32.6 66.7 200.8 107.9 83.5 71.7 214.2 108.1 3 122.8 3 111.6 122.5 127.4 225. f 198.6 149.8 3 142.7 96.4 123.8 215.2 151.0 Total metals, except iron and steel 115.4 114.2 135.9 3167.5 3 151.3 154.9 107.9 89.8 82.1 88.8 85.1 78.0 101.4 96.6 103.9 103.1 63.5 113.9 96.3 90.4 106.4 102.8 98.3 125.5 90.3 83.1 100.3 90.5 97.7 109.6 Coke . ... Petroleum products Cottonseed oil Turpentine and rosin Total Mar. Apr. May. 121.9 124.6 110.5 120.1 140.2 126.0 184.7 87.3 85.6 * 110.5 139.8 175.1 80.9 119.6 169.1 146.4 139.9 71.0 110.7 191.7 141.3 198.6 »85.3 •121.2 101.7 120.7 123.8 109.7 53.6 83.7 107.3 96.7 63.3 117.2 177.7 64.4 108.1 64.3 132.1 111.8 113.0 119.9 128.5 206.5 128.9 99.3 101.7 122.1 119.9 120.4 | 133.0 STONE, CLAY, AND GLASS: Brick. Glass bottles Cement Total METALS, EXCEPT IRON AND STEEL: 3130.1 TOBACCO: Manufactured tobacco and snufl Cigars Cigarettes 1 For complete table and discussion see August, 1922 (No. 12), issue of the Survey * Revised. »Partly estimated. Apr. 126.7 Total.. 1923 Mar. Mar. 106.8 Meats Wheat flour Sugar meltings Ice cream Butter Cheese Condensed milk Glucose and starch Oleomargarine (production) Rice (Relative monthly production 1919=*100.) 1922 May. 92.7 Total PRODUCTION.1 Apr. 96.7 Total index FOODSTUFFS: * For complete table and discussion, see July, 1922 (No. 11), issue of the Survey. I N D E X OP F O R E S T R Y 1923 1922 1923 1922 Mar. PRODUCTION.1 I N D E X N U M B E R S OF MANUFACTURING Total MISCELLANEOUS: 1 Shipbuilding Automobiles... Rubber tires 1.8 9.8 6 105.0 124.3 133.5 112.0 155. 135. 71 214.6 193.1 11.1 232.2 178.0 235.6 221.3 Total.. .. 70.6 81.2 93. 130.5 134.7 144.3 4.4 For complete table and discussion, see January, 1923 (No. 17) issue of the Survey. * Subject to revision; partly estimated. «Revised. 23 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. The numerical data for the latest months are given and in addition index numbers for the last four months and for two corresponding months of a year ago. In many lines the figures do not lend themselves readily to statistical uniformity, due to lateneas of their publication or publication at other than monthly intervals; therefore the following explanations of the various headings are offered to make clear such distinctions and in general to facilitate the use of the table: April, 1923.—This column gives the April figures corresponding to those for May shown in the next column—in other words, cover the previous month, and in some cases, where indicated by a footnote, refer to the previous quarter; that is, ending December 31, 1922. May, 1923.—In this column are given the figures covering the month of May, or, as in the case of stocks, etc., the situation on May 31 or June 1. In a few cases (usually where returns are reported quarterly only), the figures are for the quarter ending March 31 or the condition on that date. Where this column is left blank, no figures for May were available at the time of going to press (July 7). Corresponding month, April, 1922, or May, 1922.—Thefiguresin this column present the situation exactly a year previous to those in the "May, 1923," column (that is, generally May, 1922), but where no figures are available for May, 1923, the April, 1922, figures have been inserted in this column for comparison with the April, 1923, figures. In the case of quarterly figures, this column shows the corresponding quarter of 1922. Cumulative total through latest month.—These columns set forth, for those items that can properly be cumulated, the cumulative total for the first five months of the calendar years 1922 and 1923, respectively, except where the May, 1923, figures are lacking, in which case the cumulative total for four months in each year is given. Percentage increase (+) or decrease ( —) cumulative, 1923 from 1922.—This column shows the per cent by which the cumulated total for the five months ending May, 1923, is greater (+) or less ( —) than the total for the corresponding period ending May, 1922. Base year or period.—For purposes of comparison with a previous more or less normal period, all items, so far as possible, are related to such a period by index numbers. The period taken for each item, called the base, is the monthly average of the year or period stated in this column. Wherever possible, the year 1913 is taken as a base, and if no pre-war figures are available, 1919 is usually taken to avoid using a war year as a basis. In some cases it will be noted that figures were not available prior to 1920 or even 1921, and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more representative year has been chosen. Index numbers.—In order to visualize the trend of each movement, index or relative numbers are given for the last four months and for two corresponding months of a year ago. These index numbers are computed by allowing the monthly average for the base period, usually 1913 or 1919, to equal 100. If the movement fora current month is greater than the base the index number will be greater than 100. If the converse is true the index number will be less than 100. The difference between 100 and any index number gives at once the per cent increase or decrease compared with the base period. Index numbers may also be used to compute the approximate per cent increase or decrease from one month to the next. Percentage increase (+) or decrease ( —) May from April.—The last column shows the per cent increase or decrease of the figure for the last month com pared with the preceding month. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (t) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). April, |1923. May, 1923. Corresponding month, April or May, 1922. j Per_ j centage ;| increase CUMULATIVE TOTAL I ( + ) THROUGH ' or deLATEST MONTH. .! crease ! (-) ;i cumu' lative ! 1923 1922 1923 from 1922. ! INDEX NUMBERS. BASE YEAR i ! OR I 1922 Per: centage •; increase 1923 ! (V _ PERIOD. | ; " I or dei crease I; Apr. May.! Feb. Mar. Apr. i May. "\ ( - ) ! May j from I1 Apr. SUMMARY OF BUSINESS. Department of Commerce Indexes. Manufacturing: Total, 62 identical commodities weighted index Total, 70 identical commodities weighted index Raw materials: Minerals, 9 commodities weighted index Crop marketings, 26 commodities weighted index Animal products, 9 commodities weighted index Forestry, 13 commodities weighted index Total raw materials (above groups) weighted index Stocks and unfilled orders: Stocks, 31 commodities weighted index Unfilled orders, 8 commodities weighted index Federal Reserve Hoard Indexes. Agriculture, 14 commodities weighted index Minerals, 7 commodities...weighted index Manufacturing, 34 commodities weighted index 22 basic commodities weighted index no.. 1919 88.6 100.5 101.4 114.9 110.0 117.6 4 6.9 no.. 1919 92.7 106.8 109.7 127.1 123.1 132.2 +7.4 no.. 1919 62.5 i 72.7 106.5 125.8 121.1 140.8 +16.3 no.. 1919 54.5 no.. 1919 no.. 86.3 73.4 74.3 55.5 -9.0 106.9 119.6 95.4 113.6 111.4 127.3 +14.3 1919 101.7 J122.1 95.9 119.9 120.4 133.0 +10.5 no.. 1919 i 74.1 no.. 1919 117.2 106.1 110.5 110.2 102.9 101.1 i ~1.7 no.. 1920 no.. no.. 1919 no.. no.. 1919 95.5 \ 87.4 i 98.2 1 1919 1913 57.6 61.0 63.0 ' 93.2 100.5 90.5 ' 97.1 +7.3 ! 94.6 87.4 j -7.0 57.4 | 82.6 ;' 73.3 77.7 70.0 70.3 j +1.4 58.6 ! 67.9 116.6 134.3 127.4 136.9 I +7.5 : i 84.7 | 98.1 | 99.5 ,112.7 102.7 111.7 I 4 8.8 ; 85.3 I 92.1'<1120.1 |125.1 123.8 127.2 j +2.7 24 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. F or items marked with a dagger (t) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). April, 1923. CUMULATIVE TOTAL THROUGH LATEST MONTH. Corresponding month, April or May, 1922. May, 1923. I N D E X NUMBERS. Percentage increase 1922 1923 or decrease (-) cumulative 1923 from 1922. BASE YEAR OR PERIOD. 1922 Percentage increase 1923 or decrease Apr. May. Feb. Mar. Apr. May. May from Apr. TEXTILES. Wool. Consumption by textile mills, grease equivalent Receipts at Boston: thous. of lbs.. Foreign thous. of lbs Total thous. of lbs. Imports, unmanufactured thous. of lbs.. | Machinery activity: | Looms, wide per ct. of hours active.. Looms, narrow per ct. of hours active.. | Looms, I carpet and rug.. .per ct. of hours active.. j Sets of cards per ct. of hours active.. Combs per ct. of hours active.. Spinning spindlesWoolen per ct. of hours active.. i Worsted per ct. of hours active.. j Looms and spindles: ' Woolen spindles, .per ct. of active to total..; Worsted spindles.per ct. of active to total.. Wide looms per ct. of active to total.. | Narrow looms per ct. of active to total.. | Carpet looms per ct. of active to total..; Prices: j Raw wool to producer, j all grades dolls, per l b . . j Unwashed,fine Ohio,Boston.dolls, per l b . . Worsted yarn dolls, per l b . . Wool dress goods dolls. per yd.. Men's suitings dolls, per yd.. 56,411 59,682 52,533 261,529 300,216 + 14.8 1921 96 119 131 8,109 45,477 53,586 77,047 10,586 42,797 53,383 47,173 16,717 24,255 40,972 32,956- 64,503 102,741 167,244 165,001 40,745 223,425 264,170 301,350 - 36.8 +117. 5 + 58.0 + 82.6 1913 1913 1913 1913 72 465 182 308 124 460 218 261 44 69 775 1,046 344 250 504 451 91.3 84.4 62.4 55.2 1921 1921 85 84 116 116 135 134 130 131 133 4 2.0 132 4 - 0 . 8 82.5 127.3 119.8 85.7 101.4 112.6 75.5 89.7 79.2 1921 1921 1921 146 121 82 160 133 105 170 145 132 161 178 134 167 3.9 142 - 20.3 126 - 6.0 102.0 109.5 99.9 103.6 88.6 65.3 1921 1921 118 76 123 132 117 137 125 142 j 139 134 126 - 2.1 5.4 90 94 87 85 90 94 87 85 87 67 63 65 78 1913 1913 1913 1913 1913 108 84 81 88 116 112 91 85 89 115 113 123 112 118 125 117 127 116 118 128 117 127 118 116 126 117 127 118 116 128 4- 0.0 0.0 0.0 0.0 1.6 .417 .52 1.800 1. 035 3. 690 .290 .41 1.350 .815 3.060 1913 1913 1913 1913 1913 149 173 167 145 184 174 186 174 145 198 211 236 225 176 227 223 232 225 184 227 235 232 225 184 227 250 236 232 184 239 89.5 | 83. 7 .392 .51 1. 750 1.035 3. 510 142 128 135 4- 5.7 60 79 4- 30.5 862 811 - 5.9 286 ! 285 - 0.4 609 | 373- 38.8 + 6.4 4-2.0 4-2.9 0.0 4- 5.1 Cotton. Consumption by textile mills * bales.. Stocks, end of month: * Mills thous. of bales.. Warehouses thous. of bales.. World visible supply (American) thous. of bales.. Total domestic ginned thous. of bales.. Imports, unmanufactured • bales.. Exports, unmanufactured * bales.. Manufactured goods: Cotton cloth exports thous. of sq. y d s . . Fabric consump. by tire mfrs.thous. of lbs.. Elastic webbing sales thous. of y d s . . Fine cotton goods: Production pieces.. Sales pieces.. Machinery activity, spindles: Active thousands.. Total activity mills, of hours.. Activity per spindle hours.. Prices: Raw cotton to producer dolls, per l b . . Raw cotton, New York dolls, p e r l b . . Cotton yarn dolls, per l b . . Print cloth dolls, per y d . . Sheeting .dolls, per y d . . 577,396 1,889 1,966 1,813 3,995 37,008 262,753 44,741 12,509 16,181 ' 020.965 | 495,337 1,621 1,580 2,457,641 2,998,765 103 1,420 2,559 ! 4- 7,5 - 14.2 90 - 19.0 1913 1913 109 182 106 145 159 151 135 140 112 110 134 74 82 97 112 71 65 136 327 49 75 115 262 44 59 97 183 36 46 80 116 22 139 129 76 163 152 87 177 93 132 203 117 120 187 110 - 18. S 192 4- 3.0 111 4- 0.6 96 I 99 61 i 78 104 86 130 99 110 48 128 4- 10.2 41 - 10. 1 1,432 |; 3,001 3,280 j 4,612 ; 23,593 14,320 j 186,246 160,368 ; 469,397 2,343,440 285,424 + 53.3 1,574,424 - 32.8 1913 1914 1913 1913 60,448 10,161 12,758 224,213 42,634 59,652 8.3 205,605 61,824 + 45.0 78,076 + 30.9 1913 1921 1919 378,974 347,368 1,803,164 1,372,499 2,213,182 + 22.7 1,776,741 4- 29.5 1919 1919 36,335 12,888 16,286 120 4- 7.3 17.9 30.4 39.0 I 423,201 215,503 491,660 180,914 35,516 8,787 236 35,390 9,309 249 .269 .290 .495 .097 .129 163,100 31,641 | 7,493 203 .250 ;; .187 .. .277 .208 .. .471 : .073 | .124 j .370 .. .064 .. .093 !.. 176,956 + 8.5 1913 104 1913 1913 1913 1913 1913 133 142 141 173 148 105 117 ! 156 231 I 163 226 | 149 197 j 185 232 I 151 206 117 I 237 240 203 238 208 224 226 200 229 210 117 - 0.4 4 5.0 4- 5.. 213 216 190 212 202 -4.8 - 4.5 -4.8 - 7.6 -3.9 25 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (t) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). April, 1923. May, 1923. Corresponding month, April or May, 1922. INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 ( v 1923 or decrease (-) cumulative 1923 from 1922. 3,383,100 3,038 3,852,000 70,200 + 4.2 - 7.2 + 27.9 - 9.3 BASE YEAR OR PERIOD. Percentg increase 1923 1922 or decrease y from Apr. Apr. ! May. Feb. Mar. Apr. May. TEXTILES—Continued. Knit Underwear. Production doz.. 674,100 367 Orders received thous. of doz.. Shipments doz.. 654,300 11,700 Cancellations doz.. UnQUed orders, end of month.. .thous. of doz.. 2,162 667,800 3,248,100 758.700 815 3,274 443 644,400 I! 500,400 3,012,300 15,300 | 18,900 78,300 1,937 \ 1,316 1920 » 1920 11920 1 1920 U920 110 407 117 46 320 113 807 109 39 262 1913 2 1920 1920 1913 108 140 38 179 164 187 41 1913 1913 110 53 165 77 106 116 114 128 + 12.6 497 554 364 439 + 20.7 182 189 143 140 - 1.5 20 22 23 31 511 432 430 386 180 216 146 172 + 17.6 203 188 214 137 - 35.8 + 4.6 + 30.8 - 10.4 Silk. Imports, raw Consumption, raw Stocks, raw, end of month. Prices, raw, Japanese, N. Y thous. of lbs.. bales.. bales.. dolls, per l b . . B u r l a p a n d Fiber. Imports: Burlap thous. of lbs.. Fiber (unmanufactured) long tons.. 4,170 38,193 28,657 9.310 4,904 h 4,662 24,509 j- 33,284 29,962 ; | 20,826 8.42S ii 7.203 19,549 140,131 58,135 11 56,007 28,392 11 22,120 203,573 98,280 25,964 + 32.8 167,128 + 19.3 87 77 56 58 241 237 256 232 -9.5 141 156 171 92 104 99 + 10.1 I- 4.6 I 52,825 29,752 275,118 + 35.1 161,830 + 64.7 METALS. Iron a n d Steel. Iron ore movement thous. of short tons.. Production: Pig iron thous. of long tons.. Steel ingots (prorated).thous. of long tons.. Merchant pig iron: Production thous. of long tons.. Sales^.., .thous. of long tons.. Shipments ., thous. of long tons.. Unfilled orders thous. of long tons.. Stocks, merchant furnaces thous. of long tons.. Stocks, steel plants thous. of long tons.. Lake Superior iron ore: f Stocks: Total thous. of tons.. At furnaces thous. of tons.. On Lake Erie docks thous. of tons.. Consumption thous. of tons.. Steel castings: Total bookings short tons.. Railroad specialities short tons.. I Miscellaneous bookings short tons.. Exports (comparable) thous. of long tons.. j Exports (total) thous. of long tons.. Imports thous. of long tons..'. Unfilled orders, U. S. Steel Corp., end of month thous. of long tons.. Foundry production, Ohio.. per ct. of normal.. Wholesale prices: Pig iron— Foundry No. 2, Northern dolls, per long ton.. Basic, Valley furnace.. .dolls, per long ton.. j Steel billets, Bessemer, dolls, per long ton.. Iron and steel dolls, per long ton.. Composite pig iron dolls, per long ton.. Composite steel .dolls, per 100 lbs.. Composite finished steel.dolls, per 100 lbs.. Structural steel beams...dolls.-per 100 lbs.. 4 +316.5 1913 75 17 3,868 i 4,205 \ 2,307 3,223 9,690 12,914 ! 16,160 + 66.8 19,531 + 51.2 1013 1913 600 | 129 ! 515 ! 1,171 2,172 1,620 2,532 4-116. 2 2,461 + 13.3 2,415 + 49.1 1,256 I 250 387 408 1,421 1914 1914 1914 1914 340 | 69 334 131 1914 1914 23,025 19,683 i 18,865 14,825 | 14,786 j 16,532 4,858 ! 4,347 || 6,493 5,582 3,294 | 3,294 14,413 j - 40.0 1919 1919 1919 1919 76 ! ,i 82 || 81 11 86 ! | 76 ! 82 !| 100 82 83 101 82 97 116 136 !+ 88.8 |+ 59.8 + 125.2 - 19.4 - 13.8 ! +445.7 1920 1920 1920 1913 1919 1913 114 | 117 |i 176 ! 161 Ij 88 j| 81 ] 82 ;| 119 j 137 87 |l 70 136 217 150 288 127 170 59 48 98 80 252 394 3,548 | 3,948 ! i 533 j 220 I 514 | 1,643 | 265 67 90,968 39,610 51,358 141 179 76 89,493 ' ; 38,788 i ' 50,705 158 ; 205 i 75 ! \ 77,600 42,796 34,804 188 | 231 23 24,019 ! 272,696 | 151,806 I 120,890 I 804 | 939 ! 81 I 514,782 242,531 272,251 648 809 442 81 115 90 I 128 ! 117 138 138 160 151 + 9.0 167 i+ 6.5 I; 65 66 || 115 133 :| 240 117 jj 209 279 I 114 123 j| 130 159 j 114 109 i| 116 147 59 | 44 | 82 | 69 I 158 39 155 96 + |+ I- 12.6 41.4 0.2 23.6 32 45 35 36 |+ 28.3 + 3.0 65 62 ! - 4.2 67 66 I - 0.3 60 53 I - 10.5 139 j - 41.0 138 135 149 146 130 128 62 69 106 121 288 281 123 | - 1.6 ! - 2.1 - 1.3 | + 12.1 + 14.5 -1.3 7,289 | 79.90 ; 6,981 I 81.12 i 5,254 49.48 1913 1921 86 ; 89 j 123125 234 ! 239 j 327 402 386 118 |— 4.2 392 + 1.5 32.77 31.97 I 25.76 1913 142 i 161 i 202 205 200 31.00 45.00 47.01 31.44 2.99 2.81 2.60 29.00 |i 44.60 |j 47.37 ! 30.84 ; 3.03 ij 2.79 I 2.60 1 24.60 34.00 36.49 23.91 2.18 2.11 1.60 1913 1913 1913 1913 1913 1913 1913 136 I 167 114 j 132 131 | 139 i 135 ! 155 126 127 125 | 127 106 ' 99 ! 205 211 197 172 175 171 179 197 204 165 174 173 180 200 176 168 172 i Six months' average, July to December, inclusive. 53850—23 6,081 1,460 i 183 179 154 162 181 158 157 139 163 169 146 172 «Eleven months' average, February to December, inclusive. -2.4 ! I- 6.5 jj - 0.9 i;+ 0.8 |!- 1.9 jj + 1.3 ;|- 0.7 jI 0.0 26 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). April, 1928. May, 1928. Corresponding month; April or May, 1922. INDEX NUMBERS. Percentage increase ( CUMULATIVE TOTAL THROUGH LATEST MONTH. v or decrease BASE YEAR OR Percentage increase 1923 1922 or decrease PERIOD. (-) 1922 cumulative 1923 from 1922. 1923 Apr. May. Feb. Mar. Apr. May. May from Apr. METALS—Continued. Finished Iron and Steel. Sheets, blue, black, and galvanized: Production short tons.. Shipments short tons.. Sales ; . . .short tons.. Unfilled orders short tons.. Total stocks short tons.. Unsold stocks short tons.. Steel barrels: Shipments barrels.. Production per ct. of capacity.. Unfilled orders barrels.. Structural steel: Sales (prorated)., short tons.. Sales perct. of capacity.. 254,808 253,563 183,904 577,969 140,044 24,470 260,006 218,743 778,535 1,292,728 278,059 212,748 730,139 1,284,970 889,165 242,624 176,200 551,139 364,075 141,781 94,853 23,397 22,177 245,125 50.1 556,801 234,440 225,372 46.3 42.2 493,098 410,477 202,500 81 142,500 202,500 58 81 + 66.0 + 76.0 1,257,740 + 41.5 397 139 127 180 79 132 521 163 167 231 90 122 520 149 147 131 84 125 438 152 162 172 80 127 419 1920 1920 1920 1920 1920 1920 108 103 188 57 91 611 128 124 125 53 85 + + + + - 2.0 9.7 31.9 4.6 1.2 4.4 785,108 1,134,151 + 44.5 1921 1921 2 1921 179 207 149 201 243 178 173 236 257 227 276 267 219 288 237 209 - 4.4 266 - 7.6 210 - 11.4 823,100 970,000 + 17.8 1913 1913 228 174 212 161 209 159 251 190 212 162 149 - 29.6 116 - 2 8 . 4 +373.0 +626.1 62 - 34.7 1920 1920 1920 23 I 4 9 | 178 18 i 12 92 245 15 71 183 18 78 + 97 207 13.4 11 - 37.5 - 13.2 1920 1920 1920 1913 47 58 24 300 47 56 29 174 168 239 18 74 175 248 24 405 167 236 22 93 163 229 24 21 1920 18 19 24 23 21 13 - 37 8 24.8 1919 10 6 6 7 11 4 - 59.0 755 + 39.8 + 53.9 7,405 + 43.7 1919 61 404,696 1919 118 | 116 1919 117 55 126 144 51 131 188 71 162 167 83 + 16.2 191 + 17.8 166 - 0.9 Iron a n d Steel P r o d u c t s . Locomotives: ShipmentsTotal number.. Domestic number.. Foreign. number.. Unfilled o r d e r s Total number.. Domestic number.. Foreign. number.. Freight cars: Orders, domestic number.. Ship construction: Vessel under construction. thous. of gross tons.. New vessels completed thous. of gross tons.. Stokers: Sales number.. Sales horsepower.. Steel furniture, shipments thous. of dolls.. Agricultural pumps: Shipments—Total thous. of dolls.. Pitcher, hand, etc number.. Power pumps number.. Tubular plumbing sales: Quantity number of pieces.. Value dollars.. 217 201 16 238 70 248 1,173 228 54 153 1,111 10 16 95 2,204 2,111 2,150 621 2,045 497 105 124 9,800 2,200 18,250 241 150 221 39 16 21 167 85,339 1,520 194 143 540 100,513 61,391 262,954 1,506 1,056 5,153 610,531 62,290 3,271 696,468 57,653 4,258 576,957 185,724 189,747 119,467 122,392 Copper a n d Brass. Copper: Production thous. of lbs.. 117,914 Exports thous. of lbs.. I 64,353 Wholesale price, electrolytic.. dolls, per l b . . j . 169 Brass faucets: j Orders received number of pieces.. | 566,558 Orders shipped number of pieces..! 703,457 124,785 59,010 .156 87,250 153 75,690 115 - 53 I 116 + - 2.5 3.1 12 9 77.6 + 14.1 - 7.4 + 30.2 52,893 3,291 - 35 7 - 35.5 92,048 j 294,643 62,891 | 319,881 . 132 ! 579,247 | + 9 6 . 6 1913 313,125 | j - 2.1 1913 1913 75 100 80 90 101 71 84 119 91 108 116 I 122+ 5.8 91 | 84 - 8 . 3 108 ! 99 - 7 . 7 512,395 681,483 - 9.6 - 3.1 Zinc Production Stocks, end of month Receipts, St. Louis Shipments, St. Louis Price, slab, prime western ..thous. of lbs., j ..thous. of lbs., j ..thous. of lbs..| ..thous. of lbs.. dolls, per l b . . | 93,732 17,952 28,851 17,498 .077 94,694 54,838 26,038 80,818 26,055 27,066 20,048 24,643 .071 .055 * Eleven months' average, February to December, inclusive. 251,352 93,219 122,463 463,408 + 84.4 113,174 ',+ 21.4 87,779 j - 28.3 1913 1913 1913 1913 1913 127 | 57 j 46! 90 147 95 27 99 98 ' 40 50 87 94 \ 130 ! 169 25 128 79 141 162 ; 164 + 0.8 22 ! 32 + 45.0 104 i 62 ! 94 ! - 9. 7 71 11+ 14.6 133 ; 121 I I - 7.8 27 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously i n the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at t h e end of this bulletin, f o r items marked with a dagger (+) detailed tables were given in the J u n e n u m b e r (No. 22). For detailed tables covering other items, see the last quarterly issue of t h e SURVEY ( N O . 21). April, 1923« Mav, 1928 Corresponding month, April or May, 1922 Per- ; cent-age ncrease (+) or de- ' crease ; (-) i curau- i lative i 1923 : from < 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 INDEX NUMBERS. BASE YEAR OR PERIOD, j 1 j i 1922 Percentage increase 1923 (+) or decrease (-) May from Apr. Apr. May. 148 104 Ill 220 194 170 - 12.4 110 89 • 130 192 176 118 - 32.9 Feb. Mar. Apr. May. METALS—Continued. Tin. I Stocks end of month Imports long tons 3,577 3,132 1,921 • thous. of lbs 16,802 11,272 8,490 ... - Wholesale price pig tin 463 dolls per lb 428 1913 53,197 72,033 + 35.4 i 1913 68 69 94 109 103 95 - 7 . 6 1913 I 178 185 203 199 179 179 + 0.3 + 38.7 1913 1 137 130 169 181 185 165 - 10 9 67,546 - 22.5 1913 282 372 215 271 301 192 - 36 1 32,281 - 18.5 1913 70 124 62 91 78 61 1913 116 126 185 193 188 168 - 10 8 8.3 1913 309 World visible supply f loncr tons 22 116 22 187 22 910 Domestic consumption t long tons 6,775 6,035 4,740 10,518 20,344 87,114 10,856 39,590 23,255 32,254 Lead. Receipts St. Louis thous. of lbs . 16,470 Shipments, St. Louis thous. of lbs . 6,814 5,304 i Wholesale price, pig, desilverized, dolls, per l b . . .083 .074 .055 -22.2 FUEL AND POWER. Coal and Coke. | Production: Bituminous coal thous. of short tons.. 42,504 46,076 20,501 165,025 227,730 + 38.0 1913 | 40 51 106 117 107 116 + Anthracite coal thous. of short tons.. 8,0(33 8,573 35 21,838 42,022 4- 92.4 1913 | 117 106 112 thous of short tons 1,776 1 829 432 2,737 8,314 i +203. S 1913 (3) 15 102 Beehive coke (3) 19 53 62 63 65 By-product coke thous. of short tons.. 3,206 3,32S 2,537 10,599 15,700 + 48.1 1913 210 240 205 307 303 314 + 6.3 + 3.0 + 3.8 mills, of kw. hours.. 4,473 4,630 3,824 18,513 22,910 + 23.8 1919 111 118 133 146 138 143 thous. of long tons.. 327 568 1 930 1921 104 72 4 6 12 21 Bituminous thous. of long tons . 1,385 2,249 i 340 3,700 6,752 + 82.5 1909-13 65 31 73 111 120 205 Anthracite thous. of long t o n s . . 422 446 ! 61 9G4 1,954 + 102.7 1909-13 38 21 115 139 147 155 + 62.4 + 5.7 Coke thous. of long t o n s . . 202 163 22 137 612 +340.7 1909-13 38 30 97 134 277 223 - 19.3 dolls, per short t o n . . 4 89 4 39 4 70 1913 164 214 222 222 222 200 — 10.2 dolls, per short t o n . . 2 79 2 66 3 10 1913 182 252 292 258 227 216 - 4 . 7 dolls, per long t o n . . 10. 62 10.63 1913 201 200 200 200 + 0.1 5.15 6.00 1913 183 (*) 246 200 0.31 292 300 259 211 - 8 84 8 81 8 68 1913 182 180 224 207 184 183 ! - 0.3 13 67 13.67 13 14 1913 189 189 214 203 196 196 0.0 281 252 299 260 I Public-utility electric power Storage, anthracite + 3.5 + 73.7 Exports: Wholesale prices: Bituminous— Kanawha, f. o. b . Cincinnati Mine average Anthracite, chestnut, N Y Co1re Connellsville dolls per short ton (<) 18.4 Retail prices: Bituminous, Chicago, .dolls, per short t o n . . Anthracite, chestnut, New York dolls, per short t o u . . Petroleum. Crude petroleum: Production Storks end of m o n t h thous. of b b l s . . thous of bbls Stocks, end of m o n t h days' supply.. Consumption thous of bbls 5S,133 5 264 627 6 61,962 5 273 157 46,456 221,080 270,107 + 24.6 143 149 158 55 698 56,674 48,571 221,178 277,583 1913 216 224 234 271 1913 225 235 243 247 1919 149 136 124 120 123 128 + 25.5 1913 188 223 228 264 255 260 + + ',+ + 247 093 6.6 3.2 4.2 1.8 . . thous. of bbls . 4 905 4,581 14,018 64,855 27,421 - 57.7 1913 786 945 294 394 335 309 - 7 . 7 Shipments from Mexico thous. of b b l s . . 12,682 12,297 18,587 89,740 60,336 - 32.8 1913 S64 861 471 612 599 570 - 3.0 Price, Kansas-Oklahoma...dolls, per bbl._ 1 825 1 525 2 250 1913 241 241 185 198 195 163 - 16.4 Oil wells completed 1,521 1,871 1,511 6,570 6,942 + 5.7 1913 91 95 69 78 96 118 + 23.0 + 33.5 + 29.9 1919 1 143 156 172 191 188 192 1919 189 182 218 223 214 232 2,319,530 !+ 28.1 1919 135 174 130 151 176 203 + 2.0 + 8.4 + 19.4 1919 189 181 239 267 2S3 281 - Imports number.. Gasoline: Production thous. of a als . 619 043 631,705 513,659 2,301,703 3,073,924 Exports thous. of gals.. 05,055 71,153 55,824 254,671 330,787 Domestic consumption thous. of gals.. 487,837 582,554 j 499,242 1,810,856 Stocks, end of month thous. of gals.. 1 336 418 1,328,533 i 856,607 0.6 Kerosene oil: Production thous. of gals.. 181,948 189,177 173,824 Stocks thous. of gals.. 273 005 272,672 318,890 Production thous. of gals.. 976,760 966,166 936,742 Stocks thous. of gals. - 1,272,978 1,246,662 1,321,438 881,555 954,648 + 8.3 1919 97 89 92 98 93 97 + 4.0 1919 108 106 91 94 91 91 - 1919 125 147 142 153 154 152 | - 1.1 1919 167 172 166 163 165 162 - 2.1 1919 103 113 110 129 129 149 1919 1 147 140 148 146 145 140 0.1 Gas and fue oil: 4,196,687 4,805,762 + 14.5 Lubricating oil: Production thous. of gals. - 90,693 105,363 79,848 Stocks thous. of gals.. 234,700 226,2S9 220,293 •Index number less than 1. « No quotation. 6 6 369,021 451,377 + 22.1 1+ 16.2 - Does not include stocks of topped oil held at refinories; this omission reduced the January stocks by about 15,000,000 barrels. Revised. 3.6 28 TREND OF BUSINESS MOVEMENTS—Continued. N U M E R I C A L DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the J u n e number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY ( N O . 21). April, 1923. Mav, 1923. Corresponding month, April or May, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. I N D E X NUMBERS. Percentage increase { V or decrease (-) BASE YEAR OR PERIOD. cumulative 1923 from 1922. 1922 1923 060,318 606,531 700,082 5.2 036,091 4.9 Percentage increase 1928 1922 (+) or decrease (-) May Feb. Mar. Apr, May. from Apr. Apr. May. 1919 122 138 86 103 128 150 + 21.4 1919 105 119 92 100 104 123 + 19.0 PAPER AND PRINTING. u . , Wood Pulp. Mechanics : Production short Consumption and shipment.. .short Stocks, end of month short Imports short Chemical: Production short Consumption and shipment.. .short Stocks, end of month short Imports short tons.. tons.. tons.. tons.. 154,708 124,915 89,180 17, ISC 187,908 148,598 120,234 17,668 tons.. tons.. tons.. tons.. 175,291 171,601 55,2C4 70,401 116,719 118,023 111,712 1,475 107,197 144,C42 182,S67 1919 104 119 38 39 58 82 11,626 115,900 i 120,230 + 82.4 1909-13 72 71 169 153 104 107 + 2.8 183,591 181,253 49,229 72,932 K4,497 787,015 908,944 + 15.4 784,922 | 890,080 + 14.2 1919 93 102 109 118 109 114 + 4.7 1919 96 105 110 117 107 113 + 5.0 1919 99 92 95 96 103 92 - 10.9 51,058 327,142 439,011 i|+ 34.4 1909-13 255 202 383 322 270 2SG | + 3.0 138,868 136,979 115,143 1,496 129,950 130,043 81,352 2,576 562,912 562,065 401,624 12,085 626,944 625,365 535,678 7,218 121 !|+ 19.0 119 ||+ 16.1 629 !|+ 3.1 168,095 49,586 + 41.5 Newsprint Paper. Production short tons.. Shipments short tons.. Imports short tons.. Exports short tons.. I Stocks, end of month: I Total short tons.. j At mills short tons.. Jobbers short tons.. Publishers short tons.. In transit to publishers short tons.. Consumption short tons.. Prices: Contract, domestic dolls, per 100 lbs.. Contract, Canadian dolls, per 100 lbs.. Spot market, domestic. .dolls, per 100 lbs..! Book: Other Paper. Production short tons..! Stocks short tons..' Paperboard: | Production short tons.. j Stocks short tons.. I Wrapping: I Production short tons.. I Stocks short tons..! Fine: i Production short tons.. Stocks short tons.. | Total, all grades (including newsprint): Production short tons..! Stocks short tons.. i Exports (total printing) short tons.. Book publication: | American manufacture number..! Imported books number.. j Paper Boxes. + + + - 11.4 11.3 33.4 40.3 1919 113 100 113 102 1919 100 113 100 115 103 1913 422 444 489 613 610 1913 93 72 33 55 41 256, S21 20,832 8, 737 176,347 50,905 190,558 3.827 3.791 3.852 3.726 3.777 3.957 3.541 1919 3.501 3.548 93,390 36,871 97,221 40,614 82,574 39,491 179,744 52,300 199,939 56,107 176,790 65,702 78,559 43,403 85,348 44,015 71,494 70,906 331,023 32,507 37,889 35,196 40,957 30,129 36,985 140,963 605,490 230,181 2,535 659,025 245,872 2,629 596 216,438 1919 93 95 113 108 106 112 24,7S1 1919 104 104 97 84 79 87 5,438 1919 65 63 90 89 96 101 + 5.1 150,443 35,776 174,670 1919 98 97 111 107 107 114 + 6.6 827,240 373,844 473,281 + 26.6 7 7 640,019 589,971 2,126,444 285,729 17,004 3,893 346 46 917,315 + 10.9 2,672 467 787,187 + 23.0 411,199 + 24.2 170,170 + 20.7 7 2,543,432 + 19.6 12,785 - 24.8 3,127 + 17.0 436 - 6.6 + 6.0 + 10.4 1919 74 87 134 133 121 124 + 2.5 1919 124 123 116 134 138 134 - 2.5 95 100 101 103 100 - 2 . 6 1919 96 96 104 103 104 103 - 0 . 4 1919 83 83 90 90 92 + 2.7 1919 92 108 126 123 128 + 1919 118 125 199 117 128 + 10.2 1919 101 109 122 111 1919 128 121 116 123 + 11.2 103 | + 7.3 ! 1919 106 124 135 150 I 136 148 1919 125 130 79 ! 79 8.6 1.4 1919 96 105 113 123 113 123 S.3 1919 97 100 108 100 103 111 8.1 1919 102 114 119 128 119 120 110 (7) i 117 1919 96 103 1919 29 25 15 20 I 16 17 88 6.8 3.7 64 73 14.8 45 43 4.3 156 148 175 162 5.3 7.3 4.7 111 101 8.3 123 119 3.1 1913 74 43 78 1913 58 22 43 | I 101 I 4.1 42 i Corrugated board: Production (Container 120,972 510,528 785,447 + 53.8 Club) thous. of sq. ft.. 166,644 157,734 »1919 109 137 151 113 41,156 173,359 Production (Nat'l Ass'n)..thous. of sq. ft.. 135,539 125,640 1922 710,965 +310.1 184 45 53 215 86 82 64 Machinery activity per cent of normal.. Solid fiber board: Production (Container 56,287 Club) thous. of sq. ft.. 51,616 44,154 255,055 283,153 + 11.0 1919 109 112 103 27,116 Production (Nat'l Ass'n)..thous. of sq. ft.. 26,282 8,809 61,762 144,914 + 134.6 1922 67 117 164 Machinery activity—per cent of normal.. 78 76 74 Folding boxes: Production per cent of capacity.. 66.1 61.8 69.4 1921 151 121 151 148 'I New orders per cent of capacity.. 70.0 53.3 1921 134 186 154 146 1 Six months' average, July to December, inclusive. T Incomplete returns from manufacturers of paper board made the compilation of a March figure impossible. The total is not shown because the cumulative total for 1922, for purposes of comparison, exclude March. 1.4 II 242,331 18,876 8,314 165,455 49,686 195,510 519 92 42 !!+ 2.6 144 146 135 j 111 [ 6.2 24.0 of this omission and 29 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in i iie SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. 1 or items marked with a dagger (j) detailed tables were given in the June number (.No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21) Anril, 1923. May, 1923. Corresponding month, April or May, 1922." CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 INDEX NUMBERS. Percentage increase! (+) or decrease (-) cumulative 19^3 from 1922. 1922 YEAR OR PERIOD. Percentage increase 1923 (+) Apr. May. [ Feb. Mar. Apr. May. or decrease : (-; i A Pr- PAPER AND PRINTING—Continued. Other Paper Products. Labels: New orders per cent of capacity.. Rope paper sacks: Shipments, .index number.. Abrasive paper and cloth: Domestic sales reams.. Foreign sales reams.. 14.6 ! 86.4 ! 117,413 i 101,408 9,631 I 12,370 82.0 76,364 ! 6,8S5| 340,475 33,118 504,342 + 48.1 52,902 + 59.7 1921 «1921 192 96 1919 1919 107 84 186 ; 20S 242 103 ' 105 130 j , 129 112 154 I 113 126 I 75 214 ; 195 ii122 ; 135 :!+ j Jj 172 ! 149 ij105 I 135 :!+ 8.9 10.7 13.6 28.4 Printing. Activity, weighted Crude: index number.. Sept.,'20'• 88 95 ! 94 97 \ 99 ::- 3.1 RTTBBEK. Imports thous. of lbs.. Consumption by tire mfrs... thous. of lbs.. Wholesale price, Para, N. Y . .dolls, per lb.. Tires: ProductionPneumatic thousands.. Solid thousands.. Inner tubes thousands.. Domestic shipments— Pneumatic thousands.. Solid thousands.. Inner tubes thousands.. Stocks, end of month— Pneumatic thousands.. Solid thousands.. Inner tubes thousands.. AUTOMOBILES. Production: Passenger cars number.. Trucks number.. Shipments: By railroad carloads.. Driveaways number of machines.. By boat number of machines.. Internal-revenue taxes collected on: Passenger automobiles and motor cycles thous. of dolls.. Automobile trucks and wagons thous. of dolls.. Automobile accessories and parts thous. of dolls.. 80,107 i! 35,727 47,671 | 29,068 I .171 .249 69,447 38,348 .274 264,105 119,613 358,978 +35.9 196,035 + 63- 9 1913 1921 1913 ; 449 I 370 I 625 717 : 719 i 830 ;j+ 15.3 ; 135 j 162 191 232 | 214 ! 266 ij+ 24.3 !; 21 | 22 38 36 • 34 i 31 i|- 9.1 ; 132 150 ! 177 213 i 195 | 201 jj+ 3.4 ! 132 ! 163 213 226 ! 202 ! 219 | ; + 8.5 !• 117 ! 132 ; 179 216 189 191 + 1.4 3,539 71 4,260 3,660 ! 77 jl 4,318 ji 2,722 i 58 I 2,971 11,908 233 13,579 17,410 + 46.2 387 + 66.1 21,444 + 57.9 1921 1921 1921 2,976 72 3,536 2,75S 67;; 3,414 | 2,639 61 2,939 9,959 231 10,951 14,640 + 47.0 341 + 47.6 17,528 + 60.1 1921 1921 1921 110 138 j 136 174 I 156 I 119 [ 138 j 144 175 i 165 102 i 12S ;| 131 167 154 261 8,394 6,907 268 9,292 5,523 171 7,190 1921 1921 1921 130 i 131 124 : 75 74 117 !; 158 I 157 148 ;. 344,474 • 37, 527 6 350, ISO 42,983 6 «44,977 59,522 6 4,869 46,075 60,550 12,050 5,621 12,079 6 713 1,216 j ;! 232,431 | 773, 470 1,491,434 + 92.8 156,295 + 76.6 23,788 i 88,502 1919 143 1919 85 206,799 + 62.2 256,355 + 198.9 20,469 + 82.0 1920 |j 1920 j; 1920 ii 39,389 + 94.7 1920 « 33,416 • 127,496 e 28,827 ; 85, 777 6 7, 406 11, 249 6,834 ; 981 20,229 3,053 4,163 + 36.4 145 !|- 7.3 153 ;i- 8.2 149 j;'- 3.5 135 j 144 ' 164 + 13.5 115 113 116 I + 2.7 169 : 184 : 203 ! -f- 10.7 83 254 + 1.6 162 | + 14.5 171 73 j 109 63 ! 158 ! 19 212 ; 215 ! 220 i + 2. 4 160 152 i 154 ! + 1.7 41 ! 104 256 i| + 147.5 168 Ii 90 ii 184 231 ! 249 131 i 142 50 ! 160 | 57 I 116 ! 81 1920 58 i 78 i 56 173 I + 114.9 ; i! 57 ; 56 i 96 !j+ 70.5 3,394 3,504 2,684 | 11,725 j 16,995 + 44.9 82 1920 63 1919 79 I 82 ;' 82 79 ! 80 82 ii+ 3.2 GLASS AND OPTICAL GOODS. Bottles, production index number.. Illuminating glassware: Net orders per ct. of capacity.. Actual production per ct. of capacity.. Shipments billed per ct. of capacity.. Spectacle frames and mountings: Sales (shipments) index number.. Unfilled orders (value) index number.. 52.4 55.7 54.8 58.3 56.6 51.3 45.5 |. 45.3 j. 41.1 L M921 9 1921 9 1921 :i 79 90 — 107 123 |j 188 151 143 159 ;+ 11.2 154 , 156 ;j+ 1.3 120 * 125 || 154 143 152 , 154 ! 144 | j - 6.5 115 ! • i1 1919 257 44 259 j! 351 439 454 i 445 j 92 i 97 j 99 + 37 |! 93 1913 1913 1913 1914 168 172 165 152 173 176 167 157 1913 1.1 2.0 2.1 BUILDING AND CONSTRUCTION. Building Costs. Building materials: Frame house, 6-room Brick house, 6-room Building costs Concrete factory costs index index index index number.. number.. number.. number.. •Revised. »Twelve months' average, May, 1921, to April, 1922 8 Twelve months' average, July, 1921, to June, 1922. 53850—23 5 198 201 205 197 209 209 214 197 i ! j ; 206 209 , 217 , 204 , 212 214 221 204 |,+ 2.9 j + 2.4 |,+ 1.8 l! 0.0 30 TREND OF BUSINESS MOVEMENTS—Continued. I | Per! cfentage increase CUMULATIVE TOTAL : ( + ) THROUGH or deLATEST MONTH. ,; crease (-) , cumui lative 1922 1923 ! from NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found ai the end of this bulletin. For items marked with a dagger (t) detailed tables were given in the juiie number (.No. 221). i'or detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. -i). April, 19*23. May, 11)28. Corresponding month, April or May, 1922. If INDEX NUMBERS. UASE YEAR OR PERIOD. 1923 1922 Apr. Percentage tn! crease (+) ordecreas c (-) May Apr. ; May.from Apr. May. || Feb. ! Mar. : 1922. I BUILDING AND CONSTRUCTION— Continued. Construction and Losses. Building volume index number.. Contracts awarded, floor space: Business buildings thous. of sq. ft.. Industrial buildings thous. of sq. ft.. Residential buildings thous. of sq. ft.. Educational buildings thous. of sq. ft.. Hospitals and institutions, thous. of sq. ft.. Public buildings thous. of sq. ft.. Social and recreational buildings thous. of sq. ft.. Religious and memorial buildings thous. of sq. ft.. Grand total thous. of sq. ft.. Contracts awarded, value: Business buildings thous. of dolls.. Industrial buildings thous. of dolls.. Residential buildings thous. of dolls.. Educational buildings thous. of dolls.. Hospitals and institutions.thous. of dolls.. Public buildings thous. of dolls.. Public works and utilities, thous. of dolls.. Social and recreational buildings thous. of dolls.. Religious and memorial buildings thous. of dolls.. Grand total thous. of dolls.. Southern construction thous. of dolls. Fire losses thous. of dolls. 1913 150 179 105 195 160 ! 171 1 + 1919 ' 113 40 157 380 235 145 76 40 157 112 322 i 208 320 j! 188 64 279 || 107 60 195 214 318 159 103 j 47 I 194 j 305 ] jj 188 ji 107 130 i 137 | 138 :!+ 0.4 I; 143 201 139 1919 1919 1919 1919 1919 1,736 1,743 1,270 : 64,527 | 1,062 60,430 1,952 59,639 4,923 : 230,064 ; 107 47 .0 1919 113 4,252 - 13.6 270,435 \,+ 17.5 1919 246 1919 125 | 204,505 [- 10.7 158,966 j + 54.5 689,2S6 I; + 26. 1 118,732 22,684 - 32.0 6,729 - 9.5 235,910 ; + 2.1 1919 174 i 170 ' 92 57 j 56 64 440 jj 128 !' 45,322 ! 53,133 ji 24,913 47,557 163,476 l 148,773 35,822 | 24,346 5,015 ; 3,996 1,431 ; 1,461 60,926 76,284 11,609 8,931 357,475 62.045 32,638 57,515 j 228,920 ; 23,893 i 102,903; 140,933 I 546,418 ! 120,396 | 32,925 33,351 | 8,437 7,425 ! 2,506 230,993 ! 63,81 1919 1919 187 | 199 1919 ! 369 i 331; 1919 202 ; 258 1919 123 j 224 1919 180 153 11,638 20,260 I 48,102' 46,834 1 - 2.6 1919 134 ! 6,947 11,966 \ 33,383 ; 28,089 - 15.9 1919 265 374,400 j| 362,590 ! 1,353,182 ! 1,512,664 + 11.8 52,993 i 150,458 | 198,987 + 32.3 1919 1 164 j 169 ! 34,016 I 29,869 i 168,757 | 1921 106 :+ 2.1 69 |+ 47.2 170 - L IS. 4 206 |- 32.5 183 '; 138 I- 24.4 153 ! 156 ! - 18.2 286 ; 239 |- 16.4 138 ! 129 ||- 6.3 134 130 S7 ! 58 143 232 231 222 226 ! 360 ISO 154 152 133 71 128 102 146 72 1 157 + 17.2 111 + 90.9 210 |- 9 . 0 244 - 32.0 122 |- 20.3 131! + 2.1 182 ! + 25.2 125 133 167 167 + 0.2 383 I| 107 197 222 - 22.2 107 165 , 166 174 4.7 193 ! 212 i 1 3 1 2 4 1 • 225 138 ! 133 ; 191 184 ! 146 152 | + 4.2 + 10.9 1919 2,250,697 ;+ 8.6 1917 94 ! 1917 So i 187,200 291, 6.9 Lumber. Southern pine: Production (computed) M ft. b. m. 428,471 478,576 477,898 2,073,300 Stocks,end of mo (computed1!.M ft. b. m. 1.056,358 1.010,591 1,111.878 i Price, ltB" and better dolls, per M ft. b. m.. 51.69 53.53 : 42.48 Douglas fir: Production (computed) M ft. b. m.. 539,871 ; 521,070 I; 464,686 2,043,185 Shipments (computed) M ft. b. m . . 568,074 ; 534,972 || 487,518 1,972,006 Price, No. 1 common.dolls, per M ft. b. m . . 21. 50 I 21. 50 |j 13. 50 : California redwood: 47,855 67,938 Production (computed) Mft. b. m . . 63,162 229,179 52,744 57,326 Shipments (computed) Mft. b. m . . 52,378 ; 204,366 55,336 Orders received (computed).. .M ft. b. m . . 43,347 62,945 ! 232,. 791 California white pine: Production M ft. b. m . . 144,244 91,929 60,951 ; 117,035 Shipments M ft. b. m . . 54,414 37,878 ; 149.115 68,019 Stocks M ft. b. m . . 328,640 405,835 223,196 Michigan softwood: Production M ft. b. m . . 5,505 I 9,180 j 30, 628 9,832 ! 35, 609 Shipments M ft. b. m . . 9,551 ' 10,949 I 9,546 i Stocks, end of month M ft. b. m . . 42,980 i 41,100 48,807 \ Michigan hardwood: Production M ft. b. m . . 13,047 ; 18,281 67,042 14,479 ! Shipments Mft. b. m . . 15,538 | 13,253 51, 297 11,806 Stocks, end of month M ft. b. m.. 100,329 | 102,970 130,444 •. j i Western pine: Production (computed) M ft. b. m . . 6 175,232 ! 193,251 160,087 | 411,960 Shipments (computed) M ft. b. m . . •131,040 | 150,765 162,776 583,474 778,475 I. Stocks,end of mo. (computed).M ft. b. m.. • 779,652 j 824,482 I • Revised. 113 81 i i 94 101 77 114 81 113 + 11.7 1913 180 • 184 I 2,404,442 I/ + 17.7 1917 121 ! 2,676,597 ; + 35.7 1917 136 ; 1913 12o ' 147 212 | 236 ! 236 | 236 i 256,537 '+ 11.9 1918 126 117 160 i 128 267,405 ',+ 30.8 1918 126 j 183 ! 185 216 i 185 292,641 jj + 25.7 191S 1 4 8 • 219 | 208 i 233 ; 326,432 lj + 178.9 1918 270,003 !!+ 85.1 1918 103 ' 119 !: 139 1918 108 ; 1917 51 j 57 i 1917 46 ! 54 ' 1917 47 I 46 18.4 1917 48 | 5 2 jj 49.2 1917 34 ; 38 ; 1917 57 5 8 j:. 1917 99 ; 36 i 221 230 232 224 i - 3. 4 133 i; 116 148 155 I 149 - 3 . 5 151 ; 149 I 182 : 176 I 166 j - 5. 8 116 ;! 43 84 I; 139 0. 0 181 + 42.0 201 + 8.7 151 193 + 27.7 75 i 175 274 + 56.9 176 | 171 213 + 25.0 126 ! 124 153 + 23.5 i 33, 465 j + 9.3 40,004 j + 12.3 i I 79, 374 76, 552 + : 615,912 .+ 49.5 672,021 1 + 15.2 1917 1920 120 91 ! I; 146 147 32 33 46 56 43 47 35 ! 52 54 46 54 I 114 106 j 131 87 j 84 32 62 40 53 + 66.8 54 - 12.8 39 - 4.4 47 | 66 + 40.1 49 I 42 - 14.7 45! 46 + 2.6 160 119 88 177 + 10.3 137 + 15.1 93 + 58 31 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE—Items marked With an asterisk (*) have not been published previously in the SURVEY or ate repeated for special reasons; detailed tables covering back figures for these items Will be found at the end of this bulletin. Fot items marked with a dagger (t) detailed tables were given in the Jline number (No; 22), For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21); Correspond5ing month, April or May, 1922. April, 1923. CUMULATIVE TOTAL THROUGH LATEST MONTH. INDEX NUMBERS. Percentage increase, (+) or decrease (-) cumulative 1923 from 1922. BASE YEAR OR PERIOD. 1922 Percentage increase 1923 (+) or decrease ft Apr. May. Feb. Mar. Apr. May 1922 1923 62,990 57,890 252,840 231,630 240,170 - 5 . 0 261,660 + 13.0 1919 1919 158 156 68,252 58,428 196,273 195,148 230,971 + 17.7 239,602 + 22.7 1920 1920 129 97 18,115 9,986 61,775 38,420 59,815 + 15.5 65,568 ! + 70.7 1920 1920 140 138 24,793 21,913 79,084 68,762 28.9 35.6 1913 75 | 24,11? 1913 78 I 45,700 40,366 29,404 27,228 123,161 103,803 180,711 + 46.7 147,472 + 42.1 1913 1913 104 109 155 173 j 161 107 110 114 160 ! 159 703,277 686,636 1913 76 85 1921 90.5 58.2 from Apr. AND C O N S T R U C T I O N Continued. Lumbef— Continued* Ndrth Carolina pine: Production (computed) M ft. b. rii.. Shipments (computed)........M ft. b. m . . Northern pine: Lumber— PfOductiOn. . . . . . . , „ . . , . . , .M ft. b. ffl.. Shipments . . . . . . . . . . . . M ft. b. m . . LathPVoductiOn . . . . . . . . . . . . M ft. b ; ffi.. ghipments; M ft. b. m. Ndrthern hemlock: Production M ft. b. m. Shipments Mft. b. m. Northern hardwood: ...Mft. b. m.. Production ...Mft. b. m. Shipments Exports: Planks, scantling, joists.... ...Mft. b. m. Composite lumber prices (1st of following month): Hardwoods dolls, per M ft. b. m. Softwoods dolls, per Mft. b. m. Flooring. Oak flooring: .Mff. b . m . . Production .Mft. b. m.. Shipments .Mft. b . m . . Orders booked .Mft. b.m.. Stocks, end of month Unfilled orders, end of month.. M. ft. b. m.. Maple flooring: Production M ft. b. m . . Shipments M ft. b. m . . Orders booked M ft. b. m . . Stocks, end of month M ft. b. m . . Unfilled orders,end of month..M ft. b. m . . Furniture: Shipments value, average per firm.. Unfilled orders.. .value, average per firm.. 101,904 93,193 141,630 152,927 135,953 49.86 36.62 49.26 36.27 39.10 30.76 30,706 32,068 25,298 23,749 57,356 34,636 I 32,009 ; 22,677 ! 26,816 j 49,548 j 21,914 25,251 30,608 23,534 40,417 98,717 101,593 113,707 11,401 15,181 19,060 10,924 36,722 12,069 j 610,031 12,999 i 613,725 19,131 | «30,215 8,034 | 618,387 34,578 | 625,109 49,039 51,245 59,768 37,153 64,540 40.390 : 53,840 j 20,900 20,944 127,522 67,242 ! 66,299 | 53,086 | 107,352 ; 46,794 44,120 152,259 51,041 45,300 16,684 ' 17,995 i 42,297 | 12,233 10,704 37,845 44,427 | 26,057 60,939 \ 57,3(3 29,421 ! i 20.00 ! 8,79 ! 29,264 C3,S67 47,572 29,202 93,540 | - 2.4 1920 149,472 j!+ 51.4 148,234 |+ 45.9 151,211 ; + 33.0 155 180 120 152 180 212 153 168 84 96 105 124 117 101 171 111 I 271 129 147 - 184 + 48.9 102 + 18.8 124 196 226 226 72 79 + 58.2 + 0.3 + 8.0 93. 6 [116.2 120.2 J119. 3 117.9 62.0 I 72.8 74.5 I 73.8 73.1 ' - 306 417 16.9 12.2 1.2 1.0 1913 1913 1913 1913 1913 298 370 491 296 4G2 328 420 501 261 557 1919 1919 1919 1919 1919 94 88 217 98 48 100 I 113 96 116 165 196 113 130 105 66 187,695 + 47.2 1920 1920 58 IS 195,670 182,616 319,224 !i+ 63.1 312,990 | + 71.4 207,153 351,076 1919 1919 1919 1919 1919 82 76 108 89 42 111 92 105 87 110 131 99 48 | 131 ! 139 115 193 126 127 129 114 130 129 133 + 4.0 131 + 1.6 114 + 0.7 103 - 20.3 115 - 11.0 1919 1919 1919 70 75 87 87 | 103 76 j 103 91 | 109 119 127 107 99 103 101 119 128 101 1919 1919 1919 o 1920 199 118 171 188 173 209 102 ! 147 ! 208 i 217 I 186 226 I 98 i 1G0 ! 1913 1913 255 173 302 177 305 177 61,076 |+ 24.5 68,132 |+ 33.0 77,793 11-I- 30.2 67 21 548 281 785 83 51 483 582 C49 281 908 j j j j 460 534 414 2C4 791 519 533 372 298 683 + 12.8 - 0.2 10.4 + 12.9 - 13.6 123 114 120 + 5.9 129 i 128 110 - 14.4 150 ! 123 124 + 0.4 57 - 20.5 129 77 90 - 5.8 111 105 ; 100 42 + 8.7 - 16.6 Brick. Clay fire brick (computed): 64,647 Production thousands.. 65,276 Shipments thousands.. Stocks, end of month thousands.. 157,685 66,613 New orders thousands.. Unfilled orders thousands.. 120,564 gilica brick (computed): 13,981 Production thousands.. 14,363 Shipments thousands.. 42,242 Stocks, end of month thousands.. Face brick (32 identical plants): 23,515 Production thousands.. 65,447 Stocks, in sheds and kilns thousands.. 67,371 Unfilled orders thousands.. Shipments thousands.. j 26,423 Prices: | 20.00 Common red, New York, .dolls, per thous.. 8,79 Common salmon, Chicago.dolls, per thous.. e Revised, 158,8G4 I 44,535 I 76,310 j + 71.8 78,861 ij + 77.1 j 19.81 8.73 + 09.5 ! + 19.3 + 25.3 + 0.1 ! 108,737 •+ 16.2 • ! 86,2C3 : us 110,975 + 28. G | *Q Ten months' average, March to December, inclusive. 150 192 245 189 305 305 175 178 1G7 179 208 211 305 178 + \\!|i+ 10.8 6.9 14.9 11.3 0.0 0. \\ 32 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). Ar>ril, 1923. May, 1928. Peri centage increase CUMULATIVE TOTAL (+) or deTHROUGH crease LATEST MONTH. (-) • cumui lative 1923 1922 192S from 1922. Corresponding month, April or May, 1922. [I INDEX NUMBERS. BASE YEAR OR PERIOD. 1922 1923 Apr. May. Feb. Mar. ; Apr. May. Percent age increase (+) or decrease (-) May from Apr. BUILDING AND CONSTRUCTION— Continued. Cement. Production thous. of bbls.. Shipments thous. of bbls.. Stocks, end of month thous. of bbls.. Price, Portland dolls, per b b l . . Concrete paving contracts: Total thous. of sq. y d s . . Roads thous. of sq. y d s . . Sanitary Ware. Baths, enamel: Orders shipped S tooks Orders received Lavatories, enamel: Orders shipped Stocks Orders received Sinks, enamel: Orders shipped Stocks Orders received Miscellaneous enamel: Orders shipped Stocks Orders received Unfilled orders:* Baths Small ware J 35,673 34,559 49,938 + 40.0 48,919 + 41.6 1913 1913 1913 1913 120 116 129 148 146 172 115 148 105 81 120 173 129 I 148 140 I 175 116 102 173 173 10,852 8,271 37,788 30,408 31,713 I - 16.1 30.4 21,149 1919 1919 255 265 244 241 141 138 128 109 105 132 212 + 28.0 175 + 31.8 82,100 47,694 150,475 320,473 432,374 i|+ 32.4 429,410 J 554,788 |:+ 29.2 1919 1919 1919 226 143 154 237 113 215 240 95 186 267 100 167 241 81 144 254 |j + 5.7 78 | | - 4.5 107 - 25.9 91,704 103,242 50,429 j 39,481 13G,587 98,272 107,708 I 433,930 474,407 !|+ 9.3 192,546 ! 575,732 709,700 j | + 23.3 1919 1919 1919 222 75 188 235 50 262 182 40 212 229 36 201 200 36 186 220 + 12.6 28 - 21.7 133 - 28.1 97,834 50,628 132,830 109,377 440,583 I 533,211 | j + 19.4 587,485 749,346 !i + 27.6 1919 1919 1919 181 107 100 200 82 222 182 48 190 210 49 109 179 40 151 193 + 7.4 38 i - 4 . 4 118 - 21.9 219,235 261,232 ||+ 19.2 1919 1919 1919 174 107 153 178 97 192 158 62 180 199 68 1G1 182 67 148 195 + 7.0 60 - 11.1 144 - 2.4 1921 1921 164 159 358 j 714 338 I 771 732 818 749 851 701 - 6 . 4 825 - 3.1 75 25 85 106 71 I i 114 120 147 j I 49 46 62 I 159 I 148 209 || 71 j 105 83 i2l 125 ] 153 155 140 72 183 119 146 87 88 85 70 88 90 90 70 11,359 12,954 11,463 1.75 12,910 14,257 10,144 1.75 11,176 12,749 12,893 7,370 4,550 9,431 5,997 number.. number.. number.. 83,281 34,308 100,644 88,005 32,771 74,585 number.. number.. number.. number.. number.. number.. 105,076 48,378 103,781 1.50 i ! 78,002 j || 102,747 195,533 I 168 193 90 173 + -I[_ j| 13.7 10.1 H.8 o.O i number.. number.. number.. 51,618 53,594 61,827 55,234 47,050 60,354 50,044 I 77,788 80,341 n u m b e r . . 305,731 286,078 number.. 1,100,340 1,006,772 H I D E S A N D LEATHER. Hides. Imports: Total hides and skins Calf skins Cattle hides Goat skins Sheep skins Stocks, end of month: Total hides and skins Cattle hides Calf and kip skins Sheep and lamb skins Prices: Green salted, packer's heavy native steers Calfskins, country No. 1 thous. thous. thous. thous. thous. thous. thous. thous. thous. of lbs.. of lbs.. of l b s . . of l b s . . of l b s . . 63, 200 4,234 40,024 6,839 8,182 of l b s . . 373,023 of lbs., j 300,392 of lbs..! 49,444 of l b s . . 23,187 j j dolls, per l b . . ! .188 dolls, per l b . . . 166 60,151 4,890 35, 150 9,783 7,703 38,118 I 163,420 j 11,582 I 2,624 I 19,907 1 90,383 I 7,228 33,937 i 6,375 j 20,179 1 283,125 20,196 167,196 39,946 39,972 jj+ ;;+ ;!+ ;!+ j:+ 73.2 74.4 85.0 17.7 98.1 380; 839 i 339,977 261,935 \ 305, 218 52, 637 ; 50,187 \ 22, 984 : 27,855 .187 j .171 .146 .134 Leather. Production: Sole leather thous. of bks., bends, sides. .j6l ,680,810 1,677, 676 ' Bl,357,147 7,422,632 8,160,373 38,706 Skivers doz.J 12 1238,706 39, 478 Oak and union harness stuffed sides. J 12 32,801 136, 530 Finished sole and belting thous. of lbs. J 28,998 ! 29, 772 22,576 ! 121,953 j 142,328 + 16.7 Finished upper thous. of sq. ft..! 80,936 82, 164 67,275 356,344 ! 414,054 + 16.2 Stocks, end of month: j Sole and belting thous. of lbs.. j 164,851 ! 165, 862 196,639 . Upper thous. of sq. ft..' 391,665 | 395, 660 452,651 !. 1909-13 1909-13 j 1909-13 I 1909-13 1909-13 1921 1921 1921 1921 80 79 80 90 1913 1913 73 89 39 104 88 79 j 77 86 85 108 1919 1919 1919 1921 1921 72 I 72 107 107 99 95 87 115 116 1921 1921 103 113 ! 77 I 105 91 159 ! 181 117 ] 122 99 I 116 135 ! 153 102 I! 85 I 107 I 92 i 102 + + - 4.8 15.5 12.2 43.0 5.8 + 2.1 + 1.6 + 6.5 - 0.9 101 - 0.5 90 + 3.0 90 - 0 2 + 2.0 112 i 115 + 2.8 i 113 ! 116 + 1.7 140 I 142 + 2.5 166 i 169 85 86 + 0.6 93 I 94 + 1.0 « Revised. 11 Eight months" average, May t o December, inclusive. 11 Not exactly compa'able with monthly figures prior to July, 1922. The index numbers have been computed by chain relatives and take account of the percentage variation rather than th.2 absolute variation in figures , and hence show the trend of the movement irrespective of the change in the number of firms reporting. 33 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY ( N O . 21). April, 1923. May, 1923. Corresponding month, April or May, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 INDEX NUMBERS. Percentage increase, (+) or decrease (-) cumulative 1923 from 1922. BASE YEAR OR PERIOD. 1922 Percentage increase 1923 (+) or decrease Apr. May. Feb. Mar. Apr. May. May from Apr. 100 100 4-0.8 — 1.4 H I D E S AND LEATHER—Continued. Leather—Continued. Stocks, in process of tanning: Sole and belting thous. of l b s . . Upper thous. of sq. ft.. Exports: Sole thous. of l b s . . Upper thous. of sq. ft.. 111,084 164,116 161,846 1,071 7,341 6,174 111,983 1,710 99,609 164,434 1921 1921 2,450 7,981 6,977 32,635 7,186 + 3.0 32,577 - 0 . 2 1913 1913 373 615 1,364 2,274 1,975 4- 44.8 3,645 60.3 1919 1919 132,100 2,145 159,565 4- 20.8 3,189 48.7 1919 1913 90 104 90 100 100 100 100 101 4- 59.7 - 15.9 Leather Products. Belting sales: Quantity thous. of l b s . . Amount thous. of dolls.. Boots and shoes: Production thous. of pairs.. Exports thous. of pairs.. Wholesale p r i c e s Men's black calf, blucher dolls, per pair.. Men's dress welt, tan calf, St. Louis.. .dolls, per pair.. Women's black kid, Goodyear welt, St. Louis...dolls, per pair.. 495 923 70 31,868 759 30,816 788 26,227 515 6.50 6.50 6.50 1913 209 4.85 4.85 4.60 1913 4.25 4.25 4.15 110 65 130 73 115 90 3.3 112 94 4 - 3 . 8 209 210 209 209 209 0.0 145 145 153 153 153 153 0.0 1913 140 138 142 142 142 142 0.0 1920 1920 1920 1920 61 65 58 106 128 131 120 91 112 116 109 105 114 122 112 95 1909-13 1909-13 118 60 149 81 200 105 281 119 228 CHEMICALS. Production: Acetate of lime thous. of l b s . . Methanol gate.. Consumption, wood, carbonized cords.. Stocks, wood, at chemical plants cords.. Imports: Potash long tons.. Nitrate of soda long tons.. Exports: Sulphuric acid thous. of lbs.. Dyes and dyestuils thous. of dolls.. Total fertilizer long tons.. Price index numbers: Crude drugs index number.. Essential oils index number.. Drugs and Pharmaceuticals index number.. Chemicals weighted index number.. Price, sulphuric acid 66° N. Y dolls, per 100 l b s . . 13,575 738,059 [ 82,869 53,373 1,877,398 200,673 43,775 7,390 416,112 59,582 4- 78.5 3,276,193 4-74.5 363,427 + 81.1 746,626 25,077 10,005 98,577 107,329 369 906 574 579 98,236 104,641 .71 .75 12,585 64,130 97,777 146,103 97,579 522,406 2,148 307 158,149 6,497 2,146 430,693 3,372 - 48.1 2,658 4- 23.9 433,488 4 - 0 . 6 - 0 . 2 4-257.6 1909-13 1909-13 1909-13 47 - 60. 249 4- a9 71 114 324 350 148 4-145.5 60 1,194 1,061 1,784 2,034 1,985 2,000 4 - 0 . 9 70 87 101 4 - 6 . 5 84 153 95 1914 1914 177 177 135 239 125 253 128 253 134 244 - 3 . 6 137 4 - 2 . 2 1914 1914 117 158 116 159 132 176 133 178 132 180 132 180 0.0 1913 84 70 70 71 75 4-5.6 107 49 224 +109.8 + 19.0 0.0 NAVAL S T O R E S . Turpentine (3 principal ports): Net receipts Stocks Rosin (3 principal ports): Net receipts Stocks barrels.. barrels.. 16,267 34,130 15,312 18,224 barrels.. barrels.. 65,058 105,626 202,391 211,063 thous. of l b s . . thous. of lbs.. 5,661 3,144 64,452 thous. of l b s . . thous. of lbs.. 18,033 28,659 4,601 55,393 93,019 251,823 294,845 333,740 4- 13.2 1919 1919 79,698 3,373 65,851 40,556 310,552 29,874 - 26.3 311,140 4- 0.2 18,454 13,930 12,765 60,687 70,796 78,384 4- 29.2 96,564 4- 36.4 72,068 4- 30.1 1919 1919 188 15 94 104 127 166 126 83 141 87 111 116 101 189 + 62.4 105 + 4.3 1913 1913 16 301 12 308 23 256 18 229 19 301 11 - 44.5 373 + 23.7 1913 1913 115 115 115 108 154 166 171 166 154 152 156 F A T S AND OILS. Total vegetable oils: Exports Imports Oleomargarine: Production Consumption 18,606 + 2.3 u TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. >JOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. Mav, 1923. Arjril, 1923. 21). CUMULATIVE TOTAL THROUGH LATEST MONTH. Correspond- ing •IXlOIllil, A rvril April or May, 1922. I N D E X NUMBERS. Percentage increase 1922 (+) or decrease (-) cumulative age inBASE YEAR OR PERIOD. 1922 1923 crease (+) 1923 from 1922. 1923 Percent- Feb. Apr. May. or decrease (-) May Mar. Apr. May. from Apr. FATS AND OILS—Continued. Cottonseed. Cottonseed stocks Cottonseed oil: Stocks Production Price, New York tons.. 64,752 23,098 23,380 thous. of lbs.. thous. of lbs.. dolls, per lb.. 37,484 24,196 40,356 20,176 304,342 .117 .117 23,704 12,858 .117 486 398 290 1,251 1,919 55 238 87 434 547 368,397 1919 9 5 59 31 13 5 1919 33 25 87 63 39 25 — 35.4 1919 22 12 91 56 37 18 -50.0 1913 158 162 150 163 162 162 0.0 + 53.4 1913 27 4 33 7 52 42 1913 21 4 31 _j_ 26.0 5 23 + 21.0 - 64.3 Flaxseed. Receipts: Minneapolis thous. of bushs Duluth thous. of bushs Shipments: Minneapolis thous. of bushs Duluth thous. of bushs Stocks: Minneapolis thous. of bushs Duluth thous. of bushs.. Linseed oil: Shipments from Minneapolis, thous. of lbs.. Linseed-oil cake: Shipments from Minneapolis, thous. of lbs.. s — 18.1 ! | +332. 7 I 62 29 45 465 353 — 24.1 1913 26 163 147 542 634 + 17.0 1913 9 60 68 1913 9 14 81 1913 8,661 9,845 7,952 34,358 45,041 + 31.1 1913 15,930 10,011 4,452 48,995 72,091 + 47.1 1913 14,396 14,267 67,853 29,070 25,474 64,855 60,032 - 1913 86 120 102 1913 173 132 264 + 13.8 + 6.7 1919 50 92 69 69 70 1919 54 128 54 68 63 + 41.2 — 36.0 5 3 : - 23.6 i n + 76.6 + 14.1 43,230 + 5.9 1914 81 97 109 92 117 1C9 85 103 106 29 i ! 52 4 ! 53 2 13 37 3 22 6 29 3 7 3 1 1 40 52 55 53 57 65 + 13.7 14 15 ; 44 51 53 33 - 37.2 90 86 249 231 121 148 34 40 2 4 V / 19 1 C 1 Oft i £0 j +523 1 +566. 7 I I + 55.6 FOODSTUFFS. Wheat. Exports, including flour thous. of bushs.. 10,195 Visible supply thous. of bushs . 118,861 Receipts, principal markets... thous. of bushs.. 21,901 Shipments, prin. markets thous. of bushs.. 12,567 Wheat flour: Production thous. of bbls.. 8,969 Consumption thous. of bbls.. 8,427 7,457 Stocks thous. of bbls.. Prices: 1.253 No. 1, northern, Chicago. .dotts. per bush.. 1.320 No. 2, red winter, Chicago.dolls, per bush.. | Flour, standard patents, Minneapolis dolls, per b b l . . 6.956 Flour, winter straights, Kansas City dolls, per bbl. 5.744 76,029 16,742 22,191 105,078 73,164 119,622 44,282 46,835 50,516 78,055 7.4 i 11,378 8,641 8,073 7,245 5,700 83 ; ! 1919 1919 85 89 60 58 98 82 + 26.9 + 2.5 79 1.446 1.356 1913 152 158 136 133 137 131 1.289 1913 141 138 138 134 134 131 — 4.2 — 2.3 6.720 8.060 1913 178 176 146 145 152 147 — 3.4 5.675 6.675 1913 176 174 145 146 149 148 - 5,632 5,358 446 268 211 184 8,598 11,306 31,170 27,083 23,691 4,705 1913 24,472 1913 470 371 356 372 127 133 291 i io2 181 209 175 268 | 187 112 1 127 182 1.200 1.2 Corn. Exports, including meal thous. of bushs.. Visible supply thous. of bushs Receipts, principal markets...thous. of bushs.. Shipments, prin. markets thous. of bushs.. Grindings (starch, glucose).. .thous. of bushs.. Prices, contract grades, No. 2, Chicago dolls, per bush.. 16,976 10,663 14,274 16,187 5,270 6,084 .793 .809 94,750 183,097 120,836 26, 726 35,036 122, 706 - 33.0 - 29.2 28,x66 ,+ 5.4 1919 97 85,605 1919 136 1913 100 i 1913 .618 8 Index number less than one. j 16,867 13,454 21,932 13,514 1,175 1,069 19,594 47,950 3,104 78,499 | i .466 .451 8,856 i 87,547 *>&l + 11.5 - 48.3 .403 94 99 I 1 1 8 45 94 77 1913 321 275 1 "*Q 1913 67 103 32 ! io7 122 21 32 28 FiQ ! Dy i CQ on oy 1913 1,806 708 365 2,933 I 1 015 .670 .673 .679 12,728 3 739 14,031 + 10.2 4_ K *> 3 937 ; T^ 0,0 118 127 130 + 2.0 i 1913 i 2,500 142 -4.9 — 64.9 113 71 - 37.2 161 183 + 13.4 126 j 145 + 15.4 I i j Other Grains. Oats: Receipts, prin. markets... thous. of bushs.. Visible supply thous. of bushs.. Exports, including meal, .thous. of bushs.. Prices, contract grades, Chicago dolls. per bush.. Barley: Receipts, prin. markets... thous. of bushs.. Exports thous. of bushs Price, fair to good, malting, Chicago dolls, per bush.. - 63.0 | 1913 iyio 1913 i I 102 109 107 90 | 138 29 ; 38 i AQ ! oy | 106 82 126 1 39 - 20.2 — 38.4 9.0 35 - 65 7g 124 i 1 2 0 — 3.2 20 - 27.8 48 4 28 4.a 4o 107 or 108 |+ 0.4 35 TREND OF BUSINESS MOVEMENTS—Continued, NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. April, 1923. May, 1923. CUMULATIVE TOTAL THROUGH LATEST MONTH. Corresponding month, April or May, 1922. I PerIcentage (increase i <+> ! or dei crease I (-) j ciixnuI lative 1923 I from ! 1922. 1922 1923 12,091 i 12,753 j 18,335 l|+ 51.6 17,676 || + 38.6 INDEX NUMBERS. BASE YEAR OR PERIOD. 1922 Percentage increase 1923 (+) or decrease (-) May Apr. M a y . i Feb, Mar. Apr. Mav. from Apr. FOODSTUFFS—Continued. Other Grains—Continued. Rye: Receipts, prin. markets...thous. ofbushs.J Exports, including flour, .thous. of bushs.. I Price, No. 2, Chicago dolls, per bush..! I 4,022 2,226 .853 2,388 | 4,639 j .777 j 4,564 5,491 j 1.056 1913 1913 1913 367 110 353 2,545 3,543 3,854 136 164 166 284 I 289 185 -40.6 892 ! 1,436 2,993 + 108.4 130 ! 134 122 - 8.9 Total Grains. Total grain exports, incl. flour, thous. of bushs.. Car loadings of grain and grain products, .cars.. 19,936 38,259 Other Crops. Rice: Receipts at mills thous. of bbls.. 529 Shipments, total from mills..thous. of lbs.. 70,774 Shipments, through New Orleans thous. of lbs.. 31,549 Stocks, end of m o n t h Domestic, at mills and dealers thous. of lbs.. 157,505 Imports thous. of lbs.. 7,072 Exports thous. of lbs.. 33,193 Apples: Cold-storage holdings. thous. of bbls.. 1,070 Car-lot shipments carloads.. 2,699 Potatoes, car-lot shipments carloads.. 6 21,728 Onions, car-lot shipments carloads.. 6 1,335 Citrus fruit, car-lot shipments carloads.. 9,962 105 105 96 124 |+ 29.5 - 12.1 65 107 87 116 22 11- 74.1 92 - 20.9 121 81 124 - 35. 7 25,827 33,622 35,183 42,186 184,953 ! 121,262 - 34.4 1913 1919 137 56,004 91 48,181 3,662 ; 406,235 | 2,406 - 34.3 349,955 j - 13.9 1919 1919 20,272 20,020 130,415 i 138,013 + 5.8 1919 63 116,979 2,453 35,140 97,242 8,610 31,284 31,769 204,235 28,445 - 10.5 183,914 1919 1919 1919 165 36 135 120 i; 251 215 22 63 j| 29 100 I 106 111 277 1,529 15,124 2,514 9,731 314 1,140 6 20,275 «2,2S6 6,205 14,733 j 92,474 ; 8,915 | 38,393| + C3.0 -3.4 - 3 . 9 + 33.1 1919 1919 1919 1919 1919 54 26 134 178 137 18 17 135 131 115 1,900 716 300 1,173 1,878 780 359 1,086 8,014 | 3,233 ; 1,352 | 4,727 j 8,374 4.5 3,15S 2.3 1,222 - 9.6 5,16(3 -I- 9.3 1919 1919 1919 1919 72 63 53 79 91 87 I 63 82 |j 4 8 95 |j 76 1913 1919 1913 106 80 101 li 124 !| 107 94 I 83 141 j; 84 1919 27 24,018 89,299 8,509 51,103 174 84 170 141 108 ! 106 79 ! ; |! !i |! !; 223 92 90 80 179 194 j 144 |j- 25.7 52 | 18 j|- 65.3106 112 |+. 5.9 133 79 153 81 205 62 40 145 77 185 73 62 81 45 53 84 95 16 I - 74.1 22 |_ 43.3 101 - 30.4 f S8.3 180 - 2,3 Cattle a n d Beef. Cattle movement, primary markets: Receipts thousands.. Shipments, total thousands.. Shipments, stocker and feeder.thousands.. Slaughter thousands.. Beef products: Inspected slaughter product, thous. of lbs.. Apparent consumption thous. of lbs.. Exports thous. of lbs.. Cold- storage holdings (1st of following month).. .thous. of lbs.. Prices, Chicago: Cattle, corn-fed dolls, per 100 lbs.. Beef, fresh native steers.dolls, per 100lbs.. Beef, steer rounds, No. 2.dolls, per 100 lbs. 1,670 573 233 1,080 408,228 408,046 12,149 442,368 442,334 13,647 427,393 418,682 19,145 78,535 64,922 50,852 1,916,823 2,047,596 ! + 6.8 1,880,247 i 2,034,037 |j+ 8.2 72,201 j 04,892 | - 10.1 j! 42 64 1913 1913 1913 9.538 14.50 14.60 8.615 14.50 15.10 4,524 1,443 67 3,072 3,737 1,149 70 « 2,572 18,106 6,511 289 11,588 739,251 608,134 165,272 644,495 475,985 99,440 3,010,352 2,134,309 579,661 991,167 7.450 101 |; 112 110 + + + + 13.8 25.0 28.8 8.6 117 119 129 i+ 8.4 89 ! 91 I 99 |+ 8.4 111 ! 89 I 100 !|+ 12.3 38 33 27 | - 17.3 110 109 112 111 106 112 111 |! 112 j+ 5.8 112 j! 0.0 112 + 0.7 132 143 92 128 116 117 101 115 121 121 89 121 153 I 153!+ 0.2 171 I 217+ 26.9 200 201 + 0.0 112 24 1: 9.015 14.50 14.50 93 80 68 103 112 |i 114 110 I1 105 Hogs a n d P o r k . Hog movement, primary markets: Receipts, primary markets thousands., 4,318 Shipments, primary markets. .thousands.. 1,393 Shipments, stocker and feeder.thousands.. 76 Slaughter thousands.. 2,924 Pork products: Inspected slaughter p r o d u c . thous. of lbs.. 737,545 Apparent consumption thous. of lbs.. 479,352 Exports thous. of lbs.. 164,288 Cold-storage holdings (1st of following month) thous. of lbs.. 1,025,322 Prices: Hogs, heavy, Cliicago.. .dolls, per 100 lbs.. 7.965 Pork, loins, fresh, Chicago dolls, per 100lbs.. 15.30 • Revised. 19,30 23,504 8,095 342 15,444 30.1 24.3 18.3 33.3 1919 1919 1919 1919 75 79 3,993,319 j + 32.7 2,746,828 + 28.7 874,641 + 50.9 1913 1919 1913 759,454 + + + + 100 120 96 140 93 85 101 111 105 145 110 133 156 170 175 121 200 177 208 226 1919 76 83 92 102 10.425 1913 122 125 i 9 4 23.80 1913 159 160 105 95 100 103 + 4.8 + 3.6 - 11.8 + 5.1 109 I- 3.3 S9 - 0.5 130 + 20.1 36 TREND OF BUSINESS MOVEMENTS—Continued. N U M E R I C A L ]XVTA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. A r»ril April, 1923. VfoTT jvia\» 1923. 21). Corresponding : month April : or Mav, 1922.' INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL THROUGH LATEST MONTH. (+ ) ! or decrease (-) 1922 1923 : Percent- j age in- BASE YEAR 1922 ! 1923 OR PERIOD. cumulative 1923 ; from I Apr. May. Feb. 1922. ; crease (+) or decrease (-) Mav Mar. ! Apr. May.! from Apr. FOODSTUFFS—Continued. Sheep and Mutton. Sheep movement, primary markets: Receipts, primary markets thousands.. Shipments, primary markets..thousands.. Shipments, stocker and feeder, .thousands.. Slaughter thousands .! Lamb and mutton: Inspected slaughter produc. .thous. of lbs.. Cold-storage holdings (1st of following month)... thous. of lbs.. Prices: Sheep, ewes, Chicago dolls, per 100 lbs.. Sheep, lambs, Chicago...dolls, per 100lbs.. 1,447 j 584 82 j 1,794 1,692 909 832 7,673 + 3,514 - 2 752 + 4 I.^s -f- 7,019 3,G17 216 145 737 855 888 852 3,9% 37,726 37,482 33,226 104,450 ' o.7; 1919 54 .8 2.0 3.9 1919 47 192,023 + 16.8 ! 1919 17 75 ; 69 | 25 j 1919 64 81 67 63 53 20 76 1913 56 63 66 75 60 53 29 81 + 24.0 + 55. 7 37 + 103. 4 84 + 3.9 72 72 ' - 69 54 - 20.6 — 18.5 + 0.7 64 48 14 79 75 0.6 1 6 5,774 : 4,582 2,310 1919 7,5C5 6.1G9 : 13.144 5.900 12. 475 1913 13.055 25 27 68 79 149 126 143 153 161 132 170 160 188 183 168 169 76 28 87 67 89 87 89 1919 28 44 27 17 20 + 1.8 + 14. 4 1919 57 73 119 S7 63 68 + 1919 76 58 171 143 112 86 23 J 1913 ! Fish. j 6 10,590 15,392 6 12,117 thous. of lbs.. 12,446 thous. of lbs.. « 74,562 Total catch, prin. fishing ports...thous. of lbs.. Cold-storage holdings, 15th of mo.thous. of lbs.. 15,120 15,168 17,076 81,902 ; 13,392 14,552 76,812 57,240 38,602 6 05,502 - 20.0 ' 1919 Poultry. Receipts at 5 markets Cold-storage holdings (1st of following month) 110,346 '+ 43.7 7.6 • 23 2 Dairy Products. Condensed and evaporated milk: Exports thous. of lbs.. 18,176 Receipts at 5 markets: Butter thous. of lbs.. 48,699 16,410 Cheese thous. of lbs.. 2,237 Eggs thous. of cases.. Cold-storage holdings (1st of following mo.): Creamery butter thous. of lbs.. 3,248 American cheese thous. of lbs.. 814,065 6 Case eggs thous. of cases.. 3,737 Wholesale prices at 5 markets: .445 Butter dolls, per l b . . Cheese dolls, per l b . . .216 Fluid milk: Receipts14,714 Boston (including cream).thous. of qts.. Greater New York thous. of cans.. 2,297 Production—Minneapolis thous. of qts.. 18,154 16,143 '• 15,711 103,254 77,311 - 25.1 1919 34 22 18 2S 26 65,330 18,982 1 2,884 ; 237,097 71,155 9,276 253,223 4- 6.8 76,427 + 7.4 9,123 — 1.6 1919 93 97 245 150 89 110 106 116 77 96 101 218 86 179 188 9,907 17,490 7,884 68,893 18,809 2,587 1919 1 + 34. 2 + 15. 7 243 : -f. 28. 9 142 1916-20 7 23 16 9 6 1916-20 29 42 56 39 38 8,OoO 1916-20 126 218 12 101 .360 1919 61 61 75 1919 59 56 83 SO 82 .175 78 70 1919 110 125 100 115 113 131 1913 144 166 134 153 154 170 192 226 216 254 254 16,287 2,479 16,114 72,419 10,802 71,342 74,283 + 2.6 11,314 + 4.7 88,296 + 23.8 1919 : (3) + 205.0 + 24.4 214 + 111.0 18 47 70 '• — 6 . 3 72 i+ 3.2 + 15.9 + 11.0 2S7 + 13.1 Sugar. I Raw: Imports long tons . Meltings, 7 ports long tons.. Stocks at refineries, end of month long tons.. Refined: Exports long tons.. Cane, domestic: Receipts at New Orleans long tons.. Prices: Wholesale, 96° centrifugal, N. Y dolls, p e r l b . . Wholesale, refined, N. Y dolls, p e r l b . . Retail, average 51 cities index number Cuban movement: Receipts at Cuban ports long tons.. Exports.... long tons Stocks long tons.. 11.2 117 13,202 15,481 .417 i .223 17,051 2,550 i 20,526 1919 - 486,421 367,891 446,678 474,169 ' 577,330 327,081 315,680 391,741 39,324 2,254,911 2,351,973 1,823,674 — 19.1 2,065,098 — 12.2 271,890 43,679 j 146,454 1913 269 254 140 329 223 209 — 6.1 1919 164 178 i 105 157 150 146 — 2.5 1919 332 285 130 298 343 331 — 3.5 501,594 148,791 — 70.3 1909-13 14,236 37,692 + 164.8 1913 7 7 114 122 122 116 218 158 155 168 896 663 1,187 .078 .079 .094 .041 1913 .053 1913 .092 1913 563,325 461,321 756,155 325,987 1 555,852 2,843,998 399,020 565,350 1,910,027 669,543 1,043,420 • Index number less than one. 2,934,258 + 3.2 2 291 944 + 20.0 1919 1919 1919 997 1,071 1,332 1,479 '!+ n. I 4,149 4,959 «Revised. 123 120 174 162 I 26.0 9 4 6 4 176 171 158 208 223 227 201 215 220 185 193 + + 204 + 207 146 71 261 171 99 j - 199 142 123 • j — 1 3 . 5 101 117 104 1 - 1 1 . 5 1.3 2.2 5.7 j! 42.1 37 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed taApril. bles were given in the June number (No. 22). 1923. For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. '-'I). " : Corresponding month, April or May, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. INDEX NUMBERS. Percentage ncrease (+) or decrease (-) 1922 cumulative 1923 from 1922. Percrnlage increase (4-) or dc1 crease 1923 Apr. May. 1 Feb. Mar. Apr. May. May from Apr. 1922 1923 544, 880 627, 948 + 15.2 1909-13 133 161 174 232 151 4,572| j 3,187 - 3 0 . 3 1913 1913 1913 76 55 86 75 61 80 63 58 93 59 64 77 52 55 27 46 - 10.7 44 - 2 0 . 0 31 ;+ 16.0 1913 108 170 71 86 120 211 117 153 69 54 69 91 - 1909-13 68 68 65 51 52 66 j + 25. 5 1913 1913 79 266 90 355 80 357 91 389 84 363 1913 85 97 88 99 92 1909-13 1913 1919 130 481 6 127 567 2 85 394 43 101 485 28 129 550 5 92 - 28.7 582 ;+ 5.8 1 - 81.0 1913 208 208 208 208 208 208 ; 274 162 257 334 174 284 33 42 526 205 384 641 212 476 753 278 537 + 47.1 1015 1915 1915 1013 1913 824 + 9.4 249 - 10.6 555 4- 3.4 107 62 - 10.8 1919 651 790 60S 682 690 24,109 + 5.4 9,909 - 9 . 6 14,201 + 19.2 1913 1913 1913 184 184 75 123 244 SO 87 130 72 107 160 88 105 165 84 134 + 27.7 217 + 31.4 105 ' + 25. 1 24,125 + 5.2 9,866 - 11.1 14,257 + 20.4 1913 1913 1913 109 191 77 92 115 210 I 127 78 70 104 145 88 109 163 88 132 + 21. 1 204 :+ 24.7 104 + 18.4 1920 1920 27.3 25.4 27.9 25.7 21.8 23.1 21. 1 21.9 22.6 22.6 22.3 - 1.3 22.1 - 2 . 2 1919 115 311 196 85 259 161 3 6 8 4 5 7 6 4 7 19 + 230.7 5 + 38.8 17 + 139.3 2 9 3 6 10 7 178 923 334 162 697 285 73 420 146 16 :- 78.7 271 - 35.4 67 - 53.9 FOODSTUFFS—Continued. Coffee. Imports thous. of l b s . . Visible supply (1st of following mo.): .. .thous. of bags.. World ...thous. of bags.. United States ...thous. of bags.. Receipts, total, Brazil Clearances: Total, Brazil, for world .. .thous. of bags.. Total, Brazil, for U. S. .. .thous. of bags.. 114,073 90,416 122 093 6,104 5,451 8 872 146 765 1,033 | 826 257 ! 298 679 [ 679 703 i 5,161 4,926 212 | 356 337 i 2,294 I 2,690 !'+ 17.3 4,309 | 5,406 - 4.6 120 - 20.7 0. 0 4.6 Tea. Imports thous. of lbs.. 5,634 29,840 28,050 : | - 6.0 TOBACCO. Consumption (tax-paid withdrawals): 533 576 569 2,490 2,749 + 10.4 Large cigars millions.. 4,601 18,522 25,282 + 36.5 4,711 ; 5,555 Small cigarettes millions.. Manufactured tobacco 34,055 36,361 35,846 172,013 176,568 + 2.6 and snuff thous. of lbs.. Exports: 40,590 28,946 39,844 171,415 169,569 1.1 Unmanufactured leaf. thous. of lbs.. Cigarettes thousands.. 1,063,237 1,124,735 1,094,728 4,605,242 4,794,894 + 4.1 4,309 819 1,338 180,413 120,215-33.4 Sales at loose-leaf warehouses thous. of lbs.. Price, wholesale, Burley good leaf, dark red, Louisville ...dolls, per 100lbs.. -7.50 27.50 27.50 91 + 8.1 429 + 17.9 98 +6 8 0.0 TRANSPORTATION—WATER. Cargo Traffic. Panama Canal: In American vessels.. .thous. of long In British vessels thous. of long Total cargo traffic thous. of long Sault Ste. Marie Canal.... thous. of short New York State canals.. .thous. of short Mississippi River: Government barge line tons.. tons.. tons.. tons.. tons.. 1,373 510 2,187 tons.. 60,202 1,502 456 2,262 10,645 231 609 319 1,159 3,317 157 2,307 1,457 4,810 3,956 157 5,777 2,138 9,545 10,645 231 56,871 235,471 210,155 -4-150.4 4- 46.7 + 98.4 4-169.1 Vessels in Foreign Trade. Entered in United States ports: Total thous. American thous. Foreign thous. Cleared from United States ports: Total thous. American thous. Foreign thous. of net tons.. of net tons.. of net tons.. 4,676 1,936 2,740 | 5,969 2,543 3,427 2,601 | 22,872 10,960 11,912 ! of net tons.. of net tons.. of net tons.. 4,890 2,042 ! 2,848 j 5,920 2,547 3,372 5,175 I 2,621 ! 2,554 22,934 , 11,098 11,837 5,471 2,870 Index of Ocean Freight Rates. United States Atlantic t o United Kingdom, weighted index number.. All Europe weighted index number.. TRANSPORTATION—RAIL. Freight Cars. Surplus (daily av. last week of month): Box number.. Coal number.. Total number.. Shortage (daily av. last week of month): Box number.. Coal number.. Total number.. 4,654 : 15,670 3,953 2,849 13,556 ; 32,443 13,940 17,634 2,974 11,392 j 35,282 j 16,277 j 69,714 195,439 305,198 1,094 423 1,714 1919 1919 1919 1919 1919 38 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have I not been published previously in the SURVEY or are repeated for special reasons; detailed I tables covering back figures for these items I will be four.dat the end of this bulletin. For I items marked with a dagger (t) detailed ta- j bles were given in the June number (No. 22). ; Aprils 1923. For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. •21). ii ii Per! centapei 1 increase CUMULATIVE TOTAL THROUGH LATEST MONTH. \\ (+) ; or de; crease 1 (-) cumulative 1923 ! from 1922. BASE YEAR OR I N D E X NUMBERS. 1922 : , ; PERIOD. I 1 1922 Apr. May. Percentago increase 1923 (+) , or decrease (-> May Fob. Mar. | Apr. MHV. frcrh Apr. TRANSPORTATION-RAIL-Conttnued. | Freight Cars—Continued. ! Locomotives in bad order: i Freight perct. to number in use.. 23.7 Passenger per ct. to number in use. J 23. 2 Bad order cars, total (1st of following : month) : number..; 210,505 Car loadings (weekly average): j Total cars.. ! «941,792 Grain and grain products cars.. | e 38,259 Live stock cars.. 631,634 C oal cars.. j 6176,555 Forest products cars.. j «76,966 Ore cars.. j e20,169 Merchandise and miscellaneous cars.. j 6 82,287 Freight carried mills, of ton-miles. 38,298 23.1 25.8 26.1 1919 1919 94 101 95 23.2 211,766 340,822 1913 212 217 139 978,341 33,622 31,169 179,904 75,697 61,631 782,670 1919 1919 29,550 1919 579,004 540,546 39,598 27,855 141,133 91 84 82 : 41 99 j 26 ! 110 90 98 108 90 47 107 49 114 102 106 42,186 404,965 319,615 85,531 1,534,563 547,282 449,443 2,139,184 354,509 62,147 4.45 1,714,301 181 149 176 196 103 185 138 420,656 225 153 175: 210 207 ' 230 65 140 86 , 72 113 177 154 157 124 112 127 218 153 205 222 139 126 1 154 129 229 + 156 ;+ 215; + 231 j + 150 + 123 - 11,936 163 145 163 185 83 78 180 119 107 101 105 96 128 116 125 120 131 119 126 125 131 118 127 128 131 + 0.4 117 — 1. 1 124 J - 2 . 4 130 i + 1.2 257 270 261 i + 82,794 1919 60,714 1919 18,384 1919 1919 187,399 +32.8 1913 1,883,057 + 22.7 436,294 + 7.2 2,554,789 ;+ 19.4 1913 2,027,267 + 18.3 356,501 + 30.6 1913 ; j 94 92 87 93 I 94 ! 137 143 85 - 2. r» 88 I 0. 0 139 j+ jj 0.6 122 + no 86 - 12.1 96 : 9 5 i - 1.5 100 ; 102 : + 1.9 135 133 j - 1 . 6 54 165 '+205.6 123 123 |- TT. 6 140 145 i + 3.4 114 105 97 ! 95 i 105 | 105 117 132 36 28 105 118 119 143 117 106, 98 j Railroad Operations. Revenue: Freight thous. of dolls. Passengers thous. of dolls. Total, operating thous. of dolls. Operating expense thous. of dolls. Net operating income thous. of dolls. Per cent on valuation per cent. Receipts per ton-mile index number. Pullman passengers carried thousands. LABOR. Number employed: United States (1,428 firms) thousands. New York State thousands. Wisconsin index number. Detroit thousands.. Total pay roll: i New York State thous. of dolls.. j Wisconsin index number.. ] Av. weekly earnings: j Wisconsin index number. New York Statef dollars..| Unemployment, Pennsylvania (1st of following month) number.. Employment agency operations: Workers registered number.. Jobs registered number.. Workers placed number.. Average applicants per job number.. Immigration number.. E migration number.. j 386,136 87,872 523,167 404,058 83,201 6.50 89,938 89,999 6.33 406,938 272,938 1913 1913 1913 1913 1913 2,682 2,670 ! 2,562 2,040 2,048 i 1,669 1921 566 560 i 482 1914 227 230 I 170 1920 104 100 102 85 11,857 1914 194 200 241 257 1915 193 206 262 264 1915 210 207 210 216 12,991 + 8.8 1913 1915 15,276 15,484 ii 4.9 2.4 4.6 4.1 8.2 2.4 129 j - 0 . 4 280 ! + 1.4 3.7 + 221 + 7.1 2.3 27.63 24. 59 1914 190 194 197 j, 27.00 11,605 9,465 167,405 ; 1921 82 63; 7 6 4 178,158 200,692 143,582 0.89 65,135 219,682 is 1921 0.92 1.21 66,854 36,880 130,861 16,334 23,147 93,813 130 186 177 70 31 45 87 144 135 61 33 13,763 105 138 128 76 25 49 84 153 143 55 45 21 172 152 51 55 27 203 179 53 56 32 115 115 118 130 134 106 139 107 140 + 105 - 0.7 1913 129 137 132 138 1913 171 1913 194 1913 113 156 124 1 175 237,722 169,314 262,025 ! 1,086,416 , 946,792 217,382 I 726,967 ' 943,666 702,S64 166,757 j 585,184 - 12.9 + 29.8 + 20.1 is 1921 13 1921 is 1921 262,332 +100.5 61,073 - 34.9 1013 1913 197 17 212 , 227 216 4 - 18.4 88 ! 109 + 23.3 + 18.5 + 17.0 + 3.4 + 2.6 + 18.7 PRICE INDEX NUMBERS. Farm prices: Crops (15th of month) index Live stock (15th of month), index Wholesale prices: Department of Labor— Farm products index Food, etc index Cloths and clothing... .index Fuel and lighting index Metals and metal products index Building material index Chemicals and drugs...index House-furnish, goods. .index 1913 number number 1913 i j number.. i number. J number. number..; j number. number. number. number. • Revised. 118 ; 107 1.9 1 1913 1913 1913 1913 13 July to December, 142 ; 141 175 ' 199 216 i 212 143 141 143 201 206 144 205 200 139 144 201 190 - 1.4 0.0 2.0 5.0 119 149 154 204 136 187 152 202 134 !187 1.3 1.0 1.5 139 160 , 192 I 198 132 . 135 122 176 | 184 1 185 0.0 39 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (t) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). Corresponding month, April or May. 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. cumulative 1923 from 1922. PRICE INDEX NUMBERS—Continued. Wholesale prices—Continued. Department of Labor—Continued. Miscellaneous .index number All commodities index number. Fed. Reserve Bd. (Dept. Labor prices)— Total raw products index number Agricultural prod..index number Animal products. .index number.. Forest products.. .index number. Mineral products..index number Producer's goods index number Consumer's goods index number All commodities index number Federal Reserve Board I n d e x Goods imported index number Goods exported index number. All commodities index number Dun's (1st of following month) .index number, Bradstreet's (1st of following month) .index number Retail prices, food index number Cost of living: National Industrial Conference B o a r d Food index number Shelter index number. Clothing index number Fuel and light index number Sundries index number All items weighted index number. Foreign wholesale prices: United KingdomBritish Board Trade., .index number London Economist index number U. S. Fed. Res. Bd....index number FranceGen. Stat. Bureau index number U. S. Fed. Res. Bd index number. Italy (Bachi) index number Sweden index number Switzerland index number CanadaCanadian Dept. Labor.index number U. S. Fed. Res. Bd index number Australia. index number India (Calcutta) index number..! JapanBank of Japan index number U. S. Fed. Res. Bd....index number.. I 317 302 524 164 161 | Sj ! ij !j I 422 I 424 355 i 373 582 ! 586 158 I 162. 181 186 166 ( 167 154 J| 152 | 155 155 | 161 : 163 187 ! 180 j 181 j DISTRIBUTION MOVEMENT. Mail-order houses, total sales.. thous. of dolls thous. of dolls Sears, Roebuck & Co Montgomery Ward & Co...thous. of dolls thous. of dolls Chain stores, total sales 14 thous. of dolls F. W. Wool worth Co .thous. of dolls S. S. Kresge Co thous. of dolls McCrory Stores Corp S. H. Kress & Co . .thous. of dolls thous. of dolls J. C. Penney Co «Revised 223 296 1,849 :1,283 1,994 " Includes F . W. Woolworth, S. S. Kresge, McCrory Stores Corp., and S. H. Kress Co., only. 196 j 199 + 1.5 185 187 + 1.1 40 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). April, 1928. May, 1923. (+) CUMULATIVE TOTAL THROUGH LATEST MONTH. Corresponding month, April or May, 1922. INDEX NUMBERS. Percentage ncrease 1922 1923 27,943 4,097 29,056 4,371 or decrease (-) cumulative BASE YEAR OR PERIOD. 1923 from 1922. 1922 ; PerI crentI age | in|crease 1923 or deI crease Apr. May. Feb. Mar. Apr. May. May from I Apr. DISTRIBUTION MOVEMENT—Con. Chain stores—Continued. United Cigar Stores Co thous. of dolls.. Owl Drug Co thous. of dolls.. Music (4 chains) index number.. Grocery (21 chains) index number.. Drug (8 chains) index number.. Cigar (3 chains) index number.. Shoe (5 chains) index number.. Total department-store sales (306 stores) weighted index number.. Total department-store stocks (265 stores) weighted index number.. American Wholesale Corporation, total sales thous. of dolls.. Wholesale trade: Hardware weighted index number.. Shoes weighted index number.. Dry goods weighted index number.. Groceries weighted index number.. Drugs weighted index number.. Meat packing weighted index number.. Total weighted index number.. Candy sales by manufacturers, .thous. of dolls.. Magazine advertising (for following month) thous. of lines.. Newspaper advertising thous. of lines.. Postal receipts thous. of dolls.. Internal-revenue taxes collected on theater admissions thous. of dolls.. 5,775 i 849 | 6,402 908 6,226 848 1913 244 253 209 1913 254 261 253 1919 79 81 88 1919 139 138 159 1919 121 123 125 1919 125 129 110 1919 156 127 j. 1919 113 115 1919 117.6 71 14.1 | 114.9 255 288 96 188 145 135 146 234 | 260 + 10.9 261 279 i[+ 6.9 122 99 105 j| + 6. 1 164 177 ||+ 7.9 135 141 i|+ 125 137 ' + 122 140 + 14.8 117 126 7.7 125.0 128.5 125.3 4.4 9.6 - 2.5 - 7.3 I 1,836 1,702 1,750 11,022 12,636 + 14.6 1913 154 174 128 181 134 125 i 31,080 2,270 2,108 108,836 109,559 24,374 24,902 6,051 24,783 161,848 1,644 | 97,090 6 22,375 ^9,201 449,999 110,165 5,818 29,862 31,073 6,582 ': 6 1919 84.6 1919 65.1 1919 74.6 92.7 ! 82.0 108.8 111.3 117.0 60.5 ; 56.3 81.6 62.3 67.8 79.0 ! 100.8 113.0 87.6 86.6 1919 66.2 74.1 | 74.9 1919 93.6 96.6 ! 106.3 1919 48.3 58.2 56.8 1919 65.8 72.6 76.1 2.9 1920 58 62 81 15 11,807 + 28.3 497,336 + 10.5 125,163 + 13.6 1913 150 134 164 1919 117 116 100 1919 121 122 126 + 7.1 1920 166,516 + 31,976 5.1 8.8 1.1 80.7 79.9 81.0 120.1 105.6 107.1 63.3 60.3 73.3 86.0 79.0 82.8 78 82 78 1.0 1.0 21.6 4.8 0.0 188 125 152 185 172 130 133 131 |+ 135 + 7.1 0.7 2.2 92 83 !+ 8.8 89 88 SS '•- 0.6 202 197 |i~ 2.5 - PUBLIC FINANCE. I1. S. interest-bearing debt mills, Liberty and Victory Loans and War Saving securities mills, Customs receipts thous. Ordinary receipts thous. Ordinary expenditures thous. Money held outside U . S . Treasury and Federal Reserve System Total mills, Per capita of dolls.. 22,327 22,185 j of of of of 16,084 53,736 52,417 | dolls.. dolls.. dolls.. dolls.. of dolls.. dollars.. 23,130 15,289 1919 ; 3,5,578 | 170,573 241,830 211,118 206,376 | 1,321,706 301,848 286,966 ! 237,961 - 1,219,930 262,982 + 54.2 1,505,105 + 13.9 1,388,993 + 13.5 4,668 4,706 4,418 42.04 42.34 40.36 20,478 20,704 21,654 98,376 104,829 18,732 20,367 ! 17,148 82,368 95,237 1919 1913 1913 1913 91 92 89 78 89 89 127 134 328 342 327 401 350 j|- 12.7 426 418 429 531 504 ij- 4.9 71 - 4.9 1919 1919 89 + 6.6 + 15.6 1919 1919 102 106 93 111 101 102 1.1 94 98 96 112 107 116 8.7 + 4.7 + 24.6 1913 1913 238 ! 244 213 251 228 244 213 | 228 230 271 261 271 '+ 3.8 1919 1919 1919 1919 1919 1919 26 I 24 31 36 33 110 | 122 96 85 j 79 96 :;+ o.8 92 !+ 0.7 BANKING AND FINANCE. Banking. Debits to individual accounts: New York City mills, of dolls.. Outside New York City... .mills, of dolls.. Bank clearings: New York City mills, of dolls.. Outside New York City mills, of dolls.. Federal Reserve Banks: Bills discounted mills, of dolls.. Total investments mills, of dolls.. Notes in circulation mills, of dolls.. Total reserves mills, of dolls.. Total deposits mills, of dolls. -I Reserve ratio per cent. Federal Reserve member banks: Total loans and discounts, .mills, of dolls. Total investments mills, of dolls. Net demand deposits mills, n* dolls. «Revised. 18,010 19,212 19,215 i 89,330 93,552 15,005 15,581 13,131 | 61,013 76,012 637 468 731 447 + 6.7 | 471 722 2,223 2,250 2,141 i 3,179 3,195 3,130 1,909 1,952 I 1,870 77.0 76.1 78.0 11,839 11,840 10,906 4,634 4,465 4,122 11,156 11,172 i 11,049 j -Ji. 1921 1921 1919 85 ' 85 82 86 143 146 145 95 J 97 101 102 99 156 I 155 152 150 153 82 j 143 145 91 91 99 99 115 123 139 140 138 101 104 109 105 105 Cumulative (or six-months period, January to June, inclusive. 38 + 11.8 4.5 1.2 146 1+ 0.5 101 1+ 2.3 152 0.7 76 ; 86 |+ 99 0.0 139 + 0.7 106 , + 0.1 41 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). CUMULATIVE TOTAL THROUGH LATEST MONTH. CorrespondApril, 1923. May, 1923. ing month, April or Mav, 1922 1922. INDEX NUMBERS. Percentage increase (+) or decrease (-) cumulative BASE YEAR OR PERIOD. 1923 from 1922. 1923 1922 Apr. Percentage increase (+) or decrease 1923 May. Apr. (-) May from Apr. May Feb. Mar. 150 80 164 87 155 I 151 89 I 89 108 105 111 109 109 119 109 102 109 109 117 114 111 352 118 112 118 115 120 127 120 112 120 124 130 127 130 332 118 112 119 115 120 128 122 111 121 123 125 129 132 333 119 120 113 114 119 I 119 228 164 215 282 251 i 264 176 250 I 210 BANKING AND FINANCE—Continued. Banking—Continued. Interest rates: New York call loans percent.. 4.94 4.80 3.97 Commercial paper, 60-90 days per cent.. 5.13 4.25 5.13 Saving deposits (bal. to credit of depositors): Total, 11 Fed. Res.dists. ".thous. of dolls.. 6,314,793 6,365,941 5,747,535 Boston dist thous. of dolls.. 1,173,515 1,178,188 1,091,620 New York dist ...thous. of dolls.. 1,820,182 1,825,584 1, 701,562 Philadelphia dist.. ...thous. of dolls.. 453,217 423,582 455,808 ...thous. of dolls.. 418,287 Cleveland dist 421,667 377,299 ...thous. of dolls.. 290,706 Richmond dist 268, 659 293, 716 thous. of dolls.. 183,251 Atlanta dist 160,156 184,937 ...thous. of dolls.. 838, 895 Chicago dist 849,428 758,091 thous. of dolls.. 126,920 St. Louis dist 124,273 114,341 Minneapolis dist thous. of dolls.. 87,989 78,241 88,246 Kansas City dist thous. of dolls.. 90,046 100,026 99,078 Dallas dist thous. of dolls.. 59, 594 50,983 58, 495 San Francisco dist thous. of dolls.. 890,921 909,004 747,296 U. S. Postal Savings thous. of dolls.. 132, 255 139,959 131,685 Life I n s u r a n c e . Policies, new: Ordinary thous. of policies.. Industrial thous. of policies.. Group number of policies.. Total insurance thous. of policies.. Amount of new insurance: Ordinary thous. of dolls.. Industrial thous. of dolls.. Group thous. of dolls.. Total insurance thous. of dolls.. 1913 1913 108 + 17.5 + 17.6 + 83.5 1913 1913 218 4,416 '•>+ 1 7 . 7 1913 161 186 195 169 767 901 797 624 2,987 3,514 88 99 61 231 991 793 3,753 485,874 511,963 429,236 1,924,535 208,105 162,326 125,084 595,804 33,199 30,086 9,962 70,263 727,179 704,376 564, 282 2,590,603 79 I 1920 1920 1920 1920 1920 1920 1920 1920 1921 1920 1920 1920 1920 1913 950 1,137 137 424 + + 106,767 + 3,194,870 + 105 111 110 109 117 108 102 107 110 116 113 110 358 151 116 I 117 121 122 129 I 130 125 j 126 112 I 121 I 123 I 129 I 131 j - 0.8 0.4 0.3 0.6 0.8 1.0 0.9 1.3 2.1 0.3 1.0 1.9 2.0 0.4 113 119 123 130 133 132 I 135 333 ! 331 2.8 0.0 + 4.8 - 16.1 + 12.5 250 I 218 - 12.8 22.2 23.5 52.0 23.3 1913 1913 1913 - 28.2 - 31.2 1913 1913 162 322 147 195 113 179 126 114 | + 0.7 213 227 ! - 20.3 + 7.7 1913 164 194 191 252 I 171 + + 15 146,530 + is 39,695 + 2.9 3.3 1.4 3.6 1913 1913 1913 1913 73 67 83 94 112 120 117 65 126 ! 94 83 44 148 93 2,352,381 735, 720 1913 j 310 326 jj 237 241 111,687 689 |j 300 305 315 411 369 388 401 221 266 313 687 1,374 2,298 |2,082 393 I 380 291 377 + 5.4 - 22.0 - 9.4 - 3.1 Business Finances. Business failures: Firms number.. Liabilities thous. of dolls. Total dividend and interest payments (for following month) thous. of dolls. Dividend payments (for following mo.): Total thous. of dolls.. Indust. and misc.corp thous. of dolls.. Steam railroads thous. of dolls.. Street railways thous. of dolls.. New capital issues: Corporations thous. of dolls.. Corporate issues: Stocks thous. of dolls.. Bonds and notes thous. of dolls.. Total corporate securities— New capital thous. of doll«k. Refunding thous. of dolls.. New corporate bond issues: f Railroads— New capital thous. of dolls.. Refunding thous. of dolls.. Public utilities— New capital thous. of dolls.. Refunding thous. of dolls.. i Revised. 1,520 1,530 1,960 11,644 8,366 51,492 41,022 44,403 335,474 230,745 253,425 292,400 6 287,100 5 l,705,136 iH,836,525 52,923 60,300 6 58,900 i 5 483,277 i 5 497,075 26,950 36,900 « 36,100 15 257,725 15 266,250 20,975 21,100 e 20,650 15144,576 5,000 2,300 274,425 348, 220 117,802 168,817 30,582 98,532 171,126 245,862 40,757 166,583 6 197 + 15.4 76 ! 86 70 I 96 85 1 102 i 85 + 13.9 + 36.9 + 0.6 47 - 54.0 254 + 26.9 - 74.0 + 1.4 2,150 15 38,327 400,700 1, 542,031 1,806,966 + 17.2 1913 325 292 173 229 I 200 +• 2.9 110 167 90 113 34 1,237,107 31 196 132 1,202,660 1920 1920 72 264,274 147 107 108 301,783 61,024 1,118,825 1,335,541 120 307 103 124 109 330,678 1920 1920 109 310,800 + 19.4 + 6.4 134 35,128 236 191 74 - 32.2 164 - 13.8 37,061 None. 36,157 2,170 19, 543 None. 304,633 212,875 1919 1919 1,248 407 392 338 677 I 446 I 26,073 - 30.1 - 64.7 235 73,771 435 74 28,860 31,800 36,053 16,823 126,888 222,369 242,618 109,443 1919 1919 483 60 296 79,583 + 9.1 + 37.5 653 15, 746 278 672 370 + 34.2 356 - 47.1 Exclusive of St. Louis district. 1 263 L,301 562 333 169 341 Cumulative for six-month period, January to June, inclusive. 2.4 42 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (t) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. May, 1928. April, 1928. Corresponding month, April or May, 1922. INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1928 144,545 38,855 145,315 3,897,490 301,901 70,213 114,147 3,934,709 or decrease (-) cumulative 1923 from 1922. BASE YEAR OR PERIOD. Percentage] in-iq crease 1923 1922 ( } t or decrease Apr. May. Feb. May from Apr. Mar. Apr. M a y . BANKING AND FINANCE-Continued. Business Finances—Continued. New corporate bond issues—Continued. Industrial corporationsNew capital thous. of dolls.. 40,273 Refunding thous. of dolls.. 3,872 Southern bond issues thous. of dolls.. 25,400 New incorporations thous. of dolls.. 1,006,258 Telephone earnings: Total operating revenue.. .thous. of dolls.. 43,952 Total operating income... .thous. of dolls.. 10,212 Telegraph earnings: Commercial telegraph tolls, thous. of dolls.. 8,788 Telegraph and cable operating revenue thous. of dolls.. 10,842 Operating income thous. of dolls.. 1,499 17,179 10,685 29,865 817,230 33,418 18,757 29,176 938,195 154,632 34,564 40,058 9,272 4-108.9 j!+ 80.7 ; ; - 21.4 + 1.0 1919 358 315 I 296 433 1919 529 616 27 1922 68 111 77 1913 460 545 407 172,434 | + 11.5 44,640 !+ 29.2 1913 305 305 j 315 1913 250 243 : 362 299 275 113 |! 108 j 126 116 121 + 4.4 100 116 107 112 3.J 86 108 92 93 + 1.8 199 195 78 76 9,177 8,620 38,904 ! 44,682 ,+ 14.9 1919 102 11,266 1,518 10,882 49,510 ! 55,031 |+ 11.2 1919 97 108 2,008 6,851 I 8,166 | + 19.2 1919 78 123 ! 113.46 I 63.04 i 108.18 60.73 96.84 62.92 1913 163 1913 96.48 94.11 97.56 1921 291 380 162 - 57.3 411 1,133 97 113 +176.0 584 - 18.8 474 + 17.6 335 Stocks a n d Bonds. Stock prices, closing: 25 industrial, average dolls, per share.. 25 railroads, average dolls, per share.. Combined index (103 stocks) dolls, per share.. Stock sales, N. Y. Stock Exchange thous. of shares.. Bond sales: Miscellaneous thous. of dolls.. Liberty-Victory 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., G Liberty bonds p. ct. of par value.. 10 Foreign government and city p. ct. of par value.. Combined index (G7 bonds) p. ct. of par value.. Gold a n d Silver. Gold: Domestic receipts at mint fine ounces.. Rand output thous. of ounces., Imports thous. of dolls.. Exports thous. of dolls., Silver: Production thous. of fine oz. Imports thous. of dolls. Exports thous. of dolls. Price at New York dolls, per fine oz. Price at London...pence per standard oz. 166 11 198 76 | 79 186 j73 4.7 -3.7 74 115 i 20,136 ! 23,106 ! 176,042 | 166,736 28,911 113,092 229,460 1,110,237 97,633 144,967 858,782 236,993 ! 264,369 374,427 1,969,019 60,351 I 81.55 67.48 66.52 71.44 71.29 98.88 I | | | 101.48 i 93.81 I 111 - 117 | 114 2.5 111 111,999 j i 1.5 j - 15.3 1913 41S ji 440 328 i 373 ; 291 i ; 1919 371 1919 77 1919 145 1915 94 94 I 94 i 90 1915 96 96 I1 92 | 72.25 71.71 9a 81 84.80 72.83 68.65 74.42 74.72 100.11 101.37 102.71 82.58 67.73 93.97 ! 939,859 362,029 !- 57.8 1,301,888 !- 33.9 96.79 I. 334 322 ; 262 I 274 ' 248 I 234 61 ! 122 93 l! 26 i 28 I 81 85 ! 1915 90 1915 104 1915 96 1921 107 106 97 107 1921 111 111 1921 112 113 | 110 j 109 77 - 5.6 + 61.8 + 11.6 91 92 1.3 90! 0.4 90 | 90 101 ! 102 93 0.2 106 ! 106 | 103 0.0 109 0.0 93 | 91 105 j 102 96 106 25 ' 41 + 14.7 93 1.1 0.6 110 i 110 109 i 110 ! 110 ; 0.0 I 65,043 j 744 9,188; 655 j 79,866 787 46,156 824 81,839 366,763 351,112 1,781 3,761 1913 8,994 110,036 3,407 8,544 - 4.3 + 111.2 112,498 + 2.2 21,742 + 154.5 1913 630 6,835 4,258 20,399 29,480 74 5,512 28,547 22,252 1913 161 3,499 j 5,677 26,157 + 44.5 -22.1 21,679 - 17.1 1913 4,460 | 44 44 48 55 I' 49 ; 70 86 |j 96 ! 104 ! 101 1913 j 231 1913 I! 2 1 169 !j 158 i 300 44 ;' 18 i 136 76 jl 85 :i 127 42 6,616 3,549 4,336 .669 32.346 1913 98 .670 •! .712 1913 111 119 | 108 32.611 j 36.023 1913 124 131 'l 112 4.66 4.63 ; .070 .067 .050 .048 .058 .057 00004 .00002 .392 .391 4.45 .091 .053 .084 .003 .387 .258 .192 Parval. Parval. Parval. Parval. Parval. Parval. Parval. Parval. .474 .288 Par val. Par val. 184 109 'I 54 + 22.8 107 !+ 5.8 173 869 +402.4 9 11 + 25.8 + 3.3 + 25.7 90 ; 83 ' 67 - 19.3 113 | 112 ! 112 + 0.1 117 : 117 118 + 0.8 110 ; 119 ! 123 155 119 i 149 F O R E I G N EXCHANGE B A T E S . Europe: England France I taly Belgium Germany Netherlands Sweden Switzerland Asia: Japan India dolls, per £ sterling. dolls, per franc. dolls. per lire. dolls, per franc. dolls, per mark. dolls, per guilder. dolls, per krone. dolls, per franc. dolls, per yen. dolls, per rupee. .266 . 182 ; .180 .487 .491 .314 .311 91 || 48 || 28 || 44 || 1 |] 94 jl 97 !| 101 91 ; 47 j 27 44 1 96 96 100 95 59 96 ; 96 97 32 33 35 25 25 26 \ 28 28 30 0.02 jj 0.02 | 0.02 0.01 98 | 98 ' 98 99 99 ! 99 97 90 95 s 93 97 ; 65 98 ; 64 - 0.6 - 4.6 ; - 4.0 1.7 - 50.0 - 0.3 0.0 I ' - 1.1 i+ 0.8 64 i - 0.6 43 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL ^DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (t) detailed tables were given in the June number (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). April, 1923. VTflv May, 1923. Corresponding month, April or May, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 Percentage increase (+) : or decrease (-) cumulative ; 1923 : from 1922. INDEX NUMBERS. BASE YEAR 1922 Percentji age ! increase : (+) j or de: crease !- (-) 1923 OR i PERIOD. Feb. Mar. Apr. May.! iToZ. Apr. Apr. May. FOREIGN EXCHANGE RATES—Con. Americas: Canada dolls per Canadian doll Argentina dolls per gold peso Brazil . . dolls per milreis Chile dolls per paper peso General index foreign exch . index number .980 .832 .106 .123 .979 .817 .104 . 128 Par Par Par Par Par .988 .824 .137 . 119 val. val. val. val. val. 98 99 99 98 84 42 85 42 87 35 87 34 58 72 01 61 C3 72 G7 6o 67 128 132 125 108 160 174 U. S. FOREIGN TRADE. .thous. thous. thous. thous. thous. of dolls.. of dolls.. of dolls of dolls of dolls.. 33 67 — |— I — + — 0.1 1.8 1.9 1.9 1.5 j | Exports by Grand Divisions. Europe: Total France Germany Italy. . United Kingdom North America: Total Canada South America: Total Argentina Asia and Oceania: Total Japan Africa, total G rand total . 98 85 32 66 66 98 8G 156,405 ! 138,541 22,306 20,524 26,290 22,968 11,416 9,914 58,460 48,414 168,754 20,117 « 26,107 9,473 74,486 810,059 95,080 138,535 41,962 337,888 808,989 100,382 124,817 63,375 325,644 -0.1 + 5.6 -9.9 + 51.0 -3.6 1913 1913 1913 1913 1913 135 157 106 89 144 83 85 90 ' 168 163 | 196 220 147 151 145 i 129 119 98 ; - 17. 2 208 ! + 13. 2 197 + 22. 8 thous. of dolls.. thous. of dolls.. 91,827 53,799 103,971 66,086 71,050 44,288 333,428 200,090 439,757 + 31.9 266,934 + 33. 4 1913 1913 142 142 149 i 181 183 129 132 132 [ 160 160 thous. of dolls.. thous. of dolls.. 22,834 9,289 22,509 10,276 18,158 8,064 81,664 35,895 110,547 + 35.4 47,660 + 32.8 1913 1913 150 149 171 1S8 187 184 176 213 199 203 thous. of dolls thous. of dolls.. thous. of dolls.. thous. of dolls.. 47,539 18,939 7,122 325,727 46,791 43,074 19,889 •15,936 4,838 ! 6,534 316,649 307,569 335 454 274 of dolls.. of dolls of dolls.. of dolls. of doll*5 105,855 13,730 13,642 7,309 41,364 102,278 12,300 12,762 5,769 ; 44,039 73,949 11,591 8,520 5,584 25,439 365,016 57,668 42,774 22,453 128,218 thous. of dolls.. thous. of dolls 103,346 36,249 105,520 i 36,282 71,718 28,249 thous. of dolls.. thous. of dolls.. 46,422 15,052 49,401 16,875 33,032 6,082 100,314 26,4S0 8,294 364,230 107,091 33,113 8,954 372,545 69,831 29,693 4,287 252,817 + 1.7 -6.1 + 10.9 : + 9.5 1913 1913 1913 1913 + + + + + 43.1 14.4 53.5 75. 2 58. 8 322,506 120,846 127,573 26,671 j 237,007 241,131 99,635 93,498 23,329 25,862 1,485,487 1,626,285 111 - 11.4 160 - 8.0 78 - 12.4 147 172 242 249 ! 271 270 164 308 271 339 204 186 245 154 149 148 165 157 1913 1013 1913 1913 1913 91 93 103 125 168 147 100 89 133 119 OS 144 98 239 472,105 + 46.4 164,123 + 35.8 232,326 + 82.1 67,941 + 154.1 1 151 -31.2 184 - 1.4 224 ! + 10.6 1, i 270 3S2 201 153 364 '.— + - 1.6 5.0 32. 1 2.8 Imports by Grand Divisions. K urope: Total France Germany Italv . .. United Kingdom North America: Total Canada South America: Total Argentina Asia and Oceania: Total Japan Africa total Grand total .. .thous. . thous. thous. thous. thous j 522,512 65.961 65,665 39.337 203.5fiQ 142 10G 83 125 194 - 3.4 - 10.4 — ti. 5 - 21. 1 + 6.5 55 56 78 121 98 112 155 218 159 1S3 1913 1913 195 221 232 356 318 180 239 239 276 306 325 + 306 + 1913 1913 139 208 200 252 323 285 508 634 281 706 299 !+ 6.4 792 + 12. 1 56.0 25.2 72.8 52.5 1913 1913 1913 1913 223 265 360 349 396 546 145 169 331 302 472 203 126 139 ! 131 140 166 178 ! 154 16S 108 i 1 1 4 125 , 121 118 118 132 133 j 134 133 112 131 105 139 97 144 119 127 j 150 , 163 129 1 89 i thous. thous. thous thous. of dolls.. of dolls . of dolls of dolls.. 486,816 312,003 148.200 118,400 31,900 55,110 1,158,946 1,767,663 + + + + 230 327 217 267 2.1 0. 1 3S1 407 + 6.S 321 ; 402 ! + 25.1 419 244 ! 453 + 8.0 249 + 2.3 TRADE AND INDUSTRY OF FOREIGN COUNTRIES. United Kingdom. Imports (values): Total .. thous of £ Food, drink, tobacco..thous. of £ Raw material thous. of £ Manufactured articles, thous. of £ Exports (values): Total thous. of £ Food, drink, tobacco..thous. of £ Raw material thous. of £ Manufactured articles, thous. of £ Reexports (values): Total thous. of £ Food, drink, tobacco..thous. of £ Raw material thous. of £ Manufactured articles, thous. of £ • Revised. j sterling . sterling.. sterling.. sterling.. 86,417 41,772 22,939 21,446 89,479 i 43,631 23,741 21,562 88,814 43,075 25,358 20,207 403,117 194,662 ! 113,642 ! 93,764 449,453 210,668 131,439 105,403 + 11.5 + 8.2 ! + 15.7 i + 12. 4 | : 1913 1913 1913 1913 sterling.. sterling.. sterling.. sterling.. 62,871 3,224 11,717 46,922 71,555 3,177 14,005 52,801 58,045 3,045 8,757 45,073 299,616 14,941 38,499 240,993 319.166 15,275 56,128 243,117 + 6. 5 | 1 + 2.2 ! !+ 45.8 i j + 0.9 1913 1913 1913 1913 127 111 sterling.. sterling.. sterling.. sterling.. 12,429 1,592 8,618 2,207 11,773 2,187 7,069 2,507 ! + + - 1913 1913 1913 1913 101 ; 91 ,i 135 ! 140 + 173 ; ISO + 9S , 163 117 240 154 3.5 4.5 ' + 3.5 + 05 , ,+ 13.8 - 1.5 ,+ 19.6 + 12.5 129 165 132 102 '+ !|+ 101 i 8,965 2,152 4,548 2,264 46,952 1 11,615 23,605 11,720 52,909 8,405 33,703 10,765 12.7 27.6 42.8 28.1 175 88 1 88 1 199 201 131 129 134 137 98 108 100 136 162 98 123 120 85 92 122 105 162 82 76 90 5.3 37.4 18.0 13.6 44 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL N O T E . — I t e m s marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items m a r k e d with a dagger (t) detailed tables were given in the J u n e n u m b e r (No. 22). For detailed tables covering other items, see the last quarterly issue of the SURVEY ( N O . 21). DATA. Corresponding month, April or May, 1922." CUMULATIVE TOTAL THROUGH LATEST MONTH. Percentage increase (+) or decrease (-) 1922 cumulative 1923 from 1922. 192.3 INDEX NUMBERS. 1922 Percentage I in|crease 1923 YEAR OR PERIOD. ! or decrease ;| Apr. May. ; F e b . I M~ay Mar. Apr. May. j from | Aor. 93 ; 91 86 65 59 77 89 94 ! TRADE AND INDUSTRY OF FOREIGN COUNTRIES—Continued. United Kingdom—Continued. Exports of key commodities (quantities): Cotton piece goods thous. of sq. yds.. Woolen and worsted tissuas thous. of sq. yds.. Iron and steel thous. of long tons.. Coal thous. of long tons.. Production: Pig iron thous. of long tons.. Steel ingots thous. of long tons.. Coal thous. of metric tons.. Stocks, zinc short tons.. 316,736 410,381 341,959 1,540,476 i 1,808,601 + 17.4 1920 82 | 92 111 jl+ 29.6 j 12,982 388 6,841 16,561 425 7,684 1,387 714 821 « 26,609 1,906 13,791 13,492 652 749 21,603 16,585 273 i 5,057 408 462 19,466 5,979 73,452 1,305 22,390 1,780 2,162 101,059 84,007 ! + 14.4 1920 64 75 | 1,854 :' + 42.1 1913 63 66 33, 255 '+ 48. 5 1913 67 83 ; 117 ; 112 3,111 + 74.8 1913 46 48 j| 3,704 + 71.3 1913 63 72 120,391 + 19.1 1913 75 16 80 " 1920 27 23 1 126 161 64 111 | 74 i ; 75 | + 27.6 103 | | + 9.5 126 jj + 12.3 76 84 | | + 9.5 126 ! 117 128 !!+ 9.6 93 I 115 ! 4 : 89 lie 109 |j+ 23.2 5 7 ji+ 37.4 Belgium. Production: Zinc Pig iron short tons.. thous. of metric tons.. 172 Canada. Total trade: 68,181 Imports thous. of dolls.. Exports thous. of dolLs.. 54,328 Exports of key commodities (quantities): Canned salmon thous. of pounds.. 1,979 Cheese thous. of pounds.. 610 Wheat thous. of bushs.. 5,143 Production: Pig iron thous. of long tons.. 84 Steel ingots thous. of long tons.. 93 Bank clearings mills, of dolls.. 1,218 Bond issues: Ciovt. and provincial thous. of dolls.. 10,500 Municipal thous. of dolls.. 4,493 Corporation thous. of dolls.. 3,225 Employment: Applications number.. 44,082 Vacancies number.. 42,393 PlacementsRegular number.. 24,047 Casual number Newsprint paper: Production short tons.. 100,742 Shipments short tons.. 100,874 12,338 Stocks short tons.. 78,378 Exports (total printing) short tons.. Business failures: j 231 Firms number.. | 4,386 Liabilities thous. of dolls..! 30,844 Building contracts awarded thous. of dolls.. 9,733 i 114 46,593 418 65,841 ,j + 41.3 + 57.4 1913 658 1920 57 I 185; 178 82 ! 83 174 i - 2.2 66,121 70,459 298,965 258,060 377,721 | + 26.3 1913 85 118 i 117 164 122 151 ||+ 23.6 76;049 332,445 + 28.8 1913 104 224 ! 187 248 173 242 |l+ 40.0 3,655 2,676 11,932 1,089 3,156 14,207 7,131 13,997 33,694 13,103 + 83.7 7,418 - 47.0 40,558 + 20.4 1913 62 168 129 113 208 |l+ 84.7 1913 24 3 1913 170 85 79 102 104 1,470 23 16 1,442 165 143 6,319 1913 27 1913 18 54 102 i 107 120 ||+ 11.8 1913 186 133 149 157 190 : + 20. 7 118,000 17,925 6,475 141,620 33,594 26,838 26,075 ! - 81.0 56,997 + 69.7 48,406 + 80.4 39,432 36,452 161,154 112,678 21,779 7,391 84,265 110,252 109,075 13,478 98,901 94,502 94,812 8,375 75,783 247 2,662 40,697 6 259 '4,908 34,827 16,688 9,812 1,859 4,376 11,782 8,491 1,461 3,627 5,920 2,800 5,550 1,800 336 1 + 103.6 381 +160.4 6,163 : - 2.5 5 21 ; |+338. 7 61 142 ! +132.0 77 I 100 121 | + 21.4 4 I 141 none 161 237 1913 186 123 266 113 47 1913 105 272 423 90 52 164,899 + 2.3 138,547 + 23.0 1920 95 110 | 91 106 1920 91 104 j 77 79 106 60,547 34,693 66,604 + 10.0 51,404 + 48.2 1920 71 85 1920 112 140 39 235 192 135 423,918 509,087 + 20.1 500,572 ;+ 16.6 429,339 1913 49; 79 1919 124 140 137 158 150 164 | + 9.4 1919 122 140 134 154 149 161 | + 8.1 1919 69 66 85 100 98 107 |;+ 9.2 370,862 457,913 | + 23.5 1919 111 137 i 153 206 ! 142 179 \\ + 20.2 1,327 1,418 i+ 6.9 1913 136 175 || 215 186 152 163 | + - 11.2 1913 317 423 j 397 370 j 316 192 | - 39.3 1913 92 109 42 62 ; 96 127 | + 31.9 206 194 !— 6. 1 i! 6.9 26,747 23,745 96,832 114,649 + 18.4 82,910 32,181 18,683 31,139 - 2 . 4 1913 219 137 212 + 8.1 + 50.5 + 126.3 1913 22 54 28 12 ! 17 62 I+ 273. 2 1913 35 29 118 62 1 27 36 i+ 35.3 1913 68 109 187 222 188 131 i ! - 30.3 214 200 286 j 329 229 - 30.4 247 357 549 ! 659 385 - 41.7 Argentina. firain shipments: Wheat thous. of b u s h s . . «17,773 Corn thous. of b u s h s . . 6 2,629 Oats thous. of b u s h s . . 6 1,374 Flaxseed thous. of b u s h s . . 6,280 Wheat thous. of b u s h s . . 8,510 Flaxseed thous. of b u s b s . . 4,800 84,977 j 29,765 j 12,416 13,759 j 217 Visible supply: « Revised. 18 Five weeks, other months cover four. 1913 1914 17 385 Nine months' average, April to December, inclusive. 45 BRADSTREET'S WHOLESALE PRICE INDEX.1 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 MONTH. Relative to 1913. ! : | I January... February. March April...... May June July August. 103 96 103 96 102 96 100 95 94 94 September. October November. December.. Yearly average. 99 105 104 106 119 149 195 201 221 137 123 121 151 196 191 227 134 124 123 153 196 187 226 129 126 128 158 200 188 225 123 125 106 106 107 107 128 164 205 187 225 117 127 127 168 206 196 216 115 129 125 174 208 205 210 116 131 124 178 207 217 204 120 131 128 181 207 211 195 131 184 206 212 184 139 185 205 216 170 148 191 206 219 148 120 121 123 123 131 136 145 150 128 170 203 203 97 94 9S 95 99 106 99 100 100 96 100 9S 106 108 113 116 1OO O7 1O7 204 123 132 1919 1920 1921 1922 i i Computed from Bradstreet's index using the 1913 monthly average of $9.2115 as 100. SALES OF ELECTRICAL ENERGY. GROSS REVENUE FROM SALES BY CENTRAL STATIONS.1 1913 1914 1915 1916 1917 1918 MONTH. Thousands of dollars. $28,700 $31,800 j $34,400 $38,100 $43,100 $59,200 $68,400 $73,700 $85,300 $99,400 February 27,300 30,200 ! 29,500 35,400 40,500 54,500 59,500 70,400 80,400 90,800 March 24,800 27,400 | 28,800 32,600 41,200 54, 300 50,800 70,100 79,300 90,500 April 24,600 27,200 | 28,700 32,000 42,600 53,200 56,300 08,200 77,800 83,700 82,000 January May 23,400 25,800 | 27,400 32,700 40,100 53,900 54,600 66,500 76,100 June 23,300 25,400 I 27,400 32,500 42,700 52, 500 53,800 68,600 73,700 81,800 July 24,500 26,800 j 27,000 31,700 37,900 51,300 54,900 70,200 73,500 81,500 August 23,000 25,000 27,900 32,800 12,800 53,800 55,700 72,600 76,000 86,100 September October November Pecember 24,400 27,400 29,600 31,200 26,200 29,100 34,200 45, SIX) 53, 400 57,800 75,700 80,500 92,200 28,200 : 31,500 37, P00 40, 500 54,600 62,100 78,300 84,700 98,100 30,000 34,000 W , 300 53, 900 60, 200 67,700 82,200 90,500 105,300 32,800 35, .500 59,000 l>4, 400 73,400 S6,4O0 95,000 110,500 26,017 28,067 30,100 35,458 | 14,925 60,083 73,575 81,067 91,825 Yearly average * | I 55,442 i i I 1 Gross revenue received from the sale of electrical energy as reported by the Electrical IVorld and represents the total receipts from the sale of electricity computed to 100 per cent of the industry on the basis of the percentage which the reporting companies bear to the installed central-station rating of the country. 4G COTTON. INDEX NUMBERS. Based on data from Government sources. [Base year in bold-faced type; numerical data on opposite page.] YEAR AND MONTH. Production (crop estimate).4 STOCKS, END OF MONTH. BeGin- , celpts nings.t into sight. ! , Lm- j Ex' ports. ports, I Relative to 1909-1913 average. 1909-1913 monthly average. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average. average. average. average. average. 100 Con- Relative to 1913. I Total [domestic ;! ginned. Mills. i Relative to 1914. Relative to 1913. Warehouses. ElseStocks where un(com- Sinned.7 puted).* World visible.* Relative to 1914. Relative to 1913. 100 2 1OO 1OO 123 100 86 - 1OO 124 2 101 2 105 97 1OO 86 SO 104 166 96 97 171 100 97 99 88 S8 99 158 81 111 161 127 87 87 80 114 55 117 141 92 92 77 92 47 113 88 88 87 144 75 100 103 103 78 246 71 01 62 86 114 74 76 75 82 152 70 43 102 118 117 66 138 49 134 52 50 92 44 70 52 C6 55 48 08 05 51 17 63 52 28 109 100 100 100 100 100 177 248 123 144 182 166 77 112 140 153 116 69 89 139 111 153 146 83 91 177 108 192 234 86 116 111 155 119 174 164 95 131 85 205 88 255 2€3 112 148 102 165 106 213 152 45 104 83 76 252 94 47 68 82 262 99 91 244 85 227 91 96 82 105 1921. January... February. March April May June July August. September. October November. December.. 156 321 332 312 379 99 298 328 145 98 285 286 143 205 95 269 231 216 182 89 244 192 144 85 158 83 211 161 58 97 149 75 197 159 281 120 127 ! 151 133 54 220 98 31 73 101 184 83 245 205 190 50 346 168 154 120 103 242 104 283 343 50 146 50 92 147 253 93 109 240 123 301 279 13 149 64 22 127 300 106 219 129 296 200 4 149 1922. I January... February. March April 76 207 65 109 197 124 263 175 140 40 270 47 98 181 US 239 157 126 295 <>3 108 159 116 213 118 116 74 82 92 134 109 182 83 110 May June July August. 51 71 65 103 112 106 145 60 97 42 62 08 106 88 99 111 34 83 33 42 51 95 09 91 85 12 •to 37 85 September.. October.... November. December.. ! 87 76 45 71 38 109 70 76 81 284 116 •23 51 103 125 79 7> 395 194 132 110 111 197 7S 109 179 244 118 120 26 126 337 84 109 92 31 334 183 83 219 72 103 24C 231 60 118 193 128 238 195 15 125 175 143 231 117 5 123 52 1923. January... February. March April MayJune.. July.. 72 518 127 154 148 19S 83 109 34 327 49 118 136 150 159 74 88 38 262 44 129 115 151 135 33 75 25 183 36 120 97 140 112 13 59 31 116 22 129 80 120 90 46 66 30 112 100 70 36 See footnotes on opposite page also. » Except receipts into sight, compiled by New Orleans Cotton Exchange, and world visible supply of American cotton, compiled by Commercial and Financial Chronicle. Production estimates from U. 8. Department of Agriculture, Bureau of Agricultural Economics; imports and exports from U. 8. Department of Commerce, Bureau of Foreign and Domestic Commerce; consumption and domestic stocks from U. 8. Department of Commerce. Bureau of the Census. Linters are not included in the statistics in this table, except in the exports. It should be noted that the monthly averages of stocks (except visible supply) and consumption are based on the crop year ending July 31 of the year stated, while for ginnings the average is for the crop grownI n the year stated. Other averages are based on the calendar years. ' These figures are for fiscal years ending June 30 of the year given; those following are for calendar years. i All bales are running bales counting round as half bales, except for imports which are given in equivalent 500-pound bales. 47 COTTON NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] S T O C K S , E N D OF MONTH. Production YEAR AND MONTH. Ginnings.5 (crop estimate).4 Receipts into sight. Imports. Exports. Consumption. Total domestic ginned. Mills. Warehouses. Stocks unginned.7 Elsewhere (computed). 6 World visible.* Bales.3 I1 1909-13 mo. av 1,077,758 13,033,235 1913 mo. av 14,156,486 1,203,092 a 20,309 a 727,048 482,194 1,346,275 1,761,029 1914 mo. av 16,134,930 1,325,487 1,035,730 a 20,558 «763,775 468,840 4,125,050 1,305,575 1,766,241 1,053,233 1915 mo. av 11,191,820 922,348 1,256,604 33,798 696,583 466,447 7,054,911 1,326,773 3,116,900 1916 mo. av 11,499,930 946,993 1,186,402 32,064 585,810 533,134 6,650,295 1917 mo. av 11,302,375 937,354 959,945 23,103 401,570 565,709 5,799,680 1,704,731 1,890,108 1918 mo. av 12,040,532 992,207 930,820 18,781 342,696 547,207 5,724,746 1,500,619 1919 mo. av 11,420,763 943,794 1,050,988 29,226 546,432 480,495 7,301,170 1,454,170 3,094,382 2,666,879 3,256,082 2,611,238 , 3,275,139 4,448,002 3,197,001 1,748,565 2,047,505 2,690,708 1,218,872 1,841,476 3,470,325 2,756,811 2,689,271 1,534,856 2,204,884 2,826,666 3,382,971 2,463,863 2,287,925 3,601,306 1920 mo. av 13,439,603 1,105,914 940,762 49,999 513,261 534,978 6,374,867 1,595,339 3,056,972 1,722,556 2,542,491 4,063,364 ! 1921 mo. av 7,958,641 664,815 1,036,637 23,137 540,435 407,723 8,437,245 1,181,390 4,484,135 2,771,712 2,983,776 4,588,^29 i 1922 mo. av 9,964,000 810,754 984,931 30,953 510,814 492,485 6,788,292 1,430,645 3,755,328 1,602,318 1,198,281 3,230,285 460,094 1,228,320 1,256,228 4,821,886 1921. 24,024 605,381 366,463 10,402,402 1,263,961 5,645,482 3,492,959 793 739 28,055 493,426 395,115 10,816,949 1 327 155 5,503,139 3,986,655 4,670 831 March 589 856 27,282 375,180 438,218 10 046,779 1 336 542 5 252,852 3,457,385 4 475,521 April 607 218 18,731 319,933 409,247 9,350,944 1 315 706 5 026 894 3 008,344 ' 4,434 379 May 845 725 10 542 477 389 440 714 8 456 753 1 280 723 4 738 267 2 437 763 6 668 667 659,900 9,849 495,590 461,917 7,526,072 1,203,364 4,300,386 2,022,322 4,454,124 607 788 3 452 598 962 410 142 6 534 360 1 111 147 3 723 213 1 700 000 4 108 428 620- 214 5 631 423 491 467 059 6 140 788 1 006 066 3 463 964 1 676 758 ', 7 491 991 3,723 986 January 1 256 228 February ! ! i June July 8,433,000 August 8 203 000 485 787 i September 7,037,000 2,434,605 1,179,916 6,362 532,839 484,718 7,593,912 1,118,045 4,312,135 2,163,732 ! 5,057,386 3,944,690 1 October 6,537 000 3,725,962 2,016,263 31,269 874,510 494,317 9,995,040 1 398 138 4,984,831 3,612,071 1,331,424 4,519,489 1 November 6,537,000 993,607 1,763,850 51,440 648,695 527,940 9,886,499 1,655,359 5,292,941 2,938,199 337,817 4,622,596 December 7,953,641 242,395 1,526,858 61,006 639,825 510,925 9,047,675 1 738 138 5,206,663 2,102,874 95,422 4,617,751 65 326 4,322,285 1922. ! January 30 096 914 329 42 093 475,910 526 698 8 137 761 1 668 668 4 621 708 1 847,385 February 65 326 478 213 54,761 338,440 472 336 7 464,650 1 595 242 4 214,862 1,654,552 3,890 580 ! 536,624 59,957 519,761 6,556,720 1 557 023 3 752 258 1,247,439 3,592,532 1 443 759 15 115 461,484 598,209 443 509 5 546 080 1 461 340 3 213 483 871 257 3 398 909 March 608 951 14,320 469,397 495,337 4,611 822 1 420 428 2 559 451 631,943 3,000 680 ! 506,575 491,079 509 218 392 922 373,742 458,002 1 330 903 1 218 388 1 488,165 356,612 125,000 2,567 689 2,839 88S 546,895 273,308 527,404 3,640,993 2,831,553 2,C04,940 1 953,478 1 12 662 8,587 14,481 1 024,994 1,549,789 330,157 8,911,877 1,597,056 1,393,812 9 4,628 368,890 495,344 5,153,804 1,065,117 3,217,639 871,048 5,846,042 2,228,591 Mav ! 11 065 000 July August 11,400,000 817,171 September 10,575,000 3,065,835 | October 10 135 000 4 256 833 ; 2,331,478 26,816 798,664 533 950 8,145,448 1 379 770 4 329 902 2,435,776 1,589 209 3,637,150 November December 10,135,00Q 1,178,305 2,155,597 49,550 858,337 577,561 7,976,767 1,721,425 4,198,095 410,904 3,876,414 9,964,000 280,763 1,510,011 68,525 607,853 527,945 7,232,140 1,921,295 4,074,945 2,057,247 1,235,900 130,141 3,811,650 76,447 3,359,121 i : i 1923. January 53,694 872,132 105,215 473,436 610 375 3 481 689 877,025 76,447 ] 410, 188 66,329 359,657 566,921 6,345,319 5,602,870 1 986 605 Februarv.... 2 021,903 2 804,494 776,473 2,733,781 March 452 817 53 ''19 318 210 623 105 ' 4 760 129 2 034 535 2 377 799 347 795 April 30") 058 37,068 262,753 577,306 3,995,324 1 889 218 1 966 441 139,665 2 335 063 1,812,705 May 374,977 23,593 160,368 020 965 i 3 279,112 1 1 621 2S0 I 579 606 13 367 214 851 ' 542 166 1 345 066 i June. July 1 232,888 79,016 1,432,114 1,108,674 II, 40.',000 l! See footnotes on opposite page also. « The yearly figures represent the latest revised estimates of total production for the year (not a monthly average). The monthly figures show the current estimates of total production as reported each month. & Figures for September include first 25 days of the month only; remaining 5 days are included with October. January figures cover the first 16 days of the month, and February figures cover all ginnings of the crop made after Jan. 16. 6 Computed from figures on ginnings, imports, reexports, exports (excluding linters), consumption, and mill and warehouse stocks, and corrected at the end of each crop year by reports to the Bureau of the Census. 7 Computed from total crop and ginnings to date. September figures are as of Sept. 25, January as of Jan. 16; otherwise as of last day of the month. 1 These figures represent world visible supply of American cotton. • Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October, 48 PUBLIC UTILITIES. INDEX NUMBERS. Based on data from Government and non-Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] TELEPHONE COMPANIES. YEAR AND MONTH. TeleCom- graph Total Net and Operat- Gross operat- operat- mercial cable teleing in- earning ings. graph operatcome. reveing tolls. nues. revecome. nue. i Relative to 1919. 1913 mo 1914 mo 1915 mo 1916 mo av av av av 100 ' Gross revenue, central station sales. Net earnings. Sf Relative to 1913. ELECTRICAL ENERGY. GAS AND ELECTRIC COMPANIES. TELEGRAPH COMPANIES. FUEL CONSUMPTION BY PUBLIC UTILITY PLANTS. Coal. 1OO 1OO 100 105 111 112 125 129 lTTl 7 m o a v 142 127 1918 mo. av . . 1919 mo av . 1920 mo. a v . . . 1921 mo. av 1922 mo av . . . 154 125 83 188 138 1OO 231 146 120 276 204 306 239 By fuels. Relative to 1919. 1OO ; : 1OO 108 i 108 110 116 !'i 121 125 136 105 135 121 173 84 78 150 121 213 1OO 1OO 173 134 231 1OO 116 88 209 141 283 106 106 103 77 215 166 312 111 105 104 225 184 353 76 power. i 103 78 Total. Gas. Oil. Relative to 1913. 104 PRODUCTION OF ELECTRICAL ENERGY. 1OO 106 100 ill 102 123 118 125 109 95 1OO 1OO 119 ! 115 112 90 109 111 97 119 127 1OO 113 108 j 1 I 1921. January February. . . March April 262 173 108 104 42 237 179 328 102 97 96 109 253 181 98 94 37 217 168 309 90 85 82 98 271 213 112 107 93 222 172 ' 305 90 92 87 105 110 98 111 277 232 103 101 75 215 108 i 299 83 92 104 100 107 83 93 112 101 109 96 83 99 116 100 100 100 84 111 108 101 101 101 88 125 131 105 99 109 | 98 101 I May June July August 278 223 280 218 109 275 184 103 99 278 193 108 105 ; September... October November December 275 219 110 107 i 112 289 220 110 108 86 287 220 99 98 80 288 172 104 104 111 ; 107 ; 102 70 212 101 105 88 204 147 50 198 137 283 283 78 198 131 292 ! 293 I 203 ! 217 225 241 150 170 i 193 210 ! 309 88 128 133 114 91 128 326 94 128 128 110 93 120 348 95 124 124 112 100 120 365 99 129 110 118 109 123 1922. January February.... March April 291 241 220 ss 54 | 224 202 i 102 100 ! 231 ; 201 I 97 78 ! 223 196 123 i 222 220 UK 282 218 01 300 244 107 305 250 102 May June July . . . August 305 243 113 307 246 115 108 I 109 304 217 108 103 309 231 120 113 September... October November.... December . 312 245 122 319 273 126 317 236 324 ! 04 : j JM 120 92 117 106 124 349 89 108 90 107 100 111 348 93 103 90 118 121 116 322 84 89 104 111 122 104 315 84 124 118 135 107 85 93 100 118 130 111 119 128 114 128 215 166 314 83 210 147 313 ! 88 110 131 146 119 214 132 331 ; 96 142 171 126 123 127 114 128 220 160 354 99 148 175 125 116 130 117 129 238 171 377 112 142 159 134 111 147 114 108 100 247 215 405 115 135 134 136 112 150 249 116 107 138 257 218 425 123 142 108 142 326 266 118 j 110 120 270 257 451 122 136 118 147 133 155 315 362 108 i 100 86 «250 «239 422 111 127 102 133 121 141 338 299 126 116 108 »257 »253 115 125 127 146 143 148 335 275 116 ! 107 92 101 107 129 138 147 133 109 155 143 156 135 ! | i ! 158 J923. January.. February March April May 121 112 93 420 412 i ! j ! 101 j July 1 See footnotes on opposite page also. Telephone earnings are the combined reports of 13 largest telephone companies, and telegraph earnings are the combined reports of the Western Union and Posta I Telegraph Cos., as reported to the Interstate Commerce Commission; gas and electric earnings are the combined reports to the U. S. Department of Commerce, Bureau of the Census, of 73 companies or systems operating gas, electric light, heat, power and traction services and comprising most of the large companies in the United States. Gross earnings are in general the gross operating revenues, while net earnings in general represent the gross less operating expenses and taxes, but owing to a lack of uniformity i p the accounts of individual companies, it has not beep possible to secure tEese actual items for each company, and in such cases the nearest comparable figures have been 1 49 PUBLIC UTILITIES. NUMERICAL DATA. Data from Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] TELEPHONE COMPANIES. YEAR AND MONTH. TELEGRAPH COMPANIES. GAS AND ELECTRIC COMPANIES. ELECTRICALENERGY. Gross Net earnearnings, i ings. Gross revenue central- i Coal. station \ j sales. TeleNet Com- graph Operand Total opermer- cable operatcial operat-| ating ining rev- ating graph inenues, come. ing tolls. revenue. FUEL CONSUMPTION BY PUBLIC UTILITY PLANTS. Short tons. Thousands of dollars. 1913 mo. av. 1914 mo. av. 1915 mo. av. 1916 mo. av. 1917 mo. av. 1918 1919 1920 1921 1922 mo. mo. mo. mo. mo. $13,132 $3,710 13,722 3,709 14,527 4,139 16,452 4,785 18,700 4,700 $5,898 av. av. av. av. av. 1921. January February March April 4,649 5,104 5,415 7,573 20,225 24,635 30,320 36,265 40,204 $7,674 1,282 8,477 i 6,287 ! 7,596 10,095 1,636 || 9,113 11,698 1,438 |! 8,043 10,371 1,265 1,697 10,608 8,435 10,480 9,457 10,772 10,163 j ! | i 689 599 1,524 1,228 69,546 18,167 63,820 | 17,067 65,325 ; 17,457 63,245 16,981 85,300 '; 2,984,154 80,400 2,629,563 79,300 2,641,588 77,800 2,416,579 36,560 36,743 36,160 36,566 8,275 8,084 6,829 j 7,178 8,123 8,283 7,805 8,239 10,315 10,601 9,989 10,615 ! I I | 1,251 1,434 816 1,270 62,163 59,905 58,212 58,098 76,100 73,700 73,500 76,000 September October November December 36,067 8,132 ] 37,905 8,168 : j 37,657 | 8,172 \ 37,871 8,333 8,371 7,526 7,884 10,812 10,913 9,857 10,486 | 1,835 I 1,409 1,311 j 1,815 59,702 15,182 63,753 17,240 66,004 i 19,514 70,800 I 21,232 1932. January February March April | 7,451 6,950 8,117 7,766 9,586 8,932 10,302 9,808 1,042 883 1,643 1,275 70,899 22,246 65,661 20,500 67,725 ! 20,360 65,581 19,886 99,400 90,800 90,500 83,700 8,149 8,073 9,070 9,272 16,284 14,873 13,926 13,267 j 40,059 40,252 39,889 40,572 9,013 I 9,137 | 8,055 ; 8,585 | 8,620 8,744 8,198 9,079 10,882 10,967 10,363 11,381 2,008 2,101 1,364 1,944 65,295 j 18,364 63,259 j 16,834 61,612 14,S67 62,974 13,353 September October November December 40,930 41,936 41,691 42,489 9,092 j: 10,125 ! 8,767 ! 9,246 9,261 9,564 8,678 8,796 11,521 11,820 10,885 10,850 2,090 2,109 1,636 2,265 64,484 69,866 72,539 75,502 May.. June. July.. j i ' \ | By water By fuels. power. Thousands of kilowatt hours. 16,255 17,325 21,771 22,106 897,088 1,707,413 781,436 ! 1,464,682 848,866 1,548,664 843,193 1,853,783 3,541,493 3,178,624 3,394,987 3,239,784 1,217,158 1,345,809 1,245,000 1,437,587 2,026,245 1, 1,196,616 1,345,507 1,308,272 2,198,804 1,982,008 2,049,480 1,931,512 2,283,764 2,194,130 2,537,652 853,380 916,088 1,026,568 1,149,935 ' 1,994,126 2,068,248 1,929,148 2,329,609 3,269,127 1,327,497 1,941,630 3,244,093 ! I 1,215,972 2,028,121 3,269,709 1,224,813 2,044,896 3,410,701 1,199,995 2,206,706 80,500 2,586,033 84,700 | 2,758,774 90,500 2,777,483 95,000 2,902,987 1,179,250 1,181,457 1,145,922 1,191,752 2,381,628 2,279,880 2,212,562 1,962,781 3,687,609 3, 574,339 3,639,393 3,819,692 1,101,576 1,137,123 1,217,833 1,322,101 2,586,033 2,437,216 2,421,560 2,497,591 2,953,540 2,593,259 2,722,146 2, 456, 592 1,108,413 995,826 949,952 824,097 1,633,907 1,599,967 1,598,961 1,850,180 3,805,748 3,467,846 3,820,812 3,596, 520 1,293,439 1,220,922 1,467,832 1,488,305 2,512,309 2,246,924 2,352,980 2,108,215 ; 2,212,847 I 2,344,788 2,606,783 | '' 3,056,137 | 3,823,591 3,835, 430 3,871,324 4,074,908 1,646,074 1,587,943 1,556,956 1,494,766 2,176,917 | 2,247,487 2,314,368 j 2,580,142 i! May June July August 1923. January February March.... April M cubic feet. 55,442 60,083 I 2, *25, OH f2), 833 j 1,783,833 j| 3,243,403 73,575 3,093,655 | 1,093,559 2,058,509 3,629,573 81,066 2,631,107 i 1,001,245 1,977,710 3,439,130 91,825 2,849,397 1,099,444 2,264,511 3,975,237 8,183 7,412 8,535 7,823 38,183 j 36,998 ! 39,393 40,058 Barrels. Total. 44,119 I 12,232 50,734 13,609 61,342 ; 14,311 63,252 | 16,812 66,199 18,612 6,434 6,706 7,896 8,599 I J ! | Gas. $29,369 810,132 $26,017 28,067 j 30,716 I 10,478 30,100 | 31,592 i 11,112 ' 35,479 \ 12,657 35,458* 39,508 j 12,304 $1,711 44,925 i 34,394 i 33,206! | 35,650 | I 36,398 I May June July August.. Oil. PRODUCTION OF ELECTRICAL ENERGY. 2,415,263 2,434,349 2,453,945 2,572,569 j 82,000 81,800 81,500 86,100 92,200 98,100 | 105,300 I 110,500 85(5,173 2,471,123 | 919,960 2,486,099 i 2, 563,580 1,010,117 j 2,816,678 1,311,945 ! ! 2,898,986 1,361,387 j 3,275,204 : 1,308,836 3,357,966 ' 1,239,693 3,597,590 j 1,306,930 1,358,292 | 2,690,912 1,352,495 2,979,910 1,366,554 3,047,073 1,416,860 3,194,586 | 3,125,059 2,833,831 2,383,280 1,928,396 j 4,049,204 ! 4,332,405 •[ 4,413,627 |! 4,611,446 2,096,496 1,823,411 2,271,937 2,297,450 4,753,826 4,324,278 4,727,964 4,473,472 1,620,311 1, 467,343 1, 719,362 1,783,652 3,133,515 2,856,568 3,008,602 j 2,689.820 | 999,705 2,766,262 4,630,473 1,901,400 2,729,073 [ ]l 42,841 41,317 44,324 43,952 9,879 13,447 11 102 10,21? 8,986 8,166 9,565 8,788 11,130 10,094 ! 11,699 10,842 1,961 79,442 1,413 , * 73,569 1,775 2 75,385 1,499 9,177 11,266 1,518 25,998 117,400 | 3,556,807 | 1,255,973 24,171 109,800 | 3,248,979 1,165,769 2 25,616 t 109,200 | 3,351,167 | 1,151,107 107,200 { 2,967,707 980,689 2 ! 2,943,242 | i See footnote on opposite page also. taken. Also in some cases the figures for prior years do not cover exactly the same subsidiaries owing to acquisitions, consolidations, etc., but these differences are not believed to be great in the aggregate. Gross revenue received from the sale of electrical energy as reported by the Electrical World represents the total receipts from # the sale of electricity computed to 100 per cent of the industry on the basis of the percentage which the reporting companies bear to the installed central station rating of the country. Fuel consumption by public utility plants and production of electric power from U. S. Department of the Interior, U. S. Geological Survey. 8 One company missing. 50 MISCELLANEOUS. (A) INDEX NUMBERS AND (B) NUMERICAL DATA. Data from Government and non-Government sources. [Base year in bold-faced type.] AUTOMOBILE PRODUCTION, i STOCKS OF CRUDE PETROLEUM.' Total for comYEAR AND MONTH. parison. Fall River mill dividends* Total (quarPasat terly) senreger. fineries. Rela- Relative to tive to 1913. Relative to 1919. 1913. SANITARY ENAMEL WARE.* SmallTrucks, Baths. ware. Relative to 1921. Relative to 1919. STOCKS OF CRUDE PETROLEUM.* Total for comparison. At tank farms At and pipe refinerlines ies. (as reported.) m o . average., mo. average, mo. average, mo. average, mo. average, mo. average. 100 118 139 138 122 1919 mo. average. 1920 mo. average. 1921 mo. average. 1922 mo. average. 105 127 152 234 100 114 138 221 108 107 1913 1914 1915 1916 1917 1918 1920. January February... March . April 100 59 55 114 203 291 1,958 2,115 6,167 7,500 10,680 18,938 138,138 156,930 127,616 194,642 26,364 26,837 12,020 20,269 165,347 193,433 231,520 222,433 29,420 31,276 36,031 39,342 209,433 179,433 171,347 171,348 35,308 30,276 28,420 28,419 3,633 142,347 87,347 1,521 47,086 21,420 19,420 14,85.6 7,856 4,831 7,830 13,328 18,070 23 28 41 72 145,914 103,886 5 5,682 13,526 100 114 93 141 100 110,026 133,115 159,237 245,673 14,935 16,954 20,651 32,932 1,221 2,521 779 762 88 120 112 112,874 13,201 90 140 119 111,981 13,501 14,346 15,146 91 106 96 105 101 235 486 150 147 448 105 56 144,5£6 128,201 102 45 • 100 6 100 76 335 312 168 137 111,144 161 149 110,732 152 134 110,653 130 115 113,029 2,325 May June July August.. 105 103 108 108 108 114 124 108 113,815 110 120 124 108 115,699 15,331 16,172 17,086 17,961 September.. October November.. December... 128 126 103 81 130 129 63 74 133 143 136 142 134,360 136,285 139,234 142,442 18,830 19,238 21,374 21,261 120 141 31 18 126 150 49 30 133 142 94 51 125,589 132,222 139,499 146,399 21,064 22,412 21,147 21,055 43,086 68,088 936 i 130,263 176,439 177,438 150,263 165,574 167,705 1921. January February... March April 502 700 293 180 45 56 34 30 141 128 148 139 128 69 155 141 109 54 Baths. Small- Number. 38,458 45,307 68,218 124,46£ 145,066 77,199 $519 306 285 593 1,054 1,512 101,962 123,709 33 49 SANITARY ENAMEL WARE, UNFILLED ORDERS/ B.—NUMERICAL DATA. 28 90 PassenTrucks. ger. Thousands of dollars. Thousands of barrels. A.—INDEX NUMBERS. Fall River mill dividends • (quarterly). AUTOMOBILE PRODUCTION.^ 2,605 •40,816 136,614 403,5£6 18,070 14,328 10,766 13,080 43,668 51,344 47,357 42,218 169,467 173,151 145,166 123,202 13,648 12,813 10,010 8,307 43,375 39,412 30,763 29,987 117,101 119,087 93,168 93,744 i May June July.... August.. September.. October November. December.. 148 161 128 120 41 162 110 | 121 50 165 120 ! 105 52 98 49 77 38 51 32 i 143 166 170 177 146 |L 178 j | 130 107 126 116 103 131 134 112 95 155,267 162,463 168,821 169,682 20,816 21,009 19,116 16,374 104 97 74 73 91 92 72 73 172,874 174,149 178,260 185,623 17,991 18,404 21,856 26,562 See footnotes on opposite page. 767 742 144,669 134,734 106,042 673 ,j 70,690 | , i I | ; j ! j 51 MISCELLANEOUS—Continued. (A) INDEX NUMBERS AND (B) NUMERICAL DATA—Continued. SANITARY STOCKS OF AUTOMOCRUDE PEENAMEL BILE PROTROLEUM.* i Fall DUCTION.' WARE.* River \ j mill ! diviTotal Total ;dends (quar- Pasfor at terly). sen- Trucks.; Baths, Small, comware. YEAR AND MONTH. ; pari- finerger. son. ies. | Rela- Rela- | Relative to tive to I tive to j 1913. 1919. I 1913. Relative to 1921. Relative to 1919. STOCKS OF CRUDE PETROLEUM.* I Fall River j mill ! divi- 3 At tank | dends farms ! (quarAt and pipe refinerterly). lines Total for compari- | (as reson. ported). ies. 1922. January February March April May June.... July August.. September... October November... December 1923. January February March April May.. June.. 205 59 36 105 • 199 178 j 79 50 106 211 210 | 219 ; 235 238 ; 244 242 ; 211 125 ; 89 ! 208,851 ; 30,636 81,693 9,416 26,580 109,171 13,195 | 31,298 152,959 19,761 197,216 22,342 42,908 43,368 45,868 66,743 232,431 I 23,788 263,027 I 25,984 224,770 21,837 248,122 24,467 146,129 177,197 191,038 175,791 436,787 | 486,331 557,488 508,005 187,661 | 216,099 j 215,284 ! 207,269 | 19,188 21,512 21,683 20,050 183,343 176,047 188,023 202,912 513,113 512,286 '600,466 640,440 223,706 j 254,650 318,424 344,474 19,377 21,815 34,593 37,527 248,627 291,549 298,953 305,731 829,235 997,126 1,056,942 1,100,340 350,180 42,983 286,078 1,066,772 111 75 112 107 221,588 ! 143 85 164 ! 159 235,962 168 £0 358 : 338 247,093 190 99: 434 | 376 255,817 | 35,476 236 162 83 468 431 261,395 ' 35,287 180 93 431 393 262,707 , : 34,030 251 136 73 449 ; 397 156 82 431 I 396 156 S2 , 461 465 252 225 219 219 j 226 150 76 497 495 263,761 265,073 : 265,017 ! 264,578 33,615 32,766 | 32,765 | 33,805 251 200 ; 162 73 609 j 642 247 188 184 S3 714 771 732; S18 126 '. 255 208 '! 260 210 !. 267 211 !. 136 143 231 131 249 142 250 162 749 . 701 650 36,178 228 ' 252 $1,097 32,752 256 125 Number. ; 196,228 100 249 253 Smallware. B.—NUMERICAL DATA. 187 225 SANITARY ENAMEL WARE, UNFILLED ORDERS .4 Passen,-! ; Trucks. Baths. ger. ! Thouj sands of I dollars. Thousands of barrels. A.—INDEX NUMBERS. AUTOMOBILE PRODUCTION.1 I |i :| !! 851 263, 23o 258, 781 267, 209 272, 616 252,961 255,385 258,738 264,627 29,914 28,113 31,133 31, 343 825 279,877 273,157 31,511 I 647 654 707 128,811 114,967 138,374 206,084 741 !. 1 Yearly figures of automobile production through 1921 from the National Automobile Chamber of Commerce; monthly figures from January, 1920, through June, 1921, estimated by the Cleveland Trust Company on the basis of shipments; beginning with July, 1921, current production compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of the National Automobile Chamber of Commerce, to which are added reports from outside manufacturers, representing practically 100% of the total2 production of the industry. Stocks of crude petroleum included in "Total for Comparison'5 are from the U. 5. Department of the Interior, Geological Survey, and include pipe-line stocks and tank farm stocks, producers' stocks in California, and stocks of Mexican petroleum held by importers. Beginning with January, 1923, topped oil and imported oil at refineries have not been reported by the Geological Survey, but the imported stocks reported by the Bureau of Mines have been added to the Geological Survey figures to compensate for the exclusion of the latter. This change in the method of computation reduced the January, 1923, total from 264,675,000 to 203,235,000 barrels, an almost negligible ( ifference. Beginning with January, 1923, the Geological Survey total of stocks, pipe-line tank farm producers' stocks in California, and imyoitfd cil held cutsice refneiies are given in the separate column, headed "As reported." Total at refineries is from U. S. Department of the Interior, Bureau of Mines, and includes both imported and domestic oil. 3 Dividends paid each quarter by Fall River textile mills obtained from Bradstrcets. * Unfilled orders of sanitary enamel ware compiled by the En-.inid Sanitary Ware Manufacturers' Association, said to represent about 9S per cent of the total output of this industry in the United States. 6 6 months average, July to December, inclusive. 6 8 months' average, May to December, inclusive. 52 WORLD PRODUCTION OF COTTON.* 1 ! Country World total. Peru. United States. Mexico. India. June. August. August. November. j New crop available Brazil. Egypt. September. September. Thousands of bales (478 pounds net). Normal consumption (1909-1913). 1915 1916 1917 13,033 16,135 11,192 11,450 11,302 193 108 95 103 135 3,584 4,356 3,126 3,756 3,390 322 387 282 281 345 1,453 1,337 980 1,048 1,304 1918.. 1919. 1920.. 1921.. 12,041 11,421 13,440 7,954 203 199 188 126 3,324 3,735 339 384 451 612 1,155 1,251 902 9,762 1115 * 4,348 553 1,015 1909-1913 average. 1914 1922, latest estimates. 1923, latest estimates. 1 17,795 From private sources. 4,850 3,013 21922 acreage 12,496,000 compared w i t h 11,976,000 in 1921. WORLD PRODUCTION OF WHEAT* World total. Country New crop available Argentina. Australia. India. United States. Spain. Italy. France. January. January. March. July. August. August. August. August. August. Germany. Rumania. Canada. September. Millions of bushels. Normal consumption (1900-1913) 1909-1913 average 1914 . 1915 1916 1917 1918 1919 1920 1921. . 64 37 301 531 136 236 361 221 34 116 3,577 3,586 157 114 85 103 351 312 687 130 116 183 317 283 152 87 49 4,199 12,609 169 173 25 80 179 152 377 323 282 197 161 394 263 184 172 214 170 115 76 46 146 370 280 377 250 181 128 109 366 402 » 2,288 1 12,804 . . 12,743 12,868 13,069 . 1922, latest estimates 13,113 192S lrit^st flStlTTlfltP^ 1 i 189 891 1,026 636 139 152 170 171 177 223 146 142 205 135 *110 182 «86 «80 •83 «108 »18 »66 *70 «76 189 193 263 301 «76 «83 400 300 637 143 140 921 968 833 814 136 129 139 145 170 141 194 226 *187 «237 «323 862 125 162 «243 835 183 89 78 234 « New boundaries. Russia excluded. No accurate statistics are available. • Excludes Alsace-Lorraine. * Former kingdom, Bessarabia and Bukowina. • Excludes Dobruja. * Data compiled by U. S. Department of A griculture, Bureau of A gricultural Economics, and corrected monthly in accordance with latest available information received that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested. 53 WORLD PRODUCTION OF CANE SUGAR AND FLAXSEED.* FLAXSEED. CANE S U G A R . Brazil. Java, Hawaii. Cuba. YEAR. World total. May. Oct. Oct. Nov. Dec. Dec. Jan. Dec. Thousands of short tons. 9,971 11,293 12,776 13,442 14,508 13,324 13,799 13,656 14,698 1,514 1,054 1,797 2,009 1,960 1,478 1,473 1,579 1,858 311 247 139 311 246 284 122 176 <328 »38 344 486 413 493 440 496 580 676 567 646 593 645 577 600 556 522 522 363 346 484 503 454 406 485 490 408 2,295 2,967 3,437 3,442 3,957 4,597 4,209 4,408 *4,476 2,614 2,757 2,950 3,058 3,708 2,617 3,361 2,826 2,911 1922 latest estimates 1923 latest estimates 14,857 1,993 <295 »532 «592 «393 »4,183 * 3,347 2 Louisiana and Texas. 8 Exports. i Apr. Aug. Aug. Thousands of bushels. 1909-1913 average 1914 1915 1916 1917 1918 1919 1920 1921 1 United States. Argentlna. India. World total. 110,992 94,559 103,287 82,151 41,063 61,821 61,692 87,964 83,288 From private sources. 31,989 36,928 45,040 39,289 4,032 19,588 30,775 42,038 50,470 19,870 15,448 15,880 19,040 21,040 20,600 9,400 16,760 10,800 19,505 13,749 14,030 14,296 9,164 13,369 7,256 10,774 8,029 12,040 7,175 10,62S 8.. 260 5,935 6,055 5,473 7,998 4,112 32,272 44,000 17,360 12,238 3,685 « Louisiana and Texas. WORLD PRODUCTION OF BEET SUGAR * World totaU United States. Ger- CzechoNethermany. slovakia. Russia. Poland. lands. Belgium. France. Italy. Denmark. Sweden, i Spain. YEAR. Thousands of short tons. 1909-1913 averace 1914 1915 1916 1917 1918 1919 1920 1921 ; ....... 1922 latest estimates 1923 latest estimates . 8 432 8,331 6,056 5, sos 610 2,296 1,017 1,726 722 2,721 1,004 1,879 374 1,678 812 1,824 239 264 821 1,721 805 1,457 293 2S6 5,208 765 1,726 5S4 1,134 263 215 4 592 761 1,484 6SS 318 249 3 490 726 SOS 559 86 4 997 l,0S9 1,212 770 5,499 < 1,074 1,429 720 25 618 1,635 ; »799 246 276 759 209 116 128 154 316 215 334 166 112 168 170 120 150 166 117 143 140 140 204 160 139 124 151 136 221 162 154 149 144 182 78 121 120 169 156 141 106 263 152 171 185 91 149 141 55 195 314 268 370 150 104 168 181 55 j 198 421 325 <315 244 80 158 259 291 »172 2 102 »79 "217 279 »292 3 291 ! 4 «302 496 3 i Crops in all countries here given are harvested beginning in September. * From private sources. 3 Includes Ukraine: data from private sources. « Refined sugar in terms of raw on the basis of 95 per cent of the raw. WORLD PRODUCTION OF RICE.* Country World total. New crop available.. India. Apr. Spain. stated. Apr. Aug. Sept. Sept. Japan. Nov. s£ p Indies. P'nes- Dec Dec. Millions of pounds (cleaned). Normal consumption (1919-1913).. 1909-1913. 1914 1915 1916 1917. 1918 1919 1920 1921 1922 latest estimates.. 1923 latest estimates.. 110,780 102,986 114,500 112,300 122,000 97,400 117,200 90,777 120,797 67,891 375 518 72,950 61,022 73,526 77,932 81,198 55,218 71,613 62,793 74,437 5.53 81 542 237 487 692 607 634 472 481 657 804 1,135 965 1,072 1,166 1,446 1,045 646 741 763 708 716 712 662 997 641 297 337 320 329 322 282 412 394 356 14,602 14,009 17,909 17,569 18,360 17,143 17,184 19,106 19,849 17,336 3,323 3,465 7,051 6,430 5,669 1,124 1,404 1,109 1,289 1,745 2,210 1,977 2,127 2,560 74,222 *33 1,166 »633 373 19,067 6,451 2,517 7,349 7,826 1 Java and Madura. * Acreage about half of normal: Summer crop only given. * 1922 acreage 296,500 compared with 286,400 acres in 1921. * Data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information received by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested. 54 IMPORTS INTO THE UNITED STATES. (A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type.] Total. YEAR ANP MONTH. 1913 m o . average.. 100 1914 m o . average.. 100 Crude Foodstuffs Food- ManuManumafacin facstuffs terials crude tures tures partly for Misfor condiready or use cellation for wholly further in neous. use hi ; conand manumanu- food manu-\ sumpfacfacfac- I tion. anitured. turlng. turing. mals. O n rip Food- i Foodstufls mateVials i snt u f f s #«». 11 «=« crude partly or in manu- condition wholly facturin^ and food manufacturing. a n l m a l s # tactured. Total. Manufactures Manufor Misfurther factures ready j cellause in for con- j neous. manu- sumption. facturing. Relative to 1913. Thousands of dollars. A.—INDEX NUMBERS. B.—NUMERICAL DATA. 100 99 i 100 100 100 100 100 106 129 81 99 118 1915 m o . average.. 99 115 110 138 77 71 92 1916 mo. average.. 133 167 , 118 171 123 84 134 1917 m o . average.. 165 209 | 175 177 159 94 120 1918 m o . average.. 169 202 j 156 200 191 98 91 1919 m o . average.. 218 277 ; 247 280 179 119 179 $149,3 !! $50,462 149,130 49,790 57,991 148,216 84,132 199,303 105,682 246,039 1920 m o . average.. 295 290 | 261 625 236 212 213 1921 m o . average.. 140 138 186 101 150 136 1922 mo. average.. 174 141 I 192 I 149 196 162 161 127 252,609 325,367 439,950 209,085 259,379 January... February.. March April 140 125 156 194 114 149 120 208,814 130 146 148 230 102 130 145 214,525 169 161 160 313 110 162 197 251,989 170 164 188 308 113 155 96 254,571 May.... June July.... August - 137 131 71 204,911 92 145 87 185,680 120 126 93 152 47 178,637 130 142 216 129 100 164 150 135 145 104 104 103 85 124 89 145 176 194,768 | September 120 121 90 111 93 157 253 179,283 I October 126 118 127 145 98 150 161 188,028 November 141 130 107 155 136 211,027 December 159 180 178 154 113 149 156 237,373 January.. February March April 145 164 149 158 107 145 87 217,195 144 160 121 168 120 144 99 215,743 171 172 156 218 151 174 146 256,178 145 138 140 197 131 148 81 217,073 May.... June July.... August. 169 174 170 211 140 169 83 252, 817 174 181 142 226 164 170 66 260,391 169 173 150 144 70 252.128 219 122 233 257 171 188 171 162 158 281,413 $18,413 19,561 20,242 21,678 32,144 $16,518 21,378 22,770 28,226 29,287 $28,355 23,006 21,748 34,822 45,124 $34,401 $1,234 1,459 33,936 24,335 | 1,130 28,798 • 1,648 1,476 32,327 101,760 139,521 146,073 71,090 96,811 28,795 45,441 48,136 25,331 27,485 33,114 46,308 103,179 30,737 32,357 54,080 50, S60 66,835 2S, 669 45, 854 33,742 41,028 73,094 51,577 55,304 63,047 73, 673 81,417 82,535 28,740 27,334 29,454 34,528 32,017 32,339 28,940 31,257 31,976 51,187 65,868 68,085 63,760 71,525 26,717 19,143 19,215 18,522 60,813 59, 460 70,030 94,016 16,588 23,326 20,338 32,707 82,639 80,971 86,910 69,804 27, 498 25,900 22,370 27, 762 28,756 36,014 25,711 1,117 2,210 2,633 1,681 1,568 1921. 1,485 44,798 1,791 55,781 2,426 53,445 1,189 24,096 26,039 26,263 25,171 51,710 872 1,076 583 2,176 2C>, 324 27,707 30,398 32,083 53, 073 51, 665 53, 365 51, 171 3,118 40, 811 49, 375 59, 880 50, 820 1,075 32,482 30,272 34,041 42,820 37,252 31,264 34,785 39,595 26,170 37,346 46,471 27,596 38,511 48,398 22,489 42,405 48, 431 58,208 58,439 49,464 55,858 37,988 51,653 50,898 35,648 21,328 16,465 27,005 18, 46r> 23,883 26,20") 2o,473 50,009 52,351 49,879 1,987 1,682 1,924 1922. September.. October November.. December.. 87,877 91,146 87,298 110,286 1,224 1,797 1,004 1,028 818 861 1,944 18,769 24,023 41,026 37,465 30,324 65,685 32,650 32,319 56,195 31,228 26,539 57,194 54,038 71,952 58,866 52,655 139,205 28,569 28,596 398,178 144,655 38,300 87 364,230 142,442 32,856 31,265 38,579 71,024 60,628 65,240 55,332 73,048 64,821 63,929 52,320 69,830 62,400 1,695 127,558 40 373,244 59,893 73,774 05,320 495 153 172 102 145 145 157 334 228,795 231 272 203 184 232 209 185 b45,083 195 219 177 196 198 171 95 291,906 196 246 170 161 202 153 142 293, 464 86,818 137, 378 110,705 124,091 January | February... March. April.. 221 276 155 230 186 137 329,903 203 253 155 234 195 152 83 303,413 267 287 208 430 258 203 107 244 282 178 367 229 181 May..... June..... July...,. August., 250 4,121 2,279 1,171 1,757 1923. 1 287 157 363 260 190 Data from U. S, Department of Commerce, Bureau of Foreign and Domestic Commerce, 144,924 28,839 1,029 1,322 1,073 55 EXPORTS FROM THE UNITED STATES. (A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type.] Manufac- i tures I for I c e l l a " i con|neous.| sump- i tion. j YEAR AND MONTH. TotaI « Crude materials for use in manufacturing. Foodstuffs in crude condition and food animals. ManuFood- factures Manufor stuffs Mispartly or further factures cellaready use in wholly for conneous. manu- manufactured. factur- sumption ing. Relative to 1913. Thousands of dollars. A.—INDEX NUMBERS. B.—NUMERICAL DATA. 1913 mo. average.. 1914 mo. average.. 1915 mo. average.. 1916 mo. average.. 100 100 85 278 ! 172,675 143 1,514 | 291,104 221 1,162 ! 451,887 1917 m o . average. . 252 641 |i 513,934 1918 m o . average.. 247 233 503,990 1919 m o . average.. 317 160 645,818 1920 m o . average.. 330 145 673,402 1921 m o . average.. 179 97 1922 m o . average.. 154 $204,024 $64,017 40,938 47,280 60,118 65,061 $14,121 $27,023 22,939 25,727 38,470 45,880 35,107 54,003 42,406 67,228 $65,120 | $676 27,949 39,641 76,022 109,835 53,243 | 1,877 109,584 j 10,238 218,780 ; 7,857 225,066 | 4,337 i 313,766 79,432 134,178 155,902 81,997 81,780 45,620 56,530 76,498 57,687 38,196 642,363 473,693 369, 463 339,915 112,356 85,164 69,164 57, 459 75,452 60,748 52,712 50,105 322,468 329, 774 314,204 365,560 74,416 74,030 75,890 69,483 319,299 337,121 289,577 291,297 68,391 121,322 88,545 89,950 274,633 246,357 323,452 310,959 117,152 163,551 93,080 55,805 49,020 87,773 76,854 79,909 33,270 36,480 172,437 213,625 267,032 135,497 107,698 ; 1,577 j 1,079 ! 980 654 ; 592 85,428 299,077 218,283 157,646 142,653 1,136 50,808 68,915 45,271 32,618 28,270 59,302 62,779 58, 522 105,871 47,991 52,639 57,929 66,607 49,948 26,873 26,095 25,064 90,560 113,168 95,495 98,042 251 67,869 40,205 30,052 28,737 62,936 91,296 08,323 95, .'38 98,370 512 38,282 28,295 28,129 33,260 35,145 72,838 55,895 73,001 79,511 31,054 43,019 27,799 45,164 34,507 | 58,899 31,174 I 47,372 35,143 32,193 43,632 37,969 91,810 84,684 112,765 113,876 307,569 327,198 296,651 296,272 64,374 70,219 60,024 47, 873 34,151 41,000 41,958 61, 340 50,369 55, 485 49,226 46,072 40,422 39,086 35,676 35,709 112,161 121,284 109,544 104,872 418 307, 457 366,177 374,544 339,352 66,619 133,703 144,329 113,350 55,142 40,798 33,615 25,764 43,231 47,919 51, 471 49,620 35,566 32,943 33,593 35,879 106,542 110,177 110,532 113,937 357 330,894 302,106 333,332 318,357 102,074 77,322 79,916 71,136 24,201 27,169 19,364 17,741 50,741 49,747 55,025 50,776 43,264 39, 406 45,877 49,987 109,722 107,775 132,361 128,241 316,649 53,302 25,997 49,130 50,090 130,848 364,911 ! j ! ' 1921. January... February.. March April 315 232 181 167 168 May.... June July.... August. 158 37 162 42 154 40 179 73 September October November December 156 76 165 166 142 108 143 120 133 114 83 63,325 56,554 48,018 41,449 902 769 559 284 273 494 1,123 732 813 1922. January — February... March April May June July August... September.. October November.. December.. 135 114 121 92 159 96 152 156 151 160 : 145 145 ! 101 110 94 75 66 1S3 33 60 151 53 179 94 184 149 166 119 769 022 648 1,058 124 222 407 637 1,005 803 1923. January.. February. March April 162 May.... June — July.... August. 155 148 163 156 168 ; 132 166 102 203 ; 117 197 ! 70 45 \ Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 891 688 788 476 302 57 SOURCES OF DATA. DATE OF PUBLICATION. I.—REPORTS PROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN. AUSTRALIAN COMMONWEALTH'S BUREAU OF CENSUS AND STATISTICS. BANK OF JAPAN BRITISH BOARD OF TRADE CANADIAN DEPARTMENT OF LABOR.. CANADIAN DEPARTMENT OF AND COMMERCE. TRADE FEDERAL FARM LOAN BOARD FEDERAL RESERVE BANK OF ATLANTA. FEDERAL RESERVE BANK OF BOSTON. FEDERAL RESERVE BANK OF CHICAGO FEDERAL LAND. FEDERAL FEDERAL CITY. FEDERAL YORK. RESERVE BANK OF CLEVERESERVE BANK OF DALLAS. . RESERVE BANK OF KANSAS RESERVE BANK OF NEW FEDERAL RESERVE BANK OF PHILADELPHIA. FEDERAL RESERVE BANK OF RICH^ MOND. FEDERAL RESERVE BANK OF SAN FRANCISCO. FEDERAL RESERVE BOARD.. Price index for Australia Federal Reserve Bulletin Second week of month. Prile index for Japan Price index for United Kingdom Price index for Canada Employment in Canadian trade-unions Operations of Canadian employment service... Foreign trade of Canada. Canadian railroad operations Canadian iron and steel production Agricultural loans by land banks Wholesale trade Savings deposits in First Fed. Res. Dist.. Savings deposits in Seventh Fed. Res. Dist-. Agricultural pumps Savings deposits in Fourth Fed. Res. Dist.. Federal Reserve Bulletin British Board of Trade Journal Labour Gazette (Canadian) Employment Employment Foreign trade of Canada Operating Revenues, etc., of Railways * Second week of month. Monthly. Semimonthly. Semimonthly. Monthly. Monthly. Not published Business Conditions.. Monthly Review Business Conditions.. Business Conditions.. Business Review Monthly. Monthly. Monthly. Monthly. Monthly. Wholesale trade Wholesale trade Foreign exchange rates and index Business Conditions.. Business Conditions.. Monthly. Monthly. Federal Reserve Bulletin and daily statement.* Res. Dist.J Monthly Review Res. Dist.. Business and Financial Conditions Business and Financial Conditions Res. Dist.. Business and Agricultural Conditions Business and Agricultural Conditions i Res Dist.. Business Conditions Business Conditions Federal Reserve Bulletin Federal Reserve Bulletin and weekly press releases.* Federal Reserve Bulletin and weekly press I Condition of Federal reserve banks. releases.* Federal Reserve Bulletin and weekly press Condition of reporting member banks. Savings deposits in Second Fed. Savings deposits in Third Fed. Wholesale trade Savings deposits in Fifth Fed. Wholesale trade Savings deposits in Twelfth Fed. Wholesale trade Foreign exchange index numbers Debits to individual accounts j Money held outside U. S. Treasury and Fed- Federal Reserve Bulletin. j eral reserve system to July 1,1922. Federal Reserve Bulletin i Wholesale price index numbers i Department store trade: in cooperation with Federal Reserve Bulletin : National Retail Dry Goods Association. I Index numbers of department store, mailFederal Reserve Bulletin order, and chain store trade. Barley and rye receipts Federal Reserve Bulletin Sales of loose leaf tobacco Index of ocean freight rates Federal Reserve Bulletin Federal Reserve Bulletin I Index numbers of production Federal Reserve Bulletin I Wholesale trade Bulletin dela Statisque Generate... LABOR AND Price index for France FRENCH MINISTRY OF SOCIAL WELFARE. ILLINOIS DEPARTMENT OF LABOR INDIAN DEPARTMENT OF STATISTICS. . INTERSTATE COMMERCE COMMISSION. MASSACHUSETTS DEPARTMENT OF PUBLIC UTILITIES. NEW YORK STATE DEPARTMENT OF LABOR. NEW YORK STATE DEPARTMENT OF PUBLIC WORKS. PANAMA CANAL PENNSYLVANIA DEPARTMENT OF LABOR AND INDUSTRY. U. S. DEPARTMENT OF AGRICULTUREBUREAU OF ANIMAL INDUSTRY. U. S. DEPARTMENT OF AGRICULTURE— B U R E A U OF A G R I C U L T U R A L ECONOMICS. U. S. DEPARTMENT OF AGRICULTUREFOREST SERVICE. U. S. DEPARTMENT OF COMMERCEBUREAU OF THE CENSUS, Employment in Illinois Price index for India Railway revenues and expenses Telephone operating revenue and income Telegraph operations and income Express operations and income Milk receipts at Boston j The Employment Bulletin Federal Reserve Bulletin Preliminary statement of operations of Class I roads. Not published Not published Not published Not published Daily and monthly. Monthly. Monthly Monthly.. Monthly. Monthly. Monthly. Monthly. Monthly (second week of month). Sunday newspapers and monthly. Friday morning newspapers and monthly. Friday afternoon newspapers and monthly. Monthly. Monthly. | Monthly. Monthly. j Monthly. I Monthly. I Monthly. Monthly. Monthly. Monthly. Second week of month. Monthly. New York State factory employment and Labor Market Bulletin and press releases * Monthly. earnings. New York State canal traffic j Annual report j Yearly. Panama Canal traffic Unemployment in Pennsylvania Beef, pork, and lamb production The Panama Canal Record ; Semimonthly report * ! Market Reporter 2 i Last weekly Issue of month. | Semimonthly. Last weekly issue of month or first of next month. Monthly Crop Reporter 8 Monthly. Prices of farm products to producer. First weekly issue of month. Market Reporter ' Wool stocks in dealers' hands a Monthly Crop Reporter and press Releases about 1st of month (cotton) Crop production and 10th ("other crops). releases.* Fourth weeKly issue of month. Market Reporter» i Cold-storage holdings and fish frozen Third weekly issue of month. Market Reporter * I Movement of cattle, hogs, and sheep Weekly. Receipts of butter, cheese, eggs, and poultry.. Market Reporter» Quarterly. ! Production of dairy products Market Reporter a* Third weekly issue of month. Market Reporter Car lot shipments of fruits and vegetables Monthly. Monthly Crop Reporter * Farm labor, wages, supply, etc Weekly. World crop production Foreign crops and markets * Annually. Market Reporter * : Live stock on farms Production of Lumber, Lath, and Shingles. Yearly. Total lumber production from 1913 ta 1920 Pulp wood consumption and wood-pulp Yearly. Wood pulp production, 1914 and 1916 production. Semimonthly during season. Preliminary report on ginnings * Cotton ginned Preliminary report on cotton consumed... 15th of montn. Cotton consumed and on hand Reports on wool machinery and on cotton 20th of month. Active textile machinery spindles.* First week of month. Leather, hides, and shoes, production and Census of hides, skins, and leather * stocks. Preliminary report on cottonseed 18th of month. I Cottonseed and cottonseed oil Press release * • I Hosiery statistics Press release * ! Men's and boys' clothing Press release * Malleable castings i Wheat flour production from May, 1923 j Press release * i Pyroxylin coated textiles I Press release * ! Stokers, sales from January, 1923 i Press release * • Multigraphed or mimeographed sheets. i This is not necessarily the source of the figures published in the SURVEY as many of them are obtained direct from the compilers prior to publication in the respective journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication datw of the SURVEY > Beginning Jan. 7,1922, combined into new publication called, Weather, Crops, and Markets, issued weekly. 58 SOURCES OF DATA—Continued. CURRENT PUBLICATION. DATE OF PUBLICATION. I.-REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN-Continued. U. S. DEPARTMENT OF COMMERCEBUREAU OF THE CENSUS—Contd. U. S. DEPARTMENT OF COMMERCEBUREAU OF FISHERIES. U. S. DEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE. U. S. DEPARTMENT OF COMMERCEBUREAU OF NAVIGATION. U. S. DEPARTMENT OF COMMERCEBUREAU OF STANDARDS. U. S. GRAIN CORPORATION U. S. DEPARTMENT OF THE INTERIORBUREAU OF MINES. U.S. DEPARTMENT OF THE INTERIORGEOLOGICAL SURVEY. U. S. DEPARTMENT OF THE INTERIOR— U. S. PATENT OFFICE. U.S. DEPARTMENT OF LABOR—EMPLOYMENT SERVICE. U. S. DEPARTMENT OF LABOR—BUREAU OF IMMIGRATION. U. S. DEPARTMENT OF LABOR—BUREAU OF LABOR STATISTICS. U. S. POST OFFICE DEPARTMENT U. S. TREASURY DEPARTMENT U. S. TREASURY DEPARTMENTBUREAU OF THE MINT. U. S. TREASURY DEPARTMENT—BUREAU OF INTERNAL REVENUE. U. S. WAR DEPARTMENT—ENGINEER CORPS. U. S. WAR DEPARTMENT—MISSISSIPPI WARRIOR SERVICE. WAR FINANCE CORPORATION WISCONSIN INDUSTRIAL COMMISSION. . Stocks of tobacco held. Wool consumption and stocks Production indexes of raw mateiials and manufactures. Fats and oils, production, consumption, and stocks. Fabricated structural steel sales from April, 1922. Automobile production from July, 1921 Sugar statistics Steel castings sales Steel furniture shipments Earnings of public utilities Plumbing goods price index Fish catch at principalfishingports All imports and exports Statement on stocks of leaf tobacco.. Press release Survey of Current Business.. Statistics of fats and oils *. Press release * Press release * Press release * Press release * Press release * Survey of Current Business. Survey of Current Business. Monthly statement Monthly Summary of Foreign Commerce. (Part I.) i Tonnage of vessels, entered and cleared in Monthly Summary of Foreign Commerce. United States foreign trade. i (Part II.) Data on trade, employment and coal and iron j Various foreign sources production of foreign countries. ! Wholesale price of wool [ Wholesale Prices Warehouse stocks of rice | Monthly Summary of Foreign Commerce. (Part II.) Vessels under construction and vessels com- i Commerce Reports pleted. I Building material price indices i Not published No longer published.. Wheatflourproduction, prior to July, 1920 Refined petroleum products, production, etc.. Refinery Statistics *.. Portland cement, production, etc Report on Portland cement output * Coal and coke production Weekly report on production of coal * Preliminary statistics on petroleum * Crude petroleum, production, etc Electric power production Production of electric power * Consumption of fuel by public utility plants. Production of electric power * Annual figures on nonferrous metal produc- Mineral Resources tion. Patents granted Not published.. Number on pay roll—United States factories., Industrial Survey * Employment agency operations Report of Activities of State and Municipal Employment Agencies. Not published Immigration and emigration statistics Wholesale prices of commodities, including Wholesale Prices of Commodities.. farm products, food, clothing, metals, etc. Monthly Labor Review Wholesale price index Monthly Labor Review Retail price index of foods Monthly Labor Review Retail coal prices Postal Savings News Bulletin United States postal savings Statement of Postal Receipts * Postal receipts... Daily Statement of the U. S. Treasury... vjuveiiXLucut ueub, icueipbo auu uiauuiae Government debt, receipts and disbursements. Federal Reserve Bulletin Money in circulation from July 1,1922.. Not published Domestic receipts of gold at mint Oleomargarine production Not published Consumption of manufactured tobacco, snuff, Statement of tax-paid products * cigars, cigarettes, and oleomargarine. Internal Revenue taxes on specified articles.. Classified collections of Internal Revenue. Monthly statistical report Iron ore movement Monthly statistical report Sault Ste. Marie Canal traffic Not published Barge traffic on Mississippi River Agricultural loans Not published in form used Wisconsin factory earnings and employment. Bulletin on Wisconsin labor market * Quarterly (one month after end of quarter). Quarterly* Monthly. Quarterly (one month after end of quarter). 15th of month. 20th of month. 20th of month. 20th of month. 20th of month. Monthly. Monthly. Last week of month. Middle of next month. Yearly. Monthly. First weekly issue of month (MOD days). Second week of month. 20th of month. Second or third weekly issue of month (Saturdays). 25th of month. End of month. End of month. Annually. First week of month. Every 4 or 5 weeks. Monthly. Monthly. Monthly. 12th of month. 7th of month. Last day of month. Monthly. First week of month. 25th of month. Monthly during season. Monthly during season. 15th of month. II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS. (Excluding individualfirmsreporting data to be combined with other firms or trade associations.) Construction trade papers. Building costs * Not published Sale of abrasive paper and cloth Corn ground into starch, glucose, etc Not published. Copper production Not published Silver production Not published Zinc production in Belgium Not published Zinc stocks in United Kingdom Not published AMERICAN FACE BRICK ASSOCIATION.. Face brick production, stocks, etc Not published AMERICAN IRON AND STEEL INSTITUTE Steel ingot production Press release to trade papers * 7th of month. AMERICAN PETROLEUM INSTITUTE Gasoline and Kerosene Consumption by Special statement States. AMERICAN PIG IRON ASSOCIATION Merchant pig iron production, etc Not published AMERICAN RAILWAY ASSOCIATION Freight car surplus Weekly. Car Surplusages and Shortages *.. (Car Service Division). Weekly. Freight car shortage , Car Surplusages and Shortages *.. Weekly. Car ladings Information Bulletin * Third week of month. Bad-order cars Information Bulletin * AMERICAN TELEPHONE AND TSLE- Stockholders in the company Financial papers Quarterly. GRAPH Co. AMERICAN WALNUT MANUFACTURERS' Walnut lumber and logs , Not published. ASSOCIATION. AMERICAN WRITING PAPER COMPANY. Purchases and sales of paper Not published AMERICAN ZINC INSTITUTE 15th of month. Production and stocks of zinc Press release to trade papers *. * Multigraphed or mimeographed sheets. i Imports and exports of gold and silver in Part II. ABERTHAW CONSTRUCTION CO ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE. AMERICAN MANUFACTURERS ASSOCIATION OF PRODUCTION FROM CORN. AMERICAN BUREAU OF METAL STATISTICS. 59 SOURCES OF DATA—Continued. DATE OF PUBLICATION. CUBBENT PUBLICATION. II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued. (Excluding individual firms reporting data to be combined with other firms or trade associations.) ANTHRACITE BUREAU OF INFORMATION ASSOCIATION OF LIFE INSURANCE PRESIDENTS. BOSTON CHAMBER OF COMMERCE BRIDGE BUILDERS AND STRUCTURAL SOCIETY. BUREAU OF RAILWAY ECONOMICS CALIFORNIA REDWOOD ASSOCIATION... CALIFORNIA WHITE AND SUGAR PINE ASSOCIATION. CHICAGO BOARD OF T R A D E . CLEVELAND TRUST CO CONTAINER CLUB CREDIT CLEARING HOUSE DAIRYMEN'S LEAGUE COOPERATIVE ASSOCIATION, INC. F. W. DODGE CO , EMPLOYERS' ASSOCIATION OF DETROIT. ENAMELED SANITARY MANUFACTURERS ASSOCIATION. FEDERATION OF IRON AND STEEL MANUFACTURERS (British). | FINE COTTON GOODS EXCHANGE j ILLUMINATING GLASSWARE GUILD IOWA-NEBRASKA CANNERS' ASSOCIA- ; TION. i JACKSONVILLE CHAMBER OF COMMERCE KNIT GOODS MANUFACTURES OF i AMERICA. j LEATHER BELTING EXCHANGE MAPLE FLOORING MANUFACTURERS' ASSOCIATION. i MCLEAN BUILDING REPORTS, LTD ; MERCHANTS' EXCHANGE OF ST. LOUIS. .; MICHIGAN HARDWOOD MANUFACTURERS' ASSOCIATION. I MINNEAPOLIS CHAMBER OF COMMERCE . j NATIONAL ALLIANCE OF CASE GOODS j ASSOCIATION. | NATIONAL ASSOCIATION OF BRASS ; MANUFACTURERS. i NATIONAL ASSOCIATION OF BUTTON \ MANUFACTURERS. \ NATIONAL ASSOCIATION OF CHAIR MANUFACTURERS. NATIONAL ASSOCIATION OF CORRUGATED AND FIBER BOX MANUFACTURERS. ; NATIONAL ASSOCIATION OF FARM ! EQUIPMENT MANUFACTURERS. i NATIONAL ASSOCIATION OF STEEL ; FURNITURE MANUFACTURERS. j NATIONAL ASSOCIATION OF SHEET AND ; T I N PLATE MANUFACTURERS. | NATIONAL ASSOCIATION OF WOOL MANUFACTURERS. NATIONAL AUTOMOBILE CHAMBER OF COMMERCE. NATIONAL BOTTLE MANUFACTURERS' ASSOCIATION. NATIONAL INDUSTRIAL CONFERENCE BOARD. NATIONAL PAVING BRICK MANUFACTURERS' ASSOCIATION. NATIONAL RETAIL DRY GOODS ASSOCIATION. NATIONAL WOOD CHEMICAL ASSOCIATION. N E W ORLEANS BOARD OF TRADE N E W ORLEANS COTTON EXCHANGE NEWS PRINT SERVICE BUREAU N E W YORK COFFEE AND SUGAR E X CHANGE. N E W YORK METAL EXCHANGE N E W YORK TRUST COMPANY NORTH CAROLINA PINE ASSOCIATION.. NORTHERN HEMLOCK AND HARDWOOD MANUFACTURERS' ASSOCIATION. NORTHERN PINE MANUFACTURERS' ASSOCIATION. OAK FLOORING MANUFACTURERS' A S SOCIATION. OHIO FOUNDRYMEN'S ASSOCIATION... OPTICAL MANUFACTURERS' ASSOCIATION. PENNSYLVANIA RAILROAD CO PENSACOLA CHAMBER OF COMMERCE.. PHILADELPHIA MILK EXCHANGE PORTLAND CEMENT ASSOCIATION PULLMAN COMPANY REFRACTORIES MANUFACTURERS' A S SOCIATION. RICE MILLERS' ASSOCIATION ROPE PAPER SACK MANUFACTURERS' ASSOCIATION. Anthracite shipments and stocks.. New life insurance business Statement of anthracite shipments * Not published Receipts cf wool at Boston ! Fabricated structural steel sales before April, ! 1924. i Number of tons carried 1 mile I Average receipts per ton-mile Passengers carried 1 mile ! Railway employment j Locomotives in bad order Per cent of earnings on valuation Redwood lumber production, etc Sugar pine lumber production, etc Trade papers No longer published.. Summary of operating statistics. Not published Summary of operating statistics. Not published Not published Not published Not published Not published Wheat, corn and oats, receipts, etc Automobile production, monthly January, \ 1920, to June, 1921. Production of paper box board Credit conditions Milk deliveries to milk plants | Trade papers Not published currently.. Not published. Credit,.. Not published Building statistics—Contracts awarded. Detroit factory employment Enameled sanitary ware Statement on Building Statistics. Weekly press release , Not published , British iron and steel production j Daily. ! Monthly. I Monthly. Daily. | Weekly. Monthly. Second week of month. | Trade papers.. Trade papers Fine cotton goods production and sales Illuminating glassware production, orders, etc. Not published.... Canned corn stocks and sales Weekly report*.. Monthly report (not published) Not published Canadian Building Review Receipts and shipments at St. Louis Not published Not published I Monthly. , j 3d of month. Monthly statements Not published in form used. Brass stopcocks, orders and shipments Not published Button stocks, activity, etc Weekly. Weekly report Chair shipments and unfilled orders Not published In form used. Production of paper-box board Not published Business conditions Reserve). Not published Agricultural pumps Steel furniture shipments (Chicago Federal Monthly. Not published Sheet-metal production and stocks 1913 figures for active textile machinery Weekly. Weekly. Monthly. Naval Stores Review.. Monthly report * Turpentine and rosin receipts Knit underwear production, etc Sales of leather belting Maple flooring production, etc Canadian building contracts Receipts and shipments of lead and zinc Mississippi River traffic Hardwood and softwood lumber, production and shipments. Linseed oil and oil-cake shipments Unfilled orders and shipments of furniture , No longer published.. Production and shipments of passenger cars and trucks. Glass bottle production index Traffic bulletin * (production figures not published). Not published Second week of month. Cost of living Monthly press release 21st of month. Paving-brick production, etc Monthly report Department store trade {see Federal Reserve Board). Production of wood alcohol and acetate of lime N ot published Rice distribution through New Orleans.. Cotton receipts into sight Canadian newsprint production, etc Coffee receipts, stocks, etc Monthly Monthly Monthly Monthly Stocks of tin Indexes of stock and bond prices North Carolina pine, production, etc Hemlock and hardwood lumber production, etc. Northern pine lumber and lath Trade papers The Index Not published Not published Oak flooring, production, etc Not published Ohio foundry iron production Spectacle frames and mountings, sales, etc Stockholders in the company Turpentine and rosin receipts Milk receipts at Philadelphia Cement paving contracts Pullman passenger traffic Fire-clay brick production, etc Silica brick production, etc Rice receipts, stocks, etc Shipments of rope paper sacks Monthly report * (not published) NotpubUshed Financial papers Naval Stores Review Not published Concrete Highway Magazine NotpubUshed Not pubUshed N ot pubUshed Monthly report NotpubUshed • Multigraphed or mimeographed sheets. 15th of month. Federal Reserve Bulletin.. report report bulletin.... statement.. Monthly. First week of month. First week of month. First week of month. First week of month. Monthly. NotpubUshed Quarterly. Weekly. Monthly. (50 SOURCES OF DATA—Continued. CURRENT PUBLICATION. DATE OF PUBLICATION. II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued. (Excluding individual firms reporting data to be combined with other firms or trade associations.) RUBBER ASSOCIATION OF AMERICA SANITARY POTTERS' ASSOCIATION SAVANNAH BOARD OF TRADE SAVINGS BANKS ASSOCIATION OF STATE Automobile tires, tubes, and raw material Sanitary potters orders Turpentine and rosin receipts Savings banks deposits in Now York State Monthly reports (not published) Not published Naval Stores Review Not published Raw silk consumption, etc Furniture shipments and unfilled orders Monthly press release to trade papers * Not published in form used Weekly. OF N E W YORK. SILK ASSOCIATION OF AMERICA SOUTHERN FURNITURE MANUFAC- othofmonth. TURERS' ASSOCIATION. SOUTHERN PINE ASSOCIATION Yellow pine production and stocks STEEL BARREL MANUFACTURERS' AS- Steel barrel shipments Not published in form used Monthly reports* (not published) SOCIATIOX. STEEL FOUNDERS' SOCIETY STOKER MANUFACTURERS' ASSOCIATION. Sales of steel castings Sales of stokers through December, 1922 Not published No longer published Sales of fabricated structural steel Leather production through May, 1922 Tubular plumbing sales * Not published Not published Semiweekly reports ' STRUCTURAL STEEL SOCIETY TANNERS' COUNCIL TUBULAR PLUMBING GOODS ASSOCIATION. TWIN CITY MILK PRODUCERS' ASSOCIATION. : Milk production, Minnesota Not published UNITED TYPOTHETAE OF AMERICA Unfilled orders Earnings Stockholders Wages of common labor Printing activity Pressrelease* Press release * Financial papers Special reports * Typothetae Bulletin \VEST COAST LUMBERMEN'S ASSOCIA- Douglas fir lumber production, etc Not published U. S. STEEL CORPORATION 10th of month. Monthly. Quarterly. Occasionally. Monthly. TION. WEBBING MANUFACTURERS' E X - Sales of elastic webbing Notpublished CHANGE. WESTERN i PINE MANUFACTURERS' Western pine lumber production, etc Notpublished : ASSOCIATION. DATE OF PUBLICATION. in.—REPORTS FROM TECHNICAL PERIODICALS. AMERICAN METAL MARKET.. T H E ANNALIST T H E BOND B U Y E R . BRADSTREET'3 BULLETIN DE LA STATISTIQUE GENERALE CHEMICAL AND METALLURGICAL ENGINEERING. COAL AGE COMMERCIAL AND FINANCIAL CHRONICLE Dow, JONES & Co. (WALL STREET JOURNAL). DUN'S R E V I E W . F.LECTRICAL WORLD ENGINEERING AND MINING JOURNAL-PRESS ENGINEERING NEWS RECORD. FINANCIAL POST FRANKFURTER ZEITUNG HAY TRADE JOURNAL IRON AGE IRON TRADE REVIEW LONDON ECONOMIST LUMBER MANUFACTURERS' RECORD MILK REPORTER MODERN MILLER NAVAL STORES REVIEW NEUE ZURICHER ZEITUNG N E W YORK JOURNAL OF COMMERCE N E W YORK EVENING POST NORTHWESTERN MILLER OIL, PAINT, AND DRUG R E P O R T E R . . . OIL TRADE JOURNAL PRINTERS' I N K PUBLISHERS' WEEKLY RUSSELL'S COMMERCIAL NEWS STATISTICAL SUGAR TRADE JOURNAL, SVENSK HANDELSTIDNING ...; Composite pig iron and steel prices . . . New York stock sales New York closing stock prices Foreign exchange rates, 1914 to 1918 . . . State and municipal bond issues Municipalbond yields Visible supply of wheat and corn Bank clearings, United States and Canada Price index Business failures, Canada Fall River mill dividends Price index for France Chemical price index Mine price of bituminous coal Cotton (visible supply) Interest rates Mail order and chain store sales New corporate securities . . . . New York bond sales New York bond prices Mexican petroleum shipments Business failures Price index Sales of electrical energy Rand gold production!.' Silver prices . . . . Construction cost and volume index Canadian bond issues Price index for Germany Hay receipts . . . . Pis-iron production Composite finished steel price Iron and steel prices Railway freight car orders Price index for United Kingdom Price indices of lumber Southern construction Southern bond issues . . . . Milk receipts at Greater New York Argentine visible supply of wheat and corn Turpentine and rosin, receipts and stocks Price index for Switzerland Dividend and interest payments New capital issues New corporations Fire losses Newspaper advertising . . . . Flaxseed, receipts, etc Argentine grain shipments Wheat Hour production for 1917 . . . . Price indices of drugs, oils, etc Argentine shipments and supply of flaxseed Mexican petroleum shipments Magazine advertising Book production Wheat flour production, from July, 1920 Sugar stocks, receipts, meltings, and Cuban statistics Price index for Sweden * Multigraphed or mimeographed. O i First or second week of month (daily). First weekly issue of month (Mondays). Weekly (Mondays). Weekly (Mondays). First weekly issue of month (Saturadys). First weekly issue of month (Saturdays). Weekly (Saturdays). First weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Quarterly. Monthly. Weekly (Wednesdays). Weekly (Thursdays). Weekly (Saturdays). Weekly (Saturdays). Second or third weekly issue of month (Saturdays) Last issue of month. First week of month (daily). First week of month (daily). j 20th of month (daily). First weekly issue of month (Saturdays). First weekly issue or month (Saturdays). Monthly. Second weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). First weekly issue of month. Weekly (Thursdays). Monthly. Weekly (Fridays). First weekly issue of month (Thursdays). Weekly (Thursdays). Weekly (Thursdays). First weekly issue of month (Thursdays). 10th of month. First weekly issue of month (Fridays). Monthly. Monthly. Weekly. Weekly. Weekly (Saturdays). First week of month (daily). First week of month (daily). First week of month (daily). 10th of month (daily). Not published. Weekly (Wednesdays). Weekly (Wednesdays). Weekly (Mondays). Weekly (Mondays). 10th of month (monthly). Second week of month. Third week of month. Weekly compilation (daily). ! Weekly (Fridays). !