Full text of Survey of Current Business : June 1923
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS COMPILED BY BUREAU OF THE CENSUS BUREAU O F FOREIGN AND DOMESTIC COMMERCE : BUREAU O F STANDARDS JUNE No. 22 1923 CONTENTS Page. Page. Summary for April Business indicators (diagrams and table) Wholesale price comparisons (diagrams and table) Comparison of wholesale price index numbers (diagram) Business conditions in April Business failures by geographical distribution (diagram) Index numbers of production and marketing Trend of business movements: 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 9 4 6 7 20 23 25 26 28 29 30 31 31 33 34 35 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 Detailed tables: Banking and finance Miscellaneous World crop production Patents granted—Internal-combustion engines Construction cost index numbers Sources of data 38 38 39 39 40 41 41 43 44 46 48 50 52 52 53 SUMMARY FOR APRIL. A slight decline took place in productive activity in April, partly due to seasonal trend; but some commodities, such as crude petroleum, pig iron, and automobiles, made new high records for monthly output. Stocks of commodities were further reduced in April. Production still exceeded the 1920 average by about 20 per cent. Price levels were almost unchanged in April, with slight advances in farmers' prices, and average wholesale price indexes unchanged or lower, thus arresting the continued rise noted in recent months. Retail prices advanced slightly, while living costs as a whole were unchanged. 50832—23 1 Labor conditions continue to reflect large employment and an excess of open positions over applicants. Sales of mail-order houses and chain stores made a seasonal decline, but were larger than a year ago, especially the mail-order houses. Business failures continued to decline, although liabilities were greater, while investments in savings banks and life insurance gained perceptibly over the high March figures. Freight-car loadings for April were not only the greatest for this season of the year but on a level not normally reached until about midsummer or early fall. The net shortage of freight cars for April was reduced to 24,176 cars. BUSINESS INDICATORS. (1913 monthly average-100. See explanation on inside front cover.) PIG-IRON PRODUCTION. 1920 1.000 1931 1.000 1922 1921 COTT<) N CONSUL[PTION. BTTUMINO1us COAL PH ODUCTION. innoi 1920 1933 I93t I92| 800 800 400 < NUMBER8 900 L 100 so y i^ \ \ Q v^— V\ T 80 // 40 W 30 10 NET FREIGHT TON-MILES. 1920 1921 EXPORTS (VALUES). BANK CLEARINGS OUTSIDE NEW YORK CITY (VALUES). 1920 1922 auu eoo 100 V f — ^ y—^ I inn -SrS£ ^ ^ —, 60 20 DEFAULTED LIABILITIES (VALUES). 1931 000 1922 I93S WHOLESALE PRICES. nno 1939 1931 1932 PRICE OF 25 INDUSTRIAL STOCKS. 1923 Ann r ^ : —f00 / I 40 90 40 ^ 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. MONTHLY AVERAGE. 1922 1923 COMMODITY. 1920 1921 1922 Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 111 121 136 131 117 138 101 102 106 234 118 107 156 138 160 120 117 117 271 129 117 177 139 156 116 106 107 281 120 1913 m o n t h l y average- 100. Production: Pig iron * Steel ingots Copper Anthracite coal Bituminous coal Crude petroleum Cotton (consumption) * * Beef Pork Unfilled orders: Steel Corporation Stocks: Crude petroleum Cotton (mills and warehouses) * *.. Prices: Wholesale index, all commodities (Dept. Labor) Retail food (Dept. Labor) Retail coal, bitum.—U. S. average (Dept. Labor) Farm crops (Dept. Agriculture)1... 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 121 111 54 64 39 99 87 189 85 109 116 87 114 81 58 85 222 102 121 129 79 112 61 115 126 225 108 119 118 170 90 96 109 150 152 183 226 203 207 92 106 105 («) 51 224 103 124 133 92 124 93 1 56 220 106 125 149 94 117 92 2 43 225 95 119 117 71 104 98 2 56 225 109 127 109 76 86 89 95 98 101 234 161 211 171 225 151 235 128 244 103 249 87 250 83 251 147 153 149 142 142 139 143 139 148 139 150 141 155 142 168 197 109 107 188 113 111 179 112 117 177 115 115 175 118 118 175 119 119 175 118 119 108 184 67 230 136 64 229 169 75 315 153 70 322 163 74 195 166 76 168 166 74 176 170 257 127 205 212 113 230 229 76 237 223 83 238 213 79 244 228 74 294 331 264 140 181 188 174 154 204 171 159 211 145 154 196 137 105 114 120 90 119 135 99 97 116 178 111 238 275 81 115 75 (8) 40 # 216* 90 128 90 120 109 134 124 146 183 126 153 110 114 126 249 127 125 188 113 ! 117 116 114 117 123 125 123 253 184 252 252 5 241 5 243 6 247 138 191 193 176 156 142 »252 124 155 139 153 140 154 156 145 156 140 147 156 144 157 142 159 142 159 143 184 114 112 205 205 110 110 109 110 205 130 107 203 134 106 192 139 107 79 112 95 65 103 219 103 131 101 103 135 101 112 113 231 111 141 113 101 103 112 111 114 117 230 242 208 118 105 123 104 206 126 106 207 177 162 152 184 191 77 178 82 177 182 76 256 187 74 217 190 74 179 198 79 213 199 78 227 195 76 255 234 70 233 223 65 215 225 68 219 234 249 266 76 220 245 76 240 213 230 80 251 271 87 228 261 80 251 289 80 169 149 194 174 162 174 169 145 154 188 146 157 200 151 190 185 179 195 184 277 196 166 287 221 162 243 203 148 232 266 165 290 244 165 272 102 106 99 111 125 144 139 132 138 119 144 83 72 258 1 9 1 9 m o n t h l y average=100. Production: Lumber2 Building contracts (floor space) Stocks: Beef Pork Business finances: Bond prices index (40 issues) Banking: 100 72 85 69 114 102 103 111 107 125 126 128 132 130 122 111 129 116 124 95 123 100 124 101 96 83 109 83 99 89 131 139 130 138 70 43 85 27 70 29 74 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 87 107 104 107 108 108 109 111 112 110 107 107 107 , 106 104 103 91 91 122 122 97 28 144 154 99 33 142 155 94 30 143 156 92 29 143 155 98 24 144 154 93 20 145 158 90 21 146 158 94 22 146 156 105 24 147 155 98 34 146 152 112 33 144 144 112 31 147 153 112 36 145 150 107 33 145 153 97 Debits to individual accounts, outside N e w York City 114 Federal Reserve, bills discounted... 132 Federal Reserve, total reserves 97 Federal Reserve, ratio 87 96 31 146 152 * Monthly statistics on the movements since January, 1913, or as far back as available, 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. 8 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 OK PRESENT WHOLESALE PRICES WITH PEAK AND PRE-WAR. (Relative prices 1913 = 100.) INDEX NUMBERS 300 I 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. MIDDLING WOOL. OHIO. UNWASHED CATTLE. STEERS HOGS. HEAVY SHEEP. EWES SHEEP. LAMBS FLOUR. SPRING FLOUR, WINTER 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 TIN ZINC LUMBER. PINE. SOUTHERN LUMBER. DOUGLAS FIR BRICK, COMMON. NEW YORK BRICK. COMMON. CHICAGO CEMENT STEEL BEAMS RUBBER, CRUDE SULPHURIC ACID I F A R M pnnmirvr.Q P Q I WHOLESALE PRICE COMPARISONS—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS. NOTE.—Prices to the pro.iucor on farm proiucts are from U. S. Department of Agriculture, Bureau of Agricultural Economics. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics, except market price of wool compiled by IT. S. Department of Commerce, Bureau of the Census. As far as possible all quotations represent prices to the producer or at the mill. See diagram on opposite page. Date and m a x i m u m relative price. COMMODITIES. February. March. April. Percent increase ; (+) or de- j crease (—) j in March i from April! + 3.0 + 8.0 + 10.6 Relative price. (1913 average=100.) Farm products—Average price to producers: Wheat Corn Potatoes Cotton Cottonseed Wool Cattle, beef Hogs Lambs Farm 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) Juno, Tuly, June, Julv, May, July, May, July, Apr., 1020 1020 1020 1020 1020 1918 1019 1019 1020 ; May, May, Sept., June, i Mar., I Mar., Mar., Apr., Mar., Mar., July, Apr., Feb., 1020 1020 1017 1920 1018 1918 1919 1920 1020 1919 1919 1918 1020 May, May, May, May, July, Sept., July, Sept., 1920 1917 1920 1920 1919 1920 1920 1919 May, Apr., May, Jan., Oct., July, Jan., Aug. Aug., Mar., Aug., 1920 ; 1920 1920 1920 1918 1020 1020 1910 1010 1020 1010 Sept., Oct., Aug., Mar., | \ | ! j I i j ' ! j | \ ; j '! 326 133 135 139 300 120 123 134 706 107 123 136 312 231 237 224 321 207 213 218 344 211 223 235 08 + + 2.3 5.4 1.0 2.8 183 94 95 256 102 100 00 _ 230 178 180 175 - 354 136 133 137 4- 302 138 134 134 331 118 118 127 4- 296 122 123 124 + 325 107 106 107 4- + 451 136 130 134 352 208 208 208 331 226 240 226 350 236 232 232 218 110 109 106 266 94 98 05 319 143 153 161 263 188 183 168 3.0 0.0 7.6 0.8 0.0 3.1 0.0 - 5.8 0.0 + - 2.8 3.1 5.2 8.2 Food: Flour, standard patents (Minneapolis) Flour, winter straights (Kansas City) Sugar, 96° centrifugal (New York) Sugar, granulated, in barrels (New York) Cottonseed oil, prime summer yellow (New York) Beef, fresh carcass good native steers (Chicago) Beef, fresh steer rounds No. 2 (Chicago) Pork, loins, fresh (Chicago) j i ; i [ j 328 146 145 152 + 363 145 146 149 598 176 208 223 44- 7.2 526 171 201 215 374 150 163 162 + - 7.0 0.6 201 114 112 112 0.0 211 105 111 111 254 105 100 103 0.0 3.0 348 198 203 200 478 232 238 220 _ - 427 206 208 210 4- 289 225 225 225 0.0 0.0 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) 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) Men's dress welt tan calf (St. Louis) 4.8 7.1 202 176 184 181 201 227 227 227 466 241 237 256 283 108 105 102 1.5 3.8 1.0 o.o 4- 8.0 2.0 400 88 88 88 308 210 209 200 0.0 0.0 202 153 153 153 0.0 1022 1021 1020 1920 336 222 222 201 2(K) 202 1S5 200 0.0 0.0 13.7 1.5 July, Sept., July, Mar., June, May, June, 1017 1 020 1017 1017 1917 1918 1915 340 183 179 154 202 230 98 108 261 185 193 224 94 100 386 130 141 205 211 175 108 188 103 133 Feb., Jan., Feb., Oct., Sept., June, Jan., Feb., 1920 1020 1020 1020 1920 1017 1013 1916 455 221 230 232 407 212 236 236 381 305 305 305 251 177 175 178 105 173 173 173 331 139 146 172 124 38 36 34 250 70 70 71 Fuels: 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 637 375 200 250 105 - Metals: Pig iron, foundry No. 2, northern (Pittsburgh) Pig iron, basic, valley furnace Steel billets, Bessemer (Pittsburgh) Copper ingots, electrolytic, early delivery (New York) Lead, pig, desilvered, for early delivery (New York) Tin, pig, for early delivery (New York) Zinc, slab, western, early delivery (New York) 330 388 205 172 2.9 1.7 0.0 2.6 Building materials and miscellaneous: Lumber, pine, southern, yellow flooring, 1 x 4 , " B " and better (Hattiesburgdistrict) 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) 0.9 0.0 0.0 1.7 0.0 17.8 5.6 1.4 COMPARISON OF WHOLESALE PRICES BY GROUPS. (T. S. Department of Labor index numbers. Relative prices 1913=100.) 1916 j rM r J 1918 1917 s r j r vi r J J3 Isj ,j 1919 1SI 5 j r J f.1 ^/I j r 3 j 1922 1921 1920 S j J r M N J I3 I<! >) 1923 ^n M 1 340 \ 320 300 \\ \\ \ \ < ->< / V 230 I 1 1 260 j— 240 /'A / 220 v \ V / / r / 1 GQ 1/ / A /,' §,80 X Q 160 z / / I / y^ * / —^ \ \ V / \ / s r j PA / **— $0 f 1- - \ \ \ J 0 -p y —1 1 if / \ > \ V.- ^ ^ _/' »—— ^/ I9I3 AVER^ GE 1 i 40 20 -A. \ V \ 100 iBO \ \ \ \ V \ \ \ \ \ \ \ —. \ \ \' \ \ \ \ V \\ -X J \\ \ \ \ » \ \^~ • / J20 7 \ \ \ / 140 ft "^ — I— M J BUSINESS CONDITIONS IN APRIL, 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 25). Summaries of production, stocks, sales, and price changes are given also. COURSE OF PRODUCTION SINCE BELAT7V& PRODUCTION (1919 = 100) Maximum since end of Mini1923 1922 mum 1920 1921 1922 since averaverend age. average. age. Mar. Apr. of Mar. Apr. 1919. 1919. PRODUCTION. Production of commodities slackened somewhat in April after the high records made in March, with seasonal influences causing this decline to a large extent. The index number of raw material production on a 1919 base declined from 125.8 in March to 121.1 in April, while the marketing of animal products declined from 113.6 to 111.4. Crop marketings have made the usual seasonal decline, while manufacturing production shows a slight falling off in almost all groups from the March figures. Out of 51 commodities for which comparison can be made between March and April on a 1919 base, there were 14 increases and 36 decreases, with most of the changes either way falling within a comparatively narrow range. New high records were made in the April output of crude petroleum, pig iron, silver, Douglas fir lumber, newspapers, corrugated paper boxes, passenger automobiles, and motor trucks. In comparison with April, 1922, there were 45 increases and only 7 decreases reported for individual commodities. RELATION OF PRODUCTION, STOCKS, AND UNFILLED ORDERS. (Relative monthly average 1920=»100.) 1922 1988 Jan. Feb. Mar. Apr. Jan. Feb. Mar. Apr. 120.6 117.8 116.7 109.0 111.0 102.8 102.5 95.1 Stocks Production (manufactured)... 84.7 91.8 93.0 88.1 113.3 100.3 122.0 41.2 41.1 47.2 57.6 Unfilled orders 84.5 93.2 100.5 "94*6 COMBINED PRODUCTION I N D E X N U M B E R S . 1 (Relatively monthly production 1919—100.) Maxi- Minimum m u m 1920 1921 1922 Apr. Mar. Apr. sinoe since aver- aver- aver- Mar. end end of age. age. age. 1922. 1922. 1923. 1923. 1919. 1919. Manufacturing (total).. Manufacturing (62 identical commodities) Raw materials, total... Minerals Animal products... Crops Forestry 1 102.2 126.7 81.2 122.7 153.4 131.7 119.6 194.6 127.9 74.0 100.6 80.9 97.8 93.6 88.6 122.7 72.9] 98.5 102.8 108.0 93.6 74.1 98.2 90.5 62.51 113.9 93.3 99.0 116.2 62.5 125.8 121.1 79. 7! 95.4 97.5 106.3 102.5 106.9 113.6 111.4 49.1 93.9 112.1 112.6 77.8 54.5 74.3 61.0 60.6 101.6 85.5 109.9 99.3 101.7 119.9 120.4 96.7 92.7 126.7 For details "of individual commodities, see pages 23 aqd 24, 1919. FOODSTUFFS: Wheat flour Beef products Pork products Lamb and mutton Sugar (meltings) Oleomargarine Cottonseed oil Condensed milk Butter Cheese Icecream.. Corn products 125 109 152 110 178 126 203 121 201 169 468 135 64 67 58 58 40 26 4 20 64 41 41 38 82 92 93 80 104 103 91 76 99 86 111 93 91 83 97 94 92 60 99 71 120 86 110 90 Cotton (consumption). 130 Sole leather 95 Boots and shoes U13 57 63 186 103 82 79 80 95 78 98 (2) 94 87 92 90 107 98 79 77 130 165 51 52 71 66 66 62 129 107 85 1 68 111 66 103 124 71 80 88 67 164 47 22 69 116 74 92 78 96 89 147 90 157. 68 56 110 97 100 82 106 92 72 97 130 91 130 120 90 CLOTHING: FUELS: Anthracite coal... Bituminous coal Beehive coke.. By-product coke Crude petroleum.. Gasoline Kerosene. Gas and fuel Lubricating oil Electric power "ihb 62 37 121 137 127 »155 184 177 116 153 135 145 41 11 3 62 112 98 71 93 89 98 101 122 110 122 117 123 99 146 124 113 103 91 30 79 124 130 83 127 104 105 60 88 42 113 146 157 98 140 116 122 119 129 46 102 148 143 92 134 104 118 41 33 106 142 143 97 125 103 111 121 121 110 155 178 191 98 153 129 145 110 110 112 153 184 139 144 3 114 127 140 181 34 33 *17 38 80 79 119 121 94 105 100 88 54 57 37 47 95 113 88 99 77 81 98 121 80 100 58 69 89 99 81 103 72 67 88 101 138 144 114 127 129 91 139 141 110 123 140 91 128 144 75 64 112 84 96 96 97 101 90 82 85 78 97 114 90 106 119 50 94 91 99 108 89 103 % 131 172 180 69 20 33 94 121 98 99 67 88 115 105 153 113 58 153 104 95 158 126 109 180 113 155 153 272 182 144 122 120 161 120 319 139 8 57 44 27 28 21 33 42 47 121 122 102 89 82 105 91 106 103 78 109 79 60 59 88 57 123 83 114 135 117 62 68 81 78 226 114 15 134 107 54 37 118 68 202 92 40 129 113 63 78 90 82 197 94 82 164 138 68 53 150 94 319 123 131 144 62 49 140 82 304 114 Mechanical wood pulp 143 Chemical wood pulp.. 138 Newsprint 116 Newspapers (printed). 138 126 150 135 123 55 64 69 93 64 77 65 53 109 117 110 105 121 120 119 113 87 79 89 104 79 94 85 71 102 102 105 120 107 120 111 105 119 106 103 119 102 121 118 102 122 93 98 124 92 106 101 96 103 118 113 134 126 150 123 128 109 102 138 123 136 111 113 156 142 30 18 104 104 65 89 117 109 96 116 109 109 151 112 156 111 130 131 187 3 184 124 13 43 34 3 61 48 106 120 117 125 104 37 63 105 122 69 79 92 144 142 77 65 84 126 100 67 70 82 144 138 79 119 131 147 148 79 99 127 150 169 267 235 214 65 86 80 149 112 110 120 127 122 209 195 172 189 199 166 226 222 181 267 229 210 241 200 179 139 30 72 69 102 111 125 139 138 Automobiles, passen«249 ger 8 142 Motor trucks 135 Locomotives. 79 Ships «51 • 32 9 2 114 102 89 67 93 46 50 30 141 111 77 1 75 17 48 2 8 143 85 9 10 231 131 126 7 249 142 97 11 METALS: Pig iron Steel ingots Copper Zinc.. Silver Gold (receipts) TOBACCO: Cigars< Cigarettes *.. Manufactured tobacco 4 LUMBER: Yellow pine . Western pine North Carolina pine.. California white and sugar pine California redwood Douglas fir Michigan hardwoods.. Michigan softwoods... Northern hardwoods.. HfiTnlop.lr Oak flooring.. . . Maple flooring PAPER: Book paper Wrapping paper Pat>flr board Fine paper Corrugated paper boxes 6 . Solidfiberpaper boxes5 STONE, CLAY, AND SAND PRODUCTS: Silica brick Clay fire brick Face brick Cement Glass bottles BUILDING EQUIPMENT: Baths enamel . Lavatories, enamel.... Sinks enamel. . Buildings (contracted for) TRANSPORT VEHICLES: i Since November, 1921. > Less than 1. »Since January, 1921- * As represented by tax-paid withdrawals. & Relative to the last six months of 1919, « Since July 1,1921 COMPARISON OF PRESENT PRODUCTION WITH CORRESPONDING MONTH OF 1920. DECREAM COMPARISON OF APRIL PRODUCTION WITH PRE-WAR. INDEX NUMBERS 400 INCREASE PER CENT W SO ft 1 BEEF PRODUCTS 80 CENT 100 iM 460 D8TUFI •8 WHEAT FLOUR PORK PRODUCTS LAMB AND BEEF PRODUCTS MUTTON m SUGAR PORK PRODUCTS OLEOMARGARINE COTTONSEED OtL CORN LAMB AND MUTTON m PRODUCTS THINQ CL OLEOMARGARI COTTON CONSUMPTION SOLE 3 LEATHER FU ANTHRACITE LS COAL BITUMINOUS m COAL S3 BEEHIVE COKE CRUDE ANTHRACITE COAL PETROLEUM BITUMINOUS COAL GASOLINE KEROSENE QAS AND BEEHIVE COKE FUEL OIL LUBRICATING OIL BY-PRODUCT COKE ELECTRIC POWER M TALS• 1 W//JW/A PIG IRON CRUDE PETROLEUM STEEL-INGOTS ZINC PIG IRON 1ACCO .CIGARS STEEL-INGOTS CIGARETTES MANFD. TOBACCO COPPER LI WE8TERN PINE NORTH CAROLINA CALIFORNIA PINE • WHITE PINE CALIFORNIA MBER a a YELLOW PINE REDWOOD DOUGLAS FIR MICHIGAN HARDWOODS MICHIGAN SOFTWOODS NORTHERN HARDWOODS • M wmm warn 3 m HEM LOCK OAK FLOORING • MAPLE FLOORING PER MECHANICAL CHEMICAL WOOD PULP WOOD PULP NEWSPAPERS (PRINTED ) BOOK PAPER WRAPPING FINE a • NEWSPRINT PAPER PAPER a PAPER CORRUGATED PAPER BOXES •OLID FIBER a PAPER BOXES O N E . C LAY. AN > SAND PRODUCTS SILICA BRICK CLAY FIRE 8INKS( ENAMEL) 3 BRICK FACE BRICK GLA8S ••• BOTTLES B BATHS( ENAMEL) LOCOMOTIVES ILDIN EQUI F>MENT LAVATORIES' ENAMEL ) SINKS( ENAMEL* BUILDINGSC CONTRACTED) 1 RAN^ >RTATIC N LOCOMOTIVES •H • M • M STOCKS. There was a decline in stocks of commodities during April. Out of 40 commodities for which comparisons are available on a 1919 base, there were 9 increases during the month and 29 decreases. Of the increases, 3 were among the food commodities, which are usually subject to seasonal influences, and 3 were in the paper group. Compared with a year ago, there were 15 increases and 21 decreases in stocks. Among the foodstuffs there were 10 increases and only 5 decreases, while the other commodities had only 5 increases as against 21 decreases. The index number of stocks of commodities compiled by the Department of Commerce stood at 95.1 at the end of April, based on the average 1920 stocks as 100, showing a decrease of about 20 per cent since last September, and of about 7 per cent during the month of April. STOCKS OF COMMODITIES COMPARED WITH PRE-WAR. (Taken at end of each month.) RELATIVE STOCKS (1913=100). 1923 1922 1920 average. Wheat (visible) Corn (visible) Oats (visible) Coffee Cotton (total) Crude petroleum Pig iron (merchant) *.. Zinc Tin . Oak flooring ! Cement 2 Tobacco.. i Flaxseed 127 71 89 89 150 109 38 99 183 258 80 114 33 i Relative to 1914. 1922 average. 1921 average. 134 256 270 89 183 152 84 196 127 375 91 131 74 2 177 315 268 60 161 234 48 89 134 256 87 130 10 Mar. | 194 607 371 63 171 i 211 '• 71 148 167 312 i 123 ! 145 i Mar. Apr. 173 470 327 55 151 225 59 127 148 296 129 8 249 372 138 64 142 247 32 25 220 281 116 150 1 Relative to stocks at end of 1913. Apr. 231 291 126 55 124 252 35 22 194 264 102 1 Retail sales, on the basis of reports from mail-order houses and ten-cent chains, made the usual seasonal decline, while they were considerably greater than RELATIVE STOCKS (1919-100). the sales reported for April a year ago. Postal receipts and magazine advertising in the principal 1923 1922 1922 1920 cities of the country declined, while newspaper aver average, age. age, Mar. Apr. I Mar. Apr. advertising reached a new maximum since 1919. Telephone receipts and telegraph tolls were higher in March than in the corresponding month a year ago. 27 29 38 70 33 43 Sales of both stocks and bonds in April were con74 76 102 112 97 85 34 25 183 324 79 69 siderably lower than in the preceding month and in 287 332 298 343 110 157 57 33 110 107 63 39 April, 1922. New life insurance written in April 135 120 173 161 89 93 64 60 95 85 76 reached a newT high mark in point of aggregate policy 1,482 1,147 174 622 908 'in 290 250 108 69 211 98 value. 14 6 7 81 5 STOCKS OF COMMODITIES SINCE 1919. (Taken at end of each month.) Maxi- Minimum mum since 1919. 1919. FOODSTUFFS. Beef products Pork products Lamb and mutton Sugar (raw) Cottonseed oil Wheat (visible) Wheat flour Corn (visible) Oats (visible) Butter Cheese Eggs Poultry Fish* Coffee Apples Rice (domestic) 124 20 129 38 928 25 437 44 200 8 191 28 149 54 1,482 108 316 16 174 5 156 28 240 0) 183 30 110 17 177 72 391 360 ""50 82 70 73 146 181 159 28 23 103 41 103 111 190 79 101 72 72 145 166 159 28 114 76 28 89 54 165 37 11 143 27 104 133 215 36 91 112 17 89 62 194 92 87 76 235 267 94 163 146 241 COMPARISON OF SALES IN DIFFERENT LINES OF BUSINESS. RELATIVE SALES ( 1 9 1 9 = 1 0 0 ) . CLOTHING MATERIALS. Cotton (total) 136 111 102 145 134 134 151 143 223 168 100 172 143 FUELS. Crude petroleum Gasoline Kerosene Gas and fuel oil Lubricating oil 241 267 153 178 162 Pig iron (merchant) Zinc Tin 101 61 85 75 81 31 24 122 60 108 332 132 213 232 67 97 244 129 98 141 234 199 100 182 193 179 126 74 98 159 180 92 178 185 98 55 73 151 INDIVIDUAL COMMODITIES. 24 352 CONSTRUCTION MATERIALS. Yellow pine Michigan hardwoods... Michigan softwoods Oak flooring Maple flooring Silica brick Face brick Cement 3 Baths (enamel) Lavatories (enamel)... Sinks (enamel) Rosin 4 Turpentine 4 102 59 80 59 55 81 123 79 29 21 34 41 13 113 59 81 165 123 101 192 218 81 36 40 101 49 PAPER. Mechanical wood pulp.. Chemical wood pulp.... Newsprint (at mills) Book paper Wrapping paper Paper board Fine paper 143 138 175 131 130 132 112 108 89 | 90 99 I 98 j 106 118 125 ! 95 121 115 121 119 101 112 132 117 114 95 101 58 103 79 117 79 96 96 OTHER AGRICULTURAL PRODUCTS. Tobacco (total). Flaxseed 134 1,578 117 116 i! 1 129 127 550 1,242 j 167 i 1 2 Index numberless than 1. On loth of month. » Relative to stocks at end of 1919. * Relative to season beginning Apr. 1,1919. * Apr. 1. Pig iron (merchant) Freight cars Structural steel Baths, enamel Lavatories, enamel Sinks, enamel Sanitary pottery Oak flooring Maple flooring Redwood lumber Clay fire brick Leather belting Abrasive paper and cloth Fine cotton goods Paper 1 Printing Optical goods l DISTRIBUTION MOVEMENT. Wholesalers s Mail-order houses 1 Chain stores 1 SERVICES. Postal receipts l Telephone receipts * Telegraph tolls l Railroad revenues: 1 Passengers Freight 1 Advertising: Magazine Newspaper SECURITIES. Stocks Bonds Municipal bonds (new)1. Life insurance 1 1 SALES. Of the 12 individual commodities for which sales data are available the sales in April, with the exception of redwood lumber, clay fire brick, and leather belting, were below those reported for April, 1922. The index of unfilled orders for basic commodities recently compiled by the Department of Commerce declined slightly in April. 2 156 Items based on value. Relative proportion of orders to total transactions. PRICES. Prices received by farmers for their crops continued to rise, reaching 39 per cent above the 1913 average. Live-stock prices remained within the same narrow range as during the previous three months, at from 6 to 7 per cent above the 1913 average. 10 The wholesale price index of the Department of Labor remained unchanged at 59 per cent above the pre-war average, declines in the farm products, fuel, and miscellaneous groups neutralizing increases in the other groups. The Federal Reserve Board's reclassification of this index shows a slight decline in raw materials in spite of an advance in forest products, while producers' and consumers' goods rose in price. Dun's and Bradstreet's index numbers of wholesale prices declined slightly, the first reduction in either index number since last summer. The retail food index increased slightly in April, while the cost of living figure of the National Industrial Conference Boa*rd for April shows no change, the increase in food being balanced by declines in clothing and fuel. Foreign wholesale prices moved within a narrow range, with declines in France and Sweden and increases in Great Britain, Italy, Switzerland, and Canada. Comparing industrial prices in the table and chart on pages 4 and 5, it is seen that farmers7 prices increased, except for cotton, hogs, and lambs, while the same commodities and also cattle show declines in the market price of farm products. Foodstuffs increased except cottonseed oil, which declined, and beef, which remained unchanged. Clothing prices showed little change except increases in raw silk and cotton sheeting and declines in cotton yarns and print cloth and in packers' hides. Among the fuels coke and petroleum declined, while coal was stationary. Among the metals, iron and steel rose, copper was unchanged, and other metals declined. Building materials in general rose slightly, except for a sharp advance in steel beams, which at 18 per cent was the largest advance in the whole list. Other advances of over 8 per cent were potatoes, corn, and silk, while coke, with 14 per cent, and lambs, with 8 per cent, were the only outstanding declines. TEXTILES. Receipts of wool at Boston made a seasonal decline in April, but were considerably larger than a year ago, owing to foreign receipts being almost doubled, while domestic receipts were slightly lower. Consumption of wool declined about 10 per cent from March. Woolen machinery activity decreased slightly as regards looms, but spindles, cards, and combs showed even greater activity, due to the large amount of overtime work. The price of raw wool to the producer again advanced, but through all other stages prices of wool and woolen goods remained stationary. The first report compiled by the Bureau of the Census on the monthly output of ready-to-wear clothing shows the number of garments cut by 327 identical establishments in February and March: M E N ' § AND BOY'S CLOTHING. NUMBER OF GARMENTS CUT. KIND. February. Men's suits, made wholly or partly of wool Men's suits, made wholly or partly of mohair, cotton, silk, linen, etc , Men's separate trousers, made wholly or partly of wool Men's separate summer trousers, made wholly or partly of mohair, cotton, silk, linen, etc Men's overcoats... Boys' suits and separate pants (all grades) Boys' overcoats and reefers (all srad.es) March. 870,160 908,132 144,608 735,617 155,523 788,242 429,381 119,130 659,570 17,733 467,25B 144,950 719,125 12,294 Cotton consumption declined from the March high record to 577,396 bales in April, in a seasonal movement. Stocks of raw cotton at both mills and warehouses continued to decline, and were about 800,000 bales less than a year ago. Exports of raw cotton again declined, and at 262,753 bales were the lowest since September, 1920. Cotton cloth exports declined slightly, as did sales of elastic webbing. Slightly more cotton spindles were active in April than in March, but the total activity declined. Prices of cotton and cotton goods were slightly lower in April, except for a very slight advance in sheetings. The first report of the Bureau of the Census on the monthly operations of hosiery concerns gives the following statistics for February and March by 311 identical concerns representing 383 mills, which reported over 60 per cent of the total value of hosiery at the Census of Manufactures of 1921 : QUANTITY (DOZEN PAIRS). March. February. Total.* Production: All cotton All nat. silk All others.... 2,193,110 862,949 972,844 Men's. 941,258 247,931 326,145 Women's. Total.1 596,828 2,520,755 919,012 605,213 560,851 1,112,586 Men's. 1,071,965 255,262 379,409 Women's. 663,383 655,373 616,046 Total. 4,028,903 1,515,334 1,762,892 4,552,355 1,706,636 1,934,802 Shipments Stocks, end of mo. Orders Cancellations Unfilled orders, end of month... 4,050,932 1,475,080 727,290 4,636,310 1,684,125 1,970,981 6,069,277 1,977,636 2,741,181 6,186,661 2,014,080 2,764,592 4 299,313 1,602,633 1,774,856 4,473,516 1,604,630 2,009,238 221,149 127,969 171,584 41,874 104,486 57,083 10,972,600 4,423,648 4,208,057 10,453,877 4,277,225 4,024,121 1 Includes men's, women's, boys' and misses', children's and infants', and athletic and sport. The apparent consumption of silk in April amounted to 38,193 bales, the highest since the end of 1920. Stocks of raw silk at warehouses were further reduced to the lowest point since last July, while the price of raw silk exceeded $9 per pound for the first time since April, 1920. 11 COTTON CONSUMPTION IN NORTHERN AND SOUTHERN MILLS. 400 i kA \r %/A & \** %%V %* A •—Ai 1 V § V $ t f\r ->• J A of the United States Steel Corporation declined in April. Exports of iron and steel products increased slightly and prices continued to advance, especially structural beams, which rose 18 per cent over March. PRODUCTION OF PIG IRON AND STEEL INGOTS AND U. S. STEEL CORPORATION'S UNFILLED ORDERS. 12 % 10 i *. V % ) S • \\ °B LL o 0 _J i i I 1920 i 1922 i § I I 1921 I 1 4 # I 1923 2 STOCKS OF COTTON; NUMBER OF DAYS' SUPPLY AT DAILY RATE OF CONSUMPTION. 1 0 1 1920 350 1921 1922 11923 IRON AND STEEL. Slight declines were registered in the production, shipments, unfilled orders and unsold stocks of independent sheet producers, while sales declined over 43 per cent and total stocks increased slightly. Production of steel barrels rose to 50 per cent of capacity, the highest recorded since 1920, but shipments and unfilled orders declined.1 Bookings of commercial steel castings reported to the Bureau of the Census by two-thirds of the shop capacity devoted to this purpose amounted to 90,968 tons or 93.9 per cent of capacity, a decline of over 50,000 tons from the March record. Railway specialties were booked at only about half the March bookings but miscellaneous bookings declined only slightly. Sales of fabricated structural steel declined to 80 per cent of capacity, as comparad with 96 per cent in March and 88 per cent in April, 1922. The table on page 12 gives figures compiled by the Bureau of the Census showing the total tonnage booked each month by 171 firms with a monthly capacity of 226,625 tons, and the total bookings computed to a capacity of 250,000 tons at the rate of sales to capacity of the reporting firms. The production of pig iron in April was slightlyhigher than the previous record made in March, but steel-ingot production declined somewhat. The great falling off in orders for merchant pig iron and continued high production and shipments caused a decline in unfilled orders of merchant pig iron. Stocks of mercbwt iron increased slightly. Unfilled orders i The Steel Barrel Manufacturers' Association has entered into cooperative arrangements with the Department of Commerce for the wider distribution of the statistics compiled and issued by that association. The statistics are issued daily and monthly and cover the sales, production, shipments, and unfilled orders of steel barrels and drums specified by kind and size; shipments are distributed by states. Persons desiring to obtain this service may either apply direct to the secretary of the association, 1428 Bulkley Building, Cleveland, Ohio, from whom a statement of the subscription charges for the various reports may be obtained; or if they prefer, may send thoU aames fa the Survey of Current Business for forwarding to the association. / / 300 \ ^> Q. DL D CO m 250 /7s' h Ns \\ \ -V s\ u. o cc 200 LU CD D Z 150 J / / / //f h s !/ ' / \ V 100 50 12 NONFERROUS METALS. BOOKINGS OF FABRICATED STRUCTURAL STEEL. YEAR AND MONTH. April May June July August.. .. September. October November. December.. January.. February. March April 1922. 1923. Actual tonnage booked. Per cent of capacity. Computed total bookings. 199,494 183,089 167,641 155.298 ]54,676 145,097 131,303 110,188 136,168 220,000 202,500 185,000 172,500 170,000 160,000 145,000 122,500 150,000 170,190 U82,056 2 216,647 3 176,954 197,500 200,000 237,500 200,000 1 Reported by 170 firms with a capacity of 226,425 tons. 2 Reported by 167firrriSwith a capacity of 225,425 tons. 3 Reported by 150 firms with a capacity of 220,965 tons. Shipments of locomotives from manufacturing plants declined in April, due to the smaller number destined for domestic railroads. Unfilled orders, both domestic and foreign, declined slightly. Orders for domestic freight cars made a sharp decline. Sales of stokers made a considerable increase over April, but shipments of steel furniture declined. Production of copper was slightly less in April than in March and over 50 per cent higher than a year ago. Exports were the same as in March and there was no change in the price of electrolytic copper. Zinc production made a slight decline, and stocks were further reduced to a new low record since 1919. Receipts and shipments at St. Louis declined about 20 per cent and the price of slab zinc was reduced. Stocks of tin declined and the price of tin fell off slightly. Receipts of lead increased, but shipments declined. The price of lead declined slightly. FUELS. Production of both bituminous and anthracite coal seasonally declined about 9 per cent from March, but there was little change in the output of both beehive and by-product coke. Storage of anthracite coal increased but was only 7 per cent of last year and confined to steam sizes. Exports of both bituminous and anthracite coal increased slightly, while coke exports were double the March figures. Prices of coal and coke declined. LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS. PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL. ' 60 \ A i V\ 40 V / 36 \ / \ V. / i\ i • i IONS 4 / I i r \A 6 ' / / i o> 20 V v\ i I S A\ 1A — N—/ \ \ VI V. j—' / / 3 2 1 l! l§ ii IS 1922 1(923 !: S a 25 <I s5 =i | Production of crude petroleum for April made another high record at 58,133,000 barrels, and stocks continued to climb. Consumption declined, as did imports, and the price of crude oil was reduced slightly. A considerable increase took place in the number of oil wells completed during the month. Gasoline figures for March, the latest available, show increases in production, consumption, and exports, and the rise of stocks to 1,259,000,000 gallons—a level far above previous high marks. Exports of gasoline declined slightly in April. Production of other refined products increased in March, and stocks declined, except for kerosene oil. 13 AUTOMOBILES. PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE. 36 The output of automobiles made a new high record in April with 344,474 passenger cars and 37,514 trucks, both showing an increase of 8 per cent over March. VV co 30 z o f- V) Q co 20 \ D O I N U.I5 O 7 l\ / % Q Z 3 X 6 Production of glass bottles declined slightly in March, while March operations of illuminating glassware plants show declines in production, shipments, and orders, all being slightly over 50 per cent of capacity. Sales of spectacle frames and mountings made a considerable increase in April, but unfilled orders declined. BUTTONS. r CO Q glO" GLASS AND OPTICAL GOODS. w O26 A * I 1921 1922 (923 PAPER AND PRINTING. Production of mechanical wood pulp increased almost 25 per cent over March, consumption was slightly greater, and stocks increased 48 per cent in a seasonal movement. Production and consumption of chemical pulp declined and stocks increased slightly. Production and shipments of newsprint paper declined about 10 per cent and total stocks declined slightly in spite of an increase in jobbers' holdings. Consumption of newsprint by publishers increased. Total printing paper exports declined. A slight increase took place in production of corrugated and solid fiber paper boxes. 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 (GROSS). WEEK ENDING— December 30 (previous year).. January— 6 13 20 27 February— 3 10 17 24 March— 3 PRODUCTION AND STOCKS OF NEWSPRINT PAPER. 320 280 CO o H 240 / 200 17 o 160 D O 120 h 24 31 April— 14 21 28 May— A/ LL co Q <O n s f 10 A/ " V 12 19 V \ 80 4 v CTIOI* V ****** 40 1920 1921 1922 1923 PER CENT OF MACHINE ACTIVITY . 1923 1922 1 1923 1922 1 13,832,294 12,100,792 13,611,979 13,638,275 13,646,436 13,671,499 11,930,906 11,920,613 11,976,769 12,040,558 143.6 i 52.1 152.1 153.2 33.8 45.1 51.4 51.4 13,508,275 13,493,976 13,532,540 13,564,760 11,938,300 11,997,520 12,043,674 12,108,272 54.2 54.2 54.5 52.1 13,399,376 i 13,340,008 13,373,501 13,454,219 13,467,402 11,909,903 11,895,817 11,941,118 12,000,472 12,020,933 13,344,915 13,357,190 U3,455,624 13,514,369 11,988.674 12,082,463 12,161,789 12,199,085 13,431,057 13,499,864 13,622.367 12,164,667 12,240,858 12,390,540 51.1 51.1 49.5 49.8 49.0 48.7 48.0 50.3 50.5 50.2 50.1 48.5 45.0 44.6 48.2 48.1 53.1 151.0 53.3 54.2 52.8 54.0 54.8 155.6 54.7 53. 5 54.0 54.0 i Based on reports from 16 firms. a The National Association of Button Manufacturers has entered into cooperative arrangements with the Department of Commerce for the wider distribution of the statistics compiled and issued by that association. The statistics cover the quantity and price of orders received, quantity of button stocks on hand, and machinery activity weekly for fresh-water pearl buttons specified by kind and grade. Persons desirin? 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 the Survey of Current Business for forwarding to the association. A limited number of 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 to cover merely the cost of distribution. 14 BUILDING CONSTRUCTION. Building costs remained quite stationary in April, both as regards building materials and the costs of construction. Building contracts awarded in April in the 27 Northeastern States made a very slight decline from March, but the total value was considerably higher. The only increases in volume occurred in several groups of public and semipublic buildings, while industrial contracts fell off 21 per cent. Fire losses declined over 20 per cent from March, but were slightly larger than a year ago. VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES. 1919 1920 1921 BUILDING MATERIALS. Production of lumber in general showed a decline from the high March totals. Exceptions were Douglas fir, western pine, and northern pine. Shipments of all species declined except Michigan softwoods, and stocks were less than in March except for western pine. Exports of lumber increased and prices declined fractionally. PRODUCTION AND STOCKS OP PORTLAND CEMENT. \ / J i i y \ \ J i i A . 1 i I OBI l\ \ /I \ i I Xi i i 1122 i / i i I 1823 1922 1923 Orders for both oak and maple flooring declined about 40 per cent from March, while production, shipments, stocks, and unfilled orders all declined to a considerable extent. Production, shipments, and stocks of clay-fire and silica brick declined in April. Orders for clay-fire brick were one-third less than the March orders, but unfilled orders increased slightly. Production, shipments, and unfilled orders of face brick continued to increase, but stocks declined. Prices of common brick showed little change. The first statistical report of the National Paving Brick Manufacturers' Association,1 covering 29 companies representing 66 per cent of the tonnage capacity of the paving brick industry, shows the following figures on No. 1 paving brick for the month of April: i The National Paving Brick Manufacturers' Association has entered into cooperative arrangements with the Department of Commerce for the wider distribution of the statistics compiled and issued by that association. The statistics are issued weekly and cover the production, shipments, stocks, new orders, cancellations and unfilled orders for paving brick, classified by sizes. The distribution 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 the association, 830 Engineers Building, Cleveland, Ohio, 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 is available for distribution by the association. If there is a large demand for these sheets, a charge will probably be made by th« association to cover the cost of printing and mailing. 15 PAVING BRICK ( N O . 1 SIZE). [In thousands of bricks.] April. Production Shipments Stockonhand, end of month Orders received Cancellations Unfilled orders, end of month 33, 315 23, 397 80,170 24, 522 1,028 91, 849 March. 70,252 91, 752 The production of No. 1 and No. 2 paving brick in April represented 77 per cent of the normal tonnage capacity of the reporting firms. Production and shipments of cement made a seasonal increase in April and were larger than a year ago. Stocks declined during April and were considerably lower than a year ago. The price of Portland cement remained unchanged. Contracts for concrete paving let in April increased but were much smaller than in April, 1922. A considerable decline took place in April in orders and shipments of all classes of sanitary enamel ware, as against an increase during April, 1922, but the totals were about the same as a year ago. Stocks in general declined during April and averaged about half as large as a year ago. Sales of tubular plumbing goods in April were less than half of the March sales, both in pieces and in value.1 The wholesale price index of plumbing fixtures, compiled from reports to the Department of Commerce, shows a further increase in April, with prices about 92 per cent over the 1913 average. HIDES AND LEATHER. Production of sole leather in April was almost as large as in March and reductions of about 8 per cent occurred in the output of skivers and oak and union harness. Exports of sole leather declined, but upper leather exports were larger than in March. The production of boots and shoes declined about 10 per cent in April, but exports continued to increase. Prices of boots and shoes were unchanged. Sales of leather belting declined slightly. CHEMICALS AND OILS. Exports of sulphuric acid and dyestuffs declined but fertilizer exports increased. Prices of essential oils and chemicals increased, but crude drugs remained unchanged and drugs and pharmaceuticals declined slightly. * 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 traps and supply pipes. The figures are given in great detail in the regular reports specifying the quantities, 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. Seasonal increases took place in the receipts of turpentine and rosin, which were larger than a year ago. Stocks of turpentine were greater than the previous month and a year ago, but rosin stocks were less than at both these periods. Exports of vegetable oils increased slightly in April. The consumption of oleomargarine declined. Stocks of cottonseed and production and stocks of cottonseed oil declined seasonally but were higher than a year ago. The price of cottonseed oil declined fractionally. Except for a large increase in receipts at Minneapolis, the usual seasonal decline took place in receipts, shipments, and stocks of flaxseed in the Northwest, with stocks far below last year. Shipments of linseed oil and oil cake from Minneapolis, however, showed an increase and were much larger than a year ago. CEREALS. Receipts and shipments "of wheat at the principal markets were about the same as in March and considerably larger than a year ago. Exports of wheat and flour were slightly less than either March, 1923, or April, 1922. Prices of wheat and flour advanced slightly. The visible supply of wheat was 30,000,000 bushels larger than a year ago. Receipts and shipments of corn made a seasonal decline and were larger than in April, 1922. The visible supply was 15,000,000 bushels smaller than a year ago. Exports again declined, but the price of corn rose. Grindings of corn by starch and glucose manufacturers made a seasonal decline but exceeded last year's grindings for April. Reports furnished to the Department of Commerce by the Iowa-Nebraska Canners' Association 2 show the following comparison of unsold stocks of sweet corn in the 36 canneries of Iowa and Nebraska, in cases: 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 29, 1923 1,956,000 1, 644, 000 1,400,000 519,600 649,000 569,417 291, 209 238,417 3 133, 623 Receipts of oats in April were almost twice as large as a year ago, but the visible supply was less than half as great. Exports increased, but were much less «The Iowa-Nebraska Canners' Association has entered into cooperative arrangements 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 corn 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. aOne cannery missing. 16 than a year ago, while the price of oats advanced fractionally. Prices of barley and rye also advanced. Total grain exports for April declined to 19,936,000 bushels, slightly more than half as large as a year ago, but car loadings of grain and grain products, though less than in March, were about 15 per cent larger than in April, 1922. Exports of condensed and evaporated milk declined from March, 1923, and from April, 1922. Receipts of butter and cheese were larger than a year ago, but receipts of eggs were less. Cold-storage holdings of butter and eggs were less than a year ago, but cheese holdings increased. Prices of butter and cheese declined from March. TOBACCO. RELATIVE PURCHASING POWER OP FARM PRODUCTS, AND PATENTS FOR AGRICULTURAL IMPLEMENTS. A decline of about 7 per cent took place in the consumption of tobacco products in April, as represented by tax-paid withdrawals, but there was a considerable increase over the corresponding month of last year. Exports of both unmanufactured tobacco and cigarettes made good increases over March. RELATIVE PRODUCTION OF CIGARS, CIGARETTES, AND MANUFACTURED TOBACCO. (Relative monthly production 1913=100.) \A V V 60 1913 1914 1915 1916 1917 1918 1919 1920 1921 r / i y V 1922 OTHER CROPS. Receipts and shipments of rice increased both over March, 1923, and April, 1922, while exports declined in comparison with both periods. Stocks declined but were larger than a year ago. Cold-storage holdings of apples and carlot shipments made seasonal declines but were larger than a year ago. Slight declines occurred in the carlot shipments of potatoes, onions and citrus fruit, all but onions exceeding the April, 1922 shipments. MEATS AND DAIRY PRODUCTS. The movement and slaughter of all kinds of live stock was generally greater in April than a year ago, with cattle showing an increase over March in contrast to a decline a year ago. Exports of both beef products and pork products declined, with the latter about twice as high as a year ago. Cold-storage holdings of meats were considerably larger than at this season last year. Prices were irregular. The fish catch for April was considerably larger than a year ago, but cold-storage holdings were much less. Poultry receipts were less than in March but greater than in April, 1922. Cold-storage holdings were about 50 per cent larger than a year ago. tA / - /A" % \ A f\ CIG LR8 i | s = § i i i 5' i i I i i i 1920 j 1921 | 1922 | 1923 WATER TRANSPORTATION. March traffic through the Panama Canal was the largest on record, with 1,941,000 tons of cargo passing through, of which over half was carried in American vessels. Clearances of vessels in foreign trade from United States ports increased but entrances declined. The relative proportion of American vessels was slightly greater than in March. Ocean freight rates to England declined but the index for all of Europe rose. RAILROADS. The surplus of idle freight cars was reduced slightly in April and the shortage was cut in half, thus bringing the net shortage down to less than 22,000 cars. The number of bad-order cars increased slightly. Car loadings again increased, owing to the continued growth of merchandise shipments. About 10 per cent more Pullman passengers were carried in April than a year ago. 17 March figures on railroad operations show considerably larger revenues, both freight and passenger, than a year ago, and also a considerable advance in operating expense, with net-operating income about the same, at the annual rate of 5.84 per cent on the tentative valuation of the reporting railroads. PANAMA CANAL TRAFFIC. LABOR. Employment in 1,428 United States factories, each employing 500 workers or over, showed an increase in April, and at 2,040,000 employees compares with 1,617,000 in April, 1922. Employment reports from Wisconsin also show an increase for the month, while in New York State factories a slight decline was reported in the number of employees during April. Total involuntary unemployment in Pennsylvania was reduced still further, being estimated at 10,025 on May 15. The total pay roll in New York State factories increased but one-tenth of 1 per cent, while for Wisconsin the increase amounted to 2 per cent. The average weekly earnings of Wisconsin factory employees increased 1 per cent during April. Reports from State and municipal employment agencies show that in April the registration of workers amounted to 178,158, while the number of jobs registered, at 200,692, was higher than at any time since October, 1922. The ratio of workers per job at 0.89 is the lowest since comparable figures became available in July, 1921, and compares with 1.32 in April a year ago. SHORTAGE, SURPLUS, BAD-ORDER, AND TOTAL LOADINGS OP FREIGHT CARS. I 1 950 tz \\ \\ 4 900 850 9- ,.jA 800 750 \ f V t 1 \ 700 j 1 I1 \ f il / 1 I/ /\ / 1/ /\ / 7 tz / \ f/ \f FACTORY EMPLOYMENT. I \1 I /I/ 1 J i \Vy 650 «500 z SIX I w 450 3 O zt tzl/z IV * f •?7y \ E 400 \ ^ \ 100 zt V ^ ^ 1 \ \ i 5c r'sCAR SHORIAGE 1920 50832°—23- \ 1921 \ s ! /\ I \f T: "-••• r i Si., v/ \\ i \ i/ zt IT V JL 50 \ \ 1 l\ fl\ !\ / \ i\ 150 1 1923 \; \ X 4 ^ z a « i I /V • DISTRIBUTION MOVEMENT. ' « j ? 1822 > 1923 Retail sales of the two largest mail-order houses made the usual seasonal decline in April, and at $30,691,000 compare with $22,071,000 for the corresponding month 18 of 1922. April sales of 10-cent chain stores aggregated $23,764,000, which may be compared with $22,429,000 in April, 1922, and $18,589,000 in April, 1921. The index of department-store sales as compiled by the Federal Reserve Board also shows the seasonal falling off in this line of trade, and at 117 the index on a 1919 base compares with 113 in April, 1922. Department store stocks at 128.5 for April, on a 1919 base, compare with 117.6 in April, 1922, and 142.0 in April, 1920. SALES OP MAIL-ORDER HOUSES AND CHAIN TEN-CENT STORES. i 46 - 40 S J r<i HA 30\ 15 - / 1J A . CH •J i 1 j / ii 11 j! ! 35- i \ \ r /> J! / " V . -71 i / \ J BANKING AND FINANCE. As measured by debits to individual accounts, the volume of payments by checks outside of New York City declined to $18,732,000,000 in April, which compares with $16,481,000,000 in April, 1922, and $20,279,000,000 in April, 1920. Debits to individual accounts in New York City declined to $20,478,000,000, which may be compared with $20,717,000,000 in April a year ago. Discounts, investments, deposits, and note circulation of the Federal reserve banks were reduced slightly during April, while the reserve ratio increased and at 77.0 per cent compares with 75.5 in March and 78.3 in April, 1922. Among the member banks of the Federal Reserve System, loans and discounts increased, and at $11,839,000,000 were 10 per cent greater than April a year ago, while total investments were reduced to provide for the increased demand for funds in business. Net demand deposits increased during the month. BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS. 24 i 6 / 28 1 I I 20 \\ 1921 Magazine advertising in May amounted to 2,270,000 lines and compares with 1,830,000 lines in May a year ago. The total magazine advertising for the first five months of 1923 aggregated 9,699,000 lines and compares with 7,557,000 lines for the corresponding period of last year. Newspaper advertising increased during April, and at 387,777,000 agate lines the cumulative total for the first four months of the year compares with 352,909,000 lines for the same period of 1922. Postal receipts in 50 selected cities during April amounted to $24,374,000, which may be compared with $22,156,000 in April a year ago and $22,441,000 in April, 1920. PUBLIC FINANCE. The total interest-bearing debt increased in April, but decreased 3 per cent from April, 1922. Customs receipts in April declined, but the total for the first four months of 1923 is 56 per cent greater than for the corresponding period last year. For the four months ending April 30 ordinary expenditures increased 12 per cent from the corresponding period of 1922, while ordinary receipts increased 16 per cent over the same period. The per capita distribution of money held outside of the United States Treasury and the Federal Reserve System amounted to $42*04 as against $40.06 in April, 1922. \ 16 \ 12 \ z «*. 1920 1921 1 E k >• ^ i O 1922 z 5 11923 Interest rates on New York call loans declined appreciably in April, and at 4.94 per cent may be compared with 4.35 per cent for April last year and 7.35 per cent for April, 1920. Rates on prime commercial paper hardened in April, and at 5.13 per cent the April average may be compared with 6.78 per cent in April, 1920. With the exception of the New York district, savings deposits increased in each of the twelve Federal Reserve districts, the greatest percentage increase over March being in the Kansas City district. The combined total deposits to the credit of depositors in eleven 19 EXPORTS FROM THE UNITED STATES AND THE UNITED KINGDOM. 400 £ 1 300 C/5 DC LU m / H i r* D Z 200 X \i y LU Q Z .A i \ / 100 •s\ V l( 13 AV ERAG £ QC J 1920 192! 1922 ! 1923 Owing to the much larger number of classifications required under the new tariff act and the difficulty in getting the declarations properly made out, all import statistics have been greatly delayed. It is expected that these difficulties will be overcome shortly and that the statistics can again be brought up to date. Figures for imports during January, 1923, have just become available Since these can not easily be fitted into the table on the u Trend of Business Movements/' the imports of those items usually reported in the Survey are given in the accompanying table. Comparison is made with the quantities imported in January, 1922. With the exception of rice and mechanical wood pulp, the imports of the commodities here shown in quantities point to a marked increase in the volume of our import trade during the fiscal year 1923 as compared with 1922. In point of value, the total goods imported into the United States since the beginning of the fiscal year was 43 per cent greater than the corresponding period a year ago. IMPORTS OF SPECIFIED COMMODITIES. January, 1923. GRAND TOTAL IMPORTS FOODSTUFFS: Rice Coffee.. Tea Sugar Vegetable oils HIDES AND SKINS: Total Cattle hides Calfskins Sheep and lamb skins Goat and kid skins TEXTILES: Cotton Wool Silk Fiber Burlap RUBBER METALS: Iron and steel Tin PAPER: Mechanical wood pulp Chemical wood pulp Newspaper print CHEMICALS: Potash Nitrate of soda January, 1922. Percentage increase (+) or decrease (-^January, 1923, from January, 1922. CUMULATIVE TOTAL FROM JULY 1. 1922-23 1921-22 Percentage increase ( + ) or decrease (—), cumulative 192223 from 1921-22. 319,000 217,185 +46.9 2,012,110 1,405,857 +43.1 11,922 115,608 8,738 240,034 63,112 8,640 119,353 6,966 314,939 49,060 4-38.0 -3.1 +25.4 -23.8 +28.6 40, 222 721,709 70,649 1,866,116 339,529 44,84S 717,404 57,921 1,379,777 233,133 -10.3 +0.6 +22.0 + 35.2 +45.6 lbs. lbs. lbs. lbs. lbs. 59,327 33,126 4,596 *9,397 8,S54 27,833 15,934 2,272 3,213 5,530 + 113.2 + 108.0 + 102.3 + 192.5 +60.1 402,030 240,671 44,311 45,557 48, 344 212,185 104,019 27,944 26,588 47,617 +89.5 + 131.4 +58.6 + 71.3 + 1.5 bales. thous. of lbs. thous. of lbs. long tons thous. of lbs. 105,215 56,313 5,603 47,106 61,013 42,093 22,152 4,593 14,612 37,781 + 150.0 + 154.2 +22.0 +222.4 +61.5 277,802 250,323 38,873 198,956 307,153 201,253 94,560 37,020 107,986 260,856 +38.0 + 164.7 + 5.0 +84.2 +17.7 thous. of lbs. 82,653 54,011 +53.0 446,735 307,327 +45.6 thous. of long tons. thous. of lbs. 119 13,165 13 9,103 +815.4 +44.6 728 82,119 82 41,784 +787. S +96.5 short tons. short tons. short tons. 30,447 116,426 106,988 20,920 95,525 82,482 +45.5 +21.9 +29.7 166,189 753,620 650,294 172,011 491,359 524,594 -3.4 +53.4 +24.0 long tons. long tons. 20,409 109,064 17,591 9,470 +16.0 + 1,051.7 136,497 453,983 90,275 117,196 +51.2 +287.4 thous. of dolls thous. of lbs. thous. of lbs. thous. of lbs. long tons. thous. of lbs. thous. of thous. of thous. of thous. of thous. of 20 Prices of both industrial and railroad stocks declined during April, as did industrial bonds, while prices of railroad bonds advanced slightly. Sales of stocks on the New York Stock Exchange declined 22 per cent from March and the 20,136,000 shares sold compare with 30,468,000 shares in April, 1922. Sales of bonds showed a decline both as compared with March and with April a year ago. NUMBER OF BUSINESS FAILURES BY GEOGRAPHICAL DISTRIBUTION. 2.800 2.600 2,400 2.200 1,800 1.600 1.400 1,200 1.000 800 i i i > (916 it I i § 1917 1918 GOLD AND SILVER. Gold receipts at the mint in April totaled 65,043 fine ounces as against 64,494 ounces in March and 71,768 ounces in April, 1922. The Rand output for April declined, as did both exports and imports of gold. The total imports of gold for the first four months of 1923 amounted to $66,342,000, which is i 1919 § 1920 1921 i 1922 ! I I 11923 34 per cent less than the corresponding period of 1922. Gold exports for the same period amounted to $20,918,000, or 307 per cent greater than the total exports of gold in the first four months of 1922. Imports and exports of silver declined during April as did the price of silver at New York. 21 statistics have been greatly delayed. It is expected that these difficulties will be overcome shortly and Exchange on London declined in April, while that the statistics can be brought up to date. Figures French, Belgian and Italian exchanges increased for imports during February, March, and April, 1923, during the month. Exchange on Switzerland and the have just become available. The imports of those Netherlands also declined in April while Japanese yen items usually reported in the Survey are given in the rose during the month. Of the other important accompanying table. Comparison is made with the countries, exchange on India, Canada, Argentina, quantities imported in the corresponding months of Brazil, and Chile declined in April. The general index of foreign exchange for April shows no change 1922. With the exception of tea, sugar, and vegetable oils, the imports of the commodities here shown in from the preceding month at 67. quantities point to a marked increase in the volume of our import trade during the first four months of FOREIGN TRADE. 1923 as compared with 1922. In point of value, the Owing to the much larger number of classifications total goods imported into the United States since the required under the new tariff act and the difficulty in beginning of the calendar year was 54 per cent greater getting the declarations properly made out, all import than the corresponding period a year ago. FOREIGN EXCHANGE. IMPORTS OF SPECIFIED COMMODITIES. Percent- 1922 1928 age — CUMULATIVE TOTAL, CALENDAR YEAR. increase (+) or de- GRAND TOTAL IMPORTS FOODSTUFFS: Rice Cofloo Tea Sugar Vegetable oils HIDES AND SKINS: Total Cattle hides Calfskins Sheep and Iamb skins Goat and kid skins TEXTILES: Cotton Wool Silk Fiber Burlap RUBBER METALS: Iron and steel. Tin PAPER: Mechanical wood pulp Chemical wood pulp Newsprint paper CHEMICALS: Potash Nitrate of soda April. February. March. April. crease (--) April, 1923, from April, 1922. 1923 398,078 364,230 215,743 256,178 217,023 4-67.8 1,395,624 3,984 131,975 5,376 245,907 54,798 3,015 175,876 4,221 578,101 49,080 7,072 114,073 4,309 391,741 64,452 5,345 106,847 5,030 448,321 50,008 4,275 96,132 6,617 571,836 81,270 4,900 100,455 5,593 473,137 64,363 +44.3 + 13.6 -23.0 -17.2 +0.1 thous. of lbs thous. of lbs thous. of lbs thous. of lbs thous. of lbs 49,033 30,535 3,332 6.608 5,832 51,414 28,361 3,144 8,076 8,638 63,200 40,024 4,234 8,182 6,839 35,190 23,286 3,013 2 294 5,563 30,344 14,908 1,971 4,517 6,908 31,935 16,348 1,702 3 780 8,708 bales thous of lbs, thous. of lbs. long tons, thous. of lbs 66,329 57,111 5,133 26,367 47,914 53,219 63, 706 6,154 30,213 55,231 37,068 77,047 4,170 29,752 52,825 54,761 27, 834 3,801 18,462 31,345 59,957 43,071 3,406 27,874 41,240 thous. of lbs, 63,258 73,114 | 73,488 66,744 I 64,215 thous. of long tons. thous. of lbs. 67 12,429 105 18,366 16,802 12 9,295 short tons. short tons. short tons. 27,766 97,774 89,495 25,143 82,078 112,340 17,186 70,401 111,712 lonp tons. long tons. 17,050 86,302 22,226 121,134 25,077 98,577 Fobruary. March. thous. of dolls 303,413 thous. of lbs thous. of lbs thous. of lbs „ ion}? tons thous. of lbs 1922 ; Porcenti age increase ; ( + )orde; croase(—) i cumulaj tivo 1923 I from I 1922. 906,129 +54.0 25,992 537,532 22,644 1,455,783 231,442 23,159 422,787 24,200 1,808 233 244,701 + 12.2 + 27.1 +97. 9 + 144.8 + 148.8 + 116.5 -21.5 222,974 132,040 15,296 32,263 29,163 125,302 70,476 8,958 13,804 26,709 + 77.9 + 87.4 + 70.8 + 133.7 15,115 38,988 3,087 15,212 37,200 + 145.2 +97.6 + 35.1 +95.6 +42.0 261,831 254,177 21,060 133,438 216,983 171,926 132,045 14,887 76,160 147,565 +52.3 +92.5 +41.5 + 75.2 +47.0 43,407 + 69.3 292,512 228,378 + 28.1 14 15,783 19 10,526 +300.0 +59.6 367 60,761 58 44,708 +532.8 +35.9 9,138 66,443 82,390 12,425 48,376 78,031 11,797 65,140 77,369 +45.7 + 8.1 +44.4 102,562 366,679 420,535 54,280 275,484 320,272 + 88.9 + 33.1 +31.3 20,793 19,160 21,925 23,452 24,883 29,891 +0.8 +229.8 87,574 415,077 85,192 81,973 + 2.8 +406.4 j j — 6.-5 -19.5 —5.4 +9.2 22 RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS IN BASIC INDUSTRIES. (Monthly average 1920=100.) \ > 130 if i2Q t V NO CQ 100 D Z \ $ A , > Q Z i \ si *i \ .£ > \ \ If \ i > \ a\• % 1920 AVERAGE A v| t\\ / r 62 / r , 1 1 / 70 9 / 4 N 50 $ 8 [ 1920 I in. — 1921 J / 1922 1923 PRODUCTION, STOCKS, AND WHOLESALE PRICES. (Monthly average 1919=100.) 1923 23 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. INDEX NUMBERS OF MANUFACTURING PRODUCTION. 1 Feb. Total index FOODSTUFFS: Meats Wheat four . . . Sugar meltings Ice cream Butter Cheese Condensed milk Glucose and starch Oleomargarine (production)... Rice COMBINED PRODUCTION INDEX NUMBERS. (Relative monthly production 1919=100.) Total 1923 1922 Maxi- Minimum mum 1921 1922 ! j since since aver- aver- j end of end of age. age. Mar. Apr. Feb. Mar. Apr 1919. 1919. 1923 1922 Apr. 82.1 96.7 99 3 83 2 127.8 49.0 90 9 50.7 51.8 109.9 93 9 87.1 164.6 65.7 107.2 67.6 61.7 123.5 83.7 70.5 163.6 92.2 115.9 74.3 69.4 77.8 47 6 166.8 52.0 195.9 45.3 81.7 86.3 95.3 95.8 116.8 92.7 j i ' j i j Feb. Mar. 109.3 126.7 107.2 85.0 105.4 25O.O 2 80.6 2:43.3 2 32.0 104.0 120.2 95.6 157.0 2 72.2 4 95.7 2 60.0 2 46.2 115.8. 60.8 91.8 2 69.9 107.0 Apr. 149.6 102.7 115.7 85.3 ' 2 89.7 2102.5 105.4 131.2 89.9 92.5 114.9 125.8 126.3 135.4 117.0 122.6 103.2 114.5 90.8 118.8 129.5 119.0 64.0 71.0 19.7 79.8 96.5 17.5 81.3 i 117.5 118.8 99.5 9.4 ! 92.8 138.2 138.5 126.5 139.2 135.2 97.3 67.2 89.8 92.0 117.2 140.4 133.5 Lumber Flooring 88.8 131.9 100.4 146.9 101.7 97.6 148.9 ; 177.5 123.8 221.3 119.4 209.1 Total 96.5 108.7 110.1 141.2 135.4 77.2 90.5 *70.7 98.7 ! 109.8 8 130.1 90.1 3114.7 105.2 TEXTH.ES: Cotton (consumption) Wool (consumption) Total I Mar. 1 IRON AND STEEL: Manufacturing (total). Manufacturing f62 identical commod.) Raw materials, total.. Minerals Animal products.. Crops Forestry Pig iron Steel ingots 109.3 126.7 126.7 81.2 119.7 153.4 131.7 119.6 194.6 127.9 74.0 80.9 97.8 : 93.6; 88.6 100.9 122.7 72.9: 102.8 108.0! 93.6i 74.1 87.4 98.2 90. 5 93.3 99.0i 116.21 62.5 106.5 125.8 121. 1 62,5 79. 7! 97.5 106.3 102.5 106.9 95.4 113.6 111. 4 49.1! 112.1 112.6 77.8 54.5 73.4 74.3 61. 0 60. 6 85.5 109 9 99.3| 101.7 95.9 119.9 120. 4 I INDEX 102.2! OF F O R E S T R Y 96.7; 92.7' Total LUMBER: LEATHER: PRODUCTION.1 Sole leather Boots and shoes (Relative production 1919=100.) Total 1922 1923 Wood pulp | Paper '• Printing (paper purchases). j Consumption by printers, newspaper printing — Apr. Feb. Mar. 101.3 124.6 110.5 Total 80.4 51.7 114.4 109.4 137.7 : 128.3 79.4 i 65.7 112.1 80.7 103.3 139.8 175.1 80.9 119.6 169.1 146.4 139.9 71.0 110.7 CHEMICALS, ETC.: Apr. Mar. I Yellow pine 97 5 110 3 Western and sugar pine and id 1 white fir 32.3 46 6 Douglas fir .. 109.5 109.1 Redwood .. 95.5 j 142.9 Hemlock 38 9 57 8 Maple, birch, and beech.. ..: 68.7 94.6 Total lumber Pulp wood Gum Distilled wood 103.7 ...! 88.8 1 100.4 101.7 97.6 123.8 121.7 ... 76 2 i 109 7 47 9 : 53 6 71.6 : 83.7 107.3 96.7 63.3 91.4 63.9 123.1 108.1 64.3 132.1 111.8 113.0 119.9 85.7 i 101.7 95.9 119.9 120.4 Grand total 99.3 t For complete table and discussion see August, 1922 (No. 12), issue of the Survey. I N D E X OF M A R K E T I N G S OF A N I M A L Coke Petroleum products Cottonseed oil.... Turpentine and rosin Total STONE, CLAY, AND GLASS: Brick . . . Glass bottles Cement Total Total metals, exrept iron 1 Apr. | Feb. : 87.8 102.5 75.2 ; 69.0 9G.7 61. S 86.4 ; ; 75. s ; 123.7 101.9 | 61.1 79.0 91.3 i 64.7 163.9 Total Wool Cattle and calves Hogs Sheep Eggs Poultry Fish Milk 1923 Mar. i 106.9 51.2 71.6 82.1 54.2 245.0 66.6 1 56.5 107.3 I 75.8 117.9 ! 115.1 ( Mar. 95. 4 i 113.6 33.6 69.5 120.1 60.3 86.3 119.3 67.1 106.9 ! 52.4 7V2 : 131.8 I 63.1 1 178.8 ! 86.6 j 89.4 122.5 87.8 97.1 86.3 i 1 1 1 . 5 97.3 1 115.1 123.2 109.5 105.5 i 9 9 . 1 111.2 102.4 119.1 2128.9 107-0 127.0 j 2138.2 54.9 117.4 137.6 105.5 119.3 124.4 116.2 ' 103.9 119.1 114.3 118.5 2132.7 63.7 i 113.4 76.1 51.0 77.9 127.8 61.1 57.2 74.8 124.0 20.4 98.0 116.6 140.4 84.3 66.6 135.9 153.0 52.2 67.4 135.3 151.8 33.9 113.8 | 96.0 105.9 100.3 124.0 131.0 130.8 ; 58 4 81 0 63.9 85 4 67 0 99.9 89.2 79 0 138.1 93.7 ' 96.6 79 0 82 0 120.8 147.7 j 68.9 81.7 97.4 95.8 134.1 : 92.9 169.2 102.4 29.0 : 32.6 69.4 66.7 178.7 | 200.8 113.0 ; 107.9 1 114.2 98.7 »123.2 ! 111.0 ! 127.4 189.9 1 22.5.5 126.2 ; 149.8 111.9 122.5 198.6 138.5 140.4 3 167.7 151.4 96.3 90.4 106.4 93.9 115.4 91.8 75.9 70.6 107.9 j 89.8 82.1 ; 88.8 85.1 78.0 92.2 86.1 104.4 76.9 90.3 I 83.1 94.3 9.8 1.8 105.0 i 133.5 112.0 124.3 6.1 168.1 158.9 TOBACCO: Manufactured tobacco and snuff Cigars Cigarettes Apr. 111.4 Total 45.5 81.4 115.5 63.9 188.3 62.8 87.1 122.6 MlSCELLANFOFS: For complete table and discussion, see June, 1922 (No. 10), issue of the Survey. 96.4 Copper smelting and refining .' 46.1 Zin^ smelting and refining. 58.9 Enamelware 142.2 Lead 113.5 i (Relative marketings 1919=100.) Feb. 85.6 METALS, EXCEPT IRON AND STFEL- PRODUCTS.1 1922 78.5 107.8 PAPER AND PRINTING: i : Feb. 78.1 90.4 111.9 1 Shipbuilding.. Automobiles.. Rubber tires.. Total. 1 10.9 74.4 85.7 53.1 70.6 ; 81.2 103.1 63.5 113.9 90.5 ; 97.7 7.1 214.6 193.1 11.1 232.2 178.0 104.1 ; 130.5 134.7 For complete table and discussion, see January, 1923 (No. 17), issue of the Survey. 2 Subject to revision; partly estimated. * Revised 24 INDEX OF MINERAL PRODUCTION. 1 (Relative production 1919=100.) INDEX OF CROP MARKETING. 1 (Relative production 1919=100.) 1922 1 1922 Feb. Feb. Mar. Apr. Feb. Mar. Total production : 73.4 74.3 61.0 174.9 , 69.1 i 93.4 j 43.9 92.3 64.9 113.2 69.5 87.6 32.3 100.9 86.8 77.8 389 0 72.1 93.0 30.4 39.8 162.9 207.0 64.2 79.6 42.5 81.6 213.6 Total grains 151.6 101.9 96.5 81.9 Potatoes (white) Sweet potatoes Tomatoes.. Onions Cabbage Celery 90.4 133. 5 44.3 58.7 145. 8 259.0 1*8.2 133.9 210. 5 41.6 200.9 327.7 91.7 134.1 91.1 ; 145. 3 74.9 232.1 SO. 3 178.3 188.0 •• 1 0 4 . 8 340.4 211.4 152.7 149.4 187.8 81.2 123.7 466.9 144.8 97.4 192.4 76.7 171.5 310.6 93.6 154.3 144.8 J 98.6 157.6 147.4 68.9 43.2 25.9 j 92.1 77.4 39/7 204.6 183.2 6*i.6 74.8 220.3 Corn Wheat Oats Barley Rye . Rice .... Total vegetables Apples Citrus fruit Grapes. . Pears Strawberries Total fruits Cotton Cottonseed Total cotton products Hay Tobacco Flaxseed Cane su^ar Total miscellaneous . .1 . I 128.5 180.2 0.5 0.1 54.5 97.0 ' 208.6 68.6 49.6 83.2 48.6 33.0 24.3 119.1 35.5 64.4 50.7 60.1 103. 8 178. 9 i37.8 : ! Feb. I Mar. Apr. 34.9 113.5 59.6 ] 67.6 '< 82.1 Total, excluding lead, gold, | and silver ; 36.4 57. 5 61.0 64.6 ! 81.3 82.3 72.2 45.5 38.5 51.1 18.5 42.2 6.1 39.0 26.2 43.1 16.3 29.0 6.0 44.5 46.3 36.8 37.1 39.1 25.6 60.6 91.0 35.7 35.5 56.9 23.9 49.8 11.1 54.0 5.6 32.1 14.8 57.2 42.6 39.6 18.5 69.1 27.5 50.7 8.9 67.1 5.2 71.5 11.0 74.2 35.6 24.4 45.9 41.7 30.0 106.5 125.8 121.1 153. 5 110.4 75.2 178.0 122.6 121.2 184 4 111.5 109,8 95.7 126.2 112.6 73.4 100.1 114.0 149.8 129.3 1 65.5 129.4 : 110.5 142.7 124.0 66.0 140.1 96.5 117.3 106.9 126.4 61.4 | 1 For complete table and discussion, see September, 1922 (No. 13), issuo of the Survey. INDEX OF MINERAL PRODUCTION.1 (Relative production 1909-1913=100.) !| 1922 Feb. 15.6 62.5 147.9 141.6 131.5 | 41.3 0.4 119.3 1.9 58.1 71.9 113.0 109.9 67.6 70.1 72.9 71.7 88.6 87.6 96.1 | 116.2 129.4 107.3 92.1 ... 4.3 i For complete table and discussion, see July, 1922 (No. 11), issue of the Survey. Petroleum. Bituminous coal. Anthracite coal.. Iron ore Copper Lead Zinc . . Gold Silver 6.3 0.2 35f?0 Mar. j Apr. Apr. 90.3 Grand total 1923 1923 Total Petroleum Bituminous coal Anthracite coal Copper Lead Zinc Gold Silver Total, excluding lead, gold, and silver 1 1923 Apr. ! Feb. i Mar. 1 Mar. 99.1 ' 120.8 i 67.8 ! 114.4 Apr. 134.7 129.4 225. 8 25S. 0 240.9 ij 207. S , 310.5 44.4 | ii8.7 ; 131. 8 141.3 115.3 123.6 0.4 : 76.7 93.9 ; 121.7 ! j 39.1 ! 65.2 i 80.5 • 107.3 127. 8 i 124.5 ; 119.0 125.2 130. 0 165. i ! 112.1 179.9 2 206. 5 1 108.0 95.2 41. 6 ! 46.6 42.9 | 45.5 j 46.3 121. 1 l 93.7 76.8 \ 82.9 | 82.0 103. 9 128.1 ! ! 68.2 | 120.2 J 321.6 119.8 112.0 123.8 157.3 198.1 41.9 131.1 142.5 ! 136.4 I ! For complete table and discussion, see May, 1S22 (No. 9), issue of the Survey. «Revised. 25 TREND OF BUSINESS MOVEMENTS. The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. 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 lateness 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: March, 1923.—This column gives the March figures corresponding to those for April 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. April, 1923.—In this column are given the figures covering the month of April, or, as in the case of stocks, etc., the situation on April 30 or May 1. In a few cases (usually where returns are reported quarterly only) the figures are for the quarter ending April 30 or the condition on that date. Where this column is left blank, no figures for April were available at the time of going to press (June 7). Corresponding month, March, 1922, or April, 1922.—Thefiguresin this column present the situation exactly a year previous to those in the "April, 1923," column (that is, generally April, 1922), but where no figures are available for April, 1923, the March, 1922, figures have been inserted in this column for comparison with the March, 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 four months of the calendar years 1922 and 1923, respectively, except where the April, 1923, figures are lacking, in which case the cumulative total for three 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 four months ending April, 1923, is greater (+) or less ( —) than the total for the corresponding period ending April, 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 for a 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 ( —) April from March.—The last column shows the per cent increase or decrease of the figure for the last month compared with the preceding month. NOTE.—All import figures are omitted from this table. February, March, and April imports are given on page 21. NUMERICAL 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 detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). March, April, 1928. I N D E X NUMBERS. DATA. Corresponding I month, j March I or April, | 1922. I CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 Per. centage in! crease 1923 j or deli crease 1922 1928 208,996 240,534 + 15.1 Mar. Apr. i| Jan. Feb. Apr. Mar. Apr. ijj from Mar. TEXTILES. Wool. Consumption by textile mills, grease equivalent thous. of lbs.. Receipts at Boston: Domestic thous. of lbs.. I Foreign thous. of lbs.. j Total thous. of lbs.. Machinery activity: Looms, wide per ct. of hours active.. Looms, narrow per ct. of hours active.. Looms, carpet and rug.. .per ct. of hours active.. Sets of cards per ct. of hours active.. Combs. .per ct. of hours active.. Spinning spindlesWoolen per ct. of hours active.. Worsted per ct. of hours active.. 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.. I Carpet looms per ct. of active to total.. 62,859 9,337 55,200 64,537 56,411 I 8,109 ji 45,497 j! 53,586 I 42,574 ] 9,655 24,539 34,194 47,786 78,486 126,272 30,159 - 3 6 . 9 180,628 +130.1 210,787 + 66.9 1921 137 | 96 |j 144 ! 1913 1913 1913 ;! I 50 I 44 j 69 81 72 ! 740 j 775 1,046 550 | 465 244 250 ! 344 213 I 182 ! | | j 131 142 i 92.9 85.7 89.5 83.7 58.4 53.4 1921 1921 87.1 103.9 117.2 82.5 127.3 119.8 74.8 86.2 72.7 1921 1921 1921 152 ; 146 ! 168 i 160 121 133 ! 133 124 82 < 116 ' 105 98.6 102.1 102.0 109.5 84.8 62.1 1921 1921 119 86 118 ; 127 76 I 116 83 62 60 64 70 1913 1913 1913 1913 1913 109 108 ; 110 101 : 84 ! 122 109 88 81 90 94 87 90 ; 94 j: 87 | 85 86 I - 10.3 60 - 13.2 862 - 17.6 286 - 17.0 130 131 - 3.7 -2.2 170 145 132 161 178 134 -5.3 + 22.8 132 137 142 117 125 134 3.6 7.2 113 117 117 0.0 123 ; 127 127 0.0 92 j 85 ! 126 ! 116 | 135 99 ; 84 ; 131 116 134 99 88 j 118 i; ii6; lie i 126 128 + 1.5 112 ! 116 118 + 118 118 ! 116 I- 1.7 128 i 126 I- 1.6 125 1.7 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 ^T ill be found at the end of this bulletin. For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). March, 1923. CUMULATIVE TOTAL THROUGH LATEST MONTU. Corresponding month, March or April, 1922. April, 1923. 1922 INDEX NUMBERS. Per;ccntage I increase 1928 I (+) ! orde- i crease cumulative 1923 ! from I 1922. BASE YEAR OR PERIOD. Percentage increase 1928 1922 (+ J or decrease (-) Apr. from Mar. Mar. Apr. Jan. Feb. Mar. Apr. TEXTILES—Continued, Wool—Continued. Prices: Raw wool to producer, all grades dolls, per l b . . 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.. 1913 1913 1913 1913 1913 150 177 161 145 184 149 173 167 145 184 211 236 219 169 221 211 236 225 176 227 + 5.1 0.0 0.0 0.0 0.0 2,377,800 + 21.2 1913 108 92 127 118 - 7.3 261,831 + 52.3 1,414,056 - 24.5 116 213 116 295 109 182 110 74 84 148 198 109 518 65 150 159 171,926 1,874,043 1913 1913 1913 1913 1913 i L 7.2 17.3 38.7 30.3 17.4 163,765 1913 1919 1919 131 141 84 139 129 76 105 164 46,894 169,270 + 3.4 48,936 + 50.7 61,264 + 30.6 366,323 1,424,190 273,626 1,025,131 1,721,522 + 20.9 1,595,827 + 55.7 1919 1919 104 72 96 61 105 125 104 1913 105 104 117 117 .373 .51 1.750 1.035 3. 510 .392 .51 1.750 1.035 3. 510 .248 .38 1.300 .815 2.835 623,105 577,396 443,509 2,035 2,378 2,335 53,219 318,210 1,889 1,966 i,432 37,068 262,753 1,461 3,213 3,399 15,115 48,885 44,741 12,509 16,181 51,615 8,624 11,147 Cotton. Consumption by textile mills bales.. Stocks, end of month: Mills thous. of bales.. Warehouses thous. of bales.. Visible supply thous. of bales.. Imports, unmanufactured bales.. Exports, unmanufactured bales.. Manufactured goods: Cotton cloth exports thous. of sq. yds.. Fabric consump. by tire mfrs. thous. of lbs.. Elastic webbing sales thous. of yds.. Fine cotton goods: Production piece Sales pieces.. Machinery activity, spindles: Active thousands Total activity mills, of hours.. Activity per spindle hours Prices: Raw cotton to producer dolls, per lb.. Raw cotton, New York dolls, per l b . . Cotton yarn dolls, per l b . . Printcloth dolls, per yd.. Sheeting dolls, per yd.. 13,5% 17,223 497,511 440,066 35,501 9,531 255 .284 .307 .502 .082 .128 423,201 215,503 35,516 8,787 236 31,390 6,636 180 .269 .290 .495 .079 .129 32,473 131,459 141,566 + 7.7 327 49 -8.5 - 8.0 -6.1 - 14.9 - 51.0 117 Production doz Orders received thous. of doz Shipments doz Cancellations doz Unfilled orders, end of month.. .thous. of doz.. bales. bales. dolls, per lb. 688,500 559 1913 1913 1913 1913 1913 133 143 143 173 157 133 216 142 | 215 141 !j 192 227 173 197 148 231 226 197 232 206 237 240 203 238 208 1.7 5.4 27.6 7.6 1920 11920 »1920 11920 U920 113 458 141 24 306 107 110 407 1,157 185 117 46 46 320 587 106 497 182 20 511 116 554 189 22 432 149 I 140 i I 195 203 188 77 87 43 38 166 179 225 ! 241 237 214 + 14.0 56 | l - 27.3 256 !+ 8.0 .159 j . . 1 8 1 I. .350 j . .060 |. .091 . 865,800 10,800 2,168 33,515 39,436 8.624 674,100 ; 367 I 654,300 11,700 2,162 0.0 7.8 7.5 117 224 226 200 229 210 }!;|j|II11+ !i 5.3 5.5 1.4 3.7 0.8 114 ; ! - 2.1 ! | K n i t Underwear. Silk. Consumption, raw Stocks, raw, end of month Prices, raw, Japanese, N. Y 1,962,304 648,000 2,580,300 411 2,460 535,500 2,511,900 22,500 59,400 2,624,400 25,950 3,207,600 54,900 + ,+ !+ - 1,607 - 34.4 143 I - 24.5 23 j + 8.3 430 0.3 364 38,193 28,657 9.310 24,247 19,268 6.517 106,847 142,619 + 33.5 8 1920 1920 1913 3,548 3,948 2,072 2,906 7,383 13,293 + 80.0 15,326 + 58.1 1913 1913 80 112 81 115 126 j 117 ; 138 153 j 138 I 160 139 |l+ 0.8 156 I - 2.4 533 220 514 1,643 247 792 379 1,484 921 1,785 1,212 1,932 +109.8 2,332 + 30.6 1,900 + 56.8 1914 1914 1914 1914 67 153 104 82 65 240 114 114 121 ! 115 133 279 152 209 127 130 | 159 141 j + 1914 1921 71 96 59 82 METALS. Iron a n d Steel. 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. 3,521 4,044 503 920 530 1,918 24C G5 2G5 i 67 i i Six months' average, July to December, inclusive. 445 154 95 116 I 147 36 37 | 32 40 38 | 35 3 Eleven months' average, February to December, inclusive. 6.0 67 ! i - 76.1 154 - 3.0 126 - 14.3 + + 8.1 3.1 27 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 ""'ill be found at the end of this bulletin For detailed tables covering other items, see the last quarterly issue of the SUBVEY ( N O . 21). MET ALS—Continued. Iron and Steel—Continued. Steel castings: Total bookings short tons.. Railroad specialties short tons.. Miscellaneous bookings short tons.. Exports (comparable) thous. of long tons.. Exports (total) 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.. 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.. Compositefinishedsteel.-dolls, per 100 lbs.. Structural steel beams, .dolls, per 100 lbs.. Finished Iron and Steel. Sheets, blue, black, and galvanized: Production short tons.. Per cent of capacity Shipments short tons.. Sales... short tons.. Unfilled orders short tons.. Unsold stocks short tons.. Total stocks short tons.. Steel barrels: Shipments barrels. Production per ct. of capacity. Unfilled orders barrels. Structural steel: Sales (prorated) short tons. Sales per ct. of capacity.. Iron and Steel Products. Locomotives: ShipmentsTotal number. Domestic number. Foreign number. Unfilled ordersTotal number.. Domestic..., number. Foreign number. Freight cars: Orders, domestic number. Snip construction: Vessels 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 1 March, 1923. 143,564 76,409 67,155 135 166 April, 1923. 39,610 51,358 141 179 7,403 83.20 7,289 32.27 Corresponding month, March or April, 1922. 75,665 46,560 29,105 185 201 I N D E X NUMBERS. Percentage increase CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 195,096 109,010 86,086 617 707 425,289 203,743 221,546 490 604 (+) or decrease (-) cumulative BASE YE\R OR PERIOD. 1923 from 1922. +118.0 + 86.9 +157.4 - 20.6 - 14.6 1922 1923 (+) or decrease Mar. Apr. Jan. 1920 72 114 152 136 217 138 1920 90 176 181 150 288 1920 61 74 133 127 170 149 130 - 1913 78 81 46 48 59 1922 124 119 74 80 1913 76 117 123 125 1921 193 234 287 327 402 32.77 22.71 1913 131 142 180 183 202 30.13 44.38 45.04 30.36 2.83 2.70 2.20 31.00 45.00 47.01 31.44 2.99 2.81 2.60 20.00 29.50 34.42 20.77 2.16 2.08 1.50 279,475 92.7 287,203 325,526 619,823 29,084 136,347 254,808 90.9 253,563 183,904 577,969 24,470 140,044 184,979 75.2 177,855 264,629 395,620 34,166 101,863 559,792 254,573 48.1 627,143 245,125 50.1 556,801 200,214 36.1 350,445 559,736 240,000 200,000 80 220,000 623,100 269 13 217 201 16 21 13 8 2,316 2,214 102 42,500 2,204 2,111 93 9,800 617 515 31,500 270 241 212 25 39 34 132 100 - 24.2 1919 «120 » 68,955 1,709 167 125 561 + 41.3 304,183 + 50.9 5,899 + 44.0 50 53 62 55 51 62,027 1,058 397 201,563 4,097 1919 85,339 1,520 1919 132 118 158 126 131 1919 120 117 150 144 188 517,391 712,965 1,006,911 + 94.6 1,015,116 + 42.4 178 99 79 827,500 + 34.0 935 +425.3 883 +791.9 52 - 34.2 - 36.6 48.2 23.5 62 4.4 106 + 7.4 123 - 1.5 205 + 1.5 + + 1913 122 136 175 179 205 211 1913 109 114 145 154 172 175 1913 125 131 156 162 171 179 1913 125 135 177 181 197 204 1913 122 126 151 158 165 174 1913 122 125 149 157 163 169 1913 96 132 139 146 172 1920 97 108 152 139 163 149 1920 94 103 127 122 128 125 1920 87 103 144 127 167 147 1920 193 188 179 180 231 131 2.9 1.4 4.4 3.9 5.7 4.1 + 18.2 8.8 1.9 - 11.7 - 43.5 - 6.8 - 15.9 + 2.7 1920 46 57 74 79 90 84 1920 817 611 577 521 520 438 91 117 132 122 125 219 - 3.7 288 + 4.3 237 - 11.2. 1920 899,711 + 60.7 (-) Apr. from Mar. Feb. Mar. Apr. 5,097 48.40 1,032,722 + 84.5 Percentage increase 1921 150 179 184 173 227 1921 159 207 182 236 276 U921 120 149 221 257 267 1913 202 230 207 209 249 1913 154 176 150 159 190 209 159 - 15.8 16.3 - 23.0 183 - 25.3 18 + 23.1 1913 13 75 68 92 1920 32 197 178 245 1920 4 13 12 15 1920 25 135 168 175 | 1920 29 190 239 248 ! 102 69,000 73,490 + 6.5 1920 17 21 18 24 1913 114 128 74 405 1920 17 18 26 24 23 10 4 646 75,371 3,635 476 44,123 2,858 Six months average, July to December, inclusive. «Revised. 167 236 22 93 -4.8 -4.7 -8.2 - 76.9 21 - 10.7 + 56.0 71 + 39.2 162 + 23.8 167 - 11.1 28 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. INDEX NUMBERS. Percentage increase centage iin« icrease NOTE.—Items marked vith an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasonsdetailed tables covering back figures for these items ^ ill be found at the end of this bulletin. For detailed tables covering other item^, see the last quarterly issue of the SURVEY (NO. 21). April, 1023 Corresponding month, March or April, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 I (+) I1 or decrease cumulative 1923 from 1922. BASE YEAR OR PERIOD. 1922 1923 Mar. Apr. (+ J or deerease (-) Jan. Feb. Mar. Apr. Apr. from Mar. M E T ALS—Con tinued. Copper. Production Exports Wholesale price, electrolytic thous. of lbs.. '1^,202 64,394 thous. of lbs.. .169 dolls, per l b . . Zinc. Production Stocks, end of month Receipts, St. Louis Shipments, St. Louis Price, Blab, prime western thous. of lbs.. thous. of lbs.. thous. of lbs.. thous. of lbs.. dolls, per l b . . Stocks, end of month Wholesale price, pig tin Lead. Receipts, St. Louis Shipments, St. Louis 118,424 64,353 .169 77,026 70,145 .126 202,695 256,090 455,608 +124.9 254,115 - 1 . 1 1913 1913 1913 61 115 81 97,462 20,042 35,366 22,506 .082 93,732 17,952 28,851 17,498 .077 51,012 103,456 15,854 13,132 .052 196,514 368,714 + 87.6 1913 1913 1913 1913 1913 92 148 73 long torn.. dolls, per l b . . 4,067 .489 3,577 .463 2,731 .305 1913 1913 167 65 thous. of lbs.. thous. of lbs.. 14,828 7,939 .085 16,470 6,814 .083 15,434 6,108 .051 66,770 28,734 1913 1913 1913 84 107 46,807 8,900 1,749 3,256 42,564 8,063 1,776 3,206 15,780 26 528 2,227 144,524 21,803 2,305 8,062 1913 1913 1913 1913 126 115 26 202 4,727 •148 4,479 327 3,597 2,775 14,689 18,285 + 24.5 1909-13 1921 118 125 1,220 400 98 1,385 422 202 715 109 3,360 903 115 4,503 + 34.0 1,508 + 67.0 449 +290.4 1909-13 1909-13 1909-13 108 102 34 4.89 a 17 10.63 7.31 4.89 2.79 10.62 6.31 3.60 2.24 10.66 4.48 1913 1913 1913 1913 164 172 200 133 9.96 8.84 8.77 1913 182 14.13 13.68 13.14 1913 189 66,153 | 97,820 ; 87,119 + 31.7 67,731 + 30.8 75 100 110 107 93 120 91 108 116 - 3.1 91 - 0 . 1 108 0.0 160 41 43 48 125 162 - 3.8 147 169 22 - 10.4 27 25 40 j 128 104 - 18.4 50 I 79 62 - 22.3 133 - 6.1 130 141 148 68 182 Ill 94 220 109 194 - 12.0 103 - 5 . 3 282 70. 116 255 78 178 215 62 185 271 91 193 301 + 11.1 78 - 14.2 188 - 2 . 4 40 106 102 19 210 126 114 53 293 265 117 117 62 307 107 106 63 303 111 104 147 4 133 4 146 6 138 - 5.9 7 + 20.2 124 107 73 115 97 111 138 134 126 + 13.5 147 + 5.5 277 +106.1 164 182 201 183 256 354 200 338 222 292 200 292 222 258 200 300 0.0 222 227 — 12.0 200 - 0 . 1 259 - 13.7 182 228 224 207 184 - 11.2 207 214 203 196 - 127 57 46 90 Tin. Wholesale price, pig, desilverized, dolls, per l b . . F U E L AND P O W E R . Coal a n d Coke. Production: Bituminous coal thous. of short tons.. Anthracite coal thous. of short tons.. Beehive coke thous. of short tons.. By-product coke thous. of short tons.. Public-utility electric power mills, of kw. hours.. Storage, anthracite thous. of long tons.. Exports: Bituminous r.; thous. of long.tons.. Anthracite thous. of long tons.. Coke.. thous. of long tons.. Wholesale prices: Bituminous— Kanawha, f. o. b . Cincinnati dolls, per short t o n . . Mine average dolls, per short tons.. Anthracite, chestnut.. .dolls, per long ton.. Coke, Connellsville dolls per short ton.. Retail prices: Bituminous, Chicago.. .dolls, per short ton.. Anthracite, chestnut, New York dolls, per short ton.. 57,028 — 14.6 26,977 181,654 33,449 6,485 12,372 + 25.7 + 5a 4 +181.3 + 53.5 - 9.1 -9.4 + 1.5 -1.5 3.2 Petroleum. Crude petroleum: Production thous. of bbls. 56,123 175,224 44,635 216 58,133 225 214,145 + 22.2 1913 249 271 234 281 + 3.6 Stocks, end of month thous. of bbls. «258,738 « 264,627 235,902 225 211 1913 241 247 243 252 + 2.3 Stocks, end of month days' supply. 139 173 149 143 126 1913 121 120 123 + 2.9 124 Consumption thous. of bbls. •57,591 172,607 40,997 55,707 188 216 220,918 + 28.0 1913 226 228 264 255 - 3.3 5,840 Impofts.... thous. of bbls. 11,059 50,837 4,915 786 22,840 - 65.1 944 1913 517 294 394 335 - 15.0 Shipments from Mexico thous. of bbls. •13,222 18,663 71,153 864 800 1913 554 612 471 L850 Price, Kansas-Oklahoma.. .dolls, per bbl. 2.250 L825 241 341 1913 145 198 185 195 - 1.4 Oil wells completed number. 1,248 1,442 1,025 '91 5,059 83 1913 76 78 102 + 30.2 5,175 + 2.3 Gasoline: Production thous. of gals. 630,701 472,278 1,315,124 1,823,176 + 88.6 143 1919 143 191 189 172 Exports thous. of gals. 68,506 65,650 58,007 198,847 214 - 4.2 1919 172 189 259,034 191 218 223 Domestic consumption thous. of gals. 440,000 380,407 926,050 1,256,692 + 35.7 154 1919 133 155 135 130 Stocks, end of month thous. of gals. 1,259,209 854,232 212 1919 181 189 239 267 « Revised. - 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. 29 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked v-ith an asterisk (*) have not been published previously in the j SURVEY or are repeated for special reasons; detailed tables covering back figures for these items "ill be found at the end of this bulletin. ; March, For detailed tables covering other items, see ! 1923. the last quarterly issue of the SURVEY (XO. 21). I CUMULATIVE TOTAL THROUGH LATEST MONTH. j Corresponding month, March or April, I 1922. April, 1923. INDEX NUMBERS. Percentage increase j Pcr' centI age ! in192-2 1923 crease i (+ ) | or deicrease ! (-) Mar. Apr. Jan. \ Feb. Mar. Apr. Apr. from Mar. or deI crease cumulative 192.3 from 1922. 1922 1923 518,922 583,523 + 12.4 YEAR OR PERIOD. FUEL AND POWER—Continued. Petroleum—Continued. Kerosene oil: Production Stocks Gas and fuel oil: Production Stocks Lubricating oil: Production Stocks.. thous. of gals. J thous. of gals. J 190, 701 283,340 178,785 * 321,428 1919 1919 92 107 97 108 109 92 92 91 98 94 I thous. of gals..; 970,891 thous. of gals.. j 1,254,122 thous. of gals.. thous. of gals.. 849,106 ; 2,468,302 2,862,830 16.0 1,250,278 90,745 235,263 216,828 73,391 255,321 + 17.8 236,886 ' 134 125 1919 162 107 ;, 156 104 142 106 153 103 1919 104 147 103 147 123 149 110 148 129 146 1919 1919 ! PAPER AND PRINTING. Wood Pulp. Mechanical: Production Consumption and shipment.. Stocks, end of month Chemical: Production Consumption and shipment.. Stocks, end of month short tons.. .short tons.. short tons.. j short tons. .J .short tons. J short tons.. 124,175 154,768 | 120,386 j 124,915 j 60,163 89,180 j 127,286 ; 189,602 175,291 | 187,298 I 171,601 51,670 55,264 129,294 132,292 1,989 116,719 : 247,944 20,180 7,688 165,708 54,368 190,547 242,331 ; 3.770 3.748 3.840 118,023 1,475 18,876 j 8,314 ' 165,455 49,086 ; 195,510 | 3.S27 3.791 3.852 499,121 ; 462,489 ! 512,756 j| + 2.7 1919 119 122 108 487,493 !j + 5.4 1919 10S 105 108 1919 90 104 43 + 16.4 1919 106 715,427 + 16.0 1919 104 90 113 1919 106 99 94 159,712 : i Newsprint Paper. Production short tons.. Shipments short tons.. Exports .short tons.. Stocks, end of month: Total short tons.. At mills short tons.. Jobbers short tons.. Publishers short tons.. In transit to publishers short tons.. Consumption short tons.. Prices: Contract, domestic dolls, par 100 lbs.. Contract, Canadian dolls, per 100 lbs.. Spot market, domestic, .dolls, per 100 lbs. .j 147,608 i 149,859 153,542 53,184 111,861 115,167 3,345 212,427 24,874 5,668 151,643 30,242 176,801 G23,lfi8 , 616,827 | 725,353 432,962 488, 076 + 12.7 1919 103 432,022 488, 386 + 13.0 1919 102 9,509 5,722 - 39.8 1913 726,757 | + 11.4 3.570 3.497 3.548 111 100 108 93 30 83 101 102 88 100 104 89 101 j 103 + 1.5 103 I 104 |+ 1.1 90 90 + 0.3 102 121 92 118 128 123 117 ; 120 | 123 - 2.8 120 | 99 117 + 17.1 118 132 101 128 129 100 122 I 110 ! 93 111 118 ; 104 90 1919 08 i 05 1919 108 07 , 119 98 1919 1919 1919 100 ; 113 ! 102 11- 9.. 100 ! 115 | 103 ;|- 10.8 33 55 I 41 ||- 25.8 108; 100 79 84 j 89 ! 96 107 I 107 133 i 121 134 ! 138 100 1919 1919 109 118 109 - 7.5 110 \ 117 j 107 ||- 8.4 95 ! 96 103 !+ 7.0 113 97 89 90 111 111 124 i 134 124 i 110 1919 1919 652,570 j 78 ! 114 86 ; 103 128 |+ 24.6 92 ! 100 ; 104 j+ 3.8 38 39 58 |+ 48.2 97 95 ! 84 ! 74 i 124 90 90 - 2.3 - 0.5 + 8.1 - 10.2 -8.6 !+ 2.6 Other Paper. Book: Production short Stocks short Paperboard: Production short Stocks short Wrapping: Production short Stocks short Pine: Production short Stocks short Total, all grades (including newsprint): Production short Stocks short Exports (total printing) short tons.. tons.. 96,087 31,480 tons.. tons.. (t) (t) tons.. tons.. 86,776 43,213 78,559 j 43,403 | I 61,562 tons. tons.. 35,144 36,978 32,507 j 27,420 tons. tons. tons. (t) (t) 3,181 93,390 ! 70,507 36,871 j 37,367 | 179,744 I 52,300 | 291,270 \ 37(5,000 + 29.1 1919 1919 164,327 j 656,537 ! 69,756 259,529 587,24S 1919 1919 325,851 + 25.6 68,401 110,834 35,806 37,889 | I 605,490 | 528,461 2,130,333 284,862 230,181 4,512 13,111 2,535 134,974 + 21.8 1919 ! 119 ! 125 \\ 1919 I 102 95 1919 1,884,407 - 115 1919 1919 10,156 - 22.5 121 ; 100 I! 143 1919 1919 115 121 23 88 135 89 Ill I 96 150 136 - 9.5 79 ! 79 + 0.4 90 11 122 I 113 ! 123 I 113 - 7.5 97 || 105 i 108 i 100 \ 103+ 2.5 129 119 102 119 106 ; 110 29 I 13 ' 15 20 117 96 10 - 20.3 144 137 151 183 i 184 | 215 150 + 3.1 175 - 18.5 Paper Boxes. Corrugated board: Production (Container Club) thous. of sq. ft. Production (Nat'l Ass'n)..thous. of sq. ft. Machinery activity per cent of normal. 161,661 166,271 83 166,644 116,198 389,556 135,539 34,916 132,203 627,713 '+ 61.1 585,325 1+342.7 1922 109 45 60 t March figures not available because of incomplete returns from manufacturers. i 1919 1 Six months' average, July to December, inclusive. 30 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 speciarreasons; detailed tables covering back figures for these items v ill be found at the end of this bulletin. For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). CorrespondMarcn, innq PAPER AND PRINTING—Continued. Paper Boxes—Continued. Solid fiber board: Production (Container Club) thous. of sq. ft.. Production (Nat'l Ass'n). .thous. of sq. ft.. Machinery activity .per cent of normal.. Folding boxes: Production per cent of capacity.. New orders per cent of capacity 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.. A nril April, 1091 ing month, March or April, 1922. INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL (+) ; THROUGH | or de- | LATEST MONTH. 1 crease BASE YEAR 1923 1922 (+) OR (-) ! cumu- i PERIOD. lative 1923 from 1922. ; 1923 1922 or decrease (-) Apr. Jan. Feb. Mar. Apr. from Mar. Mar. Apr. j | I Percentage increase I. 1 j i 56,979 25,698 56,287 27, lid 55,625 14,659 78 78 76 67.9 74.0 66.1 70.0 69.5 64.2 106.9 94.6 85.0 210,911 52,953 231,537 + 9.8 ; 118,632 +124.0 72,930 7,745 264,111 26,233 109 129 103 1922 76 67 135 164 112 117 123 Ill + + 2.4 5.5 - 2.7 5.2 1921 146 151 145 121 148 144 148 134 121 146 154 146 1921 207 192 223 208 224 198 1922 114 96 91 105 130 122 1919 110 107 136 129 154 172 1919 82 84 98 113 126 Sept.,'20 91 88 97 94 97 1921 1913 149 20 135 21 191 34 191 38 232 13,750 + 49.7 1921 146 132 172 177 213 195 .j_ 75, i 1921 140 132 236 213 226 202 — 11.2 + 61.4 ' 1921 134 117 175 179 216 189 - 12.6 274 + 60.2 I 1921 11,882 + 62.3 1921 14,114 4- 76.2 i 1921 110 119 138 144 175 165 — 5.2 109 110 157 136 174 156 — 10.4 91 102 164 131 167 Io4 - 5 117,413 9,631 116 1921 I 104,902 11,593 1919 402,934 + 52.6 40,532 + 54.5 - 11.6 - 6.2 + 11.9 105 - 16.9 Printing. Activity, weighted index number.. 99 + 2.1 RUBBER. Crude: Consumption by tire mfrs.. .thous. of lbs.. Wholesale price, Para, N. Y . .dolls, per l b . . Tires: Production— Pneumatic thousands.. Solid thousands.. Inner tubes thousands.. Domestic shipments— Solid . . . . thousands.. Pneumatic thousands.. Inner tubes thousands.. Stocks, end of m o n t h Pneumatic . . . thousands.. Solid . thousands.. Inner tubes thousands.. 41,594 .290 38,348 .274 24,125 3,866 3,539 2,401 9,186 80 71 47 176 310 4,875 4,260 2,651 10,608 17,126 80,544 148.363 + 63.9 .171 36 214 34 - 7.8 5.5 - 8 . 5 77 73 52 171 3,323 3,828 2,976 3,536 2,087 2,329 7,320 8,012 5,671 6,088 5 464 130 111 124 135 144 261 174 1921 1921 123 266 79 75 114 117 115 113 7,741 8,394 7,230 1921 153 158 128 148 169 + 7.4 — 1.9 184 + 8.4 344,474 37,514 197,216 22,342 541,039 64,714 1919 1,141,254 + 110.9 113,299 + 75.1 I 1919 111 143 162 184 231 249 75 85 73 83 131 142 + + 8.2 8.4 44,400 58,100 4,443 31,334 22,381 2,9C0 94,080 56,950 3,843 159,549 + 69.6 190,047 +233. 7 7,953 + 106.9 1920 133 150 1 168 171 209 212 + 1-4 1920 43 57 77 109 149 148 — 0.4 1920 12 63 15 19 40 95 +133.8 5,621 4,377 13,395 27,310 + 103.9 1920 55 63 111 84 116 81 - 30.3 713 731 2,072 2,947 + 42.2 1920 39 58 63 56 57 56 - 3,394 2,231 9,041 + 49.2 1 1920 63 52 76 82 79 80 + 0.5 7.6 AUTOMOBILES. Production: Passenger cars . number.. 318,424 Trucks number.. I 34,593 Shipments: 43,774 By railroad carloads.. 58,320 Driveways number of machines By boat .number of machines.. j 1,900 Internal-revenue taxes collected on: Passenger automobiles and motor cycles thous. of dolls.. 8,070 Automobile trucks and 725 wagons thous. of dolls.. Automobile accessories and parts thous. of dolls.. 3,378 * Twelve months' average, July, 1921, to June, 1922. 13,491 1.7 31 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 backfiguresfor these items will be found at the end of this bulletin. For detailed tables covering other items, see the last quarterly issue of the SUEVEY (NO. 1/T V. -flicircxi, 1Q9Q A rvril April, 1QOQ Corresponding month, March or April, 1922. 21). CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 INDEX NUMBERS. Percentage; 1923 (+) BASE YEAR or de- crease (-) cumulative 1923 from OR PERIOD. 1922. 1922 age in- 1923 crease (+) or decrease (-) Mar. Apr. Jan. Feb. Mar. Apr. Apr. from Mar. | 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.. Percent- increase i i 55.6 51.9 54.2 52.4 55.7 54.8 1919 67 79 80 82 79 •1921 •1921 6 1921 117 128 111 107 120 115 134 142 146 188 154 155 151 143 152 143 — 5.3 154 — 7.6 154 — 1.3 1913 1919 259 42 257 334 44 76 351 93 439 ! 454 97 ! | 1913 1913 1913 169 173 165 168 172 165 195 199 197 198 201 205 209 209 214 206 — 1.4 209 — 0 . 0 217 + 1.4 1914 152 157 197 197 204 204 1913 202 150 126 105 195 160 — 17.9 + 6.3 ! 1919 + 57.2 1919 + 30.2 1919 113 40 157 380 235 145 64 35 122 112 130 116 76 40 112 208 188 64 107 60 195 214 318 159 103 47. 194 305 183 153 - + 5.7 39.2 43.4 41.1 92 + 3.4 + 5.4 BUILDING AND CONSTRUCTION. Building Costs. Building materials: Frame house . ...indexnumber.. Brick house index number.. Building costs index number.. Concrete factory costs 1st of following month index number.. Construction and Losses. Building volume index number.. Contracts awarded, floor space: 9,886 Business buildings thous. of sq. ft.. 7,673 Industrial buildings thous. of sq. ft.. Residential buildings thous. of sq. ft.. 39,286 4,092 Educational buildings... .thous. of sq. ft.. 1,172 Hospitals and institutions.thous. of sq. ft.. 274 Public buildings thous. of sq. ft.. Social and recreational 1,643 buildings thous. of sq. ft.. Religious and memorial 892 buildings thous. of sq. ft.. Grand total thous. of sq. ft.. 64,920 Contracts awarded, value: Business buildings thous. of dolls.. 44,076 Industrial buildings .thous. of dolls.. 37,034 Residential buildings thous. of dolls.. 164,267 Educational buildings thous. of dolls.. 22,550 Hospitals and institutions .thous. of dolls.. 5,869 Public buildings thous. Public works and utilities, .thous. Social and recreational buildings thous. Religious and memorial buildings. thous. Grand total thous. Fire losses thous. 9,561 672 264 865 30,447 14,745 96,587 16,674 3,391 219 890 1,736 1,432 1,270 64,527 5,997 39,174 5,849 10,419 5,130 31,666 7,277 32,361 23,176 125,714 16,086 3,016 0 o -3.5 - 11.1 848 4.7 1919 1919 1919 97 33 151 265 218 219 4,495 5,547 + 23. 4 !: 1919 108 113 64 107 130 137 1,092 58,146 2,971 170,425 3,190 + 7.4 i 210,005 + 23.2 1919 1919 179 111 246 125 89 83 143 89 201 139 286 + 42.4 138 - 0 . 6 58,711 24,312 132,478 36,719 6,584 1,380 75,251 171,405 79,010 405,485 87,471 24,914 4,929 167,176 151,372 111,409 540,513 94,386 18,688 5,268 159,626 11.7 I 1919 158 140 87 139 62 92 64 143 222 1919 1919 1919 57 187 369 202 123 180 92 51 152 71 72 130 87 232 226 180 133 102 134 58 231 360 154 128 146 + 2.8 1919 1919 147 57 172 257 160 170 124 174 + 41.0 I + 33.3 | | + 7.9 j 1919 118 134 81 125 133 167 + 25. 1919 1919 1919 156 137 178 265 164 138 86 101 163 107 107 191 197 155 184 286 •4- 109 84 94 82 114 81 101 - 220 221 230 232 + 1.1 122 156 212 116 148 182 236 155 + 176 236 4.7 149 212 99 150 117 185 160 216 185 - 235 208 233 151 - of dolls of dolls.. 1,486 42,586 45,322 24,913 163,476 35,822 5,015 1,431 60,926 of dolls.. 9,272 11,609 9,317 27,842 of dolls of dolls.. of dolls.. 6,170 333,518 41,160 8,931 357,475 32,638 8,288 353,162 31,010 21,417 990,592 138,888 - -25.0 '<+ 6.9 - 4.5 35,196 + 26.4 | 21,142 — 1.3 i 1,138,264 + 14.9 153,184 + 10.3 1919 + 42.9 - 42.7 - 3 . 6 - 32. 7 - 0.5 + 58.9 -116 — 3.7 + 43.1 166 !+ 146 3.3 21.8 0.3 AA. 7 7.2 -20.7 Lumber. Southern pine: 94 101 Production (computed) M ft. b. m.. 480,966 428,471 397,553 1,595,402 1,772,121 + 11.1 1917 85 Stocks, end of mo. (computed) .M ft. b. m.. 1,107,612 1,056,358 1,159,422 88 ! 1917 Price, " B " and better dolls, per M ft. b. m 53.53 52.95 41.35 1917 178 180 Douglas fir: 121 115 Production (computed) M ft. b. m.. 515,698 539,871 422,157 1,578,499 1,883,372 + 19.3 1917 114 136 Shipments (computed). M ft. b. m.. 589,561 568,074 439,169 1,484,488 2,141,625 + 44.3 j 1917 124 125 21.500 11.500 Price, No. 1 common.dolls, per M ft. b. m.. 21.500 1913 California redwood: 47,855 130 1918 Production (computed) M ft. b. m.. 59,844 47,099 166,017 126 188,599 + 13.6 52,744 35,888 156 1918 151,988 210,079 + 38.2 126 Shipments (computed) M ft. b. m.. »61,796 43,347 42,479 169,846 1918 169 148 Orders received (computed).. .M ft. b. m.. 66,878 237,305 + 39.7 • Twelve months' average, May, 1921, to April, 1922. •Revised. 10.9 77 — 4.6 128 - 3.6 no 20.0 14.6 35.2 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 detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). BUILDING AND CONSTBTJCTIONContinued. Lumber—Continued. California white pine: Production . . .M ft. b. m.. Shipments M ft. b. m.. Stocks Mft. b . m . . Michigan softwood: Production M ft. b. m.. Shipments Mft. b. m.. Stocks, end of month M ft. b. m.. Michigan hardwood: Production M ft .b. m . . Shipments M ft. b. m . . Stocks, end of month M ft. b. m . . Western pine: Production (computed) M ft. b. m . . Shipments (computed) M ft. b. m . . Stocks, end of mo. (computed) .M ft. b. m . . North Carolina pine: Production (computed) M ft. b. m . . Shipments (computed) M ft. b. m . . Northern pine: LumberProduction M ft. b. m. Shipments M ft. b. m. LathProduction M ft. b. m . . Ship ments M ft. b. m . . Northern hemlock: Production M ft. b. m.. Shipments M ft. b. m.. Northern hardwood: Production M ft. b. m.. Shipments M ft. b. m . . Exports: Planks, scantling, joists M ft. b. m.. Composite lumber prices (1st of following month): Hardwoods dolls, per M ft. b. m.. Softwoods dolls, per M ft. b. m.. Flooring. Oak flooring: Production M ft. b. xn.. Shipments Mlt.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. 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. March, 1928. April, 1928. Corresponding month, March or April, 1922. 39,463 I 91,929 56,156 | 54,444 333,169 | 328,640 19,149 32,730 287,452 CUMULATIVE TOTAL THROUGH LATEST MONTH. or decrease (-) cumulative 1923 from 1922. 1922 1923 • 56,084 182,188 +224.8 207,984 + 87.0 111,237 5,981 7,128 53,490 5,505 10,949 42,980 8,157 49,716 14,365 16,961 102,477 13,047 15,538 100,329 13,402 10,790 127,966 52,563 39,491 175,881 I 108,186 •124,188 »144,948 • 132,521 ' 132,001 '737,489 « 781,229 805,870 251,873 420,698 20,796 26,063 INDEX NUMBERS. Percentage increase 24,285 + 16.8 30,453 + 16.8 61,093 + 16.2 63,299 + 60.3 423,310 + 68.1 522,737 + 24.3 BASE YEAR OR PERIOD. 1922 Percentage increase 1923 (+) or decrease Mar. Apr. Jan. Feb. Mar. Apr. 1918 14 1918 95 103 166 1918 118 108 163 1917 24 51 42 1917 34 46 37 1917 48 47 44 1917 41 48 65 1917 29 34 55 1917 55 57 48 53 1917 61 99 59 1917 106 120 117 91 94 1920 Apr. from Mar. 43 139 139 75 176 126 32 33 46 35 40 50 32 8.0 62 53.6 40 19.6 56 43 47 52 54 46 47 9.2 49 8.4 45 2.1 54 106 87 113 131 84 161 41.6 120 8.6 175 +132.9 171 - 3.0 124 — 1.4 5.9 61,460 68,110 52,500 54,040 54,180 50,330 199,850 173,740 L 9 196,000 214,200 + 23.3 1919 153 158 120 156 156 134 120 152 180 212 14.6 1919 38,714 52,720 49,748 43,039 52,096 48,416 128,021 136,720 156,900 + 23.3 1920 1920 97 99 84 86 96 105 + 28.5 188,370 + 37.8 10,607 17,241 11,896 14,342 13,430 8,748 33,660 28,434 41,199 4- 22.4 51,007 + 79.4 1920 94 140 94 143 138 135 101 171 111 271 + 12.2 1920 28,334 28,432 24,636 24,117 24,793 21,913 79,084 68,762 101,904 + 28.9 1913 71 1913 59 59 52 75 78 - 13.1 93,193 + 35.5 49,070 40,512 45,700 40,366 29,404 27,228 123,161 103,803 180,711 + 46.7 1913 137 104 148 147,472 4-42.1 1913 125 107 149 155 314 160 128,773 141,636 132,807 567,324 533,719 - 90 74 73 74 72 50.19 36.96 49.8* I 36.62 i 5.9 37.82 28.87 1909-13 - 16.8 - 15.2 173 ~ 6.9 0.4 79 4- 10.0 90.6 90.5 1115.4 116.2 120.2 19.3 - 0.7 1920 55.6 58.2 73.8 ~ 0.9 30,706 32,068 25,298 23,749 57,356 19,892 22,227 29,961 26,615 33,501 76,803 76,342 83,099 12,344 15,329 18,321 23,161 42,434 11,401 15,181 10,924 19,060 36,722 9,478 10,429 13,902 33,467 18,426 39,008 37,520 41,381 66,456 70,624 159,180 99,330 118,284 64,647 65,276 167,685 66,613 120,564 41,446 38,458 150,292 46,851 3©, 402 148,876 138,496 351,982 60.3 346,691 4- 78.1 1919 1919 1919 166,112 2*7,990 1919 49,007 4- 25.6 55,133 4- 46.9 69,759 4- 68.6 - 18.4 1921 32,236 34,964 39,641 25,297 65,823 114,836 4- 49.5 117,025 53.3 128,534 4- 54.7 20.7 70.8 72.8 74.5 412 36ft 417 548 281 785 483 582 640 281 908 1913 305 1913 378 370 402 1913 385 491 494 1&3 312 296 283 1913 344 462 695 1919 1919 1919 1919 1919 92 94 139 90 88 112 87 98 173 221 217 162 39 48 94 113 96 113 165 105 m 82 128 HI 76 114 108 118 105 118 89 136 460 • 4.7 *34 • 8.3 414 36.2 264 • 6.1 791 12.9 123 129 129 150 111 114 - 7.6 128 • ' 1.0 77 - 40.4 123 - 17.7 96 - 13.5 1S1 139 116 f9* 190 127 - 2.7 12* 7.6 Brick. Clay fire brick (computed): Production Shipments Stocks, end of month New orders. Unfilled orders «Revised. thousands. thousands. thousands. thousands. thousands. •0.9 WL9 76 107 94 34 43 tst * ~ 114 - . 0.9 130 - 32.9 12f + 1.9 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 v ill be found at the end of this bulletin. For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). March, 1923. BUILDING AND CONSTRUCTION— Continued. Brick—Continued. Silica brick (computed): Production thousands.. Shipments thousands.. Stocks, end of month thousands.. Face brick (32identical plants): Production thousands.. Stocks, in sheds and kilns thousands.. Unfilled orders thousands.. Shipments thousands.. | Prices: I Common red, New York.dolls, per thous.. J Common salmon, Chicago .dolls, per thous.. j Cement. I Production thous. of bbls..j Shipments thous. of bbls.. j Stocks, end of month thous. of bbls.. j Price, Portland .dolls, per bbl..j Concrete paving contracts: f Total thous. of sq. yds..! Roads...* thous. of sq. yds..j S a n i t a r y Ware. I Baths, enamel: j Orders shipped number.. Stocks number.. Orders received number.. Lavatories, enamel: Orders shipped number.. Stocks number.. Orders received number.. Sinks, enamel: Orders shipped number.. Stocks number.. Orders received number.. Miscellaneous, enameled: Orders shipped number.. Stocks number.. Orders received number.. j April, 1923. Correspond- i ing month, March i !1 or April, ! 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 13,981 | 14,363 j 42,242 | 9,830 10,485 36,316 32,194 33,831 23,004 i 23,515 i 73,756 I 65,447 \ 62,139 ! 67,371 | 26,423 j; 22,384 22,587 67,511 32,512 23,851 64,276 16,793 I 17,804 ! 44,481 | 57,061 20.00 8.79 16.75 8.52 9,880 | 11,322 10,326 | 12,917 13,045 j 11,450 1.75 1. 75 ; 9,243 8,592 14,470 1.50 24,497 21,8lO 11,371 9,112 26,936 22,137 20.00 i 8.65 ! 5,684 I 3,737 ! 7,370 | 4,550 ;| 1923 59,626 + 85.2 60,866 + 79.9 82,680 | + 28.6 81,554 + 42.< ! 36,991 ,+ 51.0 34,625 + 58.8 22,282 ;- 17.3 15,152 !- 31.6 344,369 104,876 j 91,704 50,127 | 50,429 148,121 ! 136,587 101,482 | 326,222 104,543 | 138,757 383,186 371,165 + 13.8 114,677 | 97,834 61,391 I 50,628 149,144 | 132,830 98,905 135,071 140,620 428,135 + 27.0 H I D E S AND L E A T H E R . j Hides. Stocks, end of month: Total hides and skins thous. of lbs.. 397,982 Cattle hides thous. of lbs.. 328,588 48,120 Calf and kip skins thous. of lbs.. 21,274 Sheep and lamb skins.. .thous. of lbs.. Prices: Green salted, packer's heavy native steers dolls, per l b . . .193 Calfskins, country No. 1 dolls, per l b . . .165 : 51,618 | 49,402 53,594 85,528 61,827 63,910 373,023 300,392 49,444 23,187 .188 .166 346,277 269,828 46,858 29,591 .134 j. .131 |. BASE YEAR OR PERIOD. 1923 from 1922. 78,130 I 244,373 60,260 | 107,566 j 278,935 ; 56,359 54,332 67,642 + 40,9 480,203 + 72.2 611,434 + 59.6 1923 1922 (+) Mar. Apr. 1919 70 1919 75 1919 87 1919 126 144 1919 216 199 102 102 111 103 103 109 119 127 107 99 - 16.7 103 - 19.3 101 - 5.0 129 191 149 137 ! 102 ; 147 217 208 226 186 160 98 150 + 2.2 192 - 11.3 245 8.4 189 + 18.0 1919 100 118 126 171 1913 248 1913 173 255 || 305 I 305 305 173 |! 178 177 175 305 178 1913 87 1913 95 100 105 81 73 102 120 158 173 129 140 116 173 148 + 14.6 175 + 25.1 102 12.3 173 0.0 1913 123 1913 148 1919 216 255 1919 232 265 62 141 138 128 109 165 29.7 132 + 21.8 226 248 96 191 240 95 186 267 100 167 241 - 9 . 9 81 - 14.7 144 - 9 . 0 229 36 201 200 j - 12. ( 1919 1919 167 143 1919 91 154 ji || ij j 0.0 1.6 120 116 129 148 1919 199 1919 90 1919 130 222 ;• 199 182 40 75 i 43 188 232 212 1919 166 181 1919 122 107 108 160 645,565 + 64.7 1919 168,591 205,998 + 22.2 1919 158 1919 108 107 1919 115 153 298,327 + 47.9 or decrease (-) Jan. Feb. Mar. Apr. Apr. from Mar. U920 391,982 201,757 Percentage increase (+) or decrease (-) cumulative 92,473 | 83,281 40,200 | 34,308 116,514 | 100,644 337,206 INDEX NUMBERS. Percentage increase 1921 1921 1921 1921 1913 1913 36 | + 0. ( 214 ! 182 I 210 179 - 14.7 47 I 48 j 49 ' 40 - 17.5 223 ; 190 169 151 - 10.9 \ | I 188 j 158 ! 199 182 - 8 . 4 72 | 62 | 68 67 - 1.4 223 ! 180 | 161 ' 148- 8 . 6 87 ; 91 72 70 73 ! 109 69 I 86 92 97 82 65 87 - 6.3 88 j - 8.(5 85 '+ 2.1 108 j 105 87 102 - 2 . 6 + 0.0 93 83 + 9.0 Leather. Production: 82 1919 88 77 ! 91 1,691 3 1,356 6,493 1,699 90 ;— 0.5 Sole leather thous. ofbks., bends, sides.. 6.065 7.1 129 1919 107 157 159 j 181 , 166 \- 8.1 38,706 42,139 Skivers doz.. 122 U2 - 8.6 82 1919 132,801 121 117 O ak and union harness stuffed sides.. 8145,243 1921 110 99 ; 116 113 - 2.7 22,416 99,377 Finished sole and belting thous. of lbs.. 29,806 , 28,998 1921 134 115 145 135 | 153 159 + 3.8 66,700 88,721 I 92,066 Finished upper thous. of sq. ft.. Stocks, end of month: 85 '+ 1.1 1921 103 103 87 85 j 84 199,177 Sole and belting thous. of lbs.. 163, 061 i 164, 851 1921 i 106 I 113 . 93 , 92 i 92 , 93 •+ 0.9 Upper thous. of sq. ft.. 388, 070 391, 665 i 477,709 7 » Revised. Ten months' average, March to December. • Not exactly comparable 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 the absolute variation in the figures,, and hence show the trend of the movement irrespective of the change in the number of firms reporting. 50832—23 3 34 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 detailed tables covering other items, see the last quarterly issue of the SURVEY ( N O . 21). March, 1933 April, J Vw>. 109ft CUMULATIVE TOTAL THROUGH LATEST MONTH. Corresponding month, 1 March 1 or April, 1922. 1922 1923 INDEX NUMBERS. Percentage ncrease (+) or decrease (-) cumulative 1923 from 1922. BASE YEAR OR PERIOD. 1922 Percentage increase 1923 (+) or decrease Jan. ! Feb. Mar. Apr. Mar. Apr. i-} Apr. from Mar. H I D E S AND LEATHER—Continued. ! Leather—Continued. Stocks, in process of tanning: Sole and belting thous. of lbs.. Upper thous. of sq. ft.. Exports: Sole thous. of lbs.. Upper thous. of sq. ft.. Leather P r o d u c t s . Belting sales: Quantity thous. of lbs.. 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.. 1921 1921 90 107 90 104 96 98 100 100 5,476 + 21.0 26,403 + 7.1 1913 1913 55 91 41 74 36 79 69 56 6* 80 41 - 36.1 83 + 4.1 1,364 2,274 1,975 + 44.8 3,645 + 60.3 1919 1919 53 46 53 ! 45 73 68 62 60 73 i 71 70 - 4.8 68 — 5.0 105,873 1,630 128,443 _j_ 21.3 2,401 + 47.3 1919 1913 106 54 111 97 55 ! 57 110 65 130 73 115 + 11.7 90 + 23.2 213 209 ! 210 210 209 209 0.0 153 145 ! 153 153 153 153 0.0 1913 158 140 142 142 142 142 0.0 1920 1920 1920 1920 80 &4 61 ; 136 65 i 147 58 ; 137 99 106 114 122 112 95 128 131 120 91 112 116 109 88 - 12.8 - 11.3 9.2 - 2.9 111,261 161,687 111,084 164,116 100,258 170,179 1,677 7,049 1,071 7,341 1,070 6,578 4,527 24,654 520 972 495 923 373 615 35,836 616 31,663 759 26,852 463 6.50 6.50 6.50 1913 4.85 4.85 4.60 1913 4.25 4.25 4.19 CHEMICALS. | ! '- 100 100 98 ! IOO + 0.2 1.5 1 Production: Acetate of lime thous. of lbs.. Methanol galls.. Consumption, wood, carbonized cords.. Stocks, wood, at chemical plants cords.. Exports: Sulphuri c acid . thous. of lbs.. Dyes and dyestuffs thous. of dolls.. Total f ertiliier . 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 100lbs. 15,569 831,784 91,273 769,174 13,575 738,050 82,860 746,626 7,390 33,373 59,582 + 78.5 416,112 1,877,398 3,276,193 + 74.5 43,775 200,673 363,427 + 81.1 895,826 I i 76 ': 105 I 702 589 89,519 369 574 98,236 i .70 .71 1 QQ1 ' 346 87,311 4 <UR 1,839 272,544 43 3 2,466 2,079 + 13.1 328 847 i 20 7 156 1909-13 i 1G3 324 71 114 60 — 47.4 1909-13 ' 1,722 1,194 1,383 1,784 2,034 1,985 - 2.5 1909-13 i 64 9o, 7i 66 70 87 84 95 4-r 1914 1914 155 135 177 135 208 124 239 125 253 128 253 134 + 1914 1913 1913 116 156 80 117 158 84 135 173 70 132 170 70 133 178 70 132 — 0.8 180 + 1.1 71 i + i . 4 1919-20 1919-20 22 62 86 36 68 125 39 94 36 47 107 i +199.5 49 + 4.9 228,114 + 13.0 i 1919-20 1919-20 79 141 104 ! 122 j 83 109 i 141 127 87 111 11G + 34.3 101 9.0 .84 0.0 4.7 NAVAL S T O R E S . 'Turpentine (3 principal parts): Net receipts Stocks Rosin (3 principal ports): Net receiptsStocks barrels. barrels. 5,431 14,596 barrels. • barrels. . 48,445 222,501 16,267 | 15,312 13,139 11,081 26,734 65,058 58,015 202,391 ! 255,326 201,826 37,938 + 41.9 1 F A T S AND OILS. Total vegetable oils: Exports Oleomargarine: Consumption thous. of lbs. 5,232 5,661 4,785 37,273 20,730 - 28.3 1913 36 16 32 thous. of lbs. . 19,722 18,033 13,686 58,031 78,110 + 34.6 ; 1913 129 115 174 Cottonseed. Cottonseed stocks Cottonseed oil: Stocks Production Price, New York thous. of lbs. . thous. of lbs. dolls, perlb. 159,922 60,137 62,170 .118 ! IS 166 166 59 31 19 + 152 - 8.2 8.6 j i tons. . 1 23 64,752 46,140 37,484 40,356 .117 31,848 . . . 24,345 291,484 .115 1 1919 20 9 348,221 j + 19.5 ! , 1919 1919 1913 57 66 159 33 22 158 103 96 I 87 132 91 150 149 13 — 39.5 63 39 — 37.7 56 37 - 35.1 163 . 162 0.8 35 TREND OF BUSINESS MOVEMENTS—Continued. 1 1 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. March, For detailed tables covering other items, see ; 1923 the last quarterly issue of the SURVEY (NO. Corresponding month, March or April, 1922. Ar\ril April, 21). Percentage increase CUMULATIVE TOTAL THROUGH LATEST MONTH. (+) or decrease BASE YEAR cumulative 1923 from PERIOD. INDEX NUMBERS. 1922 Percent- age in- 1923 crease | OR 1922 1923 Mar. Apr. Jan. Feb. Mar. Apr. 1922. i ;' ! 1 j F A T S AND OILS—Continued. 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.. 1,521 + 58 3 309 486 198 901 75 55 45 347 309 — 11.0 1913 2 7 '• 1913 12 21 4 81 62 53 420 324 — 22.9 1913 45 2G 52 395 471 + 19.2 1913 17 9 17 9 8,080 15,372 8,661 | 52 ; 176 ! 27 33 52 13 4 7 5 — 20. 7 55 34 79 37 52 40 - 23.5 ' 12 5 33 3 4 2 - 42.2 38 3 22 ' G 5 7 1 — 47.1 3 3 1 4 ' 1913 1913 50 or decrease ( —) Apr. from Mar. — 47.1 6,069 26,406 35,196 + 33.3 1913 48 | 40 ' 66 55 ; 53 57 + 7.2 15,930 4,159 44,543 62,080 + 39.4 1913 31 | 14 58 44 51 53 + 3.6 10,195 118,861 21,901 12,567 j 10,244 88,772 15,630 10,684 50,588 45,636 1913 121 86 105 102 90 86 - 4 . 9 1913 194 173 274 2(34 249 231 — 7.2 102,880 + 35.4 55,864 + 17.1 1919 64 50 119 69 69 70 + 0.7 1919 71 54 95 54 68 63 - 7 . 7 30,169 + 6.3 26,162 — 1.7 1914 100 81 104 97 109 1919 1919 119 85 114 64 60 78 98 S2 109 85 FOODSTUFFS. Wheat. Exports, including flour thous. of bushs.. 10,725 Visible supply thous. of bushs.. 128,085 Receipts, principal markets. .thous. of bushs.. 21,746 Shipments, prin. markets thous. of bushs.. 13,621 Wheat flour: Production .thous. of bbls.. 10,607 Consumption .thous. of bbls..; 8,852 Stocks thous. of bbls.. 8,050 Prices: No. 1, northern, Chicago, .dolls, per bush.. j 1.216 No. 2, red winter, Chicago.dolls, per bush.. 1.321 Flour, standard patents, Minneapolis dolls, per bbl.. | 6.625 Flour, winter straights, Kansas City dolls, per bbl.. 5.600 9,658 9,720 6,000 76,008 47,690 28,386 26,604 - 9 . 8 i ! 1.253 1.320 \ 1.386 1.391 1913 148 152 131 136 133 137 + 3.0 1913 138 141 12S 138 134 134 — 0. 1 6.956 8.144 1913 170 178 145 146 145 152 • + 5 0 5.744 6.785 1913 176 176 145 145 146 149 + 2.6 7,764 31,266 26,222 16,090 5,946 5,632 24,472 16,976 14,274 5,270 18,817 39,502 14,552 12,019 4,211 .740 .793 .588 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.. 83,444 156,014 97,145 22,021 29,678 - 6 4 . 4 543 446 175 211 184 133 - 27.5 1913 607 470 263 356 372 291 - 21.7 1913 112,043 - 2 8 . 2 69,418 - 2 8 . 5 22,082 + 0.3 | ; 1919 207 97 250 209 175 113 — 35.3 1919 1913 270 136 187 182 161 100 127 142 126 ! - 11.3 159 255 132 1913 92 94 114 118 118 127 1913 74 109 177 90 82 371 45 321 77 1913 159 138 126 1913 92 67 16 32 29 1913 105 104 117 122 123 1913 36 21 42 28 38 ', 28 1913 57 69 45 82 69 48 - 26.5 — 30.0 ! 1913 103 102 104 107 + 1.1 19,626 +160.7 ! 13,037 + 79. 5 ! 1913 251 110 1 555 S 367 284 i 311 !+ 9.3 1913 615 2,545 1913 160 164 137 136 130 ' 134 1913 202 174 105 96 1 106 84 118 121 141 1919 106 105 98 ! - 11.4 + 7.2 Other Grains. Oats: Receipts, prin. markets. ..thous. of bushs.. Visible supply thous. of bushs.. Exports, including meal, .thous. of bushs.. Prices, contract goods, Chicago dolls, per bush.. Barley: Receipts, prin. markets thous. of bushs.. Exports . . thous. of bushs . Price, fair to good, malting, Chicago dolls per bush Rye: Receipts, prin. markets...thous. of bushs.. Exports, including flour, .thous. of bushs.. Price, No. 2, Chicago dolls, per bush.. 9,371 55,837 2,035 874 16,867 | 21,932 1,175 .462 .466 .393 3,403 1,012 2,500 708 1,881 1,002 .663 .670 .640 3,679 1,382 .827 4,022 2,226 .853 1,417 3,945 1,043 7,527 21,757 41,006 19,936 38,259 , 36,043 32,874 149,770 18,568 24,044 58,905 5,752 9,795 2,724 74,093 + 25.8 3,512 - 38.9 ! 12,235 + 24.9 3,572 + 31.1 • 7,262 ' 107 -9.2 — 8.8 39 + 34.4 124 + 0.9 j 106 2,229 3,854 ' 892 ' 1,436 + 61.1 !+ 3.1 Total Grains. Total grain exports, incl. flour, thous. of bushs.. Car loadings of grain and grain products..cars.. 175,717 95,435 ,j-36.3 j 167,696 : , - 4.6 i - 8.4 6.7 36 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. March, For detailed tables covering other items, see the last quarterlv issue of the SXJEVEY (NO. 1923. 21). April, 1923. Corresponding month, March or April, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. INDEX NUMBERS. Percentage increase (+ J or decrease (-) BASE YEAR OR 1922 Percentage increase 1933 or decrease PERIOD. 1922 1923 cumulative 1923 from 1922. 309 49,948 3,571 358,054 2,269 - 36.5 293,952 - 17.9 1919 1919 214 196 16,154 110,395 117, 741 6.7 1919 166 63 136 I 121 133,590 42,288 172,951 148,774 [ - 14.0 1919 1919 190 213 165 I 135 281 I 251 151 i 106 194 - 9.6 106 - 4.4 1919 1919 1919 1919 1919 111 43 148 42 167 54 26 134 178 137 310 120 107 110 198 62 40 145 77 182 - 53. e - 49.7 -5.2 - 5.5 ! - 10. 4 5.5 .4 .2 9.7 1919 1919 1919 1919 79 71 64 87 72 63 53 79 81 64 53 95 + 11.2 + 3.4 + 17.7 + 13.0 6.3 7.1 3.4 1913 1919 1913 119 89 131 106 80 101 27 Mar. Apr. Apr. from Mar. Jan. ! Feb. Mar. Apr. FOODSTUFFS—Continued. Other Crops. Rice: 396 529 Receipts at mills thous. of bbls.. 70,774 Shipments, total from mills, .thous. of lbs.. 65,448 Shipments, through New 31,549 Orleans thous. of lbs.. 20,586 Stocks, end of monthDomestic, at mills and dealers thous. of lbs.. 174,302 157,505 Exports thous. of lbs.. 34,706 33,193 Apples: Cold-storage holdings thous. of bbls.. 1,074 2,314 Car-lot shipments carloads.. 2,699 5,362 Potatoes, car-lot shipments carloads.. 22,917 21,728 1,335 Onions, car-lot shipments carloads. 1,413 9,891 Citrus fruit, car-lot shipments carloads. 3 11,045 Cattle and Beef. Cattle movement, primary markets: Receipts thousands. 1,502 Shipments, total thousands. 554 Shipments, stocker and feeder.thousands. 198 Slaughter thousands. 956 Beef products: Inspected slaughter produc. .thous. of lbs. 401,037 Apparent consumption thous. of lbs. 395,982 Exports thous. of lbs. 15,144 Cold-storage holdings (1st of following month).. .thous. of lbs. * 90,502 Prices, Chicago: Cattle, corn-fed dolls, per 100 lbs. 9.26 Beef, fresh native steers .dolls, per 100 lbs. 14.50 Beef, steer rounds, No. 2.dolls. per 100 lbs. 14.50 Hogs and Fork. Hog movement, primary markets: Receipts, primary markets thousands. Shipments, primary markets..thousands. Shipments, stocker and feeder-thousands. Slaughter *. thousands. Pork products: Inspected slaughter produc. .thous. of lbs. Apparent consumption thous. of lbs. Exports thous. of lbs. Cold-storage holdings (1st of following month) thous. of lbs. Prices: Hogs, heavy, Chicago.. .dolls, per 100lbs. Pork, loins, fresh, Chicago dolls, per 100 lbs 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. »Revised. 4,926 1,703 69 3,234 856,386 582,553 185,197 3 1,670 573 233 1,080 12,149 944 1,761 20,131 3; 102 7,407 1,470 562 235 13,593 I 72,199 6,629 32,174 6,136 2,453 993 3,641 408,248 1,126,359 395,747 1,104,778 53,056 13,735 22,489 + 65.4 74,175 4- 2.7 I 6,055 - 8 . 7 41,301 + 28.4 I 6,474 2,442 922 3,993 + -0 -7 + 1,197,000 + 1,183,657 + 51,245 - 78,065 64,507 1919 29 9.02 14.50 14.50 8.41 14.50 14.40 1913 1913 1913 103 112 101 4,318 1,393 76 2,924 3,067 1,067 56 2,000 164,288 931,417 1,018,336 14,369 5,362 219 9,016 19,040 6,652 275 12,372 64 92 87 + 33.6 116 + 8.1 81 223 92 90 80 179 91 j 69 85 I 63 64 I 48 95 76 73 62 45 84 125 94 92 - 19.8 33 - 13.7 106 - 2 . 6 112 0.0 111 0.0 115 99 112 I 119 110 i 103 120 140 85 111 132 143 92 128 116 12.3 117 - 18.2 101 + 10.1 115 — 9.6 105 145 110 188 209 239 156 175 200 177 208 226 200 - 11.3 74 76 82 92 102 112 + 9.3 95 - 2 . 3 1919 1919 1919 1919 569,838 1,856,948 2,516,523 + 35.5 376,978 1,252,560 1,659,342 + 32.5 480,221 90,132 709,369 + 47.7 1913 1919 1913 118 135 152 690,296 1919 8.16 7.97 10.21 1913 124 122 98 94 98 14.80 15.30 23.60 1913 133 159 104 105 100 1,430 646 114 805 1,447 584 82 855 1,227 564 97 678 5,927 2,785 592 3,144 33,656 101,925 39,410 *6,635 5,768 2,071 5,879 2,605 536 3,265 63 53 20 76 0.8 6.5 9.5 3.8 1919 1919 1919 1919 116,815 + 14.6 1913 66 75 1919 68 79 + 124 + 53.3 142 158 88 134 32.5 24.1 25.6 37.2 + + + + 156 166 103 + 64 48 14 81 3.4 + 1.2 -9.6 - 28.1 + 6.2 69 - 13.1 37 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) j" have not been published previously in the j SURVEY or are repeated for special'reasons: > detailed tables covering back figures for these j it ems will be found at the end of this bulletin. ,' For detailed tables covering other items, see i March, 1923. the last quarter])' issue of the SURVEY (NO. 21) * ! April, 1923. ii Per- ! I i centage 'increase 1 CUMULATIVE TOTAL i (+) I ordeBASE THROUGH i: crease i YEAR LATEST MONTH. ! ! (-) ! OR : cumu- i PERIOD. 1 lative ' j! 1923 j 1923 1 j f r o m I 1922 1922. ! i Corresponding month, March or April. ; 1922. INDEX NUMBERS. i i ! ' Percentage increase 1923 1922 S Mar. Apr. Jan. Feb. Mar. Apr. t+) or decrease (-) Apr. from Mar. FOODSTUFFS—Continued. Sheep and Mutton—Continued. Prices: Sheep, ewes, Chicago dolls, per 100 lbs.. Sheep, lambs, Chicago, .dolls, per 100lbs.. 6.99 13.22 ; 7.15 14.25 7. 57 13.06 15,518 16,724 15,120 10,596 13,160 i7j485 66,794 thous. of lbs.. !7, 154 12,446' ii,196 62,260 thous. of lbs.. 3 94,872 74,748 250,840 18,176 24,234 87,543 61,168 - 30.1 1919 48,699 16,410 42,694 15,757 2,911 168,204 52,346 187,893 :+ 11.7 57,445 + 9.7 6,239 - 6.7 1919 1919 1919 153 161 ! + 183 168 I- 8.4 5.9 1913 1913 151 | 149 187 170 148 182 143 188 1919 1910 107 41 I 76 28 45 65 67 44 27 17 j - 36.6 I 1919 67 57 221 119 87 63 I— 27.4 103 ! 76 ! 183 171 143 112 - 21.2 14 18 28 Fish. Total catch, prin. fishing ports, .thous. of lbs..; Cold-storage holdings,15th of mo.thous. of lbs..' Poultry. Receipts at five markets Cold-storage holdings (1st of following month) 50,170 - 24.9 87 j - 2.6 ; Dairy Products. 96,954 4-55.7 1919 i Condensed and evaporated milk: Exports thous. of lbs.. 20,034 Receipts at 5 markets: Butter thous. of lbs.., 50,400 Cheese thous. of lbs.. j 15,573 . Eggs thous. of cases.. | 2,124 Cold-storage holdings (1st of following mo.): Creamery butter thous. of lbs.. M,824 American cheese .thous. of lbs.. 3 14,465 Case eggs thous. of cases.. M53 Wholesale prices at 5 markets: Butter dolls, per l b . . .485 Cheese dolls, per l b . . .241 Fluid milk: R eceipts— Boston (including cream),thous. of qts.. Greater New York thous. of cans.. 2,295 Production—Minneapolis thous. of qts.. 18,118 Sugar. Raw: 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, per l b . . Wholesale, refined, N. V 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.. 2,237 ] i 3,248 j 14,068 I 3,710 I 3 3,830 10,868 4,648 '. .445 , .216 .363 . .183 . 14,714 1 2,297 ' 1,774,643 531,962 284,800 327,081 316,973 31,632 39,324 122,516 110 144 192 1,590,929 j - 10.4 1919 165 164 77 1919 287 332 84 130 I 1,206 3,673 4,149 106 j - 3.4 101 ! + 5.4 188 | + 5.3 75 ;|— 8.2 70 ! - 10.4 110 100 115 I 113 I- 2.1 145 134 153 154 4- 0.1 225 216 254 103 148 207 I 105,112 j - 70.4 1909-13 26 j - 9.3 9 6 j - 32.7 39 38 \- 2.7 12 : 101 ! '+719.0 82 ! 78 1919 1913 1919 728 896 29 16 72 i 56 6 (9) 57,232 | + 2.0 8,764 1+ 5.3 I 355,140 110 96 179 93 !| 105 97 79 : 72 ; 245 61 59 1919 1919 56,132 8,323 55,228 486,421 90 164 1916-1920 16 i 7 1916-1920 29 I 29 1916-1920 i 26 I 126 14,428 2,156 13,687 510,653 35 i 34 160 209 105 i 157 I 150- 4 . 7 S 343+ 14.8 m 997 |l,071 11,332 + 24.3 m 9 4 ! 6 1913 6 7 1913 1913 1913 112 121 118 114 122 122 1919 1919 1919 261 157 124 218 158 155 - 24.1 1913 1913 1913 78 63 96 76 65 63 ! 59 55 j 43 58 j 64 86 ! 105 93 I 77 - 12.0 - 14.5 - 65.2 -5.0 + 19.3 1913 1913 117 118 108 j 124 120 I 117 170 |, 176 211 I 153 - 41.2 - 64.7 [ .073 .086 .078 .040 .052 861,736 647,00S 653,622 563,525 461,321 756,155 720,509 512,430 997,291 of bags.. of bags.. of bags.. 6,936 1,208 739 6,104 1,033 257 8,944 1,039 821 3,807 of bags.. of bags.. 1,155 601 679 212 1,072 ; 667 4,458 1 1,957 I 2,288,146 ; 2,608,271 + 14.0 1,345,277 1,892,924 | + 40.7 •I 151 176 I 208 j 223+ 6.8 158 171 ! 201 I 215+ 7.0 151 158 185 ! 193 4.3 I 152 207 261 \ 171 :- 34.6 95 ! 146 199 142 - 2 8 . 7 43 ! 71 i 101 I 117+ 15.7 Coffee. Visible supply (1st of following mo.): World thous. United States thous. Receipts, total, Brazil thous. Clearances: Total, Brazil, for world thous. Total, Brazil, for U. S thous. * Revised. 4,237 2,334 38 TREND OF BUSINESS MOVEMENT—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for speciarreasons; ; detailed tables covering back figures for these j items will be found at the end of this bulletin. March, For detailed tables covering other itoms. see 1928* l issue of the SURVEY ( N O . ; lsr3KS the last quarterly April, 1923. ' Corresponding month, March or April, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 INDEX NUMBERS. i Percentage i! increase 1928 (+) or decrease (-) cumulative BASE YEAR OR PERIOD. 1923 from 1922. 1922 Percentage increase 1923 (+) or decrease (-) ! i Apr. Mar. Apr. !• Jan. i Feb. Mar. A p rfrom . Mar. TOBACCO. Consumption (tax-paid withdrawals): Large cigars millions.. Small cigarettes millions.. Manufactured tobacco and snuff thous. of lbs.. Exports: Unmanufactured leaf thous. of lbs.. Cigarettes thousands.. Sales at loose-leaf warehouses thous. of lbs.. Price, wholesale, Burley good leaf, dark red, Louisville dolls, per 100 lbs.. 575 5,043 36,451 533 4,711 34,055 ; 31,641 40,590 937,498 1,063,237 22,636 4,309 501 3,453 1,921 13,920 31,376 136,167 2,173 !'+ 13.1 19,727 ;j+ 41.7 140,207'+ 3.0 40,704 131,571 140,623 + 6.9 928,955 3,510,514 3,670,154 + 4.5 4,582 179,075 119,396 - 33.3 1913 1913 84 79 280 266 89 ; 80 413 357 91 389 84 - 7.3 363 !- 6.6 1913 103 85 100 88 99 92 - 6.6 1909-13 1913 1919 105 519 24 130 481 6 133 85 470 394 70 1 43 101 485 28 129 + 28.3 550 : +13.4 5 27.50 27.50 i 27.50 tons.. tons.. tons.. 1,168 388 1,941 1,373 510 2.1S7 499 297 1,046 1,699 1,138 3,652 4,275 +151.6 1,681 + 47.7 7,283 + 99.4 1915 1915 1915 252 157 236 274 162 257 425 222 391 526 205 384 641 212 476 tons.. 59,551 60,202 I 56,871 235,471 210,155 - 10.8 1919 645 651 427 608 682 | 690 ' + 1.1 tons.. tons.. tons.. 4,765 1,882 2,SS3 4;676 1,936 2,740 4,627 2,168 2,459 17,401 8,090 9,311 18,140 + 4.2 7,366 - 8.9 10,774 ,+ 15.7 1913 1913 1913 107 181 1S4 184 109 172 87 130 72 107 160 88 105 165 + 84 - tons.. tons.. tons.. 4,650 1,817 2,833 4,890 2,042 2,848 4,884 2,3S9 2,49-5 17,759 8,477 9,283 18,205 •+ 2.5 7,319 ;— 13.7 10,885 + 17.3 1913 1913 1913 108 174 83 109 191 102 150 83 92 127 78 104 145 109 + 5.2 163 + 12.4 88 + 0.5 Jan. 1920 Jan. 1920 33.1 28.3 27.3 25.4 25.3 22.9 208 • 208 • 208 i 208 1913 208 | 208 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 Mississippi River: Government barge line 753 + 17.6 278 + 31.4 537 + 12.7 Vessels In Foreign T r a d e , Entered in United States ports: Total thous. of net American thous. of net Foreign thous. of net Cleared from United States ports: Total thous. of net American thous. of net Foreign thous. of net 1.9 2.9 5.0 Index of Ocean Freight R a t e s . United States Atlantic t o United Kingdom, .weighted index number.. All Europe weighted index number.. 21.8 23.1 21.1 21.9 22.6 22.6 - 2.2 + 3.2 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.. Bad order cars, total (1st of following month) number. Car loadings (weekly average): Total cars.. Grain and grain products cars. Live stock cars. Coal cars. Forest products cars., Ore cars. Merchandise and miscellaneous cars.. Freight carried mills, of ton-miles. 3,266 3,7S5 14,196 4,654 2,849 13,556 94,653 235,077 371,538 1919 1919 1919 108 96 109 30,849 29,281 68,986 13,940 17,634 35,282 369 374 842 1919 1919 1919 2 2 206,312 210,505 327,704 1913 916,492 s 941,792 1 727,4S8 41,006 338,259 1 32,874 31,145 3 31,634 27,114 185,414 3 176,555 72,528 56,052 74,950 3 76,966 13,336 3 20,169 9,654 555,261 3 5S2,2S7 521,106 39,2SS 32,941 +23.8 1919 1919 1919 1919 1919 1919 1919 1913 1,214,948 1,478,092 + 21.7 321,407 346,356 + 7.8 1,689,741 . 2,007,507 + 18.8 1913 1913 1913 88,543 109,573 8 10 14 3 6 8 4 5 7 6 + 42.5 4 - 24.7 7 - 4.5 2 141 9 916 3 ! 303 178 923 334 162 697 285 73 - 54.8 420 - 39.8 146 — 48.9 139 143 137 139 + 102 106 55 74 93 14 105 120 106 91 84 > 121 82 105 41 109 99 118 26 29 102 110 90 138 106 106 97 105 117 28 105 119 114 105 95 105 132 36 118 144 117 98 96 100 135 54 123 200 140 186 207 163 145 158 163 ! 197 185 138 175 225 153 1 i 115 311 196 212 217 2.0 + 2.8 - 6.7 + 1.6 - 4.8 + 2.7 + 51.2 + 4.9 Railroad O p e r a t i o n s . Revenue: Freight Passengers Total, operating •Revised. thous. of dolls. thous. of dolls.. thous. of dolls.. 398,536 88,229 535,541 386,136 »288,900 87,872 »83,457 523,167 ,« 417,140 218 153 210 ' 205 - 3.1 0.4 2.3 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 detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). March, 1923. April, 1923. Corresponding month. March or April, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 INDEX NUMBERS. Percentage increase 1923 (+) or decrease (-) cumulative 1923 from 1922. BASE YEAE OE PERIOD. 1922 Percentage increase 1923 (+) or decrease Apr. Mar. Apr. Jan. Feb. Mar. Apr. from Mar. TRANSPORTATION-RAIL-Continued. j Railroad Operations—Continued. j 404,058 Operating expense thous. of dolls.. j 417,913 83,201 Net operating income thous. of dolls.. j 83,568 Receipts per ton-mile index number.. 2,637 \ 2,6 Pullman passengers carried thousands.. •336,425 •49,974 2,461 1,359,792 1,606,611 + 18.2 210,791 266,502 + 26.4 9,375 10,321 + 10.1 185 83 180 119 225 102 150 130 207 65 154 112 230 222 - 3.3 140 ! 139 0.4 1913 1913 199 139 167 114 1921 " 1914 " 1915 103 101 100 104 100 102 124 114 121 128 116 125 131 119 126 + 0.1 241 i 241 257 245 \ 262 264 203 210 210 + 0.1 + 2.3 + 1.0 1913 1913 127 ! 129+ 1-7 LABOR. Number employed: I United States (1,428 firms)... .thousands..I 2,037 New York State thousands.. 567 Wisconsin index number.. j Total pay roll: ! New York State thous. of dolls.. j 15,262 Wisconsin index number.. j Av. weekly earnings,Wisconsin .index number.. J Unemployment, Pennsylvania (1st of following month) number.. 14,940 Employment agency operations: Workers registered number.. 169,217 Jobs registered number.. 178,384 Workers placed number.. 135,226 Average applicants per job number.. .95 Immigration number.. 53,330 Emigration number.. 10,630 2,040 566 1,617 478 -0.2 + 0.8 15,276 11,546 " 1914 ii 1915 ii 1915 200 187 188 194 193 190 11,605 215,410 1921 106 82 178,158 200,692 143,582 .89 65,135 13,763 213,167 161,768 120,763 1.32 29,166 24,962 1921 1921 1921 1921 1913 1913 115 119 129 97 21 31 105 138 128 76 25 49 101 136 134 74 32 23 1913 1913 112 117 115 115 126 | 130 106 107 1913 1913 1913 1913 130 137 172 191 129 137 171 194 143 141 196 218 1913 1913 1913 1913 1913 1913 109 155 125 175 117 142 113 156 124 175 116 143 133 188 131 184 124 156 I 1913 1913 1913 1913 1913 1913 1913 1913 147 141 122 165 178 120 150 142 148 145 120 167 180 122 149 143 168 164 125 215 213 136 155 156 1913 1913 1913 111 144 147 115 144 149 139 ' 146 154 180 ! 187 193 165 166 1913 137 139 154 ! 158 I 160 159 1913 1913 125 139 127 139 149 ! 151 I 144 i 142 I 151 148 142 143 824,391 509,585 418,427 727,110 - 11.8 705,944 + 38.5 533,550 + 27.5 93,981 70,666 195,178 +108.0 44,739 - 36.7 - 22.3 87 144 135 61 33 17 + + + + + 3.5 12.5 6.2 6.3 22.1 29.5 PRICE INDEX NUMBERS. Farm prices: Crops (15th of month) index number.. Live stock (15th of month) .index number.. Wholesale prices: Department of L a b o r Farm products •.. .index number.. Food, etc .index number.. Cloths and clothing index number.. Fuel and lighting..... .index number.. Metals and metal products index number.. Building material index number.. Chemicals and drugs, .index number.. House-furnish, goods, .indexnumber.. Miscellaneous .index number.. All commodities index number.. Fed. Reserve Bd. (Dept. Labor prices)— Total raw products index number.. Agricultural prod-index number.. Animai 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.. •Revised. * Seven months' average, June to December, inclusive. 11 + 3.7 + 0.9 143 143 201 206 141 144 205 200 + + - 1.4 0.7 2.0 2.9 139 192 132 184 126 157 149 198 135 185 127 159 154 204 136 187 126 159 + + + + - 3.4 3.0 0.7 1.1 0.8 0.0 167 170 123 220 207 141 155 157 167 174 123 227 202 148 156 157 166 - 0.( 1.1 172 0.0 123 232' i| + 2.2 198 - 2.0 150 + 1.4 157 + 0.6 159 + 1.3 142 141 199 212 First quarter of year. 156 + 186 : 169 1.3 3.6 I 0.0 I - 0.6 2.0 0.7 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 baokfiguresfor these items will be found at the end of this bulletin. For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. March, 1923. April, 1923. Corresponding month, March or April, 1922. INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 1923 (+) or decrease (-) cumulative 1923 from 1922. BASE YEAR OR PERIOD. Percentage increase 1923 1922 Mar. Apr. (+) or decrease (-) Apr. Jan. Feb. Mar. | Apr. from Mar. PRICE INDEX NUMBERS—Continued. Cost of living: National Industrial Conference BoardFood 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.. France— Gen. Stat. Bureau index number.. U. S. Fed. Res. Bd....index number.. Italy (Bachi) index number.. Sweden index number.. Switzerland index number.. Canada— Canadian Dept. Labor.index number.. U. S. Fed. Res. Bd....index number.. Australia index number.. India (Calcutta) index number.. I JapanBank of Japan index number.. U. S. Fed. Res. Bd....index number.. 1913 1913 1913 1913 1913 1913 139 165 154 174 174 155 139 165 155 174 174 155 144 167 160 187 171 158 1913 1913 1913 163 160 168 163 159 167 157 ! 158 160 161 j 164 163 167 | 170 175 1913 1913 1913 1913 1914 307 287 533 164 171 314 299 527 165 163 387 324 575 156 175 i j | | 1913 1913 1914 1914 166 150 146 182 166 152 148 182 105 148 163 179 ; | | | 1913 1913 201 182 198 180 184 176 142 167 162 187 171 158 142 170 173 159 143 + 170 0.7 159 0.0 0.0 167 - 0 . 6 180 - 3 . 2 173 0.0 161 192 j 183 i 0.6 + ;+ + 2.1 0.8 0.3 1.9 0.5 168 + 0.6 0.6 1.8 1.7 422 424 415 355 | 372 369 588 582 586 158 | 162 159 181 I 186 187 160 167 152 155 161 163 180 181 + 165 + 1.2 177 1+ 1.1 156 + 166 + 178 - 196 196 | 185 185 !. 0.0 0.0 DISTRIBUTION MOVEMENT. Mail-order houses, total sales...thous. of dolls.. Sears, Roebuck & Co thous. of dolls.. Montgomery Ward & Co.. .thous. of dolls.. Chain stores, total sales 12 thous. of dolls.. F. W. Wool worth Co thous. of dolls.. S. S. Kresge Co thous. of dolls.. McCrory Stores Corp thous. of dolls.. S. H. Kress & Co thous. of dolls.. J. C. Penney Co thous. of dolls.. 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 Corp., | tqfcal sales thous. of dolls.. I 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.. i Candy sales by manufacturers .thous. of dolls.. j 32,730 19,755 12,975 27,158 15,780 6,950 1,772 2,656 4,387 6,281 935 2,472 32,398 30,691 19,178 11,513 23,764 13,940 5,862 1,466 2,496 4,458 5,775 849 1,836 31,080 22,071 14,713 7,358 22,429 13,439 5,208 1,379 2,396 3,943 6,012 825 2,107 23,116 83,883 57; 115 26,768 74,566 44,883 17,050 4,590 7,997 11,656 21,717 3,249 I j ' 9,272 137,065 | «Includes F. W. Woolworth, S. S. Kresge, McCrory Stores Corp. and S. H. Kress. | 117,006 + 39.5 74,978 + 31.3 42,028 + 57.0 89,693 | + 20.3 52,000 + 15.9 22,757 |+ 33.5 5,722 j+ 24.7 ' 9,214 |+ 15.2 14,468 |+ 24.1 22,654 !+ 4.3 3,403 + G. G 10,934 ! + 17.9 135,443 \ - 1.2 1913 1913 1913 1913 1913 1913 1913 1913 1913 1913 1913 1919 1919 1919 1910 1919 243 232 290 272 211 19G 248 241 238 215 198 185 250 274 392 348 243 222 298 242 245 341 247 281 200 203 280 253 215 244 530 446 454 C29 406 471 273 279 394 320 268 306 278 229 223 290 238 267 1,433 1,792 1,273 1,283 1,994 2,026 221 209 255 234 244 244 263 253 288 201 2G5 254 99 9G 88 81 95 79 164 188 149 165 | 159 139 135 145 123 129 j 125 121 125 135 124 116 | 110 125 122 14G 104 156 86 | 71 6.2 2.9 11.3 12.5 11.7 15.7 17.3 6.0 1.6 • 8.1 9.2 3.1 12.8 6.9 7.4 16.4 1919 101 113 100 ! 122 117 ! - 4.1 1919 118 118 105 125 129 |j+ 3.2 1913 163 311 ! 174 I 1919 1919 1919 1919 1919 1919 1920 82 70 88 76 114 51 64 87 56 105 75 113 60 101 | 82 56 101 75 106 57 181 134 ! - 25.7 109 82 111 + 1.8 62 - 24.4 113 81 80 120 106 59 81 , 82 - 1.2 - 11.7 54 - 8 . 5 78 - 4.1 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 detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). Corresponding month, March or April, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. INDEX NUMBERS. ! Percentage increase or decrease i (-) cumu! lative ; 1923 from i 1922. 1922 1923 13 7,557 352,909 87,790 w 9,699 + 28.3 387,777 j+ 9.9 BASE YEAR OK PERIOD. Percentage increase 1923 1922 ( } t or decrease (-) Jan. Feb. Mar. j Apr. Apr. from Mar. DISTRIBUTION MOVEMENT—Contd. 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.. 2,298 105,023 27,870 2,270 |; 1,830 108,836 ii 3 98,031 24,374 j 3 22,156 1913 1919 100,261 + 14.2 140 1 150 141 164 112 I 117 108 100 125 130 j|+ 3.6 132 I 121 136 126 152 133 |:— 12.5 81 92 83 ! j - 9.7 185 |- 1.2 1919 6,700 6,051 5,439 j 24,044 25,394 + 5.6 87 ! 75 93 91 91 89 1919 PUBLIC FINANCE. U . S . interest-bearing d e b t . . : . .mills, of dolls.. Liberty and Victory Loans and War Savings securities mills, of dolls.. Customs receipts .thous. of dolls.. Ordinary receipts thous. of dolls.. Ordinary expenditures thous. of dolls.. Money held outside U . S . Treasury and Federal Reserve System: Total mills, of dolls.. Per capita dollars.. 22,389 22,327 22,954 16,110 16,084 18,405 62,172 53,736 33,804 i 1919 1919 134,995 ! 197,920 1,115,330 242,561 i 981,969 210,565 Ml 88 Ii- 0.3 78 78 I 78 174 182 ! 78 |- 0.2 234 202 ;- 13.6 + 56.0 1913 152 127 11 1,293,987 + 16.0 1; 098,027 + 11.8 1913 913 328 || 354 327 1,062 401 ';- 62.3 1913 573 426 ! 425 429 531 641,082 241,830 310,473 301,848 4,656 41.98 4,668 1919 90 89 j 92 42.04 ! 3 40.06 1919 88 87 !| 89 84,125 + 9.1 74,870 !+ 14.! 1919 100 102 109 93 I 111 101 ii- 9.2 1919 99 94 112 112 107 4.3 70,115 74,340 ; + 6.0 1913 237 238 251 213 251 228 ;'- 47,882 60,431 ;S+ 26.2 1913 223 213 289 230 271 261 jj- 3.7 1919 33 26 31 1919 92 110 92 546 - 2.8 BANKING AND FINANCE. Banking. Debits to individual accounts: 22,541 20,478 20,717 New York City mills, of dolls.. 18,732 19,567 Outside New York City mills, of dolls.. 16,481 Bank clearings: 18,010 19,768 New York City mills, of dolls.. 18,759 15,005 15,585 12,237 Outside New York City mills, of dolls.. Federal Reserve Banks: 637 700 Bills discounted mills, of dolls.. 500 504 468 Total investments mills, of dolls.. 650 2,232 2,223 Notes in circulation mills, of dolls.. 2,158 3,176 3,125 Total reserves mills, of dolls.. 3,179 1,833 1,909 i Total deposits mills, of dolls.. 1,976 78.3 j 77.0 Reserve ratio per cent.. 75.5 Federal Reserve member banks: 11,783 11,839 Total loans and discounts, .mills, of dolls.. 10,846 4,714 4,634 Total investments mills, of dolls.. 3,865 11,082 Net demand deposits mills, of dolls.. 11,156 10,676 Interest rates: 5.23 4.35 4.94 New York call loans per cent.. 5.13 I 5.00 4.58 ' Commercial paper, 60-90 d a y s . . .per cent.. Savings deposits (bal. to credit of depositors): I Total, 11 Fed. Res. dists.. .thous. of dolls.. 6,276,223 6,314,793 ;5,734, 744f Boston dist thous. of dolls.. 1,155,719 1,173,515 |l, 092,416 New York dist thous. of dolls. .1,825,991 1,820,182 '1,700,636 426,745 Philadelphia dist thous. of dolls.. | 449.252 453,217 418,287 376,115 Cleveland dist thous. of dolls..; 415,526 290,706 262,969 Richmond dist thous. of dolls.. \ 287,828 183,251 158,711 Atlanta dist thous. of dolls.. 179,131 838,895 755,475 Chicago dist thous. of dolls.. 834,622 126,920 111,990 St. Louis dist thous. of dolls.. 126,838 88,246 79,152 Minneapolis dist thous. of dolls.. 87,987 99,078 89,133 ! Kansas City dist thous. of dolls.. 96,619 58,495 50,464 Dallas dist thous. of dolls.. 57; 958 890,921 742,928 ' San Francisco dist thous. of dolls.. 885,590 132,255 142,326 U. S. Postal Savings thpus. of dolls.. 132,180 76,722 65,220 36 85 1919 83 82 84 1919 142 143 147 146 95 ' 103 153 101 102 ' 152 150 1919 1919 1921 93 I 155 91 j 85 156 145 99 91 - 33 - 9.0 79 — 7.1 85 - 0.4 145 + 0.1 99 i - 3.4 153 [ + 2.0 99 + 0.5 1921 110 \ 115 144 139 140 138 I - 1.7 1919 101 109 109 105 150 164 105 j + 0.7 1 1 155 I — 5.5 80 87 89 ! + 2.3 118 118 1913 137 137 1913 83 80 1920 108 : I 1920 108 117 105 105 111 112 112 119 I + 0.6 113 | + 0.7 1920 111 111 118 ; 118 119 1920 110 110 113 115 115 1920 108 109 119 ' 120 120 1920 115 117 126 I 127 128 1920 107 108 121 120 122 129 ! + 1.0 125 + 2.3 1920 102 102 110 112 111 112 + 0.5 1921 106 107 119 120 j 121 120 ; 124 : 123 125 130 : 130 129 122 127 121 + 0.1 1920 110 110 1920 114 116 119 ! - 0.3 116 I + 0.9 121 I + 0.7 123 + 0.3 129 + 2.5 131 + 0.9 132 + 0.6 333 + 0.1 1920 116 113 1920 111 110 1913 362 358 128 i 130 ! 132 333 331 ! 332 1913 1913 226 218 205 215 282 251 I - 11.0 180 151 144 145 176 250 I + 42.0 1913 187 161 ; 154 i 156 , 194 Life Insurance. Policies, new: Ordinary Industrial Group Total insurance ...thous. of policies.. .thous. of policies.. number of policies..: thous. of policies.. *Revised. 209 669 104 879 186 950 88 1,137 , 161 572 40 733 598 2,363 170 2,960 706 2,717 325 3,425 13 , + 18.1 I + 15.0 ! + 91.2 I + 15.7 - 15.4 Cumulative for five months ending May. 250 + 29.4 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 detailed tables covering other items, see the last quarterlv issue of the SURVEY (NO. 21). "fcT li 1928.' CUMULATIVE TOTAL THROUGH LATEST MONTH. Corresponding month, March or April, April, 1928. 1922 1922. INDEX NUMBERS. Percentage increase 1923 or decrease BASE YEAR OB cumulative 1923 from PERIOD. 1922 Percentage increase 1923 (+) or decrease Feb. Mar. Apr. BANKING AND Apr. from Mar. Apr. Jan. 310 237 1,053 1,687 307 300 302 217 948 283 411 369 - 10.3 315 221 266 401 + 51.0 687 1,374 2,298 + 67.3 291 377 393 + 4.0 Mar. 1922. FINANCB-Continued. Life Insurance—Continued. Amount of new insurance: Ordinary Industrial Group Total insurance thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. + + 76,681 + 2,490,494 + 541,388 485,874 408,361 1,495,299 1,840,418 137,853 208,105 123,208 470,720 573,394 19,848 33,199 24,379 60,301 699,089 727,179 555,948 2,026,321 1913 23.1 21.8 27.2 22.9 1913 1913 1913 318 256 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.. Indus, and misc. corp thous. of dolls.. Steam railroads .thous. of dolls.. Street railways thous of dolls. New capital issues: Corporations thous. of dolls.. New incorporations thous. of dolls.. Telephone earnings: Total operating revenue.. .thous. of dolls.. Total operating income thous. of dolls.. Telegraph earnings: Commercial telegraph tolls.thous. of dolls.. Telegraph and cable operating rfivfiniift 1913 184 315 162 322 159 217 113 179 126 213 114 227 + + 8.9 1913 245 164 119 191 252 171 - 32.0 + + i» 125,430 + it 37^ 395 + 2.9 3.5 1.2 3.4 1913 124 144 92 162 73 67 83 94 107 106 112 128 112 120 117 65 126 148 93 169 76 70 85 102 200 - 12.6 584 +100.9 1,520 2,167 9,684 6,836 51,492 73,059 291,071 189,723 372,535 253,425 88,275 52,925 •50,976 i» 424,377 « 436,775 56,900 26,950 ! «25,875 i» 221,625 "229,350 23,100 20,975 "123,926 8,275 313,928 • 242,576 i» 1,418,036 i«l,544,125 5,000 ! •20,501 t 4f 601 i» 36,177 1913 40.0 52.6 9.2 39.6 207 425 325 460 461 528 173 407 229 291 34 428 + 12.1 + 36.1 1913 1913 300 244 305 250 326 266 315 362 338 299 22 518 26,717 4- 18 fi 1919 107 102 118 108 126 10 302 28,820 32,923 4- 14 2 1919 1 643 3,568 5 149 + 44.3 1919 102 100 97 78 110 120 100 86 116 108 1913 1913 153 163 74 190 198 199 70 74 79 78 1921 111 111 112 117 117 | 114 - 2.8 4.9 1913 328 440 292 328 \ 373 1 291 - 22.1 773,123 - 12.2 - 63.0 1,037,519 - 34.9 1919 333 76 300 32 - 1919 1919 136 371 77 145 262 • 2 7 4 i 248 264,396 94 81 9.5 9.4 9.5 93 94 94 | 93 \ 92 92 1,458,746 2,959,295 3,117,479 44,324 39 393 114 574 128,482 11,102 9,070 25 292 9,565 8,117 ! 1913 — 1913 1,141,331 792,372 11,699 1 775 1913 9.6 6.4 1913 445,196 thous of dolls 1913 + 27.8 + 5.3 274,425 500,819 1,006,258 thons of dolls ODer&tini? income — 29.4 - 34.8 1,682 48,393 -f A*.^ Stocks a n d Bonds. Stock prices, closing: 116.03 25 industrials, average.... .dolls, per share.. 65.06 25 railroads, average dolls, per share.. Combined index (103 99.29 stocks) dolls, per share.. Stock sales: 25,855 N. Y. Stock Exchange.. .thous. of shares.. Bond sales: Miscellaneous thous. of dolls.. 195,146 66,599 Liberty-Victory thous. of dolls.. Total thous. of dolls.. 261,745 i Bond prices: 81.15 Highest-grade rails, .p. ct. of par, 4% bond.. 67.42 Second-grade rails D ct of t>ar. 4% bond . 6*7.41 Public utility.......p. ct. of par, 4% bond.. 72.25 Industrial p ct of par, 4% bond ! 71.65 Comb, price index. .p. ct. of par, 4% bond.. 98.55 5 Liberty and Victory. .p. ct. of par value.. 16 foreign government 100.78 and city . . . . p. ct. of par value.. Combined index (67 93.11 bonds) p. ct. of par value.. 113.46 63.04 94.59 61.62 96.48 93.53 20,136 30,468 84,781 176,642 264,341 60,351 182,582 236,993 446,923 880,777 713,815 1,594,592 ! 195 - 2 . 2 76 3.1 1 88,893 !+ 81.55 84.60 1915 67.48 66.52 71.44 71.29 98.88 72.20 1915 66.58 1915 73.59 73.69 99.90 1915 1921 94 96 i 88 90 102 ; 104 94 i 96 107 | 107 101.48 102.84 1921 110 • 111 93.81 95.21 65,043 744 9,188 655 71,768 I 511 12,244 | 1,579 ! 1915 26 i 28 ! 85 25 - 77 - 96 96 107 106 90 91 + 0.5 89 89 + 0.1 91 90 — 1.3 102 101 1.1 0.5 93 93 106 ! 106 + 0.3 107 109 109 110 + 0.7 I 1 1 0 I 112 110 110 109 110 + 0.8 48 70 231 21 47 104 618 111 44 49 104 96 158 | 300 18 136 44 + 0.9 101 - 2.4 173 - 42.4 9 - 93.7 ! 93 93 106 105 1 , 1921 271,246 - 4.8 ! +158.4 66,342 - 34.3 ! 20,918 +307.2 I 1913 48 2,975 1913 31 Gold a n d Silver. Gold: Domestic receipts at mint fine ounces.. Rand output thous. of ounces.. Imports thous. of dolls.. j Exports thous. of dolls.. 8 Revised. 64,494 762 15,951 10,392 284,924 1,151 101,042 5,137 631 1913 1913 I 13 « Cumulative for five months ending May. i 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 speciarreasons; detailed tables covering back figures for these items will be found at the endof this bulletin. For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). March, 1923. April, 1923. CUMULATIVE TOTAL THROUGH ! or deLATEST MONTH. i| crease Corresponding month, March or April, 1922. 1922 INDEX NUMBERS. i: Per:centage increase 1923 cumu! lative i 1923 from 1922. BASE YEAR OR PERIOD. 1922 Percentage increase 1923 or decrease Mar. Apr. Jan. Feb. Mar. Apr. ££n Mar. _l_ BANKING AND FINANCE-Continued. Gold a n d Silver—Continued. 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.. I 6,110 4,626 4,732 .676 32.310 6,616 i 3,549 , 4,336 ; 4,139 ! 4,800 j 32.346 ' 5,109 I .666 j . 34.080 i. 4.70 .063 .049 .055 00005 .395 .266 .186 4.66 .0700 .050 .058 .00004 .392 .266 .182 4.41 .092 ; .054 ; .085 ! .003 .379 .260 .194| .485 .316 .487 .314 .841 .111 .127 .832 ' .106 .123 .669 I 16,141 ! 23,035 ! 20,480 I 22,645 j + 40.3 17,792 | , - 22.8 18,180 i - 11.2 1913 1913 1913 1913 1913 110 155 j 90 \ 113 : 117 119 + 8.3 119 - 23.3 83-8.4 112 ~ LO 117 !- 0.1 97 ; 96 96 32 ! 33 I 35 25 25 ! 25 \ 28 I 28 i 31 0.03 0.02 0.02 • 98 98 98 100 99 ; 99 96 \ 97 97 96 - 0.9 35 + 11.1 26 •!+ 2.0 30 j+5.5 0.02 i; 0.0 98 - 0.8 99 0.0 95 ~ 2.2 75 ! 74 233 161 82 i 98 108 | 111 121 124 93 195 132 110 116 85 127 42 108 112 F O R E I G N EXCHANGE R A T E S . Europ«: England dolls, per £ sterling.. France dolls, per franc.. Italy dolls, per lire.. Belgium . .dolls, per franc.. Germany *.dolls, per mark.. Netherlands dolls, per guilder.. Sweden dolls, per krone.. Switzerland dolls, per franc.. Asia: Japan dolls, per yen. .1 India dolls, per rupee.. Americas: Canada dolls, per Can. doll.. Argentina dolls, per gold peso.. Brazil dolls, per milreis.. Chile dolls, per paper peso.. General index foreign exch.index number.. Par Par Par Par Par Par Par Par val. val. val. val. val. val. val. val. 90 47 26 44 2 94 98 101 91 48 28 44 1 94 97 101 Par val. Par val. 95 57 57 98 65 Par Par Par Par Par 97 86 42 58 70 98 84 42 58 72 99 99 88 I 87 35 35 66 61 68 ] 67 I .474 \ .278 .978 .807 .136 .113 val. val. val. val. val. 95 97 65 + 0.4 97 65 l\ 64 - 0.6 98 I 87 j 34 l 65 67 98 \~ 0.1 86 ~ 1-1 33 ; ~ 4-5 63 !~ 3.1 67 0.0 U. S. F O R E I G N TRADE. I m p o r t s by G r a n d Divisions. Europe: Total France Germany Italy United Kingdom North America: Total Canada South America: Total Argentina Asia and Oceania: Total Japan Africa, total Grand total 119 112 63 119 147 thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. 120,987 15,381 14,997 11,008 49,386 85,796 13,025 9,633 5,501 33,332 225 400 35,335 25,757 13,271 80,655 314,379 39,931 39,261 26,259 118,166 39.5 13.0 52.4 97.9 46.5 1913 1913 1913 1913 1913 thous. of dolls.. thous. of dolls.. 115,744 j . 32,705 73,235 25,950 187,465 71,301 263,239 ji+ 40.4 91,592 ; + 28.5 1913 1913 thous. of dolls.. I thous. of dolls.. 53,436 j 13,511 23,745 4,727 71,652 16,149 136,503 + 90.5 36,014 +123.0 1913 1913 144 222 139 251 i 252 323 208 i; 548 ' 508 634 ! + 52.3 + 27.1 + 79.1 + 49.7 1913 1913 1913 1913 239 235 523 171 I 223 I 230 |! 327 145 I + 4.5 I + 6.6 I — 9.4 ! + 64.6 ! + 5.3 1913 1913 1913 1913 1913 144 ; 149| 122; 100 i 148 ! 147 152 172 182 106 1 89 168 j 23G i 147 i 170 ! 12S 10s 83 163 145 132 100 85 196 129 125 174 + 90 ! + 220 + 119 - 335,786 1 + 2 8 . 0 71,124 ! 262,385 43,402 ! 155,782 I 200,848 I •+ 28.9 1913 1913 147 132 I 142 ; 156 i 149 ! 132 129 : 140 ! 181 100 183 + 1.1 160 ! + 0.3 1913 1913 141 ! 150 ! 175 102! 184 ! 201 thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. 97,107 32,685 10, i 398,078 279,411 183,447 88,607 69,717 37,862 21,143 689,106 1,031,394 63,063 19,370 10,339 256,178 + + + |s+ |j+ 91 i 144 I 125 168 93 123 ! 89 133 ' 55 I 90 I 68 98 78 || 186 I 144 239 98 |i 148 I 155 218 ; 225 195 ! 222 ! 232 356 j I 219 , 180 il 258 \ 239 276 | 361 | 331 369 376 302 396 896 472 j 546 221 203 '' 266 Exports by G r a n d Divisions. Europe: Total France Germany Italy United Kingdom North America: Total Canada South America: Total Argentina thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. 164,798 20,475 25,031 12,851 63,630 156,405 22,306 26,290 14,416 58,460 thous. of dolls.. thous. of dolls.. 90,849 53,044 91,827 53,799 thous. of dolls.. thous. of dolls.. 22,943 9,105 22,834 9,2S9 ' 18,366 j 8,411 I ! 183,143 I 22,076 j 31,048 ; 11,028 72,291 641,290 74,940 112,428 32,489 203,402 I 63,514 27,831 670,448 79,858 101,849 53,461 277,231 88,038 i'+ 38.6 37,384 ' ! + 34.3 171 213 S-1 8.0 5.0 13.0 8.1 1S8 187 [ + 0.5 199 1 203 ' + 2.0 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. XOTE.—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 detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 21). U. S. FOREIGN TRADE—Continued. Exports by Grand Divisions—Continued. Asia and Oceania: Total thous. of dolls.. Japan thous. of dolls.. Africa, total thous. of dolls.. Grand total thous. of dolls.. INDEX NUMBERS. 11 Per- Percentage increase i centage !increase March, 1923. Corresponding month, March or April, 1922. April, 1923. CUMULATIVE TOTAL THROUGH ! or deLATEST MONTH. crease 1922 1923 1922 Mar. Apr. 311 438 218 159 359,974 167,037 107,698 83,841 j-f ;+ ,j + ;S+ 1913 1913 1913 1913 137 187 94 126 241,571 11,896 29,742 195,920 248,241 12,098 42,123 190,316 jj + 2.8 ||+ 1.7 ;!+ 41.6 !|— 2.9 1913 1913 1913 1913 120 145 151 37,987 9,463 19,057 9,456 41,136 6,218 26,634 8,258 ! + 8.3 ij- 34.3 ||+ 39.8 ! j - 12.7 1913 1913 1913 1913 1920 80,661 40,097 21,404 18,962 314,303 151,587 88,275 73,557 62,871 j 55,508 3,224 I 3,011 11,717 i! 7,376 40,922 ! 44,336 j 9,200 2,323 4,704 2,168 (+) Jan. Feb. Mar. Apr. i 1913 1913 1913 1913 194,340 73,609 21,024 1,309,636 1923 or decrease + 0.2 ||- 11.9 | + 24.2 ij + 11.2 194,026 83,599 16,795 1,177,918 58,080 : ,539 , 41,874 23,642 18,,939 14,041 ,122 ! 4,493 3,961 7, 341,162 | 325,,727 I! 318,470 cumulative 1923 from 1922. BASE YEAR OR 'ERIOD. 242 270 164 154 241 257 186 162 271 339 204 148 335 454 186 165 274 364 295 157 (-) Apr. from Mar. - 18.1 - 19.9 + 5S.5 -4.5 TRADE AND INDUSTRY OF FOREIGN COUNTRIES. United Kingdom. Imports (values): Total thous. of £ sterling.. Food, drink, tobacco..thous. of £ sterling.. Raw material thous. of £ sterling.. Manufactured articles.thous. of £ sterling.. Exports (values): Total thous. of £ sterling.. Food, drink, tobacco..thous. of £ sterling.. Raw material thous. of £ sterling.. Manufactured articles.thous. of £ sterling.. Reexports (values): Total thous. of £ sterling.. Food, drink, tobacco..thous. of £ sterling.. Raw material thous. of £ sterling.. Manufactured articles.thous. of £ sterling.. Exports of key commodities (quantities): Cotton piece goods thous. of sq. yds.. Woolen and worsted tissues thous. of sq. yds.. Iron and steel thous. of long tons.. Coal thous. oflong tons.. stocks, zinc short tons.. 90,002 40,726 27,732 21,226 86,417 41,772 ; 22,939 i 21,446 | 14.5 10.2 22.0 14.0 I | i | 126 156 190 106 129 91 118 131 127 111 127 129 111 204 94 99 101 175 82 121 140 I 135 168 i 173 |i+ 118 132 133 + 4.0 2.6 17.3 1.0 153 131 139 144 + 3.2 124 105 97 154 114 •I 60,921 2,646 11,564 45,935 9,086 1,639 5,586 1,858 337,906 14,466 309 7, ISO 93S 12,429 ! 1,592 '• 8,618 | 2,207 J! 316,736 i; 302,598 1,198,517 1,398,220 ;+ 16.7 ij 12,982 | 14,002 56,867 ' 67,446 j + 18.6 388 :| 258 1,429 .' + 38.5 1,032 6,841 25.500 |;+ 47.5 4,007 17,333 1,387 I), 795 1920 1913 1913 1920 119 + .21.8 + 1.3 2.1 101 103 199 201 155 129 134 137 + 107 108 100 127 98 123 111 122 105 130 .+ 36.8 120 !- 2.9 162 + 54.3 82 76 90 :+ 18.8 82 108 I 93 91 86 - 64 63 07 27 100 I 80 C->559 - 10.3 94 + 5.1 8 0 I 77 89 92 | 97 I 117 112 - 4.7 2 1 4 6.3 Belgium. Production: Zinc short tons.. 36,860 52,349 ;' + 42.0 1920 127 | » 47,695 32,652 232,844 187,601 293,456 + 26.0 256,396 + 36.7 1913 1913 122 ; 117 142 : 86 194 j 104 209 : 187 1,080 1,740 6,042 10,841 19,487 9,448 \ + 56.4 4,742 - 56.3 28,626 :j + 46.9 1913 1913 1913 106 27 ; 72 I 34 22 1,165 142 127 4,877 234 i+ 64.8 277 1+118.1 4,693 3.8 1913 1913 1913 50 40 49 52 | 77 100 !! + 29.2 34 I 25 55 54 ! 102 107 i;+ 4.5 167 j 150 167 , 133 149 157 '!+ 5.7 7,125 10,935 5,550 10,500 || 118,000 4,493 | 17,925 3,225 | 6,475 141,620 33,594 26,838 26,075 | - 81.6 56,997 |+ 69.7 48,406 : |+ 80.4 1913 1913 1913 51 2,668 191 ; 0 29 | 186 165 266 158 i 105 219 I 423 37,820 31,827 42,144 30,655 121,722 76,226 120,817 - 0.7 96,154 \ + 26.1 1920 1920 I 101 | 76 i 83 77 15,005 12,636 16,319 9,182 38,76S 27,302 32.557 - - 16.0 42,518 + 55.7 1920 1920 54 ! 71 139 I 112 218 235 49 192 83,731 82,924 8,726 61,453 329,416 334,527 398,835 + 21.1 391,197 + 17.0 128 295,079 359,012 + 21.7 1919 1919 1919 1919 137 134 I 85 | 153 158 154 100 2C6 14,319 13, 791 * 91,881 77,787 68,181 54,328 2,271 562 6,614 1,979 610 5,143 65 89 1,152 S4 9,359 | 121 152 j 161 178 I- 3.7 Canada. Total trade: Imports thous. of dolls.. Exports thous. of dolls.. Exports of key commodities (quantities): Canned salmon thous. of pounds.. Cheese thous. of pounds.. Wheat thous. of bushs.. Production: Pig iron thous. of long tons.. Steel ingots thous. of long tons.. Bank clearings mills, of dolls.. Bond issues: Govt. and provincial thous. of dolls.. Municipal thous. of dolls.. Corporation thous. of dolls.. Employment: Applications number.. Vacancies number.. PlacementsRegular number.. Casual number.. Newsprint paper: Production short tons. Shipments short tons. Stocks short tons. Exports (total printing) short tons. a Revised. 106,361 104,496 12,639 113,450 93 1,218 100,742 ; 100,874 12,338 i 78,378 129 63 172 122 |- 25.8 173 I'- 30.2 164 248 129 | 113 I;— 12.9 5 t!+ 8.5 85 j 61 :!- 22.2 1 2 7 • 168 24 ; 116 I 111 124 122 69 111 || !| i; !i 148 '; 140 | 92 I 150 I 39 161 237 + 47.4 113 j 47 |- 58.9 90 I 52 v- 41.9 91 79 ! ! \ \ 1 150 |- 5.3 149 j - 3.5 98 \ - 2.4 142 - 30.9 45 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 detailed tables covering other items, see the last quarterly issue of the SURVEY ( N O . 21). March, 1923. April, 1923. Corresponding month, March or April, 1922. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1922 I N D E X NUMBERS. Per- I centage increase 1923 ( } t i or de- I crease (-) cumulative 1923 from 1922. BASE YEAR OR PERIOD. 1922 Percentage increase ( 1923 V Mar. Apr. Jan. Feb. Mar. Apr. or decrease (-) Apr. from Mar. TRADE AND INDUSTRY OF FOREIGN COUNTRIES—Continued. Canada—Continued. Business failures: Firms Liabilities.: Building contracts awarded number.. thous. of dolls.. thous. of dolls..! 283 5,134 19,955 231 4,386 30,844 1,068 21,839 62,005 1,171 + 9.6 21,083 3.5 73,952 + 19.3 1913 4,400 29,428 thous. of bushs..i thous. of bushs..' thous. of bushs.. • thous. of bushs.. \ 18,661 1,956 3,177 7,403 17,773 2,629 1,374 6,280 18,852 3,398 1,789 2,271 73,195 21,274 10,955 10,132 66,222 22,369 16,824 26,763 thous. of bushs.. j thous. of bushs..! 7,400 4,000 8,510 4,800 7,400 2,800 207 j 1913 139 320 42 136 317 92 217 436 31 215 397 42 186 370 62 152 - 18.4 316 - 14.6 96 + 54.6 1913 1913 1913 1913 321 28 50 80 219 22 35 68 134 85 122 205 212 28 118 187 217 12 62 222 206 17 27 188 1913 1914 186 286 385 172 275 200 357 329 + 15.0 549 i 659 + 20.0 1913 Argentina. Grain shipments: Wheat Corn. Oats Flaxseed Visible supply: Wheat Flaxseed - 9.5 + 5.1 + 53.6 +164.1 -4.8 j+ 34.4 - 56.8 - 15.2 46 BANKING AND FINANCE. NUMERICAL DATA. From Government and non-Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] AGRICULTURAL LOANS. War Finance Corporation.* Total 3 Federal Jointfarm- t$tock« by loan land land YEAR AND MONTH. With banks and live- With cooperative mar-1! stock loan companies.* keting associations. banks. banks. banks, NEW CORPORATE BOND ISSUES. AdRevance- pay- i Balments. ments. ance. Loans closed. ! AdRe- B a l _ vance- pay- j " * ' ments. ments.- a n c e * Railroads. Public utilities. Industrial corporations. • ReNew capital. funding. ReNew capital. fundIng. ReNew capital. fundIng. Thousands of dollars. 1917 monthly 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average.. average.. average.. average.. average.. average.. S3,259 10,526 15,937 7,883 8,364 30,235 $3,259 11,614 6,071 7,586 18,678 $701 4,323 1,812 778 11,557 1920. May June July.... August. 1,748 6,605 7,038 2,478 1,191 6,312 6,743 2,478 557 293 295 None. September October November December 3,124 | 1,187 | 1,160 i 868 i 3,124 1,187 786 None. None. ! 374 177 1921. January February March April 387 438 604 561 $14,060 { $8,862 I $166,969 ;! $1,708 $8,314 25,198 28,056 38,707 $1,391 j $7,082 $2,933 4,500 25,152 10,394 64,333 ! 9,000 61,325 ; None. None. None. 10,000 15,000 ! j j ! | None. None. |i 33,757 5,000 4,500 | 25,000 4,500 | None. ! $4,729 1,504 10,269 16,777 $9,754 16,667 29,165 35,923 $10,608 24,906 24,163 26,232 $943 2,730 3,138 6,383 16,160 840 6,775 None. 11,540 960 j 12,020 3,000 116 14,785 1,300 I 7,009 11,420 ; None, j 19,300 None. 1,398 40,249 500 28,075 9,250 2,900 36,604 ; 8,993 35,475 93,850 27,850 26,896 None. None. None. None. 355 279 411 213 32 159 193 348 22,846 30,350 None. 18,453 50,510 15,495 None. 217,227 48,722 20,313 15,475 21,424 3,072 7,377 3,500 1,500 33,904 10,436 26,627 1,500 22,560 1,400 31,645 650 1,958 6,129 9,204 12,506 468 577 128 400 12,196 8,000 25,600 None. None. 6,987 None. 1,500 29,170 9,180 30,741 29,450 11,780 70 9,800 3,611 17,673 10,929 15,450 10,600 133,020 None. 8,454 77,751 None. None. 5,655 4,449 8,909 22,716 98,640 16,236 ! 28,108 14,737 10,432 29,244 16,700 8,000 15,575 None. 13,640 2,200 74,656 1,750 11,218 17,733 40,902 25,628 13,300 18,575 5,395 26,567 8,875 29,060 10,250 35,192 4,858 38,000 4,990 126,888 ! 15,746 52,510 i 17,459 19,791 22,209 10,971 470 33,418 18,757 23,936 8,074 31,806 9,144 14,459 4,641 May June July August 2,426 j 6,706 ! 9,332 : 12,906 September October November December 11,840 j 14,050 j 17,263 32,877 11,407 13,300 15,054 29,238 750 1,716 2,209 j 28,108 3,639 44,988 1922. January February March April ! 23,215 | 27,100 ! 31,036 j 32,953 I 18,192 18,527 22,249 18,208 5,023 8,573 8,787 14,745 May June July August 32,597 ] 19,464 18,077 27,747 16,549 26,260 17,605 29,239 2,428 6,443 600 2,250 i September October November December 1923. January February March April May.. June.. 32,670 j 41,358 37,410 40,486 17,967 19,478 18,399 19,585 21,501 17,486 18,916 15,942 1,716 29,720 74,365 640 2,987 4,521 2 172 641 3,625 7,975 44,324 34,357 37,107 17,967 1,596 117,093 2,730 i 148,720 6,648 | 179,179 7,372 189,775 1,759 975 477 278 189 497 3,424 2,573 9,545 10,023 7,076 4,782 84,629 26,021 70,684 103,756 27,643 18,800 15,383 11,945 13,133 9,670 9,711 11,634 15,129 6,714 4,232 3,166 10,625 ! 194,279 8,231 I 192,762 8,181 j 188,813 11,926 180,053 4,209 13 None. 700 2,084 1,066 980 630 6,906 5,852 4,872 4,942 19,543 64,511 23,825 4,879 None. 750 33,702 None. 14,703 21,880 19,011 20,901 1,139 103; 343 ! | ; I j 1,867 1,815 9,048 15,307 13,261 11,416 172,143 157,733 146,339 136,737 112 880 6,336 4,759 326 4,728 .450 ! 5,158 2,173 ! 9,321 2,303 ! 11,777 30,637 10,625 3,505 21,872 None. 4,500 4,000 8,000 29,085 59,512 20,241 16,605 22,500 18,240 None. 28,852 ! 34,303 12,297 27,822 25,384 2,591 2,430 22,106 3,346 2,026 1,996 1,213 13,011 9,268 9,480 7,153 127,072 119,830 112,346 106,406 1,607 1,212 12,172 300 j 1,865 10,609 8,907 329 | 2,029 5,089 1,469 12,528 50,802 32,555 56,300 27,061 4,000 9,903 10,000 None. 66,940 47,082 63,683 28,860 44,833 2,855 13,132 31,800 897 167,149 49,601 31,410 5,805 45,890 250 40,273 3,872 15,910 See footnotes on opposite page also. <6 Advances for "Agricultural and live-stock purposes" under the agricultural credits act of August 24,1921. Loans to banks and live-stock associations were combined because of their parallel trend. Cooperative Marketing Association figures could not well be combined of because of their opposite movement. • Represents bond issues of the following industries combined: Iron, steel, coal, copper, equipment, manufacturers, motors and accessories, and miscellaneous industrial and manufacturing companies. 47 BANKING AND FINANCE. INDEX NUMBERS. From Government and non-Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] AGRICULTURAL LOANS. Total Federal by land farmloan banks. banks. Jointstock land banks. YEAR AND MONTH. 1917 monthly average.. 1918 monthly average.. 1919 monthly average.. 1920 monthly average.. 1921 monthly average.. 1922 monthly average. NEW CORPORATE BOND ISSUES. 4 War Finance Corporation. With banks and live-stock loan companies.^ Loans closed. AdAdReReBalBal- vance- payvanceance. pay- ance. ments. ments. ments, ments Relative to 1919. Relative to 1922. 20 66 100 49 52 190 85 16 1OO 1OO 52 40 65 18 161 268 10 13 7 7 None. 100 100 Railroads. With cooperative marketing associations. 100 100 New Recapi- fundtal. ing. Public utilities. New I Industrial 0 corporations. ReNew Refund- ! capl- funding. | i tal. ing. It Relative to 1919. i 100 100 100 303 337 466 100 153 858 354 100 171 299 368 774 307 166 100 |l 100 100 32 || 235 217 || 228 333 355 I! 247 677 64 113 66 182 m 318 12 (2) 334 885 (2) 1920. May June July August 11 41 44 16 September.. October November.. December.. 20 27 7 10 7 7 9 54 852 95 5 6 4 54 (*) 375 18 20 27 (') 30 11 61 190 2 3 1 275 1,722 3 2 4 365 528 4 4 4 4 2 8 .1 222 7,406 500 208 159 220 15 17 11 . 147 •!; .!; (*) 238 308 299 84 315 302 54 58 21 118 738 152 None. None. 120 511 406 170 117 413 288 (•) 263 254 (5) (*) 65 156 74 32 320 1,107 251 159 213 148 298 69 249 1 207 76 167 257 103 683 1921. January— February... March April May June July August September.. October November.. December.. 42 53 13 59 79 3 81 108 9 96 51 74 98 10 88 115 17 12 I 1,600 1 34 108 130 51 200 1 18 160 206 253 84 320 4 45 243 146 157 116 315 18 70 170 160 198 244 31 89 195 192 203 264 75 207 157 341 128 83 146 64 100 239 (2) 91 | 594 157 848 (3) 233 ! 312 147 (2) 193 ji 1 , 0 1 1 i 221 129 233 152 I 618 704 186 51 102 12 113 I 935 94 14 135 11 1,018 I 942 52 36 142 ji 313 | 641 182 ! 393 274 107 26 246 100 I 850 ! 524 419 j 114 332 515 114 15 185 407 263 ; 562 358 529 116 226 150 166 1922. January February... March April 68 |j 1,248 115 281 84 1,087 May June July August 205 168 304 108 120 |i 1,301 333 315 \ 1,989 174 156 224 48 93 115 ! 77 83 776 26 538 369 226 856 165 142 225 30 92 113 70 69 287 1,149 203 470 300 970 183 152 269 23 135 108 38 45 70 59 112 10 136 492 i September.. October November.. December.. 205 155 340 102 103 6 23 67 368 260 168 506 173 94 47 32 73 128 235 158 440 13 150 340 156 132 254 169 483 13 129 255 166 166 235 (») 298 476 172 ! 153 610 610 323 I 1,304 (») 42 136 208 588 239 ! 263 273 170 51 208 105 275 1923. January... February.. March April May June 185 24 147 76 87 172 611 136 948 1,576 I 5,260 151 14 105 72 16 134 150 392 338 483 60 296 616 163 14 107 67 18 146 126 677 341 653 278 433 27 81 64 273 106 177 446 None 296 672 380 411 137 ! 137 See footnotes on opposite page also. Data on loans closed by joint-stock banks and Federal farm-loan banks from the Federal Farm Loan Board; other agricultural loans from the War Finance Corporation;3 new corporate bond issues are compiled by the Commercial and Financial Chronicle. Index number less than 1. * These data represent loans for agricultural development secured by mortgages on land and buildings. For detailed information as to organization and operations of the Federal Farm Loan Board see the first "Annual Report" of the board, Document No. 714, and subsequent "Annual Reports" of the board. The banks were closed during the greater part of 1920, pending litigation in the Supreme Court involving the constitutionality of the Federal farm-loan act. When operations were resumed the banks were flooded with loan requests, many of which could not be granted because the cessation of bond selling had depleted the resources. These facts will account for the diminished figures of 1920 and 1921. 1 48 MISCELLANEOUS. INDEX NUMBERS. Based on data from Government and commercial sources.1 [Base year in bold-faced type; numerical data on opposite page.] EMPLOYMENT. I M M I G R A T I O N AND EMIGRATION. United States citizens. Y E A R AND M O N T H . Arrivals. Depart- Passports issued.2 1913 m o n t h l y a v e r a g e . . 100 1914 m o n t h l y a v e r a g e . . 94 1915 m o n t h l y a v e r a g e . 41 30 1916 m o n t h l y a v e r a g e . . 46 34 99 1917 monthly a v e r a g e . . 33 47 1918 m o n t h l y a v e r a g e . . 27 44 69 78 99 1920 m o n t h l y a v e r a g e . . 1921 m o n t h l y a v e r a g e . . 1922 monthly a v e r a g e . . PLUMBING F I X i TURES. ! TIN.4 Stocks. Total at On Lake furnaces At Erie and on Lake Erie furnaces. docks. docks. Relative to 1914. Relative to 1913. 1919 m o n t h l y a v e r a g e . . Average weekly earnings, New York State factories. LAKE SUPERIOR IRON ORE. Consumption^ Relative to 1921. Domestic consumption. World visible supply. Relative to 1913. SCHULTE CIGAR STORE SALES. Relative to 1919. 1OO 1OO 160 103 116 131 86 111 128 132 120 123 150 152 93 242 188 133 112 41 418 188 74 104 1OO 226 116 59 159 131 191 161 183 204 43 158 44 154 138 130 127 34 44 42 91 148 145 164 161 175 171 204 171 190 174 255 100 82 100 87 70 78 81 587 587 100 101 1OO 105 1OO 92 1OO 165 100 92 73 57 42 43 37 30 33 206 1OO 201 159 Wholesale priced Relative to 1913. 100.0 1921. January... February. March April 53 50 62 74 80 37 71 59 221 113 113 113 215 103 102 107 216 96 94 103 210 91 918 777 564 481 207 204 91 99 107 116 118 99 104 109 | 114 425 385 373 366 201 197 195 200 124 128 126 118 126 132 132 123 119 119 111 104 64 71 61 89 101 101 99 95 86 62 62 76 76 117 88 165 137 212 202 181 178 163 162 189 192 64 130 140 126 114 185 190 174 195 197 193 203 205 185 226 589 577 792 801 43 46 66 63 66 107 73 111 112 September October November December 1922. January February March April 147 92 61 59 120 49 71 89 81 52 63 70 87 373 383 775 1,125 196 194 197 194 110 102 92 82 113 104 92 81 May...June July August.. 81 78 91 128 99 117 176 71 1,251 930 486 391 197 200 198 201 76 83 102 123 74 84 107 133 80 83 90 99 September October November December 223 62 344 206 147 111 74 141 65 323 205 155 118 100 86 51 322 209 153 122 109 68 52 338 211 137 145 144 131 137 114 120 138 153 132 133 64 54 439 210 116 120 104 124 82 71 282 207 100 101 97 116 106 65 539 216 83 82 136 100 64 828 1,171 May..-. June July..-. August. 95 86 61 206 202 97 107 54 189 184 162 186 187 178 180 182 185 204 204 210 201 305 181 208 169 203 181 199 216 185 179 198 189 238 229 221 165 179 1923. January February March April May.. June. 181.9 184.3 186.2 192.1 49 MISCELLANEOUS. NUMERICAL DATA. From Government and commercial sources.1 [Base year in bold-faced type; index numbers on opposite page.] IMMIGRATION AND EMIGRATION. United States citizens. Passports issued. 2 YEAR AND MONTH. Departures. I Arrivals. Number. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly average average average average average 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly average. average average average average EMPLOYMENT. LAKE SUPERIOR IRON ORE. Average Stocks. weekly earnings, Total at New York furnaces furand on At State Lake Erie naces. factodocks. Consumption^ Thousands of tons. Dollars. 24,600 30,069 23,238 24,580 10,161 | 8,954 11,208 | 10,321 8,187 ! 14,161 On Lake Erie docks. PLUMBING FIXTURES. TIN.* Domestic con- World visible sump- supply. tion. Long tons. SCHULTE CIGAR STORE SALES. Dollars. 1,954 1,693 1,093 1,927 3,135 $12.48 12.85 14.43 16.37 3,658 3,475 4,063 4,685 4,823 12,377 14,907 15,208 18,585 18,803 13,894 12,890 19,726 19,697 23,649 $671,532 1,084,408 1,230,376 1,370,056 $66.70 6,564 10,839 17,038 19,272 24,296 27,909 12,247 21,102 23,340 24,209 4,735 8,163 13,374 11,474 11,463 23.50 23.50 28.15 25.72 25.04 33,330 33,751 24,512 25,642 8,818 8,109 2,030 3,355 4,862 2,692 4,260 2,160 4,788 1921. January... February. March April 13,071 15,346 19,715 17,546 15,041 22,362 11,164 17,708 11,503 11,267 15,477 15,653 27.61 26.77 26.97 26.20 34,445 31,528 29,291 27,595 25,228 22,829 20,911 19,502 9,217 8,380 8,094 3,702 2,948 2,291 1,675 1,555 1,585 1,683 1,590 18,994 17,074 16,073 15,670 1,061,057 1,090,745 1,246,275 1,259,020 May June July August.. 16,234 16,240 17,841 27,313 18,868 32,202 33,566 28, 549 17,939 15,177 11,024 9,389 25.86 25.71 25.26 25.43 27,840 30,066 32,629 35,487 19,756 21,649 23,788 26,201 8,084 8,418 8,841 9,285 1,723 1,470 1,195 1,322 1,225 1,590 1,525 3,320 18,352 17,968 20,316 19,858 1,176,757 1,196,381 1,205,062 1,224,775 September October November December 1922. January February March April 36,130 22,518 14,910 14,399 35,953 25,868 18,414 20,385 8,314 7,517 7,280 7,145 25.07 24.53 24.32 24.91 37,747 39,071 38,369 35,896 28,086 29,399 29,337 27,461 9,661 9,672 9,033 8,434 1,431 1,833 2,188 2,577 2,605 2,230 3,250 3,710 21,189 23,349 22,806 25,220 1,149,393 1,273,080 1,165,895 1,715,073 12,057 17,573 21,884 19,889 15,519 19,031 20,993 26,197 7,281 7,465 15,142 21,979 24.43 24.17 24.57 24.15 33,481 31,206 28,151 25,092 25,257 23,148 20,470 18,103 8,223 8,058 7,681 6,989 2,493 2,500 3,057 3,059 4,275 3,215 6,030 4,995 26,216 25,047 22,353 22,017 1,096,501 1,091,092 1,267,517 1,287,960 May June. July August 19,837 19,212 22,279 31, 407 29,643 35,329 53,069 21,364 24,448 18,179 9,503 7,637 24.59 24.91 24.77 25.10 23,025 25,447 31,127 37,630 16,532 18,693 23,830 29,566 6,493 6,754 7,297 8,064 3,294 3,441 3,583 2,589 4,740 5,130 4,590 4,150 22,910 23,566 21,502 24,176 1,321,012 1,296,293 1,360,308 1,373,987 September October November December 1923. 54,7m 34,67S 21,2-51 16,720 18,668 19,54fi 15,354 15,761 6,723 6,309 6,288 6,597 25.71 25.61 26.04 26.39 41,805 44,181 44,004 39,866 32,777 34,595 34,105 30,632 9,029 9,586 9,899 9,234 2,990 4,012 4,381 4,845 5,050 5,603 4,812 4,870 22,879 22,902 25,286 24,930 1,516,355 1,369,185 1,411,784 2,048,679 15, 645 20, 217 6,990 5,508 26 21 25 87 181 16, 120 21, 2.57 19, 583 10,524 26 92 35,151 30,519 25,121 26,684 22,601 18,496 8,467 7,918 6,625 4,999 4,671 5,473 24, 563 19, 209 16,170 27 00 6,625 6,1.85 6,634 6,775 25,765 25,157 24,622 22,116 1,331,383 1,269,492 1,600,757 1,538,546 22,885 27.63 6,035 22,187 February March April May ...j I | J June i Wholesale price.* 121 32 122 95 124 20 128.17 1 Data on immigration and emigration compiled by the XI. S. Department of State, Division of Passport Control; New York employment from the New York State Department of Labor; Great Lakes movement of iron ore is from the Lake Superior Iron Ore Association; consumption and visible supply of tin from the American Metal Market. Schulte cigar store sales from A. Schulte (Inc.). Wholesale price of plumbing fixtures is an average from 13 firms reporting to the U. S. Department of Commerce, Bureau of the Cemus. 2 Passports are not required of American citizens for travel in the following countries: Bahamas; Bermuda; Canada; Cuba; Dominican Republic; Honduras; Jamaica, when the person is a tourist or winter visitor; Newfoundland; Paraguay; St. Pierre-Miqueion; Trinidad. Passports are not required for direct travel from the United States to Mexico; they are required of Americans who enter Mexico via a third country. 3 Furnaces reporting vary in number from 319 to 341. Beginning with June, 1922, reports from 15 Canadian furnaces are included. 4 Figures on consumption of tin represent withdrawals from warehouses; world visible supply includes stocks in United States, Europe, and afloat. 5 Represents average of 13 reports of combined net selling prices to retailers, without freight,'on the following competitive fixtures: Bathtub, washstand, water-closet, siuk, two-part cement laundry tub, and 30-gallon range boiler. 50832°—23 4 50 WORLD PRODUCTION OF COTTON.* Country World total. New crop available Peru. United States. Mexico. June. August. August. 1 India. Egypt. Brazil. November. September. September. Thousands of bales (478 pounds net). Normal consumption 1909-1913) 1909-1913 average 1914 1915 1916 1917 1918 1919 3,584 4,356 3,126 3,756 322 1,453 387 1,337 11 302 135 12,041 11,421 13,440 7,954 203 106 129 113 127 13,033 16,135 11,192 11,459 18,370 125 18,580 129 155 164 157 19,925 20,940 1920 1921 193 108 95 103 20,660 24,630 18,470 18,970 15,330 199 188 i 126 282 980 281 1,048 3,390 345 1,304 3,324 4,850 3,013 3,735 339 384 451 612 999 1,155 1,251 902 4,348 553 1,015 j 1922 latest estimates 1923, latest estimates 17 795 9 762 1 1 t i From private sources. 2 ! 115 ' i 21922 acreage 12,496,000 c o m p a r e d w i t h 11,9,76,000 i n 1921. WORLD PRODUCTION OF WHEAT * World total. Country \ New crop available Argentina. Australia. India. January. January. March United States. Spain. Italy. France, j Germany. Rumania. Canada. Millions of bushels. i Normal consumption 64 37 301 531 3,577 3,586 157 114 85 103 351 312 687 1915 1916 4,199 12,609 169 173 377 323 1917 i 2,288 25 179 152 282 037 115 76 46 146 370 280 377 250 921 968 833 814 128 109 366 425 856 (1900-1913) 1909-1913 averaee 1914 1Q18 1919 1920 1921 . . . 1922, latest estimates ... . 1923, latest estimates . 1 I 184 172 214 170 i 2,804 » 2,743 i 2,868 13,069 13,107 80 | 181 194 I : 891 1,026 361 221 34 116 152 177 140 317 283 223 205 135 146 142 2 110 2 82 87 49 89 78 197 161 394 263 234 145 183 170 141 194 226 2 187 4 237 «323 2 86 2 80 «S3 < 108 3 18 '66 4 70 4 76 1R9 193 263 301 125 162 «243 <76 <S3 400 136 ' • 636 ! 130 116 139 152 143 136 129 183 | 170 I 171 j ! r 4 Russia excluded. No accurate statistics are available. New boundaries. 5 *3 Excludes Alsace-Lorraine. Former kingdom, Bessarabia and Bukowina. Excludes Dobruja. 1 k Data.\ compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with inform; t a v alatest i l a b l e available inform;1, tion rec , (ion received hich crops are h a r v e s t e d'. by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in whic* "" 51 WORLD PRODUCTION OF CANE SUGAR AND FLAXSEED.* CANE S U G A R . World YEAR. FLAXSEED. BraziI - | Hawaii - £?co? j Cuba- Java. Indla - Argentina. World total. Oct. Oct. Nov. Dec. Dec. Jan. Dec. Thousands of short tons. ; 1922 latest estimates 1923 latest estimates 1 United States. Canada. * total. May. 1909-1913 average 1914 1915 1916 1917 1918 1919 1920 1921 lIT n ldl Il |aa 9,971 11,293 12,776 13,442 14/50S 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 14,864 1,993 4 295 645 577 600 556 522 522 2,295 2,967 3,437 3,442 3,957 4,597 4,209 4,408 3 4.476 2,614 2,757 2,950 3,058 3,708 .2,617 3,361 2,826 2,911 3 592 3 393 34,183 33,347 567 646 593 3 532 2 3 Exports. 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 ; 32,272 I 46,297 17,360 110,992 94,559 103,287 82,151 41,063 61,821 61,692 87,964 83,288 : Louisiana and Texas. 4 From private sources. Aug. Nethermany. Slovakia. Russia. Poland. lands, 19,505 12,040 7,175 13,749 10,628 14,030 8,260 14,296 9,164 5,935 6,055 13,369 5,473 7,256 10,774 7,998 8,029 j 4,112 , 12,238 | 3,685 Louisiana and Texas. WORLD PRODUCTION OF BEET SUGAR* | World U n i t e d i GerCzechototaU ij States. ! Aug. Thousands of bushels. 363 346 484 503 454 406 485 490 408 2 38 344 486 413 493 440 496 580 676 Apr. Belgium. Spain. JStSC Sweden, YEAR. Thousands of short tons. 1909-1913 average 1914 1915 1916 1917 1918 1919 1920 1921 610 722 374 821 765 761 726 8,432 8,331 6,056 I j 1 | 5,208 4,592 3,490 4,997 5,570 2 5,673 1922 latest estimates. 1923 latest estimates. 1 ! 4 1,089 1,074 4 711 2,296 2,721 1,678 1,721 1,726 1,484 SOS 1,212 1,429 1,017 1,004 812 805 5S4 6S8 559 770 720 1,726 1,879 1,824 1,457 1,134 318 86 55 55 279 1,635 2 799 2 3 217 239 293 263 249 108 195 19S 246 316 264 286 215 182 263 314 421 276 215 120 140 136 78 152 268 325 3 292 2 319 2 302 759 334 150 204 221 121 171 370 <315 | 4 496 209 166 166 160 162 120 185 150 244 116 112 117 139 154 169 91 104 151 128 168 143 124 149* 156 149 168 158 2 291 2 190 2 102 154 170 140 151 144 141 141 181 259 3 Crops in all countries here given are harvested beginning in September. From private sources. 4 Includes Ukraine; data from private sources. Refined sugar in terms of raw on the basis of 95 per c?nt of the raw. WORLD PRODUCTION OF RICE.* Country World total.; New crop available. India. Apr. United States. Egypt. j Apr. j Aug. i Italy. Spain. Japan. Sept. Sept. Nov. Indies. Pines< 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.. 67,891 110,7S0 102,986 114,500 112,300 122,000 97,400 117,200 90,777 120,797 14,602 375 72,950 61,022 73,526 77,932 SI, 19S 55,21S 71,613 62,793 74,437 553 81 542 237 487 692 607 634 472 481 657 804 1,135 965 1,072 1,166 1,446 1,045 646 741 7G3 708 716 712 662 997 641 297 337 320 329 322 282 412 394 356 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 2 33 1,166 »633 373 19,067 6,451 2,517 7,349 7,826 1 2 3 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 b y the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested. 52 PATENTS GRANTED—INTERNAL-COMBUSTION ENGINES.1 MONTH. 1913 ' 1914 1915 1916 1917 1918 1919 1920 1921 1922 Januarv 37 35 62 63 75 64 60 50 44 57 February 30 60 87 82 61 61 59 69 46 51 March 32 62 80 62 61 62 46 92 77 58 April . . . . 40 60 65 61 60 81 83 58 72 60 May 27 62 67 60 86 67 49 75 77 63 June 48 86 68 57 83 50 64 88 34 35 July 56 71 65 74 85 70 77 71 35 41 August 38 72 77 54 62 46 53 60 49 53 35 44 69 58 45 34 53 70 67 46 October 53 48 70 56 57 76 75 61 54 65 November 46 81 81 50 90 46 59 100 64 30 December 68 73 76 60 75 68 84 81 67 39 519 779 856 724 829 744 779 872 665 587 September .. Total number 1 Data compiled from the official records on file in the JJ. S. Department of the Interior, U. S. Patent Office, Division of Publications. as patents are granted on Tuesdays only, the number of patents shown for a given month represents the total of either 4 or 5 Tuesdays. ' I t should be noted that inasmuch INDEX NUMBERS OF CONSTRUCTION COSTS.1 MONTH. 1914 1915 1916 1917 1918 1919 1920 January 89.2 87.1 130.5 167.8 184.5 198.1 February 89.2 87.4 134.5 167.8 184.5 201. 5 March 89.0 87.7 143.0 175.7 184.5 198.1 240.9 April 88.0 90.2 147.3 183.4 186.0 191.3 265.2 May 88.6 90.2 148.9 187.6 186.0 191.3 | June 87.9 89.0 146.5 199.3 186.3 191.9 1 July 88.1 90.5 145.8 204.0 188.7 193.7 265.7 August... 90.1 91.8 146.6 198.4 193.9 196.7 September 90.4 93.0 149.6 190.3 193.9 202.9 October 88.5 96.2 152.9 167.1 193.9 202.3 November 87.3 101.1 155.7 166.5 193.6 206.9 255.3 December 86.5 107.1 167.2 167.1 194.8 206.9 251.6 88.6 92.6 147.4 181.2 189.2 198.4 251.3 Average 206.6 ; ; i 225.1 1921 1922 230.9 168.7 230.7 168.7 1 224.3 162.0 ! 213.1 164.7 268.9 210.8 164.6 273.8 209.8 166.6 169.7 252.0 203.8 193.1 255.2 188.3 185.0 255.2 182.6 188.6 166.3 1SS.6 167.8 192.6 201. S 174.5 i 173.4 i Compiled by the Engineering News-Record. The index numbers are based on the costs of steel (structural shapes, Pittsburgh base), cement (f. o. b . Chicago, exclusive of bags), lumber (Southern pine, New York base), and the average rates paid common labor in the building industry as obtained from the prevailing rates in 20 representative cities. From 1913 to 1920, inclusive, the rates paid common labor in the steel industry were used. The prices are weighted on the basis of the total production of steel, cement, and lumbar, and th9 total supply of common labor as follows: Steel, 37.50 per cent; cement, 7.14 per cent; lumber, 17.10 per cent; and labor, 3S per cent. 53 SOURCES OF DATA. CURRENT PUBLICATION.1 DATE OF PUBLICATION. I.—RFPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN. AUSTRALIAN COMMONWEALTH'S BUREAU OF CENSUS AND STATISTICS. BANK OF JAPAN BRITISH BOARD OF TRADE CANADIAN DEPARTMENT OF L A B O R . . . CANADIAN DEPARTMENT OF TRADE AND COMMERCE. 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 RICHMOND. FEDERAL RESERVE FRANCISCO. BANK OF SAN FEDERAL RESERVE BOARD.. Price index for Australia Federal Reserve Bulletin Price 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 Federal Reserve District. Savings deposits in Seventh Federal Reserve District. Agricultural pumps Savings deposits in Fourth Federal Reserve District. Wholesale trade Wholesale trade Federal Reserve Bulletin Second week of month. British Board of Trade Journal Labour Gazette (Canadian) | Monthly. Employment j Semimonthly. Employment Semimonthly. Foreign trade of Canada : Monthly. Operating Revenues, etc., of Railways *... Monthly. Press releases * i Not published Business Conditions j Monthly. Monthly Review „ Monthly. Reserve Reserve Business and Financial Conditions Monthly. Business and Financial Conditions Business and Agricultural Conditions Business and Agricultural Conditions Business Conditions Business Conditions Federal Reserve Bulletin Federal Reserve Bulletin and weekly press releases.* I Federal Reserve Bulletin and weekly press releases.* j| Federal Reserve Bulletin and weekly press releases* ! Federal Reserve Bulletin ! Monthly. Monthly. Reserve Reserve Condition of Federal reserve banks Condition of reporting member banks FEDERAL TRADE COMMISSION.. FRENCH MINISTRY OF LABOR AND 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. j Monthly. Business Conditions Business Review Business Conditions Business Conditions Federal Reserve Bulletin and daily statement.* Monthly Review Foreign exchange rates and index Savings deposits in Second Federal District. Savings deposits in Third Federal District. Wholesale trade Savings deposits in Fifth Federal District. Wholesale trade Savings deposits in Twelfth Federal District. Wholesale trade Foreign exchange index numbers Debits to individual accounts Business Conditions Second week of month. Money held outside U. S. Treasury and Federal reserve system to July 1,1922. Wholesale price index numbers Department store trade: in cooperation with National Retail Dry Goods Association. Index numbers of department store, mailorder, and chain store trade. Barley and rye receipts Sales of loose leaf tobacco Index of ocean freight rates Index numbers of production Wholesale trade Paper and wood pulp production, prices, etc.. Price index for France 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 New York State factory employment and earnings. New York State canal traffic Monthly. Monthly. Monthly. Monthly. Daily and monthly. Monthly. Federal Reserve Bulletin.. Federal Reserve Bulletin.. Monthly. Monthly (second week of month). Sunday newspapers and monthly. Friday morning newspapers and monthly. Friday afternoon newspapers and monthly. Monthly. Monthly. Monthly. Federal Reserve Bulletin Federal Reserve Bulletin. Federal Reserve Bulletin.. Federal Reserve Bulletin.. Federal Reserve Bulletin.. Federal Reserve Bulletin.. Monthly press releases *... Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. j Monthly. ; Newsprint, 20th to 25th of the month ; other paper and wood pulp, 1st of i following month. Bulletin de la Statisque Generate I The Employment Bulletin ! Federal Bulletin ™-j—* *Reserve *..*,-*.*I Preliminary statement of operations of Class I roads. | Not published Not published Not published Not published Monthly. Second « . . . „ . week _ . of month. Monthly. Labor Market Bulletin and press rel< Monthly. Annual report Yearly. Last weekly issue of month. | Semimonthly. Last weekly issue of month or first of next month. Monthly. Monthly Crop Reporter * Prices of farm products to producer. First weekly issue of month. Market Reporter * Wool stocks in dealers' hands Monthly Crop Reporter 8 and press Releases about 1st of month (cotton) Crop production and 10th (other crops). releases.* Fourth weekly issue of month. Cold-storage holdings and fish frozen Market Reporter * Third weekly issue of month. Movement of cattle, hogs, and sheep Market Reporter * Weekly. Receipts of butter, cheese, eggs, ana poultry. Market Reporter* Quarterly. Market Reporter s* Production of dairy products Third weekly issue of month. Market Reporter Car lot shipments of fruits and vegetables Monthly. Monthly Crop Reporter * Farm labor, wages, supply, etc Weekly. Foreign crops and markets* World crop production Annually. Market Reporter * Live stock on farms U. S. DEPARTMENT OF AGRICULTURE- Total lumber production from 1913 to 1920.. - Production of Lumber, Lath, and Shingles. Yearly. Pulp wood consumption and wood-pulp Yearly. Wood pulp production, 1914 and 1916 FOREST SERVICE. production. Preliminary report on ginnings * Semimonthly during season. U. S. DEPARTMENT OF COMMERCE- Cotton ginned Preliminary report on cotton consumed... 15th of month. Cotton consumed and on hand BUREAU OF THE CENSUS. 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. Cottonseed and cottonseed oil * 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 aided to assist readers in obtaining current statistics between publication dates of the SURVEY. > Beginning Jan. 7,1922, combined into new publication called, Weather, Crops, And Markets, issued weekly. Panama Canal traffic Unemployment in Pennsylvania. Beef, pork, and lamb production.. The Panama Canal Record Semimonthly report * Market Reporter » 54 SOURCES OF DATA—Continued. CURRENT PUBLICATION. I DATE OF PUBLICATION'. REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued. Wool consumption and stocks in manfacturers' hands. Production indexes of raw mateiials and manufactures. Fats and oils, production, consumption, and stocks. Fabricated structural steel sales from April, 1922. U. S. DEPARTMENT OF C O M M E R C E BUREAU OF FISHERIES. U. S. DEPARTMENT OF C O M M E R C E BUREAU OF FOREIGN AND DOMESTIC COMMERCE. 17. 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 17. S. TREASURY DEPARTMENTBUREAU OF THE MINT. 17. S. TREASURY DEPARTMENT—BUREAU OF INTERNAL REVENUE. Quarterly (one month after end of quarter). Quarterly. Surrey of Current Business Monthly. Statistics of fats and oils * Quarterly (one month after end of quarter). 15th of month. Press release * j Press release * | Press release * i Press release * i Press release * Survey of Current Business Survey of Current Business Monthly statement Automobile production Sugar statistics Steel castings sales Steel furniture shipments Earnings of public utilities Plumbing goods price index Fish catch at principal fishing ports. All imports and exports Tonnage of vessels, entered and cleared in United States foreign trade. Data on trade, employment and coal and iron production of foreign countries. Wholesale price of wool Warehouse stocks of rice 17. S. DEPARTMENT OF C O M M E R C E - Vessels under construction and vessels comBUREAU OF NAVIGATION. j pleted. U. S. DEPARTMENT OF COMMERCE— j Building material price indices BUREAU OF STANDARDS. U. S. GRAIN CORPORATION ! Wheat flour production, prior to July, 1920— j U . S . DEPARTMENT OF THE INTERIOR— j Refined petroleum products, production, etc.. BUREAU OF MINES. i r . S. DEPARTMENT OF THE INTERIOR— , Portland cement, production, etc GEOLOGICAL SURVEY. | Coal and coke production U . S . DEPARTMENT OF THE INTERIOR— U. S. PATENT OFFICE. U. S. DEPARTMENT OF LABOR—EMPLOYMENT SERVICE. Press release Statement on stocks of leaf tobacco.. U. S. DEPARTMENT OF COMMERCE— i Stocks of tobacco held by manufacturers and BUREAU OF THE CENSUS—Contd. | dealers. Crude petroleum, production, etc Electric power production Annual figures on nonferrous metal production. Patents granted Monthly Summary of Foreign Commerce. (Partfl.)i. Monthly Summary of Foreign Commerce. (Part II.) Various foreign sources Wholesale Prices Monthly Summarv of Foreign Commerce. (Part" II.) Commerce Reports Not published No longer published.. Refinery Statistics *.. Report on Portland cement output *.. Weekly report on production of coal *. Preliminary statistics on petroleum * Production of electric power * Mineral Resources 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 (Mondays). Second week of month. 20th of month. Second or third weekly month (Saturdays). 25th of month. End of month. Annually. Not published. Number on pay roll—United States factories.. Industrial Survey * Employment agency operations Report of Activities of State and Municipal Employment Agencies. Immigration and emigration statistics Not published Wholesale prices of commodities, including farm products, food, clothing, metals, etc. Wholesale price index Retail price index of foods Retail coal prices United States postal savings Postal receipts Government debt, receipts and disbursements. Money in circulation from July 1, 1922 Domestic receipts of gold at mint Wholesale Prices of Commodities.. Oleomargarine production Consumption of manufactured tobacco, snuff, cigars, cigarettes, and oleomargarine. Internal Revenue taxes on specified articles... Iron ore movement Sault Ste. Marie Canal traffic Barge traffic on Mississippi River Not published Statement of tax-paid products * Classified collections of Internal Revenue. Monthly statistical report Monthly statistical report Not published Monthly Labor Review. Monthly Labor Review. Monthlv Labor Review. Postal Savings News Bulletin Statement of Postal Receipts * Daily Statement of the U. S. Treasury. Federal Reserve Bulletin Not published U . S . W A R DEPARTMENT—ENGINEER CORPS. U. S. W A R DEPARTMENT—MISSISSIPPI WARRIOR SERVICE. Agricultural loans ! Not published in form used WAR FINANCE CORPORATION WISCONSIN INDUSTRIAL COMMISSION. . . Wisconsin factory earnings and employment.. j Bulletin on Wisconsin labor market * First week of month. Every 4 or 5 weeks. Monthly. Monthly. Monthly. 12th of month. 7th of month. Last day of month. Monthlv. First week of month. 2oth of month. Monthly during season. Monthly during season. loth of month. II REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS. (Excluding individual firms reporting data to be combined with other firms or trade associations.') ABERTHAW CONSTRUCTION CO i ABRASIVE PAPER AND CLOTH MANU- j FACTURERS' EXCHANGE. | AMERICAN MANUFACTURERS ASSOCIA- ; TION OF PRODUCTION FROM CORN. , AMERICAN BUREAU OF METAL STA- ' TISTICS. ! Building costs Sale of abrasive paper and cloth Corn ground into starch, glucose, etc Copper production Silver production Zinc production in Beldum Zinc stocks in United Kingdom AMERICAN FACE BRICK ASSOCIATION.. Face brick production, stocks, etc AMERICAN IRON AND STEEL INSTITUTE j Steel ingot production AMERICAN PETROLEUM INSTITUTE | Gasoline and Kerosene Consumption States. AMERICAN PIG IRON ASSOCIATION I Merchant pig iron production, etc AMERICAN RAILWAY ASSOCIATION I Freight car surplus (Car Service Division). | Freight car shortage Car ladings i Bad-order cars AMERICAN TELEPHONE AND TELE- ! Stockholders in the company GRAPH Co. I AMERICAN WALNUT MANUFACTURERS' ! Walnut lumber and logs ASSOCIATION. AMERICAN WRITING PAPER COMPANY.' Purchases and sales of paper AMERICAN ZINC INSTITUTE.... j Production and stocks of zinc Construction trade papers. Not published * Multigraphed or mimeographed sheets. Not published. by Not published Not published Not published Not published Not published Press release to trade papers * Special statement : j ! | ' i 7th of month. | Not published Car Surplusages and Shortages * Car Surplusages and Shortages * Information Bulletin * Information Bulletin * Financial papers ! j Weekly. ; Weekly. | Weekly. Third week of mont h. Quarterly. Not published. Not published i 15th of month. Press release to trade papers * 1 Imports and exports of gold and silver in Part 11. issue of 55 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.) Statement of anthracite shipments * Not published Trade papers Receipts cf wool at Boston Fabricated structural steel sales before April, No longer published.. 1924. Summary of operating statistics Number of tons carried 1 mile Not published Average receipts per ton-mile Summary of operating statistics Passengers carried 1 mile Not published Railway employment Not published Locomotives in bad order Not published Per cent of earnings on valuation Not published CALIFORNIA REDWOOD ASSOCIATION. . . Redwood lumber production, etc Not published CALIFORNIA WHITE AND SUGAR PINE Sugar pine lumber production, etc ANTHRACITE BUREAU OF INFORMATION ASSOCIATION OF LIFE INSURANCE PRESIDENTS. BOSTON CHAMBER OF COMMERCE BRIDGE BUILDERS AND STRUCTURAL SOCIETY. BUREAU OF RAILWAY ECONOMICS ASSOCIATION. CHICAGO BOARD OF TRADE CONTAINER CLUB CREDIT CLEARING HOUSE DAIRYMEN'S LEAGUE COOPERATIVE ASSOCIATION, INC. F. W. DODGE CO EMPLOYERS' ASSOCIATION OF DETROIT. ENAMELED SANITARY MANUFACTURERS ASSOCLATION. FEDERATION OF IRON AND STEEL MANUFACTURERS (British)., FINE COTTON GOODS EXCHANGE ILLUMINATING GLASSWARE GUILD JACKSONVILLE CHAMBER OF COMMERCE KNIT GOODS MANUFACTURES OF AMERICA. LEATHER BELTING EXCHANGE MAPLE FLOORING MANUFACTURERS' ASSOCIATION. MCLEAN BUILDING REPORTS, LTD MERCHANTS' EXCHANGE OF ST. L o m s . . Wheat, corn and oats, receipts, etc Production of paper box board Credit conditions Milk deliveries to milk plants Trade papers 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 Trade papers Fine cotton goods production and sales Illuminating glassware production, orders, etc. Turpentine and rosin receipts Knit underwear production, etc Trade papers Not published Naval Stores Review Monthly report * Sales of leather belting Maple flooring production, etc Canadian building contracts Receipts and shipments of lead and zinc Mississippi River traffic MICHIGAN HARDWOOD MANUFACTUR- Hardwood and softwood lumber, production and shipments. ERS' ASSOCIATION. MINNEAPOLIS CHAMBER OF COMMERCE. Linseed oil and oil-cake shipments Unfilled orders and shipments of furniture... NATIONAL ALLIANCE OF CASE GOODS ASSOCIATION. NATIONAL ASSOCIATION OF BRASS Brass stop cocks, orders and shipments MANUFACTURERS . NATIONAL ASSOCIATION OF CHAIR MAN- Chair shipments and unfilled orders UFAdURERS. NATIONAL ASSOCIATION OF CORRU- Production of paper-box board GATED AND FIBER BOX MANUFACTURERS. | NATIONAL ASSOCIATION OF FARM j Agricultural pumps EQUIPMENT MANUFACTURERS. NATIONAL ASSOCIATION OF STEEL Steel furniture shipments FURNITURE MANUFACTURERS. NATIONAL ASSOCLATION OF SHEET AND Sheet-metal production and stocks TIN PLATE MANUFACTURERS. NATIONAL ASSOCIATION OF WOOL 1913 figures for active textile machinery MANUFACTURERS. NATIONAL AUTOMOBILE CHAMBER OF I Production and shipments of passenger cars and trucks. COMMERCE. I NATIONAL BOTTLE MANUFACTURERS' Glass bottle production index ASSOCIATION. ! NATIONAL INDUSTRIAL CONFERENCE Cost of living BOARD. NATIONAL RETAIL DRY GOODS ASSO- Department store trade (we Federal Reserve Board). CIATION. NATIONAL WOOD CHEMICAL ASSOCIA- Production of wood alcohol and acetate of lime. TION. Rice distribution through New Orleans NEW ORLEANS BOARD OF TRADE NEW ORLEANS COTTON EXCHANGE — Cotton receipts into sight Canadian newsprint production, etc NEWS PRINT SERVICE BUREAU NEW YORK COFFEE AND SUGAR E X - I Coffee receipts, stocks, etc CHANGE. I Slojks of tin N E W YORK METAL EXCHANGE Indexes of sto?k and bond prices NEW YORK TRUST COMPANY NORTH CAROLINA PINE ASSOCIATION.. North Carolina pine, production, etc NORTHERN HEMLOCK AND HARDWOOD J Hemlock and hardwood lumber production, etc. MANUFACTURERS' ASSOCIATION. NORTHERN PINE MANUFACTURERS' ! Northern pine lumber and lath ASSOCIATION. I OAK FLOORING MANUFACTURERS' AS- Oak flooring, production, etc SOCIATION. OHIO FOUNDRYMEN'S ASSOCIATION... Ohio foundry iron production OPTICAL MANUFACTURERS' ASSOCIA- Spectacle frames and mountings, sales, etc TION. Stockholders in the company PENNSYLVANIA RAILROAD CO PENSACOLA CHAMBER OF COMMERCE . . Turpentine and rosin receipts Milk receipts at Philadelphia PHILADELPHIA MILK EXCHANGE Cement paving contracts PORTLAND CEMENT ASSOCIATION Pullman passenger traffic PULLMAN COMPANY REFRACTORIES MANUFACTURERS' AS- Fire-clay brick production, etc Silica brick production, etc SOCIATION. Rice receipts, stocks, etc RICE MILLERS' ASSOCIATION ROPE PAPER SACK MANUFACTURERS' Shipments of rope paper sacks ASSOCIATION. Automobile tires, tubes, and raw material RUBBER ASSOCLATION OF AMERICA Sanitary potters orders SANITARY POTTERS' ASSOCIATION Turpentine and rosin receipts SAVANNAH BOARD OF TRADE SAVINGS BANKS ASSOCIATION OF STATE Savings banks deposits in New York State OF N E W YORK. Raw silk consumption, etc SILK ASSOCIATION OF AMERICA * Multigraphed or mimeographed sheets. 15th of month. Anthracite shipments and stocks.. New life insurance business Daily. I Monthly. j j Monthly. j I j ' j Daily. i I Weekly. Monthly. • Second week of month. Weekly. Monthly. Monthly report (not published). Not published Monthly. 3d month. Canadian Building ReviewReceipts and snipments at St. Louis Not published Not published Monthly statements Not published in form used Not published Not published in form used Not published Business conditions Reserve). Not published (Chicago Monthly. Federal Not published No longer published. Traffic bulletin * (production figures not published). Not published Second week of month. Monthly press release 2lst of month. Federal Reserve Bulletin. Monthly. N ot published Monthly Monthly Monthly Monthly • First, week of month. First week of month. report — report bulletin statement Trade papers The, Index Not published Not published First week of month. •. First week of month. ' Monthly. Not published N ot published Monthly report * (not published) Not published — j -I Financial papers Naval Stores Review Not published Concrete Highway Magazine Not published Not published Not published Monthly report Not published | Quarterly ; Weekly. j I Mon t hiy. j ; Monthly reports (not published) Not published Naval Stores Review Not published ' : Weekly. ' Monthly press release to trade papers * — | 5th of month. 56 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.) SOUTHERN FURNITURE MANUFACTURERS' ASSOCIATION. SOUTHERN P I N E ASSOCIATION STEEL BARREL MANUFACTURERS' ASSOCIATION. STEEL FOUNDERS' SOCIETY STOKER MANUFACTURERS' ASSOCIATION. STRUCTURAL STEEL SOCIETY TANNERS' COUNCIL , TUBULAR PLUMBING GOODS ASSOCIATION. TWIN CITY MILK PRODUCERS' ASSOCIATION. U. S. STEEL CORPORATION UNITED TYPOTHETAE OF AMERICA WEST COAST LUMBERMEN'S ASSOCIATION. WEBBING MANUFACTURERS' EXCHANGE. WESTERN P I N E MANUFACTURERS' ASSOCIATION. Furniture shipments and unfilled orders Not published in form used Yellow pine production and stocks Steel barrel shipments Sales of steel castings Sales of stokers Sales of fabricated structural steel Leather production through May, 1922 Tubular plumbing sales Not published in form used Monthly reports * (not published) Not published Not published Not published Not published Semiweekly reports Milk production, Minnesota Not published Unfilled orders Earnings Stockholders Wages of common labor Printing activity Press release * Press release * Financial papers Special reports * Typothetae Bulletin I 10th of mont h. Monthly. Quarterly. Occasionally. Monthly. Douglas fir lumber production, etc Not published I Sales of elastic webbing Not published Western pine lumber production, etc Not published I DATE OF PUBLICATION. SOURCE. III.—REPORTS FROM TECHNICAL PERIODICALS. ENGINEERING N E W S RECORD 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 Price index for France Chemical price index . i Mine price of bituminous coal .{ Cotton (visible supply) I Interest rates ! Mail order and chain store sales i New corporate securities . i New York bond sales i New York bond prices i Mexican petroleum shipments .! Business failures i Price index . ! Rand gold production ! Silver prices . | Construction cost and volume index ; 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). Monthly. Weekly (Wednesdays). Weekly (Thursdays). Weekly (Saturdays). Weekly (Saturdays). Second or third weekly issue of month (Saturdays) Lastissue of month. First week of month (daily). ; First week of month (daily). 20th of month (daily). First weekly issue of month (Saturdays). First weekly issue or month (Saturdays). Second weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). First weekly issue of month. FINANCIAL POST ., ; . • Canadian bond issues j Weekly (Thursdays). AMERICAN METAL MARKET. T H E ANNALIST T H E BOND B U Y E R . BRADSTREET'S BULLETIN DE LA STATISTIQUE GENERALE CHEMICAL AND METALLURGICAL ENGINEERING. COAL AGE COMMERCIAL AND FINANCIAL CHRONICLE Dow, JONES & Co. (WALL STREET JOURNAL) . DUN'S REVIEW ENGINEERING AND MINING JOURNAL-PRESS... FRANKFURTER ZTETUNG [ Price index for Germany. Monthly. HAY TRADE JOURNAL I Hay receipts Weekly (Fridays). IRON AGE IRON TRADE REVIEW .ONDON ECONOMIST LUMBER MANUFACTURERS' RECORD MILK REPORTER . i Pig-iron production Composite finished steel price Iron and steel prices Railway freight car orders Price index for United Kingdom First weekly issue of month (Thursdays). I Weekly (Thursdays). I Weekly (Thursdays). | First weekly issue of month (Thursdays). | 10th of month. First weekly issue of month (Fridays). Price indices of lumber. Southern construction Southern bond issues I Milk receipts at Greater "New "York• Monthly. | Monthly. Weekly. MODERN MILLER Argentine visible supply of wheat and corn Weekly. NAVAL STORES REVIEW Turpentine and rosin, receipts and stocks.. Weekly (Saturdays). NEUE ZURICHER ZEITUNG Price index for Switzerland N E W YORK JOURNAL OF COMMERCE... Dividend and interest payments New capital issues New corporations..' Fire losses Newspaper advertising Flaxseed, receipts, etc Argentine grain shipments Wheat flour 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 N E W YORK EVENING POST NORTHWESTERN MILLER OIL, PAINT, AND DRUG REPORTER. OIL TRADE JOURNAL PRINTERS' INK PUBLISHERS' WEEKLY '.'....'..'.'.'.'.'. RUSSELL'S COMMERCIAL N E W S . . . ] STATISTICAL SUGAR TRADE JOURNAL, SVENSK HANDELSTIDNING O First week of month (daily). First week of month (daily). i First week of month (daily). i 10th of month (daily). ! Not published. I Weekly (Wednesdays). Weekly (Wednesdays). Weekly (Mondays). \ Weekly (Mondays). | 10th of month (monthly). { Second week of month. i Third week of month. 1 Weekly compilation (daily). Weekly (Fridays).