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MONTHLY SUPPLEMENT TO COMMERCE REPORTS

UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
JUNE, 1925
No. 46

COMPILED BY

BUREAU OF THE CENSUS
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
BUREAU OF STANDARDS
IMPORTANT NOTICE
In addition to figures given from Government sources, there are also incorporated for completeness of
service figures from other sources generally accepted by the trades; the authority and responsibility
for which are noted in the "Sources of Datq," on pages 160-163 of the February, 1925, issue

Subscription price of the SURVEY OF CURRENT BUSINESS is $L50 a year; single copies (monthly), 1C cents; semiannual
issues, 25 cents. Foreign subscriptions, $2.25; single copies (monthly issues) including postage, 14 cents; semiannual
issues, 36 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the SURVEY, $5.50 a year. Make
remittances only to Superintendent of Documents, Washington, D. C., by postal money order, express order, or New
York draft. Currency at sender's risk. Postage stamps or foreign money not accepted




WASHINGTON : GOVERNMENT PRINTING OFFICE : IMS

INTRODUCTION
The STOVEY OF CUBEENT BUSINESS is designed to
resent each month a picture of the business situation
y setting forth the principal facts regarding the various lines of trade ana industry. At semiannual intervals detailed tables are published giving, for each item,
monthly figures for the past two years and yearly comparisons, where available, back to 1913; also blank
fines sufficient for six months have been left at the
bottom of each table enabling those who care to do
so to enter new figures as soon as they appear (see
issue tor February, 1925, No. 42). In the intervening
months the more important comparisons only are
given in the table entitled u Trend of business movements" as in the present number.

numbers of less importance have been temporarily
omitted.
The relative numbers are computed by allowing the
monthly average for the base year or period to equal
100. If the movement for a current month is greater
than the base, the relative number will be greater than
100, and vice versa. The difference between 100 and
the relative number will give at once the per cent
increase or decrease compared with the bade period.
Thus a relative number of 115 means an increase of 15
per cent over the base period, while a relative number
of 80 means a decrease of 20 per cent from the base.
Relative numbers may also be used to calculate the
approximate percentage increase or decrease in a movement from one period to the next. Thus, if a Relative
ApVANCE SHEETS
number at one month is 120 and for a later month it
Realizing that current statistics are highly perish- is 144 there has been an increase of 20 per cent.
able and t^at to be of use they must reach the business
INDEX NUMBERS
man at the earliest possible moment, the department
has arranged to distribute advance leaflets every week,
When two or inore series of relative numbers are
to subscribers in the United States. The leaflets combined by a system of weightings the resulting
a:re usually mailed on Thursdays, tod give such infor- series is denominated an index number. The index
mation as has been received during the preceding number, by combining many relative numbers, ^ is
week. The information contained in these leaflets is designed to show the trend 01 an entire group of in*
also reprinted in " Commerce Reports," issued weekly dus tries or for the country as a whole, instead of for
by the Bureau of Foreign and Domestic Commerce. the single commodity or industry which the relative
The monthly bulletin is distributed as quickly as it number covers. Comparisons with the base year or
can be completed and printed.
with other periods ate made in the same manner as in
the case of relative numbers*
BASIC DATA
RATIO CHARTS
Hie figures reported in the accompanying tables are
very largely those already in existence. The chief
used in the
function of the department is to bring together these OFIn many instances the charts type termed SURVEY
CUBBBNT BUSINESS are of the
' • Ratio
data which, if available at all, are scattered in hun- Chfirta" (logarithmic scale), notably the Business
dreds of different publications. A portion of these Indicator charts on page 2. These charts show the
data are collected by Government departments, other percentage increase and allow direct comparisons befigures are Compiled by technical journals, and still tween the slope of one curve and that of any other
others are reported by trade associations.
curve regardless of its location on the diagram; that
is, a 10 per cent increase in an item is given the same
RELATIVE NUMBERS
vertical movement whether its curve is near the botTo facilitate comparison between different items and tom or near the top of the chart,
render the trend of a movement more apparent, relaThe difference between this and the ordinary form
tive numbers (often called "index numbers/' a term of a chart can be made clear by an example. If a
referring more particularly to a special kind of number certain item, having a relative number of 400 in one
described below) have been calculated. The relative month, increases 10 per cent in the following month,
numbers enable the reader to see at a glance the its relative number will be 440, and on an ordinary
general upward or downward tendency of a move- chart would be plotted 40 equidistant scale points
ment which can not so easily be grasped from the higher than the preceding month. Another moveactual figures.
ment with a relative number of, say, 50, also increases
In computing these relative numbers the last pre- 10 per cent, making its relative number 55. On the
war year, 1913, or in some instances a five-year avei> ordinary (arithmetic) §cale this item would rise only 5
age, 1909-1913, has been used as a base equal to 100 equidistant points, whereas the previous it&n rose 40
wherever possible. In many instances, comparable points, yet each showed the same percentage increase.
figures for the pre-war years are not available, and in The r^tio charts avoid this difficulty and give to each
such cases the year 1919 has usually been taken as of the two movements exactly the same vertical rise
the base. For some industries 1919 can not be and hence the slopes of the two lines are directly
regarded as a proper base, due to extraordinary con- comparable. The ratio charts compare percentage
ditions in the industry, aim some more representative changes, wMle the arithmetic charts compare absolute
period has been chosen. In many cases relative

E

This issue presents practically complete data for the month of April and also tiems covering May, 1925, received
tap to June 13* As most data covering a particular month's business are not available until from 15 to 30 days after the
close of the month* a complete picture of that month's operations, including relative numbers, cumulative totals* text,
and charts, can not be presented in printed form under 45 days after its close, but the advance leaflet* described above give
considerable information as early as 15 days after its close, and present almost every week the latest data available*



MONTHLY SUPPLEMENT TO C O M M E R C E REPORTS

UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY
BUREAU OF THE CENSUS

:

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

No. 46

:

BUREAU OF STANDARDS

1925

JUNE

CONTENTS
TEXT MATERIAL

TREND OF BUSINESS MOVEMENTS

Page

Preliminary summary for May
Course of business in April:
General conditions
Summary of indexes of business
Review, principal branches, industry and commerce

_

1

7
8
10

BASIC CHARTS

Business indicators
April wholesale price comparisons
Employment in manufacturing industries
Production, stocks, and unfilled orders
Comparison of wholesale price index numbers by groups. __

2
4
6
8
9

GENERAL TEXT TABLES

Business indicators
Wholesale price comparisons
Business summary
Indexes of business (production, prices, sales, etc.)
May data

3
5
7
20
23

Page
._ 29
Textiles.
Metals..
.. 30
Fuels
32
Automobiles and rubber
33
Hides and leather and paper and printing
34, 35
Buttons, glass, and optical goods
35
Building construction and housing
35
Chemicals and oils
38
Foodstuffs and tobacco
39, 42
Transportation
42
Public utilities, employment, and distribution
43, 44
Banking and finance and foreign exchange
45
United States foreign trade and Canadian trade and industry
47,48
NEW MISCELLANEOUS TABLES

Factory pay rolls and working time
Wood pulp and paper products

25, 26
27, 28

PRELIMINARY SUMMARY FOR MAY
Reports from the iron and steel industry covering excess, both in footage and value. Carloadings of comthe month of May indicate a decline from the general modities of all descriptions increased seasonally over
industrial activity which prevailed in April. Automo- the previous month and were well above the correbile production, as seen from manufacturers' ship- sponding figures of May, 1924.
ments, was also smaller than that of the previous
Sales by mail-order houses and 10-cent chain stores
month, while tin deliveries to consuming establish- declined from the previous month but were larger than
ments and silk consumption by textile manufacturers in May, 1924. Bank debits in New York City and for
similarly partook of the general decrease apparent in the rest of the country increased over both the previous
manufacturing activity. Locomotive shipments, on month and a year ago, the May debits for the United
the other hand, were larger than in April, as were the States at large, after adjustment for normal seasonal
production of northern pine lumber and the receipts of influences, being slightly more than 24 per cent above
wheat and corn at the primary markets. Unfilled the 1919 monthly average. Loans and discounts of
orders for steel continued to decline, standing on May Federal reserve member banks outstanding at the end
31 at almost 1,250,000 tons below the forward business of May not only declined from the condition at the end
on the books at the end of February. Wholesale prices of the previous month but were smaller than at any
of most basic commodities, except grains and rubber, other similar period since the end of January, while incontinued to decline.
vestments continued to mount. Interest rates for both
Contracts awarded for new construction declined speculative and commercial funds averaged lower in
seasonally from the awards in the previous month, May than in the previous month, while prices of stocks,
both in point of floor space and value of contemplated both industrial and railroad, were higher in May than
expenditures; as compared with a year ago, however, in April or a year ago. Business failures were smaller in
the lettings of new construction contracts were far in number than in either April or a year ago.
47995—251
1



BUSINESS INDICATORS: 1920-1925
(Ratio charts—see explanation on Inside front cover. Except for "net freight ton-miles" latest month plotted is April, 1925; March is latest plotted for "net freight
ton-miles," while the curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production for variations in working days)

30
0
200

1920 1921 1922 1923 1924 1925
RELATIVE TO IQIS AS 100

BANK DEBITS, 141 CENTERS

100
80
200

PRICES 25 INDUSTRIAL STOCKS

100 f* —
80

INTEREST RATES, COMN4ERCIAL PAPER

I

WHOLESALE TRADE, 6 LINES

^<J ^

60
40




1920' RELATIVE TO'1923AS1924' 1925
1921 '1922 1919 100

I

I

-WHOLESALE PRICES CDEPT.OFLABOR)

MAIL-ORDER SALES
I

(4 HOUSES)

FARM PRICES tDEPT. OF AGR CULTURE)

GENERAL MANUFACTURING PRODUCTION
(641 COMMODITIES)

LUMBER PRODUCTION
5 SPECIES)

AUTOMOBILE PRODUCTION
(PASSENGER CARS AND TRUCKS)

FACTORY

EMPLOYMENT

NET FREIGHT TON-MILES

CONTRACTS AWARDED
(27 STATES)

1923 1924

BUSINESS INDICATORS
The following table gives .comparative relative numbers for a selected list of important business movements. It is believed
that this table will prove useful, because it 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 relative numbers can be calculated, using
1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of
relative numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the
absolute value of the two sets of data. In either group, however, the upward or downward trend of the relative numbers, compared
to previous months, does reflect the present tendency in each item and will give a basis for business judgment.
Where available at the time of going to press, June 14, May indicators have been included, thus bringing this table up
to date. It should be noted that the charts on page 2 show April data as the latest plotted, except for freight ton-milei,
which shows April.
1925

1924

MONTHLY AVERAGE
COMMODITY

1920

1991

1982

1923

1924

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov. Dec.

Jan, Feb.

Mar

Apr.

May

1913 monthly average«100
Productions
Pig iron..............
Steel ingots
Copper
Cement (shipments)
Anthracite coal
Bituminous coal
Electric energy
(gross revenue sales)
Crude petroleum
Cotton(consumption)
Beef.
Pork
Unfilled orders:
U. S. Steel Corp
Stocks:
Crude petroleum
Cotton (total)
Prices:1
Wholesale index
Retail food
Retail coal, bitum....
Farm products. . Business finances:
Defaulted liabilities..
Price 25 ind. stocks...
Price 25 R. R. stocks.
Banking:
Clearings, N. Y. City.
Clearings, outside
Com'l paper int. rate.
Distribution:
Imports (value)
Exports (value)
Sales, mail-order
Transportation:
Freight, net ton-miles.

120
135
00
108
08
110

54
64
38
107
99
87

87
114
80
131
58
85

130
144
120
153
104
118

101
122
128
164
99
101

135
167
127
122
106
103

126
133
128
173
89
76

102
105
127
107
102
81

70
82
124
203
101
79

70
74
12fi
225
102
84

74
101
130
228
93
90

80
112
124
228
100
106

97
124
134
231
101
121

98
124
133
139
89
106

116
141
131
74
97
116

132
166
144
69
97
130

126
149
134
81
94
98

139
166
145
139
93
94

127
142
137
195
98
84

283
178
105
110
113

312
189
97
113
117

349
224
109
126
130

407
295
117
130
160

434
285
99
133
151

448
288
104
115
160

429
287
103
121
145

417
298
89
135
151

309
286
75
118
154

382
295
75
132
153

386
208
77
135
115

397
288
94
146
103

427
289
114
167
118

462
272
106
149
152

507
273
114
134
191

518
287
127
146
199

481
261
118
105
152

292
125
129
115

295
128
131
109

170

90

96

102

68

81

71

61

55

54

56

50

60

68

82

85

89

82

75

127
155

162
198

234
153

287
125

338
112

327
113

331
92

334
74

339
59

343
45

349
44

350
84

348
161

346
193

338
193

335
172

337
150

337
126

336
103

226
203
207
205

147
153
197
116

149
142
188
124

154
146
190
135

150
146
169
134

150
144
175
131

148
141
168
130

147
141
163
120

145
142
163
130

147
143
165
132

150
144
150
139

149
147
164
132

152
140
169
138

153
150
171
137

157
152
171
139

160
154
170
146

161
151
172
146

161
151
169
151

156
151
161
147

146

108
67

229
136
64

228
169
75

197
185
72

198
198
81

428
189
74

214
183
75

160
183
75

149
187
78

161
195
82

242
205
86

150
201
85

158
202
84

136
213
92

198
231
95

238
233
96

176
238
98

149
235
95

163
233
92

162
245
96

257
275
134

205
212
118

230
230
80

226
276
00

264
284
71

240
280
83

258
279
84

263
277
77

253
266
71

268
282
64

258
265
50

245
277
57

274
314
57

284
290
69

325
317
64

339
322
66

267
273
66

296
309
71

290
308
72

302
297
70

204
331
264

140
181
188

177
154
204

213
168
250

201
185
284

215
164
270

217
168
300

203.
161
243

183
148
239

185
134
196

170
160
211

192
207
270

208
255
364

198
238
351

224
214
411

232
216
308

223
170
200

258
210
318

234
193
322

262

137

105

115

130

131

133

117

124

117

121

133

143

158

139

128

135

123

120

114
137
135

69

1919 monthly average** 190
Production:
Lumber1 . . . .
...
Bldg. contracts
Stocks:
Beef.
Pork
Business finances:
Bond prices (40 issues).
Banking:
Debits outside N.Y.
City.
Federal ReserveBills discounted
Total reserves
Ratio

102
72

86
60

117
102

133
106

129
108

131
147

139
136

141
124

130
103

119
88

130
00

135
03

140
102

126
105

110
100

121
01

122
83

136
138

143
157

66
08

42
83

20
70

32
01

34
88

39
110

33
100

28
111

25
111

21
104

21
91

20
61

28
44

42
46

60
70

50
85

65
94

49
00

41
88

86

87

107

104

108

105

105

106

108

110

110

109

110

110

110

110

04

111

111

114

91

05

107

108

100

106

106

104

106

101

104

119

107

124

127

106

121

117

116

132
07
87

01
122
122

28
144
154

30
146
152

10
146
160

25
147
161

23
147
163

22
147
165

18
140
165

15
149
165

14
146
164

13
144
160

12
143
157

11
143
154

16
139
145

14
141
155

22
138
151

21
137
154

21
137
154

21
137
153

*

i Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture.
> Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and California white
pine. The total production of these associations in 1919 was equal to 11,401,000,000 board feet, compared with a total lumber production for the country of 34,552,000.000




WHOLESALE PRICES IN APRIL
(Bars denote percentages of increase or decrease in the wholesale prices of specified commodities as compared with the same month of 1924 and 1923)
COMPARISON WITH
PREVIOUS MONTH
DECREASE INCREASE

COMMODITIES

20

10

0

10

20

COMPARISON WITH SAME MONTH
1924
DECREASE
INCREASE
50 40

30

20

10

0

10

20

30

40

COMPARISON WITH SAME MONTH
1923
DECREASE
INCREASE

50 60

70

8050 40

30

20

10

0

10

Q

10

20

30

40

50 60

30

40

50

FARM PRODUCTS. AVERAGE PRICE TO PRODUCER
WHEAT
CORN
POTATOES
COTTON
COTTONSEED
CATTLE,BEEF
HOGS
LAMBS
WHEAT. SPRING
WHEAT, WINTER
CORN, NO. 2
OATS
BARLEY
RYE, NO.2
TOBACCO, BURLEY
COTTON
WOOL ^ GREASE (BOSTON)
CATTLE, STEERS
HOGS, HEAVY
SHEEP, EWES
SHEEP, LAMBS
FLOUR, SPRING
FLOUR, WINTER
SUGAR, RAW
SUGAR. GRANULATED
COTTONSEED OIL
BEEF, CARCASS
BEEF. STEER ROUNDS
HAMS. SMOKED (CHICAGO)
COTTON YARN
COTTON PRINT CLOTH
COTTON, SHEET ING
WORSTED YARN
WOMEN'S DRESS GOODS
SUITINGS
SILK, RAW
HIDES, PACKER'S
HIDES, CALFSKINS
LEATHER. CHROME (BOSTON)
LEATHER, SOLE, OAK
BOOTS AND SHOES (BOSTON)
BOOTS AND SHOES (ST. LOUIS)
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)
CEMENT
STEEL BEAMS
RUBBER, CRUDE
SULPHURIC ACID




20

JO

Q

10

20

DECREASE INCREASE

50

40

30

20

10

Q

10

20

DECREASE '•.
* NO CHANGE

30

40

50

60

INCREASE

70

80

90 JOO

20

DECREASE

** NO COMPARISON AVAILABLE

INCREASE

70 80

WHOLESALE PRICE COMPARISONS—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS
NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics: nonferrous metels
from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent
prices to producer or at mill. See diagram on page 4.
Because of their availability at the time of going to press, June 13, the May price data have here been included, thus bringing this table up to date.
It should be noted that the chart on page 4 shows April prices only.
PER CENT
INCREASE (+)
OR DECREASE (— )

ACTUAL PRICE

(dollars)

Unit

COMMODITIES

April,
1925

RELATIVE PRICE
(1913 average=100)

May,
1925,
from
April,
1925

May,
1925,
from
May,
1924

April,
1925

0.968
.786
.913
.281
40.53
.0594
.0668
.1143

+6.1
+4.4
+0.1
-3.0
+2.0
-1.1
-7.4
-1.9

+54.0
+36.8
-22.7
-18. 1
-4.5
+9.1
+61.4
+4.9

177
167
118
198
174
111
155
200

188
174
118
192
178
110
144
197

122
127
153
234
186
101
89
187

May,
1925

May,
1924

1.491
1.075
.706
.230
38.71
.0648
.1078
.1199

May,
1925

May,
1924

FARM PRODUCTS— AVERAGE PRICE TO PRODUCERS
Wheat
Corn
Potatoes
Cotton
Cottonseed
Cattle, beef
Hogs
Lambs

1.405
Bushel
1.030
Bushel
.706
Bushel
.237
Pound
37.94
Ton
.0655
Pound
Pound..*.. .1164
.1222
Pound

.
_.

FARM PRODUCTS— MARKET PRICE
Bushel
Bushel
Bushel
Bushel
Bushel
Bushel
Cwt
Pound
Pound
Cwt
Cwt.
Cwt
Cwt

1.549
1.701
1.082
.454
.875
1.118
24.50
.244
.54
9.988
12. 575
7.919
14. 156

1.676
1.892
1.137
.484
.883
1.190
24.50
.234
.45
9.656
12. 181
6.531
12. 281

1.177
1.066
.786
.488
.761
.671
28. 00
.316
.49
10. 269
7.444
6.625
14. 219

+8.2
+11.2
+5.1
+6.6
+0.9
+6.4
0.0
-4.1
-16.7
-3.3
-3.1
-17.5
-13.2

+42.4
+77.5
+44.7
-0.8
+16.0
+77.3
-12.5
-25.9
-8.2
-6.0
+63.6
-1.4
-13.6

170
173
173
121
140
176
186
191
216
117
150
169
182

184
192
182
129
141
187
186
183
180
114
146
139
158

129
108
126
130
122
106
212
247
196
121
89
141
182

Barrel
Barrel
Pound
. ._ Pound
Pound
Pound
__ Pound
Pound

8.250
7.038
.045
.056
.111
.183
.153
.282

8.869
7.215
.043
.055
.107
.178
.162
.256

6.638
5.470
.056
.073
.098
.170
.169
.194

+7.5
+2.5
-4.4
-1.8
-3.6
-2.7
+5.9
-9.2

+33.6
+31.9
-23.2
-24.7
+9.2
+4.7
-4.1
+32.0

180
183
127
132
153
141
117
170

194
188
123
128
146
138
124
154

145
142
161
170
135
131
129
117

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, & blood combing, Ohio and Pennsylvaniafleeces(Boston) .
Cattle, steers, good to choice, corn fed (Chicago)
Hogs, heavy (Chicago)
Sheep, ewes (Chicago)
Sheep, lambs (Chicago)
FOOD
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
_.
Sugar, 96° centrifugal (New York)
Sugar, granulated, in barrels (New York) _.
Cottonseed oil, prime summer yellow (New York)..
Beef, fresh carcass good native steers (Chicago) ...
Beef, fresh steer rounds No. 2 (Chicago)
Pork, smoked hams (Chicago)
. ..
CLOTHING
Cotton yarns, carded, white, northern, mulespun, 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, dbl. warp, 50 in. (N. Y.)
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)
Silk, raw Japanese, Kansas No. 1 (New York)
Hides, green salted, packer's heavy native steers (Chicago)
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
Leather, chrome calf, dull or bright "B" grades (Boston)
Leather, sole, oak, scoured backs, heavy (Boston)
Boots and shoes, men's black calf, blucher (Massachusetts)
Boots and shoes, men's dress welt tan calf (St. Louis)...
_
FUEL

Pound
Yard
Yard
Pound
Yard ..
Yard
Pound
.
Pound
Pound
Square foot.
Pound
Pair
Pair

.420
.067
.106
1.750
1.035
3.780
5.987
.142
.184
.480
.500
6.40
5.15

.399
.064
.104
1.750
1.035
3.600
6.174
.143
.183
.460
.490
6.40
5.15

.475
.066
.108
1.650
1.035
3.690
4.802
.119
.165
.460
.460
6.25
4.85

-5.0
-4.5
-1.9
0.0
0.0
-4.8
+3.3
+0.7
-0.5
-4.2
-2.0
0.0
0.0

-16.0
-3.0
-3.7
+6.1
0.0
-2.4
+28.6
+20.2
+10.9
0.0
+6.5
+2.4
+6.2

170
194
173
225
184
245
164
77
98
178
111
206
163

161
185
170
225
184
233
170
78
97
171
109
206
163

192
192
177
212
184
239
132
65
88
171
103
201
153

Coal, bituminous, mine run lump, Kanawha (Cincinnati)
Coal, anthracite, chestnut (New York tidewater)
Coke, Connellsville (range of prompt and future) furnace — at ovens
Petroleum, crude, Kansas-Oklahoma— at wells

Short ton. _
Long ton...
Short ton__
Barrel.

3.39
10.76
3.47
1.800

3.39
10.88
3.11
1.800

3.39
11.47
3.41
1.735

0.0
+1.1
-1.9
0.0

0.0
-5.1
-8.8
+3.7

154
203
130
193

154
205
128
193

154
208
140
186

Long ton... 21.86
Long ton... 20.13
Long ton... 35.50
.133
Pound
.080
Pound
.514
Pound
.0699
Pound

20.89
18.81
32. 25
.134
.080
.537
.0695

22.51
20.50
40.00
.128
.073
.436
.0579

-4.4
-6.6
-9.2
+0.8
0.0
+4.5
-0.6

-7.2
-8.2
-19.4
+4.7
+9.6
+23.2
+20.0

137
137
138
87
183
116
127

131
128
137
87
183
121
126

141
139
149
84
166
99
105

45.67
Mfeet
Mfeet
17.50
Thousand- 13.50

17.50
15.00

41 66
17. 50
20.00

0.0
+11.1

0.0
-25.0

198
190
206

190
229

181
190
305

0.0
-2.4
+23.5
0.0

0.0
-16.7
+142. 8
0.0

173
136
42
70

173
132
52
70

173
157
25
70

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, delivered, for early delivery (New York)
Tin, pig, for early delivery (New York)
_
Zinc, slab, western (St. Louis)
BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, 1x4, "B" and better (Hattiesburg district)
Lumber, Douglas fir, No. 1, common, s 1 s, 1 x 8 x 10 (Washington)
Brick, common red, domestic building (New York)
Cement, Portland, net without bags to trade, f. o. b., plant (Chicago
district)
Steel beams, mill (Pittsburgh)
Rubber, Para Island, fine (New York)
Sulphuric acid, 66° (New York)




Barrel
Cwt
Pound
Cwt

1.75
2.05
.340
.70

1.75
2.00
.420
.70

1.75
2.40
.173
.70

EMPLOYMENT IN MANUFACTURING INDUSTRIES BY MAJOR GROUPS
(Drawn from data compiled by U. S. Department of Labor and representing weighted indexes based upon number of wage earners in the respective industries in 1919.
Average monthly employment 1923=100. April, 1925, is latest month plotted)

TAMPED AND ENAMELED WARE OTHER THAN IRON
AND STEEL

TOBACCO M/ NUFACTURES

^>

100

80




L

(

'

Nr>

i i i

>—YN*S
•1

1

I

t

1

i

BUSINESS SUMMARY
[Index and relative numbers based on the 1019 monthly average as 100—except unfilled orders which are based on the 1020 average—enable comparisons to be made of the
relative condition of the several phases of business. The use of index and relative numbers is more fully explained on the inside front cover, and details of this summary are given in the table entitled "Indexes of Business," beginning on p. 20.]
YEARLY
AVERAGE

1924

PBB CENT INCREASE (+)
OR DECREASE (-)

1925

1933

1924

February

March

April

February

March

April

April,
1925, from
March,
1925

April,
1925, from
April,
1924

PRODUCTION:
Manufacturing (64 commodities— Adjusted) 1
Raw materials, total
Minerals
.. _ _
Animal products
Crops
Forest products
Electric power .
Building (awards— floor space)
STOCKS (45 commodities; seasonal adjustment),
UNFILLED ORDERS (relative to 1920)

119
113
131
117
102
121
144
106

113
118
122
117
118
119
152
108

122
101
124
105
87
114
149
103

124
94
122
107
71
117
154
147

118
87
107
118
54
129
146
136

124
95
113
102
81
112
154
83

129
96
118
111
75
124
165
138

130
85
114
115
49
131
159
157

+ 0.8
-11.5
-3.4
+ 3.6
-34.7
+ 5.6
-3.6
+ 13.8

+ 10.2
-2.3
+6.5
-2.5
-9.3
+ 1.6
+8.9
+ 15.4

119
74

135
52

137
63

136
61

136
54

152
63

149
58

141
54

-5.4
-6.9

+ 3.7
0.0

SALES (based on value) :
Mail-order houses (4 houses)
Ten-cent chains (5 chains)
Wholesale trade
Department stores (359 stores)

99
165
83
124

105
185
82
125

96
140
78
102

105
163
80
115

114
178
78
133

105
156
76
101

120
177
83
121

117
195
79
135

2 5
+ 10.2
-4.8
+ 11.6

+2.6
+9.6
+ 1.3
+ 1.5

PRICES (recomputed to 1919 base) :
Producers', farm products
Wholesale, all commodities
Retail food
Cost of living _ _

__._

65
75
78
94

64
73
78
95

65
74
79
95

63
73
77
95

62
72
76
94

70
78
81
96

72
78
81
96

70
76
81
96

-2.8
-2.6
0.0
0.0

+ 12.9
+ 5.6
+ 6.6
+2.1

CHECK PAYMENTS (141 cities— Seasonal adjustment)
.
_ _ -.
FACTORY EMPLOYMENT (1919 base).

103
93

109
84

116
90

108
89

108
88

129
85

126
85

122
85

-3.2
0.0

+ 13.0
-3.4

115
119
25

108
116
139

109
104
79

110
132
150

97
100
199

102
105
172

107
131
209

107
204

-18.3
-2.4

+7.0
+ 2.5

TRANSPORTATION :
Net freight ton-mile operation .
Car loadings (monthly total)
Net available car surplus (end of mo.) _ >

•

»See page 28, January, 1925, issue (No. 41) for details of adjustment. Unadjusted index for current months given in "Indexes of Business," p. 20, this issue.

COURSE OF BUSINESS IN APRIL
GENERAL CONDITIONS
The output of manufacturing industries in April dustrial employment, though 3 per cent smaller than
showed an increase of 1 per cent over the previous in April, 1924, showed no change from March.
month and recorded an advance of slightly more than
Wholesale trade and mail-order house sales both de10 per cent over April of last year. The production of clined from March but were larger than a year ago,
raw materials, on the other hand, declined from both while sales at retail by department and chain stores were
the previous month and a year ago, the decrease generally larger than in either the previous month
from April, 1924, being slightly over 2 per cent- or a year ago. Wholesale prices declined 3 per cent
Mineral production in April, though smaller than from the previous month but were still 5 per cent above
in March, was about 7 per cent larger than a year the general level of April, 1924. Living costs, on
ago; marketings of animal products, though larger the other hand, registered no change from the prethan in March, were almost 3 per cent smaller than vious month and an increase of but 2 per cent over a
in April, 1924; while crop marketings were not only year ago. Check payments declined from the preseasonally smaller than in March but were more than vious month, after seasonal adjustment, but were
9 per cent below the general movement in April larger than a year ago, while carloadings recorded an
of last year. Unfilled orders at the end of April, increase of 7 per cent over the total reported for
though showing no change from a year ago, were April, 1924.
7 per cent smaller than at the end of March, while
Interest rates for both commercial and speculative
commodity stocks, though larger than on April 30, funds showed practically no change from those pre1924, were 5 per cent smaller than at the end of vailing in March. -Stock prices averaged lower than
March, when account is taken of normal seasonal in March, while defaulted liabilities of failing busitendencies. Building activity was larger than in ness firms, though smaller than a year ago, were
either the
larger than in March.
 previous month or a year ago, while in

SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

Manufacturing production in April was 1 per cent
higher than in March at 130 per cent of the 1919
average aftd was 10 per cent higher than in April,
1924, the principal increases in March occurring in the
output of automobiles with a gain of 17 per cent, and in
stone and clay products with 13 per cent, while slight
increases were shown, when reduced to an average
daily basis, in the output of paper and lumber. Increases over a year ago were registered in all industrial
groups except foodstuffs, with textiles showing the
greatest increase.
The output of raw materials was 2 per cent less in
April than a year ago, the marketings of animal prod-

ucts decreasing 3 per cent and crop marketings 9 per
cent, while forestry products and mineral products increased 2 per cent and 7 per cent respectively. The
decrease from a year ago in the marketings of crops
was due to the smaller movement to market of grain,
fruits, and miscellaneous crops, the increases in the
vegetable and cotton marketings being insufficient to
offset the declines noted. The decline in the marketings of animal products was due to smaller receipts of
wool and hogs, the increases in other groups entering
into this general index being insufficient to offset those
declines. All minerals and products of the forest except pulp wood recorded substantial increases over
their respective productions of the previous year.

RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
(1920 monthly average—100. This chart shows stocks of manufactured commodities only, while adjustment has been made for both stocks and production for their
respective seasonal movements. Unfilled orders are principally those for iron, steel, and building materials. April, 1925, is latest month plotted)
160
150

COMMODITY STOCKS

SALES

Stocks of commodities held at the end of April
decreased 5 per cent during the month, after allowance
for normal seasonal tendencies, but an increase of 4 per
per cent was registered in the general index over a year
ago. All classes of commodities entering into this index recorded a decline from the previous month,
except manufactured commodities which remained the
same, while compared with a year ago manufactured
foodstuffs alone were smaller. Standing at 141, the
adjusted index of commodity stocks shows raw foodstuffs increasing 76 per cent, raw materials for manufacture 20 per cent, and manufactured commodities 71
per cent, respectively, above their 1919 monthly
averages, while manufactured foodstuffs were 25 per
cent below that average.

The index of unfilled orders declined during April
and standing at 54, relative to 1920 as 100, was the
same as a year ago, the iron and steel group being
higher on April 30 than a year ago while the building
materials group was lower.
Sales at wholesale were 5 per cent smaller than in
March, but an increase of 1 per cent was registered
over a year ago. Compared with the trade of April,
1924, increases were noted in the sales at wholesale of
drugs, dry goods, and meats; declines were recorded in
shoes and groceries; while no change was noted in
hardware. Sales by mail-order houses were 2J^ per
cent smaller than in March, but were by that much
larger than a year ago, while sales by chain stores,
with the exception of drugs, which declined, were from




9
2 per cent to 39 per cent higher than in March. With
the exception of shoes, which declined less than 1 per
cent, chain-store sales were from 1 per cent to 25 per
cent larger than a year ago. Department-store trade
was 12 per cent greater than in March and 2 per cent
larger than in April of last year, while stocks of merchandise held by department stores increased only 1
per cent over March and showed no change from a
year ago.
PRICES

Prices paid to producers of farm products averaged
3 per cent lower than in March and 13 per cent higher
. than a year ago, the decline from the previous month
in the general level being due to lower prices for grain,
dairy products, and cotton, which outweighed the increases in fruits, vegetables, and meat animals.
Wholesale prices as shown by the Department of
Labor index declined 3 per cent from March but, standing at 156 relative to 1913 as 100, were 5 per cent
higher than a year ago. All groups entering into this
index declined from the previous month except house
furnishings and miscellaneous items, which increased
slightly, and chemicals, which showed no change. As
compared with a year ago, the principal increases
occurred in farm products, food, chemicals, and miscellaneous commodities, with declines noted in metals,
building materials, and house furnishings. Regrouped
by the Federal Reserve Board, this index of wholesale
prices showed producers' goods at 3 per cent below
the prevailing prices of both the previous month and
a year ago and consumers' goods at 1 per cent below
March but 10 per cent above April, 1924.

EMPLOYMENT

For the third consecutive month the rate of industrial employment has not changed sufficiently to be
reflected in the index number, but standing at 92,
relative to the average monthly employment in the
year 1923, the index was slightly more than 3 per
cent below that of April, 1924. Compared with a
year ago all industrial groups either declined or showed
no change, except chemicals, which increased 1 per
cent. The greatest decline from April, 1924, was
recorded in factories producing food products, where
employment in April was 7J^ per cent smaller than a
year ago.
IMMIGRATION AND EMIGRATION
(April, 1925, is latest month plotted)

COMPARISON OF WHOLESALE PRICE INDEX NUMBERS, BY GROUPS

 47995—251


(April, 1926, is latest month shown)
1917

1918

2

1919

1920

1921

1922

1923

1924

10
REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

April receipts of wool at Boston were 42 per cent less
than in the previous month, the decline being proportionately greater for foreign receipts than for
domestic. Receipts of foreign wool, however, continued the tendency of recent months by exceeding
considerably the receipts of domestic wool. In
April, 1924, the contrary was true, receipts of domestic
wool representing 60 per cent of the total. Imports
of raw wool declined from the previous month and
were slightly less than a year ago.
The consumption of wool by textile mills was about
5 per cent less in April than in March and slightly less
than a year ago. All classes of wool machinery except
narrow looms showed a lower percentage of activity
during April than during the previous month. Prices
of raw wool continued to decline and almost reached
the level of a year ago. The prices of worsted yarns
also showed a further decline, while the prices of dress
goods and suitings were unchanged.
Cotton receipts into sight continued to decline but
were larger than in April, 1924. Imports and exports
of raw cotton were also much less in April than in
March, and imports were 45 per cent less than a year
ago. Stocks of cotton at mills and warehouses
continued the seasonal decline, as did the visible
supply both in the United States and in the world;
cotton stocks, however, were considerably larger at
the end of April than a year ago. April consumption
of cotton by textile mills was the largest since May,
1923, and the number of active cotton spindles the
largest since December, 1923, the mills operating at
100 per cent of capacity as compared with 99.6 per
cent in March and 80 per cent a year ago.
RAW COTTON CONSUMPTION AND EXPORTS
(April, 1925, latest month plotted)

prices averaged from 3 to 5 per cent lower than in the
previous month and approximately 18 per cent lower
than in April, 1924. Prices of cotton yarn and of
print cloth and sheeting were also slightly less than
during the previous month.
CONSUMPTION OF COTTON, WOOL, AND SILK
(April, 1925, is latest month plotted)
400

200

1925

Imports of raw silk and deliveries from warehouses
declined during April but were considerably larger
than a year ago. Stocks of raw silk at warehouses
also declined, while the price of Japanese silk at New
York averaged slightly higher for April than for either
the previous month or for April, 1924.
Imports both of burlap and of unmanufactured
fibers were less than for either the previous month or
for April, 1924. Shipments of pyroxylin-coated
textiles, while considerably less than those reported in
March, were slightly above a year ago; unfilled orders,
however, were 20 per cent greater than at the end of
the previous month and 3 per cent greater than a
year ago.
IRON AND STEEL

Orders received, billings, and shipments reported by
cotton-finishing plants declined from the previous
month while stocks increased. The operating capacity
of these plants was 64 per cent of capacity as compared with 62 per cent a year ago. Exports of cotton
cloth were slightly larger in April than in March and
were 60 per cent greater than a year ago. Raw-cotton



The production of pig iron and the consumption of
iron-ore declined 9 and 12 per cent, respectively, from
March, pig-iron production being slightly greater and
iron-ore consumption slightly less than a year ago.
For the first four months of 1925, however, both pigiron production and iron-ore consumption were 5 per
cent greater than for the corresponding period in

11
1924. Stocks of iron ore continued to decline seasonally and were 11 per cent less than at the end of April
a year ago. The number of furnaces in blast showed
a further decline of 10 per cent in number and of 8
per cent in capacity as compared with the previous
month, the number of such furnaces being 4 per cent

less and their capacity 4 per cent greater than in April,
1924. Blast furnaces operated at 55 per cent capacity
in April as compared with 61 per cent in March and
57 per cent a year ago. Prices of pig iron averaged 5
per cent less than for the previous month and 7 per
cent less than a year ago.

PRODUCTION OF PIG IRON AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS
(April, 1925, is latest month plotted)
14,000

600

The April production of steel ingots was 15 per cent
less than in the previous month but 7 per cent greater
than in April, 1924. Bookings of steel castings were
slightly less than in March and were 14 per cent
less than a year ago, the increase in bookings of railroad specialties as compared with the previous month
being more than offset by the decrease in miscellaneous
bookings. The unfilled orders reported by the United
States Steel Corporation declined still further for April
but were 6 per cent greater than a year ago. The
production, shipments, sales, unfilled orders, and stocks
of steel sheets were all less than in March and except

for stocks were greater than in April, 1924. The steelbarrel industry, on the other hand, showed greater
activity in April than for either the previous month or
a year ago, production and shipments being about 18
per cent greater than in March and about 44 per cent
greater than a year ago. Stocks of steel barrels at the
end of April were less than at the end of April, 1924,
and unfilled orders, while almost double the amount
reported a year ago, were 10 per cent less than at the
end of the previous month. The wholesale prices of
ir9n and steel products averaged less than for either
the previous month or for April, 1924.

LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS
(April, 1925, is last month plotted)

Foreign trade in iron and steel products was less
than in March but greater than a year ago, the decline
from the previous month being slight in the case of
exports, while imports were 22 per cent less in April
than in March. The tonnage of vessels completed
during the month was much smaller than for either



the previous month or a year ago. Bookings and shipments of fabricated structural steel, on the other hand,
exhibited substantial increases from both the previous
month and April, 1924. Steel furniture shipments
were slightly larger than in March but smaller than a
year ago.

12
Shipments of railway locomotives were 16 per cent
less in April than in the previous month but 26 per
cent greater than a year ago. Unfilled orders, on the
other hand, were substantially larger than July,
1924, due principally to the fact that unfilled
orders for shipment abroad stood at the highest
point they have reached since November, 1922.
Orders for freight cars placed during April w^ere considerably larger than those reported for March but were
only half as large as the orders in April, 1924. Sales
of mechanical stokers were less both in number and in
horsepower than those reported for the previous month.

cent more than in April, 1924. The price of lead
also declined and was less by 3 per cent than a }^
ago.
RELATIVE PRODUCTION AND STOCKS OF ZINC
(1913 monthly average=100. April, 1925, is latest month plotted)

NONFERROUS METALS

The activity in most of the nonf errous metals industries was considerably less in April than for the previous month. The production of raw copper at the
mines and of blister copper by smelters were 6 and 9
per cent less, respectively, than in March but were
greater than in April, 1924. Exports of copper, likewise, declined from the previous month and were
larger than a year ago. The wholesale price of electrolytic copper averaged 5 per cent less than in March
and almost the same as in April, 1924. Orders for
brass faucets received and shipped were considerably
less than for either the previous month or a year ago,
and sales of tubular plumbing, while larger than in
March, were less than in April, 1924.
COPPER PRODUCTION AND EXPORTS
(April, 1925, last month shown)

FUELS

The production of bituminous coal was less and
that of anthracite coal greater during April than during
the previous month. The production of both kinds
of coal, however, was about 10 per cent greater than
a year ago. Prices of both anthracite and bituminous coal declined from the previous month. The
production of both beehive and by-product coke was
less than in March and the production of beehive coke
was also less than a year ago. Coke prices showed
further declines, averaging 10 per cent less than in
March and 16 per cent less than a year ago.
PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL
(April, 1925, is latest month plotted)

The April consumption of tin, as evidenced by
deliveries from warehouses, was 6 per cent less than in
March and 12 per cent less than a year ago. Imports
likewise declined, being 42 per cent smaller than in
the previous month and less than one-half those of
April, 1924. Stocks of tin in the United States were
only about one-half as large at the end of April as
they were in either March, 1925, or April, 1924. The
wholesale price of pig tin declined still further and was
only about 4 per cent higher than a year ago.
April production of zinc was less and the stocks at
the end of the month greater than for March, although
the number of retorts in operation were slightly larger
than at the end of March. The price of prime western
slab zinc continued to decline but averaged 14 per



PETROLEUM

The output of crude petroleum increased in April
over the previous month and a year ago, while crude
petroleum stocks, though larger than a year ago,
registered a slight decline from the previous month.

13
Consumption of crude was larger in April than the
previous month or a year ago, while the price of
pretoleum at the wells showed no change from the
quotations in March. More oil wells were completed
in April than in either the previous month or April,
1924, while shipments of crude from Mexican fields
were smaller than either March or a year ago.
HIDES AND LEATHER

Total imports of hides and skins in April exceeded
those of either the previous month or a year ago,
increases in the imports of cattle hides and sheepskins
more than offsetting declines in calf and goat skins.
Compared with a year ago all classes of skins increased,
except calfskins. Prices of cattle hides and calfskins
continued their seasonal decline but averaged slightly
higher than a year ago.
IMPORTS OF HIDES AND SKINS
(April, 1925, is latest month plotted)

greater and the number of trucks 6 per cent greater
than those produced during the previous month.
Compared with a year ago passenger-car production
showed a 13 per cent increase and truck production
an increase of 26 per cent.
Imports of crude rubber were 84 per cent greater
during April than during the previous month but
were less than a year ago. The wholesale price of
Para rubber in New York, while slightly less than for
March, was more than double that of April, 1924.
The production of pneumatic tires showed a slight increase during April, and inner tubes, while slightly
less than in March, was about 27 per cent greater
than a year ago. Shipments of tires and tubes,
on the other hand, considerably exceeded those of
the previous month and April, 1924. The excess
of shipments over production in April resulted in a
decline in stocks of tires and tubes on April 30 from
those reported at the end of March.

80,000,

WOOD PULP AND PAPER

60,000

April imports of wood pulp were less than during the
previous month, an increase in imports of mechanical
wood pulp being more than offset by the decline in
chemical wood pulp imports. Both classes of wood
pulp were imported in considerably larger quantities
than in April, 1924. The production and shipments
of newsprint paper were slightly larger in April than
in either the previous month or a year ago. Imports
of newsprint paper, on the other hand, were less than
in March but were 10 per cent greater than in April,
1924.
NEWSPRINT PAPER PRODUCTION AND MILL STOCKS
(April, 1925, is latest month plotted)

1,000

Exports of upper and s.ole leather were much smaller
in^April than in either the previous month or in April,
1924. Leather prices declined somewhat from the
previous month but were higher than a year ago.
Production of boots and shoes, while slightly less than
in March, were a little larger than a year ago. Boot
and shoe prices remained at the same level as in the
previous month and were higher than in April, 1924.
A decline from March in the production of glove
leather was accompanied by an increase in stocks as
compared with the previous month; both production
and stocks were less than a year ago.
AUTOMOBILES AND RUBBER

The automobile industry established a new record
during April, the production both of passenger cars
and of trucks being the largest recorded in a single
month. The number of passenger cars produced in
the United States during April was 18 per cent



An increase in the production of box board from
March was accompanied by a decline in shipments
which resulted in an increase in the stocks on hand at
the end of April. Both production and shipments of
boxboard were slightly smaller than a year ago.
Orders received by boxboard mills in April and unfilled orders at the end of the month were less than for
March but larger than a year ago. The production
of paper-board shipping boxes in April was slightly

less than in the previous month, an increase in production of solid fiber boxes being more than offset
by a decline in the production of corrugated boxes.
Sales of abrasive paper and cloth, both domestic and
foreign, were less than in the previous month, domestic
sales being greater and foreign sales smaller than a year
ago.
BUTTONS AND OPTICAL GOODS

The fresh-water pearl button industry operated
at 45.5 per cent of capacity in April as compared with
43.6 per cent in March and 41.6 per cent a year ago.
Stocks of buttons at the end of April continued to
decline and were 12 per cent less than a year ago.
Production, orders and shipments of illuminating
glassware were all less in April than in March, and except for shipments, were smaller than a year ago. Sales
and unfilled orders of spectacle frames and mountings
also declined somewhat from the previous month.

BUILDING CONSTRUCTION

Contracts awarded for building construction in the
27 Northeastern States showed a further increase in
April, all types of buildings participating in the
increase over the previous month in square footage
with the exception of educational buildings and all
types increasing in value of contracts awarded except
educational and industrial buildings. Compared with
April, 1924, all classes of buildings increased substantially in the square footage of contracts awarded
except educational buildings and all types increased
in value of the contracts except industrial buildings.
Fire losses in the United States and Canada in
April exceeded those in the previous month by 13
per cent and exceeded those in April, 1924, by 18 per
cent. For the first four months of 1925 fire losses
were 9 per cent greater than for the corresponding
period of last year.

VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES
(April, 1925, is latest month plotted)

BUILDING MATERIALS

Lumber production increased in April in spite of
declines in southern pine, North Carolina pine, redwood, and walnut. Compared with a year ago and
with the first four months of 1924, lumber production
increased except for redwood, hemlock, hardwood, and
western pine, though California white and sugar pine
declined from April, 1924, only. Shipments and orders
of lumber were also larger than in March, 1925, or
April, 1924, except in a few cases. Stocks increased
over both periods except for western pine as compared



with a year ago, and California white pine from both
periods. ' Total hardwood stocks increased and unfilled
orders declined despite an increase in stocks of gum.
Prices of lumber declined from March, while exports
increased and were 23 per cent higher than a year ago.
Retail sales in the Minneapolis district were over 50
per cent greater than in either the previous month or
April, 1924, while stocks in retail yards declined
slightly from both periods.
*
Shipments and unfilled orders of wooden furniture declined from March but both increased over April, 1924.

15
Although oak-flooring production reached the
highest point for the year in April, maple flooring
output was at the lowest point. Shipments of both
kinds of flooring increased over March, and while
oak flooring orders and unfilled orders increased and
stocks declined, the situation respecting maple flooring
was exactly opposite. Compared with a year ago,
new orders and stocks on hand increased for both
kinds of flooring, but production, shipments, and
unfilled orders increased for oak flooring and declined
for maple flooring.
Production, shipments, and unfilled orders of face
brick increased over all previous months of the year
in accordance with the usual seasonal conditions,
while stocks declined. Compared with a year ago,
all items except shipments declined.
Paving-brick production increased to 81 per cent

CEMENT PRODUCTION, SHIPMENTS AND STOCKS
(April, 1925, is latest month plotted)

Shipments and stocks of enameled sanitary ware
increased slightly over March, while unfilled orders
declined. Unfilled orders declined, while new orders
increased for baths and sinks and declined as respects
the other items. Compared with a year ago, shipments of baths and sinks increased, while the other
articles showed smaller shipments, but new orders increased for all groups except the miscellaneous. Unfilled orders were less than half as large as a year ago
and stocks were from 80 to 200 per cent larger. For
the first four months of 1925, shipments and new
orders were less for all articles than a year ago.



of capacity in April, comparing with 57 per cent in
April, 1924, while shipments, stocks, new orders, cancellations, and unfilled orders also increased over both
the previous month and a year ago, except for new
orders from March and unfilled orders from a year ago.
Terra-cotta bookings in April were the largest on
record in tonnage and were exceeded only by April,
1920, in value. Common-brick prices remained unchanged.
Cement production and shipments, making the
usual seasonal increases over March, were considerably larger than a year ago, and stocks were also
larger in about the same proportion. No price changes
were noted for cement. Concrete paving contracts
awarded in April exceeded by 70 per cent the contracts awarded in April, 1924, and were more than
double the March awards.

CHEMICALS AND OILS

Imports of potash and of nitrate of soda were smaller
than in March but were about double the April,
1924, imports. Exports of sulphuric acid and of coaltar dyes increased over March, the latter attaining
the highest mark for the year, while exports of fertilizer and vegetabla dyes declined. Compared with a
year ago, sulphuric acid and fertilizer exports declined,
while dyes and dyestuffs increased.
Prices of crude drugs, essential oils, and oils and
fats showed declines from March, according to the

16
price-index numbers, while other chemical and oil indexes were unchanged. Compared with a year ago,
the indexes for essential oils and oils and fats increased
considerably, the other indexes making declines. Sulphuric-acid prices showed no change from either period.
With the advent of the new season for turpentine
and rosin, receipts at ports increased over March and
stocks declined. Compared with a year ago, turpentine receipts increased, rosin receipts showed almost
no change, while stocks of both commodities on April
30 were less than a year ago.
IMPORTS OF POTASH AND NITRATE OF SODA
(April, 1925, is latest month plotted)
200

Similarly, flour prices declined from March but increased over a year ago.
Receipts and shipments of corn at interior markets
were smaller than in April, 1924, but the visible supply
was 28 per cent larger. Exports declined from a year
ago by 48 per cent, while grindings into glucose and
starch were 19 per cent less than in April, 1924. Corn
prices continued to decline but were considerably
higher than a year ago.
Barley receipts also were less than in April of last
year, but exports were 32 per cent greater. The price
of barley declined from March but increased over a
year ago.
Rye receipts and exports were both considerably
higher than in April, 1924, and the price of rye was
also higher, though less than in March.
Total carloadings of grain and grain products
declined from March and were 12 per cent less than a
year ago, but exports of grains increased over March
and were almost twice as large as in April, 1924.
Receipts and shipments of rice were smaller in April
than a year ago and stocks were slightly less than on
April 30, 1924. Imports increased over April, 1924,
but exports were only half as large, both for April and
for the first four months of the year.
Car-lot shipments of apples and citrus fruits,
storage holdings of apples, and receipts of hay were all
less than in April, 1924, while car-lot shipments of
potatoes and onions were greater.
MEATS AND DAIRY PRODUCTS

Exports and imports of vegetable oils were less than
in either March, 1925, or April, 1924, although for the
first four months of the year, exports were 35 per cent
above a year ago. Stocks of cottonseed and production of cottonseed oil were larger than a year ago, but
stocks of cottonseed oil at the end of April were
slightly smaller than on April 30, 1924. Cottonseed
oil prices showed no change from March but increased
10 per cent over a year ago. Flaxseed receipts and
stocks at northwestern points increased over a year
ago, while shipments declined. Considerable increases
over April, 1924, were noted in shipments from Minneapolis of linseed oil and oil cake.

Movement and slaughter of cattle and calves increased over a year ago. Exports of beef products
declined, but cold-storage holdings were larger although declining seasonally since the beginning of this
year. Cattle prices averaged less than in March,
carcass beef remained unchanged while steer rounds
advanced.
PRODUCTION, EXPORTS, AND STORAGE HOLDINGS OF PORK AND
PORK PRODUCTS
(April, 1925, is latest month plotted)

CEREALS

Except for an increase of 41 per cent in the Canadian
visible suppty of wheat over March 31, all wheat
movements declined from March in the usual seasonal
course. Compared with a year ago, receipts, shipments, and exports of wheat were all larger, the latter
increasing 50 per cent. The visible supply of wheat
in the United States at the end of April declined from
a year ago, but the Canadian visible was larger.
Although wheat prices averaged less than in March,
they were considerably higher than a year ago.




Hog movement and slaughter declined about 25 per
cent from April, 1924, while cold-storage holdings
were 20 per cent less and exports 40 per cent less than
a year ago. Holdings of lard, however, were larger

i:
than a year ago. Prices of hogs and lard declined
from March, while smoked hams advanced. All these
prices made considerable increases, however, over
April, 1924.
Receipts, shipments, and local slaughter of sheep
increased about 15 per cent^ over a year ago, while the
meat production from sheep slaughter was 20 per
cent higher. Storage holdings of lamb and mutton
were less than at this time last year. Prices of sheep
declined from March and from a year ago.
Receipts of butter at the principal primary markets
increased almost 5 per cent over the previous month
but were slightly more than 2 per cent below a year ago.
Storage holdings of creamery butter at the end of April
were about 60 per cent smaller than a year ago, while
the wholesale price of butter, averaged for the five
markets, was 6 per cent below that which prevailed in
March but 14 per cent above a year ago.
Receipts of cheese likewise increased over the previous month but were 5 per cent smaller than in April,
1924. Cold-storage holdings of American cheese at
the end of April were about the same as those of a year
ago, and while the price of cheese averaged 1 per cent
below the March price it was 23 per cent above that
which prevailed in April, 1924.
Egg receipts at the primary markets increased seasonally over the previous month and registered an
advance of 3 per cent over the April, 1924, movement.
Storage holdings of eggs likewise increased seasonally
and at the end of April were almost three times as large
as the holdings on April 30, 1924.
SUGAR AND COFFEE

Raw sugar was imported in larger volume in April
than in any previous month of this year, the April importation being 26 per cent greater than a year ago.
For the calendar year thus far shipments of sugar into
the United States were 6 per cent larger than during
the same period of 1924.
Sugar meltings at the principal refineries declined
from March but were 28 per cent larger than in April
of last year, while the total for the first four months
of 1925 was 11 per cent greater than the meltings
during the same period last year. Refinery stocks of
raw sugar on April 30 were slightly more than 1 per
cent greater than the holdings of a year ago. Receipts of domestic cane sugar at New Orleans were
three times as large as in April, 1924, but this movement for the first four months of 1925 recorded a decline from the previous year, amounting to 82 per cent.
Exports of refined sugar in April declined 6 per cent
and 20 per cent, respectively, from the previous month
and a year ago. Wholesale prices of raw sugar averaged 4 per cent below quotations in March and 30 per
cent below a year ago, while refined sugar prices
recorded similar declines from both these periods.
Receipts of sugar at Cuban ports were 32 per cent
larger than in April, 1924, while the total movement
thus far this year was 15 per cent above the receipts
 47995—25f
3


in the first four months of 1924. Exports of raw sugar
from Cuba increased 41 per cent over the outward
movement of April, 1924, while the total shipments
during the first four months of 1925 were slightly more
than 1.2 per cent greater than during the same period
of last year. Stocks of raw sugar held at Cuban
ports on April 30 were 23 per cent larger than at that
time a year ago.
RAW SUGAR: IMPORTS, MELTINGS AND REFINERY STOCKS
(April, 1925, is latest month plotted)

Imports of coffee were considerably smaller in April
than in either the previous month or the corresponding
month a year ago. Brazilian receipts and clearances of
coffee likewise declined from both previous periods with
which comparison is made. The world visible supply
of coffee, on the other hand, was slightly larger than in
March and 23 per cent greater than in April, 1924, and
the visible supply in the United States, while 10 per
cent greater than last year, was considerably less than
at the end of the previous month. Imports of tea
likewise showed considerable declines from both the
previous month and April, 1924.
TOBACCO

April consumption of tobacco, as evidenced by taxpaid withdrawals from warehouses, was slightly smaller
for each kind of tobacco than in March but, except for
cigars, was larger than a year ago. Exports of unmanufactured leaf were likewise somewhat smaller
than in March and were less than one-half the exports
of April, 1924. The wholesale price of burley tobacco
remained at the same figure as in recent months but
was 13 per cent less than a year ago.
RELATIVE CONSUMPTION OF CIGARETTES AND CIGARS
(1913 monthly average=100. April, 1925, is latest month plotted)

18
SHIPPING

The opening to traffic of the Sault Ste. Marie
Canals was accompanied by very much larger shipments than during April of last year. Ohio River
traffic from Pittsburgh to Wheeling was about 43 per
cent ,inr excess'.of the previous month and 39 per cent
greater than in-April, 1924, the total of such traffic
for the first four months of 1925 being 14 per cent
greater than for the corresponding months of last year.
Due principally to larger tonnages of American
vessels, entrances and clearances at American ports of
vessels engaged in foreign trade in April exceeded in
tonnage those for either the previous month or., for
April, 1924. Compared with April, 1924, however,
American vessels entering domestic ports showed but a
small increase while clearances of American vessels
declined.

paper advertising for April, on the other hand, registered slight increases over both previous periods.
Postal receipts in the 50 largest cities were practically
the same as in March, and for the 50 industrial cities
showed a slight increase from the previous month,
these comparisons in postal receipts being somewhat
affected, however^ by the increases in postal rates
as of April 15, 1925.
Delinquent accounts reported by the electrical
trade, while larger in number, were considerably
smaller in amount than at the end of March, but were
larger in both respects than at the end of April, 1924.
SALES BY MAIL-ORDER HOUSES AND TEN-CENT CHAIN STORES
(April, 1925, is latest month plotted)
70

RAILROADS

The average daily surplus of freight cars was slightly
smaller for the last week of April than for the corresponding week of March, this decrease being due to
a decline in surplus coal cars which more than offset
the increase in surplus box cars. Bad-order cars at
the end of the month continued to increase and constituted 8.2 per cent of the total in use at the end of
April as compared with 8.1 per cent at the end of
March and 7.9 per cent a year ago. April car loadings
fell considerably short of the March total, all classes
of shipments participating in the decline from the
previous month with the exception of ore. Compared
with a year ago, however, April car loadings increased
in the total and in all classes except grain and livestock.
SHORTAGE, SURPLUS, AND BAD-ORDER FREIGHT CARS
(April, 1925, is latest month plotted)

LIFE INSURANCE

The new life insurance business in April was
slightly less in number of contracts but slightly larger
in the amount of insurance written than in March.
Compared with a year ago, however, new insurance
showed an increase of 10 per cent in number and 17
per cent in amount of policies. Premium collections
in April were also smaller than for the previous
month, a slight increase in the premium collections of
ordinary life insurance policies being more than
offset by the decline in premiums for industrial and
group policies. Compared with a year ago, however,
premium collections showed an increase of 16'per
cent, all classes of policies participating in the advance. The assets of life insurance companies continued to increase, the only decline being in holdings
of Government bonds.
BANKING AND FINANCE

1920

I

1921

DISTRIBUTION MOVEMENT

Sales by mail-order houses and 10-cent chain
•stores in April were substantially larger than in
either the previous month or in April, 1924. For
the first four months of 1925 sales exceeded the
'Corresponding totals of last year by approximately
12 per cent. Magazine advertising appearing in
May periodicals was slightly smaller than the linages
for either the previous month or a year ago. News-




Check transactions in April as evidenced by bank
debits and by bank clearings were smaller both in
New York City and for the rest of the country than
in the previous month, but ranged from 10 to 16
per cent larger than a year ago. Check transactions
for the first four months of 1925 were almost onefifth larger in New York City than for the. corresponding four months of 1924, and about 11 per cent larger
in the country outside New York City than for the
corresponding period a year ago.
Total deposits and discounted bills reported by the
Federal reserve banks at the end of April were slightly

19
larger than at the end of the previous month, while
notes in circulation, investments, and reserves were
smaller than at the end of March. Compared with a
year ago only deposits and investments showed increases. The reserve ratio was the same for April
as for the previous month, standing at 77.3 as compared with 82.0 in April, 1924. Federal reserve
member banks reported a slightly larger volume of net
demand deposits, loans and discounts, and investments than for the previous month. These items
were all considerably larger than in April, 1924.
Interest rates both for demand and time loans remained practically the same as in the previous month,
but were considerably lower than a year ago.
NUMBER OF BUSINESS FAILURES AND AMOUNT OF DEFAULTED
LIABILITIES
(May, 1925, is last month plotted)

April, 1924, being more than offset by the declines
in sales of Liberty bonds. Bond prices exhibited a
slight upward tendency as compared with the previous
month, the only decline being in the price of public
utility bonds. Compared with a year ago, all bond
prices showed increases ranging from 2 to 9 per cent.
Prices of stocks averaged slightly less in April than
in the previous month but were about 25 per cent
higher than a year ago.
GOLD AND SILVER

Receipts of gold at the mint ill April were 11 per
cent greater than in March and 6 per cent greater
than in April, 1924. Imports of gold were somewhat
greater and exports somewhat smaller than in the
previous month, imports being only one-fifth of the
volume in April, 1924, while exports were fifteen
times as large as a year ago. The production and
exports of silver were somewhat greater in April
than for either the previous month or for a year ago.
Imports of silver, on the other hand, were considerably
less in April than in March, although larger than in
April, 1924. Prices of silver, both at New York and
London, continued to decline.
FOREIGN EXCHANGE AND TRADE

The Government debt was slightly less than for
either the previous month or for April, 1924. Government receipts and expenditures were also smaller
than for the previous month or for a year ago, customs
receipts alone showing a decline of 17 per cent from
March.
The number of business failures in April was larger
than in either March or a year ago, due to a larger
number of failures among trading establishments.
The liabilities of failing concerns were also larger than
in March but were 24 per cent less than a year ago.
The liabilities of trading establishments were larger
and those for manufacturing establishments and for
agents and brokers smaller than for either the previous
month or for April, 1924.
Dividend and interest payments listed for distribution in May were considerably smaller than for
the previous month but were larger than those listed
for payment in May, 1924. Sales of stock on the
New York Stock Exchange were less than one-half
those recorded in the previous month but were
slightly larger than in April, 1924. Bond sales also
declined from the previous month and were slightly
less in total than a year ago, the 34 per cent increase
in sales of miscellaneous bonds as compared with




The general index of foreign exchange in April
was the same as for the previous month and for
April, 1924. Slight declines in the Swedish krone,
in the rupee, in the Argentine peso, and in the milreis
were offset by increases in the pound sterling, guilder,
yen, and Chilian peso.
Both exports and imports of merchandise from and
into the United States recorded declines from their
respective March movements, but each movement
was well above a year ago.
IMPORTS AND EXPORTS OP MERCHANDISE FROM THE UNITED
STATES
(April, 1925, is latest month plotted)

1920

1921

1922

1923

20

INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., in various groups 01 industry and commerce. They consist in general of weighted combinations of series
of individual relative numbers; often the individual relative numbers making up the series are also given. The
function of index and relative numbers is explained on the inside front cover. A condensed form of this table
is given on page 7.
Maximum
since
Jan. 1,
1920

Minimum
since
Jan 1,
1920

179

73

146
212
137
121
241
148
176
136
131
145

PEB CENT I]SfCKKASE (+ )
OB DECB EASE <-)

mi

1M4
Febru- March
ary

April

February

March

April

Apr., 1925,
from
Mar., 1925

101

94

87

95

96

85

11.5

62
105
41
0
0
17
74
38
57
80

124
176
122
104
0
130
141
117
91
125

122
189
106
111
0
129
153
127
84
117

107
189
78
93
2
131
143
119
80
100

118
113
191
172
97
100
96
98
0
0
137 • 148
176
150
136
124
77
82
104
108

114
194
87
102

138
227
143
177
153
245
390
137
190

80
19
58
64
54
30
21
45
94

105
31
71
143
62
84
139
71
119

107
69
76
131
60
101
85
101
132

118
56
85
117
60
209
79
95
128

102
27
75
122
61
98
107
105
122

246
242
254
405
278
170

49
43
58
50
19
19

87
121
132
98
40
65

71
94
149
89
33
41

54
55
121
87
35
24

135
133
164
267
168

61
59
51
20
24

114
117
105
65
106

117
122
105
47
114

130
135
129
130
147
154
115
121
171
143
195
125
155

71
68

122
117
107
106
129
131
85
103
136
104
177
97
122

124
124
109
100
142
138
89
104
141
123
195
102
131

Apr., 1925,
from
Apr., 1924

PRODUCTION
( Relative to 1010 monthly average as 100)
RAW MATERIALS

Grand totaL

-

2.3

MINERALS

Total
Petroleum
..
Bituminous coal
Anthracite coal ..
..
Iron ore *
CoDDcr
Lead
.
.
Zinc . ..
Gold
Silver
/V

^

. ...
..
...
..

--«.-.--*
.«.-. - ....
...

C

F
F

*
———
--.-.--!

3.4
+ 1. 6
-10. 3
+ 6. 3

139
162
122
85
109

+ 6.5
+ 2. 6
+ 11. 5
+ 9. 7
+ 1050. 0
+ 6. 1
6. 1
+ 13. 3
-8. 0
-10. 3
+ 2.5
+ 10.4
+ 6.3
+ 9. 0
+ 4.8

111
31
91
94
66
154
75
137
139

115
23
89
87
68
215
80
105
134

+ 3.6
25 8
2 2
7. 4
+ 6. 1
+ 39.6
+ 6. 7
23. 4
3. 6

2.5
58. 9
+ 4. 7
25. 6
+ 13.3
+ 2.9
+ 1. 3
+ 10. 5
+ 4. 7

81
82
129
69
79
59

75
80
137
71
70
35

49
43
134
86
42
19

34.7
46 3
2 2
+ 21 1
40. 0
85. 7

9.3
21 8
+ 10. 7
1. 1
+ 20. 0
-20. 8

129
127
164
103
108

112
116
88
67
128

124
128
119
67
168

131
131
146
106
137

+ 5.6
+ 2. 3
+ 22 7
+ 58. 2
18. 5 +

118
118
104
97
115
142
84
112
141
129
176
100
131

124
115

129
129
95
112
143
150
94
111
160
125
182
109
139

130
130

+ 0.8
+ 0.8
0 0
0 9 .
14 0
+26
2 1
+45
3 i
+ 12 8
+05
1 8
+ 11 5

-

23

ANIMAL PRODUCTS (marketings)
Total

Wool *
Cattle and calves
Hogs
Sheep
Eggs *
Poultry *
Fish
Milk (New York)

--

CROPS (marketings)
Total

Grains *
Vegetables*
Fruits*
Cotton products *
Miscellaneous crops *. . . .
..
FOREST PRODUCTS

Total
Lumber
Pulpwood
Gum (rosin and turpentine) *
Distilled wood

;.

MANUFACTURING

Grand total (adjusted for working days)
Grand total (unadjusted)
Foodstuffs .
Textiles
Iron and steel. .
...
Lumber..............
..
Leather .
Paper and printing
Chemicals, oils, etc ... . . .
...
Stone and clay products ..
Metals, excepting iron and steel
Tobacco
Miscellaneous

77
54
32
57
63
69
92
69
71
70
87

* Fluctuations between maximum and minimum due largely to seasonal conditiors.




94
108
127
137
85
99
152
100
171
100
112

95
111
123
154
92
116
155
141
183
107
155

+ 1.6
+ 3. 1
11 0
+ 2. 9
126. 9

i
+ 10.2
+ 10.2
8 7
+14 4
4-7 o
+85
+95
+36
+99
+93
+40
+70
+ 18. 3

21
INDEXES OF BUSINESS—Continued
PER CENT INCREASE (+)
OR DECREASE (— )

1925

1934

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

February

March

April

February

March

April

155
233
189
115
175

91
73
89
58
86

137
173
117
75
161

1S6
169
110
79
161

136
164
109
86
163

152
187
139
86
174

149
192
130
80
171

141
176
120
75
171

-5.4
-8.3
-7.7
6 3
0.0

+ 3.7
+ 7.3
+ 10. 1
12 8
+ 5.5

162
239
187
115
175

84
70
68
56
89

141
186
116
77
161

146
212
103
75
164

136
178
97
73
165

164
234
137
83
175

160
239
120
74
173

145
199
105
69
173

9.4
16. 7
-12.5
6. 8
0.0

+ 6.6
+ 11.8
+ 8.2
5. 5
+ 4.9

116
112
153

40
37
25

63
47
129

61
46
124

54
40
112

63
50
115

58
46
105

54
42
104

-6.9
8 7
1. 0

0.0
+ 5.0
-7. 1

.--._ 98
117
78
100
130
123
78

62
58
39
*62
88
64
43

78
90
49
77
109
98
63

80
104
65
80
118
90
62

78
108
69
79
114
81
61

76
91
46
73
109
88
69

83
107
63
79
121
96
73

79
108
64
75
115
87
68

4.8
+ 0.9
+ 1.6
-5. 1
-5.0
-9.4
-6.8

+ 1.3
0.0
-7.2
-5. 1
+ 0.9
+ 7.4
+ 11.5

148

49

96

105

114

105

120

117

2.5

366
214
264
186
193
276
188

84
55
119
109
106
108
72

140
97
201
143
124
167
93

163
99
200
149
136
184
118

178
88
211
145
130
205
178

156
99
236
146
119
175
100

177
105
255
160
131
188
127

195
107
264
159
137
210
178

4-10.2
+ 1.9
+ 3.5
-0.6
+ 4. 6
+ 11.7
+ 40.2

+ 9.6
+ 21.6
+ 25. 1
+ 9.7
+ 0.8
+ 2.4
-0.0

210
154

80
101

102
127

115
138

133
140

101
127

121
138

135
140

+ 11.6
+ 1.4

+ 1.5
0.0

97
99
97
94
97
97
101
99
95
102
97
96
97

96
97
96
95
97
97
101
103
99
105
95
96
96

95
93
91
94
98
92
101
101
102
100
92
95
94

92
93
92
88
93
95
101
92
92
91
93
87
92

92
90
92
89
93
95
102
99
96
95
94
90
93

92
86
91
88
94
92
101
102
100
93
86
92
94

STOCKS
(Relative to 1910 monthly average as 100)
(Corrected for seasonal variation) ,
Total

Raw foodstuffs _ Raw materials f°r rnannfacture _ _ __
Manufactured foodstuffs
Manufactured c^minoditiea
(Unadjusted Index)
Total
-Raw foodstuffs
Raw materials for manufacture .
Manufactured foodstuffs
Manufactured cftrnmodities
UNFILLED ORDERS

Apr., 1925,
from
Mar., 1925

Apr., 1925,
from
Apr., 1924

(Relative to 1920 monthly averages as 100)
(Iron, Steel, and Building Materials)

Total (8 commodities)
Iron and steel
Building materials
WHOLESALE

TRADE

(Relative to 1919 monthly average as 100)
(Distributed by Federal Reserve Districts)

Grand total, all classes . . .
Hardware (10 districts) -_
Shoes (8 districts)
Groceries (11 districts)
Drugs (7 districts)
Dry goods (9 districts)
Meats (2 districts) _ _•
RETAIL TRADE
(Relative to 1919 monthly average as 100)
MAIL-ORDER HOUSES (4 houses)
CHAIN STORES:
Ten-cent (5 chains) Music (4 chains)
Grocery (27 chains)
Drug (9 chains)
Cigar (3 chains)
Candy (5 chains)
Shoe (6 chains)
.
DEPARTMENT STORES:
Sales (359 stores) - . . Stocks (314 stores)
EMPLOYMENT

+2.6

(Relative to 1923 monthly average as 100)

Number employed, by industries:
Total) all classes
Food products
Textiles
Iron and steel
Lumber
Leather
Paper and printing
Chemicals
Stone, clay, and glass
<
Metals, except iron and steel
Tobacco products.
Vehicles
Miscellaneous




.

0.0
-4. 4
-1. 1
-1. 1
+ 1. 1
-3.2
-1.0
+ 3.0
+ 4.2
-2. 1
-8.5
+ 2.2
+ 1. 1

3 2
-7.5
0.0
-6.4
-6. 1
0.0
0.0
+ 1.0
-2.0
-7.0
6 5
7 2
0.0

22
INDEXES OF BUSINESS—Continued
Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

1924

February

March

PER CENT INCREASE (-f)
OR DECREASE (-)

1925

April

April

Apr., 1925,

Apr., 1925,

Mar., 1925

Febru- March
ary

Apr., 1924

from

from

PRICE INDEX NUMBERS
FARM PRICES
(Relative to 1909-1914 average as 100)

235
283
373
186
215
304
180

110
88
114
91
111
76
80

136
113
123
102
152
247
98

131
114
123
104
136
219
99

130
113
128
106
126
226
98

146
178
131
126
142
183
96

151
172
138
145
134
195
94

147
152
146
146
131
189
94

2 6
-11.4
+ 5.8
+ 0. 7
2 2
— 2. 1
0.0

+ 13. 1
+ 34. 5
+ 18.7
+ 37.7
+ 4.0
16 4
-4. 1

248
243
248
346
281
203
300
213
275
208

138
114
131
171
162
109
155
121
170
113

153
143
143
196
180
143
182
131
176
113

150
137
141
191
181
144
182
130
175
113

148
139
137
189
179
139
182
128
175
113

161
162
157
191
178
136
183
135
173
125

161
161
159
191
174
134
180
134
170
125

156
153
154
190
169
129
174
134
171
129

-3. 1
5 0
3 1

— 0.5
2 9
37
33
0.0
+ 0.6
+ 3.2

+ 5.4
+ 10. 1
+ 12.4
+ 0.5
-5.6
7 2
4 4
+ 4.7
2 3
+ 14.2

247
244
249

138
118
146

152
139
154

150
137
153

148
135
151

161
136
167

161
135
168

156
131
166

31
30
1. 2

+ 5.4
3 0
+ 9.9

249
. . 311
218
375
272

135
122
103
152
165

156
176
116
195
177

154
165
118
194
179

154
166
119
195
174

169
193
136
201
175

169
183
148
196
173

161
173
141
187
168

4 7
5. 5
4 7
-4.6
2 9

+ 4.5
+ 4.2
+ 18.5
4. 1
3 4

.

267
246
272

142
102
125

163
148
189

160
145
179

158
140
182

167
147
178

169
146
180

164
142
174

3. 0
-2.7
3. 3

+ 3.8
+ 1.4
4. 4

(Relative to 1913)
Dun's ( 1st of following month)
Bradstreet's (1st of following month)

218
227

134
115

158
140

154
137

153
136

167
150

161
149

160
145

0. 6
-2.7

+ 4.6
+ 6.6

205
219
186
288
200
192

155
139
143
153
149
171

164
147
180
177
175
174

168
144
185
176
172
174

163
141
185
177
168
174

165
151
183
172
169
175

165
151
182
173
169
175

165
151
182
171
165
175

0.0
0.0
0.0
1.2
-2.4
0.0

+ 1.9
+ 7.1
1. 6
3. 4
1. 8
+ 0.6

All groups

Gram
_
_
Fruits and vegetables.
Meat animals
Dairy and poultry
.
Cotton and cottonseed
Unclassified

_

.

__

WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1913)
All commodities

Farm products
Food, etc. .
Cloths and clothing
Fuel and lighting

.

_

Mptftls and metal products

Building material
Chemicals. .

.

IfTQllse-fiirnishing goods

Miscellaneous
Federal Reserve Board Regrouping of Department
of Labor Indexes
(Relative to 1913)
AH commodities

Producers' goods .
Consumers' goods. .

..

Total raw products
Agricultural products
Animal products
Forest products.. .
Mineral products

. .
...

Federal Reserve Board Indexes

(Relative to 1913)
All commodities
Goods imported
.
Goods exported .
Commercial Indexes

COST OF LIVING
National Industrial Conference Board Indexes

(Relative to July, 1914)
All items weighted
Food (Dept. Labor)
Shelter. ..
.. .. .
Clothing
Fuel and light
Sundries .




.

23

MAY DATA
The following table gives such May data as have been received to and including June 13,1925, except wholesale prices of individual commodities, which
appear on page 5. Text matter covering May data is given on page 1
1925

1925
ITEM

April

May

May,
1924

ITEM

TEXTILES

22,409
14,219
Imports, unmanufactured
. _
bales
16, 107
330,967 326, 357
Exports, unmanufactured (including linters)— bales .. 472, 555
531,471 413, 967
Consumption by textile mills
bales. . 597, 104
Stocks, end of month:
Total, mills and warehouses
bales - 3, 1£0, 661 2, 483, 224 2, 283, 710
Mills
bales-- 1, 514, 514 1, 348, 304 1, 157, 428
Warehouses
-bales 1, 666, 147 1, 134, 920 1, 126, 282
Machinery activity of spindles:
33, 148
30,484
33, 413
Active spindles
thousands

Wool
.thous. oflbs..
_ .-thous. of lbs._
___thous. of lbs~

4,075
15, 140
19, 215

8,866
7,340
16,206

11, 367
7, 651
19, 018

bales..
bales -

40,040
39,271

38, 266
42, 517

28, 272
27, 074

Pig iron, production
thous. of long tons. . 3,259
Furnaces in blast:
220
Furnaces
number ..
Capacity
- - -long tons per day. _ 100, 080
Steel ingots, production
thous. of long tons
^ 3,588
Unfilled orders, U. S. Steel Corp., end of
month .
---thous. of long tons- . 4,447
Wholesale prices:
2.50
Composite finished steel
_ .dolls, per 100 lbs._
21.70
Composite pig iron
dolls, per ton..
2.73
Composite steeLdolls, per 100 Ibs..

2,931

2,615

196
89, 500
3, 458

184
77, 300
2,640

4, 050

3,628

2.46
20. 65
2.69

2.64
22.57
2.86

SilTt
Consumption (deliveries)..
Stocks

..
_

-

number
. _ number ..
number. .

92
82
10

96
68
28

111
93
18

number. .
.number ..
number--

477
362
115

467
353
114

643
589
54

- .number _ number-number. .

5,525
104
84

8,944
22
51

463
131
118

VESSEL CONSTRUCTION

Completed during month:
Total
Steel seagoing

gross tons..
gross tons..

15, 526
6,261

31,826
16,200

26,972
13, 166

number-- number
number

3,933
71
62

3,733
79
92

3,428
44
48

2,309
18, 105
6,655

1,404
20,897
4, 910

4,067
19, 711
5,240

86, 674
97, 702
36, 674

86, 457
99, 476
42, 420

81, 143
95,332
84, 728

56, 210
57, 122
8,740

49, 500
57, 100
13, 500

35, 510
32, 756
8,338

PATENTS ISSUED

Total, all classes
.Agricultural implements
Internal-combustion engines
NONFERROUS METALS

Stocks, end of monthUnited States
long tons
World visible supply .
-long tons
Deliveries (consumption)
long tons
Zinc:
Retorts in operation, end of month
number ..
Production
thous of Ibs
Stocks, end of month
thous. of Ibs..
Shipments:
By railroads
Dri veaways
By boat

AUTOMOBILES

-

59, 332
41, 929
39, 856

60,335
43, 144
37,525

59,360
40, 405
32, 322

thousands
thousands

13, 526
8,538

15, 965
•12, 287

14,092
11, 494

M f t b. m
M ft. b. m
M f t b. m
M ft b m
M ft. b. m..

43, 473
44, 432
43, 326
51, 702
47, 349

41, 329
42, 104
43, 372
51, 254
50, 862

37, 769
38, 185
30,853
49,706
41, 164

net tons..
thous. of dolls..

17, 279
1,999

9.912
1, 220

10, 171
1,230

thous. of bbls
thous. of bbls. .
thous of bbls

13, 807
14, 394
19, 877

15, 503
16, 735
18,646

13, 777
14, 551
16, 403

Flooring
Oak flooring:
Production
Shipments
Orders booked
Stocks, end of month
Unfilled orders, end of month
Bookings:
Quantity
Value

Architectural terra cotta

Cement

Production...
Shipments
Stocks

CHEMICALS AND DRUGS

Wholesale prices
Drugs and Pharmaceuticals
Essential oils
Crude drugs

RAILROAD EQUIPMENT

Tin:

M ft b m
M ft. b. m
M f t, b m

Lumber
Northern pine:
LumberProduction
Shipments
Orders received
LathProduction
Shipments

IRON AND STEEL

Locomotives:
Shipments —
Total
Domestic
Foreign
.
Unfilled ordersTotal
-•_
Domestic
Foreign
_.
New equipment ordersFreight cars
Passenger cars
Locomotives

May

BUILDING MATERIALS

Cotton

Receipts at Boston:
Domestic
Foreign
Total
-_

May,
1924

April

carloads
number of machines. .
- number of machines

BUILDING AND HOUSING

Contracts awarded, floor space (27 States):
Business buildings...
thous. of sq. ft.. 10, 175
Industrial buildings
thous. of sq. ft..
5,935
Residential buildings
_
thous. of so. ft
46, 203
Educational buildings
thous. of sq. ft_.
4, 762
Other public and semipublic
buildings
thous. of sq.ft..
5,288
Grand total
thous. of sq. ft.. 73, 221
Contracts awarded, value (27 States) :
Business buildings ..
_
thous. of dolls
56, 704
Industrial buildings
thous of dolls
44, 371
Residential buildings
thous. of dolls
235, 564
Educational buildings
thous. of dolls.. 30, 972
Other public and semipublic
buildings
thous. of dolls
44,695
Public works and utilities
thous. of dolls.. 82, 852
Grand total .
.
thous. of dolls
496, 157
Rental advertisements, Minneapolis
number..
5.458



12, 144
4,811
42, 206
4,079

9,245
3,755
34, 428
5,378

5,027
68, 865

4,586
63, 347

70, 108
23, 695
204, 475
25, 775

48, 390
20, 213
165, 376
35, 037

43, 053
56, 704
424, 188
5.450

32, 285
57, 226
358, 554
5.479

Receipts:
Minneapolis
Duluth
Shipments:
Minneapolis
Duluth— .
.
Stocks, end of month:
Minneapolis
Duluth

index number
index number..
index number

156
154
197

thous. of bush..
thous of bush

372
117

' 393
332

294
210

thous of bush
thous. of bush*

99
154

46
287

101
157

thous of bush
thous. of bush..

361
274

290
212

70
188

thous. of bush
thous. of bush .
thous of bush

10,423
10, 224
11,679

17,659
11, 566
11, 845

15,368
16, 131
13,737

thous of bush
thous of bush

14, 226
14,243

21,067
10,058

16,646
17,546

thous. of bush..
thous of bush
thous. of bush
. thous. of bush .

47,864
106, 076
25, 253
48, 082

36,911
48,744
18,760
35, 331

45,258
62,299
13,480
6,720

thous. of bush
thous. of bush. _
thous. of bush

12,210
3,600
4,400

11,100
6,000
4,600

6,660
8,400
2,600

545, 078
280, 444

450, 652
354, 416

432, 206
338, 092

long tons
836, 676
615, 616
.... long tons. . 536, 148 447, 557
long tons 1, 158, 245 1, 290, 663

375, 924
376, 019
929, 239

156
137
230

Flaxseed
_.

FOODSTUFFS

Receipts:
Wheat
Corn.
_
Oats
Shipments:
Wheat
Corn
_
Visible supply:
WheatUnited States
Canada
Corn
.
Oats
Argentine grain:
Visible supply—
Wheat
Corn
Flaxseed

Cereals
i

Sugar
Meltings
Stocks at refineries
_
Cuban movement —
Receipts, Cuban ports
Exports
Stocks, end of month

long tons
long tons -

Coffee
Visible supply:
World
_
...thous. of bags..
United States
thous. of bags. _
Receipts, total, Brazil.
_._thous. of bags..
Clearances:
Total, Brazil, for world
thous. of bags. _
Total, Brazil, for U. S
.. _ thous. of bags
TRANSPORTATION

5,353
695
715

5,446
537
498

4,665
657
1,073

679
278

618
292

940
466

26.1
26.0

24.9
25.6

28.4
25.7

3,722
131
110
596
313
91
2.481

3,934
146
111
649
307
250
2.471

3,655
160
127
575
297
199
2. 207

t

Index of ocean rates, Atlantic ports to:
United Kingdom
weighted index number..
All Europe
weighted index number
Car loadings (monthly totals):
Total
thous of cars
Grain and grain products
thous. of cars..
Livestock
_ thous. of cars _
Coal and coke
thous of cars
Forest products
_
thous. of cars..
Ore
thous of cars
Merchandise and miscellaneous thoiis. of cars

24

MAY DATA—Continued
1925

1925
May,
1924

ITEM

May,
1924

ITEM

April

May

thous. of dolls..
thous. of dolls..
thous. of dolls..
thous. of dolls..
thous. of dolls
thous. of dolls..
thous of dolls
thous. of dolls..

36, 275
21, 747
14, 528
32, 707
18, 890
8,150
3,412
2,255

29,529
17, 469
12,060
31,988
18, 510
7,838
3,545
2,095

27,404 United States— Continued.
16, 318 NEW YORK DISTRICT:
Total 7 centers
11,086
Albany
29,212 I
Buffalo..
17, 077
Rochester.
7,157
New York
3,017 PHILADELPHIA DISTRICT:
1,963
Total 10 centers

thous. of dolls. .
thous. of dolls. .

29,083
3,108

27, 455
2,873

25, 914
2,651

thous. of dolls

348, 698
399, 048

328,000
370,000

302, 988
335,099

number on pay roll

236, 557

236, 686

213, 589

U. S. interest-bearing debt
mills, of dolls.. 20,605
Qross debt
mills, of dolls— 20,913
Customs receipts
thous. of dolls. . 44,642
Ordinary receipts
thous. of dolls _. 182, 641
Total expenditures chargeable against
ordinary receipts
_
thous. of dolls.. 324, 679
Money in circulation:
4,725
Total
mills, of dolls..

20,603
20,899
42, 004
166, 834

21,287
21, 545
45, 221
190,408

234, 116

256,085

41.50

4,774
41.89

4,815
42.78

mills, of dolls.. 22, 849
mills, of dolls. . 17, 717

23,847
17, 103

20, 722
15, 928

April
DEBITS TO INDIVIDUAL ACCOUNTS— Continued

DISTRIBUTION

Mail-order houses, total sales
Sears, Roebuck & Co.—
Montgomery Ward & Co
Ten-cent stores, total sales
F W Woolworth
S. S. Kresge Co
S H Kress Co
McCrory Stores Corp
Postal receipts:
50 selected cities
50 industrial cities
U. S. foreign trade:
Imports
EMPLOYMENT

Detroit
.

PUBLIC FINANCE

BANKING AND FINANCE

Bank clearings:
New York City
Outside New York City
Federal reserve banks:
Total investments
Bills discounted
Notes in circulation
Total reserves
Total deposits..—-.
Reserve ratio
Member banks:
Total loans and discounts. .».
Total investments
Net demand deposits
Interest rates:
New York call loans
Commercial paper, 4-6 months

mills, of dolls. .
mills, of dolls..
mills, of dolls. .
mills, of dolls. .
mills, of dolls..
.per cent..

628
400
1, 684
2,993
2,187
77.3

640
414
1,671
2,982
2,202
77.0

421
430
1,891
3,214
1,997
82.7

mills, of dolls..
mills of dolls
mills, of dolls..

13,232
5,484
12, 814

13, 108
5, 485
12, 645

11, 951
4,659
11, 403

per cent—
per cent—

4.00
3.97

3.95
3.88

3.63
4.23

37, 189
13,097
21, 536
2,556

37, 027
18, 184
15,820
3, 023

36, 591
17, 157
15, 346
3,488

1,939
430
1,427
82

1,767
400
1,286
81

1,816
507
1,215
94

77.97
88.91
77.49
71.36
76.15
36, 464

73.17
84.42
70. 62
67. 39
72.34
13, 422

142. 34
79.50

106.43
62.53

.676
31. 273

.655
33. 870

BUSINESS FAILURES

Liabilities:
Total commercial
thous. of dolls..
Manufacturing establishments... thous. of dolls. .
Trade establishments
thous . of dolls _ .
Agents and brokers
thous. of dolls. .
Firms:
Total commercial..
number-Manufacturing establishments
number _
Trade establishments
number
Agents and brokers
number
STOCKS AND BONDS

Bond price indexes:
76.51
Combined index, 40 bonds .p. ct. of par, 4% bond..
87.66
10 highest grade rails
p. ct. of par, 4% bond—
75.90
10 second grade rails
p. ct. of par, 4% bond—
10 public utility bonds . . .. p. ct. of par, 4% bond. . 69.59
75.05
10 industrial bonds
p. ct. of par, 4% bond-Stock sales
_
shares.. 18, 314
Stock prices:
135. 40
25 industrials
_
dolls, per share
76.28
25 railroads
dolls, per share—
GOLD AND SILVER

Silver:
Price at New York
Price at London

.dolls, per fine oz..
pence per standard oz

.669
31. 372

DEBITS TO INDIVIDUAL ACCOUNTS

(By Federal reserve districts)
(Relative to 1919 monthly average=100)
United States, 141 clearing-house centers. ..
BOSTON DISTRICT:
Total, 11 centers
Boston
_ - - - Hartford
Providence. .
New Haven
-




May

119.0

124.4

107.0

131.5
137.4
134.8
113.2
129.2

128.5
134,3
133.7
112.5
129.2

116.0
118.6
130.4
108. 3
129.2

118.2
163.2
129.3
135.0
117.6

Boston district .
New York district
Philadelphia district
Cleveland district
Richmond district
Atlantic district
Chicago district.
St. Louis district
Minneapolis district
Kansas City district
Dallas district
San Francisco district

114.1
93.3
132.8
103.5
113.5
103.4
180.2
118.1
146.0

108.1
81.1
122. 7
93.4
113.8
101.7
152.6
115.5
136.0

100.2
101.0
82.1
103.5
62.2

92,6
90.3
80.9
101.7
67.6

114.4
121.1
217.0
106.2
175.0
88.2
75.7

118.3
122.8
211.9
120.4
181.2
84.9
64.9

98.9
109. 8
184.8
94.4
131.2
77.4
67.6

123.7
119.5
158. 3
112.5
115.6
81.9
105. 3
130.1

111.9
107.1
136.2
116.2
110.5
107.2
90.6
123.8

118.2
112.2
119.6
91.9
169.5

109.6
107.0
110.1
89.0
163.9

105.9
94.4
112.2
102.5
72.7
77.8

105. 4
112.2
109.9
96.9
81.8
77.8

90.4
72.2
90.1
103.7
72.7
66.7

90.2
120.5
85.2
72.0
64.7
122.1
108.5

88.5
116.4
81.6
74.6
64.7
125.0
105. 3

81.2
105.5
72.9
67.8
78.8
107.4
96.8

101.1
114.8
89.1
73.9

97.1
109.3
85.5
71.7

89.4
96.9
76.1
68.5

136.4
247.8
92.8
115.9
95.1
217.4

...

122.6
101.1
149.0
112.8
124.0
120.0
177.6
125.9
154.0

122.0
120.5
123.0
96.3
172.2

—.

116.6
114.5
141.5
141.9

120.9
116.3
153. 5
105.1
113.5
91.6
104.0
141.2

. ..

127.4
126.2
138.9
158.2

104.2
105.7
82.1
105.2
75.7

Philadelphia
Scranton.. .
Trenton..,
CLEVELAND DISTRICT:
Total, 13 centers.
Akron
Cincinnati
Cleveland
Pittsburgh
Youngstown.
Toledo
_
Columbus.
Dayton
RICHMOND DISTRICT:
Total, 7 centers
Baltimore-..
.
Norfolk
RichmondCharleston..
ATLANTA DISTRICT:
Total, 15 centers..
Atlanta.. .
Birmingham L__. *
New Orleans
Jacksonville
Nashville
Augusta
CHICAGO DISTRICT:
Total, 21 centers
Chicago
Detroit
Indianapolis
Milwaukee
Des Moines
Grand Rapids
Sioux City
ST. Louis DISTRICT:
Total, 5 centers
Louisville .
St. Louis
Memphis
Little Rock
MINNEAPOLIS DISTRICT:
Total, 9 centers
Duluth
Minneapolis
St. Paul
Helena
Billings
KANSAS CITY DISTRICT:
Total, 14 centers
Denver
Kansas City Mo
Omaha
St. Joseph, Mo
Oklahoma City.
Tulsa
DALLAS DISTRICT:
Total, 11 centers
Dallas
Houston
Fort Worth
SAN FRANCISCO DISTRICT:
Total, 18 centers. _.
Los Angeles
Portland, Oreg
San Francisco
Seattle. .
Oakland, Calif
District totals corrected for seasonal variation:
United States, total

105.8
149.4
118.2
129.2
105.2

124.6
122.1
142.7
150.2

.

129.0
163.2
135.0
139.2
128.6

131.9
241.4
85.1
111.6
89.3
234.9

125.8
233.1
87.8
104.1
85.9
190.4

121.8
135.6
119.6
127.8
123.6
110.9
120.3
124.5
127.0
112. 8
94.2
111.6
142.8

124.3
129.1
126.5
128.6
117.8
103.8
122.5
124.7
120.6
110.1
89.7
104.4
136.5

106.9
116.6
103.7
117.7
111.6
96.0
102.4
112.8
111.8
94.5
82.3
96.1
130.2

25

PAY ROLL IN INDUSTRIAL ESTABLISHMENTS

Total,i
13
groups

YEAR AND MONTH

Textiles
and
their
products

Food
and
kindred
products

Iron
and
steel
and
their
products

Lum- Leather
ber
and
and
its finits
ished
manu- prodfacucts
ture

Paper
and
printing

Chemicals
and
other
products

Stone,
clay,
and
glass
products

Metal
and
metal
products
other
than
iron
and
steel

Tobacco
manufacture

Vehicles
for
land
transportation

Miscellaneous
industries

Relative to 1923
1OO
91

1OO

100

100

100

100

100

100

100

87

97

88

100
102

100

87

93

101

85

96

88

100
91

85
85
90
92
96
96

83
86
89
91
92
94

62
67
73
79
84
89

84
89
88
90
90
90

88
94
95
95
98
103

88
88
92
94
94
«8

85
88
90
92
90
93

84
87
87
86
84
86

70
88
90
96
102
102

105
104
107
108
112
111

60
70
76
82
90
91

72
78
79
81
87
95

92
95
100
101

94
93
95
95

99
102
106
103

88
93
97
99

87
89
93
98

104
106
108
105

96
97
100
101

93
95
101
103

86
87
92
100

104
107
115
113

104
100
104
99

87
92
99
101

93
96
105
108

105
105
100
99

97
100
101
99

105
102
99
98

106
108
100
102

102
105
104
104

104
99
94
97

102
101
100
97

103
101
103
99

105
106
100
103

112
108
98
91

98
100
97
87

104
104
100
103

112
110
99
91

104
107
105

98
99
94
96

102
104
101
99

104
105
106
103

97
97
94
96

99
102
102
104

102
103
99
99

104
106
105
102

87
89
88
90

97
104
104
106

100
107
105
98

95
95
100
96

95
99
99
97

1932
July
August
September
October
November
December _

100
98

74
79
83
86
90
93

1923 monthly average
1924 monthly average

99
100
99
95

97
101
97
90

93
98
100
98

94
100
101
102

96
97
96
88

103
104
104
104

95
97
101
100

97
101
105
109

88
102
107
101

100
99
98
90

87
97
97
97

96
101
99
99

92
87
81
84

96
98
98
96

83
79
72
78

91
82
73
76

101
99
92
93

83
79
78
87

103
101
97
97

94
89
86
87

108
106
94
98

89
79
71
72

92
95
93
93

91
84
77
81

95
86
84
82

86
89
88
92

100
97
97
100

84
87
83
90

77
81
82
88

96
98
96
97

91
92
85
88

101
103
103
106

89
90
92
92

98
101
99
100

74
77
80
84

97
88
100
103

82
87
84
86

85
84
87
90

90
95
97
94

96
95
93
88

92
96
97
91

90
93
94
91

90
96
98
97

92
96
96
88

105
104
106
104

91
94
100
99

92
98
102
105

80
88
95
92

96
89
90
76

79
92
96
97

91
96
98
97

1923

January
February
March
April
Mav
June
July
August

>

.,_

September
October
November
December

_.

100
102
101
99

!

106

1934

January .
February
March
April

...

May
June
July
August

September
October
November
December

^
.

. ...

1935
January
February.. ..
March
._ . .
April
May
.
June... ..
1

r

Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represent weighted indexes of the amount of the pay roll at the date nearest the middle
of each month, for 52 industries combined into 12 groups as above. The groups are weighted in accordance with the aggregate earnings of the respective industries in 1919.
The actual data are obtained from a varying number of reporting firms each month, the months of 1925 covering over 8,000 firms.




26

FACTORY OPERATIONS RELATIVE TO FULL-TIME AND TO EMPLOYMENT CAPACITY
Food
and
Total,
kin13
dred
groups * products

YEAR AND MONTH

Textiles
and
their
products

Iron Lumand
ber
steel and its
and manutheir
facprod- ture
ucts

Leather
Chem- Stone,
and Paper icals
clay,
its fin- and
and
and
ished print
other glass
ing
prodprod- products
ucts
ucts

Metal
and
Vehimetal
Tocles Miscel- Ratio
prod- bacco
for
lane- actual
ucts
land
ous
other manu- trans- indus- time to
faccapacthan
ity a
ture porta- tries
iron
tion
and
steel

Average per cent of full time operated
1924 monthly average 2

90

95

90

92

90

91

93

92

72

96
95
94
92
90

93
87
86
88
89

98
96
96
94
92

94
91
90
86
89

91
92
93
93
91

96
93
85
84
85

87
87
88
93
91

97
95
93
91
90

96
93
96
90
89

77
74
69
67
65

86
87
88
88
90

90
93
95
95
96

89
93
92
90
91

93
95
96
95
96

88
91
91
89
91

92
91
90
91
91

90
92
88
91
94

93
94
93
90
96

91
92
94
93
94

89
91
93
91
93

68
72
75
74
75

91
93
92
92

92
95
95
95

92
93
92
88

96
96
95
95

93
93
97
97

87
90
89
93

95
97
96
96

94
92
89
82

94
95
.96
97

93
93
95
94

75
77
77
76

91

87

88

89

94

94
92
90
88
87

87
84
82
85
82

92
89
87
80
81

95
95
91
88
86

88
91
92
91
92

86
91
91
89
89

85
89
91
91
92

92
93
93
92

89
89
84
83

94
96
96
94

;

1924
March
April
May
June
July

_

_-

August
September.
October..
November
December -

_

..

1935
January
February
March
April
May
June

Average per cent of full capacity operated
1924 monthly average 2

._

79

78

78

70

87

73

89

76

84

69

77

82

73

82
80
77
76
75

77
73
71
72
73

82
79
76
73
72

75
74
69
67
65

90
89
87
85
84

77
69
65
67
68

91
89
88
87
86

82
79
72
69
73

82
85
86
85
83

76
74
64
64
66

71
74
73
77
77

89
85
82
78
78

77
74
70
69
69

77
79
81
81
81

78
83
83
82
83

73
79
81
83
84

67
68
70
69
71

84
88
89
89
89

72
79
80
76
80

87
90
90
91
90

72
76
79
80
76

84
82
82
83
83

65
69
69
72
73

77
81
82
80
81

79
81
84
82
80

71
73
77
73
74

82
83
83
83

82
82
79
76

85
86
87
87

73
74
74
73

87
89
89
90

80
83
81
78

91
92
91
92

78
83
85
87

76
83
83
87

77
80
76
78

84
80
74
75

84
85
84
85

78
77
76
78

1934
March
April
May .
June..
July
August
September
October
November
December

_

. _
__

___,._

1935
January
February
March
April . .
May
June

*

1
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, from reports of over 6,000 firms, employing over 2,000,000 people showing, in the lower pan of
table, the percentage of their capacity force employed each month and, in the upper part of table, the percentage of full time worked by the force actually employed.
Details for individual industries of each group and percentage of firms operated at full capacity and at full time are given in "Employment in selected industries," issued
each2 month by the Bureau of Labor Statistics.
Average of last 10 months of year.
3
These data, compiled by multiplying the percentage of capacity operated, as shown in the first column of the lower half of this table, by the percentage of time
operated, as shown in the first column of the upper half, indicate the approximate actual employment time relative to capacity.




PAPER
BOOK PAPER

YEAR AND MONTH

Production

Stocks
end of
month

WRAPPING PAPER

Production

Stocks
end of
month

ALL OTHER
GRADES

FINE PAPER

Production

Stocks
end of
month

TOTAL PAPER

(including newsprint
and boxboard)

Production

Stocks
end of
month

70, 658
77, 757
76, 084
98, 627
70,507
102, 439
90, 630
92, 752

41,093
26, 123
37, 500
36, 594
49,002
47, 521
53, 278
57,811

Stocks
end of
month

Production

493, 304
504, 294
515, 863
611, 218
446, 360
584, 360
609, 432
611, 442

Short tons
1917 monthly average..
_
1918 monthly average
1919 monthly average
1920 monthly average
1921 monthly average
1932 monthly average
1923 monthly average... . _ _
1924 monthly average

74, 357
70, 763
76, 235
92, 039
60, 499
81, 827
93, 466
111,591

36, 845
28, 341
31, 643
23, 719
36, 234
38, 221
46, 439
52, 482

60, 626
59, 500
57, 851
69, 324
54,300
69, 689
85, 320
84,639

53, 551
40, 499
54, 702
26, 097
55, 465
61, 228
67, 345
108, 635

24, 030
30, 668
28, 647
32,444
20, 207
30, 088
31, 341
30,810

32,500
34, 576
36,845
29, 268
37,389
36, 630
43, 913
50, 278

238, 113
199, 860
238, 999
181, 910
271, 395
268, 623
278, 218
343, 520
#

1933

January
February
March.
April

97, 318
89, 265
96, 087
93, 390

38, 882
38, 043
31, 480
36, 871

82, 703
77, 813
86, 776
78, 559

48,123
48, 421
43, 213
43, 403

34, 946
32, 377
35, 144
32, 507

38,822
39, 772
36, 978
37, 889

97, 221
99, 929
85, 939
103, 127

40, 614
52, 873
51, 287
52, 826

85, 348
96, 432
84, 302
88,707

44, 015
69, 382
76, 230
82, 128

35, 196
34, 546
27, 139
28,421

87, 658
98, 177
91, 305
82, 175

53,883
53,883
54,961
51,663

87, 154
93, 768
89, 328
72,946

85, 081
82,023
89, 589
96, 837

January
February
March
April

100, 254
97, 246
104, 053
106, 134

53, 730
47, 282
44,918
43, 570

90,389
90,719
89, 533
88,663

May
June
July
August

108,257
99,596
94,616
98,401

48, 363
52, 232
50, 143
49, 642

100, 369
111,410
104, 725
105, 772

108, 945
103,498
114,883
112, 585

May .
June
July
August

..
_

_

_

September
October
November
December

112,661
102, 267
108, 903
104, 571

47, 701
50, 397
2 42, 625
40, 842

664, 553
614, 364
2
665,677
605, 490

253, 966
262, 734
2 197, 499
230, 181

40, 957
45, 395
47, 274
46, 459

102, 453
83, 792
74, 869
81, 475

43, 347
54,198
57, 163
63, 766

659, 025
631, 104
559, 635
640, 574

245, 872
279, 104
292, 525
312, 154

29, 416
32,494
27, 750
26,151

47, 389
48, 333
48, 275
49, 413

73, 732
89,065
82, 660
71, 112

60, 329
59, 507
60, 177
59, 291

551. 744
628, 205
572,299
520, 513

311,812
310, 558
317,894
324, 563

106, 872
103, 070
102, 184
105, 763

31, 375
31,994
33,294
34, 236

50,084
48,305
49, 170
49, 846

85, 918
79,426
92, 151
97, 614

. 54,228
47, 143
52,534
54,571

619, 574
597, 603
638, 540
637, 713

340,241
326, 627
328, 486
334, 561

80,012
71, 665
69, 728
83,289

108, 137
111, 586
110,840
115, 293

32, 333
29,064
27,314
27, 516

49, 933
51, 669
50,505
49,295

100,905
83,605
82,223
90,135

63,629
66,828
64,546
59, 702

629, 209
556,067
552, 595
599, 388

356, 315
368, Oil
354, 827
351, 074

47,160
48, 103
49, 546
51, 528

89, 114
90,130
84, 314
88, 109

111, 803
104, 867
1©9, 586
113, 614

28,959
33, 125
29,944
30,568

50,685
50, 174
51,523
52, 143

94, 157
109,906
95,723
101, 263

57,194
57,602
57, 977
57, 781

617,474
670, 633
601, 859
616, 648

341, 746
333, 622
339, 620
347, 115

56, 167
52,235
51, 713
52, 747

91, 511
87, 863
94,430
89, 023

108, 374
106, 525
108, 086
109, 167

37, 636
35,986
39, 440
38, 269

52,258
51,448
52, 869
49, 738

106, 822
97,478
103, 537
100, 177

57,489
55, 760
58, 102
59, 814

673, 552
615, 948
659, 245
653, 996

353, 022
346, 521
349, 271
359, 688

2

1924

September
October
November
December

__
_

_

1925

January...
February
March
April

_

May
June
July
August
i

i Data to May, 1923, from the Federal Trade Commission, representing practically complete production; beginning June, 1923, data compiled from reports of the American
Paper and Pulp Association and prorated to represent complete production on the following percentages calculated on the production in the last seven months of 1923, as
compared with the total for that peri9d derived from the Federal Trade Commission reports and the Census of Manufactures: Wrapping paper, 57 per cent; fine paper, 80
per cent; "all other grades," comprising bag, tissue, hanging, felts and building and other paper, 65 per cent. Total paper figures are the aggregate of the four previous
columns plus, up to May, 1923, the figures on newsprint and paperboard as compiled by the Federal Trade Commission, and, after May, 1923, the figures on newsprint as
compiled by the Newsprint Service Bureau, and the figures on boxboard as compiled by the U. S. Department of Commerce, Bureau of the Census, except that from June
through October, 1923, when these latter figures were not compiled, the paperboard figures of the American Paper and Pulp Association have been used, prorated up to
complete production by the percentages which they bore to the boxboard figures in 1924, or 60 per cent on production and 73 per cent on stocks. Stock figures represent
paper at mills only.
2
For March, 1923, data on bag and paperboard were not compiled, and the January figures for these items were substituted wherever necessary to obtain totals.




28

WOOD PULP AND PAPER PRODUCTS
FOLDING
LAPAPER BELS «
BOXES «

WOOD PULP
Mechanical

YEAR AND MONTH

ConProduc- sumption Stocks,
end of
tion i and ship- month *
ments i

Chemical

Im-3

ports

ConProduc- sumption Stocks,
end of
tion i and ship- month i
ments 1

ports

125, 678

1917 monthly av
1918 monthly av
1919 monthly av. _
1920 monthly av

120, 589
108, 617
120, 817
131, 525

1921 monthly av .
1922 monthly a v _ _ _
1923 monthly av
1924 monthly av

1933
January
February _
March
April
May
June
July _
August

18, 105

September..
October
November
December
1924
January
February.,
March
April
_ _
May
June
July.
August

September
October
November ._
December
1935
Januarv..
February
March
April
May
June
July
August .

21, 877

117, 804
109, 817
120, 660
132, 308

145, 567
131, 170
154, 251
120, 079

23,257

159, 375

15, 456
16, 855
19, 375

158,008

105, 668
123, 495
131, 073
145, 727

106, 214
127, 802
131, 266
139, 796

166, 889
136, 664

16,000
17,965

95,900

24, 957
20, 929

130, 593
111, 599
120, 386
124, 915

66,097

187, 908
155, 015
124, 186
102, 952

148, 598
138, 249

126, 234
148, 782
161, 843
119, 020

93, 503
113, 986
119, 651
162, 902

117, 800
142, 571
123, 523
132, 871

98, 215
68, 782
63, 855

25,538
26,285

90,598

35,429

225, 098
182, 784
168, 524

179, 503
143, 715

147, 445
131, 920

17,660

220, 792

17, 637
22, 552
18, 431

195,906

' 25,855

160, 572

130, 297
103, 534
124, 175
154, 768

_. . .

38,091

14,504
112, 145

141,231
142, 851

195, 007

58, 032
60, 163
89, 180

161, 247
188, 156
127, 786
165, 198
185, 253
199, 140

32, 467
27, 766
25, 143
17, 186

184,537

17, 668

18,806
17, 376
25, 155

30, 666

157, 797
158, 930
160, 375
185, 536

44, 799
33, 671
53, 725
33, 720

127, 467

53, 411
52, 518

32, 861
35, 100

33,230
32, 728
36, 147

56,153
44, 457

62,472

86,942
92,843

200, 793

58, 492

106, 399

180, 804
175, 724

50,641
50,840

166,438
200,642

Domes- Foreign Shiptic sales
sales
ments

ed 3

25, 521
31, 130

129, 325

New orders

bleach-

per 100
Ibs.

13,991
106, 824

sulun-

phite,

Dolls,

16, 463

Per cent of
capacity

2.23
2.16
2.12
3.81
4.81
3.84
3.52
6.58

68, 150
78, 363

i

9,171
11,695

4,379
8,836
10,943
10, 165

MOO
110
119
129

8,956
10, 351
11, 593
9,631

91
105
130
122

12, 370
10, 660
11, 765
12,594

135
125
123
116

12, 297
11,371
10, 522
9,200

123
129
118
112

8,384
8,529
10, 553
11, 620

89
109
133
117

11,018
12, 815
7,777
10, 916

129
122
145
165

8,228
8,591
11,940
11, 606

156
153
119
112

9,582
10,764
12,028
11, 485

101
127
142
126

3.50
2.56
2.97
2.58

47.9
69.4
63.6
67.4

44.2
82.7
80.6
83.7

47, 957

58.0
70.1
74.0
70.0

98.7
92.0
106.9
94.6 !

92, 815

72,394
86, 916

79,002

187,298

51, 670

171, 601

55,264

70,401

2.68
2.68
2.73
2.89

183, 591
185, 444
163, 050
210, 752

181, 253
186, 804
165, 804
209, 966

49,229

72, 932
100, 757
82, 392
100, 355

3.16
3.23
3.23
3.20

53.3
64.7
55.6
69.8

86.4
81.8
68.9
47.4

101, 418
85, 302
79, 016

178,444

184,756
232,036
179,066

69, 138
78, 778
79, 580
67, 476

85, 936

47.4
67.8
63.2
69.3

57.9
93.4
63.3
76.0

75,196
81,048

116, 224
97, 533

3.11
3.11
2.91
2.71

69, 926
67, 148
65, 270

124, 178
86, 556

68,664

62,864

2.61
2.63
2.63
2.63

64.6
81.0
76.2
62.9

108.2
83.0
129.8
129.0

89,961

201, 738
233, 250

222, 714
195, 388
205, 152
233, 690

82, 746
87, 549
114, 531
120, 816

2.63
2.60
2.51
2.53

58.0
75.6
67.9
74.9

71.7
63.1
65.6
85.9

76,890
60,969

186, 786

61, 148

58,218
77, 678

91,302

88,565

87,804
104, 902

117,413

80,087

77, 634
60, 353

154,466

131,586

213, 054

179, 138

126, 134
136, 334
163, 692
205, 225

185, 403
152, 606

251, 180
249, 463
226, 798
218, 334

13,180
18,042
21,204

185, 424
190, 918
172, 230
179, 046

191, 034
194, 648
178, 186
180, 640

60, 540
59, 368

116, 540

146, 172
144, 469
125, 329
128, 183

114, 737
145, 523
121, 700

128, 226
155, 348
131, 822

185, 800
227, 424
198, 506
198, 640

188, 082
229, 032
195, 190
195, 760

48, 562
51, 778
54, 372

132, 350
135, 238
109, 047
132, 344

2.51
2.51
2.57
2.63

56.6
55.6
60.3
74.9

57.2
84.1
64.6
62.6

79, 828
86, 587
73, 581

127,911

24, 527
30, 565
24, 835
29, 228

48,888

123,465

204, 725
194, 882
183, 846
179, 466

126, 308
126, 015
176, 928
198, 292

149, 678
126, 537
146, 952
155, 545

159, 435
177, 175
207, 798
256, 163

22, 463
27, 560
18, 896
21, 740

221, 756
191, 142
220, 456

224, 836
198, 720
217, 396

2.63
2.63
2.60
2.60

87.9
107.3

100, 565

211,378

142, 119
104, 262
120, 194
88, 973

63.7
66.4

211,816

47, 850
40, 198
38, 140
36, 760

98,009

13, 291

54,546
52, 840

Rel. to
192119227

Reams

116, 426
97, 774
82, 078

175, 923
189, 602
175, 291

ROPE
PAPER
SACKS
(6)

Price,

Im-

Short tons
1909-1913 monthly av_
1913 monthly a v . _ _
1914 monthly av
1915 monthly av
1916 monthly av-

ABRASIVE
PAPER AND
CLOTH*

92, 660

96,376
79,704

63, 553
70, 491

77,429

94,935
92, 097

86,484

i

1
Data on production, consumption, and shipments by mills and stocks from the Federal Trade Commission to May, 1923, representing practically complete production
thereafter compiled from reports of the American Paper and Pulp Association prorated to represent complete production on the following percentages calculated on the
production in the last seven months of 1923 as compared with the total for that period derived from the Federal Trade Commission reports and the Census of Manufactures:
Mechanical pulp, 65 per cent; chemical pulp, 50 per cent.
2
Imports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3
Price of sulphite domestic wood pulp is monthly average from U. S. Department of Labor, Bureau of Labor Statistics.
4
Folding paper boxes and labels from the Association of Folding Box and Label Manufacturers, said to represent approximately 60 per cent for the folding box industry
and 575 per cent for the label industry.
Data compiled by the Abrasive Paper and Cloth Manufacturers' Exchange, estimated to represent 90 per cent of the industry. The totals given include the sales of
garnet, emery, flint, and artificial (silicon, carbide, and aluminous oxide) paper, cloth, and combinations. Figures are stated in equivalent reams 9 by 11 inches in size.
The 6 data submitted show that in 1919 the total sales were made up of the following approximate percentages: Garnet 39, emery 8, flint 32, and artificial 20 per cent.
Rope paper sacks from Rope Paper Sack Manufacturers' Association, said to represent approximately 95 per cent of the industry.
7
Twelve months' average, July, 1921, to June, 1922. Numerical data not furnished by the association.




29
TREND OF BUSINESS MOVEMENTS

The following table contains a summary of the monthly figures, designed to show the trend in important
industrial and commercial movements. These data represent continuations of the figures presented in the latest
semiannual number (February, 1925),, in which, monthly figures for 1923 and 1924 may be found in most cases,
together with explanations as to the sources and exact extent of the figures quoted. In a few cases, where
marked by an asterisk (*), the earlier data were published in the March, 1925, issue on pages 27 and 28; or, if
marked by a dagger (f), in the April, 1925, issue on pages 20 and 27 to 29, or, if marked by a double dagger (f),
in the May, 1925, issue on page 27. The figures given below should always be read in connection with those
explanations. Data on stocks, unfilled orders, etc., are given as of the end of the month referred to. For
explanations of relative numbers, including base periods, see introduction on inside front cover.
NUMERICAL DATA
In many cases May figures are now
available and may be found in the
special table on page 23

1925

January February

March

April

April,
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

1024

1925

Per ct.
increase
( }
or-t
decrease
(-)
1925
from
1924

BASE
YEAR
OR
PERIOD

RELATIVE
NUMBERS

1925

April,
April 1925,
from from
Mar. Apr. March April,
1924

TEXTILES
Wool
Receipts at Boston:
4,807
3,418
5,475
Domestic
. thous. of Ibs
4,075
9,965
39,588
1913
41
17,775 -55.1
13, 478
Foreign.
thous. oflbs.. 35, 569
27,411
15, 140
6,954
1913
63,575
519
91, 598 +44.1
18,285
Total
thous. oflbs
32, 886
38, 987
19, 215
16, 919
103, 163
1913
175
109, 373
+6.0
Imports, unmanufactured
thous. oflbs.. 47,504
37, 725
35, 791
28,911
29,457
140, 788
1913
283
149, 931
+6.5
Consumption by textile mills,
grease equivalent
thous. of Ibs
46, 415
45, 853
51,435
43,287
44, 361
196, 469
1921
104
186, 990
-4.8
Stocks (reported quarterly), grease equiv.:
2
Total
thous. oflbs * 359, 612
305, 958
371 158
1920
68
2
Held by manufacturers
thous. oflbs.. i 199, 455
179, 244
213, 129
1920
108
2
Held by dealers
__
thous. oflbs,. i 160, 157
126, 714
158, 029
1920
46
Machinery activity, hourly:
Looms, wide
..per ct. of hours active..
75.2
70.8
76.3
68.1
65.7
1921
103
Looms, narrow
per ct. of hours active..
69.4
67.5
71.5
68.0
52.5
1921
106
Looms,
carpet and rug pre ct. of hours active..
78.3
80.7
85.5
75.7
64.3
1921
167
Sets of cards
per ct. of hours active..
93.0
94.2
92.1
88.6
90.9
1921
132
Combs..
perct. of hours active. .
88.9
87.5
77.2
67.2
77.7
1921
87
Spinning spindlesWoolen
per ct. of hours active..
91.9
89.6
87.3
87.8
88.3
1921
128
Worsted
per ct. of hours active. .
73.6
60.4
75.8
65.5
67.1
1921
80
Machinery activity (percentage of total) :
Woolen
spindles
per ct. of active to total..
81
81
83
81
82
1913
108
Worsted
spindles
per ct. of active to total..
74
75
68
64
72
1913
92
Wide looms
per ct. of active to total..
73
70
68
75
71
1913
95
j
Narrow looms
per ct. of active to total..
74
71
75
75
79
1913
97
Carpet looms
per ct. of active to total..
80
81
82
..
j
1 1913
76
74
121
Prices:
Raw, Ohio,
Y± blood, unwashed
.dolls, per lb_.
.69
.68
.63
.54
.53
1913
252
Raw, territory fine,
scoured
dolls, perlb..
1.67
1.65
1.58
1.42
1.36
1913
277
Worsted yarn
_. .dolls, per lb__
1.900
1.900
1.800
1.750
1.650
1913
232
Women's dress goods..
dolls, per yd..
1.035
1.035
1.035
1.035
1.035
1913
184
Men's suitings
dolls, per yd..
3.780
3.780
3.780
3.780
3.690
1913
245
Cotton
Receipts into sight
thous. of bales
1,379
864
811
495
403
2,091
1913
3,549 +69.7
67
Imports, unmanufactured _
_
bales
54, 822
59, 984
22, 409
33, 955
40, 435
186, 563
1913
171, 170
-8.3
167
Exports, unmanufactured
(including linters)
bales.. 1, 076, 075 811, 838 734, 697 472, 555
320, 774 1, 681, 941 3, 095, 165 +84.0
1913
101
Consumption by textile mills
bales.. 589, 725 550, 132 582, 674 597, 104
478, 583 2, 051, 568 2, 319, 635 +13.1
1913
125
Stocks, end of month:
Total, mills and w'houses.. -thous. of bales..
5,297
4,621
3,181
2,841
3,882
1913
126
•Mills
thous. of bales .
1,434
1,546
1,645
1,515
1,330
1913
121
Warehouses
_
thous. of bales
3,863
3,075
2,237
1,666
1,511
1913
130
World, visible,
American.
thous. of bales..
4,722
4,328
3,564
2,942
1,834
1913
115
World visible, total
...thous. of bales
5,830
5,645
5,059
4,545
3,520
1913
115
Machinery activity of spindles:
Active spindles
thousands. . 33, 181
33, 277
33, 413
33,225
31,863
1913
109
Total activity _ _
millions of hours
I
8,493
7,868
8,518
8,599
6,770
1922
111
Activity per spindle
hours. .
224
208
227
225
179
1922
109
Per cent of capacity
per cent..
96.4
100.0
100.0
9G.6
80.0
Cotton finishing:
Orders received,
grey yardage
...thous. of yds.. 84, 459
83, 293
76, 505
80, 530
86, 776
329, 398
331, 033
+0.5 M921
96
Billings, finished goods
(as produced)
_
thous. of yds. . 81, 174
81, 650
94, 039
88, 986
79, 776
343, 423
345, 849
110
+0.7 < 1921
Shipments, finished goods
cases
49, 319
48, 879
47, 961
45, 776
42, 170
190, 786
191, 935
+0.6 <1921
109
Stocks, finished goods
...cases.. 36, 925
36, 101
39,296
36, 121
44,959
<1921
100
Operating activity
per ct. of capacity..
62
64
66
69
62
1921
106
Manufactured goods:
Cotton cloth exports
thous. of sq. yds.. 51, 819
39, 660
51, 520
52, 378
32,590
120, 476
195, 377 +62.2 51913
139
Fabric consumption
by tire manufacturers
thous. oflbs.. 12,311
13, 364
15, 041
14, 902
12, 287
47, 448
1921
55, 618 +17.2
225
Elastic webbing sales
thous. of yds.. 13, 155
13, 798
14,273
312,415
34, 092
41, 226 +20.9
1919
97
Fine cotton goods:
Production
_
pieces.. 419, 904 388, 053 444, 886 449, 266
355, 591 1, 649, 998 1, 702, 109
1919
+3.2
116
Sales
pieces.. 459, 252 525, 384 456, 715 314, 726
225, 327
868, 246 1, 756, 077 +102. 3
1919
102
Prices:
Raw cotton to producer
dolls, per lb__
.227
.230
.237
.245
.287
1913
204
Raw cotton, New York.
dolls, per lb_.
.240
.247
.244
.256
.299
1913
200
Cotton yarn
dolls, per Ib
.437
.430
.430.420
.476
1913
174
Print cloth
dolls, per yd..
.069
.068
.069
.067
.066
1913
201
Sheetings
dolls, per yd..
I
.108
.107
.110
.106
.110
1913
179
Cotton goods (Fairchild)
index..
1911-13 196
8
i Quarter ending Dec. 31, 1924.
Quarter ending Mar. 31,1924.
8
< Eleven months' average, January to November, inclusive.
Twelve months' average, July to June, inclusive, ending the year indicated.




:::::::::::

Per cent
increase (+)
or decrease (—)

30
286
102
229
98

-25. 6 -59.1
-44.8 +117. 7
-41.6 +13.6
-19.2
-1.9
-5.6

-2.4

58
97
37

-14.9 -17.6
-10.1 -15.9
-20.9 -19.8

99
106

-3.8 +3.7
+0.7 +29.5

148
124
75

-11.5 +17.7
-5.9 -2.5
-13.1 -13.5

121
74

-5.0
-7.8

-1.1
-10.0

105

-2.4

-1.2

86
92
103
112

-5.9
-2.9
+5.6
-7.3

-11.1
-4.2

216

-14.3

249
225
184
245

-10.1
-2.8
0.0
0.0

+1.9
+4.4

41
110

-39. 0 +22,^
-34.0 -*4. 6

65
128

-35.7 +47. ?
+2.5 +24.8

103
111
97

-18.1 +12.0
-7.9 +13. 9
-25.5 +10.3

95
104

-17.5 +60.4
-10.2 +29.1

109
110
108

+0.6 +4.9
-0.9 +25.8
-0.9 +25.7
+0.4 +25.0

85

-11.8

+2.7

+
•+2.4
Vo

-5.0

104
102
108
98

-5.4 +11.5
-6.3 +8.6
+8.8 -12.6
-7.2 +3.2

141

+1.7

223

-0.9 +21.3

117
70

+1.0 +26.3
-31.1 +39.7

+60.7

-3.3 -17.4
-4.7 -18.4
-2.3 -11.8
-2.9 +1.5
-3.6 -3.6
-1.0
* March, 1924.
198
191
170
194
173
194

30

TREND OF BUSINESS MOVEMENTS—Continued
j

NUMERICAL DATA
In many cases May figures are now
available and may • be found in the
special table on page 23

1995

January February March

April,
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

Per ct.
increase
(+)
or decrease

1924
from
1923

April

1924

1935

16,641
115, 257

22, 553
162, 611

BASE
YEAR
OR
PERIOD

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925

April,
April 1925,
from from
Mar. Apr. March April,
1924

TEXTILES— Continued
Silk
6,633
Imports, raw
—
thous. of IbsDeliveries (consumption)
Dales.. 39,885
Stocks, end of month:
58,732
At manufacturing plants* _-—---- -bales . . 25,084
Price, Japanese, New York
dolls, per lb._
6,076
Silk machinery activity:
80.9
Broad looms
per cent ol operation..
Narrow looms
per cent of operation..
55.6
Spinning spindles .. .per cent of operation ._
82.1

5,259
37,529

5,714
45, 157

4,947
40,040

4,377
25,985

60,249
24,252
6,223

46, 663
27,761
5,831

39,271
26, 540
5,978

25,662
19, 616
5,635

80.2
56.5
83.1

83.4
58.5
85.3

56,524
25,273

56, 175
29,559

3
3
3

+35.5
+41.1

1913

«1920

174
225

200
253

-13.4 +13.0
-11.3 +54.1

1920

i

91

-77

1913

|

160

164

-15.8 +53.0
—4.4 +35.3
+2.5 +6.1

1909-13
1909-13

166
103

156
82

-5.5
-20,2

72. 8
51.0
69. 4

Burlap and Fibers
ImP

Bu^ap
..thous. of IDs..
Fibers (unmanufactured)
-long tons..

56,240
33, 142

53,076
23,592

76,838
35,200

234,391
110, 208

222, 015
111,566

-5.3
+1.2

i

-30.9
-33.0

Pyroxylin Coated Textiles
Pyroxylin spread
Shipments billed
Unfilled orders end of month
Hosiery
Production
Shipments
Stocks
New orders
Unfilled orders

1,923
2,537
2,478
2,224
thous . of Ibs . . 1,941
linear yds . -1,850,129 1, 671, 209 2,254,358 1,751,561 1, 739, 625
1, 801, 327 1, 743, 374
- -linear yds— 1,496,716 1,592,571 1, 497, 704

thous. of doz. pairs..
thous. of doz. pairs..
.-thous. of doz. pairs. .
thous. of doz. pairs. .
thous. of doz. pairs..

3,661
3,373
5,738
4,400
7,372

3,703
3,467
5,964
3,852
7,705

4,037
3,937
5,945
4,096
7,730

-2.3 +11.4
-22.3 +0.7
+20.3 +3.3
-0.2
—2.6
-18.0
+6.1
+2.7

4,039
3,836
4,874
4,345
7,937

IRON AND STEEL

j

Iron Ore and Pig Iron
Iron ore:
Total
-thous. of tons. - 31, 154
\tfurnaces
thous. of tons. . 24, 430
6,724
On Lake Erie docks
thous. of tons..
Consumption
--thous . of tons - 5,242
Pig-iron production:
Total
thous. of long tons. . 3,367
678
Merchant furnaces*— -thous. of long tonsFurnaces in blast, end of month:
251
Furnaces
number-Capacity
long tons percen
day.. 114, 150
62.3
Per cent of total
Per t - Ohio gray-iron foundries:
Meltings
*on£ tons- 16, 516
70.70
Meltings
Per cent of normal—
Stocks
-I°n2 tons . . 22,077
Receipts
long tons-- 16, 848
Wholesale prices:
Foundry No. 2,
.
24.14
Northern
dolls, per long ton__
21.88
Basic (valley furnace). -dolls, per long ton..
23.24
Composite pig iron
dolls, per long ton_.
Malleable castings:
Production
tons— 62,829
Shipments
tons— 55, 672
Orders booked
tons— 58, 047
58.6
Operating activity
per ct. of capacity--

26,207
20, 184
6,023
5,000

20,791
15, 695
5,096
5,490

17, 312
13,009
4,303
4,813

19, 435
14, 636
4,799
4, 882

19, 661

20,545

+4.5

3,214
674

3,564
751

3,259
744

3,233
770

12,773
2,971

13, 404
2,847

+4.9
-4.2

254
115,700
63.0

245
112, 380
61.1

220
100, 080
55.1

230
96,365
57.1

17, 605
71.40
26,218
14, 243

21, 035
74.90
26,390
18,226

19,954
74.00
24,912
14,588

23, 470
74.60
27,377
15,969

23.76
22.00
23.21

22.86
21. 30
22.87

21.86
20.13
21.70

23.56
21. 55
23.41

56, 399
57, 042
46, 193
53.4

57, 304
58, 999
52, 962
53.6

59, 046
58, 610
54,145
55.4

56, 897
55, 671
44, 422
53.3

71919-20 68
U919-20 70
1913
68
71919-20 136

57
58
57
120

-16.7 -10.9
-17.1 -11. 1
-15.6 -10.3
-12.3 -1.4

75,110

67, 752

63,905

-17.0

-5.7

139

127

-8.6
-0.9

+0.8
-3.4

1913
1913
90,458

1913

91
134

82
123

-10.2
-8.3
-9.8

-4.2
+3.9
-3.5

1922
1922
1922
1922

173
145
118
221

164
143
112
177

-5.1
-1.2
-5.6
-20.0

-15.0
-0.8
-9.0
-8.6

1913
1913
1913

143
145
148

137
137
141

-4.4
-5.5
-5.1

-7.2
-6.6
-7.3

+3.0 +3.8
-0.7 +5.3
+2.2 +21.9
+3.4 +3.9

Crude Steel
15,031
4,199
4,199
15, 742
3,756
3,588
3,348
1913
Steel ingots, production.— thous. of long tons..
+4.7
166 142
Steel castings:
262,673 -10.4
59, 508
293, 177
1913
61, 535
58,708
68,119
118 116
Total bookings
.short tons. . 82,922
21,670
111, 740 -24.5
27, 237
22,034
33, 151
147, 975
1913
91
93
Railroad specialties
short tons. . 40, 799
150, 933
34,298
37,838
34,968
145, 202
1913
36, 674
+3.9
Miscellaneous bookings
short tons - - 42,123
142 137
U. S. Steel Corporation:
3
14,498
50, 075
39, 883 -20.4
1913
12,358
19, 065
Earnings
thous. of dolls .. 13,027
127
Unfilled orders,
4,864
5,037
5,285
1913
4,447
4,208
end of month
thous. of long tons—
75
82
Sheets, blue, black, and galvanized:
317, 424
283,290
234,000 1, 212, 915 1,171,104
290, 308
1920
280,082
163
169
-3.4
Production (actual) - - -short tons . .
90.7
98.0
79.0
1920
96.5
87.5
Production
per ct. of capacity. .
125 120
235, 967
1920
976, 893 1,081,336 +10.7
162 153
Shipments
short tons.. 283, 645 255, 080 279, 437 263, 174
182, 903
858, 253
934, 635
1920
187 138
+8.9
Sales
.short tons- 241,040 235,980 263, 666 193,949
1920
362, 457
80
67
Unfilled orders, end of month, .short tons.. 607, 190 565, 133 550, 422 463, 425
Stocks, end of month141, 574
1920
136 123
Total
short tons. . 140, 823 ! 159,661 151,788 137,499
57,714
1920
53,717
51, 264
48, 945
Unsold
short tons. . 49, 460
1032 917
Steel barrels:
. .
Production
barrels.. 420, 127 413,823 505, 429 594, 086 416,628 1, 488, 391 1, 933, 465 +29.9
420, 129 1, 481, 278 1, 939, 173 +30.9
Shipments
barrels- 415, 040 407,781 510, 928 605, 424
59,277
57, 603
53, 571
46, 163
64,402
Stocks end" of month
barrels.
614, 102
Unfille'd orders, end of month
barrels.. 1, 374, 247 1, 336, 124 1, 264, 860 1, 137, 552
Wholesale prices:
36.70
37.00
37.00
35.50
40.00
1913
142 138
Steel billets, Bessemer.. dolls, per long ton.
40.70 i
41.13
39. 43
40.95
42.33
1913
155 150
Iron and steel
dolls, per long ton..
2.77
2.83
2.76
2.73
2.94
160 159
1913
Composite steel
dolls, per 100 Ibs..
2.54
_|
2.50
2.69 .__
1913
2.56
2.55
153 151
Composite finished steel.dolls per 100 Ibs.
2.10
2.10
2.10
2.50
139 136
1913
2.10
fitrnntnral steel beams ...dolls, per 100 Ibs.
3
fl
7
* See text on page 29.
March, 1924.
Eleven months' average, February to December, inclusive
Twelve months' average, June, 1919, to



-14.6

+7.2

-1.3
+1.7
-3.1

-13.8
-33. 5
+4.9

-8.6

+5.9

-3.5 +19. 7
-3.5 +10.8
-5.8 +11.5
+6.0
-26.4
+27.9
-15.8
-9.4
-11.2

-2.9
+4.7

+17.5
+18.5
-19.9
-10.1

+42.6
+44.1
-13.8
+85.2

-3.3 -11.2
-3.1 -6.9
-1.1 -7.1
-1.6 -7.1
0.0 -16.0
May, 1920.

31
TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA
In many cases May figures are now
available and may be found in the
special table on page 23

1925
January February

March

April

April,
1924

RELAPer cent
TIVE
Per ct.
increase (+)
NUMincrease
or decrease (— )
BERS j
(
BASE
or1?
deYEAR
CUMULATIVE TOTAL
crease
1925
OR
April,
FROM JANUARY 1
(-)
PERIOD
April 1925,
THROUGH LATEST
1925
from from
from
MONTH
1924
Mar. Apr. March April,
1924
1925
1924

IRON AND STEEL— Continued
Iron and Steel Products
126,154
77, 989
Exports (selected series)
long tons
116, 715
Exports (total)
long tons
141, 714 102, 302 155,386
85,872
84,376
72, 921
Imports
long tons
Vessel construction:
Completed during month5,329
23,966
15,073
Total
.
gross tons..
3,340
18,808
Steel seagoing
gross tons
12, 838
Building or under contract, end of mo. —
185
196
190
Merchant vessels .thous. of gross tons..
Structural steel, fabricated:
Sales (prorated)
short tons 8165,300 8168,200 8200,100
869
858
857
Sales
per ct of capacity
Shipments (prorated)
.. short tons.
171, 100 182, 700 214, 600
74
63
59
Shipments .
per ct. of capacity
1,584
1,557
1, 653
Steel furniture, shipments
thous. of dolls..
Steel plate, fabricated, bookings: *
20,795
22, 552
27,064
Total
short tons
3,321
4,314
2,908
Oil-storage tanks..
short tons

122, 186
154,426
65,649

105, 3T8
132,739
43,777

15, 526
6,261

36, 510
28,408

563,500
672,509
143,033
«
73,022
51, 737

443,044 -21.4
553, 828 -17.6 \
308, 818 +115.9
59,894
41,247

-18.0
-20,3

1916

756,900

-4.7

1913
1913
1919

174

180

238

172

223,300
77
226,200
78
1,633

8 185, 600
864
200,100
69
1, 659

794,600
6,517

6,427

-1.4

21,991
6,547

19,446
6,244

76, 251
17,276

92,402
17,090

55
93
318

53
93
247

1916
1916

52
69

34
23

-35.2
-66.7

-57.5
-78.0

16

19

+21.4

+38.4

191
138

213
154

1913

+21.2
-1.1

455
430
25

-3.1 +16. 0
-0.6 +16.3
-22.2 +50.0

1922
1913

+11. 6 +20.3
+11.6 +20.3
+5.4 +13.0
+5.4 +13.0
+3.1 -1.6
-2.5
+125. 1

+13.1
+4.9

+26.0
+30.2
0.0

Railway Equipment
Locomotives (Bureau of the Census):
Shipments —
90
Total
45
Domestic —
number
Foreign
number
45
Unfilled orders407
Total. .. _.
number
351
Domestic
number
Foreign
number
56
Shipments (I. C. C.):
8,365
Freight cars, total
number
7,831
Domestic
_ .
number _
534
Foreign
number
68
Passenger cars, total.
number
68
Domestic
number
Foreign
number
0
Unfilled orders (I. C. C.):
43, 655
Freight cars, total
number
42, 848
Domestic
number
807
Foreign
number
522
Passenger cars, total .number
516
Domestic
number. .
6
Foreign. number
Domestic orders (Railway Age) :
Freight cars
number. _ 10, 312
78
Passenger cars
number
52
Locomotives
number
Total orders (Iron Trade Review) :
1,695
Freight cars..
number-Locomotive exports: *
Steam39
Quantity
number
Value
dollars. . 810,401
Electric—
7
Quantity.-,
_,„ number.
118, 509
Value . _
dollars

85
73
12

109
93
16

92
82
10

73
63
10

397
343
54

447
351
96

477
362
115

640
586
54

10, 335
9,881
454
62
62
0

10,716
10, 503
213
45
45
0

9,352
9,212
140
56
50
6

5,058
5,053
5
110
104
6

38, 046
37, 684
362
518
512
6

30, 699
30, 457
242
597
558
39

25, 712
25,224
488
559
526
33

56, 752
55, 348
1,404
679
670
9

5,388
90
49

4, 679
111
106

5, 525
104
84

11,903
170
110

75, 978
897
651

25,904
383
291

-65.9
-57.3
-55.3

1920
1920
1920

67
75
64

79
70
51

+18. 1
-6.3
-20.8

-53. 6
-38.8
-23.6

5,510

4,730

5,060

10, 250

72,900

16, 995

-76.7

1913

45

48

+7.0

-50.6

13
267, 932

27
409, 292

19
352, 577

21
181,484

73
767,435

-29.6
-13.9

-9.5
+94.3

2
7,563

6
21, 127

2
5,860

7
213, 196

18
269, 684

17
153,059

-5.6
-43.2

-66.7
-72.3

-71.4
72 5

1920

56

50

-10.7

326, 887
277,856
446, 895

469,325
348, 590
8
539, 540

345, 908
325,952
539, 232

8 374, 773
8430,479
520, 381

1, 566, 016
1,481,455

1, 446, 845
1, 257, 979

-7.6
-15.1

1922
1922
1922

170
136
146

125
127
146

-26.3
-6.5
-0.1

-7. 7
-24.3
+3.6

135
46, 298

131
71, 099

120
47, 627

89
47, 939

379
211, 141

443
192, 895

+16.9
-8.6

1919
1919

56
135

51
90

-8.4
-33.0

+34.8
-0.7

517
60,030
2,539

546
58, 327
2,964

604
56, 268
3,550

609
42, 339
3,986

2,352
200, 902
13, 503

2,190
234, 440
11, 266

-6.9
+16. 7
-16.6

1919
1922
1922

89
117
89

99
113
106

+10.6
-3.5
+19.8

-0.8
+32. 9
-10.9

1,088
1,067
2,422

1,542
1,319
2,627

1,471
1,354
2,975

1,372
1,298
2,751

4,756
4, 689

5,249
4,686

+10.4
-0.1

1919
1919
1919

93
102
44

89
105
50

-4.6
+2.7
+13.2

+7.2
+4.3
+8.1

3,320
45
60

4,146
77
83

3,933
71
62

• 4,089
56
63

13, 554
18?
196

14, 456
247
255

+6.7
+31.4
+30.1

1913
1913
1913

147
97
193

139
90
144

-5.1
-7.8
-25. 3

-3.8
+26.8
-1.6

66, 720
53, 038

73, 739
61, 108

3 69, 061
3 57, 469
March, 1924.

179, 461
148, 847

197, 764
160, 353

+10.2
1920
+7.7 1 1920
s Revised.

100
130

376 -17.4
293 -31.9
83 +232.0

38, 768 +96.3
37,427 +91.7
1,341 +493. 4
231 -44.5
225 -40.6
6 -98.4

36
85
18

30
75
11

-15.6
-11.8
-37.5

1920
1920
1920

19, 754
19, 528
226
416
379
37

1913
1920
1920

34
39
22

36
40
27

+6.7 -25.5
+3.1 -38.2
+19.8 +113.0
-12.7
+12.3
-34.3
+24.4
+11.1

+84. 9
+82.3

1919
1919
1919
1919
1919
1919

90 78
152 133
4
3
237 295
409 455
0 75

1919
1919
1919
1919
1919
1919

33 28 -16.2 -54.7
55 45 -17.2 -54.4
1 +101. 7 -65.2
1
-6.4
337 316
-17.7
-5.7 -21.5
481 453
64 54 -15.4 +266. 7

98 +34.2
1, 840, 202 +139. 8

-49.1
-51.9
0.0

Machinery
Machine tools, orders
index number. .
Foundry equipment:
Sales
. .dollars.. 304, 725
Shipments
_
dollars. . 305, 581
Unfilled orders
_
.dollars.. 421, 918
Stokers:
57
Sales.
number
27, 871
Sales
horsepower.
Agricultural pump shipments:
523
Total
_
thous. of dolls..
Pitcher, hand, etc
.number. _ 59, 815
2,213
Power pumps
_ .number. _
Steam, power, and centrifugal pumps:
1,148
New orders.
thous. of dolls ._
946
Shipments
_
thous. of dolls..
2,417
Unfilled orders
thous. of dolls
Patents issued:
3,057
Total, all classes...
number
54
Agricultural implements
number.
50
Internal-combustion engines
number-Washing-machine sales:
Total.
number.. 57, 305
Electric
_number_. 46,207
* See text on p. 29.




J

32

TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA
In

many cases May figures are now
available and may be found in the
special table on page 23

1925

January February March

April,
1924

April

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

1924

Per ct.
increase
(
ort>
decrease
(-)
1925
from
1924

BASE
YEAR

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925

OR
PERIOD

1925

April,
April 1925,
from from
Mar. Apr. March April,
1924

NONFERROUS METALS
Copper and Brass
Copper:
Production68,967
74,901
Mines .
. ^.. short tons.. 74, 262
87,109
82, 149
78,237
Smelter
short tons
Refined (North and South America),
327, 722
quarterly
•_ short tons i 333, 672
129,783 8122,888 8135,409
World production, blister
short tons
63,924
63,923
Domestic shipments, refined . . .short tons. . 63,924
Stocks (North and South America)—
122,348
Refined
short tons _. U36,434
261, 628
Blister
short tons i 237, 528
32, 101
62,728
49, 613
Exports
short tons
.1400
.1471
.1446
Wholesale price, electrolytic, -dolls, per lb__
Brass faucets:
Orders received _ .
number of pieces. . 657, 616 394, 882 313, 267
Orders shipped.. _..
number of pieces.. 676, 537 551, 333 554, 565
Tubular plumbing sales:
Quantity
.number of pieces. _ 304, 015 260, 893 146, 494
145, 024
251, 290 216, 019
Value
dollars

70,432
79, 149

66,073
71, 072

263, 566
294,935

288, 562
326, 644

+9.5
+10.8

125, 449

2 326, 928
119, 176
3
80, 197

478, 200
223, 649

513, 529
191, 771

+7.4
-14.3

-6.0
-9.1

+6.6
+11.4

-1.8
-7.4

+0.2
+5.3

2

53,119
.1325

119, 463
2238,029
49,344
.1321

177, 761

197, 561

+11. 1

1913

178

151

-15.3
-5.4

+7.7
+0.3

263, 551
398, 594

339, 036
482, 578

1, 740, 646
1, 668, 109

1,629,316
2,180,029

-6.4
+30.7

1923
1923

65
107

55
77

-15.9
-28.1

-22.3
-17.4

176, 962
170, 658

217, 383
189, 280

1, 316, 957
1, 163, 701

888,364
782, 991

-32.5
-32.7

1923
1923

68
70

82
82

+20.8
+17.7

-18.6
-9.8

5, 184
19,623
7,100
18,003
.5304

2,309
18, 105
6,655
10,430
.5138

4,322
19, 023
7,590
22,807
.4946

25, 890
64,200

28, 115
61, 655

+8.6
-4.0

1913
1913
1913
1913

269
159
194
188

120
146
182
109

-55.5
-7.7
-6.3
-42.1
-3.1

-46.6
-4.8
-12.3
-54.3
+3.9

87, 377
86, 529
86, 081
Retorts in operation, end of month
number
102, 970
93, 622
100, 772
Production
thous. of Ibs
34, 392
33, 406
37, 992
Stocks, end of month
thous. of Ibs
Ore, Joplin district:
Shipments
thous. of Ibs.. 135, 648 8 132, 970 8 125, 592
Stocks
thous. of Ibs.. 8 66, 240 867,840 8 64, 400
.0774
8 . 0748
.0732
Price, slab, prime western
dolls, per lb_.

86, 674
97,702
36, 674

82, 650
89, 898
65, 556

372, 732

395, 066

+6.0

1913
1913
1913

82
178
42

82
169
45

+0 2
-5.1
+6.6

+4.9
+8.7
-44.1

116, 650
70,800
.0699

105, 218
83, 520
.0612

490, 320

510, 860

+4.2

-7.1
+9.9
-4.5

+10.9
-15.2
+14.2

40, 362
3,676
40, 819
103, 367

160, 053
15, 627
158, 698

184, 585
26, 687
187, 366

+1&3
+70.8
+18.1

Tin
Stocks, end of month:
United States
World visible supply
Deliveries (consumption)
Imports _.
Wholesale price, pig tin

long tons .
long tons
long tons .
. . thous. oflbs..
dolls, per Ib

4,394
22,949
7,155
19, 519
.5769

3,949
23,591
7,205
13, 703
.5652

Zinc

Lead
8 47, 091
Production
short tons
4,889
Ore shipments, Joplin district
short tons
Receipts in U. S. ore
short tons.. 47, 254
100, 925
Stocks, U. S. and Mexico
short tons
Price, pig, desilverized (New York)
.0117
dolls, per lb_.

8 42, 237
5,961
45, 224
105, 812

8 49, 635
6,088
46,081
104, 784

45, 622
9,749
48, 807

. 0943

.0891

.0801

.0826

3

-8.1 +13.0
+60.1 +165." 2
+5.9 +19.6
-10.1

-3.0

-27.7
-11.7

-62.4
+80.3

Arsenic *
Crude:
Production .
Stocks. _
Refined:
Production
Stocks.. -.

short tons
short tons
.

.

978
4,276

1,224
4,651

946
4,394

684
3,881

1,819
2,152

6,261

3,832

-38.8

short tons
short tons.

1,269
6,997

1,218
8 7, 204

1,268
7,055

1,190
6,913

1,656
1,856

6,747

4,945

26 7

30, 404
943

171, 383
4, 364

161, 705
3,605

-5.6
-17.4

-6.2 -28.1
-2.0 +272. 5

FUELS
Coal and Coke
Bituminous:
37,626
Production
thous. of short tons.. 8 51, 930 s 38, 987
33, 702
980
820
919
886
Exports
thous. of long tons
PricesMine average,
2.09
2.04
1.98
1.96
spot
.dolls, per short ton..
Wholesale, Kanawha, f. o. b.
3.39
3.39
3.39
3.39
Cincinnati _ _ _ .dolls, per short ton .
8.51
8.50
8.48
8.41
Retail, Chicago .. .dolls, per short ton-Anthracite:
87,419
7,472
7,058
7,176
Production
thous. of short tons
3,809
3,692
3,940
4,068
Stocks, distrib. points.. thous. of long tons..
296
289
230
201
Exports. _
thous. of long tons..
Prices—
Wholesale chestnut,
11.75
11.75
10.95
New York
dolls, per long ton
10.76
Retail, chestnut,
14.33
14.42
14.42
13.76
New York
dolls, per short ton..
Coke:
Production1, 054
1,170
1,006
806
Beehive
thous. of short tons..
3,411
3,125
3,468
By product ... . thous. of short tons
3,316
63
53
61
66
Exports
thous. of long tons..
Price, furnace,
4.64
3.52
4.08
3.17
Connelsville
dolls, per short ton
1
2
Quarter ending Dae. 31, 1924.
Quarter ending Mar. 31, 1924.




1913
1909-13

94
84

2.07

1913

3.39
8.06

1913
1913

85
81

-10.4
-3.6

+10.8
-6.0

161

159

-1.0

-5.3

154
176

154
175

0.0
-0.8

0.0
+4.3

1913
1921
1909-13

93
152
70

98
147
80

+5.9
-3.1
+14.4

+9.7
+85.4
-6.1

10.97

1913

206

203

-1.7

-1.9

13.50

1913

207

196

-4.6

+1.9

1913
1913
1909-13

38
327
90

29
313
73

-19.9
-4.4
-19.7

-25.3
+10.2
+17.8

144 130
-9.9
* £>ee te>it on ] >age 29.

-16.1

6,811
2,125
245

1,079
3,010
45
3

30,470

29,125

-4.4

1,138

1,016

-10.7

4,787
12, 306
266

3.78
March, 1924.

4,036
13, 320
243

-15.7
+8.2
-8.6

1913

8 Revised.

33
TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA

In many cases May figures are now
available and may be found in the

1935

special table on page 23

January February

March

April

April,
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

1924

235,104

BASE
YEAR

OR
PERIOD

1925

231, 071

Per ct.
increase
(
or1?
decrease
(-)
1925
from
1924

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (—

1925

April,
April 1925,
from from
Mar Apr. March April,
1924

FUELS— Continued
Petroleum
Crude petroleum:
54,045 8 60, 433
Production
thous. of bbls.. 59, 519
Stocks, end of monthTotal (comparable)
thous. of bbls.. 352, 129 353,325 8353,845
159
8163
Days* supply
',.
number..
165
Tank farms and pipe
347, 943 348,359 8 348, 731
lines
thous. of bbls
43,642
43,290
Refineries-thous. of bbls..
43, 670
7,025
6,375
Imports
thous of bbls
5,580
Consumption58,087 865,379
Total
thous. of bbls.. 66, 614
59,407
Run to stills
thous. of bbls
57, 333
52, 993
11,704
10,234
Shipments from Mexico
thous. of bbls.. 11, 014
1.293
Price, Kansas-Oklahloma... dolls, per bbl__
1.738
1.800
883
81,089
Oil wells completed
number. .
990
Gasoline:
Production
thous. of gals.. 831,652 790,442 853, 574
Exports
' thous. of gals
95,518
99, 813 118, 854
D omestic consumption
thous. of gals . . 596,406 542,427 620, 636
Stocks, end of month
thous. of gals.. 1,330,236 1, 487, 142 1, 610, 868
Price, motor, New York
dolls, per gal..
.170
.205
.210
Kerosene oil:
Production
thous. of gals.. 247, 727 214, 421 219,908
Domestic consumption
thous. of gals.. 137, 679 118, 168 116, 796
Stocks
thous. of gals_. 378,598 419, 582 440, 870
.082
Price, 150° water white
dolls, per gal. _
.083
.084
Gas and fuel oil:
Production.
thous. of gals.. 1, 171, 302 1, 058, 725 1, 203, 906
Domestic production
thous. of gals.. 1, 163, 377 989, 405 1, 118, 235
Stocks
thous of gals 1, 619, 688 1, 639, 105 1, 647, 523
Price, Pa., 36-40 at refin
dolls, per gal..
.065
.068
.069
Lubricating oil:
Production _
-thous. of gals.. 103, 164 100, 503 118, 494
Domestic consumption
thous. of gals.. 52,104
67, 026 8 70, 012
Stocks
.
thous. of gals.. 268, 699 275, 258 « 286, 155
Price, Pa., 600° fil., "D"
at refineries
dolls, per gal..
.324
.320
.325

61, 107

59,433

353, 067
158

8343,712
8160

348, 813
44,409
5,415

8 338, 203
39, 518
7,297

65,642
59,180
9,609
1.800
1,567

8 61, 786
55,249
13, 514
1.750
1,429

754, 773
860, 492
114, 396
104, 442
607, 175
810, 849
1,561,002 1, 625, 869
.200
.200
201, 163
141, 774
419, 850
.078

203, 186
155, 424
288, 965
.080

1,230,322 1, 116, 764
1, 067, 801 8 989, 371
1, 736, 995 1, 536, 337
.058
.059
107, 096
69,450
285, 420

96, 967
8 61, 095
251, 047

.310

295

+1.1
-0.2
-3.1

+2.8

+1.8
-15.1

0.0

3.1
+12.4
-25.8

301
196
445
193
98

+0.4
-0.4
-17.9
0.0
+43.9

+6.2
+7.1
-28.7
+2.9
+9.9

1913

292

1913
1919

+1.7

337 336
141 136

1919
1913

292
430

297
365

1913
1913
1913
1913
1913

300
197
542
193
68

+2.7
-1.2

28,742

24, 395

-15.1

246,420
209,099
48, 565

255, 722
228, 913
42, 561

+3.8
+9.5
-12.4

4,201

4,529

+7.8

2, 877, 080 3, 336, 161
418, 627
381,378
1,977,481 2, 570, 318

+16.0
+9.8
+30.0

1919
1919
1919
1919
1913

259
388
217
341
122

261
341
283
330
119

+0.8 +14.0
-12.1 -8.7
+30.6 +33.5
-3.1 -4.0
-2.4
0.0

883, 219
514, 417

+8.0
-3.3

1919
1919
1919

113
101
147

103
122
140

-8.5
+21.4
-4.8
-4.9

4,319,490 4, 664, 355
4, 006, 712 4, 338, 818

+8.0
+8.3

1919
1919
1919
1919

189 194
195 186
212 223
131 113

429, 257
258, 592

+11.1
+5.7

1919
1919
1919

168
147
177

152
146
177

-9.6
-0.8
-0.3

+ 10.4
+13.7
+ 13.7

1919

90

85

-4.6

+2.0

817, 819
532, 122

.304

386, 453
244, 646

-1.0
-8.8
+45.3
-2.5

+2.2 +10.2
-4.5 +7.9
+5.4 +13.1
-13.2 +1.7

AUTOMOBILES

Production:
Passenger cars—
Total
number of cars
United States .
. number of cars .
Canada
number of cars..
TrucksTotal
number of cars
United States
.. number of cars
Canada
number of cars..
Shipments:
By railroads
carloads
Driveaways
number of cars..
By boat
number of cars
Exports:
Assembled—
Total
number of cars-_
Passenger cars
number of cars
Trucks
..number of cars. .
Accessories and parts
thous of dolls
From CanadaTotal
number of cars
Passenger cars
number of cars
Trucks
number of cars
Accessories and parts
dollars .
Foreign assemblies
_
number of cars . .
Internal-revenue taxes collected on:
Passenger automobiles and
motor cycles
.
_ thous. of dolls
Automobile trucks and
wagons
.. ._
thous. of dolls
Sales of automobile accessories and
parts
thous. of dolls

212, 921
204, 620
8,301

252, 803
242,024
10, 779

332, 150
319, 136
13, 014

391, 301
375, 786
15, 515

346, 405
331, 957
14, 448

1, 340, 734
1, 289, 179
51, 555

1, 189, 175
1, 141, 566
47, 609

-11.3
-11.5
-7.7

1919

240

283

+ 17.8
+17.8
+19.2

+13.0
+13.2
+7.4

28,142
26, 577
1,565

34, 394
32, 701
1,693

45, 068
42, 979
2,089

47, 664
46, 092
1,572

37, 931
35, 998
1,933

137, 984
130, 585
7,399

155, 268
148, 349
6,919

+ 12.5
+13.6
-6.5

1919

171

181

+5.8
+7.2
-24.7

+25.7
+28.0
-18.7

33, 817
22, 334
349

39, 720
31, 192
487

51, 177
3 47, 471
1,114

56, 210
57, 122
8,740

48, 057
36, 801
4,160

201, 300
162, 439
6,106

180, 924
158, 119
10, 690

-10.1
-2.7
+75.1

1920
1920
1920

+9.8 + 17.0
245 269
121 146 +20.3 +55.2
24 186 +684. 6 +110. 1

17, 474
14, 492
2,982
4,764

16, 891
14, 739
2,152
5,363

27, 993
23, 265
4,728
8,450

28, 833
23, 806
5,027
8,163

18, 570
15, 806
2, 764
8,673

65, 426
55, 784
9,642
29, 882

91, 191
76, 302
14, 889
26, 740

+39.4
+36.8
+54.4
-10.5

1919
1919
1919
1916

406
416
364
238

5,174
3,732
1,442
285, 073
13, 075

5,136
4,008
1,128
455, 750
11, 874

7,573
6,495
1,078
596, 640
15, 433

5,894
4,760
1,134
325, 273
16, 279

2,721
2,315
406
411, 224
12, 623

21, 169
16, 116
5,053
1, 829, 000
44, 690

23, 777
18, 995
4,782
1, 662, 736
56, 661

+12.3
+17.9
-5.4
-9.1
+26.8

1919
1919
1919
1919
1923

396 308
398 291
386 406
205 112
174 184

6,599

5,563

5,749

11, 121

9,510

37, 584

29, 032

-22.8

1920

83

160

+93.4

+ 16.9

3,986

1,828

-54.1

1920

37

39

+8.0

-54.9

1920

40

-1.7

30 5

418
425
387
230

+3.0
+2.3
+6.3
-3.4

+55.3
+50.6
+81.9
-5.9

-22.2 +116.6
-26.7 +105. 6
+5.2 + 179.3
-45.5 -20.9
+5.5 +29.0

592

277

461

498

1,105

33, 140

28, 786

32, 976

32, 419

46, 657

193, 424

127, 321

-34.2

73, 692
42, 171
.318

55, 329
41, 721
.307

39, 607
46, 366
.346

72, 813
48, 155
.340

85,043
37, 238
.168

251, 146
145, 399

241, 441
178, 413

-3.9
+22.7

1913
1921
1913

410 754
259 269
43 42

+83.8 -14.4
+3.9 +29.3
-1.7 + 102.4

thousands
thousands..
thousands

3,555
5,962
2,994

3,681
6,696
2,835

3,957
7,132
3,392

4,005
6,816
4,014

3,307
6,164
2,920

13, 234

15, 198

+ 14.8

11, 408

13, 235

+16.0

1921
1921
1921

218
169
178

220
162
211

+ 1.2
-4.4
+ 18.3

+21.1
+10.6
+37.5

thousands
thousands
thousands ._

43
160
32

43
153
43

46
143
52

52
135
53

59
185
46

223

184

-17.5

176

180

+2.3

1921
1921
1921

130
62
118

147
58
122

+13.0
-5.6
+ 1.9

-11.9
-27.0
+15.2

4,757
8,677
4.107

4,755
9,767
3.625

5,250
10, 677
4.176

5,139
10, 213
4. 933

4,035
8,627
3.521

16, 210

19, 901

+22.8

1?,. 748

15. 841

-1-15.2

1921
1921
1921

232
234
182

228
224
?,15

-2.1 +27.4
-4.3 + 18.4
-4-18.1 4-40.1

40

RUBBER

Crude:
Imports
..
thous. of Ibs
Consumption by tire mfrs
thous. of lbs._
Wholesale price, Para, N. Y.dolls. per lb_.
Tires and Tubes
Pneumatic tires:
Production . _.
Stocks, end of month
Shipments, domestic
.
Solid tires:
Production
_
_
Stocks, end of month
Shipments, domestic
Inner tubes:
Production. _
_
Stocks, end of month
ShiDments. domestic. __
s Revised.




thousands _ _
thousands. .
thousands..

34

TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA
In many cases May figures are now
available and may be found in the
special table on page 23

1925

January February March

April

April,
1924

CUMULATIVE TOTAL
FEOM JANUARY 1
THROUGH LATEST
MONTH

1924

Per ct.
increase
(+)
or decrease
(-)
1925
from
1924

BASE
YEAR
OR
PERIOD

1925

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )>

1925

April,
April 1925,
from from
Mar. Apr. March April,,
1924

OTHER RUBBER PRODUCTS
Kubber heels:
Production
thous of pairs
Shipments—
To shoe manufacturers .thous. of pairs..
To repair trade
thous of pairs
Stocks end of month
thous of pairs
Rubber-proofed fabrics:
ProductionTotal
thous. of yds..
Auto fabrics
thous. of yds .
Clothing fabrics
thous. of yds. .

19, 170

17, 627

18, 329

14, 971

15,838

63, 258

70,097

+10.8

-18.3

-5.5

11, 180
3,182

9,524
4,681
44, 515

9,033
5,555
46, 733

9,109
3,899
37, 884

43, 935
15, 299

39, 826
16, 288

-9.4
+6.5

37,539

10,089
2,870
42,303

-5.2
+18,7
+5.0

-0.8
+42. 5;
+23.4

1,685
717
342

1,929
716
440

2, 032
715
463

893

32,814
995
3468

8,222
5, 485
1,445

5,646
3,041
1,245

-31.3
-44.6
-13.8

+24,9

-10.3

30, 727
2,409
15, 301
7,154
3,439,

36, 135
2,952
14,216
8,335
8,003

41, 160
2,536
20, 812
7, 181
8,824

35,009
2,987
17,493
6,144
6,904

117, 257
12, 553
56, 825
19, 570
21,616

142, 324
10, 113
68,965
30, 081
24,790

+21.4
-19.4
+21.4
+53.7
+14.7

292,364
254, 751
25,690
11, 923

282, 733
242, 820
25,893
14,020

275,028
229, 370
29,481
16, 177

.163
.215

.148
.204

.142
.184

HIDES AND LEATHER
Hides
Imports:
34,302
Total hides and skins
thous. of lbs._
2,216
Calfskins
. thous. of lbs__
Cattle hides
thous. of Ibs.. 18, 636
7,411
Goatskins
thous. of Ibs..
4,524
Sheepskins
thous. of Ibs..
Stocks, end of month:
Total hides and skins..
thous. of Ibs— 292,311
Cattle hides
thous. of lbs_. 251, 758
27,531
Calf and kip skins
thous. of Ibs
Sheep and lamb skins
thous. of Ibs. . 13,022
Prices:
Green salted, packers' heavy native
.169
steers
dolls, perlb..
.215
Calfskins, country No. 1
dolls, per lb_.

1909-13
1909-13
1909-13
1909-13
1909-13

84
43
74
102
151

96
37
109
88
167

+13.9
—14, 1
+46,4
—13.8
+10, &

+17. 6'— 15.1
+19. ©
+16.9*
+27. 8

262, 933
223, 239
25,314
14, 380

1921
1921
1921
1921

66
72
44
43

64
68
50
49

-2,7
-5,5
+13. .9+15,4

+4.6
+2.7
+16.5
+12.5

.122
.161

1913
1913

80
108

77
98

1919
1919
1919
1921
. 1921

70
167
125
91
119

70
127
118
93
105

+8.1

-9.&

1921
1921

81
84

83
82

+2.1
-2.6

+4.1
-1.9*

1921
1921

64
76

64
76

+1.0
0.0

-21.6
-15.8-

1913
1913

72
95

40
76

-44.3
-19.8

-52.7
-26.5

1913
1913

116
186

111
178

-3.8
-4.0

+8.7
+4. a

Leather
Production:
Sole leather
.backs, bends, sides.. 1, 288, 203 1, 202, 896 1, 312, 677 1, 320, 177 1, 173, 448
35, 171
29,454
38, 933
41, 244
43, 977
Skivers
doz
123,039
97,767 108,011 101, 245
Oak and union harness. . .stuffed sides.. 102,459
21,164
23,459
23,775
20,006
Finished sole and belting
thous. of Ibs.. 22, 160
62, 933
68,871
60,913
67, 728
70, 249
Finished upper
thous. of sq. ft._
Unfilled orders:
96,369
80,406
86, 918
111,073
121, 342
Oak and union harness
sides
Stocks in process of tanning:
88,312
90,047
91, 893
84,898
Sole and belting.
thous. of Ibs.. 87,907
136, 502
Upper
*
thous. of sq. ft._ 138, 300 139, 046 137, 378 133, 845
Stocks, end of month:
158, 676
Sole and belting
thous. of Ibs.. 123,035 124, 265 123, 201 124, 440
379, 357
Upper
thous. of sq. ft— 309,319 308,401 319,634 319,497
Exports:
1,042
2,205
1,870
1,752
Sole...
thous. of Ibs. . 2,052
8,392
6,731
9,160
6,763
Upper
...
. .thous. of sq. ft. . 8,669
Prices:
Sole, oak, scoured backs,
.520
.460
.500
.520
.500
heavy, Boston
dolls, per Ib
.460
.500
.480
.500
.500
Chrome calf, "B" grades.. dolls, per sq. ft..

4, 976, 923
133, 795
511,812
88,364
284, 794

6,611
27, 657

5, 123, 953
153, 608
409, 482
89,400
267, 761

6,716
30, 555

+3.0
+14.8
-20.0
+1.2
-6.0

+1.6
+10.5

-4,1 +16.4
-9,& +14.3;

+0.6
-24.3
-6.3
+1.3
-11.6

+12. 5-16.3
-17.7
+12. 3
-3.2

Leather Products
Belting sales:
372
429
361
380
409
Quantity
thous. of Ibs
644
729
663
610
686
Value
.
.
.thous. of dolls .
Boots and shoes:
28,004
29, 972
29,836
27. 202
26, 276
Production
thous of pairs
571
703
462
696
512
Exports
_
thous. of pairs
Wholesale prices—
Men's black calf,
6.25
6.40
6.40
6.35
6.35
blucher
dolls per pair
Men's dress welt, tan
5.15
4.85
5.15
5.07
5.00
calf St Louis
dolls per pair
Women's black kid, Goodyear
3.85
4.00
4.00
4.00
4.00
welt St Louis
dolls per pair
Gloves:
Glove leather —
596, 160
563, 845 557, 211
551, 681 578, 710
Production
number of skins
Stocks (tanned)—
In process
number of skins 1, 401, 895 1, 392, 075 1, 319, 830 1, 347, 439 1, 674, 710
684, 537
257, 567 311,005 362, 162 399, 148
Finished
number of skins
Gloves cut215, 679
206, 539
189, 555 198, 749 209,337
Total
dozen pairs
Dress and street —
42, 550
44, 861
34, 965
35,334
37, 182
Imported leather
dozen pairs.
36, 570
35, 288
31,251
34, 630
29, 612
Domestic leather
dozen pairs.
135, 530
140, 323
Work gloves
dozen pairs. 124, 609 126, 937 130, 217
2
March, 1924.




1,665
2,851

1,579
2,688

-5.2
-5.7

1919
1919

60
53

54
49

-11.4
-9.1

+2.2
+3.0

110, 197
1,982

113, 286
2,373

+2.8
+19.7

1919
1913

109
83

108
83

-0.5
-1.0

+6.5
+21.9-

1913

206

206

0.0

+2.4

1913

163

163

0.0

+6.2

1913

147

147

00

+3.9

2, 251, 447

-5.8

-1.2

-6.5

+2.1
+10.2

2, 390, 928

-19.5
-41.7

819, 275

813, 320

-0.7

+3.0

+4.4

120, 000
136, 667
562, 608

159, 927
136, 100
517, 293

+33.3
-0.4
-8.1

+5.4
-3.5
+4.1

+28.3
+12.9
-3.4

35
TREND OF BUSINESS MOVEMENTS— Continued
NUMERICAL DATA
In many cases May figures are now
available and may be found in the
special table on page 23

1925

January February

March

April

April,
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

1924

Per ct.
increase
(
or-tf
decrease
(-)
1925
from
1924

BASE
YEAR
OR
PERIOD

1925

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— >

1925

April,
April 1925,
from from
Mar Apr. March April,
1924

PAPER AND PRINTING
Wood-pulp Imports
short tons
short tons

22,463
142, 119

27, 560
104,262

18, 896
120, 194

21, 740
88, 973

18,431
62, 864

76,280
362, 163

90,659
455, 548

+18.9
+25.8

1909-13
1909-13

short tons
short tons
short tons
short tons
short tons

129, 005
126, 860
139, 024
112, 586
1, 573

113, 831
114,048
131, 270
110,942
1,875

127, 511
126, 269
153, 322
127, 918
1,007

132, 661
129, 881
151, 462
123, 673
1,928

128, 757
127,878
145, 271
111, 944
1,569

497, 457
488, 861
552, 486
444, 779
5,972

503,008
497, 058
575, 078
475, 119
6,383

+1.1
+1.7
+4.1
+6.8
+6.9

short tons
short tons
..short tons..

26, 268
164, 832
31, 746

25,888
163, 615
33, 667

26,414
156, 946
33, 898

29, 446
154, 912
30, 032

31,768
166, 391
31, 231

Book publication:
American manufacture .
no. of titles
Imported ...
no of titles
Sales books, shipments
thous. of books
Printing activity
weighted index number..

644
131
11, 186

543
152
11, 375

756
108
12, 874

694
186
11, 565

572
129
10, 574

Mechanical
Chemical

..

.

115 132
471 349

+15.1 +18. 0
-26.0 +41. 5

1919
1919
1919
1913
1913

111
110
108
698
28

+4.0 +3.0
+2.9 +1.6
-1.2
+4.3
-3.3 +10.5
+91. 5 +22.9

1919
1919
1919

110 123
101 100
83 73

+11. 5
-1.3
-11.4

1913
1913
1919
1920

93 85
52 90
131 117
111 109

-8.2 +21.3
+72.2 +44.2
-10.2 +9.4
-1.8

Newsprint Paper
Production
Shipments ..
Consumption
Imports __ __
Exports
Stooks (end of month) :
At mills.
At publishers
In transit to publishers

116
113
107
675
54

-7.3
-6.9
-3.8

Printing
2,214
633
44, 932

2,637
577
47,000

+19.1
-8.8
+4.6

745, 035
720, 626

737, 650
692, 359

-1.0
-3.9

695, 971

699, 573

+0.5

Boxboard
Operation
_ inch hours 8, 388, 897 7, 550, 968 7, 569, 995 7, 558, 968 8, 574, 444
Production
_
tons.. 199, 633 177, 292 179, 444 181, 281
182, 817
Orders received
__ . tons
199, 649 162, 878 167, 586 162, 246
158, 980
Unfilled orders (end of month)
tons.. 112, 911 100, 350
87, 432
74, 505
73, 629
Consumption of waste paper
tons.. 193,285 170,023 169, 383 166, 882
169, 573
Stocks of waste paper (end of month) :
On hand
_
tons.. 172, 382 172,456 176, 035 170, 901
143, 601
In transit
_
.
.tons.. 18, 846
16, 635
13, 199
14, 307
11, 918
Unshipped purchases
tons.. 34, 974
27, 110
22, 948
32, 590
27, 631
Shipments
tons _ 195, 501 174, 435 180,736 175, 037
182, 532
Stocks of boxboard (end of month)
tons.. 52, 466
54, 665
51, 835
58, 776
49, 112
Paperboard Shipping Boxes
Production:
Total
Corrugated
Solid
fiber
Operating activity:
Total
Corrugated
Solid
fiber

thous. of sq. ft_. 302, 291
thous. of sq. ft.. 228, 084
thous. of sq. ft.. 74, 207

333, 431
263, 862
69, 569

341, 769
268, 335
73, 434

330, 616
256, 409
74, 207

327, 911
245, 975
81, 936

71
70
73

76
76
76

78
79
75

74
76
67

94, 935
10, 764

92,097
12, 028

86, 484
11, 485

79,704
11,620

33.9
13, 496

41.6
12, 913

43.6
12, 607

45.5
12, 515

38.9
38.7
39.4

50.0
52.0
45.1

51.0
55.5
48.7

43.0
38.7
41.9

725, 709

-2.0

1, 282, 538 1, 308, 107
934, 696 1,016,690
347, 842
291, 417

+2.0
+8.8
-16.2

-2.9
+8.4
+42.0
-3.2
+13.4

76
74
82

Rope paper sacks, shipments. ..index number. .
Abrasive paper and cloth:
Domestic sales
reams.. 100, 565
Foreign sales
reams..
9,582

740, 613

-0.1 -11.8
+1.0 -0.8
-3.2 +2.1
-14.8 +1.2
-1.5 -1.6

per cent of normal..
per cent of normal . .
per cent of normal..

1922
1922
1922

+19.0
+20.0
+17.9
-4.1
+19.7

151 146
180 172
95 96

-3.3 +0.8
—4.4 +4.2
+1.1 -9.4
-5.1 -2.6
-3.8 +2.7
-10.7
-18.3

142

-11.3

Other Paper Products
«1922
358, 701
39,086

126

1919
1919

135 127
131 125

-6.1
-4.5

+8.5
-1.2

41.6
14, 191

1922
1922

95 99
100 100

+4.4
-0.7

+9.4
-11.8

43.7
58.1
39.7

»1921
91921
«1921

151 117
153 107
139 117

-20.8
34.2
-15.7

-1.6
-33.4
+5.5

374,081
43, 859

+4.3
+12.2

BUTTONS
Fresh-water pearl buttons:
Production
per ct. of capacity..
Stocks (end of month)
thous. of gross. .
GLASS AND OPTICAL GOODS
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..

1919
1919

97
42

96
39

-1.0
-7.1

BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements:
Portland, Oreg
number
1,025
Minneapolis, Minn.
number
3,106
Real estate conveyances (41 cities).. .number.. 135, 932
Building Costs (Index Numbers)

1,008
2,624
123, 838

1,183
3,640
157,285

1,132
5,458
169, 712

Building materials:
i
Frame house, 6-room, 1st of fol'g mo
Brick house, 6-room, 1st of fol'g mo...
Building costs (Engineering News Record),
1st of following month
Concrete factory costs (Aberthaw), 1st of following month
Plumbing fixtures, 6 articles
'Twelve months' average, July to June, inclusive, ending the year indicated.




1,062
5,615
153, 042

3,429
14, 357
580, 239

4,348
14, 828
586, 173

+26.8
+3.3
+1.0

-4.3 +6.6
+49.9 -2.8
+7.9 +10.9

1913
1913

198 198
200 197

0.0
-1.5

1913

210 207

-1.4

1914
-0.5
195 194
1913
170 169
-0.6
fl
Twelve months' average, May, 1921, to April, 1922.

36

TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA
In many cases May figures are now
available and may be found in the
special table on page 23

1925
January February March

April

April,
1924

RELAPer cent
TIVE
Per ct.
increase (+)
NUM- or decrease (— )
increase
BERS
(+
BASE
)
or deYEAR
CUMULATIVE TOTAL
crease
OR
1925
April,
FROM JANUABY 1
(-)
PERIOD
April 1925,
THROUGH LATEST
1925
from
from
MONTH
from
1924
Mar. Apr. March April,
1924
1925
1924

BUILDING CONSTRUCTION AND
HOUSING-Continued
Construction and Losses
Construction volume
index number
Contracts awarded (27 States):
9,669
Commercial buildings
thous. of sq. ft..
3,794
Industrial buildings
thous. of sq. ft..
23,518
Residential buildings
thous. of sq. ft..
3,034
Educational buildings
thous. of sq. ft..
Other public and semipublic
2,724
buildings
thous. of sq. ft._
42, 342
Grand total
thous. of sq. ft..
Contracts awarded, value (27 States):
61, 792
Commercial buildings
thous. of dolls..
16,793
Industrial buildings
thous. of dolls..
Residential buildings
thous. of dolls.. 112,402
Educational buildings
thous. of dolls..
13, 595
Other public and semipublic
buildings
thous. of dolls.. 28,425
Public works and'utilities. .thous. of dolls.. 22,359
Grand total
thous. of dolls,. 255,367
Contracts awarded (36 States):
10,919
Commercial buildings
thous. of sq. ft..
4,335
Industrial buildings
thous. of sq. ft..
26,791
Residential buildings
thous. of sq. ft..
2,371
Educational buildings
thous. of sq. ft._
Other public and semipublic
3,217
buildings
thous. of sq.ft..
48,536
Grand total
thous. of sq. ft..
Contracts awarded, value (36 States):
67, 372
Commercial buildings
thous. of dolls..
19, 454
Industrial buildings
thous. of dolls..
Residential buildings
thous. of dolls.. 127, 232
15, 339
Educational buildings
thous. of dolls..
Other public and semipublic
31, 614
buildings
thous. of dolls..
Public works and utilities.. thous. of dolls.. 35, 462
Grand total
thous. of dolls.. 296, 473
Fire losses:
41, 210
United States and Canada.thous. of dolls..
481
Great Britain
thous of £ sterling

1913

161

169

+5.0

5,379
2,489
23,734
3,322

9,860
4,096
40, 321
5,209

10, 175
5,935
46,203
4,762

7,954
4,488
42,009
4,836

32,565
15, 529
149, 128
16, 860

35,083
16, 314
133, 776
15, 327

+7.7
+ 5.1
-10.3
-9.1

1919
1919
1919
1919

107 110
32 46
200 229
272 249

+3.2
+44.9
+14.6
-8.6

+27.9
+32.2
+10.0
-1.5

3,025
38,650

4,715
64,400

5,288
. 73,221

3,769
63,347

14,027
229, 675

15, 752
218,613

+12,3
-4.8

1919
1919

210
138

236
157

+12.2
+13.7

+40.3
+15.6

29, 690
16, 303
118,556
17, 772

47,859
47, 518
200,493
40,541

56,704
44,371
235, 564
30,972

42,683
54,181
196, 775
29,998

175, 901
110, 398
691, 180
102,227

196,045
124, 985
667, 015
102,880

+11.5
+13.2
-3.5
+0.6

1919
1919
1919
1919

142 168
111 104
283 333
407 311

+18.5
-6.6
+17.5
-23.6

+32.8
-18.1
+19.7
+3.2

25,638
44,500
252, 582

37,200
56,075
430,413

44, 695
82,852
496, 157

25,738
76,422
426,103

95, 321
157, 181
1, 333, 170

135,958
205, 786
1, 434, 519

+42.6
+30.9
+7.6

1919
1919
1919

257
134
200

7,467
3,308
27,850
3,809

11, 772
4,836
45,534
5,557

12,261
6,496
51, 453
5,203

9,615
4,994
47, 536
5,757

38,268
17,629
166, 667
20,458

42, 421
18, 975
151, 628
16,940

+10.9
+7.6
-9.0
-17.2

+4.2
+34.3
+13.0
-6.4

+27.5
+30.1
+8.2
-9.6

3,746
46, 861

5,571
73, 555

6,431
82,565

4,795
73, 169

17,743
262,998

18,965
251, 517

+6.9
-4.4

+15.4
+12.2

+34.1
+12.8

38,825
20,767
136,023
20,278

54,871
53, 133
220,872
42, 193

63,969
46,568
256,414
33, 155

49,724
56, 361
219, 179
33,522

199, 673
121,953
758, 865
117, 258

225,037
139, 922
740, 541
110, 965

+12.7
+14.7
-2.4
-5.4

+16.6 +28.6
-12.4
-17.4
+16.1 +17.0
-21.4
-1.1

30, 501
52, 865
299, 260

41, 917
67, 931
480, 916

51, 433
95, 432
546, 971

32, 511
88,841
480,097

117,498
200,073
1,515,318

155,465
251,690
1, 623, 620

+32.3
+25.8
+7.1

+22.7
+40.5
+13.7

+58,2
+7.4
+13.9

32, 472
8322

33, 347
1,189

37, 697
377

31,816
1,613

132, 914
3,705

144, 726
2,369

+8.9
-36.1

1919
1920

149
168

168

+13. 0
-68.3

+18.5
-76.6

1, 938, 634
1, 846, 564
1,833,446

+5.0
+2.6
+1.1

308,990

+16.0

1917
1917
1917
1917
1919

118
107
98
84
158

117
113
112
85
187

-0.3
+5.7
+15.1
+1.1
+18.5

+4.2
+11.7
+6.3
+2.8
+40.3

1913

204

198

-2.6

+4.9

2,097,229
2, 123, 193
2, 110, 210
198, 721
113, 638

+2.3
+0.9
+8.9
-24.1
-51.2

1917
1917
1922
1919
1922
1913

150
161
134
241
256
201

154
179
142
209
229
190

+2.6
+11.1
+6.0
-13.0
-10.4
-5.4

+6.4
+2.5
+25.6
+20.0
-36.5
0.0

176,200
152,005
153, 627

-10.7
-7.2
-5.0

1918
1918
1918

137
143
143

106
122
128

-23.0
-15.0
-10.2

-23.8
-9.6
+21.6

231,028
333, 930

+6.4
+35. 6

1918
1918
1918

123
277
176

187
265
173

+51.9
-4.6
-1.8

-9.0
+26.3
-7.5

486, 683
517, 842

-2.1
-3.0

1917
1917
1920

133
117
100

152
122
103

+14.1
+4.4
+3.3

-3.3
-3.4
-3.2

207, 291
211,512

+3.7
+5.1

1919
1919

164
176

158
177

-3.9
+1.1

+4.6
+14.0

168, 163
163, 241
148, 519

+3.0
-9.8
-25.3

1920
1920
1922

103
75

147
84

+42.9
+12.2
+22.7

+12.5
-2.2
-18.5

42, 551
31,794

+8.1
-35.5

1920
1920

113
147

141
134

+25.5
-8.8

+7.5
-43.4

59, 589
60,971

-18.5
-19.4

1917
1917

44
39

27
43

-39.1
+12.6

-48.7
-16.0

184,223
100, 687

-7.5
-20.4

1913
1913

167
100

158
87

-5.2
-13.0

-14.4
-21.0

17,059
15,002

+41.6
+13.8

1922
1922
1922

240
190
171

222
173
179

309
198
231

+20.1 +73.7
+47.8 +8.4
+15.3 +16,4

Lumber
Southern pine:
476, 998 1,845,451
Production (computed)
M ft. b. m._ 489,487 453, 618 498,442 497,087
448, 535 1,800,287
Shipments (computed)
M ft. b. m_. 446,066 425, 106 474, 239 501, 153
471, 238 1, 814, 084
467, 704 429, 608 435, 272 500, 862
Orders (computed)
M ft. b. m_.
Stocks, end of mo. (computed) -M ft. b. m__ 1, 103, 887 1 123 581 1, 150, 976 1,163,231 1,131,408
95,554
68,104
266,396
80,658
74, 595
Exports (incl. timber)
M ft. b. m . 58,183
Price, "B" and
45.67
43.55
46.88
46.95
47.32
better
dolls per M f t b m
Douglas fir:
507,185 2,050,673
Production
.
M ft. b. m .507, 185 524, 643 525, 986 539,415
563, 141 2, 104, 392
Shipments (computed)
M ft. b. m_. 521,062 505,842 519, 271 577, 018
471,821 1, 937, 420
559, 112 592, 685
468, 239 490, 174
New orders..
M ft. b. m
52, 572
43, 792
261, 727
60,446
52, 853
32,850
Exports, lumber
M ft b m
32,932
51, 825
232, 821
36, 758
22, 358
21,590
Exports, timber
M ft. b. m__
17.50
18.50
17.50
19.50
18.50
Price, No. 1 common-dolls, per M ft. b. m._
California redwood:
39,584
51,409
51,966
197, 373
41, 822
Production (computed)
M ft. b. m.. 43, 385
40,904
34, 770
38, 462
163, 831
36,246
40, 085
Shipments (computed)
M ft. b. m._
40,990
36, 825
30,286
161, 696
35, 194
Orders received (computed). _.M ft. b. m_. 40,618
California white pine:
64,884
108, 329
217,219
98, 551
32, 614
Production
M ft. b. m . 34, 979
84, 377
88,417
66, 798
246, 233
84,316
76,820
Shipments
M ft. b. m
496,003
550, 925 495, 533 467, 330 458, 791
Stocks, end of month
M ft b m
Western pine:
172, 195
77,994
497, 199
96,184 8 145, 951 166, 554
Production (computed)
M ft. b. m__
130, 222
533, 949
Shipments (computed)
_ _ M ft. b. m_. 133, 718 120,398 8129,019 134, 707
974, 168
Stocks, end of mo. (computed) -M ft. b. m_. 899, 658 867, 676 8 881, 684 910, 837
North Carolina pine:
54,012
56, 231
51,660
199, 962
41,426
55, 622
Production (computed)
M ft. b. m__
56, 812
49,840
201,327
56, 217
44, 639
53,844
Shipments (computed)
M ft. b. m__
Northern pine:
Lumber —
41, 512
52, 718
163, 255
59, 332
33,414
33,905
Production
M ft. b. m
37,389
41, 929
42, 856
180,887
44,457
39,466
Shipments
M ft. b. m__
32,486
39, 856
48, 918
198, 850
40, 527
35, 650
Orders received
M ft. b. m
Lath12, 578
39, 362
10, 781
13, 526
8,943
9,301
Production
M ft. b. m
9,357
8,538
15, 098
49,277
6,566
7,333
Shipments
M ft. b. m _
Northern hemlock:
16, 674
10, 156
19,800
73, 095
14,095
Production
M ft. b. m . 18,664
14,049
18, 821
15, 819
75, 618
17,455
13, 648
Shipments ...
M ft. b. m_.
Northern hardwood:
52,249
44, 732
47, 186
199, 257
44,894
Production
M ft. b. m . 47, 411
25,481
28,070
22, 176
126,440
29,117
23,913
Shipments
M ft. b. m .
Walnut lumber:
3,704
4,017
4,336
12,045
4,650
4,056
Production
M ft. b. m__
3,654
3,341
3,285
13, 187
3,825
Shipments
.
.
M ft. b. m.. 4,182
18,232
8,167
17,476
17,085
Stocks, end of month
M ft. b. m.. 16, 709
8 Revised.




-7.4
+8.5
-8.6
+1.7
+4.3 +123.2

37

TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA
In many cases May figures are now
available and may be found in the
special table on page 23

1925

January February

March

April,
1924

April

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

1924

Per ct.
increase
(+)
or decrease
(-)
1925
from
1924

BASE
YEAR
OR
PERIOD

1995

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925

April,
April 1925,
from from
Mar. Apr. March April,
1924

BUILDING CONSTRUCTION AND
• HOUSING-Continued
Lu mber— C ontinued
Walnut logs:
3,862
3,472
Purchased
M ft. log measure
3,205
3,679
2,756
Made into lumber and
3,208
3,441
3,465
2,502
3,073
veneer
M ft. log measure
4,678
4,002
3,312
4,281
3,356
Stocks, end of month. _M ft. log measure..
Hardwood: t
Total stocks:
733, 351 775, 268
Total hardwood
_M ft. b. m_. 665, 144 689, 384
Gum
_
__M ft. b. m__ 214, 750 219, 501 228, 110 239, 563
Oak
M ft. b. m__ 225, 734 227, 670 247, 669 258, 294
Unsold stocksTotal hardwoods
M ft. b. m__ 529, 515 554,280 598, 267 646,255
Gum
M ft. b. m__ 169, 712 176, 546 185, 891 199,413
215, 122
180, 321 182, 678 200,116
Oak
M ft. b. m
Unfilled orders148, 068
159, 337
153, 689
150, 027
Total hardwoods
M ft. b. m
54,927
49, 140
49, 569
47,836
Gum
M ft b m
48, 102
50,743
51,497
Oak
_M ft. b. m__
49, 851
All lumber:
Production, 10 species
M ft. b. m._ 2,462,094 2, 407, 740 8 2,649,420 2, 666, 212 2, 619, 490
183, 701
176, 935
148,937
Exports, planks, joists, etc
M ft. b. m._ 150,950 136, 124
Retail yards, Minneapolis
Fed. res. dist.—
8
8,128
8,194 8 11, 334
17,690
11, 082
Sales
M ft. b. m..
Stocks, end of month
M ft. b. m_. 111, 707 116, 433 8 119, 327 118,088 8 120, 583
Composite lumber prices:
10
42.92
43.49
44.23
44.60
Hardwood 10
dolls, per M ft. b m
43.78
31.44
31.41
31.68
31.63
32.28
Softwoods
dolls per M ft b m

9,555

14, 218

+48.8

1922

263

276

+5.0

+40.1

9,711

13, 187

+35.8

1922
1922

259
205

261
224

+0.7
+9.3

+38.5
+41.2

+5.7
+5.0
+4.3
+8.0
+7.3
+7.5
-1.3
+2.7
—6.6

9,802,287 10, 185, 466
680,046
647, 710
31,554

45,346

+3.9
-4.8

1913
1909-13

121
99

121
103

+0.6
+3.8

+43.7

1920
1920

68
59

105
58

+56.1 +59.6
-1.0
-2.1

+1.8
+23.3

-2.0
-0.7

-3.8
-2.7

Wooden Furniture
Household furniture and case goods:
Shipments
dolls, average per firm
Unfilled orders
dolls, average per firm-Piano benches and stools:
New orders
dollars..
Unfilled orders, end of month
dollars ._
ShipmentsValue
dollarsQuantity
pieces-Flooring
Oak flooring:
ProductionM 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..
Maple flooring:
Production
M ft. b. m_.
Shipments
M ft. b. m..
Orders becked
M ft. b. m..
Stocks, end of month
M ft. b. m_.
Unfilled orders, end of month.. M ft. b. m..

24, 775
55, 813

35,302
47, 976

42,907
45,037

37,154
36,990

34,533
34, 193

159, 104

150, 138

83,488
24, 496

81,304
23,992

83,288
19,592

70,600
16, 736

76,366
33,927

364, 748

318,680

78,928
13,327

81,688
13, 548

87, 344
15, 810

73,240
12,457

84,691
11, 918

371, 322
54,713

41,768
34,812
33,794
50,925
53,772

38,245
34,904
33,539
52,804
52, 626

41,611
40,564
35,956
52,623
46,902

43, 473
44,432
43, 326
51, 702
47,349

33,927
32,442
25,867
44,677
45,938

9,967
7,523
8,266
28,214
12, 755

8,438
7,604
7,142
28,481
12, 559

8,646
7,513
5,602
29,110
11, 225

8,224
7,562
5,573
29,775
9,358

53, 218
58.918
229, 234
59,916
67, 931

56,081
53,539
232,503
53,654
68,864

60,334
60,658
231, 054
57, 440
67, 252

24,852
23,418
52,083
16, 766
40,999

22,476
21,053
53,506
15, 096
35,042

26, 151
27,393
50,672
17, 587
29, 295

17,910
68, 566
23,889
8,653

13, 656
69, 193
30, 318
13,977

19,444
65, 687
35,030
22, 159

23, 237
57,033
39, 438
29,707

26, 373
58,462
50,086
28,482

14.50

14.50

13.50

13.50

20.00

25, 266
62
4,198
111, 666
5,751
40
51, 572

20,841
62
5,613
117, 776
6,932
21
49, 692

27,404
878
12, 271
135, 435
23,188
712
64,091

28,444
81
18,738
139,223
21, 921
1,627
67,080

22, 750
57
15,827
122, 123
20,847
665
83,184

1920
1920

107
35

92
29

-13.4
-17.9

+7.6
+8.2

-12.6

1919
1919

53
10

45
8

-15.2
-14.6

-7.5
-50.7

321,200
55, 142

-13.5
+0.8

1919
1922

59
115

50
91

-16.1
-21.2

-13. 2
+4.5

125, 755
124, 510
122, 717

165,097
154, 712
146, 615

+31.3
+24.3
+19.5

1913
1913
1913
1913
1913

623 651
675 739
589 710
585 574
647 653

+4.5 +28.1
+9.5 +37. 0
+20.5 +67.5
-1.8
+15. 7
+1.0 +3.1

9,900
8,225
4, 819
24,383
13,902

39,947
34,218
35, 591

35, 275
30,202
26, 583

-11.7
-11.7
-25.3

1919
1919
1919
1919
1919

86
63
40
188
29

82
64
39
193
24

-4.9 -16.9
+0.7
-8.1
-0.5
+15.7
+2.3 +22.1
-16.6 -32.7

8
65, 794
3 58, 619
212, 551
8
59, 122
8
77, 878

181, 652
170, 324

169, 633
173, 115

-6.6
+1.6

192, 818

171,010

-11.3

1919
1919
1919
1919
1919

119
120
166
112
72

53,244
55,649

73, 479
71,864

+38.0
+29.1

65, 636

49, 449

-24.7

1919
1919
1919
1919
1919

186
195
121
131
71

84,089

74,247

-11.7

79,443

74,496

1919
1919
1919
"1920

124
268
127
159

149
233
143
213

+19.5
-13.2
+12.6
+34.1

-11.9
-2.4
-21.3
+4.3

1919

206

206

0.0

-32. 5

+3.8
+3.8
+52.7
+2.8
-5.5
+128.5
+4.7

+25.0
+42.1
+18.4
-14.0
+5.2
+144. 7
-19.4

-5.6

Brick
Clay fire brick (computed):
Production
. .thousandsShipments
thousands
Stocks, end of month
thousands. .
New orders
thousands..
Unfilled orders, end of month.. thousands..
Silica brick (computed):
Production
thousands..
Shipments
thousands
Stocks, end of month
_. thousands
New orders
thousands..
Unfilled orders
thousands
Face brick (32 identical plants):
Production
_
thousands
Stocks at yards.
thousands
Unfilled orders, end of month thousands
Shipments
thousands
Prices, common brick:
Wholesale, red, New York, dolls, per thous..
Paving brick:
Production—
Actual
thousands. .
Relation to capacity
per centShipments
thousands
Stocks, end of month
thousands..
Orders received
thousands
Cancellations
thousands-Unfilled orders, end of month.. thousands..
Common brick: J
Stocks, end of monthBurned
thousands..
Unburned
thousandsShipments
thousands..
Unfilled orders
thousands..
8
March, 1924.
»Revised.




279,862
23,951
94,185
201, 479

8

8

22,489
322,011
8
44,09
8
18, 340
3
33, 229

-6.2

83,641

101, 955

+21.9

42, 749

40,820

-4.5

72, 556
2,027

57,792
2,400

-20.3
+18.4

305,831 287,800 281,858
238,703
34, 891
43,446
71,266
58,972
110,790 170,697 206,551
169, 855
247, 176 329,673 339, 629
382, 778
1° Prices are monthly averages of weekly quotations.
» Ten months' average, March to December, inclusive.

2 1 +18.1
+64.0 +20.8
+21.0 +21.6
+3.0 -11.3

t See text on page 29.
t See text on page 29.

38

TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA
In many cases May figures are now
available and may be found in the
special table In page 23

1925
January February

March

April

April,
1924

RELAPer cent
TIVE
Per ct.
increase (+)
NUMincrease
BERS or decrease (— )
( }
BASE
ort
deYEAR
CUMULATIVE TOTAL
crease
1925
OR
April,
FROM JANUARY 1
(-)
PERIOD
April 1925,
THROUGH LATEST
1925
from
from
MONTH
from
1924
Mar. Apr. March April, .
1924
1925
1924

BUILDING CONSTRUCTION AND
HOUSING-Continued
Floor and Wall Tile
Production
.
_
thous. of sq. ft _
Shipments quantity
thous. of sq. ft
Shipments, value
thous. of dolls..
Stocks, end of month
thous. of sq. ft..
Prices:
Ceramic mosaic
dolls, per sq. ft..
White wall tile (standard) .dolls, per sq. ft..

3,606
3,031
1,085
9,090

3,708
3,270
1,160
9,358

4,014
3,813
1,357
9,585

»4,983
33,961
« 1, 182
37,605

.24
.40

.24
.40

.24
.40

3.24
3.40

12, 637
1,389

10, 675
1,229

13,683
1,543

17, 279
1,999

13, Oil
1,570

54,500
5,917

54,274
6,166

-0.4
+4.1

1919
1919

261 329
237 307

8,916
5,108
17, 656

8,255
6,015
19,689

11, 034
10, 279
8 20, 469

13, 807
14, 394
19, 882

11, 726
12, 771
17, 159

39, 472
32,909

42, 012
35, 796

+6.4
+8.8

1913
1913
1913

144
139
182

180
195
177

1. 74
1.75

1.75
1.75

1.75
1.75

1.75
1.75

1.75
1.75

1913
1913

173
197

173
197

0.0
0.0

0.0
0.0

4,513
3,474

5,047
3,787

8,502
5,772

17, 363
12, 463

10, 196
7,004

1919
1919

191
168

390 +104.2
363 +115.9

+70.3
+77.9

+18.0

14, 384
11,098
3,465

11, 328
10, 114
3,604

-21.2
-8.9
+4.0
0.0
0.0

0.0
0.0

+26.3
+29.6

+32.8
+27.3

Architectural Terra Cotta
Bookings:
Quantity. . .
Value

net tons..
thous. of dolls..

Portland Cement
Production
thous. ofbbls..
Shipments
.
.
thous. ofbbls _
Stocks, end of month
thous. of bbls..
Price:
Chicago district
dolls, per bbl..
Lehigh Valley.
_ . -dolls, per bbl
Concrete paving contracts awarded:
.Total
thous. of sq. yds..
Roads
thous. of sq. yds..

26,780
18, 836

35, 425
25, 496

+32.3
+35. 4

+25.1 +17.7
+40.0 +12.7
-2.9
+15.9

Roofing
Preparing roofing:
Shipments
thous. of roof squares..
Roofing felt:
Production, dry felt
tons
Stocks, end of month, dry felt
tons..

2,370

2,170

2,373

2,773

2,350

10, 205

9,686

-5.1

1919

114

133

+16.9

20, 076
3,503

15, 658
3,713

18, 652
3,813

19,788
4,362

17, 016
2,590

64,208

74, 174

+15.5

1923
1923

116
157

123
180

+6.1 +16.3
+14.4 +68.4

93,938
105, 056
120, 358

93, 380
121, 490
99,986

105, 905
122, 999
109, 365

107, 766
123, 269
109, 670

102, 984
65,299
97,606

1919
1919
1919

306
292
157

311
292
157

+1.8 +4.6
+0.2 +88.8
+0.3 +12.4

123, 533
184, 765
145, 279

123, 085
203, 625
123, 224

121, 936
225, 497
124, 281

123, 240
228, 532
121, 722

128, 002
125, 695
104, 210

1919
1919
1919

266
161
169

269
164
165

+1.1 -3.7
+1.3 +81.8
-2.1 +16.8

127, 289
252, 258
146, 696

121, 519
276, 333
120, 544

125, 667
306, 220
116, 985

135, 767
306, 477
127,228

130, 247
102, 458
110, 813

1919
1919
1919

230
243
133

249
244
145

+8.0 +4.2
+0.1 +199. 1
+8.8 +14.8

72, 316
174,290
70, 132

65, 032
188, 348
50, 284

71,203
191, 104
54, 075

75, 089
196, 755
51, 328

79, 249
81, 561
61,032

1919
1919
1919

251
239
129

265
246
123

+5.5 -5.2
+3.0 +141. 2
-5.1 -15.9

108, 572
295, 400

115, 236
299, 254

114, 759
280, 734

109, 136
265, 885

239, 118
728, 122

12 1921
12 1921

281
217

267
206

-4.9 -54.4
-5.3 -63.5

Sanitary Ware
Baths, enameled:
Orders shipped
number..
Stocks, end of month
number
Orders received
. _ _. _. . number _
Lavatories, enamel:
Orders shipped .. _
number..
Stocks, end of month
number..
Orders received
number _
Sinks, enamel:
Orders shipped
.number .
Stocks, end of month
number _ _
Orders received
number
Miscellaneous, enamel:
Orders shipped
.. _
number .
Stocks, end of month
_
.number. .
Orders received
number. _
Unfilled orders, end of month:
Baths
number
Small ware
number..

413, 831

400, 989

-3.1

489, 695

439, 379

-10.3

539, 213

491, 794

-8.8

544, 374

514, 506

-5.5

563, 193

510, 242

-9.4

597, 415

511,453

-14.4

317, 641

283, 640

-10.7

335, 464

225, 819

-32.7

CHEMICALS AND OILS
Imports:
28,173
27,062
23, 240
Potash
_
-long tons
20,532
10, 727
95, 109
197, 359
155, 163
73,219
Nitrate of soda...
long tons_. 89, 858
Exports:
940
1,017
713
1,024
Sulphuric acid
thous. of Ibs
891
78, 058
65, 989
94, 450
Total fertilizer
long tons .
86,201
93, 828
Dyes and dyes tuffs —
232, 291
Vegetable
Ibs.. 201, 175 216, 247 430, 830 287, 836
Coal tar
_lbs._ 2, 006, 681 2, 067, 046 1, 990, 398 2, 172, 425 1, 014, 824
Price index numbers:
Crude drugs
index number. .
Essential oils
index number .
Drugs and
Pharmaceuticals ._
index number _
Chemicals
index number
Oils and fats
index number. .
Price, sulphuric acid 66° N. Y_ .index number .

84, 152 ' 99, 007
498, 016
537, 489

+17.7
+7.9

1909-13 128
1909-13 457

97
359

-24.1 +91. 4
-21.4 +111.9

3,046
339, 063

3,561
324, 698

+16.9
-4.2

1909-13
1909-13

145
83

+25.0
-8.7

1, 056, 250
5, 430, 759

1, 136, 088
8, 236, 550

+7.6
+51.7

116
91

-13.0
-8.1

-33.2 +23.9
+9.1 +114. 1
1914
1914

204
158

197
154

-3.4
-2.5

1914
1914
1914
1913

156
113
161
70

156
113
154
70

0.0 -1.3
0.0 -2.6
-4.3 +20.3
0.0
0.0

111
67
53
71
133

+1.8 -8.5
-15.7 -26.4
+10.1 -37.4
+49.3 +15.3
11.1
0.0

105
87
62
32
41

+0.8 -14.5
+7.4 -11.9
-0.5 -36.2
-45. 8 +6.6
0.0 -22.7

-5.3
+9.2

Wood Chemicals
Acetate of lime:
10, 414 8 11, 373
Production
thous. of Ibs..
11, 590
53, 350
44,958 -15.7
12, 650
11, 581
1922
109
9,611 810,886
9,172
12,460
Shipments or use
thous. of Ibs .
10,048
39, 058
39,717
1922
+1.7
80
Stocks, end of month
thous. of lbs._
16, 230 » 17, 383
30,535
15, 367
19, 130
1922
49
999
1,421
Exports
..thous. of Ibs..
1,995
4,488
1,098
1,639
5,731 +27.7
1922
48
3,000
Price
. dolls, per cwt
3,375
3,000
3,000
3,000
1922
133
Methanol:
8
Production
gallons.. 573, 333 542, 397 8 592, 636 597, 184
698, 126 2, 835, 781 2, 305, 550 -18.7
1922
104
586. 331 521, 854 513, 966 551, 949
Shipments or use
gallons
626,837 2, 568, 655 2, 174, 100 -15.4
1922
81
Stocks, end of month..
.. . gallons 1,305,058 1, 365, 830 81, 704, 125 1, 695, 137 2, 656, 211
1922
62
194, 049 -23.2
252, 676
39, 625
63, 343
34,321
32, 188
Exports
gallons.. 56,760
1922
60
.68
.68
.68
88
.68
Price
dolls, per gal..
1922
41
8
aMarch, 1924.
Revised.
12 Eight months' average, May to December.




39
TREND OF BUSINESS MOVEMENTS—Continued
Per ct.
increase

NUMERICAL DATA
In

many cases May figures are now
available and may be found in the
special table on page 23

1925

January February March

April,
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

April

( }
or-t
decrease
(-)
1925
from
1924

1924

1925

43, 962
34,810

54, 131
43, 262

BASE
YEAR
OR
PERIOD

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925

April,
April 1925,
from from
Mar. Apr. March April,
1924

+23.1
+24.3

WOOD CHEMICALS— Continued
Grain alcohol:
Production
thous. of gals_ _
16, 323
Withdrawn for denaturation thous. of gals.. 13, 690
W a r e h o u s e s t o c k s end of month
1,932
thous of gals
Wood at chemical plants:
Consumption (carbonized) ..
cords
62, 614
Stocks, end of month
cords. . 478, 422

12, 592
9,682

13, 120
9,722

8,788
6,357

-27.3 +37.6
+5.0 -59.9
+19.4

5,010

5,983

6,235

61, 430
497, 605

62, 678
565, 947

74,596
849, 991

305, 690

242, 073

-20.8

1922
1922

96
53

97
60

106
109
116
120

4,037
55, 351
8
495, 186

12, 096
10, 168

8

-4.0

+2.0
+13.7

-16.0
-33.4

Explosives
(Black-powder, permissibles, and other high
explosives)
Production
Shipments
Sales
Stocks

thous . of Ibs. .
thous. of Ibs..
thous. of Ibs..
thous of Ibs

-5.0
-4.0
+1.1 +0.2
+7.0 +6.5
-4.2 +12.7

33, 479
35, 296
34,541
16, 480

36*527
34,074
31, 675
18, 976

34, 211
33, 354
31, 269
20, 358

32, 504
33, 727
33, 451
19, 501

33, 858
33, 674
31, 398
17, 299

135, 529
136, 457
129, 773

137, 721
136, 451
130, 936

+1.6
0.0
+0.9

1922
1922
1922
1922

111
107
108
125

.barrels..
barrels

8,391
49, 556

6, 167
37, 606

5,907
22, 831

16, 695
20, 373

15, 581
22, 456

36, 987

37, 160

+0.5

1919
1919

39
73

110 +182. 6
66 -10.8

+7.1
-9.3

barrels..
barrels

51, 279
222, 857

49, 322
199, 896

50, 137
171, 197

57, 080
154, 244

57, 310
203, 159

200,469

207, 818

+3.7

1919
1919

90
85

102
77

+13. 8
-9.9

-0.4
-24.1

thous. of lbs._
thous. of lbs__

9,454
59, 445

4,880
52, 617

5,392
79, 213

2,702
58, 556

3,552
108, 935

16, 650
398, 766

22, 428
249, 831

+34.7
-37.3

1913
1913

19
370

9
274

-49.9 -23.9
-26.1 -46.2

thous. of Ibs
thous. of Ibs

19, 177
19,109

17, 288
15, 846

19, 729
20, 125

18, 941
17, 090

20,461
20, 083

90, 542
90, 885

75, 135
72, 170

-17.0
-20.6

1913
1913

163
170

157
144

-4.0 -7.4
-15.1 -14.9

Cottonseed stocks, end of month..
tons.. 898, 671
Cottonseed oil:
Stocks, end of month
thous. of Ibs.. 120, 997
Production
...thous. of lbs_. 210,409
Price, New York
dolls, perlb..
.112

599, 626

324, 782

144,271

130, 120

1919

63

28

-55.6

+10. 9

126, 745
157, 905
.107

89, 168
116, 384
.111

70,504
76,577
.111

73, 369
46,204
.101

1919
1919
1913

93
105
154

73
69
153

-20.9
-34.2
0.0

-3.9
+65.7
+9.9

1,253
228

750
109

683
97

372
117

210
100

1,081
473

3,058 +182. 9
551 +16.5

1919
1919

72
9

39
11

-45.5 +77.1
+20.6 +17.0

173
324

142
283

163
228

99
154

146
133

585
693

-1.4
+42.7

1919
1919

104
21

63
14

-39.3 -32.2
-32.5 +15. 8

434
888

400
636

367
400

361
274

81
187

1919
1919

158
15

155
10

-1.6 +345. 7
-31. 5 +46.5

14, 720

14,468

14,810

14,043

8,930

46, 107

58,041

+25.9

1913

97

92

-5.2 +57.3

31, 226

29,847

20, 933

15, 680

8,765

65, 280

97,686

+49.6

1913

69

52

-25.1 +78.9

101

+33.3

1909-13
1909-13
1909-13
1913

136

92
104
96
106

-20.1
+38.0
-4.7
-22.2 +49.7

+13.4
+49.7

1913
1913
1919
1919

106
230
55
92

80
325
33
71

-24.4 -16.6
+41.3 +13.6
-39.6 +3.0
-22.5 +18.4

1913
1913

185
179

170
173

+8.3 +37.3
-3.7 +63.9

Naval Stores
Turpentine (3 principal ports) :
Net receipts
Stocks, end of month
Bosin (3 principal ports):
Net receipts
Stocks, end of month
Fats and Oils
Total vegetable oils:
Exports
Imports
Oleomargarine:
Production
Consumption..

_
. '._

Cottonseed

Flaxseed
Receipts:
Minneapolis
thous. of bush
Duluth
thous. of bush
Shipments:
Minneapolis
thous. of bush..
Duluth .
thous of bush
Stocks, end of month:
Minneapolis
thous. of bush..
Duluth..
thous. of bush..
Linseed oil:
Shipments from
Minneapolis
thous. of Ibs .
Linseed-oil cake:
Shipments from
Minneapolis
thous. of Ibs..
FOODSTUFFS

577
989

Wheat
Production, monthly estimates: I3
Winter
thous. of bush..
407, 156
444,833
Spring
thous. of bush..
253, 729
Total
thous. of bush.
660,885
Exports, including flour... thous. of bush
11,612
16,202
12, 601
12,928
"Visible supply:
United States
thous. of bush.. 81, 796
47,864
74, 167
63,327
Canada
thous. of bush.. 79,341
76, 187
75,048
106,076
Receipts, principal markets
thous. of bush.. 24,734
10, 422
19,923
17, 260
Shipments, prin. markets
thous. of bush_. 19, 864
18,367
14, 226
16, 168
Prices:
No. 1, northern, Chicago.. .dolls, per bush..
1.909
1.841
1.689
1.549
No. 2, red winter, Chicago.. dolls, per bush..
2.006
1.984
1.767
1. 701
8 Revised.
13
Estimated as of first of second month following month stated; i. e., figures in March
Data for a year ago represent final estimate of the 1924 crop.




509, 319
183,831
693, 150
8,418
57,383
93,380
10,123
12, 017
1.128
1.038

40,012

63,798
45,853
""

53,343

72,339
68, 625

column refer to May 1 estimate, and in the April column June 1 estimate.

40

TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA
In many cases May figures are now
available and may be found in the
special table on page 23

1925

January February March

April

April,
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

1924

Per ct.
increase
( )
or t
decrease
(-)
1925
from
1924

BASE
YEAR

OR
PERIOD

1925

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (—)

1925

April
from
March
Mar. Apr.

April,
1925,
from

i&

FOODSTUFFS— Continued
Wheat Flour
(Bureau of th/ Census)
Wheat, ground...
thous. of bushs..
Production, wheat
flour
thous. of bbls..
Production, grain offal
thous. of lbs_.
Per cent of capacity operated
per cent..

45, 010
9,853
762, 489
58

37, 720 s 33, 548
s 7, 347
8,248
648, 197 8 576, 955
843
53

30, 852
6,735
532, 491
41

35,680
7,682
643, 588
45

155, 503
33,440
2, 793, 941

147, 130
32, 183
2, 520, 132

-5.4
-3.8
-9.8

41, 385
36, 170

39, 384
35, 616

-4.8
-1.5

-8.0 -13.5
-8.3
12.3
-7.7
17.3
-4.7
8.9

(Russell's Commercial News)
Production
thous. of bbls..
Consumption
thous. of bbls
Stocks, all positions
thous. of bbls
Wholesale prices (Dept. Labor):
Flour, standard patents,
Minneapolis
_ -dolls, per bbl
Flour, winter straights,
Kansas City
dolls, per bbl

11, 705
10, 017
7,400

10, 189
9,800
6,850

9,307
8,370
6,400

8,183
7,429
6,200

9,521
8,588
6,700

9.694

9.850

9.035

8.250

8.805

8.669

7.969

7,692
879

7,037
659

7,552
689

1919
1919
1919

96
103
68

84
91

6.350

1913

197

180

7.038

5.294

1913

207

183

5,585
672

6,464
857

66

-12.1 -14.1
-11.2 -13.5
-3.1 -7.5

-8.7

+29.9

-11.7

+32.9

-8.4
-33.6

-26.0
-2.5

-13.6
-21.6

Canadian Milling £

Grindings:
Wheat
thous. of bushs
Oats
_
thous. of bushs
Production:
Wheat
flour
thous. of bbls. .
Total oatmeal and rolled
oats...
_
thous. of Ibs.Oatmeal
thous. of lbs__
Rolled oats
thous. of lbs._

30,429
4,369

27,866
2,899

1,698

1,557

1,668

1,244

1,449

6,829

6,167

-9.7

-25.4

-14.1

11, 159
1,536
9,623

7,133
1,519
5,614

7,469
1,769
5,700

7,358
2,926
4,432

11,350
2,985
8,365

64,584
24,431
40,153

33, 119
7,750
25,369

-48.7
-68.3
-36.8

-f.5
+2.0
-22.2

-35.2
-2.0
-47.0

896
Exports, including meal
thous . of bushs . .
28,812
Visible supply
thous of bushs
Receipts, principal markets... thous. of bushs. - 37,038
Shipments, prin. markets
thous. of bushs.. 14,290
6,751
Grindings (starch, glucose).. thous. of bushs..
Prices, contract grades, No. 2,
1.271
Chicago
dolls per bush

704
34, 199
21, 274
12,270
6,199

896
36, 526
24,916
13,692
5,672

1,109
25,253
10,224
14,243
5,240

2,150
19, 735
17, 535
15,912
6,437

12,826

3,605

-71.9

121, 922
74, 134
28, 182

93,452
54,495
23,862

-23.4
-26.5
-15.3

+23.8
-30.9
-59.0
+4.0
-7.6

-48.4
+28.0
-41.7
-10.5
-18.6

1.242

1.165

1.082

.790

23,474
73, 570
984

14,110
72, 386
843

12,856
63,886
1,006

11, 679
48,082
917

13,769
10,656
185

.596

.570

.492

.454

.489

204,687

160,070

2,038
934

2,804
706

Corn
1913
1913
1919
1919
1913

21 26
329 227
166 68
155 161
135 125

1913

186

173

-7.1 +37.0

Other Grains

Oats:
Production, monthly est *' mills of bushs
Receipts, principal
markets
...thous of bushs..
Visible supply
. _ thous. of bushs
Exports, including meal. ..thous, of bushs..
Prices, contract grades,
Chicago
dolls per bush
Barley:
Production, rnoTlthly Wt 18 thoUS ofhushs
Receipts, principal
markets. . .
..
thous. of bushs
Exports _
thous. of bushs
Price, fair to good, malting,
Chicago
dolls per bush
Rye:
Production, monthly est *8 thous. of bushs
Receipts, principal
markets.. _.
-thous ofbushs.
Exports, including flour. -thous. of bushs..
Price, No. 2, Chicago
dolls, per bush

1909-13

1, 295, 456 1, 231, 728

4,940
1,522

4,210
881

.973

.996

3,359
864
.922

.875
53, 317

-5.2

3,750 +129.8

115

+5.2

62
367
33

56
276
30

-9.2 -15.2
-24.7 +351. 2
-8.8 +395. 7

131

121

1909-13
12,094
2,587

-7.7

+20.3
+62.4

62,461

1913
1913

37

59

22
64

-39.3
+8.1

147

140

-5.1

1909-13

2,134
1,208
1.585

2,823
944
1.579

833
2,408
1.353

1,506
10, 749
1.118

960
2,147
.662

6,382
3,735

17, 538
Total grain exports, incl. flour.thous. of bushs..
Car loadings of grain and grain products. cars. . 197, 182

14, 984
178, 416

21, 376
188, 059

26,310
131, 086

13,606
148,097

60, 792
732, 924

9,255
2.000
3,000

11. 110
2,000
3,200

12, 210
3,600
4,440

8,880
4,000
5,200

7, 296 +14.3
15,309 +309. 9

1913
1913
1913

-7.2

+27.9

113

1913

14, 547
4,201

.803

57,968

1,632

62, 119

1913
•1913
1913
1913

65,526

153

-27.3
+32.3

+9.0
-14.6

64 116 +80.8 +56.9
1554 6935 +346. 4 +400.7
213 176
17 4 +68.9

Total Grains
80,208
694, 743

1913
1919

103
111

127
77

+23.1
-3.03

+93.4
-11.5

1913
1913
1914

+31.9
-5.2

429
57
440

472
103
610

+9.9
+80.0
+38.8

+37.5
10.0
-14.6

Argentine Grains
Visible supply, end of month:
Wheat
..
thous. of bushs
Corn
thous. of bushs
Flaxseed »
thous. of bushs

7,400
3,200
2,800

Bice
43,129
97,214
34,465
723, 114
Southern paddy, receipts at mills
bbls.. 448, 306
80.057 2, 105, 363
Shipments:
Total from mills
pockets (100 Ibs.)
981, 194 543, 246 496, 485 389,915
470, 496 3, 320, 819 2, 410, 840
95, 082
704, 771
95,165
561, 920
New Orleans
pockets (100 Ibs.)
219, 817 128, 858 118, 163
Stocks, end of month:
Mills and dealers
pockets (100 Ibs.).. 1,867,227 1, 559, 679 1, 059, 649 674, 106
718,226
98,554
60,728
279, 272
Imports..
_
pockets (100 ibs.)
78, 493
35, 498
170, 937
41, 497
Exports
Dockets (100 Ibs.).. '- 108. 979 8 114. 109 879.085
63.246
116. 428
778. 374
365. 419
8
Revised.
1s Estimated as of first of second month following month stated; i. e., figures in March column refer to May 1 estimate and
for a year also represent final estimate of the 1924 crop
* See text on p. 29.




-65.7

1919

7

6

-20.1

-56.9

-27.4
-20.3

1919
1919

81
46

64
37

-21.5
-19.5

-17.1
-0.1

+63.4
-53.1

1919
1919
1919

131
72
25

83
45
20

-36.4
-38.4
-20.0

-6.1
+71.1
-45. 7

in the April column June 1 estimate, Data

41
TREND OF BUSINESS MOVEMENTS—Continued
Per ct.
increase

NUMERICAL DATA
Jn many cases May figures are now
available and may be found in the
special table on page 23

1925
January February

March

April

April,
1924

(

-y

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

1924

BASE
YEAR

or decrease
(-)
1925
from
1924

PERIOD

OR

1925

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925

April,
April 1925,
from from
Mar. Apr. March April,
1924

FOODSTUFFS-Continued
Other Crops

Apples:
Cold-storage holdings
(p/n<1 of month)
th^ns nf faKIs
Car-lot shipments . __
carloads
Oar-lot shipments:
Potatoes
carloads
Onions, car -lot shipments..
carloads
Citrus fruits, car-lot shipments... carloads..
Hay, receipts.. .
tons

5,233
4,980

3,761
3,802

2,288
3, 244

1,143
2,216

82,080
3, 373

14, 242

-44.1

1919
1919

118

25, 491

48

59
38

21, 159
2,713
12, 036
101, 595

19, 886
1,984
10,402
69, 869

20, 862
1,533
11,309
74, 305

19,532
2,900
10,417
45,985

18, 406
2,270
12, 680
65, 624

79, 342
8,671
46,359
350,209

81,439
9,130
44,164
291,754

+2.6
+5.3
-4.7
-16.7

1919
1919
1919
1919

139
88
210
62

130
167
193
38

-6.4
+6.1
+89.2 +27.8
-7.9 -17.8
-38.1 -29.9

1,869
708
207
1,150

1,530
555
176
967

1,860
645
241
1,179

1,827
664
271
1,163

1,751
627
8239
1,108

6,652
2,432
827
4,169

7,086
2,572
895
4,459

+6.5
+5.8
+8.2
+7.0

1919
1919
1919
1919

91
72
55
103

89
74
62
102

-1.8
+2.9
+12.4
-1.4

+4.3
+5.9
+13.4
+5.0

480, 692
473, 652
9,412

346, 086
347, 328
8,652

425, 740
421, 760
18,476

431,009
439, 922
12,004

398, 288
400, 792
13,827

1, 605, 945
1, 589, 182
48,315

1,683,527
1, 682, 662
48,544

+4.8

1913
1919
1913

129
100
136

131
104
88

+1.2
+4.3
-35.0

+8.2
+9.8
-13.2

140, 705

130, 809

116, 318

96, 223

878,423

1919

49

40

9.313
.183
.133

9.469
.183
.135

10. 200
.183
.148

9.988
.183
.153

10. 775
.170
.155

1913
1913
1913

120
141
113

117
141
117

-2.1
0.0
+3.4

-7.3
+7.6
-1.3

6,105
2,176
38
3,910

4,558
1,580
35
3,010

3,528
1,239
92
2,285

3,246
1,199
41
2,039

4,374
1,559
57
2,809

20, 795
7,737
206
13, 028

17,437
6, 194
206
11,244

-16.1
-19.9
0.0
-13.7

1919
1919
1919
1919

94
104
123
90

87
100
55
80

-8.0
-3.2
-55.4
-10.8

-25.8
-23.1
-28.1
-27.4

726, 051 547, 772 519, 331
483, 656 8459,494 8 449, 691
114,706 123, 281
83, 215

690, 514
556, 581
137, 577

3,277,054
2, 281, 349
728, 348

2, 743, 892
2, 005, 022
465,423

-16.3
-12.1
-36.1

1913
1919
1913

115
120
150

109
117
101

-5.2
-2.1
-32.5

-24.8
-19.2
-39.5

1919

106

105

-1.4

-4.4

763, 695
406, 701

584, 179
246, 531

-23.5
-39.4

1919
1919

131
100

126
70

-1.5
-29.8

-33.4
-39.4

-50.0
-31. 7

-45.0
-34.3

Cattle and Calves
'Cattle movement, primary markets:
Receipts
thousands.
Shipments, total
thousands
Shipments, stocker and feeder.. thousands..
Local slaughter ..
thousands
Beef products:
Inspected slaughter product -thous. of Ibs...
Apparent consumption
thous of Ibs
Exports
thous. of lbs__
•Cold-storage holdings
(end of month)
thous. of lbs._
Prices, Chicago:
Cattle, corn-fed.
.dolls, per 100 Ibs
Beef, fresh native steers
dolls, per lb__
Beef, steer rounds, No. 2
dolls, per lb_.

+0.5

Hogs and Pork
Hog movement, primary markets:
Receipts.
thousands
Shipments, total.
thousands
Shipments, stocker and feeder .thousands..
Local slaughter
thousands
Pork products, total:
Inspected slaughter product -thous. of Ibs..
Apparent consumption
thous. of Ibs. .
Exports..
.__
thous. of Ibs..
Cold-storage holdings
(end of month)
thous. of Ibs
Xard (included in pork products):
Production
thous. of Ibs. .
Exports
thous. of Ibs..
Cold-storage holdings
(end of month)
thous. of Ibs..
Prices:
Hogs, heavy, Chicago dolls, per 100 Ibs
Hams, smoked, Chicago
dolls, perlb..
Lard, prime contract, N. Y. .dolls, per lb__

950, 738
612, 981
144, 221

8

778, 792

865, 355 8 979, 739

965, 688 81,010,649

194,189
78,440

161, 697
60, 363

115, 016
63, 281

113, 277
44, 447

170, 096
73, 307

112, 704

151, 927

150, 182

151,499

8127,949

10.800
.219
.166

11.150
.231
.161

13. 480
.269
.171

12. 575
.282
.161

7.425
. 190
.113

1,467
688
138
786

1,388
675
119
711

1,504
670
95
836

1,541
704
109
833

1,348
613
105
726

5,824
2,733
443
3,090

5,900
2,737
461
3,166

+1.3
+0.1

39, 655
40, 270

34, 945
34, 955

40, 572
40, 671

40, 610
40,641

33,848
34,214

147, 150
148, 246

155, 782
156, 537

2,336

2,294

2, 090

1,998

2,493

1919

25

24

-4.4

-19.9

8.688
17. 625

8.438
17.313

9.175
16. 050

7.919
14.156

9.938
15. 938

1913
1913

196
206

169
182

-13.7
-11.8

-20.3
-11.2

1919

163

164

1913
1913
1913

161
162
155

150
170
146

-6.7
+4.8
-5.8

+69.4
+48. 4.
+42.5

tt!

1919
1919
1919
1919

66
55
16
79

68
58
19
79

+2.5
+5.1
+14.7
-0.4

+14.3
+14. 8
+3.8
+14.7

+5.9
+5.6

1913
1919

89
104

89
104

Sheep and Lambs
:Sheep movement, primary markets:
Recei pts ..
thousands
Shipments, total.
thousands
Shipments, stocker and feeder. thousands..
Local slaughter
thousands
Lamb and mutton:
Inspected slaughter product -thous. of lbs._
Apparent consumption
thous. of Ibs..
Cold-storage holdings
(end of month)
thous. of Ibs
Prices:
Sheep, ewes, Chicago., dolls, per 100 Ibs
Sheep, lambs, Chicago- -dolls, per 100 Ibs..

+0.1 +20.0
-0.1 +18.8

Poultry
Receipts at 5 markets
C old-storage holdings
(end of month)

thous of Ibs

30,460

21, 256

14, 870

15,768

15, 608

thous of Ibs

138, 189

130, 513

108, 608

82, 732

'Total catch, prin. fishing ports... thous. of Ibs.. 11, 028
-Cold-storage holdings, 15th of mo.thous. of Ibs.. 55, 308
•Canned salmon, shipments
cases
394, 433

18, 181
42, 878
371, 422

23,708
29, 633
203, 520

18, 143
22,492
113,206

16, 535
21, 489
195, 188

-15.8

52, 068

82,354

1919

75

80

+6.0

+1.0

1919

97, 863

167

128

-23.8

+58.9

1919
1919

137
48

105
36

-23.5
-24.1
—44.4

+9.7
+4.7
-42.0

Fish
61, 121

71, 060

1, 206, 313

1, 082, 581

+16.3
-10.3

Milk
-Stocks, manufacturer's, end of month:
Total
. thous. of Ibs
CondensedCase goods...
thous. of Ibs..
Bulk goods
thous. of Ibs
Evaporated, case goods.
thous. of Ibs..
Unsold stocks, manufacturer's, end of month:
Total
_.
thous. of lbs__
CondensedCase goods
__
thous. of Ibs. .
Bulk goods
thous. of Ibs
Evaporated, case goods
thous. of Ibs
8
Revised .




91, 205

90, 869 8 110, 565

140,324

127,464

1920

40

62

+26.9

+10.1

12, 208
7,066
71,857

12, 321
5,956
72,460

8 13, 554 . 17,585
8 5, 537
5,559
8 91, 309 117,070

12, 220
11,918
102, 997

1920
1920
1920

25
31
60

32
31
77

+29.7
+0.4
+28.2

+43.9
-53.4
+13.7

35, 318

47,335

869,330

104, 639

81,050

1920

61

92

+50.9

+29.1

2,209
3,113
29,929

2,628
2,407
42, 187

8 1, 702
8 2, 557
8 64, 936

8,273
2,380
93,880

7,264
5,971
67,499

1920
1920
1920

6
24
85

*

31 +386. 1 +13.9
-6.9
23
-60.1
123 +44.6 +39.1

42
TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA

In many cotes May figures are now
available and may be found in the
special table on page 23

1925

January February

March

April

April,
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

1924

Per ct.
increase
(
ort>
decrease
(-)
1925
from
1924

BASE
YEAR

OR
PERIOD

1925

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925 <

April,
April 1925,
from from
Mar. Apr. March April,
1924

FOODSTUFFS— Continued
Milk— Continued
Exports:
Condensed
thous. oflbs__
4,701
Evaporated
thous. of Ibs
5,952
Powdered
thous. of Ibs..
335
Fluid milk:
ReceiptsBoston (includ. cream) ,-thous. of qts__
14,528
Greater New York
thous. of cans..
2,413
Consumption and distribution by milk plants
(Dairyman's League, N. Y.) :
Total milk consumed or sold -thous. oflbs.. 153,465
Fluid milk sold
thous of Ibs
101, 580
Milk consumed for manufacture of—
Soft cheese, ice cream, and
condensed milk....
thous. of Ibs. . 28,469
Milk chocolate and milk
15,865
powder
thous. of Ibs
6,899
Butter
thous. of Ibs
652
American cheese
thous of Ibs
Dairy Products
Butter:
Receipts, 5 markets
thous. of Ibs. _
Cold-storage holdings, creamery (end of month)
thous of Ibs
Wholesale price, 5 markets.. -dolls, per lb_.
Cheese:
Receipts, 5 markets. ._
.thous. oflbs..
Cold-storage and holdings, American (end of month)
thous. of Ibs..
Wholesale price, 5 markets. -dolls, per lb...
Eggs:
Receipts, 5 markets
thous. oflbs..
Cold-storage holdings (case).. thous. oflbs..
Sugar
Raw:
Imports
Meltings, 8 ports
Stocks at refineries
(end of month)
Refined, exports
Cane, domestic:
Receipts at New Orleans
Prices:
Wholesale, 96° centrifugal,
N Y
Wholesale refined, N. Y
Retail average 51 cities
Cuban movement:
Receipts at Cuban ports
E xports
Stocks end of month
Coffee
ImportsVisible supply:
World
United States
Receipts, total, Brazil.
Clearances:
Total, Brazil, for world
Total, Brazil, for U. S
Tea
Imports

46, 569

2,961
6,700
386

2,674
6,417
295

3,757
9,490
205

5,926
9,379
243

24,224
58,243
985

14,093
28,559
1,221

-41.8
-51.0
+24.0

1922
1922
1922

56
57
57

79
87
40

+40.5
+47.9
-30.5

-36.6
+1.2
—15.6-

14,149
2,281

16,472
2,603

16,663
2,500

15, 862
2,396

60,295
9,465

61, 812
9,797

+2.5
+3.5

1919
1913

126
174

128
167

+1.2
-4.0

+5.0+4.3

162,010
97, 761

192,375
106, 128

8228,268
398,533

598,491
290,294

507,850
305,469

-15. 1
+5.2

1922
1922

64
94

23,105

41,935

53,054

143, 849

103, 509

-28.0

1922

57

3 43, 149
« 29, 502
»4,031

96,681
56, 865
10,802

78,478
17,907
2,488

-18.8
-68.5
-77.0

1922
1922
1922

63
18
6

52,344

183, 960

189, 126

+2.8

1919

107

111

+4.5

-2.3:

1913
1919

19
79

7
74

-65.6
-6.4

-58.1
+13.8

1919

89

96

+7.6

-5.3

1913
1919

74
73

70
72

-5.7
-0.9

-0.2+23.1

154 215 +40.0
1919
1916-20 36 140 +292.9

+2.7
+36.7

25,684
4,959
502

36,929
6,049
1,334

42, 513

48, 925

3

51,119

45, 748
.414

28,789
.412

10, 875
.467

3,739
.437

« 8, 913
.384

15,378

12,845

14,464

15, 562

16,440

41,553
.228

34,647
.229

27,716
.226

26,147
.224

634
81

1,163
, 21

1,824
1,240

2,553
4,872

long tons..
-long tons..

274, 510
296,101

372, 911
313, 242

446,354
551, 892

long tons
.. -long tons. _

94,110
7,056

137, 829
14, 108

.. -long tons..

2,996

dolls per Ib
dolls, per lb_.
index number

59, 892

58, 249

-2.7

« 26, 202
.182

2,487
3, 563

5,395

486, 599
545,078

384,952
426,955

1,491,951
1,542,993

1,580,374
1,706,313

184,668
21,455

280,444
20,284

277,027
25,342

50,435

62,903

+24.7

403

432

518

174

24,357

4,349

-82.1

.046
.061

.046
.058

.047
.059

.045
.056

.064
.079

long tons.. 637,599
- -long tons . . 375, 213
293,891
long tons

833,934
504,146
623,658

109, 048

79,992

-thous. of lbs_thous of bags
thous. of bags..
thous. of bags..

5,290
713
874

8

876,210 836, 676
677, 797 536, 148
802,936 1, 158, 245

634,044
380,109
945, 715

86,097

111, 957

135, 167

5,112
652
765

5,329
888
889

6,174

+14.4

+5.9
+10.6

254
170

277
168

+9.0
-1.2

+26.4
+27. T

194 294
1919
1909-13 727 687

+51.9
-5.5

-20. a

1913
1919

+1.2:

+19.9 +197. T

487,119

410, 304

+14.8
+12.4
-15.8

3

3

1913
1913
1913

2,775,019 3,184,419
1, 863, 154 2,093,304

1913

135
138
140

127
132
136

-4.3
-5.1
-2.9

-29. T
-29.1
-24. 9^

1919
1919
1919

265
208
125

253
165
180

-4.5
-20.9
+44.3

+32.0
+41.1
+22.5-

1909-13 178

113

-36.3

-23.1

45
+0.5
38 -21.7
75 i -19.6

+23.0*
+9.6.
-36.8

5,353
695
715

4,351
634
1,131

4,529

3,243

-28.4

1913
1913
1913

679
278

728
463

4,174
2,179

3,247
1,740

-22.2
-20.1

1913
1913

78
118

69
71

-11.8
-39. 8

-6.7
-40. 0

45
48
93

thous. of bags.thous. of bags.-

1,042
623

756
377

770
462

thous. of Ibs -.

7,661

6,084

7,417

4,786

5,922

"25,010

25,948

+3.8

1909-13

90

58

-35.5

-19.2-

475
6,652

452
5,681

504
6,270

494
6,048

501
5,323

2,020
21,704

1,925
24.651

-4.7
+13.6

1913
1913

80
484

78
467

-2.0
-3.5

-1.4
+13.6

35,457

33, 172

34,346

34, 159

32,866

141, 257

137, 134

-2.9

1913

93

92

-0.5

+3.9-

1909-13 103 98
1913
373 501
1913
5
18

-5.0
+34.5
-70.4

-51.6-14.5
-10.3.

TOBACCO
Consumption (tax-paid withdrawals) :
Large cigars
millions..
Small cigarettes
mi llions _ .
Manufactured tobacco
and snuff
-thous. of Ibs..
Exports:
Unmanufactured leafthous. of Ibs. .
Cigarettes
- -millions ..
Sales of loose-leaf warehouses
thous. of lbs._
Price, wholesale, Burley good leaf,
<-?Qi«lr roH T nnievillp

Hnllc DPr 1flfllh)<!

123, 602
3,133
164, 247

-44.5
-9.0
+6.7

24,127
735
51, 833

32,475
721
14,556

30,850
970
4,307

63,732
1,135
4,800

24.50

24.50

24.50

24.50

28.00

2,104
1,221
510
None.
None.
2,724

1,951
1,114
452
3,604

2,159
1,296
524
1,610

2,548

2,241

8,556

9,786

+14.4

1919

91,787

98, 417

81,528

318,053

367, 211

+15.5

1919

401, 371

572,528

411.499

1, 476, 233

1,685,052
Revised.

+14.1

1922

TRANSPORTATION
River and Canal Cargo Traffic
Panama Canal:
1,840
1,907
Total cargo traffic
thous. of long tons..
1,037
942
In American vessels. - .thous. of long tons..
428
517
In British vessels
thous. of long tons . .
None.
None.
Sault Ste. Marie Canals --thous. of short tons..
None.
New York State canals- —thous. of short ton§-. None.
2,209
2,305
Suez Canal
- thous. of metric tons. .
Mississippi Rivers, Government owned
95,907
barges
tons-- 81,087
Ohio River, Pittsburgh, Pa., to
Wheeling W Va
short tons.. 365,970 345. 183
'March, 1924.




222,648
3,442
153, 913

36, 150
707
93,551

1913

7,802 -14.3
4,314 -20.4
-10.2
1,907
3,604 +123. 9

9,102
5,422
2,124
1,610

8

186

186

0.0

-12.6

1915
1915
1915
1913

517
670
278
N.

479
611
246
36

-7.3
-8.8
-11.4

-9.6-14.0
-13.7

234

1051
134

219

1127
192

-6.5

+13. T

+7.2

+20.7

+42,7

+39.1

43

TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA
In* many cases May figures are now
available and may be found in the
special table on page 23

1925

January February

March

April

April,
1924

Per ct.
increase
(
or-tf
deCUMULATIVE TOTAL crease
FROM JANUARY 1
THROUGH LATEST
MONTH

1924

1928

1925
from
1924

BASE
YEAR
OR
PERIOD

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925

April,
April 1925,
from from
Mar. Apr. March April,
1924

TRANSPOBTATION-Continued
Ocean Transportation
Entrances, vessels in foreign trade:
Total
thous. of net tons-American..
thous. of net tons. Foreign
thous. of net tons-Clearances, vessels in foreign trade:
Total-- .
American _
thous. of net tons-Foreign
thous of net tons Freight rates, Atlantic ports to:
United Kingdom weighted index number -All Europe
weighted index number --

4,456
1,721
2,736

4,527
1,747
2,780

5,227
2,046
3,181

5,434
2,369
3,066

5,107
2,318
2,790

18,587
7,857
10,731

19,644
7,883
11,763

+5.7
+0.3
+9.6

1913
1913
1913

118 122
174 202
97 94

+4.0
+15.8
-3.6

5,126
1,820
3,307

4,550
1,750
2,800

5,051
1,993
3,058

5,622
2,405
3,217

5,308
2,470
2,839

19,082
8,206
10,877

20,349
7,968
12, 382

+6.6
-2.9
+13.8

1913
1913
1913

113 125
159 192
95 100

+5.9
+11.3
+20.7 -2.6
+5.2 +13.3

1920
1920

27.0 26.1
25.6 26.0

138 160
246 213
182 178

+6.4
+2,2
+9.9

-3.3
+1.6

Freight Cars
Surplus (daily av. last week of month) :
Box
number-- 103, 209
Coal._number. - 69,736
Total_
number .- 213,921
Shortage (daily av. last week of month) :
Box
_
number -61
44
Coal-- _
number-Total
number- 406
Cars in bad order:
Total end of month
.cars-- 186,539
Ratio to total on line
_
per cent-8.1
Car loadings (monthly totals):
Total
thous. of cars-3,555
Grain and grain products.. -thous. of cars..
197
Livestock
thous. of cars.146
Coal and coke.
thous. of cars..
861
265
Forest products
thous. of cars-40
Ore
thous. of cars-Merchandise and misc
thous. of cars-2,046
Railroad Operations
Revenue:
Freight
thous. of dolls_.
Passenger
thous. of dolls..
Total operating
thous. of dolls ..
Operating expenses
thous. of dolls ..
Net operating income
thous. of dolls. .
Freight carried
mills, ton-miles. _
Pullman company operations:
Revenue
thous of dolls
Expenses
thous. of dolls..
Passengers carried .
thousands ..
Locomotives in bad order:
Total end of month _ . _
number. .
Ratio to total on line
per cent--

103, 177
138, 425
285,015

113, 615
185,724
344,959

131, 212
160,913
337, 181

101, 648
193, 061
329, 489

1919
1919
1919

100
10
167

5
25
60

None.
15
15

42
97
177

1919
1919
1919

185, 047
8.0

186, 417
8.1

189, 514
8.2

179,275
7.9

1913
1913

122 124
124 121

3,652
178
128
774
316
42
2,214

4,558
188
140
806
404
59
2,960

3,722
131
110
596
313
91
2,481

3,499
148
117
539
305
70
2,320

350, 619
88, §74
484, 774
383, 735
65, 842
37, 035

336,800
77,566
454, 996
355, 555
64, 920
33, 575

360, 608
79,572
486, 481
377, 265
73, 117
35, 335

347, 029
78, 373
473, 497
370, 623
66, 199

342, 907
85, 223
475, 232
377, 827
62,299
3
36, 426

6,320
5,202
2,800

5,652
4,993
2,503

6,270
5,421
2,651

6,008
5,168
2,701

5,878
5,175
2,681

11, 314
17.6

11, 404
17.7

11, 611
18.1

11, 101
17.3

11, 440
17.8

1

+15.5 +29.1
-13.4 -16.7
-2.3 +2.3
-40.0
-75.0

-84.5
-91.5

+1.7
+1.2

+5.7
+3.8

15, 487
694
525
3,038
1,298
232
9,700

+2.7
-5.3
-4.4
-1.8
+1.2
+17.2
+5.1

1919
1919
1919
1919
1919
1919
1919

131 107
111 77
98 77
108 80
163 126
36 50
147 123

1, 400, 723 1, 395, 056
347, 472
324, 185
1,929,043 1, 899, 748
1, 528, 436 1, 487, 178
265, 613
270, 078
106, 913
105, 945

-0.4
-6.7
-1.5
-2.7
+1.7
-0.9

1913
1913
1913
1913
1913
1913

204
138
191
208
122
129

196
136
186
204
111

-3.8
-1.5
-2.7
-1.8
-9.5

+1.2
-2.1
-0.4
-1.9
+6.3

+5.3
+1.1
+1.2

1913
1913
1913

182 174
231 220
128 130

-4.2
-4.7
+1.9

+2.2
-0.1
+0.7

-4.4
-4.4

-3.0
-2.8

15, 086
733
549
3,095
1,283
198
9,228

23, 037
20,548
10, 529

24,250
20,784
10, 655

1919
1919

75
75

71
72

-18.3 +6.4
-30.3 -11.5
-21.4 -6.0
-26.1 +10.6
-22.5 +2.6
+54.2 +30.0
-16.2 +6.9

Equipment Installations
Locomotives (Am. Ry. Assn.):
Owned (end of month) . _
number. . 64,824
64, 779
64, 747
64, 509
64,896
Tractive power
thous. of lbs_. 2, 590, 525 2, 591, 619 2, 592, 940 2, 587, 347 2,561,363
Installed during month
number167
125
138
171
97
7,456
Tractive power
.thous. of lbs_.
6,233
6,250
7,498
4,167
Retired during month
number ..
213
169
170
409
112
Tractive power
thous. of Ibs . _ 6,242
5,119
4,889
13, 126
2,881
Unfilled orders (end of month)... number. .
280
293
315
340
552
81 '
Building in R. R. shops
number-77
11
83
82
Freight cars (Am. Ry. Assn.):
Owned (end of month)
number. .2,341,109 2, 346, 687 2, 350, 697 2, 353, 956 2, 312, 074
Capacity
..mills, of lbs._ 207, 626 208, 339 208, 908 209,368
202, 448
Installed during month
number. _
11, 768
15, 024
16,007
13, 749
8,718
Capacity
mills, of Ibs . . 1,103
1,444
1,508
1,305
732
Retired during month
number-7,867
9,453
12, 067
10, 497
8,026
654
Capacity
mills, of lbs_730
949
847
613
Unfilled orders (end of month) number .. 58, 910
50, 603
45, 419
42, 602
59,550
Building in R. R. shops
number-5,285
4,878
5,572
2,739
8,072
Passenger Travel
National parks:
Visitors
number.. 38, 292
45,700
58, 082
66, 476
58,330
852
Automobiles entered
_ .number. .
1,267
3,171
2,888
2,118
Arrivals from abroad:
Aliens
fiumber
20, 952
20, 913
26, 619
26, 744
38, 375
United States citizens.
number. . 16, 987
23, 186
29, 228
24, 253
26, Oil
Departures abroad:
Aliens
number
6,183
4,087
4,993
5,684
5,394
United States citizens...
number.. 22,538
23, 211
24,604
20, 791
23,700
Passports issued
number..
8,640
8,816
15,304
19, 655
25,040
PUBLIC UTILITIES
Telephone companies:
Operating re venues _ _
thous. of dolls. . 52, 023
49, 890
52, 762
3 46, 818
Operating income
thous. of dolls . . 12, 492
11, 782
12, 852
3 10, 083
Telegraph companies:
Commercial telegraph tolls. thous. of dolls ..
9,392
8,820
9,821
9,684
8,800
Operating revenue
thous of dolls
11,593
10, 869
12, 071
11,861
10, 880
Operating income
thous. of dolls..
1,596
1,340
1,816
1,657
1,438
3 March, 1924.




-0.4
-0.2
+23.9
+20.0
+140.6
+168.5
+7.9
-1.2

601
27, 437
961
29, 376

45, 255
4,148
39, 547
3,173

56, 548
5,360
39,884
3,180

179, 380
6,796

208,550
8,178

+20.3

+16.3

1920
1920

137,739
87, 198

95,228
95, 412

-30.9
+9.4

19, 025
85,279
45, 683

20,947
94, 053
57,800

138, 365
29, 146

154, 672
37, 126

34, 957
43, 257
5,497

37, 717
46, 394
6,409

-20.7
-33.3

+48.8
+60.8

+25.0
+29.2

+0.9
+0.2

-0.6
+1.0
+76.3
+79.9
+265.2
+355. 6
-38.4
+645. 5

+0.1
+0.2
-14.1
-13.5
-13.0
-10.7
-6.2
+44.9

758
41, 149
646
18, 268

+1.8
+3.4
+57.7
+78.3
+30.8
+38.2
-28.5
+194. 7

97
40

+14.5 +14.0
-8.9 +36.4

1913
1913

23 23
119 106

+0.5 -30.3
+7.2
-11.0

+10.1
+10.3

1913
1913
1913

22 25 +13.8 +5.4
82 79 . -3.7 +14.0
783 1,281 +63.6 +27.4

+11.8

1913
1913

400
346

+26.5

+27.4

+7.9
1913
+7.3
1919
+16. 6 1 1 1919

84
44

129 127
120 117
111 101

-1.4
+10.0
-1.7 +9.0
-8.8 +15.2

44

TREND OF BUSINESS MOVEMENTS—Continued
Per ct.
increase;

NUMERICAL DATA
In many cases May figures are now
available and may be found in the
special table on page 23

1925
April,
1924
January February

March

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

April

1924

( }
or t 4
decrease
(-)
1925
from
1924

BASE
YEAR
OR
PERIOD

1925

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925

April,
April 1925,
from from
Mar. Apr. March April,
1924

PUBLIC UTILITIES— Continued
Electric power:
Production—
Total
mills, of kw. hours..
By water power.. .mills, of kw. hours __
By fuels
mills, of kw. hours..
In street rys , mfg plants etc *
In central stations*
Consumption of fuelsCoal.,
thous. of short tons
Oil
thous. of barrels
Gas
millions of cu it

-3.8
-1.0
-5.6
-6.5
-3.6

+8.9
+8.9
+8.8
-1.1
+9.7

5,572
1,695
3,877
450
5,122

4,982
1,741
3,241
384
4,598

5,363
2, 042
3,322
400
4,963

5,159
2,022
3,137
374
4,785

4,739
1,857
2,882
378
4,361

19, 747
6 811
12, 936
1,640
18, 107

21, 077
7,500
13, 577
1,608
19,469

+6.7
+ 10.1
+5.0
-2.0
+7.5

1919
1919
1919

165
168
164

159
166
155

3,714
1,376
2,955

5,127
994
2,540

3,181
836
3,313

2,964
697
3,456

2,891
1,234
2,820

13, 119
5,939
11, 074

12,985
3,902
12,264

-1.0
-34.3
+10.7

1919
1919
1919

109
91
186

101
76
194

497
208

505
211

511
226

502
237

524
232

1914
1920
1915
1922
1922

107
127
120
99
94

105
133

-1.8
+4.9

92

-2.1

14,048

14, 133

14, 532

13, 881

14, 530

1914
1915

245
279

234

-4.5

-4.5

28.29

27.97

28.45

27, 67

27.70

1914
1915
1922
1922

228
112
232
189

222
113

-2.7
+0.9

-0.1

185

-2.1

26 89
3 28. 59
3 30 12
3
23 70
3
17. 41

1914
1914
1914
1914
1914

216
221
219
222
226

3 49. 9
47 8

1914
1914

91
94

1921
1921
1921
1921

96
114
120
84

-6.8 +2.5
-16.6 -43.5
+4.3 +22.6

EMPLOYMENT
Number employed, State and city reports:
New York State
thousands
Detroit. _
thousands
Wisconsin
index number
Illinois
index number
Massachusetts
index number
Total pay roll:
New York State
thous of dolls
Wisconsin
index number
Average weekly earnings:
New York State
dolls
Illinois __
index number
Wisconsin
index number
Massachusetts
index number
Annual weekly earnings (National Industrial
Conference Board):
Grand total (both sexes)
dollars
Total male
_
dollars. .
Skilled male
dollars
Unskilled male
dollars
Total women
dollars
Average weekly hours:
Nominal (both sexes)
hours
Actual (both sexes
hours
Employment agency operations:
Workers registered
number. .
Jobs registered
..number..
Workers placed
._..
number. .
Average applicant per job
number
Federal civilian employees, Washington,
D. C _ _ _
number
Wages of common labor by geographic division:
New England
cents per hour
IVtiddle Atlantic
cents per hour
South Atlantic
cents per hour
East South Central
cents* per hour
West South Central
cents per hour
East North Central
cents per hour
West North Central
cents per hour
Mountain
cents per hour
Pacific
cents per hour
United States average
cents per hour..

3

27.09
29.20
30.75
24.02
17.79

27.12
29.35
30. 96
23.81
17.70

27.19
29.45
31.09
23.86
17.62

49.8
48.5

49.9
48.6

49.9
48.6

146, 136
83, 856
72,600
1.74

148,080
90,720
77,424
1.63

193,292
132, 886
113, 724
1.45

182,304
147, 240
125, 184
1.24

205,039
163, 119
137,772
1.26

65, 938

65, 505

64, 884

65, 037

64, 531

44
52
22
21
28
34
36
39
52
36

45
46
23
26
29
41
39
39
51
38

48
44
25
24
28
36
41
43
53
38

47
46
29
23
27
37
37
42
53
38

52
48
27
25
26
41
35
41
53
39

36, 275
21, 747
14, 528

33, 836
20, 099
13, 737

126, 262
74, 661
51, 601

140, 614
84, 679
55, 935

32, 707
18, 890
1,389
8,150
267
2,255
176
3,412
160

29, 725
17, 257
1,293
7,370
240
2,087
169
3,013
154

101, 571
58, 728

113,882
64, 853

25, 721
6,888

1,954
105

1,887
102

7,240
585
5,934
2,633
1,926
262
1,337
85

5,961
497
5,911
2,480
1,737
248
1,210
84

2,392
107, 902

i

3

687, 138
487, 956
405,498

669, 812
454, 702
388, 184

-2.5
-6.8
-4.3

90
126
133
72

-4.2
+2.2

-5.7 -11.1
+10.8 -9.7
+10.1 -9.1
-14.5 -1.6
+0.2

+0.8

1915
1915
1915
1915
1915
1915
1915
1915
1915
1915

240
220
179
200
175
171
164
165
204
190

235
230
207
192
169
176
148
161
204
190

-2.1
+4.5
+16.0
-4.2
—3. 6
+2.8
-9.8
-2.3
0.0
0.0

-9.6
-4.2
+7.4
-8.0
+3.8
-9.8
+5.7
+2.4
0.0
-2.6

1913
1913
1913

318
249
484

322
273
439

+1.2
+9.7
-9.3

+7.2
+8.2
+5.8

1913
1913

372
307

410
342

28, 919

+11.4
+13.4
+8.4
+12.1
+10.4
+12.4

1913

674

738

7,759

+12.6

1913

449

501

10, 241

12, 356

+20.7

1913

367

380

7,620

7,779

+2.1

1913

282

275

-2.5
0.0

+3.6
+2.9

2750 3291

+19.6
+0.5
+1.8
+0.8
+1.5
+0.8
-4.1
+1.2

+21.5
+17.7
+0.4
+6.2
+10.9
+5.6
+10.5
+1.2

DISTRIBUTION MOVEMENT
Mail-order houses:
Total sales
thous of dolls
33,756
35,837
34,746
Sears, Roebuck & Co
thous. of dolls . 22,082
21, 033
19, 817
Montgomery Ward & Co. .thous. of dolls.. 12, 664
12,723
16,020
Ten-cent stores:
Total sales
_ thous. of dolls
26, 115
29,681
25,379
14, 843
16, 916
F. W. Woolworth & Co thous. of dolls.. 14,204
1,381
Number of stores operated
1,366
1,371
6,644
6,672
S. S. Kresge Co
thous. of dolls
7,453
262
259
Number of stores operated
267
2,019
1,707
McCrory Stores Corp
thous. of dolls..
1, 778
176
174
Number of stores operated
176
2,850
2,796
S. H. Kress & Co
thous. of dolls..
3,293
160
Number of stores operated
160
160
Restaurant chains:
1,837
2,005
Child's Co. .
thous. of dolls
1,983
105
105
105
Stores operated
number
Chain stores:
6,051
4,225
3,934
J. C. Penney Co
thous of dolls
582
568
568
Number of stores
5,211
5,829
5,389
United Cigar Stores Co
thous. of dolls ..
2,537
2,611
2,547
Number of stores
1,759
1,808
1,898
A. Schulte (Inc.)
thous. of dolls..
258
256
260
Number of stores
1,242
1,394
1,327
Owl Drug Co
_ -thous. of dolls..
84
84
84
Number of stores
Magazine advertising (for
2,222
1,975
2,443
following month)
thous. of lines..
106, 501
85, 803
Newspaper advertising
thous. of lines .. 93,088
Postal receipts, 50 selected
25,644
27,271
29,085
cities
thous. of dolls
Postal receipts, 50 industrial
2,856
3,035
2,979
cities
thous. of dolls..
t See text on page 29.
* See text on page 29.




+10.2 +10.0
+11.7 +9.5
+0.6 +7.4
+9.4 +10.6
0.0 +11.3
+11.7 +8.0
+4.1
+1.1
+3.6 +13.2
0.0 +3.9

17, 892

21, 450

+19.9

1913

23, 090

22, 363

1913

236

241

6,803

7,391

-3.1
+8.6

1919

282

287

5,455

5,300

-2.8

1913

429

411

2,411
107,420

" 10, 803
392,860

" 10, 569
383, 294

-2.2
+0.1

1913
1919

200
127

195
129

-2.1
+1.3

-0.8
+0.4

29, 083

26,918

105, 676

111, 083

+5.1

1919

158

158

0.0

+8.0

3,108

2,818

11,292

3 March, 1924.

+2.4 +10.3
1922
130 133
+6.1
Five months, cumulative through May.
11, 978

45
TREND OF BUSINESS MOVEMENTS—Continued
Per ct.
increase

NUMERICAL DATA

(

-y

In . many cases May figures are now
available and may be found in the
special table on page 23

1925

January February March

April,
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

April
1924

or decrease
(-)
1925
from
1924

BASE
YEAR
OR
PERIOD

RELAPer cent
TIVE
increase (+)
NUM-. or decrease (—)
BERS
1925

April,

Mar. Apr.

1925

April 1925,
from
from
March April,
1924

DISTRIBUTION MOVEMENT-Contd.
Money orders:
Domestic paid (50 cities) —
Quantity
_
number.. 11, 188
Value
thous. of dolls
61, 179
Domestic issued (50 cities)—
Quantity
number
3,127
Value .
.
thous. of dolls __
30, 563
Foreign issued
thous. of dolls _ .
2,716
Internal-revenue taxes collected:
Firearms and shells
thous. of dolls..
170
Jewelry, 1J
watches, and
clocks
thous. of dolls
1,602
Theater admissions J1
thous. of dolls..
2,276
Bonds and stocks issued
and conveyances
thous. of dolls
2,633
Capital stock transfers
thous. of dolls..
1,556
Delinquent accounts:
Electrical trade
...dollars.. 198, 225
Number of
firms
number..
1,336
Hardware trade:
Sales index
129
Outstanding accounts (number of times
sales)
_2.0

10, 533
74, 014

12, 909
91, 845

12, 031
87, 883

12, 046
87, 981

45, 388
349, 800

46, 661
314, 921

+2.8
-10.0

1919
1919

166
141

155
134

-6.8
-4.3

-0.1
-0.1

2,960
28, 683
2,840

3,605
33, 512
3,540

3,234
31, 097
3,278

3,062
30, 360
3,336

12, 250
120, 935
12, 123

12, 926
123, 855
12, 374

+5.5
+2.4
+2.1

1919
1919
1919

190
154
119

171
143
110

-10.3
-7.2
-7.4

+5.6
+2.4

120

139

286

158

522

715

+37.0

1919

43

89 +105. 8

+81.0

1,110
2,127

522
2,229

565
2,313

1,491
7,163

10, 468
28, 400

3,799
8,945

-63.7
-68.5

1919
1919

+8.2
+3.8

-62.1
-67.7

2,280
1,513

2,457
1,201

2,860
1,293

3,850
703

15, 258
3,274

10, 230
5,563

-33.0
+69.9

1919
1919

69
118

80
127

+16.4
+7.7

-25.7
+83.9

223, 650
1,456

231, 914
1,817

216, 954
1,953

208, 601
1,629

1921
1921

103
120

96
129

-6.5
+7.5

+4.0
+19.9

0.0

-6.2

-i.r

126

151

151

161

1921

2.1

1.8

1.9

1.9

1921

178, 402
618, 425
178
797, 005

185,907
219, 283
215,715
732, 120
809,517
803, 384
114
129
143
918, 141 1,028,929 1,019,242

213, 613
705, 346
112
919,071

805, 372
2,814,976
424
3, 620, 772

799, 307
2,963,446
564
3,763,317

-0.8
+5.3
+33.0
+3.9

844, 304
47, 477

940,796 1,055,816 1,056,354
22,769
37,255
27,016

943,717
24, 758

3, 692, 660
72, 312

3, 897, 270
134, 517

+5.5
+86.0

537,504
147,441
68,969
753,914

558,754
177,666
36,728
773, 148

668, 447
193, 604
40,822
902,874

651,735
196, 895
66,428
915,059

580, 949
158,557
44,269
783, 775

2, 213, 253
638,767
113, 857
2, 965, 876

2,416,440
715, 606
212, 947
3, 344, 995

+9.2
+12.0
+87.0
+12.8

1913
1913
1913
1913

116,835
36,550
4,171
157,556

116,975
32,901
3,125
153,000

128,544
37,022
9,173
174,738

128,710
33,829
5,124
167,663

113,205
29,235
2,545
144,985

438, 834
122, 116
9,533
570, 483

491,064
140, 302
21, 593
652,957

+11.9
+14.9

1913
1913
1913
1913

330
343

330
314

351

337

8,349

8,606

8,673

8,755

7,936

1923

117

118

+0.9

+10.3

3,377
1,456
1,921

3,410
1,460
1,950

3,449
1,474
1,975

3,496
1,483
2,013

3,049
1,382
1,666

1923
1923
1923

128
117
138

130
118
141

+1.4
+0.6
+1.9

+14.7
+7.3
+20.8

3,547
1,082
1,922
441
102

3,561
1,078
1,927
454
102

3,583
1,067
1,939
474
102

3,595
1,061
1,946
486
103

3,388
1,138
1,813
345
92

1923
1923
1923
1923
1923

108
88
111
169
133

108
87
111
173
133

+0.3 +6.1
-0.6 -6.S
+0.4 +7.3
+2.5 +40.9
+1.0 +12.0

1,027
599

1,032
602

1,039
603

1,048
615

981
519

1923
1923

112
131

113
134

+0.9
+2.0

Sales of ordinary life insurance (81 companies) :
United States total
thous of dolls
559,916
Eastern manuf. district
thous. of dolls.. 238, 217
Western manuf. district
thous. of dolls.. 120,740
Western agri. district
..thous. of dolls.. 81, 576
Southern district
thous of dolls
62,662
Far western district
thous. of dolls. . 56,721

611, 480
259,837
131, 410
92,431
72,367
55, 435

702,994
284,997
152, 821
111, 129
85, Oil
69,036

711,504
293, 164
148, 131
114,682
86, 460
69,067

662, 591
274, 522
142,996
98, 652
81, 478
64,943

+7.1
+6.0
+5.3
+13.6
+7.0
+6.0

1921
1921
1921
1921
1921
1921

165
185
170
137
149
163

167
190
164
141
151
163

+7.4
+1.2
+2.9 +6.8
-3.1 +3. ft
+3.2 +16.2
+1.7 +6.1
0.0 +6.4

+5,6

0.0

BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents')
Policies, new (45 companies) :
Ordinary
.number of policies..
Industrial
number of policies. .
Group
number of contracts ..
Total ..number of policies and contracts..
Policies and certificates issued:
Total policies and certificates
number ..
Group insurance certincates--.eertiflcates.Amount of new insurance (45 companies) :
Ordinary
-thous. of dolls. .
Industrial
thous. of dolls..
Group
thous. of dolls..
Total insurance
thous. of dolls. .
Premium collections (45 companies) :
Ordinary
thous. of dolls..
Industrial
thous. of dolls..
Group
thous. of dolls..
Total
thous. of dolls. .
Admitted life insurance assets (41 companies):
Grand total
mills, of doUs..
Mortgage loansTotal
mills, of dolls..
Farm.__
mills, of dolls..
All other....
mills, of dolls.Bonds and stocks (book values) :
Total
mills, of dolls .Government
mills, of dolls..
Railroad
mills, of dolls..
Public utilities
mills, of dolls ..
All others
mills, of dolls..
Policy loans and premium
notes
mills, of dolls.Other admitted assets
mills, of dolls.-

+14.5

1913
1913
1913
1913

274 270
213 211
2580 2860
224 222

-1.6
-0.8
+10.9
-0.5

+1.0
+13.9
+27.7
+10. &

+0.1 +11.9
+37.9 +50.5
466 454
373 379
2351 2216
458 464

-2.5
+1.7
+62.7
+1.3

+12.2
+24.2
+50.1
+16.8

+0.1 +13.7
-8.6 +15.7
-44.1 +101. 3
-4.0 +15.5

+6.8
+18.5

(Life Insurance Sales Research Bureau)
2,415,290 2,585,894
1,015,442 1,076,215
553, 102
525, 399
351,973
399,818
286,388
306, 500
250, 259
236, 088

Banking
Debits to individual accounts:
New York City
mills, of dolls..
Outside New York City.... mills, of dolls..
Bank clearings:
New York City......
mills, of dolls..
Outside New York City.. ..mills, of dolls..
Federal reserve banks:
Bills discounted
mills, of dolls..
Notes in circulation
mills, of dolls..
Total investments
mills, of dolls..
Total reserves
mills, of dolls..
Total deposits
mills, of dolls..
Reserve ratio
percent..
Federal reserve member banks (leading cities):
Total loans and discounts... mills .of dolls..
Total investments
mills, of dolls..
Net demand deposits
mills, of dolls..




fl
27, 682
22, 277

22,924
18,571

26,382
21, 219

23,945
20, 592

20,654
18, 656

84,200
74, 744

100,933
82, 659

+19.9
+10.6

1919
1919

130
121

118
117

-9.2
-3.0

26, 721
18, 525

21,057
15, 672

23,349
17, 759

22,849
17, 717

20, 326
16, 052

78, 785
63,905

93, 976
69, 673

+19.3
+9.0

1913
1913

296
309

290
308

-2.1 +12.4
-0.2 +10.4

274
1,684
715
3,083
2,265
78.0

434
1,729
696
3,030
2,270
75.8

378
1,709
663
3,008
2,184
77.3

400
1,684
628
2,993
2,187
77.3

447
1,926
426
3,223
2,005
82.0

1919
1919
1919
1919
1919
1919

20
65
112
137
113
154

21
64
106
137
113
154

+5.8 -10.5
-1.5 -12.fr
-5.3 +47.4
-0.5 -7.1
+0.1 +9.1
0.0
-5.7

13, 051
5,488
13, 014

13, 143
5,396
12, 932

13, 140
5,478
12, 588

13, 232
5,484
12,814

12, 121
4,535
11.439

1921
1921
1919

110
163
119

111
163
121

+0.7 +9.2
+0.1 +20.9
4-1.8 4-12.0

:::::::::::

+15.9
+10.4

46

TREND OF BUSINESS MOVEMENTS—Continued
Per ct.
increase
(+)
or deTOTAL
crease

NUMERICAL DATA
In many cases May figures are now
available and may be found in the
special table on page 23

1925
January February March

BANKING AND FINANCE-Continued
Banking— Continued
Interest rates:
New York callfl loans
per cent..

3.63
3.63
OcyniTTiproial P P6r 4-0 rnns
per cent
Savings deposits, by Federal reserve districts
(balance to credit of depositors):
Total 846 banks
thous. of dolls..7,352,486
Boston, 64 banks
thous. of dolls 1, 295, 931
New York, 30 banks.. -thous. of dolls.. 2, 058, 549
Philadelphia, 78 banks .thous. of dolls.. 518,203
Cleveland, 18 banks thous. of dolls.. 506, 884
Eichmond, 91 banks... thous. of dolls.. 330, 002
Atlanta, 96 banks
thous. of dolls.. 231, 278
Chicago, 209 banks
thous. of dolls.. 924,912
St. Louis. 32 banks
thous. of dolls.. 157,486
Minneapolis, 15 banks..thous. of dolls.. 95, 908
Kansas City, 56 banks .thous. of dolls.. 106, 855
Dallas, 85 banks
thous. of dolls.. 68,434
S. Francisco, 72 banks, .thous. of dolls.. 1, 058, 044
U. S. Postal Savings
thous. of dolls.. 133, 472
New York State Savings
banks
thous of dolls 3,409,097
Public Finance
Government debt:
20, 789
Interest-bearing
mills, of dolls
Total gross debt..
mills, of dolls.. 21, 057
7,122
Short-term debt
mills, of dolls
46, 968
Customs receipts
thous of dolls
Total ordinary receipts..
thous. of dolls.. 171, 600
Expenditures chargeable to
ordinary receipts.. _
thous. of dolls.. 292, 457
Money in circulation:
4,752
Total
mills, of dolls
41.86
Per capita.
. .
. .dollars .
Business Failures
Liabilities:
54, 354
Total commercial
thous. of dolls
Manufacturing
establishments
thous. of dolls.. 11,909
Trade establishments
thous. of dolls.. 24, 655
Agents and brokers
thous. of dolls.. 17,790
Firms:
2,317
Total commercial _ .
.. number .
480
Manufacturing establishments. ..number..
1,757
Trade establishments
number..
80
Agents and brokers
number. .
Dividend and Interest Payments

April,
1924
April

CUMULATIVE
FROM JANUARY 1
THROUGH LATEST
MONTH

1924

1925
from
1924

BASE
YEAR
OR
PERIOD

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925

April,
April 1925,
from
from
March April,
1924

Mar. Apr.

1925

3.81
3.66

4.00
3.94

4.00
3.97

4.44
4.63

1913
1913

122
71

122
72

0.0
+0.8

-9.9
-14.3

7,429,237
1, 302, 424
2,063,855
520,032
509,621
334,662
234,754
932,382
157,483
96,384
107,868
70,066
1, 099, 706
134,033

7,468,662
1, 310, 807
2, 083, 503
521, 786
512,388
336,269
235, 180
933,809
151, 264
97,845
108, 842
71,336
1, 099, 633
133,892

7,462,832
1,310,804
2,077,949
521,363
512, 129
344, 629
238,246
930, 626
158, 549
97, 340
107, 146
72, 118
1, 091, 933
133, 189

6,988,843
1,247,828
1,941,969
487,634
465,639
308,941
228,250
900,802
137, 545
92, 967
108,918
65, 818
1, 002,*532
132, 565

1920
1920
1920
1920
1920
1920
1920
1920
1920
1920
1920
1920
1920
1913

137
126
136
134
148
149
139
124
174
136
134
159
157
337

137
126
136
134
148
153
141
124
175
136
132
161
156
335

-0.1
0.0
-0.3
-0.1
-0.1
+2.5
+1.3
-0.3
+4.8
-0.5
-1.6
+1.1
-0.7
-0.5

+6.8
+5.0
+7.0
+6.9
+10.0
+11. 6
+4.4
+3.3
+15.3
+4.7
-1.6
+9.6
+8.9
+0.5

3, 417, 732 3, 462, 469 3, 468, 903 3, 210, 507

1913

201

201

+0.2

+8.0

82 82
82 82
83 83
203 168
996 303

0.0
-0.1
0.0
-17.1
-69.6

-3.5
-3.2
-20.1
-2.3
-14.8

20,658
20,981
6,992
46, 190
173, 632

20, 608
20, 932
6,651
53,858
600, 738

20, 605
20, 913
6,649
44, 642
182, 641

21, 354
21, 615
8,325
45, 696
214, 306

187, 381
1, 250, 608

191, 658
1, 128, 611

+2.3
-9.8

1919
1919
1919
1913
1913

161, 286

385, 129

324, 679

327, 002

1, 087, 225

1, 163, 551

+7.0

1913

637

537

-15.7

-0.7

4,804
42.28

4,776
41.99

4, 725
41.50

4,760
42.33

1919
1919

100
93

99
92

-1.1
-1.2

-0.7
-2.0

40,123

34, 005

37, 189

48, 904

233, 770

165, 671

-29.1

1913

149

163

+9.4

-24.0

15,334
21,067
3,722

13, 375
17, 595
3,035

13,097
21,536
2,556

23, 137
18, 719
7,049

141, 328
75,082
17,359

53, 715
84,853
27, 103

-62.0
+13.0
+56.1

1913
1913
1913

129
184
106

126
225
89

-2.1
+22.4
-15.8

-43.4
+15.0
-63.7

1,793
409
1,285
99

1,859
429
1,345
85

1,939
430
1,427
82

1,707
438
1,178
91

7,362
1,825
5,120
317

7,908
1,748
5,814
346

+7.4
-4.2
+13.6
+9.1

1913
1913
1913
1913

139
122
145
157

145
122
154
152

+4.3
+0.2
+6.1
-3.5

+13.6
-1.8
+21.1
-9.9

201,000

333, 350

404,700

328, 225

222

-18.9

+3.7

79,300
43,100
29,075
7,125

87,950
51,875
31,250
4,825

94,450
59,950
25, 025
9,475

59, 725
29,600
24,075
6,050

56,475
27,975
23,100
5,400

413,404
95,193

450, 171
53,382

282,355
70,251

411,441
71, 134

249,902
25,804

1,009,695
102, 410

70,401
438, 197

102, 701
400,852

80,278
272,328

141,469
341, 106

52, 705
223,001

234,548
877, 558

473, 272

383,645

324,254

355, 580

265,954

ill, 127
53,375
777, 712

79,848
57,620
431,200

108,050
90,658
806,402

92, 693
19, 137
886, 592

132, 957
78, 733
528, 857

11,969
935,330

13,458
944, 995

14, 185
954, 265

12, 112
962, 662

9,945
454, 393

11,805
464,874

16, 787
477,082

37, 158

35,283

1,075

1,075

6,895
63,258

5,050
61,034

( For the following month)

Grand total
thous. of dolls..
Dividend payments:
Total
. thous. of dolls
Indus, and misc. corp
thous. of dolls..
Steam railroads
thous. of dolls..
Street railways
thous. of dolls..
New Capital Issues
Total corporation ( Commercial and
Financial Chronicle):
Purchase of issueNew capital
thous. of dolls..
Refunding
thous. of dolls
Kind of issueStocks
thous. of dolls..
Bonds and notes.
thous. of dolls..
Total corporation (Journal of
Commerce)
. thous. of dolls
States and municipalities:
Permanent loans
thous. of dolls
Temporary loans .
..thous. of dolls
New incorporations
thous. of dolls
Agricultural Loans
By Federal farm loan banks:
Loans closed
thous. of dolls __
Balance outstanding
thous. of dolls..
By joint-stock land banks:
Loans closed
_
thous. of dolls.
Balance outstanding
thous. of dolls
By War Finance Corporation:
With banks and livestock loan companiesBalance outstanding. . .thous. of dolls..
With cooperative market associationsBalance outstanding — thous. of dolls..
By Federal intermediate credit banks:
Direct loans and rediscounts—
Closed...
thous. of dolls..
Balance outstanding. ., thous. of dolls. _



316,475 " 1,628,575 » 1,722,355

+5.8

1913

273

i< 461, 274 " 480, 005
"240,395 » 248, 940
" 131, 295 " 136, 595
" 41,000 » 44, 300

+4.1
+3.6
+4.0
+8.0

1913
1913
1913
1913

135 86
156 77
101 97
193 123

-36.8 +5.8
-50.6
+5.8
-3.8 +4.2
-36.1 +12.0

1,557,371 +54.2
289,960 +183.1

1920
1920

125 182
329 333

+45.7 +64.6
+1.3 +175. 7

394,849
1,452,483

+68.3
+65.5

1920
1920

90
172

158
216

+76.2 +168.4
+25.3 +53.0

1,029,077

1, 536, 751

+49.3

1913

236

259

+9.7

+33.7

424,031
272, 238
2, 877, 535

401, 718
220,790
2, 901, 906

-5.3
-18.9
+0.8

1913
1913
1913

317
225
468

272
48
515

-14.2
-78.9
+9.9

-30.3
-75.7
+67.6

16, 740
861,005

71, 216

51, 724

-27.4

1919

122

104

-14.6
+0.9

-27.6
+11.8

12,087
486, 247

6,554
411, 980

26,414

50,624

+91.7

1919

388

280

-28.0
+1.9

+84.4
+18.0

33,316

31, 219

64,930

1922

20

19

-6.3

-51.9

975

938

1,523

1922

14

13

-3.8

-38.4

9,041
59,095

13,940
59, 249

13, 103
47, 865

+54.2
+0.3

+6.4
+23.8

47

TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA
In

many cases May figures are now
available and may be found in the
special table on page 23

1925

January February

March

April

April,
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

1924

Per ct.
increase
(+)
or decrease
(-)
1925
from
1924

BASE
YEAR
OR
PERIOD

1925

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925

April,
April 1925,
from from
Mar. Apr. March April,
1924

BANKING AND FINANCE— Continued
Stocks and Bonds
Stock prices, closing:
25 industrials, average
dolls, per share.. 135.38
79.97
25 railroads, average
dolls, per share..
105.06
103 stocks, average. .
dolls, per share
Stock sales:
N. Y. Stock Exchange
thous. of shares.. 46, 739
Bond sales:
303,825
Miscellaneous
. _
thous. of dolls
Liberty- Victory
thous. of dolls. _ 48,638
352,463
Total
thous. of dolls
Bond prices:
85.82
Highest-grade rails..p. ct. of par, 4% bond..
75.12
Second-grade rails.. p. ct. of par, 4% bond..
70.63
Public utility
p. ct. of par, 4% bond..
74.61
Industrial
p. ct. of par, 4% bond..
76.07
Comb, price index-_p. ct. of par, 4% bond..
5 Liberty bonds
p. ct. of par.. 102. 21
16 foreign governments and
city
p. ct. of par.. 103.24
96.94
Comb, price index, 66 bonds-.p. ct. of par..
4.16
Municipal bond yield
per cent..
Gold and Silver
Gold:
Domestic receipts at mint fine ounces..
Rand output
_ thous. of ounces
Imports _
thous. of dolls
Exports
thous. of dolls..
Silver:
Production
thous. of fine ozs
Imports
thous. of dolls
Exports
thous. of dolls
Price at New York
dolls, per fine oz__
Price at London pence per standard oz._

138.48
80.90
105.64

136.96
79.07
99.78

135.40
76.28
101.90

106.71
62.09
81.00

1913
1921

235
95
118

1913

233
92
120

-1.1 +26.9
-3.5 +22.9
+2.1 +25.8

32,750

38,568

18,314

17,792

84,397

136,371

+61.6

1913

557

265

-52.6

280,237
26,691
306,928

281,732
33,316
315,048

247,768
30,283
278,051

185,466
93,101
278, 567

822,806
310, 791
1,133,597

1, 113, 562
138,928
1,252,490

+35.3
-55.3
+10.5

1919
1919
1919

395
14
102

347
13
90

-12.1 +33.6
-9.1 -67.5
-11.7
-0.2

86.37
76.00
71.26
75.16
76.82
102.11

86.98
75.50
70.03
74.90
76.38
102.03

87.66
75.90
69.59
75.05
76.51
102.62

83.58
69.52
67.53
72.03
72.67
100.36

1915
1915
1915
1915
1915
1921

97
100
95
106
100
109

98
100
94
106
100
110

+0.8
+0.5
-0.6
+0.2
+0.2
+0.6

+4.9
+9.2
+3.1
+4.2
+5.3
+2.3

103.14
97.23
4.11

102.32
96.76
4.10

102.80
97.39
4.07

99.89
94.25
4.30

1921
1921
1913

111
113
92

111
114
91

+0.5
+0.7
-0.7

+2.9
+3.3
-5.3

87,030
824
5,038
73,526

80,294
754
3,603
50,600

75,584
825
7,337
25,104

83,488
788
8,870
21,604

78,870
769
45,418
1,391

325,232
3,122
159,987
2,994

326,396
3,191
24,848
170, 834

+0.4
+2.2
-84.5

1913
1913
1913
1913

51
113
138
328

56
107
167
282

+10.5
-4.5
+20.9
-13.9

+5.9
+2.5
-80.5

5,509
7,339
11,385
.684
32. 197

5,077
4,929
6,833
.685
32.245

4,931
6,661
7,917
.678
31. 935

5,125
4,945
9,323
.669
31. 372

4,726
3,908
7,802
.641
33. 065

20,837
24,009
33,243

20,642
23,874
35,458

-0.9
-0.6
+6.7

1913
1913
1913
1913
1913

89
223
151
113
116

92
165
178
112
114

+3.9
-25.8
+17.8
-1.3
-1.8

+8.4
+26.5
+19.5
+4.4
-5.1

4.78
.054
.042
.051
.404
.270
.193

4.77
.053
.041
.051
.402
.270
.193

4.78
.052
.041
.051
.399
.270
.193

4.80
.052
.041
.051
.400
.269
.193

4.35
.062
.044
.052
.372
.264
.176

Par
Par
Par
Par
Par
Par
Par

98 99
27 27
21 21
26 26
99 100
101 100
100 100

+0.4
0.0
0.0
0.0
+0.3
-0.4
0.0

+10.3
-16.1
-6.8
-1.9
+7.5
+1.9
+9.7

.385
.357

.391
.357

.410
.357

.418
.356

.409
.304

Par
Par

82
73

84
73

+2.0
-0.3

+2.2
+17.1

.997
.911
.117
.114

.999
.903
.113
.108

.999
.897
.110
.111

- .999
.869
.106
.112

.981
.748
.112
.105

Par
Par
Par
Par
Par

100
93
34
57
63

100
90
33
57
63

0.0 +1.8
-3.1 +16.2
-3.6
-5.4
+0.9 +6.7
0.0

346, 184

333, 720

385,488

348, 698

324, 291

1, 272, 602

1,414,090

+11.1

1913

258

233

-9.5

+7.5

102,806
13,924
11,402
8,463
35, 178

100,968
14,880
12,077
8,262
33,893

112,097
14, 153
13,080
9,512
40,151

98,006
11,816
11,506
9,986
31, 377

83,868
12,708
9,525
7,198
28,893

355,797
50,288
42,960
24,171
122,691

413,877
54,773
48,065
36,223
140,599

+16.3
+8.9
+11.9
+49.9
+14.6

1913
1913
1913
1913
1913

156 136
122 102
85 75
206 217
177 138

-12.6
-16.5
-12.0
+5.0
-21.9

+16.9
-7.0
+20.8
+38.7
+8.6

77,546
32,950

83,219
33,651

91,297
34, 444

93,352
33,120

94, 363
33, 174

382, 129
133,697

345, 414
134,165

-9.6
+0.4

1913
1913

281 287
291 280

+2.3
-3,8

-1.1
-0.2

42, 253
6,523

44,053
10, 212

58, 451
8,584

46, 661
11, 353

34,525
7,444

153,823
28,910

191, 418
36,672

+24.4
+26.8

1913
1913

354 282
403 533

-20.2 +35.2
+32,3 +52.5

112, 928
33,284
10, 651

91,072
23,181
13,044

113, 397
28,291
10, 245

100, 574
23, 891
10, 105

104, 502
24,728
7,033

346, 214
101, 781
35,988

417,971
108, 647
44,045

+20.7
+6.7
+22.4

1913
1913
1913

430 382
343 290
518 511

-11.3 -3.8
-15.6
-3.4
-1.4 +43.7

147, 597

128,603

142, 211

140,540

110,589

435,364

558, 951

+28.4

1913

282

279

-1.2

+27.1

38, 066
32, 336
63, 104
62. 313
2.268

36, 778
39, 776
63, 649
62, 848
2.066

50, 157
46, 848
75, 943
67, 913
2.415

36, 591
48, 426
59, 824
62, 305
1.012

35,286
58,629
54, 529
64,069
1.189

132, 855
222, 867
235, 381
238,453
7.682

161, 592
167, 386
262, 520
255,379
7.7fil

+21.6
-24.9
+11.5
+7.1
-1-1. 0

1913
1913
1913
1913
1913

272
284
268
197
196

199
293
211
181
82

-27.0
+3.4
-21.2
-8.3
—58 1

+3.7
-17.4
+9.7
-2.8
— 14 9

+2.9

FOREIGN EXCHANGE BATES
Europe:
England
dolls, per £ sterling. .
France
-dolls, per franc..
Italy
dolls*, per lire..
Belgium
dolls, per franc..
Netherlands
dolls, per guilder..
Sweden.
dolls, per krone..
Switzerland
dolls, per franc. .
Asia:
Japan
dolls, per yen-India
dolls, per rupee-Americas:
Canada
.dolls, per Canadian doll..
Argentine
dolls, per gold peso..
Brazil
dolls, per milreis..
Chile
dolls, per paper peso
General index foreign exch
index number
XI. S. FOBEIGN TBADE
Imports
Grand total
thous. of dolls..
By grand divisions:
Europe—Total
thous of dolls
France
thous. of dolls
Germany
thous. of dolls
Italy
thous of dolls
United Kingdom
_. thous. of dolls..
North America—
Total
thous. of dolls..
Canada
thous. of dolls..
South AmericaTotal
thous. of dolls..
Argentina.
thous. of dolls. .
Asia and Oceania—
Total
thous. of dolls
Japan
thous. of dolls._
Africa, total
thous. of dolls..
By class of commodities:
Crude materials
thous. of dolls
Foodstuffs, crude, and food
animals
thous. of dolls..
Manufactured foodstuffs
thous of dolls..
Semimanufactures. ._
thous. of dolls
Finished manufactures
thous. of dolls..
Miscellaneous
_
thous. of dolls. .




48

TREND OF BUSINESS MOVEMENTS—Continued
Per ct.

NUMERICAL DATA

In many cases May figures are now
available and may be found in the

1925

special table on page 23

January February

March

April,
1924

increase
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH LATEST
MONTH

April

1924

(+)
or de-

BASE
YEAR

1924
from
1923

PERIOD

crease

OR

RELATIVE
NUMBERS

Per cent
increase (+)
or decrease (— )

1925

April,
April 1925,
from
from
March April,
1924

Mar. Apr.

1925

U. S. FOREIGN TRADE— Continued
Exports
Grand total, including reexports
.thous. of dolls.By grand divisions:
EuropeTotal.
_.
thous. of dolls..
France
._
tbous. of dolls..
Germany . .
thous. of dolls ..
Italy
thous. of dolls..
United Kingdom
thous. of dolls. .
North AmericaTotal
thous of dolls _.
Canada
thous. of dolls _
South AmericaTotal.thous. of dolls..
Argentina
thous. of dolls..
Asia and OceaniaTotal .
thous. of dolls .Japan
thous. of dolls
Africa, total
; thous. of dolls _ _
Total, domestic exports only.. .thous. of dolls..
By classes of commodities:
Crude materials
thous. of dolls. .
Foodstuffs, crude, and food
animals.
thous. of dolls..
Manufactured foodstuffs. ..thous. of dolls. .
Semimanufactures
thous. of dolls. .
Finished manufactures
-thous. of dolls..
Miscellaneous
thous. of dolls..
Agricultural exports (quantities) :*
All commodities
index numbers. .
All commodities except:*
cotton
index numbers

446, 577

370, 740

453, 434

399, 048

346, 936

1, 447, 645

1, 669, 799

+15. 3

1913

219

193

-12.0

+15.0

269, 415
29, 210
49,615
22, 668
113, 136

222, 262
22, 855
43, 785
23, 061
85, 757

251, 823
25,690
51,386
26, 063
84,999

208, 080
22, 017
32, 995
19, 171
73, 148

180, 279
19,915
• 32,874
15, 226
65, 712

753, 045
84, 935
158, 985
61, 100
281, 734

951, 580
99, 772
177, 781
90, 963
357, 040

+26.4
+17. 5
+11.8
+48.9
+26.7

1913
1913
1913
1913
1913

202
200
175
398
173

167
172
113
292
149

-17.4
-14.3
-35. 8
-26.4
-13.9

+15.4
+10.6
+0.4
+25.9
+11.3

77, 948
37, 063

75, 125
39, 122

100, 297
51, 179

92, 723
49, 315

84,782
48, 325

322, 899
183, 320

346, 093
176, 679

+7.2
-3.6

1913
1913

200
152

185
147

-7.6
-3.6

+9.4
+2.0

31, 745
12,893

25, 463
9,939

33, 548
12, 212

35, 899
12, 242

25, 206
8,903

96, 750
34, 885

126, 655
47, 286

+30.9
+35.5

1913
1913

275
267

294
267

+7.0
+0.2

+42.4
+37.5

60, 885
27,875
6,584
440, 438

57, 742
15, 803
5,330
364, 835

58, 961
21, 388
8,805
445, 538

56, 667
Ml 751
^ 679
391, 594

49,288
13, 953
7,381
335, 734

235, 516
104, 056
24, 252
1, 414, 657

234, 255
77, 817
28, 398
1, 642, 400

-0.5
-25.2
+17.1
+16.1

1913
1913
1913
1913

340
411
365
218

327
245
318
192

-3.9
-40.4
-12.8
-12.1

+15.0
-8.6
+4.0
+16.6

168, 194

128, 697

121, 690

83, 908

80, 719

412, 887

502, 489

+21.7

1913

190

131

-31.0

25, 873
54, 044
58, 271
133, 059
997

23, 554
46,277
47, 777
117, 894
636

31, 102
55, 597
64,543
171, 553
1,048

36, 192
39, 386
60, 704
170, 875
529

13, 336
42, 693
50,986
147, 546
454

56, 047
204, 115
206,007
532, 689
2,412

116, 721 +108. 3
195, 304
-4.3
231, 295 +12.3
593, 381 +11.4
3,210 +33.1

1913
1913
1913
1913
1913

220
206
195
263
155

256
146
184
262
78

+16.4 +171.4
-29.2
-7.7
-5.9 +19.1
-0.4 +15.8
-49.5 +16.5

"09-14

123

94

-23.6

"09-14

150

131

— 12 7

1913
1913

151
305

106
193

-30. 2
-36. 7

-1.8
+22.6

1913
1913
1913

367
22
53

80
7
59

-78.1
-66.2
+12.0

-15.6
-87.1
-18.6

+4.6

CANADIAN TRADE AND INDUSTRY
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
Business failures:
Liabilities
tbous. of dolls..
Firms
thous. of dolls .
Bond issues:
Govt. and provincial
thous. of dolls..
Municipal
thous. of dolls
••Corporation
thous of dolls
Newsprint paper:
Production
short tons .
Shipments
_
short tons..
Stocks
_
short tons..
Exports (total printing)
short tons
Building contracts awarded
thous. of dolls..




58, 376
75, 999

61, 430
71,164

84,638
95,888

59, 105
60,709

60, 173
49, 518

274, 929
281,820

10, 525
3,581
6,103

4,777
3,798
4,146

6,446
2,826
4,423

1,411
954
4,953

1,671
510
6,085

19, 375
5,217
43, 623

28
27
1,364

30
37
1,069

64
108
1,151

60
88
1,229

84
104
1,215

285
311
4,932

182
260
4,813

-36.1
-16.4
-2.4

1913
1913
1913

76
124
149

71
101
159

-6.2
-18.5
+6.8

-28.6
-15.4
+1.2

5,058
284

2,602
185

3,392
199

2,049
145

2,710
177

21, 303
920

13, 101
813

-38.5
-11.6

1913
1913

244
131

148
95

-39.6
-27. 1

-24.4
-18.1

4,000
5,484
35, 460

39,406
2,601
36, 175

4,588
14, 560

29,240
4,080
7,045

14,000
9,259
1,200

32,800
38, 457
69,981

72,646 +121. 5
16, 753 -56.4
93,240 +33.2

1913
1913
1913

48
236

661
42
114

+108. 9
-11.1 -55.9
-51.6 +487. 1

121, 420
122, 049
20, 989
104, 654
8,935

115, 624
116, 595
20, 114
103, 857
11,048

126, 267
124, 426
21, 892
144, 411
13, 393

128, 911
124, 903
25,832
93, 882
24, 887

116, 283
114, 647
20, 978
80, 872
30, 199

452, 322
445, 738

492, 222
487, 973

+8.8
+9.5

401, 784
69, 570

446,804
57, 263

+11.2
-17.7

1919
1919
1919
1919
1913

188
183
174
262
42

192
184
205
170
78

+2.1
+0.4
+18.0
-35.0
+85.8

* See text on page 29.

263, 549
303, 760

-4.1
+7.8

23, 159 +19.5
11, 159 +113.9
19, 625 -55.0

+10.9
+8.9
+23.1
+16.1
-17.6

Period July, 1909-June, 1914, inclusive.

ADDITIONAL COPIES
OF THIS PUBLICATION MAY BE PROCURED FROM
THE SUPERINTENDENT OF DOCUMENTS
GOVERNMENT PRINTING OFFICE
WASHINGTON, D. C.
AT

10 CENTS PER COPY
SUBSCRIPTION PRICE, $1.50 PER YEAR

V

WASHINGTON : GOVERNMENT PRINTING OFFICE I 1925

PUBLICATIONS OF THE DEPABTMENT OF COMMERCE
Recent publications of the Department of Commerce fcaHng the Blost direc| Interest to jraadera of the Stf;fcvBT OF
BtrsiNBss ar$ listed below. A complete HsViaay be obtained by jadd^rtsssing the Division of PubHuntions, Departtnerit of Coininerce,
at WasWngtofc. Copies of the publications may be purchased from the Superintendent of Documents,, Government Printing
Office, Washington, at rthe prices stated. If fc$ price is mentioned, $ie publication i$ distributed fr^e.

BUREAU OF THE CENSUS
(For circulars giving plan of publication and distribution of census publications,
< - ',
addriesstliel>ire(;toroftneCeiisti$> % v r : —

Mortality Statistics, 1922.—656 pages, 7 illustrations, price
$1$0, l&te Report presents naorj&lfty statistics for t&e;death
registration iM^of th<* United Btates for the yea* 1922* Data
are presented by States, color^ age, and causes of death, t
Crossties and Poles Purchased and Preserved.—11 pages,
price &e. Tijis report contains statistics ^f purchases of eross*
ties and pol£s ,for $he calendar yearr 1923, and forips a part of
.the forest productsjs$tie$ eompfl^ln epoperaiioit with tfie
Forest ^Service of; the Department of Agriculture.
\v T
! Central x
Electric Light and Fewer Stations, 1922.—174 pages,
price ,25c» iE^il&4s bne .of/tBe quinQuennial census reports (B0ii*
cerning ;electrical industries and presents, for 1922, information1
relating to^ eoininercial or municipal ^pitbli^-s^vice jplaiite^^n^
gaged in the generation and Distribution of electnc current;
i of ^ur^ent ^enera&d by^j^aHtsjjli^fe
Paupers in Almshouses, 1^3t—$0 pages, 2 teti
IHiistratfcms,
t»icfe 100.^ >11iis-|tp0rtvifir^a part df 4hedee«i ,
„ _
concerning institutional population and relates not only to
patip^^at/*£we; Inmates in almshouses on a given date b^it
also to thv>se admitted, transferred to othw' institutions, or

$flRO&
,

s

-

:r

N *t*

-'

' '

^

' ~- ' ' •

*i

",'-'.*

'

'-'

Monthly Su mary of Foreign Commerce of the United
States, April/lVX Parfs I ^nd It P^rt Iw&ftui &*tim<$
of escports 0f doa stic merchandise and imports by articles for
^pril, 1024 tod |v:^5, and fo> tie 10 m^itlis end^ft Apffl, 1^24
.and 1925. Part 1 contains summaries of export and import
tradej monthly avi \ge import and export prices; statistics of
trade in cotton an<i i >ol; tonnage of vessels entered ancTcleared;
commerce with Ala& ^, ;Porto Kieo, and Hawaii. ; J^rlce for
single numberi Part ^ lOcj Part II, 5 c. fAxmual subscription,
including Parts I and *£L f 1.25.
,
Index to Gommerce Keports/ for Nos. 1 to 13, volume 1
., {January to ifa^ohS> 1^5,
Trade in Philippine Copra and Coconut Oil, by E. D. Gothwaite. *£&$& IWttM^>n Series No, ijf 120 pages. Hie re^
'pf tfee eo^ra and coconut-oil industry
>
v
The Merchandise Warehouse in Distribution, by A.
Cricher. Trade promotion Series No. 15; 33 pages. In this
presented a study of the services and best practices
e of Jnternational Payments of the United States, in
,
Trade Information ptittdpb^ No* B4$; ^S*. 1^8^! This is the
third annual study of the balance of international payments of
the Otfted S^^ pri^ iO£
^ ,
;
" Paints, Pigments* and Varnishes in the West Indies, prepared by J. W. Wizeman. Trade Information Bulletin No.
§41- 43 pages. Price, 1CM.
Caribbean Markets for American Goods. HI. Cuba, by
M. J. Meehan. Trade Information Bulletin No. 346; 19
^TorKl T^rfe^ ^He^tr^paraftdBSs $ W**t$*n Europe.
bulletin
ustry to find a
is the first of a series prepared to assist
, wider market for these preparations. Priee,
.. United States Trade With Latin America in 1924, fey J, K.
McKey and H. S. Giusta. Trade Information Bulletin No.
345; 48 pages. This is the sixth annual report on United
States trade with Latin America prepared by the Bureau of
Foreign and Domestic Commerce. Ptie0 J0^«
5
India as a Market for American Goods, prepared by Emmett
.Chapman. Trade Information Bulletin No. 348;

BUREAU Of StANpAEtiS
8. H.
report

es of Concrete Columns, bjr W/ A. Mull and
.„„, TeeMnologic Faper No. 27^j f£ page& The
;he result of practical tests which form part of a




general prd^m;of investigation to provide information of
use in the elimination of economic waste. , Illustrated. Price,
< . ," " ' - *
.. ' " .
' .' - •
"°" . v ^ ^
Malleability and Metallography of Nickel, by P. D. Merica
and|l. 0, .Walieahergi Technologic Paper No. 281) 2S pages.
Ifiustrated.^ Priee^l^*
^ :
; , *
Technology of Cotton Machinery: Part L Calculations
on pickers, by ;A. A. Mercier. Teehnolojgic Paper No. 282;
3Qpa|^s. Dllistrated. JMe^lM.
( •
Effect of Tire Resistance on Fuel Consumption, by % J.
J5olt;4M :fc £. Woraiaey^: tfechnol^c ; Paper No. 288;
14£%es.< lfa^tt-\ $*&»>&. ; .
/
Inks, Typewriter Ribbons, fl»d ^iffJboitN p^pen Second
edition. This circular contains a discussion of the composition :
el ^ew>ds of testing ii|k8/%^wiii% r^bKCMiii, Vaiid carbon '
mi ; C^roiil^Ko* 9^;;ai pages, £lbli^rapliy. *rjce,:10^ ;
United States Government Specifications:
;
,
Rubber-lined fire hose (couplings and gaskets). Circular
ond^dltiQB, Ap|fl4t, 1925.
\ > :
, ;soHd tire$f:;a^d iin^tubeL Circular

f 'dv^

«

-

,
~
•
an
har^e hce. Orcula? No^ 20tf.
r* k€Sreula4 No^ 21^
f
r
;
Medium and light rust-preventive compound. Circular
li
^ ,
No* 2C4. • t , ' - - ""' ' . ^ " . ' / , . * ' /,
Outside white titanium-zinc paint, semipaste and ready
,
mixed. Orpulaaf N6. 21S. , f
/
^^
, >Wtty. Cirmito ^o. 216*
The above are promulgated by the Federal Specifications
Board for use in the purchase of materials for the various
Government departments and agencies. Price, 5^ each, except
'

BUREAU OF FISHERIES
Alaska Fishery and Pur-Seal Industries in 1923, by Ward T.
No* $73 j -04 p*#&. Dltistrat0d< Price,
and Distribution of Food Fishes, by 01en €;
, iojf.

BUREAU^
American Documented Seagoing Merchant Vessels of 500
Gross Tons and Ow,^ May I, i92§. Serial No. fiiti. prfee,
10 cents a copy ; yearly subscription, 75^.
,
•
Radio Service Bulletin, May lt 1925. Serial No. 01 Contains list of new stations, changes in preceding lists, and in*
formation concerning radio regulations, current publications,
and other matters. Single copy, N 5 cents; annual subscription,
'-*
-v
-

AND GEODETIC SURVEt
Catalogue of U. S. Coast and Geodetic Survey Charts, Coast
Pilots, TideJ Tables, and Current Tables, May 1, 1925. Serial
%
Ko.30T*>>r -" ' - -^ * . - , - . /
.-' ^ /

LIGHTHOUSE SERVICE
Skey l»tet : Jgreat Lakes, United S tates, WgS. jfGomcted to
March 15.) The list describes aids to navigation in the tenth,
eleventh, and twelfth lighthouse districts, and Canadian lights.

--

• '' ' • ' ' - • ' -

Same: ItttBi IHslHct, UaltfedS^*^
T^e ^^riiit ^abmces CHpe Bfealopea
eladfeig C3ie^peake Bay and NortlT

*2o^-- / " • / / ' / - " ^ :- .. s. -•> . , ,

-

- *''-'*

.

, Light List: Great Lakes, United States and Canada. (Corrected to March i>) Pirice,

DEPARTMENT OF COMMERCE;
HERBERT HOOVJlR, SBCRB^ABY ,

: BUREAU OF THE CENSUS
Wi M. STETJART, DiBECTOR

,OFCE:NS1IS. WORK
AND SOClAt
(^neml^6ns^(dec€^M91920).

f-

pa^No^km FOEiBSlrEt

, _„_„

(<^ce^niMrlW^)vrr-Humber :of manufacturing
&; character of ta^ankatioa; ^haraeteribi bir^i" ~* —^~ "Tiatoiifaetured; (^pital; iatimber^of

r eouMies, Cities, tod, 3ther . ifidorporaietl plaeeg, wards of
Mties^ ind lainot civil diyislpnsf rac^e? ^exj age; uiarital CO^K
^x»_. oi.x^ vur«-«. of i&Mve popu^tion; Sotmtr^of^thj
i^^aotber^oijgiie^f .fbrej^gh ip^bife^ stoc^k
„ Jni whfte and ^iiaiiye^ 3cjiite"©f fereite or
year ofJ iminlgraj&ioia: i

"v

i number of•» wa^e ^earBerjSi, aggregate amounts jb(f'
"" "wiagesj <i4afitita0s\anS^c0^t of materials; prmei*
•tj

j"*^~^'' "•* * *vr^r~~yT~y^,^' *g~ T"Jr "*~•'^T'9*1 j •Ti'«~«"^"'~'5l^?«-"' **r-'*-'^ •"•*•?' •"*ar'*vV>-**'

> time?in bp^ati<% dwrmg 1^e year; kind apd^^an^fy
Manufactures (biennial, J^^)
-

~&

Manufactures • ^^.^^.\._«£-«»- ^ci.s -fiSt"r-*uJtSiAft or ^^arferte^ ^
(annual, semiannual L i^j-lti—^ dt?J^*_^i..
^-ii^-ii " ^x-j^k%i^
1

paupers; caus
;
teii^^

J

J

<s^>n^tei^' §0feoi^i' ^aj&sfeiiaer^ <iork ,^teo«iiic^fey. paint a&4
: ' .y^aislljf^pharl^ a^a-aai$^cld phosphate in the:^iSfetozefc

r

Mines and Quarried (decennial, j^I^J.the

-

(decennial, M^)
used

dults Vf^f^to^.^4 children j ^
and dis|^n|ai^0^: QiVes; ^0r each ij^feitfpa, ii^nt^r ©f mo|i a- giten day; .Mi^k)!^,: $is^a£i^&x and
^ ^t lumber
en .

in

, and

-

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denomination, number bf dMtreh organizations
res, number of

^*

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i /affected xif ;.
/ "^ ,,1 s

'. ^^j^(^il^|^^ri€i^
;

. -. ;,-> *;, *

&fa^^^

-^

>{\\V^: v^^: ^5TOA$ ^jri^p^;;'"^;^^'^-'?^ :/
'
'
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K : v,:- * "
:

fct.'-'-

, -

<
ii^bkt\$lfl^
of ditches; acreage under irrigacost >ot water used; yle^ ^d value sof
'
"" '
' ' ' '
v

prise;
^f^aty of
tdii;'. ^tf

^d acreage drained; i

COMMERCE, ^

""*'

'^

; Tele-

-Allxi^eta^id^c^'Me,^.' * " ,;,\-:' - \ ^ ' - - ^* v

s*—Publishes
tant current statistics on domestic industrial tod commercial
ciations, private organizations,
ents, Federal, S
y&m tfce bu^&ti Tb$ furnishing their
Statistics of Current Production, Stocks, and Omsump-

Hdfi (iRjW*iO^--ToM tod ^er €jaB|ta ;re©&l|>ts f*oia aUt
'
^ne> total aad J»er ui|>IKa ^fj^tafefe foi* er-!
A




\and o^&ys; lotal

* "

" """ ^ "

^

Consumption, covering v^j
commodities, such as cotton; hides, skins, and leather ; boots
and shoes; clothing; hosiery; wool; tobacco; wheat milling;
7
' x
' '
uennial^ 1922).— Census of ebse
^^lil todjpo^^
1
x
,^, ;^- ;; .-•

Transportation by
V A^^ttriMki^et^eeiu^

Decennial Mq^ilry

'