Full text of Survey of Current Business : June 1925
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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)!^,: $is^a£i^&x and ^ ^t lumber en . in , and - ^iT denomination, number bf dMtreh organizations res, number of ^* Kr« ' ^~ i /affected xif ;. / "^ ,,1 s '. ^^j^(^il^|^^ri€i^ ; . -. ;,-> *;, * &fa^^^ -^ >{\\V^: v^^: ^5TOA$ ^jri^p^;;'"^;^^'^-'?^ :/ ' ' ' 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 '