Full text of Survey of Current Business : June 1926
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UNITED STATES DEPARTMENT OF COMMERCE mi ill WASHINGTON SURVEY OF CURRENT BUSINESS JUNE, 1926 No. 58 11 If.i 'SW,, ' <i COMPILED BY ^ BUREAU OF THE CENSUS BURJBAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS IMPORTANT If OTICE 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 Data" on pages 159-155 of ike February, 1926, issue Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 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 SURVBY, £5.50 t year. Make remittances only to Superintendent of Documents, Washington, D, C., by postal money order, express order, or Hew York draft Currency at sender's risk. Postage stamps or foreign money not accepted. WASHINGTON : GOVERNMENT P.RINTINQ OFFICE ! 1986 I INTRODUCTION THE SURVEY OF CURRENT BUSINESS is designed to present each month a picture of the business situation oy 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 lines sufficient for six months have been left at the bottom of each table enabling those who care to do so to enter new figures as soon as they appear (see issue for February, 1926, No. 54). In the intervening months the more important comparisons only are given in the table entitled " Trend of business movements." ADVANCE SHEETS Realizing that current statistics are highly perishable a,nd that to be of use they must reach the business man at the earliest possible moment, the department has arranged to distribute advance leaflets every week to subscribers in the United States. The leaflets are usually mailed on Tuesdays and give such information as has been received during the preceding w0@k. The information Contained in these leaflets is also reprinted in "Commerce Reports/' issued weekly by the Bureau of Foreign and Domestic Commerce. The mqnthly bulletin is distributed as quickly as it can be completed and printed. BASIC DATA The figures Reported in the accompanying tables are very largely (those already in existence. The chief function of the department is to bring together these data which, if available at all, are scattered in hundreds of different publications. A portion of these data are collected by Government departments, other figures are compiled by technical journals, and still otners are reported by trade associations. RELATIVE NUMBERS To facilitate Comparison between different items and tender the trend of a movement more apparent, relative numbers (often called "index numbers," a term referring more particularly to a special kind of number described below) have been calculated. The relative numbers enable the reader to see at a glance the general upward or downward tendency of a movement which can not so easily be grasped from the actual figures, In computing these relative numbers the last prewar year, 1913, or in some instances a five-year average, 1909^-1913. has been used as a base equal to 100 wherever possible* The relative numbers are computed by allowing the monthly average for the base year or period to equal 100. H 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 base period. 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 number at one month is 120 for a later month it is 144 there has been an increase of 20 per cent. In many instances comparable figures for the prewar years are not available, and in such cases the year 1919 has usually been taken as the base. For some industries 1919 can not be regarded as a proper base, due to extraordinary conditions in the industry, and some more representative period has been chosen. In many cases relative numbers of less importance have been temporarily omitted. Most of the relative numbers appear in a special section of the semiannual issues, as in Tables 107 to 127 of the February, 1926, number, thus allowing easy comparison on a pre-war base for all items for whicn relatives could be computed. INDEX NUMBERS When two or more series of relative numbers are combined by a system of weightings the resulting series is denominated an inde^s: number. The index number, by combining many relative numbers, is designed to show the trend of an entire group of industries or for the country as a whole, instead of for the single commodity or industry which the relative numbet covers. Comparisons with the base year or with other periods are made in the same manner as in the case of relative numbers. •, ' • RATIO CHARTS In many instances the charts used in the SURVEY OF CURRENT BUSINESS are of the type termed ''Ratio Charts" (logarithmic scale), notably the Business Indicator charts on page 2. These charts show the percentage increase and allow direct comparisons between the slope of one curve and that of any other curve regardless of its location on the diagram; that is, a 10 per cent increase in an item is given the same vertical movement whether its curve is near the bottom or,near the top of the chart. The difference between this and the ordinary form of a chart can be made clear by an example. If a certain item, having a relative number of 400 in one month, increases 10 per cent in the following month, its relative number will be 440, and on an ordinary ch&rt would be plotted 40 equidistant scale points higher than the preceding month. Another movement with a relative number of, say, 50 also increases 10 per cent, making its relative number 55* On the ordinary (arithmetic) scale this item would rise only 5 equidistant points, whereas the previous item rose 40 points, yet each showed the same percentage increase. The ratio charts avoid this difficulty and give to each of the two movements exactly the same vertical rise and hence the slopes of the two lines are directly comparable. The ratio charts compare percentage changes, while the arithmetic charts compare absolute changes, This issue presents practically complete data for the month of April and also items covering the early weeks of May, received up to May 24* (See charts and table, pp. 4 and 5.) As most data covering a particular month's bust" ness are not available until from IS to 30 days after the close of the month, a complete picture of that month's operations cannot be presented at an early date, but the advance leaflets give every week the latest data available* UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS COMPILED BY BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF THE CENSUS : BUREAU OF STANDARDS JUNE No. 58 1926 CONTENTS SUMMARIES Preliminary summary for May Course of business in April Monthly business indicators (table and chart) Weekly business indicators (table and chart) Wholesale price comparisons (table and charts) Indexes of business: Condensed summary Text and chart Detailed indexes (production, prices, sales, etc.) Basic steel and related products (charts) Page 1 9 2, 3 4, 5 6, 7, 11 9 10 20 8 NEW DETAILED TABLES Life insurance, new business (revised) Distribution of corn sirup and starch Furniture, Grand Rapids district Cost of living indexes for fuel and light Natural gas gasoline production 23 24 24 24 24 INDEX BY SUBJECTS Text page Textiles 11 Metals and metal products 13 Fuels 14 Automobiles 14 Hides and leather____ 15 Rubber Paper and printing 15 Building construction and housing 15 Lumber products 15 Stone, clay and glass products 16 Chemicals and oils 16 Foodstuffs and tobacco 17 Transportation and public utilities 18 Employment and wages 11 Distribution movement (trade, advertising, etc.)- 18 Banking, finance, and insurance 19 Foreign exchange and trade, gold and silver 19 Canadian trade and industry Table page 25 27 29 30 31 32 32 33 34 36 37 38 42 43 44 45 47 48 PRELIMINARY SUMMARY FOR MAY Reports for the early weeks of May indicate increases in business activity as compared with the same weeks of 1925. Larger production of bituminous coal and beehive coke, larger awards for building construction, greater receipts of wheat and cotton, and a larger distribution of merchandise, as measured by carloadings, were reported during this period compared with the corresponding weeks of 1925. Debits to individual bank accounts, indicative of the dollar volume of trade, were also running larger during the early weeks of May than a year ago. Wholesale prices continued to average lower than a year ago but the early weeks of May recorded an advance over the previous month. Business failures were running smaller in number than a year ago. 99365—26 1 Loans and discounts of Federal reserve member banks were declining in May as compared with last month but were well above last year. Prices of stocks averaged for the third week of May were higher than in the preceding week and a year ago. Call-loan rates for the same week were stronger than in any previous week during the month, being higher also than a year ago. Time money rates showed the same comparison with the previous weeks and a year earlier, while the Federal reserve ratio, averaged for the first three weeks, was higher than in the previous month but lower than a year ago. Loans on stocks and bonds to brokers and dealers, by member banks in New York City, continued to decline. MONTHLY BUSINESS INDICATORS: 1920-1926 [Ratio charts—see explanations on inside front cover. The curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production for the varying number of working days in the month] RELATIVE TO 1913 AS 100 350 1920 1921 1922 1923 1924 1925 1926 RELATIVE TO 1919 AS 100 1920 1921 1922 1923 1924 1925 1926 i i i i BANK DEBITS, 141 CENTERS INTEREST RATES, COMMERCIAL PAPER WHOLESALE TRADE. 6 LINES DEPT, STORE TRADE <359 STORES) I .I FARM PRICES (DEPT OF AGRICULTURE) COTTON CONSUMPTION J7< MANUFACTURING PRODUCTION (64 COMMODITIES) LUMBER PRODUCTION ( 5 SPECIES NET FREIGHT TON-MILES AUTOMOBILE PRODUCTION ( PASSENGER CARS AND TRUCKS FACTORY EMPLOYMENT BUILDING CONTRACTS AWARDED (27 STATES) 1920 1921 1922 1923 1924 1925 1926 1920 1921 1922 1923 1924 1925 1926 200 MONTHLY 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. : 1920 1921 i» 1926 1925 MONTHLY AVERAGE ITEM 1923 1924 1925 Feb. Mar. Apr May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb.Mar. Apr. 1913 monthly average— 100 Production: Pig iron Steel ingots Copper Cement (shipments) __. _. . Anthracite coal Bituminous coal Electric energy (gross revenue sales) Crude petroleum Cotton (consumption) Beef Pork Unfilled orders: United States Steel Corporation Stocks: Crude petroleum' . Cotton (total) Prices:* Wholesale index Retail food „ Retail coal, bituminous Farm products Business finances: Defaulted liabilities.. Price 25 industrial stocks Price 25 railroad stocks. _. .. Banking: Clearings, New York City Clearings, outside Commercial paper interest rate Distribution: Imports (value) „ __. Exports (value).... Sales, mail-order Transportation : Freight, net ton-miles 120 135 99 108 98 119 283 178 105 119 113 54 64 38 107 99 87 312 189 97 113 117 170 90 130 144 120 153 104 118 407 295 117 130 160 101 122 128 164 99 101 434 287 99 133 151 118 146 136 177 68 109 470 304 115 139 128 126 149 134 81 94 98 480 261 118 105 152 139 166 145 139 93 94 457 292 125 129 115 127 142 137 195 98 85 449 297 128 131 109 114 137 137 226 107 89 429 329 114 132 116 104 127 136 237 102 93 421 322 106 127 136 104 122 133 245 109 99 419 326 104 145 107 106 136 132 249 113 113 429 323 96 135 96 106 138 132 240 1 117 45J 313 104 144 97 118 154 133 207 1 133 495 311 117 173 122 118 165 131 137 2 127 535 297 117 137 127 127 158 135 94 3 132 558 294 124 152 162 130 164 138 77 2 135 578 288 125 139 168 114 151 132 79 27 117 561 264 122 120 127 134 178 147 129 115 116 550 293 136 136 136 96 102 68 73 89 82 76 69 63 60 59 63 70 78 85 83 78 74 87 114 80 131 58 85 349 224 109 126 130 135 163 142 177 108 101 289 124 136 120 ;65 143 171 265 311 369 290 295 294 294 297 296 294 289 287 284 283 278 278 274 274 273 155 198 153 125 111 129 150 126 103 80 61 45 66 130 185 216 237 226 213 192 168 226 203 207 205 147 153 197 116 149 142 188 124 154 146 190 135 150 146 169 134 159 145 167 147 161 151 172 146 161 151 169 151 156 151 161 147 155 152 159 146 157 155 158 148 160 180 159 149 160 160 160 152 160 169 168 144 158 162 170 143 158 167 179 144 156 166 179 143 156 164 179 143 155 162 179 143 152 160 170 140 151 162 168 140 108 229 228 197 198 162 176 149 163 162 161 151 163 134 129 157 160 191 150 134 169 184 136 169 185 198 262 238 235 233 245 248 266 272 280 298 305 305 309 309 272 249 67 64 75 72 81 99 98 95 92 96 96 97 101 102 102 107 111 111 109 105 104 257 205 230 226 264 300 267 296 290 302 305 297 256 276 329 298 342 344 272 356 329 275 212 230 276 284 315 274 311 308 297 317 323 293 313 353 319 348 341 288 339 324 134 118 80 90 71 73 66 71 72 70 70 71 72 76 80 79 79 79 75 78 76 . 294 140 177 212 201 236 223 258 233 219 218 218 228 234 250 252 266 279 260 297 266 331 181 154 168 185 198 179 219 193 179 156 164 184 203 237 216 226 192 170 181 187 264 188 204 259 284 327 299 318 322 262 271 248 255 309 464 396 473 336 322 357 344 „.. 137 105 115 139 131 139 123 129 123 136 131 139 153 151 161 149 139 138 130 141 1919 monthly average- 100 Production: Lumber* Building contracts... ._ Stocks: Beef Pork Business finances: Bond prices (40 issues) Banking: Debits outside New York City Federal ReserveBills discounted Total reserves . . .._. .. _. .. Ratio 102 72 86 117 133 129 141 122 136 143 146 151 141 154 163 157 140 127 113 130 146 142 69 102 106 108 138 83 138 157 148 143 145 166 166 148 146 137 117 90 150 155 66 98 42 83 55 94 49 90 41 88 86 87 107 104 108 112 111 111 111 114 91 29 70 32 91 34 90 34 82 95 107 108 121 106 121 19 76 17 59 20 46 113 114 112 111 111 111 31 81 26 96 21 89 31 45 36 56 34 67 33 74 30 78 25 76 112 112 114 115 115 117 117 116 123 123 113 119 137 121 137 134 114 133 128 132 91 28 39 19 26 22 21 21 21 24 24 30 33 30 32 39 23 28 33 27 97 122 144 146 146 134 138 137 137 136 135 134 132 131 132 131 129 135 133 133 135 80 122 154 152 160 149 151 154 154 153 153 154 149 144 144 142 134 149 147 146 151 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 whit* 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 board feet reported by the census. •Data since January, 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods. WEEKLY BUSINESS INDICATORS [See table on page 5] B !TU M^ APR. REB 160 140- ^t ous CO AL MAY JUNE JULY PRO DUCmo AUG. WHEAT ^ECEIPl S ^ NOV. SEPT. DEC. JAN, 320 MAR. FEB. APR. MAY JUNE JULY AUG. FISHEP 'S WHO LESJAL E PR ICE INC EX SEPT. OCT. DEC. NOV. lift. JAN. opn N X" X *«. A tf\r\ IOL> : : ..-•** on ••"•• *••*•/ V 105 J *S 240 1 \ I2O 60 ".. 100 **v \r\r\\ .»•* .00 yT ..-• -A 40 v>-- /• l\*« V. ' \ \ V •**/ \ .-• 80 LUMBER PRODUCTION •• s\ • JUNE JULY V "\ \ *;'•• i \ v V. / / -*" SEPT. AUG. " \ DEC. OCT. *••'' '-./• *•»... .'•«.* >S V *~ V, •*•"* •**«i •x*» Q. ^ \ "•V COTTON PRICES MIDDLING NEW YORK KK) V. MAY v/ 100 ' 160 MAR. APR. FEB. J 60 Qf\lf* COTTON RECEIPTS r 36O 60 1 320- 100 •*• BEEHIVE COKE PRODUCTION IfiO-r 140 120 r J ••••*. 100 CO CQ 1 s "\ .****.•' "A j /' ^ \ —V. *- 200 0 . . , . V*** / .*•** »-— ». 0 «M.. -H 130- i 160 120 100 80 r ,/- •••"' f *..* <"7 ':/ rs * 60 100^ M V A-. I? 60- / * '••• , J K 140 A 120 * (80 160 140 120 inn 80 J n 4U*L utttn* *. 1 1 ij n i\« |{ M a i: l\ : \i : : r. § 160 >,. . • I: ••: ?2* 1 •i V : 80 f . • f. ' t BO MAY AUG. SEPT V ,oof\ J OCT. NOV DEO. 40 - ,•: : i "V VI : f3* \-' ..'./ \ / •: Ifr BUSINESS FAILURES (NUMBER) • 00 JUNE JULY V i' : • :\ \ fa /:i ft ,^ I/'* JAN. FEB. MAR. APR. JUNr •••••> AUG. 1925 1926 \ SEPT OCT. 120 80 'NOV. 60 DEO. 'if 'i Vy ^r 100 N* A^ f 60' APR. * v% % 140- V 60 40| JAN 1 FEB. IMAR. 00^ 180 • i". •** ''J \ " ; J' —ft—' ^J s* HOG RECEIPTS ;.. : CALL MONEY RATES t 140 9HO A, A V t-' 100 40 BUILDING CONTRACTS S DEBITS TO INDIVIDUAL ACCOUNTS . ¥1iM jj . \i ? i 2OQ ., .«•••• ..,- no -*. . ***\ /'^ LOANS AND DISCOUNTS (F.R.MEMBER BA*<KS) 120 120 0 UA ^ '""' CAR LOADINGS 140 «... 120 '^., •.y CATTLE RECEIPTS I80i ^.»..w« £ -^ \- 140 / r*-w ^ •\«. /\ 160 • 80 p ETROLEUM PROD UCTION( DAILY AVERAGE) 1 WHEAT PR ICE NO. 2 RED WINTER ISO 4O I40 /*** w ^> ^/ 100 \ ...... «.^.' -. 90 120 * * . . . . . ' 6 H% •N. "^H. ICQ *•, ^ 120 *"*"• 86 mo L I40 F •* '— . 240 80 UJ /.. 280 ^S IRON AND STEEL COMPOSITE PRICES 105 /*> L (JAN. FEB. MAR APR. MAY r ,,\ v^~ •v JUNE JUL\ Aua « \ v i ^ V SEPT OCT. NOV occ. WEEKLY BUSINESS INDICATORS' Bank loans and discounts Debits to individual accounts 108 5 107.0 116 9 156.1 154.5 154.5 113.2 112.8 112.6 112.0 112.1 107.8 126.6 112.7 118.9 111.5 90.9 84.8 90.9 90.9 97.0 117.2 105.5 110.7 101 0 105.0 92.5 91.6 91.1 90.9 151.2 157.7 152.0 146.3 112.7 112.8 112.9 113.0 115.9 110.7 126.5 115.5 103.0 93.9 90.9 112.1 90.1 94.5 105.7 97.0 89.8 91.7 92.1 95.5 91.1 91.1 91.1 91.1 128 5 132.5 127.6 114.4 113.6 113.7 113.3 129.4 116.6 120.4 119.9 121.2 100.0 97.0 100.0 92.3 77 1 101.0 106.0 104.8 105 1 104.6 103 4 103.9 94.0 92 8 89.8 89 4 86.4 91.1 91.1 91.1 91 1 90.6 129.3 136 6 139 0 135 8 137 4 113.1 113 8 114.4 114 4 114.4 107.1 120 1 109.5 114.6 105.9 100.0 106 1 97.0 100 0 106.1 89.3 90 1 79.4 92 5 86 3 62 8 56.8 61.8 62 0 103 2 103.0 103.6 103 1 85 7 90.6 92.5 90 2 90.6 90.9 90.9 91.0 137 4 139.0 140.7 138 2 115 3 115.0 116.3 116 6 111.5 95.3 128.1 122.3 100 0 106.1 100.0 118.2 82 3 70.2 89.1 89 6 142 8 156.6 155.9 149 5 143.7 78 1 73.4 70.7 70 6 80.6 102 3 101.7 102.0 101 7 102.9 87 5 83.4 81.9 82 3 74.7 91 1 91.1 91.1 91.5 92.4 125 2 130 1 138.2 118 3 118.2 118.6 118 7 118.9 126.9 138.7 118.0 137.5 122.4 121 2 112.1 100.0 103.0 121.2 87 3 90.5 83.8 80 6 92.8 323 8 288.5 289.8 285.1 136.7 124.4 119.0 88 7 85.0 87.5 97.6 79 0 103.3 103.4 103.6 104.2 79.2 78.9 78.5 80.8 93.6 94.3 94.5 94.6 136.6 138.2 137.4 140 7 120.0 119.9 119.9 119,4 131.8 114.4 145.8 124.4 112.1 109.1 112.1 121.2 88.1 102.7 109.0 95.3 117 3 116 3 104.1 74 4 293 6 283 0 242.6 206.8 123.5 125 1 119.3 65.3 110 0 110 2 102.8 70 6 105.1 103 6 102.7 102.9 78 5 74.3 73.2 74.7 95.3 95 2 95.2 95.2 143 9 119.8 120 2 120.4 120.8 124.7 123 9 141.4 133.6 121.2 124 2 124.2 142.4 105.0 107 5 112.7 83.1 Receipts of hogs 108.1 110.5 110.5 113.8 96.5 93.0 88.2 82.9 105.9 109.3 114.1 118.2 101.4 100.8 101.4 105.4 172.6 170.5 151.9 165.6 35.0 21.6 34.2 23.5 43.0 42.1 41.7 45 5 85.2 85.9 92.9 87.1 57.1 68.9 80.3 83.3 102.3 103.0 102.8 101.4 91.3 92.1 92.5 92.5 97.9 96.6 96.0 95.0 May 2 9 16 23 30. .. 88.0 91.2 92.0 93.1 89.7 112.4 115.7 111.4 114.8 110.5 74.1 62.7 59.6 63.6 57.9 119.7 122.7 126.4 126.9 128.7 107.9 107.9 108.3 101.8 107.8 183.6 147.7 134.6 164.8 152.4 34.3 38.4 34.7 62.5 65.7 36.6 37.4 27.7 29.4 29.4 87.5 87.1 91.6 87.1 83.9 91.2 72.5 81.4 78.2 90.9 100.4 102.4 102.9 101.2 102.9 92.1 88.3 84.2 88.7 89.8 94.4 94.3 93.7 93.0 92.6 June 6 13 20 27 92.3 95. 0 92.6 95.4 113.8 115.7 112.4 112.4 56. 1 59.6 56.6 56.1 128.8 123.9 120.5 119.2 109.4 108.5 108.0 109.0 125.1 134.4 184.9 150.4 69.2 58.2 55.6 60.5 26.4 20.9 18.7 17.4 82.6 86.2 70.1 86.2 91.5 91.2 89.5 87.5 102.4 102.2 102.9 103.9 93.2 89.4 91.3 92.5 4. .. 11 18 .. 25 81.0 95.2 98.8 102.9 90.0 98.6 108.1 107.1 52.6 56.6 55.7 54.8 118.0 118 0 116.0 115.8 95.0 108.0 111.1 113.2 142.5 124.0 132.0 134.6 59.9 91.4 93.3 140.5 13.6 13 6 24.3 26.8 101.0 100.6 106.4 100.3 65.1 69 3 77.0 64.3 103.5 103 8 104.6 104.5 Aug. 1. ... 8 15. . 22 29 104.2 109.8 113.0 115.9 122.6 113.3 112.4 115.7 120.0 115.7 53.5 53 9 53.9 63 2 72.4 115.9 117 3 116.1 116 3 116.0 114.7 115.6 117.1 118 7 123.6 202.6 168 0 179.4 194 4 153.8 165.9 143 9 122.2 108 1 108.3 40.0 31 9 45.5 71 9 116 6 104.8 109.0 117.4 119 0 114.8 67.8 63 5 62.1 57 7 61.5 Sept. 5 12. .. 19 26 119.3 110.0 119.9 125.3 117.6 112.4 119.0 115. 7 72 8 73.2 75.0 77.2 117 3 116.9 116.9 115 5 121.2 107.2 120.7 123.2 152 4 97.7 162.3 136 0 136 0 158. 1 170.4 180 6 177 9 197.0 244.3 279 1 113.8 89.7 109.6 122.8 Oct. 3 10 17 24 31 121.3 128.7 129.7 133.2 137.5 114.8 116.7 114.8 116.7 116.7 82 0 89.0 99.1 98 2 114.5 114 9 114.9 114.2 113 3 113.2 122.3 121.6 121.6 123.3 120.0 234 8 132.0 117.6 130.6 157.8 149 0 113.4 90.7 74 6 81.0 311 9 309.4 337.4 327 7 325.1 Nov. 7 14 21 28 134.1 134.0 138.8 127.8 114.8 112.4 313.8 106.2 128.1 129.4 124.6 128.5 112.8 111.8 112.5 112.1 116.9 115.5 116.3 101.5 175.8 141.5 147.2 104.3 95.8 86.5 104.5 104 7 Dec. 141.8 142.2 139.8 92.9 108.1 110 5 111.4 72.9 130.7 127 6 137.3 114. 5 111 9 111 2 110.5 109 8 112.2 110 9 106.4 77.1 181.4 142 1 142.3 110.2 i 1 o 3 Wholesale prices Receipts of cattle 83.1 86.4 82.8 88.5 Bituminous coal production 4 11 18 25 WEEK ENDING a— Price of No. 2 wheat 100.0 97.0 84.8 97.0 Price of iron and steel (composite) 118.2 117.2 118.7 118.3 Price of cotton middling 113.0 112.4 112.3 112.3 d Receipts of wheat Building contracts Petroleum production Beehive coke production Lumber production All data are given as relatives to the weekly average for 1922 to 1934 as 100, except wholesale prices, which are based on 1923 to 1924 average 1 i i i 1925 Apr. July 5 12 19 26 142.3 oas 1926 Jan. 2 9 16 23 30 117.5 143.5 144.0 136.9 138.4 56.7 81.4 94.3 101.9 103.8 128 5 127.2 136 4 150.4 148 7 108 2 107.7 106 8 105.7 103 8 81.5 99.7 103.0 101.3 101.7 152 3 131.8 119 2 182.7 115 5 41 6 75.7 63 0 55.9 53 0 174.0 132.8 112 3 119.6 106 0 71.4 103.9 105 1 102.2 83 3 97 2 122 7 112 5 94.7 102 0 103 8 103.8 103 4 103. 7 104 0 78.1 78.5 79 6 78.9 78 5 95.5 95.5 95.5 95.3 94.9 152 8 153.7 152 8 152.8 148 8 121.8 121.3 120.2 120.0 119.3 109.8 153.2 129.8 135.2 124.0 145.5 97.0 109. 1 97.0 109.1 93.0 137.3 142.5 127.6 128.4 Feb. 6 13 20 27 134.0 132.3 126.8 120.0 108.1 110.5 108.1 107.1 161 0 158.8 154 8 140 4 104 5 104 3 104 3 105 6 100 6 100.8 102 4 100 3 93 2 77.0 102 8 146 7 51 48 60 40 9 9 8 6 101 3 97 9 87 7 71 1 87 8 85.5 78 8 82 3 94 93 79 80 4 7 0 9 104 0 103.3 102 0 101 3 78 5 78.5 78 5 75 1 94.9 94.9 94 7 94.7 156 1 148.8 145 5 147 2 119 6 119.8 119 4 119 2 132.4 123.3 121 7 107 7 112.1 118.2 115 1 127.3 128.9 94.8 118 9 104 0 Mar. 6 13 20 27 115.2 117.8 113.1 106.0 109.5 111.4 114.8 118.1 115.8 115.4 115 4 109.7 105 3 106.1 105 8 106.0 106.0 106.3 107 4 106.4 106 4 119.6 167 0 157.1 45 7 36.6 42 1 42 1 68 5 65.5 68 1 71 5 81 0 83.3 85 9 88.4 90 1 82.9 85 6 78 6 100 3 99.9 100 1 98.8 73 6 74.0 72 8 72.8 94.7 94.7 94 6 94.6 139 0 137.4 142 3 130.1 119 8 119.0 119.3 119.3 143.5 121.7 133 6 122.2 112.1 103.0 103 0 118.2 120 4 122.1 97.5 110.2 Apr. 99.6 103.8 102.5 102.1 116.7 115.7 119.0 118.1 102.6 ICO 0 102.2 100 0 106.7 1C6. 7 106.4 107 2 102.0 102.2 106. 1 107 0 165. 1 207 4 184.9 128 6 31.4 39 4 33 6 42 4 57.4 51 9 48 1 43 0 69.8 74.3 82 0 88 7 59.9 68 9 74 8 74 6 98.9 98.2 98.8 98 5 73.2 72.8 72.5 71 3 94.6 93.8 93.8 93 6 136.6 142 3 120.2 119.4 118.9 118 7 124.0 133.1 126.2 129.6 115.1 97.0 109.1 84.8 9&5 99.8 108.2 117.9 100.5 99.6 102.3 111.4 109.5 111.1 92 1 93 0 89 5 109 1 109 3 109.6 109.4 109 5 165 2 166 4 147 2 41 9 42 3 37 3 49 43 44 39 99 0 98 1 87 1 78 7 74 5 66 5 97 9 98 5 99.2 99 6 71.3 72 5 71.7 70 9 93.4 93 4 93.3 92 8 134.1 135 8 137.4 134 1 119 3 119 8 119.4 117.3 134 2 119.7 125 6 93.9 93.9 90.9 97.0 122.6 100.3 104.2 102 7 3 10 17 24 May 1 8 15 22 29 June 5 12 19 26 _ _ 4 4 3 6 1 Sources of data are as follows: Bituminous coal and beehive coke production from U. S. Department of Commerce, Bureau of Mines; Lumber production, based on four associations, from the National Lumber Manufacturers Association: Petroleum production (crude) from American Petroleum Institute; Loadings of freight cars from American Railway Association; Building contracts from F. W. Dodge Corporation; Receipts of wheat from JBradstreet's; Receipts of cattle and hogs from U. S. Department of Agriculture, Bureau of Agricultural Economics; Receipts of cotton from New Orleans Cotton Exchange; Wholesale prices (Fisher's index), based on 1923-24 as 100, from Professor Irving Fisher; Price of cotton, middling, from New York Cotton Exchange; Price of iron and steel, composite, from Iron Trade Review; Price of wheat, No. 2, red, cash, from Chicago Board of Trade through U. S. Department of Agriculture, Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts from Federal Reserve Board; Call-money rate from Wall Street Journal; Business failures from R. G. Dun & Company. 1 The actual week for all items does not always end on same d»y. 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 1925 and 1924] 20 10 0 10 20 (924 1925 DECREASE DECREASE INCREASE COMMODITIES COMPARISON WITH SAME MONTH COMPARISON WITH SAME MONTH COMPARISON WITH PREVIOUS MONTH 50 40 36 20 DECREASE INCREASE 10 0 10 20 30 40 50 60 70 .8050 40 30 20 INCREASE 10 Q 10 20 30 40 50 FARM PRODUCTS, AVERAGE' PRICE TO PRODUCER WHEAT-.—" CORN POTATOES COTTON COTTONSEED — CATTLE, BEEFHOGS—LAMBS FARM PRODUCTS MARKET WHEAT, SPRING WHEAT, WINTER--CORN NO.2 OATS BARLEY r RYE, NO.2 TOBACCO, BURLEYCOTTON WOOL!' GREASE (. BOSTON ) CATTLE. STEERS HOGS, HEAVY SHEEP. EWES SHEEP, LAMBS FOOD FLOUR, SPRINGFLOUR, WINTER SUGAR, RAW SUGAR, GRANULATED COTTONSEED OIL BEEF, CARCASS — BEEF, STEER ROUNDS - HAMS. SMOKED CCHiCAGO) — CLOTHING COTTON YARN - - COTTON PRINT CLOTH COTTON, SHEET ING - WORSTED YARNWOMEN'S DRESS GOODS— SUITINGS SILK. RAW HIDES, PACKER'S HIDES, CALFSKINS - LEATHER, CHROME (BOSTON)-LEATHER. SOLE , OAKBOOTS AND SHOES (BOSTON)-BOOTS AND SHOES (ST. LOUIS)COAL. BITUMINOUSCOAL, ANTHRACITE- COKE PETROLEUM f - METALS PIG IRON, FOUNDRY PIG IRON. BASIC STEEL BILLETS. BESSEMER COPPER - LEAD TIN---ZINC * - -BUILDING MATERIAL AND MISCELLANEOUS LUMBER. PINE, SOUTHERN * LUMBER. DOUGLAS FIR BRICK. COMMON (NEW YORK) - i CEMENT STEEL BEAMS RUBBER CRUDE- SULPHURIC ACID . 20 10 Q 10 20 DECREASE INCREASE 40 30 20 10 Q 10 20 DECREASE 30 40 50 60 INCREASE * NO CHANGE 70 8050 40 . 30 20 _ 10 DECREASE Q 30 40 50 INCREASE 60 70 WHOLESALE PRICE COMPARISONS NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics: nonferrous metal 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 producerlor at mill. See diagram on page 6. PER CENT INCREASE (+) OR DECREASE (— ) ACTUAL PRICE (dollars) Unit COMMODITIES RELATIVE PRICE (1913 average=100) April, April, 1926, from 1926, from March, April, April, March, 1926 1926 1925 1926 March, 1926 April, 1926 April, 1925 Bushel __--_ 1.460 .666 Bushel 2.256 Bushel .165 Pound 29.47 Ton .0665 Pound .1165 Pound .1156 Pound 1.422 .657 2.705 .166 31.51 .0666 .1149 .1132 1.405 1.030 .705 .237 37.94 .0655 .1164 .1222 26 -1.4 +19.9 +0.6 +6.9 +0.2 14 -2.1 +1.2 -36.2 +283. 7 30 0 -17.0 +1.7 13 -7.4 Bushel Bushel Bushel Bushel Bushel Bushel Cwt Pound Pound Cwt Cwt Cwt Cwt 1.627 1.676 .741 .413 .663 .843 25.00 .194 .48 9.690 11.490 7.700 12. 725 1.67 1.686 .728 .425 .689 .892 25.00 .192 .44 9.130 11.74 8.531 13. 531 1.55 1.70 1.08 .45 .88 1.12 24.50 .244 .54 9.99 12.58 7.92 14.16 +2.5 +0.6 -1.4 +4.9 +4.5 +6.0 0.0 -1.0 83 -5.8 +2.2 +10.8 +6.3 Barrel Barrel 8.805 7.875 .040 .049 .121 .160 .150 .295 8.756 7.513 .041 .052 .124 .160 .152 .301 8.25 7.04 .045 .056 .11 .183 .153 .282 Pound .384 Yard .080 Yard .098 Pound 1.500 Yard .800 Yard - 3.510 Pound 6.027 Pound .122 Pound .170 Squarefoot. .460 Pound .460 Pair 6.40 Pair 5.00 .374 .077 .098 1.450 .725 3.510 5.488 .114 .165 .460 .460 6.40 5.00 Short ton__ 3.39 Long ton_._ 11.48 Short ton__ 3.28 Barrel 1.800 April, 1925 FARM PRODUCTS-AVERAGE PRICE TO PRODUCERS Wheat Corn Potatoes Cotton Cottonseed Cattle, beef Hogs Lambs _ _ _ _ _ _ _ _ ___ _ _ _- _- - __ 184 108 378 138 135 113 155 190 180 106 453 138 145 113 153 186 177 167 118 198 174 111 155 200 +7.7 -0.6 -32.4 -4.4 -21.6 9 05 +2.0 -21.3 -18. 5 -8.6 -6.7 +7.7 -4.4 178 170 119 110 106 133 189 152 192 114 137 164 163 183 171 116 113 110 140 189 150 176 107 140 182 174 170 173 173 121 140 176 186 191 216 117 150 169 182 06 -4.7 +2.5 +6.1 0.0 0.0 +1.3 +2.0 +6.2 +6.7 -8.9 -7.1 +9.1 -12.6 07 +6.7 192 205 115 116 166 124 115 177 191 195 117 121 171 124 116 181 180 183 127 132 153 141 117 170 .420 .094 .106 1.75 .800 3.780 5.980 .142 .184 .48 . .500 6.40 5.15 -2.6 -3.7 0.0 33 -8.7 0.0 -9.0 -6.6 -2.9 0.0 0.0 0.0 0.0 -11.0 -18.1 —7.5 17 1 -8.7 -7.1 82 -19.7 -10.3 42 -8.0 0.0 -2.9 155 151 160 193 254 227 166 66 90 171 103 206 158 151 146 160 187 230 227 151 62 88 171 103 206 158 170 175 173 225 254 245 164 77 98 178 111 206 163 3.39 11.48 3.13 1.800 3.39 10.76 3.17 1.800 0.0 0.0 -4.6 0.0 0.0 +6.7 -1.3 0.0 154 216 134 193 154 216 128 193 154 203 130 193 Long ton_J! 22.26 Long ton.__ 20.00 Long ton- 35.00 .1386 Pound .0839 Pound .6347 Pound .0733 Pound 20.76 18.63 35.00 .1371 .0797 . 6196 .0700 21.89 20.13 35.50 .1325 .0801 .5138 .0699 67 -6.8 0.0 -1.1 -5.0 -2.4 -4.5 -5.2 -7.5 -1.4 +3.5 -0.5 +20.6 +0.1 139 136 136 91 192 143 133 130 127 138 90 182 140 127 137 137 138 87 183 116 127 Mfeet 47.96 Mfeet 16.50 Thousand-- 17.00 46.88 16.50 17.00 45.67 17.50 13.50 -2.3 0.0 0.0 +2.6 -5.7 +25.9 208 179 259 204 179 259 198 190 206 0.0 0.0 -11.8 0.0 -5.7 -4.8 +16.2 0.0 163 129 56 70 163 129 49 70 197 136 42 70 FARM PRODUCTS-MARKET PRICE • Wheat No 1 northern spring (Chicago) Wheat No 2 red, winter (Chicago) Corn contract grade 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 Pennsylvania fleeces (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) Pound Pound Pound Pound Pound - - CLOTHING Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) __ Cotton-print cloth, 27 inches, 64 x 60-38M"-5.35-yards to pound Cotton sheeting, brown 4/4 Trion (New York) ._ , Worsted yarns, 2/32's crossbred stock, white, in skein (Boston) Women's dress goods, French, 35-36 inches at mills, serge. _ 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 Coal, bituminous, mine run lump (Cincinnati) __ Coal, anthracite, chestnut (New York tidewater) Coke, Connellsville (range of prompt and future) furnace — at ovens Petroleum, crude, Kansas-Oklahoma—at wells 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, 1 x 4, "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 _._ 1.65 1.95 .448 .70 1.65 1.95 .395 .70 1.75 2.10 .340 .70 8 PRODUCTION OF PIG IRON AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS [April, 1926, is latest month plotted] 14,000 600 COMPARISON OF AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS [April, 1926, is latest month plotted] 800 800 BUILDING CONTRACTS AWARDEDk (27 STATES) N TOTAL AUTOMOBILE PRODUCTION LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS [April, 1926, is latest month plotted] 4,000 2,000 9 BUSINESS SUMMARY {Index and relative numbers based on the 1919 monthly average as 100—except unfilled orders which are based on the 1920 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 page 21] 1925 YEA!SLT AVBB AGE PER CENT INCEEASE (-B OB DEC!LEASE (— ) 1926 April, 1926, from March, 1926 April, 1926, from April, 1925 Febru- March April February March April 124 95 113 102 81 111 154 83 129 97 118 112 75 125 165 130 116 132 113 111 126 169 138 130 92 113 95 79 114 172 90 131 97 130 113 7 126 188 150 133 88 121 109 57 130 + 15 9 3 6. 9 -3. 5 18. 6 + 3. 2 +2 3 +2 3 + 1. 7 -5.2 + 16. 3 0. 0 138 86 119 115 49 130 159 157 155 + 3.3 -1.3 135 52 145 56 151 63 150 58 141 54 164 57 154 55 157 51 + 1. 9 -7.3 + 11. 3 -5.6 99 165 83 124 105 185 82 125 118 209 84 131 105 156 76 101 119 177 83 121 117 195 79 136 111 170 76 105 130 199 85 130 121 202 82 133 -6.9 + 1. 5 3. 5 + 2.3 + 3.4 + 3. 6 + 3. 8 -2.2 65 75 78 94 64 73 78 95 70 77 84 98 70 78 81 96 72 78 81 96 70 76 81 96 68 75 87 99 67 74 86 98 67 73 87 98 — 1. 4 + 1. 2 0.0 0. 0 -4. 3 -3. 9 + 7. 4 + 2.1 CHECK PAYMENTS (141 cities—Sea103 sonal adjustment). . _ . FACTORY EMPLOYMENT (1919 base).. _ , 93 110 84 127 84 129 85 126 85 122 85 139 87 149 87 142 86 4. 7 -1. 1 + 16. 4 + 1.2 TRANSPORTATION: Net freight ton-mile operation Car loadings (monthly total) Net available car surplus (end of mo.) 115 119 108 116 115 122 102 104 107 106 102 107 107 105 117 111 109 -1.8 + 1.9 25 139 146 172 208 204 126 149 167 + 12. 1 -18. 1 im 1124 1925 114 136 117 102 121 144 106 113 119 126 117 118 119 152 108 STOCKS (45 commodities; seasonal adjustment) 119 UNFILLED ORDERS (relative to 1920) . 74 SALES (based on value) : Mail-order houses (4 houses) Ten-cent chains (5 chains) Wholesale trade Department stores (359 stores) _. PRICES (recomputed to 1919 base) : Producers', farm products Wholesale, all commodities Retail food . .. Cost of living (including food) — PRODUCTION: Manufacturing (64 commodities—Adjusted) * . . Haw nrifttcriftlfl) totftl Minerals. _ ...... -----Animal products .... Crops Forest products. Electric power. ... . Building (awards— floor space).. 119 125 ary i See p. 28, Jan., 1925, issue (No. 41), for details of adjustment. COURSE OF BUSINESS IN APRIL GENERAL CONDITIONS Industry in April reached a new high peak in production, according to the manufacturing index number allowing for varying length of working time each month. Increases over last year were noted in such important items as the output of pig iron, steel ingots, bituminous coal, anthracite coal, and newsprint paper. As compared with the previous month, pig iron production and newsprint paper output showed no change but the production of steel ingots and both anthracite and bituminous coal was smaller. The consumption of cotton by textile mills in April was smaller than either the previous month or a year earlier. Building awards increased over both periods. Car loadings of merchandise were seasonally smaller than in March but were 2 per cent larger than a year 99365—26 2 ago. Sales by 10-cent chains were larger than in March while mail-order sales were smaller, but each of these lines showed increased activity over last year. Check payments, indicative of the general volume of trade, were smaller in April than in March, after adjustments for seasonal differences, but were 16 per cent higher than a year ago. Commercial-paper interest rates and stock prices were lower than in March, but both averaged higher than last year. Wholesale prices averaged lower than in March and were 4 per cent lower than in April of the previous year. Business failures in April, although fewer in number than in March, were greater than a year ago, with the April liabilities reporting increases over both the previous month and April, 1925. 10 SUMMARY OF INDEXES OF BUSINESS PRODUCTION Manufacturing output in April was the highest of any month since the end of the war, when allowance is made for variations in the number of working days. Total production for the month was lower than in March, the previous high record, owing to the smaller number of working days. April production was about 2 per cent larger than a year ago. Most of the industry groups showed slightly lower production than in March, exceptions occurring in stone and clay products, with a seasonal increase of 18 per cent, and foodstuffs, with a gain of 5 per cent. Compared with a year ago, increases of from 5 to 14 per cent occurred in all groups except textiles, leather, stone and clay products, metals except iron and steel and miscellaneous, all of which declined. Raw material output declined from March in a seasonal movement and was 2 per cent higher than a year ago. Except in the case of forest products, all raw material groups declined in output or marketings from March, the only exceptions to this trend within the groups being gold among the minerals and eggs among the animal products. Compared with a year ago, minerals and crops showed higher marketings, animal products lower and forest products no change. Among the minerals declines were noted only in petroleum, iron ore, gold and silver, while for animal products wool receipts more than doubled, but with slight increases in poultry, fish, and milk, these could not offset declines in the other products. Among the grains, only vegetables and fruits declined from a year ago, while among the forest products lumber and distilled wood increased slightly and the other groups declined. RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES [1920 monthly average=100. Adjustment has been made for both stocks and production for their respective seasonal movements. Unfilled orders are principally those of iron, steel, and building materials. April, 1926, is latest month plotted] COMMODITY STOCKS SALES A slight increase occurred in the index of stocks on hand on April 30, when corrected for seasonal variation, due entirely to the foodstuffs groups, both raw and manufactured, as raw materials showed a decline and manufactured groups other than foodstuffs showed no change from March. The unadjusted totals of stocks held showed declines for all groups except manufactured commodities, which exhibited no change. Compared with a year ago, stocks were larger, only the manufactured commodity group showing a decline. The index of unfilled orders of iron and steel and building materials declined during April and was also lower than on April 30, 1925. The iron and steel group accounted for these declines as the building material group showed little change from either period. Wholesale trade declined seasonally from March, only meats showing a gain. Compared with a year ago wholesale trade increased, in spite of declines in hardware; shoes and dry goods. Mail-order houses showed a decline in sales from March, while department stores and all groups of chain stores except 11 music and drugs made increases. Compared with a year ago, sales in all these branches of retail trade increased except shoe chains and department stores. PRICES Prices received by producers of farm products averaged the same in April as in March, an increase of 15 per cent in the fruit and vegetable group and a small increase in cotton and cottonseed counterbalancing slight declines in the other groups. Although fruits and vegetables averaged 73 per cent higher in price than a year ago and dairy and poultry increased slightly, the total index was about 5 per cent lower. The wholesale price index continued to decline, the farm products and food groups alone showing gains over March. Fuels alone were higher than a year ago, the general index declining 3 per cent from April, 1925. The commercial indexes also showed declines from both periods. EMPLOYMENT A slight decrease in employment in factories took place in April, in spite of gains over March in lumber and in stone, clay and glass products. Compared with a year ago, however, employment was greater, with declines exhibited in the food, textile, lumber, leather, tobacco and stone, clay and glass groups. Pay roll payments also declined from March and^increased over a year ago, declines from a year ago occurring only in the textile and leather groups. WHOLESALE PRICE COMPARISONS, BY GROUPS [April, 1926, is the latest month plotted] i i iii Ii i i M 300 I I I I I | i i I I i ' i u].i i i I i I i I I i I j i i j i i j « \ I ^--BUILDING MATERIALS 280 260 240 220 UJ !| 200 ID Z X 180 Q 160 140 120 METALS AND METAL PRODUCTS 100 1926 REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE TEXTILES April receipts of wool at Boston, although much greater than a year ago, were considerably less than in the previous month, receipts of both foreign and domestic wool declining from March. For the first four months, however, Boston wool receipts were almost one-third greater than for the corresponding period of last year. Prices of raw wool, yarn, and cloth were uniformly lower than for either the previous month or for April, 1925. Wool consumed by textile mills during April was almost 10 per cent less than that consumed during March. Wool machinery also showed a considerable decline in activity, the decline being evidenced both in fewer active machines and in the smaller number of working hours. 12 except sheetings, print cloth, and pajama checks. The decline in unfilled orders for cotton cloth was proportionately greater than in production, resulting in a considerable increase in stocks. Pajama checks alone recorded an increase in unfilled orders, while only Osnaburgs showed a decline in stocks. RAW COTTON CONSUMPTION AND EXPORTS [April, 1926, is latest month plotted] SPINDLE ACTIVITY IN COTTON MILLS [April, 1926, is latest month plotted] 10.000J Receipts of cotton into sight continued to decline but were one-quarter greater than during April, 1925. Imports and exports also declined from the previous month, but were each greater than a year ago. Consumption of cotton by textile mills during April was considerably less than in March and 3 per cent lower than a year ago. Spindle activity also declined from both comparative periods and prices of both raw cotton and cotton goods, were slightly lower than in March and much lower than in April, 1925. Stocks of cotton at mills and warehouses continued to decline seasonally but were very much larger than a year ago. The production of cotton cloth showed a further decline, all of the nine classes of cloth participating in the decline 1921 STOCKS OF COTTON AT WAREHOUSES AND MILLS [April, 1926, is latest month plotted] 6,000 I II I II II M I WAREHOUSE STOCKS 5,000 I I I | I I I | I M | I M [ I M | I M | I II | I M | Hm imimim s§ m i m i m in 13 S M i i I i s § i •* M M M M i o 1913 I 1914 I 1915 I 1916 I 1917 I 1918 t 1919 I 1920 II 1921 I 11922 I 1923 I 1924 I 1925 I 1926 I 13 The consumption of silk, as evidenced by deliveries to mills, continued to decline and was also less than in April, 1925, although for the first four months it was 2 per cent greater than for the corresponding period of last year. Stocks at warehouses were also lower than at the end of either the previous month or the corresponding month of last year, while prices continued to decline, averaging 8 per cent less than a year ago. The production of rayon in 1925, as ascertained by the biennial census of manufactures was 51,792,173 pounds, as compared with 36,152,917 pounds in 1923, an increase of 43.3 per cent. The value of the production of rayon mills showed an even greater gain, increasing during this period from $59,051,916 to $87,940,937, or 48.9 per cent. Iron ore consumption and pig iron production showed little change from March, but were about 6 per cent greater than a year ago. The number and capacity of furnaces in blast at the end of April was practically the same as the month previous but substantially larger than in April, 1925. Wholesale prices of pig iron averaged about 7 per cent lower than for either the previous month or a year ago. Steelingot production also declined from March but was 15 per cent greater than a year ago, the cumulative total for the first four months of 1926 being 5 per cent in excess of the totals for the corresponding months of last year. Unfilled orders of the United States Steel Corporation declined during April and were considerably less than a year ago. Production, shipments and sales of steel sheets also declined from the previous month, while stocks increased. Production shipments and sales were each considerably larger, however, than a year ago. Unfilled orders of steel sheets were 12 per cent less than at the end of March and 2 per cent greater than at the end of April of last year. Wholesale steel prices showed little change from the previous month, but were slightly less than a year ago. Bookings of structural steel were greater and shipments only slightly less than for the previous month, although the inverse was true in making a comparison with last year. Below are given data on electric motors as made available by trade sources: ELECTRIC MOTORS 1 [Large power direct current, 1 to 200 horsepower] January February... March Orders _ __ _ - $852, 630 900, 786 1, 218, 985 Billings $961, 269 840, 190 1, 082, 669 i Compiled by the Electric Power Club, representing large power direct current electric motors of from 1 to 200 horsepower, inclusive, built in general purpose motor frames, including control equipment sold with motors. o RDEBS Number January. __ February. March April.. 1925 __ May June July..__ August January February March . April 1926 _ Value Value $181, 618 158, 668 137, 030 137, 065 $109, 017 122, 930 179, 609 155, 969 280 268 320 288 164, 636 136, 064 159, 652 150, 642 141, 910 151, 674 166, 417 149, 677 261 350 388 408 151, 913 207, 761 213, 130 216, 966 118, 166 156, 508 179, 286 217, 715 3,736 2, 015, 145 1, 848, 878 305 321 385 282 152, 938 166, 243 234, 032 134, 109 169, 024 210, 673 191, 188 128, 140 • September October.. November December SHIPMENTS 342 303 264 264 _ Total... IRON AND STEEL 1926 In the accompanying tables are to be found data on orders and shipments of electric hoists: ELECTRIC HOISTS 1 i Compiled by the Electric Hoist Manufacturers Association from the reports of nine firms. Data on shipments of fire-extinguishing equipment are presented in the following table: NUMBER OF SHIPMENTS OF FIRE-EXTINGUISHING EQUIPMENT 1 1935 MONTH January _ February March. April May June.. July August September October. _ November December. _ Motor vehicles Hand types _ _ _ i _ _ __ _ _ _ _ Year's total 1936 __ _ _ 121 107 114 137 54, 213 45, 778 51, 526 55, 753 143 145 154 133 53, 931 54, 900 55,235 50, 025 129 128 128 139 51,383 51, 466 45, 535 49, 720 1,578 619, 465 Motor vehicles 87 97 106 120 Hand types 43, 692 51,500 59,275 52, 894 i Data furnished to the Bureau of the Census by 39 manufacturers, comprising practically the entire industry, the figures being a revision of those previously published, due to the inclusion of reports of additional concerns. Further details by classes are given on monthly press releases. NONFERROUS METALS The production of copper at the mines was slightly less than at the end of March and slightly greater than a year ago. The output of smelters however, was greater than for either prior period, although the cumulative production of smelter copper was 2 per cent less than for the corresponding period of last year. The world production of blister copper rose 2 per cent over the March total and exceeded that a year ago by 10 per cent, making cumulative totals 3 per cent in excess of last year's figures. Stocks of refined copper were less and those of blister copper slightly greater than at the end of March. The wholesale price of electrolytic copper, while averaging slightly lower than during the previous month, was at a higher level than a year ago. both stocks and in price. Shipments were greater and stocks less, however, than in April of last year. COPPER PRODUCTION AND EXPORTS RELATIVE PRODUCTION AND STOCKS OF ZINC [April, 1926, is latest month plotted] [1913 monthly average=100. April, 1926, is latest month plotted] The consumption of tin, as indicated by deliveries to mills, again increased, being 4 per cent greater than for March and 7 per cent greater than for the corresponding month a year ago. The cumulative total of such deliveries, however, for the first four months of 1926 was 2 per cent less than for the corresponding months of 1925. The world visible supply of tin was greater than at the end of March, although less than at this time last year. Stocks in the United States, on the other hand, were much lower than for either comparative date. The wholesale price of pig tin averaged slightly less than in March but 21 per cent higher than a year ago. 1922 1923 1924 1925 Shipments of lead ore from the Joplin district were considerably less during April than during the previous month or the corresponding month a year ago, while prices declined from both periods. PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL [April, 1926, is latest month plotted] r _ i >Vv^Aj J r \ , A '\ f \\J A/ ^A v I -w 50 TIN: IMPORTS^ VISIBLE SUPPLY, AND DELIVERIES TO MILLS [April, 1926, is latest month plotted] V co ° 1" g ^ 8 A *1 r H 1V A| ; 1920 -KV 1921 j 1922 A k/^^^ |i JL Arw ^/* s 11 V1 ' 1923 1924 1925 1926 FUELS The production of zinc fell slightly short of that recorded in March, but was 9 per cent greater than in April, 1925. The number of zinc retorts in operation at the end of the month showed the same tendency. Stocks of zinc, on the other hand, were much larger than at the end either of the previous month or of April, 1925. A decline in shipments of ore from the Joplin district, as compared with the previous month, was accompanied by a decline in The production of bituminous coal declined seasonably but was considerably greater than a year ago, the cumulative production for the first four months of the year being 15 per cent greater than in the corresponding month of 1925. Anthracite production also declined from March but was 13 per cent greater than a year ago. Prices of both bituminous and anthracite coal were also lower than during the previous month, prices of bituminous being lower and those of anthracite higher than a year ago. AUTOMOBILES April production of both passenger cars and trucks was slightly greater than for the preceding month, with substantial increases over last year's figures. 15 The 1925 production of passenger cars was 3,655,048 as reported by the biennial census of manufactures, compared with 3,472,681 in 1923, a large decrease in the number of touring cars and roadsters during the two-year period being more than offset in the increase in the number of closed models produced. PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE [April, 1926, is latest month plotted] production and shipments were 12 per cent larger than for the corresponding months of 1925. Stocks at the end of April were larger than in March but were much smaller than a year ago. The paper-board shipping box industry showed lower activity and smaller production of both corrugated and solid fiber boxes in April than in the preceding month. The April production, however, was substantially larger than a year ago, the four months' cumulative total being 17 per cent above the corresponding period of last year. NEWSPRINT PAPER PRODUCTION AND MILL STOCKS [April, 1926, is latest month plotted] HIDES AND LEATHER Prices of hides and leather declined seasonally and were also considerably less than a year ago. Sales of leather belting also declined, both from the previous mnoth and a year ago. The April production of boots and shoes was 10 per cent below that of March and was also less than a year ago. IMPORTS OF HIDES AND SKINS [April, 1926, is latest month plotted] BUILDING CONSTRUCTION Building costs showed little change during April, either from the previous month or from a year ago. Rental advertisements increased seasonally from March and were more numerous than in April, 1925. Contracts awarded for new construction were slightly greater in area and slightly less in total value than for March. Commercial and industrial buildings showed smaller contracts, both in square footage and in value, than for the previous month, while buildings devoted to public works and utilities decreased only in value. Compared with a year ago, total building contracts increased, both in square footage and in value, despite declines in industrial, educational, and public buildings. Fire losses were much larger in April than during either the previous month or the corresponding month a year ago. LUMBER PRODUCTS 1921 1922 1923 1924 | 1925 1926 PAPER AND PRINTING The April production and shipments of newsprint paper remained practically the same as for the previous month but were substantially larger than a year ago. For the first four months of this year both Although no uniform tendency was apparent, April production, orders, and shipments of the important varieties of lumber were generally smaller than for the previous month but larger than a year ago. Cumulative figures indicate that lumber production for the first four months of the current year did not maintain its usual ratio to orders and shipments, most of the different kinds of lumber showing either declines in the four months' total as compared with a year ago 16 or increases smaller proportionately than those reported for shipments and new orders. New orders, shipments, and unfilled orders for both kinds of flooring declined from the March total, although production and stocks of oak flooring showed slight increases over the previous month. For the first four months of 1926, both oak and maple flooring showed increases in production, shipments, and orders. Stocks of both kinds of flooring and unfilled orders of maple flooring were larger than at the end of April, 1925. Bookings, shipments, and unfilled orders of plywood declined from the previous month. Production, shipments, and stocks of circled headings for wooden barrels also declined from March, although new orders and unfilled orders increased. STONE AND CLAY PRODUCTS The production of paving brick was almost as great and shipments 50 per cent larger than during the previous month. Despite a decline from March in orders received, unfilled orders and stocks were slightly larger at the end of April than for the previous month. The paving-brick industry showed considerably lower activity during April than during the corresponding month a year ago. Bookings of terra cotta were considerably larger both in quantity and in value than for either the previous month or a year ago. Orders received for each kind of enameled sanitary ware were less than for either the previous month or for April, 1925. Shipments also fell short of those reported for either comparative period with the exception that shipments of baths were slightly larger than in March. Stocks of all enameled ware except miscellaneous increased from both prior periods. An increase in the production and shipments of Portland cement as compared with March was accompanied by a decline in stocks. Production and shipments of cement, however, were less and stocks greater than a year ago. Paving contracts awarded during April were very much larger than for the previous month but were less than a year ago. WHOLESALE PRICES OF CHEMICALS [April, 1926, is latest month plotted] Data on vitreous china plumbing fixtures, revised by the inclusion of reports for additional concerns, are presented below. VITREOUS CHINA PLUMBING FIXTURES l [Number of pieces, A grade or regular selection] Net orders received MONTH Julv „ August September October November 1925 __ Dp.nftmhpT Total (6 months) January February .March April. 1926 Shipments 205, 597 213, 369 195, 972 225, 287 301, 821 283, 018 272, 463 283,435 248,511 250, 803 201, 192 242, 676 1, 425, 064 1, 499, 080 285, 867 242, 805 259, 358 199, 404 248, 690 244, 121 282, 274 233, 406 Unfilled orders (end of month) ' Stocks on hand (end of month) 519, 874 449, 808 397, 269 371, 753 472, 382 512, 724 321, 155 325, 420 342,495 388, 643 443, 594 471,442 549, 901 548, 585 525, 669 491, 667 510, 890 464, 820 497, 519 532, 757 1 Data furnished to the Bureau of the Census by 37 manufacturers who report all vitreous chinaware which in regular practice is connected with a drainage system, the figures being a revision of those previously published, due to the inclusion of reports for additional concerns. Details are given on monthly press releases. CHEMICALS AND OILS Receipts of turpentine and rosin were much larger than during the previous month but considerably smaller than in April, 1925. Stocks of both turpentine and rosin were less than at the end of March, stocks of rosin also being less than a year ago. Prices declined from the previous month, but were higher than a year ago. Stocks of cottonseed declined seasonally from the previous month, as did the production and stocks of cottonseed oil. Cottonseed stocks, however, were at a higher point than a year ago, but, despite a larger production of cottonseed oil than in April, 1925, oil stocks were lower than a year ago. Receipts of flaxseed at the two Northern markets were smaller and shipments larger than for either the previous month or for April, 1925. Stocks continued to decline seasonally, but exceeded those of a year ago. Shipments of linseed oil and oil cake were less than for either the previous month or a year|ago. COTTONSEED OIL PRODUCTION AND STOCKS [April, 1926, is latest month plotted] 17 CEREALS The visible supply of wheat continued to decline seasonally both for the United States and Canada and was less for the United States than a year ago. Receipts and shipments also declined from the previous month, shipments being less than in April, 1925. Prices of wheat were slightly higher and those of wheat flour slightly lower than in the previous month. The visible supply of corn, oats, and barley also declined seasonally, receipts of corn being less and those of oats greater than in March. Prices of corn, oats, barley, and rye were all lower than a year ago and those of corn slightly less than in March. shipments of these animals were slightly larger than in March. Local slaughter of cattle, hogs, and sheep was less than for either the previous month or for April, 1925, the cumulative total of animals slaughCOMPARISON OF WHOLESALE AND RETAIL FOOD PRICES WITH WHOLESALE PRICE INDEX. [April, 1926, is latest month plotted] WHEAT RECEIPTS, EXPORTS, AND VISIBLE SUPPLY [April, 1926, is latest month plotted] 100 tered locally also being less except in the case of sheep than for the first four months of last year. Coldstorage holdings of beef, pork, and mutton products were smaller than at the end of the previous month RELATIVE RECEIPTS OF BUTTER, CHEESE, AND EGGS AT PRIMARY MARKETS [1919 monthly average=100. April, 1926, is latest month plotted] Stocks and shipments of rice continued to decline seasonally but were considerably larger than last year. Car-lot shipments of applies, citrus fruits, and hay were less than in March but greater than a year ago. Car-lot shipments of potatoes were smaller than in either prior period, while those of onions were larger than in March, although less than a year ago. The following table shows the production and stocks of edible gelatin: EDIBLE GELATIN 1 Production 300 200 Stocks, end of period PERIOD Thousands of pounds 1923 total. 1924 total. 1925 total _- 9,891 10. 454 8,990 4,258 2,829 1, 440 4,009 11,271 8,931 2 7, 146 8,990 4,637 10, 104 1925 First quarter Second quarter Third quarter. Fourth quarter First quarter 13, 322 14, 205 12, 535 __ „ „ 1996 _ . 2 1 Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 12 companies operating 13 plants, comprising the entire industry. Data for 1923 and 1924 not available by quarters. 2Certain reports missing which would make totals slightly larger. MEATS AND DAIRY PRODUCTS Trade in live stock was generally less than for either the previous month or a year ago, despite larger shipments of stocker and feeder cattle and sheep. Total 99635—26 3 20 and, except in the case of mutton, smaller than a year ago. Livestock prices were generally higher than during March, the only exception being in the case of corn-fed cattle. Compared with a year ago prices of cattle, hogs, and lambs were less and those of ewes higher. Poultry receipts declined seasonally from March, but were slightly larger than a year ago. Coldstorage holdings of both poultry and fish continued to 18 decline while those of creamery butter increased. Receipts of butter arid cheese showed only slight changes from either the previous month or from April, 1925. Receipts and cold-storage holdings of eggs, on the other hand, increased seasonally but were considerably less than a year ago. SURPLUS, SHORTAGE, AND BAD-ORDER FREIGHT CARS [April, 1926, is latest month plotted] SUGAR Imports of Hawaiian and Porto Rican sugar continued to increase and were 7 per cent larger in April than a year ago. Meltings declined both from the previous month and a year ago, while stocks at refineries at the end of April were much larger than for either prior period. Receipts of sugar at Cuban ports passed the peak which was reached in March and were smaller than a year ago. Stocks continued to mount despite a small increase in exports and were 25 per cent larger than at the end of April, 1925, RAW SUGAR ^IMPORTS, MELTINGS, AND REFINERY STOCKS [April, 1926, is latest month plotted] Receipts of coffee at Brazilian ports were larger than in April, 1925, but less than during the previous month. The visible supply of coffee both in the United States and in the world declined from both prior periods. DISTRIBUTION MOVEMENT Sales by mail-order and 10-cent chain stores showed either declines or only slight increases in April as compared with the previous month, but were uniformly greater than a year ago. Magazine advertisements for appearance in April magazines were 10 per cent greater than for the previous month and 7 per cent larger than a year ago. Newspaper advertising also increased from both prior periods, although to a lesser extent. Postal receipts at the principal cities declined by 8 per cent from the previous month but were considerably larger than in April, 1925. Delinquent accounts in the electrical trade increased both from the previous month and from a year ago. SALES BY MAIL-ORDER HOUSES AND 10-CENT CHAIN STORES [April, 1926, is latest month plotted] WATER TRANSPORTATION Panama Canal traffic was considerably less during April than during the preceding month, but larger than a year ago. Ohio River and Cape Cod Canal traffic was much heavier in April than during either of the prior periods, while Mississippi River traffic declined. The gross tonnage of ships completed during April was less than during the previous month, but much greater than a year ago. RAILROADS Surplus freight cars continued to increase from the previous month, although considerably less than a year ago. Car loadings declined from March, all classes except ore and miscellaneous goods participating in this movement. Total loadings, however, were slightly larger than a year ago. Increases in loadings of grain, coal, and merchandise offset declines in the other classes. Fewer bad-order locomotives and freight cars were reported for April than for either the previous month or a year ago. Shipments and unfilled orders of locomotives were also less than in March, although considerably greater than a year ago. LIFE INSURANCE Sales of life insurance declined from the previous month, but were slightly larger than a year ago, all regions of the country reporting these tendencies. April premium collections also declined both in the total and for each of the principal classes. BANKING AND FINANCE . Check payments and bank clearings both in and outside New York City were smaller than during March but exceeded the totals reported for April, 1925. Total deposits in and bills discounted by the Federal 19 BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS GOLD AND SILVER [April, 1926, is latest month plotted] Domestic receipts of gold at the mint were considerably greater than during March but were 10 per cent less than a year ago. Imports of gold declined considerably from the previous month but were much larger than in April, 1925. Exports, on the other hand, were more than four times those of the previous month. Silver production declined both from March, 1926, and from April, 1925. Imports were greater and exports less than for either prior period. The price of silver at the New York market declined slightly. 3,000 BILLS DISCOUNTED- ^fc^O 1923 1924 1925 1926 reserve banks also declined from the previous month while notes in circulation, investments, and reserves increased slightly. Interest rates averaged lower than in March but were considerably higher than last year. The liabilities of failing concerns increased both from the previous month and from a year ago, all classes of establishments showing larger liabilities than in the previous month, although the liabilities of trading GOLD TRADE BALANCE, SHOWING EXCESS OF IMPORTS OR EXPORTS [April, 1926, is latest month plotted] LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL RESERVE MEMBER BANKS [April, 1926, is latest month plotted] 1920 [ 1921 I 1922 { 1923 FOREIGN TRADE AND EXCHANGE establishments were less than in April, 1925. The number of failing firms was slightly less than during March and but little larger than a year ago. Prices of stocks were slightly weaker while bonds were slightly stronger than in March, both stocks and bond prices averaging higher than a year ago. Sales of stocks in April were less than one-half those of March and slightly less than those of a year ago. NUMBER OF BUSINESS FAILURES AND DEFAULTED LIABILITIES [April, 1926, is latest month plotted] Rates of exchange with Europe generally remained the same as during the previous month, except those on France and Belgium, which suffered sharp declines. Only slight changes were recorded in the rates of exchange with Asia and with the other American countries, Indian and Brazilian being less and Japanese, Canadian, and Argentinian greater than during the previous month. Compared with a year ago, all of the Asiatic and American countries showed increases in the rate of exchange and all of the European countries except England and Holland showed declines. IMPORTS AND EXPORTS OF MERCHANDISE [April, 192S, is latest month plotted] 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 of 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 9. 1925 PER CENT INCREASE (+) OR DECREASE ( — ) 1926 Mailmum since Jan. 1, 1920 Minimum since Jan. 1, 1920 *£ March April February March April 180 73 95 97 86 92 97 88 -9.3 + 2.3 156 216 137 121 262 150 188 140 131 145 62 105 41 0 0 17 78 38 57 80 113 171 100 98 0 137 150 124 82 108 118 192 97 96 0 148 176 136 77 104 119 195 87 102 54 140 164 122 85 117 113 173 120 28 0 135 169 132 75 107 130 192 119 120 0 150 185 140 59 110 121 187 103 112 0 145 169 139 77 105 -6.9 2 6 -13.4 — 6. 7 0. 0 -3.3 -8. 7 -0. 7 + 30. 5 4 5 + 1.7 -4. 1 + 18. 4 + 9. 8 -100. 0 + 3. 6 + 3.0 + 13. 9 -9. 4 10 3 138 227 . . 143 177 153 245 390 163 190 80 19 58 64 54 30 21 45 94 102 27 75 122 61 99 101 105 122 112 31 91 94 66 155 77 137 139 115 23 89 87 68 216 68 105 134 95 29 76 90 66 90 97 85 124 113 65 88 96 75 147 89 137 141 109 50 83 84 66 176 71 107 136 3. 5 5 2 23 1 + 117. 4 -5. 7 — 6. 7 -12. 5 3 4 12 0 2 9 + 19. 7 -IS. 5 -2. 2 + 4. 4 21 9 + 1.9 -3. 5 + 1.5 246 242 254 405 310 170 49 43 58 50 19 19 81 82 129 69 79 59 75 80 137 71 70 35 49 43 134 86 42 19 79 82 97 75 74 79 70 68 133 87 65 41 57 56 102 84 52 32 -18.6 17 6 23 3 3 4 -20.0 22 0 136 137 164 267 149 61 59 51 20 24 111 116 88 67 91 125 128 124 67 100 130 129 152 106 99 114 119 97 45 97 126 132 110 31 106 + 3.2 130 + 0. 8 133 , 130 ! + 18. 2 74 + 138. 7 111 ; + 4.7 133 137 129 130 151 166 115 127 191 164 195 132 153 71 68 77 54 32 57 63 69 92 69 71 70 37 71 115 94 108 127 137 85 99 151 100 171 100 112 124 129 96 112 143 150 94 111 159 125 182 109 139 130 130 97 112 123 152 93 116 156 141 184 107 154 130 120 92 106 129 145 77 113 162 85 152 105 133 131 137 104 117 151 160 89 127 170 115 176 127 153 133 133 109 106 140 161 82 127 163 136 168 116 151 April, 1926, April, 1926, from March, from April, 1926 2925 PRODUCTION (Relative to 1919 monthly average as 100) RAW MATERIALS Grand total MINERALS Total Petroleum Bituminous coal Anthracite coal.. _ Iron ore* Copper _ lead Zinc Gold Silver . _. « . ... . _ _ 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 + 16.3 + 30. 2 93 9 -2. 3 + 23. 8 + 68. 4 0.0 + 3. 1 -14. 5 -30. 2 + 121 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 * Fluctuations between maximum and minimum due largely to seasonal conditions. i + 1.5 -2.9 + 4.8 -9. 4 6 0 + 0. 6 -7.9 0. 0 -4. 1 + 18. 3 -4. 5 8 7 13 + 2.3 + 2.3 + 12. 4 5 4 + 13. 8 + 5. 9 -11. 8 + 9. 5 + 4. 5 3 5 S 7 + 8. 4 -1. 9 21 INDEXES OF BUSINESS—Continued ! i 1935 PER CENT INCREASE (-f) OR DECREASE ( — ) 1926 Maximum since Jan. 1, 1920 Minimum since Jan. l, 1920 Febru- March April February March April 167 228 189 121 185 91 73 89 58 86 151 181 139 86 177 150 193 128 80 173 141 172 119 74 174 164 227 162 74 174 154 198 153 80 170 157 206 141 93 170 + 1.9 + 4. 0 -7. 8 + 16. 3 0. 0 + 11.3 + 19. 8 + 18. 5 + 25.7 -2.2 168 250 202 115 179 84 70 68 56 88 164 230 137 83 178 160 236 118 73 176 144 195 104 69 176 166 237 163 69 175 164 250 142 65 173 159 243 124 63 173 3. 7 2 8 -12. 7 -3. 1 0.0 + 9.7 + 24. 6 + 19.2 -8. 7 — 1. 7 116 112 153 40 32 25 63 50 115 58 46 105 54 42 104 57 44 110 55 43 105 51 38 104 7.3 11 6 -1.0 -5.6 9 5 0.0 126 129 136 135 133 150 *89 60 59 43 62 88 58 *46 76 90 46 73 109 88 69 83 107 63 79 121 96 73 79 107 65 75 115 85 68 76 87 50 71 110 86 75 85 106 73 81 133 93 75 82 103 59 80 123 77 80 3. 5 2 8 -19. 2 -1. 2 7 5 17 2 + 6.7 + 3.8 — 3. 7 9. 2 + 6.7 + 7.0 — 9. 4 + 17. 6 170 49 105 119 117 111 130 121 -6.9 + 3.1 427 214 332 225 212 282 188 84 55 119 109 106 109 72 156 99 233 146 119 175 100 177 105 252 160 131 188 127 195 107 258 159 134 210 177 170 103 289 172 127 173 97 199 112 302 196 143 206 143 202 111 333 193 150 226 166 + 1. 5 0 9 + 10.3 1. 5 + 4. 9 + 9.7 + 16. 1 + 3.6 + 3.7 + 29. 1 + 21. 4 + 11. 9 + 7.6 6 2 226 154 80 100 101 127 121 139 136 141 105 132 130 143 133 143 + 2. 3 0.0 2. 2 + 1.4 2 102 2 107 2 103 2 104 2 103 2 105 2 104 2 105 2 105 2 107 2 108 2 103 2 3 85 2 87 2 81 2 79 2 92 2 83 2 93 2 84 2 90 2 66 2 86 2 75 2 92 93 92 88 93 95 101 92 92 96 93 87 92 92 90 92 89 93 95 102 99 96 97 94 90 93 92 87 91 88 94 92 101 102 100 96 86 92 94 94 89 90 92 90 93 102 101 94 102 89 94 98 94 88 90 93 90 91 103 105 96 103 88 96 98 93 86 88 93 92 87 103 103 99 101 84 95 97 1.1 -2.3 -2. 2 0.0 + 2.2 -4. 4 0.0 1 9 + 3. 1 -1.9 -4. 5 -1.0 — 1. 0 + 1.1 -1. 1 -3.3 + 5.7 2 1 -5. 4 + 2.0 + 1.0 -1. 0 + 5.2 -2. 3 + 3.3 + 3. 2 ary April, 1926, from March, 1926 April, 1926, from April, 1925 STOCKS (Relative to 1919 monthly average as 100) (Corrected for seasonal variation) Total Raw foodstuffs Raw materials for manufacture Manufactured foodstuffs _ _, Manufactured commodities (Unadjusted index) Total. Raw foodstuffs Raw materials for manufacture Manufactured foodstuffs Manufactured commodities _ _ UNFILLED ORDERS (Relative to 1920 monthly average as 100) (Iron, Steel, and Building Materials) Total (8 commodities) Iron and steel Building materials WHOLESALE TRADE (Relative to 1S19 monthly average as 100) (Distributed by Federal Reserve Districts) j 1 Grand total, all classes Hardware (10 districts) Shoes (8 districts) . . Groceries (11 districts) Drugs (7 districts) Drv goods (8 districts) Meats .„ > _ . RETAIL TRADE Ulelative to 1919 monthly average as 100) MAIL-ORDER HOUSES (4 houses) CHAIN STORES: Ten-cent (5 chains) Music (4 chains) Grocery (27 chains) . Drugs (9 chains) Cigar (3 chains) Candy (5 chains) Shoe (6 chains) DEPARTMENT STORES: Sales (359 stores) Stocks (314 stores) EMPLOYMENT (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 Metal products other than iron and steel. Tobacco products Vehicles _ _ Miscellaneous 1 Since Jan. 1, 1921, 107 80 ! Since July 1,1922. 22 INDEXES OF BUSINESS—Continued Maximum since Jan. 1, 1920 EMPLOYMENT— Continued (Relative to 1923 monthly average as 100) Amount of pay roll, by industries: Total, all classes Food products Textiles . - _ Iron and steel Lumber Leather _ . __ Paper and printing Chemicals Stone, clay, and glass Metal products other than iron and steel. Tobacco products . Vehicles Miscellaneous _ . .. _ PRICE INDEX NUMBERS FARM PRICES (Relative to 1909-1914 average as 100) All groups Grain _ -_ _ Fruits and vegetables Meat animals Dairy and poultry Cotton and cotton seed - _ .. _ Unclassified 2 2 2 2 2 2 2 2 2 2 2 2 2 Minimum since Jan. 1, 1920 1925 PER CENT INCREASE (+) OR DECREASE (— ) 1926 i February March April Febru- March ary April April, 1926, from April, 1925 April, 1926, from March, 1926 105 107 106 108 106 108 113 106 109 110 112 107 112 2 2 74 85 272 2 62 2 84 2 78 2 88 2 85 2 84 2 70 2 88 2 60 2 72 95 95 96 93 96 96 104 94 98 98 89 92 96 97 93 97 94 98 96 106 100 102 100 90 96 98 94 88 91 91 97 88 104 99 105 95 76 97 97 99 93 93 99 96 91 110 101 101 104 86 98 102 99 92 93 101 96 90 112 106 104 107 90 100 103 97 89 87 100 1 97 j 82 111 ! 105 105 104 84 99 103 235 283 373 186 215 304 180 110 88 108 91 122 76 74 146 178 131 126 142 183 96 151 172 138 145 134 195 94 147 152 146 146 131 189 94 143 140 218 146 144 142 87 140 133 220 147 137 133 85 140 131 253 146 133 135 83 US 243 248 346 281 203 300 213 275 208 138 114 131 171 162 109 155 121 164 111 161 162 157 191 178 136 183 135 173 125 161 161 159 191 174 134 180 134 170 125 156 153 154 190 169 129 174 134 171 129 155 150 153 184 179 128 177 132 164 133 152 144 151 181 175 128 176 132 164 12cS 151 145 153 177 174 127 173 130 163 127 0.7 + 0.7 + 1.3 -2. 2 -0.6 -0.8 ! -1. 7 -1. 5 -0.6 0. 8 -3.2 5 2 -0. 6 -6. 8 + 3.0 -1.6 -0. 6 3. 0 218 227 134 115 167 150 161 149 160 145 159 145 157 142 154 140 -1. 9 ! -1. 4 3. 7 -3. 4 US 219 186 288 200 192 155 139 143 153 149 171 165 151 183 172 169 175 165 151 182 173 169 175 165 151 182 171 165 175 170 162 177 176 169 175 169 160 177 176 166 175 168 162 176 175 162 173 -0.6 + 1.3 -0. 6 -0.6 : 2 4 ! -1. 1 -2.0 -3.3 -6.5 -1.0 + 1.0 -8.9 -0. 9 -0.9 + 1.0 -2.8 -6. 7 -1. 0 0.0 + 3.2 + 1.1 -4. 4 + 9.9 0.0 -6.8 + 6.7 + 6. 1 0.0 + 9.5 + 10. 5 + 2. 1 + 6.2 0.0 1. 5 + 15.0 -0. 7 2. 9 + 1.5 -2.4 4.8 -13. 8 + 73.3 0.0 + 1.5 -28.6 -11. 7 WHOLESALE PRICES Department of Labor Indexes (Relative to 1913) All commodities Farm products Food, etc Cloths and clothing . Fuel and lighting Metals and metal products Building materials -. Chemicals _ House-furnishing goods Miscellaneous — 4. 7 -1. 6 Commercial Indexes (Relative to 1913) Dun's (1st of following month) _ Bradstreet's (1st of following month) ,_ __ COST OF LIVING National Industrial Conference Board Indexes (Relative to July, 1914) All items weighted Food (Dept. Labor) Shelter Clothing _ _ Fuel and light Sundries 2 Since July 1, 1922. : +1.8 + 7. 3 -3. 3 +2. 3 -1. 8 1 I 1 NEW PAID-FOR LIFE INSURANCE1 ORDINARY YEAR AND MONTH 1913, total 1914, total 1915, total 1916, total 1917, total 1918, total 1919, total. 1920, total 1921, total _ .. 1922, total 1923, total 1924, total 1925, total 1931 January _ February March April. _. May June July ... August September October November December _ 1923 January February March April May June July _ August September _ October November December _ -- _ 1933 January February March April. May June July _ August September __ October November December January . February March April May June July August September October November December January _ February March April Mav June July August September October. November December January February March__ April --. . - -_ . 1934 __ _ ». __ . . 1935 __ . 1936 _ _ INDUSTRIAL TOTAL GROUP Number of policies and contracts Number of policies and certificates Thousands of dollars 20, 828 45, 474 47, 122 78, 720 178,336 5, 512, 053 5, 867, 692 6, 149, 751 6, 131, 371 6, 299, 661 5, 541, 991 5, 916, 703 6, 228, 128 6, 271, 858 6, 607, 804 2, 341, 137 2, 366, 772 2, 506, 160 2, 959, 479 3, 437, 191 315, 196 476, 635 461, 894 123, 589 246, 656 425, 574 425, 737 111,083 6, 539, 237 7, 748, 085 8, 464, 848 8, 561, 244 6, 853, 593 8, 222, 751 8, 924, 461 8, 684, 133 3, 671, 439 5, 952, 114 7, 112, 529 5, 949, 095 1,154 1,898 1,585 1,984 256, 144 418, 162 357, 638 546, 781 274, 616 520, 045 597, 765 998, 974 8, 987, 753 10, 299, 475 10, 810, 498 12, 224, 550 9, 242, 743 10, 715, 739 11, 166, 551 12, 769, 347 6, 728, 433 8, 271, 415 8, 954, 992 10, 756, 762 93, 357 91, 866 118, 478 95, 759 125, 232 104, 909 81, 872 84, 583 96, 805 129, 165 109, 087 126, 646 48 48 49 51 51 48 33 41 27 32 31 241 8,446 7,550 11, 880 7,908 10, 010 6,602 5,669 5,520 6, 421 8,004 6,503 39, 076 6,851 6,167 10, 111 7,030 9,189 6,119 4,632 5,485 5,076 6,569 5,790 38, 064 645, 406 646, 998 809, 149 695, 798 829, 698 724, 075 588, 517 592, 166 652, 986 825, 017 728, 122 823, 312 653, 804 654, 500 820, 980 703, 655 839, 657 730, 629 594, 153 597, 645 659, 380 832, 989 734, 594 862, 147 465, 080 467, 365 ; 558, 321 534, 472 559, 047 521, 158 454, 127 435, 384 422, 116 481, 382 457, 299 593,344 537, 827 568, 921 683, 552 571, 841 624, 125 578, 786 541, 850 511, 547 479, 847 622, 861 610, 594 653, 473 103, 725 110, 954 132,333 123, 208 125, 084 115, 959 110,423 102, 901 97, 257 132, 790 125, 960 137, 707 54 58 74 49 67 68 65 53 57 67 68 474 12, 608 13, 374 17, 028 22, 128 11, 690 16,515 10, 195 15, 346 17, 123 13, 942 17, 704 88, 491 14, 514 11, 908 17, 808 23, 323 10, 422 18, 860 11, 902 18, 490 18, 067 15, 674 17, 408 96, 240 683, 046 717, 672 859, 304 742, 124 804, 593 758, 243 709, 954 669, 140 629, 861 783, 738 778, 944 851, 134 695, 600 730, 988 876, 258 764, 203 816, 216 774, 690 720, 084 684, 433 646, 927 797, 613 796, 580 939, 151 466, 918 502, 996 591, 601 576, 336 ! 590,990 ! 586, 878 544, 529 523, 453 473, 504 545, 847 558, 951 766, 430 430, 329 437, 792 565, 731 510, 206 544, 111 562, 730 496, 839 473, 474 429, 458 479, 729 503, 167 597, 750 547, 155 550, 971 669, 471 950, 443 796, 538 693, 473 608, 854 566, 992 556, 415 668, 393 656, 873 681, 525 112, 678 114, 758 137, 853 208, 105 162, 326 147, 444 132, 798 127, 090 124, 905 152, 061 146, 882 153, 154 99 96 131 109 131 456 99 75 49 77 88 488 17,575 14, 945 23, 717 33, 095 39, 982 31, 830 30, 902 23, 102 16,911 12,462 18, 427 155, 214 18, 200 16, 122 24, 988 35, 050 45, 726 54, 924 21, 566 21, 969 21, 389 9,817 18, 797 231, 497 714, 668 721, 730 891, 138 1, 150, 224 1, 005, 757 911, 949 801, 008 749, 015 732, 078 858, 769 852, 642 910, 497 732, 144 736, 579 914, 724 1, 183, 210 1, 045, 608 943, 323 831, 811 772, 042 748, 940 871, 154 870, 981 1, 065, 223 561, 207 568,672 728, 572 753, 361 752, 163 765, 098 651, 203 622, 533 575, 752 641, 607 fi68, 846 £82, 401 180, 925 183, 436 232, 399 211, 670 221, 729 203, 678 186, 938 172, 613 157, 860 180, 221 214, 700 217, 519 497, 788 491, 661 619, 123 566, 646 586, 945 560, 364 528, 519 472, 997 425, 202 491, 541 515, 160 637,727 766, 821 649, 135 693, 674 705, 346 760, 648 674, 481 595, 545 609, 703 614, 848 830, 831 641,128 903, 065 179, 656 143, 762 156,792 158, 557 173, 629 154, 495 135, 015 141, 525 145, 052 198, 461 150, 718 225, 892 102 89 121 112 111 99 114 71 75 87 132 472 16, 395 10, 639 20, 484 24, 732 19, 991 13, 202 17,873 14, 814 lo, 896 70, 769 25, 770 109, 073 19, 082 15,411 35, 034 44, 217 34, 986 21, 490 31, 338 22, 931 19, 354 131, 101 38, 623 184, 198 947, 848 832, 660 926, 194 917, 128 982, 488 878, 258 782, 597 782, 387 772, 783 1,011,139 855, 960 1, 121, 056 964, 141 843, 210 946, 557 941, 748 1, 002, 368 891, 361 800, 356 797, 130 786, 604 1, 081, 821 881, 598 1,229,657 696, 526 650, 834 810, 949 769, 420 795, 560 736,349 694, 872 637, 453 589,608 821, 103 704, 501 1, 047, 817 176,993 184, 724 217, 859 214, 244 238, 253 218, 157 213, 216 208, 631 186, 175 222, 764 218, 240 270, 754 523, 654 548, 529 654, 771 638, 206 698, 706 638, 195 638, 833 607, 621 525, 532 616, 725 586, 877 720, 965 618,425 732, 120 809, 517 803, 384 . 882, 325 788, 352 734, 531 717, 402 691, 227 1, 199, 183 851, 209 824, 881 147, 441 177, 666 193, 604 196, 895 217,735 198, 113 182, 991 181, 048 175, 114 256, 704 207, 980 223, 883 178 114 129 143 143 160 121 118 107 114 172 485 47, 462 22,764 26, 991 37, 244 23, 174 32, 202 27, 762 68, 887 20, 033 38, 109 26, 476 175, 677 68, 957 36, 696 40, 797 66, 415 39, 041 47, 565 54, 947 126, 885 37, 788 54, 433 111,066 314, 384 795, 596 916, 958 1, 027, 505 1, 017, 771 1, 120, 721 1, 006, 669 947, 868 926, 151 877, 509 1, 422, 061 1, 069, 621 1,096,120 842, 880 939, 608 1, 054, 367 1, 054, 872 1, 143, 752 1, 038, 711 975, 509 994, 920 897, 435 1, 460, 056 1, 095, 925 1,271,312 740, 052 762, 891 889, 172 901,516 955, 482 883, 873 876, 771 915, 554 738,434 927,862 905, 923 1,259,232 184, 846 192, 677 239, 720 227, 169 560, 289 597, 429 724, 454 675, 296 817, 246 653, 943 844, 659 787, 138 227, 158 174, 782 230, 203 215, 504 200 152 190 152 40, 794 52, 250 44, 257 58, 947 56, 280 83, 088 72, 368 77, 521 1,002,292 846, 772 1, 084, 569 1,014,459 1, 042, 886 898, 870 1, 128, 636 1, 073, 254 i* *- »• p 843, 727 855,299 i 1, 027, 025 968, 321 Number Thousands Thousands Number of of of dollars contracts certificates of dollars Number of policies Thousands of dollars Number of policies 954, 164 945, 351 1, 006, 910 1,155,727 1, 325, 370 1, 697, 400 1, 658, 698 1, 761, 506 2, 177, 016 2, 521, 045 4, 557, 826 4, 922, 269 5, 142, 711 4, 975, 261 4, 973, 316 622, 909 662, 600 697, 532 703, 743 737, 810 63 72 130 383 975 30, 001 49,083 78, 507 140, 870 309, 118 1, 339, 680 2, 163, 136 2, 463, 312 1, 959, 759 2, 631, 596 4, 591, 733 5, 570, 270 4, 580, 253 5, 198, 717 5, 582, 980 5, 999, 255 6, 600, 785 793, 187 934, 807 1, 116, 522 1, 257, 759 840 1,969 2,281 700 2, 001, 375 2, 350, 474 2, 363, 688 2, 570, 010 5, 035, 016 6, 031, 316 6, 393, 673 7, 398, 614 6, 985, 224 7, 947, 103 8, 445, 225 9, 652, 556 1, 418, 801 1, 720, 054 1, 963, 554 2, 359, 174 158, 641 162, 623 187, 930 188, 437 177, 940 173,621 157, 119 146, 373 145, 479 153, 125 147, 250 161, 221 364, 872 369, 332 429, 732 431, 683 424, 626 410, 130 367, 623 345, 316 320, 235 345, 648 342, 422 428, 634 486, 717 484, 327 621, 170 507, 310 651, 707 550, 406 431, 365 445, 752 507, 480 671, 860 580, 841 661,850 145, 165 148, 693 175, 678 170, 234 180, 401 179, 389 168, 039 157, 540 149, 957 160, 810 168, 282 197, 187 348, 679 380, 134 440, 960 429, 805 455, 484 452, 059 422, 204 402, 062 358, 180 397, 383 415, 583 532, 483 167, 414 170, 663 221, 536 199, 672 209, 088 218, 020 192, 055 181,948 175, 614 190, 299 195, 681 228, 484 ! i ! ! | ! ; 1 ! i i i ' 1 ; j ! ! ; ; ! i i ! 1 Compiled by the Association of Life Insurance Presidents, representing new paid-for business, exclusive of revivals, increases, and dividend additions, as reported by 45 companies having in force 81 per cent of the total legal reserve life insurance outstanding in the United States at the end of 1924. 24 NEW DETAILED TABLES NATURAL GAS GASOLINE2 COST OF LIVING INDEXES (Thousands of gallons) (Relative to July, 1914, as 100) 1924 1923 MONTH 1935 1926 Fuel Light Fuel and light Fuel Light Fuel and light Fuel Light Fuel and light Fuel Light Fuel and light January February.. March April 208 208 206 197 123 123 123 123 179 179 178 172 192 191 187 181 120 120 120 120 168 167 164 160 183 183 182 176 121 121 121 121 162 162 161 157 189 195 190 122 118 118 166 169 166 May.. June July August September.._ 194 194 192 192 192 123 123 123 123 123 170 170 169 169 169 177 177 178 178 179 120 120 121 121 121 158 158 159 159 159 174 175 176 177 181 121 121 121 121 121 156 157 157 158 161 October November—. December 194 193 193 123 120 120 170 168 181 182 183 121 121 121 161 161 162 183 190 188 121 122 122 j Monthly av_ 197 123 172 182 121 161 181 121 162 167 166 ===== 161 DISTRIBUTION OF CORN SIRUP AND STARCH 1921 1923 1923 1934 1925 Mixed sirup Manufacturing confectioneries Jams, jellies, and preserves. Bakers Brewers (body sirup) 635, 783 610, 690 298,086 315, 704 304,147 410,514 319, 888 412, 388 29,944 38,161 24,512 350, 281 29, 063 36, 559 20,181 328, 675 20,052 30,703 393, 298 26, 588 39, 598 7,752 408,063 22,459 47, 330 7,822 425, 886 32, 527 63, 025 10,486 448,955 24,327 48, 012 11,715 Technicals (textiles, paper, etc _. Tobacco manufacturers Ice cream manufacturers... Miscellaneous dealers, etc.. 8,600 14, 226 691 66,101 7,964 8,588 1,508 47,594 6,258 14, 224 817 56,205 6,503 6,431 604 72,395 9,960 4,934 1,138 63,247 8,691 5,389 658 68, 268 8,520 4,485 Total for domestic consumption 1, 230,406 1,112,428 Exported 175, 293 123, 667 778,013 221, 581 868, 873 211, 563 1, 405, 699 1, 23.6, 095 867,100 1, 025, 444 137, 590 170, 328 680 56, 555 923,137 137, 038 999, 594 1, 080,436 1, 006, 690 1,195, 772 1, 060,175 STARCH July August September. October November. December. . Dextrine Paper,paste, asbestos, etc... Dealers and repackers(bulk) Grocers (packages)__. Laundry (bulk) Cotton mills, etc Miscellaneous Total for domestic consumption Exported Total distribution. 1 2 3 13, 533 40, 582 9,595 17, 853 23,899 i 16, 937 51, 622 4,246 16, 612 20, 503 53, 736 4,396 18,725 24,472 52,290 5,898 25, 459 20,350 42,828 2,664 26,800 19, 469 54,388 1,723 31, 889 18, 739 42, 585 993 33, 399 25,318 21,601 25, 439 27, 200 31,856 24, 325 14,601 25, 667 109, 782 121,988 20,625 35,830 117,303 135, 038 13, 256 26,499 93, 965 147, 877 24, 512 45, 353 91, 718 176, 722 26, 284 45, 203 66,471 148,649 30, 602 51, 379 68,883 149,291 27, 525 51, 281 63, 724 136,311 12,496 65, 018 9,633 12, 887 95,061 14,904 11,906 106, 593 20,683 22,871 120, 892 49, 701 21,747 110,342 41,447 17,195 106, 930 43, 873 14. 781 107, 303 42,851 464,647 ! 546,383 234,754 I 124,808 539,740 265,048 665, 327 358,889 579, 985 207,764 607, 478 268,930 563, 817 804, 788 1, 024, 216 787, 749 876,408 798, 922 19,401 | 671,191 90,800 92,700 93,100 102,100 102, 800 107, 600 1926 January February.. March April May June 106,000 100,000 113,147 OutShipments standing Can- Plant accts. cella- operaend tions— tions— mo.— Per ct. Per ct. Num- of new of full Number days' ber orders time , production days' sales 1923 June July August September. October November. December.. 64 72 67 69 63 58 50 34 25 21 28 28 22 12 21 24 26 25 35 27 20 67 64 60 58 52 53 53 84 47 41 38 45 66 65 68 69 72 54 52 21 20 17 14 28 37 22 33 35 30 12 24 26 27 23 17 16 23 23 29 34 26 26 54 57 58 58 56 65 63 63 58 48 54 54 5.5 4.5 14 13 25 4.5 6 80 72 54 43 47 56 63 64 68 68 68 56 57 22 22 14 18 27 34 30 34 32 34 15 26 28 29 33 18 17 25 25 29 33 32 26 60 60 55 60 51 51 56 60 64 59 55 51 4 100 4.5 100 11 98.5 20 96 20 96 10 93.5 82 78 53 23 25 27 28 30 51 54 52 4.5 9 13.5 1934 January February._ March April May June July August September. October November. December __ 1925 Bakers and millers Baking powder. Brewers (refined grits) Confectioners Chemists, colors and explosives _ Production; 1935 7,426 1911. 1912 12,081 1913. 24,061 1914. 42, 653 1915 65,365 1916.... 103,493 217,884 1917 1918.... 282, 536 1919 351, 535 1920-.- 384, 744 1921.. 449,934 1922.. 505, 832 1923. 816,226 1924 933,861 1925. 1,104,900 YEAR AND MONTH USE 1920 MONTH Unfilled New orders end mo. orders CORN SIRUP (GLUCOSE) 1919 Production FURNITURE—GRAND RAPIDS DISTRICT « (In thousands of pounds) Total distribution.. YEAR January February _ _ March April May June July August September. October November. December.. 1926 January February ._ March 10 12 9 14 24 30 10 9.5 30 100 95 98 97 99 98.5 93.5 100 101 92 85 95 98 101 100 98.5 95 96 5.5 9 10.5 25 94 100 101 99.5 100 98 100 235,105 Segregation of the fuel and light indexes from the National Industrial Conference Board. Compiled by the U. S. Department of Commerce, Bureau of Mines, comprising the entire industry. From data compiled by the Associated Corn Products Manufacturers, comprising total distribution of these products by manufacturers. * Compiled by Seidman and Seidman from reports of representative manufacturers of furniture in the Grand Rapids district. Owing to variation in the number of firms reporting each month, the figures have been shown in number of days' production or sales, based on current ratios, or as percentages. The original data are based on value. 25 TREND OF BUSINESS MOVEMENTS The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. These data represent continuations of the figures presented in the latest semiannual number (February, 1926), in which monthly figures for 1924 and 1925 may be found, together with explanations as to the sources and exact extent of the figures quoted. The figures given below should always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of the end of the month referred to. For explanations of relative numbers, including base periods, see introduction on inside front cover. 1936 PER CENT INCREASE (+) OR 1935 DECREASE (— ) The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February March April February CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 Per cent increase ( } or tdecrease (-) cumulative 1926 from 192.1) April April, April, 1926, 1926, from from March, April, 1925 1926 1935 1936 32, 886 5,475 27, 411 35, 791 19, 215 4,075 15, 140 28, 911 -13.7 +102. 5 -23.9 +117.3 -10.1 +98.5 -32.0 +12.9 109, 373 17, 775 91, 598 149, 931 145, 227 30, 356 114, 871 161, 078 +32.8 +70.8 +25.4 +7.4 45, 853 43, 287 -8.7 -7.4 186, 990 165, 963 -11.2 -4.4 +0.4 -9.4 +8.3 -1.5 +22.2 March TEXTILES Wool Receipts at Boston: Total thous. oflbs.. 29, 883 Domestic.. thous. of lbs._ 4,767 Foreign thous. of lbs._ 25, 116 Imports, unmanufactured thous. oflbs 45, 102 Consumption by textile mills, grease equivalent thous. of lbs_. 41, 446 Stocks (quarterly), grease equivalent : Total thous. oflbs.. i 346, 678 Held bv manufacturers thous. of Ibs 1 175 898 Held by dealers . thous. oflbs _ i 170, 780 Machinery activity, hourly: Looms — Wide _ per ct. of hours active 67 Narrow per ct. of hours active 63 Carpet and rug.per ct. of hours active-68 Sets of cards per ct. of hours active 77 Combs per ct. of hours active-85 Spinning spindles— 72 Woolen per ct. of hours active W7orsted per ct. of hours active-71 Prices: Raw, Ohio, .54 ^ blood, unwashed ° dolls per Ib Raw, territory fine, scoured0 dolls perlb 1.28 Worsted yarn ._ .dolls, per lb_. 1.55 Womeu's dress foodsFrench serge dolls per yd .80 Men's suitings. dolls per yd 3.60 31, 379 5,098 26, 281 35, 321 40, 492 45, 060 11, 634 33, 426 48, 002 38, 905 8,857 30, 048 32, 653 18, 285 4,807 13, 478 37, 725 43, 932 40, 093 46, 415 331, 324 176, 520 154, 804 305, 958 179, 244 126, 714 63 62 70 76 85 62 61 70 78 79 59 62 63 75 73 75 69 81 93 88 71 68 86 94 77 68 68 76 89 67 -4.8 +1.6 -10.0 -3.8 -7.6 -13.2 -8.8 -17.1 -15.7 +9.0 70 75 73 70 72 62 90 74 92 66 87 60 -1.4 -11.4 -17.2 +3.3 .53 .48 .44 .68 .63 .54 -8.3 -18.5 1.26 1.55 1.21 1.50 1.15 1.45 1.65 1.90 1.58 1.80 1.42 1.75 -5.0 -3.3 -19.0 -17.1 .80 3.60 .80 3.51 .73 3.51 .80 3.78 .80 3.78 .80 3.78 -8.7 0.0 =11 1,155 62, 061 752 38, 355 701 45, 726 618 33, 464 864 59, 902 811 33, 955 495 22, 409 -11.8 -26.8 +24.8 +49.3 2 13, 639 3,549 171, 088 2 16, 123 3,226 179, 606 +18.2 -9.1 +5.0 749, 967 583, 192 556, 185 567, 244 519, 732 634, 593 516, 494 575, 799 811, 838 550, 775 740, 076 583, 407 472, 555 596, 541 -0.6 -9.4 +9.3 -3.5 3, 100, 544 2, 324, 733 2, 342, 378 2, 360, 828 -24.5 +1.6 6,987 1,811 5,176 6,575 1,831 4,744 5,930 1,768 4,163 5,170 1,639 3,531 4,616 1,542 3,073 3,662 1,634 2,028 3,177 1,511 1,666 6,774 5,238 6,643 4,930 5,957 4,278 5,486 3,805 5,645 4,328 5,323 3,790 4,545 2,942 -7.9 11 1 +20.7 +29.3 32, 803 8,359 221 98.7 33, 029 8,094 214 102.8 33, 233 9,163 242 102.1 32, 893 8,348 221 98.2 33, 359 7,893 208 100.5 33, 217 8,615 228 100.0 33, 410 8,520 225 100.2 -1.0' -8.9 -8.7 -3.8 -1.5 —2.0 -1.8 -2.0 .172 .208 .177 .206 .165 .194 .166 .192 .230 .247 .245 .256 .237 .244 +0.6 -1.0 -30.0 -21.3 Cotton Ginnings (crop year total) thous. of bales . Receipts into sight thous. of bales Imports, unmanfactured _ _ bales.. Exports, unmanufactured (including linters) bales.. Consumption by textile mills bales.. Stocks, domestic, end of month: Total, mills and w'houses._thous. of bales.. iVIills thous of bales Warehouses thous of bales Stocks, world visible, end of month: Total thous of bales American thous of bales Machinery activity of spindles: Active spindles thousands Total activity millions of hours Per cent of capacity per cent Prices: Raw cotton — To producer dolls per Ib In New York dolls per Ib Cotton finishing: Billings, finished goods (as produced) thous. of yds.. Orders received, gray yardage thous. of yds.. Shipments, finished goods. .cases.. Operating activity Cotton goods:b Total (9 classes)— Production Stocks Unfilled orders Sheetings— Production Stocks Unfilled orders -12.8 +62.7 -7.3 +8.5 -15.2 +111.9 78, 170 82, 370 98, 321 90, 938 81, 650 94, 039 88, 986 -7.5 +2.2 345, 849 349, 799 +1.1 85, 055 46, 922 41,006 71 97, 436 54, 452 41, 329 74 79, 606 49, 301 42, 350 67 83,293 47, 961 36, 101 66 86, 776 48, 879 36, 121 69 76, 505 45. 776 39, 296 64 -18.3 -9.5 +2.5 -9.5 +4.1 +7.7 +7.8 +4.7 331, 033 191, 935 349, 285 197, 354 +5. 5 +2.8 per ct. of capacity.. 87, 188 46, 679 41, 111 62 thous. of yds.. thous of yds thous. of yds_. 229, 453 220, 486 279, 025 199, 153 208, 154 239, 957 197, 474 211, 352 228, 503 193, 119 234, 247 201, 412 57, 015 31, 105 64. 378 46, 612 22, 360 62, 689 45, 254 20, 196 53, 992 46, 281 24, 561 42, 378 thous of yds thous. of yds._ thous. of yds.. 1 Quarter ending Dec. 2 Total for crop year. 31,1925. -2.2 +10: 8 — 11.9 +2.3 +21.6 1 -21.5 1 See table, p. 29 of the May, 1926, issue for earlier data. > See table on p. 26 of the May, 1926, issue for earlier data. 26 TREND OF BUSINESS MOVEMENTS—Continued 1926 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February PER CENT INCREASE (+) OR DECREASE ( — ) 1925 | March \ February March April Per cent increase (+) or decrease (-) cumulative 1926 J from 1925 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 • April, April, 1926, 1926, from from March, April, 1925 1926 ! April ! 1936 1925 TEXTILES— Continued Cotton— Continued Cotton goods— Continued. Print cloth — Production thous of yds Stocks thous. of yds_. Unfilled orders thous of yds Pajama checksProduction thous of yds Stocks thous of yds Unfilled orders thous of yds Drills and twills (40" and narrower)— Production thous of yds Stocks thous. of yds.1 Unfilled orders thous of yds Pocketing twills and jeans — Production thous of yds Stocks thou^ of yds Unfilled orders thous of vds Osnaburgs— Production thous of yds Stocks. thous of yds Unfilled orders thous of yds Heavy warp sateens — Production thous of yds Stocks thous. of yds. _ Unfilled orders thous. of yds.. Drills, twills, sheetings, and sateens (wider than 40")— Production thous of yds Stocks thous of yds Unfilled orders thous of vds Colored goodsProduction thous of yds Stocks thous of yds Unfilled orders thous of yds Cotton cloth exports t'hous. of sq. vds" Fabric consumption by tire manufacturers thous. of lbs_. Elastic webbing sales thous of yds Fine cotton goods, production pieces Prices: Cotton yarn— 22/1 cones Boston dolls per Ib 40/ls, New Bedford dolls perlb" Print cloth, 64 x 60 dolls, per yd" Sheeting, brown dolls per yd Cotton goods (Faircnild).. .index number.". 80, 835 29, 996 86, 696 66, 952 33, 569 62, 111 65, 553 32, 503 56, 757 65,747 42,841 ' 47,411 +0.3 +31.8 -16.5 4,796 921 7,080 4,404 914 10, 461 4,839 1,212 22, 352 5, 624 1, 360 26, 873 +16.2 +12.2 +20.2 17, 136 17, 072 14,811 14, 499 16, 971 11,517 13, 295 18, 394 8,446 12, 394 20, 073 4, 757 -6.8 +9.1 -43.7 4,298 7,091 3,309 3,324 7,153 2,140 3,092 7,037 1,608 2, 450 7,573 1, 170 ,-20.8 +7.6 -27.2 7,199 8,357 16, 429 7,380 7,536 18, 532 8,145 7,523 15, 427 6,844 7, 151 11,643 -16.0 -4.9 -24.5 1, 587 1,219 1,384 1,326 1,037 984 981 1,201 906 902 1,376 418 -8.1 +14.6 -53.9 6, 851 1,586 19, 052 7,367 1,798 15, 177 7,061 3,250 12, 435 6,144 5,258 M, 4SH -13.0 +61.8 -15.7 49, 736 123, 139 65, 886 41, 017 47, 289 116,816 56, 346 37, 626 49, 254 120, 036 56, 580 41, 344 46, 733 124, 054 56, 279 52, 308 -5.1 +3.3 -0.5 +26.5 13, 198 10, 875 427, 234 13, 251 10, 892 397, 463 14, 198 11,983 452, 349 13, 930 .403 .550 .087 .101 176 .399 .545 .086 .101 175 6,821 46, 148 :::::::::. " _ | " 39, 660 51, 520 52, 378 -0.1 195, 377 172, 295 15, 041 14, 273 444, 886 14, 902 15, 535 449, 266 -1.9 -6.5 419, 510 13, 364 13, 798 388, 053 i-r 0 -6.6 55, 618 3 41, 226 1, 702, 109 69, 479 3 33, 750 1, 696, 556 +24.9 -18.1 -0.3 .384 .540 .080 .098 170 .374 .528 .077 .098 166 .430 .569 .095 .107 194 .430 .589 .096 4.108 196 .420 .580 .094 .106 194 -2.6 -2.2 -3.7 0.0 -2.4 -11.0 -9.0 -18.1 -7.5 -14.4 6,919 42, 476 5,054 39, 400 6,003 37, 276 5,259 37, 529 5,714 45, 157 4,947 40, 040 +18.8 -5.4 +21.3 -6.9 22, 554 162, 611 24, 797 165, 300 +9.9 +1.7 47,326 32, 054 6.71 43, 418 31, 118 6-66 i 35, 948 30, 122 46, 663 27, 761 5.83 39, 271 26, 540 5.98 -23.3 5.49 60,249 24,2 2 6.22 -16.2 6.03 -9.0 -8.2 93.9 59.1 101.7 92.6 59.2 103.4 I 92.0 62.5 101. 1 80.2 56.5 83.1 83.4 58.5 85.3 90.0 59.4 86.9 1,569 1,736 223 1,677 1,673 238 1, 658 1, 854 267 1,626 1,562 245 1,843 1,574 233 1,276 1,689 197 242, 467 i 284, 110 213, 248 256, 705 333, 286 346, 406 252, 861 213, 031 325, 958 290, 448 251, 365 344, 714 266, 256 227, 518 345, 478 3 781, 117 3 678, 491 3 757, 998 3 657, 302 -3.0 -3.1 3,937 3, 773 6,483 4,075 i 6,457 3,703 3,372 5,964 3,852 7, 705 4,039 3,791 5,945 4,096 7,730 4,030 3,648 4,874 4, 345 7,937 3 11, 403 3 10, 369 3 ii, 201 3 10, 173 -1.8 -1.9 312,348 s 1,094 1,244 1 1,057 1,207 1,154 1,446 1, 037 1,048 2,966 2. 772 Cumulative through Mar. 31. 1, 201 1.1Q8 ilnsn 1, 254 3,614 1,325 1,245 1,103 1,210 3,472 1,329 1,184 1,208 1,033 3,333 4 Revised. Silk Imports, raw thous. of lbs__ Deliveries (consumption) . .bales Stocks, end of month: At warehouses _ .bales At manufacturers' plants bales Price, Japanese, New York dolls, per Ib. Silk machinery activity: Broad looms per cent of normal Narrow looms per cent of normal Spinning spindles per cent of normal -11.8 Clothing Men's and boys' garments cut: Suits _ thous. of garments Separate trousers. thous. of garments Overcoats.. _ thous. of garments Work clothing: Cut . . dozen garments Net shipments. _ dozen garments Stocks, end of month dozen garments 231, 421 187, 349 345, 229 | 3 4, 904 -2.8 3 5,3 263 j +11.0 +6.3 728 3 5, 047 3 4, 740 3685 Hosiery Production Net shipments.. Stocks? end of month New orders. Unfilled orders, end mo thous. of dozen pairs thous. of dozen pairs thous. of dozen pairs. . thous. of dozen pairs thous. of dozen pairs 3,672 3,146 6,156 3,699 7,242 3,592 3,254 6, 410 3,322 6,329 Knit Underwear Production . thous. of dozens Net shipments thous of dozens Stocks, end of month thous. of dozens New orders thous of dozens Unfilled orders, end of mo. -thous of dozens.. 3 1, 060 1,081 993 1,373 2,736 ! li i • 3 3, 605 33,551 ' 3 4, 296 : -10.1 11,096 ! i 1 3, 398 '3,345 -5.7 -5.8 •' 3, 458 -19.5 27 TREND OF BUSINESS MOVEMENTS—Continued 1926 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" March January February 64,493 36, 715 47,390 27, 235 63, 653 36, 701 2,310 1,927 1,639 2,320 1,971 2,080 2,885 2,313 1,696 February March April CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 ! PER CENT INi CREASE (+) OR DECREASE ( — ) 1925 April April, April, 1926, 1926, from from i March, April 1925 1926 1925 1926 Per cent increase ( } or tdecrease (-) cumulative 1926 from 1925 TEXTILES— Continued Burlap and Fibers Imports: Burlap thous of Ibs Fibers (unmanufactured) long tons. - 68, 816 34, 257 56, 524 25, 273 56, 175 29, 559 53, 076 23,592 +8.1 -6.7 +29.7 +45.2 222, 015 111, 566 244, 152 134, 908 +10.0 +20.9 1,923 1,671 1, 593 2,537 2,254 1,498 2,478 1,752 1,801 -12.8 -8.0 -0.5 +1.6 +21.4 —6.3 8,879 7,527 10, 032 8,338 +13.0 +10.8 0 0 +10.7 —53 4 -51.2 9,576 4,089 7,644 2,323 -20.2 -43.2 20, 545 19, 784 -3.7 13, 407 2,847 13, 131 2,921 -2.1 +2.6 75, 110 102, 979 70, 990 86, 972 -5.5 -15. 5 3 176, 532 3 230, 323 3 211, 347 3 205, 465 3 178, 121 s 170, 265 +16.4 -22.7 -19.4 3 55, 315 3 38, 134 3 63, 876 s 40, 303 +15.5 +5.7 Pyroxylin Coated Textiles Pyroxylin spread thous of Ibs ShipTnents billed thnjip. of linear yds Unfilled orders, end of mo.thous. of linear yds_. 2,517 2,127 1,687 | Fall River Mill Dividends (Reported quarterly} j Total thous. of dollars. . Ratio to capitalization. ..per cent per quarter.. 299 .702 ---------- 1299 J. 634 641 1.440 FUR Purchases. _ Sales of garments .thous. of dollars. _ thous. of dollars . 1,063 890 4,098 626 2,483 807 45.1 11, 471 50.2 11,371 53.0 12, 117 5,043 4,389 32, 035 25, 412 6,623 5,742 913 2,344 3,878 1, 934 1,666 52.4 12, 101 41.6 12,836 43.6 12,601 45.5 12, 527 -1.1 -0.1 +15.2 -3.4 5,160 10 5,192 5,000 5,490 2, 121 4,813 +0.6 -99.5 +7.9 27, 677 21, 593 6,084 22, 611 17, 120 5,491 17, 708 13. 133 4,575 26, 207 20, 184 6,023 20,791 15, 695 5,096 17, 312 13,009 4,303 -21.7 -23.3 -16.7 +2.3 +1.0 +6.3 3,316 716 2,923 651 3,442 781 3,450 773 3,214 674 3,564 751 3,259 744 +0.2 -1.0 +5.9 +3.9 224 104, 065 59.3 226 104, 800 60.3 236 114,000 63.3 237 115, 150 63.5 254 115, 700 63.0 245 112, 380 61.1 220 103, 080 55.1 +0.4 +1.0 +0.3 +7.7 +11.7 +15.2 16, 797 22, 087 76.0 77 64 16,123 21,801 73.9 91 69 21, 162 23, 424 90.3 111 78 16, 908 19, 660 86.0 100 72 17, 605 24, 626 71.4 106 58 21, 035 28,048 74.9 94 64 19, 954 -20.1 26, 947 -16.1 74.0 ! -4.8 92 -9.9 54 -15.3 -27.0 +16.2 +8.7 +33.3 72, 417 52, 287 61, 120 69.2 62, 574 59, 845 54, 118 59.7 70,474 65, 989 55, 027 67.6 56, 399 57, 042 46, 193 53. 4 57, 304 58, 999 52, 962 53.6 59, 046 58, 610 54, 145 55.4 i 22.26 20.00 22.29 22.26 20.00 22.31 22.26 20.00 22.27 23.76 22.00 23.21 22.86 21.30 22.87 21.89 ' 20.13 1 21.70 i 19, 087 13, 087 21, 240 12, 928 23, 549 14, 288 18,054 12, 183 19, 649 14, 064 BUTTONS Fresh-water pearl buttons: Production per ct. of capacity.. Stocks, end of month thous. of gross.. IRON AND STEEL Iron Iron ore: Shipment from mines _thous. of long tons.. Consumption thous. of long tons . StocksTotal thous. of long tons.. At furnaces thous. of long tons On Lake Erie docks. thous. of long tons_. Pig-iron production: Total thous. of long tons.. Merchant furnaces thous. of long tons.. Furnaces in blast, end of month: Furnaces number Capacity. _ long tons per day . Per cent of total per cent Ohio gray-iron foundries: « Meltings — Actual . long tons Normal* _ long tons.. Ratio to normal per cent of normal Stocks, end of month... per cent of normal __ Receipts* per cent of normal.. Malleable castings: Production tons Shipments . . ..tons _ Orders booked.. tons.. Operating activity per ct. of capacity-Wholesale prices: Foundry No. 2, Northern dolls per long ton Basic (valley furnace) dolls, per long ton Composite pig iron dolls, per long ton_. | 20.76 18.63 21.53 Cast-iron Boilers and Radiators d Round boilers: Production Shipments Square boilers: Production Shipments Radiators: Production Shipments thous. of Ibs thous ofibs -6.7 -6.8 -3.3 -5.2 -7.5 -0.8 1 _. . _ i 20, 245 18, 073 ! thous. of Ibs thous of Ibs 20, 802 13, 846 19, 471 12, 736 20, 274 12, 266 19, 973 13, 514 20, 163 14, 431 20, 560 17, 657 3 60, 688 3 41, 822 3 60, 547 3 38, 848 -0.2 -7.1 *>Q ft of heating surface sq. ft. of heating surface 15, 342 10, 004 15, 360 9,770 15, 740 8,810 12 349 8,898 11, 527 9, 463 12, 625 11,565 3 37, 157 3 28, 739 3 46, 442 3 28, 584 +25.0 -0.5 Crude Steel 3,802 4, 488 Steel ingots, production thous. of long tons.. 4,150 Steel castings: « * 93, 364 4 104, 950 106.186 Total bookings short tons 41, 236 < 44, 507 5i; 557 Railroad specialties short tons Miscellaneous bookings short tons _ _ 54, 629 « 52, 128 * 60, 443 17. S. Steel Corporation: Unfilled orders, 4,883 4.617 end of month thous of long tons 4,380 14, 385 16,866 13,810 Earnings. thous. of dolls.. i Quarter ending Dec. 31, 1925. s4 Cumulative through Mar. 31. Revised. * See table, page 25 of the March, 1926, issue for earlier data. 4,124 3 752 4, 194 3,584 -8.1 +15.1 15, 723 16, 564 +5.3 85, 990 23, 564 62, 426 76, 514 35, 356 41,158 75, 537 29, 789 45, 748 74, 541 29, 861 44, 680 -18.1 -47.] +3.3 +15.4 -21.1 +39.7 325, 295 144, 687 180, 608 390, 490 160, 864 229, 626 +20.0 +11.2 +27.1 3,868 5, 285 12. 358 4,864 14, 498 4,447 -11.7 -13.0 3 39, 883 s 45, 061 +13.0 <• See table on p. 24 of the March, 1926, issue for earlier data. ° See table on p. 14 of the May, 1926, issue for earlier data. f See table, p. 27 of the May, 1926, issue for earlier data. 28 TREND OF BUSINESS MOVEMENTS—Continued The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February March 1 April, April, 1926, 1926, from | from ; March, April, 1926 1925 1925 1936 1, 171, 104 1, 242, 139 February March April 283, 290 96.5 290, 308 90.7 280, 082 87.5 -7.6 -3.4 +5.3 +4.0 159, 661 53, 717 255,080 i 235, 980 | 565, 133 151, 788 57, 714 279, 437 263, 666 550, 422 137, 499 51, 264 263, 174 193, 949 463, 425 +6.3 +1.9 -9.9 -17.9 -11.6 +34.0 +22.1 +9.7 +28.8 +1.9 594, 971 413, 823 505, 429 407, 781 510, 928 605, 424 47, 048 64, 402 57, 603 1,336,124 1, 264, 860 1, 137, 552 -3.4 -2.3 -11.9 -22.2 +1.2 +0.4 -5.6 +12.4 35.50 39. 43 2.73 2.10 0.0 -0.8 +0.4 0.0 -1.4 -2.1 -3.3 -4.8 +33. 3 +25.1 +50.0 443, 044 554, 835 308, 818 April Peicent increase (+) or decrease (-) cumulative 1926 from 1925 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 PER CENT INCREASE (+) OR DECREASE ( — ) 1S25 1928 IRON AND STEEL— Continued Crude Steel— Continued Sheets, blue, black, galvanized and full finished: Production (actual)-. .short tons._ 328, 643 299,553 i 319, 132 294,811 104.4 Production per ct of capacity 100.9 ! 91.0 94.2 Stocks, end of monthTotal short tons 165, 966 173, 381 184, 289 165, 445 62, 604 Unsold short tons_. 55, 295 51,648 61, 433 Shipments short tons _ 333, 485 290,026 j 320, 623 288, 759 Sales. ._ _ _ _ _ _ _ _ . _ - - _ .short tons _ 253. 323 181,101 304, 233 249, 866 Unfilled orders, end of month -.short tons_. 609, 203 523,882 ! 534, 641 472, 448 Steel barrels: Production barrels 468, 722 522,486 j 622, 949 602, 058 Shipments __ __ barrels - 469, 432 518, 104 622, 312 608, 056 Stocks, end of month barrels ._ 45, 390 49, 772 50, 409 44, 411 Unfilled orders, end of month barrels. _ 1, 765, 846 1,697,328 ! 1, 645, 066 1, 279, 159 Wholesale prices: Steel billets, Bessemer _.dolls. per long ton.. 35.00 35.00 35.00 35. 00 Iron -and steel dolls per long ton 39.18 38.95 ! 38.60 38.90 Composite steel dolls, per 100 Ibs 2.65 2.64 2.63 ; 2.63 Structural steel beams.. dolls, per 100 lbs_. 2.00 2.00 2.00 2.00 i 37.00 41. 13 2.83 2.10 36.70 40.70 2.76 2.10 +6.1 I ij 1, 081, 336 934, 635 I, 232, 893 988, 523 +14.0 +5.8 1, 934, 350 1, 939, 173 2, 216, 215 2, 217, 904 +14. 6 +14.4 !{ ; Steel Products Iron and steel: Exports (selected series) long tons Exports (total) long tons _ Imports _ long tons Structural steel, fabricated: Bookings (prorated) short tons.. Bookings per ct of capacity Shipments (prorated) _ .short tons . Shipments per ct of capacity Steel plate, fabricated, bookings; Total -. -. _ short tons _ Oil storage tanks short tons.. Trackwork: / Production short tons Steel furniture: Business group — Shipments thous. of dollars _ Orders received thous. of dollars Unfilled orders thous of dollars Shelving— Shipments _ _ .thous. of dollars _ Orders received thous. of dollars Unfilled orders thous. of dollars.. 586, 490 695, 659 346, 769 +32.4 +25.4 +12.3 150, 972 174, 585 71, 838 130,533 ! 142, 061 157, 187 i 169, 438 92, 681 83, 808 162, 924 194, 449 i 98, 442 77, 989 102, 299 85, 872 126, 154 155, 384 84, 376 122, 186 +14.7 155,375 i +14.8 65, 649 +17.5 179, 950 59 207, 400 68 183,000 ! 207, 400 60 68 195, 200 247, 050 64 i 81 216, 550 71 244, 000 80 176, 900 58 186, 050 61 210, 450 69 222, 650 73 231, 800 76 231, 800 76 +4.4 +4.4 -1.2 -1.2 -6.6 6 6 +5.3 +5.3 793, 000 786, 900 -0.8 817, 400 893, 650 +9.3 32, 736 6,042 20, 805 3, 32,1 22, 502 2,908 22, 430 6,547 +10.0 -7.5 +45.9 — 7. 7 92, 801 17,090 14, 362 17,925 16, 752 2,009 1,965 1,468 4 25, 077 8,165 30,809 ! 9,630 i 15, 197 16,078 | 19, 586 . 2,434 2.652 1,761 2, 184 i 2,273 1,834 2,388 2,289 1,718 2,323 2,356 1,576 1,939 1,986 1,501 2,028 2,012 1,483 578 582 585 604 656 i 634 726 584 605 699 704 571 444 539 453 540 607 515 183 134 29, 763 6, 531 4 118,385 ! +27.6 &X368 +77.7 3 3 43, 353 50,861 +17.3 +17.4 +17.1 -2.7 +2.9 83 +15.6 +19.9 +7.5 7,948 8,170 9,329 9,570 -3.7 651 567 ; +20.5 436 -5.6 +7.4 +24.2 +31.0 2,152 2,235 2, 607 +21. 1 2,526 i +13.0 Machinery Machine tools, orders .. index number _ 145 Washing-machine sales: Total .-_ number-68, 753 Electric number-54, 557 Foundry equipment: Sales dollars. _ 414, 121 Shipments dollars. _ 445, 377 Unfilled orders .. , _ _ dollars _ 501, 793 Steam, power, and centrifugal pumps: New orders thous. of dolls. . 1,353 Shipments thous. of dolls .. 1,212 Unfilled orders, end mo thous. of dolls. . 2,997 Patents issued: Total, all classes. _ number . 3,138 Agricultural implements - .number. . 63 Internal-combustion engines number. . 34 Stokers: Sales number. _ 72 Sales _ _ horsepower 36, 913 146 77,164 i 61,509 92, 832 74, 859 472,814 483, 010 422, 004 525, 655 536,978 i 504, 671 i 434, 626 402, 494 506, 214 114 134 131 66, 720 53, 038 73, 739 61, 108 77, 004 62, 925 326, 887 277, 856 446, 895 469, 325 348, 590 539, 540 345, 908 325, 952 539, 232 1,088 1,067 2, 422 1,542 1,319 2,627 1,471 1,354 1 2,975 -26.8 +2.3 2 -10.0 -23.4 +0.3 +20.7 +19.1 1, 804, 571 1, 795, 530 +24. 7 +42. 7 3 3, 778 3 3, 332 3 4, 373 3 3, 960 +15.7 +18. 8 1, 446, 845 1, 257, 979 +25. 6 +23.5 -6.1 3 3 238, 749 190, 925 197, 764 3 160, 353 1,335 1,310 2,999 1,685 1,438 3,222 3,564 55 54 3,506 72 69 4, 639 46 55 3,320 45 60 4,146 77 83 3,933 71 62 +32. 3 -36.1 -20.3 +18.0 -35.2 -11.3 14, 456 247 255 14, 847 236 212 +2.7 -4.5 -16.9 83 33, 141 132 52,312 145 i 70, 055 135 46, 298 131 71, 099 120 47, 627 +9.8 +33.9 +20.8 +47.1 443 192, 895 432 192, 421 -2.5 -0.2 -3.6 +6.7 +3.3 +8.8 289, 324 327, 171 287, 891 321, 061 -0. 5 -1.9 -4.5 +1.8 -15. 3 +14.5 +3.4 +10.0 +15.9 -15.4 i 440, 156 513, 154 256, 497 197, 560 462,612 : +5.1 527, 125 i +2.7 301, 838 ! +17.7 148, 324 -24.9 NONFERROUS METALS Copper Production: Mines .. short tons . 71, 026 68, 131 44 75, 728 68, 967 74, 901 70, 667 73,006 Smelter, . short tons. _ 80, 719 78, 576 75, 630 78, 237 87, 109 79, 149 86, 136 Kefined (North and South America) short tons.. 113,974 110, 538 4 121, 798 109, 241 116,302 109, 241 112, 434 World production, blister.. short tons.. 129, 518 134, 485 126, 185 136, 937 122, 975 124, 510 135, 359 Domestic shipments, refined short tons.. 67, 829 70, 406 88, 573 75, 030 63, 924 63, 923 64, 726 Exports short tons 33, 648 30, 506 39, 244 32, 101 44, 926 62, 728 53, 119 Stocks (North and South America): Refined short tons.. 81, 686 72, 644 j 86, 354 75,206 122, 348 Blister short tons. _ 251, 096 4 251,947 * 261, 870 265, 698 2fiO 4fifi Wholesale price, electrolytic.. dolls, per lb._ .1400 .1382 . 1371 i . 13S6 1 . 1446 i . 1400 . 1325 3 / See table, p. 13 of the May, 1925, issue for earlier data. Cumulative through Mar. 31. —3 * + 15 -1.1 +3.5 4 Revised. 29 TREND OF BUSINESS MOVEMENTS—Continued 1926 PER CENT INCREASE (+) OR DECREASE ( — ) 1925 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of I the February, 1926, "Survey" January February March April March April 260, 893 216, 019 116. 14 146, 494 145, 024 114. 54 176,962 170, 658 114. 16 394, 882 550, 333 313, 267 554, 565 263, 551 398, 594 February | 1 j CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 Per cent increase or decrease April, April, 1926, 1926, from from March, April, 1926 1925 1935 1926 cumulative 1926 from 1925 888, 364 782, 991 1, 039, 310 948, 980 +17. 0 +21.2 NONFEBBOUS METALS-Contimied Copper Products Plumbing fixtures: Sales, tubular — Quantity number Value . . dollars Wholesale price, 6 pieces dollars. . Brass faucets: Orders received number of pieces Orders shipped _ ..number of pieces 376, 875 310, 120 109. 79 239, 507 234, 164 109. 74 230, 262 217, 435 109.89 551, 408 455, 876 344, 264 351, 174 257, 336 298, 742 192, 666 187, 261 109. 21 -16.3 -13.9 -0.6 +8.9 +9.7 -4.6 3 1, 3 365, 765 1, 781, 435 3 1, 3 153, 008 1, 105, 792 -15.6 -37.9 Tin Deliveries (consumption) Stocks, end of month: World visible supply XJnited States Imports Wholesale price, pig tin long tons 7,340 6,250 6,835 7,105 7,205 7,100 6,655 +4.0 +6.8 28, 115 27, 530 -2.1 long tons.. long tons.. long tons dolls, per Ib 16, 787 2,104 7,031 .6142 16,239 3,399 6,501 .6265 14, 280 2,494 6,699 .6347 15, 516 1,354 5,912 .6196 23,591 3,949 6,117 .5652 19, 623 5,184 8,037 .5304 18, 105 2,309 4,656 .5138 +8.7 -45.7 -11.7 -2.4 -14.3 -41.4 +27.0 +20.6 27, 524 26,143 -5.0 Retorts in operation, end of month. ..number _. Production short tons Stocks, end of month short tons Ore, Joplin district: Shipments short tons Stocks, mines, end of month... short tons.. Price, slab, prime western dolls, per lb__ 96,229 56, 389 14,300 87, 651 53, 237 20,341 89, 497 54, 411 20,561 89, 333 53, 334 25, 990 87, 377 46, 811 16, 703 86,529 51, 485 17, 196 86, 674 48, 851 18, 337 -0.2 -2.0 +26.4 +3.1 +9.2 +41.7 197, 533 217, 371 +10.0 76, 579 25, 201 .0830 77,093 21, 528 .0776 71,911 24, 107 .0733 64, 722 22, 995 .0700 67, 482 25, 919 .0748 62, 808 26, 921 .0732 57, 427 27, 595 .0699 -10.0 —4 6 -4.5 +12.7 —16.7 +0.1 255, 541 290, 305 +13.6 50, 796 11,976 46, 307 104, 663 .0926 47, 604 12, 304 43, 752 105, 417 .0915 52, 331 10, 056 46, 309 112, 637 .0839 47, 610 8,435 49, 635 9,734 46, 081 104, 784 .0891 46,209 9,751 45,005 100, 963 .0801 -9.0 -16.1 +3.0 -13.5 185, 172 43, 609 138, 559 198, 341 42, 771 136, 368 -L9 -1.6 . 0797 42,237 10, 695 45, 224 105, 812 .0943 -5.0 -0.5 5,153 1,444 3,708 5,140 1, 272 3, 868 5, 861 1,008 4,853 5,229 1,412 3,817 5,165 1,061 4,103 5,644 1,248 4,396 5,126 1,198 3,928 -10.8 +40.1 -21.3 +2.0 +17.9 -2.8 21, 618 4,569 17,048 21, 383 5,136 16, 246 -1.1 +12.4 -4.7 short tons short tons 386 3,433 357 3,540 460 3,414 1,224 4,651 946 4,394 684 3,881 3 3, 148 3 1. 203 -61.8 ... __ _ __ .short tons short tons 258 5, 950 536 5,675 764 5,976 1,218 7,204 1,301 7,055 1, 210 6,913 3 3, 788 3 1, 558 -58.9 1,318 2,293 2,334 3 5, 355 3 1, 105 -79.4 539, 866 177, 758 345, 443 16, 665 563, 436 187, 722 380, 118 15, 595 560, 007 199, 812 342, 129 18, 066 2, 149, 227 752, 498 1, 313, 294 83, 439 -0.1 +2.9' -4.6 +31.2 Zinc Lead Production... short tons.. Ore shipments, Joplin district short tons Receipts of lead in U. S. ore .short tons Stocks, U. S. and Mexico, end mo. .short tons.. Price, pig desilverized (New York) dolls, perlb.. Babbitt Metal Consumption: Total apparent Direct by producers Sale to consumers Crude: Production Stocks Refined: Production Stocks thous. of lbs_. ..thous. of lbs._ thous. of Ibs. _ Arsenic _ Farm Implements Sales in Northwest....: thous. of dolls. . 7 181 7 370 7 554 Band Instruments <• Sales: Total Cup mouthpiece Saxophones Woodwind _._ ._ __ dollars.. 464, 916 dollars.. 157, 097 dollars. _ 289, 254 dollars 18, 565 533, 728 198, 628 312, 130 22, 974 2. 151, 737 731, 535 1, 376, 621 63, 580 -4.7 -0.6 -8.8 +27.2 528, 335 182. 183 326, 791 19, 361 622, 248 214, 590 385, 119 22, 539 273, 380 93, 811 134, 726 44, 843 280, 320 93, 540 144, 031 42, 749 322, 589 98, 818 172, 506 51, 265 345, 175 131, 855 185, 915 27, 405 361, 479 137, 259 165, 953 58,267 337, 214 151, 241 148, 215 37, 758 3 1,3 041, 686 421. 954 3 514, 995 3 104, 737 567, 748 489, 884 603, 372 558, 184 490, 169 366, 761 3 1, 928, 671 38, 987 820 37, 626 919 33, 702 886 -13.1 -4.3 +18. 9 +23.5 -5.2 +13.6 -14.2 -7.4 -19.0 +1.9 Electrical Equipment •' Electrical porcelain, shipments: Total dollars Standard dollars Special _ dollars High tension dollars Laminated phenolic products, shipments dollars FUELS Coal and Coke Bituminous: 46, 577 53, 662 Production -thous. of short tons 46, 137 Exports thous. of long tons . 993 1,013 1,143 Consumption— 305 330 By vessels thous. of long tons.. 423 By electric power 3,482 3,313 plants thous of short tons 3,723 8,351 By railroads thous of short tons 9,155 In production of 7,644 7,241 7,252 coke * - ---thous. of short tons Prices2.09 2.18 Mine average, spot dolls, per short ton 2.01 Wholesale, Kanawha, f. o. b. 3.39 3.49 3.39 Cincinnati . dolls, per short ton 9.34 8.99 9.48 Retail. Chicaeo.. .dolls. Der short ton_. 3 Cumulative through Mar. 31. 6 Cumulative through Feb. 28. 7 Reports of 6 firms as compared with 7 firms in 1925. 40, 079 1,094 294 315 353 3,127 7,973 3,174 8,119 2,959 7,350 6,723 6,152 6,553 6,032 1.92 2.04 1.98 1.96 -4.5 -2.0 3.39 8.39 3.39 8.50 3.39 8.48 3.39 8.41 0.0 -6.7 0.0 -0.2 401 162, 245 3,605 +11.5 3 876, 289 286, 169 451, 263 138, 857 -15.9 -32.2 -12.4 +32.6 1, 661, 004 -13.9 186, 455 4,243 +14.9 +17.7 1,459 +13.4 10, 015 « 17, 182 1,287 10, 518 6 17, 506 +5.0 +1.9 25,484 28,860 +13.2 3 -7.3 3 3 3 3 oh See table on p. 13 of the March, 1926, issue for earlier data. See table on p. 14 of the May, 1926 issue for earlier data. • See table, p. 16 of the May, 1926, issue for earlier data. 3 30 TREND OF BUSINESS MOVEMENTS—Continued The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 28 to 151 of the February, 1926, "Survey" January March February PER CENT IN- i CUMULATIVE TOTAL FROM JANUARY 1 CREASE (+) OR DECREASE ( — ) THROUGH APRIL 30 1925 1926 April February March April April, 1926, from March, 1926 April, 1926, from April, 1925 -6.5 -0.7 +12.7 +28.3 Per cent increase or decrease | 1925 1926 cumulative 1926 from 1925 28,415 1,016 19, 263 635 -32.2 -37.5 4,037 13, 307 243 4,922 14, 683 292 +21.9 +10.3 +20.2 235, 428 234, 771 -0. 3 FUELS— Continued Coal and Coke— Continued Anthracite: Production. thous. of short tons. . Exports thous of long tons PricesWholesale chestnut, New York dolls, per long ton . Retail, chestnut, New York dolls, per short ton . Coke: ProductionBeehive thous. of short tons.. By-product ._ thous. of short tons Exports thous. of long tons. . Price, furnace, Connellsville. dolls, per short ton.. 173 6 1 4 2,083 37 8,790 297 8,217 295 *7,003 289 11.49 11.48 11.48 11.75 10.95 10.76 0.0 +6.7 15.29 14.54 14.42 14.42 13.67 -4.9 +6.4 6, 886 201 7, 292 230 1,381 3,804 82 1,402 3,500 68 1,158 3,777 87 981 3,602 55 1,054 3, 125 61 1,006 3,456 66 806 3,315 53 -15.3 -4.6 -36.8 +21.7 +8.7 +3.8 7.31 7.84 3.28 3.13 4.08 3.52 3.17 -4.6 -1.3 -1.3 -2.5 -0.6 -7.2 -1.6 +8.0 -18.2 -8.7 +5.3 +9.1 24, 395 21, 499 — 11.9 -1.9 +8.7 +3.6 -9.6 228, 918 4,529 241, 330 5,015 +5.4 +10.7 0.0 0.0 42, 561 30, 266 -28.9 +1.9 +13.3 +35.3 +70.1 +6.6 +4.1 -0.5 +12.2 +5.6 -5.0 3, 373. 265 418, 627 2,566,930 3, 769, 605 579, 369 2, 982, 057 +11.7 +38.4 +16.2 3 584, 146 3 722, 626 +23.7 -8.6 +5.0 -5.8 -0.6 +0.2 -32.0 -1.0 +25.6 882, 553 517, 709 853, 619 569, 358 -3.3 +10.0 -2.8 -2.1 4, 671, 045 4, 823, 914 +3.3 +19.3 +8.7 582, 192 3 134, 556 8343,957 606,504 3 104, 406 6 337, 217 +4.2 -22.4 -2.0 Petr oleum Crude petroleum: 54,564 54, 045 60, 433 60, 669 59, 868 Production thous. of bbls.. 59, 670 61,431 Stocks, end of month309, 462 287, 975 308, 548 287, 710 291,400 308, 382 286,078 Total (comparable) thous of bbls Tank farms and pipe 257, 541 275, 935 260, 619 276, 516 256, 060 251, 898 275,928 lines thous of bbls 30, 434 32, 946 32, 613 31, 650 31, 180 32,454 Refineries - - - -thous. of bbls . 30, 781 3,689 7,216 5,580 6,375 4,688 5,906 Imports _. thous. of bbls .. 5,415 C onsumption— 56,291 52, 992 59, 407 62, 493 61, 289 59, 180 Run to stills thous. of bbls.. 61,257 1,304 990 1,089 1,164 1,130 1,117 1,567 Oil wells completed number. Mexican field24, 152 22,008 19, 673 18, 354 23,600 19, 356 Storage, Tampico thous of bbls 4 8,971 7,587 6, 900 10, 234 11,704 9,609 Shipments thous. of bbls .. 4 6, 808 1.800 1,800 1,800 1,738 1.800 1.550 Price, Kansas- Oklahoma dolls per bbl 1.800 Gasoline: 862, 574 800, 442 871, 597 Production .thous. of gals. . 948, 904 863, 525 969, 543 987, 633 99, 813 118, 854 104, 442 Exports thous. of gals.. 137, 674 132, 803 131, 282 177, 610 720, 358 779, 571 625, 053 650, 718 543, 640 798, 305 Consumption thous of gals Stocks, end of month thous of gals 1, 749, 023 1, 858, 659 1, 936, 336 1, 926, 725 1, 618, 891 1, 747, 199 1, 720, 877 .175 .180 .170 .190 4 .210 .205 Price, motor, New York . dolls, per gal . .200 192, 084 4 195, 723 260, 585 Retail distribution, 21 States.thous. of gals.. 243, 929 226, 663 252, 034 Kerosene oil: 214, 421 219, 908 Production thous. of gals.. 214, 761 197, 992 230, 378 210, 488 201, 163 118,413 117, 395 142, 144 Consumption thous. of gals.. 147, 555 131, 397 149, 565 140, 841 435, 376 456, 064 434, 674 Stocks at refineries, end mo .thous. of gals.. 287, 618 287,994 293, 907 294, 603 .084 .094 .099 .082 .090 .098 .078 Price, 150° water white dolls, per gal . Gas and fuel oil: Production thous. of gals. . 1,231,400 1, 136, 823 1, 244, 967 1, 210, 724 1, 058, 725 1, 203, 906 1, 230, 332 Consumption — 141, 562 136, 424 156, 874 By vessels ... .. thouslofgals . 157, 343 135, 728 142, 897 170, 536 30, 421 41, 766 29,344 35,008 By electric power plants.thous. of gals. . 4 43, 081 * 30, 904 169, 224 159, 209 158, 740 By railroads thous. of gals _ 180, 622 156, 595 795, 872 801, 757 860, 706 Stock sat refineries, end mo thous. of gals. 977, 178 900, 670 851, 234 830, 481 1.250 1.325 1. 114 1.181 1.210 1.381 1.031 Price,0kla., 24-26 at refineries .dolls, per bbl. Lubricating oil: 100, 503 118, 494 107, 096 Production thous. of gals.. 111, 255 101, 893 110, 182 112, 131 53, 484 90, 565 85, 314 67, 543 Consumption thous. of gals.. 69, 168 299, 689 286, 431 290,004 Stocks at refineries, end mo thous. of gals.. 316, 839 332, 176 320, 883 309, 476 Price, Pa., 600° fil., "D " .162 .154 .230 .215 .184 .180 .180 at refineries dolls, per gal AUTOMOBILES Production: Passenger cars — Total number of cars 4 284, 153 United States number of cars.. 4 272, 901 11, 252 Canada. . number of cars Trucks4 32, 735 Total number of cars 4 United States. number of cars _ 29, 757 2,978 Canada number of cars Exports: Assembled— 26,312 Total . number of cars Passenger cars . number of cars _ 21,171 5,141 Trucks number of cars From Canada— 5,159 Total number of cars.. Passenger cars number of cars 3,760 1,399 Trucks . number of cars Foreign assemblies number of cars 17,234 Accessories and parts: Shipments137 Original equipment index nos 103 Replacement parts ... .index nos . Accessories. index nos 127 115 Service parts.. _ .index nos _ 61,023 Sales thous. of dolls Exports thous. of dolls 7,161 3 Three months' cumulative ending Mar. 31. 4 4 335, 639 319, 744 15, 895 4 4 40, 878 37, 595 3,283 4 4 399, 376 381, 103 18, 273 4 4 402, 574 382, 631 19, 943 4 4 253, 955 243, 176 10, 774 4 4 4 4 4 4 393, 262 377, 747 15, 515 4 4 +4.3 +8.0 +6.7 -4.9 -14.4 +0.8 +2.4 +0.4 +1.3 +9.1 +28.5 429, 628 266, 871 435, 461 298, 531 j +1.4 +11.9 1,195,282 1,147,673 47, 609 1,421,742 1,356,379 65,363 +18.9 +18.2 +37.3 +9.4 +12.1 -22.5 +11.0 +8.3 +90.1 155, 845 148, 922 6,923 175, 586 162, 461 13, 125 +12.7 +9.1 +89.6 27, 993 23, 265 4,728 28, 833 23, 806 5,027 +11.6 +3.9 +41.8 +8.2 -2.7 +59.9 91,191 76, 302 14, 889 113, 685 88, 956 24,729 +24.7 +16.6 +66.1 5,136 4,008 1,128 11, 874 7,573 6,495 1,078 15, 433 5,894 4,760 1,134 16, 279 -62.3 -66.9 -49.6 -30.4 -44.1 +27.0 23, 777 18, 995 4,782 3 40, 382 28, 556 20,390 8,166 355,068 +20.1 +7.3 +70.8 +36.4 101 86 121 122 57, 572 5,363 138 95 159 162 65, 953 8, 450 183 107 193 149 64,837 8,163 -12.1 -12.6 -3.4 +31.8 j +5.4 -8.8 +1.5 +39.6 -31.3 254, 641 -40.6 210, 9l§ -17. 2 -9.5 +17.7 26. 740 35.766 1 +33. 8 8 Cumulative through Feb. 28. 53,268 50,272 2,996 28, 232 22, 355 5,877 27, 952 22, 278 5,674 31,189 23, 152 8,037 16, 891 14, 739 2,152 8,408 5,936 2,472 17, 547 10, 888 8,033 2,855 20, 287 4,101 2,661 1,440 160 114 139 138 55, 329 8,380 182 146 167 205 56,053 10.617 160 141 176 208 38, 514 9,608 * Revised. 334, 214 321, 200 13,014 +1.8 -5.8 -3.6 47, 983 46, 407 1,576 48, 705 44, 837 3, 868 4 4 4 -2.4 -3.5 +14.1 +33. 9 34, 481 32, 788 1,693 45, 179 43, 090 2, 089 * No quotation available. 31 TREND OF BUSINESS MOVEMENTS—Continued l 1926 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here i may be found on pages 26 to 151 of the February, 1926, "Survey'' January February March f February April CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 PER CENT INCREASE (+) OR DECREASE ( — ) 1935 March j April April, 1926, from March, 1926 April, 1926, from April, 1925 1925 1936 Per cent increase (+) or decrease (-) cumulative 1926 from 1925 AUTOMOBILES— Continued Electric industrial trucks and tractors: Shipments, domesticTractors - _ . number of vehicles _ _ 421 All other types number of vehicles.. 86 44 Exports. _ .number of vehicles Internal-revenue taxes collected on: Passenger automobiles and motor cycles thous. of dolls 9,403 Automobile trucks and wagons thous. of dolls 543 New passenger-car registrations: Total .._ .number of cars. _ 197, 136 Highest price group number of cars.. 6,530 Second highest group number of cars.. 37, 734 Third highest group.. number of cars.. 33, 159 Lowest price group number of cars 118,352 Miscellaneous ..number of cars. _ 1,361 7 ' +54.5 -29.7 -50.0 11 128 8 17 90 4 7,135 10, 147 10, 095 5, 563 5,749 11,121 -0.5 -,2 29, 032 36, 780 486 378 273 277 461 498 -27.8 -45.2 1,828 1,680 158, 817 4,053 30, 205 22, 143 98, 761 3,655 249, 971 6,931 50, 176 36, 594 149, 839 6,431 350, 533 9,144 68. 004 50,069 214, 691 8,625 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 8,824 292,364 254, 751 25, 690 11,923 282, 733 242,820 25, 893 14,020 275,028 229, 370 29, 481 16, 177 15 496 5 4 7 45 259 Ml ! 147, 740 4,968 27, 514 29, 174 85, 166 918 i 1 | i ! i +26 -8.1 6 323, 586 68,077 661,398 e 43, 569 6 203, 273 6 7, 269 8 344, 876 611,498 6 65, 248 662,333 6 203, 518 6 2, 279 +6.6 +42.4 +6.3 +43.1 +0.1 -68.6 142,324 10,113 68, 965 30,081 24,790 130,462 12,362 57, 586 31, 124 19, 299 -8.3 +22.2 -16. 5 +3.5 -22.2 5,124 3 65, 625 3 206, 848 409, 502 153, 618 4,274 3 61, 308 3 206, 637 442, 639 93,632 -16.6 -6.6 -0.1 +8.1 -39.0 6,716 30, 555 4,929 36, 306 -26. o +18.8 1,579 2,688 1, 503 2,567 -4.8 -4. 5 82, 418 2,373 3 79, 412 1,943 -3.6 -18.1 2, 251, 447 2, 515, 071 +11.7 HIDES AND LEATHER Hides Imports: Total hides and skins thous. of lbs__ 30,937 Calfskins thous. of lbs__ 2,544 Cattle hides thous. of Ibs 12,969 Goatskins thous. of Ibs 7,465 Sheepskins thous. of Ibs 5,839 Stocks, end of month: Total hides and skins. thous. of Ibs 296,046 Cattle hides .. thous. of Ibs. . 245, 820 Calf and kip skins thous. of Ibs 34,046 Sheep and lamb skins. thous. of Ibs.. 16, 180 Prices: Green salted, packers' heavy native steers dolls, per Ib .150 Calfskins, country No. 1 . dolls, per Ib .193 Leather Production: Sole leather ..thous. of backs, bends, sides.. Finished sole and belting thous. of Ibs. _ Finished upper..... thous. of sq. ft.. Oak and union harness stuffed sides.. Skivers doz Unfilled orders: Oak and union harness... sides.. Stocks in process of tanning: Sole and belting thous. of lbs__ Upper. _ thous. of sq. ft Stocks, end of month: Sole and belting ... thous. of Ibs Upper thous. of sq. ft.. Exports: Sole thous. of Ibs Upper thous. of sq. ft Prices: Sole, oak, scoured backs, heavy, Boston. _ dolls, per Ib Chrome calf, "B" grades. .dolls, per sq. ft__ -1.6 +12.4 +5.0 -12.3 +13.0 -18.3 +46.0 -29.9 i +11.7 -41.7 .142 .184 -6.6 -2.9 -19.7 -10. 3 1,313 23, 459 68, 871 108,011 38, 933 1,320 23, 775 60, 913 101, 265 29,464 -0.6 -16.2 -4.3 -12.1 +8.4 -24.4 -0.9 -12.2 -5.2 +1.6 +27.2 +47.3 0.0 0.0 -8.0 -4.2 -9.6 -10.3 -5.5 -8.1 +64.3 -5.6 31, 747 2,823 16, 125 6,493 3,758 34, 170 3,293 13, 901 9,144 4,554 297, 193 248, 673 32,547 15, 973 276, 324 230,332 31, 872 14, 120 .130 .183 .122 .170 .114 .165 .163 .215 .148 .204 1,113 21,644 73,903 4 114, 678 4 25, 338 1,106 109, 795 22, 276 1,203 20,006 67, 728 97, 767 41,244 76,324 4 33,608 3,702 14,591 8,022 5; 1*8 1,057 20,096 67, 425 112,352 24,268 998 19, 568 65, 309 105, 814 21, 750 114, 530 96, 569 111,073 80, 406 86, 918 75, 779 155, 660 78, 106 159,474 79,022 156, 956 84,898 139,046 90,047 137, 378 91,893 133, 845 115, 615 298, 189 110, 829 299,413 106, 182 303, 863 124, 265 308, 401 123, 201 319, 634 124,440 319,497 1,075 8,422 1,131 8,205 1,398 9,761 1,325 9,918 1, 752 6,763 1,870 8,392 1,042 6,731 .46 .46 .46 .46 .46 .46 .46 .46 .52 .50 .52 .50 .50 .48 4 76, 992 ! Leather Products Belting sales: Quantity thous. of ibs._ 371 380 359 429 397 361 376 Value thous. of dolls .. 610 639 640 609 729 679 663 Boots, and shoes: Production thous. of pairs. _ 23,874 4 25, 698 29,840 26, 455 29,886 29,476 Exports ...thous. of pairs.. 470 400 657 462 703 696 416 Wholesale prices— Men's black calf blucher, Mass dolls, per pair 6.40 6.40 6.40 6.40 6.40 6.35 6.40 Men's dress welt, tan calf, St. Louis dolls, per pair.. 5.00 5.00 5.07 5.00 5.00 5.15 5.15 Women's black kid, dress welt, lace, oxford dolls, per pair.. 4.00 3.60 4.15 4.15 4.15 4.15 4.15 Gloves: Glove leather— Production „,. number of skins 578, 710 663, 089 610, 014 650, 640 591, 328 563, 845 557, 211 Stocks (tanned) — In process.. . ..number of skins 1, 476, 157 1, 453, 338 1, 470, 313 1, 496, 396 1,392,075 1, 319, 780 1, 347, 439 Finished number of skins _ . 448, 748 500, 161 537, 404 549, 436 311, 005 362, 162 399, 148 Gloves, cutTotal dozen pairs.. 200, 308 205, 764 218, 961 197, 155 204, 240 210, 786 Dress and street — Imported leather _ dozen pairs. 40, 380 45, 640 35, 632 51,816 41, 175 43, 395 Domestic leather . .dozen pairs.. 26, 482 30, 370 35, 963 35, 610 31, 966 34,007 Work gloves dozen pairs.. 133, 446 129, 754 131. 182 124. 666 i 127. 455 133. 384 3 4 8 Three months' cumulative ending Mar. 31. Revised, Cumulative through Feb. 28. 3 0.0 0.0 0.0 -2.9 -13. 3 -13. 3 -9.1 +6.1 +1.8 +11.1 +2.2 +37.7 3 587, 638 3 111, 589 3 97, 148 1 3374.010 7 3 625, 033 +6.4 3 3137, 836 92, 815 3 394. 382 +23.5 -4.5 +5.4 Quarter ending in month indicated. 32 TREND OF BUSINESS MOVEMENTS—Continued 1926 PER CENT INCREASE (+) OR 1925 DECREASE (— ) The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, ''Survey" January February RUBBER Crude: World shipments, plantation long tons__ 4 49, 306 Imports (including latex) " long tons 42, 404 Consumption (quarterly) — Total 1 _._ long tons.. 78,926 For tires _. _ long tons. _ 65, 084 Stocks, end of quarter — Total ... longtons__ 48, 436 Manufacturers --long tons.. 24, 335 Dealers long tons _ 25,465 A float long tons_ _ 49, 800 Stocks, end of month — United Kingdom ... .. -long tons.. 11,111 Plantation, afloat ...long tons.. 68, 500 Consumption by tire mfrs. ..thous. of lbs._ 44, 528 Wholesale price, Para, N. Y. .dolls, per lb_. .605 48, 805 32, 865 March April 34. 544 42, 152 86, 757 73 081 February 35, 539 24,700 43, 977 33, 072 '• 58, 191 18,311 24 893 43, 204 10, 979 69,200 43. 161 '.526 45, 497 .448 3,541 7,460 2,142 3,649 8,373 2,500 4,092 9,003 3,335 5,107 10, 770 2,728 5,119 12, 818 2, 750 5,272 14, 348 3, 672 52 135 26 53 163 23 50 180 29 March April 38,326 32, 506 CUMULATIVE TOTAL | FROM JANUARY 1 THROUGH APRIL 30 April, April, 1926, 1926, from from March, April, 1926 1925 1925 1926 68, 560 ! 123, 176 | 6 6 -18.0 +6.3 87, 642 71 343 +9.9 +12.3 -1.0 +2.4 54 502 16, 272 29 982 46, 254 +20.1 -24.8 —2 2 -13.2 +6.8 +12.5 -17.0 -6.6 Per cent incre ase (+) or decrease (-) cumulative 1926 from 1925 98,111 151, 965 +43.1 +23.4 -0.8 25, 729 48,300 41, 721 .307 19, 977 49, 590 46, 366 .346 14, 270 53, 500 48, 155 .340 -3.7 -11.8 -9.0 +16.2 178, 413 176, 988 3, 904 9, 402 * 3, 500 3,681 6,696 2,835 3,957 7,132 3,392 4,005 6,816 4,014 -4.6 +4.4 +4.9 -2.5 +37.9 -12.8 15, 198 15, 186 -0.1 13,235 11,477 -13.3 8 5, 093 15, 651 3, 694 4, 755 9,767 3, 625 5,250 10, 677 4,176 5,139 10, 213 4,933 -3.4 +9.1 +0.6 -0.9 +53.2 -25. 1 19, 901 20,591 +3.5 16, 841 12, 844 -23.7 853 219 8 48 43 153 43 46 143 52 52 135 53 +6.0 +21.7 +65. 5 +1.9 +62.2 -9.4 184 208 +13.0 180 126 -30.0 +73.9 +44.8 4, 956 1, 226 2,954 -6.6 -32.3 +78.2 43, 802 .395 Tires and Tubes Pneumatic tires: Production Stocks, end of month Shipments, domestic Inner tubes: Production Stocks, end of month Shipments, domestic Solid tires: Production _ _ Stocks, end of month. Shipments, domestic . .thousands . thousands.. thousands thousands thousands.. - thousands. . thousands.. thousands.. thousands.. 8 8 8 8 8 Other Rubber Products Reclaimed rubber (quarterly): Production . .. .long tons.. i 38, 840 Stocks, end of quarter long tons.. 1 8, 827 Scrap rubber (quarterly) : Stocks at reclaimers ... long tons . . 1 86, 846 Consumption by reclaimers ... long tons.. 1 50, 256 ProductionTotal thous. of 37ds Auto fabrics .. thous. of vds._ Clothing fabrics .thous. of yds.. Rubber 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 _ _ 44,092 13, 377 25, 353 9,238 +13.5 +51.5 85, 593 52, 437 40, 045 32, 630 -1.4 +113.7 + 4.3 +60. 7 1,395 426 596 1,459 351 719 2,102 449 983 16, 574 16,709 17, 635 656 3 3 3 3 1,815 602 440 1,945 628 463 1,680 600 413 17, 627 18,329 14, 971 3 55, 126 3 50, 918 -7.6 3 3 30, 793 10, 733 3 3 28, 366 11, 113 -7.9 +3.5 90, 659 88,564 -2.3 455, 548 427, 094 -6.2 -33.3 10, 510 4,448 39, 133 8,745 2,781 44, 074 9.111 3,884 52, 179 10, 089 2,870 42, 303 9,524 4,681 44,515 9,033 5,555 46, 733 152, 957 150, 115 196, 894 25, 388 133, 389 141, 695 188, 603 22, 894 152, 454 153, 329 177, 152 24, 416 15, 860 124, 909 126, 537 177, 175 27, 560 177, 137 147, 026 207, 934 18, 896 198, 583 155, 878 256, 255 21, 740 -35.0 217, 246 215, 490 40, 542 25, 796 2.95 209, 258 208, 948 40, 518 99, 943 2.95 227, 732 227, 832 38, 922 99, Oil 2.95 102, 344 2.95 191, 142 198, 720 40, 198 104, 262 2.63 220, 184 217, 300 37, 964 120, 194 2.60 217, 590 217, 484 39, 186 88, 973 2.60 +3.4 0.0 140, 026 158, 419 139, 012 126, 428 2,489 129, 622 147, 477 128, 635 133, 219 1,416 145, 910 170, 228 142, 666 158, 400 1,475 145, 327 113, 831 131, 242 114, 048 110, 942 1,875 127, 511 153, 322 126, 269 127, 918 1,007 132, 661 151, 462 129, 881 123, 673 1,928 short tons. . 16, 338 short tons.. 125, 872 short tons.. 34, 398 per 100 Ibs.. 3.50 14, 791 127, 661 37, 771 3.50 18, 352 132, 416 34, 185 3.50 19, 478 25, 888 164, 399 33, 667 3.70 26, 414 156, 946 33, 898 3.70 29, 446 154, 912 30, 032 3.70 559 131 11, 502 94 705 144 13, 072 109 649 189 11,908 +58.8 5, 308 1,811 1,658 PAPER AND PRINTING Wood Pulp Mechanical: Production short tons.. Consumption and shipments. ..short tons.. Stocks, end of month . short t ons. . Imports short tons Chemical: Production .. short tons Consumption and shipments... short tons.. Stocks, end of month short tons.. Imports . .short tons Price dolls, per 100 lbs_- -27.0 +15.0 +13.5 I Newsprint Paper Production Consumption.. Shipments Imports . Exports Stocks, end of month: At mills At publishers.In transit to publishers Price, roll, f. o. b ...dolls, short short short short short tons tons.. tons tons . tons 144, 600 168, 463 2,392 3.50 -0.4 +9.5 503, 008 560, 885 +11.5 +1.4 +6.4 +62.6 +11.3 +36.2 +24.1 497, 058 475, 119 6,383 554, 913 586, 510 7,772 +11.6 +23.4 +21.8 +6.1 -33.9 2,637 577 47,000 2,541 577 47,590 -3.6 0.0 +1.3 0.0 -5.4 Pr in ting Book publication: American manufacture no. of titles. . Importedno. of titles Sales books, shipments thous. of books.. Printing activity .weighted index number.. 628 113 11, 108 96 1 Quarter ending Dec. 31, 1925. 3 Three months' cumulative ending Mar. 31. * Revised. 543 152 11,375 97 694 756 -7.9 -6.5 108 186 +31.3 +1.6 12, 874 11, 565 -8.9 +3.0 111 109 6 Cumulative through February 28. 8 Estimated figures. 33 TREND OF BUSINESS MOVEMENTS—Continued me The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February PER CENT INCREASE (+) OR DECREASE (— ) 1925 March April February March April CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 Per cent increase or decrease April, 1926, from March, 1926 April, 1926, from April 1925 -3.0 +1.5 -4.2 -6.7 -12.1 -3.1 -3.9 -1.3 +11.8 31, 164, 238 32, 858, 203 +11.8 815, 982 741, 798 +13.7 800, 707 702, 211 +17.8 +13.8 +18.4 774, 996 704, 158 809, 216 +16. 0 731, 792 -10.2 1925 1926 cumulative 1926 from 1925 PAPER AND FEINTING— Continued Boxboard Operation inch hours. .7, 808, 482 7, 664, 277 8, 826, 757 8, 558, 687 7, 550, 968 7, 569, 995 7, 654, 378 Operation _ per ct, of capacity 100.8 102.7 100.9 102. 4 99.3 91.6 90.5 Production tons 211, 250 191, 804 220, 515 192,413 177, 292 185, 866 179, 067 Orders received ... _ tons- 207, 657 178, 076 214, 733 206, 241 162, 724 169, 914 169, 924 Unfilled orders, end of month tons.. 118, 531 104, 518 102, 362 100, 403 79, 127 90,008 90, 062 182, 702 Consumption of waste paper tons 182, 278 208, 197 201, 819 170, 023 170, 487 170, 363 192,989 Shipments tons 190, 878 179, 772 216, 857 208, 492 176, 101 180,418 Stocks, end of month tons 47, 714 48, 472 52, 049 51, 374 53, 960 57, 212 51, 835 Stocks of waste paper, end of month: 162, 382 On hand. . . . _ tons 168, 459 172, 456 186, 530 151, 253 146, 139 176, 035 In transit and unshipped purchases. .tons.. 44, 477 53, 985 42,971 43, 745 32, 593 50,828 36, 147 +5.4 +10.0 +14.0 +10.1 +10.6 -3.4 -21.7 +18.3 +55.9 Other Paper Book paper, total: Production short tons Stocks, end of month short tons. _ Coated book paper: Production .per cent of normal production.. Shipments .per cent of normal production. _ Orders per cent of normal production. _ Unfilled orders, end of month days.. Uncoated book paper: Production.per cent of normal production.. Shipments .per cent of normal production.. Orders per cent of normal production.. Unfilled orders, end of month days.. Wrapping paper: Production short tons. _ Stocks, end of month short tons.. Fine paper: Production short tons Stocks, end of month . short tons All other grades: Production _. short tons Stocks, end of month short tons.. Total paper (inc. newsprint and boxboard) : Production short tons.. Stocks, end of month short tons.. -5.0 -1.0 +4.5 +7.5 110, 822 « 60, 915 108, 606 59,088 122, 725 56,724 116, 589 56, 137 103, 498 52,234 113, 848 51, 189 111, 571 52, 213 87 87 88 9 92 92 102 10 <94 97 91 10 92 97 82 8 101 96 100 11 100 101 102 13 100 99 91 11 -2.1 -8.0 0.0 -2.0 -9.9 -9.9 -20.0 -27.3 100 104 98 13 101 101 102 14 97 100 98 14 100 98 90 12 106 106 108 15 107 103 98 15 102 99 92 12 +3.1 -2.0 -8.2 -14.3 -2.0 -1.0 -2.2 0.0 91, 811 73, 751 83,019 68, 819 94,272 69, 100 84, 088 65, 207 87, 863 106, 525 94, 430 108, 086 90, 596 109, 060 -10.8 -5.6 39, 435 48, 663 39, 115 49, 389 42,408 50, 038 40, 855 49, 594 35,986 51,448 39,440 52, 869 38, 656 49, 290 -3.7 -0.9 106,334 69, 080 98, 647 70, 917 106, 380 72, 840 96, 308 74, 851 97,478 55, 760 103, 537 58, 102 680,841 316,461 651, 219 311,455 730, 387 319, 481 694, 417 316, 641 615, 948 345, 815 thous. of sq. ft.. 359,052 thous. of sq. ft_. 281, 753 thous. of sq. ft.. 77, 299 386, 051 304, 115 81,936 410, Oil 324, 983 85, 028 379, 259 299, 641 79, 618 81 81 81 85 87 79 81 82 77 437, 862 458,742 +4.8 -7.2 -40.2 364,400 353, 190 -3.1 +5.7 +0.6 151, 718 161, 813 +6.7 103,063 61, 820 -9.6 -6.6 •+2.2 +21.1 410,900 407, 841 -0.7 657,835 348,495 662,413 359, 041 -4.9 -0.9 +4.8 -11.8 2, 609, 748 2, 756, 914 +5.6 333,431 263, 862 69, 569 341, 769 268, 335 73, 434 330, 616 256,409 74,207 -7.5 +14.7 -7.8 +16.9 -6.4 +7.3 1,308,107 1, C16, 690 291, 417 1, 534, 373 1, 210, 492 323, 881 +17.3 +19.1 +11.1 76 76 76 78 79 75 74 76 67 -4.7 +9.5 -5.7 +7.9 -2.5 +14.9 a 287, 597 3 32, 375 3 264, 974 3 41, 324 -7.9 +27.6 4,348 14, 828 586, 767 5,141 15, 460 613,405 +18.2 +4.3 +4.5 Paperboard Shipping Boxes Production: Total Corrugated Solid fiber Operating activity: Total Corrugated.. Solid fiber per cent of normal. _ per cent of normal . per cent of normal.. 76 75 78 Other Paper Products Rope paper sacks, shipments ..index number.. Abrasive paper and cloth: Domestic sales reams.. Foreign sales reams.. Labels, orders _ .. per cent of capacity __ -9.6 89 101 115 104 127 142 126 84,825 11,461 83.8 83,795 10,956 99.8 * 96, 354 18,907 102.8 98.2 94,935 10,764 107.3 92,097 12, 029 124.9 86,484 11, 485 87.1 -4.5 +12.7 Rental advertisements: 1,278 Portland, Oreg . . .number _ 2,802 Minneapolis, Minn number.. Real estate conveyances (41 cities) number.. 147,039 1,141 2,593 133, 724 1,365 3,856 166,418 1,357 6,209 166, 224 1,008 2,624 123, 838 1,183 3,640 157,285 1,132 5,458 169, 712 -0.6 +19.9 +61.0 +13.8 -0.1 -2.1 195 197 198 201 198 200 -17.5 BUILDING CONSTRUCTION AND HOUSING Building Costs (Index Numbers) Building materials: 195 Frame house, 6-room, 1st of month 196 196 195 Brick house, 6-room, 1st of month 197 196 Concrete factory costs (Aberthaw), 1st of fol199 195 lowing month 195 Building costs (Engineering News Fecord), 207 207 1st of following month 208 Construction costs (American Appraisal Co.): 204 205 Frame index number 205 212 Brick, wood frame . . index number 213 213 199 Brick steel frame index number 199 200 Reinforced concrete .index number. . 201 201 201 3 Three months' cumulatives ending Mar. 31. 196 197 0.0 0.0 -1.0 -1.5 +2.6 199 197 195 194 0.0 207 210 210 207 0.0 205 213 200 201 204 211 204 201 204 211 205 200 202 209 204 199 u 4 0.0 0.0 Revised. 0.0 +1.5 +1.9 -2.0 +1.0 34 TREND OF BUSINESS MOVEMENTS—Continued 1936 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February PER CENT INCREASE (+) OR DECREASE (— ) 1935 March April February March April April, April, 1926, 1926, from from March, April, 1925 1926 CUMULATIVE TOTAL FROM JANUARY 1 THF.OUGH APRIL 30 1925 1926 Per cent increase ( } or tdecrease (-) cumulative 1926 from 1925 BUILDING CONSTRUCTION AND HOUSING— Continued Construction and Losses Contracts awarded (36 States) : Commercial buildings thous. of sq. ft.. 11, 191 Industrial buildings thous. of sq. ft__ 7,245 Residential buildings thous. of sq. ft__ 37, 694 Educational buildings thous. of sq. ft.. 2,170 Other public and semipublic buildings thous. of sq. ft 4,042 Grand total thous. of sq. ft.. 62, 498 Contracts awarded, value (36 States) : Commercial buildings thous. of dolls__ 67, 514 Industrial buildings. . thous. of dolls. _ 94, 415 183, 279 Residential buildings thous. of dolls Educational buildings .thous. of dolls.. 12, 736 Other public and semipublic buildings ... _ thous. of dolls __ 32, 669 Public works and utilities. .thous. of dolls.. 52, 761 Grand total thous. of dolls 443, 373 Fire losses: United States and Canada.thous. of dolls. . 41, 119 7,907 5,256 31, 853 2,928 15,431 7,033 49, 139 3,936 14, 981 5,277 51, 756 4,907 7,467 3,308 27,850 3,809 11, 772 4,836 45, 534 5,557 12, 261 6,496 51, 453 5,203 -2.9 -25.0 +5.3 +24.7 +22.2 -18.8 +0.6 -5.7 42, 419 18, 975 151, 628 16, 940 49, 510 24, 811 170, 442 13,941 +16.7 +30.8 +12.4 -17.7 3,440 51, 660 5,882 81,800 5,889 83,454 3,746 46, 861 5,571 73, 555 6,431 82, 565 +0.1 +2.0 -8.4 +1.1 18,965 251, 517 19, 253 279, 412 +1.5 +11.1 47, 319 39, 087 171, 297 19, 214 104, 113 47, 776 252, 425 28, 576 87, 895 41, 524 257, 965 37, 245 38, 825 20, 767 136, 023 20, 278 54, 871 53, 133 220, 872 42, 193 63, 969 46, 568 256, 414 33, 155 -15.6 -13.1 +2.2 +30.3 +37.4 -10.8 +0.6 +12. 3 225, 037 139, 922 740, 541 110, 965 306, 841 222, 902 864, 966 97, 771 +36.4 +59.3 +16.8 -11.9 32, 078 64, 728 373, 723 46, 627 97, 283 576, 800 50, 685 76, 940 552, 253 30, 501 52, 865 299, 260 41,917 67, 931 480, 916 51, 433 95, 432 546, 971 +8.7 -20.9 -4.3 -1.5 —19.4 +1.0 155,465 251, 690 1,623,620 162, 059 291, 712 ], 946, 149 +4.2 +15 9 +19.9 30, 964 42, 855 52, 408 32, 472 33, 347 37, 697 +22.3 +39.0 144, 726 167, 346 +15.6 -5.3 +4.9 -0.3 -4.9 +10.8 +45.2 -2.3 -8.7 -1.7 -5.3 -3.6 -26.9 +45.2 +2.6 1, 938, 634 1, 846, 564 1, 833, 446 1, 814, 229 1, 856, 245 1, 887, 952 -6.4 +0.5 +3.0 246, 701 62, 289 197, 454 19, 017 -20 0 -69.5 -14.9 -14.5 -22.0 -22. 5 0.0 -3.4 -6.7 -13.1 +17.2 -5.7 2, 097, 229 2, 123, 193 2,110,210 198, 721 2, 195, 712 2, 267, 334 2, 333, 139 256, 498 +4.7 +6.8 +10.6 +29.1 -25.7 -0.6 -26.9 +7.1 +19.0 +7.0 176, 200 152, 005 153, 627 182, 302 150, 184 177, 783 +3.5 -1.2 +15. 7 +54.6 +7.0 +7.5 +50.8 +46.6 +13.6 231, 028 333, 930 346, 608 442, 888 +50.0 +32.6 +11.4 -5.2 -2.7 +2. 3 +5.9 +17.8 484, 713 519, 347 497, 574 541, 808 +2.7 +4.3 +10.9 +4.3 +0.4 -16.7 207, 291 211, 512 193, 340 188,986 -6.7 +11.9 +23.8 +8.0 -0.3 -23.3 +11.5 +5.1 168, 163 163, 241 148, 519 149, 606 169, 968 161, 401 -n.o +14.6 -29.6 -25.5 +12.2 42, 551 31, 794 36, 395 40, 007 -38 0 +25! 8 50, 661 44, 226 +2.5 -2.1 LUMBER PRODUCTS Softwood Lumber Southern pine: Production (computed) M ft. b. m__ 446, 454 434, 400 479, 370 454, 005 453, 618 498, 442 497, 087 425, 106 474, 239 501, 153 Shipments (computed). _M ft. b. m__ 437, 159 456, 570 469, 737 492, 779 474, 287 429, 608 Orders (computed) M ft b m 435, 272 475, 836 463, 977 500, 862 473, 852 Stocks end of mo. (computed) M ft. b. m 1, 182, 790 1, 156, 211 1,178,497 1, 120, 803 1, 123, 581 1, 150, 976 1, 163, 231 51,362 Exports, lumber „_ _ M ft. b. m__ 44, 359 " 57, 304 56, 908 44, 825 61, 439 77, 831 17, 291 183 Exports, timber M ft. b. m 7,758 126 19, 219 17, 723 10, 950 47.32 Price, flooring dolls, per M ft. b. m._ 49.84 46.88 49.43 46.88 45.67 47.96 Douglas fir: 521, 062 524, 643 612,382 Production M ft b m 461, 077 539, 415 525, 986 601, 191 505, 842 Shipments (computed). _M ft. b. m__- 522, 405 577, 465 629, 392 538, 072 519, 271 577, 018 514, 795 490, 174 New orders M ft b m 567, 169 592, 685 660, 280 559, 112 590, 895 32, 850 61, 632 Exports, lumber M ft. b. m 55, 017 52, 572 61,340 78, 509 60, 446 18.50 16.50 Price, No. 1 common dolls, per M ft. b. m _ 15.50 16.00 16.50 18.50 17.50 California redwood: 41, 822 42, 413 Production (computed) M ft. b. m__ 41, 846 57, 078 51, 409 39, 584 40, 965 41, 370 40, 085 41, 616 Shipments (computed) M ft. b. m__ 33, 489 40, 904 34, 770 33, 709 35, 194 39, 390 Orders received (computed) _..M ft. b. m__ 44, 832 53, 912 39, 643 40, 900 36, 825 California white pine: 32, 614 148, 662 Production M ft. b m 47, 839 64, 884 53,978 96, 129 98, 551 123, 666 Shipments M ft. b. m 111, 987 76, 820 115, 576 88,417 84, 377 91, 759 Stocks, end of month M ft. b. m _ 573, 264 540, 585 485, 007 521, 153 495, 533 467, 330 458, 791 Western pine: 168, 427 Production (computed). M ft. b. m__ 82, 765 96, 184 164, 584 145, 951 95, 217 < 151, 165 120, 398 136, 212 Shipments (computed) M ft. b. m__ 120, 095 125, 251 * 152, 165 144, 297 129, 019 867, 676 881, 684 Stocks, end of mo. (computed) _M ft. b. m_. 1, 120, 036 1, 099, 644 41,094,537 1, 064, 537 903, 535 North Carolina pine: 54,222 55, 622 Production (computed) M ft. b. m_. 38, 584 54, 012 48, 895 56, 231 51, 639 47, 348 53, 844 Shipments (computed) M ft. b. m__ 46, 550 49, 706 45, 388 56, 217 56, 812 Northern pine: LumberProduction M ft. b. m 35, 825 36, 742 45, 493 33, 905 41, 552 59, 332 37, 546 46, 732 Shipments M ft. b m 40, 933 39, 466 39, 043 43, 260 37, 389 41, 929 41, 874 Orders received M ft b m 41, 399 42,000 35, 650 36, 128 32, 486 39, 856 Lath— Production Shipmp/nts Northern hemlock: Production Shipments 1VT ft. h. m M ft b jrt M ft. b. m M ft. b. m 9,246 8,690 16,301 14, 152 8,282 8,148 16, 633 15, 445 8,791 13, 599 10, 076 9,570 17, 727 14, 629 9,301 7,333 14, 095 13, 648 10, 781 9,357 16, 674 14,049 13, 526 8,528 3 10, 156 15, 819 49, 443 3 45, 152 3 3 +4.1 +8.7 Hardwood Lumber Southern cypress: Production • M ft. b. m 21, 903 26,354 26, 649 22, 083 Shipments _ __M ft. b. m__ 32, 005 31, 241 27, 190 29,510 New orders. M ft. b. m__ 25, 379 27, 126 22, 904 28, 619 24, 094 Unfilled orders, end of month. M ft. b. m__ 32, 856 23, 594 28, 325 Northern hardwood: Production. . _ M ft. b. m 48, 395 54, 622 51, 856 Shipments M ft. b. m 32, 696 33, 866 33, 301 Walnut lumber: 2,874 Production M ft. b. m . 3,143 3,156 Shipments __ M ft. b. m*._ 3,624 3,627 4,011 Stocks, end of month _ _ M ft. b. m 19, 071 17, 473 18, 610 Walnut logs: 2,781 Purchased M ft. log measure.. 2,076 2,559 Made into lumber and veneer __M ft. log measure-2,073 2,821 2,393 1,208 1,388 Stocks, end of month__.M ft. log measure.. 1,485 3 Three months' cumulatives ending Mar. 31. +1 1 — 13 0 -11.3 +2.1 44, 894 23,913 47, 186 25, 481 44, 732 22, 176 4,056 3,825 17, 085 4,336 3,654 17, 476 4,017 3,341 18, 232 3,472 3, 679 3,862 3,208 4,002 3,441 4,281 3,465 4,678 " 3 139, 491 3 78,511 *Revised. 3 154, 873 3 99, 863 +11.0 +27.2 35 TREND OF BUSINESS MOVEMENTS—Continued The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February PER CENT INCREASE (+) OR DECREASE (— ) 1925 1926 Per CUMULATIVE TOTAL cent FROM JANUARY 1 inTHROUGH APRIL 30 crease ( } . March April February March April April, April, I 1926, 1926, from from March, April, | 1926 1925 1936 1935 or tdecrease (-) cumulative 1926 from 1925 LUMBER PRODUCTS— Continued Hardwood Lumber— Continued All hardwoods: Production (computed) Shipments (computed) Orders (computed) Total stocksTotal hardwoods Gum . Oak Unsold stocks—• Total hardwoods Gum Oak Unfilled orders — Total hardwoods . Gum Oak ...M ft. b. m__ M ft. b. m M ft b m -2.4 -1.2 -10.0 77, 000 84, 000 81, 000 85, 000 92, 000 100, 000 82, 000 86, 000 90, 000 80, 000 85, 000 81, 000 M ft b m M ft. b. m M ft b m 765, 431 212, 922 244, 137 783, 215 226, 818 246, 619 769, 992 221, 397 247, 154 790, 558 224, 164 252, 375 689, 384 219, 501 227, 670 733, 351 228, 110 247, 669 775, 221 289, 563 258, 294 +2.7 + 1.2 +2.1 +2.0 -22.6 -2.3 M ft. b. m M ft. b. m M ft b m 592, 772 161, 851 188, 963 607, 117 174, 314 186, 202 593, 423 168, 507 184, 817 626, 807 175, 405 192, 072 554, 280 176, 546 182, 678 598, 267 185, 891 200, 116 646, 255 199, 413 215, 122 +5.6 +4.1 +3.9 -3.0 -12.0 -10.7 204, 771 68, 190 60, 433 216, 186 74, 488 66, 670 208, 965 68, 952 68, 884 173, 150 61, 955 67, 863 153, 680 49, 569 49, 851 150, 027 47, 836 51, 497 148, 068 49, 740 48, 102 _. M ft. b. m M ft b m M ft. b. m i I -7.6 +30.4 -10.1 +24.6 +41.1 -1.5 Total Lumber Production, 10 species __M ft. b. m__ 42,254,461 2, 470, 531 2, 737, 616 2, 750, 000 2, 407, 740 2, 647, 420 2, 662, 413 188, 249 173, 675 136, 124 176, 935 Exports, planks, joists, etc M ft. b. m 155, 726 156, 720 183, 701 Retail yards, Minneapolis dist.: 11,314 4 4 17, 560 14, 530 4 4 8, 084 8,597 7,524 10, 716 Sales. M ft. b. m 117, 714 115, 780 113, 283 Stocks, end of month M. ft b m 114, 046 116, 321 124, 888 110, 436 Composite lumber prices: 43.78 41.96 44.23 43.79 43.00 42.92 Hardwoods dolls per M f t b m 42.60 31.44 31.48 31.68 30.79 31.63 31.41 Softwoods dolls, per M ft. b in 31.32 +0.5 -7.7 +3.3 10, 179, 667 10, 212, 608 674, 370 647, 710 -5.5 +3.2 +4.1 44, 822 41, 367 -7.7 +35.6 +1.7 -17.3 -5.7 -2.4 +0.1 -2.2 +0.2 -3.0 -1.3 -1.5 -10.2 -15.7 +13.6 +20.3 +3.2 +48.6 +6.0 35, 269 30, 202 35, 730 31, 989 +1.3 +5.9 27, 183 33, 670 +23.9 +2.0 +11.9 -1.2 -3.2 +9.4 +21.2 -4.8 -7.2 -6.1 -10.3 165, 097 154, 712 186, 039 165, 756 +12.7 +7.1 146, 615 150, 347 +2.5 150, 138 201, 218 +34.0 Flooring Maple flooring: • Production, __ M ft. b. m Shipments M ft b m Stocks, end of month M ft. b. m Orders booked M f t b in Unfilled orders, end of month.. M ft. b. m_. Oak flooring: Production M ft. b. m_. Shipments . M ft. b. m Stocks, end of month M ft. b m Orders booked _ M ft. b. m Unfilled orders, end of month__M ft. b. m_. 8,722 7,845 6,526 9,624 7,143 29, 314 30, 447 9,221 31, 197 10, 401 10, 762 45, 171 41, 498 48, 244 34, 446 54, 161 44, 540 37, 708 54, 362 8,264 9,339 9,099 8,438 7,604 11, 761 30, 733 8,281 9,919 28, 481 7,142 12, 559 49, 599 47, 686 43, 543 57, 291 42, 267 45, 231 48, 642 43, 007 62, 656 40, 223 42, 491 42, 207 * 72, 763 57, 364 58, 484 48, 486 49, 344 83, 128 21, 720 82, 712 19, 702 7,083 33,411 9,224 8,640 7,513 29, 110 5,602 8,224 7,562 29, 775 11, 225 5,573 9,358 38, 245 34, 904 52, 804 33, 539 52, 626 41, 611 40, 564 52, 623 35, 956 46, 902 43, 473 44, 432 51, 702 43, 326 47, 349 35, 302 47, 976 42, 907 45, 037 37, 154 36, 990 81,304 83, 288 19, 592 70, 600 16, 736 3 248, 080 3 269, 448 +8.6 53,240 12,457 3 s 3 8223, 888 36, 566 -9.7 -14.3 2,460 -5.7 -8.6 Wooden Furniture Household furniture and case goods: Shipments. _ _ dolls, average per firm 53, 161 Unfilled orders dolls, average per firm.,.. 79, 602 Piano benches and stools: New orders... __ . dollars _ 103, 608 Unfilled orders end of month dollars 23,240 ShipmentsValue. dollars.. 60, 088 Quantity pieces 10, 158 23, 902 81, 688 87,344 15,810 -15.5 -15.6 +30.5 +33. 4 83,480 13, 186 80, 320 13, 222 3,763 3,938 4,232 3, 401 4,721 3,301 4,189 3,611 4,341 4,686 -2.9 -11.3 -8.6 -10.6 5,972 6,130 5,349 4,278 4,165 -20.0 +2.7 number of sets number of sets number of sets 205, 738 591, 912 371, 689 358, 733 632, 542 431, 569 451, 868 596, 824 308, 803 332, 551 492, 072 504, 087 -26.4 -17.6 +63.2 number of sets 1,023,457 970, 130 987, 222 1, 237, 374 +25.3 tin rn her of pets 1, 475, 275 1, 794, 937 1, 853, 125 1,411,589 -23.8 13,548 24. , 960 42, 685 Plywood Bookings thous. of sq. ft. of surface Shipments thous of SQ ft. of surface Unfilled ordeis, end of month thous. of sq. ft. of surface Wooden Barrels Sets of circled headings: » Production (rough) Shipments, finished Sales finished Unfilled orders, end" of month Stocks on hand, end of month i STONE, CLAY, AND GLASS Face brick (av. per plant) : 584 Production thousands Shipments thousands.. 351 Stocks end of month thousands 2,310 Unfilled orders, end of month thousands 912 Common biick: Stocks, end of month — 324, 203 Burned thousands 58, 399 Unburned thousands 108, 688 Shipments thousands 259, 158 Unfilled orders thousands 32 Plants closed down number Prinft. red. New York dolls, oer thous 16.00 3 Three months' cumlatives ending Mar. 31. 2,443 2,337 2,068 670 732 2,322 2,034 777 902 1,769 +16.0 +2 i.l -4.3 -3.2 -11.5 +32.1 1,031 1,032 1,334 949 1,091 1,140 +29.3 +17.0 355, 139 60, 014 110, 866 339, 392 69, 597 287,800 43,446 30 17.00 280, 612 17 17.00 16.00 305, 831 34, 891 110, 790 247, 176 26 14.50 281, 858 71, 266 206, 551 339, 629 6 13.50 476 373 262,481 648 628 752 798 150,485 4 Revised. 508 436 170, 697 329, 673 16 13.50 2,503 2,353 -5.9 +18.5 i See table, p. 16 of the May, 1926, issue for earlier data. 2,150 36 TREND OF BUSINESS MOVEMENTS—Continued 1926 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" PEE CENT INCREASE (+) OE DECREASE (-) 1925 CUMULATIVE TOTAL FROM JANUAEY 1 THROUGH APRIL 30 Per cent in- crease ( } or tde- April, January February March April February March April 1926, crease April, (-) 1926, from from March, April, 1926 1925 1926 cumulative 1926 1925 from 1925 STONE, CLAY, AND GLASS-Continued Brick— Continued Paving brick: ProductionActual . .thousands __ Relation to capacity per cent Shipments . _ thousands Stocks, end of month thousands Ordeis received thousands Cancellations _ . .thousands Unfilled orders, end of month.. thousands __ 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 Architectural terra cotta, bookings: Quantity _ ..net tons.. Value thous. of dolls __ 22,642 101, 955 84,637 -17.0 40, 820 47, 620 +16.7 57, 792 64, 601 +11.8 3 11, 328 3 310, 192 3, 604 3 15, 396 3 313, 375 5, 001 +35. 9 +31. 2. +38. 8 +5.9 +12.0 56, 962 58, 625 7,415 +2.9 +14.3 -3.8 400, 989 379, 320 -5.4 -0.2 443, 038 419, 054 -5.4 -5.7 +9.5 -2.5 491, 794 457, 186 228, 532 123, 182 -4.6 +1.9 -6.4 -7. (* 520, 562 476, 566 -8.5 125, 667 306, 220 120, 513 135, 767 306, 477 130, 063 -3.8 +6.6 -8.6 —13.7 +4.8 -8.3 .510, 242 451,909 -9.S 523,415 470, 496 -10.0 188,348 59,723 71, 203 191, 104 55, 595 75, 089 196, 755 52, 546 -6.3 -5.0 -15.0 -30.6 -19.6 -2.6 283, 640 205, 815 -27. 4 239, 549 217, 282 -9.3. 115,236 114, 759 280, 734 109, 136 265, 885 +2.0 -3.3 -12.0 -25.5 41, 952 35, 850 38,376 34, 143 -8.5 -4.8. 35,425 25, 496 30, 142 18, 309 -14. & 28.2 3 795, 514 3 37, 492 3 771, 563 333,332 -3.0 -11.2 36, 864 43, 616 +18. S. 27,404 20,841 22,496 28,444 -0.6 0.0 -20.9 -29.6 -12.0 -8.0 -16.3 19, 329 50 10, 237 111,431 11,454 344 48, 722 20, 170 52 9,896 115,977 12, 984 151 51, 573 4,997 4,289 1,620 7,547 4,853 4,187 1,564 7,613 5,546 4,899 13, 342 1,645 10, 742 1,402 15, 617 2,046 18,924 2,322 90, 503 130, 056 103, 500 82, 909 144, 501 87, 002 102, 284 166, 756 118, 076 103, 624 177, 778 110,476 100, 926 114, 198 232, 117 125, 168 104,982 246, 544 102,910 121, 801 245, 384 128, 349 116, 205 250, 143 120, 139 123, 085 203, 625 115,017 253, 779 123, 656 97, 797 275, 530 97, 108 121, 883 301, 070 130, 496 117, 212 321, 073 119, 236 276,333 51,922 158, 717 58, 729 46, 210 160,656 47, 147 55, 607 168, 298 60, 226 52, 076 158, 229 51, 180 3 88, 388 200, 619 89, 611 198, 326 94, 167 205, 003 96, 048 198, 203 65 72 85 7,887 Production thous. of bbls.. Shipments thous. of bbls.. 5,672 Stocks, end of month thous. of bbls. . 20, 582 Prices: 1.65 Chicago district dolls, per bbl 1.75 Lehigh Valley dolls per bbl Concrete paving contracts awarded: 8,629 Total thous. of sq. yds.. 2,161 Roads thous. of sq. yds.. Federal-aid highways under construction, end of month: 257,958 Estimated cost thous of dolls Distance . miles . 10,838 7,731 5,820 22, 384 * 10, 355 * 9, 539 « 23, 200 12, 403 8,255 19,897 11, 034 10, 279 20, 469 13, 807 14, 394 « 19, 882 +19.8 6,015 22, 491 -3.1 -10.2 -8.9 +13.2 1.65 1.75 1.65 1.75 1.65 1.75 1.75 1.75 1.75 1.75 1.75 1.75 0.0 0.0 -5.7 0.0 5,012 2,727 7,938 4,663 13, 563 5,047 3,787 8,502 5,772 17, 363 12, 463 +70.9 +87.8 -21.9 -29.7 257, 041 10, 803 256, 564 10, 691 261,132 12,344 264, 625 12, 389 261, 712 40.8 38.0 38.3 45.9 41.8 42.2 45.3 43.9 42,9 50.0 52.0 45.1 51.0 55.5 48.7 43.0 38.7 41.9 10, 729 10, 544 11, 617 8,568 9,774 57 10, 996 123, 997 21, 805 18 63,364 57 16, 491 128, 137 18, 358 749 64, 081 135, 435 21 49, 692 712 64, 091 3,708 3,270 4,014 3,891 1,357 3,859 4,260 9,506 9,075 14, 849 1,675 17, 875 2,073 +21.2 +13.5 105, 905 122, 999 110, 390 107, 766 123, 269 110, 690 +1.3 +6.6 -6.4 +44.2 121,936 225,497 125,847 123,240 78 12,217 6,932 23,188 1,162 1,817 9,358 8,336 81 18, 738 139, 223 21, 921 1,627 68, 636 62 5,613 117, 776 11,429 1,306 +50.0 +3.3 -15.8 +1.1 —54.0 -6.6 1,503 6,488 Sanitary Ware Baths, enamel: Orders shipped number Stocks end of month number Orders received _ number ._ 4 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. . M iscellaneous , enamel : Orders shipped .number . . Stocks end of month number Orders received ^ .number _. Unfilled orders, end of month: Baths number _. Small ware number Kitchen enameled ware: Furnaces operating per ct . of total . _ 93, 380 121,490 124,856 121, 519 123, 982 65, 032 299, 254 .. Portland Cement 13,112 8,758 +37.5 12,231 Glass Illuminating glassware: Net orders Actual production Shipments billed Polished plate glass: Production per ct of capacity per ct. of capacity per ct of capacity thous. of sq. ft.. 10,726 9,848 i — 7. 7 +8.9 Glass Containers l Orders and contracts: 2,803,903 2,165,756 Number of gross 102.5 85.8 Percentage of capacity Actual production: Number of gross 2, 004, 626 1,834,316 73.3 72.6 Percentage of capacity Shipments: 1, 703, 971 1, 743, 890 Number of gross 69.1 62.3 Percentage of capacity Unfilled orders: 9, 653, 591 10,017,204 Number of gross Week's supply 15.3 15.8 Stocks, end of month: 5, 906, 422 5,982,357 Number of gross _. Week's supply 9.3 9.5 3 Three months' cumulatives ending Mar. 31. I 60.1 -27.4 -24.1 1,977,438 2, 050, 734 68.3 74.2 +3.7 +8. 6 2, 056, 253 2, 179, 420 71.1 78.8 +6.0 1 +10.8 1 -5.9 -5.7 2,290,317 1, 662, 940 79.2 10,115,725 9, 522, 491 15.7 14.8 I -2.3 -2.2 5, 914, 651 5, 781, 258 9.2 9.0 i * Revised. i 1 1 See table, p. 24, of the March, 1926, issue for earlier data. 37 TREND OF BUSINESS MOVEMENTS—Continued PER CENT INCREASE (+) OR DECREASE (-) 1925 1926 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February March April February March April, April, 1926, 1926, from from March, April, 1926 1925 1995 891 -22.3 +15.5 3,561 .70 0.0 0.0 155, 163 -27.7 -19.8 April Per cent increase (+ } or decrease (-) cumulative 1926 from 1925 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 1926 CHEMICALS AND OILS* Chemicals Sulphuric acid: Exports _. thous. oflbs.. 997 668 1,325 1,029 713 940 Price, wholesale, 66°, New York dolls, per 100 Ibs. . .70 .70 .70 .70 .70 .70 Nitrate of soda: Imports _ long tons. 156,354 171,929 124,370 197,359 95,109 103, 627 Production in ChileQuantity _ metric tons 235,000 220,000 228,000 185,440 205,094 Plants operating number . . 79 89 88 88 93 Potash: Imports long tons.. 25,632 38,856 28,365 24, 827 27,062 28, 173 Acid phosphates: Production ._ short tons.. 438, 213 336, 130 341,510 276, 043 289, 667 Consumption short tons. . 192,059 559, 345 946, 712 405, 400 1,014,345 Stocks, end of month _ _ _ _ _ short tons.. 2, 394, 242 2, 140, 710 1, 540, 956 1, 947, 640 1, 238, 510 Fertilizer: Consumption in Southern States * short tons 703, 870 1, 290, 864 1, 653, 760 1,346,880 979, 261 2, 049, 427 Exports _ _ _ _ _ _ .long tons. 93, 365 60, 121 106, 850 110, 588 94, 450 78, 058 Dyes and dyestuffs, exports: Vegetable thous. of lbs._ 228 215 165 126 216 430 Coal-tar thous of Ibs 2,925 1,552 1,611 1,666 2,067 1,990 Price index number: Crude drugs index number.. 205 193 200 205 204 219 Essential oils index number.. 202 192 218 180 158 159 Drugs and Pharmaceuticals. index number.. 156 155 156 156 156 156 Chemicals index number 114 112 112 114 113 113 Oils and fats _ index number. 152 155 149 149 148 161 180, 609 84 4,018 +12.8 537,489 556, 280 +3.5 3 606, 094 3273 3 683, 000 3256 +12.7 . -6.2 20, 532 36.1 +20.9 99,007 117, 680 +18.9 932, 493 86, 201 -18.6 +3.5 +44.4 +28.3 4, 426, 134 324, 698 4, 995, 374 370, 924 +12.9 +14.2 287 2,172 -27.6 -43.0 -42.5 -23.3 1,134 8,236 734 7,754 -35.3 -5.9 197 154 156 113 154 0.0 -6.2 0.0 +0.9 -2.0 +4.1 +16.9 0.0 0.0 -3.2 3 37, 814 3 31, 790 3 38, 780 3 30, 953 +2.6 -2.6 5,731 4,660 -18.7 31,927,680 31,831,225 32,003,345 32,083,512 +3.9 +13.8 Wood Chemicals Acetate of lime: Production thous. of lbs__ 13, 189 13, 517 4 12, 074 Shipments or use thous. oflbs 9,557 11,038 4 10, 358 Stocks, end of month thous. of lbs._ 22, 161 17, 238 4 18, 969 Exports thous. oflbs 2,256 615 1,286 Price, wholesale dolls, per cwt 3.25 3.25 3.25 Methanol, crude: Production gallons 698, 263 4 631, 245 673, 837 Shipments or use gallons. 606, 565 661, 123 4 815, 824 St ocks , producers ' , end of month gallons 1,358,541 41,166,835 1, 203, 616 Purchased by refiners gallons503, 973 516, 820 583, 085 Consumed by refiners gallons 731, 466 691,730 4 756, 346 Stocks at refineries, end of month. gallons.. 656, 565 685, 995 4 750, 480 Exports gallons __ 70, 254 62, 139 39, 270 Price, wholesale, N. Y dolls, per gal._ .57 .58 .58 Canada— Consumed gallons 32, 574 39, 570 30, 561 Stocks, end of month gallons 33, 089 29, 478 40, 096 Methanol, refined: United States4 Produced gallons- 4, 596, 997 559, 505 483, 059 Stocks, end of month, at refineries gallons.. 4 637, 300 4 636, 399 4 557, 711 CanadaProduced . _ gallons 38, 070 29, 140 31, 545 Stocks, end of month gallons60,704 72, 629 69, 371 Wood at chemical plants: Consumption (carbonized) cords 72, 603 4 4 67, 114 72, 250 Stocks, end of month _ cords * 486, 102 478, 905 473, 402 Daily capacity, wood-chemical plants: Total in industry cords 4,519 4,615 4,519 4,114 Reporting cords 4,214 4 4, 154 Shut down cords 453 665 725 503 3.25 11,906 10, 126 23,072 999 3.00 12, 827 11,416 25, 149 1,098 3.00 13, 033 9,443 28, 823 1,639 3.00 -77.7 0.0 -89.3 +8.3 531, 370 633, 731 850, 999 26, 794 .55 663, 665 671,878 615, 306 594, 191 582, 665 595, 988 1,520,487 1, 870, 472 1,824,024 430, 372 581, 181 1, 785, 550 34, 321 63, 343 39, 625 .68 .68 .68 -8.9 -16.2 +13.4 -56. 9 -3.5 +23.5 +9.0 -52.3 -21. 9 -19.1 28, 072 22, 451 37, 928 65, 643 -8.1 -32.1 -26.0 -65.8 fe 525, 008 474, 701 -6.2 +10.6 623, 538 717, 853 +11. 8 -13.1 26, 995 75, 276 36, 680 68, 477 -7.4 +3.6 -26.4 +9.9 2, 135, 248 2, 813, 273 194, 049 130, 777 2,164,569 125, 750 3 202, 858 62, 880 627, 045 68, 848 672, 600 69, 387 685, 162 4, 807 4,280 363 4,807 4,488 381 4,807 4,488 391 36, 527 34, 074 31, 675 18,976 34, 211 33, 354 31, 269 20, 358 33,504 33, 727 33, 451 19, 501 6,167 37, 606 5,907 22, 831 16, 695 +222. 7 -8.4 20, 373 +2.3 198, 451 3211,967 i +4.5 1 Explosives <Black powder, permissibles, and other high explosives) Production thous of Ibs Shipments __ ._ -thous. of Ibs Sales thous. of Ibs Stocks end of month thous of Ibs 28, 789 30, 075 29, 717 16, 447 33, 886 32, 370 29, 335 16,777 36, 238 36, 469 34, 266 17, 349 Naval Stores Turpentine: Net receipts, southern ports barrels.. 6,512 3,499 4,681 Stocks, ports, end of month. barrels.. 44, 907 37, 647 26, 866 Price, southern, in barrels, New York dolls per gal 1.07 1.00 1.00 Rosin: 20, 196 Net receipts, southern ports barrels.. 36, 466 31, 082 Stocks, ports, end of month barrels 199, 121 169, 140 117, 182 Price, common to good (B), New York dolls, oer bbl.. 14.34 11.10 13.33 *k Quarterly data on fats and oils appeared in the reprint of the survey for the See table, p. 17 of the May, 1926, issue for earlier data. 3 Three months cumulatives ending Mar. 31. < Revised. 11, 291 24, 619 .97 .94 .92 40, 643 94, 035 49, 322 199,,896 50, 137 171, 197 8.09 8.28 8.91 week of May 24, 1926, p. 4. 3 104, 217 3102,724 3 97, 485 -32.4 +20.8 -3.0 +1.0 57,080 +101. 2 154, 244 -19.8 -28.8 -39.0 .96 7.95 -19.7 +12.1 37, 160 207, 818 3 98, 903 3 98, 914 3 93, 318 -5.1 -3.7 -4.3 25, 983 i -30.1 128, 387 -38.2 38 TREND OF BUSINESS MOVEMENTS—Continued 1926 1935 PER CENT INCREASE (+) OR DECREASE (— ) March April, April, 1926, 1926, from from March, April, 1926 1925 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 The cumulatives shown are through ( April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" Per cent increase January February 18, 195 4,641 17, 829 4,279 25, 061 5,943 7,470 57, 657 7,073 57, 747 4,631 45, 890 22, 585 20, 721 9,327 6,61(5 2, 359 4,631 578 2,407 21, 501 8, 132 5,972 2,127 4,169 416 2,705 21, 481 Cottonseed stocks, end of month. _. tons _ 1, 099, 371 Cottonseed oil: Stocks, end of month thous. of lbs__ 128, 967 Production thous. of Ibs 227, 433 Price, yellow prime, New York dolls. p e r l b _ _ .11 March April February April 1925 1936 ort> decrease (-) cumulative 1926 from 1925 54, 386 61, 085 +12. 3- 22, 428 249, 831 23, 833 220, 228 +6.3 -11.8 CHEMICALS AND OILS-Continued Roofing Dry roofing felt: Production Stocks, end of month tons tons.. 15, 658 3,713 18, 652 3,813 19, 788 4,362 4,880 52, 617 5,392 79, 213 2, 702 58, 556 22, 413 17, 288 19, 729 18, 941 s 56, 194 3 65, 719 +17.0 8,925 6,522 2,263 4,834 513 2,347 21, 268 20, 445 6,698 4,993 2, 033 3,963 385 1,783 15,846 7,301 5,663 2,086 4,447 396 2,040 20, 125 7,099 5,607 2,764 4,519 362 1,860 17, 090 -3.9 3 21, 641 3 316, 198 6, 367 3 12, 413 3 1, 249 3 6, 053 72, 170 3 26, 384 3 19, 110 3 6, 749 3 13, 634 3 1, 507 3 7, 659 84, 695 +21.9 +18.0 +6.0 +9.8 +20.7 +26.5 +17.4 744, 296 415, 277 150, 765 598, 021 323, 806 144, 235 -63.7 +4.5 121, 606 188, 549 90, 621 151, 633 58, 076 94, 629 127, 423 158, 014 88, 015 116, 571 * 70, 313 4 77, 717 -35.9 -37.6 -17.4 +21.8 562, 741 662, 244 +17. 7 .11 .12 .12 .11 .11 .11 0.0 +9.1 379 422 1,719 533 292 1,370 474 303 1,167 859 425 1,036 780 391 767 489 253 635 -11.1 +5.5 -14.8 -3.1 +21.7 +83.8 3,609 1,566 1,899 1,342 -47.4 -14.3 -0.7 Fats and Oils Total vegetable oils: Exports _ thous. of Ibs Imports thous. of Ibs Oleomargarine: Production thous. of lbs__ Ingredients consumed in production*— Coconut oil thous. of lbs__ Milk__ thous. of Ibs Neutral lard__ thous. of Ibs _ Oleo products ..thous. of Ibs Peanut oil thous. o f l b s _ _ Cottonseed oil . .thous. of Ibs Consumption thous. of Ibs 4,659 58, 934 +0.6 +28.4 +72.4 +0.6 +19.6 Cottonseed 4 Flaxseed Minneapolis and Duluth: Receipts thous. of bushs _ Shipments thous. of bushs.. Stocks thous. of bushs.. Linseed oil: Shipments from Minneapolis thous of Ibs Linseed-oil cake: Shipments from Minneapolis thous. of lbs__ 513 320 2,026 12,401 10, 545 11, 141 11, 061 14, 468 14, 810 14, 043 26, 501 20, 330 10, 464 8,902 29, 847 20, 933 15, 680 49, 473 111,121 21. 640 12, 358 44, 686 106, 748 16, 188 9, 874 37, 385 100,446 15, 101 11, 465 30, 780 94, 500 14, Oil 10, 290 74, 167 76, 187 19, 923 16, 168 63, 327 75, 048 17, 260 18, 367 2,411 5,452 1,700 4,613 3,770 6,900 2,533 6,285 7,387 11,613 13, 199 14, 002 14, 710 5, 526 1.84 1.87 1.77 1.85 1.63 1.68 1.67 1.69 40, 358 6,347 34, 573 6,466 37, 850 7,249 7,429 -21.2 58, 041 45, 148 -22.2 -14. 9 -43.2 97, 686 66, 197 -32.2 47, 864 58, 212 10, 422 14, 226 -17.7 -5.9 -7.2 -10.2 — 35. 7 +62.4 +34.4 -27.7 72, 339 68, 625 67, 510 43, 987 -6.7 -35. & 9, 961 16, 203 8, 304 12, 722 -32.8 -8.9 -69. 5 -50.6 34, 136 53, 468 10, 414 23, 250 -69. 5 -56. 5 4,146 4,423 4,953 -62.4 +11.6 19, 625 47, 437 +141. 7 1.84 1.98 1.69 1.77 1.55 1.70 +2.5 +0.6 +7.7 -0.6 37, 720 7,037 33, 548 7,552 31, 066 5,585 FOODSTUFFS Wheat Production, monthly estimate: 6 Winter. thous. of bushs.. Visible supply: United States. __ .thous. of bushs. Canada. thous. of bushs.. Receipts, principal markets. .. thous of bushs.. Shipments, prin. markets thous. of bushs__ Exports: United StatesWheat only. thous. of bushs Including wheat flour, thous. of bushs.. Canada— Wheat only thous of bushs Prices: No. 1, northern, Chicago. .dolls, per bush.. No. 2, red winter, Chicago-dolls, per bush.. 548, 908 398, 486 Wheat Flour Grindings of wheat: United States ( Census) _ .thous. of bushs Canada thous. of bushs. _ Production: United States, actual (Census) _ ..thous. of bushs.. United States, prorated (Russell) thous. of bbls_. Canada thous. of bbls Production, grain offal thous. of lbs__ Capacity operated, flour mills per cent.. Consumption, wholesale (computed)... _ thous. of bbls.. Stocks, all positions, end of month thous. of bbls Exports: United States -thous. of bbls.. Canada thous. of bbls.. Wholesale prices: Standard patents, Minneapolis dolls, per bbl Winter straights, Kansas City dolls, per bbl_. 8,679 10, 287 6,347 728, 335 54 3 116, 278 3 27, 866 -4.3 8,251 8,248 7,347 6,781 3 25, 448 3 24, 359 10, 189 7,037 648, 197 53 9,297 7,552 576, 955 43 8,183 5,585 536, 263 40 3 31, 191 328,999 -7.0 31,987,641 32,035,900 +2.4 8,635 9,707 9,801 8,360 7,429 7,000 6,600 6,100 6,850 6,400 6,200 676 717 647 842 695 1,302 834 682 939 834 1,387 1,385 955 710 +20.0 -47.6 -12.7 -3.9 9.41 9.14 8.81 8.76 9.85 9.04 8.25 -0.6 +6.2 7.88 8.00 * See table, p. 25 of the March, 1926, issue for earlier data. 7.51 8.67 7.97 7.04 -4.7 +6.7 -28.0 8,811 9,901 7,249 6,466 625, 503 . 682,062 47 50 9,513 8.34 -3. a 3 112, 781 3 20, 062 3 Three months' cumulative Mar. 31. 3 28, 178 3 27, 855 -1.1 4,269 4,049 2,852 3,695 -33. 2 -8.7 * Revised. TREND OF BUSINESS MOVEMENTS—Continued 1926 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February PER CENT INCREASE (+) OR DECREASE (— ) 1925 March April February March April April, April, 1926, 1926, from from March, April, 1926 1925 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 1926 1925 Per cent increase (+) or decrease (-) cumulative 1926 from 1925 FOODSTUFFS— Continued Corn Exports including meal thous. of bushs Visible supply thous. of bushs __ Receipts, principal markets.. -thous. of bushs. _ Shipments, prin. markets thous. of bushs.. Grindings (starch, glucose) thous. of bushs_. Prices, contract grades, No. 2, Chicago dolls, per bush 4,823 29, 519 30, 851 10, 268 7,191 2,918 35, 688 25, 596 9,906 6,709 2,270 59, 650 19, 994 9,566 7,431 2,210 34, 937 13, 166 9, 927 5,611 704 34, 199 21, 274 12, 270 6,198 89 36, 526 24,916 13, 692 5,672 1,109 25, 253 10, 224 14, 243 5,240 2 g -41.4 -34.1 +3.8 -24.5 +99.3 +38.3 +28.8 -30.3 +7.1 .80 .77 .74 .73 1.24 1.17 1.08 -1.4 -32.4 14,948 66, 284 1,447 11, 128 61, 896 873 11, 622 56, 217 810 13, 762 48, 704 3,043 14, 110 76, 519 843 12, 851 67, 509 1,006 .43 996 .41 894 .41 904 .42 .57 659 .49 689 .45 672 13, 994 11, 898 11, 208 7,133 7,469 7, 358 3,034 6,971 783 2,588 7,919 311 2,958 5,322 436 2,528 4,436 i 734 4, 210 3, 850 881 3,359 3,834 864 2,038 2,773 934 -14. 5 16 6 +68.3 +24.0 +60.0 -21.4 .72 .70 .66 .69 1.00 .92 .88 +4.5 -21.6 1,520 6,236 197 1.05 1,082 5,871 186 .97 1,032 13, 079 369 .86 1,301 1 13, 271 1,424 .89 2, 823 19, 489 944 1.58 833 18, 168 2,408 1.35 1,506 +26.1 11,411 +1.5 10, 749 +285. 9 +3.5 1.12 -13.6 +16.3 -86.8 -20.5 12, 702 8,901 10, 785 13, 696 14, 984 21, 376 26, 310 -47.9 80,208 2,798 12, 221 +336. 7 93, 452 54, 495 23, 861 89, 607 39, 667 26, 942 62, 114 51,460 -17.2 3,700 6,173 +66.8 -4.1 -27.2 +12.9 Oats Receipts, principal markets thous. of bushs Visible thous. of bushs Exports, including meal ..thous. of bushs.. Prices, contract grades, Chicago dolls, per bush.. Grindings, Canada ..thous. of bushs.. Production, oatmeal and rolled oats, Canada -thous. of lbs_. Other Grains Barley: Receipts, principal markets thous. of bushs.. Visible supply 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. of bushs _. Visible supply m thous. of bushs __ Exports, including flour__.thous. of bushs.. Price, No 2, Chicago dolls, per bush 44, 791 11, 679 +18.4 +17.8 50, 995 -13.4 4 5 917 +279. 0 +231. 8 +2.4 -6.7 2,227 2,794 +25.5 25, 761 37, 100 +44.0 14, 547 11, 108 -23.6 4,201 2,264 -46.1 7,296 4,935 -32.4 15, 309 2,176 -85.8 46, 084 -42.5 48, 696 Total Grains Total grain exports, incl. flour.thous. of bushs. _ +27.0 Bice Southern paddy, receipts at mills.bbls.. 1, 019, 566 477, 583 210, 515 194, 321 197, 214 43, 129 Shipments: Total from mills . pockets (100 Ibs.) __ 911, 578 608, 600 498, 419 471, 143 543, 246 496, 485 New Orleans pockets (100 Ibs.) 72, 805 131, 393 176, 229 122, 908 128, 858 118,163 Stocks, end of month, mills and dealers pockets (100 Ibs.) _. 2, 168, 554 2,052,144 1, 824, 807 1, 556, 393 1,559,679 1, 059, 649 Imports _ pockets (100 Ibs.) 108, 464 194, 576 156, 964 190, 036 78, 493 98, 554 Exports pockets (100 Ibs.) _. 55, 739 48, 248 65, 490 114, 109 35, 926 79, 085 Paddy at California warehouses: Shipments . . sacks.. 214, 777 107, 495 116, 952 238, 209 | 19, 072 92,302 Stocks, end of month sacks 1, 120, 715 1, 005, 396 920, 259 651, 901 532,886 375, 675 Total movement to mills sacks or bbls.. 1, 234, 343 585, 078 327, 467 432, 530 i 216, 286 135, 431 Other Crops Apples: Cold-storage holdings, end of month thous. of bbls Car-lot shipments _ carloads Potatoes, car-lot shipments carloads Onions, car -lot shipments _. carloads Citrus fruits, car-lot shipments carloads Hay, receipts tons 7,051 6,078 15, 817 2,524 9,703 98, 998 5,300 6,622 14, 553 2,248 8,399 72, 139 34, 465 389, 915 95, 082 674, 106 60, 728 63, 246 -7.7 +463. 8 723, 114 +20.8 +29.3 2, 410, 840 561, 920 -14.7 +130. 9 -17.4 +158. 5 -45.1 -43.2 279, 252 365, 419 -5.5 30 3 121, 477 +103. 7 +96.1 257, 570 -29.2 +153. 1 155, 942 +32.1 +177. 4 1, 901, 985 +163. 0 2, 489, 740 503, 335 +3.3 -10.4 650, 040 +132. 8 205, 403 -43.8 260, 918 677, 433 +159. 6 984, 032 2, 579, 418 +162. 1 3,314 6,084 19, 577 1,806 11, 559 73, 286 1,655 3,990 13, 718 1,924 10, 894 66, 037 3,761 3,802 19, 886 1,984 10, 402 69, 869 2,288 3,244 20, 862 1,533 11, 309 74, 305 1,143 2,216 19, 532 2,900 10, 417 45, 985 -50.1 -34.4 -29.9 +6.5 -5.8 -9.9 +44.8 +80.1 -29.8 -33.7 +4.6 +43.6 14, 242 81, 439 9,130 44, 164 22, 774 63, 665 8,502 40, 555 +59.9 -21. 8 -6.9 -8.2 1,811 572 184 1,221 1,711 603 202 1,113 1,530 555 176 967 1,860 645 230 1,179 1,827 664 271 1,163 -5.6 +5.4 +9.8 -8.8 -6.3 -9.2 -25.5 -4.3 7,086 2,572 884 4,459 6,913 2,382 783 4,491 -2.4 -8.4 -11.4 -0.7 450, 058 456, 197 12, 996 450, 142 346, 086 387, 219 8,652 425, 740 438, 123 8,476 431, 009 450, 644 12, 004 0.0 +4.4 +4.2 -8.2 -0.7 1, 683, 527 1, 757, 569 38, 544 1, 753, 938 11,919 41, 862 +8.6 « 70, 781 59, 928 130, 809 116, 318 96, 223 9.69 .160 .150 9.13 .160 .152 10.20 .183 .148 9.99 .183 .153 Cattle and Calves Cattle movement, primary markets: Receipts thousands. _ 1,840 1,551 Shipments, total. _ .thousands 675 532 Shipments, stocker and feeder. .thousands.. 225 172 Local slaughter thousands 1,144 1,013 Beef products: Inspected slaughter product. -thous. of lbs__ 458, 376 395, 362 Apparent consumption °_ ..thous. of Ibs _ 462, 650 397, 616 Exports thous. of Ibs 8,574 8,373 Cold-storage holdings, end of month thous. of Ibs.. 80, 538 77, 690 Prices, Chicago: Cattle, corn-fed. .dolls, per 1001bs__ 9.88 9.69 Beef, fresh native steers dolls, per lb__ .170 .163 Beef, steer rounds, No. 2 dolls, per lb_. .147 .150 » See table, p. 29 of the May, 1926, issue for earlier data. 9.47* .183 .135 -15.3 -5.8 0.0 +1.3 -37.7 8.6 -12.6 -0.7 • See table, p. 23 of the March, 1926, issue for earlier data. 4 Revised. 40 TREND OF BUSINESS MOVEMENTS—Continued 1926 The cumulative* shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" March January February PER CENT INCREASE (+) OR DECREASE (-) 1925 April February March April CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 April, April, 1926, 1926, from from March, April, 1925 1926 1935 1936 Per cent increase ( } or tde* crease (-) cumulative 1926 from 1925 FOODSTUFFS— Continued Hogs and Pork Hog movements, primary markets: Receipts thousands . Shipments, total . thousands.. Shipments, stocker and feeder. .thousands.. Local slaughter thousands.. Pork products, total: Inspected slaughter product, .thous. of lbs_ . Apparent consumption0 thous. of lbs__ Exports thous. of lbs__ Cold-storage holdings, total, end of month thous. of lbs__ Fresh and cured in storage, end of month thous. of lbs__ Lard (included in pork products): Production thous . of lbs_ _ Exports ... thous. of lbs._ Cold-storage holdings, end of month .thous. of Ibs. , Prices: Hogs, heavy, Chicago dolls, per 100 lbs._ Hams, smoked, Chicago dolls, per lb_. Lard, prime contract, N. Y... dolls, per lb_. 4,304 1,581 65 2,721 3,372 1,345 58 2,035 3,579 1,428 56 2,144 3,135 1,264 54 1,871 4,558 1,580 35 3,010 3,528 1,239 52 2,285 3,246 1,199 41 2,039 -12.4 -11.5 -5.6 -12.7 -3.4 +5.4 +31.7 -8.3 17,437 6,194 166 11, 244 14,390 5,618 233 8,771 802, 879 566, 918 130, 829 604,958 429, 713 109,764 649, 871 511,952 104, 679 572,037 726, 051 483,364 114,706 547, 772 462,563 123,281 519,331 450, 801 83,215 -12.0 +10.1 -4.2 +20.9 2,743,892 2,020,640 465,423 2, 629, 745 -3.9 445, 891 -4.20 620,229 685,992 4 719, 702 703,359 1, 017, 282 979, 739 965, 688 -2.3 -27.2 556, 042 609,847 4 626, 594 605,044 865,355 829, 557 814, 189 -3.4 -25.7 162, 314 76, 670 126,905 65, 356 138, 567 64,259 126, 415 63,160 161, 697 60,363 115, 016 63,281 113, 277 44, 447 -8.8 -1.7 +11.6 +42.1 584, 179 246, 531 554, 201 269, 445 -5.1 +9.3 64, 187 76, 145 93, 108 98,315 151,927 150, 182 151, 499 +5.6 -35.1 11.63 .278 .157 12.05 .288 .152 11.49 .295 .150 11.74 .301 .145 11.15 .231 .161 13.48 .269 .171 12.58 .282 .161 +2.2 +2.0 -3.3 -6.7 +6.7 -9.1 1,548 694 155 856 1,486 863 89 615 1,695 695 83 1,001 1,502 698 124 801 1,388 675 119 711 1,504 670 94 836 1,541 704 109 833 -11.4 +0.4 +49.4 -20.0 -2.5 -0.9 +13.8 -3.8 5,900 2,737 460 3,166 6,231 2,950 451 3,273 +5.6 +7.8 -2.0 +3.4 42, 684 42,526 40, 946 40, 016 47, 611 47, 676 40, 318 34, 945 34,953 40, 572 40, 710 40, 610 40, 680 -15.3 -0.7 155, 782 156, 618 171, 559 +10.1 2,354 3, 346 3,289 2,392 2,294 2,090 1,998 -26.4 +19.7 7.89 14.84 7.89 13.28 7.70 12.73 8.53 13.53 8.44 17.27 9.18 16.05 7.92 14.16 +10.8 +6.3 +7.7 -4.4 57, 168 54, 825 52, 399 48, 165 101, 163 94, 128 87,090 -8.1 -44.7 Production, inspected slaughter _. thous. of lbs__ 1, 303, 939 1, 041, 264 1, 147, 540 1, 062, 497 1, 107, 082 1, 014, 084 990, 950 Cold-storage holdings, end mo_ -.thous. of lbs__ 760, 289 821, 853 4 846, 171 813, 844 1, 251, 548 1, 192, 275 1, 150, 999 Apparent consumption ° thous . of Ibs _ _ 1, 072, 094 867, 345 1, 015, 825 941, 396 905, 536 942, 125 -7.4 -3.8 +7.2 -29.3 4, 583, 201 4, 555, 240 -0.6 77, 159 77, 576 +0.5 4 100, 619 -18.5 -9.3 +40.4 22 0 Sheep and Lambs Sheep movement, primary markets: Receipts thousands.. Shipments, total thousands. _ Shipments, stocker and feeder.. thousands.. Local slaughter thousands. _ Lamb and mutton: Inspected slaughter product. .thous . of lbs_ . Apparent consumption0 thous. of lbs__ Cold-storage holdings, end of month . .thous. of lbs__ Prices: Sheep, ewes, Chicago dolls, per lOOlbs.. Sheep, lambs, Chicago. -dolls, per 100 lbs__ Miscellaneous meats: » Cold-storage holdings .._ thous. of lbs__ 4 [ Total Meats 3, 934, 827 Poultry Receipts at five markets Cold-storage holdings, end of month thous. of Ibs. _ 26, 765 19, 181 thous . of Ibs . . 108, 512 95,397 17, 638 13, 992 19, 900 15, 318 13, 539 -20.7 +3.3 73, 124 52,776 130, 513 108, 608 82, 732 -27.8 -36.2 23,751 24, 894 18, 539 16, 117 18, 181 44,034 23,708 29, 865 18, 143 22, 442 -21.9 -35.3 +2.2 -28.2 71, 060 70, 690 -0.5 46,077 45, 501 35, 181 40,725 42, 141 -1.2 +8.0 155, 828 170, 509 +9.4 17, 392 142, 617 .408 17, 490 .392 28,789 127, 753 .412 10,875 143, 108 .467 3,739 150, 604 .437 15, 056 15, 531 12, 845 14, 898 15, 436 +3.2 +0.6 59, 381 59, 009 +1.1 38, 041 43, 778 .222 35, 589 27, 716 39, 245 .226 28, 147 35,860 .224 -6.4 +36.1 .200 34,647 33, 743 .229 -9.9 -10.7 1,741 4 872 2,087 3,717 1,177 21 1,846 1,240 2,563 +19.9 4,872 +326. 3 -18.6 -23.7 6,204 5,804 -6.4 12,321 5,956 13, 554 5,537 17, 585 5,683 2,628 2,407 2,961 5.88 1,702 2,557 2,674 5.88 8,273 2,504 3,757 5.88 -1.9 -0.7 14, 093 14,837 +5.3 4 Fish Total catch, prin. fishing ports.. -thous. of Ibs. _ Cold-storage holdings, 15th of mo .thous. of Ibs.. Dairy Products Butter: Receipts, 5 markets. thous. of Ibs. _ Cold-storage holdings, creamery, end of month thous. of lbs_. Apparent consumption ..thous. of lbs_. Wholesale price, 5 markets.. .dolls, per lb_. Cheese: Receipts, 5 markets thous. of Ibs _ Cold-storage holdings, American, end of month, --thous. of Ibs. . Apparent consumption » thous. of Ibs.. Wholesale price, 5 markets.. .dolls, perlb.. Eggs: Receipts, 5 markets thous. of cases.. Cold-storage holdings thous. of cases. . 13, 644 48, 181 14, 756 37, 378 39, 424 39, 507 39, 381 138,165 .447 26,313 131, 461 .449 14, 854 13, 568 50,339 39, 057 .245 42, 587 37, 214 .243 906 578 1,070 77 4 4 4 Milk Condensed milk: Manufacturers' total stocksCase goods thous. of lbs_- 22,889 19, 142 • 17,008 Bulk goods ._ thous. of lbs_. 6,081 8,841 5,718 Manufacturers' unsold stocksCase goods thous. of Ibs.. 17, 592 14,909 11, 723 Bulk goods ._ thous. of lbs._ 3,822 3,217 6,887 Exports thous. of lbs__ 3,733 3,777 3,642 Wholesale price, New York. dolls, per case.. 5.95 6.00 5.95 * Revised. » See table, p. 29 of the May, 1926, issue for earlier data. 3,685 5.92 I +0.6 +367. 8 -3.9 +1.2 -0.5 -10.3 ° See table, p. 23 of the March, 1926, issue for earlier data. See table, p. 20 of the April, 1926, issue for earlier data. 41 TREND OF BUSINESS MOVEMENTS—Continued 1926 The cumulative* shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" PER CENT INCREASE (+) OR DECREASE (— ) 1925 March April, 1926, from March, 1926 April, 1926, from April, 1925 93,000 9,490 4.08 +17.9 -0.5 5,091 3,349 296 5,877 3,652 205 0.0 14, 149 2,281 16,472 2,603 16, 663 2,500 21,356 24, 411 24, 290 116, 390 372,911 413, 742 123,302 140, 991 446,354 539, 058 184, 668 171, 490 486, 599 542, 264 282,892 January February 107,304 92,974 89, 195 72,460 91,309 117, 321 82, 897 5,962 4.72 70, 187 4,701 4.44 63,728 7,858 4.38 9,261 4.36 42, 187 6,700 4.18 64, 936 6,417 4.16 5,726 4,370 203 5,774 3,730 190 285 285 5,381 3,536 293 16, 010 2,522 14, 876 2,320 17,123 2,639 27, 188 26, 126 April February March April CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 Per cent increase (+) or decrease (-) cumulative 1926 from 1925 1925 1926 -2.4 +6.9 28,559 27, 782 -2.7 +39.0 1,129 963 -14.7 +21.8 +7.0 +1.6 -5.4 -6.4 -14.3 +59.2 +63.3 482, 259 1,580,374 1, 794, 104 536, 741 1, 581, 615 1,774,350 +11.3 +0.1 -1.1 FOODSTUFFS— Continued Milk— Continued Evaporated milk: Manufacturers' total stocks, case goods thous. of lbs_. Manufacturers' unsold stocksCase goods _thous. of lbs__ Exports thous. of lbs_. Wholesale price, New York .dolls, per case.. Powdered milk: Manufacturers' total stocks. -thous. of lbs_. Manufacturers' unsold stocks thous. of lbs_. Exports thous. of Ibs. _ Fluid milk: ReceiptsBoston (incld. cream) thous. of qts__ Greater New York thous. of cans.. Production— Minneapolis district (excluding cream) thous. of Ibs Sugar Raw: Imports— From Hawaii and Porto Rico.long tons.. 58,309 From foreign countries long tons.. 233, 867 Meltings, eight ports long tons _ 367, 439 Stocks at refineries, end mo long tons.. 89, 144 Receipts, domestic at New Orleans long tons.. 28,386 Refined: Exports, including maple long tons.. 6,553 Prices: Wholesale, 96° centrifugal, N Y dolls, per Ib .042 Wholesale granulated N Y dolls per Ib .051 Retail granulated N Y dolls, per Ib .058 Retail, average, 51 cities index number.. 122 Cuban movement: Receipts at Cuban ports _ _ .long tons 611, 099 Exports long tons.. 379,723 Stocks end of month long tons 364, 430 Coffee Imports _ . Visible supply: World TJnited States Receipts, total, Brazil Clearances: Total, Brazil, for world Total, Brazil, for U. S Imports Tea 144, 273 434, 261 444, 259 178, 803 150, 677 453, 158 497, 912 290, 061 183, 482 460,329 464, 740 461, 857 1,980 258 136 403 432 518 -47.3 -73.7 4,349 9,645 16, 141 11, 195 14,108 21, 455 20, 284 -30.6 -44.8 62, 903 43,534 -30.8 .042 .052 .060 122 .040 .049 .059 122 .041 .052 .058 120 .046 .058 .070 140 .047 .059 .069 140 .045 .056 .067 136 +2.5 +6.1 -1.7 -1.6 -8.9 -7.1 -13.4 -11.8 769, 537 920, 480 757, 373 445, 215 454, 631 465, 263 684, 263 1, 107, 066 1, 452, 146 833, 934 504, 146 623, 658 3, 184, 419 2,093,304 3, 058, 489 1, 744, 832 -4.0 -16.6 541, 345 +31.9 876, 210 836, 676 536, 148 677, 797 802,936 1, 158, 245 -17.7 -9.5 +2.3 13.2 +31.2 +25.4 30, 760 +607. 3 thous. of Ibs 143,268 122, 965 146, 048 129,064 79, 992 135, 167 86,097 -11.6 +49.9 410,304 thous of bags thous of bags thous. of bags 4,753 685 1,157 4,761 798 939 4,747 743 1,056 4,464 694 761 5,112 652 765 5,329 888 889 5,353 695 715 -6.0 -6.6 -27.9 -16.6 -0.1 +6.4 3,243 3,913 +20.7 thous. of bags.. thous. of bags 1,007 572 1,236 610 1,071 649 1,235 353 756 377 770 462 679 278 +15.3 -45.6 +81.9 +27.0 3,247 1,740 4,549 2,184 +40.1 +25. 5 thous. of Ibs 7,546 7,080 5,776 4,891 6,084 7,417 4,786 -15.3 +2.2 25,948 25, 293 -2.5 434 6,944 451 6,240 564 7,633 509 6,973 452 5,681 504 6,270 494 6,048 -9.8 +3.0 -8.6 +15.3 1,924 24, 652 1,958 27, 790 +1.8 +12.7 -0.8 137, 134 139, 784 +1.9 +20.0 +40.6 +4.5 -2.4 -40.2 +250. 1 123, 602 3,132 164, 247 173, 593 3,217 234, 949 +40.4 +2.7 +43.0 7,802 3 3, 201 31,454 37,238 381,055 367, 198 9,331 33,647 3 1, 849 3 6, 777 560, 798 256, 659 +19. 6 +13.9 +27.2 -6.4 +47.2 -30.1 1,685,052 1, 761, 686 +4.5 TOBACCO Consumption (tax-paid withdrawals) : Large cigars millions S mall cigarettes millions Manufactured tobacco and snuff thous. of Ibs Exports: Unmanufactured leaf _ thous. of Ibs Cigarettes.. millions.. Sales, loose-leaf warehouses ... .thous. of Ibs Price, wholesale, Burley good leaf, dark red Louisville dolls per 100 Ibs Stocks (reported quarterly) : Chewing, smoking, snuff, and export mills of Ibs Cigar tobacco mills of Ibs Total, including imported mills of Ibs 34, 411 34,054 37,428 33, 891 33, 172 34, 346 34, 159 46, 891 852 111, 199 47, 147 513 83,462 36, 167 906 25,210 43, 388 947 15, 078 24,127 735 51,833 32,475 721 14, 556 30, 850 970 4,307 25.00 25.00 25.00 25.00 24.50 24.50 24.50 1,385 356 — -1, 819 -9.5 0.0 +2.0 -14.2 +14.7 1,522 423 2,036 1 1, 532 1433 12,041 TRANSPORTATION River and Canal Cargo Traffic Panama Canal: 2,607 Total cargo traffic thous. of long tons. 2,347 2,139 In American vessels thous. of long tons 1,403 1,152 1,092 In British vessels thous of long tons 523 625 701 Suez Canal thous. of metric tons 2,245 2,061 2,471 Cape Cod Canal _ gross tons 96,845 105,010 162, 282 Mississippi River, Govt. barges short tons.. 57, 996 74, 688 49, 975 Ohio River, Pittsburgh, Pa., to Wheeling, W. Va_. short tons. 155, 339 273,207 571, 193 i Quarterly figiires ending< Mar. 30, ] 926. 2,238 196, 661 74,000 1,840 1,037 428 2,209 89, 119 95,907 761, 947 345, 183 2,104 1,221 510 2,724 92, 874 91, 787 1,951 1,114 452 2,548 94,464 98,417 +21.2 +108. 2 -0.9 -24.8 401,371 572, 528 +33.4 +33.1 3Ttr ee months ending IVlar. 31. 42 TREND OF BUSINESS MOVEMENTS—Continued 1926 PER CENT INCREASE (+) OR DECREASE (— ) 1925 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February March February April March April CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 Per cent increase ( } or tdecrease (-) cumulative 1926 from 1925 April, 1926, from March, 1926 April, 1926, from April, 1925 1925 20,349 7,968 12,382 19, 281 6,707 12, 574 -5.2 -15.8 +1.6 59,894 41, 247 72,097 51, 775 +20.4 +25.5 15, 509 696 525 3,056 1,296 232 4,188 5,518 15, 782 707 494 3,257 1,218 189 4,282 5, 635 +1.8 +1.6 -5.9 +6.6 -6.0 -18.5 +2.2 +2.1 3 1, 048, 491 3 1, 089, 041 3 245, 926 s 248, 879 3 1, 426, 872 3 1, 471, 652 3 1, 117, 049 3 1, 135, 712 3 204, 586 3 223, 537 105, 928 111, 764 +3.9 +1.2 +3.1 +1.7 +9.3 1926 TRANSPORTATION— Continued Ocean Traffic Clearance, vessels in foreign trade: Total thous. of net tons American .thous. of net tons__ Foreign thous. of net tons Freight rates, liners, Atlantic ports to Europe— index no rel to Jan 1920 4,616 1,600 3,016 4,519 1,590 2,929 5,034 1,721 3,313 5,112 1,796 3,316 4,550 1,750 2,800 5,051 1,993 3,058 5,622 2,405 3,217 +1.5 +4.4 +0.1 -9.1 —25.3 +3.1 26.3 25.2 24.3 24.2 25.5 25.6 26.0 -0.4 -6.9 8,629 4,517 7,578 312 33,016 28, 850 22,874 18, 096 5,329 3,340 23, 966 18, 808 15, 526 6,261 -30.7 -37.3 +47.3 +189. 0 268 251 228 185 196 238 207, 683 87,389 74, 151 246, 549 95, 478 104, 280 276, 573 118,419 115,205 285, 015 103, 177 138,425 344, 959 113,615 185, 724 337, 181 131,212 160, 913 +12.2 +24.0 +10.5 -18.0 9.7 197 83 15 13 None. None. 12 None. 167 100 10 60 5 25 15 None. 15 -7.7 -20.0 8 3,676 171 113 770 299 42 990 1,292 3,877 159 114 783 307 44 1,063 1,407 3,796 150 104 705 300 55 1,057 1,424 3,623 169 123 734 320 45 978 1,255 3,702 151 110 648 325 47 1,040 1,382 3,727 131 111 602 312 91 1,038 1,442 340, 276 78, 595 460, 204 360, 590 63, 289 35, 414 401, 197 80, 779 530, 453 396, 473 94, 523 38, 672 336,946 77, 599 455, 185 355, 686 65, 151 33, 570 360, 779 79, 588 486, 668 377, 401 73, 375 35, 332 347, 029 78, 373 473, 497 370, 623 66, 199 33, 577 6,032 5,266 2,608 6,387 5,703 2,718 5,652 4,993 2,503 6,270 5,421 2,651 6,008 5,168 2,701 Shipbuilding Completed during month: Total gross tons Steel seagoing gross tons.. Building or under contract, end of mo.: Freight Cars Surplus (daily av. last week of month) : 250, 935 Total cars Box cars.. 113, 860 Coal . cars__ 92, 040 Shortage (daily av. last week of month): 218 Total cars 10 Box cars 170 Coal cars Car loadings (monthly totals) : 4,432 Total thous. of cars. _ 226 Grain and grain products thous. of cars__ 163 Livestock thous. of cars 998 Coal and coke. thous. of cars _ 312 Forest products thous. of cars 49 Ore thous of cars 1,172 Merchandise and 1. c. 1 thous. of cars.. 1,512 Miscellaneous thous. of cars Railroad Operations Revenue: 347, 568 Freight thous of dolls 89, 505 Passenger thous of dolls 480, 995 Total operating thous of dolls Operating expenses thous. of dolls.. 378, 649 65, 725 Net operating income thous of dolls Freight carried mills. ton-miles-- 37, 678 Pullman company operations: 7,107 Revenue thous of dolls 5,543 Expenses thous of dolls 2,991 Passengers carried thousands Railway Equipment Locomotives (Am. Ry. Assn.): 63, 440 64, 509 64, 747 64, 779 63, 593 63, 548 63, 548 Owned end of month number 2,597 2,587 2,593 2,592 2,592 2,588 2, 596 Tractive power. mills, of lbs_. 9,836 10, 076 11, 407 11, 613 11,401 In bad order, end of month number 10, 087 10, 191 15.6 17.7 17.3 16.0 16.0 16.2 Per cent of total in use per cent 18.1 189 175 12.5 138 204 171 Installed during month number 191 295 170 409 169 222 206 205 Retired during month number 49 84 13 106 204 251 60 Ordered from manufacturers number. _ 95 77 82 83 40 103 Building in railroad shops end of month 38 Shipments117 163 88 162 151 Total number. _ 101 121 Domestic69 122 88 78 96 146 Steam number 101 7 12 14 13 22 11 11 Electric ._ ._ number Foreign1 9 14 9 14 38 4 Steam. . . number 1 3 16 2 0 0 2 Electric number Unfilled orders (end of month) — 414 713 490 653 572 780 461 Total number Domestic318 324 580 343 442 635 506 Steam number 44 53 60 51 51 41 50 Electric number Foreign33 60 77 52 30 54 71 Steam number 29 12 29 15 40 41 42 Electric number Exports13 9 19 27 Steam _ _ number 38 58 . 20 Freight cars (Am. Ry. Assn.): Owned, end of month cars 2, 344, 016 2,345,508 2, 346, 242 2, 348, 148 2, 346, 687 2, 350, 697 2, 353, 956 208, 339 209, 368 210, 966 208,908 210, 009 210, 362 210, 569 Capacity mills of Ibs 185,047 186, 417 189, 514 159, 845 In bad order end of month cars 158, 160 161, 959 162, 470 6.9 8.0 8.2 Per cent of total in use per cent 7.0 7.0 8.1 6.8 16,007 15, 024 13, 749 10, 505 7,665 8,284 Installed during monthcars 4,607 9,453 8,040 12, 067 10, 497 6,100 7,560 Retired during month __ _ cars 7,396 4,677 5,525 5,388 5,622 7,640 11, 353 Ordered from manufacturers _ t cars. 11, 531 Shipments by manufacturers (I. C. C.)— 9,257 9,352 10, 335 10,718 3,299 6,904 8,811 Total . _ cars 9,207 9,212 10, 503 Domestic _ _ cars 9,881 6,412 8,668 2,968 Building in railroad shops, 8,072 8.743 5,572 end of month ..cars. 8.373 4.878 10, 718 10. 080 * Three months' cumulatives ending Mar. 31. -46.7 -2.1 +1.9 -5.7 +14.5 -8.8 -6.3 +17.1 -10.0 -2.3 -4.2 +25.0 -39.6 -0.6 +1.8 -1.2 +1.2 3 -0.2 -1.7 0.0 +0.4 -3.5 -11.4 -3.7 -9.8 -7.4 +10.5 +43.9 -27.9 +23.0 +198. 8 '-7.8 +15.9 18, 242 3 15, 616 3 7, 954 3 19, 526 3 16, 512 3 8, 317 +7.0 +5.7 +4.6 601 961 266 759 928 528 +26.3 -3.4 +98.5 -6.8 +49.5 404 597 +47.8 -16.4 +56.4 +9.1 -14.3 276 46 465 56 +68.5 +21.7 -88.9 75 7 -75.0 57 -24.0 19 +171. 4 -8.6 +45.5 -8.7 +69.1 -12.0 +7.3 +11.1 -29.3 -22.1 0.0 -55.0 -52.6 98 125 +27.6 +0.1 +0.2 -1.6 -1.4 +26.8 +6.3 -26.4 -0.2 +0.8 -15.7 -15.9 -23.6 -23.4 +1.8 56, 548 39, 884 25, 902 31,061 29, 096 36, 146 -45.1 -27.0 +39.5 +5.1 -6.2 -1.0 -0.1 38, 770 36, 627 28, 271 27, 255 -27.1 -25.6 +4.4 +8.3 43 TREND OF BUSINESS MOVEMENTS—Continued 1936 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1928, tfSurvey" PER CENT INCREASE* (+) OR DECREASE (— ) 1925 CUMULATIVE TOTAL ! FROM JANUARY 1 THROUGH APRIL 30 Per cent increase ( -y January February March February April March April, 1926, from March, 1926 April April, 1926, from April, 1925 1925 1926 or decrease (-) cumulative 1926 from 1925 TRANSPORTATION— Continued Railway Equipment— Continued Passenger cars: Ordered from manufacturers cars Shipments by manufacturers (I. C. C.)— Total cars . Domestic cars__ 217 152 107 230 90 111 104 +115.0 +121. 2 383 706 176 157 165 165 115 102 225 225 62 62 45 45 56 +95.7 +301. 8 50 +120. 6 +350. 0 231 225 681 +194. 8 649 +188. 4 36, 238 2,411 38,713 2,265 54, 955 4,081 45, 700 1,267 58, 082 3,171 +84.3 Passenger Travel National parks: Visitors Automobiles entered Arrivals from abroad: Immigrants United States citizens Departures abroad: Emigrants. ._ United States citizens Passports issued - - _ - . . number-number.. 3 66, 476 2,888 142, 074 3 5, 290 3 129, 906 3 8, 757 number.. '..number.. 19, 072 19, 695 20, 041 23, 687 29, 504 29, 987 20, 913 23, 186 26, 619 29, 228 26, 744 26, Oil 3 68, 484 3 69, 401 3 3 number __ number __ number. _ 5,286 25, 987 9,054 3,232 29, 108 8,411 3,457 25, 215 16, 502 4,087 23, 211 8,816 4,993 24, 604 15, 304 5,684 23, 700 25, 040 3 15, 263 3 70, 353 3 57, 800 3 3 56, 509 13,748 59, 581 14, 056 49, 890 11, 782 52, 762 12, 852 52, 945 13, 230 9,837 12, 073 1,226 11, 278 13, 836 2,092 8,820 10, 869 1,340 9,821 12, 071 1,816 9,684 11,861 1,657 93, 308 30, 689 95, 377 31, 418 93, 493 30,435 _. 27, 239 +8.8 +65.1 -8.6 +65.5 68, 617 73, 369 +0.2 +5.7 11, 975 80, 310 3 61, 206 -21. 5 +14.2 +5.9 154, 675 3 37, 126 3 3174, 279 41, 919 +12.7 +12.9 3 28, 033 3 34, 533 3 31, 543 3 38, 676 +12.5 +12.0 3 +11.9 + 11.5 +12.2 PUBLIC UTILITIES Telephone companies: Operating revenues thous. of dolls. _ 58, 189 Operating income thous. of dolls. _ 14, 115 Telegraph companies: Commercial telegraph tolls.thous. of dolls.. 10, 430 Operating revenue thous. of dolls.. 12, 767 Operating income thous. of dolls. _ 1,450 Gas and electric companies: Gross earnings thous. of dolls. . 106, 975 Net earnings thous. of dolls.. 37, 588 Electric railways (212 companies) : Passengers carried--- _. .thous. of persons.. Electric power production: Total mills, of kw. hours 6,121 By water Dower... _ .mills, of kw. hours.. 1,956 By fuels mills, of kw. hours. _ 4,165 In street railways, manufacturing plants, etc.inills. of kw. hours _ 438 In central stations mills, of kw. hours.. 5, 683 Gross revenue sales thous. of dolls. . 153, 300 ! 99, 953 33, 737 3 i 1 5,598 1,906 3,693 6,101 2,246 3,855 4,982 1,741 3,241 5, 364 2,040 3,324 5,152 2,022 3,130 411 5, 187 143, 800 422 5,679 384 4,598 124, 800 400 4,964 119, 000 374 4,778 116,800 513 262 94 92 83 123.2 98.8 92.9 515 270 94 94 86 125.3 101.4 94.1 517 270 93 93 86 124.8 101.8 95.0 509 252 91 93 85 123.4 101.5 92.6 505 211 87 92 83 119.6 100.0 93.9 511 226 87 92 83 120.1 98.9 93.6 502 237 87 91 81 120.1 97.9 92.4 -1.5 -6.7 -2.2 0.0 -.12 -3.9 -0.3 -2.5 +1.4 +6.3 +4.6 +2.2 +4.9 +2.7 +3.7 +0.2 14,905 282.3 ' 98 88 90 14, 720 302.3 97 92 93 14, 996 302.9 98 92 93 14, 691 298.7 96 90 93 14, 133 280.8 87 91 87 14, 532 279.1 88 91 87 13, 881 280.5 86 88 87 -2.0 -1.4 -2.0 -2.2 0.0 +5.8 +6.5 +11.6 +2.3 +6.9 61, 296 61, 199 61, 274 65, 505 64, 884 65, 037 29.05 114.3 228.6 188.8 104 100 104 28.58 118.4 240.5 189.3 104 103 104 29.03 116.4 241.9 184.8 105 104 103 27.97 113.9 234.1 189.1 101 101 102 28.45 112.1 231.7 188.9 101 101 102 27.67 113.2 232.9 184.5 98 99 101 -0.6 +0.4 -0.3 -2.4 0.0 -1.0 +1.0 +4.3 +3.3 +3.6 -2.3 +7.1 +4.0 +3.0 27.07 29.47 31.16 23.76 17.07 27.49 30.04 31.79 24.04 17.31 27.49 30.13 31.82 24.21 17.30 27.12 29.35 30.96 23.81 17.70 27.19 29.45 31.09 23.86 17.62 27.01 29.25 30.85 23.75 17.44 49.9 48.5 49.8 48.9 50.1 49.0 49.9 48.6 49.9 48.6 49.9 48.2 45 46 27 28 25 36 36 42 51 37 57 42 28 26 27 39 35 41 51 38 56 46 30 24 27 38 36 44 53 39 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 -3.6 0.0 -10.0 0.0 +3.7 +5.3 +2.8 +2.3 -1.9 0.0 +14.9 0.0 -6.9 +4.3 +3.7 +8.1 0.0 +7.9 -1.9 +2.6 3 15, 918 3 5, 476 3 10, 442 EMPLOYMENT AND WAGES Employment in factories: New York State thousands. _ Detroit thousands. _ New Jersey (rel. to 1923) .. .index number.. Pennsylvania (rel. to 1923). .index number.. Delaware (rel. to 1923) index number. _ Wisconsin (rel. to 1915) index number.. Illinois (rel. to 1922) index number.. Massachusetts (rel. to 1914). index number. _ Total pay roll: New York State thous. of dolls. _ Wisconsin (rel. to 1915) index number.. New Jersey (rel. to 1923) -index number __ Pennsylvania (rel. to 1923) .index number.. Delaware (rel. to 1923) index number.. Federal civilian employees, Washington, D. C., end of mo number.. Average weekly earnings (State reports): New York State dolls.. Illinois (rel. to 1922) index number. . Wisconsin (rel. to 1915) index number. . Massachusetts (rel. to 1914) .index number. _ New Jersey (rel. to 1923) _ . -index number __ Pennsylvania (rel. to 1923). .index number. _ Delaware (rel. to 1923) index number-Average 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.. Wages of common labor by geographic divisions: New England cents per hour.. Middle Atlantic. . __ cents per hour.. South Atlantic cents per hour.. East South Central cents per hour.. West South Central cents per hour.. East North Central cents per hour.. West North Central cents per hour.. Mountain cents per hour.. Pacific.. cents per hour.. United States average cents per hour.. 1 Cumulatives ending Mar. 31. 28.85 116. 9 241.2 180.3 105 103 104 54 46 27 24 28 40 37 45 52 39 17, 820 6, 108 11, 713 3 3 • 44 TREND OF BUSINESS MOVEMENTS—Continued 1926 PER CENT INCREASE (+) OR DECREASE (— ) 1925 The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February March April February March April April, 1926, from March, 1926 Per cent increase (+) or decrease <-) cumulative 1926 from 1925 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 April, 1926, from April, 1925 1925 1926 i IEMPLOYMENT AND WAGES— contd. Wage rates, U. S., Steel Corporation cents per hour. _ Applicants per 100 jobs, employment agencies: United States average number Eastern States number Central States . number Southern States number Western States .. number 50 50 50 50 50 50 50 174 138 237 139 75 158 108 222 120 75 137 117 185 114 64 126 114 157 137 62 163 139 222 132 57 145 126 189 134 65 124 111 152 120 63 42, 401 37, 858 22, 591 15, 267 40, 588 36, 268 21, 423 14, 845 47, 508 40, 262 21, 996 18, 266 44, 282 38, 841 22,998 15, 843 38, 418 33, 756 21, 033 12, 723 43, 642 35, 837 19, 817 16,020 42, 717 36, 275 21, 747 14, 528 27, 767 2,078 15, 168 1,423 7,451 305 2,102 183 3,046 167 28, 428 2,084 15, 478 1,423 • 7,496 312 2,174 182 3,280 167 33, 279 2,094 18, 309 1,431 8,472 316 2,654 180 3,844 167 33, 768 2,104 18, 967 1,435 8,591 322 2,446 180 3,764 167 26, 130 1,969 14, 853 1,371 6,644 262 1,783 176 2,850 160 29, 684 1,982 16, 917 1,381 7,453 267 2,021 174 3,293 160 32, 722 1,992 18, 895 1,389 8,150 267 2,265 176 3,412 160 80, 137 24, 327 81,012 24, 471 84, 660 24, 649 93, 467 24, 770 65, 368 20, 385 70, 792 20, 835 72, 412 21, 297 6,978 612 6,735 622 7,671 632 7,564 638 5,730 528 6,285 531 7,545 3,265 7,544 3,266 8,442 3,270 8,886 3,288 7,026 2,809 2,524 522 2,274 522 3,340 529 3,880 538 911 60 947 61 1,013 59 2,028 232 2,101 229 3,246 226 2,120 0.0 ! 0.0 -8.0 +1.6 -2.6 +2.7 -15.1 +3.3 +20.2 +14.2 -3.1 -1.6 DISTRIBUTION MOVEMENT Retail Sales Mail-order houses: Total sales, 4 houses... thous. of dolls_. Total sales, 2 houses ..thous. of dolls.. Sears, Roebuck & Co .. thous. of dolls Montgomery Ward & Co. .. thous. of dolls .. Ten-cent chain stores: Total sales thous. of dolls _ Total stores operated . number F. W. Woolworth & Co thous. of dolls.. Stores operated number S. S. Kresge Co __ -thous. of dolls Stores operated number McCrory Stores Corp. thous. of dolls.. Stores operated number S. H. Kress & Co thous. of dolls.. Stores operated number Chain stores: GroceriesSales . . . . .thous. of dolls Stores operated number DrugSales thous. of dolls _ Stores operated number CigarSales thous. of dolls.. Stores operated number ShoesSales thous. of dolls.. Stores oDerated ... number MusicSales. thous. of dolls.. Stores operated number CandySales.. thous. of dolls Stores operated _ number Restaurant chains: Total sales.. _ _ _ . -thous. of dolls Total stores operated number Childs Co., sales . thous. of dolls Waldorf System (Inc.), sales _ thous. of dolls Other chain stores: J. C. Penney Co thous. of dolls Stores operated number United Cigar Stores Co thous, of dolls.. Stores operated number A. Schulte (Inc.) thous. of dolls.. Stores operated number Owl Drug Co thous. of dolls -. Stores operated. number -6.8 -3.5 +4.6 -13.3 +3.7 +7.1 +5.8 +9.1 +1.5 +3.2 +0.5 +5.6 +3.6 +0.4 +0.3 +3.3 +1.4 +5.4 +1.9 +20.6 +8.0 | -7.8 0.0 +2.3 -2.1 +10.3 0.0 +4.4 164, 114 140, 614 84, 769 55, 935 174, 779 153, 229 89, 008 64, 221 +6. 5+9.0 +5. 0 +15.0 113, 838 123, 242 +8.3. 64, 870 67, 922 +4.7 28, 919 31,010 +7.2 7, 772 9,376 +20.6 12, 351 13, 934 +12. & +29.1 +16.3 278,733 339, 276 +21. 7 2,243 532 -1.4 +237. 2 +0.9 +19.9 20, 324 28, 948 +42.4 7,786 2,884 7,919 2,908 +5.3 +12.2 +0.6 +13.1 29, 986 32, 417 +8.1 2,334 456 2,968 462 4,138 471 +16.2 +1.7 -6.2 +14.2 11, 939 12,018 +0.7 1,000 61 893 55 946 54 970 55 -1.3 +3.4 +9.3 +3.1 3,640 3,871 +6.3 2,504 236 2,745 249 2,123 195 2,283 196 2,545 212 +9.6 +5.5 +7.9 +17.5 8,917 9,378 +5.2 2,971 226 1,926 3,291 227 2,141 2,826 219 1,837 3,090 219 2, 005 2,992 218 1,954 3 8, 999 s 9, 508 +5.7 2,171 +1.4 +11.1 7,779 8,358 +7.4 1,126 1,045 1,150 989 1,085 1,038 3 3, 174 3 3, 321 +4.6- 4,970 671 5,608 2, 985 1,895 269 1,261 88 5,478 671 5,610 2,984 1,894 271 1,194 88 7,975 687 6,267 2,986 2, 133 273 1,367 88 8,762 692 6,504 2,995 2,341 282 1,291 88 4,258 569 5,211 2,537 1,759 258 1,242 84 6,050 582 5,829 2,611 1,898 260 1,394 84 7,240 585 5,934 2,633 1,926 262 1,337 85 +9.9 +0.7 +3.8 +0.3 +9.8 +3.3 -5.6 0.0 +21.0 +18.3 +9.6 +13.7 +21.5 +7.6 -3.4 +3.5 21, 477 17, 185 -20. a 22, 363 23, 989 +7.3 1,778 92, 797 2,145 91, 497 2,372 113, 772 2,620 114, 878 1,975 85, 902 2,222 106,284 2,443 107, 835 +10.5 +1.0 + 7.2 +6.5 8,177 401, 754 24, 543 6,063 760 27, 339 6,327 507 32, 766 6,827 845 32, 609 6,193 1,275 1,621 1,153 2,610 413 150 30 86 1,310 1,401 56 2,084 823 3,557 262 251 81 223 1,316 1,221 56 2,003 1,154 4,409 279 681 369 244 1,242 1,239 240 2,850 925 4,920 383 1,261 492 124 872 2,119 287 5, 905 26 2,959 7,137 63 3,431 8,504 293 4,437 6,005 336 4,567 +10.4 +0.5 7,391 5,300 9,263 1| +11.& i 5,113 -3.5 Advertising Magazine advertising thous. of lines __ Newspaper advertising thous. of lines.. National advertising in newspapers: Total thous. oflines.. Automobile advertising thous. of lines. . Automobile accessories thous. of lines.. Cigars, cigarettes, and tobacco thous of lines Financial .thous. of lines Food, groceries, beverages --thous. of lines. . Hotels and resorts thous. of lines.. Household furniture thous. of lines. . Men's clothing _ thous of lines Musical instruments thous. of lines.. Radio and electrical thous of lines Railroads and steamships.. thous. of lines.. Shoes thous of lines Toilet articles and medical preparations _. thous . of lines Women's wear _ thous. of lines Miscellaneous thous. of lines. . 3 Three months' cumulative ending Mar. 31. 1 1 8,915 412, 944 —0 5 -9.3 +50.9 117 257 25* 410 i 3 387 +42 3 — 19 8 +11.6 +37.3 +85.2 +33 3 —49.2 —29 8 i +71. 0 i 8 558 4,055 15 496 1,337 2,343 972 677 4,740 5 980 639 +19 6 -29.4 +14. 7 : +2.9 ' I i 27,551 i 718 i 15.394 ! +9.0 +2.8- 45 TREND OF BUSINESS MOVEMENTS—Continued The cumulative s shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February PER CENT INCREASE (+) OR DECREASE (— ) 1935 1936 March April February March April April, 1926, from March, 1926 April, 1926, from April, 1925 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 1925 1936 Per cent increase (+) or decrease (-) cumulative 1926 from 1925 DISTRIBUTION MOVEMENT— Contd. Postal Business Postal receipts, 50 selected cities -. thous. of dolls.. Postal receipts, 50 industrial cities thous. of dolls.. Money orders: Domestic paid (50 cities) — Quantity .number.. Value thous . of dolls . . Domestic issued (50 cities)— Quantity number.. Value thous. of dolls.. 29, 116 28, 088 33, 454 30, 851 25,644 29, 085 29, 083 -7.8 +6.1 111, 083 121, 509 +9.4 3,193 3,172 3,525 3,234 2,856 3,035 3,108 -8.3 +4.1 11, 978 13, 124 +9.6 10, 607 78, 898 9,905 74, 312 12, 543 94, 968 11,411 87, 948 10, 533 74, 014 12, 909 91, 845 12, 031 87, 883 -9.0 -7.4 -5.2 +0.1 46, 661 314, 921 44, 466 336, 126 -4.7 +6.7 3,088 31, 189 2,990 30, 481 3,539 35, 411 3,218 32, 887 2, 960 28, 683 3,605 33, 512 3,234 31,097 -9.1 -7.7 -0.5 +5.1 12, 926 123, 855 12, 835 129, 768 -0.7 +4.8 Delinquent accounts, electrical trade: Amount... dollars.. 159,038 1,339 Number of firms number. . 137, 517 1,552 222, 768 1,897 249, 618 1,881 223, 649 1,456 231, 911 1,806 216, 950 1,953 Wholesale Trade +12.1 +15.1 -0.8 -3.7 Sales Tax Receipts Interval revenue-taxes collected: Firearms and shells ..thous. of dolls.. Jewelry, watches, and clocks .thous. of dolls.. Theater admissions thous. of dolls.. Bonds and stocks issued and conveyances thous. of dolls __ Capital stock transfers thous. of dolls __ -20.8 100 81 48 38 120 139 286 -86.7 715 267 -62.7 1,863 2,190 1,053 2,140 608 2,604 181 2,127 1, 110 2, 127 522 2,229 565 2,313 -70.2 -68.0 -18.3 -8.0 3,799 8,945 3,705 9,061 2 5 +1.3 3,017 1,629 2,667 1,639 2,408 1,363 1,851 1,856 2,280 1,513 2,457 1,201 2,860 1,293 -23.1 -35.3 +36.2 +43.5 10,230 5,563 9,943 6,487 -2.8 +16.6 123, 456 37, 801 8,107 169, 364 142, 143 43, 344 4,814 190, 301 139, 123 116, 975 40, 673 32, 901 3,240 3, 125 183, 126 I 153,000 128, 544 37, 022 9,173 174, 738 128, 710 33, 829 5,124 167, 663 -2.1 +8.1 -6.0 +20.5 -32.7 -36.8 -3.8 +9.2 491,064 140,302 21, 593 . 652,957 529, 417 163, 155 21, 168 713, 740 +7.8 +16.3 -2.0 +9.3 9,546 9,630 9,717 8,606 8,673 8,755 +0.9 3,961 1,533 2,428 4,016 1,543 2,473 4,073 1,552 2,521 3,410 1,460 1,950 3,449 1,474 1,975 3,496 1,483 2,013 +1.4 +0.6 +0.2 3,811 1,026 2,057 620 108 3,825 1,007 2,074 636 108 3, 846 996 2,091 650 109 3,561 1,078 1,927 454 102 3,583 1,067 1,939 474 102 3,595 1,061 1,946 486 102 +7.0 -6.1 +7.5 +33.7 +6.9 1,129 645 1,141 648 1,152 646 1,032 602 1,039 603 1,048 615 +9.9 +5.0 640, 775 266, 359 140, 076 96, 704 78, 835 58,801 790, 669 314, 969 177, 861 121, 290 97, 904 78,645 743, 635 301, 053 156, 590 119, 914 94, 649 71, 629 611, 480 259, 837 131, 410 92, 432 72, 367 55, 435 702, 994 284, 997 152, 821 111, 129 85, Oil 69, 036 716, 078 293, 452 149, 330 116, 079 88,054 69,163 -5.9 -4.4 -12.0 -1.1 -3.3 -8.9 2, 590, 468 2, 747, 718 1, 076, 503 1, 123, 889 554, 301 595, 935 423, 147 401, 216 308,094 340, 262 250, 355 264, 685 +6.1 +4.4 +7.5 +5.5 +10.4 +5.7 29, 300 22, 512 1 i 25, 964 18, 649 22,924 18, 571 26, 382 21, 219 23, 945 20, 592 -11.2 +22.4 -3.9 +9.3 100, 933 82,659 117, 657 89, 541 +16.6 +8.3 21,057 15, 738 23, 349 17, 855 22,879 17,821 -7.6 +13.5 -4.4 +4.6 94, 006 70,003 96, 610 74, 365 +2.8 +6.2 514 1,662 601 2,954 2,242 75.7 434 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 13, 949 5,576 12, 829 13, 143 5,396 12, 932 13, 140 5,478 12, 588 13,232 5,484 12,814 -0.7 +1.5 -0.6 +5.4 +1.7 +0.1 4.38 4.20 3.81 3.66 4.00 3.94 4.00 3.97 -4.6 -1.9 +9.5 +5.8 134, 033 • 133,892 133, 216 -0.1 +1.2 BANKING AND FINANCE Life Insurance (Association of Life Insurance Presidents) Premium collections (45 companies) : Ordinary thous. of dolls.. 124, 695 Industrial thous. of dolls.. 41, 247 5,007 Group thous. of dolls.. Total - ..thous. of dolls.. 170, 949 Admitted life insurance assets (41 companies) : Grand total - mills, of dolls,.. 9,481 Mortgage loansTotal mills, of dolls.. 3,913 Farm . mills, of dolls.. 1,527 All other - mills, of dolls. _ 2,386 Bonds and stocks (book values)— ' Total mills, of dolls .. 3,807 1,043 Government . . mills, of dolls. _ 2,046 Railroad ..mills, of dolls.. Public utilities - - mills, of dolls _ _ 607 111 All other mills, of dolls. _ Policy loans and premium notes mills, of dolls. . 1,122 639 Other admitted assets mills of dolls (Life Insurance Sales Research Bureau) Sales of ordinary life insurance United States total Eastern manuf. district Western manuf. district Western agric. district Southern district Far western district (81 companies) : thous. of dolls.. thous. of dolls.. thous. of dolls. _ thous. of dolls.. thous. of dolls.. thous. of dolls.. 572, 639 241, 508 121, 408 85, 239 68, 874 55, 610 +3.8 +2.6 +4.9 +3.3 +7.5 +3.6 Banking Debits to individual accounts: 33, 006 24, 813 New York City mills, of dolls.. 30, 538 23, 432 20, 016 Outside New York City mills, of dolls.. 23, 581 Bank clearings: 28,092 21, 453 New York City mills, of dolls.. 27, 101 16,583 19, 502 19,631 Outside New York City mills, of dolls.. Federal reserve banks: 449 540 632 Bills discounted mills, of dolls.. 1,667 1,679 1,656 Notes in circulation mills, of dolls.. 670 645 593 Total investments mills of dolls 2,953 2,917 2,920 Total reserve mills of dolls 2,262 2,323 2,272 Total deposits mills of dolls 75.0 74.0 73.4 Reserve ratio per cent Federal reserve member banks: 14, 052 13, 930 Total loans and discounts... mills, of dolls. _ 13, 949 5,492 5,495 5,478 Total investments mills, of dolls.. 12, 901 12, 935 Net demand deposits mills, of dolls. . 13, 034 Interest rates: 4.50 4.94 4.59 New York call loans per cent.. 4.13 4.38 4.28 Commercial paper 4-6 mos per cent.. Savings deposits: U. S. Postal Savings thous. of dolls.. 134, 091 134, 997 134, 926 New York State savings banks thous. of dolls.. 3, 593. 530 3. 625, 038 3, 671, 730 134, 850 3, 417, 732 3, 462, 469 3, 468, 903 -18.7 +28.5 -1.3 -4.3 -1.3 -3.5 +2.5 +3.1 -41 KJ +1.2 46 TREND OF BUSINESS MOVEMENTS—Continued CUMULATIVE TOTAL FEOM JANUAEY 1 THEOUGH APEIL 30 PEE CENT INCREASE (+) OE 1925 1926 DECREASE (— ) The cumulatives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, ''Survey" March April April, April, 1926, 1926, from from March, April, 1925 1926 173, 632 20, 608 20, 932 6,651 53, 858 600, 738 20, 605 20, 913 6, 649 44, 642 182, 641 0.0 -0.1 -0.1 -12.7 -70.4 161, 286 385, 129 324, 679 -27.7 +3.8 4,725 41.50 +1.0 +0.9 +2.7 +1.5 34, 005 37, 189 +25.7 +3.5 3,722 13, 375 17, 595 3,035 13, 097 21, 536 2,556 +69.7 +2.5 +24.4 +27.8 -11.3 +4.1 1,793 409 1,285 99 1,859 429 1,345 85 1,939 430 1,427 82 -1.4 +0.9 +5.3 +14.9 -3.2 -3.4 -6.6 +3.7 March April 20, 015 20, 276 6,066 47, 615 179, 296 19, 814 20, 083 5,369 54, 891 657, 621 19, 807 20, 069 5,363 47, 936 194, 713 151, 877 466, 240 336, 867 4,814 41. 84 4,806 41.73 4,854 42.11 4,804 42.28 4, 776 41.99 43, 661 34, 176 30, 623 38, 487 40, 123 16, 094 21, 512 6,056 10, 822 20, 317 3,037 9,862 18, 623 2,138 16, 734 19, 094 2,660 15, 334 21, 067 2,296 510 1,696 90 1,801 447 1,282 72 1,984 469 1,424 91 1,957 494 1,378 85 January February February 1925 1926 Per cent increase ( } or tdecrease (-) cumulative 1926 from 1925 BANKING AND FIN AN Oft-Continued Public Finance Government debt: Interest-bearing mills of dolls 20, 020 Total gross debt mills, of dolls.. 20, 283 Short-term debt.. _ ,. mills, of dolls 6,070 Customs receipts.. thous. of dolls. . 46, 399 Total ordinary receipts. _. . thous. of dolls 186, 283 Expenditures chargeable to ordinary receipts. _ . thous. of dolls 232, 847 Money in circulation: Total... mills, of dolls 4,740 41.24 Per capita dollars Business Failures Liabilities: Total oommp.rcial thous nf dolls Manufacturing establishments thous. of dolls. . Trade establishments. . thous. of dolls Agents and brokers thous of dolls Firms: Total coTTimp.rnial number Manufacturing establishments. _ .number.. Trade establishments number. _ Agents and brokers . number 20, 658 20, 981 6, 992 46,190 -3.9 -4.0 -19.3 i +7.4 i 191, 658 196, 841 +6.6 1, 128, 611 1, 217, 913 Dividend and Interest Payments 1, 187, 831 +2. a 165, 671 146, 947 -11.3 53, 715 84, 853 27, 103 53, 512 79, 546 13, 891 -0.4 -6.3 -48. 7 7,908 8,038 1,748 5,814 355 5,780 338 +1.6 +9.8-0.6 -4.8- 1, 163, 551 ! 1,920 1 1 (For the following month} Grand total ... thous. of dolls 218, 715 Dividend payments: Total . thous. of dolls 83,215 Indus, and misc, corp thous. of dolls ._ 45, 575 Steam railroads thous . of dolls 30, 215 Street railways thous. of dolls. . 7,425 +2.7 +7.9< 332, 222 426, 075 338, 650 333, 380 405, 250 328, 225 -20.5 +3.2 1, 727, 680 1, 824, 912 +5.6. 90, 972 53, 325 32, 575 5,070 99, 575 63, 075 26, 175 10, 325 62, 950 31, 300 24, 900 6,750 87, 980 51, 900 31, 200 95, 000 60, 500 25, 025 9,475 59, 725 29, 600 24, 075 6, 050 -36.8 -50.4 -4.9 -34.6 +5.4 +5.7 +3.4 +11.6 481, 230 250, 750 136, 550 44, 275 503, 212 261, 270 142, 640 47, 585 +4.6 +4.2. +4.5 +7. 5 98, SCO 133, 372 +35. 4 1, 847, 332 1, 951, 723 +5.7 -19.4 1, 557, 371 1, 701, 684 250, 040 +56. 1 .| 289, 960 +9.3. -13.8. 4,800 New Security Issues Foreign governments thous. of dolls 24, 972 3,800 Total corporation (Commercial and Financial Chronicle) thous. of dolls 614, 549 414, 188 Purpose of issueIs ew capital thous. of dolls.. 545, 843 381, 093 Refunding thous. of dolls.. 68, 707 33, 095 Kind of issue — Stocks. thous. of dolls 171, 742 126, 150 Bonds and notes ...thous. of dolls.. 442, 807 288, 039 Class of industryRailroads thous. of dolls. 23, Oil 46, 670 Public utilities thous. of dolls.. 206, 246 149, 658 Industrials. thous. of dolls 162, 237 151, 052 Oil thous. of dolls. . 43, 857 6,930 Land and buildings thous. of dolls.. 58, 331 42, 313 Shipping and misc thous. of dolls.. 81, 229 30, 040 Total corporation (Journal of Commerce) ..thous. of dolls.. 546, 870 351, 662 States and municipalities: Permanent loans thous. of dolls 77, 567 146, 582 Temporary loans thous. of dolls 79, 824 23, 866 New incorporations thous. of dolls 1, 040, 096 2, 675, 185 21, 500 83, 100 62, 500 28, 000 480, 400 442, 586 503, 553 352, 606 482, 575 443, 232 37, 168 331,516 111,070 450, 171 53, 382 282, 355 70, 251 411, 441 -25.2 71, 134 +198. 8 181, 291 299, 109 31, 733 410, 853 102, 701 400, 852 80, 278 272,328 141, 469 341, 106 -82.5 - -77. 6 +37.4 +20.4 394, 849 2, 052, 483 1, 440, 808 +29. 4 -29. 8. 31, 930 137, 426 95, 366 104, 750 55, 505 48, 923 61, 924 216, 932 51, 100 9,450 53, 533 48, 498 205, 324 94, 649 18, 435 39, 283 33, 817 112,045 38, 833 171, 557 51, 962 6,900 60, 972 22, 382 87, 614 82, 400 197, 904 32, 731 60, 561 21, 365 +93.9 -29.3 +57.9 +163. 3 -46.4 -74.2 -91.0 -71.1 -3.6 -11.6 -0.9 +127. 0 261, 484 697, 006 430, 288 134, 466 214, 709 109, 379 163, 535 710, 262 459, 755 164, 987 209, 682 208, 690 -37. 5 +1.9 +6.8, +22.7 -2.3 +90.8 301, 137 438, 299 383, 645 324, 254 355, 580 +45.5 +23.3 1, 536, 751 1, 637, 968 +6.6 111,093 119, 092 122, 301 13, 338 748, 505 1,011,931 78, 332 57, 620 431, 200 110,490 90, 658 806, 402 106, 982 96, 837 886, 592 -6.7 +3.8 -89.1 -86.2 +35.2 +14.1 417, 177 298, 490 2, 801, 906 454, 334 239, 329 5, 475, 717 +8. 9. -19.8, +95. & 944, 995 464, 874 954, 265 477, 082 962, 662 486, 247 +0.6 +7.3 +1.3 +20.8 61, 034 36, 358 59, 095 34, 291 59, 249 32, 157 -2.9 -4.0 138. 48 136. 96 79.07 99.78 135. 40 76.28 101. 90 -8.4 +6.9 -1.2 +13.2 +2.2 +6.9 8,000 +286. 5 +938. 8 -7.9 -8.3 510,916 Agricultural Finance Loans outstanding, end mo. : Federal farm loan banks, .thous. of dolls.. 1, Oil, 088 1, 019, 486 1, 027, 361 1, 033, 045 Joint-stock land banks. . thous. of dolls 555, 756 567, 544 579, 458 587, 169 Federal intermediate credit banks thous. of dolls.. 79, 935 81, 574 83, 991 81, 574 12, 564 War finance corporation thous. of dolls.. 14, 637 13, 089 13, 861 +37.7 -60.9 _ Stocks and Bonds Stock prices, daily closing: 25 industrials, average dolls, per share.. 179. 90 179. 55 25 railroads, average dolls, per share _. 92.40 90. 83 103 stocks, average. dolls, per share 120. 42 119. 92 Southernr cotton mill stocks _ _ dolls, per share 120. 49 120. 89 Stock sales: N. Y. Stock Exchange thous. of shares.. 39, 088 35, 462 Bond sales: Miscellaneous thous. of dolls 262, 897 218, 297 Liberty-Victory thous. of dolls 29,680 17, 938 292, 577 236, 235 Total thous of dolls Bond prices: 87.99 Highest-grade rails .p. ct. of par, 4% bond.. 88.77 79.22 80. 09 Second-grade rails..p. ct. of par, 4% bond.. Public utility p. ct. of par, 4% bond-71.99 73.65 76.80 Industrial p. ct. of par, 4% bond.. 77.73 Comb, price index.. p. ct. of par, 4% bond.. 78,59 79.69 «• See table, p. 25 of the March, 1926, issue for earlier data. 158. 05 87.35 106. 63 144. 70 86.33 108. 94 80.90 105. 64 119. 49 117. 79 119. 97 119. 08 117. 74 -1.4 0.0 52, 040 24, 296 32, 750 38, 568 24, 836 -53.3 -2.2 137, 585 247, 061 27, 106 274, 167 269, 232 28, 948 298, 180 280, 237 26, 691 306, 928 281, 732 33, 316 315, 048 247, 768 30, 283 278, 051 +8.0 +6.8 +8.8 +8.7 -4.4 +7.2 1, 113, 562 138, 928 88.71 79.74 73.22 77.13 79.32 89.83 81.23 73.69 72.60 80.59 86.37 76.00 86.98 75.50 70.03 74.90 76.38 87.66 75.90 69.59 75.05 76.51 +1.3 +1.9 +0.6 -5.9 +1.6 +2.5 +7.0 +5.9 -3.3 +5.3 71.26 75.16 76.82 150, 886 +9.T 997, 487 103, 672 1,252,490 . 1, 101, 159 -10.4 -25. 4 -12.1 47 TREND OF BUSINESS MOVEMENTS—Continued 1926 PER CENT INCREASE (+) OR DECREASE (— ) 1925 The cumula fives shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February March April, April February March April CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 April, 1926, 1926, from from March, April, 1926 1925 1925 1926 Per cent in- crease ( } or tdecrease (-) cumulative 1926 from 1925 BANKING AND FINANCE-Continued Stocks and Bonds— Continued (For 1st of following month) 5 Liberty bonds p. ct. of par. . 16 foreign governments and city ---P- ct. of par. _ Comb, price index, 66 bonds.. p. ct. of par_. Municipal bond yield percent-Long-term real estate bonds issued: Grand total.. thous. of dolls __ Purpose of issueFinance construction.. .thous. of dolls_'_ Real estate mortgage... thous. of dolls.. Acquisitions and improvements.-. thous. of dolls __ Kind of structureOffice and other commercial thous. of dolls-Hotels thous. of dolls-Apartments thous. of dolls. _ 102. 35 102. 63 102. 61 102. 87 102. 11 102. 03 102. 62 +0.3 +0.2 103. 26 103. 14 98.81 4.15 101. 80 102. 92 103. 14 102. 32 102. 80 4.14 4.12 4.11 4.10 97.39 4.07 +1.1 +1.0 -0.5 +0.1 +2.0 +1.2 98.77 4.17 98.38 99.38 97.23 96.76 53, 927 41, 153 50, 370 42, 398 31, 258 53, 387 51, 861 -15.8 -18.2 184, 879 187, 848 +1.6 38, 767 8,663 32, 858 250 24, 950 9,640 20, 603 13, 110 18, 178 9,210 39, 355 7,350 35, 113 10, 708 -17.4 -41.3 +36.0 +22.4 115,984 36, 266 117, 178 31, 663 +1.0 -12.7 4,522 2,750 5,230 5,085 530 5,400 950 -2.8 +435. 3 21, 560 17, 587 -18.4 27, 342 29, 550 1,650 16, 525 11, 378 7,220 6,320 4,058 25, 138 8,115 28, 685 -31.1 -60.3 -30.1 +65.7 +6.0 -18.4 82, 736 28, 473 30, 816 84, 795 26, 300 27, 091 +2.5 -7.6 -12.1 -10.0 9,490 11,318 3,258 8,925 6,075 6,235 6,440 7,602 3,763 7,888 Corporation Stockholders (The following figures are quarterly) Pennsylvania Railroad Co.: Domestic Foreign --- number-.number __ GOLD AND SILVER Gold: Domestic receipts at mint nne ounces. _ Rand output thous. of ounces. . Imports thous. of dolls.. Exports thous. of dolls. . Silver: Production thous. of fine oz._ Imports thous. of dolls.. Exports thous. of dolls. . Price at New York dolls, per fine oz._ 141, 725 i 141, 097 i 2, 931 2,986 2,939 86, 054 796 19, 351 74, 044 753 25, 416 3,851 58, 229 834 43, 413 75, 336 4,225 13, 126 17, 884 5,163 . 5, 763 5,043 8,863 7,752 5,171 4,954 3,087 9,763 .678 5,539 8,333 -0.4 -1.8 143, 224 .668 .659 6,312 7,612 .644 80, 294 754 3,603 75, 584 825 7,327 -1.5 -0.3 +29.4 -9.8 326, 396 293, 663 8,870 -69.8 +48.0 24, 848 170, 834 101, 306 +307. 7 29, 047 -83.0 +27.6 -10.5 21, 055 23, 874 35, 458 20, 331 26, 477 33, 460 -3.4 +10.9 -5.6 +1.3 -34.6 -2.4 -27.5 +0.5 -0.4 0.0 1, 411, 022 1, 646, 367 +16.7 3 3333, 647 39, 362 3 50, 937 3 24, 286 3 109, 028 +39.4 83, 488 788 21, 604 +323. 3 50, 600 25, 104 5,077 4,929 6,833 5,538 4,945 9,323 .685 4,931 6,661 7,917 .678 .669 -4.2 +14.0 -8.7 -2.3 0.0 -5.6 0.0 -11.9 +0.2 0.0 0.0 -17.2 -18.4 -3.7 FOREIGN EXCHANGE RATES Europe: England France Italy Belgium Netherlands Sweden Switzerland Asia: japan India Americas: Canada Ar gentina Brazil Chile dolls, per £ sterling .. dolls, per franc. _ dolls, per lire. _ dolls, per f ranc_ - dolls, per guilder.. dolls, per krone. _ dolls, per franc. _ 4.86 .038 .040 .045 .402 .268 .193 4.86 .037 .040 .045 .401 .268 .193 4.86 .036 .040 .042 .401 .268 .193 4.86 .034 .040 .037 .402 .268 .193 4.77 .053 .041 .051 .402 .269 .193 4.78 .052 .041 .051 .399 .270 .193 4.80 .052 .041 .051 .400 .269 .193 dolls, per yen. _ .dolls, per rupee. . .442 .367 .454 .368 .454 .366 .466 .362 .391 .357 .410 .357 .418 .356 +2.6 +11.5 -1.1 +1.7 dolls, per Canadian doll_. dolls . per gold peso . _ dolls, per milreis.. - --dolls, per paper peso _ .998 .941 .148 .120 .997 .933 .148 .121 .996 .903 .145 .121 1.000 .908 .140 .121 .999 .903 .113 .108 .999 .897 .110 .111 .999 .869 .106 .112 +0.4 +0.6 —3.4 0.0 +0.1 +4.5 +32.1 +8.0 388, 503 443, 098 398, 000 333, 387 385, 379 346, 091 -10.2 +15.0 105, 318 12, 080 16, 548 117, 119 14, 456 18, 383 100, 916 14, 878 12, 068 112,025 98,006 37, 282 37, 126 33, 894 40, 159 31, 377 3 315, 750 3 42, 952 3 36, 544 3 26, 229 3 109, 231 87, 047 37, 646 97, 536 40, 382 83, 214 33, 620 91, 290 34, 419 93, 352 33, 120 3 252, 035 3 101, 002 3 3 258, 142 113, 604 +2.4 +12.5 51, 955 9,412 63, 613 12, 677 43, 981 10, 212 58, 451 8,584 46, 661 11, 353 3 144, 686 3 25, 319 3 169, 086 3 29, 767 +16.9 +17.6 132, 612 33, 177 11, 571 153, 235 22, 901 11, 595 92, 232 23, 159 13, 044 113, 368 28, 294 10, 245 100, 574 23, 891 10, 105 3 318, 520 3 84, 739 3 33, 940 3 447, 930 3 96, 485 3 39, 563 +40.& +13.9 +16. 6 174, 020 198, 351 130, 588 144, 597 140, 540 3 425, 035 3 573, 463 +34. 9 42, 110 35, 998 72, 844 63. 531 51, 102 40, 153 74, 697 78. 795 36, 778 39, 774 50, 184 46, 840 75, 890 67. 868 36, 591 48, 426 59, 824 62. 305 3 125, 024 3 118, 946 3 202, 647 3 193. 271 3 141, 844 3 104, 977 3 218, 681 3 209. 402 +13.5 -11.7 +7.9 --_ U. S. FOREIGN TRADE Imports Grand total - -thous. of dolls. _ 416, 766 By grand divisions: Europe— Total thous of dolls 111,210 France thous. of dolls. _ 12, 826 Germany thous. of dolls 16,006 Italy thous. of dolls -_ 8, 555 United Kingdom thous. of dolls 34, 620 North AmericaTotal thous. of dolls 73, 559 Canada thous. of dolls 35, 576 South AmericaTotal thous. of dolls 53, 518 Argentina thous. of dolls 7,678 Asia and OceaniaTotal thous. of dolls 162,083 Japan thous. of dolls 40, 407 16, 397 Africa total thous of dolls By class of commodities: 201, 092 Crude materials thous of dolls Foodstuffs, crude, and 48, 632 food animals thous. of dolls Manufactured foodstuffs.. -thous. of dolls. _ 28, 826 71, 140 Semimanufactures thous of dolls Finished manufactures thous. of dolls. _ 67. 076 1 Quarter ending Mar. 6,774 31,1926. 8,957 8,262 63,649 62. 590 14, 150 13, 074 9,504 3 11, 816 11, 506 9,986 1 Cumulative through Mar. 31. +5.7 -8.4 -7.4 -0.2 +8. a 48 TREND OF BUSINESS MOVEMENTS—Continued 1926 PER CENT INCREASE (+) OR DECREASE (— ) 1935 The cumulative* shown are through April except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" January February March April February March April CUMULATIVE TOTAL FROM JANUARY 1 THROUGH APRIL 30 April, April, 1926, 1926, from from March, April, 1925 1926 1925 1926 Per cent increase (+) or decrease (-) cumulative 1926 from 1925 U. S. FOREIGN TEADE— Continued Exports Grand total, including reexports thous. of dolls By grand divisions: EuropeTotal -. thous. of dolls _ France thous. of dolls Germany thous. of dolls. _ Italy thous. of dolls United Kingdom . _ thous. of dolls . North AmericaTotal thous of dolls Canada thous. of dolls South America— Total 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. . Agricultural exports (quantities) : All commodities index number. . All commodities except cotton _ index number. _ 397, 196 352, 917 374,421 199, 794 29, 731 25, 537 14, 382 82, 159 171, 968 21, 724 22, 166 12, 823 75,834 84, 780 47, 437 370, 676 453, 653 398, 255 164, 373 24, 000 21, 116 12, 260 67, 941 222, 266 22, 855 43,785 23, 061 85, 760 252, 714 25, 689 51, 385 26, 154 85, 720 82, 588 45, 976 100, 567 62, 446 75, 052 39, 043 37, 775 14, 938 35, 265 10,885 35, 413 11, 878 66, 545 23,425 8,302 388, 119 56, 063 18, 934 7,032 345, 819 113, 925 15, 845 47, 788 51, 853 158, 708 388,000 +3.6 1, 669, 027 1, 512, 534 -9.4 208, 080 22, 017 32, 995 19, 171 73, 148 3 744, 381 3 77, 754 3 3144, 769 71, 824 3 284, 617 3 536, 135 3 75, 455 3 68, 819 3 39, 465 3 225, 934 -28.0 -3.0 —52.5 -45.1 -20.6 99, 618 51, 213 92, 723 49, 315 3 252, 501 3 127, 187 3267,935 3 155, 859 +6.1 +22.5 25,463 9,939 33, 545 12, 213 35, 899 , 12,242 3 90, 753 3 35, 045 3 108, 453 3 37, 701 +19.5 +7.6 65, 826 22, 323 8,242 364, 940 42, 565 15, 819 5,330 364, 831 58, 970 21, 602 8,805 445, 834 56, 667 12,751 7,679 391, 594 3 3162, 419 65, 515 3 20, 717 3 1, 251, 243 3 188, 434 3 64, 682 3 23, 576 3 1, 098, 878 +16.0 -1.3 -13.8 -12.2 89, 317 83,031 129, 333 122, 845 83, 908 3 421, 374 3 286, 273 -32.1 12, 172 41, 837 47, 917 154, 576 15, 596 40, 526 53, 520 172, 267 23, 488 46, 347 47, 781 117, 882 31, 101 55, 585 64, 666 171, 637 36, 192 39, 386 60, 704 170, 875 380,474 33 155, 963 171, 044 3 423, 388 3 43, 613 3 130, 151 3 153, 290 3 485, 551 -45.8 -16.6 -10.4 +14.7 -2.6 111 88 87 86 114 123 94 -1.1 -8.5 123 105 108 107 120 150 131 -0.9 -18.3 69, 736 85, 716 70, 909 88, 809 100, 934 113, 966 67, 801 60, 915 61, 430 71, 164 84, 638 95,888 59, 105 60, 709 -32.8 -46.5 +14.7 +0.3 263, 549 303, 760 309, 380 349, 406 +17.4 +15. 0 5,522 2,668 3,929 2,580 4,516 2,548 1,935 1,303 4,777 3,798 6,446 2,826 1,411 954 -57.2 48 9 +37.1 +36.6 23, 159 11, 159 15, 902 9,099 -31.3 -18.5 67 69 155, 700 1,300 50 56 166, 012 1,193 53 59 152, 480 1,293 1,417 30 37 102, 686 1,069 64 108 138, 783 1,151 60 88 131, 484 1,229 +9.6 +15.3 3122 3172 3 342, 601 4,813 3 170 3184 3 397, 169 5,203 +39.3 +7.0 +15.9 +8.1 2,677 249 2,653 188 3,653 172 3,202 153 2,659 189 3,392 199 2,054 145 -12.3 -11.0 +55.9 +5.5 13, 028 818 12, 185 762 -6.5 -6.8 5,200 12, 615 8,725 105, 000 1,861 2,310 5,000 1,888 16, 540 5,735 50, 575 39, 406 2,601 36, 175 4,588 14, 560 29, 240 4,680 +203. 8 +22.5 7,045 +205. 8 +617. 9 72, 646 17, 353 93, 240 115, 200 22, 099 78, 150 +58.6 +27.3 -16.2 139, 688 136,498 14, 602 125, 999 12, 669 135, 663 135, 505 13, 500 128, 965 13, 478 154, 093 153, 157 14, 800 173, 171 19, 779 151, 739 154, 015 12, 415 112, 828 37, 292 115, 809 116, 780 20, 114 103, 857 11, 048 126, 452 124, 611 21, 892 144, 411 13, 393 492, 945 489, 365 581, 183 579, 175 +17.9 +18.4 446, 804 58, 263 540, 965 83, 218 +21.1 +42.8 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 Production: Pig iron _ _ thous. of long tons . Steel ingots thous. of long tons Coke*__ -. short tons _ Bank clearings mills, of dolls.. Business failures: Liabilities thous. of dolls. . Firms ntiTTiber 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.. ^ Cumulative through Mar. 31. 129, 079 125, 740 25, 163 93, 882 24,887 -0.5 +0.6 -16.1 -34.8 +88.5 +17.6 +22.5 -50.7 +20.2 +49.8 • See table, p. 25, of the March, 1926, issue for earlier data. O -<-> - .'-'o'V 'T^?^?:>^ '; v :>':'; ""''< '"' . .;: ' - J;, ; •• :- -'VAv^KV;V'VV^ m*™™* ^s^^AS^^^ *Vi **> ! '.. '•< ' */, ' " ~ . * *» •* I i$yj>$ obtained; . '-» -,'.••. i "" « * v V . ^ y ^* ** '•v.t, . i - J t - " * " »* ^ ^""'v1- ^'' t ^ - ^ » ' ' JT •* 1^ M ' ' X " * *~ MV^^Io; the ^t^ ta^va^^ 1 :V/V- "'Monthly' -Ikun'iWQr.'jbf Foreign Commerce j6f > ..'^ ^ S R W i f l ' M i u N , 10^-Faiis I iadVIL pai1i,r^ jf^.; ^'ii^¥ <&&$$ otdc^^Mc^ercli^dlsp,, and Wj>0^M^lM ^' i * | British Petroleum Trade in 1 ''^ ' ^ _ j* J f '' -v^< * - - ^-_—.,-.—,-- t - .. s ...-Slfi&K. I c; Aathoi^y^ special \ageism Tri^tie Pi^omD .. ' r- .136 pag^, m&p4 This is ^b0^t^>of ,a ^ries of pi.^**^*,,^^^ y** V » 'et&de ttifeb^r issued under ^^niy <$$*e/i; 07^h Oo^Jte^' %> -\ ^ ;<&^;l^ (Vv> 6ibfi^a|»hy fe toeltided ,P|Jo^^^r ; ?Cv,' ^'^\" •'" ^piDfeE^^ sb^^p^x v ff; vX i^i v/f?",,- ;V/^ J -,';', ' j" V ' f v r - ' ^ N -':>*, ^Wl&^^iid Jtff«|^ - v ^'^ : ' '» > X>1 ^ : ** --''"-^ v j v^*^' rf.iwtasi'1 v^vf^^A»«:«*»- £Mk<»,«ijk,M&lMiO[jl i «.*• ••t'h*«i' *D->»^iA«'« X? C! " * -it ofM^^A^^Jo^^K^^,! • . ^" ,x, * » noTSo^f.ty.^^f <^r £<kmWt^A» v .> ' ' »^ %alf,iis^|tiid^; . :?;;^1fli^v^cm'i^ J*J* Jlr^«-_^ i. .lA. 1 _i' _j_ j. ' . li««,l^^TkHM|^imtt TiiM*s» . , , * <"' c :vV..iuv:^^A.Y.\^.^;.r.-^'--....v > ,•4a^jfitircTiiM#x'9Vr*'''*~ *.*'%" " V V ''.:»V « , - , •' "- .H" — i: -'"' ;^r y /tte^^b^df^S^i^^lafMrs^ -1-" .- ,* *->;v * » > ''-*11' FISHERIES : ^ ^ ; , -' ^rCojEpalsslQiier - c" ; ^ ,/; itoMiftit<^ ft^t- '' i'< 5tl^tofiagfttlon'aiid dist|ii?utlpta Ipfa qf food,fish «nd sKellfish. '* to aavigailoa I^ts,\ > t > . „ fornialoii re^Epa^tjL^eeia|d& to ii^t^l^ 1 ^ ^ V/' ,'i *, **«' '* x^.s' ^rvi'*5f© ^.,K:..;v;^.^J^t.^3 '~ f - , - «, v l ? < /. ^ >v v- ;, « Cj^ A needed for 4t M J '* * ' . ..•**%: ^ Aeastt^ Waai^lii^ "~' nd "maKf gravity, ^vatt« df ^ , the ^a^igaia^n a^d i Harig, ?iiti«ib0 r and the atm ' c< ;j!^T1(^nft^ .r^_, rT _, w ^ 1 ^hiistmtloa o^torWs^laS^ to sucit vessels and thete officers. , Thfc eer^Mcatida1' <rf able seamen and lifeboat ^TTJ^—..pn of vessels^ including the 'ty|^® of boilers; 610 g of all materials subject 14fck to tensile strain in marine boilers: ^^^tion of iufls f*^* ^* -&^« ~ ^-^^——A ' of OFHCE THOMAS E. ROBERTSON, Commissioner don of the granting of patents and the registration of &<»-> ^..^A.J.^, or>,|4 ljft.Vk^]fl *•".—.'I»-^12«»*« i.*.—-l^ikj—.-.!•-_i_^l__^_^. r ^ « < its^and labels, including technical examination .3^aiagsv<, ^ ^ , / K \ *\s ' - T /~ . ,; • -r »**vn^»*w*»w»**^ >j^ ^^wwyw-w** »W«AA WNL>«« ••. V^«I4VA««VAV/AA V* > ^ copies of all published foreign patents, as well as United States patents and trade-marks. Maintains recording office of fc^JKUWp^^MlN^ y(GA|^^itt^i^ f Imbfltii,, flfea£6fc«jt cbple$, oi O to patents. ^ f«?Ifeatiofr.of M*Ig^t$o4f,bf ih<M'<»$a! ih0> - ^ , weekly ib^vi^tt* showing the .^^^Mr^y r ^:^- ;,j>;; ^ ^ "v; ^,; ^ ' cWr^'^V^v^f^i'^^^^^^^^^^-'^^-v ^ ; \ t " ' . ^vV*.^ : > % ' ; * - ^ ' ^ ; * J ;i ;Ti ; s r 1 v •-.-^4^..^- ^ -l^^V>'^^;;^^fv4^:V' -' > < - \; -, ,-',>•• ^ ^ , ^ T ; V-o*V*:-M