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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 ( a u ) . .
vle..
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 :

:

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§

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 .

¥1M
jj
.i

\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

WEEK
ENDING a—

Bituminous coal
production

4
11
18
25

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 |

s
M
i
Hm1914 I 1915 I 1916 I 1917§ m i m1919m inI 13 S M11922i II i1923§ Ii •*1924 IM M M1926o Iimimim s I 1918 t i I 1920 I 1921 I i
1913 I
1925 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

Value

Value

342
303
264
264

$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

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

_

May
June
July..__
August

•

September
October..
November
December

January
February
March .
April

SHIPMENTS

261
350
388
408

__

Total...

IRON AND STEEL

1926

In the accompanying tables are to be found data
on orders and shipments of electric hoists:
ELECTRIC HOISTS 1

1926

_

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

_
_
_

121
107
114
137

__ _
_ _

_

Year's total

__ _ _

54, 213
45, 778
51, 526
55, 753

143
145
154
133
129
128
128
139

Motor
vehicles
87
97
106
120

Hand
types

53, 931
54, 900
55,235
50, 025

51,383
51, 466
45, 535
49, 720

1,578

i
_ _

1936

43, 692
51,500
59,275
52, 894

619, 465

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
^A '\ I f \ A/
\J v
-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

1
1

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

248, 690
244, 121
282, 274
233, 406

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, 499, 080

285, 867
242, 805
259, 358
199, 404

Stocks on
hand (end
of month)

519, 874
449, 808
397, 269
371, 753
472, 382
512, 724

272, 463
283,435
248,511
250, 803
201, 192
242, 676

1, 425, 064

Unfilled orders (end of
month)

'

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

11
1
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

11
1

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
_
. .. _

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

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

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

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

1923
January
February
March
April
May
June
July
_
August
September
_
October
November
December

_

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

--

_

1933

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

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

--.
.

- -_

.

1934
__

_

».

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

__ .
.

1935
__

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

.

1936
_

_

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

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

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

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

_

1, 697, 400
1, 658, 698
1, 761, 506
2, 177, 016
2, 521, 045

2, 001, 375
2, 350, 474
2, 363, 688
2, 570, 010

1931
January _
February
March
April. _.
May
June
July
...
August
September
October
November
December

January
February
March__
April

Number of
policies and
certificates

Number of
policies

1, 339, 680
2, 163, 136
2, 463, 312
1, 959, 759

_
..

1922, total
1923, total
1924, total
1925, total

January _
February
March
April
Mav
June
July
August
September
October.
November
December

Number of
policies and
contracts

Thousands Number Number Thousands
of
of
of dollars contracts certificates of dollars

Thousands
of dollars

954, 164
945, 351
1, 006, 910
1,155,727
1, 325, 370

1918, total
1919, total.
1920, total
1921, total

TOTAL

GROUP

Number of
policies

1913, total
1914, total
1915, total
1916, total
1917, total

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

INDUSTRIAL

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

1923

1921

1923

1934

July
August
September.
October
November.
December. .

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

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

1926

January
February..
March
April
May
June

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

106,000
100,000
113,147

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
_

90,800
92,700
93,100
102,100
102, 800
107, 600

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

1925

Mixed sirup
Manufacturing confectioneries
Jams, jellies, and preserves.
Bakers
Brewers (body sirup)

1, 405, 699 1, 23.6, 095

Production;

1935

7,426
1911.
1912
12,081
1913.
24,061
1914.
42, 653
1915
65,365
1 1 . . 103,493
96..
217,884
1917
1 1 . . 282, 536
98..
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

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

787, 749

876,408

10
9.5
30

100
95
98
97
99
98.5
93.5
100
101

92
85
95
98
101
100
98.5

563, 817

804, 788 1, 024, 216

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

10
12
9
14
24
30

798, 922

19,401 | 671,191

1926

January
February ._
March

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 t
decrease
(-)
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, 263 j +11.0
3
+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 t
decrease
(-)
cumulative
1926
from
1925

TEXTILES— Continued
Burlap and Fibers
Imports:
Burlap
thous of Ibs
Fibers (unmanufactured)
long tons. -

56, 524
25, 273

68, 816
34, 257

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.
s Cumulative through Mar. 31.
4
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

472,814 483, 010
422, 004
525, 655
536,978 i 504, 671

114
i

434, 626
402, 494
506, 214

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

92, 832
74, 859

1,542
1,319
2,627

1,471
1,354 1
2,975

-26.8

+2.3
2

3
3

238, 749
190, 925

+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

197, 764
3 160, 353
-10.0
-23.4
+0.3

1, 446, 845
1, 257, 979

+25. 6
+23.5
-6.1

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 4 75, 728
68, 967
74, 901
70, 667
73,006
Smelter, .
short tons. _
78, 576
75, 630 4 80, 719
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

March

April

260, 893
216, 019
116. 14

146, 494
145, 024
114. 54

176,962
170, 658
114. 16

394, 882
550, 333

April

313, 267
554, 565

1
j

Per
cent
increase
or decrease

April, April,
1926,
1926,
from
from
March, April,
1926
1925

263, 551
398, 594

February

|

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

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, 041, 686
3
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

162, 245
3,605

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

315

353

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

3.39
8.50

3.39
8.48

3.39
8.41

0.0
-6.7

1,287

+13.4

10, 518
6 17, 506

+5.0
+1.9

25,484

28,860

+13.2

-2.0

3.39
8.39

1,459

10, 015
« 17, 182

294

3,127
7,973

0.0
-0.2

401

3
3
3
3

3

-7.3

+11.5

o See table on p. 13 of the March, 1926, issue for earlier data.
h
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..

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

173
6

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

February

35, 539
24,700

43, 977
33, 072

'•

86, 757
73 081
58, 191
18,311
24 893
43, 204

3,649
8,373
2,500
5,119
12, 818
2, 750

5,272
14, 348
3, 672

52
135
26

53
163
23

50
180
29

1925

1926

68, 560 !
123, 176 |

6

6

-18.0

+6.3

87, 642
71 343

+9.9
+12.3

+43.1
+23.4

-0.8

-1.0
+2.4

+20.1
-24.8
—2 2
-13.2

98,111
151, 965

+6.8
+12.5
-17.0
-6.6

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

3,681
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

4,092
9,003
3,335

5,107
10, 770
2,728

38,326
32, 506

April, April,
1926,
1926,
from
from
March, April,
1926
1925

Per
cent
incre ase
(+)
or decrease
(-)
cumulative
1926
from
1925

3, 904
9, 402
* 3, 500

45, 497
.448

3,541
7,460
2,142

April

54 502
16, 272
29 982
46, 254

34. 544

42, 152

10, 979
69,200
43. 161
'.526

March

CUMULATIVE TOTAL |
FROM JANUARY 1
THROUGH APRIL 30

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

3
3

3
3

1,945
628
463

1,680
600
413

17, 627

17, 635

656

1,815
602
440

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

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

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

April

Per
cent
increase

+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 t
decrease
(-)
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 t
decrease
(-)
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

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

24. , 960
42, 685

-8.6
-10.6

-23.8

13,548

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

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

2,503
2,353

+17.0

476
373

262,481

648
628

752
798

150,485

4

Revised.

508
436

170, 697
329, 673
16
13.50

-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 t
de-

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

81
18, 738
139, 223
21, 921
1,627
68, 636

62
5,613
117, 776

135, 435

21
49, 692

712
64, 091

3,708
3,270

57
16, 491
128, 137
18, 358
749
64, 081

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

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

Per
cent
increase
(+
}
or decrease
(-)
cumulative
1926
from
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

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

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

4,018

+12.8

537,489

556, 280

+3.5

3 606, 094
3273

180, 609
84

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

717, 853

+11. 8

36, 680
68, 477

-7.4
+3.6

+2.3

198, 451
130, 777

2,164,569

-13.1

26, 995
75, 276

194, 049

+10.6

623, 538

2, 135, 248
2, 813, 273

-26.4
+9.9

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

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

i

+4.5

4,807
4,488
391

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

3211,967

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
* Quarterly data on fats and oils appeared in the reprint of the survey for the
k
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

-28.8
-39.0

-5.1
-3.7
-4.3

25, 983 i -30.1

+1.0

57,080 +101. 2
154, 244 -19.8

37, 160

3 98, 903
3 98, 914
3 93, 318

.96

7.95

-19.7

+12.1

207, 818

128, 387

-38.2

38

TREND OF BUSINESS MOVEMENTS—Continued
1935

1926

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

-3. a

3 112, 781
3 20, 062

-28.0

-4.3

8,251

8,248

7,347

6,781

3 25, 448

3 24, 359

8,811
9,901
7,249
6,466
625, 503 . 682,062
47
50

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

9,513

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




8.34

3

3 28, 178

Three months' cumulative Mar. 31.

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 t
de*
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

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

19, 181

thous . of Ibs . . 108, 512

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

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
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

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

16, 663
2,500

21,356

March

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

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

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 t
decrease
(-)
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

18, 242
3 15, 616
3 7, 954

-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

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

-8.6
+65.5

93, 493
30,435

_.

27, 239

+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

+8.8

+65.1

68, 617
73, 369

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

164, 114
140, 614
84, 769
55, 935

+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

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 t
decrease
(-)
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

1926

1925

Per

cent
in-

crease
( }
or t
decrease
(-)
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

-17.2

-4.2
+14.0
-8.7
-2.3

0.0
-5.6
0.0
-11.9
+0.2
0.0
0.0

-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
3 155, 963
3
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.

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g of all materials subject 14fck tensile strain in marine boilers:
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OFHCE
THOMAS E. ROBERTSON, Commissioner
don of the granting of patents and the registration of
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its^and labels, including technical examination
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copies of all published foreign patents, as well as United
States patents and trade-marks. Maintains recording office of
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