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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
JUNE, 1927
No. 70

COMPILED BY

.

BUREAU OF THE CENSUS
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
BUREAU OF STANDARDS
IMPORTANT NOTICE
In addition to figures given from G&vernment 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 135-138 of the February semiannual issue

Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 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 24 a year; with the SURVEY, $5.50 a year. Make
remittances only to Superintendent of Documents, Washington, D. C., by postal money order, express order, or^New
York draft. Currency at sender's risk. Postage stamps or foreign money not accepted




B. §. COVERNMENT PIIHTIHC OmCt t fM7

INTRODUCTION
THE SURVEY OF CURRENT BUSINESS is designed to
present each month a picture of the business situation
by setting forth the principal facts regarding the various lines of trade and 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, 1927, No. 66). In the intervening
months the more important comparisons only are
given in the table entitled "Trend of business movements."
WEEKLY SUPPLEMENT
Realizing that current statistics are highly perishable and that to be of use they must reach the business
man at the earliest possible moment, the department
has arranged to distribute supplements every week to
subscribers in the United States. The supplements are
usually mailed 6n Saturdays and give such information
as has been received during the week ending on the
preceding Tuesday. The information contained in
these bulletins is republished in the monthly SURVEY,
which 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
others are reported by trade associations.
RELATIVE NUMBERS
To facilitate comparison between different items and
render 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. If the movement for a current month is greater
than the base, the relative number will be greater than
100, and vice versa. The difference between 100 and
the relative number will give at once the per cent
increase or decrease compared with the base period.
Thus a relative number of 115 means an increase of 15
per cent over the base period, while a relative number
of 80 means a decrease of 20 per cent from the base.

Relative numbers may also be used to calculate the
approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative
number at one month is 120 and 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. InT
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 111 to
131 of the August, 1926, number, thus allowing easy
comparison on a pre-war base for all items for which
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 index numher. 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
number 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 CUREENT 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
chart 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 28. (See charts and table, pp. 4 and 5.) As most data covering a particular month's business are not

available until from 15 to 30 days after the close of the month, a complete picture of that month's operations can not be
presented at an early date, but the weekly supplements give every week the latest data available.



UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BT
BUREAU OF THE CENSUS

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

:

: BUREAU OF STANDARDS

1927

JUNE

No. 70

CONTENTS
INDEX BY SUBJECTS

SUMMARIES

Preliminary summary for May
1
Course of business in April
9
Monthly business indicators (table and chart)
2, 3
Weekly business indicators (table and chart)
4, 5
Wholesale prices (table and charts)
6, 7, 11
Indexes of business
9,10
Detailed indexes (production, prices, sales, etc.)
18
Steel, mining, manufacturing, electric power, and
transportation (charts)
8
NEW DETAILED TABLES

Automobile tires
Automobiles
±
Paints and varnishes
Exports of automobile tire fabrics.
Census of manufactures

21
22
22
22
23

Textiles
Metals and metal productsFuels
Automobiles and rubber
Hides and leather
Paper and printing
Building construction and housing
Lumber products
Stone, clay, and glass products
Chemicals and oils
Foodstuffs
Tobacco
Transportation and public utilities
Employment and wages
Distribution movement (trade, advertising, etc.).
Banking and finance
Foreign exchange and trade, gold and silver

Text Table
page page

12
24
13
26
14
30
14 28, 32
14
31
32
14
33
15
34
15
15
36
37
15
38
15
41
16
42
17
11
43
44
17
17
45
47
17

PRELIMINARY SUMMARY FOR MAY
The dollar volume of trade in May, based upon
weekly figures covering check payments, was, larger
than a year ago. Distribution of goods, as shown by
figures on freight carloadings, was also larger than last
year. The output of bituminous coal was substantially lower than in May, 1926, the decline from a
year ago being solely due to labor conditions within
the industry. The output of crude petroleum reached
a new high point during the month. Production of
beehive coke was lower than in either the preceding
month or the corresponding month of last year.
While lumber production was greater than in April,
the output was substantially lower than a year ago.
The volume of new building contracts awarded during the early weeks of May showed declines from both
the previous month and the corresponding month of
last year.
Wholesale prices during May showed relatively
little change from the preceding month but were
48401—27

1




substantially lower than a year ago. Loans and discounts of Federal reserve member banks expanded
during May, being higher also than in May, 1926*
Prices of stocks on the New York Stock Exchange
averaged higher than in either the preceding month
or May a year earlier, with bond prices showing similar
comparisons. Loans to brokers and dealers by Federal reserve member banks in New York City and
secured by stocks and bonds continued to expand.
Interest rates on call loans were generally higher
than a year ago but averaged lower than in the preceding month. Kates on time money were also higher
than a year ago, showing little change from the preceding month. The Federal reserve ratio showed
little change from the preceding month but was
substantially higher than a year earlier. Business failures during May, based on figures for
the first three weeks, were more numerous than a
year ago.

MONTHLY BUSINESS INDICATORS: 1920-1927
[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 1919 AS 100

RELATIVE TO 1913 AS 100
350
300

1920

1921

1922

!923

1924

1925

1926

1927

PRICES 25 INDUS

INTEREST RATES, COMMERCIAL PAPER

1920

1921

1922 1923 1924
I
i
BANK DEBITS. 141

(925

J926

1927

WHOLESALE TRADE 6 LINES

DEPT. STORE TRADE (359 STORES
WHOLESALE PRICES < DEPT. OF LABOR )

FARM PR ICES (DEPT OF AGRICULTURE)

MAIL-ORDER SALES
(4 HOUSES)

COTTON CONSUMPTION
I i i i i t i i

MANUFACTURING

LUMBER PRODUCTION
(5 SPECIES)

PIG IRON PRODUCTION

UNFILLED STEEL ORDERS

AUTOMOBILE PRODUCTION

( PASSENGER CARS AND TRUCKS)

NET FREIGHT TON-MILES

FACTORY EMPLOYMENT

BUSINESS FAILURES
DEFAULTED LIABILITIES

1920




i I i i i i i I I M
1921 1922 1923

i I l i i i i I i i I I I I I
1924 1925 1926 1927

BUILDING CONTRACTS
(27 STATES)

1921

1922

1923

1924 1925

1926 1927

-|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 segregates 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.
1927

1926

MONTHLY AVERAGE
ITEM

1926 1921 1922 1923 1924 1925 1926 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar Apr.
1913 monthly average =160
Production:
Pig iron
120
Steel ingots
135
Copper
99
Cement (shipments) ..
.
108
Anthracite coal .
98
Bituminous coal119
Crude petroleum
178
Cotton (consumption)
105
Beef
119
Pork
113
Unfilled orders:
United States Steel Corporation
170
Stocks:
Crude petroleum *
143
Cotton (total)
155
Price: «
Wholesale index
226
Retail food
.
203
Retail coal, bituminous .
307
Farm products
205
Business finances:
Defaulted liabilities
108
Price 25 industrial stocks
184
Price 25 railroad stocks .
67
Banking:
Clearings, New York City
257
Clearings, outside
275
134
Commercial paper interest rate
Distribution:
294
Imports (value)
Exports (value).
331
Sales, mail-order
.. 264
Transportation:
Freights, net ton-miles
137

54 87 130 101 118 127 130 114 134 135 136 126
64 114 144 122 146 155 164 150 177 163 156 148
38 80 120 128 136 141 138 132 147 143 143 139
107 131 153 164 177 182 77 . 79
129 175 243 259
99 60 102 96 68 93
2 27 115 108 106 117
87 88 118 101 109 121 135 117 116 101 98 105
189 224 295 287 304 309 288 264 293 290 302 298
97 109 117 99 115 120 125 i 121 137 124 111 111
113 126 130 133 138 144 139 120 136 137 139 150
117 130 160 151 128 127 168 127 136 120 119 136
90

96

102

68

73

171
198

265
153

311
125

369
111

147
153
197
116

149
142
188
124

154
146
190
135

150
146
169
134

156
164
179
143

229 228
136 169
64 75

197
185
72

198 162 149 191
188 262 285 309
81 99 112 111

205 230 226
212 230 276
118 80 90

64

83

125
158
140
251
108
116
321
108
140
118

64

67

64

65

61

59

61

60

61

290
129

269 278 274
177 227 213

274
192

273
167

271
143

268
119

265
98

265
85

265
137

264 264 265 266
217 260 267 257

159
145
167
147

151
160
172
136

155
162
179
143

152
160
170
140

151
162
168
140

152 152
161 160
161 160
139 139

151
157
160
136

149
156
162
133

151
159
170
134

150
160
177
130

150
309
109

134 169 147 129 130 123
272 249 253 268 280 296
105 104 106 111 113 116

236
198
327

248 279 259 296 266 215 225
193 192 170 181 187 172 163
349 336 322 357 344 299 309

105

139

149

131

126 121 121 115 136 134
147 137 150 151 180 164
146 141 148 134 134 137
153 87 81 91 150 194
98 99 86 77 80 93
150 145 143 133 151 87
336 348 345 328 364 349
126 130 130 127 149 133
155 150 135 122 132 128
119 151 164 128 146 126

74

264 300 307 344 272 356 329 297 307 302 275
284 320 327 344 291 342 327 319 332 337 307
71
73 77 79 75 78 76 72 70 72 78

139

123 130
155 162
141 146
245 237
111 114
123 137
315 333
123 122
164 166
100 101

78

140 177 212 201
181 154 168 185
188 204 259 284
115

126
144
140
254
111
109
313
99
136
129

138

130

141

133

146

144

62

148 147
162 162
188 187
130 127

147
159
183
126

61

60

59

272 276 284
239 210 181
146
156
181
127

145
154
179
126

144
154
1«
125

131 146 143 200 225 206 254 233
296 283 295 308 301 311 324 344
120 114 117 121 122 127 128 133
271
315
80

309 282 339 324 292 364 336
345 319 344 329 291 340 323
82 80 78 75 70 72 74

227 225 230 252 250 241 240 208 254 253
178 186 216 220 232 225 203 180 198 200
284 286 336 417 425 471 313 312 365 361
153

147

143

136

143 141 ! 143 127 113
141 139 135 131 119
190 192 203 200 210
262 244 j 204 156 101

106
95
208
145

115 123 123
99 158 156
188 206
185 240 247

160

162

177

159

153

1919 monthly average =100
Production:
Lumber '*. Building contracts
_
Electric power (total)
Automobiles (United States)
Stocks:
BeefPork
'
Business finances:
Bond prices (40 issues)
Banking:
Debits outside New York City
Federal ReserveBills discounted
Total reserves
Ratio

i
117 133
102 106
122 143
132 204

129
108
152
181

141
138
169
215

102
72
112
115

86
69
105
83

66
98

42
83

29
70

32
91

34
90

86

87

107

104

108

112

114

91

95

107

108

132

91

28

39

19

148 148 139
153 142 125
180 183 184
259 236 220

113 130
117 90
190 174
199 220

146
150
191
262

142
155
179
267

34
67

33
74

30
78

25
76

22
74

116

114

115

115

116

117

117

117

117

121

127

134

114

133

128

122

128

135

118

26

30

23

28

33

27

24

27

27

136
133
190
218

34 ! 27
82 70

19
21
78 ! 86

.1 97 122 144 146 146 134 135 135 133 133 135 136 136 137
80

122

154

152

160

149

148

149

147

146

151

151

150

152

26
52

36
47

43
57

40
72

37
81

33
90

27
95

116 ; 116

118

119

119

119

120

120

121 135
j
32 | 37 33
135 134 135
148 145 i 147

123

139

133

118

137

134

33
135
144

37
134
140

19
143
159

22
144
156

24
145
157

23
146
158

18
84

20
67

I
1
2

Data since January, 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods.
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 five associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and California white
pine. The total production of these associations in 1919 was equal to 11,401,000,000 board-feet, compared with a total lumber production for the country of 34,552,000,000
board-feet reported by the census.




WEEKLY BUSINESS INDICATORS
[Weeks ending Saturday. See table on page 5]
WEEKLY AVERAGE, 1923-1925 INCLUSIVE- 100

B TUMINC)US CO AL.P RO[DUG TlOh4
160

T

140

Ai

•f

t

120 1
IOO

'•'••li

V

. . .. •
. ."

••"* •/ *

'

njfc

V

80
60
40

iU

b*"

yv

'•

V

\

•\

:

H

!JV

; :

:

;

A• : j

1

80

;1

11

60

1 1

1 11

/

J

1

^Ui 1 1 1

i Ll 1 M 1

1 11

MM

115

1 i1

1LJ

—.

M
0

50 444>

75

**£

•••••,

^
^s,
1 11
1 11
Illl

1 1 .LI 1 I l l l

1 11

1 1

120

PE TROLEUM PRODUCTION DAILY AVERAGE)

£ 120)
yj
•••»
| 110

i/S

X

f-

***

..
.-

EIOO

..
.

*..».
*•'*

•V*"

1 1 1

1

M i l

MM

1 1 I

1 11

116

90

r

i^.

...
..

:

^ vV

A

A

-f\

*

. /..•
J t...-

V

'*••. ..
.

•

70 UMi MV 1 1

1 1 II M

i

Illl

1 1 1.1

III

IOO

..
*••.».. ...

/

140

140

\

250
/

175

120

\

V***

/

IOO
25 '+b4, l±j_

....• Vi'T*

KT\

'* ...
..
11

i I 1

I

200
150

r

"\

50

~

;

;
V\
'•».
4

1!1
0 JAN. FEB.fVAR




1 !
1I
1 t
APR. MAY JUN. JULY AUG SEP. OCT. NOV DEC

;-%

..'
..

;

••

..." 1 V
IMI 1 11

,„

y.

./
.
„„' i 1 1

,M

'•'*"

1 11

•A

;*\
-"V *s\

f»
•

1 1

•.

•» I

1 11 1 1 1

BOND

105

^*+

*~

'•••

/

NEW YORK

..... .....

11 i 1 1

1 11

1

1

1

PRICES

•^

tf\f\ •V&
IOO

^•p

!',

BUSINESS FAILURES (NUMBER)

190

IROIsi

AND STEEL COMPOSITE PRICES
,
,
—.,
,
,
,
1
,

••«..
•MX"

1 11

•••..* .... •••**

•

110

^
86

^l_

90 W» J M

95

...«••

..

..-•

110

*•> *~s

on -\,
***•«

.•••••

TIME MONEY RATES

40 ki^ WL-

'•••

"V

... ..— •. . .
..
'..

*.

ion

V*'

I 11T

1!

PRICE NO 2 RED WINTER

60

h
L

S, ^^
IOO VN

80

....

^..

130

80 •Mb ,y^

\.

V

\

110 4M

c OTTON PRICES MIDDLING

350 \

^**

ISO

...

100

COTTON RECEIPTS

250

'\

•x ,.

IOO

».

,„..•

2b
'"''

f...

f

^**
. *'•

/*'
t\ /H
•k •
=/ 3y
IOO

'••.

w HEAT
/

*'

STOCK PRICES

1

90 ^u

'

CALL MONEY RATES

•

96

400

••..

8Q

1 1 . I.L

WHEAT RECEIPTS

'\ r'-'

**••*

160

120

....

'*«• .

./V

*'

110
105

V

80 ^^

A
.
80 f
h" —¥

C

. 130

j M^

IOO

^

1 11

CAR LOADINGS

r1
'* *•

•

FtS HER'S WHOLESALE PRICE" INDEX

il
l

300

V.

120

40

111

7

FEDERAL RESERVE RATIO

.v

;

60

*.., •'*

.-"•

4*i
| 90 +*^

100

\
.\

•«•*

IOO

V»M

'""'

/' v V

V.

M i l

;

.*

HOG RECEIPTS
1 1 MM

/*****•.

110 444-.

/

50 th^

««,** ..'•" .••* .„

••',,

£A

4,

"« :v\

*v

..*•.

150

IOO

:

IOO

SEP; OCT, NOV. DEC]

T

125

*

A
*

i *

CATTLE RECEIPTS
11

LLL

APR. MAY] JUN JULY

.OANSAND DISCOUNTS F.R.MEMBER BANKS'
I
120

:*

1?*

innf
IUU

• ... : • I i

: 'J

•f

ion I Va >A wlA

~
• f.

^
1 |
/ |

80

BEEHIVE COKE, PRODUCTION

125

mnl'H'H"*"
\A f\ A

fl

*m
if

IOO

40

ISO

75

1 1

120

.'.
.' . ..

/f

DEC

NOV,

I

180

140

LUMBER;PRODUCTION
120

100

200

160

80

JUN, JULY AUG. SEP; OCT.

AN. FEB.MAR, APR. (MAY

.
/-..

>
''

DEBITS TO INDIVID UAL AC COlJNTS

BUILDIN G CiONIFRA 3TS

JAN. FEB. MARJ APR. MAY JUN. JULY AUQ SER OCT. NOV. DEC.

.

,

len

130

....

•-

...»

'••

^«. *+

JAN. FEB MAR APR, MAY JUN JULY AUG SEP

926
927
I

OCT. NOV

DEC

n

inn
IUU

tf

.«.

111

*• .«*
V

.'V

1 I 11
1* 1
i i »* M 1 I 1 1 1 1
•144- 1 1 1
JAN FEB MAR APR. MAY JUN JULY AUG SEP. OCT. NOV DEC.

70 iAh

WEEKLY BUSINESS INDICATORS

JA

i
TJ

Business failures

Time-money rates

Call-money rates

Debits to individual
accounts

Federal reserve ratio

Bank loans and
discounts

Wholesale price
index

79.7
82.0
84.5
87.0

Price of iron and
steel (composite)

Receipts of cattle

61.9
59.2
61.5
64.6

Price of cotton
middling

Receipts of cotton

47.8
38.3
44.0
44.0

a
o
£

Price of No. 2 wheat

Receipts of wheat

Building contracts

Carloadings

Petroleum
production

Beehive coke
production

WEEK ENDING
SATURDAY 8—

Lumber production

Bituminous coal
production

[All data are given as relative to the weekly average for 1923 to 1925 as 100J

1936
92.2
92.9
92.6
92.8

100.6 92.2
100.9 103.7
101.9 144.8
100.9 136.2

107.3
109.7
105.3
98.8

104.5
106.4
109. 5
112.7

107.8
107.3
107.3
102.0

92.8
96.7
95.5
95.1

111.4
110.5
113.6
112.7

95.5
93.1
95.1
93.1

93.5 96.8 143.1
93.4 96.9 179.8
93.1 100.6 160.9
93.9 101.5 111.5

93.6
92.7
95.4
95.2
99.4

106.4
104.5
106.4
107.3
108.6

85.7
86.5
82.9
88.2
79.2

95.5
95.7
96.0
95.4
96.5

June 5
-12
19 . .
26._

88.9
98.8
97.5
101.0

100.5
107.3
109.5
104.5

79.6
80.0
75.1
76.3

July

97.4 100.5
85.2 80.9
103.8 102.3
104.1 99.1
108.2 104. 5

66.5 97.8
71.8 97.6
74.3 98.6
69.4 99.4
71.8 101.6

111.9
94.0
113.0
113.2
115.0

104.1
109.1
108.1
115.1

105.5
106.4
105.5
108.2

67.8
66.5
74.7
73.9

102.8
103.8
104.2
104.5

113.0 104.5
105.2 95.0
117.5 104.5
120.2 106.4

75.1
74.3
80.0
80.4

Mar.

Apr.

6
13
20
27

... ..

3
10
17
24

--_

May 1
8
15
22
29

3
10
17
24
31

.-

Aug. 7
14
21
28

Sept. 4
11
18 . _.
25

..
.

120.4
119.0
123.2
112.7

71.7
72.1
71.0
71.0

94.0
94.0
93.9
93.9

99.1
98.7
98.9
97.6

112.1 94.4 130.2 112.1 111.4
111.3 96.2 110.5 103.0 111.4
111.6 97.5 121.2 103.0 105.7
111.6 95.9 110.9 118.2 105.7

32.8 51.9
41.2 46.9
35.1 43.5
44.3 38.8

68.7 59.0
73.1 67.8
80.7 73.7 ~Il§.~3
87.3 73.5 123.2

71.3
71.0
70.6
69.5

93.9
93.1
93.1
92.9

97.7
97.0
97.6
97.3

112.4
111.7
111.2
111.0

143.3
144.3
127.6
164.7
145.9

47.2
44.2
38.9
45.3
60.8

44.6
39.2
40.0
35.8
38.5

97.5
96.5
85.8
85.4
94.3

77.5
73.3
65.5
71.0
77.5

116.2
117.6
119.0
116.2
116.9

69.5
70.6
69.9
69.1
69.5

92.7
92.7
92.6
92.1
91.8

96.7
97.3
98.0
98.4
98.2

111.6 97.7 106.4
112.1 96.1 121.8
111.7 97.7 108.6
111.2 97.3 113.9
111.0 98.1 107.8

96.4 98.7 108.0
96.7 110.6 130.8
96.5 108.9 116.4
97.0 110.8 130.6

46.3
46.7
44.2
71.4

33.1 94.0
30.8 91.5
24.6 92.7
16.5 84.5

74.6
90.6
74.6
70.3

104.2
109.9
108. 5
102.1

69.1
66.9
67.6
68.4

91.4
91.0
90.8
90.8

97.7
98.9
98.0
97.8

111.7
111.3
112.5
111.6

108.9
137.1
141.2
116.3
163.6

110.7
173.6
179.4
242.5
323.5

18.6 94.9
13.1 88.6
20.0 102.5
20.0 93.4
25.4 92.7

71.0 95.1
69.6
66.1 104.2
69.8 101.4
67.2 102.8

67.3
70.2
68.4
69.5
70.6

91.2
91.2
91.0
91.0
90.8

113.0
115.7
113.6
118.5

105.3
131.8
131.6
171.4

296.8
235.2
175.5
137.0

22.7 74.4
43.8 97.5
53.5 101.3
61.2 102.2

69.8
66.1
66.9
59.0

97.9
96.5
95.8
95.8

69.5
65.4
66.9
70.2

105.4
104.8
104.3
104.2

120.1
107.5
123.8
123.4

125.7
167.7
140.5
156.2

162.1
153.2
147.6
122.4

101.9
113.8
195.4
249.2

122.2
119.9
132.0
139.2

59.9
59.8
63.2
59.5

93.7 68.8
94.4 68.0
96.5 62.9
96.5 55.9

123.7
123.6
126.2
126.1
126.9

150.7
122.6
161.6
138.6
146.4

116.0
109.6
91.8
109.3
118.0

321.5
360.4
359.2
353.5
328.1

129.1 58.6 97.9
144.9 63.5 96.5
140.8 66.3 97.9
141.8 74.0 100.0
149.4 78.9 100.7

103.8
103.9
107.4
108.4
112.8

88.8
81.7
84.3
77.3

94.7
96.3
94.2
98.1

129.6
131.8
128.2
122.4

104.9 118.9
105.0 120.6
105.1 96.3
105.0 108.8

112.5 115.1 108.6 116.2 104.9 97.3
120.7 97.0 105.7 119.0 105.3 98.5
114.5 109.1 102.9 116.7 105.8 106.9
117.6 84.8 97.1 119.8 106.1 116.5

93.9
93.9
90.9
97.0
97.0

91.4
91.4
91.4
94.3
94.3

122.3
120.4
119.5
119.9
122.5

106.3
106.1
106.4
106.4
106.5

121.1
99.0
102.9
101.5
106.6

106.2 100.0
110.2 97.0
117.8 90.9
111.6 103.0

94.3
94.3
97.1
97.1

123.6
124.2
128.0
128.8

106.4
106.5
106.5
106.4

83.8
92.9
98.3
98.3

96.7
97.1
96.7
95.9
95.3

113.1 97.2 115.1 115.1
112.5 94.6 118.2 109.1
112.1 96.6 117.4 103.0
111.9 98.1 117.8 97.0
111.8 95.0 105.4 106.1

94.3
97.1
100.0
100.0
102.9

129.9
131.3
132.8
131.6
133.4

106.3
106.3
106.2
106.0
105.9

91.2
75.2
87.0
88.2
97.5

90.8
90.8
90.8
90.8

95.1
94.8
94.7
95.3

112.6
112.9
112.5
112.6

109.1
109.1
109.1
115.1

102.9
105. 7
108.6
108.6

135.5
137.5
138.7
137.2

106.2
106.2
106.0
106.0

92.1
91.2
88.9
89.9

90.8
90.7
91.3
91.5

95.0
95.6
95.4
95.1

113.5 96.0 102.3 115.1
113.6 95.9 92.2 121.2
114.5 92.4 115.6 121.2
114.1 94.3 119.1 127.3

111.4
111.4
111.4
114.3

137.2
140.1
138.8
139.0

106.2 92.6
106.2 73.5
106.1 80.3
106.0 82.6

52.6
48.2
50.0
46.3
46.7

91.4
91.4
92.1
92.1
92.2

95.4
94.9
95.3
95.5
96.5

115.2
115.3
115.3
115.0
114.5

93.7
95.1
94.3
95.6
95.0

108.5
130.3
107.7
131.9
115.8

133.3
115.1
124.2
103.0
109.1

114.3
114.3
117.1
114.3
111.4

140.5
136.3
134.4
132.9
134.6

105.8 81.8
105.8 96.1
106.0 92.1
105.8 105.9
106.3 105.7

95.9
97.5
96.8
98.1

97.3
97.2
96.9
97.3

115.5
106.0
111.4
102.5

Oct.

2
9
16....
23 .
30

123.2
126.9
127.1
130.4
138.4

103.2
106.4
105.5
103.2
105.5

75.1
84.9
82.0
81.6
80.0

105.3
105.8
107.2
109.7
111.9

Nov

6
13
20.
27

134.5 102.3
141.7 99.1
146. 5 99.1
137.6 88.2

78.4
82.4
83.7
80.8

113.2 118.6 127.7 104.1 320.0 123.7
112. 5 116.1 121.3 96.6 307.7 137.0
113.8 112.5 119.1 77.2 305.4 131.3
114.8 98.3 163.0 73.8 278.1 96.8

79.5
85.1
79.4
75.0

99.3
97.9
95.8
97.2

46.7
48.2
47.8
48.2

92.5
92.8
92.9
93.0

98.8
98.4
96.0
96.2

115.0
114.5
114.3
114.6

93.9
95.5
95.1
94.6

111.8
115.5
118.2
112.2

109.1
106.1
112.1
115.1

108.6
105.7
105.7
105.7

136.2
138.1
138.2
140.4

106.6
106.7
106.9
107.1

94.3
103.9
112.3
97.5

Dec.

4. . . .
11
18.
25

150.6
144.6
138.3
107.6

98.2
96.4
90.0
75.9

78.0
75.1
71.8
59.6

114.7 110.4 83.9
115.0 104.2 117.4
115.1 99.1 176.0
115.3 80.6 90.9

68.5
71.4
61.8
50.2

281.5 110.8
260.8 101.9
237.7 103.5
203.5 71.5

96.8
99.7
90.0
78.7

97.2
98.6
97.9

44.5
45.2
46.3
47.8

92.9
92.4
92.3
92.1

96.2
95.9
94.7
94.3

115.0 93.2
114.8 93.0
115.1 89.9
115.5 88.9

108.8
114.5
118.7
126.7

118.2
118.2
118.2
136.4

105.7
105.7
105.7
105.7

140.9
142.4
144.4
145.2

107.1
107.2
107.3
107.4

113.8
114.5
103.9
120.6

Jan.

1. . .
8
15

109.9
136.0
139.3
138.3
138.9

53.2
75.9
85.9
86.8
82.7

70.2
69.4
73.9
75.9
77.6

114.6
114.7
114.8
114.7
113.8

77.2 138.5
98.1 107.4
99.1 97.3
98.3 89.6
99.2 118.4

53.0
59.0
60.0
58.4
65.1

191.5
133.5
150.8
159.6
140.8

64.2 71.6
87.3 100.9
93.0 110.6
94.9 98.9
87.7 97.7

97.9
95.1
97.2
98.6

47.8
48.2
49.6
50.0
50.4

92.0
92.0
91.3
90.5
90.3

94.0
93.9
93.4
94.0
93.3

116.6 90.5
116.7 91.6
115.4 97.3
114.2 99.2
113.6 102.7

106.1
143.2
120.4
119.4
111.1

133.3
115.1
103.0
100.0
97.0

105.7
102.9
102.9
102.9
102.9

144.4
142.2
142.9
143.0
141.0

107.3
107.5
107.8
108.0
108.0

109.1
121.4
142.8
150.4
146.7

139.4
138.4
135.4
131.0

88.2
90.9
94.1
92.3

76.3
76.7
78.0
77.1

115.3 101.3 77.9
118.2 101.0 99.7
118.7 100.2 112.2
119.3 96.3 134.6

77.6
62.5
72.5
55.5

122.3
120.4
105.8
119.2

84.2 90.0
78.8 86.0
83.5 77.5
82.3 87.7

97.2
96.5
96.5
96.5

61.5
51.8
52.2
52.6

90.1
89.5
89.2
88.7

92.7
92.9
91.4
91.0

113.8
113.2
113.0
113.2

127.9 97.0
111.5 97.0
113.9 97.0
102.2 100.0

102.9
102.9
110.0
102.9

143.9
145.6
148.1
149.7

107.8
107.6
107.7
107.6

140.0
145.9
118.9
109.1

Mar. 5
12
19
26

136.1
141.4
133.6
137.2

90.0 76.3
92. a 79.6
93.2 83.7
92.3 81.6

76.6
76.9
78.2
79.1

82.0 96.5
81.8 95.8
85.1 94.4
76.9 93.0

53.3
52.2
51.8
52.9

88.8 91.4 114.4 101.3 134.2 100.0 100.0 150.3 107.5
88.9 91.0 114.3 102.8 114.4 97.0 102.9 150.3 107.7
89.1 89.8 115. 1 101.9 123.7 97.0 102.9 152.2 108.0
89.1 90.3 114.9 102.2 118.7 106.1 102.9 152.1 108.4

117.9
113.8
115.5
120.9

Apr.
P

2
__.
9
16
23
30 -. - -

113.4
84.7
82.1
81.4
86.4

90.9
97.3
97.3
90.0
96.4

83.8
65.8
69.6
76.5
70.4

83.5
80.7
79.4
86.1
80.1

81.7
75.3
61.9
79.5
77.0

93.0
94.4
93.0
95.1
95.8

52.9
53.3
53.3
55.5
56.3

89.1
88.9
88.9
88.5
88.5

90.3
90.7
90.2
89.8
89.8

108.6
108.8
108.7
108.7
108.6

121.4
107.9
114.5
106.9
117.4

May

7
14
21
28

79.2
66.5

88.6
89.9

80.7 99.3
82.7 100.7
100.7

58.8
58.1
59.6

89.0
88.9
88.6

90.2 115.9 100.6 131.0 97.0 100.0 161.6 108.8 105.9
89.8 115.6 103.2 114.4 106.1 100.0 164.0 109.1 108.6
109.0 109.1
90.1 115.7 102.3 121.9 97.0 100.0

.

1927

22
29

Feb.

5 _
12
19
26.

-_

_

80.0
78.8
71.8
69.0
71.8

84.0 102.3
86.0 101.4
99.1

118.3
118.1
118.2
118.2

103.8 72.9
104.9 123.3
105.0 161.6
105.2 147.5

57.7 96.9
61.8 103.8
51.1 97.7
31.8 88.5

119.0 103.5 153.6 48.7
119.0 100.1 187.2 43.9
117.8 99.8 156.9 37.5
119.0 99.6 153.1 42.9
120.0 107.1 182.5 41.3

63.3 120.3 106.8 115.5
60.4 119.4 107.3 149.2
141.1
119.0

45.3

114.9
115.2
114.8
114.5
114.8

101.3
102.6
101.2
103.4

101.7
102.8
101.7
102.6
102.6

110.0
129.8
117.9
118.2
114.4

109.1
109.1
109.1
97.0
103.0

102.9
97.1
100.0
102.9
100.0

154.3
157.6
159.7
161.3
159.2

1
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 P. W. Dodge Corporation; Receipts of wheat from Bradstreefs; 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 oj Trade through U. 8. Department 0} Agriculture, Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts from
Federal Reserve Board; Call-money and Time-money rates, and Bond prices from Wall Street Journal; Stock prices from Annalist: Business failures from R. G. Dun &
Company.
2
The actual week for all items does not always end on same day.




WHOLESALE PRICES FOR SPECIFIED COMMODITIES
[Relative numbers, 1926 monthly average taken as 100. April, 1927, is latest month plotted]

WHEAT, WINTER

120 f

!00
M *
B

80
120
100

» J
M

*•«

.., ..,

,

f

-f

BEEF, CARCASS

^CATTLE, STEERS
I2< .1
.,

.. .. • ••

... • . 1

..

••{

..

..

HOGS,
0'

•^

80
SUGAR, RAW

160

120

OATS

»^

.•

'., ••'

mm

r

X*

CORN, NO. 2

FLOUR.WINTER

..; .., .

•«

HAMS, SMOKED

HEAVY

...

•• -.,

..
.

*«*«

SUGAR, GRANULATED

••' ..

.•

(CHICAGO)

. . " •. ..
.
*

••,

RUBBER, CRUDE

COTTONSEED OIL

%

^%

« |
M

100

••

••••

9»

•»

.-•

***» *«^ MM
,..

••, ••'

,. ..

.,
*

mm

80

\

t

'

\
\

/s

\

.

\
•

...

• .,

•** X **fc

60
120 i

CO

liO

\
•••

80

*•, ..

t
*t

«**• **- MM

X^
•.

100

'•.

•*"

.
,

'* »

..

'*

••
••

y

.
.

M
MM
M

•*

...

'"*

90

•• ..

STEEL BEAMS

no
^.

H••••

90

• •'

*. .'•

••
*•« s^

80

••«

l « *

LUMBER, PINE, SOUTHERN
•
t

• B
B B

•

•• •• .. s

'* '-. • „

„» ,-••
.•

..

••.,

•• • • •'

•
•.

*•

•
BBH mm

*• ...

.4*

••'

'"'

'•

B RIC5K, COMMON, NEW YORK

CEMENT, LEHIGH

<
*""? . > %

••

,
••, ..,
-1

••

nmm.Hii

H 1 H S H 1H 1 H 1 U H £ i H H i 1 U $ H 1 H H




•--

ZINC

•^« s*
X

* ^
* ,

'.

^

TIN

COPPER INGOTS

**• X

/ *.
"

4..
..

COKE

^*
^

*«,

••

189.4

-*v

N

Ik
PIG IRON, FOUNDRY

176 6

'"

*
.

'

s

0

COAL, BITUMINOUS

..}.. .. .

H
"

100

•-

PETROLEUM

100

100

.. ••.

..

LEATHER, SOLE, OAK

••' • .

x

'•f

BOOTS AND SHOES, (ST. LOUIS)

110 >..
••

t.

,-.

•.

HIDES, PACKERS

^t"l

60

•
^•ft

*,

•*

•"**

SfLK, RAW
..
.

80

••

mm

80
120

>.

.
.

tt .

WORSTED YARNS
....

*•

\

\

5 70
_J
in
* 120

.
.

"

'
•V*

•a

•
». •

(BOSTON)

-.

•.

.. ».,

5 90

WOOL, i/j GREASE

COTTON PRINT CLOTH

.,
*

£100
UJ

COTTON YARN

COTTON, RAW

** •

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics; nonferrpus metals
from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to producer or at mill.
•
,
RELATIVE PRICE
ACTUAL PRICE

(dollars)

1926 average =100

1913 average =100

Unit

COMMODITIES

March,
1927

April,
1927

April,
1926

1.209
.652
1.270
.125
25. 43
.0682
.1089
.1155

1.172
.656
1.266
.123
25.80
.0713
.1041
.1197

1.422
.657
2.705
.166
31.51
.0666
.1149
.1132

1.37
1.34
.73
.49
.78
1.00
21.00
.144
.44
11.92
11.01
8.00
15. 06

1.34
1.34
.74
.48
.83
1.03
21.00
.146
.43
12.28
10.51
7.78
15.81

Barrel .
Barrel
Pound
Pound.
Pound
Pound
Pound . .
Pound

7.33
6.58
.048
.058
.10
.170
.158
.270

Pound
Yard
Yard
Pound .
Yard
Yard
Pound
Pound
Pound Square footPound
Pair
Pair

.312
.069
.081
1.38
.975
3.29
5.39
.140
. 152 ..
.46
.43
6.40
4.85

March,
1927

March,
1927

April,
1927

April,
1926

153
106
213
104
117
116
145
189

148
106
212
103
118
121
139
196

180
106
453
138
145
113
153
186

89
93
68
83
93
106
92
100

87
94
68
81
95
110
88
103

1.67
1.69
.73
.43
.69
.89
25,00
.192
.44
9.13
11.74
8.53
13.53

150
136
117
129
124
157
159
113
176
140
132
171
193

147
135
118
127
132
162
159
115
172
144
126
166
203

183
171
116
113
110
140
189
150
176
107
140
182
174

88
87
96
114
111
104
94
82
96
125
89
121
110

86
87
97
112
119
107
94
83
94
129
85
118
115

7.25
6.58
.048
.058
.09
.170
.176
.268

8.76
7.51
.041
.052
.12
.160
.152
.301

160
171
137
136
131
131
121
162

158
171
137
137
126
131
134
161

191
195
117
121
171
124
116
181

87
91
112
106
91
104
101
88

86
91
112
106
82
104
112
87

.312
.068
.081
1.35
.975
3.29
5.54
.152
.160
.46
.43
6.40
4.85

.374
.077
.098
1.45
1.05
3.51
5.49
.114
.165
.46
.46
6.40
5.00

126
131
132
177
208
213
148
76
81
171
96
206
153

126
129
132
174
208
213
152
83
85
171
96
206
153

151
146
160
187
224
227
151
62
88
176
103
206
158

87
91
87
96
95
97
91
99
87
102
98
100
99

87
90
87
94
95
97
93
108
92
102
98
100
99

April,
1927

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

Bushel
Bushel
Bushel
Pound - Ton .-_
Pound
Pound -.
Pound

-

-

FARM PRODUCTS-MARKET PRICE
Bushel
Wheat, No. 1, northern spring (Chicago)
Bushel
Wheat, No 2, red winter (Chicago)
Bushel.. .-_
Corn, contract grade No. 2, cash (Chicago).
Bushel
Oats, contract grades cash (Chicago)
Bushel
Barley, fair to good, malting (Chicago) ..
Bushel
Rye, No 2, cash (Chicago)
Tobacco, burley, good leaf, dark red (Louisville)
Cwt_
Cotton, middling upland (New York)
- -- Pound . Pound
Wool, ii blood, combing, Ohio and Pennsylvania fleeces (Boston)
Cwt
Cattle steers good to choice corn fed (Chicago) _
Cwt
Hogs, heavy (Chicago)
Cwt
Sheep ewes (Chicago)
Cwt
Sheep, lambs (Chicago)
FOOD
Flour standard patents (Minneapolis)
Flour winter straights (Kansas City)
Sugar 96° centrifugal (New York)
Sugar granulated in barrels (New York)
Cottonseed oil prime summer yellow (New York)
Beef fresh carcass good native steers (Chicago)
Beef fresh steer rounds No 2 (Chicago)
Pork smoked hams (Chicago)
CLOTHING
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston).
Cotton-print cloth, 27 inches, 64 x 60-38^"-5. 35—yards to pound
Cotton sheeting brown 4/4 Trion (New York)
Worsted yarns 2/32's cross-bred stock white in skein (Boston)
Woman's dress goods, French, 39 inches at mills, serge
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)-Silk raw Japanese Kansai No 1 (New York)
Hides green salted packers' 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 Kanawha (Cincinnati) _
Coal anthracite chestnut (New York tidewater)
Coke, Connellsville (range of prompt and future) furnace— at ovens. ._
Petroleum crude Kansas- Oklahoma—at wells

Short ton.__
Long ton
Short ton.__
Barrel

3.64
10.61
3.65
1.335

3.64
10.58
3.49
1.114

3.39
11.48
3.13
1.800

166
200
150
143

166
199
143
119

154
216
128
193

101
92
88
71

101
92
84
59

Long ton
Long ton
Long ton
Pound
Pound
Pound.. .-Pound
_

20.26
18.40
34.00
.1308
.0758
.6783
.0669

20.26
19.00
33.25
.1281
.0713
.6607
.0634

20.76
18.63
35.00
.1371
.0797
.6196
.0700

127
125
132
86
173
156
122

127
129
129
84
163
152
115

130
127
136
90
182
142
127

98
99
97
95
90
107
91

98
102
95
93
85
104
86

M feet...
Mfeet
Thousand.. .

39.66
16.80
17.00

39.56
17.24
16.50

46.88
16.50
17.00

172
182
259

172
187
251

204
179
259

88
102
105

88
105
102

158
126
35
75

158
126
34
75

163
129
49
75

97
97
75
103

97
97
72
103

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 desilverized 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 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

1.60
1.90
.286
.75

1.60
1.90
.274
.75

1.65
1.95
.395
.75

8
PIG IRON PRODUCTION AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS
[April, 1927, is latest month plotted]
14,000

600

MINERAL PRODUCTION AND RAILROAD TON-MILEAGE
[Relative numbers, monthly average, 1923-1925 taken as 100]

FACTORY EMPLOYMENT, MANUFACTURING, AND ELECTRIC POWER PRODUCTION
[Relative numbers, monthly average, 1923-1925 taken as 100]

60




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, while further details are
given in the table entitled "Indexes of Business" on pages 18 to 20]

1

April, 1927,
from
March, 1927

April, 1927,
from April,
1926

February

March

April

February

March

April

128
121
142
114
117
119
190
133

130
92
113
95
79
114
174
90

132
97
130
113
70
126
191
150

132
89
122
110
57
124
179
155

129
108
137
99
103
103
188
99

136
113
152
118
93
112
206
158

136
96
127
119
67
115

0.0
-15.0
-16.4
+ 0.8
-28.0
+2.7

+ 3.0
-4-7.9
+ 4.1
+ 8.2
+ 17.5
-7.3

156

-1.3

+ 0.6

146

174

171

168

162

199

197

177

-10.2

+9.3

52

56

50

57

55

51

48

50

50

0.0

-2.0

99
165
83
124

105
185
82
125

118
209
84
131

123
229
84
136

111
170
76
104

130
199
85
130

121
202
80
133

107
191
73
106

132
213
83
128

128
244
79
143

-3.0
+ 14.6
-4.8
+ 11.7

+ 5.8
+ 20.8
-1.3
+ 7.5

65
75
78
94

64
73
78
95

70
77
84
98

65
73
86
98

68
75
87
99

67
74
86
98

67
73
87
98

61
71
84
96

60
70
83
95

60
70
83
95

0.0
0.0
0.0
0.0

-10.4
-4. 1
-4.6
-2.6

103
93

110
84

127
84

135
85

140
86

149
87

142
86

150
84

155
84

152
84

-1.9
0.0

+7.0
-2.3

115
119
25

108
116
139

115
122
146

123
127
124

107
105
126

117
111
149

110
137
167

113
110
166

127
115
150

140
180

+ 21.7
+20.0

+ 2. 2
+ 7.8

1923

PRODUCTION:
Manufacturing (64 commodities—adjusted)1
Haw materials, total
Minerals
Animals products
Crops
__
Forest products
_
Electric power
Building (floor space
STOCKS (45 commodities; seasonal adj ustment)
UNFILLED ORDERS (relative to
1920)
SALES (based on value) :
Mail-order houses (4}
Ten-cent chains (5 chains) _
Wholesale trade
Department stores
PRICES (recomputed to 1919
base) :
Producers', farm productsWholesale,all commoditiesRetail food
Cost of living (incl. food) _ _
CHECK PAYMENTS (141 cities—
seasonal adjustment)
FACTORY EMPLOYMENT
TRANSPORTATION:
Net freight ton-miles
Car loadings
Net available car surplus. _

PER CENT INCREASE (+)
OR DECREASE (— )

1937

1926

YEARLY AVEEAGE

1924

1925

1926

119
114
136
117
102
121
143
106

113
119
126
117
118
119
152
108

126
117
133
113
111
126
169
138

119

137

74

See p. 28, January, 1925, issue (No. 1), for details of adjustment.

COURSE OF BUSINESS IN APRIL
GENERAL CONDITIONS
The output of manufactures in April, after adjust- a decline from the preceding month but were 7 per
ments for differences in working time, showed no cent higher than last year. Freight carloadings were
change from the preceding month but was higher than also greater than a year ago. The dollar volume of
last year. Stocks of commodities, with corrections wholesale trade declined from both the previous month
for seasonal conditions, declined from the preceding and April of last year. Retail sales by mail-order
month, but were higher than a year ago. Unfilled houses, although smaller than in March, were suborders for manufactured commodities, principally iron stantially larger than a year ago. Sales by 10-cent
and steel and building materials, showed no change chain stores showed increases over both comparative
from the previous month but were lower than in April, periods, while the volume of trade in department stores
made similar comparisons.
1926.
The production of raw materials, although smaller
Wholesale prices showed a small decline from the
than in the previous month, was greater than last year. preceding month but were substantially lower than a
New contracts awarded for building construction, year earlier. The cost of living was somewhat lower
measured in floor space, were smaller than in either than in March, declining also from a year ago. Prices
the previous month or April, a year earlier. Although of stocks, both industrial and railroad, continued to
the production of automobiles was larger than in average higher. Interest rates on time money, alMarch, the output was smaller than a year ago. Fac- though lower than in April a year ago, averaged higher
tory employment showed a slight decline from the pre- than in the preceding month. Defaulted liabilities of
ceding month, being smaller also than a year ago. failing business firms, although lower than in the preCheck payments, indicative of the general volume of vious month, were substantially higher than in April,
trade, after adjustment for seasc nal conditions, showed 1926,
48401—27


2

10
SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

The output of raw materials in April, although
smaller than in March, was greater than a year ago,
increases over a year ago being registered in all groups,
except forest products. The increase in mineral output over last year was solely due to larger production
of petroleum and lead, all other products of the mine
showing smaller output. In the case of marketings of
crops and animal products, increases were registered
over a year ago in all commodities except grains and
cattle and calves, which declined.
Manufacturing output, after adjustments for differences in working time, showed no change from the previous month, but was higher than a year ago. With
no allowance for working time differences, industrial

other manufactured commodities were smaller than at
the end of March, they were 12 per cent greater than
a year earlier. The unadjusted general index of
stocks also showed a decline from the preceding month
but was almost 10 per cent higher than a year ago.
SALES

The index of unfilled orders for manufactured commodities, principally iron and steel and building
materials, showed no change from the preceding
month, but was lower than a year ago. Iron and steel
showed smaller forward business than at the end of
March, with a similar comparison for a year ago.
Unfilled orders for building materials showed increases,
both over the preceding month and the corresponding

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, 1927, is latest month plotted]

output, measured quantitatively, was smaller than in
March in all groups, except stone and clay products
and miscellaneous, including automobiles. As contrasted with last year, manufacturing production in
April was larger in all groups except iron and steel,
nonferrous metals, lumber, and paper and printing,
which showed declines.
COMMODITY STOCKS

Stocks of commodities held at the end of April'
after adjustments for seasonal conditions, were lower
than in March. As compared with a year ago, however, commodity stocks were held in larger quantities.
Stocks of raw foodstuffs, although showing a decline
from the preceding month, were 6 per cent greater
than a year ago, while stocks of other raw materials
for manufacture, declining from the preceding month
also, showed an increase of 20 per cent over a year ago.
Stocks of manufactured foodstuffs were held in larger
quantities than at the end of March but showed a
substantial decline from a year ago. While stocks of




month of 1926. As compared with the 1920 monthly
average, the general index of unfilled orders at the end
of April was 50 per cent smaller.
Mail-order sales, although smaller than in the
preceding month, were larger than a year ago. Sales
by 10-cent chain stores showed increases over both the
preceding month and April, 1926. Other chain-store
systems, including cigar, candy, and shoe chains, likewise showed increases over both prior periods. While
the sales volume in grocery chains was smaller than in
March, a substantial increase was registered over a
year ago. Department-store trade showed a larger
dollar volume than in either the previous month or
April, 1926. Merchandise stocks of department stores,
although slightly larger than in March, showed no
change from the preceding year. The dollar volume of
wholesale trade was lower than in either the preceding
month or April a year ago, all lines showing declines
from the previous month and a year ago except shoes,
which showed an increase over last year, and hardware,
which showed no change from a year ago.

11
PRICES

Wholesale prices in general were lower than in
either the previous month or April, 1926, with all
groups showing declines from both the preceding
month and April of last year, except cloths and clothing and chemicals, which increased over March, 1927.
As compared with a year ago, price declines of more
than 5 per cent were registered in farm products, fuels,
chemicals, and sundry miscellaneous items, with the
smallest decline registered in prices for house furnishings. Keclassified, the general price index showed
declines from both the preceding month and April a
year earlier in all major groups, except consumers'
goods, which showed no change from the preceding
month. The greatest decline from a year ago was

which was the same as-in March but higher than a year
ago, and shelter and clothing, which showed no
change from the preceding month.
EMPLOYMENT
Factory employment in April showed smaller
numbers on the pay rolls of representative factories
than in either the preceding month or the corresponding month of the previous year. Declines in the
number of employees as compared with March were
registered in all industrial groups except chemicals,
stone, clay and glass products, and vehicles, which increased. As compared with a year ago, increased employment in food, textile, paper and printing, chemical
and sundry miscellaneous industries, was insufficient to
offset declines in iron and steel, lumber, stone, clay and
glass, nonferrous metals, tobacco and vehicle factories.

WHOLESALE PRICE COMPARISONS, BY GROUPS
[April, 1927, is the latest month plotted]

250
240
230

registered in prices for producers' goods, while the
smallest was shown in raw materials. Commercial
indexes of wholesale prices showed generally the same
conditions.
The index of prices received by farmers declined
from both the previous month and April of last year.
As compared with March, prices for fruits and vegetables averaged higher, all other groups declining.
Contrasted with a year ago, all groups were lower in
price, with the greatest declines occurring in fruits and
vegetables and cotton and cottonseed.
Retail prices for food were lower than the preceding
month, a decline also being shown from April, 1926.
The general cost-of-living index, while showing no
material change from the previous month, was substantially lower than in April of a year ago, most items
showing declines from both prior periods except light



Factory pay-roll payments were likewise smaller in
April than in either the preceding month or April of last
year. Increased pay-roll payments in stone, clay and
glass, vehicle, and sundry miscellaneous industries
being insufficient to offset declines in food, textile, iron
and steel, lumber, leather, paper and printing, chemical, nonferrous metals, and tobacco factories. As
compared with a year ago, pay-roll payments were
larger in all groups, except iron and steel, lumber, nonferrous metals, tobacco, and vehicles, which declined.
Reports from States and cities on employment
conditions showed practically the same trends.
Reduced to a percentage of the number on factory
pay rolls, lay offs in April were larger than in the
preceding month or April, 1926, while voluntary
quits were smaller than in either prior period. Industrial accessions, although showing a decline from a
year ago, increased over the preceding month.

12
REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

March wool receipts at Boston were slightly larger
than those of the previous month but considerably
less than the year before due to a decline in the
receipts of foreign wool. Imports of wool were less
than in either the previous month or April, 1926.
The consumption of wool by textile mills was considerably smaller than in March but slightly larger than
for the corresponding month of the previous year.
The activity of wool machinery was also less than
during the previous month, although most kinds of
machinery were more active than a year ago.

from March but were considerably lower than a year
ago.
The production of cotton textiles in April was less
than for the previous month for seven of the nine
groups shown separately but exceeded the production
of April, 1926, in every group but one. Stocks of
finished textiles at the end of April were uniformly
larger than those at the end of March but were
generally less than a year ago. Unfilled orders exceeded those at the end of the previous month in six
of the nine groups shown and were much larger than
at the end of April, 1926, for every group except one.

THE TEXTILE INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. April, 1927, is latest month plotted]

1922

1920

1921

1923

1924

1925

1926

1927

1922

1923

1924

1925

1926

1927

The consumption of cotton by textile mills was
considerably less than during March but was larger
than during April of last year. Exports of unmanufactured cotton also declined from the previous
month and exceeded those of a year ago. Stocks of
cotton at mills and warehouses continued to decline
seasonally but exceeded those at the end of April,
1926. The world visible supply of cotton was also
larger than a year ago.
The number of cotton spindles active during April
varied only slightly from either the previous month
or a year ago. The hourly activity, however, was
considerably less than in March but was greater than
in April, 1926. Cotton prices showed little change




20

1920

1921

1922

1923

1924

1925

1926

1927

Exports of cotton cloth were larger than during either
the previous month or a year ago.
The consumption of silk in April was only slightly
less than during the previous month and much larger
than a year ago. Imports also declined from March
and exceeded those of April, 1926. Stocks of silk
were practically the same as at the end of March, a
decline in warehouse stocks being offset by an increase
in mill stocks. The activity of silk machinery was
generally less than during the previous month.
Such changes from March as occurred in the price
of raw wools and woolen goods were downward; prices
uniformly declined from a year ago. Prices of cotton
goods showed a similar trend. The price of raw silk,

13
on the other hand, was higher than for either the
previous month or April of last year.
METAL INDUSTRIES

The consumption of iron ore and the production of
pig iron were slightly less than during either the
previous month or the corresponding month of last
year. Stocks of iron ore continued to decline seasonally but were larger than at the end of April, 1926.
The first shipments of iron ore from the mines began
in April, somewhat earlier than a year ago.
The output of steel ingots was less than in March
and practically the same as a year ago. Unfilled
orders of the United States Steel Corporation again
declined and continued smaller than a year ago.

group and shelving, were less than in either the
previous month or April of last year. Shipments of
steel boilers exceeded, both in number and square
footage, those reported during the previous month.
The production of copper at the mines was slightly
larger than in March but less than a year ago. The
refined copper output, on the other hand, was less
than during the previous month but considerably
larger than in April, 1926. Stocks of copper, both
refined and blister, were less than at the end of April,
stocks of refined being greater and those of blister
copper less than a year ago. Exports of refined
copper exceeded those of either the previous or corresponding month of last year.

THE METAL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. April, 1927, is latest month plotted]

WHOLESALE PRICE
S INDEX, METALS

920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

The output of steel sheets, while less than in March,
was substantially larger than in April, 1926. The
production of both steel and malleable castings
declined from both the previous month and the
corresponding month of last year. New orders for
malleable castings were larger and those for steel
castings smaller than during either prior period.
New orders for fabricated structural steel were larger
than for either the previous month or the corresponding month of last year, while shipments exceeded
those of March.
New orders for fabricated steel plate declined from
the previous month but were larger than a year ago.

New orders for steel furniture, both in the business


1920

1921

1922

1923

1924

1925

1926

1927

2p.i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ! 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

1920

1921

1922

1923

1924

1925

1926

1927

Deliveries of tin to consuming establishments were
greater than during March but were less than a year
ago. The world visible supply of tin was smaller than
at the end of either the previous month or April, 1926.
Imports of tin were larger than during either previous
period.
The production of zinc was less than for either the
previous month or the corresponding month of last
year, being accompanied by a decline from both
periods in the number of retorts in operation. Stocks
of zinc ore exceeded those at the end of either prior
period. The production of lead was larger than for
either the previous month or the corresponding moof last year.

14
FUELS

The production of bituminous coal was less during
April than for either the previous month or the corresponding month of last year. The production of
anthracite coal, on the other hand, was larger than in
March. The production of coke, both beehive and
by-product, declined from the previous month, the
PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL
[April, 1927, is latest month plotted]

Imports of crude rubber substantially exceeded
those of either the previous month or the corresponding
month of last year. The production of pneumatic
tires and of inner tubes exceeded that for either the
previous month or April, 1926. Domestic shipments,
however, were slightly less than during March
although considerably greater than a year ago, while
stocks continued to increase. A table showing revised
figures on the production, stocks, and shipments of
pneumatic tires, inner tubes, and solid and cushion
tires for each month from January, 1921, to date, is
shown on page 21 of this issue.
HIDES AND LEATHER

BEEHIVE AND BY-PRODUCT COKE PRODUCTION
[April, 1927, is latest month plotted]

Imports of hides were slightly less than for either
the previous month or April, 1926, all classes, except
sheepskins, declining from March and only cattle
hides and goatskins showing slight increases over a
year ago. Hide prices advanced as compared with
both prior periods.
Exports of sole leather were much smaller than for
either the previous month or for April, 1926. Exports of upper leather, while less than a year ago, exceeded those of March. Shipments of belting were
less, both in quantity and in value, than for either
prior period. The production of boots and shoes was
10 per cent less than in March but was greater than
a year ago. Exports of shoes, on the other hand, were
larger than in the previous month but less than in
April, 1926.
PAPER AND PRINTING

output of beehive coke being also smaller than in
April, 1926. Wholesale coal prices averaged slightly
higher than in March, while retail prices declined.
Prices of bituminous coal, both wholesale and retail,
were higher and those of anthracite lower than a year
ago. The price of coke declined from February but
exceeded that of last year.

NEWSPRINT PAPER PRODUCTION AND MILL STOCKS
[April, 1927, is latest month plotted]

AUTOMOBILES AND RUBBER

The production of passenger cars in the United
States exceeded that of the previous month but was
less than in April, 1926. The production of trucks,
on the other hand, was slightly less than for either
prior period. The Canadian production of both
passenger cars and trucks in April was larger than for
either the previous month or the corresponding
month of last year. Exports from the United States,
both of passenger cars and of trucks, considerably
exceeded those of either prior period, while Canadian
exports declined sharply from the previous month.
Revised figures on automobiles, with monthly comparisons, beginning with January, 1913, are given on
page 22 of this issue.



The production of wood pulp, both mechanical and
chemical, was less than in either the previous month
or in April, 1926. The output and shipments of newsprint paper in the United States also declined from
both prior periods while the Canadian output and ship-

ments, though greater than a year ago, were less than
in March. Box-board production and shipments also
declined from the previous month, the output being
less than a year ago. New orders and unfilled orders
for box board, although less than in March, were
greater than in April, 1926.

15
BUILDING

Such changes from the previous month as occurred
in building costs were downward, there being an even
more marked decline from April, 1926. The volume
of new building contracts was less in square footage
than for either the previous month or April, 1926, all
classes except industrial buildings declining from both
periods. The value of building contracts awarded in
April was also less than in the previous month but was
larger than a year ago, increases from March in the
value of residential buildings and public works and
utilities being insufficient to offset declines in the values
of contracts for other types. Fire losses, while larger
than in March, were considerably less than a year ago.

larger than for either prior period. New orders for
architectural terra cotta increased seasonally over
March but were considerably less than a year ago.
The output and shipments of Portland cement exceeded considerably those of either the previous month
CEMENT PRODUCTION AND STOCKS
[April, 1927, is latest month plotted]

LUMBER AND LUMBER PRODUCTS

The production of lumber was generally less than
in either the previous month or April of last year, increases from the March output occurring only in the
cases of western, North Carolina, and northern pine,
while no increases over the output of April, 1926, were
recorded. Shipments of lumber showed no definite
trend, those of southern pine and of walnut decreasing
and those of Douglas fir, western pine, and North Carolina pine increasing from both prior periods. New
orders for lumber were generally larger than in April,
1926, only those for southern pine showing a decline
from a year ago. There was a general falling off in
new orders from March, however, the only increases
being for Douglas fir and walnut logs. Stocks of lumber declined from the previous month and, except in
the case of western pine nad walnut logs, stocks w^ere
less than at the end of April, 1926.
The production and stocks of flooring, both maple
and oak, were less than for either the previous month
or the corresponding month of last year. Shipments of
maple flooring exceeded and those of oak flooring were
less than those for either prior period. * New orders
and unfilled orders of both kinds of flooring were
larger than for March or the corresponding month of
last year.

or of April, 1926. Stocks, while slightly less than at
the end of March, were larger than a year ago. New
contracts for concrete pavements increased seasonally
and were also considerably larger than in April, 1926.
CHEMICALS AND OILS

Receipts of turpentine and rosin were very much
larger than during either March or the corresponding
month of last year. Exports of sulphuric acid also
greatly exceeded those of the previous month and were
almost as great as a year ago. Imports of potash were
less than for either prior period and imports of nitrate
WHOLESALE PRICES OF CHEMICA.LS, BY GROUPS
[April, 1927, is latest month plotted]

STONE AND CLAY PRODUCTS

The April output of face brick was less than for
either the previous month or April, 1926. Shipments
and unfilled orders, while larger than in March, were
slightly less than a year ago. Stocks, which declined
from the previous month, exceeded those of a year
ago. Shipments and stocks of paving brick increased
seasonally but were considerably less than in April,
1926. The production was almost as great as during
the previous month and was larger than a year ago,
while orders received and unfilled orders exceeded
those of either prior period.
New orders, shipments, and unfilled orders of vitreous china plumbing fixtures declined from the previous month, shipments and unfilled orders also being
less than a year ago. Stocks, on the other hand, were




of soda, while slightly larger than in March were considerably less than a year ago. Exports of fertilizer
exceeded those of either prior period. The consumption of cottonseed and the production of cottonseed oil
were considerably less than in March but greater than
a year ago.
FOODSTUFFS AND TOBACCO

The visibile supply of wheat was larger than a year
ago. Receipts, shipments, and exports of wheat
were each larger also than last year. The visible supply
of corn exceeded that of a year ago. Corn shipments at
primary markets were likewise larger than last year

16
while receipts and exports showed declines from April
a year ago. Wheat prices were lower and corn prices
slightly higher than for either the previous month
or the corresponding month of the preceding year.
Receipts and shipments of cattle and calves at the
principal primary markets were smaller than during
either the previous month or the corresponding month
of a year earlier. Prices for cattle continued higher
than for either the previous month or the same month
of last year. Receipts and shipments of hogs at primary markets were smaller than in March, receipts
being slightly larger and shipments smaller than in
April, 1926. Prices of pork and pork products aver-

eggs made similar comparisons with both prior periods.
The total fish catch, although smaller than in the
previous month, was greater than a year ago.
Imports of raw sugar were larger than in March
but considerably less than a year ago. Meltings, while
less than in March, exceeded those of April, 1926,
and exports of refined sugar showed the same tendency.
The wholesale prices of raw and refined sugar were
unchanged from the previous month, but were considerably higher than a year ago.
Imports of coffee were larger than during March
and only slightly less than a year ago, with declines
from both periods registered in the visible world supply.

THE FOODSTUFF INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. April, 1927, is latest month plotted]

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

aged lower than in either prior period. Receipts and
shipments of sheep and lamb declined from both the
previous month and April, 1926.
Receipts of poultry at principal markets recorded
a decline as compared with both the previous month
and April, 1926, but storage holdings at the end of
April were considerably larger than a year ago.
Butter and cheese receipts were larger than in either
the previous month or April of last year. Cold-storage
holdings of butter were substantially smaller than a
year ago. Storage holdings of cheese also showed a
decline from last year. Egg receipts in April were
considerably larger than in either the previous month
or the same month of 1926 while storage holdings of



Receipts of coffee in Brazil were less than during the
previous month but considerably larger than a year
ago, while clearances declined from both periods,
despite an increase over April, 1926, in clearances
for the United States. Imports of tea declined slightly
from March but exceeded those of last year. Tea
stocks in the United Kingdom were practically the
same as at the end of April, 1926.
Exports of unmanufactured leaf tobacco and of
cigarettes were considerably less in April than during
either the previous month or the corresponding month
of last year. The consumption of tobacco also declined from March and, except in the case of cigarettes,
from a year ago.

17
Carloadings of goods showed an increase over a
year ago, all classes of commodities, except coal and
coke and forest products participating in the advance.
The freight-car surplus at the end of April, while
slightly larger than at the end of the previous month
was less than a year ago. Traffic on inland waterways
in the vicinity of Pittsburgh declined from April,
1926, although that on the Mississippi and through
the Sault Ste. Marie Canals increased.

stocks continued to increase and were at a substantially higher level than a year ago. Bond prices also
averaged slightly higher than in either March or the
corresponding month of last year. More business
firms failed during April than during the corresponding month of 1926, with liabilities also showing an
increase over those reported last year. There was a
noticeable decline, however, both in the number and
liabilities of failing concerns as compared with the
previous month.

DISTRIBUTION MOVEMENT

GOLD AND SILVER AND FOREIGN TRADE

Mail-order and 10-cent chain store business in
April was uniformly greater than a year ago and,

Imports of gold were less than during March but
larger than a year ago. Exports of gold and domestic

TRANSPORTATION

BANKING AND FINANCE
[Relative numbers, monthly average 1923-1925 taken as 100. April, 1927, is latest month plotted]

1920

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1926

1927

BUSINESS PROFITS AND LOSSES

1920

1921

1922

1923

1924

1925

1926

1927

with exception of mail-order business, sales also
exceeded those of the previous month. Newspaper
and magazine advertising were greater than in March,
while magazine advertising also exceeded that of a
year ago. Postal receipts declined from the previous
month but were larger than a year ago.

1920

1921

1922

1923

1924

1925

receipts at the mint, on the other hand, declined from
both prior periods. The production in the United
States and imports of silver also declined both from
the previous month and April, 1926, and exports,
while larger than in March, were less than a year ago.
Exchanges on the principal foreign countries showed
little change from the previous month, except in the
BANKING AND FI ANCE
case of the Italian lira which showed a marked inCheck payments, both in and outside New York crease. Compared with a year ago, rates of exchange
City declined from March but exceeded April, 1926. on France, Italy, Japan, and Argentina increased,
Loans and discounts by Federal reserve member while the rate on Brazil declined substantially.
banks were practically the same as during the pre- April imports of merchandise into the United States
vious month and larger than a year ago. Interest were less than during the previous month or the corrates showed a slight upward tendency but were responding month of last year. Exports, however,,
generally less than during April, 1926. Prices of were larger than for either prior period.

48401—27


3

18

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.
1926

PEE CENT INCREASE (+) OR
DECREASE (— )

1927

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

February

March

April

February

March

April

180

73

92

97

89

108

113

96

15 0

+ 7.9

165
239
155
122
273
152
193
149
131
145

62
105
41
0
0
17
78
38
57
80

113
173
120
28
0
135
169
132
75
107

130
192
119
120
0
150
185
140
59
110

122
190
103
112
0
145
166
139
77
105

137
215
136
80
0
137
171
136
67
105

152
239
155
83
0
137
193
141
75
108

127
229
89
97
40
140
193
136
70
91

-16.4
4 2
-42.6
+ 16.9
$.
+ 2.2

+ 4.1
+ 20.5
13 6
-13^4

-3.5
-6.7
-15.7

-3. 4
+ 16.3
-2.2
-9. 1
13 3

138
253
143
177
153
245
390
185
190

80
19
58
64
54
30
21
45
94

95
29
76
90
66
90
97
85
124

113
65
88
96
75
147
89
137
141

110
50
83
84
66
176
71
107'
140

99
36
76
89
66
99
96
112
132

118
48
85
101
69
168
80
165
151

119
53
82
84
66
230
71
118
145

+ 0.8
+ 10.4
-3. 5
-16. 8
— 4. 3
+ 36.9
-11.3
-28. 5
4 1

+ 8.2
+ 6. 0
-1.2
0.0
0.0
+ 30. 7
0.0
+ 10.3
+ 3. 6

246
242
254
405
346
170

49
43
58
50
12
19

79
82
97
75
74
79

70
68
133
87
65
41

57
56
102
84
52
32

103
89
119
94
118
100

93
72
155
95
117
61

67
52
150
118 '
74
23

28.0
-27.8
-3.2
+ 24.2
-36. 8
-62. 3

+ 17.5
-7. 1
+ 47. 1
+ 4Q. 5
+ 42. 3
-28. 1

136
137
164
267
149

61
59
51
20
24

114
119
97
45
104

126
132
110
31
113

124
125
129
74
115

103
107
90
42
100

112
115
108
66
110

115
110
129
189
101

+ 2.7
-4.3
+ 19.4
+ 186. 4
-8.2

7.3
-13. 6
0.0
+ 155. 4
-12.2

136
142
129
133
152
166
115
127
210
174
195
137
164

71
68
77
54
32
57
63
69
92
69
71
70
37

130
121
94
106
128
145
77
113
164
85
152
105
132

132
138
106
117
150
159
88
127
173
115
176
127
154

132
132
101
106
140
154
82
127
166
136
168
116
153

129
120
97
113
127
127
86
106
176
90
149
107
126

136
142
114
133
151
138
98
117
190
138
171
127
159

136
136
113
115
139
129
90
114
183
144
116
120
164

0.0
-4.2
-0.9
-13.5
-7. 9
-6.5
-8.2
-2.6
-3.7
+ 4.3
-2.9
-5. 5
+ 3. 1

+ 3.0
+ 3.0
+ 11.9
+ 8.5
-0.7
16. 2
+ 9.8
-10.2
+ 10. 2
+ 5. 9
-1. 2
+ 3.4
+ 7.2

April, 1927, April, 1927,
from March, from April,
1927
1926

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

_

_ _ _ _
_

_ _ _ _ _ _

0.000

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
Pulp wood
Gum (rosin and turpentine) *
Distilled wood
MANUFACTURING

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

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




19

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

1927

1926

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

February

March

April

February

March

April

198
346
201
121
201

94
73
85
58
86

168
227
186
74
174

158
198
173
80
169

161
206
158
95
169

191
279
201
68
197

182
251
197
69
195

172
219
189
73
190

-5.5
-12.7
4 1
+ 5.8
-2.6

+ 6.8
+ 6.3
+ 19.6
-23. 2
+ 12. 4

199
306
204
115
199

85
70
64
56
88

171
237
188
69
175

168
250
164
65
172

162
243
143
65
172

199
299
204
69
199

197
306
184
68
199

177
257
163
67
194

-10.2
-16. 0
-11. 4
1 ^
-2.5

+ 9.3
+ 5.8
+ 14.0
+ 3. 1
+ 12.8

116
112
153

40
32
25

57
44
110

55
43
105

51
38
104

48
36
94

50
36
105

50
35
114

0.0
-2. 8
+ 8. 6

-2.0
-7.9
+ 9.6

126
129
136
135
133
150
1
89

60
59
43
62
88
58
1
46

76
87
50
71
110
85
75

85
106
73
81
133
93
75

80
103
59
79
123
77
76

73
82
53
69
104
78
73

83
107
73
79
130
90
71

79
103
67
77
122
75
71

4 8
-3. 7
-8.2
2 5
-6. 2
-16.7
0. 0

12
0. 0
+ 13. 6
2 5
-0. 8
-2. 6
-6. 6

170

49

11
1

130

120

107

132

128

-3.0

+ 6.6

466
223
387
261
222
303
215

84
55
119
109
106
109
72

170
103
287
172
127
173
97

199
112
302
194
143
206
143

202
111
329
191
150
226
166

191
98
332
201
137
194
110

213
108
387
224
153
216
125

244
104
381

+ 14.6
-3. 7
-1.6

+ 20.8
-6.3
+ 15. 8

157
257
198

+ 2. 6
+ 19. 0
+ 58.4

+ 4.7
+ 13. 7
+ 19.3

234
156

80
100

104
131

130
142

133
143

106
131

128
142

143
143

+ 11.7
+ 0.7

+ 7.5
0.0

102
107
103
104
103
105
104
105
105
107
108
103
107

2
85
2
86
2
81
2
79
2
83
2
83
2
93
2
84
2
89
2
66
2
78
2
75
2

93
89
90
93
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

91
88
90
90
83
92
104
100
91
93
84
85
103

91
87
90
90
83
92
104
105
95
95
84
86
103

91
86
88
89
83
87
104
105
98
94
82 i
87
102

0.0

-2.2
0.0
0.0
-4.3
-9.8
0.0
+ 1.0
+ 1.9
-1.0
-6.9
-2. 4
-8.4
+ 5.2

April, 1927,
from March,
1927

April, 1927,
from April,
1926

STOCKS
(Relative to 1919 monthly average as 100)
(Corrected for seasonal variation)

Total
Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
_
Other manufactured commodities-.
(Unadjusted index)

Total
Raw foodstuffs
Raw materials for manufacture, _ _
Manufactured foodstuffs
Other manufactured commodities, _
UNFILLED ORDERS
(Relative to 1920 monthly average as 100)
(Iron, steel, and building materials)

I

Total (8 commodities) _
Iron and steel
Building materials
WHOLESALE TRADE
(Relative to 1919 monthly average as 100)
(Distributed by Federal reserve districts)

Grand total, all classes
Hardware (10 districts)
Shoes (8 districts)
Groceries (11 districts)
Drugs (7 districts)
Dry goods (8 districts)
Meats _ _
RETAIL TRADE
(Relative to 1919 monthly average as 100)
MAIL-ORDER HOUSES (4 houses)

CHAIN STORES:
Ten-cent (5 chains)
Music (4 chains)
Grocery (27 chains)
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
_

* Revised.


2
2
2
2
2
2
2
2
2
2
2
2
2

80

i Since Jan. 1. 1921.

2 Since July 1, 1922.

-1. 1

-2. 2
-1. 1
0.0
-5. 4
0.0
0.0
+ 3.2
-1. 1
-2.4
+ 1.2
-1.0

20
INDEXES OF BUSINESS—Continued
1Q9.
19£

1936

Minimum
since
Jan. 1,
1920

February

March

105
107
106
108
106
108
116
110
112
110
112
107
112

2 74
2
85
2
72
2
62
2
84
2
70
2
88
2
85
2
84
2
70
2
78
2
60
2
72

98
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

235
283
373
186
215
304
180

110
88
108
91
122
76
74

143
140
218
146
144
142
87

140
133
220
147
137
133
85

Maximum
since
Jan. 1,
1920

PER CENT INCREASE (+ ) OR
DECREASE (-)

*

!

!

April, 1927,
from March,
1927

April, 1927,
from April,
1926

April i February

March

97
89
87 j
100
97
82
111
105
105
104
84
99
103

96
92
94
96
89
92
113
106
98
95
81
89
109

98
91
94
98
91
90
114
110
103
98
82
91
111

97
90
89
96
90
84
113
110
106 1
91
79
93
113 |

-1.0

-5.3
-2.0
-1. 1
-6.7
-0.9
0.0
4-2.9
-7. 1
-3.7
+ 2. 2
+ 1.8

+ 2.3
-4.0
-7.2
+ 2.4
+ 1.8
+ 4.8
+ 1.0
-12. 5
-6.0
-6. 1
+ 9.7

140
131
253
146
133
135
83

127
122
142
143
143
94
84

126
121
140
144
133
102
81

125
119
147
143
133
101
80

-0.8
-1.7
+ 5.0
-0.7
0. 0
-1.0
-1. 2

-10. 7
-9.2
-41. 9
-2. 1
0.0
-25. 2
-3.6

April

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
_ - _-

2
2
2
2
2
2
2
2
2
2
2
2
2

-1. 1

0. 0

+1. 1

PKICE INDEX NUMBERS
FARM PRICES
(Relative to 1909-1914 average as 100)
All groups

- -

Grains
-Fruits and vegetables
Meat animals
Dairy and poultry __ _
Cotton and cottonseed
Unclassified
WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1913)

i

All commodities
_
Farm products
Food, etc - __ _ ----Cloths and clothing
_
Fuels
_ Metals and metal products
Building materials
Chemicals
- House-furnishing goods
Miscellaneous
Classified by state of manufacture :
Producers' goods
Consumers' goods
Raw materials

-- --

-

248
243
248
346
281
203
300
213
275
208

138
114
131
168
161
109
155
121
157
111

155
150
153
184
179
128
177
132
164
133

152
144
151
181
175
128
176
132
164
128

151
145
153
177
174
127
173
130
163
127

146
137
148
169
177
122
168
122
158
119

145
137
147
168
168
123
167
121
157
119

144
137
147
169
161 !
122
165
122
157
119

-0.7
0.0
0.0
+ 0. 6
-4.2
-0.8
-1. 2
+ 0.8
0.0
0.0

-4.6
-5.5
-3. 9
-4. 5
-7.5
-3.9
-4.6
-6.2
-3. 7
-6.3

244
249
249

118
146
135

130
163
161

128
162
154

128
163
152 I

124
156
150

122
155
149

120
155
147

-1.6
0.0
-1.3

-6.2
-4.9
-3.3

218
227

134
115

159
145

157
142

156
140

151
136

151
136

151
135

0.0
-0.7

-3.2
-3. 6

205
219
186
288
3
179
208
123 I
192

155
139
143
153
156
174
118
171

170
162
177
176
169
195
118
175

169
160
177
176
166
190
118
175

168
162
176
175
162
184 !
118
173

165
156
172
172
167
190
121
174

164
154
172
172
166
189
122
173

164
154
171
172
161
181
122
173

0.0
0.0
-0.6
0.0
-3.0
-4.2
0.0
0.0

-2.4
-4.9
-2.8
-1.7
— 0. 6
-1.6
+ 3.4
0.0

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

Bradstreet's (1st of following month) _
COST OP LIVING
National Industrial Conference Board Indexes
(Relative to July, 1914)
All items weighted

Food (Dept. Labor)
Shelter
Clothing
_
Fuel a n d light _ _ _ _ _ _
Fuel
Light
Sundries




_ _ _ __
__ _ __
_ _
-__ _
2 Since July 1, 1922.

8

s Since Jan. 1, 1923.

21
AUTOMOBILE TIRES1
[Thousands]
PNEUMATIC TIRES
YEAR AND MONTH

Production

January
February
March
April

--

M!ay

1933
;
--

;-- ----- ---

- _.

- -

Total
Monthly average

1934
January

July

--- -._ ,

September
October
- November
December

-

- - - --

-

Total
Mlonthly average

1935
January • - February
March
- April

-

-

Jy£ ay

June
July
August
- - September
October
-November
December

'-.
- -

-- -

Total
Monthly average

1936
January
February
M!arch
- April .
May
June
--July.
August
September
- October
N ovemb er
December
Total . .Monthly average
January
February
March

Shipments
Domestic

Export

1937

--

4,247
4,460
5,242
5,533
5,583
5,093
4,882
4,674
4,658
4,729
5,011
4,638

1,598
1,565
2,073
2,085
2,642
3,134
2,696
3,031
2,508
2,589
2,380
2, 935

57
53
80
69
87
97
89
106
67
75
68
118

2,349
2,606
3,035
2,661
2,982
3,145
3,076
3,820
3,511
3,802
3,860
3,420

5,286
6,181
7,036
7,275
7,234
6, 234
5,720
5,245
5,203
5,529
6,252
5,771

1,890
1,703
2,093
2,328
2,941
3,974
3,632
4,221
3,559
3,421
3,075
3,827

29
35
53
49
66
78
56
94
49
51
55
80

41
40
50
47
58
67
72
85
84
87
87
78

183
185
183
175
172
171
177
191
201
215
236
245

48
52
61
63
60
69
67
71
61
65

33
37

6
2
2
2
3
4
3
4
4
4
4
7

58,750
4,896

29,231
2,436

966
81

38, 267
3,189

72, 966
6,081

36, 664
3,055

695
58

796
66

2,334
195

687
57

45
•4

4,735
5,264
5,710
6, 133
6,953
7,092
6,524
6,112
5,446
4,923
4,732
4,372

2,995
2,589
3,325
2,977
2,760
2,493
2,541
2,808
2,624
2,191
2,457
2,604

105
102
128
122
104
103
68
56
58
53
107
60

3,962
4,055
4,893
4,275
4,339
3,606
2,636
3,586
3,262
3,861
3,453
3,290

5,874
6,814
7,791
8,442
9,343
8,974
7,445
7,002
6,508
6,952
6,743
6,363

3,749
3,002
3,829
3,537
3,414
3,581
3,943
4,304
3,684
3,597
3,424
3,498

78
71
92
99
90
95
96
52
47
44
34
55

85
78
83
73
79
74
43
50
39
38
34
37

264
273
269
264
272
284
267
265
252
237
216
180

61
63
77
73
67
52
45
46
46
48
49
62

6
5
8
5
6
5
5
5
5
5
5
4

67,996
5,666

32, 364
2,697

1,066
89

45, 218
3,768

88, 251
7,354

43, 562
3,630

853

Zl

713
59

3,043
254

689
57

64
5

4,848
5,306
5, 798
6,199
6,364
6,186
5, 168
4,504
4,550
5,362
5,230
5,951

2,785
2,801
2,903
2,922
2,681
2,664
3,485
3,688
3,319
3,046
3,274
3,009

60
71
98
100
98
100
85
76
94
108
94
106

3,890
4,070
4,223
4,041
3,755
3,501
3,863
5, 024
5,512
5,902
4,605
4,707

6,768
7,378
8,191
8,659
8,794
8,194
6,660
5,788
6,067
7,381
7,695
8,313

3,476
3,330
3,421
3,522
3,562
3,859
5,319
5,552
5,119
4,177
4,679
4,066

70
74
89
71
97
116
82
74
68
103
75
92

56
62
70
72
66
52
43
54
55
59
51
59

186
192
206
215
223
215
205
185
182
184
188
194

43
49
58
55
56
55
48
57
57
54
47
48

4
4
4
3
4
4
3
4
3

65, 106
5,426

36, 577
3,048

1,090
91

53, 093
4,424

89, 883
7,490

50, 082
4,174

1,011
84

699
58

2,375
198

627
52

45
4

3, 560
3,687
3,964
4,012
4,106
4,072
4,199
4,214
3,764
3,389
3,181
3, 579

5,981
6,716
7, 152
6,836
6,477
5, 449
4,830
5,459
5,774
5,015
5, 229
6,119

2,995
2,836
3, 393
4,014
4,333
4,950
4,624
3,455
3,294
4,090
2,667
2,597

111
111
108
116
139
112
111
125
143
105
93
113

4,761
4, 758
5, 254
5,158
5,138
5, 215
5,666
5,718
5, 454
4,966
4,708
5,253

7,800
9,788
10, 696
10, 247
9,396
7,828
6,495
6,973
7,490
6,564
7,139
8,495

4,108
3,625
4,177
4,935
5,908
6,683
6,761
5,102
4,852
5,764
3,982
3,665

79
107
112
97
126
98
99
94
153
128
79
82

54
55
58
68
77
87
78
77
67
53
49
59

199
194
177
168
158
155
155
172
184
171
159
150

41
52
66
66
82
85
70
52
47
64
54
61

5
5
6
7
6
8
6
7
7
8
8
8

45, 727
3,811

1933

-

Export

Stocks,
end of
month

3,225
3,284
3,433
3,315
3, 048
2,638
2,559
3,241
3,539
3,882
3,196
3,444

.

Total
-- - --Monthly average. _-

April

Domestic

Production

38,804
3, 34

November
December

- - -

Shipments

34, 116
2,843

-

September
October
November

Export

Stocks,
end of
month

3,139
3,236
3,891
3,563
3,685
2,980
2,005
2,368
2,036
2,367
2,405
2,441

____._-_--- _
- - - -

JUly

Domestic

Production

2,061
2,095
2,665
2,415
2,736
2,856
2,495
2,924
2,520
2,690
2,749
2,670

-

_ _

-. --

Shipments

30, 876
2,573

-

June
July
August
September

February
March
April
May

Stocks,
end of
month

SOLID AND CUSHION TIRES

INNER TUBES

71, 037
5,920

43, 248
3,604

1,387
116

62,049
5,171

99, 811
8,318

59, 562
4,964

1,254
105

782
65

2,042
170

740
62

81
7

3,548
3,657
4,099
4,014
3,771
4, 072
3,718
4,411
4,286
3,833
3,250
3,520

7,475
8,390
9,022
9,363
9,271
8,989
7,956
7,311
7,001
7,454
7,810
7,856

2,142
2,500
3,335
3,642
3,829
4,208
4,683
4,973
4,452
3,318
2,708
3,413

94
82
91
99
86
91
76
91
84
89
98
132

5,110
5,123
5,275
4, 918
4,615
4,633
4,301
5,572
5,698
4,665
3,644
3,961

10, 781
12, 829
14, 360
15, 518
15, 866
15, 194
12, 961
11, 709
11, 497
11, 970
12, 469
12, 165

2,728
2,750
3,672
3,727
4,654
5,097
6,381
7,114
5,755
4,046
2,984
4,027

67
54
70
53
78
80
48
74
69
61
54
74

60
61
59
51
45
43
35
44
44
45
45
46

174
199
222
218
214
215
181
181
168
159
158
168

30
26
33
47
44
45
45
53
52
51
38
34

6
5
5
6
4
5
3
4
4
5
7
7

46, 179
3,848

97, 898
8,158

43, 203
3,600

1,113
93

57, 515
4,793

157, 319
13, 110

52, 935
4,411

782
65

578
48

2,257
188

498
42

61
5

3,534
3,204
4,094

7,839
8,298
8,705

3,534
3,204
4,094

172
151
199

4,007
3,724
5, 395

11,704
12, 595
12, 839

4,428
3,763
4,534

89
80
90

44
46
57

166
163
159

36
40
53

7
8
8

3
5

* Compiled by the Rubber Association of America from reports of from 40 to 45 firms each month, estimated to represent about 75 per cent of the industry. Previous to
1923 the number of reporting firms varied from 36 to 66, but this variation is not believed to affect the totals to any great degree, except for the omission of the Firestone Tire
Co., beginning in September, 1921. These figures are revised from previous reports by the inclusion of millimeter sizes throughout and the inclusion of cushion with solid
tires. Details by classes and sizes are given in the associations' reports.




22
AUTOMOBILE PRODUCTION IN THE UNITED STATES
[Number of Vehicles]

1913

1914

1915

1916

1918

1917

1919

1920

mi

1923

1924

1925

1926

1927

239, 302
271, 601
351, 426
371, 460
385, 525
371, 301
323, 815
340, 240
321, 819
358, 698
308, 225
300, 843

1922

312, 282
361, 762
375, 355
367, 024
303, 699
241, 817
260, 493
276, 968
287, 356
284. 983
224, 082
199, 524

230. 887
274, 373
362, 116
421,993
406, 259
386, 887
387, 214
250, 574
319, 770
436, 225
364, 347
308, 711

300, 612
354, 431
422, 728
430, 523
417, 211
380, 372
354, 394
422, 294
393, 356
329, 142
250, 950
163, 429

234, 228
298, 759
386, 841
397, 566

MONTH

TOTAL PASSENGER CARS AND TRUCKS
January
February
March
April

May

June
July
August
September
October
November .
December
Total

Mo. av

35, 662
35,663
45, 273
60, 335
57, 199
53,581
34,808
31, 416
29,860
28, 537
32, 276
40, 390

45,644
48, 482
60, 211
70, 367
56,354
44, 975
30,987
48, 373
53, 523
44,264
32, 698
33,176

485,000
40, 417

_ ._

569, 054
47, 421

31, 253
49, 309
94, 311
101, 910
88,390
91, 059
65,604
82, 082
98, 861
89, 127
84,769
93, 255

107, 402
124, 546
162, 074
152, 529
155, 950
139, 794
120, 755
106, 623
140, 281
134, 393
140, 255
133, 106

122, 002
144, 674
165, 622
172, 045
185, 721
172, 656
164, 764
146, 454
162. 883
165, 333
156, 716
115, 079

92, 208
106, 962
132, 142
153, 673
143, 003
118, 859
118, 060
89,542
59, 555
50, 311
43,244
63, 127

93, 779
114, 598
146, 091
165, 229
176, 484
166, 575
164, 831
165, 414
180, 786
207, 222
190, 321
162, 265

187, 937
188, 030
229, 212
173, 398
210, 019
225, 677
209, 652
205, 205
188, 514
165, 298
134, 975
109, 432

53, 237
70, 599
112, 453
152, 201
156, 805
190, 520
176, 870
181, 270
158, 760
148, 009
116, 644
79, 455

89, 374
117, 871
171, 487
219, 394
255, 622
278, 876
245, 755
270, 838
203, 927
232, 824
232, 923
225, 285

969, 930 1, 617, 708 1, 873, 949 1, 170, 686 1, 933, 595 2, 227, 349 1, 596, 823 2, 544, 176 3, 944, 255 3, 495, 345 4, 149, 356 4, 219, 442
134, 809
156, 162
97, 557
133, 069
80, 828
161, 133
185, 612
212, 015
291, 279
351, 620
328,688
345, 780

PASSENGER CARS

May

June
July
August
September
October
November
December

_

Total

Mo. av

34, 483
34, 423
43, 887
57,584
54, 871
51, 512
33, 165
29,227
27, 035
25, 902
30, 639
38, 781

28, 304
44, 919
88, 583
95, 537
81, 054
83, 813
59, 111
76, 246
91, 797
80, 539
78, 193
87, 834

44, 364
46,609
57, 972
67, 990
53, 521
42, 991
29,236
46, 793
52, 095
41, 588
30, 538
29, 982

461, 509
38, 459

January
February
March
April..

543, 679
45, 307

100, 806
117,460
153, 175
143, 371
147, 840
133, 363
112, 810
99,330
132, 115
125, 889
131, 841
127, 578

116, 815
138, 759
157, 882
163, 618
175, 583
162, 926
154, 638
132, 234
148, 572
152, 088
140, 837
101, 840

895, 930 1, 525, 578 1, 745, 792
74, 661
127, 132
145, 483
4

81, 611
95, 202
112, 279
130, 361
118, 638
97, 194
93,909
67, 058
39, 591
30, 119
29, 941
47, 533

76, 422
97, 126
124, 559
145, 359
154, 792
144, 805
142, 135
140, 479
154, 119
177, 270
161, 600
138, 986

157, 115
158, 921
193, 641
149, 457
182, 027
192, 826
181, 051
176, 234
160, 520
138, 031
118,944
96, 793

45, 397
60, 326
98. 941
137, 640
144, 097
177, 086
165, 616
167, 756
144, 670
134, 774
106, 081
70, 727

219, 885
249, 971
318, 415
335, 143
344, 038
332, 760
295, 320
311, 958
295, 815
330, 700
281, 951
273, 980

80, 194
104,936
152, 311
197, 903
232, 439
252, 704
223, 823
246, 867
184, 485
211, 164
210, 955
205, 142

283, 983
331, 388
341, 851
331, 957
271, 033
214, 322
235, 925
249, 796
256, 940
254, 524
198, 381
174, 899

205, 550
243, 176
321, 200
377, 747
366, 197
352, 261
348, 984
216,087
263, 855
394, 096
328, 694
278, 643

272, 922
319, 763
381, 116
383, 907
373, 140
339, 570
317, 006
380, 282
350, 923
289, 565
219, 504
137, 361

196, 986
260, 641
341, 675
353, 071

943, 436 1, 657, 652 1, 905, 560 1,453,111 2, 302, 923 3, 589, 936 3, 144, 999 3, 696, 490 3, 765, 059
121, 093
158, 797
299, 161
78, 620
138, 138
191, 910
262, 083
313, 755
308, 041

TRUCKS
January. _
February
March
April

May

June
July August
September
October
November
December

__

Total

Mo. av

1,179
1,240
1,386
2,751
2,328
2,069
1,643
2,189
2,825
2,635
1,646
1,609

1,280
1,873
2,239
2,377
2,833
1,984
1,751
1,580
1,428
2,676
2,160
3,194

2,949
4,390
5,728
6,373
7,336
7,246
6,493
5,836
7,064
8,588
6,576
5,421

6,596
7,086
8,899
9,158
8,110
6,431
7,945
7,293
8,166
8.504
8,414
5,528

5,187
5,915
7,740
8,427
10, 138
9,730
10, 126
14, 220
14, 311
13, 245
15, 879
13, 239

10, 597
11, 760
19, 863
23, 312
24, 365
21, 665
24, 151
22,484
19,964
20, 192
13, 303
15, 594

17, 357
17, 472
21, 532
19, 870
21, 692
21, 770
22, 696
24, 935
26, 667
29,952
28, 721
23, 279

30, 822
29,109
35, 571
23, 941
27, 992
32, 851
28, 601
28, 971
27, 994
27, 267
16, 031
12, 639

7,840
10, 273
13, 512
14, 561
12, 708
13, 434
11, 254
13, 514
14,090
13, 235
10, 563
8,728

9,180
12, 935
19, 176
21, 491
23, 183
26, 172
21, 932
23, 971
19, 442
21, 660
21, 968
20, 143

19, 417
21, 630
33, Oil
36, 317
41, 487
38, 541
28, 495
28, 282
26,004
27, 998
26, 274
26, 863

28, 299
30, 374
33,504
35, 067
32, 666
27, 495
24, 568
27, 172
30, 416
30, 459
25, 701
24,625

25, 337
31, 197
40, 916
44, 246
40,062
34, 626
38, 230
34, 487
55, 915
42, 129
35, 653
30,068

27, 690
34, 668
41,612
46, 616
44, 071
40, 802
37, 388
42, 012
42, 433
39, 577
31, 446
26,068

23,500
1,958

25, 375
2,115

74,000
6,167

92, 130
7,678

128, 157
10, 680

227, 250
18, 938

275, 943
22, 995

321, 789
26, 816

143, 712
11, 976

241, 253
20,104

354, 319
29, 527

350, 346
29, 196

452, 866
37, 739

454, 383
37, 865

37, 242
38, 118
45, 166
44, 495

1
Data through June, 1921, compiled by the National Automobile Chamber of Commerce from actual monthly reports from the principal producers, covering close to 90
per cent of the industry, from quarterly reports of other member companies, prorated to monthly figures according to the relative output of the larger companies, and from
annual figures of small nonmember companies, covering the balance of the industry, prorated to monthly figures according to the relative output of the companies reporting on a monthly or quarterly basis. Beginning with July, 1921, figures are actual reports from practically the entire industry compiled by the U. S. Department of Commerce, Bureau of the Census, including data from the National Automobile Chamber of Commerce. All these figures, revising data previously published, represent production
or factory sales and cover the United States only.

PRODUCTION OF PAINTS AND VARNISHES

EXPORTS OF TIRE FABRICS

Paste paints
Thousands
of pounds

Thousands of gallons

YEAR

1926, total
Second half
First half
1925, total
Second half
First half
1924, total
Second half
First half
1923, total
Second half
First half .
1922, total
Second half ._
First half

421, 560
212, 537

91,025

209,023

._
_

45, 623
45, 402

465, 285
224, 228
241, 057
487, 611
233, 867
253, 744

_

47, 260
52, 449
88, 274
43, 152
45, 122

439, 175
192, 021
247, 154
436, 295
227, 703
208, 592

38, 351
43, 719
66, 071
33, 440
32, 631

97,304

99,709

49, 086
48, 218
82, 017
40, 622
41, 395
70, 450

82,070

36, 149
70, 731
32, 849
37, 882

34,301

55,709

28, 877

26,832

1
Compiled by the U. S. Department of Commerce, Bureau of the Census, from
reports of 549 establishments. Data for 32 establishments, reporting in 1925 but not
in 1926, are included, these data representing between 1 and 5 per cent of the various
totals for the second half of 1925.




[Square yards]

Ready-mixed Varnishes,
and semi- japans, and
paste paints lacquers

Year

January.
February
March
April

May

Total

1926

98, 246
165, 726
105, 516
86, 414
105, 528
216, 659
172, 561
281, 887

Others

212, 213
168, 987
142, 717

__

790
43>529
33, 315
31, 223
71, 376
3,018
83, 185
137, 216
139, 344
126, 997
55 992
61, 120

97, 4$6
122, 197
72 201
55, 191
34, 152
213, 641
89, 376
144 671
107,280
85, 216
112 995
81, 597

2, 003, 078
166, 923

_

June
July .
August
September
October
November
December

787, 105
65, 592

1,215 973
101, 331

84, 823

11, 466
159, 104
78, 676

73, 357
91,908
96,369

246,624

Total
Monthly average. _
January __
February
March

Cord

1927

__

251, 012
175, 045

1
Compiled by the Bureau of Foreign and Domestic Commerce. These figures are
also included in the total exports of cotton cloth,

23

CENSUS OF MANUFACTURES: 1925—SUMMARY FOR ALL INDUSTRIES AND INDUSTRIAL
GROUPS1
Wage
Census Number
of estab- earners
year lishments (average
number)

INDUSTRY

Wages

Cost of materials Value of products Value added by
manufacture

1925
1923
1921
1919

187, 386
195, 580
195, 555
213, 631

8, 383, 781
8, 768, 491
6, 937, 688
8, 989, 536

$10, 729, 469, 000
10, 999, 282, 000
8,192,952,000
10, 452, 586, 000

$35, 931, 148, 000
34,430,855,000
25,154,807,000
36, 988, 876, 000

$62, 705, 714, 000
60, 258, 470, 000
43,427,224,000
61, 737, 125, 000

$26, 774, 566, 000
25, 777, 615, 000
18,272,417,000
24, 748, 249, 000

Food and kindred products

1925
1923

48, 113
51, 118

664, 760
672, 472

793, 681, 000
785,555,000

7, 748, 678, 000
6, 766, 003, 000

10,418,536,000
9, 226, 523, 000

2, 669, 858, 000
2, 460, 520, 000

Textiles and their products .

1925
1923

24, 433
26, 767

1, 627, 141
1, 715, 361

1, 654, 013, 000
1,743,851,000

5, 348, 050, 000
5, 394, 648, 000

9, 122, 858, 000
9,462,634,000

3,774,808,000
4, 067, 986, 000

Iron and steel and their products, not including machinery

1925
1923

6,068
6,358

851, 270
892, 660

1, 284, 339, 000
1, 324, 588, 000

3, 734, 350, 000
4,152,918,000

6, 461, 668, 000
6,828,841,000

2, 727, 318, 000
2,675,923,000

1925
1923

21, 922
21,674

921, 145
931, 748

978, 375, 000
962, 542, 000

1,724,983,000
1, 666, 188, 000

3, 688, 552, 000
3, 633, 034, 000

1,963,569,000
1, 966, 846, 000

1925
1923

4,264
4,868

315, 288
344, 545

356, 246, 000
388, 630, 000

1, 015, 123, 000
1, 083, 345, 000

1, 767, 581, 000
1, 880, 085, 000

752, 458, 000
796, 740, 000

1925
1923

498
529

141, 121
137, 868

190, 563, 000
182, 084, 000

718, 840, 000
501, 163, 000

1, 255, 414, 000
958, 518, 000

536, 574, 000
457, 355, 000

1925
1923

26, 553
25,799

536, 766
527, 019

805, 516, 000
743, 050, 000

1, 614, 235, 000
1, 544, 418, 000

4, 143, 685, 000
3, 772, 288, 000

2, 529, 450, 000
2, 227, 870, 000

Chemicals and allied products

1925
1923

8,867
8,832

380, 595
384, 493

505, 886, 000
501, 205, 000

4, 180, 411, 000
3, 680, 407, 000

6, 430, 027, 000
5, 706, 866, 000

2, 249, 616, 000
2,026,459,000

Stone, clay, and glass products

1925
1923

8,478
8,317

353, 036
351, 692

467, 012, 000
453, 567, 000

603, 427, 000
573, 473, 000

1, 640, 652, 000
1, 563, 121, 000

1, 037, 225, 000
989, 648, 000

Metals and metal products, other than iron and steel

1925
1923

6,924
7,433

275, 292
296, 911

380, 781, 000
394, 024, 000

1, 946, 777, 000
1, 767, 072, 000

2, 833, 770, 000
2,634,031,000

886, 993, 000
866, 959, 000

1925
1923

2,623
3,672

132, 132
146, 337

111, 558, 000
120,462,000

425, 769, 000
515, 865, 000

1, 091, 001, 000
1, 044, 192, 000

665, 232, 000
528, 327, 000

Machinery, not including transportation equipment

1925
1923

11, 807
12, 147

858, 843
907, 707

1, 225, 359, 000
1, 253, 743, 000

1, 985, 367, 000
1, 891, 524, 000

5, 020, 281, 000
4, 727, 818, 000

3,034,^14,000
2, 836, 294, 000

Musical instruments and phonographs

1925
1923

461
535

46, 980
58, 329

62, 502, 000
75, 396, 000

98, 761, 000
123, 600, 000

231, 687, 000
282,531,000

132, 926, 000
158, 931, 000

Transportation equipment, air, land, and water

1925
1923

2,778
3,873

559, 578
606, 328

908, 488, 000
963, 939, 000

3, 389, 101, 000
3, 394, 505, 000

5, 451, 753, 000
5, 333, 480, 000

2, 062, 652, 000
1, 938, 975, 000

Railroad repair shops

1925
1923

2,363
2,348

457, 755
523, 430

668, 192, 000
772, 968, 000

563, 646, 000
631, 359, 000

1, 332, 679, 000
1, 520, OS3, 000

769, 033, 000
888, 734, 000

1925
1923

11, 234
11,310

262, 079
271, 591

336, 958, 000
333, 678, 000

833, 630, 000
794, 367, 000

1, 815, 570, 000
1, 684, 415, 000

981, 940, 000
890, 048, 000

All industries

Lumber and allied products

.

Leather and its manufactures

.

__

_

Rubber products
Paper, printing, and related industries

_

._

Tobacco manufactures ._ ._

Miscellaneous industries

__ _

_. . _ „

...

_

1
Compiled by Bureau o] the Census. Data for individual industries have been published in previous issues of the Survey beginning with July, 1926. Because of the fact
that the products of many manufacturing establishments are used as materials by other establishments, the aggregate value of products as given above is considerably in
excess of the total value of finished products in the form in which they reach the ultimate consumer. Figures relate to manufacturing plants with outputs valued at $5,000
and over.




TREND OF BUSINESS MOVEMENTS
The following table contains a summary of the monthly figures, designed to show the trend in importan t
industrial and commercial movements. These data represent continuations of the figures presented in the
latest semiannual number (February, 1927), in which monthly figures for 1926 and 1927 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
o n inside front cover.
1926

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pmges 26 to 134 of the
February, 1927, "Survey"

December

1927

January

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

Marth

March

April

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH APRIL 30

Perct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

1926

1927

38, 905
8,857
30, 048

+2.1
+10.7
-1.8

-28.0
+7.5
-38.4

145, 237
30, 357
114, 880

104, 897
30, 780
74, 117

-27.8
+1.4
-35.5

32, 653
37, 351

-12.6
-12.4

-10.5
-3.2

161, 104
188, 860

124, 310
152, 178

-22.8
-19.4

40, 093

-19.0

+9.7

165, 963

190,560

+14.8

-10.1
+1.0
-21.0

-12.0
-8.4
-16.1

-31.3 +40.0
-9.1 +12.5

3,227
179, 489

4,880
175, 427

+51.2
-2.3

2, 342, 378
2, 361, 007

4,111,285
2, 508, 364

+75.5
+6.2

April

TEXTILES
Wool
Receipts at Boston:
Total
...thous. of lbs_.
17,498
D omestic
.
thous . of Ibs
9,889
Foreign
thous. of Ibs
7,609
Imports:
In condition imported
thous. of lbs._
25,004
Grease equivalentthous. of lbs_. 30, 116
Consumption by textile mills,
grease equivalent
thous. of Ibs.. 47, 839
Stocks, grease equivalent, end of quarter:
Total...
thous. of Ibs.. 2 334, 578
Held by manufacturers
thous. of lbs._ 2 160, 159
Held by dealers..
._
thous. of lbs._ 2164,419
Machinery activity, hourly:
Looms—
Wide
per ct. of hours active..
72
Narrow
per ct. of hours active
67
Carpet and rug.per ct. of hours active. .
65
Sets of cards
per ct. of hours active. .
80
Combs __
per ct. of hours active
84
Spinning spindlesWoolen
per ct. of hours active .
77
Worsted
.per ct. of hours active. .
78
Prices:
Raw, territory, fine, scoured ..dolls, per lb_.
1.08
Raw, Ohio and Pa. fleeces,
% blood, combing, grease. .. dolls, perlb..
.44
Worsted yarn.
_
dolls, per lb_.
1.40
Women's dress goods, French
serge
dolls, per yd_.
1.00
Men's suitings
dolls, per yd..
3.29
Cotton

19, 743
6,081
13, 662

29, 693
6,577
23, 116

27,436
8,600
18,836

28, 025
9,522
18, 503

45, 060
11,635
33, 425

27,542
33,399

34,072
41, 333

33,457
41, 275

29, 239
36, 171

48,002
55, 618

46, 389

45, 938

54,262

43,971

43, 932

1

« 331, 324
* 176, 520
4
154 804

3 291, 657
3 161, 708
3 129, 948
68
65
65
75
84

64
62
64
75
89

61
63
66
80
81

72
75

74
71

77
66

;

1.08

1.09

.44
1.38

.44
1.38

1.00
3.29

1.00
3.29

57
60
67
78

62
61
70
78
79

59
62
63
75
73

-6.6
-4.8
+1.5
-2.5
-4.9

-3.4
-3.2
+6.3
+4.0
+5.5

63

73
70

72
62

0.0
-4.5

+6.9
+1.6

1.08

1.08

1.21

1.15

0.0

-6.1

.44
1.38

.43
1.35

.48
1.50

.44
1.45

-2.3
-2.2

-2.3
-6.9

.98
3.29

.98
3.29

1.05
3.51

1.05
3.51

0.0
0.0

-6.7
-6.3

Receipts into sight.. _
thous. of bales
1,199
1,556
1,260
2,660
Imports, unmanufactured
bales. . 39, 851
39, 702
56, 939
41, 267
Exports, unmanufactured
(including linters) .
bales 1, 531, 297 1,115,792 1, 010, 507 1, 129, 537
Consumption by textile mills
bales. _ 605, 217 604, 584 590,447 694, 193
Stocks, domestic, end of month:
Total, mills and w'houses thous. of bales
7,377
6,472
7,923
8, 245
Mills
thous. of bales. .
1,933
1,853
1,980
1,766
Warehouses
thous. of bales
5,444
4,492
6,070
6,479
Stocks, world visible, end of month:
Total
thous. of bales. _
8,533
8,796
7,795
8,519
American _ .
thous. of bales
6,860
7,227
6,178
7,229
Machinery activity of spindles:
32, 872
Active spindles . .
thousands . . 82, 496
32,634
32, 919
Total activity
millions of hours
8,266
8,558
9,629
8,563
222
229
Activity per spindle .
__ . hours. .
260
229
Ratio to capacity
per cent
106.8
109.7
102.3
100.3
Prices:
To producer
dolls, per Ib
.115
.125
.106
.100
In New York, middling
dolls, per lb..140
.134
.144
.128

865
37, 519

701
45, 726

618
33, 348

855, 449
619, 140

519, 732
635, 896

516, 494
577, 678

-24.3
-10.8

+65.6
+7.2

5,571
1,895
3,676

5,936
1,772
4,164

5, 166
1,637
3,529

-13.9
-4.3
-18.2

+7.8
+15.8
+4.2

7,380
5,718

5, 957
4,278

5,486
3,805

-5.3
—7.4

+34.5
+50.3

32, 892
8,805
238
105.8

33, 245
9,169
242
102.2

32, 891
8,345
221
98.2

-0.1
-8.6
-8.5
—3. 6

0.0
+5 5
+7.7
+7.7

.123
.146

.165
.194

.166
.192

-1.6
+1.4

-25.9
-24.0

Cotten Goods
Cotton finishing:
Billings, finished goods (as
produced)
thous. of yds.. 85,179
Orders received, gray
yardage
_
thous. of yds.. 76, 354
Shipments, finished goods
cases.. 45,564
Stocks, finished goods, end mo
cases.. 38, 012
Operating activity
per ct. of capacity
66
Unfilled orders, end of month
days..
5.0
Cotton textiles:*
Total (9 groups)—
Production
thous. of yds.. 257, 467
Stocks, end of month
thous. of yds_. 247, 234
Unfilled orders, end mo.thous. of yds.. 324, 943
Drills and twillsproduction
thous. of yds._
18, 202
Stocks, end of month
thous. of yds._
15, 625
Unfilled orders, end mo.thous. of yds.. 13. 099
* See table on p. 21 of May, 1927, issue for earlier data, i




1
75, 510

83,554

108, 067

91, 675 i

98,321

90, 938

-15.2

+0.8 I

349, 799

358, 806

+2.8

88,603
48, 936
36, 581
69
6.8

91,402
48, 968
34, 971
82
7.0

102, 327
59, 519
36, 178
82
6.8

85, 323
51, 869
38, 275
78
6.2

97, 436
54, 452
41,329
74
7.4

79, 606
49, 301
42,350
67
6.3

-16.6
-12.9
+5.8
-4.9
-8.8

+7.2
+5.2
-9.6
+16.4 i
-1.6

349, 285
197, 354

367, 655
209,292

+5.3
+6.0

228, 933
216, 212
441, 799

232, 611
190, 520
454, 140

277, 052
162, 438
445, 171

237, 185
176, 681
474, 530

248, 755
245, 122
234, 338

206, 431
267, 586
220, 152

15, 285
14, 115
26. 759
Revised.

21, 578
17, 015
16, 946
15, 187 -20.1 +11.6
-5.9
74, 847
21, 200
70, 446
27,044
9,093
8,722
29, 001
+4.3 -68.6
11, 467
9.493
31. 677
6.865 +14.1 +361. 4
27. 283
27. 773
2
Quarter ending Dec. 31, 1926. f 3 Quarter ending Mar. 31, 1927. 4 Quarter ending Mar. 31, 1926.

-14.4 +14.9
+8.8 -34.0
+6.6 +115. 5

975, 781

-:::::::::

25
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 134 of the
February, 1927, "Survey"

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

Apr.,
1927,

Apr.,
1927,

Mar.,
1927

Apr.,
1926

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH APRIL 30

Per ct.
increase
( }
or t
decrease
(-)
cumulative
1927
from
1926

December

January

12, 491
9,544
21, 094

12, 149
9,451
29, 054

13, 192
8,617
27, 519

15, 840
7,679
28, 775

13, 825
8,474
28, 735

7,061
3,250
12, 435

6,144
5,258
10, 483

80,907
42, 275
103, 762

69, 492
29, 613
124, 766

69, 105
21, 298
116,345

83,283
14, 546
122, 822

66, 048
16, 166
134, 751

89, 405
40, 215
60,218

26, 522
53, 865
41,920

25, 147
48, 027
43, 149

23,859
43,635
44, 888

27, 070
40,207
45, 138

26, 214
42, 314
51, 026

35, 802
40, 866
58, 673

38, 349
41, 843
81,660

37, 199
39, 186
103, 094

39, 527
37, 726
92, 915

40, 413
40, 475
95,021

2,730
5,332
2,867

2,646
5,006
12,299

3,088
4,295
13, 144

3,110
3,917
11,318

3,221
4,075
9,859

9,832
2,662
18, 856

9,016
2,115
22,905

10,047
3,067
24, 519

12, 574
2,594
19, 301

10, 119
3,378
19, 053

9,845
7,333
14,233

7,035
7,601
13, 353

-19.5 +43.8
+30.2 -55.6
-1.3 +42.7

30,223

41, 756

+38.2

64,053
51, 290
55, 188

50,770
41, 980
91, 786

52, 622
35, 745
86, 978

66, 191
24,044
84, 714

53, 370
28, 232
89, 180

56, 742
21, 152
51, 327

46, 325
25, 683
41, 199

-19.4 +15.2
+17.4
+9.9
+5.3 +116. 5

195, 863

222, 953

+13.8

6,937
25, 775
9,484
470, 469
40, 361

6,079
24, 062
9,421
441, 484
39,834

6,484
23, 210
10, 370
423, 976
35, 859

8, 257
23,003
12, 415
551, 323
44, 553

7,029
24,474
15, 228
492, 467
54, 236

8,708
24, 875
5,899
452, 349
41, 344

6,656
25, 511
6,252
419, 510
52, 308

+22.7 +143. 6

11, 593
10,634

14, 358
11, 249

13,609
9,792

16, 651
10, 801

10, 010

14, 198
11, 983

.311
.467
.067
.080
143

.301
.460
.068
.080
J43

.306
.464
.069
.081
145

.312
.458
.069
.081
146

.312
.446
.068
.081
146

7,961
39, 771

8,208
48,307

5,437
42,860

7,011
49, 242

52,478
23, 270

52, 627
24, 872

43, 750
22,120

86.4
56.2
89.4
5.34

March

April

from

from

1926

1927

-12.7 +125. 0
+10.4 +61.2
-0.1 +174. 1

27,423

55,006

+100. 6

72,120
48, 889
58,063

-20.7
-8.4
+11.1 -66.9
+9.7 +132. 1

293, 890

287, 928

-2.0

23, 148
61, 511
53, 301

23, 618
63, 335
60,419

-3.2
+5.2
+13.0

+11.0
-33.2
-15.5

86, 565

102, 290

+18.2

32, 268
59, 742
27, 432

29, 346
62, 308
23, 518

+2.2 +37.7
+7.3 -35.0
+2.3 +304.0

127, 159

155, 488

+22.3

March

April

TEXTILES— Continued
Cotton Goods— Continued
Cotton textiles— Continued.
Wide drills, twills, and broadclothproduction
_.
thous. of yds..
Stocks, end of month
thous. of yds..
Unfilled orders, end mo-thous. of yds_.
Print cloths, plain and fancyProduction
thous. of yds _
Stocks, end of month
thous. of yds .
Unfilled orders, end mo.thous. of yds _
Pajama checks and ginghamsProduction
thous. of yds..
Stocks, end of month
thous. of yds..
Unfilled orders, end mo.thous. of yds..
Denims and chambrays—
Production
thous. of yds..
Stocks, end of month
thous. of yds..
Unfilled orders, end mo.thous. of yds..
Canton flannels (for mitten trade)—
Production
thous. of yds
Stocks, end of month
thous. of yds..
Unfilled orders, end mo.thous. of yds..
Osnaburgs—
Production
thous . of y ds . .
Stocks, end of month — thous. of yds..
Unfilled orders, end mo.thous. of yds._
Narrow sheetings—
Production
thous. of yds_.
Stocks, end of month thous. of yds..
Unfilled orders, end mo_thous. of yds_.
Wide sheetingsProduction
thous. of yds..
Stocks, end of month
thous. of yds..
Unfilled orders, end mo.thous. of yds..
Fine cotton goods, production
pieces. .
Cotton cloth exports
thous. of sq. yds..
Fabric consumption
by tire manufacturers _
..thous. of lbs_.
Blastic webbing, shipments
thous. of yds..
Prices:
Cotton yarn—
22/1 cones, Boston..
..dolls, perlb .
40/ls, New Bedford
dolls, per Ib
Print cloth, 64 x 60
dolls, per yd._
Sheeting, brown
dolls, per yd
Cotton goods (Fairchild)... index number. .
Silk
Imports, raw
_
thous. of lbs._
Deliveries (consumption) _
_.
bales..
.Stocks, end of month:
At warehouses
bales..
At manufacturers' plants
bales
-Silk maehinery activity:
Broad looms
per cent of normal
Narrow looms
..per cent of normal
Spinning spindles
per cent of normal
Price, Japanese, New York
dolls, per lb_.
Rayou
Imports
thous oflbs
.Stocks in bonded warehouses,
end of month
__
..thous. of lbs_.

87.9
53.4
90.4
5.59

1

12,065

+3.6
+4.0
—12.9

-14.9
+6.4

+5.6
-4.1

-10.7
+21.7

+17.4
+3.7

1, 696, 556
172, 288

1, 909, 250
174, 482

+12.5
+1.3

13, 930
9,608

-7.3

+4.2

540,647
43, 358

5 44, 618
41, 852

+9.8
-3.5

.384
.540
.080
.098
170

.374
.528
.077
.098
166

0.0
-2.6
-1.4
0.0
0.0

-16.6
-15.5
-11.7
-17.3
-12.0

6,418
47, 853

5,054
39,400

6,003
37, 276

-8.5
-2.8

+28.4

24, 797
165, 300

27,074
188, 262

+9.2
+13.9

33, 116
21, 193

31, 749
22, 581

35, 948
28,515

30, 122
25, 898

-4.1
+6.5

+5.4
-12.8

86.2
58.1
89.1
5.64

90.1
60.4
81.2
5.39

86.4
62.6
79.7
5.54

92.0
62.5
101.1
6.03

84.0
65.8
82.9
5.49

-4.1
+8.6
-1.8
+2.8

+2.9
-4.9
-3.9
+0.9

1,518

3,218

4,788

+48.8

s 4, 609
s 4, 631
5728

-6.7
-12.4
-0.3

+6.9

27,849

1,023

700

852

1,718

1,257

721

2,016

1,398

1,074

1,052

2,034

1,846

1,298
1,355
237

1,484
1,493
241

1,538
1,527
234

1,587
1,611
253

1,660
1,847
267

i 1,283
i 1, 729
215

197, 674
154, 175
354,078

262, 252
227, 932
346,309

283,471
253, 759
407, 229

330, 218
284, 252
372, 765

285, 821
255, 962
346, 341

272, 273
229,772
358, 142

5766,424
5 687, 352

5875,941
5 765, 943

+14.3
+11.4

3,487
3,560
6,710
3,261
5,100

3,681
3, 175
7,301
3,668
5,513

3,640
3,412
7,567
3,701
5,668

4,096
4,210
7,271
4,203
5,471

3,937
3,920
6,483
4,075
6,457

3,535
3,473
6, 503
3,517
6,384

5 11, 201
s 10, 642

511,417
5 10, 797

+1.9
+1.5

5 11, 096

5 11, 572

+4.3

thous. of dozens
931
thous. of dozens
787
thous. of dozens
1,063
thous. of dozens-918
1,562
thous. of dozens..
1
Revised.

912
819
1,157
1,357
2,091

959
911
1,213
1,232
2,408

1,198
1,164
1,298
1,282
i 2, 615

1,244
1,207
1,154
1,037
2,740

1,174
971
1,258
774
2,498

4,572
4,316

4,177
3, -907

-8.6
-9.5

4,232

4,820

+13.9

-11.6

+110. 5

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

s 4, 941 '•
5 5, 285
5730

Hosiery
Production
thous. of dozen pairs
Net shipments
_ thous. of dozen pairs
^Stocks, end of month
thous. of dozen pairs
New orders.
thous. of dozen pairs
Unfilled orders, end of mo.thous. of dozen pairs..
Knit Underwear
Production
Net shipments
Stocks, end of month
New orders
_
Unfilled orders, end of mo




1,108
1,013
1,395
949
2,533
8

-7.5
-13.0
+7.5
-26.0
-3.1

Cumulative through March 31.

-5.6
+4.3
+10.9

+22.6
+1.4

26
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 134 of the
February, 1927, "Survey"

Decem- January
ber

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

March

April

March

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

April

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

1926

1927

Perct.
increase
(+)
or decrease
(-)
cumu*lative
1927
from>
1926

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

41,683
34,666

49, 797
29, 892

47, 320
20, 751

39,830
29,096

50, 271
43, 437

63, 653
36, 701

68,815
34, 257

+26.2
+49.3

-26.9
+26.8

244, 210
134,908

187, 218
123, 176

-23.3
-8.7"

3,026
2,337
2,523

3,206
2,168
2,486

3,398
2,431
3,410

4,275
3,426
2,781

3,559
2,752
2,815

2,885
2,313
1,696

2,517
2,127
1,687

-16.7
-19.7
+1.2

+41.4
+29.4
+66.9

10,032
8,338

14, 438
10, 777

+43. 9
+29.3.

776

-20.3

-37.1

1. 129

—21.9

—38.4

54, 625

75,068

+37.4

Pyroxylin Coated Textiles
Pyroxylin spread
__.thous. of lbs_.
Shipments billed
thous. of linear yards .
Unfilled orders end of mo thous- of linear yards . .
Cotton Mill Dividends
New Bedford mills (quarterly) :
Total.
thous. of dollars-Ratio to capitalization.
_
per cent per quarter.-

2

2

612

4

3488
3

.891

4

.696

FUR
Sales by dealers

thous. of dollars. _

8,943

13, 400

20,239

23,885

17, 544

15, 473

16, 292

-26.5

+7.7

42.6
11, 898

38.4
10, 167

48.3
10,001

49.8
9,928

51.3
9,900

53.3
12, 117

151.9
i 12, 133

+3.0
-0.3

-1.2
-18.4

BUTTONS
Fresh-water pearl buttons:
Production
per ct. of capacity _
Stocks, end of month
thous. of gross. .
IRON AND STEEL
Iron
Manganese ore, imports thous. of long tons..
Iron ore:
Imports
thous. of long tons
Shipment from mines.-thous. of long tons..
ReceiptsLake Erie ports and
furnaces
thous. of long tons
Other ports
thous. of long tons .
Consumption
..thous. oflongtons..
Stocks, end of monthTotal
thous. of long tons
At furnaces
thous of long tons
On Lake Erie docks. thous. of long tons..
Pig-iron production:
Total, United States.. -thous. of long tons..
Merchant furnaces
thous. of long tons..
Canada
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:
MeltingsActual
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
short tons
Operating activity
per ct of capacity
Shipments.. ._
short tons
New orders
short tons
Wholesale prices:
Foundry, No. 2,
northern
dolls per long ton
Basic (valley furnace). .dolls, per long ton_.
Composite pig iron
dolls per long ton

27

16

24

23

30

2?

55

+30.4

-45.5

147

93

-36. 7

205
23

233

193

197

240
1,560

184

195
10

+21.8

+23.1

741

863

+16.5-

88
30
4,562

4,524

4,234

5,031

733
316
5,019

5,160

5,192

-0.2

-3.3

19, 784

18, 808

-4.9-

38, 426
31,286
7,140

33, 971
27, 279
6,692

29,809
23,746
6,063

24, 809
19, 569
5,240

20, 753
16, 050
4,703

22, 610
17, 120
5,491

17, 708
13, 133
4,575

-16.3
-18.0
-10.2

+17.2
+22.2
+2.8

3,091
769
54

3,104
760
52

2,941
684
51

3,483
808
76

3,422
784
77

3,442
781
53

3,450
773
68

-1.8
-3.0
+1.3

-0.8
+1.4
+13.2

13, 131
2,921
228

12, 950
3,036
256

-1. 4
+3.9'
+12.3-

203
98,360
54.7

208
100, 635
57.0

217
106, 135
59.5

223
113, 435
61.3

220
112, 955
60.4

236
114, OCO
63.3

237
115, 150
63.5

-1.3
-0.4
-1.5

-7.2
-1.9
-4.9

18, 270
22, 158
82.4
99
72

13, 613
18, 934
71.3
91
62

13, 101
15, 478
84.6
105
74

20, 389
21,087
96.6
96
84

19, 189
21, 159
90.6
99
79

21, 162
23, 424
90.3
111
78

16, 908
19, 660
86.0
100
72

-5.9
+0.3
-6.2
+3.1
-6.0

+13.5
+7.6
+5.3
-1.0
+9.7

70, 990
86,972

66, 292
76, 658

-6.6^
-11.9-

46, 977
48.2
41, 545
37, 737

47, 454
47.7
44, 717
46, 872

58, 882
60.3
50, 264
54,237

61, 945
61.5
60,363
50, 056

55,318
55.3
56, 595
53,002

70, 474
67.6
65, 989
55, 027

62, 812
60.3
62, 333
49, 599

-10.7
-10.1
-6.2
+5.9

-11.9
-8.3
-9.2
+6.9

268, 277

223, 599

-16. 7

240, 454
219, 864

211, 939
204, 167

-11.9'
-7.1

20.51
18.50
20.77

20.26
18.00
20.16

20.26
18.00
19.73

20.26
18.40
19.79

20.26
19.00
20.04

22.26
20.00
22.27

20.76
18.63
21.53

0.0
+3.3
+1.3

-2.4
+2.0
-6.9

17, 164
12, 692
10,664
82, 765

20, 202
16, 130
15, 276
89,880

27,669
15, 864
19, 404
101, 393

23, 549
14,288
19, 987
94, 657

24,380
17, 340
19, 974 |
102, 248

5
63, 876
5 40, 303
s 47, 415

6
65, 035
5 44, 686
« 45, 284

+1. 8.
+10.9
-4,5
H

20,658
13, 105
10, 896
81, 849

21, 331
13, 527
12, 473
89, 855

25, 437
13, 132
16,085
101,042

20, 274
12,266
18, 033
102, 007

22,012
15, 012
18, 022
108, 944

5 60, 547
s 38, 848
5
56, 991

5
5
5

67, 426
39, 764
39, 454

+11. 4
+2.3
-16.0*

14, 226
9,534
9,240

14, 842
9,770
7,393

17,261
8,965
11, 588

15, 740
8,810
17, 778

16,366
10, 592
14, 210

s 46, 442
s 28, 584
5
40, 556

5
5

46, 329
28, 269
5 28, 221

-0.2-1.1
-30.4,

34. 464

40. 452

48. 714

45. 059

50. 897

Cast-Iron Boilers and Radiators
Round boilers:
Production
...thous. of lbs_. 12, 245
Shipments
thous oflbs
18,177
New orders
thous oflbs
12, 768
74, 967
Stocks, end of month
thous oflbs
Square boilers:
Production.
_
thous oflbs
15, 543
Shipments
thous. oflbs
19, 932
New orders
thous of Ibs
14, 156
Stocks, end of month
thous of Ibs
72, 951
Radiators:
Production- thous. sq. ft. heating surface
11, 829
Shipments thous sq ft heating surface
14, 435
New orders thous sq. ft heating surface
12, 316
Stocks, end of
month
thous. so. ft. heating surf ace _. 29. 915
3
Revised.
2
Quarter ending Dec. 31, 1926.




s4 Quarter ending Mar 31, 1927.
Quarter ending Mar. 31, 1926.

* Cumulative through Mar. 31.

27
TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulative* shown are through
April, except where otherwise notedEarlier data for items shown here may
be found on pages 26 to 134 of the
February, 1927, "Survey"

Decem- January
ber

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

March

April

March

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

-8.9
-6.4
+1.9

+0.6
0.0
+36.3

-2.7

-10.7

-6.9
-6.8
-5.4
-8.0

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH APRIL 30

Per ct,
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

1926

1927

16, 492

16, 262

-1.4

261

331

+26.8-

« 45, 061

5 45, 585

+1.2

-16.4
-17.1
-12.6
-18.8

405, 276

357, 753

-11.7

168, 094
237, 182

141, 709
216, 044

-15.7
-8. 9

-5.1
4 8
-1.2
-7.5

-12.0
-11.9
+16.1
-24.1

401, 693

354, 185

-11. 8

166, 760
234, 933

150, 893
203, 292

-9.5
-13.5

-12.0
-5.2

+7.2
+13.3

1, 242, 139

1, 214, 467

-2.2

+6.0
+0.2
-11.1
15 3
-3.8

-7.8
-25.1
+4.2
+17.2
+4.0

1, 232, 893 1, 139, 725
988, 523 1, 142, 173

-7.6
+15.5-

+4.2
+4.1
+7.1
-15.7
-11.7

-0.4
+0.7
+0.2
+12.7
+6.8

-2.2
-0.2
0.0
0.0

-5.0
4 8
-3.4
-2.6

+16.9
+16.9
+4.8
+4.8

April

IRON AND STEEL— Continued
Crude Steel
Steel ingots, production:
1
United States, total thous. of long tons._ i 3, 467
i 4, 106
3, 786
i 4, 535
* 4, 469
i 3, 811
4,130
174
181
94
88
Ratio to capacity
per cent
88
188
192
58
Canada
_
thous of long tons
59
107
109
59
56
80
U. S. Steel Corporation:
Unfilled orders,
end of month
thous of long tons
3,553
3,868
3,961
3,597
3,456
3,800
4,380
Earnings
thous of dolls
16,866
16, 365
13, 513
17, 129
15, 705
14, 943
Steel castings: *
Production —
82,034
84, 616
Total
-._
- short tons
97, 256
90, 498
85, 383
111,150 108, 203
64
Ratio to capacity
per cent
73
84
68
64
62
82
38, 784
47,604
32, 982
Railroad specialties
. short tons
41, 961
28, 699
36, 693
33, 250
51, 634
Miscellaneous
short tons _ 53,335
58, 472
63, 546
66, 242
53, 805
52, 133
New ordersTotal
short tons
108, 626
86, 006
82, 488
78, 282
88, 990
101, 708
91, 707
Ratio to capacity
per cent
67
62
59
82
65
76
69
38,111
Railroad specialties
_ .short tons
46,655
31, 004
26, 715
48,717
39, 792
31, 380
Miscellaneous
short tons _ _ 47, 895
47, 278
61, 971
52, 991
51, 108
62, 275
51, 915
Sheets, blue, black, galvanized, and full finished:
Production—
Total
short tons
238, 345
319, 132 294, 811
256, 856
282, 171 359, 340 316, 100
Ratio to capacity
per cent
108.8
72.3
97.4
103.1
94.2
83.5
91.0
Stocks, end of month—
173,381 184,289
Total
short tons
161, 661
157, 614 160, 357 169, 977
160, 193
62,604
Unsold
short tons
61, 433
49, 182
44, 974
47,168
46, 827
46, 901
Shipments
short tons
219, 498
239, 019
261,412 338, 436 300, 858 320, 623 288, 759
New orders
short tons
304, 233 249, 866
261, 357
240, 862
241, 951 345, 900 292, 965
Unfilled orders, end of month. .short tons.. 529, 940 526, 550 513, 002 510, 924 491, 290
534, 641 472, 448
Steel barrels:
Production
barrels
539, 805
622, 949 602, 058
529, 137
504, 134 575, 850 599, 771
Ratio to capacity
per cent
55.0
53.4
50.0
48.1
51.7
53.8
46.2
Shipments
barrels
622, 312 608, 056
546, 392
525, 518
503, 183 568, 821 609, 090
Stocks, end of month
__ .barrels
44, 411
47, 790
50, 409
51, 409
59, 389
50, 070
52, 360
Unfilled orders, end of month
barrels 1, 845, 987 1, 788, 194 1, 663, 772 1, 545, 980 1, 365, 555 1, 645, 066 1, 279, 159
Track work, production _. . .short tons
19, 756
16, 660
13, 010
11,626
11, 724
16, 778
Wholesale prices:
Steel billets, Bessemer .dolls, per long ton..
35.00
35.00
35.00
35.00
34.00
33.25
33.00
Iron and steel
dolls per long ton
38.90
38.60
38.26
36.76
37.76
37.01
36.82
Composite steel
dolls, per 100 Ibs
2.64
2.65
2.63
2.55
2.55
2.62
2.56
Structural steel beams dolls per 100 Ibs
1.95
1.95
2.00
1.90
2.00
1.95
1.90
Steel sheets, Youngstown
district
dolls, per 100 Ibs _
3.25
3.25
3 10
Steel Products
Structural steel, fabricated:
New orders (prorated)
short tons
225, 780
Ratio to capacity. _
percent
71
Shipments (prorated)
short tons.. 213,060
Ratio to capacity
per cent
67
Steel plate, fabricated, new orders:
Total _
short tons . 27, 244
Ratio to capacity _
per cent
34
Oil-storage tanks, __
short tons _
9,476
Iron and steel:
Exports
long tons
198, 189
Imports
long tons
51, 964
Steel furniture:
Business groupShipments
... thous. of dolls
2,934
New orders- _
thous. of dolls
2,802
Unfilled orders, end mo -thous. of dolls. _
1,556
ShelvingShipments _.
thous. of dolls
622
New orders
thous. of dolls..
562
Unfilled orders, end mo.thous. of dolls..
608
Steel boilers, shipments: *
StationaryTotal
number
Area
thous of sq ft
MarineTotal. _
._ number
Area
.thous. of sq. ft..

2, 216, 215 2, 208, 892

-0.3

2, 217, 904 2, 206, 612

-0.5

« 51, 161

« 40, 128

-21. 6

+8.6
+8.6
-14.3
-14.3

801, 360

839, 520

+4.8

887, 220

766, 380

-13.6

-15.6 +23.4
-15.5 +25.0
-25.3 +182. 0

140, 922

188, 528

+33.8

171, 720
54
174, 900
55

219, 420
69
181, 260
57

206, 700
65
200, 340
63

241, 680
76
209, 880
66

209, 880
66
244, 860
77

222, 600
70
244, 860
77

34,068
46
14, 336

57, 060
76
32, 983

52, 819
71
24, 127

44, 581
60
18,019

39, 764
52
12, 693

36, 133
48
6,390

215, 235
42, 219

166, 128
31,908

171, 094
47, 312

192,339
42, 550

169, 438
83,808

194, 449
98, 442

+12.4
-10.1

-1.1
-56.8

695, 659
346, 769

744, 796
163, 989

+7.1
-52.7

2,731
2,887
1,728

2,686
2,771
1,804

3,081
3,022
1,744

2,850
2,751
1,646

2,844
2,687
1,804

2,782
2,937
1,784

-7.5
-9.0
-5.6

+2.4
-6.3
-7.7

11,084
11,350

11,348
11,431

+2.4
+0.7

556
576
623

608
658
675

691
1690
679

678
622
627

726
1583
605

699
699
571

-1.9
-9.9
-7.7

-3.0
-11.0
+9.8

2,607
2,518

2,533
2,546

-2.8.
+1.1

1,003
1, 159

1,079
11,363

i 1, 384
i 1, 459

1,531
1,481

+10.6
+1 5

17
19

14
27

13
23

13
17

0.0
—26.1

508, 531
603, 735
995, 075

478, 273
601, 808
838,752

i 527, 385 i 437, 241
i 550, 202 i 422, 853
i 505, 660 i 519, 571

-6.0
-0.3
-15.7

+9.4
+42.3
+61.4

1, 903, 100 2, 331, 057
1, 875, 274 2, 063, 471

+22.5
+10.0

115
49, 694

77
26, 249

132 fc
145
52, 312
70, 055

-33.0
-47.2

-46.9
-62.5

152
158
226

126
138
216

-17.1
-12.7
-4.4

6 0
-14.8
-12.6

-14.4

+6.1

1
1

37,583

89, 465 +138. 0

Machinery
Foundry equipment:
New orders
.dollars.. 652, 334 659, 417 684, 836
Shipments
._ _. ..dollars
542, 640
373,229
484, 699
Unfilled orders, end of month
dollars.. 682, 896 945, 505 1, 086, 310
Stokers, mechanical:
Shipments
number
72
69
105
Shipments
.
horsepower
34, 974
41, 400
40, 467
Machine tools:
New orders
index number
134
143
123
Shipments
index number
193
155
138
Unfilled orders, end of mo. .index number..
278
234
248
Vacuum cleaners, shipments
(quarterly)
number
320, 110
Washing machines, shipments:
Total _
number
67, 214
82, 263
74,563
62. 510
55. 319
Electric
number.. 70. 340
*See table on p. 23 of the March, 1927, issue for earlier data.



134
162
247

258, 238

274, 089
81, 522
64. 961

183
195
282

92,832
74. 859
i Revised.

94, 725
78. 993

92, 582
74. 522

366
157, 810

-15. 3
-18. 0

331, 331
318, 024
265. 447
261. 783
Cumulative through Mar. 31.

-4.0
-1.4

+16.2
-21.6

5

+2.3
+6.0

432
192, 421

28
TREND OF BUSINESS MOVEMENTS—Continued
Perct.
1936

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 26 to 134 of the
February, 1927, "Survey"

December

1937

January

February

PER CENT INCREASE (+) OR
DECREASE (-)

1936

March

April

March

April

Apr.,
1927,
from
Mar.,
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Apr.,
1927,
from
Apr.,
1926

1936

1937

in-

crease
( }
or t
decrease
(-)
cumulative
1927
from
1926

IRON AND STEEL— Continued
Machinery— C ontinued
Water softeners:
New orders
units.
506
Shipments
units500
Stocks, end of month
units..
620
Water systems, shipments
units. .
4,848
Pumps, pitcher, hand, etc., shipments, .units .. 39, 409
Steam, power, and centrifugal pumps:
New orders
thous. of dolls. .
1,533
Shipments
. ..thous. of dolls. .
1,541
Unfilled orders, end mo
thous. of dolls. .
2,992
Agricultural machinery and equimpment:*
ShipmentsTotal
index number..
82.8
Domestic
index number..
80.4
Foreign
index number..
95.8
Production
index number. .
124.8
Electric industrial trucks and tractors:
Shipments, domesticTractors
number of vehicles. _
18
All other types
number of vehicles. .
95
Exports
number of vehicles..
5
Fire-extinguishing equipment, shipments:
Motor vehicles
. . number. .
131
Hand types .
..
number.. 40, 687

602
581
572

14,903
45,283
1,634
1,112

704
581
637

4,975

46, 941

963
790
757
5,731
42, 532

812
838
662

941
911
733
5,856

716
715
915
5,915

6,359
47,430

51, 118

42,984

-15.7 +13.4
+6.1 +17.2
-12.5 -27.7
+7.5
+11.0
+11.5 +10.3

3,053
2,986

3,081

2,790

+0.9
-6.6

21,951

21,908
200,626

182, 186

+0.2
-9.2

5,936
5,336

6,229
5,645

+4.9
+5.8

3,499

3,384

3,686

3,525

1,405
1,565

1,656
1,408
3,121

3,385

1,669
1,460

-21.9
+5.6
-4.4

-15.8
+7.2
+4.1

103.7
105.6
93.5
136.9

140.4
133.5
176.2
138.6

187.4
185.1
199.8
136.0

151.2
153.9
137.3
144.6

176.4
176.7
175.0
141.4

146.3
147.5
140.3
146.4

-19.3
-16.9
-31.3
+6.3

+3.3
+4.3
-2.1
-1.2

6
67
17

11
120
7

10
96
10

12
89
4

11
128
8

17
90
4

+20.0
-7.3
-60.0

-29.4
-1.1
0.0

64
400
21

39
372
38

-39.1
-7.0
+81.0

88
46, 279

87
46, 539

148,955

46,956

114

110
59, 245

121
52, 874

-7.3
-4.1

-5.8
-11.2

399
207, 256

412
188, 729

+3.3
-8.9

3,029

3,148
48
55

4,067

3,554

53
79

50
124

3,506

4,639
46
55

-23.4
-12.6
-5.7
+8.7
+57.0 +125. 5

14,847

72
69

236
212

13, 798
193
322

-7.1
-18.2
+51.9

399, 105
381, 116
17, 989

401, 836

383,907
17,929

+3.7
+3.3
+9.4

-6.9
-8.0
+16.5

1, 357, 708
62, 460

1,420,168

1,218,923
1,152,373

-14.2
-15.1
+6.5

48, 216
44, 495
3,721

45, 997

50, 189
46, 616

-1.0
-1.5
+5.3

-3.9
-4.5
+4.1

166, 319
150, 586

179,736

165, 021

14,715

+8.1
+9.6
-6.5

46, 703
34, 840
11, 863

27, 952
22, 278

31, 189
23, 152

+18.2
+16.2
+24.3

+49.7
+50.5
+47.6

113, 685
88, 956

147, 589
108, 302
39, 287

+29.8
+21.7
+58.9

4,075
2,930

10, 888

8,033
2,855

-55.1
-55.0
-55.3

-0.6
+10.1
-20.5

28, 556

20, 287

4,101
2,661
1,440
19, 777

8,166
55, 068

25, 921
18, 335
7, 586
46, 372

-9.2
-10.1
-7.1
-15.8

336, 497

322, 051

180, 106

113,341

122,742

106, 051

136, 643

+4.4
+23.1

+37.7
+31.8

185
117
156
223
11, 176

182
146
167
205
10, 617
2,471

160
141
176
208

1,390
1,486

1,800
1,482

123

PATENTS ISSUED
Total all classes
Agricultural implements
Inter nal -combustion engines .

.

number ..
number
number _ _

3,512
51
63

42
64

AUTOMOBILES
Production:
Passenger carsTotal
number of cars.. 143, 413 i 208, 731 i 275, 467 i 360, 764
United States
- number of cars.. 137, 361 i 196, 986 i 260, 641 1 341, 675
Canada
.number of cars..
11, 745
14, 826
6,052
10, 089
TrucksTotal .
number of cars. _
41, 947 148,700
27,768 i 40, 873
United States
number of cars.
38, 118 i 45, 166
26,068 i 37, 242
Canada
number of cars. _
3,631
3,829
1,700
3,534
Exports:
Assembled—
Total
number of cars
29,835
31,524
25, 663
39, 527
Passenger cars
number of cars _ _ 21,805
22, 122
21, 355
29, 985
Trucks
number of cars
7,713
10, 169
3,858
9,542
From CanadaTotal
* number of cars. .
7,466
5,308
5,620
9,072
Passenger cars
number of cars
5,296
3,597
4,836
6,512
Trucks
- number of cars..
2,170
784
1,711
2,560
Foreign assemblies. .
number of cars_.
14, 110
13,392
13, 348
18, 870
Sales, passenger cars and motor
cycles.
thous. of dolls_. 88, 729
85, 667
149, 437
214, 678
Shipments (General Motors Co.) :
To dealers
.
number of cars. _
99, 367
124, 426
44, 130
161, 910
To users
number of cars.. 52,729
81, 010
102, 025
146, 275
Accessories and parts:
Shipments—
Original equipment
index nos._
132
95
195
158
Replacement parts
index nos..
107
109
100
120
Accessories
index nos..
79
64
93
135
Servioe parts
_
index nos_.
140
112
155
210
Exports
thous. of dolls. _
5,134
6,038
8,611
10, 957
Rim production
_ .thous. of rimst-1,498
1,753
1,096
2,072
New passenger-car registrations:
174, 638
Total
.
number of cars. . 130, 336
179,920 259,499
6,291
Highest price group
number of cars..
5,277
6,524
12,086
Second highest group
number of cars_. 25,810
33,509
33, 507
56, 383
Third highest group
number of cars.. 27,423
34, 249
37, 294
56, 599
Lowest price group.
number of cars.. 71,032
99, 662
101, 957
133, 694
Miscellaneous...
..number of cars. _
927
794
638
737

373, 961

353,071
20,890

1,145

169,061

2,060

41,612
4,385

3,573

8,037

5,674

273, 260

10,426

53, 026
57, 774
150, 921
1,113

9,608
2,286

66, 550

15,733

24,729
20,390

6

388,024
15,684
78,488
86,021
206,045

5 449, 782

-34.1

361,363

554, 764
509, 416

+37.4
+41.0

35, 766

35, 878

+0.3
-17.1

614, 057
5 24, 901

8 121763
5361,420
83,416

-5.1 +15.6
-2.5 -17.0
+15.6 -11.4
+6.2
+7.2
+2.0 +16.3
-0.6
-9.9

682, 137
403, 728

8123,399

« 128, 142
5
335, 313
« 2, 302

-2.3
+12.9
+3.2
+5.2
-7.2
32 6

288,339

285, 266
329, 799

-1.1
+2.8

507, 023
548, 479

+9.6
+3.9
-1.6
+16.8

8,905

5 628, 229
8 22, 058
5 119, 572

1,786

7,383

5

NONFEBBOUS METALS
Copper
Production:
Mines
short tons
72, 396
76, 198
69,202 i 69, 314
Smelter
short tons.. 86, 907
89, 719
79, 684
80, 321
Refined (North and South
America)
short tons
133, 110
122, 292
126, 424
126, 331
World production, blister
short tons. _ 142, 300 143, 337 132, 814 i 137, 427
Domestic shipments, refined
short tons
61, 942 , 76, 409
67, 564 i 78, 947
Exports
. -. . short tons
37, 184
46, 932
43, 879
45, 306
•Stocks (North and South America) :
93, 982
Refined
short tons.. 85, 501
105, 020
102, 637
Blister
short tons.. 278, 135 275, 869 272, 219 i 263, 368
Wholesale price, electrolytic
dolls, perlb..
.1299
.1268
.1330
.1308
* See table on p. 23, of the April, 1927, issue for earlier data,
t See table on p. 24, of the March, 1927, issue for earlier data.




25,728

73, 454
85, 951

+1.8
-0.3

-4.0
-6.8

320, 876

121, 798
134, 727
88, 573
39, 244

116,302
136, 938
75, 030
44, 926

-0.8
-1.8
-6.3
+3.5

+7.7
-1.5
-1.4
+4.4

462, 612
527, 638
301, 838
148, 324

75,206

72, 644
264, 721
.1371

-4.1
-3.8
-2.1

+35.5
-4.3
-6.6

70, 552
80, 075

80, 719

125, 290
134, 901
73, 992
46, 908
98, 415
253, 347
.1281

261, 916
.1386

i Revised.
Cumulative through Mar. 31.

4

297,002
173, 277

29
TREND OF BUSINESS MOVEMENTS—Continued

The cumulative* shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 26 to 134 of the
February, 1927, "Survey'*

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927.

1936

December

January

February

March

April

March

April

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

number..
dollars .
dollars

152, 616
161, 629
105.74

371, 125
248, 094
105. 91

232, 435
208, 569
105. 16

239, 248
210, 702
105. 17

184, 377
197, 545
105. 29

230, 262
217, 435
109. 87

192, 666
187, 261
109. 19

-22.9
-6.2
+0.1

of pieces
of pieces

137, 634
142, 661

390, 798
399, 338

287, 356
280, 153

257, 336
298, 742

6,505

6,295

5,965

6,545

6,720

6,835

7,105

+2.7

13, 849
1,704
6,228
.6607

14, 280
2,494
6,699
.6347

15, 516
1,354
5,912
.6196

-10.3 -10.7
-0.3 +25.8
+4.7 +5.3
-2.6 +6.6

81,096
51, 626
41, 208

89, 497
54, 411
20, 561

89, 333
53, 334
25, 990

-2.5 -9.2
-8.7 -3.2
+13.6 +58.6

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

257, 082
302, 841

long tons

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

1926

1937

-4.3
+5.5
-3.6

1, 039, 310
948, 980

1, 027, 185
864, 910

-1.2
-8.9

-5.4

27, 530

25, 525

-7.3

26, 143

24, 844

-5.0

217, 371

216, 411

04

225, 473

s 185, 581

-17.7

NONFERROUS METALS-Continued
Copper Products
Plumbing fixtures:
New orders, tubularQuantity
Value
_.
.
Wholesale price, 6 pieces
Brass faucets:
New orders
number
Shipments
number
Tin

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

_

long tons_.
long tons
long tons
dolls . per Ib . .

16, 326
1,909
6,384
.6664

15, 342
3,304
7,966
.6479

14,221
2,484
4,704
.6653

15,441
1,709
5,946
.6783

88, 668
56, 884
21, 887

88, 908
56, 898
29, 912

85, 836
51, 341
32, 938

83, 208
56, 546
36, 279

Zinc
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 Ib..

69, 699
19, 158
.0702

Lead
63, 829
Production
short tons
Ore shipments:
10, 997
Joplin district .
short tons
70, 989
Utah
_ _
short tons
i 58, 117
Receipts of lead in U S ore
short tons
Stocks, U. S. and Mexico, end mo.-short tons.. 127, 035
Price, pig, desilverized (New York). dolls.per Ib.. .0786

5

69, 853
25, 515
.0666

46, 603
29, 202
.0667

69, 125
18, 538
.0669

.0634

71, 811
24, 107
.0733

64, 722
22, 995
.0700

-5.2

-9.4

59, 383

54, 151

i 61, 128

61, 237

61, 997

i 55, 347

+0.2

+10.6

233, 919

235, 899

+0.8

10, 812
64, 768
i 56, 345
134, 682
.0758

7,448
61, 305
i 51, 722
139, 824
.0742

10, 164
66, 358
58, 364
145, 766
.0758

8,435
75, 563
l 56, 701
117, 563
.0797

+15.2

+1.2

« 34, 494
263, 061
8 170, 844

« 28, 424
268, 888
5
166, 431

-17.6
+2.2
-2.6

.0713

10, 212
56, 902
i 58, 575
112, 637
.0839

-5.9

-10.5

4,169
950
3,219

5,861
1,008
4,853

5,229
1,412
3,817

-19.2
-21.4
-18.5

-20.3
-32.7
-15.7

21, 383
5,136
16, 246

18, 878
4,444
14, 434

-11.7
-13.5
-11.2

76, 457

Babbitt Metal

Consumption:
Total apparent.Direct by producers
Sale to consumers

thous. of lbs__
thous. of lbs_.
thous. of lbs_.

Arsenic
Crude:
Production
Stocks, end of month
Refined:
Production
Stocks, end of month

4,013
1,096
2,917

4,976
1,220
3,756

4,575
1,066
3,509

5,158
1,208
3,950

short tons
short tons..

537
2,621

1,414
2,725

1,147
2,387

1,380
2,378

539
3,534

418
3, 718

« 1, 282

« 3, 941 +207.4

short tons. .
short tons

866
1,798

913
1,983

810
2,251

1,030
2,230

746
5,976

377
5,462

« 1, 540

« 2, 753

+78.8

dozens..
dozens

118, 525
101, 356

131, 006
141, 817

138, 788
165, 707

202,393
182, 692

120, 396
116,036

91, 407
109,228

« 407, 092
5 301, 421

« 472, 187
s 490, 216

+16.0
+25.2

dozens..
dozens

31, 393
22, 025

31, 019
32, 082

39, 018
36, 123

32, 942
30, 980

60, 177
56, 119

44, 434
48, 182

5

150, 361
5 148, 180

5 102, 979
s 99, 185

-31.5
-33.0

Galvanized Sheet Metal Ware
Pails and tubs:
Production
Shipments
Other:
Production
Shipments

_

_

Enameled Ware
Baths:
83, 117
82, 810
Shipments
number.. 68, 133
182, 363
189, 108
177, 331
Stocks, end of month. _ _.
number
86, 802
79, 810
80, 023
New orders . _
number
Lavatories:
•
Shipments.
number.. 74, 005 i 102, 986 i 88, 832
Stocks, end of month
number., 265, 400 i 256, 114 i 267, 550
New orders
_
number-- 92, 759 i 106, 720 i 85, 880
Sinks:
Shipments
number-- 78, 524 i 99, 178 i 99, 613
Stocks, end of month
.number.. 306, 431 i 296, 158 i 311, 786
New orders
number.. 97, 081 i 104, 926 i 94, 215
Miscellaneous sanitary ware:
35, 659 i 40, 465 i 45, 630
Shipments >
number
Stocks, end of month
number.. 144, 564 i 130, 881 i 139, 952
44, 914 i 44, 262 i 43, 349
New orders
number
Unfilled orders, end of month:
Baths...
number
47,343
49, 804
43, 104
Small ware
_
-number-- 127, 104 i 117, 617 i 118, 617
Household ware:
Furnaces operating.
per cent of total _
85
79
Porcelain flat ware*:
New orders6,759
Total
thous. of sq. ft._
6,051
6,175
47.6
53.1
Ratio to capacity
per cent..
48.5
Shipments —
Total..
--.
thous. of sq. ft_.
6, 436
5,942
5,993
Ratio to capacity...
.per cent..
50.6
46.7
47.1
* See table on p. 24 of the March, 1927, issue for earlier data.




98, 799
186, 642
104, 993

99, 370
175, 681
98, 125

102, 284
166, 756
118, 076

103, 624
177, 778
110, 476

+0.6
-5.9
-6.5

-4.1
-1.2
-11.2

114, 342
256, 952
118, 798

110, 959
255,471
106, 626

121, 801
245, 384
128, 349

116, 205
250, 143
120, 139

-3.0
-0.6
-10.2

-4.5
+2.1
-11.2

118, 045
326, 391
123, 571

114, 291
319, 574
114, 784

121,883
301, 070
130, 496

117, 212
321, 073
119, 236

-3.2
-2.1
-7.1

-2.5
-0.5
-3. 7

49, 588
139, 551
51, 902

46, 813
140, 506
43, 732

55, 607
168, 298
60, 226

52, 076
158, 229
51, 180

-5.6
+0.7
-15.7

-10.1
-11.2
-14.6

46, 109
116, 454

44, 391
103, 185

94, 167
205, 003

96, 048
198, 203

-3.7
-11.4

-53.8
-47.9

85

86

5,359
43.7

5,591
45.6

7,366
60.1

6,292
51.3

1

Revised.

8

379, 320

364,096

-4.0

419, 054

369, 730

-11.8

457, 186

417, 119

476, 566

418, 024

-12.3

-4.6

-8.8

451, 909

431, 127

470, 496

437, 496

-7.0

205, 815

182, 496

-11.3

217, 282

183, 245

Commulative through Mar. 31.

15 7

30
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 134 of the
February, 1927 , "Survey"

1927

PER CENT INCREASE (+) OR
DECREASE (— )

1926

December

January

February

March

. dollars . 740, 786
dollars.. 223, 926
dollars
489, 356
dollars.. 27,504

407, 776
143, 893
240, 763
23, 120

474, 302
160, 558
289, 347
24, 397

559, 663
193, 961
337, 206
28, 496

April

March

April

622, 248
214, 590
385, 119
22, 539

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

533, 732
198, 628
312, 130
22, 974

CUMULATIVE TOTAL i
PROM JANUARY 1
THROUGH APRIL 30

1926

1927

Perct.
increase
(

-y

or decrease
(-)
cumulative
1927
from
1926

NONFEREOUS METALS— Continued
Band Instruments
.Shipments:
Total
Cup mouthpieces
Saxophones
.
Woodwind

M,614,891 5 1,441, 741
5 553, 870 5 498, 412
5 1,000, 556
5 867, 316
5 60, 465 ' 576,013

-10.7
-10.0
-13.3
+25.7

Electrical Equipment
Electrical mfrs., bookings* _ thous. of dolls 2 260, 078
3 251, 756
^Electrical porcelain, shipments:
Total
.
dollars. 243, 839 250, 859 237, 854 319, 227
Standard
dollars.. 71,715
93, 176
87, 083
108, 688
Special _ _
dollars
141, 789
122, 681
115, 043
168, 148
High tension
__dollars_. 30, 335
35,002
35, 728
42, 391
Laminated phenolic products,
shipments.
dollars.- 576, 794 494, 566 439, 334 505, 213
Motors:
New orders
..dollars.. 744, 424 692, 583 731,426 1, 078, 639
Billings (shipments)
dollars. . 907, 971 766,011 671, 208 802, 572
Power switching equipment (quarterly) :
New ordersIndoor ..
single pole units
215,486
3 15, 208
Outdoor.
single pole units ... 2 14, 725
3 17, 500
Electric hoists:
New OrdersQuantity
number
262
312
269
291
Value .
. dollars _. 157, 329 134, 006 148, 381 144, 305
Shipments
dollars
139, 522
174, 220
127, 459
139, 528
Electric overhead cranes:*
704
934
Shipments
_.
thous. of dolls..
1,008
1,065
694
New orders
thous of dolls
888
785
750
3,352
3,042
Unfilled orders, end mo
thous. of dolls..
3,738
3,971
Outlet boxes and covers, shipments
pieces 1, 576, 433 2, 258, 668 2, 055, 172 2, 093, 021
Vulcanized fiber:
ShipmentsTotal
thous. of dolls
795
732
731
919
Hollowware
thous. of dolls __
48
51
57
50
Consumption
thous. of Ibs
2,939
2,908
2,371
3,002
-Industrial reflectors, sales
.
units. . 137, 486 146, 152 122, 359 135, 084

4

262 678

322, 589
98, 818
172, 506
51, 265

—3 2

—4 2

301, 099
95, 259
169, 213
36, 627

5 876, 289
5 286, 169
5 451, 263
5 138, 857

5 807, 940
5 288, 947
5 405, 872
5 113, 121

-7.8
+1.0
-10.1

603, 372

540, 814

1, 661, 004

1, 439, 113

-13.4

1, 167, 749
1, 027, 319

866, 869
821, 947

2, 861, 754
2, 768, 724

2, 502, 648
2, 239, 791

-12.5
-19.1

4

+41.1
-1.8
+18.8 +121.4

10 776
* 7, 905

284
138, 829
138, 510

385
234, 032
191, 188

282
134, 109
128, 140

-2.4
-3.8
-0.7

+0.7
+3.5
+8.1

1,293
687, 322
699, 025

1,106
565, 521
545, 019

-14.5
-17.7
22 0

909
660
2,772

814
1,114

1, 180
901

-14.6
12 0
-8.9

-23.0
-26.7

3,901
3,899

3,612
2,992

-7.4
-23.3

1,052
65
3,266
460 599

964
61
3,182

2,975
141
8,718

2,446
156
8,312

-17.8
+10.6
-4.7

46, 137
1, 071
1,143

40, 079
996
1,094

-42.4

-13.5

186, 455

204, 604

+9.7

-8.6

+15.0

4,243

5,706

+34.5

+7.1

-14.0

FUELS
Coal and Coke

Bituminous:
Production—
United States
thous. of short tons..
Canada
thous. of short tons_.
Exports
thous. of long tons..
C onsumption—
By vessels
thous. of long tons..
By electric power
plants
thous. of short tons..
By railroads
thous. of short tons
By coke plants—
United States -thous. of short tons..
Canada
thous. of short tons..
Prices—
Mine average (spot) dolls . per short ton
Wholesale, Kanawha, f. o. b.
Cincinnati
dolls, per short ton
Retail, Chicago dolls, per short ton
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
€oke:
Production, U. S.—
Beehive
thous. of short tons..
By-product
thous. of short tons
Production, Canada. -thous. of short tons..
Exports
thous of long tons
Price, furnace, Connellsville
dolls per short ton

57, 671
1,923
4,299

56, 882
1,569
1, 720

52,904
1,376
1,352

60, 147

34, 671

1,376

1,258
345

718

376

312

322

3,849
9,424

3,814
9,186

3,336
8,074

3,483
8,647

6,555
237

6, 557
251

6,124
226

6,977
256

6,557
253

401

3,125
8,063

7,252
238

6,723
232

-6.0
-1.2

-2.5
+9.1

2.54

2.30

2.11

2.06

2.12

2.02

1.92

+2.9

3.89
9.85

3.64
9.64

3.64
9.31

3.64
8.89

3.39
8.99

3.39
8.39

0.0
-4.5

6,561
220

5,852
185

6,098
156

7,131
201

8,790
297

8,217
295

+16.9
+28.8

-13.2
-31.9

11.48

11.49

11.48

10.61

10.58

11.48

11.48

-0.3

14.50

14.50

14.29

13.50

15.29

14.54

-5.5

787
3,700
176
59

754
3,435
158
59

890
3,879
172
46

780
3,707
170
50

1,158
3,777
152
87

981
3,602
149
55

-12.4
-4.4
-1.2
+8.7

-20.5
+2.9
+14.1
-9.1

3.91

3.88

3.70

3.65

3.49

3.28

3.13

-4.4

26, 215
986

+2! 5

19, 263
635

25, 642
762

+33.1
+20.0

4,922
14,683
623
292

3,211
14, 721
676
214

-34.8
+0.3
+8.5
-26.7

234, 901

286, 825

+22.1

21, 553
242, 713
5,015

17, 192
269, 345
5,762

-20.2
+11.0
+13.1

Q O

-7.2

780
3,706
157
61

28, 860
962

-7.1

--7.8

14.50

+1.2
-2.3

+7.4
+6.0

7,528
294

1,355
5 10, 623
5
25, 907

+10.4

4.39
10.34

1,459
• 10, 499
s 26, 514

423
3,490
1
9, 021

+11.5

Petroleum
•Crude petroleum:
Production
thous. of bbls.. 72,061
67, 874
71, 475
Stocks, end of month—
Total (comparable)
thous. of bbls.. 278, 077 278, 972 285, 458
Tank farms and pipe
242, 602
243, 428
lines
thous of bbls
247, 749
Refineries
thous. of bbls__ 35, 475
35, 544
37, 709
California—
31,017
Light..
thous. of bbls__ 30, 861
29, 770
Heavy
___
-thous. of bbls._ 87, 270
87, 971
87, 640
4,514
Imports
thous of bbls
4,988
4,181
69, 948
Consumption (run to stills). thous. of bbls.. 69, 820
63, 351
Oil wells completed
number
1,385
1,556
1,342
Price, Kansas-Oklahoma dolls, per bbL.
1.750
1.700
1.750
*See table on p. 26 of the March, 1927, issue for earlier data.

i Revised.


75, 304

72, 172

60, 671

i 59, 992

-4.2

+2.03

290, 110

297, 681

287, 777

i 286, 429

+2.6

+3.9

252, 678
37, 432

260, 196
37, 485

256, 060
31, 717

252, 028
34, 401

+3.0
+0.1

+3.2
+9.0

29, 568
87, 886
4,434
69, 082
1,417
1.335

29, 460
88, 383
4,063
66, 964
1,528
1.114

43, 973
88, 466
7,216
63,000
1,304
1.800

38, 634
85, 656
5,906
i 61, 786
1,417
1.800

-0.4
+0,6
-8.4
-3.1
+7.8
-16.6

-23.7
+3.2
-31.2
+8.4
+7.8
-38.1

2

1

Quarter ending Dec. 31, 1926.
3 Quarter ending Mar. 31, 1927.

4
Quarter
5

ending Mar. 31, 1926.
Cumulative through Mar. 31.

31

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 134 of the
February, 1927, ttSurvey"

December

PER CENT INCREASE (+) OR
DECREASE (— )

1936

1937

1936

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

-4.7
-3.1
+9.8
+4.0
-0.1
-5.4

+9.4
+21.5
-19.0
+12.1
+14.4
+2.1

February

March

April

25, 024
2,933
3,475
18, 240
49, 714
.218
233, 504

27,886
3,271
3,117
22,464
52, 410
.205
259, 519

26, 577
3,171
3,424
23.371
52, 379
.194

4,453
2,590
8,655
.088
29,700

4,802
3,356
8,753
.083
33, 123

4,608
2,776
8,725
.079

5,516
3,492
7,004
.099
1
32, 801

15,037
13,268
7,014
.098
i 36, 897

30, 185

32, 377

31, 856

29,824

129,029

3,579
670
3,719
22,099
1.250

3,874
639
4,181
22, 561
1.219

4,204
23, 732
1.063

2, 345
1,231
8,361
.244

2,754
2,334
8,035
.240

2,615
1,712
8,176
.240

2,646
2,180
7,640
.240

i 2, 692
12,039
7,368
.240

173
234

222
235

274
220

211
195

199
240

+23.4
-6.4

88
295

98
326

88
319

81
220

47, 363
198, 452

53, 644
201, 340

48, 917
211, 019

26, 110
2, 296
12, 357
5,791
3,763

24, 553
2,963
10, 534
6,055
3,763

34, 546
3,319
16, 228
8,640
4,454

33,234
2,809
15, 148
8,195
5,113

260, 214
210, 528
32, 368
17, 318

244,323
195, 481
31, 897
16, 945

234, 094
186,430
31,435
16, 229

.155
.169

.145
.158

.140
.152

69, 456
255, 469
29,923

60,098
219, 752
20, 791

81, 890
233, 925
20, 396

1,170
23, 235
71, 974
63,957
19, 781

1,221
23. 944
68,506
63, 724
20, 417

143, 912
85, 718
158, 946

67,806
272, 897

January

March

April

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH APRIL 30

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

1936

1937

92, 631
10,208
13, 795
73,546

107, 447
12, 520
13, 441
81,963

« 748, 435

*740,602

-1.0

20, 421
13, 447

18,976
12, 604

-7.1
—6. 3

94, 720

* 93, 102

114, 928

127, 354

+10.8

15, 597
2, 130
12, 183

+8.0
-13.8
+1.4

10, 434
7,145

10, 284
6,773

-1.4
-5.2

+37.7
-8.3

724

860

+18.8

76
216

-10.2 +15.8
-2.1 +47.7

295

367

+24.4

55, 714
130, 341

i 55, 371
136, 084

-8.8 -11.7
+4.8 +55.1

214, 407

2Q4, 038

-4.8

34, 170
3,293
13, 901
9,144
4,554

33, 608
3,702
14, 591
8,022
5,148

130, 462
12,362
57, 586
31, 124
19, 299

118, 443
11,387
54,267
28, 681
17,093

-9.2
-7.9
-5.8
-7.8
-11.4

276,324
230, 332
31.872
14, 120

280, 782
231, 719
33, 121
15, 942

.152
.160

.122
.170

98, 759
209, 671
17,005

291,964
853, 029
79,^684

310,203
918, 817
88, 115

+6.2
+7.7
+10.6

5
3, 169
5
61, 308
* 206, 637
5
332. 844
«71,356

a 3, 795
5 73, 998
209, 227
« 5199, 225
67, 603

+19.8
+20.7
+1.3
-40.1
-5.3

FUELS— Continued
Pe troleu m— C ontinued

Gasoline:
ProductionRaw (at refineries)
thous. of bbls.. 27, 498
27, 960
Natural gas (at plants) _. thous. of bbls_.
3,145
3,100
Exports
thous of bbls
3,425
3,325
Consumption
thous. of bbls
21,419
17,888
Stocks, end of month
thous. of bbls_.
46, 058
39, 023
Price, motor, New York
dolls, per gal-.210
.210
Retail distribution, 21 States. thous. of gals. . 287, 052 247, 579
Kerosene oil:
Production ...
thous. of bbls
5,399
5, 113
Consumption
thous. of bbls
3,882
3,037
Stocks at refineries, end mo.. thous. of bbls..
8,575
8,190
Price, 150° water white
dolls, per gal._
.094
.093
Retail distribution, 13 States. thous. of gals. . 1 29, 943 30, 279
Gas and fuel oil:
Production
thous of bbls
32, 936
33, 376
Consumption —
By vessels
thous. of bbls _
4,065
3,940
By electric power plants.thous. of bbls..
821
803
By railroads
thous. of bbls
4,283
4,371
Stocks at refineries, end mo..thous. of bbls.. 24, 898
23,195
Price, Okla., 24-26, refineries. dolls, per bbL1.255
1.275
Lubricating oil:
Production
thous. of bbls
2,699
2,570
Consumption
_
thous. of bbls. .
1,827
1,496
Stocks at refineries, end mo.. thous. of bbls..
7,867
7,576
Price, paraffin, 903 gravity, dolls, per gal_.
.240
.240
Asphalt:
Production
thous. of short tons
214
191
Stocks, end of month _ _ thous. of short tons..
215
193
Coke:
Production
thous. of short tons..
93
93
Stocks, end of month.. thous. of short tons..
287
291
Wax:
Production
thous. oflbs_.
54,114
55, 950
Stocks, end of month
thous. of Ibs.. 185, 331 192. 835

23,868 i 24, 296
2,693
2,610
4,229
3,126
19, 302 i 20, 848
46, 121 i 45, 767
.190
.180
i 264, 845 i 293, 269

3,402
4,060
1639
715
4, 038
3,882
20,037 i 19, 788
1.381
1.210

-4.0 -9.5
-17.3 -15.1
-0.3 +24.4
-4.8 -19.4
-1.6

+9.7

+8.5

5

+3.5

1

8

+5.2 +19.9
-12.8 -23.0
-5.0
-2.9
-26.6 -16.0
+1.8 + 11.0
0.0
0.0

14, 440
5 2, 471
12, 012

5
5

+16.0
+22.6
-2.6
+11.4

-1.7

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
.thous. of lbs_. 23, 352
Calfskins
thous. of lbs._
3,133
Cattle hides
thous. of Ibs
9,083
Goatskins
thous. of lbs_.
5,617
Sheepskins
___
thous. of lbs_.
3,522
Stocks, end of month:
Total hides and skins. ._
thous. of lbs__ 265, 932
Cattle hides
thous. of Ibs. . 210, 772
Calf and kip skins
_
thous. of Ibs.. 36, 384
Sheep and lamb skins
thous. of lbs__
18, 776
Prices:
Green salted, packers' heavy
native steers
.dolls, per lb_.
.151
Calfskins, country No. 1
dolls, per lb_.
.167
Inspected slaughter of livestock:
CanadaCattle and calves
.no. of animals
89, 320
Swine
no. of animals
254, 489
Sheep
no. of animals
46,201
Leather
Production:
Sole leather.. thous. of backs, bends, sides..
1,256
Finished sole and belting
thous. of lbs._
24, 199
Finished upper..
thous. of sq. ft.. 75, 297
Oak and union harness
stuffed sides.. 80, 801
Skivers
doz
17,784
Unfilled orders:
Oak and union harness
sides.. 160, 767
Stocks in process of tanning:
Sole and belting. _
.thous. of Ibs. _
84. 713
Upper
thous. of sq. ft.. 149, 900
Stocks, end of month:
Sole and belting _
thous. of lbs_. 71, 855
Upper
thous. of sq. ft.. 274, 762
Exports:
Sole
thous. of Ibs..
839
Upper—
Total
thous. of sq. ft.. 12, 790
Patent
_.thous. of sq. ft_.
3,040
Cattle and calf
thous. of sq. ft..
9,143
Sheep
thous. of sq. ft_.
607
Prices:
Sole, oak, scoured backs,
heavy, Boston
dolls, per lb._
.43
Chrome calf, "B" grades. .dolls, per sq. ft__
.45
i Revised.




-3.8
-15.4
-6.7
-5.2
+14.8

-1.1
-24.1
+3.8
+2.2
-0.7

.114
.165

+8.6
+5.3

+33.3
-3.0

83,706
216, 917
22, 296

90,630
203, 892
15,036

+20.6
-10.4
-16.6

+9.0
+2.8
+13.1

1,403
26. 819
68,747
71, 544
27,405

1,113
21, 644
73,903
114, 678
25, 338

1,106
21, 492
68, 675
109,906
22, 390

126, 087

99,905

76,992

76, 224

89,060
153,364

91, 056
150, 325

79. 022
156, 956

79. 585
155,454

66, 340
274, 197

66, 235
277, 143

106, 182
303, 863

103, 843
306, 572

5

712

1,039

1,150

846

1,398

1.325

-26.4

-36.2

4,929

3,747

-24.0

12, 663
3,144
8,876
644

11, 636
2,257
8,882
497

12, 293
2,404
9,250
639

13, 388
2,896
9,786
706

12. 791
2,520
9,761
510

13, 663
2,978
9,918
767

+8.9
+20.5
+5.8
+10.5

-2.0
-2.8
-1.3
-8.0

49, 160
10, 597
36,306
2,057

49, 980
10, 701
36. 793
2,486

+1.7
+1.0
+1.3
+20.9

.43
.45

.43
.45

.43
.46
5

.43
.46
.46
.46
.46
.46
Cumulative through Mar. 31.

0.0
0.0

-6.5
0.0

32

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 134 of the
February, 1927, "Survey"

PEE CENT INCREASE (+) OR

1926

1927

DECREASE (— )

December

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH APRIL 30

Perct,
increase
( }
or t
decrease
(-)
cumulative
1927
from
1926

January

February

March

April

March

April

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

1926

1927

298, 764
i)00

284, 630
480

300, 656
507

267, 300
452

397, 207
679

359, 298
609

-11.1
-10.8

-25.6
-25.8

1, 503, 643
2,567

1, 151, 350
1,939

-23.4
-24.5

27, 292
397

31, 120
559

595

29, 928
400

26,637
657

+6.4

-9.4

579,500
1,943

5 83, 405
2,042

+4.9
+5.1

6.40

6.40

6.40

6.40

6.40

6.40

0.0

0.0

4.85

4.85

4.85

4.85

5.00

5.00

0.0

-3.0

4.00

0.0

-3.6

HIDES AND LEATHER-Continued
Leather Products
Belting shipments:
Quantity
.pounds.. 285, 847
Value
thous. of dolls
471
Shoes:
Production.
thous. of pairs..
25, 415
Exports
thous. of pairs..
498
Wholesale pricesMen's black calf
blucher, Mass
dolls, per pair..
6.40
Men's dress welt, tan
calf, St. Louis
_. .dolls, per pair..
4.85
Women's black kid, dress
welt, lace, oxford
dolls, per pair..
4.00
Gloves, cutTotal
dozen pairs.. 176, 605
Dress and street —
Imported leather
dozen pairs..
41, 673
Domestic leather
dozen pairs
26, 920
Work gloves _
..dozen pairs . 108, 012

24, 993
491

1

4.00

4.00

4.00

4.15

4.15

196, 270

197, 987

230, 749

218, 961

222, 713

s 625, 033

5 625, 006

0.0

50,917
27, 736
117,617

58, 681
31, 348
107, 958

64, 588
43, 187
122, 974

51. 816
35,963
131, 182

54, 595
35, 544
132, 574

5 137, 836
5 92, 815
5
394, 382

5 174, 186
5 102, 271
5 348, 549

+26.4
+10.2
-11.6

i 55, 559
43, 340

i 43, 426
28, 337

64,375
35, 515

55, 271
42, 152

39, 946
34, 544

5 152, 634
151, 965

s 163, 360
153, 394

+7.0
+0.9

4
4

45, 037

3 91, 279
3 78, 577
50, 614

86, 757
73, 081
45, 497

43, 802

s 133, 186

5 139, 729

+4.9

3 82, 233
3 68, 105
3 14, 128
3 45, 384

4
4

RUBBER
Crude Rubber
World shipments, plantation
long tons..
57, 386
Imports (including latex) __
long tons _
37, 754
Consumption (quarterly):
Total
long tons
2 76, 555
For tires
long tons.. 2 64, 891
Consumption by tire mfrs. .thous. of lbs__
37, 117
Stocks, end of quarter:
Total
-. ..long tons
2 68, 876
Manufacturers
long tons_. 2 58, 785
Dealers
long tons
2 10, 101
Afloat ..
long tons.. 2 50, 529
Stocks, end of monthUnited Kingdom
long tons..
51, 320
Plantation, afloat
long tons..
77, 300
Wholesale price, Para, N. Y
dolls, per lb_.
.256

44, 078

57, 065
75,700
.268

61, 170
66,500
.261

74, 390
.286

46, 202

14, 452
73, 600
.448

.274

20, 403
64, 330
.395

+33.7

+19.2
+21 1

+5.2
+7 5

+19.4
+15.9
+39.9
-10.2

58, 191
48, 301
4
9 890
4
43, 204

+30.1

+41.3
+41.0
+42.9
+5.0

-4.2

-30.6

Other Rubber Products
Reclaimed rubber (quarterly) :
Production
long tons_. 2 44, 989
Stocks, end of quarter _
..long tons
2 18, 160
Scrap rubber (quarterly) :
Stocks at reclaimers.
_ long tons
2 65, 969
Consumption by reclaimers
long tons.. 2 58, 410
Rubber-proofed fabrics:
ProductionTotal
thous. of yds
1,813
Auto fabrics
..thous. of yds..
533
Clothing fabrics
thous. of yds__
814
Rubber heels:
Production
thous. of pairs
15, 941
Shipments—
To shoe manufacturers .thous. of pairs. _
10, 992
To repair trade
thous. of pairs
3,421
Stocks, end of month
...thous. of pairs
42, 907

3 45, 547
3 21, 508

4
4

44, 092
13 377

+1.2
+18.4

+3.3
+60.8

3 62, 807
3 58, 303

4
4

85, 593
52, 437

—4 8
—0.2

—26 6
+11.2

1,916
718
784

2,084
718
881

2,427
978
1,190

2,102
449
983

1,579
400
656

s 4, 956
5 1, 226
* 2, 298

5 6, 427
5 2, 414
s 2, 855

+29.7
+96.9
+24.2

13, 660

12, 733

13, 640

17, 635

15, 097

« 50, 918

5 40, 033

-21.4

6,685
* 4, 013
46, 355

6,652
4,062
48, 010

7,906
6,367
47, 822

9,111
3,884
52, 179

6,157
3,282
56, 681

528,366
511,113

5 21, 243
5 14, 442

-25.1
+30.0

603, 908
583, 195

-3.6
-5.1

PAPER AND PRINTING
Wood Pulp
Mechanical:
Production
.short tons..
Consumption and shipments. ..short tons_.
Stocks, end of month
short tons..
Imports
_
short tons..
Chemical:
Production
short tons
Consumption and shipments -..short tons__
Stocks, end of month
short tons..
Imports
short tons,.
Price, sulphite
dolls, per 100 Ibs .
Newsprint Paper
Production:
United States.
short tons_.
Canada
.
short tons
Consumption by publishers
short tons..
Shipments:
United States
short tons_.
Canada
short tons
Imports
.short tons
Exports:
United States
short tons
Canada
short tons._
* Revised.
2 Quarter ending Dec. 31, 1926.




147, 405
148, 205
195, 980
22, 556

146, 077 i 125, 740 U66,411
163, 466 * 128, 886 i 148. 360
183, Oil i 180, 100 i 198, 338
18, 378
23, 746
12, 723

165, 680
142, 483
221, 535
19, 772

153, 057
160,368
181, 248
24, 416

186, 918
162, 083
205, 935
15, 866

-0.4
-4.0
+11.7
-16.7

-11.4
-12.1
+7.6
+24.6

626, 329
614,261
88, 564

74, 619

-15.7

221, 200
222, 824
42, 014
144, 425
2.75

229,580 i 206, 646 i 231, 432
229, 382 i 204, 248 i 229, 204
38, 730 i 39, 950 i 42, 178
153, 584
97,063
89, 662
2.75
2.75
2.75

215, 240
210, 876
39, 754
82, 536
2.75

235, 684
236, 768
39, 790
99, Oil
2.95

225, 664
236, 364
39, 078
102, 344
2.95

-7.0
-8.0
-5.7
-15.0
0.0

-4.6
-10.8
+1.7
-19.4
-6.8

888, 052
897, 570

882, 898
873, 710

-0.6
-2.7

427, 099

422, 845

-1.0

135, 069
163, 717
172, 537

135, 755
161, 724
168, 241

121, 318
151, 986
144, 074

133, 731
174, 094
176, 356

130, 236
166, 460
186, 138

145, 900
154, 093
170, 228

i 145, 255
151, 739
172, 670

-2.6
-4.4
+5.5

-10.3
+9.7
+7.8

560, 846
580, 583
648, 794

581, 183
654, 264
674, 809

+3.6
+12.7
+4.0

136, 501
161, 922
170, 159

131, 333
158, 866
166, 102

119, 076
145, 263
134, 209

129, 451
169, 061
166, 531

129, 010
168, 511
147, 736

i 142, 669 i 144, 535
154, 015
153, 157
158, 400
168, 463

-0.3
-0.3
-11.3

-10.7
+9.4
-12.3

554, 861
579, 175
586, 510

508, 870
641, 701
614, 578

-8.3
+10.8
+4.8

902
156,408

1,360
142, 329

874
141, 199

1,648
184, 502

1,073
123, 449

7,772
-34.9 -55.1
540, 963
-33.1 +9.4
Cumulative through Mar. 31.

4,955
591, 479

-36.2
+9.3

3 Quarter ending Mar. 31, 1927.
1
Quarter ending Mar. 31, 1926.

1,475
173, 171

2,392
112,828
5

33

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 134 of the
February, 1927, "Survey"

1926

1927

Decem- January
ber

PER CENT INCREASE (+) OR
DECREASE (— )
Apr.,
1927,

Apr.,
1927,

Mar.,
1927

Apr.,
1926

Per ct.
inCUMULATIVE TOTAL
FROM JANUARY 1 crease
THROUGH APRIL 30 (+>
or decrease
(-)
cumulative
1927
1926
1927
from
1926

February

March

April

March

April

232, 944
43, 624
3.30

15,968
17,255

18, 426
22, 769
224, 572
48, 251
3.30

22, 744
28, 462
227, 049
42, 884
3.30

24, 105
26, 389
215, 329
40, 798
3.30

18, 352
14, 800
132, 416
34, 185
3.50

19, 478
12, 415
128, 685
32, 505
3.50

+6.0 +23.8
-7.3 +112. 6
+67.3
-5.2
-4.9 +25.5
-5.7
0.0

634
96

722
132

660
113

699
141

819
135

705
144

649
189

+17.2 +26.2
-4.3 -28.6

2,541
577

10, 244
12, 544
108

12, 919
11, 178
103

11, 632
11, 197
1102

12,085

11, 045

13, 284
13, 072
110

-3.7
-6.2

47,099
47,590

from

from

PAPEE AND PRINTING-Continued
Newsprint Paper— Continued
Stocks, end of month:
At millsUnited States
Canada
At publishers
In transit to publishers
Price, roll, f. o. b. mill

short tons.. 12, 030
short tons . 14, 345
short tons
187, 272
short tons _ 41, 560
dolls, per 100 lbs_.
3.50

Printing
Book publication:
American manufacture
no. of titles-Imported
.*
. . no. of titles
..
Sales books:
New orders
.
thous. of books
Shipments
thous of books
Printing activity
weighted index number--

12, 521
118

11,167

11,471

11, 908 '
104

-8.6
-10.8

2,900

+14.1
-9.7

46, 063

47,681

+1.2
-3.2

-8.9

521

Box Board *
Operation .
thous. of inch hours
Operation
per ct. of capacity
Production
tons
New orders __ ..
tons
Unfilled orders, end of month
tons..
Consumption of waste paper
tons..
Shipments
tons
Stocks, end of month
tons._
Stocks of waste paper, end of month:
On hand
tons
In transit and unshipped purchases. -tons. .

6,943

6,999 • 7,583

8,605

7,702

8,629

66.8
165, 074
190, 163
86, 562
159, 969
172, 815
55, 159

71.0
173, 629
194, 285
105, 669
163, 337
175, 528
53, 562

80.2
189, 273
183, 861
102, 005
182, 322
189, 032
53, 327

80.9
219, 682
229, 376
113, 583
209, 388
217, 973
54, 327

75.2
204, 396
196, 528
101, 361
188, 329
208, 750

9,162
84.9
225, 688
219, 994
104, 128
214, 046
222, 018

54,265

83.0
207, 765
194, 824
90, 671
209, 245
208, 281
53, 661

166, 153
34, 662

163, 023

158, 222

40,602

154, 742
43, 789

147, 758
46, 314

154, 923
42, 971

149, 742
50, 480

119, 965
64, 847

111, 569
64, 199

123,839

110,217
66, 099

122, 725
56, 704

116, 589

66, 767

104
97
93
10

102
99
97
11

98
95
90
9

92
87
90
10

97
100
98
14

95
91
87
7

88
88
94
9

90
90
94
10

95
94
87
10

38,062

49,973

-10.5 -10.7
-9.4
-7.0
-7.0 -1.6
-14.3 +0.9
-10.8 +11.8
-9.8 -9.8
-4.2 +0.2
-8.0
-6.9

33, 901

30, 890

827, 778
809, 111

787, 980
804, 050

-4.9
-0.6

799, 077
821, 547

743, 876
791, 283

-6.9
-3.7

458, 742

465, 590

+1.5

-1.3
-8.3

-4.5
+5.8

Book Paper
Book paper, total:
Production
_
short tons.. 117, 613
62, 353
Stocks, end of month
short tons
Uncoated book paper:
€6
Production
per ct. of normal
93
Shipments.__per ct. of normal production..
88
Orders
per ct. of normal production
12
Unfilled orders, end of month
days..
Coated book paper:
87
Production _
per ct. of normal
92
Shipments.. .per ct. of normal production..
82
Orders _ per ct. of normal production
5
Unfilled orders, end of month
days..

-11.0
-1.0

-5.5
+17.7

100
98
90
12

-6.1
-8.4
0.0
+11.1

-8.0
-11.2
0.0
-16.7

94
97
91
10

92
97
82
8

+5.6
+4.4
-7.4
0.0

+3.3
-3.1
+6.1

+25.0

96, 28^
70, 979

'89, 461
69, 093

-5.0
+5.1

+5.0
+6.2

360, 580

370, 692

+2.8

42,408

40,855

56,137

Other Paper
Wrapping paper:
89,475
91, 760
86,051
93,946
Production
short tons
98, 935
68, 465
67, 860
66, 916
73, 395
Stocks end of month
short tons
69, 844
Fine paper:
35, 650
35, 148
34, 064 i 39, 195
Production
short tons
40, 539
52, 794
52, 408
50, 997 1 49, 518
49, 446
Stocks, end of month
short tons
All other grades:
Production
_ .short tons_. 96, 260 100, 755 * 93, 572 11108, 797
99, 211
65, 894
67, 593 i 65, 697
67, 589
Stocks, end of month
short tons
66, 662
T otal paper (inc. newsprint and box board) :
Production
short tons.. 639, 141 i 657, 012 1635,847 i 724, 180 678, 545
315, 704 i 323, 229 i 319, 564 i 329, 862
Stocks, end of month
short tons
330, 607
Paper-board Shipping Boxes
Production:
Total
thous. of sq. ft.. 359, 602 371, 748 421, 165
Corrugated..
__
thous. of sq. ft_. 287, 714 293, 677 336, 910
78,071
84,255
Solid
fiber
thous. of sq. ft_. 71, 888
Operating activity:
71
81
70
Total __
per cent of normal
72
82
70
Corrugated
.per cent of normal- .
68
78
Solid
fiber
per cent of normal 65
Paper boxes:*
Shipments _
dollars 1, 542, 409 1, 076, 677 1, 019, 498
295, 729
298, 421
Pay roll
dollars
370, 833

+3.4
-0.1

-0.8
-0.3

148, 946

49, 594

161,813

-8.0

50, 038

108,462

101, 035
75, 703

-8.8
+1.4

-1.8
—10.7

414,934

402, 335

73, 666

-3.0

741, 472
i 324, 004

700,960

-6.3
+0.2

-3.2

2, 784, 693

2, 695, 584

323, 666

+2.1

-3.2

421, 110
338, 400

82,710

403, 165
322, 002
81, 163

410, Oil
324, 983
85, 028

379, 259
299, 641
79, 618

-4.3
-4.8
-1.9

79
80
76

77
76
77

85
87
79

81
8?
77

-2.5
-5.0
+1.3

+6.3 1, 534, 373 1, 617, 188 +5.4
+7.5 1, 210, 492 1, 290, 989
+6.6
+1.9
326, 199
323, 881
+0.7
-4.9
i
II
-7.3 1
0

-8. 5

+3. 8

1,231,367 1, 139, 753
335,097 306,027

Other Paper Products
Rope-paper sacks, shipments.. -index number..
Abrasive paper and cloth:
Domestic shipments
_ . reams
Foreign shipments ..
reams . _
Labels:
New orders
per ct of capacity

120

99

108

118

108

115

60, 291

14,490

76, 717
12, 575

83, 229
13, 569

98, 054
20, 844

85, 334
16, 714

96,354

45.1

84.5

81.9

81.0

79.7

102.8

18, 907

104

-0. 9
86, 142 -13. 0
15, 669 4-19.8 ! +6.7
98.2

BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements:
1,070
Portland, Oreg
number
3,385
Minneapolis, Minn
.
number..
Real estate conveyances (41 cities) number.. 147, 057

i Revised.


351, 116
56, 993

343, 334
63, 702

-2.2
+11.8

5,141
15, 460
5 447, 181

16, 164
« 426, 947

4,457

-13.3
+4.6
-4.5

-1.6 ! -18.8
i

1,144
3,131
135, 935

1,057

2,955
129. 258

1,125
4,183
161. 754

1,131

5,895

1,365

3,856
166, 418

1.357

6,209

+0.5 ! -16.7
+40. 9
-5. 1

166, 224

*See table on p. 24 of the April 1927 issue for earlier data.

34

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 134 of the
February, 1927, "Survey"

1937

PER CENT INCREASE (+) OR
DECREASE (— )

1936

January

February

March

crease
(+>
or de-

crease

!
December

Per ct.
in-

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH APRIL 30

April

March

April

Apr.,
1927,

from

(-)

Apr.,
1927,

from

Mar.,
1927

1936

1927

Apr.,
1926

-3.1
-4.1

cumulative

1937

from
1926

BUILDING CONSTRUCTION AND
HOUSING-Continued
Building Costs (Index Numbers)
Building materials:
Frame house, 6-room, 1st of month . .. .
Brick house, 6-room, 1st of month
Concrete factory costs (Aberthaw), 1st of following month ._
Building costs (Engineering News Record),
1st of following month_ .
Building costs (A. G. C.)*_ .
Building volume (A G. C.)*
Construction index:
Frame
index number
Brick, wood frame
index number .
Brick, steel frame
index number..
Reinforced concrete. .
index number

189
190

190
190

191
190

191
190

190
189

196
197

196
197

-0.5
-0.5

196

194

193

193

193

199

199

0

212
196
162

210
197
129

209
199
121

209
201
135

207
201
166

207
197
119

207
198
151

-1.0
0
23.0

0
+1.5
+9.9

204
213
198
200

204
213
198
200

204
213
197
200

204
213
197
200

204
213
197
200

205
213
200
201

205
213
200
202

0
0
0
0

-0.5
0
-1.5
-1.0

9,856
5,941
37, 033
2,812

10, 037
3,721
29, 757

8,799
4,237

14, 712

12, 259

15, 431

14, 981

-16.7

31, 025

47, 938

49, 139

5,475

47, 731 '
4,515

51, 756

-0.4
-17.5

-18.2
+74.1
-7.8
-8.0

49, 510
24, 811
170, 442
13, 941

45, 807
23, 384
156, 451
15, 286

-7.5
-5.8
-8.2
+9.6

5,587
61, 531

3,266

5,880

5,889

50, 568

52, 348

7,569

5,582

82, 827

79, 722

81, 800

83, 454

-26.3
-3.7

-5.2
-4.5

19, 251
279, 412

21, 177
265, 465

+10.0
-5.0

69,634
47, 139
199, 483
21, 912

77, 829
27, 134
160, 029
16, 675

65, 937
40, 381
158, 004
21, 842

106, 925
47, 560
240, 312
35, 413

78, 084
40, 032
259, 841

104, 113
47, 776
252, 425
28, 576

87, 895
41, 524
257, 965

-27.0
-15.8
+8.1
-3.1

-11.2
-3.6
+0.7
-7.8

306, 841
222, 802
864, 966
97, 771

328, 775
155, 107
818, 186
108, 256

+7.1
-30.4
-5.4
+10.7

63,357
118, 583
520, 107
13, 725

31, 625
53, 638
368, 930
16, 771

45, 765

58, 227
113, 246
583, 766

46, 627
97, 283
576, 800
19, 779

50, 685
76, 940
552, 253
37, 292

-8.9
+11.3
-2.0

+14.9

381, 286
19, 475

63, 948
101, 717
595, 874
17, 436

+5.7

162, 059
291, 712
1, 946, 149
« 45, 926

199, 565
317, 959
1, 929, 856
5 53, 682

+23.1
+9.0
-0.8
+16.9

43, 758

37, 911

26,285

26, 808

39, 724

42, 855

52, 408

+48.2

-24.2

167,408

130, 728

-21.9

1

-3.0
1

Building Contracts and Losses
Contracts awarded (36 States):
Commercial buildings
thous. of sq. ft_.
Industrial buildings
thous. of sq. ft_.
Residential buildings
thous. of sq. ft..
Educational buildings
thous. of sq. ft_.
Other public and semipublic buildings
.thous. of sq. ft_.
Grand total
thous. of sq. ft..
Contracts awarded, value (36 States) :
Commercial buildings ._ -.thous. of dolla_.
Industrial buildings
thous of dolls
Residential buildings __ thous. of dolls .
Educational buildings
thous. of dolls..
Other public and semipublic buildings
thous of dolla
Public works and utilities. -thous. of dolls..
Grand total
thous of dolls
Contracts awarded, Canada
thous of dolls
Fire losses:
United States and Canada.thous. of dolls..

2,329

2,967

4,760

49,358

6,239

9,187r

34,326

7,033

3,936

5,277

4,907

37,245

+47.3

+47.2

LUMBER PRODUCTS

Softwood Lumber
Southern pine:
479, 370
454, 005
-7.2
Production (computed)
M ft. b.m_. 436, 869 422, 022 403, 807 444, 469 412, 472
-9.1 1, 814, 229 1, 682, 770
469, 737
492, 779
-3.2 -11.0 1, 856, 245 1, 635, 560
Shipments (computed)
M ft. b . m _ _ 345, 865 382, 751 361, 403 452, 940 438, 466
475, 836
474, 287
-5.8
-New orders (computed).
M ft. b. m _ _ 337, 200 426, 558 402, 162 459, 862 433, 287
-8.6 1, 887, 952 1, 721, 869
-2.8
Stocks, end of mo. (computed).M ft b. m__ 1, 164, 232 1, 219, 779 1, 25?, 224 1, 239, 474 1, 205, 135 1, 178, 497 1, 120, 803
+7.5
64, 492
Exports, lumber
M ft b. m
51, 362
56, 908 +56. 7 +41.1
58, 692
80, 305
197, 454
46,648
51, 244
242, 689
126
183 +337. 1 +112. 6
74
261
1,071
389
89
19, 017
Exports, timber
M ft. b. m..
1,810
47.96
46.88
40.04
-0.3 -15.6
Price
flooring
dolls per M ft. b m
41.31
40.81
39.66
39.56
Douglas fir:
612, 382
521, 062
419, 893
484, 355
410, 045
-5.3
Production
M ft b m
510, 766
511, 213
-7.0 2, 195, 712 1, 916, 379
629, 392
538, 072 +10. 8
+5.2 2, 267, 334 1, 974, 127
Shipments (computed)
M ft. b. m_- 405, 121 411,836 485, 698 510, 766 565, 827
514, 795
+0.4
660, 280
458, 839
518, 138
548, 368
+6.5 2, 333, 139 2, 069, 475
New orders
M ft. b. m
401, 987
546, 130
78, 509
61, 632
53, 944
-2.1 -24.2
48, 025
46, 699
256, 498
196, 388
Exports, lumber
M ft. b. m_. 47, 794
47, 720
37, 909
54, 261 +14.5 -17.1
22, 994
45, 003
26, 449
39, 294
155, 822
133, 740
Exports, timber
M ft. b. m
46, 442
17.24
16.50
16.50
16.43
+2.6
16.89
17.19
16.80
+4.5
Price, No. 1 common dolls per M ft. b. m
Price, flooring, 1 x 4, "B" and
40.20
36.24
-0.5 -10.9
40.20
35.92
35.99
35.81
better, V. G_.
M ft. b. m
36.06
California redwood:
42, 413 -19.4 -19.4
57, 078
34, 199
182, 302
141, 227
32, 099
32, 511
42, 418
Production (computed)
M ft. b. m_. 30, 852
41, 616
41, 370 -13.6
35. 851
44, 278
24, 043
37, 061
51, 273
150, 184
168, 463
+7.0
Shipments (computed)
M ft. b. m._
47, 394
53, 913
39, 390 -20.9 +20.3
40, 121
177, 783
32, 014
42, 600
59, 952
190, 067
Orders received (computed) M ft. b. m._
California white pine:
148, 662 +29.3 -61.5
44, 247
44, 323
57, 305
96, 129
81, 226
55, 821
346, 608
Production
M ft b m
201, 696
115, 576
123, 666
73, 874
100, 206
-4.8 -19.0
442, 988
355, 047
89, 293
75, 706
105, 261
Shipments
.
M ft. b. m
485, 007
521, 153
477, 411
591, 017
-8.4
Stocks, end of month
M ft b m
690, 157
560, 748
522, 422
-8.6
Western pine:
164, 256 +31.1
154, 303
493, 403
151, 165
69, 113
80, 234 U17,722
421, 372
Production (computed)
M ft. b. m__
88, 122
-6.1
144, 836
152, 165
542, 347
+7.1
+6.3
529, 409
Shipments (computed)
M ft. b. m__ 112,917 114, 579 117, 193 1 143, 711 153, 926
Stocks, end of mo. (computed) _M ft. b. m.. 1, 127, 426 1, 069, 835 1, 036, 454 11,014,062 993, 518 1, 094, 268 1, 081, 820
-2.0
-8.2
North Carolina pine:
48, 895
54, 222
49, 462
+1.5
47, 712
55, 013
48, 755
193, 340
200, 942
Production (computed)
_M ft. b. m.. 48, 797
-8.8
47, 054
57, 967
51, 191
45, 388
47, 348
47, 838
+7.0
188, 986
204, 050
Shipments (computed)..
_M ft. b. m_. 45, 367
+8.1
Northern pine:
Lumber35, 127
42, 302
141, 031
36, 742
45, 493 +36.0
27, 693
31, 109
Production
M ft. b. in
32, 493
-7.0
149, 606
33, 603
41, 353
144, 290
43, 260
46, 732
28, 115
30, 557
38, 777
+6.6 -11.5
169, 968
Shipments
. ..
_ _ M ft. b. m
41, 874 +31.4
42, 000
32, 393
44, 555
+6.4
25, 550
33, 908
140, 040
New orders
M ft. b m
29, 184
161, 401
Lath6,532
8,791
7,251
7,338
9,866
-2.1
Production
M ft b m
10, 076 +51.0
6,372
36, 395
30, 987
7,875
7,795
9,675
13, 599
9,570 +22.9 +1.1
40, 007
31, 606
Shipments
M ft. b. in
4,668
6,261
Northern hemlock:
5
5
17, 727
21, 854
17, 820
Production . _. _
_.M ft. b. m
16, 291
13, 602
19, 811
50, 661
59, 485
8
14, 474
15, 773
21, 462
1 14, 629
20, 326
44, 226
Shipments
_M ft. b. m._
12, 756
« 51, 709
5
i Revised.
" See table on p. 25 of the April, 1927, issue for earlier data.
Cumulative through Mar. 31.




-7.2
-11.9
-8.8

+22.9

-90.5
-12.7
-12.9
-11.3
-23.6
-14.2

-22.5
+12.2
+6.9
-41.8
-19.9
-14.6
-2.4

+3.9
+8.0
-5.7
-15.1
-13.2
-14.9
-21.0
+17.4
+16.9

35

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 184 of the
February, 1927, "Survey"

1937

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH APRIL 30

PER CENT INCREASE (+) OR
DECREASE (— )

1936

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

3,077
3,143
17, 368
2,922
7,577

-23.3
-11.9
-1.8
-20.3
+13.2

-17.2
-12.7
36 1
+1.9
+8.8

2,781

2,597

-20.0

-12.0 !

2,821
1,388

2,472
1,513

-20.5
-6.3

12 0
+26.8

54, 622
33, 301

47, 226
30, 249

802, 761
200, 180
290, 994

769, 992
221, 397
247, 154

790, 558
224, 164
252, 375

-6.9
-11.4
-4.2

661, 711
159, 759
241, 518

617, 375
142, 647
229, 171

593, 423
168, 507
184, 817

626, 807
175, 405
192, 072

-6.7
-1.5
-10.7 -18.7
-5.1 +19.3

230, 731
79, 605
68, 816

234, 933
81, 904
68, 633

219, 108
72, 069
69, 044

208, 965
68, 952
68, 884

193, 150
61, 955
67, 863

-6.7
-12.0
+0.6

+13.4
+16.3
+1.7

84, 000
94, 000
100, 000

83,000
93,000
94, 000

62, 000
84,000
89, 000

82, 000
86, 000
90, 000

80, 000
85,000
81, 000

-25.3
-9.7
-5.3

-22.5
-1.2
+9.9

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

December

January

2,996
2,502
12, 202
2,543
6, 789

2,417
2,809
11,810
3,621
7, 591

2,606
3,303
11, 103
2,564
7,574

3,319
3,115
11, 291
3,736
7,279

2,547
2,745
11, 093
2,978
8,243

2,874
4,011
17, 473
4,245
7,830

2,462

2,441

2,117

2,858

2,285

2,357
1,907

2,088
2,260

2, 361
1,927

2,738
2,047

2,176
1,918

15, 578
22, 227

38, 053
25, 178

40, 162
28, 472

52, 610
34, 848

921, 875
242, 602
315, 826

898, 606
238, 364
304, 723

862, 624
228, 621
304, 766

862, 428
225, 823
303, 719

718, 373
176, 443
255, 457

698, 475
168, 645
252, 811

663, 146
162, 053
242, 949

234, 651
78, 594
67, 841

232, 338
83, 627
59, 143

82, 000
79, 000
74,000

84, 000
84, 000
90,000

February

March

April

March

April

1926

1927

12, 250
14, 405

10, 889
11,972

-11.1
-16.9

13, 722
30, 594

12, 899
30, 687

-6.0
+0.3

10,013

9,701

-3.1

9,7:9

9,363

-4.1

130, 825
88, 498

-15.5
-11.4

328, 000
348,000
358,000

313, 000
355, 000
373, 000

-4.6
+2.0
+4.2

-11.0 10, 054, 120
674, 370
+8.3

8, 975, 453
674,018

-10.7
-0.1

39, 039

35,828

-8.2

LUMBER PRODUCTS— Continued
Hardwood Lumber
Walnut lumber:
Production
_ _M ft. b. m .
Shipments
M ft. b. m _ _
Stocks, end of month.
_M ft. b. m
New orders*
M ft b m
Unfilled orders, end of month*. M ft. b. m__
Walnut logs:
Purchased
M ft. log measure
Made into lumber and
veneer
M ft log measure
Stocks, end of month... M ft. log measure. .
Northern hardwoods:
Production
M ft. b. m _ _
Shipments
_
M ft. b. m
Total stocksTotal hardwoods
M ft. b. rn..
Gum
M ft. b. m_.
Oak
M ft. b. m._
Unsold stocks —
Total hardwoods
M ft. b. m__
Gum-.
.
. _ . _ M ft. b. m
Oak
M ft. b. m._
Unfilled ordersTotal hardwoods
M ft. b. m._
Gum_. .
_ _ M f t . b. m
Oak
M ft. b. m__
All hardwoods:
Production (computed)
M ft. b. m..
Shipments (computed)
M ft. b. m._
Orders (computed)
__M ft. b. m__

5

|

154,873
5
99, 863

5

5

+1.5
-10.7
+15.3

Total Lumber
Production, 10 species
M ft. b. m__ 2, 108, 796 2, 098, 788 2, 216, 344 ^2,378,995 2, 281, 326 2, 737, 616 2, 591, 512
-4.1
Exports, planks, joists, etc
M ft. b. m._ 166, 080
153, 700
178, 697
153, 607
188, 014
188, 249
173, 675 +22.3
Retail yards, Minneapolis district:
1
Sales
.
M ft. b m
9,824
6,134
6,055
6,061
13, 809
9,943
13, 777 +40.6
Stocks, end of month
M ft. b. m
105, 096
89, 444
100, 202
103, 928
106, 152
106, 752.. 1 109, 235
+1.0
Composite lumber prices:
Hardwoods
dolls, per M ft. b. m_.
41.15
41.11
40.80
41.08
40.65
43.00
-0.4
41.96
Softwoods
dolls, per M ft. b. m._
29. 78
29.74
29.76
30.26
31.44
30. 52 i
31.48
-0.9
Flooring
Maple flooring:
Production
M ft b m
Shipments
M ft. b m
Stocks, end of month
M ft. b. m__
New orders
M ft. b. m__
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 _ _
New orders
M ft. b. m__
Unfilled orders, end of month. .M ft. b. m__

+0.2
-2.8
-3.1
-3.0

11, 750
9,541
35, 483
7,071
7,669

9,842
7,880
29, 034
6,587
6,224

8,888
8,085
29, 710
6,405
6,847

9,589
9,363
30, 367
8,120
9,300

8,141
10,022 |
28,154 I
9,103 |
10,856

9,624
9,221
31, 197
9,224
11, 761

9,339
9,099
30, 733
8,281
9,919

-15.1
+7.0
-7.3
+12.1
+16.7

-12.8
+10.1
-8.4
+9.9
+9.4

35, 730
31, 989

36,460
35,350

+2.0
+10.5

32, 852

30,215

-8.0

37, 489
30, 504
67, 079
34, 595
35, 995

35, 215
31, 929
70, 629
37, 497
41, 061

35, 601
34, 925
70, 090
39, 133
45, 275

39, 917
42, 535
67, 833
44, 609
47, 975

35,697
40,970
62,196 j
45,763 '<
51,623

47, 686
43, 543
57, 291
42, 267
45, 231

48, 642
43, 007
62, 656
40, 223
42, 491

-10.6
-3.7
-8.3
+2.6
+7.6

-26.6
-4.7
-0.7
+13.8
+21.5

186, 039
165, 756

146, 430
150, 359

-22.3
-9.3

150, 347

167, 002

+11.1

48, 563
46, 819

41, 957
73, 694

i 49, 529
65, 131

60, 207
47, 330

46,214 i
36,952 |

57, 364
58, 484

48, 486
49, 344

-23.2
-21.9

-4.7
-25.1

201, 218

197, 907

-1.6

44, 273

32,973

-25.5

41, 452
47, 706

31, 877
40, 836

-23.1
-14.4

Wooden Furniture
Household furniture and case goods:
Shipments
dolls., average per firm
Unfilled orders
dolls., average per firm..
Grand Rapids district:
Shipments
.No. of days' production..
New orders
No. of days' production
Unfilled orders, end of
month
No. of days' production _
Outstanding accounts, end of
month,
No. of days' sales..
Cancellations
per cent of new orders..
Plant operation
per cent of full time..
Piano benches and stools:
New orders (a v. per firm) _ ... _ .dollars
Unfilled orders, end of month
(av. per
firm).__
_
dollars..
Shipments —
Value (av. per
firm)
dollars
Quantity (total)
pieces

28
15

25
46

25
19

27
22

30
25

24 !
20

42

57

49

42

68

55

56
31.0
100.0

52
6.0
98.0

55
14.0
100.0

55
16.0
97.5

52
13.5
100.0

50
23.0
100.0

10, 469

8,427

8,580

7,837

8,129

10, 811

8,784

+3.7

2,600

3,490

2,921

2,286

2,004

3,154

3,149

x-12.3

14,300
17, 763

7,259
9,347

8,255
10, 601

8,428
10, 670

7,935
10, 218

10,916
13, 222

8,782
11, 140

-5.8
-4.2

3,401
4,721

3,301
4,189

5,349

4,278

Plywood and Veneer
Plywood:
New orders
thous. of sq. ft. of surface..
2,913
3,219
3,711
Shipments
thous. of sq. ft. of surface-3,891
3,348
2,991
Unfilled orders, end of
month
thous. of sq. ft. of surface..
3,579
3,591
3,587
Rotary-cut veneer:
Purchases
number of carloads
82
72
59
Receipts
number of carloads..
151
70
116
5
i Revised.
Cumulative through Mar. 31.




i

90
100

-7.5
-36.4

-9.6
-8.3

84
214
-6.7 -33.3
126
708
84 j
-16.0
* See table on p. 22 of the May, 1927, issue for earlier data.

305

-56.9

36
TREND OF BUSINESS MOVEMENTS—Continued
1936

The cumulative* shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 26 to 134 of the
February, 1927, "Survey"

December

January

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

March

April

March

April

Apr.,
1927,
from
Mar.,
1927

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH APRIL 30

Apr.,
1927,
from
Apr.,
1926

1926

1927

LUMBER PRODUCTS— Continued
Barrel Headings
Circled headings for wooden barrels:
Production (rough)
.
Shipments (finished)
New orders (finished)
Unfilled orders, end of month
Stocks on hand, end of month

sets. 724, 085 508, 827 739, 936 965, 163 854, 926
451, 868 332, 551
sets.. 860, 875 617, 160 782, 564 779, 871 596, 346
596, 824 492, 072
sets
630,909 568, 835 523, 066 250, 939 282, 009
308, 803 504, 087
sets.. 1, 374, 498 1, 993, 216 1, 812, 076 1, 072, 794 1, 166, 942
987, 222 1, 237, 374
sets.. 2, 977, 129 2, 924, 016 3, 035, 957 3, 309, 362 3, 278, 677 1, 853, 125 1, 411, 589

-11.4 +157.1
-23.5 +21.2
+12.4 -44.1
+8.8 -5.7
-0.9 +132. 3

3, 068, 852 +127. 5
2, 775, 941 +20.0
1, 624, 849 +46.1

1,348,890
2, 313, 350
1,112,061

STONE, CLAY, AND GLASS
PRODUCTS
Clay Products
Face brick, averages per plant:
610
Production
- ..thousands..
338
Shipments
thousands..
2,241
Stocks, end of month _
-thousands .
Unfilled orders, end of month.. thousands..
673
Common brick:
Stocks, end of monthBurned
thousands.. 453, 452
Unburned _
thousands.. 88, 997
Shipments
thousands.. 149, 315
Unfilled orders, end of month.. thousands.. 311, 979
64
Plants closed down
number..
15.50
Price, red, New York
dolls, per thous...
Paving brick:
13, 815
Production, actual
thousands
10, 681
Shipments .
.
thousands ._
65,800
Stocks, end of month
thousands..
10,003
Orders received
thousands
109
Cancellations
thousands . _
Unfilled orders, end of month.. thousands.. 50, 701
Operations, relation to
86
capacity
per cent
Sand lime brick:
12,049
Production
thousands..
3,825
Shipments by rail
thousands..
7,401
Shipments by trucks
thousands..
11, 583
Stocks, end of month.
thousands..
7,701
Unfilled orders, end of month. .thousands..
Vitreous china plumbing fixtures:
Orders received
pieces.. 167, 752
Shipments
- pieces _ 206, 199
Unfilled orders, end of month
pieces.. 578, 251
570,069
Stocks, end of month
.pieces
Floor and wall tile:
5,311
Production
thous. of sq. ft..
4,935
Shipments, quantity
thous. of sq. ft__
1,877
Shipments, value
. thous. of dolls .
8,776
Stocks, end of month
thous. of sq. ft..
Architectural terra cotta, new orders:
10, 414
Quantity
net tons..
1,155
Value
.
thous. of dolls. .
Portland Cement
10, 744
Production..
..thous. of bbls..
6,432
Shipments
thous. of bbls..
20, 616
Stocks end of month
thous of bbls
Wholesale price:
1.65
Chicago district
dolls, per bbl
1.65
Lehigh Valley
dolls per bbl
Highways
Concrete pavements, new contracts:
6,797
Total
thous. of sq. yds..
3,518
Roads__
.thous. of sq. yds_.
Federal-aid highways:
Completed—
Cost
thous. of dolls.. 26,298
951
Distance
miles
Under construction, end of month.. miles.. 10, 047
Plate Glass
7,344
Production, polished.
thous. of sq. ft..
Glass Containers
Actual production:
2,045
Quantity
gross..
69.0
Relation to capacity
per cent
2,414
New orders
gross..
1,592
Shipments
gross..
9,453
Unfilled orders end of month
pross
6,315
Stocks, end of month
gross
Illuminating Glassware
Production:
3,879
Total
number of turns..
Ratio to capacity
per ct. of capacity..
50.0
40.2
New orders
per ct. of capacitv
47.2
Shipments
per ct. of capacity
Unfilled orders, end
1.0
of month
number of weeks ' supply .
3.7
Stocks, end mo
number of weeks' SUDD!V
'Revised.




489
282
2,409
727

560
421
2,767
871

852
687
2,939
1,007

462, 565
58, 331
93,806
324, 837
68
17.00

487, 217
62, 455
115, 013
335, 223
78
17.00

11, 665
7,142
64,893
11,964
188
55, 869

729
774
2,614
1,074

648
628
2,443
1,032

752
798
2,337
1,334

427, 484
69, 160
184, 206
369, 857
54
17.00

16.50

339 392
69^ 597
150, 485
280, 612
17
17.00

265, 093
61, 934
146, 431
277, 412
6
17.00

-2.9

-2.9

12, 902
5,501
71,640
4,639
55
55,982

23, 132
7,787
84, 316
15, 063
985
57, 550

22, 973
13, 864
91, 670
20, 095
327
67, 823

22,642
10, 996
123, 997
21, 805
18
63, 364

22, 496
16, 491
128, 137
18, 358
749
64,081

-0.7
+78.0
+8.7
+33.4
-66.8
+17.9

+2.1
-15.9
-28.5
+9.5
-56.3
+5.8

65

57

57

+62.5

+110

212, 798
219, 177
344, 712
617, 328

243, 499
268, 792
504, 803
472, 199

189, 391
221, 168
473, 026
508, 692

-2.0
-9.9
-1.8
+3.3

+12.4
-0.9
-27.1
+21.4

5,524
4,867
1,817
8,422

5,242
5,084
1,832
8,224

2,460
2,150

2,630
2,164

« 370, 039

-14.4
+12.7
-11.1
+6.7

« 393, 025

-3.1
-3.0
+11.9
-19.5

+6.9
+0.7

+6.2
1!

20

22

40

8,307
3,939
5,438
17, 032
17, 908

9,679
5,843
6,792
13,866
18, 580
144, 860
265, 390
377, 170
545, 769

217,059
243, 138
351,090
597, 823

5,514
4,331
1,648
10, 010

5,129
4,351
1,658
11,032

5,467
5,188
1,963
11, 283

9,851
1,138

7,948
882

l 12, 343
i 1, 350

14, 633
1,513

15,617
2,046

18, 924
2,322

+18.6
+12.1

-22.7
-34.8

8,258
5,968
22,914

7,377
6,731
23, 560

11,452
11,083
i 23, 922

14,048
14, 350
23, 620

10, 390
9,539
23,236

12,440
12, 965
22, 710

+22.7
+29.5
-1.3

+12.9
+10.7
+4.0

1.64
1.63

1.60
1.55

1.60
1.55

1.60
1.55

1.65
1.75

1.65
1.75

0.0
0.0

4,391
2,336

9,300
5,135

15, 482
10, 264

7,938
4,663

13, 563
8,758

+66.5
+99.9

8,115
508
9,839

5,385
491
9,599

10, 119
435
9,632

6,170
265
9,821

8,535
430
10,690

9,981
495
10, 851

8,484

9,790

11,641

10,299

11,617

2, 032
71.3
2,725
1,803
10, 274
6,541

1,942
70.8
2,853
1,867
11,219
6,646

2,234
72.3
2,390
2,368
11,137
6,488

2,205
74.1
2,004
2,346
10, 658
6,341

2,948
35.6
35.5
40.5

2,620
37.2
48.2
40.7

3,023
39.0
39.0
41.0

3,030
39.8
39.6
38.8

0.6
3.7

1.1
3.6

1.0
3.5

1.0
3.7

-16.5
-28.0

64,601

51, 761

-19.9

765, 486
935,484
948, 391 1,007,004

-18.2
+6.2

-3.0
-11.4

4,236
2,656

70, 672
34, 294

16, 748
7,707
10, 811
13, 802
25,415

190, 769
279, 299
497, 700
559, 259

84, 637
47, 620

8
8

8

16, 110
« 13, 870
« 5, 269

+5.3
+4.1
+5.4

58, 625
7,415

44, 775
4,883

-23.6
-34.1

38, 448
41, 135

33, 998
38, 132

-11.6
-7.3

+14.1
+17.2

30, 142
18, 309

33, 409
20, 391

+10.8
+11.4

-39.0
-39.1
+2.0

-38.2
-46.5
-9.5

42,463
1,803
43, 182

29, 789
1,699
38, 891

-29.8
-5.8
-9.9

10, 726

-11.5

-4.0

43, 616

40,214

-7.8

1,977
68.3
2,290
2,056
10, 116
5,915

2,051
74.2
1,663
2,179
9,522
5,781

-1.3
+2.5
-16.2
-0.9
-4.3
-2.3

+7.5
-0.1
+20.5
+7.7
+11.9
+9.7

7,867

8,413

+6.9

8,923
7,683

9,972
8,384

+11.8
+9.1

3,517
43.9
45.3
42.9

3,575
47.1
42.4
43.9

+0.2
+2.1
+1.5
-5.4

-15.2
-15.5
-6.6
-11.6

13, 063

11,621

-11.0

1.0
1.1
0.0
6.4
6.3
+5.7
^Cumulative through Mar. 31.

0.0
-41.3

15, 310
13, 321
5, 001

8

i

jj

37

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 134 of the
February, 1927, "Survey"

December

1927

January

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

March

April

March

April

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

1926

1927

Per ct.
increase
or decrease

cumulative
1927
from
1926

CHEMICALS AND OILS
Chemicals
Sulphuric acid:
Exports
.
thous. oflbs
639
519
867
420
Price wholesale, 66°, N. Y.dolls. per 100 Ibs. _
.75
.75
.75
.75
Nitrate of soda:
Imports...
long tons
63, 660
47, 240
33, 578
94, 151
Production in Chile—
Quantity
metric tons.. 86, 731
79, 151
74, 253
90,479
Units reporting
number of plants. _
25
30
28
28
Potash, imports.long tons
18,394
29, 347
30, 189
19, 308
Sulphur: *
8
3
Production (quarterly)
long tons. _ 511, 287
565, 760
Acid phosphate:
Production
short tons . 309, 033 289, 095 i 276, 221 227, 590
Stocks, end of month
short tons.. 2, 191, 725 2,302,048 12,179,513 1, 624, 838
Shipments
short tons..
16, 957
85,423 211, 082
Fertilizer:
Exports
_
long tons
70, 466
67, 678
111, 190 109, 580
Consumption in Southern
States _ _
short tons
103, 048 526, 471 836, 910 1,498,707
Dyes and dyestuffs, exports:
Vegetable
thous of Ibs
177
227
253
388
Coal-tar
thous. oflbs..
2,104
1,865
2,951
3,595
Price index numbers:
Crude drugs _ _
index number. .
203
203
204
206
126
Essential oils _
index number. .
135
125
126
Drugs and pharmaceuticals-index number. .
155
156
155
155
Chemicals
index number..
114
114
113
113
Oils and fats
index number..
129
128
134
137

1,024
.75

1,029 +143.8
.70
0.0

1,325
.70

97,480

171, 929

124, 370

15, 911

228,000
79
38, 856

216, 362
75
24, 827

-0.5
+7.1

+3.5

-21.6

2, 831

-29.5
-51.6

-35.9

269, 120
« 243, 883

63,683

83,802

+31.6

«1,000,262

-17.6

556,280
« 683, 000

« 792, 906

-20.7

-64.3

+10.7 +46.3

i 386, 839
i 326, 344 298, 227
11,545,530 1, 081, 293
193,613

-

--

106, 850

110, 588

+17.4

870, 224 1, 740, 493

673,483

-41.9 +29.2
-22.7 +81.8
-65.9 -26. 4

128, 689

4,018

300
1,227

228
2,925

165
1,666

207
123
156
113
132

205
192
156
112
152

204
179
156
113
149

+0.5
-2.4
+0.6
0.0
-1.5

+16.4

"»~3l3~462~ "«~256,~7l8~ ~-I§~I
370, 924

417, 137

4, 407, 841 3, 732, 312

+12.5
-15.3

734
7,754

1,168
9,637

+59.1
+24.3

+1.5
-31.3
0.0
0.0
-11.4

Wood Chemicals
Acetate of lime:*
ProductionUnited States
thous. of Ibs
Canada
thous. of lbs._
ShipmentsUnited States
thous. oflbs..
Canada
..
. ..thous. of Ibs
Stocks, end of month—
United States
thous. oflbs
Canada
thous. oflbs..
Exports
_
thous. oflbs..
Price, wholesale
dolls, per cwt._
Methanol, crude: *
Production—
United States
gallons..
Canada
gallons. _
Stocks at crude plants, end of monthUnited States _ _
gallons..
Canada
_
gallons..
Stocks at refineries and in transit—
United States ._
gallons..
Canada
gallons
Exports
..gallons..
Price, wholesale, N. Y
dolls, per gal_.
Wood:
ConsumptionUnited States
._
cords..
Canada
cords
Stocks, end of monthUnited States.
.
cords
Canada
cords
Methanol, refined:
ProductionUnited States __
gallons. .
Canada
gallons..
Stocks, end of monthUnited States
gallons-Canada
gallons..

13,468
1,084

14, 181
1,200

12,667
1,046

14,223
1,007

13, 139
932

14,314
838

14, 226
648

-7.6 -7.6
-7.4 +43.8

55, 870
3,660

54, 210
4,185

-3.0
+14.3

14, 187
1,376

10, 067
509

10, 184
171

14, 002
785

13,560
428

9,954
748

11,903
732

-3.2 +13.9
-45.5 -41.5

43, 721
2, 580

47, 813
1,893

+9.4
-26.6

16,421
1,440
675
3.50

19, 910
2,187 „
1,630
3.50

22,422
2,988
500
3.50

22,620
3,057
1,579
3.50

22, 207
3,454
974
3.50

25, 991
1,934
2,251
3.25

28,523
1,804
503
3.25

-1.8 -22.1
+13.0 +91.5
-38.3 -93.6
0.0 +7.7

4,655

4,683

+0.6

738, 958
36, 038

764, 670
30, 017

-8.9 -19.3
-8.9 +30.0

2, 939, 627
154, 677

2, 679, 488
177, 865

-8.8
+15.0

733, 678
45, 946

755, 473
49,885

630, 583
46, 141

676, 694
42, 823

616, 738
39, 016

278,219
35, 585

397, 999
48, 446

340, 847
45, 984

420, 930
40, 335

325, 888 1, 280, 625 1, 474, 624
41, 210
41, 468
46,343

207, 682
15, 369
8,704
.81

341, 444
15, 913
11, 012
.83

613, 939
19, 657
16, 226
.83

645, 852
22, 574
20, 584
.83

819, 216
12,949
41, 254
.83

750,480
33, 089
62, 139
.57

70, 653
9,334

80, 233
6,096

68, 972
15,306

i 75, 755
i 5, 300

69, 895
4,790

78, 264
4,522

502,482
37, 569

492, 811
33, 272

453, 040 i 462, 620
i 30, 939 i 33, 526

504, 575
31, 113

531, 764
32, 645

488, 037
35, 290

311, 583
37, 070

575, 978
39, 925

284, 754
49, 492

436, 656
58, 596

426, 736
64, 713

597, 379
67, 938

15, 622
18, 108
6,868

13,235
8,907
3,563

10, 324
9,152
9,842

36, 143
34, 317
33,159
17, 145

33,846
33, 726
33, 616
17,303

35,383
33, 578
31, 102
19, 145

32, 190
31, 890
31, 517
19, 518

31, 962
33, 132
31,415
18,043

5,138

10, 132

30, 989

-22.6
+2.8

-77.9
+0.6

850, 999 +26.8
22, 451 -42.6
26, 794 +100. 4
.55
0.0

-3.7
-42.3
+54.0
+50.9

297, 457

89, 076

-70.1

79, 751
3,650

-7.7
-9.6

-12.4
+31.2

306, 822
19, 718

294, 855
21, 492

-3.9
+9.0

519, 662
55, 893

503, 013
52, 023

+9.1
-7.2

+0.3
-40.2

425, 510
39, 910

607, 586
29, 140

577, 885
26, 995

2, 360, 177
125, 750

1, 801, 108
152, 195

-23.7
+21.0

606, 975
73, 706

655, 382
72, 629

723, 426
75, 276

13, 153
9,501
i 7, 682

12, 756
10, 298
8,804

36, 238
36, 469
34, 266
17,349

34, 186
34, 284
33, 528
17,331

133, 381
132, 326
127, 650

-0.5
-0.7
+0.6

-26.1 -26.4
0.0 +47.8

+1.6
+8.5

-16.1
-2.1

-0.7
+3.9
-0.3
-7.6

-6.5
-3.4
-6.3
+4.1

134, 098
133, 198
126, 846

11,291 +206. 9 +174. 5

25,983

Ethyl Alcohol
Production
thous. of gals
Withdrawn for denaturation
thous. of gals..
Warehouse stocks, end of month thous. of gals
Explosives
(Black powder, permissibles, and other high
explosives)
Production
- . thous. oflbs
Shipments
thous of Ibs
New orders
thous. oflbs..
Stocks, end of month
thous of Ibs

x

Naval Stores
Turpentine (gum):
Net receipts, southern ports
barrels. .
Stocks, end of month—
At three ports
_
barrels..
At five ports
barrels..
At stills
barrels..
1 Revised.
2
Quarter ending Dec.31,1926.




29, 143
58, 321
63, 835
13. 228

7,386
48,993
63, 098
8.794
3 Quarter
4
Quarter

40, 047
24, 668
31, 802
21,871
33, 241
42,806
5.035
3.188
7.432
ending Mar. 31, 1927.
ending Mar. 31, 1926.

3,499

24, 619 +28.9 +29.2
26,866
27, 414 +52.0 +21.3
30, 470
4.821 +133. 1 +54.2
6.064
«Cumulative through Mar. 31.
* See table on p. 26 of the April, 1927, issue.

53, 645 +106. 5

38
TREND OF BUSINESS MOVEMENTS—Continued
.1927

1926
The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 26 to 134 of the
February, 1927, "Survey"

December

January

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

April

March

March

April

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

-9.5

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

-30.9

1926

1927

128, 387

199, 700

+55.5

CHEMICALS AND OILS— Continued
Naval Stores— Continued
Turpentine— Continued.
Price, southern, in barrels,
New York
dolls, per gal..
Rosin (gum):
Net receipts, southern ports
barrels. _
Stocks, end of month—
At three ports
. _ .barrels
At five ports
barrels
At stills
.barrels .
Price, common to good (B),
New York
dolls, per bbl._
Rosin (wood) :
Production
barrels
Stocks, end of month
- _ _ barrels .
Turpentine (wood):
Production
.
- barrels ._
Stocks, end of month
barrels
Pine oil:
Production
barrels
Stocks, end of month .
barrels .

.83
39, 136

208, 789
229, 189
92, 860

160, 120
179, 943
84, 261

.75

27,214 ,
147,635
166, 323
74, 774

.74

.67

1.00

36, 322

97,028

20, 196

81, 013
77, 848
58, 431

107, 562
123, 412
58, 910

117, 182
137, 263
58, 846

.97

40, 643 +167. 1 +138. 7
94, 035
107, 961
40, 813

+32.8
+58.5
+0.8

+14.4
+14.3
+44.3

-13.6

+8.9

12.24

12.38

11.71

11.23

9.70

11.10

8.91

32, 864
27, 736

35, 168
33, 513

32, 043
45, 124

35, 313
i 53, 866

34, 598
58, 652

24, 145
21, 699

22, 920
27, 963

-2.0 +51.0
+8.9 +109. 7

86, 480

137, 122

+58. 6

6,499
4,911

7,053
5,531

6,587
7,314

7,253
i 6, 953

7,035
7,473

4,934
2,706

4,595
2,785

-3.0 +53.1
+7.5 +168. 3

17, 821

27, 928

+56.7

220, 827
254, 259

241, 563
305, 151

245, 232
207, 197
313, 457 i 345, 842

239, 027
355, 790

173, 465
598, 459

158, 149
565, 416

-2.5
+2.9

+51.1
-37.1

591, 996

933, 019

+57.6

17, 857
3,545

19, 266
3,628

19, 669
4,045

25, 209
3,417

27, 638
3,089

25, 061
5,943

21, 545
5,186

+9.6
-9.6

+28.3
-40.4

82, 630

91, 782

+11.1

2,115

1,405

1,691

2,891

3,183

2,752

2,700

+10.1

+17.9

9,204

9,170

-0.4

thous. of Ibs
thous. of Ibs
short tons

6,862
47, 533
20, 015

6,967
51, 953
19, 681

8,435
38, 212
12, 520

6,950
48, 137
14, 747

6, 050
72, 305
19, 107

4,631
45, 890
19, 564

4,659
58, 934
19, 038

-12.9
+50.2
+29.6

+29.9
+22.8
+0.4

23, 833
220, 228
65, 702

28, 402
210, 607
66, 055

+19.2
-4.4
+0.5

thous. of Ibs

25, 400

31, 588

16, 153

16, 130

35, 149

11, 703

20, 484 +117. 9

+71.6

75, 208

99, 020

+31.7

thous. of Ibs

10, 611

9, 837

9,679

11, 169

8,925

7,996

8 26, 384

5 30, 685

+16.3

thous. of Ibs
thous of Ibs

24, 798
24, 530

22, 748
21, 859

22, 345
20, 356

25, 484
27, 234

23,267

22, 413
21, 268

19, 793
20, 445

s 65, 719
84, 695

5 70, 577
92, 716

+7.4
+9.5

486, 190
691, 327
818, 528

356, 927
611, 627
562, 882

94, 597
346, 902
310, 577

183, 225
516, 596
410, 875

63, 319
314, 967
152, 525

-73.5 +49.4
-43.3 +10.1
-44.8 +103. 6

1, 027, 330
2, 284, 383

1, 545, 904
2, 520, 312

+50.5
+10.3

204, 058
155, 680

186, 354
140, 309

105, 148
122, 279

152, 475
88, 272

97, 313
57, 000

-43.6
+8.1
-12.9 +114. 5

667, 837

751, 590

+12.5

201, 767
460, 722

170, 684
502, 593

111,115
531, 394

156, 463
301, 333

92, 415
294, 544

-34.9
+5.7

+20.2
+80.4

589, 568

689, 315

+16.9

.09

-10.0

-25.0
5 7, 459

« 6, 506

-12.8

-40.1
+1.4
-63.8

+7.9
-40.7
-24.3

1, 075, 220

1, 136, 826

+5.7

121, 731

175, 370

+44.1

-34.8 -29.1
-17.1 + 7.1
-8.1 +59.4
-1.3
+59.1

1,899
1, 342

2,250

+18.5
+25.6

Roofing
Roofing felt:
Production, dry felt
tons
Stocks end of month dry felt
tons
Prepared roofing:
Shipments
thous. of roof squares
Fats and Oils
Total vegetable oils and copra:
Exports
Imports
Copra, imports Copra or cocanut oil:
Imports
Consumption in oleomargarine
Oleomargarine:
Production
Consumption

.86

122, 847

Cottonseed
Cottonseed:
834, 925 608, 190
Receipts at mills
short tons
Consumption (crush) _
short tons
932, 726 871, 456
Stocks at mills, end of month short tons 1, 291, 912 1, 029, 646
Cottonseed oil, crude:
256, 030
275, 127
Production
thous. of Ibs
172, 358
155, 455
Stocks, end of month
thous. of Ibs
Cottonseed oil, refined:
205, 749
Production
thous. of Ibs. _ 229, 142
Stocks end of month
thous of Ibs
332, 344 397, 432
Price, yellow, prime,
.09
New York
dolls per Ib
.08
Consumption in oleomar2,013
garine
thous of Ibs
2,008
Cottonseed cake and meal:
386, 182
Production
short tons
416, 246
147, 250
Stocks end of month
short tons
166, 535
81, 099
93, 198
Exports
short tons
Flaxseed
Minneapolis and Duluth:
Receipts
thous. of bushs
Shipments.- . . -thous. of bushs
Stocks end of month
thous of bushs
Imports
thous. of bushs
Linseed oil:
Shipments from Minneapolis.thous. of lbs_.
Price New York
dolls per Ib
Linseed cake and meal:
Shipments from Minneapolis.thous. of lbs__
Exports
thous. of lbs._

.09

163, 768
181, 938
8,636

247, 098
344, 618
16, 362

151, 709
306, 754
11, 415

374
330
1,860
2,063

533
292
1,370
2,813

474
308
1,167
1,297

.106

11, 141
.107

11, 061
.108

+34. 2

64, 896

273, 352
179, 376
23, 860

.12

1,402
1,405
2,694
1,190

787
540
2,372
2,237

515
418
2,073
1,327

574
398
2, 023
2,091

8,756
.107

9,660
.105

8,301
.104

10, 626
.79

22, 581
48, 868

20, 682
61, 103

18, 488
54, 322

12, 732
64, 866

10, 464
46, 749

8, 902
49, 518

0.0

30, 780
91, 348
14, Oil
10, 290

-21.3
-24.0
-13.2
+45.0

+13.8

1,898

2,487

313, 524
153, 639
61, 775

.11

2,347

.10

2,006

-14.6




+7.3

7, 191

7,718

6 34, 087

5 28, 587

-16.1

r"
557,375
+31.1 I 229, 334

6 51, 902
245, 187

-9.5
+6.9

-1.9

FOODSTUFFS
Wheat
Visible supply, end of month:
68, 125
United States
thous of bushs
117, 796
Canada
thous. of bushs
22, 405
Receipts, principal markets ._ .thous. of bushs..
Shipments, principal markets.thous. of bushs__
17, 376
Exports:
United StatesWheat only
thous. of bushs
9,536
14, 793
Including wheat flour.thous. of bushs..
Canada44, 879
Wheat only. _ _ . thous. of bushs
Including wheat fiour.thous. of bushs..
48, 862
Prices:
1.44
No. 1, northern, Chicago. .dolls, per bush..
1.40
No. 2. red winter, Chicaso.dolls. Der bush__
1
Revised.

1,686

i

1
59, 731
116, 613
24, 595
13, 757

58, 454
115, 350
20, 952
10, 413

51, 404
109, 392
16, 605
12, 164

40, 455
83, 121
14, 420
17, 636

35, 433
101, 279
15, 101
11, 465

8,078
12, 619

4,889
8,822

5,084
8,987

11, 263
15, 836

3,773
6,900

12, 571
16, 054

11, 422
14, 788

16, 395
21, 026

20, 182

14, 734
20, 593

1. 45
1.37

1.40
1.37

1.37
1.34

+31.4
-9.0
+2.9
+71.4

66, 940
43, 987

76, 572
53, 970

2,533 +121. 5 +344. 7
6,285 +76.2 +152. 0

10, 417
23, 250

29, 314 +181. 4
46, 264 +99.0

5,526
8,594

+23.1 +265. 2

1.34
1.67
1.63
-2.2
1.34
1.68
1.69
0.0
5
Cumulative through Mar. 31.

-19.8
-20.7

L

47, 533
6 54, 879

-_

60, 570
5 52, 468

+14.4
+22.7

+27.4
-4.4

39
TREND OF BUSINESS MOVEMENTS—Continued
j

1926

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 26 to 134 of the
February, 1927, "Survey"

December

1927

January

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

March

April

March

April

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

1926

1927

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

FOODSTUFFS— Continued
Wheat Flour
Grindings of wheat:
United States (census)
thous of bushs
40, 624
Canada
thous. of bushs
7,777
Production:
United States, actual
(census)
thous of bushs
8,909
United States, prorated
(Russell)
__ thous. of bbls
10, 537
Canada
thous. of bbls
1,715
Production, grain offal
thous. of Ibs i 695, 130
Capacity operated, flour mills
per cent
53
Consumption, wholesale
(computed)
thous. of bbls.. 10, 629
Stocks, all positions, end of
month (computed)
thous of bbls
6,700
Stocks (end of mo.) held by
mills (quarterly)
thous of bbls
2 4, 336
Exports:
United States
_
thous. of bbls_.
1,208
Canada..
, -thous. of bbls__
885
Wholesale prices:
Standard patents, Minneapolis
dolls per bbl
7.63
Winter straights, Kansas
City
dolls per bbl
6.60

40, 557
6,643

38, 027
7,249

35,234
6,367

8 112, 958
8 20, 062

« 116, 480
8 19, 077

8,023

8,875

8,289

7,589

8 24, 397

8,996
1,231
624, 025
53

10, 396
1,455
695, 414
50

9,901
1,609
685, 314
47

8,817
1,416
633, 082
45

7,867

8,572

10, 074

9,707

7,584

7,500

7,080

6,500

6,100

+3.1
-4.9

6,500

39, 354
6,819

36, 569
5,615

8,624
9,676
1,496
676, 292
53

4

3 4, 127

3 888

-4.8

867
1,029

1,016

695
1,302

834
682

+17.2

+21.8

7.46

7.42

7.33

7.25

8.81

8.76

-1.1

6.54

6.58

6.58

7.88

7.51

0.0

2,017
40, 616
27, 638
10, 638
6,095

2,023
47, 792
24, 667
8,500
5,855

2,180
50, 079
19, 310
10, 111
6,491

1,548
39, 130
10, 451
12, 326
6,316

2,270
39, 057
19, 994
9,566
7,431

2,210
34, 937
13, 166
9,927
5,611

-29.0
-21.9
-45.9
+21.9
-2.7

.77

.76

.73

.74

.74

.73

+1.4

14, 377
46, 890
614

10, 053
44, 625
321

10, 272
38, 155
395

9,127
30, 298
1,095

11, 622
54, 237
810

13, 762 -11.1
48, 704 -20.6
3,043 +177. 2

-33.7
-37.8
-64.0

.50
927

.50
791

.48
693

.49
734

.48

.41
904

.42
764

11, 329

8,890

7,711

8,603

11, 205

9,523

3,027
4,492
1,363

2,663
4,180
1,006

2,347
3,790
1,257

2,254
3,002
2,121

2,210
1,619
1,151

2,958
5,220
436

2,528
4,436
734

-2.0
-46.1
-45.7

-12.6
-63.5
+56.7

.74

.74

.78

.78

.83

.66

.69

+6.4

+20.3

1,453
12, 343
613
.97

1, 281
12, 591
804
1.02

2, 156
13, 655
591
1.05

1,485
14, 048
786
1.00

1,449
6,249
4,500
1.03

1,032
13, 079
369
.84

19, 787

17, 060

13, 014

14, 469

24, 130

10, 785

13, 696

210, 515

+32.0
-10.8

+1.4

10, 188
46, 341
808

3,766
8 2, 551

-30.0
+12. 0
-20.6
+24.2
+12.6

.76

2,852
« 2, 861

-12.4

2,030
36, 412
22,339
8,652
5,100

-4.8

-17.2

6.55

8 26, 513

+6.1

874
748

+4.6
+11.5
-6.5
-2.1

8 27, 855

1,009
774

8 25, 522

5 29, 068
5 26, 069
5 4, 182
8 4, 471
52,039,152 «1,995,731

Corn
Exports, including meal
thous. of bushs
Visible supply, end month
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

12, 221

7,768

-37.3

89, 607
39, 667
26, 942

82, 066
41, 575
24, 757

-8.4
+4.8
-8.1

51, 460

43, 829

-14.8

6,173

2,425

-60.7

Oats

Receipts, principal
markets
_ _
thous. of bushs
Visible supply, end month
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 Ibs
Other Grains
Barley:
Receipts, principal
markets
thous of bush
Visible supply, end mo
thous. of bush..
Exports
thous of bush
Price fair to good, malting,
Chicago
dolls per bush
Rye:
Receipts, principal
markets
thous. of bush
Exports, including flour thous. of bush_.
Price No 2 Chicago
dolls per bush

-2.0

+14.3

5 2, 794

8 2, 218

-20.6

8 37, 097

825,204

—32.1

11, 108

9,474

-14.7

2,264

5,535 +144. 5

1,301
-2.4 +11.4
13, 271 -55.5 -52.9
1,424 +472. 5 +216. 0
+3.0 +15.7
.89

4,935

6,371

2,176

6,681 +208. 3

+76.4

46, 084

+29.1

Total Grains
Total grain exports, incl. flour.. thous. of bush..

68, 673

+49.0

194, 321

5 1,707, 664 s 2,087, 461

+22.2

498, 419 471, 143
122, 908
176, 229
130, 146
1, 824, 807 1, 556, 393
65, 490
35, 926
455, 159
190, 036
156, 964
99, 637

s 2,018, 597 5 2,732, 455
755, 799
595, 900
+5.9

+35.4
+26.8

+66.8

Rice
Southern paddy, receipts at mills
bbls_. 1, 025, 131 817, 939 648, 369 621, 153
Shipments:
895, 206 1, 120, 252 877, 798 734, 404
Total from mills
pockets (100 Ibs )
177, 220
199, 258
249, 175
209, 306
New Orleans .
pockets (100 Ibs.)
Stocks end of month
pockets (100 Ibs ) 2, 362, 088 2, 095, 911 1, 957, 608 1, 867, 788
395, 119 368, 895 508, 885 442, 528
Exports
pockets (100 Ibs )
70, 562
60, 538
56, 818
37, 076
Imports
pockets (100 Ibs )
Other Crops
Apples:
Cold-storage holdings,
end of month
thous of bbls
Car-lot shipment
carloads
Potatoes, car-lot shipments
carloads
Onions, car -lot shipments
carloads
Citrus fruits, car-lot shipments
carloads ._
Hay, receipts
tons._

9,356
8,090
13, 252
2,491
12, 581
68, 273

7,335
7,827
17, 408
2,797
11, 725
78,088

5,114
7,883
17, 314
2,018
10, 855
56, 938

i 3, 141
5,276
21, 005
1,738
12, 946
63, 971

1,596
3,630
19, 497
2,968
12, 911
52, 716

3,314
6,084
19, 577
1,806
11, 559
73, 286

1,691
3,990
13, 718
1,924
10, 894
66, 037

1,811
572
184
1, 221

1,711
603
202
1,113

-34.7

+2.9
+64.6

-36.5

205, 403
650, 040

-49.2
-31.2
-7.2
+70.8
-0.3
-17.6

-5.6
-9.0
+42.1
+54.3
+18.5
-20.2

1, 775, 467 +764. 4
287, 555 -55.8

22, 774
63, 665
8,502
40, 555
310, 460

24, 616
75, 224
9,521
48, 437
251, 713

+8.1
+18.2
+12.0
+19.4
-18.9

6,804
2,403
784
4,348

-1.6
+0.9
-0.5
-3.2

Cattle and Calves
Cattle movement, primary markets:
1,846
Receipts
thousands
739
Shipments, total
thousands. 301
Shipments, stocker and feeder --thousands-Local slaughter
_ thousands- _
1,136
1
Revised.
3
Quarter ending Dec. 31, 1926.




1,832
657
205
1,136

1,743
1,555
537
607
175
200
1,012
1,134
3 Quarter ending Mar.
4
Quarter ending Mar.

1,674
602
204
1,066 1
31, 1927.
31,1926.

-2.2
-4.0
-0.2
-0.8
+2.0 +1.0
-4.2
-6.0
• Cumulative through

6,913
2,382
788
4,491
Mar. 31.

40

TREND OF BUSINESS MOVEMENTS—Continued
Perct.
1927

1926

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 26 to 134 of the
February, 1927, "Survey"

December

PER CENT INCREASE (+) OR
DECREASE (— )

1926

January

February

March

443, 931

401, 482

436, 570

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

April

March

April

%&:

from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

1926

421,666

-6.3
-5.3
-6.6

1, 753, 938
1, 776, 901

1927

in-

crease
(
ort>
decrease
(-)
cumulative
1927
from
1926

FOODSTUFFS-Continued
Cattle and Calves— Continued
Beef products:
Inspected slaughter product-thous. of lbs._
Apparent consumption
thous. of lbs__
Exports
thous of Ibs
Cold-storage holdings,
end of month
thous. of lbs_.
Prices, Chicago:
Cattle, corn-fed
dolls, per 100 Ibs. _
Beef, fresh native steers
dolls, per Ib..
Beef, steer rounds, No. 2
dolls, per lb_.

494, 665

479,484
1,697

448,628
1,975

407,852 i 446, 970
2,025
1,748

436, 154

2,037

450, 058
456, 197
1,913

450, 142
460, 438
2,180

-3.4
-2.4
+0.5

1, 703, 649

7,930

1,739,604
7,785

-2.9
-2.1
-1.8

14, 456
5,311
379
9,136

+.5
-5.5
+62.7
+4.2

2,690,408
1,997,999 2,023,716
445,891
327, 634

+2.3
+1.3
-26.5

100, 873

95, 254

88, 020

i 77, 159

62, 957

70, 781

59, 978

-18.4

+5.0

9.72
.170
.141

10.30
.170
.145

11.06
.170
.150

11.92
.170
.158

12.28
.170
.176

9.69
.160
.150

9.13
.160
.152

+3.0
0.0
+11.4

+34.5
+6.2
+15.8

3,910
1,476
105
2,441

4,252

3,308

3,754

1,315
94

1,368
102

3,142
1,101
84

3,579

1,527
99

2,386

2,050

1,428
56
2,144

3,135
1,264
54
1,871

-16.3
-19.5
-17.6
-14.1

+.2
-12.9
+55.6
+9.6

14, 390
5,618
233
8,771

722, 806
544, 773
91, 347

783, 756
564, 328
85, 134

608, 455
695, 176
446, 125 i 539, 757
74, 150
76, 508

603,019

649, 871
511, 952
104, 679

572, 037
489, 416
100, 619

-13.3
-12. 3
+20.0

+6.4
-3.3
-8.7

2, 629, 745

473, 506
91, 842

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 consumption
thous. of Ibs. .
Exports
thous. of Ibs
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 Ibs..
Exports
thous. of Ibs
Cold-storage holdings,
end of month
thous. of Ibs..
Prices:
Hogs, heavy, Chicago dolls, per lOOlbs..
Hams, smoked, Chicago
dolls, perlb..
Lard, prime contract, N. Y.._dolls. per lb._

2,694

2,006

522, 749

658, 647

748,777 1830,515

869, 570

719, 702

702, 163

+4,7

+23.8

472, 757

589, 071

671, 674

i 738, 446

769, 361

626, 594

603, 798

+4.2

+27.4

129, 614
62, 690

148, 790
59, 842

120,492
49,884

129, 334
53, 040

126, 104
67, 345

138, 567
64, 259

126, 385
63, 160

-2.5
+27.0

-.2
+6.6

49,992

69, 576

77, 103

i 92, 069

100,209

93, 108

98, 365

+8.8

+1.9

11.77
.280
.128

11.97
.269
.129

11. 64
.273
.128

11.01
.270
.130

10.51
.268
.128

11.49
.295
.150

11.74
.301
.145

-4.5
-.7
-1.5

-10.5
-11.0
-11.7

1,740
819
207
921

1,496
669
136
829

1,558
719
140
843

1,486
690
118
800

1,695
695
83
1,001

1,502
698
124
801

-4.7
-4.0
-15.7
-5.1

44, 161

44,292

40,510
40,943

41, 544
i 42, 737

37, 545
38, 644

47, 611
47, 676

40, 318
41, 247

4,447

4,074

i 2, 940

1,859

3,289

6.41
12.47

7.78
13.24

8.00
15.06

7.78
15.81

7.70
12.73

61, 791

59, 230

60, 951

58, 411

52,399

554, 171
269, 445

524, 720
230, 111

-5.3
-14.6

-1.1
-1.1
-4.8
-.1

6,231

6,280
2,897

601

3,393

+.8
+7.2
+28.1
-3.6

-9.4
-9.6

-6.9
-6.3

171, 556
171, 465

163, 760
166, 616

-4.5
-2.8

2,393

-36.8

-22.3

8.53
13.53

-2.7
-5.0

-8.8
+16.9

48, 174

-4.2

+21.2

Production, inspected slaughter. .thous. of Ibs.. 1, 262, 825 1, 271, 850 1, 050, 446 1, 173, 290 1, 062, 230 1, 147, 540 1, 062, 497
Cold-storage holdings, end mo. .. thous. of Ibs.. 642, 032 750, 563 822, 998 i 879, 496 892, 588
714, 343
753, 063
Apparent consumption
thous. of Ibs. _ 1, 068, 945 1, 057, 247 894, 920 U,029,463 948, 304 1, 015, 825 991, 101

-9.4
+1.5
-7.9

0
+25.0
-4.3

4, 555, 242

4, 557, 816

+.1

3, 946, 363

3, 929, 934

-.4

77, 576

76,386

-1.5

70, 690

86,655

+22.6

« 976, 753 « 1,340, 318
352, 656
331, 296

+37.2
+6.4

Sheep and Lambs
Sheep movement, primary markets:
Receipts
.
thousands
1,706
Shipments, total
.thousands !
780
Shipments, stocker and feeder. .thousands..
223
Local slaughter
thousands
934
Lamb and mutton:
Inspected slaughter product.. thous. of Ibs.. 45, 354
Apparent consumption
thous. of Ibs.. 44, 688
Cold-storage holdings,
end of month
thous. of Ibs..
4,556
Prices:
Sheep, ewes, Chicago
dolls, per 100 Ibs..
5.64
Sheep, lambs, Chicago.. .dolls, per 100 lbs_. 12.04

2,702

469
3,521

Miscellaneous Meats
Cold-storage holdings, end mo... thous. of Ibs..

63, 846

1

Total Meats

Poultry
Receipts atfivemarkets
Cold-storage holdings,
end of month

thous . of Ibs . . 76,919

27,704

thous. of lbs_. 144, 497

144, 076

15, 777

13, 956

17, 638

13,992

-11.5

-.3

129, 510 i 104, 697

77, 308

73, 124

52, 783

-26.2

+46.5

28, 610
i 34, 887

20, 556
24, 715

23, 751
24, 894

18, 539

16,154

-28.2
-29.2

+10.9
+53.0

368, 071
126, 594

53, 450

368, 154
1 94, 091

152, 126
40, 311

-57.0

+32.6

109, 259
45, 210

120, 770
48, 279

108, 410
46, 077

115, 060
45, 501

+10.5
+6.8

+5.0
+6.1

408, 745
170, 509

417, 517
169, 569

+2.1
-0.6

3,432

17, 392
142, 617
.43

17, 527
147, 225
.39

+12.7
+7.5
-2.0

-80.4
+12.6
+28.2

572, 077

602, 001

+5.2

127, 965
+0.5 -22.0
107, 927
59,009
59,417
+13.8 +9.0
162,454
—11.1
-9.4
153, 958
45, 625
-3.8
-4.6
4,872 -11.5 +42.1
17, 432
25, 143
6,923
1,455
1,399
327
348
—5.5
-6.0
9,099
1,303 -65.0 -14.3
10, 921
1,117
2,548
* See table on p. 23 of the April, 1927, issue for earlier data.

-15.7
+0.7
-5.2

18,949

Fish
Total catch, prin. fishing ports. ..thous. of Ibs.. 13, 439
19, 349
18, 140
Cold-storage holdings, 15th of mo .thous. of lbs_. 69,584
48,684
58, 655
Canned salmon:
584, 097
Shipments, United States
cases
490, 107
482, 140
Exports, Canada
cases.. 121, 965 106, 145
66, 467
Butter
Production (factory)
...thous. of Ibs.. 88, 137
93, 142
94, 346
Receipts, 5 markets
thous. of Ibs.. 36, 054
37, 705
38, 375
Cold-storage holdings, creamery,
end of month
.thous. of lbs_.
34, 347
7,952
17, 952
Apparent consumption
thous. of Ibs
156, 777
145,906 135, 997
.55
Wholesale price, New York*
dolls, per lb_.
.52
.50
Cheese
Total, all varieties:
Production (factory)
..thous. of lbs_. 27, 122
23, 323
25, 962
Receipts, 5 markets
thous. of Ibs. . 15, 984
12,706
14,916
Apparent consumption
thous. of Ibs.. 40, 695
36, 145
36, 616
Cold-storage holdings
thous. of Ibs.. 71, 920
54,072
62, 136
Imports
thous. of Ibs.. 10, 033
5,608
4,788
Exports, United States
thous. of Ibs..
356
370
356
Exports, Canada
thous. of Ibs.. 13,635
3,209
3,404
« Cumulative through Mar. 31.
i Revised.




13,044

154, 276
.51

165, 822
.50

29, 241
14, 872

29, 401
16, 923

42,985
i 47, 840

7,824

346
3,191

38,212

34, 729
15, 056
43, 778
51, 285
4,641
432

37, 681
15, 531
42, 198
47, 450

+44.2
-3.8
+20.0

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 134 of the
February, 1927, "Survey"

1927

PER CENT INCREASE (+) OR
DECREASE (— )

1996

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

-7.7
-4.0

+30.8
+45.9

Per ct.
increase
( }
or t
de-

crease
(-)
cumulative
1927
from
1926

-8.7
+14.3

2,087 +36.7
3,735 +191. 6

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

December

January

54,596
.26

46, 026
.26

39, 382
.26

35, 193
.25

32, 491
.24

38,041
.23

751
1,096

970
253

1,176
92

1,997
1 1, 868

2,729
5,448

1,741
872

33, 593

31, 207

26,053

33, 272

52, 030

21, 849

25, 739

+56.4 +102. 1

16, 594
8,303

12,418
7,782

10,935
i 7, 812

14,608
9,443

17,008
9,028

19, 082
10,829

+33.6
+20.8

-23.4
-12.8

11, 296
3,388
2,694
5.63

7,054
3,619
2,853
5.72

5,378
i 3, 881
2,974
5.75

8,317
3,596
2,761
5.84

11, 723
7,070
3,642
5.95

14,424
4,768
3,685
5.92

+54.6
-7.3
-7.2
+1.6

-42.3
-24.6
-25.1
-1.4

54,888

49, 940

47, 476

58,433

89, 225

98,414

+23.1

-40.6

63, 730
7,858
4.38

76, 465
9,261
4.36

-8.7
+13.2
+1.8

136, 617

160, 154

February

March

March

April

April

1927

1926

FOODSTUFFS— Continued
Cheese— Continued
American whole milk:
Cold-storage holdings,
end of month
thous. of lbs_.
Wholesale price, New York*— dolls, per lb—
Eggs
Receipts, 5 markets
thous. of cases..
Cold-storage holdings
thous of cases
Frozen, cold-storagef holdings,
end of month
thous. of lbs_.

35, 597
.21

5,804

6,872

+18.4

14, 837

11, 282

-24.0

-88.8
-23.8
+5.0

27, 782

23, 171

-16.6

+3.8

+10.8

528, 572

574, 221

+8.6

-1*0
+96.5

-10.3
+17.9

963

1,029

+6.9

'48,014
« 299, 226

» 50, 664
« 318, 375

+5.5
+6.4

Milk

Condensed milk:
Manufacturers' total stocks (end of
month) —
19, 759
Case goods
thous. of lbs._
10,003
Bulk goods
thous. of lbs._
Manufacturers' unsold stocks (end of
month)—
Case goods
thous. of lbs_. 14, 399
4,072
Bulk goods
thous. of Ibs..
3,454
Exports
_
thous. of lbs_.
5.68
. Wholesale price, New York. dolls, per case..
Evaporated milk:
Manufacturers' total stocks (end of
71, 355
month) case goods
thous of Ibs
Manufacturers' unsold stocks,
45, 235
case goods
thous of Ibs
6,499
Exports
_.
thous. of Ibs—
4.48
Wholesale price, New York. dolls, per case—
Production, condensed and
?$• evaporated milk
thon?-0flbf?
102, 908
Powdered milk:
9,610
Manufacturers' total stocks.. thous. of Ibs..
259
Exports
thous. of Ibs..
Fluid milk:
Receipts—
16,349
Boston (includ. cream). -thous. of qts_.
Greater New York
thous. of qts_. 105,235
Production—
22, 562
Minneapolis, St. Paul____thous. of Ibs—
Consumption in manufacture
7,262
of oleomargarine
thous. of Ibs..
Sugar
Raw:
Imports—
From Hawaii and Porto
20,475
Rico _
. long tons
From foreign countries
long tons.. 221,927
271,948
Meltings, 8 ports
long tons
Stocks at refineries, end mo
long tons- 246,391
Receipts, domestic, at New
Orleans _ _
._ long tons.. 11, 148
Refined:
5,604
Exports, including maple _ _
long tonsPrices:
Wholesale, 96° centrifugal,
.051
N. Y
dolls, perlb.061
Wholesale, granulated, N. Y. dolls, per lb—
.065
Retail, granulated, N. Y
dolls, per lb—
133

19,084
5,554
4.50

10,150
4,331
4.50

9,346
6,232
4.50

8,531
7,054
4.58

107, 581

118, 309

170, 881

177, 450

5,278
285

7,286
285

17, 128
105, 541

16, 800
105, 161

29, 153

27,685

6,522

5,690

158,556
417,332
482,656
379,210

150, 677
453, 128
497, 912
290, 061

183,482
460,240
464, 740
461,857

+.6
+4.2
-12.7
+17.9

-13.6
-9.3
+3:9
-17.9

46

30

258

136

-34.8

-77.9

6,541

18,295

15,822

16, 141

11, 195

-13.5

+41.3

.049
.060
.068
136

.048
.058
.067
135

.048
.058
.063
133

.040
.049
.059
122

.041
.052
.058
120

9,638
268

6,710
254

i 6, 601
171

17,002
106, 156

15, 522
99, 019

18, 140
113, 200

25,468

24,623

27, 794

6,287

6,262

7,042

70, 187
163,973
290, 613
177,791

142,800
366,551
362,841
300,858

157, 549
400, 544
553, 004
321,629

1,404

123

5,760
.051
.062
.068
136

6,535
336

26,458

-4.4

-6.0
-1.5

110, 152

104, 343

-5.3

« 19, 110

-4.8

« 19, 591

+2.5

536, 741
1,581,284
1,774,350

529, 092
1,348,400
1, 689, 114

-1.4
-14.7
-4.8

30, 760

1,603

-94.8

43,534

46, 418

+6.6

+17.1
+11.5
+8.6
+10.8

Cuban movement:
920,480
757,373 -45.1 -21.4 3,058,489 2, 967, 212
Receipts at Cuban ports
long tons.. 62,829 482, 152 805, 868 1, 084, 038 595, 154
-5.1 1,744,832 1. 517, 587
454, 631
166, 044
512,824
465,263 -13.9
206,816
441,653
397, 066
Exports
long tons
—.2
1,310,347 1,449,624 1, 107, 066 1, 452, 146 +10.6
69,741
298, 682
Stock*? end of month
long ton^
702,733
Coffee
541, 345
479, 283
129, 064 +18.7
-1.6
146,048
Imports
__.thous. of Ibs.. 136, 955 119.672 125, 624 106, 988 126,999
Visible supply:
-4.5
4,464
4,747
4,605
4,318
4,261
4,701
4,385
-1.3
World...
thous. of bags..
694
1,014
743
+5.4 +16.1
766
806
978
903
United States
thous. of bags4,039
3,913
899
1,056
761 -10.7 +18.1
1,127
1,007
1,389
1,006
Receipts, total, Brazil
. thous. of bags
Clearances:
4.549
1,235 -23.2 -24.8
4,280
929
1,071
1,214
1,209
1,159
928
Total, Brazil, for world
thous. of bags..
2,184
2,296
649
353 -24.0 +44.8
672
511
666
716
447
Total, Brazil, for U. S
thous. of bags..
Tea
25,293
25, 081
4,891
5,369
5,251
5,776
-2.0 +7.4
9,559
8,876
5,585
Imports
..
—thous. of IbS—
Stocks, United Kingdom,
194, 162 i 178, 565
+.4
-7.7
179,315
194,362
end of month
_
thous. of Ibs— 207,003 222,636 217,413
TOBACCO
Consumption (tax-paid withdrawals) :
-5.5 1,958,255 1,912,452
509, 133 -10.0
564,245
528, 698
475,980
464, 575
466, 078
441, 696
Large cigars
thousands
-1.8 +13.0 27,789,994 29,785,021
6,391,844 7,269,356 6,609,166 8,026,096 7,880,403 7, 633, 201 6,972,836
Small cigarettes
_ _
thousands. .
Manufactured tobacco
131,787
-6.9
139, 784
37, 428
33, 891 -10.7
35,347
31,561
33,005
31, 874
andsnuff
.. . -thous. of Ibs. _ 28, 218
Exports:
189, 887
173, 593
35,041
43, 388 -15.9 -19.2
41, 669
36, 167
66, 337
46,840
Unmanufactured leaf- _
thous. of Ibs.. 50, 375
906,029
747, 967
946, 711 -37.3 -50.5 3, 217, 464 2, 589, 066
468,852
775, 081
761, 026
611, 221
Cigarettes
thousands
317, 894
234, 949
15,078 -86.8 -46.4
61,319
25, 210
8,076
Sales of loose-leaf, warehouses
thous. of lbs._ 122, 882 130,006 118,493
Price, wholesale, Burley good leaf,
21.00
21.00
25.00
25.00
-16.0
21.00
21.00
21.00
dark red. Louisville
dolls, per 100 Ibs—
Cumulative through Mar. 31. * See table on p. 23 of the April, 1927, issue for earlier data, t See table on p. 22 of the May, 1927, issue for earlier
i Revised. «



-3.0
-13.0
-11.5

+3.2
-5.9
+5.1
-.8

-2.3
+7,2
-5.7
+9.4
-19.5
+35.3

data

42

TREND OF BUSINESS MOVEMENTS—Continued

1937

1926

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 26 to 134 of the
February, 1927, "Survey"

December

January

February

PER CENT INCREASE (+) OR
DECREASE (— )

1936

March

March

April

Apr.,
1927,
from
Mar.,
1927

April

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Apr.,
1927,
from
Apr.,
1926

1936

1937

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

TRANSPORTATION
River and Canal Cargo Traffic
Panama Canal:
Total cargo traffic ... .thous. of long tons._
2,242
2,230
2,310
In American vessels. ..thous. of long tons..
1,149
1,216
1,233
In British vessels
thous of long tons
539
478
551
Sault Ste. Marie
thous of short tons
None.
None.
1,387
Cape Cod Canal
_._
short tons.. 79, 465
50,378
41, 945
Suez Canal
thous. of metric tons .
2,305
2,209
2,304
Mississippi River, Qovt. barges
short tons_. 80, 910
85,482
89, 610
Ohio River, Pittsburgh, Pa., to
Wheeling, W. Va__
_
short tons.. 639, 709 621, 496 624, 697
Allegheny River _ _
short tons. _ 191,719
85, 605
89, 242
Monongahela River
short tons 2, 116, 215 1 935 879 2, 117, 558
Ohio River tonnage* originating, quantity:
Pittsburgh district
short tons.. 2 491 562
Huntington district
short tons 21,394,393
Cincinnati district
short tons.. 2161, 984
Louisville district _
short tons 21,507,496
Total
short tons 25,555,435

2,534
1,350
641
None.
52, 081
2,724
104, 301

2,607
1,403
701
None.
58, 023
2,471
74, 688

2, 430
1,410
491 i
4,698 I
54,155 |

-4.1
+4.4
-23.4

+8.6
+21.9
-21.6
+134. 9
+4.0 -23.9

9,331
4,804
2,475

9,436
5,125
2,149

2,238
1,157
626
2,000
71, 208
2,255
72, 682

+17.0

+67.9

207, 875
« 6, 777
255,341

571, 193
765, 632
744, 400
761, 947
159, 660
108. 433
184, 015
202, 090
2, 529, 828 1, 829, 631 1, 831, 204 1, 919. 679

-2.8
+69.7
-27.7

-2.3
-8.9
-4.7

1, 761, 686
467,395
6, 876, 716

2, 756, 225
467, 295
8, 412, 896

+56.5

19,390
6,749
12, 641

21, 205
8,052
13, 153

+9.4
+19.3
+4.1

72, 097
51, 775

110,391
77,218

+53.1
+49.1

+2.1 16, 773, 991 17, 255, 824
+0.3
744, 236
747,714
524, 548
+1.3
510, 961
-3.5 3,434,330 3, 777, 347
-9.0 1, 297, 437 1, 197, 728
+48.5
205, 414
244,705
+1.3 4, 540, 673 4, 603, 599
+6.0 6, 027, 353 6, 173, 770

+2.9
+0.5
-2.6
+10.0
-7.7
+19.1
+1.4
+2.4

s 1,090, 506 5 1,118, 096
5 249, 033 s 236, 823
5 1,473, 728 5 1,487, 054
5 1,137, 069 51,144,385
6 223, 840 6 226, 572
6 111, 750 5 118, 289

+2.5
-4.9
+0.9
+0.6
+1.2
+5.9

8 19, 724
6 8, 309

+1.0
-0.1

122,000

31,998,586
31,000,806
3 75, 500
3 487, 245
23,562,137

+1.1
+6.7
-13.2

198, 559
-4.5
«7,238
+6.8
401,393 i +57.2

+22.3

i

i

Ocean Traffic
Clearances, vessels in foreign trade:
Total
thous of net tons
6,888
American
thous. of net tons..
2,366
Foreign
thous of net tons
4,522
Vessel losses (quarterly) :
Lost
gross tons
2 30, 290
Abandoned ...
gross tons 2 124 175

5,153
1,818
3,335

4,745
1,734
3,011

5,147
1,882
3,265

5,034
1,721
3,313

5,160
2,618
3,542

5,221
1,838
3,383

* 25 845
* 73, 945

3 37 033
3 261, 720

+0.3
+39.1
+8.5

-1.2
+43.0
+4.7

+22.3 +43.3
+110. 8 +253. 9

Shipbuilding
Completed during month:
Total
gross tons
Steel seagoing
gross tons
Building or under contract, end of month:
Merchant vessels
thous. of gross tons
World (quarterly), launched:
Number of ships. .
Tonnage
thous of gross tons
Under constructionNumber of ships
Tonnage
thous. of gross tons

36, 376
31, 605

6,396
1,208

19, 374
15, 532

314

313

310

41, 869
26, 847

33,016
28, 850

' 42, 752
33, 631

22, 874
18, 096

+2.1
+25.3

+86.9
+85.9

229

288

228

2130
2 410

3118

3 289

<134
4
461

-9.2
-29.5

-11.9
-37.3

476
1 933

645
2,570

524
2,010

+35.5

+23.1
+27.9

Freight Cars
Surplus (daily av. last week of month):
Total
cars
275,260
Box
,
_.
cars
166, 532
Coal
cars
61, 181
Shortage (daily av. last week of month) :
Total
cars
28
Box
cars
None.
Coal.
cars
18
Car loadings:
Total
cars 3,780,031
Grain and grain products .
cars_. 184, 139
Livestock
_.
cars
121, 747
Coal and Coke
cars.. 947, 265
Forest products
.cars _ _ 234, 152
Ore
cars
38, 792
Merchandise and 1. c. 1
cars_. 987, 699
Miscellaneous
cars 1, 266, 237
Railroad Operations
Operating revenue:
Freight
thous. of dolls
Passenger
thous of dolls
Total operating
thous of dolls
Operating expenses .
thous. of dolls
Net operating income
thous. of dolls
Freight carried
mills, ton-miles
Pullman company operations:
Revenue _
thous of dolls
Passengers carried
_
thousands . .

259, 548
148, 742
62, 588

275, 153
141, 589
83,252

248, 477
131, 844
68, 417

259, 736
127, 432
90,075

246, 549
95,478
104, 280

276, 573
118,419
115, 205

164
2
85

125
None.
85

538
None.
466

19
8
1

13
None.
None.

None.
8

12

+4.5
-3.3
+31.7
-96.5

+58.3

-99.8

-87.5

4, 524, 749 3,823,931 4, 016, 395 4, 890, 749 13,877,397 14,791,006 +21.8
160, 217
188, 152 i 159, 249 i 187, 589 +17.4
178, 387
220, 958
137, 048 i 113, 498 i 135, 275 +25.4
109, 265
110, 990
153, 658
-4.9
852, 223 i 783, 393 i 883, 334
896, 527
903, 149
1, 125, 448
344, 373 i 307, 889 i 378, 461 +22.2
281, 834
275, 597
295, 924
i 42, 177 i 75, 210 +160. 3
111,719
42, 923
42, 823
47, 240
1, 187, 182 1, 009, 978 1, 070, 952 1, 335, 487 11,061,040 11,317,862 +24.7
1, 494, 339 1, 303, 007 1, 454, 677 1, 921, 747 11,410,151 11,813,275 +32.1

i 401, 953
i 80, 813
i i 531, 464
! i 397, 132
'• i 94, 658
138,669

384, 108
89, 622
526, 486
407,302
80, 893
40, 096

357, 840
85, 975
487, 004
387, 489
61, 579
39, 223

353, 857
74, 218
468, 994
361, 473
70,045
37, 250

406, 399
76, 630
531, 056
395, 423
94, 948
41, 816

6,437
2,889

7,086
2,988

6,180
2,583

6,458
2,738

62, 428
2,608
8,549
13.8
206
450
52

62, 387
2,611
9,256
14.9
145
210
26

62, 333
2,611
9,548
15.4
160
214
85

62, 275
2,612
9,334
15.1
142
201
70

62, 039
2,615
8,915
14.5
187
223
27

276
53

262
56

232
44

210
34

187
30

i

-6.1
+7.6
-21.8

370, 024
80, 641
499, 662
384, 833
76, 282
36, 317

6, 387
2,718

63, 548
2,596
10, 191
16.2
204
205
204

63,440
2,597
9,836
15.6
189
295
251

5 19, 526
5 8, 317

6,326
2, 810

Railway Equipment
Locomotives (Am. Ry. Assn.):
Owned, end of month
number
Tractive power
mills of Ibs
In bad order, end mo
number
Per cent of total in use
per cent..
Installed during month
number-Retired during month
number _
Ordered from manufacturers
number. .
Unfilled orders (railroads)—
From manufacturers
number
In railroad shops
number..
1 Revised.
2
Quarter ending December, 1926.




1

3
4

Quarter ending March, 1927.
Quarter ending March, 1926.

635
103 1

559
95

-0.4
+0.1
-4.5
-4.0
+31.7
+10.9
-61.4

-2.2
+0.7
-9.4
-7.1
-1.1
-24.4
-89.2

-11.0
-11.8

-66.5
-68.4

759
928
528

634 i -16.6
848 i -8.6
208 I -60.6

* Cumulative through Mar. 31.
*See table on p. 27 of the March. 1927. issue for earlier data.

43

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 134 of the
February, 1927, "Survey"

1936

December

1927

February

January

PER CENT INCREASE (+) OR
DECREASE (— )

1926

March

April

March

April

Apr.,
1927,
from
Mar.,
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Apr.,
1927,
from
Apr.,
1926

1927

1926

Per ct.
increase
(+>
or decrease
(-)
cumulative
1927
from
1926

TRANSPORTATION— Continued
Railway Equipment— Continued
Locomotives— Continued.
Shipments (Census)—
Total
._
_
.
number
185
57
80
137
162
151 -28.5
98
Domestic152
Steam
.
number
84
69
16
146
122 -14.3
72
Electric
number
17
8
* 11
11
10
23
12 +109. 1
Shipments (qtly.), electric locomotives4
2304
Mining
number
»272
-10.5
165
4
Industrial
__
number...
275
3 11
19
-85.3
Unfilled orders, end of monthTotal
number
398
405
385
396
780
327
713 -15.1
Domestic—Steam
number
297
314
334
301
15 3
255
635
580
14
Electric
number..
22
16
48
35
50
44 -27.1
Exports, steam...
number
17
41
9
47
15
20
9 -68. 1
Freight cars (Am. Ry. Assn.):
Owned, end of month
cars 2, 336, 470 2, 335, 923 2, 334, 917 2, 332, 756 2, 332, 184 2, 346, 242 2, 348, 148
0.0
Capacity
_ _ . mills, of lbs._ 211,436
211, 488 211, 477
211, 495 211, 649
+0.1
210, 569 210, 966
In bad order, end mo
cars
130, 146
130, 470
138, 292
136, 847
162, 470
+3.8
135, 458
159, 845
Per cent of total in use
per cent..
5.7
5.9
6.1
5.7
+3.5
7.0
6.9
5.9
Ordered from manufacturers
cars..
5,831
17, 196
4,185
5,253
3,362
7,640
5,622 -36.0
Shipments by manufacturersTotal
cars
2, 656
3,209
4,449
3,023
8,811
9,257 +25.2
5,570
Domestic
cars
2,450
3,160
3,009
4,445
5,562
8,668
9,207 +25.1
Unfilled orders (railroads)—
Total
cars
18, 481
28, 426
27, 069
26, 717
44, 183
-1.5
26, 305
43, 582
12, 313
From manufacturers
cars _ _
18, 255
17, 209
17, 395
35, 810
34, 839
+4.7
18, 217
In railroad shops. _
cars..
6,168
9,322
10, 171
9,860
13.2
8,373
8,088
8,743
Passenger cars:
Ordered from manufacturers
cars
105
314
212
246
6
107
230 -97.2
Shipments by manufacturers —
Total-.
cars
191
60
86
56
+2.3
115
225
88
Domesticcars
191
42
55
71
102
225 +23.9
88
2
8
4
Unfilled orders, end of quarter _ _
cars..
730
1, 013
1, 206
+38.7

-35.1

602

372

-38.2

-41.0
+91.7

460
56

241
52

-47.6
-7.1

-56.0
-20.5
+66.7

125

112

-10.4

-0.7
+0.3
-15.3
-14.5
-40.2

36, 146

29, 996

-17.0

-39.8
-39.6

28,271
27, 255

16, 251
16, 176

-42.5
-40.6

+64.8
—42.1

-54.1

-39.6
-47.7
-97.4

706

778

+10.2

-60.9
-60.9
-16.0

681
649

290
256

-57.2
-60. 6

-2.8
+94.5

188, 098
13, 131

226, 711 +20.5
27, 941 +112.8

« 68, 617
8 73, 369

s 70, 367
« 74, 762

+2.6
+1.9

« 11, 975
3
80, 310
61, 206

« 12, 121
5 78, 256
63, 134

+1.2
-2.6
+3.2

6 174, 279
e 41, 919

« 191, 453
5 48, 738

+9.9
+16.3

« 30, 567
6 37, 919
6 4, 971

-3.1
-2.0
+4.3

Passenger Travel
National parks:
Visitors.Automobiles entered
Arrivals from abroad:
Immigrants
United States citizens
Departures abroad:
Emigrants _.
_.
United States citizens
Passports issued

number..
number. .

31, 302
1,744

51, 972
6,359

58, 599
6,187

59, 597
6,887

number..
number..

23, 805
16, 777

18,804
16, 913

21, 695
25, 097

29, 868
32, 752

number
number
number..

9,481
19, 608
8,431

3,928
21, 483
9,053

3,949
29, 732
9,381

4,244
27, 041
17, 556

61, 634
15,329
9,549
11, 873
1,336

54, 955
4,081

58, 192
4,374

29,504
29, 987

33, 400
28, 931

3,457
25, 215
16, 502

4, 989
26, 312
27, 239

65, 679
16,892

59, 581
14, 056

59, 521
14, 669

10, 944
13, 489
2,297

11, 276
13, 836
2,092

10, 564
12, 980
1,611

102, 483
35, 079

100, 904
33, 954

831, 238

802, 890

56, 543
8,508

27, 144

-5.1
+23.5

+54.6

-6.3

PUBLIC UTILITIES
Telephone companies:
Operating revenues
thous. of dolls
64,766
64, 140
Operating income. __
..thous. of dolls..
16, 261
16, 517
Telegraph companies:
Commercial telegraph tolls. thous. of dolls..
11, 032
10, 074
Operating revenue . _ _
thous. of dolls. _ 13, 726
12, 557
1,712
Operating income
thous. of dolls. _
1,338
Gas and electric companies:
Gross earnings
thous. of dolls
113, 516
113, 157
Net earnings
thous. of dolls
42, 217
40, 018
Electric railways (212 companies):
Passengers carried
thous. of persons.. 855, 835
831, 635
Electric power production:
1
Total
mills, of kw. hours
6,817
6, 730
By water power
mills, of kw. hours..
2,405
i 2, 354
1
By fuels
mills, of kw. hours..
4,412
4, 376
In street railways,
441
manfg. plants, etc
mills, of kw. hours..
427
In central stations
mills of kw hours 1 6,376 1 1 6, 303
Gross revenue sales _ _ .
thous. of dolls
154, 700 161, 200

105, 906
36, 267
756, 806
1
1
1

1

833, 316

6, 081
2, 196
3, 885

374
1
5, 707
147, 600

800, 722

6,178
2,287
3,891

6,692
2,563
4,129

402
6,290

1

5, 812
i 2, 346
1
3, 466

6 31, 543
'638, 676
4, 768

-3.9

3, 222, 479

+0.5

17, 966
• 6, 203
8
11, 764

-0.3

s 19, 503
« 7, 113
« 12, 390

+8.6
+14.7
+5.3

« 1, 271
16, 695

5 1, 203
6 18, 300

-5.4
+9.6

3, 207, 991
5

r

<

422
383
1
5,756
5, 429
141, 800 i 139, 800

5

EMPLOYMENT AND WAGE§
Employment in factories:
New York State-.
thousandsDetroit. ...
.
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. _
Ohio construction employees
(rel. to 1923)
index number

495
88
96
93
78
116.5
99.7
88.5

485
216
95
91
78
115.4
97.8
87.9

491
223
95
91
79
118.7
98.4
89.4

494
226
95
91
77
119.4
98.1
88.5

14,584
253.7
111
92
91

14, 286
251.2
107
87
87

14,436
274.1
109
91
89

14, 714
273.0
109
91
87

85

62

i Revised.
Quarter ending Dec. 31, 1926.

2




3

487
226
94
88
74
117.3
97.5 j
86.5 1
14, 215
268.1
107
89
84

69
66
66
Quarter ending 3V 31, 192 J.
[ar.
Quarter ending Mar. 31,1926.

517
270
93
93
86
124.8
101.8
95.0

509
251
91
93
85
123.4
101.5
92.6

-1.4
0.0
-1.1
-3.3
-3.9
-1.8
-0.6
-2.3

-4.3
-10.0
+3.3

14, 996
302.9
98
92
93

14, 691
298.7
96
90
93

-3.4
-1.8
-1.8
-2.2
-3.4

-3.2
-10.2
+11.5
-1.1
-9.7

64

j2' g

-19
-3.9
-6.6

71
-7.0
0.0
« (Uunaulative throu gh Mar. 31.

I
I

44

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 134 of the
February, 1927, "Survey"

1927

Decem- January
ber

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

March

April

March

April

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

Per ct.
increase
( }
or-t
decrease
(-)
cumulative
1927
from
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

1926

1927

EMPLOYMENT AND WAGES-Contd.
Federal civilian employees, Washington, D. C., end of month.
number.. 59, 569
Average weekly earnings (State reports) :
Illinois factory labor * . . . dolls
28.87
New York State, factory labor
dolls..
29.47
Wisconsin, factory labor *
dolls
24.61
Massachusetts (rel. to 1914). index number..
181.3
New Jersey (rel. to 1923) index number..
112
Pennsylvania (rel. to 1923). .index number..
106
Delaware (rel. to 1923))
index number..
108
Average weekly earnings (National Industrial
Conference Board):
Grand total (both sexes)
dollars..
27.05
Total male
_
dollars _
29.12
Skilled male
dollars..
30.66
Unskilled male
.
_. _ dollars
23.61
Total women
dollars
17.36
Average weekly hours:
Nominal (both sexes)
hours . .
49.4
Actual (both sexes)
hours..
47.8
Wages of common labor, by geographic divisions:
New England
ceflts per hour
54
Middle Atlantic
cents per hour
50
South Atlantic
cents per hour
36
East South Central
cents per hour
24
West South Central - .. cents per hour
27
East North Central
cents per hour
40
West North Central
_ .cents per hour
35
Mountain
cents per hour
40
Pacific
cents per hour
52
United States, average
cents per hour..
40
Wage rates, U. S. Steel Corp.. .cents per hour..
50
Wages, steel workers, Youngstown
district
_.
per cent of base
133.0
Applicants per 100 jobs, employment agencies:
134
United States, average
number
Eastern States
number
135
Central States
number
157
Southern States
number
121
Western States _
number
78
Factory Labor Turnover
(Percentages of number on pay roll)
Departures:
Total
per cent
Voluntary quits
per cent
Layoffs
per cent..
Discharges
per cent
Accessions
_
percent..

30.6
20.0
7.1
3.5
27.1

DISTRIBUTION MOVEMENT
Retail Sales
Mail-order houses:
Total sales, 4 houses
thous. of dolls.. 60,863
Total sales, 2 houses
thous. of dolls.. 53, 086
Sears, Roebuck & Co
thous. of dolls.. 29, 983
Montgomery Ward & Co. -thous. of dolls.. 23,103
Ten-cent chain stores:
Total sales (4 chains)
thous. of dolls.. 77,498
Total stores operated (4 chains). .number. . 2,220
F. W. Woolworth & Co thous. of dolls.. 41, 347
Stores operated
number
1,484
S. S. Kresge Co
thous. of dolls.. 20,451
Stores operated
number
368
McCrory Stores Corp
thous. of dolls..
6,031
199
Stores operated
number
9,669
S. H. Kress & Co
thous. of dolls
Stores operated
number
169
Metropolitan
thous. of dolls..
2,141
81
S tores operated
number
1,821
F. & W. Grand
_ .thous. of dolls .
41
Stores operated
number
W. T. Grant Co .
thous. of dolls
6,455
Stores operated
number
106
Chain stores:
Groceries104, 518
Sales
thous of dolls
Stores operated
number
26,417
DrugSales
...thous. of dolls.. 10,223
Stores operated
number
733
CigarSales
thous. of dolls
13, 138
3,434
Stores operated
number
Shoe5,029
Sales
thous. of dolls
Stores operated
number
576
Music2,018
Sales
thous. of dolls..
61
Stores operated
number
Candy3,684
Sales
thous. of dolls
Stores ooerated
number..
259
* See table on p. 25 of the March, 1927, issue for earlier




59, 615

59,502

59,591

61,274

61,211

28.23
29.52
24.58
178.3
109
102
104

28.85
29.39
26.06
182.2
111
106
105

28.72
29.78
25.80
182.9
111
106
106

28.68
29.04
26.56
184.8
105
104
103

28.87
28.85
26.47
180.3
105
103
104

27.68
29.57
30.93
24.69
17.25

27.68
30.17
31.61
24.93
17.38

27.53
30.00
31.39
24.92
17.48

27.49
30.13
31.82
24.21
17.30

27.26
29.87
31.50
24.01
17.38

49.5
48.2

49.5
48.6

49.6
48.5

50.1
49.0

50.4
48.5

44
46
24
24
27
39
38
43
51
37
50

50
50
39
24
32
44
37
41
53
41
50

51
51
32
24
26
39
37
42
52
39
,50

56
46
30
24
27
38
36
44
53
39
50

54
46
27
24
28
40
37
45
52
39
50

133.0

133.0

128.5

128.5

131.5

131.5

0.0

-2.3

160
156
203
146
78

158
162
191
155
72

137
146
165
125
67

118
122
140
113
62

137
117
185
114
64

126
114
157
137
62

-13.9
-16.4
-15.2
-9.6
-7.5

-6.3
+7.0
-10.8
-17.5
0.0

41.4
23.4
12.3
5.7
35.0

38.8
22.1
10.6
6.1
37.3

45.9
33.1
6.2
6.6
45.2

45.7
31.1
8.7
5.9
51.3

50.6
35.4
7.1
8.2
56.5

60.8
46.4
6.1
8.5
52.3

39,458
35, 237
22, 080
13, 157

39, 019
35, 150
20, 966
14, 184

48, 186
41, 147
23, 254
17, 893

46,965
40,648
24,091
16, 557

47,369
40, 262
21, 996
18, 266

44, 064
38,841
22, 998
15,843

-2.5
-1.2
+3.6
-7.5

+6.6
+4.7
+4.8
+4.5

174,237
153, 229
89,008
64,221

173, 628
152, 182
90,391
61,791

-0.3
-0.7
+1.6
-3.8

29, 647
2,223
16, 124
1,484
7,956
370
2,275
199
3,292
170
655
81
658
44
2,205
106

31, 963
2,244
17, 379
1,494
8,309
376
2,740
202
3,535
172
693
82
712
48
2,249
109

35, 575
2,261
19, 602
1,505
9,183
382
2,860
202
3,930
172
801
82
879
50
2,789
111

40, 775
2,281
22, 350
1,515
10, 788
388
3,308
207
4,329
171
1,000
82
1,189
52
3,364
115

33, 162
2,094
18, 308
1,431
8,472
316
2,538
180
3,844
167
684
72
764
38
2,310
80

33, 780
2,104
18, 967
1,435
8,591
322
2,458
180
3,764
167
748
74
787
38
2,562
81

+14.6
+0.9
+14.0
+0.7
+17.5
+1.6
+15.7
+2.5
+10.2
-0.6
+24.8
0.0
+35.3
+4.0.
+20.6
+3.6

+20.7
+8.4
+17.8
+5.6
+25.6
+20.5
+34.6
+15.0
+15.0
+2.4
+33.7
+10.8
+51.1
+36.8
+31.3
+42.0

123, 195

137, 960

67,915

75,455

32,010

36,236

9.336

11, 183

+12.0
+11.1
+13.2
+19.8

13,934

15, 086

+8.3

2,582

3,149

+22.0

2, 824

3,438

+21.7

8,888

10,607

+19.3

97,405
26, 608

92,988
26, 696

108,389
26, 618

106,953
27,002

84,676
24,743

92,205
24,889

-1.3
+1.4

+16.0
+8.5

337,478

405, 735

+20.2

8,195
741

7,888
742

8,768
742

8,739
746

7,586
619

7,474
625

-0.3 +16.9
+0.5 +19.4

28, 773

33, 590

+16.7

7,963
3,411

8,110
3,398

9,077
3,404

9,274
3,414

8,442
3,270

8,886
3,288

+2.2
+0.3

+4.4
+3.8

32,417

34,424

+6.2

2,486
576

2,572
578

2,929
575

4,628
587

3,340
529

3,880
538

+58.0 +19.3
+2.1 +9.1

12,018

12, 615

+5.0

852
61

888
63

976
63

938
62

1,013
59

1,000
59

-6.2
+5.1

3,856

3,654

-5.2

2,163
243

2,361
245

2,618
253

3,117
258 1

2,504
236

2,745
249

+19.1 +13.6
+2.0 +3.6

9,378

10, 259

+9.4

data.

29.17 1
183.5
111
106
106

49 1
47
25
25
34
38
38
43
52 1
39
50

-2.0

'i
i

+1.1

+0.3
0.0
0.0
0.0

+1.8
+5.7
+2.9
+1.9

i

i
i
I

-3.9 -9.3
-7.8 +2.2
—21.9 -7.4
+4.2 +4.2
+30.8 +21.4
-2.6 -5.0
+2.7 +2.7
+2.4 —4.4
0.0
0.0
0.0
0.0
0.0
0.0

I

-0.4 -24.8
-6.0 -33.0
+40.3 +42.6
-10.6 -30.6
-1.9
+13.5

-3.9
-1.6

1

45
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 134 of the
February, 1927, "Survey"

1927

Decem- January
ber

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

March

April

March

April

Apr.,
1927,
from
Mar.,
1926

Apr.,
1927,
from
Apr.,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

1926

1927

Perct.
increase

or decrease
(-)
cumulative
1927
from
1926

DISTRIBUTION MOVEMENT-Contd.
Retail Sales— Continued
Bestaurant chains:
Total sales (3 chains)
thous. of dolls..
Stores operated
number
Average per store
dollars
Childs Co., sales
thous. of dolls _
Waldorf System (Inc.),
sales
thous. of dolls
J. R. Thompson Co.,
sales
thous of dolls
Other chain stores:
Isaac Silver & Bros
_. thous. of dolls. .
Stores operated
number
Hartman Corporation
thous. of dolls..
Stores operated
number
J. C. Penny Co
thous. of dolls..
Stores operated
number..
United Cigars Stores Co thous. of dolls..
S tores operated
number .
A. Schulte (Inc.)
thous. of dolls..
Stores operated.. number
Owl Drug Co
thous. of dolls
Stores operated
number

5,138
350
14, 680
2,699

4,896
352
13,909
2,537

4,463
352
12, 679
2,319

4,903
353
13, 890
2,522

4,875
353
13, 810
2,443

4,890
343
14, 257
2,512

4,770
343
13, 907
2,455

-0.6
0.0
-0.6
-3.1

+2.2
+2.9
-0.7
-0.5

18, 785

19, 137

+1.9

9,610

9,821

+2.2

1,177

1,134

1,026

1,138

1,234

1,150

1,113

+8.4

+10.9

4,434

4, 532

+2.2

1,262

1,225

1,118

1,243

1,198

1,229

1,202

-3.6

-0.3

4,742

4,784

+0.9

951
19
1,496
15
15,986
747
9,478
3,134
3,574
292
1,870
95

281
19
842
15
6,236
671
5,723
3,109
2,204
294
1,318
95

311
19
1,152
16
7,425
758
5,715
3,096
2,362
294
1,253
96

388
20
1,168
17
9,796
780
6,500
3,102
2,542
294
1,456
95

465
20
2,424
17
13, 508
781
6,652
3,112
2,592
294
1,413
94

298
14
1,338
16
7,978
687
6,267
2,986
2,133
273
1,367
88

342 +19.8
15
0.0
2,238 +107. 5
16
0.0
8,763 +37.9
692
+0.1
6,504
+2.3
2,995
+0.3
2,341
+2.0
282
0.0
1,291
-3.0
88
-1.1

+36.0
+33.3
+8.3
+6.3
+54.1
+12.9
+2.3
+3.9
+10.7
+4.3
+9.5
+6.8

+32.0

Magazine advertising
thous. of lines..
2,373
Newspaper advertising
thous. of lines.. 107,351
National advertising in newspapers:
Total
thous. of lines.. 21, 513
2,486
Automobile advertising
thous. of lines..
1,372
Automobile accessories
thous. of lines..
Cigars, cigarettes, and
1,748
tobacco
thous. of lines
927
Financial
._
thous. of lines..
2,281
Food, groceries, beverages.. thous. of lines..
395
Hotels and resorts
thous. of lines..
247,
Household furniture
thous. of lines.,
261
lien's clothing .. .
thous of lines
Musical instruments..
thous. of lines..
501
2,628
Radio and electrical
thous. of linesRailroads and steamships
thous. of lines..
1,972
Shoes
_
thous. of lines..
269
Toilet articles and medical
3,231
preparations
_ _ _ _ _ _ _ _ thous. o f lines
97
Women's wear
thous. of lines. .
3,098
Miscellaneous
_._thous. of lines. _

1,821
97, 140

2,210
90,447

2,441
106, 700

2,720
112, 123

2,372
112, 810

2,620
114, 878

+11.4
+5.1

22,953
5,352
1,028

26,718
5,593
1,107

29,500
5,267
1,085

29,785
5,622
1,460

32, 766
6,827
845

32,609
6,193
1,275

1,257
905
2,239
315
148
26
184
1,370
1,275
116

2,720
922
3,102
202
274
37
161
1,439
1,300
65

3,153
923
3,983
537
306
294
103
1,214
1,235
162

3,057
894
4,336
389
1,412
492
186
968
1,733
240

5,312
31
3,395

6,688
104
3,004

6,983
215
4,040

40,282

30, 394

29,299

4,340

3,317

3,284

13, 338
104, 807

10, 576
80,473

3,658
37, 139

1,095

1,445

5,688

5,586

-1.8

27, 184

36, 965

+36.0

23,989

24,590

+2.5

8,263

9,700

+17.4

5,113

5,440

+6.4

+3.8
-2.4

8,915
421, 199

9,192
406,410

+3.1
-3.5

+1.0
-8.7
+6.7
-9.2
+34.6 +14.5

117,257
25,410
3,387

108, 956
21, 834
4,680

-7.1
-14.1
+38.2

2,003
1,154
4,409
279
681
369
244
1,242
1,239
240

2,850
-3.0 +7.3
925
-3.1 -3.4
4,920
+8.9 -11.9
383 -27.6
+1.6
1,261 +361. 4 +12.0
492. +67.3
0.0
124 +80.6 +50.0
872 -20.3 +11.0
2,119 +40.3 -18.2
287 +48.1 -16.4

8,558
4,055
14, 496
1,337
2,343
972
677
4,740
5,980
639

10, 187
3,644
13, 660
1,443
2,140
849
634
4,991
5,543
583

+19.0
-10.1
-5.8
+7.9
-8.7
-12.7
-6.4
+5.3
-7.3

4,792
283
3,921

8,504
293
4,437

6,005
336
4,567

-31.4
+31.6
-2.9

-20.2
-15.8
-14.1

27,551
718
15, 394

23, 775
633
14, 360

-13.7
-11.8
-6.7

34, 590

31, 750

33, 454

30, 851

-8.2

+2.9

121, 509

126,033

+3.7

3,572

3,338

3,525

3, 234

-6.6

+3.2

13, 124

13, 511

+2.9

10,276
77, 680

12, 715
98, 572

11,623
92, 019

12, 543
94, 968

11,411
87, 948

-8.6
-6.6

+1.9
+4.6

44, 466
336, 126

45, 190
348, 744

+1.6
+3.8

3,303
34,001

3,158
32, 240

3,650
36,394

3,378
34, 857

3,539
35, 411

3,218
32, 687

-7.5
-4.2

+5.0
+6.6

12, 835
129, 768

13, 489
137, 492

+5.1
+6.0

181,318
1,438

180, 048
1,397

206, 283
1,505

242, 606
2,040

247, 479
1,936

222, 768
1,897

249, 618
1,881

+2.0
-5.1

-0.9
+2.9

172

169

165

130

176

178

3.7

10.5

8.0

5.4

5.7

5.0

249, 584
205, 604
246, 519
227, 169
239, 720
767, 121
851, 905
890, 560
844, 659
787, 138
178
176
176
163
190
972, 901 1, 140, 322 1, 098, 600 1, 084, 569 1, 014, 470

-1.2
-4.3
-1.1
-3.7

+8.5
+8.2
+8.0
+8.3

844, 412
3, 102, 986
705
3,948,103

889, 167
3, 188, 876
722
4, 078, 766

+5.3
+2.8
+2.4
+3.3

918, 717 1,005,177 1, 206, 947 1, 127, 415 1, 128, 636 1,075,226
51,967
66,803
32, 452
44,257
28,991
60, 919

-6.6
-56.6

+4.9
-52.4

4,145,618
198, 220

4,258,256
180, 213

+2.7
-9.1

625, 988
749, 923
724, 454
740, 725
207, 217
227, 279
241, 701
230, 203
46, 119
104,057
45, 960
72, 368
879, 324 1, 086, 483 1, 023, 162 1,027,025

+1.2
-6.0
-55.8
-5.8

+11.1
+5.5
-43.0
+5.3

2, 557, 468
847,647
292,399
3, 697, 514

2, 693, 278
861, 489
290, 581
3, 845, 348

+5.3
+1.6
-0.6
+4.0

Advertising

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—
Wholesale Trade
Delinquent accounts, electrical trade:
Amount
dollars—
Number of
firms
number..
Iron, steel, and heavy hardware: *
Sales index
index number __
Retail Trade *
Installment sales in New England department
stores:
Ratio to total sales
per cent—
BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents)
Policies, new (45 companies) :
Ordinary
number of policies
273, 769
Industrial.. _
number of policies. _ 838, 577
Group
number of contracts
456
Total
number of policies and contracts.. 1, 112, 802
Policies and certificates issued:
Total policies and certificates
number.. 1, 326, 623
Group insurance certificates... certificates.. 214,277
Amount of new insurance (45 companies) :
Ordinary
thous of dolls
813, 479
Industrial
thous. of dolls- 228,008
Group
thous. of dolls- 262, 452
Total insurance
thous. of dolls. _ 1, 303, 939
* See table on p. 26 of the March, 1927, issue for earlier




187, 460
679, 290
192
866, 942

576,642
185,292
94,445
856,379

data.

675, 296
215, 504
80,663
971,463

46
TREND OF BUSINESS MOVEMENTS—Continued
1926

1927

PER CENT INCREASE (+) OR

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 134 of the
February, 1927, "Survey"

February

March

April

March

April

135, 395
45, 920
7,065
188, 380

135, 969
43, 286
4,803
184,058

159, 168
45, 534
5,774
210, 476

149, 993
45,650 !
5,427 ;
201, 070

142, 143
43, 344
4,814
190, 301

139, 123
40, 763
3,240
183, 126

10, 432

10, 529

10, 606

10, 713

9,630

4,587
1,592
2,995

4, 637
1,599
3,038

4, 686
1,604
3, 082

4,016
1,543
2,473

3,987
919
2,173
764
131

4,002
918
2,173
775
136

4,033
921
2,183
792
137

3,825
1,007
2,074
636
108

1,240
715

1,252
715

1,268
726

1,141
648

601, 985
257, 734
133, 912
86, 167
66, 112
58, 060
36, 986

673, 855
293, 294
145, 932
95, 686
77, 258
61, 685
35, 525

836, 995
356, 736
183, 761
121, 369
92, 094
83, 035
42, 883

790, 669
314, 969
177, 861
121, 290
97, 904
78, 645
40, 483

743, 635
301, 053
156, 590
119, 914
94, 449
71, 629
37, 346

-5.8
+0.3
-6.0
-4.5

+7.8
+11.9
+67.5
+9.8

529, 417
163, 155
21, 168
713, 740

1,152
646

879, 049
356, 488
189,106
133, 132
112, 856
87, 467
47, 366

1926

3,846
996
2,091
650
109

1,229
696

Apr.,
1927,
from
Apr.,
1926

4,073
1,552
2,521

3,975
920
2,172
756
127

Apr.,
1927,
from
Mar.,
1927

9,717

4, 532
1,588
2,944

Perct
increase
( }
or t
decrease
(-)
cumulative
1927
from
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

D

beTm"

January

154, 534
73, 947
7,683
236,164

1927

BANKING AND FINANCE— Continued
Life Insurance— Continued
(Association of Life Insurance Presidents')— Con.
Premium collections (45 companies) :
Ordinary
_ -thous. of dolls. .
Industrial
thous. of dolls..
Group
thous. of dolls__
Total
thous. of dolls. _
Admitted life insurance assets (41 companies) :
Grand total
mills, of dolls. .
Mortgage loans —
Total
mills of dolls
Farm
mills of dolls
All other
mills of dolls
Bonds and stocks (book value)—
Total
mills, of dolls..
Government
mills of dolls
Railroad
mills, of dolls..
Public-utility
mills of dolls
Allother
mills, of dolls..
Policy loans and premium
notes
mills of dolls
Other admitted assets
mills, of dolls. .
(Life Insurance Sales Research Bureau)
Sales of ordinary life insurance (81 companies) :
United States total
.thous. of dolls. .
Eastern manuf. district -thous. of dolls. .
Western manuf. district.thous. of dolls. _
Western agric. district. .thous. of dolls..
Southern district..
thous. of dolls..
Far western district
thous. of dolls. .
Canada total, 15 companies— thous. of dolls. _

778, 451
316, 582
173,372
114, 529
93, 904
80, 064
41, 631

+9.7
+10.6
+9.0
+9.8

580, 525
180, 390
23, 069
783, 984

1
i

-7.0
-11.3
-5.7
-5.6
+2.0
-3.6
-2.9

+4.7
+5.2
+10.7
-4.5
-0.6
+11.8
+11.5

2, 747, 718
1, 123, 889
595, 935
423, 147
340, 062
264, 685
146, 480

2, 891, 286
1, 224, 346
636, 977
417, 751
329, 368
282, 844
157, 025

+5.2
+8.9
+6.9
-1.3
-3.1
+6.9
+7.2

-7.2
-1.9
+2.1

+9.2
+4.7
+4.0

117,657
89, 649
5,203

125, 196
91, 845
5,621

+6.4
+2.4
+8.0

-2.6
+0.4
-5.2
+0.8
-0.6
+0.9

-13.6
+3.4
-6.5
+8.6
+3.2
+5.0

0.0
+0.2
+0.3

+2.9
+6.2
+1.7

+1.6

+17.8

+2.8

+17.0

+5.9
+2.0
0.0
0.0
0.0

-0.9
-3.3
+2.6
0.0
-10.0

-0.3

+8.0

-0.4
-2.8
-71.1

-5.6
+6.9
-2.2

196, 841
1, 217, 913

192, 080
1, 184, 814

-2.4
-2.7

1, 187, 831

1, 103, 600

-7.1

209, 278

+42.4

Banking
Debits to individual accounts:
34, 492
29,300
32, 577
32, 007
33, 006
27, 439
31, 258
New York City—
..mills, of dolls..
22, 512
24, 464
24. 028
23, 579
23, 458
20, 781
23, 457
Outside New York City
mills, of dolls..
1,417
1,664
1,293
1,473
1,443
1,251
1,454
Bank clearings (Canada)
mills, of dolls. .
Federal reserve banks:
514
632
444
711
456
435
365
Bills discounted
mills of dolls
1,662
1,656
1,857
1,717
1,711
1,718
Notes in circulation
mills of dolls
1,688
601
562
593
699
602
593
607
Total investments
mills of dolls
2,944
2,954
3,207
2,920
3,144
3,183
3,133
Total reserve
mills of dolls
2,242
2,314
2,323
2,346
2,328
2,290
2,245
Total deposits
mills of dolls
73.4
75.7
79.5
70.1
78.8
78.5
79.6
Reserve ratio
per cent
Federal reserve member banks:
13, 949
14, 569
14, 353
14, 052
14, 297
14, 359
14, 200
Total loans and discounts. -.mills, of dolls..
5,576
5,541
5,662
5,914
5,924
5,495
5,540
Total investments
mills of dolls
12, 829
12, 901
13, 082
12, 904
13, 041
13, 006
12, 879
Net demand deposits
mills of dolls
Brokers' loans, end of month:
To New York Stock
Exchange members
thous. of dolls,. 3, 292, 860 3, 138, 786 3,256,459 3, 289, 781 3, 341, 210 3,000,096 2, 835, 719
By New York F. R. member
banks
thous. of dolls. _ 2, 787, 761 2, 731, 940 2, 813, 045 2, 803, 312 2, 882, 994 2, 573, 051 2, 463, 697
Interest rates:
4.38
4.34
4.59
5.15
4.13
4.10
4.28
New York call loans
per cent..
4.20
4.28
4.38
4.06
3.88
3.98
4.13
Commercial paper 4-6 mos
per cent..
3.90
4.00
4.00
4.00
4.00
4.00
4.00
N Y Fed Res Bank
per cent
5.25
5.25
5.25
5.25
5.25
5.25
5.25
Federal land banks
per cent..
5.00
5.00
4.50
4.50
4.50
4.50
4.50

!

j
j|

Savings Deposits
New York State savings
banks end of month

thous of dolls

3, 862, 801 3, 888, 740 3, 903, 214 3, 973, 202 3, 963, 170 3, 671, 730 3, 668, 819

Public Finances
Government debt gross
mills of do^ls
Customs receipts ..
thous. of dolls..
Total ordinary receipts
thous. of dolls
Expenditures chargeable to
ordinary receipts
thous of dolls
Money in circulation:
Total
mills of dolls
Per capita
dollars
Business Failures
Liabilities (United States) :
Total commercial
thous. of dolls. _
Manufacturing
establishments
thous. of dolls..
Trade establishments. -thous. of dolls..
Agents and brokers
thous. of dolls..
Liabilities (Canada).. _
thous. of dolls..
Firms (United States) :
Total commercial
number
Manufacturing
establishments
number
Trade establishments
number. .
Agents and brokers
number
Firms (Canada)
...number..




19, 075
48, 431
657, 096

19, 170
44, 695
169, 583

19, 153
43, 379
165, 735

19, 008
52, 753
659,116

18, 941
51, 253
190, 380

20, 083
54, 891
657, 621

20, 069
47, 936
194, 713

414, 032

304, 254

158, 506

330, 329

310, 511

466, 240

336, 867

-6.0

-7.8

5,001
43.03

4,713
40.51

4,779
41.03

4,758
40.81

4,784
40.99

4, 806
41.73

4,854
42.11

+0.5
+0.4

-1.4
-2.7

45, 620

51, 290

46, 941

57, 891

53, 156

30, 623

38, 487

-8.2

+38.1

146, 937

16, 758
20, 579
8,282
2,930

19, 996
24, 530
6, 764
2,954

10, 518
23, 406
13, 017
3,213

22, 368
28, 191
7,332
2,019

25, 278
22, 308
5,570
1,557

9,862
18, 623
2,138
2,244

16, 734
19, 094
2,660
3,212

+13.0 +51.1
-20.9 +16.8
-24.0 +109. 4
-22.9 -51.5

53, 502
79, 546
13, 891
10, 796

2, 069

2,465

2,035

2,143

1,968

1,984

1,957

494
1,469
106
204

501
1,842
122
221

411
1,508
116
189

569
1,468
106
188

492
1,342
134
152

469
1,424
91
159

494
1,378
85
153

-8.2

78, 160 +46.1
98, 435 +23.7
32, 683 +135. 3
9,743
-9.8

+0.6

8,038

8,611

+7.1

-0.4
-13.5
-2.6
-8.6
+26.4 +57.6
-0.7
-19.1

1,920
5,780
338
749

1,973
6,160
478
750

+2.8
+6.6
+41.4
+0.1

47

TREND OF BUSINESS MOVEMENTS—Continued
1927

1926

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 26 to 134 of the
February, 1927, "Survey"

December

PER CENT INCREASE (+) OR
DECREASE (— )

1926

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

January

Febru-

March

April

March

April

Apr.,
1927,
from
Mar.,
1927

Apr.,
1927,
from
Apr.,
1926

1926

1927

+11.4

ary

BANKING AND FINANCE— Continued
Dividend and Interest Payments
(For the following month)
Grand total
Dividend payments:
Total
Indus, and misc. corp
Steam railroads
Street railways

thous of dolls

579, 850

242, 350

346, 870

460, 100

322, 706

426, 200

289, 800

-29.9

1, 783, 207

1, 951, 876

+9.5

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

178, 900
73, 000
30, 900
19, 200

87, 350
47, 600
31, 650
8,100

95, 250
55, 500
33, 850

5,900

104, 200
65, 475
27, 550
11, 175

67, 805
34, 150
26, 300

7,350

99, 700
63, 200
26, 175
10, 325

64, 200
32, 500
24, 950

6,750

-34.9
-47.8
-4.5
-34.2

+5.6
+5.1
+5.4
+8.9

505, 435
263, 375
142, 690
47, 670

533, 505
275, 725
150, 250
51, 725

+5.6
+4.7
+5.3
+8.5

thous. of dolls
47, 492
thous. of dolls. _ 429, 304

52, 383
610, 035

74, 670
785, 649

84, 140
494, 373

121, 686521, 496

21, 500
480, 400

83, 100
442, 586

+44.6
+5.5

+46.4
+17.8

133, 372
1, 951, 724

332, 879 +149. 6
2, 411, 553 +23.6

thous. of dolls. _
thous. of dolls

353, 228
76, 076

507, 503
102, 532

540, 588
245, 061

392, 426
101, 947

389, 915
131, 581

443, 232
37, 168

331, 516
HI, 070

-0.6
+29.1

+17.6
+18.5

1, 701, 684
250, 040

1, 830, 432
+7.6
581, 121 +132. 4

thous. of dolls
thous. of dolls..

94, 969
334, 335

108, 511
501, 524

277, 978
507, 671

114, 507
379, 867

101, 403
420, 093

181, 291
299, 109

31, 733
410, 853

-11.4 +219. 6
+10.6 +2.2

510, 916
1, 440, 808

602, 399
1, 809, 155

+17.9
+25.6

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

43, 170
136, 656
78, 624
50, 000
65, 993
54, 861

9,346

131, 872
374, 775
150, 115

57, 830
196, 731
58, 963
79, 500
56, 294
71, 851

95, 366
104, 750
55, 505
48, 923

61, 924
216, 932
51, 100

55, 763
70, 424

89, 716
188, 212
50, 979
31, 500
58, 510
75, 081

31, 930

309, 084
106, 350
68, 588
74, 381
40, 286

-6.6
-35.5
-9.3
+4.5
+15.7 +15.4
9,450 +152. 4 +741. 3
53, 533
-3.8 +5.2
48, 498
-4.3 +48.2

163, 535
710, 262
459, 755
164, 987
209, 682
208, 690

288, 764
1, 068, 802
366, 407
182, 288
244, 948
257, 642

+76.6
+50.5
-20.3
+10.5
+16.8
+23.5

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

2,827

640
1,842
13, 000

5,176
14, 625

13, 894
11, 531
31, 260

1,888
16, 540

50, 575 +113. 7

5,735 +122. 8 +101. 1
-38.2

115, 200
22, 099
78, 150

50, 145
32,547
66, 379

-56.5
+47.3
-15.1

14, 664

14, 734

456, 692
298, 739
5, 475, 717

457, 862
240, 950
2, 261, 847

+0.3
-19.3
-58.7

New Security Issues
Foreign governments
Total corporation
Purpose of issueNew capital
Refunding.
_
Kinds of issueStocks
Bonds and notes
Class of industryRailroads
Public utilities
Industrials
Oil
Land and buildings
Shipping and misc
Bond issues (Canada) :_
Govt. and provincial
Municipal
Corporation..
Tax exempt securities:*
Total outstanding, end of
month _
States and municipalities:
Permanent loans
Temporary loans
New incorporations

4,712

5,460

35, 611
13, 998

7,494

2,700

mills, of dolls

15, 263

15, 332

15, 348

15, 502

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

147, 247
70, 149
851, 660

174, 740
30, 476
739, 730

72, 761
121, 867
942, 925

93, 517
67, 501
307, 744

116, 844
21, 106
271, 448

137,426

5,000

117, 632
117, 553
72, 748
122, 301
748, 505 1, Oil, 931

+24.9
-68.7
-11.8

-0.6
-71.0
-73.2

+0.8
-6.3

+8.2
+4.7

-1.9
-17.8

-5.7
-58.5

+6.0
+3.9
+1.1

+38. 2
+28.3
+11.7

Agricultural Finances
Loans outstanding, end mo.:
Federal farm loan banks. . .thous. of dolls..1, 077, 819 1, 085, 170 1, 097, 642 1, 109, 354 1, 117, 914 1, 027, 361 1, 033, 045
Joint-stock land banks
thous. of dolls. _ 632, 476 639, 651 647, 762 656, Oil 614, 481
587, 169
579, 458
Federal intermediate credit
92,434
banks _ i
thous. of dolls
82, 424
76, 895
93, 013
78, 383
81, 574
83,991.
War finance corporation thous. of dolls..
12,564
5,220
6,815
7,671
7, 310
6,347
13, 089

|

1j

Stocks and Bonds
Stock prices, average daily closing:
25 industrials, average
dolls, per share __
179. 36
25 railroads, average
dolls, per share _.
100. 25
103 stocks, average
dolls, per share. . 117. 43
Southern cotton mill
stocks
dolls, per share..
110. 46
Stock sales:
N. Y. Stock Exchange thous. of shares.. 41, 891
Bond sales:
Miscellaneous
thous. of dolls. _ 299, 088
Liberty- Victory
thous. of dolls. _
25, 403
Total
thous of dolls
324, 491
Bond prices:
Highest-grade rails. p. ct. of par, 4% bond-91.19
Second-grade rails.. p. ct. of par, 4% bond..
82.51
Public utility
p. ct. of par, 4% bond
76.59
Industrial
p. ct. of par, 4% bond..
78.89
Comb, price index. .p. ct. of par, 4% bond..
81.95

175. 39
101. 55
115. 29

181.06

188. 70

105. 66
119. 69

120. 30

106.58

199. 99
110. 74
121. 65

158. 05

87.35

106. 63

144. 70
86. 33
108. 94

.1

109. 72

110. 36

110. 73

111.36

119. 49

117. 79

+0.6

-5.5

34, 757

44, 163

56, 057

49, 636

52,040

30, 224

-11.5

+64.2

156, 814

184, 613

+17.7

326, 065
25, 349
351, 414

282, 405
15, 288
297, 693

313, 565
45, 471
359, 036

290, 520
25, 800
316, 320

247, 061
27, 106
274, 167

269, 232

298, 180

-7.3
-43.3
-11.9

+7.9
-10.9
+6.1

997, 487
103, 672
1, 101, 159

1, 212, 555
111, 908
1, 324, 463

+21.6
+7.9
+20.3

91.97

91.51
83. 29

92.96
83.72

94.74
84.48

88.71

79.65
82.66

79.74
73.22

89.83

76.19

83.19

79.32

77.13

73.69
77.60

80.16

+1.9
+0.9
+0.1
-0.1
+0.6

+5.5
+4.0
+3.4
+2.6
+3.8

+17.4

187, 848

213, 392

+13. 6

+25.8
+6.3

117, 178
31, 663

92, 022
52, 457

-21.5
+65.7

-92.2

-71.1

17, 587

41, 623 +136. 7

11,378 +118. 6
6,235 +297. 9
6,440
—2.0

+59.8
+82.5
-57.8

84, 795
26, 300
27, 091

68, 495
19, 215
21, 102

-19.2
-26.9
-22.1

293, 663
289, 129
-7.2
-9.0
« 2, 384
« 2, 480
112, 539
-11.5 +10.5
101, 296
2,592
25. 521
-53.9 -85.5
4.225
29,047
' See table on p. 23 of the May, 1927, issue for earlier data.

-1.5
+4.0
+11.1
-12.1

83.52
76.66

28,948
81.23

82.52

76.32
79.32
82.23

103. 50

103. 31

103. 37

103. 62

103. 41

102. 61

102. 87

-0.2

+0.5

104.04

104.84
100. 27
4.08

105. 02
100. 71
3.98

104. 74
100. 67
3.95

101. 80
98. 38
4.14

102. 92

100. 14
4.13

105. 23
100. 38
4.08

99.38

4.12

-0.3
0.0
-0.8

+1.8
+1.3
-4.1

+6.3

79.51

76.10

79.58

(For 1st of following month)
5 Liberty bonds
p. ct. of par_.
16 foreign government 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 issue—
Finance construction.. .thous. of dolls..
Real-estate mortgage.. -thous. o,f dolls. _
Acquisitions and
improvements
thous. of dolls..
Kind of structure —
Office and other
commercial
thous. of dolls..
Hotels .
. . .thous. of dolls .
Apartments
thous of dolls

55, 715

67, 960

48, 798

46, 840

49, 794

50, 370

42, 398

32, 805
8,100

36, 767
17, 480

17, 443

11, 900

11,410

25, 912
13, 937

24, 950

20, 603 +117. 7
13, 110 +22.1

4,150

6,663

14, 700

18, 790

1,470

5,230

22, 475

23, 295

18, 708
925

8,315

2,860
2,775

18, 177
11, 380

16, 525

3,780

65, 999
779
22, 309
2.414

73, 822
861
i 16, 382
i 5. 625

4,660
7,670

GOLD AND SILVER
Gold:
Domestic receipts at mint fine ounces.. 88, 307
836
Rand output
thous of ounces
Imports
thous. of dolls
17, 004
ExDorts
thous. of dolls..
7.196
1
8 Cumulative
Revised.




4,050
11,827

80, 777
840
59, 355
14, 890

9,630

through Mar. 31.

2,720

68, 531
14, 493

9,640

8,925
6,075

58, 229
834
43, 413

5,085

75, 336
803
13, 116
17. 884

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 134 of the
February, 1927, "Survey"

GOLD AND SILVER-Continued
Silver:
ProductionUnited States
thous. offineoz__
Canada
thous of fine oz
Mexico _
_ .... thous. of fine oz
Stocks, end of monthUnited States.
thous. offineoz__
Canada
thous. of fine oz_.
Imports
thous. of dolls..
Exports
thous. of dolls __
Price at New York
dolls, per fine oz_.
FOREIGN EXCHANGE RATES
Europe:
England
dolls, per £ sterling..
France
dolls per franc
Italy
dolls, per lire-Belgium
dolls, per franc..
Netherlands
dolls, per guilder. _
Sweden
. . ._ dolls, per krone. Switzerland.
._
dolls, per franc. Asia:
Japan
dolls, per yen..
India
dolls, per rupee
Americas:
Canada
dolls, per Canadian doll .
Argentina
dolls, per gold peso..
Brazil
dolls, per milreis .
Chile
dolls, per paper peso .
U. S. FOREIGN TRADE
Imports
Grand total
,
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
By class of commodities:
Crude materials
thous. of dolls..
Foodstuffs, crude, and
food animals...
thous. of dolls..
Manufactured foodstuffs thous. of dolls. _
Semimanufactures
thous of dolls
Finished manufactures
thous. of dolls..
Exports
Grand total, including
reexports...
.
thous. of dolls..
By grand division:
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 AmericaTotal- _
thous. of dolls..
Argentina
thous of dolls
Asia and OceaniaTotal-.
thous. of dolls..
Japan
_
thous. of dolls..
Africa, total
thous. of dolls..
Total domestic exports only
thous. of dolls..
By classes of commodities:
Crude materials _
thous. of dolls..
Foodstuffs, crude, and
food animals
thous. of dolls
Manufactured foodstuffs... thous. of dolls..
Semimanufactures
thous . of dolls _ .
Finished manufactures
thous, of dolls..
Agricultural exports (quantities) :
All commodities
index number
All commodities except
cotton
- index number
CANADIAN FOREIGN TRADE
Total trade:
Imports
thous. of dolls
Exports
thous. of dolls




Decem- January
ber

February

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

March

April

March

April

Apr.,
1927,
from
Mar.,
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Apr.,
1927,
from
Apr.,
1926

Per ct.
increase
( }
or t
decrease
(-)
cumulative
1927
from
1926

1926

1927

20, 330
6,055

19, 589
6,529

-3.6
+7.8

26, 487
33, 460

17, 147
26, 519

-35.3
-20.7

1, 644, 869

1, 422, 334

-13.5

5,637
1,639
9,352

5,196
1,459
8,559

4,979
1,733

i 5, 104
i 1, 525

4,310
1,812

5,171
1,920
9,192

4,954
1,373
8,839

326
941
4,430
5,610
.535

700
1,300
5,151
7,388
.558

207
391
3,849
6,233
.579

212
1,023
i 4, 308
1 6, 077
.553

602
723
3,839
6,821
.564

395
648
5,539
8,333
.659

336
961
6,322
7,612
.644

4.85
.040
.044
.139
.400
.267
.193

4.85
.040
.043
.139
.400
.267
.193

4.85
.039
.043
.139
.400
.267
.192

4.85
.039
.045
.139
.400
.268
.192

4.86
.039
.050
.139
.400
.268
.192

4.86
.036
.040
.042
.401
.268
.193

4.86
.034
.040
.037
.402
.268
.193

.489
.361

.488
.364

.488
.363

.491
.363

.484
.361

.454
.366

.466
.362

-1.4
-0.6

+3.9
-0.3

.999
.933
.119
.120

.998
.939
.117
.120

.998
.947
.118
.120

.999
.960
.119
.120

1.001
.962
.118
.120

.996
.903
.145
.121

1.000
.908
.140
.121

+0.2
+0.2
-0.8
0.0

+0,1
+5.9
-15.7
-0.8

359, 462

356, 840

310, 877

379, 170

375,447

442, 899

397, 912

-1.0

-5.6

112, 853
14, 595
16, 528
9,648
32,644

100, 619
12, 572
15, 586
9,011
21, 529

91, 399
14, 195
13, 246
6,723
25, 763

113, 474
14,067
16, 367
8,735
33, 860

116, 893
14,497
18, 259
8,959
37, 105

104, 808
11,648
17, 101
7,639
33, 271

8333,001
5 39, 385
5 50, 932
5 24, 288
8 108, 989

6 305, 492
840,834
8 45, 199
8 24, 469
8 81, 152

-8.3
+3.7
-11.3
+0.7
-25.5

81,229
41, 897

72, 396
37, 917

79,946
31,972

90, 934
38, 995

97, 531
40, 343

90,929
38, 434

« 258, 126
8 113, 067

« 243, 276
8 108, 884

-5.8
-3.7

48, 078
5,309

45, 053
7,547

44,087
6,700

47, 437
8,380

63, 591
12, 677

51, 247
8,027

6168,419
s 29, 766

8 136, 577
8 22, 027

-18.9
-26.0

109, 703
35, 155
7,486

128, 253
36, 854
10, 790

88,981
23,264
6,453

115, 668
33, 867
11, 787

153, 247
22,901
11, 638

139, 864
32, 309
11, 115

s 447, 798
6 96, 325
8 39, 615

8 332, 902
693,985
6 29, 030

-25.7
-2.4
—26.7

138,489

153, 157

114, 815

151, 255

153, 039

49, 388
31,809
64, 544
75, 109

44, 089
26, 960
66, 018
66, 887

42,804
39, 794
52, 131
61, 322

43,061
46, 989
64, 597
73, 396

43,046
46, 810
64, 514
68, 038

51, 103
40, 152
75, 202
78, 667

47, 122
i 39, 248
i 70, 475
i 76, 171

465, 369

419, 393

372, 682

408, 844

415, 212

374, 406

i 387, 973

249, 377
27, 773
50, 772
17, 193
104, 578

211, 521
20, 301
40, 258
13, 238
89, 818

174, 827
13, 507
35, 762
9,881
70, 466

187, 335
17, 269
36, 979
10, 317
72, 691

164, 383
24, 000
21, 116
12, 260
67, 941

90, 491
55, 177

88,049
50, 717

87, 250
53,984

101, 061
65, 947

43, 318
14, 116

44, 721
15, 355

31,995
10, 526

73, 821
28, 175
8,046
456, 111

66,045
22, 700
9,670
412, 246

159, 934

-15.6
-13.0
+18.8 +32.0

+184.0
-29.3
-10.9
+12.2
+2.0

+79.2
-24.8
-39.3
-10.4
-12.4

+0.2
0.0
0.0 +14.7
+11.1 +25.0
0.0
0.0 -0.5
0.0
0.0
0.0 -0.5

-7.2

736, 571

572, 266

-22.3

0.0 -8.6
-0.4 +19.3
-0.1 -8.5
-7.3 -10.7

188,969
144, 252
289, 637
285, 441

173,000
160, 553
247, 260
269, 643

-8.5
+11.3
-14.6
-5.6

+7.0

1, 512, 120

1, 616, 131

+6.9

175, 732
21, 924
21, 345
14, 811
70, 614

• 536, 165
675,459
8 68, 833
« 39, 465
5 225, 934

8 573, 683
6 51, 077
8112,999
8 33, 436
8 232, 975

+7.0
-32.3
+64.2
-15.3
+3.1

100, 565
62,450

99, 272
56, 746

6 267, 885
8 155, 831

8 276, 360
6 170, 648

+3.2
+9.5

38, 399
12, 577

35, 412
11, 878

37, 181
10, 878

6 108, 455
« 37, 701

8 115, 115
8 38, 458

+6.1
+2.0

70, 855
22, 395
7,751
364, 625

74, 049
28, 623
8,000
398, 041

404, 843

65, 755
22, 251
8,292
364, 922

66,460
21,000
9,226
379, 299

+1.7

+6.7

8 188, 017
8 64, 233
623,626
1, 477, 774

8 210, 949
« 73, 718
8 25, 421
1, 579, 755

+12.2
+14.8
+7.6
+7.0

122, 501

102, 806

107,412

85, 926

82, 959

i 80, 499

-20.0

+6.7

27,041
47,964
62,643
158,529

24, 406
41, 136
61, 355
162, 848

18, 760
38, 523
53, 196
151, 340

19, 978
37, 187
57, 972
175, 492

31, 514
39, 190
59, 576
188, 637

15, 596
40, 516
53, 527
172, 324

i 14, 569
i 38, 166
i 57, 884
i 188, 181

188

150

130

139

128

87

86

150

140

116

116

140

108

107

74, 707
79, 803

110,617
107, 218

74,298
78,404

100,934
114, 007

67, 801
60,915

81, 775
139, 808

78, 806 !
85, 266

* Revised.

197, 775 i 164, 896

+1.2

+1.6

366, 698

418, 645

+14.2

+57.7 +116. 3
+5.4* +2.5
+2.8 +2.9
+7.5 +0.2

58, 182
168, 311
211, 177
673, 406

94,658
156,036
232, 099
678, 317

+62.7
-7.3
+9.9
+0.7

-32.8 +9.6
-26.9 +28.7

309, 380
349, 569

338, 428
350, 691

+9.4
+0.3

* Cumulative through Mar. 31.

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Trade Information BuBetiii No, 47%^
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Foreign Markets for Miscellaneous Leather Goods.—Trade
^j^ery brldf reports ^b^'^ve^s
C^paa^i^ts dt Cbmmerce.and State. > j




announcement an d
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OF COMMERCE
Commerce
Solicitor

icensing
n of aecV
^rts; ;fostfesag t^.air
, ki 1iefoaaBties| jteel disseinina-

^ - B^se^rc^oii iieliiini and qperalabn olplanta producing it.
Studies in ;t&e economics jwxd maf ketlng jof mii^rals and <«>lr
leefiofi-ef statistics on mineral resotircei and^mine accidents.
^le^lss^ianatlon of results of teeimieal ^nd economic
researches ^ia bulletins, 1«ehni0al papers, mineral .re
cureiilfes, and miscellaneous publieatknas.

OF FISHERIES
Commissioner
and <^rfbaiioa of food fish and
pretint^he (Jeple^oa of the^fisherie^ iaTes|igation§
sonservatioii. of fisfeery ^esojaraes; the developuaent of ^on£plerdlal fialeries and agricultute? study of tf^hary
mei^odB;" feoaprqy^ttetits in taeJehandismg ^nd 4<dle^Moa of
feherjr f f a^sMcij[ admiiiistTaiacm"^ ot Alaska fisheries and far
seala; and the protection of sponges off the ©dast of Slorida,
,
to

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JL P0i!NjbM, ComtnissioBer
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Maintenance of JightEouses aad othet
to prater navigation. Estat>3ishment and maiiitenance
light Bists,. Buoy List?, and :p$foes to Mariar<fisg these, ^d« to navigation.

IC^AST AND <JEOBEflG
^^tey ©f:^£^ coasts of the United ^feites and publication df
charts for^ilie^nam^tion t>f.41e swiiaee^t ^waters, iiicluding
Ma&a,-tlie Jhfiippine Inlands, Hawaii, Borto Bieo, thV Vlr^ii
" S tte (^nal^one; interior, ebntrol «uTvey45; magj 1^e and curr^it observations; and
tfeniof results through eharts,
special pubHcatlonsi

eoB^
a prdduets ^1foB|i^ #duitteade 4(S^!^%et% and.
throi^^e^
uIa^, &$'&&

,^de tables,

OF NAVIGATION
, Commissioner.

:

of .registering, enrolling:, HcenWSr, numbering,
si un(fep,the IJnited ^ates flag, aad the annuft
, a list of such vessels.
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: Enforcement of: ihe aayigatiofi andv steamboat inspection
s,fines,ionn%b ta^es, etc. .

and

INSPECTION SERVICE
:^T^NDA*l>S-x;r.^

teegipssi? N.^oovBBjSu^vimaglasj^etQr Gjefieral
, 3$fe in^ecti&ti ojf merchant vessels, !acludisg: boilers, hulls,
and life-saving equipment, Mgeasiag^of officers of vessels, certification of able seamen and lifeboat men, and the investigation
of yiolaU^s of steamboat inspeetion fewa, ^
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?^fu^Kdaeatal1«elS^efi^^,r
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llUliED SPATES PATENT 0FKLCE

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^ 3Sie^antlnf of pi^nts and!the,Tegisti:atioa of trade-marks,
^prmts; aindJabefa afte? technieal exananatioii ana judicial prov
ceedings.
;
;. MitetfinaBc0;0f library 3«dth^ pubUc search rooni^ containing
copef ol^ foreign *&& IJhited States patents lad tr^dermarks,
Recording bills of sale, assignments, etc., relating to patents
l£nd trade-marks. ^ Furnishing copies ol records ^rtainiag 4c
-patea^.
.:^ ^ ~ ^ ' _
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- .^^ ^ - i - .- ,; 'i FutKca^oa 6f t^ie weekly Official Gazette, sMwing the patents and trade-marks issued. ~
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r
htazards
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- RAMO
W. p*^BBBM*, Chief -;"v !.

stations oa s^ps; inspection of ra^b &$ations on shorer including broadcasting stations; licenaing radi(
statioa
,7— -^^.and settficg international radio accounts.