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UNITED STATES DEPARTMENT OF COMMERCE

SURVEY OF
CURRENT BUSINESS
C O M P I L E D BY

B U R E A U OF THE C E N S U S
IN COOPERATION WITH

BUREAU OF FOREIGN AND D O M E S T I C C O M M E R C E AND B U R E A U OF STANDARDS

WASHINGTON

No. 82

June, 1928

CONTENTS
INDEX BY SUBJECTS

SUMMARIES

Page

Preliminary summary for May
1
Business conditions in April
4
Business indicators (table and charts)
2, 3
Wholesale prices (table and charts)
5, 6, 7
Indexes of business (production, prices, sales, etc.)
15
Automobiles, building, mining, manufacturing, electric
power, and transportation (charts)
8
NEW DETAILED

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 and tobacco
Transportation and public utilities
Employment and wages
Distribution movement (trade, advertising, etc.),
Banking and finance
Foreign exchange and trade, gold and silver

TABLES

Debits to individual accounts at clearing-house centers...
Interest rates, New York market
Monetary gold stocks and money in circulation (revised).
Production of electric power by groups
Potash salts, France and Germany
Air mail, weight dispatched
Wholesale prices by state of manufacture
Wholesale price, straits tin
Corn sirup and starch, distribution

18
21
22
22
22
22
23
23
23

rt
;e
9
10
11
11
11
11
12
12
12
12
13
14
5
14
14
14

Table
page
24
26
30
29,31
31
32
34
34
36
37
39
42
44
45
45
47

PRELIMINARY SUMMARY FOR MAY
Prices for stocks again reached a new high record
during the month, while bond prices, reflecting higher
interest rates, exhibited a tendency to decline. Interest rates on call loans averaged higher than in either
the previous month or the corresponding period of
1927, while brokers' loans increased during the month
to the highest point for all time. The Federal reserve
ratio continued to decline, while rediscount rates were
generally raised. Business failures were larger in
number than in either the previous month or April of
last year.
The output of lumber was running smaller than in
either the preceding month or May of last year, but
bituminous-coal production was higher than in April and
showed but little change from May of last year. Car
loadings of freight were running higher than in April
but were still below the level of a year ago. Petroleum
production continued to decline from both the preceding
month and the corresponding month of 1927.

Business during the early weeks of May, as reflected
by the volume of checks passing through the banks for
payment, was larger than during the corresponding
period of 1927. The volume of new building contracts
awarded was running higher also than a year ago.
Operations in steel plants, although slightly lower
than in the previous month, recorded higher activity
than in May of last year. Factory employment in
Detroit, reflecting conditions in the automobile industry, was greater than in either the previous month of
May, 1927. Loans and discounts of Federal reserve
member banks reached a new high point during the
month, while interest rates continued to rise.
The general level of wholesale prices showed but little
change from the preceding month but was higher than
a year ago. Prices for iron and steel were weaker
than in the preceding month or May of last year, while
prices for copper, cotton, and wheat were higher than
in either period.
106764—28

1




(1)

MONTHLY BUSINESS INDICATORS, 1920-1928
[Ratio charts—see explanations on inside front cover. The curves on check payments, wholesale trade, sales of mail-order houses and 10-cent chains, and department stor<
have been adjusted for normal seasonal variations, and that on manufacturing production for the varying number of working davs in the month]

,1 1923 I 1924 I 1825 ! 1926 | 8927 1 1928




{923

| S924

1923 I 1924

| 1925

| 1926

1927

I 1928

MONTHLY BUSINESS INDICATORS
The principal business indicators are shown below, all calculated on a comparable basis, the average for the years 1923 to 1925,
inclusive. Thus the table gives a bird's-eye view of the business situation in a concise form, so that trends of the principal indicators
may be seen at a glance.
Certain indicators, in which there is a marked seasonal movement, are shown with the average seasonal variations eliminated,
as noted below. In this manner a more understanding month-to-month comparison may be made.

1923 | 1S24 j 1925

1928

1927

MONTHLY AVERAGE
1928 | 1927 Feb. i Mar. Apr. May

June July | Aug. Sept. Oct. j Nov. | Dec.

Jan.

Feb. Mar. Apr

103.4
93.2 88.6
95.9 90.5 91. S
66.5 40.7 40.
138.2 116.3 96.5
101.5 94.4 82.9
105. S
119.4
88. C
103.7

88.7
96.1
115.4
70.2
78.6
79.6
113.5
95.2

109.0
97.1
117.0
98.1
70.8
90.6
111.8
102.0

127.6
107.8
157.1
95.7
102.6
120.2
93.3
103.2

97.1
101.0
94.6
83.1
99.5
117.8
101.5
103.8

90. 8! 94. 5 81.9
98. 2i 104.6 102. 2J
84.7! 84.1 61. OJ
89.11 93.1 94.3
94. OJ 100.4 93.2
110.9! 122.2 117.5
94.9; 100.9 73.9
102.21 106.6 105.0

1925 monthly average=10Q
Manufacturing production:
t Total
Pig iron
Steel ingots
Automobiles
Cement
Lumber (5 species)
Cotton (consumption)
Wool (consumption)

|
I
j
j
|
i
j
j

Raw material output:

\

Total
Animal products
Crops
Forest products
Minerals (all)
Crude petroleum
Bituminous coal
Copper

j
|
I
I
i
I
| Power and construction:
i
Electric power
I
Building contracts (37 States)
I
;

Unfilled orders:
General index
U. S. Steel Corporation

Stocks:
* General index
* Miiiifd. commodities (28)
;
Cotton
!
Copper (refined)

94.3!
86.7;
88.7!
90.9!
99.!
96.2
89. ?|
94.6J

103.8;
101.5!
106. 4 j
107.71
108.1
105.2
104.4
92.6

106.9
109.0
113.1
108.5
110.0
101. 5
108.5
89.7

104.5 108.4! 114.3! 113.4 116.0! 113.4 107.6
101.0 98.4| 116.6 114.5 113. si 103.4 98.8
104.6 110. 3J 131.2 119.4 117.1 101.1 92.7
85.7 92.3J 119.5j 122.6 122.4 97.5 81.3
115.3 59.4 92.1 HS.Oi 134.4 138.6 140.1
94.9 86.01 91.6 91. Oi 101.9
96. 6
120.3 115.0 135.3! 120.6J 123.3 129.1 110.9
97.0 97.0 114.5 92.81 93.6 95.0 84.1

107.6
98.6
101.2
93.5
147.4
107. 5
123.4
98.1

105.0
92.
94.6
78.9
140.8
105.8
122.2
101.6

102.4!
101. i j
107.0!
97.51
96. 5J
96.91
92.5|
100.2J
j
|
i
j 92. 5j 98. l!
!
89. 7j 92.7:

99.9
97.8
100.8
103.4
98. 9J
103. 7|
99.5J
106.4|
i

104.0
9i
106.2
97.5
107.4
104.6
109.7
110.2

106.8 92.9 96.9 82.9 91.1
101.2 85.4 102.0 102.7 116.1
112.5 93.2 84. 7 61.0 63.1
94.7 84.3 92.2J 94.2 103.4
107.2 104.4 115.3! 96.7 108.2
121.4 110. 6| 122.71 118.2 124.2
99.4 121.41 138.1! 79.6 81.2
104.9
105. l! 107.8 108.6

113.8
97.6
124.4
103.3
115.1
127.1
95.7
102.0

138.1 j 154.4
94. OJ 102.4
185.5 215.8
101.6 98.0
109.5i 113.7
122.3
96.21 101.0
100.0 106.1

|
_.!
_|
|
j
|
j
I
!

I
|
; 88.9J
;
86.6;
i 102.5?
106.4!

90.2
97.7
76.3
94.3
103.0
127.6
77.2
99.4

107.7
106.0
115.8
87.
98. G
120.7
94.8
101.9

91.3 84.6J 74.0
SO.GI 82.11 71.1

81.5| 81.2; 77.2! 74.3| 72.2! 72. l| 71.5| 69.9
75.3! 74.4j 72.4J 63.9! 63.9J 65.8! 66.9J 65.9

102.2 108.9; 129. 5j 139.6 142.6! 136.1 129.1! 134.6
104.1 108. 6 i 109. 41 120.0 115.6! 115.1; 115.5J 118.0
91.4 108. 2! 145. 5J 153.2 196.2! 172. l! 148.2! 124. oj
113.9 73.1J 64.8J 85.4 93.1! 91. l! 87.7! 95.5

106.6! 96.3
97. HJ
99,7J
97.6!
98. l!

:

97.2

98,0! 94.3

eV.O

97.4

94.9 92.0 91.3
95.4 95.0 93.7;
103.6 104.2: 102.9
99.9 100.5. 99.9

97.1!
97.2
97.6
99.9

106.6:
102.6
104.9!
102.3

98. 6 j
99. l|
107. 6j
102.3!

91.2: 96.7
.101.0! 98.0
OS. GI 69.0
12.0! 98.0.
S8. 0| 89.0
97.8J 93.1
91.51 100.8

111.9
101.0
103.0'
110.0
113. C
109.0;
107.8!

119. 6J 132. 5
9S. 0; 95.0
ICG. OJ 106.0
115. OJ 120.0
125.0; 138.0
114.3; 107.9
105.5; 106.8J

j 99.8
.! 102.2

114.2
106.6
124.5
124.2
108.4

113.3 102.3
98.7 82.0

131.6 129.5 129.2 133.5 131.7 138.2! 137.1 143.8 144.9 137.0 144.2 136.5j
109.5 122.6 133.3 123.0
117.6! 111.0 106.8 82.6 132. 4i 126.0 111.6| 118.61 102.4 110.1 101.9 115.o! 106.2! 95.2 96.0 103.7! 132.7 142.4J

132.3,
95.0
106.0
112.0;
133.0
96.2!
98.2J

132.8|
116. 9^
100. s|
85.1

141.4:
121.3.
85.8!
92.2^

152.7 145. 8j
127.9! 127.9!
87. 6J 135.2!
82.7! 76.4!

67.0| 67. l| 71.
70. Oi 72.4! 83.
140.1!
125.2
179.8!
74.1!

140.9!
120. 9J
200. 0|
80.3|

81.2! 81.6
89.5 92. 1

80.3
90.8

t Adjusted for cumber of working days.

96.6| 65.6i 95.0

93. i j 93.2: 93.8

93,4

91.61 C

94.2
93.0;
106.21
100.5

94.2j
63.3!
102.9!
98.7

95.7;
94.4,
101.6!
98.7!

101.4|
95.6!
102.9
99.3i

100.71
96. l|
104. 3i
99.9!

99.31
95.8J
104.9!
99.9:

136.6! 134.3!
96.0! 64.0!
105.0 105.0!
117.0 113.0!
128. O! 137. OJ
117. l! 116.3!
107.7J 109.4J

127. 7j
95. OJ
103.0!
118.0!
132. OJ
107.3
103.5

129.7
93.0
104.0!
121.0
135.0
109.91
94.0J

127.8
95.0|
103.0;
127. Oj
139. O!
98.9\
90.1J

137.6!
100.0!
111. OJ
133.0|
140.0!
114.2
98.?!

141. 0;
66.0|
109,0
122.0
141.0
105.9
112.0

130.7'
91.0|
105.0!
117.0!
144. OJ
110.1!
128.7

132.1| 136.6
05.0 93.0
107.0! 111.0
118. O1 1280
140. 0! 147.0
1GS. 6J 102.5
121.4! 107.4

101.3! 95.21 96.8
86. 1; 108.8! 102'6 102'7
99.4! 107.5 103.1! 102.9 112.5! 115.1 122.1! 99.8 92,7
114.6
95.2
103.
111.9
158.31
159.8
125.4

116.7!
95.9
99.5
112.1
162.4
167.6
89.1

117.5
95.9
100.5
111.2!
165.3!
168.8
81.3

115.7
94.5
103.2
111.4
167.3
177.3
101.8

117.3
90.6
101.4
112.9
167.9
183.7
92.4

119.3 120.0
92.2
96.4
113.4 114.4
171.5 168.5
193.9 186.4
77.3 85.5

121.4
91.0
92 2
114.9
171.6
190.0
85.3

* Seasonal adjustments.

89.8.1 91.2

99.3! 97.8:
S
95.9 95.4! 95.oi
104.2 103.6J 101.3;
99.9 99.2 98.4 :

91. 3!
92. Pi
103 6!
99.9!

114.6!
92.9!
102.1!
111.2!
152.4!
150. 8J
136.5

73.7!
81.11

139.3 137.0! 144.4 137.1 135. 7j
116.9 126. si 125.2; 122.3 121.71
195.8 178.8 159. l! 135.7 117.8!
84.2 85. 2 76. 8! 77.1 64.4:

90.6
92.9'
102.9:
99.9

97.6 102.8 106. Sj 104.0 107.8! 135-3
95.9; 101.9 109.11 101.5 99. S 112.1

Finance:
Member bank loans and discounts. 94.1 98.5; 107.4 112. 9| 117.3 114. l!
Interest rate (commercial paper).. 115.9 90.8 93.4 98. 5J 93.1 89. 9j
Federal reserve ratio
99.0 104.1 96.9 96. OJ 99.1 101. 71
Price, corporation bonds
96.4 99.9! 103.6 108. OJ 112.5 110.6J
Price, railroad stocks
86.0 96.l' H7.9 133.4! 162.7 151. i j
Price, industrial stocks.._
__ 86.1 91.9! 122. o| 132.4: 171.4 144. 7|
Failures (liabilities)
_
106.0 106.8! 87.21 80.4 102.3 110.7!




88.1
107.3
62.6
101.6
107.6
121.4
84.1
105.4

111.3
107.1
130.4
125.2
82,3

i

Prices:
Farm products, to producers
Wholesale, all commodities
Retail food
Cost ofliving (including food)

Transportation:
* Car loadings
Freight, net ton-miles...

97.
101.0
92.2
99.2
104.5
99.4
108.0
93.4

'
I
; 121, 7{ 87.0
| 125, Sj 83.6

Employment:
Factories

Distribution (values):
* Bank debits, 141 cities
* Wholesale trade
* Department stores, sales
* Mail-order houses, sales
* 10-cent chains, sales
Imports
Exports

102.31
111.?!
104.8J
101.5;
92. l!
98.6
105. 9|
112.8;

123.2
92.2
86. 5
115.6
171.1
193.7
120.9

142.1:
95.1
105.0|
113.0
140.0
104. G!
108.2

149.6;
97.0
105.0J
116.0j
142.0!
108. 7J
97. 8J

i

91.8

91.4!

99.3 101.4!
95.1 96.5;
101.2 101.6!
98.1 97. 9J
164.8
92.8
105.0
113.0
142.0
117.
110.8

161.5
89.3 i
103. 0
117.0
147.0
106.8
96.9

98.0 101.8! 129.0
97.2 95. 7j 105.8
121.9
90.1
95.5
115.9
169.1
193.5
112.3

120.9!
93. 6
96. OJ
115.8!
164. 7|
191.21
106. 3|

123.3
97.3
95. 6
115.7
170.1
204.8
129.3

127.3
100.1
90.9
115.9
176.0
210.4
82.5

BUSINESS CONDITIONS IN APRIL
PRODUCTION

SALES

The production of raw materials in April was
smaller than in either the previous month or April
of last year. Manufacturing output, after adjustments for differences in working time, however,
showed increases over both prior periods. Chemicals
and oils and stone and clay products increased in
production over March, all other groups showing
declines, if no allowance for differences in working
time were made. Contrasted with a year ago, the
unadjusted index showed larger output of foodstuffs,

The index of unfilled orders for manufactured commodities declined from the previous month but gained
over last year. All groups showed declines from
March, while iron and steel alone had larger unfilled
orders than at the end of April than last year.
Wholesale trade was smaller in April than in March,
recording a decline also from a year ago. As compared
with both the preceding month and April of last year,
all lines of wholesale trade showed declines, except meats
and drugs, which registered larger sales volumes than in

PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
1923-1925 monthly average=lGO. Adjustment has been made for the seasonal movement of stocks and relative number of working days for production.
are principally those of iron, steel, building materials, and textiles. April, 1928, is latest month plotted]

Unfilled orders

140

1923

1924

1925

iron and steel, lumber, and chemicals and oils, other
groups declining.
COMMODITY STOCKS

Stocks of commodities held at the end of April,
after adjustment for seasonal variations, were smaller
than at the end of the previous month, but larger
than a year ago. Compared with March, declines in
the holdings of raw materials other than foodstuffs
and manufactured commodities more than offset
increases in the holdings of foodstuffs, both raw and
manufactured. Contrasted with a year ago, all groups
showed larger holdings except raw materials other
than foodstuffs.




1926

1927

1928

April, 1927. Retail trade in April, as measured by department store sales, after adjustments for seasonal variations, showed declines from both the preceding month
and April of last year. Merchandise stocks held by
department stores at the end of April, although greater
than at the end of the preceding month, were smaller
than a year ago. Sales by mail-order houses were also
lower in volume than in either the preceding month or
April, 1927, but 10-pent chain store business, although
showing no change from a year ago, recorded an advance
over the previous month. Sales by grocery, drug and
cigar chains were lower than in March, but as compared with a year ago, grocery and drug chains
showed larger business, while cigar chains recorded
a decline. Shoe and candy chains showed larger
business than in March but declined from last year.

PRICES

The general index of wholesale prices recorded an
advance over the previous month and over April of
last year. Compared with March the principal
increases occurred in prices for farm products, foods,
hides and leather products, and building materials,
the remaining groups either showing no change or
declining. Contrasted with a year ago, increased
prices for farm products, hides and leather products,
foods, and textile products were more than sufficient
to offset declines in fuel and lighting, building materials,
chemicals, and sundry miscellaneous items.
The index of prices received by farmers for their
produce also showed gains over both the preceding

paper and printing, and tobacco factories were more
than sufficient to offset increased employment in
lumber, stone, clay and glass, nonferrous metal, and
vehicle factories. Contrasted with a year ago, employment was lower in all groups, with the greatest
declines occurring in iron and steel, stone, clay and
glass, leather and textile factories. Factory pay-roll
payments in April were likewise smaller than in
March, registering declines as well from April, 1927.
Smaller pay-roll payments than in March were recorded in all industrial groups except lumber, stone,
clay and glass, nonferrous metals, and vehicles, while
as compared with last year all groups showed smaller
payments, with the greatest declines occurring in
leather, textiles and stone, clay and glass.

WHOLESALE PRICE COMPARISONS, BY GROUPS
[April, 1928, is latest month plotted, 1926 monthly average=100]
120

•.;<-METALS. AND METAL PRODUCTS

80

month and April of last year. Compared with the
previous month, all groups showed higher prices
except dairy and poultry products and certain unclassified items, while as contrasted with April, 1927,
all groups showed higher prices except meat animals.
Retail food costs were higher than in March but
lower than a year ago, but the general index of cost
of living, despite the increase in food costs, showed
no change from the previous month, because of declines in prices for clothing, fuel, and shelter. As
compared with a year ago, the cost of living was lower,
all items showing declines from April, 1927.
EMPLOYMENT

The general index of factory employment in April
was lower than in March, reporting a decline also
from April, 1927. As compared with March, declines

in the number
http://fraser.stlouisfed.org/ of employees in food, textile, leather,
Federal Reserve Bank of St. Louis

Reports from the American Federation of Labor
show 16 per cent of union members in representative
cities out of employment in April, compared with
18 per cent reported for March. Preliminary figures
for May show a still further decline. Voluntary quits
of factory labor in April were greater than in March,
but lower than a year ago. Industrial lay-offs were
greater than in the previous month but declined from
April of last year. Industrial accessions during April
showed a gain over the preceding month but were
lower than in the corresponding period of 1927. Wages
of common labor averaged higher than in either the
previous month or April of last year. The number of
applicants per job at employment agencies declined
from March but were larger than in April a year
earlier. Employment in anthracite mines, although
showing a gain over the previous month, was lower
than a year ago, while pay-roll payments in anthracite
mines showed declines from both periods.

6

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
[Relative numbers, 1926 monthly average taken as 100. April, 1928, is latest month plotted. Data from which these charts are drawn are given on the opposite page]

WHEAT, WINTER

160
!40 —
120

-

ISO

"J"t"

F^f

/
.

CATTLE .STEERS

^^
^*

^

120

-

^

••

%

'

—I—

•X^— —

i

•

i

-.|..|....T-f.|..t..J.-

—

1
HOGS,

rf

HEAVY

_

~

|

i

r

-

-

HAMS, SMOKED

" r

-|-r-y^—

—

""
^fc.

*•«
,.•

***

-

——

•Mft

If.

i

100

«

.
.

^

J

r

80

J_

r>
*•
,,»*•»

B**a,

60
SUGAR, RAW

SUGAR,

120

x

—

_

BEEF, CARCASS

_

i

X^

^•.j..,..,...

.-

—r-

;

140

-

1

S_k.— __

Xs

.„

*&

ISO

OATS

i

———

—

rff '-Lj' 8 ]*" •• ..,

80

CORN, NO. 2

I

_

/

soo

FLOUR, WINTER

-J

GRANULATED

r'

-l-i.

,4"

•.

*.,

•BSR

COTTONSEED OIL

•l-l-i

RUBBER, CRUDE

^

1

—

-.}...

...

100
J

•V

80

^#

\"
1

60
COTTON YARN

COTTON, RAW

"

-

..
.

••

•,(

^

COTTON PRINT CLOTH

100

—

••

«•**

^

•''

^

•*
09

> •• *
WORSTED YARNS

190

.

an otf ESS!
••'

.• ••

•*

••

».
..
.

!s»Sasa

•*

..j..

**

S,0>

.» •'

160

^•*

'..

100

•^—

.•

•

***
... ...

,4-j

.*

* *

-

X~

.•

B «
H

. >•
.

••'

„_

PETROLEUM

LEATHER, CHROME CALF

—

« •nan
n

100

1

PK:

J20

_

..

.-

60

i

COKE

BITUMINOUS COAL
j

-x

•*

».
.
.

S40

COMBING

••

70
ISO

.••r

••

LEATHER, SOLE, OAK

__ -

130

"•

.8 4 ao

OBBI ef*
•.,

'* *

HIDES, PACKERS

SILK, RAW

i

;i

WOOL, % BLOOD

140
120

_

IRON , Fou ND RY

^

BBl

C OP PEF^ ! NG OT S

TIN

2 IN(
!

100

T*

80
—^

60
STEEL BEAMS

120

300

*v* ***

80

CEMENT

LUMBER, PINE, FLOORING

BRICK, COMMON,

...

—
• •.

»a

"•.

4 »

*•
60

i g iii I H 1 § li i i 1 1 i 1 )

2




]

3
a

O

2
<

^

uj
v>

192 /„,,.

f-'

o
o

>

o
Z

CS

ia
Q

ij I s 1 1 \i i § i i i i 1 i 1 1 i 1 1 i i §

;

<

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department oj Agriculture, Bureau of Agricultural Economics, nonferrous metals
from the Engineering and Minino Journal-Press, exoept tin, which is from the American Metal Market. All other prices are from U. S. Department of Labor, Bureau of
Lfibor Statistics. So far as possible all quotations represent prices to producer or at mill.
;|

i

RELATIVE PBICB
i

,

!

(dollars)

'

!

Unit

COMMODITIES

ACTUAL PRICE

1926 averag8*=100

!

March,
1923

April,
1923

April,
1928

March, i April,
1927 ; 1927

FARM PRODUCTS—AVERAGE PEJCE TO PRODUCER
Wheat
Corn
Potatoes
Cotton
Cottonseed
Cattle, bpof
Hogs
Lambs

...

Bushel
i Bushel....
i Bushel
! Pound
,_
Ton
Pound
.
Pound
Pound

.

- - - -

_.

1. 216
. 862 i
1.132
.178
37. 77
.0881
.0748
. 1231

1. 292
.919
1. 168
. 187
39. 40
.0892
. 0775
. 1271

1. 17'J
.Gob
1. 208
1.23
25. 80
.0713
.1041
. 1197

Bushel
Bushel
1 Bushel
Bushel....
Bushel
Bushel . .
Cwt
i Pound ._
Pound
Cwt
Cwt .
Cwt
Cwt . _.

1. 315
1. 619
.991
i
.607
i
.991
1. 202
i
'
12.467
. 195
.52
13. 719
7. 825
8. 406
15. 375

1.417
1.812
1.033
.646
1.011
1. 266
12. 735
. 203
.53
13. 340
9.085
8.900
15. 975

1. 341
1.336
. 735
.477
.826
1.031
6. 490
. 146
.43
12. 281
10. 506
7. 781
15. 813

7. 538
6. 880
.045
.057
.096
.205
.221
.207
.49
.235

8.113
7. 556
.045
.058
.099
.200
.222
.201
.45
.215

Pound
Yard
Yard
Pound
Yard . ..
Yard
Yard
Pound
Dozen pair_

.366
.076
.092
1.525
1.025
2.008
2.095
5. 194
10. 290

.366
.076
.091
1.550
1.025
2.008
2.095
5.390
10. 290

Pound
Pound. ..
Square foot.
Pound
Pair
Pair
,

.237
.269
.600
.650
6.750
5. 000

.256
.295
.600
.655
6.750
5. 000

Net ton
Net ton .
Long ton...
Short ton.Barrel

4.044
4.410
13. 207
2.719
1.190

4. 016
4.249
12. 794
2.744
1.190

4.265
4.689
12. 932
3.494
1.114

Long ton...
Long ton...
Long ton
Pound
Pound
Pound
Pound
Pound

19. 010
17.000
33. 000
.1385
.188
.0600
. 5218
.0562

19. 010
17. 000
33.000
.1399
.188
.0610
. 5236
.0576

20. 260
19. 000
33. 250
. 1281
.182
. 0713
. 6802
. 0634

M feet
Thousand „

35.69
13. 250

35.74
13. 50

39.56
16. 50

1.600
1.900
.204
15. 500
2.525
3. 250

1.600
1.900
.183
15. 500
2. 525
3.250

1.600
1. 900
. 274
15. 000
2. 750
3. 250

90
123
61
118
139
136
6: 5
10(3

96
123
63
124
145
138
66
110

90
93
68
83
94
106
92
100

87
94
68
82
95
110
88
104

82
100
125
134
139
117
228
106
113
155
65
124
110

85
105
131
141
143
126 i
147
111
113
144
63
128 i!
112

92
118
136
150
146
133
150
116
115
140
74
135
117

88
87
96
113
112
105
124
82
96
125
89
121
110

111
119
108
77
84
93
129
85
118
115

7.250
6.580
.048
.058
.091
.170
.187
.268
.50
.215

92
98
102
78
129
135
68
104
103

90 1
95
104
104
81
125
130
67
109
103

96
104
103
106
84
122
130
65
100
94

87
91
110
106
80
104
103
88
113
94

91
111
106
77
104
109
87
111
94

.312
.068
.081
1. 350
.975
1.913
2. 048
6.125
11. 270

101
103
102
105
97
97
97
85
85

102
101
99
106
99
100
97
84
85

102
101
97
108
99
100
97
87
85

176
168
132
148
106
102

169
155
132
148
106
102

183
170
132 i
149
106 !
102 j

94
94

94
92
96
6
63

93
89
93 |
67
63
1

1
i

92
92
94
100
99
75

92
92
94
100
99
71
80
77

92
92
94
101
99
72
80 !
78

97
95
97
90
106
91

:

80
82

79
81

79 !
82

103

100

97

97
97
54
107
88
94

97
97
75
103
96
94

97
97

FARM PRODUCTS-MARKET PRICE
Wheat, No 1, northern spring (Minneapolis)
Wheat, No. 2, red, winter (Chicago)
Corn contract grade No 2, cash (Chicago)
Oats, contract grades, cash (Chicago)
Barley feeding (Chicago)
.
Rye No 2, cash (Chicago)

_.
._

Cotton, middling upland (New York)
_
Wool, % blood combing, Ohio and Pennsylvania fleeces (Boston)
Cattle steers, g ood to choice, corn fed (Chicago)
Hogs, heavy (C.hicago)
Sheep ewes (Chciago)
Sheep, lambs (Chicago)
.
-

i
i
!
i

i

FOOD
Flour standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York)..
Sugar granulated, in barrels (New York)
. ._
Cottonseed oil, prime yellow (New York)
Beef fresh carcass, good native steers (Chicago)
Beef, fresh, carcass, steers (New York)
Pork smoked hams (Chicago)
..
Butter, creamery, 92 score (New York)
Oleomargarine, standard, uncolored (Chicago)..

1
Barrel
Barrel ... i
i Pound
Pound
, Pound
Pound
Pound ..
Pound
Pound
Pound

__

TEXTILES
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
Cotton-print cloth, 64 x 60-38H"-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 unfinished worsted — 13 ounce, mill
Suitings, serge, 11 ounce, 56-58 inch
.
Silk, Japan, 13-15
Hosiery, women's, pure silk, mill

i
!

LEATHER
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)

!
l
!
!
i

87 j
92 I
87 i
96
94
95
95
93
93

87
90
87
94
94
95
95

i

.

. 152
.160
.460
.430
6. 400
4.850

!

i

88
102

100
99

108
92
102
98
100
99

FUEL
Coal, bituminous, mine-run (composite price)
Coal, bituminous, prepared sizes (composite price)
. .
Coal, anthracite, chestnut (composite price)
Coke, Connellsville (range of prompt and future) furnace— at ovens. ..
Petroleum, crude, Kansas-Oklahoma— at wells . .

666
64

99
98
97
89
71

94
85

METALS
Pig iron, foundry No. 2, northern (Pittsburgh)
_
Pig iron, basic, valley furnace
Steel billets, Bessemer (Pittsburgh) ..
Copper ingots, electrolytic, early delivery (New York)
Brass, sheets, mill
. . .
Lead, pig, desilverized, for early delivery (New York)
Tin, Straits (New York)
Zinc, slab, western (St. Louis).

_.

|
i

102
95
93
96
85
104

BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, mill _ _
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)
Wood pulp, sulphite, domestic, unbleached, news grade (New York)..
Newsprint, rolls, contract, mill




Barrel.
Cwt
Pound
Ton
Cwt
Cwt

1

•
|:
I!
j

62
107

97
97
48
107
88
94

:

103
96
94




8
NEW BUILDING CONTRACTS AND AUTOMOBILE PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]

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

1920

]

1921

1922

j

1923

(924

1925

1926

1927

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

1928

9
REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

Wool receipts at Boston were smaller in April than
in either the previous month or the same month of last
year, with imports making similar comparisons with
both prior periods. Consumption of wool by textile
mills decreased from both the preceding month and the
same month of last year, with the total for the first four
months of the year also smaller than in the same period
of 1927. Machinery activity in woolen mills was correspondingly lower in April than in either prior period.

Cotton finishers reported smaller billings, new
orders, and shipments than in the preceding month,
each of these items declining also from a year ago.
Operating activity of cotton finishers in April was likewise smaller than in either prior period. Stocks of
finished goods, however, were larger than in either
the previous month or the same month of last year.
Unfilled orders on the books of cotton finishers at the
end of April were lower than at the end of either the
previous month or the same month of 1927.

THE TEXTILE INDUSTRIES
(Relative numbers, monthly average 1923-1925, taken as 100. April, 1928, is latest month plotted. Curves covering imports of wool and exports of cotton are plotted from
12 months' moving monthly averages plotted on the end month]

1923

1923

1923

1924

1925

1926

Raw-cotton exports showed declines from both
prior periods, while consumption of cotton by textile
mills was likewise smaller than in either the previous
month or the same month of last year. Stocks of
cotton held at the end of April, both at mills and in
public storage, were substantially lower than a year
ago. Prices for cotton, both to the producer and at
wholesale, averaged higher than in either prior period.
Cotton machinery was less active in April, relative to
plant capacity, than in either the previous month or April,
1927. The production, new orders and shipments of
cotton textiles were lower than in March. Prices of cotton yarns and fabrics showed little change from the previous month but were higher than in April of last year.
106764—28
2



1924

1925

i i i 1 1 11 M 1 1 1 1 1 1 1 M 11 i 1 1 1 1 i t 1 1 1 1 1 1
1923
1924
1925

1926

1927

1928

1928

Imports of raw silk in April were smaller than in
March, but larger than a year ago, while for the first
four months the total importation also recorded an
advance over the same period of 1927. Deliveries of
silk to consuming establishments showed declines
from both prior periods but for the first four months
the total was larger than in the same period of 1927.
Stocks of silk were generally larger than a year ago.
Prices for silk, averaging higher than in the preceding
month, were lower than a year ago. Imports of rayon
were smaller than in either the previous month or
the same month of last year, while rayon prices
showed no change from either period.

10
METALS

Iron-ore consumption and stocks in April were
smaller than in either the previous month or April a
year ago. Fewer pig-iron furnaces were in blast at
the end of the month than for either prior period, the
ratio of operations to capacit}^ also declining. The
production of pig iron in April was smaller than in
either the previous month or in April, 1927, the first
four months of the year also recording a decline from
1927. Wholesale prices for iron showed practically
no change from the previous month but were generally lower than a year ago.

larger than a year ago. Both production and new
orders for the first four months were smaller than a
year ago. New orders for fabricated structural steel
showed declines from both prior periods, while shipments in April were greater than in either the previous
month or April of last year. For the first four months
of the year new orders and shipments of structural
steel were larger than in the same period of last year.
Production and exports of copper were smaller than
in either the previous month or the same month of
last year. Stocks of refined copper in North and South
America were likewise lower than in either prior

THE METAL INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. April, 1928, is latest month plotted. Curve covering zinc stocks is plotted from 12 months' moving monthly
averages plotted on the end month]

.1 I I Lu

1 I I ! jJ

1923

1924

1925

1926

!927

1928

1923

1923

1924

1925

1926

1927

1928

1923

The output of steel ingots, although lower than in
March, was greater than a year ago, both for April
and for the first four months. Unfilled steel orders
at the end of April were lower than at the end of the
previous month but larger than a year ago. The
output of steel sheets by independent manufacturers
showed a decline from March but was larger than a
year ago, while the operating ratio to capacity declined from both periods. Stocks of steel sheets at
the end of April were lower than at the end of either
the previous month or April, 1927.
The output of steel castings registered declines from
both the previous month and April of last year, while
new orders, declining from the previous month, were




1924

1925

1926

1927

1928

period. Wholesale prices for copper averaged higher
than in March, being higher also than a year ago.
Imports of tin were larger than in either the previous
month or April, 1927. The world visible supply of tin
and deliveries to domestic consuming establishments
were smaller than in March but greater than a year
ago. More zinc retorts were in operation at the end
of April than at the end of the preceding month but
fewer than a year ago. Zinc production, although
lower than in the previous month, was greater than
a year ago, while zinc stocks showed gains over both
prior periods. Lead production showed declines from
both prior periods. Prices of tin, zinc, and lead averaged
higher than in March but were lower than a vear ago.

11
FUELS

HIDES AND LEATHER

The production of bituminous coal was smaller than
in either the previous month or April of last year.
Prices for bituminous at the mines, showing little
change from the previous month, were lower than last
year. The production of anthracite coal, although
greater than in March, was smaller than a year ago,
with the total for the first four months also showing a
decline from last year. Prices for anthracite, both at
wholesale and retail, averaged lower than in March;
but retail prices were slightly higher than in April of
last year. The output of coke was smaller than in
either the previous month or April, 1927. Coke prices,
averaging higher than in the previous month, were considerably lower than a year ago.

Imports of hides and skins, although lower than in
the previous month, were substantially larger than a
year ago, while the production of hides, as reflected
by the slaughter of cattle, was smaller than in either
prior period. Production of sole leather showed declines from both the previous month and the same
month of last year, exports of upper leather being
smaller than in either prior periods, with sole-leather
exports making similar comparisons. Prices for
leather continued to average higher as compared with
both the previous month and April of last year. The
output of shoes was larger than a year ago, while exports of shoes showed declines from both the previous
month and April of last year.

THE AUTOMOBILE AND RUBBER INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. Where available, April, 1928, is latest month plotted]

1928

1921

1922

1923

1924

1927

1928

1927

1928

300'

.
1921

1922

1923

1924

n i l * id M| 1 1 i, i

__

1925

1926

1927

IS28

1921

1922

PNEUI^ 1ATI
ii in h ih nliiu l L L l l l l l l l l l l l l l l l l l l l l l l l l l l
Jj
1923
1924
1925
1926

AUTOMOBILES

PAPER AND PRINTING

The production of automobiles in April was smaller
than in March but larger than a year ago, the total for
the first four months also showing a gain over the same
period of last year. Exports of automobiles were
smaller than in either prior period, but for the first
four months were greater than in 1927. Shipments of
accessories and parts, .both as original equipment and
for replacement, were smaller than in March, but larger
than in April of last year, while the production of rims
showed the same comparisons.

The production of newsprint paper showed declines from both the previous month and the corresponding month of 1927, while the Canadian output of
newsprint, although lower than in March, was greater
than a year ago. For the first four months of the
year, domestic production of newsprint was substantially lower, while Canadian production was
greater than in the corresponding period of last year.
Imports of newsprint declined from March but were
considerably larger than a year ago. Imports of wood




12
pulp, both chemical and mechanical, showed declines
from both the preceding month and last year, but for
the first four months of the year each showed gains
over the same period of 1927.
BUILDING

New contracts awarded for building construction,
measured both in floor space and value, showed gains
over both the preceding month and April of last year.
For the first four months of the year floor space of new
awards was 13 per cent larger than a year ago, while,
measured in value, new awards showed a gain over the
same period of 6 per cent. Building costs in April showed
little change from the preceding month but were generally lower than a year ago. Fire losses were smaller than
in either the preceding month or April of last year.

STONE AND CLAY PRODUCTS

The production, shipments, and unfilled orders of
face brick were smaller than in April, 1927, with production also declining from March. Stocks were
lower than at the end of March but higher than a
year ago. Prices for common brick, averaging higher
than in March, were lower than a year ago. New
orders for terra cotta were smaller than in either the
previous month or in April, 1927. New orders for
vitreous-china plumbing fixtures declined from March
but increased over last year, unfilled orders showing
a considerable gain. Production and shipments of
Portland cement were greater than in March but
smaller than a year ago, while the output of plate
glass declined from both prior comparative periods.

THE LEATHER INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. Where available, April, 1928, is latest month plotted]

1923

1924

1925

1926

1927

!928

1923

100 ^

1923

1924

1925

1926

1927

1928

1923

1924

1925

1926

1927

1928

LUMBER AND LUMBER PRODUCTS

CHEMICALS

The output of lumber was larger than a year ago,
most of the principal species showing gains for April
and for the first four months. Shipments of Douglas
fir and California redwood were lower than last year,
while southern pine and California white pine had
larger shipments. Lumber prices showed declines
from the previous month in hardwoods and gains in
softwoods. Prices for both hardwoods and softwoods
were generally lower than a year ago. Production
and shipments of maple flooring were smaller than a
year ago, while for oak flooring these items increased.

Imports of nitrate of soda, while smaller than in
March, were larger than a year ago, while exports
of sulphuric acid and fertilizer showed the reverse
situation. Imports of potash were larger than in
either prior period. Consumption of fertilizer in
Southern States was smaller than a year ago. Exports of vegetables dyes declined from both prior
periods, while exports of coal-tar dyes and dyestuffs
showed gains. Chemical prices showed no change
from either the previous month or April, 1927, while
prices for oils and fats, averaging higher than in
March, \vere generally lower than a year ago.




13
FOODSTUFFS AND TOBACCO

The visible supply of wheat at the end of April was
substantially greater than a year ago, as were receipts,
while shipments and exports declined. Wholesale
prices continued to show gains over both the previous
month and the corresponding month of 1927. The
visible supply was smaller than a year ago but receipts and shipments were much larger. Corn prices
averaged higher than in either peiiod. Total exports of grain declined from both the preceding month
and the corresponding period a year ago.
Receipts of cattle at primary markets were larger
than in either the previous month or April of last year,
while slaughter, although larger than in March, was
lower than a year ago. Storage holdings and exports

The factory output of butter was greater than in
March and smaller than a year ago, while butter
receipts declined from both periods. Storage holdings of creamery butter were considerably in excess
of those held at the end of April, 1927. The wholesale price of butter averaged lower than in either
period. Production, stocks, and receipts of cheese
were smaller than a year ago. Wholesale prices of
cheese, averaging lower than in the previous month,
showed practically no change from a year ago. Receipts of eggs were smaller than last year, as were
storage holdings.
Imports of sugar were larger than in April, 1927,
while meltings in April showed declines from both
the preceding month and April of last year. Refinery

THE FOODSTUFFS INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. April, 1928, is latest month plotted]

_

1923

1924

1923

1925

1926

1927

/ 1928

1925

1926

1927

1928

of beef products were lower than a year ago. Wholesale prices of cattle and beef, although generally
lower than in the previous month, were considerably
higher than in April, 1927. Receipts and slaughter
of hogs were greater than a year ago. Storage holdings of pork products were considerably larger than
a year ago, while exports were smaller. Prices for
hogs and pork products, averaging higher than in
March, were generally lower than in April of last
year. Receipts and slaughter of sheep and storage
holdings of mutton and lamb were greater than a
year ago. Prices for sheep and lamb averaged higher
than in either the previous month or April of last
year.



1923

1924

1925

1926

1927

1928

1924

1925

1926

1927

1928

stocks of raw sugar at the end of April were considerably larger than a year ago. Prices of sugar were
generally lower than a year ago. Imports of both
coffee and tea were smaller than in either the previous
month or April, 1927.
The consumption of cigarettes was smaller than in
either the previous month or April of last year, but
for the four months cigarette consumption was considerably larger than in the same period of 1927.
Cigarette exports were considerably larger than in
either prior period. Consumption of cigars declined
from both periods, with a decline of almost 5 per cent
for the first four months. Wholesale prices of leaf
tobacco averaged higher than in either period.

14
TRANSPORTATION

Carloadings of freight were lower than in April,
1927, all groups declining except grain and grain
products. More surplus freight cars were available
at the end of April than a year ago. Clearances of
vessels engaged in foreign trade showed smaller tonnages than in either the preceding month or a year
ago. Merchandise-warehouse space at the end of
March was 69 per cent filled as against 70 per cent at
the end of February.

Interest rates on call loans, time loans, and prime
commercial paper averaged higher than in either the
previous month or April of last year. Loans to
brokers and dealers continued to increase while dividend and interest payments scheduled for May were
smaller than a year ago. Business failures showed
smaller liabilities than in either the previous month
or April, 1927. New sales of ordinary life insurance
were smaller than in either prior period.

DISTRIBUTION MOVEMENT

GOLD, SILVER, FOREIGN EXCHANGE AND TRADE

Postal receipts were smaller than in either the preceding month or April of last year, but the total for
the first four months showed a gain over 1927. News-

Receipts of gold at the mint were smaller than at
the end of either the preceding month or April of last
year. Imports of gold, although larger than in March,

BUSINESS FAILURES
[Actual number of failures, by lines, plotted as 12 months' moving monthly averages on the end month]

\

GROCERIES AND MEATS

__,'

_J^x i ^Jr'
i
^I l l M l l l l l l l l l l l l l l l l M l . l l M l l l l M

1923

1924

1925

1926

1927

1928

1923

1924

1925

1926

1927

1928

TRADERS
M I I I I 1,1 I I I i I I I ! I I I I I I I

1923

1924

1925

1926

1927

1928

paper advertising, although larger than in March, was
smaller than a year ago. Sales of mail-order houses
and 10-cent chains declined from both periods, due
largely to the influence of earlier Easter.
BANKING AND FINANCE

The volume of check payments, both in and outside
of New York City, although smaller than in the previous month, was greater than a year ago. Loans and
discounts of Federal reserve member banks showed
gains over both periods. Bills discounted by member
banks with the Federal reserve banks continued to
show gains over both periods. The reserve ratio was
lower than in either the preceding month or April of
last year.



1923

1924

1925

1926

1927

1928

were considerably smaller than a year ago, but gold
exports were almost fifty times as large, making a gold
export balance as against an import balance a year
earlier. Silver production was smaller than in either
prior period.
Exchange on the principal foreign countries showed
little change from the preceding month, but as compared with a year ago, most currencies were higher,
the principal exceptions being Japanese yen and the
Canadian dollar. Imports of merchandise into the
United States were smaller in value than in either the
previous month or April, 1927. Merchandise exports
also declined from both the previous month and
April, 1927.

15

INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., by commodities or groups. They consist in general of weighted combinations of series of individual relative
numbers; often the individual relative numbers are also given. The function of index and relative numbers
is explained on the inside front cover. Many of the index numbers have been reworked to a comparable basis
on the average of the years 1923 to 1925, while maxima and minima are given only since 1923, except on this
page, thus eliminating the abnormal period prior to 1923. Other index numbers will be revised on the 1923
to 1925 base as soon as the limited printing appropriations will allow their presentation in complete form.
|
,!

1928

!!,*7

Maxi- I Mini- ;
mum
mum
since ; since
i Jan. 1. Jan. 1, ! Febru1920 • 1920
ary
' March

Febru- ; March
ary
1

April

PER CENT LN'CREASE (+)
O K D K f K E A S P J (— )

Apiil, 1D2S.
from AJ arch,
1! i\s

April

April, 1928,
from April,
1927

PRODUCTION
i

(Relative to 1919 monthly average as 100)

;

RAW

MATERIALS

ISO

Grand total

;

108

73 i

113

108

110

94

- 14. 5

-2.1

134
216 ;
106
70
0 i
134
178
132
73

96

120
229

-11. 1
+ 3. 8
-20. 5
+ 26. 7
0. 0
— 1. 4
-13. 3
-4. 7
-4. 3
-15. 0

5.5
+ 0. 4
— 6. 7
-2. 1
-40. 0

MINERALS

i

Total
Petroleum
Bituminous coal
Anthracite coal
Iron ore*
Copper
vyv^oj.
Lead
Zinc
Gold
Silver

I

_

__

_ _ _

i
!
i!

152
239
155
83
0
137
193
141
75
108

137
230
S9
07
M)
141
190
130
70
100

;

95

135
230
113
75
()
139
180
148
69
113

138
314
143
177
153
245
390
192
190

80
19
58
64
54
30
21
45
94

118
48
85
101
69
168
80
165
151

119
53
82
84
66
230
71
118 !
145

113
36
74
141
74
111
105
109
139

121
30
71
124
67
171
92
163
152

117
40 !
82 !
93
70 i
194
81
141
146

3 0
i 97 o
\- £ ( . o
+ 15. 5
-25. 0
+ 4. 5
+ 13. 5

!
|

99
36
76
89
66
99
96
112
132

13. 5
-3. 9

-1.7
-13. 2
0. 0
+ 10.7
+ 6. 1
-15. 7
+ 14. 1
+ 19.5
+ 0.7

49
43
58
50
12
18

i
j
!
!
1
|

103
89
119
94
118
100

93
72
155
95
117
61

67
52
150
118
74
23

93
125
148
67
59
62

93
130
156
67
62
25

67
76
124
77
59
16

-28.0
-41.5
-20. 5
+ 14. 9
4.8
-36. 0

0.0
+ 46.2
-17.3
-34.7
-20. 3
30. 4

61
59
51
20 !
24

103
107
90
42
100

112
115
108
66
110

115 1
110 !
129
189
101

104
109

113
117
111
42
105

114
113
120
129
93

138
142
135
133
152
166
115
127
211
190
195
147
164

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

129
119
94
113
126
127
86
106
176
90
150
107
126

136
141
110
133
150
138
98
116
190
138
170
127
159

135
135
108
115
138
129
92
113
183
144
166 1
120 !
161 |
i

130
125
119
112
133
130
91
98
176
99
144
116
127

133
139
128
112
152
141
99
105
185
117
163
128
156

139
133
115 !
99 i
144
139
86
103
196 i:
130
157
115
155

83 ;
95
o

137
156
141 !
60
96

o q

-17.9
+ 3.7
— 5. 7
/j

n

1NIMAL PRODUCTS (marketings)

Total
!

137
215
136
80
0
137
171
136
67
105

136
137
164
356
149

________
_ _ _- -- -

62
105
41
0
0
17
78
38
57
80

246
242
254
405
346
170

_

105
256
155
122
273
152
193
149
131
145

Wool*

-_

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

_

---

-

-- -

-.

CROPS (marketings)
Total
Grains*
Vegetables* _ «
Fruits* .-_
Cotton products*
Miscellaneous crops*

!
!

!
1
!
i

1

FOREST PRODUCTS

Total
Lumber
Pulp wood
Gum (rosin and turpentine) *
Distilled wood „
._

O Q

_ _

; 93
22

+ 0.9
-3.4
+ 8. 1
+ 207. 1
-11. 4

-0.9
+ 2.7
-7. 0
-31.7
-7.9

+ 4.5
-4.3
-10.2

+ 3.0
-1.5
+ 6. 5
— 13. 9
+ 4.3
+ 7. 8
6. 5
8. 8
+ 7. 1
-5. 6
-5. 4
4. 2
-3.7

MANUFACTURING

'
i

1

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

_

Fluctuations between maximum and minimum due largely to seasonal conditions.




-11.6

5. 3
-1. 4
-13.1
-1. 9
+5. 9
+16.2
-3.7
-10.2
-0. 6

16
INDEXES OF BUSINESS—Continued
Minimum
since
Jan. 1,
1923

February

March

153
222
170
119
139

84
72
71
84
73

143
178
156
84
127

136
161
153
86
125

PEE CENT INCREASE (+)
OB DECREASE (— )

1928

1927

Maximum
since
Jan. 1,
1923

February

March

144
168
159
96
135

April

137
157
145
100
130

150
189
149 i
97 |
136

148
198
131
97
133

April

April, 1928,
from April,
1927

April, 1928,
from March,
1928

STOCKS
(Relative to 1923-1925 monthly average as 100)
(Corrected for seasonal variation)
Total

Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
Other manufactured commodities

129
140
148
93
123
i

(Unadjusted index)

Total
Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
Other manufactured commodities

150
198
196
132
136

77
60
64
79
74

J

147
193
153
85
128

146
198
138
84 i
128

132
166
123
84
126

(Relative to 1923-1625 monthly average as 100)
Total

Textiles
Iron and steel
Vehicles
Lumber
WHOLESALE TRADE

157
154
157
204
142

67
62
66
53
56

82
91
76
91
80

81
89
76
86
79

124

82
86
87
71
43
26
68
82
88
72

91
81
107
88
128
95
85
82
94
96

103
94
104
95
144
108
111
102
117
100

-0.7
+ 2.5 |
-9. 0
+ 3. 0
— 1. 5

+ 5.4
+ 15.0
-10. 8
+ 10.8
+ 4. 1

-5.4 !
— 7. 6
-10. 7 i
-3. 1 !
-2. 3

+ 6.1
+ 10.2
-4. 9
+ 11. 9
+ 3.2

i

li
1
I'
|

!i
i

UNFILLED ORDERS

136
161
132 !
103 I
128 I
j
140
183
117
94
130

!

82
81
90
64
76

80
75
90
62
72

74
73
79
56
70

-7.5
-2. 7
-12. 2
-9. 7
-2. 8

-3. 9
-17. 0
+ 8. 2
-24. 3
-7.9

93
85
108
89
128
88
87
82
101
95

77
88
73 ]
74 |
76

99
95
105
87
131
89
110
95
120
107

86
88
105 1
70
75
53
99
89
112
88

-13.1
-7. 4
0.0
-19. 5
-42.7
-40.4
-10.0
-6.3
-6.7
-17.8

-4.4
-2.2
+ 1.0
-7.9
-14. 8
-17. 2
-1.0
-7. 3
+ 3.7
-8.3

-8.0

-4.2

(Relative to 1923-1925 monthly average as 100)
Grand total all classes

Groceries
M^eats
Dry goods
Men's clothing
Women's clothing
Boots and shoes
Hardware
Drugs
Furniture
RETAIL TRADE

119
125
128
167
188
128
118
125
129

90
90
104
76
88
64
100
96
108
96

I

(Relative to 1923-1925 monthly average as 100)

MAIL-ORDER HOUSES (4 houses) f
CHAIN STORES :f
Ten-cent
Grocery
^Vearing apparel
Drug
C/ierar

Candy
Shoe
DEPARTMENT STORES: *
Sales
Stocks
EMPLOYMENT

156

64

101

125

120

108

125

115

250
224
350
169
160
161
163

62
77
47
82
79
70
55

104
148
114
129
99
103
84

116
135
174
172
148 ! 199
143
144
111
113
115
136
96
150

115
193
137
148
96
106
86

133
224
200
163
107
119
117

135
202
195
154
100
130
130

186
117

71
83

83
97

103
103

102
104

109
112
114
114
107
112
106
111
107

90
90
85
87
80
88
97
88
85

97
92
97
99
87
98
104
105
93

97
91
97
99
86
97
104
110
97

97
90
96
98
86
93
103
110
98

91
92
94
89
80
93
103
98
86

92
92
94
91
82
93
102
105
89

110
108
110
115

87
82
82
86

96
88
92
110

98
88
93
110

97
86
93
109

90
85
89
94

92
86
91
93

100
106

85
96

111
106

i

i

0. 0
+ 1. 5
+ 17.4
-9. 8
-2. 5
-2,0
+ 6. 9
-5.5
-6. 5
-11. 5
+ 9.2
-4. 4
+ 11. 1 -13.3
-1. 0 1 -8. 1

+ 1.0

-1. 9

91
90
91
91
83
88
101
105
91

—1 1
—2 2
-3.2
0. 0
+ 1.2
-5.4
-1.0
0.0
+ 2. 2

—6 2
0.0
-5.2
-7. 1
-3.5
-5.4
—1 9
-4. 5
-7. 1

94
84
93
94

+ 2.2
-2. 3
+ 2. 2
+ 1. 1

-3. 1
-2.3
0.0
-13. 8

(Relative to 1923-1925 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


f See table pp. 20 and 21 of the May, 1928, issue for earlier data.


!
i
!
|
i
I

j

* See tables on pp. 20 and 21 of the April, 1928, issue for earlier data.

17
INDEXES OF BUSINESS—Continued
Maximum
since
Jan. 1,
1923

Minimum
since
Jan. 1,
1923

PER CENT INCREASE (+)
OR DECREASE (~)

1928

1937

April, 1928,
from March,
1928

April, 1928,
from April,
1927

Jf-

March

April

February

March

102
95
102
10-t
91
100
111
110
97
99
84
95
115

F

103
94
102
106
92
97
111
!
114
1 101
! 102
! 85
!
98
s 117

102
93
97
104
91
91
110
114
104
95
82
100
119

95
97
96
95
84
93
110
102
88
93
83
94
97

96
96
94
97
87
92
110
107
91
94
84
98
97

95
92
87
97
88
80
110
107
94 !
95
78
100 1
99 '•

135
128
1 K9
153
139
144
141
90

137
136
1 7/1
174
139
137
147 i
89

140

-1-2.2 !

144

+ 5. 9 | +21.0
i o n
I 21.
+ 0 1 o8
+ 2.9
+ 2. 2
-0.7
+ 0. 8
-2. 2
+ 52. 5
+ 4.8
+ 6. 3
-4. 5

96
105
99
97
81
98
91
96
98
87

96
104
98
124
97
81
98
91
96
98
87

97
108
100
127
97
81
98
93
96
98
85

97
95
99
94

98
95
98
94

April

EMPLOYMENT— Continued
(Relative to 1923-1925 monthly average as 100)

Amount of pay roll, by industries:
11
1
Total, all classes
Food products
108
Textiles
115
Iron and steel
117
Lumber _
__ >
107
Leather
„_ _
117
Paper and printing
114
114
Chemicals
Stone, clav, and glass
111
Metal products other than iron and steel- 114
Tobacco products
111
114
Vehicles
Miscellaneous
i 119 1

85
90

78
79
84
84
94
89
84
81
81
73

86

i

—1.0
— 4. 2
— 7. 4
0. 0
+1.1
—13.0
0. 0
0 0
+3. 3
+ 1. 1
— 7. 1
+2 0
+2. 1

-6.9
— 1. 1
-10. 3
— 6. 7
— 3. 3
12. 1
0. 0
— 6. 1
-9. 6
0.0
-4. 9
0. 0
— 16. 8

PRICE INDEX NUMBERS
FARM PRICES

1

I

(Relative to 1909-1914 average as 100)

\

\

All groups
Grains
Fruits and vegetables
Meat animals
Dairy and poultry
Cotton and cottonseed
Unclassified

1«2
178

154
166
252
108

125
108
1 HQ
108
98
122
81
79

105
114
106
127
114
112
113
116
104
111
127

94
94
85
98
94
84
97
90
95
98
87

96
95
96
100
95
96
98
96
98
98
91

95
94
95
101
94
90
98
95
97
98
91

94
94
95
102
94
85
98
95
98
98 <
91

128
103
109
106

96
93
93
93

97
96
96
96

97
95
94
95

96
94
93
94

OKQ

1 iO

142
143
143
94
84

140
144
133
102
81

125
119
1 .17
147
143
133
101
80

127
122 i

126
121
1 1A

179
142
134
154
85

1 7O

4-12. ft

WHOLESALE PRICES
ueparimenc 01 iua»or mciexes
(Relative to 1926 monthly average as 100)
All commodities

i
:
!

:

i

Farm products
Food, etc _
__
Hides and leather products
Textile products
Fuel and lighting.
Metals and metal products
Building materials
Chemicals
House-furnishing goods
Miscellaneous. _

_

Classified by state of manufacture:
Semimanufactured articles!
Finished productsf
Raw materials f
Nonagricultural commodities

194

Commercial Indexes
i

i

106
112

Dun's

COST OF LIVING
National Industrial Conference Board Indexes
(Relative to July, 1914)
All items weighted
Food (Dept. Labor)
Shelter
Clothing
Fuel and light (combined).
Fuel
Light
Sundries
t See table on p. 23 of this issue for earlier date.
106764—28




3

:

i

98 1
96
100 i
95

+ 1. 0
+3 8
+2 0
+2. 4
0 0
0 0
0 0
+22
0 0
0 0
— 2. 3

+ 3. 2
+ 14 9
+ 5. 3
+ 24. 5
+32
4 7
0. 0
—2 1
—2 0
0 0
— 6. 6

0 0
+1 1
+2 0
+ 1*1

+21
+2 1
+75
+11

+1

9
0 0

+93
+83

0.0
+0. 7

— 1.8
— 1. 3
—4 7
—0 6
—0 6
— 1. 1
0 0
—1 2

1

(Relative to 1926 monthly average as 100)

Bradstreet's

<
i
!

85
95

97
97

97
97

97
96

103
103

104
104

106 1
104 i

l
172
167
186
177
179
208
123
176

158
141
163
160
156
174
118
171

1G5
156
172
172
167
190
121
174

164
154
172
172
166
189
122
173

164
154
171
172
161
181
122
173

162
152
165
171
163
184
122
172

161
151
165
173
163
184
122
171

161
152 !
163 1
171
160
179
122 i
171

—1
—1
— 1.
— 2.

2
2
8
7

o o

0 0

18

RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS
GROUPED BY FEDERAL RESERVE DISTRICTS
[Table continued on p, 19]

YEAR AND MONTH

BOSTON DISTRICT
U. S.
TOTAL
141
Total,
CENHart- Provi11
TERS centers Boston ford
dence
37, 446

1919 monthly
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly
1927 monthly
1926
January
February
March
April
May
June
July
Augu st
September
October
November
December
1937
January
February
March
April
May
June
July
August
September _ _
October

1,769

1,245 |

100.0
106.0
88.7
97.8
103. 2
109.5
126. 8
135. 3
150.0

100.0
109.2
102.4
105.5
117. 1
120.9
136. 7
146. 1
158. 1

100.0
105.9 i
106. 7
109.3 1
120.2
125.6
143.9
157.0
168. 9

144.6
120.0
150.8
138.5
123.3
135.3 ;
136. 1 !!
125.6
125.4
140.3
126.6
152.4

159.1
123.0
147.4
151. 9
144.3
147. 6
149.5
124.9
128. 1
167. 9
150.8
158.8

169.6
130. 1
156.9
164.9
155.8
158.8

146. 1
128.8
156. 3
148. 5
144.6
151.8
143.4
143. 5
151. 6
158.1
152 5
174. 8
168, 0
14.5. 6
188.7
178. 6

1919 av. mills, dolls
average _
average.
average.
average.
average .
average.
average.
average.
average .

December
1988
January
February
Ma'-ch
April
May. _
June

_ -

- -_ __ _

_

92 ;

144

NEW YORK DISTRICT
New
Haven
:

PHILADELPHIA DISTRICT

T
°7a1' Albany Buffalo^ 8 ' few | ™*> ! Phila- Scrancenters
j ter | *ork i centers delphia ton

20,917 ;

72 '

87 !

!

263

120

1919 av mills dolls

Ap*' '!

1

!
i
i

1
i
1
;
!
:

i
i

A} 1

121. 9
162.2
144. 0
130.5
i3S 5
135 9
12s 9
1J5 9
141 3
i20 7
loO 1

116. 4
143.0
138. 1
127.9
13o 1
139 o
IB 8
U- 9
1 13 6
^'J 7
i;3 9

159.6
135.7
162. 9
159. 6
154.0
161. 0
152.5
137.2
148. 2
174. 3
170 7
181.8

174.1
147. 1
177. 3
170.8
165. 8
171. 5
1*50. 1
142.1
156. 0
186. 0
183 6
192. 9

168. 5
145.7
177. 2
189.1
180.4
219.6
222. 8
207. 6 '•
216.3
226. 1
210.9
206. 3

114. 6
101.4
113. 9
117.3
111. 1
112.5
107. 6
100. 0
102. S
122. 9
124.3
130. 5

j

147. 2
120.8
151. 4
151.4
141.7
145.8
152. 8
138. 8
151.4
166. 7
148.6
100. 7

153.4
134.7
169. 1
157. 3
153.6
162. 0
151.2
155.1
163.6
167.3
163.0
190.7

133.3
151.7
219. 5
197. 6

156.3.
143.6 !
163.2 ;
147.1
162.0

143.0 i
114.8 ;
130. 8 1
139. 5 !
135.0!
144. 5 i
146.0 |
133.5'
147.5
151.7 ;
139.5 '
101. 6

152.5 1
131.7 i
163. 3 ,
163. 3 !
136.7;
164. 2 ;
152.5 i
139.2;
150.0
162.5
137.5
173. 3

153 '
1 ',4 8
1< ') 5
157. 3
1 >3 0
1 >2 2
151 1
r,~ 5
It 3 9
l',7 5
L>3 5
191.3

176. 8
135, 7
167. 3
169. 3

186. 4
139.2
176. 1
179.3

258. 7
206. 5

150. 0 !
110. 0 !

159. 7
1-13. 1

243.5

122.9 !

165.3

257. 6

125. 7 !

161. 1

18 i 5
160. 3 '
218. 7 i
201.0 i

137 9
100. 9
2,-o. 1
162.0

K4 6
131.5
US. 7
154.0

ICO 0
125.8
150. 0
159.2

1* > 1
1» 0 *
220. 0
^0) 3

i
!
!

161.7 :

New
Orleans

215. 3
262. 7
254 3
239. 0
223. 7
515. 8
217.0
239. 0
206. 1
240. 7
259. 3

115.1
84. 2
S!). 0
10!J. 0
105. 3
125. 0
12S. 1
123. 9

KK y

113. 1
129. 2
1'32. 7
127. S
i

1

:

i 92
124. 4 1
113.3
193 2 i
142 0 •
118.7 ;
135. 6 1

131.7
115.8
126. 3
123. 1
1 1 6. 6

. . ! 115.9
116.4
i 113.9
...
130. S
137.7
121. 4
136. S
127. f
112.4

 See footnotes on p. 20.


^'A >
I/: 7
157. 4
1"5 3

132.3 '
136.4 !
182.5 ;
163. 1
171. 3

i
|
i
j
!
'
.
i
i
'<
;

si'l

1
•

145 °
l_b -}
119. 1
149. 1
141.3
145 3
13". o
134. 0
104 2
i:4. 7
141.5
149. 1

139. 2 i

129. 2
146.7
144. 2
135.5
160.0
154.2
127.5
138.3
162. 5
135 8
162.5

190.0
lir..4
82.2
S9. 5
97.4
1UO. 4
US. 1:
113. 7
11-i.S

. _ _

141. 7 '

150.0"

120. 5
135.7
138. 0
126.6
148.3
155.5
127.7
126.6
141. 1
1*?7 4
141.1

100.0
12s. 8
103. 4
133.9
1 *3. 1
1W.3

i

142 3 !
124 ^
14u 7
140. 0
13-^5
141 2
13o 1
US 4
13' 8
144 S
13M 4
159.8

159.2!

147. 1
171.2
170. 1
197.6
150.5
171.2
131.0
127.5
147. 1
139 0
152,8

100. 0
108.9
S5. 4
90. 2

121. 5
1

169. 8
169. 8
169. 8
158. 2
102 8

142.5 154.7:

122. 1
161.7
144. 0
130.9
139.0
136.6
128.9
126.1
141. 5
127 0
159.9

100. 0

133 7

132. 1
103. 8
152 8
147.2
137.8
145. 3
149. 1
115.3

150.2

304

'

139.0
116.2
141.4
136.6
126. 4
135. 0
137. 8
115 y
120 t141 1
1J8 7
1^3 0

145.8
119.5
148.6
138.9
136. 1
138. 9
147.2
134. 7
134. 7
145.8
134.7
150. 0

59

Mpy

Ji'Ti'e
July
August
September
October
November
December
1927
January
February
March
April
May
June
Julv
August
September
October
November
December
1928
January
February
March "
April
May
June

100. 0
125. 6
111. 6
118.6
137.2
146. 5
159. 6
168. 5
175. 6

!
!
|
1
!
i
!
1
!
i
|
i

123

120 5
141.4

43

100.0
124.5
122.7
109.4
139. 6
142.3
138. 9
144. 2
145. 5

131.2
99.3
111.1
111.8
109. 7
109. 0
112.5
93. 0
99. 3
146.5
113.9
122. 9

i 92,8

11-1 9

' Februarv
Mprc'h "
1

53

100.0 i
112.4 i
93.8
101.7
111.9
114.3
128. 1
133.1
138.6

175.0
142.4
166.3
156.5
151. 1
163. 1
162.0
137. 0
132. 6
144.6
138.0
158. 7

! Total,
BirAtlanta m ing|
15
ham
! centers

1919 monthly average.
1920 monthly aver; ge. _ !
1921 monthly aver; ge. _ i
1922 monthly aver; ge_
1923 monthly aver; j>e_
1924 monthly average. . i
1925 monthly aver; ye .
1926 monthly avert ge_
1927 monthly aver; ge_
i
1926

1,373

100.0 i
113.3
95.8
102.5 i
114.3
116.8
129.5
134.6
140.0

100.0
99.4
85.2
98.4
98.2
108.3
12S. 7
139.0
100.1

!

!

i
j
i
,
|
i
|
i

i
:

!

205.7

170. 1
108.9

j
!
,
i
;

I
\
;
[

i
i
!
|
i
i
i

i

127. C
118. £

1

39 S
122. 8
161.0

128. 5
125 2
127. 6
115.4
126. 0
142. 3
127. 6
146. 3

1

i
:
!
!
i
!
|
!

93

131 °
103.3
119. 1
123 7
103.0
101.9
110.8 ,
102.0
109.5
134.5
98. 7
123.0

28" •" ;
254.1
275.0 '
247 9
235.4 :
225.0 !
218.7 .
206.2 ;
195.8
222.9 :
193. 7 !
229.1

88 2
87. 1
103.2
9° 5
S4. 9
89.2
92.5
84.9
83.9
95.7
84.9
89.2

8*J 5
67.6
7>. 4
70.3
(>7. 6
56. S
62.2
56. 8
86.5
89.2
70.3
78.4

119.1

216.6

94.fi

195.8 :

89.2

222.9
206.2

98.9
92.5

70.3
64.9
70. 3
70. 3
70.3
64.9
64.9
64.9
100.0
97.3
73.0
86.5

235. 6
239. 0
240 7
278. 0
300. 0
257. 6
272. 9

108.2
114.8
111.5
99.7
103.3
103.6
105.2
127. 9
130.6
116.1
137.5

130. 1
123. 0
135. 0
126. 0

271.2
225. 4
245. S
240,7

123.0
103.6
115.4
106. 6

!
1
!
!
'

'
i
:

,
:

110. ,s
64. 9
70.3
.V-. ^>

1:1 o

140
i3*
137
140
133
120
133
141
1^
I'.j

S
2
4 i
7
9
5
9
7
3
3

174^ 5
14S. 9
15-. 2
172. 1
15s J
211. 7

n.o
lor,, i

143 4
156. 6

172 1
ISM

1

1*, 7. ."

lor. i

172. 1
li >2. ^>
li'7 7
15S 2
1 .7. 5
176. ,
1(»7. 5
214.0

137. S
128. 3
217.0
141.5

195. i
l'J5. 4

Des
Grand
Moines Rapids

Sioux
City

154 5
YJ~> 5

102.1
97.8
116.1
104. 3

Indian-

™k^~

apolis

7-^.s

:
i
:
•
i
:
!
:
i
!

i
:
i
i
s
;
!
i
!
!

!

83.8 ;
78.4 :
81.1 !
75.7 ;

2.800 i

237

83

107. 5

75

100.0

luO.O

100.0

100.0

100. 0

110.0
02. 0
96. s
10S. S :
lli». s .
124. '.»
132.0
1.37.9:

7V1?
~j. o

;

Chi- Be»° j troit

ca

10U.O

!

74.6

183.3
92.5 i
177.1
98.9 i
164.6
102.1
156.2
93.5
154. 1
94. 6
160.4
110.7
160.4
96.8
181.2 106.4
164.6
166.6
175.0
158. 3

i
'

:

4,242

37
100.0

100.0
120.4
1',". 4
71.0
7x "
"XL:
<~. t,
^''. 7
l
»7. C-

264. 4
222. 0
242. 4
244.1

:

Au- j T<^!'
»"sta !| centers

100.0 :
125.0 :
1)1. 7
97.9
112.5
126.5
206.2
232. 6
1M.O

134.1
119. 5 i
134.1
128. 5
124.4
118.7
123.6
115.4
130. 1
146. 3
121.1
137. 4

245.8

48

1

i
i
!
1
!'

CHICAGO DISTRICT

Jack- Nas}3,
son- ^Vffj j
vme
ville
!

i

i!

ATLANTA DISTRICT
YEAR AND MONTH

1,625

100.0
118.1
98.6
104. 2
122. 2
125.8
134.6
139.6
148.6

!
i

100.0
98.8
84. 8
98.2
97.6
107.9
128.3
138.8
160.3

!;
!
!
\
i
1

100.0
118.7 ;
93.0
95. 1 i
105. 5 ;
104.4 i
114.9
113.4 I
113.2 i

:

100.0
119.2
103.3
110.0
124.2
129.0
144.3
146.3
152.2

20,354 j

100.0
117.4
98.9
103. 3
119. 6
131.3
141.7
152.3
202.5

j

100.0
100.0
111.5
114.8
119.5
92.8 i
119.5 99.6
118.3
114.8 ;
134.8 '• 115.0 !
147.7
133.3
154.0
136.9 ;
168.3 ; 140.6 \

Trenton

.ID
)
t»
1 )
IIK
U
+2~
i3

0
7
_>
0

123. 5
100. 0 ,
104.4
115.4

124.0
97. 5
101. 7
115.6
110. 5
119.4
127.3
13d!

114.5
84.4

s

I-T 2
L
<1 _
oi 3
2 7
1 0 I
1^3
1 ( 4
if_s

1GO.O
128.0
ioy.3

137 9
118.6
142. 7
133.0
129.9
135.1
136.2
128. 0
122.8
1:33.5
123.2
143.4

a3
11
139
12b
i-4
12-s
TJ1
1.3
lit
12<
1H>
14J

2
9
2
J
6
7
4
3
3
9
o
3

^ 7 4 '
.i h I
177 5 !
1~7 4 '
10 « ,
i~s j '•
1 "1 <i '
If 7 1 ;
n9 s !
1"0 9 j
1 0 , !
1 o 3 \

137 5
119.1
135.3
130.1
133.1
152.2
150.0
128.7
127.9
136.0
128.7
143.4

130 8
117.3
142.2
121.1
125.7
126.6
128.3
119.8
121.5
137.1
1'24. 9
132.1

i
!

;

•
:
i
'
i
i
:
!
i

}

-r

525

136 '

110.9

:

llo. 4
135.2
136.2

!
;
!
!
!
i
i
i
!
|

89. 8
98. 1
98.9

XI. x
89. 3
89. 114.1

111' 7

100. 0
83. 1
104. 8
100. 0
98.8
97. 6
96. 4
88. 0
96. 4
102. 4
96. 4
113. 3

122. 6
101. 3
121.3
121.3
112.0
114.6
11 ~" 3
112.0
112.0
122.6
106. G
122.6

147. 0
125.4
153.9
131.7
125. 4
130. 5
131 . 7

131 n '
llo 2 1
13^ "
130 4 1
1 1 2 |
14i 1 i
130 4 '
136 2 1
13" 3
1424
13- Q
1 ") 1 '

1 1 0 i
134 1 !
Ij2 s !
1*3 6 i
1 7 4 i
17' 2
172 ^ !
1
»>4 0 i
10 2
1704 i
1U 4
Is 7 i

141.9
132.5
136.0
126.1
138.2
140.5
133.8 128.3
137.5
131.6
137.5
123.7
141.2
126.6
128. 7
125. 7
130.1
124.5
135.3
133.3
134.6
127.0
139.7
135.9

95.2
84.4
109. 7
98.8
102.4
108.5
96. 4
89. 2
97.6
101.2
98. 8
104. 8

118.6
97.3
114.6
112.0
112.0
113.3
110.6
10S.O
106. 6
10S. 0
104. 0
118. 6

148. 0
128.7
157.6
155.1

149.3 |
126 6
TO 9
1 s 9

178.1 ;
160 S |
197 9 ;
140'

138.2
136.0
146.3
131.6

97.6
86.8
106.0
102.4

112.0
98.6
114.6
106.6

133.3
120.7
138.0
129.5

r::<. i

110.3

134.4 |
118.6 i
139.7 !
137.9 j
140.4 |
142.8 1
134.8 ;
136.7 i
1 38. 0 i
142.6 ;
135.0 i
153.6
!
i
:
i

03
100. 0
109. :.
03. ">
I'll...
119.1-

: 119.0

117.4
131. 7
104.7
123. 8

i
1
1

!
!
i
;

!

130. 1
114.3
130. 5
117.4
ni.i
117.4
114.3
111.1
112.7
128. 5
65.2
87.3
84. 1
87. 3

; 101. 6

88.9

19

RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS—Continued
GROUPED BY FEDERAL RESERVE DISTRICTS
[Table continued on p. SO]
CLEVELAND DISTRICT

YEAR AND MONTH

Total,
13
centers

1919 average millions of dollars

i
i:
i
|

1, 963

1919 monthly average. .
1920 monthly average
1921 monthly average .
1922 monthly average. .
1923 monthly average .
1924 monthly average. .
1925 monthly average
1926 monthly average. .
1927 monthly average. .
1926
Januarv
February. ._
March
April..
Mav
June
Julv..
August
September
October >Novembo
Docem ber
192?
Januarv
. ... .
February
March

100.0
116. 4
89.6
94.6
110. 9
109.4
122 0
127.4
136. 6
137.9
109.9
126. 0
129. 4
119.2
130. 1
136. 1
120.2

Norfolk

Rich- Charlesmond
ton
37

116 !

116

718

404

84

116

100.0
118.5
94.9
97.2
112.7
113.2
126.4
126.7
137. 1

| 100.0
; 110.0
i
78.3
83.3
! 103.4
! 101.6
j 117.0
! 118.0
': 118. 5

100.0 1
117.2 i
102. 6
132.8
153. 5 '•
155. 7
179.2
189.5
205. 2

100. 0
111.2
102.6
112.1
128. 5
116.0
126. 9
138. 3
144.8

100.0
104.0
110.0
112.0 !
138. 0
136. 0 '
156. 0
176.5
188. 8 i

100. 0
111.8
95. 5
89.6
98.6
96.3
106. 7
108. 4
107. 1

100.0
115.6
104.9
89.1
93.3
93.4
104.6
107.4
104.2

100.0
102.3
71.4
78.5
88.1
82.2
85.8
94 2
89.0

100.0
107.8
98.3
100. 9
112.9
109.1
122.4
121.5
123.0

100.0
102.7
67.6
67.6
78.4
69.4
73.0
76.2
75.0 !

126. 3
90.6
109.8
123.2
105.0
115.0
126. 0
108.5
110. 4
127.5
112. 8
136. 0

136. 8
117.7
130.0
123.3
119.7
134.5
131.3
116.3
119.7
133.2
121.7
135. 7

!
!
i
!
:

123. -i
96.7
108.4
121.7
113.4
111.7
131.7
120.0
121.7
126.7
108.4
131. 7

200.9
169. 0
182.8
185. 4
ISO. 2
194. 0
208. 6
197. 4
1x7. 1
1S7. 9
172. 4
OK o

146.6
111.2
127.6
151.7
135. 3
144.0
1 19. 1
134. 5
131.9
141.4
131. 9
154.3

188.0
146. 0
182.0
176. 0
160. 0
172. 0
210.0
166.0
176. 0
182.0
164. 0
196.0

115. 1
100.7
111.4
107.7
101. 1
110.0
117.4
96.0
100.7
115. 1
102. 1
121. 9

112.4
98.8
112.4
111.1
102.7
113. 1
122.8
96.0
94.1
107.7
98. 0
119. 3

96.4
89.9
94.0
92.8
88.1
95.2
97.6
85. 7
88. 1
101. 2
96. 4
114. 2

135.3
113.8
123.3
112.1
106. 0
111.2
127. 6
106. 0
125. 9
139. 7
119.0
137. 9

78.4
70.3
78.4
73.0
70.3
75. 7
62.2
64.9
78.4
113.5
73.0

130. 6
107.8
117. 0
131 7
116. 7
131. 2
131.4
115. 1
122. 3
133. 8
1 14. 1
147. 6

142.0
137.5
141. 1
154.6
132.7
169.8
141.4
120.6
120.3
126.2
121.9
136.5

131.7
10rj.4
118. 4
118.4
113.4
1210
131.7
111.7
113.4
120.0
llx 4
111.7

204.3
159. 5
210. 4
219. S
209.5
J05. 2
19S. 3
l'J9. 1
195. 7
194. 0
20X. 6
2,u . 8

162. 1
123. 3
Io7. 9
1 ~>j. 9
141.4
1 45. 7
142 2
i:'S. 8
141.4
147.4
135.3
lt>5. 5

202.0
162. 0
196. 0
200. 0
192. 0
202 0
200.0
178. 0
184. 0
182.0
164.0
204. 0

111.6
93. 6
106. 1
105. 6
99. 7
lOfi. 7
102. 9
104. 2
105. 9
117.8
111.0
120.6

109. 1
90. 1
104.4
102. 7
95. 5
104. 4
103. 0
104. 9
103. 5
114. 3
102. 2
116. 1

96. 4
82. 1
88. 1
86.9
89.3
90. 4
86. 9
82.1
78. 5
92. 8
96.4
97.6

131. 9
107.8
114. 7
1 18. 1
109. 5
115. 5
111.2
115. 5
128. 5
137.1
143. 1
143. 1

67.6
73.0
81. 1 !
81. 1
73.0
75. 7
67. 6
67. 6
78.4
83.8

201. 2
171. 3
175. 3
192 7

136. 6
110.5
120. 9
1°8 1

133.5 !
117.9 !
129.6 :

118.4
100. 0
111.7

133 3 :

1°1 7

237.
198.
238.
24°

150.
127.
150.
154.

202.0
164. 0
214. 0
190.0

108. 7
95.0
109. 4
105. 7

105. 2
92.1
106. 4
102. 2

84. 5
76.2
83.3
84. 5

130.2
110.3 !
123. 3 :
110.3

73. 0 :
67. 6
75. 7
73.0

100.0
115.6
63.3
63. 3
80.0
81.4
100.0
104.5
112.9 !

100.0
113.0
107.7
117.4
133. 6
128.0
142.7
150. 3
167. 2

100.0
115. 9
81.9
84.1
99.2
96.8
106.6
115.9
124.9

111. 1
86.7
111. 1
112.2
101. 1
105. 5
107. 8
97.8
110.0
107. 8 •
95.5
107. 8

175.7
138. 9
153. 5
159. 5
139.7
143. 3
153. 9
132. 8
130. 8
154. 3
150. 6
170. 9

141. 9
124. 3
135 4
147 6
131.9
152. 1
141.4
125 8
128. 4
134 8
125.6
150. 0

97.8
86.7
104. 4 :
118 9
114.4 :
121. 1 !
128. 9
113. 3
120.0 !
117.8
104.4
126. 7

142.4
121.0
135.0
139 7

117. 8 !
107.8 !
113.3
130 0

746 !

653

..
.!
DALLAS DISTRICT
Houston

1

Baltimore

60

247

Total,
Dallas
11
centers

Total,
7
centers

Toledo Colum- i Daybus
ton

167. 6
136. 0
162. 8
181 4
158. 7
168.0
176. 5
163. 2
163.2
170. 9
159. 9
197. 6

90

134. 4
121. 6
141.9

i Mav
i Juno
i Julv
Yugust
September .. .
October
November
December
1928
January
February..
. _.
March
\pril
May
June

YEAR AND MONTH

Cleve- Pitts- Y'ngsland burgh i town

Akron Cincinnati

RICHMOND DISTRICT

i
!
!
!
!
:

!
!
!
'
'
!
!
!
;
j
|

9
3
8
3

7
6
9
3

ST. LOUIS DISTRICT
SumSt.
mary Louis- !
for 5
vtile
Louis
centers

Fort
Worth

Memphis

50

;
Little
Rock

!
!
!
•
i

MINNEAPOLIS DISTRICT

centers

Duluth Minneapolis

st.

Paul

! Ile!ena

BTC

!

1• 9

*

"nhiO^

1 ' 9 T nombl i"5 <?' ve
920 moii ii u t i i e
1
21 Uzonthl a\n ige
1922 m )i thi a \ e i sP
19_ 110 thl

u e ige
1

1 L?n ii m i M n v C uf
i
1 »27 mo i hi* \ u i o

193U
January
Fcbruarv
March
\p-il

February
MarHi

161

138

92

i«:

r*»

M-

130

36

659

90

354

162

11 !

100.0

100. 0

100.0
119.6
109.8
119.6
93 5
78.0
82.4

100.0
10" 4
SO )

100.0
U ->
»2 0
*7 x
ICi 9
kV 12u X

100.0
10) -,
1 >
9 2
0^ 4
10s 2
'0 x

100. 0
107. 4

100. 0
125. 0
1U 7
127. 8
169.5

100. 0
IDS. 5

1 00. 0
1 20. 0
:~4. 4
s2. 2
85. 5
117.7
US. 2

100,0
109. 6
S4. 2
85. 0

100,0
98.2
75. 3
97. 5
106. 8
101.6
Ii.S4. 7
102. 2

100.0 !
109.0
100.0 ,
90. 9
S I . 's !
X". «,
X... r ,

^-.1.3

78.9
f;4. 4
80.0
73.3
101. 1
9(1 0
N). 0

110.5
95. 2
109. 9

105.6
97. 5

si.x

(,r. 7

'<!. x

77. ^

107.' 8

llx. 9
120.9
1104
119.8

-!.s
()
/. 9
190.0
°0 9

77. ^
xx. 9
1.33.3
!• ' 1

... _

.. . .

... . .

Mav
June.- -. ... .
J

See footnotes on p. 20.



114.3
90. 7
96.9
107. 5

So'. 2
81.2
89. 0
91.2
103. 6
126.0
131.9

103. 2 !

157.8
129. 2
134. 2
119.3
112.4
117.4
121.7
112.4
139.7
150 3
137. 3
146.6

110. 1
103.6
123. 2
120'. 3
108.7
115. 2
121.7
121.0
148. 5
155. 8
132. 6
151.4

92.4
80.4
87.0
81. 5
79.4
85.9
100.0
94.6
95.7
102.2
98.9
107. 6

128 2
114 2
123.8
117.3 i
110.5
111.5
111.5
110.9
134.5
145.1
136.2 !
149.7

138. 5
122. 4
131. 1
126. 7
112.4
116.8
115.5
117.4
151. 5
166.5
160.9
167.1

139.8
125. 4
129.0
118.8
119.6
114.5
115.2
123. 2
152. 9
154. 3
133. 3
157. 2

97.8 !
90.2
105.4
98.9 i
95.7
100.0 i
102.2
90.2
98.9
113.0
115.2
130.4

131.0
114.5
130. 2
122. 2
124. 5
128.8
1 20. 3
115.5
124.0
138. 0
134.1
145. 1

131.4
120.5
134.0
121.8
118.6
126.9
123.7
114.1
119.2
125.0
118. 6
129. 5

132 0 !
118.0 !
129.7 |
121 3 i

147.2
132.9
142.9

134. 8
118.8
132. 6
123.9

113.0
97. 8
108. 7
105.4

135.4
119.7
132.9
128.2

124.7
110.0
120.3
111. 1
103.8
109.4
114.6
108. 8
128. 6
137 6

MPV
June
Julv
August
September
October

December--.
1927
Januarv
February
March
April.
Mav
June
July
•Vugust
September
October
November
December
1928

521 !

100,0
117.4
94.2
97 9
101.3
101.5
112.4
119. 1
124.4 ,

13sl 9

:

..

13L5

129.8

.-- ..

9-t

i

110 i
110 <
1
J j- 2

106. 6
101. 1
111.7
111.5
in;-. ?>

12-> h

pi. i
11', 4
IV 4

i
i
!
!
j
!

_~ 4

i 32 (

' -t

132. 4
101.4

131 "

J-' "

10,-).' r
101.

12
1J!
27
1H
120
13"
12"
135

i
9
''
1
<•
8
4
4

29 9

ll" 2
I

5
101.5
100. 7

is?;. 2

204. 9
22!5. 4

244.5
211. 1
225.0
213.9

8'->. 0
94. 8
104.2
104.9
1 i 0. 0

104. 1
90. 9
105.4

lii.'o

133. 8

247.' 2
286. 1

100. 6
101. 6
105.0
99. 2
110.6
118. S

118.4

233. 4

113.6

:

126.9
107.3
123.0
118.7
120.9
124.8
116.4
111.8
113.6
124.8
123. 4
139. 1

114. 7
105. 1
116.2
105. 1
114.7
107.4
94. 1
93.4
132. 4
161.0
147. 1
143. 4

219.5
197.2
225. 0
186. 1
183. 3
197. 2
200. 0
197.2
227.8
277.8
280.6
258.4

95. 1
84. 6
97.5
9^.0
99.1
100. 9
102. 7
101. 3
138.4
153. 8
130. 3
117.9

129.5 !
119.9 l
131.4 !
130.1 •

130. S
115.4
127.6
125.0

123.5
99.3
115.4
103.7

227. 8
208.4
230. 6
211.1

101.2
91.8
111.5
107. 6

, > > ->
12 7

1(

ir. 4 .r* x
12x 2
119 J
12i 9

129 X
l_l b
132 3

!
,

!
:
!

1 SO. 6
211.1

10°' 2
84.4

103! 8
1 19. 4
1 10. •}

9 '
100.0
111.1
^.9
77. s
X-.9
7^.7

Hi5.fi
103.4
105.4
111.6

109. ;-;

lOO.'fi
1 01. 9
-3. x
93. 8
cju 4
116.7

106. 7
203. 3
153. 3
95.5

100. 0
87.9
98. 9
99.2
104.8
103.1
107.4
110.2
150. 6
155. 7
128. 0
120.9

1 00. 0
93. 2
1 i 2. 3
104.9
94. 4
100.0
104.9
95. 7
101.9
124. 7
1?4 7
124. 1

72. 7
63. 6
SI. S
Si.x
72. 7
72. 7 :
!•'). 9
90. 9
90.9
109. 1 !
81.8 i
90.9

8\ 9
66. 7
77. 8
77.X
77. 8
77. a
88. 9
77. 8
111.1
144.4
111.1
111.1

71.1
61.1
80.0
75. 5

105.9
95.2
116.4
118.4

109. 3
101. 9
118.5
102. 5

72. 7
63. 6
81.8
72.7 !

88. 9
SS. 9
111.1
100.0

67. 8
58. 9
66. 7
S&9
96. 7
80.0

'

20
RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS—Concluded
GROUPED BY FEDERAL RESERVE DISTRICTS
:]

KANSAS CITY DISTRICT
YEAR AND MONTH

Total
14
centers

Denver

1919 average, millions of dolls.

1, 231

146

1919 monthly average . .
1920 monthly average
1921 monthly average
1922 monthly average
1 923 monthly average
1924 monthly average
1925 monthly average
1926 monthly average
1927 monthly average

100.0
109.8
82 0
84. 2
90.6
85. 7
95 5
100 4 !
102. 4

1926
January
February
March
April
May
June
July
August
September
October .
November
December
1927
Januerv
February
March
\nnl
Ma^
June
July
August

!

i
i
1
i

Jaimnrv
Febvu ; irv
March "
April
Mav
June

>
1928

j

100 0
139.7
98 6
102. 7
111.6
112. 9
121 5
123 2
120. 4

100.0
94.9
74.6
74.3
84.3
81.4
90.1
93.4
93.8

100.0
95.5
67.4
73.1
77. 7
69.7
76. 9
75.4
76.0

119.9
104 8
121.9
119.9
111 6
119 2
139 0
120.5
134 2
139. 7
117.8
130 1

93.5
78.0
87.4
85.0
84.7
89.1
115.7
101. 0
95. 6
100.5
92.7
98.1

72.4
67.8
83.0
73.5
73.5
78.4
81.4
79.9
71. 6
78.4

i
i

121 9
94.5
124.0
126 7
123 3
118 5
115. 7
115.7

88.9
78.9
88. 6
87.2
88. 9
91.3
99. 0
101. 9

74.2
65. 5
76. 5
73. 5
71.6
7o. 4
76. 5
80. 7

"'OS 9
104.6!
114.3

:

264

102 3
88.9
101.9
98. 2
97 2
101 2
104. 5
104.2

...

413

100.1 i
84 4
99.0
94.3
92.0
99 5
115. 1
101.9
101. 5
108. 8
100.6
108 1

.

October
November
1 December

St.
Kansas
City, O m ah a Joseph.
Mo.
Mo.

132 2
126.0
126.0

109 4
94.4
105.8

inn. rp
94 >
107. 5
101.9

HP. P
106 8
126 0
125.3

99. 9
3
85
100. 0
93. 2

i
i
!
:

SAN FRANCISCO DISTRICT
Oklahoma
City

PortSan
!
land,
FranOreg. | cisco

Total,
Los
18
centers Angeles

Tulsa

68

94

1,909

314

100.0
153.0
129.4
119.2
114.7
112.1
127.4
139.1
154.6

100.0
131.9
88.3
105.3
104.3
89.5
112.6
136.0
139.2

100.0
123.2
104.4
107.2
126.3
128.9
142.9
155. 7
172.3

100.0
139.2
143.0
165.0
223. 6
236.7
251.1
278.1
280.6

78.8
64.7
75.3
65.9
70.6
77.6
78 8
69.' 4
71.7
76. 4
72.9
78. 8 !

150.0 :
125.0
141.2
129.4
128.0
141.2
147.1
132.4
139.7
141.2 ;
138.3
155. 9

136.2
107. 5
133.0
130. 9
127.7
136.2
145. 8
130.9
139. 4
141. 5
136. 2
167. 0

157.2
153. 7
171.2
154. 8
144. 9
151.7
ICO. 8 |
147.0 I
153. 4
159. 1
145. 5
168. 7

281.9
268. 5
310. 5

154. 9
128.0
157.4
151. 5
148. G
161. S
151.5
1 32. 4

iro.7

16° 3
169." 2
189.8

Tl.9
131.9
173.4

164.9
T9.9
1W6. 4
172.2
161. 4
l'io. 8
164. 1
15s. 7
171. 5
1S4. 2

pns. °
29.\ 3
349.1
303.8
2SO. 5
281.2
279.0

83. 3
73. 5
76. 9

71.7
60.0 '
68.2
61.2
67. 0
68.2
67. 0
67. 0
65. 9
68.2
67.0
71.7

76. 9
75. 4
88. 3
76. 1

72. 9
68. 2
77. 6
64.7

160. 3
144. 2
164. 8
166.2

140. 4
124.5
128.7
126.6

85

100.0
97.6
81.1
69.4
72.9
71.6
72. 7 1
73.4 1
66.9

!

1
:

73'. 5
1

181

Oakland,
Calif.

Seattle

63

\

100.0
96.1
67.0
73.3
83.0
87.7
98.0
103.2
105.8

100. 0
160. 3
128. 5
144. 4
192. 0
196. 3
227. 3
273. 0
356. 6

92.8
87. 3
100.6
95. 6
100.6
101.7
105. 5
107.2
104. 4
109. 4
105. 0
102. 2

138.6
152.9
157.8
137.0
128. 7
132. 8
141. 5
129. 5
132.3
138.6
123. 2
145.2

100.0
88.3
110.7
107.3
97.6
102. 9
104.8
104.8
113.6
108.2
97.1
102.9

265. 0
257. 1
295. 2
266. P.
250. 7
266. 6
293. 6
242. S
263. 4
261. 9
241 °
371.4

29 -.9
305 8
330. 0

89.5
82.3
88. 4
94.5
99. 5
90.1
90. 6
94.5
100.0
101.7
105. 0
94.5

144.8
154.6
176.7
161. 7
151.7
157. 9
156. 7
147.9
168. 8
188.2
174.2
197.3

91.7
88. 3
107.8
107. S
98.5
106.3
99.5
112.1 !
117.0
115.0
108. 2 i
117.0 !

379' 3
361. 8
339. 6
360. 2
344.4
333. 3
339. 6
358 7
353! 9
436. 4

!
!
i
!
!

183. 3 !
179. 1
212.6 i
191. 3 1

127^7

206

100.0
124.6
101.9
94.8
104.0
107.1
126.1
138.2
165.0

1C*'. 2

133. 0
128. 7
137.3

760

100.0
108.8 !
82.3 ;
76.2 i
86.2
89.4
92.0 1
101.0
94.2

317. 5
309. 3
366. 6
332. 2

84.5
81.2
91.2
89. 5

180.4
188. 5
221.6
189.1

108.2 :
97.1 j
133.0 !
r73 8 !

396. S
336. 4
414.2
430. 1

'
;
1

!

253.' 2
275.2 '
292. 4
260. 2
271.4
281. 6
264.7
301.9 I

!
'
|
!
i
!
!
!
i
!:
•
:

:
i

;

:

•

DISTRICT TOTALS— SEASONAL VARIATIONS ELIMINATED 2
!

YEAR AND MoNTH

1919 monthly average
1920 monthly average
1921 monthly average
! 1922 monthly average
i 1923 monthly average _
' 1924 monthly av^-raee
1925 monthly average
1926 monthly average

100.0
106. 0
88. 7
97. 8 1
103.3 !
10° 5
126 7
135. 4 !!

1927 monthlv average

January
February
March
•Ypril
Mav.
June .
' July
I August
September
October
:
November
! December
January
February
March
I \pril
Mav
June
July
August _
September
October
November
December

!
i
'
1
!
.!
i
i

.

1

January..
February
March.
April

!
!

1
.

.

.
_
.
1928

June

.

-

100.0
99.3
85. 1
98. 5
98. 0
108.3
128.6
139.0
160. 2 i

158.1

138. 5
139 9
5
149
141. 8
128.2
130.9
137. 3
136.4
132. 0
131.4
124.1
135. 1

149. 8
143 0
147 3
156. 6
145.0
141.9
147. 9
141.8
140. 9
154.0
142.9
140. 3

Philadelphia

York

100.0
109. 5
101 9
105. 4
117.1
121 1
136 6
146. 0

150.0

192G

1927

Boston

totli :

1

|
!
1
!

100.0
105.1
95.9
102. 5
114.4
116.8
129.4
132. 1
140. 0

142.4
142.8
159 0
145. 7
128. 3
133. 1
138. 7
143. 5
136. 2
133. 4
124. 0
140.8

136.2
135. 7
142.6
141.6
129. 1
129.4
138.8
125.3
133.3
135. 3
131.4
jgQ 2

CJeveland

!
i
1
I
;
!
i

Richmond

100.0
116.4
89. S
94. 5
111. 1
109.5
122.0
127.4
130. 7
;
I
;
!
1
'
i
!
1
!
j

100.0
112.1
95. 6
89.5
98.8
96.5
106. 8
108.5
107.3

100.0
115. 6
84.4
85.9
99.9
105. 3
124. 8
128. 4
124. 1

132.5
126. 6
128.3
130.4
123. 0
124.0
131.9
126.3
125.9
131. 1
124.7
1^3 "

111.0
117.5
115. 3
114. 6
104.8
10S. 1
116. 7
99.1
105.4
105. 9
98.0
105.9

!

132.9
135. 7
140.3
140. 6
125.8
123.3
131.2
125. 6
127.8
128.0
111.7
118.0

IOG. o ! 100.0

116. 1
92.0
96. 8 i
109.0
110.8
123.8
132.1
137. 9 !
135. 5
135. 9
139. 6 !
137.0
130.9
132.1
134. 5
131.3
124.3
126. 4
125. 2
132.0

[

139.9
149. 8
154. 6
152 0
144.5
146. 8
144.7
155.8
159. 6
148.0
149. 5
155. 0

i
!
:
'
>

160.9 '
169.3 : !i
186.6 ;
182.8 i

150.3
157. 8
163. 4
164 5
154.7
154. 8
150.8
155.7
163. 0
159.9
161. 8
160. 6

i
;
•
!
i
i
i
i
|

166.5
157.8 !
167.8
174.5 1

145. 4
157. 5
166. 3
159. 2
150. 6
155. 2
153. 5
172. 7
176. 7
157. 7
159. 2
167. 9

|

!
!
!

175.8 !
187. 5 •
215. 0 i
206. 5

Minne- Kansas
apolis
City

St.
Atlanta Chicago j! Louis

139.7
145.6
146.3
143.6
139.8
134. 2
135.3
135.4
141.5
136.5
141.2
141.4

i
!
i
!
1
!
1
i
\
i
!
|

136.3
143.2
137.9
148.8
136.1
146. 1 i
137.0 I
132.1
131.8
131.5
128.8
130.5

107.6
109.2
109.8
112.8
103. 3
104. 0
102. 3
107.5
110. 9
108.4
106.5
104.8

121.4
130.4
125.3 i
129. 4
120.7
119. 9
122.8
126.3 •
135.8
124.2
114. 2
119. 1

132.0
135. 9
136. 7
142.0
141.5
139.6
133. 1
140. 2
139.7
135. 0
137.2
141.4

148.0
146.5
156.9
159.3

!
i
1
!

136.8
139.4
137.5
140.8

104.8
110.9
113.3
112.4

117.6 !
126. 6 i
126.0
124.6

145. 4
147. 4
154. 2
159.7

1

|
i
;

!

i
!
j
!
i

i
!
!
i

San
!
Francisco i

Dallas

no! 3

110.5 I
124. 1
127.3 !
127. 3

100. 0
108. 5
82.9
87.9
95. 0
103. 1
114.4
105. 3
109. 5

100.0
109.8
82.1
84. 1
89.7
87.0
95.4
100.3
102.3

100.0
118.0
94.3
97.9
101.1
101.2 !
112.4
119.4
124.5

129.6
128.9 i
129. 9
131.6
128.0
125. S
131. 6
124.0
127. 1
125.8
125.0
120.5

103. 5
114. 5
112.4
107.9
105. 1
103. 6
110. 2
103. 7
100. 1
100. 3
100. 5
102. 3

96.8
96.1
96.9
98.4
93.2
99. 7
114.8
99.8
100.2
102.6
101.0
104.2

116.4
124.9
123.1
122.6
111. 6
116.8
127.9
121.0
124.3
116.9
112.3
114.8

105. 5
89.1
94 2

122. 1
126. 8
129. 7
127. 2
127. 0
127. 7
123. 8
126. 6
130. 5
126. 0
131. 6
129. 1

!
i
!

i

126. 2 j
132. 6 I
132. 4 i
133. 4

94.5
106. 5
103. 9
104. 4
105. 6
102.9
107.9
105.9
125.2
129. 9
121.0
106.2

1

100. 6 >
115.6 i
118.9
114. 6 1

98.9
101.3
99.8
102.5
98.5
101.4
104.2
102.2
101.3
102.7
105. 0
110.2

119.7
129.6
126.7
129.5
118.8
119.0
124.4
123.4
130.0
123.3
123.1
126.4

102. 5
107. 7
105.3
106. 4

123.2
133.9
132.8
133.9

:

s
:
!1
i
i
!
i
i
:

100. 0 i
123. 4
105. 4 :
107. 1
126. 4
129. 4
142. 9
156. 2
172. 4
158. 6
1S3. 4
167. 4
162.1
150. 0
152. 9
162. 8
151.4
151.9
146. 1
140. 0
147. 7

j
'
;
'
|

166. 4
190. 8
182.2
l&O. 3
167. 1
167. 1
166. 1
163. 4
169. 8
169. 1
173. 3
173. 6
185. 0
213.7
207. 8
200.3

!

1 Compiled from data collected by the Federal Reserve Board, this table supplements similar data published in the October, 1923, SURVEY (No. 26), pp. 51 to 55, and
which have been carried forward since that issue in the July, 1924, SURVEY (No. 35), pp. 58 to 60, the April 1926, SURVEY (No. 56), pp. 24 to 26, the October, 1926, SURVEY
(No. 62), pp. 22 to 24, the March, 1927, SURVEY (No. 67), pp. 28 to 30, and the November, 1927, SURVEY (No. 75), pp. 28 to 30. Subsequent comparable data will appear in
the advance reprints.
2 Compiled from data collected by the Federal Reserve Board, supplementing similar data published in the February, 1924, SURVEY (No. 30), p. 25, and which nave been
carried forward since that issue in the aforementioned issues. Subsequent comparable data will appear in the weekly supplements.




21
INTEREST RATES NEW YORK MARKET
[Per cent]

i
1909

1913

1910 1911
1

!

i
1913

j
1914 1915

1916

1918

1917

1919

1930

1933

1921

1933

193i

1935

1936

1937

1938

i
TIME LOANS (90 DAYS)

January.. _
February
March...
\pril
Mav
June
July
.-.
August
September.
October
November
December

!

Monthly av

4.37
3.63
3.83
4.06
3.94
3.37
3.88
3.75
4.17
4.66
4.69
4.00

3.50
3.19
2.94
2.78
2.78
2.78
2.85
3.19
3.45
3.63
3.59
4.00

3.13
2.88
3.36
3.56
3.28
3.13
3.50
4.10
5.34
5.70
5.93
6.00

3 26

---

2.65
2. 78
2.65
2. 50
2.59
2. 59
2.37
3.28
3.65
4 57
4 87
4 65

4.03

3.22

4.16

4.37

I
!
i
!
i
'<
!

j

i

3.40
2.88
2.88
2.91
2.90
2.63
2.68
2.88
2.78
2.83
2.78
2.68

2.73
2.75
2.88
2.85
2.94
3.31
3.95
3.31
3.33
3.38
3.22
4.33

3.22
3.75
3.85
3.97
4.56
4.95
4.75
4.38
5.35
5.44
5.44
5.83

5.81
5.81
6.00
5.94
5.88
5.83
5.75
6.00
6.00
6.00
6.00
5. 73

5.51
5.61
5.76
5.84
5.70
5.94
6.25
6. 36
6.03
6.40
7.02
7.60

7.65
8.78
8.44
8.31
8.50
8.31
8.59
9.00
8.48
7.93
7.84
7.34

7.38
7.50
7.25
7.25
7.00
6. 78
6. 48
5.91
5.64
5.56
5.35
5.28

! 4.88
5.00
; 4.66
1 4.44
4.31
4. 25
4. 10
4.27
4.61
! 4.98
i 5.06
| 4.97

4.69
4.98
5.39
5.41
5.09
5.01
5.25
5.39
5.56
5.20
5.07
5.00

4.77
4.78
4.60
4.50
4.01
3.33
2.94
2.85
2.97
3.07
3.41
3.73

3.73
3.79
4.13
3.95
3.86
3.92
4.03
4.33
4.61
4.94
4.96
4.98

4.79
4.68
4.72
4.29
4.05
4.20
4.44
4.75
4.94
5.00
4.75
4.69

4.50
4.44
4.44
4.44
4.38
4.50
4.44
4.13
4.13
4.32
4.19
4.13

2.85

3.90
3.06
3.00
2.91
2.73
2.59
3.03
6.98
7.88
6.75
5.53
4.05

4.64

:

4.28
4.31
5.32
4.56
4.00
4.25
4.47
4.60
4.65
5.03
4.97
5.18

3.25

4.62

5. 90

6. 17

8.26

6. 45

4. 63

5.17

3.75

4.27

4.61

4.38
4.56
4.63
4.94

4.34

CALL LOANS (EENEWAL)
January
February
March
April
May
June
July
August
September
October
November
December

.

1. 81
2.25
i 1. 84
i 1.92
! 1. 84
1.88
1.82
... 2.12
'< 2 52
i 4 05
4.59
5. 00

4.69
2.77
2.82
3.54
3.63
2.78
2.60
1.53
1.84
2.93
3.50
3.28

3.44
2.34
2.34
2.33
2.28
2.38
2.38
2.34
2.30
2.28
2.50
4.05

2.50
2.22
2.43
3.16
2.75
2.75
2.91
2.88
4. 59
5.22
6.43
6.25

3.53
3.31
4.07
3.56
2.77
2.37
2.18
2.32
2.90
3.31
4.25
4.50

3.18
2.35
1.88 j 1.97
1.91
1.97
1.84
2.13
1.83 2.00
1.84 ; 1.84
2.41
1.83
6.50
1.88
7.00
1.91
6.80
1.95
5. 81
1. 97
3.60
1.98

1.90
1.88
2.03
2.08
2.19
2.88
3.10
2.25
2 75
2.63
2.69
4.48

2.03
2.31
2.25
2.41
2.84
4.50
3.50
2.88
4.48
3.66
3.88
5.20

4.44
4.94
5. 15
3.81
4.69
5.02
5.75
5.80
6.00
6.00
5.78
5.45

4.87
5.02
5.05
5.36
5.34
6.30
6.45
5. 30
5.62
7.45
10.43
8.06

8.61
9.38
8.13
7.43
7.10
7.47
8.39
7.26
7.07
7.79
7.78
7.00

6.72
7.27
6.83
6.54
6.78
5.98
5.58
5.56
5.12
5.23
4.97
5.14

4.52
4.90
4.22
3.97
3.90
3.72
3.86
3.75
4.34
4.73
4.89
4.65

4.32
4.82
5.14
4.87
4.70
5.00
5.06
4.97
4.93
4.75
4.80
4.86

4.39
4.33
4.04
4.21
3.38
2.25
2.10
2.00
2.07
2.32
2.42
3.49

3.32
3.60
3.97
3.86
3.82
3.97
4.09
4.19
4.62
4.87
4.75
5.32

4.33
4.85
4.55
4.06
3.81
4.15
4.27
4.52
5.02
4.75
4.56
5.16

4.32
4.03
4.13
4.18
4.26
4.33
4. 05
3.68
3.80
3.90
3.60
4.38

2. 64

2.99

2. 58

3.67

3.26

3.72

2.57

3.33

5.24

6.27

7. 78

5. 98

4.29

4.85

3.08

4.20

4.50

4.06

1922

1923

Monthly av

1.9S

i
1
1
1Q22 ; 1923
1924 j 1925
i
i

1920 ! 1921
T\TnxrTrr

1926

1927

1928

1920

PRIME COMMERCIAL PAPER (4-6 MONTHS)
January .__
Februarv
March
April
Mav
June
Julv
August
September
October
November
December...

6.00
6. 50
6. 75
7.00
7. 50
7. 75
!
8.00
_ _ _ J 8.00
i 8. 00
!
8.00
8.00
1 8.00
i
_ i
|
. !|

_

_ _

.

Monthly average

7.46

'
;
!
:
,
!

i
'
'•

;

7.75
7. 75
7. 75
7.50
7. 00
6 50
6.25
6.25
6. 00
5.75
5.25
5.00

4.75
5 00
4.75
4.50
4.25
4 25
4.00
4.00
4.25
4.50
4.75
4.75

4. 50
4 75
5.00
5.13
5.00
5 00
5. 00
5. 25
5. 38
5.25
5.00
4.88

6.56

4.48

5.01 ! 3.88

[

:
i
i
!
\

4. 75
4. 75
4.63
4.50
4.38
3 63
3. 38
3. 13
3 25
3.13
3.38
3.63

! 4.38
< 4 25
4.38
j 4.38
i 4.00
i 4 00
i 4. 13
]
4. 38
i 4 63
| 4.63
I 4.50
! 4.50

4.25
4 13
4. 13
4.13 ;!
4. 13
4 25
4.25 :
4.00 i!
4 00
4.00
4.00 s
4.00 '

4.03 i 4.35

4.11 i

3.50
3 75
4.00
4.00
3.88
3 88
3. 88
4. 13
4 25
4.38
4.38
4.38

. . _ _ ...

5 30
5.38

_
...

. . . . .
...

Monthly average

_

!
i
i
!
•

3.08
3. 17
2.90
3. 11
3. 27
3.47
3 58
3.35
3 11

3.03

3.25 ! 3.11

2.77

3.47 ! 3.93

i
i
!
]

3 49
3 18

2.78
2.78
2.73
2.86
3 06
3. 01
3. 16
3 53
3.65
3 51

2 61

4.83

5.20

2 fi'2

3 76
3 65
3 54
4. 12 :; 3 57
4.13
3.38
3.95 ! 2.99
3.84
2.44
3. 90 ' 1.92
3.86
1.90
4.01 < 2. 14
4, 22
2 41
3. 94
2.58
2 57
3 88

4.99 i
4.60
4.75
4.75 i
4.21
4.03
3 90

5. 10 :

_ _..

:

3 81
3. 55
3.21
3.25
3.25
3.20
3.13
3.34
3. 71
3. 66
3 65

;

i
!
ij
:
i
i
!

1921

1924

1925

1927

1926

1928

PRIME BANKERS' ACCEPTANCES (90 DAYS)
4.00
4.00
4. 13
4.38
!

5.25
5 50
6.00
6.25
6 25
6 25
6 25
6. 25
6 25
6.25
6 25
6.25

5.88
6 00
6.00
5.63
5.75
5 50
5 25
5.00
5 00
4.50
4 25
4.13

4.00
4 00
3.75
3.38
3. 13
3 00
3.00
3.00
3 13
3.75
4 00
4.00

4. 00
4 00
4.00
4. 13
4. 13
4 13
4. 13
4. 13
4 13
4.13
4. 13
4.13

6.08

5.24

3.51

4. 10

U. S. TREASURY NOTES AND CERTIFICATES
(3-8 MONTHS)

Februarv
March
April.
_.
May
June
_
July
August.
Beotember . _
October
November
December

4.24
4.38
4.47
5.08

3 " 3 31
3 29
3 33
3.27
3.62
3.39
3.33
3.09
2 96
1
2. 70
2.81
3 OS
3.04
3 17

3. 00
3 13
3.25
3. 13
3. 19
3 25
3. 25
3. 25
3 50
3.50
3. 50
3. 50

3. 63
3 63
i 3.63
! 3. 38
i 3. 25
3 31
!
3. 38
i 3. 56
i 3.88
! 3.85
;
3. 80
: 3.80

3.69
3.69
3.63
3.63
3.63
3 63
3.50
3.13
3 13
3.25
3. 25
3.25

2. 97 ! 3. 29

3. 59

3.38
3.50
3. 50
3.75

3.45

i 4. 13
4 06
1 4.06
3. 94
! 3. 25
2 31
i 2. 00
; 2. 13
!
2 19
2.25
2 3S
; 2.88

;

1
;
1
i
i
;
i
,
;

LIBERTY AND TREASURY BONDS
4 98
5 09
5. 14
5.35
5. 65
5.59
5 63
5.73
5.63
5 36
5.54
5 76

<5 4S
5 55
5. 52
5.48
5.49
5.49
5 47
5. 40
5.28
5 93
4.73
4 54

i
i
1
i
i
,

4 54
4 58
4. 44
4.30
4.27
4.25
4 IS
4. 18
4.22
' 4 33 i
4.43
4 42

5.45

5.37 i 4.35

4 41
4 41
4.49
4.51
4.48
4.44
4 43
4.43
4.45
4 50
4.44
4 41

4 39
4 29
4.29
4.24
4.15
4.01
3 94
3.92
3.95
3 93
3.98
4 05

4 04
4 02
4.02
3.96
3.93
3.90
3.95
3.98
3.98
4.02
4.04
4 04

4 04
4 01
3.98
3.94
3.93
3.90
3.93
3.95
3.96
3 95
3.91
3 84

4.45 i 4.09

3.99

3.95 1

|1 2 3 60 3 35
3' 58
3. 36
1 3. 48
3. 30
3. 47
3. 32
! 3.44
i 3.47
3.48
i 3.45
i! 3.44 i
3 43
i 3.39
! 3 34

3.46

1
Compiled by the Federal Reserve Board, except time loans prior to 192-3 and call-loans prior to 1921, which are from Ogle, Dunn & Co. Time-loan rates are those prevailing on the New York Stock Exchange for 90-day time loans, while call-loan rates are the average renewal rates on the New York Stock Exchange.
j
Beginning with 1927, Liberty bonds are excluded and the average yield is calculated upon 3 issues of Treasury bonds (3%, 4, and 434) to their last redemption dates
(1925 to 1958). Prior to 1927, the yield is calculated on Liberty bonds only.




22

MONETARY GOLD STOCKS AND MONEY IN CIRCULATION, END OF MONTH
MONETARY GOLD STOCKS '

MONEY IN CIRCULATION 2
i

MONTH

| 1922

1925 ;

1921

1923

i

1926

1928

1927

1922

1923

1925 1

1924

!

1926

!

1

1927

1928

$4, 846

$4, 677

i

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

i $3, 685
_J 3, 723
! 3,760
! 3, 764
i 3, 771
i 3, 785
3 829
3 855
' 3 873
1 3' 888
!
3 9^6
' 3 9^9

__

Monthly average

-

j

$4,289
4,323
4,364
4,411
4,455
4,488

$3, 953
3,963
3,970
3,982
4,028
4, 050
4 079
4 111
4 ^36
49
167
4- 07
4 24.4

3, 814

i $4,423 '• $4,412
j 4,369 i 4,423
! 4,346 ! 4,442
! 4,350 i 4,438
4,361 i 4,433
i 4,365 '• 4,447

4.587

4,379

4.454

4, 407 .

4 4 .
47:-'

580
588
571
;"41
451

4,468

!
|

;

4.555 ;

4 471
4 473
4 466

4, 497

4,267 : j

I
4, 608 !!

4 77

4 397

4,451

4,610

4 4<-.o

4 5° 7

4, 074

4, 305 |

4 3M<-» '

4, 370 i!
4 383
4 382 :i

4 .tuq

4. 597

4
4
4
4
•i

4. 511 i
4 521 i
4 5H •

4, 509

$4,564 I $4,373 ! $4,441
4,586 ' 4,362 1 4,491

!
'
i
'
;

$4,614
4,703
[

!
4, 455 !

4,463 :

!

4, 424
4 4*0
4 008
4. fVH
4- 704

$4, 777

4,759

4, 860

4,905
4,849

4, 797

4,823

4,904

4,789
4,841
4, 815

i
;
;

4, 787
4 876
4 945
4, 925
5 018

5 044.

4,837

4,907

:

4,885

;

4, 749

4,891

5 044
5 104

4,941

4,748

4. 893
4, 851
4, 846
4 854
4 948
4 940
4 952
5 003

4,884

4, 891

4,690

4, 862

4, 923 '
4, 885
4, 909
4 930
4 978
5,021
5 037
5 095

4, S98

4,795

4, 756
4 859
4 863
4, 942
5 052
5 047

4 ^17 ',

„

$4, 841

4,818

4,853

4, 853

4,541 i

4 'J.7C; I

|
:

$4, 802

4,887
4,899

4, 747

4 867
4 916

4,969

1
Compiled by the Federal Reserve Hoard and consists of gold held in the Treasury and Federal reserve banks plus the amount in circulation. Gold held abroad by
Federal reserve banks is included, and gold in the United States earmarked for foreign account is excluded. A complete description of these figures is presented in the
Federal Reserve Bulletin for December, 1927.
2
Compiled by the U. S. Treasury Department, representing all money hold outside the Treasury and the Federal reserve system, and including gold and silver coin
and certificates, minor coin, and notes. Details by classes of money ;ire presented in the monthly circulation statement of the Treasury. These data revise previous
figures and include minor coin, which was not included heretofore. A complete description of the revisions is presented in the Federal Resent Bulletin for December, 1927.

PRODUCTION OF ELECTRIC POWER BY CENTRAL POWER STATIONS AND BY l
MANUFACIUSING PLANTS, AND RECLAMATION PROJECTS

RAILWAYS

STREET
RAILWAYS,
MANUFACTURING
PLANTS, AND RECLAMATION PROJECTS

CENTRAL POWER STATIONS
MONTH

1920

3.462

Januarv
February
Mar eh
April
May
June
Julv

1921

o oo'j

3, 1 4"

-1 39 i

3 1-2
3 219
3 ' 97
3 3U4
3,. il

September
October

3 37.1
3,411

December
TV a1 1
"Monthl^ " average

40 oil
3 334

' ^b
3 107
2, 9' 0
2, 991
9 97-"
3 l.'S
3.113
3. 303
3 351
3. 491
o- - ^

3 199

192S

3, 457
3 4't
u

~ 1 '>

3 5 -v
3 575
3 7~'<
3. 74' >
4.0 7
4 0/1
4 ^ 707
3 IV)

< 40 (|
"7
4 '!'
41 :
4. ,('-,

4^11 4'* '
-it)")
^.^4
: 44 s

- H-M
1 b"0
" i 't'
1, s J A
4,cSS">

~ 7^
" 'M7
^ 74 ^
5, iu
5.42' 1

G v-

1920

1921

,,7
t > r '
t ~* >

j, ; b
-i •

<M,- ,
X
4
J!A
' ( »i
'> ;7
J ) , , ^ ( '4
j74
3<L'

b

"7*")
( > ''
(..«>,"
0 12

- -1
2-0

1Q22

1923

1921 ; 11)25

3 v,

3 "4
3o6
,»24
3^!

ro

413
351

">7
46

1 "(f

^

'~

•i - > t 9
4, is-5
4,5,2
44".;
4,579

4 3'*,
4;.!
4.^47
-+711
d, ,36

51 5"9
4 '97

5

54 c. N
4 5t,°

('

"

5 1 • ~> '
5.1")
5. V>0
5 ,,97
5 723

01 -i J1
5 ''^

^

~t~'"

\\ '

5 7~0
',MS
o, I f . 1 )
o 040
6. i"2

0 H
*,. i ;
(.,4'*2
( > -7
•' 7 " f t

G^ 7^6.
5 7,. J

~>VS->

'"N

)

s^
2».
2-_
'> J
ji'

74 7."iJ.
f ">' 0

^^
-M") '
.'5
0
6"
^2$

-)11

310
302
322
3^,s
3^4

^ ^ l

p

-? Q
-,20
^9'
3-17
56-1

^ 5 1 4 3 -i '7 o Q "o 4 > 0 " 4
<~,
">^ t ,
3">i
3-ij

426

0-

22

345

v,Q
46S
479

44-s.
446

-' ; j

^ " i'
^- ,

j _,

192$

-- >-±

4^c,
400

o50

31 1 '
4'

1928 1927

449

U

6
40^
42^
13i

4
"i
4J ( )
i5J
4'. 9

3S9
Oi
429
tu3
-xl 1
s ^ 4 i lf ) 5 f T G " i r n
1
9
417
i54

MISCELLANEOUS DATA
AIK MAIL 3

POTASH SALTS
Sales in Germany 2

Production in France i
,

1924

1925

1928

1927

1928

1924

1925

i
|

Weight dispatched

i

1926

1927

1928

192G

1927

..

27, 490
'(> 740
21,^00
20.4"»0

27,200
2->,000
29,000
20. '300

31,372
2-, 230
0-1, <>"2
28, .'99

3l', s'">r
3J/)27
2 ,740

22,300

26,0(0

2S,4"6

31,MO'

3V'"->
34 -'<}
.

7> 10S ' 20\0 J s >
10^ S3-) , 1-^3, ( - e '0
:*»,0(6 , b f . M 3

^5 "uO
1S2,660
139.397 ! 114.970
5'j, 9f'»
"0. 955

June..
July....
AugustSeptember..

202.010
208, 400
161,460
67,414

433 !
435 |
578 j

32,510 ! 144,289
35.037 ! 153.363
42J111 i 173,929
45.856 !

Sl..l^

30, .04

l - 7 , i 7 i | 1-»1,272
7S 711
7:,0' .

1928

Pounds

Metric tons, I^2O content
January
February
March
Anril

;

S2, >°<

32,404 i 102,051

11^,029

35,246 j 146,486
42,070
153,649 ;

!

54, MS

1 Compiled by Potasses D'Alsace, the French Government office having charge of potash mines in France.
Compiled by the Kali Syndicat, controlling the German potash market.
s Compiled by the U. S. Post Office Department, showing total weight of mails dispatched by air since the inauguration of the air mail in February, 1926. The department's monthly statistical report on this subject also shows length of route, frequency of trips, miles of service, and payments to contractors for each route.
2




23

WHOLESALE PRICES BY STATE OF MANUFACTURE
SEMIMANUFACTURED ARTICLES

RAW MATERIALS
MONTH

1923

1924

1925

1926

1927

102.3
103.2
102.8
100.7
98.1
96.5
94.5
95.2
98.0
97.7
97.0
96. 6

97.9
98.2
96.5
96.3
94.4
93.3
95.9
97. 9
97.1
99. 3
100. 1
103. 2

106.9
107.8
108.0
103.9
104.1
106.3
109.0
108.0
107.3
106.3
107 4
105.7

105.9
103.7
100.9
100.6
100.6
100.0
98.5
97.8
99.3
99.5
98 2
Qfi.9 j

97.3
96. 0
94. 0
92. 7
93.9
94 1
94. 7
97.5
99.9
99.5
99. 0
99.2

1 100. 2 111.6
99. 1 i 117.3
97. 9 j 125.8
100. 1 1 128.3
. ! 125. 2
:1 120 6
'• .
116.3
j
.. ' 112.2
.. 116.0
__ i 117.0
i
11 G. 5
._ 117.3

115.1
115.6
114.3
110.6
106.3
102.8
102.4
105. 5
106.0
107.3
108.9
109.7

no. i

109.3
108.0
104.5
102.5
102.6
102 9
104. 4
105. 0
104. 5
105.3
104.3

104.0
103.1
101.0
99.4
98.3
98.5
98 7
99.6
100. 4
99.1
98. 9
98.9

97.8 97.7
97.1
96.6
96.6
97.8
95.9 97.9
96 0
95.6
95 7
97.3
98.6
97.6 ------97.0
97. 7

9S.5

97.6

96.5

:

108.7 105.3

100. 0

96. 9

FINISHED PRODUCTS

99255

1923

1924

1925

1926

1927

1923

1928

1924

1925

1926

1927

i 100.4
101.3
102.6
102.5
101.0
99 9
98.5
97.4
98.6
98.1
96.8
96.6

98.6
98.7
97.7
96.2
95.5
95 0
94.7
95.6
96.2
96.7
97.6
99.9

99.9
101.4
101.8
100.7
100.4
101 2
101.5
101.2
100.7
101.4
102.1
101.5

102.1
101.0
100.1
99.9
100.7
101 1
100.2
99.6
99.9
99.3
98.4
98.4

95.9
95.8
94.6
94.1
93.6
93 4
93.5
93.4
94.0
95.5
95.3
95.3

99.5

97.0

101.2

100.0

94. 5

1923

1926 monthly average=100
January
February
March.
April
May .
June
July
August
September
October
November
December
Monthly average
1

!
i
i
1
i
j
1
i
i
1
!

106.7 ; 100.0

..

11^.6

!

93.9
94.8
94.8
95.9

Compiled by the V. S. Department of Labor, Bureau of Labor Statistics.

WHOLESALE PRICES: STRAITS TIN, NEW YORK
MONTH

1913

1911

1915

1916

1s) H

1315

1019 ! 1020

IK.

]

1923

1924

' 1913

1925

1926

19-47

1923

DoIIirs per noun 1

.4911 ,
.449.; '
i .10P-9
' .4172
.4217
.4'!5'J
. 3 )M
. 27Hi

May
June
July
August
September
October
November
December

. S3::0
.30').
.317o
,50,/J
.32,"9
.3039
. 3:J-.~0
. S.'J/J

.3S70
.411.)
.4417
.-i'2'v

]
I
i
|

. 02bO
.T2G,
.f>U;S
.MS5
.7442
.C"/5;)

.V»s!i'»
.vtOOO
.s:-'»0
.,M'h,()
.7400
.7150

' .7t)o9
' .r,37S
. ..1 S
"^
. :., I
.VL
1 .5417 \
, ...J i
::'o

. 4937
.4769
.440?
.40»U
.'\7(r2
,3il5 j ,321'J

CORN SIRUP AND STARCH 1
[In T nous-mi ; of pound.']

1920

1318

1924

1923

1935

1828

1937

DISTRIBUTION
CORN SIRUP (GLUCOSE)
Mixed sirup
Manufacturing confectioneries
Jams, jellies, and preserves
Bakers
Brewers (body sirup)

i
!
;
i

635,783
412,388
29,944
33,161
24,512

j
i
i
|
I

293,477
481,987
22, 995
57,336
13,081

STARCH
Bakers and millers
Baking powder
B rewers (refi nee! grit s)
Confectioners
Chemists, colors and explosives
Dextrine, makers and founders

Total distribution.

20,350
42, 828
2,664
26,800
27,200
26,284 I

i

[
!
i
j
|
;
!

25.667
I09J 782
121,988
12,496
65,018
9,033

699,401 !

19,469
54,388
1,723
31, 889
31,856
30,602

19,840
44,098
1,069
33,142
26, 631
44, 771

23,691
48,652
4,142
32, 650
29, 580
52,615

:

51,379
668,883
140,291
17,195
106^ 930
43,873

55,409
58,404
143,269
14,311
111,555
41,660

71,621
41,664
134,714
15,177
150,531
45,108

594,159
241,592

Paper, paste, asbestos, etc
Dealers and repackers (bulk)
Grocers (packages)
Laundry (bulk)
Cotton mills, etc
Miscellaneous

._

650,145
256,332

835,751

906,477

45,203
66,471
148,649
21,747
110,342
41,447

671,191

:

1,024,210

i Compiled by the Associated Corn Products Manufacturers, comprising total distribution of these products by manufacturers.




798, 922

24

TREND OF BUSINESS MOVEMENTS
The following table contains a summary of the month!}7 figures, designed to show the trend in important
industrial and commercial movements. These data represent continuations of the figures presented in the
latest semiannual number (February, 1928), 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
on inside front cover.
1927
The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

jiPer ct.

1
|

1928

i PER CENT INCUMULATIVE TOTAL j i
FROM JANUARY i j j
|| CREASE (+) OR , :
! DECREASE ( — ) , ;
THROUGH APRIL 30

192T

m

'

crease

(+)
!'; or decrease

D

?T- tI *««><>«•

Febru-

!

(-)

17,281
S. 044
9,237

18, 085
6,399
11,686

2 24, 706
2 6, 498
18, 203

21,346
8, 138
13,208

24.759
28. 353

21, 305
23, 646

29, 473
33, 120

20.474 :
23,600 ;

4

48, 324

46, 757

38, 855

Apr.,
1928,
from
Mar.,
1928

Apr.,
1928,
from
Apr.,
1927

1927

IQ 9S
iy

28,025
9,522
18,503

-13.6
+25. 2
-27.5

-23. 8
— 14. 5
-28. 6

104,897 '
30,730 :
74,117

31,418 !; -22.4
29,079
—5.5
52,339 ; -29.4

33.457
37,617

29, 239 ; -30. 5
33! 177 i — 2S. 7

-30.0
— 28.9

124,310
139,511 '

96,011 | -22.8
108,719 • -22.1

54, 262

April

April

27,436
8, 600
18,836

ary

March

43.971 : -16.9

-11.6

190, 560

179,023 \

13 3
—4. 4
—35. 5

10 2
+8. 8
—33. 9

-fl.8
-10.5
-4.4

-S.Q

+1.8
-15.0
+6.0
0.0
-16.9

-1.3
-8.2

—2. 6
-11. 1

4-10.2

March

'*

i1
i
|
!
;

cuinulative
1928
from
1927

TEXTILES
Wool
Receipts at Boston:
Total-.
thous. of lbs._
15,442 :
Domestic .
.. _.thous. of Ibs
8.794
Foreign
thous. of Ibs
6,648
Imports:
In condition imported
thous. of lbs__
17,924 !
Grease equivalent
thous. of Ibs.. 20, 506
Consumption by textile mills,
grease equivalent
thous. of Ibs
41 691
Stocks, grease equivalent, end of quarter:
Total
thous. of Ibs s 303 5^3
Held by manufacturers
thous. of lbs_. 3168,458
Held by dealers
thous. of lbs._ 3 135,210
Machinery activity, hourly:
LoomsWide-. .__
per ct. of hours active..
63
Narrow
per ct. of hours active..
58
Carpet and rug
per ct. of hours active..
68
Sets of cards
per ct. of hours active
Combs
per ct. of hours active..
71
Spinning spindles —
Woolen
.per ct. of hours active
77
Worsteds
per ct. of hours active .
65
Prices:
Raw, territory, fine, scoured. dolls, perlb..
1.14
Raw, Ohio and Pa. fleeces,
% blood, combing, grease.. -dolls, per lb_.
.49 :
1 40
Worsted yarn
dolls, per Ib
Women's dress goods, French
serge, 39 in
dolls, per vd
1.00 '.
Suiting, 13-oz
dolls, per yd..
1.917 '

5 0^7

s 261, 749
3 175, 876
3 85, 873
62
52
68

60

75

80

78
6G

3 00] fi=)-r

3 ifil 708
3 i'->q Q4S

57
68
79
70

58
51
71
78
64

61
63
66
80
81

60
67
78
77

77
68

61

75
56

77
60

63

1.17

1.20

1.20

1.19

1.08

1.08

—.3

.50

l! 53

.53
1. 55

.44
1. 38

.43
1.35

J-l Q

l 43

.52
1 50

1.00
1.935

1.00
1. 953

1.03
2. 008

1. 03
2.003

. 98
1.913

.98
1.913

0.0
0. 0

67

4- "3. ?,
+1.3 | +14.8

4-5.1
-t-5. 0
l

Cotton
Receipts into sight
thous. of bales .
Imports, iinmRTuifantiirfid
balp^
Exports, unmanufactured (inci. linters). .bales..
Consumption by textile mills
.bales _
Stocks, domestic, end of month:
Total, mills and w'houses. .thous. of bales..
Mills
_ thous. of bales
Warehouses
thous. of bales
Stocks, world visible, end of month:
Total
thous. of bales.,
American
thous. of bales
Prices:
To producer, all grades
dolls, per Ib
In New York, middling
dolls, per Ib

-6.1

1,660
41 211
767, 314
543, 598

4. 951
175, 906
4,111,285
2, 504, 115

2,960 -40.2
139,274 i -20.8
2,460,472 i -40.0
2,202,703
-9.6

237, 185 -20.1 +20. 6 ;
975, 781
-4.2 +32. 8 ! 1, 195, 921
252, 301
222, 942 -20.0 +21.2 i 1, 046, 334
176, 681 ' +3.9 +136.8 1
474, 530 +21.9 -23. 7 1
492, 467
-44.5 -48.0 i 1, 909, 250

1,242,022 +27.3
1,135,414 ! -5.1
1, 160, 096 +10. 9
i

-18.6
—52. 2
-43~! 3
-15.1

898
41 445
728, 935
582, 417

633
38, 200
634, 890
573, 810

715
41, 433
614. 428
581, 318

;

6.721
1, 707
5 014

5. 982
I, 609
4 313

5, 104
I, 593
3,511

4, 429
1,508
2, 921

6. 459
1.976
4, 483

5, 501 -13.2 -2'j. 4
1. 891 : -'•,. 3 -20. 3
16 8 ! °<! 4
3 070

7,501 '
6,041

7.163
5,470

6, 702
5,. 020

6. 273
4, 543

6. 023
4, 102

7, 795
6. 178

7. 380 i
5,718

-4.0
-9.7

-18.4
— 28 3

. 187 •
.196 :

. 186
.190

170
.185

178
.195

187
. 203

195
. 144

.123
.146

+5. 1
+4.1

+52. 0
+39. 0

i

31.698
8. 259
227
101.5

31, 687
7, 969
220
101.2

31,413
8,312
231
96. 8

-1.4
32, 887 '
8. 788
-10.8
'238
— 10 8
—2 1
105. 6

— 1.°, 4-

;
;

IS, 934
13,444
38,287

18 642
13,611 ,
38, 457

22 598
13, 475
33, 030

!
|

.369
.523

7,363
1, 707
5 656

714
1, 287
18, 196 ,
41, 267
485, 219 1, 129, 537
525, 158
693, 081

-. 1
877
38, 053 ; _ no. i
855, 449
-2l! 0 i
618, 279
-9.7 |

Cotton Yarn
Machinery activity of spindles:
Active spindles
thousands . . 31,715
Total activitv
millions of hours
7, 859
Activity per spindle
hours
215
Ratio to capacity
per cent-94.3
Car ded sales yarn:
Production
thous. of Ibs
21, 160
Stocks, end of month
thous. of Ibs. _
12,880
Unfilled orders, end of mo
thous. of lbs__
40,115
Prices:
22/1 cones, Boston
dolls, per Ib
.371
40/ls, southern spinning
dolls, per lb._
.522

'•

.360
.494

. 366
.483

30, 965 i
7.416 ' I
206
94.8 ;

.366 ;;
.480 j ,

32. 920
9,638
260
109.8

.312

.458

.312
.446

0.0
-.6

-5.8

:

—10 2

+17.3 i
+7.6

Cotton Goods
Cotton textiles:
Production
thous. of yds. . 372,042
New orders
-thous. of yds.. 374,581
Shipments
-thous. of yds.. 328,076
Stocks, end of month
thous. of yds. _ 336,501
Unfilled orders, end month.. thous. of yds.. 386,726
Fine cotton goods, production
.pieces.. 468,823
Cotton cloth:
Imports.
.thous. of sq. yds..
5,565
Exports
thous. of sq. yds.. 41, 117
8
Revised.




1 297,669
: 194,114
266,947
367,223
!: 313,893
401,676
'
|

6,472
34, 963

300, 323 '; 358, 025
349, 855
256, 328
285, 404
337, 573
382, 142
402, 594
284,817
297,099
429, 095
461,429
5. 813
33, 380

7,921
42, 237

286,005
335, 117
270,172
418,427
362,044
255,949

;

i
i
i
!
i

277,052
296, 165
305,134
162,438
445,171
551,323

6,369 -19.0
54,236 i , —5. 7

+.8
-26. 6 i
* Quarter ending in month indicated.

6,418
39,831 i

5,717
44,553

21, 841
174, 482

1,548,149

-18.9

26,624 +21.9
150,411 ;i -13.8

25

TREND OF BUSINESS MOVEMENTS—Continued
1937

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

December

1938

January

F

^-

PER CENT INCREASE (+) OR
DECREASE ( — )

1937

March

March

April

Apr.,
1927,
from
Mar.,

April

192S

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Apr.,
1927,
from
Apr., '
1927

1927

1928

Per ct.
increase
(+)
or decrease
(-)
cumui lative
1928
from
1927

j

TEXTILES— Continued
Cotton Goods— Continued
Fabrics for tire manufacture,
consumption
thous. of Ibs
Elastic webbing, shipments
thous. of dolls..
Prices :
Print cloth, 64 x 60
dolls, per yd..
Sheeting, brown
dolls, per yd. _
Cotton goods (Fairchild), rel. to 1911-1913- .
Cotton Finishing
White, dyed and printed (outside mills):
Billings, finished goods
thous. of yds..
New orders, gray yardage thous. of yds..
Shipments,finishedgoods
cases. .
Stocks, finished goods, end mo
cases. _
Operating activity
per ct. of capacity. .
Unfilled orders, end of month
.days..
Printed only (cotton mills and
outside) :
Production .
thous. of vds..
Stocks, end of month
thous. of yds..
Silk
IIP ports raw
thous. of Ibs
Deliveries (consumption)
_ _ _ _ _ _ _ bales. .
Stocks, end of month:
At warehouses
_ _ . bales
At manufacturing plants
bales..
Silk machinery activity:
Broad looms
per cent of normal
Narrow looms
.per cent of normal .
Spinning spindles
per cent of normal..
Price,' Japanese, 13-15, New York.dolls. per lb._
Rayon
Imports
thous. of Ibs. .
Stocks in bonded warehouses,
end of month
.__ thous. of Ibs
Price, 150 denier, A grade, N. Y._dolls. per lb._
Clothing
Men's and boys' garments cut:*
Suits
thous. of garments
Separate trousers
thous. of garments..
Overcoats
thous of garments
Overalls:
Cut
dozen garments..
Net shipments
dozen garments..!
Unfilled orders, end of mo.dozen garments..
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..

11, 949
1,133

16,651

4

16, 040
1,159

16,924 j
1,374 i

18.854
1,627

1, 332

.080
.105
168

.080
.098
166

!

.076
.092
161

.076
.091
161

.069
.081
146

.068
.081
146

0.0
-1.1
0.0

77, 885
69. 836
43, 287
41, 059
59
3.9

68, 737
75, 665
44, 673
40, 751
62
4.7

78, 786
79, 184
49.035
38,698
69
5.2

89, 740
81, 328
51.495
39,787
69
4.8

75, 378
63, 316
43, 378
40, 876
64
4.5

10s*. 067
102, 327
59, 519
36, 178
b2
6.8

91, 675
85, 323
51, 869
38, 275
78
6.2

-16.0
i -16.0
-15.8
! +2.7
! -7.2
|-6.3

-17.8
-19.9
-16.4
+6 8
— 17. 9
-27.4

48, 574

49, 826

64,015
74, 326 !

75,725
75, 153

69, 378
78, 151

7, 541
42. 257

7. 405
52 420

6,617
50, 679

0. 72'
52. Oil

6, 561
41, Cr-i '

7,011
49, 242

6, 418
47, 853

-2.4
-20.7

_i_2 2 \
-13. 8 :

53 540

47, 528
26, 700

41, 677
27, 567

40. 186
2.', 096

3"), 4S3

33. 116
21. 193

31. 749

— 11. 7

+11.8

24, 282

93.0
51.8
79.6
4.998

94.6
50.7
77.3
5. 145

99. 1
50. 6
79 1
5. 2M2

9v 8
52. 5
(77
:. 104

8*>. 5 !
49.8
r4 2
5. 390 !

90.1
60.4
81 2
5. 733

86 4
f2. 6
79 7
6 125

10 4
-5. 1

-20.4 ;

844

1, 718

1,518
1. 02°

1.50

1, 074
1. 45

2, 574
2, 984
343

1. 932
2. 039

4, 159
4. 251
7, 342
4. 225
5, 530

3,709
3, 618
7,758
3. 963
5,807

1, 164
1.298
1,282

i, 198

1,108
1, 013
1 395
949

4

+11.8
+12.3
+10.3

.077
.095 j
163 j

i
!
!

;
;
j

1, 764

1, 366

1.146 '

1, OSG

2. 5-19
1.50

2. 915
I. 50

3, 048
1.50

:

3, 903
1.50

2, 095
1,902
261

2,207
2,021
269

2,445 i
2.043 I
280 I

17, 238

44, 618

-18.1

358. 806
367, 655
209, 292

' —8 4
! +4.0

+3 8

-21.9

i.:o

0.0

51, 818

+16.1

312, 641 -12.9
304, 493 "' -17.2
188, 581 ; -9.9

258 944

27. 074
1SS, 262

27, 348
190,308

+1.0
+4.3

4,788

4. 436

-7.4

6, 917
6, 097

-4.3
-9.9

'94'
19 4
1° 0

-44.4
0.0

:

353, 790
294, 231
99, 039

2.265
2.033
280

!

4
4

4 7? 227
G! 767
4 948

4

i §09

19 8

10, 989
10, 120

-4.3
-6.6

* 9, 609

-17.1

376,887 i 372,498
352,708 ! 253.736
105,970 ! 97,. 344
4
4

3, 386
3, 646
7, 640
3, 183
5, 395

3, 578
3, 033
7. 983
3. 109
5; 380

3 603
3.279 :
8.466 I
3.137 ;
5,107

3 808
3,808
8.494
3.363
4,532

Underwear
thous. of dozen garments. _
thous. of dozen garments..
thous. of dozen garments. _
thous. of dozen garments..

973
959
1, 100
924

1, 022
917
1, 202
1,309

1.132 i
1.042 :
1,209
1,025 :

21.215
21,194
1,250
1,208

1, 095
"916
1, 282
875

thous. of dozen garments..

1,925

2, 313

2, 275 :

2 2, 251

2,230

2, CIS

2, 566

-2.2

-13.1

Burlaps and Fibers
Imports:
Burlaps
thous. of Ibs..
Fibers (unmanufactured)
long tons

44, 451
23, 862

48, 922
39, 268

66, 109
28,493 '

63. 901
32,882

62, 051)
23, 682

39. 830
29. 096

50. 271
43, 437

-2.9
-28. 0

+23.4
-45. 5

187, 218
123, 176

240,975 +28.7
124,325 ;
+.9

3.502
2,785

4, 068
3,051

4.752 :
3, 654

5,670
4, 469

4, 636
3, 705

4, 275
3, 426

3,559
2, 752

-18.8
-17.1

+30.3
+34.6

14, 438
10, 777

19,126 !, +32,5
14,879 +38.1

2,979

3,588

4,715 ;

4,499

3, 817

2,781

2, 995

-15.2

+27.4

8,713

7,081

13, 919

14, 572

23 885

17 544

45.1
9,662

48.8
10, 902

51.1
10, 748

51.9
10, 914

50.0
9., 819

233. 393
258, 195
336, 045
577, 789
data.

225, 053
229, 397
236, 835
585, 268

50.9
9,900 1
209, 227
210, 455
203. 227
539, 676
*

Knit
Production
Net shipments
Stocks, end of mo
New orders
Unfilled orders, end
of month

Pyroxylin Coated Textiles
Pyroxylin spread
thous. of lbs_.
Shipments billed
thous. of linear yards..
Unfilled orders, end of
month
thous. of linear yards..

:

* 11.480
* 10, 838
* 11, 594

:

-9. 9
-23.3
-V2 6
-27.6

-1.2 !
—9. 6
8 1[
-7.8

4, 177
3, 907

4, 467 ;i
4,069

+6.9
+4. 1

4, S20

4, 417

-8. 4

Fur
Sales by dealers

.thous. of dollars.

Buttons
Fresh-water pearl buttons:
Production
ratio to capacity..
Stocks, end of month
thous. of gross..
Ocean pearl buttons: *
Production
number of gross. .
Shipments
.number of gross..
New orders..
number of gross
Stocks, end of month., _ .number of gross.
• See table on p. 48 of the May,




189, 864
223, 095
300, 605
565, 248
1928, issue for earlier
205,511
220, 308
236, 678
475, 697

50.7
10, 949

219, 571
184, 946
207, 220
230, 962
215, 522
195, 264
389, 822
557, 770
2
Revised.

4

57, 524

4

35, 572 : -38.2

—.4
—2.3
+-3 +10.6
-2.4
+4.9
735, 830
867,881 : I +17.9
-9.7
-1.5
885, 395
917,907 l +3.9
-9.0 +6.0 1, 103, 861 1,089,007
-1.3
-33.4 -27.8
Cumulative through Mar. 31.

26

TREND OF BUSINESS MOVEMENTS—Continued
i

1927
The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

1928

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

Apr., Apr.,
1928,
1928,
from ! from
Mar., Apr.,
1928 ! 1927

iPer ct.
in
CI'MULATIVE TOTAL
'
FROM JANUARY i crease
THROUGH APRIL 30 i ( + )
or cie; crease
(-)
cumu]
1927
1928
| f ^ge
from
\

December

January

9

18

13

14 I

23

30

132

251

230

163

225
6 i

197

240
1, 560

3. 992

4,303

4, 395

4, 808

4,781

5,031

5: 019

33,350
27. Of.2
6. 2SS

29. 003

30. 973
6, 604

24, 259
18. (191
5,568

17, 570
14,388
5,182 ;

24, 809
19, 56.9
5, 240

9 rt%
70S
03

715
65

2 QOO

3, 200
612
78

3,186
630

3,483
808
76

169
86, 835
4"* ">

185
90. 640
52 9

197
104. coO

195
104,015
56.9

223
113- 435
61. 3

lir> n
149
115

19, 039
17. 579
10S. 0
143
115

20 389
2l' 087
96. 6
96
84

52, 004
61.0
52 3,x3
50, 296

61.945
61. 5
60. 363
50, 056

19.01
17.00
18. 40

20. 26
18. 40
19. 79

87, 666

12.452
9,280
9,554
90,529

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

23, 719 i -20.3
19. 352 i -10.8
17, 627 I -15.0
106 225
+3 3

5-14
474
006
678

28, 994
1 "> 787
15. ,^2
164, 514,

25, 437
13 132
16, 085
101, 042

20, 442
-18.1 ; +41.8 ' :
16 164
15, 610 ; —8.4 i
—.2
105, 300
+8. 5 i +56 2

18,039

13,651

7. 994
8, 792

8, 928

17, 261
8, 965
11, 588

15, 326
10, 594
10, 873

70,815

48, 714

53, 598

+9.9

4,303
91
113 |

4,535
91
107

4,127
109

-4.5
+2 2
-4.2

3,553

3,456

— 10 7

February

March

April

|

March

April

IRON AND STEEL
Iron
Manganese ore, imports
thous. of long tons..
Iron ore:
Imports
•
thcus of long tons
Shipments from mines thous. of long tons.
Receipts —
Lake Erie ports and
furnaces
thous. of long tons
Other ports
. thous. of long tons
Consumption
thous. of long tons..
Stocks, end of month —
Tot al
t lious . of Ion g t ons _ .
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..
Cpnad'1
thous. of long tons
Furnaces in blast, end of month:
"Furnaces
number
Capacity
lone tons prr dav_.
Per cent of tot 0 , 1
per cent
Ohio grav-iron foundries:
Meltings—
V-rual
.
long tors
Xonp'd
loiif ten 1 '
Ratio to normal
per cent of normal ._
Stocks, end of month _ _ p t r cent of nonnul.-

]\ I all e a b 1 e ca sti n gs :
Production-.".
short tons..
Oper^im: ^r-tivitv
T-,<-r ct of cppa;-itv
Shipments
short tons
No w or c lers
si ic-rt t ons . .
Wholesale prices:
Foundry No ^
northern
_ . dolls, per long ton..
Basic (valley J
furnace; .-dolls, per long ton..
Comi)o^it A ]^' "'Tf-n
dons per Ions' ton

+7.7

-53.3

733

10, 994

23.015
5 ; 988

65
187
100. 060
53.6

56. 8

i ;.. 2:0

15,342

in! 097

71. 6
105
58

86. S
120

""ss

105

44,J81
40*209
45,920

£0, 096
41.9
44 4 ON
49,251

54, 031
02 3
4^ 'V,3

51,414

57, 649
67. 0
5i;: 254
50, <V

19. 01
17.00
"K 27

19.01
17.00
18 37

19 01
17. Ou

•9.01
17.00

9, 037
1 1, 009
11,511
79, 400

13,341

15.631

10. 620
10, 566

11,235

12! 123

15, 2!5
IG-l 0

is. :o

1

-.6

.

1

:

-.4
+2.9

220 <

—i o

-100.0
-98, 1
-2.8

12,950 ,

12, 156 '

-'v. 1

°'256 •

~2b3

-riu'.5

:!

58

19,189 i +42.6

0
6
18 ; 2N7

—11 4

-4_ o

-41.9

869 . -.7
6 -99.7

733 i
316 :
18,808 ;

-6,9 :
-19. G i:

784 i

54

863 i
1,560 !

— 100 0
—99 7 i
-4.7

—97 n — 1 5 3
20. 753
16. 050
—23 0 —10 4
4, 703 I _(;,9 ; _!_iQ 2
3,422

93

:

+38.0 ; -6.2
! —99.7

-.8
-16.9

112,955
60.4

61.641 ! -7.0
4>. 921 ; -12.0

66.292
55,571

21, 159
+45.0
90.6 ! —1 R
99 i -4.0
79 i
0. 0

+44.4 ...
+45. 6

_9.8
98
i -10.1
53^ 002
-11.2

—6.0
4-10 3
-7.4
-5.1

-U19 2

55. 318
55.3

20 26 i
19. 00

20.04

00

-4.4

20', 34S

— '::. 6

88, 754

50, 4f I

—43, 1

64,038
62,911 :

41,310
42,869

— o-". 5
-oi.9

87.868 '
p
n 9°^
55,064

119.349
6^ '"•'•''
70. 2v>

-35.3
'u 5
-27.6

61,655
38,863
39,094

59,040
35.553
39.849

-4.2
-8.5
—1.9

—10 5

00

;

213,780

211,939

—62

QO

223,599

82

Cast-Iron Boilers and Radiators
Round boilers:
Production
Shipments 5
New o^'dcr*
Stocks, end of month
Square boilers:
Production
Shipment Q
New orders
Stocks, end of month
Radiators:
Production. .thous. sq.
Shipments_. -thous. sq.
New orders. .thous. sq.
Stocks, end of
month
thous. sq.
Gas-fired boilers:*
Shipments
Shipments
Production
Stocks end of month

js
rs
it
IB

i
..fibs..
ofi 1 ! ^ :'
( 11 s
uilla...

10,023
13 185
11 340
95,453

t 1 'is
t^iors
'hc^s
t h e us

<d Ibs i
ol It s :
ot 11 s_.
e l ibs..

18 °65
*?i w? ;
10,781
97, 019 ;

°4 743
19 'xi°
18,230
120, 522

131,341

ft. H a t i r u s u ficc_.
ft. h e a l i n g su^ace..
ft. heating su'^ce..

] 1 , 539
13, 193
11,772

12, 5S1
10. 661
9., 990

14. 774
9, 357
12, 139

ft. heating surface..

53, 793

48, 714

54, 353

64, 467

96, 589
86, 892
i 132 733
846, 845

198, 824
103 250

177,859

8*0, 423

3,176
66
96

3, 991
81
84

4, 045
86
99

4,508

3,973 1

4, 276

4,398

4, 335

3,872

92, 806
64

i
83,795 i
58 '•
32,540
51, 255

102, 836
71
41,232
61, 604

94, 677
66
39, 189
55, 488

81,835 i:
57
32,722 ,
49,113 i

90, 041
62
34, 680
55, 361

81, 044
56
32, 279
48, 765

359, 340
108.8

316, 100
103.1

tl
ti <
T .,<
"!i

-- dollarsthous. B. t. u
thous. B. t. u i
thous. B. t. U-.i

10, 407

81,894
'"•0 pr.g

\< QfjO
19. 466

165,901

36
liV
17,
151,

:

-47.5 •
-52.0
-45.8
—14 8

;
[

-24.3 i -10.9
-5.7 -28.8
+1.5 -17.9
4-32.2

147 845
217, 385
923, 617

Crude Steel
Steel ingots, production:
United States, totaL-.thous. of long tons..
Ratio to car>acit^ T
per cent..
Canada
thous. of long tons. .
U. S. Steel Corporation,
unfilled orders, end mo. -thous. of long tons..
Steel castings :f
ProductionTotal
short tons. _
Rntio to capacity
per centRailroad specialties
short tons..
Miscellaneous
short tons. .
New ordersTotal
short t ons. .
Ratio to capacity
per cent..
RaP r o-}d specialties
^hort tors
Miscellaneous
short t ons. _
Sheets, black, blue, galvanized, and
full finished:
Production —
Total .
-.
net tons..
Ratio to capacity
per cent
Stocks, end of month —
Total
net tons..
LTnsold
net tons
Shipments
net tons
New orders
net tons..
Unfilled orders, end of month
net tons..

58, 346
40
19, 358
38, 988
77, 076
39. 112 :
37, 964 .

260, 130
75.9

274,082
51
28. 714
2
45. 308
291,072
63
41, 276
2
49,796

316,541
89.6

150, 104
170, 453
52, 474
59, 508
221, 689
274, 126
302, 921
530, 197
745, 393 694, 197
* See table on p. 18 of the April, 1928, issue for earlier data.




2

2
2

2

89
118

87, 323
60

2

37,719

238,448
2

49, 604
90, 677
2 63

41,096
49, 581

330, 565
98.7
169, 918
55, 594
298, 420
266, 210
667, 054 i
t

54, 358

2
2

2

82, 536
57
30, 992

51,544

366, 127
103.0

327, 909
97.8

163, 053
160, 357
53, 853
46, 827
327, 674
338, 436
284, 070
345, 900
571, 761
510, 924
See table on p. 20 of the March,
163, 846
53, 144
359, 532
399, 441
675, 196

;

+4.3
+58
+3.7 ; :

16,8-17

—3.6

414

—25. I

373,514

338,006

-?. 5

149,780
223,734 :

137,421
200,585

-S. 3
-10.3

373,547

346,120

-7.3

146, OS*'1,
200.034

-i». 7
—5.5

1,341,142

—10.4

+12 0 >:

-9.7 ;i -11.5 '
—9 4 —12 1
-15.4
-17.0
-5. 7 -7. 6
-.8

:

331 i

16,264

;

+1.0

:!

0.0 +1.8 ; L _ _
+5.6
+1.4
161,775 i
-4.7 | + . 7 | j 211,772 i
-10.4 ;
—5 0
l

+3.7 : | 1, 214,467
—5 1 '

:

-4.1 " .
+14 8
+8.9 : 1, 139, 725 1, 259, 752 +10. 5
-3.0 ! 1, 142,173 1,252,642 , +9.7
+16.4 L _ _
2
1928, issue for earlier data.
Revised.

-.5
169, 977
46, 901
+1 3
300, 858
-8.9
292, 965
-28.9
491, 290 i -15.3

27

TREND OF BUSINESS MOVEMENTS—Continued
1927

1928

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"
ber

'

February

March

March

April

April

Apr.,
1928,
from
Mar.,
1928

i

j

Apr.,
1928,
from
Apr.,
1927

+4.9
+4.4
+2.7
+11. 5
-5.0
-10.3

i

Per ct.
increase

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

+11.3
+6.9
+8.7
+ 14.1
-6.5
-20.9

or decrease

cumulative
1928
from
1927

1927

1928

2, 208, 892

2, 299, 532

+4.1

2, 206, 612

2, 294, 991

+4.0

IRON AND STEEL— Continued
Crude Steel— Continued
Steel barrels:
Production
barrels
444,227
Ratio to capacity. ._
_ . per cent..
40.6
Shipments
barrels
454,638
Stocks, end of month
barrels _
52,606
Unfilled orders, end of month
barrels.. 1,308,365
Track work, production
short tons..
9,139
Iron, steel, and heavy hardware
sales
rel. to Jan., 1921
166
Lock washers, shipments
thous. of dolls..
183
Wholesale prices:
Steel billets, Bessemer. .dolls, per long ton..
33.00
Iron and steel, comp dolls, per long ton..
35. 10
Structural steel beams. ..dolls, per 100 Ibs..
1.80
2.46
Composite finished steel .dolls, per 100 lbs_.

\ 475, t 06 518, 944
:
42 .7
46. 2
i 474,1 59 514. 362
58, 935
i 54,2 53
1,351,7 97 1,417,627
! 9,2 32
11,371

667,827
636, 855
575, 850
599, 771
55.1
57.5
53.8
51. 7
644, 521
661,949
568, 821
609, 090
51, 269
57, 147
59, 389
50, 070
1, 343, 583 1,276,994 , 1, 545, 980 1, 365, 555
13,511 !
15, 058
19, 216
17, 081

t

!
j

1 57
5 19

!
1
i
|

33. 00
35. 27
1. 80
2. 47

33. 00
35. 57
1. 85
2. 52

33. 0.')
35.81
1. 'JO
2.54

262, 500 i 213/"50
70
57
240,000 ! 210, (>00
64 i
56

266, 250
71
2 932, 500
62

258, 750
69
2 232, 500
62

236,250 ;
63
243, 750 ;
65 |

232, 500
62
221, 250
59

2''2, 500
70
232, 500
62

—8. 7
+4.8
+4.8

2 45, 505
57. 0
24, 596
39, 957

48,493 i
60. 7 •
21, 330
35,971

55, 407
68.9
24, 127
48, 032

47, 347
58 9
18, 019
39, S97

-l.j.?,
-10.0

2 1 947
2 1 337

1 325 '
1 295 i

1 413
1, 492

1 "18
1, 190

4-6 3
-3.1

187
293

158
236

270

:

3P. 00
L 90
2. 51

200
302
34. 00
36. 82
1. C'f1
9
55

199
273

— 7. 8

33 95
36.76
1. 90 '
o --

49,~272~ ~-2i.~7

62," 944"

-1.1 j

1,018

1,036

;

-1.7

0 0
-.4 i -3.0
0.0 i
0.0
1 A
12

Fabricated Steel Products
Structural steel, fabricated:*
New orders (prorated)
short tons.,
Ratio to cnoac'itv
per cent
Sbipm^r's (profited)
short ton^
Ratio to capacity
per cent
Steel plate, fabricated, new orders:
Total
short tons _
Ratio to capacity
ner cent
Steel bars, cold finished, shipments*
tons..
Steel boilers, new orders:
Quantity
number
Area
thous of sq. ft
Steel furniture:
Business groupShipments
thous. of dolls _
New orders
thous. of dolls..
Unfilled orders, end mo.thous. of dolls..
ShelvingShipments
thous. of dolls ;
Unfilled orders, end mo.thous. of dolls..
Iron and steel:
Exports
lone tons..
Import^
long tons

35, 658

35 ""87

44 1
13.367 ;
28,497 ;

4- . 8
11, , 01
45, ()10

1

nr

)4

:

' 906

1 ( u.9

49, 820
62. 4
25, 532
40,354
nan

975,000 :

+4.4

851,250

918,750 :

+7.9

ION, 251

179,605

-9.4

89,471
162.22.

82,559
1G1,21J2

-0.6

1J.il
-13. 1 i

5 OS3
5, 551

4, 600
4,669

—9 5
-15.9

+6. 6
4-3 1

+1«. 1
-'j.S

8^9

1 1 f>5

2,741 :
2,850 !
1,414 :

2,f "13
3. i>48
2, ()00

2, 909
A\ 296
2, 389

3,169
3, 283

3,066
2, 915 '
2,360

3, 081
3, 022
1, 744

2, 850
2. 751
1, 646

-3.3
-11.2
-6.1

+7.6 \
+6.0 !
+43.4

11,348
11,431 ,

11,856
12, 743

+4. 5
+11.5

578 :
619 :
606 i

f >80
"69
t]80

682
741
743

832
841
775

716
741 i
794 ;

691
690
679

f»7S
622
627

-13.9
-11.9
+2 5

+5. 6
+19. 1
+26 6 >:

2, 532
2, 546

2, 910
3, 092

+ 14.9
+21. 4

168,428
55,070 |

205, "66
49, ( )03

185. 915
36, 861

221, 935
58, 666

171,094
47,312

192, 339
42, 550

-3.0
-5. 3

744, 796
163, 989 ;

828, 800
200, 997

+11.3
+22.6

26, 053

23 253

-10.7

26, 098

24, 042

-7.9

215,181
55, 567

Enameled Ware
F( rcclt-in Hut ware:
New orders.—
Tot'i 1
Ratio to capacity
Shipments —
"Tot'-d
Ratio to C'i'ipcity

933, 750

-10.0
-10.0
+4. 8
+4.8

+11.9
+30.6

^

thou^ of sq ft |
per cent..

4,895
44 j

5,'121
45 |

5,378
45

7, 024

5, 430
45

7, 571
59

5 58')

thous of sq ft
per cent

5,609 !
44 j

5,<173
46

5,821
49

6, 520
54

6,219
52

7, 567
59

6, 5£6

-2.8
0.0
—4. 7
-3.7

—5 7
0.0
i

Machinery
Vacuum cleaners, shipments (qtly)... number..1 3 309, 998
Washing-machines, shipments:
Total
number
69, 945
Electric
number ! 56, 999
Wnter softeners, shipments
units
1, 106
Water svstems, shipments
.
• units
5,980
Pumps:
Domestic shipments —
Pitcher, hand, etc. ._ ... ... units
38,148
Power, horizontal type . .
units
1, 370

3

3 274, 089

74,830
61,944
1,396
6, 076

90, 770
74. 610
1, 956
7, 873

1,489
8,182

81, 522
64, 961
1,811
5, 896

94, 725
78, 993
1, 878
6,387

-23.9
+3.9

51, i322
1, t >91

51,999
1, 598

52, 946
2,578

42, 990
2, 299

42, 532
875

47, 430
776

-9.4 !
-18.8
-10.8 +196.3

New orders
thous. of dolls
1, 300
1, L37
1, 346
1,418
Shipments..
thous. of dolls
1. 255
1, 38
1, 177
1 352
Unfilled orders, end mo.thous. of dolls. _ 1
3, 125
3, L12
3, 309
3, 260
Agricultural machinery and equipment:
Shipments —
Total
rel. to 1923-25..
90. 7
11 1 0
168. 8
2 216 0
Domestic
rel. to 1 923-25. .
82.4
11 7. 2
159. 4
2 216. 8
Foreign
rel. to 1923-25. _ !
133.8
10 3. 9
218. 2
2211.4
2
Production
. .
rel. to 1923-25
136.0
13 X 7
136. 5
143. 9
Foundry equipment:
New orders
rel to 1929-24
106.8
12 1. 7
138. 6
123. 6
Shipment?
rel. to 1922-24
110.4
11 14
147. 9
110.6
Unfilled orders, end mo
rel. to 1922-24..
103.5
12 1 6
127.1
132. 9
Stokers, mechanical, sales:
Quantity _
. number
83
123
75
85
Power
horsepower _. 32, 202
26,. 572
43, 643
43, 425
Machine tools:
New orders
rel. to 1922-24 i
169
222
218
201
Shipments
rel to 1922 24 i
157 !
149
175
210
Unfilled orders, end of rno-.rel. to 1922-24.. !
192
293
330
376
* See table on p. 21 of the March, 1928, issue for earlier data.
2
Revised.




— IS 6

252 373

G8, i340 i
56, -28 j
1, 268
6, "46

—7 9
!,'

-20.7
+28.1

1 800
1 482
3, 686
i
!

!

|

1,405 !
1 565 i
3, 525

187.4
185. 1
199. 8
136.0

-14.7
154' 8 ; — 16 0
139.2 • -7. 1
145.9

107. 7
112.5
126. 1

131. 1

130. 0

_2o 3
-23. 9
— 8

88
31, 043

115
49, 694

26, 249

-28.5 ' +14.3
-28.5 :
+18.3

222
219
371

152
158
226

126
138
216

4
4

223.
182
6,
22,

182. 166 i
2,954
4

4, 824 !
4, 081

0.0 +76.2
+4.3 i +58.7
-1.3 I
+71.8

184.3
182. 2
196. 4
152. 1

!

4

i
+21.0
4-17 7 1
+41. 1

199, 757
8, 066
4
4

3, 901
3, 667

+9.7
+ 173.1
-19.1
-10.1

i

i
—17 9

366 '
157,810

3 Quarter ending in month indicated.
Cumulative through Mar. 31.

4

299 ! i 234, 440
+5. 0
790 I 4 193, 282 |
+5.7
6, 109
—4.5
399 ;
28, 877
+30. 4
144 i

371
+ 1.4
144, 683 | -8.3

28

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 20 to 138 of the
February, 1928, "Survey"

1928

1927

December

January

February

March

April

March

Per ct.
increase

j ! PER CENT IN- : : CUMULATIVE TOTAL
CREASE (+) OR , ;
FROM J A N U A R Y 1
I DECREASE ( — )
THROUGH APRIL 30

1927

April
1

IRON AND STEEL-Continned

Apr.,
1928,
from
Mar.,
1928

i
|:
|.
j
j

; Apr., I
; 1928, !
from ' i
; ADr., : !
i 1927 j j

(

-y

or decrease
(-)
cumulative
1928
from
1927

1927

1928

4

i

4,284
M, 055
3, 4097
38

* 3, 707
4
3, 623
4
2. 874
'•153

-13. 5
-10.7
-7.2
+39. 5

+38.7 i |
+42.6 i i
+36.4 i !

1,106
565,521
545,019

1,696
791, 550
703, 809

+53.3
+40.0
+29. 1

-27.5 ' !
3,612
-37.9 !"
2,992
—45. 2
.

2. 358
1,991

-34.7
-33.5

;

1

'

Machinery— Continued
Woodworking machinery: 4
New oiders
thous. of dolls
1,305
1,172
Shipments..
thous. of dolls
Shipments
number of machines
881
19
Cancellations
thous. of dolls
Unfilled orders, end of mo_. thous. of dolls..
1,470
Electric hoists:
New orders —
272
Quantity
number
122, 663
Value
dollars
102, 205
Shipments
dollars
Electric overhead cranes:
762
Shipments..
thous. of dolls .
586
New orders
thous. of dolls__
1,792
Unfilled orders, end mo
thous. of dolls..
Electric industrial trucks and tractors:
Shipments, domesticTractors
. number of vehicles..
J!
All other types
number of vehicles..
11
Exports. _
. . .number of vehicles..
Fire-extinguishing equipment, shipments:
114
IVtotor vehicles
number
47, 870
Hand types
number
Patents issued:
3,170
Total all clashes
number
42
Agricultural implements
.number .
33
Internal-combustion engines
number..

1,145
1,130
920
23
1,456

1,245
1,147
890
9
1,539

1,317
1,346
1,064
21
1,438

346
160, 852
133, 842

399
172, 472
166, 920

557
260, 222
214, 080

394
198, 004
188, 967

291
144, 305
139, 528

2 8 4 ! ' -29.3
138,829 : ; -23.9
138,510 i; -11.7

432
358
1,735

595
519
1,763

672
704
1,699

659
410
1, 520

1,065
750
3,042

909
-1.9
660 ! -41.8
2, 772 1 —10. 5

5
98

15
86
18

18
97
16

9
122
6

10
96
10

291

43, 175

40, 710

2 108
52, 375

101
46, 575

128
50, 301

Q

3,504
45
51

68, 469
77, 429
122, 723
140, 546
64, 824
52, 095

67, 423
81,895
124, 848
144, 546
73, 789
43, 092

96, 476
237, 961
.1385

86, 932
247, 529
. 1382

99.44

98.59

98.40

492
404
1,213
381
316

449
425
1, 189
414
315

435
453
1,150
399
297

413

441

4, 535

3,229
49
52

3,136
32
61

1, 502
1,570
1,184
10
1,747

3,321 i
45 1
43 |

4.067
53
79

1.307
1,516
1, 068
31
1,549

i
!

:

4

12 1 -50.0 -25.0 '
89 ! +25.8 +37.1 :
4 ! -62.5
+50.0 ;
•j
.
i
125 l -6.5 -19.2 1
47,850 1 -11.1
-2.7 ;

3,554 ! +2.8
50 i -8.2
124
-17.3

39
372
38
438
192,807

+20.5
403 -.
+8.3
49 +28. 9
373
182,835

-14.8
-5.2
:

-6.6 i
-10.0 ;
-65.3

13,798
193
322

13, 190
171
207

-2.7
+1.4 ;
-2.4
+5.7 i
-2.4
-2.9

285.836
331,689
508,554
548.283
297,576
173.277

275, 449
320. 521
499, 367
573,301
283, 489
188, 947

+4' 6
-4.7
+9.0

1.947
1.673

1.831
1,735

-3. 4
+3.7

-4. 4

-IE! 7

NONFERROUS METALS
Copper
Production:
Mines.
_.
short tons.. 67, 222
Smelter
.
short tons.. 85, 868
Refined (N. and S. America). ..short tons.. 128, 923
World production, blister. ._
short tons_. 148, 961
Domestic shipments, refined
short tons_. 00. 862
Exports
short tons . 51, 322
Stocks (North and South America), end mo.:
Refined
.short tons . 95, 298
Blister
. short tons.. 248, 420
. 1377
Wholesale price, electrolytic
dolls, per lb._

2

70, 327
79, 110
128, 972
144, 842
72, 642
48, 210

69, 230
82,087
122,824
143,427
72,234
45,550

87, 292
242, 416
.1385

:
j

69, 314
80, 965
126, 975
136, 347
79, 537
45, 306

71.122
80,940
125,796
135,729
73,976
46,908

72,893 !
235,673 !
.1399 I

103, 072
263, 793
.1308

99,256 i 16.5
249.834 i -2.8
. 1281 '< +1. 0

99.35

100. 76

105. 17

105 29

+1.4

413
405
1, 147
399
283

510
434
1,192
397
314

468
400
1,263
302
300

: —29.3
! -10.4
;
+5
i
2
: -f,5 2 ,

—11.8
+1.3
—92
4-23 9
—57

412

422

438

339

5, 415

5,790

7, 960

7,010

15, 733
1, 573
3, 958
. 5849

15, 244
2,518
5. 727
. 5564

17, 645
1, 998
5, 992
. 5249

15, 586
2,078
8, 138
.5218

77, 084
52, 347
40, 751

72, 204
52, 414
42, 163

72, 444
50, 042
41, 290

54, 586
43, 147
.0572

37, 612
49, 905
.0564

9 p

—4 3

584
452
1,141
400
269

2

j
!

j
!
i
i
|

-1.6
+3.8
-4,8
-1.0
-.6
-5.5

26.6
-5.7
4-9. 2

-3.4

.

Copper Products
Plumbing fixtures:
Wholesale price 6 pieces
dollar^
Wire cloth:
Production
..thous. of sq. ft..
Shipments
.thous. of sq ft..
Stocks end of month
thous of sq ft
New orders
tlious of sq ft
Unfilled orders, end of mo_ .thous. of sq. ft_.
Make and hold orders, end
of month
thous. of sq. ft

358 •

1 019

+3.8

+22.3

6, 545

6,720 i -11.9

+4.3

25, £25

20. 175

15,001 i
1,973 1
9,494 i
. 5236

15, 441
1, 709
5,9J6
. 6931

13 849
—38
1,704 ; —5.1
6,228 J +16.7
.6802
+.3

+8 3
+15.8
+52.4 •
—23.0

24.844
_

29.351 : +18.1

71, 252
55, 881
41, 529

72 522
53^ 493
44,759

83, 208
56, 546
36, 279

81,096
51, 626
41 20S

47, 217
52, 398
.0555

47, 972
59, 746
.0562

51,579
49,097 :
.0576

69, 125
18, 533
. OGG9

71,077 :: +7.5 ! —27.4 '
2J, 536
-17.8 +128.0
.0634 I +2 5
—91

256,640

184, 380

54, 991

2 58, 031

50,115

61, 128

60,193 ! -13.6

234,855

217, 543

6,665
72, 264
54, 021
167, 692
.0633

6,424
77, 054
52, 150
2 173, 411
.0600

41.026
268,883
5 ice, 431

26. 990
283, 574
3 162, 141

-34. 2
4-5. 5
-2.6

4,470
1,027
3,444

4,928
1,025
3,903

21,330
4,444
16,886

19, 170
4, 064
15, 106

-10.1
-8.6
-10.5

Tin

Deliveries ( consumption)
.long tons..
Stocks, end of month:
\Vorld visible supply
Ion*7 tons
United States
^ong tons
Imports
long tons..
Wholesale price, Straits,* N. Y. ..dolls, per ib._

1

_O :

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 lb_.

Lead
54, 406
Production
_
short tons.. 58, 812
Ore shipments:
7,463
Joplin district
short tons.. 13, 079
75, 855
Utah
short tons.. 83, 003
55, 970
Receipts in U S ore
short tons : 57, 027
Stocks, U. S. and Mexico, end mo__short tons.. 156, 280 : 157, 417
.0650
.0650
Price, pigs, desilverized, N. Y
dolls, per lb..

6,438 !
58, 401
.0610

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

4,843
1,118
3,725

5,626
1,208
4,418

12,602
76,452
60, 134
160,437
.0713

+1.8
-10.6
-4. 3 , ! 3. 6
+7 8 ; + 8 6

-16.7

i +.2
: j -24.2
i

-48.9
'•
-23.6 • •

i +1.7

-2.1
216. 411 ""2iI,"S30"
— 28 2

-7.4

—14 4

!

Other Metal Products
Babbitt metal, consumption:
4, 466
Total apparent
thous. of lbs__ i
Direct by producers
thous of Ibs 1
1, 296 !
3.170 i
Sale to consumers
thous. of lbs__
* See table on p. 23 of this issue for earlier data.
2 Eevised.



4, 929
894
4, 034
4
5

4,812 j —1.7 | +.6
950 | +9.1 ! +17.7 |
3,862 i] -4.6 i -3.5 !

See p. 41 of Part II, Metals and machinery of the Record Book of Business Statistics, for earlier data.
Cumulative through Mar. 31.

29

TREND OF BUSINESS MOVEMENTS—Continued
j

1927

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

December

1928

January

February

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

March

April

March

Apr.,
1928,
from
Mar.,
1928

April

Per ct.
increase

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Apr.,
1928,
from
Apr.,
1927

1927

1928

-16.3
-11.1
-19.8
-17.1

-8.7
-2.1
-14.1
+4.3

1,871,152
660, 515
1,113,484
97, 153

( deor1^
crease
(-)
cumulative
1928
from
1927

1, 624, 746
633, 602
891, 638
99, 506

NONFERROUS METALS— Continued
Other Metal Products— Continued
Band instruments, shipments:
Total
-_- __.
Cup mouthpiece15
Saxophones
Wood wind Pails and tubs, galvanized:
Production
Shipments
Other galvanized wareProduction
Shipments

\

dollars__. dollars _
dollars
..dollars..

589, 967
223, 946
340, 266
25, 755

318, 106
126, 852
169, 050
22, 204

445, 737
169, 616
247, 489
28, 632

468, 757
178, 457
263, 685
26, 615

dozens
dozens

93, 273
90, 254

125, 536
149, 304

165, 757
162, 153

173, 592
175, 472

dozens
dozens

22, 090
17, 013

32, 678
35, 689

28, 513
26, 334

392, 146
158, 677
211,414
22, 055

50, 904
45, 205

559, 663
193, 961
337, 206
28, 496
202, 392
182, 692

183,812
198, 711

32, 942
30, 980

30, 423
33, 785

108, 688
168. 148

88, 755
148, 789

2,324
2,011
1, 532

3,390
1,121
1, 508

505, 213

!

429, 411
162, 103
246, 168
21, 140

510, 548

4

1, 439, 113 ' 4 2, 238, 926 \ +55. 6

736, 081
737, 349

4
4

2, 502, 648 4 2, 226, 627 i -11.0
2, 239, 791 .<2,048,546 J -8.5

-13.2
-4.1
-19.9
+2.4

4

472, 187
4 490, 216

4

464, 885
4 486, 929

-1.5

4 4102, 979
99, 185

4
4

112, 095
107, 228

+8.9
+8.1

192, 557
357, 539
1, 291, 789

-33.4
-11.9

Electrical Equipment
Electrical procelain, shipments:
65, 809
66, 391
49, 536
77, 212
Standard
dollars
110, 933
111,408
131,212
115, 394
Special
dollars
444, 804
451, 894
High tension
dollars
408, 401 438, 5'84
2,441
3,201
3,363
1, 297
Glazed nail knobs
thous. of pieces
794
1,091
1,070
Unglazed nail knobs
thous of pieces
1, 381
1,383
1,127
975
1,087
Tubes
thous. of pieces
Laminated phenolic products,
564, 775
877, 401
shipments
dollars
677, 861 683, 664
Motors:
864, 562
889,110
New orders
dollars
569, 883 767, 634
782, 185
638, 562
627, 799
Billings (shipments)
dollars.. 815, 830
Power switching equipment (quarterly):
New orders —
3
311. 901
12, 267
Indoor
single pole units
Outdoor
single pole units
s i 4 fi?.4 >
3 14, 234
Outlet boxes and covers, shipments
pieces.. 1,947,433 j 2, 139, 038 2, 715, 105 3, 166, 488
Vulcanized fiber:
596
663
662
Shipment'-! to^al
thou^ of dolls
685
2, 231
2, 355
2,442
2, 965
Consumption
thous. of Ibs
140,415 j 137,417
Industrial reflectors, s'ii^s
units
137, 102
118, 363
Flexible coids:
37, 764
35, 082
37, 279 2 42, 390
Shij menls
thous. of ft..
44, 958
Stocks, end of month
thous. of f t _ _
46, 222
51, 396
47, 277

1, 078, 639
802, 572

4
4

3 1 5. 208
'• z 17 500
' 2,093,021 1, 960, 806
i
:

(
)1Q
3,002
135, 084

: "

+3 1
...9 7

— 19 3
18 7 -I

4

!

^6,406,861

r

4

8, 020, 631 ; +25.2
4
4

4 9 zUF,

7%
2. 701
115, 111
."

4
4

288, 947
405, 872

4

4

""

"

;

j"

8, 312
403, 595

4

2, 010 | -17.8
7, 762 j -6. 6
392, 882 1 -2.7
~"\\

" "

Electrical Equipment
Welding sets, new orders:
Single operator
units. .
129
Multiple operator
units
11
Panel boards and cabinets,
821,487
shipments (cstlv )
dollars
6,735
Nonmetaiiic conduits, shipinents.-thous. of ft..
Delinquent accounts, electrical trade:
197, 462
•Yn'ount
dollars
Delinquent firms
number
1,381

12S
7

172
21

285
31

142

8, 085

6,755

916, 766
8,270

738, 119
10, 886

10, 365

184, 500
1,361

184, 688
1,407

213, 013
1,769

242, 606
2, 040

247, 479
1,930

173, 482
1,485

::.

4

153

+11.6

+24.2

-18.6
-16.1

399

4

5 8 5 ij +40. 9
4 59 i +68. 6

-29. 9
-23.3

4 29, 838 ~"~23,~lI6~ ~-22.~5

AUTOMOBILES
Production:
United States133, 579
394, 443 404, 759
Total
number of cars
231, 693 2 323, 809 2 413, 379 409, 948
-.8 +1.3 1, 342, 892 1, 378, 829
+2.7
345,911 357, 009
-1.9
+5.7
Passenger cars
number of cars.. 106, 080 205, 576 2 2291, 151 2371,821 364, 877
+2.2 1, 166, 741 1, 233, 425
45, 071
27, 499
48, 532
+8.5
145, 404 — 17. 5
Trucks.
number of cars..
26, 117
32, 658 2 41, 558
176, 151
47, 750
-5.6
CanadaTotal
number of cars..
3,435
12, 504
9,724
24, 240
23, 250
24, 611 ,+149.3
54, 931 -32.9
8,463
-1.5
81, 892
2,277
19, 723
45, 044 -33.0
Passenger cars*
number of cars..
67, 184
6,705
10, 315
20, 546
-1.6
7,478
20, 890 :+174. 8
1,158
Trueks
number of cars..
3,694 i
3, 527
3,721 +64.5
14, 708
9,887 -32.8
1,758
2,189
2,246
Exports (assembled):
From United States158, 255
+7.2
Total
number of cars. _ 23, 609
49, 974
42, 269
39, 527
147, 589
32, 060
33, 952
46, 703 -15.4
-9.fi!
Passenger cars
number of cars
33, 644
-3.4
:
119, 415 +10.3
16, 473
34, 840 -16.3
108, 302
20, 476
25, 114
40, 181
29, 985
Trucks
number of cars. .
9,542
7,136
11, 584
39, 287
38, 840
8,838
9,793
8,625
11, 863 -11.9 -27.3
From Canada—
2,193
Total
number of cars
3,502
4,111
9,072
-1.9
25, 921
15, 166 -41.5
3,557
3,996
4, 075 +12.3
1,857
2,957
6, 512
+.9
10, 109 -44.9
Passenger cars
number of cars..
1,838
18, 335
2,628
2,686
2,930 +10.1
Trucks
number of cars
336
1,664
871
-9.3
5,057 -33.3
1,483
1, 039
7,586
2,560
1, 145 +19.3
+4.4 -23.9
Foreign assemblies
. number of cars
12, 518
12, 114
16, 951
21, 007
22, 264
74, 368
57, 859 -22.2
12, 556
16, 238
Sales, passenger cars and motor
4
4
404, 475 -10.1
141, 026
214, 678
449, 781
cycles
_ _ . thous. of dolls. . 63, 381
64, 403
199, 046
181,170
Shipments (General Motors Co.):
689, 831 +24.3
60, 071
197, 821 197, 597
+16. 9 j
554, 770
To dealers
number of cars
169, 067
125, 181 169, 232
161,910
632, 380 +24.1
132, 029
509, 416
To users .
. number of cars. _
53, 760
107, 278
183, 706 209, 367
146, 275
180, 106 +14.' 0 +16.2
Accessories and parts:
Shipments —
111
187
231
213
-7.8 +15.1
Original equipment.. rel. to Jan., 1925_.
163
195
185
126
151
137
128
136
120
117 +11.0 +29.1
Replacement parts.. .rel. to Jan., 1925..
61
-5.3 -31.4 !
Accessories
rel. to Jan., 1925
79
91
113
107
135
156
-- i
!
'|l
104
174
— 5 7 -26.5
142
158
164
Service parts
rel. to Jan., 1925..
210
223
Exports _.
thous. of dolls. .
7,505
7,489
9,570
12, 157
12, 466
10,438
10, 609
+2.5 +17.5 ;
7,374
8,354 +13.3
Rim production
thous. of rims. .
1,134
-4.3 +12.4
1,812
2,072
1,806
2,420
2,316
2,060
New passenger-car registrations:
4
-9.9
616, 780 4 555, 822
Total
number of cars
89, 189 2 135, 843 2 165, 256 254, 723
2 2261,111 327, 599
4
2
4 25, 623 +23.5
7,253
2 7, 436
10, 241
20, 745
Highest price group
number of cars
6, 817
11, 370
16, 136
4
126, 080 4 120, 518
-4.4
2 57, 728
53, 461
73, 850
Second highest group
number of cars.. 26, 280 2 32, 515 2 34, 542
4
26, 805 2 43, 330 2 50, 004
2 56, 990
128, 781 < 169, 694 +31.8
Third highest group
number of cars
76, 360
75,312
2 134, 587
4 336, 879 4 238, 120 -29.3
28, 515 2 52, 630 2 72, 670
112, 820
Lowest price group
number of cars
161, 489
2
2
4 4, 295
4 1, 867 -56.5
336
2604
712
1, 565
551
832
Miscellaneous
...number of cars..
2
* Cumulative through Man 31.
3 Quarter ending in month indicated.
Revised.
*See table on p. 18 of the April, 1928, issue for earlier data.




30

TREND OF BUSINESS MOVEMENTS—Continusd
i

1927
The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

PER CENT INCREASE (+) OR

1937

December

Exnort>
-thous. of bbls-.
i *>~>h
Consumption
^hous o f b h i s
^ sio
Stocks at refineries, end mo -thous. of bbls..
7. hbl)
Price 150° \va r er white
doll^ per tral
. 07 J
Gas and fuel oils:
33 090
Production
thous. of bbls.
Consumption—
:
By vessels
thous. of bbls
4 oru
By electric pow. plauts.thous. of bbls..
649
By railroads
thous. of bbls..
4, 211
Stocks at refineries, end mo.thous. of bbls..
3l,9S2
Price, Okla., 24-26, refineries-dolls, per bbl..
.800
Lubricating oil:
Production
thous. of bbls. .
2, 801
Consumption
thous. of bbls..
1, 663
Stocks at refineries, end mo -thous. of bbls...
7, 860
Price, cvlinder oil
dolls, per gal._
.245
Asphalt:
263
Production
thous of short tons
Stocks, end of month. .thous. of short toris..
221
Imports
thous. of short tons _
9
Coke:
Production
thous. of short tons..
108
Stocks, end of month. .thous. of short tons..
345
Wax:
Production
thous. of Ibs
54, 039
Stocks, end of month
thous. of Ibs.. 167, 214

F

January

April

^™- ! March

!

March

April

Apr.,
1928,
from
Mar.,
1928

Apr.,
1928,
from :
Apr.,
1927 i

1927

!

41,351 i
1, 414 !
796 |

43,955
1, 405
756

32,188 |!
1,123 ! l
711 !j

305

306 ';

60,147
1,408
1,376

319

267 i

3,695
8, 304

3, 400 !
7, 872 ;

3 470 !
8, 265 '

6, 192
257

5, 964 |
233

6, 548
252

51, 500

>

48,300

i

1.86 i
4.069 ;
9.28 i

1.92
4.045
9.26 !

1.76
4.016
9. 20 I

5, 690
233

5. 582 ;
224 |

5, 497 i
189

6,909 !
182 |

13, 130
15.08

13.282 f
15.09 i

376
3, 880
179
65

390 !
3. 723 !
167 i
76

9 78

9 71

34, 674
1,315
1,258

-26. 8
-20.1
-8.0

—7 2
-14.6
-43.5

+.3

-11.3

204,607
5, 677 i
5, 706 !

3."^

2.12
4.265
8.95 .

-8.3

-17.0
-5.8
+2.8

6,098
156

7, 127
201

+25. 7
-3.7

12.932
14. 61

9 79 :

9 74

3 65

72,127

75,304

371 579 :

290, 110

!

275,037

20,110 j
94,797 '
6,036 i
65, (501

19,633
94,484
6.845
72, 124

i /2°

1.213 !
836 1

1.190
949

°7, X7'*
1, ^7
3 *,1L>
2') 9*9

!

26,775
3,279
3,326 1
21, 136 '

36,11710

38,782 !
824
2

-5.8

26,215
986 ;

24,939
985

-4.9
-. 1

25,638
762

23,678
828

-7.6
+8.7

3,210 i
14, 728 ;
677 !
2J 4 i

1,592
15. 593
' 695
277

-50. 4
+5. 9
-i-2 7
+29. 4

287,243

287,544

+.1

17.192
268, 004

24,687
278, 897

-t-43.fi
+ 4.1

+6.8
-37.1

5,672

3,510

-r-3S. 1

+10. 4
— 9. 4
+ 1S. 1
+ 10. 0

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

113,231
13.541
14,739
91,825

—5. 4
— s. 2

^

-3.1
-9.5 !

:
1
!•
j.

890
3, 880
172
46

-3. 1
-2.9

-1. 1

779 -16.0
3, 708 ! -3.4
170 ! -3.9
50 -16.2

-51.6
+5.9
+.6
+24. 0

-L. 9

3.49

-j-. 7

-21. 5

72, 590 i

-3.9

—.6

297,895

+.8

+24.7

260,410
37,485

+1.0

+26. 1
+ 15.3

-4.5

-.9

29,460
88.383
4. 063
66,624
77
1. 114
1, 528

29,245
3,426
3,777
24,041 1

29, 332
3, 469
4,044
25, 712

27, 886
3, 271
3.117
22, 464

26,577
3,171
3.424
23,371

40,229
842 ';

40,210
832

52,410
697

52.379
' 788

0.0

.205
.162
5?9, 487

.194
.153 ,
601,016

0.0
0.0

-12.4
—3 3 !

:

-23. 2
+5.6 |

.170
.148 :

9

-T-L2
+5. 3
0.0
+1.3
+.3
+ 1.3

£:J

-1-6 7
+39. 3
-4-9. ,"

_J--~> f;

4

1,468 i
3,234
7. 733
.069 ;

1,342
3.356
8, 753
.083

:

32,377

31, 856

-0.6

+6.3

127, 354 i

131, 143

4,275 i

4.204
549
2
4, 194 i
23 732 I
1.063 !

+.9

+ 1.7

!

3,874
639
2
3,724
29 501
1.219

15, 605
'- 2, 1 33
* 12, 207 ;

18, 045
4 1 730
4 12, 008

3,026 ;
2,362 j
8, 018 !
.221

2,754
2,334
8, 035
.250

270
269 1
8 i

274
274 i

222
235

107
352

109 :
342 ;

3^ 271

30 944 '

34 071

3, 783
589
2
4, 048
29, 6'r3
.800

3,751
540
2
3 , 853
29,011
.850

4.236
601
24,106
29,170
.850

2, 658
1, 606
7, 978
. 245-

2, 728
1,533
8.332
.245

2, 905
1,988
8,412
.223

1,325
2,737 i
7,826 j
.069 ;

33,857
'
;
|

49,068 ! 50,207 i
55, 320
168, 900
166,244 j 136,465 i
* See table on p. 21 of the Mar ch, 1928, is sue for ear ier data.

-

29 499
.840

+6. 7
+ 10.8
+ 18.2
-1.2
-0.0

+9. 2
— 19. 9
+16. 5
-11.4
— 12. 7

18,976
6. 148
12,604

~~+n~ ~i24~3~
-1.2 —21 0

2,615 i +4.2
1,712 +18. 8
—4. 7
8, 176
— 9
.254

+ 15. 7
+38.0
-1.9
— 13 0

—12! o

1,676,013 * 1,S90,OG2 ' -12. S

4, 608
1,833
2, 776
8, 725
.079

1,541 l
3,221 !
7,692 ;
.070 ;

!

-.'e

^ 10, 625
« 24, 441

29.568
89,796
4.434
68, 741
77
1.335
1, 417

2, 3-t5
2, 742
7 'TO
.070

100
337

-11. 1

* 10, G99 '
•» 25, 937 !

18,752
91,301
5,661 :
72. 979
79 .
1.190
961

.170 !
. 170
. 147 |
. 148 1
602 361 1 687, 568

209 !
230 :
4

1, 347

-21.0
-.9
45 1

44

13. 339
15. 36

12. 794
14. 64
377
3, 925
171
62

21, 493
94. 327
K 145
'A 1(H

103
330

-4.9
-4.0

39

13.207
15.08

303.340 ; 2368, 74 i

317, 72"
41, lh?

199
209

-4.8
-3.6

2.06
4.281
9. 74

25 i

6, 557
253

320,979 i 2325,135
328,354 '. 252,678
42,361 I 43,609 j 43,225
37,432

P

.1
17U
. 13
fuO. 13i

6.977
256

6,235 '
243 '

345
3 278
7,693

449
4, 065 |
178
74

68,059
H

322
3,520
8,662

161,702
5, 625
3, 113

1, 197

75, 000

1.84
4. 093
9.21

42 i

1928

1
|

I

44, 208
1, 683
850

Per ct.
increase
(+ }
,
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

DECREASE ( — )

FUELS
Coa! and Coke
Bituminous:
ProductionUnited States
thous. of short tons_.
41, 277
Canada
thous. of short tons
1, 867
Exports
thous of Ion? tons
832
Consumption—
By vessels
thous. of long tons..
271
By electric power
plant.
thous. of short tons..
3, 719
By railroads
thous. of short tons..
8,198
By coke plantsUnited States
thous. of short tons..
5,834
Canada
- thous. of short tons. 261
Stocks, end of month,
held by consumers, thous. of short tons..
55, 500
Prices—
Mine aver. (spot), dolls, per short ton._
1.90
Wholesale, comp-.dolls. per short ton..
4. 144
Retail, composite-.dolls. per short ton..
9.31
Anthracite:
Production
thous of short tons
6, 032
Exports
thous of Ions tons
Stocks, end of mo. in
yds. of dealers
no. of days supply..
57
PricesWholesale, conip.- .dolls, per long t o n _ .
13. 389
Retail, composite--dolls. per short ton._
15.08
Coke:
Production, U.S.—
Beehive
_ -thous. of short tons..
377
Bv-product
thous. of short tons..
3, 646
Production, Canada. -thous. of short tons..
177
Exports
--thous. of long tons.63
Price, furnace,
9 7Q
Conne^lsvil^e
dolls, per ^hort ton
Petroleum
Crude petroleum:
Production
thous. of bbls. . 74, 10S
Srocks at end of monthTotal (comparable)
thous. of bbls.. 351. G4f.
Tank farms and pipe
lines
thous. of bbls.. 312.411
Refineries
thous. of bbls..
J9, 2'~
California —
Li>ht
thous. of bbls..
20, "s
Heavy
thous. of bbls. 91, 797
Import 1 ?
- -thous. of bbls. .
6, L'09
Consumption (run to stills)
thous. of bbls..
7H,323
Reflnery operations
per ct. of capacity..
79
Price Kansas-Oklahoma
. .dolls, per bbl..
1 '"()
Oil well"5 comple r ed
number
905
Gasoline:
ProductionRaw (at refineries)
thous. of bbls..
2 , V2
Natural gas (at plants). .thous. of bbls..
.1 "12
> QiQ
Fxport^
thous. of bbls.
Con^um'otion
thous of bbl^ '•
•*, 71 s
Stocks, end f of month—
•
Raw (a refineries)
thous. of bbls
3° 3"*13
Natural gas (at plants) .thous. of bbls.. :
7, !
PricesWholesale, New Y o r k _ _ _ < l o u s . per gal..;
. ]7j
Retail, wagon* 50 cities.-dolls. per gal . _.
]H
Retail distribution, 41 States. ihous. of gals...' n74, ^40
Kerosene:




1928

10,284
6, 793

:

19.580
6, 679 •
11,934
:

-5! 3

+3.0
-2.8
— IS. 9
-1.6

11,317 ' -HO.O
7, 489 +10. 2

274 ! +1. 5
0. 0
+1.9 i +24.5
220
8 -25. 0 1 -25. 0

860

952

is

56

25

—55. 4

98
326

88
319

367

419

+ 14.2

58,042 : 53,644
126,556 i, 201,340

48, 917
211,019

+15.6 1 +18.7
204,038
212,637
-7.3 ! -40.0
* Cumulative thi ough Mar. 31.

+4.2

6 ;'

2

Revised.

+1.9 1 +23.9
-2. 8 +7. 2

+10.7

31
TREND OF BUSINESS MOVEMENTS—Continued
|

1928

1927
The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

December

January

54,315
30, 736

48, 134
39, 108

F

®$maij

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

March

March

April

Apr.,
1928,
from
Mar.,
1928

April

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Apr.,
1928, !
from i
Apr.,
1927

1927

1928

-17.9

153,394

Per ct.
increase
(+)
or de1 crease
(-)
cumulative
1928
from
1927

151, 126

RUBBER

Crude Rubber
World shipments plantation
Imports (including latex)
Consumption (quarterly):
Total
For tires
Consumption bv tire mfrs
Stocks, end of quarter:
Total
Alanufacturer^
Dealers
Afloat
World stocks, end of month:
World total
United States
Europe
Producing countries
Afloat
Wholesale price, Para, N. Y

long tons
long tons _ _
long tons
long tons
thous. of Ibs

3
3

74 391
CO, 592
32, G54

50,022
33, 392
3

43, 709

46,468

1
3 H2,103 !
s 91 700
320,403
335,572 ..

96, 601
long tons..
77, 932
long tons
3 18, 669
long tons
3
44, 890
long tons

long tons . . 261, 592
long tons.. 100, 131
66, 737
long tons..
27, 324
long tons..
67, 400
long tons...
.294
dolls, per lb__

276, 670
110, 243
69, 594
27, 453
69, 380
.288

3,391
7,734

4,026
7, 491

3
3

95, 273
380,871
48,897

3
3

64, 131
35,515

!
37, 938 !

40, 688

44, 751
46, 202

91 279
78. 577
50, 614

51,333

-6.8

I
4

256, 689
85, 740
67, 044
29, 515
74, 390
.286

4

139, 074

-.5

I
i

3 82, 233
3
68 105
3 14, 128
I 345,384

269,572
!__
108,955
114,060 j
66, 268
f.l, 398
25,649 ! 22,353
19,223
68,700 i
.234
.204
.183

139, 729

-1.5

ij
263, 362
92, 757
71,229
^
^
26, 176 :~-l3.~6~ ~ - 2 G ~ 6 ~ j | - - - - " - - I - 73, 200
27 1 — 10.3 "— SS^'l'

Tires and Tubes
Pneumatic tires:
Production
stocks end of month
shipments —
Domestic
Export
Inni r tubes:
Production
stocks, ( nd of month.
Shipnvrts—
Dniiie^tio
Export _
bul'd vi' 1 cushion:
Production
s t < ks, e:1 I of mont h
shipments—
Domestic
Exports

thousands
thousands
thousands . _
thousands
._ .thousands,.
thousands
thousands
-thousands

2,959
178

3, 924
132

3, 742
10, 297

4, 086
9,760

3, 413
133

4, 784 !1
8, 826

3,653 I
133 i
5, 176
11,020

5, 128 ! .
9, 318 '

3,997 i
81 i

thousands
thousands ,

33
161

164

37
159 i

thousands. .
thousands

28
^4

31
3

36 i

4,205
98

4,742
9 113

4, 094
199

:

41

5 536
13,371

4, 534
90

4. 669
'105

'<

44 L.
159

5 395
12, 839

I
|

.

4,118
171

•
;

5, 427 i
11,878 L.

4, 469
90

8 705

4,137
174

57
159
54

54
5

1

4

i

12, 292

4

i

8

•

'

|

11,714
4
439

+8.1
-15.9

13 1°7

4

14, 689

+11.9

4

1°4 671
269

:

529

4

i

259

4

:

i

147

4

4 130

!

+13.4
1

4

4

4

|

13 Q.38

ro!.

i
!

4

10, 832

64
162

!

Other Rubber Products
F.erl ii:ne 1 rubber (quarterly):
Pro- lu( turn

!

:

4

118

+3^9
19 7

4 4 108 ! -Hi. 9
11 | -52.2

03

|

long tons - _ 3 46, 530

' 351.112
;

S rap rubber (quartern ):
3 62,016
stocks at iciLuirers
lontT tons
'^nsumption In reclaimers
long tons.. 3 61,331
lai'rber-pv ><>fed fabrics.
Pio luction —
Total
.
thous. of yds
2, 518
Uitinbries. ___
_. thous. of vds.
Li mc(<at fabrics
thous. of vds
1, 303
All < ther
thous of vds
594
X->v oHtis, auto lihrlcs
thous. of yds..
710
Pri d uot ion, relative to capacitv.pcr cent.
23. 6
L>i > l « . r hecLv
T>
r« luction
thous. of pairs
19 203
SI ip'n nts —
To s,h,)c manuf icturers.thous. of pairs. _
8,384
T«" iep iir trade
thous of pairs
6, 009
Foi export
thous. of pairs.
1,087
strckx i n 1 of month
thous. of pairs
42, 802
!l'iM>er ;-oies.
Production
. . . thous. of pairs.
3, 255

!

2,177
600
874
703

29.' G

;

3

s 04,069

45, 547

-16,31*

3 62, 807
358.303

!
2, 575
_
757 ...
1,107
1,148 '•_
711
900 '
960 i
28.8
.
;

9 756
i
i

978
1 ISO
588
851
61.3

._

2, 800
820
1 498 !
48?
805 1!
41.4

17, 682

19,181

29 :>°>

13, 640

10, 802
6,754 '
1,127
41, 289

10, 0^3 . .
<• 407
i.l.js' -.
46,14*

7, 706
6, 367
772
47 82°

3,628

2,243
916
675
3,148

:

4 2 855

'<

6 689

3,431

.

;

!
;

4 3 19Q

_[_Q (J

AQ7

4 2 314

+55. 6

59, 446

+48. 5

4 1

14 169

10, 786
6,314
793
43, 796

i._

4 zifi O'«

6, 507
768
47 809

1, 661

1,726 i

i

2,087 :

1,692 '

992 I
529 :
3,381 •

1,090 i._
282 ;
3,822

1,221
490
26
4, SO?

1, 122 i

4

4 9 578

i
i

'
i

31, 671
+49. 1
4 02 4-5
+55. 6
4
3^ 089 | +15.3

4

:

3,747 , .

4

4 91 943
4 1 1 440

i

4

4 016

10, 805

+169. 1

4

6, 022
2, 998
1,486

+132.4
+287. 3
+471.5

18 14?4, 263

-.1
-1.9
-8.1
+11.5

Milplll M l t b —

To shoe manufacturers
To repair trade
For export
^tock , end of month
M.v/hanical rubber g.ods:
shmments —
Total
Belting
IIc.se
All other..
K 1 ">r b >Tvts,* shiomeuts

thous. of pairs. _
thous. of pairs..
thous of pairs
thous. of pairs. .

2, 498
974
129
3, 257

539 '

53
4,113

•

4 9 rqi
4 774
4

'

4

°60

:

thous. of dolls,.
thous. of dolls..
thous of dolls
thous. of dolls
._ ..pounds..

5,898
1, 557
2,190
2, 151
192, 926

5, 630
1,388
2, 257
1,984
217, 798

5,838
1,351
2,289
2, 199
195,249

6,675 :
1,594 i
2,589 I
9 562
| 215,724 '..

i
!
1
:

7, 161
" 1, 714
2, 970
9 477

5,823
1,459
2,370
1 995

"•

4

18 166
4 347

4

4

4

4 A n?,i

4

G] 745

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
thous. of Ibs..
38, 151
36, 409
Calfskins
thous. of Ibs..
3,177
3,410
Cattle hides .
thous of Ibs
23, 391
18, 856
Goatskins
thous. of Ibs
5,326
5,448
Sheepskins
thous. of lbs_.
3, 740
5,117
Stocks, end of month:
Total hides and skins
thous. of Ibs. _ 242, 300 244, 242
Cattle hides
thous. of Ibs
198, 623 204, 224
Calf and kip skins
.thous. of Ibs..
26, 803
23, 825
Sheep and lamb skins
thous. of Ibs
16, 874
16, 193
* See table on p. 18 of the April, 1928, issue for earlier data,




33,421 i;
2,861
12,269
7,453
4,276

48,489 !
3,018
28,833
8,362
4,841

45,443 ;
2,836 \
26,101
8,182 !!
5,428

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

33, 234 ! -6.3 ! +36.7 ;
2,809
-6.0 ! +1.0
15, 148
-9.5 +72.3
8,195 ! -2.2 i -.2 : '
5,113 1 4-12.1 ! +6.2 ;

238,736 1 229,970
234, 094
220, 679
200,897
194,655 I
I 186, 430
170, 732
21, 615
20, 136 1
i 31,435
31, 638
16,224 i 15,179
16, 229
18, 309
3 Quarter ending in month indicated.

4

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

163,762

+38.3

12, 125
90, 059
29, 445
19, 662

+66.0

Cumulative through Mar. 31.

+6.5
+2.7
+15.0

32

TREND OF BUSINESS MOVEMENTS—Continued

1927

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

March

PER CENT INCREASE (+) OR
DECREASE (— )

1927

!

1928

Apr.,
1927,
from
Mar.,
1928

+68.4
+84.4

761
457
3,837
1,027

742
-6.3
454
+7.6
3,330 i -33.0
-9.6
960

-16.0
35
+3.5
-4.4

95, 521
222, 116
16, 018 :

81, 890
233, 925
20, 396

98,759 ! +18.6
209, 671
-9.9
17,005 j -3.2

-3.3 !
+5.9
-5.8

1,358

1, 411
26, 819
68. 747
71, 184
27, 405
99, 905

-.4
1,397
25, 897
59. 753 '
80,464 -15.8
22, 966
-4. 2
128,446 .
-8.3

! cumu(-)

Apr.,
1927,
from
Apr.,
1927

+8.0
+9.7

I Per ct.
inCUMULATIVE TOTAL I
FROM JANUARY 1 1 crease
THROUGH APRIL 30 i (+)
i or decrease

-2.8

December

January

0. 250
.250

0.261
.300

0.248
.291

0.237
.269

0.256
.295

0.140
.152

0.152
.160

761
376
4,869
1,094

711
383
5,479
1,151

666 :
374 :
5,780 :
1,048

665
407
5,140
1,016

623
438
3,446
918

79. 399
253, 643
42, 951

66, 128
271, 156
26, 090

61,041
247, 966
18,482

80,550
246, 597
16,543

1, 243
23, 034
72, 143
91, 457
20, 057
150, 168

1, 223
23, 095
71,415
79, 438
19, 931
119,896

1, 240
23, 409
70, 509
85, 757
20, 154
79, 257

2 1, 363
25. 245
73, 045
79, 226
2 19, 061
59, 769

57,017
247, 409

54, 828
245,931

54, 085
242, 361

54, 302
249, 023

66, 235
277, 143

65,608 1
274,983 i

S2, 065
148, 121

85. 391
149, 952

86, 028
147, 315

87, ?99
141, 3S6

91, 056
150, 325

90,794 '
145,298 •

™T \

April

March

April

1927

1928

lative
1928
from
1927

2,989
1,685
15, 076
4,108

2,665
1,602
19,815
4,133

-10.8
—4.9
+31. 0
—. 6

310, 203
918,817
88, 115

303, 240
987. 835
77, 133

f 7.' 5
— 12. 5

5,184
71, 749
214, 969
311, 158
77, 405

-3.0
4-2. 7
+1L 4
-14. 5

HIDES AND LEATHER— Continued
Hides— Continued
Prices:
Green salted, packers' heavy
native steers
dolls per Ib
Calfskins, country No. 1
dolls, per Ib
Inspected slaughter of livestock:
United StatesCattle
._
thous. of animals
Calves
thous of animals
Swine..
thous. of animals..
Sheep
thous. of animals..
Canada —
Cattle and calves
no. of animals..
Swine
no. of animals,.
Sheep
no. of animals..
Leather
Production:
Sole leather.. thous. of backs, bends, sides..
Finished sole and belting
thous. of lbs._
Finished upper
thous. of sq. f t _ .
Oak and union harness
stuffed sides
Skivers
doz
Unfilled orders, oak and union harness. ..sides..
Stocks, end of month:
Sole and belting
thous of Ibs
Upper
thous. of sq. ft..
Stocks in process of tanning:
Sole and belting..
thous. of Ibs..
Upper
thous. of sq. ft..
Exports:
Sole...
thous. of Ibs
Upper —
Total
thous of ^q ft
Cattle and calf
thous. of sq. ft..
Patent
thous. of sq. ft..
Sheep
thous. of sq. ft..
Prices:
Sole, oak. scoured backs,
heavy. Boston
dolls, per Ib
Chrome calf, "B" grades.dolls. per sq. ft..

924

1, 265

1, 076

14, 488
9, 975
3,715
798

15,532
10, 614
4,103
815

15, 567
10, 750
3. 836
981

.59

. 59
. 54

. 65
. 60

Leather Products
Shoes:
23, 525
P r oduction
thous of pairs
381
Exports
thous of oairs
Wholesale pricesMen's black calf
6. 50
blucher, Mass
dolls per pair
Men's dress welt, tan
5. 00
calf, St. Louis
dolls, per pair..
Women's black kid, dress
4.00
welt lace oxford
dolls per pair
Gloves:
Glove leather —
858
Production
thou^ of skins
Stocks (tanned) —
1, 150
In process
thous o f ^ k i r s
2,611
Finished
thous of ^kins
Gloves, cut —
182, 810
Total. ._
... dozen pairs
Dress and street —
Imported leather
dozen pairs. . 41, 150
22, 430
Domestic leather
dozen pairs
119, 230
^Vork gloves
doz^n pa^r^

"

66, 737
18, 259
54, 783

-22.5

-17. 1 :
-20.5
57 3

971

753

1, 150

14, 297
9, 830
3, 605
SC2

10, 846
7,311
2, 958

12, 293
9,250
2,404
639

.66
.60

.43
.46

• 43 1
. 46

+1.5
0.0

394

31,277
559

28,389 i
595

33.1

-33.8 :

o

4
4

+53.5
+30.4 [

31, 707
471

5,199
73, 998
209 227
279, 329
90, 569

4
4

_0 9

. 65
. CO

846

{

13,388 ; -24.1
-25.6
9, 786
2,896 i -17.9
706 | -33.1

-11.0

3,747

4,06"

+S.5

-19.0
-25. 3
+2.1
-18.3

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

56, 2 r
38, 505
14, 502

+ 12.5

4

25 939
388

29, 24R
303

6. 75

6.75

6.75

6. 75

6.40

6.40

0.0

+5.5

5.00

5. 00

5. 00

5.00

4.85

4.85

0.0

+3.1

4.03

4.15

4.15

4.15

4. 00

4.00

0.0

+3.8

90S

944

810

823

1,140
2, 707

1, 203
2, 838

1, 284
3, 035

1,891
2, 905

1, 762
2,736

177, 884

194, 874

223, 271

; 230,749

219, 370

4

37, 738
24, 650
115, 496

45,518
28, 044
121,312

51,653
37. 550
134,068

64, 588
43, 187
122, 974

62, 655
37, 928
118,787 !

4

133, 788
135, 632
156, 872
24, 976

142, 034
139, 851
159, 575
21, 082

132,743
143,678
135, 952 2 i44? 771
156, 366 , 2 155, 274
21,151 j 21,124

166,411
148, 360
198, 338
23, 746

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

+4.3
-8.0
+12.0
-12.2

-9.5
-6.6
-21.5
-6.2

603, 908
583, 195

210, 388
207, 064
45, 198
152, 764
2.53

209, 1-06
210, 016
44, 726
156, 164
2.53

2 209, 820 ! 2 228, 692
2 2207, 926 2 230, 484
47, 162 2 45^ 854
130, 152
83, 352
2.53 ;
2.53

211, 162 :! 235,408
214, 202 1 232, 858
44, 008
42, 800
80. 592 ; 97, 063
2.53 '
2.75

218, 996
221, 406
39,290
82,536
2.75

-7.7
-7.1
-4.0
-3.3
0.0

-3.6
-3.3
+12.0
-2.4
-8.0

119,312
81
181, 600
182, 027

119, 525
84
186, 721
172, 952

117, 553 <

133, 207

129,892

-2.0

192, 645 i
181,112

174, 094
176, 356

166,460
186,138

-2.7
-2.7

123, 883
181, 439
180, 467

114,211
186, 829
177, 808

i 119,932
:
80
: 197,976
! 186,232
j
109,666
113,752
188,163 i 190,305
172,635 1 172,896

118,453
193, 443
163, 179

128, 927
169, 061
166, 531

128,666
168,711
147,736

+4.1
+1.6
-5.6

535
169, 202

1,758
157. 466

539
854
183. 414 i 216, 160

1,648
638 |
140,011 ! 184, 502

1,073 i
25.3
-35.2
123, 449

4

_; o -; r,
; +30. 1

1

* 2, 345

625, 006

4

174, 186
* 102, 271
4
348, 549

86, 954
1, 555

+4.1
— 23. 8

4

83, 562
2,042

2, 629

+12.1

596, 029 .

-4.0

4

134, 909
4
90, 244 • -1LS
4
370, 876 1 +6.4

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 lb^
Newsprint Paper
Production:
United States, total
short tons..
Ratio to capa^'itv
per cent
Canada..
..
...
short tons
Consumption by publishers.
..short tons..
Shipments:
United State5*
short tons
Canada
short tons .
Imports
_
short tons. _
Exports:
United States
short tons
Canada
short tons..




2

Revised.

112,302
79
189,822
162,573

1

149, 886 '
133, 126
173, 943
18, 549 I

4

Cumulative through Mar. 31.

568, 341
553, 700

-5.9
-5.0

74, 619

81, 906

+9.8

890, 630
887, 894

858, 780
862. 628

-3.6
-2.8

422, 845

450, 260

+6.5

-9.5

518, 447

469, 312

-9.5

+15.7
-2.7

654, 264
687, 356

767, 164
702, 869

+17. 3
+2.3

-7.9
+14.7
+10.5

506, 202
643, 003
614, 578

456, 082
758, 740
686, 518

-9.9
+18.0
+11.7

-40.5
+13.4

4,955
591, 479

3,789 -23.5
697, 051 i +17.8

33

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

1928

Apr.,
1928,
from
Mar.,
1928

Apr.,
1928,
from
Apr.,
1927

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

February

March

April

March

April

25, 905
37, 731
207, 449
46. 522
3.25

28, 499
39, 145
215, 118
48, 212
3.25

34, 648
47, 657
206, 392
41, 613
3.25

33, 734
46, 641
188, 384
43, 363
3.25

22, 744
28,462
227, 049
42,884
3.25

24, 105 ' -2.6
-2.1
26, 389
-8.7
215, 329
+4.2
40, 798
0.0
3.25

+39.9
+76.7
-12.5
+6.3
0.0

720
102

507
118

654
153

853
151

697
123

699
141

819 1 -IS. 3
135 I -18.5

-14.9
-8.9

2,900
521

2,711
545

-6.5
+4.6

10, 671
12, 934
105
70, 413
44, 257

12, 329
11,897
108
43, 173
43, 173

12, 332
11, 722
109
65, 865
37, 172

13, 190
11, 930
110
78, 629
40, 221

11, 796
11,807

12, 085
12, 521
110
84, 715
31, 360

: -i.o

-10.6

+6.8
+5.7

47, 681
46, 063

49, 647
47, 356

+4.1
+2.8

-8.8

-0.1

307, 625
* 93, 687

259, 382
120, 566

-15.7
+28.7

33, 261

+7.4

December

January

20, 877
38, 117
218, 177
46, 708
3.25

1927

1928

PAPER AND PRINTING— Continued
Newsprint Paper— Continued
Stocks, end of month:
At mills—
United States _ _
short tons
Canada
short tons..
At publishers
.short tons
In transit to publishers
short tons..
Price, roll, f. o. b. mill.,
dolls, per 100 Ibs

|

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
Cash checks, shipments *
thous. of checks..
Blank forms, new orders *
thous. of sets

71, 715

11,045
11, 167
107
71, 767
31, 270

1

4

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

2

2
2
2
2

7, 524
272.4
187, 748
179, 852
74, 430
179, 129
183, 028
42, 610

145, 549
34, 512

2
8, 194
7, 892
2
278.9
82.0
205, 065 2 213, 066
205, 549 2 216, 051
86, 780
82, 446
190, 631 2 194, 756
198, 194 2 211, 687
49, 172
50, 490
2

2
2
2
2

157, 185
62, 791

142, 723
60, 918

2 8, 856
282.0
227, 573
245, 753
2
94, 005
209, 806
2
237, 807
2
40, 424

8,320
83.2
219, 012
209, 203
84, 513
209, 634
218, 214
40, 312

8,628
79.9
219, 824
230, 065
114, 369
209, 730
217, 876
54, 566

7,771 1 -6.1 +7.1
+1.5 +11.4
74.7
-3.8 +6.5
205, 589
+6.0
197, 435 -14.9
10.2 — 17.0
101, 861
-.1 +10.4
189, 942
-8.2
+4.9
209, 944
-.3 -19.7
50, 211

139, 775
47, 582

132, 719
47, 551

155, 513
43, 789

147,938
46,314

2
2

30, 981
788,315
805, 646

864, 716 I +9.7
876, 556
+8.8

745,331
792, 380

804, 827
865, 902

+7.9
+9.3

+29.1

-5.0
-.1

-10.3
+2.7

-4.9

+13.5

10, 850

14, 005

+13.6

465, 590

508, 211

+9.2

121, 858
66, 767

-8.0
0.0
110,658 j -13.3
66,099 | +12.0

+6.0
+22.7

462, 096

501, 274

+8.5

94
90

87 | +10.2
+3.7
90

+11.5
-17

10
9

10

10 !

+20.0
+12.5

+20.0
-10.0

98, 325

93, 419

369, 555

383, 744

+3.8

87, 627
72, 705

-8.8
-3.4
-4.0
+2.2

-.8

95, 179
69, 116

+5.5
+30.0

359, 189

375, 196

+4.5

39, 195

-5.0
40, 539
—1. 1
39,931 1 -13.6
+3.6
49, 446

-.6

148, 946

159, 028

+6.8

-6.0
+8.7

151, 527

154, 844

+2.2

-4.6
-9.4
+6.0

+2.2
-1.2
+5.7

402, 335
391, 755

403, 392
395, 212

+.3
+.9

Other Paper
3,450
1,940
Binder's board, production
. short tons
4,382
3,626
2,547
Book paper:
137, 572
Production..
_
short tons.. 110, 463
125, 191
123, 939
121, 509
91
91
83
Ratio to capacity
per cent..
93
90
117,304
123, 567
135, 370
Shipments
short tons.. 113, 225
125, 033
Stocks, end oi month
short tons..
81, 105
72, 415
73, 403
69, 630
68, 265
New orders82
97
88
Coated
p. ct. of normal production..
83
96
84
79
81
Uncoated.p. ct. of normal production..
87
86
Unfilled orders, end of month.
12
10
Coated
p. ct. of normal production..
11
11
g
9
8
Uncoated.p. ct. of normal production..
9
Wrapping paper:
92, 654
88, 863
101, 618
Production
short tons
93, 249
96, 223
78
86
89
Ratio to capacity
per cent..
89
91
92, 469
Shipments
._
short tons
96, 334
85, 220
92, 410
93, 144
Stocks, end of month. __
..short tons.. 84, 916
94, 551
87, 593
92, 551
87, 895
Fine paper:
Production
short tons
40, 288
38, 136
42, 399
38, 870
37, 471
92
91
93
Ratio to capacity
per cent
93
97
37, 548
37, 259
Shipments
short tons
38, 287
43, 459
35, 550
Stocks, end of month.
short tons..
51, 044
53, 741
52, 973
51, 850
52, 410
All other grades:
Production
_.
_ short tons
97, 720
99, 588
96, 075
106, 303 101, 426
Shipments
short tons..
96, 863
97, 835
105, 723
98, 946
93, 680
Stocks, end of month..
.short tons..
71, 428
68, 751
66, 766
67, 354
60, 838
Total paper (inc. newsprint and box board):
Production
short tons 2 642, 242 2 679, 381 2 677, 501 2 735, 397
696, 124
82
76
Ratio to capacity
...per cent..
82
82
82
Shipments
.
short tons 2 640, 450 2 665, 078 2 670, 176 2 732, 445 » 680, 851
Stocks, end of month.
short tons
341, 601
344, 485 355, 951 359, 242 374, 921

1

2,774

123, 839

40, 684
49, 518

108, 797
107, 835
66, 662

3, 040 !
110,217

99,211 !
98, 063
67, 589

723, 187

678, 867

2, 693, 188

2, 788, 403

+3.5

674, 889
330, 155

-5.3
0.0
-7.0
+4.4

+2.5

712, 359
329, 373

+.9
+13.6

2, 672, 149

2, 748, 550

+2.9

1, 617, 188
1, 290, 989
326, 199

1, 580, 485
1, 279, 019
301, 466

-2.3
-.9
-7.6

85, 334 -15.5
-4.1
343, 334
343, 195
16,714 , -4.5 +17.5
63, 702
73,473
4
Cumulative through Mar. 31.

0
+15.3

Paperboard Shipping Boxes
Production:
Total
Corrugated
Solid
fiber
Operating activity:
Total
Corrugated
Solid
fiber

342, 376
272, 807
69, 569

347, 622
227, 280
70, 342

402, 183
326, 430
75, 753

425, 361
348, 835
76, 526

405, 319
326, 474
78, 845

421, 110
338, 400
82, 710

403, 165
322, 002
81,163

-4.7
-6.4
+3.0

+.5
+1.7
-2.9

66
64
72

69
67
75

77
75
84

80
78
85

74
72
80

79
80
76

77
76
77

-7.5
-7.7
-5.9

-3.9
-5.3
+3.9

Abrasive paper and cloth:
Domestic sales
reams
58, 265
83, 969
80, 505
16,034
Foreign sales
reams..
17, 112
16, 169
* See table on p. 48 of the May, 1928, issue for earlier data.

96, 871
20, 558

. thous. of sq. ft
-thous. of sq. ft..
thous. of sq. ft..
.per cent of normal .
per cent of normal..
..per cent of normal. .

Other Paper Products




81, 850
98, 054
19, 634
20, 844
2
Revised.

34
TREND OF BUSINESS MOVEMENTS—Continued

1927
The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

t
I

1938

Per ct.
in! PER CENT IN- ' CUMULATIVE TOTAL
CREASE (+) OR 1 FROM JANUARY 1 crease
(+)
DECREASE (— ) i THROUGH APRIL 30 '1
or de!
i
crease
(_)
: Apr., Apr.,
i cumu1928,
1928,
lative
from
from
1927
1958
iy2S
.Mar., Apr.,
from
1928
1927
TJ27

1927

!

December

January

*%?•

«<*<*

Kentai>d vertisemen ts, Minneapolis. _ number . _
2, 564
Real estate conveyances (41 cities)
number.. 143, 731

2, 473
139, 314

2, 465

3, S20

5, 561 !

4, 1S3
101 754

Io4
187
192
200
197

179
13-1
191
210
197 ,

191
190
193
209
201

190
189 ;
193
207
201

203
212
197
200

204 !
213
197
200

204
213
197
200

14,712 :
6,239
47,938 ;
5,475 |

12,259
9,187
47,731
4,515

+28.4
+56.1
+1.3
-2.6

7,569 '
82,827 ;

5,582
79,722

-7.0
+8.3

BUILDING

CONSTRUCTION
HOUSING

April

I', March

April

AND
;

5, 895
160 088

+45. 6

16, 164
426, 947

14, 319
434,101

— 11. 4

+13.4
+17.9
+15.8
+12.3

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

44, 609
27, 570
189, 927
16, 731

-2. o
+ 17.9
+21.4
+9. 5

+6.4
+14.4

21, 177
265, 465

21, 136
300, 896

+13.' 3

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

267, 549
197, 825
954, 872
106, 170

-18.5
+27.5
+16.7
-1.9

-21.2
+.4
+7.0
-1.2

199, 565
317, 959
1, 929, 856

179, 212
346, 067
2,051,928

-10.2

-14.5 -34.6

-3.3

130, 725
8, 888

140, 724
8,821

+2.3

1,682,770

1, 725, 499

— 5. 7

Building Costs
Building materials:
Frame house, 6-room
rel.
Brick house, 6-room
rel.
Concrete factory costs (Aberthau})..re\.
Building costs (Eng. News Record). rel.
Building costs (A. G. C.)
rel.
Constructiou costs (Am. Appraisal):
Frame,- _
rel.
Brick, wood frame
rel.
Brick, steel frame.
- rel.
Reinforced concrete
rel.

to 1913 .
to 1913 _
to 1914. _
to 1913. .
to 1913-

182
187
191
204
199

173
133
192
205
199

182
186
192
205
199

to 1913 .
to 1913
to 1913
to 1913

205
214
197
201

205
214
196
200

203 [
212 '
197
200

9,082
4,406
38, 747
3,582

10, 803
4,412
37, 516
3, 380

9, 084
5,324 '•
42,548
3, 071

10, 826
6,940
54,582
5, 209

13,896
10,834 :
55,281 ;
5,071

4,381
60, 889

3,955
60, 271

4, 855
65, 137

6, 385
84, 266

5,941 1
91,222 ;!

85, 286
27, 938
202, 447
22, 480

65, 981
34, 833
186, 904
22, 854

51, 5G4
31, 716
232, 574
18, 232

69,490
48, U68
2(50, 009
33, 2.J5

80,514
83,208
289,325
31,829

35, 823
90, 194
464, 167
162

30, 055
69, 676
410, 535
125

53, 803
50, 134
444, 023
124

±9, 454
lUu, 511
572, 647
137

45,900
63,948 ' 58,227 ; -7.2
113,746
101,717 1 113,246 i +6.8
624,523 i 595,874 ! 583,766 ! +9.0
164
135
166 i +19.7

31, 935
1,947

43, 261
2,959

41, 105
1, 713

30, 377
2, 048

203
- 212
1U7
200

;

+ L9
0

—5 8
-2.6
-1.0
+ 1.4
— 2.0

0
0
0
0

-.5
—.5
0
0

-1.8

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 dolls..
Industrial buildings
thous. of dolls
Residential buildings
thous. of dolls.,
Educational buildings
thous. of dolls..
Other public and semipublic buildings
thous of dolls
Public works and utilities.. thous. of dolls..
Grand total
thous. of dolls
Building volume (A. G. C.)
rel. to 1913..
Fire losses:
United States and Canada
(Journal of Commerce)
thous. of dolls,.
Canada (M on dar y Times). -thous. of dolls..

;!

;| 106,925 j 78,084 i +15.9
+3.1
i! 47,560 i 40,032 ; +73. 1 +107. 9 1
i! 240,312 ' 259,841
+3.6 1
;
35,413 J 34,326 i -4.3
-7.3 i

; +1.2

25,981
2,101 ;

26,808
2,361

39,721 :
2,173 i

+2.6

+8.8
+6. 3

'-Is

LUMBER PRODUCTS
Softwood Lumber
Southern pine:
2
424, 525
Production (computed)
M ft. b. m _ _ 419, 297 2 418, 717
99
Operation
per cent of full time
97 2
Shipments (computed)
M ft. b. m._ 395, 239 3 426, 220 2 417, 652
New orders (computed)
M ft. b. m._ 398, 192 2 473, 900 2 430, 141
Stocks, end of ino (computed) M ft. b. in 1, 207, 534 »1,200,031 1,206,904
2
365, 315
2 352, 826
Unfilled orders end mo (com ) * M f t b m
47,011
Exports lumber
M ft b m
52, 930
66, 332
366
Exports, timber
M ft. b. m__
308
870
36.12
Price, flooring dolls, per M ft. b. m
35.54
35.26
Douglas fir:
507,633
Production (computed)
M ft. b. m__ 437, 352
410, 493
479,879
Shipments (computed) .__
M ft. b. m.. 386, 768
397, 571
541,206
New orders (computed)
M ft. b. m_. 397, 511
444, 514
45,346
Exports lumber
M ft b. m
51, 072
85, 299
44,226
Exports timber
"M. ft b m
46, 492
2,280
15.99
Price, No. 1 common-dolls, per M ft. b. m__
14.80
15.23
Price,flooring,1x4, "B" and
34.04
better V G
M ft b m
34.50
34.04
California redwood:
43,276
Production (computed)..
_M ft. b. m._
36, 029
39, 454
38,700
Shipments (computed)
__M ft. b. m._
26, 882
30, 201
37,299
New orders (computed)
M ft. b. m__
23, 398
38, 763
48,000
Unfilled orders,end mo. (com.)* M ft. b. m__
41, 518
50, 415
California white pine:
51,452
72, 552
Production
M ft b in
51, 187
97, 412
82, 087
90, 891
Shipments
M ft b in
566,957
Stocks, end of month
M ft. b. m
667, 618
609, 181
North Carolina pine:
51, 317
Production (computed)
M ft. b. m..
48, 139
40,019
46, 74G
Shipments (computed)
M ft. b. m._
47, 845
37, 030
Northern pine:
Lumber3-4,513
Production
M ft. b. in..
24, 300
33, 550
35, 413
29, 451
Shipmei ir s
M ft b m
24, 680
38,470
32, 708
Nev orders
'VE ft b m
22, 156
Lath5,726
4,472
Production
M ft. b. m__
7,315
5,609
h5hipm a n^-!
M! ft b m
3, 994
5,300
Northern hemlock:
13,360
13, 949
11, 425
Productioa
M ft. b. m
9.520
10. 014
7.485
Shiuments
M ft. b. m..
!
See tables on p. 22 of the April, 1928, issue lor earlier data*




2
460, 346
421,911 ; 444,469
412,472 1
f2
100
99 ii
: 2 481, 645
447,083 !| 452,940
438,466 1
498, 006
464,896 j| 459,862
433,287 i
2
1,185,605 1,160,433 111,239,474 1,205,135 !
2
381, 676
399,489 i j
1
66,527
53,952 ! 51,244
80,305 |
560
291 I
89
389 i
!
35.69
35.74
39.66
39.56

-8.3

-32. 8
-25.2
-9.7

1

242, 689
1,810

233, 822
2,087

-3.7
+15.3

|j 511,213
484,355 i +2.4
1 510,766
565,827 i +14.5
i 546,130 | 548,368 i +12.0
j l 47,720 ' 46,699 ! +1.5
|| 39,294 : 45,003 !
-.5
16.80
17.24
-•6

+7.5
-2.9
+6.4
+26.0
-3.9
-7.3

1
1

1,916,379
1,974,127
2,069,475
196, 388
133, 740

1, 947, 269
1, 906, 593
2, 090, 515
247, 527
133, 155

+ 1.6
-3.4
+1.0
+26.0
-.4

-.5

-5.1

34,199 i -24.8
44,275 -11.5
47,394 ! -18.9
72,703 I -2.2

+12.5
-12.3
-22.5
-34.1

141, 227
163, 463
190, 067

172,429 i +22.1
151,568 i -10.0
158,119 ! -16. S

+ 76.2 ;
+6.0 ;
+3.4

201,696 !
355,047 |

284,300 j +41.0
408,671 +15.1

200, 942 i
204,050

196, 014
201,620

-2.5
-1.2

141,031
144,290 j
140,040 i

137,206
142,423
143,960

-L3
+2.8

30,987
31,606 1
j
* 59, 485
* 51. 709 t

24,368
26,429

-2,. 4
-16.4

i +-

; 508,528
479,879
521,062
58,020
43,423
16.08
i
34.13

520,615
549,264
583,733
58,862
43,226
15.99

51,210
43,847
45,316
49,003

38,489
38,820
36,741
47,916

!

:
80,683
, 114, 182
534,740

33.97 i|
i|
!l
1
;|

35.99 !
42,418
51,273 i
59,953
69,897

35.81

100,978 '! 44,323 • 57,305 i +25.2
106, 188 i 105, 261 ' 100, 206 ; -7.0
493,696 I 522,422
477,411
-7.7

47, 523
54, 866

i
:

:
!

57, 155 !!
62, 978

48, 755
47, 838

49, 462
51, 191

32,731
39, 645
38,856

36, 412 1
37, 914 :
35,926 :

31, 109
38, 777
33,908

42, 302 , +11.2
-4.4
41, 353
44,555 ; """• 5

-13.9
-8.3
-19.4

5,143
9,593

6,184 I
5,927 i j

9,866 ; +20.2
9,675 i -38.2

-37.3
-38.7

18,089
13.255

!
;
2

+2.5

+2.0 ! 1,772,600 1, 635, 560
+7.3 | 1,721,869 1, 866, 943
o n

-7.2
-6.6
-2.1
+4 7
-18.9
-48.0
1

Revised.

6,532
7,875 ;
17,820
21,462

16,159
22.278

1

+20.3 +15. 6
+ 14. 8 +23. 0
1

i
:
!

* Cumulative though Mar. 31.

-7.7
+8.4

i

' 42, 874
4
30. 260 . -4L5

35
TREND OF BUSINESS MOVEMENTS—Continued

1928

1927

1937

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"
D

m

ber ~ I

Januar

y

ll

* ary ~

PER CENT IX- i CUMULATIVE TOTAL }
FROM JANUARY 1
! CREASE (+) OR 1
DECREASE ( — )
THROUGH APRIL 30

March

April

March

April

Apr.,
1927,
from
Mar.,
1928

Apr.,
1927, ,
from
Apr.,
1927

Per ct.
increase
or decrease

cumulative
1928
from
1927

1927

1928

4

8 342
9, 227

4
4

8, 916
8, 491

+6.9
-8.0

4

9, 921

4

8, 270

-18.6
-11.4

LUMB£B PRODUCTS— Continued
Hardwood Lumber
Walnut lumber:
Production
M ft. b. m._
Shipments .__ ._ _
M ft. b. in
Stocks, end of month
M ft. b. ni__
New ordfrs
A! ft b m
Unfilled orders, end of m o n t h _ _ M ft. b. rn_.
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
Lower Michigan hardwoods:
Production
M ft b m
Shipments
M ft. b. in_.
Stocks, end of month
M ft. b in
All hardwoods:
Total stocks, end of monthTotal hardwoods
M ft. b. m._
Gum
M ft b in
Oak
...
_M ft. b. m
Unsold stocksTotal hardwoods
M ft. b. m._
Gum
^
M ft b m
Oak
M ft. b. m
Unfilled orders —
Total hardwoods
M ft b m
Gum
M ft. b. m..
Oak.
M ft. b. m

3,376
2, 548
13,037
2,158
5, 395

3, 063
2,687
13, 264
2, 623
5, 389

2,585 :
2, 762
13, 179
2,807
5, 491

3.268
3, 042
13, 327
2, 835
4, 613

3, 319
3,115
11.291
7, 279

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

2,709

2,255

2, 131

2, 185

2, 858

2,285

4

7, 416

4

6, 571

2,738
2,047

2,176
1,918

4

7, 187

4

6, 837

-4.9

52. 610
34! 848

40. 625
27^838

123, 676
80, 049

— 5. 5
—9. 5

7,799
7, 413
35, 897

9,713
7,484
47, 803

930, 398 1, 021, 295 1, 145, 176
263, 649
297, 464
334, 702
331, 362
408, 852
360, 590

862, 428
225, 823
303, 719

802, 761
200, 180
290, 994

740, 914
177, 437
272, 082

805, 780
219, 301
296, 720

912, 816
254, 192
337, 262

661, 711
159, 759
241, 518

617, 375
142, 647
229, 171

225, 388
83, 126
65, 343

256, 464
100, 560
69, 392

281, 196
103, 092
78, 2Q6

234, 933
81, 904
68, 633

219, 108
72, 069
69, 044

2, 656
3,615

2, 416
3, 041

2, 014
3,229

2, 407
2, 951

20, 707
19, 269

37, 543
24, 164

41, 185
26, 512

44, 948
29, 373

4, 996
5, 895
30, 902

7,934
8,147
30, 821

9,188
7, 541
30, 626

3 7Mf>

9, 193
6,078
30, 870

._'!

4

4

4

130, 825
88, 498

4

4

* 24, 942
4
22, 983

4
4

26, 315
21, 766

+5.5
-5.3

9, 023, 495
763, 947

+0.7
+13.3

24, 278

26, 168

+7.8

36, 460
35, 350

30, 058
29, 870

-17.6
-15.5

30, 215

30, 120

-.3

146, 430
150, 359

159, 914
172, 016

+9.2
+14.4

183, 937

+10.1

27,043

-18.0

1

:j

1
!

Total Lumber
Production, 10 species
M
Exports, planks, joists, etc ._.
M
Retail yards, Minneapolis district:
Sales
-.
M
Stocks, end of month
M
Composite lumber prices:
Hardwoods
dolls, per M
Softwoods
dolls, per M

ft. b. m_. 22,085,371 22,007,527 2,245,215 22,423,055 22,347,698 2, 378, 995 2, 268, 148
168, 289
239, 145
158, 909
186, 541
179,352
ft. b. m
188, 014
153, 700
2

-3.1
-3.9

+3.5 I 8, 962, 275
-4.6
674, 018

ft. b m
ft. b. m _

4,742
80, 690

5,042
88, 976

4,535
94, 155

7,106
91, 428

9,485
93,983 j

7,347
90, 846

7, 789
2 91, 902

+33.5
+2.8

+21.8
+2.3

ft. b. ni__
ft. b. m__

39.74
26.84

40.42
27. 37

40.47
27.50

41.24
27.55

39.77
28.00

40.80
30.26

40.65
30.52

-3.6
+1.6

-2.2
— 8. 3

m_.
m
m__
m
m_-

7,820
6,797
29, 527
6,883
8,736

7, 346
7,252
28, 721
8,161
9,154

7,519
6,889
29, 118
7,712
10, 034

7,862
8,184
28, 036
7,211
9,816

7,331 '
7,545 i
28, 326
7,036 1
9,963

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

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

-6.8
-7.8
+1.0
-2.4
+1.5

-24! 7
+.6
-22.7
-8.2

m_.
m
m _
m
m..

32, 113
29, 266
74, 773
34, 715
27, 887

35, 947
38, 080
82, 239
53, 888
45, 925

38, 771
40, 232
82, 758
36, 163
42, 975

42, 272
47, 599
78, 855
48, 815
47, 134

42, 924
46, 105
77,491 i
46,071 '
48,004

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

35, 697
40, 970
62, 196
45, 763
51, 623

+1.5
-3.1
-1.7
-5.6
+1.8

+20.2
+12.5
+24.6
+.7
-7.0|

number
number. _
number
number--

10, 756
12, 465
111,313
94, 534

18, 763
19, 309
116, 234
88, 582

44, 442
38, 449
83, 908
121, 445

t!6, 487
t20, 028
1163,986 i
f 61, 048 ;

number
number-number _
number. _

9,175
8, 860
47, 601
41, 637

18, 069
15, 524
80, 340
65, 764

29, 822
31, 339
113,361
89, 047

110,006
t!7,218
f87, 199
165,653

23
40

25
23

25
20

19

44

42

34

55
7.0
95.0

54
13.0
94. 0

53
7.0
92.0

7,043

7, 556

6,818

5,626

7,837

8,129

-17.5

2, 851

2,076

1,978

1,650

2,286

2, 004

-16.6

-17.7 ,

5,918
7,617
data.

7,647
9,781

6,933
9,104

5,955
7,694

8,428
10, 670
t Reported by only 15 firms.

7,935
10, 218

-14.1
-15.5

-25.0
31, 837
26, 433 -17.0
-24.7
40, 836
34, 196 -16.3
Cumulative through Mar. 31.

Flooring
Maple flooring:
Production
M ft. b.
Shipments _.
M ft. b.
Stocks, end of month
__M ft. b.
New orders
_ _
M ft. b.
Unfilled orders, end of month. -M ft. b.
Oak flooring:
Production
M ft. b.
Shipments M ft. b
Stocks, end of month
M ft. b.
New Orders.
_.
M ft. b.
Unfilled orders, end of month._M ft. b.

g g

-

167, 002
'-

Doors at Wholesale*
White pine:
Receipts
_
Shipments
Stocks, end of month
Unsold stock, end of month
Fir:
Receipts
.
Shipments
Stocks, end of month
Unsold stock, end of month

—62 9
—47.9
+95 4
—49.7

i

—66 5
—45. 1
—23 1
-26.3

_ _

Wooden Furniture
Grand Rapids district:
23
Shipments
No. of days' production-New orders
No. of days' production-13
Unfilled orders, end of
29
month
_ _ . No. of days' production
Outstanding accounts, end of
month
No. of davs' sales
55
32.0
Cancellations
per cent of new orders _ .
Plant operation
per cent of full time-99.0
Piano benches and stools:
New orders (av. per
firm)
dollars. . 7, 784
Unfilled orders, end of month
(av. per
firm)
dollars. .
1,803
Shipments—
Value (av. per
firm)
dollars. _ 10, 338
Quantity (total
pieces. . 13, 072
* See table on p. 18 of the April, 1928, issue for earlier




27
22

20
14

-20.0
-5.0

0.0
+35.7 ;

30

42

33

-11.8

-9.1 ;

47
12.0
90.0

55
16.0
97. 5

0.0
— 53. 8
-5.3

47 -11.3
26.0 ; +71.4
95.0
-2.2

2

Revised.

-30.8

4

32, 973

36

TREND OF BUSINESS MOVEMENTS—Continued
i
1927
The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

1928

December

January

February

2,114
3,219

2,469
2,575

2,450
2,896

2,719

2,863

94
86

80
132

PER CENT INCREASE (+) OR
! DECREASE ( — )

1927

March

March

April

Apr.,
1927,
I from
Mar.,
1928

April

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Apr.,
1927,
from
Apr.,
1927 1

1927

12, 818
12, 082

1928

LUMBER PRODUCTS— Continued
Plywood and Veneer
Plywood:
New orders
thous. of sq. ft. of surface..
Shipments__ ___thous. of sq. ft. of surface-Unfilled orders, end of
month
thous. of sq. ft. of surface..
Rotary-cut veneer:
Purchase.
. _ . number of carloads _
Receipts
number of carloads

2

2, 709
3,125

2,450
2,680

3,526
3,373

2,362 1 -33.9
2,370 | -14.2

+3.7
+42.3

2,808

3,807

2,582

3,814

3,182

-32.2

-18.9

97
115

91
173

173

100
90

185

:

84 | +90.1 +106. 0
+6.9 +120. 2
84

10, 078
11, 276

-21.4
-6.7

370
305

341
-7.8
605 ; +98.4

3, 068, 852
2, 776, 041
1, 624, 849

1,599,043 -47.9
1,942,313 i -30.0
1,465,735
-9.8

2, 630
2, 164

2,270 : -13.7
2,303 r +6.4

Barrel Headings
Circled headings for wooden boards:
Production (rough)
Shipments (finished).. . _ _
New orders (finished)
Unfilled orders, end of month
Stocks on hand, end of month

sets
353, 674
585,774
445, 504
496, 759
303, 106
965, 163 854, 926
.sets . i 619, 607
541, 853 519, 250
474, 116
407, 094
779, 871 596, 346
442, 426
sets
456, 145
285, 493
698, 474
281,671
250, 939
282, 009
...sets.. '1, 079, 508 1, 037, 375 1, 428, 571 1, 244, 367
948, 505 1, 072, 794 1,166,942
sets.. ;3, 205, 147 3. 341, 371 3, 500, 000 3, 030, 973 2, 923, 701 3, 309, 362 3, 278, 677

-32.0
-4.2
-1.3
-23.8
-3.5

-64.5
-12.9

-is!?

-10.8

STONE, CLAY, AND GLASS PRODUCTS
Face brick, averages per plant:
Production
thousands _ !
Shipments.
thousands,. i1
Stocks, end of month
thousands..
Unfilled orders, end of month ..thousands.. i
Common brick:
Stocks, end of monthBurned
thousands.. 1
Unburned
thousands !
Shipments
thousands . 1
Unfilled orders, end of month, .thousands. _ 1
Plants closed down
number..
Price, red, New York . dolls, per thous
Porcelain plumbing fixtures:
Net new orders. __
pieces..
Shipments
pieces.. i
Unfilled orders, end of month
pieces..
Stocks, end of month
pieces.. j
Vitreous china plumbing fixtures:
New orders
pieces..
Shipments
_
pieces..
Unfilled orders, end of month
pieces.. !
Stocks end of month
pieces
Floor and wall tile:
Production
thous. of sq. ft
Shipments, value
thous. of dolls .
Shipments, quantity
thous. of sq. ft
Stocks end of month
thous. of sq. ft
Terra cotta, new orders:
Quantity
net tons
Value
thous. of dolls .
Sand lime brick:
Production
thousands..
Shipments by rail
thousands..
Shipments by truck
thousands
Stocks end of month
thousands
Unfilled orders end of month thousands

i
626
368
2, 832
730

482
402
2,958
761

526
447
3,037
844

640
686
2,960
899

504,836
76, 601
168, 282
224,825

487, 713
64, 492
121, 089
231, 203
73
13.50

405, 461
69, 460
233, 702
251, 105

11.25

517, 897
68, 611
131, 338
219, 233
91
12.75

13.25

13.50

6, 024
12, 242
21, 925
33, 353

13, 953
13, 239
22, 639
37, 374

12, 794
11,969
23, 464
40, 930

42, 130
12, 079
53, 515
42, 442

59, 647
17, 037
96,125 ]
48,831

227,925
190,096
332,584
557, 293

237, 727
240, 829
329, 482
544, 461

494, 042
246, 002
577, 522
538, 965

391, 091
335, 936
622, 217
462, 940

238,927
291,015 ',
570, 129
445,922 •

4,511
1,550
3,641
13, 175

4,663
1, 495
3,951
13, 902

4,649
1, 683
4,185
14, 169

5, 287
13, 907

9,898
836

10, 850
949

10, 284
1,040

16, 563
1,454

13,912
4,189
8,694
18, 538
14, 772

12, 789
4,945
7,024
15, 867
14, 830

10, 921
4,829
6,204
16, 920
12, 625

17, 063
4,273
9,391
16, 777
16, 942

11,999
60.7
6,200
21, 821
7,599
1.683

9,768
49.4
6,541
25, 116
9,672
1.683

8,797
47.5
6,563
27, 349
12, 237
1.683

6,542
4,657

5,902
4,103

17, 886
758
8,517

7,446

622 i
768
2, 757
958

852
687
2,939
1,007

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

-2.8
+12.0
-6.9
+6.6

729
774
2,614
1,074

371, 320
100, 953
197,411
348,211
2
16.50

-14.7
-.8
+5.5
-10.8

!

i
i

i

i
4

::::::
+1.9

1
-18.2

590, 436

* 486, 129

-17.7

!

-4-41.6
1 -4-41.0

i

213, 166
239, 245
351, 091
596, 685

267, 740
220, 786
347, 645
618, 492

5,467
1,963
5,188
11, 282

5,453
1,879
4,948
11, 658

12, 226
1,153

12, 392
1,356

14, 633
1,513

-26.2
-20.7

-16.4
-23.8

44, 869
4,894

49,923 ! +11.3
4,596 : -6.1

10,500
4,829 i
8,397
14,590 !
14, 123

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

16,217
6,229
10, 884
8,493
18, 413

-38.5
+13.0
-10.6
-13.0
-16.6

-35. 3
-22.5
-22.9
-71.8
-23.3

50, 849
22, 945
33, 491

51,273 ' +.8
18,236 - -20.5
31,016
-7.4

10, 223
51.7
10, 135
2 27, 445
2
14, 463
1.683

13, 468
70.0
13, 307
27, 605
14, 978
1.683

11, 450

14, 048

+31.7

-4.1

11, 100
23, 922
12, 997
1.683

14, 350
23, 654
13, 335
1.683

+3L3
+.6
+3.6
0.0

7,464
5,615

12, 406
8,746

17, 788
12, 722

9,300
5,135

15, 482
10, 264

+43.4
+45.4

10, 728
458
8,480

8,209
340
8,267

11,411
395
8,332

10, 119
435
9,632

6,170
265
9,821

8,205

10, 093

11,297

11, 641

10, 299

-11.9

2,207
76.9
2,680
1,958
6,327
10, 140

2,085
72.7
2,577
2,113
6,370
10, 633

2,570
82.9
3,424
2,646
6,283
11, 272

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

-5.8
+1.7
-42.6
-5.9
-.7
-5.0

-38.9
-13.4
-8.4
-3.7

-10.8
+31.8
+64.0
-27.9

776, 975
1, 007, 538

< 16, 110

1,361,787 +75.3
1,113,782 ' +10.5

< 14, 599

-9.4

Portland Cement
Production
thous. of bbls..
O Deration t
per ct of capacity
Shipments
-,
thous. of bbls..
Stocks end of month
thou^ of bbls
Stocks clinkers end of month* thcus of bbls
Wholesale prices, composite
dolls, per bbl_.

41, 133

42,256 !

+2.7

38, 149

36, 551

-4.2

33, 409
20, 391

43, 560
31, 186

+30.4
+53.0

24, 069
1,434
29, 070

30, 348
1,193
25, 079

+26.0
-16.8
-13.7

-3.4

39, 144

39, 548

+1.0

+9.8
+13.8
-1.9
+6.2.
-1.6
+.4

7,563

9,283

+22.7

9,957
8,384

10, 646
9,208

+6.9
+9.8

+ie!7

+12.3
0.0

Highways
Concrete pavements, new contracts:
Total.
thous. of sq. yds..
Roads
thous. of sq. yds..
Federal-aid highways:
Completed—
Cost
thous of dolls
Distance
miles
Under construction, end of month. .miles..

+14.9

+23.9

Plate Glass
Production, polished

thous. of sq. ft..

9,953 |

Glass Containers
Actual production:
2,224
Quantity
gross..
74.6
Ratio to capacity
_
per cent..
2,474
New orders.
_
gross..
1,724
Shipments..
gross..
6,551
Stocks end of month
gross
9,616
Unfilled orders, end of month"
gross..
* See table on p. 18 of the April, 1928, issue




for earlier data.

2,234
2,421
84.3
72.3
2,390
1,965
2,368
2,491
6,488
6,239
11, 137 1
10,705 J
2
Revised.

4

Cumulative through Mar. 31.

37

TREND OF BUSINESS MOVEMENTS—Continued
1928

1927

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

December

January

2,353
33.2
32.9
36.7

2, 685
34.8
39.7
36.5

2,936
40.6
38.1
36.9

3,137
39.4
39.6
39.5

3,243
41.8
42.4
40.1

3,023
39.0
39.0
41.0

3,030
39.8
39.6
38.8

1.0
4.0

1.2
4.2

1.4
4.3

1.3
4.2

1.1
3.7

1.0
3.5

1.0
3.7

842
.78

420
.75

1,024
.75

February

March

April

March

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

April

Apr.,
1927,
from
Mar.,
1928

Apr.,
1927,
from
Apr.,
1927

+3.4
+6.1
+7.1
+ 1.5

+7.0
+5.0
+7.1
+3.4

Per ct.
increase
or decrease
cumulative
1928
from
1927

1927

1928

11,621

12, 001

+3.3

2,830

2,710

-4.2

STONE, CLAY, AND GLASS PRODUCTS— Continued
Illuminating Glassware
Production:
Total
.number of turns..
Ratio to capacity
per ct. of capacity. _
New orders
per ct of capacity
Shipments
per ct of capacity
Unfilled orders, end
of month
number of weeks' supplv
Stocks end mo
number of weeks' supplv

CHEMICALS AND OILS
Chemicals
Sulphuric acid:
Exports
thous of Ibs
541
580
728
560
Price, wholesale
dolls per 100 Ibs
.78
.78
.78
.78
Nitrate of soda:
Imports
long tons
144, 716
177, 187
66, 546
69, 867
Production in Chile —
Quantity
metric tons
236, 600
253, 800
233, 849
242, 800
Units reporting
number of plants..
62
63
63
62
Potash, imports
long tons.. 16, 227
33, 774
22, 230
31, 646
Superphosphate (acid phosphate) :
Production
short tons
357, 956
350, 587
358, 008 2 345, 040
Stocks end of month
short tons 1, 995, 954 2, 196, 7362 2, 087, 723 1, 348, 654
435, 921
Shipments
.
short tons
101, 540 2 201, 571
79, 885
Fertilizer:
Exports
long tons
74, 955
114,632
80, 319
87, 632
Consumption, Southern States -Short tons.. 157, 858 603, 343 1, 113, 569 2, 185, 435
Dyes and dyestufT, exports:
Vegetable..
thous. of Ibs
276
490
422
239
Coal tar
thous. of Ibs
2,848
2,222
1,735
1,715
Arsenic
Crude:
Production
short tons
Stocks end of month
^hort tons
Refined:
Production .
short tons
Stocks, end of month
short tons
Price index numbers:
Crude drugs
rel. to Aug , 1914
Essential oils
rel to Aug 1914
Drugs and Pharmaceuticals
rel to Aug 1914
Chemicals
rel to 1913 14
Oils and fats
rel. to 1913-14..
Wood Chemicals
Acetate of lime:
Production —•
United States
.thous. of Ibs..
Canada
thous. of Ibs..
Shipments —
United States
thous. of Ibs
Canada
thous. of Ibs. .
Stocks, end of monthUnited States
thous of Ibs
Canada
thous of Ibs

i
28, 137

2

97, 480

90, 479
28
19, 308

99, 050
30
15,911

+15.7
0.0

127, 111
109, 580
862, 878 1,498,537
296
1,788

128, 689
870, 224

388
3, 595

300
1, 227

-17.8
+4.0

!

272, 449

523, 589 +203. 6

4 243, 883

-25.6 +35.2 ;

4 733, 200 +200. 6

115, 787

+38.2

4 775, 392 4 1, 061, 004

+36.8

* 739, 032

+24.7

404, 330
-1.2
417, 137
-.8 ; 3, 732, 142 4, 765, 225

-3.1
+27.7

+26.6 +76.8

2 223, 253
213, 714
21,559,847 1, 012, 805
2 292, 670
225,637

!

+10.9
-60.5

83, 802

:

* 592, 791

1,168
9,638

-39.6 -1.3 !
+3.1 +45.7

1, 301
8,086

+11.4
-16.4

1,125
1,375

1,158
1,407

1,600
2,005

1,076
1,834

1, 380
2, 378

1, 075
2, 208

* 3, 941

* 3, 834

-2.7

782
2,101

827
2, 496

668
2,403

688
2,479

1,030
2,230

925
2, 059

4

2, 753

4 2, 183

-20.7

201
128

208
130

209
131

212
132

210
139

206
126

207
123

:
-.9
+5.3 +13.0 :

169
112
128

169
112
130

169
112
122

169
113
122

169
113
125

155
113
134

156
113 1
132

0.0
0.0
+2 5

12, 718
1,186

12, 519
1,109

11,718
1,091

2 13, 022
1,152

11, 743
944

14, 223
1,007

-9.8
13, 138
932 I -18.1

-10.6
+1.3

54, 210
4,186

49, 002
4,297

-9.6
+2.7

12, 527
395

11, 094
831

9,539
507

2 12, 303
488

12, 062
1,636 ;

14, 002
785

-2.0 -11.0
13, 560
428 +235. 2 +282.3

47, 812
1,893

44, 999
3,461

-5.9
+82.8

22, 620
3,057
1,579
3.50

22, 207
3,454
974
3.50

4,683

6,344

| +35. 5

726, 694
42, 823

666, 638
39, 016

-7.2
-24.5

387, 684
40, 335

325, 888
41, 468

-2.2
-41.2

645, 852
22, 574
20, 584

819, 216
12, 949
41, 254

+3.9 +36.8
+ 18.3 +332. 0
+43.7 +43.6

89, 076

176, 731

+98.4

75, 755
5, 300

69, 895
4,790

-8.1
-2.6

294, 855
21, 492

269, 190
21,955

-8.7
2.2

481, 807
33, 526

524, 259
31,113

3,526
295

3,535
319

569, 059
39, 925

420, 741
39, 910

+6.0
-5.0

+11.3
+15.3

1, 775, 727
152, 195

1, 796, 641
177, 950

+1.2
+69.2

597, 379
67, 938

606, 975
73, 706

+4 3
-2.3

29 1
-35.8

411, 114
36, 109
.83

416, 996 -12.1
35, 340 +246. 4
.83
0.0

-1.3
+12.8
-44.6

1, 540, 068
128, 002

1, 771, 922
105, 122

+15.1
-17.9

20, 566
19, 562 2 20, 186
15,931
17, 203
3,084
3,459
4,062
2,462
2,840
917
Exports
thous. of Ibs
1, 760
2,037
2,078
1,630
3.50
Price, wholesale
dolls, per cwt
3.50
3.50
3.50
3.50
Methanol, crude:
Production —
610, 253
592, 855 2 657, 460
United States
...gallons.. 635, 166
649, 551
35, 768
Canada
gallons..
47, 234
45, 659
47, 377
49, 107
Stocks at crude plants, end of month —
326, 183
344, 798
United States
gallons
354, 266
363, 325 2 333, 496
32, 773
46, 158
55, 776
Canada..gallons..
39, 249
50, 299
Stocks at refineries and in transitUnited States
gallons 1, 165, 544 1, 126, 152 1, 132, 377 1, 079, 047 1, 120, 970
55, 934
47, 268
56, 104
55, 298
Canada
gallons
43, 458
41, 232
59, 244
33, 384
42, 871
Exports
gallons..
39, 369
Wood at chemical plants:
Consumption —
64. 248
64, 080 2 72, 303
67, 101
68, 559
United States
_. cords.
4,664
5,858
5,640
5,793
5,700
Canada.
_.cords_.
Stocks, end of month —
525, 750
543, 555 2 534, 161
560, 568
United States
cords. . 565, 456
74, 734
74, 749
75, 117
74, 440
75, 124
Canada
cords
Daily capacity—
3,275
3,323
3,323
3,293
3,329
Total
cords
261
251
249
261
226
Shutdown
cords
Methanol, refined:
Production442, 023
468, 446
496, 073
390, 099
United States
.gallons-- 470, 969
48, 400
44, 850
46, 000
38, 700
41, 000
Canada.gallons-Stocks, end of month412, 597
430,' 298
467, 723
455, 316
United States
gallons-- 419,812
47,311
33, 044
48, 413
34, 752
29, 198
Canada
gallons. _
Shipments469, 308
412, 597
482, 666
407, 351
United States
..-gallons-- 506, 310
35, 986
11, 505
39, 856
17, 775
Canada
gallons . . 16, 937
.46
.46
.46
.48
.48
Price, wholesale. N. Y
_. dolls. Der eal..




94, 151

131,819

-15.4 + 10.0
-11.9
0.0

Revised.

1

+1.4

+8.3 |
0.0
—5 3

+ 1.9 -7.4 !
-24.1 -10.7
-55.0 -5.8
o.o ;
0.0

-11.1
-19.5

-8.5 i 2, 879, 388 2, 510, 119
176, 038
177, 865
-8.3 \

-12.8
-1.0

+.1
-21.0

-1.6
+.3 1
-.5 +140. 3
-1.5 -7.4
-3.8 -21.3

Cumulative through Mar. 31.

38

TREND OF BUSINESS MOVEMENTS—Continued
|

1928

1927

The cumulatives shown are through
April, except where otherwise noted,
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

i

\
i
1

\
\ D

!

Fe

-r J-^y

u

ary ~

March i

April

March

April

Apr.,
1927,
j from
' Mar.,
i 1928

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH APRIL 30

Apr., !s
1927,
from i
Apr.,
1927

1 Per ct.
increase
or decrease

cumulative

1927

-

1928
from
1M27

CHEMICALS ANI> OILS— Continued
Ethyl Alcohol
Production _
.. thous. of gals. J
Withdrawn for denaturization. .thous. of gals..
Warehouse stocks, end of month, thous. of gals__

19,502
18,760
8,158

13,050 i
10,098 |
9, 463

11,220
9,061
10, 120

11, 050
8, 68G
30,945

29,490
27, 839
27, 398
19, 196

29,607
31,332 !
29,879
17,973 |

31, 895
31,035
29, 203
18, 447

30, 001
30,801
29,660
18,645 ;

;

4,568
61, 906

5,624 !
40,338 !

11,491
12, 224
8, 3] 3

12, 674
11,618
8,459

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

i 4 101.420

'

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

20, 765 :
45, 458

10, 132
24, 668

30, 989 +269. 2
31, 802 +12.7

4

* 35, 060

35, 280

30, 265

— 8.0

Explosives
(Black powder, permissible, and other high
explosives)
j
Production
Shipments
New orders
Stocks, end of month

_.

,

thous.
thous.
thous.
thous.

of Ibs. ;
of Ibs..
of Ibs..
of Ibs. _

Naval Stores

* 99, 194
4 Qfi 935

* 93. IKS

— 9.8
-6.1
-7. S

53, 645

oS, 7-1

-23. 8

199, 700

loo. 015

137, 122

131,971

i

Turpentine (gum):
Net receipts, southern ports
barrels. .
Stocks at ports, end of month
.barrels. .
Price, southern, in barrels,
New York
dolls per gal
Rosin (gum):
Net receipts, southern ports
barrels. _
Stocks at 3 ports, end of month
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
._
gallons . _
Stocks, end of month
...gallons..

28, 154
81, 939

7,764
72, 035

.54

.60

.60

.60

.58 !

.74

115, 397
248, 755

41, 160
200, 262

30, 549
159, 053

25, 544
123, 074

67, 762 i
140, 805 |

36, 322
81, 013

.67

-3.3

97, 028 +165. 3
107,562 +14.4

-33.0
+42.9
-13.4
-30.2 1
+30.9

-17.4

8.70

8.94

8.89

8.54

11.23

9.70

-3.9

-12.0

29, 200
85, 413

32, 792
90, 429

35, 148
98,101

34, 831 i
108, 394

35, 313
53, 866

34,598
58, 652

-.9
+10.5

+.7
+84.8

5,291
12, 869

5,771
10, 631

5,645
10, 477

6,647
10, 862

6,052 !
10, 963 i

7, 253
6, 953

7,035
7,473

-9.0
+.9

-14.0
+46.7 ;

27, 928

24. I}".

192, 141
588, 571

198, 646
605, 771

237, 953
641, 354

259, 079
693, 522

240, 845 \ 245, 232
727, 416 ; 345, 842

239, 027
355, 790

-7.0
+.7
+4.9 +104.5 1

933, 019

936, 523

+.4

25, 853
3,118

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

9.54

28, 483
85, 553

21, 743
3,088

19, 098
3, 558

25, 492
2,775

91, 782

93, 867

+2.3

—

* 5, 987

4

+3. 4

-23.7
-9.9
-40.7

28, 402
210, 607
66, 055

3,386

27, 534 i
2,844 i

1,587

1,320

3,284

9, 405
59, 870
26, 872

8,939
49, 811
5,178

9, 406
56, 179
15, 200

4,618
65, 152
11,334

32, 751

22, 271

20, 889

13, 191

14, 009

13, 381

26, 205
27, 729
6,814

27, 624
26, 327
6,672

27, 288
27, 427
6,524

25, 209
3, 417

27, 638
3,089

+8.0
+2.5

-.4 |
-7.9

-3.8
-13.7

!

2, 891

3, 183

1

6, 950
48, 137
14, 747 ;

6,050
72, 305
19, 107

-50.9
+16.0
-25.4

23, 112

16, 130

35, 149

+10.6

-34.2

99, 020

99, 023

0.0

12,284 ;

11,169

10, 279

-8.2

+19.5

40, 965

52, 865

+29.0

24, 291
22, 800

25, 484
27, 234 !
6,546 i

23, 569
23, 267
0, 175

-11.0
-16.9

+3.1
-2.0

6, 191

Fats and Oils
Total vegetable oils and copra:
Exports
_
...thous. of Ibs _
8,481
Imports
thous of Ibs
60, 010
Copra, imports
short tons
29, 582
Copra or coconut oil:
Imports
thous. of Ibs
29, 339
Consumption in
oleomargarine
thous of Ibs
13, 549
Oleomargarine:
Production .
_
thous. of Ibs
27, 461
Consumption
thous. of lbs._
26, 717
Animal glues, shipments
. thous. of Ibs
6,100
Animal glues (quarterly) :
Production
_
..thous. of Ibs.. 3 28, 848
Stocks, end of quarter
thous. of Ibs. . 3 33, 616
Edible gelatin (quarterly):
Production
thous. of lbs__ 3 4. 652
Stocks, end of quarter. _.
thous. of lbs._ 3 7. 845
Cottonseed
Cottonseed:
Receipts at mills
short tons
Consumption (crush)
short tons. _
Stocks at mills, end of month, .short tons..
Cottonseed oil, crude:
Production
thous. of Ibs
Stocks, end of month
_. thous. of lbs_.
Cottonseed oil, refined:
Production
._
thous. of Ibs
Stocks, end of month
thous. of Ibs. _
Factory consumption (qtly.) .thous. of Ibs..
Price, yellow, prime,
New York
dolls, perlb...
Consumption in
oleomargarine __
thous. of Ibs
Cottonseed cake and incal:
Production
short tons. _
Stocks, end of month
...short tons .
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..
* Revised.




:;

3 30, 777
3 36, 275

'• • 328,040
l | 336,429

+6.7
+7.9

ji 35,344

+20.0
4-15.0

339, 212
570, 408
763, 353

177, 229
450, 627
489, 955

95, 296
323, 307
261, 944

192, 057
157, 578

181, 022
168, 519

144, 658
159, 302

108, 387
124, 730

56, 945 i
83, 371

176,051
502, 901
3251,805

143. 378
538, 257

138.231
124, 848
506, 832 i 541, 640
i s 303, 478

84, 159 !
516, 232

.100

.101

39,265

2,154

2,114

2,162

259, 275
177, 118
53, 249

105, 407 i +12.0'
104, 283 1 4-12.5
« 20. 010
0. 0

1, 509'. 214 I -39.7

358, 989 !
615, 072 !
561, 686 1

103, 239
352, 994
311,931

-83. 3
-49. 0
-56.9

-84.6
-53.3
-63.8

1,517,424
2, 504, 573

186, 914 i
139,879 i

106,887 ! -47.5
123,141 i -33.2

-46.7
-32.3

755, 238

170, 868 '
505, 199 !
' 342, 229 !

111,408 ! -32.6
531,376 ! -4.7
J +20.5

15, 947 i
164, 872 i
113,019 |

268, 757
190. 354
43, 327

94, 146
92, 716
20, 001

+4.5
-2.6

ii

483, 281
605, 206
992, 049

.093

4

+9.8
— 4

3 5, 583
3 9, 020

I

;
j

32, 368 +14.0
231,012 i +9.7
58, 584 ' -11.3

;

.096

.099

2,214

202, 264 I
170,827 !
27, 671 i

150, 984
110,819
12,514

660
457
2, 668 !
1,264 I

2

.095

-24.5
689,
-2.8
-11.3 ---.091 | +3.1
+8.8

2.013

2, 487

82, 273
84, 870
8, 230 , .

278,417 j
178,737 !
23,860

164, 748
-45. 5
180, 741
-23. 4
8,636 i -34.2

574
398 i
2,023 i
2,097

374
-20.3
330
-4.6
1,860 i -22.0
2, 360 1 +2. 8

595
612
2, 087
1,671

2,173

-9.1

-7.4
-50. 1
-53.0
—4. 7

-58.6

491,012
490.610

422

-35. 0
—28. 8

|

8,679 \

8, 503

-2.0

1, 130, 665 \

694, 796

-38.5

175, 370

101,604

-42.0

i

[

1,079
2,035
3,997
1.029
8

925
576
3, 212
1,181

Quarter ending in month indicated.

474
584
1,627
1.718

;

j
i
!:
!!

4

+26.7
2,250
+77.0
1, 686
-12.5
-27.2
8, 021 !
Cumulative through Mar. 31.

2,654
+ 18.0
2. 229 ; +32.2

o. S34

— 27 °:

39

TREND OF BUSINESS MOVEMENTS—Continued

1927

The cumulatives shown are through
April, except where otherwise notedEarlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, 'Survey"

1928
!

December

January

February

March

March

April

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

Apr.,
1927,
from
Mar.,
1928

April

Apr.,
1927,
from

1927

Apr.,
1927

1928

Per ct.
increase
( }

or t
decrease
(-)
cumulative
1928
from
1927

CHEMICALS AND OILS— Continued
Flaxseed— Continued
Oil "mills (quarterly):
Consumption
thous. of bushs
Stocks, end of quarter . thous. of bushs-.
Linseed oil:
Shipments from Minneapolis.thous. of lbs__
Production (quarterly)
thous of Ibs
Factory consumption (qtly ) thous of Ibs
Stocks, end of quarter
thous. of Ibs
Price, New York
dolls, per lb_.
Linseed cake and meal:
Shipments from Minneapolis. thous. of Ibs..
Exports
thous. of lbs__

311,037
s 3, 087

s 11,871
3 4, 261

s 12, 701
3 9, 179

-6.5
-53.6

< 28, 587

* 41, 662

+45. 7

4 51, 902
245, 187

4

-40.5

85, 143
190, 167

+64. 0
-22. 4

-9.0 +54. 8
-10.0 +55.9
-31.7 +24.5
-4.1 -19.1

76, 572
53, 970

90, 242
56, 207

+17. 9
+4.1

-.6
+5.1

-76.0
-51.9

29, 414
46, 385

13, 695
33,046

-53.4
-28.8

20, 182
22, 050

-55.2
53.3

-58.6
49.6

60, 570
73, 918

60, 589
75, 372

+.1
-53.3

8,878
3 238, 046
3113,302
3 193, 544
.096

13, 023

.098

10, 626
3 202, 162
3
109, 674
3 206, 319
.105

22, 581
53, 999

27, 056
44, 367

28, 540
53, 532

29, 547
53, 686

38, 582

12, 732
64, 866

82, 368
152, 560
23,542
14, 284

74, 260
152, 760
22, 488
12, 771

69, 939
143, 919
26, 263
14, 883

63,625
129, 552
17, 949
14, 269

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

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

5,956
11, 560

2,276
6,536

2,740
7,290

2,723
7,660

5,084
9, 009

211,363
2 15, 935

15, 201
18, 647

18, 372
21, 828

18, 655
23, 794

8,361
11, 103

16, 395
21, 026

.098

12, 917

15, 722
3 223 751
3 112, 199
3
237, 517
.099
.098

+7 6

+38.0

10, 826

-6.0 +10.7
8 +2.3
+22.7 +15.1
-7.5
—1.0

.106

11, 178
64,896 ! -28.1

FOODSTTJFFS
. Wheat
Visible supply, end of month:
90, 506
United States
thous of bushs
Canada
thous of bushs
147, 506
26, 522
Receipts, principal markets.. -thous. of bushs..
Shipments, principal markets.thous. of bushs..
19, 440
Exports:
United States6,917
Wheat only
thous. of bushs. _
Including wheat flour.thous. of bushs.. 211,972
Canada—
Wheat only
thous. of bushs..
44, 809
49, 114
Including wheat flour.thous. of bushs..
Prices:
No. 2, red winter, Chicago-dolls, per bush..
1.38
No. 1, northern spring,
cash Minneapolis
dolls per bush
1,275

8

1.43

1.54

1..62

1.81

1.34

1.34

+11.7

+35.8

1,293

1,263

1,315

1,417

1,359

1,341

+7.8

+5.7

42, 604
8,115

42, 415
7,246

41, 140
6,737

40, 835
6,643

2 38, 028
5,281

-13.2

+2.1

154, 786
* 19, 077

167, 059
4 21, 464

+7.9
+12. 5

9,235
10, 877
1,767
745, 242
53
10, 451

9,132
10, 502
1,579
744, 227
55
8,207

8,872
10, 107
1,464
727, 287
56
9,340

8,936
10, 396
1,455
700, 540
50
2 10, 076

8,309
9, 667
1,154
659, 198
49
8,551

-13.4

+.7

-13.1
-5.6

+4.1
+4.1

33, 892
4 29, 068
* 4, 182
2, 660, 055

36, 030
4 31, 347
4 4, 660
2, 948, 015

+7.8
+11.4
+10. 8

4 26, 515

4 28, 046

+5.8

6,100

7,150

6,970

6,200

6,500

6,600

1,126
957

1,245
766

947
768

1,011
1,142

1,097
609

867
1,029

1,016
415

+8.5
-46. 7

+46.7

3,766
2, 956

4,300
3,285

+14.2
+11.1

12,810

+64. &

Wheat Flour
Grinding of wheat:
United States
thous. of bushs..
Canada
thous of bushs
Production:
United States, actual
thous. of bbls..
United States prorated
thous. of bbls
Canada
thous of bbls
Production, grain offal
thous. of lbs._
Capacity operated flour mills
per cent
Consumption (computed)
thous of bbls
Stocks, all positions, end of
month (computed)
thous. of bbls..
Exports:
United States
thous. of bbls..
Canada
thous. of bbls..
Wholesale prices:
Standard patents IVtinn
dolls per bbl
Winter, straights, Kansas
Citv
dolls per bbl

2

2

44, 748
7,481

2 9, 659
10, 738
1,617
790, 088
54
10, 499

i
38, 835 I

8,367
686, 413
51

+8.0

+11.9

7.10

7.45

7.37

7.54

8.11

7.33

7.25

+7.6

6. 56

6.70

6.66

6.88

7.56

6.58

6.58

+10.0

1,206
28, 390
37, 088
16, 064
6,301

1,661
30, 078
36, 001
19, 551
8,330

4,097
43, 582
44, 126
22, 705
8,339

3,697
46, 734
41, 039
24, 402
9,243

3,355
36, 056
19, 579
18, 849
8, 285

2,180
50, 079
19, 310
10, 111
7,336

1,548
39, 130
10, 45J
12, 326
6,846

.87

.89

.95

.99

1.03

.73

.74

+4.0

+39.2

10, 733
22, 982
2389

10, 495
21.519
2623

11, 667
20, 634
2336

13, 975
16, 265
2453

10, 272
38, 155
2 228

9,127
3,298
2853

-68.7
-29.6
-14.6

+36.3

.55
1,202

.56
1,040

.58
822

.61
944

.49
734

.48
632

+6.6

+35.4

14, 734

12, 461

9, 360

10, 982

8, 603

6,661

6, 401
2,359
1, 901

4,457
2,206
2 1, 004

5,052
2,738
2915

2,717
2,339
876

2, 254
3, 002
2 2, 295

.88

.93

.96

.99

to,

.78

2, 386
3, 275
.1, 309
1.09

1,477
3, 656
519
1 .09

1,333
4, 078
458
1. 12

1,982
4, 959
313
1.20

+14.9

Corn
Exports, including meal _. _ thous. of bushs...
Receipts, principal markets. ..thous. of bushs..
Shiprnents, prin. markets
thous. of bushs..
Grindings (starch, glucose)
thous. of bushs. .
Prices, contract grades, No. 2,
Chicago
dolls per bush

7,768

-9.3 +116.7
—7.9
-22.8
-52.3 +87.3
-22.8 +52.9
-7.6 +21.0

82, 066
41, 575
27, 310

140, 745 +71.5
85, 507 +105. 7
34, 197 +25. 2

Oats
Receipts, principal markets .. .thous. of bushs. .
Visible supply, end of 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

12, 436
11,453
387 |
.65
!

43, 829

48, 573

+10. 6

1,668

-62.2
-54.6

1,799

+7.9

4 2, 218

4 2, 806

+26.5

!

4 25, 204

4 32, 803

+30.1

-46.2 +22.9
-14.6 +44.5
-4.3 -35.8 !

9,474

18,627

+96. 6

6, 235

4, 696

-24.7

!

Barley
Receipts, principal markets ...thous. of bushs, Visible supply, end of mo
thous. of bushs ._
Exports
thous. of bushs..
Price, fair to good, malting,
Chicago
dolls per bush

2

4,199
2,707
3, 649

2

2

2,210
1,619
1, 364
.83

+2.0

+21.7

Rye
Receipts, principal markets. ..thous. of bushs, .
Visible, supply end of mo
thous. of bushs..
Exports, including
flour
thous. of bushs..
Pripp "NTo 2. Chir.affo
dolls, ner bnsh
* Revised.




3

Quarter ending month indicated.

1, 186 !
5,051
366
1.27

1, 485 I
14, 048
786
1.00

1, 449 -40.2
6, 249
+1.9
4,500 +16.9
1.03 1 +5.8
1

-18.2 i
-19.2
-92.0
+23. 3

6, 371

6,681 |

Cumulative through Mar. 31.

5, 978

1,656

-6.2*

-75. 2

40

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 24 to 138 of the
February, 1928, "Survey"

PEE CENT INCREASE (+) OR
DECREASE ( — )

1937

1938

1937

December

January

February

March

April

Total grain exports, incl. flour.thous. of bushs.. 2 18, 526

2 12, 264

2 12, 431

2 12, 659

12, 644

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Apr.,
1927,
from
Mar.,
1928

Apr.,
1927,
from
Apr.,
1927

1937

1938

24, 200

-0.1

-47.8

68, 738

49, 998

-27.3

371, 901

-34.2

+66.7

2, 459, 362

3, 220, 524

+31.0

734, 405
569, 194
, 199, 258
130, 146
1,867,788 1, 696, 891
! 442,528
455, 159
1 60, 538
99, 637

-7.7
+20.4
-8.4
+36.1
-15.8

+46.7
+57.6
+15.4
-13.7
-66.8

3, 301, 649
755, 799

3, 820, 899
758, 845

+15.7
+.4

1, 673, 527
287, 555

1, 473, 198
183, 928

-12.0
-36.0

; -43.9
! -34.9
! -28.5
+71.7
-12.8
I -19.0

-13.9
-36.0
-13.6
+.8
-31.1
-11.5

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

16, 109
82, 356
10, 320
36, 879
2B9, 877

-34. 6
+9.5
+8.4
-23,9
-8.7

6, 436
2,374
855
3,994

-5.4
-1.2
+8.9
-8.1

1, 498, 104
1,532,566
4, 104

-12.1
-11.9
-47.3

March

April

FOODSTUFFS— Continued
Total Grains
2

1 2 14, 499

Rice
Southern paddy, receipts at mills
bbls.. 831, 033 853, 581 804, 645 942, 266 620, 032
Shipments:
Total from mills
pockets (100 lbs.)._ 1, 006, 759 1, 118, 120 961, 109 905, 678 835, 992
New Orleans.
pockets (100 Ibs.) .. 234, 740 158, 323 224, 932 170, 442 205, 148
Stocks, end of month
pockets (100 lbs.)__ 2, 290, 857 2, 106, 310 2, 038, 415 2, 137, 656 1, 957, 878
Exports
_ pockets (100 lbs.)_- 267, 294 469, 435 322, 071 288, 771 392, 919
52, 744
58, 820
Imports
pockets( 100 lbs.)_. 54, 723
39, 279
33, 085
Other Crops
Apples:
Cold-storage holdings,
end of month.
.thous. of bbls..
C ar-lot shipments
carloads . _
Potatoes, car-lot shipments
carloads..
Onions, car-lot shipments
carloads
Citrus fruit, car-lot shipments
carloads. _
Hay, all tame, receipts
. ...tons..

6, 845
5,881
13, 206
2,234
12, 123
51, 806

621,153

5,307
5,305
19, 665
3,114
9,057
63, 009

3,699
4,913
22, 258
2,470
8,735
62, 673

2 2, 454
3, 569
23, 582
1,743
10, 194
57, 567

1,376
2,322
16,851
2 993
8^ 893
46, 628

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

1,771
660
234
1,080

1,516
552
194
961

1,465
522
173
940

1,684
640
254
1,013

1,743
607
201
1,134

387, 750
393, 945
974

370, 385
379, 461
935

378, 251
384,815
1,143

361, 718
375, 482
1,052

436, 571
446, 970
2,025

71,651

63, 749

2 57, 256

46, 134

15.80
.220

14.78
.200

13.72
.205

.230

.230

5, 306
1,849
77
3, 443

5,267
1,810

1, 598
3,630
19, 497
2,968
12, 911
52, 716

Cattle and Beef
Cattle movements, primary markets:
1,691
Receipts
thousands
729
Shipments total
thousands
319
Shipments, stocker and feeder. .thousands..
980
Local slaughter
thousands ..
Beef products:
Production, inspected
thous. of lbs._ 403, 660
Apparent consumption
..thous. of lbs._ 394, 808
1,097
Exports
thous. of lbs._
Cold-storage holdings,
end of month
thous. of lbs_. 76, 947
Prices:
Cattle, corn-fed, Chicago.. dolls, per 100 Ibs.. 15.50
.196
Steer rounds No. 2
dolls, per lb_.
Western dressed native steers,
.238
New York
dolls, per lb._

1,674 +14.9
602 • +22.6
204 +46.8
1,066
+7.8

+0.6
+6.3 !
+24.5
-5.0

421, 666
436, 178
2
2, 043

-4.4
-2.4
-8.0

-14.2
-13.9
-48.5

77, 159

62, 928

-19.4

-26.7

13.34
.200

11.92
.158

12.28
.178

-2.8
-2.4

+11.7
+13.6

.221

222

.175

.187

+.5

+18.7

4,639
1,760
78
2, 892

2

3,483
1,385
65
2,077

3,754
1, 368
102
2,386

890, 408
618, 459
116,937

6, 804
2,403 j
785 ;
4,348 |

2

1, 703, 637
1,739,614
7, 791

;

Hogs and Pork
Hog movements, primary markets:
Receipts
_
thousands..
Shipments, total
thousands..
Shipments, stocker and feeder. .thousands..
Local slaughter
_
thousands. .
Pork products, total:
Production, inspected
thous. of lbs._
Apparent consumption
thous. of Ibs. _
Exports
thous. of lbs__
Cold-storage holdings , end of month:
Total
thous. of lbs__
Fresh and cured
thous. oflbs..
Lard (included in prok products) :
Production
_
thous. of lbs._
Exports
thous of Ibs
Cold-storage holdings,
end of month
thous. of Ibs. .
Prices:
Hogs, heavy, Chicago dolls, per 100 lbs_.
Hams, smoked, Chicago.
dolls, per lb_.
Lard, prime contract, N. Y. .dolls, per lb_.

4,209
1,485
95
2,745

,^
3, 4cu

3, 142 -24.9
1,101 ! +21.2
84
-16.7
2,050
-28.2

+10.9
+25.8 ;
-22.6 :
+1.3

793, 789
594, 140
87, 955

935, 467 1, 017, 548
641, 246
675, 668
109, 280
98, 794

585,081
529, 610
86,159

695, 176
539, 757
76, 508

603,019
473,266
91, 842

-14.3
-14.4
-26.3

578, 280
523, 425

739, 645 1, 006, 998 21,162,243 1, 132, 386
885, 916 2 997, 737
655, 638
959, 323

830, 515
738, 446

869, 823
770, 212

— 2. 6
-3.9

155, 157
62, 855

190, 557
70, 660

217, 354
79, 872

09 2

-16.0

54, 855

84, 007

121, 082

8.32
.212
.124

8.03
.210
.116

7.83
.207
.118

1,609
723
174
896

1,705
705
116
994

1, 669
729
101
945

1,520
2705
95
2
814

44, 660
44, 246

47, 081
47, 055

44, 057
44, 428

42, 129
2 43, 052

4,408

4,404

4,020

5.63
13.01

6.05
12.65

8.16
15.13

61, 420

64, 219

71, 707

18,695
6,804
295
11,869

i
i
ii
II

+29.3
+28.1
-22.2
+29.9

+73.7

8.58
.214
.120

14,456
5,311
379 i
9,136

2

-3.0 2,690,408 3,428,504 ' +27 A
+11.7 2,023,480 2,464,983 ; i +21.8
-6.2 j
327,634 | 411,170 j +25.5
+30.2
+24.6 :
4

4

155, 052
79, 929
2

56, 554

140, 267
53, 040

126, 609
67, 345

164, 506

173, 063

92, 069

99, 611

+5.2

11.01
.270
.130

10.51
.268
.128

+16.1
-2.9
+2.5

-13.5 i
-25.0
-5.5

1,591
778
134
814

1,558
719
140
843

1,486
690
118
800

+4.7
+10.4
+41.1
0.0

+7.1
+12.8
+13.6
+1.8

6,285
2,897
601
3,393

6,485
2,917
446
3,567

+3.2
+0.7
-25.8
+5.1

36, 248
37, 893

41, 544
42, 737

37, 545
38, 641

-14.0
-12.0

-3.5
-1.9

163, 760
166, 613

169, 516
172,428

+3.5
+3.5

3, 252

1,974

2,940

1,862

-39.3

+6.0

8.41
15.38

8.90
15.98

8.00
15.08

7.78
15.81

+1.0
+3.9

+14.4
+1.1

2 74, 949

70,526

60, 951

58, 521

-5.9

+20.5

4, 557, 816

5, 096, 122

+11. £

3, 929, 699

4, 171, 114

+6.1

9.09
.201 j
.121

414, 574
230, 111

562, 963 ! +35.8
287, 015 +24. 7

Sheep and Lamb
Sheep movement, primary market:
Receipts
thousands
Shipments, total
thousands
Shipments, stocker and feeder.. thousands. .
Local slaughter
thousands __
Lamb and mutton:
Production, inspected
thous. of Ibs. _
Apparent consumption
thous. of Ibs..
Cold-storage holdings,
end of month
thous. of Ibs..
Prices:
Sheep, ewes, Chicago
dolls, per 100 lbs_.
Sheep, lambs, Chicago.. .dolls, per 100 lbs_.

2

2

Miscellaneous Meats
Cold-storage holdings, end mo... thous. of Ibs. _
Total Meats
Production, inspected
..thous. of lbs._ 1, 242, 109 1, 370, 298 1, 431, 989 1, 310, 789 983,046 1, 173, 290 1, 062, 230 -25.0
-7.5
Cold-storage holdings, end mo .. .thous. of lbs_. 721, 055 879, 919 1, 146, 474 21,297,700 1, 251, 020
971, 565 2 993, 134
-3.6 +26.0
Apparent consumption
thous. of Ibs 1, 033, 194 1, 116, 668 1, 065, 135 21,046,326
942,985 ; 1, 029, 464
948, 077
-9.9
-.5
4
2 Rev ised.
C umulative through IV Car. 31.




41
TREND OF BUSINESS MOVEMENTS—Continued

1927

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

1928

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH APRIL 30

Per t.
increase
( }

or t
decrease
(-)
cumulative
1928
from
1927

Apr.,
1927,
from
Mar.,
1928

Apr.,
1927,
from
Apr.,
1927

1927

1928

13, 956
77, 282

-n,

+14.7
-26.5

76, 386

84, 345

-31.7

+10.4

28, 610
34, 887

20, 556
24, 731

-13.9
-23.2

+ 18.6
+7.3

86, 655

85, 863

-0.9

37, 231

368, 071
126, 594

206, 647
53, 450

-63.9

-30.3

4 1,340, 318
352, 657

< 885, 029
389, 064

-33.0
+10.3

107, 896
45, 748

117, 757
44, 721

106, 873
45, 210

124, 099
48, 279

+9.1
-2.2

-5.1
-7.4

416, 458
169, 569

426, 282
173, 880

+2.4
+2.5

14,404
143, 844
.47

2
5, 716
156, 505
.49

5,139
163, 257
.45

3,044
154, 276
.51

3,436
165, 822
.50

-10.1
+4.3
-8.2

+49.6
— 1.5
-10.0

602, 001

623, 293

+3.5

24, 033
14, 409
37, 408

24, 456
13, 716
36, 618

30, 410
14, 655
41, 490

28, 960
15, 138
36, 570

32, 928
14, 872
42, 985

38, 126
16, 923
38, 212

-4.8
+3.3
-11.7

-24.0
-10.5
-4.3

123, 913
59, 417
153, 958

107, 859
57, 918
152, 086

-13.0
-2.5
-1.2

64, 035
7,474
211
8,878

55, 862
5,347
257
1,324

48, 784
5,303
208
1,148

43, 303
5,759
266
2,011

41, 735
6,229
187
668

47, 840
7,824
346
3,191

45, 616
6,923
327
1,117

-3.6
+8.2
-29.7
-66.8

-8.5
-10.0
-42.8
-40.2

25, 143
1,399
10, 921

22, 638
918
5,151

-10.0
-34.4
-52.8

47, 765
.29

41, 793
.29

36, 710
.24

31, 887
.25

30, 152
.24

35, 193
.25

32, 487
.24

-5.4
-4.0

-7.2
0.0

608

862

1,320

2,034

2,310

1,997

2,729

+13.6

-15.4

6,872

6,516

-5.2

882
47, 020

26
38, 575

66
31, 362

2 1, 087
234,411

4,497
51, 691

1,868
33, 272

5,501 +313. 7
52, 053 +54.7

-18.3
—. 7

24, 820
8,310

20, 618
8,457

2 17, 924
2 7, 635

15, 844
2 8, 299

18, 496
11, 622

10, 935
7,812

14,608
9,721

+16.7
+40.0

+26.6
+19.6

19, 048
4,656
2,345
6.00

15, 151
5,216
3,819
6.00

10, 868
6, 034
4,707
5.84

13, 169
6,381
2,700
5.83

5,378
3,881
2,974
5.75

8,317
3,689
2,761
5.84

+21.2
+5.8
-42.6
o

+58.3
+73.0
-2.2
-.2

11, 282

13, 871

+22.1

140, 133
117, 115
4,532
Exports
thous. of Ibs. .
4.57
Wholesale price, New York.dolls. per case..
Production, condensed and
99, 465
evaporated milk
_
thous. of lbs._
Powdered milk:
5,723
Manufacturers' total stocks.. thous. of lbs_.
336
Exports
thous. of lbs._
5,559
Net new orders
thous of Ibs
Fluid milk:
ReceiptsBoston (includ. cream) . .thous. of qts.. 17, 376
108, 272
Greater New York
thous of cits
Production22, 627
Minneapolis, St. Paul
thous. of Ibs..
Consumption in manufacture
7,363
of oleomargarine
thous. of Ibs

118, 444
95, 120
7,360
4.58

93, 458
65, 470
7,531
4.46

75, 949
56, 201
8,742
4.23

94, 187
72, 121
6,421
4.23

47, 476
9,346
6,232
4.50

58,455 +24.0 +61.1
8,531 +28.3 +745. 4
7,054 -26.5
-9.0
0.0
-7.6
4.58 |

23, 171

30, 054

+29.7

102, 847

131, 323

181, 476

170, 884

152, 840

-5.8

-6.3

571, 407

58G, 530

+2.6

11,716
303
6,036

6,601
171
4,679

+75.3
-21.7
+.4

1,029
18, 474

1,133
21, 759

+10.1
+17.8

« 50, 664
318, 375

* 51, 630
« 328. 336

+1.9
+3.1

+4.0

104, 343

109, 767

+5.2

-9.4

+7.9

26, 109

30, 104

+15.3

158,556 i -19.6
417,332 I +5.3
12.6
482,656
379,210 +45.4

+3.8
+7.4
-15.2
+75.7

529, 092
1, 348, 400
1, 689, 114

654, 069
1, 438, 528
1, 495, 605

+23.6
+6.7
-11.5

December

January

February

March

70, 350
117,490

29, 347
118, 154

20, 857
103, 494

18, 135
2 83, 169

16, 006
56, 783

15, 777
104, 697

14, 051
64, 787

14,300
53, 921

18, 860
44, 877

28, 316
34, 528

24, 387
26, 529

349, 112
95, 921

254, 394
168, 946

316, 392
79, 760

314, 241
103, 127

thous . of Ibs
thous. of lbs._

88, 164
33, 687

103, 861
42, 271

96, 768
41, 140

thous of Ibs
thous, of Ibs
dolls, per lb__

46, 289
163, 244
.52

28, 273
159, 687
.49

21, 186
13, 826
35, 335

April

March

April

FOODSTUFFS— Continued
Poultry
Receipts at 5 markets
thous of Ibs
Cold-storage holdings end of mo thous of Ibs
Fish
Total catch, prin. fishing ports.. .thous.
Cold-storage holdings 15th of mo thous
Canned salmon:
Shipments United States
Exports, Canada

of lbs_.
of Ibs
cases
cases

2

Butter
Production (factory)
Receipts, 5markets___
Cold-storage holdings, creamery,
end of month
Apparent consumption
Wholesale price, New York

Cheese
Total, all varieties:
Production (factory)
thous. of Ibs
Receipts, 5 markets
thous. of Ibs..
Apparent consumption
_thous. of lbs._
Cold-storage holdings,
end of month
thous. of lbs._
Imports
thous. of Ibs
Exports, United States
thous. of Ibs..
Exports, Canada.
thous. of Ibs
American whole milk:
Cold-storage holdings,
end of month
thous of Ibs
Wholesale price, New York.dolls. per lb_.
Eggs
Receipts, 5 markets
thous of cases
Cold-storage holdings, end of month:
Case
thous of cases
Milk
Condensed milk:
Total stocks, mfrs., end mo. —
Case goods
..thous. of Ibs..
Bulk goods
thous of Ibs
Unsold stocks, mfrs., end mo.—
Case goods
thous of Ibs
Exports
thous. of lbs_.
W^holesale price New York dolls per case
Evaporated milk:
Manufacturers' stocks, end mo.—
Total, case goods.—
thous. of Ibs. _

8,334
236
4,880

12, 534
5, 230
2,645
5.98

2

2

9, 185
328
4,781

2

2
2

2
2

9, 113
266
6, 062

17, 490
109, 709

15, 964
104, 413

18, 176
114, 214

26, 140

26, 192

28, 780

27, 522

7,762

7,035

7,042

691
817
496
231

164, 551
448, 326
409, 447
666, 061

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

None.

None.

46

7, 190

8,117

20, 058
201, 139
243, 364
205, 573

45, 026
219, 926
307, 050
192, 968

130, 034
344, 459
310, 612
333, 493

10, 204

None.

None.

182,413

6,683 1 +28.6
336 1 +13.9
-.4
6,012 |

18, 140
113, 200

17,976 i
108,761 !

27, 794

26,458 |
6,518 I

4
A

A

Sugar

Raw:
Imports —
From Hawaii, Porto Rico___long tons..
From foreign countries
long tons..
Meltings 8 ports
long tons
Receipts, domestic, at New
Orleans
Refined:
Shipments 2 ports

long tons
long tons

Exports, including maple
long tons..
Prices:
Wholesale, 96° centrifugal,
N. Y_
dolls, per lb_.
Wholesale, granulated, N. Y. dolls, per lb_.
Retail, granulated, N. Y
dolls, perlb..
Retail average. 51 cities _ .relative to 1913- .




2

204,
425,
468,
458,

45, 340
30, 387
3,651

40, 958
29, 542
3,184

47, 631
20, 283
8,842

70, 414
31, 621
9,865

.046
.056
.062
.129

.045
.057
.063
.129

.043
.056
.063
.129

.045
.057
.063
.129

Revised.

1,603

30

85,401 -14.0
49,441 +33.1
15,822 j -12.4

-29.1
-14.9
-45.4

0.0
+1.8
+1.6
0.0
^Cumulative through Mar. 31.

-6.3
0.0
+1.6
-3.0

60, 571
42, 092
8,645

.045
.058
.064 !
.129 l

84, 070
52, 056
18, 295

.048
.058
.067
.135

.048
.058
.063
.133

None.

276, 290

219, 574

-20.5

46, 418

30, 536

-34.2

42

TREND OF BUSINESS MOVEMENTS—Continued
p^r c»r
1

1927
The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

19?3

PER CENT INCREASE (+) OR

1837
;

December

January

86, 425
244, 852
212, 314

238, 129
212, 161
177, SOI

F

£ru-

March

April

DECREASE ( — )

i March

April

Apr.,
1928,
from
Mar.,
1928

Apr.,
1928,
from
Apr.,
1927

-62.2
-23.5
+10.2

— 1.4
+ 1.2

increase
(+)
or decrease
(-)
cumulative
1923
from
1927

CUMULATIVE
TOTAL !
FROM J A N U A R Y 1
THROUGH APRIL 30

1927

i 192$

FOODSTUFFS— Continued
Sugar— Continued
Cuban movement (raw):
Receipts at Cuban ports
Exports
Stocks, end of month
Coffee
Imports
_
" Visible supply: f
World
United States
Receipts, total, Brazil f
Clearances: |
Total, Brazil, for world
Total Brazil for U S
Price, Rio No. 7, Brazil grades,
N. Y

-

long tons
long tons..
long tons_.

898,615 1,016,015
586, 747 1,084,038
595, 154
326, 705 584, 153
447, 097
512,824
441, 653
851, 113 1, 202, 871 I, 325, 601 1,310,347 1, 449, 624

—8 6 ;

2,967,212 i 2,739,506
1,517,587 | 1,570, 116

-T-3.' 5

thous. of bags..

1, 144

1,148

1,024

1,085

935

803

962

-13.8

9 o
— /.ft ,

3, 623

thous. of bags..
thous. of bags..
thous. of bags. _

5, 041
768
1,372

4,862
782
1,216

4,792
833
1,022

5,050
873
1,324

5, 152 1
892 !
1,195 ;

4, 318
765
1, 063

4,261
806
933

+2.0
+2.2
-9.7

+20 9
+10.7
+28.1 |

4,266

4,757 : +11.5

thous. of bags..
thous. of bags

1,441
876

1,237
687

980
507

1,306
789

1,042
518 |

1, 223
672

942
511

-20.2
-34.3

+10. 6 '

4,353
2,296

4,565
2,501

+4.9
+8.9

dolls, per lb_.

.142

.148

.157

.168

.154

.158

.162

-8.3

-4.9

Imports
thous. of Ibs
Stocks, United Kingdom, end of
month ._ _
thous. of Ibs..
Price, Formosa, fine, New York._dolls. per lb._

9,057

8,160

6,087

7,577

4,299

5, 369

5,251

-43.3

25, 081

26,123

+4.2

245, 505
.325

254, 957
.325

252, 704
.325

242, 771
.325

223, 464
.325

188, 551

175, 080
.345

-8.0
0.0

Tea

;

.345

2

+1.4 |

-18.1

4, 192 ; +15. 7

+27. 6 1
-5.8 \
j

TOBACCO

Consumption (tax-paid withdrawals):
397, 007 413, 532
Large cigars
thousands
453, 605 497, 904
459, 022
528, 698 475, 980
-7.8
-4.6
-3.6 1, 912, 452 1,824,063
Small cigarettes
. thousands 6, 870, 462 8, 369, 087 7, 531, 914 8, 470, 466 7,511,408 8, 026, 096 7, 880, 403 -11.3
-4.7 ! 29, 785, 021 31,882,875 i +7.0
26, 685
Manufac. tobacco and snuff, -thous. of Ibs..
33, 002
32,310
33, 582
30, 602
35, 347
31, 561
-8.9
— 1.7
-3.0 !
131, 786
129,496
•Exports:
Unmanufactured
thous. of Ibs
47, 885
42, 958
41,624
42, 007
42, 574
46, 938
35, 209 -10.5 +19.3 !
173,527 ' -9.4
191,583
364, 467 962, 574
Cigarettes
- thousands
836, 921 864, 541 1, 147, 089
747, 967
468,852 i +32.7 +144.7 ! 2,589,116 3,811,125 i +47.2
135, 470
Sales of loose-leaf, warehouses
thous. of lbs._ 116, 822
61, 235
587
61,319
8,325
8,076 -92.9 -92.7 |
317, 122
205,617 1 -35. 2
Price, leaf, average warehouse sales,
Kentucky
dolls, per 100 Ibs.. 20. 220
19. 294
23. 227
12. 467
12. 735
10. 526
6.490
+2.1 +96.2 i
TRANSPORTATION

\

River and Canal Cargo Traffic
Panama canal:
2,574
2, 372
Total cargo traffic
thous. of long tons..
2, 660
2,429
1,099
In American vessels
thous. of long tons. _
1,019
1,121
1,101
763
In British vessels
_thous. of long tons..
698
872
682
1,169
Sault Ste Marie canals
thous. of short tons..
None.
None.
None.
New York State canals. _ . thous. of short tons__
None.
None.
None.
None.
98, 426 2 73, 093
Cape Cod Canal
- short tons
30, 575
63, 371
2,504
Suez Canal
thous. of metric tons..
2,647
2,439
2 T 891
53, 883
Welland Canal
short tons..
None.
None.
None.
St. Lawrence Canal
short tons..
53, 793
None.
None. 2 None.
Mississippi River, Govt. barges
short tons__ 114,063
105, 521
125, 328
104, 535
Ohio .River, Pittsburgh, Pa., to
Wheeling, W. Va
short tons.. 685, 546
517, 488
656, 435
680, 548
Allegheny River
short tons._ 176, 540
81, 585
80, 245
118,900
Monongahela River.
short tons.. 1, 965, 934 2, 327, 246 2, 056, 247 2, 103, 877
Ohio River, tonnage originating (quarterly):
3
Pittsburgh district
thous. of short tons.. 3 2, 385
1, 845
3 1, 281
Huntington district___thous. of short tons..
3 1,041
3
Cincinnati district
thous. of short tons..
3 139
107
3 1, 140
Louisville district
thous. of short tons
3 592
3
Total. _
thous. of short tons..
3 4, 945
3, 585

2,474
1,154
716

105, 857
52, 469
56, 931
112,000

772, 624

2,534
1,350
641
None.
None.
52, 081
2,724
None.
None.
104, 301

2,430
+1.9
1,410 I +4.8
491
+5.0
4,698
169 .
54, 155 +67.0
2,786
321, 670
241, 070
121, 673
+7.1

765, 632
744, 400
108, 433
184, 915
2, 529, 828 1,829,631

+1.8 1
-18.2 !
+45.8

9,436
5,125
2,149

9,935
4,395
2,968

+65. 0 |

198, 559
4
7, 238

272,896 ,

+37. 4

447,384 !

+ 11.5

I
83 7 i
—76 4 '
-7.9

1, 999
1, 001
376
3 487
3
3, 562

+33. 5

+3.8

-22.0
-18.7
-23. 0
-48.1
-27.5

3
3

TO. 3
-14.2
+3*. 1

« + 4.0
+40.8
+21. 6
+0.6

-0.8
+ 10.3
-0. 5

401, 066

-10.1
-20.2
-2.7 |

4 7 977 ; + 10. 2
"" "i

3, 656, 225
4
283, 280
4
6 835 265

2,627.095 j -23.1
4
q
280, 730 !
4
6 487 370 >

Ocean Traffic
Clearances, vessels in foreign trade:
Total
thous. of net tons
American
thous of net tons
Foreign
thous. of net tons

5,296
2, 057
3, 239

5,163
1, 865
3,298

5, 035
1,877
3,158

5, 581
1, 895
3,686

35, 867
30, 742

9,294
2,888

20, 787
15, 218

12, 990
5, 907

204

214

207

5,537
2,090
3, 447

5, 147
1,882
3,265

6, 160
2,618
3, .542

41,869
26 847

42, 752
33 631

288

235

21,216
8, 053
13, 143

21,316 !
7,727 i
13,589

+3.4

Shipbuilding
Completed during month:
Total
gross tons _ .
Steel seagoing
.gross tons. .
Building or under contract, end of month:
Merchant vessels
thous. of gross tons..

4
4

67, 639
43, 587

4
4

43, 071 ! -36. 3
24, 013 | -44,9

Freight Cars
Surplus (dailv av. last week of month):
Total
".
cars.. 464, 005
403, 792 372,916
344, 502
320, 762
248, 477
259, 736
-6.9 +23.5
Box
cars
224, 247
182, 001
155, 554
125, 627
134, 069
131, 844
137, 432
+6.7
-2.4
CoaL- __
.
_
cars.
183, 638
169, 463
168, 172
171,481
140, 091
68, 417
90,075 I -18.3 +55. 5 ;
. Shortage (daily av. last week of month) :
Total ..
. .. .
...cars..
25
4
None.
None.
None.
538
— 100 0
Box
cars..
None.
3
None.
None.
None.
None.
-100.0
Coal
cars .
None.
None.
None.
None.
None.
466
i
— 100 0
Car loadings:
Total
... ... _ _
cars 4, 172, 605 3, 447, 723 3, 589, 694 4,752,031 3, 738, 295 4, 982, 547 3, 875, 589 -21.3
-3.5 ! 16,416,714 15,527,743
Grain and grain products
cars.. 219, 482
187, 197
187, 045
237, 266
159, 131
195, 305
148, 524 -32.9
+7.1 |
695, 447
' 770, 639 i + 10. 7
Livestoek...
.
cars
144, 519
127, 658
130, 005
143, 383
105, 146
136, 276
110,340 -26. 7
-4.7 !
486, 684
506, 192 j +4.0
Coal and coke.
cars.. 869, 877
752. 752
726. 259
869. 335
620. 985 1.082.226
P>63. 092 — 2S n
9 QHQ T} 1 i
— K 2 ! 3 nS7 9n9
2
4
t See table on p. 23 of the April, 1928, issue for earlier data.
Revised.
i Quarter ending in month indicated.
Cumulative through Mar. 31




'l!

43
TREND OF BUSINESS MOVEMENTS—Continued

1927

The cumuiatives shown are through
April, except where otherwise noted.
Earlier data for items whosn here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

December

193$

January

February

FT 'I C I > . T I \ CRi, VilM-+ ) OR
DECREASE ( — )

1927

March

March

April

Apr.,
1927,
from
Mar.,
1928

CUMULATIVE TOTAL
FROM J A N U A R Y 1
THROUGH APRIL 30

Apr.,
1927,
from
Apr.,
1927

1937

1828

1, 159, Z'27
237, 090
4, 319, 204
5, 930, 710

j, 105,378
147, 045
4, 242, 002
5. 787, 156
'

1,118,759
i 236, 909
1 1,488,769
[ 1,145,569
! 225, 538
118,309

April

1, 071, 145
218, 500
1, 419, 204
1, 085, 187
217, 472
111,439

Per ct.
increase
i (+)
or decrease
(-)
cumulative
1928
from
1927

TRANSPORTATION— Continued
Freight Cars— Continued
Car loadings— Continued.
T/Qrgv't V'OdUCtS
OY"6

Cars
C8TS

Merchandise and 1 c 1
Miscellaneous

cors
cars

343, 780
259,598 ''. 233,368
352, 611
270, 914
273, 757
2o7,31C>
g> 1 <7 J 7
31,394
40 682
- '- '
42, 859
54, 599
41. 055
101, 893
927, 299
974, 382 1,299,322 1, 040, 999 1, 315, 174 1, 047, 971
I, 460,' 873 1, 187, 712 1, 269, 695 1, 816, 086 1, 513, 663 1. 846, 356 1,530,012

-4.2
-19.9
-16.7

-6. 0
-59.7
-LI

-4.7
-38. 0
-1.8
-,4

Railroad Operations
Operating revenue:
Freight
Passenger
Total operating....
Operating expenses
Net operating income
Freight Carried

.. thous. of dolls..
thous. of dolls
thous. of dolls_.
thous. of dolls
thous. of dolls _
mills, ton-miles

334, 742
81, 990
467, 598
377, 800
55, 334
34, 580

337, 382
78, 483
457, 426
363, 384
56, 634
36, 271

346, 024
69, 551
456, 593
348, 498
70, 064
35, 701

2

387, 739
70, 466
505, 185
373, 305
90, 774
39, 467

406, 578
76, 679
531, 617
395 735
2
94, 607
241,817
2

2
2

371,390
77, 332
498 428
384 668
73, 627
37, 102

=*s

-4.7
-5.3
-3. 6
-5.8

Railway Equipment
Locomotives (Am. Ry. Assn.}:
Owned, end of month2
Quantity
- number
60, 784
62, 238
60, 598
62, 275
60, 679
60, 471
60, 373
Tractive power _ _
mills, of lbs._
2,614
2,596
2,595
2,596
2,596
2,613
2,597
o.'o
In bad order end of month—
Quantity .. .
number. _
8,257
9,334
8, 857
8, 287
8,915
8,733
8,563
+3.3
Per cent of total in use
per cent 14.7
+4.4
14.5
13.7
13.6
15.1
14.5
14.3
Installed
.
_ number _ _
141
135
142
154
-31.4
187
96
140
Retired
number
222
378
267
194
259
201
223 -27.3
New orders .
number _
149
2
30
27 +120. 0
15
33
70
Shipments, manufacturers' (census)—
Total
.
_
number
72
59
137
98 -34.3
46
47
70
Steam, domestic
number..
41
43
44
84
72 -13.6
22
38
11
Electric, domestic
number _ _
13
11
15
6
23 -60.0
23
Unfilled orders (railroads), end of mo.—
From manufacturers
number - _
148
117
112
80
187
210
151
-4.3
In railroad shops
_ number. .
13
S4
22
23
25
30 +25.0
20
Unfilled orders, manufacturers' ( Census)—
232
204
Total
-..
number _
392
334
222
188
178
+5.6
Steam, domestic ...
number. .
178
146
129
255
+4.9
161
301
123
Electric, domestic
number
39
42 +10.8
38
40
41
55
37
Exports, steam
number..
25
13
26
16
47
15 -38.5
Shipments (qtly), electric locomotives —
3 272
Mining
number ._
3154
3 123
—20.1
-47.4
3 19
311
Industrial
number
3 JO
Freight cars (Am. Ry. Assn.)Owned, end of month— 1
Quantity
...
_ cars 2, 313, 375 2, 309, 577 2, 306, 816 22
2,303,688 2, 300, 955 2 33? 569 2 332 184
Capacity
mills, of Ibs
211, 649
-.1
3210,923
210, 312
211,483
210, 649
210, 471
210, 193
In bad order, end of month —
Quantity
ears.. 130, 493
138, 870
135, 458
136, 115
139, 698
149, 869
+7.3
130, 470
6.2
Per cent of total in use
per cent
5.8
6.2
5.7
5.9
6.7
+8.1
6.0
14, 114
New orders
.. ... _ _ _. ...cars-.
3,362 +41.1
5,876
5,683
5,253
2,098
4,029
Shipments —
444
Total ..- - -cars.
2,545
774
4,449
5,570 +37.1
3,332
4,568
444
Domestic
cars
4,324
2,536
4,445
5, 562 +31.8
3,281
576
Unfilled orders (railroads)—
Total
cars
12,431
26, 717
26, 305 -13.1
19, 748
22, 233
18, 464
19, 325
From manufacturers _ _
cars
9,341
17, 395
18,217 -14.8
17, 603
15, 459
20, 648
17, 589
In railroad shops- .. .
..cars
2,145
3,090
9,322
8,088
1,736
+9.5
3,005
1,585
Passenger cars:
New orders
cars
212
82
150
6 +215. 6
142
615
45
Shipments74
174
88 -36.3
86
78
80
51
Domestic
cars
174
72
88 -32.0
50
34"
71
68
3
Unfilled orders, end of quarter
cars_.
3364
+184. 6
3 1, 013
1, 036
3
In railroad hands, end of quarter
cars.. 3 53, 495
—0 2
53, 999
3 53, 409

-3.0
j

-3.9
-1.4
-48.7
-13.0
+22.2

634
848
208

-16.2
+11.1
-57.7

372
241
52

-53.1
-47.2
-73.9

531
942
88
232
147
55

-37.6
-39.0
+5.8

61

-45.5

|

-40.1
-16.7

i
i

-43. 7
-49.4
-2.4
+6.7

112

—54 8
-9.1 '.

-

—1 3

+10. 6
+13. 6
+69.0 |

29, 996

17, 886

-40.4

-18.0 j
-22.3 i

16, 251
16, 176

9,118
8,625

-43.9
-46.7

-26.5
-3.4
-78.5
i

778

884

+13.6

-42. 0
-61.4 i
+2.3
—1 1

290
256

283
224

-2.4
-12.5

226,711
27, 941

237, 952
28, 403

+5.0
+1.7

!

Passenger Travel
National parks:
Visitors..
number
Automobiles entered
_ . . ... number
Arrivals from abroad:
Immigrants
number
United States citizens
number. _
Departures abroad:
Emmigrants
number. _
United States citizens
number _.
Passports issued
number. _
Pullman company operations:
Revenue
thous of dolls
Passengers carried
thousands _ .
Hotel room occupancy!
per ct. of capacity..

26, 939
3,925

50, 591
6,679

57, 950
6, 658

57, 732
3,194

22, 350
18, 922

18, 146
19, 909

20, 888
31,941

26, 270
34, 217

9,085
25, 209
8,387

5, 323
27, 126
8, 896

4,708
34, 810
8,971

6, 963
2, 886
72

6, 393
2, 563
71

6, 131
2, 625
68

67, 089
10, 935

66,026
16, 783

64, 567
15, 648

68, 120
17, 335

4,185
26,815
27, 144

6, 458
2. 738
73

i

+26. 8 i
+39. 5 :

33, 034
29 055

4, 244
27, 041
17, 556

!

56, 543 +24.2
8,508 +271. 7

29, 868
32, 752

4,931
29, 422
17, 334 "~27,~6<J8~

6,411
2,831
66

59, 597
6, 887

71, 679
11,872

'68

4
4

1

70, 367
74, 762

4
4

65, 304
86, 067

-7.2
+15. 1

4
4

1

12, 121
78, 256
63, 134

4
4

14, 962
91, 358
62, 229

+23.4

19, 724
8, 309

4

19, 487
8, 074

-1.2
-2.8

198, 713
49, 766

+3.8
+2.1

+56. 3 ~~-6.~2~

6 329
2 775 •>
72 i

4

4

4

+7.4

+16.7
-1.4

+ 1.4

PUBLIC UTILITIES
Telephone companies:
Operating revenue
thous.
Operating income.. . ... thous.
Telegraph companies:
Commercial telegraph tolls.thous.
Operating revenue
thous.
Operating income
thous.

of dolls
of dolls
of dolls. .
of dolls
of dolls. .

9, 785
10, 904
9,956
12,467 i 12, 201
13, 573
1,137 •
2, 009
1,228
t See table on p. 18 of the April, 1928, issue for earlier data.
2
Revised.




11,016
13, 747
1, 654

'!

65.679

16, 892
1

65, 163
16,650

4
;

191,453
48, 738

4

4
4

4
4

30, 567
10,636
i
37, 919
13,152 i
4
4, 971
1,950 i
3
Quarter ending in month indicated.
* Cumulative through Mar. 31.

10, 944
13, 489
2,297

4

4

30, 645 ! +0.3
+0.8
38, 241
-12.0
4, 374

4

44

TREND OF BUSINESS MOVEMENTS—Continued
jPer ct.

1927

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

PER CENT INCREASE (+) OR

1927

1928

CUMULATIVE

January

February

March

April

March

April

179, 565
65,413

800, 722
7.852

from

Mar.,
1928

(+)
i or decrease

(-)

Apr.,
1928,
from
Apr.,
1927

176, 467
64, 908

833,316
7.841

Apr.,
1928,

"

THROUGH APRIL 30 |

DECREASE ( — )

December

m

TOTAL

FROM JANUARY i i crease

cumulative
1928
from
1927

1928

1927

PUBLIC UTILITIES— Continued
Gas and electric companies:
Gross earnings
thous of dolls 2 2194, 985
78, 937
Net earnings
thous. of dolls _
Electric railways (212 companies) :
830, 930
Passengers carried
thous. of persons ._
8.018
Average fare
cents _.
Electric power production:
7,211
Total
mills, of kw. hours __
2,729
By water power
mills, of kw. hours_.
4,482
By fuels
mills, of kw. hours. .
In street railways,
461
manfg plants etc f mills of kw hours
6,750
In central stations t
mills, of kw. hours. _
Electric power production (Canada):*
1, 362
Total
mills of kw. hours
1,339
By water power
mills of kw hours
131
Exported
mills of kw. hours
Electric power gross revenue thous. of dolls. _ 166,200

2

196, 402
2 78, 934

2 2187, 398
74, 114

189, 271
72, 590

814, 172
8.026

769, 974
8.034

820, 733
8.034

2
2
2

2

771,816

< 548, 880
* 206, 068

-6.0

-3.6

3, 222, 479

6, 880
2 2, 585
2
4, 295

7,222
2,831
4,391

6,840
2,687
4,153

6,482
2,610
3,872

468
6,412

479
6,743

448
6,392

447
6,035

1,318
1,298
124
172,400

1,274
1,256
123
163, 400

1,333
1,315
136

1,150
1,134
134
146, 200

1,110
1,095
130
145, 700

« 3, 347
4
3, 298
4
387

467
205
93
81
75
112.0
90,8
81.2

457
224
91
80
75
111.6
88.9
80.5

462
233
91
82

113.' 8
91.3
81.5

464
246
90
82
74
114.5
292.4
80.4

494
226
99
90
79
119.4
98.1
89.5

487
226
97
87
76
117.3
97.5
87.4

13, 830
248.8
103
83
81

13, 361
231. 6
98
79
76

13, 477
258.2
100
85
76

13, 760
277.8
99
85
78

13, 200

14, 717
273.0
108
94
83

61

54
82.2

57
81.8

71
82.0

77
84.0

119.7
98.1

120.2
98.7

113.6
96.0

2 107. 7
288.5

112.3
86.1

60, 660

60, 743

60, 999

28.15
29.57
25.24
232.1
111
101
106

27.49
29. 22
23.60
232.1
109
98
100

28.93
29.16
25.80
234.7
110
104
102

27. 35
30.32
31.70
25. 25
17.39

27.59
30.60
32.11
25.05
17.34

27.53
30.00
31.39
24.92
17.48

49.6
48.5

1

50.4
48.1

!
i

49
47
25
25
34
38
38
43
52
39
50

4

+4.4
+9.5
-1.4

4

« 1, 353
* 18, 483

7, 265
2, 739
4, 526

573, 071
225, 638 !

3,176,695

4

598
6,667

4
4

21, 367 i +7.7
4
8, 155
+10.4
* 13, 212
+6.2

19, 836
* 7, 390
* 12, 446

* 1, 545
19, 822
4
4

3, 925
3, 869
4
383

1

+14.2
+7.2
+17.3
+17.3
-1.0

EMPLOYMENT AND WAGES
Employment in factories:
New York State
thousands..
Detroit
thousands..
New Jersey
rel. to 1923..
Pennsylvania
rel. to 1923 _ _
Delaware
...rel. to 1923..
Wisconsin
rel. to 1915..
Illinois
rel. to 1922..
Massachusetts
rel. to 1914 ._
Total pay roll:
New York State (weekly). -thous. of dolls..
Wisconsin
rel. to 1915
New Jersey
rel. to 1923..
Pennsylvania
- rel. to 1923..
Delaware
-rel. to 1923 . .
Ohio construction
employment
rel. to 1923..
Employment, trade-unions U. S
per cent..
Anthracite mines:
Employment
rel. to 1923-25..
Pay roll
..rel. to 1923-25..
Federal civilian employees, Washington D C end of month
number
Average weekly earnings, factories:
Illinois
dolls
New York State
dolls..
Wisconsin
dolls..
Massachusetts
rel. to 1914..
New Jersey
rel. to 1923..
Pennsylvania
rel. to 1923 .
Delaware
...rel. to 1923..
Average weekly earnings (National Industrial
Conference Board}:
Grand total (both sexes)
..dollars..
Total male
.dollars..
Skilled male
dollars
Unskilled male
.
dollars..
Total women
- dollars..
Average weekly hours:
Nominal (both sexes)
,
hours..
Actual (both sexes)
hours
Wages, road labor, by districts:
New England
cents per hour .
Middle Atlantic
cents per hour
South Atlantic
.cents per hour. _
East South Central
cents per hour
West South Central
cents per hour..
East North Central
cents per hour .
West North Central
cents per hour..
Mountain
cents per hour..
Pacific
.cents per hour
United States, average
cents per hour..
Wage rates, U. S. Steel Corp... cents per hour..
Wages, steel workers, Youngstown
district
.. ..per cent of base..
Applicants per 100 jobs, employment agencies:
United States .
number
Eastern States
number
Central States
number
Southern States
.number _
Western States
number..

2

2

459
253
90
80
74

-1.3
-2.0

-6.5
-9.8

14, 214
268.1
106
92
80

-4.1

-7.1

-3.0
-5.9
-3.8

-9.4
-13.0
-6.2

66

65

+8.5
+2.4

+18.5

114.3
91.3

115.5
93.0

+4.3
-2.7

-2.8
-7.4

61,049

59, 591

59, 772

28.48
29.64
27.62
235.6
110
104
104

28.72
29.78
25.80
234.2
110
105
104

29.07
29.17
25.81
234.9
110
105
104

-2.9
-7.7
-2.0
-1.8
-4.8
-4.8

-1.3
-1.2
-1.7
-1.8
-5.7
-4.8

91.2
78.8

96
80
75

28.78
25.49
230.9
108
99
99

26.90
29.35
30.80
24.12
17.34

27.24
29. 80
31.22
24.66
17.23

49.5
47.3

49.5
47.9

49.6
48.0

50.0
48.2

55
46
24
24
32
42
37
46
54
39
50

53
48
24
25
26
39
37
41
50
37
50

52
47
22
26
28
41
39
43
54
38
50

51
48
23
28
28
41
37
42
52
38
50

50
46
23
26
27
41
36
46
53
40
50

51
51
32
24
26
39
37
42
52
39
50

128.5

125.5

125.5

125.5

125.5

128.5

170
192
203
188
87

175
208
189
222
75

154
171
166
264
65

137
146
147
219
69

2
227.2
238.2
(annual basis)
27.8
2
2
2
(annual basis)..
14.8
14.7
15.9
2
2
(annual basis)
28.6
7.9
8.3
2
2
(annual basis)..
4.7
3. 6
23.8
2
233.4
(annual basis) _ .i
32.0
2 23. 7
* See table on p. 22 of the April, 1928, issue for earlier data,
t See table on p. 22 of this issue for earlier data.

2
31.8
2

145
155
165 I
145
80

-1.1 -5.7
+2.8 +11.9
0.0
-7.2
-2.4 -8.0
0.0 -2.6

!
!
1
i

!
;

!
I

27.39
30. 03
31. 50
24.60
17. 39

;

•••
-2.0
-4.2
0.0
-7.1
-3.6
0.0
-2.7
+9.5
+1.9
+5.3
0.0

il i

+2.0
-2.1
-8.0
+4.0
20.6
+7.9
-5.3
+7.0
+1.9
+2.6
0.0

128. 5

0.0

-2.3

137 !
146 !
165 !
125
67

119
122
140
111
62

-11.0
-14.6
-11.4
-17.0
+6.2

+15.1
+19.7
+5.0
+97.3
+11.3

39.3
242.5
26.0
229.8
8.3
26.4
5.0
26.3 !
38.1
243.2
2
Revised.

248.3
232.4
29.7
26.2

+23.6
+33.3
+2.5
+19.0
+4.4

Factory Labor Turnover
(Percentage of number on pay roll)
Departures:
Total
per cent
Voluntary quits.. .per cent
Lay offs
per cent
Discharges...
per cent
Accessions
.per cent




19.5

28.1
2

24.2
36.5

247.5

4

-18.6
-19.8
-14.4
-19.4
-19.8
Cumulative through Mar. 31.

:::::::::::.i:::::::

45

TREND OF BUSINESS MOVEMENTS—Continued

1937

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey''

PER CENT INCUMULATIVE TOTAL
FROM JANUARY 1
CREASE (+) OR
THROUGH APRIL 30
DECREASE ( — ) :

1927

1938

i Apr.,
1927,
from
! Mar.,
! 1928

Apr.,
1927,
from
Apr.,
1927

-4.0
+.7
-10.4

December

January

59, 494
34, 486
25, 008

37, 465
24, 240
13, 225

38, 392
23, 842
14, 550

41, 787
23, 986
17, 801

40, 100
24, 159
15, 941

41, 147
23, 254
17, 893

84, 977
2, 427
43, 897
1,588
23, 044
435
6,857
221
11, 182
183
2,349
91
2,267
55
8,205
151

31,901
2,431
17, 114
1,591
8,658
436
2, 369,
221
3,760
183
692
91
800
62
2,624
154

35, 363
2,446
19, 001
1, 603
9,320
439
2,867
221
4,175
183
752
91
901
63
2,843
158

40, 447
2,467
21, 839
1,619
10, 855
443
3,123
222
4,630
183
912
93
1,128
64
3,707
161

39, 765
2,476
21,937
1,624
10, 784
445
3,060
222
4,984
185
918
93
1,172
64
3,656
161

35, 578
2,261
19, 601
1, 505
9,183
382
2,864
202
3,930
172
801
82
878
50
2,789
111

2,490
1,262

2,346
1,235

2,187
1,164

2

2,286
1, 245

2,171
1,207

2,522
1,243

2,443
1,198

-5.0
-3.1

-11.1
+.8

1,065
19
1,505
19
21, 796
891
9,475
3,151
3,233
299
2,064
113

312
22
907
19
7,722
913
5,562
3,151
1,826
300
598
113

388
23
1,096
19
8,906
914
5,926
3,113
1,902
298
673
113

480
23
1, 234
20
13, 134
930
6,578
3,118
2,153
296
788
111

512
23

388
22
1, 168
17
9,968
826
6, 500
3,102
2,542
294
693
92

465
22
2,427
17
13, 721
2832
6,652
3,112
2,592
294
871
98

! +6.7
i
0.0

+10.1
+4.5

3.9

8.6

8.2

6.3

1,811
106, 430

2,176
95, 545

2,517
89, 023

2,926
105, 595

2,812
107,115

2,720
108, 086

40, 823
4,448

30, 579
3,438

30, 547
3,482

34, 280
3,670

30, 758
3,348

13, 516
102, 259

10, 468
78, 220

10, 645
78, 887

12, 356
92, 750
2

February

March

April

March

Per ct.
increase
( }

or t
decrease
(-)
cumulative
1928
from
1927

1927

1928

-1.3
+.3
-3.7

152, 182
90, 391
61, 791

157, 744
96, 227
61,517

40, 782
-1.7 ! -2.5
2,281
+.4
+8.5
2 22, 351
+.4
-1.9
1,515
+.3 +7.2
0.0
10, 788
-.7
388
+.5 + 14.7
-7.7
2 3, 314
-2.0
2205 '
0.0
+8.3
4,329 ! +7.6 +15.1
171
+1.1 +8.2
1,000
+.7 i -8.2
82
0.0 +13.4
2
-1.3
1, 188 ! +3.9 |
52
0.0 +23.1
+8.7
3,364
-1.4
115
0.0 +40.0

137, 997

147, 476

+6.9

75, 448

79. 891

+5. 9

36, 236

39, 617

+9.3

11, 227

11,419

+1.7

15, 086

17, 549

+16.3

April

DISTRIBUTION MOVEMENT
Retail Sales
Mail-order houses:
Total sales, 2 houses ._ ._ thous. of dolls
Sears, Roebuck & Co
thous. of dolls..
Montgomery Ward & Co. -thous. of dolls. _
Ten-cent chain stores:
Total sales (4 chains)
thous. of dolls..
Total stores operated (4 chains) . .number..
F. W. Woolworth & Co
thous. of dolls..
Stores operated
number..
S S Kresge Co
thous. of dolls
Stores operated
number
McCrory Stores Corp
.thous. of dolls..
Stores operated
number..
8. II. Kress & Co.
thous. of dolls..
Stores operated.
._
number
Metropolitan . _.
thous. of dolls..
Stores operated
. _ .number. _
F. & W. Grand
-thous. of dolls
Stores operated
number
W. T. Grant Co
thous. of dolls..
Stores operated
number . .
Restaurant chains:
Childs Co , sales
thous sf 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..
Stores operated
number. .
A. S chul te (Inc.)
thous. of dolls..
Stores operated
number. _
G. C. Murphy Co
thous. of dolls
Stores operated... . . _ . _ . .number..
Installment sales in New England department
stores; ratio to total sales ._ .
per cent. .

12, 993
945
6, 242
3,151
1,915
298
930
111

40, 648
24, 091
16, 557
2

2

5.4

+3.7
+6.5
-0.4

3,149

3,274

+4.0

3, 434

4, 001

+16.5

10, 606

12, 830

+21.0

9,821
4, 784

8,990
4,851

-8.5
+1.4
+17.1

I
i
!
i
i

-1.1
-5.3
+1.6 +13.6
-5. 1 -6. 2
+1.1
+1.3
-11.1 -26.1
+.7
+1.4
+18.0
+6.8
0.0 +13.3

1,445

1,692

3, 162

3,237

+2.4

37, 511

42, 755

+14.0

24, 590

24, 308

— 1.1

9,700

7,796

-19.6

2,723

2,989

+9.8

5.1

Advertising
Magazine advertising for the following
month
thous of lines
Newspaper advertising
thous. of lines..

2,770
112, 501

-3.9
+1.4

+1.5
-4.8

Ml, 962
409, 083

5 12, 242
397, 278

+2.3

34, 590
3,572

31, 750
3,338

-10.3
-8.8

-3.1
+.3

126, 033
13, 511

126, 164
13, 938

+.1
+3.2

10, 941
84, 068

12, 715
98, 572

11,623
92, 019

-11.5
-9.4

-5.9
-8.6

45, 190
348, 744

44, 410
333, 925

-1.7
-4.2

3,417
33, 967

3,650
36, 394

3,378
34, 857

-9.2
-7.5

+1.2
-2.6

13, 489
337,492

13, 937
137, 900

+3.3

-7.2
+15.1
-9.7
+10.1

884, 957
3, 188, 876
722
4, 074, 555

889, 431
3, 779, 282
661
4, 669, 374

+.5
+18.5
-8.4
+14.6

-27.9
+18.4

4, 854, 046
180, 213

4,821,414
152, 701

-.7
-15.3

-5.7
+14.4
+32.0
+.5

2, 693, 278
861, 489
290, 581
3, 845, 348

2, 723, 843
991, 764
258, 339
3, 973, 946

+1.1
+15.1

+5.2
+11.0
+9.2
+6.7

580, 525
180, 390
23, 069
783, 984

630, 036
204, 461
37, 634
872, 131

+8.5
+13.3
+63.1
+11.2

2

Postal Business
Postal receipts:
50 selected cities
thous. of dolls
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

3,759
37, 452

3,416
34,117

3,340
33, 077

2

2

3, 764
36, 739

+.3

BANKING AND FINANCE
Life Insurance
'( Association of Life Insurance Presidents')
Policies, new (45 companies) :
Ordinary .
number of policies
256, 546
183, 511
212, 120
264, 939
228, 861
245, 374
246, 519 -13.6
Industrial
_
number of policies
783, 539
901, 786
846, 745 1, 049, 955
980, 796
890, 560
851, 905
-6.6
Group. -. _
-.number of contracts
491
125
175
159
202
176 -21.3
178
Total
number of policies and contracts.. 1, 040, 576 1, 085, 422 1, 059, 040 1, 315, 096 1, 209, 816 1, 136, 112 1, 098, 600
-8.0
Policies and certificates issued:
Total policies and certificates
number.. 1, 164, 208 1, 111, 705 1, 112, 665 1, 350, 682 1, 246, 362 1, 200, 737 1, 729, 415
-7.7
Group insurance certificates .. .certificates.. 124, 123
53, 800
26, 408
35, 788
36, 705
64, 803
30, 991
+2.6
Amount of new insurance (45 companies) :
Ordinary
thous. of dolls
725, 847
575, 127
651, 037
790, 827
706, 852
740, 725
749, 923 -10.6
Industrial
thous. of dolls
211, 076
236, 303
221, 948
273, 551
259, 962
241, 701
227, 279
-5.0
Group
. . -thous. of dolls
165, 025
46, 841
91, 505
57, 986
62, 007
103, 057
+6.9
46, 960
Total insurance .
thous of dolls 1, 101, 948
858, 271
964, 490 1, 122, 364 1, 028, 821 1, 085, 483 1, 024, 162
-8.3
Premium collections (45 companies) :
Ordinary
_
thous. of dolls
168, 114
148, 947
154, 292
168, 961
157, 836
159, 168
149, 993
-6.6
Industrial
thous. of dolls
89, 926
54, 564
48, 193
51, 013
50, 691
45, 534
45, 650
-.6
Group
thous of dolls
6,448
17, 623
7,618
6,465
5,774
5,928
5,427
-8.3
r o
Total ...
thous. of dolls
264, 488
211, 129
220, 108
226, 439
214, 455
210, 476
201, 070
Admitted life insurance assets (41 companies) :
Grand total
mills, of dolls..
11, 597
11, 704
11, 796
11,893
10, 713
10,812
Mortgage loansTotal
_
mills, of dolls..
5,062
5,103
5,129
5,153
4,686
4,722
1,615
1,618
1,613
1,604
1,604
1,611
All other
mills, of dolls..
3,444
3,516
3,549
3,488
3,082
3,111
2
Revised.
«Cumulative through May 31.




+3.3

46

TREND OF BUSINESS MOVEMENTS—Continued
1928

1927
The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

BANKING AND FINANCE— Continued
Life Insurance— Continued
Bonds and stocks (book value):
Total
mills, of dolls
Government
mills, of dolls..
Railroad
_. mills, of dolls..
Public-utilitv
.mills, of dolls__
All other
_ -mills . of dolls
Policy loans and premium
notes
_.mills, of dolls..
(Life Insurance Sales Research Bureau.)
Sales of ordinary life insurance (81 companies):
United States total
thous. of dolls
Eastern manuf. dist
thous. of dolls..
Western manuf. dist
thous. of dolls..
Western agric. district-.thous. of dolls..
Southern district
.thous. of dolls..
Far western district
thous. of dolls..
Canada total, 15 coinpanies.thous. of dolls..
Banking
Check payments:
New York Citv
mills of dolls
Outside New York City
mills, of dolls..
Canada
mills, of dolls
Federal reserve banks:
Bills discounted .
. mills, of dolls
Notes in circulation
.mills, of dolls..
Total investments
.mills, of dolls
Total reserve
mills, of dolls..
Total deposits
mills, of dolls..
Reserve ratio
percent
Federal reserve member banks:
Total loans and discounts., .mills, of dolls..
Total investments
mills, of dolls. _
Net demand deposits
mills, of dolls..
Brokers' loans, end of month:
To New York Stock
Exchange members
mills, of dolls..
By New York F. R. member
banks
..
mills, of dolls _
Interest rates:
Time loans, 90 days f
.percent _
Call loans, renewal f
per cent..
Prime commercial paper
(4-6 months) 1
- per cent
Prime bankers' acceptances <[
per cent..
N. Y. Fed. Res. Bank
(rediscount)...
oer cent.
Federal land banks
per cent
Intermediate credit banks
per cent..
Savings Beposits
New York State savings
banks end of month
mills, of doll-*
Public Finance
Government debt, gross, end mo.mills. of dolls..
Customs receipts
thous. of dolls
Total ordinary receipts _
thous. of dolls
Expenditures chargeable to
ordinary receipts
thous. of dolls..
Money in circulation,* end mo _ .mills, of dolls, _
Business Failures
Liabilities (United States):
Total commercial
I hours, 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..
Dividend and Interest Payments
(For the following month)
Grand total
thous. of dolls..
Interest payments
thous of dolls
Dividend payments:
Total
thous. of dolls
Industrial and misc
thous. of dolls. _
Steam railroads
thous. of dolls
Street railways.
..
..thous. of dolls
New Security Issues
Foreign loans in the U. S.f
thous. of dolls..
Foreign governments
thous. of dolls _

December

January

1927

F

|£u- ;' March :

4,374
934
2,299
974
167

4,417
938
2,311
1,004
164

4,454
939
2, 329
1,017
169

4 506
939 .
2, 345
1,050
172

1, 369

1,383

1,396

609, 228
261, 893
130, 338
90, 662
68, 847
57, 483
47, 569

38, 938
26, 509
2,311

37, 884
25, 007
1,871

32,740
21,755
1,665

44,786
25,847 i
1,812 i

609
1,813
990
2, 862
2, 473
66.8

423
1,577
812
2,971
2,452
73.7

493
1,588
752
2,974
2,426
74. 1

15, 433
6,386
13, 786

15, 265
6, 575
13, 888

4,433

3,718

April

March

1,412

833, 944
316,931
188, 770
131,530
113, 184
83, 529
48, 899

April

!
PER CENT IN- ! CUMULATIVE TOTAL
CREASE (+) OR ! FROM JANUARY i
DECREASE ( — ) i THROUGH APRIL 30
\
i
Apr., Apr., 1
1928,
1928,
iqow
from
from
u^
1927
Mar., Apr.,
1928
1927

|!Perct.

i
!
!•
i

4 0?3
921
2, 183
792
137

778, 451
316, 582
173, 372
114, 529
93, 904
80, 064
41, 631

-7.6
-8.3
-10.6
-6.3
-2.7
-5.3
+4.2

-1.2
-.5
-4.5
+4.2
+.2
-5.9
+12.2

! 2,891,286
! 1,224,346
: 636, 977
! 417,751
329, 368
282, 844
157, 025

41,778 !
25,082
1,729

34, 492
24, 028
1,443

32, 007
23. 579
1,473

-6.7
-3.0
-4.6

+30.5
+6.4
+17.4

125, 196
91, 845
5,621

524 i
1,567
733
2,931 !
2.404
73. 8 ;

757
1,591
656
2,868
2,494
70. 2

456
1,711
593
3,183
2,328
78.8

444 +44.5
+1.5
1.718
562
-10 5
—2 1
3,207
2.314 ' +3.7
79 5
—4 9

15. 442
6, C27 :
13,523

15 951
6,6^7
13,946

14, 359
5,914
13, 006

14,353
5,924
13,041

+3.3
+.2
+3.1

4,323

4,640 i

4,908

3,290

3,341

+5.8

+46. 9

3, 816

3,722

3,825

4,282

2, 803

2,883

+48.5

a

+11.9

4.38
4.24

4. 56
4. 38

4. 63
4. 47

4. 94
5. Ob

4.44
4.13

4.44
4.18

+6.7
+13.6

4-11.3
+21 5

4.00
3.25

4.00
3.38

4. 00
3. 50

4. 13
3. 50

4. 38
3. 75

4.13
3.63

4.13
3.63

+6.1
+7.1

+6.1
+3.3

3.50
5 15
4.50

3 ")()
5! 15
4.50

4. 00
5. 00
4. 58

4. GO
5. Of)
4. GO :

4. 00
5. 06
4. 60

4.00
5.19
4.50

4.00
5.21
4.50

0.0
0.0
0.0

+£2

4, 166

4, 191

4, 202

4, 260

3, 975

2 3, 965

+.2

+7. 4

18, 036
43, 113
652, 708

18, 050
41, 975
168, 840

17,951 :
42, 130
228,118 ;

354, 178
5,003

349, 142
4, 677

173,283 i 248,258
4,690 i
4,749

51, 262

47, 634

45,071 •

54,814 :

34,985

57, 891

53, 156

29, 024
16, 733
5,305
2,914

14, 871
26, 446
6,318
3,249

12,751 l
24, 952 !!
7,367
4,012 |

20,412
26, 186 '
8,216
6,829

13,236 :
16, 049
5,700
1,556

22, 368
28, 191
7, 332
2, 019

2, 162

2,643

2,176 i

2,236

1,818

2, 143

1,968

597
1,430
135
184

553
1,946
144
210

468 !
1,581 i
127 i
210 |

546
1,566
124
150

432 :
1,276
110
125

569
1, 468
106
188

492 ! -20.9
1,342 -18.5
134
-11.3
152 -16.7

750, 200
460, 600

333, 000
176, 000

428,900 ;
258,750 •

561,230
372,050

289, 600
179, 800
33, 800
21, 000

157, 000
114, 300
33, 100
9,600

170, 150 i 189, 180
129,050
149,500
34, 600 ! 28, 380
6, 500
11, 300

106, 496
67. 547

159, 825
79. 808

131, 129 ; 118, 437 i 156, 039
117. 351 ! 85. 750 i 87. 130 i

from
•927

+11.1
+12. 0
+6 9

4, 420

cumulative
1Q28

+70. 5
—7. 4
+16.7
—10 6
+7.8
— 11 7

15, 143
6,558
13,716

1

\ or de' : crease

1,282

836, 995
356, 736
183, 761
121, 369
92, 094
83, 035
42, 883

\^!~)

4 067
917
2,204
806
140

1, 268

iR'

j'crease
1

J See table on p. 21 of this issue for earlier data.

* Revised.


731,145
832,250 •
318,664
343,463 !
160,185 ! 185,240 !
104,811
127,286 i
81,213
96,766 \
66,272
79,495 I
40,290
44,823 !

:

4, 250

17,937
48, 277
641.626

i
i

769,263
314,944
165,567
119,317
94,128
75.307
46J 718

17,848 1
45, 740
169,965 i

2,941,886
1,238,964
641,330
442.076
340,954
278.557
179,400

+1.8
+1.2
+.7
+5.8
+3.5
i
-1.5
+14.2

157,188 i +25.6
97,691 I +6.4
7, 077 1 +25. 9

0.0

19, 008
52, 753
659, 116

18, 941
51, 253
-5! 3
190,380 ^ -73.5

326,709
330, 329
4, 862
4,748 ;

310,511 ; +31. 6
0.0
4,891 ,

+5.2
2.9

1,103,600

-36.2

-34.2

209, 278

25, 278 -35. 2
22,308 , -38.7
5,570 -30.6
1,557 i -77.2

-47.6
-28.1
+2.3
-0.1

78, 160
98, 437
32, 683
9, 743

-7.6

8,611

8,873 :

-12.2
-4.9
-17.9
-17.8 1

1 973
6^ 160
478
750

1,999 :| +1.3
6,369
+3.4.
505 : +5.6
895 ; i
-7.5

2

-18.7

-5.8
jQ2 080
-10.8 i
-10.7 1, 184J814

545, 300
355, 900

131, 350 1
96,550 :
27, 100
7, 700

189, 400 2 131, 750 ; -30.6
150, 675 2 98, 100 -35.4
26,300
27, 550
-4.5
7,350 -31.9
11, 175

-.3
-1.6
+3.0
+4.8

2203,415
121.686

-23.3
-28.4

107, 375
84. 140

+31.7
+1.6

-7.3
+2.0

1,097,392 i

-0.6

182,504 , -12.S
61,270
93,633
27,601
15,646

;| -21.6
, -4.9
:! -15.5
i —60.6
+3.0

-13.4 5 2,338, 620 s 2, 408, 180 '
-20.2 |« 1,418, 370 5 1, 470, 900 !

334,850
203,500

386, 650 i -40.3
254,900 -45.3

178,122 i
1,208,549 j ;

5

910, 250
« 656, 775
* 150, 250
5 51, 725
580, 803
332. 879

5 937, 280 '•

+3. 0
+3. T
+3. 0

5669,200 ;; +1.9
« 156,980 i! +4.5
556,100 ; +8.5

565,430 | -2.6
370.039 ii +11.2

* See table on p. 22 of this issue for earlier data.
f See table on p. 22 of the April, 1928, issue for earlier data.
5
Cumulative through May 31.

47

TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items shown here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

1928

Apr.,
December

January j *'£»-

March

BANKING AND FINANCE— Continued
New Security Issues —Continued
573,573
612,696
741, 950
Total corporation
thous. of dolls ._ 852, 064
Purpose of issue408,545 \ 411,352
380, 707
New capital
thous. of dolls.. 588, 591
165,028
201,344
Refunding
thous. of dolls. _ 263, 472
361, 243
Kinds of issue138,545
126,857
273, 591
245, 096
Stocks
thous. of dolls
578, 473 435,028 ; 485,840 496, 854
Bonds and notes
thous of dolls
Class of industry—
78,222
74,216
192, 781
73, 686
Railroads
thous of dolls
517,412
210,155 ! 262,825
226, 733
Public utilities
thous. of dolls
118,902
93,570
131, 262
54, 938
Industrials
thous. of dolls
2,200
20,675
12, 952
42, 000
Oil
thous of dolls
78,741 ! 48,038
58, 225
73, 935
Land and buildings
thous. of dolls. 74,331
112,672
102, 803
Shipping and misc
thous. of dolls.. 105, 803
Bond issues (Canada):
4,000 !
5,000
2,500
Govt and provincial
thous of dolls
11, 340
415 !
1,560
4,379
Municipal
thous. of dolls. 9,396 i
3,185
7,490
5,858
Corporation _ _ _ . _ _ -thous. of dolls .
States and municipalities:
2
!
2
103, 199 2 134, 412 2132, 627
Permanent loans
thous. of dolls. . 117, 903
73,320 ! 113,389
44, 248
75, 359
Temporary loans
thous. of dolls
Tax-exempt securities outstand16,278 : 16,442
16, 510
16, 205
ing, end month
mills, of dolls
Agricultural Finances
Loans outstanding, end mo.:
Federal farm loan banks
thous. of dolls. _ 1, 155, 644 1,158,717 1,168,354 1, 256, 111
608,798 : 609,984
611,004
Joint-stock land banks
thous. of dolls.. 607, 477
74,888 ! 75,220
74, 119
75, 915
Fed. intermed. credit banks-thous. of dolls. _
1,362
1,244
1,226
1,037
War Finance Corporation. -thous. of dolls. _
Stocks and Bonds
Stock prices, average daily closing:
242.25 : 239.32
242. 50
256. 36
25 industrials, average
dolls, per share. _
118.29 ;
115.20
119. 00
119.68
25 railroads, average _. .dolls, per share
144. 26
142.13
139.30
147. 91
103 stocks, average
dolls, per share _ _
111. 33
112.25
111.73
112.36
Southern cotton mills
dolls, per share. _
Stock prices, average weekly closing:
194.6
195.2
191.8
202.9
Total stocks (229) ... ..
rel. to 1917-21. _
158.2 ;
153.7
159.0
160.6
Railroads (31)
rel to 1917-21
210.4 ,
207.5
220.9
208.7
Industrials (198)
rel to 1917-21
369.8
372.9
453. 3
366. 5
Automobile (10)
rel. to 1917-21..
582.3 ;
565.0
579.7
601.0
Chain stores (11)
rel to 1917-21
150.5
148.5
148. 0
150. 5
Copper (11)
rel to 1917-21
432.1
430.6
425.8
433. 9
Food (9)
rel. to 1917-21..
i122. 3
125. 6
128.2
117.8
Machinery mfg. (5)
el to 1917-21
107. 4
101. 9
106. 2
106. 4
Petroleum (17)
_
rel. to 1917-21
231. 6
225. 3
227. 5
Railroad equipment (10)
rel. to 1917-21 _ _
218. 4
159. 1
154. 5
159. 3
157. 6
Steel (9)
rel to 1917-21
44.4
46. 6
47. 5
49. 6
Textile (5)
rel. to 1917-21. _
178. 6
ISO. 3
188.8
Theater (3)
rel. to 1917-21
178. 7
62. 1
64. 7
5S. 7
Tire and rubber (7)
rel. to 1917-21..
212! 4
220.5 :
209.2
225. 5
Tobacco (7)
rel. to 1917-21
315. 7
294. 8
309. 9
283. 9
Traction, gas and power(16)_rel. to 1917-21 ._
84, 988
56, 963
47, 165
Stock sales N. Y. Stock Exch.thous. of shares. _ 82, 367
Bond sales:
269, 374
222, 644
304, 610
Miscellaneous
thous. of dolls
267, 918
11,910
20,864
16,611
Liberty-Treasury
thous. of dolls...
23, 916
290,238
239,255
316, 520
Total
thous. of dolls. - 291, 834
Bond prices:
97. 04
96. 50
95. 90
Highest-grade rails.p. ct. of pa , 4% bond-97.20
88. 75
88. 61
88.81
Second-grade rails-_p. ct. of pa , 4% bond-88.57
79.66
80.03
SO. 32
Public utility
p. ct. of pa , 4% boiid._
79. 55
81. 28 ,
81. 33
80. 95
80.82
Industrial
p. ct. of pa , 4% bond.Comb, price index. _p. ct. of pa , 4% bond-86. 15 ;
86. 13
8(5. 04
85.98
Bond prices, 1st of following montl :
5 Liberty bonds
p. ct. of par.,
105.94
105.96
106. 02
106. 05
105. 90
105. 92
105. 67
16 foreign govt. and city
p. ct. of par..
105. 60
102. 58
Comb, price index, 66 bonds-.p. ct. of par_.
102.60
102.41
102. 46
Bond yields:
4.21
Railroads (15)
per cent..
4.18 •
4.20
4.17
4.77
Industries (15)
.
.percent-4.76
4.79
4.79
4.62
Utilities (15)
_
per cent
4.68
4.65
4.72
3.89
3.89 ;
3.89
Municipal (15).. . . . _ _ . . . percent3.90
3.91
Municipal bond yield (20)
per cent__
3.87 |
3.87
3.87
U. S. Treasury notes and
3.27
3.17
3.31
3.33
certificates,! 3-6 months
per cent..
3.30
3.34
Liberty and Treasury bonds t---per cent..
3.35
3.36
Long-term real-estate bonds issued:
62, 962
Grand total
thous of dolls
52, 322
61, 167 ; 39, 840
Purpose of issue32,759 ] 14,085
13, 520
Finance construction_-_thous. of dolls..
24, 270
35, 557
11, 207
12,900 |
2,710
Real-estate mortgage. _. thous. of dolls. _
Acquisitions and
4,225
improvements
thous. of dolls.
5,115
6,533
12,175
Kind of structure11, 965
Office and couimercial-.thous. of dolls. . 16, 055
29,000 i 22,415
4,010
Hotels .
thous. of dolls. .
650 j
700
3,790
4,060
Ap<; /taients
thous. of dolls
7,025
4,309
1,910
Gold
GOLD AND SILVER
67, 872
73,624 | 72,119
Domestic receipts at mint fine ounces. _
75, 575
877, 380
Rand output
fine
ounces.. 851, 225 2843,857 i 816,133
Imports
thous of dolls
38,320 I 14,686
2,683
10, 431
Exports
thous. of dolls..
77, 849
52, 086 j 2 25, 806
97, 536
2
Monetarv stock, and mo.*. .mills, of dolls. _
4,379
4, 305
4,373 i
4,362
t See table
 * See table on p. 22 of this issue for earlier data.



April

|

March

Per ct.
in- crease
(+
}
or decrease
(-)
cumulative
1928
1
from
i 1927

PER CENT IN- ; CUMULATIVE TOTAL
CREASE (+) OR
FROM J A N U A R Y 1
DECREASE ( — ) :
THROUGH APRIL 30

1927

April

i from
Mar.,
1928

Apr.,
1927,
from
Apr., :
1927 ;

1927

1928

833, 206

494, 373

2

520, 452

+12.3

+60.1 \ 2, 410, 509

2, 761, 425

+14. e;

484, 090
349, 116

392, 426
101, 947

2

388, 871
131, 581

+27.2 +24.5 ! 1, 829, 388
-3.4 +165. 3
581, 121

1, 684, 694
1, 076, 731

-7.9
+85.3

310, 263
522, 943

114, 507
379,867

2
2

100, 059
420, 393

+26.6 +210. 1
+5.3 +24.4

601, 055
1, 809, 455

820, 761
1, 940, 665

+36.6.
+7.3

95, 053
380, 541
138, 172
7,300
97, 152
114, 988

89, 716
188, 212
50, 979
31, 500
58, 510
75, 081

57, 830 -50.7 +64.4
196, 731 +67. 8 +93.4
58, 963
+5.3 +134. 3
79, 500 i -43.6
90 8
2
56, 594 +31.4 +71.7
2
70, 508 +11.9 +63.1

288, 764
1, 068, 802
366, 407
182, 288
245, 248
256, 299

440, 272
1, 080, 254
481, 906
43, 127
297, 866
404, 794

+52.5
+1.1
+31.5
-76.3
+21.5
+57.9

36
2,312
41, 845

5, 176
14, 625

-79.9
+33.9 !

46, 295
32, 547
66, 379

9, 036
8, 666
61, 916

80 5
-73. 4
-6.7

119,958
20, 593

92, 069
67, 501

124, 808
67, 252

-9.6
-72.7

-3.9
-69.4

464, 233
287, 096

490, 196
282, 661

+5. 6i
-1.5

15,517

15, 561

-5.0

-81.1

10, 044
11,531 -47.2
31, 260 +458. 7

1, 109, 354 1,117,914
614, 481
656, Oil
76, 895
78, 383
985
5,220
6,347

263. 34
123. 09
159. 16
110.97

70
58
30
73

199. 99
110. 74
121. 65
111.36

+2.7
+3.4
+7.6
-.3

+31.7
+11.2
+30.8
-.4

159. 0
143. 1
165. 6
251. 9
425. 2
116.7
326. 0
96.9
107. 7
189. 7
128. 8
38.6
18G. 6
53.1
170. 2
220. 8
56, 057

162. 5
147. 4
168.7
266. 6
446. 3
117.1
343.3
102.3
101. 9
187.3
135. 3
39.5
180.2
52. b
172! 7
226.7
49, 636

+6.1
+3.6
+6.9
+12.2
+3.0
+6.8
+2.3
+3.9
+9.8
+.3
+1.5
+6.0
+5.8
+1.1
+1.6
+7.6
-5. 2

+32.4
+11.8
+40.0
+90.7
+33. 8
+35.0
+29.3
+30.2
+14.4
+21.8
+18.3
+33.2
+10. 9
+5.9
+24.9
+49.8

301. 084
14, 489
315, 573

313, 565
45, 471
359, 036

290, 520
25, 800
31G. 320

i 2
+2L 7
-.3

+3.6
-43. 8

95. 33
87. 89
82. 17
81. 09
86.22

92. 96
83. 72
76. 10
79. 65
82. 6G

94. 74
84. 48
76. 19
79.58
83. 19

—.6
-1.0
+2.3
+.2
+.2

+.6
+4.0
-4-7.8
+ 1.9
+3.6

105. 98
105. 46
102. 44

103. 62
105. 02
100. 71

103. 41
104. 74
100. 67

—. 1
""*?
•— . i

+2. 5
+.7
+1.8

4.37
4.84
4.81
4.00
3.98

4.31
4.83
4.79
3.96
3.95

+.7
+.2
-1.3
+1.0
+.5

-1.6
— 1.0
-4.8
-.8
-.5 '

3.21
3.48

3.39
3.47

+10.7
+.6

+6.8
-4.3 i

87, 748

46, 840

49, 794

+39.4

+76.2 i

29, 220
36, 865

11, 900
11,410

25, 912 +116. 1 +12.8
13, 937
+3.7 +164. 5

16, 323

18, 790

1,470 +286. 3

8,315
2,860
2, 775

18, 177 +22.1
11,380 +184. 2
2,720 -10.5

-19.7
+.1
+33.6

65, 166 ! 73, 822
68, 531
-4.0
825, 967
860, 511 824, 014
-5.9
5,319
16, 382
14, 503 +98.2
96, 469
2,592
5,625
-1.1
4,267
4,597
4.610
-.9
on p. 21 of this issue for earlier data.

-4.9
+.2
63 3

188.
106.
120.
110.

215.2
164.8
236.2
508. 4 !

158! 1
443. 8
133.2
116. 6
228. 2 i
IfiO. 0
52.6
199. 8
55. 7
215.7
339.7
80, 569

4.24
4.78
4.56
3.93
3.93

j

3.62 I
3.32 I

14, 605
11, 395
3,635 I

+62.3 ;

.

.. .
184,613

;

269,685 ; +46.1

1,212,555 ! 1,097,712 i -9.5
111,908
63,844 i -42.9
1,324,463 : 1,181,586 i -12.3

251, 717

+18.0

92, 022
52, 457

89, 584
88, 032

-2.6
+67. 8

41, 623

-7.4

213, 392

39, 256

-5.7

68,495 !
19,215 i
21, 102

77,985
16,755
13, 914

+13.9
-12.8
-34. 1

289,129 ! 278,781
3, 303, 646 3, 363, 337
112,549
61,008
25, 521
271, 897

-3.6
+1.8
-45. 8

2

Revised.

48
TREND OF BUSINESS MOVEMENTS—Continued
1928

1927

The cumulatives shown are through
April, except where otherwise noted.
Earlier data for items whosn here may
be found on pages 24 to 138 of the
February, 1928, "Survey"

GOLD AND SILVER— Continued
Silver:
ProductionUnited States
thous of fine oz
Canada
thous. of fine oz
Stocks, end of month—
United States
__ thous. of fine oz
Canada
thous. of fine oz._
Imports
thous. of dolls
Exports
thous of dolls
Price at New York
dolls, perfineo z _ _
FOREIGN EXCHANGE RATES
Europe:
England
.
. _dolls. per £ sterling
France
dolls, per franc..
Italy
dolls, per lira
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..
America:
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 America —
Total
_ thous. of dolls
Canada.
thous. of dolls..
South America —
Total
thous. of dolls _
Argentina...
thous. of dolls. _
Asia and Oceania —
Total
thous. of dolls..
Japan
thous. of dolls
Africa, total
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..
Exports
Grand total, incl. reexports
thous. of dolls..
By grand divisions:
EuropeTotal
thous. of dolls
France
thous. of dolls
Germany _ .
thous. of dolls
Italy
thous of dolls
United Kingdom...
thous. of dolls
North America —
Total
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
rel to 1910-14
All commodities except
cotton
rel to 1910-14
CANADIAN FOREIGN TRADE
Total trade:
Imports
thous. of dolls..
Exports
thous. of dolls




December

January

February

5,015
1,723

4,980
1,433

4,490
1,272

353
608
3,770
7, 186
.580

574
1,141
6,305
6,692
.571

4.88
.039
.054
.140
.404
.270
.193

1927

March

2
2

April

Perct.
increase

CUMULATIVE TOTAL
PER CENT INFROM JANUARY 1
CREASE (+) OR i
THROUGH APRIL 30
DECREASE (— ) j

March

April

Apr.,
1928,
from
Mar.,
1928

Apr.,
1928,
from
Apr.,
1927

or decrease

1927

1928

cumulative
1928
from
1927

5, 333
1, 469

4,511
1,605

5,104
1,525

4,712 -15.4
1,716 ! +9.3

-4.3
-6.5

19, 991
6,433

19,314
5,779

-3.4
-10.2

170
547
4, 658
7,479
.570

2461
803
5,134
7,405
.572

128
550
4,887
6,587
.574

212
1,023
4,308
6,077
.553

602
723
3,815
6,824
.564

-72.2
-31.5
-4.8
-11.0
+.3

-78.7
-23.9
+28.1
-3.5
+1.8

17, 123
26, 522

20, 984
28, 163

+22.5
+6.2

4.88
.039
.053
.139
.403
.269
.193

4.87
.039
.053
.139
.403
.268
.192

4.88
.039
.053
.139
.403
.268
.193

4.88
.039
.053
.140
.403
.269
.193

4.85
.039
.045
.139
.400
.268
.192

4.86
.039
.050
.139
.400
.268
.192

0.0
0.0
0.0
+.7
0.0
+.4
0.0

+.4
0.0
+6.0
+.7
+.8
+.4
+.5

.462
.367

.469
.367

.469
.365

.472
.365

.477
.366

.491
.363

.484
.361

+1.1

-1.4
+1.4 !

.999
.972
.120
.122

.998
.971
.120
.122

.998
.971
.120
.122

1.000
.973
.120
.122

1.000
.972
.120
.120

.999
.960
.119
.120

1.001
.962
.118
.120

0.0

0.0
-1.6

" i
+l'7

380, 426

346, 136

378, 331

2

375, 734

-9.0

104, 732
12, 292
18, 471
8,263
32, 945

113, 507
14, 067
16, 386
8,735
33, 860

2

107, 517
13, 454
17, 817
11,061
2
27, 762

88, 522
39, 414

90, 050
38, 995

331, 236

337, 949 2 351, 023

103, 383
13, 224
15, 511
8,727
29, 063

2

97, 158 2 105, 804
2 12, 126
13, 914
15, 855 2 19, 186
2 8, 846
8,088
2
23, 095 2 28, 806
2
2

76, 485
40, 553

76, 518
37, 027

93, 565
34, 229
10, 275

2

122, 507

2

207, 088
23, 127
43, 848
15, 907
72, 498

2

4

!

4
4

410, 789

46,049
43,272
60, 632
68, 123

2 371, 484 2 420, 711

368,000

207, 621 2 184, 322
21, 300
15, 701
42, 648
37, 424
14, 530 2 13, 649
74, 392
68, 924

2

572, 221

537, 850

172, 830
159, 771
247, 190
269, 770

195, 344
149, 043
251, 194
282, 103

408, 973 2 415, 377

-12.5

-11.4 | 1, 616, 190

1, 570, 984

-2.8

42, 979
46, 133
64, 628
73, 272

2
2
2
2

34, 779
12, 557

31, 479
11, 184

40, 229
14,884

61, 923
23, 212
10, 462
398, 344

72, 246
26, 108
8,814
401, 913

572, 839
51, 078
113, 604
* 33, 436
4
233, 071

4

4
4

276, 366
170, 647

4
4

2 39, 623
2 13, 306

4

114, 994
38, 464

4

74, 056
28, 623
7,999
398, 246 2

67, 030
20, 985
10, 572
405, 001

4

4

-13.1

211, 406
74, 294
25, 207
1, 579, 281
-12.0 ;

107, 411

2 85, 824

-18.8

-13.3

418, 556

373, 368

31, 514
19, 978
37, 188 2 39, 192
2 59, 411
57, 840
175, 829 2 189, 060

-10.9
-22.9
-10.9
-9.2

-58.1
-15.8
-5.2 I
-5.1

94, 656
155, 918
231, 710
678, 342

59, 408
158, 597
239, 004
700,501

+2.4
+9.0
+ 1.3
+ 18.1
-8.2
+4.6
+ 10.2
-7.4
+.4
-8.7
-17.5
+11.1
-3.1
-10.8
-37.2
+1.7
+3.1
+3.3

117, 574

112,058

139

128

-18.0

-35.9

116

140

-15.4

-29.3

110, 581
107, 218

74, 298
78,404

-34.8
-44.6

+5.6 !
-22.9

338, 392
350, 691

364, 346
344, 417

+7.7
-1.8

38, 415
12, 577

65,643
2 55, 083
* 15, 082
20, 113
9,680
9,513
2 410, 054
362, 623

356, 290

95, 292

91, 620

74, 398

18, 077
43, 291
63, 851
164, 636

13, 307
39, 483
55, 657
158, 884

14, 821
42, 820
63, 189
2 197, 603

13, 203
33,003 i
56, 307
179, 378

119

113

100

100

82 |

133

127

111

117

99

83, 263
132, 189

79, 506
84,428

85, 932
90, 387

120, 418
109, 147

78, 490
60, 455
4

2 Revised.

O

336, 948
96, 356
26, 436

4
4

4
4

101, 062 2 110, 551
65, 945 2 74, 459

110, 707
73, 013

37, 396
15, 025

4

153, 873
26, 282

4

4

4

187, 441 2 187, 598
17, 269
17, 069
36, 985
35, 999
10, 317
9,599
64, 671
72, 791

91, 088
60, 787

333, 731
94, 318
29, 030

+7.0
-7.7 !
-6.1 1

151,319 2 152, 906

194, 452
18, 693
35, 058
11,317
70, 527

87, 329
54, 190

136, 312
22, 622

4

244, 482
112, 801

-16.2 |

4

128,060

4
4

+0.9
-6.1
+ 17.5
+3.0
+4.8

-13.8
+5.5
-6.7
-9.8

2 125, 134
2
31, 864
9,752

53, 452
2 41, 007
64, 964
2
75, 483

241, 989
108, 530

307, 694
38, 332
53, 512
25, 197
84, 846

4
4
4
4

-12.0

115, 659
33, 866
11, 787

2 47, 542
36, 040
2 64, 377
2
72, 195

4

43, 045
46, 876
64, 537
68, 370

120, 080
30, 759
7,896

301
724
221
302

304, 987
40, 834
45, 540
24, 459
80, 981

-.4

+ 1.0
+3.9
+12.9
+ 16.2
+1.0
+2.2
-8.9
-6.0
+13.0
-6.7
+1.6
+4.6

2 86, 436
2 36, 135

107, 507 2 109, 361
32, 001 2 33, 596
9,573
2 8, 967

133, 401 2 130, 869 2 145, 520

1, 415, 534

4
4
4
4

46, 894
9,388

90, 748
56, 708

23, 303
42, 057
59, 612
155, 798

1, 421, 783

47, 328
8,380

48,
2 28,
2
61,
2 66,
2

-7.9

I

59, 255
12, 563

2

407, 617

0.0 !

47, 426
6,972

2

51, 504
28, 227
59, 037
69, 960

-.1

4

2 47, 192
2 6, 747

47, 529
6,413

2 79, 442
2 36, 360

2

+.3

4

4

1

586, 395
55, 694
115, 130
4
39, 496
4
213, 843
4

4

4

Cumulative through Mar. 31.

106, 487
38, 625

4

4

4

289, 124
187, 990

192, 972
61, 303
28, 007
1, 530, 880
4
4

OF

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