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MONTHLY SUPPLEMENT TO COMMERCE REPORTS

UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
MARCH, 1922
(See Introduction)

No. 7

COMPILED BY

BUREAU OF THE CENSUS
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
BUREAU OF STANDARDS
Subscription price of the SURVEY OF CURRENT BUSINESS is $1 a year; single copies, 10 cents. Foreign subscriptions,
#1.50; single copies, including postage, 20 cents. Subscription price of CCMN"F.KCE REPORTS is $3 a year; with the
Survey, $4 a year. Make remittances only to Superintendent of Documents, Washington, D. C , by postal money
order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted.




CONTENTS.

Business indicators
Wholesale price comparisons
Summary for January (text)
Trend of business movements (table)
New data:
Life insurance—new business
Corporation stockholders
Enameled sanitary ware

3
4
6
19
36
37
38

New data—Continued.
Prices and employment
Foreign coal production
Foreign iron and steel production
Employment in foreign countries
Fats and oils
Miscellaneous
Metals and lumber
Sources of data

+
.-

40
42
44
46
48
52
54
55

INTRODUCTION.
Date of issue.—Beginning with this issue of the
the date appearing on the cover will refer to
the date of issue and not to the date of the statistics
contained therein. This change is made as the result of
numerous suggestions reaching the department. The
present issue is dated March, 1922, and contains statistics of industrial and commercial movements which
took place in the month of January or up to February
1, 1922. No number will be issued bearing a date
line of February, 1922.
Advance Sheets.—In order to facilitate the earlier
distribution of the SURVEY, the department has

SURVEY




arranged to distribute mimeographed advance sheets
twice a month. One set will be issued immediately
after the 20th of the month giving the data on such
items as have been received up to that time. Another
set of sheets will be mailed at the end of the month
giving the figures which have been received between
the 20th and the end of the month. These sheets will
be mailed free of charge to all subscribers to the
SURVEY who request them. Such requests should be
addressed to the Bureau of the Census, Department of
Commerce, Washington, D. C.
(2)

BUSINESS INDICATORS.
The following table gives comparative index numbers for a selected list of important business movements. It is believed that this
table will prove useful, because it separates out from the large mass of material a comparatively small number of items which are often
regarded as indicative of business in general.
The table has been divided into two parts, the first containing those items for which index numbers can be calculated using 1913 as
a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of index numbers
is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the absolute value of the
two sets of data. In either group, however, the upward or downward trend of the index numbers, compared to previous months, does
reflect the present tendency in each item and will give a basis for business judgment.
1921

MONTHLY AVERAGE.
COMMODITY.

1919

1920 1921 Jan.

1922

Feb. Mar. Apr. May. June. July. Aug. Sept.

Oct. Nov. Dec.

Jan.

1913 monthly average - 1 0 0 .
Production:
Pig iron
Steel ingots
Copper
Anthracite coal
Bituminous coal
Crude petroleum
Wool (consumption)
Cotton (consumption)
Beef
Pork
Stocks:
Crude petroleum
Cotton (mills and warehouses)
Prices:
Wholesale index, all commodities (Dept.
Labor)
Retail food (Dept. Labor)
Retail coal, bituminous (Dept. Labor)
Farm crops (Dept. Agriculture)1
Farm live stock (Dept. Agriculture)
Business finances:
Defaulted liabilities
Price 25 industrial stocks
Price 25 railroad stocks
Banking:
Bank clearings, Nfcw York City
Bank clearings, outside New York City
Commercial paper interest rate
Distribution:
Imports (value)
E xports (value)
Sales, mail-order houses

154
142
108
131
120

118
135
99
97
116
181
124
117
121
111

54
66
39
95
85
189
135
93
109
116

94
104
84
97
101
185
74
76
113
154

62
74
75 | 87
101
97
77
76
171
198
93
118
82
91
88
109
138
110

47
57
50
101
71
193
132
85
101
108

48
60
24
101
83
203
141
91
101
116

42
47
19
108
85
195
145
96
104
128

34
38
17
92
76
195
132
85
101
110

37
54
21
94
87
198
145
97
118
94

38
55
21
93
88
177
155
101
119
87

48
76
24
99
110
172
168
103
125

55
77
22
90
90
183
163
109
114
118

64
67
18
78
77
203
159
106
99
133

64
75
25
82
94
209
153
109

105
164

109
155

151
196

119
223

126
220

134
212

138
205

147
194

153
178

159
156

160
145

163
172

164
206

168
223

175
223

186
203

212
186
147
236
198

243
203
207
244
168

155
153
111
107

177
172
218
123
120

167
158
210
120
117

162
156
205
113
123

154
152
195
104
112

151
145
191
109
109

148
144
191
106
104

148
148
193
109
109

152
155
193
109
113

152
153
193
111
101

150
153
192
98
98

149
149
152 150
190 189
98
98
91
92

148
142
182
100
95

42
182
75

108
184
68

230
137
64

229
146
66

149
65

297
143

170
147

251
148
65

152
131
61

188
127
64

189
121
64

163
128
65

234
130
64

235
135
66

385
140
66

325
143
65

249
228
94

257

258
127

205
199
113

236
221
135

184
178
134

212
211
132

197
181
131

201
188
120

214
196
117

195
188
111

185
189
103

199
196
102

203
209
97

213
201
90

234
212
89

219
189
85

218
319
264

295
331

140
11
8

264

188

140
316
195

144
235
178

187
252

170
164
209

137
159
165

124
163
164

119
157
137

130
177
164

120
157
194.

126
166
229

141
142
218

159
143
194

145
135
181

100
111
105

76

82 j

I
j
|
i

1919 monthly average — 1OO.
Production:
100
Lumber *
100
Building contracts (floor space)
Stocks:
100
Beef
100
Pork
.•
Business finances:
100
Bond prices (40 issues)
Banking:
Debits to individual accounts, outsidt
100
New York City
100
Federal Reserve, bills discounted
i 100
Federal Reserve, total reserves
1
Transportation:
100
Freight, ton-miles

I
77

85
68

94
76

92
90

97
87

82

76

80
65

57
106

51
104

46
108

40
110

36
100

27
85

25
61

27
45

33
43

35
50

87

86

86

84

85

86

88

87

90 ! 93

102

106
127
106

84
124
108

90
88
95
118 I 1 0 7 97
111 I 114 117

89
92
120

85
85
123

85
77
127

89
72
131

95
68
134

90

75

77

85

86

92

93

111

86
70

55
33

66
36

81
58

74

70
97

43
84

59
65

59
81

60
105

86

87

87

118
132
97

91
91
122

113

1

92
77

100
72

81

85

85
66
137

100
61
137

44
140

78

i Monthly prices are for the first of the month following.
* Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and Michigan hardwoods. The total production of these associations in 1919 was equal to 11,190,000,000 board feet, compared with a total lumber production for the country of 34,552,000,000
board feet reported by the census.




DIAGRAM 1.—COMPARISON OF WHOLESALE PRICES AT PRESENT WITH 1920 AND PREWAR




(Average prices in 1913=100.)
30Q
| FARM PRODUCTS
WHEAT
CORN
POTATOES
COTTON
COTTON SEED
WOOL
CATTLE. BEEF
MOOS
LAMBS
WHEAT. SPRING
WHEAT. WINTER
CORN. NO 2
OATS
BARLEY
RYE. NO 2
TOBACCO. BURLEY
COTTON. MIDDLING
WOOL. OHIO. UNWASHED
CATTLE. STEERS
HOG8. HEAVY
SHEEP. EWES
8HEEP. LAMBS
FLOUR. SPRING
FLOUR. WINTER
8UGAR. RAW
SUGAR. GRANULATED
COTTONSEED OIL
COTTON YARN
COTTON PRINT CLOTH
COTTON 8HEETING
WOR8TED YARN
WOMEN'S DRESS GOODS
8UITING8
SILK. RAW
HIDES. PACKERS'
HIDES. CALFSKIN8
LEATHER. SOLE
LEATHER. CHROME
BOOTS AND SHOES
COAL. BITUMINOUS
COAL. ANTHRACITE
COKE
PETROLEUM
PIG IRON. FOUNDRY
PIG IRON. BESSEMER
STEEL BILLETS
COPPER
LEAD
TIN
ZINC
LUMBER. PINE. SOUTHERN
LUMBER. DOUGLAS FIR
BRICK. COMMON. NEW YORK
BRICK. COMMON, CHICAGO
CEMENT
STEEL BEAMS
RUBBER. CRUDE

INDEX NUMBERS
400
600

WHOLESALE PRICE COMPARISONS.
MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS.
NOTE.—Prices to the producer on farm products are from U. S. Department of Agriculture, Bureau of Markets and Crop Estimates. All other prices arc irom U. 8.
Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to the producer or at the mill. See diagram on opposite page.

COMMODITIES.

Date and maximum
relative price.

Per cent
Novem- Decem- January, crease (+)inor
ber
ber,
1922,
1921,
1921,
relative decrease (-T)
in Jan. over
relative relative
price.
Dec.
price.
price.
(1913 average -100.)

Farm products—Average price to producer:
Wheat
Corn
Potatoes....
Cotton
Cottonseed.
Wool
Cattle, beef..
Hogs
Lambs
•
••
-•
•
Farm products—Market price:
Wheat, No. 1, northern, spring (Chicago)
Wheat, No. 2, red, winter (Chicago)
Corn, contract grades, No. 2, cash (Chicago)
Oats, contract grades, cash (Chicago)
B arley, fair to good, malting (Chicago)
Rye, No. 2, cash (Chicago)
Tobacco, burley, good leaf, dark red (Louisville)
Cotton, middling upland (New York)
Wool, Ohio, i and f grades, unwashed (Boston)
Cattle, steers, good to choice, corn fed (Chicago)
Hogs, heavy (Chicago)
Sheep, ewes (Chicago)
Sheep, lambs (Chicago)
Food:
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar, 96* centrifugal (New York)
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime summer yellow (New York)
Clothing:
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
Cotton, print cloth, 27 inohes, 64 x 60-7.60 yards to pound (Boston)
Cotton, sheeting, brown, 4/4 Ware Shoals L.L. (New York)
Worsted yarns: 2/32's crossbred stock, white, in skein (Philadelphia)
Women's dress goods, storm serge, all-whole, double warp, 50 inches (N. Y.)
Suitings, wool, dyed blue, 55-56 inches, 16-ounce, Middlesex (Boston)
Silk, raw Japanese, Kansai No. 1 (New York)
Hides, green salted, packer's, heavy native steers (Chicago)
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
Leather, sole, hemlock, middle, No. 1 (Boston)
Leather, chrome calf, dull or bright, "B " grades (Boston)
Boots and shoes, men's black calf, blucher (Massachusetts)
Fuels:
Coal, bituminous, Pittsburgh, mine run—Kanawha (Cincinnati)
Coal, anthracite, chestnut (New York tidewater)
Coke, Connellsville (range of prompt and future) furnace—at ovens
Petroleum, crude, Kansas-Oklahoma—at wells
Metals:
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, bessemer (Pittsburgh)
Steel billets, bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Lead, pig, desilverized, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slab, western, early delivery (New York)
Building materials:
Lumber, pine, southern, yellowflooring1 x 4, " B " and better (Hattiesburg district)..
Lumber, Douglasfir,No. 1, common, s 1 s, 1 x 8 x 10 (State of Washington)
Brick, common red, domestic building (New York)
Brick, common building, salmon, run of kiln (Chicago)
Cement, Portland, net without bags to trade, f. o. b. plant (Chicago district)
Steel beams, mill (Pittsburgh)
Rubber, crude:
Rubber, Para island,fine(New York)




June, 1920

+
+
+
-

3.4
5.7
6.0
5.1

300
706
312
321
344
183
256
239

+ 1.5
+ 6.9
+ 3.8
+ 5.7
+11.1

354
302
331
296
325
451
352
331
304
218
266
319
263

+ 2.9
+ 17
0.0
+ 3.1
+ 5.7
- 5.9
0.0
- 2.1
+10.2
- 1.0
+14.8
+38.3
+15.6

328
363
598
526
374

+
+
+

Jan., 1920
Aug., 1919
Aug., 1919
Mar., 1917
Nov., 1919
Mar., 1920

348
478
427
289
292
291
466
283
490
211
473
308

- 3.9
0.0
- 8.0
+ 2.5
0.0
0.0
-11.0
0.0
- 1.4
0.0
- 7.0
0.0

Sept., 1920
Oct., 1921
Aug., 1920
Mar., 1920

201
637
375

- 2.3
0.0
0.0
0.0

July, 1920
June, 1920
July, 1920
May, 1920
July, 1918
May, 1919
July, 1919
Apr., 1920
May, 1920
May, 1920
Sept., 1917
June,
Mar.,
Mar.,
Mar.,
Apr.,
Jan.,

1920
1918
1918
1919
1920
1918

Mar., 1919
July, 1919
Apr., 1918
Feb., 1920
May, 1920
May, 1917
May, 1920
May, 1920
July, 1919
May, 1920
Apr., 1920
May, 1920
Jan., 1920
Oct., 1918
July, 1920

2.0
0.7
1.9
4.3
2.6

July,
July,
July,
Mar.,
June,
May,
June,

1917
1917
1917
1917
1917
1918
1915

346
335
388
230
261
224

- 2.9
- 1.6
- 3.5
0.0
0.0
- 2.7
- 3.3

Feb.,
JaD.,
Feb.,
Oct.,
Sept.,
June,

1920
1920
1920
1920
1920
1917

455
407
381
251
195
331

- 3.7
0.0
+ 5.0
- 6.1
0.0
0.0

Jan., 1913

124

- 7.7

SUMMARY FOR JANUARY.
Slow but steady improvement in business conditions is indicated by the January figures. Production
has in general increased, stocks have been reduced
and prices have become more stabilized. Although
the general price level continued to decline, farm
prices have advanced, thus putting increased purchasing power in the hands of the producers, whose
small earnings last year depressed business prospects
in the agricultural sections. Increased business from
the rural districts is already seen in the reports of
mail-order houses and other distributers.
Increased employment and a decline in immigration evidence a more healthy condition for labor and
the transportation statistics indicate improved conditions for the railroads.

DIAGRAM 2.—COMPARISON OF PRESENT PRODUCTION WITH
PREWAR.

(Average monthly production In 1913-100.)
INDEX NUMMftS

WHEAT FLOUR

BEEF PRODUCT?

PORK PRODUCTS

OLEOMARGARINE

WOOL
(CONSUMPTION)
COTTON
(CONSUMPTION)

PRODUCTION.

ANTHRACITE
COAL

Production during January, in general, showed an
increase over December. Out of 43 commodities for
which January figures are now available there were 25
increases, 15 decreases, and 3 unchanged. Three of the
largest relative decreases—cottonseed oil, face brick,
and cement—were largely seasonal.

BITUMINOUS
COAL
BEEHIVE COKE

BY-PRODUCT
COKE
CRUDE
PETROLEUM

COMPARISON OF PRESENT PRODUCTION WITH PREWAR.
RELATIVE PRODUCTION (1913=-100).
!

|Maxi- Mini- 1920
, mum mum averDec, Jan., Dec.,
! in | in age.
i 1920. 1921. 1921.
age. ,i
j 1920.!1921.

STEEL INGOTS

Jan.,
1922.

QZZZZ2MAXIMUM 1920
MINIMUM 1921
Z 2 Z Z 2 DECEMBER 192

FOODSTUFFS:

• • • 1 JANUARY 1922

1

j

Wheat flour •
Beef products
Pork products
Oleomargarine 2

116 I
143
1S2

84 i
82
121
109
111 ; 116
253 i 152

179
123

118
117

135
93

109
132

95
85
17
15;
189 I
54
66
39
62

• 1920 AVERAGE

84
. 86
99
133
164 *"i42

81
108
137
201

83
113
154
191

60
61

74
76

159
106

1S8

101
41
215
183

78
77
17
176
203

18
180
209

I 106
j 110
!
! "*9S"

94
104
S4
90

64
67
18
76

64
75
25
82

80
73 ; 105
90 1
231 I 287 i 327 '• 217
48
6S
90
87 !

73
301
73

73 i
231 i
68

70
286
92

97 [
95
107 ;

289
122
132
138

29
184
424

212
419

j
'
! 308 I

CLOTHING MATERIALS:

Wool (consumption)
Cotton (consumption)

153 '

109

FUELS:

Anthracite coal
Bituminous coal
Beehive coke
By-product coke
Crude petroleum

191

171

97
116
62
242
1S1

132
155

34
38
17
50

| 119
I 135
I 99 ,
i 138 '

109
132
54

MKTALS:

Pig iron
Steel ingots
Copper
Zinc

107

TOBACCO:

Cigars
Cigarettes
Manufactured tobacco
BV1LPING

MATERIALS

119
349
114

AND

i

I

82
94 ,

CIGARETTES
MANUFACTURED .
TOBACCO\

OAK FLOORING

EQUIPMENT:

Cement
Oak flooring
Bat'is. enamel
1. a »atories, enamel
Sinks, enamel

229
157
132
146

TR ANSPORTATION VEHICLES:

Locomotives
Automobiles, passengers..
Motor trucks
1 Relative to 1914.

98

109 ,
161 i
129
108
113 ;
9
65
276
408
51 1,371

107 !
1S6
104
122 j

124 I
36!
333
617

94
71
120 j
113 I
i
93 !

53
64 ;
56
98

77

BATHS. ENAMEL

2 AS represented by tax-paid withdrawals.

LAVATORIES
ENAMEL
SINKS. ENAMEL

!

As regards groups of industries, two out of four
foodstuffs increased, as did one of three textiles, four •
(6)




LOCOMOTIVES
AUTOMOBILES.
PASSENGER

Metals continued considerably below the prewar
out of six fuels (with one unchanged), three out of
four metals, four out of six kinds of lumber (one re- | average, as did cigars, manufactured tobacco, locomaining unchanged), one out of four paper com- ! motives, and beehive coke, with coal and wheat flour
modities (with one unchanged), two out of three | only slightly below 1913. On the other hand, autotobacco products, and two out of five sand and clay mobiles, clothing materials and building materials
products. Building equipment increased but build- were considerably higher than the 1913 average proings declined. Under transportation vehicles loco- duction. By-product coke, oleomargarine, cement,
motive production declined, but the output of auto- and petroleum were also in this category.
mobiles and trucks increased over December.
DIAGRAM 3 . — C O U R S E OF PRODUCTION SINCE 1919.
In most cases the January production was the
(Average monthly production in 1919=100.)
highest since last October, and in a number of cases,
INDEX NUMBERS
200
mostly metals, much higher than in any recent
I
FOODSTUFFS
I
month, with petroleum making a new high record. In
WHEAT FLOUR
BEEF PRODUCTS
26 commodities the January production surpassed
PORK PRODUCTS
the 1921 average, in two it remained the same, and in
SUGAR (MELTINQ8)
15 it was less.
OLEOMARGARINE
COURSE OP PRODUCTION SINCE

COTTONSEED OIL
CONDEN8ED MILK

1919.

COTTON (CONSUMPTION)

i
!

WOOMCON8UMPT10N)

RELATIVE PRODUCTION (1919=100).

SOLE LEATHER
ANTHRACITE COAL

{Maxi-Mini-j

i

1921' j Dec,, Jan., Dec.,Jan.,
^ - 1 9 2 0 . 1921. 1921.1922.

j
1919.

BITUMINOUS COAL
BEEHIVE COKE
BY-PRODUCT COKE

I 1919.

!

CRUDE PETROLEUM
GA8OLINE

FOODSTUFFS:

134 i
109 i

Wheat flour
Beef products
Pork products
Sugar (meltings)
Oleomargarine
Cottonseed oil
Condensed milk
CLOTHING:

87
82
114
51
82
270
21

88
86
128
40
78
263
24

151
147
126
349
121
.

Cotton (consumption)
Wool (consumption)
Sole leather

FUELS:

Anthracite coal
Bituminous coal
Beehive coke
By-product coke
Crude petroleum
Gasoline
Electric power
METALS:

Pig iron
Steel ingots
Copper..,*
Zinc
TOBACCO:

Cigars
Cigarettes
Manufactured tobacco
LUMBER:

Yellow pine
Western pine
North Carolina pine-...
Douglas fir
California redwood
Michigan hardwood
Oak flooring
PAPER:

Newsprint
All other paper
Mechanical wood p u l p . . . .
Chemical wood pulp

67! 91
67
92
58
93
40
104
26
103
7
100
20
76

114
126
95

57
42
63

109
83
82

57
42
72

71
52
63

99
112
93

102
108
88

113
137
127

63
74
11
62
104

101
121
110
122
117
123
113

29
79
125
130
105

113
138
96

101
105
72
109
121
140
109

82
81
32
89
133
133
117

85
99
31
91
138

132
140
83
126

34 j 119
34 I 121
17
94
105

54
59
37
47

65
60
17
58

64
67
24
62

128
116
119

75

138
141
119

106
99

P|G IRON
STEEL INGOTS
COPPER
ZINC

ii7

CIGARS
CIGARETTES
MANUFACTURED TOBACCO
YELLOW PfNE
WESTERN PINE
NORTH CAROLINA PINE
DOUGLA8 FIR
CALIFORNIA REDWOOD
MICHIGAN HARDWOOD
OAK FLOORING

74

112
84
94

*
96 ! 86
96
64
91
50

79
88
77

79
68
71

75
84
97

111
119
126
118
144
111
191

94
119
98
102
122
86
106

99
67
88
79

69

"43*
67
86
"60*
62
123
62

77
22
33
44
57
62
42

102
33
126
93

104
34
124
93

43
173

60
191

FACE BRICK

114
132
143
138

110
121
109
117

109
80
121
97

108
74
117
83

94
100
101
94

92
100
90
98

GLASS BOTTLES

130
131
121
157
124

97
106 j 40
123
65
122
100 100
59
125 I 122
104 j
"iO6"

77
105
39
61
100

34
67
85
98
86

47
59
56
61
83

183
169
170
113

149 i 120 82
112 i 127 125
110 122
111
30
72
70

65
102
75
33

112*
99
105
76

140
138
135
65

99
60

51
32
40
13

59
35
34
15

64
50

BUILDING EQUIPMENT:

Baths, enamel
Lavatories, enamel
Sinks, enamel
Buildings (contracted for).

"i24*
141
115

ELECTRIC POWER

95
93
80
68

STONE, CLAY, AND SAND
PRODUCTS:

Silica brick
Clay fire brick
FacebriQk
Cement
Glass bottles

83
97
92
62
165

90
92
76
111
78 ""90
67
58
202
154

TRANSPORTATION VEHICLES:

Automobiles, passenger... U21
152
Motortrucks
135
Locomotives
79
Ships

132
13
13

89
86
87
79

114
102
67

1
127
50

NEW8PRINT
ALL OTHER PAPER
MECHANICAL WOOD PULP
CHEMICAL WOOD PULP
SILICA BRICK
FIRE-CLAY BRICK
CEMENT

BATHS. ENAMEL
LAVATORIES. ENAMEL
SINKS. ENAMEL
BUILDING8 (CONTRACTED)
AUTOMOBILES. PAS8ENGER
MOTOR TRUCK8
L0C0M0TIVE8
SHIPS
WISSSC7XMAXIMUM SINCE' END OF 1919
BBSS) LATEST MONTH DEC. IBS I OR JAN. 1922
SINCE ENDOFIOIQ
1 PRODUCTION OF LATEST MONTH SAME AS MAXIMUM SINCE 1919
2 PRODUCTION OF LATE8T MONTH 8AME AS MINIMUM SINCE 1919

i Since July 1, 1921.




3 MAXIMUM AND MINIMUM SINCE JULY 1.1921

8
I with a yearly average, 11 commodities showed larger
Declines occurred in the stocks of goods on hand in | stocks at the end of January than the 1919 average,
most commodities during January. There were only while for 4 commodities the stocks were slightly
11 increases as against 17 decreases from the previous smaller. The greatest increases were in oak flooring,
month. In the foodstuffs, whose movement is largely crude petroleum, zinc, and face brick—from 73 to 90
seasonal, there were 3 increases and 9 decreases. All per cent increases.
Stocks of commodities that can be compared with
four paper commodities increased, while in the other
1913 showed large increases over the prewar average,
commodities there were 4 increases and 8 decreases.
Compared with a year ago, January stocks showed except for two commodities—coffee and tin—which
increases in only 9 cases, 18 declines and 1 without are not produced in the United States.
change. In the food group there were 4 increases as
DIAGRAM 4 . — C O U R S E OF COMMODITY STOCKS S I N C E
1919.
against 8 decreases, while in the other commodities
(Average monthly stocks in 1919=100.)
only 5 increases were reported (2 of these in enamel
INDEX NUMBERS
ware) as against 10 decreases.
400
600
STOCKS.

STOCKS OF COMMODITIES COMPARED WITH PREWAR.

BEEF PRODUCTS
PORK PRODUCTS
LAMB AND MUTTON

RELATIVE STOCKS (1913 = 100).

SUGAR(RAW)
COTTONSEED OIL

1920
average,
Wheat (visible)....
Corn (visible)
Coffee
Cotton (total)
Crude petroleum...
Zinc..:
Tin
Oak flooring
Cement 1
Tobacco
1

1921
average.

127
71
89
155
109
99
1S3
25S
SO
114

Dec.,
1920.

134
255
S9
196
150
195
127
375
91
131

Dec.,
1921.

Jan.,
1921.
I
j
!
!
I
|

1S3
63

144
190
87
223
118
187
13S
444 i
92 !
!

S6 •

222
117
175
155
425
SO
117

Jan.,
1922.

WHEAT (VISIBLE)
CORN (VISIBLE)
BUTTER

264
323
S5
223
175
16t
92
242
106
127

235
362
73
203
186 i
162 !
72 |
305 i
11"

CHEESE
EGGS
COFFEE
APPLES
COTTON (TOTAL)
WOOL (COMMERCIAL)
CRUDE

PETROLEUM

GASOLINE

Relative to stocks at end of 1913.
ZINC

STOCKS OF COMMODITIES SINCE

TIN

1919.

YELLOW PINE
OAK FLOORING

RELATIVE STOCKS U919= 100),

SILICA BRICK
FACE BRICK

Maxi-Mini- 1 Q 9 n 1 Q 0 1
m u r n m u m **fr i ™~* Dec., Jan., Dec., Jan.,
., a ,
., a ,
since since *™T" a \ ~ T " 1920 1921 1921 1922.
nce
1920. 1921. 1921. 1922
1919. 1919. a g e >

CEMENT
BATH8(ENAMEL)
LAVATORIE8 (ENAMEL)

8INK8
NEWSPRINT

FOODSTUFFS:

Beef products
Pork products
Lamb and mutton
Sugar(raw)
Cottonseed oil
W h e a t (visible)
Corn (visible)
Butter
Cheese
Eggs
Coffee
Apples

124
129
928
276
' 321
: 184
1,024
174
156
' 186
• 177
391

25
38
31
44
23
2S
108
12
35
1 ;
lOi
12

70
97
183
110
127
89
174
89
99
82
146
227

43
84
324
157
158
93
622
81
79
101
145
164

59
65
810
104
261
128
153 :
88
88 :
10 i
139
368 i

59
81
928
110
278
100
464
62'
65 ,
1
«S '
294 [

35
51
77
65
167
184
787
73
72
22
139
313

33
59
47
90
164
164
882
53
55
4
119
24S

61
83

95
88

119

135
96

136
.

136

124

178 W 1 1 0 4 143
169 ^ 1
35" • 1J1'

112
9S

113
121

167
124

178

247
528

72
130

108
332

212
232

190
281

203
251

178
167

175
131

143
277
115
181
240
301
95
106

102
59!
81 |
107 i
102!
29 !
21 '
34

127
161
103
140
170
50
31
53

129 i
234
107,
153
193
179
78
89 •'

141
265'
81 i
163
170 i
138
32 i
50 <

139
277
89
173
196
214
49
64

120
151
93
181
227
126
80
106

114
190
87
173
250
127
73
103

CLOTHING MATERIALS:

Cotton (total)
Wool (commerciaJ)

CONSTRUCTION MATERIAL:

Yellow pine
Oak
flooring
Silicabrick
Face brick
Cement'
Baths (enamel)
Lavatories (enamel)
Sinks (enamel)

•

PAPER:

Newsprint
175
All other paper
122
Mechanical wood p u l p . . . .
143
Chemical wood pulp
i 138
Tobacco, total
132

i

71
97
65 > 74
5 5 ! 78
6 4 ! 63
92
102
1

125
103 i 135 100
112
88
101 107
108
84
95
80
99
80 ; 100 ; 87
117 ;i 105:
113
;
i
;
.

111
111
81
94

i Relative to stocks at end of 1919.

Leaving out of consideration the foodstuffs, whose
seasonal movement throws out the comparability




CHEMICAL WOOD PULP
TOBACCO (TOTAL)
| MAXIMUM

SINCE 1910

WXXSSSa LATEST MONTH DEC. 1921 OR JAN. 1922
YFFm M I N I M U M SINCE 1919
* MAXIMUM SINCE 1919 SAME AS LATEST

MONTH

PRICES.

METALS:

Zinc
Tin

PAPER

I

136
106

FUELS:

Crude petroleum
Gasoline

ALL OTHER

MECHANICAL WOOD PULP

The prices received by farmers for crops and live
stock increased in January from their previous low
level. The crop price index reached the 1913 level.
The wholesale price index of the Department of Labor
dropped one point in January and showed a greater
tendency toward stabilization. House furnishings,
which stood at more than double the 1913 level, declined four points, while the only increase occurred in
farm products, which showed the smallest gain over
1913. The Federal Reserve Board's grouping of this
index shows that this increase was largely in animal
products, and on this account the raw material index
rose slightly. The Federal Reserve Board's index for
irteraational price comparisons showed no change, but

both imported goods and exported goods declined.
Dun's index for February 1 showed no change, but
Bradstreet's index increased slightly.
The retail price of food declined over 5 per cent in
January. The quarterly figures of the Department
of Labor on the cost of living showed a decline of
three points from September to December. Clothing
and furniture made the chief declines, while housing
costs alone increased. The National Industrial Conference Board's index for January showed a decline
of three points, due to the drop in food prices. Slight
declines also occurred in fuel and light and sundries,
while shelter and clothing remained unchanged.
Wholesale prices in Canada, Japan, France, and
England continued to fall, while the inflation of the
currency again caused a rise in Germany.
Taking the individual prices shown in the table and
chart on pages 4 and 5, the prices to the farmer increased
for all commodities in January except cotton. The
wholesale market price increased on eight commodities; declined on three—rye, cotton, and cattle; while
two remained unchanged. Food prices showed three
increases and two decreases. Prices of clothing materials showed only one increase—worsted yarns—compared with five decreases and six stationary products.
There was no change in fuel prices, except a slight
decline in bituminous coal. Metal prices all declined
except copper and lead, which were unchanged. The
building material group showed two declines to one
increase and three stationary products, while rubber
continued to decline.
The greatest increases occurred in the farm and
wholesale prices of sheep, wool, and hogs, while the
greatest decrease occurred in silk.

figuresjjare not available, December sales also showed
increases over a year ago except for leather belting,
newspaper advertising, and printing, the latter decline being due to declining prices rather than decreased activity.
In this connection it may be pointed out that some
of the items, marked by an asterisk (*), are relatives
based on values instead of quantities and are therefore
generally dependent on fluctuations in the purchasing
power of the dollar, i. e., the level of prices, as well as
the fluctuations of sales of physical goods. Therefore,
a decline during the past year does not necessarily represent a decline in the physical amount of sales. A
rough corrected figure, eliminating the price variation,
might be obtained by dividing each item in such series
by the wholesale or retail price index number, whichever most nearly corresponds with the class of business
done. In a few items expressed in values no correction is necessary for comparison, because there
has been little or no change in the price for the goods
or services—for instance, postal and telephone
receipts. Bond sales on the New York Stock Exchange are really not based on value, because sales of
bonds are not reported in their value at the time of
sale but on their par value; therefore, bond sales represent physical quantities. On the other hand, new
issues of municipal bonds, unless for refunding purposes, reflect the price level, as the work for which
they are issued requires a larger bond issue when
prices are high.
COMPARISON OP SALES IN DIFFERENT LINES OF BUSINESS.

RELATIVE SALES (1919=100).

SALES.

In contrast to the current physical movement of
commodities shown in the preceding tables on production and prices, the following table, showing relative sales or orders, gives a forecast of the future production of those industries. The separate commodities covered in this table are few and in most cases
relatively unimportant, as the sales can only be reported where trade associations supply the data; but
the figures may be found to be of some interest. In
addition to the orders of separate commodities booked
by manufacturers (included in the first two groups in
the table), the distributive movement of goods as a
whole is shown through various channels, and the sales
of investment or speculative securities.
The figures shown in the table indicate increased
sales in all lines and classes reported in January, 1922,
as compared with January, 1921, except in sales by
mail-order houses, and of stocks, life insurance, municipal bonds and magazine advertising; the mail order decrease is apparently due to decline in prices
rather than a decline in business. Where January
91396—22




2

Maxi-; Minimum ; mum 1920 1921
since since aver- aver- Dec., Jan., Dec., Jan.,
end end
age. 1920. 1921. 1921. 1922.
of
of
1919. 1919.
METAL PRODUCTS:

Structural steel
Bolts
•
Nuts and rivets
Baths, enamel
Lavatories, enamel
Sinks, enamel

WOOD, FIBER, AND LEATHER
PRODUCTS:

Oak flooring
California redwood
Leather belting
Abrasive paper and cloth.
Elastic webbing
Paper
Printing*

DISTRIBUTION MOVEMENT:

Wholesalers*
.*
Mail-order houses *
Chain stores*
Department stores *
Grocery stores *
Postage receipts *
Telephone receipts *
Magazine advertising
Newspaper advertising

178
164
155
115
130
110

101
100
100
53
73
65

74
84
109
96

234
142
129
148
129
147
168

23
21
35
40
25
71
106

54
77
98
111
87
127
148

107
136
242
186
149
145
154
144
129

62
50
82
86
106
95
114
58
85

102
118
118
137
113
123
122
114

113
147
78
103

110
178
359
122

35
67
63
87

72
105
118
120

55
94
179
102

44
21
44
40
50
79
144

111

26
44
43
32
95
147
72
98
217
186
127
136
136
112
116

62
72
86
103
115
109
149
77
101

90
82
242

91
178
133

61
95
134

68
132
359
122

119
**42
65
81
89
121
87
71
124

111
119

145
154
75
112

90
66
95
114
"*59

SECUBITIES:

Stocks..
Bonds
Municipal bonds (new)
Life insurance *

* Items based on value.
Relative proportion of orders to total transactions.

1

91

10

DIAGRAM 5.—CONSUMPTION- BY MILLS, AND IMPORTS OF WOOL.
1

,!!!!!! ! MM

MM

1- 1

ItIS 1914 1916 1916 1917 I9IS 1919 1930
MONTHLY

AVERAGE

Knit goods orders received in January were double
the December orders, and shipments were one-third




DIAGRAM f>.—EXPORTS AND CONSUMPTION OF COTTON.

1111!! ! -1-

1

1 ! 1 {

•OJJ

i ' [ ; I i

TO
O

3*
c

TO

i

>
\
/
/

u
\\

li M ; •

I
\

I

| I ;

11

:

V V M ; ! ://

LPTIOI

li : M i J

r
li
,f 1

t
I

!

1

' 'Si \)

1

1920

I

! i

i

j
j

ii

i !!!ij
1813 19 14 1916 1916 1917 1918 1919 1920 1921
MONTHLY AVERAGE

1

i 1

: • ; ! jy
i • M i i
'
1 i

100

1

'N i
I

\i
' : \\ i M \
i M\ i !

300

i

i i%
!

1921

is

191 JAN.

Woolen mill operations, as shown by reports of
active machinery, were, slightly less in January than in
December, except in carpets and rugs. Consumption
of wool declined 3^ per cent but was twice as large as
a year ago. Receipts of domestic wool at Boston were
less than in December, but foreign wool receipts were
very heavy, making the total 40 per cent larger than
for December. Imports of wool were the largest
since April, 1921. A further stabilization in prices
was noted in January. Considerable increases occurred in the raw wool quotations, a small increase
took place in worsted yarn, while dress goods and
suitings remained unchanged.
The consumption of cotton in textile mills increased
in January to the level attained last November which
was the highest since June, 1920. Stocks of cotton
declined, in contrast to an increase during January,
1921. The world visible supply of American cotton
also declined more heavily in January, 1922, than in
January, 1921. Marked declines occurred in both
imports and exports of raw cotton.
The number of active cotton spindles was slightly
less than in December, but spindle activity was considerably greater and the activity per spindle in place
rose to 215 hours, the highest recorded since the beginning of these reports last August. Exports of cotton
cloth continued to decline, part of which was probably
due to a change in the unit of measure from linear
yards to square yards. Fabric consumption by tire
manufacturers increased 21 per cent over December
and was the largest since last August.
The market and producers1 prices of raw cotton declined slightly in January. Declines also took place
in prices of yarns and sheeting, but print cloths remained unchanged.

greater. Production of knit goods increased slightly
as did the unfilled orders at the end of the month.
Withdrawals of raw silk from warehouses increased
considerably in January, equalling the high level of lastJune. Stocks of raw silk also increased to the highest
point since January, 1921, although imports declined
one-third from December.
Imports of burlap declined in January while unmanufactured fibers were imported in even less volume
as compared with December.

OCT.
NOV.

TEXTILES.

METALS.

Pig-iron production decreased slightly in January,
but a considerable increase was shown in the output of
steel ingots. Unfilled orders of the United States
Steel Corporation declined slightly. The total on the
corporation's books at the end of January was
4,242,000 tons. Prices of iron and steel were lowered
slightly in January, except for steel beams? which
showed no change.
Sales of structural steel increased very slightly in
January with a total of 72,100 tons. Production of
sheets and steel barrels fell off markedly in December
and slight declines occurred in the stocks of sheets and
shipments of barrels. Production and stocks of sheets
increased in January. Foundry production of iron
increased over December but was less than in
November.
Production of copper increased almost 40 per cent in
January but was still only one-fourth of the 1913
monthly average. Exports fell off slightly and prices
remained unchanged.
Zinc production continued its increase through January, making the highest mark since January, 1921.
Stocks declined to the lowest point since November,
1920, and imports were negligible. Receipts and
shipments at St. Louis declined during January and
the wholesale price was reduced.

11
Receipts and shipments of lead at St. Louis increased
considerably in January, but there was no change in
price.
Stocks of tin declined and the price of tin was slightly
less than in December. Imports increased over
December and were far ahead of January, 1921.

The Geological Survey has made the following preliminary estimate of the coal production of the world
for the past three years, in metric tons of 2,204.6
pounds each. The figures vary slightly from the
monthly averages given in the detailed tables elsewhere
in this issue.

DIAGRAM 7.—PRODUCTION OF PIG IRON AND STEEL INGOTS, AND
U. S. STEEL CORPORATION'S UNFILLED ORDERS.

1919

1920

1921

II
\
/

V
•

* 1

ILLION8 OF TON8

\
\
\
\

1

1

\
\

Australia
Belgium
British India
Canada
China
Czechoslovakia
France
Germany—Coal
Lignite
Japan
Union of South Africa
United Kingdom
United States
Other countries

\

*

\
1\
t
f
\
j
\
j
\
1
\

V

9

>

V

*is«

/
\

4

8

\*

/'

3

1914 19 15

1918

1917 1918

MONTHLY

11
1
1
K S3 (1 U I! i ="iif °i
i I
s

1918 1920 1821

• !

AVERAGE

1,305,000,000 : 1,100,000,000

i

0)

Estimate included in total.
Includes Saar and Upper Silesia.
3 Estimated from 11 months' production.

DEC

1913

I 1,170,400,000

!
I
i
'

13,176,426 ;
22,388,770 !

1
2

>

1

15,088,175 j
13,300,000
19,500,000 :
31,086,479 ;
25,300,000 !
29,000,000
2 140,757,433 i 2 145,400,000
111,634,000 i
120,000,000
29,245,384 i
C1)
11,181,846 i
39,400,000
233,216,071
166,992,000
586,000,000 !
448,600,000
49,068,527 j

!

Totals

2

C1)
21,807,160

10,736,321
18,312,950
22,991,217
12,411,328
23,000,000
26,946,813
22,341,000
2116,500,000
93,800,000
31,461,386
9,313,232
233,467> 478
502,534,410
46,553,865

1990

DIAGRAM 9.—PRODUCTION OP, ANTHRACITE COAL.

192

FUELS.

Production of both anthracite and bituminous coal
rallied in January from the December slump and
bituminous operations were also larger than in November. Coke production made little change. Anthracite stocks on December 31 were six times as large as
a year ago. January exports of both bituminous and
anthracite declined while coke exports increased.
Electric power production'remained the same as in
December.

>

\
———

1 \s A
1 1 1hl\
1/11
V i/l 1
i
III

A
\

A

v

I

1

r

DIAGRAM 8.—PRODUCTION OF BITUMINOUS COAL.
1

11
A

A*
?

2

\

Iu

r
V
\ / \ m~
\ / \ mr
> \ w
\

1

1

1
I

A
/\
JU
f\ \\\

1

l\ *
\
V

/

\

5

0




AVERAGE

•

i\'V*
<a

1920

if!

APR.
MAY
S JUNE
2 JULY
AUQ.
8EPT.
OCT.

MONTHLY

DEC.

?943 1914 1916 1916 1917 1918 1919 1920 192^

OCT.

5

* dlz

913 1014 1916 1916 I9IT 1018 1919 1920 192]
MONTHLY

AVERAGE

Petroleum production made a new high record in
January and stocks increased. Consumption declined
and imports were very slightly less than in December.
Exports of gasoline in January were the largest since
last April. December production of gasoline increased slightly but consumption declined to the
lowest amount since January, 1921—a seasonal condition. Stocks consequently showed a large increase.
No change was noted in the price of crude petroleum
in January.

12
DIAGRAM 10.—PRODUCTION, CONSUMPTION, IMPORTS, AND STOCKS
OP PETROLEUM.

in

7* *

7

T
»
/

7

\

/_

s
ta.

„<*£

|0Q

MIU

L
- '' ^ODUCTioN

- 4»
-

1

1

—• : ^ p p ^ e B "

19 l «
19 3 19 4 1916 1916 10
7 1918 19
MONTHLY
AVERAGE

" "uftilitf sit
1920

1921

J

PAPER ANDJPRINTING.

Production and consumption of mechanical wood
pulp declined in January and stocks increased slightly.
Chemical wood pulp showed increases in production,
consumption, and stocks. Imports of both classes of
pulp declined.
Production and shipments of newsprint and other
paper declined very slightly in January. Stocks increased slightly and exports showed large gains.
Newsprint contract prices declined heavily but spot
prices advanced slightly.
Printing activity continued to increase in December,
making another good gain. Paper purchases by
printers were in about the same volume as in November
but their value somewhat greater. Sales of printing
increased in December.

January imports of rubber declined somewhat but
were twice as large as a year ago. The price of rubber
declined 8£ per cent. During January the consumption of rubber by tire manufacturers increased
17 per cent, and was the largest since August and
three times as large as a year ago.
Rubber tire production in January increased considerably except in regard to solid tires. Domestic
shipments of all kinds decreased, however, and stocks
rose after the December reduction.

DIAGRAM 11.—STOCKS OP CATTLE HIDES (PACKER) AND PRODUCTION AND STOCKS OF LEATHER (SOLE AND BELTING).
400 1
\—

r

rz
\

350 1

300

<O 260
Q

Vr

±

JL
JL

Zf
I

1
\V

z

D

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Y

4-

fe 200
8N0H

RUBBER.

HIDES AND LEATHER.
In spite of a considerable increase in imports of
cattle hides, total imports of hides and skins showed
a negligible increase in January on account of the
decline in other varieties. Stocks of almost all kinds
of green salted hides decreased during December, as
did sheep skins, but dry salted hides increased. Calfskin prices were slightly reduced but cattle hides
remained unchanged.
Production of leather declined in January. The
December census figures showed declines in sole and
belting production but an increase in upper leather.
Stocks showed little change. Exports in January
declined about 25 per cent from December. A slight
reduction took place in the price of chrome calf
leather, but hemlock sole remained the same.
Sales of leather belting declined in December and
were also considerably below those of a year ago.
Exports of boots and shoes declined in January,
after the December spurt, to their previous level,
about one-fourth of the corresponding month last
year. No changes occurred in shoe prices.

-4-

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60

_sc II F- LEATHER

—h-

1

PRODUCTIO^
H -t~ - 1 - - + - - t --

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ii

AUTOMOBILES.

CHEMICALS.

Production of passenger cars increased 15 per cent
and trucks 11 per cent in January. December shipments declined. Purchases of motor accessories were
over twice as large as a year ago, while accounts past
due were half as great; and notes outstanding decreased
22 per cent.

Imports of potash increased slightly in January
while nitrate of soda imports, which had declined to
a low level in December, showed a partial recovery.
Exports of dyes and dyestuffs increased by two-thirds
in January and sulphuric acid and fertilizer had
smaller gains.




13
The price index of crude drugs increased, but
essential oils, pharmaceuticals and chemicals declined.
GLASS.

Glass production, both bottles and illuminating
ware, declined in January. Orders for illuminating
ware increased while shipments declined.
BUILDING CONSTRUCTION.

January building contracts awarded in the 27
Northeastern States amounted to $166,320,000. This
is a decrease of 16 per cent compared with December,
1921, but on the other hand the total has been exceeded only once in the month of January. That
was in January, 1920, when the combination of
business expansion and high prices brought the
amount to $226,116,000. In January, 1921, building
contracts awarded amounted to only $111,608,000.
Business and industrial buildings increased in January, both in floor space and value, compared with
December. All other classes of building showed a
slight seasonal decline. Residential building declined
from 21,901,000 square feet of floor space to 18,083,000
square feet, but this is a larger amount of residential
buildings than has been recorded for any previous
January.
The favorable development of building operations
is of more than ordinary importance because it carries
with it the inevitable demand for material, supplies,
house furnishings, etc.

for January. Stocks of all classes of ware were
reduced except baths, which increased very slightly.
Sales of abrasive paper and cloth, both domestic and
foreign, decreased considerably in December. The
year's sales for 1921 were 38 per cent below 1920 for
domestic trade and 63 per cent below for foreign
trade.
DIAGRAM 12.—VOLUME OP BUILDING CONTRACTS AWARDED, BY
CLASSES.
MILLIONS OF SQUARE FEET
1919 MONTHLY
AVERAGE
1920 MONTHLY
AVERAGE

JANUARY
FEBRUARY
MARCH
APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
JANUARY
FEBRUARY
MARCH

APRIL
MAY
JUNE
JULY
AUGUST
SEPTEMBER
OCTOBER
NOVEMBER

BUILDING MATERIALS.
Production of all kinds of lumber increased slightly
in January, except for a decline in North Carolina
pine and a heavy increase in the Michigan cut, which
is mostly maple. Shipments also increased except
for North Carolina pine and Michigan woods. Stocks
of Southern pine were larger and the price declined,
while no change took place in the price of Douglas fir.
The output of oak-flooring continued to increase in
January, but shipments declined. Stocks were consequently considerably higher. Orders and balance
of unfilled orders increased slightly. Exports of
lumber were almost as high in January as the high
mark for December.
Production of clay fire brick declined considerably,
but shipments increased and consequently stocks declined. Silica brick, on the other hand showed a
good increase in production, a smaller increase in
shipments, but a decline in stocks. Heavy declines
took place in production and shipments of face brick,
while stocks and unfilled orders declined slightly.
Common brick prices were again variable. The price
of cement remained the same.
Greatly increased business both in orders and in
shipments was reported for enamel sanitary ware




DECEMBER

CEREALS.

The usual seasonal declines occurred during January in the visible supply and in receipts and shipments of wheat. The visible supply was almost
twice as large as a year ago, but receipts and shipments were 40 per cent smaller than in the same
month last year. The production of wheat flour increased and continued in advance of last year's
figure. Exports of wheat and flour were almost as
large as in December. Slight advances took place in
the prices of wheat and flour.
Receipts, shipments, and visible supply of corn all
increased during January; shipments and the visible
supply were almost twice as large as in January,
1921, while receipts were about one-third greater.
Exports of corn made a new high record, almost equal
to the total exports in 12 months of 1920. A slight
rise occurred in the price of corn.
Exports of oats, barley and rye decreased in January. Prices of oats and barley advanced, while rye
declined. Total grain exports increased 26- per cent
over December and car loadings of grain products were
20 per cent greater than in December,

14

DIAGRAM 14»—INSPECTED SLAUGHTER, CONSUMPTION,
AND COLD-STORAGE HOLDINGS OP PORK

1

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1913 1914 1916 1916 1917 1918 1919 19

MONTHLY AVERAGE

y
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WWW
1920

pec.

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5

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EXPORTS,

PRODUCTS.

li ill

OCT.

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OCT.

Receipts of cattle increased in January, following
the same trend as a year ago. Shipments were slightly
smaller and slaughter increased. The production of
beef and veal declined in December and was also less
than a year ago. Consumption, however, was greater
than in December, 1920, although less than in November, 1921. Exports and cold storage holdings of beef
products both declined slightly in January. Prices of
cattle and carcass beef declined, but steer rounds increased.
Receipts of hogs increased in January, but little
change occurred in shipments. Slaughter increased.
Inspected production of pork increased, in December,
but was slightly less than a year ago. Consumption
of pork declined slightly. Exports and cold storage
holdings both increased considerably in January. The
price of hogs rose 15 per cent in January and pork
almost as much.
Sheep receipts increased in January, but there was
little change in shipments. Both receipts and shipments exceeded January, 1921. Slaughter also increased in January but was less than a year ago. Coldstorage holdings declined 39 per cent. Large increases
occurred in the prices of lambs.

The total value on January 1, 1922, of these animals
was $4,779,957,000, as compared with $8,165,194,000
two years ago, a decrease of 41.5 per cent.

I

MEATS.

1921

OTHER FOODSTUFFS.
DIAGRAM 13.—INSPECTED SLAUGHTER, CONSUMPTION, AND COLD-

Exports of condensed milk declined in January.
Market receipts of dairy products underwent seasonal
changes about the same as a year ago, with butter and
1
11 1
eggs higher than a year ago, but cheese lower: Storage
\
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holdings of all three products made a seasonal decline
\
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ii
in January; butter and cheese holdings were smaller
?
s
/ 4$
V
than last year, but egg holdings were slightly larger.
T
/<?
J\ M iV A I \ \
1A
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Butter prices declined 16 per cent in January, but
W
\
cheese rose slightly.
\
Vegetable oil imports increased over 50 per cent in
January, while exports were slightly less than in
December. Stocks of cotton seed were greatly
\
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reduced. The production and stocks of cottonseed
/
oil declined also, while the price- rose slightly. Com\
plete figures for the 1921 crush of vegetable oils
\
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shows increased production of both crude and refined
1
oils, while consumption and stocks of crude oil declined
IE
but refined oil stocks and consumption increased.
1913 1914 1916 1916 (917 1918 1919 1920 1921^
MONTHLY AVERAGE
Imports of raw sugar in January were almost double
the December imports and three times as large as a
The Department of Agriculture has announced the year ago. Meltings increased slightly and stocks were
following estimates of live stock on farms, the earlier built up, but remained below the figures of January,
1921, in spite of the greater imports. Exports of
years being revised on the basis of census returns:
refined sugar were twice as large as either the previous
month or January, 1921. Wholesale and retail prices
Jan. 1,1920.
Jan. 1,1921.
Jan. 1,1922.
of sugar, both raw and refined, declined during
19,766,000
19,208,000
Horses
19,099.000
January.
5,427,000
5,455,000
Mules
5 436,000
23,722,000
23,594,000
Milk cows....
24,028,000
Imports of coffee declined but were somewhat larger
43,398,000
41,993,000
Other cattle..
41,324,000
39,025,000
37,452,000
Sheep
36,048,000
than in January, 1921. The world visible supply
59,344,000
56,097,000
56,996,000
Swine
declined slightly, and United States stocks were much
STORAGE HOLDINGS OP BEEP PRODUCTS.

A

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15
smaller than the month before. Receipts in Brazil
declined but clearances increased. Imports of tea
were twice as large as a year ago.
DIAGRAM 15.—IMPORTS. MELTINGS, AND STOCKS OF RAW SUGAR.
600

1
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1919 1920 192!
zo°
MONTHLY '
\\
AVERAGE

—tt___tr_

1

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CIGARETTES,

(Average monthly production in 1913=100.)

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MONTHLY AVERAGE

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DIAGRAM 1 6 . — R E L A T I V E PRODUCTION OF CIGARS,
AND MANUFACTURED TOBACC©.

A
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Production of cigarettes and manufactured tobacco
increased in January, but the output of cigars was less.
Exports of unmanufactured tobacco declined. Stocks
of tobacco on -January 1 increased slightly over the
previous quarter and were higher than a year ago.
There was no change in tobacco prices.

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TOBACCO.

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Z

— MAY
S JUNE
— JULY

i

DIAGRAM 17.—ENTRANCES AND CLEARANCES OF VESSELS IN U. S.
FOREIGN TRADE, AND SHIPS UNDER CONSTRUCTION.

rf_ ... .y.

MAY
§ JUNE
~
JULY
AUQ.
SEPT.
OCT.
NOV.

j

1
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JAN.
FEB.
MAR.

160

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8EPT.
OCT.
NOV.
DEC.
1922 JAN. '

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1913 1914 1916 1916 1917 1918 1919 1920 1921
MONTH LY

AVERAGE

III

t

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0

7
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1

l«8 JAN

400

The cargo carried through the Panama Canal in
December totaled 953,000 tons compared to 855,000
in November, but the total for the year 1921 was 1J
per cent smaller than in 1920. Traffic carried in British vessels surpassed that carried in American vessels
for December, and for the year 1921 it increased
almost 4 per cent over 1920, while American vessels
carried 17 per cent less than in 1920.
Entrances and clearances of vessels in United States
foreign trade each decreased about 20 per cent from
December to January. The number of vessels under
construction continued to decline in January, but
there was an increase in the number of vessels completed.

FEB.
MAR.
APR.
MAY
« JUNE
2 JULY
AUO.'
SEPT.
OCT.
NOV.

460

WATER TRANSPORTATION.

RAILROAD TRANSPORTATION.

A distinct improvement was noted in January's
freight car situation. Surplus cars were reduced 30
per cent from December and were about the same as
a year ago, coal car surplus being considerably larger
and box car surplus much smaller. Shortage of cars
increased, due to much larger box-car requirements
that could not be filled. The number of bad order
cars increased, however. Car loadings increased 1\
per cent over December and were larger than a year
ago by the same proportion. Freight ton-mileage for
December declined and for the year 1921 was 23 per
cent less than for 1920.
Freight revenue for December continued to decline
with the decline in traffic, but passenger revenue increased. Total operating revenues declined, and
operating expenses were also reduced, but to a slightly
less extent, thus bringing net operating income below
the 1913 monthly average,

16
DIAGRAM 18.—SHORTAGE. SURPLUS, BAD-ORDER, AND TOTAL
LOADINGS OP FREIGHT CARS.
1,000
s

960

S
?

1

900
860

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800

T

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^

750

DISTRIBUTION MOVEMENT.
.. s

<

The sales of mail-order houses declined almost 20
per cent in January, due largely to the reaction from
the holiday trade; their actual sales were smaller than
a year ago, but this was caused in great measure by
the reduced price level. Chain-store sales showed an
even greater falling off in January, because their holiday peak was relatively greater; their actual sales for
January were slightly larger than a year ago.
Postal receipts declined from the holiday traffic, but
were slightly larger than in January, 1921. Magazine
advertising almost made up its December loss, but
was still less than a year ago.

\

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660

i 11

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USANDS OF CA

(0 600

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300

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260

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DIAGRAM 20.—SALES OF MAIL-ORDER HOUSES AND CHAIN STORES,
AND POSTAL RECEIPTS.

|

200

100

Immigration continued to decline steadily in December and January with the gradual exhaustion of
the yearly quotas of many countries, effective until
June 30. Emigration, which exceeded immigration
in December, declined over 50 per cent in January.
Postal savings continued their steady decline.

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1917

1918

1919

-MONTH LY

1920

1921...

1

AVERAGE

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LABOR.

V
1

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Employment throughout the United States increased
considerably in January and was about the same as
the average for the year 1920. Employment in New
York State declined 1J per cent in January and the
total pay roll declined 3J per cent. Less unemployment was noted in Pennsylvania at the end of January
than in December but more than in months prior to
December.
DIAGRAM 19.—IMMIGRATION, EMIGRATION, AND IMMIGRATION
QUOTA.
A
II*

\
\

A

\
\
1

7i

-

•

1913 1914 1916 1918 1917 1918 J9I9 1920 19-21
MONTHLY AVERAGE

ii -Aw *ii j i!Iii!Uis H
U !iii

I

PUBLIC FINANCE.

Further slight progress was made in January in the
reduction of the United States interest-bearing debt,
due to the continued contraction in Liberty bond
issues. Customs receipts increased slightly in January. Total ordinary receipts were about 10 per cent
less than a year ago and disbursements declined about
40 per cent, but exceeded receipts by some 20 per cent.
Money in circulation increased for the first time since
the beginning of the decline a year ago.

A1

it
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JO

1917

MONTHLY




1916

1919 1999

AVERAGE

1

\

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1916 1916

I
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1/

ATION

IWIj

BANKING AND FINANCE.

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ft

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MONTHLV T ^
OOTA

t
(

Debits to individual accounts and bank clearings
declined in January, reacting from the heavy December business; this condition was equally true of New
York City and the outside districts. Federal reserve
notes and discounts were greatly contracted during
January, indicating the heaviest liquidation in bank
credits for many months. Total reserves and deposits of the Federal reserve banks continued their

17
increase in January. The condition of member banks the same index number in 1914, which reached a height
of the Federal reserve system at the end of January of 145.
showed similar conditions. Interest rates continued
DIAGRAM 21.—FAILURES AND LIABILITIES, BY YEARS.
to decline, call loans averaging 4£ per cent and commercial paper under 5 per cent.
The crop of failures continued to increase in January but the amount of liabilities was less than the
high mark of December. Dividend and interest payments were slightly larger than a year ago. New
r 26.000-r
capital issues by corporations declined heavily, while
the amount of new incorporations increased. December telephone business was better than a year ago and
earnings greater.
Prices of industrial stocks rose slightly in January
but railroad stocks were a little cheaper. The volume
-20.000--520
of stock sales declined but bond sales, especially
Liberty bonds, increased. Bond prices increased,
with a large rise in industrials. Yields on municipal
bonds rose slightly after a long decline.
Imports and exports of gold declined, Silver imports increased and exceeded exports. Slight de16.000clines took place in silver prices.

iiiiiiifiililiiiiiilflllllilillil

BUSINESS FAILURES.
One of the concomitants of a period of business
depression is an increase in business mortality.
Diagram 21 shows the annual record of failures as
compiled by Dun's Review for the past 32 years.
The increased business mortality, both in number and
in liabilities, in the depression periods of 1893, 1907,
1914 and 1921 is clearly evident.
The year 1921 marks a new record so far as liabilities
are concerned. The total indebtedness of the firms
failing last year amounted to $627,401,000, while
the total liabilities in 1893 were only $346,780,000 and
in 1914, the previous maximum, $357,909,000. The
number of firms failing last year totaled 19,652, which
was a smaller number than in 1915, when the total
was 22,156.
To a very considerable extent the heavy liabilities
involved in last year's failures were due to the high
prices and the consequent increase in the amount of
money necessary to do business. On6 measure of the
volume of business in terms of money value is given
by bank clearings.
If defaulted liabilities are
expressed as the amount per $1,000 of bank clearings
for the same year, it gives a better measure of the
relative importance of these liabilities. Diagram 22
gives a comparison of index numbers showing the
liabilities both as actually reported and in terms of
bank clearings. Using 1913 equal to 100 the 1921
index of liabilities as reported is 230. This is far in
excess of anything recorded before. But if these
liabilities are expressed per $1,000 of bank clearings
the 1921 index number on the same base is only 114.
This is about the same order of magnitude as the
corresponding figure for 1907 and much smaller than
91396—22




3

12.000- -329

-10.000-

•7.600- -195

-5.000--

When considered in their relation to the total
volume of business of the country, defaulted liabilities
in 1921 were relatively less than in 1914.
There is no evidence that the country has yet
passed the peak of its business mortality. The total
liabilities, as reported by Dun's Review, for December
amounted to $87,502,000 and were the highest ever
recorded for a single month. Liabilities in January
dropped slightly to $73,796,000, but the number of
failures increased from 2,444 in December to 2,723
in January. This latter figure is the highest recorded
since January, 1915.
The number of firms failing per 1,000 firms in
business was 10.3 for 1921, which may be compared
with the low point of 3.8 per thousand in 1919 and
with 13.2 per thousand in 1915. This latter figure
marks the peak in this particular for recent years.

18
DIAGRAM 22.—DEFLATED LIABILITIES COMPARED WITH ACTUAL.

DIAGRAM 23-—FAILURES AND LIABILITIES BY MONTHS.

DEFAULTED

!!

\i

iiIs

JAN. 1922

(Ih ii

h

1
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-226-

-200-

1921

1920

DEC.

FAILURES

-LIABILITI

1

NUMBER

J 1921

-4 I Q I T

a

-liooe

1 101 —

0161 6061 8061 -

p 2 5 0 - r -160-r - 1 5 0 - T

Jl9H
1913
1914

.••I

[MILLIONS o

LIABILITIES

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-150- - 9 0 —

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decline. The output of coal in December showed a
considerable increase. Stocks of zinc again declined.
FOREIGN EXCHANGE.
Canadian imports declined 14 per cent in January,
The rise in foreign exchange rates continued during and exports were 46 per cent less, largely a seasonal
January. The greatest relative increases were made decline on account of the decline in wheat exports
in the French, Belgian, Argentine and Canadian at this season of the year. Canadian bank clearings
exchanges, while a decline of 6£ per cent in Chilean declined 16 per cent.
exchange stands out contrary to the general moveJapan's January trade showed an increase of 9 per
ment. The foreign exchange index number increased cent in imports but a decline of 40 per cent in exports.
4 points, the same as in December and only slightly
Industrial activity in Belgium has increased conless than the increase in November.
siderably. January output of iron, steel, and coal
was greater in each case than any month since the
FOREIGN TRADE.
beginning of 1921.
Imports declined Si per cent in January, and ex- DIAGRAM 24.—IMPORTS AND EXPORTS OF THE UNITED STATES.
ports were 6 per cent less than in December. The
T
decline in import trade occurred from all sections of
II
j^" T
the world except North America. Argentina alone
/
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of the more important countries sent us more goods
-lo
t 7\
J\5 '
than in December. Exports declined to all contiT
nents. Slight increases occurred in shipments to
/f
,
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France and Germany.
\
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— o — —-0— — 0—

\

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/

TRADE AND INDUSTRY OF FOREIGN COUNTRIES.

British import trade declined 10 per cent in January,
but export trade increased 6 per cent, due to the large
increase in manufactured articles. The chief increases were in woolens and iron and steel. Pig-iron
production increased, but steel output continued to




r

«

\

Z' \

?*\
-<*
?°*

\

\

\

'
\

/
/
1913 1014 1016 1018 1017 1018 1010 1020 1021
MONTHLY

AVERAGE

ii
f ; .
\r. 7r x^| \
I /i

>l

,^

TREND OF BUSINESS MOVEMENTS.
The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial
movements. The numerical data for the latest months are given and in addition index numbers for the last four months and for two
corresponding months of a year ago. In many lines the figures do not lend themselves readily to statistical uniformity, due to lateness of
heir publication or publication at other than monthly intervals; therefore the following explanations of the various headings are offered
to make clear such distinctions and in general to facilitate the use of the table:
December, 1921.—This column gives the December figures corresponding to those for January shown in the "January, 1922,"
column—in other words, cover the previous month, and in some cases, where indicated by a footnote, refer to the previous
quarter; that is, ending October 1, 1921.
January, 1922.—In this column are given the figures covering the month of January, or, as in the case of stocks, etc., the situation
on January 31, or February 1. In a few cases (usually where returns are reported quarterly only) the figures are for the quarter
ending December 31 or the condition on that date. Where this column is left blank, no figures for January were available at
the time of going to press (March 8).
Corresponding month, December, 1920, or January, 1921.—Thefiguresin this column present the situation exactly a year previous to
those in the *'January, 1922," column (that is, generally, January, 1921), but where no figures were available for January, 1922,
the December, 1920, figures have been inserted in this column for comparison with the December, 1921, figures. In the case of
quarterly figures this, column shows the corresponding quarter of 1920.
Cumulative for calendar year.—These columns set forth, for those items that can properly be cumulated, the cumulative total for the
calendar years 1920 and 1921, respectively.
Percentage increase (-J-) or decrease ( —) cumulative 1921 from 1920.—This column shows the per cent by which the cumulated total for
the calendar year 1921, is greater (+) or less ( —) than the total for the year 1920.
Base year or period.—For purposes of comparison with a previous more or less normal period, all items, so far as possible, are related to
such a period by index numbers. The period taken for each item, called the base, is the monthly average of the year or period
stated in this column. Wherever possible, the year 1913 is taken as a base, and if no prewar figures are available, 1919 is usually
taken to avoid using a war year as a basis. In some cases it will be noted that figures were not available prior to 1920 or even 1921,
and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more representative year has been chosen.
Index numbers.—In order to visualize the trend of each movement, index or relative numbers are given for the last four months and
for two corresponding months of a year ago. These index numbers are computed by allowing the monthly average for the base
period, usually 1913 or 1919, to equal 100. If the movement for a current month is greater than the base the index number will
be greater than 100. If the converse is true the index number will be less than 100. The difference between 100 and any index
number gives at once the per cent increase or decrease compared with the base period. Index numbers may also be used to compute the approximate per cent increase or decrease from one month to the next.
Percentage increase (-f) or decrease ( — ) January from December.—The last column shows the per cent increase or decrease of the figure
for the last month compared with the preceding month.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of
the SURVEY ( N O . 6).

Dec.,
1921

Jan.,
1922

INDEX N U M B E R S .

Percentage
increase

Corres- CUMULATIVE TOTAL
ponding FOR CALENDAR YEAR
month,
Dec.,
1920,
or
Jan.,
1920
1921
1921.

(+)

or decrease
(-)
cumulative
1921
from
1920.

1920 1921

1921

1922

BASE
YEAR
OR
PERIOD.

Percentage increase
or decrease

Dec. Jan. Oct. Nov. Dec.

Jan.

from
Dec.

TEXTILES.
Wool.
Consumption by textile mills
thous. of lbs..
Receipts at Boston:*
Domestic*
.thous. of lbs..
Foreign*
thous. of lbs..
Total*
thous. of lbs..
Imports, unmanufactured
thous. of lbs..
Machinery activity:
Looms, wide
per ct. of hrs. active..
Looms, narrow
per ct. of hrs. active..
Looms, carpet and rug. .per ct. of hrs. active..
Sets of cards
per ct. of hrs. active..
Combs
perct. of hrs. active..
Spinning spindlesWoolen
per ct. of hrs. active..
Worsted
per ct. of hrs. active..
Looms and spindles:
Woolen spindles
per ct. of active to total..
Worsted spindles
per ct. of active to total..
Wide looms
per ct. of active to total..
Narrow looms
per ct. of active to total..
Carpet looms
per ct. of active to total..

64,237

61,884

15,091
4,092
19,183
12,520

13,825
13,061
26,886
22,152

574,777

656,807 + 14.3

1913

60

74

168

163

159

153 -

3,465

105,709

16,608

168,356

143,720 + 36.0
199,353 -I- 18.4
343,074 + 25.2
320,666
23.5

1913
1913
1913
1913

39
150
70
106

26
315
107
167

81
50
72
72

81
90
84
87

112
78
102
99

103
247
143
175

8.4
+219.2
+ 40.2
+ 76.9

11920-21
i 1920-21
11920-21
i 1920-21
11920-21

55
52
92
54
48

49
60
79
64

123
131
151
130
129

117
133
157
125
122

110
130
152
116
128

106
122
165
120
125

+
+
-

11920-21
11920-21

50
49

56
62

129
128

123
122

118
120

118
120

1913
1913
1913
1913
1913

53
66
58

53

104
124
104
103

101
122
99
107
109

97
118
95
108
109

95
116
89
100
115

30,072

20,073

274,063

21,169

259,618

67.1
72.2
70.3
72.9
98.6

76.1

36.5

75.4

35.7

96.3

49.0

74.4
86.2

74.6

35.5

86.1

44.7

75;
87,

64.8

30.0

68.0

33.3

73

41
57

70 I

46

79 |

51

74 I

50

»Twelve months average, November, 1920, to October, 1912, inclusive.




(19)

70
79

57

77
62
70
74

3.6

3.6
6.2
8.6
3.4
2.3
0.0
0.0

+

2.1
1.7
6.3
7.4
5.S

20
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of
the SURVEY (NO. 6).

_
| CUMULATIVE TOTAL
i Corres- | F O R CALENDAR YEAR.

Dec.,
1921

Jan.,
1922

i ponding;
;i month,
i! Dec.,
;| 1920,

1920

INDEX NUMBERS.

Percentage
increase

1921

1921.

ordecumu
lative1921
from
1920.

920 1921

BASE
YEAR
OB
PERIOD.

Percentage in1922

1921

(+)

or decrease
Dec.

Oct.

Nov. I Dec. ] Jan.from
Dec.

TEXTILES—Continued.
Wool—Continued.
Prices:
Raw wool to producer
Raw wool, Boston
Worsted yarn
Woolen dress goods
Men's suitings
:

dolls, per l b . .
dolls, per l b . .
dolls, per l b . .
dolls, per y d . .
dolls, per y d . .

0.169
.5273
1.250
.815
2.835

0.180
.5818
1.278
,815
2.835

j
j 0.196
| .5455 |
t
I 1.15 !
| 1.047
3.06

1913
1913
1913
1913
1913

117
114
148
186
198

107
148
145
184

101
110
161
145
184

j
|
|
|
•

108 + 6.5
122+ 10.3
2.2
165
0.0
145
0.0
184

Cotton.
Consumption by textile mills
bales. 511,800 526,552 j 366,270 I 5,842,072 5,405,213 — 7.5
Stocks, end of month:
1,738
1,675
1,273
Mills
thous. of bales.
5,177
4,618
5,645
Warehouse
thous. of bales.
4,544
4,202
4,822
Visible supply
thous. of bales.
42,093
61,006
24,024
Imports, unmanufactured
277,897 - 53.7
599,889
639,825 475,910 605,381 6,159,132 6,474,105 -f 5.1
Exports, unmanufactured
lanufactured goods:
Cotton cloth exports
thous. of y d s . . 39,842 a 31,037
37,487
551,525 - 32.6
818,751
Fabric consumption by tire mfrs.thous. of lbs..
6,365
7,707
80,356
2,598
Elastic webbing sales
thous. of yds.. 13,193
149,098 - 7.3
4,932
160,843
Machinery activity—spindles:
34,458
31,509
Active
thousands.. 34,489
7,726
7,932
Total activity
mills, of hrs..
210
215
Activity per spindle
hours..
Prices:
.155
.163
Raw cotton to producer
dolls, per lb.
.118
.1834
.1790
Raw cotton, New York
dolls, per l b .
.1670
.3817
Cotton yarn
dolls, per lb.
.3650
.3355
Print cloth
dolls, per yd.
.0578
.0578
.0578
.1065
Sheeting
!. .dolls, per yd.
.0953

1913

61

76

109

106

109 J U

1913
1913
1913
1913
1913

93
319
158
127
108

95
321
157
118

123
299
151
253

130
294
148
300

125

1913
1920-21
1919

120
49
32

1913

99

1913
1913
1913
1913
1913

121
143
170
168

2.9

- 10.8
137 - 7.b
207 - 31.0
65 - 25.6
a 84 - 22.1
231 + 21.1

114 +
+

114

0.1
2.7
2.4

-

4.9
2,4
4.4
0.0
8.0

129
140
148
168
160

148
154
170
186
168

135
142
160
174
172

137
143
154
168
174

31
7

153
17

536
105
52

445 jl ,020 +129.2
115 154 + 33.9
57
20 - 52.6

173

384
154

401
158

120
83
30
197

204
70
38
209

136
113
48
186

148
39

128

111 I - 13.0
51 I - 41.8

!-

K n i t Goods.
Orders received
per ct. normal production.
Shipments
per ct. normal production.
Cancellations
per ct. normal production.
Unfilled orders end of
month
per ct. normal production.
Production
per ct. normal production.

49.8
58.7
3.1

114.2
78.7
1.1

44.7
15.7
.4

214.
77.0

223.5
79.0

56.3 j
17.4

thous. of lbs.
bales.
bales.
dolls, per lb.

5,824
20,930
24,804
7. 595

3,881
33,842
31,139
6.762

709
30,058
22,176 6 196,128
31,859
5. 782

45,355 + 50.9
323,286 + 64. 8

thous. of lbs.
long tons.

43,448
25,110

37,781
14,612 |

48,903
19,374

474,168
244,899

3 1920
3 1920
3 1920
i
3 1920
3 1920

19
22

101
35

357
175

1913
Feb.,192C
Feb., 192C
1913

34
31
68
155

25
74
49
159

110

4.4
2.6

Silk.
Imports, raw
Consumption, raw
Stocks, raw; end of month
Prices, raw, Japanese, N. Y

166

+
;+
I-

33.4
61.7
25.5
11.0

Burlap a n d Fiber.
Imports:
Burlap*
Fiber (unmanufactured)*

568,780
405,801

16.6
39.7

1909-13
1909-13

54.6
51.1
55.3
72.5

1913
1913
1913
1913

106
110
21!
5:

94
104
239
64

49
76
47
52

55
78
55
41

64
67
59
41

64
75
69
50

1913
Mar.,1921

138

128

73
105

72
97

72
83

0.6
72 93 + 12.0

METALS.
Iron a n d Steel.
Production:
Pig iron
thous. of long tons.
Steel ingots
thous. of long tons. .J
Exports
thous. of long tons..
Imports
thous. of long tons..
Unfilled orders, U. S. Steel Corp.,
•ud of month
thous. of long tons..
Foundry production, Ohio
per ct. of normal..

1,649
1,695
134
11

i
j
j
j

1,639
1,892
157
13

2,416 !
2,617
546
17

4,268 j
20.80 !

4,242
23.13

7,573

36,414 !
40,893 !
4,944 j
440

16,544 2,208 121 -

-0.6
+ 11.6
!+ 17.2
!+ 18.2

• Six months average, November, 1920, to April, 1921.
' Six months average, July to December,
a Beginning with January, 1922, figures are in square yards, For the present these are compared directly with linear yards in earlier months. Stated in square yards
the total will probably average slightly less than in linear yards.
& 11 months cumulative beginning February.




21
TREND OF BUSINESS MOVEMENTS--Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures tor these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of
the SURVEY (NO. 6).

CUMULATIVE TOTAL
Corres- FOR CALENDAR YEAR.

Dec.,
1921

ponding
month,
Dec.,
1920,
or
Jan.,
1921.

Jan..
1922

I N D E X NUMBERS.

Percentage
increase
or decrease

1920 1921

BASE
YEAR
OR
PERIOD.

cumulative ;
, 1921
from
1920.

cent1922 age increase

1921

or decrease

1921

Oct. Nov. Dec.

Dec.

Jan.

1913
1913
1913
1913
1913
1913
1913
1913

236

211

143

142

137

216

198

128

128

128

1913

1920
1920

1920

&
from
Dec.

Jan.

METALS—Continued.
Iron and Steel—Continued.
Wholesale prices:
Pig iron—
Fdry., No. 2,northern.dolls, per long ton.
Bessemer
dolls, per long ton.
Steel billets, Bessemer
dolls, per long ton.
Iron and steel
dolls, per ton.
Composite pig iron
dolls, per ton.
Composite steel
dolls, per 100 lbs.
Composite finished steel
dolls, per 100 lbs.
Structural steel beams
dolls, per 100 lbs.

21.96
21.96
29.00
33.99
20.42
2.23
2.11
1.50

21.26
21.56
28.00
33.45
20.42
2.17
2.06
1.50 1

33.84
33.96
43.50
51.98
32.62
3.25
3.06
2.50

i
;

169

169

113

113

113

203

197

135

132

129

133 - 3.2
126 - 1 . 8
109 - 3 . 4
127 1.6

235

212

137

136

132

132

191

189

134

133

130

126

187

184

134

128

127

124

- 2.7
-2.4

180

162

116

109

99

99

0.0

93

72

25

9

29

25

- 14.6

47

20

74

70

55

89

95

88

85

83

100

211

166

158

100

197

154

104

36

109

112

80

81

+

84

24

22

18

25

+ 19.0

78

74

103

87

75

82

81

83

86

86

- 13.6
0.0

+ 7.7

0.0

Locomotives
Shipments*

number.

89

76

220

2,392

1,344 - 43.8 | |

Finished Iron and Steel.
Sheets, blue, black, and galvanized:
Production
per ct. of capacity.
Stocks
per ct. of capacity.
Steel barrels:
Shipments
barrels.
Production
per ct. of capacity.
Structural steel, sales
long tons.

40.1
39.2
124,006
13.3
71,500

:

42.0
43.4 i

14 9
45 1
1,344,498
32,058

1,161,422

623,613

472,028
628,447 + 0.8

72,100

53

1913
1913
1913

758,263 - 34.7

25,848 i 85,929
53,130
54,855
.136
.129

Jan ,1921
Jan ,1921
1913

59
87

0.8

Copper.
Production*
Exports
Wholesale price, electrolytic

thous. of lbs.
thous. of lbs.
dolls, per lb.

18,595
61,518
.136

Zinc.
Production
Stocks, end of month
Imports
Receipts, St. Louis
Shipments, St. Louis
Wholesale price, slab, western
Production in Belgium*

thous. of lbs.
thous. of lbs.
thous. of lbs.
thous. of lbs.
thous. of lbs.
dolls, per lb.
short tons.

44,026
133,216

47,412
131,356

51,832
151,906

959,544

266

58

947

20,016
34,593
.053
8,122

19,442
29,052
.051
9,092

21,539
28,002
059
9,161

45,038
379,732
498,570

Tin.
Stocks, end of month
Imports
Wholesale price, pig tin

tons.
thous. of lbs.
dolls, per lb.

1,696
8,880
.326

1,331
9,103
.320

2,546
2,584
.355

thous. of lbs.
thous. of lbs.
dolls, per lb.

14,006
4,318
.047

19,500
8,514
.047

7,311
4,445
.050

132,287
87,607

30,895
5,984

40,270
8,321
1,518
2,278

558,176
89,067
20,980

1,860

37,600
6,258
496
1,903

3,810
4,636

3,790
4,848

3,541
5,354

43,963
61,362

431,186 - 55.1
!

92,880

126,038

98

50

73

76

82

187

174

165

164

162

26

18,930 - 58.0
162,587 - 57.2 ;
248,867 - 50.1 1 1913
' 1913
73,271 - 21.1
1919

90

I 175

1913
1913
1913
1913

26

0

1

7

2

70
102

-

1.4

- 78.2
- 2.9
- 16.0
— 3.8
+ 11.9

122

78

62

69

72

123

99

86

88

122

103

101

88

89

90

88

121

118

78

88

105

117

1913
1913
1913

155

138

111

71

92

72

62

27

72

93

95

76

79

46
61

65

73

125,876 - 4 . 8 ! 1913
58,395 - 33.3
1913
1 1913

220

133

182

168

256

356

35

51

65

44

49

97

+ 39.2
- 97.2

109

113

107

107

107

107

0.0

132

101 i 110
97 ! 99

90

77

94

+ 21.7

90

78

82

15

17

18

18

164

167

176

180

+ 4.6
- 3.5
+ 2.3

112
118

117

117 - 0 . 4

103

108

54,201 - 57.0

— 21.5
+ 2.5
71
18

Lead.
Receipts, St. Louis
Shipments, St. Louis
Wholesale price, pig, desilverized

FUEL AND POWER.
Coal and Coke.
Production:
Bituminous coal
thous. of short tons.
Anthracite coal
thous. of short tons.
Beehive coke
thous. of short tons.
By-product coke
thous. of short tons.
Public utility electric
power
mills, of kw. hours.
.Shipments, anthracite....,,. .thous. of long tons.




514

407,637 - 27.0
87,278 - 2/0
5,561 - 73.5
19,918

1913
1913
1913
1913

40,929 - 6 . 9
65,174 + 6.2

1919
1919

i

109
54

41 !

115

|

109 !

110

128

119 i

131

+

4.6

22
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of
the SURVEY ( N O . 6).

(

CUMULATIVE TOTAL
Corres- FOR CALENDAR YEAR.

Dec.,
1921

Jan.,

ponding
month,
Dec.,
1920,
or
Jan.,
1921.

1920

I N D E X NUMBERS.

Percentage
increase

-y

or decrease
(-)
cumulative
1921
from
1920.

1921

1920 1921

1921

1922

BASE
YEAR
OR
PERIOD.

Percentage increase
or decrease

Dec.

Jan.

Oct. Nov. Dec.

Jan.

Jan.
from
Dec.

FUEL AND POWER—Continued.
Coal a n d Coke—Continued.
Storage, anthracite
Exports:
Bituminous
Anthracite
Coke
Wholesale prices:
Bituminous*
Anthracite, chestnut*
Retail prices:
Bituminous*.Anthracite:
Stove*
Chestnut*

thous. of long tons.

3,747 j .

thous. of long tons.
thous. of long tons.
thous. of long tons.

770 j

644

306 !

224

dolls per short ton.
dolls, per long ton.

Jan., 1921
2,248

34,396
4,824
819

20,660
4,178 - 13.4
275 - 66.4

100

568

584

1909-1913

244

205

121

-70

59 - 16.4

1909-1913

129

101

107

114

106

78 - 26.8

1909-1913

106

52

31

42

32

41 + 30.4

30

38

3.85 j
10.65 j

3.75
10.64

5.60
10.64

1913

323

255

186

186

175

171 -

1913

199

200

201

201

201

200

dolls per short ton.

10.27 !

9.90

11.82

1913

227

218

192

190

189

182

dolls, per short tons.
dolls, per short tons.

15.09 i
15.13 |

14.97
15.01

15.99
16.13

1913

207

195

195

195

194

204

191

191

191

41,957 | 43,326
183,890 1 195,444
47,785 45,882
13,753 13,097
19,397

38,271
125,226
48,375
13,193
18,481

439,031
35,990
313,001
586,087
2,250

-

1913

206

thous. of
thous. of
thous. of
thous. of
thous. of

bbls.
bbls.
bbls.
bbls.
bbls.

thous. of gals.
thous. of gals.
thous. of gals.
thous. of gals.
dolls, per bbl.

49,856

2,250

443,402

+

5.9

1.1

-

Petroleum.
Crude petroleum:
Production
Stocks, end of month
Consumption
Imports
Shipments from Mexico
Gasolene:
Production
Exports
Domestic consumption
Stocks, end of mo
Price, crude petroleum

0.3

3.6

190 -

0.8
0.8

1913

188

172

183

203

+

3.3

1913

117

118

164

168

175

186 +

6.3

525,407
0.1
125,307
15.3
181,110 + 17.8

1913

206

227

207

211

219

210 -

40

1913

884

889

784

876

-

4.8

1913

816

856

776

814

464,393 4,882,546 5,153,548 + 5.6
54,065
635,755
524* 279 - 17.5
295,262 4,258,172 4,516,586 + 6.1
462,382
3,400

1919

141

140

134

131

133

1919

212

176

154

150

117

1919

103

103

159

122

109

524,723
108,651
153,764

1919

98

121

97

105

124

1913

375

364

166

228

241

163

0.0

241

PAPER AXD PRINTING.
Wood pulp, mechanical:
Production
sh ort tons. 121,804 109,175 140,999
Consumption and shipment
short tons. 114,087 101,957 123,661
Stocks, end of mo
short tons. 123,080 125,298 146,964
Imports
short tons.
28,498 20,920
14,076
Wood pulp, chemical:
Production
short tons. 151,031 157,746 I 134,354
Consumption and shipment
short tons. 147,380 158,774 j 123,524
Stock, end of month
short tons.
46,843 50,815 | 53,853
!
Imports
: — s h o r t tons. 117,068 95,525 \ 35,478
Newsprint:
Production
short tons. 107,877 105,808 123,830
Shipments
short tons. 107,070 103,192 116,176
23,934 26,550
Stocks
short tons.
32,417
Exports
thous. of lbs.
3,198
4,963
5,073
All other paper:
Production
short tons. . 400,407 | 400,387
!
Shipments
short tons. . 396,497 ! 391,676 269,747
j
I
Stocks
short tons. . 229,710 | 238,421 216,524
|
Exports, printing
thous. of lbs. J 4,686 I 6,841
16,369
Prices, newsprint:
Contract, domestic
dolls, per 100 lbs.
• 4.102 ; 3.756
6.076
Contract, Canadian
dolls, per 100 lbs.
4.018 | 3.484
6.385
Spot market, domestic
dolls, per 100 lbs.
3.666 I 3.685
6.945
Printing:
Activity
weighted index number.
Paper purchases, quantities.. .index number.
Paper purchases, value
index number.
Sales
index number.




1,578,300

1,268,012

19.7

1919

121

117

90 | 101

90 - 10.4

1,587,693

1,274,563

19.7

1919

104

102

84

93 I 95

1919

84

95

77

75 1

1909-1913

135

84 - 10.6
81 +
1.8
127 - 26.6

232,508

192,002 - 17.4

80

160

216

173

2,257,871

1,532,926

32.1

1919

97

83

94

101

94

+

2,226,429

1,529,607

31.3

1919

94

77

99

102

92

+ 7.7
94 + 8.5
374 - 18.4

1919

100

79

80

87

1909-1913

139

221

279

459

673,849

533,484 - 20.8

1,511,968

1,226,189 j 18.9

1919

109

108

91

1,502,574

1,227,018 | 18.3

1919

105

101

91

1919

103

135

97

1913

92

92,446

33,694 - 63.6

35

5,822,646

4,134,082

29.0

1919

80

74

110

108

5,781,961

4,081,005 1

29.4

1919

75

67

112

106

1919

88

101

103

105

73,887 - 60.7

1913

194

171

30

38

187,875

1919

160

163

113

113

1919

158

175

111

110

1919

183

162

95

97

Sept.,1920

105

82

90

75

111

105

1918

141

113

98

90

1918

184

180

146

139

94 ! 92 i~ 1 9
.
90 i 3.6
—
100 i 111 + 10.9
44! 70 + 58.6

9J
3

100 ; 100 |
j
98 !

111 j 111 |+
49 j

110
110
85

0.0

97 I - 1 . 2
3.8

72 ||+ 46.0

101 - 8.4
95 - 13.3
86 + 0.5

84

1918

44

105
93
149

1 "* **

23
TREND OF BUSINESS MOVEMENTS—Continued.
Percentag
increas

NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of

Corresponding
month,
Dec,
1920,
or
Jan.,
1921.

the SURVEY (NO. 6).

RUBBER.
Crude:
..thous. of lbs..
Imports
..thous. of lbs..
Consumption by tire mfrs
Wholesale price, Para Island,
N. Y
thous. of lbs..
Tires:
ProductionPneumatic
thousands..
Solid
thousands..
Inner tubes
thousands..
Domestic shipmentPneumatic
thousands..
Solid
thousands..
Inner tubes
thousands..
Stocks, end of monthPneumatic
thousands..
Solid
thousands..
Inner tubes
thousands..
AUTOMOBILES.
Production:
Passenger cars
number..
Trucks
number..
Shipments:
By railroad
carloads
Driveaways.
no. of machines..
By boat
no. of machines..
Accessories:
Purchases
thous. of dolls.. j
Accounts past due
thous. of dolls.
Notes outstanding
thous. of dolls.
GLASS.
Bottles:
Production
index number.
Illuminating glassware:
Net orders
per ct. of capacity.
Actual production
per ct. of capacity.
Shipments billed
per ct. of capacity.
BUILDING AND CONSTRUCTION.
Buildings.
Building volume
index number
Building costs
index number
Concrete factory costs
index number
Contracts awarded,floorspace:
Business buildings
thous. of sq. ft
Industrial buildings
thous. of sq. ft..
Residential buildings
thous. of sq. ft..
Educational buildings
thous. of sq. ft..
Hospitals and institutions
thous. of sq. ft..
Public institutions
thous. of sq. ft..
Social and recreational bldgs. .thous. of sq. ft..
Religious and memorial bldgs.thous. of sq. ft..
Grand total
thous. of sq. ft..
Contracts awarded, value:
Business buildings
thous. of dolls.. 22,056 23,696
Industrial buildings
thous. of dolls.. 14,553 19,695
Residential buildings
thous. of dolls.. 100,897 75,728
Educational buildings
thous. of dolls.. 15,046 12,067
5,369
Hospitals and institutions
thous. of dolls.. 6,343
942
Public institutions
.thous. of dolls.. 2,143
Public works and utilities
thous. of dolls.. 27,833 18,735
6,356
Social and recreational bldgs. .thous. of dolls.. 6,149
3,367
Religious and memorial
thous. of dolls..
166,320
Grand total
thous. of dolls..
Fire losses
thous. of dolls..
* Six months average, November, 1920, to April, 1921.




INDEX NUMBERS.

CUMULATIVE TOTAL
FOR CALENDAR YEAR

105
111 j
108 !

76 i 133
79 ! 125
76 ! 148

107 ! 103
103 103
106 102

195,153
144,377
22.244
238,074 j
62,054
50.714

118
91
169 |4,169
152 152
82,435
127,830
137,525
26,278
6,278
2,831
12,360
5,065
400,602

'
\
,

!

65,240
35,773
204,568
40,583
10,684
3,020
17,476

419,653
331,946
173,325
588,963
877,845
566,122
243,833
172,298
70,145
47,543
22,314
26,648
459,184
566,346
108,598
91,127
60,399
41,354
2,533,224 2,359,775
332,656
330,856

24
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.

Percentage

I

NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of

Corres-

Dec.,
1921

the SURVEY (NO. 6).

Jan.,
1922

CUMULATIVE TOTAL
yoR

pondingj
month, j
1
Dec., i
1920,
Jan., !
1921. ;

CALENDAR YEAR.

M»

1921

or decrease
(-)
cumulative
1921
from
1920.

J
BUILDING AND CONSTRUCTION—Con.
Lumber.
Southern pine:
Production
M ft. b. m . . 389,832 396,120 291,843 I 4,296,371 4,505,259 + 4.9
Stocks, end of month
M ft. b. m . . \} 125,9791,172,652 L, 302,849
Price, "B " and better. .dolls, per M ft. b. m..| 43.57
41,91 ! 36.89
Douglas
fir:
j
j
Production (computed)
M ft. b. m . . 346, 634 350,081 163,391 4,570,209 3,572,847 - 21.8
Shipments (computed)
.M ft. b. m . . 301,688 330,831 182,192 4,018,974 3,582,064 - 10.9
Price No. 1 common
dolls, per M ft. b. m..] n . 50
n . 50
15.50
Michigan hardwood:
i
j
Production
M ft. b. m . . 13,972 19,471 j 19,961
231,730 - 30.8
334,860
Shipments
M f t . b . m . . 18,549 16,601
8,732
196,676 - 25.7
264,698
Western pine:
Production
Mft.b.m..; 37,145 38,183 24,698
893,249
Shipments
M ft. b. m. j 82,505 84,989 j 42,793
922,079
North Carolina pine:*
j
!
Production*
Mft.b.m..| 43,190 42,490
11,221
402,164
361,970 - 10.0
Shipments*
Mft.b.m..! 40,530 32.270
15,883
348,628 - 2 . 5
357,490
Oak
flooring:
i
Production
M f t . b . m . . 17,510 19,262
4,269
148,929 + 15.5
128,936
Shipments..
M f t . b . m . . 18,065 14,970
4,182
163,134 + 74.3
93,598
Ordersbooked
M f t . b . m . . 13,070 13,606
5,217
168,690 +121.6
76,115
Stocks, end of month
M ft. b. m . . 21,763 27,467 39,949
Unfilled orders, end of month
M ft. b. m . . 20,888 21,230
3,620
Exports, planks, scantlings, and joists. .M ft. b. m.. 151,268 148,675 86,182 1,551,358 1,204,817 - 22.3
Brick.
Clay
fire:
|
Production *
per ct. of capacity..
Shipments*
perct. of capacity..
Stocks, end of month. 4
per ct. of capacity..
Silica:
Production
thousands..
Shipments
thousands..
Stocks, end of month
thousands..
Face brick:
Production
thousands..
Stocks in sheds and kilns .\
thousands..
Unfilled orders
thousands..
Shipments
'
thousands..
Prices:
Common red, N. Y
dolls, per thous..
Common salmon, Chicago dolls, per thous..
Cement.
Production
thous. of bbls..
Shipments
thous. of bbls..
Stocks, end of month
thous. of bbls..
Price, Portland
dolls, per bbl..

43.2
38.9
184.4

38.3
39.8
176.2

67.7
57.7
150.4

4,754
7,321
38,812

6,581
8,246
36,344

10,866
8,066
37,035

178,850
186,960

69,536 - 61.1
66,624 - 64.4

38,444 25,331
160,961 154,285
34,755 31,799
23,151 14,902

17,833
154,092
28,392
8,704

541,836

428,174 - 21.0

14.50
8.93

15.23
8.40

334,209

1913
1913

16.50
11.31

j
6,559
3,697
11,938
1.50

1.50

1.95

38,818
53,140
41,993

48,425
53,422
58,420

22,444
90,303
16,340

617,395
251,416
421,284

number.. 45,176 63,047
number.. 111,834 102,190
number.. 49,961 80,124

46,811
69,052
47,846

617,258
519,618
641,255

1913
1913
1913
1913

195

- 19.3
+259.5
+ 16. S

1919
1919
1919

82
138
12

65! 183
214 ! 71
23 | 89

148
96
59

112
126
60

698,033 + 13.1
1,311,814 +152.5
675,780 + 5.

1919
1919
1919

125
32
27

102J

120
72
70

99
80
68

95,051

Enamel Sanitary Ware.
Baths:
Orders shipped*....
Stocks*
Orders received *
Lavatories:
Orders shipped *.
Stocks*
Orders received *

i

number..
number..
number..

«These figures are based upon revised data, details of which will appear in April issue.




498,117
903,883
490,934

49
65

169
67
111

+ 39.6
- 8.6
+ 60.4

25
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of

( }

t

CUMULATIVE TOTAL
FOR CALENDAR YEAR.

Dec,
1921

the SUBVEY (No. 6).

Jan.,
1922

I N D E X NUMBERS.

Percentage
increase

Corresponding
j month, | —
Dec.,
1920, !

or decrease

(-)

cumulative
1921
from
1920.

1921
192.1

1921

1920 1921

Percentage increase

1922

BASE
YEAR
OR
PERIOD.

or decrease
Dec.

1919
1919
1919

Ill
50
25

75
64
54

103
63
26

Oct. Nov. Dec,

Jan.

104
82
54

Jan.

from
Dec.

BUILDING AND CONSTRUCTION—Con.
Enamel Sanitary Ware—Con.
Sinks:
Orders shipped *
Stocks *
Orders received *
Miscellaneous:
Orders shipped *
Stocks *
Orders received *

number.. 57,430
number.. 133,014
number.. 62,222

73,877
129,586
84,791

40,979 |
80,752 '
47,243

722,776 ; 797,493 + 10.3
795,996 | 1,341,166 + 68.5
690,021
774,922 + 12.3

170

71

28.6
135
103 I - 2.6
96 | 36.3

97
115
71

91

110

105
106
71

130

85

137
41.1
104 I - 9.2
130 + 82.6

I
number..
: . . .number..
number..

27,518
91,643
29,879

29,494
65,831
22,553

372,747
568,925
332,291

403,683 + 8.3
1,072,726 + 88.6
381,641 + 14.9

1919
1919
1919

25,341
8,061

38,831
83,242
54,545

887,623
137,711

551,379 - 37.9
51,365 - 62.7

1919
1919

154

117

103

101

108

75

Abrasives.
Domestic sales
Foreign sales

reams.. j 45,195
reams..
4,280

i

37

88

39 .
48 :

88

80

44

64

53

HIDES AND LEATHER.
Hides.
Imports:
Total hides and skins
Calfskins
Cattlehides
Goatskins
Sheepskins
Stocks, end of month:
Packer hides, green s a l t e d Cattle hides
Calf and kip
Other hides and s k i n s Green s a l t e d Cattle hides
Calf and kip
Dry salted:
Cattlehides
Calf and kip
Sheep and lamb
Prices:
Green salted, packers' heavy
native steers
Calfskins, country No. 1

I
j
thous. of lbs.. 27,686
thous. of lbs..
3,907
thous. of lbs.. 13,337
thous. of lbs..
5,757
thous. of lbs.. i 4,031

j

27,833 !

21,961
1,645
15,934 i | 14,699
5,530 i
2,027
3,213 ij 2,073

2,272 I




+
-

31.8
36.4
34.5
21.3
44.6

1909-13
1909-13 :
1909-13
1909-13
1909-13

50
20
84
17
39

51
24
77
25
39

61

97
55

65
33
83
67
61

35
62
67
84

58

22,570

51920-21
51920-21

108
98

106
179

70
57

112,717
32,766

51920-21
*1920-21

94
98

101
101

95
97

96
100

97
94

18,101
4,809
34,433

5 1920-21
s1920-21
»1920-21

103
83
105

110
83
100

94
131
99

98
117
102

103
132
96

103
75

91
81

80
82

86
77

72
66
70
98
90

63
95
44
92
76

86
132
59
114
146

0.0
1.4

65
50

.thous. of lbs.. 116,239
.thous. of lbs.. 31,167

+ 0.5
! - 41.8
+ 19.5
3.9
- 20.3

90
73

59

52

253,676

I

.thous. of lbs..! 18,216
.thous. of lbs..! 7,678
.thous. of lbs.. 31,654

dolls, per l b . . j
dolls, perlb..!

. 165
.140

.165
.138

1913
1913

.168
.153

!
i

1,191
14,234
42,236
23,901
43,436

18,423
159,284
,153,690

17,841 3.2
199,836 + 25.5
677,766 - 41.3
176,158
428,902

1919
1919
;
1919
5 1920-21
5 1920-21

93
134

91
117
63
137

6 1920-21
5 1920-21

96
102

102
102

107
99

106
99

109,653
135,767

* 1920-21
»1920-21

98
89

96
89

104
116

103
115

1913
1913

41
55

111
40

80
42

90
66

1913
1913

145
213

142
194

121
194

121
185

2,903
3,508
.400 i

.525 I

21,101
87,649

14,380 42,710 -

31.9
51.3

5.2
1.1
-4.4

117
153

122

175,874
426,733

* Twelve months average, September, 1920, to August, 1921, inclusive
4

348,036
.47,938
180,184
63,125
45,869

thous. of lbs.. 149,514
thous. of lbs.. 10,238

Leather.
J
Production:
Sole leather
..thous. of sides.. 1,746
1,655
Skivers
dozens.. 20,149
17,950
Oak and union harness
, ...stuffedsides..! 62,551
59,815
Finished sole and belting... ...thous. of lbs.. | 28,431
Finished upper
. .thous. of sq. ft..! 73,557
Stocks, end of month:
Sole and belting
... .thous. of lbs.. | 195,897
.thous. of sq.ft.-1 415,790
Stocks in process of tanning:
Sole and belting
...thous. of lbs..! 110,226
Upper
.thous. of sq.ft.. 176,051
Exports:
Sole
...thous. of lbs.. 1,311
Upper
..thous. of sq.ft. 5,843
4,403
Prices:
.340
Sole, hemlock, middle No. 1. ...dolls, per l b . .
.340
Chrome calf," B " grades.... dolls, per sq.ft..
.500
..465

91396—22

509,992
35,140
275,065
80,207
82,753

107

115
50
j

38 i - 24.8
50 - 24.6
121
173 -

0.0
7.0

26
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of
the SURVEY (No. 6).

<+> I

;
1 CUMULATIVE TOTAL
1 Oorres- j FOR CALENDAR YEAR. or de-

ponding
month,
Dec,
A 1920,
or
Jan.,
1921.

crease

1

Dec,
1921

Jan.,
1922

1920

INDEX NUMBERS.

Persentage
Lcrease

1921

cumulative
1921
from
1920.

1920 [l921

1921

Per: centi
1922 jjagein! crease
:

(
; de-}
t
or

BASE
YEAR
OR
•ERIOD.

crease

Dec. Jan.

Oct. Nov. Dec. Jan. !

from
Dec.

HIDES AND LEATHER—Continued.
Leather Products.
Belting sales:
Quantity
thous. of lbs..
248
Amount
thous. of dolls..
415
Boots and shoes:
Production
c 24,242 ,
Exports
thous. of pairs..
322 jj 1,114
560
Price, wholesale, men's
ji
black calf blucher
dolls, per pr..
6.75 !;
7.25
6.75
CHEMICALS.
Imports:
4,231
17,591
Potash
tons.. 17,060
80.305
5,365
9,470
Nitrate of soda
tons..
Exports:
659
728
1,904
Sulphuric acid
thous. of lbs..
394
657 I; 1,336
Dyes and dyestuffs
thous. of dolls..
Total fertilizer
tons.. 63,663 67,011 I! 106,153
Price index numbers:
Crude drugs
index number..
Essential oils
index numbers.
Drugs and Pharmaceuticals ...index numbers.
Chemical price
index*
weighted index number..

8,028
18,368

3,342 - 5 8 . 4
6,138 - 66.6

1919

16,841

8,959 -

1913

163

132

1913

249

233

46.8

1919

178,692
1,320,972

104,872 - 41.3
369,199 - 72.1

1909-13
1909-13

28,991
32,652
1,413,797

12,815 - 55.8
6,859 - 79.0
895,443 - 36.7

1909-13
1909-13
1909-13

38

36

67

217 j 217 217

38 - 42.5
217

I 0.0

20
+ 76.5
310
225 115
4.615 1,665 |l,731
98
102 103
61

107

119 + 10.5
1,271 + 66.8
65 + 5.3

Aug., 191

162

153

126 I 127

+

15
.

ug.,191

210

200

138

-

0.7

.ug., 191

160

155

117

«1913-14

189

181

151

1913
1913
1919
1919
1914

253

228

183

144

100

92

132

81

1.861
1.961

1913
1913

194
204

9.625

1913

8.295

1913

118

117 - 0 . 8

147

145

144 -

0.7

213

163

233

260

126
235
55
57
86

-

0.2
11.1
27.2
16.9
2.4

FOODSTUFFS.
Wheat.
Exports, including flour
thous. of bush.. 15,014
14,985 |
Visible supply
thous. of bush.. 135,823 120,804 !
Receipts, principal mkts
thous. of bush.. 23,975
17,458 j
Shipments, principal mkts
thous. of bush.. 13,634
11,335
Wheat flour production
thous. of bbls..
9,053
9,273 jj
Prices:
No. 1, northern, Chicago
dolls, per bush..
1.254
1.285 j|
1.196
No. 2, red, winter, Chicago.. .dolls, per bush..
1.177
Flour, standard patents,
Minneapolis
dolls, per b b l . .
6.881
7.000 I
Flour, winter straights,
5.875 jj
Kansas City
dolls, per b b l . . . .
5jj
Corn.
Exports, including meal
Visible supply
Receipts, principal mkts
Shipments, principal mkts
Prices, contract grades,
No. 2, Chicago

thous. of bush..
thous. of b u s h . .
thous. of bush..
thous. of bush.. |
j
dolls, per bush.. j

Other Grains.
Oats:
Exports, including meal
thous. of bush.. |
Prices, contract grades,
!
Chicago
dolls. per bush.. j
Barley:
j
Exports
thous. of bush.. I
Price, fair to good, malting,
Chicago
dolls, per bush..
Rye:
Exports, including flour
thous. of bush..
Price, No. 2, Chicago
dolls, per bush .

10,488
27,109
39,723
17,403
.482

573

27,105
74,036
28,978
19,190
8,924

19,437 ji 5,753
30,383 1 15.977
1
52,097 I 39,348
I
17,375
29,393
.484

511 j

307,394

324,453
279,025
108,755

21,320
215,855
115,842

350,464 + 14.0
436,425 -I- 34.5
291,817 + 4.6
122,069 4- 12.2

131,685 +517.7
340,903 + 57.9
227,389 + 96.3

.681

963

.364

.375
421

2,991

.548

.582

15,975

8,003

98

126

101

204
199

142
121

134
119

137
119

141 + 2.5
+ 16
.

195

210

162

156

150

153 +

17
.

215

216

164

153

152

153 +

03
.

136

1913
1913
1919
1919

144

81

224

106

190

266

217

460 + 85.3
+ 12.1

63

230

196
121 1 109

103

239

144

248
323
265
197

75

77

77

77 +

11

121

1913

19

17 - 10.8

25,833 + 44,7

34
132

121

92

1913

172

205

143

1913

.750

17,855

1913
1913

.454

830

108

126
264
76
68
84

| 125

120

97

172

57

+ 31.2
+ 68.9

100 +

0.4

3.0

29 - 49.3
+

6.2

i

1,993
.858

1,154
.809

5,480
1.647

59,254

Total grain exports, incl. flour thous. of bush..
Carloadings of grain and grain products
cars.. 42,032
c Revised figure.

36,508
50,460

42,293
40,235

421,796
417,953

30,165 - 49.1

1913
1913

!3,645 3,546 1,291
251
259
139

446 1,286
135
126

745 - 42.1
127 - 5.7

132

176 + 26.3
129 + 20.1

Total Grains.




534,192 + 26.6
207 204
1913
1919
103
528,790 + 26.5
•Average for fiscal year ending June 30,1914.

191
130

139
108

27
TREND OF BUSINESS MOVEMENTS—Continued.
INDEX NUMBERS.

NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of

1920 1921

Percentcrease

1922 age in-

1921

BASE
YEAR
OR

or de-

PERIOD.

the SURVEY (NO. 6).

Dec. Jan.

FOODSTUFFS—Continued.
Other Crops.
Apples-cold-storage holdings
thous. of bbls..
Cattle and Beef.

Oct. Nov. j Dec. I Jan.

from
Dec.

1919

294

207

136 ! 313 248 - 20.7

1919
1919
1919
1919
1913
1919
1913
1919
1913

73
63
69
111
59
108
70
142

68
46
87
182
59
113
82
116

112
134
141
94
94
27
125
93
104

94
112
113
82
74
33
114
83
101

1913
1913

Receipts, primary mkts
thousands..
Shipments, primary mkts
thousands..
Shipments, stocker and feeder
thousands..
245
Slaughter
thousands..
740
Exports of beef products
.thous. of lbs.. 9,420
Cold-storage holdings of beef
thous. of lbs.. 84,808
Inspected slaughter production
thous. of lbs.. 341,040
Apparent consumption*
thous. of lbs.. 330,505
Prices, cattle, corn-fed, Chicago, .dolls, per 100 lbs.. 8.219
Beef, fresh, native steers,
Chicago*
dolls, per 100 lbs..
Steer, rounds, No. 2, Chicago *.. dolls, per 100 lbs..

368

171
142

134
122

127

133
87

127
83

126
140
58
120
197
154
158
81
111
146

86
102
60
78
121
99
188
45
95
162

99
109
44
93
110
118
175
43
82
121

105
148
47
84
130
133
170
51
81
95

+ 15.1
- 1.5
- 4.9
+ 25.3
- 3.3
- 7.9

-

0.8

119 90 -

6.1
9.3

Hogs and Pork.
Receipts, primary mkts
thousands..
Shipments, primary mkts
thousands.
Shipments, stocker and feeder
'. .thousands.
Slaughter
thousands.
Exports, pork products
thous. of lbs.
Inspected slaughter production
thous. of lbs".
Apparent consumption*
thous. of lbs.
Cold-storage holdings, pork products, thous. of lbs.
Prices, hogs, heavy, Chicago.... dolls, per 100 lbs.
Pork, loins, fresh, Chicago*
dolls, per lb.

3,911
4,278
1,787
1,765
27
35
2,484
2,137
106,440 127,623
642,093
474,981
462,637 542,604
6.744
7.765
.141
.160

41,050 - 3.3
4,700
42,437
14,698 - 3.8
1,666
15,280
498 - 31.8
43
730
26,316 - 2 . 9
3,032
27,111
161,694 1,532,583 1,659,696 + 8.3
663,404 6,459,431 6,735,565 + 4.3
153,860 4,995,360 5,213,229 + 4.4
734,659
9.305
.218

1919
1919
1919
1919
1913
1913
1919
1919
1913
1913

114
150
36
98
156

+ 9.4
+ 1.2
- 22.9
+ 16.2
+ 19.9

59 + 17.3
93 + 15.1
108 + 13.5

Sheep and Mutton.
Receipts, primary mkts
thousands.
Shipments, primary mkts
thousands.
Shipments, stocker and feeder
thousands.
Slaughter
thousands.
Cold-storage holdings,lamb and
mutton
thous. of lbs.
Prices:
Sheep, ewes, Chicago
dolls, per 100 lbs.
Sheep, lambs, Chicago
dolls, per 100 lbs.
Dairy Products.
Condensed and evaporated milk:
Exports
thous. of lbs.
Imports
thous. of 1 bs.
Exports, dairy products
thous. of lbs.
Receipts at 5 markets:
• Butter
thous. of lbs.
Cheese
thous. of lbs.
Eggs
thous. of cases.
Cold-storage holdings:
Creamery butter
thous. of lbs.
American cheese
thous. of lbs.
Case eggs
thous. of cases.
Wholesale prices at 5 markets:
Butter
dolls, per lb.
Cheese
dolls, per lb.

1,664
881
202
804

|
|
!
I

1,835 1,792
687
887
88
183
1,101
925

23,504
12,523
5,171
10,984

24,097
11,306
3,129
12,823

+ 2.5
-9.7
- 39.5
+ 16.7

1919
1919
1919
1919

59
45
85

79
57
15
104

133
138
126
124

6,444 i 3,930

78,082

1919

674

810

82

3.781 | 5.260
10.500 ! 12.170

3.450
10.925

1913
1913

76
149

74
140

62
109

22,238 i 18,352
1 None...
23,409 20,026

30,192
163
31,987

411,020
23,756
444,774

289,678
12,164
333,856

37,172 j 41,697
11,237 I 10,684
538 ! 805

30,939
11,387
648 I

471,232
165,774
12,322

569,367 + 20.8
178,625 + 7.8
14,748 + 19.7

48,411 j 35,042
27,691 | 21,430
179

41,486 I
25,000 I
43 !

1916-20
1916-20
1916-20

104 I 74
92 ' 67
;

.365

.502 |
.293 I

1919
1919

89 j 85
80 : 94

94

.435 j
.206!

29.5
• 48.8
24.9

1919
1919
1913
1919
1919
1919

73
81 +
73 j 73 +
35 I 32 76 | 88 +
!
77 I 47 -

10.3
0.7
9.4
15.0
39.0

59
81 ; 112+ 39.1
112 I 135 156 + 15.9

45
26
31 26 - 17.5
3 I (») ; 0
3
1,748 1,009 1,237 1,058 - 14.5
95
101
62

57 !
72 j
30 j

11 I

1

45

91 + 12.2
- 4.9
+ 49.6

74
24

- 27.6
58 - 22.6
; — 79. 9

76 ! 73
71 I 66

62 i - 16.1
67 ! + 1.5

81

81

116 i
116
119
78

92 j
65 j

Fats and Oils.
Total vegetable oils:
Exports
Imports
Oleomargarine consumption
Cottonseed stocks
T Index number less than 1.




thous. of lbs. 12,529 12,114
thous. of lbs. 31,785 49,060
thous. of lbs. 19,411 16,887
tons. 618,173 418,349

263,566 + 30.2
71,291 | 202,402
323,529 - 44.8
21,251 i 585,895
22,688 I 359,966 i 210,210 - 41.6
484,832 |
.

1913
1913
1913
1919

150
95
201
116

|
\ 245 37 I 37
127 225
i 99
! 191 181 148
143 149
! 95

43
149
164
121

42
229
142
82

+
-

3.3
54.3
13.0
32.3

28
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of
the SURVEY ( N O . 6).

J N D E X NUMBERS.

Per- !
mtage:

CUMULATIVE TOTAL

Dec.,
1921

Jan.,
1922

Corres- FOR CALENDAR YEAR.
ponding
month,
Dec.,
1920,
or
1920
1921
Jan.,
1921.

920

>rdesrease

(-)
iumuative
1921
from
1920.

1921

1921

1922

YEAR
OR
PERIOD.

Percentage increase
or decrease

Dec.

Jan.

Oct.

Nov. Dec.

Jan.

from
Dec.

FOODSTUFFS—Continued.
F a t s a n d Oils—Continued.
Cottonseed oil:
Stocks
thous. of lbs..
Production
thous. of lbs..
Price, New York
dolls, per l b . .
Following figures are quarterly.*
Crude vegetable oil:*
Production
thous. of lbs..
Consumption
thous. of lbs..
Stocks
thous. of lbs. Refined vegetable oil:*
Production
thous. of lbs..
Consumption
thous. of lbs..
Stocks
thous. of lbs..
Cottonseed oil—crude:*
Production
thous. of lbs..
Consumption
thous. of lbs..
Stocks
thous. of lbs..
Peanut oil—crude and virgin :*
Production
thous. of lbs.
Consumption
thous. of lbs.
Stocks
thous. of lbs.
Coconut or copra oil—crude:*
Production
thous. of lbs Consumption
thous. of lbs.
Stocks
thous. of lbs.
Corn oil—crude:*
Production
thous. of lbs.
Consumption
thous. of lbs.
Stocks
thous. of lbs.
Linseed oil:*
Production
thous. of lbs.
Consumption
thous. of lbs.
Stocks
thous. of lbs.
Fish oil:*
Production
thous. of lbs.
Consumption
thous. of lbs.
Stocks
thous. of lbs.
Animal fats:*
Productions
thous. of lbs.
Consumption
thous. of lbs.
Stocks
thous. of lbs.
Greases:*
Production
thous. of lbs.
Consumption
thous. of lbs.
Stocks
thous. of lbs.
Derivatives:*
Production
thous. of lbs.
Consumption
thous. of lbs.
Stocks
thous. of lbs.

L O 167 j 98,295
O,
[31,961 I 100,706

166,710
171,887
.084

1,141,609

1,285,143

12.6

325,521 710,468
326,390 i 612,525
253,595 363,313

766,481 1,899,104 2,017,272
628,997 2,044,481 2,016,133
444,688 |

179,066 448,890
305,542 233,124
126,385

497,967
303,342
333,517

1,378,299 1,419,041 +
1,054,449 1,134,917 +

142,990 491,979
128,850 418,473
• 50,576 100,167

594,291
455,021
156,801

1,141,390 1,271,029 + 11.4
1,133,401 1,295,760 + 14.3

«9,833
• 13,354
8 8,121

10,442
7,635
12,080

15,498
21,989

34,439
• 64,992
« 77,219

35,588
61,802
79,667

25,004
«19,568
8 7,335
107,716
8 65,324

8 23,384

17,139
8 53,637

6.2
1.4

3.0
7.6

1919
1919
1913

172
285
122

1919
1919
1919

8 43
s 44

1919
1919
1919

829
880

132

167

164 -

1.9

202 | 154 - 23.7

115

118 +

3.6

56
51
50

123 +118.3

107
85
118

38
85
45

+150.7

•65

96 + 87.7
72 + 43.3

- 23.7
+143.9

1919
1919
1919

8 19
8 30

166
138
141

40
39
45

138 +244.1
127 +224.8
90 + 98.1

13,085
85,067

38,733 +196.0
42,554 - 50.0

1919
1919*
1919

«16
•54
8 138

28
29
91

45
25
34

48 + 6.2
14 - 42.8
50 + 48.8

26,882
66,499
84,009

131,218
294,098

112,989 - 13.9
241,096 - 18.0

1919
1919
1919

8 62
853
•65

50
63
54

64
62
50

66 +
59 51 +

27,779
23,135
9,726

13,256
14,153
5,537

98,618
89,634

1919
1919
1919

• 116
8 113
885

54

103
87
91

114 + 11.1

137,528
68,861
123,391

120,502
40,731
104,111

485,273
214,204

1919
1919
1919

8 111
8 121
8 118

106
86
159

95
138
106

121 + 27.7
5.4
146 +

22,952
36,450
44,093

15,612
10,153
60,310

66,027
48,185

1919
1919
1919

8 319
•91
8 111

190
104
135

284
175
120

279 -

1919
1919
1919

8 94
8 111
8 118

109
96
103

114
106
13'

127 + 10.8

1919
1919
1919

8 102
98

119
68
135

1919
1919
1919

8 87
8 93
8 78

105
81
90

1919
1919

8 10
8 12

12 !
10

1919
1919

8 61
8 31

49 !
30

1919
1919

«112
M9

87,481 - 11.3
71,946 - 19.7

482,812 - 0.5
238,824
11.5

49,959 - 24.3
78,236 + 62.4

419,742 465,024 I 401,499 | 1,642,704 1,893,405 + 15.3
153,237 153,434 138,737
597,103
616,067 + 3.2
167,542 142,090
8 77,492
•42,174
8 99,407

85,794
54,657
81,728

82,884
35,204
90,892

345,534
201,091

193,489
141,169

411,036
191,771
185,571

278,824
170,141
164,487

1,137,913
816,156

short tons.
short t ons.

8 1,584
8 970

2,992
1,564

short tons.
short tons.

8 26,382
8 10,849

26,776
6,705

20,591 i 101,104
6,606 |

84,643 -

short tons.
sh ort tons.

8 35,012
8 370

38,242
576

20,323
382

145,578

123,32C -

341,030 180,598 -

1.3
10.2

1,361,298 + 19.6
735,055 9.9

3.3
4.9
3.2

103 + 18.2

121 + 32.6

189 + 77.3
1.8

372 +112.7

99 - 17.8

106

+ 01
.

121

— 11.4

111
82
148

123

10.7

162
93
77

155 -

4.4

-

0.9

106 + 29.6

121 - 17.8

10; !+ 31.5

Oil, Seed, and Nuts.
Reported quarterly.
Peanuts, hulled:*
Consumption
Stocks
Copra:*
Consumption
Stock
Corn germs: *
Consumption
S tocks

,

• Previous quarter, Oct. 1.




4,218
1,064 !

11,919

11,723 -

1.6

16.3

15.3

55
45

+ 88.9
+ 61.2

63
- 38.2
+. 9.2
!+ 55.7

29
TREND OF BUSINESS MOVEMENTS—Continued
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of
the SURVEY (NO. 6).

( }

t

CUMULATIVE TOTAL

Dec,
1921

Corres- FOR CALENDAR YEAR.
or deponding
crease
month,
(-)
Dec,
cumu1920,
lative
or
1921
1920
1921
Jan.,
from
1921.
1920.

Jan.,

INDEX NUMBERS.

Percentage
increase
1920

1921

1922

1921

BASE
YEAR
OR
PERIOD.

Percentage increase
or deTease

Dec. Jan.

Oct. Nov. Dec.

Jan.

Jan.
from
Dec.

FOODSTUFFS-Continued.
Oil, Seed, and Nuts—Continued.
Flaxseed:*
Consumption
Stocks

short tons.. 8162,747 211,086
short tons.. 853,354 95,662

177,561
115,302

717,528

Imports, raw.
long tons. - 176,457 314,939
Meltings, raw
long tons.. 254,135 291,601
Stocks, raw
long tons.. 62,419 85,602
Exports, refined
long tons.. 31,817 63,765
Prices:
Wholesale, 96° centrifugal, N. Y.dolls. per lb..
.036
.037
Wholesale, refined, N. Y
dolls, per lb..
.048
.050
Retail, average 51 cities
index number..

113,618
130,610
105,275
25,583

3,590,322
4,061,163

728,729 4-

1919
1919

•106
8 209

1913
1919
1919
1909-13

90
51
104
467

1913
1913
1913

1.6

151
190
191

1909-13

103

94

122

+ 29.7

353

179

320

+ 81.0

65

92

118

100

179

+ 78.5

40

85

82

78

90

+ 14.7

110

75-

86

65

90

+ 37.1

Sugar.

412,450

2,750,591
3,598,693

23.4
11.4

416,872

1.1

.054
.076

585

573 1,077 2,159 +100.4

153

119

117

106

104

-

2.7

177

122

121

117

112

-

4.0

176

125

122

118

113

-

4.2

96

147

103

165

202

158

- 21.9

76
86
146

75

75

77

79

78

-

87

62

85

73

- 14.2

120

117

110

123

111

-

100

107

116

96

127

+ 32.2

151

171

199

110

127

+ 15.2

112

112

135

85

- 37.6

326

231

+ 23.7

124

103 - 16.8

Coffee.
Imports
Visible supply:
World
United States
Receipts, total, Brazil
Clearances:
Total Brazil for world

thous. of lbs.. 152,776

1,343,499 + 3,6

110,956
9,002
1,619
1,148

10,286

12,773 + 24.2

1913
1913
1913

594

11,325
6,253

12,034 +
6,151 -

1913
1913

94
172

3,247

90,808

76,488 - 15.8

1909-13

51

25,035
38,772

443
3,706
34,015
32,265

463
3,902
27,153
45,391

7,937
44,622
399,893
467,662

1913
1913
1913
1909-13

80
217
48
145

8 1,136
8 338
81,547

1,175
313
1,562

1,062
297
1,447

1913
1913
1913

8 105
8 90
8 103

27.50

27.50

32.50

1913

246

thous. of bags..
thous. of bags..
thous. of bags..

9,263
1,616
1,171

9,234
1,387
1,064

thous. of bags..

952
433

1,259

thous. of bagsthous. of lbs..

Total Brazil for U. S

1,297,414

119,353

11,162

6.3
1.6

0.3
9.1

Tea.
Imports
TOBACCO.
Production:
Large cigars
millions..
Small cigarettes
millions..
Manufactured tobacco and snuff.thous. of lbs..
Exports, unmanufactured leaf
thous. of lbs..
Stocks (reported quarterly):
Chewing, smoking, snuff and
export
mills, of lbs..
Cigar tobacco
.mills, of lbs..
Total, including imported
mills, of lbs..
Price, wholesale, Burley, good leaf,
dark red Louisville
dolls, per 100 lbs..

464

6,797
50,835
386,499
515,353

- 14.4
+ 13.9
-3.3
+ 10.2

73

377

73

101

301

70 -

4.5

+ 35.9

73

101

149

138

131

140

145

+

3.4

80

91

85

-

7.4

117

125

127

+ 10
.

246

208

208

208

0.0

85

87

1.4

41

42

5.1

23

23

0.0

39

40

4.0

2

2

0.0
1.1

208

FOREIGN EXCHANGE RATES.
Europe:
England
dolls, per £ sterling..
France
dolls, per franc..
Italy
dolls, per lire..
Belgium
dolls, per franc..
Germany
dolls, per mark..
Netherlands
dolls, per florin..
Sweden
dolls, per krone..
Switzerland
dolls, per franc..
Asia:
Japan
dolls. per yen..
India
dolls, per rupee..
Americas:
Canada
dolls, per Can. doll..
Argentina
dolls, per gold peso..
Brazil
dolls, per milreis..
Chile
dolls, per paper peso..
General index of for. exchange
index number..

4.16
.078
.044
.075
.005
.363
.245
.194

4.22
.082.044
.078
.005
.367
.249
.194

3.74
.064
.035
.068
.016
.329
.214
.157

Par
Par
Par
Par
Par
Par
Par
Par

val.
val.
val.
val.
val.
val.
val.
val.

72
31
18
32
6
77
73
80

.479
.274

.476
.278

.487
.286

Par val.
Par val.

101
55

.928
.748
.127
.108

.948
.772
.126
.101

.876
.794
.151
.143

Par
Par
Par
Par
Par




90

91

92

93

1.6

100

101

0.0

96

96

56

57

to

» Previous quarter, Oct. 1.

91396—22——5

79

val.
val.
val.
val.
val.

59

0.6
1.5
+

2.2

80 +

3.2

39

0.8

95

78

-

55

52 -

6.5

55

59 +

7.3

30
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of
the SURVEY ( N O . 6).

INDEX NUMBERS.

Percentage
increase

1920 1921

CUMULATIVE TOTAL

Dec.,
1921

Corres- FOR CALENDAR YEAR. or deponding
month,
Dec.,
cumu1920,
lative
or
1921
1920
1921
Jan.,
from
1921.
1920.

Jan.,
1922

1921

1922

BASE
YEAR
OR
PERIOD.

Percentage in

(+)

ordeDec. Jan.

Oct. Nov. Dec. Jan.

()
Jan.
from
Dec.

TRANSPORTATION—WATER.
Canal Cargo Traffic.
Panama Canal:
American vessels
British vessels
Total cargo traffic

thous. of long tons..
thous. of long tons..
thous. of long tons..

473
335
1,077

343
349
953

5,509
3,306
10,808

4,562 - 17.2
3,434 + 3.9
10,647 - 1.5

1915
1915
1915

259

257

250
230
274

188
190
234

213
67
106

232
79
119

217
71
109

175
76
104

264

210
200
242

216
83
120

Vessels in Foreign Trade.
Entered in U. S. ports:
American
Foreign
Total
Cleared from U. Syports:
American
Foreign
Total

thous. of net tons..
thous. of net tons..
thous. of net tons..

2,553
2,306
4,859

1,963
1,931
3,894

2,506
2,199
4,705

32,131
32,001
64,131

31,099 - 3 . 2
31,078 - 2.9
62,178 - 3.0

1913
1913
1913

thous. of net tons..
thous. of net tons..
thous. of net tons..

2,434
2,586
5,021

2,051
1,935

2,191
2,455
4,646

34,037
33,792
67,830

30,086 - 11.6
32,448 - 4.0
62,537 - 7.8

1913
1913
1913

297
46

261
53

1,067

1920
1919

191,707 132,174
221,614 145,913
470,516 330,681

179,219
90,685
324,186

1919
1919
1919

182
23
108

24
546
37
36
110
642
313,190 331,050
683
734
25,707

306
108
810
213,180
684
34,722

1919
1919
1919
1913
1919
1919

4
51
16
127
98
105

1913
1913
1913
1913
1913
1913

219
200
216
281
17
168

(10)
169

1921
1914
1915

106
113

104 1 100
99
98
100
95

241
272
241

217
224
224

78
82
411

63
58
412

129

167 - 23.1
59 - 16.3
- 19.9

220 195 164 - 15.7
60 - 25.2
68
80
- 20.6
110 I 112

Ship Construction.
Vessels under construction.. .thous. of gross tons..
New vessels completed
thous. of gross tons..

32
14

- 12.1
+ 15.2

28|
18 i

TRANSPORTATION—RAIL.
Freight Cars.
Surplus:
Box
number..
Coal.
number..
Total
number..
Shortage:
Box
number..
Coal
number.
Total
number.
Bad-order cars, total
number.
Car loadings, total
thous. of cars.
Freight carried
mills, of ton-miles.

448,942

344,470

— £o. o

I
!
139 ! 233 j 161- 31.1
176 I 293 I 193- 34.2
149 ! 248 | 175 29.7

218
120
171

43
42

3
141
85
90

28
103
46
241
116
111

- 2.7
+483.6
229 j 212 219 + 5.7
92 + 7.5
94
85
88 ! 78

226
154
210
219
176
175

193 i 163 j
144
154 i
182 167
192
111
86 !
179 !

I (7)

j

Railroad F i n a n c e .
Revenue:
Freight
Passenger
Total operating
Operating expense
Net operating income
Receipts per ton-mile

thous. of dolls., 288,762
thous. of dolls., 88,671
thous. of dolls.. 425,022
thous. of dolls.. 348,880
thous. of dolls.
51,588
dolls, per ton-mile.

386,564
114,830
550,580
510,769
3,302

4,323,650 3,918,700 - 9.4
1,287,423 1,153,752 - 10.4
6,225,417 5,563,232 - 10.6
5,830,327 4,597,479 - 21.1
58,152
614,811 +957.2

184
183
184
244 I

LABOR.
Number employed:
United States (1,428
firms)
thousands.
New York State
thousands.
Wisconsin
index numbers.
Total pay roll:
New York State
thous. of dolls.
Wisconsin
index number.
Av. weekly earnings, Wisconsin, .index number.
Unemployment, Pennsylvania*
number.
Immigration
number.
Emigration
number.
Postal savings
thoui. of dolls.

1,493
471

11,744

11,330

321,893 313,835
30,897 22,633
34,130 15,585
146,500 144,700

* December index number less than 1.




1,557
464

9

1,628
467

12,894

75,384
29,447
163,656

917,616
422,517

Very large increase.

693,653
413,551

24.4
2.1
w Deficit.

1914
i 1915
i 1915
1921
1913
1913
1913

11

195
183
194
105
39
76

101
94

96
99
95

100 j+ 4.3
97 j- 1.5
j

198
183
193
122
26
67
369

191 j- 3 . 5

180
191
102
38
58
372

First quarter of year.

119 I - 2 . 5
19 j - 26.7
31 !- 54.2
364 1- 1 . 3

31
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked wth an as terisk (*) have
not been published oreviiously u1 the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletiiI. For detailed
tables covering other items, see jprevious issue of
the SURVEY (NO. 6).

PRICE INDEX NUMBERS.
Farm price:
Crop
index number. .
index number..
Live stock
Wholesale prices:
Department of LaborFarm products
index number..
index number..
Food, etc
.index number..
Cloths and clothing..
.index number..
Fuel and lighting
Metal and metal products .index number..
Building and building
material
index number
.index number..
Chemicals and drugs
House furnishing goods.. .index number..
Miscellaneous
index number
index number
All commodities
Federal Reserve Board: (I>ept. of Labor
prices)—
Agricultural products.... i index number
Animal products
.index number
Forest products
.index number .
Mineral products
index .number
Total raw products
index number
Producer's goods
.index number
index number
Consumer's goods
indp.x niTmb«r
All commodities
Federal Reserve Board i n d e x Goods imported
index number
Goods exported
.index number
indp.T nnmhp.r
All commodities
Dun's
.index number
Bradstreet's
.
indAY tin m hp.r
Retail uricps food
Cost of living:
Bureau of Labor statistics (quarterly)—
Food
indp.v rmmhp.r
index number
Clothing
FTonsinfiT
index number
index number
Fuel and light
Furniture and house
f i lrnishincs
index number
indpx n u m b e r
indpx nnTTiber
Total
Nat'l. Indus. Conf. Boardindex number
Food
Shpltpr
Clothing
index number
Fuel and light
index number
inde^ mimhpx
Sundries
All items weighted
Foreign wholesale prices:
TTnifpd T^irmrdom
itidpx number
index number
France
index number
Italy
index number
Gcrmanv
\ n d p.x TVI i m hp.r
Canada
.index number..
Australia
India
.index mimber..
Japan




INDEX NUMBERS.

Percentage
increase

Jan.,
1922

Dec.,
1921

or decrease
cumulative
1921
from
1920.

1922

1921

1920 1921

CUMULATIVE TOTAL

Corres- FOR CALENDAR YEAR.
ponding
month,
Dec,
1920,
or
1921
1920
Jan.,
1921.

BASE
YEAR
OR
PERIOD.

Percentage increase
or decrease

Oct. Nov. Dec.

Jan.

Dec.

Jan.

1913

129

123

98

98

98

100

1913

121

120

98

92

91

95

1913

. 144

136

119

1913

172

162

142

1913

220

208

190

1913

236

228

182

1913

157

152

121

114
142
186
186
119

113
139
185
187
119

116
134
183
183
117

1913

266

239

192

1913

188

182

162

1913

346

283,

218

1913

205

190

145

197
162
218
145

203
161
218
148

202
159
214
146

1C13

189

177

150

149

1913

155

155

134

1913

132

119

105

1913

283

245

193

1913

224

.220

176

1913

187

175

145

1913

175

169

133

1913

196

182

158

1913

189

177

150

1913

112

114

107

1913

146

142

141

1913

173

163

141

1913-

164

154

1913

137

134

1913

178

172

from
Dec.

+
+

2.0
4.4

+
-3
- 1
-1

2.7
.6
. 1
2.1
.7

149

-1
-1
14* —

0.5
1.2
.8
.4
0.7

129
103
200
178
145
130
157
149

129
102
208
178
146
130
155
149

129
107
207
176
147
127
151
148

+

0.0
4.9

-

0.5

135

108
138
140
136

111
136
138
136

110 - 0 . 9
135 - 0 . 7
0.0
138
0.0
136

123

123

123

124

+ 0.9

153

152

150

142

-

5.3

-

5.3

- 1 . 1
+

0.7

- 2 . 3
-

2.6

- 0 . 7

1913

178

153

150

1913
1913

259
151

192

184

160

1913

195

181

161
181

1913

285

225

1913

208

208

1913

200

177

Jy., 1914

178

172

152

152

150

142

Jy., 1914

166

166

169

169

169

169

0.0

Jy., 1914

187

174

161

Jy., 1914

200

198

179

Jy., 1914

192

190

178

Jy., 1914

181

176

163

157
179
178
163

156
178
178
161

156
177 177 158 -

0.6
0.6
1.9

1913

220

209

170

1913

435

407

331

655

642

• 599

1,083 1,473

2,687

218
207
174

t

j

!

1913
1913
1913

214

1913

197

196

156

1913

180

178

184

1913

206

201

219

208

169

162
159
166
332 326 314
595 595
3,283 3,467 3,814
168
168
170
151 148
180
180
214

209

205

-

0.0

1.9
3.7

+ 10.0
1.2

-

1.9

32
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of

(+

J

CUMULATIVE TOTAL
Corres- FOR CALENDAR YEAR.

Dec.,
1921

Jan.,
1922

the SURVEY ( N O . 6).

ponding
month,
Dec,
1920,
or
Jan.,
1921.

I N D E X NUMBERS.

Percentage
increase
or deerease
(-)
cumulative
1921
from
1920.

1921

thous.
thous.
thous.
thous.
thous.
thous.
thous.
thous.
thous.
thous.
thous.

21,320
15,598
5,722
14,227
8,336
3,215
898
1,773
2,759
5,902
859

366,939
254,605
112,334
235,500
140,914
51,245
14,368
28,973
42,846
79,628
9,872

253,972
178,015
75,957
246,819
147,645
55,859
14,406
28,909
46,642
77,852
10,551

30.8
30.1
32.4
4.8
4.8
9.0
0.3
0.2
8.8
2.2
6.9

1913
1913
1913
1913
1913
1913
1913
1913
1913
1913
1913

38,353
27,583
1,145,455
248,258

j
34,855
I
17,593
j 1,026,088
I 249,126

-9.1
- 36.2
- 10.4
+ 0.3

1921

Percentage increase

(+)

or decrease
Dec. Jan.

1920

DISTRIBUTION MOVEMENT.
Mail-order houses, total sales
Sears, Roebuck & Co
Montgomery Ward & Co
Chain stores, total sales d
F. W. Woolworth Co
S. S. Kresge Co
McCrory Stores Corp
S. H. Kress & Co
J. C. Penney Co
•.
United Cigar Stores Co
Owl Drug Co...
American Wholesale Corp.,
total sales
Magazine advertising
Newspaper advertising
Postal receipts

1920 1921

BASE
YEAR
OR
PERIOD.

1922

Oct. Nov. i Dec. Jan.

Jan.
from
Dec.

i

of dolls..
of dolls..
of dolls..
of dolls..
of dolls..
of dolls..
of dolls..
of dolls..
of dolls..
of dolls..
of dolls.,

24,506
17,081
7,425
40,052
24,155
8,686
2,456
4,755
4,938
8,370
1,108

19,782
14,188
5,594
15,720
9,520
3,598
970
1,632
2,165
5,403

thous. of dolls.
thous. of lines..
thous. of lines.
thous. of dolls.

1,831
1,112
94,257
26,678

3,133
1,383

3,240
1,580

20,903

20,007

259
241
304
452
390
708
508
491

195
196
173
179
151
291
201
197

12,333 1,255

218
229
194
214 I
203
218
229
230
224
274
296
502
238
261
438
461
470
786
278
271 | 546
304
266 I 530
2,422 2,220 J2,245
277
249 ! 340
290
261 ; 331

358
381

239

1913
1913
1919
1919

130
120
116
136

237

1919

94

94

93

1919
1913
1913
1913

98

70
11,544
711

98

94
93
324
570

1919
1919

114
113

264

129
101
109

253
124
116
118

198
116
112
118

181 - 19. 3
178 - 1 6 . 9
24.7
197 - 60.8
60.6
172
326 - 58.6
60.5
216
65.7
182
984 - 56.2
35.4
219
28.0
246

• 134 229 + 71.1
113 + 24.4
\ 91
| 112
! 145 114 - 21.6

i

PUBLIC FINANCE.
U. S. interest-bearing debt
mills, of dolls.. 23,189
Liberty and Victory Loans and war
savings securities
mills, of dolls.. 19,408
Customs receipts
thous. of dolls.. 26,155
Ordinary receipts
thous. of dolls.. 740,293
Ordinary disbursements
thous. of dolls.. 329,766
Money held outside U. S. Treasury and Federal
Reserve system:
Total
mills, of dolls..
4,553
Per capita
dollars..
41.85

23,152

23,756

19,372
27,251
191,001
231,247

20,228
25,925
217,328
388,179

4,707
43.22

5,501
51.29

20,575
17,554

19,065
16,642

20,033
18,604

241,045 |
240,804 |

207,095 - 14.1
191,361 - 20.5

1919
1919

18,476
12,994

17,296
11,577

18,573
13,550

243,135 !
189,115

192,106 - 21.0
145,012 - 23.3

1913
1913

236

1,180
2,443
2,992
1,765

850
2,184
3,059
1,779

2,456
3,091
2,320
1,808

191!)
1919
1919
1919

127

14,780
10,174

14,534
10,271

16,263
10,643

1919
1919

107

5.10
5.13

4.56
4.90

6.69
7.81

1913
1913

210
135

165
97

165
662
483
827

127
538
258
665

142
487
526
629

1913
1913

192
128
(12)

(12)

92 -

199 j 191
177 153

331,231
305,475 - 7 . 8
6,432,072 j 4,971,877 - 22.7
5,064,472 I 4,445,821 - 12.2

360

394
535

92

- 0.2
: 94
4.2
; 98
103
1,227 317 - 74.2
j 590 406 - 29.9

+ 3.4
+ 3.3

94
92 !

112
112

0.2

BANKING AND FINANCE.
Banking.
Debite to individual accounts:
New York City
mills, of dolls..
Outside New York City
. .mills, of dolls..
Bank clearings:
New York City
mills, of dolls..
Outside New York City
mills, of dolls..
Federal Reserve banks:
Bills discounted
mills, of dolls..
Notes in circulation
mills, of dolls..
Total reserves
mills, of dolls..
Total deposits
mills, of dolls...
Federal Reserve member banks:
Total loans, rediscounts, and
investments
mills, of dolls..
Net demand deposits
mills, of dolls..
Interest rates:
New York call loans
per cent..
Commercial paper, 60-90 days
per cent..

106

221

118
106
93

87
95

86 101
85 I 100

203
209

213
201

68
92
134
90

66
90
137
90

234
212

159
90

7.3
5.2

219 - 6.4
189 - 10.9

i 61
44 - 28.0
| 93
83 - 10.fi
! 137 140 + 2.2
! 91
92 + 0.8

98
97 ;

101

94 95 -

98 |
96 I
160
89

96 97 +

1.7
1.0

143 - 10.6
85 — 4.5

Life Insurance.
(New business.)
Policies:
Ordinary *
Industrial *
Group *
Total insurance
Amount of insurance:
Ordinary *
Industrial *
Group *
Total insurance*

thous.
thous.
number
thous.

of policies..
of policies..
of policies..
of policies..

thous.
thous.
thous.
thous.

of
of
of
of

dolls.. 410,405 305,081 ; 333,206
dolls.. 126,646 103,725 | 93,357
;
dolls.. 25,388 13,287 j 5,974
dolls.. 568,439 422,093 | 432,537
|j| 432,537

1,879
6,600
4,418
8,484
:

4,331,945
1,257,759
88,019
5,668,722]
5,668,722

(12)

1913

139

181

1913
1913
1913
1913

254
180
413
i 234

250
279
297

i

* Includes Woolworth, Kresge, McCrory, and Kress only.
18
Index number not computed; would show a very large increase over 1913, due to recent growth of this form of insurance




!

223 ; 1 7 2 > —
174 ! 142 (12)
; («) !
159 183 ! 147 -

23.0
18.7
46.6
19.6

244 317
210 244 !
232 jl,757
234 i 3 0 8 i

26.7
18.1
47.7
25. 7

(12)

232
200
920
229

;-

33
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of
the SURVEY ( N O . 6).

INDEX NUMBERS.

Percentage
increase

CUMULATIVE TOTAL

Dec.,
1921

Corres- FOR CALENDAR YEAR.
ponding
month,
Dec.,
1920,
or
1920
1921
Jan.,
1921.

Jan.,
1922

or decrease

(-)

cumulative
1921
from
1920.

BASE
YEAR
OR
PERIOD.

1920 1921

1921

Percentage in
1922 crease
or decrease

Dec. Jan. Oct. Nov. Dec. Jan.

from
Dec.

BANKING AND FINANCE—Continued.
Business Finances.
Business failures:
Firms
number.
Liabilities
thous. of dolls.
Dividend and interest payments, .thous. of dolls.
U. S. Steel Corporation's earnings..thous. of dolls.
New capital issues:
Corporations
thous. of dolls.
State and municipalitiesPermanent loans
thous. of dolls.
Temporary loans
thous. of dolls.
New incorporations
mills, of dolls.
Telephone earnings:
Total operating revenue
thous. of dolls.
Net operating incomes
thous. of dolls.
Credit conditions:
Orders
per ct. of total transactions.
Indebtedness
per ct. of total transactions.
Payments
per ct. of total transactions.

2,444
87,502
359,800
4,967

2,723
73,796
169,815

318,335

1,895
52,137
165,720
12,099

8,881
19,652 +121.3
295,121
627,401 +112.6
3,414,975 3,549,965 + 4.0
177,173
92,708 - 47.7

1913
1913
1913
1913

114
259
244
106

142
229
112
126

128
234
167
72

149
235
218
51

183
385
243
40

204 + 11.4
325 - 15.7
115 - 52.8

209,662 || 257,423

3,106,630

15.2

1913

173

188

75

187

232

153 - 34.1

313,746
51,075
619

75,928 ;| 76,181
13,228 ;! 60,586
844 | 1,243

773,665
664,087
14,999

1,420,616 + 83.6
762,037 + 14.7
7,959 - 46.9

1913
1913
1913

240
134
500

•224
150
722

371
148
292

381
115
214

921
127
359

223 - 75.8
33 - 74.1
490 + 36.3

37,871
6,398

32,903
5,983

374,938

435,177 + 16.1

65,575

90,871 + 38.6

1913
1913

251
162

262
173

220

287
220

172

101
89

105
90

93
109
91

92 - 0.8
109 + 0.2
91 - 0.4

2,634,869 -

17.5
37.8
52.5

1916
1916
1916

74
108

50.3

25.4
42.3
50.1

63
97
95

dolls, per share.
dolls, per share.

81.55
54.80

82.91 |j
54.20 jj

85.04
54.62

1913
1913

144
64

146

130
64

135

140

143 + 1 7
.
65

thous. of shares.

17,622

23.7

1913

344

231

186

221

255

222

1,388,237 + 30.6

1919
1919
1919

199
171
178

157
77
95

166
92
109

257
91
129

265
93
132

74.92
60.89
51.41
58.81
60.41
5.05

1915
1915
1915
1915
1915
1913

79
77
68
79
75
114

79
113

83
83
75
73
78
112

88
87
77
79
81
101

91
89
80
77
84
98

138,847 131,659
2,852 I 1,409

1913
1913

« 184
13

199
12

199 + 0.4
26 +109.4

106,061 i 94,520
1,379 I 1,256
21.44
25.17

1913
1913
1913

3 216

254

137,901
1,547

1913
1913

13 252

2,180 !

26,571 |
863 |

38,145
2,725

6,498
3,977
.655
35.035

4,825
6,691
.660
39.985

2o.5
42.2

Stocks and Bonds.
Stock prices, closing: *
25 industrials, average *
25 railroads, average *
Stock sales, N. Y. Stock
Exchange
Bond sales:
Miscellaneous
Liberty-Victory
Total
Bond prices:
Highest-grade rails
Second-grade rails
Public utility
Industrial
Combined price index
Municipal bond yield

- 11
.
15,394 | i 15,976

224,733

171,440 -

- 12.6
thous. of dolls.
thous. of dolls.
thous. of dolls.
per
per
per
per
per

ct. of par.
ct. of par.
ct. of par.
ct. of par.
ct. of par.
per cent.

219,342
408,222
81.62
67.59
59.12
54.22
64.10
4.38

191,216 i 112,065 1,062,753
228,613 1 181,421 2,824,870
1
419,829 1 293,486 3,887,623
1
83.23 |;
68.46 j|

61.07 1
1
71.63 j|
70.22 | j
4.41 \\

2,077,554 3,465,791 -

26.5
10.9

97 + 1.2
136 + 4.2

+
+
91 +
+
102 +
91 +
+

2.8
2.0
1.3
3.3
32.1
9.5
0.7

Corporation Stockholders.
( The following figures are quarterly.)
Pennsylvania Railroad Co.: *
Domestic*
number. "138,243
Foreign*
number. 18 1,362
U. S. Steel Corp., common stock: *
Domestic *
number. «105,355
Foreign *
,
number. " 1 , 3 6 8
Shares held by broker *
per cent of total. is 21.49
American Telephone and Telegraph Co.: *
Domestic *
number. 13172,970
Foreign *
number. 13 2,146
Gold and Silver.
Gold:
Rand output*
thous. of ounces.
Imports
thous. of dolls.
Exports
thous. of dolls.
Silver:
Imports
thous. of dolls.
Exports
thous. of dolls.
Price at New York
dolls, per fine oz.
Price at London
pence per standard oz.
i* Previous quarter ending September 30.




183,676

8,158

31,685
1,950
5,516
7,145

.658
35.645

|
|
|
'

417,068
322,207

113,617

8,114 0.5
699,999 + 67.8
23,631 - 92.7
63,319 51,577 -

28.1
54.6

13 13

49

42

0.7
256
90 + 0.8
42
0.0

13 113

149

325*
206

345 + 6.2
.
209 + 1 6

1913
1913
1913

87
841
223

719

1913
1913
1913
1913

155
116
108
152

162
128
110
145

13 84
13 60

96
978
8
251
91
119
150

597
25

500 - 16.1
11 - 55.7

198

185
137
110
129

217
76
110
127

114
141

+ 17.8
- 44.3
- 0.5
- 1.7

34
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed
tables covering other items, see previous issue of
the SURVEY (NO. 0).

INDEX NUMBERS.

Percentage
increase

CUMULATIVE TOTAL

Dec,
1921

Jan.,
1922

(+)
Corres- FOR CALENDAR YEAR. or deponding
crease
month,
(-)
Dec,
cumu1920,
lative
or
1921
1920
1921
Jan.,
from
1921.
1920.

1920 1921

1921

BASE
YEAR
OR
PERIOD.

Percentage in1922 |crease
or decrease

Dec.

Jan.

Oct. Nov. Dec.

Jan.

Jan.
from
Dec.

U. S. FOREIGN TRADE.
Imports by Grand Divisions.
Europe:
Total
France
Germany
Italy
United Kingdom
North America:
Total
Canada
South America:
Total
Argentina
Asia and Oceania:
Total
Japan
Africa, total
Grand total

thous. of dolls..
thous. of dolls..
thous. of dolls..
thous. of dolls..
thous. of dolls..

72,733
11,484
7,372
5,393
24,626

68,113
10,654
7,223
4,590
20,805

59,579
10,012
4,630

thous. of dolls..
thous. of dolls..

51,747
26,709

thous. of dolls.
thous. of dolls.

1,227,843
165,655

94

93

97

101

95

-

6.4

1913

103

92

120

99

92

-

7.2

1913
1913
1913

37

50

39

47

47

-

2.0

102

150

122

117

17,438

37.7
14.3
9.6
17.3
53.5

1913

75,357
513,847

764,942
141,885
80,280
62,290
238,797

85

85

97

109

56,529
25,214

64,179
34,232

1,662,663
611,863

754,727
335,441

54.6
45.2

1913
1913

274

27,106
4,307

22,803
5,229

30,750
5,730

760,999
207,777

295,623
89,926

61.2
71.2

1913
1913

218

thous. of dolls.
thous. of dolls.
40,242
thous. of dolls.
6,819
thous. of dollsV 237,373

65,237
27,941
4,513
217,195

49,898 1,476,691
414,579
8,939
150,285
4,391
208,797 5,278,481

653,361
251,268
40,373
2,509,025

55.8
39.4
73.1
52.5

1913
1913
1913
1913

148,939
17,730
23,669
9,266
64,853

325,219 4,466,091 2,363,910 - 47.1
676,191
35,825
224,942 - 66.7
311,437
48,812
372,325 + 19.6
371,762
29,357
215,463 - 42.0
110,794 1,825,033
942,107 - 48.4

1913
1913
1913
1913
1913

311

198

100 - 14.9
92

- 15.5

186

165

173

159

174 +

9.2

248

502

243

226

212 !-

5.6

107

162

164

138 - 15.9

141

444

225

202

245

+ 21.4

179
145
175
178

202

300

248

- 17.4

207

273

488

339

- 30.6

143

218

345

228

- 33.8

126

141

159

145 -

157

123

124

119

-

3.9

202

150

134

138 +

2.8

74

81

283

202

229

141

173

123

140

132 -

316
162

154

143

124

116

-

6.5

133

123

104

97

-

7.1

503
529

125

109

138

114 - 14.4

116

111

158

135 - 14.5

550
440
576
316

293

296

340

316

-

6.9

483

502

590

537

-

8.9

173

202

167

134 - 19.8

166

142

143

135

108
222
140

8.5

Exports by Grand Divisions.
Europe:
Total
France
Germany
Italy
United Kingdom
North America:
Total
Canada
South America:
Total
Argentina
Asia and Oceania:
Total
Japan
Africa, total
Grand total

thous. of dolls.
thous. of dolls.
thous. of dolls.
thous. of dolls.
thous. of dolls.

155,062
17,249
21,786
15,001

296
199
487
282

260
279
166
448
225

90

+

8.6

- 38.2
6.1

thous. of dolls.
thous. of dolls.

62,207 j 58,136
35,109 | 32,603

158,528
54,373

1,929,163
971,852

1,129,637 - 41.4
593,675 - 38.9

1913
1913

323

thous. of dolls.
thous. of dolls.

16,201
7,235

13,864
6,187

61,430
24,228

623,917
213,726

273,322 - 56.2
110,833 - 48.1

1913
1913

551

...thous. of dolls.
thous. of dolls.
thous. of dolls.
thous. of dolls.

58,804
30,718
4,031
296,306

38.1
37.7
56.0
45.5

1913
1913
1913
1913

500
352

1,943,862
771,494
711,500
454,824

1,088,020 I 44.0
568,581
26.3
271,175
61.9
245,096
46.1

1913

223

183

132

139

133

119 - 10.3

1913

| 246

203

184

171

162

140 - 13.0

1913

j 207

158

91

128

118

105 - 11.6

1913

| 214

116

111

113

110 -

3.2

1,335,567
50,894
145,654
1,120,732

711,787 ; 46.7
37,458 . 26.4
63,860
56.2
588,581
47.5

1913

I 221

212

142

144

136

144 +

6.4

1913

! 141

142

128

132

117

105 - 10.2

1913

! 211
J

132

126

121

133

121

I- 9.2

1913

| 230 233
|

147

149

138

151

9.4

122,988
53,240

107,051
30,245
50,053
26,636

51.9
34.4
59.3
50.0

1913
1913
1913
1913

1
1
!
|
;
;
|

4,441,657
266,141
3,331
24,933

2,915,258
114,743
1,716
24,662

34.4
56.9
48.5
1.1

1920
1920
1913
1913

67
i 62
|
!
! 46
i 38

!
|
I
I

54,727
95,201
27,985
22,846
3,232 | 13,893
278,898 654,271

|
I
|
:

1,043,184 645,378
377,942
235,424
165,662
72,869
8,228,016 4,485,123

-

184

506

688
348

TRADE AND INDUSTRY OF FOREIGN
COUNTRIES.
United Kingdom.
Imports (values):
Total
thous. of £ sterling. I 85,312 76,488 117,051
Food, drink, and tobacco.thous. of £ sterling. . 39,063 33,972
49,158
|
Raw material
thous. of £ sterling. . 27,792 | 24,565
37,005
1
Manufactured articles
thous. of £ sterling. J 18,291 ' 17,710
30,467
Exports (values):
i
Total
92,756
y . . t h o u s . of £ sterling. .j 59,375
63,147
Food, drink, and tobacco.thous. of £ sterling.
3,187 j 2,861 3,852
Raw material
thous. of £ sterling.
7,668
7,746 j 7,032
Manufactured articles....thous. of £ sterling.
79,746
47,368 | 51,824
Reexports (values):
Total
thous. of £ sterling.
9,204 | 8,459
9,955
2,435 ! 2,155
Food, drink, and tobacco.thous. of £ sterling.
2,160
4,263 | 4,015
Raw material
thous. of £ sterling.
4,904
Manufactured articles... .thous. of £ sterling.
2,501 | 2,285
2,865
Exports of key commodities (quantities):
Cotton piece goods
thous. of sq. yds. 330,476 | 339,348 249,613
Woolen and worsted tissues.thous. of sq. yds.
11,574 I 15,813
13,877
Iron and steel.
thous. of long tons.
205 i 254
236
4,309 j 4,021
Coal
thous. of long tons.
1,700




222,405

139
301
92
154

109

I

101

93 |- 8.1

163

114 | 108

183

162 |- 11.5

92
117

230 I 222
96

90

88 j

80

75

102

93

I- 5.8
L 8.6

84
92

67

96

98

63

50

49

52

71

57

38

47

50

61

28

56

59

70

+
|+
|+
L

2.7
36.6
23.9
67
.

35
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have ,
not been published previously in the SURYEY or i
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For detailed j Dee,
tables covering other items, see previous issue of
1921
the SURVEY (NO. 6).

\

I CUMULATIVE TOTAL
Corres- s F 0 R CALENDAR YEAR.

Jan.,
1922

ponding
month,
Dec,
1920, I
Jan.,
1921.

INDEX NUMBERS.

Per- I
centage
'increase

;

1920

i (+)

1920 1921 1

BASE
or de- j
YEAR
crease
OR
(-)
cumu- PERIOD.
lative
; Dec.
1921
from
1920.

•—
1921

1921

1922

Jan. Oct.

Jan.

Percentage increase
)
or decrease
Jan.
from
Dec.

i
TRADE AND INDUSTRY OF FOREIGN j
COUNTRIES—Continued.
United Kingdom—Continued.
Production:
Pig iron
Steel ingots
Coal*
Stocks, zinc*

long tons..; 275,000 288,000
long tons. J 381,000 327,500
thous. of metric tons.. j 22,951
short tons..! 14,297
12,781

France.
Imports (values):
Total, all commodities
Foodstuffs
Raw material
Manufactured articles
Exports (values):
Total, all commodities
Foodstuffs
Raw materials
Manufactured articles

8,006,900
9,056,800
232,831

1,982
347
1,101
534

32,427
7,539
16,417
8,471

23,458
6,205
12,317
4,856

-

1,883
189
436
1,258

i
j
i
mills, of francs..
3,063
mills, of francs..
754
mills, of francs..;
l, 856
mills, of francs.. j
453
j
mills, of francs..! 2,183
mills. of francs..
260
mills, of francs..
550
mills, of francs..
1,373

642,100
493,400
23,891
16,635

2,611,400 j - 67.4
3,624,800 - 60.0
165,095 - 29.1

19,339 i
1,951 j
4,180 |
13,145 |

21,553
1,933
5,558
14,063

!+ 11.4
- 0.9*
+ 33.0
-I- 7.0

1913

!|

98

|

28 | 32 32 ; 34 + 4.7
63 i 69 60 | 51 - 14.0
71 | 75 94
62 56
50 j - 10.6

| 80

1 117
1

<1920

27.7
17.7
24.5
42.7

1913

1913

77

1913
1913

1913
1913

I 634
;
283
317
jj 602
229 475
1 587 i 267 289
1
! 813 I 387 230
|

1913
1913
1913
1913

396 328
411 270
| 338 281
j
! 418 361
|

332
374
351
235

436
499
450
328

1

i
!
|
|

307 ! 305 381
189 j 224
371
311 I 309 355
329 320
395

The Netherlands.
Total trade (values):
Imports
thous. of florins.. 180,001
Exports
thous. of florins.. 97,115
Exports of key commodities (quantities):
Butter
metric tons..
1,174
Cheese
metric tons..
3,476
6,022
Margarine
metric tons..
438
Flower bulbs
metric tons..
Germany.
Total trade (values):
Imports
thous. of dolls..
Exports
thous. of dolls..
Production:
Coal*
thous. of metric tons..
Lignite*
thous. of metric tons..
Canada.
Total trade:
Imports
thous. of dolls..
Exports
thous. of dolls..
Exports of key commodities (quantities):
Canned salmon
thous. of pounds..
Paper, printing
thous. of pounds..
Cheese
thous. of pounds..
Wheat
thous. of bushels..
Production:
Pig iron*
thous. of long tons.. \
Steel ingots*
thous. of long tons..
Bank clearings*
mills, of dolls.. j

298,867
156,923

3,332,426
1,701,481

3,494
2,173
8,330
420

20,672
45,241
92,990
16,406

2,240, 352 - 32.8
1,369,621 - 19.5

1919
1919

127
133

-2.2
+ 15.6
- 25.3
+ 34.2

1913
1913
1913
1913

113
40
141
20

20,216
52,291
69,468
22,021

75
91

76
83

54
75
91
2

76

38
63
102
21

23
24

72,035
76,767

106,996

11,923
11,029

11,926
10,110

131,427
111,636

136,123 + 3.6
122,895 + 10.1

1913
1913

75
139

76

76

139

145

74 75
144 152

72,252
81,934

1,336,899
1,302,804

799,195 - 40.2
816,694 - 37.2

1913
1913

154
480

129
261

106
259

115 107
279 277

- 14.3
150 i- 46.0

39,481
44,001 + 11.4
1,523,890 1,418,483 ; - 6.9
136,581 i - 4.3
142,769
123,060
146,854 + 19.3

1913
1913
1913
1913

252
532
73
415

107

610

469

537

548
124
349

104
594
65
412

110 + 6.3
553 - 6 . 8
12 - 81.8
73

57
86
186 I 192 208

48
49
200

168 - 15.8

253
230

265
277

290 + 9.4
165 - 40.3

111
113

124
103

115
162

132
183

60,050
87,186

51,476
47,098

1,821
1,935
1,873
145,320 135,402 114,683
1,520
8,371
8,715
34,492
6,103 j 11,446

1913 I
j
1913
54

,

67

134

137

252

1,304

54
56
1,440

974
1,109
19,527

595 | - 38.9
667 ! - 39.9
16,802 | - 14.0

1913
1913
1913

thous. of yen. . 161,166 176,300
!
thous. of yen. ! 146,083 87,200

105,231
75,067

2,336,175
1,948,394

1,615,789 - 30.8
1,252,854 - 35.7

1913
1913

173
166

9,014
5,719

105,924
83,624

56,122 - 47.0
58,108 j - 30.5

1913
1913

253 |

214

103

72

90

15,363
10,197

147,747
139,174

«120,004 j - 18.8
e 127,954 - 8.1

1913
1913

231
156

262

104

174

147

40
43
1,549

49

46

Japan.
Total trade (values):
Imports
Exports

173

215

142

212

South Africa.
Total trade (values):
Imports
Exports

thous. of £ sterling.. 4,416
thous. of £ sterling.. j 5,703

Australia.
|
Total trade (values):
j
Imports
thous. of £ sterling..
8,800 •
Exports
thous. of £ sterling-. 12,000 j
• April-December average.




107

« Cumulative includes approximate figures for October, November, and December, 1921.

36

LIFE INSURANCE—NEW BUSINESS.
(A) INDEX NUMBERS AND (B) NUMERICAL DATA.
From trade and commercial sources.l
[Base year in bold-faced type.]
GROUP
INORDINARY INDUSTRIAL SUR- j TOTAL
ORDINARY
INSURANCE INSURANCE ANCE ! INSURANCE INSURANCE
(39 c o m (39 com(6 c o m (39 companies).
(11
panies).
panles).
panies).

INDUSTRIAL
INSURANCE
(6 companies).

cnies). ompa

YEAR AND MONTH.

NumNumber of Value. ' ber of Value.
policies.
policies.

Value.

Number of Value, i
(policies.
Thousands of
nnli'pioc

Thousands of
rlnileirc

;

Thou- ! Thousands of sands of
policies.!

Relative to 1913.
A.—INDEX NUMBERS.
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly
1920 monthly
1921 monthly

average.
average.
average.
average.
average.
average.
average.
average.
average.

1921.
January

100
100
105
120
141
143
232
265
212

1OO
100
97
108
104
113
127
109
150
109
114
157
122
274 t
333 , , 132
275
145

1OO
106
112
113
119
127
150
179
202

I

•
|
|

1OO
182
221*
350
755
1,204
1,992
1,895
508

TOTAL
GROUP
INSURANCE
INSURANCE
(39 companies).
(11 companies).

NumThou- i Thouber of sands of sands of
policies. dollars. policies.

Thousands of
dollars.

B.—NUMERICAL DATA.

! IOO

\

154

|

156

IOO
101
107
125
146
157
252
302 i
256

107
112

t HI
115
:

119

,

141

74 $131,310
380
74
127,797 |
410
78 , 136,078
429
89 ' 167,180
415
104
196,590
414
106
205,725
433
359,222 ! 465
172
436,848 ! 500
196
360,996 i 550
157

$51,909
55,217
58,128
58,645
61,484
66,099
77,901
93,044
104,813

4
4
8
25
60
55
134
829
368

$1,445
2,628
3,188
5,052
10,908
17,401
28,785
27,377
7,335

453
484
507
504
519
540
637
697
707

8184,664
185,641
197,393
230,877
268,982
289,225
465,908
557,269
473,144

192
212
245
245

254
268
312
312

128
127
163
133

180
177
228
184

413
368
663
464

139
142
177
152

234
243
291
277

142
157
181
181

333 206
351 349
409,373
409 812

1

487
484
621
507

93 357
91 866
118,478
95 759

526
692
555
419

5 974
5 324
9 581
6 709

629
642
803
689

432 537
448,539
537,432
512 280

301
293
268
250

172
145
J13
117

241
202
158
163

555
383
283
357

181
I 158
! 129
129

286
268
237
226

168
165
151
140

394 704
384 196
351 447
328,181

>]

652

July
August

227
223
204
189

550
431
446

125
104
81
84

232
909
872
583

295
292
254
200

8 023
5 529
4 088
5 153

820
716
583
586

527
494
437
417

958
634
406
917

October
November
December

191
199
191
223

232
250
244
317

133
177
153
174

186
249
210
244

319
297
232
1,757

143
181
159
183

220
250
234
308

141
147
141
165

304 490
328 358
320,424
416 405

507
672
581
662

96 805
129 165
109 087
126 646

188
242
272
483

4
4
3
25

607
293
350
388

648
819
722
827

405
461
432
568

902
816
862
439

172

232

142

200

920

147

229

127

305,081

538

103 725

258

13 287

665

422 093

March
April
May
June

1922.

'
!
!
j
!

February
March
1
Compiled by the Association of Life Insurance Presidents. The data represent only new business that has been paid for, exclusive of revivals, increases, and dividend
additions. The 39 companies whose new business is included in this table had in force 76.94 per cent of the total legal reserve life insurance outstanding in the United
States as of December 31,1920.




37

CORPORATION STOCKHOLDERS.
(A) INDEX NUMBERS AND (B) NUMERICAL DATA.
Data from commercial and trade sources.1
[Base year In bold-faced type.]

PENNSYLVANIA
RAILROAD
CO.

YEAR AND MONTH.

U. S. STEEL
CORP.,
(COMMON
STOCK).

AMERICAN
TELEPHONE PENNSYLVANIA
AND TELE- RAILROAD CO.
GRAPH CO.

Stockholders. Stockholders. Per- Stockholders.
Stockholders.
centage of
shares
DoDoDoFor- mesForFor- 1 Do1
For- held mesby
meseign. ! mestic.
eign.
eign. brokeign.
tic.
tic.
tic.
ers.

1918 quarterly
1919 quarterly
1920 quarterly
1921 quarterly

average.
average.
average.
average.

Domestic.

Foreign.

Stockholders.
Percentage
of
shares
held
by
brokers.

Domestic.

Foreign.

Number.

53,205

47,777
«42,020
39,365
44,531

1,529
1,697
* 1,980
939
1,191

51.48

122
114
96

11,258
11,839
11,816
6,884
2,235

41,436

78,682
81,603
85,343
93,331

46.73
45.87
55.08
51.88

56,932
62,279
67,504
78,597

180
217
247
308

110
119
122
193

102,798
111,316
126,424
138,450

1,773
1,727
1,500
1,743

64,314
73,510
88,085
104,621

1,484
1,475
1,300
1,341

43.22
30.35
22.45

96,035
115,482
131,643
163,753

1,143
1,239
1,267
2,013

60
49

231
247
252
259

113
113
113
149

121,326
124,943
127,768
131,659

1,595
1,525
1,472
1,409

82,246
1,337
33.46
32.09
85,909
1,320
89,665 | 1,287 30.69
25.17
94,520
1,256

122,999
131,558
134,112
137,901

1,173
1,173
1,174
1,547

47
44
42
42

272
289
325
345

170
188
206
209

144,716
153,649
172,970
183,676

1,774
1,953
2,146
2,180

108
112
117
128

1OO
105
105
61
20

1 1OO
I 115
1 2 101
!
95
107

1OO
111
2 129
61
78

100
91
89
107
101

107
117
127
148

141
153
174
190

16
15
13
15

155
177
213
252

97
96
85

84
79
59
44

174
179
184
189

15
14
13
13

198
207
216
228

87
86
84
82

65

197
201
199
199

13
12
12
26

249 j

251 j

84
87

254
256

90

100

Stockholders.

B.—NUMERICAL DATA.

A . - I N D E X NUMBERS.
average.
average.
average.
average.
average.

AMERICAN
TELEPHONE
AND TELEGRAPH CO.

Number.

Relative to 1913.

1913 quarterly
1914 quarterly
1915 quarterly
1916 quarterly
1917 quarterly

U. S. STEEL
CORP.,
(COMMON
STOCK).

100

100
113

72,714

40. es

1,041
1,175
1,270
1,187

1920.
March
June
September
December

1921.
March
June
September..
December..

I 137,007 ! 1,386
| 139,702 | 1,373
138,243 j 1,362
138,847
2,852

103,093
103,976
105,355
106,061

1,283
1,334
1,368
1,379

24.27
22.61
21.49
21.44

1922.
March.
1
These data showing the growth of stockholders in three prominent companies—a railroad, a public utility, and an industrial—have been furnished direct by the respective companies and represent the number of holders of common stock on their books at the end of each quarter, i. e., Decemberfiguresare for Dec. 31 or Jan. 1.
*Dec. 31figures;other quarters of 1915 not available.




38
ENAMELED SANITARY WARE.
INDEX

NUMBERS.

Based on data from commercial and trade sources.^
[Base year in bold-faced type; numerical data on opposite page.]
BATHS.
YEAR AND MONTH.

Orders

LAVATORIES.
Orders
received.

I Orders
Orders
; received. | shipped.
|

shipped.

SINKS.
Orders I w
k
shipped.! S I O C K S '

MISCELLANEOUS.
Orders I Orders
received, j shipped.

Orders
j received.

Relative to 1919.
1913 monthly average..
1914 monthly average..
1915 monthly average..
1916 monthly average..
1917 monthly average..
1918 monthly
1919 monthly
1920 monthly
1921 monthly

average..
average..
average..
average..

104
108
122
143

115
123
136
148

111

106
129
136

122
103
144

96

78

56

144

31

71

95

47

61

116

40

82

100

100

100

100

100

53
59

100
110

100

50
179

100
31

100

149
120

100
112
127

78

65
73

115
65
74
59

1920.
January..
February.
March
April

134
139
170 .
113

37
33
62

May....
June
July....
August.

149
158
160
164

57
52
29
31

September..
October
November..
December..

178
181
156

28
124

73
77

130
91
107

40

122

93
86
114
80

74
54
52
64

57
45
51

111
138
130

43
37
27
23

29
33
61
138

36
30
22

117
120
131
125

22
21
27
32

59
83
33
27

110
120
136
111

38
34
39
50

23
30
42
47

102
136
129
129

49
59
84
84

65
65
73
67

75
96
128
123

64
78
86
85

51
63
68

114
123
124
135

84
87
95
92

63
74
83
87

124
123
121
134

84
88
94
lt)3

67
72
80

92
111
70
68

134
170
130
105

73

109

135

103

1921.
January..
February.
March....
April

65
71
78
100

214
280
301
271

May....
June
July....
August.

101
118
142
163

202
154
116

September..
October
November..
December..

157
183
148
112

75
71
96
126

59
60

145
169
120
99

140

127

84

138

82

72
67
66
72

92
104
143
137

69
68
52
39

109
119

96
100
59
112

61
100
66
76

108

91

57

108

93

88

71

85

100

102

74

103

61

99

67

71

76

104

64

61

59

120

54

72

63

117

61

59

80

111

57

68

44

127

51

49

45

141

41

57

31

110

51

35

25

103

63

26

54
52
78
71

54

104

50

98

68

129

69

130

82
101
118
121

72

103

115

68

78

115

117

84

69

117

120

70

81

125

132

102

88

131

118

92

85

110

154

103

108

91

71

117

101

75

106

71

97

115

71

137

104

130

1922.
January..
February.
March




1

See footnotes on opposite page.

39
ENAMELED SANITARY WARE.
NUMERICAL DATA.
Data from commercial and trade sources.1
[Base year in bold-faced type; index numbers on opposite page.]
BATHS.
YEAR AND MONTH.

Orders
shipped.

SINKS.

LAVATORIES.

I
at/wire I Orders
Orders
Stocks. I r e c e l v e d . | shipped.
!

Orders
received.

Orders
shipped.

MISCELLANEOUS.

«&t<wk«. | Orders
Stocks
recelved#

Orders
shipped.

j Orders
received.

I

Number.
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

average
average
average—
average—
average—

1918 monthly
1919 monthly
1920 monthly
1921 monthly

average—
19,495
average— 34,608
average....
51,441
average....
41,510

47,754
49,527
55,769
65,230
44,888

39,831
42,450
46,977
51,181
33,172

53,428
57,789
70,626
74,293
48,419

31,555
34,655

29,367
40,887
22,201

43,302
109,318

34,322
73,612
53,438
56,565

33,097
54,584
60,231
66,458

145,329
125,814
66,333
111,764

60,530

21,514

32,697

132,369

42,175

69,872

45,768

139,751

20,951 j 36,774
75,324 * 40,911

51,438
58,169

35,089

23,405

77,034

25,427

88,018

28,383

79,869

41,900

57,502
64,577

31,062
33,640

47,410
89,394

27,691
31,803

1920.
January
February
March
April

46,312
48,032
58,674
39,101

13,784
15,431
14,027
26,132

80,057
45,547
51,488
40,930

40,779
39,406
56,818
40,896

39,783
53,798
46,682
55,891

95,699
66,770
78,870
48,358

50,596
46,915
62,240
43,401

92,795
67,454
65,611
81,096

94,760
81,959
88,285
53,892

25,957
25,054
28,915
28,153

45,890
57,011
59,026
53,638

45,228
35,671
42,961
29,559

May....
June—
July....
August.

51,528
54,817
55,455
56,838

24,222
21,986
12,363
12,973

26,357
40,164
31,146
35,670

40,314
50,739
63,118
59,331

59,506
51,808
37,186
32,135

53,193
49,234
48,413
53,104

50,210
56,604
77,840
74,671

87,058
64,873
49,104

66,816
51,657
55,627
70,202

29,604
33,956
33,166
31,483

51,431
43,150
48,776
45,594

25,376
30,116
24,805
28,366

September..
October
November..
December..

61,617
62,683
54,008
28,230

12,324
14,024
25,929
58,221

24,950

21,298
15,558
8,119

53,708
54,934
59,994
57,221

30,262
29,985
37,291
45,291

43,196
60,849
24,009
19,560

60,097
65,728
74,030
60,444

47,643
42,733
48,787
63,453

38,357
39,209
27,049
22,208

36,114
39,948
31,125
29,272

40,463
32,835
40,671
50,440

20,655
23,824
14,685
11,045

1921.
January
February
March
April

22,444
24,499
27,157
34,573

118,205
127,128
114,391

16,340
21,302
29,460
32,625

46,811
62,097
59,263
59,140

69,052
82,501
117,204
117,750

47,846
48,022
53,481
49,060

40,979
52,181
69,623
67,141

80,752
97,924
107,730
106,862

47,243
44,442
59,456
61,120

29,494
27,738
36,737
37,020

65,831
80,533
94,389
96,524

22,553
.21,757
32,810
29,571

May....
June
July....
August.

35,011
40,933
49,314
56,515

99,525
85,062
64,969
49,009

35,717
43,973
47,187
61,861

52,323
56,278
56,733
61,667

117,422
121,969
132,453
128,354

46,686
54,428
61,378
63,882

67,487
66,924
65,861
73,047

105,916
110,776
118,638
129,570

63,250
60,449
71,191

29,341
32,674
33,155
35,616

91,737
93,365
95,792
105,781

28,661
35,084
29,505
36,788

September..
October
November..
December..

54,377
63,217
51,259
38,818

31,474
30,010
40,667
53,140

57,024
62,279
41,173
41,993

66,328
77,293
54,924
45,176

118,272
94,091
100,912
111,834

67,381
81,978
51,677
49,961

73,101
92,820
70,899
57,430

127,822
107,332
114,830
133,014

77,359
97,104
62,228
62,222

37,268
43,792
33,330
27,518

94,134
82,017
80,980
91,643

38,359
45,137
31,537
29,879

48,425

53,422 | 58,420

63,047

102,190

80,124

73,877

129,586 | 84,791

38,831

83,242

54,545

1922.
January..
February.
March....

I
* Data furnished by the Enameled Sanitary Ware Manufacturers* A ssociation and said to represent approximately 98 per cent of the total output in the United States. The
Association explains that orders shipped are the best current index of the industry. Orders received are likely to pyramid during periods of great activity to be followed
by cancellations if the demand drops off. Stocks always increase during the winter and spring months because more efficient work at the enameling ovens can be done
in cold weather and manufacturers operate at maximum capacity as long as they can finance operations and find storage capacity for the products.




40
PRICES AND EMPLOYMENT.
INDEX NUMBERS.
Based on data front Government and trade sources.1
[Base year in bold-faced type; numerical data on opposite page.]

WHOLESALE PRICES.

Beef (fresh).
YEAR AND MONTH.

Pork.

Chemicals.'

Good
Steer
Price
native rounds, Loins,
index,
fresh,
steers,
No. 2, Chicago.
Chicago. Chicago.]

RETAIL PRICES.3

!i

NEW YORK
EM- ; UNEMCLOSING
j PLOY-i PLOYSTOCK PRICES.* MENT.&; MENT.

Coal.

U. S.

AnthraAnthraBitucite,
Bitu- Anthra- cite,
cite,
minous. chest- minous. stove. chestnut.
nut.

25
industrials.

25
railroads.

I Relative
Relative i to Apr.tol921. j Dec.
average.

Relative to 1913.

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

average..
average..
average..
average..
average..

1918 monthly
1919 monthly
1920 monthly
1921 monthly

average..
average..
average..
average..

100

1OO

1OO

100

1OO

1OO

105

102

103

100

100

106

100

95

96

100

100

103

100
100
99

122

105

103

104

112

130

1OO

107

99

109

167

124

164

212

factories, em- Pennsylployees , ' vania.«t
r\1 twttdka
vanla
on |
pay roll, i

100
100
130
167
147

1OO

119

100
100
99
104
117

94
95
83

171

169

198

279

177

129

144

128

127

139

74

180

171

212

242

187

156

147

153

150

182

75

178

163

207

255

266

179

207

193

190

184

126

110

151

152

207

198

197

196

192

137

64

1920.
January...
February..
March
April

179
164
158
161

153
149
145
145

164
183
197
230

242
252
252
261

186
186
186
250

160
160
160
160

162

163

161

207
184
202
212

70
68

May
June—
July
August..

151
172
197
197

145
164
211
191

190
187
221
247

279
274
274
264

273
273
273
273

171
178
180
183

188
194
203

182
185
186

1J9
181
183

190
192
191
177

65
64
65
66

September.
October—
November..
December..

201
195
185
171

183
165
157
142

271
258
197
139

267
263
240

323
323
323
323

198
198
198
199

223
230
231
227

204
208
210

200
204
206>
206

181
177
155
144

71
74
70
64

1921.
January...
February..
March
April

134
124
126
127

122
109
115
122

146
130
170
182

181
166
157
140

255
232
221
221

200
200
200
191

218
210
205
195

207
204
202
192

204
201
198
188

146
149
143
147

65
63
62

May
June
July....,
August..

127
124
115
124

120
118
122
122

143
147
148
158

221

186

193
195
198
198

191
191
193
193

191
191
193
194

188
187
189
190

148
131
127
121

65
61
64
64

September.
October....
November..
December..

123
127
133
127

110
96
87

184
162
121
95

147
151
147 |
145 !

186
186
186
175

201
201
201
201

193
192
190
189

194
195
195
195

190
191
191
191

128
130
135
140

65
64
66
66

100
101
96

119

90

108

144

171

200

183

194

190

143

65

100

j
|
I
!

150
131
150
192

1OO

71OO

104
103
102
101
101
98
97

91
88
100
112
107
105
105
102

1922.
January...
February.
March




> See footnotes on opposite pag«.

122
119

41

PRICES AND EMPLOYMENT.
NUMERICAL DATA.
Data from Government and trade sources.1
[Base year in bold-faced type; index numbers on opposite page.]
NEW YORK
CLOSING
STOCK PRICES/

WHOLESALE PRICES.

Beef (fresh).
YEAR AND MONTH.

Coal.

Pork.

25
indusGood
Steer Loins,
AnthraAnthra- Anthra- ! trials.
native rounds,
BituBitucite,
cite,
cite, ||
steers, No. 2, fresh, minous. chestnut. minous.
stove. chestnut.il
Chicago Chicago Chicago
Dollars per pound.

EMj UNEMPLOY- j PLOYMENT.& I MENT.
I

I Dollars per Dollars per!1
1
short ton. long ton.

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average

$0,130 $0,131 $0,149
136 .133
.154 |
129
.124
.143
138 | .130
.162
j .167 j .162
.244

1918 monthly
1919 monthly
1920 monthly
1921 monthly

j
I
I
'

Dollars per short ton.

2.200
2.200
2.675
4.583

$5,313
5.315
5.326
5.565
5.936

$5.43
5.73
5.58
5.60
7.08

$7.73
7.70
7.69
8.03
9.19

6.861
8.268
9.501
10.527

7.80
8.00
11.24
10.68

9.92
11.83
14.95
15.17

8.81

Dollars per share, j

$7.91
7.89
7.86
8.20
9.28

3.883
4.108
5.850
4.558

25
railroads.

$58.15
58.23
75.66
97.31
85.33
81.01
106.08
107.21
79.76

61.39
62.10
56.07
53.31

12.59

12.77

120.51
106.96
117.74
123.35

Pennsylvania.*

Number.

Number
unemployed.

1,559,316

263,027

$82.92
77.89
73.39
78.87

10.05
11.89
15.04
15.22

U.S.
factories,
employees
on pay roll.

56.27
55.03
58.32
56.14

i|

average
average
average
average

{

.221 | .221
.233 .224
.230 .213
.163 .145

.295
.315
.307
.225

.232
.213
.205
.209

.200
.195
.190
.190

.244
.273
.293
.342

4.100
4.100
4.100
5.500

8.518
8.513
8.514
8.522

.190
.215
.276
.250

.283
.278
.328
.368

6.000
6.000
6.000
6.000

9.059
9.462
9.551
9.711

10.19
10.55
11.04

14.07
14.28
14.40

14.14
14.33
14.50

110.77
111.83
110.81
102.82

54.29
53.02
53.97
54.97

.384
.293
.206 |

7.100
7.100
7.100
7.100

10.541
10.536
10.543
10.548

12.12
12.50
12.53
12.30

15.77
16.08
16.22
16.16

15.85
16.15
16.29
16.29

105.06
102.94
89.88
83.83

58.50
61.48
57.89
53.02

5.600
5.100
4.850
4.850

10.637
10.637
10.642
10.141

11.82
11.41
11.15
10.58

15.99
15.80
15.63
14.87

16.13
15.88
15.66
14.86

85.04
86.47
83.34
85.38

54.62
53.86
51.94
51.26

1,628,134
1,612,611
1,587,786
1,580,749

233.645

4.850
4.600
4.600
4.100

10.241
10.360
10.502
10.540

10.39
10.39
10.47
10.46

14.79
14.77
14.89
14.96

14.88
14.83
14.95
15.01

86.32
76.40
73.85
70.45

54.19
50.70
53.35
53.48

1,573,538
1,527,124
1,510,210
1,526,479

238,625
232,520
263,000
294,985

4.100
4.100
4.100
3.850

10.658
10.662
10.656
10.653

10.47
10.41
10.34
10.27

15.03
15.07
15.11
15.09

15.06
15.10
15.14
15.13

74.28
75.36
78.76
81.56

53.74
52.97
54.77
54.80

1,544,529
1,560,155
1,567,374
1,493,107

282,125
276,675
276,345
269,322

3.750

10.641

9.90

14.97

15.01

82.91

54.20 | 1,556,507

321,893
313,835

1920.
January...
February.
March
April

j

May
j June
July
August..

.195

i

.223 I
.255 I
.255

September..
October
November..
December..

260
252
240
225

.240

174
160
163
165

.160

May
June
July....
August..
September..
October
November..
December..

.216
.205
.186

!
i

1921.
.143

.218 I
.193 I

.150

.253

.160

.270

j

.165
.160
.149
.160

January...
February.
March
April

.158
.155
.160
.160

.223

i

.160
.164
.173
.164

.144
.125
.114
.108

.274
.240
.180
.141

.154 ! .118

.160

.195. j
.223 j
.285 |

j

1922.
January...
February.
March

1
Data on prices of beef, pork, and coal, both wholesale and retail, are monthly averages from the records of the U. S. Department of Labor, Bureau of Labor Statistics.
The index of chemical prices is compiled by Chemical and Metallurgical Engineering. New York closing stock prices are those compiled by the Annalist. Employment
in United States factories from U. S. Department of Labor, Employment Service. Unemployment in Pennsylvania is furnished by the Pennsylvania Department of Labor
and 2Industry, Bureau of Employment.
The chemical price index from Chemical and Metallurgical Engineering includes quotations on 25 commodities selected on the basis of their importance as representing
both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of total production plus total imports in the
year 1919. Thefiguresare averages of weekly prices.
* Retail coal prices represent the averages for the United States based on quotations from 51 cities.
• New York closing stock prices are repeated here because of certain revisions in the 1921 figures.
» The index number of employment in United States factories has been recalculated, using the 1921 monthly average as 100 instead of the single month.
«The figures on unemployment in Pennsylvania are said to be estimates based on prompt and regular reports from reliable sources as of the first day of the month.
They represent only total and involuntary unemployment and do not include habitual idlers, floaters, etc.
i Average of 9 months, April to December, 1921.




42

COAL PRODUCTION IN FOREIGN COUNTRIES.
INDEX NUMBERS.
From Government sources.1
[Base year in bold-faced type; numerical data on opposite page.]
COAL.

Y E A R AND MONTH.

United
Kingdom.

Germany.

France.

Belgium.

Chechoslovakia. Poland.

100
85
77
84
88

100
67
48
52
71

100
73
62
74
65

64
54
85

61
81
98

57

84
61
69
72

81
98
74

66
64
64
63

80
70
75

88
105
100

78

73
100
76
70

65
69
73
68

81
90
95
90

91
99
100
97

September..
October....
November..
December..

98
41
67

73
75
75
75

94
96
93
97

January..
February.
March
AprQ

77
73
69
24

76
76
72
75

May....
June
July....
August.

24

average.,
average..
average..
average..
average..

100
92

1918 monthly average..
1919 monthly average..
1920 monthly average..
1921 monthly average..

79
80

1920.
January...
February.
March
April
May....
June
July....
August.

September..
October
November..
December..

100

Japan.

Canada.

Union of
South
Africa.

Germany.

Czechoslovakia.

100
96
94
114
118

100
96
101
108
110

100

112
117
130

115
108
128
141

Relative to 1913.

64

71
75
94

100
105
96
107
124

100
91

132
147
137

100
91

100

181
181
210

109
104
84
104

197
176
200
189

127
128
157
153

91
85
85
79

114
106
135
125

120
116
109
122

73
67
82
84

87
101
117

185
205
224
222

153
145
132
116

79
90
87
87

131
134
141
135

120
132
127
133

100
103
86
108

81
78
85
74

99
95
105

229
235
229
235

125
130
134
147

90
88
99
98

131
136
137
141

139
144
135
139

93
85
87
90

84
87
88

107
93
95
90

84
87
85

104
106
114
124

221
179
188
186

118
104
122
114

85
78
74
62

134
122
131
135

139
138
136
143

95
91
97
91

55
65
68
74

86
96
95
99

84
89
93
97

78
83
79
85

84
125
123
124

182
216
212
199

109
104
102
92

70
74
78

135
132
131
141

129
138
139
146

83
88
88
93

73

24

100
103
121
138
161

100
98

99
100
95
103

80
72
81

123
126

223

83

135
123
125

143
145
144
152

92
84
97

76

74
78

65

74
75

1922.
January...
February.,
March....,




Netherlands.

Relative
to 1920.

Relative to 1913.

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

LIGNITE.

1

Se« footnotes on opposite page.

238

96
94

74
86

70
77
95
85

80
85
86

43

COAL PRODUCTION IN FOREIGN COUNTRIES.
NUMERICAL DATA.
From Government sources.1
[Base year in bold-faced type; index numbers on opposite page.]
COAL.

Y E A R AND MONTH.

United
Kingdom. Germany. France.
C1)
C1)

Belgium.

LIGNITE.

Czechoslo- i Poland. Nether- Japan.
lands.
vakia.

Canada.

I Union
CzechoS ( £f t n j Germany. slovakia.
Africa. |:

Thousands of metric tons. 3
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average.
1919 monthly average.
1920 monthly average.
1921 monthly average.

24,342
22,499
21,443
21,711
21,044
19,286
19,458
19,402
13,758

15,842
13,449
12,239
13,264
13,979
13,376
i 9,723
110,950

3,404
2,294
1,628
1,776
2,410

1,904
1,393
1,181
1,405
1,243

2,188
11,822
12,890

1,157
1,540
1,866

1,870
1,684
2,006
1,901

19,567
19,790

10,400

* 23,927
18,042

10,146
10,035

2,927
2,715
2,380
2,553

May....
June
July....
August.

17,795
* 24,225
18,409
17,151

10,224
11,008
11,509
10,788

2,766
3,065
3,218
3,074

1,737
1,887
1,911
1,856

September..
October
November..
December..

» 23,883

11,550
11,870
11,814
11,926

3,213
3,283
3,171
3,317

1,909
1,967
1,634
2,052

12,009
12,009
11,460
11,906

3,246

3,009

2,041
1,778
1,800
1,712

16,191
«23,891

156
161

1,776
1,858

1,135

665

7,269

641

6,975
7,329
7,849
7,962

189

1,908

251

874
928

1,707

216

2,197

1,031
1,003
1,095
1,062

283
283
328

2,336

1,133

747

2,606

1,035

776

2,437

1,001

867

581

307

1,038

757

553 |

274

960

707

534

626
757
785

111,351

1920.
January...
February.
March
April.

9,960

1,189

10,157

771
933

8,389 •!.
7,820 |
9,303
10,250

1,918

1,411

8,700
8,426
7,902
8,900

1,516
1,473
1,823
1,634

939
895

8,705
9,572
9,235
9,651

1,645
1,539
1,623
1,648

451 j

312

558 I

295

2,260
2,267
2,787
2,712

467 |
541 i
627 i

2,719
2,577
2,340
2,068

901
1,016
992

517 j

288
320
349
347

966

526 |

357

1,018

872

10,103

924

509

367

1,002

905

10,493

1,119

913

9,839

1,114

937

10,110

1,779
1,627
1,664
1,722

811
873
897

10,071
10,039
9,876
10,374

1,817
1,749
1,867
1,750

877
873
939

10,058
10,068
10,606

1,597
1,696
1,685
1,786

818
832

10,359
10,567
10,479
11,029

1,026
981
863
796
979
1,004

1,015

560

358

. 874

522

367

2,223
2,315
2,375
2,602

1,027
998

557
566

1,039
1,012

661

345
279
293
290

2,101
1,849
2,173
2,018

926

447

284
337
330
311

1,933
1,844
1,804
1,642

965
897

1921.
January...
February.
March
April
May....
June
July....
August.
September..
October
November..
December..
1922.
January...
February..
March

18,854
17,661
16,712
60

2,875
2.969

60
15,463
16,869

8,771
10,295
10,731
11,727

2,919
3,258
3,218
3,386

1,592
1,700
1,777
1,840

* 20,980
17,251
18,174
«22,951

11,607
11,977
11,708
11,923

3,393
3,337

1,876
1,906
1,818
1,965

60

988
944
1,014
949
861
964

658 !

659^
672*

965
840
705

844
883 i

947

348
372

1,766
1,618
1,860

I

i Compiled by the Department of Commerce, Bureau of Foreign and Domestic Commerce, from official sources. Figures for France include lignite (averaging 66,000 tons
per month in 1913). Beginning 1919, Alsace-Lorraine (averaging 203,000 tons monthly in 1919, and 264,000 tons in 1920), is included with France instead of with Germany
and beginning 1920, the Saar district (784,000 tons per month) is similarly transferred. Upper Silesia, whose disorders were responsible for the curtailment of German
production in May, 1921, is still included with Germany.
• Five weeks' period; other months cover four weeks.
«One metric ton is equivalent to 2,204.6 pounds.




44

IRON AND STEEL PRODUCTION IN FOREIGN COUNTRIES.
INDEX NUMBERS.
Based on data from Government sources.*
[Base year in bold-faced type; numerical data on opposite page.]
PIG IRON.
United
Kingdom. Canada.

YEAR AND MONTH.

France.

i
Belgium.

Luxemburg.

1

STEEL INGOTS.
!
United |
France.
K i n g d o m . Canada.

Belgium.

Luxemburg.

100
56
23
41
47

100
57
4
4
(*)

100
96
82
109
89

Relative to 1913.
100
72
63
77
60

100
102
112
120
128

100
71
87

10
45

50
24
27

125
103
118
47

161
89
106
64

38
46
62

14
51

72
32
50

45
47
46
41

20
26
32
37

20
17
18
15

118
125
131
124

106
97
111
107

49
49
47
47

28
35
39
49

40
30
96
32

104
95
100
111

52
62
69
74

44
49
54
56

21
27
25
30

132
132
124
111

103
105
108
121

43
62
64
70

48
55
58
60

30
47
49
55

87
62
47
80

112
125
112
64

80
85
82
80

51
60
57
61

35
38
41
41

138
85
79
117

114
128
111
64

76
82
79
79

54
60
59
59

69
72
65
73

75
54
45
7

49
69
71
46

68
67
69
67

54
51
51
46

45
39
13
34

77
76
56
11

46
68
61
31

68
67
63
65

59
49
48
54

71
62
20
57

2

65
66
62
59

17
33
22
22

38
39
33
35

1

1
11

67
65
64
60

18
68

60
74
62
83

62
62
56
59

31
27
13
14

56
61
57
55

52
60
57
48

56
59

19
23
29
36

42
47
44

67
63
69
60

64
83
86
49

60
52

17
16
21
30

76
82
70

December

18
28
32
32

January

34

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average

100
87
86
88
92

100
69
81
104
104

100
52
11
29
33

1918 monthly average
1919 monthly average
1920 monthly average
1921 monthly average

88
72
78
25

106
81
96
60

25
46
64

January..
February
March
April

78
75
82
78

87
76
82
92

May
June
July
August

86
85
88
88

September
October
November
December

100
58
3
5

122
149

1930.

January...
February
March
April

1921.
. . .

May
July
August
September
1 October

. . . .

45

March..




* See footnotes on opposite page.

51

37

45
IRON AND STEEL PRODUCTION IN FOREIGN COUNTRIES.
NUMERICAL DATA.
From Government sources.1
[Base year in bold-faced type; index numbers on opposite page.]

!l

PIG IRON.
YEAR AND MONTH.

\ United
i Kingdom. Canada.
i Thousands of long tons.2j

1913 monthly average.
1914 monthly average.
1915 monthly average.
1916 monthly average.
1917 monthly average.
1918 monthly
1919 monthly
1920 monthly
1921 monthly

855

84

744

58

733

68

France.

Luxem- ! United
burg.
Kingdom. Canada.

Thousands of metric tons. 3
434
224
49

207
121
11
1

754

87

124

785

average..
average..
average..
average .

Belgium.

87

145

STEEL INGOTS.

! Thousands of long tons. !

212

639

87

152

653

62

133

713

76

France.

Belgium.

Luxemburg.

Thousands of metric tons.3
396
221
91

205
116

101
97
83

163

766

106

163

110

127

817

130

186

90

756

89

109

106

799

140

151

1

73

612

68

201

21

51

658

77

182

28

32

276

93

58

246

104

667

81

218

50

January..
February.
March
April

665

73

195

41

645

64

205

54

May....
June....
July....
August.

738

87

224

726

80

271

751

84

300

752

93

September.
October
November..
December..

741

94

533

105

755

92

302

56

43

754

92

195

57

40

36

798

84

194

72

30

'

50

1920.

699

198

39

840

97

188

79

36

671

179

31

794

93

186

100

32

92

45

846

90

172

99

30

101

58

845

91

244

113

47

111

53

790

94

255

119

49

321

115

64

709

105

277

123

56

348

106

74

885

99

300

111

70

371

125

81

544

111

324

122

73

403

94

356

118

86

505

97

314

120

683

54

349

127

86

747

56

312

121

642

41

293

112

95

493

40

268

121

72

464

58

292

105

83

484

59

264

100

63

386

60

300

106

28

359

53

251

98

20

60

39

292

96

72

71

27

257

110

58

14

56

283

76

80

52

244

64

57

1

55

285

69

83

3

64

245

55

62

10

54

267

45

71

117

54

223

27

58

94

50

255

45

74

434

72

232

28

56

158

44

244

40

429

56

236

35

236

50

256

47

100

405

72

206

33

272

48

61

94

443

75

44

275

40

74

381

43

61

94

328

1921.
January..
February.
March
April
May....
June
July....
August.
September..
October
November..
December..
1922.
January..
February.
March




288

1

Compiled by the Department of Commerce, Bureau of Foreign and Domestic Commerce, from official reports.
A long ton contains 2,240 pounds.
1
A metric ton is equivalent to 2,204.6 pounds.
< Index number less than 1.
8

71

46
EMPLOYMENT IN FOREIGN COUNTRIES.
INDEX NUMBERS.
Based on data from Government sources.1
{Base year in bold-faced type; numerical data on opposite page.]
UNITED
KINGDOM.

YEAR AND MONTH.

GERMANY.

Trade
unions.

BEL- NETHERGIUM. | LANDS. i

NORWAY.

DENMARK.

AUSTRALIA.

Relative
to 1919.

Relative to 1913.
1913 m o n t h l y a v e r a g e . . .

100

1OO

1OO

1OO

100

1OO

1OO

100

99

96

99

88

98

99

3 95

100
98
97
101
99

1OO

1914 m o n t h l y a v e r a g e . . .

Relative
to 1913.

97

1915 m o n t h l y a v e r a g e . . .

101

102

100

90

96

99

100

1916 m o n t h l y a v e r a g e . . .

102

102

101

99

100

101

103

H01

1917 monthly a v e r a g e . . .

102

102

102

95

101

101

98

* 102

1918 m o n t h l y average.

101

102

102

95

100

100

89

4102

101

1919 m o n t h l y a . e r a g e .

100

99

9«

99

100

97

1OO

100

1920 m o n t h l y a erage.

100

99

98

99

102

99

100

1921 m o n t h l y average.

87

87

91

99

100

100

1920.
January
February...
March
April

99

94

97

99

94

101

99

100

9C.

97

99

98

99

101

100

101

97

100

99

101

100

101

101

101

97

101

100

104

101

May
June
July
August..

101

101

100

98

102

101

105

101

101

101

99

99

101

101

100

101

101

101

97

100

102

101

106

101

101

101

97

100

101

100

106

101

September.
October....
November.
December..

100

100

99
100
98

105
105
102
92

100

97

99

98
96

January...
February.
March
April

98

I

97

101

102

99
99
99

I
i
I

96

101

100

95

97

So

88

100
99
98
95

90

S3

83

no

87

90

98

79

83

86

83

87

92

92

99

70

79

85

S3

m

84

88

99

71

79

84

85

87

79

86

99

70

95

78

84

88

88

79

85

100

79

97

75

80

90

90

85

88

100

81

97

76

83

90

94

85

90

101

80

77

87

87

91

102

85

78

87

86

90

102

76

86

87

102

75

101

85

1922.
January..




2 100

93

94

95

September.
October....
No ember.
December..

2 100

97

93

May
June
July
August

U01

1

See footnotes on opposite page.

2 95

95
90

95
96

86
81

92

2 95

47

EMPLOYMENT IN FOREIGN COUNTRIES.
NUMERICAL

DATA.

Based on data from Government sources.1
[Base year in bold-faced type; index numbers on opposite page.]
UNITED KINGDOM.!

Y E A R AND MONTH.

Tradeunions.

Compulsory i n surance.

GERBELMANY. j GIUM.

NETHERLANDS.

SWEDEN.

NORWAY.

DENMARK.

92.5
90.1
92.3
95.1
90.8

AUS- j
TRALIA. |

Per cent employed.
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

average.
average.
average.
average.
average.

1918 monthly average
1919 monthly average
1920 monthly average
1921 monthly average

97.9

96.4

97.7
98.9
99.6
99.4

95.8
98.8
98.4
98.4

99.2
97.6
97.6
84.7

97.1
92.8
96.8
97.8
99.0

97.3
96.1

90.0
91.1
92.8

98.8
96.2

96.3
96.2
97.2

95.6
93.3
92.2
95.8
96.1

98.4

83.8
85.4
94.2
90.4

95.6
94.5
94.6

98.6
98.4
97.7

82.6
89.3
94.2
80.1

94.9

97.6
97.9
99.2
99.1

3 92.07
«97.96
< 98.12
'98.54

96.58
95.37
87.47

93.5
91.7
90.7
94.2
92.9
94.2
93.4
93.5

1930.
January...
February.
March
April

97.1
98.4
98.9
99.1

95.6
96.4
97.2

96.6
97.1
98.1
98.0

89.4
91.5
92.3
92.0

92.4
92.5
95.5
96.5

97.4
97.6
98.0
98.2

86.8
90.4
93.3
96.5

96.04
96.87
97.48

May
June
July
August..

98.9
98.8
98.6
98.4

97.3
97.4
97.3
97.1

97.3
96.0
94.0
94.1

92.7
94.1
95.1
95.0

97.1
96.6
97.2
97.0

99.0
99.2
98.9
98.5

97.2
97.9
97.9
97.6

97.60
97.86
97.65
97.63

September.
October
Novem oer.
December..

97.8
94.7

96.2
95.9
96.3
94.2

95.5
95.8
96.1
95.9

94.2
93.6
92.8
82.6

95.9
95.8
92.8
86.6

97.1
95.5
93.0
84.2

98.2
97.8
96.5
93.2

97.3
96.7
93.9
84.9

96.74
93.91

«93.8

86.95

»92.2

*94.4

>93.8

1931.
January...
February.
March
April

93.1
91.5
90.0
82.4

91.8
90.5
88.7
85.0

95.5
95.3
96.3
96.1

80.7
77.3
68.5
68.8

S3.5
83.6
86.1
88.1

79.8
79.2
75.4
75.8

88.7
85.1
83.9
82.9

80.3
76.8
76.4
78.3

86.93
83.88
83.52
83.73

May
June
July
August..

77.8
76.9
83.3
83.7

82.7
82.2
85.2
86.8

96.3
97.0
97.5
97.8

67.7
77.1
78.6
78.3

90.6
91.9
92.4
92.7

74.7
72.1
72.2
73.2

82.2
79.1
82.1
85.3

81.4
83.2
83.3
82.3

84.54
86.85
90.90
91.29

| September
| October
J November
December

85.2
84.4
84.1
83.5

87.8
87.2
84.3

98.7
98.8

82.3
86.4

74.2
72.8
71.4

85.3
84.9

83.4
81.6
79.2
74.8

91.53
92.58
88.94
84.91

«88.6

!

*87.5

*88.6

1922.
January.
]
Compiled by the Department of Commerce, Bureau of Foreign and Domestic Commerce, from official sources. Canadian figures urnished direct by Dominion Department of Labour, Employment Service of Canada. The figures, except in the case of British compulsory insurance, which relate to the operations of the government
labor bureau, represent the percentage of trade-union members employed. They have been converted, by inverting, from the original figures showing percentage
unemployed.
2
Quarter ending this month.
8
December.
* Average of June and December.




48
VEGETABLE AND FISH OILS.1
INDEX

NUMBERS.

Based on data from Government sources.
[Base year in bold-faced type: numerical data on opposite page.]

TOTAL REFINED
VEGETABLE OILS.

TOTAL CRUDE
VEGETABLE OILS.
YEAR AND MONTH.

Production.

Consumption.

Production.

Stocks.

Consumption.

COTTONSEED OILCRUDE.
Consumption.

Production.

Stocks.

PEANUT OIL—CRUDE
AND VIRGIN.

Stocks.

Production.

Consumption.

Stocks.

1OO
85

100
15

80

44

100
40
20

100
139
56

29
48
54
29

190
136
138
91

21
19
25
14

78
61
34
50

Relative to 1919.
1OO
82
87

1920.
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. l t o Dec. 31

105
48
43
132

1921.
1 to Mar. 31
1 to June 30
1 to Sept. 30
1 to Dec. 31

113
57
56
123

100

1OO

1919 quarterly average
1920 quarterly average
1921 quarterly average.....

Jan.
Apr.
July
Oct.

1OO

1OO

1OO

1OO

80

75

74

74

124

80

79

66

76

79

104

89

100
86
98

112

83

106

74

150

114

128

128

6

67

63

54

56

145

|

25

58

41

11

44

65

29

80

86

1

15

19

30

16

99

88

107

85

118

.

166

138

141

28

96

86

103

74

143

:

135

140

149

31

73

54

66

93

117

43

88

34

53

51

50

38

85

45

40

39

45

45

96

72

96

65

109

138

127

90

48

COCONUT OR COPRA
OIL—CRUDE.
YEAR AND MONTH.

Production.

Con-

LINSEED OIL.

CORN OIL—CRUDE.

i

Production.

sump- ! Stocks,
tion.

Consumption.

Consumption.

Production.

Stocks.

TOTAL FISH OIL.
Production.

Stocks.

Consumption.

Stocks.

Relative to 1919.

1919 quarterly average
1920 quarterly average
1921 quarterly average

; 1OO
61
52

1OO
70
57

100
60
47

1OO

;

100

1OO

101

101

82

91

80

88

100
107
107

1

!
•

100
113
126

1OO

I
|

1OO

120

!

201

152

152

1920.
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

74

93

56

132

125

91

104

123

104

51

58

70

65

102

99

84

107

123

98

242

62

53

65

116

113

85

111

121

118

319

50

63

54

54

63

69

106

86

159

190

1921.
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

43

58

42

64

60

68

105

81

187

13

37

50

45

78

71

73

105

141

127

31

64

62

50

103

87

91

95

138

106

284

66

59

51

114

103

121

121

146

189

279




1

See footnote, page 49.

1OO
123
200

1OO

188
110
91
104

90

114
137
175
372

101
119

69
111
135

119
136
120
99

49
VEGETABLE AND FISH OILS.1
NUMERICAL DATA.
From Government sources.
[Base year in bold-faced type; index numbers on opposite page.]
TOTAL CRUDE
VEGETABLE OILS.
YEAR AND MONTH.

Production.

Consumption.

Stocks.

TOTAL REFINED
VEGETABLE OILS.
Production.

Consumption.

Stocks.

COTTONSEED OIL—
CRUDE.
Production.

Consumption.

Stocks.

PEANUT OIL—CRUDE
AND VIRGIN.
Consumption.

Production.

Stocks.

Thousands of pounds.
1919 quarterly average
1920 quarterly average 1921 quarterly average

578,748
474,776
504,318

635,803
511,121
504,036

506,533
378,498
332,003

466,795
344,575
354,760

357,407
263,612
283,729

283,591
532,768
293,529

357,501
285,347
317,757

329,038
283,350
323,940

111,271
94,597
88,668

21,902
3,271
9,683

53,088
21,267
10,639

24,038
33,354
13,453

1920.
Jan. 1 to Mar. 3 1 . . . . . . . .
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

605,931
276,403
250,289
766,481

710,472
427,625
277,387
628,997

422,606
319,008
327,692
444,688

494,688
251,416
134,228
497,967

264,127
200,612
286,368
303,342

424,016
410,244
243,293
333,517

406,334
88,890
51,875
594,291

422,783
192,412
63,185
455,021

142,724
45,507
33,357
156,801

1,207
2,311
3,498
6,069

15,166
25,624
28,779
15,498

45,571
32,691
33,166
21,989

1921.
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

652,230
329,053
325,521
710,468

611,266
465,952
326,390
612,525

437,804
273,298
253,595
363,313

481,294
309,791
179,066
448,890

264,764
331,487
305,542
233,124

406,697
332,772
126,385
308,262

i 481,779
154,281
142,990
491,979

459,680
288,757
128,850
418,473

166,078
37,851
50,576
100,167

6,825
11,633
9,833
10,442

11,213
10,352
13,354
7,635

18,848
14,761
8,121
12,080

COCONUT OR COPRA
OIL-CRUDE.

YEAR AND MONTH.

Produc- I s Con- ump
tion.
tion.

Stocks.

CORN OIL—CRUDE.

tI o n #
tl

I Con- j
! s u m p - I Stocks.
I tion. j

LINSEED OIL.

TOTAL FISH OIL.

Consumption.

Stocks.

Production.

113,232
121,318
120,703

47,286
53,551
59,706

65,425
78,457
99,611

Production.

I

Consumption.

Stocks.

8,230
16,507
12,490

9,791

44,609

12,046
19,559

45,225
52,873

Thousands of pounds.
53,886
32,805
28,247

105,564
73,525
60,274

155,220
93,277
73,143

24,350
24,655
21,870

22,408
22,692
17,987

1920.
Jan. 1 to Mar 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

39,682
31,047
33,607
26,882

98,501
73,475
55,623
66,499

87,287
100,593
101,219
84,009

32,213
24,928
28,221
13,256

27,998
22,211
25,272
14,153

7,271
6,703 1
6,845 !
5,537 |

117,226
121,407
126,138
120,502

58,219
57,944
57,310
40,731

67,842
64,371
77,503
104, 111

4,188
19,943
26,284
15,612

18,373
10,796
8,863
10,153

40,109
30,767
49,714
60,310

1921.
Jan. 1 to Mar. 31
Apr. 1 to June
July 1 to Sept. 30
Oct. 1 to Dec. 31

23,062
19,900
34,439
35,588

61,531
52,771
64,992
61,802

65,447
70,239
77,219
79,667

15,670
19,028
25,004
27,779

13,395
15,848
19.568
23,135

5,469
5,841
7.335
9,726

118,787
118,781
107,716
137,528

38,134
66,505
65,324
68,861

122,308
83,144
69,601
123,391

1,038
2,585
23,384
22,952

11,194
13,453
17,139
36,450

53,296
60,467
53,637
44,093

1919 quarterly average
1920 quarterly average.
1921 quarterly average.

8,027
6,589
7,093

1
The figures given on pages 48 to 51 represent the movement of certain more important vegetable and animal fats and oils, as reported quarterly by the Bureau of the
Census, Department of Commerce. The data cover factory production, factory consumption, and factory and warehouse stocks. The stock figures refer to the amount on
hand at the end of each period.




50
PATS, OILS, AND RAW MATERIALS.
INDEX NUMBERS.
Based on data from Government sources.'
(Base year in bold-faced type; numerical data on opposite page.}

ANIMAL. FATS, GREASES, AND DERIVATIVES.
TOTAL ANIMAL PATS.
YEAR AND MONTH.

! Production.

Consumption.

TOTAL DERIVATIVES.

TOTAL GREASES.
Production.

Stocks.

Consumption.

Production.

Consumption.

100
107
129

100

100
90
95

132
106

Stocks.

93
100
78
90

104
99
77
101

Stocks.

Relative to 1919.
1919 quarterly average.
1920 quarterly average..
1921 quarterly average.

100
112
129

100
103
107

100
133
164

100
124
122

1920.
Jan. 1 to Mar. 3 1 . . . .
Apr. 1 to J u n e 3 0 . . .
July 1 to Sept. 30...
Oct. 1 to Dec. 31

124
119
94
109

93
114
111
96

143
166
118
103

132
129
115
119

119
100
102
68

82
99
98
135

105

111
105
93
81

1921.
Jan. 1 to Mar. 31....
Apr. 1 to June 30...
July 1 to Sept. 30...
Oct. 1 to Dec. 31 ...

139
135
114
127

106
108
106
106

167
232
137
121

128
127
111
123

74
89
82
106

140
157
148
121

101
162
155

80
88
93
92

100

100
142

RAW MATERIALS FOR VEGETABLE OILS.
1 PEANUTS—HULLED.
YEAR AND MONTH.

I Consumption.

Stocks.

COPRA.

Con|sumption.

CORN GERMS.

Stocks,

j

Con-

s u m p t l o n

.

Stocks.

FLAXSEED.
Con;j sumption.
1
1

Stocks.

Relative to 1919.
1919 quarterly average.
1920 quarterly average..
1921 quarterly average.
1930.
Jan. 1 to Mar. 31....
Apr. 1 to June30...
July 1 to Sept. 30...
Oct. 1 to Dec. 31....
1931.
Jan. 1 to Mar. 31...
Apr. 1 to June 30..
July 1 to Sept. 30..
Oct. 1 to Dec. 31...




100

10
12

12
4

1OO
298
18

100
60
50

100
48

100
99
84

1OO
64
53

1OO
104
105

1OO
250
192

1,161
8
12
10

73
56
61
49

90
42
31
30

128
101
112
65

109
51
49
45

103
104
106
103

156
250

36
13
9
14

41
33
63
64

14
13
49
30

63
74
96
104

52
48
44
68

103
103
94
122

101
169
179
320

1

See footnote, p. 49.

353

51
FATS, OILS, AND RAW MATERIALS.
NUMERICAL DATA.
From Government sources.1
[Base year in bold-faced type; index numbers on opposite page.]

ANIMAL. FATS, GREASES, AND DERIVATIVES.
TOTAL ANIMAL FATS.
YKAR ANTH MONTH.

Production.

Consumption.

TOTAL GREASES.

Stocks.

ConProducsumption.
tion.

TOTAL DERIVATIVES.

Stocks.

i Produci tion.

Consumption,

Stocks.

284,478
340,325

208,804
204,039
183,764

183,695
165,241
174,864

348,321
280,087
230,681
278,824

232,593
219,040
194,382
170,141

170,567
183,18fi
142,725
164,487

252,894
267,532
429,830
411,036 I

166,644
183,151
193,489
191,771

191,337
181,377
141,169
185,571

Thousands of pounds.
1919 quarterly averawe.
1920 quarterly average..
1921 quarterly average. .

! 367,518 I 144,308
i 410,676
149,276
I 473,351
154,017

138,071
183,033
226,668

51,565
50,273
45,150

67,374 i 2 6 4 , 7 4 0
95,407

1930.
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 3 0 . . .
Oct. 1 to Dec. 31

457,460
436,845
346,900
401,499

134,460
163,829
160,077
138,737

197,143
229,794
163,105
142,090

61,535
51,677
52,675
35,204

54,927
66,925
66,036
90,892

1921.
Jan. 1 to Mar. 3 1 . . . .
Apr. 1 to June 3 0 . . .
July 1 to Sept. 3 0 . . .
Oct. 1 to Dec. 31

512,557
496,082
419,742
465,024

153,439
155,957
153,237
153,434

230,025
320,015
189,089
167,542

38,068
45,699
42,174
54,657

94,633
105,859
99,407
81,728

|
|

RAW MATERIALS FOR VEGETABLE OILS.
PEANUTS—HULLED.

COPRA.

CORN GERMS.

FLAXSEED.

YEAR AND MONTH.

Consumed.

Stocks.

Consumed.

Stocks.

Consumed.

Stocks.

! Consumed, i

Stocks.

Tons.

I
35,426
2,980
2,931

11,148
33,184
2,001

42,153
25,276
21,161

22,184
10,665
5,869

36,645
36,395
30,830

842
536
448

172,934
179,382
182,182

29,853
74,703
57,409

1920.
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

1,709
2,276
3,716
4,218

129,474
869
1,330
1,064

30,921
23,808
25,784
20,591

19,901
9,366
6,786

46,987
37,163
41,105
20,323

915
430
415
382

177,397
179,402
183,168
177,561

46,484
74,539
62,485
115,302

1931.
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

2,822
4,325
1,584
2,992

4,021
1,450
970
1,564

17,372
14,113
26,382
26,776

3,100
2,821
10,849
6,705

22,978
27,088
35,012
38,242

441
406
370
576

177,611
177,285
162,747
211,086

50,557
53,354
95,662

1919 quarterly average
1920 quarterly average
1921 quarterly average




1

See footnote on p. 49.

52

MISCELLANEOUS.
INDEX NUMBERS.
Based on data from Government and trade sources.1
[Base year in bold-faced type; numerical data on opposite page.]
IMPORTS.
YEAR AND MONTH.

Fiber (unmanuBurlap.
i factured).
Relative to 1909-1913.

1909-1913 monthly average.
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average

APPARENT
CONSUMPTION
OF MEAT.*
Beef.

144

82

116
111
95
118
71

120
107
109
140
117

January..
February.
March....
April

117
115
137
121

113
116
169
114

May....
June
July....
August.

103
142
107
153

152
173
192
191

September..
October
November..
December..

101
120
107
94

150
137
105
74

100
94

94
96

1917 monthly average..
1918 monthly average.
1919 monthly average..
1920 monthly average..
1921 monthly average..

Pork.

RAND
GOLD
OUTPUT.

Relative to 1919.

1OO
112
108
100
95

100
114
115
115

I

CANADIAN
BANK
CLEARINGS.

RECEIPTS OF WOOL AT
BOSTON.

Domestic. Foreign.

LOCOMOTIVES.

Total.

Total
shipments.

Relative to 1913.

153

1OO
85
82
111

100
95
103
105

1OO
118
112
127

1OO
228
391
371

100
149
191
196

100
39
37
75

96
104
1OO
93
82

115
129
1OO
149
155

132
144
174
210
181

103
96
95
93
92

130
113
132
65

468
506
419
266
315

225
224
213
122
152

110
121
73
65
36

106

188
86
118
123

205
177
198
194

92
85
96
94

50
41
41
33

182
260
583
979

87
103
194
299

64
41
34
43

156
154
152
167

210
207
210
191

95
98
100
96

29
97
118
163

224
190
146
126

84
123
126
152

61
56
58
76

70

173
175
237
55

200
242
246
239

93
90
86
87

89
50
34
39

155
26
167
150

108
43
72
70

144
143
80
137

82
64
83
79

158
104
135
150

186
161
167
183

76
92
93

26
30
46
42

315
733
1,229
860

107
228
378
272

72
58
53
60

128
108
99
101

77
88
77
92

139
167
160
148

184
170
161

94
93
94
97

58
95
183

231
26
47
75

107
76
145
167

25
26
19
31

41
37
39

93
89
148
128

169
188
175
170

167
192
208
200

94

93
83
74

109
81
81
112

43
50
90
78

91
72
84
102

33
25
9
29

51

111

103

247

143

25

1920.

101
94

89

91

1921.

January..
February.
March
April
May....
June
July....
August.

96
75
46

September..
October
November..
December..
1922.

January...
February..

168

March.....




See footnotes on opposite page.

53

MISCELLANEOUS.
NUMERICAL

fiATA.

From Government and trade sources,1
[Base year in bold-faced type; index numbers on opposite page.]

APPARENT
CONSUMPTION
OF MEAT.*

IMPORTS.

CANADIAN
BANK
CLEARINGS.

RAND |
GOLD
OUTPUT.

RECEIPTS OF WOOL AT
BOSTON.

LOCOMOTIVES.

YEAR AND MONTH.

i Fiber ( u n j m a n u - , Burlap,
f actured).
Long tons.
1909-1913 monthly average..
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly a verge

Beef.

Domestic.

Pork.
Millions
of dollars.

33,922
37,917
36,519
34,047
32,147

365,063

33,318
31,886
27,273
33,817
20,416

40,653
36,366
36,890
47,398
39,514

January..,
February..
March
April

33,478
32,928
39,207
34,755

May....
June...
July....
August.
September.
October
November..
December..

Total.

Ounces.
Thousands of pounds.

Thousands of pounds.

28,613
32,596
32,960
32,769
41,060

Foreign.

Total
shipments.
Number.!

429,322

775
659
637
859

732,779
698,275
757,823
772,128

13,483
15,894
15,142
17,100

5,278
12,012
20,660
19,583

18,761
27,906
35,801
36,683

306
119
114
230

427,141
465,686
447,129
413,968
365,213

321,411
360,829
279,897
416,280
434,436

1,021
1,115
1,351
1,627
1,400

751,855
701,722
694,174
679,803
676,167

17,510
15,275
17,825
8,809
11,977

24,705
26,682
22,093
14,030
16,613

42,215
41,956
39,918
22,839
28,589

336
371
223
199
111

38,354
39,222
57,258
38,685

474,725
394,136
452,564
419,027

526,820
240,331
329,424
344,964

1,591
1,374
1,534
1,505

670,503
625,330
707,036
687,000

6,715
5,559
5,545
4,494

9,597
13,727
30,791
51,691

16,312
19,285
36,335
56,185

196
126
105
132

29,449
40,618
30,623
43,824

51,433
58,713
65,280
64,797

440,919
396,977
386,180
391,946

435,730
431,936
426,581
466,523

1,626
1,607
1,627
1,484

699,041
715,957
736,099
702,083

3,928
13,077
15,950
21,912

11,806
10,056
7,701
6,675

15,734
23,133
23,652
28,587

188
172
178
233

28,945
34,354
30,661
26,959

50,766
46,443
35,466
25,063

448,827
419,017
428,474
314,828

485,552
489,236
664,403
153,860

1,549
1,872
1,909
1,849

682,173
662,472
633,737
636,204

12,008
6,699
4,580
5,242

8,203
1,369
8,839
7,901

!
20,211 |
8,068
13,418
13,143

201
300
277
284

January...
February.,
March
April

19,374
26,852
27,571
26,733

48,903
48,542
27,278
46,341

366,334
287,596
371,697
351,513

441,303
290,900
376,784
420,438

1,440
1,249
1,294
1,418

651,593
558,137
671,123
681,382

3,465
4,035
6,143
5,695

16,608
38,718
64,866
45,380

20,073
42,753
71,009
51,075

220
177
161
185

May....
June...
July....
August.

23,486
27,537
21,401
13,264

43,513
36,721
33,557
34,350

345,427
394,484
342,665
410,447

390,181
467,744
447,683
415,121

1,466
1,426
1,319
1,245

687,776
678,490
689,555
711,000

7,851
12,830
24,693
27,327

12,193
1,395
2,464
3,967

20,044
14,226
27,157
31,294

75
80
57
95

September.
October
November..
December..

11,760
10,713
11,126
25,110

31,409
30,233
50,064
43,462

397,223
414,455
370,210
330,505

472,920
525,838
489,336
474,981

1,291
1,491
1,614
1,549

691,096
707,000

14,740
10,885
10,965
15,091

2,288
2,651
4,731
4,092

17,028
13,536
15,696
19,183

101
75
29

14,612

37,781

13,061

26,886

76

1917 monthly
1918 monthly
1919 monthly
1920 monthly
1921 monthly

average.
average.
average..
average.
average..

1920.

1921.

1922.
January..
February.
March

1,304

13,825 |

1
Imports of unmanufactured fiber and of burlap from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Apparent consumption of meat has
been computed from the inspected slaughter, less exports plus imports and the change in storage holdings. Canadian bank clearings are from Bradstreet's, • Rand gold output from Engineering and Mining Journal; receipts of wool at Boston from the Boston Chamber of Commerce; locomotive shipments are compiled from reports tyindvidua 7
producers and represent practically the total output of the country.
* Includes meat produced under Federal inspection only.




54

METALS AND% LUMBER.
(A) INDEX NUMBER^ AND (B) NUMERICAL DATA;
Front commercial and trade sources.1
[Base year in bold-faced type.]
COPPER.*

NORTH CAROLINA PINE.3

ZINC.

Produc- Stocks in Production In
United
tion in
King- Belgium.
United
dom.
States.

Production.

Shipments.

COPPER.

NORTH CAROLINA
PINE.

ZINC.

Production!I Stocks in ! Produc-

in United ii United I tionin Production. Shipments.
States, jj Kingdom. | Belgium.

YEAR AND MONTH.

Relative
to 1913.

Relative
to Apr.- Relative
Dee. aver- to 1920.
age, 1920.

Relative to 1919.

Thousands
of pounds.

B.—NUMERICAL DATA.

A.—INDEX NUMBERS.
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average.
1919 monthly average..
1920 monthly average..
1921 monthly average..

j 100
94
113
157
154
156
105
99
39

Thousands of feet,
board measure.

Short tons.

102,040
95,845
115,668
160,654
157,177

1OO
70

159,045
107,202
100,755
39,331

1OO
79

25,477
17,945

7,740
6,106

34,230
33,514
30,164

32,179
29,791
29,052

29,208

100
93
90

1OO

4,476
5,027
6,439
7,210

38,948
38,185
39,298
36,176

40,390
33,306
41,258
31,528

26,220
30,047
28,927
28,794

8,125
7,992
8,158
8,433

40,341
38,437
31,276
30,527

42,483
30,422
21,994
25,928

25,954
21,520
18,987
19,640

8,483
9, .007
8,841
9,359

33,068
33,103
28,042
14,763

27,370
21,525
22,715
18,571

16,635
15,239
16,158
19,538

9,161
7,199
5,115
4,762

11,221
21,539
24,423
28,693

15,883
19,215
20,020
21,805

21,280
21,002
20,331
19,473

4,806
4,817
5,457
5,512

26,999
29,316
30,989
31,360

23,604
29,995
32,879
28,553

5,500
6,019
6,801
8,122

32,396
39,347
42,497
43,190

30,758
42,406
42,980
40,530

9,092

42,490

32,370

1920.
January...
February.
March
April

58

114

126

65

112

104
128

83

115

115

93

106

May
June
July
August..

103

105

118

132

118

103

112

95

114

105

91

68

113

109

September.
October....
November.
December..

102

110

97

85

84

116

97

67

75

114

82

71

77

121

43

58

81

1921.
January...
February..
March
April

84

65

118

33

49

85,929

75

60

93

63

60

76,508

87

63

66

71

62

89,127

50

77

62

84

68

51,107

May
June
July
August..

24

84

62

79

73

24,235

19

82

62

86

93

19,434

17

80

71

91

102

21

76

71

92

September.
October
November..
December..

21

72

71

95

96

20,927

24

68

78

115

132

24,614

22

62

88

124

134

22,348

18

56

105

126

126

18,595

18,374
17,275
15,738
14,297

25

50

117

124

100

25,848

12,781

17,790
21,414

1922.
January...
February..
March
1

Y

Copper production, zinc stocks in United Kingdom, and zinc production in Belgium from American Bureau of Metal Statistics: North Carolina pine from the North
Carolina Pine Association, Inc.
* Data substituted for the production figures carried for copper in January number (No. 6).
»Data computed from reports on actual production and shipments as furnished by the North Carolina Pine Association, Inc., for mills varying in number from 31 to 65. The
computed figures given are obtained by first determining for a given month the per cent which the actual production is of the normal production of the identical mills
reporting. This per cent is then applied to an arbitraryfigureof 70,000,000 board feet which represents the approximate monthly average normal production of the mills which
reported in 1919. A similar per cent of actual shipments to normal production is applied to the same figure to obtain the computed shipment figures. The resulting figure s
represent a computed production as of identical mills for each month. Thefiguresare of the same order of magnitude as the actual reported production and shipments
but avoid the rather wide variations due to different mills reporting in different months.




55
SOURCES OF DATA.
CURRENT PUBLICATION. 1

DATE OF PUBLICATION.

I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN.
Price index for Australia.
Price index for Japan

AUSTRALIAN COMMONWEALTH'S BUREAU OF CENSUS AND STATISTICS.
BANK OF JAPAN

Federal Reserve Bulletin..

Federal Reserve Bulletin..
Labour Gazette (Canadian).
CANADIAN DEPARTMENT OF LABOR. . . Price index for Canada.'.
Employment
Employment in Canadian trade unions.
Federal Reserve Bulletin
Foreign exchange index numbers..
FEDERAL RESERVE BOARD
Federal Reserve Bulletin and weekly press
Debits to individual accounts
releases.*
Federal Reserve Bulletin and weekly press
Condition of Federal Reserve banks
releases.*
Condition of reporting member banks
Federal Reserve Bulletin and weekly press
releases.*
Money held outside U. S. Treasury and Federal Reserve Bulletin
Federal Reserve Systems.
Federal Reserve Bulletin..
Wholesale price index numbers
Department store trade; in cooperation with Federal Reserve Bulletin.
National Retail Dry Goods Association.
Paper and wood pulp production, prices, etc.. Monthly press releases *...
FEDERAL TRADE COMMISSION.
INDIAN DEPARTMENT OF STATISTICS..
INTERSTATE COMMERCE COMMISSION.
NEW YORK FEDERAL RESERVE BANK.
NEW YORK STATE DEPARTMENT OF
LABOR.
PANAMA CANAL
PENNSYLVANIA DEPARTMENT OF LABOR AND INDUSTRY.
U.S. DEPARTMENT OF AGRICULTUREBUREAU OF ANIMAL INDUSTRY.
U. S. DEPARTMENT OF AGRICULTUREBUREAU OF MARKETS AND CROP
ESTIMATES.

U. S. DEPARTMENT OF COMMERCEBUREAU OF THE CENSUS.

U. S. DEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE.

U. S. DEPARTMENT OF COMMERCEBUREAU OF NAVIGATION.
U. S. GRAIN CORPORATION

U.S. DEPARTMENT OF THE INTERIOR—
BUREAU OF MINES.
U.S. DEPARTMENT OF THE INTERIOR
GEOLOGICAL SURVEY.

Friday morning newspapers and
monthly.
Friday afternoon newspapers and
monthly.
Monthly.
Monthly.
Monthly.
Newsprint, 20th to 25th of the month,
other paper and wood pulp, 1st of
following month.
Second week of month.
Price index for India
Federal Reserve Bulletin..
Preliminary statement of operations of Monthly.
Railway revenues and expenses
Class I roads.
Telephone operating revenue and income
Not published
;
Federal Reserve Bulletin and daily state- | Daily and monthly.
Foreign exchange rates
ment.
New York State factory employment and Labor Market Bulletin and press releases * Monthly.
earnings.
Panama Canal traffic
The Panama Canal Record.
Last weekly issue of month.
Unemployment m Pennsylvania.
Semimonthly report *
Semimonthly.
Last weekly issue of month or first
Beef and pork production
Market Reporter2
of next month.
Monthly.
Monthly Crop Reportera
Prices of farm products to producer .
First weekly issue of month.
Wool consumption and stocks
Market Reporter *
Monthly Crop Reporter * and press Releases about 1st of month (cotton)
Crop production
and 10th (other crops).
releases.*
Fourth weekly issue of month.
Cold storage holdings
Market Reporter2
Third weekly issue of month.
Movement of cattle, hogs, and sheep
Market Reporter»
%
Weekly.
Market Reporter *
Receipts of butter, cheese and eggs
Quarterly.
Production of condensed and evaporated milks Market Reportera
Semimonthly during season.
Preliminary report on ginnings *,
Cotton ginned
Preliminary report on cotton consumed.. 15th of montn.
Cotton consumed and on hand
Reports on wool machinery and on cotton 20th of month.
Active textile machinery
spindles.*
First week of month.
Leather, hides and shoes, production and Census of hides, skins, and leather *
stocks.
18th of month.
Preliminary report on cotton seed..
Cotton seed and cottonseed oil
Quarterly (one month after end of
Stocks of tobacco held by manufacturers and Statement on stocks of leaf tobacco.
quarter).
Quarterly (one month after end of
Fats and oils, production, consumption, and Statistics of fats and oils *..
quarter).
stocks.
Bimonthly hereafter.
Stocks of coal in cooperation with Geological Commercial stocks of coal *.
Survey.
Monthly Summary of Foreign Commerce. Last week of month.
All imports and exports
(Part I.)»
Tonnage of vessels, entered and cleared in Monthly Summary of Foreign Commerce. Middle of next month.
(Part II.)
United States foreign trade.
Data on trade employment and coal £nd iron Various sources
production.
Data on trade of foreign countries
Various foreign sources.
First weekly issue of month (MonVessels under construction and vessels com- Commerce Reports
days).
pleted.
Wheatflourproduction, prior to July, 1920— No longer published
Gasoline, production, etc

!

Second week of month.
Second week of month.
Monthly.
Semimonthly.
Monthly (second week of month).
Sunday newspapers and monthly.

Portland cement, production, etc..
Coal and coke production
Crude petroleum, production, etc
Electric power production
U. S. DEPARTMENT OF LABOR—EM- Number on pay roll—United States factories..
PLOYMENT SERVICE.
U. S. DEPARTMENT OF LABOR—BU- Immigration and emigration statistics
REAU OF IMMIGRATION.
U. S. DEPARTMENT OF LABOR—BU- Wholesale prices of commodities, including
farm products, food, clothing, metals, etc.
REAU OF LABOR STATISTICS.
Wholesale price index
Retail price index of foods
Retail coal prices
United States postal savings
U. S. POST OFFICE DEPARTMENT
Postal receipts

Refinery Statistics *
Report on Portland cement output *
Weekly report on production of coal *
Preliminary statistics on petroleum *
Production of electric power *
Industrial Survey *
Not published

Not published
Monthly Labor Review
Monthly Labor Review
Monthly Labor Review
Postal Savings News Bulletin
Statement of Postal Receipts *
U. S. TREASURY DEPARTMENT
Government debt, receipts and disbursements Daily Statement of the U.S. Treasury
Statement of tax-paid products *..
U. S. TREASURY DEPARTMENT—BU- Oleomargarine consumption
Production of manufactured tobacco, snuff, Statement of tax-paid products *-.
REAU OF INTERNAL REVENUE.
cigars, and cigarettes.
Not published.
U. S. WAR DEPARTMENT—ENGINEER Iron ore movement
Not published.
Sault Ste. Marie Canal traffic...
CORPS.
WISCONSIN INDUSTRIAL COMMISSION.. . Wisconsin factory earnings and employment. Bulletin on Wisconsin labor market *

Second week of month.
20th of month.
Second or third weekly issue of
month (Saturdays).
25th of month.
End of month.
First week of month.

Monthly.
Monthly.
Monthly.
12th of month.
7th of month.
Last day of month.
First week of month.
First week of month.

15th of month.

* Multigraphed or mimeographed sheets.
1
This is not necessarily the source of thefigurespublished in the "Survey," as many of them are obtained direct from the compilers prior to publication in the respective journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication dates of the "Survey."
> Beginning Jan. 7,1922, combined into new publication called Weather, Crops, and Markets.
1
Imports and exports of gold and silver in Part II.




56
SOURCES OF DATA—Continued.
CURRENT PUBLICATION.

DATE OF PUBLICATION.

H.-REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS.
ABERTHAW CONSTRUCTION CO

Building costs

Construction trade papers.

ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE.

Sales of abrasive paper and cloth.

Not published

AMERICAN BUREAU OF METAL STATISTICS.

_ opper production
Zinc production in Belgium.
Zinc stocks in United Kingdom

Not published..

Not published

AMERICAN FACE BRICK ASSOCIATION.

Face brick production, stocks, etc.

AMERICAN IRON AND STEEL INSTITUTE

Steel ingot production

Press release to trade papers *

7th of month.

Freight car surplus

Summary of Car Surplusages and Shortages.*
Summary of Car Surplusages and Shortages.*
Information Bulletin *
Information Bulletin *

Weekly.

AMERICAN

RAILWAY

ASSOCIATION

(Car Service Division).

Freight car shortage

Car loadings
Bad-order cars.
AMERICAN TELEPHONE AND T E L E - Stockholders in the company..

Financial papers.

Weekly.
Weekly.
Third week of month.
Quarterly.

GRAPH Co.
AMERICAN WRITING PAPER COMPANY.

Purchases and sales of paper

Not published

AMERICAN ZINC INSTITUTE.

Production and stocks of zinc

Press release to trade papers *

15th of month.

ANTHRACITE BUREAU OF INFORMATION

Anthracite shipments and stocks.

Statement of anthracite shipments *

15th of month.

ASSOCIATION OF
PRESIDENTS.

New life insurance business....

Not published

BOSTON CHAMBER OF COMMERCE

Receipts of wool at Boston

Trade papers

Daily.

BRIDGE BUILDERS AND STRUCTURAL
SOCIETY.

Fabricated structural steel sales.

Press release to trade papers *.

15th of month.

Summary of operating statistics.,
Not published

Monthly.

LIFE

INSURANCE

BUREAU OF RAILWAY ECONOMIC?

1

Number of tons carried ! mile
Average receipts per ton-mile

CALIFORNIA REDWOOD ASSOCIATION. .
CALIFORNIA WHITE AND SUGAR P I N E
ASSOCIATION.

,

Redwood lumber production, etc
White pinje lumber production, stocks, etc

Not published.
Not published.

CHICAGO BOARD OF T R A D E .

Receipts and shipments of wheat and corn

Trade papers.

Daily.

CREDIT CLEARING H O U S E . . .

Credit conditions

Credit

Weekly.

F. W. DODGE CO

Building statistics—Contracts awarded

Statement on Building Statistics.

ENAMELED SANITARY MANUFACTURERS
ASSOCIATION.

Enameled sanitary ware

Not published

FEDERATION

British iron and steel production.

Trade papers..

ILLUMINATING GLASSWARE GUILD

Illuminating glassware production, orders, etc

Not published...

KNIT GOODS
AMERICA.

Knit underwear production, etc

Monthly report *

LEATHER BELTING EXCHANGE

Sales of leather belting

Monthly report (not published).

MOTOR AND ACCESSORY MANUFACTURERS' ASSOCIATION.

Motor accessory sales and credit conditions...

Credit Department Bulletin * . . .

MERCHANTS' EXCHANGE OF ST. LOUIS

Receipts and shipments of lead and zinc

Receipts and shipments at St. Louis.

MICHIGAN HARDWOOD MANUFACTURERS' ASSOCIATION.

Hardwood lumber, production and shipments

Not published

NATIONAL ASSOCIATION OF SHEET AND
TIN PLATE MANUFACTURERS.

Sheet-metal production and stocks.

Not published.

NATIONAL ASSOCIATION OF
MANUFACTURERS.

1913 figures for active textile machinery

No longer published.

NATIONAL AUTOMOBILE CHAMBER OF
COMMERCE.

Production and shipments of passenger cars
and trucks.

Traffic bulletin * (production figures not
published).

NATIONAL BOTTLE MANUFACTURERS'
ASSOCIATION.

Glass bottle production index

j Not published

NATIONAL INDUSTRIAL CONFERENCE
BOARD.

Cost of living

j Monthly press release.

NATIONAL RETAIL DRY GOODS ASSOCIATION.

Department store trade (see Federal Reserve ! Federal Reserve Bulletin.
Board).

Monthly.

N E W YORK COFFEE AND SUGAR E X CHANGE.

Coffee receipts, stocks, etc

Monthly statement

First week of month.

NEW

Stocks of tin

Trade papers.

First week of month.

OF IRON AND STEEL

MANUFACTURERS (British).

MANUFACTURERS OF

WOOL

YORK METAL EXCHANGE

NORTH CAROLINA P I N E ASSOCIATION.
OAK
FLOORING
ASSOCIATION.

MANUFACTURERS'

OHIO FOUNDRYMEN'S ASSOCIATION. .




North Carolina pine, production, etc

j Not published

Oak flooring, production, etc

| Not published

Ohio foundry iron production
Monthly report * (not published).
* Multigraphod or mimeographed sheet*.

Monthly.

Second week of month.

Monthly.
First week of month
3rd of month.

Second week of month.

21st of month.

57
SOURCES OF DATA—Continued.
SOURCE.

DATA.

CURRENT PUBLICATION.

PATE OF PUBLICATION.

II.-REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS-Continued.
PENNSYLVANIA RAILROAD CO

Stockholders in the company

REFRACTORIES MANUFACTURERS' ASSOCIATION.

Fire-clay brick production, etc
Silica brick production, etc
Automobile tires, tubes, and raw material
Raw silk consumption, etc
Yellow pine production and stocks

SILK ASSOCIATION OF AMERICA
SOUTHERN PINE ASSOCIATION
STEEL
BARREL
ASSOCIATION.

MANUFACTURERS'

TANNERS' COUNCIL
U. S. STEEL CORPORATION.,

UNITED TYPOTHETAE OF AMERICA
WEST COAST LUMBERMEN'S ASSOCIATION.
WEBBING
CUANQE.

MANUFACTURERS'

WESTERN
PINE
ASSOCIATION.

EX-

Steel barrel shipments
Leather production.
Unfilled orders
Earnings
Stockholders
Wages of common labor.

RUBBER ASSOCIATION OF AMERICA....

Financial papers
Not published
Not published
Monthly reports (2) not published
Monthly press release to trade papers *
Not published
Monthly reports * (not published)
Not published.
Pressrelease*
Pressrelease*
Financial papers.
Special reports *..

Printing activity
Douglasfirlumber production, etc

5th of month.

10th of month.
Monthly.
Quarterly.
Occasionally.
Monthly.

Typothetae Bulletin.
j Not published

Sales of elastic webbing

Quarterly.

! Not published.

j
MANUFACTURERS'

Western pine lumber production, etc

! Not published.

III.—REPORTS FROM TECHNICAL PERIODICALS.
DATE OF PUBLICATION.
AMERICAN METAL MARKET.
THE ANNALIST
THE BOND BUYER.
BRADSTREET'S

Composite pig iron and steel prices
New York stock sales.
New York closing stock prices
State and municipal bond issues
Muncipal bond yields
Visible supply of wheat and corn
,
Bank clearings, United States and Canada.
Price index

COMMERCIAL AND FINANCIAL CHRONICLE...

Price index for France..
Cotton (visible supply)
Interest rates
Mail order and chain store sales..

Dow,

New York bond sales...
New York bond prices.

BULLETIN DE LA STATISTIQUE GENERALE..

JONES & Co. (WALL STREET JOURNAL)

DUN'S REVIEW
ENGINEERING AND MINING JOURNAL.
ENGINEERING NEWS RECORD
FRANKFURTER ZEITUNG
IRON AGE
IRON TRADE REVIEW
LONDON ECONOMIST
NEW YORK JOURNAL OF COMMERCE .

NEW YORK EVENING POST
OIL, PAINT, AND DRUG REPORTER

OIL TRADE JOURNAL
PRINTERS' INK

Business failures.
Price index
Rand gold production..
Silver prices
Construction cost and volume index..
Price index for Germany
Pig-iron production
Compositefinishedsteel price.
Iron and steel prices
Price index for United Kingdom.
Dividend and interest payments.
New capital issues
New corporations
Firo losses
,
Newspaper advertising
Price indexes of drugs, oils, etc.
I Mexican petroleum shipments
Magazine advertising

RUSSELL'S COMMERCIAL NEWS

Wheatflourproduction, from July, 1920..

STATISTICAL SUGAR TRADE JOURNAL

Sugar stocks and meltings




* Multigraphed or mimeographed sheets.

O

..!
..j
.i
..

First or second week of month (daily).
First woekly issue of month (Mondays).
Weekly (Mondays).
First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).
Weekly (Saturdays)
First weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays).
Monthly.
Weekly (Saturdays).
Weekly (Saturdays).
Second or third weekly issue of month (Saturdays).
First week of month (daily).
First week of month (daily).
First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays)
Second weekly issue of month.
Second weekly issue of month.
First weekly issue of month
Monthly.
First weekly issue of month (Wednesdays).
Weekly (Wednesdays).
Weekly (Thursdays).
10th of month.
First week of month (daily).
First week of month (daily)
First week of month (daily)
10th of month (daily).
Not published.
Weekly (Mondays).
10th of month (monthly).
Second week of month.
Weekly compilation (daily).
Weekly (Fridays)