Full text of Survey of Current Business : March 1924

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MONTHLY SUPPLEMENT TO COMMERCE REPORTS

UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

URVEY OF
CURRENT BUSINESS
MARCH, 1924
No. 31

COMPILED BY

BUREAU OF THE CENSUS
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
BUREAU OF STANDARDS
In addition to figures given from Government sources, there are also incorporated
for completeness of service the figures from other sources generally accepted by
the trades, the authority and responsibility for which are noted in (he text

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 COMMERCE 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




WtASHWQTQM •: GQVEffMW£NT P

INTRODUCTION.
The SURVEY OF CUURNNT BUSINESS is designed to
present each month a picture of the business situation
by setting forth the principal facts regarding the various lines of trade and industry. At quarterly intervals
detailed tables are published giving, for each item,
monthly figures for the past two years and yearly comparisons, where available, back to 1913. In the intervening months the more important comparisons only
are given in the table entitled "Trend of business
movements7' (p. 00). In quarterly numbers (see issue
for February, 1924, No. 30) blank lines covering the
next three months have been left at the bottom of
each detailed table which will enable those who care
to do so to enter new figures as soon as they appear.
ADVANCE SHEETS.

Realizing that current statistics are highly perishable and that to be of use the}" must reach the business
man at the earliest possible moment, the department
has arranged to distribute advance leaflets three tunes
each month to those subscriber's who request them.
The leaflets are usually mailed on Saturdays, the first
being issued about the loth of the month, giving such
information as has been received up to that time.
Further sets of sheets are mailed in the two following
weeks, each giving those figures received during the
current week. The information contained in these
leaflets is also published in "Commerce Reports,"
issued weekly by the Bureau of Foreign and Domestic
Commerce. The complete bulletin is distributed as
quickly a? it can be completed and printed.

figures for the pre-war years are not available; and. in
such cases the year 1919 has usually been taken as
the base. For some industries 1919 can not be
regarded as a proper base, due to extraordinary conditions in the industry, and some more representative
period has been chosen. In a few cases other base
periods are used for special reasons. In all cases the
base period is clearly indicated.
The index numbers are computed by allowing the
monthly average for the base year or period to equal
100. If the movement for a current month is greater
than the base, the index number will be greater than
100 and vice versa. The difference between 100 and
the index number will give at once the per ceir: increase
or decrease compared with the base period. Thus an
index number of 115 means an increase of 15 per cent
over the base period, while an index number of 80
means a decrease of 20 per cent from the base.
Index numbers may also be used to calculate the
approximate percentage increase or decrease in a movement from one period to the next. Thus if an index
number at one month is 120 and for a later month it
is 144 there has been an increase of 20 per cent.
BUSINESS INDICATORS.

The diagrams on page 2 have been prepared to
facilitate comparisons between a few of the more
important business movements. The lines are plotted
on what are known as ratio charts (logari thimc scale).
These charts show the percentage increase and allow
direct comparisons between the slope of one curve and
that of any other curve regardless of what prrt of the
BASIC DATA.
diagram it is located in; that is, a 10 per cent increase
The figures reported in the accompanying tables are in an item is given the same vertical ir: ovement
very largely those already in existence. The chief whether its curve is noar the bottom or near the top
function of the department is to bring together these of the chart.
The difference between this and the ordinary form
data which, if available at all, are scattered in hunof
a chart can be made clear by an example. If a
dreds of different publications. A portion of these
certain
item lias an index number-of 400 in one month
data are collected by Government departments, other
and
it
increases
10 per cent, its index numbrr will be
figures are compiled by technical journals, and still
440,
and
on
an
ordinary
chart "the next morrii would
others are reported by trade associations,
be plotted 40 scale points higher than tho preceding
INDEX I^UMBEES.
month. Another movement with an index number
To facilitate comparison between different items and of, say 50, also increases 10 per cent, making Us index
render the trend of a movement more apparent, index number 55, On the ordinary (arithmetic) scale this
or relative numbers have been calculated. The index item would rise only 5 points, whereas the previous
numbers enable the reader to see at a glance the general item rose 40 points, yet each showed the same perupward or downward tendency of a movement which centage increase. The ratio charts avoid this diffican not so easily be grasped from the actual figures. culty and give to each of the two movements exactly
In computing these index numbers the last pre-war the same vertical rise, and honce the slopes of the two
year, 1913, or in some instances a five-year average, lines are directly comparable. The ratio charts com1909-1913, has been used as a base equal to 100 pare percentage changes, while the arithmetic charts
wherever possible. In many instances comparable compare absolute changes.
This issue presents practically complete data for the month of January and also, on page 24, Herns covering February
received up to March 12. As most data covering a particular month's business are not available until from 15 :to 30 days
after the close of the month, a complete picture of that month's operations, including index numbers, cumulative totals,
text, and charts, can not be presented in printed form under 45 days after its close, but the advance leaflets described above
give considerable information as early as 15 days after its close and present almost every week the latest data available.




MONTHLY SUPPLEMENT TO COMMERCE REPORTS

UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY

BUREAU OF THE CENSUS

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

BUREAU OF STANDARDS

MARCH

No. 31

1924

CONTENTS
Page.

Summary for January
Business indicators (diagrams and tables)
Comparison of wholesale prices (diagram and table)
Production of specified commodities in 1923 (diagram)
Graphic summary of 1923 (diagrams)
Business conditions in January
Cotton consumption in northern and southern mills
(diagram)
Debits to individual accounts (diagrams and tables)
Comparison of wholesale prices and national bank failuresFebruary data
Indexes of business (production, prices, sales;etc.) _.
Trend of business movements:
Textiles.
„
Metals.. __„
Fuel and power
Rubber and automobiles
Hides and leather
Paper and printing
Buttons
Glass and optical goods.^
Building and construction
Chemicals, naval stores, and oils

1
2
4
6
7
8

10
19
23
24
26
30
32
33
34
35
35
36
36
36
38

Trend of business movements—Continued.
Foodstuffs
Tobam >
Transportation
Public utilities
Employment
Distribution movement
Public finance
:
Banking and finance
Foreign exchange and trade
Trade and industry of foreign countries_
Detailed tables:
Earnings and hours of labor
Gasoline
Crude petroleum
Other petroleum products
Lard
Illuminating glassware
Newsprint in hands of publishers
Miscellaneous
World production of principal crops
Sources of data

Page.

39
41
41
42
43
43
44
44
46
47
48
49
50
52
54
55
55
56
57
59

SUMMARY FOR JANUARY.
(See note at bottom of opposite cover page.)

Productive activity in January indicated for most
lines of industry improvement from the conditions
prevailing in December. Such of the important
industries that recorded larger output in January
included pig iron, steel, copper, zinc, bituminous coal,
and lumber, while the output of petroleum and shipments of locomotives declined from the previous
month. New awards for construction, although lower
in anticipated expenditure than the lettings in December, registered an increase in floor space over the previous month. Mill consumption of wool, cotton, silk,
and tin likewise registered increased industrial activity
m January. Unfilled steel orders continued to accumulate while the index of unfilled orders for basic
commodities, based on 1920 as 100, increased to 63
for January 31, as compared with 58 for December 31
and 85 a year ago.
Retail sales of 10-cent chains and mail-order houses
declined from the high figures recorded in the holiday
trade of the previous month, but were well above the
sales of a year ago. Wholesale trade, in a seasonal

 88005-24-1


movement, increased in January, and based on 1919
as 100, stood at 79 compared with 71 in December
and 77 a year ago. Check transactions showed relatively no change in January while interest rates were
lower.
Wholesale prices at 151 for January showed no
change from the previous month, while the cosl-ofliving index at 65 per cent above pre-war likewise
remained stationary. Employment in 1,428 representative factories increased 1 per cent, while the
retail food index made a slight decline for the month.
Business failures, in point of liabilities, declined in
January, while the number of firms which failed increased. Prices of both industrial and railroad stocks
averaged higher in January.
The weekly car loadings for January averaged
858,863 cars, as against 847,363 a year ago, while the
net available car surplus for the last week of January
totaled 164,438 cars. The number of locomotives
and freight cars in need of heavy repairs increased in
January but was considerably below a year ago.

BUSINESS INDICATORS.
(l*m monthly imT.vp1 - l<»>. ^

t'xphnution on inside front cover. Kxcttpt for "net freight ton-miles" latest month plotted is January, 1924.)

PIG-IUON PRODUCTION.
I»2O

I«I

(922

BITUMINOUS COAL PRODUCTION.
J823

1920

1921

1922

COTTON CONSUMPTION.

1923

1920

400

XX)

300

too

300

1821

1922

1923

DC

k

Ar-

CO

2 Bo
2

D

to

V

x

4A/

X

I.

I-

20

30

10

in

NLT FKEKiHT TON-MILE8.

BANK CLEARINGS OUTSIDE NEW
YORK CITY (VALUES.)

EXPORTS (VALUES).
1920

1921

1922

1923,

1920

400

300

1921

1922

300

!

5,00

JNDEX NUMI
S 8 S

IUI00

2 80

20

10

DEFAULTED LIABILITIES (VALUES),
t»30

3—

1921

—H

o
3 M

1922

WHOLESALE PRICES.
1920

1923

i

w

200

r
D

W

20




400

S so

UJ
Q AA

10

PRICE OP 25 INDUSTRIAL STOCKS.
1923

1920

1921

1922
;

\

X
m

1922

1"

IN

w
aX

1921

300

Z

X

10

30

I
to

l»23 -,

BUSINESS INDICATORS.
The following table gives comparative index numbers for a selected list of important business movements. It in 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.
MONTHLY AVERAGE.
1920

1921

19-22

Utt.'J

1922

1!>2!1

Dt*e.

Jan.

Mar.

' Feb.

Apr.

May.

Juno.

lifcU

July.

Ann.

Sept.

Ocl.

Nov.

144
139
124
186
109
113
315
99
119
146

134
146
129
203
116
123
318
106
133
134

122
131
122
185
38
110
312
104
129
115

iZi
141
130
193
114
123
323
116
151
148

113
123
125
139
102
1OS
313
114
135
182

114
113
127
87
105
101
284
99
120
203

118
143
130
70
104
127
272
124
133
20,1

Jim.

l!»i:j monthly a v e r a g e - 1 0 0

Production:
119
Pig iron*
13')
Steel ingots
Copper
! 99
1
M
Cement (shipments)
108
Anthracite coal ^
97
Bituminous coal..
116
Crude petroleum
178
Cotton (consumption)
105
Beef
121
Pork
111
Unfilled orders:
170
U. S. Steel Corporation
Stocks:
Crude petroleum....
127
155
Cotton (total) *
Prices:
Wholesale index, all commodities (Dept. Labor). _ - 226
Retail food (Dept. Labor) — 203
Retail coal, bitum.—U. S.
average (Dept. Labor)
207
Farm crops (Dept Agr)». . 238
Farm livestock (Dept. Agr.) * 1G8
Business finances:
108
Defaulted liabilities
Price 25 industrial stocks *__ 184
Price 25 railroad stocks *
G7
Banking:
Clearings, N. Y. City
257
Clearings, outside N. Y. City 275
Commercial paper int. rate.. 127
Distrlbution:
Imports (value)
294
331
Exports (value)
2f>4
Sales, mail-order houses
Transportation:
117

i

j

|

54 , 87
130
114 i 143
64
39 i 81 i 121
153
131
107
104
58
90
114
85
• 87
292
224
189
317
109
97
121
125
109
129
159
116

121
131
103
66
111
117
245
114
124
183

126 j 117
138
137
160
' 151
;
101
119
110
140
82
76
114
102
117
12fi
106
117
251
232 i 273 !
122
134 1
131
107 1 117
125
177
156
1SS

139
156
116
175
106
107
2S3
124
119
153

151
143
166
149
123
123
! 193
180
' 112
114
116
114
• 299 • 301
' 133 ; 116
129
122
i 153
156

90

96

102

114

117

123

125

123

118

108

100

92

85

79

74

75

81

152
198

234
153

285
125

252
194

250
177

256
156

259
143

264
125

271
104

J 281
83

290
66

296
64

302
95

310
149

318
169

320
167

319
149

147
153

149
142

154
140

156
147

156
144

157
142

159
142

159
143

156
143

; 153
' 144

151
147

150
146

154
149

153
150

152
151

151
150

151
149

197
109
107

188
113
111

190
136
103

207
123
104

206
120
106

205
130
107

203
134
106

192
139
107

186
140
105

i 185
139
100

185
136
102

183
136
102

131
138
109

180
139
103

185
137
97

183
137
94

180
140
97

230
130
64

227
169
75

198
170
72

256
187
74

217
190
74

179
198
79

213
199
78

227
195
76

181
186
73

126
182
73

157
176
70

151
177
63

126
177
69

349
175
69

221
181
70

227
187
70

226
193
73

205
212
113

230
231
76

220
265
86

240
258
80

251
289
80

213
230
80

251

271

228
261
89

244
271
89

i 237
! 267
86

211
256
86

187
242
88

191
242
89

225
285

229
263

247
277

262
231

89

88

170

195
193
306

193
206 ;
318

87

86

259

197
166
287

220
162
243

203
148
232

266
165
290

244
157
272

249
153
260

214
155
! 221

192
146
199

184
150
198

231

200
194
335

139

133

138

110

143

140

145

139

141

143

144

151

140

122

140
181
188

177
154
204

211

i/\r

i i i

201

184

84
198
191
271

1O1O m o n t h l y a v e r a g e = 1 0 0 .

Production:
Lumber J
Bldg. contracts (floor spate).
Stocks:
Beef
Pork.._
Business finances:
Bond prices index (40 issues).
Banking:
Debits to individual accounts, outside N. Y. City.
Fed. Res., bills discounted..
Fed. Res .t total reserves
Fed. Res. ratio

131
139

130
138

135
129

136
99

126
90

138
85

131
83

137
116

132
111

107
102

113

48
81

42
3S
92 : ioi

33
111

27
108

24
112

19
110

19
95

20
74

27
59

39
67

45
82

43
93

107

107

106 : 104

103

104

104

1&3

104

103

102

103

103

105

112
33

112
31
147
153

96
112
31 ; 30
146
145
152
150

107
33
145
153

110
38
146
152

i 111
; 40
146
; 153

104

99

9S

113

106

116

111

39
146
156

42
Uf>
154

45
145
152

100
72

85
69

114
102

126
106

96
83

109
83

66
98

42
83

29
70

32
91

49
67

86

S7

107

104

97
28 i
144 \
154 :

107
39
146
152

99
89

,
114 I
132 1

07
87

91
91
122
122

144
144

Al

146
152

146
152

Monthly statistics on the movements since January, 1913, or as far back as available, are given on pages 47-49 of the December, 1922, Survey (No. 16).

JIKISHKE
34,552,000,000 board feet reported by the census.




107

143
146

149
162

COMPARISON OF PRESENT WHOLESALE PEICES WITH PEAK AND PRE-WAR.
(Relative prices 1913-100.)
I N D E X NUMBERS
200

300

400

500

600

FARM PRODUCTS. AVERAGE PRICE TO PRODUCER
WHEAT
CORN
POTATOES
COTTON
COTTON SEED
CATTLE, BEEF
HOGS
LAMBS
FARM PRODUCTS. MARKET PRICE
WHEAT. SPRING
WHEAT. WINTER
CORN. NO.2
OATS
BARLEY
RYE. NO.2
TOBACCO. BURLEY
COTTON
WOOL'4 GREASE (BOSTON)
CATTLE. STEERS
HOGS. HEAVY
SHEEP. EWES
SHEEP. LAMBS
FLOUR. SPRING
FLOUR. WINTER
SUGAR, RAW
SUGAR. GRANULATED
COTTONSEED OIL
BEEF. CARCASS
BEEF. STEER ROUNDS
HAMS, SMOKED (CHICAGO)
COTTON YARN
COTTON, PRINT CLOTH
COTTON. SHEETING
WORSTED YARN
WOMEN'S DRESS GOODS
SUITINGS
SILK. RAW
HIDES. PACKER'S
HIDES. CALFSKINS
LEATHER. CHROME (BOSTON)
LEATHER. SOLE OAK
BOOTS AND SHOES (BOSTON)
BOOTS AND SHOES (ST. LOUIS)
COAL. BITUMINOUS
COAL. ANTHRACITE
COKE
PETROLEUM
PIG IRON. FOUNDRY
PIG IRON. »A3IC
STEEL ftlLLETS. tESSEMER
COPPER

• E 2 2 J PEAK PRICE

LEAD
TIN

PRICE IN JANUARY

ZINC
LUM1IR, PINS. SOUTHERN
LUM1CR. D0UQLA8 FIR
•RICK. COMMON (NEW YORK)
CEMENT
STEEL BEAMS
RUftlER, CRUDE
SULPHURIC A»l»




BUILDING MATERIALS

700

WHOLESALE PRICE COMPARISONS—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS.
NOTE.—Prices to the producer on farm products and market price of wool are from TJ. S, Department of Agriculture, Bureau of Agricultural Economics. All other
prices are from 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
page 4.

COMMODITIES*

Date a n d m a x i m u m !
relative price.

November,
1923.

January,
1924.

Per c e n t
Increase
(-H) or d e crease (—)

In January
from December.

Relative price.
(11U3 average-100.)
F a r m products—Average price to producers:
Wheat
:
Corn
_
Potatoes
Cotton
Cottonseed.
Cattle, beef_
Hogs
Lambs
_
_
_
_
-—
F a r m 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)
Barley, fair to good, malting (Chicago)..
.__..-.—
Rye, No. 2, cash (Chicago)
-Tobacco, burley, good leaf, dark red (Louisville)-.Cotton, middling upland (New York)
—
Wool, i blood combing, Ohio and Pennsylvania fleeces (Boston)
—
Cattle, steers, good to choice, corn fed (Chicago).
.
Hogs, heavy (Chicago)
Sheep, ewes (Chicago)
^
Sheep, lambs (Chicago)
_
~—
—
Food:
Flour, standard patents (Minneapolis)
._-..
—
Flour, winter straights (Kansas City)
---Sugar, 96° centrifugal (New York)
Sugar, granulated, in barrels (New York)
.
—
Cottonseed oil, prime summer yellow (New York) _
Beef, fresh carcass good native steers (Chicago)
Beef, fresh steer rounds No. 2 (Chicago)
Pork, smoked hams (Chicago)
—
Clothing:
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
_
Cotton, print cloth, 27 inches, 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 (Boston)
Women's dress goods, storm serge, all-wool, double warp, 50 inches (New York)
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (New York)
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, chrome calf, dull or bright" B " grades (Boston)
-Leather, sole, oak, scoured backs, heavy (Boston)
--—
Boots and shoes, men's black calf, blucher (Massachusetts)....
—
Boots and shoes, men's dress welt tan calf (St. Louis)
—
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, basic, valley furnace
---Steel billets, Bessemer (Pittsburgh)
--Copper ingots, electrolytic, early delivery (New York)
Lead, pig, desilvered, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slab, western, early delivery (New York)
Building materials a n d miscellaneous:
Lumber, pine, southern, yellow flooring, 1 x 4 , " B " and better (Hattiesburg district).
Lumber, Douglas fir, No. 1, common, s I s, 1 s S x 10 (State of Washington)
Bdck, 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, Para Island, fine (New York)
-—
Sulphuric acid, 66° (New Y o r k ) . . . .
--"




2.5
1.7
5.8
1-1
2.4
2.2
3.5
0.6

June,
July,
June,
July,
May,
May,
July,
Apr.,

1920
1920
1920
1920
1920
1919
1919
1920

326
300
706
312
321
183
256
239

117
118
138
258
2U
89
89
166

119
117
137
268
209
89
85
166

122
119
145
271
204
91
88
167

+
+
+
+
+
+
+

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

1920
1920
1917
1920
1918
1918
1919
1920
1918
1919
1919
1918
1920

354
302
331
296
325
451
352
331
308
218
266
319
263

120
10S
135
118
105
111
212
274
192
116
85
121
158

122
110
117
120
110
110
212
280
204
115
S4
137
160

124
112
121
126
113
114
212
271
208
111
86
153
171

1.6
1.8
3.4
5.0
2.7
+ 3.6
0.0
-3.2
+ 2.0
- 3.5
+ 2.4
+ 11.7
+ C.9

May, 1920
May, 1917
May, 1920
May, 1920
July, 1919
Sept., 1020
July, 1920
July, 1919

328
363
598
526
374
201
211
231

132
136
208
203
162
135
104
126

133
133
209
207
151
132
103
123

135
137
192
306
152
131
106
116

+
+
-5

May, 1920
Apr., 1920
May, 1920
Jan., 1920
Oct., 1918
July, 1920
Jan., 1920
Aug., 1919
Aug., 1919
Nov., 1919
A u g , 1919
Mar., 1920
Aug., 1919

348
478
427
289
292
291
466
283
490
473
230
308
292

218
229
203
212
184
239
215
77
70
163
101
201
153

228
236
217
212
184
239
213
74
80
163
95
201
153

223
223
220
219
184
239
202
78
83
163
08

+
+

201
153

0.0
0.0

Sept.,
Oct.,
Aug.,
Mar.,

336
201
637
375

177
216
166
112

154
216
164
100

166
216
165
133

+ 7.8

July, 1917
Sept., 1920
July, 1917
Mar,, 1917
June, 1917
May, 1918
Jun«, 1915

346
330
388
230
261
224
386

148
142
155
81
157
99
115

148
143
155
82
173
105
113

161
144
155
80
188
108
116

+ 2.0
+ 0.7

Feb., 1930
Jan., 1030
Feb., 1020
Oct., 1020
Sept., 1920
Junt, 1917
Jan., 1913
Feb., 1916

455
407
3S1
251
195
331
124
250

1922
1921
1920
1920

1.5
3.0
8.1
.3

+ 0.7
-0.8

+ 2.9
-

5.7

2.2
5.5
1.4
3.3
0.0
0.0
-5.2
+ 6.4
+ 3.8
0.0

+ 3.2

0.0
+ 0.6
+ 22,0

-

0.0
2.4

+ 8.7
+ 2.9
2.7

PRODUCTION OF SPECIFIED COMMODITIES IN 1923.
(Percentage increase or decrease from 1920.)

100
FOODSTUFFS
CORN (GRINDINGS)
SUGAR (MELTINGS)
BEEF
PORK
LAMB AND MUTTON
COTTONSEED OIL
OLEOMARGARINE ( CONSUMPTION)
WHEAT FLOUR'

TEXTILES
COTTON ( CONSUMPTION )
SILK-(CONSUMPTION)
FINE COTTON GOODS
KNIT UNDERWEAR

METALS
IRON ORE
PIG IRON
STEEL INGOTS
8TEEL SHEETS
STEEL FURNITURE
MERCHANT PIG IRON
TIN (CONSUMPTION)
COPPER
2INC
STRUCTURAL STEEL<SALES)
STEEL CASTINGS(SALES)

FUEL AND POWER
ANTHRACITE COAL
BITUMINOUS COAL
BEEHIVE COKE
BY-PRODUCT COKE
CRUDE PETROLEUM
GASOLINE
KEROSENE
LUBRICANTS
ELECTRIC ENERGY

BUILDING AND MATERIALS
CONTRACTS LET. FLOOR SPACE
CONTRACTS LET, VALUE
SOUTHERN PINE
DOUGLAS FIR
CALIFORNIA REDWOOD
CALIFORNIA WHITE PINE
MICHIGAN SOFTWOODS
MICHIGAN HARDWOODS
WESTERN PINE
NORTH CAROLINA PINE
NORTHERN HEMLOCK
NORTHERN HARDWOODS
NORTHERN PINE LUMBER
NORTHERN PINE LATH
OAK FLOORING
MAPLE FLOORING
CLAY FIRE BRICK
SILICA BRICK
FACE BRICK
CEMENT
BATHS, ENAMEL
LAVATORIES. ENAMEL
SINKS. ENAMEL

TOBACCO
LARGE CIGARS
SMALL CIGARETTES
MANFD. TOBACCO AND SNUFF

TRANSPORTATION




AUTOMOBILES, PASSENGER
AUTOMOBILES, TRUCKS
LOCOMOTIVES 'SHIPMENTS)
SHIPS (COMPLETED)

DECREASE
PER CENT
50

INCREASE
60

PER CENT
100

150

200

GRAPHIC SUMMARY OF COMMERCE AND INDUSTRY: 1919-1923.
The diagrams below supplementing the set of 36 similar drawings published in the February "Survey"
(No. 30) complete the graphic presentation of the more important production and distribution movements
for which comparable data covering the years 1919 to 1923 are available.
(The diagrams are based on 1913 as 100 except in the case of wheat flour production, which is relative to 1911.)
ANTHRACITE COAL PRO
DUCTION.

TOTAL COKE PRODUCTION.

STRUCTURAL STEEL SALES
(computed),

WHEAT FLOUR PRODUCTION,

I TONS

I—

0fi.43«,000 TONS

137,000,000 BBLS.

M,36a.000 TONS

-ICUTOTAL-II6.000.000
1313 T O T A L -

IB B i l l
1819

1920

1931

1822

1923

BEEF PRODUCTION (inspected
slaughter).

1919

IS20

1921

NET FREIGHT TON-MILE
OPERATION.

flUll
1919

1920

1921

1922

1923

RAILROAD NET OPERATING
INCOME (per cent on tentative valuation).

PRICES OF 25 RAILROAD
STOCKS.

3.170.000.000 POUNDS

J9J3 MONTHLY AVERAGE -.Mf-97
MO. IS

ni3 RATIO - 6-1ay.

1019

1020 1021 1822 1023

PRODUCTION OF TOBACCO
AND TOBACCO PRODUCTS.

1920

1821 1922 1923

COMMERCIAL INTEREST
RATES.

1019

1820

1921

1022

IB23

TOTAL CORPORATE DIVIDEND PAYMENTS.

1919

1920

1921

1922

SALES OF STOCK (N. Y.
Stock Exchange).

1
ij
ti
1^1 ia_
IBBB1
i 1I
-

§ 176
X ISO

11

^™ *BMARE3flBJ
Ria TOT* i
L « 63.000,0a

I1H!
1920

1921

18

PATENTS GRANTED—AGRICULTURAL IMPLEMENTS.

1919

1920

1821

1922

1923

PATENTS GRANTED-INTERNAL COMBUSTION ENGINES.

iaB:s
MAGAZINE ADVERTISING.

1919

1920

1921

1922

1823

H
i B
NEW I
LIFE INSURANCE
1 BUSINESS (Talue).

1013 TOTAL *• «90




|9t9
1919

1020

II

1920

1021

1922

1923

1023

8
BUSINESS SUMMARY.
(Index numbers based on the 1919 monthly average as 10O—except unfilled orders which are based on the 1020 average—enable comparisons to be made of the relative condition of tho several phases of business. The use of index numbers is more fully explained on the inside front cover, and details of this summary are given in the
table entitled " Indexes of Business/' beginning on p. 26.)
1922

1924

December.

October.

November.

December.

1

1

January.

PRODUCTION:

Manufacturing (65 commodities)
Raw materials, total
Minerals
Animal products
Crops
Forestry
Electric power
Building construction
(contracts
awarded)
STOCKS OF COMMODITIES
UNFILLED ORDERS (relative to 1920)
SALES (based on value):

Mail-order houses (4)
Ten-cent chains
Wholesale trade
Department stores-

j
.._.

104
129
125
129
133
103
153

120
108
128
119
93
108
160

111

102

107

127
54

132
53

136
58

132
63

89
115
7S
101

134
182
98
148

122
177
84
142

331
71
203

99
126
79
109

76

74
81

74
81

73
SI

73
SO

95

96

96

96

100

99

98

99

128
134

116
122

101
103

107

92

189

100

106
128
117
119
142
98
142

115
116
124
113
115
107
147

121
157
152
122
184
131
152

83

83

116

125
75

126
85

108
279
72
189

76
79

111
141
136
123
158
119
149

us

PRICES (recomputed to 1919 base):

Wholesale, all commodities
Retail food
_
COST OF LIVING

(recomputed

to

1919

base)

92

FACTORY EMPLOYMENT

1919 base)

77

(recomputed

to

92
92
95

TRANSPORTATION :

Net freight ton-mile operation
Average weekly carloadings
Net available car surplus (end of
month)

110
105

110
100

-41

-28

"Partly estimated.

BUSINESS CONDITIONS IN JANUARY.
The following pages contain a review by principal
industries of the more important statistics shown in
the table on "Trend of Business Movements'* (p. 30).
Summaries of production, stocks, sales, and price
changes are also given, based upon data in the tables
on "Indexes of Business" (p. 26).
PRODUCTION.

Mineral production for January based upon the
1919 monthly average as 100 stood at 128, as against
125 in December and 124 a year ago. Increases in
the output of minerals occurred in bituminous coal,
copper, zinc, and silver, while declines were registered
in petroleum, anthracite coal, and gold.
Marketings of animal products stood at 119 for January, as compared with 129 for December and 113 a
year ago. Increases over a year ago occurred in hogs,
sheep, and milk, while decreases were registered in eggs
and poultry. Crop marketings show the following
comparisons with a year ago: Grains, 94 against 152;
vegetables, 129 against 112; fruits 89 against 94;
cotton and cottonseed 81 against 80. The total index




at 93 compares with 115 a year ago. The output of
manufactured goods, according to the revised index
on a 1919 base, shows textiles at 117 compared with 95
in December and 129 a j-ear ago; iron and steel at
124" against 106 and 133; lumber at 124 against 115
and 125; paper and printing at 112 against 103 and
111; and tobacco at 111 against 88 and 107. The
total index for January stood at 120 against 104 m
December and 115 a year ago.
STOCKS.

The trend of commodity stocks as seen from the
revised stocks index published in the preceding issue
(No. 30) is shown by the following comparisons:
Raw foodstuffs at 148 against 147 at the end of December and 175 a year ago; raw materials for further
manufacture at 134 against 149 and 123; manufactured foodstuffs at 76 against 76 and 73; and other
manufactured commodities at 156 against 159 and
122. The total index at 132 may be compared with
136 for December and 126 a year ago.

9
RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS IN BASIC INDUSTRIES.
(Monthly average 1920=100.)

1920

PRODUCTION 65 COMMi •DITIES

^

d

I

1

>

II

5

SALES.

and drugs^andi^miscellaneous commodities advanced
over
the previous month, while farm products and
Manufacturers' sales, in general, increased over
cloths
and clothing declined. As regrouped by the
December, greater sales activity being recorded in
Federal
Reserve Board, this index shows an increase
the iron and steel, building materials, and textile
in
forest
products and mineral products, while agriindustries. The index of unfilled orders on manufaccultural
products
and consumers' goods recorded
turers' books, based on the 1920 average as 100, stood
declines.
Dun's
index
increased while Bradstreet's
at 63 as against 58 in December and 85 a year ago.
registered
a
slight
decline
in January.
Wholesale trade in all lines registered the customary
The
Federal
Reserve
Board's
index for international
seasonal increase, except shoes and hardware, which
comparison
at
163
showed
no
change
from the prices
showed no change from December. Based on 1919
prevailing
during
the
four
preceding
months, while
as 100, the combined index of wholesale trade for
British
and
French
prices
continued
to
advance, the
January, based on value of sales, stood at 79 against
increase
over
September
amounting
in
each
instance
71 in December and 77 a year ago.
to
8
per
cent.
Retail trade of 5-and-10-cent chains stood at 126
Retail food prices, according to the index of the
against 115 a year ago based on 1919 as 100, while
sales of four mail-order houses were computed at 99 Department of Labor, stood at 149 against 150 for
for January as compared with 89 a year ago. De- December and 144 a year ago. The cost-of-living
partment store sales increased 8 per cent over January, index at 165 showed no change in January and may
be compared with 158 a year ago.
1923.
PRICES.
Prices received by producers for their crops at 140,
based on 1913 average prices as 100, may be compared
with 137 for November and 126 a year ago, while the
livestock index at 97 may be compared with 94 for
December and 106 a year ago.
The wholesale price index as compiled by the
Department of Labor at 151 for January, based on
1913 as 100, showed no change from the previous
month and may be compared with 156 for a year ago.
Wholesale prices of fuels, building materials, chemicals
 88005—24


2

TEXTILES.

Receipts of wool at Boston increased in January,
but were more than 33 per cent below a year ago.
Imports of wool increased, but were 45 per cent below
a year ago. Wool consumption by textile mills increased more than 18 per cent over December. Machinery activity in the woolen industry also increased
in January. Prices oL raw wool and worsted yarns
advanced in January while dress goods and suitings
remained unchanged.

COTTON CONSUMPTION IN NORTHERN AND SOUTHERN MILLS.
400

1913




1914

1916

1917

1918

1919*

1920

1921

19 22

1923

11
Cotton consumption totaled 576,644 bales in January, compared with 461,500 in the previous month
and 610,306 bales in January a year ago. Fewer
cotton spindles were active in January. Cotton
spindle activity reduced to a single-shift basis, represented in January 96.7 per cent of mill capacity, as
against 86.8 in the preceding month and 107.5 in
January a year ago. Stocks of cotton held at mills
and warehouses at the end of January totaled 4,599,798
bales, as against 5,149,617 on December 31 and
5,474,107 bales a year ago. Imports of raw cotton
increased in January, but were less than one-half as
large as a year ago, while exports of unmanufactured
cotton, although greater than a year ago, declined
from December. Exports of cotton cloth declined
in January both as respects the previous month and
January a year ago.
EXPORTS AND CONSUMPTION OP COTTON.
i.COO

. New orders and shipments of cotton goods by
finishers increased in January over the previous month,
while stocks in finishers' hands declined. Operating
activity of finishing plants was equivalent to 74 per
cent of plant capacity, as against 63 in December and
77 a year ago* Prices of raw cotton and its products
declined from December. Production of fine cotton
goods in the New Bedford district increased over
both the previous month and January a year ago,
while sales declined from December, being in January
less than one-half as large as a year ago. Dividends
scheduled for payment by Fall River mills for the
first quarter of 1924 registered declines from both the
previous quarter and the corresponding quarter of
1923, the current payments being equivalent to 1.51
per cent on capitalization, as against 3.26 for the last
quarter of 1923 and 1.69 per cent for the first quarter
of last year.
Imports of raw silk increased in January, but were
below a year ago. Silk deliveries to consuming establishments increased over December, but were, likewise,
below a year ago. Stocks of silk totaled 44,398 bales
at the end of January, as against 40,959 at the end of
1923 and 47,087 on January 31, 1923, while the whole


sale price of raw silk at New York averaged lower in
January.
Imports of burlap increased in January, while unmanufactured fibers were imported in less volume;
both movements were less, however, than n year ago.
The consumption of fur, the production of hats, and
new orders received by fur-felt hat manufacturers
increased in January.
IRON AND STEEL.

Pig-iron production increased 3 per cent in January,
but was 7 per cent below a year ago. Consumption of
iron ore likewise increased in January, while stocks of
ore at furnaces and at Lake Erie docks declined, being
on January 31, 3 per cent below a year ago. Production, sales, shipments, and unfilled orders for merchant
pig iron also increased in January. Wholesale prices
of pig iron correspondingly advanced over the preceding month.
The output of steel ingots increased.over 27 per cent
in January, but was 6 per cent below a year ago. Unfilled orders of the United States Steel Corporation
increased, being at the end of January, 8 per cent
greater than on December 31, 1923. The production
of steel sheets by independent mills increased 77 per
cent over the previous month. In terms of percentage
to plant capacity the production of sheets in January
stood at 87, as against 59 in December and 92 a year
ago. Shipments and unfilled orders for sheets likewise
increased in January, while stocks and new sales de.
clined. Wholesale prices of steel advanced during the
month.
BOOKINGS OF FABRICATED STRUCTURAL STEEL.

SHIPMENTS.

Actual
tonnage.

Per
cent of Computed | cent of Computed
tonnage.
tonnage. 1:\ cacaparity.
pacity.

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

1922.

1923.
—

---

-

-

1924.
January.

217,500
200,000
182,500
170,000
170,000
100,000
145,000
122,500
150,000 |

201,434
185,457
169,517
153,444
157,067
147,204
133,395
112,6S5
139,097

-

173, GGS
185,2S3
220,832
186,779
132,441
118,708
118,032
135,530
122,083
i 112,792
a 125,761
"187,429

* 161,410 I

73
78
93
79
5G
50

57 I
52 |
48
54
SO

189,800 !
202,800 i
211,800 |
205,400 i
145, GOO I
130,000 j
130,000 I
14S t 200
135,200 I
124,800 !
140,400 i
208,000 |

79 |
69
66 ;

205,400
179,400
171,600

187,200

G3

163,800

» Reported by 174 firms with a capacity of 235,007 tons.
2 Reported by 163 firms with a capacity of 2:i3,SS2 tons.
3 Reported by 1C3 firms with a capacity of 232,757 tons.
* Reported by 149 firms with a capacity of 223,977 tons.

12
New bookings for steel castings increased in January, but were less than one-half as large as a year ago.
New sales of fabricated structural steel declined in
January from the previous month and a year ago.
Shipments of structural steel by fabricators also declined
in January. The following table shows statistics
reported to the Department of Commerce by 179
identical firms with a present capacity of 233,905 tons
per month and total statistics computed to a capacity
of 250,000 tons per month in 1922 and 260,000 tons in
1923 prorated from the percentage figures.
January locomotive shipments by principal manufacturers were less than one-half as large as the shipments in December. Unfilled orders for locomotives
continued to decline, the number on order at the
end of January being 376, as against 2,316 on March 31,
1923, when the number on unfilled order was at its
highest. New orders for freight cars also declined in
January. Sales of mechanical stokers and new orders
for steam, power, and centrifugal pumps increased
over December.

stocks of zinc continued to accumulate. Receipts
and shipments of zinc at St. Louis declined in January,
but were well above a year ago, while the price of
prime western zinc in slabs averaged higher in January.
RELATIVE PRODUCTION AND STOCKS OF ZINC.
(1913 monthly average=100.)
240

/

220

\

\
J

I
200

1

oct

I

J
(80

160

1
J

\
1

*

\

j
1

\

1

\

1
fSI; AV

1

\

1

J

\

i

J

u
1

GE

I

1

\

\

\

80

VI
t-ric N

I
! \

LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS.

(

I

\

Z 120

/1

1

/

Y
\
\

A
I\

\

GO

J

V

\

i
i

r

40
l

i

20

0

1920

1921

I

iiiii
ii
|
1923

f

Stocks of tin at New York increased in January,
while the world visible supply, although greater than
at the end of 1923, was below a year ago. Consumption and imports also increased in January, while the
wholesale price of pig tin averaged higher during the
month.
Receipts of lead at St, Louis increased while shipments declined. The wholesale price of desilverized
lead, in pigs, averaged higher in January.
FUELS.

1

'820

I

1021

I

IQ22

I

IM3

7

NONFERROUS METALS.

Production of copper increased 2 per cent over
December, while exports of copper declined 9 per cent.
Wholesale prices of electrolytic copper averaged lower
in January, while sales of tubular plumbing goods
increased over the previous month and a year ago.
Zinc production increased in January both as
respects the previous month and a year ago, while




The output of bituminous coal and coke increased,
while anthracite coal production decreased from
December. Exports of coal declined, while coke
exports increased in January. Wholesale prices of
bituminous coal and coke averaged higher, while
anthracite prices showed no change. Below is given
a table showing, for specified dates, estimated stocks
of bituminous coal in the United States and stocks of
anthracite coal held by 474 retail dealers as compiled
by the Department of Commerce in cooperation with
the United States Geological Survey.

13
STOCKS OF COAL.

AUTOMOBILES AND TIRES.

ESTIMATED BITUMINOUS
IN UNITED STATIS.

RETAIL ANTHRACITE
(474 DEALER8).

TEAR AND MONTH.

Short tons.
1919:
Jan.l.
Apr. 1
1920:
Mar. 1
June 1
1921:
Jan.l _
Apr. 1
Aug. 1
„
Nov.l
1922:
Jan. 1
Mar.l...
Apr. 1 fc
Sept. 1
Oct. 1
Nov.l... .
1923:
Jan. 1
Feb.l
Mar.l
Junel
_
July 1
Aug. I . . . . . .
Sept. 1
Oct. 1
1924:
Jan.l

Days'
supply.

1

Short tons.

Days'
supply.^

57, GOO, 000
40,400,000

42
31

942,398
817,069

36
31

24,000,000
20,000,000

18
15

546,296

15

45,800,000
39,500,000
41,100,000
48,500,000

39
36
39
43

709,373

24

1,422,609

47

48,000,000
52, 500,000
'63,000,000
22,000,000
20,000,000
32,000,000

41
41

1,418,732
1,123,404

44
28

454,850

11

36,000,000
38,000,000
36,000,000
42,000,000
46,000,000
52,000,000
56,000,000
60,000,000

26
24
22
> 30
37
44
46
45

412,232

11

837,099
767,899
663,340

25
21
22

62,000,000

46

1,063,277

37

17
21
23

Automobile production increased in January, the
passenger-car output totaling 287,296 cars, as against
275,434 in December, and trucks 28,797, as compared
with 27,720 in December. Shipments of automobiles
in January increased correspondingly over the previous month.
RELATIVE AUTOMOBILE PRODUCTION AND EMPLOYMENT
THE VEHICLE INDUSTRY.

IN

(1921 monthly average =• 100.)

1

At current rate of consumption.
* At least 63,000,000 tons. No canvass made of consumers for this date.

Production of petroleum declined in January, while
stocks at the end of the month registered the first
, decrease since the accumulation which began in January, 1923. Petroleum prices advanced, while exports
of gasoline registered an increase of 22 per cent over
the previous month.
COMPARISON OP CALIFORNIA PETROLEUM PRODUCTION
PANAMA CANAL EASTBOUND TRAFFIC.




WITH

(1920 monthly average =» 100.)

I

1921

Production of pneumatic tires, tubes, and solid
tires increased in January. Except for pneumatic
tires, tire shipments declined while stocks of all classes
of automobile tires increased in January, Imports
of crude rubber declined 26 per cent in January, while
the wholesale price of rubber averaged 2 per cent
lower in January.
HIDES AND LEATHER.

Imports of all classes of hides and skins declined in
January, the total being less than one-half as large
as the inward movement a year ago. Exports of sole
leather increased over December, while the outward
movement of upper leather declined.
Boot and shoe production increased in January,
while exports declined. Wholesale prices of hides and
leather increased over December, while boot and sh,oe
prices showed no change in January,

14
The following table shows the number of leather
gloves and mittens cut in December and January as
reported to the Department of Commerce by 234
identical establishments:
LEATHER GLOVES AND MITTENS CUT (IN DOZEN PAIRS)*

DECEMBER, 1023, I!

and
boy's.

Wo- |
men's ;

and '
chil- |

UNTJARYJ Ufci.

WoMen's
find
boy's.

dren's.
Dress rind street gloves, etc.;
Imported
Domestic
Work gloves, mittens, ctc,__

17,860
22,786
120,414

6,058
1,831
241 |

20,795
31,179
140,073

men's
and
children's.

5,619
2,106
349

PAPER AND PAPER PRODUCTS.

Imports of mechanical wood pulp declined 50 per
cent in January, while chemical pulp imports registered a decline of 9 per cent from the previous month.
Total pulp imports in January amounted to 106,225
tons as against 148,893 tons a year ago. Production
of newsprint paper increased 9 per cent in January,
while shipments registered an increase of 6 per cent
over December. Both imports and exports of newsprint declined in January, while stocks increased,
being at the end of January about 24 per cent greater
than a year ago.
Production of paper boxes increased 15 per cent in
January, but was 6 per cent below a year ago. Domestic sales of abrasive paper and cloth increased
almost 50 per cent in January, but were 3 per cent
below a year ago.




BUTTONS AND OPTICAL GOODS,

The productive activity of manufacturers of freshwater pearl buttons declined 2 per cent in January,
while stocks of buttons at the end of the month
showed relatively no change from the inventory at
the end of 1023,
Sales of spectacle frames and mountings by manufacturers of optical goods increased 18 per cent in January, while unfilled orders at the end of the month registered an increase of 1 per cent over the previous month.
BUILDINfe CONSTRUCTION;

Construction costs in general averaged higher, being
in January from 5 to 10 per cent above a year agd.
Fire losses in the United States and Canada registered
an increase in January both as respects the previoits
month and January a year ago.
Contracts awarded1 for building construction in 27
northeastern States decreased in January, but werd
Well above the anticipated expenditure in the lettings
of a year ago. Residential construction represented
61 per cent of the total awards for all construction
amounting to §261,320,000, as against oi per cent of
the total awards amounting to §217,333,000 in Jaiiuary, 1923.
Since January, 19235 monthly construction statistics
for 36 States, representing seven-eighths of the total
construction in the United States, have been available.
In the table below are given comparative monthly
data covering the awards in those States for the same
classes of construction as are regularly published in
the Survey of Current Business covering the 27
northeastern States, data for which will be continued.

VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES.

TOTAL PUBLIC AND SEMI - PUBLI

CONSTRUCTION CONTRACTS AWARDED IN 36

STATES. 1

JANUARY—
CHARACTER OF CONSTRUCTION.

Grand total:
Value
-thousands of dollars.
Floor space
thousands of sq. ft.
Number of projects
,
Business.'
Value
thousands of dollars.
Floor space..
thousands of Sq. ft.
Number
of
projects
^.^.__
Industrial1.
Value
i __... thousands of dollars.
Floor space
thousands of sq* ft.
Number of projects,
.__
ftfesidential:
Value..-_.w
thousands Of dollars.
Floor space....
.thousands 5f sq. f t.
NUmber of projects.
i .._
Educational:
Value *-*._
thousands of dollars.
Floor space - . - . . _ . . . . thousands of eq. ft.
Number of projects.
_„_
Other public and semipublic:2
Value.
thousands of dollars.
Floor space
thousands of sq. ft.
Number of projects
,.
Public Works and utilities:
Value
thousands of dollars.
Number of projects
,
1

DECEMBER,
1923
1924

1928

299,748
53,269
8,939

301,952
56,624
8,111

242,738
43,326
6,517

42,388
8,658
978

38,393
7,778
1,057

36,332
6,797
903

25,160
5,063

24,769
3,795
280

23,152
4,765
282

147,689
33,166
6,661

170,186
37,945
5,977

122,678
26,724
4,681

58,428
4,111
202

18,519
3,114
149

16,862

15,646
2,373
291

21,705
3,225
287

15,073
2,316
227

40,536
449

28,381
361

28,642
394

2,729

130

As compiled from data furnished by the F . W. Bodge Corp.
f?/™? 68 k ° s P m l s and institutions, public buildings, social and recreational

BUILDING MATERIALS.

Total production of 10 species of lumber increased
in January, but was below a year ago. Correspondingly, shipments of the various important species of
lumber increased in January, while stocks of lumber,
except western pine, declined generally from the previous month and a year ago. Exports of lumber
increased in January both as respects the previous
month and January a year ago, while prices of lumber
in general averaged higher during the month.
Production and shipments of oak flooring in January increased both as respects the preceding month
and a year ago, while the output and shipments of
maple flooring declined from these two periods*
Stocks of both classes of flooring at the end of the
month registered a decline from the inventory at the
end of 1923. New orders and unfilled orders for
flooring increased over the previous month and, for
oak flooring, over January a year ago.
Production and shipments of refractory bricks increased over December, but were less than a year ago
except for shipments of silica brick. New orders
and unfilled orders for clay fire brick also increased
in January, while stocks of clay fire brick and silica
brick registered increases over their respective inventories at the end of the previous month. Production and shipments of face brick declined in
January, while stocks and unfilled orders increased.
Production, shipments, orders received, and unfilled
orders for paving brick likewise declined from December, the production of No. 1 and No. 2 brick in terms
°f percentage to normal plant capacity being 37, as
against 52 in December. Wholesale prices of common



brick at New York averaged higher than those prevailing in December. The production and shipments
of Portland cement declined in January, shipments
being also less than a year ago, while stocks of cement
continued to accumulate, being 23 per cent in excess
of those held a year ago. The wholesale price of
cement averaged higher in January. New concrete
paving contracts awarded in January declined from
the previous month, the total awards, however, being
36 per cent above a year ago.
New orders, shipments, stocks, and unfilled orders
for all classes of enamel sanitary ware increased in
Januar}^, while the production of roofing felt declined
from December.
CHEMICALS AND OILS.

Imports of potash increased 6 per cent over December, while the inward movement of nitrate of soda
registered an increase of 81 per cent in January over
the previous month. Exports of fertilizer, sulphuric
acid, and dyestuffs also increased in January over the
previous month, and, except for sulphuric acid, over
January a year ago. Prices of crude drugs and essential oils declined, while drugs and pharmaceuticals increased.
Receipts and stocks of turpentine and rosin at the
principal Southern ports declined seasonally and, for
rosin, were less than a year ago. Exports of vegetable oils declined 36 per cent in January, while
imports registered an increase of 77 per cent over the
previous month.
Stocks of cottonseed and cottonseed oil at the end
of January were larger than a year ago, while cottonseed-oil production declined 16 per cent from a year
ago. The wholesale price of cottonseed oil at 11 cents
per pound showed no change from December. Consumption of oleomargarine increased in January
both as respects the previous month and January a
year ago.
Receipts, shipments, and stocks of flaxsecd at
Minneapolis and Duluth decreased in January. Shipments of linseed oil from Minneapolis also declined
in January, while linseed-oil cake shipments increased
over the previous month.
CEREALS.

Receipts and shipments of wheat at principal primary markets declined in January, the receipts being
58 per cent below a year ago. Exports of wheat,
including flour, also declined, being in January 3 per
cent less than the outward movement in the same
month of last year. The visible supply of wheat in
the United States and Canada east of the Rocky
Mountains was 38 per cent greater at the end of
January than a year ago. Wholesale prices of wheat
and wheat flour averaged higher in January,

16
The following table shows the output of wheat flour
reported by over 1,000 mills each month, which made
about 84 per cent of the flour produced in 1921,
according to tho Census of Manufactures:
WHEAT FLOUR

1923.
July...
August
September
October
November
December
1924.
January

BACON, HAMS, AND LAUD: IMPORTS INTO THE UNITED KING-

PRODUCTION.

Wheat
ground
(thous. of
bushels).

Flour
produced
(thous. of
bushels).

DOM, BY COUNTRIES, 1909 TO 1923.l

Grain offal
produced
(thous. of
pounds).

Per cent
of
capacity
operated.
Denmark.

United I
States. |
35,871
44,179
44,969
50,810
43,006
37,799

633,324
772,774
796,325
903,311
783,669
678,576

48.0
54.7
62.1
62.0
58.8
49.3

41,376

737,500

52.1

Receipts of corn at the primary markets declined
in January both as respects the previous month and
a year ago, while corn shipments, although below
January, 1923, were greater than in December. The
visible corn supply at the end of January was 53 per
cent below a year ago. Exports of corn and cornmeal increased 42 per cent in January but were less
than one-half as large as a year ago. Corn grindings
for glucose and starch manufacture increased over
both the preceding month and January a year ago.
The wholesale price of corn averaged higher in January.
Receipts, exports, and the visible supply of oats
declined from the previous month, while the wholesale price advanced. Receipts and exports of barley
and rye correspondingly declined in January, while
prices of these grains averaged higher during the
month. Receipts, shipments, imports, and stocks of
rice increased in January, while exports declined.
MEATS AND DAIRY PRODUCTS.

The receipts and slaughter of cattle, hogs, and
sheep increased in January in a seasonal movement,
being, in each instance, greater than a year ago,
except for cattle, which declined. Shipments of livestock also increased in January. Exports and coldstorage holdings of pork and pork products increased
in January over both the previous month and a year
ago. Exports of beef and its products, although below
a year ago, registered an increase over the previous
month, while the storage holdings of beef at the end
of January were 10 per cent below a year ago. Coldstorage holdings of lamb and mutton were less than
one-half as large as a year ago. Wholesale prices of
beef cattle and meats declined from December.
Receipts of poultry at the primary markets declined
seasonally in January and were 13 per cent below a
year ago, while cold-storage holdings increased,
being, however, at the end of January 18 per cent
below a year ago. Total catch of fish at the principal ports and cold-storage holdings declined from
December,



In the table below are given imports of bacon, ham,
and lard into the United Kingdom, by principal
countries of origin, for the calendar years 1909 to
1923.

Other
countries.

United
States.

Other

LARD,
TOTAL.

countries.

Thousands of pounds.
1909..
1910..
19111912..
1913..

245,174
146.375
203,59S
190,215
201,978

i 202,688
| 200.972
| 237,672
I 259,680
t 261,626

20, 527
39, 213
35,057
25,720
53,318

120,240
74,567
99,378
91,840
85,184

6,211
5,976
7,561
8,723
10,576

197,185
162,670
204,149
200,534
224,600

1914..
1915...

170,573 38,336 307,790
395,315 96,759 215,218
44S, 494 178,541 178, 798
388,314 197,914 125,616
968,276 192,564
3,530

58,019
7,434
21,932
23,543
9,746

86,778 i 7,170
152,771 ! 13,040
167,284 1 6,858
126,194 I 5,984
158,929 | 15,224

197,692
247,568
216,477
168,022
309,165

1919..
1020..

660,074 234, 556
376,574 167,217
281,050 94,531
275,897 82,575
316,810 93,440

32,090
5,856
53,144
41,191
e*7 i n n I!;
67,160

192,507 |
31,762 j
114,320 i
147,903 i
181475 j
181,475

243,973
162,012
254,775
257,524
272,848

1916—
1917..
1918..

1922..
1923...

49,659
46,137
68,970
43,389
27,274

30
78,862
207,186
264,738
395,423

10,590
4,565
11,913
12,620
14,149

1
Data from Trade and Navigation of the United Kingdom as compiled from records
ia the U. S. Department of Agriculture, Bureau of Agricultural Economics,

Receipts of butter, cheese, and eggs at the principal
markets increased in January, but, except for cheese,
were below a year ago. Wholesale prices of butter
and cheese averaged lower during the month.
TOBACCO.

Consumption of tobacco and tobacco products, ?as
measured by tax-paid withdrawals, increased considerably over December and, except for large cigars, over
January a year ago. Exports of cigarettes and .unmanufactured tobacco declined from December, but were
larger than a year ago.
WATER TRANSPORTATION.

Entrances and clearances of American vessels in
foreign trade declined in January, both from the previous month and a year ago. Entrances of foreign
vessels also registered a decline from the previous
month and a year ago, while the clearances of foreign
vessels increased over both December and a year ago.
Freight rates from Atlantic ports to the United Kingdom and all Europe registered slight declines in January. Inland waterways traffic in January was negliligible because of seasonal weather conditions.
RAILROADS.

The daily average surplus of idle freight cars declined from 312,338 at the end of 1923 to 169,036 at
the end of January, while the shortage of cars increased from 123 to 4,598 in the same period.
Weekly average car loadings were larger in January
than in either the previous month or in January ft

17
year ago. Except for ore and general merchandise,
which declined from December, the increase in weekly
loadings in January over the previous month was
general, while loadings of grain and forest products,
although greater than in December, were below January a year ago. Freight cars in bad order increased,
but on February 1 were 23 per cent less than a year
ago, while locomotives in bad order, both freight and
passenger, also increased in January, but were, respectively, 31 and 25 per cent below last year.

Employment in New York State and Wisconsin
declined in January, while reports from Detroit indicate an increase over December employment amounting to 12 per cent. Average weekly earnings in New
York and Wisconsin factories also declined in January.
The following monthly figures reported by the United
States Civil Service Commission give a comparative
summary of the operations of the civil-service system:
CIVIL-SERVICE APPLICATIONS, EXAMINATIONS,
AND SEPARATIONS.1

SHORTAGE, SURPLUS, BAD-ORDER, AND TOTAL LOADINGS
OF FREIGHT CARS.
1620

1921

s.n.s

1,100

1922

is

NUMBER OF
APPLICATIONS
RECEIVED.

NUMBEK OF
VEIISON3
EXAMINED.

APPOINTMENTS,

NUMBKH OF
PERSONS
APPOINTED.

NUMI1EH OF
PKUSONS
SEPAHATED.

1923

ns

| Depart- Field Depart- Field Departj Departmental
mental Field mental Field
mental
I service. service. service. service. service. service. service. service.
Junc..^

1,000

i o, **jv

July
! 10,711
August
! 8,050
September...! 6,706
October
i 7,800
November...' 7,5(>4
December..._ ! 7,907

11,982
13,723
17,047
10, 479
13,422
9,986

3,515
2,320
1,817
1,793
3,038
2,478
1,397

11,051
12,f>00
11,770
10,824
IB, 893
15, 564
9,710

509 5t 029
599 f>, 787
C18 5,791
702 7,514
552 ! (1,012
509 , 8,059
360 I * 5,990

87G
523
515
937
823
001
475

1

0,9*.K)
8, :j7.i
f>,151>
7f 71 :i
fi, 3HS
(i, 9 M
5, 700

1
By departmental service is meant service in Washington, D. C , exclusive of the
jurisdiction of the fourth civil-service district with offices in Washington. By
field service is meant all service outside of the District of Columbia and includes
the service in Washington under the jurisdiction of the fourth civil-service district.
'- Subject to revision.

The following table, compiled from data from commercial sources, gives, by classes of labor, a summary
of employment at anthracite mines.
LABOR AT ANTHKACITE

MIKES. 1

Number of employees.

1931.

October
November
December

153,400
157,719
156,900

43,083
44,401
44,515

23,157
24,426
24,58S

43,4S7
44t 574
44,225

38,943
39r 488
38,939

4,730
4,830
4,C39

January
February..
September.,
October
November.
December..

155,172
155,370

44,418
44,355

24,242
24,418

43,879
43,900

3S.012
38,0S3

4,021
4,614

144,916
152,775
154,024
154,987

38,010
42,755
43,436
43,836

19, 295
22,156
22, 560
22,994

41,020
43,554
43,844
43,931

41,234
39,749
39,562
39,610

4,457
4,561
4,C22
4,616

January
February.- —
March
April—
,

156,408
155,511
155,813
153,850

44,310
44,104
44,319
43,706

23,313
23,130
22,9S0
21,860

44,388
43,946
44,207
44,031

39,602 i
39f577 1
39,655 I
39,506 I

4,789
4,754
4,652
4,687

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

153,443
152,665
152,281
152,697

43,717
44,011
43,842
44,126

21,506
21,170
21,016
20,820

43,907
43,839
43,613
43,513

39,615
38,949
39,066
39,492

4,698
4,096
4,744
4,74G

September.
October
November.
December-.

148,873
154,235
155,125
155,574

43,314
45,027
45,346
45,4S2

20,424
22,176
22,854
23,367

42 t 5S5
43,563
43,010
43, GOO

37,035
38,778
38,617 i
38,360 i

4,615
4,6S6
4,698
4,699

1924.
January

156,232

45,499

24,015

44,078

38,119 I 4,521

1923.

EMPLOYMENT.

Factory employment as noted from reports of 1,428
representative firms, each employing normally 500 or
more, increased 1 per cent in January. The principal
.increases in industrial employment occurred in iron
and steel, leather, paper, chemical, and automobile
factories, while employment in factories manufacturing food products, textiles, lumber, stone, clay, and
glass, and tobacco products registered declines from
December.
88005—24




a

» Data from Anthracite Bureau of information.
* No reports for sis months, March to August, inclusive, on account of strike.

18
DISTRIBUTION MOVEMENT.

Mail-order sales declined in January, but were 11
per cent above a year ago. Likewise sales of 10-cent
chains declined seasonally, but were 10 per cent above
January a year ago. Restaurant chains also had
smaller sales in January, but the January business was
greater than a year ago.
SALES OF MAIL-ORDER AND CHAIN T E N - C E N T STORES.

tures chargeable to ordinary receipts declined 3 per
cent from January, 1923, while for the fiscal year, thus
far, the expenditures, amounting to $2,136,080,000,
were about 1 per cent above a year ago.
The per capita distribution of money held outside
the Federal Reserve System and the United States
Treasury declined 6 per cent in January, amounting
to $41.77 at the end of the month as against $40.74
on January 31, 1923.
Below are given two tables showing the amount of
taxes collected, by States, counties, and other civil
divisions, and the distribution of these taxes covering
the year 1922.
SPECIFIED REVENUES OP THE STATES. COUNTIES AND INCORPORATED PLACES OVER 2,500, 1922, AND 1912, AND OP THE
NATIONAL GOVERNMENT, 1923 AND 1913.1

1922

Per
cent of
increase,

1912

CIVIL DIVISIONS.

1912 to
1922.

Thousands of dollars.
$867,468
742,331
1,532,400

$306,521
307,872
849,971

3,142,199

1,464,364

115

3,204,133

667,038

380

5 6,346,332

* 2,131,402

198

Incorporated places over 2,600

National Government

Candy sales by manufacturers, as indicated by
January tax collections, declined in December, but
were 14 per cent above a year ago, while for the calendar year 1923 manufacturers7 sales of candy, aggregating §393,163,000, were 11 per cent above 1922.
Advertising in February magazines increased, being
12 per cent above a year ago, while newspaper advertising in January declined seasonally, but was 2 per
cent above January, 1923. Postal receipts in 50
selected cities also declined seasonally, but were larger
than a year ago. Internal-revenue taxes collected in
January covering theater admissions and jewelry sales
in December increased both over the previous month
and a year ago.
PUBLIC FINANCE.
The gross debt of the United States Government was
reduced three-tenths of 1 per cent in January, standing
at $21,843,000,000 on January 31, 1924. Customs
receipts declined 2 per cent in January, but the total
for the seven months ending January 31, amounting
to 8309,778,000, was 5 per cent above the corresponding total for the period ending January 31, 1923.
Ordinary receipts in January registered a decline of
14 per cent from a year ago, while the total receipts
for the seven months of the fiscal year 1924, amounting
to §2,152,754,000, registered an increase of 3 per cent
over the corresponding period of last year. Expendi-




183
141
80

- Comparison, im and 1912.—The statistics here given form part of the 1922 census of wealth, debt, and taxation as compiled by the U. 8. Department of Commerce,
Bureau of Census. A similar census taken for 1912 included the revenues of the
J \ ClLlfJflJll I T f l V P r T i m O T i r QTI/1 rtf *lll *> + n + A n -*. *% J « » . - . « 4- i«— * V.^.4- ^

—^^.^ J— . J l , 1 - -

<««n1**yiA^

only for theT revenues
of the National Government, the state governments, and the
oSn h e comparison, however, can be extended to incorporated places having
over 2,500 population if allowance is made for the fact that the places not having
that population
in
1910 and having it in 1920 are included in the 1922 but not in the
8
di
of th^tote^
h^tote^ "^ fierence which would
ould have
have very
very little
little effect
effect on
on the
the comparability
compary
S?{n^i2 nt t 0 a n a v e r a g e *** ^ P 1 1 * i n

t b e

United States of $58.37 in 1922 and of

S P E C I F I E D R E V E N U E S O F T H E S T A T E S , C O U N T I E S , INCORPORATED P L A C E S , T O W N S H I P S , S C H O O L D I S T R I C T S , AND ALL
O T H E R C I V I L D I V I S I O N S , 1922, A N D O F T H E NATIONAL
G O V E R N M E N T , 1923. 1

CIVIL DIVISIONS.

State governments..
Counties...
Incorporated places"."
Townships...;...
School districts..."
All other civil divisions
Total

Total.

LiGeneral Special Poll censes
property taxes. taxes, and assessper- ments.
taxes.
mits.

$867,468 $348(29O$196PO81 $8,324 $305,365 $9,408
742,331
683,898
4,785 9,200 25,251 19,197
1,627,329 1,344,316 52,847 7,196 73; 238149,732
3,266 * ™
151,318
3,829 1,682
140,625
2,036
738,433
734,994
102,069
752
77,247
1
4,228,948 3,329,380 258,034 29,190 408,597203,747

National Government..,

3,204,133

Grand total

7,433,081
Censut.

19
DEBITS TO INDIVIDUAL ACCOUNTS BY FEDERAL RESERVE DISTRICTS.1
(Relative monthly average debits 1919-100. Solid line represents the actual index numbers while the broken line the index numbers after duo allowance for seasonal
variations. January, 1924, latest month plotted.)
DISTRICT I—BOSTON.
11 clearing-house centers,

DISTRICT 2—NEW YORK.
7 clearing-house centers.

DISTRICT 3-PHILADELPHlA.
10 clearing-house centers.

T
T

(40

iao

T
110

A
/

M

T

V

ta

\

/

'II

A

/

Jt

TO

DISTRICT 4-CLEVELAND.
IS clearing-house centers.

I1

f\ i A

teia

is

ton

DISTRICT 5-RICHMOND.
7 clearing-house centers.

DISTRICT C-ATLANTA.
15 clearing-house centers.

DISTRICT 8—ST. LOUIS.
5 clearing-house centers.

DISTRICT 9-MINNEAPOLIS.
9 clearing-house centers.

140

tx
190
110

to

/
./

i

i, f
1

/

1

J

h

i\
\k

V
to

1

•1

rV
•

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N
70

1

IK
I92J
a
DISTRICT 7—CHICAGO.
21 clearing-house centers.

1

i

V| '

i

mm

190

in
110
.00

•

II

I
I1

y¥

iI J

i

y
*IT

v
f

f

M

W

DISTRICT 10—KANSAS CITY.
14 clearing-house centers.

23

DISTRICT 11—DALLAS.
11 clearing-house centers.

DISTRICT 12-SAN FRANCISCO,
18 clearing-house centers,

m
H0
i»

ISO

M0

•0

f

J-1

r /\
•
V

r

1

f

7

/I

I

On pages 51 to 55 of the October 1923, Survey (No. 26) were given the actual monthly index numbers for this movement since the beginning of 1919 for the principal
clearing-house centers of the United'fitates, while on page 25 of the February, 1924, Survey (No. 30) were given the monthly index numbers since January, 1919, after
allowances for seasonal variations had been made.




20
DEBITS TO INDIVIDUAL ACCOUNTS AT PRINCIPAL CLEARING-HOUSE CENTERS.
GROUPED BY FEDERAL RESERVE DISTRICTS.
Index numbers relative to 1919 monthly average*

UNITED STATES, 141 clearing-house c e n t e r s —
BOSTON DISTRICT:

Total, 11 centers
Boston
Hartford
Providence
New Haven

NEW

..
._
_

--

--

-.-

YOKK DISTRICT:

Total, 7 centers...
Albany
Buffalo.
Rochester
New York...-

PHILADEPIIIA DISTRICT:

Total, 10 centers...
Philadelphia. _
Scrantou
Trenton
_

CLEVELAND DISTRICT:

Total, 13 centers..
Akron
Cincinnati...
Cleveland
Pittsburgh-..
Youngstown-.
Toledo
Columbus
Dayton

RICHMOND DISTRICT:

Total, 7 centers..
Baltimore. . ,
Norfolk
Richmond...
Charleston,,

110.8

99.9

96.0

123.7
12G.1
147.8
111.1
129.2

111.5
115.9
118.5
99.3
113.9

106.8
111.4
107.6
94.4
102.8

100.1
110.3
123.6
131.7
108.6

98.1
124.1
104.2
111.7
97.7

93.7
103.8
96.6
105.0
93.4

ST. LOUIS DISTRICT:

118.5
116.7
143.4
134.9

106.0
102.5
145.3
148.9

101.5
100.1
124.5
125.6

MlNNEAFOIJS DISTRICT:

113.5
85.5
138.1
98.4
117.1
111.7
156.0
115.5
1-18.0

102.2
70.0
116.6
89.4
105.7
95.0
148.3
104.3
126.0

99.3 |
66.7
116.6 KANSAS CITY DISTRICT:
Total, 14 centers
83.1
Denver
111.9 |
Kansas City, Mo..
S0.0
Omaha
119.8
St. Joseph, Mo
102.6
Oklahoma City. _.
120.0
Tulsa
-

102.2
96.3
91.6
117.2
73.0

90.5
84.2
78.5
107.8
67.6

88.0 DALLAS DISTRICT:
Total. 11 centers81.2
Dallas
76.2 !
Houston
100.9
Fort Worth..
110.8

112.9
120.3
196.6
120.0
127,1
82,8
83.8

102.2
104.9
174.6
112.5
118.7
72.0
75.7

89.2
96.7
167.8
86.2
104.2
68.9
78.3

ATLANTA DISTRICT:

Total, 15 centers..
Atlanta
Birmingham .
New OrleansJacksonville. .
Nashville
Augusta

January

February.

February.

January.

1924

1923

1924

CHICAGO DISTRICT:

Total, 21 centers....
Chicago
Detroit.
Indianapolis. __.
Milwaukee
Des M o i n e s —
Grand Rapids.
Sioux City

Total, 5 centers-.
Louisville- _.
St. Louis
Memphis
Little Rock_
Total, 9 centers
Duluth....
Minneapolis
St. Paul
Helena
Billings

1923

I February.

110.8
107.1
132.6
117.6
114.8
90.4
88.0
122 2

98.5
92.2
125.3
10S.1
111.0
79.5
77.3
117.4

117.2
111.5
112.0
124. 3
177.8

101.7
102.6
98.6
94.9
158.3

S5.

79.3
CO.O
79.4
90.1
81.8
77.8

77.5
60.0
74.0
95.1
90.9
77.8

81.6
109.6
75. S
65.9
77.6
103.0
78. 7

76.2
100.0
70.7
62.1
65.9
95.6
84.1

81.1
96.6
72.9
71.7
104.4
106.4

i 108. 8
126.7
93.5
82.6

94.8
104.3
S2.G
69. C

71.7
115.2

129.4
251.9
84.5
107.1
75.2
193.6

107.0
187.0
68.5
89.5
68.0
176.2

98.8
81.8

SAN FRANCISCO DISTRICT:

Total, 18 centers
Los Angeles
Portland, Oreg.__
San Francisco
Seattle
Oakland, CaliL_.

February.

135.7
254. 5
87.3
107. 1
87. 4
215.8

103.3
104.6
111.1
106.8
. 102.1
80.7
76.0
101.«
9S.7
98.1
93.5
98.5 .
150.0

95.0

i Revised.

BANKING AND FINANCE.

Bank debits in New York City declined in January
both as respects the previous month and a year ago,
while bank clearings increased in January over each
of the two comparative months. Check transactions
for the rest of the country as measured by debits to
individual accounts also declined in January from the
preceding month, while clearings increased.

70

u

6U

ii

50

10

T i 1i 7 R1i "
*
NO PJ CC INC

40

30

A

e

20

4

to

2

€

o.




(MCRC

CJ L L l f U

OCT.

Is 11

BONE PRICES.

JAN.—

INTEREST RATES ,

1093

\

i

Bills discounted by Federal Reserve banks declined
39 per cent in January, totaling 5522,000,000 at the
end of the month against S597,000,000 on January 31,
1923. Investments of Federal Reserve banks also
declined sharply in January, while the total reserves,
deposits, and the reserve ratio each registered a
considerable increase over the previous month.
Loans, discounts, and investments of member banks
also decreased in Januar}'. Interest rates were lower
than in December.
The two following diagrams drawn from figures
made available by the Comptroller of the Currency
show, by classes, the distribution of loans made by
i national banks during the period 1911 to 1923. The
| first diagram shows the percentage distribution as
| between time and demand loans with a further
| subdivision into loans against personal securities and
| loans and discounts on single and double-name paper
| without collateral. For convenience, loans secured
by real estate were included in this diagram, with
loans against personal collateral, the advances on
real estate by national banks being very small.

21
DISTRIBUTION OF T I M E AND DEMAND LOANS MADE
NATIONAL BANKS, BY FISCAL YEARS.

BY

The second drawing shows the percentage distribution as between loans against collateral and loans without collateral. As in the first drawing, loans and discounts secured by real estate were included with loans
on personal"collateral. It is to be noted that each
drawing from 1916 to 1923 shows a very small percentage of loans not otherwise accounted for, these representing acceptances bought or discounted and customers' liabilities on account of drafts paid under
letters of credit for which no reimbursement to the
banks has been made.
Savings deposits in 858 banks throughout the
country registered a slight decline, but the balance to
the credit of depositors on January 31 was more than
8 per cent above a year ago. New business of 40
leading life-insurance companies declined seasonally,
but was 22 per cent above January of last year,
group insurance being the only class of new business
not sharing in this general increase over the same
month a year ago.
The number of business failures increased in
January, while defaulted liabilities registered a slight
decline. Total liabilities of bankrupts since July,
1923, amounted to 8331,237,000, an increase of 11
per cent over the same period of the previous
year.

ALL OTHER LOANS AND DISCOUNTS

1911 (912 1913 1014 1916 1916 1917 1918 1910 1920 1921 1922 1923

NUMBER OF BUSINESS FAILURES AND AMOUNT OF DEFAULTED
LIABILITIES.

DISTRIBUTION OF LOANS MADE BY NATIONAL BANKS AGAINST
COLLATERAL AND ON SINGLE AND DOUBLE-NAME PAPER
WITHOUT COLLATERAL, BY FISCAL YEARS.

ALL OTHER LOANS AND DISCOUNTS

1911 1912 1913 1914 1915 1916 1917 (918 1919.1920 1821 1822 1923




I

In the preceding issue of the "Survey" (No. 30)
was given a table showing the number and liabilities
of insolvent banks by years since 1911 as compiled
from commercial sources.
Herewith is given a table compiled from reports of
the Comptroller of the Currency showing the number
and capital of national banks which failed each year
since 1870 and the percentage relation between the
capital of failed national banks and the capital of all
national banks.

22
NATIONAL BANK FAILURES, CAPITAL AND TOTAL RESOURCES
OF ALL NATIONAL BANKS, AND PERCENTAGE OF CAPITAL OF
FAILED BANKS TO TOTAL CAPITAL OF ALL NATIONAL BANKS,

BY YEARS, 187O-1923.1

FAILED BANKS.
YEARS ENDED
OCTOBER 3 1 —

Number of
failures.

Total
capital
stock.

None.
None.

None.
None.
$1,806,100
3,825,000
250,000

18701871 1872..
18731874.

Capital stock
I Total resources, of
all national
all national
banks on
banks, on or
or
about
about June 30.
June 30.

Per
cent of
failed
capital
to total
capital.

$1,565,756,910 $427,235,701
1,703,415,336 450,330,841
1,770,837,269 470,543,301
1,851,234,860 490,109,801
1,851,840,914 491,003,711

None.
None.
0.381
.780
.051

1,000,000
965,000
3,344,000
2,612,500
1,230,000

1,913,239,201
1,825,760,967
1,774,352,834
1,750,464,707
2,019,884,549

501,568,563
500,393,796
481,044,771
470,393,366
455,244,415

.199
.193
.695
.555
.270

3
None.
3
2
11

700,000
None.
1,561,300
250,000
1,285,000

2,035,493,280
2,325,832,701
2,344,342,687
2,364,833,122
2,282,598,743

455,909,565
460,227,835
477,184,390
500,298,312
522,515,996

.154
None.
.327
.050
.246

4
8
8
8
2

600,000
650,000
1,550,000
1,900,000
250,000

2,421,852,016
2,474,544,482
2,629,314,022
2,731,448,016
2,937,976,370

526,273,602
539,109,291
565,629,068
588,384,018
605,851,640

.114
.121
.274
.323
.041

1890.
1891.
1892.
1893.
1894.

750,000
3,622,000
2,450,000
10,910,000
2,770,000

3,061,770,826
3,113,415,254
3,493,794,587
3,213,2*31,732
3,422,096,423

642,073,676
672,903,597
684,678,203
685,786,718
671,091,165

.117
.538
.358
1.591
.413

1895.
1896.
1897.
1898.

5,235,020
3,805,000
5,851,500
1,200,000
850,000

3,470,553,307
3,353,797,076
3,563,408,054
3,977,675,445
4,708,833,905

658,224,179
651,144,855
632,153,042
622,016,745
604,865,327

.795
.584
.926
.193
.141

1900.,
1901.,
1902.,
1903.,
1904.,

1,800,000
1,760,000
450,000
3,480,000
1,535,000

4,944,165,624
5,675,910,043
6,008,754,976
6,286,935,106
6,655,988,687

621,536,461
645,719,099
701,990,554
743,506,048
767,378,148

.290
.273
.064
.468
.200

1905.,
1906.,
1907..
1908..
1909..

2,035,000
680,000
775,000
6,560,000
768,500

7,327,805,875
7,784,228,113
8,476,501,435
8,714,064,400
9,471,732,663

791,567,231
826,129,785
883,690,917
919,100,850
937,004,036

.257

1910.,
1911..
1912.,
1913..
1914..

875,000
275,000
1,100,000
4,350,000
1,810,000

9,896,624,697
10,383,048,694
10,861,763,877
11,036,919,757
11,482,190,771

989,567,114
1,019,633,152
1,033,570,675
1,056,919,792
1,058,192,335

.027
.106
.412
.171

1915.
1916.
1917.
1918.
1919.

1,830,000
805,000
1,230,000
250,000
25,000

11,795,685,157
13,926,868,000
16,151,040,000
17,839,502,000
20,799,550,000

1,068,519,105 !|
1,066,049,000
1,082,779,000
1,098,556,000
1,118,603,000

.171
.076
.114
.023
.002

1920.
1921.
1922.
1923..

205,000
1,870,000
2,015,000
3,205,000

22,196,737,000
19,638,446,000
20,706,010,000
21,511,766,000

1,224,166,000
1,273,880,000
1,307,216,000
1,328,891,000

.017
.147
.157
.243

1875.
1876.
1877.,
1878.
1879.
1880.
1881.
1883.
1883.
1884.

10

-!

1885.
1886.
1887.

12

.714
.082

Below is given a table showing a comparative summary of the loaning operations of the 12 Federal
intermediate credit banks since October, 1923.
LOANS AND REDISCOUNTS OF THE FEDERAL INTERMEDIATE
CREDIT BANKS 1 AT THE E N D OF MONTH.

1923

Direct loans
Rediscounts

1924

October.

November.

December.

January.

$21,257,477
6,786,077

$27,863,360
8,687,569

$30,577,492
9,104,938

$32,295,425
11,139,060

1
There are 12 intermediate credit banks located in the same cities as the 12 Federal Land Banks, as follows: Springfield, Baltimore, Columbia, Louisville, New

Orleans, St. Louis, St. Paul, Omaha, Wichita, Houston, Berkeley, and Spokane.

Prices of industrial stocks averaged 3 per cent
higher in January, while prices of railroad stocks
were almost 4 per cent higher than those prevailing
in December. Sales of stocks and bonds on the New
York Stock Exchange were larger than in either the
preceding month or in January, 1923. Prices of
bonds in general averaged almost 2 per cent higher
in January, public utility bonds making the largest
percentage increase over the previous month.
GOLD AND SILVER.

Domestic gold receipts at the mint declined in
January, but were larger than a year ago. Imports
of gold increased over both the previous month and
a year ago, while exports were less in January than
in either the preceding month or January, 1923.
Silver production increased in January, but was
less than a year ago. Both imports and exports of
silver, although greater than a year ago, registered
declines in January from the preceding month.
Prices of silver at New York declined, while at London
the price registered an increase.
FOREIGN EXCHANGE AND TRADE.

Foreign exchange rates in general averaged lower
in January, advances, however, being registered in
1
the exchange on Brazil and Argentina. The general
As compiled from reports of the Comptroller of the Currency.
index at 59 may be compared with 60 for December
On page 23 is given a drawing based upon the fig- and 68 a year ago.
ures in this table showing the relationship between
Imports into the United States increased 4 per cent
national bank failures and wholesale prices for more in January, but the total merchandise imported since
than half a century.
July, 1923, amounting to §2,000,000,000, was 1 per
Dividend payments in February were almost 3 per cent less than the value of imports for the correcent greater than a year ago, all classes of corpora- sponding period of last year. Exports from the
pg
p
of last year. Expor
tions—industrial, railroads and street railways—shar- United
States
including
rexports
United
States,
including
reexports, declined
declined 8
8 per
per
ing in the general increase in disbursements over Febcent
from
December,
but
for
the
seven
months
ending
ruary of last year. New incorporations and new
capital issues declined in January both as respects the January the value of goods exported, amounting to
§2,618,000,000, represented an increase of 12 per cent
previous month and January a year ago.
over the same period a year ago.




COMPARISON OF WHOLESALE PRICES AND NATIONAL BANK FAILURES 1870-1923.

to
CO

1870




1876

1880

1806

1800

1906

1926

24
FEBRUARY DATA.
The following table gives such February data as have been received to and including

March 12, 1924,
1024

January.

Rice:
Receipts at mills
Shipments from mills
Stocks, domestic
Sugar, raw:
Meltings
Stocks at refineries
Sugar, Cuban movement:
Receipts, Cuban ports
Exports
Stocks, end of month

February.

February,
1923.

FOREIGN

thous. of bbls..
thous. of lbs..
thous. of lbs..

1,076
110,488
201,882

580
92,655
168.037

392
56,178
203,914

..long tons..
long tons..

228,670
79,208

426,927
131.689

342,715
124,164

long tons..
long tons..
long tons..

548,358
341,821
240.622

735,588
527.741
437,958

681,939
474.764
460,009

27.5
24.9

29.9
25.1

21.8
21.1

161, 569 | 164,895
17.2
7.1 ;

215,552

858,863
45.003
33,945
196,826
66,704
8,435
493,874

908,404
49,129
32,931
189.991
79,698
9,466
534,305

848, 269
41,209
32,064
185,492
66,646
10,310
497,505

158
143

158
140

158
143

-

TRANSPORTATION.

Index of ocean freight rates, Atlantic ports to:
United Kingdom
weighted index number..
All Europe
weighted index number..
Freight-car movement:
Bad order freight cars:
Total
_
number.
Percent to total in use
number.
Car loadings (weekly average)—
Total
_.
cars.
Grain and grain products
.cars.
Livestock
.cars.
Coal
.cars.
Forest products
_
..cars.
Ore
_
cars.
Merchandise and miscellaneous...
cars.
PRICE INDEX NUMBERS.

Dun's (1st of following mo.)
Bradstreet's (1st of fol'g mo.)..

...price index no..price index no~.

DISTRIBUTION.

30,508
19,303
11,205
21,096
12,134
5,457
2,153
1,352

30,468
17,878
12,590
23,400
13,431
6,019
2,344
1,612

26,178
17,115
9,063
19,506
11,231
5,016
2,002
1,257

295,549
395,170

335,000
367,000

303,412
306,957

21,577
PUBLIC FINANCE.
21,843
U. S. iuterest-bearing debt
mills, of dolls._j 40,019
Gross debt..
mills, of dolls._j 183,307
Customs receipts.
thous. of dolls..
Ordinary receipts.
thous. of dolls.. 260,765
Total expenditures chargeable against
ordinary receipts
.thous. of dolls..

21,520
21,782
50,207
205, £07

22,368
22,717
48,311
197,517

208,432

244,276

20,689
16,135

18,120
14,713

16,784
13,375

393
522
2,023
3,263
1,991
81.3

419
532
2,022
3,230
1,986

571
596
2,247
3,202
1,952
76.2

11,884
4,480
11,239

11,874
4,496
11,165

11,639
4,690
11,525

4.55
4.88

4.50
4.78

4.78
4.63

Mail-order houses, total sales
Sears, Roebuck & Co
Montgomery Ward & Co
Ten-cent stores, total sales
F, W. Woohvorth Co
S. S. Krcsge C o . . . . : . / .
8. II. Kress Co.
McCrory Stores Corp
U. S. foreign trade:
Imports
Exports

January

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

February.

February,
1923.

EXCHANGE.

Europe:
England
...dolls, per £ sterling.
France
dolls, per franc.
Italy
dolls, per liraBelgium
..dolls, per franc.
Netherlands
dolls, per guilder.
Sweden
dolls, per krona.
Switzerland
.dolls, per franc.
Asia:
Japan.
_
.dolls, per yen.
India
..dolls, per nipee.
America:
Canada..
..dolls, per Can. doll.
Argentina
.
dolls, per gold peso_
Brazil.
dolls, per milreis.
Chile
dolls, per paper peso.
General index of foreign exchange
index number.

4.26 i
.047
.043
.042
.374
.262

4.69
.061
.048
.054
.395
.266

.173

4.31
.044
.044
.038
.374
.262
.174

.449
.305

.454
.303

.4S4
.318

.974
.737
.109
.104
59

969
765
.120
.101
58

,842
.114
.120
67

bales.
...bales.

32,925
44,398

29,80-1
40,226

36,231
44,615

Pig iron, production...
thous. of long tons.
Steel ingots, production
thous. of long tons.
Unfilled orders, U . S . Steel Corp., end of
month
thous. of long tons.
Wholesale price, composite finish
steel
____
dolls, per 100 lbs.
Wholesale price:
Composite pig iron
„ dolls, per ton.
Iron and steel
dolls, per ton.
Composite steel
dolls, per 100 lbs.
Locomotives:
ShipmentsTotal
,__
number.
Domestic
_
_ number.
Foreign
"."""""number.
Unfilled orders—
Total.
number.
Domestic
........
number.
,
Foreign
_
number.
Freight cars, orders, domestic. .
number.

3,019
3, COO

3,075
3,781

2,994
3,455

4,798

4,913

7,284

Silk:
Consumption..
Stocks
_

.m

TEXTILES.

IRON AND STEEL.

2.79

2.78

2.C1

23.18
43.35
3.03

24.13
43.45
3.03

27.98
42.61
2.72
207
196
11

151
147
4
376
344
32
9,170

499
466
33
41,346

2,220
2,141
79
7,800

thous. of lbs..
thous. of lbs

25,974
17,022

22,834
19.168

11,096
14,171

thous. of lbs..
_thous. of lbs..

12,150
7,451

11,301
7,688

11,792
5,402

carload..
.....number of machines..
number of machines..

46,359
40,976
1,018

49,219
48,300
1,100

36,165
43,613

6,650
3,029
34,693
2,571

7,961
3.787
28,037
4,838

7,044
5,096
22,668
3,992

2,213
49, 867

3,152
48,036

2,789
41,611

34,068
19,723
158, 521
15,927

40,550
17,057
129,795
26,735

30,999
27,518
101,040
22,1OS

19,825
259,264

17,781
229,93S

128
225

105
205

36,347
46,406

33,702
42,883

8,899
12,105

9,671
10,845

45.30
32.36

48.52
36.12

thous. of dolls..

BANKING AND FINANCE.

£,..

Bank clearings:
New York City..
...mills, of dolls.
Outside New York City
mills, of dolls
Federal reserve banks:
Total investments
_
mills, of dolls
Bills discounted
..mills, of dolls.
Notes in circulation..
mills, of dolls.
Total reserves
mills, of dolls.
Total deposits
...mills, of dolls.
Reserve ratio
.
„
per cent
Member banks:
Total loans and discounts
mills, of dolls.
Total 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.
War Finance Corporation:
To banks and livestock associationsAdvancements
thous. of dolls.
Repayments
thous. of dolls.
Mancc
thous. of dolls.
1 o cooperative marketing associations—
Advancements
thous. of dolls
Repayments
thous. of dolls
Balance...
thous.
of dolls.
<
Business failures:

y™^r:--

number.

2,325
66,075

1,420
2,548
64,946

2,026
9,268
119,830

134
239
2,143

15
ISO
1,978

300
1,8G5
10, COO

2,108
51,273
27,762

1,730
35,942
20,637

1,508
40,628
22,694

111.83
C0.47

115.03
65.28

.644
33,565

.643
30.875

112.14
^ Liabilities
thous. of dolls.
60.35
btock sales
thous. of shares.
Stock prices:
.634
25 industrials
-..dolls, per share.
33.549
Silver— d o l l s , per share.January, 1924,
Price at New York
.dolls, per fine oz.
Price at London
pence per standard oz.
1
Data in February column as of February 15;




NONFERROU9

METALS.

Zinc:
Receipts at St. Louis...
Shipments from St. Louis....
Lead:
Receipts at St. Louis
Shipments from St. Louis
AUTOMOBILES.

Shipments:
By railroad
Driveways
uy coat..

BUILDING A N D CONSTRUCTION.

Contracts awarded (27 States) •
Business buildings
_'_
t n o u s . of sq> f t _
Industrial buildings......
thous. of sq. ft..
Residential buildings.....?.....thous. of sq. ft..
Educational buildings..
.thous. of sq. ft..
u$ R u b l l c and semipublic
buildings.
t h 0 U S t o!sqt
ft _

88

FS?JS« ^ i W i ?
thous. of dolls..
Educational buildings
_ thous. of dolls
Other public and semipublic
"
14,899
thous. of dolls.. 261,320
thous. of dolls..
130
« ; f V « — ••
index number..!
220
Northern $ * * * " » " » « »».)index number..
Lumber37,552
Production
_„..
M ft. b . m . _
41,720
S
M ft b
Lath-^ P
"
* " m "
Production
_
M ft> b . m .
8,979
Shipments.
M ft b
9,106

a b r n g J
X s L ] T ber Pri'"arbr7
- Per M ft. b. m -

43.71
32.80
dolls,
ft.'respective
b. m._
and February, 1923, represent the condition"^'**
endperofMthe
months,
dolls

25
FEBRUARY DATA—Continued.
1924

1024

FebruJanuary.

ITEM.

February.

January.

CEMENT.

Production
thous. of bbls..
Shipments.
_
thous. of bbls..
Stocks
_
_..thous. of bbls..
Concrete paving, contracts awarded:
Total
„
thous. of sq. y d s . .
Koads
.
thous. of sq. y d s . .

8,588
5,933
16,811

8,210
6,090
13,596

4,013
2,613

4,562
3,421

6,272
4,725

_

barrels..
barrels..

10,788
41,545

12,478
34,148

barrels..
barrels..

61,971
306,600

50,G20
261,109

46,644
282,610

index number..
index number..
index number..

150
141
190

153
131
180

132
125
239

thous. of bush..

6,758

7,152

5,336

thous. of bush..
thous. of bush..
thous. of bush..

15,875
30,600
16,208

19,803
43,442
18,778

21,618
31,287
16,023

thous. of bush..
thous. of bush..

11,200
19,648

10,616
21,213

10,740
16,533

_

5,914
29,238

CHEMICALS AND DRUGS.

FOODSTUFFS.

^
_

_

thous. of bush..
thous. of bush..
thous. of bush.,

194,616
10,513
17,539

194,500
20,534
17,741

135,697
29,877
27,683

thous. of bush.
thous. of bush.
thous. of bush.
tons.

6,290
1,000
3,600
100,367

9,250
600
5,200
103,963

5,180
800
2,600
69,014

WHOLESALE PRICES.
Wool:

Worsted yarn
Wool dress goods
Men's suitings
Cotton:
Raw, N . Y
Yarn
Print cloth..

-.
-

Raw, Japanese, N . Y
Metals.
Pig Iron:
Foundry No. 2, northern
Basic Valley, furnace
Steel billets, Bessemer
Structural steel beams
Copper, electrolytic
Zinc, slab, prime Western
Tin, pig
Lead, desilverized

...dolls, per lbdolls, per y d .
dolls, per y d .

1.700
1.035
3.690

1.700
1*035

1.750
.993
3.510

dolls, p e r l b .
....dolls, p e r l b .
dolls, per yd.

.347
.552
.077

.319
.522
.071

.290
.487

.dolls, p e r l b .

7.350

6.860

8.771

dolls, per long ton.
dolls, per long ton.
dolls, per long ton.
dolls, per 100 lbs.
.dolls, p e r l b .
dolls, p e r l b .
dolls, per lb.
dolls, perlb.

24.1C
21.20
40.00
2.50
.126
.068
.485
.083

24.76

22.00
40.00
2.50
.128
.071
.529
.090

29.27
26.25
39.63
2.10
.155
.076
.423
.082




dolls, p e r l b . .

0.199

0.191

0.307

dolls, per M ft. b. m . .

10.500

19.500

19.500

dolls, per thous..

20.00

20.00

20.00

dolls, per b b l . .
dolls, per bbl...

1.72
1.72

1.75
1.75

1.75
1.00

Lumber.

Brick.

Common red, N . Y
Portland

cement.

Chicago district..
Lehigh Valley mills

3.64
11.47
4.03
1.244

3.64
11.47
4.19
1.513

4.89
10.63
7.13
1.725

Green salted packer's heavy native
steers
dolls, per lb.
Calfskin, country No. 1
dolls, p e r l b . .
Sole, oak, scoured backs, Boston
dolls, per lb_.
Chrome calf, " B " grade, Boston
dolls, per sq. ft-.
Boots and shoes:
Men's black calf bluchcr.
dolls, per pair..
Men's dress welt, tan calf, St. L..dolls. per pair..
Women's black kid Goodyear,
St. Louis
dolls, per pair..
Sulphuric acid, 66° N . Y
dolls, per 100 lbs..

4

.158
.440
.440

.158
.182
.440
.440

. lfj9
.107
.525

G. 25
4.85

6.25
4.85

6. W>
4.85

4.25
.75

3.85
.73

4.25
.70

Foodstuffs.

Cottonseed oil, New York
dolls, per lb..
Wheat:
No. 1 northern, Chicago
dolls, p e r b u .
No. 2 red winter, Chicago..
dolls, per b u .
Flour, standard patents,
Minneapolis
dolls, per bbL
Flour, winter straights, Kansas
City...
dolls, per bbl..
Other grains:
Corn, contract grades No. 2,
Chicago
..
dolls, per bu..
Oats, contract grades, Chicago
dolls, per bu..
Barley, fair to good malting,
Chicago
dolls, per bu.
Rye, No. 2, Chicago
dolls, per b u .
Cattle and beef:
Cattle, corn fed
dolls, per 100 lbs.
Beef, fresh native steers
dolls, per 100 lbs.
Beef, steer rounds No. 2
dolls, per 100 lbs.
Hogs and pork:
Pork, smoked hams, Chicago.-dolls. per 100 lbs.
Hogs, heavy, Chicago
dolls, per 100 lbs.
Sheep and mutton:
,
n,.
Sheep, ewes, Chicago..
dolls, per 100 lbs.
Sheep, Iambs, Chicago
dolls, per 100 lbs.
Ug

Coal:
Bituminous, Kanawha, L o. b.
Cincinnati. .
. . . dolls, per short ton.
Anthracite, chestnut
dplls. per long ton.
Coke, Connellsville
dolls, per short ton.
Petroleum, Kansas-Oklahoma.
dolls, per bbL

88005—24

„

Leather.

Wholesale prices:
Drugs and Pharmaceuticals
Essential oils
Crude, drugs
Corn grindings
Grain movement:
ReceiptsWheat
Cora
Oats
ShipmentsWheat
Corn
Visible s u p p l y Wheat
Corn
Oats
Argentine grain:
Visible s u p p l y Wheat
Corn
Flaxseed
Hay, receipts

Rubber.

Para, N . Y

Douglas fir, No. 1 common

_

February,

WHOLESALE PRICES—continued.
8,788
5,210
14, 355

NAVAL STORES.

Turpentine-^
Net receipts..
Stocks.....
RosinNet receipts
Stocks

February.

Wholesale, 96° centrifugal, N . Y—dolls, per l b .
Refined, N . Y
.....dolls, p e r l b .

.101

.109

1.133
1.106

1.174
1.127

1.244
1.360

6.195

6.30G

6.713

5.250

5.350

5.569

.759
.474

.797
.493

.737
.457

.705
.725

.740
.720

.GGO
.864

9.469
17.00
13.90

9.706
17.00
14.50

9.356
14.80
13.80

19.30
7.231

18-40
7.075

7.R3S
20.30

7.18S
13.32;

8.425
14.550

6.719
14. 613

.067
.084

.072
.088

.002
.073

28.00

28.00

.110

Tobacco.

Burley, good leaf, dark red,
Louisville

ln...
dolls, per 100 lbs.

27.50

INDEXES OF BUSINESS.
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., in various groups of industry and commerce. They consist in general of weighted combinations of series
of individual index numbers, and often the individual index numbers making up the series are also given. The
base year of all the index numbers is 1919, except prices which are on a 1913 base, and unfilled orders, on a
1920 base. The function of index numbers is explained on the inside front cover. A condensed form of this
table is given on page 8.
EXPLANATION.
Maximum Minimum
All index numbers are relative to 1919 as 100, exce since Jan. since Jan.
1,1920.
1,1920.
prices which are relative to 1913, and unftll
orders, which are relative to 1920.

1933

December. January.

1934

1923

1923

October. | November.! December

January.

Per cent

increase (+) or
decrease (-),

Jan. from Dec.

PRODUCTION.
RAW MATERIALS, t o t a l —
MINERALS:

Petroleum
Bituminous coal
Anthracite coal
Iron ore*._ Copper
Lead
Zinc
Gold
Silver
Total

„

-

ANIMAL PRODUCTS (marketings):

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

:___.

73

128

116

157

141

129

108

209
137
121
241
124
156
133
131
145
154

105
41
0
0
17
74
38
57
80
83

159
120
115
0
98
132
108
84
107
117

165
129
119

105
137
123
71
110
124

212
127
119
194
124
132
111
91
115
152

206
111
106
123
119
132
117
110
104
136

187
119
109
0
121
129
123
92
101
125

179
131
108
0
124
133
76
111
128

+10.1
-0. 9
0
+2.5
+8.1
-17.4
+9.9
+2.4

227
143
167
153
245
382
135
190
130

19
58
64
54
30
21
45
94
80

44
89
134
67
41
371
55
115
119

38
91
142
72
72
221
45
116
113

24
137
129
153
70
138
115
128
122

46
106
145
80
48
292
90
122
123

87
88
156
67
49
382
70
125
129

66
92
167
75
60
192
59
126
119

-24. 1
+4.5
+7.1
+11.9
+18.3
-49.7
-15.7
+0.8
-7.8

61
43
49
22
32
4
54

250
144
109
54
179
209
168

251
119
118
49
180
156
152

110
129
149
78
86
25
120

155
118
95
58
89
31
120 |

245
90
105
75
51
16
125

204
50
84
38
45
177
94

-16.7
-44.4
-20.0
-49.3
-11.8
+1,006.3
+41.6

45
4
2
35
22
4
58

77
177
5
88
114
400
86

110
180
11
110
136
352
112

223 I
241
179
274
306
367
229

129
165 I
46
151
188 j
438
134

76
152
8
97
109
470
85

127
105
47
139
191
501
129

4
0
34
0
0
0
0
0
48

121
0
193
8
12
.0
0
0
93

655
29
100
1, 049
344
6
30
0
405

371
16
207
300
50
0
2
0
226

114
0
198
30
14
0
0
0
94

117
0
180
1
15
0
0
27
89

0
+100. 0
-5.3

25
2
23

144
107
138

120
0
198
0
13
0
0
11
94
83
61
80

+67.1
-30.9
+487. 5
+43.3
+75.2
+6.6
+51.8
+2.6
0
-1.0
-3.4

225
274
232

203
191
201

162
107
154

85
58
81

-47.5
-45.7
-47.4

46
0
28
0
22
49

71
86
155
562
118
142

69
70
80
416
95
115

73
100
566
278
121
184

75
120
368
464
138
158

63
115
188
810
150
133

83
94
74
273
102
93

+31.7
-18.3
-60.6
-66.3
-32.0
-30.1

CROPS (marketings):

Grains—
389
Corn*
218
Wheat*
211
Oats*
85
Barley*
353
Rye*
.
367
Rice*
206
Total*
Vegetables—
349
Potatoes (white)*
314
Sweet potatoes*
497
Tomatoes*
282
Onions*
316
Cabbage*
501
Celery*
___.
291
Total*
.
Fruits—
Apples*
655
Peaches*
532
Citrus fruit*
208
Grapes*
1,049
Pears*
799
Watermelons*
785
Cantaloupes*
566
Strawberries*
1,925
Total*
405
Cotton products—
Cotton*
225
Cottonseed*.,
276
• Total*
232
Miscellaneous crops—
Hay*
_
148
Tobacco*
258
Flaxseed*
" _ I 566
Cane sugar*
._
810
Total*
__
170
Grand total, crops.
195




-16.3

157

* Fluctuations between maximum and minimum largely du« to MASODAI variations.

-4.3

+7

-s

27
INDEXES OF BUSINESS—Continued.
EXPLANATION.
Maximum Minimum
AUindex numbers are relative to 1919 as 100, except since Jan. since Jan.
prices which are relative to 191$, and unfilled
1,1920.
1, 1920.
orders, which are relative to 1920.

1922

1933

December. January.

1923
October.

November.! December.

January.

Per cent"
increase (+) or j
decrease (—), |
Jan. from Dec. j

PRODUCTION—Continued.
FOREST PRODUCTS:

Lumber
Pulpwood
Gum (rosin and turpentine)
Distilled wood
Total

;

133
135
267
151
135

59
51
20
24
61

94
90
184
149
98

108
98
98
151
107

132
126
178
260
207
169
122
135
122
233
116

75
64
40
41
64
41
20
38
29
35
77

125
100
70
48
96
59
53
84
69
154
101

123
91
77
49
104
54
63
102
66
166
103

127
138
130

60
42
54

107
127
114

124 j
138 |

152
149
150
147

34
33
9
32

121
118
94
117

127 ;
136 |

135
232
150

59
51
57

94
184

95
130
115

63
82
63

121

99

2

i 90

J

107
121
94
100
3
108

+8.1
+34.4
-53. 2
+2.0
+5.9

1

137
97
66
1
56
1
105
1
90
1
68
125
1
75
181
2
111

+3.8
0.0
+8.2
+1.8
. +2.9
+4.7
+9.7
+ 19.0
+2.1
+35. 1
+4.7

94
99
95

117
117
117

+24.5
+ 15.2
+22. 1

114
111
134
113

115
101
148
106

119
128
68
124

+3.5
+26.7
-54. 1
+ 17.0

131
206
145

119
211
136

99
187
115

108
200
124

+9. 1
+7.0
+7.8

88
111
102

79
111
99

73
98

69
82
77

104

111

107

105

103

40
96
4
21
21
92

117
152
118
269
117
148

124
155
122
102
118
142

119
163
162
213
88
157

110
162
152
107
100
147

110
168
108
204
82
150

124
124
200
126

53
48
61
69

102
73
129
97

111
80
115
100

90
86
199
116

78
*86
188
109

67
183
149
2 94

126
130
275
156
176

23
38
86
79
71

80
112
197
132
139

84
121
212
137
148

103
110
275
135
176

98
116
228
132
157

119
128
147
125

50
75
64
70

75
95
80
85

105
95
121
107

103
121
142
125

79
239
221
163
145
133

2
29
20
58
37
68

12
139
134
94
90
106

4
148
159
92
96
115

5
222
112
145
113
* 121

153
139

98
30

142
83

147
83

153
116

131
106
214
106
132

128
96
185
116
2
119

118
113
118
1
90
1
115
1
117
1
75
119
73
158
2
107

128
104
89
1
65
1
100
1
100
1
60
103
1
90
202
2
106

110
113
111

108
109
108

133 j

124
126
139
127

108
207
125

76
101
91

69

140
163
188
269
118
157

1

2

1

201
98
102

M ANUFACTURINGI

Foodstuffs—
Meats
Wheat flour
Sugar.
Ice cream
Butter
___
Cheese- -.
Condensed milk
Glucose and starch
Oleomargarine.
Rice
Total
TextilesCotton (consumption)
Wool (consumption)
Total
Iron and steel—
Pig iron
Steel ingots
Locomotives
Total
Lumber—
Lumber
Flooring
Total
Leather—
Sole leather
Boots and shoes
Total
._-_
Paper and printing—
Total
Chemicals, etc.—
Coke
.„
Petroleum products
Cottonseed oil*
Turpentine and rosin*
Wood distillation
Total
Stone, day, and glass—
Brick
Glass bottles. -Cement*
Total
----Metals, excepting iron and steel—
Copper smelting and refin- j
ing
_
-_
Zinc smelting and refining.
Enamel ware
- _•
Lead
Total
Tobacco—
Manufactured tobacco and
Cigars
Cigarettes
Total
Miscellaneous—
Shipbuilding
Automobiles
Rubber tires
--Prepared roofing. _ _
Total
^Grand total, 65 commodities—
ELECTRICAL POWER

\

BUILDING CONSTRUCTION (total)*—|

no

129

103

i

1



1

1

75
96

1

84

+8.7
+ 17.1
+9.1

+8.7

112
115
168
102
96
93
144
79

+4 5
0.0
-5.6
-52.9
+ 13.4
-3.3
+ 17.9

131
101

-12. 1
+7.4

99
122
223
129
156

100
130
239

+ 1.0
+6.6
+7.2

168

+7.7

95
91
147
113

74
83
100
88

108
86
141
111

+45.9
+3.6
+41. e
+26. 1

2
190
107
124
99
3
111

11
184
115
98
101
1
104

3
192
115
1 94
*3 127
120

-72.7
+4.3
0.0
-4. 1
+25.7
+15.4

153
102

160
107

149
111

• Fluctuations between maximum and minimum largely due to seasonal variation*.
Estimated.
Partly estimated.

• January, 1920; no other figures for 1920 available.
1

132
97
61
»56
1 102
1
86
1
62
105
1 62
134
2
106

+4.6
+4.9

28
INDEXES OF BUSINESS—Continued.
1923

EXPLANATION.

Maximum Minimum
All index numbers are relative to 1919 as 100, except since Jan. since Jan.
1,1920. December,
l f 1920.
prices which are relative to 191S, and unfilled
orders, which are relative to 1920.

January.

1924

1923

1923
October.

November. December. January.

Per cent
Increase (4-) or
decrease ( - ) ,
Jan. from Dec.

STOCKS.
Total
Raw foodstuffs
Raw materials for manufactureManufactured foodstuffsManufactured commodities

132
148
134
76
156

-10.0
0.0
-1.9

58

62

+6.9

101
59
90
93
111
62
84

90
48
66
102
62
71

90
48
96
79
116
66
79

0.0
0.0
+45.5
+5.3
+13.7
+6.5
+11.3

134

122

118

99

-16.1

115
95
165
129
116
86

180
137
191
152
138
139

176
149
187
141
134
131

331
214
187
185
192
171

126
84
191
119
119
99

-61.9
-60.7
+2.1
-35.7
-38.0
-42.1

189
109

101
107

148
146

142
149

203
123

109
115

-46.3
-6.5

97
91

123
104

126
106

139
103

137
97

137
94

140
97

+2.2
+3.2

243
248
346
281
203
300
213
275
208
248

114
131
171
178
109
155
121
173
114
138

145
144
194
216
131
185
130
182
122
156

143
141
196
218
133
188
131
184
124
156

144
148
199
172
142
182
129
183
120
153

146
148
201
167
141
181
130
176
118
152

145
147
203
162
142
178
130
176
116
151

144
143
200
169
142
181
132
176
117
151

-0.7
-2.7
-1.5
+4.3
0.0
+1.7
+1.5

249
311
218
375
272
244
249
247

135
122
103
152
168
118
146
138

167
161
128
210
208
135
157
156

168
164
125
215
213
136
155
156

155
172
122
197
171
139
159
153

154
179
115
196
165
138
159
152

153
181
115
191
165
136
158
151

155
180
115
194
170
136
156
151

+1.3
-0.6
0.0
+1.6
+3.0
0.0
-1.3
0.0

246
272
267
218

102
125
142
134

137
174
165
153

139
180
166
154

150
181
163
158

147
196
163
158

148
199
163
157

144
196
163
158

+0.6

227

115

149

149

143

146

144

143

-0.7

152
281
177
115
159

84
70
69
56
89

125
161
143
72
120

126
175
123
73
122

127
120
168
80
141

132
133
161
77
153

116

40

75

85

54

53

117
78
123
99
129
73
98

58
39
64
62
88
43
62

84
58
70
76
99
57
71

89
57
101
75
113
58
77

117
75
123
98
129
73
98

134

49

109

89

331
214
190
185
192
171

84
55
117
109
106
72

279
204
166
162
179
162

202
154

80
101

309
181

136
147
149
76
159

-2.9

+0.7

UNFILLED ORDERS.
Total (based on 1920 = 100)
WHOLESALE TRADE.
(Value.)

Hardware
Shoes
Dry goods
Groceries
Drugs
Meat packing
Total

.

7

5

•

RETAIL TRADE.
(Value.)

MAIL-ORDER HOUSES (4 houses).
CHAIN STORES:

Ten-cent (5 chains)
Music (4 chains)
Grocery (32 chains)
Drug (10 chains)
Cigar (3 chains)
Shoe (6 chains)
DEPARTMENT STORES:

Sales (333 stores)
Stocks (286 stores)

PRICE INDEX NUMBERS,
(All price index numbers relative to 1913*)
FARM PRICES:

Crops (15th of month)
Livestock (15th of month)

.

WHOLESALE PRICES:

Department of Labor—
Farm products
Food, etc
Cloths and clothing
Fuel and lighting
Metals and metal products
Building material
Chemicals
House-furnishing goods
Miscellaneous
All commodities
Federal Reserve Board (Department of Labor prices)—
Total raw products
Agricultural products.
Animal products
Forest products
Mineral products
Producers' goods
Consumers' goods
All commodities
Federal Reserve Board Index—
Goods imported
Goods exported
All commodities
Dun's (1st of following mo.)_
Bradstreet's (1st of following"
month)




0.0

+0.9
0.0

2.7
-1.5
0.0

29
INDEXES OF BUSINESS—Continued.
EXPLANATION.

Maximum Minimum
All index numbers are relative to 1919 as 100, except since Jan. since Jan.
prices which are relative to 191$, and unfilled
1,1920.
1,1920.
orders, which are relative to 1920.

1922

1933

December. January.

1923
October.

lf)24

November. December.

Per cent
increase ( + ) or
decrease (—)t
Jan. from Dec.

January.

PRICE INDEX NUMBERS—
Continued.
219

139

147

144

150

151

150

149

-0.7

219
175
288
200
192
205

139
143
153
149
171
155

147
167
156
187
171
159

144
167
160
187
171
158

150
175
176
178
173
164

151
180
174
176
174
165

150
180
175
176
174
165

149
180
176
175
174
165

-0.7
0.0
+0. 6
-1.0
0.0
0.0

333
310
340

154
155
163

156
158
164

157
161
165

158
160
166

161
169
171

163
170
177

165
173
178

-M. 2
+ 1.8
+0.6

588
537
670
366
2
326

306
283
504
154
160

362
337
580
155
170

387
346
575
156

443
420
571
151
183

' 459
426
577
150
183

439
571
152
183

!

175

421
409
563
153
182

263
279
236
218

.162
144
146

165
147
161
176

165
148
163
179

163
147
171
174

164
145
173
177

164
144
174
179

164
146

i

172

-3.9

212

209

210

211

+0.5

RETAIL PRICES, FOOD
COST OF LIVING, National Industrial

Conference Board:
Food
Shelter- -."--Clothing
„_ -_
Fuel and light Sundries
All items weighted

-_

FOBEIGN WHOLESALE PRICES:

United Kingdom—
British Board Trade
London Economist
U. S. Fed. Res. Bd
France—
U. S Fed. Res. Bd
Italy (Bachi)
Sweden _ - __
_
Switzerland
- - *
Canada—
Canadian Dept. Labor
U. S. Fed. Res. Bd
.A iifitiTftlin

India (CalcuttaY
Japan—
Bank of Jauan




4

1

321
313

Partly estimated*

170
183
171

183
173

184

176
* Since January, 1921.

1!

+3. I

+1.0
+1.3
0.0
0.0

+ 1.4

30

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 thefiguresdo not lend themselves readily to statistical uniformity,
due to lateness of their 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, 1923.—This column gives the December figures corresponding to those for January shown in the next column—
in other words, cover the previous month.
January, 1924.—In * nis 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.
.•,.-,
x A, .A ^
Corresponding month, December, 1988, or January, 1923— The figures in this column present the situation exactly a year previous to those in the "January, 1924," column (that is, generally January, 1923), but where no figures are available for
January, 1924, the December, 1922, figures have been inserted in this column for comparison with the December, 1923,
figures.
Cumulative total from July 1 through latest month.—These columns set forth, for those items that properly can be cumulated,
the cumulative totals for the seven months ending January, 1923 and 1924, respectively, except where the January, 1924,
figures are lacking in which case the cumulative totals for the last six months of 1922 and 1923 are given.
Percentage increase (+) or decrease ( - ) cumulative, 1923-24 from 1922-23.—This column shows the per cent by which the
cumulated total for the seven months ending January, 1924, is greater (4*) or less (—) than the total for the corresponding period ended January, 1923.
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 pre-war 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 192(f 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 (+) 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.
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
last quarterly issue of the SURVEY ( N O . 30).

In many case* February figures are
now available and may be found in the
* pedal table on page 24.
\

NUMERICAL

December,

DATA.

CUMULATIVE TOTAL
\. CorreFROM JULY 1
sponding
I month, jj THROUGH LATEST
MONTH.
January, I' Decem- i;
1924. |i ber, I
I! 1922, or
January.
192*2-23
j 1923.

INDEX NUMBERS.

Per
cent
11 increase
ii crease
!i ( - )
•' cumui lative
1923-24
!; from
i1922-23.

BASE ;
1922
YEAR i
OR
I
PERIOD.

Per,
cent
in-

1923
orde-

Dec. Jan. ' Oct.Nov. i Dec.Jan.

from
Dec.

TEXTILES.
Wool.
Eeceipts at Boston:
|
Domestic
thous. of lbs..i
Foreign
thous. of lbs..
Total
thous. of lbs..
Imports, unmanufactured
thous. of lbs
Consumption by teitile mills,
grease equivalent
thous. of l b s . .
Machinery activity hourly:
Looms, wide
per ct. of hours active I
Looms, narrow
per ct. of hours active _J
Looms,
j
carpet and rug...per ct. of hours active '
Sets of cards
per ct. of hours active, .
Combs_
per ct. of hours active..
Spmning spindlesWoolen
per c t of hours active..
, „ . . worsted
per ct. of hours active..
Machinery activity (no. of machines)'
Woolen
spindles
per ct. of active to t o t a l 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_Kaw, Ohio,
1 blood unwashed
dolls, per 1b
Raw, territory fine,
^SCOUred..
" d
*.
dn11<5 n o r IK

15,511 |
4,952 i
20,463 j
11,797 |

11,823
18,336
30,159
30,786

6,723
39,066
45,789
56,313

103,849
171,804
275,654
250,323

94,066 - 9.4
44,618 - 74.0
138684 - 49.7
93,558 - 62.6

1913
1913
1913
1913

659 ! 740
227 i 244
362 ! 445

45,452:

53,845

63,348 [

403,323

342,587 - 15.1

1921

132 j 144

71.2
65.9

72 8
67.3

1921
1921

123
115 ;

71.4

75.0
87.1

86.7 !
83.7 j
i
86.3
95.1
»103.0
fi

1921
1921
1921

162 I 168 t 164
165
132
133 I 130 ? 130
96
116
116 !
97 ;

1921
1921

126
120

127 I:

1913

110

no

1913
1913
1913
1913

120
109
114
125

87.4 j
83.3 !

80.7
74.2 I

91.6 i t
95.4 !L.

SI
77 !
73
79 !
86 '
.51

1.34
worsted yam.;:..::::::::::;S: gS »
1.650 ;
Wool dress goods
dolls, per y d "
1.035
Men'ssuitings
dolls, per y d "
3.690 I
1
Overtime was reported sumcient to offset all idle hours




86.4 !
72.8 !

.52 i

.51 J.

1.37 |
1-44 i
1.700 j
1.700
1.035
.950
3.690 !
3.420 !
and leave an excess.

50 '

1913

1913
1913
1913
1913

;

76
117

126 ! 111
131 | 116

116 !

122 :
109
118 ;
120 ;
204

246
212
169
221

32

60
40

253 j
219
169
221

61
66
62
78

-23.8
+270.3
+ 47.4
+161.0

115 i
94 !
109 !
93-

114 j 103 j 122 + 18.5
112
116

103 i 106 +
103 ; 105 +

3.0

1-0
5.0
0.0

139
122
93

146
122
101

+ 8.6

122 ;
100 ;

123
101

112
91

120
89

+ 7.1
I 2.2

109 :

106

105

105

0.0

114
104 ;

111
104
110
120

104
99
108
126

99
99
111
121

+ 2.8
Z 4.0

188 i 192

204

208 + 2.0

235
212
184
239

240
219
184
239

in
127

228 ! 228
212
212
184 i 184
93U

0.0

X

2-2
3.0
0.0

CO

31
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked w i t h a n asterisk (*)
have n o t been published previously in t h e
SUBVEY or are repeated for special reasons;
CUMULATIVE TOTAL
detailed tables covering baek figures for these
CorreFROM JULY 1
items will be found at t h e end of this bulletin.
sponding
THROUGH LATEST
For detailed tables covering other items, see
month,
DecemMONTH.
last quarterly issue of t h e SURVEY ( N O . 30).
January, December,
1924.
ber,
1928.
In many cases February figures are
1922, or
now available and may be found in the
January,
1922-23
1928-24
special table on page 24.
1923.

I N D E X NUMBERS.

Per
cent
increase!
or decrease
(-)
cumulative
1023-24
from
1922-23.

BASE
YEAR
OR
PERIOD.

i 1922

Dec.

Per
mjt
increase

11)23

( )

t

Ji)24

or decrease
(-)
Jan.
from
Jan. ! Oct. Nov. Dec. Jan.
Dec.

TEXTILES—Continued.
Cotton.
Ginnings
thous. of bales.
Receipts into sight
thous. of bales.
Imports, unmanufactured
bales.
Exports, unmanufactured
(mcl. linters)
balesConsumption by textile mills
bales.
Stocks, end of month:
Total domestic ginned
thous. of bales.
Mills-.
thous. of balesWarehouses
thous. of bales.,
Elsewhere (computed)
thous. of bales.
World visible,
American
thous. of bales-,
Manufactured goods:
Cotton cloth exports
thous. of sq. yds..
Fabric consumption.
by tiremfrs
thous. oflbs..
Elastic webbing sales
thous. of yds..
Fine cotton goods (New Bedford district):
Production
Sales
Cotton finishing:
Orders received, grey yardageWhite goods
thous. of yds..
Dyed goods
thous. of yds-,
Printed goods
thous. of yds.
Total
thous. of yds.,
Billings,finishedgoods (as produced)—
White goods
thous. of yds-,
Dyed goods
thous. of yds.
Printed goods
thous. of yds.
Total
thous. of yds..
Shipments, finished goodsWhite
te goods
D
y d goods
d
Dyed
Dye
P i n t e d goods
Prin
Totall
Stocks, finished g o o d s White goods
Dyed goods..
cases.
Printed goods
cases.
Total
cases.
Operating activity._.per cent of capacityMachinery activity of spindles:
Active spindles
thousandsTotal activity
millions of hours.
Activity per spindle
_
hours.
Per cent of capacity
per centPrices:
Raw cotton to producer &
dolls, per l b .
Raw cotton, New York
dolls, per lb_
Cotton y a r n —
dolls, per Ib_
Print cloth—
dolls, per y d .
Sheeting
dolls, per y d .
Clothing:
Men's and boys* garments c u t Men's suits, wool
number..
Men's suits, other..—
number..
Men's separate trousers,
wool
number..
Men's separate trousers,
other
number..
Men's overcoats
number..
Boys' suits and separate
pants
numberBoys' overcoats and reefers..-number..
Work clothing:
Cut
dozens..
Sales.
dozens..
Cancellations
dozens.Stocks, end of month
dozens. «j
Knit underwear:
Production
dozens..
Orders received
thous. of dozens..]
Shipments..
dozens.Cancellations
...dozensUnfilled orders, end of
month
thous. of dozens.-|
Raw Silk.
Imports
„.
Deliveries (consumption)
Stocks, end of month
Price, Japanese, N . Y

J h o u s . of l b s . .
bales..
bales..
dolls, per lb._

1

1,707
35,601

,8
896
47,693

9,648
872
105,215

845,581
461,560

546,253
576,644

473,436
610,306

6,140
1,623
3,526

5,202
1,633
2,966

6,293
1,988
3,486

3,405

602

919

3,030

3,359

9,203
278,406

9,423 + 2.4
123,857 - 55.5
3,753,230 4,048,877
7.9
3,730,977. 3,549,770
4.9

1913
1913

12G

72
518

197
37

177
82

1913
1913

84
114

65
131

108
116

106
114

1914
1913
1913
1914

141
141
236
73

122
146
202

125
81
202
106

1913

123

90

112

142
175
116
99

75
235 + 34.0

133
100
218

119
119
204
57

101 '+15.3
120 + 0.0
172 - 15.9
34
66. 2

75 - 35.4
121 + 24.0

52

104

110

- 11.0

121
105
164
100

100

94

77 - 18.3

126
77

119
6S

125
60

175 + 39.6

109

- 25.5

a 1013

69,332
89,352

58,134 - 16.2
63,311 I - 29.1

1921
1919

142
97

401,786
556,440

2,823,678
2,998,959

3,057,753 + 8.3
2,346,127 - 21.8

1919
1919

114

105
125

116 I 120
73

117
61

121 ;+ 3.5
56 - 7.S

32,569
37,143

39,404
44,992
16,052
111,130

262,142
276,364
96,179
708,868

236,446
241,083 - 12.8
58,201 - 39.5
- 15.8

* 1921
<1921
•1921
'1921

100
131
85
107

117
154
103
123

118
128
69
109

110
124
59
102

103
104
47
90

-6.2
127 + 21.5
00 + 28.6
7.2
90

36,735
8,682
92,714

38,733
37,142
16,170
105,986

267,120
242,847
93,952
687, 576

236,737 - 11.4
245,495 1+ 1.1
60,521 - 35.6
612,909 - 10.9

*1921
9
<1921
'1921

117
153
104
125

119
140
123
124

129
154
75
120

111
154
77
114

118
139
71
111

16,903
8,518
1,711
46,586

19,651
9,411
1,830
54,291

17,604
12,576
2,140
57,471

118,758
77,747
18,445
364,222

111,565 - 6.1
56,370 - 27.5
11,884 - 35.6
313,120 - 14.0

U921
* 1921
U921
«1921

119
159
7G
124

114
159
74
128

118
116
69
110

105
108
77
101

109
107
59
104

j 113- 4 . 6
I 133- 4 . 3
' 66 - 6.0
! 109- 2.2
127 |+ 16.3
119 1+ 10.5
63 + 7.0
121 !+ l&fi

11,790
8,271
2,376
49,506

11,554
8,332
2,386
48,007

9,041
5,604
2,497
43,658
77

U921
U921
* 1921
U921
U921

134
161
85
127
114

124
144
84
120
118

159
18S
86
132
111

172
177
80
135
102

1G2
212
80
137

34,045
7,139
190
86.8

33,340
8,448
224
96.7

35,237
9,266
249
107.5

1913
1922
1922

114
107
106

115
120
119

112
109
107

112
104
102

111 j 109 - 2 . 1
109 + 18,3
02
107 + 17.9
01
+ 11.4

.321
.358
.564
.081
.133

.325
.347
.552
.078
.121

.259
.275
.474
.077
.135

1913
1913
1913
1913
1913

204
201
186
223
196

21G
215
192
227
197

240
235
200
217
204

258
274
218
229
208

268
2S0
228
236
217

579,698
96,125

700,896
119,516

431,719

630,394

424,394
99,369

342,925
147,160

- 19.2
+ 48.1

504,898
16,057

673,921
16,615

. !+ 33. f.
. 1+ 3.5

143,685
133,434
2,782
241,336

171,121
173,368
1,711
240,469

717,300
-1,039
662,400
35,100

756,000
758
767,700
4,500

635,400
1,167
850,500
22,500

2,866

2,377

2,950

5,096
23,274
40,959
7.742

5,304
32,925
44,39S

5,603
34,680
47,087
8.183

34,824

-28,444

8,387
8,752

11,706

38,893
10,997
t> 14,260

448,701
271,649

464,408
250,360

34,738
30,561
7,282
81,041
38,499
36,931
9,323
94,824

7.350

338,787

236,568

252,235

237,748 •+ 0.5

|+
+
-

158
214
80
133
114

2.0
0.7
0.4
3.0
17.5

1.2
- 3.1
- 2.1
-3.7
- V.O

271
271
223
223
220

!+ 21.5
+ 24.3
+ 46.0

j
!

I;—- i " " "

- - — --;
-'

I
4,271,400
6,618

4,942,800
94,500

5,064,300
5,675
5,104,800
152,100

-f 18.6
- 14.2
+ 3.3
+ 61.0

1920
«1920
«1920
»1920
•1920

38,873
232,640

37,426 - 3.7
196,390 - 15.6

1913
U920
1920
1913

i+ 19.1
-JI+ 29.9
j - 38.5

;

II- 0.4

107
1,133 1,157
185
119
46
17

131
692
143
41

132
121
625 1,029
144
156
70
45

128
751
167
9

687

463

451

473 | | - 17.1

502

570

ji+
1111+
||-

5.4
28.0
15.9
87. a

212
184
186 + 4.1
197
179
141
145
185 + 41.fi
195
131
64
69
87 i+ 8.4
92
80
5.1
226.2 224 8 215.4 |215. 4 1212.7 201.9 190
174

6

December, 1922.
. ,
2
Qinnings are crop-year cumulative* through January 16,1924 and 1923, respectively.
3
Twelve months' average, July to June, inclusive, ending the year indicated.

> V^TmS£SSS^S^Jm^^^^»

.i of the 15th of the month;fl^reb. Jauuary, IW. column is „ of February l. 1KB. ludexe* prior to

December, 1923, relate t o prices as of t h e first of t h e following m o n t h indicated.
6
Relative t o six m o n t h s ' average, J u l y to December, inclusive.
' Relative to eleven m o n t h s ' average, F e b r u a r y t o December, inclusive,




32
TREND OF BUSINESS MOVEMENTS—Continued.
NOTE.—Items marked with an asterisk (*;
have not been published previously in thi
SURVEY or are repeated for special reasons;
detailed tables covering back figures for thesi
items will bo found at the end of this bulletin.
For detailed tables covering other items, see
last quarterly issue of the SUEYEY ( N O . 30).

In many cases February figures art
now available and may be found in th<
special table on page 24.

(il

N U M E R I C A L DATA.

December,
1923.

January,
1924.

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH.

Correspondini
month,
December,
1922, or
January
1923.

/1922-23

61, OK;
47, lOfi

307,153
198,956

INDEX NUMBERS.

Per
cent
I increase'

1923-24

<+>
or decrease
<-)
cumulative
1923-24
from
11922-23.

BASE
YEAR
OR
PERIOD.

1923

1922

1924

Per
cent
ini crease
j or dell crease

| Dec. Jan.

Oct.

180
165

137
67

Jan.
from
Dec.

Nov Dec. Jan

TEXTILES—Continued.
B u r l a p a n d Fiber.
Imports:
Burlap
thous. of lbs.
Fiber (unmanufactured)
'.long tons,

48,671
33,246

56,04!
25,422

332,055 + 8.1
164,800 - 17.2

1909-13
1909-13

Ill
129

151
120

143
116

165 ' + 15.2
89 - 23.5

Pyroxylin Coated Textiles.
Pyroxylin spread
Shipments billed:
Light goods
Heavy goods
Unfilled orders, end of month:
Light goods
Heavy goods

thous. of lbs.

2,058

2,912

[+41.5

linear yds
linear yds

602,904
1,080,157

688,583
,384,688

+ 14.2
+ 28.2

linear yds.
533,661 420,46:
linear yds. 1,533,549 1,946,67<

- 21.2
. + 26.9

Fur-Felt Hats.
Fur:
Consumption
. - . . - . .lbs
Stock, end of month
„-_,
lbs
a

Formed
Orders booked
Surplus bales, end of month

..dozens
..dozens.
dozens.

108,767
508,607

156,41'
818,93:

48,531
50,346
43,121

70,04
46.19S

30', 654
7,981
4,479
2,921

33,99;
26,453
7,538
4,688
3,019

35,151
26,684
8,467
4,999
3,230

231
94,265

248
101,435

262
105,125

• 423
199
404
1,127

429
613
433
1,297

459
503
424
1,243

922
160

918
161

275
75

+ 43.8
+ 61.0
+ 46.8

METALS.
I r o n Ore a n d Pig I r o n .
Iron ore:
Stocks—
Total
...J;hous. of tons
At furnaces
.thous. of tons.
On Lake Erie docks....thous. of tons.
Consumption
---thous. of tons,
Pig iron, production
..thous. of long tons,
Furnaces in blast:
Fumaco
..number.
Capacity
...long tons per day.
Merchant pig iron:
Production
..thous. of long tons.
Sales
thous. of long tons.
Shipments
thous. of long tons.
Unfilled orders
thous. of long tons.
Stocks, merchant
furnaces
thous. of long tons.
Stocks, steel plants
thous. of long tons.
Ohio gray-iron foundries:
Meltings
long tons.
Meltings
percent of normal.
Receipts of iron
long tons.
Stocks
...long tons.
"Wholesale prices:
Foundry No. 2,
Northern
....dolls, per long ton.
Basic Valley furnace...dolls, per long tonComposite pig iron....doils. per long ton.
Malleable castings:
Production
tons.
Shipments
tons.
Orders booked
tons.
Operating activity
per ct. of capacity.
Cast iron pipe:
Production
tons.
Shipments
tons.,
New orders
tons..

14,571
57.06
11,534
23,938

2,239
2,382
2,403

115
120
104
124
126

135
148
100
119
123

140
153
108
110
113

1913
1913

94
121

97
125

91
118

86
112

44.8 II 1914
20.4 I 1914
16.2 ft 1914
1914

113
245
114
88

121
152
127
95

121
76
120
47

114
297
110
97

112
113 + L4
112
186 1+208.0
60
121 | 130
7.2
86 j 99

1914
1921

30
41

36
40

109
85

118
80

121
85

1922
1922
1922
1922

123
118
160
82

110
115
132
91

176
131
200
110

165
136
168
106

120
110
140
107

1913
1913
1913

171
169
173

180
175
177

159
160
158

148
142
146

34,323 + 25.3
22,224 + 23.1

3,241
2,867
2,792

24.16
21.20
23.18

44,586
41,328
40,800
47.1!

56,278
58,504

111 I - 12.0
119
93
117
4.7
118

131
137
114
120
121

7

^14,929
6 61.02
& 13,179
& 18,245

23.76
21.00
22.80

63,714
59,434
188,077

27,399
18,059

fi 1919
•1919
•1919
81919
1913

28.77
25.80
27.31

127
138
98
111
114

''- ft

121 1 85

151
144
150




- 1.7
- 1.0
- 1.7
- 41.6

- 57.0

5S.0

• 23.1

81,431
63,987
204,547

-27-8
• 7.7

. 8.8

3,600

3,822

22,364

23,626

5.6

49,164
18,970
30,194

100,605
47,879
52,726

533,603
243,553
290,050

317,523
113,666
203,857

40.5 il.
53.3 I
•29.7 II;

,561,895

1,437,783 -

7.9

4,798

6,911

274,097
87.2
228,660
234,858
471,053

260,520
92.0
248,337
252,489
511,346

117,069
37,541

131,550
32,229

40.00
43.35
3.03
a 79
2.50 i

0.4
0.6

-26.2

64,058

C r u d e Steel.
Steel ingots, production...thous. of long tons..
2,844
Steel castings:
Total bookings
short tons..
41,098
Railroad specialties
short tons...
15,182
Miscellaneous bookings
short tons
25,916
Unfilled orders, U. S. Steel Corp.,
end of month
..thous. of long tons
4,445
Sheets, blue, black, and galvanized:
Production (actual)
short tons
155,229
Production.
per ct. of capacity!!
58.8
Shipments
_
short tons , 183,600
Sales
short tons.. 349,446
Unfilled orders
short tons
445,167
StocksTotal
short tons.. 104,062
44,146
«Tw i V n s ( 4 d
short tons..
Wholesale prices:
40.00
Steel billets, Bessemer.dolls. per long ton
43.03
Iron and steel.
dolls, per long t o n "
3.02
Composite steel
dolls, per 100 l b s "
2.78
Composite finished steel.dolls. per 100 lbs "
2.50
i
Structural steel beams...dolls, per 100 l b s "
*> December, 1922. * Relative t o eleven m o n t h s

3.4
7.4
7.6

92
121

"505,"405 I,~480,"436"
541,724 1,367,478

37.30
41.17
2.59
2.47
2.00

average, February to December, inclusiv

1.7
11.3

143 li+26.6

1913

131

151

141

113

1913
1913
1913

137
,, 119
1 152

199
202
197

74
41
103

81
64
97

1913

114

117

79

75

81

131
45

91
81
110
248
65

160
120
133
167.
68

. 76.6
• 48.1
-21.2
.32.8
. 5.8
.12.5
. 15.0

97
80
113

1920
1920
1920
1920
1920

120
111
126
2S4
73

1920
1920

107
492

577

95
1,286

93
790

105
672

1913
1913
1913
1913
1913

142
154
149
147
132

145
156
151
149
132

155
167
176
167
166

155
163
176
167
166

155
165
176
168
166

152 II 132
127 I! 105
134
144

117

* Twelve months' average, June, 1919, to May, 1920.

. 19.6
• 25.0
• 16.5

ft

S

• 0.7
. 0.3
. 0.4
0.0

33
TREND OF BUSINESS MOVEMENTS—Continued.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SURVEY or aro 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
last quarterly issue of the SUEVEY ( N O . 30).
In many cases February figures are
now available and may be found in the
special table on page 24.

NUMERICAL

December,
1923.

January,
1924.

DATA.

Corresponding
month,
December,
1922, or
Fanuary,
1923.

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH.

1922-23

INDEX NUMBERS,

Per
cent i
ncrease

1923-24

or decrease
cumulative
1923-24
from
922-23.

BASE
YEAR
OR
ERIOD.

922

I 1924

1923

Jan.

Oct. Nov. Dec. Jan.

Per
cent
increase
(4-)
or decrease
(-)
Jan.
from
Dec.

METALS—Continued.
Iron a n d Steel Products.
Locomotives:
Shipments329
Total
_number_.
305
Domestic...
number..
24
Foreign
___number_.
Unfilled orders387
Total
number..
365
Domestic
number..
22
Foreign
number..
10,600
Freight cars: Orders, domestic
number..
Foundry equipment:
Sales
.
,
dollars.. 418,223
Shipments,—
dollars.. 348,544
Unfilled orders
dollars.. 513,337
Vessel construction:
Completed during m o n t h 38,860
Total
•_
_.gross tons..
19,046
Steel seagoing
gross tons..
Building or under contract, end of mo.—
158
Merchant vessels.__thous. of gross tons..
Structural steel, fabricated:
Sales (prorated)
short tons.. « 208,000
80
Sales
per ct. of capacity.,
66
Shipments......
per ct. of capacity..
1,456
Steel furniture, shipments
thous. of dolls.,

1,141
1,053

151
147
4

229
217
12

376
344
32
9,170

1,788
1,699
89
13,390

419,164
317,931
569,137

453,772
283,978
051,066

2,266,116
2,147,353

10,780
3,719

14,292
4,797

183,230
49,317

93,505

1913
1920
1920

75
197
13

95
245
33

1920
1920
1920
1913

135
190
21
128

52
73
8
,48

2,425,181 + 7.0
2,449,191 + 14.0

1022
1922
1922

164
111
176

97
103
118

130,049 - 2S.7
49,727 + 0.8

1916
1916

1,935 4- 69.0
1,800 - 70.9
135 r 53.4

31,072

-66.8

146

302

1916

187,200
72

189,800
73

1,107,300

1,362

8,122

145
83,270

1,073,800 -

3.0

1913
1913

9,609

18.3

1919

1,059
507,989

665 - 37.2
332,523 - 34.5

1919
1919

545
& 48,744
& 3,035

3,535
318,104
20,028

3,436 - 2.
238,853 - 24.9
19,687 - 1.7

1919

- 16.4
37.2

10S i 49 - 54.2
277 ! 134 - 51.1)
27 !
4 - 83.3
!

29

V,
101
152
130
139

-2.8
-5.8
4-45. .1
- 13.5
+
-

0.2
8.7
10.9

- 72.3
_ SO. 5
20

24

13

12 -

7.6

199
146

147
108

4169

10.0
10-0
4.5
9.3

148

152

150

89

158
87

89

1919
1919
1919

91
86
81

64
109
59
111
61
141

150

100

Machinery.
Stokers:
Sales
.number.
Sales
horsepower.
Agricultural p u m p shipments:
Total
thous. of dolls.
Pitcher, hand, etc
number.
Power pumps
number.
Steam, power, and centrifugal pumps:
New orders
thous. of dolls.
Shipments
thous. of dolls.
Unfilled orders
thous. of dolls.
Patents issued:
Total, all classes
number.
Agricultural implements
number.
Internal-combustion engines
number.

73
32,517

91
66,492

482
37,953
2,560
970
1,362
2,834

1,071
1,081
2,706

1,506
1,112
4,849

9,467
7,882

3,071
46
48

3,380
42
42

3,578
72
77

22,583
325
340

22,015 - 2.5
49
309 410 + 20.6

1913
1913
1913

127
91
179

129,354
76,356
.129

132,817
68,888
.126

112,267
75,617
.146

710,107
418,327

904,999 4- 27.4
493,465 -f 18.0

1913
1913
1913

110
107
93

& 379,008
& 224,313

1,963,321
1,836,466

2,227,007 + 13.4
32.9
2,441,256

NONFERROUS METALS.
Copper and Brass.
Copper: v
Production
thous. of lbs.
Exports
thous. of lbs.
Wholesale price, electrolytic-dolls, per lb.
Brass faucets:
Orders received
number of pieces.
Orders shipped
number of pieces.
bular plumbing
plum
Tubular
sales:
Quantity
Q t i t n u m b e r of pieces,
Value
dollars.

367,458
289,915

540,768
425,776

311,738
378,403

Zinc.
_..thous, of l b s .
Production
Stocks, end of month
„ . . . . t h o u s . of lbs. . . t h o u s . of lbs.
Receipts, St. Louis
. . . t h o u s . of l b s .
Shipments, St. Louis
Price, slab, prime western... ...dolls, per l b .

92,970
75,156
29,418
18,038
:066

99,418
81,394
25,974
17,022
.068

92,634
33,148
11,806
13,556
.073

long tons..
long tons..
long tons..
tbous. of l b s . .
dolls, per l b . .

1,652
21,011
4,810
12,577
.471

2,612
24,372
4,895
12,925
.485

3,354
25,765
6,625
13,165

Lead.
Production
index number..
Receipts, St. Louis
thous. of lbs..
Shipments, St. Louis .
. . . . .thous. of lbs..
Wholesale price, pig, desilverized-dolls, per l b . .

10,727
9,285
.076

12,150
7,451
.083

13,938
6,822
.078

476,546
319,072

7,914
10,814

4- 24.7
4-104.5

m
79

+ 10.4
- 20.fi
- 4.5
120 4- 10.1
53 - 8.7
- 12.5

4- 2.7
- 9.8
- 2.3

-1- 47.2
4- 46.9
4-6.9
4-8.3
- 11.7
-5.6
4- 3.0

1913
1913
1913
1913
1913

148
45
63
59
127

160
41
43
43
125

146
63
57
52
114

153
76
49
43
115

37,385
84,624

1913
1913
1913
1913
1913

192
202 | 208
133 181
174 138
84
88

191
166
151
137
93

56
158
185
119
99

86
170
13:
132

4- 70.2
4- 16.0
4- 1.8
4- 2.8
+ 3.0

109,458
67,450

61,064 - 44.2
57,339 - 15.0

1921
1913
1913
1913

141
252
73
166

141
255
78
171

140
108
101
156

141
141

137
196
106
17:

222 ,4- 13.2
85 - 19.8
188 4- W.2

267,358
7,875

322,921 4- 20.8
11,030 + 40.1

1913
1909-13

117
134

108
126 ! 123
99 ! 136 1 114

127 + 27.5
95 - 3.0

1913

336

354 ; 183

181

181 4 - 2 . 8

531,544

612,734

108,912
121,547

146,207 '+ 34.
120,413 - 0.9

15.3

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

35,700
82,119

FUEL AND POWER.
;
•
Coal and Coke
Bituminous:
50,801
Production
thous. of short tons.. 139,838
1,046
1,078
Exports
thous. of long tons..
Prices—
2.23
2.17
Mine average, spot-dolls, per short ton.
Wholesale, Kanawha, f. o. b .
3.64
3.39
Cincinnati
dolls, per short ton8.71
8.71
Retail, Chicago..dolls. p e r short ton—
h
• R«Yi?ed.
December, 1922.




* 50,178
1,092
4.36

177 j
268
256 I 177
1913
5.64
182 i
225
228 ' 182
1913
10.98
» Figures are incomplete, owing to failure of two or three companies to report.

166
181

7.4
0.0

34
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL
NOTE.—Items marked with an asterisk (*)
havo not been published previously in the
SURVEY or arc 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
last quarterly issue of the SURVEY ( N O . 30).

In many cases February figures are
now available and may be found in the
special table on page 24,

December,
1923.

Corresponding
month,
January, December,
1924.
1922, or
January,
1923.

DATA.

(+)

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH

1922-23

INDEX NUMBERS.

Per
cent
increase i

1923-24

or decrease
(-)
cumulative

BASE
Y E A R I 1922 |
OR
PERIOD.

1923-24
from
11922-23.

1923

1924

Per
cent
increase

(

V

or decrease

j Dec. |Jan.

Oct.

Nov.

from
Dec.

Dec. Jan.

F U E L A N D POWER—Continued.
Coal a n d C o k e - C o n t i n u e d .
n

Production
thous. of short tons..
Stocks, distrib. points.thous. of long tons..
Exports:
thous. of long tons..
PricesWholesale, chestnut
N. Y
dolls, per long ton..
Retail, chestnut
N. Y
dolls, per short ton..
Production, beehive*.thous. of short tons..
Production,
byproduct
.thous. of short tons..
Exports
thous. of long tons..
Price, furnace,.
Connellsville
dolls, per short ton..
Petroleum.*

Crude petroleum:
Production....
thoud. of bbls.
Stocks, end of m o n t h Total (comparable)
thous. of bbls.
Days* supply
.number.
Tank farms and pipe
lines
thous. of bbls.
Refineries
thous. of bbls.,
Imports
thous. of bbls.
Consumption
thous. of bbls.
Shipments from Mexico.... thous. of bbls.
Price, Kansas-Oklahoma..-dolls, per bbl.
Oil wells completed...
number.
Gasoline:
Production.
..thous. of gals.
Exports
thous. of gals.
Domestic consumption
thous. of gals.
Stocks, end of month
thous. of gals.
Price, motor, N. Y.*
dolls, per gal.
Kerosene oil:
Production
thous. of gals.
Stocks
thous. of gals.
Price, 150° water white*
dolls, per gal.
Gas and fuel oil:
Production....
thous. of gals.
Stocks
thous. of gals.,
Price, Pa., 36-40 at rcfin.*...dolls, per galLubricating oil:
Production
„
thous. of gals..
Stocks...
thous. of gals..
Price, Pa., 600° fil., " D "
at refln.*
dolls, per gal..

39,512

52,466 4-32.8

1913 |; 111 ; 114
1921
i 5
4
1909-13 | 133 124

7,974
1,441
329

7,917
1,494
272

8,713
105
356

11.48

11.47

10.62

1913

200

200

14.50

14.50

14.45

1913

209

207

1,718

1,063

1,154

1,477

6,321

2,999
45

3,094
53

3,100
78

18,418
367

4.00

4.03

8.25

56,354

51,941

58,892
3,5
163

335,173
164

268,333
148

a 333,053
0 33,259
8,417
63,230
13,563
1.015
887

331,496
0 33,873
6,303
62,686
9,911
1.244
772

258,059
29,914
7,307
53,902
11,960
1.350
1,208

659,169
623,723
695,323
70,565
58,505
85,946
518,305 498,161
456,967
1,074,900 1,202,547 |1,002,857
.155
.165
.220
234,921
283,196
.22

339,018

57,568
375,296
92,577
10,322

-

42.3

9,054

43,2

21,755 + 18.1
479 + 30.5

442,798 + 30.6

48,146 - 16.4
436,830 + 16.4
83,397 - 9.9
8,282

3,998,314 4,540,711 4329,544
522,374 +
3,511,087 4,197,919 +

212,448
275,437
.22

1,463,568

1,073,337 1,062,892
989,376
1,515,035 11,527,347 1,265,075
.056 1
.057
.061

6,595,859

217,768
314,181
.22

2,444

19.8
13.6
58.5
19.6

105
54
114

104 56 +
94 -

216

216

216

-

209

209

208

0.7
3.7
17.3

0.1
0.0

1913

44

53

46

39

38

8.6

1913
1909-13

289
168

293
107

293
107

278
67

283
62

+ 3.2
+ 17.8

1913

287 i 338

158

156

164

1913

245

i 251 I! 323

313

284

272 -

4.3

+

0.4
0.6

1913
1919

252 ! 256
123, 128

310
136

318
141

321
141

1919
1913
1913
1913
1913
1913

226
483
261
567
134
75

225
460
290
534
133
72

221
410
277
555
112
63

223
567
290
628
109
56

|
I
!
I
j
i

200
492
247
554
145
7G

- 0.5
|+ 1.8
. - 25.1
- 0.9
I 26.9

1+22.6
-

18.0

1919
1919
1919
1919
1913

177
154
152
187
136

I 189
191
1 160
i 212
' 131

200
269
217
200
110

187
175
188
209
101

200
230
181
228
92

+ 5.5
i+ 21.8

2.1

1919
1919
1919

116 i 109
94 ! 92
1 1 0 ! 110

75
105

113
80
110

120
94
110

7,360,453 + 11.6

1919
1919
1919

153 I 156
168 I 163
106 ' 117

168
185
113

166
193
113

168
195
108

| - 7.3
+ 10.9
0.0
- 1.0
+ 0.8
+ 1.8

1919
1919

127 ; 123
146 ; 149

125
135

136
143

139
150

I|

55

58

59

243 I 206
114 106

199
105

208
109

1,432,979 I-

97,748
242,785

04,535
244,756

87,078
240,690

.215

.263

.229

•275,434
"27,720

287,296
28,797

223,819
19,720

34,984
27,608
4,000

* 46,359
0 40,976
1,018

35,228
30,031
728

205,072
214,398
39,962

268,640 + 31.0
271,838 + 28.8
47,741 + 19.5

1920
1920
1920

9,576

11,457

7,732

49,511

66,780 + 34.9

805

1,258

799

6,077

2,654

2,877

3,243

23,855

49,080
37,786
.199

79,764
34,186
.272
& 81,081

439,119
212,531

"4,808
tt
2785

3,127
4.696
2,994

«3,S88
06,720
» 3,476

3,952
5,838
3,749

616,071

102
47
128

114
40
139

644,801 +

4.7

1919

62 ,

63

- 3.9
+ 11.9
+ 6.5

3.3
0.8

+ 22.3

AUTOMOBILES.
Production:
Passenger cars
number.
Trucks
_
number.
Shipments:
By railroads
carloads.
Driveaways
number of machines.
By boat.,.
number of machines.
Internal revenue taxes collected on:
Passenger automobile and
motor cycles
thous. of dolls.
Automobile trucks and
wagons
thous. of dolls.
Automobile accessories
and parts
thous. of dolls.,

1,527,019
150,018

2,093,290
204,883

• 37.1
• 36.6

1919
1919




48

152 |!
37

262

3.9

168
77
15

202
97
163

182
84
137

167
70
85

32.5
48.4
104
J-74.5
22

1920

73 | 111

120

137

137

164

6,768 + H.4

1920

61 i

63

79

62

64

100 + 56.3

21,221 +'11.0

1920

72 S 76
i

85

67

62

8-4

• 30.9
• 16.7

1913
1921
1913
1921

409
135
27
85

19,079 j

16,797 - 1Z0

1921
1921
1921

778
826
191
161
28 ! 34
106 j 107
172
146
111
109
157
154

25,379

23,&41 -

25,480

25,921

1921
1921
1921

| 151
175
: 125 128
! 167 164

1921
1921
1921

218
236
114
106
i 147 133

KUBBEJl.
Crude;
66,597
Imports
thous. of lbs..
24,772
Consumption by tire m f s t h olls. per
f lblb
.203
Stocks, United Kingdom
long tons
66,828
Pneumatic tires:
Production,
,
thousands.,
2,437
btocks, end of month
thousands
4,329
Shipments, domestic
thousands" °2604
Inner tubes;
Production
thousands
3,289
Stocks, end of month
thousands"
6,318
Shipments, domestic
thousands"
3,487
Solid tires;
32
Production
thousands
149
Stocks, end of month
thousands*"
56
Shipments, domestic
thousands""
' Kevised.

151 162
77 i 75

303,252
177,001

-

570

2.6
5.7

+ 1.7

272 - 52.3
""""322" — 29.2

.December, 1922,

130
68
28

361 i 690
129 j 138
25
25
87
87

130 ! 132 134
116 j 111 ! 103
148 I 129 ! 137

177

114
146

33.1
11.1
7.0

146
138
153

172 !+ 18.2
147
0.6
152 !

77 ! 90
77
64
99
127

135 |+ 50.0
66 ' I 2,0
85 I 33.9

171 | 153
151 147
157 149
105 j
102
109 t

508 - 2 6 . 3
!+ 53.5
211 _ 2.0
25

35
TREND OF BUSINESS MOVEMENTS—Continued.
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
last quarterly issue of the SURVEY (NO. 30).

In many cases February figures are
now available and may be found in the
special table on page 24*

NUMERICAL DATA,

Decem- January,
ber,
1024.

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH

Corresponding
month,
December,
1922, or
January,
1923.

/1922-23

INDEX NUMBERS.

Per
cent
increase1

1923-24

j! Per
I cent
! in-

( )

t

or decrease

(-)
cumulative

BASE
YEAR
OR
PERIOD.

1923-24
from
1922-23.

••jcrpsi*«

1923

19*22

1924

ij or d o
,1I crease

i (-)

Dec. Jan.

Oct. Nov. Dec.

Jan.
from
Dec,

Jan.

HIDES AND LEATHER.
Hides.
Imports:
Total hides and skins
..thous. of lbs..
Calfskins
thous. of lbs..
Cattle hides
_
thous. of lbs..
Goatskins
thous. of lbs..
Sheepskins
thous. of lbs..
Stocks, end of month:
Total hides and skins.
thous. of lbs..
Cattle hides
thous. of lbs..
Calf and kip skins.
....thous. of lbs.,
Sheep and lamb skins
thous. of lbs..
Prices:
Green salted, packer *s heavy
native steers
_
dolls, per lb_.
Calfskins, country No. 1
dolls, per lh__
Leather.
Production:
Sole leather...thous. of bks., bends, sides..
Skivers
doz__
Oak and union harness
stuffed sides..
Finished sole and belting....thous. of lbs..
Finished upper
thous. of sq. ft..
Stocks, end of month:
Sole and belting
._
thous. of lbs._
Upper
thous. of sq. ft._
Stocks, in process of tanning:
Sole and belting
thous. of lbs.Upper
thous. of sq.ft..
Exports:
Sole
.——
thous. of lbs..
Upper
thous of sq.ft..
Prices:
Sole, oak, scoured backs,
heavy Boston
dolls, perlb-Chrome calf, " B " grades.dolls. per sq. ft_»

402,030
44,311
240,671
48,344
45,557

213,914
24,418
104,739
39,234
32,947

1909-13
1909-13
1909-13
1909-13
1909-13

140
96

138
67
173
108
178

27,680
2,910
11,966
5,912
4,060

22,486
2,610
10,528
3,291
4,006

50,327
4,596
33,126
8,854
9,397

312,905
255,772
38,632
18,501

302,899
253,454
33,473
15,872

375,099
309,964
42,16-1
22,971

1921
1921
1921
1921

. 136
. 150

.143
.158

,200
.163

1913
1913

111 ! 109
85
86

1,296
36,563
118,515
22,458
71,702

1,373
33,540
129,751
23,814
76,340

1,654
36,416
144,213
28,256
84,021

1919
1919
1919
1921
1921

79
142
110
100
134

10,558
227,713
919,583
177,350
537,662

10,323
263,356
927,666
181,432
519,477

-

46.8
44.9
56.5
18.8
27.7

- 2.2
+ 15.7
+ 0.9
+ 2.3
- 3.4

87 I
91
72
70
74 (
80-

88
157
121
110
145

81
175
123
103
134
93
60

179,364
385,160

172,898
387,500

168,012
392,951

1921
1921

87 | 87
93 ! 93

96,201
149,849

92,907
149,400

106,960
160,941

1921
1921

96
96

90
95

1,148
6,116

1,350
5,429

932
7,021

1913
1913

44
36
72 | 70

42
64

.425
. 440

.440
.440

.525

117

104
163

321
558

437
749

518
928

3,491
6,945

22,676
532

26,398
381

30,744
478

197,689
3,288

6.25

6.25

6.55

7,715
47,271

9,798
40,460

-I- 27.1
- 14.4

1913
1913

117
167

52
38
65
40
76

- 18.6
i - 10.:*
I•- 12.0
i - 44.3
1 - 1.3

70
75
57
48

! - 3.0
- 0.9
I.1- 13.4
! - 14.2

78 ! +
83 1+

73
69
145
158
108
99
93
88
124 \ 132

5.1
5,3

+
+

8.3
9.5

+ 6.1
6,5

89 i - 3.0
92
0.0

93

84
91

52 +
61 -

3.4
0.3
17.6
11.2

95 ! ^S
163 ! 163

3.5
0.0

44 i
69

Leather Products.
Belting sales:
Quantity
thous. of lbs.Value
_,thous. of dolls..
Boots and shoes:
Production
thous, of pairs..
Exports
thous. of pairs.Wholesale pricesMen's black calf,
blucher
..dolls, per pair.Men's dress welt, tan
calf, St. Louis
dolls, per pair.Women's black kid, Goodyear
welt, St. Louis
dolls, per pair..

- 17.1
- 10.5
4.1
J89,564 3,852 + 17.2
2,895
5,318

4.85

4.85
.
4.25

4.85

17,660
88,565

32,467 |i
116,426

166,189 1
753,656!

178,109
662,307

+ 7.2

128,772
123,253
107,594
1,682
28,417

127,452 11
123,656 I

884,998 |
885,363 I
650,294
11,912

856,936
845,884
775,057
9,181

+
-

456
178

551 ij
81 j

4.25

4.25

1919
1919

+ 36.1
+ 34.2

73

45 i

63 I

1919
1913

101
63

111
57

1913

204

210

1913

153

153

1913

142

142

45

+ 16.4
- 28.4

201

201 i 201

0.0

153

153 | 153

0.0

142

J42 i

0.0

142 I

PAPER AND PRINTING.
Wood-pulp Imports.
Mechanical „

short tons..

35,429

Chemical

short tons..

97,533

Newsprint Paper.
Production.
short
Shipments.."
".
"
short
Imports
I
....short
Exports
short
Stocks, end of month, at millsl<}
short

tons-.! 117,790
tons..! 116,826
tons..! 115,503
tons.-;
1,890
tons..: 23,669

1,064
23,004

- 12.1

3.2
4.5
19.2
22.9

1909-13
1909-13

185 j 197 , 160
607 | 456 I 358

215 j 107 - 50.2
382 : 347 | - 0. 2

1919
1919
1913
1913
1919

104 ji 111 107
104
108 109
538 i 584 625
31
57!
92
80!

103
102
630
52
99

1913
1913

113
73

1922
1922
1922

125
129
117

112 +
107 ! 587i 47 119

5.5
6.8
11.0
20.1

Printing.
Rook publication:
American manufacture
Imported

editions..
editions..

6S4
ISt

Paper Boxes.
Production:
Total-,
. thous. of sq.ft.- : 250,022
Corrugated
thous. of sq. ft..: 204,232
Solid
fiber
thous. of sq. ft.., 51,790
Operating activity:
•
Total
..percent of normal—j
68
Corrugated
..percent of normal-.
68
Solid
fiber
per cent of normal. 06
Price index numbers:
Finished b o a r d Corrugated
index number..,-.
Solid fiber
..index number..!
,—
Haw materials—
85 test liners
...index number..:
Chip
index number.,
Straw
index number..;




6

N o quotation.

295,168
211,686
83,482

4,546
912

313,045 i 2,026,221
217J649
1,380,432
95,396 1! 645,789

68
85
72

4,143

1,980,699 ! - 2.2
1,453,097 !+ 5.3
527,602 I - 18.3

68 i;
39 j!

88
58

- 21.9
- 3.3

72 |
SO !

+ 15.3
138 j 138 12G I 113 ; 130
137 ! 142+ 3.6
146 I1 153 139
123 ! 107 101
07 ! 108+ 61.2
0.0
+ 25.0
+ 9.1

88

1922
1922

....

113
112

111 ii 104 103
118 '\ 109 103

tj
i H •:: 109
130 i{ 115
125 i, 105
ii
iiio See t a b l e on p. 55 showing complete d a t a for 420 publishers,

1922
1922
1922

114
121
128

100 i

no
i
105 i

106 !
102 . 100 . 105 :
97 i
119 !

7.5
2.0

- 5.7
+ 2.1
95

- 20.11

36
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
last quarterly issue of the SURVEY (NO. 30).
In many cases February figures are
now available and may be found in the
special table on page 24,

December,
1923.

January,
1924.

Corresponding
month,
December,
1922, or
January,
1923.

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH.

1922-23

INDEX NUMBERS.

Per !
cent
increase

1923-24

<•#

or decrease
(-)
cumulative

BASE
YEAR
OE
PERIOD.

1923-24
from
1922-23.

1923

1922

1924

Per
cent
increase
(

t>

or deTease
Jan.
from
Dec.

Dec.

Jan.

1921
1921
3 1922

143
190
111

121
223
91

142
121
118

134 + 1.5
191 + 30.8

1919
1919

136
139

114
115

132 + 49.1
91 - 8.9

83 115 -

Oct. Nov. Dec. Jan.

PAPER AND PRINTING—Continued.
Other P a p e r P r o d u c t s .
Folding boxes, orders
per cent of capacity..
Labels, orders
per cent of capacity..
Hope paper sacks, shipments..index number.
Abrasive paper and cloth:
Domestic sales
____reams
Foreign sales
reams

63.2
76.0

64.2
108.2

58.0
98.7

GO, 353
9,200

89,961
8,384

92,815
8,956

39.3
14,516

38.4
14,495

51.0
13,508

1922
1922

102
104

111
108

99
113

99
115

42.4
51.7
45.5

41.2
51.5
40.3

49.1
51.5
•52.3

« 1921
" 1921
ii 1921

135
156
165

134
142
146

140
157
146

144
159
164

116
143
127

112 - 3.4
142 - 0.7
113 - 11.0

1913
1919

327
64

334
70

478
95

413

368
90

435 + 18.2
91

1913
1913

195
199

198
201

203
206

2G1
207

204
207

204
207

1913

192

197 | 221

217

218

220 + 0.9

1914
1913

192

202
197
180 I 1S7

199
184

199
184

200 + 0.0
183 - 5.5

547,634
75,443

543,295 - 0 . 8
76,132 + 0.9

BUTTONS.
Fresh-water pearl buttons:
Production
-..per ct. of capacity..
Stocks, end of month
thous. of gross..

2.4
0.9

GLASS AND OPTICAL GOODS.
Illuminating glassware:*
Net orders
_
per ct. of capacityActual production
per ct. of capacityShipments billed
per ct. of capacitySpectacle frames and mountings:
Sales (shipments)
index number-.
Unfilled orders (value)
index number..
BUILDING CONSTRUCTION.
Building Costs.
Building materials:
Frame house, 6-rooinfi
index number.,
Brick house, 6-room&
index number..
Building
costs
(Eng.
News
Ree.) 5 ~
index number..
Concrete5 factory costs (Aberthaw)
.index number..
Plumbing fixtures, 6 articles.-.index numberConstruction a n d Losses.
Building volume
index numDer.
Contracts awarded (27 States):
Business buildings.,.
thous. of sq. ft.
Industrial buildings
thous. of sq. ftResidential buildings
thous. of sq. ft.
Educational buildings
thous. of sq. ft.
Other public13 and semipublic
buildings
thous. of sq. ft.
Grand total
thous. of sq. ft.
Contracts awarded, value (27 States):
Business buildings...
thous. of dolls..
Industrial buildings
..thous. of dolls..
Residential buildings
thous. of dolls..
Educational buildings
thous. of dolls..
Other public and semipublic
buildings "
thous. of dolls..
Grand total.
thous. of dolls..
Southern construct.(16 States).thous. of dolls..
Fire losses:
United States and Canada.thous. of dolls..
Lumber.
Southern pine:
Production (computed)
M ft. b. m -

|

Federal Reserve Bank of St. Louis

1913

.111

126

127

125

101

130 + 28.7
!!+
'I

10.4
34.0
13.7
26.8

7,428
4,591
30,501
3,464

6,650
3,029
34,693
2,571

5,870
4,410
24,586
2,153

50,527
44,970
175,272
25,779

48,869
28,415
203,650
23,251

- 3.3
- 36.8
+ 16.2
-9.8

1919
1919
1919
1919

62
33
124
122

64
35
122
112

82
30
174
204

75
44
164
134

80
36
151
181

72
24
172
134

1,863
47,845

2,213
49,867

1,889
38,947

24,220
321,301

19,619 - 19.0
324,717 + 1.1

1919
1919

59
83

84
83

169
116

123
111

83
102

98 + 18.8
107 + 4.3

38,922
23,124
136,561
25,468

34,068
19,723
158,521
15,927
14,899
261,320

30,975
21,944
111,730
13,906

246,867
223,766
776,376
152,611

234,857
191,0C6
927,368
147,049

- 4.9
- 14.6
+ 19.4
- 3.6

1919
1919
1919
1919

77
45
170
143

92
51
158
140

91
72
222
220

88
100
209
218

115
54
193
256

101 - 1Z5
46
224
160

12,730
217,333
& 35,822

172,942
1,873,630
297,139

136,268 - 21.2
1,919,215 + 2.4
263,475 - 11.3

1919
1919
1921

72
100
130

101
125

172
149
132

123
135
190

90
125
173

103
122

36,615

254,645

13,077
267,916
47,545
25,337

41,244

376,603
452,214
462,571 3,119,625
' '
•
383,525 497,038
543,218 3,088,918
Ord
,.
485,566
541,282
622,750 3,219,567
Stocks, end of mo.(computed).M ft. b . m . . 1,110,704 1,068,919 11,146,677
Exports
M ft. b. m_.
78,996
55,324
71,130
P r i c e , " B " and
better
dolls, per M ft, b . m._
42.21
44.28
50.78
Douglas fir:
Production (computed)
M ft. b. m._ 476,483
470,766
424,242 3,175,083
Shipments (computed)
M ft. b. m__ 425,585
503,701 2,919,463
473,990
Exports, lumber
M ft. b. m . .
59,007
31,991
111,340
259,699
Exports, timber
M ft. b. m_99,343
17,349
86,849
92,814
Price,No.l common.dolls, per M ft. b. m_.
17.50
19.50
19.50
Califomia redwood:
Production (computed)
M ft. b. m _
39,785
38,673
37,004
346,509
Shipments (computed)
M ft. b. m_.
31,522
36,997
42,799
320,194
Orders received (computed) _..M ft. b. m . ,
29,192
40,773
67,422
365,874
California white pine:
Production
M ft. b. m_.
54,915
16,576
28,097
614,612
Shipments
M ft. b. m__
56,302
52,381
53,102
400,073
Stocks
j
M ft. b. m . . 640,991 470,725
432,247
Michigan softwood:
Production
M ft. b. m_.
5,908
4,474
7,243
56,812
Shipments
M ft. b. m . .
5,988
3,896
6,537
59,666
Stocks, end of month
M ft. b. m .
47,005
40,127
46,418
Michigan hardwood:
Production
M ft. b. m_.
18,928
12,636
18,129
95,108
Shipments
M ft. b. m_.
12,562
9,287
17,200
105,324
Stocks, end of month
M ft. b. m...
85,119
69,065
107,124
t> December, 1922.
* Twelve months' average, July to June, inclusive, ending the year indicated.
• As of first of following month.

" Twelve months' average, May to April, inclusive.
http://fraser.stlouisfed.org/
" Includes hospitals, public buildings, social, religious, and memorial buildings formerly
Shi]

0.0
0.0

208,385 -

18.2

1919

212

163

140

133

113

184

62.8

3,153,086
3,125,174
3,213,565 -

1.1
1.2
0.2
12.5

95
102
103
89
112

109
123
139
84
140

115
111
105
79
102

109
97
97
81
109

89
87
109
81
155

107
112
121
78
109

,+ 20.1
+ 29.6
'+ 11.5

434,865

1917
1917
1917
1917
1919
1913

216

220

192

.184

183

192

3,602,567
3,415,708
388,734
411,359

+ 13.5
+ 17.0
+ 49.7
+343.2

1917
1917
1919
1922
1913

104
123
145
74
212

122
156
127
121
212

160
161
175
214
201

160
154
181
413
201

136
132
235
691
190

135
147
444
604
212

365,702
5.5
305,824 - 4 . 5
271,495 - 2 5 . 8

1918
191S
1918

84
188
179

99
150
235

146
132
135

185
182
145

100
110
102

103 - 2.8
130 + 17.4
142 !+ 39-7

760,345 + 23.7
450,098 + 12.5

1918
1918
1918

87
174
180

53
166
163

275
225
247

181
191
237

104
176
242

32
164
178

- 69.8
- 7.0
-26.6

59,821 + 5.3
46,429 - 2 2 . 2

1917
1917
1017

35
57
43

42
37
44

56
35
47

29
39
44

34
34
44

26
22
38

- 24-3
-34.9
-14.6

1917
1917
1917

65
52
55
59
49 | 48

54
49
41

49
50
38

68
40
38

46 - 3 3 . 3
30 - 2 6 . 1
31 - 1 8 . 9

i

102,143 +
94,309 • -

7.4
10.5

shown separately in the Survey of Current Business.

I 3.8
- 30.0
+
+
I
+

1.2
11.4
88.7
12.6
11.4

37
TREND OF BUSINESS MOVEMENTS—Continued.
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
last quarterly issue of the SURVEY ( N O . 30).

NUMERICAL DATA.

December,

In many cases February figures are
now available and may be found in the
special table on page 24*

January,
1924.

Corresponding
month,
December,
1922, or
January,
1923.

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH.

.1922-28

1928-24

INDEX NUMBERS.

Per
cent
increase
( )

t

or decrease

(-)
cumulative

BASE
TEAR
OR
PERIOD.

1923-24
from
1922-23.

1922

1923

Dec. Jan.

Ter
cent
increase
1924 (+ }
,
or decrease
Jan.
from
Dec.

Oct. Nov. Dec. Jan.

BUILDING CONSTRUCTION-Contd.
Lumber—C ontinued.
Western pine:
Production (computed)
M ft. b. m.
91,771
70,536
04,093
936,581 1,008,307 +
Shipments (computed)_
_M ft. b. m.
111,681 126,703
128,711
914,522
862,812 Stocks, end of mo.(computed).M ft. b. m. '1,049,816 975,723
830,534
North Carolina pine:
Production (computed).
M ft. b. m.
42,455
47, 530
364,371
40,950
343,469 Shipments (computed)
_..M ft. b. m..
44,415
50,680
43,120
326,620 Northern pine:
Lumber—
Production
_
M ft. b. m_
28,207
37,552
306,945
34,736
347,365 +
Shipments
M ft. b m
33,265
41,720
376,464
49,728
308,753 LathProduction
M ft b. m .
6,928
8,979
9,025
87,847
80,978 Shipments
_
M ft. b. m
5,736
9,106
8,759
92,606
79,757 Northern hemlock:
Production
_
M ft. b. m.
18,710
10,528
26,614
168,265
167,605 Shipments
^
M ft. b. m.
18,249
17,951
21,535
190,893
165,141 Northern hardwood:
Production _____
Mft. b. m_
32,310
180,338
43,525
42,003
221,237 +
40,087
Shipments..
M ft. b. m_
28,319
275,819
37, 771
267,473 Walnut lumber:
2,730
Production
____M ft. b. m_
12,029
2,561
2,245
18,077 +
2,060
Shipments.
-____M ft. b. m.
15,184
3,088
2,472
16,174 +
9,143
Stocks
_
_M ft. b. m_
8,646
8,529
Walnut logs:
2,579
Purchases
M ft. log measure.
2,308
10,790
2,454
16,139 +
Made into lumber and
2,033
veneer
M ft. log measure.
10,117
2,122
1,986
15,037 +
4,426
Stocks
M ft. log measure.
1,957
3,634
All lumber:
-Production, 10 species
M ft. b. m . 2,051,504 2,225,083 2,231,014 16,453,063 17,345,841 +
Exports, planks, joists,"etc
M ft. b. m.
171,642 218, £57
817,298 1,108,781 +
130,772
Retail sales, Minneapolis
M ft. b. m.
5,743
4,959
6,014
5
Composite lumber prices:
43.51
Hardwoods
dolls, per M ft. b. m.
43.71
45.54
31.58
Softwoods
.dolls, per M ft. b. m_
34.36
32.80

7.7
5.7

1917
1917
1920

5.7
16.1

1919
1919

13.2
18.0
1.0
13.9
0.4
13.5

1920
1920

117
94
120
134

151
129
120

131
109
123

05 - 23.1
115 + 13.5
111 - 7.1

149
150

153
165

139 + 12.0
157 + 14.1

48
83

80
99

119
101

1920
1920

45
90

94
135

127
240

54
113

1913
1913

53
56

71
59

66
72

40

22.7
3.0

1913
1913

107
145

148
149

99
175

90
168

114
158

44
49
154
112

50.3
6.5

1922
1922
1922

100
107
84

124
128
84

143
123
80

167
136
83

151
107
90

142 - C.2
160 j+ 49.9
4.9
85 ||- 5.4

49.6

^1922

127

168

157

179

177

158 j - 10.5

49.1

1922
1922

110
90

150
94

168
165

176
187

157
212

1C0 +

102
73
32

123
72
82

112
82
67

93
96
31

101 1+ 8.5
123 + 27.3
20 - 13.7

115
71

106
G3

105
64

101
63

105 + 0.5
64 + 3.9

5.4
35.7

1913
1909-13
1919
1921
1920

109
69

262,160 + 9.8

1920
1920

41

70 . 93 I + 33.1
60
83 }4- 25.4
72
90
50
50

94 j|+ 29.6
143 |j+ 58.8
|- 11.7
|j- l.ft
ji+ 34.7
ii- 29.4

1.0

174 I - 1 7 . 9

Wooden F u r n i t u r e .
Shipments
Unfilled orders

dolls., average per firm.
dolls., average per firm.

Flooring.
Oak flooring:
Production.
_
_
M ft.
Shipments..
M ft.
Orders booked
M ft.
Stocks, end of month
M ft
Unfilled orders, end of month.M ft.
Maple flooring: •
Production
__
_M ft.
Shipments
M ft.
Orders booked
_
M ft.
Stocks, end of month....
M ft.
Unfilled orders, end of month.M ft.

a31,631
<* 32,759

30,596
52,964

34,282
68,575

238,783

-3.3
+ 61.7

116
42

b. m_.
b. m_.
b. m_.
b. m_.
b. m_.

26,032
27,435
37,851
41,140
47,700

30,136
31,080
42,141
'38,595.
56,654

27,473
24,162
30,137
25,447
50,398

179,785
181,258
176,629

207,553 -f 15.4
201,313 + 11.1
221,607 + 25.5

1913
1913
1913
1913
1913

352
408
392
236
564

412
402
491
283

438
518
501
429
481

459
477
494
461
520

390
459
620
45?
658

451
517
G90
428
780

+
+
+
+

b. m_.
b. m_.
b. m..
b. m_.
b. m_.

11,633
8,876
10,381
24,239
15,375

10,225
8,109
14,736
21,831
18,655

13,929
13,269
24,481
25,023

89t773
90,947
97,118

79,442 - 11.5
70, 604 - 22.4
64,970 - 33,1

1&19
1919
1919
1919
1919

136
10S
102
163
58

139
112
173
162
94

123
98
66
129
39

118
83
64
143
40

116
75
73
157
40

102
68
10.
141
49

- 12.1
- 8.6
+ 42.0
- 9.9
+ 21.3

46,873
48,131
183,009
47,188
59,142

56,310
54,108
198,345
66,063
69,838

64,804
57,569
163,977
64,883
75,421

378,916
373,412

397,083 i+ 4.8
375,377 + 0.5

388,826

352,649 -

1919
1919
1919
1919
1919

106
108
112
99
72

128
114
118
126
80

121
111
129
93
69

107
97
133
87
64

92
95
132
92
63

111
117
143
128
74

+ 20.1
+ 12.4
:+ 8.4
+ 40.0

,5,980
8,492
41,259

13,407
15,400
42,296

14,308
14,281
46,174

91,446
85,330

1919
1919
1919

97
78
108

102
102
111

86
80
102

69
61
105

43
61
99

101

,+ 2.5

20,939
56,436
25,641
12,650

17,366
61,575
33,592
11,231

20,149
64,877
41,087
19,087

167,456

159,827 -

146,323

131,903 — 9.9

1919
1919
1919
i«i920

149
182
96
110

129
191
149
137

165
194
116
162

138
200
105
128

134
229
93
91

111
250
122
80

- 17.1
+ 9.1
+ 31.0
;— 11.2

23,592
a 52
12,979
86,930
13, 671
2,179
60,624

19,664
37
9,491
91,737
6,834
1,164
51,419

19.00
8.76

20.00

1913
1913

266
177

305
178

290
182

274
174

290
177

305

15.8
13.3
11.3
0.2
18.6

Brick.
Clay fire brick (computed):
Production....
_
thousands..
Shipments. _
thousands..
Stocks, end of month
thousands..
New orders
thousands..
Unfilled orders.
thousands..
omca brick (computed):
Production..
_.__„
...thousands..
Shipments
_
_. .thousands..
Stocks, end of month
..thousands..
Face brick (32 identical plants):
Production... 1S
.thousands..
Stocks on yards
thousands..
Unfilled orders
thousands..
Shipments
thousands..
Paving brick:
ProductionActual.
thousands..
Relation to capacity
.per cent..
Shipments
thousandsStocks, end of month
thousands..
Orders, received.
thousands..
Cancellations
thousands..
t Unfilled orders, end of month._thousands-_
Pnces, common brick:
Wholesale,red,NewYork_dolls. per thous..
At plant, salmon, Chicago.dolls. per thous..]

20.00
&8.75

78,040
80,332

9.3

- 14.7
- 5.9
4.6

+ 18.1

95 +124.2
110 !+ 81.3

5.3

0

Revised.
* December, 1922.
" Represent stocksT/finished brick on yards and does not include formed brick in kilns as reported prior to September, 1923.
to data prior to September, 1923
14
Ten months' average, March to December, inclusiva



Current data therefore are not comparable

38
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
last quarterly issue of the SURVEY (NO. 30).
In many caae* February figure* are
now available and may be found in the
special table on page 24.

December,
1923.

Corresponding
month,
January, December,
1924.
1922, or
January,
1923.

CUMULATIVE TOTAL
PROM JULY 1
THROUGH LATEST
MONTH.

1922-28

INDEX NUMBERS.

Per
cent
[increase!

1928-24

or decrease
(-)
cumulative
1923-24
from
1922-23.

Per
cent
inBASE
YEAH
OR
PEEIOD.

1923

1922!

1924
or decrease

j
Dec. 1 Jan.
I

Oct. Nov. Dec.

Jan.

Jan.
from
Dec.

BUILDING CONSTBUCTION-Contd.

Cement.
Production
thous. ofbbls_.|
Shipments
thous. of bbls_.
Stocks.end of month
thous. of bbls..
Price, Portland:
Chicago district
dolls, per bbU,
Lehigh Valley
dolls, per bbL,
Concrete paving contracts:
Total
thous. of sq. yds..
Roads
....thous. of sq. yds.

74,942
74,162

83,434 + 11.3
78,535

9,997
6,408
10,575

8,788
5,210
14,153

7,990
5,628
11,477

1.65
1.75

1.72
1.75

1.60
1.90

4,713
3,650

4,013
2,613

2,956
2,140

36,539
25,040

43,583 |+ 19.3
27,026 + 7.9

6 1,960

16,322

15,573 -

1+ &«

1913
1913
1913

113
66
81

104
76
102

174
193
41

164
139
62

130
87
94

115 - 12.1
70 - 18.7
126 + 33.8

1913
1913

171
214

158
214

173
214

166
200

163
197

170 + 4.2
0.0
197

106
103

90 - 14.0
76 - 26.4

1919
1919

84 j

66 ji 168

90

62 ! 122

120
96

1919

94

Roofing.
Prepared roofing:
Shipments
thous. of Toof squaresRoofing felt:
Production, dry felt
tons.
StocksTotal
tons.
Dry felt
tons.
Receipts:
Rags
tonsPaper
tons*
Miscellaneous
tons-

92

145

124

98

14,885

14,662

14,362

Jan. f23

100

125

112

104

102 - 1.*

10,697
2,075

12,385
1,982

12,972
2,950

Jan. '23
Jan. '23

100
100

86
57

77
54

82
70

95 + 15.8
67 - 4.6

17,056
4,890
799

16,438
6,602
1,053

15,034
6,650
1,187

Jan. '23
Jan. '23
Jan. '23

100
100
100

114
94
81

106
87
71

113
74
67

109 - 3.6
35.0
99
31.8
89

numbernumbernumber-

79,909
36,165
93,614

84,684
46,570
107,494

85,703
40,530
133,198

543,585
656,751

5947748 - 19.4

numbernumbernumber-

108,569
71,835
113,022

117,011
90,272
125,273

91,116
60,535
170,693

626,814

803,553 + 28.2

numbernumbernumber-

114,560
79,894
129,620

126,088
90,003
145,977

116,539
59,580
195,984

number.
_..number.
number.

62,332
46,327
58,860

62,640
57,333
76,800

53,255
57,616
93,427

numbernumber.

194,004
681,446

211,674
704,194

248,627
829,235

2,043

4.6

S a n i t a r y TVare.
Baths, enamel:
Orders shipped
Stocks
Orders received
La vatories, enamel:
Orders shipped
Stocks
Orders received
Sinks, enamel:
Orders shipped
Stocks
Orders received
Miscellaneous, enamel:
Orders shipped
,
Stocks
Orders received.
Unfilled orders:
Baths
Small ware

- 6.0
• 28.8
• 14.8

1919
1919
1919

229
82
137

248
96
191

310
70
146

252
83
118

231
86
134

245
110
154

1919
1919
1919

200
43
169

199
43
232

309
31
172

253
42
140

237
51
154

256 + 7.8
65 + 25.7
170 + 10.8

1919
1919
1919

189
52
151

214
47
223

248
42
156

202
49
130

210
64
147

10.1
231
72 + 12.7
166 + 13. fl

1919
1919
1919

167
70
156

188
72
223

228
62
145

207
54
149

220
58
140

221
72 + 23.8
183 +30.5

1921

497
495

609
642

465

1*1923

452
543

475
527

510
545

90,707 + 3.0
76,924 - 29.9

1922
1922
1922

154
144
43

151
119

124
92
52

111
103
54

113
89
52

128 + 13.6
66 -25.7
24.5
65

4,760,369 4,635,191 - 2.6
5,736,016 4.539,752 j - 20-9

1922
1922
1922

156
141
73

157
136
73

117
115
104

133
140
99

110
119
04

124 + 13.0
101 -14.7
+ 1.0

1922
1922

153
90

153

115
87

128
87

105
89

123

71
105

110
253

106
132

69
71

115
203

123 + 6.4
369 + 81.4

606,594 + 11.6

806,973

725,883

0.0

687,164

801,000

16.6

910,799

790,622

13.2

316,960

410,994

29.3

"449," 213
lfi

0.1
3.3

CHEMICALS.
Acetate of lime:
Production
thous. of lbs.
11,814
13,420
15,721
Shipments or use
thous. of lbs.
12,144
9,022
16,261
Stocks, end of month
thous. of lbs.
18,800
23,402
14,143
Methanol:
Production
gallons.. 624,433 705,747
893,418
Shipments or use
gallons.- 753,166 , 642,812
866,339
Stocks, end of month
gallons. . , 592,298{2,632,633 2,000,039
Wood at chemical plants:
Consumption (carbonized) _ -.
cords.. 67,669
78,892
98,470
Stocks, end of month
cords.. 837,783 786,174
813,499
Imports:
I
Potash
long tons..
24,322
25,878
23,221
Nitrate of soda
.long tons..
159,275
109,064
87,780
Eiports:
Sulphuric acid....
thous. of lbs..
570
956
414
Dyes and dyestufls
thous. of dolls..
529
400
51,408
Total fertilizer
long tons..
85,200
68,668
Price index numbers:
Crude drugs
index number.
Essential oils
index number.
Drugs and
Pharmaceuticals
index number.
Chemicals
weighted index number.
Price, sulphuric acid 66° N. Y..index number.

88,081
109,773

545,355

522,026 -

139,309
453,98S

140,779 + 1.1
500,675 + 10.3

1909-13
1909-13

4,449
3,107
"506,858

5,045 + 13.4
3,656 + 17.7
630,698 + 34.4

59
87
1909-13
87 I 156 58
1900-13 1,772 |l,383 1,849 1,653 1,430
50
1009-13
64 j 66
82
62

4.3

+ J8.3
+ 27.8
+ W.7

204 j 208 206
135
123 124

206
130

305
144

206 - 7.3
H I - 2.1

158
165
75

155
165
75

140
105
75

150
164 Z o.fl
75

218
163 • 68
144 i 125 119

174
126

184
162

71 - 61.5
134 - 1 7 . 4

199 ! 122 206
1919-20
174 I 169 147
1919-20
Eight months' average, M a y to December, inclusive.

190
158

213
173

111 - 4 7 . 9
153 - 11.4

f
14
Aug., '14
f
14
1913
1913

137
164
70

135
173
70

ao

NAVAL STORES.
Tuirpentine (3 principal ports):
Net receipts
Stocks
Rosin (3 principal ports):
Net receipts
Stocks




barrels..
barrels..

b

37,986
60,318

10,788
41,545

10,326
38,758

184,646

218,564 + 18.4

barrels..) 119,011
barrels..1 346.220
December, 1922.

61,971
306,606

67,967
338,957

669,158

782,224 + 16.9

11

1919-20
1919-20

*TREND OF BUSINESS MOVEMENTS—Continued.
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
last quarterly issue of the SURVEY (NO. 30).

NUMERICAL DATA.

December,

In many cases February figures are
now available and may be found in the
special table on page 24,

Corresponding
month,
January, Decem1924.
ber.
1922, or
January,
1923.

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH.

1922-28

INDEX NUMBERS.

Per
cent
increase

1923-24

Pur
cont
Increase

{

V

or decrease
<-)
cumulative
1923-24
from
1922-23.

BASE
YEAR
OR
PERIOD.

1922

(+)

1923

or decrease
Jan.
from
Dec

Dec. Jan.

Oct.

32
295

13
164

25
211

- 35.0

1913
1913

42
293
174
168

168
174

186
179

157
106

+ 10.4
+ 20.7

1919

154

103

143

144

- 21.8

6.5

1919
1919
1913

114
126
134

96
132
149

146
116
151

- 3.2
- 5.4
0.0

Dec. Jan.

FATS AND OILS.
Total vegetable oils:
Exports
thous. of l b s . .
Imports
-.
thous. of l b s . .
Oleomargarine:
Production*._.
..thous. of l b s . .
Consumption
thous. of l b s . .
Cottonseed.
Cottonseed stocks
_
tons..
Cottonseed oil:
Stocks
.thous. of l b s . .
Production
thous. of lbs._
Price, New York
.....dolls, per lb__
Flax seed.
Receipts:
Minneapolis..
thous. of bushs..
Duluth
_„_
thous. of bushs..
Shipments:
Minneapolis
thous. of bushs..
Duluth
thous. of bushs,.
Stocks:
Minneapolis
thous. of bushs..,
Duluth
j . . . t h o u s . of bushs.J
Linseed oil:
Shipments from Minneapolis.thous. of lbs..!
Linseed-oil cake:
Shipments from Minneapolis.thous. of lbsFOODSTUFFS.
Wheat.
Exports, including flour
thous. of bushs..
Visible supply
thous. of bushs..
Receipts, principal markets- thous. of busns-.
Shipments, prin. markets.
thous. of busbs..
Wheat flour:
Production
_ thous. of bbls_.
Consumption *
..thous. of bbls,.
Stocks
..thous. of bbls..
Prices:
No. 1, northern, Chicago...dolls, per bush.,
No. 2, red winter, Chicago .dolls, per bush..
Flour, standard patents,
Minneapolis
„
.dolls, per bbl_.
Flour, winter straights,
Kansas City
.dolls, per bbl..
Corn.
Efforts, including meal
thous. of bushs.
Visible s u p p l y . . . . . . . . .
thous. of bushs.
Receipts, principal markets... thous. of bushs.
Shipments, prin. markets
.thous. of bushs.
gnndings (starch, glucose)... thous. of bushs.
Prices, contract grades,
No. 2, Chicago
.,
dolls, per bush.

7,386
45,115

4,735
79,742

9,218
63,112

49,690

19,028
19,748

22,148
23,841

20,378
20,633

117,965
119,425

738,761 | 577,693

«527,777

29,407 - 40.7
318,202 - 6.3
135,211 - 14.6
138,477 + 16.0

1913
1913

140,863
128,122
.110

136,348
121,148
.110

817
608

403
159

469
136

3,933
3,364

8,358 +112.5
6,343 + 88.6

1913
1913

196
235

156
900

137
199

123
365

919
3,146

1,360 + 48.0
4,285 + 36.2

1913
1913

253
143

478
417

410
304

12
70

1913
1913

215
64

329
23

205
15

103

101

95,787
143,944
767,012
• .108

716,786 -

15,297

13,754

10,051

65,290

90,435 + 38.5

1913

110

24,475

24,652

17,371

94,251

144,749 -h 53.6

1913

80

12,991
198.746
28,404
16,515

12,201
194,6.16
15,875
11,200

12,519
140,760
37,615
18,936

161,5(H

111,207

- 31.1

331,652
201,131

266,392
134,130

19.7
33.3

1913
1913
1919
1919

266
144
122

10,778
10,771
7,100

10,360
8,659
7,100

10,137
9,314
7,400

83,315
72,607

79,642
69,591

4.4
4.2

1914
1919
1919

1.112
1.083

1.133
1.106

1.199
1.258

1913
1913

6.100

6.195

6.630

1913

148

1913

152

1913
1913
1919
1919
1913

117
217
250
158
109

5.130

5.250

5.569

2,183
7,035
36,658
18,521
5,668

3,106
10,513
30,600
19,648
6,758

7,388
22,133
37,558
22,521
5,530

.730

.754

.711

16,208
17,539
'639

22,635
30,861
497

66,855
217,077
140,843
40,275

10,636 - 84-1
23.8
33.6
2.0

165,387
93,472
39,473

133
148

-

100
82

50.7
73.8
12.2
77.9
14.2
27.1
10.1

81

0.7

109
387
90

-fi.1
- Z l
- 411
- 32.2

105
274
119
95

157
303
129
95

114
135

104
114
78

129
133
90

111
132
75

- 3.9
- 19. n
0.0

140
134

131
128

131
111

122
110

+ 1.9
+ 2.1

145

135

133

145

140

133

+ 1.6
+ 2.3

175
263
250
255
132

16
13
110
98
153

52
84
'244
209
135

+ 42.3
- 49.4
- 16.5

1913

117

114

162

117

+

1913
1913
1913

101
186
30

109
177
16

139
118
38

97
114
37

- 19.5
- 12.0
- 43. 2

1913

122

117

117

120

+ 5.6

102
361
118

+ 6.1
+ 19.2
4.0

Other Grains.

A 4

Oats:
Receipts, principal
20,134
markets
thous. of bushs..
19,940
Visible supply
thous. of bushs..
1,125
Exports, including meal..thous. of bushs..
Prices, contract grades,
.449
Chicago
.dolls, per bush..
Barley:
Receipts, principal
5,830
markets....
thous. of bushs..
382
Exports...._..„..
thous. of bushs.Pncej fair to good, malting,
.685
Chicago
dolls, per bush..
R
Receipts, principal
markets
thous. of bushs..
2,036
1,200
Exports, including flour, .thous. of bushs..
.701
Price, No. 2, Chicago
dolls, per bush..
Total Grains.
I
Total grain exports, incl. flour.thous. of bushs.,! 17,881
<^ar loadings of grain and grain products, .cars. _ j 44,951
A r g e n t I u e
Exports:
Wheat
flour....
wheat
Corn
_
Oats_________
v .ffa^seed
Visible supply:
What
w —
Flaxseed
17

.474

155,341

154,215 -

"~26,"276

7,014

0.7

- 65.4

.441
28,187
14,202

2,916
299

3,776
661

.705

.649

1,807
821
.725

7,176
3,455
,872

57,492
33,540

17,066
45,093

24,520
47,222

296,377

113

557
58,362
84,673
11,451
26,784

33, f>64

7,811

+ 19.1
- 45.0

1913

- 50.0
- 21.7

67

1913
1913
110

101

108

105

110

113 + 2.9

62,7
66.4

1913
1913
1913

550 555
2,442 12,229
140 137

265
352
113

273
633
111

157
774
110

140 - 11.2
530 - 31.6
114 + 3.4

147,925 - 50.1

1913
1919

118

130 I 121

108
127

75
86
128 115

82 - 4.6
116 + 0.3

+ 7.4

1913
1913
1913
1913
1913

35
66
107
7
45

97
140
80
141
241

73
63
43
43

82
49
38
51
24

59
27
40
28
36

1913
1913
1914

129
114
330

172
143
46
114
275 1165

114
92
110

157
57

21,450
11, 257

129

G r a I n

'
thous. of bbls..
thous. of bushs..
thous. of bushs..
.thous. of bushs..
thous. of bushs..
thous. of bushs.thous. of bushs..
thous. of bushs..;

69
2,343
6,349
1,415
1,186

1,801
3,071
4,478
6,732

114
12,038
12,593
7,216
8,027

4,070
2,000
220

6,290
1,000
3,600

4,440
1,600
2,000

42,720
68,070
15,187
16,688

- 26.8
- 19.6
+ 32.6
-37.7

97
21
19
88
202

243 + 64.5
29 - 50.0
495 +"80.0

Because'of a decided seasonal movement the percentage given was computed on the corresponding month of 1923 as a base instead of on the previous mouth.




+ 63.8
- 23.1
- 51.6
+216.5
+467. 6

40
TREND OF BUSINESS MOVEMENTS—Continued.
N U M E R I C A L 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
last quarterly issue of the SURVEY (NO. 30).

In many cases February figures are
now available and may be found in the
special table on page 24,

Corresponding
month,
Decem- January, December,
ber,
1924.
1923.
1922, or
January,
1923.

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH.

1922-23

I N D E X NUMBERS.

Per
cent
increase

1923-24

(+)

or decrease
cumulative
1923-24
from
922-23.

BASE
YEAR
OR
PERIOD.

1923

1922

924

Per
cent
increase
or decrease

iDec.

Jan.

Oct.

Nov.

Dec.

Jan.

from
Dec.

FOODSTUFFS—Continued.
Other Crops.
Receipts at m i l l s . , . . . . .
thous. of bbls..
ShipmentsTotal from mills....thous. of pockets..
Through
New Orleans
thous, of pockets..
Stocks, end of month,
at mills
thous. of pockets..
Imports,
pockets (100 lbs.) .
Exports
pockets (100 lbs.).
Apples:
Cold-storage holdings
(1st of following month)..thous. of bbls.
Car-lot shipments
carloads.
Potatoes, car-lot shipments
carloads.
Onions, car-lot shipments
carloads.
Citrus fruit, car-lot shipments
carloads.
Hay, receipts
.tons.
Sweet corn, unsold stocks, Iowa-Neb
cases.

966

1,076

952

7,297

6,400 - 12.3

1919

209

248

314

158

11.4

154

158

202

134.

348

820

1,105

1,016

6,246

5,503 - 11.9

1919

204

229

347

2,205

1,399 - 36.6

1919

164

93

121

80

12,3

1919
1919
1919

287
32
109

118
6
59

214
20
59

248
21
108

0.4
56.8
10.4

+ 25.4
- 2.3
+ 4.1
+ 22.7
+ 2.2

1919
1919
1919
1919
3919
1919
1922

374
121
77
SS
193
71
73

310
120
107
110
19S
669

359
655
223
274
100
73
50

582
371
129
151
207
75
28

31.8
2.7
66.5
43.3
8.8
31.3
7.0

-

1.5
6.9
5.5

1919
1919
1919
1919

89
95
81
87

91
85
64
95

130
155
178
120

106
127
142
97

+ 4.1

3,089,042 3,159,769
2,949,176 3,020,739
93,914
93,090 -

0.9

1913
1919
1913

124
88
79

151
125
94 t 109
104
92

135
95
89

1919

49

1913
1913
1913

23.0
23.3
49.0
22.7

4,626,262 5,457,438 + 18.0
3,919,569 4,433,278 + 13.1
983,713 1,205,748 + 22.6

2,011
28,614
339,117

2,019
44,876
303,950

2,284
119,218
474,538

402,222
2,079,296

9,641
7,748
11,403
1,683
10,672
76,458
187,117

6,575
7,961
18,983
2,411
9,735
100,367
174,072

5,376
8,171
16,049
1,909
10,708
83,423

85,055
140,602
18,000
39,006
566,884

106,691
137,303
18,741
47,864
579,559

1,810
788
353
1,018

1,884
712
243
1,155

1,876
756
281
a 1,086

15,319
7,487
3,534
7,735

15,087
6,969
3,339
8,028

411,049
389,065
9,495

455,902

479,328
9,899

429,162
418,767
12,537

105,655

102,340

114,113

9.785
17.10
13.50

9.469
17.00
13.90

9.780
15.40
13.50

5,825
1,911
46
3,919

6,253
2,198
50
4,016

5,306
1,887
66
3,395

979,788
647,086
188,697

980,793
654,454
224,660

907,645
585,633
196,139

756,818

858,497

745,190

191,748
98,578

227,464
132,758

181,267
107,786

49,340

56t 161

7.050
20.50
.132

7.231

1,526
688
154
837

148,469 - 63.1
1,605,631 - 22.8

0

Cattle and Beef.
Cattle movement, primary market:
Receipts..
__>
..—..thousands.
Shipments, total
thousands.
Shipments, stocker and feeder.thousands.
Slaughter
thousands.
Beef products:
Inspected slaughter produc.thous. of lbs.,
Apparent consumption
thous. of lbs.
Exports,...
_
thous. of lbs.
Cold-storage holdings
(1st of following month)...thous. of lbs.
Prices, Chicago:
Cattle, corn-fed
dolls, per 100 lbs.
Beef, fresh native steers..dolls, per 100 lbs.,
Beef, steer rounds, No. 2-dolls. per 100 lbs.

+ 3.8

- 3.1

27

39

45

124
120
106

115
123
135
119
103 i 118
li

116
135
104

115
132
103

+

1919
1919
1919
1919

134
139
61
133

142 ji 129
158 |i 140
88 135
134 123

145
149
93
144

156
160
61
155

167 + 7.S
184 - 15.0
67 - 8.7
158 -f 2.5

1913
1913
1913

183
257
190

188
209
239

148
250
193

182
231
194

203
231
230

203 + 0.1
234 + 1.1
274 4-19.1

1919

67

81

67

82

93 + 13.4

1919
1919

194
124

206
170

150
120

174
117

218
155

259 . 18.fi
209 + 34.7

56,266

1919

53

61

39

38

54

19.30
1.28

8.180
20.20
.118

1913
1913
1913

99
124
104

122
107

93
132
121

85
126
128

84
123
120

1,697
773
149
920

1,636
729
171
897

153
202
258

80
90
93
74

67
57
27
79

68

62

Hogs and Pork.
Hog movement, primary markets:
Receipts, primary markets
thousands.
Shipments, primary markets..thousands.
Shipments, stocker and feeder-thousands_
Slaughter
thousands.
Pork products, total:
Inspected slaughter produc-thous.- of lbs.
Apparent consumption
thous. of lbs.
Exports
thous. of lbs.
Cold-storage holdings (1st of
following month)
thous. of lbs.
Lard:*
Production
thous. of lbs.
Exports.
thous. of lbs.
Cold-storage holdings, end of
month
thous. of lbs.
Prices:
Hogs, heavy, Chicago,_.dolls. per 100 lbs..
Hams, smoked, Chicago.dolls. per 100 lbs.
Lard, prime contract, N.Y.*.dolls, per 1b.

120
87
70

- 9.6
-31.2
+ 13.5
+ 10.9
+ 15.5
+ 4.3

27,492
9,593
312
17,868

946,587
511,120

33,808
11,832
465
21,932

+
-f
+
+

1,123,302 + 18.7
618,831 -f 21.1

48

- 3.2
- 0.6

61 +
86 +
116 I
116 -

3.0

13.8
2,0
5.9
3.0

Sheep and Mutton.
Sheep movement, primary markets:
Receipts, primary markets
thousands..
Shipments, primary markets-.thousands..
Shipments, stocker and feeder-thousands..
Slaughter
_>
:
thousands..
Lamb and mutton:
Inspected slaughter produc.thous. of lbs,.
Cold-storage holdings
(1st of following month) -..thous. of lbs..
Prices:
Sheep, ewes, Chicago- _ .dolls, per 100 lbs..
Sheep, lambs, Chicago..dolls, per 100 lbs..

32,286

42,555

42,574

14,682
8,012
3,410
6,647
259,989

+
+
-

0.4
4.1
10.2
6.0

1919
1919
1919
1919

67
59
44
78

72
60
30
85

257,642 -

0.9

1913

67

81

14,624
8,342
3,758
6,248

2,508

2,343

5,980

1919

6.440
12.500

7.188
13.325

6.950
14.175

1913
1913

12,119
64,292

10,259
52,566

7,885
40,032

105,283

120,040

+ 14.0

1919
1919

thous. of lbs

75,576

37,915

43,735

233,362

252,334

+ 8.1

1919

thous. of lbs

93,675

55

72

133
191

148
182

Fish.
Total catch, prin. fishing ports.-thous. of lbs..
Cold-storage holdings, 15th of mo.thous. of lbs..

93
76

24

30

121
158

137
160

115
102

90
103

70
104

13S

292

382

24
113
164

+ 11.2

±3
81 +

9.9

+ 31.8
153
171

t

1L6
6.6

59 - 15.3
85 - 18.2

Poultry.
Receipts at five markets
Cold-storage holdings
(1st of following month)




* Revised,

99,666

121,632

1919
" N o t available.

371
150

221
183

56

95

141

191

-49.8

150

+ «•*

41
TREND OF BUSINESS MOVEMENTS—Continued.
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
last quarterly issue of the SURVEY (NO. 30).

In many cases February figure* are
now available and may be found in the
special table oh page 24.

NUMERICAL DATA.

December,
1928.

Corresponding
month,
January, December,
1924.
1922, or
January,
1923.

CUMULATIVE TOTAL
FROM JULV 1
THKOUGH LATEST
MONTH.

1922-23

1923-21

INDEX NUMBERS.

Per i
cent \
increase!

PIT

cent
increase

( )l

t

or decrease
<-)
cumulative
1923-24
from
1922-23.

BASE
YEAR
OR
PERIOD.

1922

urn or(+)
de-

1923

Dec. Jan.

Oct.

Dec . Jan.

crease
(-)
Jan.
from
Dec;

FOODSTUFFS—Continued.
Dairy Products.
Condensed and evaporated milk:
Exports________
_
.thous. of lbs.
Receipts at five markets:
Butter.'..-thous. of lbs.
Cheese
_.
.thous. pf lbs.
Eggs
..thous. of cases.
Cold-storage holdings (1st of following mo.}:
Creamery butter
thous. of lbs.
American cheese
thous. of lbs.
Case eggs....
._;___.-_thous. of cases.
Wholesale prices at five markets:
Butter.
_.
dolls, per lb_
Cheese....
.....dolls, per l b .
Fluid milk:
ReceiptsBoston (includ. cream)..thous. of qts_
Greater New York
thous. of cans.
Sugar.
Raw:
Imports
^__
long tons..
Meltings, 8 ports
long tons..
Stocks at refineries, end of
month
._
long tons..
Refined, exports
long tons..
Cane, domesticReceipts at New Orleans
long tons..
Prices:
Wholesale, 96° centrifugal,
"> N. Y .
dolls, per l b .
Wholesale, refined, N. Y
dolls, perlb.,
Retail, average 51 cities
index number.,
Cuban movement:
Receipts at Cuban ports.
..long tons.
Exports
_
long tons.
Stocks, end of month
long tons.
Coffee.
Imports._.
.._.__
thous. of lbs.
Visible supply:
World
thous. of bags.
United States
thous. of bags.
Receipts, total, Brazil
thous. of bags.
Clearances:
Total, Brazil, for world.,..thous. of bags.
Total, Brazil, for XJ. S
thous. of bags.

1:
Imports

thous. of lbs..

29,770

33, G23

10,239

78,778

41,881
14,299
587

42,615
14,399
713

48,123
12,887
853

368,369
122,469
5,936

30,282
1,926

15,243
40,499
500

16,122
26,593
213

.530
,230

.519
.225

.506
.259

14,795
2,335

14,684
2,837

14,357
2,170

103,587
15,679

110,143
199,642

230,919
228,670

240,034
251,140

1,866,116
2,451,017

57, 929
1,853

79,208
3,499

80,617
4,718

159,035

66,014

22,2G2

33,899

128,425

.073

.067
.084

.053
.067

25,876
3,714
22,162

548,358
341,821
240, 622

501,271
309,831
276,288

1,26-4,474
1,885,087

143,196

137,397

111, 608

721,709

49,560

4,293
; 712
1,214

4,198
670
1,235

7,721
819

139,387 + 76.9

1919

357,308 132,707 +
6,233 +

1919
1919
1919

3.0
8.4
5.0

107,184 + 3.5
18,309 + 16.8

1,399,516
1,945,291

- 25.0
- 20.6

21,282 - 86.6
153,203

+ 19.3

870, 001 - 31.1
1,186,108 - 37.1

846,164

+ 17.2
• 26.1

47
|
93 !'+
+
60 |+

27 |» 49.7
109 •- 18.3
' - 74.0

1919
1919

-

03
61

1913
1919
84
160

1919
1909-13

209
207
189

1919
1919
1919

26
31
7

152
95
43

8
1
3

166 + "9.7
105 +"10.3
37 + 8.6

1909-13

173

153

218

189

182 - 4.0

3G
39
127

30
37
129

+

115
128

- 33.2

67
53
104

46
45
105

13S
190

130
192

149

167

103
414

80
342

78
483

2.6
+ 41.3

S9
273

89
413

504
6,257

559
5,350

4,346
35,091

4,162
39,589

26,232

38,191

37,090

247,076

2.2
5. «
1.7

1913
. 1913
1913

1913
1913

491
4,428

8.2
4.5
2.9

40
48
125

106

80,198 + 13.5

192
190
185

151
158
151

110

70,649

138

36.7
SS.8
66.3

163
162
151

1909-13

8,738

408

t
-

1913
1913
1913

124
176

7,831

118

209

97
122

13,722

234

61
63

283

1913
1913

1,226

140

+109.7
+ 14.5

1913

9,585 + 23.9
5,009 + 23.6

1,134
505

2.1
2.2

112 ' ! - 0.8
190 ; + 21.5

1919
1913

6,717

1,288
756

J.S
0.7
21.5

1916-20
1916-20
1916-20

1,004

7,737
4,051

12.9

173

12.0

- 42. 9

TOBACCO.
Consumption (tax-paid withdrawals):
Large cigars
_
millions..
Small cigarettes,_.
:millions..
Manufactured tobacco ••
andsnufl.
thous. of lbs..
Exports:
Unmanufactured leaf
....thous. of lbs..
Cigarettes
_
millions..
Sales at loose-leaf warehouses. ...thous. of Ibs_.
Pnce, wholesale, Burley good leaf,
dark red, Louisville
dolls, per 100 l b s -

271,126

- 4.2
+ 12.8

237,875 -

3.7

326,403 + 20.4
7,499 4- 13.6
460,707 + 22.8

100

90

71

103

+ 45.6

133
470
70

149
529
100

171
496
120

177
554
115

161
512
94

z

1913

208 ! 208

212

212

212

212

0.0

391
425
222
156

522
783
236
171

545
785
261
166

613
786
340
173

596
778
322

2.7
2.1

107
419

102
489

57
688

183

217

164

1913
1909-13
1913
1919

118
439
86

55,707
1,071
94,488

50,528
990
76,989

41,652
908
57,463

28.00

28.00

27.50

tons..
tons..
tons..
tons..

2,495
1,432
624
2,009

2,427
1,402
590

1,592
775
407
>2,060

9,515
4,544
2,735
10,709

15,943 -I- 67.6
10,140 +123.2
3,354 + 22.6
11,491 + 7.3

1915
1915
1915
1919

377
483
242
177

tons..
tons..

9,975
27,290

>5,495
» 16,855

94,425
87,615

92,785 - 1.7
169,635 + 93. 6

1913
1913

31
425

334,429

2,973,573

+ 37.3

162

490,272

1922

tons.

6,599
375,063

9.3
7.6
18.5

TRANSPORTATION.
River and Canal Cargo Traffic.
Panama Canal:
Total cargo traffic
thous. of long
In American vessels...thous. of long
In British vessels-....thous. of long
Suez Canal
thous. of metric
Mississippi River:
Receipts at St. Louis.
short
Shipments from St. Louis
short
Ohio River, Pittsburgh, Pa., to
Wheeling, W. Va
short
17

246,033

BeSuseeoi ^decided seasonal movement the percentage given was computed on




4,082,273

112

1
82

- 49.8

the corresponding month of 1923 as a base instead of on the previous month.

42
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NoTE.-Items marked with an asterisk <•)
have not been published previously in trie
SURVEY or are repeated for special reasons;
detailed tables covering backfiguresfor these
items will be found at the end of this bulletin.
For detailed tables covering other items, see
last quarterly issue of the SURVEY (NO. 30).

December,

anuary,
1924.

In many ca*e* February figure* are
now available and may be found in the
tpeciat table on page 24.

Correiponding
month,
December,
1922, or
y
1923.

CUMULATIVE TOTAL
FROM JUtY 1
THROUGH LATEST
MONTH.

1922-23

INDEX NUMBERS.

Per
cent
increase

1928-24

or decrease
cumulative
1923-24
from
.922-23.

BASE
TEAE
OB
PERIOD.

1922

924

1928

Dec. Jan.

Per
cent
increase

from
Deo.

Oct. STov. Dec.

TB ANSFORTATION-Continued.

Ocean Transportation.
Entrances, vessels in foreign trade:
Tot3l
thous. of net tons..
American
thous. of net tons..
Foreign
thous. of net tons..
Clearances, vessels in foreign trade:
Total
thous. of net tons..
American
..thous. of net tons..
Foreign
..thous. of net tons..
Freight rates, Atlantic ports to:
United Kingdom .weighted index number..
AH Kurope
weighted index number..

97
151
78

5,529
2,625
2,901

4,325
1^774
2,551

4,821
2,021
2,799

41,481
20,090
21,390

40,731 - 1.8
17,075 - 15.0
23,656 •f 10.6

1913
1913
1913

109
172
86

139
238
103

127
232
89

4,964
2,237
2,729

4,635
1,817
2,818

4,552
1,873
2,678

40,704
19,815
20,887

41,059 + 0.9
17,242 - 13.0
23,817 + 14.0

1913
1913
1913

102
150
83

134
215
102

130
231
92

111
179
84

28.6
25.1

27.8
25.1

1920
1926

27.1
24.4

25.3
22.9

23.4
22.9

2L8
32.4
12.2

103
6.6
145 - 18,8
87
1.1
0,8

27.5
24.9

Freight Cars.
Surplus (daily av. last week of month):
Box
number..
Coal
number..
Total
number..
Shortage (daily av. last week of month):
Box
number..
Coal
number..
Total
.
numberCars in bad order:
Total
cars..
Ratio to total in use
...per cent..
Car loadings (weekly average):
Total
cars.
Grain and grain products
carsLivestock. _.
cars.
Coal
cars.
Forest products
cars.
Ore
cars.
Merchandise and miscellaneous
cars.

91 -42.7

129,963
149,409
312,338

74,415
67,578
169,036

6,976
7,208
26,588

1919
1919
1919

6
5
8

S
10
14

18
10
13

18
21
123

1,678
1,894
4,598

26,815
38,477
73,269

1919
1919
1919

202
870
343

141
916
303

21
73
51

158,175
(5.9

161,569
7.1

209,471
&5

1913
1913

142
132

137
124

99
97

102
100

104
101

+832.2
-801.0
+27£8
+ 2.1
4- 2.9

822,095
44,951
35,619
161,022
58,392
10,414
500,509

858,863
45,093
35,945
196,826
66,704
8,435
493,874

847,363
47,222
34,500
193,085
66,828
10,909
480,989

1919
1919
1919
1919
1919
1919
1919

105
130
102
107
100
25
103

106
121
105
109
118
29
102

134
127
133
108
130
159
136

122
128
121
100
127
95
125

103
115
108
91
103
28
106

4- 4.5
- 0.3
- 0.9
-22.2
-14.2
- 19.0
- L3

333,576
91,730
468,977
384,984

367,026
91,137
502,542
408,978

2,509,442 2,686,761 + 7.1
664,384
700,259 + 5.4
3,508,816 3,718,692 + 6.0
2,786,163 2,883,866 4* 3.5

1913
1913
1913
1913

206
171
201
223

208
158
197
225

250
163
230
245

224
151
208
224

195
176
194
214

-

51,281
4.54

61,129
5.56

488,918

585,237 4- 19.7

243,263

266,618 + 9.6

102
108
150
138

172
93
160
154

144
93
158
140

-26.4
2.3

o37,707

132
100
154
133

116

34,514

1913
1913
1919
1919

17.5
18.3

25.5
24.5

Ratlroad Operations.
Revenue:
Freight
thous. of dolls. 344,138
101,095
Passengers
thous. of dolls.
Total operating
thous. of dolls. 494,464
388,149
Operating expense
thous. of dolls.
Net operating income:
Total
thous. of dolls.
Per cent on tentative valuation.per cent..
4.44
Receipts per ton-mile
cents..
Freight carried
mills, ton-miles.
33,419
Locomotives in bad order, 1st of following
month, per cent to total in use:
Freight
percent.
17.1
16.9
Passenger
percentPassenger Travel.
Railroads:
Passengers carried one mile
thousands. 3,220,171
2,817
Pullman passengers carried.._.thousands..
National parks:
28,997.
Visitors
number..
489
Automobiles entered
number..
Arrivals from abroad:
68,081
Aliens.
.
, _.
.__. number..
17,620
United States citizens
number..
Departures for abroad:
23,202
Aliens
number..
United States citizens
number,.
16,928

2,724

-H8

-45,9

122

126

t

1919
1919

,789 19,048.265 20,316,907 + 6.7
2,689
19,515
20,810 4- 6.6
M8,551
715,104 1,033,512
44.5
>251
104,863
120,472
• 14.9

1913
1913
1920
1920

31
5

»43,984
» 16,720

356,597
181,101

1913
1913

32
64

* 18,830
M5,761

121,550
143,762

585,199 + 64.1
180,356 - 0.4
120,209 - 1.1
133,600 - 7.0

1913
1913

23
54

» 42,489
*9246

247,507
53,870

268,116 + 8.3
56,127 + 4,2

1913
1913

324
249

»8,796
» 10,850

53,576
66,820
11,408

54,491
-L7
67,541 + 1.0
9,348 - 18.1

1919
1919
1919

4,754
1,620
3,134

30,107
10,166
19,941

33,663 4- 11.8
11,040
- 8.6
22,592
13.3

1919
1919
1919

110
132

104
130

109
137

100
123

114
136

3.1
9.3
5.2
0.8

2.3
8.3

131 - 3.3

42
16
87
112

89

326
266

350
269

345
268

351
274

116
107
138

118
110
120

128
120
118

116
109
92

116
109
90

142
116
158

147
133
155

153
121
172

149
123
165

153
139
161

122
123
1919
123
150
136
1919
142
162
US
1919
108
441
451
1913
425
13
Index n u m b e r less than 1.

118
150
124
489

116
153^
141
519

PUBLIC UTILITIES.
Telephone companies:
Operating revenues
thous. of dolls .
Operating income
thous. of dolls..
Telegraph companies:
Commercial telegraph tolls.thous. of dolls
Operating revenues
thous. of dolls
Operating income
thous. of dolls..
Central electric stations:
s/ Production, electric p o w e r Total
mills, of kw. hours
By water power.-.mills. of kw. hours '
By fuels
mills, of kw. h o u r s "
Consumption of fuelsCoal
thous. of short tons..
O"
thous. of barrels..
_ Gas
millions of cu. ft..
Gross revenue, sales..
thous. of dolls..
« Revised.




46,136
10,162
8,848 L
10,979 ;.
1,476 I.
!
a 4,956
*5,177
a'1,682
1,697
a3274
3,480
«3,393
a 1,473
* 2, 513
135,100

3,627
1,563
2,461

3,557
22,067
1,256
8,795
2,096
18,030
6 110,500
573,700
& December, 1922,

23,487 4- 6.4
9,647 4* 9.7
19,819 4- 9.9
+ 19.2

172
124
170
138

63

43
TREND OF BUSINESS MOVEMENTS—Continued.
NOTE.—Items marked with an asterisk (*) i
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. I!
For detailed tables covering other items, see
last quarterly issue of the SURVEY (NO. 30), j December,
In many ca8e» February
figure* are \ 1928.
now available and may be found in the !
special table on page 24.

N U M E R I C A L DATA.

January,
1924.

Corresponding
month,
December,
1922, or
January,
1923.

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH.

1922-23

INDEX

Per
cent
increase

1923-21

(+)

or decrease

(-)
cumulative

BASE
YEAR
OR
PERIOD.

1923-24
from
922-23.

NUMBERS.

1928

J922

924

Per
cent
increase

(+)

or decrease
Dec. Jan.

Jan.
from
Dec.

Oct. Nov. Dec.

EMPLOYMENT.
Number employed, by industries:
i
Total, 1,428
firms
thousands..
Food products
number..
Textiles
.number.Iron and steel...
number..
Lumber..
number..
Leather
*
number..
. Paper and printing
number..
Beverages
number..
Chemicals
number..
Stone, clay, and glass
number. .
Metals, exc. iron and steel
number..
Tobacco products
nuinber..
Vebicles
_
number..
Rail way repair shops. _
number..
Miscellaneous
number-.
Number employed, State and city reports:
New York State
thousands..
Detroit
thousands..
Wisconsin
index number..
Illinois
index number..
Massachusetts
index number. .
Total pay roll:
New York State
thous. of dolls..
Wisconsin.
index number..
Average weekly earnings:
New York State
dolls..
Wisconsin
index number. Massachusetts
index number..
Railway employment:
Number employed
thousands..
Hourly compensation...
Employment agency operations:
Workers registered
number..
Jobs registered
numberWorkers placed
number..
Average applicants per job
number.-

1,986
144,865
261*914
491,572
28,422
53,666
55,947
1,097
8.5,858
19,620
110,426
31,505
301,464
72,217
327,559

2,006
138,124
259,081
496,333
28,131
55,282
5$> 352
l,0S6
86,462
19,250
109,713
30,604
329, 790
70,032
325,860

1,938
140,957
266,297
491,812
27,740
60,495
56,555
584
86, 554
16, 522
103,092
30, 525
288,300
72,284
296,729

1921
1921
1921
1921
1921
1921
1921
1921
1921
1921
1921
1921
1921
1921
1921

120.4 124.3
107.9 107.4
103.6 104.0
136.4 140.7
117.9 119.1
115.1 121.9
110.9 113.3
j 40.5 40.4
115.4
1127.9 119.6
!l31.2 135.8
102.7 01.4
64.5 186.2
[14.1 [18.4
[02,0 03.0

27.4
10.4
0Z5
40.6
22.1
08.1
12.1
75.8
14.4
42.1
[45.4
[04.6
94.8
18.3
13.9

28.7
05.2
01.4
41.9
20.8
.11.4
12.9
75,1
115.2
139.4
144.5
01, C
113.1
14.8
13.4

1.0
4.7
1.1
1.0
1.0
3.0
0.7
1.0
0.7
1.9
0.6
2.9
9.4
3.0
0.5

113
116
115
132
121
120
.20.9 [20.7 [19.9
107.1
[07.9
08.3
[05.6 104.0 L01.6

29.9
.15.8
.01.6
49.0
23.2
115.7
10.6
69.5
[19.1
147.2
L40.fi
99. G
96.9
120.7
113.3

29.3
13.0
02.7
44.8
23.9
13.0
12.7
C9.4
.18.0
4.4
L42.6
102.7
196.5
19.0
14.5

541
214

535
240

547
203

1914
1920
1915
1922
1914

114
115
114
104
.20.1 [20.7
.07.4 [00.5
10.2

112
135
14.5
05.2

1.1
12.1
4.5
1.8

15,141

14,874

14,341

1914
1915

235
241
259 239
239
243
251.3 245.0 270.0 275.2 265.0 253,9

1.8
4.2

27.97

27.81

26. 21

1914
1915
1914

224
222 221
210
211
209.3 203.0 228.5 228.3 221.7
215.1 225.2 222.9 228.0

219
113.5

0.6
3.7

- 14.9
- 7.2
- 25.6

142,046
91,500
78,836
1.09

1,789
.620

10,184

b 172, 509
6 143,265
& 115,595
&1.20

1,320,736
1,256,319
962, 745

191G
1916

109
225

108
223

118
221

114
225

109
227

15.3
20.9
1C.8

«1921
M921
«1921
»I921

85
123
122

101
136
134
74

118
189
185
62

81
110
114
73

70
78
122

17.9
209,478
8.0
128,066
81,412 4* 37.6

t

1913
1913
1913

287
261
351

243
238
356

335
283
458

318
261
455

271
242
339

+ 15.5
14.5
+ 19.6
+ 21.2
8.6

1913
1913
1913
1913
1913

682
498
952
660
610

242
200
446
273
229

379
328
656
417
332

692
591
183
795
664

265 220 49-1 300 240 -

61.8
62.8
58.2
62.2
63.9

+

1920

115

113

1,118,590
993,354
800,666

-

DISTRIBUTION MOVEMENT.
Mail-order houses;
177,743
27,407
30,508
35,8G0
Total sales
thous. of dolls.,
118, 592
18,930
19,303
20, 797
Sears, Roebuck & Co
thous. of dolls..
59t 151
8,477
15,063
11,205
Montgomery Ward & Co.-thous. of dolls, .
Ten-cent stores:
182,323
19,265
55,237
21,096
Total sales
thous. of dolls.108,146
11,049
32,626
12,134
F. W. Woolworth Co
thous. of dolls..
43,222
4,929
13,070
5,457
S. S. Kresge Co
thous. of dolls..
11,260
1,227
3,579
1,352
McCrory Stores Corp.
thous. of dolls-.
19,693
2,060
5,962
2,153
S. I I . Kress & Co
thous. of dolls..
Restaurant chains:
20,180
2,971
3,062
3,194
Total sales, 2 chains
thous. of dolls..
199
214
215
Stores operated
number..
1,905
2,079
1,967
Child's Co
thous. of dolls..
f
1,066
1,115
1,095
Waldorf system
thous. of dolls.7,142
Chain stores:
32,125
2,800
3,468
8,475
J. C. Penney C o . - . . . — . . . t h o u s . of dolls..
.44,509
5,440
5,396
8,739
United Cigar Stores Co
thous. of dolls..
10,411
1,331
1,597
2,531
A. Schulte (Inc.)
thous. of dolls..
10,060
1,383
1,815
2,044
Jones Bros. Tea Co
thous. of dolls..
6,692
856
918
1,370
Owl Drug Co
thous. of dolls..
221,920
39,958
45,375
45,823
Candy sales by manufacturers.thous. of dolls..
Magazine advertising
» 12,809
1,730
1,945
1,746
(for following month)
thous. of lines..
643,105
90,282
92,172
Newspaper advertising
thous. of lines.. 102,475
Postal receipts
167,353
24,935
31,351
26,031
total (60 c i t i e s ) . , . .
, „ . . t h o u s . of dolls.
Money orders:
Domestic paid (60 cities)—
67,823
10,233
10,867
11,985
Quantity
,.
number..
606,683
72,266
77,642
91,314
Value
thous. of dolls..
Domestic issued (60 cities)—
16,789
2,'619
3,250 ;
3,028
Quantity.
number. .
176,000
27,226
31,812 !
29,118
Value
thous. of dolls..
16,342
2,472
5,491 j
2,773
Foreign issued
thous. of dolls..
fc
Internal-revenue taxes collected:
38,592
6,766
7,577
7,048
Theater admissions
. . . t h o u s . of dolls..
2,791
261
147
243
Firearms and shells
thous. of dolls..
Jewelry, watches and
4,285i
i
11,937
4,942
1,700
clocks
thous. of dolls..
Bond and stock issues
24,406
4.831 !
4,173
3,567
and conveyances
thous. of dolls. .
5,465
'794 !
895
Capital stock transfers
thous. of dolls..
»
SW
months'
average,
July
to
December,
inclusive,
& December* 1922.




210,581
123,869
51,688
13,644
21,380
21,738
7,826

7.7

+*~6.~7"
+ 9.6

1920

"274" "268"
134 135
2,862 1,273
340 221
305
193
370 263
110 101

115

122

117

-

4.2

138

"293*
141

*277
139

-

1.9

,451 3,271
260
268
250
263
235
242
275
360
100
93

,852
355
377
250
422
116

1,576
219
238
222
282
114

- 59.1
- 38.3
- 36.9
- 11.2
- 33.0
0.9

184
130

172
126

143
123

159
110

+ 11.4
- 10.1

122
"287"
147

40,918
45,260
12,583
13,262
7,181
238,029

+ 27.4
+ 31.8
+ 7.3
+ 7.3

1913
1913
•1919
1913
1913
1920

i» 15,321
606,952

+ 19.6
+ 3.7

1913
1919

114
120

+

6.4

1919

159

136

148

144

171

142

-

17.0

72,096 + 6.3
561,621 + 10.8

1919
1919

158
128

157
111

146
143

141
134

154
HO

140
119

-

9.3
14.6

19,291 . 14.9
199,478 + 13.3
28,573 + 74.8

1919
1919
1919

147
127
138

138
125
83

150
138
179

146
133
153

172
147
185

160
134
93

-

6.8
8.5
49a

44,109 + 14.3
2,604 - 6.7

1919
1919

126
$5

125.

129
71

127
157

130
76

140
46

+ 7.5

137

138

142

413

+190.7

178,090

+ 1.7
20.9

81
128

-

39.5

14,196 + 18.9
368
+ 17.0
100
100
95
104
1919
25,115 + 2.7
135
+ 13.6
77
55
51
75
1919
4,348 i - 20.4
78
Cumulative are for the 8 months' period,
July to February, inclusive.
1919

TREND OF BUSINESS MOVEMENTS—Continued.
NOTE.™Items marked with an asterisk (*) i
have not been published previously in the
SURVEY or arc 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
Decemlast quarterly issue of the SURVEY ( N O . 30).
ber,
1923.
In many cases February figures are
now available and may be found in the
special table on page 24*

N U M E R I C A L DATA.

Corresponding
month,
January, Decem1924.
ber,
1922, or
January,
1923.

(+)

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH.

1922-23

INDEX

Per
cent
increase,1

or decrease
.(-)
cumulative

BASE
YEAR
OR
TERIOD. !.

192:

1923

Per
cent
increase

(+)

192

or decrease
(-)
Jan.
from
Dec.

]

1923-24
from
[1922-23.

1923-24

NUMBERS.

Jan. Ij Oct

No\

Dec Jan,

PUBLIC FINANCE.
Government debt:
Interest-bearing
Total gross debt.
Customs receipts
Total ordinary receipts.
Expenditures chargeable to
ordinary receipts
Money in circulation:
Total
»
Per capita
--.-.

mills,
..mills,
.thous.
thous.

of
of
of
of

dolls..
21,641
dolls.J
21,914
dolls._j 40,946
dolls._| 576,317

21,577
21,843
40,019
183,307

22,359
22,732
46,346
213, 558

295,270
2,084,60S

309,778
2,152,754

f

2,122,164

2,136,080

++

thous. of dolls..

400,939

260,705

267,672

mills, of dolls. J
dollars..!

4,951
44.22

4,682
41.77

4,509
40.74

0.7

2
° 1919
201919
3 1913
M913

89
175
354

86
154
956

- 0.3
- 0.3
- 2.3
-68.2

a 1913

443

663

- 35.0

201919
*> 1919

94
90

103
98

- 5.4
-5.6

BANKING AND FINANCE.
Banking.
Debits to individual accounts:
New York City
mills, of dolls..
22,081
22,014
22,087
Outside New York C i t y . . .mills, of dolls..
20,361
19,395
J9^6
Bank clearings:
-Jttf^
<£/ ¥' ) < ?
l
New York City
mills, of dolls..
19,495
V778
10,689
Outside New York C i t y . . .mills, of dolls..
15,897
16,588
16,135
Rederal Feserve B a n k s :
Bills discounted
mills, of dols..
857
522
597
Notes in circulation
.mills, of dolls..
2,340
2,023
2,204
Total investments
mills, of dolls..
441
393
542
Total reserves
mills, of dolls..
3,138
3,263
3,227
Total deposits
mills, of dolls..
1,938
1,991
1.991
Reserve ratio
percent..
73.3
81.3 !
76.9
Federal Reserve member banks:
Total loans and discounts..mills, of dolls..
11,934
11,884
11,425
Total investments
mills, of dolls..
4,555
4,480
4,849
Net demand deposits
mills, of dolls..
11,034
11,239
11, .537
Interest rates:
4.55
New York call loans
. . . p e r cent..
4.59
4.35
Commercial paper, 60-90 days...per cent..
4.97
4.83
4.63
Saving deposits, by Federal Reserve Districts
(bal. to credit
of depositors):
r
Total, &>2 banks.
. . . . t h o u s . of dolls._J6,878,154 6,875,874 6,349,980
Boston, 64 banks
thous. of dolls..j 1,217,267 1,227,742 1,150,793
New York, 30 banks...thous. of dolls.. 1,923,763 1,922,678 1,805,923
Philadelphia, 80 banks.thous. of dolls.. 480,131
483,826
442,083
Cleveland, 18 banks., .thous. of dolls.. 464,948
458,720
411,325
Richmond, 91 banks...thous. of dolls.. 293,193
284,707
Atlanta, 97 banks
thous of dolls.. 220,771
217,723
202,933
Chicago, 209 banks
thous. of dolls.
897,508
891,580
819,393
St. Louis, 33 b a n k s . . . . t h o u s . of dolls.. 134,823
135,025
125,229
Minneapolis, 15 banks.thous. of dolls.. « 92,410
92,303 « 86,220
Kansas City, 56 banks.thous. of dolls.. 109,265
108,714
102,558
Dallas, 65 banks
thous. of dolls..
63,870
64,526
54,739
San Francisco,74 banks.thous. of dolls.. 980,205
979,938
864,077
TJ. S. Postal Savings
.thous. of dolls.. 131,518
130,277
131,566

141,502
123,375

134,539 130, 783 +

4.9
6.0

1919
1919

102
112

109 !|
112 ;i

9-3
113

98
106

109
116

-

128,237
100,612

122,456 106,012 +

4.5
5.4

1913
1913

24C
262

289

225
285

229
263

24
277

+

1919
1919
1919
1919
1919
1919

33
94
119
1498
14

46
85
50
147 I 14G
103 | 101
153
152

41
86
63
146
100
152

44
89
74
143
100
146

+
+
+
+

1.5
39.1
13.5
11.9
4.0
2.7
".0

1921
1921
1919

95
143
106

96
144
109

100
135
106

100
133
105

100
135
104

-

0.4
1.6

1913
1913

149
80

137
SO

148
89

151
88

144
86

-

0.7
2.3

1920
1920
1920
1920
1920
1920
1920
1920
1920
1920
1920
1920
1920
1913

116
109
118
112
118
124
137
117
127
122
123
333

117
111
118
113
119
126
120
109
138
120
127
122
123
331

123
116
122
118
12S
329
129
116
145
126
129
137
137
335

124
117
122
119
132
129
129
117
146
126
133
141
137
334

126
117
126
123
135
130
131
119
149
129
135
143
140
331

0.1
- 0.5
•+. 1.0
0.0
0.9

2.50
172

205
144

238
176

Life Insurance.
Policies, new:
Ordinary.
thous. of policies.
Industrial
._
thous. of policies.
Group
number of policies.
Total insurance
thous. of policies.
Amount of new insurance:
Ordinary
thous. of dolls .
Industrial...
thous. of dolls.
Group—
thous. of dolls.
Total insurance..
..thous. of dolls.
Premium collections:
Ordinary
thous. of dolls,.
Industrial...
thous. of dolls..
Group
_
thous. of dolls.
Total
thous. of dolls.

213
682
403
895

160
767
49
927

152
547
60
699

1,091
3,968
732
5,060

565,756
153,154
196,808
915, 718

448,999
179, 656
8,727
637,381

398,150
112,678
13,701
524,528

2,796,581
819,716
147,909
3,764,205

112,119
48,804
2,487
163,410

100,650
29,867
2,278
132,795

89,760
28,002
1,723
119,485

587,914
191,782
9,85o
789, 552

1,243

•+ 13.9

4,506 + 13.6
726 - 0 . 8
5,751 + 13.7
3,252,174 + 16.3 j
1,016,546 + 24.0 '
274,872
85.8 I
4,543,591 + 20.7!
658,706 +
+
13,246 +
895,775 +
223,824

12.0 I
16. 7
34.4
13.5

Business F i n a n c e s .
Business failures:
Firms..
_
_
number..
1,837
2,108
2,120
12,412
11,098 - 10.6
Liabilities
thous. of dolls..
51,615
51,273
49,210
299,389
Total dividend and interest payments
331,237 i-f- 10.6
(for following month)
.thous. of dolls.. 420,025
185,565
175,905 2,329,953 2,356,711
Dividend ,payments
following mo.)
_„
„ V(for
xw» wiwHing
+ 1.1
Total
thous. of dolls..| 151,240
76,640
74,805
664,892
688,551
Indus, and misc. corp
thous. of dolls..
62,375
41,895
40,775
3G6,540
377,681
Steam railroads
..thous. of dolls..
25,750
28,115
27,705
189,530
195, 790
Street railways
thous. of dolls..
15,565
6,630
6,325
53,441
New incorporation
thous. of dolls.. 955,632 878,705
56,831
909,694 5,114,800 4,912,398
Credit conditions:
Orders
per ct. of total transactions..
18.5
25.8
29.5
38.9
41.4
Indebtedness.per ct. of total transactions..
43.0
54.7
52.7
Payments
p e r c t . of total transactions.,.
57.0
,__
„
,_j
3
« Revised.
12 months' average, July to June inclusive, ending the year indicated.




1913
1913

"ioo

31
84
92

:

+
+
-

0.3
4.8 .

0.0
0.9
0.1
0.8
1.3
0.0
1.3
0.7

+ 0.1

197

24.9
12.5
88.4
3.6

429
295
3,6201
494

20.4
17.3
55.5
30.4

303
453
023
342

10.2
3S.8
8.5
18.7

1913

185

1913
1913
1913
1913

385
265
14,549
384

302
217
948
283

1913
1913
1913
1913

2S0
343
'5,858
298

213
249
260 I{ 285
558 i6,177
2.50
261

1913
1913

136
256

159 i! 12.-, 128
221
217
349

158
226

1913

310

119

193

125

55.8

154 !|

18G
337
293
498
326

173

14.8
0.7

1913
1913
1913
1913
1913

204
153
100
298
472

107
106
112
129
528

92
72
126
118
409

07
132
53
70
471

110
109
114
135
510

49.3
32.8

1916
191G
1916

100
127
90

107
107
96

109
111
10S

101
111
108

93
100

3S.8
9.9
4.8

20

Relative to June 30, 1919.

9.2
57.4

8.0

45
TREND OF BUSINESS MOVEMENTS—Continued.
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
last quarterly issue of the SURVEY ( N O . 30).
In many cases^ February
figures are
now available and may be found in the
special table on page 24.

N U M E R I C A L DATA.

December,
1923.

January,
1924.

CUMULATIVE TOTAL
FROSI JULY 1

Corresponding
month,
December,
1922, or
January,
1923.

1922-23

THROUGH LATEST

Per
cent
increase
(+
,>
or decrease

(-)
cumulative

MONTH.

1923-24

INDEX NUMBERS.
BASE
YKAU
OB

1922

Per
cent
in*
crease

1923-24
from
1922-23.

(+)

1024

1923

ov decrease

TERtOD.

Dec. Jan.

Oct. Nov.

Dec. Jan.

(-)
Jan.
from
Doc.

BANKING AND FINANCE—Continued.
New Capital Issues.
Total corporations (Commercial arid
Financial Chronicle):
Purpose of i s s u e New capital
.thous. of dolls..
Refunding
thous. of dolls..
Kind of i s s u e Stocks
_.
thous. of dolls..
Bonds and notes
thous. of dolls..
Bond issues classified—
RailroadsNew capital
.thous. of dolls._
Refunding.
.thous. of dolls..
Public u t i l i t i e s New capital
thous. of dolls..
Refunding
.thous. of dolls..
IndustrialsNew capital
thous. of dolls..
Refunding
thous. of dolls..
Total corporations (Journal of
Commerce)
_
...thous. of dolls..
States and municipalities:
Permanent loans.
...thous. of dolls..
Temporary loans...
thous. of dolls..

272,103
14,875

276,906
27,792

'444,123
177,926

1,391,706
542,898

1,461,894
5.0
153,704 - 71.7

1920
1920

104,408
182,571

65,937
238,762

' 135, 534
469,323
487,515
1,466,281

364,98' - 22.2
1,250,609 - 14.7

1920
1920

12,007
9,500

45,608
None.

50,802
4,000

146,145
54,202

273,817 + 87.4
27,660 - 49.0

1919
1919

76,166
1,175

104,803
20,375

66,940
44,833

237,64G
151,854

460,697 4- 93.9
96,376 - 36.5

28,025
2,750

14,760
5,568

167,149
49,601

335,268
79,263

191,705 - 42.8
14,582 - 8L6

305,827

250,883

632,784

2,186,188

132,167
90,674

72, 534
10,163

98, 816
48,665

644,212
278,723

23,121
16,462
6,659

23,747
16,454
7,293

46,445
21, 501
24,944

253,868
131,0S4
122,784

974
6,268
67,903

498
2,325
66,075

3,346
13,011
127,072

16,462
82,150
1,108,890

440
1,390
2,249

134
239
2,143

1,607
1,212
12,172

14,394
8,074
52,970

108.88
58.25
90.15

112.14
60.35
93.00

110.35
61.71
94.67

24,067

27,762

20,208

123 + 1.8

197
833

94
88

143
305

120
70

152
309

37
125

107
185

117
116

263
273

611
136

795 1,000
434
151

144 519 ! +279.8
324 None.

1919
1919

170
51

686
948

678 1,380
95 1,190

781 1,074 + 37. 6
25 431

1919
1919

208 1,576
105 5,260.

1, 758,219 - 19.6

1913

316

581,815 - 9.7
318,120 + 14.1

1913
1913

275
87

165,587
103,242
62,345

34.8
21.2
49.2

1919
1919
1919

3,210
34,213
557,409

80.5
58.4
49.7

2,537 - 82.4
9,150 + 13.3
26,863 - 49.3

128

130 + 86. fi
74 | - 30.8
151 + 30.8

139 - 47.3
590 +102.5

358
145

349
394

204
292

401

180

273

223

183

290
121

298
15

286
72

388
225

213 - 45.1
25 - 88.8

254
169
483

291
185
577

186
124
352

125
121
136

145
142
154

149 + 2.7
142
0.0
169 + 9.5

1922
1922
1922

13
129
82

24
147
76

4
84
48

2
74
44

7
71
41

- 4a 9
- 62.9
-2.7

1922
1922
1922

255
166
166

86
87
172

05
60
57

20
86
45

26
100
32

- 69.5
- 82.8
-4.7

1913
1913
1921

187
74
114

190
74
112

175
69
100

181
70
104

187
70
107

193 +
73 +
110 +

- 18.0

Agricultural L o a n s .
By land banks:
Total closed
.
thous. of dolls._
Federal farm loan banks...thous. of dolls..
Joint-stock land banks
thous. of dolls..
By War Finance Corporation:
With banks and livestock loan
companiesAdvancements
thous. of dolls- _
Repayments
_.thous. of dolls..
Balance
thous. of dolls..
\\ ith cooperative market associationsAdvancements
thous. of dolls..
•Repayments
.thous. of dolls..
Balance..
_
thous. of dolls..
Stocks a n d Bonds.
Stock prices, closing:
25 industrials, average
dolls, per share.
25 railroads, average
dolls, per share.,
103 stocks, average....
dolls, per share.,
Stock sales:
N. Y. Stock Exchange. ..thous. of shares..
Bond sales:
Miscellaneous
thous. of dolls..
Liberty-Victory
thous. of dolls,,
Total
thous. of dolls..

..p. ex. oi par, T/O uoim
industrial
_ p . c t. of par, 4% bond.Comb. price index .p. ct. of par, 4% bond..
5 Liberty bonds
p. ct. of par..
16 foreign government and
city
p. ct. of par..
Lomb. price index, 67 bonds.-p. ct. of par..
Municipal bond yield &
percent..
Gold a n d silver.
Gold:
Domestic receipts at m i n t . . . . f i n e ounces..
Rand o u t p u t . , _ . • .thous. of ounces..
Imports
thous. of dolls-.
A
III-._.IZIthous. of dolls..
g u Exports....

1,389,556
728,640
2,118,196

130,615 1,079,131
454,776
1,531,907

8.8

1913

284

292

228

326

348

401 + 15.4

22.3
37.6
• 27.7

1919
1919
1919

249
45
92

300
32
94

204
33
72

223
28
74

238
29
77

355 + 40.3
39 + 34.4
112 + 45.0

92
89
S8
102

169,750
68,220
237,970

253,394
91,693
345,087

214,185
76,239
290,424

82.73
67.31
64.63
71.99
71.04
98.82

83.59
68.43
66.12
73.09
72.23
99.50

84.46
69.82
68.34
74.43
73.76
99.29

1915
1915
1915
1915
1915
1921

94
93
93
105
97
107

94
92
93
106
96
107

92
88
88
101
02
105

93
88
87
102
92
106

106

03
91
90
104
04
107

99.15
93.03

99.60
93.99

99.22
94.26

1921
1921

109
111

107

108
109

107
109

107
109

108 + 0.0
110 + 0.0

4.37

4.32

4.14

1913

04

93

99

9S

93

90,776
779
32,641
712

74,392
797
45,170
176

60,425
764
32,820
8,472

1913
1913
1913
1913

56
108
498
35

47
104
618
111

60
108
562
17

73
106
749

50 - 18.0
100 + 2.3
851 + 38.4

10

61
106
615
0

1913
1913
1913
1913
1913

91
263
132
107
114

93
195
132
110
116

98
232
144
106
115

88
176
168
107
119

85
273
182
108
121

94
198
155
106
122

Production
thous. of fine oz..
4,748
Imports
thous. of dolls..
8,172
Exports
thous. of dolls..
9,521
Price at New Y o r k . . " "dolls, per fine oz~
• 647
^nce at London...pence per standard o z . J 33.375
"Revised.




143,232

3.0
3.6
3.2

5,221
5,928
8,121
.634
33.549

5,190
5,825
6,921
.657
31.028

661,650
5,336
184,977
35,204
35 501
41,739
37,567

+
+
+
+
35,978
51,348 +
55,328 +

662,383
5,412
236,015
7,529

0.1
1.4
27.6
78.6
1.3
23.0
47.3

• As of first of following month.

no

93

07

+
+
+
+
+
+

-

1.1
2.2
2.3
2.0
1.1
0.0

1.0

- 75.3
+ 10.0
- 27.5

- 14,7
- 2.0

+ 0.5

46
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
last quarterly issue of the SUEVKY ( N O . 30)

In many cases February figures are
now available and may be found in the
special table on page 24.

December,
19-23.

January,
1924.

Corresponding
month,
December,
1922, or
January,
1923.

INDEX NUMBERS.

Per
cent
increase

(+)

CUMULATIVE TOTAL
FROM JULY 1
THROUGH LATEST
MONTH.

1922-23 i 1923-24

or decrease

(-)
cumulative

BASE
YEAR
OB
PERIOD.

1923-24
from
1922-23.

1922

1923

Per
cent
increase

(+)

1924

or de-

Dec. Jan.

Oct. Nov.

Dec.

from
Dec.

Jan.

FOREIGN EXCHANGE RATES.
Europe:
England
dolls, pei £ sterling.
France
dolls, per franc.
Italy
dolls, per lire.
Belgium
..dolls, per franc.
Netherlands
dolls, per guilder.
Sweden
dolls, per krone.
Switzerland
dolls, per franc.
Asia:
Japan-..
dolls, per yen.
India
dolls, per rupee.
Americas:
Canada
dolls, per Canadian doll.
Argentina
dolls, per gold peso.
Brazil
dolls, per milreis.
Chile
dolls, per paper peso.
General index foreign eich
index number

4.36
.053
.043
.040
.380
.263
.175

4.26
.047
.043
.042
.374
.262
.173

4.65
.067
.049
.061
.396
.269
.188

Par. val.
Par val.
Par. val.
Par. val.
Par. val.
Par. val.
Par. val.

.470
.310

.449
.305

.487
.317

Par val.
Par. val.

.976
.723
.093
.107

.974
.737
.109
.104

.991
.847
.114
.128

Par.
Par.
Par.
Par.
Par.

288,06!

295,549

93,351
13,153
13,688
8,778
28,987

88,018
10,818
11,245
5,992

68,080
35,936

val.
val.
val.
val.
val.

95
38
26
34
99
101

96
35
25
31
93
100
97

24
23
22
93
93
90

23 i 23
26 i 25
97
95
99
93
91

- 2.3
- 1L3
0.0
- 8.7
- 1.6
- 0.4
- 1.1

90 63 -

63

97
76
34
53
59

100
89
37
64
70

44-

4.5
1.6
0.2
1*9
17.2
2.8
1.7

U . S. FOREIGN TRADE.
Imports.
Grand total
thous. of dolls.
By grand divisions:
EuropeTotal
thous. of dolls.
France...
thous. of dolls.
Germany
thous. of dolls.
Italy
thous. of dolls.
United Kingdom
thous. of dolls.
North AmericaTotal
thous. of dolls.
Canada
thous. of dolls.
South AmericaTotal
thous. of dolls,,
Argentina
thous. of dolls..
Asia and Oceania—
Total,....
thous. of dolls.
Japan
thous. of dolls.,
Africa, total
thous. of dolls..
By classes of commodities:
Crude materials for use in
manufacturing
thous. of dolls.
Foodstuffs in crude condition
and food animals
thous. of dolls.
Foodstuffs partly or wholly
manufactured
thous. of dolls.
Manufactures for further use
in manufacturing
thous. of dolls.
Manufactures ready for
consumption
thous. of dolls.
Miscellaneous
thous. of dolls.

329, 254 2,022,593

1,999,799 - 1 . 1

197

220

206

195

193

108 + 2.6

1913
1913
1913
1913
1913

135
102
70
195
137

144
123
90
186
14S

147
138
102
201
145

130
110
87
234
122

130
114
89
103
128

122
93
73
130
136

+ 6.4

±\ll

- 6.7
- 17.8
- 17.8

103,575
14,275
13,789
8,597
33,579

653,291
89,391
78,917
45,282
235, 090

84,040
94,820
51,991
199,290

75,197
31,948

71,445
30, 597

499,072
243,041

517,105
249,134

1913
1913

206
312

220
258

2C8
320

226
325

210
303

231
270

36,601
4,256

37,967
4,"

41,455
11,676

243,487
62, 793

235,576 - 3.2
37,994 - 39.5

1913
1913

237
450

251
548

224
248

211
172

222
200

230 l
192 !

82,441
32,844
7,593

82,680
34,812
11,686

95,050
31,041
17,729

577,966
231,114
48,778

575,781 - 0.4
209,361 - 9.4
38,074 - 21.9

1913
1913
1913

310
402
461

361
376
896

288
296
144

321
349
256

313
39S
384

314
a3
422 . 6.0
591 4- 53.9

102,783

105,634

139,094

798,130

677,569 - 15.1

1913

246

276

183

194

204

209 4- 2,8

35,434

32,631

28,613

199,085

213,575 + 7.3

1913

170

155

185

218

192

177 -

27,617

38,586

31,269

223,585

253, 670 -f 13.5

1913

159

189

291

216

167

234 4-39.7

58,032

64,650

382,582

383,778 + 0.3

1913

205

228

203

179

191

205 4- 7.2

58,029
2,637

63,935
1,693

405,509
13,702

453,539 + 11.8
17,668

1913
1913

153
142

186
137

214
222

186
232

189
263

169 - 10.5
214 - 18.8

335,417

2,346,591

2,617,531

11.5

1913

166

162

194

193

206

191

-

189,712
23,286
26,086
15,489

1,276,309
172,225
175,419
112,488
526,280

1,347,590
175,173
214,004
107,932
586,599

4-5.6
4- 1.7
+ 22.0
- 4.1
4- 11.5

1913
1913
1913
1913
1913

149
195
84
244
163

152
182
89
236
170

172
248
112
292
181

174
245
97
278
203

197
234
110
303
250

162
180
140
257
172

- 17.7
-22.8
+ 26.5
- 15.0
-31.0

78,293
48,832

584,623
377,485

622,053
363,215 -

6.4
3.8

1913
1913

170
157

156
145

179
154

169
136

160
135

&8
149
121 - 10.1

21,326
9,217

144,808
59,841

157,958 + 9.1
62,937 + 5.2

1913
1913

181
215

175
201

179
188

192
201

157
137

196 4-24.1
196 4-42.0

308,705
453,382 4- 46.9
115,869
201,408 4- 73.8
32,145
36,549
13.7
2,311,062 2,573,802
11.4

1913
1913
1913
1913

268
3S7
157
166

240
257
186
162

398
530
195
193

405
674
193
193

440
721
208
203

502 + 14.2
915 4-20.8
292 + 40.3
191

882,809 4- 32.2

1913

177

159

236

251

285

207 - 27.2

1913

184

171

154

102

105

98 - 7.3
220 + 4.6

64,855
3,248

+ 28.9

Exports.
Grand total, including
reexports
thous. of dolls.
426,799 395,170
By grand divisions:
EuropeTotal
thous. of dolls.
246,335 202,671
France
thous. of dolls.
29,977
23,128
Germany
thous. of dolls.
32,395
40,966
Italy
thous. of dolls.,
19,839
16,858
United Kingdom
thous. of dolls.
122,995
84,863
North AmericaTotal
thous. of dolls_.
80,064
74,581
Canada
thous. of dolls,.
45,340
40,750
South AmericaTotal
.thous. of dolls..
19,230
23,874
Argentina
thous. of dolls
6,308
8,959
Asia and OceaniaTotal
thous. of dolls..
76,155
87,004
Japan
thous. of dolls..
37,571
47,637
Africa, total
thous. of dolls
5,016
7,039
Total, domestic exports only...thous. of dolls"
421,148 389,054
By classes of commodities:
Crude materials for use in
manufacturing
thous. of dolls
182,423
132,749
Foodstuffs in crude condition
and food animals
—.tbous of dolls
14,874
13,792
Foodstuffs partly or wholly
manufactured.
thous. of dolls..
56,727
59,319
Manufactures for further use
in manufacturing
thous. of dolls..
50,881
54,627
Manufactures ready for
consumption
thous. of dolls.. 115,656
127,928
Miscellaneous
thous. of dolls ,
587
639




- 3.1
- 6.0
+ 20.2
+ 14.8
- 15.2

1913

41,606
13,362
4,479
330,777
102,073

667,805

24,218

282,754

135,453 - 52.1

50,742

338,234

345,649 4- 2.2

1913

183

188

189

194

210

43,235

252,352

340,617 4- 35.0

1913

10S

131

139

143

154

109,618
891

765,592
4,325

865,643 4- 13.1
3,631

- 16.0

1913
1913

175
119

168
132

190
85

182
141

178
87

-

31.7

7.9

7.4

165 4- 7.4
10.6

196
95

47
TREND OF BUSINESS MOVEMENTS—Continued.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SUBVEY 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
last quarterly issue of the SURVEY ( N O . 30). December,
1923.
In many cases February figures are
now available and may be found in the
special table on page 24,

NUMERICAL

Corresponding
month,
January, Decem1924.
ber,
1922, or
January,
1923.

DATA.
CUMULATIVE TOTAL
F R O M JULY 1
THROUGH LATEST
MONTH.

1922-23

1923-24

INDEX NUMBERS.

Per
cent
increase

(

1?

or decrease
(-)
cumulative
1923-24
from
1922-23.

BASE
YEAR
OR
PERIOD.

1922

1924

1923

Dec.

Jan.

Oct.

Per
cent
increase

Nov. Dec.

Jan.

or decrease
from
Dec.

TBADE AND INDUSTRY OF FOREIGN
COUNTRIES.
United Kingdom.
Imports (value):
Total
thous. of £ sterling.Food, drink, tobacco.thous. of £ sterling..
Raw material
thous. of £ sterling..
Manufactured articles.thous. of £ sterlings
Exports (values):
Total
thous. of £ sterling..
Food, drink, tobacco.thous. of £ sterling. .
Raw material
thous. of £ sterling..
Manufactured articles.thous. of £ sterling..
Reexports (values):
Total
thous. of £ sterling..
Food, drink, tobacco.thous. of £ sterling..
Raw material
thous. of £ sterling..
Manufactured articles.thous. of £ sterlingExports of key commodities (quantities):
Cotton piece goods
thous. of sq. y d s . .
Woolen and worsted
tissues
thous. of sq. y d s . .
Iron and steel
thous. of long t o n s . .
Coal
thous. of long t o n s . .
Production:
Pig iron
thous. of long t o n s . .
Steel ingots
thous. of long t o n s . .
Coal
thous. of metric t o n s . .
Stocks, zinc
short t o n s . .
Employment: Trade-unions . p . ct. employed..
Production:
Zinc

109,189
47,018
39,959
21,632

101,258
40,739
39,208
20,960

99,700
47,398
30,288
21,707

616,616
285,942
199,645
139,007

660,165 +
-h
209,070 +
151,487 +

64,115
4,430
10,056
48,012

64,235
4,515
9,530
48,782

66,939
3,364
9,372
53,135

435,674
65,217
341,006

448,884
28,971
72,636
339,157

10,397
2,627
5,063
2,689

13,311
3,236
6,920
3,141

9,798
1,687
5,938
2,172

57,904
10,237
32,571
15,052

323,551

354,000

400,598

19,134
355
5,874

22,656
338
5,441

22,280
354
5,647

117,933
2,217
42,662

627
653
21,872
1,333
90.3

632
690
20,915
1,219

568
624
24,020
441
86.3

156,867

15,201

15,366

11,739

65,456
124,916

70,355

68,086
65,635

469,860
632,645

507,600 +
670,142 +

5,334
8,036
57,378

5,228
2,278
12,322

2,239
3,142
9,740

60
41
1,518

64
41
1,339

140,892
1,775
21,410

8,300
21,545
50,510

7.1
3.8
4.7
9,0

1913
1913
1913
1913

148
175
138
123

156
196
129
135

156
185
131
147

194
137
138

170
194
170
134

158
168
167
130

7.3
- 13.4
1.9
3.1

+ 3.0
+ 40.0
+ 11.4
- 0.5

1913
1913
1913
1913

135
103
163
131

153
124
161
155

163
176
199
157

150
172
182
144

146
163
173
140

147
166
164
142

+
+
+

0.2
1.9
5.2
1.6

68,064 + 17.5
17,096 + 67.0
+ 3.5
17,207 + 14.3

1913
1913
1913
1913

93
105
93
86

107
127
111

122
251
96
110

111
213
91
100

114
198
95
110

146
243
130
128

+
+
+
+

28.0
23.2
36.7
16.8

2,734,028 2,392,386 - 12.5

1920

98

108

100

95

87

+ 13.0
+ 10.2
+ 5.7

1920
1913
1913

79
82
97

100
86
92

75
94
122

77
95
109

86
86
96

102
82

+ 18.4
4.8
7.4

+ 28.5
+ 20.9
+ 2.2

1913
1913
1913
« 1920
1913

62
85
91

66
110
106
5
91

70
117
104
6
91

73
102

74
108
86
5

+
0.8
+
5.7
4.4
- 16.7

1920

168

152

180

184

196

199 + 1.1

8.0
5.9

1913
1913

126
357

122
209

136
322

129
442

117

23,706
102,231
173,625

33,583 + 41.7
104,584 + 2.3
192,352 + 10.8

1913
1913
1913

170
68
485

127
24
116

475
171
347

478
122
766

304
62
685

119 + 1.5
224 - 43.7
298 - 2.0
16 - 71.7
147 - 78. 5

41
48
1,295

234
360
9,355

'510 +117.9
449 + 24.7
10,602 + 13.3

1913
1913
1913

43
54
194

49
55
167

77
282

74
63
239

71
47
196

76 + 6.7
47
0.0
173 - 11.8

8,450
15,904
13,536

185,650
53,519
45,229

248,342 + 33.8
40,391 - 24.5
106,103 +134.6

1913
1913
1913

3,246
130
168

191
165
219

908
21
2S0

204
18
123

3,186
18
347

Jan., '20

86.3

89.5

98.8

95.7

88.7

90.6 + 2.1

138
147
61
155
164

148
139
92
150
31

170
166
160
182
94

165
163
159
187
49

142
148
120
172
67

14.8
163
159
7.3
131 + 9.1
170 - 1.2
20 - 69.6

133,243
2,443
45,081
4,264
4,697
160,385

90
5
92

Belgium.
short t o n s . .

Canada.
Total trade:
Imports
thous. of dolls..
^ Exports
thous. of dolls..
Exports of key commodities (quantities):
Canned salmon
thous. of pounds..
Cheese
thous. of pounds..
Wheat
thous. of b u s h s . .
Production:
Pig iron
thous. of long t o n s . .
Steel ingots
thous. of long t o n s . .
Bank clearings
mills, of dolls..
Bond issues:
Govt. and provincial
thous. of dolls_.
Municipal
thous. of dolls..
Corporation
thous. of dolls..
Employment:
Total, 1st of fol'g mo
index n u m b e r . .
Newsprint paper:
Production
„
short t o n s . .
Shipments
short t o n s . .
Stocks
short t o n s . .
_ Exports (total printing)
short t o n s . .
Building contracts awarded....thous. of dolls..

97,327 + 20.6

m

n

95,726
100,624
15,123
94,824
21,507

Nine mouths' average, April to December, inclusive.




109,875
107,966
16,493
93,708
6,539

99,342
94,585
11,614
82,789
9,841

12.3
12.7

669,387
663,502

751,917
747,853

584,965
189,233

680,906 . 16.4
157,470 - 16.8

1919
1919
1919
1919
1913

188
223
819

- 41.1
+ 21.4
+135.9

48
EARNINGS AND HOURS OF LABOR.'
AVERAGE WEEKLY EARNINGS.

AVERAGE
WEEKLY
HOURS.

Male.

Male.
Year and month.

Grand
total.
Total.

Skill- Uned. skilled.

Women,

Nomi-1 Actunal.

Grand
total.

Skilled.

Total.

30.30 !
131.72

95

12.54
2 29.51
23.57
3 24.06
26.25

91
91
91
91

95
95
95
94

30.09
30.10
30.14
30.01

234
223
218

91
91
91

94
91
89

220
208
202
196

205
209
206
204

91
91
91
91

186
184
183
183

193
190
181
182

208
208
202
204

179
182
182

180
183
181
179

185
189
191
196

185
190
192
197

200

198
200

1923.
January..
February..
March
April

200
201
207
212

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

7.84
2 18.27
1G.07
3 15.90
17.40

55.0
2 50.0
49.7
3 50.0
49.9

32.23
32.21
32.30
32.30

33.86
33.83
33. 92
33.94

27.42
27.51
27.68
27.64

19.00
18.86
18.44
18.07

50.0
50.0
50.0
50.0

48.5
48.5
48.4
48.1

29.75
28.63
27.89

32.00
30.93
30.08

33.58
32.47
31.57

27.51
20.44
25.57

18.34
17.45
17.03

50.0
49.9
50.0

47.8
46.4
45.7

80
•79
80
79

25.75
24.96
24.69
24.18

27.96
26.82
26.07
25.38

29.41
28.33
27.54
20.81

23.51
22.24
21.07
21.04

10.03
16.38
16. 16
15.90

49.9
50.0
49.8
49.9

44.1
43.8
44.0
43.8

91
90
90
90

80
80
81
82

23.45
23.12
22.75
22.82

24.95
24.62
24.32
24.35

26.35
26.01
25. 91
25.91

20.66
20.38
19.34
19.45

16. 34
16. 28
15.80
15.99

49.8
49.5
49.5
49.5

44.1
44.3
44.5
45.0

204
205
202
204

90
90
90
90

82
84
.. 84
85

22.62
22.99
22.71
22.84

23.89
24.18
23.94
24.12

25.3S
25.72
25.44
25.77

19.33
19.5S
19.35
19.18

15.96
10.06
15.82
15.97

49.6
49.6
49.6
49.7

45.1
46.4
46.1
46.8

184
185
190
195

196
195
202
207

91
91
91
91

8G
87
87
89

22.75
23.36
24.04
24.16

24.59
25.09
25.46
26.09

20.21
26.85
27.15
27.83

19.72
19. 80
20.39
20.89

15.36
15.32
15.82
10.21

50.0
50.0
49.9
50.0

47.5
48.0
47.9
48.8

199
201

196
199

211
213

91
91

89
89

24.92
25.12

26.33
26.60

2S. 11
2S.40

20.99
21.31

16.52
16.70

50.0
50.1

49.1
49.3

200
201
207
214

201
202
208
215

197
193
201
211

214
214
218
222

91
91
91
91

89
89
90
90

25.08
25.24
25.64
26.64

26.58
26.73
27.47
28.44

28.43
28.57
29.48
30.39

21.06
21.22
21.49
22.57

16.81
16.76
17.06
17.43

50.2
50.1
50.2
50.1

49.2
49.1
49.4
49.5

217
216
213
212

219
218
214
213

220
218
214
211

217
216
215
218

231
229
222
225

91
91
91
91

89
89
87
87

27.25
27.12
26.66
26.67

29.17
28.97
28.52
28.31

31.12
30.90
30.35
29.92

23.19
23.14
23.04
23.31

18.14
17.94
17.44
17.66

50.2
50.2
49.9
49.9

49.1
48.8
48.2
43. 0

213
216
203

216
218
217
215

215
218
217
214

216
217
215
213

225
220
224
222

90
90
90
90

87
87
87
86

26.74
27.14
26.99.
26.94

28.67
28.99
28.81
28.53

30.41
30.81
30.73
30.29

23.17
23.25
23.02
22.86

17.00
17.69
17.59
17.39

49.5
49.6
49.5
49.7

47.7
48.0
47.8
47.4

188
3 192
209

100
2 253
191
U92
211

100
»233
205
3 204
223

100
'91
90
3 91

1920.
June
July
August.___.-.__.
September

240
240
240
239

242
242
243
243

239
239
240
240

256
257
258
258

243
241
235
238

October....
November..
December..

237
228
222

241
233
226

237
229
223

257
247
239

1921.
January...
February.,
March
April

205
199
197
193

210
202
196
191

208
200
194
189

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

187
184
181
182

188
185
183
183

September..
October
November..
December..

ISO
183
181
182

180
182
180
181

1922.
July
August
September..
October

181
186
192
193

November..
December..




Hours.

10.71
»27.11
20.48
'20.53
22.61

100
2 235
188
3 194
213

Aver

Actual.

11.16
i 33. 31
20.55
' 27. 42
30.12

3 238
188
3193
213

3

Women. |

Numerical data.

Index numbers.
July
monthly average,.
monthly average.,
monthly average..
monthly average..

Unskilled.

Dollars.

Eelative to July, 1914.

1914,
1920
1921
1922
1923

AVERAGE
WEEKLY
HOURS.

AVERAGE WEEKLY EARNINGS.

100
2 235

100

91

100
2 93

1

25.05
3 25.69
28.27

51.1
47.(i
44.8
»48.4
4S.5
J

I

ISO

49

GASOLINE.1
[Base year i n bold-face type.]

Production.

Exports.*

Domes- Stocks, Trice,
tic con- end of motor,
sump3
New
tion. month. York.*

Domestic
Produc- | Exports.* consumption.
tion.

i

Year and m o n t h .
Relative '
to 1913.4 I

Relative to 1919.

Stocks,
end of
month. 1

Dollars
per gallon.

Thousands of gallons.

INDEX NUMBERS.

Price,
motor,
New
York.*

NUMERICAL DATA.

j 1917 monthly average..
I 1918 monthly average..
! 1919 monthly average-1920 monthly average..

72
90
100
123

113
153
100
173

76
91
100
124

73
82
100

141
144
146
174

237,546
297,526
829,821
403,879

46,92(5
80,667
52,979

218,420
2C0,772
286,234
354,225

343,946
380,202
472,411
464,4S5

$0,233
.242
.245
.293

1921 monthly average-.,
! 1922 monthly average...
| 1923 monthly average,.,

130
157
191

143
157
228

131
156
195

134
167

155
149
123

429,462 .
516,853 !
629,662 !

43,817
48,295
69,801

376,336
417,674
557,086

630,757
785,189
1,126,643

.261
.251
.207

1921.
September
October
November
December

126
134
131
133

114
154
150
117

153
159
122
109

109
97
105
124

143
146
156
100

416,913
440,956
431,887
439,031

35,055
47,116
45,807
35,990

433,084
454,996
350,548
313,016

515,326
456, 270
495,590
586,087

.240
.246
.2C3
.270

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

135
121
143
143

10'?
124
172
189

99
92
133
135

149
171
181
189

156
146
143
147

444,623
398,223
472,278
472,920

49,856
38,170
52,814
58,007

282,717
262,926
380,407
'385,231

705,711
807,379
854,232
892,568

.263
.245
.240
.248

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

150
159
173
167

182
170
191
117

175
177
193
204

181
175
164
149

159
160
160
149

513,659
525,941
5C9,711
549,958

55,824
53,835
58,631
36,010

499,724
506,059
566,099
583,688

856,607
824,960
772,909
703,738

.208
.270
.270
.250

September..
October
November..
December..

163
172
172
177

146
139
136
154

177
171
165
152

146
153
16i
187

149
146
143
136

536,492
56C, 279
567,101
585,050

44,846
42,757
41,572
47,223

507,924
490,393
471,616
434,400

690,051
723,584
776,724
883,793

.250
.245
.240
.228

1933.
; January..
• February.
•: March
April
:

189
172
191
188

191
218
223
214

160
133
156
170

212
239
207
283

131
137
146
143

623, 723
568, 652
630,701
619,043

58,505
66,968
68,500
65,655

456,967
380,093
446,460
485,719

1,002,857
1,130,341
1,259,209
1,336,418

.220
.231
.245
.240

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

192
193
193
197

232
230
263
250

204
221
235
242

281
267
247
223

175
128
126
119

031,705
636,734
636,912
648,955

71,153
70,398
76,658

5S2,536
633,505
674,019
692,154

1,328,533
1,263,583
1,165,389
1,053,856

.220
.215
.213
.200

SeptemberOctober....
NovemberDecember..

189
200
187
200

236
269
175
230

229
217
188
181

206
200
209
228

114
110
101
92

623,733
659,061
617,558
659,169

72,352
82,504
53,656
70,565

655,793
621,173
538,309
518,305

972,705
946,873
985,046
1,074,900

.191
.185
.170
.155

211

280

174

255

695,323

85,946

493,161

1,202,647

.165

34,670

1984.
January..,
February.,
March
April
_ x Production,
Domestic Co
2

"Expo
merce, less exportsTo Vho"Philippine Islands.
* Stocks held by refiners.
4
The index of gasoline prices is relative to the 1913 monthly average, $0,168 per gallon.




S. Department of Commerce, Bureau of Foreign and
•
* '* "-eau of Labor Statistics.
" S. Department of Com-

50

CRUDE PETROLEUM.1
[Index n u m b e r s for base year i n bold-faced type; numerical data o n opposite

CONSUMPTION.

STOCKS.
Production.*
Year and m o n t h *

Total JNumber Imports,

Total
for com-1 at refin- of days'
;parlson.s eries. supply.*

Relative to 1913.
I 1913 monthly average.
1914 monthly average.
1915 monthly average.
1916 monthly average.
1917 monthly average.
1918 monthly average.

100
107
113
121
135
143

Relative to 1913.

Relative to 1919.

100
118
139
138
122

Total.

38
91

137
109

too

Price,
OU
MexiKansas- wells
can
OklacomshipBun to homa, pleted. ments^
stills. at wells.

87
90

1OO
86
62
135
190
235

1OO
87
48
98
87
93

1OO
82
127
154
213
246

160
201
201
226
272

1OO
120
123
138
161

244
364
182
193
154

110
127
77
91
85

337
594
699
724
563

1OO
97
102
115
169
212

1OO
100
104
122
144
158

297
610
704
715
461

152
178
189
224
292

105
127
152
234
285

100
114
138
221
214

79
96
132
129

1021.
September.,
October
November.
December..

178
173
184
204

165
166
170
177

120
123
146
178

107
103
100
103

616
784
876
929

191
208
211
220

118
126
120
130

107
166
228
241

49
47
56
70

817
776
814

January...
February.
March
April

211
200
228
218

187
199
211
225

205
178
210
219

116
128
126
149

883
814
944
786

207
183
217
189

128
114
130
127

241
241
241
241

72
72
83
91

851
7S1
800
864

May
June
July....
August..

227
223
228
227

235
244
249
250

238
242
23G
228

13G
137
140
133

945
821
707
693

224
222
233
252

141
139
147

145

241
241
206
134

95
104
113
107

861
786
791
642

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

221
234
232
245

251
253
252
252

225
219
219
226

138
133
127
123

6 324
679
501
483

221
258
249
261

141
147
147
155

134
134
134
134

99
87
91
75

520
648
560
567

251
232
273
283

256
256
259
264

200
1S8
208
210

128
122
117
120

492
'418
543
446

247

^ 237
276
266

155
142
155
155

145
185
198
195

76
69
78

554
471
612
587

May....
June
July
August..

299
301
315
318

271
281
290
296

211
212
225
229

128
135
130
126

404
404
466
511

264
253
279
297

159
159
169
166

163
155
155
155

118
115
109
92

570
553
561
603

September.
October
November..
December..

312
323
323
284

302
310
318
321

219
225
221
223

131
136
141
141

406
460
410
567

283
290
277
290

162
169
167
170

144
133
112
109

80
72
63
56

523
534
555
628

January
February.
March
April

272

319

227

141

425

287

170

133

1919
1920
1921
1922
1923

monthly average.
monthly average.
monthly average.
monthly average.
monthly average.

January..,
February.
March
April

1933.
7

459

See footnotes on opposite page also
in CaBtornta, and stocks of Mexican petroIeSn SlidI by J ^ f f i S B^idmikS wl&. j S , ^ ' i ^ ? ' ^include pipe-line stocks and tank-farm stocks, producers' stocks
y. but the imported stocks reported b y W S S S u " ofMtaShi™ been^SrtS'tJ?%otr?)p?d ? U . and ^Ported oil at refineries have not been reportedI byU»
the method of computation reduced theJanua^ 1923, t o S f f ^ ^ ^
u£
CT4^1^"^^S^'^£™
S S S k T l f f f i ^ , 2 6 3 ^ ' ? 0 0 " ^ an •*«« negligible-difference Beginning w,«j ^ ^
taafXgt




51
CRUDE PETROLEUM.1
r In bold-faced type* index numbers on opposite page.]
CONSUMPTION.

STOCKS.
Production.*

Tear and month.

Tank
Total
Total ttt
for com- a nIarins
d pipe refinparison^
eries.
lines.
Thousands of barrels.

imports.
dumber at1
days
supply.*

to
Total. iiun
stills.

Thousands of barrels.

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly

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

20,704
22,147
23,425
25,064
27,943
29,661

104,962
123,709
145,914
144,556
128,201
103,886

5,682
13,526

1019 monthly
1920 monthly
1921 monthly
1922 monthly
1923 monthly

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

31,531
36,911
39; 137
46; 461
60,475

110,026
133,115
159; 237
245,673
299; 359

September—_^
October
_.
November^
December.....

36,763
35,832
38,108
42> 173

1922;
January
February
March
^...
April
_.

Price,
Kan*
Off
saswells
Okiahoma, completed.
at
tvells.

Shipments/*

Per
barrel.

Number
of wells.'
1,692
1,389
763
1,565
1,383
1,487

2,150
1,766
2,743
3,318
4,608
5,319

Tarnplro
Hld

Thousands of
barrels.

150
126

1,484
1,437
1,512
1,714
2,514
3,144

21*808
21,774
22,772
26,549
31,478
34,423

26,261
27,160

$0,934
.793
.583
1.258
1.775
2.197

14,935
10,964
20,651
32,932
32,023

116
92
111
153
150

4,401
9,054
10,442
10,609
6,835

34,873
43,732
43,748
49,370
59,228

30,127
36,160
36,947
41,725
48,436

2.279
3.404
1.704
1.806
1.439

1,747
2,024
1,218
1,445
1,357

f
7,2S0
12,814 j
15,093 ;
15,611
12,147

172,874
174,149
178,260
185; 623

17,991
18,404
21,856
26,562

124
119
116
120

9,139
11,635
12,994
13,753

41,702
45,314
45,987
47,905

35,614
37,968
37,212
39,223

1.000
1.550
2.125
2.250

752
899
1,108

17,634
16,746
17,571
19,397

43,696
41,314
47,188
45,167

196, 228
208,851
221,588
235; 962

30,636
26,580
31,298
32,752

135
148
146
173

13,107
12,077
14,004
11,059

45,193
39,933
47,369
41,258

38,582
34,423
39,094
38,364

2.250
2.250
2.250
2.250

1,151
1,143
1,323
1,442

18,361
16,852
:7,274
18,663

May
June—
July....
August .

47,022
46,087
47,134
47,059

247,093
255,817
261,395
262,707

35,470
36,178
35,287
34,030

158
159
162
154

14,018
12,182
10,493
10,279

48,846
48,449
50,877
54,984

42,562
41,805
44,378
43,817

2.250
2.250
1.925
1.250

1,511
1,654
1,798
1,709

18,587
16,977
17,068
13,S68

September..
October
November.,
December..

45,805
48,410
48,027
50,642

263,761
265,073
265,017
264,578

33,615
32,766
32,765
33,805

160
154
147
143

6

48,166
56,159
54,363
56,845

42,534
44,234
44,203
46,709

1.250
1.250
1.250
1.250

1,572
1,388
1,450
1,197

11,367
13,9S9
12,085
12,240

1933.
January
February
March
April

51,941
48,130
56,461
58,528

268,333
268,946
271,781
276,914

258,059
260,026
263,310
268,925

29,914
28,113
31,133
31,343

53,902
51,681
60,207
58,019

46,825
42,672
46,819
46,710

1.350
1.725
1.850
1.825

1,208
1,091
1,248
1,521

11,960
10,175
13,222
12,682

July....
August.

61,858
62,340
65,273
65,793

284,505
294,741
303,980
310,714

277,785
288,406
298,172
305,342

31,511
31,718
33,581
34,271

149
157
151
146

5,995
5,996
6,915
7,580

57,669
55,117
60,875
64,661

47,973
47,969
50,926
50,015

1.525
1.450
1.450
1.450

1,871
1,830
1,733
1,465

12,297
11,043
12,119
13,019

19,023
19,556
20,743

September..
October
NovemberDecember..

64,686
66,971
64,829
58,892

316,893
325,646
333,936
336,556

312,668
321,972
331,077
333,053

32,753
33,669
33,012
33,259

152
158
164
163

6,021
6,825
6,085
8,417

61,789
63,177
60,412
63,230

48,812
50,904
50,364
51,249

1.345
1.238
1.050
1.015

1,278
1,140
1,007
8S7

11,282
11,529
11,974
13,563

23,653
23,758
23,005
22,513

56,354

334,999

331,496

33,873

164

6,303

62,6S6

51,244

1.244

1921*

May

1921.
January
February
March..
_
April

7

148
141
136
139

4,812
10,082
7,429
7,166

7

7,307
6,199
8,058
6,617

7

9,911

24,131 1

See footnotes on opposite page also.
Represents production transported from field of production, does not include oil consumed at locality of production.
Figures for earlier years adjusted to represent approximate net stocks to conform with data for current montns.
4
Based on total for comparison through December 1922, and on stocks at tank farms and pipe lines since January, itf-j.
c
petroleum
from
the three
Tampico,
Port
andremaining
Tuxpam, form
the best
current
oil
•* Mexican
uovers first
21 days shipments
only, during
which
periodports,
the old
tariff law
wasLobos,
in etiect;
nine uays
mwu^
" *"measure
" ^ w " " - ofn Mexican
.
,„ r n n c i l , , i r f . „ n . „
nlv - ^
m production
. 7a Imports
of crude
petroleum
beginning
exclude
on this
basis the
January,
1923, imports
were_onl> «»W9,000 barrel*_ Cotmiaii.tion. wilea
Covers first
21 days
only, during
whichFebruary,
period the1923,
old tariff
lawtopped
was inoil;
effect;
remaining
nine
days included
in uctoDer.
Jated on the new basis was 56 210 000 barrels jn January, 19^3, while day's supply was 140 at the end of December, 1922f and 138 at the end of January, rj2J, on this basft
a

3




52

OTHER PETROLEUM PRODUCTS.
[Index numbers for base year In bold-faced type; numerical data on opposite page.)
KEROSENE OIL.

Year and month

Consumption.

GAS AND FUEL OIL.
Price,e
I50
water
wliite.

1917 monthly average
1918 monthly average
1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1923 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
December
January
February
March
April

September
October
November
December
1924
January.
February
March
April




See footnotes on opposite page.

Price, Pa,,1
36-40,
at refineries.

LUBRICATING OIL.
Con-

sump
tion.

Price,
Pa.,600
filtered
"D" at
refineries.

53
OTHER PETROLEUM PRODUCTS.1
[Base year In bold-faced type: Index numbers on opposite page.]
KEROSENE OIL.

Tear and month.

Consumption.

Production.

Stocks.

Thousands of gallons.

. 1917 monthly aver age ...

GAS AND FUEL OIL.
Price,
150°
water
white.
Dolls,
per gal.

Produc- j

Con-

i

133,501
152,113
195,156
193,341

120,546
116,158
115,789

* 521,273
405,203
300,582
379,472

.124
.170
.200
.263

1921 monthly average. _
1922 monthly average- .
1923 monthly average—

162,094
192,194
195,745

103,378
121,991
124,378

402,522
301,542
261,657

.243
.208
.214

805,318
892,186
1,006,183

684,796
840,034
914,857

1921.
January
February
March
April

205,375
163,082
169,248
156,157

100,099
83,434
87,673
84,440

418,748
430,045
446,367
458,66^

.290
.275
.263
.254

836,684
732,542
758,335
813,444

May...,
June
July.__.
August.

145,225
141,637
138,724
143,652

99,487
94,476
123,702
109,089

452,438
435,057
412,202
389,893

.240

September.
October
November.,
December..

154,017
182,454
175,240
170,315

116,001
145,935
93,429
102,772

371,235
334,580
340,026
341,009

.220

January
February
March...!
April

172,917
167,220
178,785

104, 111
100,570
106,819
94,459

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

173,824
173,650
192,924
184,3S3

September.
October
November..
December..

524,036
610,116 |
635,607
738,454

Price*
Pa.,
36-40
at
refineries.

Stocks.

Thousands of gallons.

1918 monthly average-.
1919 monthly average __
1920 monthly average.-

LUBRICATING OIL.

Dolls.
| per gal.

Stocks.

Thousands of gallons.
1

Price
Pa.,
GOO*
filtered
"D" at
refineries.
Dolls,
per gal.

.052
.123

60,137
70,122
70,563
87,226

48,379
47,598
51,512

122,526
144,521
101,491
137,212

'.363
.617

1,164,926
1,438,811
1,369,624

.050
.052
.057

73,155
81,563
91,447

44,189
52,342
61,662

231,172
230,678
229,493

.285
.241
.232

634,545
582,363
668,973
670,780

921,028
993,127
1,005,318
1,056,485

.079
.001
.048
.054

85,909
72,432
73,003
76,457

24,559
24,080
36,359
27,435

183,813
201,628
223,414
249,593

.570
.468
.355
.244

817,368
826,355
807,428
784,450

658,254
668,754
707,510
715,483

1,163,389
1,248,664
1,269,419
1,243,446

.048

.033

70,000
63,0S9
65,893
66,473

41,805
48,653
49,121
63,319

261,760
260,883
258,038
242,530

.250
.ISO
.180
.170

.240

788,408
833,775
799,257
865,769

710,988
754,075
710,577
735,248

1,229,254
1,238,269
1,279,451
1,331,265

.037
.014
.069
.054

69,053
75,971
77,005
82,573

61,050
57,520
37,864
58,502

230,227
216,770
228,038
210,766

.178
.215
.296
.286

327,484
331,423
321,428
325,836

.218
.210
.210
.202

858, 111
761,085
849,106
791,643

805,568
707,279
851,170
710, 111

1,319,481
1,321,589
1,250,278
1,282,801

.045
.049
.045
.045

74,314
69,123
73,391
72,945

14,495
37,178
55,844
41,440

245,231
253,568
236,886
237,230

.220
.214
.245
.245

119,646
103,440
135,096
136,133

318,890
317,574
324,586
285,520

.199
.200
.200
.200

936,742
903,057
959,029
944,259

830,165
840,558
870,475
869,364

1,321,43S
1,326,940
1,358,870
1,306,612

.044
.049
.049
.058

79,848
80,138
91,715
88,824

66,090
53,388
63,466
67,602

226,293
226,004
226,691
220,668

.255
.260
.263
.253

197,935
215,203
234,436
226,239

137,963
145,252
155,709
124,697

270,577
256,259
257,879
281,050

.202
.215
.220
.220

917,858
921,600
891,590
972, 111

847,489
876,475
882,458
989,287

1,364,957
1,368,749
1,352,348
1,304,728

.060
.062
.058
.055

82,057
87,341
89,271
89,785

59,861
57,740
54,508
56,497

214,728
217,775
226,430
235,735

.240
.238
.233
.225

1923.
January
February
March
April

212,448
180,375
190,701
181,948

123,233
121,038
113,019
128,789

275,437
272,763
283,340
273,005

.220
.220
.220
.218

989,376
002,563
970,891
976,766

1,028,718
830,586
029,513
003,703

1,265,074
1,276,876
1,254,122
1,272,978

.061
.004
.065
.064

87,078
77,498
90,745
90,693

49,711
57,268
62,513
62,154

240,690
238,850
235,263
234,700

.229
.246
.279
.275

May
,
June
July
August...,

189,177
179,074
188,226
186,219

134,563
122,709
123,257
131,888

272,672
264,301
269,460
243,618

.210
.210
.205
.205

066,166
97O,'87O
1,053,243
1,010,658

018,766
822,402
001,770
832,005

1,246,662
1,324,025
1,400,814
1,462,182

.060
.052
.050
.040

105,363
05,726
93,961
87,262

74,255
58,575
71,030
69,270

226,289
225,137
224,952
220,419

.265
.234
.225
.213

September
October
November
December...

193,688
191,346
220,811
234,921

117,520
124,568
132,384
119,667

238,024
224,954
239,114
283,106

.205
.210
.220
.220

1,032,591
1,060,800
1,057,932
1,073,337

023,574
1,015,315
03,644
052,330

1,481,204
1,436,591
1,499,926
1,515,035

.051
.059
.105
.056

87,172
88,003
93,120
97,748

62,130
58,943
60,074
53,115

215,013
218,485
231,335
242,785

.196
.200
.210
.315

217, 768

122, 040

314,181

.220

1, 062, 892

077,144

1,527,347

.057

04,535

67,391

244,756

.263

.220
.220
.220

.232
.240

499, G30
573, SOS
650,903

* 621,860
548,985 i
778,396 |
687,858 j

Production.

Consumption.

3

.044
.030

1932,

1924.
January
February
March
April..

I
1
Data from U. S Department of the Interior, Bureau of Mints; except prices from V. S. Department of Labor, Bureau of Labor Statistics; stocks are refiners' holdings
at end of month.
1
Sir months' average, July-December, inclusive.
Average for last 8 months of year.




54
LARD.1
Month.

1916

1913

1917

1919

1930

1931

1933

1933

Average
month.

PRODUCTION (thousands of pounds).2
January...
February..
March
April

129,160
103,978
85,512
84,472

116,113
105,887

149,971
140,641
123,130
119,375

145,409
129,177
128, 886
116,074

181,267
158,557
173,551
179,292

151,145
126,196
125,438
121,020

May.....
June
July....*
August-

91,365
100,489
85,420
54,891

119,545
127,628
104,037
76,452

121,464
135,735
117,322
97,904

130,766
152,193
122,698
113,615

155,449
172, 279
163,300
142,084

123,718
137,665
118,555

SeptemberOctober
NovemberDecember..

50,523
77,689
82,594
109,735

69,804
73,712
83,516
130,219

91, 701
98,404
109, 793
125,157

106, 646
113,465
138,090
170,806

113,261
132, 233
153, 212
191,748

86,387
99,100
113,441
145,533

1,055,828
87,986

1,255,459
104,622

1,430, 597
119, 216

1, 567,825
130,652

1,916,233
159,686

1,445,187
120,432

Total
Monthly average.

149,917

COLD-STORAGE HOLDINGS, END OF MONTH (thousands of pounds).
January
February
March
April
May
June.
July
August

.

September
October
November
December
Monthly average

92,342
111,897
97,237
108,731

86,208
88,460
65,179
61,640

59,310
65,355
89,854
103,373

138,353
125,410
112,469
112,409

97,649
111, 975
132,993
141,819

83,549
117, 690
128,614
152,428

61,202
61,297
86,031
96,055

56, 266
59,101
6G, 743
85,521

84,359
92,448
97,390
107,747

85,113
87,127
95,991
82,028

72,365
95,197
112,249
102,172

106,194
107,871
102,411
104,668

83,096
92,132
100,478
87,947

152,307
193,316
191,531
170,774

181,992
204,301
194,490
149,886

123,798
154,254
143,084
119,755

84,530
123,896
143, 579
115,860

111, 174
132,262
135,477
116,630

71,570
56,929
58,950
80,977

69,929
37,095
44,367
54,539

76,124
81,676
104,274

76,456
66,036
49,147
62,614

109,258
47,329

75,338
36.750
32, 506

59,319

85,115
48,850
42,001
47,541

72,608
35,525
35,317
49,822

81,334
50,580
47,581
63,487

85,741

74,117

90,959

92,212

120,413

119,705

86,573

77, 397

93,373

3

EXPORTS (thousands of pounds).
January...
February..
March
April

34,0-10
41,262
37,146
39,017

65,091
39,558
59,080
45,602

20,706
31,683
68,722
53,885

37,850
68,973
97,239
86,556

38,824
36,645
69,430
40,758

76,185
91,841
82,617
53,275

73,194
75,520
64,377
42,459

107,786
89,055
109,187
85,475

56,710
59,317
73,475
55,978

May
June
July....
August-

48,773
45,862
26,088
22,891

30,621
24,256
9,364
23,553

79,751
29,248
68,600
51,921

55,001
114,329
68,192
49,033

55,545
45,070
47,061
31,021

48,604
67,65,6
83,329
87,411

50,817
57,249
66,053
68,907

93,199
64, 605
69,478
83, 753

57.789
56,034
54,771
52,312

September..
October
November..
December..

32,707
21,242
31,470
46,162

22,145
9,639
30,742
13,070

.33,268
46,025
27,285
37,724

41,017
42,106
63,646

46,326
54,174
57,316
90,080

104,741
56,886
51,855
64,542

61,120
66,332
62, 321
78, 596

83,630
76,378
74,251
98,578

52,612
46,462
47,169
61,580

426,600
35,555

372,721
31,060

548,818
45,735

760,902
63,409

612,250
51,021

868,942
72,412

766,950
63,913

1,035,380
86,282

674,079
56,173

Total
Monthly average.

WHOLESALE PRICE, PER POUND, PRIME CONTRACT, NEW YORK.
January
February.
March
April
May
June
July
August

_

September
October
November
December

_

Monthly average,

$0,104
.103
.113
.121

$0,161
.172
.200
.213

$0. 250
.268
.266
.258

$0,238
.252
.280
.313

$0,241
.210
.210
.200

$0,136
.125
.122
.105

$0,100
.118
.116
.112

$0.118
.118
.126
.120

.171
.179
.180

.131
.131
.131
.137

.225
.212
.201
.227

.248
.245
.264
.269

.342
.347
.351
.306

.208
.206
.191

.097
.102
.121
.119

.119
.121
.117
.113

.116
.117
113
.116

.186
.185
.186
.185

.149
.158
.173
.168

.242
.247
.279
.254

.272
.266
.272
.255

.271
.280
.259
.240

.201
.206
.191
.143

.115
.102
.098
.094

.113
.117
.121
.114

.128
.133
.141
.132

.186
.189
.192
.175

.135

.219

.261

.290

.200

.111

.115

.123

.182

Kepresents toe total production o, Identical firms v/no produced in . ^ a t ^ e r c e n t of the total a d d i n g to the 1921 Census of Manufactures.




55
ILLUMINATING GLASSWARE.1
PRODUCTION.
Ratio to
capacity*

Year and month.

UNFILLED ORDERS.
Finished
stock on
hand.

Shipments* Net orders*
Total.

Per cent.

To make.

To ship.

8,016
» 14,199
7,865
7,483

8,352
»0,4.r»G
7,922
8,001

M l , 472
6,811
5,521
5,246

Turns.*

1933.
March.,
April 3..
May
June....
July....

51.9
»48.1
53.6
43.6

2,856
a 3,976
2,884
2,304

3,0S3
3 4,209
2,800
2,680

3,156
»4,425
2,841
2,423

1G,3GS
»23,655
15,786
15,544

August
September K.
October
November. __
December...

30.4
3 49.3
59.2
57.3
51.7

1,926
3 3,904
2,999
2,913
2,620

1,992
3 3,696
3,137
3,080
2,429

2,020
»3,62G
2,643
2,698
2,227

14,782
3 22,733
14,108
14,185
15,276

7,282
* 11,202
7,298
8,665
10,030

51.5
52.2

2,609
2,648

2,118
2,294

2,102
2,333

15,457
18,068

10,134
12,857

7,500

1924.
January. _.
February..

5,322
5,210

1
Compiled by the Illuminating Glassware Ouild from reports of identical firms, representing from 70 to 75 per cent of the capacity of the industry, based on a normal
capacity of 6,000 turns. These figures are summarized from biweekly reports of the association, the two reports most nearly coinciding with each month being taken, eicept
where
three periods are indicated by a footnote.
3
A turn is a 4i-hour period of time for one shop crew of men consisting of a blower and his various helpers. Orders are reduced to a turn equivalent on the basis of
past experience by each individual company.
a Includes three biweekly periods instead of two.

NEWSPRINT IN HANDS OF PUBLISHERS.
(As compiled by American Newspaper Publishers' Association from reports of 420 identical newspapers.)
1024

1923
June.

July.

August.

September*

October.

November.

December.

January.
(])

Tons.
On hand, first of month
Received
Used
Sold
On hand end of month
in transit* end of Tnonth
Total stocks, end of month

-~ -_

Days* supply (based on consumption) __
1

414 newspapers reporting.




133,312
144,734
126,565
2,266
149,169
35,505
184,674

149,519
135,446
117,470
1,726
165,644
31,183
196,827

165,046
139,292
116,073
1,487
186,777
35,483
222,260

187,831
126,452
121,941
2,106
190,238
32,537
222,775

190,398
139,133
137,429
1,841
190,265
31,212
221,477

189,651
131,083
132,941
1,933
185,910
33,606
219,516

186,269
135,610
136,056
1,992
183,861
26,135
209,996

183,156
127,006
120,770
1,975
181,493
38,748
220,241

41

52

32

54

49

49

47

53

56
MISCELLANEOUS.1
AUTOMOBILES.
United States
Government
short-term debt
(end of month).

N e w registrations.

Year and month.

Accessory sales.

Thousands
of dollars.
1919
1920
1921
1922
1923

monthly average.
monthly average.
monthly average.
monthly average.
monthly average.

Washing- Oregon.
California.
ton.*

Relative
to 1921.

Arizona.

Shipments
of canned

salmon.

Idaho.
ij Millions of Relative
of dollars. to 1919.

Number.

3 8,047
3 7,843
» 7,618
16,746
» 5,473

MOO

3 97
3 95
«84
»68

19,869
35,027

100
176

January...
February.
March
April

6,C25
10,409
20,120
26,747

33
52
101
135

7,533
7,654
7,578
7,602

94
95
94
94

May
June.—
July
August..

20,781
22,703
23,096
23,298

135
114
116
117

7,557
7,618
7,418
7,5GG

94
65
92
94

September.
October
November.
December..

23,142
22,053
18,998
14,350

116
111
96
72

7,562
7,089
7,256
7,097

94
88
90

January...
February.
March
April

17,320
22,720
28,601
33,831

87
114
144
170

15,928
12,923
13,629

429
486
614
1,230

1,133
1,363
1,524

195
361
259
337

241
286
508

7,063
7,152
6,843
6,929

85
86

«336,911
•320,846
* 264,470
4 159,340

May,...
June
July
August-

43,700
42,000
41,002
43,700

220
211
206
220

16,032
16,008
14,696
15,849

3,270
2,324
1,842
1,795

1,913
1,224
3,559
1,926

495
451
706
575

789
689
360
785

6,901
0,746
6,751
6,831

84
84
85

4 224,079
* 428,927
478,048
591,720

September*
October
November-,
December..,

37,300
39,754
36,617
34,712

188
'200
184
175

15,746
14,158
17,365
10, .198

1,801
1,672
1,217
1,783

1,368
1,497
1,448

515
571
552
310

423
294
221
68

6,609
6,164
6,047
5,835

77
75
73

784,233
756,563
725,367
534,520

January...
February.
March
April

45,452
48,519
59,429
61,647

229
244
299
310

32,453
23,898
22,215

1,110
4,397
4,324
6,859

1,637
3,871
3,935

1,343
819
853

708
729
1,057

fi,721
5,730
5,753
5,691

71
71
71
71

May....
June
July
August..

58,410
58,068
48,537
50,264

294
292

244
253

25,046
22,917
21,731
20,515

3,663
6,647
6,008
4,752

3,745
1,994
5,778
3,195

1,227
1,058
1,271
946

1,412
1,196
647
1,373

5,581
5,473
5,436
5,396

63
68
67

September..
October
November..
December

46,223
53,803

233
271

18,381
22,279
21,410
17,363

3,778
3,812
2,244

2,481
3,170
2,224
1,690

940
1,054
838
395

889
620
603
206

8,709
8,677
8,656
8,612

108
108
108
107

8,541
8,490

106
106

« 14,776
* 22,564

1,539
*4,327

• 1,696
13,065

444
«977

1423
»85S

467,086
471,438

1921.

1922.

1923.
424,048

175,002
187,187
253,212
445,127
653,480
834,304
962,709
403,992

1924.
January...
February.
March
April

J1922 figures are for passenger cars only,
5
Condition on June 30 of the year indicated
» E W e n ° S t e ' e a v e r a | e l ; d ' ° r e g " Wb0S<S s h l p n l e n t s
6
Ten months' average.




totaled

«•*» oases

in

* » » « * » » . and an arerage of about 2,000 cases for the five next succeeding months of 1823.

57
WORLD PRODUCTION OF CANE SUGAR AND FLAXSEED.*
;

CANE SUGAR.
Java.
World,
total.

Year.

:

United
States, i

Brazil.

Oct.

Oct.

May.

FLAXSEKD.

Hawaii.

Rico.

Nov.

Dec.

Cuba.

India.
World
total.

Dec.

! Argentina.

India.

Jnn.<

Apr.

Dec.

Thousands of short tons.
1909-1913 average
1914
• 1915.
1916
1917

-.

1918
1919
1920
192L
1922

9,971
11,293
12,776
13,442
14,508
13,324
13,799
13, 656
14,563
14,614

1,514
1,054
1,797
2,009
1,960
1,478
1,473
1,579
1,906
1,993

1923 latest estimates .
1
J

.

1,971

United
States. C a n a d a .
Aug.

A HE.

Thousands of bushels.

311
247
139
311
246
284
122
176
328
295

2 38
344
486
413
493
440
496
580
551
3 667

567
646
593
645
577
600
556
522
592
3 537

363
346
< 484
503
454
406
485
490
408
3 379

2,295
2,967
3,437
3,442
3,957
4,597
4,209
4,408
3 4,517
3
4,034

2,614
2,757
2,950
3,058
3,708
2,617
3,361
2,826
2,925
3
3,347

172

706

605

392

4,271

3,388

110,992
94,559
103,287
82,151
41,063
61,821
61,692
87,904
83,288

'
I
1
1

31,089
36,928
45,040
39,289
4,032
19,588
30,775
42,038
50,470
44,286

19,870
15,448
15,880
19,010
21,040
20,000
9,400
16,760
10,800
17,440

19,505
13,749
14,030
14,296
9,164
13,369
7,256
10,774
8,020
10,375

12, OtO
7,175
10,628
8,260
5,935
0,055
5,473
7,998
4,112
5,009

63,225

21,280

17,429

7,140

3 From private sources.
1
New crop available in January of the year indicated; January, 1924, estimate is 63,223,000 bushels.

Louisiana and Texas.
Exports.

WORLD PRODUCTION OF BEET SUGAR *
Year.

World1
total.

United
States.

Germany.

CzechoNetherslovakia. Russia. Poland. lands.

Belgium.

France.

Italy.

Spain.

Denmark. Sweden.

Thousands of short tons.
1909-1913 average
1914..
1915
1916....
1917..
1918 . . . .
1919...
1020..
1921 _
1922...

1923 latest estimates.
1
J

8,432
8,331
6,056
5 808
5,208
4,592
3,490
4,997
5,443
2 5,692
6,101

610
722
374
821
765
!
761
j
726
i 1,089
1
* 1,074
1
* 711

2,290
2,721
1,678
1,721
1,726
1,404
808
1,212
1,416
1,605

1,017
1,00-4
812
805
584
688
559
770
726
>821

1,726
1,879
1,824
1,457
1,134
318
86
55
61
V245

j

1,180

990

330

931

239
293
263
249
106
195
198
1294

246
316
264
286
215
182
263
314
412
308

276
215
120
140
136
78
152
268
315
'293

759
334
150
204
221
121
171
370
^ 319
515

209
166
166
160
162
120
185
150
234
300

116
112
117
139
154
169
91
104
SO
* 176

128
168
143
124
149
156
149
168
156
94

154
170
140
151
144
141
141
181
259
179

397

309

309

516

339

187

121

170

279

* Includes Ukraine; data from private sources.
« Refined sugar in terms of raw on the basis of 95 per cent of the raw.

Crops in all countries here given are harvested beginning in September.
From private sources*

WORLD PRODUCTION OF RICE *
1

!

India.

Worhitofcal.

Country

Apr.

New (Top available

; Apr.

United
State*.

Italy.

Spain.

Japan.

A up.

Sopt.

Sept.

Nov.

!
"Jfi!?1 I Philip|nw
IndteL' I P
-

Dec.

(

DPC

Millions 0 i pounds( rlOJWPfi*.
I

Normal consumption U909-1913)
1909-1913 . . .
1914
1915
1916
1917... ;
1918
1919
1920
.
1921
1922

1923 latest estimates
1

'

.
...

_

110,780
102,9S0
114 500
112,300
122,000
97,400
117,200
90,777
120,797
127,132

i
i
!
i
!
;
i

67,891

375

518
646

72, 950
61,022
73,526
77,932
81,198
55,218
71,613
62,793
74,437
74,294

5*3
81
542
237
487
692
607
634
472
»33

481
657
804
1,135
965
1,072
1,166
1,446
1,045
1,150

741
763
708
716
712
662
997
641
*632

46,574

270

924

670

14, GW
297
337
320
329
322
2S2

14,009
17,009
17,569
18,360
17,143

412
394
356
373

17,184
19,106
19,849
17,336
19,067

460

18,303

7,349
7,826

3,323
3,4(35
7,051
6,430

1,124
1,404
1,109
1,289
1,745
2,210
1,977
2,127

5,669 :
6,451

2,660
2,681

;

6,904

2,703

Java and Madura.
» Acreage about half of normal: Summer crop only given.
»1922 acreage 296,500, compared with 286,400 acres in 1921.
* Data compiled by U. S Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information received by that department oiWDepartment
of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested.
Corrected to February 2§, 1924.




WORLD PRODUCTION OF COTTON *
World total.

Country
New crop available

Peru.

United
States.

Mexico.

June.

August.

, August.

India.

Brazil.

Egypt.

November. September

September

Thousands of bales (478 pounds net).
1909-1913 average..
1914
1915
1916
1917

20,660
24,630
18,470
18,970
18,370

1918..
1919..
1920..
1921,.
1922..

l$t580
19,925
20,940
15,391
18,705

1923, latest estimates.

19,125

1
!

|

;

106
129
113
127
125

13,033
16,135
11,192
11,500
11,302

142
155
164
157
137

12, Oil
11,421
13,440
7,9.54
9,762

!
193 I
108 j
95 !
103 :
135 ;
203
199
188
147
»178

10,081

i From private sources.

I
1
I
|
i

138 j

3,584
4,354
3,128
3,759
3,393

322
387
282
281
345

1,453
1,337
989
1,048
1,304

3.328
4,853
3,013
3,748
! 4,348

339
384
451
505
553

999
1,155
1,251
902
1,170

4,219

1,213

*1922 acreage 12,496,000 compared with 11,976,000 in 192L

WORLD PRODUCTION OF WHEAT *
World total.

Country
New crop available

Argentina.

Australia.

India.

United
States.

Spain.

January.

January.

March.

July.

August.

Italy.

!
; France.

Germany. Rumania. Canada.
_._

August, j August.

August.

August.

September.

1

Millions of bushels.
Normal consumption
(1909-1913)
1909-1913 average
1914
1915
1916
1917
„

3,577
3,586
4,199
12,609
12,288

1918
1919
1920
1921 . .
1922

12,804
12,743
12,868
'3,069
*3,096

,

.

!
i
!
j
:

64

37

301

581

136

230

3<il

221

34

116

157
105
169
169
80

85
103
25
179
152

351
312
377
323
382

690
891
1,026
630
637

130
116
139
152
143

183
170
171
177
140

318
283
223
205
135

152
146
142
M10
a 82

87
49
89
78

197
161
394
263
234

224
180
217
156
191

115
76
46
146
129

370
280
378
250
367

921
968
833
815
868

136
129
139
145
125

183
170
141
194
162

220
2 182
* 237
* 323
< 243

2 86

196
259

109
126

369

780

157

225

290

*80
<S3
UOS
«72
i

1923, latest estimates . .
1924, latest estimates

3 18 *
*66
'61
*79
•92

189
193
263
301
400

103

474

—•

106

i

1
2
3

Russia excluded. N o accurate statistics arc available,
Excludes Alsace-Lorraine.
Excludes Dobruja.

* New boundaries.
5
Former kingdom, Bessarabia and Bukowina.

U S
'n - Department of Agriculture, Bureau o{ Agricultural Economics, and corroded monthly in accordance with latest available information wjelj
of Comm(T
by that department or by Dcpnriment
Dcpa
^
&lTcau «/ Fowgn and Domestic Commerce. Countries arc placed in the order in which crops are harvested. Correct
to February 20.1924.




59

SOURCES OF DATA.
CURRENT PUBLICATION. 1

SOURCE.

DATE OP PUBLICATION.

I.-REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN,
ARGENTINE MINISTER OF AGRICULTURE
AUSTRALIAN COJUfONWEALTH's B u
BEAU OF CENSUS AND STATISTICS.
BANK OF JAPAN.
BRITISH BOARD OF TRADE
CANADIAN DEPARTMENT OF LABOR . .

Cereal exports from Argentina.
Price index for Australia

Price index for Japan.
Price index for United Kingdom
Price index for Canada
Employment in Canadian trade-unions
Operations of Canadian employment serviceCANADIAN DEPARTMENT OF TRADE Foreign trade of Canada....
Canadian
railroad operations
_
AND COMMERCE.
Canadian iron and steel production
..
Agricultural
loans
by
land
banks..
FEDERAL FARM LOAN BOARD
FEDERAL RESERVE BANK OF ATLANTA. Wholesale trade
FEDERAL RESERVE BANK OF BOSTON. Savings deposits in First Fed. Res. Dist
FEDERAL RESERVE BANK OF CHICAGO. Savings deposits in Seventh Fed. Res. Dist..
Agricultural pumps
Savings deposits in Fourth Fed. Res. Dist..,
FEDERAL RESERVE BANK OF CLEVE
LAND.
FEDERAL RESERVE BANK OF DALLAS.
FEDERAL RESERVE BANK OF KANSAS
CITY.
FEDERAL RESERVE BANK OF MINNEAPOLIS.
FEDERAL RESERVE BANK OF N E W
YORK.
FEDERAL RESERVE BANK OF PHILADELPHIA.
FEDERAL RESERVE BANK OF RICHMOND.
FEDERAL RESERVE BANK OF SAN
FRANCISCO.
FEDERAL RESERVE BOARD..

FRENCH MINISTRY OF LABOR AND
SOCIAL WELFARE.
ILLINOIS DEPARTMENT OF LABOR
INDIAN DEPARTMENT OF STATISTICS..,
INTERSTATE COMMERCE COMMISSION..

MASSACHUSETTS DEPARTMENT OF
LABOR AND INDUSTRIES.
MASSACHUSETTS DEPARTMENT OF
PUBLIC UTILITIES.
>E\V YORK STATK DEPARTMENT OF
LABOR.
NEW YORK STATE DEPARTMENT OF
PUBLIC WORKS.
PANAMA CANAL
PENNSYLVANIA DEPARTMENT OF LAUOR AND INDUSTRY.
u S. DEPARTMENT OF AGRICULTUREBUREAU OF ANIMAL INDUSTRY.
U.S. DEPARTMENT OF AGRICULTURE—
B U R E A U OF A G R I C U L T U R A L
ECONOMICS.

Wholesalo trade
Wholesale trade
Retail sales of lumber by rural yards...

Estadfstica Agro-Peeuaria.,
Federal Reserve Bulletin...
Federal Reserve Bulletin
British Board of Trade Journal
Labour Gazette (Canadian)
Labour Gazette (Canadian)
Labour Gazette (Canadian)..
Foreign trade of Canada
_._
Operating Revenues, etc., of Railways •__.
Press releases •
Not published
:
Business Conditions.w
Monthly Review
Business Conditions.
Business Conditions.
Business Review

Monthly.
Second week of month.
Second week of month.
Monthly.
Semimonthly.
Semimonthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.

Business Conditions.
Business Conditions .

Monthly.
Monthly.

I Business Conditions.

Monthly.

Foreign exchange rates and index
Savings deposits in Second Fed. Ees. Dist
Savings deposits in Third Fed. Res. Dist
Wholesale trade
-—Savings deposits in Fifth Fed. Res. Dist
Wholesale trade
--•
Savings deposits in Twelfth Fed. Res. Dist....
Wholesale trade..
Automobile registrations
Foreign exchange index numbers
Debits to individual accounts
Condition of Federal reserve banks
Condition of reporting member b a n k s —
Money held outside U. S. Treasury and Federal reserve system to July 1,1922.
Wholesale price index numbers
---Department store trade; in cooperation with
National Retail Dry Goods Association.
Index numbers of department store, mailorder, and chain-store trade.
Barley and rye receipts
--•
Sales of loose leaf tobacco
---•
Index of ocean freight rates
-•
Index numbers of production
Wholesale trade
Price index for France
•

Fed. Res. Bull, and daily statement *
Monthly Review
Business and Financial Conditions..
Business and Financial Conditions
Business and Agricultural Conditions
Business and Agricultural Conditions
Business Conditions
Business Conditions
Business Conditions
Federal Reserve Bulletin
—Fed. Res. Bull, and weekly press releases *
Fed. Res. Bull, and weekly press releases *
Fed. Res. Bull, and weekly press releases •
Federal Reserve Bulletin

Daily and monthly.
Monthly.
Monthly,
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly (second week of month).
Sunday papers and monthly.
Fri. morning papers and monthly.
Fri. afternoon papers and monthly.
Monthly.

Federal Reserve BulletinFederal Reserve BulletinFederal Reserve Bulletin-

Monthly.
Monthly.

Federal Reserve Bulletin
Federal Reserve Bulletin..,.
Federal Reserve Bulletin
Federal Reserve Bulletin
Federal Reserve Bulletin
Bulletin de la Satisque Generate.

Monthly.
Monthly.
Monthly.
Monthly.
Monthly.

Employment in Illinois
Price index for India
Railway revenues and expenses
Telephone operating revenue and income
Telegraph operations and income
Express operations and income
Massachusetts employment

The Employment Bulletin
Federal Reserve Bulletin....
Preliminary statement Class I roads
Operations of large telephone companies.
Not published
Not published
Monthly statement *
—

Monthly.
Second week of mouth.
Monthly.
Monthly.

Monthly.

Milk receipts at Boston
• Not published..
New York State factory employment and Labor Market Bulletin and press releases * Monthly.
earnings.
Yearly.
New York State canal traffic
• Annual report
Last weekly issue of mouth.
The
Panama
Canal
Record.
Panama Canal traffic
Semimonthly.
Semimonthly report *
Unemployment in Pennsylvania
Monthly supplement.
Crops and Markets.
Beef, pork, and lamb production
Monthly supplement.
Crops and Markets
Monthly supplement.
Crops and Markets
Prices of farm products to producers.
Crops and Markets and press releases * . . . Releases about 1st of mouth (cotton)
Wool stocks in dealers' hands
and 10th (other crops).
Monthly supplement.
Crop
production..
Crops and Markets
Cold-storage
holdings and fish frozen...
Monthly
supplement.
Crops and Markets
•—•
I Movement of cattle, hogs, and sheep
Weekly.
Receipts of butter, cheese, eggs, and poultry. Crops and Markets
Quarterly.
Crops and Markets
Production of dairy products
Monthly supplement.
Car lot shipments of fruits and vegetables.— Crops and Markets
Monthly supplement.
Crops and Markets
Farm labor, wages, supply* etc
Weekly!
Foreign
crops
and
markets
*
World crop production
„
_„-_„_—. Annually.
Livestock on farms
----- Crops and Markets
Yearly.
U.S. DEPARTMENT OF AGRICULTURE- Total lumber production from 1913 to 1920— Production of Lumber, Lath, and Shingles. Yearly.
Pulp Wood Consumption and Wood-Pulp
Wood pulp production, 1914 and 1916
FOREST SERVICE.
Production.
during seasou.
Preliminary report on ginnmgs
- - - - Semimonthly
*
U. s. DEPARTMENT OF COMMERCE- Cotton ginned
15th of month.
Preliminary report on cotton consumed.- 20th
Cotton consumed and on hand.
BUREAU OF THE CENSUS.
of
month.
Wool machinery and cotton spindles
Active textile machinery
.._._.
_ First week of month.
Leather, hides, shoes, production and stocks., Census of hides, skins, and leather *
18th of month.
Preliminary report on cottonseed
Cottonseed and cottonseed oil
30th of month.
Press release *
Hoisery statistics
30th of month.
Press
release
**
Men's and boys' clothing...
-J--30th of month.
Press release *
Malleable castings
.,
-30th of month.
Press release *
—
Wheat flour production from May, 1923
|
30th of month.
Press release *
Pyroxylin coated textiles
| 20th of month.
Press
release
*
----Stokers, sales from January, 1923
!
One month after end of quarter.
Statement on stocks of leaf tobacco
Stocks of tobacco held
,| 30th of month.
Press release •
Wool consumption
Quarterly.
Press release •
Wool stocks
30th of month.
Press release *
Work clothing..
25th
of month.
Press
release
*
Cast-iron pipe




60
SOURCES OF DATA—Continued.
DATE OK PUBLICATION.

CURRENT PUBLICATION.

FttOM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN-Continued
Produc. indexes of raw materials and manfrs.- Survey of CurrentBusiness.
Fats and oils, production, consumption, and Statistics of fats and oils *..
- —•
Fabricated struc. steel sales from Apr., 1922___ Press release *
Press release *
Automobile production from July, 1921
Pressrelease *
--•
Wood chemical operations
Pressrelease *
Steel castings sales
Press release *
Steel furniture shipments
Survey of Current Business.
Earnings of public utilities
Survey of Current Business.
Plumbing goods price index
-Monthly statement
Fish catch at principal fishing ports
Mon. Sum. Foreign Commerce
All imports and exports
Fuel loaded for consumption by vessels at Not published
principal clearing ports.
Tonnage of vessels, entered and cleared in Mon. Sum. Foreign Commerce
United States foreign trade.
Data on trade, employment and coal and iron Various foreign sources
production of foreign countries.
Wholesale Prices
Wholesale price of wool
Mon. Sum. Foreign Commerce
Warehouse stocks of rice.
Vessels under construction and vessels com- Commerce Reports
pleted.
Not published
Building material price indexes

U. S. DEPARTMENT OF COMMERCEBUREAU OF THE CENSUS.

U. S. DEPARTMENT OF COMMERCEBUREAU OF FISHERIES.
U. S. DEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC
COMMERCE.

U. S. DEPARTMENT OF COMMERCEBUREAU OF NAVIGATION.
U. S. DEPARTMENT OF COMMERCEBUREAU OF STANDARDS.
U. S. GRAIN CORPORATION
U. S. DEPARTMENT OF THE INTERIORBUREAU OF MINES.
U. S. DEPARTMENT OF THE INTERIORGEOLOGICAL SURVEY.

U. S. DEPARTMENT OF THE INTERIOR—
U. S. PATENT OFFICE.
U. S. DEPARTMENT OF THE INTERIOR—
DIVISION OF NATIONAL PARKS.
U. S. DEPARTMENT OF LABOR—EM
PLOTMENT SERVICE.

Monthly.
Quarterly (one month after end of
quarter).
15th of month.
20th of month.
30th of month.
20th of month.
20th of month.
Monthly.
Monthly.
(Part I) 1 .. Last week of month.
-•
(Part I I ) . . Middle of next month.
Yearly.
(Part I I ) . . Monthly.
First weekly issue of month (Mondays) .

Wheat flour production, prior to July, 1920..
Refined petroleum products, production, etc.

No longer published..
Refinery Statistics *..

Portland cement, production, etc
Coal and coke production
Crude petroleum, production, etc
Electric power production
Consumption of fuel by public utility plants.
Figures on nonferrous metal production
Patents granted

Report on Portland cement output *
Weekly report on production of coal *
Preliminary statistics on petroleum *
Production of electric power * „
Production of electric power *
Mineral Resources
_
Not published

20th of month.
Second or third weekly issue of mo.
25th of month.
End of month.
End of month.
Annually.

Visitors to National Parks

Not published

Monthly.

Second week of month.

First week of month.
Every 4 or 5 weeks.

_
Number on pay roll—United States factories.. Industrial Survey •_._
Report of Activities of State and MuniciEmployment agency operations.
pal Employment Agencies.
Not published
Immigration and emigration statistics..

U. S. DEPARTMENT OF LABOR—BU
REAU OF IMMIGRATION.
U. S. DEPARTMENT OF LABOR—BUREAU OF LABOR STATISTICS.

Wholesale prices of commodities, including Wholesale Prices of Commodities..
farm products, food, clothing, metals, etc.
Monthly Labor Review
_
Wholesale price index
Monthly Labor Review..„.
Retail price index of foods
Monthly Labor Review
Retail coal prices
__
Postal Savings News Bulletin
United States postal savings
Statement of Postal Receipts *
Postal receipts
__
Passports issued
Not published
Government debt, receipts and disbursements Daily Statement of the U. S. Treasury
Money in circulation from July 1, 1922
Circulation of money
Domestic receipts of gold at mint
Not published
:

U. S. POST OFFICE DEPARTMENT
U. S. DEPARTMENT OF STATE...
17. S. TREASURY DEPARTMENT..
U. S. TREASURY DEPARTMENT—BUREAU OF THE MINT.
U. S. TREASURY DEPARTMENT—BUREAU OF INTERNAL REVENUE.
U. S. WAR DEPARTMENT—ENGINEER
CORPS.
U S. WAR DEPARTMENT—MISSISSIPPI
WARRIOR SERVICE.
WAR FINANCE CORPORATION
WISCONSIN INDUSTRIAL COMMISSION.

Mont lily.
Monthly.
Monthly.
12th of month.
7th of month.
JOth of month.
Last day of month.
Monthly.

Oleomargarine production
Consumption of manufactured tobacco, snuff,
cigars, cigarettes, and oleomargarine.
Internal Revenue taxes on specified articles. _
Iron ore movement
Sault Ste. Marie Canal traffic
„._
Ohio River cargo traffic
Barge traffic on Mississippi River

Classified collections of Internal Revenue. 25th of month.
Monthly during season.
Monthly statistical report
Monthly during season.
Monthly statistical report
Monthly.
Not published

Agricultural loans.
_
_
_.
Wisconsin factory earnings and employment.

Not published in form used
Bulletin on Wisconsin labor market'

Not published
Statement of tax-paid products *.

First week of month.

15th of month.

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS.
(Excluding individual firms reporting data to be combined with other firm? or trade associations.)
A BERTHA w CONSTRUCTION CO
j Building costs
ABRASIVE PAPER AND CLOTH MANU- J Sale of abrasive paper and cloth
FACTURERS' EXCHANGE.

„_

I Construction trade paper?
Not published

"

AMERICAN MANUFACTURERS ASSOCIA- j Corn ground into starch, glucose, etK.
TION OF PRODUCTION FROM CORN,

j

ASSOCIATION.

Not published
:

AMERICAN BUREAU OF METAL STA- j Copper, silver, and lead production
TISTICS,
| Zinc production in Belgium
Zinc stocks in United Kingdom
AMERICAN FACE BRICK ASSOCIATION.. Face brick production, stocks, etc
AMERICAN NEWSPAPER PUBLISHERS' | Stocks of newsprintpaper

' Not published
j Not published
I Not published
. . . . ; Not published
. . . \ Monthly report

J

"'"

"

"
"

AMERICAN IRON AND STEEL INSTITUTE.! Steel ingot production
Uasoiine
Kerosene consumption
AMERICAN PETROLEUM INSTITUTE
Gasoline and kerosene
w
Merchant
pig iron production,
etc
AMERICAN PIG IBON ASSOCIATION
— ^ _ * _.._.•
,.___..•__*'_..
Freight
car
surplus
and
,
—-•;-;
— Jshortage
AMERICAN
RAILWAY
ASSOCIATION
T
Car loadings
loadings and
and bad-order
bad-order cars
cars
(Car Service Division).

Monthly.

"

""

Press release to trade papers *
} Special stateme
statement
Not
i e ^ > published
^ awiwueui.
i Car
— Surplusage:
Surplusages and Shortage? *
Information Bii
ji Information
Bulletin •

7th of month.
Weekly.
Weekly.

AMERICAN T m m n i AM. TELE- Stockholders in the company:"::::::::::::::::! fS^M^iS^.^/^:":""""::
GRAPH C O . *

i

AMERICAN WALNUT MANUFACTURERS'j Walnut lumber and logs...
ASSOCIATION •

Thlrf week of month.

j

I

j Not published..
l

Quarterly.
"--*-----

AMERICAN WRITING PAPER COMPANY.! Purchases and sales of paper.
| Not published
r u
nd stocks zinc, retorts o p e r a t i n g : . I Press release t o t r a d e p a D ev r V 1 3 t h of mouth.
AMERICAN ZINC
INSTITUTE
Produc. andshipments
stocks zinc,
Press release
13th of
of month.
mouth.
ANTHRACITE
BUREAU
OF INFORMA- Anthracite
andretorts
stock?operating
jI statement
of to"trade*pa*DerV\
anthracite shipments , " " I I; 15th

TION.
ASSOCIATED KNIT UNDERWEAR MANFACTURERS' ASSOCIATION.
ASSOCIATION
OF LIFE
INSURANCE
PRESIDENTS.
AUTOMOBILE MANUFACTURERS' ASSOCIATION.
BOSTON, CAPE COD AND N E W YORK
CANAL C O .




Knit underwear production.

Monthly report •

New life insurance business.
Premium collections
Automobile accessory sales..

Not published
Not published
Trade Papers

Cape-Cod Canal traffic....

Not published

• Multigraphed or mimeographed sheets.

1

_.

'Monthly.
.

'.'.["'...'.

I
...!
_-.J Monthly.
:

Import! and exports of gold and stiver in Part I I .

61
SOURCES OF DATA—Continued.
CURRENT PUBLICATION.

DATE OP PUBLICATION.

II.—KEPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued.
(Excluding individual firms reporting data to be combined with other firms or trade associations.)
BOSTON CHAMBER OF COMMERCE
BRIDGE BUILDERS AND STRUCTURAL
SOCIETY.
BUREAU OF RAILWAY ECONOMICS

CALIFORNIA REDWOOD ASSOCIATION. _
CALIFORNIA WHITE AND SUGAR PINE
ASSOCIATION.
CHICAGO BOARD OF TRADE
CHILDS CO
_
CLEVELAND TRUST CO
COMPAGNIE UNIVERSELLE DU CANAL
MARITIME DE SUEZ.
CONTAINER CLUB
_
CREDIT CLEARING HOUSE
DAIRYMEN'S LEAGUE COOPERATIVE
ASSOCIATION, INC.
F. W. DODGE CORP.
EMPLOYERS' ASSOCIATION OF DETROIT.
ENAMELED
SANITARY
MANUFACTURERS' ASSOCIATION.
FEDERATION OF IRON AND STEEL

MANUFACTURERS (British).

FELT MANUFACTURERS ASSOCIATION..
FINE COTTON GOODS EXCHANGE
FIRE EXTINGUISHER EXCHANGE
FOUNDRY
EQUIPMENT
MANUFACTURERS' ASSOCIATION.
HARDWOOD MANFRS. INSTITUTE
HAFFARDS, G. M., & Co
HYDRAULIC SOCIETY
_
ILLUMINATING GLASSWARE GUILD
IOWA-NEBRASKA CANNERS1 ASSOCN __
JACKSONVILLE CHAMBER OF COMMERCE
JONES BROS. TEA CO
_
LAKE SUPERIOR IRON ORE ASSOCN
LEATHER BELTING EXCHANGE
MAPLE FLOORING MANFRS. ASSOCN.__
MCLEAN BUILDING REPORTS, LTD
MERCHANTS' EXCHANGE OF ST. LOUIS.
MICHIGAN HARDWOOD MANUFACTURERS' ASSOCIATION.
MINNEAPOLIS CHAMBER OF COMMERCE.
NATIONAL ALLIANCE OF CASE GOODS
ASSOCIATION.
NATIONAL ASSOCIATION OF BRASS
MANUFACTURERS.
NATIONAL ASSOCIATION OF BUTTON
MANUFACTURERS.
NATIONAL ASSOCIATION OF CHAIR
MANUFACTURERS.
NATIONAL ASSOCIATION OF CORRUGATED AND FIBER BOX MANFRS.
NATIONAL ASSOCIATION OF FARM
EQUIPMENT MANUFACTURERS.
NATIONAL ASSOCIATION OF FINISHERS
OP COTTON FABRICS.
NATIONAL ASSOCIATION OF HAT MANUFACTURERS.
NATIONAL ASSOCIATION OF STEEL
FURNITURE MANUFACTURERS.
NATIONAL ASSOCIATION OF SHEET AND
TIN PLATE MANUFACTURERS.
NATIONAL ASSOCIATION OF WOOL
MANUFACTURERS.
NATIONAL AUTOMOBILE CHAMBER OF
COMMERCE.
NATIONAL BOTTLE MANFRS. ASSOCN. ..
NATIONAL CONTAINER ASSOCIATION....
NATIONAL ELECTRICAL CREDIT ASSOCIATION.
NAT. INDUS. CONFERENCE BOARD
NATIONAL PAVING BRICK MANUFACTURERS' ASSOCIATION.
NATIONAL RETAIL DRY GOODS Asso...
NATIONAL WOOD CHEMICAL ASSO . . . .
NEW ORLEANS BOARD OF TRADE
NEW ORLEANS COTTON EXCHANGE....
NEWS PRINT SERVICE BUREAU
N E W YORK COFFEE AND SUGAR E X . . .
Nm YORK METAL EXCHANGE
NEW YORK TRUST COMPANY
NORTH CAROLINA PINE ASSOCIATION..
NORTHERN HEMLOCK AND HARDWOOD
MANUFACTURERS' ASSOCIATION.
NORTHERN PINE MANFRS. ASSOCN....
OAK FLOORING MANFRS. ASSOCN
OHIO FOUNDRYMEN'S ASSOCIATION.-..
OPTICAL MANUFACTURERS* ASSOCN
PACIFIC CANNED FISH BROKERS' ASSOCIATION. *
PENNSYLVANIA RAILROAD C o
PENSACOLA CHAMBER OF COMMERCE. .
PHILADELPHIA MILK EXCHANGE.

Receipts of wool at Boston
_.
Fabricated structural steel sales before April,
1922.
Number
of tons carried
1 mile
Average receipts
per ton-mile.
Passengers carried 1 mile
Railway employment
Locomotives in bad order
...
Per cent of earnings on valuation
Redwood lumber production, etc
Sugar pine lumber production, etc
Wheat, corn and oats, receipts, etc
Restaurant sales
_
Automobile production, monthly, January,
1920, to June, 1921.
Suez Canal traffic
_.

Trade papers
No longer published..
Summary of operating statistics.
Not published
Summary of operating statistics
Not published
Not published
Not published
Not published
Not published

Daily.

Trade papers
Monthly report
Not published currently.

Daily.
Monthly.

Le Canal de Suez.
Production of paper box board through April, Not published
1923.
Credit conditions
Credit
Milk deliveries to milk plants.
Not published.
Building statistics—Contracts awarded
..! Statement on Building StatisticsDetroit factory employment
...• Weekly press release
Enameled sanitary ware
__
j Not published

Monthly.
Monthly.

5th, lfith, and 2Sth of month.
Weekly.
Monthly.

Second week of month
British iron and steel production
_
• Trade papers..
.._
Roofing felt production, stocks, etc
Not published.
Fine cotton goods production and sales....
Trade papers..
Shipments of fire extinguishers
_
| Not published
Monthly.
Foundry equipment production
Stocks and unfilled orders hardwood lumber.. Monthly report
Quarterly.
Fall River Mill dividends
Bradstreets
Hydraulic machinery shipments, etc
Not published
Illuminating glassware production, orders, etc. Not published
Weekly.
Unsold stock of sweet corn
Weekly report *
Weekly.
Turpentine and rosin receipts
_
Naval Stores Review .
Monthly.
Financial papers
Consump.and Stocks of Lake Superior Iron Ore. Monthly report*
Monthly report (not published)
Sales of leather belting
Mapleflooringproduction, etc
- Not published
Canadian building contracts
Canadian Building Review
— Monthly.
3d of month.
Receipts and shipments of lead and zinc
Receipts and shipments at St. Louis
Mississippi River traffic
___
Not published
Hardwood and softwood lumber, production Not published..
and shipments.
Linseed oil and oil-cake shipments
j Monthly statements
Unfilled orders and shipments of furniture

Not published in form used.

Brass faucets, orders and shipments

Not published.

Button stocks, activity, etc_

Weekly report

Chair shipments and unfilled orders
Production of paper box board through April,
1923.
Agricultural pumps
Finished cotton goods, billings, orders, shipments, and stocks.
Hat production, etc., and stocks of fur

Not puolished in form used.

Steel furniture shipments,

Not published

Weekly,

Not published
'—
Business conditions (Chicago Federal Monthly.
Reserve).
Not published
Not published

Not published
Sheet-metal production and. stocks
No longer published..
1913figuresfor active textile machinery.
Production and shipments of passenger cars j Traffic bulletin* (production figures not .Second week of month.
published).
and trucks.
Not published
1.
Glass bottle production index
—
Production of paper box board since April, 1923 Not published
Not published
.Credit conditions..
2lst of mouth.
Monthly press release.
Cost of living-.
Monthly report
Paving-brick production, etc
Monthly.
Department store trade (see Fed. Res. B d . ) . - . Federal Reserve Bulletin
Production of wood alcohol and acetate of lime. Not published
*—
First week of month.
Rice distribution through New Orleans
Monthly report
First week of month.
Cotton receipts into sight
Monthly report...
Canadian newsprint production, etc
I Monthly bulletin
United States newsprint data since June, 1923.. j Monthly bulletin
First week of month.
Coffee receipts, stocks, etc
: Monthly statement. —
First week of month.
Stocks of tinTrade papers..—Monthly.
Indexes of stock and bond prices
\ The Index
-North Carolina pine, production, etc
i Not published.
•
Hemlock and hardwood lumber production, A\ ot published
etc
'
Northern pine lumber and lath
Not published
-Oakflooring,production, etc
; Not published------;-"rj:v:-.V
Ohio foundry iron production
• Monthly .report* (not published).
Monthly.
Spectacle frames and mountings, sales, etc
Not published
Shipments of canned salmon
! Not published
—Quarterly.
Stockholders in the company
Financial papers...-.
Weekly.
Turpentine and rosin receipts
• Naval Stores Review.
MUkreceipts at Philadelphia
! Not published

* Multlgraphed or mimeographed sbbots.



PUBLICATIONS OF THE DEPARTMENT OF COMMERCE,
Recent publication of the Department of Commerce having the most direct interest to readers of the SURVEY OP CURRENT
BUSINESS are listed below. A complete list may be obtained by addressing the Division of Publications, Department of Commerce,
at Washington. Copies of the publications may be purchased from the Superintendent of Documents, Government Printing
Office, Washington, at the prices stated below. If no price is mentioned, the publication is distributed free.
OFFICE OF THE SECRETARY.
Woven-Wire Fencing;
Simplified Practice Recomm e n d a t i o n No. 9,-—This is in addition to the Elimination of
Waste Series, and contains an announcement of the sizes and
styles of woven-wire fencing as adopted by a joint conference
of manufacturers, distributors, and users. Price, o cents.
BUREAU OF THE CENSUS.
{For circulars nvini' plan of publication and distribution of Fourteenth Census
publications address the Director of the Census.]

Census <>i m a n u f a c t u r e s , 1921.—Industry bulletin series:
Musical instruments and phonographs, 28 pages; printing and
publishing and allied industries, f>3 pages; the drug industry, 26
pages; marufactured gas, 35 pages; silk manufactures, 13 pages.
Slate c o m p e n d i u m s , 1929.—Alabama, 121 pages, price 20
cents; Arizona, 89 pages, 15 cents.
Monograph.-—Mortgages ou homes in the United States,
1920. 277 pages, price $1.25.
Forest k'roducfcs Series, 1922,—Turpentine and rosin, 6
pages.
BUREAU OF FOREIGN AND DOMESTIC COMMERCE.
Commerce Reports.—A weekly survey of foreign trade.
Cable summaries of world conditions and articles on situation
in various commodities in foreign countries. Quarto, 72 pages.
Price, 10 cents per copy; $3 per year ($5 for foreign).
Monthly S u m m a r y of Foreign Commerce of t h e
United s t a t e s . -Paris 1 and 2. Gives total values by
countries ind by customs districts, movements of gold and
silver in f:>rei«7i trade, merchandise remaining in warehouse,
and trade with rjo-ii-ontiguous territories of the United States.
Price, 10 c u t s , including both parts; $1 per year.
Foire^a Commerce' and Navigation * of tlie United
States, Calendar Year 1923.—Complete statistics of imports
and exports of commodities by quantities and value, by countries of origin and destination, and by customs districts; transshipment i.rade; imports and exports of gold and silver; number and tonnage of vessels entered and cleared, by countries
and nationality of vessel; and amounts of duty collected on
imports. Quarto, 746 pages; price, SI.50, bound in cloth.
Commerce Yearbook, 1933.—This work has been prepared
to meet th 3 demands for an authoritative review of the economic
year. This first issue covers not only 1922, but includes
statistics for the first part of 1923. Subjects dealt with in the
700 pases of the Yearbook include a general review of business;
industrial production; prices, stocks, and market conditions,
employment and wages, manufacturing and mining industries;
construction enterprises;,agricultural production and trade in
agricultural products; finances and banking; transportation;
foreign trade; economic and statistical reviews of leading
foreign countries. The book is substantially bound in cloth;
price, 00 cents a copy.
Trade a n d Economic Reviews of Foreign Countries,
122%.—Annual reports of consular officers issued in separate
pamphlets as Supplements to Commerce Reports. These
reviews contain statistics of foreign trade for 1922. The following have become available since the December announcement: No. 33, Switzerland; No. 34, India; No. 35, Turkey;
No. 30, Aden.
Principal Features of Chilean Finances, by Charles A.
McQueen, special agent. Trade Information Bulletin No. 162;
24 pages. A survey of public finance in the various Latin
American countries is under way, and the bulletin on Chilean
finance is the first of the series.
Foreign Markets for F a i n t s a n d P a i n t Materials, by
William VI. Taylor of the Chemical Division. Trade Infor-




mation Bulletin No. 161; 26 pages. The report contains a review
of market conditions in the principal paint-consuming countries
of the world, and statistics of exports from the United States
for 1922 and the first six months of 1923.
Markets for Paper a n d Paper Products In Chile a n d
Peru, prepared by the Paper Division from reports by consular
officers and representatives of the Department of Commerce.
Trade Information Bulletin No. 168; 21 pages. In this pamphlet an endeavor is made to aid the American manufacturer to
understand the needs of the Chilean and Peruvian markets in
order to meet the greatly increased foreign competition.
I n d u s t r i a l Machinery Trade of Italy, by A. A. Osborne,
American trade commission, Rome. Trade Information Bulletin No. 169; 20 pages. In this review are embodied the results
of a special investigation of the possibilities of selling American
machinery in Italy. Points of special development are:
The scope of the market, Italian import trade in machinery,
competition between Italian and foreign manufacturers, how
to sell in Italy, United States exports of industrial machinery
to Italy in recent years, including 1922.
BUREAU OF FISHERIES.
Artificial Propagation of Whiteflsh, Grayling, a n d Lake
T r o u t , by Glen C. Leach, assistant hi charge of fish culture.
Bureau of Fisheries Document No. 019; 32 pages. For the
types of fish included, the points discussed are range and
description, habits, commercial value, methods used in artificial
propagation.
BUKSAU OF STANDARDS.
P n e u m a t i c Tires, Solid Tires, a n d I n n e r Tubes, United
States G o v e r n m e n t Specification.—Circular No. 115.
Contains standard specifications officially adopted by the
Federal Specifications Board for use of Government departments in the purchase of materials.
BUEEAU OF NAVIGATION.
^ Seagoing^ Vessels of t h e United States, 15)33.—Part VI
of the fifty-fifth annual list of merchant vessels of the United
States for the year ended June 30, 1923. Price, 35 cents.
Commercial a n d G o v e r n m e n t Radio Stations of tlie
United States, edition of June 30, 1923. Price, 15 cents.
A m a t e u r Radio Stations of the United Stages, edition
of June 30, 1923. Price, 25 cents.
COAST AND GEOJDET2C SURVEY.
Results of Observations Ma.de a t t h e United States
Coast a n d Geodetic Survey Magnetic Observatory a t
Sitka, Alaska, in 1919 and 1920, by Darnel L. Hazard, assistant chief, Division of Terrestrial Magnetism. The report
contains 102 pages of tables and 14 charts. Price, 25 cents.
I n s t r u c t i o n s " for t h e C o m p e n s a t i o n of t h e Magnetic
Compass, by N. H. Heck, chief, Division of Terrestrial Magnetism, and W. E. Parker, chief, Division of Hydrography and
Topography. Special Bulletin No. 96; 49 pages. Price, 15
cents.
Precise Leveling in Geargta, by Henry G. Avers, mathematician. Special Publication No. 95; 107 pages. Price, 15
cents.
BUHEAU OF LIGHTHOUSES.
Buoy Lists. Hawaiian aiad Sanaoan Islands, a n d P o r t o
Rico a n d Adjacent Islands.—Both . lists are corrected to
November 1, 1923. Price, 20 cents each.

DEPARTMENT OF COMMERCE.
HERBERT HOOVER, Secretary of Commerce.

BUREAU OF THE CENSUS.

BUREAU OF FISHERIES.

WILLIAM M. STEUART, Director.

HENRY O'MALLET, Commissioner.

Chief functions.
The taking of the decennial census covering population, agriculture, manufactures, mines and quarries, and forest products.
Decennial report on wealth, public debt, and taxation, including principal financial statistics on Federal, State, county, city,
and township governments.
Annual financial statistics of State and municipal governments—Sources of revenue, objects of payments, debt, tax levies.
Decennial statistics relating to inmates of institutions, in-*
eluding paupers, insane, prisoners, and juvenile delinquents.
A census of agriculture in each niiddecennial year, a biennial
census of manufactures, a quinquennial census of electrical
public utilities, statistics of marriage and divorce.
Annual statistics of births, deaths, causes of death, etc., in
the registration area of the United States.
Quarterly statistics of leaf tobacco stocks and of production,
stocks, and consumption of fats and oils.
Monthly or semimonthly statistics of cotton ginning; cotton
stocks and consumption; the production, stocks, and consumption of hides and leather; the production of shoes; and statistics of active textile machinery and of movements in an increasing number of other industries.
The compilation and publication, in the "Survey of Current
Business/' of monthly commercial and industrial statistics.

Chief functions.
The propagation of useful food fishes, including lobsters,
oysters, and other shellfish, and their distribution to suitable
waters.
Investigations of fish culture, fish diseases, and for the conservation of fishery resources and the development of commercial fisheries.
The study of the methods of thefisheriesandfisheryindustries
and the utilization offisheryproducts.
The collection of statistics of fisheries.
The administration of the Alaska salmonfisheries,the fur-seal
herd on the Pribilof Islands, and the law for the protection of
sponges off the coast of Florida.

BUREAU OF FOREIGN AND DOMESTIC COMMERCE.
JULIUS KLEIN, Director.

Chief functions.
The compilation of timely information concerning world
market conditions and openings for American products in foreign countries secured through commercial attache's and trade
commissioners of the Department of Commerce and the foreign
service of the Department of State. The distribution of such
information to American business through weekly "Commerce
reports," special bulletins, confidential circulars, the news and
trade press, correspondence, and personal contact. Approximately 3,000 trade inquiries are answered daily by the bureau
and its nine district offices.
The maintenance of commodity, technical, and geographical
divisions to afford special service to Americaa export industries.
The compilation and distribution of names of possible buyers
and agents for American products in all parts of the world and
publication of weekly lists of specific sales opportunities abroad.
The maintenance of district and cooperative offices in 33 cities
in the United States to expedite delivery of market information
to business men and to keep the department advised as to
the urgent requirements of American trades and industries.
The publication of official statistics on imports and exports.
The study of the processes of domestic trade and commerce,
with a view to their improvement and the dissemination of
information obtained for the benefit of the public, as well as of
those directly concerned.
BUREAU OF STANDARDS.
GEORGE K. BURGESS, Director.

Chief functions.
Custody of standards of measurement, quality, performance,
or practice adopted or recognized by the Government. Development and construction of such standards when necessary.
Testing and calibration of apparatus and comparison of standards used by scientific or other institutions with those in the
custody of the bureau.
Determination of physical constants and properties of
materials.
The testing of materials and establishment of standards and
processes in cooperation with commercial firms or organizationsIndustrial researches covering structural, engineering, and
miscellaneous materials, radio, radium, mechanical appliances,
sugar technology, leather, paper, rubber, and textiles; clay
products, glass, and refractories, metals and metallurgy, and
similar groups of subjects.
The collection and dissemination of information showing approved methods in building, planning, and construction, including building materials and codes atid such other matters as may
encourage, improve, and cheapen construction and housing.
Studies on simplified commercial practices and establishment
of such practices through cooperative business organizations.
The Bureau publishes six series of scientific and technical
publications, reporting the results of its researches and giving
technical data fundamental to industry.
The Director has supervision of the preparation of technical
specifications through the Federal Specifications Board.



BUREAU OF LIGHTHOUSES.
R. PUTNAM, Commissioner.
Chief functions.
The establishment and maintenance of lighthouses, lightships, buoys, and other aids to navigation on the sea and the
lake coast and on the rivers of the United States, including
Alaska, Hawaiian Islands, and Porto Rico.
The publication of Light Lists, Buoy Lists, and Notices to
Mariners, including information regarding all aids to navigation
maintained by the Lighthouse Service.
GEORGE

COAST AND GEODETIC SURVEY.
E. LESTER JONES, Director.

Chief functions.
The survey of the coasts of the United States and the publication of charts needed for the navigation of the adjacent
waters, including Alaska, the Philippine Islands, Hawaii, Porto
Rico, the Virgin Islands, and the Canal Zone.
A comprehensive geodetic system, extending into tho interior,
connects and coordinates the surveys of the coasts, and is designed to furnish accurately determined points and elevations
in all parts of the country. These are available as a basis for
Federal, State, and municipal surveys, and engineering projects
of every kind. The magnetic declination has been determined
at a large number of stations throughout the country, and the
results are available for the use of surveyors and engineers.
The technical operations include base measures, trianguiation, traverse, precise leveling, the determination of latitude and
azimuth, the determination of difference of longitude by telegraph or radio, magnetic observations and researches, the
preparation of magnetic maps, the determination of the force
of gravity, topography, hydrography, deep-sea soundings,
water temperatures, tidal and current observations.
The results are published in the form of charts on various
scales, annual reports, coast pilots, tide tables (publis led annually in advance), current tables, digests of geodetic publications,
and special publications.
BUREAU OF NAVIGATION.
D. B. CARSON, Commissioner.,

Chief functions.
General superintendence of commercial marine and merchant
seamen.
Supervision of registering, enrolling, licensing, numbering,
etc., of vessels under the United States flag, and the annual
publication of a list of such vessels.
The enforcement of the navigation and steamboat nspeetion
laws and the laws governing radio communication, as well as
duties connected with fees, fines, tonnage taxes, refunds, etc.,
originating under such laws.
STEAMBOAT INSPECTION SERVICE.
Supervising Inspector General.
Chief functions.
The inspection of vessels, the licensing of the officers of vessels, and the administration of laws relating to such vessels and
theirT officers. The certification of able seamen who form the
crew s of merchant vessels.
The inspection of vessels, including the types of boilers; the
testing of all materials subject to tensile strain in marine boilers;
the inspection of hulls and of life-saving equipment.
GEORGE UHLER,